nvq

A portion of the security was on loan at March 31, 2014.

Investments of cash collateral for securities loaned

Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).

The rate shown is the annualized seven-day yield at period end.

Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

TABLE OF CONTENTS


SPDR Russell 3000^® ETF (THRK) (formerly SPDR Dow Jones Total Market ETF (TMW))		4
SPDR Russell 1000^® ETF (ONEK) (formerly SPDR Dow Jones Large Cap ETF (ELR))		28
SPDR Russell 2000 ETF		39
SPDR S&P^® 500 Growth ETF (SPYG)		59
SPDR S&P 500 Value ETF (SPYV)		64
SPDR Russell Small Cap Completeness^® ETF (RSCO) (formerly SPDR Dow Jones Mid Cap ETF (EMM))		69
SPDR S&P 400 Mid Cap Growth ETF (MDYG)		93
SPDR S&P 400 Mid Cap Value ETF (MDYV)		97
SPDR S&P 600 Small Cap ETF (SLY)		101
SPDR S&P 600 Small Cap Growth ETF (SLYG)		108
SPDR S&P 600 Small Cap Value ETF (SLYV)		113
SPDR Global Dow ETF (DGT)		119
SPDR Dow Jones REIT ETF (RWR)		122
SPDR S&P Bank ETF (KBE)		124
SPDR S&P Capital Markets ETF (KCE)		125
SPDR S&P Insurance ETF (KIE)		126
SPDR S&P Mortgage Finance ETF (KME)		127
SPDR S&P Regional Banking ETF (KRE)		128
SPDR Morgan Stanley Technology ETF (MTK)		129
SPDR S&P Dividend ETF (SDY)		130
SPDR S&P Aerospace & Defense ETF (XAR)		132
SPDR S&P Biotech ETF (XBI)		133
SPDR S&P Health Care Equipment ETF (XHE)		135
SPDR S&P Health Care Services ETF (XHS)		136
SPDR S&P Homebuilders ETF (XHB)		137
SPDR S&P Metals & Mining ETF (XME)		138
SPDR S&P Oil & Gas Equipment & Services ETF (XES)		139
SPDR S&P Oil & Gas Exploration & Production ETF (XOP)		140
SPDR S&P Pharmaceuticals ETF (XPH)		142
SPDR S&P Retail ETF (XRT)		143
SPDR S&P Semiconductor ETF (XSD)		145


SPDR S&P Software & Services ETF (XSW)		146
SPDR S&P Telecom ETF (XTL)		148
SPDR S&P Transportation ETF (XTN)		149
SPDR S&P 1500 Momentum Tilt ETF (MMTM)		150
SPDR S&P 1500 Value Tilt ETF (VLU)		164
SPDR Russell 1000 Low Volatility ETF (LGLV)		178
SPDR Russell 2000^® Low Volatility ETF (SMLV)		180
SPDR Wells Fargo^® Preferred Stock ETF (PSK)		184
SPDR Barclays 1-3 Month T-Bill ETF (BIL)		186
SPDR Barclays TIPS ETF (IPE)		187
SPDR Barclays 0-5 Year TIPS ETF (SIPE)		188
SPDR Barclays 1-10 Year TIPS ETF (TIPX)		189
SPDR Barclays Short Term Treasury ETF (SST)		190
SPDR Barclays Intermediate Term Treasury ETF (ITE)		192
SPDR Barclays Long Term Treasury ETF (TLO)		194
SDPR Barclays Short Term Corporate Bond ETF (SCPB)		195
SPDR Barclays Intermediate Term Corporate Bond ETF (ITR)		208
SPDR Barclays Long Term Corporate Bond ETF (LWC)		229
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND)		241
SPDR Barclays Convertible Securities ETF (CWB)		251
SPDR Barclays Mortgage Backed Bond ETF (MBG)		254
SPDR Barclays Aggregate Bond ETF (LAG)		256
SPDR Nuveen Barclays Municipal Bond ETF (TFI)		277
SPDR Nuveen Barclays California Municipal Bond ETF (CXA)		286
SPDR Nuveen Barclays New York Municipal Bond ETF (INY)		288
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM)		290
SPDR Nuveen S&P VRDO Municipal Bond ETF (VRD)		300
SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)		302
SPDR Nuveen Barclays Build America Bond ETF (BABS)		309
SPDR DB International Government Inflation-Protected Bond ETF (WIP)		313
SPDR Barclays Short Term International Treasury Bond ETF (BWZ)		315
SPDR Barclays International Treasury Bond ETF (BWX)		318

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
AEROSPACE & DEFENSE — 2.6%
AAR Corp.		1,087	$	28,208
Aerovironment, Inc. (a)		494		19,884
Alliant Techsystems, Inc. (b)		889		126,371
American Science & Engineering, Inc.		198		13,300
Astronics Corp. (a)		474		30,056
BE Aerospace, Inc. (a)		2,700		234,333
Cubic Corp.		593		30,285
Curtiss-Wright Corp.		1,284		81,585
DigitalGlobe, Inc. (a)(b)		2,073		60,138
Ducommun, Inc. (a)		296		7,418
Engility Holdings, Inc. (a)		468		21,083
Esterline Technologies Corp. (a)		889		94,714
Exelis, Inc.		5,175		98,377
GenCorp, Inc. (a)(b)		1,679		30,675
General Dynamics Corp.		8,401		915,037
HEICO Corp. (b)		1,853		111,476
Hexcel Corp. (a)		2,766		120,432
Honeywell International, Inc.		21,833		2,025,229
Huntington Ingalls Industries, Inc.		1,341		137,131
Kratos Defense & Security Solutions, Inc. (a)(b)		1,185		8,935
L-3 Communications Holdings, Inc.		2,517		297,384
LMI Aerospace, Inc. (a)(b)		296		4,174
Lockheed Martin Corp.		7,121		1,162,432
Moog, Inc. (Class A) (a)		1,284		84,115
National Presto Industries, Inc. (b)		115		8,975
Northrop Grumman Corp.		6,172		761,501
Orbital Sciences Corp. (a)		1,679		46,844
Precision Castparts Corp.		4,102		1,036,822
Raytheon Co.		8,927		881,898
Rockwell Collins, Inc.		3,735		297,567
Spirit Aerosystems Holdings, Inc. (Class A) (a)		3,260		91,899
Taser International, Inc. (a)		1,383		25,295
Teledyne Technologies, Inc. (a)		988		96,162
Textron, Inc.		7,648		300,490
The Boeing Co.		20,825		2,613,329
The Keyw Holding Corp. (a)(b)		889		16,633
TransDigm Group, Inc.		1,482		274,466
Triumph Group, Inc. (b)		1,383		89,314
United Technologies Corp.		25,267		2,952,196

				15,236,163

AIR FREIGHT & LOGISTICS — 0.6%
Air Transport Services Group, Inc. (a)		1,383		10,857
Atlas Air Worldwide Holdings, Inc. (a)		690		24,336
C.H. Robinson Worldwide, Inc. (b)		4,382		229,573
Echo Global Logistics, Inc. (a)(b)		494		9,050
Expeditors International of Washington, Inc.		5,724		226,842
FedEx Corp.		8,263		1,095,343
Forward Air Corp.		799		36,842
HUB Group, Inc. (Class A) (a)		988		39,510
Pacer International, Inc. (a)		988		8,853
Park-Ohio Holdings Corp. (a)		198		11,118
United Parcel Service, Inc. (Class B)		20,185		1,965,615
UTI Worldwide, Inc. (b)		2,499		26,464
XPO Logistics, Inc. (a)		1,506		44,292

				3,728,695

AIRLINES — 0.4%
Alaska Air Group, Inc.		1,976		184,381
Allegiant Travel Co.		395		44,212
American Airlines Group, Inc. (a)		5,060		185,196
Copa Holdings SA (Class A)		990		143,738
Delta Air Lines, Inc.		23,605		817,913
Hawaiian Holdings, Inc. (a)(b)		1,383		19,307
JetBlue Airways Corp. (a)(b)		6,392		55,546
Republic Airways Holdings, Inc. (a)		1,334		12,193
SkyWest, Inc.		1,383		17,647
Southwest Airlines Co.		19,900		469,839
Spirit Airlines, Inc. (a)		1,679		99,733
United Continental Holdings, Inc. (a)		10,231		456,609

				2,506,314

AUTO COMPONENTS — 0.5%
Allison Transmission Holdings, Inc.		988		29,581
American Axle & Manufacturing Holdings, Inc. (a)		1,891		35,021
BorgWarner, Inc.		6,409		393,961
Cooper Tire & Rubber Co. (b)		1,778		43,205
Dana Holding Corp.		4,050		94,243
Delphi Automotive PLC		8,594		583,189
Dorman Products, Inc. (a)(b)		690		40,751
Drew Industries, Inc.		593		32,141
Fuel Systems Solutions, Inc. (a)(b)		395		4,250
Gentex Corp.		3,931		123,944
Gentherm, Inc. (a)		889		30,866
Johnson Controls, Inc.		18,887		893,733
Lear Corp.		2,068		173,133
Modine Manufacturing Co. (a)		1,301		19,060
Remy International, Inc.		395		9,330
Spartan Motors, Inc. (b)		988		5,078
Standard Motor Products, Inc.		593		21,212
Stoneridge, Inc. (a)		790		8,872
Superior Industries International, Inc. (b)		593		12,151
Tenneco, Inc. (a)		1,679		97,500
The Goodyear Tire & Rubber Co.		6,813		178,024
TRW Automotive Holdings Corp. (a)		2,964		241,922
Visteon Corp. (a)		1,383		122,312

				3,193,479

AUTOMOBILES — 0.7%
Ford Motor Co.		107,323		1,674,239
General Motors Co.		34,317		1,181,191
Harley-Davidson, Inc.		6,128		408,186
Tesla Motors, Inc. (a)(b)		2,373		494,652
Thor Industries, Inc.		1,190		72,661
Winnebago Industries, Inc. (a)		790		21,638

				3,852,567

BANKS — 6.0%
1st Source Corp.		395		12,676
1st United Bancorp, Inc.		790		6,051
Ameris Bancorp (a)		690		16,077
Ames National Corp.		296		6,524
Associated Banc-Corp.		4,643		83,853
Bancfirst Corp.		198		11,213
Banco Latinoamericano de Comercio Exterior SA		790		20,864
Bancorp, Inc. (a)		889		16,722

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

BancorpSouth, Inc. (b)		2,667	$	66,568
Bank of America Corp.		298,513		5,134,424
Bank of Hawaii Corp.		1,267		76,793
Bank of Marin Bancorp (b)		198		8,914
Bank of the Ozarks, Inc. (b)		889		60,505
BankUnited, Inc.		1,778		61,821
Banner Corp.		503		20,729
BB&T Corp.		19,315		775,884
BBCN Bancorp, Inc.		2,166		37,125
BNC Bancorp (b)		494		8,561
BOK Financial Corp. (b)		690		47,644
Boston Private Financial Holdings, Inc.		2,173		29,401
Bridge Bancorp, Inc.		296		7,906
Bryn Mawr Bank Corp.		395		11,348
Camden National Corp. (b)		198		8,158
Capital Bank Financial Corp. (Class A) (a)		690		17,326
CapitalSource, Inc.		5,380		78,494
Cardinal Financial Corp.		790		14,086
Cathay General Bancorp		2,041		51,413
Centerstate Banks, Inc.		811		8,856
Central Pacific Financial Corp.		593		11,979
Chemical Financial Corp.		790		25,636
CIT Group, Inc.		5,553		272,208
Citigroup, Inc.		84,273		4,011,395
Citizens & Northern Corp. (b)		296		5,834
City Holding Co. (b)		395		17,720
City National Corp.		1,284		101,076
CNB Financial Corp.		296		5,233
CoBiz Financial, Inc.		988		11,382
Columbia Banking System, Inc.		1,422		40,555
Comerica, Inc.		5,094		263,869
Commerce Bancshares, Inc.		2,177		101,056
Community Bank System, Inc. (b)		1,087		42,415
Community Trust Bancorp, Inc.		395		16,385
Cullen/Frost Bankers, Inc.		1,482		114,899
Customers Bancorp, Inc. (a)(b)		593		12,376
CVB Financial Corp. (b)		2,577		40,974
Eagle Bancorp, Inc. (a)		593		21,407
East West Bancorp, Inc.		4,212		153,738
Enterprise Financial Services Corp.		494		9,915
F.N.B. Corp. (b)		3,981		53,345
Fifth Third Bancorp		24,067		552,338
Financial Institutions, Inc.		395		9,093
First Bancorp		541		10,279
First BanCorp- Puerto Rico (a)(b)		1,976		10,749
First Busey Corp.		1,976		11,461
First Citizens BancShares, Inc. (Class A)		198		47,668
First Commonwealth Financial Corp.		2,715		24,544
First Community Bancshares, Inc.		494		8,082
First Connecticut Bancorp, Inc. (b)		494		7,736
First Financial Bancorp		1,622		29,164
First Financial Bankshares, Inc. (b)		889		54,931
First Financial Corp.		296		9,969
First Financial Holdings, Inc.		702		43,959
First Horizon National Corp.		6,646		82,012
First Interstate Bancsystem, Inc.		494		13,941
First Merchants Corp.		825		17,853
First Midwest Bancorp, Inc.		2,073		35,407
First Niagara Financial Group, Inc.		9,734		91,986
First Republic Bank		3,161		170,662
FirstMerit Corp.		4,544		94,652
Flushing Financial Corp.		889		18,731
Fulton Financial Corp.		5,333		67,089
German American Bancorp, Inc. (b)		395		11,412
Glacier Bancorp, Inc.		1,976		57,442
Great Southern Bancorp, Inc. (b)		296		8,889
Hancock Holding Co.		2,371		86,897
Hanmi Financial Corp.		889		20,714
Heartland Financial USA, Inc. (b)		395		10,661
Heritage Financial Corp. (b)		395		6,683
Home Bancshares, Inc.		1,284		44,195
HomeTrust Bancshares, Inc. (a)(b)		593		9,358
Hudson Valley Holding Corp.		494		9,411
Huntington Bancshares, Inc.		23,065		229,958
IBERIABANK Corp.		790		55,418
Independent Bank Corp.-Massachusetts		602		23,701
International Bancshares Corp.		1,431		35,889
Investors Bancorp, Inc.		1,284		35,490
JPMorgan Chase & Co.		104,641		6,352,755
KeyCorp		25,333		360,742
Lakeland Bancorp, Inc.		790		8,888
M&T Bank Corp. (b)		3,570		433,041
MainSource Financial Group, Inc.		593		10,140
MB Financial, Inc.		1,523		47,152
Metro Bancorp, Inc. (a)		395		8,350
National Bankshares, Inc.		198		7,229
National Penn Bancshares, Inc.		3,196		33,398
NBT Bancorp, Inc.		1,185		28,985
OFG Bancorp		1,284		22,072
Old National Bancorp (b)		2,773		41,345
OmniAmerican Bancorp, Inc.		296		6,746
Pacific Continental Corp.		494		6,797
PacWest Bancorp (b)		1,075		46,236
Park National Corp. (b)		296		22,759
Park Sterling Corp.		1,185		7,880
Peoples Bancorp, Inc.		296		7,320
Pinnacle Financial Partners, Inc.		988		37,040
PNC Financial Services Group, Inc.		14,588		1,269,156
Popular, Inc. (a)		2,874		89,065
Preferred Bank (a)		296		7,684
PrivateBancorp, Inc.		1,778		54,247
Prosperity Bancshares, Inc. (b)		1,679		111,066
Regions Financial Corp.		38,900		432,179
Renasant Corp. (b)		1,300		37,765
Republic Bancorp, Inc. (Class A)		296		6,690
S&T Bancorp, Inc. (b)		790		18,723
S.Y. Bancorp, Inc.		395		12,498
Sandy Spring Bancorp, Inc.		662		16,537
Signature Bank (a)		1,284		161,258
Simmons First National Corp.		445		16,585
Southside Bancshares, Inc.		494		15,502
Southwest Bancorp, Inc.		494		8,724
State Bank Financial Corp.		889		15,726
Sterling Bancorp		2,306		29,194
Sterling Financial Corp.		889		29,630
Suffolk Bancorp (a)(b)		296		6,601
SunTrust Banks, Inc.		14,851		590,921
Susquehanna Bancshares, Inc.		5,101		58,100
SVB Financial Group (a)		1,284		165,354
Synovus Financial Corp.		28,208		95,625

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Taylor Capital Group, Inc. (a)(b)		494	$	11,816
TCF Financial Corp.		4,544		75,703
Texas Capital Bancshares, Inc. (a)(b)		1,087		70,590
The First of Long Island Corp. (b)		198		8,041
The National Bank Holdings Corp. (Class A)		1,482		29,744
Tompkins Financial Corp.		395		19,339
TowneBank (b)		690		10,702
Trico Bancshares (b)		395		10,242
Trustmark Corp.		1,886		47,810
U.S. Bancorp		50,670		2,171,716
UMB Financial Corp. (b)		1,193		77,187
Umpqua Holdings Corp. (b)		3,081		57,430
Union First Market Bankshares Corp.		1,793		45,578
United Bankshares, Inc.		1,769		54,167
United Community Banks, Inc. (a)		1,231		23,894
Univest Corp. of Pennsylvania		494		10,137
Valley National Bancorp (b)		5,532		57,588
ViewPoint Financial Group		1,087		31,360
Washington Banking Co.		395		7,023
Washington Trust Bancorp, Inc. (b)		395		14,801
Webster Financial Corp.		2,470		76,718
Wells Fargo & Co.		133,590		6,644,767
WesBanco, Inc.		690		21,963
West Bancorporation, Inc. (b)		395		6,000
Westamerica Bancorporation (b)		790		42,723
Western Alliance Bancorp (a)		2,085		51,291
Wilshire Bancorp, Inc.		1,731		19,214
Wintrust Financial Corp.		988		48,076
Yadkin Financial Corp. (a)		395		8,457
Zions Bancorporation		5,104		158,122

				34,741,661

BEVERAGES — 1.7%
Beam, Inc.		4,426		368,686
Boston Beer Co., Inc. (Class A) (a)(b)		300		73,419
Brown-Forman Corp. (Class B)		4,149		372,124
Coca-Cola Enterprises, Inc.		7,546		360,397
Coca-Cola Hellenic Bottling Co.		99		8,413
Constellation Brands, Inc. (Class A) (a)		4,230		359,423
Dr. Pepper Snapple Group, Inc.		5,613		305,684
Molson Coors Brewing Co. (Class B)		3,889		228,906
Monster Beverage Corp. (a)		3,695		256,618
National Beverage Corp. (a)(b)		296		5,775
PepsiCo, Inc.		42,884		3,580,814
The Coca-Cola Co.		105,950		4,096,027

				10,016,286

BIOTECHNOLOGY — 2.5%
ACADIA Pharmaceuticals, Inc. (a)(b)		1,976		48,076
Achillion Pharmaceuticals, Inc. (a)(b)		2,667		8,774
Acorda Therapeutics, Inc. (a)		1,080		40,943
Aegerion Pharmaceuticals, Inc. (a)(b)		790		36,435
Alexion Pharmaceuticals, Inc. (a)		5,460		830,630
Alkermes PLC (a)		3,997		176,228
Alnylam Pharmaceuticals, Inc. (a)		1,620		108,767
AMAG Pharmaceuticals, Inc. (a)(b)		575		11,126
Amgen, Inc.		20,594		2,540,064
Arena Pharmaceuticals, Inc. (a)(b)		6,026		37,964
ARIAD Pharmaceuticals, Inc. (a)(b)		5,137		41,404
Array BioPharma, Inc. (a)(b)		3,260		15,322
Biogen Idec, Inc. (a)		6,571		2,009,872
BioMarin Pharmaceutical, Inc. (a)		3,782		257,970
Celgene Corp. (a)		11,572		1,615,451
Celldex Therapeutics, Inc. (a)(b)		2,972		52,515
Cepheid, Inc. (a)(b)		1,877		96,816
Chelsea Therapeutics International, Ltd. (a)(b)		1,873		10,339
ChemoCentryx, Inc. (a)(b)		690		4,575
Chimerix, Inc. (a)		198		4,522
Clovis Oncology, Inc. (a)		695		48,143
Cubist Pharmaceuticals, Inc. (a)(b)		1,781		130,280
Curis, Inc. (a)		2,173		6,128
Cytokinetics, Inc. (a)(b)		690		6,555
Dendreon Corp. (a)(b)		4,363		13,045
Dyax Corp. (a)		2,964		26,617
Dynavax Technologies Corp. (a)(b)		5,038		9,068
Emergent Biosolutions, Inc. (a)(b)		790		19,963
Exact Sciences Corp. (a)(b)		1,778		25,194
Exelixis, Inc. (a)(b)		5,038		17,835
Genomic Health, Inc. (a)(b)		494		13,012
Geron Corp. (a)(b)		3,556		7,396
Gilead Sciences, Inc. (a)		42,334		2,999,787
Halozyme Therapeutics, Inc. (a)(b)		2,470		31,369
Idenix Pharmaceuticals, Inc. (a)(b)		2,766		16,679
ImmunoGen, Inc. (a)(b)		2,371		35,399
Immunomedics, Inc. (a)(b)		1,976		8,319
Incyte Corp. (a)		2,794		149,535
Infinity Pharmaceuticals, Inc. (a)(b)		1,284		15,267
Insmed, Inc. (a)(b)		790		15,042
Intercept Pharmaceuticals, Inc. (a)(b)		198		65,298
InterMune, Inc. (a)(b)		2,218		74,236
Ironwood Pharmaceuticals, Inc. (a)(b)		2,568		31,638
Isis Pharmaceuticals, Inc. (a)(b)		3,125		135,031
Keryx Biopharmaceuticals, Inc. (a)(b)		2,272		38,715
KYTHERA Biopharmaceuticals, Inc. (a)(b)		296		11,769
Lexicon Pharmaceuticals, Inc. (a)(b)		6,222		10,764
Ligand Pharmaceuticals, Inc. (Class B) (a)(b)		494		33,226
MannKind Corp. (a)(b)		4,050		16,281
Medivation, Inc. (a)(b)		2,069		133,182
Merrimack Pharmaceuticals, Inc. (a)(b)		2,470		12,449
MiMedx Group, Inc. (a)(b)		2,272		13,927
Momenta Pharmaceuticals, Inc. (a)		1,284		14,959
Myriad Genetics, Inc. (a)(b)		2,200		75,218
Navidea Biopharmaceuticals, Inc. (a)(b)		3,260		6,031
Neurocrine Biosciences, Inc. (a)(b)		1,883		30,316
NewLink Genetics Corp. (a)(b)		494		14,030
Novavax, Inc. (a)(b)		7,422		33,622
NPS Pharmaceuticals, Inc. (a)(b)		2,766		82,786
OPKO Health, Inc. (a)(b)		6,583		61,354
Orexigen Therapeutics, Inc. (a)(b)		2,568		16,692
PDL BioPharma, Inc. (b)		3,842		31,927
Peregrine Pharmaceuticals, Inc. (a)(b)		3,754		7,133
Pharmacyclics, Inc. (a)		1,581		158,448
Portola Pharmaceuticals, Inc. (a)(b)		296		7,666
Progenics Pharmaceuticals, Inc. (a)(b)		1,383		5,656
Puma Biotechnology, Inc. (a)		593		61,755
Raptor Pharmaceutical Corp. (a)		1,482		14,820

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Regeneron Pharmaceuticals, Inc. (a)		2,223	$	667,522
Repligen Corp. (a)(b)		889		11,433
Rigel Pharmaceuticals, Inc. (a)		2,371		9,199
Sangamo Biosciences, Inc. (a)(b)		1,482		26,795
Sarepta Therapeutics, Inc. (a)(b)		868		20,858
Seattle Genetics, Inc. (a)(b)		2,766		126,019
SIGA Technologies, Inc. (a)(b)		1,015		3,146
Spectrum Pharmaceuticals, Inc. (a)(b)		1,627		12,756
Stemline Therapeutics, Inc. (a)(b)		296		6,027
Synageva BioPharma Corp. (a)(b)		494		40,987
Synergy Pharmaceuticals, Inc. (a)(b)		2,173		11,539
Synta Pharmaceuticals Corp. (a)(b)		1,087		4,685
TESARO, Inc. (a)(b)		395		11,645
Theravance, Inc. (a)(b)		2,584		79,949
Threshold Pharmaceuticals, Inc. (a)(b)		1,284		6,112
Trius Therapeutics, Inc. (a)(c)		976		0
United Therapeutics Corp. (a)(b)		1,284		120,734
Vanda Pharmaceuticals, Inc. (a)		790		12,837
Verastem, Inc. (a)(b)		395		4,262
Vertex Pharmaceuticals, Inc. (a)		6,605		467,106
Vical, Inc. (a)(b)		2,073		2,674
XOMA Corp. (a)		1,679		8,748

				14,396,388

BUILDING PRODUCTS — 0.2%
A.O. Smith Corp.		2,173		100,001
AAON, Inc. (b)		790		22,017
Allegion PLC		2,732		142,528
American Woodmark Corp. (a)		296		9,963
Apogee Enterprises, Inc.		790		26,252
Armstrong World Industries, Inc. (a)		790		42,068
Builders FirstSource, Inc. (a)(b)		1,230		11,205
Fortune Brands Home & Security, Inc.		4,526		190,454
Gibraltar Industries, Inc. (a)		889		16,775
Griffon Corp.		1,185		14,149
Insteel Industries, Inc.		494		9,717
Lennox International, Inc.		1,383		125,729
Masco Corp.		9,817		218,036
NCI Building Systems, Inc. (a)		593		10,354
Nortek, Inc. (a)		296		24,334
Owens Corning		3,260		140,734
PGT, Inc. (a)		889		10,232
Ply Gem Holdings, Inc. (a)(b)		395		4,989
Quanex Building Products Corp. (b)		974		20,142
Simpson Manufacturing Co., Inc.		1,123		39,676
Trex Co., Inc. (a)		494		36,141
Universal Forest Products, Inc. (b)		593		32,817
USG Corp. (a)		2,155		70,512

				1,318,825

CAPITAL MARKETS — 2.2%
Affiliated Managers Group, Inc. (a)		1,496		299,275
Ameriprise Financial, Inc.		5,576		613,750
Arlington Asset Investment Corp. (Class A) (b)		395		10,460
Artisan Partners Asset Management, Inc.		395		25,379
BGC Partners, Inc. (Class A)		3,456		22,602
BlackRock, Inc.		3,649		1,147,538
Calamos Asset Management, Inc. (Class A)		593		7,668
Cohen & Steers, Inc. (b)		494		19,686
Cowen Group, Inc. (Class A) (a)		2,667		11,761
Diamond Hill Investment Group, Inc. (b)		43		5,652
E*TRADE Financial Corp. (a)		7,902		181,904
Eaton Vance Corp.		3,282		125,241
Evercore Partners, Inc. (Class A)		889		49,117
FBR & Co. (a)		198		5,114
Federated Investors, Inc. (Class B) (b)		2,509		76,625
Financial Engines, Inc. (b)		1,383		70,229
Franklin Resources, Inc.		11,334		614,076
FXCM, Inc. (Class A) (b)		988		14,593
GAMCO Investors, Inc. (Class A)		198		15,375
GFI Group, Inc.		1,877		6,663
Greenhill & Co., Inc. (b)		790		41,064
HFF, Inc. (Class A)		889		29,879
ICG Group, Inc. (a)		1,087		22,197
Intl. FCStone, Inc. (a)(b)		435		8,182
Invesco, Ltd.		12,254		453,398
Investment Technology Group, Inc. (a)		988		19,958
Janus Capital Group, Inc. (b)		4,136		44,958
KCG Holdings, Inc. (Class A) (a)(b)		2,002		23,884
Ladenburg Thalmann Financial Services, Inc. (a)(b)		2,865		8,652
Lazard, Ltd. (Class A)		3,556		167,452
Legg Mason, Inc. (b)		3,053		149,719
LPL Investment Holdings, Inc.		1,581		83,066
Manning & Napier, Inc.		395		6,624
Morgan Stanley		41,951		1,307,613
Northern Trust Corp.		6,622		434,138
Piper Jaffray Co., Inc. (a)		494		22,625
Raymond James Financial, Inc.		3,325		185,967
Safeguard Scientifics, Inc. (a)(b)		593		13,153
SEI Investments Co.		3,978		133,701
State Street Corp. (d)		11,928		829,592
Stifel Financial Corp. (a)		1,799		89,518
T. Rowe Price Group, Inc.		7,160		589,626
TD Ameritrade Holding Corp.		6,433		218,400
The Bank of New York Mellon Corp.		32,529		1,147,948
The Charles Schwab Corp.		30,217		825,831
The Goldman Sachs Group, Inc.		12,700		2,080,895
Virtus Investment Partners, Inc. (a)		198		34,288
Waddell & Reed Financial, Inc. (Class A)		2,320		170,798
Walter Investment Management Corp. (a)(b)		1,011		30,158
Westwood Holdings Group, Inc. (b)		198		12,413
WisdomTree Investments, Inc. (a)(b)		2,766		36,290

				12,544,695

CHEMICALS — 2.4%
A. Schulman, Inc.		790		28,645
Advanced Emissions Solutions, Inc. (a)		592		14,528
Air Products & Chemicals, Inc.		5,717		680,552
Airgas, Inc.		1,775		189,055
Albemarle Corp.		2,371		157,482
American Vanguard Corp. (b)		790		17,104
Ashland, Inc.		2,211		219,950
Axiall Corp.		1,877		84,315
Balchem Corp.		790		41,175
Cabot Corp.		1,756		103,709
Calgon Carbon Corp. (a)		1,461		31,894
Celanese Corp. (Series A)		4,384		243,356

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

CF Industries Holdings, Inc.		1,630	$	424,843
Chemtura Corp. (a)		2,667		67,448
Cytec Industries, Inc.		1,185		115,668
E. I. du Pont de Nemours & Co.		25,620		1,719,102
Eastman Chemical Co.		4,257		366,996
Ecolab, Inc.		7,244		782,280
Ferro Corp. (a)		1,976		26,992
Flotek Industries, Inc. (a)(b)		1,284		35,759
FMC Corp.		3,774		288,937
FutureFuel Corp. (b)		593		12,038
H.B. Fuller Co.		1,383		66,771
Hawkins, Inc. (b)		296		10,875
Huntsman Corp.		5,333		130,232
Innophos Holdings, Inc.		593		33,623
Innospec, Inc.		690		31,209
International Flavors & Fragrances, Inc.		2,272		217,362
Intrepid Potash, Inc. (a)(b)		1,482		22,912
Koppers Holdings, Inc.		593		24,449
Kraton Performance Polymers, Inc. (a)		889		23,238
Kronos Worldwide, Inc. (b)		593		9,891
Landec Corp. (a)		690		7,700
LSB Industries, Inc. (a)(b)		494		18,486
LyondellBasell Industries NV		10,620		944,543
Minerals Technologies, Inc.		988		63,785
Monsanto Co.		14,899		1,695,059
NewMarket Corp. (b)		296		115,671
Olin Corp. (b)		2,173		59,997
OM Group, Inc.		889		29,533
Omnova Solutions, Inc. (a)		1,284		13,328
PolyOne Corp.		2,766		101,402
Praxair, Inc.		8,177		1,070,942
Quaker Chemical Corp. (b)		395		31,138
Rockwood Holdings, Inc.		2,173		161,671
RPM International, Inc.		3,655		152,925
Sensient Technologies Corp.		1,383		78,015
Sigma-Aldrich Corp.		3,321		310,115
Stepan Co.		555		35,831
Taminco Corp. (a)		395		8,299
The Dow Chemical Co.		33,812		1,642,925
The Mosaic Co.		8,245		412,250
The Scotts Miracle-Gro Co. (Class A)		1,185		72,617
The Sherwin-Williams Co.		2,477		488,291
Tredegar Corp.		690		15,877
Valspar Corp.		2,470		178,136
W.R. Grace & Co. (a)		2,073		205,579
Westlake Chemical Corp.		1,186		78,490
Zep, Inc.		593		10,496

				14,225,491

COMMERCIAL SERVICES & SUPPLIES — 0.6%
ABM Industries, Inc.		1,482		42,593
ACCO Brands Corp. (a)(b)		3,114		19,182
Avery Dennison Corp.		2,756		139,647
Ceco Environmental Corp. (b)		427		7,084
Cintas Corp. (b)		2,869		171,021
Clean Harbors, Inc. (a)(b)		1,679		91,992
Copart, Inc. (a)		3,062		111,426
Courier Corp.		317		4,882
Covanta Holding Corp. (b)		2,956		53,356
Deluxe Corp.		1,383		72,566
EnerNOC, Inc. (a)		690		15,373
Ennis, Inc.		754		12,494
G & K Services, Inc. (Class A)		494		30,218
Healthcare Services Group, Inc. (b)		1,877		54,546
Herman Miller, Inc.		1,586		50,958
HNI Corp. (b)		1,284		46,943
Innerworkings, Inc. (a)(b)		1,185		9,077
Interface, Inc.		1,679		34,503
Iron Mountain, Inc.		4,705		129,717
KAR Auction Services, Inc.		2,073		62,916
Knoll, Inc.		1,284		23,356
McGrath Rentcorp		690		24,122
Mobile Mini, Inc.		1,087		47,132
MSA Safety, Inc.		790		45,030
Multi-Color Corp. (b)		296		10,360
Performant Financial Corp. (a)(b)		593		5,367
Pitney Bowes, Inc. (b)		5,588		145,232
Quad Graphics, Inc.		690		16,181
R.R. Donnelley & Sons Co.		5,308		95,013
Republic Services, Inc.		7,448		254,424
Rollins, Inc.		1,778		53,767
Schawk, Inc.		395		7,896
SP Plus Corp. (a)		395		10,377
Steelcase, Inc. (Class A)		2,371		39,382
Stericycle, Inc. (a)		2,410		273,824
Team, Inc. (a)(b)		593		25,416
Tetra Tech, Inc. (a)		1,778		52,611
The ADT Corp. (b)		4,560		136,572
The Brink’s Co.		1,284		36,658
The Geo Group, Inc.		1,976		63,706
UniFirst Corp.		395		43,426
United Stationers, Inc.		1,087		44,643
US Ecology, Inc.		494		18,337
Viad Corp.		593		14,256
Waste Connections, Inc.		3,404		149,299
Waste Management, Inc.		12,868		541,357
West Corp. (b)		593		14,191

				3,352,429

COMMUNICATIONS EQUIPMENT — 1.7%
ADTRAN, Inc. (b)		1,679		40,984
Arris Group, Inc. (a)		3,220		90,740
Aruba Networks, Inc. (a)(b)		3,161		59,269
Black Box Corp.		395		9,614
Brocade Communications Systems, Inc. (a)		12,186		129,293
CalAmp Corp. (a)(b)		988		27,536
Calix, Inc. (a)		1,087		9,163
Ciena Corp. (a)(b)		2,841		64,604
Cisco Systems, Inc.		148,037		3,317,509
CommScope Holding Co., Inc. (a)		1,114		27,494
Comtech Telecommunications Corp.		503		16,026
Digi International, Inc. (a)		690		7,004
EchoStar Corp. (Class A) (a)		1,113		52,934
Emulex Corp. (a)		2,550		18,845
Extreme Networks, Inc. (a)		2,568		14,894
F5 Networks, Inc. (a)		2,168		231,174
Finisar Corp. (a)(b)		2,586		68,555
Harmonic, Inc. (a)		3,088		22,048
Harris Corp.		3,040		222,406
Infinera Corp. (a)(b)		3,161		28,702
InterDigital, Inc. (b)		1,138		37,679
Ixia (a)		1,581		19,762

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

JDS Uniphase Corp. (a)		6,399	$	89,586
Juniper Networks, Inc. (a)		13,982		360,176
KVH Industries, Inc. (a)		395		5,198
Motorola Solutions, Inc.		6,010		386,383
Netgear, Inc. (a)(b)		1,087		36,665
Oplink Communications, Inc. (a)		494		8,872
Palo Alto Networks, Inc. (a)(b)		889		60,985
Parkervision, Inc. (a)(b)		2,470		11,856
Plantronics, Inc.		1,169		51,962
Polycom, Inc. (a)		4,716		64,704
Procera Networks, Inc. (a)(b)		593		6,161
QUALCOMM, Inc.		47,936		3,780,233
Riverbed Technology, Inc. (a)		4,493		88,557
Ruckus Wireless, Inc. (a)		1,185		14,410
ShoreTel, Inc. (a)		1,581		13,597
Sonus Networks, Inc. (a)		5,927		19,974
Ubiquiti Networks, Inc. (a)		395		17,961
ViaSat, Inc. (a)(b)		1,087		75,046

				9,608,561

CONSTRUCTION & ENGINEERING — 0.3%
Aecom Technology Corp. (a)		2,864		92,135
Aegion Corp. (a)(b)		1,087		27,512
Argan, Inc.		395		11,743
Chicago Bridge & Iron Co. NV		2,766		241,057
Comfort Systems USA, Inc.		988		15,057
Dycom Industries, Inc. (a)		889		28,101
EMCOR Group, Inc.		1,897		88,761
Fluor Corp.		4,483		348,464
Furmanite Corp. (a)		988		9,702
Granite Construction, Inc. (b)		1,087		43,404
Great Lakes Dredge & Dock Corp. (a)		1,679		15,329
Jacobs Engineering Group, Inc. (a)		3,580		227,330
KBR, Inc.		4,025		107,387
Layne Christensen Co. (a)(b)		593		10,787
Mastec, Inc. (a)(b)		1,679		72,936
MYR Group, Inc. (a)		593		15,015
Northwest Pipe Co. (a)(b)		296		10,703
Orion Marine Group, Inc. (a)		790		9,930
Pike Corp. (a)		690		7,424
Primoris Services Corp.		988		29,620
Quanta Services, Inc. (a)		5,709		210,662
Tutor Perini Corp. (a)		988		28,326
URS Corp. (b)		2,111		99,344

				1,750,729

CONSTRUCTION MATERIALS — 0.1%
Eagle Materials, Inc.		1,403		124,390
Headwaters, Inc. (a)		1,976		26,103
Martin Marietta Materials, Inc. (b)		1,430		183,540
Texas Industries, Inc. (a)(b)		593		53,145
US Concrete, Inc. (a)(b)		395		9,282
Vulcan Materials Co.		3,606		239,619

				636,079

CONSUMER FINANCE — 0.9%
American Express Co.		26,014		2,342,040
Capital One Financial Corp.		16,111		1,243,125
Cash America International, Inc. (b)		790		30,589
Credit Acceptance Corp. (a)		198		28,146
DFC Global Corp. (a)(b)		1,087		9,598
Discover Financial Services		13,485		784,692
Encore Capital Group, Inc. (a)(b)		690		31,533
Ezcorp, Inc. (Class A) (a)		1,383		14,923
First Cash Financial Services, Inc. (a)		790		39,863
Green Dot Corp. (Class A) (a)(b)		690		13,476
Nelnet, Inc. (Class A)		593		24,254
Portfolio Recovery Associates, Inc. (a)(b)		1,482		85,748
Santander Consumer USA Holdings, Inc. (a)		2,900		69,832
SLM Corp.		12,276		300,516
World Acceptance Corp. (a)(b)		296		22,224

				5,040,559

CONTAINERS & PACKAGING — 0.3%
AEP Industries, Inc. (a)		99		3,673
AptarGroup, Inc.		1,877		124,070
Ball Corp.		4,050		221,981
Bemis Co., Inc.		2,865		112,423
Berry Plastics Group, Inc. (a)		1,482		34,308
Crown Holdings, Inc. (a)		3,994		178,692
Graphic Packaging Holding Co. (a)		5,828		59,212
Greif, Inc. (Class A)		889		46,664
MeadWestvaco Corp.		4,832		181,876
Myers Industries, Inc.		790		15,737
Owens-Illinois, Inc. (a)		4,550		153,927
Packaging Corp. of America		2,667		187,677
Rock-Tenn Co. (Class A)		1,976		208,606
Sealed Air Corp.		5,389		177,136
Silgan Holdings, Inc.		1,185		58,681
Sonoco Products Co.		2,766		113,461

				1,878,124

DISTRIBUTORS — 0.1%
Core-Mark Holding Co., Inc.		296		21,490
Genuine Parts Co.		4,283		371,978
LKQ Corp. (a)		8,243		217,203
Pool Corp.		1,257		77,079
VOXX International Corp. (a)		494		6,758

				694,508

DIVERSIFIED CONSUMER SERVICES — 0.2%
American Public Education, Inc. (a)(b)		494		17,330
Apollo Education Group, Inc. (a)		2,652		90,804
Ascent Capital Group Inc (Class A) (a)(b)		401		30,296
Bridgepoint Education, Inc. (a)(b)		494		7,356
Bright Horizons Family Solutions, Inc. (a)		296		11,577
Capella Education Co. (b)		336		21,218
Career Education Corp. (a)(b)		1,489		11,108
Carriage Services, Inc. (b)		395		7,205
Corinthian Colleges, Inc. (a)(b)		2,138		2,950
DeVry Education Group, Inc.		1,771		75,073
Graham Holdings Co. (Class B)		99		69,671
Grand Canyon Education, Inc. (a)		1,284		59,963
H&R Block, Inc.		7,471		225,549
Hillenbrand, Inc.		1,482		47,913
ITT Educational Services, Inc. (a)(b)		689		19,761
K12, Inc. (a)(b)		790		17,893
LifeLock, Inc. (a)(b)		1,679		28,728

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Matthews International Corp. (Class A)		790	$	32,240
Regis Corp. (b)		1,284		17,591
Service Corp. International		5,798		115,264
Sotheby’s (b)		1,879		81,830
Steiner Leisure, Ltd. (a)		395		18,269
Strayer Education, Inc. (a)		308		14,300
Universal Technical Institute, Inc.		593		7,679
Weight Watchers International, Inc. (b)		790		16,227

				1,047,795

DIVERSIFIED FINANCIAL SERVICES — 1.5%
Berkshire Hathaway, Inc. (Class B) (a)		49,788		6,222,006
CBOE Holdings, Inc.		2,371		134,199
CME Group, Inc.		8,731		646,181
ING US, Inc.		2,073		75,188
Interactive Brokers Group, Inc. (Class A)		1,284		27,824
IntercontinentalExchange Group, Inc.		3,237		640,376
Leucadia National Corp.		8,140		227,920
MarketAxess Holdings, Inc.		988		58,509
Moody’s Corp.		5,373		426,186
MSCI, Inc. (Class A) (a)		3,338		143,601
NewStar Financial, Inc. (a)(b)		690		9,564
PHH Corp. (a)(b)		1,570		40,569
Pico Holdings, Inc. (a)		593		15,412
The NASDAQ OMX Group, Inc.		3,065		113,221

				8,780,756

DIVERSIFIED TELECOMMUNICATION SERVICES — 2.1%
8x8, Inc. (a)(b)		1,976		21,361
AT&T, Inc.		148,902		5,221,993
Atlantic Tele-Network, Inc.		296		19,512
Cbeyond, Inc. (a)		690		5,003
CenturyLink, Inc. (b)		16,775		550,891
Cincinnati Bell, Inc. (a)		5,728		19,819
Cogent Communications Group, Inc.		1,324		47,042
Consolidated Communications Holdings, Inc. (b)		1,132		22,651
Frontier Communications Corp. (b)		27,446		156,442
General Communication, Inc. (Class A) (a)(b)		889		10,144
Hawaiian Telcom Holdco, Inc. (a)(b)		296		8,433
IDT Corp. (Class B)		395		6,581
inContact, Inc. (a)(b)		1,482		14,227
Inteliquent, Inc.		889		12,917
Intelsat SA (a)		593		11,101
Iridium Communications, Inc. (a)(b)		1,778		13,353
Level 3 Communications, Inc. (a)		4,473		175,073
Lumos Networks Corp. (b)		395		5,281
magicJack VocalTec, Ltd. (a)(b)		494		10,488
Premiere Global Services, Inc. (a)		1,284		15,485
Straight Path Communications, Inc. (Class B) (a)(b)		198		1,457
tw telecom, Inc. (a)		4,121		128,822
Verizon Communications, Inc.		114,313		5,437,869
Vonage Holdings Corp. (a)		4,248		18,139
Windstream Holdings, Inc.		16,358		134,790

				12,068,874

ELECTRIC UTILITIES — 1.6%
ALLETE, Inc. (b)		1,087		56,981
American Electric Power Co., Inc.		13,409		679,300
Cleco Corp.		1,679		84,924
Duke Energy Corp.		19,475		1,387,009
Edison International		8,966		507,565
El Paso Electric Co.		1,087		38,838
Entergy Corp.		4,947		330,707
Exelon Corp.		23,621		792,721
FirstEnergy Corp.		11,557		393,285
Great Plains Energy, Inc.		4,248		114,866
Hawaiian Electric Industries, Inc. (b)		2,677		68,049
IDACORP, Inc. (b)		1,383		76,715
ITC Holdings Corp.		4,446		166,058
MGE Energy, Inc. (b)		941		36,915
NextEra Energy, Inc.		11,890		1,136,922
Northeast Utilities		8,640		393,120
NRG Yield, Inc. (Class A) (b)		607		23,995
OGE Energy Corp.		5,433		199,717
Otter Tail Corp. (b)		988		30,420
Pepco Holdings, Inc. (b)		6,886		141,025
Pinnacle West Capital Corp.		2,983		163,051
PNM Resources, Inc.		2,188		59,142
Portland General Electric Co. (b)		2,073		67,041
PPL Corp.		17,947		594,764
Southern Co. (b)		24,338		1,069,412
The Empire District Electric Co.		1,185		28,819
UIL Holdings Corp. (b)		1,889		69,534
Unitil Corp.		353		11,593
UNS Energy Corp. (b)		1,185		71,136
Westar Energy, Inc. (b)		3,065		107,765
Xcel Energy, Inc. (b)		13,684		415,446

				9,316,835

ELECTRICAL EQUIPMENT — 0.8%
Acuity Brands, Inc.		1,185		157,095
AMETEK, Inc.		6,716		345,807
AZZ, Inc. (b)		690		30,829
Brady Corp. (Class A)		1,284		34,861
Capstone Turbine Corp. (a)(b)		8,345		17,775
Eaton Corp. PLC		13,059		980,992
Emerson Electric Co.		20,082		1,341,477
Encore Wire Corp.		593		28,766
EnerSys (b)		1,284		88,968
Franklin Electric Co., Inc.		1,284		54,596
FuelCell Energy, Inc. (a)(b)		4,345		10,776
Generac Holdings, Inc.		1,383		81,555
General Cable Corp. (b)		1,367		35,009
Global Power Equipment Group, Inc.		494		9,826
GrafTech International, Ltd. (a)(b)		3,205		34,999
Hubbell, Inc. (Class B)		1,681		201,501
Polypore International, Inc. (a)(b)		1,284		43,926
Powell Industries, Inc.		296		19,181
Regal-Beloit Corp.		1,284		93,360
Rockwell Automation, Inc.		3,887		484,126
Roper Industries, Inc.		2,775		370,490
SolarCity Corp. (a)(b)		593		37,134
The Babcock & Wilcox Co. (b)		3,107		103,152
Thermon Group Holdings, Inc. (a)		790		18,312

				4,624,513

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.7%
Amphenol Corp. (Class A)		4,414	$	404,543
Anixter International, Inc.		790		80,201
Arrow Electronics, Inc. (a)		2,877		170,779
Avnet, Inc.		3,766		175,232
AVX Corp.		1,284		16,923
Badger Meter, Inc. (b)		395		21,765
Belden, Inc.		1,185		82,476
Benchmark Electronics, Inc. (a)		1,532		34,700
Checkpoint Systems, Inc. (a)		1,087		14,588
Cognex Corp. (a)		2,369		80,214
Coherent, Inc. (a)		690		45,092
Corning, Inc.		37,625		783,352
CTS Corp.		889		18,562
Daktronics, Inc.		988		14,217
Dolby Laboratories, Inc. (Class A) (a)(b)		1,243		55,313
DTS, Inc. (a)(b)		494		9,761
Electro Rent Corp. (b)		494		8,689
Electro Scientific Industries, Inc.		690		6,797
Fabrinet (a)		790		16,408
FARO Technologies, Inc. (a)		494		26,182
FEI Co.		1,285		132,381
FLIR Systems, Inc.		3,947		142,092
GSI Group, Inc. (a)		790		10,317
II-VI, Inc. (a)		1,383		21,340
Ingram Micro, Inc. (Class A) (a)		4,149		122,644
Insight Enterprises, Inc. (a)		1,185		29,755
InvenSense, Inc. (a)(b)		1,581		37,422
IPG Photonics Corp. (a)(b)		889		63,190
Itron, Inc. (a)(b)		1,044		37,104
Jabil Circuit, Inc.		5,586		100,548
Kemet Corp. (a)		1,284		7,460
Knowles Corp. (a)		2,435		76,873
Littelfuse, Inc.		593		55,529
Maxwell Technologies, Inc. (a)		790		10,207
Measurement Specialties, Inc. (a)		395		26,801
Mercury Computer Systems, Inc. (a)		889		11,744
Methode Electronics, Inc. (Class A)		988		30,292
Mettler-Toledo International, Inc. (a)		891		209,991
MTS Systems Corp. (b)		395		27,054
National Instruments Corp.		2,701		77,492
Newport Corp. (a)		1,087		22,479
OSI Systems, Inc. (a)(b)		593		35,497
Park Electrochemical Corp. (b)		593		17,713
Plexus Corp. (a)		988		39,589
RealD, Inc. (a)		1,087		12,142
Rofin-Sinar Technologies, Inc. (a)(b)		790		18,928
Rogers Corp. (a)		494		30,835
Sanmina Corp. (a)		2,242		39,123
Scansource, Inc. (a)		790		32,208
SYNNEX Corp. (a)		690		41,821
Tech Data Corp. (a)		1,069		65,166
Trimble Navigation, Ltd. (a)		7,049		273,995
TTM Technologies, Inc. (a)(b)		1,482		12,523
Universal Display Corp. (a)(b)		1,087		34,686
Vishay Intertechnology, Inc. (b)		3,621		53,880
Vishay Precision Group, Inc. (a)		352		6,118
Zebra Technologies Corp. (Class A) (a)		1,412		98,007
Zygo Corp. (a)(b)		494		7,504

				4,138,244

ENERGY EQUIPMENT & SERVICES — 1.8%
Atwood Oceanics, Inc. (a)		1,581		79,667
Baker Hughes, Inc.		12,141		789,408
Basic Energy Services, Inc. (a)(b)		811		22,229
Bristow Group, Inc.		988		74,614
C&J Energy Services, Inc. (a)(b)		1,284		37,441
Cal Dive International, Inc. (a)(b)		2,667		4,534
Cameron International Corp. (a)		5,885		363,516
CARBO Ceramics, Inc. (b)		593		81,828
Dawson Geophysical Co.		198		5,546
Diamond Offshore Drilling, Inc. (b)		1,860		90,694
Dresser-Rand Group, Inc. (a)		2,126		124,180
Dril-Quip, Inc. (a)		1,087		121,853
Era Group, Inc. (a)		593		17,381
Exterran Holdings, Inc.		1,626		71,349
FMC Technologies, Inc. (a)		6,543		342,133
Forum Energy Technologies, Inc. (a)		1,087		33,675
Frank’s International NV		1,417		35,113
Geospace Technologies Corp. (a)(b)		395		26,137
Gulf Island Fabrication, Inc.		395		8,536
Gulfmark Offshore, Inc. (Class A)		690		31,009
Halliburton Co.		23,431		1,379,852
Helix Energy Solutions Group, Inc. (a)		2,950		67,791
Helmerich & Payne, Inc.		2,568		276,214
Hercules Offshore, Inc. (a)(b)		4,345		19,944
Hornbeck Offshore Services, Inc. (a)(b)		988		41,308
ION Geophysical Corp. (a)(b)		3,706		15,602
Key Energy Services, Inc. (a)		4,149		38,337
Matrix Service Co. (a)		690		23,308
McDermott International, Inc. (a)(b)		6,558		51,284
Mitcham Industries, Inc. (a)		395		5,506
Nabors Industries, Ltd.		8,113		199,985
National Oilwell Varco, Inc.		11,935		929,378
Natural Gas Services Group, Inc. (a)		296		8,921
Newpark Resources, Inc. (a)(b)		2,371		27,148
Nuverra Environmental Solutions, Inc. (a)(b)		395		8,015
Oceaneering International, Inc.		3,015		216,658
Oil States International, Inc. (a)		1,482		146,125
Parker Drilling Co. (a)		3,260		23,113
Patterson-UTI Energy, Inc.		4,051		128,336
PHI, Inc. (a)(b)		395		17,475
Pioneer Energy Services Corp. (a)		1,679		21,743
RigNet, Inc. (a)		296		15,934
Rowan Cos. PLC (a)		3,431		115,556
RPC, Inc. (b)		1,778		36,307
Schlumberger, Ltd.		36,889		3,596,677
SEACOR Holdings, Inc. (a)(b)		593		51,247
Seadrill, Ltd. (b)		9,780		343,865
Superior Energy Services, Inc.		4,401		135,375
Tesco Corp. (a)		790		14,615
Tetra Technologies, Inc. (a)		2,173		27,814
TGC Industries, Inc. (a)		569		3,386
Tidewater, Inc.		1,371		66,658
Unit Corp. (a)		1,383		90,420
Vantage Drilling Co. (a)(b)		5,532		9,460

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Willbros Group, Inc. (a)		1,087	$	13,718

				10,527,918

FOOD & STAPLES RETAILING — 2.0%
Casey’s General Stores, Inc. (b)		1,087		73,470
Costco Wholesale Corp.		12,223		1,365,065
CVS Caremark Corp.		33,987		2,544,267
Fairway Group Holdings Corp. (a)(b)		395		3,018
Ingles Markets, Inc. (Class A)		395		9,409
Natural Grocers by Vitamin Cottage, Inc. (a)(b)		198		8,645
PriceSmart, Inc. (b)		494		49,859
Rite Aid Corp. (a)		20,151		126,347
Roundy’s, Inc. (b)		690		4,747
Safeway, Inc.		6,684		246,907
Spartan Stores, Inc.		948		22,003
Sprouts Farmers Market, Inc. (a)(b)		607		21,870
SUPERVALU, Inc. (a)(b)		5,547		37,942
Susser Holdings Corp. (a)		494		30,860
Sysco Corp.		16,365		591,267
The Andersons, Inc.		741		43,897
The Chefs’ Warehouse, Inc. (a)(b)		395		8,453
The Fresh Market, Inc. (a)(b)		1,087		36,523
The Kroger Co.		14,294		623,933
The Pantry, Inc. (a)		690		10,585
United Natural Foods, Inc. (a)		1,383		98,082
Village Super Market, Inc. (Class A)		198		5,227
Wal-Mart Stores, Inc.		44,637		3,411,606
Walgreen Co.		26,455		1,746,824
Weis Markets, Inc. (b)		296		14,578
Whole Foods Market, Inc.		10,264		520,487

				11,655,871

FOOD PRODUCTS — 1.6%
Annie’s, Inc. (a)(b)		395		15,875
Archer-Daniels-Midland Co.		18,133		786,791
B&G Foods, Inc. (b)		1,482		44,623
Boulder Brands, Inc. (a)(b)		1,679		29,584
Bunge, Ltd.		4,085		324,798
Cal-Maine Foods, Inc. (b)		395		24,798
Calavo Growers, Inc. (b)		296		10,532
Campbell Soup Co. (b)		4,805		215,648
Chiquita Brands International, Inc. (a)		1,284		15,986
ConAgra Foods, Inc.		11,454		355,418
Darling International, Inc. (a)		4,374		87,567
Dean Foods Co.		2,578		39,856
Diamond Foods, Inc. (a)(b)		593		20,713
Flowers Foods, Inc. (b)		4,675		100,279
Fresh Del Monte Produce, Inc.		1,087		29,969
General Mills, Inc.		17,760		920,323
Hain Celestial Group, Inc. (a)		1,087		99,428
Hillshire Brands Co.		3,359		125,156
Hormel Foods Corp.		3,655		180,082
Ingredion, Inc.		2,173		147,938
J&J Snack Foods Corp.		395		37,908
Kellogg Co.		7,147		448,188
Keurig Green Mountain, Inc.		4,149		438,093
Kraft Foods Group, Inc.		16,384		919,142
Lancaster Colony Corp. (b)		494		49,113
Limoneira Co. (b)		296		6,713
McCormick & Co., Inc.		3,666		262,999
Mead Johnson Nutrition Co.		5,553		461,676
Mondelez International, Inc. (Class A)		49,761		1,719,243
Pilgrim’s Pride Corp. (a)		1,679		35,125
Pinnacle Foods, Inc.		889		26,546
Post Holdings, Inc. (a)		889		49,002
Sanderson Farms, Inc. (b)		630		49,449
Seaboard Corp. (a)		8		20,972
Seneca Foods Corp. (Class A) (a)		198		6,233
Snyders-Lance, Inc. (b)		1,284		36,196
The Hershey Co.		4,158		434,095
The J.M. Smucker Co.		2,980		289,775
Tootsie Roll Industries, Inc. (b)		509		15,234
TreeHouse Foods, Inc. (a)		1,039		74,798
Tyson Foods, Inc. (Class A)		7,700		338,877
WhiteWave Foods Co. (Class A) (a)		3,770		107,596

				9,402,337

GAS UTILITIES — 0.2%
AGL Resources, Inc.		3,260		159,610
Atmos Energy Corp.		2,470		116,411
Delta Natural Gas Co., Inc. (b)		181		3,750
National Fuel Gas Co. (b)		2,073		145,193
New Jersey Resources Corp. (b)		1,185		59,013
Northwest Natural Gas Co. (b)		790		34,768
ONE Gas, Inc. (a)		1,407		50,554
Piedmont Natural Gas Co., Inc.		2,073		73,363
Questar Corp.		4,842		115,143
South Jersey Industries, Inc. (b)		889		49,864
Southwest Gas Corp.		1,284		68,630
The Laclede Group, Inc.		889		41,916
UGI Corp.		3,161		144,173
WGL Holdings, Inc. (b)		1,383		55,403

				1,117,791

HEALTH CARE EQUIPMENT & SUPPLIES — 2.2%
Abaxis, Inc. (a)(b)		593		23,056
Abbott Laboratories		43,460		1,673,645
ABIOMED, Inc. (a)(b)		1,065		27,733
Accuray, Inc. (a)(b)		2,073		19,901
Alere, Inc. (a)(b)		2,284		78,455
Align Technology, Inc. (a)		1,976		102,337
Analogic Corp.		296		24,305
AngioDynamics, Inc. (a)		690		10,868
Anika Therapeutics, Inc. (a)		296		12,166
Antares Pharma, Inc. (a)		3,062		10,717
ArthroCare Corp. (a)		790		38,070
AtriCure, Inc. (a)		593		11,154
Baxter International, Inc.		15,185		1,117,312
Becton, Dickinson and Co.		5,358		627,315
Boston Scientific Corp. (a)		37,112		501,754
C.R. Bard, Inc.		2,079		307,650
Cantel Medical Corp.		889		29,977
Cardiovascular Systems, Inc. (a)		593		18,851
CareFusion Corp. (a)		6,054		243,492
Cerus Corp. (a)(b)		1,877		9,010
CONMED Corp.		790		34,326
Covidien PLC		13,232		974,669
Cyberonics, Inc. (a)(b)		790		51,548
Cynosure, Inc. (Class A) (a)		494		14,474
DENTSPLY International, Inc.		3,911		180,062
DexCom, Inc. (a)		1,976		81,727
Edwards Lifesciences Corp. (a)(b)		3,152		233,784
Endologix, Inc. (a)(b)		1,778		22,883

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

GenMark Diagnostics, Inc. (a)(b)		790	$	7,853
Globus Medical, Inc. (Class A) (a)		1,482		39,406
Greatbatch, Inc. (a)		690		31,685
Haemonetics Corp. (a)(b)		1,383		45,072
HealthStream, Inc. (a)		593		15,833
HeartWare International, Inc. (a)(b)		494		46,327
Hill-Rom Holdings, Inc. (b)		1,679		64,709
Hologic, Inc. (a)(b)		7,444		160,046
ICU Medical, Inc. (a)		395		23,653
IDEXX Laboratories, Inc. (a)(b)		1,482		179,915
Insulet Corp. (a)(b)		1,482		70,276
Integra LifeSciences Holdings Corp. (a)(b)		593		27,272
Intuitive Surgical, Inc. (a)		1,084		474,781
Invacare Corp.		889		16,953
Masimo Corp. (a)(b)		1,305		35,640
Medtronic, Inc.		28,021		1,724,412
Meridian Bioscience, Inc. (b)		1,185		25,821
Merit Medical Systems, Inc. (a)(b)		1,185		16,946
Natus Medical, Inc. (a)		790		20,382
Neogen Corp. (a)(b)		1,035		46,523
NuVasive, Inc. (a)		1,259		48,358
NxStage Medical, Inc. (a)(b)		1,679		21,390
OraSure Technologies, Inc. (a)		1,482		11,812
Orthofix International NV (a)		494		14,894
PhotoMedex, Inc. (a)(b)		395		6,253
Quidel Corp. (a)(b)		790		21,567
ResMed, Inc. (b)		3,906		174,559
RTI Surgical, Inc. (a)		1,581		6,451
Sirona Dental Systems, Inc. (a)		1,482		110,661
Spectranetics Corp. (a)		1,087		32,947
St. Jude Medical, Inc.		7,785		509,061
Staar Surgical Co. (a)		988		18,574
STERIS Corp.		1,581		75,493
Stryker Corp.		9,309		758,404
SurModics, Inc. (a)		395		8,927
Symmetry Medical, Inc. (a)		988		9,939
TearLab Corp. (a)(b)		690		4,664
Teleflex, Inc.		1,087		116,570
The Cooper Cos., Inc.		1,486		204,117
Thoratec Corp. (a)		1,543		55,255
Tornier NV (a)		690		14,642
Unilife Corp. (a)(b)		2,470		10,053
Utah Medical Products, Inc. (b)		99		5,725
Varian Medical Systems, Inc. (a)		2,980		250,290
Vascular Solutions, Inc. (a)		443		11,602
Volcano Corp. (a)(b)		1,482		29,210
West Pharmaceutical Services, Inc.		1,976		87,043
Wright Medical Group, Inc. (a)		1,087		33,773
Zimmer Holdings, Inc.		4,605		435,541

				12,642,521

HEALTH CARE PROVIDERS & SERVICES — 2.3%
Acadia Healthcare Co., Inc. (a)(b)		988		44,579
Aetna, Inc.		10,688		801,279
Air Methods Corp. (a)(b)		1,087		58,078
Amedisys, Inc. (a)(b)		884		13,163
AmerisourceBergen Corp.		6,398		419,645
AMN Healthcare Services, Inc. (a)		1,284		17,642
AmSurg Corp. (a)		889		41,854
athenahealth, Inc. (a)(b)		1,027		164,566
Bio-Reference Laboratories, Inc. (a)(b)		690		19,099
BioScrip, Inc. (a)(b)		1,581		11,035
Brookdale Senior Living, Inc. (a)		2,766		92,689
Capital Senior Living Corp. (a)		790		20,532
Cardinal Health, Inc.		9,445		660,961
Catamaran Corp. (a)		5,631		252,044
Centene Corp. (a)		1,482		92,254
Chemed Corp. (b)		494		44,188
Chindex International, Inc. (a)(b)		296		5,648
CIGNA Corp.		7,904		661,802
Community Health Systems, Inc. (a)		3,084		120,800
Corvel Corp. (a)		296		14,729
DaVita HealthCare Partners, Inc. (a)		5,036		346,729
Emeritus Corp. (a)		1,087		34,175
Envision Healthcare Holdings, Inc. (a)		1,822		61,638
ExamWorks Group, Inc. (a)		790		27,658
Express Scripts Holding Co. (a)		21,489		1,613,609
Five Star Quality Care, Inc. (a)		1,185		5,759
Gentiva Health Services, Inc. (a)(b)		889		8,108
Hanger, Inc. (a)		988		33,276
HCA Holdings, Inc. (a)		7,409		388,972
Health Net, Inc. (a)		2,229		75,808
HealthSouth Corp.		2,396		86,088
Healthways, Inc. (a)(b)		733		12,564
Henry Schein, Inc. (a)		2,431		290,188
HMS Holdings Corp. (a)(b)		2,371		45,168
Humana, Inc.		4,347		489,994
IPC The Hospitalist Co. (a)		494		24,246
Kindred Healthcare, Inc.		1,482		34,708
Laboratory Corp. of America Holdings (a)		2,560		251,418
Landauer, Inc. (b)		296		13,418
LHC Group, Inc. (a)		296		6,530
LifePoint Hospitals, Inc. (a)		1,284		70,042
Magellan Health Services, Inc. (a)		790		46,887
McKesson Corp.		6,336		1,118,748
MEDNAX, Inc. (a)		2,766		171,437
Molina Healthcare, Inc. (a)(b)		790		29,672
MWI Veterinary Supply, Inc. (a)		395		61,470
National Healthcare Corp. (b)		296		16,508
Omnicare, Inc. (b)		2,861		170,716
Owens & Minor, Inc. (b)		1,778		62,283
Patterson Cos., Inc. (b)		2,370		98,971
PharMerica Corp. (a)		790		22,104
Premier, Inc. (Class A) (a)		911		30,017
Quest Diagnostics, Inc. (b)		4,342		251,489
Select Medical Holdings Corp.		1,383		17,218
Team Health Holdings, Inc. (a)		1,877		83,996
Tenet Healthcare Corp. (a)		2,822		120,810
The Ensign Group, Inc.		494		21,558
The Providence Service Corp. (a)		296		8,371
Triple-S Management Corp. (Class B) (a)		690		11,137
UnitedHealth Group, Inc.		28,392		2,327,860
Universal American Corp.		1,087		7,685
Universal Health Services, Inc. (Class B)		2,470		202,713
US Physical Therapy, Inc.		296		10,233
VCA Antech, Inc. (a)		2,424		78,126
WellCare Health Plans, Inc. (a)		1,241		78,828

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

WellPoint, Inc.		7,828	$	779,277

				13,304,797

HEALTH CARE TECHNOLOGY — 0.1%
Allscripts Healthcare Solutions, Inc. (a)(b)		4,939		89,050
Cerner Corp. (a)(b)		8,199		461,194
Computer Programs and Systems, Inc. (b)		296		19,122
MedAssets, Inc. (a)		1,679		41,488
Medidata Solutions, Inc. (a)		1,681		91,345
Merge Healthcare, Inc. (a)(b)		1,778		4,338
Omnicell, Inc. (a)		988		28,277
Vocera Communications, Inc. (a)(b)		593		9,684

				744,498

HOTELS, RESTAURANTS & LEISURE — 2.0%
ARAMARK Holdings Corp.		1,600		46,272
Bally Technologies, Inc. (a)		1,087		72,035
Biglari Holdings, Inc. (a)		47		22,912
BJ’s Restaurants, Inc. (a)(b)		690		22,570
Bloomin’ Brands, Inc. (a)		1,482		35,716
Bob Evans Farms, Inc. (b)		737		36,872
Boyd Gaming Corp. (a)(b)		1,581		20,869
Bravo Brio Restaurant Group, Inc. (a)		494		6,970
Brinker International, Inc. (b)		1,990		104,375
Buffalo Wild Wings, Inc. (a)		494		73,557
Burger King Worldwide, Inc.		2,766		73,437
Caesars Entertainment Corp. (a)(b)		988		18,782
Carnival Corp.		11,478		434,557
Chipotle Mexican Grill, Inc. (a)		889		504,996
Choice Hotels International, Inc. (b)		790		36,340
Churchill Downs, Inc.		395		36,063
Chuy’s Holdings, Inc. (a)(b)		494		21,311
Cracker Barrel Old Country Store, Inc. (b)		697		67,776
Darden Restaurants, Inc. (b)		3,590		182,228
Del Frisco’s Restaurant Group, Inc. (a)(b)		296		8,258
Denny’s Corp. (a)(b)		2,568		16,512
DineEquity, Inc.		494		38,567
Domino’s Pizza, Inc.		1,581		121,690
Dunkin’ Brands Group, Inc. (b)		2,964		148,734
Fiesta Restaurant Group, Inc. (a)		593		27,035
Hilton Worldwide Holdings, Inc. (a)		4,300		95,632
Hyatt Hotels Corp. (Class A) (a)		1,185		63,765
International Game Technology		7,203		101,274
International Speedway Corp. (Class A)		790		26,852
Interval Leisure Group, Inc.		1,037		27,107
Jack in the Box, Inc. (a)		1,185		69,844
Jamba, Inc. (a)(b)		494		5,926
Krispy Kreme Doughnuts, Inc. (a)(b)		1,778		31,524
Las Vegas Sands Corp.		10,785		871,212
Life Time Fitness, Inc. (a)(b)		1,185		56,998
Marcus Corp.		494		8,250
Marriott International, Inc. (Class A) (b)		6,406		358,864
Marriott Vacations Worldwide Corp. (a)		788		44,057
McDonald’s Corp.		27,829		2,728,077
MGM Resorts International (a)		10,233		264,625
Morgans Hotel Group Co. (a)(b)		690		5,548
Multimedia Games Holding Co., Inc. (a)		790		22,942
Norwegian Cruise Line Holdings, Ltd. (a)		790		25,493
Orient-Express Hotels, Ltd. (Class A) (a)		2,667		38,431
Panera Bread Co. (Class A) (a)(b)		812		143,294
Papa John’s International, Inc.		790		41,167
Penn National Gaming, Inc. (a)(b)		1,893		23,322
Pinnacle Entertainment, Inc. (a)		1,581		37,470
Popeyes Louisiana Kitchen, Inc. (a)		690		28,042
Red Robin Gourmet Burgers, Inc. (a)		395		28,314
Royal Caribbean Cruises, Ltd.		4,516		246,393
Ruby Tuesday, Inc. (a)(b)		1,679		9,419
Ruth’s Hospitality Group, Inc.		988		11,945
Scientific Games Corp. (Class A) (a)		1,294		17,767
SeaWorld Entertainment, Inc.		790		23,882
Six Flags Entertainment Corp. (b)		1,778		71,387
Sonic Corp. (a)		1,581		36,031
Speedway Motorsports, Inc.		296		5,544
Starbucks Corp.		20,846		1,529,679
Starwood Hotels & Resorts Worldwide, Inc.		5,405		430,238
Texas Roadhouse, Inc.		1,679		43,788
The Cheesecake Factory, Inc. (b)		1,420		67,635
The Wendy’s Co. (b)		7,126		64,989
Town Sports International Holdings, Inc.		690		5,858
Vail Resorts, Inc. (b)		988		68,864
Wyndham Worldwide Corp.		3,773		276,297
Wynn Resorts, Ltd.		2,264		502,948
Yum! Brands, Inc.		12,395		934,459

				11,673,587

HOUSEHOLD DURABLES — 0.5%
Beazer Homes USA, Inc. (a)(b)		690		13,855
Cavco Industries, Inc. (a)		198		15,533
CSS Industries, Inc.		198		5,346
D.R. Horton, Inc. (b)		7,786		168,567
Ethan Allen Interiors, Inc.		690		17,561
Garmin, Ltd. (b)		3,418		188,879
Harman International Industries, Inc.		1,900		202,160
Helen of Troy, Ltd. (a)		889		61,545
Hovnanian Enterprises, Inc. (Class A) (a)(b)		3,161		14,952
iRobot Corp. (a)(b)		790		32,429
Jarden Corp. (a)		3,770		225,559
KB Home (b)		2,300		39,077
La-Z-Boy, Inc.		1,482		40,162
Leggett & Platt, Inc. (b)		3,916		127,818
Lennar Corp. (Class A) (b)		4,509		178,647
Libbey, Inc. (a)(b)		593		15,418
M.D.C. Holdings, Inc. (b)		1,087		30,740
M/I Homes, Inc. (a)		690		15,470
Meritage Homes Corp. (a)		988		41,377
Mohawk Industries, Inc. (a)		1,663		226,135
NACCO Industries, Inc. (Class A)		181		9,812
Newell Rubbermaid, Inc.		7,932		237,167
NVR, Inc. (a)		147		168,609
Pulte Group, Inc.		10,662		204,604
Standard Pacific Corp. (a)(b)		4,050		33,655

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Taylor Morrison Home Corp. (Class A) (a)		889	$	20,892
Tempur Sealy International, Inc. (a)(b)		1,679		85,075
The Ryland Group, Inc. (b)		1,279		51,070
Toll Brothers, Inc. (a)		4,654		167,079
TRI Pointe Homes, Inc. (a)(b)		395		6,411
Tupperware Brands Corp. (b)		1,482		124,132
Universal Electronics, Inc. (a)		395		15,164
Whirlpool Corp.		2,218		331,502
William Lyon Homes (Class A) (a)(b)		395		10,906

				3,127,308

HOUSEHOLD PRODUCTS — 1.7%
Central Garden & Pet Co. (Class A) (a)		1,185		9,800
Church & Dwight Co., Inc.		3,823		264,055
Colgate-Palmolive Co.		25,993		1,686,166
Energizer Holdings, Inc.		1,874		188,787
Harbinger Group, Inc. (a)		889		10,872
Kimberly-Clark Corp.		10,592		1,167,768
Spectrum Brands Holdings, Inc.		593		47,262
The Clorox Co. (b)		3,655		321,677
The Procter & Gamble Co.		75,855		6,113,913
WD-40 Co. (b)		395		30,640

				9,840,940

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.1%
Atlantic Power Corp. (b)		3,260		9,454
Calpine Corp. (a)		10,893		227,773
Dynegy, Inc. (a)(b)		2,766		68,984
NRG Energy, Inc.		8,860		281,748
Ormat Technologies, Inc.		494		14,825
The AES Corp.		17,109		244,316

				847,100

INDUSTRIAL CONGLOMERATES — 2.0%
3M Co.		19,201		2,604,808
Carlisle Cos., Inc.		1,778		141,066
Danaher Corp.		16,757		1,256,775
General Electric Co.		286,051		7,405,860
Raven Industries, Inc. (b)		1,025		33,569

				11,442,078

INSURANCE — 3.1%
ACE, Ltd.		9,403		931,461
Aflac, Inc.		12,883		812,144
Alleghany Corp. (a)		494		201,246
Allied World Assurance Company Holdings, Ltd.		988		101,952
Ambac Financial Group, Inc. (a)(b)		1,284		39,843
American Equity Investment Life Holding Co. (b)		1,778		41,996
American Financial Group, Inc.		2,173		125,404
American International Group, Inc.		41,042		2,052,510
American National Insurance Co.		198		22,384
AMERISAFE, Inc.		494		21,692
Amtrust Financial Services, Inc. (b)		868		32,645
Aon PLC		8,776		739,641
Arch Capital Group, Ltd. (a)		3,655		210,309
Argo Group International Holdings, Ltd.		790		36,261
Arthur J. Gallagher & Co.		3,529		167,910
Aspen Insurance Holdings, Ltd.		1,778		70,587
Assurant, Inc.		2,089		135,701
Assured Guaranty, Ltd.		5,325		134,829
Axis Capital Holdings, Ltd.		3,260		149,471
Baldwin & Lyons, Inc. (Class B)		296		7,782
Brown & Brown, Inc.		3,260		100,278
Cincinnati Financial Corp.		4,471		217,559
Citizens, Inc. (a)(b)		1,185		8,769
CNA Financial Corp.		690		29,477
CNO Financial Group, Inc.		6,125		110,863
eHealth, Inc. (a)		494		25,095
Employers Holdings, Inc.		889		17,984
Endurance Specialty Holdings, Ltd.		1,185		63,789
Enstar Group, Ltd. (a)(b)		296		40,348
Erie Indemnity Co. (Class A)		690		48,134
Everest Re Group, Ltd.		1,407		215,341
FBL Financial Group, Inc. (Class A)		198		8,577
Fidelity National Financial, Inc. (Class A)		7,577		238,221
First American Financial Corp. (b)		2,964		78,694
Genworth Financial, Inc. (Class A) (a)		13,552		240,277
Global Indemnity PLC (a)		296		7,797
Greenlight Capital Re, Ltd. (Class A) (a)		790		25,912
Hartford Financial Services Group, Inc.		12,546		442,497
HCC Insurance Holdings, Inc.		2,766		125,825
HCI Group, Inc. (b)		296		10,774
Hilltop Holdings, Inc. (a)		1,679		39,943
Horace Mann Educators Corp.		1,087		31,523
Infinity Property & Casualty Corp.		296		20,018
Kemper Corp.		1,284		50,294
Lincoln National Corp.		7,378		373,843
Loews Corp.		8,422		370,989
Maiden Holdings, Ltd. (b)		1,383		17,260
Markel Corp. (a)		395		235,460
Marsh & McLennan Cos., Inc.		15,197		749,212
MBIA, Inc. (a)		3,932		55,009
Meadowbrook Insurance Group, Inc. (b)		1,383		8,063
Mercury General Corp.		690		31,105
MetLife, Inc.		24,643		1,301,150
Montpelier Re Holdings, Ltd.		1,284		38,212
National Interstate Corp. (b)		198		5,308
National Western Life Insurance Co. (Class A)		99		24,206
Old Republic International Corp.		7,136		117,030
OneBeacon Insurance Group, Ltd. (Class A)		593		9,168
PartnerRe, Ltd.		1,623		167,981
Platinum Underwriters Holdings, Ltd.		889		53,429
Primerica, Inc.		1,581		74,481
Principal Financial Group, Inc.		8,044		369,944
ProAssurance Corp.		1,656		73,742
Protective Life Corp.		2,169		114,068
Prudential Financial, Inc.		12,975		1,098,334
Reinsurance Group of America, Inc.		2,011		160,136
RenaissanceRe Holdings, Ltd.		1,189		116,046
RLI Corp. (b)		1,187		52,513

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Safety Insurance Group, Inc.		395	$	21,271
Selective Insurance Group, Inc.		1,533		35,750
StanCorp Financial Group, Inc.		1,185		79,158
State Auto Financial Corp.		395		8,417
Stewart Information Services Corp.		582		20,446
Symetra Financial Corp.		2,272		45,031
The Allstate Corp.		12,893		729,486
The Chubb Corp.		7,171		640,370
The Hanover Insurance Group, Inc.		1,192		73,236
The Navigators Group, Inc. (a)		296		18,171
The Phoenix Cos., Inc. (a)		208		10,764
The Progressive Corp.		16,640		403,021
The Travelers Cos., Inc.		9,824		836,022
Torchmark Corp.		2,502		196,907
Tower Group International, Ltd.		1,581		4,269
United Fire Group, Inc.		593		17,998
Universal Insurance Holdings, Inc. (b)		790		10,033
Unum Group		7,397		261,188
Validus Holdings, Ltd.		2,870		108,228
W.R. Berkley Corp.		3,019		125,651
White Mountains Insurance Group, Ltd.		198		118,780
XL Group PLC		7,993		249,781

				17,864,424

INTERNET & CATALOG RETAIL — 1.2%
Amazon.com, Inc. (a)		10,157		3,418,034
Blue Nile, Inc. (a)(b)		296		10,301
Expedia, Inc.		2,888		209,380
FTD Cos., Inc. (a)(b)		512		16,287
Groupon, Inc. (a)(b)		11,558		90,615
HomeAway, Inc. (a)		1,581		59,556
HSN, Inc.		938		56,027
Liberty Interactive Corp. (Class A) (a)		14,547		419,972
Liberty Ventures, (Series A) (a)		1,161		151,313
Netflix, Inc. (a)		1,344		473,128
NutriSystem, Inc. (b)		790		11,905
Orbitz Worldwide, Inc. (a)		690		5,410
Overstock.com, Inc. (a)		296		5,831
PetMed Express, Inc. (b)		593		7,952
Priceline.com, Inc. (a)		1,424		1,697,251
Shutterfly, Inc. (a)(b)		1,087		46,393
TripAdvisor, Inc. (a)(b)		3,087		279,651
ValueVision Media, Inc. (Class A) (a)		1,087		5,283

				6,964,289

INTERNET SOFTWARE & SERVICES — 3.0%
Akamai Technologies, Inc. (a)		4,918		286,277
Angie’s List, Inc. (a)(b)		1,185		14,433
AOL, Inc. (a)		2,174		95,156
Bankrate, Inc. (a)		1,284		21,751
Bazaarvoice, Inc. (a)		1,284		9,373
Blucora, Inc. (a)(b)		1,087		21,403
Brightcove, Inc. (a)		790		7,766
comScore, Inc. (a)		988		32,396
Constant Contact, Inc. (a)		889		21,745
Conversant, Inc. (a)(b)		2,073		58,355
Cornerstone OnDemand, Inc. (a)(b)		1,087		52,035
CoStar Group, Inc. (a)		790		147,525
Dealertrack Technologies, Inc. (a)		1,185		58,290
Demand Media, Inc. (a)(b)		988		4,792
Demandware, Inc. (a)		695		44,522
Dice Holdings, Inc. (a)(b)		1,087		8,109
Digital River, Inc. (a)		988		17,221
E2open, Inc. (a)		395		9,310
EarthLink Holdings Corp.		2,847		10,278
eBay, Inc. (a)		36,116		1,995,048
Envestnet, Inc. (a)		593		23,827
Equinix, Inc. (a)(b)		1,360		251,382
Facebook, Inc. (Class A) (a)		46,818		2,820,316
Global Eagle Entertainment, Inc. (a)		593		9,357
Google, Inc. (Class A) (a)		7,509		8,368,856
IAC/InterActiveCorp.		2,076		148,206
Internap Network Services Corp. (a)(b)		1,486		10,521
IntraLinks Holdings, Inc. (a)		1,087		11,120
j2 Global, Inc. (b)		1,284		64,264
LinkedIn Corp. (Class A) (a)		2,774		513,024
Liquidity Services, Inc. (a)(b)		690		17,974
LivePerson, Inc. (a)(b)		1,482		17,888
LogMeIn, Inc. (a)(b)		690		30,974
Millennial Media, Inc. (a)(b)		988		6,837
Monster Worldwide, Inc. (a)		3,190		23,861
Move, Inc. (a)		1,087		12,566
NIC, Inc.		1,778		34,333
OpenTable, Inc. (a)(b)		593		45,619
Pandora Media, Inc. (a)		4,467		135,439
Perficient, Inc. (a)		889		16,109
QuinStreet, Inc. (a)		889		5,903
Rackspace Hosting, Inc. (a)(b)		3,062		100,495
SciQuest, Inc. (a)(b)		593		16,020
Shutterstock, Inc. (a)(b)		198		14,377
SPS Commerce, Inc. (a)		395		24,273
Stamps.com, Inc. (a)		395		13,256
support.com, Inc. (a)(b)		1,383		3,527
Travelzoo, Inc. (a)(b)		198		4,534
Trulia, Inc. (a)(b)		797		26,460
Twitter, Inc. (a)(b)		2,227		103,934
United Online, Inc.		367		4,242
VeriSign, Inc. (a)(b)		3,894		209,925
VistaPrint NV (a)		889		43,757
Vocus, Inc. (a)(b)		494		6,585
Web.com Group, Inc. (a)		1,185		40,325
WebMD Health Corp. (a)(b)		799		33,079
XO Group, Inc. (a)		690		6,997
Yahoo!, Inc. (a)		24,706		886,945
Yelp, Inc. (a)		1,090		83,854
Zillow, Inc. (Class A) (a)(b)		593		52,243
Zix Corp. (a)(b)		1,679		6,951

				17,165,940

IT SERVICES — 3.4%
Accenture PLC (Class A)		17,877		1,425,154
Acxiom Corp. (a)		2,073		71,301
Alliance Data Systems Corp. (a)(b)		1,395		380,068
Amdocs, Ltd.		4,445		206,515
Automatic Data Processing, Inc.		13,398		1,035,130
Blackhawk Network Holdings, Inc. (a)(b)		296		7,219
Booz Allen Hamilton Holding Corp.		889		19,558
Broadridge Financial Solutions, Inc.		3,320		123,305
CACI International, Inc. (Class A) (a)(b)		593		43,763
Cardtronics, Inc. (a)		1,284		49,883

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Cass Information Systems, Inc. (b)		296	$	15,262
CIBER, Inc. (a)		2,073		9,494
Cognizant Technology Solutions Corp. (Class A) (a)		16,612		840,733
Computer Sciences Corp.		4,165		253,315
Computer Task Group, Inc. (b)		395		6,711
Convergys Corp. (b)		2,865		62,772
CoreLogic, Inc. (a)		2,667		80,117
CSG Systems International, Inc. (b)		889		23,150
DST Systems, Inc.		889		84,268
EPAM Systems, Inc. (a)		593		19,510
Euronet Worldwide, Inc. (a)		1,383		57,519
EVERTEC, Inc.		790		19,513
ExlService Holdings, Inc. (a)		889		27,479
Fidelity National Information Services, Inc.		8,101		432,998
Fiserv, Inc. (a)		7,383		418,542
FleetCor Technologies, Inc. (a)		1,877		216,043
Forrester Research, Inc.		395		14,161
Gartner, Inc. (a)		2,568		178,322
Genpact, Ltd. (a)		4,643		80,881
Global Cash Access Holdings, Inc. (a)		1,778		12,197
Global Payments, Inc.		2,073		147,411
Heartland Payment Systems, Inc.		988		40,953
Higher One Holdings, Inc. (a)		889		6,427
iGate Corp. (a)		988		31,162
International Business Machines Corp.		27,133		5,222,831
Jack Henry & Associates, Inc.		2,416		134,716
Leidos Holdings, Inc. (b)		2,003		70,846
ManTech International Corp. (Class A) (b)		690		20,293
Mastercard, Inc. (Class A)		32,511		2,428,572
MAXIMUS, Inc.		1,877		84,202
MoneyGram International, Inc. (a)		593		10,466
NeuStar, Inc. (Class A) (a)(b)		1,778		57,803
Paychex, Inc.		8,920		379,992
Sapient Corp. (a)		3,062		52,238
Science Applications International Corp.		1,143		42,737
ServiceSource International, Inc. (a)(b)		1,679		14,171
Sykes Enterprises, Inc. (a)		1,087		21,599
Syntel, Inc. (a)(b)		395		35,511
TeleTech Holdings, Inc. (a)		593		14,534
Teradata Corp. (a)(b)		4,512		221,945
The Western Union Co. (b)		15,374		251,519
Total System Services, Inc.		4,481		136,267
Unisys Corp. (a)(b)		1,222		37,222
Vantiv, Inc. (a)		2,371		71,652
VeriFone Systems, Inc. (a)		2,956		99,972
Virtusa Corp. (a)		593		19,871
Visa, Inc. (Class A)		14,435		3,115,939
WEX, Inc. (a)		1,087		103,319
Xerox Corp.		33,849		382,494

				19,471,547

LEISURE PRODUCTS — 0.2%
Arctic Cat, Inc.		395		18,877
Black Diamond, Inc. (a)(b)		593		7,253
Brunswick Corp.		2,535		114,810
Callaway Golf Co. (b)		1,976		20,195
Hasbro, Inc. (b)		3,126		173,868
JAKKS Pacific, Inc. (b)		494		3,567
Leapfrog Enterprises, Inc. (a)		1,778		13,335
Mattel, Inc.		9,555		383,251
Nautilus, Inc. (a)		889		8,561
Polaris Industries, Inc. (b)		1,778		248,404
Smith & Wesson Holding Corp. (a)(b)		1,778		25,994
Sturm Ruger & Co, Inc. (b)		494		29,541

				1,047,656

LIFE SCIENCES TOOLS & SERVICES — 0.6%
Affymetrix, Inc. (a)(b)		1,936		13,804
Agilent Technologies, Inc.		9,585		535,993
Albany Molecular Research, Inc. (a)(b)		593		11,024
Bio-Rad Laboratories, Inc. (Class A) (a)		593		75,975
Bruker Corp. (a)		3,062		69,783
Cambrex Corp. (a)		790		14,907
Charles River Laboratories International, Inc. (a)		1,389		83,812
Covance, Inc. (a)		1,520		157,928
Fluidigm Corp. (a)(b)		690		30,408
Furiex Pharmaceuticals, Inc. (a)(b)		198		17,226
Illumina, Inc. (a)(b)		3,384		503,066
Luminex Corp. (a)(b)		988		17,893
PAREXEL International Corp. (a)		1,581		85,516
PerkinElmer, Inc.		3,042		137,073
Qiagen NV (a)		6,421		135,419
Quintiles Transnational Holdings, Inc. (a)		790		40,108
Sequenom, Inc. (a)(b)		2,442		5,983
Techne Corp.		994		84,858
Thermo Fisher Scientific, Inc.		10,829		1,302,079
Waters Corp. (a)		2,381		258,124

				3,580,979

MACHINERY — 2.2%
Accuride Corp. (a)(b)		1,087		4,815
Actuant Corp. (Class A)		1,976		67,480
AGCO Corp.		2,702		149,042
Alamo Group, Inc.		198		10,757
Albany International Corp. (Class A) (b)		790		28,077
Altra Industrial Motion Corp.		790		28,203
American Railcar Industries, Inc. (b)		296		20,729
Astec Industries, Inc.		593		26,039
Barnes Group, Inc.		1,482		57,013
Blount International, Inc. (a)		1,383		16,458
Briggs & Stratton Corp. (b)		1,284		28,569
Caterpillar, Inc.		18,164		1,804,957
Chart Industries, Inc. (a)(b)		992		78,914
CIRCOR International, Inc.		494		36,225
CLARCOR, Inc.		1,346		77,193
Colfax Corp. (a)		3,071		219,054
Columbus McKinnon Corp. (a)		494		13,234
Commercial Vehicle Group, Inc. (a)(b)		666		6,074
Crane Co.		1,366		97,191
Cummins, Inc.		5,389		802,907
Deere & Co. (b)		10,703		971,832
Donaldson Co., Inc.		4,015		170,236
Douglas Dynamics, Inc.		593		10,330

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Dover Corp.		4,870	$	398,122
Dynamic Materials Corp.		395		7,521
Energy Recovery, Inc. (a)(b)		1,185		6,304
EnPro Industries, Inc. (a)(b)		593		43,093
ESCO Technologies, Inc.		690		24,281
Federal Signal Corp. (a)		1,740		25,926
Flowserve Corp.		3,957		309,991
Freightcar America, Inc.		296		6,879
Graco, Inc.		1,673		125,040
Graham Corp.		296		9,428
Harsco Corp.		2,249		52,694
Hurco Cos., Inc.		198		5,283
Hyster-Yale Materials Handling, Inc.		261		25,448
IDEX Corp.		2,307		168,157
Illinois Tool Works, Inc.		9,695		788,494
Ingersoll-Rand PLC		7,397		423,404
ITT Corp.		2,516		107,584
John Bean Technologies Corp.		821		25,369
Joy Global, Inc. (b)		2,884		167,272
Kadant, Inc.		296		10,795
Kennametal, Inc. (b)		2,173		96,264
L.B. Foster Co. (Class A)		296		13,868
Lincoln Electric Holdings, Inc.		2,296		165,335
Lindsay Corp. (b)		395		34,831
Lydall, Inc. (a)		494		11,298
Meritor, Inc. (a)		2,711		33,210
Middleby Corp. (a)		595		157,205
Mueller Industries, Inc.		1,580		47,384
Mueller Water Products, Inc. (Class A)		4,307		40,917
Navistar International Corp. (a)(b)		1,494		50,602
Nordson Corp.		1,778		125,331
Oshkosh Corp.		2,463		144,997
PACCAR, Inc.		9,699		654,101
Pall Corp.		3,024		270,557
Parker Hannifin Corp.		4,137		495,240
Pentair, Ltd.		5,596		443,987
Proto Labs, Inc. (a)(b)		494		33,429
RBC Bearings, Inc. (a)		593		37,774
Rexnord Corp. (a)		790		22,894
Snap-On, Inc.		1,581		179,412
SPX Corp.		1,256		123,477
Standex International Corp.		395		21,164
Stanley Black & Decker, Inc.		4,446		361,193
Sun Hydraulics Corp. (b)		593		25,683
Tecumseh Products Co. (Class A) (a)(b)		494		3,409
Tennant Co.		494		32,416
Terex Corp.		3,016		133,609
The Exone Co. (a)(b)		198		7,094
The Gorman-Rupp Co.		493		15,672
The Greenbrier Cos., Inc. (a)(b)		690		31,464
The Manitowoc Co., Inc. (b)		3,649		114,761
The Toro Co.		1,581		99,903
Timken Co.		2,333		137,134
Titan International, Inc. (b)		1,482		28,143
TriMas Corp. (a)		1,594		52,921
Trinity Industries, Inc.		2,173		156,608
Valmont Industries, Inc. (b)		593		88,262
Wabash National Corp. (a)(b)		1,877		25,828
WABCO Holdings, Inc. (a)		1,614		170,374
Wabtec Corp.		2,667		206,692
Watts Water Technologies, Inc. (Class A)		785		46,072
Woodward, Inc.		1,877		77,952
Xylem, Inc.		5,075		184,832

				12,659,713

MARINE — 0.0% (e)
Kirby Corp. (a)		1,581		160,076
Matson, Inc.		1,185		29,258
Scorpio Bulkers, Inc. (a)		4,800		48,528

				237,862

MATERIALS — 0.1%
PPG Industries, Inc.		3,984		770,745

MEDIA — 3.8%
AMC Networks, Inc. (Class A) (a)		1,685		123,157
Cablevision Systems Corp. (Class A) (b)		5,370		90,592
Carmike Cinemas, Inc. (a)		494		14,751
CBS Corp.		16,889		1,043,740
Central European Media Enterprises, Ltd. (Class A) (a)		33		0
Central European Media Enterprises, Ltd. (Class A) (a)(b)		2,073		6,095
Charter Communications, Inc. (Class A) (a)		1,980		243,936
Cinemark Holdings, Inc.		3,161		91,701
Clear Channel Outdoor Holdings, Inc. (Class A)		1,185		10,795
Comcast Corp. (Class A)		72,736		3,638,255
Cumulus Media, Inc. (Class A) (a)		2,073		14,324
Dex Media, Inc. (a)(b)		494		4,545
DIRECTV (Class A) (a)		13,580		1,037,784
Discovery Communications, Inc. (Series A) (a)		6,726		556,240
DISH Network Corp. (Class A) (a)		5,721		355,903
DreamWorks Animation SKG, Inc. (Class A) (a)(b)		2,073		55,038
Entercom Communications Corp. (Class A) (a)(b)		690		6,948
Entravision Communications Corp. (Class A)		1,482		9,929
Gannett Co., Inc.		6,293		173,687
Gray Television, Inc. (a)		1,383		14,342
Harte-Hanks, Inc. (b)		1,185		10,475
John Wiley & Sons, Inc. (Class A)		1,284		74,010
Journal Communications, Inc. (Class A) (a)		1,171		10,375
Lamar Advertising Co. (Class A) (a)		2,133		108,762
Liberty Global PLC (Class A) (a)		11,054		459,846
Liberty Global PLC, (Series C) (a)		11,054		450,008
Liberty Media Corp. (Class A) (a)		2,523		329,832
LIN Media LLC (Class A) (a)		780		20,670
Lions Gate Entertainment Corp. (b)		2,272		60,731
Live Nation Entertainment, Inc. (a)		3,828		83,259
Loral Space & Communications, Inc. (a)		395		27,938
McGraw Hill Financial, Inc.		7,583		578,583
MDC Partners, Inc. (Class A)		1,036		23,641
Media General, Inc. (Class A) (a)(b)		494		9,075
Meredith Corp.		988		45,873
Morningstar, Inc.		593		46,859

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

National CineMedia, Inc.		1,581	$	23,715
News Corp. (Class A) (a)		13,698		235,880
Nexstar Broadcasting Group, Inc. (Class A) (b)		790		29,641
Omnicom Group, Inc.		7,379		535,715
Regal Entertainment Group (Class A) (b)		2,272		42,441
Rentrak Corp. (a)		296		17,843
Scholastic Corp. (b)		690		23,791
Scripps Networks Interactive, Inc. (Class A) (b)		3,027		229,780
Sinclair Broadcast Group, Inc. (Class A) (b)		1,877		50,848
Sirius XM Holdings, Inc. (a)(b)		84,974		271,917
Starz (Class A) (a)		3,218		103,877
The E.W. Scripps Co. (Class A) (a)		889		15,753
The Interpublic Group of Cos., Inc.		11,829		202,749
The Madison Square Garden Co. (Class A) (a)		1,685		95,674
The New York Times Co. (Class A) (b)		3,358		57,489
The Walt Disney Co.		49,955		3,999,897
Thomson Reuters Corp. (b)		10,274		351,371
Time Warner Cable, Inc.		8,169		1,120,623
Time Warner, Inc.		25,965		1,696,293
Twenty-First Century Fox, Inc.		55,305		1,768,101
Viacom, Inc. (Class B)		12,333		1,048,182
World Wrestling Entertainment, Inc. (Class A)		790		22,815

				21,776,094

METALS & MINING — 0.6%
A.M. Castle & Co. (a)(b)		494		7,257
AK Steel Holding Corp. (a)(b)		3,714		26,815
Alcoa, Inc.		29,427		378,726
Allegheny Technologies, Inc. (b)		2,871		108,179
Allied Nevada Gold Corp. (a)(b)		2,855		12,305
AMCOL International Corp. (b)		790		36,166
Carpenter Technology Corp.		1,284		84,795
Century Aluminum Co. (a)(b)		1,378		18,203
Cliffs Natural Resources, Inc. (b)		4,200		85,932
Coeur Mines, Inc. (a)		2,802		26,031
Commercial Metals Co.		3,207		60,548
Compass Minerals International, Inc.		889		73,360
Freeport-McMoRan Copper & Gold, Inc.		28,514		942,958
Globe Specialty Metals, Inc.		1,778		37,018
Gold Resource Corp. (b)		889		4,249
Haynes International, Inc.		296		15,984
Hecla Mining Co. (b)		9,187		28,204
Horsehead Holding Corp. (a)(b)		1,185		19,932
Kaiser Aluminum Corp. (b)		494		35,281
Materion Corp.		593		20,121
Molycorp, Inc. (a)(b)		3,398		15,937
Newmont Mining Corp.		13,547		317,542
Nucor Corp.		8,748		442,124
Olympic Steel, Inc. (b)		296		8,495
Reliance Steel & Aluminum Co.		2,134		150,788
Royal Gold, Inc. (b)		1,782		111,589
RTI International Metals, Inc. (a)(b)		889		24,696
Schnitzer Steel Industries, Inc. (Class A) (b)		751		21,666
Southern Copper Corp. (b)		4,345		126,483
Steel Dynamics, Inc.		6,114		108,768
Stillwater Mining Co. (a)(b)		3,260		48,281
SunCoke Energy, Inc. (a)		1,887		43,099
Tahoe Resources, Inc. (a)(b)		2,371		50,147
United States Steel Corp. (b)		3,983		109,971
Universal Stainless & Alloy Products, Inc. (a)(b)		198		6,686
US Silica Holdings, Inc. (b)		593		22,635
Walter Energy, Inc. (b)		1,720		13,003
Worthington Industries, Inc.		1,446		55,310

				3,699,284

MULTI-UTILITIES — 1.0%
Alliant Energy Corp.		3,013		171,169
Ameren Corp.		6,699		275,999
Avista Corp. (b)		1,679		51,461
Black Hills Corp.		1,185		68,315
CenterPoint Energy, Inc.		11,754		278,452
CMS Energy Corp.		7,304		213,861
Consolidated Edison, Inc. (b)		8,110		435,102
Dominion Resources, Inc.		16,181		1,148,689
DTE Energy Co.		4,838		359,415
Integrys Energy Group, Inc. (b)		2,173		129,619
MDU Resources Group, Inc.		5,236		179,647
NiSource, Inc.		8,584		304,990
NorthWestern Corp.		1,087		51,556
PG&E Corp.		12,168		525,658
Public Service Enterprise Group, Inc.		13,950		532,053
SCANA Corp.		3,853		197,736
Sempra Energy		6,714		649,647
TECO Energy, Inc. (b)		5,982		102,591
Vectren Corp.		2,272		89,494
Wisconsin Energy Corp. (b)		6,332		294,755

				6,060,209

MULTILINE RETAIL — 0.6%
Big Lots, Inc. (a)(b)		1,611		61,008
Dillard’s, Inc. (Class A) (b)		719		66,436
Dollar General Corp. (a)		8,988		498,654
Dollar Tree, Inc. (a)		5,469		285,372
Family Dollar Stores, Inc.		2,670		154,887
Fred’s, Inc. (Class A)		988		17,794
J.C. Penney Co., Inc. (a)(b)		8,308		71,615
Kohl’s Corp. (b)		6,160		349,888
Macy’s, Inc.		10,575		626,992
Nordstrom, Inc.		3,993		249,363
Sears Holdings Corp. (a)(b)		1,205		57,551
Target Corp.		17,861		1,080,769
The Bon-Ton Stores, Inc. (b)		395		4,337
Tuesday Morning Corp. (a)(b)		1,185		16,768

				3,541,434

OIL, GAS & CONSUMABLE FUELS — 7.5%
Abraxas Petroleum Corp. (a)		2,233		8,843
Adams Resources & Energy, Inc.		32		1,853
Alon USA Energy, Inc.		593		8,859
Alpha Natural Resources, Inc. (a)(b)		6,078		25,831
Anadarko Petroleum Corp.		13,831		1,172,316
Antero Resources Corp. (a)		1,012		63,351
Apache Corp.		10,798		895,694
Approach Resources, Inc. (a)(b)		970		20,283

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Arch Coal, Inc. (b)		5,813	$	28,019
Bill Barrett Corp. (a)(b)		1,383		35,405
Bonanza Creek Energy, Inc. (a)		790		35,076
BPZ Resources, Inc. (a)(b)		3,286		10,449
Cabot Oil & Gas Corp.		11,576		392,195
Carrizo Oil & Gas, Inc. (a)		1,587		84,841
Cheniere Energy, Inc. (a)		6,619		366,362
Chesapeake Energy Corp.		15,969		409,126
Chevron Corp.		53,655		6,380,116
Cimarex Energy Co.		2,410		287,055
Clayton Williams Energy, Inc. (a)(b)		182		20,568
Clean Energy Fuels Corp. (a)(b)		1,877		16,780
Cloud Peak Energy, Inc. (a)		1,679		35,494
Cobalt International Energy, Inc. (a)		7,605		139,324
Comstock Resources, Inc. (b)		1,284		29,339
Concho Resources, Inc. (a)		2,908		356,230
ConocoPhillips		34,004		2,392,181
CONSOL Energy, Inc.		6,281		250,926
Contango Oil & Gas Co. (a)		383		18,284
Continental Resources, Inc. (a)(b)		1,185		147,260
CVR Energy, Inc. (b)		395		16,689
Delek US Holdings, Inc.		988		28,691
Denbury Resources, Inc.		10,252		168,133
Devon Energy Corp.		11,165		747,273
Diamondback Energy, Inc. (a)		494		33,251
Emerald Oil, Inc. (a)(b)		988		6,639
Energen Corp.		1,976		159,681
Energy XXI Bermuda, Ltd. (b)		2,173		51,218
EOG Resources, Inc.		7,554		1,481,868
EPL Oil & Gas, Inc. (a)		790		30,494
EQT Corp.		4,149		402,328
EXCO Resources, Inc. (b)		4,686		26,242
Exxon Mobil Corp.		123,063		12,020,794
Forest Oil Corp. (a)(b)		3,238		6,185
GasLog, Ltd.		690		16,070
Golar LNG, Ltd. (b)		1,185		49,403
Goodrich Petroleum Corp. (a)(b)		727		11,501
Green Plains Renewable Energy, Inc. (b)		690		20,672
Gulfport Energy Corp. (a)		2,573		183,146
Halcon Resources Corp. (a)(b)		5,728		24,802
Hess Corp.		8,486		703,320
HollyFrontier Corp.		5,584		265,687
Kinder Morgan, Inc.		18,212		591,708
KiOR, Inc. (Class A) (a)(b)		1,185		679
Kodiak Oil & Gas Corp. (a)		7,310		88,743
Kosmos Energy, Ltd. (a)		2,766		30,426
Laredo Petroleum Holdings, Inc. (a)(b)		1,087		28,110
Magnum Hunter Resources Corp. (a)(b)		4,742		40,307
Marathon Oil Corp.		19,496		692,498
Marathon Petroleum Corp.		8,299		722,345
Matador Resources Co. (a)(b)		1,383		33,870
Murphy Oil Corp.		5,238		329,261
Newfield Exploration Co. (a)		3,756		117,788
Noble Energy, Inc.		10,051		714,023
Nordic American Tanker Shipping, Ltd. (b)		1,778		17,495
Northern Oil and Gas, Inc. (a)(b)		1,778		25,994
Oasis Petroleum, Inc. (a)		3,068		128,028
Occidental Petroleum Corp.		22,386		2,133,162
ONEOK, Inc.		5,631		333,637
Panhandle Oil & Gas, Inc. (Class A) (b)		229		9,987
PBF Energy, Inc.		690		17,802
PDC Energy, Inc. (a)		1,195		74,401
Peabody Energy Corp. (b)		7,463		121,945
Penn Virginia Corp. (a)		1,482		25,920
PetroQuest Energy, Inc. (a)		1,581		9,012
Phillips 66		16,227		1,250,453
Pioneer Natural Resources Co.		3,791		709,448
QEP Resources, Inc.		4,943		145,522
Quicksilver Resources, Inc. (a)(b)		1,395		3,669
Range Resources Corp. (b)		4,507		373,946
Renewable Energy Group, Inc. (a)		593		7,104
Rentech, Inc. (a)(b)		6,222		11,822
Resolute Energy Corp. (a)(b)		1,877		13,514
REX American Resources Corp. (a)		198		11,296
Rex Energy Corp. (a)		1,227		22,957
Rice Energy, Inc. (a)		1,800		47,502
Rosetta Resources, Inc. (a)(b)		1,679		78,208
Sanchez Energy Corp. (a)		1,498		44,386
SandRidge Energy, Inc. (a)(b)		13,635		83,719
Scorpio Tankers, Inc. (b)		6,267		62,482
SemGroup Corp.(Class A)		1,185		77,831
Ship Finance International, Ltd. (b)		1,383		24,852
SM Energy Co.		1,844		131,459
Solazyme, Inc. (a)(b)		1,284		14,907
Southwestern Energy Co. (a)		9,717		447,079
Spectra Energy Corp.		18,431		680,841
Stone Energy Corp. (a)		1,383		58,044
Swift Energy Co. (a)(b)		1,185		12,751
Synergy Resources Corp. (a)(b)		1,087		11,685
Targa Resources Corp.		889		88,242
Teekay Corp.		1,087		61,133
Tesoro Corp.		3,712		187,790
The Williams Cos., Inc.		18,837		764,405
Triangle Petroleum Corp. (a)(b)		3,207		26,426
Ultra Petroleum Corp. (a)(b)		4,244		114,121
VAALCO Energy, Inc. (a)		1,581		13,518
Valero Energy Corp.		15,031		798,146
W&T Offshore, Inc. (b)		988		17,102
Warren Resources, Inc. (a)		1,976		9,485
Western Refining, Inc. (b)		1,482		57,205
Whiting Petroleum Corp. (a)		3,260		226,211
World Fuel Services Corp. (b)		1,976		87,142
WPX Energy, Inc. (a)(b)		5,488		98,949
ZaZa Energy Corp. (a)(b)		1,013		762
Zion Oil & Gas, Inc. (a)(b)		494		944

				43,250,346

PAPER & FOREST PRODUCTS — 0.3%
Boise Cascade Co. (a)		395		11,313
Clearwater Paper Corp. (a)		593		37,163
Deltic Timber Corp. (b)		296		19,308
Domtar Corp.		902		101,222
International Paper Co.		12,234		561,296
KapStone Paper and Packaging Corp. (a)		2,175		62,727
Louisiana-Pacific Corp. (a)(b)		3,872		65,321
Neenah Paper, Inc.		395		20,429
P.H. Glatfelter Co.		1,185		32,256

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Resolute Forest Products, Inc. (a)		1,877	$	37,709
Schweitzer-Mauduit International, Inc.		889		37,862
Wausau Paper Corp.		1,383		17,606
Weyerhaeuser Co.		16,531		485,185

				1,489,397

PERSONAL PRODUCTS — 0.2%
Avon Products, Inc.		11,937		174,757
Coty, Inc. (Class A)		2,430		36,401
Elizabeth Arden, Inc. (a)		690		20,362
Herbalife, Ltd. (b)		2,367		135,558
Inter Parfums, Inc.		494		17,888
Lifevantage Corp. (a)(b)		3,161		4,141
Medifast, Inc. (a)(b)		395		11,490
Nu Skin Enterprises, Inc. (Class A) (b)		1,581		130,986
Revlon, Inc. (Class A) (a)		296		7,563
Star Scientific, Inc. (a)(b)		4,544		3,566
The Estee Lauder Cos., Inc. (Class A)		6,426		429,771
The Female Health Co. (b)		593		4,602
USANA Health Sciences, Inc. (a)(b)		198		14,917

				992,002

PHARMACEUTICALS — 5.2%
AbbVie, Inc.		44,051		2,264,221
AcelRx Pharmaceuticals, Inc. (a)(b)		593		7,122
Actavis PLC (a)		4,811		990,344
Akorn, Inc. (a)(b)		1,581		34,782
Allergan, Inc.		8,183		1,015,510
Auxilium Pharmaceuticals, Inc. (a)(b)		1,335		36,285
AVANIR Pharmaceuticals, Inc. (Class A) (a)(b)		3,951		14,500
Bristol-Myers Squibb Co.		45,677		2,372,920
ContraVir Pharmaceuticals, Inc. (a)(b)		210		473
DepoMed, Inc. (a)		1,581		22,925
Eli Lilly & Co.		27,591		1,624,006
Endo International PLC (a)		3,878		266,225
Endocyte, Inc. (a)(b)		790		18,810
Forest Laboratories, Inc. (a)		7,359		679,015
Hi-Tech Pharmacal Co., Inc. (a)(b)		296		12,826
Hospira, Inc. (a)		4,514		195,231
Impax Laboratories, Inc. (a)		1,877		49,590
Jazz Pharmaceuticals PLC (a)		1,285		178,204
Johnson & Johnson		77,656		7,628,149
Lannett Co., Inc. (a)		494		17,646
Mallinckrodt PLC (a)		1,664		105,514
Merck & Co., Inc.		83,609		4,746,483
Mylan, Inc. (a)		10,453		510,420
Nektar Therapeutics (a)(b)		3,187		38,626
Pacira Pharmaceuticals, Inc. (a)		790		55,292
Perrigo Co. PLC		3,497		540,846
Pfizer, Inc.		185,061		5,944,159
Prestige Brands Holdings, Inc. (a)		1,383		37,687
Questcor Pharmaceuticals, Inc. (b)		1,420		92,201
Repros Therapeutics, Inc. (a)(b)		494		8,764
Sagent Pharmaceuticals, Inc. (a)(b)		494		11,545
Salix Pharmaceuticals, Ltd. (a)(b)		1,679		173,961
Sciclone Pharmaceuticals, Inc. (a)(b)		1,482		6,743
The Medicines Co. (a)(b)		2,189		62,211
TherapeuticsMD, Inc. (a)(b)		2,173		13,712
VIVUS, Inc. (a)(b)		2,780		16,513
XenoPort, Inc. (a)(b)		1,185		6,126
Zoetis, Inc.		13,757		398,128

				30,197,715

PROFESSIONAL SERVICES — 0.4%
Acacia Research Corp. (b)		1,383		21,132
Barrett Business Services, Inc.		198		11,795
CBIZ, Inc. (a)(b)		1,087		9,957
CDI Corp.		395		6,774
CRA International, Inc. (a)		296		6,503
Dun & Bradstreet Corp. (b)		1,136		112,862
Equifax, Inc.		3,342		227,356
Exponent, Inc.		395		29,649
FTI Consulting, Inc. (a)(b)		1,087		36,241
GP Strategies Corp. (a)(b)		395		10,756
Heidrick & Struggles International, Inc.		494		9,915
Huron Consulting Group, Inc. (a)		593		37,584
ICF International, Inc. (a)		494		19,666
IHS, Inc. (Class A) (a)		1,833		222,710
Insperity, Inc.		593		18,371
Kelly Services, Inc. (Class A)		790		18,747
Kforce, Inc.		790		16,843
Korn/Ferry International (a)		1,383		41,172
Manpower, Inc.		2,098		165,385
Mistras Group, Inc. (a)		395		8,994
Navigant Consulting, Inc. (a)		1,383		25,807
Nielsen Holdings NV		6,026		268,940
Odyssey Marine Exploration, Inc. (a)(b)		2,173		4,976
On Assignment, Inc. (a)		1,284		49,550
Pendrell Corp. (a)(b)		4,445		8,134
Resources Connection, Inc.		1,087		15,316
Robert Half International, Inc.		3,874		162,514
RPX Corp. (a)		889		14,473
The Advisory Board Co. (a)(b)		988		63,479
The Corporate Executive Board Co.		889		65,990
Towers Watson & Co. (Class A)		1,778		202,781
TrueBlue, Inc. (a)		1,087		31,806
Verisk Analytics, Inc. (Class A) (a)		4,149		248,774
VSE Corp.		99		5,217
WageWorks, Inc. (a)		690		38,716

				2,238,885

REAL ESTATE INVESTMENT TRUSTS — 3.3%
Acadia Realty Trust		1,482		39,095
AG Mortgage Investment Trust, Inc. (b)		790		13,833
Agree Realty Corp.		407		12,377
Alexander’s, Inc.		99		35,738
Alexandria Real Estate Equities, Inc.		1,976		143,379
Altisource Residential Corp. (b)		1,703		53,747
American Assets Trust, Inc.		908		30,636
American Campus Communities, Inc.		2,880		107,568
American Capital Agency Corp.		9,165		196,956
American Capital Mortgage Investment Corp.		1,581		29,675
American Homes 4 Rent (Class A)		1,417		23,678
American Realty Capital Properties, Inc. (b)		13,048		182,933
American Residential Properties, Inc. (a)		395		7,102
American Tower Corp.		11,158		913,505

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

AmREIT, Inc.		494	$	8,186
Annaly Capital Management, Inc. (b)		26,075		286,043
Anworth Mortgage Asset Corp.		3,951		19,597
Apartment Investment & Management Co. (Class A)		4,054		122,512
Apollo Commercial Real Estate Finance, Inc. (b)		989		16,447
Apollo Residential Mortgage, Inc.		889		14,428
Armada Hoffler Properties, Inc.		494		4,960
ARMOUR Residential REIT, Inc. (b)		10,274		42,329
Ashford Hospitality Prime, Inc.		292		4,415
Ashford Hospitality Trust, Inc.		1,459		16,443
Associated Estates Realty Corp.		1,383		23,428
AvalonBay Communities, Inc.		3,641		478,136
Aviv REIT, Inc.		296		7,237
BioMed Realty Trust, Inc.		5,169		105,913
Boston Properties, Inc.		4,227		484,118
Brandywine Realty Trust		4,345		62,829
BRE Properties, Inc.		2,121		133,156
Brixmor Property Group, Inc.		2,000		42,660
Camden Property Trust		2,316		155,959
Campus Crest Communities, Inc. (b)		1,778		15,433
Capstead Mortgage Corp. (b)		2,667		33,764
CBL & Associates Properties, Inc. (b)		4,458		79,130
Cedar Realty Trust, Inc.		1,983		12,116
Chambers Street Properties (b)		6,816		52,960
Chatham Lodging Trust		494		9,989
Chesapeake Lodging Trust		1,383		35,585
Chimera Investment Corp.		28,350		86,751
Colony Financial, Inc.		2,778		60,977
CommonWealth REIT (b)		3,260		85,738
Coresite Realty Corp. (b)		608		18,848
Corporate Office Properties Trust		2,323		61,885
Corrections Corp. of America (b)		3,161		99,003
Cousins Properties, Inc.		5,863		67,249
Crown Castle International Corp.		9,451		697,295
CubeSmart		3,655		62,720
CyrusOne, Inc.		494		10,290
CYS Investments, Inc. (b)		4,839		39,970
DCT Industrial Trust, Inc.		8,000		63,040
DDR Corp.		8,959		147,644
DiamondRock Hospitality Co.		5,433		63,838
Digital Realty Trust, Inc. (b)		3,526		187,160
Douglas Emmett, Inc.		3,951		107,230
Duke Realty Corp.		8,834		149,118
DuPont Fabros Technology, Inc. (b)		1,679		40,414
Dynex Capital, Inc.		1,482		13,264
EastGroup Properties, Inc. (b)		790		49,699
Education Realty Trust, Inc.		3,161		31,199
Empire State Realty Trust, Inc. (Class A) (b)		3,200		48,352
EPR Properties		1,689		90,176
Equity Lifestyle Properties, Inc.		2,371		96,381
Equity One, Inc.		1,679		37,509
Equity Residential		9,961		577,638
Essex Property Trust, Inc.		1,087		184,844
Excel Trust, Inc.		1,284		16,281
Extra Space Storage, Inc.		3,088		149,799
Federal Realty Investment Trust		1,778		203,972
FelCor Lodging Trust, Inc.		3,456		31,242
First Industrial Realty Trust, Inc.		2,964		57,264
First Potomac Realty Trust		1,581		20,427
Franklin Street Properties Corp.		2,470		31,122
Gaming and Leisure Properties, Inc.		2,858		104,203
General Growth Properties, Inc.		16,397		360,734
Getty Realty Corp. (b)		690		13,034
Gladstone Commercial Corp. (b)		296		5,133
Glimcher Realty Trust		3,951		39,629
Government Properties Income Trust (b)		1,482		37,346
Gramercy Property Trust, Inc. (b)		1,679		8,664
Hatteras Financial Corp.		2,766		52,139
HCP, Inc.		12,533		486,155
Health Care REIT, Inc.		7,878		469,529
Healthcare Realty Trust, Inc.		3,179		76,773
Healthcare Trust of America, Inc. (Class A) (b)		3,062		34,876
Hersha Hospitality Trust		5,532		32,252
Highwoods Properties, Inc.		2,879		110,582
Home Properties, Inc.		1,778		106,893
Hospitality Properties Trust		4,630		132,974
Host Hotels & Resorts, Inc.		20,497		414,859
Hudson Pacific Properties, Inc.		1,185		27,338
Inland Real Estate Corp.		2,371		25,014
Invesco Mortgage Capital, Inc.		3,754		61,828
Investors Real Estate Trust		2,820		25,324
iStar Financial, Inc. (a)(b)		2,378		35,099
Kilroy Realty Corp.		2,478		145,161
Kimco Realty Corp.		11,250		246,150
Kite Realty Group Trust		5,768		34,608
LaSalle Hotel Properties		3,266		102,258
Lexington Realty Trust (b)		5,767		62,918
Liberty Property Trust		3,922		144,957
LTC Properties, Inc.		988		37,178
Mack-Cali Realty Corp.		2,470		51,351
Medical Properties Trust, Inc.		4,149		53,066
MFA Financial, Inc.		9,977		77,322
Mid-America Apartment Communities, Inc.		2,074		141,592
Monmouth Real Estate Investment Corp.(Class A)		1,171		11,171
National Health Investors, Inc. (b)		990		59,855
National Retail Properties, Inc. (b)		3,251		111,574
New Residential Investment Corp.		7,014		45,381
New York Mortgage Trust, Inc. (b)		1,778		13,833
NorthStar Realty Finance Corp.		8,065		130,169
OMEGA Healthcare Investors, Inc.		3,768		126,303
One Liberty Properties, Inc.		296		6,311
Parkway Properties, Inc.		2,385		43,526
Pebblebrook Hotel Trust		1,679		56,700
Pennsylvania Real Estate Investment Trust		1,887		34,060
PennyMac Mortgage Investment Trust		2,493		59,583
Piedmont Office Realty Trust, Inc. (Class A)		4,643		79,627
Plum Creek Timber Co., Inc.		4,879		205,113
Post Properties, Inc.		1,468		72,079
Potlatch Corp.		1,087		42,056
ProLogis		13,743		561,127
PS Business Parks, Inc.		494		41,308
Public Storage		4,004		674,634
RAIT Financial Trust (b)		1,976		16,776

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Ramco-Gershenson Properties Trust		1,679	$	27,368
Rayonier, Inc.		3,456		158,665
Realty Income Corp. (b)		6,060		247,612
Redwood Trust, Inc. (b)		2,272		46,076
Regency Centers Corp.		2,480		126,629
Resource Capital Corp. (b)		3,456		19,250
Retail Opportunity Investments Corp. (b)		1,860		27,788
Retail Properties of America, Inc. (Class A)		3,655		49,489
RLJ Lodging Trust		3,362		89,900
Rouse Properties, Inc. (b)		593		10,223
Ryman Hospitality Properties (b)		1,172		49,833
Sabra Healthcare REIT, Inc. (b)		988		27,555
Saul Centers, Inc.		198		9,377
Select Income REIT		494		14,953
Senior Housing Properties Trust		5,153		115,788
Silver Bay Realty Trust Corp.		395		6,130
Simon Property Group, Inc.		8,629		1,415,156
SL Green Realty Corp.		2,561		257,688
Sovran Self Storage, Inc.		889		65,297
Spirit Realty Capital, Inc.		12,122		133,100
STAG Industrial, Inc. (b)		1,185		28,559
Starwood Property Trust, Inc. (b)		5,961		140,620
Starwood Waypoint Residential Trust (a)		1,192		34,318
Strategic Hotels & Resorts, Inc. (a)		4,995		50,899
Summit Hotel Properties, Inc.		1,778		16,500
Sun Communities, Inc. (b)		988		44,549
Sunstone Hotel Investors, Inc.		6,130		84,165
Tanger Factory Outlet Centers, Inc.		2,572		90,020
Taubman Centers, Inc.		1,778		125,865
Terreno Realty Corp.		494		9,342
The Macerich Co.		3,804		237,103
Two Harbors Investment Corp.		10,076		103,279
UDR, Inc.		6,910		178,485
Universal Health Realty Income Trust		296		12,503
Ventas, Inc.		8,119		491,768
Vornado Realty Trust		5,147		507,288
Washington Real Estate Investment Trust (b)		1,877		44,823
Weingarten Realty Investors		3,272		98,160
Western Asset Mortgage Capital Corp. (b)		756		11,824
Whitestone REIT (b)		494		7,133
Winthrop Realty Trust		790		9,156
WP Carey, Inc. (b)		1,581		94,971

				19,213,666

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2%
Alexander & Baldwin, Inc.		1,185		50,434
CBRE Group, Inc. (a)		7,682		210,717
Consolidated-Tomoka Land Co. (b)		198		7,975
Forest City Enterprises, Inc. (Class A) (a)		4,345		82,990
Forestar Group, Inc. (a)(b)		958		17,052
Jones Lang LaSalle, Inc.		1,187		140,659
Kennedy-Wilson Holdings, Inc.		2,382		53,619
Realogy Holdings Corp. (a)(b)		3,260		141,647
Tejon Ranch Co. (a)		395		13,363
The Howard Hughes Corp. (a)		1,087		155,126
The St. Joe Co. (a)(b)		1,805		34,746

				908,328

ROAD & RAIL — 1.0%
AMERCO, Inc.		198		45,960
Arkansas Best Corp.		690		25,496
Avis Budget Group, Inc. (a)(b)		2,991		145,662
Celadon Group, Inc.		593		14,256
Con-way, Inc.		1,600		65,728
CSX Corp.		28,159		815,766
Genesee & Wyoming, Inc. (Class A) (a)		1,185		115,324
Heartland Express, Inc. (b)		1,284		29,134
Hertz Global Holdings, Inc. (a)		9,582		255,264
J.B. Hunt Transport Services, Inc.		2,673		192,242
Kansas City Southern		3,031		309,344
Knight Transportation, Inc. (b)		1,581		36,569
Landstar System, Inc.		1,275		75,505
Marten Transport, Ltd.		690		14,849
Norfolk Southern Corp.		8,665		841,978
Old Dominion Freight Line, Inc. (a)		1,976		112,118
Patriot Transportation Holding, Inc. (a)(b)		198		7,138
Quality Distribution, Inc. (a)		593		7,703
Roadrunner Transportation Systems, Inc. (a)(b)		494		12,469
Ryder Systems, Inc.		1,383		110,529
Saia, Inc. (a)		690		26,365
Swift Transportation Co. (a)(b)		2,272		56,232
Union Pacific Corp.		12,902		2,421,189
Werner Enterprises, Inc. (b)		1,284		32,755
YRC Worldwide, Inc. (a)(b)		296		6,660

				5,776,235

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.3%
Advanced Energy Industries, Inc. (a)		1,087		26,631
Advanced Micro Devices, Inc. (a)(b)		16,152		64,770
Altera Corp.		8,802		318,984
Ambarella, Inc. (a)(b)		494		13,195
Amkor Technology, Inc. (a)(b)		1,778		12,197
Anadigics, Inc. (a)(b)		2,289		3,891
Analog Devices, Inc.		8,482		450,733
Applied Materials, Inc.		33,135		676,617
Applied Micro Circuits Corp. (a)(b)		1,877		18,582
Atmel Corp. (a)		11,854		99,099
ATMI, Inc. (a)		889		30,235
Avago Technologies, Ltd.		6,816		439,019
Axcelis Technologies, Inc. (a)		2,964		6,373
Broadcom Corp. (Class A)		15,682		493,669
Brooks Automation, Inc.		1,877		20,516
Cabot Microelectronics Corp. (a)		593		26,092
Cavium, Inc. (a)(b)		1,383		60,479
CEVA, Inc. (a)		593		10,413
Cirrus Logic, Inc. (a)(b)		1,717		34,117
Cohu, Inc.		690		7,411
Cree, Inc. (a)(b)		3,242		183,368
Cypress Semiconductor Corp. (a)(b)		4,059		41,686
Diodes, Inc. (a)		988		25,807
Entegris, Inc. (a)		3,853		46,660
Entropic Communications, Inc. (a)(b)		2,470		10,102
Exar Corp. (a)		1,087		12,990

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Fairchild Semiconductor International, Inc. (a)		3,456	$	47,658
First Solar, Inc. (a)(b)		1,978		138,045
Formfactor, Inc. (a)		1,482		9,470
Freescale Semiconductor, Ltd. (a)		1,581		38,592
GT Advanced Technologies, Inc. (a)(b)		3,260		55,583
Hittite Microwave Corp.		889		56,043
Inphi Corp. (a)		690		11,102
Integrated Device Technology, Inc. (a)		3,655		44,701
Integrated Silicon Solution, Inc. (a)		790		12,284
Intel Corp.		137,835		3,557,521
International Rectifier Corp. (a)		1,873		51,320
Intersil Corp. (Class A)		3,504		45,272
IXYS Corp.		690		7,832
KLA-Tencor Corp.		4,598		317,906
Kopin Corp. (a)(b)		1,778		6,721
Lam Research Corp. (a)		4,471		245,905
Lattice Semiconductor Corp. (a)		3,161		24,782
Linear Technology Corp.		6,447		313,904
LSI Corp.		15,111		167,279
LTX-Credence Corp. (a)		1,284		11,440
Marvell Technology Group, Ltd.		10,913		171,880
Maxim Integrated Products, Inc.		7,983		264,397
Micrel, Inc.		1,284		14,227
Microchip Technology, Inc. (b)		5,389		257,379
Micron Technology, Inc. (a)		28,383		671,542
Microsemi Corp. (a)		2,596		64,978
MKS Instruments, Inc.		1,470		43,938
Monolithic Power Systems, Inc. (a)		988		38,305
MoSys, Inc. (a)(b)		1,284		5,829
Nanometrics, Inc. (a)		593		10,656
NVE Corp. (a)(b)		99		5,647
NVIDIA Corp.		15,937		285,432
OmniVision Technologies, Inc. (a)(b)		1,482		26,231
ON Semiconductor Corp. (a)		12,433		116,870
PDF Solutions, Inc. (a)		690		12,537
Peregrine Semiconductor Corp. (a)		690		4,175
Photronics, Inc. (a)(b)		1,679		14,322
PLX Technology, Inc. (a)		1,284		7,768
PMC-Sierra, Inc. (a)		5,631		42,852
Power Integrations, Inc.		790		51,966
Rambus, Inc. (a)(b)		3,085		33,164
RF Micro Devices, Inc. (a)		7,705		60,715
Rudolph Technologies, Inc. (a)		889		10,143
Semtech Corp. (a)		1,877		47,563
Sigma Designs, Inc. (a)		818		3,894
Silicon Image, Inc. (a)		2,173		14,994
Silicon Laboratories, Inc. (a)		1,185		61,916
Skyworks Solutions, Inc. (a)		5,290		198,481
Spansion, Inc. (Class A) (a)		1,284		22,367
SunEdison, Inc. (a)(b)		6,642		125,135
SunPower Corp. (a)(b)		1,151		37,131
Supertex, Inc. (a)		296		9,762
Synaptics, Inc. (a)(b)		889		53,358
Teradyne, Inc. (a)		5,273		104,880
Tessera Technologies, Inc.		1,482		35,020
Texas Instruments, Inc.		31,043		1,463,677
TriQuint Semiconductor, Inc. (a)		4,544		60,844
Ultratech, Inc. (a)(b)		790		23,060
Veeco Instruments, Inc. (a)(b)		1,087		45,578
Xilinx, Inc.		7,250		393,457

				13,213,066

SOFTWARE — 3.8%
Accelrys, Inc. (a)		1,581		19,699
ACI Worldwide, Inc. (a)		1,087		64,340
Activision Blizzard, Inc.		7,374		150,725
Actuate Corp. (a)		1,284		7,730
Adobe Systems, Inc. (a)		13,837		909,644
Advent Software, Inc. (b)		889		26,101
American Software, Inc. (Class A)		690		7,017
Ansys, Inc. (a)		2,568		197,787
Aspen Technology, Inc. (a)		2,568		108,780
Autodesk, Inc. (a)		6,151		302,506
AVG Technologies NV (a)(b)		690		14,462
Blackbaud, Inc.		1,284		40,189
Bottomline Technologies, Inc. (a)(b)		1,087		38,208
BroadSoft, Inc. (a)(b)		790		21,117
CA, Inc.		9,001		278,761
Cadence Design Systems, Inc. (a)		7,802		121,243
Callidus Software, Inc. (a)(b)		988		12,370
Citrix Systems, Inc. (a)		5,143		295,362
CommVault Systems, Inc. (a)(b)		1,284		83,396
Compuware Corp.		5,915		62,107
Comverse, Inc. (a)		603		20,852
Concur Technologies, Inc. (a)(b)		1,280		126,810
Ebix, Inc. (b)		889		15,175
Electronic Arts, Inc. (a)		8,332		241,711
Ellie Mae, Inc. (a)(b)		690		19,900
EPIQ Systems, Inc.		889		12,117
ePlus, Inc. (a)		99		5,520
FactSet Research Systems, Inc. (b)		1,185		127,755
Fair Isaac Corp.		988		54,656
FireEye, Inc. (a)(b)		506		31,154
FleetMatics Group PLC (a)(b)		494		16,524
Fortinet, Inc. (a)		3,754		82,701
Guidewire Software, Inc. (a)		1,590		77,989
Imperva, Inc. (a)		593		33,030
Infoblox, Inc. (a)		1,383		27,743
Informatica Corp. (a)		2,964		111,980
Interactive Intelligence Group (a)		395		28,637
Intuit, Inc.		8,226		639,407
Jive Software, Inc. (a)(b)		1,087		8,707
Manhattan Associates, Inc. (a)		1,786		62,564
Mentor Graphics Corp.		2,667		58,727
MICROS Systems, Inc. (a)		2,173		115,017
Microsoft Corp.		230,956		9,466,886
MicroStrategy, Inc. (a)		296		34,155
Monotype Imaging Holdings, Inc.		1,087		32,762
Netscout Systems, Inc. (a)		988		37,129
NetSuite, Inc. (a)(b)		988		93,692
Nuance Communications, Inc. (a)(b)		7,217		123,916
Oracle Corp.		93,169		3,811,544
Pegasystems, Inc.		494		17,448
Progress Software Corp. (a)		1,482		32,308
Proofpoint, Inc. (a)		593		21,988
PROS Holdings, Inc. (a)		593		18,685
PTC, Inc. (a)		3,304		117,061
QLIK Technologies, Inc. (a)		2,371		63,045
Quality Systems, Inc. (b)		1,087		18,349
Qualys, Inc. (a)(b)		395		10,045
RealPage, Inc. (a)(b)		1,284		23,317

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Red Hat, Inc. (a)		5,264	$	278,887
Rovi Corp. (a)		2,823		64,308
Salesforce.com, Inc. (a)		16,284		929,654
SeaChange International, Inc. (a)		889		9,281
ServiceNow, Inc. (a)		2,173		130,206
SolarWinds, Inc. (a)		1,778		75,796
Solera Holdings, Inc.		1,926		121,993
Splunk, Inc. (a)		3,265		233,415
SS&C Technologies Holdings, Inc. (a)		1,581		63,272
Symantec Corp.		19,206		383,544
Synchronoss Technologies, Inc. (a)(b)		790		27,089
Synopsys, Inc. (a)		4,229		162,436
Tableau Software, Inc. (Class A) (a)(b)		296		22,520
Take-Two Interactive Software, Inc. (a)		2,272		49,825
Tangoe, Inc. (a)(b)		889		16,527
TIBCO Software, Inc. (a)		4,544		92,334
TiVo, Inc. (a)		3,456		45,723
Tyler Technologies, Inc. (a)		889		74,392
Ultimate Software Group, Inc. (a)		790		108,230
Vasco Data Security International (a)(b)		790		5,957
Verint Systems, Inc. (a)		1,496		70,207
VirnetX Holding Corp. (a)(b)		1,185		16,803
VMware, Inc. (Class A) (a)(b)		2,327		251,363
Vringo, Inc. (a)(b)		1,877		6,513
Workday, Inc. (Class A) (a)		1,288		117,762
Zynga, Inc. (Class A) (a)		16,102		69,239

				22,029,826

SPECIALTY RETAIL — 2.4%
Aaron’s, Inc. (b)		2,073		62,688
Abercrombie & Fitch Co. (Class A) (b)		2,152		82,852
Advance Auto Parts, Inc.		2,003		253,380
Aeropostale, Inc. (a)(b)		2,193		11,009
America’s Car-Mart, Inc. (a)(b)		198		7,271
American Eagle Outfitters, Inc. (b)		5,268		64,480
ANN, Inc. (a)		1,284		53,260
Asbury Automotive Group, Inc. (a)		889		49,171
Ascena Retail Group, Inc. (a)		3,556		61,448
AutoNation, Inc. (a)		1,419		75,533
AutoZone, Inc. (a)		999		536,563
Barnes & Noble, Inc. (a)(b)		1,087		22,718
bebe stores, inc. (b)		988		6,047
Bed Bath & Beyond, Inc. (a)		6,068		417,478
Best Buy Co., Inc.		7,532		198,920
Big 5 Sporting Goods Corp. (b)		494		7,929
Body Central Corp. (a)(b)		494		529
Brown Shoe Co., Inc.		1,185		31,450
Cabela’s, Inc. (a)(b)		1,284		84,115
CarMax, Inc. (a)(b)		6,222		291,190
Chico’s FAS, Inc.		4,513		72,343
Christopher & Banks Corp. (a)		988		6,531
Citi Trends, Inc. (a)		395		6,435
Conn’s, Inc. (a)(b)		593		23,038
CST Brands, Inc. (b)		1,648		51,484
Destination Maternity Corp.		395		10,823
Destination XL Group, Inc. (a)(b)		1,185		6,683
Dick’s Sporting Goods, Inc.		2,715		148,266
DSW, Inc. (Class A)		1,976		70,859
Express, Inc. (a)		2,371		37,651
Five Below, Inc. (a)(b)		889		37,765
Foot Locker, Inc.		4,178		196,282
Francesca’s Holdings Corp. (a)(b)		1,185		21,496
GameStop Corp. (Class A) (b)		3,249		133,534
Genesco, Inc. (a)(b)		625		46,606
GNC Holdings, Inc. (Class A)		2,667		117,401
Group 1 Automotive, Inc. (b)		593		38,936
Guess?, Inc.		1,679		46,340
Haverty Furniture Cos., Inc.		593		17,612
hhgregg, Inc. (a)(b)		395		3,796
Hibbett Sports, Inc. (a)(b)		690		36,487
Jos. A. Bank Clothiers, Inc. (a)		790		50,797
Kirkland’s, Inc. (a)		395		7,304
L Brands, Inc.		6,630		376,385
Lithia Motors, Inc. (Class A)		593		39,411
Lowe’s Cos., Inc.		28,708		1,403,821
Lumber Liquidators Holdings, Inc. (a)(b)		790		74,102
MarineMax, Inc. (a)(b)		690		10,481
Mattress Firm Holding Corp. (a)(b)		395		18,893
Monro Muffler Brake, Inc.		889		50,566
Murphy USA, Inc. (a)		1,309		53,132
O’Reilly Automotive, Inc. (a)		3,064		454,667
Office Depot, Inc. (a)(b)		17,016		70,276
Outerwall, Inc. (a)(b)		790		57,275
Penske Automotive Group, Inc.		1,185		50,671
Pep Boys-Manny, Moe & Jack (a)		1,482		18,851
PetSmart, Inc. (b)		2,893		199,299
Pier 1 Imports, Inc. (b)		2,592		48,937
RadioShack Corp. (a)(b)		2,735		5,798
Rent-A-Center, Inc. (b)		1,576		41,922
Restoration Hardware Holdings, Inc. (a)		494		36,353
Ross Stores, Inc.		6,310		451,481
Sally Beauty Holdings, Inc. (a)		4,643		127,218
Sears Hometown and Outlet Stores, Inc. (a)		198		4,683
Select Comfort Corp. (a)(b)		1,581		28,584
Shoe Carnival, Inc.		395		9,101
Signet Jewelers, Ltd.		2,272		240,514
Sonic Automotive, Inc. (Class A)		1,087		24,436
Stage Stores, Inc. (b)		889		21,736
Staples, Inc. (b)		18,294		207,454
Stein Mart, Inc.		790		11,068
The Buckle, Inc. (b)		790		36,182
The Cato Corp. (Class A)		790		21,362
The Children’s Place Retail Stores, Inc.		593		29,537
The Container Store Group, Inc. (a)(b)		405		13,750
The Finish Line, Inc. (Class A)		1,383		37,465
The Gap, Inc.		7,674		307,420
The Home Depot, Inc.		40,517		3,206,110
The Men’s Wearhouse, Inc.		1,366		66,907
The Wet Seal, Inc. (Class A) (a)(b)		2,470		3,260
Tiffany & Co.		3,061		263,705
Tile Shop Holdings, Inc. (a)(b)		494		7,632
TJX Cos., Inc.		20,096		1,218,822
Tractor Supply Co.		3,659		258,435

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Ulta Salon Cosmetics & Fragrance, Inc. (a)		1,778	$	173,319
Urban Outfitters, Inc. (a)		2,976		108,535
Vitamin Shoppe, Inc. (a)(b)		790		37,541
West Marine, Inc. (a)		494		5,617
Williams-Sonoma, Inc.		2,715		180,928
Zale Corp. (a)		889		18,589
Zumiez, Inc. (a)(b)		593		14,374

				13,653,105

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.4%
3D Systems Corp. (a)(b)		2,766		163,609
Apple, Inc.		25,963		13,935,381
Cray, Inc. (a)(b)		1,087		40,567
Diebold, Inc. (b)		1,778		70,924
Electronics for Imaging, Inc. (a)		1,284		55,610
EMC Corp.		58,459		1,602,361
Fusion-io, Inc. (a)(b)		2,073		21,808
Hewlett-Packard Co.		54,128		1,751,582
Immersion Corp. (a)(b)		790		8,334
Lexmark International, Inc. (Class A)		1,716		79,434
NCR Corp. (a)		4,523		165,316
NetApp, Inc.		9,949		367,118
QLogic Corp. (a)		2,424		30,906
Quantum Corp. (a)(b)		5,828		7,110
SanDisk Corp.		6,265		508,655
Silicon Graphics International Corp. (a)(b)		889		10,917
Stratasys, Ltd. (a)(b)		1,089		115,532
Super Micro Computer, Inc. (a)		889		15,442
Western Digital Corp.		5,979		548,992

				19,499,598

TEXTILES, APPAREL & LUXURY GOODS — 0.9%
Carter’s, Inc.		1,671		129,753
Coach, Inc.		7,708		382,779
Columbia Sportswear Co.		395		32,647
Crocs, Inc. (a)		2,474		38,594
Deckers Outdoor Corp. (a)		988		78,773
Fossil Group, Inc. (a)		1,484		173,049
G-III Apparel Group, Ltd. (a)		494		35,361
Hanesbrands, Inc.		2,762		211,238
Iconix Brand Group, Inc. (a)(b)		1,602		62,911
Kate Spade & Co. (a)		3,288		121,952
Michael Kors Holdings, Ltd. (a)		5,532		515,970
Movado Group, Inc.		494		22,502
NIKE, Inc. (Class B)		19,765		1,459,843
Oxford Industries, Inc.		395		30,889
Perry Ellis International, Inc. (a)		296		4,067
PVH Corp.		2,272		283,477
Quiksilver, Inc. (a)(b)		3,633		27,284
Ralph Lauren Corp.		1,679		270,201
Skechers U.S.A., Inc. (a)		1,087		39,719
Steven Madden, Ltd. (a)		1,631		58,683
The Jones Group, Inc.		2,159		32,320
Tumi Holdings, Inc. (a)(b)		1,284		29,057
Under Armour, Inc. (Class A) (a)(b)		2,306		264,360
Unifi, Inc. (a)		395		9,113
V.F. Corp.		9,792		605,929
Vera Bradley, Inc. (a)		593		16,005
Wolverine World Wide, Inc. (b)		2,679		76,485

				5,012,961

THRIFTS & MORTGAGE FINANCE — 0.2%
Astoria Financial Corp.		2,401		33,182
Bank Mutual Corp.		1,284		8,141
Beneficial Mutual Bancorp, Inc. (a)(b)		889		11,726
Berkshire Hills Bancorp, Inc.		689		17,831
BofI Holding, Inc. (a)		296		25,382
Brookline Bancorp, Inc. (b)		1,976		18,614
Capitol Federal Financial, Inc.		4,149		52,070
Charter Financial Corp.		593		6,410
Dime Community Bancshares		889		15,095
Doral Financial Corp. (a)(b)		215		1,866
EverBank Financial Corp. (b)		2,173		42,873
Federal Agricultural Mortgage Corp. (Class C)		296		9,842
First Defiance Financial Corp.		296		8,028
Flagstar Bancorp, Inc. (a)(b)		593		13,176
Fox Chase Bancorp, Inc.		296		4,988
Franklin Financial Corp. (a)		296		5,790
Home Loan Servicing Solutions, Ltd. (b)		2,594		56,030
HomeStreet, Inc. (b)		395		7,722
Hudson City Bancorp, Inc.		14,528		142,810
MGIC Investment Corp. (a)(b)		8,594		73,221
Nationstar Mortgage Holdings, Inc. (a)(b)		593		19,249
New York Community Bancorp, Inc. (b)		12,178		195,700
Northfield Bancorp, Inc.		1,581		20,332
Northwest Bancshares, Inc. (b)		2,568		37,493
OceanFirst Financial Corp.		337		5,962
Ocwen Financial Corp. (a)(b)		2,865		112,251
Oritani Financial Corp.		1,284		20,300
PennyMac Financial Services, Inc. (Class A) (a)(b)		395		6,573
People’s United Financial, Inc. (b)		9,130		135,763
Provident Financial Services, Inc.		1,679		30,843
Radian Group, Inc.		4,783		71,888
Rockville Financial, Inc.		790		10,736
Territorial Bancorp, Inc.		296		6,394
TFS Financial Corp. (a)		2,173		27,010
TrustCo Bank Corp. NY		2,554		17,980
United Financial Bancorp, Inc.		494		9,085
Walker & Dunlop, Inc. (a)		494		8,077
Washington Federal, Inc.		2,865		66,755
WSFS Financial Corp.		198		14,143

				1,371,331

TOBACCO — 1.2%
Alliance One International, Inc. (a)		2,371		6,923
Altria Group, Inc.		55,969		2,094,920
Lorillard, Inc.		10,440		564,595
Philip Morris International, Inc.		45,271		3,706,337
Reynolds American, Inc.		8,641		461,602
Universal Corp. (b)		690		38,564
Vector Group, Ltd. (b)		1,762		37,954

				6,910,895

TRADING COMPANIES & DISTRIBUTORS — 0.3%
Aceto Corp.		790		15,871

SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Air Lease Corp.		1,976	$	73,685
Aircastle, Ltd.		1,877		36,376
Applied Industrial Technologies, Inc.		1,185		57,164
Beacon Roofing Supply, Inc. (a)		1,383		53,467
CAI International, Inc. (a)		494		12,187
DXP Enterprises, Inc. (a)		296		28,099
Fastenal Co. (b)		8,127		400,824
GATX Corp.		1,284		87,158
H&E Equipment Services, Inc. (a)		790		31,956
HD Supply Holdings, Inc. (a)(b)		2,329		60,903
Houston Wire & Cable Co. (b)		494		6,486
Kaman Corp. (b)		700		28,476
MRC Global, Inc. (a)		2,272		61,253
MSC Industrial Direct Co., Inc. (Class A) (b)		1,284		111,092
Rush Enterprises, Inc. (Class A) (a)(b)		988		32,090
TAL International Group, Inc. (a)(b)		889		38,112
Textainer Group Holdings, Ltd. (b)		593		22,694
Titan Machinery, Inc. (a)(b)		494		7,741
United Rentals, Inc. (a)(b)		2,568		243,806
W.W. Grainger, Inc.		1,693		427,753
Watsco, Inc.		690		68,938
WESCO International, Inc. (a)(b)		1,185		98,616

				2,004,747

TRANSPORTATION INFRASTRUCTURE — 0.0% (e)
Wesco Aircraft Holdings, Inc. (a)		1,087		23,925

WATER UTILITIES — 0.1%
American States Water Co.		988		31,902
American Water Works Co., Inc.		4,939		224,231
Aqua America, Inc.		4,827		121,013
Artesian Resources Corp. (Class A) (b)		227		5,098
California Water Service Group		1,284		30,739
Connecticut Water Service, Inc.		263		8,987
SJW Corp.		395		11,676

				433,646

WIRELESS TELECOMMUNICATION SERVICES — 0.1%
Leap Wireless International, Inc. (f)		1,438		3,624
NII Holdings, Inc. (a)(b)		4,734		5,633
NTELOS Holdings Corp. (b)		395		5,332
SBA Communications Corp. (Class A) (a)		3,507		318,997
Shenandoah Telecommunications Co. (b)		690		22,280
Sprint Corp. (a)(b)		21,900		201,261
T-Mobile US, Inc. (a)		5,692		188,007
Telephone & Data Systems, Inc.		2,621		68,696
US Cellular Corp.		395		16,199
USA Mobility, Inc.		593		10,775

				840,804

TOTAL COMMON STOCKS —
(Cost $420,846,877)				578,925,970

RIGHTS — 0.0% (e)
BIOTECHNOLOGY — 0.0% (e)
Cubist Pharmaceuticals, Inc. (expiring 12/31/16) (a) (Cost $3,036)		1,366		888

WARRANTS — 0.0% (e)
OIL, GAS & CONSUMABLE FUELS — 0.0% (e)
Magnum Hunter Resources (expiring 4/15/16) (a)(b)(c)		468		0

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (e)
Tejon Ranch Co. (expiring 08/31/16) (a)		57		208

TOTAL WARRANTS —
(Cost $339)				208

SHORT TERM INVESTMENTS — 5.4%
MONEY MARKET FUNDS — 5.4%
State Street Navigator Securities Lending Prime Portfolio (g)(h)		30,910,719		30,910,719
State Street Institutional Liquid Reserves Fund 0.08% (h)(i)		556,631		556,631

TOTAL SHORT TERM INVESTMENTS —
(Cost $31,467,350)				31,467,350

TOTAL INVESTMENTS — 105.2% (j)
(Cost $452,317,602)				610,394,416
OTHER ASSETS & LIABILITIES — (5.2)%				(30,266,984	)

NET ASSETS — 100.0%			$	580,127,432


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs (See accompanying Notes to Schedules of Investments).
(d)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(e)		Amount shown represents less than 0.05% of net assets.
(f)		Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(g)		Investments of cash collateral for securities loaned
(h)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(i)		The rate shown is the annualized seven-day yield at period end.
(j)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
AEROSPACE & DEFENSE — 2.7%
Alliant Techsystems, Inc. (a)		84	$	11,941
BE Aerospace, Inc. (b)		271		23,520
Exelis, Inc.		516		9,809
General Dynamics Corp. (a)		824		89,750
Hexcel Corp. (b)		276		12,017
Honeywell International, Inc.		2,162		200,547
Huntington Ingalls Industries, Inc.		134		13,703
L-3 Communications Holdings, Inc. (a)		257		30,364
Lockheed Martin Corp. (a)		711		116,064
Northrop Grumman Corp.		598		73,781
Precision Castparts Corp.		404		102,115
Raytheon Co. (a)		905		89,405
Rockwell Collins, Inc. (a)		368		29,319
Spirit Aerosystems Holdings, Inc. (Class A) (b)		324		9,134
Textron, Inc. (a)		786		30,882
The Boeing Co.		2,079		260,894
TransDigm Group, Inc. (a)		140		25,928
Triumph Group, Inc. (a)		144		9,299
United Technologies Corp.		2,523		294,787

				1,433,259

AIR FREIGHT & LOGISTICS — 0.7%
C.H. Robinson Worldwide, Inc. (a)		435		22,790
Expeditors International of Washington, Inc.		564		22,351
FedEx Corp. (a)		814		107,904
United Parcel Service, Inc. (Class B) (a)		1,985		193,299

				346,344

AIRLINES — 0.4%
Alaska Air Group, Inc.		192		17,915
American Airlines Group, Inc. (a)(b)		490		17,934
Copa Holdings SA (Class A)		96		13,938
Delta Air Lines, Inc.		2,347		81,324
Southwest Airlines Co.		1,977		46,677
United Continental Holdings, Inc. (b)		1,006		44,898

				222,686

AUTO COMPONENTS — 0.5%
Allison Transmission Holdings, Inc. (a)		95		2,844
BorgWarner, Inc. (a)		656		40,324
Delphi Automotive PLC		874		59,310
Gentex Corp.		396		12,486
Johnson Controls, Inc.		1,905		90,145
Lear Corp. (a)		212		17,749
The Goodyear Tire & Rubber Co. (a)		672		17,559
TRW Automotive Holdings Corp. (b)		299		24,404
Visteon Corp. (b)		132		11,674

				276,495

AUTOMOBILES — 0.7%
Ford Motor Co.		10,589		165,188
General Motors Co.		3,345		115,135
Harley-Davidson, Inc.		634		42,231
Tesla Motors, Inc. (a)(b)		227		47,318
Thor Industries, Inc. (a)		120		7,327

				377,199

BANKS — 5.9%
Associated Banc-Corp. (a)		458		8,271
Bank of America Corp. (a)		29,441		506,385
Bank of Hawaii Corp. (a)		120		7,273
BankUnited, Inc.		180		6,259
BB&T Corp. (a)		1,921		77,167
BOK Financial Corp. (a)		63		4,350
CapitalSource, Inc.		540		7,879
CIT Group, Inc.		519		25,441
Citigroup, Inc.		8,363		398,079
City National Corp.		132		10,391
Comerica, Inc.		518		26,832
Commerce Bancshares, Inc.		226		10,491
Cullen/Frost Bankers, Inc. (a)		155		12,017
East West Bancorp, Inc.		374		13,651
Fifth Third Bancorp		2,402		55,126
First Citizens BancShares, Inc. (Class A)		24		5,778
First Horizon National Corp. (a)		660		8,144
First Niagara Financial Group, Inc.		972		9,185
First Republic Bank		315		17,007
Fulton Financial Corp.		540		6,793
Huntington Bancshares, Inc. (a)		2,302		22,951
JPMorgan Chase & Co.		10,288		624,584
KeyCorp		2,521		35,899
M&T Bank Corp. (a)		353		42,819
PNC Financial Services Group, Inc.		1,453		126,411
Popular, Inc. (b)		288		8,925
Regions Financial Corp.		3,880		43,107
Signature Bank (b)		132		16,578
SunTrust Banks, Inc.		1,497		59,566
SVB Financial Group (b)		120		15,454
Synovus Financial Corp.		3,000		10,170
TCF Financial Corp.		446		7,430
U.S. Bancorp (a)		5,075		217,515
Valley National Bancorp (a)		542		5,642
Wells Fargo & Co.		13,213		657,215
Zions Bancorporation (a)		508		15,738

				3,126,523

BEVERAGES — 1.9%
Beam, Inc.		445		37,068
Brown-Forman Corp. (Class B) (a)		414		37,132
Coca-Cola Enterprises, Inc.		727		34,722
Constellation Brands, Inc. (Class A) (b)		426		36,197
Dr. Pepper Snapple Group, Inc.		556		30,280
Molson Coors Brewing Co. (Class B)		378		22,249
Monster Beverage Corp. (b)		372		25,835
PepsiCo, Inc.		4,244		354,374
The Coca-Cola Co.		10,453		404,113

				981,970

BIOTECHNOLOGY — 2.4%
Alexion Pharmaceuticals, Inc. (b)		533		81,085
Alkermes PLC (b)		352		15,520
Amgen, Inc.		2,057		253,710
ARIAD Pharmaceuticals, Inc. (a)(b)		504		4,062
Biogen Idec, Inc. (b)		655		200,345
BioMarin Pharmaceutical, Inc. (a)(b)		374		25,510
Celgene Corp. (b)		1,148		160,261
Cubist Pharmaceuticals, Inc. (a)(b)		180		13,167
Gilead Sciences, Inc. (a)(b)		4,184		296,478
Incyte Corp. (a)(b)		278		14,879
Medivation, Inc. (a)(b)		220		14,161
Myriad Genetics, Inc. (a)(b)		214		7,317

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Pharmacyclics, Inc. (a)(b)		166	$	16,636
Regeneron Pharmaceuticals, Inc. (a)(b)		222		66,662
Seattle Genetics, Inc. (a)(b)		271		12,347
Theravance, Inc. (a)(b)		206		6,374
United Therapeutics Corp. (a)(b)		132		12,412
Vertex Pharmaceuticals, Inc. (b)		648		45,827

				1,246,753

BUILDING PRODUCTS — 0.2%
A.O. Smith Corp.		216		9,940
Allegion PLC		272		14,190
Armstrong World Industries, Inc. (b)		72		3,834
Fortune Brands Home & Security, Inc.		444		18,684
Lennox International, Inc.		144		13,091
Masco Corp.		983		21,833
Owens Corning		341		14,721

				96,293

CAPITAL MARKETS — 2.2%
Affiliated Managers Group, Inc. (a)(b)		142		28,407
Ameriprise Financial, Inc.		548		60,318
Artisan Partners Asset Management, Inc.		36		2,313
BlackRock, Inc.		361		113,527
E*TRADE Financial Corp. (b)		782		18,002
Eaton Vance Corp. (a)		335		12,784
Federated Investors, Inc. (Class B) (a)		252		7,696
Franklin Resources, Inc. (a)		1,118		60,573
Invesco, Ltd.		1,219		45,103
Lazard, Ltd. (Class A)		348		16,387
Legg Mason, Inc. (a)		313		15,349
LPL Investment Holdings, Inc.		142		7,461
Morgan Stanley		4,175		130,135
Northern Trust Corp. (a)		653		42,811
Raymond James Financial, Inc. (a)		332		18,569
SEI Investments Co.		392		13,175
State Street Corp. (c)		1,142		79,426
T. Rowe Price Group, Inc.		716		58,963
TD Ameritrade Holding Corp. (a)		639		21,694
The Bank of New York Mellon Corp.		3,184		112,363
The Charles Schwab Corp.		3,014		82,373
The Goldman Sachs Group, Inc.		1,252		205,140
Waddell & Reed Financial, Inc. (Class A) (a)		240		17,669

				1,170,238

CHEMICALS — 2.4%
Air Products & Chemicals, Inc. (a)		576		68,567
Airgas, Inc. (a)		180		19,172
Albemarle Corp. (a)		241		16,007
Ashland, Inc.		231		22,980
Cabot Corp.		180		10,631
Celanese Corp. (Series A) (a)		430		23,869
CF Industries Holdings, Inc.		165		43,005
Cytec Industries, Inc. (a)		116		11,323
E. I. du Pont de Nemours & Co. (a)		2,519		169,025
Eastman Chemical Co.		428		36,898
Ecolab, Inc.		714		77,105
FMC Corp. (a)		375		28,710
Huntsman Corp.		493		12,039
International Flavors & Fragrances, Inc.		227		21,717
Kronos Worldwide, Inc. (a)		60		1,001
LyondellBasell Industries NV		1,007		89,562
Monsanto Co.		1,460		166,104
NewMarket Corp. (a)		24		9,379
Praxair, Inc. (a)		808		105,824
Rockwood Holdings, Inc.		230		17,112
RPM International, Inc.		364		15,230
Sigma-Aldrich Corp. (a)		340		31,749
The Dow Chemical Co.		3,314		161,027
The Mosaic Co.		791		39,550
The Scotts Miracle-Gro Co. (Class A) (a)		120		7,354
The Sherwin-Williams Co.		238		46,917
Valspar Corp.		241		17,381
W.R. Grace & Co. (b)		203		20,131
Westlake Chemical Corp.		110		7,280

				1,296,649

COMMERCIAL SERVICES & SUPPLIES — 0.4%
Avery Dennison Corp.		251		12,718
Cintas Corp. (a)		283		16,870
Clean Harbors, Inc. (a)(b)		168		9,205
Copart, Inc. (b)		309		11,245
Covanta Holding Corp. (a)		288		5,198
Iron Mountain, Inc. (a)		477		13,151
KAR Auction Services, Inc.		204		6,191
Pitney Bowes, Inc. (a)		552		14,347
R.R. Donnelley & Sons Co.		498		8,914
Republic Services, Inc.		738		25,210
Rollins, Inc.		182		5,504
Stericycle, Inc. (b)		233		26,473
The ADT Corp. (a)		480		14,376
Waste Connections, Inc.		340		14,912
Waste Management, Inc. (a)		1,275		53,639

				237,953

COMMUNICATIONS EQUIPMENT — 1.6%
Brocade Communications Systems, Inc. (b)		1,214		12,881
Cisco Systems, Inc.		14,656		328,441
CommScope Holding Co., Inc. (b)		120		2,962
EchoStar Corp. (Class A) (b)		108		5,136
F5 Networks, Inc. (a)(b)		224		23,885
Harris Corp.		299		21,875
JDS Uniphase Corp. (a)(b)		637		8,918
Juniper Networks, Inc. (b)		1,385		35,678
Motorola Solutions, Inc.		552		35,488
Palo Alto Networks, Inc. (a)(b)		92		6,311
Polycom, Inc. (a)(b)		452		6,201
QUALCOMM, Inc.		4,741		373,875
Riverbed Technology, Inc. (b)		446		8,791

				870,442

CONSTRUCTION & ENGINEERING — 0.3%
Aecom Technology Corp. (a)(b)		288		9,265
Chicago Bridge & Iron Co. NV		296		25,796
Fluor Corp.		444		34,512
Jacobs Engineering Group, Inc. (b)		355		22,543
KBR, Inc.		426		11,366
Quanta Services, Inc. (b)		552		20,369
URS Corp. (a)		204		9,600

				133,451

CONSTRUCTION MATERIALS — 0.1%
Eagle Materials, Inc.		132		11,703

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Martin Marietta Materials, Inc. (a)		115	$	14,760
Vulcan Materials Co. (a)		382		25,384

				51,847

CONSUMER FINANCE — 0.9%
American Express Co.		2,596		233,718
Capital One Financial Corp.		1,602		123,610
Discover Financial Services		1,347		78,382
Santander Consumer USA Holdings, Inc. (b)		200		4,816
SLM Corp. (a)		1,219		29,841

				470,367

CONTAINERS & PACKAGING — 0.3%
AptarGroup, Inc. (a)		180		11,898
Ball Corp. (a)		404		22,143
Bemis Co., Inc.		291		11,419
Crown Holdings, Inc. (b)		399		17,851
Greif, Inc. (Class A) (a)		84		4,409
MeadWestvaco Corp. (a)		485		18,255
Owens-Illinois, Inc. (b)		453		15,325
Packaging Corp. of America		277		19,493
Rock-Tenn Co. (Class A)		203		21,431
Sealed Air Corp.		575		18,900
Silgan Holdings, Inc.		120		5,942
Sonoco Products Co.		276		11,322

				178,388

DISTRIBUTORS — 0.1%
Genuine Parts Co.		424		36,824
LKQ Corp. (b)		825		21,739

				58,563

DIVERSIFIED CONSUMER SERVICES — 0.1%
Apollo Education Group, Inc. (a)(b)		264		9,039
DeVry Education Group, Inc. (a)		168		7,122
Graham Holdings Co. (Class B)		12		8,445
H&R Block, Inc.		743		22,431
Service Corp. International		578		11,491
Weight Watchers International, Inc. (a)		72		1,479

				60,007

DIVERSIFIED FINANCIAL SERVICES — 1.6%
Berkshire Hathaway, Inc. (Class B) (b)		4,917		614,478
CBOE Holdings, Inc.		240		13,584
CME Group, Inc.		872		64,537
ING US, Inc. (a)		234		8,487
Interactive Brokers Group, Inc. (Class A)		132		2,860
IntercontinentalExchange Group, Inc.		315		62,316
Leucadia National Corp.		855		23,940
Moody’s Corp.		538		42,674
MSCI, Inc. (Class A) (a)(b)		339		14,584
The NASDAQ OMX Group, Inc.		329		12,153

				859,613

DIVERSIFIED TELECOMMUNICATION SERVICES — 2.2%
AT&T, Inc. (a)		14,740		516,932
CenturyLink, Inc. (a)		1,671		54,876
Frontier Communications Corp. (a)		2,889		16,467
Intelsat SA (a)(b)		60		1,123
Level 3 Communications, Inc. (b)		457		17,887
tw telecom, Inc. (a)(b)		356		11,129
Verizon Communications, Inc. (a)		11,248		535,067
Windstream Holdings, Inc. (a)		1,618		13,332

				1,166,813

ELECTRIC UTILITIES — 1.6%
American Electric Power Co., Inc.		1,335		67,631
Duke Energy Corp. (a)		1,933		137,668
Edison International (a)		898		50,836
Entergy Corp.		503		33,626
Exelon Corp. (a)		2,350		78,866
FirstEnergy Corp.		1,149		39,100
Great Plains Energy, Inc. (a)		420		11,357
Hawaiian Electric Industries, Inc. (a)		266		6,762
ITC Holdings Corp. (a)		429		16,023
NextEra Energy, Inc.		1,169		111,780
Northeast Utilities (a)		859		39,084
OGE Energy Corp.		544		19,997
Pepco Holdings, Inc. (a)		629		12,882
Pinnacle West Capital Corp.		291		15,906
PPL Corp. (a)		1,776		58,857
Southern Co. (a)		2,391		105,060
Westar Energy, Inc. (a)		310		10,900
Xcel Energy, Inc. (a)		1,397		42,413

				858,748

ELECTRICAL EQUIPMENT — 0.7%
AMETEK, Inc.		683		35,168
Eaton Corp. PLC		1,297		97,431
Emerson Electric Co.		1,966		131,329
Hubbell, Inc. (Class B)		158		18,940
Regal-Beloit Corp.		120		8,725
Rockwell Automation, Inc.		380		47,329
Roper Industries, Inc.		275		36,715
SolarCity Corp. (a)(b)		60		3,757
The Babcock & Wilcox Co. (a)		312		10,358

				389,752

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.6%
Amphenol Corp. (Class A) (a)		435		39,868
Arrow Electronics, Inc. (b)		287		17,036
Avnet, Inc.		377		17,542
AVX Corp. (a)		132		1,740
CDW Corp. (a)		112		3,073
Corning, Inc.		3,806		79,241
Dolby Laboratories, Inc. (Class A) (a)(b)		120		5,340
FLIR Systems, Inc.		396		14,256
Ingram Micro, Inc. (Class A) (b)		420		12,415
IPG Photonics Corp. (a)(b)		84		5,971
Jabil Circuit, Inc.		552		9,936
Knowles Corp. (b)		237		7,482
Mettler-Toledo International, Inc. (b)		87		20,504
National Instruments Corp. (a)		275		7,890
Tech Data Corp. (b)		108		6,583
Trimble Navigation, Ltd. (a)(b)		699		27,170
Vishay Intertechnology, Inc. (a)		360		5,357
Zebra Technologies Corp. (Class A) (b)		144		9,995

				291,399

ENERGY EQUIPMENT & SERVICES — 1.8%
Atwood Oceanics, Inc. (b)		156		7,861
Baker Hughes, Inc.		1,222		79,454
Cameron International Corp. (a)(b)		583		36,012

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Diamond Offshore Drilling, Inc. (a)		192	$	9,362
Dresser-Rand Group, Inc. (a)(b)		220		12,850
Dril-Quip, Inc. (b)		108		12,107
FMC Technologies, Inc. (b)		645		33,727
Frank’s International NV (a)		116		2,874
Halliburton Co.		2,317		136,448
Helmerich & Payne, Inc. (a)		264		28,396
McDermott International, Inc. (a)(b)		648		5,067
Nabors Industries, Ltd.		832		20,509
National Oilwell Varco, Inc.		1,183		92,120
Oceaneering International, Inc.		296		21,271
Oil States International, Inc. (a)(b)		147		14,494
Patterson-UTI Energy, Inc.		408		12,925
Rowan Cos. PLC (a)(b)		310		10,441
RPC, Inc. (a)		168		3,431
Schlumberger, Ltd.		3,646		355,485
Seadrill, Ltd. (a)		972		34,176
Superior Energy Services, Inc. (a)		460		14,150
Tidewater, Inc. (a)		132		6,418
Unit Corp. (b)		132		8,630

				958,208

FOOD & STAPLES RETAILING — 2.1%
Costco Wholesale Corp.		1,197		133,681
CVS Caremark Corp.		3,354		251,080
Safeway, Inc. (a)		657		24,270
Sprouts Farmers Market, Inc. (a)(b)		10		360
Sysco Corp. (a)		1,629		58,856
The Fresh Market, Inc. (a)(b)		108		3,629
The Kroger Co.		1,404		61,285
Wal-Mart Stores, Inc.		4,445		339,731
Walgreen Co.		2,598		171,546
Whole Foods Market, Inc. (a)		1,018		51,623

				1,096,061

FOOD PRODUCTS — 1.6%
Archer-Daniels-Midland Co.		1,810		78,536
Bunge, Ltd.		404		32,122
Campbell Soup Co. (a)		490		21,991
ConAgra Foods, Inc.		1,156		35,871
Dean Foods Co. (a)		257		3,973
Flowers Foods, Inc. (a)		506		10,854
General Mills, Inc.		1,769		91,670
Hillshire Brands Co.		354		13,190
Hormel Foods Corp.		367		18,082
Ingredion, Inc. (a)		218		14,841
Kellogg Co. (a)		694		43,521
Keurig Green Mountain, Inc.		413		43,609
Kraft Foods Group, Inc.		1,626		91,219
McCormick & Co., Inc. (a)		361		25,898
Mead Johnson Nutrition Co.		561		46,641
Mondelez International, Inc. (Class A)		4,891		168,984
Pinnacle Foods, Inc.		96		2,867
The Hershey Co.		415		43,326
The J.M. Smucker Co. (a)		297		28,880
Tyson Foods, Inc. (Class A)		767		33,756
WhiteWave Foods Co. (Class A) (b)		384		10,959

				860,790

GAS UTILITIES — 0.1%
AGL Resources, Inc.		326		15,961
Atmos Energy Corp.		256		12,065
National Fuel Gas Co. (a)		188		13,168
ONE Gas, Inc. (b)		143		5,138
Questar Corp.		504		11,985
UGI Corp. (a)		310		14,139

				72,456

HEALTH CARE EQUIPMENT & SUPPLIES — 2.1%
Abbott Laboratories		4,276		164,669
Alere, Inc. (a)(b)		228		7,832
Baxter International, Inc. (a)		1,488		109,487
Becton, Dickinson and Co.		536		62,755
Boston Scientific Corp. (b)		3,699		50,011
C.R. Bard, Inc. (a)		229		33,887
CareFusion Corp. (b)		592		23,810
Covidien PLC		1,294		95,316
DENTSPLY International, Inc. (a)		393		18,094
Edwards Lifesciences Corp. (a)(b)		307		22,770
Hill-Rom Holdings, Inc. (a)		168		6,475
Hologic, Inc. (a)(b)		732		15,738
IDEXX Laboratories, Inc. (a)(b)		148		17,967
Intuitive Surgical, Inc. (b)		100		43,799
Medtronic, Inc.		2,786		171,451
ResMed, Inc. (a)		389		17,384
Sirona Dental Systems, Inc. (a)(b)		154		11,499
St. Jude Medical, Inc.		780		51,004
Stryker Corp. (a)		905		73,730
Teleflex, Inc. (a)		108		11,582
The Cooper Cos., Inc.		126		17,307
Varian Medical Systems, Inc. (a)(b)		294		24,693
Zimmer Holdings, Inc. (a)		462		43,696

				1,094,956

HEALTH CARE PROVIDERS & SERVICES — 2.2%
Aetna, Inc.		1,035		77,594
AmerisourceBergen Corp.		632		41,453
Brookdale Senior Living, Inc. (b)		276		9,249
Cardinal Health, Inc.		938		65,641
Catamaran Corp. (b)		564		25,245
CIGNA Corp.		783		65,561
Community Health Systems, Inc. (a)(b)		326		12,769
DaVita HealthCare Partners, Inc. (a)(b)		502		34,563
Envision Healthcare Holdings, Inc. (b)		122		4,127
Express Scripts Holding Co. (b)		2,125		159,566
HCA Holdings, Inc. (b)		761		39,952
Health Net, Inc. (b)		216		7,346
Henry Schein, Inc. (a)(b)		241		28,768
Humana, Inc. (a)		428		48,244
Laboratory Corp. of America Holdings (b)		257		25,240
LifePoint Hospitals, Inc. (a)(b)		132		7,201
McKesson Corp.		619		109,297
MEDNAX, Inc. (a)(b)		284		17,602
Omnicare, Inc.		304		18,140
Patterson Cos., Inc. (a)		243		10,148
Premier, Inc. (Class A) (a)(b)		84		2,768
Quest Diagnostics, Inc. (a)		346		20,040
Tenet Healthcare Corp. (a)(b)		273		11,687
UnitedHealth Group, Inc.		2,793		228,998
Universal Health Services, Inc. (Class B) (a)		251		20,600
VCA Antech, Inc. (b)		240		7,735

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

WellPoint, Inc.		817	$	81,332

				1,180,866

HEALTH CARE TECHNOLOGY — 0.1%
Allscripts Healthcare Solutions, Inc. (a)(b)		492		8,871
Cerner Corp. (a)(b)		808		45,450
Veeva Systems, Inc. (Class A) (a)(b)		36		961

				55,282

HOTELS, RESTAURANTS & LEISURE — 1.9%
Bally Technologies, Inc. (a)(b)		108		7,157
Brinker International, Inc. (a)		190		9,966
Burger King Worldwide, Inc.		301		7,992
Carnival Corp.		1,148		43,463
Chipotle Mexican Grill, Inc. (a)(b)		85		48,284
Choice Hotels International, Inc. (a)		72		3,312
Darden Restaurants, Inc. (a)		353		17,918
Domino’s Pizza, Inc.		156		12,007
Dunkin’ Brands Group, Inc. (a)		250		12,545
Hilton Worldwide Holdings, Inc. (b)		400		8,896
Hyatt Hotels Corp. (Class A) (b)		103		5,542
International Game Technology (a)		706		9,926
Las Vegas Sands Corp.		1,079		87,162
Marriott International, Inc. (Class A) (a)		642		35,965
McDonald’s Corp.		2,765		271,053
MGM Resorts International (a)(b)		1,019		26,351
Norwegian Cruise Line Holdings, Ltd. (b)		60		1,936
Panera Bread Co. (Class A) (a)(b)		81		14,294
Penn National Gaming, Inc. (a)(b)		193		2,378
Royal Caribbean Cruises, Ltd.		408		22,261
SeaWorld Entertainment, Inc.		84		2,539
Six Flags Entertainment Corp. (a)		180		7,227
Starbucks Corp.		2,051		150,502
Starwood Hotels & Resorts Worldwide, Inc.		533		42,427
The Wendy’s Co. (a)		716		6,530
Wyndham Worldwide Corp.		382		27,974
Wynn Resorts, Ltd.		221		49,095
Yum! Brands, Inc.		1,245		93,861

				1,028,563

HOUSEHOLD DURABLES — 0.5%
D.R. Horton, Inc. (a)		793		17,168
Garmin, Ltd. (a)		340		18,788
Harman International Industries, Inc.		192		20,429
Jarden Corp. (b)		377		22,556
Leggett & Platt, Inc. (a)		394		12,860
Lennar Corp. (Class A) (a)		453		17,948
Mohawk Industries, Inc. (b)		176		23,933
Newell Rubbermaid, Inc.		796		23,800
NVR, Inc. (b)		13		14,911
Pulte Group, Inc. (a)		1,065		20,437
Taylor Morrison Home Corp. (Class A) (a)(b)		84		1,974
Tempur Sealy International, Inc. (a)(b)		168		8,513
Toll Brothers, Inc. (a)(b)		469		16,837
Tupperware Brands Corp. (a)		142		11,894
Whirlpool Corp.		213		31,835

				263,883

HOUSEHOLD PRODUCTS — 1.8%
Church & Dwight Co., Inc. (a)		383		26,454
Colgate-Palmolive Co.		2,560		166,067
Energizer Holdings, Inc. (a)		167		16,824
Kimberly-Clark Corp.		1,056		116,424
The Clorox Co. (a)		353		31,067
The Procter & Gamble Co.		7,520		606,112

				962,948

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.1%
Calpine Corp. (b)		1,034		21,621
NRG Energy, Inc.		882		28,048
The AES Corp.		1,701		24,290

				73,959

INDUSTRIAL CONGLOMERATES — 2.1%
3M Co.		1,893		256,804
Carlisle Cos., Inc.		185		14,678
Danaher Corp.		1,634		122,550
General Electric Co.		28,317		733,127

				1,127,159

INSURANCE — 3.1%
ACE, Ltd.		929		92,027
Aflac, Inc.		1,274		80,313
Alleghany Corp. (b)		46		18,740
Allied World Assurance Company Holdings, Ltd.		96		9,906
American Financial Group, Inc.		227		13,100
American International Group, Inc.		4,043		202,190
American National Insurance Co.		24		2,713
Aon PLC		844		71,132
Arch Capital Group, Ltd. (a)(b)		370		21,290
Arthur J. Gallagher & Co. (a)		368		17,509
Aspen Insurance Holdings, Ltd.		180		7,146
Assurant, Inc. (a)		214		13,901
Assured Guaranty, Ltd.		458		11,597
Axis Capital Holdings, Ltd.		324		14,855
Brown & Brown, Inc.		328		10,089
Cincinnati Financial Corp. (a)		448		21,800
CNA Financial Corp. (a)		79		3,375
Endurance Specialty Holdings, Ltd. (a)		120		6,460
Erie Indemnity Co. (Class A)		79		5,511
Everest Re Group, Ltd. (a)		145		22,192
Fidelity National Financial, Inc. (Class A)		641		20,153
Genworth Financial, Inc. (Class A) (b)		1,356		24,042
Hartford Financial Services Group, Inc. (a)		1,261		44,476
HCC Insurance Holdings, Inc.		279		12,692
Kemper Corp. (a)		132		5,170
Lincoln National Corp.		689		34,912
Loews Corp.		855		37,663
Markel Corp. (b)		37		22,056
Marsh & McLennan Cos., Inc.		1,512		74,542
MBIA, Inc. (b)		386		5,400
Mercury General Corp. (a)		72		3,246
MetLife, Inc.		2,453		129,518
Old Republic International Corp.		710		11,644
PartnerRe, Ltd.		163		16,871
Principal Financial Group, Inc.		778		35,780

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

ProAssurance Corp.		168	$	7,481
Protective Life Corp. (a)		216		11,359
Prudential Financial, Inc.		1,281		108,437
Reinsurance Group of America, Inc.		210		16,722
RenaissanceRe Holdings, Ltd. (a)		126		12,298
StanCorp Financial Group, Inc.		120		8,016
The Allstate Corp. (a)		1,296		73,328
The Chubb Corp.		714		63,760
The Hanover Insurance Group, Inc.		120		7,373
The Progressive Corp.		1,635		39,600
The Travelers Cos., Inc. (a)		924		78,632
Torchmark Corp. (a)		250		19,675
Unum Group		762		26,906
Validus Holdings, Ltd.		289		10,898
W.R. Berkley Corp. (a)		298		12,403
White Mountains Insurance Group, Ltd. (a)		16		9,598
XL Group PLC		797		24,906

				1,655,403

INTERNET & CATALOG RETAIL — 1.3%
Amazon.com, Inc. (b)		1,004		337,866
Expedia, Inc. (a)		291		21,097
Groupon, Inc. (a)(b)		1,152		9,032
HomeAway, Inc. (a)(b)		158		5,952
Liberty Interactive Corp. (Class A) (b)		1,451		41,890
Liberty Ventures, (Series A) (b)		96		12,512
Netflix, Inc. (a)(b)		141		49,636
Priceline.com, Inc. (b)		142		169,248
TripAdvisor, Inc. (a)(b)		303		27,449
zulily, Inc. (Class A) (b)		36		1,807

				676,489

INTERNET SOFTWARE & SERVICES — 3.0%
Akamai Technologies, Inc. (a)(b)		477		27,766
AOL, Inc. (a)(b)		216		9,454
eBay, Inc. (b)		3,554		196,323
Equinix, Inc. (a)(b)		131		24,214
Facebook, Inc. (Class A) (b)		4,669		281,261
Google, Inc. (Class A) (b)		740		824,737
IAC/InterActiveCorp.		209		14,921
LinkedIn Corp. (Class A) (a)(b)		257		47,530
Pandora Media, Inc. (a)(b)		356		10,794
Rackspace Hosting, Inc. (a)(b)		325		10,667
Twitter, Inc. (a)(b)		236		11,014
VeriSign, Inc. (a)(b)		384		20,701
Yahoo!, Inc. (a)(b)		2,475		88,852

				1,568,234

IT SERVICES — 3.5%
Accenture PLC (Class A) (a)		1,763		140,546
Alliance Data Systems Corp. (a)(b)		130		35,418
Amdocs, Ltd.		444		20,628
Automatic Data Processing, Inc.		1,334		103,065
Booz Allen Hamilton Holding Corp.		84		1,848
Broadridge Financial Solutions, Inc.		336		12,479
Cognizant Technology Solutions Corp. (Class A) (b)		1,648		83,405
Computer Sciences Corp. (a)		409		24,875
CoreLogic, Inc. (a)(b)		264		7,931
DST Systems, Inc. (a)		96		9,100
Fidelity National Information Services, Inc.		799		42,707
Fiserv, Inc. (b)		738		41,837
FleetCor Technologies, Inc. (b)		184		21,178
Gartner, Inc. (a)(b)		258		17,916
Genpact, Ltd. (b)		458		7,978
Global Payments, Inc.		228		16,213
International Business Machines Corp.		2,688		517,413
Jack Henry & Associates, Inc.		247		13,773
Leidos Holdings, Inc. (a)		211		7,463
Mastercard, Inc. (Class A)		3,206		239,488
NeuStar, Inc. (Class A) (a)(b)		180		5,852
Paychex, Inc.		888		37,829
Science Applications International Corp.		120		4,487
Teradata Corp. (a)(b)		452		22,234
The Western Union Co. (a)		1,529		25,014
Total System Services, Inc. (a)		450		13,685
Vantiv, Inc. (b)		240		7,253
VeriFone Systems, Inc. (b)		272		9,199
Visa, Inc. (Class A) (a)		1,436		309,975
Xerox Corp.		3,373		38,115

				1,838,904

LEISURE PRODUCTS — 0.2%
Hasbro, Inc. (a)		318		17,687
Mattel, Inc. (a)		950		38,105
Polaris Industries, Inc. (a)		185		25,846

				81,638

LIFE SCIENCES TOOLS & SERVICES — 0.6%
Agilent Technologies, Inc.		974		54,466
Bio-Rad Laboratories, Inc. (Class A) (b)		60		7,687
Bruker Corp. (b)		300		6,837
Charles River Laboratories International, Inc. (b)		132		7,965
Covance, Inc. (b)		153		15,897
Illumina, Inc. (a)(b)		339		50,396
PerkinElmer, Inc.		310		13,969
Qiagen NV (a)(b)		638		13,455
Quintiles Transnational Holdings, Inc. (b)		72		3,655
Techne Corp. (a)		96		8,196
Thermo Fisher Scientific, Inc.		1,056		126,973
Waters Corp. (a)(b)		231		25,043

				334,539

MACHINERY — 2.1%
AGCO Corp. (a)		259		14,286
Caterpillar, Inc. (a)		1,800		178,866
Colfax Corp. (a)(b)		240		17,119
Crane Co.		132		9,392
Cummins, Inc.		530		78,965
Deere & Co. (a)		1,068		96,974
Donaldson Co., Inc. (a)		400		16,960
Dover Corp. (a)		472		38,586
Flowserve Corp.		397		31,101
Graco, Inc.		168		12,556
Harsco Corp.		218		5,108
IDEX Corp.		228		16,619
Illinois Tool Works, Inc. (a)		926		75,312
Ingersoll-Rand PLC		706		40,411
ITT Corp.		252		10,776
Joy Global, Inc. (a)		294		17,052

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Kennametal, Inc. (a)		216	$	9,569
Lincoln Electric Holdings, Inc. (a)		236		16,994
Navistar International Corp. (b)		156		5,284
Nordson Corp. (a)		188		13,252
Oshkosh Corp.		237		13,952
PACCAR, Inc. (a)		971		65,484
Pall Corp. (a)		304		27,199
Parker Hannifin Corp.		410		49,081
Pentair, Ltd.		563		44,668
Snap-On, Inc. (a)		164		18,611
SPX Corp.		133		13,075
Stanley Black & Decker, Inc.		440		35,746
Terex Corp. (a)		274		12,138
The Manitowoc Co., Inc. (a)		362		11,385
The Toro Co. (a)		156		9,858
Timken Co.		247		14,519
Trinity Industries, Inc. (a)		216		15,567
Valmont Industries, Inc. (a)		64		9,526
WABCO Holdings, Inc. (b)		161		16,995
Wabtec Corp.		258		19,995
Xylem, Inc.		526		19,157

				1,102,138

MARINE — 0.0% (d)
Kirby Corp. (a)(b)		154		15,593

MATERIALS — 0.1%
PPG Industries, Inc.		392		75,836

MEDIA — 4.0%
AMC Networks, Inc. (Class A) (a)(b)		166		12,133
Cablevision Systems Corp. (Class A) (a)		538		9,076
CBS Corp. (a)		1,688		104,318
Charter Communications, Inc. (Class A) (b)		150		18,480
Cinemark Holdings, Inc. (a)		312		9,051
Clear Channel Outdoor Holdings, Inc. (Class A)		120		1,093
Comcast Corp. (Class A)		7,212		360,744
DIRECTV (Class A) (a)(b)		1,332		101,791
Discovery Communications, Inc. (Series A) (a)(b)		667		55,161
DISH Network Corp. (Class A) (a)(b)		572		35,584
DreamWorks Animation SKG, Inc. (Class A) (a)(b)		204		5,416
Gannett Co., Inc.		629		17,360
John Wiley & Sons, Inc. (Class A) (a)		120		6,917
Lamar Advertising Co. (Class A) (b)		197		10,045
Liberty Global PLC (Class A) (a)(b)		1,091		45,386
Liberty Global PLC, (Series C) (a)(b)		1,091		44,415
Liberty Media Corp. (Class A) (b)		275		35,951
Lions Gate Entertainment Corp. (a)		218		5,827
McGraw Hill Financial, Inc.		760		57,988
Morningstar, Inc. (a)		60		4,741
News Corp. (Class A) (b)		1,404		24,177
Omnicom Group, Inc.		710		51,546
Regal Entertainment Group (Class A) (a)		228		4,259
Scripps Networks Interactive, Inc. (Class A) (a)		296		22,469
Sirius XM Holdings, Inc. (a)(b)		8,454		27,053
Starz (Class A) (b)		320		10,330
The Interpublic Group of Cos., Inc.		1,233		21,134
The Madison Square Garden Co. (Class A) (b)		183		10,391
The Walt Disney Co.		4,938		395,386
Thomson Reuters Corp. (a)		1,022		34,952
Time Warner Cable, Inc.		798		109,470
Time Warner, Inc.		2,558		167,114
Twenty-First Century Fox, Inc.		5,447		174,141
Viacom, Inc. (Class B)		1,208		102,668

				2,096,567

METALS & MINING — 0.6%
Alcoa, Inc. (a)		2,937		37,799
Allegheny Technologies, Inc. (a)		300		11,304
Carpenter Technology Corp. (a)		132		8,717
Cliffs Natural Resources, Inc. (a)		384		7,857
Compass Minerals International, Inc.		96		7,922
Freeport-McMoRan Copper & Gold, Inc.		2,832		93,654
Newmont Mining Corp.		1,373		32,183
Nucor Corp. (a)		870		43,970
Reliance Steel & Aluminum Co.		225		15,898
Royal Gold, Inc. (a)		200		12,524
Southern Copper Corp. (a)		432		12,576
Steel Dynamics, Inc.		602		10,710
Tahoe Resources, Inc. (a)(b)		230		4,864
United States Steel Corp. (a)		396		10,934

				310,912

MULTI-UTILITIES — 1.1%
Alliant Energy Corp.		321		18,236
Ameren Corp.		677		27,892
CenterPoint Energy, Inc.		1,209		28,641
CMS Energy Corp.		732		21,433
Consolidated Edison, Inc. (a)		807		43,295
Dominion Resources, Inc.		1,587		112,661
DTE Energy Co.		476		35,362
Integrys Energy Group, Inc.		225		13,421
MDU Resources Group, Inc.		481		16,503
NiSource, Inc.		881		31,302
PG&E Corp. (a)		1,235		53,352
Public Service Enterprise Group, Inc. (a)		1,390		53,015
SCANA Corp. (a)		378		19,399
Sempra Energy		664		64,249
TECO Energy, Inc. (a)		584		10,016
Vectren Corp. (a)		228		8,981
Wisconsin Energy Corp. (a)		629		29,280

				587,038

MULTILINE RETAIL — 0.7%
Big Lots, Inc. (a)(b)		156		5,908
Dillard’s, Inc. (Class A) (a)		71		6,560
Dollar General Corp. (b)		921		51,097
Dollar Tree, Inc. (b)		506		26,403
Family Dollar Stores, Inc.		266		15,431
J.C. Penney Co., Inc. (a)(b)		799		6,887
Kohl’s Corp. (a)		609		34,591
Macy’s, Inc.		1,048		62,136
Nordstrom, Inc. (a)		398		24,855
Sears Holdings Corp. (a)(b)		126		6,018
Target Corp. (a)		1,762		106,619

				346,505

OIL, GAS & CONSUMABLE FUELS — 7.8%
Anadarko Petroleum Corp.		1,372		116,291

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Antero Resources Corp. (b)		118	$	7,387
Apache Corp.		1,070		88,756
Cabot Oil & Gas Corp.		1,150		38,962
Cheniere Energy, Inc. (a)(b)		661		36,586
Chesapeake Energy Corp. (a)		1,587		40,659
Chevron Corp.		5,303		630,580
Cimarex Energy Co.		232		27,634
Cobalt International Energy, Inc. (b)		755		13,832
Concho Resources, Inc. (b)		288		35,280
ConocoPhillips		3,356		236,095
CONSOL Energy, Inc. (a)		594		23,730
Continental Resources, Inc. (a)(b)		116		14,415
CVR Energy, Inc. (a)		40		1,690
Denbury Resources, Inc. (a)		1,025		16,810
Devon Energy Corp.		1,101		73,690
Energen Corp.		194		15,677
EOG Resources, Inc.		746		146,343
EQT Corp.		423		41,018
Exxon Mobil Corp.		12,222		1,193,845
Golar LNG, Ltd. (a)		120		5,003
Gulfport Energy Corp. (a)(b)		220		15,660
Hess Corp.		840		69,619
HollyFrontier Corp.		544		25,884
Kinder Morgan, Inc. (a)		1,833		59,554
Kosmos Energy, Ltd. (b)		276		3,036
Laredo Petroleum Holdings, Inc. (a)(b)		110		2,845
Marathon Oil Corp.		1,966		69,832
Marathon Petroleum Corp.		829		72,156
Murphy Oil Corp. (a)		527		33,127
Newfield Exploration Co. (b)		375		11,760
Noble Energy, Inc.		984		69,903
Oasis Petroleum, Inc. (a)(b)		255		10,641
Occidental Petroleum Corp.		2,208		210,400
ONEOK, Inc. (a)		573		33,950
PBF Energy, Inc.		60		1,548
Peabody Energy Corp. (a)		789		12,892
Phillips 66 (a)		1,587		122,294
Pioneer Natural Resources Co. (a)		377		70,552
QEP Resources, Inc. (a)		503		14,808
Range Resources Corp. (a)		446		37,005
SandRidge Energy, Inc. (a)(b)		1,358		8,338
SM Energy Co. (a)		192		13,688
Southwestern Energy Co. (b)		965		44,400
Spectra Energy Corp. (a)		1,828		67,526
Teekay Corp. (a)		108		6,074
Tesoro Corp.		363		18,364
The Williams Cos., Inc.		1,870		75,885
Ultra Petroleum Corp. (a)(b)		420		11,294
Valero Energy Corp.		1,494		79,331
Whiting Petroleum Corp. (b)		320		22,205
World Fuel Services Corp. (a)		204		8,996
WPX Energy, Inc. (b)		552		9,953

				4,117,803

PAPER & FOREST PRODUCTS — 0.2%
Domtar Corp.		96		10,773
International Paper Co.		1,199		55,010
Weyerhaeuser Co.		1,634		47,958

				113,741

PERSONAL PRODUCTS — 0.2%
Avon Products, Inc.		1,190		17,422
Coty, Inc. (Class A)		226		3,385
Herbalife, Ltd. (a)		237		13,573
Nu Skin Enterprises, Inc. (Class A) (a)		156		12,925
The Estee Lauder Cos., Inc. (Class A)		633		42,335

				89,640

PHARMACEUTICALS — 5.5%
AbbVie, Inc.		4,342		223,179
Actavis PLC (b)		473		97,367
Allergan, Inc.		814		101,017
Bristol-Myers Squibb Co.		4,499		233,723
Eli Lilly & Co.		2,716		159,864
Endo International PLC (a)(b)		310		21,282
Forest Laboratories, Inc. (b)		741		68,372
Hospira, Inc. (a)(b)		457		19,765
Jazz Pharmaceuticals PLC (b)		144		19,970
Johnson & Johnson		7,735		759,809
Mallinckrodt PLC (a)(b)		171		10,843
Merck & Co., Inc.		8,297		471,021
Mylan, Inc. (a)(b)		1,045		51,027
Perrigo Co. PLC (a)		336		51,966
Pfizer, Inc.		18,342		589,145
Salix Pharmaceuticals, Ltd. (a)(b)		168		17,407
Zoetis, Inc.		1,376		39,821

				2,935,578

PROFESSIONAL SERVICES — 0.3%
Dun & Bradstreet Corp. (a)		118		11,723
Equifax, Inc.		328		22,314
IHS, Inc. (Class A) (b)		182		22,113
Manpower, Inc.		226		17,816
Nielsen Holdings NV		605		27,001
Robert Half International, Inc.		413		17,325
Towers Watson & Co. (Class A)		170		19,389
Verisk Analytics, Inc. (Class A) (b)		417		25,003

				162,684

REAL ESTATE INVESTMENT TRUSTS — 2.9%
Alexandria Real Estate Equities, Inc.		193		14,004
American Campus Communities, Inc.		273		10,196
American Capital Agency Corp. (a)		880		18,911
American Homes 4 Rent (Class A)		224		3,743
American Tower Corp.		1,082		88,583
Annaly Capital Management, Inc. (a)		2,601		28,533
Apartment Investment & Management Co. (Class A)		363		10,970
AvalonBay Communities, Inc.		360		47,275
BioMed Realty Trust, Inc. (a)		516		10,573
Boston Properties, Inc.		420		48,103
Brandywine Realty Trust (a)		432		6,247
BRE Properties, Inc.		213		13,372
Brixmor Property Group, Inc. (a)		132		2,816
Camden Property Trust (a)		227		15,286
CBL & Associates Properties, Inc. (a)		447		7,934
Chimera Investment Corp. (a)		2,822		8,635
CommonWealth REIT (a)		324		8,521
Corporate Office Properties Trust (a)		240		6,394
Corrections Corp. of America		318		9,960
Crown Castle International Corp.		925		68,246
DDR Corp. (a)		858		14,140
Digital Realty Trust, Inc. (a)		353		18,737
Douglas Emmett, Inc. (a)		396		10,747

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Duke Realty Corp.		817	$	13,791
Equity Lifestyle Properties, Inc.		238		9,675
Equity Residential		984		57,062
Essex Property Trust, Inc. (a)		115		19,556
Extra Space Storage, Inc.		275		13,340
Federal Realty Investment Trust (a)		192		22,026
Gaming and Leisure Properties, Inc. (a)		236		8,605
General Growth Properties, Inc.		1,614		35,508
Hatteras Financial Corp.		276		5,203
HCP, Inc.		1,234		47,867
Health Care REIT, Inc.		763		45,475
Healthcare Trust of America, Inc. (Class A) (a)		302		3,440
Home Properties, Inc.		146		8,777
Hospitality Properties Trust		388		11,143
Host Hotels & Resorts, Inc. (a)		2,066		41,816
Kilroy Realty Corp. (a)		234		13,708
Kimco Realty Corp. (a)		1,116		24,418
Liberty Property Trust		386		14,266
Mack-Cali Realty Corp.		240		4,990
MFA Financial, Inc.		986		7,641
Mid-America Apartment Communities, Inc. (a)		234		15,975
National Retail Properties, Inc. (a)		320		10,982
OMEGA Healthcare Investors, Inc.		326		10,927
Piedmont Office Realty Trust, Inc. (Class A) (a)		452		7,752
Plum Creek Timber Co., Inc. (a)		453		19,044
Post Properties, Inc.		146		7,169
ProLogis		1,345		54,916
Public Storage (a)		396		66,722
Rayonier, Inc.		337		15,472
Realty Income Corp. (a)		530		21,656
Regency Centers Corp. (a)		247		12,612
Retail Properties of America, Inc. (Class A) (a)		372		5,037
Senior Housing Properties Trust		551		12,381
Simon Property Group, Inc.		853		139,892
SL Green Realty Corp. (a)		256		25,759
Spirit Realty Capital, Inc.		970		10,651
Starwood Property Trust, Inc. (a)		570		13,446
Starwood Waypoint Residential Trust (b)		114		3,282
Tanger Factory Outlet Centers, Inc. (a)		264		9,240
Taubman Centers, Inc.		185		13,096
The Macerich Co.		386		24,059
Two Harbors Investment Corp.		1,019		10,445
UDR, Inc. (a)		649		16,764
Ventas, Inc.		801		48,517
Vornado Realty Trust		516		50,857
Weingarten Realty Investors (a)		375		11,250
WP Carey, Inc. (a)		154		9,251

				1,527,387

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1%
CBRE Group, Inc. (b)		768		21,066
Forest City Enterprises, Inc. (Class A) (a)(b)		432		8,251
Jones Lang LaSalle, Inc.		117		13,864
Realogy Holdings Corp. (a)(b)		337		14,643
The Howard Hughes Corp. (b)		108		15,413
The St. Joe Co. (a)(b)		180		3,465

				76,702

ROAD & RAIL — 1.0%
AMERCO, Inc.		24		5,571
Avis Budget Group, Inc. (a)(b)		300		14,610
Con-way, Inc. (a)		156		6,408
CSX Corp. (a)		2,803		81,203
Genesee & Wyoming, Inc. (Class A) (b)		114		11,095
Hertz Global Holdings, Inc. (b)		955		25,441
J.B. Hunt Transport Services, Inc.		247		17,764
Kansas City Southern		301		30,720
Landstar System, Inc. (a)		132		7,817
Norfolk Southern Corp. (a)		866		84,149
Old Dominion Freight Line, Inc. (a)(b)		192		10,894
Ryder Systems, Inc.		144		11,509
Union Pacific Corp.		1,280		240,205

				547,386

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.2%
Advanced Micro Devices, Inc. (a)(b)		1,658		6,649
Altera Corp.		881		31,927
Analog Devices, Inc. (a)		849		45,116
Applied Materials, Inc.		3,245		66,263
Atmel Corp. (b)		1,176		9,831
Avago Technologies, Ltd.		674		43,412
Broadcom Corp. (Class A) (a)		1,568		49,361
Cree, Inc. (a)(b)		307		17,364
Fairchild Semiconductor International, Inc. (a)(b)		348		4,799
First Solar, Inc. (a)(b)		172		12,004
Freescale Semiconductor, Ltd. (a)(b)		160		3,906
Intel Corp.		13,630		351,790
KLA-Tencor Corp. (a)		456		31,528
Lam Research Corp. (b)		449		24,695
Linear Technology Corp. (a)		592		28,825
LSI Corp.		1,608		17,801
Marvell Technology Group, Ltd.		1,083		17,057
Maxim Integrated Products, Inc.		795		26,330
Microchip Technology, Inc. (a)		529		25,265
Micron Technology, Inc. (b)		2,873		67,975
NVIDIA Corp.		1,586		28,405
ON Semiconductor Corp. (b)		1,153		10,838
Silicon Laboratories, Inc. (b)		120		6,270
Skyworks Solutions, Inc. (b)		562		21,086
Teradyne, Inc. (a)(b)		528		10,502
Texas Instruments, Inc.		3,045		143,572
Xilinx, Inc.		715		38,803

				1,141,374

SOFTWARE — 3.8%
Activision Blizzard, Inc.		723		14,778
Adobe Systems, Inc. (b)		1,373		90,261
Ansys, Inc. (b)		265		20,410
Autodesk, Inc. (b)		612		30,098
CA, Inc.		899		27,842
Cadence Design Systems, Inc. (a)(b)		729		11,329
Citrix Systems, Inc. (a)(b)		523		30,036
Compuware Corp.		588		6,174
Concur Technologies, Inc. (a)(b)		129		12,780
Electronic Arts, Inc. (a)(b)		830		24,078

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

FactSet Research Systems, Inc. (a)		121	$	13,045
FireEye, Inc. (a)(b)		48		2,955
Fortinet, Inc. (b)		366		8,063
Informatica Corp. (b)		301		11,372
Intuit, Inc.		811		63,039
MICROS Systems, Inc. (b)		179		9,474
Microsoft Corp.		22,924		939,655
NetSuite, Inc. (a)(b)		95		9,009
Nuance Communications, Inc. (a)(b)		713		12,242
Oracle Corp.		9,202		376,454
Red Hat, Inc. (b)		521		27,603
Rovi Corp. (b)		288		6,561
Salesforce.com, Inc. (a)(b)		1,578		90,088
ServiceNow, Inc. (a)(b)		180		10,786
SolarWinds, Inc. (a)(b)		185		7,886
Solera Holdings, Inc. (a)		201		12,731
Splunk, Inc. (a)(b)		292		20,875
Symantec Corp. (a)		1,907		38,083
Synopsys, Inc. (b)		402		15,441
Tableau Software, Inc. (Class A) (a)(b)		24		1,826
TIBCO Software, Inc. (b)		488		9,916
VMware, Inc. (Class A) (a)(b)		232		25,061
Workday, Inc. (Class A) (a)(b)		100		9,143
Zynga, Inc. (Class A) (a)(b)		1,598		6,871

				1,995,965

SPECIALTY RETAIL — 2.3%
Aaron’s, Inc. (a)		204		6,169
Abercrombie & Fitch Co. (Class A) (a)		210		8,085
Advance Auto Parts, Inc.		208		26,312
American Eagle Outfitters, Inc. (a)		525		6,426
Ascena Retail Group, Inc. (b)		348		6,013
AutoNation, Inc. (b)		134		7,133
AutoZone, Inc. (b)		97		52,099
Bed Bath & Beyond, Inc. (a)(b)		608		41,830
Best Buy Co., Inc. (a)		772		20,389
Cabela’s, Inc. (a)(b)		132		8,647
CarMax, Inc. (a)(b)		637		29,812
Chico’s FAS, Inc.		444		7,117
CST Brands, Inc. (a)		170		5,311
Dick’s Sporting Goods, Inc. (a)		236		12,888
DSW, Inc. (Class A)		192		6,885
Foot Locker, Inc. (a)		410		19,262
GameStop Corp. (Class A) (a)		324		13,316
GNC Holdings, Inc. (Class A)		266		11,709
Guess?, Inc. (a)		168		4,637
L Brands, Inc. (a)		648		36,787
Lowe’s Cos., Inc.		2,781		135,991
Murphy USA, Inc. (a)(b)		131		5,317
O’Reilly Automotive, Inc. (b)		302		44,814
PetSmart, Inc. (a)		280		19,289
Ross Stores, Inc.		587		42,000
Sally Beauty Holdings, Inc. (a)(b)		467		12,796
Signet Jewelers, Ltd. (a)		221		23,395
Staples, Inc. (a)		1,822		20,662
The Gap, Inc.		769		30,806
The Home Depot, Inc.		4,005		316,916
Tiffany & Co.		309		26,620
TJX Cos., Inc.		1,968		119,359
Tractor Supply Co. (a)		382		26,981
Ulta Salon Cosmetics & Fragrance, Inc. (b)		181		17,644
Urban Outfitters, Inc. (a)(b)		294		10,722
Williams-Sonoma, Inc. (a)		281		18,726

				1,202,865

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.6%
3D Systems Corp. (a)(b)		289		17,094
Apple, Inc.		2,574		1,381,569
Diebold, Inc. (a)		180		7,180
EMC Corp.		5,759		157,854
Hewlett-Packard Co. (a)		5,327		172,381
Lexmark International, Inc. (Class A) (a)		168		7,777
NCR Corp. (a)(b)		447		16,338
NetApp, Inc. (a)		882		32,546
SanDisk Corp.		646		52,449
Stratasys, Ltd. (a)(b)		86		9,124
Western Digital Corp.		581		53,347

				1,907,659

TEXTILES, APPAREL & LUXURY GOODS — 0.8%
Carter’s, Inc.		160		12,424
Coach, Inc. (a)		776		38,536
Deckers Outdoor Corp. (a)(b)		96		7,654
Fossil Group, Inc. (b)		118		13,760
Hanesbrands, Inc.		274		20,956
Michael Kors Holdings, Ltd. (a)(b)		572		53,350
NIKE, Inc. (Class B)		1,938		143,141
PVH Corp.		225		28,073
Ralph Lauren Corp.		164		26,393
Under Armour, Inc. (Class A) (a)(b)		231		26,482
V.F. Corp.		964		59,652

				430,421

THRIFTS & MORTGAGE FINANCE — 0.1%
Hudson City Bancorp, Inc.		1,452		14,273
Nationstar Mortgage Holdings, Inc. (a)(b)		60		1,948
New York Community Bancorp, Inc. (a)		1,178		18,930
Ocwen Financial Corp. (a)(b)		264		10,344
People’s United Financial, Inc. (a)		892		13,264
TFS Financial Corp. (b)		216		2,685
Washington Federal, Inc.		288		6,710

				68,154

TOBACCO — 1.3%
Altria Group, Inc.		5,511		206,277
Lorillard, Inc. (a)		1,041		56,297
Philip Morris International, Inc.		4,486		367,269
Reynolds American, Inc.		878		46,903

				676,746

TRADING COMPANIES & DISTRIBUTORS — 0.3%
Air Lease Corp.		192		7,160
Fastenal Co. (a)		812		40,048
GATX Corp. (a)		132		8,960
HD Supply Holdings, Inc. (a)(b)		228		5,962
MRC Global, Inc. (b)		228		6,147
MSC Industrial Direct Co., Inc. (Class A) (a)		126		10,902
United Rentals, Inc. (a)(b)		278		26,393
W.W. Grainger, Inc. (a)		165		41,689

SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

WESCO International, Inc. (a)(b)		120	$	9,986

				157,247

WATER UTILITIES — 0.1%
American Water Works Co., Inc.		480		21,792
Aqua America, Inc. (a)		481		12,059

				33,851

WIRELESS TELECOMMUNICATION SERVICES — 0.1%
SBA Communications Corp. (Class A) (a)(b)		335		30,472
Sprint Corp. (a)(b)		2,138		19,648
T-Mobile US, Inc. (a)(b)		477		15,755
Telephone & Data Systems, Inc.		264		6,920
US Cellular Corp. (a)		36		1,476

				74,271

TOTAL COMMON STOCKS —
(Cost $39,852,812)				52,926,153

SHORT TERM INVESTMENTS — 18.4%
MONEY MARKET FUNDS — 18.4%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		9,717,198		9,717,198
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		40,223		40,223

TOTAL SHORT TERM INVESTMENTS —
(Cost $9,757,421)				9,757,421

TOTAL INVESTMENTS — 118.2% (h)
(Cost $49,610,233)				62,683,574
OTHER ASSETS & LIABILITIES — (18.2)%				(9,641,268	)

NET ASSETS — 100.0%			$	53,042,306


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(d)		Amount shown represents less than 0.05% of net assets.
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
AEROSPACE & DEFENSE — 1.8%
AAR Corp. (a)		1,576	$	40,897
Aerovironment, Inc. (a)(b)		739		29,745
American Science & Engineering, Inc. (a)		323		21,696
API Technologies Corp. (b)		1,290		3,780
Astronics Corp. (b)		623		39,504
Cubic Corp.		796		40,652
Curtiss-Wright Corp.		1,856		117,930
DigitalGlobe, Inc. (b)		2,972		86,218
Ducommun, Inc. (b)		418		10,475
Engility Holdings, Inc. (a)(b)		684		30,814
Erickson Air-Crane, Inc. (b)		152		2,935
Esterline Technologies Corp. (b)		1,255		133,708
GenCorp, Inc. (a)(b)		2,408		43,994
HEICO Corp. (a)		2,630		158,221
Innovative Solutions & Support, Inc. (a)(b)		493		3,712
Kratos Defense & Security Solutions, Inc. (a)(b)		1,745		13,157
LMI Aerospace, Inc. (a)(b)		416		5,866
Moog, Inc. (Class A) (b)		1,821		119,294
National Presto Industries, Inc.		190		14,828
Orbital Sciences Corp. (b)		2,389		66,653
Sparton Corp. (a)(b)		398		11,653
Taser International, Inc. (b)		2,043		37,366
Teledyne Technologies, Inc. (b)		1,496		145,606
The Keyw Holding Corp. (b)		1,271		23,780

				1,202,484

AIR FREIGHT & LOGISTICS — 0.5%
Air Transport Services Group, Inc. (a)(b)		2,069		16,242
Atlas Air Worldwide Holdings, Inc. (a)(b)		1,023		36,081
Echo Global Logistics, Inc. (a)(b)		702		12,861
Forward Air Corp.		1,197		55,194
HUB Group, Inc. (Class A) (b)		1,484		59,345
Pacer International, Inc. (b)		1,403		12,571
Park-Ohio Holdings Corp. (b)		342		19,203
UTI Worldwide, Inc. (a)		3,617		38,304
XPO Logistics, Inc. (a)(b)		1,959		57,614

				307,415

AIRLINES — 0.5%
Allegiant Travel Co.		594		66,487
Hawaiian Holdings, Inc. (a)(b)		2,066		28,841
JetBlue Airways Corp. (a)(b)		9,267		80,530
Republic Airways Holdings, Inc. (b)		1,954		17,860
SkyWest, Inc.		2,066		26,362
Spirit Airlines, Inc. (b)		2,406		142,916

				362,996

AUTO COMPONENTS — 1.1%
American Axle & Manufacturing Holdings, Inc. (b)		2,674		49,522
Cooper Tire & Rubber Co.		2,522		61,285
Dana Holding Corp.		6,260		145,670
Dorman Products, Inc. (a)(b)		1,005		59,355
Drew Industries, Inc.		910		49,322
Federal-Mogul Corp. (a)(b)		790		14,781
Fox Factory Holding Corp. (a)(b)		391		7,390
Fuel Systems Solutions, Inc. (b)		563		6,058
Gentherm, Inc. (b)		1,327		46,073
Modine Manufacturing Co. (a)(b)		1,878		27,513
Remy International, Inc. (a)		550		12,991
Shiloh Industries, Inc. (b)		247		4,382
Spartan Motors, Inc. (a)		1,365		7,016
Standard Motor Products, Inc.		796		28,473
Stoneridge, Inc. (b)		1,138		12,780
Superior Industries International, Inc.		929		19,035
Tenneco, Inc. (b)		2,437		141,517
Tower International, Inc. (a)(b)		247		6,723

				699,886

AUTOMOBILES — 0.0% (c)
Winnebago Industries, Inc. (a)(b)		1,119		30,649

BANKS — 7.4%
1st Source Corp. (a)		606		19,447
1st United Bancorp, Inc. (a)		1,195		9,154
Access National Corp. (a)		285		4,620
American National Bankshares, Inc. (a)		318		7,479
Ameris Bancorp (b)		945		22,018
Ames National Corp.		377		8,309
Arrow Financial Corp.		418		11,052
Bancfirst Corp.		285		16,140
Banco Latinoamericano de Comercio Exterior SA (a)		1,171		30,926
Bancorp, Inc. (b)		1,309		24,622
BancorpSouth, Inc. (a)		3,792		94,648
Bank of Kentucky Financial Corp. (a)		247		9,272
Bank of Marin Bancorp (a)		211		9,499
Bank of the Ozarks, Inc. (a)		1,233		83,918
Banner Corp.		777		32,020
Bar Harbor Bankshares (a)		152		5,829
BBCN Bancorp, Inc.		3,148		53,957
BNC Bancorp		721		12,495
Boston Private Financial Holdings, Inc. (a)		3,170		42,890
Bridge Bancorp, Inc. (a)		517		13,809
Bridge Capital Holdings (a)(b)		380		9,029
Bryn Mawr Bank Corp. (a)		531		15,256
C&F Financial Corp.		133		4,408
Camden National Corp. (a)		304		12,525
Capital Bank Financial Corp. (Class A) (b)		979		24,583
Capital City Bank Group, Inc. (a)		494		6,560
Cardinal Financial Corp.		1,208		21,539
Cascade Bancorp (a)(b)		247		1,383
Cathay General Bancorp		3,147		79,273
Center Bancorp, Inc.		473		8,987
Centerstate Banks, Inc. (a)		1,194		13,038
Central Pacific Financial Corp.		872		17,614
Century Bancorp, Inc. (Class A)		133		4,537
Chemical Financial Corp.		1,187		38,518
Chemung Financial Corp. (a)		150		4,068
Citizens & Northern Corp. (a)		494		9,737
City Holding Co. (a)		625		28,037
CNB Financial Corp. (a)		554		9,795
CoBiz Financial, Inc. (a)		1,405		16,186
Columbia Banking System, Inc.		2,030		57,896

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Community Bank System, Inc. (a)		1,596	$	62,276
Community Trust Bancorp, Inc. (a)		550		22,814
CommunityOne Bancorp (a)(b)		418		4,690
ConnectOne Bancorp, Inc. (a)(b)		76		3,721
CU Bancorp (a)(b)		378		6,955
Customers Bancorp, Inc. (a)(b)		796		16,612
CVB Financial Corp. (a)		3,659		58,178
Eagle Bancorp, Inc. (a)(b)		891		32,165
Enterprise Bancorp, Inc.		285		5,797
Enterprise Financial Services Corp. (a)		723		14,511
F.N.B. Corp. (a)		6,005		80,467
Farmers Capital Bank Corp. (a)(b)		302		6,783
Fidelity Southern Corp. (a)		599		8,368
Financial Institutions, Inc. (a)		551		12,684
First Bancorp (a)		778		14,782
First Bancorp, Inc. (a)		380		6,194
First BanCorp- Puerto Rico (b)		2,877		15,651
First Busey Corp. (a)		2,883		16,721
First Commonwealth Financial Corp. (a)		3,902		35,274
First Community Bancshares, Inc. (a)		713		11,665
First Connecticut Bancorp, Inc. (a)		682		10,680
First Financial Bancorp		2,309		41,516
First Financial Bankshares, Inc. (a)		1,256		77,608
First Financial Corp. (a)		454		15,291
First Financial Holdings, Inc.		966		60,491
First Interstate Bancsystem, Inc.		701		19,782
First Merchants Corp.		1,478		31,984
First Midwest Bancorp, Inc.		2,995		51,155
First NBC Bank Holding Co. (b)		171		5,961
First Security Group, Inc. (a)(b)		2,501		5,202
FirstMerit Corp.		6,619		137,874
Flushing Financial Corp.		1,233		25,979
German American Bancorp, Inc. (a)		511		14,763
Glacier Bancorp, Inc.		2,801		81,425
Great Southern Bancorp, Inc.		416		12,492
Guaranty Bancorp (a)		587		8,365
Hampton Roads Bankshares, Inc. (b)		1,347		2,142
Hancock Holding Co.		3,349		122,741
Hanmi Financial Corp.		1,251		29,148
Heartland Financial USA, Inc. (a)		589		15,897
Heritage Commerce Corp.		834		6,722
Heritage Financial Corp. (a)		606		10,254
Heritage Oaks Bancorp (b)		797		6,440
Home Bancshares, Inc.		1,805		62,128
Home Federal Bancorp, Inc.		569		8,854
HomeTrust Bancshares, Inc. (a)(b)		834		13,160
Horizon Bancorp (a)		342		7,620
Hudson Valley Holding Corp. (a)		658		12,535
IBERIABANK Corp. (a)		1,200		84,180
Independent Bank Corp.-Massachusetts (a)		940		37,008
Independent Bank Group, Inc.		152		8,930
International Bancshares Corp.		2,125		53,295
Intervest Bancshares Corp. (a)(b)		719		5,357
Investors Bancorp, Inc. (a)		2,018		55,777
Lakeland Bancorp, Inc. (a)		1,424		16,020
Lakeland Financial Corp. (a)		658		26,465
LCNB Corp.		250		4,325
Macatawa Bank Corp.		948		4,778
MainSource Financial Group, Inc. (a)		815		13,936
MB Financial, Inc.		2,180		67,493
Mercantile Bank Corp. (a)		342		7,052
Merchants Bancshares, Inc.		228		7,435
Metro Bancorp, Inc. (b)		568		12,008
Middleburg Financial Corp. (a)		209		3,680
MidSouth Bancorp, Inc. (a)		323		5,436
MidWestOne Financial Group, Inc.		266		6,714
National Bankshares, Inc.		283		10,332
National Penn Bancshares, Inc.		4,662		48,718
NBT Bancorp, Inc.		1,748		42,756
NewBridge Bancorp (a)(b)		1,005		7,176
Northrim BanCorp, Inc.		264		6,782
OFG Bancorp		1,820		31,286
Old National Bancorp (a)		4,039		60,221
OmniAmerican Bancorp, Inc.		456		10,392
Pacific Continental Corp. (a)		719		9,893
Pacific Premier Bancorp, Inc. (a)(b)		659		10,636
PacWest Bancorp (a)		1,515		65,160
Palmetto Bancshares, Inc. (a)(b)		171		2,409
Park National Corp. (a)		456		35,062
Park Sterling Corp. (a)		1,784		11,864
Peapack Gladstone Financial Corp.		371		8,162
Penns Woods Bancorp, Inc.		190		9,268
Peoples Bancorp, Inc.		435		10,758
Pinnacle Financial Partners, Inc. (a)		1,401		52,523
Preferred Bank (a)(b)		468		12,149
PrivateBancorp, Inc. (a)		2,560		78,106
Prosperity Bancshares, Inc.		2,413		159,620
Renasant Corp. (a)		1,215		35,296
Republic Bancorp, Inc. (Class A)		380		8,588
S&T Bancorp, Inc. (a)		1,177		27,895
S.Y. Bancorp, Inc. (a)		551		17,434
Sandy Spring Bancorp, Inc. (a)		987		24,655
Seacoast Banking Corp. of Florida (a)(b)		609		6,699
Sierra Bancorp (a)		492		7,833
Simmons First National Corp.		663		24,710
Southside Bancshares, Inc. (a)		702		22,029
Southwest Bancorp, Inc.		778		13,739
State Bank Financial Corp.		1,271		22,484
Sterling Bancorp		3,319		42,019
Sterling Financial Corp. (a)		1,346		44,862
Suffolk Bancorp (b)		456		10,169
Sun Bancorp, Inc. (a)(b)		1,613		5,420
Susquehanna Bancshares, Inc.		7,428		84,605
Talmer Bancorp, Inc. (Class A) (b)		709		10,380
Taylor Capital Group, Inc. (b)		684		16,361
Texas Capital Bancshares, Inc. (a)(b)		1,635		106,177
The First of Long Island Corp. (a)		321		13,036
The National Bank Holdings Corp. (Class A)		1,755		35,223
Tompkins Financial Corp. (a)		569		27,858
TowneBank (a)		1,042		16,161
Trico Bancshares (a)		644		16,699
Tristate Capital Holdings, Inc. (b)		266		3,780
Trustmark Corp. (a)		2,674		67,786
UMB Financial Corp. (a)		1,429		92,456
Umpqua Holdings Corp. (a)		4,379		81,625
Union First Market Bankshares Corp.		1,684		42,807
United Bankshares, Inc.		2,596		79,489
United Community Banks, Inc. (b)		1,720		33,385

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Univest Corp. of Pennsylvania		665	$	13,646
VantageSouth Bancshares, Inc. (b)		475		3,339
ViewPoint Financial Group (a)		1,594		45,987
Washington Banking Co.		624		11,095
Washington Trust Bancorp, Inc. (a)		569		21,320
Webster Financial Corp.		3,607		112,033
WesBanco, Inc.		1,025		32,626
West Bancorporation, Inc. (a)		574		8,719
Westamerica Bancorporation (a)		1,081		58,460
Western Alliance Bancorp (b)		2,953		72,644
Wilshire Bancorp, Inc. (a)		2,489		27,628
Wintrust Financial Corp. (a)		1,746		84,960
Yadkin Financial Corp. (b)		570		12,204

				4,879,073

BEVERAGES — 0.2%
Boston Beer Co., Inc. (Class A) (a)(b)		327		80,027
Coca-Cola Hellenic Bottling Co. (a)		192		16,316
Craft Brew Alliance, Inc. (a)(b)		418		6,383
National Beverage Corp. (b)		454		8,857

				111,583

BIOTECHNOLOGY — 4.6%
ACADIA Pharmaceuticals, Inc. (b)		3,061		74,474
Acceleron Pharma, Inc. (a)(b)		324		11,178
Achillion Pharmaceuticals, Inc. (a)(b)		3,847		12,657
Acorda Therapeutics, Inc. (b)		1,612		61,111
Aegerion Pharmaceuticals, Inc. (b)		1,154		53,222
Agios Pharmaceuticals, Inc. (b)		262		10,257
Alnylam Pharmaceuticals, Inc. (b)		2,321		155,832
AMAG Pharmaceuticals, Inc. (a)(b)		854		16,525
Amicus Therapeutics, Inc. (b)		1,214		2,513
Anacor Pharmaceuticals, Inc. (b)		1,007		20,150
Arena Pharmaceuticals, Inc. (a)(b)		8,680		54,684
ArQule, Inc. (a)(b)		2,368		4,854
Array BioPharma, Inc. (a)(b)		4,677		21,982
Auspex Pharmaceuticals, Inc. (b)		319		9,812
AVEO Pharmaceuticals, Inc. (b)		2,066		3,089
BIND Therapeutics, Inc. (a)(b)		122		1,459
Biotime, Inc. (b)		1,475		4,853
Bluebird Bio, Inc. (b)		261		5,935
Cell Therapeutics, Inc. (a)(b)		4,563		15,514
Celldex Therapeutics, Inc. (a)(b)		3,657		64,619
Cellular Dynamics International, Inc. (b)		167		2,493
Cepheid, Inc. (a)(b)		2,660		137,203
Chelsea Therapeutics International, Ltd. (a)(b)		2,721		15,020
ChemoCentryx, Inc. (a)(b)		985		6,531
Chimerix, Inc. (b)		342		7,811
Clovis Oncology, Inc. (a)(b)		731		50,636
Conatus Pharmaceuticals, Inc. (b)		272		2,213
Coronado Biosciences, Inc. (a)(b)		1,044		2,067
Curis, Inc. (a)(b)		3,228		9,103
Cytokinetics, Inc. (a)(b)		1,027		9,757
Cytori Therapeutics, Inc. (a)(b)		2,520		6,804
Dendreon Corp. (a)(b)		6,274		18,759
Durata Therapeutics, Inc. (a)(b)		512		6,892
Dyax Corp. (b)		4,822		43,302
Dynavax Technologies Corp. (a)(b)		11,086		19,955
Emergent Biosolutions, Inc. (a)(b)		1,099		27,772
Enanta Pharmaceuticals, Inc. (a)(b)		152		6,078
Enzon Pharmaceuticals, Inc. (a)		1,499		1,544
Epizyme, Inc. (b)		222		5,055
Esperion Therapeutics, Inc. (a)(b)		204		3,084
Exact Sciences Corp. (a)(b)		2,822		39,988
Exelixis, Inc. (a)(b)		7,895		27,948
Fibrocell Science, Inc. (a)(b)		845		4,419
Five Prime Therapeutics, Inc. (a)(b)		118		2,320
Foundation Medicine, Inc. (a)(b)		227		7,348
Galena Biopharma, Inc. (a)(b)		4,198		10,495
Genomic Health, Inc. (b)		665		17,516
Geron Corp. (a)(b)		6,142		12,775
GlycoMimetics, Inc. (b)		319		5,209
GTx, Inc. (a)(b)		1,043		1,596
Halozyme Therapeutics, Inc. (b)		3,893		49,441
Harvard Apparatus Regenerative Technology, Inc. (a)(b)		247		2,240
Hyperion Therapeutics, Inc. (a)(b)		340		8,772
Idenix Pharmaceuticals, Inc. (a)(b)		4,500		27,135
ImmunoGen, Inc. (b)		3,373		50,359
Immunomedics, Inc. (a)(b)		2,921		12,297
Infinity Pharmaceuticals, Inc. (a)(b)		1,910		22,710
Insmed, Inc. (b)		1,402		26,694
Insys Therapeutics, Inc. (a)(b)		311		12,864
Intercept Pharmaceuticals, Inc. (b)		289		95,309
InterMune, Inc. (a)(b)		3,894		130,332
Intrexon Corp. (b)		450		11,830
Ironwood Pharmaceuticals, Inc. (a)(b)		4,228		52,089
Isis Pharmaceuticals, Inc. (a)(b)		4,488		193,926
KaloBios Pharmaceuticals, Inc. (a)(b)		447		1,211
Karyopharm Therapeutics, Inc. (a)(b)		331		10,225
Keryx Biopharmaceuticals, Inc. (a)(b)		3,643		62,077
Kindred Biosciences, Inc. (b)		342		6,337
KYTHERA Biopharmaceuticals, Inc. (a)(b)		474		18,846
Lexicon Pharmaceuticals, Inc. (a)(b)		9,060		15,674
Ligand Pharmaceuticals, Inc. (Class B) (a)(b)		706		47,486
MacroGenics, Inc. (b)		221		6,150
MannKind Corp. (a)(b)		5,930		23,839
MEI Pharma, Inc. (b)		390		4,341
Merrimack Pharmaceuticals, Inc. (a)(b)		3,892		19,616
MiMedx Group, Inc. (a)(b)		3,383		20,738
Momenta Pharmaceuticals, Inc. (a)(b)		1,878		21,879
Nanosphere, Inc. (a)(b)		2,126		4,571
Navidea Biopharmaceuticals, Inc. (b)		4,763		8,812
Neurocrine Biosciences, Inc. (a)(b)		2,987		48,091
NewLink Genetics Corp. (b)		664		18,858
Novavax, Inc. (a)(b)		7,416		33,594
NPS Pharmaceuticals, Inc. (b)		3,999		119,690
OncoGenex Pharmaceutical, Inc. (a)(b)		587		6,903
OncoMed Pharmaceuticals, Inc. (a)(b)		208		6,999
Onconova Therapeutics, Inc. (a)(b)		223		1,414
Ophthotech Corp. (b)		335		11,973
OPKO Health, Inc. (a)(b)		7,530		70,180
Orexigen Therapeutics, Inc. (a)(b)		3,799		24,693
Osiris Therapeutics, Inc. (a)(b)		663		8,705
OvaScience, Inc. (a)(b)		361		3,227
PDL BioPharma, Inc.		6,357		52,827
Peregrine Pharmaceuticals, Inc. (a)(b)		6,025		11,447

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Portola Pharmaceuticals, Inc. (b)		425	$	11,008
Progenics Pharmaceuticals, Inc. (b)		2,351		9,616
Prothena Corp. PLC (a)(b)		564		21,607
PTC Therapeutics, Inc. (b)		362		9,463
Puma Biotechnology, Inc. (b)		886		92,268
Raptor Pharmaceutical Corp. (a)(b)		2,373		23,730
Receptos, Inc. (b)		325		13,630
Regulus Therapeutics, Inc. (a)(b)		394		3,554
Repligen Corp. (a)(b)		1,252		16,101
Retrophin, Inc. (b)		753		16,016
Rigel Pharmaceuticals, Inc. (a)(b)		3,469		13,460
Sangamo Biosciences, Inc. (b)		2,453		44,350
Sarepta Therapeutics, Inc. (a)(b)		1,548		37,198
SIGA Technologies, Inc. (a)(b)		1,460		4,526
Spectrum Pharmaceuticals, Inc. (a)(b)		2,508		19,663
Stemline Therapeutics, Inc. (a)(b)		363		7,391
Sunesis Pharmaceuticals, Inc. (b)		1,290		8,527
Synageva BioPharma Corp. (a)(b)		796		66,044
Synergy Pharmaceuticals, Inc. (a)(b)		3,206		17,024
Synta Pharmaceuticals Corp. (a)(b)		1,652		7,120
Targacept, Inc. (a)(b)		1,118		5,311
TESARO, Inc. (b)		523		15,418
Tetraphase Pharmaceuticals, Inc. (b)		465		5,064
TG Therapeutics, Inc. (a)(b)		613		4,230
Threshold Pharmaceuticals, Inc. (b)		1,877		8,935
Trius Therapeutics, Inc. (b)(d)		154		0
Ultragenyx Pharmaceutical, Inc. (b)		263		12,858
Vanda Pharmaceuticals, Inc. (b)		1,328		21,580
Verastem, Inc. (a)(b)		696		7,510
Vical, Inc. (a)(b)		3,029		3,907
Xencor, Inc. (b)		580		6,803
XOMA Corp. (b)		3,271		17,042
ZIOPHARM Oncology, Inc. (a)(b)		2,729		12,499

				3,066,267

BUILDING PRODUCTS — 0.8%
AAON, Inc. (a)		1,119		31,187
American Woodmark Corp. (b)		399		13,430
Apogee Enterprises, Inc. (a)		1,137		37,783
Builders FirstSource, Inc. (a)(b)		1,782		16,234
Continental Building Products, Inc. (b)		536		10,098
Gibraltar Industries, Inc. (a)(b)		1,215		22,927
Griffon Corp. (a)		1,618		19,319
Insteel Industries, Inc.		720		14,162
NCI Building Systems, Inc. (a)(b)		818		14,282
Norcraft Cos, Inc. (b)		229		3,877
Nortek, Inc. (b)		363		29,842
Patrick Industries, Inc. (b)		266		11,792
PGT, Inc. (b)		1,327		15,274
Ply Gem Holdings, Inc. (b)		627		7,919
Quanex Building Products Corp.		1,480		30,606
Simpson Manufacturing Co., Inc.		1,612		56,952
Trex Co., Inc. (b)		688		50,334
Universal Forest Products, Inc.		796		44,051
USG Corp. (b)		3,054		99,927

				529,996

CAPITAL MARKETS — 1.5%
Arlington Asset Investment Corp. (Class A) (a)		644		17,053
BGC Partners, Inc. (Class A)		5,061		33,099
Calamos Asset Management, Inc. (Class A)		796		10,292
Capitala Finance Corp. (a)		116		2,237
CIFC Corp. (a)		266		2,165
Cohen & Steers, Inc. (a)		753		30,007
Cowen Group, Inc. (Class A) (a)(b)		3,888		17,146
Diamond Hill Investment Group, Inc. (a)		114		14,984
Evercore Partners, Inc. (Class A)		1,257		69,449
FBR & Co. (b)		345		8,911
Financial Engines, Inc. (a)		1,960		99,529
FXCM, Inc. (Class A) (a)		1,461		21,579
GAMCO Investors, Inc. (Class A)		245		19,024
GFI Group, Inc. (a)		2,769		9,830
Greenhill & Co., Inc. (a)		1,089		56,606
HFF, Inc. (Class A)		1,323		44,466
ICG Group, Inc. (a)(b)		1,518		30,998
Intl. FCStone, Inc. (b)		567		10,665
Investment Technology Group, Inc. (a)(b)		1,479		29,876
Janus Capital Group, Inc. (a)		5,949		64,666
JMP Group, Inc.		627		4,458
KCG Holdings, Inc. (Class A) (b)		2,825		33,702
Ladenburg Thalmann Financial Services, Inc. (a)(b)		4,099		12,379
Manning & Napier, Inc.		546		9,156
Marcus & Millichap, Inc. (b)		227		4,050
Oppenheimer Holdings, Inc. (Class A)		399		11,192
Piper Jaffray Co., Inc. (a)(b)		650		29,770
Pzena Investment Management, Inc. (Class A) (a)		454		5,344
RCS Capital Corp. (Class A)		68		2,647
Safeguard Scientifics, Inc. (a)(b)		834		18,498
Silvercrest Asset Management Group, Inc. (Class A)		245		4,481
Stifel Financial Corp. (a)(b)		2,543		126,540
SWS Group, Inc. (b)		1,157		8,654
Virtus Investment Partners, Inc. (a)(b)		268		46,410
Walter Investment Management Corp. (a)(b)		1,473		43,940
Westwood Holdings Group, Inc.		283		17,741
WisdomTree Investments, Inc. (a)(b)		4,001		52,493

				1,024,037

CHEMICALS — 2.3%
A. Schulman, Inc.		1,176		42,642
Advanced Emissions Solutions, Inc. (b)		809		19,853
American Vanguard Corp. (a)		1,138		24,638
Arabian American Development Co. (b)		796		8,637
Axiall Corp.		2,792		125,417
Balchem Corp.		1,181		61,554
Calgon Carbon Corp. (a)(b)		2,159		47,131
Chase Corp.		263		8,292
Chemtura Corp. (b)		3,932		99,440
Ferro Corp. (a)(b)		2,883		39,382
Flotek Industries, Inc. (b)		1,897		52,831
FutureFuel Corp. (a)		872		17,702
H.B. Fuller Co.		2,009		96,994
Hawkins, Inc.		378		13,888
Innophos Holdings, Inc.		872		49,442
Innospec, Inc.		930		42,064

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Intrepid Potash, Inc. (a)(b)		2,180	$	33,703
KMG Chemicals, Inc.		323		5,065
Koppers Holdings, Inc. (a)		829		34,180
Kraton Performance Polymers, Inc. (b)		1,289		33,694
Landec Corp. (a)(b)		1,025		11,439
LSB Industries, Inc. (a)(b)		760		28,439
Marrone Bio Innovations, Inc. (a)(b)		223		3,115
Minerals Technologies, Inc.		1,355		87,479
Olin Corp. (a)		3,204		88,462
OM Group, Inc.		1,273		42,289
Omnova Solutions, Inc. (b)		1,877		19,483
Penford Corp. (a)(b)		380		5,457
PolyOne Corp. (a)		3,970		145,540
Quaker Chemical Corp.		530		41,780
Sensient Technologies Corp.		1,997		112,651
Stepan Co.		757		48,872
Taminco Corp. (b)		627		13,173
Tredegar Corp.		986		22,688
Zep, Inc. (a)		907		16,054

				1,543,470

COMMERCIAL SERVICES & SUPPLIES — 2.2%
ABM Industries, Inc.		2,180		62,653
ACCO Brands Corp. (a)(b)		4,527		27,886
Acorn Energy, Inc. (a)		841		2,851
ARC Document Solutions, Inc. (a)(b)		1,498		11,145
Casella Waste Systems, Inc. (Class A) (a)(b)		1,536		7,849
Ceco Environmental Corp. (a)		717		11,895
Cenveo, Inc. (a)(b)		2,144		6,518
Compx International, Inc.		38		389
Courier Corp. (a)		456		7,022
Deluxe Corp.		2,036		106,829
EnerNOC, Inc. (b)		1,043		23,238
Ennis, Inc.		1,043		17,282
G & K Services, Inc. (Class A)		777		47,529
Healthcare Services Group, Inc. (a)		2,731		79,363
Heritage-Crystal Clean, Inc. (a)(b)		359		6,509
Herman Miller, Inc.		2,332		74,927
HNI Corp. (a)		1,815		66,356
Innerworkings, Inc. (a)(b)		1,764		13,512
Interface, Inc.		2,368		48,662
Intersections, Inc. (a)		380		2,242
Kimball International, Inc. (Class B)		1,292		23,398
Knoll, Inc. (a)		1,916		34,852
McGrath Rentcorp (a)		1,005		35,135
Mobile Mini, Inc. (a)		1,530		66,341
MSA Safety, Inc.		1,124		64,068
Multi-Color Corp. (a)		492		17,220
NL Industries, Inc. (a)		266		2,883
Performant Financial Corp. (a)(b)		891		8,064
Quad Graphics, Inc.		1,000		23,450
Schawk, Inc.		532		10,635
SP Plus Corp. (a)(b)		607		15,946
Steelcase, Inc. (Class A)		3,358		55,776
Swisher Hygiene, Inc. (b)		4,533		2,040
Team, Inc. (b)		817		35,017
Tetra Tech, Inc. (a)(b)		2,562		75,810
The Brink’s Co.		1,914		54,645
The Geo Group, Inc.		2,853		91,981
TRC Cos., Inc. (b)		644		4,283
UniFirst Corp.		590		64,865
United Stationers, Inc. (a)		1,563		64,192
US Ecology, Inc. (a)		890		33,037
Viad Corp.		815		19,593
West Corp. (a)		853		20,412

				1,448,300

COMMUNICATIONS EQUIPMENT — 1.8%
ADTRAN, Inc. (a)		2,366		57,754
Alliance Fiber Optic Products, Inc.		456		6,598
Applied Optoelectronics, Inc. (a)(b)		118		2,911
Arris Group, Inc. (b)		4,619		130,163
Aruba Networks, Inc. (a)(b)		4,233		79,369
Aviat Networks, Inc. (a)(b)		2,444		3,886
Bel Fuse, Inc. (Class B) (a)		397		8,694
Black Box Corp. (a)		644		15,675
CalAmp Corp. (b)		1,403		39,102
Calix, Inc. (b)		1,593		13,429
Ciena Corp. (b)		4,025		91,528
Comtech Telecommunications Corp. (a)		664		21,155
Digi International, Inc. (b)		1,025		10,404
Emulex Corp. (b)		2,977		22,000
Extreme Networks, Inc. (b)		3,700		21,460
Finisar Corp. (a)(b)		3,704		98,193
Harmonic, Inc. (b)		4,075		29,095
Infinera Corp. (a)(b)		4,583		41,614
InterDigital, Inc. (a)		1,631		54,002
Ixia (a)(b)		2,254		28,175
KVH Industries, Inc. (b)		624		8,212
Netgear, Inc. (a)(b)		1,445		48,740
Numerex Corp. (Class A) (a)(b)		550		6,012
Oplink Communications, Inc. (b)		758		13,614
Parkervision, Inc. (a)(b)		3,526		16,925
PC-Tel, Inc. (a)		739		6,451
Plantronics, Inc.		1,732		76,987
Procera Networks, Inc. (a)(b)		817		8,489
Ruckus Wireless, Inc. (a)(b)		1,738		21,134
ShoreTel, Inc. (b)		2,349		20,201
Sonus Networks, Inc. (b)		7,559		25,474
Tessco Technologies, Inc. (a)		221		8,257
Ubiquiti Networks, Inc. (a)(b)		493		22,417
ViaSat, Inc. (a)(b)		1,578		108,945
Westell Technologies, Inc. (Class A) (a)(b)		1,764		6,509

				1,173,574

CONSTRUCTION & ENGINEERING — 0.9%
Aegion Corp. (a)(b)		1,555		39,357
Ameresco, Inc. (Class A) (a)(b)		777		5,874
Argan, Inc. (a)		553		16,441
Comfort Systems USA, Inc. (a)		1,479		22,540
Dycom Industries, Inc. (b)		1,308		41,346
EMCOR Group, Inc.		2,681		125,444
Furmanite Corp. (b)		1,492		14,651
Granite Construction, Inc.		1,549		61,851
Great Lakes Dredge & Dock Corp. (b)		2,370		21,638
Layne Christensen Co. (a)(b)		796		14,479
Mastec, Inc. (a)(b)		2,370		102,953
MYR Group, Inc. (b)		834		21,117
Northwest Pipe Co. (a)(b)		380		13,741
Orion Marine Group, Inc. (a)(b)		1,080		13,576
Pike Corp. (a)(b)		1,038		11,169

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Primoris Services Corp.		1,406	$	42,152
Sterling Construction Co., Inc. (a)(b)		663		5,748
Tutor Perini Corp. (b)		1,480		42,432

				616,509

CONSTRUCTION MATERIALS — 0.2%
Headwaters, Inc. (a)(b)		2,915		38,507
Texas Industries, Inc. (a)(b)		872		78,149
United States Lime & Minerals, Inc.		76		4,279
US Concrete, Inc. (b)		566		13,301

				134,236

CONSUMER FINANCE — 0.7%
Cash America International, Inc. (a)		1,138		44,063
Consumer Portfolio Services, Inc. (b)		716		4,897
Credit Acceptance Corp. (b)		286		40,655
DFC Global Corp. (a)(b)		1,615		14,260
Encore Capital Group, Inc. (a)(b)		1,005		45,928
Ezcorp, Inc. (Class A) (b)		2,030		21,904
First Cash Financial Services, Inc. (b)		1,161		58,584
Green Dot Corp. (Class A) (b)		1,024		19,999
Imperial Holdings, Inc. (a)(b)		684		3,933
JGWPT Holdings, Inc. (Class A) (b)		336		6,135
Nelnet, Inc. (Class A)		910		37,219
Nicholas Financial, Inc.		416		6,544
Portfolio Recovery Associates, Inc. (a)(b)		2,024		117,109
Regional Management Corp. (b)		209		5,154
Springleaf Holdings, Inc. (a)(b)		902		22,685
The First Marblehead Corp. (a)(b)		363		2,193
World Acceptance Corp. (a)(b)		323		24,251

				475,513

CONTAINERS & PACKAGING — 0.2%
AEP Industries, Inc. (a)(b)		171		6,344
Berry Plastics Group, Inc. (b)		2,201		50,953
Graphic Packaging Holding Co. (b)		7,604		77,257
Myers Industries, Inc.		1,118		22,271
UFP Technologies, Inc. (b)		228		5,554

				162,379

DISTRIBUTORS — 0.3%
Core-Mark Holding Co., Inc. (a)		456		33,106
Pool Corp.		1,864		114,300
VOXX International Corp. (b)		741		10,137
Weyco Group, Inc.		264		7,133

				164,676

DIVERSIFIED CONSUMER SERVICES — 1.0%
American Public Education, Inc. (a)(b)		701		24,591
Ascent Capital Group Inc (Class A) (a)(b)		568		42,912
Bridgepoint Education, Inc. (a)(b)		595		8,860
Bright Horizons Family Solutions, Inc. (a)(b)		475		18,577
Capella Education Co. (a)		437		27,596
Career Education Corp. (a)(b)		2,202		16,427
Carriage Services, Inc. (a)		627		11,436
Corinthian Colleges, Inc. (a)(b)		3,162		4,364
Education Management Corp. (a)(b)		967		4,709
Grand Canyon Education, Inc. (b)		1,763		82,332
Hillenbrand, Inc. (a)		2,184		70,609
Houghton Mifflin Harcourt Co. (a)(b)		888		18,053
ITT Educational Services, Inc. (b)		929		26,644
JTH Holding, Inc. (Class A) (b)		188		5,215
K12, Inc. (b)		1,081		24,485
LifeLock, Inc. (b)		2,402		41,098
Lincoln Educational Services Corp. (a)		949		3,578
Matthews International Corp. (Class A) (a)		1,100		44,891
Regis Corp. (a)		1,896		25,975
Sotheby’s (a)		2,707		117,890
Steiner Leisure, Ltd. (a)(b)		587		27,149
Strayer Education, Inc. (a)(b)		435		20,197
Universal Technical Institute, Inc.		856		11,085

				678,673

DIVERSIFIED FINANCIAL SERVICES — 0.3%
California First National Bancorp (a)		95		1,458
Gain Capital Holdings, Inc. (a)		437		4,724
MarketAxess Holdings, Inc.		1,503		89,008
Marlin Business Services Corp. (a)		323		6,721
NewStar Financial, Inc. (b)		1,043		14,456
PHH Corp. (a)(b)		2,275		58,786
Pico Holdings, Inc. (b)		910		23,651
Resource America, Inc. (Class A) (a)		489		4,191

				202,995

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6%
8x8, Inc. (a)(b)		3,596		38,873
Atlantic Tele-Network, Inc.		361		23,797
Cbeyond, Inc. (b)		1,063		7,707
Cincinnati Bell, Inc. (a)(b)		8,281		28,652
Cogent Communications Group, Inc.		1,878		66,725
Consolidated Communications Holdings, Inc. (a)		1,593		31,876
Fairpoint Communications, Inc. (b)		833		11,329
General Communication, Inc. (Class A) (b)		1,252		14,285
Hawaiian Telcom Holdco, Inc. (b)		416		11,852
HickoryTech Corp. (a)		548		7,009
IDT Corp. (Class B) (a)		608		10,129
inContact, Inc. (a)(b)		2,123		20,381
Inteliquent, Inc.		1,289		18,729
Iridium Communications, Inc. (a)(b)		2,559		19,218
Lumos Networks Corp.		607		8,116
magicJack VocalTec, Ltd. (b)		739		15,689
ORBCOMM, Inc. (b)		1,430		9,796
Premiere Global Services, Inc. (b)		1,916		23,107
Straight Path Communications, Inc. (Class B) (a)(b)		304		2,237
Towerstream Corp. (a)(b)		2,649		6,225
Vonage Holdings Corp. (a)(b)		6,183		26,401

				402,133

ELECTRIC UTILITIES — 1.4%
ALLETE, Inc.		1,598		83,767
Cleco Corp.		2,414		122,100
El Paso Electric Co.		1,606		57,382
Genie Energy, Ltd. (Class B) (a)(b)		513		5,115
IDACORP, Inc. (a)		2,005		111,217
MGE Energy, Inc. (a)		1,389		54,490
NRG Yield, Inc. (Class A) (a)		901		35,617
Otter Tail Corp. (a)		1,441		44,368

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

PNM Resources, Inc.		3,158	$	85,361
Portland General Electric Co. (a)		3,023		97,764
The Empire District Electric Co.		1,703		41,417
UIL Holdings Corp. (a)		2,256		83,043
Unitil Corp.		551		18,095
UNS Energy Corp.		1,655		99,350

				939,086

ELECTRICAL EQUIPMENT — 1.6%
Acuity Brands, Inc.		1,712		226,960
American Superconductor Corp. (a)(b)		1,908		3,072
AZZ, Inc. (a)		1,019		45,529
Brady Corp. (Class A) (a)		1,840		49,956
Capstone Turbine Corp. (a)(b)		12,133		25,843
Encore Wire Corp. (a)		862		41,816
EnerSys (a)		1,932		133,868
Enphase Energy, Inc. (b)		639		4,703
Franklin Electric Co., Inc.		1,893		80,490
FuelCell Energy, Inc. (a)(b)		6,273		15,557
Generac Holdings, Inc. (a)		2,043		120,476
General Cable Corp. (a)		1,986		50,861
Global Power Equipment Group, Inc. (a)		682		13,565
GrafTech International, Ltd. (b)		4,660		50,887
LSI Industries, Inc.		854		6,994
Polypore International, Inc. (a)(b)		1,867		63,870
Powell Industries, Inc. (a)		361		23,393
Power Solutions International, Inc. (a)(b)		93		6,991
PowerSecure International, Inc. (a)(b)		870		20,393
Preformed Line Products Co. (a)		128		8,774
Revolution Lighting Technologies, Inc. (a)(b)		1,175		3,701
Thermon Group Holdings, Inc. (a)(b)		1,081		25,058
Vicor Corp. (b)		703		7,171

				1,029,928

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.8%
Aeroflex Holding Corp. (a)(b)		779		6,473
Agilysys, Inc. (b)		568		7,611
Anixter International, Inc.		1,084		110,048
Audience, Inc. (b)		380		4,750
Badger Meter, Inc. (a)		570		31,407
Belden, Inc.		1,763		122,705
Benchmark Electronics, Inc. (b)		2,163		48,992
Checkpoint Systems, Inc. (a)(b)		1,631		21,888
Cognex Corp. (b)		3,468		117,426
Coherent, Inc. (b)		986		64,435
Control4 Corp. (a)(b)		205		4,348
CTS Corp. (a)		1,327		27,708
Daktronics, Inc.		1,461		21,024
DTS, Inc. (a)(b)		721		14,247
Electro Rent Corp.		740		13,017
Electro Scientific Industries, Inc. (a)		948		9,338
Fabrinet (a)(b)		1,135		23,574
FARO Technologies, Inc. (b)		682		36,146
FEI Co.		1,669		171,940
GSI Group, Inc. (b)		1,214		15,855
II-VI, Inc. (b)		2,030		31,323
Insight Enterprises, Inc. (b)		1,726		43,340
InvenSense, Inc. (a)(b)		2,258		53,447
Itron, Inc. (a)(b)		1,577		56,047
Kemet Corp. (b)		1,783		10,359
Littelfuse, Inc.		857		80,249
Maxwell Technologies, Inc. (b)		1,156		14,935
Measurement Specialties, Inc. (a)(b)		612		41,524
Mercury Computer Systems, Inc. (b)		1,290		17,041
Mesa Laboratories, Inc. (a)		112		10,108
Methode Electronics, Inc. (Class A) (a)		1,480		45,377
MTS Systems Corp. (a)		627		42,943
Multi-Fineline Electronix, Inc. (a)(b)		341		4,365
Neonode, Inc. (b)		1,073		6,105
Newport Corp. (b)		1,558		32,219
OSI Systems, Inc. (b)		796		47,649
Park Electrochemical Corp.		834		24,912
PC Connection, Inc.		378		7,681
Plexus Corp. (b)		1,365		54,696
RadiSys Corp. (a)(b)		929		3,335
RealD, Inc. (a)(b)		1,613		18,017
Richardson Electronics, Ltd.		460		4,950
Rofin-Sinar Technologies, Inc. (a)(b)		1,120		26,835
Rogers Corp. (b)		682		42,570
Sanmina Corp. (a)(b)		3,298		57,550
Scansource, Inc. (b)		1,116		45,499
Speed Commerce, Inc. (b)		1,756		6,392
SYNNEX Corp. (b)		1,070		64,853
TTM Technologies, Inc. (a)(b)		2,106		17,796
Uni-Pixel, Inc. (a)(b)		399		3,056
Universal Display Corp. (b)		1,606		51,247
Viasystems Group, Inc. (a)(b)		152		1,903
Vishay Precision Group, Inc. (b)		494		8,586
Zygo Corp. (b)		663		10,071

				1,859,912

ENERGY EQUIPMENT & SERVICES — 1.9%
Basic Energy Services, Inc. (a)(b)		1,195		32,755
Bolt Technology Corp.		342		6,761
Bristow Group, Inc.		1,447		109,277
C&J Energy Services, Inc. (b)		1,798		52,430
Cal Dive International, Inc. (a)(b)		3,904		6,637
CARBO Ceramics, Inc. (a)		795		109,702
CHC Group, Ltd. (b)		1,410		10,420
Dawson Geophysical Co.		323		9,047
Era Group, Inc. (a)(b)		800		23,448
Exterran Holdings, Inc.		2,294		100,661
Forum Energy Technologies, Inc. (b)		1,570		48,639
Geospace Technologies Corp. (a)(b)		515		34,078
Gulf Island Fabrication, Inc. (a)		569		12,296
Gulfmark Offshore, Inc. (Class A) (a)		1,062		47,726
Helix Energy Solutions Group, Inc. (a)(b)		4,234		97,297
Hercules Offshore, Inc. (b)		6,350		29,147
Hornbeck Offshore Services, Inc. (a)(b)		1,467		61,335
ION Geophysical Corp. (a)(b)		5,306		22,338
Key Energy Services, Inc. (b)		6,065		56,041
Matrix Service Co. (b)		1,043		35,233
Mitcham Industries, Inc. (a)(b)		513		7,151
Natural Gas Services Group, Inc. (a)(b)		494		14,889
Newpark Resources, Inc. (a)(b)		3,431		39,285
North Atlantic Drilling, Ltd.		2,834		25,053

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Nuverra Environmental Solutions, Inc. (a)(b)		567	$	11,504
Parker Drilling Co. (b)		4,744		33,635
PHI, Inc. (a)(b)		493		21,810
Pioneer Energy Services Corp. (b)		2,482		32,142
RigNet, Inc. (a)(b)		475		25,569
SEACOR Holdings, Inc. (a)(b)		797		68,877
Tesco Corp. (a)(b)		1,196		22,126
Tetra Technologies, Inc. (a)(b)		3,113		39,846
TGC Industries, Inc. (a)(b)		622		3,701
Vantage Drilling Co. (a)(b)		8,003		13,685
Willbros Group, Inc. (a)(b)		1,594		20,116

				1,284,657

FOOD & STAPLES RETAILING — 1.2%
Casey’s General Stores, Inc. (a)		1,536		103,818
Fairway Group Holdings Corp. (b)		625		4,775
Ingles Markets, Inc. (Class A)		477		11,362
Natural Grocers by Vitamin Cottage, Inc. (a)(b)		359		15,674
PriceSmart, Inc.		758		76,505
Rite Aid Corp. (a)(b)		29,170		182,896
Roundy’s, Inc.		990		6,811
Spartan Stores, Inc.		1,462		33,933
SUPERVALU, Inc. (b)		8,091		55,343
Susser Holdings Corp. (a)(b)		720		44,978
The Andersons, Inc. (a)		1,112		65,875
The Chefs’ Warehouse, Inc. (a)(b)		675		14,445
The Pantry, Inc. (b)		930		14,266
United Natural Foods, Inc. (b)		1,975		140,067
Village Super Market, Inc. (Class A)		247		6,521
Weis Markets, Inc.		437		21,522

				798,791

FOOD PRODUCTS — 1.7%
Alico, Inc. (a)		114		4,298
Annie’s, Inc. (a)(b)		549		22,064
B&G Foods, Inc. (a)		2,104		63,351
Boulder Brands, Inc. (a)(b)		2,370		41,759
Cal-Maine Foods, Inc.		589		36,977
Calavo Growers, Inc. (a)		492		17,505
Chiquita Brands International, Inc. (b)		1,855		23,095
Darling International, Inc. (b)		6,272		125,566
Diamond Foods, Inc. (a)(b)		891		31,123
Farmer Brothers Co. (a)(b)		228		4,492
Fresh Del Monte Produce, Inc. (a)		1,511		41,658
Griffin Land & Nurseries, Inc. (a)		111		3,357
Hain Celestial Group, Inc. (b)		1,540		140,864
Inventure Foods, Inc. (b)		565		7,899
J&J Snack Foods Corp.		592		56,814
John B Sanfilippo & Son, Inc.		323		7,436
Lancaster Colony Corp. (a)		742		73,770
Lifeway Foods, Inc. (a)		190		2,793
Limoneira Co. (a)		399		9,049
Omega Protein Corp. (b)		796		9,608
Pilgrim’s Pride Corp. (b)		2,408		50,375
Post Holdings, Inc. (b)		1,525		84,058
Sanderson Farms, Inc. (a)		914		71,740
Seaboard Corp. (b)		11		28,836
Seneca Foods Corp. (Class A) (b)		323		10,168
Snyders-Lance, Inc. (a)		1,896		53,448
Tootsie Roll Industries, Inc. (a)		800		23,954
TreeHouse Foods, Inc. (a)(b)		1,459		105,033

				1,151,090

GAS UTILITIES — 0.9%
Chesapeake Utilities Corp.		380		24,001
Delta Natural Gas Co., Inc. (a)		266		5,511
New Jersey Resources Corp.		1,674		83,365
Northwest Natural Gas Co. (a)		1,080		47,531
Piedmont Natural Gas Co., Inc. (a)		3,023		106,984
South Jersey Industries, Inc. (a)		1,267		71,066
Southwest Gas Corp.		1,837		98,188
The Laclede Group, Inc.		1,310		61,766
WGL Holdings, Inc.		2,064		82,684

				581,096

HEALTH CARE EQUIPMENT & SUPPLIES — 3.6%
Abaxis, Inc. (a)(b)		873		33,942
ABIOMED, Inc. (a)(b)		1,536		39,997
Accuray, Inc. (a)(b)		2,957		28,387
Align Technology, Inc. (b)		2,900		150,191
Alphatec Holdings, Inc. (b)		2,465		3,697
Analogic Corp.		492		40,398
AngioDynamics, Inc. (b)		986		15,529
Anika Therapeutics, Inc. (a)(b)		475		19,522
Antares Pharma, Inc. (a)(b)		4,491		15,718
ArthroCare Corp. (b)		1,118		53,876
AtriCure, Inc. (b)		813		15,293
Atrion Corp. (a)		68		20,817
Biolase, Inc. (a)(b)		1,368		3,297
Cantel Medical Corp.		1,308		44,106
Cardiovascular Systems, Inc. (b)		1,008		32,044
Cerus Corp. (b)		2,782		13,354
CONMED Corp.		1,099		47,752
CryoLife, Inc. (a)		1,100		10,956
Cutera, Inc. (b)		587		6,569
Cyberonics, Inc. (a)(b)		1,096		71,514
Cynosure, Inc. (Class A) (b)		760		22,268
Derma Sciences, Inc. (b)		837		10,613
DexCom, Inc. (a)(b)		2,820		116,635
Endologix, Inc. (b)		2,503		32,214
Exactech, Inc. (a)(b)		378		8,528
GenMark Diagnostics, Inc. (a)(b)		1,424		14,155
Globus Medical, Inc. (Class A) (b)		2,180		57,966
Greatbatch, Inc. (b)		948		43,532
Haemonetics Corp. (a)(b)		2,036		66,353
HealthStream, Inc. (a)(b)		797		21,280
HeartWare International, Inc. (a)(b)		648		60,769
ICU Medical, Inc. (b)		513		30,718
Insulet Corp. (b)		2,132		101,099
Integra LifeSciences Holdings Corp. (b)		936		43,047
Invacare Corp.		1,270		24,219
LDR Holding Corp. (b)		224		7,690
Masimo Corp. (a)(b)		1,935		52,845
Medical Action Industries, Inc. (a)(b)		586		4,084
Meridian Bioscience, Inc. (a)		1,650		35,953
Merit Medical Systems, Inc. (b)		1,688		24,138
Natus Medical, Inc. (a)(b)		1,214		31,321
Neogen Corp. (b)		1,428		64,189
NuVasive, Inc. (b)		1,765		67,794
NxStage Medical, Inc. (b)		2,385		30,385
OraSure Technologies, Inc. (b)		2,216		17,662

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Orthofix International NV (a)(b)		777	$	23,427
Oxford Immunotec Global PLC (b)		226		4,536
PhotoMedex, Inc. (a)(b)		549		8,691
Quidel Corp. (a)(b)		1,119		30,549
Rockwell Medical, Inc. (a)(b)		1,557		19,712
RTI Surgical, Inc. (a)(b)		2,237		9,127
Spectranetics Corp. (b)		1,612		48,860
Staar Surgical Co. (a)(b)		1,460		27,448
STERIS Corp.		2,353		112,356
SurModics, Inc. (a)(b)		568		12,837
Symmetry Medical, Inc. (a)(b)		1,479		14,879
Tandem Diabetes Care, Inc. (a)(b)		338		7,466
TearLab Corp. (a)(b)		1,158		7,828
Thoratec Corp. (b)		2,284		81,790
Tornier NV (b)		1,042		22,111
Unilife Corp. (a)(b)		3,809		15,503
Utah Medical Products, Inc. (a)		133		7,691
Vascular Solutions, Inc. (b)		663		17,364
Veracyte, Inc. (a)(b)		122		2,090
Volcano Corp. (a)(b)		2,176		42,889
West Pharmaceutical Services, Inc. (a)		2,742		120,785
Wright Medical Group, Inc. (b)		1,613		50,116
Zeltiq Aesthetics, Inc. (b)		703		13,786

				2,358,257

HEALTH CARE PROVIDERS & SERVICES — 3.0%
Acadia Healthcare Co., Inc. (a)(b)		1,404		63,348
Addus HomeCare Corp. (b)		208		4,794
Air Methods Corp. (a)(b)		1,553		82,977
Alliance HealthCare Services, Inc. (a)(b)		189		6,337
Almost Family, Inc. (a)(b)		323		7,461
Amedisys, Inc. (a)(b)		1,252		18,642
AMN Healthcare Services, Inc. (b)		1,838		25,254
AmSurg Corp. (b)		1,270		59,792
athenahealth, Inc. (a)(b)		1,445		231,547
Bio-Reference Laboratories, Inc. (a)(b)		968		26,794
BioScrip, Inc. (a)(b)		2,328		16,249
Capital Senior Living Corp. (a)(b)		1,140		29,629
Centene Corp. (b)		2,158		134,336
Chemed Corp.		718		64,225
Chindex International, Inc. (a)(b)		476		9,082
Corvel Corp. (b)		456		22,691
Cross Country Healthcare, Inc. (a)(b)		1,081		8,724
Emeritus Corp. (b)		1,610		50,618
ExamWorks Group, Inc. (b)		1,211		42,397
Five Star Quality Care, Inc. (b)		1,710		8,311
Gentiva Health Services, Inc. (a)(b)		1,252		11,418
Hanger, Inc. (a)(b)		1,385		46,647
HealthSouth Corp. (a)		3,483		125,144
Healthways, Inc. (a)(b)		1,366		23,413
HMS Holdings Corp. (a)(b)		3,501		66,694
IPC The Hospitalist Co. (a)(b)		665		32,638
Kindred Healthcare, Inc.		2,157		50,517
Landauer, Inc. (a)		380		17,225
LHC Group, Inc. (a)(b)		475		10,479
Magellan Health Services, Inc. (b)		1,081		64,157
Molina Healthcare, Inc. (a)(b)		1,133		42,555
MWI Veterinary Supply, Inc. (b)		514		79,989
National Healthcare Corp. (a)		435		24,260
National Research Corp. (Class A) (a)(b)		397		6,586
Owens & Minor, Inc. (a)		2,467		86,419
PharMerica Corp. (a)(b)		1,175		32,877
Select Medical Holdings Corp.		1,935		24,091
Skilled Healthcare Group, Inc. (Class A) (b)		796		4,195
Surgical Care Affiliates, Inc. (a)(b)		448		13,776
Team Health Holdings, Inc. (b)		2,723		121,854
The Ensign Group, Inc.		777		33,908
The Providence Service Corp. (a)(b)		418		11,821
Triple-S Management Corp. (Class B) (b)		948		15,301
Universal American Corp.		1,536		10,860
US Physical Therapy, Inc.		475		16,421
USMD Holdings, Inc. (a)(b)		38		485
WellCare Health Plans, Inc. (b)		1,746		110,906

				1,997,844

HEALTH CARE TECHNOLOGY — 0.4%
Computer Programs and Systems, Inc.		437		28,230
MedAssets, Inc. (b)		2,427		59,971
Medidata Solutions, Inc. (a)(b)		2,123		115,364
Merge Healthcare, Inc. (b)		2,598		6,339
Omnicell, Inc. (b)		1,368		39,152
Vocera Communications, Inc. (a)(b)		835		13,636

				262,692

HOTELS, RESTAURANTS & LEISURE — 2.7%
Biglari Holdings, Inc. (b)		58		28,274
BJ’s Restaurants, Inc. (a)(b)		986		32,252
Bloomin’ Brands, Inc. (b)		2,199		52,996
Bob Evans Farms, Inc.		979		48,979
Boyd Gaming Corp. (a)(b)		2,770		36,564
Bravo Brio Restaurant Group, Inc. (a)(b)		779		10,992
Buffalo Wild Wings, Inc. (b)		732		108,995
Caesars Entertainment Corp. (a)(b)		1,704		32,393
Carrols Restaurant Group, Inc. (a)(b)		948		6,797
Churchill Downs, Inc.		553		50,489
Chuy’s Holdings, Inc. (a)(b)		646		27,868
ClubCorp Holdings, Inc.		885		16,727
Cracker Barrel Old Country Store, Inc.		766		74,486
Del Frisco’s Restaurant Group, Inc. (b)		417		11,634
Denny’s Corp. (a)(b)		3,657		23,515
Diamond Resorts International, Inc. (a)(b)		695		11,780
DineEquity, Inc.		663		51,760
Diversified Restaurant Holdings, Inc. (a)(b)		432		2,160
Einstein Noah Restaurant Group, Inc.		264		4,345
Fiesta Restaurant Group, Inc. (b)		916		41,760
Ignite Restaurant Group, Inc. (a)(b)		285		4,010
International Speedway Corp. (Class A)		1,114		37,865
Interval Leisure Group, Inc.		1,574		41,144
Intrawest Resorts Holdings, Inc. (b)		712		9,285
Isle of Capri Casinos, Inc. (b)		835		6,404
Jack in the Box, Inc. (b)		1,635		96,367
Jamba, Inc. (a)(b)		665		7,977
Krispy Kreme Doughnuts, Inc. (a)(b)		2,613		46,329
Life Time Fitness, Inc. (a)(b)		1,707		82,107

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Luby’s, Inc. (a)(b)		796	$	4,903
Marcus Corp.		739		12,341
Marriott Vacations Worldwide Corp. (b)		1,156		64,632
Monarch Casino & Resort, Inc. (b)		342		6,337
Morgans Hotel Group Co. (a)(b)		1,062		8,539
Multimedia Games Holding Co., Inc. (b)		1,156		33,570
Nathan’s Famous, Inc. (b)		114		5,585
Noodles & Co. (a)(b)		244		9,631
Orient-Express Hotels, Ltd. (Class A) (b)		3,812		54,931
Papa John’s International, Inc.		1,286		67,013
Pinnacle Entertainment, Inc. (a)(b)		2,330		55,221
Popeyes Louisiana Kitchen, Inc. (a)(b)		948		38,527
Potbelly Corp. (a)(b)		436		7,791
Red Robin Gourmet Burgers, Inc. (b)		568		40,714
Ruby Tuesday, Inc. (a)(b)		2,427		13,616
Ruth’s Hospitality Group, Inc.		1,422		17,192
Scientific Games Corp. (Class A) (b)		1,897		26,046
Sonic Corp. (b)		2,237		50,981
Speedway Motorsports, Inc. (a)		455		8,522
Texas Roadhouse, Inc.		2,484		64,783
The Cheesecake Factory, Inc. (a)		2,130		101,452
Town Sports International Holdings, Inc.		949		8,057
Vail Resorts, Inc.		1,445		100,717

				1,807,355

HOUSEHOLD DURABLES — 1.1%
Bassett Furniture Industries, Inc. (a)		435		6,460
Beazer Homes USA, Inc. (b)		1,005		20,180
Blyth, Inc. (a)		377		4,045
Cavco Industries, Inc. (b)		283		22,201
CSS Industries, Inc. (a)		342		9,234
Ethan Allen Interiors, Inc. (a)		986		25,094
EveryWare Global, Inc. (b)		396		1,806
Flexsteel Industries, Inc. (a)		190		7,148
Helen of Troy, Ltd. (b)		1,271		87,991
Hooker Furniture Corp. (a)		435		6,812
Hovnanian Enterprises, Inc. (Class A) (a)(b)		4,510		21,332
iRobot Corp. (a)(b)		1,125		46,181
KB Home		3,333		56,628
La-Z-Boy, Inc. (a)		2,085		56,504
LGI Homes, Inc. (a)(b)		337		5,813
Libbey, Inc. (a)(b)		834		21,684
Lifetime Brands, Inc. (a)		398		7,108
M.D.C. Holdings, Inc. (a)		1,558		44,060
M/I Homes, Inc. (b)		967		21,680
Meritage Homes Corp. (b)		1,536		64,328
NACCO Industries, Inc. (Class A) (a)		190		10,300
Skullcandy, Inc. (b)		720		6,610
Standard Pacific Corp. (a)(b)		5,898		49,012
The New Home Co., Inc. (b)		356		5,069
The Ryland Group, Inc. (a)		1,846		73,711
TRI Pointe Homes, Inc. (b)		589		9,560
UCP, Inc. (Class A) (a)(b)		323		4,864
Universal Electronics, Inc. (b)		601		23,072
WCI Communities, Inc. (b)		281		5,553
William Lyon Homes (Class A) (a)(b)		549		15,158
Zagg, Inc. (a)(b)		1,230		5,683

				744,881

HOUSEHOLD PRODUCTS — 0.2%
Central Garden & Pet Co. (Class A) (a)(b)		1,670		13,811
Harbinger Group, Inc. (a)(b)		1,308		15,997
Oil-Dri Corp. of America		190		6,563
Orchids Paper Products Co.		245		7,497
Spectrum Brands Holdings, Inc.		858		68,382
WD-40 Co.		620		48,093

				160,343

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.2%
Atlantic Power Corp. (a)		4,774		13,845
Dynegy, Inc. (a)(b)		3,884		96,867
Ormat Technologies, Inc. (a)		703		21,097
Pattern Energy Group, Inc.		678		18,394

				150,203

INDUSTRIAL CONGLOMERATES — 0.1%
Raven Industries, Inc. (a)		1,399		45,817

INSURANCE — 2.4%
Ambac Financial Group, Inc. (b)		1,796		55,730
American Equity Investment Life Holding Co. (a)		2,556		60,373
AMERISAFE, Inc.		739		32,450
Amtrust Financial Services, Inc. (a)		1,234		46,411
Argo Group International Holdings, Ltd.		1,081		49,618
Baldwin & Lyons, Inc. (Class B) (a)		363		9,543
Blue Capital Reinsurance Holdings, Ltd. (a)(b)		226		3,930
Citizens, Inc. (a)(b)		1,726		12,772
CNO Financial Group, Inc.		8,871		160,565
Crawford & Co. (Class B) (a)		1,043		11,379
Donegal Group, Inc. (Class A)		302		4,403
eHealth, Inc. (a)(b)		743		37,745
EMC Insurance Group, Inc. (a)		170		6,040
Employers Holdings, Inc. (a)		1,233		24,944
Enstar Group, Ltd. (b)		381		51,934
FBL Financial Group, Inc. (Class A)		359		15,552
Fidelity & Guaranty Life		454		10,714
First American Financial Corp. (a)		4,289		113,873
Fortegra Financial Corp. (a)(b)		246		1,729
Global Indemnity PLC (b)		344		9,061
Greenlight Capital Re, Ltd. (Class A) (a)(b)		1,118		36,670
Hallmark Financial Services, Inc. (b)		568		4,720
HCI Group, Inc.		377		13,723
Health Insurance Innovations, Inc. (Class A) (a)(b)		190		1,965
Hilltop Holdings, Inc. (b)		2,465		58,642
Horace Mann Educators Corp.		1,574		45,646
Independence Holding Co. (a)		321		4,308
Infinity Property & Casualty Corp. (a)		456		30,839
Investors Title Co. (a)		57		4,326
Kansas City Life Insurance Co.		152		7,326
Maiden Holdings, Ltd. (a)		1,988		24,810
Meadowbrook Insurance Group, Inc. (a)		1,990		11,602

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Montpelier Re Holdings, Ltd. (a)		1,635	$	48,658
National Interstate Corp.		266		7,132
National Western Life Insurance Co. (Class A)		95		23,228
OneBeacon Insurance Group, Ltd. (Class A)		905		13,991
Platinum Underwriters Holdings, Ltd.		1,088		65,389
Primerica, Inc.		2,275		107,175
RLI Corp. (a)		1,704		75,385
Safety Insurance Group, Inc. (a)		513		27,625
Selective Insurance Group, Inc.		2,216		51,677
State Auto Financial Corp.		588		12,530
Stewart Information Services Corp. (a)		853		29,966
Symetra Financial Corp.		3,244		64,296
The Navigators Group, Inc. (a)(b)		416		25,538
The Phoenix Cos., Inc. (b)		228		11,799
Third Point Reinsurance, Ltd. (b)		996		15,787
Tower Group International, Ltd. (a)		2,292		6,188
United Fire Group, Inc.		817		24,796
Universal Insurance Holdings, Inc. (a)		1,056		13,411

				1,587,914

INTERNET & CATALOG RETAIL — 0.4%
1-800-FLOWERS.COM, Inc. (Class A) (b)		1,024		5,765
Blue Nile, Inc. (b)		494		17,191
FTD Cos., Inc. (b)		739		23,508
HSN, Inc.		1,347		80,456
NutriSystem, Inc.		1,138		17,150
Orbitz Worldwide, Inc. (a)(b)		949		7,440
Overstock.com, Inc. (b)		438		8,629
PetMed Express, Inc. (a)		798		10,701
RetailMeNot, Inc. (b)		375		12,000
Shutterfly, Inc. (a)(b)		1,522		64,959
ValueVision Media, Inc. (Class A) (b)		1,568		7,620
Vitacost.com, Inc. (a)(b)		874		6,197

				261,616

INTERNET SOFTWARE & SERVICES — 2.9%
Angie’s List, Inc. (a)(b)		1,686		20,535
Bankrate, Inc. (b)		1,840		31,170
Bazaarvoice, Inc. (b)		1,917		13,994
Benefitfocus, Inc. (a)(b)		222		10,427
Blucora, Inc. (a)(b)		1,631		32,114
Brightcove, Inc. (b)		1,119		11,000
Carbonite, Inc. (b)		474		4,830
ChannelAdvisor Corp. (a)(b)		245		9,246
Chegg, Inc. (a)(b)		461		3,227
comScore, Inc. (b)		1,423		46,660
Constant Contact, Inc. (b)		1,228		30,037
Conversant, Inc. (a)(b)		2,595		73,049
Cornerstone OnDemand, Inc. (a)(b)		1,618		77,454
CoStar Group, Inc. (b)		1,124		209,896
Cvent, Inc. (a)(b)		260		9,399
Dealertrack Technologies, Inc. (a)(b)		1,724		84,804
Demand Media, Inc. (a)(b)		1,442		6,994
Demandware, Inc. (a)(b)		753		48,237
Dice Holdings, Inc. (a)(b)		1,602		11,951
Digital River, Inc. (a)(b)		1,395		24,315
E2open, Inc. (a)(b)		585		13,788
EarthLink Holdings Corp.		4,109		14,833
eGain Corp. (a)(b)		512		3,615
Endurance International Group Holdings, Inc. (a)(b)		792		10,304
Envestnet, Inc. (b)		892		35,841
Global Eagle Entertainment, Inc. (a)(b)		1,245		19,646
Gogo, Inc. (a)(b)		430		8,832
Internap Network Services Corp. (b)		2,138		15,137
IntraLinks Holdings, Inc. (b)		1,534		15,693
j2 Global, Inc.		1,834		91,792
Limelight Networks, Inc. (a)(b)		2,125		4,632
Liquidity Services, Inc. (b)		986		25,685
LivePerson, Inc. (b)		2,197		26,518
LogMeIn, Inc. (a)(b)		967		43,409
Marchex, Inc. (Class B) (a)		910		9,564
Marin Software, Inc. (b)		361		3,816
Marketo, Inc. (b)		283		9,246
Millennial Media, Inc. (a)(b)		1,406		9,729
Monster Worldwide, Inc. (b)		3,950		29,546
Move, Inc. (b)		1,593		18,415
Net Element International, Inc. (a)(b)		95		330
NIC, Inc.		2,579		49,800
OpenTable, Inc. (a)(b)		910		70,006
Perficient, Inc. (b)		1,327		24,045
QuinStreet, Inc. (b)		1,252		8,313
RealNetworks, Inc. (a)(b)		891		6,754
Reis, Inc. (a)(b)		335		6,047
Rocket Fuel, Inc. (b)		214		9,176
SciQuest, Inc. (b)		910		24,584
Shutterstock, Inc. (b)		302		21,928
Spark Networks, Inc. (a)(b)		701		3,666
SPS Commerce, Inc. (b)		608		37,362
Stamps.com, Inc. (b)		512		17,183
support.com, Inc. (a)(b)		2,018		5,146
TechTarget, Inc. (b)		557		4,016
Textura Corp. (a)(b)		221		5,571
Travelzoo, Inc. (a)(b)		321		7,351
Tremor Video, Inc. (b)		328		1,351
Trulia, Inc. (a)(b)		1,101		36,553
United Online, Inc.		530		6,127
Unwired Planet, Inc. (b)		3,910		8,485
VistaPrint NV (b)		1,310		64,478
Vocus, Inc. (b)		740		9,864
Web.com Group, Inc. (a)(b)		1,672		56,898
WebMD Health Corp. (a)(b)		1,127		46,658
Wix.com, Ltd. (b)		333		7,649
XO Group, Inc. (b)		1,061		10,759
Xoom Corp. (b)		319		6,227
Yelp, Inc. (b)		1,306		100,471
YuMe, Inc. (b)		235		1,718
Zillow, Inc. (Class A) (a)(b)		930		81,933
Zix Corp. (a)(b)		2,465		10,205

				1,920,034

IT SERVICES — 2.1%
Acxiom Corp. (b)		2,908		100,021
Blackhawk Network Holdings, Inc. (a)(b)		456		11,122
CACI International, Inc. (Class A) (a)(b)		932		68,781
Cardtronics, Inc. (b)		1,736		67,444
Cass Information Systems, Inc. (a)		416		21,449
CIBER, Inc. (a)(b)		2,976		13,630

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Computer Task Group, Inc. (a)		620	$	10,534
Convergys Corp. (a)		4,187		91,737
CSG Systems International, Inc. (a)		1,346		35,050
Datalink Corp. (a)(b)		779		10,851
EPAM Systems, Inc. (b)		872		28,689
Euronet Worldwide, Inc. (b)		1,990		82,764
EVERTEC, Inc. (a)		1,176		29,047
ExlService Holdings, Inc. (b)		1,304		40,307
Forrester Research, Inc. (a)		493		17,674
Global Cash Access Holdings, Inc. (b)		2,636		18,083
Heartland Payment Systems, Inc. (a)		1,440		59,688
Higher One Holdings, Inc. (b)		1,252		9,052
iGate Corp. (b)		1,384		43,651
Lionbridge Technologies, Inc. (b)		2,315		15,534
Luxoft Holding, Inc. (b)		199		6,979
ManTech International Corp. (Class A) (a)		948		27,881
MAXIMUS, Inc.		2,735		122,692
ModusLink Global Solutions, Inc. (a)(b)		1,479		6,256
MoneyGram International, Inc. (b)		853		15,055
Planet Payment, Inc. (a)(b)		1,688		4,625
PRGX Global, Inc. (a)(b)		1,154		7,997
Sapient Corp. (b)		4,396		74,996
ServiceSource International, Inc. (a)(b)		2,427		20,484
Sykes Enterprises, Inc. (b)		1,568		31,156
Syntel, Inc. (b)		612		55,019
TeleTech Holdings, Inc. (b)		796		19,510
The Hackett Group, Inc.		1,040		6,219
Unisys Corp. (b)		2,027		61,742
Virtusa Corp. (b)		910		30,494
WEX, Inc. (b)		1,553		147,613

				1,413,826

LEISURE PRODUCTS — 0.5%
Arctic Cat, Inc. (a)		530		25,328
Black Diamond, Inc. (a)(b)		909		11,117
Brunswick Corp. (a)		3,613		163,633
Callaway Golf Co. (a)		2,826		28,882
JAKKS Pacific, Inc. (a)		759		5,480
Johnson Outdoors, Inc. (Class A)		190		4,830
Leapfrog Enterprises, Inc. (b)		2,540		19,050
Malibu Boats, Inc. (Class A) (b)		326		7,244
Marine Products Corp. (a)		418		3,143
Nautilus, Inc. (a)(b)		1,235		11,893
Smith & Wesson Holding Corp. (a)(b)		2,290		33,480
Sturm Ruger & Co, Inc. (a)		776		46,405

				360,485

LIFE SCIENCES TOOLS & SERVICES — 0.5%
Accelerate Diagnostics, Inc. (a)(b)		435		9,487
Affymetrix, Inc. (a)(b)		2,826		20,149
Albany Molecular Research, Inc. (a)(b)		929		17,270
Cambrex Corp. (b)		1,195		22,550
Fluidigm Corp. (b)		1,006		44,334
Furiex Pharmaceuticals, Inc. (a)(b)		266		23,142
Harvard Bioscience, Inc. (a)(b)		1,021		4,840
Luminex Corp. (a)(b)		1,481		26,821
NeoGenomics, Inc. (a)(b)		1,309		4,542
Pacific Biosciences of California, Inc. (a)(b)		1,896		10,144
PAREXEL International Corp. (b)		2,254		121,919
Sequenom, Inc. (a)(b)		4,586		11,236

				316,434

MACHINERY — 3.3%
Accuride Corp. (a)(b)		1,593		7,057
Actuant Corp. (Class A)		2,930		100,060
Alamo Group, Inc. (a)		285		15,484
Albany International Corp. (Class A)		1,119		39,769
Altra Industrial Motion Corp. (a)		1,081		38,592
American Railcar Industries, Inc.		380		26,611
Ampco-Pittsburgh Corp.		340		6,416
Astec Industries, Inc. (a)		815		35,787
Barnes Group, Inc. (a)		2,145		82,518
Blount International, Inc. (b)		1,954		23,253
Briggs & Stratton Corp. (a)		1,916		42,631
Chart Industries, Inc. (a)(b)		1,216		96,733
CIRCOR International, Inc.		701		51,404
CLARCOR, Inc.		1,995		114,413
Columbus McKinnon Corp. (a)(b)		777		20,816
Commercial Vehicle Group, Inc. (b)		949		8,655
Douglas Dynamics, Inc.		891		15,521
Dynamic Materials Corp. (a)		549		10,453
Energy Recovery, Inc. (a)(b)		1,763		9,379
EnPro Industries, Inc. (b)		834		60,607
ESCO Technologies, Inc.		1,057		37,196
Federal Signal Corp. (b)		2,484		37,012
Freightcar America, Inc.		475		11,039
Global Brass & Copper Holdings, Inc. (a)		323		5,094
Graham Corp.		399		12,708
Hardinge, Inc. (a)		473		6,811
Hurco Cos., Inc. (a)		264		7,044
Hyster-Yale Materials Handling, Inc.		418		40,755
John Bean Technologies Corp. (a)		1,157		35,751
Kadant, Inc.		451		16,448
L.B. Foster Co. (Class A) (a)		399		18,693
Lindsay Corp. (a)		515		45,413
Lydall, Inc. (b)		682		15,597
Manitex International, Inc. (a)(b)		537		8,753
Meritor, Inc. (b)		3,885		47,591
Middleby Corp. (a)(b)		737		194,723
Miller Industries, Inc.		454		8,867
Mueller Industries, Inc.		2,238		67,118
Mueller Water Products, Inc. (Class A)		6,292		59,774
NN, Inc.		682		13,435
Omega Flex, Inc. (a)		114		2,444
PMFG, Inc. (a)(b)		834		4,979
Proto Labs, Inc. (b)		682		46,151
RBC Bearings, Inc. (b)		914		58,222
Rexnord Corp. (b)		1,213		35,153
Standex International Corp.		511		27,379
Sun Hydraulics Corp. (a)		853		36,943
Tecumseh Products Co. (Class A) (a)(b)		739		5,099
Tennant Co. (a)		739		48,493
The Exone Co. (a)(b)		266		9,531
The Gorman-Rupp Co. (a)		756		24,033
The Greenbrier Cos., Inc. (a)(b)		968		44,141
Titan International, Inc. (a)		2,125		40,354

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

TriMas Corp. (b)		1,792	$	59,494
Twin Disc, Inc. (a)		322		8,481
Wabash National Corp. (a)(b)		2,730		37,565
Watts Water Technologies, Inc. (Class A)		1,138		66,789
Woodward, Inc.		2,693		111,840
Xerium Technologies, Inc. (b)		437		7,014

				2,170,086

MARINE — 0.2%
International Shipholding Corp. (a)		228		6,713
Matson, Inc.		1,703		42,047
Scorpio Bulkers, Inc. (b)		5,236		52,936
Ultrapetrol Bahamas, Ltd. (b)		853		2,644

				104,340

MEDIA — 1.3%
AH Belo Corp. (Class A)		758		8,778
AMC Entertainment Holdings, Inc. (Class A) (b)		835		20,249
Beasley Broadcasting Group, Inc. (Class A) (a)		171		1,556
Carmike Cinemas, Inc. (b)		911		27,202
Central European Media Enterprises, Ltd. (Class A) (a)(b)		3,053		8,976
Central European Media Enterprises, Ltd. (Class A) (b)		49		0
Crown Media Holdings, Inc. (Class A) (a)(b)		1,385		5,318
Cumulus Media, Inc. (Class A) (b)		3,717		25,684
Daily Journal Corp. (b)		38		6,573
Dex Media, Inc. (a)(b)		682		6,274
Entercom Communications Corp. (Class A) (a)(b)		952		9,587
Entravision Communications Corp. (Class A) (a)		2,199		14,733
Global Sources, Ltd. (a)(b)		758		6,792
Gray Television, Inc. (b)		2,007		20,813
Harte-Hanks, Inc.		1,707		15,090
Hemisphere Media Group, Inc. (a)(b)		342		4,306
Journal Communications, Inc. (Class A) (b)		1,760		15,594
Live Nation Entertainment, Inc. (b)		5,531		120,299
Loral Space & Communications, Inc. (b)		516		36,497
Martha Stewart Living Omnimedia, Inc. (Class A) (a)(b)		1,139		5,160
MDC Partners, Inc. (Class A)		1,505		34,344
Media General, Inc. (Class A) (a)(b)		779		14,310
Meredith Corp.		1,423		66,070
National CineMedia, Inc.		2,287		34,305
Nexstar Broadcasting Group, Inc. (Class A)		1,175		44,086
ReachLocal, Inc. (b)		418		4,117
Reading International, Inc. (Class A) (b)		701		5,138
Rentrak Corp. (a)(b)		418		25,197
Saga Communications, Inc. (Class A)		207		10,286
Salem Communications Corp. (Class A) (a)		416		4,156
Scholastic Corp. (a)		1,057		36,445
SFX Entertainment, Inc. (b)		684		4,822
Sinclair Broadcast Group, Inc. (Class A) (a)		2,739		74,200
Sizmek, Inc. (a)(b)		967		10,279
The E.W. Scripps Co. (Class A) (b)		1,251		22,168
The McClatchy Co. (Class A) (b)		2,425		15,568
The New York Times Co. (Class A) (a)		5,141		88,014
World Wrestling Entertainment, Inc. (Class A)		1,139		32,894

				885,880

METALS & MINING — 1.4%
A.M. Castle & Co. (a)(b)		701		10,298
AK Steel Holding Corp. (a)(b)		5,423		39,154
Allied Nevada Gold Corp. (a)(b)		4,135		17,822
AMCOL International Corp. (a)		1,114		50,999
Century Aluminum Co. (a)(b)		2,047		27,041
Coeur Mines, Inc. (b)		4,040		37,531
Commercial Metals Co.		4,660		87,981
General Moly, Inc. (a)(b)		2,292		2,269
Globe Specialty Metals, Inc. (a)		2,562		53,341
Gold Resource Corp.		1,327		6,343
Handy & Harman, Ltd. (a)(b)		208		4,578
Haynes International, Inc. (a)		497		26,838
Hecla Mining Co. (a)		13,255		40,693
Horsehead Holding Corp. (a)(b)		2,087		35,103
Kaiser Aluminum Corp. (a)		758		54,136
Materion Corp.		817		27,721
Midway Gold Corp. (b)		4,472		4,696
Molycorp, Inc. (a)(b)		5,936		27,840
Noranda Aluminium Holding Corp.		1,347		5,536
Olympic Steel, Inc. (a)		361		10,361
Paramount Gold and Silver Corp. (a)(b)		5,494		6,758
RTI International Metals, Inc. (b)		1,252		34,780
Schnitzer Steel Industries, Inc. (Class A) (a)		1,024		29,542
Stillwater Mining Co. (a)(b)		4,702		69,637
SunCoke Energy, Inc. (b)		2,788		63,678
Universal Stainless & Alloy Products, Inc. (a)(b)		283		9,557
US Silica Holdings, Inc. (a)		853		32,559
Walter Energy, Inc. (a)		2,488		18,809
Worthington Industries, Inc.		2,112		80,784

				916,385

MULTI-UTILITIES — 0.4%
Avista Corp. (a)		2,391		73,284
Black Hills Corp.		1,762		101,579
NorthWestern Corp. (a)		1,513		71,762

				246,625

MULTILINE RETAIL — 0.1%
Burlington Stores, Inc. (b)		564		16,649
Fred’s, Inc. (Class A) (a)		1,460		26,295
Gordmans Stores, Inc.		359		1,960
The Bon-Ton Stores, Inc. (a)		531		5,831
Tuesday Morning Corp. (a)(b)		1,708		24,168

				74,903

OIL, GAS & CONSUMABLE FUELS — 3.8%
Abraxas Petroleum Corp. (b)		3,278		12,981
Adams Resources & Energy, Inc. (a)		76		4,402

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Alon USA Energy, Inc.		929	$	13,879
Alpha Natural Resources, Inc. (a)(b)		8,794		37,374
Amyris, Inc. (a)(b)		1,043		3,890
Apco Oil and Gas International, Inc. (b)		361		5,216
Approach Resources, Inc. (a)(b)		1,384		28,939
Arch Coal, Inc. (a)		8,452		40,739
Athlon Energy, Inc. (b)		730		25,878
Bill Barrett Corp. (a)(b)		1,935		49,536
Bonanza Creek Energy, Inc. (b)		1,176		52,214
BPZ Resources, Inc. (a)(b)		4,698		14,940
Callon Petroleum Co. (b)		1,593		13,333
Carrizo Oil & Gas, Inc. (b)		1,832		97,939
Clayton Williams Energy, Inc. (b)		233		26,331
Clean Energy Fuels Corp. (a)(b)		2,712		24,245
Cloud Peak Energy, Inc. (b)		2,427		51,307
Comstock Resources, Inc. (a)		1,916		43,781
Contango Oil & Gas Co. (a)(b)		588		28,071
Delek US Holdings, Inc.		1,480		42,979
Diamondback Energy, Inc. (b)		867		58,358
Emerald Oil, Inc. (b)		2,258		15,174
Endeavour International Corp. (a)(b)		1,879		6,107
Energy XXI Bermuda, Ltd.		2,877		67,811
EPL Oil & Gas, Inc. (b)		1,195		46,127
Equal Energy, Ltd.		1,423		6,517
Evolution Petroleum Corp.		682		8,682
EXCO Resources, Inc. (a)		6,683		37,425
Forest Oil Corp. (a)(b)		4,755		9,082
Frontline, Ltd. (b)		2,049		8,053
FX Energy, Inc. (b)		2,125		7,097
GasLog, Ltd.		1,214		28,274
Gastar Exploration, Inc. (b)		2,240		12,253
Goodrich Petroleum Corp. (a)(b)		1,252		19,807
Green Plains Renewable Energy, Inc. (a)		1,005		30,110
Halcon Resources Corp. (a)(b)		9,238		40,001
Hallador Energy Co. (a)		342		2,924
Isramco, Inc. (b)		38		5,035
Jones Energy, Inc. (Class A) (a)(b)		428		6,480
KiOR, Inc. (Class A) (a)(b)		1,745		1,000
Knightsbridge Tankers, Ltd.		1,164		15,772
Kodiak Oil & Gas Corp. (b)		10,612		128,830
L&L Energy, Inc. (a)(b)		1,195		753
Magnum Hunter Resources Corp. (a)(b)		6,844		58,174
Matador Resources Co. (a)(b)		2,330		57,062
Midstates Petroleum Co., Inc. (a)(b)		1,328		7,118
Miller Energy Resources, Inc. (a)(b)		1,214		7,138
Nordic American Tanker Shipping, Ltd. (a)		3,171		31,203
Northern Oil and Gas, Inc. (a)(b)		2,541		37,149
Panhandle Oil & Gas, Inc. (Class A) (a)		283		12,342
PDC Energy, Inc. (a)(b)		1,424		88,658
Penn Virginia Corp. (a)(b)		2,199		38,460
PetroQuest Energy, Inc. (b)		2,277		12,979
Quicksilver Resources, Inc. (a)(b)		4,966		13,061
Renewable Energy Group, Inc. (b)		835		10,003
Rentech, Inc. (a)(b)		9,003		17,106
Resolute Energy Corp. (a)(b)		2,693		19,390
REX American Resources Corp. (b)		208		11,866
Rex Energy Corp. (b)		1,803		33,734
Rosetta Resources, Inc. (a)(b)		2,422		112,817
RSP Permian, Inc. (b)		912		26,348
Sanchez Energy Corp. (a)(b)		1,528		45,275
Scorpio Tankers, Inc. (a)		7,362		73,399
SemGroup Corp.(Class A)		1,691		111,065
Ship Finance International, Ltd.		2,246		40,361
Solazyme, Inc. (b)		1,899		22,047
Stone Energy Corp. (b)		1,993		83,646
Swift Energy Co. (a)(b)		1,726		18,572
Synergy Resources Corp. (a)(b)		2,052		22,059
Targa Resources Corp.		1,323		131,321
Teekay Tankers, Ltd. (a)		2,482		8,786
Triangle Petroleum Corp. (a)(b)		2,738		22,561
Ur-Energy, Inc. (a)(b)		4,793		7,429
Uranium Energy Corp. (a)(b)		3,411		4,503
VAALCO Energy, Inc. (b)		2,311		19,759
W&T Offshore, Inc.		1,385		23,974
Warren Resources, Inc. (a)(b)		2,902		13,930
Western Refining, Inc. (a)		2,161		83,415
Westmoreland Coal Co. (a)(b)		473		14,086
ZaZa Energy Corp. (a)(b)		1,480		1,113

				2,521,555

PAPER & FOREST PRODUCTS — 0.8%
Boise Cascade Co. (b)		498		14,263
Clearwater Paper Corp. (b)		835		52,329
Deltic Timber Corp. (a)		473		30,854
KapStone Paper and Packaging Corp. (b)		3,274		94,422
Louisiana-Pacific Corp. (a)(b)		5,570		93,966
Neenah Paper, Inc.		643		33,256
P.H. Glatfelter Co.		1,707		46,464
Resolute Forest Products, Inc. (b)		2,786		55,971
Schweitzer-Mauduit International, Inc.		1,252		53,323
Wausau Paper Corp.		1,971		25,091

				499,939

PERSONAL PRODUCTS — 0.2%
Elizabeth Arden, Inc. (a)(b)		1,024		30,218
Inter Parfums, Inc.		645		23,355
Lifevantage Corp. (a)(b)		4,482		5,871
Medifast, Inc. (b)		551		16,029
Nature’s Sunshine Products, Inc. (a)		437		6,022
Nutraceutical International Corp. (b)		342		8,889
Revlon, Inc. (Class A) (a)(b)		454		11,600
Star Scientific, Inc. (a)(b)		6,636		5,207
Synutra International, Inc. (a)(b)		683		4,569
The Female Health Co. (a)		872		6,767
USANA Health Sciences, Inc. (a)(b)		245		18,458

				136,985

PHARMACEUTICALS — 1.5%
AcelRx Pharmaceuticals, Inc. (a)(b)		946		11,361
Aerie Pharmaceuticals, Inc. (a)(b)		232		4,916
Akorn, Inc. (a)(b)		2,313		50,886
Alimera Sciences, Inc. (a)(b)		681		5,373
Ampio Pharmaceuticals, Inc. (b)		1,204		7,645
Aratana Therapeutics, Inc. (a)(b)		266		4,937
Auxilium Pharmaceuticals, Inc. (a)(b)		1,967		53,463
AVANIR Pharmaceuticals, Inc. (Class A) (b)		5,783		21,224

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

BioDelivery Sciences International, Inc. (a)(b)		1,147	$	9,681
Cempra, Inc. (b)		814		9,402
ContraVir Pharmaceuticals, Inc. (a)(b)		332		747
Corcept Therapeutics, Inc. (a)(b)		2,123		9,256
DepoMed, Inc. (a)(b)		2,254		32,683
Endocyte, Inc. (b)		1,214		28,905
Hi-Tech Pharmacal Co., Inc. (b)		437		18,935
Horizon Pharma, Inc. (a)(b)		2,049		30,981
Impax Laboratories, Inc. (b)		2,730		72,127
Lannett Co., Inc. (b)		741		26,469
Nektar Therapeutics (a)(b)		5,083		61,606
Omeros Corp. (a)(b)		1,194		14,412
Omthera Pharmaceutical, Inc. (b)(d)		24		0
Pacira Pharmaceuticals, Inc. (b)		1,100		76,989
Pernix Therapeutics Holdings (a)(b)		701		3,750
Pozen, Inc. (a)(b)		1,080		8,640
Prestige Brands Holdings, Inc. (b)		1,996		54,391
Questcor Pharmaceuticals, Inc. (a)		2,071		134,470
Relypsa, Inc. (b)		226		6,737
Repros Therapeutics, Inc. (a)(b)		921		16,339
Revance Therapeutics, Inc. (b)		274		8,631
Sagent Pharmaceuticals, Inc. (b)		766		17,901
Sciclone Pharmaceuticals, Inc. (a)(b)		2,159		9,823
Sucampo Pharmaceuticals, Inc. (Class A) (a)(b)		549		3,925
Supernus Pharmaceuticals, Inc. (b)		595		5,319
The Medicines Co. (a)(b)		2,523		71,704
TherapeuticsMD, Inc. (a)(b)		3,366		21,240
VIVUS, Inc. (a)(b)		4,017		23,861
XenoPort, Inc. (a)(b)		2,403		12,424
Zogenix, Inc. (a)(b)		4,206		11,966

				963,119

PROFESSIONAL SERVICES — 1.4%
Acacia Research Corp. (a)		1,954		29,857
Barrett Business Services, Inc.		287		17,097
CBIZ, Inc. (a)(b)		1,508		13,813
CDI Corp.		568		9,741
CRA International, Inc. (b)		399		8,766
Exponent, Inc.		530		39,782
Franklin Covey Co. (b)		361		7,137
FTI Consulting, Inc. (b)		1,610		53,677
GP Strategies Corp. (a)(b)		587		15,984
Heidrick & Struggles International, Inc.		720		14,450
Huron Consulting Group, Inc. (b)		929		58,880
ICF International, Inc. (b)		778		30,972
Insperity, Inc. (a)		891		27,603
Kelly Services, Inc. (Class A) (a)		1,078		25,581
Kforce, Inc. (a)		1,081		23,047
Korn/Ferry International (b)		1,935		57,605
Mistras Group, Inc. (a)(b)		626		14,254
Navigant Consulting, Inc. (b)		2,012		37,544
Odyssey Marine Exploration, Inc. (a)(b)		3,165		7,248
On Assignment, Inc. (a)(b)		1,821		70,272
Pendrell Corp. (b)		6,447		11,798
Resources Connection, Inc. (a)		1,629		22,953
RPX Corp. (a)(b)		1,290		21,001
The Advisory Board Co. (a)(b)		1,423		91,428
The Corporate Executive Board Co.		1,347		99,988
TrueBlue, Inc. (b)		1,625		47,548
VSE Corp. (a)		171		9,012
WageWorks, Inc. (b)		1,011		56,727

				923,765

REAL ESTATE INVESTMENT TRUSTS — 7.8%
Acadia Realty Trust (a)		2,197		57,957
AG Mortgage Investment Trust, Inc.		1,118		19,576
Agree Realty Corp.		536		16,300
Alexander’s, Inc. (a)		89		32,128
Altisource Residential Corp. (a)		2,259		71,294
American Assets Trust, Inc.		1,344		45,347
American Capital Mortgage Investment Corp. (a)		2,025		38,009
American Realty Capital Properties, Inc. (a)		18,736		262,679
American Residential Properties, Inc. (b)		549		9,871
AmREIT, Inc.		789		13,074
Anworth Mortgage Asset Corp.		5,765		28,594
Apollo Commercial Real Estate Finance, Inc. (a)		1,462		24,313
Apollo Residential Mortgage, Inc.		1,270		20,612
Ares Commercial Real Estate Corp. (a)		863		11,573
Armada Hoffler Properties, Inc. (a)		758		7,610
ARMOUR Residential REIT, Inc. (a)		14,899		61,384
Ashford Hospitality Prime, Inc.		778		11,763
Ashford Hospitality Trust, Inc.		2,456		27,679
Associated Estates Realty Corp.		2,303		39,013
Aviv REIT, Inc.		456		11,149
Campus Crest Communities, Inc. (a)		2,575		22,351
Capstead Mortgage Corp. (a)		3,809		48,222
Catchmark Timber Trust, Inc. (Class A)		480		6,744
Cedar Realty Trust, Inc. (a)		2,882		17,609
Chambers Street Properties		9,462		73,520
Chatham Lodging Trust (a)		1,044		21,110
Chesapeake Lodging Trust (a)		1,935		49,788
Colony Financial, Inc.		3,662		80,381
Coresite Realty Corp. (a)		833		25,823
Cousins Properties, Inc. (a)		6,700		76,849
CubeSmart (a)		5,308		91,085
CyrusOne, Inc. (a)		762		15,872
CYS Investments, Inc. (a)		6,438		53,178
DCT Industrial Trust, Inc.		12,620		99,446
DiamondRock Hospitality Co.		7,789		91,521
DuPont Fabros Technology, Inc. (a)		2,484		59,790
Dynex Capital, Inc. (a)		2,182		19,529
EastGroup Properties, Inc.		1,214		76,373
Education Realty Trust, Inc.		4,546		44,869
Ellington Residential Mortgage REIT (a)		264		4,467
Empire State Realty Trust, Inc. (Class A) (a)		3,145		47,521
EPR Properties		2,064		110,197
Equity One, Inc. (a)		2,404		53,705
Excel Trust, Inc. (a)		1,910		24,219
FelCor Lodging Trust, Inc.		4,947		44,721
First Industrial Realty Trust, Inc.		4,284		82,767
First Potomac Realty Trust (a)		2,334		30,155
Franklin Street Properties Corp.		3,584		45,158

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Getty Realty Corp.		1,024	$	19,343
Gladstone Commercial Corp.		570		9,884
Glimcher Realty Trust (a)		5,760		57,773
Government Properties Income Trust (a)		2,180		54,936
Gramercy Property Trust, Inc. (a)		2,370		12,229
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		589		8,452
Healthcare Realty Trust, Inc.		3,728		90,031
Hersha Hospitality Trust		8,072		47,060
Highwoods Properties, Inc.		3,547		136,240
Hudson Pacific Properties, Inc. (a)		1,993		45,979
Inland Real Estate Corp.		3,396		35,828
Invesco Mortgage Capital, Inc.		4,954		81,592
Investors Real Estate Trust		4,020		36,100
iStar Financial, Inc. (a)(b)		3,391		50,051
JAVELIN Mortgage Investment Corp. (a)		535		7,174
Kite Realty Group Trust		4,904		29,424
LaSalle Hotel Properties		4,124		129,122
Lexington Realty Trust		7,170		78,225
LTC Properties, Inc.		1,385		52,118
Medical Properties Trust, Inc.		6,448		82,470
Monmouth Real Estate Investment Corp.(Class A)		1,700		16,218
National Health Investors, Inc. (a)		1,156		69,892
New Residential Investment Corp. (a)		10,084		65,244
New York Mortgage Trust, Inc.		3,215		25,013
NorthStar Realty Finance Corp.		12,962		209,207
One Liberty Properties, Inc.		473		10,084
Parkway Properties, Inc.		2,254		41,136
Pebblebrook Hotel Trust		2,446		82,601
Pennsylvania Real Estate Investment Trust		2,711		48,934
PennyMac Mortgage Investment Trust		2,809		67,135
Physicians Realty Trust		899		12,514
Potlatch Corp.		1,615		62,484
PS Business Parks, Inc.		770		64,387
QTS Realty Trust, Inc. (Class A) (a)		460		11,541
RAIT Financial Trust (a)		3,364		28,560
Ramco-Gershenson Properties Trust		2,727		44,450
Redwood Trust, Inc.		3,276		66,437
Resource Capital Corp.		5,061		28,190
Retail Opportunity Investments Corp.		2,865		42,803
Rexford Industrial Realty, Inc. (a)		670		9,501
RLJ Lodging Trust		4,940		132,096
Rouse Properties, Inc. (a)		1,083		18,671
Ryman Hospitality Properties (a)		1,762		74,920
Sabra Healthcare REIT, Inc. (a)		1,479		41,249
Saul Centers, Inc.		305		14,445
Select Income REIT		877		26,547
Silver Bay Realty Trust Corp. (a)		608		9,436
Sovran Self Storage, Inc.		1,252		91,959
STAG Industrial, Inc.		1,670		40,247
Strategic Hotels & Resorts, Inc. (b)		7,222		73,592
Summit Hotel Properties, Inc.		3,218		29,863
Sun Communities, Inc.		1,600		72,144
Sunstone Hotel Investors, Inc.		7,137		97,991
Terreno Realty Corp.		1,006		19,023
UMH Properties, Inc. (a)		612		5,985
Universal Health Realty Income Trust		475		20,064
Urstadt Biddle Properties, Inc. (Class A)		987		20,391
Washington Real Estate Investment Trust (a)		2,662		63,569
Western Asset Mortgage Capital Corp. (a)		1,051		16,438
Whitestone REIT (a)		984		14,209
Winthrop Realty Trust		1,249		14,476
ZAIS Financial Corp. (a)		228		3,798

				5,198,370

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.3%
Alexander & Baldwin, Inc.		1,666		70,905
AV Homes, Inc. (a)(b)		380		6,874
Consolidated-Tomoka Land Co.		228		9,184
Forestar Group, Inc. (a)(b)		1,385		24,653
Kennedy-Wilson Holdings, Inc. (a)		2,656		59,787
RE/MAX Holdings, Inc. (Class A) (b)		447		12,887
Tejon Ranch Co. (a)(b)		551		18,640

				202,930

ROAD & RAIL — 0.6%
Arkansas Best Corp. (a)		1,024		37,837
Celadon Group, Inc. (a)		798		19,184
Heartland Express, Inc.		1,834		41,614
Knight Transportation, Inc. (a)		2,334		53,985
Marten Transport, Ltd.		929		19,992
Patriot Transportation Holding, Inc. (a)(b)		266		9,589
Quality Distribution, Inc. (b)		836		10,860
Roadrunner Transportation Systems, Inc. (a)(b)		737		18,602
Saia, Inc. (a)(b)		967		36,949
Swift Transportation Co. (a)(b)		3,339		82,640
Universal Truckload Services, Inc. (a)		209		6,040
Werner Enterprises, Inc.		1,821		46,454
YRC Worldwide, Inc. (a)(b)		1,118		25,155

				408,901

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.8%
Advanced Energy Industries, Inc. (a)(b)		1,557		38,146
Alpha & Omega Semiconductor, Ltd. (a)(b)		683		5,027
Ambarella, Inc. (b)		739		19,739
Amkor Technology, Inc. (a)(b)		2,764		18,961
Anadigics, Inc. (a)(b)		3,279		5,574
Applied Micro Circuits Corp. (a)(b)		2,918		28,888
ATMI, Inc. (b)		1,271		43,227
Axcelis Technologies, Inc. (b)		4,318		9,284
Brooks Automation, Inc.		2,653		28,997
Cabot Microelectronics Corp. (b)		920		40,480
Cavium, Inc. (a)(b)		2,048		89,559
CEVA, Inc. (b)		886		15,558
Cirrus Logic, Inc. (a)(b)		2,522		50,112
Cohu, Inc. (a)		986		10,590
Cypress Semiconductor Corp. (a)(b)		5,859		60,172
Diodes, Inc. (b)		1,422		37,143
DSP Group, Inc. (a)(b)		793		6,851
Entegris, Inc. (b)		5,551		67,223

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Entropic Communications, Inc. (a)(b)		3,565	$	14,581
Exar Corp. (a)(b)		1,517		18,128
Formfactor, Inc. (a)(b)		2,144		13,700
GSI Technology, Inc. (a)(b)		815		5,632
GT Advanced Technologies, Inc. (a)(b)		5,320		90,706
Hittite Microwave Corp.		1,256		79,178
Inphi Corp. (b)		1,043		16,782
Integrated Device Technology, Inc. (b)		5,251		64,220
Integrated Silicon Solution, Inc. (b)		1,107		17,214
Intermolecular, Inc. (a)(b)		684		1,915
International Rectifier Corp. (b)		2,768		75,843
Intersil Corp. (Class A)		5,065		65,440
IXYS Corp.		967		10,975
Kopin Corp. (a)(b)		2,636		9,964
Lattice Semiconductor Corp. (b)		4,605		36,103
LTX-Credence Corp. (b)		1,896		16,893
M/A-COM Technology Solutions Holdings, Inc. (a)(b)		418		8,590
MaxLinear, Inc. (Class A) (b)		931		8,826
Micrel, Inc. (a)		1,858		20,587
Microsemi Corp. (b)		3,709		92,836
MKS Instruments, Inc.		2,106		62,948
Monolithic Power Systems, Inc. (b)		1,460		56,604
MoSys, Inc. (a)(b)		1,876		8,517
Nanometrics, Inc. (a)(b)		926		16,640
NeoPhotonics Corp. (a)(b)		797		6,320
NVE Corp. (b)		190		10,838
OmniVision Technologies, Inc. (b)		2,144		37,949
PDF Solutions, Inc. (a)(b)		1,005		18,261
Peregrine Semiconductor Corp. (a)(b)		1,057		6,395
Pericom Semiconductor Corp. (b)		910		7,125
Photronics, Inc. (a)(b)		2,425		20,685
PLX Technology, Inc. (a)(b)		1,819		11,005
PMC-Sierra, Inc. (b)		8,129		61,862
Power Integrations, Inc.		1,157		76,107
Rambus, Inc. (a)(b)		4,451		47,848
RF Micro Devices, Inc. (b)		11,202		88,272
Rubicon Technology, Inc. (b)		695		7,847
Rudolph Technologies, Inc. (a)(b)		1,306		14,901
Semtech Corp. (b)		2,696		68,317
Sigma Designs, Inc. (b)		1,213		5,774
Silicon Image, Inc. (a)(b)		3,073		21,204
Spansion, Inc. (Class A) (a)(b)		1,878		32,715
SunEdison, Inc. (a)(b)		10,658		200,797
SunPower Corp. (a)(b)		1,646		53,100
Supertex, Inc. (b)		397		13,093
Synaptics, Inc. (a)(b)		1,288		77,306
Tessera Technologies, Inc.		2,104		49,717
TriQuint Semiconductor, Inc. (a)(b)		6,502		87,062
Ultra Clean Holdings, Inc. (b)		948		12,466
Ultratech, Inc. (b)		1,099		32,080
Veeco Instruments, Inc. (a)(b)		1,555		65,201

				2,522,600

SOFTWARE — 4.1%
Accelrys, Inc. (b)		2,574		32,072
ACI Worldwide, Inc. (a)(b)		1,597		94,526
Actuate Corp. (a)(b)		1,878		11,306
Advent Software, Inc. (a)		1,306		38,344
American Software, Inc. (Class A)		949		9,651
Aspen Technology, Inc. (b)		3,747		158,723
AVG Technologies NV (a)(b)		949		19,891
Barracuda Networks, Inc. (a)(b)		118		4,005
Blackbaud, Inc.		1,820		56,966
Bottomline Technologies, Inc. (a)(b)		1,500		52,725
BroadSoft, Inc. (a)(b)		1,119		29,911
Callidus Software, Inc. (b)		1,511		18,918
CommVault Systems, Inc. (a)(b)		1,861		120,872
Comverse, Inc. (b)		890		30,776
Covisint Corp. (a)(b)		229		1,679
Cyan, Inc. (a)(b)		323		1,379
Digimarc Corp.		247		7,756
Ebix, Inc. (a)		1,232		21,030
Ellie Mae, Inc. (a)(b)		1,042		30,051
EPIQ Systems, Inc.		1,252		17,065
ePlus, Inc. (a)(b)		152		8,476
Fair Isaac Corp. (a)		1,447		80,048
FleetMatics Group PLC (b)		651		21,776
Gigamon, Inc. (a)(b)		301		9,147
Glu Mobile, Inc. (a)(b)		2,530		11,992
Guidance Software, Inc. (a)(b)		665		7,355
Guidewire Software, Inc. (b)		1,950		95,648
Imperva, Inc. (b)		797		44,393
Infoblox, Inc. (b)		2,139		42,908
Interactive Intelligence Group (b)		622		45,095
Jive Software, Inc. (b)		1,574		12,608
Manhattan Associates, Inc. (b)		3,118		109,224
Mavenir Systems, Inc. (b)		124		2,220
Mentor Graphics Corp.		3,697		81,408
MicroStrategy, Inc. (b)		363		41,887
Mitek Systems, Inc. (a)(b)		975		3,773
Model N, Inc. (b)		323		3,266
Monotype Imaging Holdings, Inc.		1,517		45,722
Netscout Systems, Inc. (b)		1,442		54,190
Pegasystems, Inc.		698		24,653
Progress Software Corp. (b)		2,094		45,649
Proofpoint, Inc. (b)		875		32,445
PROS Holdings, Inc. (b)		893		28,138
PTC, Inc. (b)		4,743		168,045
QAD, Inc. (Class A)		228		4,658
QLIK Technologies, Inc. (b)		3,476		92,427
Quality Systems, Inc.		1,594		26,907
Qualys, Inc. (a)(b)		589		14,978
Rally Software Development Corp. (a)(b)		267		3,572
RealPage, Inc. (a)(b)		1,857		33,723
Rosetta Stone, Inc. (b)		456		5,116
Sapiens International Corp. NV (b)		692		5,612
SeaChange International, Inc. (b)		1,309		13,666
Silver Spring Networks, Inc. (a)(b)		227		3,945
SS&C Technologies Holdings, Inc. (b)		2,273		90,965
Synchronoss Technologies, Inc. (a)(b)		1,159		39,742
Take-Two Interactive Software, Inc. (b)		3,225		70,724
Tangoe, Inc. (b)		1,233		22,921
TeleCommunication Systems, Inc. (Class A) (a)(b)		1,896		4,361
TeleNav, Inc. (b)		703		4,190
TiVo, Inc. (a)(b)		5,042		66,706
Tyler Technologies, Inc. (a)(b)		1,234		103,261
Ultimate Software Group, Inc. (a)(b)		1,087		148,919
Varonis Systems, Inc. (b)		210		7,510

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Vasco Data Security International (a)(b)		1,157	$	8,724
Verint Systems, Inc. (b)		2,102		98,647
VirnetX Holding Corp. (a)(b)		1,686		23,908
Vringo, Inc. (a)(b)		2,673		9,275

				2,682,169

SPECIALTY RETAIL — 3.2%
Aeropostale, Inc. (a)(b)		3,127		15,698
America’s Car-Mart, Inc. (a)(b)		323		11,861
ANN, Inc. (b)		1,884		78,148
Asbury Automotive Group, Inc. (b)		1,240		68,584
Barnes & Noble, Inc. (a)(b)		1,613		33,712
bebe stores, inc.		1,385		8,476
Big 5 Sporting Goods Corp. (a)		667		10,705
Body Central Corp. (a)(b)		663		709
Brown Shoe Co., Inc.		1,727		45,835
Christopher & Banks Corp. (b)		1,441		9,525
Citi Trends, Inc. (b)		607		9,888
Conn’s, Inc. (a)(b)		896		34,810
Destination Maternity Corp. (a)		531		14,549
Destination XL Group, Inc. (a)(b)		1,669		9,413
Express, Inc. (b)		3,396		53,929
Five Below, Inc. (a)(b)		1,309		55,606
Francesca’s Holdings Corp. (b)		1,758		31,890
Genesco, Inc. (a)(b)		972		72,482
Group 1 Automotive, Inc. (a)		872		57,256
Haverty Furniture Cos., Inc.		791		23,493
hhgregg, Inc. (a)(b)		519		4,988
Hibbett Sports, Inc. (a)(b)		1,042		55,101
Jos. A. Bank Clothiers, Inc. (b)		1,296		83,333
Kirkland’s, Inc. (a)(b)		551		10,188
Lithia Motors, Inc. (Class A)		890		59,149
Lumber Liquidators Holdings, Inc. (a)(b)		1,104		103,555
MarineMax, Inc. (a)(b)		926		14,066
Mattress Firm Holding Corp. (a)(b)		532		25,446
Monro Muffler Brake, Inc.		1,256		71,441
New York & Co., Inc. (a)(b)		1,139		5,000
Office Depot, Inc. (a)(b)		18,753		77,450
Outerwall, Inc. (b)		808		58,580
Pacific Sunwear of California, Inc. (a)(b)		1,843		5,474
Penske Automotive Group, Inc.		1,686		72,093
Pep Boys-Manny, Moe & Jack (a)(b)		2,123		27,005
Pier 1 Imports, Inc.		3,773		71,234
RadioShack Corp. (a)(b)		3,968		8,412
Rent-A-Center, Inc. (a)		2,126		56,552
Restoration Hardware Holdings, Inc. (a)(b)		706		51,955
Sears Hometown and Outlet Stores, Inc. (b)		342		8,088
Select Comfort Corp. (a)(b)		2,221		40,156
Shoe Carnival, Inc. (a)		601		13,847
Sonic Automotive, Inc. (Class A) (a)		1,556		34,979
Stage Stores, Inc. (a)		1,309		32,005
Stein Mart, Inc.		1,100		15,411
Systemax, Inc. (b)		437		6,516
The Buckle, Inc. (a)		1,119		51,250
The Cato Corp. (Class A) (a)		1,100		29,744
The Children’s Place Retail Stores, Inc. (a)		926		46,124
The Container Store Group, Inc. (a)(b)		560		19,012
The Finish Line, Inc. (Class A)		1,954		52,934
The Men’s Wearhouse, Inc.		1,895		92,817
The Wet Seal, Inc. (Class A) (a)(b)		3,545		4,679
Tile Shop Holdings, Inc. (a)(b)		739		11,418
Tilly’s, Inc. (Class A) (a)(b)		397		4,645
Trans World Entertainment Corp. (a)		418		1,517
Vitamin Shoppe, Inc. (a)(b)		1,214		57,689
West Marine, Inc. (a)(b)		682		7,754
Winmark Corp.		97		7,339
Zale Corp. (b)		1,289		26,953
Zumiez, Inc. (a)(b)		835		20,240

				2,092,708

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.4%
Avid Technology, Inc. (b)		132		805
Cray, Inc. (b)		1,574		58,742
Electronics for Imaging, Inc. (b)		1,853		80,253
Fusion-io, Inc. (a)(b)		3,353		35,274
Hutchinson Technology, Inc. (b)		929		2,629
Imation Corp. (a)(b)		1,346		7,766
Immersion Corp. (a)(b)		1,118		11,795
QLogic Corp. (b)		3,545		45,199
Quantum Corp. (a)(b)		8,457		10,318
Silicon Graphics International Corp. (a)(b)		1,347		16,541
Super Micro Computer, Inc. (b)		1,271		22,077
Violin Memory, Inc. (a)(b)		478		1,912

				293,311

TEXTILES, APPAREL & LUXURY GOODS — 1.4%
American Apparel, Inc. (a)(b)		2,313		1,159
Columbia Sportswear Co.		513		42,400
Crocs, Inc. (b)		3,508		54,725
Culp, Inc. (a)		323		6,376
G-III Apparel Group, Ltd. (b)		665		47,601
Iconix Brand Group, Inc. (a)(b)		1,925		75,595
Kate Spade & Co. (b)		4,757		176,437
Movado Group, Inc.		703		32,022
Oxford Industries, Inc. (a)		532		41,602
Perry Ellis International, Inc. (a)(b)		494		6,788
Quiksilver, Inc. (a)(b)		5,285		39,690
RG Barry Corp.		399		7,533
Skechers U.S.A., Inc. (b)		1,536		56,125
Steven Madden, Ltd. (b)		2,340		84,193
The Jones Group, Inc. (a)		3,187		47,709
Tumi Holdings, Inc. (a)(b)		1,910		43,223
Unifi, Inc. (b)		588		13,565
Vera Bradley, Inc. (b)		854		23,050
Vince Holding Corp. (a)(b)		448		11,809
Wolverine World Wide, Inc. (a)		4,009		114,457

				926,059

THRIFTS & MORTGAGE FINANCE — 1.7%
Astoria Financial Corp.		3,525		48,715
Banc of California, Inc. (a)		659		8,086
Bank Mutual Corp. (a)		1,853		11,748
BankFinancial Corp. (a)		838		8,363
BBX Capital Corp. (Class A) (b)		285		5,543
Beneficial Mutual Bancorp, Inc. (a)(b)		1,273		16,791

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Berkshire Hills Bancorp, Inc.		1,005	$	26,009
BofI Holding, Inc. (b)		480		41,160
Brookline Bancorp, Inc.		2,788		26,263
Capitol Federal Financial, Inc.		5,935		74,484
Charter Financial Corp. (a)		910		9,837
Clifton Savings Bancorp, Inc. (a)		342		4,008
Dime Community Bancshares (a)		1,271		21,582
Doral Financial Corp. (a)(b)		266		2,309
ESB Financial Corp. (a)		513		6,705
ESSA Bancorp, Inc. (a)		364		3,957
Essent Group, Ltd. (a)(b)		899		20,192
EverBank Financial Corp. (a)		3,206		63,254
Federal Agricultural Mortgage Corp. (Class C)		416		13,832
First Defiance Financial Corp.		394		10,685
First Federal Bancshares of Arkansas, Inc. (a)(b)		114		1,045
First Financial Northwest, Inc. (a)		612		6,212
Flagstar Bancorp, Inc. (b)		796		17,687
Fox Chase Bancorp, Inc. (a)		492		8,290
Franklin Financial Corp. (a)(b)		435		8,509
Hingham Institution for Savings (a)		57		4,474
Home Bancorp, Inc. (a)(b)		264		5,541
Home Loan Servicing Solutions, Ltd. (a)		2,830		61,128
HomeStreet, Inc. (a)		513		10,029
Kearny Financial Corp. (a)(b)		570		8,425
Ladder Capital Corp. (Class A) (b)		604		11,404
Meridian Interstate Bancorp, Inc. (a)(b)		335		8,566
Meta Financial Group, Inc. (a)		242		10,854
MGIC Investment Corp. (a)(b)		12,698		108,187
NASB Financial, Inc.		171		4,309
Northfield Bancorp, Inc.		2,313		29,745
Northwest Bancshares, Inc.		3,735		54,531
OceanFirst Financial Corp. (a)		551		9,747
Oritani Financial Corp.		1,802		28,490
PennyMac Financial Services, Inc. (Class A) (a)(b)		511		8,503
Provident Financial Holdings, Inc. (a)		364		5,613
Provident Financial Services, Inc. (a)		2,372		43,574
Radian Group, Inc.		6,743		101,347
Rockville Financial, Inc.		1,091		14,827
Stonegate Mortgage Corp. (a)(b)		234		3,477
Territorial Bancorp, Inc. (a)		421		9,094
Tree.com, Inc. (b)		246		7,636
TrustCo Bank Corp. NY (a)		3,754		26,428
United Community Financial Corp. (a)(b)		1,931		7,570
United Financial Bancorp, Inc.		778		14,307
Walker & Dunlop, Inc. (a)(b)		662		10,824
Waterstone Financial, Inc. (b)		311		3,231
Westfield Financial, Inc.		726		5,409
WSFS Financial Corp.		335		23,929

				1,106,465

TOBACCO — 0.2%
Alliance One International, Inc. (a)(b)		3,489		10,188
Universal Corp. (a)		929		51,922
Vector Group, Ltd. (a)		2,524		54,367

				116,477

TRADING COMPANIES & DISTRIBUTORS — 1.0%
Aceto Corp. (a)		1,095		21,999
Aircastle, Ltd.		2,730		52,907
Applied Industrial Technologies, Inc.		1,687		81,381
Beacon Roofing Supply, Inc. (a)(b)		1,897		73,338
BlueLinx Holdings, Inc. (a)(b)		1,347		1,751
CAI International, Inc. (a)(b)		684		16,874
DXP Enterprises, Inc. (b)		382		36,263
H&E Equipment Services, Inc. (b)		1,175		47,529
Houston Wire & Cable Co. (a)		720		9,454
Kaman Corp. (a)		1,081		43,975
Rush Enterprises, Inc. (Class A) (a)(b)		1,385		44,985
Stock Building Supply Holdings, Inc. (a)(b)		341		6,929
TAL International Group, Inc. (a)(b)		1,347		57,746
Textainer Group Holdings, Ltd. (a)		853		32,644
Titan Machinery, Inc. (a)(b)		684		10,718
Watsco, Inc.		1,027		102,608

				641,101

TRANSPORTATION INFRASTRUCTURE — 0.1%
Wesco Aircraft Holdings, Inc. (b)		1,644		36,185

WATER UTILITIES — 0.3%
American States Water Co.		1,537		49,630
Artesian Resources Corp. (Class A) (a)		304		6,828
California Water Service Group		1,897		45,414
Connecticut Water Service, Inc.		435		14,864
Consolidated Water Co., Ltd. (a)		587		7,737
Middlesex Water Co.		627		13,681
Pure Cycle Corp. (a)(b)		684		4,138
SJW Corp. (a)		620		18,327
York Water Co. (a)		513		10,465

				171,084

WIRELESS TELECOMMUNICATION SERVICES — 0.1%
Boingo Wireless, Inc. (b)		739		5,010
Leap Wireless International, Inc. (a)(b)(e)		2,486		6,265
NII Holdings, Inc. (a)(b)		6,848		8,149
NTELOS Holdings Corp. (a)		608		8,208
RingCentral, Inc. (Class A) (b)		236		4,272
Shenandoah Telecommunications Co. (a)		949		30,643
USA Mobility, Inc.		854		15,517

				78,064

TOTAL COMMON STOCKS —
(Cost $63,924,794)				66,169,111

RIGHTS — 0.0% (c)
BIOTECHNOLOGY — 0.0% (c)
Cubist Pharmaceuticals, Inc. (expiring 12/31/16) (b)		406		264

INTERNET SOFTWARE & SERVICES — 0.0% (c)
Unwired Planet, Inc. (expired 9/9/13) (b)		380		14

TOTAL RIGHTS —
(Cost $902)				278

SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

WARRANTS — 0.0% (c)
OIL, GAS & CONSUMABLE FUELS — 0.0% (c)
Magnum Hunter Resources (expiring 4/15/16) (b)(d) (Cost $0)		71	$	0

SHORT TERM INVESTMENTS — 24.4%
MONEY MARKET FUNDS — 24.4%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		16,033,071		16,033,071
State Street Institutional Liquid Reserves Fund 0.08% (g)(h)		169,933		169,933

TOTAL SHORT TERM INVESTMENTS —
(Cost $16,203,004)				16,203,004

TOTAL INVESTMENTS — 124.3% (i)
(Cost $80,128,700)				82,372,393
OTHER ASSETS & LIABILITIES — (24.3)%				(16,124,695	)

NET ASSETS — 100.0%			$	66,247,698


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Amount shown represents less than 0.05% of net assets.
(d)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs (See accompanying Notes to Schedules of Investments).
(e)		Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(f)		Investments of cash collateral for securities loaned
(g)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(h)		The rate shown is the annualized seven-day yield at period end.
(i)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
AEROSPACE & DEFENSE — 3.6%
General Dynamics Corp.		6,039	$	657,768
Honeywell International, Inc.		20,919		1,940,446
Lockheed Martin Corp.		6,612		1,079,343
Northrop Grumman Corp.		3,836		473,286
Precision Castparts Corp.		5,901		1,491,537
Raytheon Co.		6,460		638,183
Rockwell Collins, Inc.		3,005		239,408
Textron, Inc.		11,280		443,191
The Boeing Co.		27,488		3,449,469
United Technologies Corp.		19,052		2,226,036

				12,638,667

AIR FREIGHT & LOGISTICS — 1.1%
Expeditors International of Washington, Inc.		3,913		155,072
FedEx Corp.		5,797		768,451
United Parcel Service, Inc. (Class B)		28,806		2,805,128

				3,728,651

AIRLINES — 0.5%
Delta Air Lines, Inc.		34,489		1,195,044
Southwest Airlines Co.		28,536		673,735

				1,868,779

AUTO COMPONENTS — 0.7%
BorgWarner, Inc.		9,310		572,286
Delphi Automotive PLC		5,011		340,046
Johnson Controls, Inc.		26,594		1,258,428
The Goodyear Tire & Rubber Co.		9,861		257,668

				2,428,428

AUTOMOBILES — 0.2%
Harley-Davidson, Inc.		8,885		591,830

BANKS — 1.9%
Citigroup, Inc.		56,276		2,678,737
Comerica, Inc.		7,373		381,921
Fifth Third Bancorp		33,887		777,707
Huntington Bancshares, Inc.		33,478		333,776
KeyCorp		36,115		514,278
Regions Financial Corp.		27,426		304,703
U.S. Bancorp		39,000		1,671,540
Zions Bancorporation (a)		3,658		113,325

				6,775,987

BEVERAGES — 2.5%
Brown-Forman Corp. (Class B)		3,792		340,104
Coca-Cola Enterprises, Inc.		9,666		461,648
Constellation Brands, Inc. (Class A) (b)		6,695		568,874
Dr. Pepper Snapple Group, Inc.		3,813		207,656
Monster Beverage Corp. (b)		5,531		384,128
PepsiCo, Inc.		35,870		2,995,145
The Coca-Cola Co.		101,110		3,908,913

				8,866,468

BIOTECHNOLOGY — 4.6%
Alexion Pharmaceuticals, Inc. (b)		7,866		1,196,655
Amgen, Inc.		30,413		3,751,139
Biogen Idec, Inc. (b)		9,547		2,920,141
Celgene Corp. (b)		16,293		2,274,503
Gilead Sciences, Inc. (b)		61,892		4,385,667
Regeneron Pharmaceuticals, Inc. (b)		3,201		961,196
Vertex Pharmaceuticals, Inc. (b)		9,419		666,112

				16,155,413

BUILDING PRODUCTS — 0.1%
Allegion PLC		1,440		75,125
Masco Corp.		9,160		203,443

				278,568

CAPITAL MARKETS — 2.0%
Ameriprise Financial, Inc.		7,889		868,342
BlackRock, Inc.		5,137		1,615,484
E*TRADE Financial Corp. (b)		6,902		158,884
Franklin Resources, Inc.		16,420		889,636
Invesco, Ltd.		17,803		658,711
State Street Corp. (c)		9,526		662,533
T. Rowe Price Group, Inc.		10,497		864,428
The Charles Schwab Corp.		46,755		1,277,814

				6,995,832

CHEMICALS — 3.1%
Air Products & Chemicals, Inc.		4,820		573,773
Airgas, Inc.		1,698		180,854
CF Industries Holdings, Inc.		1,337		348,476
E. I. du Pont de Nemours & Co.		21,317		1,430,371
Eastman Chemical Co.		6,235		537,519
Ecolab, Inc.		10,962		1,183,786
FMC Corp.		5,328		407,912
International Flavors & Fragrances, Inc.		1,922		183,878
LyondellBasell Industries NV		17,626		1,567,657
Monsanto Co.		21,255		2,418,181
Praxair, Inc.		7,022		919,671
Sigma-Aldrich Corp.		2,781		259,690
The Sherwin-Williams Co.		3,480		686,012

				10,697,780

COMMERCIAL SERVICES & SUPPLIES — 0.5%
Cintas Corp. (a)		4,066		242,374
Iron Mountain, Inc.		3,312		91,312
Pitney Bowes, Inc. (a)		8,107		210,701
Stericycle, Inc. (b)		3,459		393,012
Tyco International, Ltd.		9,961		422,346
Waste Management, Inc.		9,640		405,555

				1,765,300

COMMUNICATIONS EQUIPMENT — 1.7%
F5 Networks, Inc. (b)		2,004		213,686
Harris Corp.		2,017		147,564
Motorola Solutions, Inc.		3,722		239,287
QUALCOMM, Inc.		68,187		5,377,227

				5,977,764

CONSTRUCTION & ENGINEERING — 0.0% (d)
Quanta Services, Inc. (b)		3,136		115,718

CONSTRUCTION MATERIALS — 0.0% (d)
Vulcan Materials Co.		2,248		149,380

CONSUMER FINANCE — 1.4%
American Express Co.		36,735		3,307,252
Discover Financial Services		19,345		1,125,685
SLM Corp.		17,612		431,142

				4,864,079

CONTAINERS & PACKAGING — 0.2%
Ball Corp.		2,755		151,001

SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Owens-Illinois, Inc. (b)		3,836	$	129,772
Sealed Air Corp.		7,870		258,687

				539,460

DISTRIBUTORS — 0.1%
Genuine Parts Co.		2,738		237,795

DIVERSIFIED CONSUMER SERVICES — 0.1%
Graham Holdings Co. (Class B)		175		123,156
H&R Block, Inc.		7,210		217,670

				340,826

DIVERSIFIED FINANCIAL SERVICES — 0.5%
IntercontinentalExchange Group, Inc.		4,636		917,140
Leucadia National Corp.		5,804		162,512
Moody’s Corp.		7,594		602,356

				1,682,008

DIVERSIFIED TELECOMMUNICATION SERVICES — 1.2%
Verizon Communications, Inc.		86,501		4,114,853

ELECTRICAL EQUIPMENT — 0.9%
AMETEK, Inc.		9,854		507,383
Eaton Corp. PLC		8,240		618,989
Emerson Electric Co.		17,548		1,172,206
Rockwell Automation, Inc.		5,580		694,989
Roper Industries, Inc.		2,342		312,680

				3,306,247

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.4%
Amphenol Corp. (Class A)		6,416		588,027
FLIR Systems, Inc.		3,729		134,244
TE Connectivity, Ltd.		9,701		584,097

				1,306,368

ENERGY EQUIPMENT & SERVICES — 2.5%
FMC Technologies, Inc. (b)		9,545		499,108
Halliburton Co.		34,195		2,013,744
Helmerich & Payne, Inc. (a)		4,273		459,604
National Oilwell Varco, Inc.		8,435		656,833
Schlumberger, Ltd.		52,649		5,133,277

				8,762,566

FOOD & STAPLES RETAILING — 0.5%
Safeway, Inc.		9,037		333,827
Walgreen Co.		16,530		1,091,476
Whole Foods Market, Inc.		9,271		470,132

				1,895,435

FOOD PRODUCTS — 1.4%
Campbell Soup Co. (a)		3,410		153,041
General Mills, Inc.		14,027		726,879
Hormel Foods Corp.		3,294		162,295
Kellogg Co.		5,410		339,261
Keurig Green Mountain, Inc.		5,200		549,068
Kraft Foods Group, Inc.		23,981		1,345,334
McCormick & Co., Inc.		2,793		200,370
Mead Johnson Nutrition Co.		8,158		678,256
The Hershey Co.		6,036		630,159
The J.M. Smucker Co.		1,941		188,743

				4,973,406

HEALTH CARE EQUIPMENT & SUPPLIES — 2.4%
Baxter International, Inc.		11,098		816,591
Becton, Dickinson and Co.		7,801		913,341
Boston Scientific Corp. (b)		53,795		727,308
C.R. Bard, Inc.		3,099		458,590
CareFusion Corp. (b)		3,508		141,092
Covidien PLC		8,928		657,636
DENTSPLY International, Inc.		3,209		147,742
Edwards Lifesciences Corp. (a)(b)		2,408		178,601
Intuitive Surgical, Inc. (b)		950		416,091
Medtronic, Inc.		22,894		1,408,897
St. Jude Medical, Inc.		11,722		766,502
Stryker Corp.		11,910		970,308
Varian Medical Systems, Inc. (b)		2,689		225,849
Zimmer Holdings, Inc.		4,555		430,812

				8,259,360

HEALTH CARE PROVIDERS & SERVICES — 0.7%
AmerisourceBergen Corp.		4,271		280,135
CIGNA Corp.		11,166		934,929
DaVita HealthCare Partners, Inc. (b)		4,419		304,248
Laboratory Corp. of America Holdings (a)(b)		1,861		182,769
McKesson Corp.		4,050		715,108
Tenet Healthcare Corp. (b)		1,533		65,628

				2,482,817

HEALTH CARE TECHNOLOGY — 0.2%
Cerner Corp. (a)(b)		11,878		668,137

HOTELS, RESTAURANTS & LEISURE — 2.3%
Chipotle Mexican Grill, Inc. (b)		1,246		707,790
International Game Technology		6,467		90,926
Marriott International, Inc. (Class A) (a)		5,276		295,562
McDonald’s Corp.		22,853		2,240,280
Starbucks Corp.		30,371		2,228,624
Starwood Hotels & Resorts Worldwide, Inc.		7,673		610,771
Wyndham Worldwide Corp.		5,397		395,222
Wynn Resorts, Ltd.		3,230		717,544
Yum! Brands, Inc.		10,774		812,252

				8,098,971

HOUSEHOLD DURABLES — 0.3%
Garmin, Ltd. (a)		2,082		115,051
Harman International Industries, Inc.		2,738		291,323
Lennar Corp. (Class A) (a)		3,036		120,286
Mohawk Industries, Inc. (b)		2,410		327,712
Newell Rubbermaid, Inc.		5,975		178,653

				1,033,025

HOUSEHOLD PRODUCTS — 2.1%
Colgate-Palmolive Co.		21,630		1,403,138
Kimberly-Clark Corp.		9,103		1,003,606
The Clorox Co. (a)		2,987		262,886
The Procter & Gamble Co.		55,982		4,512,149

				7,181,779

INDUSTRIAL CONGLOMERATES — 1.5%
3M Co.		25,343		3,438,031
Danaher Corp.		24,184		1,813,800

				5,251,831

INSURANCE — 1.2%
Aon PLC		12,105		1,020,209
Lincoln National Corp.		4,713		238,808

SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Marsh & McLennan Cos., Inc.		14,593	$	719,435
Principal Financial Group, Inc.		5,804		266,926
Prudential Financial, Inc.		18,673		1,580,669
Torchmark Corp. (a)		3,615		284,501

				4,110,548

INTERNET & CATALOG RETAIL — 2.6%
Amazon.com, Inc. (b)		14,918		5,020,205
Expedia, Inc.		2,523		182,918
Netflix, Inc. (a)(b)		2,353		828,327
Priceline.com, Inc. (b)		2,074		2,471,980
TripAdvisor, Inc. (a)(b)		4,480		405,843

				8,909,273

INTERNET SOFTWARE & SERVICES — 5.9%
Akamai Technologies, Inc. (b)		7,217		420,101
eBay, Inc. (b)		31,507		1,740,447
Facebook, Inc. (Class A) (b)		68,749		4,141,440
Google, Inc. (Class A) (b)		11,425		12,733,277
VeriSign, Inc. (a)(b)		5,146		277,421
Yahoo!, Inc. (b)		38,326		1,375,903

				20,688,589

IT SERVICES — 5.0%
Accenture PLC (Class A)		14,362		1,144,939
Alliance Data Systems Corp. (a)(b)		2,068		563,427
Automatic Data Processing, Inc.		19,412		1,499,771
Cognizant Technology Solutions Corp. (Class A) (b)		24,364		1,233,062
Fidelity National Information Services, Inc.		11,739		627,449
Fiserv, Inc. (b)		10,517		596,209
International Business Machines Corp.		17,680		3,403,223
Mastercard, Inc. (Class A)		41,051		3,066,510
Paychex, Inc.		8,761		373,219
Teradata Corp. (a)(b)		3,303		162,474
The Western Union Co. (a)		13,918		227,698
Total System Services, Inc.		6,693		203,534
Visa, Inc. (Class A)		20,379		4,399,011

				17,500,526

LEISURE PRODUCTS — 0.1%
Hasbro, Inc. (a)		2,624		145,947
Mattel, Inc.		8,039		322,444

				468,391

LIFE SCIENCES TOOLS & SERVICES — 0.8%
Agilent Technologies, Inc.		9,085		508,033
PerkinElmer, Inc. (a)		2,360		106,342
Thermo Fisher Scientific, Inc.		15,697		1,887,407
Waters Corp. (b)		2,145		232,540

				2,734,322

MACHINERY — 1.4%
Cummins, Inc.		4,661		694,442
Dover Corp.		4,792		391,746
Flowserve Corp.		5,620		440,271
Illinois Tool Works, Inc.		8,508		691,956
Ingersoll-Rand PLC		6,070		347,447
PACCAR, Inc.		14,255		961,357
Pall Corp.		2,978		266,442
Parker Hannifin Corp.		3,508		419,943
Pentair, Ltd.		4,889		387,893
Snap-On, Inc.		1,321		149,907
Xylem, Inc.		4,429		161,304

				4,912,708

MATERIALS — 0.3%
PPG Industries, Inc.		5,684		1,099,627

MEDIA — 5.8%
CBS Corp.		22,452		1,387,534
Comcast Corp. (Class A)		105,059		5,255,051
DIRECTV (Class A) (b)		19,007		1,452,515
Discovery Communications, Inc. (Series A) (a)(b)		9,071		750,172
McGraw Hill Financial, Inc.		6,423		490,075
News Corp. (Class A) (b)		19,961		343,728
Omnicom Group, Inc.		10,325		749,595
Scripps Networks Interactive, Inc. (Class A)		4,439		336,965
The Interpublic Group of Cos., Inc.		16,686		285,998
The Walt Disney Co.		44,175		3,537,092
Time Warner Cable, Inc.		11,067		1,518,171
Time Warner, Inc.		20,074		1,311,434
Twenty-First Century Fox, Inc.		43,550		1,392,294
Viacom, Inc. (Class B)		15,993		1,359,245

				20,169,869

MULTI-UTILITIES — 0.2%
Dominion Resources, Inc.		11,715		831,648

MULTILINE RETAIL — 0.3%
Dollar General Corp. (b)		5,430		301,256
Dollar Tree, Inc. (b)		8,365		436,486
Nordstrom, Inc. (a)		3,086		192,721

				930,463

OIL, GAS & CONSUMABLE FUELS — 3.2%
Anadarko Petroleum Corp.		10,793		914,815
Cabot Oil & Gas Corp.		16,990		575,621
Chesapeake Energy Corp. (a)		9,968		255,380
EOG Resources, Inc.		10,977		2,153,358
EQT Corp.		6,044		586,087
Kinder Morgan, Inc.		27,152		882,169
Marathon Petroleum Corp.		5,364		466,883
Newfield Exploration Co. (b)		3,187		99,944
Noble Energy, Inc.		14,484		1,028,943
Occidental Petroleum Corp.		14,795		1,409,816
Pioneer Natural Resources Co.		5,739		1,073,996
Range Resources Corp. (a)		6,535		542,209
Southwestern Energy Co. (b)		8,055		370,611
Spectra Energy Corp.		12,699		469,101
The Williams Cos., Inc.		12,368		501,893

				11,330,826

PERSONAL PRODUCTS — 0.2%
Avon Products, Inc.		7,123		104,281
The Estee Lauder Cos., Inc. (Class A)		10,324		690,469

				794,750

PHARMACEUTICALS — 7.1%
AbbVie, Inc.		64,197		3,299,726
Actavis PLC (b)		7,020		1,445,067
Allergan, Inc.		11,959		1,484,112
Bristol-Myers Squibb Co.		43,156		2,241,954
Forest Laboratories, Inc. (b)		4,934		455,260
Hospira, Inc. (b)		3,066		132,605
Johnson & Johnson		67,130		6,594,180

SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Merck & Co., Inc.		55,441	$	3,147,386
Mylan, Inc. (b)		15,006		732,743
Perrigo Co. PLC		5,402		835,473
Pfizer, Inc.		125,829		4,041,627
Zoetis, Inc.		13,276		384,207

				24,794,340

PROFESSIONAL SERVICES — 0.3%
Dun & Bradstreet Corp.		1,566		155,582
Equifax, Inc.		4,862		330,762
Nielsen Holdings NV		5,629		251,222
Robert Half International, Inc.		5,564		233,410

				970,976

REAL ESTATE INVESTMENT TRUSTS — 2.3%
American Tower Corp.		15,948		1,305,663
Apartment Investment & Management Co. (Class A)		3,146		95,072
AvalonBay Communities, Inc.		2,032		266,842
Boston Properties, Inc.		3,034		347,484
Crown Castle International Corp.		13,422		990,275
Equity Residential		6,178		358,262
General Growth Properties, Inc.		9,205		202,510
Health Care REIT, Inc.		8,025		478,290
Host Hotels & Resorts, Inc.		19,717		399,072
Kimco Realty Corp.		7,407		162,065
Plum Creek Timber Co., Inc.		4,064		170,851
ProLogis		11,829		482,978
Public Storage		3,311		557,870
Simon Property Group, Inc.		7,250		1,189,000
The Macerich Co.		5,670		353,411
Ventas, Inc.		5,814		352,154
Vornado Realty Trust		3,708		365,461

				8,077,260

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1%
CBRE Group, Inc. (b)		7,590		208,194

ROAD & RAIL — 1.7%
CSX Corp.		26,168		758,087
Kansas City Southern		4,389		447,941
Norfolk Southern Corp.		12,478		1,212,487
Union Pacific Corp.		18,269		3,428,361

				5,846,876

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.6%
Altera Corp.		5,300		192,072
Analog Devices, Inc.		5,880		312,463
Applied Materials, Inc.		27,170		554,811
First Solar, Inc. (a)(b)		2,845		198,553
KLA-Tencor Corp. (a)		6,702		463,376
Lam Research Corp. (b)		3,299		181,445
Linear Technology Corp.		5,374		261,660
LSI Corp.		14,817		164,024
Microchip Technology, Inc. (a)		7,998		381,985
Micron Technology, Inc. (b)		42,349		1,001,977
NVIDIA Corp.		11,073		198,318
Texas Instruments, Inc.		26,497		1,249,334
Xilinx, Inc.		5,941		322,418

				5,482,436

SOFTWARE — 6.0%
Adobe Systems, Inc. (b)		18,842		1,238,673
Autodesk, Inc. (b)		9,065		445,817
CA, Inc.		8,649		267,860
Citrix Systems, Inc. (b)		4,602		264,293
Electronic Arts, Inc. (b)		12,378		359,086
Intuit, Inc.		11,439		889,153
Microsoft Corp.		304,310		12,473,667
Oracle Corp.		75,125		3,073,364
Red Hat, Inc. (b)		7,788		412,608
Salesforce.com, Inc. (a)(b)		22,355		1,276,247
Symantec Corp.		15,087		301,287

				21,002,055

SPECIALTY RETAIL — 3.0%
AutoZone, Inc. (b)		1,358		729,382
Bed Bath & Beyond, Inc. (a)(b)		8,685		597,528
Best Buy Co., Inc. (a)		5,369		141,795
CarMax, Inc. (a)(b)		4,996		233,813
GameStop Corp. (Class A) (a)		2,189		89,968
L Brands, Inc.		6,292		357,197
Lowe’s Cos., Inc.		25,324		1,238,343
O’Reilly Automotive, Inc. (b)		4,372		648,761
PetSmart, Inc. (a)		2,094		144,256
Ross Stores, Inc.		8,732		624,775
The Gap, Inc.		6,977		279,499
The Home Depot, Inc.		36,915		2,921,084
Tiffany & Co.		4,464		384,574
TJX Cos., Inc.		28,676		1,739,199
Tractor Supply Co.		5,610		396,234
Urban Outfitters, Inc. (b)		2,597		94,712

				10,621,120

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 6.3%
Apple, Inc.		35,974		19,308,685
NetApp, Inc.		9,288		342,727
SanDisk Corp.		9,091		738,098
Seagate Technology PLC (a)		13,097		735,527
Western Digital Corp.		8,435		774,502

				21,899,539

TEXTILES, APPAREL & LUXURY GOODS — 1.4%
Coach, Inc. (a)		6,778		336,596
Fossil Group, Inc. (b)		1,981		231,004
Michael Kors Holdings, Ltd. (b)		7,268		677,886
NIKE, Inc. (Class B)		30,165		2,227,987
PVH Corp.		2,106		262,766
Ralph Lauren Corp.		1,422		228,842
V.F. Corp.		14,192		878,201

				4,843,282

THRIFTS & MORTGAGE FINANCE — 0.0% (d)
People’s United Financial, Inc. (a)		6,353		94,469

TOBACCO — 1.6%
Altria Group, Inc.		42,789		1,601,592
Lorillard, Inc. (a)		14,570		787,946
Philip Morris International, Inc.		35,650		2,918,665
Reynolds American, Inc.		6,249		333,822

				5,642,025

TRADING COMPANIES & DISTRIBUTORS — 0.3%
Fastenal Co. (a)		10,973		541,188

SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

W.W. Grainger, Inc. (a)		2,485	$	627,860

				1,169,048

TOTAL COMMON STOCKS —
(Cost $247,999,307)				349,166,688

SHORT TERM INVESTMENTS — 2.9%
MONEY MARKET FUNDS — 2.9%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		9,908,158		9,908,158
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		170,140		170,140

TOTAL SHORT TERM INVESTMENTS —
(Cost $10,078,298)				10,078,298

TOTAL INVESTMENTS — 102.8% (h)
(Cost $258,077,605)				359,244,986
OTHER ASSETS & LIABILITIES — (2.8)%				(9,645,466	)

NET ASSETS — 100.0%			$	349,599,520


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(d)		Amount shown represents less than 0.05% of net assets.
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
AEROSPACE & DEFENSE — 1.9%
General Dynamics Corp.		3,909	$	425,768
Honeywell International, Inc.		5,775		535,689
L-3 Communications Holdings, Inc.		1,891		223,422
Lockheed Martin Corp.		2,301		375,615
Northrop Grumman Corp.		2,763		340,899
Raytheon Co.		3,416		337,467
Rockwell Collins, Inc.		1,340		106,758
United Technologies Corp.		7,946		928,410

				3,274,028

AIR FREIGHT & LOGISTICS — 0.4%
C.H. Robinson Worldwide, Inc. (a)		3,275		171,577
Expeditors International of Washington, Inc.		2,365		93,725
FedEx Corp.		3,328		441,160

				706,462

AUTO COMPONENTS — 0.1%
Delphi Automotive PLC		3,290		223,259

AUTOMOBILES — 1.3%
Ford Motor Co.		84,753		1,322,147
General Motors Co.		28,257		972,606

				2,294,753

BANKS — 11.0%
Bank of America Corp.		228,493		3,930,080
BB&T Corp.		15,412		619,100
Citigroup, Inc.		35,186		1,674,854
JPMorgan Chase & Co.		81,865		4,970,024
M&T Bank Corp. (a)		2,805		340,246
PNC Financial Services Group, Inc.		11,588		1,008,156
Regions Financial Corp.		15,545		172,705
SunTrust Banks, Inc.		11,565		460,171
U.S. Bancorp		18,399		788,581
Wells Fargo & Co.		103,573		5,151,721
Zions Bancorporation (a)		1,954		60,535

				19,176,173

BEVERAGES — 1.7%
Beam, Inc.		3,447		287,135
Brown-Forman Corp. (Class B) (a)		1,439		129,064
Dr. Pepper Snapple Group, Inc.		2,263		123,243
Molson Coors Brewing Co. (Class B)		3,328		195,886
PepsiCo, Inc.		13,880		1,158,980
The Coca-Cola Co.		27,750		1,072,815

				2,967,123

BUILDING PRODUCTS — 0.1%
Allegion PLC		1,242		64,795
Masco Corp.		2,775		61,633

				126,428

CAPITAL MARKETS — 2.4%
E*TRADE Financial Corp. (b)		2,494		57,412
Legg Mason, Inc. (a)		2,386		117,010
Morgan Stanley		30,331		945,417
Northern Trust Corp.		4,938		323,735
State Street Corp. (c)		4,366		303,655
The Bank of New York Mellon Corp.		24,729		872,686
The Goldman Sachs Group, Inc.		9,096		1,490,380

				4,110,295

CHEMICALS — 1.8%
Air Products & Chemicals, Inc.		1,930		229,747
Airgas, Inc.		557		59,326
CF Industries Holdings, Inc.		514		133,969
E. I. du Pont de Nemours & Co.		8,540		573,034
International Flavors & Fragrances, Inc.		698		66,778
Praxair, Inc.		2,568		336,331
Sigma-Aldrich Corp.		1,051		98,142
The Dow Chemical Co.		26,228		1,274,419
The Mosaic Co.		7,299		364,950

				3,136,696

COMMERCIAL SERVICES & SUPPLIES — 0.5%
Avery Dennison Corp.		2,227		112,842
Iron Mountain, Inc.		2,198		60,599
Republic Services, Inc.		5,916		202,090
The ADT Corp. (a)		3,847		115,218
Tyco International, Ltd.		4,720		200,128
Waste Management, Inc.		4,196		176,526

				867,403

COMMUNICATIONS EQUIPMENT — 1.8%
Cisco Systems, Inc.		111,395		2,496,362
F5 Networks, Inc. (a)(b)		615		65,577
Harris Corp.		1,114		81,500
Juniper Networks, Inc. (b)		11,068		285,112
Motorola Solutions, Inc.		3,019		194,092

				3,122,643

CONSTRUCTION & ENGINEERING — 0.3%
Fluor Corp.		3,529		274,309
Jacobs Engineering Group, Inc. (b)		2,929		185,992
Quanta Services, Inc. (b)		2,877		106,161

				566,462

CONSTRUCTION MATERIALS — 0.1%
Vulcan Materials Co. (a)		1,610		106,985

CONSUMER FINANCE — 0.5%
Capital One Financial Corp.		12,356		953,389

CONTAINERS & PACKAGING — 0.2%
Ball Corp.		1,646		90,217
Bemis Co., Inc.		2,170		85,151
MeadWestvaco Corp.		3,750		141,150
Owens-Illinois, Inc. (b)		1,439		48,681

				365,199

DISTRIBUTORS — 0.1%
Genuine Parts Co.		1,889		164,060

DIVERSIFIED CONSUMER SERVICES — 0.0% (d)
H&R Block, Inc.		1,977		59,686

DIVERSIFIED FINANCIAL SERVICES — 3.2%
Berkshire Hathaway, Inc. (Class B) (b)		38,938		4,866,082
CME Group, Inc.		6,865		508,078
Leucadia National Corp.		3,660		102,480
The NASDAQ OMX Group, Inc.		2,703		99,849

				5,576,489

DIVERSIFIED TELECOMMUNICATION SERVICES — 3.8%
AT&T, Inc.		112,620		3,949,584
CenturyLink, Inc. (a)		12,764		419,170
Frontier Communications Corp. (a)		22,112		126,038
Verizon Communications, Inc.		42,704		2,031,429

SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Windstream Holdings, Inc. (a)		12,950	$	106,708

				6,632,929

ELECTRIC UTILITIES — 3.6%
American Electric Power Co., Inc.		10,433		528,536
Duke Energy Corp.		15,119		1,076,775
Edison International		7,131		403,686
Entergy Corp.		3,872		258,843
Exelon Corp.		18,504		620,994
FirstEnergy Corp.		9,140		311,034
NextEra Energy, Inc.		9,270		886,397
Northeast Utilities (a)		6,761		307,626
Pepco Holdings, Inc. (a)		5,585		114,381
Pinnacle West Capital Corp.		2,383		130,255
PPL Corp.		13,736		455,211
Southern Co. (a)		19,092		838,903
Xcel Energy, Inc. (a)		10,714		325,277

				6,257,918

ELECTRICAL EQUIPMENT — 0.5%
Eaton Corp. PLC		5,834		438,250
Emerson Electric Co.		5,739		383,365
Roper Industries, Inc.		924		123,364

				944,979

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.6%
Corning, Inc.		30,150		627,723
FLIR Systems, Inc.		1,066		38,376
Jabil Circuit, Inc.		4,198		75,564
TE Connectivity, Ltd.		3,653		219,947

				961,610

ENERGY EQUIPMENT & SERVICES — 1.3%
Baker Hughes, Inc.		9,647		627,248
Cameron International Corp. (b)		4,671		288,528
Diamond Offshore Drilling, Inc. (a)		1,505		73,384
Ensco PLC (Class A) (a)		4,966		262,105
Nabors Industries, Ltd.		5,646		139,174
National Oilwell Varco, Inc.		4,661		362,952
Noble Corp. PLC		5,598		183,278
Rowan Cos. PLC (b)		2,568		86,490
Transocean, Ltd. (a)		7,296		301,617

				2,324,776

FOOD & STAPLES RETAILING — 4.2%
Costco Wholesale Corp.		9,427		1,052,807
CVS Caremark Corp.		25,565		1,913,796
Sysco Corp.		12,616		455,816
The Kroger Co.		11,293		492,940
Wal-Mart Stores, Inc.		34,970		2,672,757
Walgreen Co.		9,874		651,980
Whole Foods Market, Inc.		3,081		156,238

				7,396,334

FOOD PRODUCTS — 1.9%
Archer-Daniels-Midland Co.		14,094		611,539
Campbell Soup Co. (a)		2,124		95,325
ConAgra Foods, Inc.		9,073		281,535
General Mills, Inc.		6,176		320,040
Hormel Foods Corp.		1,127		55,527
Kellogg Co. (a)		2,547		159,722
McCormick & Co., Inc.		1,337		95,917
Mondelez International, Inc. (Class A)		36,803		1,271,544
The J.M. Smucker Co.		1,166		113,382
Tyson Foods, Inc. (Class A)		5,798		255,170

				3,259,701

GAS UTILITIES — 0.1%
AGL Resources, Inc.		2,491		121,959

HEALTH CARE EQUIPMENT & SUPPLIES — 1.9%
Abbott Laboratories		33,252		1,280,535
Baxter International, Inc.		5,753		423,306
CareFusion Corp. (b)		2,684		107,950
Covidien PLC		5,197		382,811
DENTSPLY International, Inc.		1,195		55,018
Edwards Lifesciences Corp. (a)(b)		1,129		83,738
Intuitive Surgical, Inc. (b)		308		134,901
Medtronic, Inc.		9,219		567,337
Varian Medical Systems, Inc. (b)		811		68,116
Zimmer Holdings, Inc.		1,249		118,130

				3,221,842

HEALTH CARE PROVIDERS & SERVICES — 3.6%
Aetna, Inc.		7,892		591,663
AmerisourceBergen Corp.		2,659		174,404
Cardinal Health, Inc.		7,280		509,454
DaVita HealthCare Partners, Inc. (b)		1,439		99,075
Express Scripts Holding Co. (b)		16,783		1,260,236
Humana, Inc.		3,365		379,303
Laboratory Corp. of America Holdings (a)(b)		944		92,710
McKesson Corp.		2,737		483,272
Patterson Cos., Inc. (a)		1,753		73,205
Quest Diagnostics, Inc. (a)		3,157		182,853
Tenet Healthcare Corp. (b)		1,281		54,840
UnitedHealth Group, Inc.		21,398		1,754,422
WellPoint, Inc.		6,083		605,563

				6,261,000

HOTELS, RESTAURANTS & LEISURE — 1.1%
Carnival Corp.		9,566		362,169
Darden Restaurants, Inc. (a)		2,745		139,336
International Game Technology		1,908		26,826
Marriott International, Inc. (Class A) (a)		1,940		108,679
McDonald’s Corp.		9,172		899,131
Yum! Brands, Inc.		3,868		291,609

				1,827,750

HOUSEHOLD DURABLES — 0.5%
D.R. Horton, Inc. (a)		6,064		131,286
Garmin, Ltd. (a)		1,498		82,779
Leggett & Platt, Inc. (a)		3,084		100,662
Lennar Corp. (Class A) (a)		1,947		77,140
Newell Rubbermaid, Inc.		2,984		89,222
Pulte Group, Inc. (a)		7,401		142,025
Whirlpool Corp.		1,732		258,865

				881,979

HOUSEHOLD PRODUCTS — 1.9%
Colgate-Palmolive Co.		7,480		485,228
Kimberly-Clark Corp.		3,373		371,873
The Clorox Co. (a)		1,261		110,981
The Procter & Gamble Co.		28,651		2,309,270

				3,277,352

SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.2%
NRG Energy, Inc.		7,081	$	225,176
The AES Corp.		13,699		195,622

				420,798

INDUSTRIAL CONGLOMERATES — 3.2%
General Electric Co.		216,965		5,617,224

INSURANCE — 4.7%
ACE, Ltd.		7,320		725,119
Aflac, Inc.		9,874		622,457
American International Group, Inc.		31,606		1,580,616
Assurant, Inc.		1,582		102,767
Cincinnati Financial Corp.		3,255		158,388
Genworth Financial, Inc. (Class A) (b)		10,623		188,346
Hartford Financial Services Group, Inc. (a)		9,805		345,822
Lincoln National Corp.		3,068		155,455
Loews Corp.		6,636		292,316
Marsh & McLennan Cos., Inc.		3,993		196,855
MetLife, Inc.		24,107		1,272,850
Principal Financial Group, Inc.		2,808		129,140
The Allstate Corp.		9,747		551,485
The Chubb Corp.		5,441		485,881
The Progressive Corp.		11,917		288,630
The Travelers Cos., Inc.		7,570		644,207
Unum Group		5,835		206,034
XL Group PLC		5,948		185,875

				8,132,243

INTERNET & CATALOG RETAIL — 0.0% (d)
Expedia, Inc.		998		72,355

INTERNET SOFTWARE & SERVICES — 0.3%
eBay, Inc. (b)		8,222		454,183

IT SERVICES — 2.0%
Accenture PLC (Class A)		6,016		479,595
Computer Sciences Corp.		3,168		192,678
International Business Machines Corp.		11,627		2,238,081
Paychex, Inc.		2,298		97,895
Teradata Corp. (a)(b)		1,749		86,033
The Western Union Co. (a)		4,353		71,215
Xerox Corp.		24,132		272,692

				3,438,189

LEISURE PRODUCTS — 0.1%
Hasbro, Inc. (a)		1,044		58,067
Mattel, Inc.		2,979		119,488

				177,555

LIFE SCIENCES TOOLS & SERVICES — 0.1%
Agilent Technologies, Inc.		2,262		126,491
PerkinElmer, Inc. (a)		1,131		50,963
Waters Corp. (b)		700		75,887

				253,341

MACHINERY — 2.1%
Caterpillar, Inc.		13,727		1,364,052
Cummins, Inc.		1,235		184,003
Deere & Co. (a)		8,027		728,852
Dover Corp.		1,118		91,396
Illinois Tool Works, Inc.		3,915		318,407
Ingersoll-Rand PLC		2,506		143,443
Joy Global, Inc. (a)		2,310		133,980
Pall Corp.		846		75,692
Parker Hannifin Corp.		1,352		161,848
Pentair, Ltd.		1,661		131,784
Snap-On, Inc.		515		58,442
Stanley Black & Decker, Inc.		3,292		267,442
Xylem, Inc.		1,607		58,527

				3,717,868

MEDIA — 1.4%
Cablevision Systems Corp. (Class A) (a)		4,943		83,388
Gannett Co., Inc.		4,865		134,274
McGraw Hill Financial, Inc.		2,405		183,502
The Walt Disney Co.		11,623		930,654
Time Warner, Inc.		8,742		571,115
Twenty-First Century Fox, Inc.		19,024		608,197

				2,511,130

METALS & MINING — 1.1%
Alcoa, Inc.		22,867		294,298
Allegheny Technologies, Inc.		2,343		88,284
Cliffs Natural Resources, Inc. (a)		3,341		68,357
Freeport-McMoRan Copper & Gold, Inc.		22,430		741,760
Newmont Mining Corp.		10,646		249,542
Nucor Corp.		6,852		346,300
United States Steel Corp. (a)		3,212		88,684

				1,877,225

MULTI-UTILITIES — 2.2%
Ameren Corp.		5,407		222,768
CenterPoint Energy, Inc.		9,495		224,936
CMS Energy Corp.		5,880		172,166
Consolidated Edison, Inc.		6,324		339,283
Dominion Resources, Inc.		6,237		442,765
DTE Energy Co.		3,754		278,885
Integrys Energy Group, Inc. (a)		1,756		104,745
NiSource, Inc.		6,795		241,426
PG&E Corp.		9,795		423,144
Public Service Enterprise Group, Inc.		10,863		414,315
SCANA Corp.		3,114		159,810
Sempra Energy		4,918		475,866
TECO Energy, Inc. (a)		4,544		77,930
Wisconsin Energy Corp. (a)		5,038		234,519

				3,812,558

MULTILINE RETAIL — 1.1%
Dollar General Corp. (b)		3,403		188,798
Family Dollar Stores, Inc.		2,056		119,269
Kohl’s Corp.		4,345		246,796
Macy’s, Inc.		7,967		472,363
Nordstrom, Inc. (a)		1,439		89,866
Target Corp.		13,589		822,270

				1,939,362

OIL, GAS & CONSUMABLE FUELS — 13.5%
Anadarko Petroleum Corp.		5,103		432,530
Apache Corp.		8,598		713,204
Chesapeake Energy Corp. (a)		5,569		142,678
Chevron Corp.		41,383		4,920,853
ConocoPhillips		26,478		1,862,727
CONSOL Energy, Inc. (a)		4,823		192,679

SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Denbury Resources, Inc. (a)		7,926	$	129,986
Devon Energy Corp.		8,298		555,385
Exxon Mobil Corp.		93,487		9,131,810
Hess Corp.		5,911		489,904
Marathon Oil Corp.		14,971		531,770
Marathon Petroleum Corp.		3,661		318,654
Murphy Oil Corp.		3,732		234,594
Newfield Exploration Co. (b)		1,151		36,095
Occidental Petroleum Corp.		9,383		894,106
ONEOK, Inc.		4,420		261,885
Peabody Energy Corp. (a)		5,680		92,811
Phillips 66		12,856		990,683
QEP Resources, Inc.		3,771		111,018
Southwestern Energy Co. (b)		3,283		151,051
Spectra Energy Corp.		7,584		280,153
Tesoro Corp.		2,878		145,598
The Williams Cos., Inc.		8,100		328,698
Valero Energy Corp.		11,592		615,535

				23,564,407

PAPER & FOREST PRODUCTS — 0.5%
International Paper Co.		9,572		439,164
Weyerhaeuser Co.		12,495		366,728

				805,892

PERSONAL PRODUCTS — 0.0%
Avon Products, Inc.		5,507		80,622

PHARMACEUTICALS — 5.1%
Bristol-Myers Squibb Co.		12,352		641,686
Eli Lilly & Co.		21,281		1,252,600
Forest Laboratories, Inc. (b)		2,407		222,094
Hospira, Inc. (b)		1,941		83,948
Johnson & Johnson		25,128		2,468,323
Merck & Co., Inc.		33,684		1,912,241
Pfizer, Inc.		70,441		2,262,565
Zoetis, Inc.		3,697		106,991

				8,950,448

PROFESSIONAL SERVICES — 0.1%
Nielsen Holdings NV		2,478		110,593

REAL ESTATE INVESTMENT TRUSTS — 1.6%
Apartment Investment & Management Co. (Class A)		1,383		41,794
AvalonBay Communities, Inc.		1,524		200,132
Boston Properties, Inc.		1,693		193,899
Equity Residential		3,846		223,030
General Growth Properties, Inc.		6,589		144,958
HCP, Inc.		9,839		381,655
Health Care REIT, Inc.		1,950		116,220
Host Hotels & Resorts, Inc.		5,677		114,902
Kimco Realty Corp.		4,850		106,118
Plum Creek Timber Co., Inc.		1,651		69,408
ProLogis		4,394		179,407
Public Storage		1,288		217,015
Simon Property Group, Inc.		2,846		466,744
Ventas, Inc.		3,210		194,430
Vornado Realty Trust		1,825		179,872

				2,829,584

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (d)
CBRE Group, Inc. (b)		1,908		52,336

ROAD & RAIL — 0.2%
CSX Corp.		7,803		226,053
Ryder Systems, Inc.		1,178		94,146

				320,199

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.7%
Altera Corp.		4,051		146,808
Analog Devices, Inc.		3,505		186,256
Applied Materials, Inc.		11,403		232,849
Broadcom Corp. (Class A)		11,599		365,136
Intel Corp.		106,978		2,761,102
Lam Research Corp. (b)		1,801		99,055
Linear Technology Corp.		2,208		107,508
LSI Corp.		3,696		40,915
NVIDIA Corp.		6,491		116,254
Texas Instruments, Inc.		9,301		438,542
Xilinx, Inc.		2,600		141,102

				4,635,527

SOFTWARE — 1.0%
CA, Inc.		2,332		72,222
Citrix Systems, Inc. (b)		1,525		87,581
Oracle Corp.		34,760		1,422,031
Symantec Corp.		6,931		138,412

				1,720,246

SPECIALTY RETAIL — 1.2%
AutoNation, Inc. (b)		1,364		72,606
Best Buy Co., Inc. (a)		3,019		79,732
CarMax, Inc. (a)(b)		2,167		101,415
GameStop Corp. (Class A) (a)		1,336		54,909
L Brands, Inc.		1,851		105,081
Lowe’s Cos., Inc.		8,942		437,264
PetSmart, Inc. (a)		1,130		77,846
Staples, Inc. (a)		14,361		162,854
The Gap, Inc.		1,953		78,237
The Home Depot, Inc.		10,584		837,512
Urban Outfitters, Inc. (b)		925		33,735

				2,041,191

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.5%
EMC Corp.		44,229		1,212,317
Hewlett-Packard Co.		41,000		1,326,760
NetApp, Inc.		2,376		87,674

				2,626,751

TEXTILES, APPAREL & LUXURY GOODS — 0.2%
Coach, Inc. (a)		2,365		117,446
PVH Corp.		618		77,108
Ralph Lauren Corp.		514		82,718

				277,272

THRIFTS & MORTGAGE FINANCE — 0.1%
Hudson City Bancorp, Inc.		10,679		104,975
People’s United Financial, Inc. (a)		3,408		50,677

				155,652

TOBACCO — 1.2%
Altria Group, Inc.		20,246		757,808
Philip Morris International, Inc.		15,118		1,237,710

SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Reynolds American, Inc.		3,321	$	177,408

				2,172,926

TOTAL COMMON STOCKS —
(Cost $151,370,274)				173,935,339

SHORT TERM INVESTMENTS — 3.9%
MONEY MARKET FUNDS — 3.9%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		6,641,728		6,641,728
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		226,045		226,045

TOTAL SHORT TERM INVESTMENTS —
(Cost $6,867,773)				6,867,773

TOTAL INVESTMENTS — 103.7% (h)
(Cost $158,238,047)				180,803,112
OTHER ASSETS & LIABILITIES — (3.7)%				(6,417,898	)

NET ASSETS — 100.0%			$	174,385,214


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(d)		Amount shown represents less than 0.05% of net assets.
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
AEROSPACE & DEFENSE — 1.8%
AAR Corp.		788	$	20,449
Aerovironment, Inc. (a)		400		16,100
Alliant Techsystems, Inc. (b)		661		93,961
American Science & Engineering, Inc.		155		10,411
API Technologies Corp. (a)(b)		723		2,118
Astronics Corp. (a)		279		17,691
BE Aerospace, Inc. (a)		1,982		172,018
Cubic Corp.		395		20,173
Curtiss-Wright Corp.		948		60,236
DigitalGlobe, Inc. (a)(b)		1,498		43,457
Ducommun, Inc. (a)		245		6,140
Engility Holdings, Inc. (a)		308		13,875
Erickson Air-Crane, Inc. (a)(b)		80		1,545
Esterline Technologies Corp. (a)		633		67,440
Exelis, Inc.		3,791		72,067
GenCorp, Inc. (a)(b)		1,275		23,294
HEICO Corp. (b)		1,318		79,291
Hexcel Corp. (a)		2,083		90,694
Huntington Ingalls Industries, Inc.		1,030		105,328
Innovative Solutions & Support, Inc. (a)(b)		233		1,754
Kratos Defense & Security Solutions, Inc. (a)(b)		965		7,276
LMI Aerospace, Inc. (a)(b)		245		3,454
Moog, Inc. (Class A) (a)		958		62,759
National Presto Industries, Inc.		75		5,853
Orbital Sciences Corp. (a)		1,278		35,656
Sparton Corp. (a)		245		7,174
Spirit Aerosystems Holdings, Inc. (Class A) (a)		2,457		69,263
Taser International, Inc. (a)		1,125		20,576
Teledyne Technologies, Inc. (a)		743		72,316
The Keyw Holding Corp. (a)(b)		630		11,787
TransDigm Group, Inc.		1,088		201,498
Triumph Group, Inc. (b)		1,027		66,324

				1,481,978

AIR FREIGHT & LOGISTICS — 0.2%
Air Transport Services Group, Inc. (a)		1,123		8,815
Atlas Air Worldwide Holdings, Inc. (a)		560		19,751
Echo Global Logistics, Inc. (a)(b)		405		7,420
Forward Air Corp.		638		29,418
HUB Group, Inc. (Class A) (a)(b)		798		31,912
Pacer International, Inc. (a)		710		6,362
Park-Ohio Holdings Corp. (a)		155		8,703
UTI Worldwide, Inc. (b)		1,913		20,259
XPO Logistics, Inc. (a)		1,003		29,498

				162,138

AIRLINES — 1.1%
Alaska Air Group, Inc.		1,423		132,780
Allegiant Travel Co.		320		35,818
American Airlines Group, Inc. (a)		3,997		146,290
Copa Holdings SA (Class A)		720		104,537
Hawaiian Holdings, Inc. (a)		1,118		15,607
JetBlue Airways Corp. (a)(b)		4,949		43,007
Republic Airways Holdings, Inc. (a)		1,033		9,442
SkyWest, Inc.		1,123		14,329
Spirit Airlines, Inc. (a)		1,178		69,973
United Continental Holdings, Inc. (a)		7,265		324,237

				896,020

AUTO COMPONENTS — 1.1%
Allison Transmission Holdings, Inc.		683		20,449
American Axle & Manufacturing Holdings, Inc. (a)		1,438		26,632
Cooper Tire & Rubber Co. (b)		1,360		33,048
Dana Holding Corp.		3,013		70,112
Dorman Products, Inc. (a)(b)		465		27,463
Drew Industries, Inc.		478		25,908
Federal-Mogul Corp. (a)(b)		398		7,447
Fox Factory Holding Corp. (a)(b)		200		3,780
Fuel Systems Solutions, Inc. (a)(b)		325		3,497
Gentex Corp.		2,931		92,414
Gentherm, Inc. (a)		720		24,998
Lear Corp.		1,609		134,705
Modine Manufacturing Co. (a)		1,048		15,353
Remy International, Inc.		325		7,676
Shiloh Industries, Inc. (a)(b)		128		2,271
Spartan Motors, Inc.		718		3,691
Standard Motor Products, Inc.		395		14,129
Stoneridge, Inc. (a)		648		7,277
Superior Industries International, Inc.		475		9,733
Tenneco, Inc. (a)		1,273		73,923
Tower International, Inc. (a)		165		4,491
TRW Automotive Holdings Corp. (a)		2,253		183,890
Visteon Corp. (a)		1,058		93,570

				886,457

AUTOMOBILES — 0.5%
Tesla Motors, Inc. (a)(b)		1,710		356,449
Thor Industries, Inc.		863		52,695
Winnebago Industries, Inc. (a)		550		15,065

				424,209

BANKS — 5.0%
1st Source Corp.		320		10,269
1st United Bancorp, Inc. (b)		640		4,902
Access National Corp.		160		2,594
American National Bankshares, Inc. (b)		160		3,763
Ameris Bancorp (a)		468		10,904
Ames National Corp.		250		5,510
Arrow Financial Corp. (b)		249		6,584
Associated Banc-Corp.		3,430		61,946
Bancfirst Corp.		160		9,061
Banco Latinoamericano de Comercio Exterior SA		643		16,982
Bancorp, Inc. (a)		725		13,637
BancorpSouth, Inc. (b)		1,888		47,124
Bank of Hawaii Corp.		936		56,731
Bank of Kentucky Financial Corp.		165		6,194
Bank of Marin Bancorp (b)		70		3,151
Bank of the Ozarks, Inc.		633		43,082
BankUnited, Inc.		1,361		47,322
Banner Corp.		395		16,278
Bar Harbor Bankshares		80		3,068
BBCN Bancorp, Inc.		1,678		28,761
BNC Bancorp (b)		400		6,932
BOK Financial Corp. (b)		541		37,356
Boston Private Financial Holdings, Inc.		1,673		22,636

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Bridge Bancorp, Inc.		250	$	6,678
Bridge Capital Holdings (a)		250		5,940
Bryn Mawr Bank Corp.		328		9,423
C&F Financial Corp.		83		2,751
Camden National Corp. (b)		160		6,592
Capital Bank Financial Corp. (Class A) (a)		463		11,626
Capital City Bank Group, Inc.		235		3,121
CapitalSource, Inc.		3,946		57,572
Cardinal Financial Corp.		638		11,376
Cascade Bancorp (a)(b)		128		717
Cathay General Bancorp		1,678		42,269
Center Bancorp, Inc.		235		4,465
Centerstate Banks, Inc.		640		6,989
Central Pacific Financial Corp.		483		9,757
Century Bancorp, Inc. (Class A) (b)		80		2,729
Chemical Financial Corp.		653		21,190
Chemung Financial Corp. (b)		80		2,170
CIT Group, Inc.		4,121		202,011
Citizens & Northern Corp. (b)		235		4,632
City Holding Co.		315		14,131
City National Corp.		938		73,839
CNB Financial Corp.		235		4,155
CoBiz Financial, Inc.		710		8,179
Columbia Banking System, Inc.		1,023		29,176
Commerce Bancshares, Inc.		1,658		76,964
Community Bank System, Inc. (b)		785		30,631
Community Trust Bancorp, Inc.		325		13,481
CommunityOne Bancorp (a)(b)		245		2,749
ConnectOne Bancorp, Inc. (a)(b)		37		1,812
CU Bancorp (a)(b)		250		4,600
Cullen/Frost Bankers, Inc.		1,093		84,740
Customers Bancorp, Inc. (a)(b)		393		8,202
CVB Financial Corp. (b)		1,908		30,337
Eagle Bancorp, Inc. (a)		480		17,328
East West Bancorp, Inc.		2,857		104,280
Enterprise Bancorp, Inc. (b)		160		3,254
Enterprise Financial Services Corp.		403		8,088
F.N.B. Corp.		3,023		40,508
Farmers Capital Bank Corp. (a)		160		3,594
Fidelity Southern Corp.		337		4,708
Financial Institutions, Inc.		325		7,482
First Bancorp		395		7,505
First Bancorp, Inc.		250		4,075
First BanCorp- Puerto Rico (a)(b)		1,513		8,231
First Busey Corp.		1,513		8,775
First Citizens BancShares, Inc. (Class A)		160		38,520
First Commonwealth Financial Corp. (b)		2,071		18,722
First Community Bancshares, Inc.		405		6,626
First Connecticut Bancorp, Inc. (b)		410		6,421
First Financial Bancorp		1,190		21,396
First Financial Bankshares, Inc. (b)		630		38,928
First Financial Corp.		240		8,083
First Financial Holdings, Inc.		539		33,752
First Horizon National Corp.		4,894		60,392
First Interstate Bancsystem, Inc.		405		11,429
First Merchants Corp.		745		16,122
First Midwest Bancorp, Inc.		1,598		27,294
First NBC Bank Holding Co. (a)		80		2,789
First Niagara Financial Group, Inc.		7,196		68,002
First Republic Bank		2,377		128,334
First Security Group, Inc. (a)(b)		1,365		2,839
FirstMerit Corp.		3,411		71,051
Flushing Financial Corp.		635		13,379
Fulton Financial Corp.		3,970		49,943
German American Bancorp, Inc.		230		6,645
Glacier Bancorp, Inc.		1,413		41,076
Great Southern Bancorp, Inc.		245		7,357
Guaranty Bancorp		320		4,560
Hampton Roads Bankshares, Inc. (a)		719		1,143
Hancock Holding Co.		1,685		61,755
Hanmi Financial Corp.		630		14,679
Heartland Financial USA, Inc. (b)		320		8,637
Heritage Commerce Corp.		490		3,949
Heritage Financial Corp. (b)		320		5,414
Heritage Oaks Bancorp (a)(b)		390		3,151
Home Bancshares, Inc.		958		32,974
Home Federal Bancorp, Inc.		323		5,026
HomeTrust Bancshares, Inc. (a)(b)		490		7,732
Horizon Bancorp (b)		155		3,453
Hudson Valley Holding Corp.		310		5,906
IBERIABANK Corp.		640		44,896
Independent Bank Corp.-Massachusetts (b)		478		18,819
Independent Bank Group, Inc. (b)		80		4,700
International Bancshares Corp.		1,113		27,914
Intervest Bancshares Corp. (a)(b)		405		3,017
Investors Bancorp, Inc.		988		27,308
Lakeland Bancorp, Inc.		640		7,200
Lakeland Financial Corp.		310		12,468
LCNB Corp.		168		2,906
Macatawa Bank Corp.		473		2,384
MainSource Financial Group, Inc.		390		6,669
MB Financial, Inc.		1,103		34,149
Mercantile Bank Corp. (b)		155		3,196
Merchants Bancshares, Inc.		170		5,544
Metro Bancorp, Inc. (a)		325		6,871
Middleburg Financial Corp.		70		1,233
MidSouth Bancorp, Inc. (b)		155		2,609
MidWestOne Financial Group, Inc. (b)		165		4,165
National Bankshares, Inc.		165		6,024
National Penn Bancshares, Inc.		2,473		25,843
NBT Bancorp, Inc.		965		23,604
NewBridge Bancorp (a)		565		4,034
Northrim BanCorp, Inc.		165		4,239
OFG Bancorp		955		16,416
Old National Bancorp (b)		2,158		32,176
OmniAmerican Bancorp, Inc.		240		5,470
Pacific Continental Corp.		405		5,573
Pacific Premier Bancorp, Inc. (a)(b)		311		5,020
PacWest Bancorp (b)		793		34,107
Palmetto Bancshares, Inc. (a)(b)		94		1,324
Park National Corp.		240		18,454
Park Sterling Corp.		960		6,384
Peapack Gladstone Financial Corp.		190		4,180
Penns Woods Bancorp, Inc. (b)		80		3,902
Peoples Bancorp, Inc.		240		5,935
Pinnacle Financial Partners, Inc.		713		26,730
Popular, Inc. (a)		2,092		64,831
Preferred Bank (a)		238		6,178

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

PrivateBancorp, Inc.		1,353	$	41,280
Prosperity Bancshares, Inc. (b)		1,249		82,621
Renasant Corp. (b)		664		19,289
Republic Bancorp, Inc. (Class A)		250		5,650
S&T Bancorp, Inc. (b)		640		15,168
S.Y. Bancorp, Inc.		325		10,283
Sandy Spring Bancorp, Inc.		565		14,114
Seacoast Banking Corp. of Florida (a)		321		3,531
Sierra Bancorp		235		3,741
Signature Bank (a)		970		121,822
Simmons First National Corp.		310		11,554
Southside Bancshares, Inc. (b)		405		12,709
Southwest Bancorp, Inc.		395		6,976
State Bank Financial Corp.		630		11,145
Sterling Bancorp		1,764		22,332
Sterling Financial Corp.		718		23,931
Suffolk Bancorp (a)(b)		240		5,352
Sun Bancorp, Inc. (a)(b)		883		2,967
Susquehanna Bancshares, Inc.		3,801		43,293
SVB Financial Group (a)		925		119,121
Synovus Financial Corp.		19,914		67,508
Talmer Bancorp, Inc. (Class A) (a)		400		5,856
Taylor Capital Group, Inc. (a)		408		9,759
TCF Financial Corp.		3,321		55,328
Texas Capital Bancshares, Inc. (a)(b)		880		57,147
The First of Long Island Corp. (b)		158		6,416
The National Bank Holdings Corp. (Class A) (b)		920		18,464
Tompkins Financial Corp. (b)		323		15,814
TowneBank (b)		560		8,686
Trico Bancshares (b)		315		8,168
Tristate Capital Holdings, Inc. (a)(b)		165		2,345
Trustmark Corp. (b)		1,340		33,969
UMB Financial Corp.		725		46,908
Umpqua Holdings Corp.		2,296		42,797
Union First Market Bankshares Corp.		855		21,734
United Bankshares, Inc.		1,332		40,786
United Community Banks, Inc. (a)		870		16,887
Univest Corp. of Pennsylvania		310		6,361
Valley National Bancorp (b)		4,246		44,201
VantageSouth Bancshares, Inc. (a)		256		1,800
ViewPoint Financial Group		785		22,647
Washington Banking Co.		315		5,601
Washington Trust Bancorp, Inc. (b)		323		12,103
Webster Financial Corp.		1,816		56,405
WesBanco, Inc.		560		17,825
West Bancorporation, Inc. (b)		315		4,785
Westamerica Bancorporation (b)		555		30,014
Western Alliance Bancorp (a)		1,503		36,974
Wilshire Bancorp, Inc.		1,268		14,075
Wintrust Financial Corp.		900		43,794
Yadkin Financial Corp. (a)		323		6,915

				4,170,521

BEVERAGES — 0.1%
Boston Beer Co., Inc. (Class A) (a)(b)		183		44,786
Coca-Cola Hellenic Bottling Co.		75		6,374
Craft Brew Alliance, Inc. (a)		245		3,741
National Beverage Corp. (a)		240		4,682

				59,583

BIOTECHNOLOGY — 3.1%
ACADIA Pharmaceuticals, Inc. (a)		1,423		34,622
Acceleron Pharma, Inc. (a)(b)		147		5,072
Achillion Pharmaceuticals, Inc. (a)(b)		2,083		6,853
Acorda Therapeutics, Inc. (a)		883		33,475
Aegerion Pharmaceuticals, Inc. (a)(b)		618		28,502
Agios Pharmaceuticals, Inc. (a)(b)		100		3,915
Alkermes PLC (a)		2,775		122,350
Alnylam Pharmaceuticals, Inc. (a)		1,188		79,762
AMAG Pharmaceuticals, Inc. (a)(b)		485		9,385
Amicus Therapeutics, Inc. (a)		646		1,337
Anacor Pharmaceuticals, Inc. (a)		565		11,306
Arena Pharmaceuticals, Inc. (a)(b)		4,629		29,163
ARIAD Pharmaceuticals, Inc. (a)(b)		4,017		32,377
ArQule, Inc. (a)		1,283		2,630
Array BioPharma, Inc. (a)(b)		2,473		11,623
Auspex Pharmaceuticals, Inc. (a)		200		6,152
AVEO Pharmaceuticals, Inc. (a)(b)		1,123		1,679
BioMarin Pharmaceutical, Inc. (a)		2,868		195,626
Biotime, Inc. (a)		803		2,642
Bluebird Bio, Inc. (a)		100		2,274
Cell Therapeutics, Inc. (a)(b)		2,396		8,146
Celldex Therapeutics, Inc. (a)(b)		1,768		31,241
Cepheid, Inc. (a)(b)		1,361		70,200
Chelsea Therapeutics International, Ltd. (a)(b)		1,440		7,949
ChemoCentryx, Inc. (a)(b)		568		3,766
Chimerix, Inc. (a)		155		3,540
Clovis Oncology, Inc. (a)		393		27,223
Coronado Biosciences, Inc. (a)(b)		480		950
Cubist Pharmaceuticals, Inc. (a)(b)		1,364		99,777
Curis, Inc. (a)(b)		1,668		4,704
Cytokinetics, Inc. (a)(b)		568		5,396
Cytori Therapeutics, Inc. (a)(b)		1,358		3,667
Dendreon Corp. (a)(b)		3,354		10,028
Dicerna Pharmaceuticals, Inc. (a)		100		2,825
Durata Therapeutics, Inc. (a)(b)		230		3,096
Dyax Corp. (a)		2,713		24,363
Dynavax Technologies Corp. (a)(b)		3,916		7,049
Emergent Biosolutions, Inc. (a)(b)		553		13,974
Enanta Pharmaceuticals, Inc. (a)(b)		77		3,079
Enzon Pharmaceuticals, Inc. (b)		800		824
Epizyme, Inc. (a)(b)		170		3,871
Exact Sciences Corp. (a)(b)		1,539		21,808
Exelixis, Inc. (a)(b)		3,914		13,856
Fibrocell Science, Inc. (a)(b)		410		2,144
Five Prime Therapeutics, Inc. (a)		100		1,966
Foundation Medicine, Inc. (a)(b)		200		6,474
Galena Biopharma, Inc. (a)(b)		1,953		4,883
Genomic Health, Inc. (a)(b)		310		8,165
Geron Corp. (a)(b)		2,801		5,826
GlycoMimetics, Inc. (a)		200		3,266
GTx, Inc. (a)(b)		560		857
Halozyme Therapeutics, Inc. (a)(b)		1,923		24,422
Harvard Apparatus Regenerative Technology, Inc. (a)(b)		140		1,270
Hyperion Therapeutics, Inc. (a)(b)		155		3,999
Idenix Pharmaceuticals, Inc. (a)(b)		2,161		13,031
ImmunoGen, Inc. (a)(b)		1,848		27,591
Immunomedics, Inc. (a)(b)		1,608		6,770
Incyte Corp. (a)(b)		2,148		114,961

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Infinity Pharmaceuticals, Inc. (a)(b)		1,043	$	12,401
Insmed, Inc. (a)(b)		736		14,013
Insys Therapeutics, Inc. (a)(b)		113		4,661
Intercept Pharmaceuticals, Inc. (a)(b)		165		54,415
InterMune, Inc. (a)(b)		2,063		69,049
Intrexon Corp. (a)(b)		200		5,258
Ironwood Pharmaceuticals, Inc. (a)(b)		2,001		24,652
Isis Pharmaceuticals, Inc. (a)(b)		2,298		99,297
KaloBios Pharmaceuticals, Inc. (a)(b)		188		509
Karyopharm Therapeutics, Inc. (a)		200		6,178
Keryx Biopharmaceuticals, Inc. (a)(b)		1,763		30,042
Kindred Biosciences, Inc. (a)		200		3,706
KYTHERA Biopharmaceuticals, Inc. (a)(b)		245		9,741
Lexicon Pharmaceuticals, Inc. (a)(b)		4,881		8,444
Ligand Pharmaceuticals, Inc. (Class B) (a)(b)		405		27,240
MacroGenics, Inc. (a)		100		2,783
MannKind Corp. (a)(b)		3,203		12,876
Medivation, Inc. (a)(b)		1,586		102,091
MEI Pharma, Inc. (a)(b)		206		2,293
Merrimack Pharmaceuticals, Inc. (a)(b)		1,901		9,581
MiMedx Group, Inc. (a)(b)		1,748		10,715
Momenta Pharmaceuticals, Inc. (a)(b)		1,048		12,209
Myriad Genetics, Inc. (a)(b)		1,473		50,362
Nanosphere, Inc. (a)(b)		875		1,881
Navidea Biopharmaceuticals, Inc. (a)(b)		2,558		4,732
Neurocrine Biosciences, Inc. (a)(b)		1,443		23,232
NewLink Genetics Corp. (a)(b)		410		11,644
Novavax, Inc. (a)(b)		3,676		16,652
NPS Pharmaceuticals, Inc. (a)		2,063		61,746
OncoGenex Pharmaceutical, Inc. (a)(b)		320		3,763
OncoMed Pharmaceuticals, Inc. (a)(b)		100		3,365
Onconova Therapeutics, Inc. (a)(b)		100		634
Ophthotech Corp. (a)(b)		200		7,148
OPKO Health, Inc. (a)(b)		4,038		37,634
Orexigen Therapeutics, Inc. (a)(b)		1,993		12,954
Osiris Therapeutics, Inc. (a)(b)		310		4,070
OvaScience, Inc. (a)(b)		150		1,341
PDL BioPharma, Inc. (b)		2,946		24,481
Peregrine Pharmaceuticals, Inc. (a)(b)		2,929		5,565
Pharmacyclics, Inc. (a)		1,192		119,462
Portola Pharmaceuticals, Inc. (a)(b)		250		6,475
Progenics Pharmaceuticals, Inc. (a)(b)		1,305		5,337
Prothena Corp. PLC (a)(b)		335		12,834
PTC Therapeutics, Inc. (a)		200		5,228
Puma Biotechnology, Inc. (a)		480		49,987
Raptor Pharmaceutical Corp. (a)		1,203		12,030
Receptos, Inc. (a)		170		7,130
Regulus Therapeutics, Inc. (a)(b)		148		1,335
Repligen Corp. (a)(b)		630		8,102
Retrophin, Inc. (a)		400		8,508
Rigel Pharmaceuticals, Inc. (a)		1,833		7,112
Sangamo Biosciences, Inc. (a)(b)		1,213		21,931
Sarepta Therapeutics, Inc. (a)(b)		730		17,542
Seattle Genetics, Inc. (a)(b)		2,016		91,849
SIGA Technologies, Inc. (a)(b)		803		2,489
Spectrum Pharmaceuticals, Inc. (a)(b)		1,278		10,020
Stemline Therapeutics, Inc. (a)(b)		150		3,054
Sunesis Pharmaceuticals, Inc. (a)(b)		725		4,792
Synageva BioPharma Corp. (a)(b)		410		34,018
Synergy Pharmaceuticals, Inc. (a)(b)		1,668		8,857
Synta Pharmaceuticals Corp. (a)(b)		883		3,806
Targacept, Inc. (a)(b)		550		2,613
TESARO, Inc. (a)(b)		230		6,780
Tetraphase Pharmaceuticals, Inc. (a)		240		2,614
TG Therapeutics, Inc. (a)(b)		224		1,546
Theravance, Inc. (a)(b)		1,608		49,752
Threshold Pharmaceuticals, Inc. (a)		1,048		4,988
Trius Therapeutics, Inc. (a)(c)		800		0
Ultragenyx Pharmaceutical, Inc. (a)		100		4,889
United Therapeutics Corp. (a)(b)		905		85,097
Vanda Pharmaceuticals, Inc. (a)		648		10,530
Verastem, Inc. (a)(b)		317		3,420
Vical, Inc. (a)(b)		1,593		2,055
Xencor, Inc. (a)		300		3,519
XOMA Corp. (a)		1,363		7,101
ZIOPHARM Oncology, Inc. (a)(b)		1,440		6,595

				2,644,457

BUILDING PRODUCTS — 0.9%
A.O. Smith Corp.		1,605		73,862
AAON, Inc.		550		15,329
American Woodmark Corp. (a)		245		8,247
Apogee Enterprises, Inc.		545		18,110
Armstrong World Industries, Inc. (a)		484		25,773
Builders FirstSource, Inc. (a)(b)		960		8,746
Continental Building Products, Inc. (a)		300		5,652
Fortune Brands Home & Security, Inc.		3,348		140,884
Gibraltar Industries, Inc. (a)		635		11,983
Griffon Corp.		960		11,462
Insteel Industries, Inc.		405		7,966
Lennox International, Inc.		1,038		94,365
NCI Building Systems, Inc. (a)		490		8,555
Norcraft Cos, Inc. (a)		200		3,386
Nortek, Inc. (a)		150		12,332
Owens Corning		2,460		106,198
Patrick Industries, Inc. (a)		165		7,314
PGT, Inc. (a)		723		8,322
Ply Gem Holdings, Inc. (a)(b)		315		3,978
Quanex Building Products Corp. (b)		800		16,544
Simpson Manufacturing Co., Inc.		783		27,663
Trex Co., Inc. (a)		378		27,655
Universal Forest Products, Inc.		395		21,859
USG Corp. (a)		1,631		53,366

				719,551

CAPITAL MARKETS — 1.9%
Affiliated Managers Group, Inc. (a)		1,078		215,654
Arlington Asset Investment Corp. (Class A) (b)		315		8,341
Artisan Partners Asset Management, Inc.		230		14,778
BGC Partners, Inc. (Class A)		2,718		17,776
Calamos Asset Management, Inc. (Class A)		395		5,107
CIFC Corp. (b)		147		1,197
Cohen & Steers, Inc. (b)		400		15,940
Cowen Group, Inc. (Class A) (a)		2,078		9,164

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Diamond Hill Investment Group, Inc. (b)		85	$	11,172
Eaton Vance Corp.		2,464		94,026
Evercore Partners, Inc. (Class A)		630		34,807
FBR & Co. (a)		155		4,004
Federated Investors, Inc. (Class B) (b)		1,922		58,698
Financial Engines, Inc. (b)		1,038		52,710
FXCM, Inc. (Class A) (b)		805		11,890
GAMCO Investors, Inc. (Class A)		170		13,201
GFI Group, Inc.		1,528		5,424
Greenhill & Co., Inc. (b)		550		28,589
HFF, Inc. (Class A)		723		24,300
ICG Group, Inc. (a)		795		16,234
Intl. FCStone, Inc. (a)		325		6,113
Investment Technology Group, Inc. (a)		800		16,160
Janus Capital Group, Inc. (b)		3,196		34,741
JMP Group, Inc.		315		2,240
KCG Holdings, Inc. (Class A) (a)(b)		1,517		18,098
Ladenburg Thalmann Financial Services, Inc. (a)(b)		2,148		6,487
Lazard, Ltd. (Class A)		2,613		123,046
LPL Investment Holdings, Inc.		1,132		59,475
Manning & Napier, Inc.		323		5,417
Marcus & Millichap, Inc. (a)		100		1,784
Oppenheimer Holdings, Inc. (Class A)		245		6,872
Piper Jaffray Co., Inc. (a)		308		14,106
Pzena Investment Management, Inc. (Class A)		240		2,825
Raymond James Financial, Inc.		2,510		140,384
Safeguard Scientifics, Inc. (a)(b)		488		10,824
SEI Investments Co.		2,943		98,914
Silvercrest Asset Management Group, Inc. (Class A)		100		1,829
Stifel Financial Corp. (a)		1,258		62,598
SWS Group, Inc. (a)		645		4,825
TD Ameritrade Holding Corp.		4,751		161,296
Virtus Investment Partners, Inc. (a)(b)		152		26,322
Waddell & Reed Financial, Inc. (Class A)		1,808		133,105
Walter Investment Management Corp. (a)(b)		703		20,970
Westwood Holdings Group, Inc. (b)		163		10,218
WisdomTree Investments, Inc. (a)(b)		2,063		27,067

				1,638,728

CHEMICALS — 2.6%
A. Schulman, Inc.		643		23,315
Advanced Emissions Solutions, Inc. (a)		490		12,025
Albemarle Corp.		1,655		109,925
American Vanguard Corp. (b)		645		13,964
Arabian American Development Co. (a)		395		4,286
Ashland, Inc.		1,614		160,561
Axiall Corp.		1,390		62,439
Balchem Corp.		640		33,357
Cabot Corp.		1,290		76,187
Calgon Carbon Corp. (a)		1,110		24,231
Celanese Corp. (Series A)		3,241		179,908
Chase Corp.		165		5,202
Chemtura Corp. (a)		1,973		49,897
Cytec Industries, Inc.		723		70,572
Ferro Corp. (a)		1,513		20,668
Flotek Industries, Inc. (a)(b)		1,045		29,103
FutureFuel Corp. (b)		485		9,846
H.B. Fuller Co.		1,030		49,728
Hawkins, Inc.		150		5,511
Huntsman Corp.		3,913		95,555
Innophos Holdings, Inc.		483		27,386
Innospec, Inc.		475		21,484
Intrepid Potash, Inc. (a)(b)		1,206		18,645
KMG Chemicals, Inc. (b)		155		2,430
Koppers Holdings, Inc.		390		16,080
Kraton Performance Polymers, Inc. (a)		725		18,952
Kronos Worldwide, Inc. (b)		432		7,206
Landec Corp. (a)		560		6,250
LSB Industries, Inc. (a)(b)		398		14,893
Marrone Bio Innovations, Inc. (a)(b)		200		2,794
Minerals Technologies, Inc.		713		46,031
NewMarket Corp. (b)		194		75,811
Olin Corp. (b)		1,668		46,054
OM Group, Inc.		630		20,929
Omnova Solutions, Inc. (a)		1,048		10,878
Penford Corp. (a)		250		3,590
PolyOne Corp.		2,068		75,813
Quaker Chemical Corp. (b)		230		18,131
Rockwood Holdings, Inc.		1,539		114,502
RPM International, Inc.		2,716		113,637
Sensient Technologies Corp.		1,031		58,159
Stepan Co.		400		25,824
Taminco Corp. (a)		315		6,618
The Scotts Miracle-Gro Co. (Class A)		880		53,926
Tredegar Corp.		568		13,070
Valspar Corp.		1,707		123,109
W.R. Grace & Co. (a)		1,519		150,639
Westlake Chemical Corp.		852		56,385
Zep, Inc.		480		8,496

				2,194,002

COMMERCIAL SERVICES & SUPPLIES — 1.4%
ABM Industries, Inc.		1,108		31,844
ACCO Brands Corp. (a)		2,393		14,741
Acorn Energy, Inc. (b)		403		1,366
ARC Document Solutions, Inc. (a)		798		5,937
Casella Waste Systems, Inc. (Class A) (a)(b)		793		4,052
Ceco Environmental Corp. (b)		291		4,828
Cenveo, Inc. (a)(b)		1,108		3,368
Clean Harbors, Inc. (a)(b)		1,198		65,638
Compx International, Inc.		26		266
Copart, Inc. (a)		2,289		83,297
Courier Corp.		240		3,696
Covanta Holding Corp.		2,107		38,031
Deluxe Corp.		1,028		53,939
EnerNOC, Inc. (a)		560		12,477
Ennis, Inc.		560		9,279
G & K Services, Inc. (Class A)		395		24,162
Healthcare Services Group, Inc. (b)		1,433		41,643
Heritage-Crystal Clean, Inc. (a)(b)		153		2,774
Herman Miller, Inc.		1,185		38,074
HNI Corp.		955		34,915
Innerworkings, Inc. (a)(b)		963		7,377
Interface, Inc.		1,283		26,366
Intersections, Inc. (b)		250		1,475
KAR Auction Services, Inc.		1,547		46,951

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Kimball International, Inc. (Class B)		725	$	13,130
Knoll, Inc.		1,038		18,881
McGrath Rentcorp		465		16,256
Mobile Mini, Inc.		795		34,471
MSA Safety, Inc.		548		31,236
Multi-Color Corp. (b)		235		8,225
NL Industries, Inc. (b)		145		1,572
Performant Financial Corp. (a)(b)		480		4,344
Quad Graphics, Inc.		565		13,249
R.R. Donnelley & Sons Co.		3,990		71,421
Rollins, Inc.		1,344		40,643
Schawk, Inc.		328		6,557
SP Plus Corp. (a)		318		8,354
Steelcase, Inc. (Class A)		1,648		27,373
Swisher Hygiene, Inc. (a)		2,386		1,074
Team, Inc. (a)		390		16,715
Tetra Tech, Inc. (a)		1,353		40,035
The Brink’s Co.		943		26,923
The Geo Group, Inc.		1,458		47,006
TRC Cos., Inc. (a)(b)		315		2,095
UniFirst Corp.		320		35,181
United Stationers, Inc. (b)		783		32,158
US Ecology, Inc.		400		14,848
Viad Corp.		390		9,376
Waste Connections, Inc.		2,579		113,115
West Corp. (b)		485		11,606

				1,202,340

COMMUNICATIONS EQUIPMENT — 1.2%
ADTRAN, Inc.		1,183		28,877
Alliance Fiber Optic Products, Inc. (b)		340		4,920
Applied Optoelectronics, Inc. (a)		100		2,467
Arris Group, Inc. (a)		2,371		66,815
Aruba Networks, Inc. (a)(b)		2,288		42,900
Aviat Networks, Inc. (a)(b)		1,273		2,024
Bel Fuse, Inc. (Class B)		245		5,365
Black Box Corp.		315		7,667
Brocade Communications Systems, Inc. (a)		9,047		95,989
CalAmp Corp. (a)		713		19,871
Calix, Inc. (a)		885		7,461
Ciena Corp. (a)(b)		2,151		48,914
CommScope Holding Co., Inc. (a)		800		19,744
Comtech Telecommunications Corp. (b)		310		9,877
Digi International, Inc. (a)		560		5,684
EchoStar Corp. (Class A) (a)		846		40,236
Emulex Corp. (a)		1,613		11,920
Extreme Networks, Inc. (a)		2,003		11,617
Finisar Corp. (a)(b)		1,898		50,316
Harmonic, Inc. (a)		2,019		14,416
Infinera Corp. (a)(b)		2,478		22,500
InterDigital, Inc. (b)		880		29,137
Ixia (a)		1,198		14,975
JDS Uniphase Corp. (a)		4,800		67,200
KVH Industries, Inc. (a)		315		4,145
Netgear, Inc. (a)(b)		793		26,748
Numerex Corp. (Class A) (a)(b)		325		3,552
Oplink Communications, Inc. (a)		398		7,148
Palo Alto Networks, Inc. (a)(b)		667		45,756
Parkervision, Inc. (a)(b)		1,923		9,230
PC-Tel, Inc.		400		3,492
Plantronics, Inc.		868		38,583
Polycom, Inc. (a)		2,753		37,771
Procera Networks, Inc. (a)(b)		390		4,052
Riverbed Technology, Inc. (a)		3,301		65,063
Ruckus Wireless, Inc. (a)(b)		963		11,710
ShoreTel, Inc. (a)		1,285		11,051
Sonus Networks, Inc. (a)		3,939		13,274
Tessco Technologies, Inc. (b)		70		2,615
Ubiquiti Networks, Inc. (a)		233		10,595
ViaSat, Inc. (a)(b)		788		54,404
Westell Technologies, Inc. (Class A) (a)		958		3,535

				983,616

CONSTRUCTION & ENGINEERING — 0.9%
Aecom Technology Corp. (a)		2,092		67,300
Aegion Corp. (a)(b)		790		19,995
Ameresco, Inc. (Class A) (a)(b)		395		2,986
Argan, Inc.		325		9,662
Chicago Bridge & Iron Co. NV		2,056		179,180
Comfort Systems USA, Inc.		800		12,192
Dycom Industries, Inc. (a)		723		22,854
EMCOR Group, Inc.		1,383		64,711
Furmanite Corp. (a)		800		7,856
Granite Construction, Inc. (b)		791		31,585
Great Lakes Dredge & Dock Corp. (a)		1,281		11,695
KBR, Inc.		3,010		80,307
Layne Christensen Co. (a)(b)		395		7,185
Mastec, Inc. (a)(b)		1,178		51,172
MYR Group, Inc. (a)		488		12,356
Northwest Pipe Co. (a)(b)		150		5,424
Orion Marine Group, Inc. (a)		555		6,976
Pike Corp. (a)		560		6,026
Primoris Services Corp.		710		21,286
Sterling Construction Co., Inc. (a)(b)		310		2,688
Tutor Perini Corp. (a)		800		22,936
URS Corp.		1,572		73,978

				720,350

CONSTRUCTION MATERIALS — 0.3%
Eagle Materials, Inc.		996		88,305
Headwaters, Inc. (a)		1,508		19,921
Martin Marietta Materials, Inc.		974		125,013
Texas Industries, Inc. (a)(b)		485		43,466
US Concrete, Inc. (a)(b)		328		7,708

				284,413

CONSUMER FINANCE — 0.3%
Cash America International, Inc. (b)		543		21,025
Consumer Portfolio Services, Inc. (a)(b)		410		2,804
Credit Acceptance Corp. (a)		160		22,744
DFC Global Corp. (a)(b)		883		7,797
Encore Capital Group, Inc. (a)(b)		471		21,525
Ezcorp, Inc. (Class A) (a)		1,123		12,117
First Cash Financial Services, Inc. (a)		545		27,501
Green Dot Corp. (Class A) (a)(b)		560		10,937
Imperial Holdings, Inc. (a)(b)		408		2,346
JGWPT Holdings, Inc. (Class A) (a)(b)		200		3,652
Nelnet, Inc. (Class A)		478		19,550
Nicholas Financial, Inc.		245		3,854

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Portfolio Recovery Associates, Inc. (a)(b)		1,028	$	59,480
Regional Management Corp. (a)		70		1,726
Santander Consumer USA Holdings, Inc. (a)		1,800		43,344
Springleaf Holdings, Inc. (a)(b)		500		12,575
The First Marblehead Corp. (a)(b)		190		1,148
World Acceptance Corp. (a)(b)		150		11,262

				285,387

CONTAINERS & PACKAGING — 0.9%
AEP Industries, Inc. (a)		75		2,783
AptarGroup, Inc.		1,359		89,830
Berry Plastics Group, Inc. (a)		1,203		27,850
Crown Holdings, Inc. (a)		2,976		133,146
Graphic Packaging Holding Co. (a)		3,963		40,264
Greif, Inc. (Class A)		668		35,063
Myers Industries, Inc.		650		12,948
Packaging Corp. of America		1,987		139,825
Rock-Tenn Co. (Class A)		1,476		155,821
Silgan Holdings, Inc.		850		42,092
Sonoco Products Co.		2,106		86,388
UFP Technologies, Inc. (a)		70		1,705

				767,715

DISTRIBUTORS — 0.3%
Core-Mark Holding Co., Inc.		240		17,424
LKQ Corp. (a)		6,121		161,289
Pool Corp.		950		58,254
VOXX International Corp. (a)(b)		400		5,472
Weyco Group, Inc.		165		4,458

				246,897

DIVERSIFIED CONSUMER SERVICES — 0.7%
American Public Education, Inc. (a)(b)		305		10,699
Apollo Education Group, Inc. (a)		1,966		67,316
Ascent Capital Group Inc (Class A) (a)(b)		325		24,554
Bridgepoint Education, Inc. (a)(b)		400		5,956
Bright Horizons Family Solutions, Inc. (a)		235		9,191
Capella Education Co. (b)		240		15,156
Career Education Corp. (a)(b)		1,203		8,974
Carriage Services, Inc. (b)		315		5,746
Corinthian Colleges, Inc. (a)(b)		1,673		2,309
DeVry Education Group, Inc. (b)		1,263		53,539
Education Management Corp. (a)(b)		470		2,289
Grand Canyon Education, Inc. (a)		953		44,505
Hillenbrand, Inc.		1,105		35,725
Houghton Mifflin Harcourt Co. (a)(b)		400		8,132
ITT Educational Services, Inc. (a)(b)		475		13,623
JTH Holding, Inc. (Class A) (a)		75		2,080
K12, Inc. (a)(b)		555		12,571
LifeLock, Inc. (a)		1,275		21,815
Lincoln Educational Services Corp. (b)		470		1,772
Matthews International Corp. (Class A)		548		22,364
Regis Corp. (b)		1,045		14,316
Service Corp. International		4,316		85,802
Sotheby’s (b)		1,424		62,015
Steiner Leisure, Ltd. (a)		320		14,800
Strayer Education, Inc. (a)		240		11,143
Universal Technical Institute, Inc.		485		6,281
Weight Watchers International, Inc. (b)		531		10,907

				573,580

DIVERSIFIED FINANCIAL SERVICES — 0.5%
California First National Bancorp (b)		49		752
CBOE Holdings, Inc.		1,768		100,069
Gain Capital Holdings, Inc. (b)		234		2,529
ING US, Inc.		1,570		56,944
Interactive Brokers Group, Inc. (Class A)		948		20,543
MarketAxess Holdings, Inc.		800		47,376
Marlin Business Services Corp.		155		3,226
MSCI, Inc. (Class A) (a)		2,449		105,356
NewStar Financial, Inc. (a)(b)		560		7,762
PHH Corp. (a)(b)		1,193		30,827
Pico Holdings, Inc. (a)		478		12,423
Resource America, Inc. (Class A) (b)		235		2,014

				389,821

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.5%
8x8, Inc. (a)(b)		1,913		20,679
Atlantic Tele-Network, Inc.		150		9,888
Cbeyond, Inc. (a)		555		4,024
Cincinnati Bell, Inc. (a)		4,386		15,175
Cogent Communications Group, Inc.		948		33,682
Consolidated Communications Holdings, Inc. (b)		885		17,709
Fairpoint Communications, Inc. (a)		490		6,664
General Communication, Inc. (Class A) (a)		630		7,188
Hawaiian Telcom Holdco, Inc. (a)(b)		245		6,980
HickoryTech Corp.		325		4,157
IDT Corp. (Class B)		318		5,298
inContact, Inc. (a)(b)		1,113		10,685
Inteliquent, Inc.		725		10,534
Intelsat SA (a)		480		8,986
Iridium Communications, Inc. (a)(b)		1,355		10,176
Level 3 Communications, Inc. (a)		3,509		137,342
Lumos Networks Corp.		313		4,185
magicJack VocalTec, Ltd. (a)(b)		400		8,492
ORBCOMM, Inc. (a)		805		5,514
Premiere Global Services, Inc. (a)		1,043		12,579
Straight Path Communications, Inc. (Class B) (a)(b)		360		2,650
Towerstream Corp. (a)(b)		1,443		3,391
tw telecom, Inc. (a)		2,901		90,685
Vonage Holdings Corp. (a)		3,266		13,946

				450,609

ELECTRIC UTILITIES — 1.2%
ALLETE, Inc. (b)		785		41,150
Cleco Corp.		1,250		63,225
El Paso Electric Co.		785		28,048
Genie Energy, Ltd. (Class B) (a)		230		2,293
Great Plains Energy, Inc.		3,157		85,365
Hawaiian Electric Industries, Inc. (b)		1,980		50,331
IDACORP, Inc. (b)		1,039		57,633
ITC Holdings Corp.		3,182		118,848
MGE Energy, Inc.		712		27,932

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

NRG Yield, Inc. (Class A) (b)		500	$	19,765
OGE Energy Corp.		4,038		148,437
Otter Tail Corp. (b)		705		21,707
PNM Resources, Inc.		1,673		45,221
Portland General Electric Co. (b)		1,493		48,284
The Empire District Electric Co.		870		21,158
UIL Holdings Corp. (b)		1,128		41,522
Unitil Corp.		325		10,673
UNS Energy Corp.		878		52,706
Westar Energy, Inc. (b)		2,593		91,170

				975,468

ELECTRICAL EQUIPMENT — 1.0%
Acuity Brands, Inc.		894		118,518
American Superconductor Corp. (a)(b)		960		1,546
AZZ, Inc.		465		20,776
Brady Corp. (Class A)		953		25,874
Capstone Turbine Corp. (a)(b)		6,462		13,764
Encore Wire Corp.		390		18,919
EnerSys (b)		943		65,340
Enphase Energy, Inc. (a)		315		2,318
Franklin Electric Co., Inc.		945		40,181
FuelCell Energy, Inc. (a)(b)		3,346		8,298
Generac Holdings, Inc.		1,009		59,501
General Cable Corp.		1,033		26,455
Global Power Equipment Group, Inc.		410		8,155
GrafTech International, Ltd. (a)(b)		2,473		27,005
Hubbell, Inc. (Class B)		1,233		147,800
LSI Industries, Inc.		485		3,972
Polypore International, Inc. (a)(b)		950		32,499
Powell Industries, Inc.		150		9,720
Power Solutions International, Inc. (a)		68		5,112
PowerSecure International, Inc. (a)		400		9,376
Preformed Line Products Co. (b)		85		5,827
Regal-Beloit Corp.		950		69,074
Revolution Lighting Technologies, Inc. (a)(b)		640		2,016
SolarCity Corp. (a)(b)		485		30,371
The Babcock & Wilcox Co.		2,240		74,368
Thermon Group Holdings, Inc. (a)		555		12,865
Vicor Corp. (a)		405		4,131

				843,781

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.5%
Aeroflex Holding Corp. (a)		395		3,282
Agilysys, Inc. (a)		325		4,355
Anixter International, Inc.		536		54,415
Arrow Electronics, Inc. (a)		2,185		129,702
Audience, Inc. (a)(b)		250		3,125
Avnet, Inc.		2,781		129,400
AVX Corp.		1,031		13,589
Badger Meter, Inc. (b)		325		17,908
Belden, Inc.		865		60,204
Benchmark Electronics, Inc. (a)		1,108		25,096
CDW Corp.		600		16,464
Checkpoint Systems, Inc. (a)		880		11,810
Cognex Corp. (a)		1,736		58,781
Coherent, Inc. (a)		470		30,714
CTS Corp.		720		15,034
Daktronics, Inc.		805		11,584
Dolby Laboratories, Inc. (Class A) (a)(b)		954		42,453
DTS, Inc. (a)(b)		398		7,864
Electro Rent Corp.		400		7,036
Electro Scientific Industries, Inc.		473		4,659
Fabrinet (a)		648		13,459
FARO Technologies, Inc. (a)		310		16,430
FEI Co.		893		91,997
GSI Group, Inc. (a)		638		8,332
II-VI, Inc. (a)		1,123		17,328
Ingram Micro, Inc. (Class A) (a)		3,121		92,257
Insight Enterprises, Inc. (a)		963		24,181
InvenSense, Inc. (a)(b)		1,195		28,286
IPG Photonics Corp. (a)(b)		689		48,974
Itron, Inc. (a)(b)		788		28,006
Kemet Corp. (a)		960		5,578
Knowles Corp. (a)		1,800		56,826
Littelfuse, Inc.		480		44,947
Maxwell Technologies, Inc. (a)(b)		645		8,333
Measurement Specialties, Inc. (a)		313		21,237
Mercury Computer Systems, Inc. (a)		723		9,551
Mesa Laboratories, Inc. (b)		85		7,671
Methode Electronics, Inc. (Class A)		800		24,528
Mettler-Toledo International, Inc. (a)		617		145,415
MTS Systems Corp. (b)		315		21,574
Multi-Fineline Electronix, Inc. (a)		155		1,984
National Instruments Corp.		1,968		56,462
Neonode, Inc. (a)(b)		565		3,215
Newport Corp. (a)		790		16,337
OSI Systems, Inc. (a)(b)		393		23,525
Park Electrochemical Corp. (b)		490		14,636
PC Connection, Inc.		150		3,048
Plexus Corp. (a)		718		28,770
RadiSys Corp. (a)		475		1,705
RealD, Inc. (a)		883		9,863
Richardson Electronics, Ltd.		235		2,529
Rofin-Sinar Technologies, Inc. (a)		648		15,526
Rogers Corp. (a)		310		19,350
Sanmina Corp. (a)		1,753		30,590
Scansource, Inc. (a)		550		22,423
Speed Commerce, Inc. (a)		885		3,221
SYNNEX Corp. (a)		560		33,942
Tech Data Corp. (a)		798		48,646
Trimble Navigation, Ltd. (a)		5,255		204,262
TTM Technologies, Inc. (a)		1,113		9,405
Uni-Pixel, Inc. (a)(b)		245		1,877
Universal Display Corp. (a)(b)		785		25,049
Viasystems Group, Inc. (a)(b)		77		964
Vishay Intertechnology, Inc. (b)		2,791		41,530
Vishay Precision Group, Inc. (a)		235		4,084
Zebra Technologies Corp. (Class A) (a)		1,083		75,171
Zygo Corp. (a)(b)		310		4,709

				2,065,208

ENERGY EQUIPMENT & SERVICES — 2.1%
Atwood Oceanics, Inc. (a)		1,208		60,871
Basic Energy Services, Inc. (a)(b)		640		17,542
Bolt Technology Corp.		155		3,064
Bristow Group, Inc.		705		53,242
C&J Energy Services, Inc. (a)(b)		958		27,935
Cal Dive International, Inc. (a)(b)		2,073		3,524

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

CARBO Ceramics, Inc.		441	$	60,854
CHC Group, Ltd. (a)		700		5,173
Dawson Geophysical Co.		155		4,342
Dresser-Rand Group, Inc. (a)		1,535		89,659
Dril-Quip, Inc. (a)		788		88,335
Era Group, Inc. (a)		388		11,372
Exterran Holdings, Inc.		1,188		52,129
Forum Energy Technologies, Inc. (a)		790		24,474
Frank’s International NV		700		17,346
Geospace Technologies Corp. (a)(b)		230		15,219
Gulf Island Fabrication, Inc.		323		6,980
Gulfmark Offshore, Inc. (Class A)		553		24,852
Helix Energy Solutions Group, Inc. (a)		2,170		49,867
Hercules Offshore, Inc. (a)		3,344		15,349
Hornbeck Offshore Services, Inc. (a)(b)		708		29,601
ION Geophysical Corp. (a)(b)		2,786		11,729
Key Energy Services, Inc. (a)		3,283		30,335
Matrix Service Co. (a)		560		18,917
McDermott International, Inc. (a)(b)		4,763		37,247
Mitcham Industries, Inc. (a)		230		3,206
Natural Gas Services Group, Inc. (a)		235		7,083
Newpark Resources, Inc. (a)		1,838		21,045
North Atlantic Drilling, Ltd.		1,500		13,260
Nuverra Environmental Solutions, Inc. (a)(b)		302		6,128
Oceaneering International, Inc.		2,172		156,080
Oil States International, Inc. (a)		1,122		110,629
Parker Drilling Co. (a)		2,561		18,158
Patterson-UTI Energy, Inc.		2,962		93,836
PHI, Inc. (a)(b)		233		10,308
Pioneer Energy Services Corp. (a)		1,368		17,716
RigNet, Inc. (a)		235		12,650
RPC, Inc. (b)		1,299		26,526
SEACOR Holdings, Inc. (a)(b)		391		33,790
Seadrill, Ltd.		7,202		253,222
Superior Energy Services, Inc.		3,245		99,816
Tesco Corp. (a)		638		11,803
Tetra Technologies, Inc. (a)		1,680		21,504
TGC Industries, Inc. (a)		320		1,904
Tidewater, Inc.		1,011		49,155
Unit Corp. (a)		961		62,830
Vantage Drilling Co. (a)(b)		4,319		7,385
Willbros Group, Inc. (a)		885		11,169

				1,809,161

FOOD & STAPLES RETAILING — 0.5%
Casey’s General Stores, Inc. (b)		795		53,734
Fairway Group Holdings Corp. (a)(b)		315		2,407
Ingles Markets, Inc. (Class A)		233		5,550
Natural Grocers by Vitamin Cottage, Inc. (a)(b)		153		6,680
PriceSmart, Inc. (b)		412		41,583
Rite Aid Corp. (a)		14,877		93,279
Roundy’s, Inc. (b)		565		3,887
Spartan Stores, Inc.		765		17,756
Sprouts Farmers Market, Inc. (a)(b)		400		14,412
SUPERVALU, Inc. (a)(b)		4,311		29,487
Susser Holdings Corp. (a)(b)		405		25,300
The Andersons, Inc.		600		35,544
The Chefs’ Warehouse, Inc. (a)(b)		325		6,955
The Fresh Market, Inc. (a)(b)		784		26,342
The Pantry, Inc. (a)		475		7,287
United Natural Foods, Inc. (a)		1,027		72,835
Village Super Market, Inc. (Class A)		165		4,356
Weis Markets, Inc.		240		11,820

				459,214

FOOD PRODUCTS — 1.5%
Alico, Inc. (b)		85		3,205
Annie’s, Inc. (a)(b)		225		9,043
B&G Foods, Inc. (b)		1,113		33,512
Boulder Brands, Inc. (a)(b)		1,280		22,554
Bunge, Ltd.		3,011		239,405
Cal-Maine Foods, Inc.		320		20,090
Calavo Growers, Inc. (b)		235		8,361
Chiquita Brands International, Inc. (a)		950		11,827
Darling International, Inc. (a)		3,166		63,383
Dean Foods Co. (b)		1,966		30,394
Diamond Foods, Inc. (a)		480		16,766
Farmer Brothers Co. (a)		170		3,349
Flowers Foods, Inc.		3,481		74,667
Fresh Del Monte Produce, Inc.		798		22,001
Griffin Land & Nurseries, Inc. (b)		85		2,570
Hain Celestial Group, Inc. (a)		836		76,469
Hillshire Brands Co.		2,550		95,013
Ingredion, Inc.		1,586		107,975
Inventure Foods, Inc. (a)		325		4,543
J&J Snack Foods Corp.		320		30,710
John B Sanfilippo & Son, Inc.		155		3,568
Lancaster Colony Corp.		400		39,768
Lifeway Foods, Inc. (b)		75		1,103
Limoneira Co. (b)		245		5,557
Omega Protein Corp. (a)		395		4,768
Pilgrim’s Pride Corp. (a)		1,275		26,673
Pinnacle Foods, Inc.		720		21,499
Post Holdings, Inc. (a)		825		45,474
Sanderson Farms, Inc. (b)		475		37,283
Seaboard Corp. (a)		6		15,729
Seneca Foods Corp. (Class A) (a)		155		4,879
Snyders-Lance, Inc. (b)		945		26,640
Tootsie Roll Industries, Inc. (b)		407		12,181
TreeHouse Foods, Inc. (a)		705		50,753
WhiteWave Foods Co. (Class A) (a)		2,854		81,453

				1,253,165

GAS UTILITIES — 0.9%
Atmos Energy Corp.		1,888		88,981
Chesapeake Utilities Corp.		150		9,474
Delta Natural Gas Co., Inc. (b)		165		3,419
National Fuel Gas Co.		1,537		107,651
New Jersey Resources Corp. (b)		875		43,575
Northwest Natural Gas Co. (b)		555		24,425
ONE Gas, Inc. (a)		1,100		39,523
Piedmont Natural Gas Co., Inc.		1,537		54,394
Questar Corp.		3,600		85,608
South Jersey Industries, Inc. (b)		630		35,337
Southwest Gas Corp.		948		50,671
The Laclede Group, Inc.		625		29,469
UGI Corp.		2,382		108,643
WGL Holdings, Inc.		1,094		43,826

				724,996

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

HEALTH CARE EQUIPMENT & SUPPLIES — 2.4%
Abaxis, Inc. (a)(b)		480	$	18,662
ABIOMED, Inc. (a)(b)		793		20,650
Accuray, Inc. (a)(b)		1,603		15,389
Alere, Inc. (a)(b)		1,663		57,124
Align Technology, Inc. (a)		1,508		78,099
Alphatec Holdings, Inc. (a)		1,368		2,052
Analogic Corp.		235		19,296
AngioDynamics, Inc. (a)		568		8,946
Anika Therapeutics, Inc. (a)		235		9,659
Antares Pharma, Inc. (a)		2,391		8,369
ArthroCare Corp. (a)		550		26,505
AtriCure, Inc. (a)		488		9,179
Atrion Corp. (b)		32		9,796
Biolase, Inc. (a)(b)		638		1,538
Cantel Medical Corp.		624		21,041
Cardiovascular Systems, Inc. (a)		488		15,514
Cerus Corp. (a)		1,523		7,310
CONMED Corp.		550		23,898
CryoLife, Inc.		553		5,508
Cutera, Inc. (a)		320		3,581
Cyberonics, Inc. (a)(b)		548		35,757
Cynosure, Inc. (Class A) (a)		398		11,661
Derma Sciences, Inc. (a)		325		4,121
DexCom, Inc. (a)		1,418		58,648
Endologix, Inc. (a)(b)		1,363		17,542
Exactech, Inc. (a)		250		5,640
GenMark Diagnostics, Inc. (a)(b)		645		6,411
Globus Medical, Inc. (Class A) (a)		1,108		29,462
Greatbatch, Inc. (a)		470		21,582
Haemonetics Corp. (a)		1,025		33,405
HealthStream, Inc. (a)		388		10,360
HeartWare International, Inc. (a)(b)		313		29,353
Hill-Rom Holdings, Inc.		1,180		45,477
Hologic, Inc. (a)		5,515		118,573
ICU Medical, Inc. (a)		230		13,772
IDEXX Laboratories, Inc. (a)		1,112		134,997
Insulet Corp. (a)(b)		1,113		52,778
Integra LifeSciences Holdings Corp. (a)		493		22,673
Invacare Corp.		728		13,883
LDR Holding Corp. (a)		181		6,214
Masimo Corp. (a)(b)		1,038		28,348
Medical Action Industries, Inc. (a)		320		2,230
Meridian Bioscience, Inc. (b)		878		19,132
Merit Medical Systems, Inc. (a)(b)		871		12,455
Natus Medical, Inc. (a)		638		16,460
Neogen Corp. (a)		755		33,937
NuVasive, Inc. (a)		863		33,148
NxStage Medical, Inc. (a)		1,280		16,307
OraSure Technologies, Inc. (a)(b)		1,203		9,588
Orthofix International NV (a)		395		11,909
Oxford Immunotec Global PLC (a)		196		3,934
PhotoMedex, Inc. (a)(b)		325		5,145
Quidel Corp. (a)(b)		550		15,015
ResMed, Inc. (b)		2,957		132,148
Rockwell Medical, Inc. (a)(b)		790		10,001
RTI Surgical, Inc. (a)		1,198		4,888
Sirona Dental Systems, Inc. (a)(b)		1,119		83,556
Spectranetics Corp. (a)		883		26,764
Staar Surgical Co. (a)		803		15,096
STERIS Corp.		1,152		55,008
SurModics, Inc. (a)		318		7,187
Symmetry Medical, Inc. (a)		800		8,048
Tandem Diabetes Care, Inc. (a)(b)		200		4,418
TearLab Corp. (a)(b)		563		3,806
Teleflex, Inc.		885		94,907
The Cooper Cos., Inc.		1,008		138,459
Thoratec Corp. (a)		1,193		42,721
Tornier NV (a)		560		11,883
Unilife Corp. (a)(b)		1,908		7,766
Utah Medical Products, Inc. (b)		80		4,626
Vascular Solutions, Inc. (a)		310		8,119
Volcano Corp. (a)(b)		1,108		21,839
West Pharmaceutical Services, Inc.		1,430		62,992
Wright Medical Group, Inc. (a)		883		27,435
Zeltiq Aesthetics, Inc. (a)		405		7,942

				2,021,642

HEALTH CARE PROVIDERS & SERVICES — 3.0%
Acadia Healthcare Co., Inc. (a)(b)		710		32,035
Addus HomeCare Corp. (a)(b)		70		1,614
Air Methods Corp. (a)(b)		788		42,103
Alliance HealthCare Services, Inc. (a)		75		2,515
Almost Family, Inc. (a)		155		3,581
Amedisys, Inc. (a)(b)		630		9,381
AMN Healthcare Services, Inc. (a)		953		13,094
AmSurg Corp. (a)		628		29,566
athenahealth, Inc. (a)(b)		761		121,943
Bio-Reference Laboratories, Inc. (a)(b)		470		13,010
BioScrip, Inc. (a)(b)		1,288		8,990
Brookdale Senior Living, Inc. (a)		1,977		66,249
Capital Senior Living Corp. (a)		645		16,764
Catamaran Corp. (a)		4,196		187,813
Centene Corp. (a)		1,108		68,973
Chemed Corp. (b)		400		35,780
Chindex International, Inc. (a)(b)		235		4,484
Community Health Systems, Inc. (a)		2,320		90,874
Corvel Corp. (a)		240		11,942
Cross Country Healthcare, Inc. (a)		555		4,479
Emeritus Corp. (a)		885		27,824
Envision Healthcare Holdings, Inc. (a)		1,000		33,830
ExamWorks Group, Inc. (a)		638		22,336
Five Star Quality Care, Inc. (a)		870		4,228
Gentiva Health Services, Inc. (a)		633		5,773
Hanger, Inc. (a)		715		24,081
HCA Holdings, Inc. (a)		5,464		286,860
Health Net, Inc. (a)		1,656		56,321
HealthSouth Corp.		1,733		62,267
Healthways, Inc. (a)(b)		713		12,221
Henry Schein, Inc. (a)		1,798		214,627
HMS Holdings Corp. (a)(b)		1,866		35,547
IPC The Hospitalist Co. (a)		310		15,215
Kindred Healthcare, Inc.		1,110		25,996
Landauer, Inc. (b)		150		6,799
LHC Group, Inc. (a)		235		5,184
LifePoint Hospitals, Inc. (a)		1,004		54,768
Magellan Health Services, Inc. (a)		555		32,939
MEDNAX, Inc. (a)		2,064		127,927
Molina Healthcare, Inc. (a)(b)		548		20,583
MWI Veterinary Supply, Inc. (a)		284		44,196
National Healthcare Corp. (b)		241		13,441

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

National Research Corp. (Class A) (a)(b)		248	$	4,114
Omnicare, Inc.		2,136		127,455
Owens & Minor, Inc. (b)		1,247		43,682
PharMerica Corp. (a)		640		17,907
Premier, Inc. (Class A) (a)		700		23,065
Select Medical Holdings Corp.		1,040		12,948
Skilled Healthcare Group, Inc. (Class A) (a)		395		2,082
Surgical Care Affiliates, Inc. (a)(b)		200		6,150
Team Health Holdings, Inc. (a)		1,359		60,815
The Ensign Group, Inc.		395		17,238
The Providence Service Corp. (a)		245		6,929
Triple-S Management Corp. (Class B) (a)		473		7,634
Universal American Corp.		795		5,621
Universal Health Services, Inc. (Class B)		1,888		154,948
US Physical Therapy, Inc.		235		8,124
USMD Holdings, Inc. (a)(b)		24		306
VCA Antech, Inc. (a)		1,821		58,691
WellCare Health Plans, Inc. (a)		871		55,326

				2,511,188

HEALTH CARE TECHNOLOGY — 0.3%
Allscripts Healthcare Solutions, Inc. (a)(b)		3,646		65,737
Computer Programs and Systems, Inc.		240		15,504
MedAssets, Inc. (a)		1,273		31,456
Medidata Solutions, Inc. (a)(b)		1,116		60,644
Merge Healthcare, Inc. (a)(b)		1,350		3,294
Omnicell, Inc. (a)		715		20,463
Veeva Systems, Inc. (Class A) (a)(b)		300		8,010
Vocera Communications, Inc. (a)(b)		483		7,887

				212,995

HOTELS, RESTAURANTS & LEISURE — 3.3%
ARAMARK Holdings Corp.		900		26,028
Bally Technologies, Inc. (a)		794		52,618
Biglari Holdings, Inc. (a)		30		14,625
BJ’s Restaurants, Inc. (a)(b)		468		15,308
Bloomin’ Brands, Inc. (a)		1,203		28,992
Bob Evans Farms, Inc. (b)		550		27,516
Boyd Gaming Corp. (a)(b)		1,498		19,774
Bravo Brio Restaurant Group, Inc. (a)		395		5,573
Brinker International, Inc. (b)		1,341		70,335
Buffalo Wild Wings, Inc. (a)		400		59,560
Burger King Worldwide, Inc.		2,041		54,189
Caesars Entertainment Corp. (a)		798		15,170
Carrols Restaurant Group, Inc. (a)(b)		473		3,391
Choice Hotels International, Inc. (b)		547		25,162
Churchill Downs, Inc.		325		29,672
Chuy’s Holdings, Inc. (a)(b)		313		13,503
ClubCorp Holdings, Inc.		400		7,560
Cracker Barrel Old Country Store, Inc.		395		38,410
Del Frisco’s Restaurant Group, Inc. (a)(b)		243		6,780
Denny’s Corp. (a)		1,908		12,268
Diamond Resorts International, Inc. (a)		400		6,780
DineEquity, Inc.		310		24,202
Diversified Restaurant Holdings, Inc. (a)(b)		243		1,215
Domino’s Pizza, Inc.		1,198		92,210
Dunkin’ Brands Group, Inc. (b)		2,164		108,590
Einstein Noah Restaurant Group, Inc.		165		2,716
Fiesta Restaurant Group, Inc. (a)		497		22,658
Hilton Worldwide Holdings, Inc. (a)		2,800		62,272
Hyatt Hotels Corp. (Class A) (a)(b)		954		51,335
Ignite Restaurant Group, Inc. (a)(b)		160		2,251
International Speedway Corp. (Class A)		550		18,695
Interval Leisure Group, Inc.		790		20,651
Intrawest Resorts Holdings, Inc. (a)		400		5,216
Isle of Capri Casinos, Inc. (a)		485		3,720
Jack in the Box, Inc. (a)		847		49,922
Jamba, Inc. (a)(b)		310		3,718
Krispy Kreme Doughnuts, Inc. (a)(b)		1,348		23,900
Las Vegas Sands Corp.		7,979		644,544
Life Time Fitness, Inc. (a)(b)		870		41,847
Luby’s, Inc. (a)		393		2,421
Marcus Corp.		400		6,680
Marriott Vacations Worldwide Corp. (a)		545		30,471
MGM Resorts International (a)		7,590		196,277
Monarch Casino & Resort, Inc. (a)		155		2,872
Morgans Hotel Group Co. (a)(b)		558		4,486
Multimedia Games Holding Co., Inc. (a)(b)		645		18,731
Nathan’s Famous, Inc. (a)(b)		85		4,164
Noodles & Co. (a)(b)		100		3,947
Norwegian Cruise Line Holdings, Ltd. (a)		555		17,910
Orient-Express Hotels, Ltd. (Class A) (a)		1,888		27,206
Panera Bread Co. (Class A) (a)(b)		572		100,941
Papa John’s International, Inc.		630		32,829
Penn National Gaming, Inc. (a)		1,479		18,221
Pinnacle Entertainment, Inc. (a)		1,188		28,156
Popeyes Louisiana Kitchen, Inc. (a)		468		19,020
Potbelly Corp. (a)(b)		200		3,574
Red Robin Gourmet Burgers, Inc. (a)		325		23,296
Royal Caribbean Cruises, Ltd.		3,321		181,194
Ruby Tuesday, Inc. (a)(b)		1,273		7,142
Ruth’s Hospitality Group, Inc.		808		9,769
Scientific Games Corp. (Class A) (a)		1,043		14,320
SeaWorld Entertainment, Inc.		679		20,526
Six Flags Entertainment Corp. (b)		1,355		54,403
Sonic Corp. (a)		1,198		27,302
Speedway Motorsports, Inc.		238		4,458
Texas Roadhouse, Inc.		1,265		32,991
The Cheesecake Factory, Inc. (b)		1,113		53,012
The Wendy’s Co. (b)		5,213		47,543
Town Sports International Holdings, Inc.		470		3,990
Vail Resorts, Inc. (b)		708		49,348

				2,760,076

HOUSEHOLD DURABLES — 1.1%
Bassett Furniture Industries, Inc.		240		3,564
Beazer Homes USA, Inc. (a)(b)		565		11,345
Blyth, Inc. (b)		150		1,610
Cavco Industries, Inc. (a)		163		12,787
CSS Industries, Inc.		155		4,185
Ethan Allen Interiors, Inc.		563		14,328

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

EveryWare Global, Inc. (a)(b)		248	$	1,131
Flexsteel Industries, Inc. (b)		75		2,822
Helen of Troy, Ltd. (a)		630		43,615
Hooker Furniture Corp. (b)		243		3,805
Hovnanian Enterprises, Inc. (Class A) (a)(b)		2,393		11,319
Installed Building Products, Inc. (a)		200		2,790
iRobot Corp. (a)(b)		550		22,577
Jarden Corp. (a)		2,655		158,849
KB Home (b)		1,753		29,783
La-Z-Boy, Inc.		1,120		30,352
LGI Homes, Inc. (a)		200		3,450
Libbey, Inc. (a)(b)		488		12,688
Lifetime Brands, Inc.		245		4,376
M.D.C. Holdings, Inc. (b)		790		22,341
M/I Homes, Inc. (a)		570		12,779
Meritage Homes Corp. (a)		834		34,928
NACCO Industries, Inc. (Class A)		75		4,066
NVR, Inc. (a)		96		110,112
Skullcandy, Inc. (a)(b)		405		3,718
Standard Pacific Corp. (a)(b)		3,106		25,811
Taylor Morrison Home Corp. (Class A) (a)		672		15,792
Tempur Sealy International, Inc. (a)		1,206		61,108
The New Home Co., Inc. (a)		200		2,848
The Ryland Group, Inc. (b)		953		38,053
Toll Brothers, Inc. (a)		3,621		129,994
TRI Pointe Homes, Inc. (a)		320		5,194
Tupperware Brands Corp. (b)		1,092		91,466
UCP, Inc. (Class A) (a)		200		3,012
Universal Electronics, Inc. (a)		320		12,285
WCI Communities, Inc. (a)(b)		100		1,976
William Lyon Homes (Class A) (a)(b)		325		8,973
Zagg, Inc. (a)		635		2,934

				962,766

HOUSEHOLD PRODUCTS — 0.5%
Central Garden & Pet Co. (Class A) (a)(b)		875		7,236
Church & Dwight Co., Inc.		2,856		197,264
Energizer Holdings, Inc.		1,283		129,249
Harbinger Group, Inc. (a)		723		8,842
Oil-Dri Corp. of America (b)		75		2,591
Orchids Paper Products Co.		170		5,202
Spectrum Brands Holdings, Inc.		485		38,654
WD-40 Co.		315		24,435

				413,473

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.3%
Atlantic Power Corp. (b)		2,558		7,418
Calpine Corp. (a)		7,480		156,407
Dynegy, Inc. (a)		2,063		51,451
Ormat Technologies, Inc.		405		12,154
Pattern Energy Group, Inc.		400		10,852

				238,282

INDUSTRIAL CONGLOMERATES — 0.2%
Carlisle Cos., Inc.		1,350		107,109
Raven Industries, Inc. (b)		705		23,089

				130,198

INSURANCE — 4.1%
Alleghany Corp. (a)		343		139,731
Allied World Assurance Company Holdings, Ltd.		711		73,368
Ambac Financial Group, Inc. (a)(b)		958		29,727
American Equity Investment Life Holding Co. (b)		1,358		32,076
American Financial Group, Inc.		1,583		91,355
American National Insurance Co.		179		20,236
AMERISAFE, Inc.		400		17,564
Amtrust Financial Services, Inc. (b)		614		23,093
Arch Capital Group, Ltd. (a)		2,770		159,386
Argo Group International Holdings, Ltd.		555		25,474
Arthur J. Gallagher & Co.		2,559		121,757
Aspen Insurance Holdings, Ltd.		1,316		52,245
Assured Guaranty, Ltd.		3,451		87,379
Axis Capital Holdings, Ltd.		2,263		103,759
Baldwin & Lyons, Inc. (Class B)		150		3,943
Blue Capital Reinsurance Holdings, Ltd. (a)		100		1,739
Brown & Brown, Inc.		2,355		72,440
Citizens, Inc. (a)(b)		968		7,163
CNA Financial Corp.		560		23,923
CNO Financial Group, Inc.		4,504		81,522
Crawford & Co. (Class B) (b)		560		6,110
Donegal Group, Inc. (Class A)		160		2,333
eHealth, Inc. (a)		395		20,066
EMC Insurance Group, Inc.		75		2,665
Employers Holdings, Inc.		635		12,846
Endurance Specialty Holdings, Ltd.		870		46,832
Enstar Group, Ltd. (a)		202		27,535
Erie Indemnity Co. (Class A)		489		34,113
Everest Re Group, Ltd.		933		142,796
FBL Financial Group, Inc. (Class A)		153		6,628
Fidelity & Guaranty Life		200		4,720
Fidelity National Financial, Inc. (Class A)		5,640		177,322
First American Financial Corp.		2,153		57,162
Fortegra Financial Corp. (a)(b)		136		956
Global Indemnity PLC (a)		150		3,951
Greenlight Capital Re, Ltd. (Class A) (a)		550		18,040
Hallmark Financial Services, Inc. (a)(b)		325		2,701
HCC Insurance Holdings, Inc.		2,105		95,756
HCI Group, Inc. (b)		150		5,460
Health Insurance Innovations, Inc. (Class A) (a)(b)		98		1,013
Hilltop Holdings, Inc. (a)		1,268		30,166
Horace Mann Educators Corp.		788		22,852
Independence Holding Co. (b)		158		2,120
Infinity Property & Casualty Corp.		240		16,231
Investors Title Co. (b)		30		2,277
Kansas City Life Insurance Co. (b)		80		3,856
Kemper Corp.		945		37,016
Maiden Holdings, Ltd. (b)		1,033		12,892
Markel Corp. (a)		281		167,504
MBIA, Inc. (a)		3,039		42,516
Meadowbrook Insurance Group, Inc. (b)		1,033		6,022

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Mercury General Corp.		571	$	25,741
Montpelier Re Holdings, Ltd. (b)		853		25,385
National Interstate Corp. (b)		165		4,424
National Western Life Insurance Co. (Class A)		47		11,491
Old Republic International Corp.		5,326		87,346
OneBeacon Insurance Group, Ltd. (Class A)		480		7,421
PartnerRe, Ltd.		1,120		115,920
Platinum Underwriters Holdings, Ltd.		534		32,093
Primerica, Inc.		1,195		56,296
ProAssurance Corp.		1,272		56,642
Protective Life Corp.		1,620		85,196
Reinsurance Group of America, Inc.		1,457		116,021
RenaissanceRe Holdings, Ltd. (b)		903		88,133
RLI Corp.		870		38,489
Safety Insurance Group, Inc.		230		12,385
Selective Insurance Group, Inc.		1,103		25,722
StanCorp Financial Group, Inc.		937		62,592
State Auto Financial Corp.		320		6,819
Stewart Information Services Corp. (b)		485		17,038
Symetra Financial Corp.		1,663		32,961
The Hanover Insurance Group, Inc.		865		53,146
The Navigators Group, Inc. (a)		245		15,041
The Phoenix Cos., Inc. (a)		70		3,623
Third Point Reinsurance, Ltd. (a)		500		7,925
Tower Group International, Ltd.		1,193		3,221
United Fire Group, Inc.		390		11,836
Universal Insurance Holdings, Inc.		643		8,166
Validus Holdings, Ltd.		1,885		71,083
W.R. Berkley Corp.		2,060		85,737
White Mountains Insurance Group, Ltd.		128		76,787

				3,425,017

INTERNET & CATALOG RETAIL — 0.8%
1-800-FLOWERS.COM, Inc. (Class A) (a)		560		3,153
Blue Nile, Inc. (a)(b)		235		8,178
FTD Cos., Inc. (a)(b)		400		12,724
Groupon, Inc. (a)(b)		8,589		67,338
HomeAway, Inc. (a)		1,216		45,807
HSN, Inc.		645		38,526
Liberty Interactive Corp. (Class A) (a)		10,258		296,148
Liberty Ventures, (Series A) (a)		763		99,442
NutriSystem, Inc.		645		9,720
Orbitz Worldwide, Inc. (a)		470		3,685
Overstock.com, Inc. (a)		240		4,728
PetMed Express, Inc. (b)		391		5,243
RetailMeNot, Inc. (a)		200		6,400
Shutterfly, Inc. (a)(b)		795		33,931
ValueVision Media, Inc. (Class A) (a)		790		3,839
Vitacost.com, Inc. (a)(b)		481		3,410
zulily, Inc. (Class A) (a)(b)		300		15,057

				657,329

INTERNET SOFTWARE & SERVICES — 2.3%
Angie’s List, Inc. (a)(b)		873		10,633
AOL, Inc. (a)		1,607		70,338
Bankrate, Inc. (a)		953		16,144
Bazaarvoice, Inc. (a)		1,043		7,614
Benefitfocus, Inc. (a)(b)		100		4,697
Blucora, Inc. (a)(b)		880		17,327
Brightcove, Inc. (a)		550		5,407
Carbonite, Inc. (a)(b)		235		2,395
Care.com, Inc. (a)		100		1,655
ChannelAdvisor Corp. (a)(b)		170		6,416
Chegg, Inc. (a)		300		2,100
comScore, Inc. (a)		708		23,215
Constant Contact, Inc. (a)		635		15,532
Conversant, Inc. (a)(b)		1,393		39,213
Cornerstone OnDemand, Inc. (a)(b)		783		37,482
CoStar Group, Inc. (a)		587		109,616
Cvent, Inc. (a)(b)		100		3,615
Dealertrack Technologies, Inc. (a)		866		42,599
Demand Media, Inc. (a)(b)		805		3,904
Demandware, Inc. (a)		415		26,585
Dice Holdings, Inc. (a)(b)		883		6,587
Digital River, Inc. (a)		710		12,375
E2open, Inc. (a)		320		7,542
EarthLink Holdings Corp.		2,148		7,754
eGain Corp. (a)(b)		230		1,624
Endurance International Group Holdings, Inc. (a)(b)		400		5,204
Envestnet, Inc. (a)		480		19,286
Equinix, Inc. (a)(b)		1,019		188,352
Global Eagle Entertainment, Inc. (a)		485		7,653
Gogo, Inc. (a)(b)		200		4,108
IAC/InterActiveCorp.		1,514		108,085
Internap Network Services Corp. (a)(b)		1,113		7,880
IntraLinks Holdings, Inc. (a)		795		8,133
j2 Global, Inc. (b)		953		47,698
Limelight Networks, Inc. (a)		1,113		2,426
LinkedIn Corp. (Class A) (a)		1,978		365,811
Liquidity Services, Inc. (a)(b)		565		14,718
LivePerson, Inc. (a)(b)		1,205		14,544
LogMeIn, Inc. (a)(b)		470		21,098
Marchex, Inc. (Class B)		480		5,045
Marin Software, Inc. (a)(b)		150		1,586
Marketo, Inc. (a)(b)		163		5,325
Millennial Media, Inc. (a)(b)		710		4,913
Monster Worldwide, Inc. (a)		2,071		15,491
Move, Inc. (a)		885		10,231
Net Element International, Inc. (a)(b)		49		170
NIC, Inc.		1,353		26,127
OpenTable, Inc. (a)		478		36,773
Pandora Media, Inc. (a)		2,908		88,171
Perficient, Inc. (a)		720		13,046
QuinStreet, Inc. (a)		628		4,170
Rackspace Hosting, Inc. (a)(b)		2,293		75,256
RealNetworks, Inc. (a)		480		3,638
Reis, Inc. (a)(b)		155		2,798
Rocket Fuel, Inc. (a)(b)		100		4,288
SciQuest, Inc. (a)(b)		478		12,913
Shutterstock, Inc. (a)(b)		160		11,618
Spark Networks, Inc. (a)(b)		405		2,118
SPS Commerce, Inc. (a)		320		19,664
Stamps.com, Inc. (a)		230		7,719
support.com, Inc. (a)		1,030		2,627
TechTarget, Inc. (a)(b)		302		2,177
Textura Corp. (a)(b)		100		2,521
Travelzoo, Inc. (a)(b)		158		3,618

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Trulia, Inc. (a)(b)		543	$	18,028
Twitter, Inc. (a)(b)		1,700		79,339
United Online, Inc.		286		3,306
Unwired Planet, Inc. (a)(b)		1,908		4,140
VistaPrint NV (a)		625		30,763
Vocus, Inc. (a)(b)		400		5,332
Web.com Group, Inc. (a)		875		29,776
WebMD Health Corp. (a)(b)		608		25,171
Wix.com, Ltd. (a)		200		4,594
XO Group, Inc. (a)		555		5,628
Xoom Corp. (a)		160		3,123
Yelp, Inc. (a)		640		49,235
Zillow, Inc. (Class A) (a)(b)		490		43,169
Zix Corp. (a)(b)		1,268		5,250

				1,966,222

IT SERVICES — 2.3%
Acxiom Corp. (a)		1,503		51,696
Amdocs, Ltd.		3,352		155,734
Blackhawk Network Holdings, Inc. (a)(b)		240		5,854
Booz Allen Hamilton Holding Corp.		675		14,850
Broadridge Financial Solutions, Inc.		2,431		90,287
CACI International, Inc. (Class A) (a)(b)		475		35,055
Cardtronics, Inc. (a)		860		33,411
Cass Information Systems, Inc.		245		12,632
CIBER, Inc. (a)		1,600		7,328
Computer Task Group, Inc. (b)		315		5,352
Convergys Corp.		2,138		46,844
CoreLogic, Inc. (a)		1,988		59,720
CSG Systems International, Inc.		718		18,697
Datalink Corp. (a)(b)		315		4,388
DST Systems, Inc.		652		61,803
EPAM Systems, Inc. (a)		483		15,891
Euronet Worldwide, Inc. (a)		1,033		42,962
EVERTEC, Inc.		638		15,759
ExlService Holdings, Inc. (a)		725		22,410
FleetCor Technologies, Inc. (a)		1,396		160,680
Forrester Research, Inc.		233		8,353
Gartner, Inc. (a)		1,910		132,630
Genpact, Ltd. (a)		3,435		59,838
Global Cash Access Holdings, Inc. (a)		1,445		9,913
Global Payments, Inc.		1,450		103,110
Heartland Payment Systems, Inc.		705		29,222
Higher One Holdings, Inc. (a)		628		4,540
iGate Corp. (a)		713		22,488
Jack Henry & Associates, Inc.		1,734		96,688
Leidos Holdings, Inc. (b)		1,500		53,055
Lionbridge Technologies, Inc. (a)		1,288		8,642
Luxoft Holding, Inc. (a)		100		3,507
ManTech International Corp. (Class A) (b)		473		13,911
MAXIMUS, Inc.		1,433		64,284
ModusLink Global Solutions, Inc. (a)(b)		798		3,376
MoneyGram International, Inc. (a)		485		8,560
NeuStar, Inc. (Class A) (a)(b)		1,261		40,995
Planet Payment, Inc. (a)		873		2,392
PRGX Global, Inc. (a)		645		4,470
Sapient Corp. (a)		2,308		39,374
Science Applications International Corp.		814		30,435
ServiceSource International, Inc. (a)		1,273		10,744
Sykes Enterprises, Inc. (a)		790		15,697
Syntel, Inc. (a)		352		31,645
TeleTech Holdings, Inc. (a)		395		9,681
The Hackett Group, Inc.		560		3,349
Unisys Corp. (a)		863		26,287
Vantiv, Inc. (a)		1,779		53,761
VeriFone Systems, Inc. (a)		2,188		73,998
Virtusa Corp. (a)		390		13,069
WEX, Inc. (a)		793		75,375

				1,914,742

LEISURE PRODUCTS — 0.4%
Arctic Cat, Inc.		230		10,992
Black Diamond, Inc. (a)(b)		480		5,870
Brunswick Corp.		1,813		82,111
Callaway Golf Co. (b)		1,518		15,514
JAKKS Pacific, Inc. (b)		395		2,852
Johnson Outdoors, Inc. (Class A)		75		1,906
Leapfrog Enterprises, Inc. (a)		1,358		10,185
Malibu Boats, Inc. (Class A) (a)		200		4,444
Marine Products Corp.		245		1,842
Nautilus, Inc. (a)		635		6,115
Polaris Industries, Inc.		1,315		183,719
Smith & Wesson Holding Corp. (a)(b)		1,066		15,585
Sturm Ruger & Co, Inc. (b)		395		23,621

				364,756

LIFE SCIENCES TOOLS & SERVICES — 1.2%
Accelerate Diagnostics, Inc. (a)(b)		245		5,343
Affymetrix, Inc. (a)(b)		1,518		10,823
Albany Molecular Research, Inc. (a)(b)		475		8,830
Bio-Rad Laboratories, Inc. (Class A) (a)		421		53,938
Bruker Corp. (a)		2,238		51,004
Cambrex Corp. (a)		640		12,077
Charles River Laboratories International, Inc. (a)		1,038		62,633
Covance, Inc. (a)		1,122		116,576
Fluidigm Corp. (a)(b)		565		24,900
Furiex Pharmaceuticals, Inc. (a)		165		14,355
Harvard Bioscience, Inc. (a)(b)		563		2,669
Illumina, Inc. (a)(b)		2,563		381,016
Luminex Corp. (a)(b)		800		14,488
NeoGenomics, Inc. (a)(b)		725		2,516
Pacific Biosciences of California, Inc. (a)(b)		960		5,136
PAREXEL International Corp. (a)		1,195		64,638
Qiagen NV (a)		4,746		100,093
Quintiles Transnational Holdings, Inc. (a)		577		29,294
Sequenom, Inc. (a)(b)		2,483		6,083
Techne Corp.		725		61,893

				1,028,305

MACHINERY — 3.9%
Accuride Corp. (a)(b)		885		3,921
Actuant Corp. (Class A)		1,508		51,498
AGCO Corp.		2,035		112,251

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Alamo Group, Inc.		160	$	8,693
Albany International Corp. (Class A)		550		19,547
Altra Industrial Motion Corp.		555		19,814
American Railcar Industries, Inc.		150		10,505
Ampco-Pittsburgh Corp.		155		2,925
Astec Industries, Inc.		390		17,125
Barnes Group, Inc.		1,113		42,817
Blount International, Inc. (a)		1,035		12,317
Briggs & Stratton Corp. (b)		1,041		23,162
Chart Industries, Inc. (a)(b)		638		50,753
CIRCOR International, Inc.		405		29,699
CLARCOR, Inc.		1,034		59,300
Colfax Corp. (a)		2,153		153,573
Columbus McKinnon Corp. (a)		395		10,582
Commercial Vehicle Group, Inc. (a)(b)		470		4,286
Crane Co.		962		68,446
Donaldson Co., Inc.		2,955		125,292
Douglas Dynamics, Inc.		480		8,362
Dynamic Materials Corp.		325		6,188
Energy Recovery, Inc. (a)(b)		963		5,123
EnPro Industries, Inc. (a)		388		28,196
ESCO Technologies, Inc.		558		19,636
Federal Signal Corp. (a)		1,365		20,338
Freightcar America, Inc.		235		5,461
Global Brass & Copper Holdings, Inc.		155		2,444
Graco, Inc.		1,251		93,500
Graham Corp.		245		7,803
Hardinge, Inc.		235		3,384
Harsco Corp.		1,668		39,081
Hurco Cos., Inc.		165		4,402
Hyster-Yale Materials Handling, Inc.		245		23,887
IDEX Corp.		1,684		122,747
ITT Corp.		1,818		77,738
John Bean Technologies Corp.		645		19,931
Kadant, Inc.		240		8,753
Kennametal, Inc. (b)		1,559		69,064
L.B. Foster Co. (Class A)		245		11,478
Lincoln Electric Holdings, Inc.		1,697		122,201
Lindsay Corp. (b)		282		24,867
Lydall, Inc. (a)		410		9,377
Manitex International, Inc. (a)(b)		235		3,831
Meritor, Inc. (a)		2,078		25,455
Middleby Corp. (a)		384		101,457
Miller Industries, Inc.		240		4,687
Mueller Industries, Inc.		1,100		32,989
Mueller Water Products, Inc. (Class A)		3,351		31,834
Navistar International Corp. (a)(b)		1,100		37,257
NN, Inc.		410		8,077
Nordson Corp.		1,355		95,514
Omega Flex, Inc. (b)		58		1,244
Oshkosh Corp.		1,764		103,847
PMFG, Inc. (a)(b)		488		2,913
Proto Labs, Inc. (a)(b)		372		25,173
RBC Bearings, Inc. (a)		475		30,257
Rexnord Corp. (a)		638		18,489
SPX Corp.		962		94,574
Standex International Corp.		230		12,323
Sun Hydraulics Corp. (b)		385		16,674
Tecumseh Products Co. (Class A) (a)		400		2,760
Tennant Co.		400		26,248
Terex Corp.		2,306		102,156
The Exone Co. (a)(b)		165		5,912
The Gorman-Rupp Co. (b)		400		12,716
The Greenbrier Cos., Inc. (a)(b)		470		21,432
The Manitowoc Co., Inc.		2,716		85,418
The Toro Co.		1,152		72,795
Timken Co.		1,737		102,101
Titan International, Inc. (b)		1,113		21,136
TriMas Corp. (a)		888		29,482
Trinity Industries, Inc.		1,581		113,943
Twin Disc, Inc. (b)		155		4,083
Valmont Industries, Inc. (b)		555		82,606
Wabash National Corp. (a)(b)		1,433		19,718
WABCO Holdings, Inc. (a)		1,220		128,783
Wabtec Corp.		1,983		153,682
Watts Water Technologies, Inc. (Class A)		543		31,869
Woodward, Inc.		1,406		58,391
Xerium Technologies, Inc. (a)		240		3,852

				3,286,145

MARINE — 0.2%
International Shipholding Corp.		170		5,005
Kirby Corp. (a)		1,193		120,791
Matson, Inc.		870		21,480
Scorpio Bulkers, Inc. (a)		2,700		27,297
Ultrapetrol Bahamas, Ltd. (a)		455		1,411

				175,984

MEDIA — 3.4%
AH Belo Corp. (Class A)		400		4,632
AMC Entertainment Holdings, Inc. (Class A) (a)		400		9,700
AMC Networks, Inc. (Class A) (a)		1,223		89,389
Beasley Broadcasting Group, Inc. (Class A) (b)		92		837
Carmike Cinemas, Inc. (a)		505		15,079
Central European Media Enterprises, Ltd. (Class A) (a)(b)(d)		1,588		4,669
Central European Media Enterprises, Ltd. (Class A) (a)(d)		26		0
Charter Communications, Inc. (Class A) (a)		1,345		165,704
Cinemark Holdings, Inc.		2,383		69,131
Clear Channel Outdoor Holdings, Inc. (Class A)		927		8,445
Crown Media Holdings, Inc. (Class A) (a)(b)		715		2,746
Cumulus Media, Inc. (Class A) (a)		1,993		13,772
Daily Journal Corp. (a)(b)		19		3,286
Dex Media, Inc. (a)(b)		410		3,772
DISH Network Corp. (Class A) (a)		4,281		266,321
DreamWorks Animation SKG, Inc. (Class A) (a)(b)		1,503		39,905
Entercom Communications Corp. (Class A) (a)		470		4,733
Entravision Communications Corp. (Class A)		1,205		8,073
Global Sources, Ltd. (a)(b)		400		3,584
Gray Television, Inc. (a)		1,030		10,681
Harte-Hanks, Inc.		870		7,691
Hemisphere Media Group, Inc. (a)(b)		155		1,951

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

John Wiley & Sons, Inc. (Class A) (b)		914	$	52,683
Journal Communications, Inc. (Class A) (a)		963		8,532
Lamar Advertising Co. (Class A) (a)		1,617		82,451
Liberty Global PLC (Class A) (a)		7,996		332,634
Liberty Global PLC, (Series C) (a)		7,996		325,517
Liberty Media Corp. (Class A) (a)		2,001		261,591
Lions Gate Entertainment Corp. (b)		1,668		44,586
Live Nation Entertainment, Inc. (a)		2,846		61,900
Loral Space & Communications, Inc. (a)		289		20,441
Martha Stewart Living Omnimedia, Inc. (Class A) (a)		620		2,809
MDC Partners, Inc. (Class A)		747		17,046
Media General, Inc. (Class A) (a)(b)		395		7,256
Meredith Corp.		708		32,872
Morningstar, Inc. (b)		446		35,243
National CineMedia, Inc.		1,195		17,925
Nexstar Broadcasting Group, Inc. (Class A) (b)		543		20,373
ReachLocal, Inc. (a)(b)		245		2,413
Reading International, Inc. (Class A) (a)(b)		405		2,969
Regal Entertainment Group (Class A) (b)		1,747		32,634
Rentrak Corp. (a)		245		14,769
Saga Communications, Inc. (Class A) (b)		100		4,969
Salem Communications Corp. (Class A) (b)		245		2,447
Scholastic Corp. (b)		558		19,240
SFX Entertainment, Inc. (a)(b)		500		3,525
Sinclair Broadcast Group, Inc. (Class A) (b)		1,433		38,820
Sirius XM Holdings, Inc. (a)(b)		62,940		201,408
Sizmek, Inc. (a)		470		4,996
Starz (Class A) (a)		2,178		70,306
The E.W. Scripps Co. (Class A) (a)		633		11,217
The Madison Square Garden Co. (Class A) (a)		1,262		71,656
The McClatchy Co. (Class A) (a)		1,273		8,173
The New York Times Co. (Class A) (b)		2,708		46,361
Thomson Reuters Corp. (b)		7,634		261,083
World Wrestling Entertainment, Inc. (Class A)		645		18,628

				2,873,574

METALS & MINING — 1.2%
A.M. Castle & Co. (a)(b)		405		5,949
AK Steel Holding Corp. (a)(b)		2,866		20,693
Allied Nevada Gold Corp. (a)(b)		2,217		9,555
AMCOL International Corp.		550		25,179
Carpenter Technology Corp. (b)		998		65,908
Century Aluminum Co. (a)(b)		1,125		14,861
Coeur Mines, Inc. (a)		2,129		19,778
Commercial Metals Co.		2,473		46,690
Compass Minerals International, Inc.		684		56,444
General Moly, Inc. (a)(b)		1,193		1,181
Globe Specialty Metals, Inc.		1,353		28,170
Gold Resource Corp. (b)		723		3,456
Handy & Harman, Ltd. (a)		70		1,541
Haynes International, Inc.		235		12,690
Hecla Mining Co. (b)		7,112		21,834
Horsehead Holding Corp. (a)(b)		963		16,198
Kaiser Aluminum Corp. (b)		400		28,568
Materion Corp.		390		13,233
Midway Gold Corp. (a)		2,398		2,518
Molycorp, Inc. (a)(b)		2,931		13,746
Noranda Aluminium Holding Corp.		720		2,959
Olympic Steel, Inc. (b)		150		4,305
Paramount Gold and Silver Corp. (a)(b)		2,961		3,642
Reliance Steel & Aluminum Co.		1,547		109,311
Royal Gold, Inc. (b)		1,313		82,220
RTI International Metals, Inc. (a)		631		17,529
Schnitzer Steel Industries, Inc. (Class A) (b)		558		16,098
Southern Copper Corp. (b)		3,251		94,637
Steel Dynamics, Inc.		4,476		79,628
Stillwater Mining Co. (a)(b)		2,468		36,551
SunCoke Energy, Inc. (a)		1,425		32,547
Tahoe Resources, Inc. (a)(b)		1,743		36,865
Universal Stainless & Alloy Products, Inc. (a)(b)		165		5,572
US Silica Holdings, Inc.		485		18,512
Walter Energy, Inc. (b)		1,358		10,267
Worthington Industries, Inc.		1,113		42,572

				1,001,407

MULTI-UTILITIES — 0.5%
Alliant Energy Corp.		2,289		130,038
Avista Corp. (b)		1,278		39,171
Black Hills Corp.		945		54,479
MDU Resources Group, Inc.		3,804		130,515
NorthWestern Corp. (b)		793		37,612
Vectren Corp.		1,670		65,782

				457,597

MULTILINE RETAIL — 0.3%
Big Lots, Inc. (a)		1,188		44,990
Burlington Stores, Inc. (a)		300		8,856
Dillard’s, Inc. (Class A) (b)		604		55,810
Fred’s, Inc. (Class A)		803		14,462
Gordmans Stores, Inc. (b)		153		835
J.C. Penney Co., Inc. (a)(b)		4,788		41,273
Sears Holdings Corp. (a)(b)		868		41,456
The Bon-Ton Stores, Inc. (b)		328		3,601
Tuesday Morning Corp. (a)		870		12,310

				223,593

OIL, GAS & CONSUMABLE FUELS — 4.3%
Abraxas Petroleum Corp. (a)		1,758		6,962
Alon USA Energy, Inc.		475		7,097
Alpha Natural Resources, Inc. (a)(b)		4,716		20,043
Amyris, Inc. (a)(b)		560		2,089
Antero Resources Corp. (a)		800		50,080
Apco Oil and Gas International, Inc. (a)		150		2,168
Approach Resources, Inc. (a)(b)		713		14,909
Arch Coal, Inc. (b)		4,561		21,984
Athlon Energy, Inc. (a)		400		14,180
Bill Barrett Corp. (a)		1,038		26,573
Bonanza Creek Energy, Inc. (a)		543		24,109

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

BPZ Resources, Inc. (a)(b)		2,468	$	7,848
Callon Petroleum Co. (a)		885		7,407
Carrizo Oil & Gas, Inc. (a)		883		47,205
Cheniere Energy, Inc. (a)		4,936		273,208
Cimarex Energy Co.		1,803		214,755
Clayton Williams Energy, Inc. (a)(b)		170		19,212
Clean Energy Fuels Corp. (a)(b)		1,435		12,829
Cloud Peak Energy, Inc. (a)		1,273		26,911
Cobalt International Energy, Inc. (a)		5,624		103,032
Comstock Resources, Inc. (b)		1,040		23,764
Concho Resources, Inc. (a)		2,138		261,905
Contango Oil & Gas Co. (a)		268		12,794
Continental Resources, Inc. (a)(b)		870		108,115
CVR Energy, Inc. (b)		264		11,154
Delek US Holdings, Inc.		800		23,232
Diamondback Energy, Inc. (a)		405		27,261
Emerald Oil, Inc. (a)(b)		1,305		8,770
Endeavour International Corp. (a)(b)		1,048		3,406
Energen Corp.		1,487		120,165
Energy XXI Bermuda, Ltd. (b)		1,573		37,076
EP Energy Corp. (Class A) (a)		700		13,699
EPL Oil & Gas, Inc. (a)		640		24,704
Equal Energy, Ltd.		710		3,252
Evolution Petroleum Corp.		410		5,219
EXCO Resources, Inc. (b)		3,591		20,110
Forest Oil Corp. (a)(b)		2,556		4,882
Frontline, Ltd. (a)		1,123		4,413
FX Energy, Inc. (a)(b)		1,113		3,717
GasLog, Ltd.		563		13,112
Gastar Exploration, Inc. (a)		1,282		7,013
Golar LNG, Ltd. (b)		865		36,062
Goodrich Petroleum Corp. (a)(b)		660		10,441
Green Plains Renewable Energy, Inc. (b)		565		16,927
Gulfport Energy Corp. (a)		1,785		127,056
Halcon Resources Corp. (a)(b)		5,091		22,044
Hallador Energy Co. (b)		186		1,590
HollyFrontier Corp.		4,219		200,740
Isramco, Inc. (a)		20		2,650
Jones Energy, Inc. (Class A) (a)		200		3,028
KiOR, Inc. (Class A) (a)(b)		965		553
Knightsbridge Tankers, Ltd.		570		7,724
Kodiak Oil & Gas Corp. (a)		5,374		65,240
Kosmos Energy, Ltd. (a)		2,158		23,738
L&L Energy, Inc. (a)(b)		640		403
Laredo Petroleum Holdings, Inc. (a)(b)		883		22,834
Magnum Hunter Resources Corp. (a)(b)		3,676		31,246
Matador Resources Co. (a)		1,135		27,796
Midstates Petroleum Co., Inc. (a)(b)		723		3,875
Miller Energy Resources, Inc. (a)(b)		635		3,734
Nordic American Tanker Shipping, Ltd. (b)		1,443		14,199
Northern Oil and Gas, Inc. (a)(b)		1,358		19,854
Oasis Petroleum, Inc. (a)		2,055		85,755
Panhandle Oil & Gas, Inc. (Class A) (b)		163		7,108
PBF Energy, Inc.		475		12,255
PDC Energy, Inc. (a)		738		45,948
Penn Virginia Corp. (a)(b)		1,203		21,040
PetroQuest Energy, Inc. (a)		1,193		6,800
Quicksilver Resources, Inc. (a)(b)		2,633		6,925
Renewable Energy Group, Inc. (a)		485		5,810
Rentech, Inc. (a)		4,787		9,095
Resolute Energy Corp. (a)(b)		1,438		10,354
REX American Resources Corp. (a)		70		3,994
Rex Energy Corp. (a)		958		17,924
Rice Energy, Inc. (a)		1,000		26,390
Rosetta Resources, Inc. (a)(b)		1,200		55,896
RSP Permian, Inc. (a)		500		14,445
Sanchez Energy Corp. (a)(b)		757		22,430
SandRidge Energy, Inc. (a)(b)		10,062		61,781
Scorpio Tankers, Inc. (b)		3,726		37,148
SemGroup Corp.(Class A)		875		57,470
Ship Finance International, Ltd.		1,215		21,834
SM Energy Co.		1,354		96,527
Solazyme, Inc. (a)(b)		1,043		12,109
Stone Energy Corp. (a)(b)		1,033		43,355
Swift Energy Co. (a)(b)		968		10,416
Synergy Resources Corp. (a)(b)		1,061		11,406
Targa Resources Corp.		695		68,986
Teekay Corp.		769		43,249
Teekay Tankers, Ltd. (b)		1,363		4,825
Triangle Petroleum Corp. (a)(b)		1,353		11,149
Ultra Petroleum Corp. (a)(b)		3,115		83,762
Ur-Energy, Inc. (a)(b)		2,548		3,949
Uranium Energy Corp. (a)(b)		1,843		2,433
VAALCO Energy, Inc. (a)		1,190		10,175
W&T Offshore, Inc. (b)		713		12,342
Warren Resources, Inc. (a)		1,508		7,238
Western Refining, Inc. (b)		1,082		41,765
Westmoreland Coal Co. (a)		235		6,998
Whiting Petroleum Corp. (a)		2,449		169,936
World Fuel Services Corp.		1,493		65,841
WPX Energy, Inc. (a)		4,100		73,923
ZaZa Energy Corp. (a)(b)		789		593

				3,593,477

PAPER & FOREST PRODUCTS — 0.4%
Boise Cascade Co. (a)		228		6,530
Clearwater Paper Corp. (a)		458		28,703
Deltic Timber Corp.		240		15,655
Domtar Corp.		653		73,280
KapStone Paper and Packaging Corp. (a)		1,660		47,874
Louisiana-Pacific Corp. (a)(b)		2,789		47,050
Neenah Paper, Inc.		315		16,292
P.H. Glatfelter Co.		870		23,681
Resolute Forest Products, Inc. (a)		1,525		30,637
Schweitzer-Mauduit International, Inc.		628		26,747
Wausau Paper Corp. (b)		1,035		13,176

				329,625

PERSONAL PRODUCTS — 0.3%
Coty, Inc. (Class A)		1,200		17,976
Elizabeth Arden, Inc. (a)(b)		563		16,614
Herbalife, Ltd.		1,783		102,112
Inter Parfums, Inc.		310		11,225
Lifevantage Corp. (a)(b)		2,393		3,135
Medifast, Inc. (a)(b)		325		9,454
Nature’s Sunshine Products, Inc. (b)		240		3,307

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Nu Skin Enterprises, Inc. (Class A) (b)		1,214	$	100,580
Nutraceutical International Corp. (a)		155		4,028
Revlon, Inc. (Class A) (a)(b)		240		6,132
Star Scientific, Inc. (a)(b)		3,506		2,751
Synutra International, Inc. (a)(b)		408		2,730
The Female Health Co. (b)		485		3,764
USANA Health Sciences, Inc. (a)(b)		170		12,808

				296,616

PHARMACEUTICALS — 1.2%
AcelRx Pharmaceuticals, Inc. (a)(b)		484		5,813
Aerie Pharmaceuticals, Inc. (a)		200		4,238
Akorn, Inc. (a)(b)		1,188		26,136
Alimera Sciences, Inc. (a)(b)		410		3,235
Ampio Pharmaceuticals, Inc. (a)(b)		550		3,492
Aratana Therapeutics, Inc. (a)		100		1,856
Auxilium Pharmaceuticals, Inc. (a)(b)		1,035		28,131
AVANIR Pharmaceuticals, Inc. (Class A) (a)(b)		3,121		11,454
BioDelivery Sciences International, Inc. (a)(b)		640		5,402
Cempra, Inc. (a)(b)		320		3,696
Corcept Therapeutics, Inc. (a)(b)		1,115		4,861
DepoMed, Inc. (a)(b)		1,198		17,371
Endo International PLC (a)		2,723		186,934
Endocyte, Inc. (a)(b)		635		15,119
Hi-Tech Pharmacal Co., Inc. (a)(b)		240		10,399
Horizon Pharma, Inc. (a)(b)		1,123		16,980
Impax Laboratories, Inc. (a)		1,433		37,860
Jazz Pharmaceuticals PLC (a)		1,071		148,526
Lannett Co., Inc. (a)		413		14,752
Mallinckrodt PLC (a)		1,185		75,141
Nektar Therapeutics (a)(b)		2,479		30,045
Omeros Corp. (a)(b)		640		7,725
Omthera Pharmaceutical, Inc. (a)(b)(c)		212		0
Pacira Pharmaceuticals, Inc. (a)		553		38,704
Pernix Therapeutics Holdings (a)(b)		372		1,990
Pozen, Inc. (a)(b)		555		4,440
Prestige Brands Holdings, Inc. (a)		1,025		27,931
Questcor Pharmaceuticals, Inc. (b)		1,092		70,904
Relypsa, Inc. (a)		100		2,981
Repros Therapeutics, Inc. (a)(b)		490		8,693
Revance Therapeutics, Inc. (a)		100		3,150
Sagent Pharmaceuticals, Inc. (a)(b)		410		9,582
Salix Pharmaceuticals, Ltd. (a)(b)		1,257		130,238
Sciclone Pharmaceuticals, Inc. (a)(b)		1,110		5,050
Sucampo Pharmaceuticals, Inc. (Class A) (a)(b)		325		2,324
Supernus Pharmaceuticals, Inc. (a)(b)		320		2,861
The Medicines Co. (a)(b)		1,300		36,946
TherapeuticsMD, Inc. (a)(b)		1,683		10,620
VIVUS, Inc. (a)(b)		2,156		12,807
XenoPort, Inc. (a)		968		5,005
Zogenix, Inc. (a)(b)		1,515		4,310

				1,037,702

PROFESSIONAL SERVICES — 1.3%
Acacia Research Corp. (b)		1,035		15,815
Barrett Business Services, Inc.		160		9,531
CBIZ, Inc. (a)(b)		795		7,282
CDI Corp.		325		5,574
CRA International, Inc. (a)		245		5,383
Exponent, Inc.		230		17,264
Franklin Covey Co. (a)		150		2,965
FTI Consulting, Inc. (a)(b)		785		26,172
GP Strategies Corp. (a)		320		8,714
Heidrick & Struggles International, Inc.		405		8,128
Huron Consulting Group, Inc. (a)		475		30,105
ICF International, Inc. (a)		395		15,725
IHS, Inc. (Class A) (a)		1,348		163,782
Insperity, Inc.		480		14,870
Kelly Services, Inc. (Class A)		555		13,170
Kforce, Inc.		555		11,833
Korn/Ferry International (a)		1,038		30,901
Manpower, Inc.		1,566		123,448
Mistras Group, Inc. (a)		315		7,173
Navigant Consulting, Inc. (a)		1,030		19,220
Odyssey Marine Exploration, Inc. (a)(b)		1,678		3,843
On Assignment, Inc. (a)		955		36,853
Pendrell Corp. (a)		3,431		6,279
Resources Connection, Inc.		880		12,399
RPX Corp. (a)		725		11,803
The Advisory Board Co. (a)		710		45,617
The Corporate Executive Board Co.		720		53,446
Towers Watson & Co. (Class A)		1,336		152,371
TrueBlue, Inc. (a)		881		25,778
Verisk Analytics, Inc. (Class A) (a)		3,088		185,156
VSE Corp.		80		4,216
WageWorks, Inc. (a)		465		26,091

				1,100,907

REAL ESTATE INVESTMENT TRUSTS — 8.5%
Acadia Realty Trust		1,105		29,150
AG Mortgage Investment Trust, Inc.		650		11,382
Agree Realty Corp.		330		10,035
Alexander’s, Inc.		46		16,606
Alexandria Real Estate Equities, Inc.		1,494		108,405
Altisource Residential Corp. (b)		1,165		36,767
American Assets Trust, Inc.		720		24,293
American Campus Communities, Inc.		2,137		79,817
American Capital Agency Corp.		7,270		156,232
American Capital Mortgage Investment Corp.		1,083		20,328
American Homes 4 Rent (Class A)		1,100		18,381
American Realty Capital Properties, Inc. (b)		9,571		134,185
American Residential Properties, Inc. (a)(b)		325		5,844
AmREIT, Inc.		407		6,744
Annaly Capital Management, Inc. (b)		19,313		211,864
Anworth Mortgage Asset Corp.		3,123		15,490
Apollo Commercial Real Estate Finance, Inc. (b)		803		13,354
Apollo Residential Mortgage, Inc.		728		11,815
Ares Commercial Real Estate Corp.		430		5,766
Armada Hoffler Properties, Inc.		398		3,996
ARMOUR Residential REIT, Inc. (b)		7,990		32,919
Ashford Hospitality Prime, Inc.		260		3,931
Ashford Hospitality Trust, Inc.		1,300		14,651
Associated Estates Realty Corp.		1,214		20,565

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Aviv REIT, Inc.		240	$	5,868
BioMed Realty Trust, Inc.		3,813		78,128
Brandywine Realty Trust		3,161		45,708
BRE Properties, Inc.		1,585		99,506
Brixmor Property Group, Inc.		900		19,197
Camden Property Trust		1,764		118,788
Campus Crest Communities, Inc. (b)		1,353		11,744
Capstead Mortgage Corp. (b)		1,988		25,168
Catchmark Timber Trust, Inc. (Class A)		200		2,810
CBL & Associates Properties, Inc. (b)		3,350		59,462
Cedar Realty Trust, Inc.		1,513		9,244
Chambers Street Properties (b)		4,764		37,016
Chatham Lodging Trust		605		12,233
Chesapeake Lodging Trust		1,040		26,759
Chimera Investment Corp.		20,867		63,853
Colony Financial, Inc.		1,653		36,283
CommonWealth REIT (b)		2,364		62,173
Coresite Realty Corp. (b)		390		12,090
Corporate Office Properties Trust		1,738		46,300
Corrections Corp. of America (b)		2,310		72,349
Cousins Properties, Inc.		3,428		39,319
CubeSmart		2,686		46,092
CyrusOne, Inc.		393		8,186
CYS Investments, Inc. (b)		3,361		27,762
DCT Industrial Trust, Inc.		6,137		48,360
DDR Corp.		5,998		98,847
DiamondRock Hospitality Co.		4,151		48,774
Digital Realty Trust, Inc. (b)		2,611		138,592
Douglas Emmett, Inc.		2,904		78,815
Duke Realty Corp.		6,516		109,990
DuPont Fabros Technology, Inc. (b)		1,265		30,449
Dynex Capital, Inc.		1,205		10,785
EastGroup Properties, Inc. (b)		638		40,137
Education Realty Trust, Inc.		2,388		23,570
Ellington Residential Mortgage REIT		165		2,792
Empire State Realty Trust, Inc. (Class A) (b)		1,700		25,687
EPR Properties		1,005		53,657
Equity Lifestyle Properties, Inc.		1,681		68,333
Equity One, Inc.		1,278		28,551
Essex Property Trust, Inc.		811		137,911
Excel Trust, Inc.		1,043		13,225
Extra Space Storage, Inc.		2,237		108,517
Federal Realty Investment Trust		1,358		155,790
FelCor Lodging Trust, Inc.		2,631		23,784
First Industrial Realty Trust, Inc.		2,223		42,948
First Potomac Realty Trust		1,285		16,602
Franklin Street Properties Corp.		1,918		24,167
Gaming and Leisure Properties, Inc.		1,868		68,107
Getty Realty Corp. (b)		563		10,635
Gladstone Commercial Corp. (b)		331		5,740
Glimcher Realty Trust		3,124		31,334
Government Properties Income Trust (b)		1,108		27,922
Gramercy Property Trust, Inc. (b)		1,283		6,620
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)		320		4,592
Hatteras Financial Corp.		1,950		36,758
Healthcare Realty Trust, Inc.		1,901		45,909
Healthcare Trust of America, Inc. (b)		2,411		27,461
Hersha Hospitality Trust		4,309		25,121
Highwoods Properties, Inc.		1,806		69,368
Home Properties, Inc.		1,198		72,024
Hospitality Properties Trust		3,008		86,390
Hudson Pacific Properties, Inc.		968		22,332
Inland Real Estate Corp.		1,843		19,444
Invesco Mortgage Capital, Inc.		2,571		42,344
Investors Real Estate Trust		2,158		19,379
iStar Financial, Inc. (a)(b)		1,843		27,203
JAVELIN Mortgage Investment Corp. (b)		328		4,398
Kilroy Realty Corp.		1,685		98,707
Kite Realty Group Trust		2,808		16,848
LaSalle Hotel Properties		2,088		65,375
Lexington Realty Trust (b)		3,596		39,232
Liberty Property Trust		2,675		98,868
LTC Properties, Inc.		715		26,905
Mack-Cali Realty Corp.		1,798		37,380
Medical Properties Trust, Inc.		3,296		42,156
MFA Financial, Inc.		7,335		56,846
Mid-America Apartment Communities, Inc.		1,523		103,975
Monmouth Real Estate Investment Corp.(Class A)		873		8,328
National Health Investors, Inc. (b)		568		34,341
National Retail Properties, Inc. (b)		2,363		81,098
New Residential Investment Corp.		5,339		34,543
New York Mortgage Trust, Inc. (b)		1,358		10,565
NorthStar Realty Finance Corp.		6,736		108,719
OMEGA Healthcare Investors, Inc.		2,454		82,258
One Liberty Properties, Inc.		235		5,010
Parkway Properties, Inc.		1,206		22,010
Pebblebrook Hotel Trust		1,270		42,888
Pennsylvania Real Estate Investment Trust		1,435		25,902
PennyMac Mortgage Investment Trust		1,383		33,054
Physicians Realty Trust		300		4,176
Piedmont Office Realty Trust, Inc. (Class A)		3,194		54,777
Post Properties, Inc.		1,108		54,403
Potlatch Corp.		783		30,294
PS Business Parks, Inc.		398		33,281
QTS Realty Trust, Inc. (Class A) (b)		300		7,527
RAIT Financial Trust (b)		1,525		12,947
Ramco-Gershenson Properties Trust		1,280		20,864
Rayonier, Inc.		2,613		119,963
Realty Income Corp. (b)		4,189		171,163
Redwood Trust, Inc. (b)		1,758		35,652
Regency Centers Corp.		1,880		95,993
Resource Capital Corp. (b)		2,718		15,139
Retail Opportunity Investments Corp. (b)		1,443		21,558
Retail Properties of America, Inc. (Class A)		2,709		36,680
Rexford Industrial Realty, Inc.		400		5,672
RLJ Lodging Trust		2,536		67,813
Rouse Properties, Inc. (b)		480		8,275
Ryman Hospitality Properties (b)		863		36,695
Sabra Healthcare REIT, Inc. (b)		800		22,312
Saul Centers, Inc.		160		7,578
Select Income REIT		498		15,074

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Senior Housing Properties Trust		3,875	$	87,071
Silver Bay Realty Trust Corp.		320		4,966
SL Green Realty Corp.		1,928		193,995
Sovran Self Storage, Inc.		630		46,274
Spirit Realty Capital, Inc.		7,511		82,471
STAG Industrial, Inc. (b)		875		21,088
Starwood Property Trust, Inc. (b)		3,949		93,157
Starwood Waypoint Residential Trust (a)		789		22,715
Strategic Hotels & Resorts, Inc. (a)		3,824		38,967
Summit Hotel Properties, Inc.		1,546		14,347
Sun Communities, Inc. (b)		708		31,924
Sunstone Hotel Investors, Inc.		3,889		53,396
Tanger Factory Outlet Centers, Inc.		1,957		68,495
Taubman Centers, Inc.		1,346		95,283
Terreno Realty Corp.		583		11,025
Two Harbors Investment Corp.		7,390		75,747
UDR, Inc.		5,076		131,113
UMH Properties, Inc. (b)		320		3,130
Universal Health Realty Income Trust		235		9,926
Urstadt Biddle Properties, Inc. (Class A)		565		11,673
Washington Real Estate Investment Trust		1,343		32,071
Weingarten Realty Investors		2,465		73,950
Western Asset Mortgage Capital Corp. (b)		515		8,055
Whitestone REIT (b)		410		5,920
Winthrop Realty Trust		645		7,476
WP Carey, Inc. (b)		1,211		72,745
ZAIS Financial Corp. (b)		170		2,832

				7,194,578

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.6%
Alexander & Baldwin, Inc.		870		37,027
AV Homes, Inc. (a)(b)		250		4,523
Consolidated-Tomoka Land Co.		70		2,820
Forest City Enterprises, Inc. (Class A) (a)		3,253		62,132
Forestar Group, Inc. (a)(b)		715		12,727
Jones Lang LaSalle, Inc.		903		107,005
Kennedy-Wilson Holdings, Inc.		1,405		31,627
RE/MAX Holdings, Inc. (Class A) (a)		200		5,766
Realogy Holdings Corp. (a)(b)		2,443		106,148
Tejon Ranch Co. (a)		325		10,995
The Howard Hughes Corp. (a)		826		117,878
The St. Joe Co. (a)(b)		1,443		27,778

				526,426

ROAD & RAIL — 1.1%
AMERCO, Inc.		150		34,818
Arkansas Best Corp.		563		20,803
Avis Budget Group, Inc. (a)(b)		2,148		104,608
Celadon Group, Inc. (b)		393		9,448
Con-way, Inc.		1,098		45,106
Genesee & Wyoming, Inc. (Class A) (a)		840		81,749
Heartland Express, Inc. (b)		953		21,624
Hertz Global Holdings, Inc. (a)		7,043		187,625
J.B. Hunt Transport Services, Inc.		1,895		136,288
Knight Transportation, Inc. (b)		1,285		29,722
Landstar System, Inc.		993		58,805
Marten Transport, Ltd.		475		10,222
Old Dominion Freight Line, Inc. (a)		1,418		80,457
Patriot Transportation Holding, Inc. (a)(b)		165		5,948
Quality Distribution, Inc. (a)		486		6,313
Roadrunner Transportation Systems, Inc. (a)(b)		405		10,222
Saia, Inc. (a)		470		17,959
Swift Transportation Co. (a)(b)		1,648		40,788
Universal Truckload Services, Inc.		70		2,023
Werner Enterprises, Inc.		955		24,362
YRC Worldwide, Inc. (a)(b)		550		12,375

				941,265

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.1%
Advanced Energy Industries, Inc. (a)		790		19,355
Advanced Micro Devices, Inc. (a)(b)		12,300		49,323
Alpha & Omega Semiconductor, Ltd. (a)(b)		405		2,981
Ambarella, Inc. (a)(b)		400		10,684
Amkor Technology, Inc. (a)(b)		1,353		9,282
Anadigics, Inc. (a)(b)		1,758		2,989
Applied Micro Circuits Corp. (a)(b)		1,438		14,236
Atmel Corp. (a)		8,750		73,150
ATMI, Inc. (a)		630		21,426
Avago Technologies, Ltd.		5,081		327,267
Axcelis Technologies, Inc. (a)		2,318		4,984
Brooks Automation, Inc.		1,443		15,772
Cabot Microelectronics Corp. (a)		475		20,900
Cavium, Inc. (a)(b)		1,025		44,823
CEVA, Inc. (a)		480		8,429
Cirrus Logic, Inc. (a)(b)		1,360		27,023
Cohu, Inc.		568		6,100
Cree, Inc. (a)(b)		2,406		136,083
Cypress Semiconductor Corp. (a)(b)		3,111		31,950
Diodes, Inc. (a)		808		21,105
DSP Group, Inc. (a)		395		3,413
Entegris, Inc. (a)		2,953		35,761
Entropic Communications, Inc. (a)		1,918		7,845
Exar Corp. (a)		795		9,500
Fairchild Semiconductor International, Inc. (a)		2,718		37,481
Formfactor, Inc. (a)		1,110		7,093
Freescale Semiconductor, Ltd. (a)		1,198		29,243
GSI Technology, Inc. (a)		390		2,695
GT Advanced Technologies, Inc. (a)(b)		2,556		43,580
Hittite Microwave Corp.		630		39,715
Inphi Corp. (a)		560		9,010
Integrated Device Technology, Inc. (a)		2,793		34,158
Integrated Silicon Solution, Inc. (a)		550		8,552
Intermolecular, Inc. (a)(b)		408		1,142
International Rectifier Corp. (a)		1,428		39,127
Intersil Corp. (Class A)		2,718		35,117
IXYS Corp.		470		5,335
Kopin Corp. (a)		1,443		5,455
Lattice Semiconductor Corp. (a)		2,476		19,412
LTX-Credence Corp. (a)		1,045		9,311
M/A-COM Technology Solutions Holdings, Inc. (a)		245		5,035

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Marvell Technology Group, Ltd.		8,080	$	127,260
Maxim Integrated Products, Inc.		5,939		196,700
MaxLinear, Inc. (Class A) (a)		475		4,503
Micrel, Inc.		950		10,526
Microsemi Corp. (a)		1,903		47,632
MKS Instruments, Inc.		1,115		33,327
Monolithic Power Systems, Inc. (a)		803		31,132
MoSys, Inc. (a)(b)		1,048		4,758
Nanometrics, Inc. (a)		475		8,536
NeoPhotonics Corp. (a)		390		3,093
NVE Corp. (a)		75		4,278
OmniVision Technologies, Inc. (a)(b)		1,110		19,647
ON Semiconductor Corp. (a)		9,154		86,048
PDF Solutions, Inc. (a)		565		10,266
Peregrine Semiconductor Corp. (a)		558		3,376
Pericom Semiconductor Corp. (a)		473		3,704
Photronics, Inc. (a)(b)		1,273		10,859
PLX Technology, Inc. (a)		955		5,778
PMC-Sierra, Inc. (a)		4,306		32,769
Power Integrations, Inc.		624		41,047
Rambus, Inc. (a)		2,403		25,832
RF Micro Devices, Inc. (a)		5,989		47,193
Rubicon Technology, Inc. (a)		405		4,572
Rudolph Technologies, Inc. (a)		725		8,272
Semtech Corp. (a)		1,438		36,439
Sigma Designs, Inc. (a)		635		3,023
Silicon Image, Inc. (a)		1,683		11,613
Silicon Laboratories, Inc. (a)		873		45,614
Skyworks Solutions, Inc. (a)		3,923		147,191
Spansion, Inc. (Class A) (a)		1,043		18,169
SunEdison, Inc. (a)		5,454		102,753
SunPower Corp. (a)(b)		880		28,389
Supertex, Inc. (a)		245		8,080
Synaptics, Inc. (a)(b)		625		37,512
Teradyne, Inc. (a)(b)		3,900		77,571
Tessera Technologies, Inc.		1,118		26,418
TriQuint Semiconductor, Inc. (a)		3,421		45,807
Ultra Clean Holdings, Inc. (a)		468		6,154
Ultratech, Inc. (a)(b)		550		16,054
Veeco Instruments, Inc. (a)(b)		790		33,125

				2,650,862

SOFTWARE — 4.0%
Accelrys, Inc. (a)		1,200		14,952
ACI Worldwide, Inc. (a)		785		46,464
Activision Blizzard, Inc.		5,407		110,519
Actuate Corp. (a)		1,045		6,291
Advent Software, Inc. (b)		625		18,350
American Software, Inc. (Class A)		470		4,780
Ansys, Inc. (a)		1,889		145,491
Aspen Technology, Inc. (a)		1,898		80,399
AVG Technologies NV (a)(b)		470		9,851
Barracuda Networks, Inc. (a)		100		3,394
Blackbaud, Inc.		955		29,891
Bottomline Technologies, Inc. (a)(b)		798		28,050
BroadSoft, Inc. (a)(b)		550		14,701
Cadence Design Systems, Inc. (a)		5,747		89,308
Callidus Software, Inc. (a)(b)		798		9,991
CommVault Systems, Inc. (a)(b)		950		61,702
Compuware Corp.		4,329		45,454
Comverse, Inc. (a)		480		16,598
Concur Technologies, Inc. (a)(b)		959		95,008
Cyan, Inc. (a)(b)		155		662
Digimarc Corp. (b)		165		5,181
Ebix, Inc. (b)		633		10,805
Ellie Mae, Inc. (a)(b)		560		16,150
EPIQ Systems, Inc.		630		8,587
ePlus, Inc. (a)		80		4,461
FactSet Research Systems, Inc. (b)		904		97,460
Fair Isaac Corp.		708		39,167
FireEye, Inc. (a)		400		24,628
FleetMatics Group PLC (a)		313		10,470
Fortinet, Inc. (a)		2,756		60,715
Gigamon, Inc. (a)		200		6,078
Glu Mobile, Inc. (a)(b)		1,193		5,655
Guidance Software, Inc. (a)(b)		310		3,429
Guidewire Software, Inc. (a)		975		47,824
Imperva, Inc. (a)		390		21,723
Infoblox, Inc. (a)		1,128		22,628
Informatica Corp. (a)		2,155		81,416
Interactive Intelligence Group (a)		315		22,837
Jive Software, Inc. (a)(b)		888		7,113
Manhattan Associates, Inc. (a)		1,580		55,347
Mavenir Systems, Inc. (a)		100		1,790
Mentor Graphics Corp.		1,888		41,574
MICROS Systems, Inc. (a)		1,572		83,206
MicroStrategy, Inc. (a)		186		21,463
Mitek Systems, Inc. (a)(b)		474		1,834
Model N, Inc. (a)		155		1,567
Monotype Imaging Holdings, Inc.		795		23,961
Netscout Systems, Inc. (a)		705		26,494
NetSuite, Inc. (a)(b)		744		70,554
Nuance Communications, Inc. (a)(b)		5,297		90,949
Pegasystems, Inc.		305		10,773
Progress Software Corp. (a)		1,005		21,909
Proofpoint, Inc. (a)		483		17,910
PROS Holdings, Inc. (a)		480		15,125
PTC, Inc. (a)		2,424		85,882
QAD, Inc. (Class A)		170		3,473
QLIK Technologies, Inc. (a)		1,733		46,080
Quality Systems, Inc.		885		14,939
Qualys, Inc. (a)(b)		320		8,138
Rally Software Development Corp. (a)		165		2,208
RealPage, Inc. (a)(b)		950		17,252
Rosetta Stone, Inc. (a)		240		2,693
Rovi Corp. (a)		1,941		44,216
Sapiens International Corp. NV (a)		410		3,325
SeaChange International, Inc. (a)		725		7,569
ServiceNow, Inc. (a)		1,659		99,407
Silver Spring Networks, Inc. (a)(b)		170		2,955
SolarWinds, Inc. (a)		1,349		57,508
Solera Holdings, Inc.		1,459		92,413
Splunk, Inc. (a)		2,350		168,001
SS&C Technologies Holdings, Inc. (a)		1,188		47,544
Synchronoss Technologies, Inc. (a)(b)		645		22,117
Synopsys, Inc. (a)		3,151		121,030
Tableau Software, Inc. (Class A) (a)		250		19,020
Take-Two Interactive Software, Inc. (a)		1,663		36,470
Tangoe, Inc. (a)(b)		635		11,805
TeleCommunication Systems, Inc. (Class A) (a)(b)		1,045		2,403
TeleNav, Inc. (a)		405		2,414

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

TIBCO Software, Inc. (a)		3,365	$	68,377
TiVo, Inc. (a)		2,721		35,999
Tyler Technologies, Inc. (a)		630		52,718
Ultimate Software Group, Inc. (a)		568		77,816
Varonis Systems, Inc. (a)		100		3,576
Vasco Data Security International (a)(b)		645		4,863
Verint Systems, Inc. (a)		1,118		52,468
VirnetX Holding Corp. (a)(b)		873		12,379
VMware, Inc. (Class A) (a)(b)		1,743		188,279
Vringo, Inc. (a)(b)		1,440		4,997
Workday, Inc. (Class A) (a)		849		77,624
Zynga, Inc. (Class A) (a)		11,866		51,024

				3,361,621

SPECIALTY RETAIL — 3.1%
Aaron’s, Inc.		1,491		45,088
Abercrombie & Fitch Co. (Class A)		1,600		61,600
Advance Auto Parts, Inc.		1,500		189,750
Aeropostale, Inc. (a)(b)		1,678		8,424
America’s Car-Mart, Inc. (a)(b)		155		5,692
American Eagle Outfitters, Inc. (b)		3,908		47,834
ANN, Inc. (a)		948		39,323
Asbury Automotive Group, Inc. (a)		633		35,011
Ascena Retail Group, Inc. (a)		2,606		45,032
Barnes & Noble, Inc. (a)(b)		883		18,455
bebe stores, inc.		713		4,364
Big 5 Sporting Goods Corp. (b)		410		6,581
Body Central Corp. (a)(b)		310		332
Brown Shoe Co., Inc.		868		23,037
Cabela’s, Inc. (a)(b)		977		64,003
Chico’s FAS, Inc.		3,181		50,991
Christopher & Banks Corp. (a)		805		5,321
Citi Trends, Inc. (a)		313		5,099
Conn’s, Inc. (a)(b)		480		18,648
CST Brands, Inc. (b)		1,278		39,925
Destination Maternity Corp.		328		8,987
Destination XL Group, Inc. (a)(b)		875		4,935
Dick’s Sporting Goods, Inc.		1,978		108,019
DSW, Inc. (Class A)		1,458		52,284
Express, Inc. (a)		1,843		29,267
Five Below, Inc. (a)(b)		625		26,550
Foot Locker, Inc.		3,033		142,490
Francesca’s Holdings Corp. (a)		965		17,505
Genesco, Inc. (a)		470		35,048
GNC Holdings, Inc. (Class A)		2,010		88,480
Group 1 Automotive, Inc. (b)		485		31,845
Guess?, Inc.		1,184		32,678
Haverty Furniture Cos., Inc.		395		11,731
hhgregg, Inc. (a)(b)		230		2,210
Hibbett Sports, Inc. (a)(b)		560		29,613
Jos. A. Bank Clothiers, Inc. (a)		550		35,365
Kirkland’s, Inc. (a)		325		6,009
Lithia Motors, Inc. (Class A)		480		31,901
Lumber Liquidators Holdings, Inc. (a)(b)		553		51,871
MarineMax, Inc. (a)		475		7,215
Mattress Firm Holding Corp. (a)(b)		230		11,001
Monro Muffler Brake, Inc.		633		36,005
Murphy USA, Inc. (a)		1,000		40,590
New York & Co., Inc. (a)(b)		645		2,832
Office Depot, Inc. (a)		9,712		40,111
Outerwall, Inc. (a)(b)		450		32,625
Pacific Sunwear of California, Inc. (a)(b)		953		2,830
Penske Automotive Group, Inc.		873		37,329
Pep Boys-Manny, Moe & Jack (a)		1,115		14,183
Pier 1 Imports, Inc. (b)		1,993		37,628
RadioShack Corp. (a)(b)		2,161		4,581
Rent-A-Center, Inc. (b)		1,090		28,994
Restoration Hardware Holdings, Inc. (a)		405		29,804
Sally Beauty Holdings, Inc. (a)		3,427		93,900
Sears Hometown and Outlet Stores, Inc. (a)		155		3,666
Select Comfort Corp. (a)		1,201		21,714
Shoe Carnival, Inc.		320		7,373
Signet Jewelers, Ltd.		1,635		173,081
Sonic Automotive, Inc. (Class A)		790		17,759
Stage Stores, Inc. (b)		725		17,726
Stein Mart, Inc.		550		7,705
Systemax, Inc. (a)(b)		240		3,578
The Buckle, Inc. (b)		550		25,190
The Cato Corp. (Class A)		553		14,953
The Children’s Place Retail Stores, Inc. (b)		475		23,660
The Container Store Group, Inc. (a)(b)		300		10,185
The Finish Line, Inc. (Class A)		1,035		28,038
The Men’s Wearhouse, Inc.		930		45,551
The Wet Seal, Inc. (Class A) (a)(b)		1,923		2,538
Tile Shop Holdings, Inc. (a)(b)		400		6,180
Tilly’s, Inc. (Class A) (a)(b)		245		2,867
Trans World Entertainment Corp. (b)		227		824
Ulta Salon Cosmetics & Fragrance, Inc. (a)		1,264		123,215
Vitamin Shoppe, Inc. (a)		638		30,318
West Marine, Inc. (a)		410		4,662
Williams-Sonoma, Inc.		1,975		131,614
Winmark Corp. (b)		90		6,809
Zale Corp. (a)		725		15,160
Zumiez, Inc. (a)(b)		485		11,756

				2,617,048

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.7%
3D Systems Corp. (a)(b)		2,081		123,091
Cray, Inc. (a)(b)		788		29,408
Diebold, Inc. (b)		1,258		50,182
Electronics for Imaging, Inc. (a)		950		41,145
Fusion-io, Inc. (a)(b)		1,593		16,758
Hutchinson Technology, Inc. (a)		475		1,344
Imation Corp. (a)		718		4,143
Immersion Corp. (a)(b)		550		5,803
Lexmark International, Inc. (Class A) (b)		1,263		58,464
NCR Corp. (a)		3,328		121,638
Nimble Storage, Inc. (a)		200		7,578
QLogic Corp. (a)		1,923		24,518
Quantum Corp. (a)(b)		4,561		5,564
Silicon Graphics International Corp. (a)(b)		720		8,842
Stratasys, Ltd. (a)(b)		730		77,446

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Super Micro Computer, Inc. (a)		630	$	10,943

				586,867

TEXTILES, APPAREL & LUXURY GOODS — 1.2%
American Apparel, Inc. (a)(b)		1,188		595
Carter’s, Inc.		1,126		87,434
Columbia Sportswear Co.		230		19,009
Crocs, Inc. (a)		1,928		30,077
Culp, Inc.		155		3,060
Deckers Outdoor Corp. (a)		715		57,007
G-III Apparel Group, Ltd. (a)		310		22,190
Hanesbrands, Inc.		2,005		153,342
Iconix Brand Group, Inc. (a)(b)		993		38,995
Kate Spade & Co. (a)		2,458		91,167
Movado Group, Inc.		305		13,893
Oxford Industries, Inc.		228		17,830
Perry Ellis International, Inc. (a)		235		3,229
Quiksilver, Inc. (a)(b)		2,786		20,923
RG Barry Corp.		245		4,626
Skechers U.S.A., Inc. (a)		793		28,976
Steven Madden, Ltd. (a)		1,227		44,147
The Jones Group, Inc. (b)		1,668		24,970
Tumi Holdings, Inc. (a)(b)		1,043		23,603
Under Armour, Inc. (Class A) (a)(b)		1,762		201,996
Unifi, Inc. (a)		320		7,382
Vera Bradley, Inc. (a)		485		13,090
Vince Holding Corp. (a)		200		5,272
Wolverine World Wide, Inc. (b)		2,060		58,813

				971,626

THRIFTS & MORTGAGE FINANCE — 1.1%
Astoria Financial Corp.		1,928		26,645
Banc of California, Inc. (b)		328		4,025
Bank Mutual Corp.		950		6,023
BankFinancial Corp.		483		4,820
BBX Capital Corp. (Class A) (a)(b)		160		3,112
Beneficial Mutual Bancorp, Inc. (a)(b)		730		9,629
Berkshire Hills Bancorp, Inc.		565		14,622
BofI Holding, Inc. (a)		235		20,151
Brookline Bancorp, Inc.		1,523		14,347
Capitol Federal Financial, Inc.		3,001		37,663
Charter Financial Corp.		478		5,167
Clifton Savings Bancorp, Inc. (b)		155		1,817
Dime Community Bancshares		730		12,395
Doral Financial Corp. (a)(b)		165		1,432
ESB Financial Corp. (b)		230		3,006
ESSA Bancorp, Inc.		150		1,631
Essent Group, Ltd. (a)(b)		400		8,984
EverBank Financial Corp. (b)		1,668		32,910
Federal Agricultural Mortgage Corp. (Class C)		245		8,146
First Defiance Financial Corp.		248		6,726
First Federal Bancshares of Arkansas, Inc. (a)(b)		62		569
First Financial Northwest, Inc.		314		3,187
Flagstar Bancorp, Inc. (a)(b)		395		8,777
Fox Chase Bancorp, Inc.		235		3,960
Franklin Financial Corp. (a)		243		4,753
Hingham Institution for Savings (b)		29		2,276
Home Bancorp, Inc. (a)(b)		165		3,463
Home Loan Servicing Solutions, Ltd. (b)		1,515		32,724
HomeStreet, Inc. (b)		230		4,496
Kearny Financial Corp. (a)(b)		325		4,803
Ladder Capital Corp. (Class A) (a)		300		5,664
Meridian Interstate Bancorp, Inc. (a)(b)		155		3,963
Meta Financial Group, Inc. (b)		70		3,139
MGIC Investment Corp. (a)		6,557		55,866
NASB Financial, Inc.		89		2,243
Nationstar Mortgage Holdings, Inc. (a)(b)		457		14,834
New York Community Bancorp, Inc. (b)		9,033		145,160
Northfield Bancorp, Inc.		1,188		15,278
Northwest Bancshares, Inc.		1,998		29,171
OceanFirst Financial Corp.		325		5,749
Ocwen Financial Corp. (a)(b)		2,145		84,041
Oritani Financial Corp.		953		15,067
PennyMac Financial Services, Inc. (Class A) (a)		230		3,827
Provident Financial Holdings, Inc.		150		2,313
Provident Financial Services, Inc.		1,280		23,514
Radian Group, Inc.		3,471		52,169
Rockville Financial, Inc.		553		7,515
Stonegate Mortgage Corp. (a)		200		2,972
Territorial Bancorp, Inc. (b)		245		5,292
TFS Financial Corp. (a)		1,711		21,268
Tree.com, Inc. (a)		165		5,122
TrustCo Bank Corp. NY (b)		1,993		14,031
United Community Financial Corp. (a)(b)		888		3,481
United Financial Bancorp, Inc.		395		7,264
Walker & Dunlop, Inc. (a)		310		5,068
Washington Federal, Inc.		2,143		49,932
Waterstone Financial, Inc. (a)		174		1,808
Westfield Financial, Inc.		398		2,965
WSFS Financial Corp.		160		11,429

				892,404

TOBACCO — 0.1%
Alliance One International, Inc. (a)		1,828		5,338
Universal Corp. (b)		475		26,548
Vector Group, Ltd. (b)		1,340		28,863

				60,749

TRADING COMPANIES & DISTRIBUTORS — 1.0%
Aceto Corp.		553		11,110
Air Lease Corp.		1,456		54,294
Aircastle, Ltd.		1,433		27,772
Applied Industrial Technologies, Inc.		875		42,210
Beacon Roofing Supply, Inc. (a)		1,038		40,129
BlueLinx Holdings, Inc. (a)(b)		721		937
CAI International, Inc. (a)		408		10,065
DXP Enterprises, Inc. (a)		150		14,239
GATX Corp.		992		67,337
H&E Equipment Services, Inc. (a)		640		25,888
HD Supply Holdings, Inc. (a)(b)		1,300		33,995
Houston Wire & Cable Co.		405		5,318
Kaman Corp. (b)		555		22,577
MRC Global, Inc. (a)		1,688		45,508
MSC Industrial Direct Co., Inc. (Class A)		1,001		86,607

SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Rush Enterprises, Inc. (Class A) (a)(b)		715	$	23,223
Stock Building Supply Holdings, Inc. (a)		200		4,064
TAL International Group, Inc. (a)(b)		718		30,781
Textainer Group Holdings, Ltd. (b)		422		16,150
Titan Machinery, Inc. (a)(b)		408		6,393
United Rentals, Inc. (a)(b)		1,889		179,342
Watsco, Inc.		572		57,149
WESCO International, Inc. (a)(b)		885		73,650

				878,738

TRANSPORTATION INFRASTRUCTURE — 0.0% (e)
Wesco Aircraft Holdings, Inc. (a)		880		19,369

WATER UTILITIES — 0.4%
American States Water Co.		790		25,509
American Water Works Co., Inc.		3,632		164,893
Aqua America, Inc.		3,559		89,224
Artesian Resources Corp. (Class A)		160		3,594
California Water Service Group		1,045		25,017
Connecticut Water Service, Inc. (b)		240		8,201
Consolidated Water Co., Ltd.		320		4,218
Middlesex Water Co.		315		6,873
Pure Cycle Corp. (a)(b)		408		2,468
SJW Corp.		315		9,311
York Water Co. (b)		230		4,692

				344,000

WIRELESS TELECOMMUNICATION SERVICES — 0.7%
Boingo Wireless, Inc. (a)		400		2,712
Leap Wireless International, Inc. (a)(f)		1,110		2,797
NII Holdings, Inc. (a)(b)		3,676		4,374
NTELOS Holdings Corp. (b)		320		4,320
RingCentral, Inc. (Class A) (a)		200		3,620
SBA Communications Corp. (Class A) (a)		2,616		237,951
Shenandoah Telecommunications Co. (b)		470		15,176
Sprint Corp. (a)(b)		17,356		159,502
T-Mobile US, Inc. (a)		3,885		128,322
Telephone & Data Systems, Inc.		1,928		50,533
US Cellular Corp.		269		11,032
USA Mobility, Inc.		485		8,813

				629,152

TOTAL COMMON STOCKS —
(Cost $64,148,994)				83,971,688

RIGHTS — 0.0% (e)
BIOTECHNOLOGY — 0.0% (e)
Cubist Pharmaceuticals, Inc. (expiring 12/31/16) (a)		1,038		675

INTERNET SOFTWARE & SERVICES — 0.0% (e)
Unwired Planet, Inc. (expired 9/9/13) (a)		2,106		81

TOTAL RIGHTS —
(Cost $2,307)				756

WARRANTS — 0.0% (e)
OIL, GAS & CONSUMABLE FUELS — 0.0% (e)
Magnum Hunter Resources (expiring 4/15/16) (a)(b)(c)		367		0

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (e)
Tejon Ranch Co. (expiring 08/31/16) (a)		48		175

TOTAL WARRANTS —
(Cost $285)				175

SHORT TERM INVESTMENTS — 17.9%
MONEY MARKET FUNDS — 17.9%
State Street Navigator Securities Lending Prime Portfolio (g)(h)		14,833,814		14,833,814
State Street Institutional Liquid Reserves Fund 0.08% (h)(i)		248,588		248,588

TOTAL SHORT TERM INVESTMENTS —
(Cost $15,082,402)				15,082,402

TOTAL INVESTMENTS — 117.7% (j)
(Cost $79,233,988)				99,055,021
OTHER ASSETS & LIABILITIES — (17.7)%				(14,882,707	)

NET ASSETS — 100.0%			$	84,172,314


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs (See accompanying Notes to Schedules of Investments).
(d)		Reflects separate holdings of the issuer’s common stock traded on different securities exchanges
(e)		Amount shown represents less than 0.05% of net assets.
(f)		Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(g)		Investments of cash collateral for securities loaned
(h)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(i)		The rate shown is the annualized seven-day yield at period end.
(j)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
AEROSPACE & DEFENSE — 1.7%
Alliant Techsystems, Inc. (a)		3,011	$	428,014
BE Aerospace, Inc. (b)		20,467		1,776,331
Huntington Ingalls Industries, Inc.		5,244		536,251

				2,740,596

AIRLINES — 0.8%
Alaska Air Group, Inc.		14,183		1,323,416

AUTO COMPONENTS — 0.6%
Gentex Corp.		30,143		950,409

AUTOMOBILES — 0.2%
Thor Industries, Inc.		4,497		274,587

BANKS — 5.2%
Associated Banc-Corp.		33,246		600,423
BancorpSouth, Inc.		17,176		428,713
Bank of Hawaii Corp.		4,234		256,623
Cathay General Bancorp		15,097		380,293
City National Corp.		9,901		779,407
Commerce Bancshares, Inc.		7,360		341,651
Cullen/Frost Bankers, Inc.		4,780		370,593
East West Bancorp, Inc.		29,638		1,081,787
FirstMerit Corp.		16,949		353,048
Prosperity Bancshares, Inc.		6,786		448,894
Signature Bank (b)		9,833		1,234,926
SVB Financial Group (b)		9,488		1,221,865
Synovus Financial Corp.		201,692		683,736
Webster Financial Corp.		10,658		331,037
Westamerica Bancorporation (a)		2,449		132,442

				8,645,438

BIOTECHNOLOGY — 1.2%
Cubist Pharmaceuticals, Inc. (b)		15,450		1,130,167
United Therapeutics Corp. (b)		9,591		901,842

				2,032,009

BUILDING PRODUCTS — 1.7%
A.O. Smith Corp.		15,877		730,660
Fortune Brands Home & Security, Inc.		34,260		1,441,661
Lennox International, Inc.		6,218		565,278

				2,737,599

CAPITAL MARKETS — 3.3%
Affiliated Managers Group, Inc. (b)		10,983		2,197,149
Eaton Vance Corp.		15,833		604,187
Federated Investors, Inc. (Class B) (a)		9,478		289,458
Greenhill & Co., Inc. (a)		2,843		147,779
SEI Investments Co.		29,377		987,361
Waddell & Reed Financial, Inc. (Class A)		17,469		1,286,068

				5,512,002

CHEMICALS — 1.9%
Albemarle Corp.		7,943		527,574
Cytec Industries, Inc.		3,088		301,420
Minerals Technologies, Inc.		4,238		273,605
NewMarket Corp. (a)		1,470		574,447
RPM International, Inc.		14,956		625,759
The Scotts Miracle-Gro Co. (Class A)		4,356		266,936
Valspar Corp.		9,005		649,440

				3,219,181

COMMERCIAL SERVICES & SUPPLIES — 2.2%
Copart, Inc. (b)		23,230		845,340
Deluxe Corp.		10,359		543,537
Herman Miller, Inc.		7,641		245,505
HNI Corp.		9,259		338,509
MSA Safety, Inc.		3,411		194,427
R.R. Donnelley & Sons Co.		25,028		448,001
Rollins, Inc.		7,959		240,680
Waste Connections, Inc.		16,700		732,462

				3,588,461

COMMUNICATIONS EQUIPMENT — 1.1%
ADTRAN, Inc.		5,575		136,086
Ciena Corp. (a)(b)		21,825		496,300
InterDigital, Inc. (a)		3,001		99,363
JDS Uniphase Corp. (b)		30,758		430,612
Plantronics, Inc.		5,301		235,629
Riverbed Technology, Inc. (b)		18,887		372,263

				1,770,253

CONSTRUCTION MATERIALS — 0.9%
Eagle Materials, Inc.		10,231		907,081
Martin Marietta Materials, Inc. (a)		4,469		573,596

				1,480,677

CONTAINERS & PACKAGING — 1.6%
AptarGroup, Inc.		7,140		471,954
Packaging Corp. of America		20,356		1,432,452
Rock-Tenn Co. (Class A)		6,241		658,862

				2,563,268

DISTRIBUTORS — 1.0%
LKQ Corp. (b)		62,337		1,642,580

DIVERSIFIED CONSUMER SERVICES — 0.7%
Matthews International Corp. (Class A)		2,231		91,047
Service Corp. International		25,148		499,942
Sotheby’s (a)		14,314		623,375

				1,214,364

DIVERSIFIED FINANCIAL SERVICES — 1.2%
CBOE Holdings, Inc.		17,798		1,007,367
MSCI, Inc. (Class A) (b)		24,264		1,043,837

				2,051,204

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.3%
tw telecom, Inc. (b)		15,892		496,784

ELECTRICAL EQUIPMENT — 1.1%
Acuity Brands, Inc.		8,870		1,175,896
Hubbell, Inc. (Class B)		6,009		720,299

				1,896,195

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.7%
Knowles Corp. (b)		7,352		232,103
Mettler-Toledo International, Inc. (b)		6,066		1,429,635
National Instruments Corp.		12,795		367,089
Trimble Navigation, Ltd. (b)		53,696		2,087,163
Zebra Technologies Corp. (Class A) (b)		6,035		418,889

				4,534,879

ENERGY EQUIPMENT & SERVICES — 3.4%
CARBO Ceramics, Inc.		4,055		559,549

SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Dresser-Rand Group, Inc. (b)		9,159	$	534,977
Dril-Quip, Inc. (b)		8,339		934,802
Oceaneering International, Inc.		22,413		1,610,598
Oil States International, Inc. (b)		11,021		1,086,671
Patterson-UTI Energy, Inc.		29,586		937,285

				5,663,882

FOOD & STAPLES RETAILING — 0.2%
SUPERVALU, Inc. (a)(b)		40,339		275,919

FOOD PRODUCTS — 1.4%
Flowers Foods, Inc.		24,778		531,488
Hain Celestial Group, Inc. (b)		10,313		943,330
Lancaster Colony Corp.		1,873		186,213
Tootsie Roll Industries, Inc. (a)		2,113		63,277
WhiteWave Foods Co. (Class A) (b)		18,868		538,493

				2,262,801

GAS UTILITIES — 0.6%
National Fuel Gas Co.		7,698		539,168
Questar Corp.		16,844		400,550

				939,718

HEALTH CARE EQUIPMENT & SUPPLIES — 3.6%
Align Technology, Inc. (b)		14,899		771,619
Hill-Rom Holdings, Inc.		6,584		253,747
Hologic, Inc. (b)		33,609		722,594
IDEXX Laboratories, Inc. (a)(b)		6,426		780,116
Masimo Corp. (a)(b)		10,504		286,864
ResMed, Inc. (a)		18,580		830,340
Sirona Dental Systems, Inc. (a)(b)		6,341		473,483
STERIS Corp.		7,249		346,140
Teleflex, Inc.		4,010		430,032
The Cooper Cos., Inc.		6,216		853,830
Thoratec Corp. (b)		6,466		231,548

				5,980,313

HEALTH CARE PROVIDERS & SERVICES — 2.8%
Henry Schein, Inc. (b)		9,822		1,172,452
HMS Holdings Corp. (a)(b)		11,794		224,676
MEDNAX, Inc. (b)		13,859		858,981
Omnicare, Inc. (a)		8,151		486,370
Universal Health Services, Inc. (Class B)		18,596		1,526,174
VCA Antech, Inc. (b)		9,041		291,391

				4,560,044

HEALTH CARE TECHNOLOGY — 0.2%
Allscripts Healthcare Solutions, Inc. (b)		17,518		315,849

HOTELS, RESTAURANTS & LEISURE — 2.5%
Bally Technologies, Inc. (a)(b)		7,967		527,973
Bob Evans Farms, Inc.		2,541		127,126
Brinker International, Inc. (a)		13,772		722,341
Domino’s Pizza, Inc.		11,500		885,155
Panera Bread Co. (Class A) (a)(b)		5,403		953,468
Scientific Games Corp. (Class A) (b)		9,930		136,339
The Cheesecake Factory, Inc. (a)		6,370		303,403
The Wendy’s Co. (a)		54,808		499,849

				4,155,654

HOUSEHOLD DURABLES — 2.9%
Jarden Corp. (b)		25,603		1,531,828
NVR, Inc. (b)		446		511,562
Tempur Sealy International, Inc. (a)(b)		12,560		636,415
Toll Brothers, Inc. (b)		33,072		1,187,285
Tupperware Brands Corp. (a)		10,336		865,743

				4,732,833

HOUSEHOLD PRODUCTS — 1.0%
Church & Dwight Co., Inc.		15,631		1,079,633
Energizer Holdings, Inc.		5,894		593,762

				1,673,395

INDUSTRIAL CONGLOMERATES — 0.3%
Carlisle Cos., Inc.		6,795		539,115

INSURANCE — 1.3%
Arthur J. Gallagher & Co.		15,786		751,098
Brown & Brown, Inc.		12,749		392,159
Old Republic International Corp.		49,625		813,850
RenaissanceRe Holdings, Ltd. (a)		2,358		230,141

				2,187,248

INTERNET SOFTWARE & SERVICES — 1.4%
Conversant, Inc. (a)(b)		12,899		363,107
Equinix, Inc. (a)(b)		5,838		1,079,096
Rackspace Hosting, Inc. (a)(b)		24,075		790,141

				2,232,344

IT SERVICES — 4.2%
Acxiom Corp. (b)		15,880		546,193
Broadridge Financial Solutions, Inc.		24,757		919,475
CoreLogic, Inc. (b)		19,044		572,082
DST Systems, Inc.		3,345		317,072
Gartner, Inc. (b)		19,110		1,326,998
Global Payments, Inc.		14,842		1,055,415
Jack Henry & Associates, Inc.		17,676		985,614
NeuStar, Inc. (Class A) (a)(b)		12,782		415,543
WEX, Inc. (b)		8,047		764,867

				6,903,259

LEISURE PRODUCTS — 1.7%
Brunswick Corp.		19,228		870,836
Polaris Industries, Inc.		13,636		1,905,086

				2,775,922

LIFE SCIENCES TOOLS & SERVICES — 1.3%
Charles River Laboratories International, Inc. (b)		9,778		590,004
Covance, Inc. (b)		11,743		1,220,098
Techne Corp.		3,903		333,199

				2,143,301

MACHINERY — 6.5%
CLARCOR, Inc.		5,341		306,306
Crane Co.		5,339		379,870
Donaldson Co., Inc.		16,579		702,950
Graco, Inc.		12,530		936,492
Harsco Corp.		7,803		182,824
IDEX Corp.		16,604		1,210,266
ITT Corp.		7,215		308,513
Kennametal, Inc.		6,465		286,400
Lincoln Electric Holdings, Inc.		16,707		1,203,071
Nordson Corp.		12,531		883,310
Terex Corp.		22,827		1,011,236
Trinity Industries, Inc.		15,955		1,149,877
Valmont Industries, Inc. (a)		2,731		406,482

SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Wabtec Corp.		19,872	$	1,540,080
Woodward, Inc.		5,240		217,617

				10,725,294

MARINE — 0.7%
Kirby Corp. (a)(b)		11,738		1,188,472

MEDIA — 1.3%
AMC Networks, Inc. (Class A) (b)		12,290		898,276
Cinemark Holdings, Inc.		9,584		278,032
DreamWorks Animation SKG, Inc. (Class A) (a)(b)		14,609		387,869
Lamar Advertising Co. (Class A) (b)		8,302		423,319
Meredith Corp.		4,688		217,664

				2,205,160

METALS & MINING — 0.7%
Carpenter Technology Corp. (a)		6,865		453,365
Compass Minerals International, Inc.		2,723		224,702
Worthington Industries, Inc.		10,882		416,236

				1,094,303

OIL, GAS & CONSUMABLE FUELS — 3.0%
Bill Barrett Corp. (b)		4,688		120,013
Cimarex Energy Co.		11,306		1,346,658
Energen Corp.		8,909		719,936
Gulfport Energy Corp. (b)		17,614		1,253,765
Rosetta Resources, Inc. (b)		12,778		595,199
SM Energy Co.		13,908		991,501

				5,027,072

PAPER & FOREST PRODUCTS — 0.1%
Louisiana-Pacific Corp. (a)(b)		13,909		234,645

PHARMACEUTICALS — 2.0%
Endo International PLC (b)		28,443		1,952,612
Salix Pharmaceuticals, Ltd. (a)(b)		13,152		1,362,679

				3,315,291

PROFESSIONAL SERVICES — 1.3%
FTI Consulting, Inc. (a)(b)		4,577		152,597
The Corporate Executive Board Co.		6,861		509,292
Towers Watson & Co. (Class A)		13,268		1,513,216

				2,175,105

REAL ESTATE INVESTMENT TRUSTS — 5.7%
BRE Properties, Inc.		10,707		672,185
Duke Realty Corp.		25,342		427,773
Equity One, Inc.		5,233		116,905
Essex Property Trust, Inc.		4,534		771,007
Extra Space Storage, Inc.		22,821		1,107,047
Federal Realty Investment Trust		7,109		815,544
Highwoods Properties, Inc.		8,059		309,546
Kilroy Realty Corp.		7,763		454,756
Liberty Property Trust		14,723		544,162
Mid-America Apartment Communities, Inc.		6,573		448,739
OMEGA Healthcare Investors, Inc.		25,738		862,738
Potlatch Corp.		4,268		165,129
Rayonier, Inc.		10,813		496,425
Regency Centers Corp.		8,482		433,091
Senior Housing Properties Trust		17,381		390,551
Taubman Centers, Inc.		6,725		476,063
UDR, Inc.		21,526		556,017
Weingarten Realty Investors		10,342		310,260

				9,357,938

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2%
Alexander & Baldwin, Inc.		8,705		370,485

ROAD & RAIL — 2.2%
Con-way, Inc.		5,131		210,782
Genesee & Wyoming, Inc. (Class A) (b)		10,568		1,028,478
J.B. Hunt Transport Services, Inc.		18,798		1,351,952
Landstar System, Inc.		3,878		229,655
Old Dominion Freight Line, Inc. (b)		14,279		810,190

				3,631,057

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.5%
Advanced Micro Devices, Inc. (a)(b)		59,229		237,508
Atmel Corp. (b)		37,460		313,165
Cree, Inc. (a)(b)		25,148		1,422,371
Cypress Semiconductor Corp. (a)(b)		11,704		120,200
Integrated Device Technology, Inc. (b)		17,795		217,633
Semtech Corp. (b)		7,202		182,499
Skyworks Solutions, Inc. (b)		25,006		938,225
SunEdison, Inc. (b)		34,687		653,503

				4,085,104

SOFTWARE — 6.4%
ACI Worldwide, Inc. (b)		7,873		466,003
Advent Software, Inc.		8,228		241,574
Ansys, Inc. (b)		19,179		1,477,167
Cadence Design Systems, Inc. (b)		39,517		614,094
CommVault Systems, Inc. (a)(b)		9,117		592,149
Compuware Corp.		18,182		190,911
Concur Technologies, Inc. (a)(b)		9,892		980,000
FactSet Research Systems, Inc. (a)		5,450		587,565
Fair Isaac Corp.		7,317		404,776
Fortinet, Inc. (b)		10,936		240,920
Informatica Corp. (b)		22,601		853,866
Mentor Graphics Corp.		19,925		438,749
MICROS Systems, Inc. (b)		9,725		514,744
PTC, Inc. (b)		24,344		862,508
SolarWinds, Inc. (b)		13,526		576,613
Solera Holdings, Inc.		9,581		606,861
Synopsys, Inc. (b)		13,960		536,204
TIBCO Software, Inc. (b)		17,276		351,048

				10,535,752

SPECIALTY RETAIL — 2.1%
Advance Auto Parts, Inc.		8,925		1,129,013
Cabela’s, Inc. (a)(b)		4,557		298,529
Chico’s FAS, Inc.		14,304		229,293
Office Depot, Inc. (b)		41,996		173,443
Signet Jewelers, Ltd.		8,964		948,929
Williams-Sonoma, Inc.		11,262		750,500

				3,529,707

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.3%
3D Systems Corp. (a)(b)		19,873		1,175,488
Diebold, Inc. (a)		5,241		209,064
NCR Corp. (b)		19,413		709,545

				2,094,097

SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

TEXTILES, APPAREL & LUXURY GOODS — 3.6%
Carter’s, Inc.		11,118	$	863,313
Deckers Outdoor Corp. (b)		7,232		576,607
Hanesbrands, Inc.		20,587		1,574,494
Kate Spade & Co. (b)		25,500		945,795
Under Armour, Inc. (Class A) (a)(b)		16,625		1,905,890

				5,866,099

THRIFTS & MORTGAGE FINANCE — 0.3%
Washington Federal, Inc.		21,331		497,012

TRADING COMPANIES & DISTRIBUTORS — 1.5%
MSC Industrial Direct Co., Inc. (Class A) (a)		4,808		415,988
United Rentals, Inc. (a)(b)		19,321		1,834,336
Watsco, Inc.		2,298		229,593

				2,479,917

WATER UTILITIES — 0.3%
Aqua America, Inc.		17,722		444,290

TOTAL COMMON STOCKS —
(Cost $147,430,182)				164,872,299

SHORT TERM INVESTMENTS — 10.1%
MONEY MARKET FUNDS — 10.1%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		16,489,721		16,489,721
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		134,214		134,214

TOTAL SHORT TERM INVESTMENTS —
(Cost $16,623,935)				16,623,935

TOTAL INVESTMENTS — 110.0% (f)
(Cost $164,054,117)				181,496,234
OTHER ASSETS & LIABILITIES — (10.0)%				(16,458,505	)

NET ASSETS — 100.0%			$	165,037,729


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
AEROSPACE & DEFENSE — 2.0%
Alliant Techsystems, Inc.		1,743	$	247,768
Esterline Technologies Corp. (a)		3,155		336,134
Exelis, Inc.		19,020		361,570
Huntington Ingalls Industries, Inc.		2,374		242,765
Triumph Group, Inc.		5,252		339,174

				1,527,411

AIR FREIGHT & LOGISTICS — 0.1%
UTI Worldwide, Inc. (b)		9,123		96,613

AIRLINES — 0.2%
JetBlue Airways Corp. (a)(b)		22,734		197,558

AUTOMOBILES — 0.2%
Thor Industries, Inc.		2,300		140,438

BANKS — 4.0%
Bank of Hawaii Corp. (b)		2,473		149,889
Commerce Bancshares, Inc.		4,607		213,857
Cullen/Frost Bankers, Inc. (b)		3,043		235,924
First Horizon National Corp. (b)		23,682		292,236
First Niagara Financial Group, Inc.		35,892		339,179
FirstMerit Corp.		8,292		172,722
Fulton Financial Corp.		19,458		244,782
Hancock Holding Co.		8,259		302,692
International Bancshares Corp.		5,768		144,661
Prosperity Bancshares, Inc. (b)		2,431		160,811
TCF Financial Corp.		16,652		277,422
Trustmark Corp. (b)		6,765		171,493
Valley National Bancorp (b)		20,138		209,637
Webster Financial Corp.		3,971		123,339
Westamerica Bancorporation (b)		1,529		82,688

				3,121,332

BUILDING PRODUCTS — 0.2%
Lennox International, Inc.		1,500		136,365

CAPITAL MARKETS — 1.6%
Eaton Vance Corp.		4,700		179,352
Federated Investors, Inc. (Class B) (b)		4,788		146,225
Greenhill & Co., Inc. (b)		1,257		65,339
Janus Capital Group, Inc. (b)		15,118		164,333
Raymond James Financial, Inc.		12,455		696,608

				1,251,857

CHEMICALS — 3.9%
Albemarle Corp.		4,176		277,370
Ashland, Inc.		7,289		725,110
Cabot Corp.		6,028		356,014
Cytec Industries, Inc.		2,088		203,810
Intrepid Potash, Inc. (a)(b)		5,467		84,520
Minerals Technologies, Inc.		1,402		90,513
NewMarket Corp.		420		164,127
Olin Corp. (b)		8,046		222,150
RPM International, Inc.		6,225		260,454
Sensient Technologies Corp.		5,076		286,337
The Scotts Miracle-Gro Co. (Class A)		2,312		141,679
Valspar Corp.		3,500		252,420

				3,064,504

COMMERCIAL SERVICES & SUPPLIES — 1.3%
Clean Harbors, Inc. (a)(b)		5,600		306,824
Herman Miller, Inc.		2,207		70,911
MSA Safety, Inc.		1,485		84,645
R.R. Donnelley & Sons Co.		7,577		135,628
Rollins, Inc.		2,528		76,447
The Brink’s Co.		4,777		136,383
Waste Connections, Inc.		4,402		193,072

				1,003,910

COMMUNICATIONS EQUIPMENT — 0.9%
ADTRAN, Inc.		3,059		74,670
InterDigital, Inc. (b)		2,700		89,397
JDS Uniphase Corp. (a)		8,600		120,400
Plantronics, Inc.		1,784		79,299
Polycom, Inc. (a)		13,684		187,744
Riverbed Technology, Inc. (a)		7,000		137,970

				689,480

CONSTRUCTION & ENGINEERING — 1.5%
Aecom Technology Corp. (a)		9,869		317,486
Granite Construction, Inc. (b)		3,648		145,665
KBR, Inc.		14,864		396,571
URS Corp. (b)		7,260		341,656

				1,201,378

CONSTRUCTION MATERIALS — 0.4%
Martin Marietta Materials, Inc.		2,456		315,228

CONTAINERS & PACKAGING — 1.9%
AptarGroup, Inc.		3,136		207,290
Greif, Inc. (Class A)		3,093		162,352
Rock-Tenn Co. (Class A)		4,218		445,294
Silgan Holdings, Inc.		4,410		218,383
Sonoco Products Co.		10,348		424,475

				1,457,794

DIVERSIFIED CONSUMER SERVICES — 1.1%
Apollo Education Group, Inc. (a)		10,082		345,208
DeVry Education Group, Inc.		5,731		242,937
Matthews International Corp. (Class A)		1,669		68,112
Service Corp. International		8,900		176,932

				833,189

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.3%
tw telecom, Inc. (a)		6,500		203,190

ELECTRIC UTILITIES — 3.4%
Cleco Corp.		6,135		310,308
Great Plains Energy, Inc.		15,430		417,227
Hawaiian Electric Industries, Inc. (b)		10,075		256,107
IDACORP, Inc. (b)		5,101		282,952
OGE Energy Corp.		20,077		738,031
PNM Resources, Inc.		8,036		217,213
Westar Energy, Inc. (b)		12,894		453,353

				2,675,191

ELECTRICAL EQUIPMENT — 1.0%
General Cable Corp. (b)		4,966		127,179
Hubbell, Inc. (Class B)		2,498		299,436
Regal-Beloit Corp.		4,579		332,939

				759,554

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.4%
Arrow Electronics, Inc. (a)		10,085		598,646
Avnet, Inc.		13,895		646,534
Ingram Micro, Inc. (Class A) (a)		15,630		462,023

SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Itron, Inc. (a)(b)		3,900	$	138,606
Knowles Corp. (a)		5,000		157,850
National Instruments Corp.		3,500		100,415
Tech Data Corp. (a)		3,798		231,526
Vishay Intertechnology, Inc. (b)		13,720		204,154
Zebra Technologies Corp. (Class A) (a)		2,093		145,275

				2,685,029

ENERGY EQUIPMENT & SERVICES — 2.2%
Atwood Oceanics, Inc. (a)		5,831		293,824
Dresser-Rand Group, Inc. (a)(b)		3,197		186,737
Helix Energy Solutions Group, Inc. (a)		9,889		227,249
Superior Energy Services, Inc.		15,941		490,345
Tidewater, Inc. (b)		5,025		244,315
Unit Corp. (a)		4,373		285,907

				1,728,377

FOOD & STAPLES RETAILING — 0.5%
United Natural Foods, Inc. (a)		5,020		356,018

FOOD PRODUCTS — 2.3%
Dean Foods Co. (b)		9,422		145,664
Flowers Foods, Inc.		5,463		117,181
Hillshire Brands Co.		12,255		456,621
Ingredion, Inc.		7,440		506,515
Lancaster Colony Corp.		1,013		100,713
Post Holdings, Inc. (a)		3,792		209,015
Tootsie Roll Industries, Inc.		1,091		32,658
WhiteWave Foods Co. (Class A) (a)		8,216		234,485

				1,802,852

GAS UTILITIES — 2.5%
Atmos Energy Corp.		10,043		473,327
National Fuel Gas Co. (b)		4,638		324,845
ONE Gas, Inc. (a)		5,200		186,836
Questar Corp.		9,345		222,224
UGI Corp.		11,570		527,708
WGL Holdings, Inc.		5,265		210,916

				1,945,856

HEALTH CARE EQUIPMENT & SUPPLIES — 2.2%
Hill-Rom Holdings, Inc. (b)		2,636		101,591
Hologic, Inc. (a)		11,236		241,574
IDEXX Laboratories, Inc. (a)		2,100		254,940
ResMed, Inc. (b)		5,200		232,388
Sirona Dental Systems, Inc. (a)(b)		2,500		186,675
STERIS Corp.		2,394		114,313
Teleflex, Inc.		2,223		238,395
The Cooper Cos., Inc.		1,800		247,248
Thoratec Corp. (a)		2,600		93,106

				1,710,230

HEALTH CARE PROVIDERS & SERVICES — 3.5%
Community Health Systems, Inc. (a)		11,421		447,360
Health Net, Inc. (a)		8,063		274,223
Henry Schein, Inc. (a)		3,778		450,980
HMS Holdings Corp. (a)(b)		3,100		59,055
LifePoint Hospitals, Inc. (a)		4,742		258,676
MEDNAX, Inc. (a)		3,430		212,591
Omnicare, Inc.		6,117		365,001
Owens & Minor, Inc. (b)		6,368		223,071
VCA Antech, Inc. (a)		4,468		144,004
WellCare Health Plans, Inc. (a)		4,363		277,138

				2,712,099

HEALTH CARE TECHNOLOGY — 0.2%
Allscripts Healthcare Solutions, Inc. (a)(b)		7,305		131,709

HOTELS, RESTAURANTS & LEISURE — 0.5%
Bob Evans Farms, Inc. (b)		1,300		65,039
International Speedway Corp. (Class A)		2,829		96,158
Life Time Fitness, Inc. (a)(b)		3,957		190,331
The Cheesecake Factory, Inc. (b)		1,700		80,971

				432,499

HOUSEHOLD DURABLES — 0.6%
KB Home		8,300		141,017
M.D.C. Holdings, Inc. (b)		3,900		110,292
NVR, Inc. (a)		201		230,547

				481,856

HOUSEHOLD PRODUCTS — 1.0%
Church & Dwight Co., Inc. (b)		6,148		424,643
Energizer Holdings, Inc.		3,499		352,489

				777,132

INDUSTRIAL CONGLOMERATES — 0.3%
Carlisle Cos., Inc.		3,116		247,223

INSURANCE — 9.1%
Alleghany Corp. (a)		1,684		686,028
American Financial Group, Inc.		7,227		417,070
Arthur J. Gallagher & Co.		5,694		270,920
Aspen Insurance Holdings, Ltd.		6,578		261,147
Brown & Brown, Inc.		5,721		175,978
Everest Re Group, Ltd.		4,760		728,518
Fidelity National Financial, Inc. (Class A)		27,697		870,794
First American Financial Corp. (b)		10,700		284,085
HCC Insurance Holdings, Inc.		10,030		456,265
Kemper Corp.		5,199		203,645
Mercury General Corp. (b)		3,645		164,317
Primerica, Inc.		5,573		262,544
Protective Life Corp.		7,902		415,566
Reinsurance Group of America, Inc.		7,165		570,549
RenaissanceRe Holdings, Ltd. (b)		3,030		295,728
StanCorp Financial Group, Inc.		4,429		295,857
The Hanover Insurance Group, Inc.		4,460		274,022
W.R. Berkley Corp.		10,441		434,554

				7,067,587

INTERNET & CATALOG RETAIL — 0.3%
HSN, Inc.		3,400		203,082

INTERNET SOFTWARE & SERVICES — 0.9%
AOL, Inc. (a)		7,887		345,214
Equinix, Inc. (a)(b)		2,139		395,373

				740,587

IT SERVICES — 1.6%
Convergys Corp. (b)		10,234		224,227
DST Systems, Inc.		1,350		127,966
Leidos Holdings, Inc. (b)		7,348		259,899
ManTech International Corp. (Class A)		2,434		71,584
Science Applications International Corp. (b)		4,161		155,580

SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

VeriFone Systems, Inc. (a)		11,040	$	373,373

				1,212,629

LIFE SCIENCES TOOLS & SERVICES — 0.5%
Bio-Rad Laboratories, Inc. (Class A) (a)		2,016		258,290
Techne Corp.		1,448		123,616

				381,906

MACHINERY — 4.3%
AGCO Corp.		8,791		484,912
CLARCOR, Inc.		2,420		138,787
Crane Co.		2,396		170,475
Donaldson Co., Inc.		5,383		228,239
Harsco Corp.		4,293		100,585
ITT Corp.		5,554		237,489
Kennametal, Inc. (b)		4,725		209,318
Oshkosh Corp.		8,434		496,510
SPX Corp.		4,484		440,822
Timken Co.		7,800		458,484
Valmont Industries, Inc. (b)		1,380		205,399
Woodward, Inc.		3,534		146,767

				3,317,787

MEDIA — 1.1%
Cinemark Holdings, Inc.		5,800		168,258
John Wiley & Sons, Inc. (Class A) (b)		4,674		269,409
Lamar Advertising Co. (Class A) (a)		2,500		127,475
Meredith Corp.		1,416		65,745
The New York Times Co. (Class A) (b)		12,666		216,842

				847,729

METALS & MINING — 2.4%
Carpenter Technology Corp. (b)		2,027		133,863
Commercial Metals Co.		11,813		223,030
Compass Minerals International, Inc.		2,020		166,690
Reliance Steel & Aluminum Co.		7,853		554,893
Royal Gold, Inc. (b)		6,600		413,292
Steel Dynamics, Inc.		22,514		400,524

				1,892,292

MULTI-UTILITIES — 2.4%
Alliant Energy Corp.		11,181		635,193
Black Hills Corp.		4,533		261,327
MDU Resources Group, Inc.		19,129		656,316
Vectren Corp.		8,337		328,394

				1,881,230

MULTILINE RETAIL — 0.6%
Big Lots, Inc. (a)		5,862		221,994
J.C. Penney Co., Inc. (a)(b)		30,779		265,315

				487,309

OIL, GAS & CONSUMABLE FUELS — 3.1%
Alpha Natural Resources, Inc. (a)(b)		22,066		93,781
Bill Barrett Corp. (a)(b)		2,553		65,357
Cimarex Energy Co.		3,230		384,725
Energen Corp.		2,977		240,571
HollyFrontier Corp.		20,060		954,455
World Fuel Services Corp. (b)		7,194		317,255
WPX Energy, Inc. (a)		20,300		366,009

				2,422,153

PAPER & FOREST PRODUCTS — 0.6%
Domtar Corp.		3,270		366,959
Louisiana-Pacific Corp. (a)(b)		7,400		124,838

				491,797

PHARMACEUTICALS — 0.5%
Mallinckrodt PLC (a)		5,800		367,778

PROFESSIONAL SERVICES — 0.9%
FTI Consulting, Inc. (a)(b)		1,779		59,312
Manpower, Inc.		7,984		629,379

				688,691

REAL ESTATE INVESTMENT TRUSTS — 12.5%
Alexandria Real Estate Equities, Inc.		7,249		525,987
American Campus Communities, Inc.		10,639		397,367
BioMed Realty Trust, Inc.		19,398		397,465
BRE Properties, Inc.		2,554		160,340
Camden Property Trust		8,653		582,693
Corporate Office Properties Trust		8,782		233,952
Corrections Corp. of America		11,600		363,312
Duke Realty Corp.		20,437		344,977
Equity One, Inc.		3,795		84,780
Essex Property Trust, Inc. (b)		1,651		280,753
Federal Realty Investment Trust		3,260		373,987
Highwoods Properties, Inc.		5,122		196,736
Home Properties, Inc.		5,763		346,472
Hospitality Properties Trust		15,084		433,213
Kilroy Realty Corp.		4,487		262,848
Liberty Property Trust		7,539		278,641
Mack-Cali Realty Corp.		8,806		183,077
Mid-America Apartment Communities, Inc.		4,333		295,814
National Retail Properties, Inc. (b)		12,359		424,161
Potlatch Corp.		1,994		77,148
Rayonier, Inc.		7,417		340,514
Realty Income Corp. (b)		22,074		901,944
Regency Centers Corp.		5,140		262,448
Senior Housing Properties Trust		10,464		235,126
SL Green Realty Corp.		9,601		966,053
Taubman Centers, Inc.		3,056		216,334
UDR, Inc.		14,672		378,978
Weingarten Realty Investors		6,213		186,390

				9,731,510

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.7%
Jones Lang LaSalle, Inc.		4,500		533,250

ROAD & RAIL — 0.5%
Con-way, Inc.		3,191		131,086
Landstar System, Inc.		2,725		161,375
Werner Enterprises, Inc. (b)		4,563		116,402

				408,863

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.0%
Advanced Micro Devices, Inc. (a)(b)		32,612		130,774
Atmel Corp. (a)		24,300		203,148
Cypress Semiconductor Corp. (a)(b)		8,246		84,686
Fairchild Semiconductor International, Inc. (a)		12,471		171,975
Integrated Device Technology, Inc. (a)		5,059		61,872
International Rectifier Corp. (a)		7,198		197,225
Intersil Corp. (Class A)		12,945		167,249

SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

RF Micro Devices, Inc. (a)		28,529	$	224,809
Semtech Corp. (a)		3,400		86,156
Silicon Laboratories, Inc. (a)		3,981		208,007
Skyworks Solutions, Inc. (a)		6,800		255,136
SunEdison, Inc. (a)(b)		7,617		143,504
Teradyne, Inc. (a)(b)		19,350		384,872

				2,319,413

SOFTWARE — 2.1%
Cadence Design Systems, Inc. (a)		9,500		147,630
Compuware Corp.		12,742		133,791
FactSet Research Systems, Inc.		1,358		146,406
Fortinet, Inc. (a)		8,400		185,052
MICROS Systems, Inc. (a)		2,807		148,575
Rovi Corp. (a)		9,862		224,656
Solera Holdings, Inc.		2,197		139,158
Synopsys, Inc. (a)		8,729		335,281
TIBCO Software, Inc. (a)		6,900		140,208

				1,600,757

SPECIALTY RETAIL — 5.8%
Aaron’s, Inc. (b)		7,260		219,542
Abercrombie & Fitch Co. (Class A)		7,700		296,450
Advance Auto Parts, Inc.		3,021		382,157
American Eagle Outfitters, Inc. (b)		17,100		209,304
ANN, Inc. (a)		4,600		190,808
Ascena Retail Group, Inc. (a)		13,000		224,640
Cabela’s, Inc. (a)(b)		2,400		157,224
Chico’s FAS, Inc.		8,900		142,667
CST Brands, Inc. (b)		7,627		238,268
Dick’s Sporting Goods, Inc.		10,300		562,483
Foot Locker, Inc.		14,800		695,304
Guess?, Inc.		5,983		165,131
Murphy USA, Inc. (a)		4,480		181,843
Office Depot, Inc. (a)(b)		27,175		112,233
Rent-A-Center, Inc. (b)		5,384		143,214
Signet Jewelers, Ltd.		3,748		396,763
Williams-Sonoma, Inc. (b)		3,400		226,576

				4,544,607

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.9%
Diebold, Inc. (b)		3,907		155,850
Lexmark International, Inc. (Class A) (b)		6,255		289,544
NCR Corp. (a)		7,435		271,749

				717,143

THRIFTS & MORTGAGE FINANCE — 1.1%
Astoria Financial Corp.		8,420		116,364
New York Community Bancorp, Inc. (b)		44,607		716,835

				833,199

TOBACCO — 0.2%
Universal Corp. (b)		2,371		132,515

TRADING COMPANIES & DISTRIBUTORS — 0.9%
GATX Corp.		4,677		317,475
MSC Industrial Direct Co., Inc. (Class A) (b)		2,400		207,648
Watsco, Inc.		1,528		152,662

				677,785

WATER UTILITIES — 0.3%
Aqua America, Inc.		9,115		228,513

WIRELESS TELECOMMUNICATION SERVICES — 0.3%
Telephone & Data Systems, Inc.		9,991		261,864

TOTAL COMMON STOCKS —
(Cost $68,104,877)				77,677,848

SHORT TERM INVESTMENTS — 14.6%
MONEY MARKET FUNDS — 14.6%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		11,308,422		11,308,422
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		53,747		53,747

TOTAL SHORT TERM INVESTMENTS —
(Cost $11,362,169)				11,362,169

TOTAL INVESTMENTS — 114.4% (f)
(Cost $79,467,046)				89,040,017
OTHER ASSETS & LIABILITIES — (14.4)%				(11,230,496	)

NET ASSETS — 100.0%			$	77,809,521


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

100

SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
AEROSPACE & DEFENSE — 2.6%
AAR Corp.		25,542	$	662,815
Aerovironment, Inc. (a)		13,152		529,368
American Science & Engineering, Inc.		5,075		340,888
Cubic Corp.		13,656		697,412
Curtiss-Wright Corp.		31,448		1,998,206
Engility Holdings, Inc. (a)		11,216		505,281
GenCorp, Inc. (a)(b)		39,558		722,725
Moog, Inc. (Class A) (a)		29,413		1,926,845
National Presto Industries, Inc.		3,171		247,465
Orbital Sciences Corp. (a)		39,448		1,100,599
Taser International, Inc. (a)		33,700		616,373
Teledyne Technologies, Inc. (a)		24,403		2,375,144

				11,723,121

AIR FREIGHT & LOGISTICS — 0.5%
Atlas Air Worldwide Holdings, Inc. (a)		16,311		575,289
Forward Air Corp.		19,713		908,966
HUB Group, Inc. (Class A) (a)(b)		22,851		913,812

				2,398,067

AIRLINES — 0.3%
Allegiant Travel Co.		9,476		1,060,649
SkyWest, Inc.		32,682		417,022

				1,477,671

AUTO COMPONENTS — 0.6%
Dorman Products, Inc. (a)(b)		19,767		1,167,439
Drew Industries, Inc.		14,263		773,055
Spartan Motors, Inc.		21,923		112,684
Standard Motor Products, Inc.		13,861		495,808
Superior Industries International, Inc.		15,342		314,357

				2,863,343

AUTOMOBILES — 0.1%
Winnebago Industries, Inc. (a)		18,571		508,660

BANKS — 7.8%
Bank of the Ozarks, Inc.		21,289		1,448,929
Banner Corp.		12,713		523,903
BBCN Bancorp, Inc.		51,110		876,025
Boston Private Financial Holdings, Inc.		52,137		705,414
Cardinal Financial Corp. (b)		19,546		348,505
City Holding Co.		10,213		458,155
Columbia Banking System, Inc.		33,035		942,158
Community Bank System, Inc. (b)		26,086		1,017,876
CVB Financial Corp. (b)		61,124		971,872
F.N.B. Corp. (b)		107,384		1,438,946
First BanCorp- Puerto Rico (a)		64,096		348,682
First Commonwealth Financial Corp.		62,404		564,132
First Financial Bancorp		37,702		677,882
First Financial Bankshares, Inc. (b)		19,807		1,223,875
First Midwest Bancorp, Inc.		49,058		837,911
Glacier Bancorp, Inc. (b)		48,112		1,398,616
Hanmi Financial Corp.		20,465		476,834
Home Bancshares, Inc.		31,027		1,067,949
Independent Bank Corp.-Massachusetts (b)		15,640		615,747
MB Financial, Inc.		35,513		1,099,482
National Penn Bancshares, Inc.		75,147		785,286
NBT Bancorp, Inc.		28,895		706,772
Old National Bancorp		65,773		980,675
PacWest Bancorp (b)		26,067		1,121,142
Pinnacle Financial Partners, Inc.		21,582		809,109
PrivateBancorp, Inc.		42,148		1,285,935
S&T Bancorp, Inc. (b)		19,853		470,516
Simmons First National Corp. (b)		10,326		384,850
Sterling Bancorp		50,889		644,255
Susquehanna Bancshares, Inc.		121,099		1,379,318
Taylor Capital Group, Inc. (a)		9,754		233,316
Texas Capital Bancshares, Inc. (a)(b)		27,995		1,817,995
Tompkins Financial Corp.		7,558		370,040
UMB Financial Corp. (b)		24,311		1,572,922
Umpqua Holdings Corp. (b)		73,503		1,370,096
United Bankshares, Inc.		40,610		1,243,478
United Community Banks, Inc. (a)		25,795		500,681
ViewPoint Financial Group		23,458		676,763
Wilshire Bancorp, Inc.		43,841		486,635
Wintrust Financial Corp.		29,995		1,459,557

				35,342,234

BEVERAGES — 0.3%
Boston Beer Co., Inc. (Class A) (a)(b)		5,765		1,410,868

BIOTECHNOLOGY — 0.7%
Acorda Therapeutics, Inc. (a)		27,146		1,029,105
ArQule, Inc. (a)(b)		35,625		73,032
Emergent Biosolutions, Inc. (a)(b)		18,634		470,881
Ligand Pharmaceuticals, Inc. (Class B) (a)(b)		13,561		912,113
Momenta Pharmaceuticals, Inc. (a)(b)		30,071		350,327
Spectrum Pharmaceuticals, Inc. (a)(b)		34,449		270,080

				3,105,538

BUILDING PRODUCTS — 1.0%
AAON, Inc.		18,093		504,252
American Woodmark Corp. (a)		7,619		256,456
Apogee Enterprises, Inc.		18,774		623,860
Gibraltar Industries, Inc. (a)		18,721		353,265
Griffon Corp.		28,193		336,624
Quanex Building Products Corp. (b)		24,715		511,106
Simpson Manufacturing Co., Inc.		26,935		951,614
Universal Forest Products, Inc.		13,004		719,641

				4,256,818

CAPITAL MARKETS — 1.8%
Calamos Asset Management, Inc. (Class A)		12,486		161,444
Evercore Partners, Inc. (Class A)		22,692		1,253,733
Financial Engines, Inc. (b)		33,395		1,695,798
FXCM, Inc. (Class A) (b)		23,568		348,099
HFF, Inc. (Class A)		21,457		721,170
Investment Technology Group, Inc. (a)		24,289		490,638
Piper Jaffray Co., Inc. (a)		10,659		488,182
Stifel Financial Corp. (a)		39,669		1,973,930
SWS Group, Inc. (a)		18,195		136,099
Virtus Investment Partners, Inc. (a)		4,519		782,555

				8,051,648

CHEMICALS — 2.9%
A. Schulman, Inc.		18,834		682,921
American Vanguard Corp. (b)		15,921		344,690
Balchem Corp.		19,687		1,026,086
Calgon Carbon Corp. (a)		35,637		777,956
Flotek Industries, Inc. (a)(b)		29,428		819,570

101

SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

FutureFuel Corp. (b)		14,759	$	299,608
H.B. Fuller Co.		32,676		1,577,597
Hawkins, Inc. (b)		6,129		225,179
Innophos Holdings, Inc.		14,319		811,887
Koppers Holdings, Inc.		13,504		556,770
Kraton Performance Polymers, Inc. (a)		21,040		549,986
LSB Industries, Inc. (a)		12,337		461,651
OM Group, Inc.		20,901		694,331
PolyOne Corp.		62,482		2,290,590
Quaker Chemical Corp.		8,463		667,138
Stepan Co.		12,272		792,280
Tredegar Corp.		16,822		387,074
Zep, Inc.		14,594		258,314

				13,223,628

COMMERCIAL SERVICES & SUPPLIES — 2.3%
ABM Industries, Inc.		33,469		961,899
G & K Services, Inc. (Class A)		12,953		792,335
Healthcare Services Group, Inc. (b)		45,895		1,333,709
Interface, Inc.		38,056		782,051
Mobile Mini, Inc. (b)		26,933		1,167,815
Tetra Tech, Inc. (a)(b)		42,585		1,260,090
The Geo Group, Inc.		47,173		1,520,857
UniFirst Corp.		9,851		1,083,019
United Stationers, Inc.		25,782		1,058,867
Viad Corp.		12,960		311,558

				10,272,200

COMMUNICATIONS EQUIPMENT — 1.7%
Arris Group, Inc. (a)		77,252		2,176,961
Bel Fuse, Inc. (Class B)		6,513		142,635
Black Box Corp.		10,463		254,669
CalAmp Corp. (a)		21,998		613,084
Comtech Telecommunications Corp.		10,258		326,820
Digi International, Inc. (a)		16,720		169,708
Harmonic, Inc. (a)		65,668		468,870
Ixia (a)		36,682		458,525
Netgear, Inc. (a)(b)		23,749		801,054
Oplink Communications, Inc. (a)		11,357		203,972
PC-Tel, Inc.		11,255		98,256
Procera Networks, Inc. (a)(b)		13,164		136,774
ViaSat, Inc. (a)(b)		27,747		1,915,653

				7,766,981

CONSTRUCTION & ENGINEERING — 0.9%
Aegion Corp. (a)(b)		25,073		634,598
Comfort Systems USA, Inc.		24,207		368,915
Dycom Industries, Inc. (a)		22,333		705,946
EMCOR Group, Inc.		43,500		2,035,365
Orion Marine Group, Inc. (a)		18,022		226,536

				3,971,360

CONSTRUCTION MATERIALS — 0.4%
Headwaters, Inc. (a)		47,435		626,616
Texas Industries, Inc. (a)		13,861		1,242,223

				1,868,839

CONSUMER FINANCE — 1.2%
Cash America International, Inc. (b)		18,354		710,667
Encore Capital Group, Inc. (a)(b)		15,106		690,344
Ezcorp, Inc. (Class A) (a)		35,510		383,153
First Cash Financial Services, Inc. (a)		18,842		950,767
Green Dot Corp. (Class A) (a)(b)		13,716		267,874
Portfolio Recovery Associates, Inc. (a)(b)		32,563		1,884,095
World Acceptance Corp. (a)(b)		6,934		520,605

				5,407,505

CONTAINERS & PACKAGING — 0.1%
Myers Industries, Inc.		17,189		342,405

DISTRIBUTORS — 0.5%
Pool Corp.		29,814		1,828,194
VOXX International Corp. (a)		12,820		175,378

				2,003,572

DIVERSIFIED CONSUMER SERVICES — 0.8%
American Public Education, Inc. (a)(b)		11,441		401,350
Capella Education Co.		7,150		451,523
Career Education Corp. (a)		37,059		276,460
Hillenbrand, Inc.		41,257		1,333,839
ITT Educational Services, Inc. (a)(b)		11,631		333,577
Regis Corp. (b)		27,918		382,477
Strayer Education, Inc. (a)		6,998		324,917
Universal Technical Institute, Inc.		13,537		175,304

				3,679,447

DIVERSIFIED FINANCIAL SERVICES — 0.5%
Interactive Brokers Group, Inc. (Class A)		32,637		707,244
MarketAxess Holdings, Inc.		24,777		1,467,294

				2,174,538

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.4%
8x8, Inc. (a)(b)		52,800		570,768
Atlantic Tele-Network, Inc.		6,482		427,293
Cbeyond, Inc. (a)		18,706		135,619
Cincinnati Bell, Inc. (a)		134,816		466,463
General Communication, Inc. (Class A) (a)		20,161		230,037
Lumos Networks Corp.		11,546		154,370

				1,984,550

ELECTRIC UTILITIES — 1.2%
ALLETE, Inc. (b)		24,964		1,308,613
El Paso Electric Co.		26,333		940,878
UIL Holdings Corp. (b)		36,521		1,344,338
UNS Energy Corp. (b)		27,238		1,635,097

				5,228,926

ELECTRICAL EQUIPMENT — 1.3%
AZZ, Inc. (b)		16,686		745,530
Brady Corp. (Class A)		30,698		833,451
Encore Wire Corp.		12,165		590,124
EnerSys (b)		30,834		2,136,488
Franklin Electric Co., Inc.		25,473		1,083,112
Powell Industries, Inc.		5,951		385,625
Vicor Corp. (a)		11,799		120,350

				5,894,680

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.5%
Agilysys, Inc. (a)		9,043		121,176
Anixter International, Inc.		17,421		1,768,580
Badger Meter, Inc. (b)		9,560		526,756
Belden, Inc.		28,210		1,963,416
Benchmark Electronics, Inc. (a)		35,309		799,749

102

SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Checkpoint Systems, Inc. (a)		27,060	$	363,145
Cognex Corp. (a)		53,825		1,822,515
Coherent, Inc. (a)		16,159		1,055,991
CTS Corp.		21,978		458,901
Daktronics, Inc.		24,783		356,627
DTS, Inc. (a)(b)		11,694		231,073
Electro Scientific Industries, Inc.		16,875		166,219
FARO Technologies, Inc. (a)		11,366		602,398
FEI Co.		27,553		2,838,510
II-VI, Inc. (a)		35,509		547,904
Insight Enterprises, Inc. (a)		27,636		693,940
Littelfuse, Inc.		14,565		1,363,867
Measurement Specialties, Inc. (a)		9,760		662,216
Mercury Computer Systems, Inc. (a)		21,566		284,887
Methode Electronics, Inc. (Class A)		22,930		703,034
MTS Systems Corp. (b)		10,032		687,092
Newport Corp. (a)		26,029		538,280
OSI Systems, Inc. (a)		12,192		729,813
Park Electrochemical Corp. (b)		13,612		406,590
Plexus Corp. (a)		22,061		883,984
Rofin-Sinar Technologies, Inc. (a)		17,938		429,794
Rogers Corp. (a)		11,467		715,770
Sanmina Corp. (a)		54,305		947,622
Scansource, Inc. (a)		18,733		763,744
SYNNEX Corp. (a)		17,035		1,032,491
TTM Technologies, Inc. (a)		35,053		296,198

				24,762,282

ENERGY EQUIPMENT & SERVICES — 2.4%
Basic Energy Services, Inc. (a)(b)		17,392		476,715
Bristow Group, Inc.		23,755		1,793,978
C&J Energy Services, Inc. (a)(b)		30,256		882,265
Era Group, Inc. (a)		11,988		351,368
Exterran Holdings, Inc.		37,959		1,665,641
Geospace Technologies Corp. (a)(b)		8,601		569,128
Gulf Island Fabrication, Inc.		7,889		170,481
Hornbeck Offshore Services, Inc. (a)(b)		21,184		885,703
ION Geophysical Corp. (a)(b)		84,865		357,282
Matrix Service Co. (a)		17,116		578,178
Newpark Resources, Inc. (a)		57,032		653,016
Pioneer Energy Services Corp. (a)		40,991		530,833
SEACOR Holdings, Inc. (a)(b)		12,254		1,058,991
Tesco Corp. (a)(b)		20,258		374,773
Tetra Technologies, Inc. (a)		51,447		658,522

				11,006,874

FOOD & STAPLES RETAILING — 0.7%
Casey’s General Stores, Inc.		25,048		1,692,994
Spartan Stores, Inc.		24,925		578,509
The Andersons, Inc.		17,357		1,028,229

				3,299,732

FOOD PRODUCTS — 2.2%
Annie’s, Inc. (a)(b)		11,273		453,062
B&G Foods, Inc.		34,886		1,050,417
Cal-Maine Foods, Inc. (b)		9,571		600,867
Calavo Growers, Inc. (b)		9,344		332,460
Darling International, Inc. (a)		107,419		2,150,528
Diamond Foods, Inc. (a)(b)		14,544		508,022
J&J Snack Foods Corp.		9,435		905,477
Sanderson Farms, Inc. (b)		13,065		1,025,472
Seneca Foods Corp. (Class A) (a)		4,548		143,171
Snyders-Lance, Inc. (b)		31,509		888,239
TreeHouse Foods, Inc. (a)		23,610		1,699,684

				9,757,399

GAS UTILITIES — 1.7%
New Jersey Resources Corp.		27,398		1,364,420
Northwest Natural Gas Co. (b)		17,640		776,336
Piedmont Natural Gas Co., Inc.		50,968		1,803,758
South Jersey Industries, Inc. (b)		21,446		1,202,906
Southwest Gas Corp.		30,440		1,627,018
The Laclede Group, Inc.		19,871		936,918

				7,711,356

HEALTH CARE EQUIPMENT & SUPPLIES — 3.4%
Abaxis, Inc. (a)(b)		13,632		530,012
ABIOMED, Inc. (a)(b)		22,705		591,238
Analogic Corp.		8,069		662,546
Anika Therapeutics, Inc. (a)		7,192		295,591
Cantel Medical Corp.		21,755		733,579
CONMED Corp.		18,060		784,707
CryoLife, Inc.		15,888		158,244
Cyberonics, Inc. (a)		16,172		1,055,223
Cynosure, Inc. (Class A) (a)		12,743		373,370
Greatbatch, Inc. (a)		16,178		742,894
Haemonetics Corp. (a)(b)		33,976		1,107,278
HealthStream, Inc. (a)		13,024		347,741
ICU Medical, Inc. (a)		8,858		530,417
Integra LifeSciences Holdings Corp. (a)		15,466		711,281
Invacare Corp.		18,692		356,456
Meridian Bioscience, Inc. (b)		27,081		590,095
Merit Medical Systems, Inc. (a)		26,500		378,950
Natus Medical, Inc. (a)		18,180		469,044
Neogen Corp. (a)		23,788		1,069,271
NuVasive, Inc. (a)		30,136		1,157,524
SurModics, Inc. (a)		8,569		193,659
Symmetry Medical, Inc. (a)		23,993		241,370
West Pharmaceutical Services, Inc.		46,017		2,027,049

				15,107,539

HEALTH CARE PROVIDERS & SERVICES — 3.3%
Air Methods Corp. (a)(b)		22,737		1,214,838
Almost Family, Inc. (a)		5,339		123,331
Amedisys, Inc. (a)(b)		21,141		314,789
AMN Healthcare Services, Inc. (a)		29,806		409,534
AmSurg Corp. (a)		21,273		1,001,533
Bio-Reference Laboratories, Inc. (a)(b)		16,054		444,375
Centene Corp. (a)		37,488		2,333,628
Chemed Corp. (b)		11,529		1,031,269
Corvel Corp. (a)		7,181		357,327
Cross Country Healthcare, Inc. (a)		17,268		139,353
Gentiva Health Services, Inc. (a)		18,717		170,699
Hanger, Inc. (a)		22,708		764,805
Healthways, Inc. (a)(b)		22,693		388,958
IPC The Hospitalist Co. (a)(b)		10,939		536,886
Kindred Healthcare, Inc.		35,395		828,951
Landauer, Inc.		6,125		277,646
LHC Group, Inc. (a)		7,787		171,781
Magellan Health Services, Inc. (a)		18,012		1,069,012
Molina Healthcare, Inc. (a)		18,355		689,414

103

SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

MWI Veterinary Supply, Inc. (a)		8,345	$	1,298,649
PharMerica Corp. (a)		19,144		535,649
The Ensign Group, Inc.		12,654		552,221

				14,654,648

HEALTH CARE TECHNOLOGY — 0.7%
Computer Programs and Systems, Inc. (b)		6,746		435,792
Medidata Solutions, Inc. (a)		33,251		1,806,859
Omnicell, Inc. (a)		23,552		674,058

				2,916,709

HOTELS, RESTAURANTS & LEISURE — 3.3%
Biglari Holdings, Inc. (a)		949		462,628
BJ’s Restaurants, Inc. (a)(b)		16,078		525,911
Boyd Gaming Corp. (a)(b)		50,032		660,422
Buffalo Wild Wings, Inc. (a)		12,228		1,820,749
Cracker Barrel Old Country Store, Inc. (b)		15,491		1,506,345
DineEquity, Inc.		10,542		823,014
Interval Leisure Group, Inc.		25,885		676,634
Jack in the Box, Inc. (a)		27,922		1,645,723
Marcus Corp.		11,958		199,699
Marriott Vacations Worldwide Corp. (a)		19,894		1,112,273
Monarch Casino & Resort, Inc. (a)		6,429		119,129
Multimedia Games Holding Co., Inc. (a)		19,296		560,356
Papa John’s International, Inc.		20,644		1,075,759
Pinnacle Entertainment, Inc. (a)		38,651		916,029
Red Robin Gourmet Burgers, Inc. (a)		8,451		605,768
Ruby Tuesday, Inc. (a)(b)		37,972		213,023
Ruth’s Hospitality Group, Inc.		23,015		278,251
Sonic Corp. (a)		34,160		778,506
Texas Roadhouse, Inc.		39,132		1,020,563

				15,000,782

HOUSEHOLD DURABLES — 1.6%
Blyth, Inc. (b)		5,375		57,674
Ethan Allen Interiors, Inc. (b)		16,595		422,343
Helen of Troy, Ltd. (a)		17,277		1,196,087
iRobot Corp. (a)(b)		18,843		773,505
La-Z-Boy, Inc.		33,780		915,438
M/I Homes, Inc. (a)		15,512		347,779
Meritage Homes Corp. (a)		24,081		1,008,512
Standard Pacific Corp. (a)(b)		96,492		801,848
The Ryland Group, Inc. (b)		30,132		1,203,171
Universal Electronics, Inc. (a)		10,411		399,678

				7,126,035

HOUSEHOLD PRODUCTS — 0.2%
Central Garden & Pet Co. (Class A) (a)		26,762		221,322
WD-40 Co.		9,224		715,505

				936,827

INSURANCE — 2.0%
AMERISAFE, Inc.		12,011		527,403
eHealth, Inc. (a)		12,047		611,988
Employers Holdings, Inc.		20,385		412,389
HCI Group, Inc. (b)		6,519		237,292
Horace Mann Educators Corp.		26,655		772,995
Infinity Property & Casualty Corp.		7,447		503,641
Meadowbrook Insurance Group, Inc. (b)		30,128		175,646
ProAssurance Corp.		39,961		1,779,463
RLI Corp. (b)		22,149		979,872
Safety Insurance Group, Inc.		8,278		445,770
Selective Insurance Group, Inc.		36,936		861,347
Stewart Information Services Corp. (b)		13,556		476,222
The Navigators Group, Inc. (a)		6,860		421,135
Tower Group International, Ltd.		25,115		67,810
United Fire Group, Inc.		13,939		423,049
Universal Insurance Holdings, Inc. (b)		19,600		248,920

				8,944,942

INTERNET & CATALOG RETAIL — 0.3%
Blue Nile, Inc. (a)(b)		8,261		287,483
FTD Cos., Inc. (a)(b)		12,134		385,983
NutriSystem, Inc.		18,835		283,843
PetMed Express, Inc. (b)		12,973		173,968

				1,131,277

INTERNET SOFTWARE & SERVICES — 2.1%
Blucora, Inc. (a)(b)		26,946		530,567
comScore, Inc. (a)		21,659		710,199
Dealertrack Technologies, Inc. (a)		28,900		1,421,591
Dice Holdings, Inc. (a)		25,534		190,484
Digital River, Inc. (a)		18,096		315,413
j2 Global, Inc. (b)		29,142		1,458,557
Liquidity Services, Inc. (a)(b)		16,812		437,952
LivePerson, Inc. (a)(b)		32,154		388,099
LogMeIn, Inc. (a)(b)		14,883		668,098
Monster Worldwide, Inc. (a)		66,833		499,911
NIC, Inc.		39,100		755,021
OpenTable, Inc. (a)		15,327		1,179,106
Perficient, Inc. (a)		22,468		407,120
QuinStreet, Inc. (a)		18,364		121,937
Stamps.com, Inc. (a)		9,785		328,384
XO Group, Inc. (a)		16,136		163,619

				9,576,058

IT SERVICES — 2.0%
CACI International, Inc. (Class A) (a)(b)		15,255		1,125,819
Cardtronics, Inc. (a)		29,075		1,129,564
CIBER, Inc. (a)		43,150		197,627
CSG Systems International, Inc.		22,106		575,640
ExlService Holdings, Inc. (a)		20,539		634,860
Forrester Research, Inc.		8,009		287,123
Heartland Payment Systems, Inc. (b)		24,058		997,204
Higher One Holdings, Inc. (a)		21,108		152,611
iGate Corp. (a)		19,014		599,702
MAXIMUS, Inc.		44,571		1,999,455
Sykes Enterprises, Inc. (a)		25,373		504,161
TeleTech Holdings, Inc. (a)		12,188		298,728
Virtusa Corp. (a)		16,773		562,063

				9,064,557

LEISURE PRODUCTS — 0.4%
Arctic Cat, Inc.		8,596		410,803
Callaway Golf Co. (b)		51,104		522,283
JAKKS Pacific, Inc. (b)		10,989		79,341
Sturm Ruger & Co, Inc. (b)		12,473		745,885

				1,758,312

104

SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

LIFE SCIENCES TOOLS & SERVICES — 0.7%
Affymetrix, Inc. (a)(b)		46,463	$	331,281
Cambrex Corp. (a)		20,223		381,608
Luminex Corp. (a)(b)		24,148		437,320
PAREXEL International Corp. (a)		36,710		1,985,644

				3,135,853

MACHINERY — 3.5%
Actuant Corp. (Class A)		47,259		1,613,895
Albany International Corp. (Class A)		18,227		647,788
Astec Industries, Inc.		12,127		532,497
Barnes Group, Inc.		30,948		1,190,570
Briggs & Stratton Corp. (b)		30,999		689,728
CIRCOR International, Inc.		11,446		839,335
EnPro Industries, Inc. (a)		13,948		1,013,601
ESCO Technologies, Inc.		17,300		608,787
Federal Signal Corp. (a)		40,898		609,380
John Bean Technologies Corp.		18,095		559,135
Lindsay Corp. (b)		8,317		733,393
Lydall, Inc. (a)		10,861		248,391
Mueller Industries, Inc.		36,556		1,096,314
Standex International Corp.		8,278		443,535
Tennant Co.		11,942		783,634
The Toro Co.		37,130		2,346,245
Titan International, Inc. (b)		35,016		664,954
Watts Water Technologies, Inc. (Class A)		18,641		1,094,040

				15,715,222

MARINE — 0.2%
Matson, Inc.		28,300		698,727

MEDIA — 0.7%
Harte-Hanks, Inc.		28,839		254,937
Live Nation Entertainment, Inc. (a)		92,899		2,020,553
Scholastic Corp. (b)		16,560		570,989
Sizmek, Inc. (a)		15,876		168,762
The E.W. Scripps Co. (Class A) (a)		19,149		339,320

				3,354,561

METALS & MINING — 2.0%
A.M. Castle & Co. (a)(b)		11,326		166,379
AK Steel Holding Corp. (a)(b)		88,500		638,970
AMCOL International Corp. (b)		16,536		757,018
Century Aluminum Co. (a)(b)		34,423		454,728
Globe Specialty Metals, Inc.		42,320		881,103
Haynes International, Inc.		8,015		432,810
Kaiser Aluminum Corp. (b)		12,378		884,037
Materion Corp.		13,490		457,716
Olympic Steel, Inc. (b)		5,899		169,301
RTI International Metals, Inc. (a)		19,668		546,377
Stillwater Mining Co. (a)(b)		77,935		1,154,217
SunCoke Energy, Inc. (a)		45,418		1,037,347
US Silica Holdings, Inc. (b)		34,600		1,320,682

				8,900,685

MULTI-UTILITIES — 0.5%
Avista Corp. (b)		38,814		1,189,649
NorthWestern Corp. (b)		25,452		1,207,189

				2,396,838

MULTILINE RETAIL — 0.2%
Fred’s, Inc. (Class A)		22,808		410,772
Tuesday Morning Corp. (a)(b)		24,088		340,845

				751,617

OIL, GAS & CONSUMABLE FUELS — 2.2%
Approach Resources, Inc. (a)(b)		23,338		487,998
Arch Coal, Inc. (b)		140,470		677,065
Carrizo Oil & Gas, Inc. (a)(b)		26,954		1,440,961
Cloud Peak Energy, Inc. (a)		39,795		841,266
Comstock Resources, Inc. (b)		28,933		661,119
Contango Oil & Gas Co. (a)		9,919		473,533
Forest Oil Corp. (a)(b)		76,007		145,173
Green Plains Renewable Energy, Inc. (b)		17,180		514,713
Northern Oil and Gas, Inc. (a)(b)		37,129		542,826
PDC Energy, Inc. (a)		23,316		1,451,654
Penn Virginia Corp. (a)		34,028		595,150
PetroQuest Energy, Inc. (a)		36,546		208,312
Stone Energy Corp. (a)		32,616		1,368,894
Swift Energy Co. (a)(b)		28,346		305,003

				9,713,667

PAPER & FOREST PRODUCTS — 1.3%
Boise Cascade Co. (a)		20,300		581,392
Clearwater Paper Corp. (a)		13,594		851,936
Deltic Timber Corp.		7,399		482,637
KapStone Paper and Packaging Corp. (a)		52,627		1,517,763
Neenah Paper, Inc.		10,522		544,198
P.H. Glatfelter Co.		27,889		759,138
Schweitzer-Mauduit International, Inc.		20,485		872,456
Wausau Paper Corp. (b)		31,993		407,271

				6,016,791

PERSONAL PRODUCTS — 0.1%
Inter Parfums, Inc.		11,061		400,519
Medifast, Inc. (a)(b)		8,153		237,171

				637,690

PHARMACEUTICALS — 1.5%
Akorn, Inc. (a)(b)		46,796		1,029,512
Hi-Tech Pharmacal Co., Inc. (a)(b)		7,233		313,406
Impax Laboratories, Inc. (a)		42,227		1,115,637
Prestige Brands Holdings, Inc. (a)		33,732		919,197
Questcor Pharmaceuticals, Inc. (b)		36,229		2,352,349
The Medicines Co. (a)(b)		42,339		1,203,275

				6,933,376

PROFESSIONAL SERVICES — 1.5%
CDI Corp.		9,282		159,186
Exponent, Inc.		8,699		652,947
Heidrick & Struggles International, Inc.		10,605		212,842
Insperity, Inc.		14,516		449,706
Kelly Services, Inc. (Class A)		17,396		412,807
Korn/Ferry International (a)		32,679		972,854
Navigant Consulting, Inc. (a)		32,334		603,352
On Assignment, Inc. (a)		30,451		1,175,104
Resources Connection, Inc.		25,834		364,001
TrueBlue, Inc. (a)		26,780		783,583
WageWorks, Inc. (a)		19,396		1,088,310

				6,874,692

REAL ESTATE INVESTMENT TRUSTS — 6.8%
Acadia Realty Trust		36,292		957,383

105

SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Agree Realty Corp.		9,647	$	293,365
American Assets Trust, Inc.		22,484		758,610
Associated Estates Realty Corp.		37,601		636,961
Capstead Mortgage Corp. (b)		62,565		792,073
Cedar Realty Trust, Inc.		43,979		268,712
Coresite Realty Corp.		14,219		440,789
Cousins Properties, Inc.		120,837		1,386,000
DiamondRock Hospitality Co.		126,499		1,486,363
EastGroup Properties, Inc.		19,973		1,256,501
EPR Properties		34,609		1,847,775
Franklin Street Properties Corp.		56,900		716,940
Getty Realty Corp. (b)		17,202		324,946
Government Properties Income Trust (b)		35,240		888,048
Healthcare Realty Trust, Inc.		62,036		1,498,169
Inland Real Estate Corp.		54,676		576,832
Kite Realty Group Trust		84,318		505,908
LaSalle Hotel Properties		67,502		2,113,488
Lexington Realty Trust (b)		133,603		1,457,609
LTC Properties, Inc.		22,678		853,373
Medical Properties Trust, Inc.		111,502		1,426,111
Parkway Properties, Inc.		47,466		866,254
Pennsylvania Real Estate Investment Trust		44,545		804,037
Post Properties, Inc.		35,576		1,746,782
PS Business Parks, Inc.		12,964		1,084,050
Sabra Healthcare REIT, Inc. (b)		25,615		714,402
Saul Centers, Inc.		8,228		389,678
Sovran Self Storage, Inc.		21,307		1,564,999
Tanger Factory Outlet Centers, Inc.		62,349		2,182,215
Universal Health Realty Income Trust		8,531		360,349
Urstadt Biddle Properties, Inc. (Class A)		16,542		341,758

				30,540,480

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1%
Forestar Group, Inc. (a)(b)		22,521		400,874

ROAD & RAIL — 0.7%
Arkansas Best Corp.		15,640		577,898
Heartland Express, Inc. (b)		32,887		746,206
Knight Transportation, Inc. (b)		39,687		917,960
Roadrunner Transportation Systems, Inc. (a)		16,500		416,460
Saia, Inc. (a)		15,781		602,992

				3,261,516

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.4%
Advanced Energy Industries, Inc. (a)		24,829		608,311
ATMI, Inc. (a)		21,733		739,139
Brooks Automation, Inc.		43,047		470,504
Cabot Microelectronics Corp. (a)		16,061		706,684
CEVA, Inc. (a)(b)		14,328		251,600
Cirrus Logic, Inc. (a)(b)		41,474		824,088
Cohu, Inc.		14,717		158,061
Diodes, Inc. (a)		23,726		619,723
DSP Group, Inc. (a)		15,036		129,911
Entropic Communications, Inc. (a)		59,146		241,907
Exar Corp. (a)		30,195		360,830
GT Advanced Technologies, Inc. (a)(b)		88,569		1,510,101
Hittite Microwave Corp.		20,376		1,284,503
Kopin Corp. (a)(b)		39,310		148,592
Kulicke & Soffa Industries, Inc. (a)		49,109		619,265
Micrel, Inc.		28,965		320,932
Microsemi Corp. (a)		61,969		1,551,084
MKS Instruments, Inc.		34,729		1,038,050
Monolithic Power Systems, Inc. (a)		22,956		890,004
Nanometrics, Inc. (a)		14,187		254,940
Pericom Semiconductor Corp. (a)		13,529		105,932
Power Integrations, Inc.		19,516		1,283,762
Rubicon Technology, Inc. (a)(b)		12,899		145,630
Rudolph Technologies, Inc. (a)		21,079		240,511
Sigma Designs, Inc. (a)		19,843		94,453
Supertex, Inc. (a)		6,653		219,416
Synaptics, Inc. (a)(b)		22,990		1,379,860
Tessera Technologies, Inc.		31,478		743,825
TriQuint Semiconductor, Inc. (a)		107,238		1,435,917
Ultratech, Inc. (a)		18,028		526,237
Veeco Instruments, Inc. (a)(b)		26,173		1,097,434

				20,001,206

SOFTWARE — 2.8%
Blackbaud, Inc.		29,887		935,463
Bottomline Technologies, Inc. (a)(b)		24,036		844,865
Ebix, Inc. (b)		20,630		352,154
EPIQ Systems, Inc.		19,250		262,378
Interactive Intelligence Group (a)		10,448		757,480
Manhattan Associates, Inc. (a)		49,902		1,748,067
MicroStrategy, Inc. (a)		5,824		672,031
Monotype Imaging Holdings, Inc.		25,436		766,641
Netscout Systems, Inc. (a)		24,441		918,493
Progress Software Corp. (a)		33,450		729,210
Quality Systems, Inc.		28,238		476,657
Synchronoss Technologies, Inc. (a)(b)		19,716		676,062
Take-Two Interactive Software, Inc. (a)		60,208		1,320,362
Tangoe, Inc. (a)(b)		22,704		422,067
Tyler Technologies, Inc. (a)		18,922		1,583,393
Vasco Data Security International (a)(b)		18,850		142,129

				12,607,452

SPECIALTY RETAIL — 4.5%
Aeropostale, Inc. (a)(b)		51,186		256,954
Barnes & Noble, Inc. (a)(b)		24,225		506,303
Big 5 Sporting Goods Corp.		11,367		182,440
Brown Shoe Co., Inc.		26,830		712,068
Christopher & Banks Corp. (a)		23,717		156,769
Francesca’s Holdings Corp. (a)		27,445		497,852
Genesco, Inc. (a)(b)		15,757		1,175,000
Group 1 Automotive, Inc. (b)		13,705		899,870
Haverty Furniture Cos., Inc.		12,959		384,882
Hibbett Sports, Inc. (a)(b)		16,761		886,322
Jos. A. Bank Clothiers, Inc. (a)		18,074		1,162,158
Kirkland’s, Inc. (a)		9,701		179,372
Lithia Motors, Inc. (Class A)		14,731		979,022
Lumber Liquidators Holdings, Inc. (a)(b)		17,977		1,686,243
MarineMax, Inc. (a)		15,578		236,630
Monro Muffler Brake, Inc. (b)		19,451		1,106,373
Outerwall, Inc. (a)(b)		13,166		954,535
Pep Boys-Manny, Moe & Jack (a)		35,382		450,059
Select Comfort Corp. (a)(b)		36,094		652,580

106

SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Sonic Automotive, Inc. (Class A)		22,680	$	509,846
Stage Stores, Inc. (b)		21,239		519,294
Stein Mart, Inc.		17,919		251,045
The Buckle, Inc. (b)		18,093		828,659
The Cato Corp. (Class A)		17,431		471,334
The Children’s Place Retail Stores, Inc. (b)		14,715		732,954
The Finish Line, Inc. (Class A)		31,637		857,046
The Men’s Wearhouse, Inc.		29,414		1,440,698
Vitamin Shoppe, Inc. (a)		19,860		943,747
Zale Corp. (a)		21,381		447,077
Zumiez, Inc. (a)(b)		14,010		339,602

				20,406,734

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.6%
Electronics for Imaging, Inc. (a)		30,396		1,316,451
Intevac, Inc. (a)		15,361		149,002
QLogic Corp. (a)		56,635		722,096
Super Micro Computer, Inc. (a)		21,049		365,621

				2,553,170

TEXTILES, APPAREL & LUXURY GOODS — 2.0%
Crocs, Inc. (a)		57,016		889,450
G-III Apparel Group, Ltd. (a)		10,915		781,296
Iconix Brand Group, Inc. (a)(b)		31,532		1,238,262
Movado Group, Inc.		11,990		546,144
Oxford Industries, Inc.		9,432		737,582
Perry Ellis International, Inc. (a)		8,104		111,349
Quiksilver, Inc. (a)(b)		83,476		626,905
Skechers U.S.A., Inc. (a)		25,586		934,912
Steven Madden, Ltd. (a)		38,114		1,371,342
Wolverine World Wide, Inc. (b)		65,318		1,864,829

				9,102,071

THRIFTS & MORTGAGE FINANCE — 0.9%
Bank Mutual Corp.		27,655		175,333
BofI Holding, Inc. (a)		7,919		679,054
Brookline Bancorp, Inc.		45,342		427,122
Dime Community Bancshares		18,825		319,648
Northwest Bancshares, Inc.		60,728		886,629
Oritani Financial Corp.		25,599		404,720
Provident Financial Services, Inc.		34,796		639,202
TrustCo Bank Corp. NY (b)		61,142		430,440

				3,962,148

TOBACCO — 0.0% (c)
Alliance One International, Inc. (a)		52,839		154,290

TRADING COMPANIES & DISTRIBUTORS — 0.6%
Applied Industrial Technologies, Inc.		27,627		1,332,726
DXP Enterprises, Inc. (a)		6,859		651,125
Kaman Corp. (b)		17,466		710,517

				2,694,368

WATER UTILITIES — 0.2%
American States Water Co.		25,316		817,454

WIRELESS TELECOMMUNICATION SERVICES — 0.1%
NTELOS Holdings Corp. (b)		9,994		134,919
USA Mobility, Inc.		14,130		256,742

				391,661

TOTAL COMMON STOCKS —
(Cost $359,556,240)				449,735,071

SHORT TERM INVESTMENTS — 17.8%
MONEY MARKET FUNDS — 17.8%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		79,486,183		79,486,183
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		625,940		625,940

TOTAL SHORT TERM INVESTMENTS —
(Cost $80,112,123)				80,112,123

TOTAL INVESTMENTS — 117.6% (g)
(Cost $439,668,363)				529,847,194
OTHER ASSETS & LIABILITIES — (17.6)%				(79,147,062	)

NET ASSETS — 100.0%			$	450,700,132


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Amount shown represents less than 0.05% of net assets.
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

REIT = Real Estate Investment Trust

107

SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.7%
AEROSPACE & DEFENSE — 2.1%
Aerovironment, Inc. (a)		9,011	$	362,693
American Science & Engineering, Inc.		3,054		205,137
GenCorp, Inc. (a)(b)		72,129		1,317,797
Moog, Inc. (Class A) (a)		32,535		2,131,368
Orbital Sciences Corp. (a)		32,273		900,417
Taser International, Inc. (a)		60,646		1,109,215
Teledyne Technologies, Inc. (a)		24,270		2,362,199

				8,388,826

AIR FREIGHT & LOGISTICS — 0.2%
Forward Air Corp.		17,468		805,449

AIRLINES — 0.5%
Allegiant Travel Co.		17,229		1,928,442

AUTO COMPONENTS — 1.0%
Dorman Products, Inc. (a)(b)		35,544		2,099,229
Drew Industries, Inc.		25,798		1,398,251
Standard Motor Products, Inc.		12,393		443,298

				3,940,778

AUTOMOBILES — 0.2%
Winnebago Industries, Inc. (a)		32,331		885,546

BANKS — 9.4%
Bank of the Ozarks, Inc. (b)		38,173		2,598,054
BBCN Bancorp, Inc.		93,289		1,598,973
Boston Private Financial Holdings, Inc. (b)		94,269		1,275,460
Cardinal Financial Corp. (b)		14,375		256,306
City Holding Co.		8,678		389,295
Columbia Banking System, Inc.		41,593		1,186,232
Community Bank System, Inc. (b)		21,487		838,423
CVB Financial Corp. (b)		54,156		861,080
First BanCorp- Puerto Rico (a)		37,108		201,868
First Commonwealth Financial Corp.		60,854		550,120
First Financial Bankshares, Inc. (b)		35,674		2,204,296
First Midwest Bancorp, Inc.		88,521		1,511,939
Glacier Bancorp, Inc. (b)		87,481		2,543,073
Home Bancshares, Inc.		55,845		1,922,185
MB Financial, Inc.		64,559		1,998,747
National Penn Bancshares, Inc.		56,835		593,926
Old National Bancorp		64,176		956,864
PacWest Bancorp (b)		46,744		2,010,459
Pinnacle Financial Partners, Inc.		39,018		1,462,785
PrivateBancorp, Inc.		76,715		2,340,575
Taylor Capital Group, Inc. (a)		10,889		260,465
Texas Capital Bancshares, Inc. (a)(b)		50,276		3,264,923
UMB Financial Corp. (b)		21,615		1,398,490
Umpqua Holdings Corp. (b)		131,804		2,456,827
United Community Banks, Inc. (a)		45,774		888,473
ViewPoint Financial Group		17,276		498,413
Wilshire Bancorp, Inc.		78,745		874,070

				36,942,321

BEVERAGES — 0.6%
Boston Beer Co., Inc. (Class A) (a)(b)		10,353		2,533,690

BIOTECHNOLOGY — 1.2%
Acorda Therapeutics, Inc. (a)		48,546		1,840,379
ArQule, Inc. (a)(b)		33,335		68,337
Emergent Biosolutions, Inc. (a)(b)		12,933		326,817
Ligand Pharmaceuticals, Inc. (Class B) (a)(b)		24,220		1,629,037
Momenta Pharmaceuticals, Inc. (a)(b)		24,936		290,504
Spectrum Pharmaceuticals, Inc. (a)(b)		64,391		504,826

				4,659,900

BUILDING PRODUCTS — 0.7%
AAON, Inc. (b)		32,392		902,765
American Woodmark Corp. (a)		7,077		238,212
Apogee Enterprises, Inc.		33,991		1,129,521
Simpson Manufacturing Co., Inc.		17,869		631,312

				2,901,810

CAPITAL MARKETS — 2.7%
Evercore Partners, Inc. (Class A)		40,805		2,254,476
Financial Engines, Inc. (b)		59,905		3,041,976
HFF, Inc. (Class A)		39,157		1,316,067
Investment Technology Group, Inc. (a)		26,009		525,382
Stifel Financial Corp. (a)		38,482		1,914,864
Virtus Investment Partners, Inc. (a)		8,169		1,414,626

				10,467,391

CHEMICALS — 2.8%
American Vanguard Corp. (b)		29,062		629,192
Balchem Corp.		35,603		1,855,628
Calgon Carbon Corp. (a)		35,005		764,159
Flotek Industries, Inc. (a)(b)		53,605		1,492,899
FutureFuel Corp. (b)		15,868		322,121
H.B. Fuller Co.		58,760		2,836,933
PolyOne Corp.		63,757		2,337,332
Quaker Chemical Corp.		8,240		649,559

				10,887,823

COMMERCIAL SERVICES & SUPPLIES — 1.4%
G & K Services, Inc. (Class A)		11,801		721,867
Healthcare Services Group, Inc. (b)		46,134		1,340,654
Interface, Inc.		28,460		584,853
Mobile Mini, Inc.		48,151		2,087,828
UniFirst Corp.		6,994		768,920

				5,504,122

COMMUNICATIONS EQUIPMENT — 1.9%
Arris Group, Inc. (a)		93,004		2,620,852
CalAmp Corp. (a)(b)		39,371		1,097,270
Harmonic, Inc. (a)		119,543		853,537
Ixia (a)		34,394		429,925
PC-Tel, Inc.		11,393		99,461
Procera Networks, Inc. (a)(b)		9,802		101,843
ViaSat, Inc. (a)(b)		31,383		2,166,682

				7,369,570

CONSTRUCTION & ENGINEERING — 0.4%
Comfort Systems USA, Inc.		24,749		377,175
Dycom Industries, Inc. (a)		39,735		1,256,023

				1,633,198

CONSTRUCTION MATERIALS — 0.4%
Headwaters, Inc. (a)		44,773		591,451
Texas Industries, Inc. (a)		11,211		1,004,730

				1,596,181

CONSUMER FINANCE — 1.8%
Encore Capital Group, Inc. (a)(b)		27,517		1,257,527
First Cash Financial Services, Inc. (a)		33,991		1,715,186

108

SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Green Dot Corp. (Class A) (a)(b)		11,538	$	225,337
Portfolio Recovery Associates, Inc. (a)(b)		58,623		3,391,927
World Acceptance Corp. (a)(b)		7,345		551,462

				7,141,439

CONTAINERS & PACKAGING — 0.1%
Myers Industries, Inc.		13,272		264,378

DISTRIBUTORS — 0.4%
Pool Corp. (b)		28,780		1,764,790

DIVERSIFIED CONSUMER SERVICES — 1.1%
American Public Education, Inc. (a)(b)		20,772		728,682
Capella Education Co. (b)		12,748		805,036
Hillenbrand, Inc.		74,059		2,394,328
ITT Educational Services, Inc. (a)(b)		11,793		338,223

				4,266,269

DIVERSIFIED FINANCIAL SERVICES — 0.7%
MarketAxess Holdings, Inc.		44,402		2,629,486

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.4%
8x8, Inc. (a)(b)		96,018		1,037,955
General Communication, Inc. (Class A) (a)(b)		18,755		213,995
Lumos Networks Corp.		20,231		270,488

				1,522,438

ELECTRICAL EQUIPMENT — 2.1%
AZZ, Inc. (b)		30,015		1,341,070
Brady Corp. (Class A)		19,022		516,447
Encore Wire Corp.		14,706		713,388
EnerSys (b)		55,397		3,838,458
Franklin Electric Co., Inc.		29,041		1,234,824
Powell Industries, Inc.		5,517		357,502
Vicor Corp. (a)		10,291		104,968

				8,106,657

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.8%
Agilysys, Inc. (a)		9,404		126,014
Badger Meter, Inc. (b)		7,936		437,274
Belden, Inc.		51,068		3,554,333
Cognex Corp. (a)		96,866		3,279,883
Coherent, Inc. (a)		16,425		1,073,374
CTS Corp.		23,755		496,004
Daktronics, Inc.		45,450		654,026
DTS, Inc. (a)(b)		10,804		213,487
Electro Scientific Industries, Inc.		8,921		87,872
FARO Technologies, Inc. (a)		20,208		1,071,024
FEI Co.		49,568		5,106,495
Littelfuse, Inc.		13,754		1,287,925
Measurement Specialties, Inc. (a)		17,798		1,207,594
Methode Electronics, Inc. (Class A)		41,864		1,283,550
MTS Systems Corp. (b)		17,963		1,230,286
Newport Corp. (a)		19,812		409,712
OSI Systems, Inc. (a)		10,069		602,730
Rogers Corp. (a)		10,313		643,737

				22,765,320

ENERGY EQUIPMENT & SERVICES — 2.1%
Basic Energy Services, Inc. (a)(b)		16,650		456,377
Bristow Group, Inc.		18,570		1,402,406
C&J Energy Services, Inc. (a)(b)		54,032		1,575,573
Era Group, Inc. (a)		22,267		652,646
Geospace Technologies Corp. (a)(b)		15,402		1,019,150
ION Geophysical Corp. (a)(b)		59,967		252,461
Matrix Service Co. (a)		31,041		1,048,565
Newpark Resources, Inc. (a)		103,124		1,180,770
Tesco Corp. (a)		37,088		686,128

				8,274,076

FOOD & STAPLES RETAILING — 0.7%
Casey’s General Stores, Inc.		23,979		1,620,741
The Andersons, Inc.		17,488		1,035,989

				2,656,730

FOOD PRODUCTS — 1.3%
Annie’s, Inc. (a)		8,769		352,426
B&G Foods, Inc. (b)		31,552		950,031
Calavo Growers, Inc. (b)		7,195		255,998
Darling International, Inc. (a)		125,410		2,510,708
Diamond Foods, Inc. (a)(b)		12,403		433,237
J&J Snack Foods Corp.		7,812		749,718

				5,252,118

HEALTH CARE EQUIPMENT & SUPPLIES — 4.8%
Abaxis, Inc. (a)(b)		11,535		448,481
ABIOMED, Inc. (a)(b)		41,630		1,084,045
Analogic Corp.		6,779		556,624
Anika Therapeutics, Inc. (a)		13,264		545,150
Cantel Medical Corp.		39,284		1,324,656
CryoLife, Inc.		29,499		293,810
Cyberonics, Inc. (a)(b)		28,724		1,874,241
Cynosure, Inc. (Class A) (a)		14,854		435,222
Greatbatch, Inc. (a)		16,878		775,038
Haemonetics Corp. (a)(b)		25,616		834,825
HealthStream, Inc. (a)		24,147		644,725
Integra LifeSciences Holdings Corp. (a)		11,377		523,228
Meridian Bioscience, Inc. (b)		26,652		580,747
Natus Medical, Inc. (a)		33,030		852,174
Neogen Corp. (a)		43,007		1,933,165
NuVasive, Inc. (a)		53,961		2,072,642
SurModics, Inc. (a)		16,078		363,363
West Pharmaceutical Services, Inc.		82,651		3,640,777

				18,782,913

HEALTH CARE PROVIDERS & SERVICES — 2.4%
Air Methods Corp. (a)(b)		41,358		2,209,758
AmSurg Corp. (a)		26,321		1,239,193
Bio-Reference Laboratories, Inc. (a)(b)		12,019		332,686
Corvel Corp. (a)		13,435		668,525
Gentiva Health Services, Inc. (a)		12,331		112,459
Hanger, Inc. (a)		17,777		598,729
IPC The Hospitalist Co. (a)(b)		20,015		982,336
Landauer, Inc. (b)		4,943		224,066
MWI Veterinary Supply, Inc. (a)		15,111		2,351,574
The Ensign Group, Inc.		15,398		671,969

				9,391,295

HEALTH CARE TECHNOLOGY — 1.2%
Computer Programs and Systems, Inc. (b)		6,738		435,275
Medidata Solutions, Inc. (a)		59,773		3,248,065

109

SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Omnicell, Inc. (a)		41,825	$	1,197,031

				4,880,371

HOTELS, RESTAURANTS & LEISURE — 4.5%
Boyd Gaming Corp. (a)(b)		44,357		585,513
Buffalo Wild Wings, Inc. (a)		22,128		3,294,859
Cracker Barrel Old Country Store, Inc. (b)		14,858		1,444,792
DineEquity, Inc.		7,392		577,094
Interval Leisure Group, Inc.		25,787		674,072
Jack in the Box, Inc. (a)		26,141		1,540,751
Monarch Casino & Resort, Inc. (a)		10,976		203,385
Multimedia Games Holding Co., Inc. (a)		34,755		1,009,285
Papa John’s International, Inc.		37,002		1,928,174
Pinnacle Entertainment, Inc. (a)(b)		69,576		1,648,951
Red Robin Gourmet Burgers, Inc. (a)		15,415		1,104,947
Ruth’s Hospitality Group, Inc.		42,456		513,293
Sonic Corp. (a)		61,782		1,408,012
Texas Roadhouse, Inc.		69,390		1,809,691

				17,742,819

HOUSEHOLD DURABLES — 1.5%
Helen of Troy, Ltd. (a)		18,957		1,312,393
iRobot Corp. (a)(b)		19,564		803,102
La-Z-Boy, Inc.		61,499		1,666,623
The Ryland Group, Inc. (b)		33,910		1,354,026
Universal Electronics, Inc. (a)		18,445		708,104

				5,844,248

HOUSEHOLD PRODUCTS — 0.3%
WD-40 Co.		16,925		1,312,872

INSURANCE — 1.1%
AMERISAFE, Inc.		15,178		666,466
eHealth, Inc. (a)		22,011		1,118,159
Employers Holdings, Inc.		36,785		744,161
HCI Group, Inc. (b)		11,887		432,687
RLI Corp. (b)		20,698		915,679
Universal Insurance Holdings, Inc. (b)		25,146		319,354

				4,196,506

INTERNET & CATALOG RETAIL — 0.2%
Blue Nile, Inc. (a)(b)		8,246		286,961
NutriSystem, Inc.		17,538		264,298
PetMed Express, Inc. (b)		9,452		126,751

				678,010

INTERNET SOFTWARE & SERVICES — 3.7%
Blucora, Inc. (a)(b)		49,533		975,305
comScore, Inc. (a)		38,260		1,254,545
Dealertrack Technologies, Inc. (a)		51,829		2,549,469
Dice Holdings, Inc. (a)		26,388		196,855
Digital River, Inc. (a)		13,468		234,747
j2 Global, Inc. (b)		52,199		2,612,560
LivePerson, Inc. (a)(b)		25,092		302,861
LogMeIn, Inc. (a)(b)		26,691		1,198,159
NIC, Inc.		70,430		1,360,003
OpenTable, Inc. (a)(b)		27,516		2,116,806
Perficient, Inc. (a)		39,903		723,042
QuinStreet, Inc. (a)		10,741		71,320
Stamps.com, Inc. (a)		16,922		567,902
XO Group, Inc. (a)		28,166		285,603

				14,449,177

IT SERVICES — 2.8%
Cardtronics, Inc. (a)		52,289		2,031,428
CSG Systems International, Inc.		24,909		648,630
ExlService Holdings, Inc. (a)		16,471		509,119
Forrester Research, Inc.		7,864		281,924
Heartland Payment Systems, Inc. (b)		23,047		955,298
Higher One Holdings, Inc. (a)		13,206		95,479
iGate Corp. (a)		34,429		1,085,891
MAXIMUS, Inc.		79,840		3,581,623
Sykes Enterprises, Inc. (a)		23,874		474,376
TeleTech Holdings, Inc. (a)		9,731		238,507
Virtusa Corp. (a)		30,283		1,014,783

				10,917,058

LEISURE PRODUCTS — 0.5%
Arctic Cat, Inc.		15,559		743,565
Sturm Ruger & Co, Inc. (b)		22,729		1,359,194

				2,102,759

LIFE SCIENCES TOOLS & SERVICES — 0.9%
Affymetrix, Inc. (a)(b)		40,835		291,153
Cambrex Corp. (a)		35,303		666,168
Luminex Corp. (a)(b)		22,345		404,668
PAREXEL International Corp. (a)		38,519		2,083,493

				3,445,482

MACHINERY — 3.0%
Actuant Corp. (Class A)		30,481		1,040,926
Albany International Corp. (Class A)		13,283		472,078
Barnes Group, Inc.		32,198		1,238,657
CIRCOR International, Inc.		20,712		1,518,811
EnPro Industries, Inc. (a)(b)		9,496		690,074
Federal Signal Corp. (a)		73,733		1,098,622
John Bean Technologies Corp.		18,775		580,148
Lindsay Corp. (b)		7,180		633,132
Lydall, Inc. (a)		10,281		235,126
Tennant Co.		13,880		910,806
The Toro Co.		39,224		2,478,565
Watts Water Technologies, Inc. (Class A)		13,638		800,414

				11,697,359

MEDIA — 0.7%
Live Nation Entertainment, Inc. (a)		93,509		2,033,821
The E.W. Scripps Co. (Class A) (a)		35,750		633,490

				2,667,311

METALS & MINING — 1.5%
AK Steel Holding Corp. (a)(b)		56,178		405,605
Globe Specialty Metals, Inc.		35,401		737,049
RTI International Metals, Inc. (a)		21,988		610,826
Stillwater Mining Co. (a)(b)		52,443		776,681
SunCoke Energy, Inc. (a)		38,725		884,479
US Silica Holdings, Inc. (b)		62,928		2,401,962

				5,816,602

MULTILINE RETAIL — 0.1%
Tuesday Morning Corp. (a)(b)		18,037		255,224

OIL, GAS & CONSUMABLE FUELS — 2.0%
Carrizo Oil & Gas, Inc. (a)		48,645		2,600,562
Forest Oil Corp. (a)(b)		54,168		103,461

110

SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Northern Oil and Gas, Inc. (a)(b)		65,947	$	964,145
PDC Energy, Inc. (a)		19,685		1,225,588
Penn Virginia Corp. (a)(b)		31,743		555,185
PetroQuest Energy, Inc. (a)		19,902		113,441
Stone Energy Corp. (a)		58,467		2,453,860

				8,016,242

PAPER & FOREST PRODUCTS — 0.9%
Deltic Timber Corp.		5,319		346,958
KapStone Paper and Packaging Corp. (a)		94,436		2,723,534
Schweitzer-Mauduit International, Inc.		14,901		634,634

				3,705,126

PERSONAL PRODUCTS — 0.2%
Inter Parfums, Inc.		20,081		727,133

PHARMACEUTICALS — 2.6%
Akorn, Inc. (a)(b)		83,761		1,842,742
Hi-Tech Pharmacal Co., Inc. (a)(b)		6,454		279,652
Prestige Brands Holdings, Inc. (a)		60,871		1,658,735
Questcor Pharmaceuticals, Inc. (b)		65,433		4,248,564
The Medicines Co. (a)(b)		76,021		2,160,517

				10,190,210

PROFESSIONAL SERVICES — 1.4%
Exponent, Inc.		9,241		693,629
Navigant Consulting, Inc. (a)		34,735		648,155
On Assignment, Inc. (a)		54,554		2,105,239
TrueBlue, Inc. (a)		31,604		924,733
WageWorks, Inc. (a)		22,154		1,243,061

				5,614,817

REAL ESTATE INVESTMENT TRUSTS — 4.8%
Acadia Realty Trust		22,473		592,838
American Assets Trust, Inc.		20,842		703,209
Associated Estates Realty Corp.		22,351		378,626
Coresite Realty Corp. (b)		25,369		786,439
DiamondRock Hospitality Co.		114,839		1,349,358
EastGroup Properties, Inc. (b)		16,390		1,031,095
Inland Real Estate Corp.		68,602		723,751
LaSalle Hotel Properties		59,893		1,875,250
Lexington Realty Trust (b)		79,531		867,683
LTC Properties, Inc.		15,490		582,889
Medical Properties Trust, Inc.		134,012		1,714,014
Parkway Properties, Inc.		33,937		619,350
Post Properties, Inc.		23,045		1,131,510
PS Business Parks, Inc.		12,114		1,012,973
Sabra Healthcare REIT, Inc.		45,771		1,276,553
Saul Centers, Inc.		7,075		335,072
Sovran Self Storage, Inc.		16,451		1,208,326
Tanger Factory Outlet Centers, Inc.		56,037		1,961,295
Universal Health Realty Income Trust		8,652		365,460
Urstadt Biddle Properties, Inc. (Class A)		10,046		207,550

				18,723,241

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2%
Forestar Group, Inc. (a)(b)		40,364		718,479

ROAD & RAIL — 0.9%
Arkansas Best Corp.		14,520		536,514
Heartland Express, Inc. (b)		28,812		653,744
Knight Transportation, Inc. (b)		28,609		661,726
Roadrunner Transportation Systems, Inc. (a)		19,464		491,272
Saia, Inc. (a)		28,787		1,099,951

				3,443,207

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.4%
Advanced Energy Industries, Inc. (a)		44,346		1,086,477
ATMI, Inc. (a)		16,289		553,989
Cabot Microelectronics Corp. (a)		11,745		516,780
CEVA, Inc. (a)		8,216		144,273
Cirrus Logic, Inc. (a)(b)		30,963		615,235
DSP Group, Inc. (a)		11,204		96,803
Entropic Communications, Inc. (a)		36,151		147,858
Exar Corp. (a)		27,972		334,265
GT Advanced Technologies, Inc. (a)(b)		89,046		1,518,234
Hittite Microwave Corp.		15,698		989,602
Kopin Corp. (a)(b)		23,996		90,705
Microsemi Corp. (a)		66,415		1,662,367
Monolithic Power Systems, Inc. (a)		21,917		849,722
Nanometrics, Inc. (a)(b)		9,289		166,923
Power Integrations, Inc.		21,677		1,425,913
Synaptics, Inc. (a)(b)		41,793		2,508,416
Tessera Technologies, Inc.		22,634		534,841
Ultratech, Inc. (a)(b)		11,179		326,315

				13,568,718

SOFTWARE — 4.3%
Blackbaud, Inc.		54,143		1,694,676
Bottomline Technologies, Inc. (a)(b)		21,372		751,226
EPIQ Systems, Inc.		25,479		347,279
Interactive Intelligence Group (a)		18,514		1,342,265
Manhattan Associates, Inc. (a)		89,820		3,146,395
MicroStrategy, Inc. (a)		10,590		1,221,980
Monotype Imaging Holdings, Inc.		46,068		1,388,490
Netscout Systems, Inc. (a)		21,305		800,642
Progress Software Corp. (a)		26,428		576,130
Quality Systems, Inc. (b)		27,414		462,748
Synchronoss Technologies, Inc. (a)(b)		35,850		1,229,296
Take-Two Interactive Software, Inc. (a)		39,374		863,472
Tangoe, Inc. (a)(b)		16,439		305,601
Tyler Technologies, Inc. (a)		33,990		2,844,283

				16,974,483

SPECIALTY RETAIL — 3.5%
Francesca’s Holdings Corp. (a)(b)		49,672		901,050
Haverty Furniture Cos., Inc.		10,893		323,522
Hibbett Sports, Inc. (a)(b)		15,602		825,034
Jos. A. Bank Clothiers, Inc. (a)		11,686		751,410
Kirkland’s, Inc. (a)		17,670		326,718
Lithia Motors, Inc. (Class A)		26,501		1,761,256
Lumber Liquidators Holdings, Inc. (a)(b)		32,234		3,023,549
MarineMax, Inc. (a)(b)		28,926		439,386
Monro Muffler Brake, Inc. (b)		22,123		1,258,356
Outerwall, Inc. (a)(b)		15,434		1,118,965
Select Comfort Corp. (a)(b)		21,852		395,084
The Buckle, Inc. (b)		13,297		609,003
The Men’s Wearhouse, Inc.		26,224		1,284,452
Zale Corp. (a)		20,539		429,470

111

SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Zumiez, Inc. (a)(b)		15,062	$	365,103

				13,812,358

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.6%
Electronics for Imaging, Inc. (a)		55,185		2,390,062
Intevac, Inc. (a)		9,736		94,439

				2,484,501

TEXTILES, APPAREL & LUXURY GOODS — 2.7%
G-III Apparel Group, Ltd. (a)		10,371		742,356
Iconix Brand Group, Inc. (a)(b)		56,994		2,238,154
Movado Group, Inc.		21,184		964,931
Oxford Industries, Inc.		10,529		823,368
Steven Madden, Ltd. (a)		68,577		2,467,401
Wolverine World Wide, Inc. (b)		118,463		3,382,119

				10,618,329

THRIFTS & MORTGAGE FINANCE — 0.6%
Bank Mutual Corp.		30,318		192,216
BofI Holding, Inc. (a)		14,420		1,236,515
Oritani Financial Corp.		46,648		737,505
TrustCo Bank Corp. NY (b)		39,490		278,010

				2,444,246

TRADING COMPANIES & DISTRIBUTORS — 0.3%
DXP Enterprises, Inc. (a)		12,468		1,183,587

WATER UTILITIES — 0.1%
American States Water Co.		18,619		601,207

WIRELESS TELECOMMUNICATION SERVICES — 0.0% (c)
NTELOS Holdings Corp. (b)		6,564		88,614

TOTAL COMMON STOCKS —
(Cost $321,110,973)				392,183,252

SHORT TERM INVESTMENTS — 20.1%
MONEY MARKET FUNDS — 20.1%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		78,052,939		78,052,939
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		891,095		891,095

TOTAL SHORT TERM INVESTMENTS —
(Cost $78,944,034)				78,944,034

TOTAL INVESTMENTS — 119.8% (g)
(Cost $400,055,007)				471,127,286
OTHER ASSETS & LIABILITIES — (19.8)%				(77,882,663	)

NET ASSETS — 100.0%			$	393,244,623


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Amount shown represents less than 0.05% of net assets.
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

REIT = Real Estate Investment Trust

112

SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.7%
AEROSPACE & DEFENSE — 3.0%
AAR Corp.		30,575	$	793,421
Aerovironment, Inc. (a)(b)		9,319		375,090
American Science & Engineering, Inc.		3,998		268,546
Cubic Corp.		16,131		823,810
Curtiss-Wright Corp.		36,982		2,349,836
Engility Holdings, Inc. (a)		13,353		601,553
Moog, Inc. (Class A) (a)		13,685		896,504
National Presto Industries, Inc.		3,758		293,274
Orbital Sciences Corp. (a)		25,714		717,421
Teledyne Technologies, Inc. (a)		13,047		1,269,864

				8,389,319

AIR FREIGHT & LOGISTICS — 0.8%
Atlas Air Worldwide Holdings, Inc. (a)		19,298		680,641
Forward Air Corp.		12,313		567,752
HUB Group, Inc. (Class A) (a)(b)		26,915		1,076,331

				2,324,724

AIRLINES — 0.2%
SkyWest, Inc.		39,736		507,031

AUTO COMPONENTS — 0.3%
Spartan Motors, Inc. (b)		25,315		130,119
Standard Motor Products, Inc.		7,875		281,689
Superior Industries International, Inc.		18,124		371,361

				783,169

BANKS — 6.4%
Banner Corp.		15,134		623,672
Cardinal Financial Corp.		13,566		241,882
City Holding Co.		6,434		288,629
Columbia Banking System, Inc.		12,284		350,340
Community Bank System, Inc. (b)		17,183		670,481
CVB Financial Corp. (b)		37,021		588,634
F.N.B. Corp. (b)		127,942		1,714,423
First BanCorp- Puerto Rico (a)		51,571		280,546
First Commonwealth Financial Corp.		33,308		301,104
First Financial Bancorp		44,452		799,247
Hanmi Financial Corp.		24,547		571,945
Independent Bank Corp.-Massachusetts (b)		18,361		722,873
National Penn Bancshares, Inc.		50,774		530,588
NBT Bancorp, Inc.		34,043		832,692
Old National Bancorp		35,089		523,177
S&T Bancorp, Inc. (b)		22,926		543,346
Simmons First National Corp.		12,468		464,682
Sterling Bancorp		61,000		772,260
Susquehanna Bancshares, Inc.		144,802		1,649,295
Taylor Capital Group, Inc. (a)		4,408		105,439
Tompkins Financial Corp.		9,070		444,067
UMB Financial Corp.		14,778		956,137
United Bankshares, Inc.		48,331		1,479,895
ViewPoint Financial Group		16,386		472,736
Wintrust Financial Corp.		35,671		1,735,751

				17,663,841

BIOTECHNOLOGY — 0.2%
ArQule, Inc. (a)(b)		19,422		39,815
Emergent Biosolutions, Inc. (a)(b)		13,788		348,423
Momenta Pharmaceuticals, Inc. (a)(b)		19,208		223,773

				612,011

BUILDING PRODUCTS — 1.1%
American Woodmark Corp. (a)		4,434		149,248
Gibraltar Industries, Inc. (a)		22,224		419,367
Griffon Corp.		34,222		408,611
Quanex Building Products Corp. (b)		28,750		594,550
Simpson Manufacturing Co., Inc.		20,078		709,356
Universal Forest Products, Inc.		15,427		853,730

				3,134,862

CAPITAL MARKETS — 1.0%
Calamos Asset Management, Inc. (Class A)		14,614		188,959
FXCM, Inc. (Class A) (b)		27,926		412,467
Investment Technology Group, Inc. (a)		10,983		221,856
Piper Jaffray Co., Inc. (a)		12,556		575,065
Stifel Financial Corp. (a)		21,238		1,056,803
SWS Group, Inc. (a)		21,879		163,655

				2,618,805

CHEMICALS — 3.1%
A. Schulman, Inc.		22,538		817,228
Calgon Carbon Corp. (a)		19,439		424,353
FutureFuel Corp. (b)		6,960		141,288
Hawkins, Inc. (b)		7,330		269,304
Innophos Holdings, Inc.		17,242		977,621
Koppers Holdings, Inc.		15,724		648,300
Kraton Performance Polymers, Inc. (a)		25,537		667,537
LSB Industries, Inc. (a)		14,842		555,388
OM Group, Inc.		24,687		820,102
PolyOne Corp.		31,510		1,155,157
Quaker Chemical Corp.		4,776		376,492
Stepan Co.		14,678		947,612
Tredegar Corp.		19,473		448,074
Zep, Inc.		17,581		311,184

				8,559,640

COMMERCIAL SERVICES & SUPPLIES — 3.1%
ABM Industries, Inc.		40,171		1,154,515
G & K Services, Inc. (Class A)		7,697		470,825
Healthcare Services Group, Inc. (b)		23,762		690,524
Interface, Inc.		26,653		547,719
Tetra Tech, Inc. (a)(b)		50,174		1,484,649
The Geo Group, Inc.		55,672		1,794,865
UniFirst Corp.		7,209		792,557
United Stationers, Inc. (b)		30,629		1,257,933
Viad Corp.		15,627		375,673

				8,569,260

COMMUNICATIONS EQUIPMENT — 1.6%
Arris Group, Inc. (a)		30,098		848,162
Bel Fuse, Inc. (Class B)		7,567		165,717
Black Box Corp.		12,249		298,141
Comtech Telecommunications Corp.		11,843		377,318
Digi International, Inc. (a)		19,960		202,594
Ixia (a)		20,942		261,775
Netgear, Inc. (a)(b)		28,352		956,313
Oplink Communications, Inc. (a)		13,880		249,285
PC-Tel, Inc.		6,106		53,305
Procera Networks, Inc. (a)(b)		9,226		95,858
ViaSat, Inc. (a)(b)		12,148		838,698

				4,347,166

113

SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

CONSTRUCTION & ENGINEERING — 1.3%
Aegion Corp. (a)(b)		29,740	$	752,720
Comfort Systems USA, Inc.		12,716		193,792
EMCOR Group, Inc.		51,727		2,420,306
Orion Marine Group, Inc. (a)		20,986		263,794

				3,630,612

CONSTRUCTION MATERIALS — 0.4%
Headwaters, Inc. (a)		27,130		358,387
Texas Industries, Inc. (a)		9,328		835,976

				1,194,363

CONSUMER FINANCE — 0.6%
Cash America International, Inc. (b)		21,715		840,805
Ezcorp, Inc. (Class A) (a)		41,761		450,601
Green Dot Corp. (Class A) (a)(b)		8,883		173,485
World Acceptance Corp. (a)(b)		3,311		248,590

				1,713,481

CONTAINERS & PACKAGING — 0.1%
Myers Industries, Inc.		11,586		230,793

DISTRIBUTORS — 0.4%
Pool Corp. (b)		15,982		980,016
VOXX International Corp. (a)		15,057		205,980

				1,185,996

DIVERSIFIED CONSUMER SERVICES — 0.6%
Career Education Corp. (a)(b)		44,133		329,232
ITT Educational Services, Inc. (a)(b)		6,541		187,596
Regis Corp. (b)		33,746		462,320
Strayer Education, Inc. (a)		8,316		386,112
Universal Technical Institute, Inc.		16,545		214,258

				1,579,518

DIVERSIFIED FINANCIAL SERVICES — 0.3%
Interactive Brokers Group, Inc. (Class A)		37,118		804,347

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.5%
Atlantic Tele-Network, Inc.		7,697		507,386
Cbeyond, Inc. (a)		21,982		159,370
Cincinnati Bell, Inc. (a)(b)		161,122		557,482
General Communication, Inc. (Class A) (a)		11,002		125,533

				1,349,771

ELECTRIC UTILITIES — 2.2%
ALLETE, Inc. (b)		29,354		1,538,737
El Paso Electric Co.		31,202		1,114,847
UIL Holdings Corp. (b)		43,608		1,605,210
UNS Energy Corp. (b)		32,163		1,930,745

				6,189,539

ELECTRICAL EQUIPMENT — 0.6%
Brady Corp. (Class A)		23,962		650,568
Encore Wire Corp.		4,648		225,474
Franklin Electric Co., Inc.		11,178		475,289
Powell Industries, Inc.		3,534		229,003
Vicor Corp. (a)		6,993		71,329

				1,651,663

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.2%
Agilysys, Inc. (a)		4,279		57,339
Anixter International, Inc.		20,598		2,091,109
Badger Meter, Inc. (b)		5,862		322,996
Benchmark Electronics, Inc. (a)		41,434		938,480
Checkpoint Systems, Inc. (a)		32,095		430,715
Coherent, Inc. (a)		8,429		550,835
CTS Corp.		10,438		217,945
DTS, Inc. (a)(b)		6,591		130,238
Electro Scientific Industries, Inc.		13,661		134,561
II-VI, Inc. (a)		42,144		650,282
Insight Enterprises, Inc. (a)		32,080		805,529
Littelfuse, Inc.		8,352		782,081
Mercury Computer Systems, Inc. (a)		25,751		340,171
Newport Corp. (a)		17,263		356,999
OSI Systems, Inc. (a)		7,958		476,366
Park Electrochemical Corp. (b)		16,119		481,475
Plexus Corp. (a)		26,198		1,049,754
Rofin-Sinar Technologies, Inc. (a)		21,823		522,879
Rogers Corp. (a)		6,995		436,628
Sanmina Corp. (a)		63,939		1,115,736
Scansource, Inc. (a)		22,089		900,568
SYNNEX Corp. (a)		20,410		1,237,050
TTM Technologies, Inc. (a)		42,210		356,674

				14,386,410

ENERGY EQUIPMENT & SERVICES — 2.8%
Basic Energy Services, Inc. (a)(b)		9,670		265,055
Bristow Group, Inc.		15,982		1,206,961
Exterran Holdings, Inc.		45,362		1,990,484
Gulf Island Fabrication, Inc.		9,403		203,199
Hornbeck Offshore Services, Inc. (a)		25,089		1,048,971
ION Geophysical Corp. (a)(b)		56,914		239,608
Pioneer Energy Services Corp. (a)		48,346		626,081
SEACOR Holdings, Inc. (a)(b)		14,687		1,269,250
Tetra Technologies, Inc. (a)		60,922		779,802

				7,629,411

FOOD & STAPLES RETAILING — 0.8%
Casey’s General Stores, Inc.		13,936		941,934
Spartan Stores, Inc.		29,183		677,338
The Andersons, Inc.		8,996		532,923

				2,152,195

FOOD PRODUCTS — 2.9%
Annie’s, Inc. (a)(b)		7,245		291,176
B&G Foods, Inc.		20,653		621,862
Cal-Maine Foods, Inc. (b)		11,583		727,181
Calavo Growers, Inc. (b)		5,977		212,662
Darling International, Inc. (a)		44,460		890,089
Diamond Foods, Inc. (a)(b)		8,780		306,685
J&J Snack Foods Corp.		6,195		594,534
Sanderson Farms, Inc. (b)		15,683		1,230,959
Seneca Foods Corp. (a)		5,389		169,646
Snyders-Lance, Inc.		37,794		1,065,413
TreeHouse Foods, Inc. (a)		28,140		2,025,798

				8,136,005

GAS UTILITIES — 3.3%
New Jersey Resources Corp. (b)		32,556		1,621,289
Northwest Natural Gas Co. (b)		21,130		929,931
Piedmont Natural Gas Co., Inc.		60,243		2,132,000
South Jersey Industries, Inc.		25,141		1,410,159
Southwest Gas Corp.		35,870		1,917,251

114

SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

The Laclede Group, Inc.		23,544	$	1,110,100

				9,120,730

HEALTH CARE EQUIPMENT & SUPPLIES — 2.0%
Abaxis, Inc. (a)(b)		8,572		333,279
Analogic Corp.		5,100		418,761
CONMED Corp.		21,057		914,927
Cynosure, Inc. (Class A) (a)		5,314		155,700
Greatbatch, Inc. (a)		7,700		353,584
Haemonetics Corp. (a)(b)		23,114		753,285
ICU Medical, Inc. (a)		10,296		616,524
Integra LifeSciences Holdings Corp. (a)		10,721		493,059
Invacare Corp.		22,307		425,395
Meridian Bioscience, Inc. (b)		14,677		319,812
Merit Medical Systems, Inc. (a)		31,479		450,150
Symmetry Medical, Inc. (a)		28,800		289,728

				5,524,204

HEALTH CARE PROVIDERS & SERVICES — 4.1%
Almost Family, Inc. (a)		6,335		146,339
Amedisys, Inc. (a)(b)		25,115		373,962
AMN Healthcare Services, Inc. (a)		35,605		489,213
AmSurg Corp. (a)		7,714		363,175
Bio-Reference Laboratories, Inc. (a)(b)		10,852		300,383
Centene Corp. (a)		44,500		2,770,125
Chemed Corp. (b)		13,806		1,234,947
Cross Country Healthcare, Inc. (a)		20,727		167,267
Gentiva Health Services, Inc. (a)		13,803		125,883
Hanger, Inc. (a)		15,302		515,371
Healthways, Inc. (a)(b)		27,183		465,917
Kindred Healthcare, Inc.		41,796		978,862
Landauer, Inc.		4,012		181,864
LHC Group, Inc. (a)		9,314		205,467
Magellan Health Services, Inc. (a)		21,161		1,255,905
Molina Healthcare, Inc. (a)(b)		22,303		837,701
PharMerica Corp. (a)		22,725		635,846
The Ensign Group, Inc.		5,191		226,535

				11,274,762

HEALTH CARE TECHNOLOGY — 0.1%
Computer Programs and Systems, Inc. (b)		3,643		235,338

HOTELS, RESTAURANTS & LEISURE — 2.2%
Biglari Holdings, Inc. (a)		1,126		548,914
BJ’s Restaurants, Inc. (a)(b)		19,190		627,705
Boyd Gaming Corp. (a)(b)		29,240		385,968
Cracker Barrel Old Country Store, Inc. (b)		8,641		840,251
DineEquity, Inc.		7,675		599,187
Interval Leisure Group, Inc.		13,780		360,209
Jack in the Box, Inc. (a)		15,204		896,124
Marcus Corp.		13,916		232,397
Marriott Vacations Worldwide Corp. (a)		23,104		1,291,744
Ruby Tuesday, Inc. (a)		44,124		247,536

				6,030,035

HOUSEHOLD DURABLES — 1.7%
Blyth, Inc. (b)		6,525		70,013
Ethan Allen Interiors, Inc.		20,178		513,530
Helen of Troy, Ltd. (a)		8,051		557,371
iRobot Corp. (a)(b)		9,652		396,215
M/I Homes, Inc. (a)		18,878		423,245
Meritage Homes Corp. (a)		28,230		1,182,272
Standard Pacific Corp. (a)(b)		115,890		963,046
The Ryland Group, Inc. (b)		13,566		541,690

				4,647,382

HOUSEHOLD PRODUCTS — 0.1%
Central Garden & Pet Co. (Class A) (a)(b)		32,175		266,087

INSURANCE — 2.8%
AMERISAFE, Inc.		4,401		193,248
Horace Mann Educators Corp.		31,647		917,763
Infinity Property & Casualty Corp.		8,868		599,743
Meadowbrook Insurance Group, Inc. (b)		36,079		210,341
ProAssurance Corp.		46,683		2,078,794
RLI Corp. (b)		12,928		571,935
Safety Insurance Group, Inc.		9,887		532,415
Selective Insurance Group, Inc.		43,710		1,019,317
Stewart Information Services Corp.		16,172		568,122
The Navigators Group, Inc. (a)		8,162		501,065
Tower Group International, Ltd. (b)		30,133		81,359
United Fire Group, Inc.		16,678		506,177
Universal Insurance Holdings, Inc. (b)		5,900		74,930

				7,855,209

INTERNET & CATALOG RETAIL — 0.3%
Blue Nile, Inc. (a)(b)		4,236		147,413
FTD Cos., Inc. (a)(b)		14,288		454,501
NutriSystem, Inc.		10,208		153,835
PetMed Express, Inc. (b)		9,574		128,387

				884,136

INTERNET SOFTWARE & SERVICES — 0.6%
Dice Holdings, Inc. (a)		11,606		86,581
Digital River, Inc. (a)		12,774		222,651
Liquidity Services, Inc. (a)(b)		19,960		519,958
LivePerson, Inc. (a)(b)		20,944		252,794
Monster Worldwide, Inc. (a)		73,996		553,490
QuinStreet, Inc. (a)		14,885		98,836

				1,734,310

IT SERVICES — 1.3%
CACI International, Inc. (Class A) (a)(b)		18,164		1,340,503
CIBER, Inc. (a)		51,517		235,948
CSG Systems International, Inc.		9,993		260,218
ExlService Holdings, Inc. (a)		12,914		399,172
Forrester Research, Inc.		4,393		157,489
Heartland Payment Systems, Inc. (b)		13,097		542,870
Higher One Holdings, Inc. (a)		16,053		116,063
Sykes Enterprises, Inc. (a)		14,582		289,744
TeleTech Holdings, Inc. (a)		8,133		199,340

				3,541,347

LEISURE PRODUCTS — 0.3%
Callaway Golf Co. (b)		59,732		610,461
JAKKS Pacific, Inc.		13,129		94,791

				705,252

115

SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

LIFE SCIENCES TOOLS & SERVICES — 0.5%
Affymetrix, Inc. (a)(b)		28,947	$	206,392
Luminex Corp. (a)(b)		14,108		255,496
PAREXEL International Corp. (a)		18,340		992,011

				1,453,899

MACHINERY — 4.0%
Actuant Corp. (Class A)		35,972		1,228,444
Albany International Corp. (Class A)		13,091		465,254
Astec Industries, Inc.		14,488		636,168
Barnes Group, Inc.		15,168		583,513
Briggs & Stratton Corp. (b)		36,320		808,120
EnPro Industries, Inc. (a)(b)		10,199		741,161
ESCO Technologies, Inc.		20,489		721,008
John Bean Technologies Corp.		8,865		273,928
Lindsay Corp. (b)		5,414		477,407
Lydall, Inc. (a)		5,968		136,488
Mueller Industries, Inc.		43,692		1,310,323
Standex International Corp.		9,874		529,049
Tennant Co.		5,129		336,565
The Toro Co.		17,822		1,126,172
Titan International, Inc. (b)		41,445		787,041
Watts Water Technologies, Inc. (Class A)		13,086		768,017

				10,928,658

MARINE — 0.3%
Matson, Inc.		33,200		819,708

MEDIA — 0.8%
Harte-Hanks, Inc.		33,357		294,876
Live Nation Entertainment, Inc. (a)		48,735		1,059,986
Scholastic Corp. (b)		19,966		688,428
Sizmek, Inc. (a)		18,111		192,520

				2,235,810

METALS & MINING — 2.4%
A.M. Castle & Co. (a)(b)		12,841		188,634
AK Steel Holding Corp. (a)(b)		68,636		495,552
AMCOL International Corp. (b)		19,298		883,462
Century Aluminum Co. (a)		39,612		523,275
Globe Specialty Metals, Inc.		27,122		564,680
Haynes International, Inc.		9,543		515,322
Kaiser Aluminum Corp. (b)		13,879		991,238
Materion Corp.		15,961		541,557
Olympic Steel, Inc.		7,054		202,450
RTI International Metals, Inc. (a)		9,018		250,520
Stillwater Mining Co. (a)(b)		58,238		862,505
SunCoke Energy, Inc. (a)		28,538		651,808

				6,671,003

MULTI-UTILITIES — 1.0%
Avista Corp. (b)		46,385		1,421,700
NorthWestern Corp.		30,108		1,428,023

				2,849,723

MULTILINE RETAIL — 0.3%
Fred’s, Inc. (Class A)		26,430		476,005
Tuesday Morning Corp. (a)(b)		16,382		231,805

				707,810

OIL, GAS & CONSUMABLE FUELS — 2.3%
Approach Resources, Inc. (a)(b)		27,201		568,773
Arch Coal, Inc. (b)		164,382		792,321
Cloud Peak Energy, Inc. (a)		47,007		993,728
Comstock Resources, Inc. (b)		34,306		783,892
Contango Oil & Gas Co. (a)		11,783		562,521
Forest Oil Corp. (a)(b)		55,596		106,188
Green Plains Renewable Energy, Inc. (b)		20,642		618,434
PDC Energy, Inc. (a)		14,585		908,062
Penn Virginia Corp. (a)		20,064		350,920
PetroQuest Energy, Inc. (a)		30,333		172,898
Swift Energy Co. (a)(b)		33,497		360,428

				6,218,165

PAPER & FOREST PRODUCTS — 1.7%
Boise Cascade Co. (a)		24,354		697,499
Clearwater Paper Corp. (a)		16,162		1,012,872
Deltic Timber Corp.		4,992		325,628
Neenah Paper, Inc.		12,521		647,586
P.H. Glatfelter Co.		33,348		907,733
Schweitzer-Mauduit International, Inc.		13,824		588,764
Wausau Paper Corp. (b)		38,935		495,643

				4,675,725

PERSONAL PRODUCTS — 0.1%
Medifast, Inc. (a)(b)		9,876		287,293

PHARMACEUTICALS — 0.5%
Hi-Tech Pharmacal Co., Inc. (a)(b)		4,111		178,130
Impax Laboratories, Inc. (a)		50,124		1,324,276

				1,502,406

PROFESSIONAL SERVICES — 1.6%
CDI Corp.		11,153		191,274
Exponent, Inc.		3,948		296,337
Heidrick & Struggles International, Inc.		12,604		252,962
Insperity, Inc.		17,463		541,004
Kelly Services, Inc. (Class A)		21,151		501,913
Korn/Ferry International (a)		38,742		1,153,349
Navigant Consulting, Inc. (a)		15,720		293,335
Resources Connection, Inc.		30,766		433,493
TrueBlue, Inc. (a)		11,107		324,991
WageWorks, Inc. (a)		8,647		485,183

				4,473,841

REAL ESTATE INVESTMENT TRUSTS — 8.7%
Acadia Realty Trust		28,367		748,321
Agree Realty Corp.		11,514		350,141
American Assets Trust, Inc.		13,038		439,902
Associated Estates Realty Corp.		29,791		504,659
Capstead Mortgage Corp. (b)		73,948		936,182
Cedar Realty Trust, Inc.		52,024		317,867
Cousins Properties, Inc.		142,542		1,634,957
DiamondRock Hospitality Co.		75,474		886,819
EastGroup Properties, Inc. (b)		13,191		829,846
EPR Properties		40,905		2,183,918
Franklin Street Properties Corp.		67,452		849,895
Getty Realty Corp. (b)		20,653		390,135
Government Properties Income Trust (b)		42,300		1,065,960
Healthcare Realty Trust, Inc.		74,193		1,791,761
Inland Real Estate Corp.		20,098		212,034
Kite Realty Group Trust		101,215		607,290
LaSalle Hotel Properties		41,007		1,283,929

116

SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Lexington Realty Trust (b)		105,581	$	1,151,889
LTC Properties, Inc.		16,915		636,511
Medical Properties Trust, Inc.		43,396		555,035
Parkway Properties, Inc.		33,496		611,302
Pennsylvania Real Estate Investment Trust		53,472		965,170
Post Properties, Inc.		26,906		1,321,085
PS Business Parks, Inc.		7,715		645,128
Saul Centers, Inc.		4,978		235,758
Sovran Self Storage, Inc.		14,319		1,051,731
Tanger Factory Outlet Centers, Inc.		36,968		1,293,880
Universal Health Realty Income Trust		4,232		178,760
Urstadt Biddle Properties, Inc. (Class A)		12,772		263,869

				23,943,734

ROAD & RAIL — 0.6%
Arkansas Best Corp.		9,168		338,758
Heartland Express, Inc. (b)		19,741		447,923
Knight Transportation, Inc.		27,940		646,252
Roadrunner Transportation Systems, Inc. (a)(b)		6,766		170,774

				1,603,707

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 5.4%
ATMI, Inc. (a)		14,825		504,198
Brooks Automation, Inc.		51,568		563,638
Cabot Microelectronics Corp. (a)		11,127		489,588
CEVA, Inc. (a)		11,454		201,132
Cirrus Logic, Inc. (a)		28,374		563,791
Cohu, Inc.		17,598		189,002
Diodes, Inc. (a)		28,137		734,938
DSP Group, Inc. (a)		9,778		84,482
Entropic Communications, Inc. (a)(b)		45,900		187,731
Exar Corp. (a)		17,684		211,324
GT Advanced Technologies, Inc. (a)(b)		46,004		784,368
Hittite Microwave Corp.		14,010		883,190
Kopin Corp. (a)		30,461		115,143
Kulicke & Soffa Industries, Inc. (a)		58,810		741,594
Micrel, Inc.		35,351		391,689
Microsemi Corp. (a)		29,082		727,922
MKS Instruments, Inc.		41,214		1,231,886
Monolithic Power Systems, Inc. (a)		12,692		492,069
Nanometrics, Inc. (a)		10,848		194,939
Pericom Semiconductor Corp. (a)		16,402		128,428
Power Integrations, Inc.		9,170		603,203
Rubicon Technology, Inc. (a)		15,240		172,060
Rudolph Technologies, Inc. (a)		25,498		290,932
Sigma Designs, Inc. (a)		24,130		114,859
Supertex, Inc. (a)		8,006		264,038
Tessera Technologies, Inc.		21,747		513,882
TriQuint Semiconductor, Inc. (a)		125,553		1,681,155
Ultratech, Inc. (a)(b)		14,214		414,907
Veeco Instruments, Inc. (a)(b)		30,682		1,286,496

				14,762,584

SOFTWARE — 1.4%
Bottomline Technologies, Inc. (a)(b)		14,509		509,991
Ebix, Inc. (b)		24,744		422,380
EPIQ Systems, Inc.		7,025		95,751
Netscout Systems, Inc. (a)		15,080		566,707
Progress Software Corp. (a)		22,546		491,503
Quality Systems, Inc. (b)		15,924		268,797
Take-Two Interactive Software, Inc. (a)		45,672		1,001,587
Tangoe, Inc. (a)(b)		15,580		289,632
Vasco Data Security International (a)(b)		22,574		170,208

				3,816,556

SPECIALTY RETAIL — 5.5%
Aeropostale, Inc. (a)(b)		60,576		304,092
Barnes & Noble, Inc. (a)(b)		28,700		599,830
Big 5 Sporting Goods Corp.		13,923		223,464
Brown Shoe Co., Inc.		31,675		840,655
Christopher & Banks Corp. (a)		28,179		186,263
Genesco, Inc. (a)(b)		18,378		1,370,447
Group 1 Automotive, Inc. (b)		16,279		1,068,879
Haverty Furniture Cos., Inc.		7,930		235,521
Hibbett Sports, Inc. (a)(b)		9,656		510,609
Jos. A. Bank Clothiers, Inc. (a)		14,303		919,683
Monro Muffler Brake, Inc. (b)		8,533		485,357
Outerwall, Inc. (a)(b)		5,348		387,730
Pep Boys-Manny, Moe & Jack (a)		41,843		532,243
Select Comfort Corp. (a)		27,778		502,226
Sonic Automotive, Inc. (Class A)		26,533		596,462
Stage Stores, Inc. (b)		24,099		589,221
Stein Mart, Inc.		21,293		298,315
The Buckle, Inc. (b)		12,983		594,621
The Cato Corp. (Class A)		20,798		562,378
The Children’s Place Retail Stores, Inc. (b)		17,229		858,176
The Finish Line, Inc. (Class A)		37,855		1,025,492
The Men’s Wearhouse, Inc.		17,765		870,130
Vitamin Shoppe, Inc. (a)		23,546		1,118,906
Zale Corp. (a)		11,745		245,588
Zumiez, Inc. (a)(b)		7,201		174,552

				15,100,840

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.5%
Intevac, Inc. (a)		11,906		115,488
QLogic Corp. (a)		66,994		854,174
Super Micro Computer, Inc. (a)		25,573		444,203

				1,413,865

TEXTILES, APPAREL & LUXURY GOODS — 1.4%
Crocs, Inc. (a)		68,417		1,067,305
G-III Apparel Group, Ltd. (a)		5,860		419,459
Oxford Industries, Inc.		4,124		322,497
Perry Ellis International, Inc. (a)		9,120		125,309
Quiksilver, Inc. (a)(b)		98,930		742,964
Skechers U.S.A., Inc. (a)		30,671		1,120,718

				3,798,252

THRIFTS & MORTGAGE FINANCE — 1.1%
Bank Mutual Corp.		12,754		80,860
Brookline Bancorp, Inc.		54,447		512,891
Dime Community Bancshares		22,640		384,427
Northwest Bancshares, Inc.		72,916		1,064,574
Provident Financial Services, Inc.		41,228		757,358

117

SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

TrustCo Bank Corp. NY		46,099	$	324,537

				3,124,647

TOBACCO — 0.1%
Alliance One International, Inc. (a)		63,326		184,912

TRADING COMPANIES & DISTRIBUTORS — 0.9%
Applied Industrial Technologies, Inc.		32,428		1,564,327
Kaman Corp. (b)		20,792		845,818

				2,410,145

WATER UTILITIES — 0.2%
American States Water Co.		17,724		572,308

WIRELESS TELECOMMUNICATION SERVICES — 0.1%
NTELOS Holdings Corp. (b)		7,289		98,401
USA Mobility, Inc.		16,953		308,036

				406,437

TOTAL COMMON STOCKS —
(Cost $238,589,452)				275,124,752

SHORT TERM INVESTMENTS — 16.1%
MONEY MARKET FUNDS — 16.1%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		43,821,815		43,821,815
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		686,496		686,496

TOTAL SHORT TERM INVESTMENTS —
(Cost $44,508,311)				44,508,311

TOTAL INVESTMENTS — 115.8% (f)
(Cost $283,097,763)				319,633,063
OTHER ASSETS & LIABILITIES — (15.8)%				(43,553,688	)

NET ASSETS — 100.0%			$	276,079,375


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

118

SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.6%
AUSTRALIA — 1.3%
BHP Billiton, Ltd. (a)		20,341	$	687,571
National Australia Bank, Ltd.		21,834		717,599

				1,405,170

BELGIUM — 0.7%
Anheuser-Busch InBev NV		6,966		730,627

BRAZIL — 1.7%
Cia Energetica de Minas Gerais		108,603		733,965
Petroleo Brasileiro SA ADR (a)		41,989		582,388
Petroleo Brasileiro SA Preference Shares		1,500		10,490
Vale SA Preference Shares		46,777		587,692

				1,914,535

CANADA — 2.0%
Canadian Oil Sands, Ltd.		35,146		738,424
Potash Corp. of Saskatchewan, Inc. (a)		20,839		755,018
Royal Bank of Canada		10,820		714,537

				2,207,979

CHINA — 2.4%
China Construction Bank Corp.		872,461		610,730
China Petroleum & Chemical Corp.		872,744		780,818
Industrial & Commercial Bank of China		966,016		594,027
PetroChina Co., Ltd.		611,431		666,051

				2,651,626

DENMARK — 1.1%
Vestas Wind Systems A/S (b)		31,060		1,248,822

FINLAND — 0.8%
Sampo Oyj (Class A)		16,078		834,305

FRANCE — 6.4%
BNP Paribas		10,247		790,743
Carrefour SA		20,090		777,923
Compagnie de Saint-Gobain		13,944		842,723
GDF Suez		28,313		774,985
LVMH Moet Hennessy Louis Vuitton SA		3,585		651,968
Societe Generale		13,885		855,519
Total SA		11,993		786,797
Veolia Environnement SA		39,895		789,588
Vinci SA		12,116		900,236

				7,170,482

GERMANY — 4.8%
Allianz SE		4,497		760,493
BASF SE		7,341		816,299
Daimler AG		8,985		849,389
Deutsche Bank AG		14,681		657,102
E.ON AG		37,373		730,917
SAP AG		9,362		758,191
Siemens AG		5,883		792,175

				5,364,566

HONG KONG — 2.9%
China Mobile, Ltd.		60,521		553,947
China Unicom (Hong Kong), Ltd.		417,404		548,858
CLP Holdings, Ltd.		83,334		628,466
Esprit Holdings, Ltd.		432,737		719,643
Hutchison Whampoa, Ltd.		55,759		738,225

				3,189,139

INDIA — 2.0%
Bharti Airtel, Ltd.		132,335		704,081
Infosys Technologies, Ltd. ADR		14,246		771,848
Reliance Industries, Ltd.		11,321		176,433
Reliance Industries, Ltd. GDR (c)		19,022		589,682

				2,242,044

ITALY — 1.6%
Assicurazioni Generali SpA		34,391		766,922
UniCredit SpA		109,289		998,660

				1,765,582

JAPAN — 9.5%
Bridgestone Corp.		19,549		694,755
Canon, Inc.		21,221		657,535
Honda Motor Co., Ltd.		17,775		627,221
Komatsu, Ltd.		26,603		552,286
Mitsubishi Corp.		34,589		643,516
Mitsubishi UFJ Financial Group, Inc.		107,247		590,465
Mitsui & Co., Ltd.		47,151		667,993
Mizuho Financial Group, Inc. (a)		314,241		622,471
Nintendo Co., Ltd.		6,260		745,231
Nippon Steel Corp.		203,961		558,499
Panasonic Corp.		73,044		831,972
Seven & I Holdings Co., Ltd.		18,796		719,827
Sony Corp. (a)		32,262		617,766
Takeda Pharmaceutical Co., Ltd.		14,409		684,457
Toshiba Corp.		166,205		705,264
Toyota Motor Corp.		10,674		603,843

				10,523,101

LUXEMBOURG — 0.7%
ArcelorMittal (a)		48,498		781,721

MEXICO — 0.6%
America Movil SAB de CV		671,876		666,277

NETHERLANDS ANTILLES — 0.7%
Schlumberger, Ltd.		7,789		759,427

PORTUGAL — 0.8%
EDP — Energias de Portugal SA		189,447		880,186

RUSSIA — 0.5%
Gazprom OAO ADR		78,147		601,732

SOUTH KOREA — 1.1%
LG Electronics, Inc.		10,100		615,802
Samsung Electronics Co., Ltd. GDR		1,050		660,450

				1,276,252

SPAIN — 2.2%
Banco Bilbao Vizcaya Argentaria SA		65,356		785,290
Banco Santander SA		92,488		882,231
Telefonica SA		45,823		725,341

				2,392,862

SWEDEN — 0.6%
Telefonaktiebolaget LM Ericsson (Class B)		50,145		666,687

SWITZERLAND — 4.0%
ABB, Ltd. (b)		29,837		770,118
Credit Suisse Group AG (b)		22,329		722,687
Nestle SA		10,200		768,450
Novartis AG		8,964		761,080
Roche Holding AG		2,658		797,385

119

SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

UBS AG (b)		32,648	$	674,877

				4,494,597

TAIWAN — 0.7%
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		39,541		791,611

UNITED KINGDOM — 6.8%
Anglo American PLC		27,354		696,133
AstraZeneca PLC		13,494		872,078
BAE Systems PLC		96,691		667,684
BP PLC		96,327		770,840
GlaxoSmithKline PLC		26,445		701,657
HSBC Holdings PLC		60,408		611,808
National Grid PLC		57,855		792,844
Rio Tinto PLC		13,620		757,832
Royal Dutch Shell PLC (Class A)		20,865		762,640
Tesco PLC		115,284		567,746
Vodafone Group PLC		110,329		405,209

				7,606,471

UNITED STATES — 43.7%
3M Co. (a)		5,762		781,673
Abbott Laboratories		19,371		745,977
Alcoa, Inc. (a)		84,277		1,084,645
Amazon.com, Inc. (b)		2,298		773,323
American Express Co.		9,050		814,771
Amgen, Inc.		5,884		725,733
Apple, Inc.		1,492		800,816
AT&T, Inc. (a)		19,838		695,719
Bank of America Corp.		46,530		800,316
Baxter International, Inc. (a)		9,527		700,997
Berkshire Hathaway, Inc. (Class B) (b)		5,984		747,820
Carnival Corp. (a)		18,215		689,620
Caterpillar, Inc. (a)		7,759		771,012
Chevron Corp.		5,440		646,870
Cisco Systems, Inc.		27,995		627,368
Colgate-Palmolive Co.		11,444		742,372
ConocoPhillips		9,868		694,214
Deere & Co. (a)		8,285		752,278
E. I. du Pont de Nemours & Co.		11,470		769,637
eBay, Inc. (b)		12,578		694,809
Express Scripts Holding Co. (b)		10,342		776,581
Exxon Mobil Corp.		7,649		747,154
FedEx Corp. (a)		6,288		833,537
Freeport-McMoRan Copper & Gold, Inc.		20,444		676,083
General Electric Co.		28,634		741,334
Gilead Sciences, Inc. (a)(b)		10,694		757,777
Google, Inc. (Class A) (b)		762		849,257
Hewlett-Packard Co.		30,821		997,367
Honeywell International, Inc.		8,105		751,820
Intel Corp.		28,856		744,773
International Business Machines Corp.		3,507		675,062
Johnson & Johnson		7,581		744,682
JPMorgan Chase & Co.		12,835		779,213
McDonald’s Corp.		6,962		682,485
Medtronic, Inc.		12,555		772,635
Merck & Co., Inc.		14,261		809,597
Microsoft Corp.		20,401		836,237
Mondelez International, Inc. (Class A)		21,558		744,829
Monsanto Co.		6,523		742,122
NIKE, Inc. (Class B)		9,978		736,975
Pfizer, Inc.		23,950		769,274
Philip Morris International, Inc.		7,630		624,668
QUALCOMM, Inc.		9,793		772,276
Southwest Airlines Co. (a)		48,750		1,150,987
Starbucks Corp.		8,876		651,321
The Bank of New York Mellon Corp.		21,731		766,887
The Boeing Co.		6,054		759,716
The Coca-Cola Co. (a)		17,426		673,689
The Goldman Sachs Group, Inc.		4,170		683,254
The Home Depot, Inc.		9,085		718,896
The NASDAQ OMX Group, Inc.		21,769		804,147
The Procter & Gamble Co.		8,640		696,384
The Travelers Cos., Inc.		8,100		689,310
The Walt Disney Co.		10,243		820,157
The Williams Cos., Inc.		18,827		764,000
Time Warner, Inc.		10,896		711,836
Twenty-First Century Fox, Inc.		20,825		665,775
United Parcel Service, Inc. (Class B) (a)		7,692		749,047
United Technologies Corp.		6,244		729,549
UnitedHealth Group, Inc.		8,999		737,828
Verizon Communications, Inc.		19,589		931,849
Visa, Inc. (Class A) (a)		3,601		777,312
Wal-Mart Stores, Inc.		9,011		688,711
Wells Fargo & Co.		16,177		804,644

				48,601,007

TOTAL COMMON STOCKS —
(Cost $99,011,171)				110,766,808

RIGHTS — 0.0% (d)
SPAIN — 0.0% (d)
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/14) (b) (Cost $15,100)		65,356		15,313

SHORT TERM INVESTMENTS — 6.9%
MONEY MARKET FUNDS — 6.9%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		7,474,756		7,474,756
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		120,557		120,557

TOTAL SHORT TERM INVESTMENTS —
(Cost $7,595,313)				7,595,313

TOTAL INVESTMENTS — 106.5% (h)
(Cost $106,621,584)				118,377,434
OTHER ASSETS & LIABILITIES — (6.5)%				(7,175,809	)

NET ASSETS — 100.0%			$	111,201,625

120

SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.5% of net assets as of March 31, 2014, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d)		Amount shown represents less than 0.05% of net assets.
(e)		Investment of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

PLC = Public Limited Company

121

SPDR Dow Jones REIT ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.6%
DIVERSIFIED REITS — 5.9%
Cousins Properties, Inc.		928,134	$	10,645,697
Liberty Property Trust		737,506		27,258,222
PS Business Parks, Inc.		101,425		8,481,158
Vornado Realty Trust		876,235		86,361,721
Washington Real Estate Investment Trust (a)		340,319		8,126,818

				140,873,616

INDUSTRIAL REITS — 6.2%
DCT Industrial Trust, Inc.		1,620,325		12,768,161
DuPont Fabros Technology, Inc. (a)		330,835		7,963,198
EastGroup Properties, Inc. (a)		156,950		9,873,725
First Industrial Realty Trust, Inc.		507,777		9,810,252
First Potomac Realty Trust (a)		302,619		3,909,837
ProLogis		2,513,606		102,630,533

				146,955,706

OFFICE REITS — 16.5%
Alexandria Real Estate Equities, Inc.		360,405		26,150,987
BioMed Realty Trust, Inc. (a)		968,809		19,850,896
Boston Properties, Inc.		769,794		88,164,507
Brandywine Realty Trust		788,543		11,402,332
Columbia Property Trust, Inc.		621,830		16,944,868
CommonWealth REIT (a)		559,910		14,725,633
Corporate Office Properties Trust (a)		439,812		11,716,592
Digital Realty Trust, Inc. (a)		646,300		34,305,604
Douglas Emmett, Inc. (a)		652,842		17,718,132
Duke Realty Corp.		1,645,257		27,771,938
Franklin Street Properties Corp.		446,090		5,620,734
Highwoods Properties, Inc. (a)		452,446		17,378,451
Kilroy Realty Corp.		413,087		24,198,636
Mack-Cali Realty Corp.		446,617		9,285,167
Parkway Properties, Inc.		363,513		6,634,112
Piedmont Office Realty Trust, Inc. (Class A) (a)		776,695		13,320,319
SL Green Realty Corp.		478,206		48,117,088

				393,305,996

RESIDENTIAL REITS — 18.2%
American Campus Communities, Inc.		527,146		19,688,903
American Homes 4 Rent (Class A)		236,581		3,953,268
Apartment Investment & Management Co. (Class A)		735,071		22,213,846
Associated Estates Realty Corp.		294,902		4,995,640
AvalonBay Communities, Inc.		612,075		80,377,689
BRE Properties, Inc.		388,954		24,418,532
Camden Property Trust		429,771		28,940,779
Education Realty Trust, Inc.		587,577		5,799,385
Equity Lifestyle Properties, Inc.		398,267		16,189,554
Equity Residential		1,689,396		97,968,074
Essex Property Trust, Inc. (a)		193,997		32,989,190
Home Properties, Inc.		286,994		17,254,079
Mid-America Apartment Communities, Inc. (a)		377,122		25,746,119
Post Properties, Inc.		273,344		13,421,190
Sun Communities, Inc. (a)		188,988		8,521,469
UDR, Inc.		1,264,965		32,674,046

				435,151,763

RETAIL REITS — 25.7%
Acadia Realty Trust		284,258		7,498,726
CBL & Associates Properties, Inc. (a)		855,498		15,185,089
Cedar Realty Trust, Inc. (a)		338,716		2,069,555
DDR Corp. (a)		1,463,980		24,126,390
Equity One, Inc. (a)		323,175		7,219,730
Federal Realty Investment Trust		336,150		38,563,128
General Growth Properties, Inc.		2,623,705		57,721,510
Glimcher Realty Trust		742,311		7,445,379
Inland Real Estate Corp. (a)		428,405		4,519,673
Kimco Realty Corp.		2,061,618		45,108,202
Kite Realty Group Trust		664,653		3,987,918
Pennsylvania Real Estate Investment Trust		348,814		6,296,093
Ramco-Gershenson Properties Trust (a)		341,317		5,563,467
Regency Centers Corp. (a)		464,549		23,719,872
Rouse Properties, Inc. (a)		174,175		3,002,777
Saul Centers, Inc.		64,450		3,052,352
Simon Property Group, Inc.		1,582,252		259,489,328
Tanger Factory Outlet Centers, Inc. (a)		483,009		16,905,315
Taubman Centers, Inc.		317,651		22,486,514
The Macerich Co.		707,102		44,073,668
Weingarten Realty Investors (a)		564,490		16,934,700

				614,969,386

SPECIALIZED REITS — 27.1%
Ashford Hospitality Prime, Inc.		107,741		1,629,044
Ashford Hospitality Trust, Inc.		358,723		4,042,808
CubeSmart (a)		650,974		11,170,714
DiamondRock Hospitality Co.		983,466		11,555,726
Extra Space Storage, Inc.		553,461		26,848,393
FelCor Lodging Trust, Inc. (a)		560,479		5,066,730
HCP, Inc.		2,300,052		89,219,017
Health Care REIT, Inc.		1,458,827		86,946,089
Healthcare Realty Trust, Inc.		482,901		11,662,059
Hersha Hospitality Trust		985,375		5,744,736
Hospitality Properties Trust		757,104		21,744,027
Host Hotels & Resorts, Inc.		3,807,181		77,057,343
LaSalle Hotel Properties		523,199		16,381,361
LTC Properties, Inc.		176,289		6,633,755
Pebblebrook Hotel Trust (a)		320,619		10,827,304
Public Storage		727,363		122,553,392
Senior Housing Properties Trust		946,736		21,273,158
Sovran Self Storage, Inc.		162,867		11,962,581
Sunstone Hotel Investors, Inc.		920,086		12,632,781
Universal Health Realty Income Trust		65,028		2,746,783
Ventas, Inc.		1,480,586		89,679,094

				647,376,895

TOTAL COMMON STOCKS —
(Cost $2,090,983,201)				2,378,633,362

SHORT TERM INVESTMENTS — 5.7%
MONEY MARKET FUNDS — 5.7%
State Street Navigator Securities Lending Prime Portfolio (b)(c)		131,712,068		131,712,068

122

SPDR Dow Jones REIT ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

State Street Institutional Liquid Reserves Fund 0.08% (c)(d)		4,721,366	$	4,721,366

TOTAL SHORT TERM INVESTMENTS —
(Cost $136,433,434)				136,433,434

TOTAL INVESTMENTS — 105.3% (e)
(Cost $2,227,416,635)				2,515,066,796
OTHER ASSETS & LIABILITIES — (5.3)%				(126,773,362	)

NET ASSETS — 100.0%			$	2,388,293,434

REIT = Real Estate Investment Trust

123

SPDR S&P Bank ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
ASSET MANAGEMENT & CUSTODY BANKS — 3.9%
Northern Trust Corp.		784,071	$	51,403,695
The Bank of New York Mellon Corp.		1,468,335		51,817,542

				103,221,237

DIVERSIFIED BANKS — 7.5%
Bank of America Corp.		2,895,505		49,802,686
Comerica, Inc. (a)		1,000,878		51,845,480
U.S. Bancorp		1,171,068		50,191,975
Wells Fargo & Co.		1,026,353		51,050,798

				202,890,939

OTHER DIVERSIFIED FINANCIAL SERVICES — 5.6%
Citigroup, Inc.		1,037,666		49,392,902
ING US, Inc.		1,375,719		49,897,328
JPMorgan Chase & Co.		856,416		51,993,015

				151,283,245

REGIONAL BANKS — 66.4%
Associated Banc-Corp. (a)		2,787,729		50,346,386
BancorpSouth, Inc. (a)		1,950,564		48,686,077
Bank of Hawaii Corp. (a)		832,014		50,428,369
BB&T Corp.		1,264,456		50,793,198
CapitalSource, Inc.		3,311,481		48,314,508
CIT Group, Inc.		1,007,389		49,382,209
City National Corp.		643,010		50,617,747
Commerce Bancshares, Inc.		1,087,262		50,470,702
Cullen/Frost Bankers, Inc. (a)		646,928		50,156,328
East West Bancorp, Inc.		1,326,246		48,407,979
F.N.B. Corp.		3,794,527		50,846,662
Fifth Third Bancorp		2,177,500		49,973,625
First Horizon National Corp. (a)		4,047,111		49,941,350
First Republic Bank		921,633		49,758,966
FirstMerit Corp.		2,273,124		47,349,173
Fulton Financial Corp.		3,845,511		48,376,528
Hancock Holding Co.		1,341,596		49,169,493
Huntington Bancshares, Inc.		5,083,142		50,678,926
KeyCorp		3,527,622		50,233,337
M&T Bank Corp. (a)		414,311		50,255,924
PNC Financial Services Group, Inc.		587,091		51,076,917
Popular, Inc. (b)		1,675,112		51,911,721
Prosperity Bancshares, Inc. (a)		757,556		50,112,329
Regions Financial Corp.		4,576,275		50,842,415
Signature Bank (b)		381,623		47,928,033
SunTrust Banks, Inc.		1,259,672		50,122,349
Susquehanna Bancshares, Inc.		4,458,759		50,785,265
SVB Financial Group (b)		384,457		49,510,372
Synovus Financial Corp.		14,265,602		48,360,391
TCF Financial Corp. (a)		2,975,281		49,568,181
Texas Capital Bancshares, Inc. (a)(b)		760,428		49,382,194
UMB Financial Corp.		762,008		49,301,918
Umpqua Holdings Corp. (a)		2,604,112		48,540,648
Valley National Bancorp (a)		4,854,829		50,538,770
Wintrust Financial Corp.		1,017,685		49,520,552
Zions Bancorporation (a)		1,551,675		48,070,891

				1,789,760,433

THRIFTS & MORTGAGE FINANCE — 16.4%
BankUnited, Inc.		1,459,492		50,746,537
First Niagara Financial Group, Inc.		5,363,338		50,683,544
Hudson City Bancorp, Inc.		5,088,398		50,018,952
MGIC Investment Corp. (a)(b)		5,709,634		48,646,082
New York Community Bancorp, Inc. (a)		3,047,952		48,980,589
Ocwen Financial Corp. (a)(b)		1,211,229		47,455,952
People’s United Financial, Inc. (a)		3,375,877		50,199,291
Radian Group, Inc. (a)		3,181,549		47,818,682
Webster Financial Corp.		1,556,687		48,350,698

				442,900,327

TOTAL COMMON STOCKS —
(Cost $2,197,897,304)				2,690,056,181

SHORT TERM INVESTMENTS — 10.4%
MONEY MARKET FUNDS — 10.4%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		276,835,549		276,835,549
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		4,115,185		4,115,185

TOTAL SHORT TERM INVESTMENTS —
(Cost $280,950,734)				280,950,734

TOTAL INVESTMENTS — 110.2% (f)
(Cost $2,478,848,038)				2,971,006,915
OTHER ASSETS & LIABILITIES — (10.2)%				(273,986,848	)

NET ASSETS — 100.0%			$	2,697,020,067


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

124

SPDR S&P Capital Markets ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.6%
ASSET MANAGEMENT & CUSTODY BANKS — 57.8%
Affiliated Managers Group, Inc. (a)		32,184	$	6,438,409
Ameriprise Financial, Inc.		55,020		6,056,051
Arlington Asset Investment Corp. (Class A) (b)		59,589		1,577,917
Artisan Partners Asset Management, Inc.		76,480		4,913,840
BlackRock, Inc.		20,139		6,333,313
Cohen & Steers, Inc. (b)		66,383		2,645,363
Eaton Vance Corp.		159,982		6,104,913
Federated Investors, Inc. (Class B) (b)		221,336		6,759,601
Financial Engines, Inc. (b)		101,224		5,140,155
Franklin Resources, Inc.		116,512		6,312,620
Invesco, Ltd.		172,492		6,382,204
Janus Capital Group, Inc. (b)		552,000		6,000,240
Legg Mason, Inc. (b)		131,627		6,454,988
Northern Trust Corp.		96,006		6,294,153
SEI Investments Co.		180,540		6,067,949
State Street Corp. (c)		92,013		6,399,504
T. Rowe Price Group, Inc.		74,190		6,109,547
The Bank of New York Mellon Corp.		179,779		6,344,401
Virtus Investment Partners, Inc. (a)		29,237		5,062,971
Waddell & Reed Financial, Inc. (Class A)		84,053		6,187,982
WisdomTree Investments, Inc. (a)(b)		423,922		5,561,857

				119,147,978

DIVERSIFIED CAPITAL MARKETS — 1.1%
HFF, Inc. (Class A)		68,429		2,299,899

INVESTMENT BANKING & BROKERAGE — 37.7%
BGC Partners, Inc. (Class A)		442,079		2,891,197
E*TRADE Financial Corp. (a)		253,561		5,836,974
Evercore Partners, Inc. (Class A)		104,604		5,779,371
FXCM, Inc. (Class A) (b)		189,582		2,800,126
Greenhill & Co., Inc. (b)		112,697		5,857,990
Investment Technology Group, Inc. (a)		117,986		2,383,317
KCG Holdings, Inc. (Class A) (a)		150,683		1,797,648
Lazard, Ltd. (Class A)		131,021		6,169,779
LPL Investment Holdings, Inc.		113,664		5,971,906
Morgan Stanley		191,516		5,969,554
Piper Jaffray Co., Inc. (a)		29,622		1,356,688
Raymond James Financial, Inc.		114,916		6,427,252
Stifel Financial Corp. (a)		125,312		6,235,525
TD Ameritrade Holding Corp.		179,184		6,083,297
The Charles Schwab Corp.		228,640		6,248,731
The Goldman Sachs Group, Inc.		36,020		5,901,877

				77,711,232

MORTGAGE REIT — 3.0%
Walter Investment Management Corp. (a)(b)		205,382		6,126,545

TOTAL COMMON STOCKS —
(Cost $196,450,812)				205,285,654

SHORT TERM INVESTMENTS — 16.8%
MONEY MARKET FUNDS — 16.8%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		34,091,132		34,091,132
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		549,823		549,823

TOTAL SHORT TERM INVESTMENTS —
(Cost $34,640,955)				34,640,955

TOTAL INVESTMENTS — 116.4% (g)
(Cost $231,091,767)				239,926,609
OTHER ASSETS & LIABILITIES — (16.4)%				(33,844,008	)

NET ASSETS — 100.0%			$	206,082,601


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

REIT = Real Estate Investment Trust

125

SPDR S&P Insurance ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
INSURANCE BROKERS — 10.2%
Aon PLC		72,751	$	6,131,454
Arthur J. Gallagher & Co.		130,675		6,217,517
Brown & Brown, Inc.		195,347		6,008,874
Marsh & McLennan Cos., Inc.		123,628		6,094,860
Willis Group Holdings PLC		143,175		6,318,313

				30,771,018

LIFE & HEALTH INSURANCE — 22.2%
Aflac, Inc.		94,673		5,968,186
CNO Financial Group, Inc.		328,172		5,939,913
Lincoln National Corp.		120,470		6,104,215
MetLife, Inc.		117,432		6,200,410
Primerica, Inc.		128,037		6,031,823
Principal Financial Group, Inc.		133,763		6,151,760
Protective Life Corp.		115,171		6,056,843
Prudential Financial, Inc.		72,502		6,137,294
StanCorp Financial Group, Inc.		91,113		6,086,348
Torchmark Corp. (a)		77,831		6,125,300
Unum Group		174,025		6,144,823

				66,946,915

MULTI-LINE INSURANCE — 14.3%
American Financial Group, Inc.		107,700		6,215,367
American International Group, Inc.		124,962		6,249,350
Assurant, Inc.		92,898		6,034,654
Genworth Financial, Inc. (Class A) (b)		365,284		6,476,485
Hartford Financial Services Group, Inc.		172,220		6,074,199
HCC Insurance Holdings, Inc.		135,535		6,165,487
Loews Corp.		138,049		6,081,059

				43,296,601

PROPERTY & CASUALTY INSURANCE — 36.8%
ACE, Ltd.		62,116		6,153,211
Alleghany Corp. (b)		15,198		6,191,361
Allied World Assurance Company Holdings, Ltd.		59,164		6,105,133
Aspen Insurance Holdings, Ltd.		156,459		6,211,422
Assured Guaranty, Ltd.		238,362		6,035,326
Axis Capital Holdings, Ltd.		133,603		6,125,698
Cincinnati Financial Corp.		128,404		6,248,139
Fidelity National Financial, Inc. (Class A)		190,678		5,994,916
First American Financial Corp. (a)		222,241		5,900,499
MBIA, Inc. (b)		430,268		6,019,449
Old Republic International Corp.		386,135		6,332,614
ProAssurance Corp.		138,865		6,183,659
The Allstate Corp.		110,086		6,228,666
The Chubb Corp.		70,460		6,292,078
The Hanover Insurance Group, Inc.		101,710		6,249,062
The Progressive Corp.		256,090		6,202,500
The Travelers Cos., Inc.		73,412		6,247,361
W.R. Berkley Corp.		149,312		6,214,365

				110,935,459

REINSURANCE — 16.4%
Arch Capital Group, Ltd. (b)		105,479		6,069,262
Endurance Specialty Holdings, Ltd. (a)		114,245		6,149,808
Everest Re Group, Ltd.		40,342		6,174,343
PartnerRe, Ltd.		60,055		6,215,692
Reinsurance Group of America, Inc.		78,281		6,233,516
RenaissanceRe Holdings, Ltd. (a)		62,591		6,108,882
Validus Holdings, Ltd.		161,313		6,083,113
XL Group PLC		202,547		6,329,594

				49,364,210

TOTAL COMMON STOCKS —
(Cost $294,514,999)				301,314,203

SHORT TERM INVESTMENTS — 4.3%
MONEY MARKET FUNDS — 4.3%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		12,936,154		12,936,154
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		168,931		168,931

TOTAL SHORT TERM INVESTMENTS —
(Cost $13,105,085)				13,105,085

TOTAL INVESTMENTS — 104.2% (f)
(Cost $307,620,084)				314,419,288
OTHER ASSETS & LIABILITIES — (4.2)%				(12,642,765	)

NET ASSETS — 100.0%			$	301,776,523


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

126

SPDR S&P Mortgage Finance ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.7%
HOUSEHOLD DURABLES — 19.1%
D.R. Horton, Inc. (a)		7,619	$	164,951
Lennar Corp. (Class A) (a)		4,196		166,245
M.D.C. Holdings, Inc. (a)		5,938		167,927
M/I Homes, Inc. (a)(b)		4,771		106,966
NVR, Inc. (a)(b)		141		161,727
Pulte Group, Inc. (a)		8,769		168,277
Standard Pacific Corp. (a)(b)		19,663		163,400
Taylor Morrison Home Corp. (Class A) (a)(b)		5,968		140,248
The Ryland Group, Inc. (a)		4,156		165,949
Toll Brothers, Inc. (b)		4,637		166,468

				1,572,158

INSURANCE — 52.3%
ACE, Ltd. (a)		1,717		170,086
Allied World Assurance Company Holdings, Ltd.		1,635		168,716
Ambac Financial Group, Inc. (a)(b)		5,257		163,125
Amtrust Financial Services, Inc. (a)		4,468		168,041
Arch Capital Group, Ltd. (a)(b)		2,918		167,902
Argo Group International Holdings, Ltd. (a)		2,200		100,980
Aspen Insurance Holdings, Ltd.		4,328		171,821
Assured Guaranty, Ltd.		6,593		166,935
Axis Capital Holdings, Ltd. (a)		3,696		169,461
Cincinnati Financial Corp.		3,550		172,743
CNA Financial Corp.		1,919		81,980
Employers Holdings, Inc. (a)		4,594		92,937
Fidelity National Financial, Inc. (Class A)		5,274		165,814
First American Financial Corp. (a)		6,146		163,176
Hilltop Holdings, Inc. (b)		5,701		135,627
MBIA, Inc. (b)		11,901		166,495
Mercury General Corp. (a)		2,414		108,823
Old Republic International Corp.		10,682		175,185
ProAssurance Corp.		3,843		171,129
RLI Corp. (a)		2,783		123,120
Stewart Information Services Corp. (a)		2,867		100,718
The Allstate Corp. (a)		3,046		172,343
The Chubb Corp.		1,950		174,135
The Hanover Insurance Group, Inc.		2,815		172,953
The Progressive Corp.		7,085		171,599
The Travelers Cos., Inc. (a)		2,031		172,838
W.R. Berkley Corp.		4,129		171,849
XL Group PLC		5,603		175,094

				4,315,625

THRIFTS & MORTGAGE FINANCE — 28.3%
Astoria Financial Corp. (a)		7,307		100,983
BofI Holding, Inc. (a)(b)		1,591		136,428
Brookline Bancorp, Inc.		5,924		55,804
Capitol Federal Financial, Inc.		13,337		167,379
EverBank Financial Corp. (a)		7,004		138,189
Home Loan Servicing Solutions, Ltd. (a)		7,814		168,782
Hudson City Bancorp, Inc.		17,565		172,664
MGIC Investment Corp. (a)(b)		19,709		167,921
Nationstar Mortgage Holdings, Inc. (a)(b)		5,119		166,163
New York Community Bancorp, Inc. (a)		10,521		169,072
Northwest Bancshares, Inc. (a)		8,189		119,559
Ocwen Financial Corp. (a)(b)		4,181		163,812
Oritani Financial Corp. (a)		2,733		43,209
People’s United Financial, Inc. (a)		11,653		173,280
Provident Financial Services, Inc. (a)		2,888		53,053
Radian Group, Inc. (a)		10,982		165,059
TFS Financial Corp. (b)		3,866		48,054
Washington Federal, Inc.		5,535		128,966

				2,338,377

TOTAL COMMON STOCKS —
(Cost $6,217,788)				8,226,160

SHORT TERM INVESTMENTS — 23.9%
MONEY MARKET FUNDS — 23.9%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		1,953,280		1,953,280
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		15,849		15,849

TOTAL SHORT TERM INVESTMENTS —
(Cost $1,969,129)				1,969,129

TOTAL INVESTMENTS — 123.6% (f)
(Cost $8,186,917)				10,195,289
OTHER ASSETS & LIABILITIES — (23.6)%				(1,944,458	)

NET ASSETS — 100.0%			$	8,250,831


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

127

SPDR S&P Regional Banking ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
REGIONAL BANKS — 95.7%
Associated Banc-Corp.		2,040,744	$	36,855,837
BancorpSouth, Inc. (a)		1,427,921		35,640,908
Bank of Hawaii Corp.		609,024		36,912,945
Bank of the Ozarks, Inc. (a)		521,201		35,472,940
Banner Corp.		726,736		29,948,791
BB&T Corp.		925,692		37,185,048
BBCN Bancorp, Inc.		1,952,805		33,471,078
BOK Financial Corp. (a)		495,521		34,215,725
Boston Private Financial Holdings, Inc.		1,858,797		25,149,523
CapitalSource, Inc.		2,424,272		35,370,128
Cardinal Financial Corp.		845,539		15,075,960
Cathay General Bancorp		1,399,819		35,261,441
CIT Group, Inc.		737,466		36,150,583
City National Corp.		470,755		37,057,834
Columbia Banking System, Inc.		1,085,925		30,970,581
Commerce Bancshares, Inc.		795,971		36,948,974
Community Bank System, Inc. (a)		739,466		28,853,963
Cullen/Frost Bankers, Inc. (a)		473,614		36,719,293
CVB Financial Corp. (a)		2,235,500		35,544,450
East West Bancorp, Inc.		970,893		35,437,594
F.N.B. Corp.		2,777,857		37,223,284
Fifth Third Bancorp		1,594,067		36,583,838
First BanCorp- Puerto Rico (b)		5,154,323		28,039,517
First Commonwealth Financial Corp. (a)		2,363,264		21,363,907
First Financial Bancorp		1,357,312		24,404,470
First Financial Bankshares, Inc. (a)		592,589		36,616,074
First Horizon National Corp. (a)		2,962,712		36,559,866
First Interstate Bancsystem, Inc.		552,710		15,597,476
First Midwest Bancorp, Inc.		1,909,102		32,607,462
First Republic Bank		674,738		36,429,105
FirstMerit Corp.		1,664,134		34,663,911
Fulton Financial Corp.		2,815,182		35,414,990
Glacier Bancorp, Inc.		1,209,973		35,173,915
Hancock Holding Co.		982,119		35,994,661
Hanmi Financial Corp.		1,091,022		25,420,813
Home Bancshares, Inc.		1,022,450		35,192,729
Huntington Bancshares, Inc.		3,721,250		37,100,862
IBERIABANK Corp.		514,816		36,114,342
Independent Bank Corp.-Massachusetts		405,521		15,965,362
International Bancshares Corp.		1,102,942		27,661,785
Investors Bancorp, Inc.		1,224,959		33,857,867
KeyCorp		2,582,418		36,773,632
M&T Bank Corp.		303,307		36,791,139
MB Financial, Inc.		1,122,735		34,759,876
National Penn Bancshares, Inc.		3,398,137		35,510,532
NBT Bancorp, Inc.		586,469		14,345,032
OFG Bancorp		2,051,232		35,260,678
Old National Bancorp		2,434,194		36,293,833
PacWest Bancorp (a)		818,067		35,185,062
Pinnacle Financial Partners, Inc.		712,858		26,725,046
PNC Financial Services Group, Inc.		429,753		37,388,511
Popular, Inc. (b)		1,226,259		38,001,766
PrivateBancorp, Inc.		1,182,704		36,084,299
Prosperity Bancshares, Inc. (a)		554,580		36,685,467
Regions Financial Corp.		3,350,105		37,219,667
Signature Bank (b)		279,457		35,097,005
State Bank Financial Corp.		526,189		9,308,283
Sterling Financial Corp.		964,655		32,151,951
SunTrust Banks, Inc.		922,171		36,693,184
Susquehanna Bancshares, Inc.		3,264,132		37,178,463
SVB Financial Group (b)		281,484		36,249,509
Synovus Financial Corp.		10,443,415		35,403,177
TCF Financial Corp.		2,178,021		36,285,830
Texas Capital Bancshares, Inc. (a)(b)		556,684		36,151,059
The Bancorp, Inc. (b)		843,947		15,874,643
The National Bank Holdings Corp. (Class A)		940,993		18,885,729
Trustmark Corp.		1,424,458		36,110,010
UMB Financial Corp.		557,866		36,093,930
Umpqua Holdings Corp. (a)		1,906,443		35,536,098
United Bankshares, Inc.		1,156,571		35,414,204
United Community Banks, Inc. (b)		1,879,270		36,476,631
Valley National Bancorp (a)		3,554,115		36,998,337
ViewPoint Financial Group		923,116		26,631,897
Westamerica Bancorporation (a)		667,371		36,091,424
Western Alliance Bancorp (b)		1,518,040		37,343,784
Wilshire Bancorp, Inc.		2,120,020		23,532,222
Wintrust Financial Corp.		745,041		36,253,695
Zions Bancorporation		1,135,984		35,192,784

				2,544,208,221

THRIFTS & MORTGAGE FINANCE — 4.1%
BankUnited, Inc.		1,068,501		37,151,780
First Niagara Financial Group, Inc.		3,926,296		37,103,497
Webster Financial Corp.		1,139,508		35,393,119

				109,648,396

TOTAL COMMON STOCKS —
(Cost $2,500,587,099)				2,653,856,617

SHORT TERM INVESTMENTS — 6.1%
MONEY MARKET FUNDS — 6.1%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		160,358,916		160,358,916
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		1,526,303		1,526,303

TOTAL SHORT TERM INVESTMENTS —
(Cost $161,885,219)				161,885,219

TOTAL INVESTMENTS — 105.9% (f)
(Cost $2,662,472,318)				2,815,741,836
OTHER ASSETS & LIABILITIES — (5.9)%				(157,051,961	)

NET ASSETS — 100.0%			$	2,658,689,875


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

128

SPDR Morgan Stanley Technology ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
COMMUNICATIONS EQUIPMENT — 14.8%
Cisco Systems, Inc.		286,135	$	6,412,285
Juniper Networks, Inc. (a)		277,660		7,152,522
Motorola Solutions, Inc.		92,122		5,922,523
QUALCOMM, Inc.		83,005		6,545,774
Telefonaktiebolaget LM Ericsson (Class B) ADR (b)		511,114		6,813,150

				32,846,254

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.3%
Corning, Inc.		346,740		7,219,127

INTERNET & CATALOG RETAIL — 7.6%
Amazon.com, Inc. (a)		15,038		5,060,588
Netflix, Inc. (a)(b)		16,085		5,662,402
Priceline.com, Inc. (a)		5,076		6,050,034

				16,773,024

INTERNET SOFTWARE & SERVICES — 10.8%
eBay, Inc. (a)		110,777		6,119,322
Facebook, Inc. (Class A) (a)		109,649		6,605,256
Google, Inc. (Class A) (a)		5,504		6,134,263
LinkedIn Corp. (Class A) (a)		27,676		5,118,399

				23,977,240

IT SERVICES — 16.3%
Accenture PLC (Class A)		75,083		5,985,617
Automatic Data Processing, Inc.		75,572		5,838,693
Cognizant Technology Solutions Corp. (Class A) (a)		123,166		6,233,431
International Business Machines Corp.		33,541		6,456,307
Visa, Inc. (Class A)		27,983		6,040,410
Xerox Corp.		507,107		5,730,309

				36,284,767

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 11.9%
Analog Devices, Inc.		120,816		6,420,162
Applied Materials, Inc.		351,631		7,180,305
Intel Corp.		241,199		6,225,346
Texas Instruments, Inc.		140,674		6,632,779

				26,458,592

SOFTWARE — 17.9%
Adobe Systems, Inc. (a)		102,027		6,707,255
Microsoft Corp.		164,768		6,753,841
Oracle Corp.		166,210		6,799,651
Salesforce.com, Inc. (a)(b)		112,567		6,426,450
SAP AG ADR (b)		71,807		5,838,627
VMware, Inc. (Class A) (a)(b)		67,062		7,244,037

				39,769,861

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 17.3%
Apple, Inc.		11,010		5,909,508
EMC Corp.		246,257		6,749,904
Hewlett-Packard Co.		217,434		7,036,164
NetApp, Inc.		149,311		5,509,576
SanDisk Corp.		87,013		7,064,586
Seagate Technology PLC (b)		108,589		6,098,358

				38,368,096

TOTAL COMMON STOCKS —
(Cost $170,571,517)				221,696,961

SHORT TERM INVESTMENTS — 12.9%
MONEY MARKET FUNDS — 12.9%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		28,562,080		28,562,080
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		198,265		198,265

TOTAL SHORT TERM INVESTMENTS —
(Cost $28,760,345)				28,760,345

TOTAL INVESTMENTS — 112.8% (f)
(Cost $199,331,862)				250,457,306
OTHER ASSETS & LIABILITIES — (12.8)%				(28,489,393	)

NET ASSETS — 100.0%			$	221,967,913


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investment of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

ADR = American Depositary Receipt

PLC = Public Limited Company

129

SPDR S&P Dividend ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
AEROSPACE & DEFENSE — 2.4%
General Dynamics Corp.		1,538,763	$	167,602,066
United Technologies Corp.		1,138,258		132,994,065

				300,596,131

BANKS — 1.9%
Commerce Bancshares, Inc. (a)		2,044,081		94,886,240
Cullen/Frost Bankers, Inc. (a)		1,842,230		142,828,092

				237,714,332

BEVERAGES — 3.6%
Brown-Forman Corp. (Class B) (a)		1,274,112		114,275,105
PepsiCo, Inc.		2,045,952		170,836,992
The Coca-Cola Co.		4,217,218		163,037,648

				448,149,745

BUILDING PRODUCTS — 0.4%
A.O. Smith Corp.		1,054,867		48,544,979

CAPITAL MARKETS — 2.9%
Eaton Vance Corp. (a)		3,125,692		119,276,407
Franklin Resources, Inc. (a)		895,718		48,530,001
SEI Investments Co.		2,291,777		77,026,625
T. Rowe Price Group, Inc.		1,359,119		111,923,450

				356,756,483

CHEMICALS — 6.0%
Air Products & Chemicals, Inc.		1,446,638		172,207,787
Ecolab, Inc.		623,308		67,311,031
H.B. Fuller Co.		914,250		44,139,990
Praxair, Inc.		870,460		114,004,146
RPM International, Inc.		3,242,095		135,649,255
Sigma-Aldrich Corp.		609,727		56,936,307
The Sherwin-Williams Co.		351,906		69,371,230
Valspar Corp.		1,255,441		90,542,405

				750,162,151

COMMERCIAL SERVICES & SUPPLIES — 0.7%
Cintas Corp. (a)		1,362,609		81,225,123

CONTAINERS & PACKAGING — 2.5%
AptarGroup, Inc. (a)		1,155,628		76,387,011
Bemis Co., Inc.		3,725,761		146,198,862
Sonoco Products Co.		2,038,166		83,605,569

				306,191,442

DISTRIBUTORS — 1.4%
Genuine Parts Co. (a)		1,933,197		167,898,159

DIVERSIFIED TELECOMMUNICATION SERVICES — 2.7%
AT&T, Inc. (a)		9,716,264		340,749,379

ELECTRICAL EQUIPMENT — 1.5%
Emerson Electric Co.		2,231,710		149,078,228
Roper Industries, Inc.		257,722		34,408,464

				183,486,692

FOOD & STAPLES RETAILING — 4.0%
Sysco Corp. (a)		5,516,396		199,307,387
Wal-Mart Stores, Inc.		1,910,981		146,056,278
Walgreen Co.		2,268,433		149,784,631

				495,148,296

FOOD PRODUCTS — 3.2%
Archer-Daniels-Midland Co.		3,289,027		142,710,881
Hormel Foods Corp. (a)		2,428,017		119,628,398
McCormick & Co., Inc. (a)		1,930,085		138,464,298

				400,803,577

GAS UTILITIES — 5.5%
Atmos Energy Corp.		2,227,393		104,977,032
National Fuel Gas Co. (a)		1,817,007		127,263,170
Piedmont Natural Gas Co., Inc. (a)		1,662,274		58,827,877
Questar Corp.		7,198,465		171,179,498
UGI Corp.		3,115,706		142,107,351
WGL Holdings, Inc. (a)		1,940,469		77,735,188

				682,090,116

HEALTH CARE EQUIPMENT & SUPPLIES — 3.9%
Abbott Laboratories		3,621,692		139,471,359
Becton, Dickinson and Co.		1,094,339		128,125,210
C.R. Bard, Inc. (a)		290,461		42,982,419
Medtronic, Inc.		2,031,987		125,048,480
West Pharmaceutical Services, Inc.		1,021,704		45,006,061

				480,633,529

HEALTH CARE PROVIDERS & SERVICES — 0.9%
Cardinal Health, Inc.		1,632,479		114,240,880

HOTELS, RESTAURANTS & LEISURE — 1.7%
McDonald’s Corp.		2,175,672		213,281,126

HOUSEHOLD DURABLES — 1.6%
Leggett & Platt, Inc. (a)		6,101,482		199,152,373

HOUSEHOLD PRODUCTS — 5.7%
Colgate-Palmolive Co.		2,000,392		129,765,429
Kimberly-Clark Corp.		1,846,320		203,556,780
The Clorox Co. (a)		2,140,565		188,391,126
The Procter & Gamble Co.		2,297,385		185,169,231

				706,882,566

INDUSTRIAL CONGLOMERATES — 1.8%
3M Co.		1,117,741		151,632,744
Carlisle Cos., Inc.		881,689		69,953,205

				221,585,949

INSURANCE — 6.3%
ACE, Ltd.		1,539,840		152,536,550
Aflac, Inc.		2,122,130		133,779,075
Brown & Brown, Inc.		2,513,164		77,304,925
Cincinnati Financial Corp. (a)		3,385,822		164,754,099
Old Republic International Corp.		8,685,378		142,440,199
The Chubb Corp.		1,239,825		110,716,372

				781,531,220

IT SERVICES — 1.1%
Automatic Data Processing, Inc.		1,845,740		142,601,872

MACHINERY — 6.0%
Caterpillar, Inc. (a)		1,822,662		181,117,923
CLARCOR, Inc.		855,896		49,085,635
Dover Corp. (a)		1,237,025		101,126,794
Illinois Tool Works, Inc.		1,512,367		123,000,808
Nordson Corp.		834,639		58,833,703
Pentair, Ltd.		1,040,817		82,578,421
Stanley Black & Decker, Inc.		1,900,220		154,373,873

				750,117,157

MATERIALS — 0.7%
PPG Industries, Inc.		421,897		81,620,194

130

SPDR S&P Dividend ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

MEDIA — 1.1%
John Wiley & Sons, Inc. (Class A) (a)		943,086	$	54,359,477
McGraw Hill Financial, Inc.		1,146,967		87,513,582

				141,873,059

METALS & MINING — 1.3%
Nucor Corp.		3,268,434		165,186,654

MULTI-UTILITIES — 4.2%
Black Hills Corp. (b)		1,143,828		65,941,684
Consolidated Edison, Inc. (a)		5,112,712		274,296,999
MDU Resources Group, Inc.		3,298,246		113,162,820
Vectren Corp.		1,904,278		75,009,511

				528,411,014

MULTILINE RETAIL — 2.0%
Family Dollar Stores, Inc.		1,482,411		85,994,662
Target Corp.		2,709,848		163,972,903

				249,967,565

OIL, GAS & CONSUMABLE FUELS — 3.3%
Chevron Corp.		1,651,877		196,424,694
Energen Corp.		746,571		60,330,403
Exxon Mobil Corp.		1,546,262		151,038,872

				407,793,969

PHARMACEUTICALS — 3.0%
AbbVie, Inc.		3,715,448		190,974,027
Johnson & Johnson		1,899,138		186,552,326

				377,526,353

REAL ESTATE INVESTMENT TRUSTS — 7.8%
Federal Realty Investment Trust (a)		1,832,801		210,258,931
HCP, Inc.		9,285,078		360,168,175
National Retail Properties, Inc. (a)(b)		8,395,581		288,136,340
Tanger Factory Outlet Centers, Inc. (a)		3,166,360		110,822,600

				969,386,046

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.2%
Linear Technology Corp. (a)		3,137,083		152,744,571

SPECIALTY RETAIL — 0.7%
Lowe’s Cos., Inc.		1,827,886		89,383,625

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.6%
Diebold, Inc. (a)(b)		4,913,919		196,016,229

TEXTILES, APPAREL & LUXURY GOODS — 0.8%
V.F. Corp.		1,684,857		104,258,951

THRIFTS & MORTGAGE FINANCE — 2.0%
People’s United Financial, Inc. (a)		16,330,997		242,841,925

TRADING COMPANIES & DISTRIBUTORS — 0.7%
W.W. Grainger, Inc.		344,728		87,098,977

WATER UTILITIES — 0.9%
Aqua America, Inc. (a)		4,269,764		107,042,984

WIRELESS TELECOMMUNICATION SERVICES — 0.9%
Telephone & Data Systems, Inc.		4,074,911		106,803,417

TOTAL COMMON STOCKS —
(Cost $9,656,491,539)				12,417,498,810

SHORT TERM INVESTMENTS — 7.8%
MONEY MARKET FUNDS — 7.8%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		967,788,673		967,788,673
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		5,480,524		5,480,524

TOTAL SHORT TERM INVESTMENTS —
(Cost $973,269,197)				973,269,197

TOTAL INVESTMENTS — 107.7% (f)
(Cost $10,629,760,736)				13,390,768,007
OTHER ASSETS & LIABILITIES — (7.7)%				(951,629,654	)

NET ASSETS — 100.0%			$	12,439,138,353


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

131

SPDR S&P Aerospace & Defense ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.7%
AEROSPACE & DEFENSE — 99.7%
AAR Corp. (a)		31,480	$	816,906
Aerovironment, Inc. (a)(b)		21,518		866,100
Alliant Techsystems, Inc. (a)		13,462		1,913,623
American Science & Engineering, Inc. (a)		4,130		277,412
Astronics Corp. (b)		12,355		783,431
BE Aerospace, Inc. (b)		20,979		1,820,767
Cubic Corp. (a)		10,690		545,938
Curtiss-Wright Corp. (a)		29,454		1,871,507
DigitalGlobe, Inc. (a)(b)		57,276		1,661,577
Engility Holdings, Inc. (a)(b)		15,568		701,338
Esterline Technologies Corp. (b)		17,207		1,833,234
Exelis, Inc.		91,840		1,745,878
GenCorp, Inc. (a)(b)		44,897		820,268
General Dynamics Corp.		16,699		1,818,855
HEICO Corp. (a)		20,117		1,210,239
Hexcel Corp. (b)		41,437		1,804,167
Honeywell International, Inc.		19,534		1,811,974
Huntington Ingalls Industries, Inc.		17,560		1,795,686
L-3 Communications Holdings, Inc. (a)		15,588		1,841,722
Lockheed Martin Corp. (a)		11,066		1,806,414
National Presto Industries, Inc. (a)		1,967		153,505
Northrop Grumman Corp.		14,800		1,826,024
Orbital Sciences Corp. (a)(b)		31,944		891,238
Precision Castparts Corp. (a)		7,130		1,802,179
Raytheon Co. (a)		17,957		1,773,972
Rockwell Collins, Inc. (a)		22,551		1,796,638
Spirit Aerosystems Holdings, Inc. (Class A) (b)		65,026		1,833,083
Taser International, Inc. (a)(b)		98,053		1,793,389
Teledyne Technologies, Inc. (a)(b)		14,655		1,426,371
Textron, Inc. (a)		47,611		1,870,636
The Boeing Co.		14,599		1,832,029
The Keyw Holding Corp. (a)(b)		30,137		563,863
TransDigm Group, Inc. (a)		10,011		1,854,037
Triumph Group, Inc.		28,220		1,822,448
United Technologies Corp. (a)		15,962		1,865,000

TOTAL COMMON STOCKS —
(Cost $40,021,956)				50,851,448

SHORT TERM INVESTMENTS — 24.0%
MONEY MARKET FUNDS — 24.0%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		12,112,460		12,112,460
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		145,812		145,812

TOTAL SHORT TERM INVESTMENTS —
(Cost $12,258,272)				12,258,272

TOTAL INVESTMENTS — 123.7% (f)
(Cost $52,280,228)				63,109,720
OTHER ASSETS & LIABILITIES — (23.7)%				(12,099,272	)

NET ASSETS — 100.0%			$	51,010,448


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

132

SPDR S&P Biotech ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
BIOTECHNOLOGY — 99.9%
ACADIA Pharmaceuticals, Inc. (a)		651,695	$	15,855,739
Achillion Pharmaceuticals, Inc. (a)(b)		5,316,426		17,491,042
Acorda Therapeutics, Inc. (a)		469,776		17,809,208
Aegerion Pharmaceuticals, Inc. (a)(b)		333,546		15,383,142
Alexion Pharmaceuticals, Inc. (a)		99,969		15,208,284
Alkermes PLC (a)		385,212		16,983,997
Alnylam Pharmaceuticals, Inc. (a)		246,064		16,520,737
AMAG Pharmaceuticals, Inc. (a)		860,383		16,648,411
Amgen, Inc.		142,932		17,629,233
Anacor Pharmaceuticals, Inc. (a)		827,911		16,566,499
Arena Pharmaceuticals, Inc. (a)(b)		2,699,145		17,004,613
ARIAD Pharmaceuticals, Inc. (a)(b)		2,144,159		17,281,922
Array BioPharma, Inc. (a)(b)		3,428,063		16,111,896
Arrowhead Research Corp. (a)		760,970		12,495,127
BioCryst Pharmaceuticals, Inc. (a)		1,576,735		16,681,856
Biogen Idec, Inc. (a)		52,679		16,112,926
BioMarin Pharmaceutical, Inc. (a)		226,502		15,449,701
Celgene Corp. (a)		117,247		16,367,681
Cell Therapeutics, Inc. (a)(b)		4,503,251		15,311,053
Celldex Therapeutics, Inc. (a)(b)		757,074		13,377,498
Cepheid, Inc. (a)(b)		325,098		16,768,555
Chelsea Therapeutics International, Ltd. (a)(b)		2,989,372		16,501,333
Clovis Oncology, Inc. (a)		215,216		14,908,012
Cubist Pharmaceuticals, Inc. (a)		231,342		16,922,667
Dendreon Corp. (a)(b)		5,858,727		17,517,594
Dyax Corp. (a)		1,897,940		17,043,501
Dynavax Technologies Corp. (a)(b)		9,625,018		17,325,032
Emergent Biosolutions, Inc. (a)		647,807		16,370,083
Exact Sciences Corp. (a)(b)		1,337,260		18,948,974
Exelixis, Inc. (a)(b)		2,793,851		9,890,233
Galena Biopharma, Inc. (a)(b)		5,578,860		13,947,150
Genomic Health, Inc. (a)(b)		602,148		15,860,578
Geron Corp. (a)(b)		9,572,463		19,910,723
Gilead Sciences, Inc. (a)		233,423		16,540,354
Halozyme Therapeutics, Inc. (a)(b)		1,302,404		16,540,531
Idenix Pharmaceuticals, Inc. (a)(b)		2,524,171		15,220,751
ImmunoGen, Inc. (a)(b)		1,108,707		16,552,996
Incyte Corp. (a)		285,186		15,263,155
Infinity Pharmaceuticals, Inc. (a)(b)		1,276,766		15,180,748
Inovio Pharmaceuticals, Inc. (a)(b)		5,005,049		16,666,813
Insmed, Inc. (a)(b)		913,368		17,390,527
Intercept Pharmaceuticals, Inc. (a)		37,866		12,487,828
InterMune, Inc. (a)(b)		545,856		18,269,800
Ironwood Pharmaceuticals, Inc. (a)		1,372,819		16,913,130
Isis Pharmaceuticals, Inc. (a)(b)		383,875		16,587,239
Keryx Biopharmaceuticals, Inc. (a)(b)		1,159,295		19,754,387
KYTHERA Biopharmaceuticals, Inc. (a)(b)		377,295		15,001,249
Lexicon Pharmaceuticals, Inc. (a)(b)		3,956,531		6,844,799
Ligand Pharmaceuticals, Inc. (Class B) (a)(b)		232,389		15,630,484
MannKind Corp. (a)(b)		3,111,495		12,508,210
Medivation, Inc. (a)(b)		258,563		16,643,700
Merrimack Pharmaceuticals, Inc. (a)(b)		3,108,715		15,667,924
MiMedx Group, Inc. (a)(b)		2,314,030		14,185,004
Momenta Pharmaceuticals, Inc. (a)		1,141,965		13,303,892
Myriad Genetics, Inc. (a)(b)		500,370		17,107,650
Neurocrine Biosciences, Inc. (a)		1,031,072		16,600,259
NewLink Genetics Corp. (a)		568,339		16,140,828
Novavax, Inc. (a)(b)		3,262,081		14,777,227
NPS Pharmaceuticals, Inc. (a)		531,116		15,896,302
OPKO Health, Inc. (a)(b)		1,813,400		16,900,888
Orexigen Therapeutics, Inc. (a)(b)		2,513,320		16,336,580
Organovo Holdings, Inc. (a)(b)		2,002,026		15,295,479
Pharmacyclics, Inc. (a)		142,293		14,260,604
PTC Therapeutics, Inc. (a)		523,292		13,678,853
Puma Biotechnology, Inc. (a)		152,556		15,887,182
Raptor Pharmaceutical Corp. (a)(b)		1,557,124		15,571,240
Receptos, Inc. (a)		345,283		14,481,169
Regeneron Pharmaceuticals, Inc. (a)		53,131		15,954,177
Repligen Corp. (a)(b)		1,169,431		15,038,883
Sangamo Biosciences, Inc. (a)(b)		760,316		13,746,513
Sarepta Therapeutics, Inc. (a)(b)		645,892		15,520,785
Seattle Genetics, Inc. (a)		348,300		15,868,548
Spectrum Pharmaceuticals, Inc. (a)(b)		2,192,448		17,188,792
Synageva BioPharma Corp. (a)(b)		186,242		15,452,499
Synergy Pharmaceuticals, Inc. (a)(b)		1,995,798		10,597,687
TESARO, Inc. (a)(b)		476,518		14,047,751
Theravance, Inc. (a)(b)		516,015		15,965,504
United Therapeutics Corp. (a)		184,486		17,347,219
Vanda Pharmaceuticals, Inc. (a)		992,482		16,127,832
Vertex Pharmaceuticals, Inc. (a)		223,622		15,814,548
XOMA Corp. (a)(b)		2,909,915		15,160,657
ZIOPHARM Oncology, Inc. (a)(b)		2,882,978		13,204,039

TOTAL COMMON STOCKS —
(Cost $1,323,569,366)				1,287,328,216

SHORT TERM INVESTMENTS — 22.7%
MONEY MARKET FUNDS — 22.7%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		292,321,073		292,321,073
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		610,004		610,004

TOTAL SHORT TERM INVESTMENTS —
(Cost $292,931,077)				292,931,077

TOTAL INVESTMENTS — 122.6% (f)
(Cost $1,616,500,443)				1,580,259,293
OTHER ASSETS & LIABILITIES — (22.6)%				(291,370,989	)

NET ASSETS — 100.0%			$	1,288,888,304

133

SPDR S&P Health Care Equipment ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 100.0%
HEALTH CARE EQUIPMENT — 77.7%
Abaxis, Inc. (a)(b)		12,674	$	492,765
Abbott Laboratories		13,207		508,602
ABIOMED, Inc. (a)(b)		19,787		515,253
Accuray, Inc. (a)(b)		53,058		509,357
Analogic Corp. (b)		5,346		438,960
ArthroCare Corp. (a)		10,695		515,392
Baxter International, Inc.		7,740		569,509
Becton, Dickinson and Co. (b)		4,462		522,411
Boston Scientific Corp. (a)		39,559		534,838
C.R. Bard, Inc. (b)		3,551		525,477
Cantel Medical Corp. (b)		8,764		295,522
Cardiovascular Systems, Inc. (a)		15,254		484,925
CareFusion Corp. (a)		12,790		514,414
CONMED Corp.		11,249		488,769
Covidien PLC		7,325		539,559
Cyberonics, Inc. (a)(b)		7,825		510,581
Cynosure, Inc. (Class A) (a)(b)		16,037		469,884
DexCom, Inc. (a)		11,514		476,219
Edwards Lifesciences Corp. (a)(b)		7,134		529,129
GenMark Diagnostics, Inc. (a)(b)		13,364		132,838
Globus Medical, Inc. (Class A) (a)(b)		20,104		534,565
Greatbatch, Inc. (a)		6,896		316,664
HeartWare International, Inc. (a)(b)		5,666		531,357
Hill-Rom Holdings, Inc. (b)		13,816		532,469
Hologic, Inc. (a)(b)		23,949		514,903
IDEXX Laboratories, Inc. (a)(b)		4,024		488,514
Insulet Corp. (a)(b)		10,644		504,738
Integra LifeSciences Holdings Corp. (a)(b)		10,918		502,119
Intuitive Surgical, Inc. (a)		1,216		532,596
Invacare Corp.		11,954		227,963
Masimo Corp. (a)(b)		18,192		496,824
Medtronic, Inc.		8,744		538,106
Natus Medical, Inc. (a)(b)		19,734		509,137
NuVasive, Inc. (a)		13,633		523,644
NxStage Medical, Inc. (a)		30,450		387,933
Orthofix International NV (a)(b)		7,603		229,230
Quidel Corp. (a)(b)		13,021		355,473
ResMed, Inc. (b)		11,883		531,051
Rockwell Medical, Inc. (a)(b)		41,042		519,592
Sirona Dental Systems, Inc. (a)(b)		7,040		525,677
St. Jude Medical, Inc.		7,875		514,946
STERIS Corp.		11,188		534,227
Stryker Corp.		6,412		522,386
Teleflex, Inc. (b)		5,000		536,200
Thoratec Corp. (a)(b)		15,053		539,048
Tornier NV (a)		16,881		358,215
Varian Medical Systems, Inc. (a)(b)		6,109		513,095
Volcano Corp. (a)(b)		23,882		470,714
Wright Medical Group, Inc. (a)		15,409		478,758
Zeltiq Aesthetics, Inc. (a)(b)		28,529		559,454
Zimmer Holdings, Inc.		5,466		516,974

				24,420,976

HEALTH CARE SUPPLIES — 22.3%
Alere, Inc. (a)(b)		14,249		489,453
Align Technology, Inc. (a)(b)		9,758		505,367
Anika Therapeutics, Inc. (a)(b)		12,138		498,872
Antares Pharma, Inc. (a)(b)		95,115		332,903
Cerus Corp. (a)(b)		52,939		254,107
DENTSPLY International, Inc. (b)		11,473		528,217
Endologix, Inc. (a)(b)		39,347		506,396
Haemonetics Corp. (a)(b)		13,872		452,088
ICU Medical, Inc. (a)(b)		8,713		521,734
Meridian Bioscience, Inc. (b)		17,135		373,372
Merit Medical Systems, Inc. (a)(b)		10,783		154,197
Neogen Corp. (a)(b)		10,710		481,415
Spectranetics Corp. (a)		16,527		500,933
The Cooper Cos., Inc. (b)		3,889		534,193
Unilife Corp. (a)(b)		85,488		347,936
West Pharmaceutical Services, Inc.		11,501		506,619

				6,987,802

TOTAL COMMON STOCKS —
(Cost $25,163,729)				31,408,778

SHORT TERM INVESTMENTS — 23.7%
MONEY MARKET FUNDS — 23.7%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		7,443,121		7,443,121
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		2,218		2,218

TOTAL SHORT TERM INVESTMENTS —
(Cost $7,445,339)				7,445,339

TOTAL INVESTMENTS — 123.7% (f)
(Cost $32,609,068)				38,854,117
OTHER ASSETS & LIABILITIES — (23.7)%				(7,432,623	)

NET ASSETS — 100.0%			$	31,421,494


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

135

SPDR S&P Health Care Services ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.7%
HEALTH CARE DISTRIBUTORS — 15.4%
AmerisourceBergen Corp.		21,264	$	1,394,706
Cardinal Health, Inc.		19,875		1,390,853
Henry Schein, Inc. (a)(b)		12,135		1,448,555
McKesson Corp.		7,946		1,403,025
MWI Veterinary Supply, Inc. (a)(b)		8,895		1,384,240
Owens & Minor, Inc. (b)		40,911		1,433,112
Patterson Cos., Inc. (b)		34,916		1,458,092
PharMerica Corp. (a)(b)		37,368		1,045,557

				10,958,140

HEALTH CARE FACILITIES — 30.6%
Acadia Healthcare Co., Inc. (a)(b)		31,126		1,404,405
AmSurg Corp. (a)(b)		22,050		1,038,114
Brookdale Senior Living, Inc. (a)		44,087		1,477,355
Capital Senior Living Corp. (a)(b)		32,208		837,086
Community Health Systems, Inc. (a)(b)		40,427		1,583,526
Emeritus Corp. (a)(b)		46,892		1,474,285
Hanger, Inc. (a)(b)		32,730		1,102,346
HCA Holdings, Inc. (a)		30,153		1,583,033
HealthSouth Corp. (b)		45,196		1,623,892
Kindred Healthcare, Inc.		64,343		1,506,913
LifePoint Hospitals, Inc. (a)(b)		28,029		1,528,982
Select Medical Holdings Corp.		121,968		1,518,502
Tenet Healthcare Corp. (a)(b)		36,100		1,545,441
The Ensign Group, Inc. (b)		14,194		619,426
Universal Health Services, Inc. (Class B) (b)		19,262		1,580,832
VCA Antech, Inc. (a)		42,496		1,369,646

				21,793,784

HEALTH CARE SERVICES — 32.8%
Air Methods Corp. (a)(b)		27,084		1,447,098
Amedisys, Inc. (a)(b)		46,468		691,909
AMN Healthcare Services, Inc. (a)(b)		44,635		613,285
Bio-Reference Laboratories, Inc. (a)(b)		50,745		1,404,622
BioScrip, Inc. (a)(b)		197,360		1,377,573
Chemed Corp. (b)		16,765		1,499,629
DaVita HealthCare Partners, Inc. (a)		21,067		1,450,463
Envision Healthcare Holdings, Inc. (a)		43,764		1,480,536
ExamWorks Group, Inc. (a)		29,283		1,025,198
Express Scripts Holding Co. (a)		18,573		1,394,647
Healthways, Inc. (a)(b)		64,715		1,109,215
IPC The Hospitalist Co. (a)(b)		17,315		849,820
Laboratory Corp. of America Holdings (a)(b)		15,024		1,475,507
Landauer, Inc. (b)		4,965		225,063
MEDNAX, Inc. (a)(b)		23,245		1,440,725
Omnicare, Inc. (b)		25,198		1,503,565
Premier, Inc. (Class A) (a)		41,251		1,359,220
Quest Diagnostics, Inc. (b)		26,811		1,552,893
Team Health Holdings, Inc. (a)		32,662		1,461,624

				23,362,592

MANAGED HEALTH CARE — 20.9%
Aetna, Inc.		20,092		1,506,297
Centene Corp. (a)		22,784		1,418,304
CIGNA Corp.		18,769		1,571,528
Health Net, Inc. (a)		42,979		1,461,716
Humana, Inc. (b)		13,123		1,479,225
Magellan Health Services, Inc. (a)		24,451		1,451,167
Molina Healthcare, Inc. (a)(b)		40,179		1,509,123
UnitedHealth Group, Inc.		18,980		1,556,170
WellCare Health Plans, Inc. (a)(b)		22,727		1,443,619
WellPoint, Inc.		15,391		1,532,174

				14,929,323

TOTAL COMMON STOCKS —
(Cost $58,009,994)				71,043,839

SHORT TERM INVESTMENTS — 23.7%
MONEY MARKET FUNDS — 23.7%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		16,717,742		16,717,742
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		217,230		217,230

TOTAL SHORT TERM INVESTMENTS —
(Cost $16,934,972)				16,934,972

TOTAL INVESTMENTS — 123.4% (f)
(Cost $74,944,966)				87,978,811
OTHER ASSETS & LIABILITIES — (23.4)%				(16,707,896	)

NET ASSETS — 100.0%			$	71,270,915


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

136

SPDR S&P Homebuilders ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
BUILDING PRODUCTS — 28.2%
A.O. Smith Corp.		1,328,601	$	61,142,218
Allegion PLC		1,142,728		59,616,120
Armstrong World Industries, Inc. (a)		1,104,175		58,797,319
Fortune Brands Home & Security, Inc.		1,407,196		59,214,808
Lennox International, Inc.		665,003		60,455,423
Masco Corp.		2,675,981		59,433,538
Owens Corning		1,418,687		61,244,718
Simpson Manufacturing Co., Inc. (b)		726,619		25,671,449
Trex Co., Inc. (a)		843,022		61,675,489
USG Corp. (a)		1,852,939		60,628,164

				567,879,246

HOME FURNISHINGS — 8.8%
La-Z-Boy, Inc.		1,940,525		52,588,227
Leggett & Platt, Inc. (b)		1,935,336		63,169,367
Tempur Sealy International, Inc. (a)(b)		1,209,134		61,266,820

				177,024,414

HOME FURNISHING RETAIL — 15.3%
Aaron’s, Inc. (b)		1,896,711		57,356,541
Bed Bath & Beyond, Inc. (a)		891,761		61,353,157
Pier 1 Imports, Inc. (b)		3,147,607		59,426,820
Restoration Hardware Holdings, Inc. (a)		928,056		68,295,641
Williams-Sonoma, Inc.		944,152		62,918,289

				309,350,448

HOME IMPROVEMENT RETAIL — 8.8%
Lowe’s Cos., Inc.		1,240,681		60,669,301
Lumber Liquidators Holdings, Inc. (a)(b)		600,491		56,326,056
The Home Depot, Inc.		767,262		60,713,442

				177,708,799

HOMEBUILDING — 26.9%
D.R. Horton, Inc. (b)		2,763,381		59,827,199
Lennar Corp. (Class A) (b)		1,521,845		60,295,499
M.D.C. Holdings, Inc. (b)		2,153,669		60,905,759
M/I Homes, Inc. (a)		1,172,094		26,278,347
NVR, Inc. (a)		51,278		58,815,866
Pulte Group, Inc.		3,180,453		61,032,893
Standard Pacific Corp. (a)(b)		7,131,764		59,264,959
Taylor Morrison Home Corp. (Class A) (a)(c)		1,466,167		34,454,925
The Ryland Group, Inc. (b)		1,507,536		60,195,912
Toll Brothers, Inc. (a)		1,681,975		60,382,903

				541,454,262

HOUSEHOLD APPLIANCES — 9.0%
Helen of Troy, Ltd. (a)		802,173		55,534,437
iRobot Corp. (a)		1,513,134		62,114,151
Whirlpool Corp.		428,659		64,067,374

				181,715,962

HOUSEHOLD DURABLES — 2.9%
Mohawk Industries, Inc. (a)		436,928		59,413,469

TOTAL COMMON STOCKS —
(Cost $1,968,095,276)				2,014,546,600

SHORT TERM INVESTMENTS — 12.6%
MONEY MARKET FUNDS — 12.6%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		251,790,957		251,790,957
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		1,525,757		1,525,757

TOTAL SHORT TERM INVESTMENTS —
(Cost $253,316,714)				253,316,714

TOTAL INVESTMENTS — 112.5% (g)
(Cost $2,221,411,990)				2,267,863,314
OTHER ASSETS & LIABILITIES — (12.5)%				(251,099,328	)

NET ASSETS — 100.0%			$	2,016,763,986


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

137

SPDR S&P Metals & Mining ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
ALUMINUM — 7.9%
Alcoa, Inc.		1,676,382	$	21,575,036
Century Aluminum Co. (a)		776,157		10,253,034
Kaiser Aluminum Corp.		278,357		19,880,257

				51,708,327

COAL & CONSUMABLE FUELS — 17.6%
Alpha Natural Resources, Inc. (a)(b)		4,510,941		19,171,499
Arch Coal, Inc. (b)		4,771,143		22,996,909
Cloud Peak Energy, Inc. (a)		1,025,744		21,684,228
CONSOL Energy, Inc.		514,319		20,547,044
Peabody Energy Corp.		1,282,143		20,950,217
Solazyme, Inc. (a)(b)		844,637		9,806,236

				115,156,133

DIVERSIFIED METALS & MINING — 23.2%
AMCOL International Corp.		282,709		12,942,418
Compass Minerals International, Inc.		238,338		19,667,652
Freeport-McMoRan Copper & Gold, Inc.		639,070		21,134,045
Globe Specialty Metals, Inc.		384,623		8,007,851
Horsehead Holding Corp. (a)(b)		474,078		7,973,992
Materion Corp.		111,243		3,774,475
Molycorp, Inc. (a)(b)		3,945,861		18,506,088
RTI International Metals, Inc. (a)		302,120		8,392,894
SunCoke Energy, Inc. (a)		603,215		13,777,431
US Silica Holdings, Inc. (b)		562,844		21,483,755
Walter Energy, Inc. (b)		2,215,135		16,746,420

				152,407,021

GOLD — 7.4%
Allied Nevada Gold Corp. (a)(b)		3,106,047		13,387,063
Newmont Mining Corp.		758,111		17,770,122
Royal Gold, Inc. (b)		278,791		17,457,892

				48,615,077

PRECIOUS METALS & MINERALS — 8.9%
Coeur Mines, Inc. (a)		1,839,508		17,089,029
Hecla Mining Co. (b)		5,559,669		17,068,184
McEwen Mining, Inc. (a)(b)		2,213,819		5,246,751
Stillwater Mining Co. (a)(b)		1,265,023		18,734,991

				58,138,955

STEEL — 34.8%
AK Steel Holding Corp. (a)(b)		3,227,283		23,300,983
Allegheny Technologies, Inc.		579,344		21,829,682
Carpenter Technology Corp.		333,204		22,004,792
Cliffs Natural Resources, Inc. (b)		1,079,813		22,092,974
Commercial Metals Co.		1,058,553		19,985,481
Haynes International, Inc.		57,370		3,097,980
Nucor Corp.		409,230		20,682,484
Reliance Steel & Aluminum Co.		286,311		20,230,735
Schnitzer Steel Industries, Inc. (Class A) (b)		407,702		11,762,203
Steel Dynamics, Inc.		1,201,494		21,374,578
United States Steel Corp. (b)		825,314		22,786,920
Worthington Industries, Inc.		493,242		18,866,506

				228,015,318

TOTAL COMMON STOCKS —
(Cost $850,038,926)				654,040,831

SHORT TERM INVESTMENTS — 23.4%
MONEY MARKET FUNDS — 23.4%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		152,625,977		152,625,977
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		497,056		497,056

TOTAL SHORT TERM INVESTMENTS —
(Cost $153,123,033)				153,123,033

TOTAL INVESTMENTS — 123.2% (f)
(Cost $1,003,161,959)				807,163,864
OTHER ASSETS & LIABILITIES — (23.2)%				(152,161,273	)

NET ASSETS — 100.0%			$	655,002,591


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

138

SPDR S&P Oil & Gas Equipment & Services ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
OIL & GAS DRILLING — 27.4%
Atwood Oceanics, Inc. (a)		136,099	$	6,858,029
Diamond Offshore Drilling, Inc. (b)		141,457		6,897,443
Ensco PLC (Class A)		129,315		6,825,246
Helmerich & Payne, Inc.		63,833		6,865,877
Hercules Offshore, Inc. (a)(b)		1,395,626		6,405,923
Nabors Industries, Ltd.		284,200		7,005,530
Noble Corp. PLC		215,007		7,039,329
Parker Drilling Co. (a)		405,553		2,875,371
Patterson-UTI Energy, Inc.		217,173		6,880,041
Pioneer Energy Services Corp. (a)		206,302		2,671,611
Rowan Cos. PLC (a)		197,175		6,640,854
Transocean, Ltd. (b)		160,978		6,654,831
Unit Corp. (a)		102,751		6,717,860

				80,337,945

OIL & GAS EQUIPMENT & SERVICES — 72.5%
Baker Hughes, Inc.		101,172		6,578,203
Basic Energy Services, Inc. (a)(b)		265,157		7,267,953
Bristow Group, Inc.		84,974		6,417,236
C&J Energy Services, Inc. (a)(b)		239,831		6,993,472
Cameron International Corp. (a)		100,976		6,237,288
CARBO Ceramics, Inc. (b)		52,736		7,277,041
Core Laboratories NV		32,566		6,462,397
Dresser-Rand Group, Inc. (a)		113,970		6,656,988
Dril-Quip, Inc. (a)		62,325		6,986,632
Era Group, Inc. (a)		56,764		1,663,753
Exterran Holdings, Inc.		163,675		7,182,059
FMC Technologies, Inc. (a)		121,761		6,366,883
Forum Energy Technologies, Inc. (a)		207,272		6,421,287
Frank’s International NV (b)		268,574		6,655,264
Geospace Technologies Corp. (a)(b)		88,012		5,823,754
Gulfmark Offshore, Inc. (Class A)		125,580		5,643,565
Halliburton Co.		113,289		6,671,589
Helix Energy Solutions Group, Inc. (a)		273,868		6,293,487
Hornbeck Offshore Services, Inc. (a)(b)		161,352		6,746,127
ION Geophysical Corp. (a)(b)		894,898		3,767,521
Key Energy Services, Inc. (a)		775,732		7,167,764
Matrix Service Co. (a)		91,572		3,093,302
McDermott International, Inc. (a)(b)		812,000		6,349,840
National Oilwell Varco, Inc.		83,812		6,526,440
Newpark Resources, Inc. (a)		409,114		4,684,355
Oceaneering International, Inc.		88,050		6,327,273
Oil States International, Inc. (a)		65,905		6,498,233
RPC, Inc. (b)		331,165		6,762,389
Schlumberger, Ltd.		70,181		6,842,647
SEACOR Holdings, Inc. (a)(b)		76,398		6,602,315
Superior Energy Services, Inc.		220,466		6,781,534
Tesco Corp. (a)(b)		187,762		3,473,597
Tetra Technologies, Inc. (a)		330,136		4,225,741
Tidewater, Inc.		136,011		6,612,855
Weatherford International, Ltd. (a)		388,589		6,745,905

				212,806,689

TOTAL COMMON STOCKS —
(Cost $269,263,461)				293,144,634

SHORT TERM INVESTMENTS — 16.7%
MONEY MARKET FUNDS — 16.7%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		48,552,659		48,552,659
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		490,616		490,616

TOTAL SHORT TERM INVESTMENTS —
(Cost $49,043,275)				49,043,275

TOTAL INVESTMENTS — 116.6% (f)
(Cost $318,306,736)				342,187,909
OTHER ASSETS & LIABILITIES — (16.6)%				(48,602,469	)

NET ASSETS — 100.0%			$	293,585,440


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

139

SPDR S&P Oil & Gas Exploration & Production ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
INTEGRATED OIL & GAS — 7.6%
Chevron Corp.		121,598	$	14,459,218
ConocoPhillips		208,568		14,672,759
Exxon Mobil Corp.		148,552		14,510,559
Hess Corp.		172,830		14,324,150
Marathon Oil Corp.		419,648		14,905,897
Occidental Petroleum Corp.		143,985		13,720,331

				86,592,914

OIL & GAS EXPLORATION & PRODUCTION — 77.3%
Anadarko Petroleum Corp.		169,324		14,351,902
Antero Resources Corp. (a)		230,712		14,442,571
Apache Corp.		175,162		14,529,688
Approach Resources, Inc. (a)(b)		669,597		14,001,273
Athlon Energy, Inc. (a)		387,935		13,752,296
Bill Barrett Corp. (a)(b)		571,245		14,623,872
Bonanza Creek Energy, Inc. (a)		293,077		13,012,619
Cabot Oil & Gas Corp.		408,783		13,849,568
Carrizo Oil & Gas, Inc. (a)		278,565		14,892,085
Chesapeake Energy Corp.		554,752		14,212,746
Cimarex Energy Co.		124,149		14,787,387
Clayton Williams Energy, Inc. (a)		86,670		9,794,577
Cobalt International Energy, Inc. (a)		776,947		14,233,669
Comstock Resources, Inc. (b)		730,819		16,699,214
Concho Resources, Inc. (a)		117,159		14,351,977
Contango Oil & Gas Co. (a)		169,466		8,090,307
Continental Resources, Inc. (a)(b)		117,201		14,564,568
Denbury Resources, Inc. (b)		854,116		14,007,502
Devon Energy Corp.		221,433		14,820,511
Diamondback Energy, Inc. (a)		218,419		14,701,783
Emerald Oil, Inc. (a)(b)		1,470,564		9,882,190
Energen Corp.		175,540		14,185,387
Energy XXI Bermuda, Ltd. (b)		629,453		14,836,207
EOG Resources, Inc.		74,612		14,636,636
EPL Oil & Gas, Inc. (a)		364,992		14,088,691
EQT Corp.		135,614		13,150,490
EXCO Resources, Inc. (b)		2,696,211		15,098,782
Goodrich Petroleum Corp. (a)(b)		940,767		14,882,934
Gulfport Energy Corp. (a)		213,429		15,191,876
Halcon Resources Corp. (a)(b)		3,712,944		16,077,048
Kodiak Oil & Gas Corp. (a)		1,198,139		14,545,407
Kosmos Energy, Ltd. (a)		1,309,969		14,409,659
Laredo Petroleum Holdings, Inc. (a)(b)		558,160		14,434,018
Magnum Hunter Resources Corp. (a)(b)		1,812,649		15,407,516
Matador Resources Co. (a)		614,097		15,039,236
Murphy Oil Corp.		230,418		14,484,075
Newfield Exploration Co. (a)		502,285		15,751,658
Noble Energy, Inc.		208,453		14,808,501
Northern Oil and Gas, Inc. (a)(b)		1,017,265		14,872,414
Oasis Petroleum, Inc. (a)		336,211		14,030,085
PDC Energy, Inc. (a)		236,730		14,738,810
Penn Virginia Corp. (a)		1,028,670		17,991,438
Pioneer Natural Resources Co.		74,506		13,943,053
QEP Resources, Inc.		488,173		14,371,813
Quicksilver Resources, Inc. (a)(b)		5,220,128		13,728,937
Range Resources Corp.		158,268		13,131,496
Resolute Energy Corp. (a)(b)		1,536,695		11,064,204
Rex Energy Corp. (a)		782,642		14,643,232
Rosetta Resources, Inc. (a)(b)		304,779		14,196,606
Sanchez Energy Corp. (a)(b)		499,555		14,801,815
SandRidge Energy, Inc. (a)(b)		2,190,279		13,448,313
SM Energy Co.		197,831		14,103,372
Southwestern Energy Co. (a)		314,964		14,491,494
Stone Energy Corp. (a)		396,977		16,661,125
Swift Energy Co. (a)(b)		1,438,861		15,482,144
Synergy Resources Corp. (a)(b)		1,141,446		12,270,545
Triangle Petroleum Corp. (a)(b)		1,720,635		14,178,032
Ultra Petroleum Corp. (a)(b)		563,976		15,165,315
VAALCO Energy, Inc. (a)		1,060,929		9,070,943
W&T Offshore, Inc. (b)		920,795		15,938,961
Whiting Petroleum Corp. (a)		202,008		14,017,335
WPX Energy, Inc. (a)(b)		789,486		14,234,433

				879,206,341

OIL & GAS REFINING & MARKETING — 15.0%
Clean Energy Fuels Corp. (a)(b)		1,496,411		13,377,914
CVR Energy, Inc. (b)		339,687		14,351,776
Delek US Holdings, Inc.		450,879		13,093,526
Green Plains Renewable Energy, Inc. (b)		499,383		14,961,515
HollyFrontier Corp.		279,277		13,288,000
Marathon Petroleum Corp.		147,697		12,855,547
PBF Energy, Inc.		514,850		13,283,130
Phillips 66		176,607		13,609,335
Rentech, Inc. (a)(b)		4,158,198		7,900,576
Tesoro Corp.		261,023		13,205,154
Valero Energy Corp.		256,019		13,594,609
Western Refining, Inc. (b)		341,613		13,186,262
World Fuel Services Corp. (b)		313,400		13,820,940

				170,528,284

TOTAL COMMON STOCKS —
(Cost $1,200,117,233)				1,136,327,539

WARRANTS — 0.0% (c)
OIL & GAS EXPLORATION & PRODUCTION — 0.0% (c)
Magnum Hunter Resources (expiring 4/15/16) (a)(b)(d) (Cost $0)		273,090		0

SHORT TERM INVESTMENTS — 9.7%
MONEY MARKET FUNDS — 9.7%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		109,114,951		109,114,951
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		1,349,869		1,349,869

TOTAL SHORT TERM INVESTMENTS —
(Cost $110,464,820)				110,464,820

TOTAL INVESTMENTS — 109.6% (h)
(Cost $1,310,582,053)				1,246,792,359
OTHER ASSETS & LIABILITIES — (9.6)%				(109,058,315	)

NET ASSETS — 100.0%			$	1,137,734,044

140

SPDR S&P Oil & Gas Exploration & Production ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Amount shown represents less than 0.05% of net assets.
(d)		Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs (See accompanying Notes to Schedules of Investments).
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

141

SPDR S&P Pharmaceuticals ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 100.0%
PHARMACEUTICALS — 100.0%
AbbVie, Inc.		587,024	$	30,173,034
Actavis PLC (a)		139,932		28,805,002
Akorn, Inc. (a)(b)		1,284,166		28,251,652
Allergan, Inc.		233,870		29,023,267
Auxilium Pharmaceuticals, Inc. (a)(b)		1,013,732		27,553,236
AVANIR Pharmaceuticals, Inc. (Class A) (a)(b)		4,404,145		16,163,212
Bristol-Myers Squibb Co.		555,834		28,875,576
DepoMed, Inc. (a)		889,982		12,904,739
Eli Lilly & Co.		509,873		30,011,125
Endo International PLC (a)		420,166		28,844,396
Forest Laboratories, Inc. (a)		314,272		28,997,877
Hi-Tech Pharmacal Co., Inc. (a)		184,370		7,988,752
Horizon Pharma, Inc. (a)		2,056,301		31,091,271
Hospira, Inc. (a)		713,378		30,853,599
Impax Laboratories, Inc. (a)		781,891		20,657,560
Jazz Pharmaceuticals PLC (a)		201,153		27,895,898
Johnson & Johnson		323,935		31,820,135
Lannett Co., Inc. (a)		614,434		21,947,582
Mallinckrodt PLC (a)		428,728		27,185,642
Merck & Co., Inc.		538,870		30,591,650
Mylan, Inc. (a)		570,317		27,848,579
Nektar Therapeutics (a)(b)		1,613,691		19,557,935
Pacira Pharmaceuticals, Inc. (a)		421,113		29,473,699
Perrigo Co. PLC		181,371		28,050,839
Pfizer, Inc.		962,623		30,919,451
Prestige Brands Holdings, Inc. (a)		784,148		21,368,033
Questcor Pharmaceuticals, Inc. (b)		474,180		30,788,507
Repros Therapeutics, Inc. (a)(b)		721,581		12,800,847
Sagent Pharmaceuticals, Inc. (a)(b)		456,642		10,671,724
Salix Pharmaceuticals, Ltd. (a)(b)		269,839		27,958,019
The Medicines Co. (a)		1,016,639		28,892,880
VIVUS, Inc. (a)(b)		5,078,118		30,164,021
Zoetis, Inc.		1,021,814		29,571,297
Zogenix, Inc. (a)(b)		4,856,428		13,816,538

TOTAL COMMON STOCKS —
(Cost $742,491,346)				861,517,574

SHORT TERM INVESTMENTS — 12.1%
MONEY MARKET FUNDS — 12.1%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		104,462,237		104,462,237
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		63,933		63,933

TOTAL SHORT TERM INVESTMENTS —
(Cost $104,526,170)				104,526,170

TOTAL INVESTMENTS — 112.1% (f)
(Cost $847,017,516)				966,043,744
OTHER ASSETS & LIABILITIES — (12.1)%				(104,407,949	)

NET ASSETS — 100.0%			$	861,635,795


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

142

SPDR S&P Retail ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
APPAREL RETAIL — 25.5%
Abercrombie & Fitch Co. (Class A)		168,580	$	6,490,330
Aeropostale, Inc. (a)(b)		1,127,648		5,660,793
American Eagle Outfitters, Inc. (b)		514,486		6,297,309
ANN, Inc. (a)		174,885		7,254,230
Ascena Retail Group, Inc. (a)		368,476		6,367,265
Brown Shoe Co., Inc.		249,385		6,618,678
Chico’s FAS, Inc.		407,283		6,528,746
DSW, Inc. (Class A)		166,250		5,961,725
Express, Inc. (a)		424,373		6,739,043
Foot Locker, Inc.		145,795		6,849,449
Francesca’s Holdings Corp. (a)		322,809		5,855,755
Genesco, Inc. (a)		86,339		6,438,299
Guess?, Inc.		230,448		6,360,365
Jos. A. Bank Clothiers, Inc. (a)		102,010		6,559,243
L Brands, Inc.		115,319		6,546,660
Ross Stores, Inc.		90,370		6,465,974
Stage Stores, Inc. (b)		267,020		6,528,639
The Buckle, Inc. (b)		145,482		6,663,076
The Cato Corp. (Class A)		173,437		4,689,736
The Children’s Place Retail Stores, Inc. (b)		127,042		6,327,962
The Finish Line, Inc. (Class A)		246,126		6,667,553
The Gap, Inc.		155,988		6,248,879
The Men’s Wearhouse, Inc.		123,705		6,059,071
TJX Cos., Inc.		107,135		6,497,738
Urban Outfitters, Inc. (a)		184,914		6,743,814
Zumiez, Inc. (a)(b)		262,252		6,356,988

				165,777,320

AUTOMOTIVE RETAIL — 13.9%
Advance Auto Parts, Inc.		52,681		6,664,146
Asbury Automotive Group, Inc. (a)		127,483		7,051,085
AutoNation, Inc. (a)		123,740		6,586,680
AutoZone, Inc. (a)		12,292		6,602,033
CarMax, Inc. (a)		139,174		6,513,343
CST Brands, Inc.		212,002		6,622,942
Group 1 Automotive, Inc. (b)		98,206		6,448,206
Lithia Motors, Inc. (Class A)		100,732		6,694,649
Monro Muffler Brake, Inc.		110,229		6,269,826
Murphy USA, Inc. (a)		161,334		6,548,547
O’Reilly Automotive, Inc. (a)		44,417		6,591,039
Penske Automotive Group, Inc.		148,788		6,362,175
Pep Boys-Manny, Moe & Jack (a)		381,389		4,851,268
Sonic Automotive, Inc. (Class A)		281,802		6,334,909

				90,140,848

CATALOG RETAIL — 1.0%
HSN, Inc.		107,912		6,445,584

COMPUTER & ELECTRONICS RETAIL — 3.2%
Best Buy Co., Inc.		255,737		6,754,014
GameStop Corp. (Class A) (b)		168,679		6,932,707
Rent-A-Center, Inc.		264,402		7,033,093

				20,719,814

DEPARTMENT STORES — 6.2%
Dillard’s, Inc. (Class A)		72,451		6,694,472
J.C. Penney Co., Inc. (a)(b)		754,716		6,505,652
Kohl’s Corp.		119,657		6,796,518
Macy’s, Inc.		112,098		6,646,290
Nordstrom, Inc.		107,179		6,693,328
Sears Holdings Corp. (a)(b)		149,106		7,121,303

				40,457,563

DRUG RETAIL — 3.0%
CVS Caremark Corp.		90,253		6,756,340
Rite Aid Corp. (a)		965,290		6,052,368
Walgreen Co.		97,990		6,470,280

				19,278,988

FOOD RETAIL — 7.9%
Casey’s General Stores, Inc.		94,587		6,393,136
Safeway, Inc.		171,265		6,326,529
Sprouts Farmers Market, Inc. (a)(b)		173,246		6,242,054
SUPERVALU, Inc. (a)(b)		1,000,424		6,842,900
Susser Holdings Corp. (a)		99,292		6,202,771
The Fresh Market, Inc. (a)(b)		190,737		6,408,763
The Kroger Co.		149,502		6,525,762
Whole Foods Market, Inc.		121,720		6,172,421

				51,114,336

GENERAL MERCHANDISE STORES — 7.7%
Big Lots, Inc. (a)		180,088		6,819,932
Conn’s, Inc. (a)(b)		207,686		8,068,601
Dollar General Corp. (a)		114,883		6,373,709
Dollar Tree, Inc. (a)		121,970		6,364,395
Family Dollar Stores, Inc.		108,996		6,322,858
Fred’s, Inc. (Class A)		194,610		3,504,926
Target Corp.		110,575		6,690,893
Tuesday Morning Corp. (a)		408,859		5,785,355

				49,930,669

HYPERMARKETS & SUPER CENTERS — 3.0%
Costco Wholesale Corp.		57,952		6,472,080
PriceSmart, Inc.		61,672		6,224,555
Wal-Mart Stores, Inc.		88,405		6,756,794

				19,453,429

INTERNET RETAIL — 10.3%
Amazon.com, Inc. (a)		17,560		5,909,291
Blue Nile, Inc. (a)(b)		182,174		6,339,655
Expedia, Inc.		86,733		6,288,143
FTD Cos., Inc. (a)		209,357		6,659,646
Groupon, Inc. (a)(b)		786,320		6,164,749
HomeAway, Inc. (a)		153,251		5,772,965
Netflix, Inc. (a)		15,395		5,419,502
NutriSystem, Inc.		438,814		6,612,927
Priceline.com, Inc. (a)		5,172		6,164,455
Shutterfly, Inc. (a)(b)		130,624		5,575,032
TripAdvisor, Inc. (a)		63,840		5,783,266

				66,689,631

SPECIALIZED CONSUMER SERVICES — 1.1%
Outerwall, Inc. (a)(b)		101,476		7,357,010

SPECIALTY STORES — 17.1%
Barnes & Noble, Inc. (a)		305,136		6,377,343
Cabela’s, Inc. (a)		93,432		6,120,730
Dick’s Sporting Goods, Inc.		116,277		6,349,887
Five Below, Inc. (a)(b)		178,436		7,579,961
GNC Holdings, Inc. (Class A)		141,154		6,213,599
Hibbett Sports, Inc. (a)		117,849		6,231,855
Office Depot, Inc. (a)		1,441,718		5,954,295
PetSmart, Inc. (b)		97,039		6,685,017
Sally Beauty Holdings, Inc. (a)		239,363		6,558,546

143

SPDR S&P Retail ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Signet Jewelers, Ltd.		66,549	$	7,044,877
Staples, Inc. (b)		581,760		6,597,159
The Container Store Group, Inc. (a)(b)		186,355		6,326,752
Tiffany & Co.		71,474		6,157,485
Tractor Supply Co.		92,454		6,530,026
Ulta Salon Cosmetics & Fragrance, Inc. (a)		68,973		6,723,488
Vitamin Shoppe, Inc. (a)		145,876		6,932,028
Zale Corp. (a)		311,431		6,512,022

				110,895,070

TOTAL COMMON STOCKS —
(Cost $731,175,095)				648,260,262

SHORT TERM INVESTMENTS — 2.1%
MONEY MARKET FUNDS — 2.1%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		13,486,269		13,486,269
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		327,326		327,326

TOTAL SHORT TERM INVESTMENTS —
(Cost $13,813,595)				13,813,595

TOTAL INVESTMENTS — 102.0% (f)
(Cost $744,988,690)				662,073,857
OTHER ASSETS & LIABILITIES — (2.0)%				(13,152,547	)

NET ASSETS — 100.0%			$	648,921,310


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

144

SPDR S&P Semiconductor ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
SEMICONDUCTORS — 99.9%
Advanced Micro Devices, Inc. (a)(b)		773,794	$	3,102,914
Altera Corp.		84,417		3,059,272
Analog Devices, Inc.		59,472		3,160,342
Applied Micro Circuits Corp. (a)(b)		293,219		2,902,868
Atmel Corp. (a)		358,928		3,000,638
Avago Technologies, Ltd.		47,529		3,061,343
Broadcom Corp. (Class A)		99,501		3,132,291
Cavium, Inc. (a)		69,313		3,031,057
CEVA, Inc. (a)		29,645		520,566
Cirrus Logic, Inc. (a)		156,304		3,105,760
Cree, Inc. (a)(b)		49,374		2,792,593
Cypress Semiconductor Corp. (a)(b)		292,074		2,999,600
Diodes, Inc. (a)		52,551		1,372,632
Entropic Communications, Inc. (a)		205,320		839,759
Exar Corp. (a)		64,487		770,620
Fairchild Semiconductor International, Inc. (a)		223,823		3,086,519
First Solar, Inc. (a)(b)		55,138		3,848,081
Freescale Semiconductor, Ltd. (a)		133,951		3,269,744
Hittite Microwave Corp.		37,278		2,350,005
Integrated Device Technology, Inc. (a)		239,096		2,924,144
Intel Corp.		121,598		3,138,444
International Rectifier Corp. (a)		112,716		3,088,418
Intersil Corp. (Class A)		236,624		3,057,182
Lattice Semiconductor Corp. (a)		261,709		2,051,799
Linear Technology Corp.		64,121		3,122,052
LSI Corp.		268,631		2,973,745
Marvell Technology Group, Ltd.		188,430		2,967,773
Maxim Integrated Products, Inc.		93,833		3,107,749
Micrel, Inc.		55,585		615,882
Microchip Technology, Inc. (b)		64,662		3,088,257
Micron Technology, Inc. (a)		124,335		2,941,766
Microsemi Corp. (a)		115,619		2,893,944
Monolithic Power Systems, Inc. (a)		69,015		2,675,712
NVIDIA Corp.		167,178		2,994,158
OmniVision Technologies, Inc. (a)(b)		174,011		3,079,995
ON Semiconductor Corp. (a)		324,525		3,050,535
PMC-Sierra, Inc. (a)		352,057		2,679,154
Power Integrations, Inc.		47,855		3,147,902
Rambus, Inc. (a)(b)		291,386		3,132,400
RF Micro Devices, Inc. (a)		388,920		3,064,690
Semtech Corp. (a)		116,597		2,954,568
Silicon Image, Inc. (a)		137,124		946,156
Silicon Laboratories, Inc. (a)		57,068		2,981,803
Skyworks Solutions, Inc. (a)		81,216		3,047,224
Spansion, Inc. (Class A) (a)		182,543		3,179,899
SunPower Corp. (a)(b)		94,070		3,034,698
Synaptics, Inc. (a)(b)		48,509		2,911,510
Texas Instruments, Inc.		67,236		3,170,177
TriQuint Semiconductor, Inc. (a)		225,519		3,019,699
Xilinx, Inc.		57,402		3,115,207

TOTAL COMMON STOCKS —
(Cost $125,969,745)				137,563,246

SHORT TERM INVESTMENTS — 8.9%
MONEY MARKET FUNDS — 8.9%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		12,167,479		12,167,479
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		44,773		44,773

TOTAL SHORT TERM INVESTMENTS —
(Cost $12,212,252)				12,212,252

TOTAL INVESTMENTS — 108.8% (f)
(Cost $138,181,997)				149,775,498
OTHER ASSETS & LIABILITIES — (8.8)%				(12,169,440	)

NET ASSETS — 100.0%			$	137,606,058


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

145

SPDR S&P Software & Services ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
APPLICATION SOFTWARE — 28.2%
ACI Worldwide, Inc. (a)(b)		3,451	$	204,265
Adobe Systems, Inc. (a)		3,093		203,334
Advent Software, Inc. (b)		6,684		196,242
Ansys, Inc. (a)		2,740		211,035
Aspen Technology, Inc. (a)(b)		4,530		191,891
Autodesk, Inc. (a)		4,117		202,474
Blackbaud, Inc. (b)		6,815		213,310
Bottomline Technologies, Inc. (a)(b)		5,844		205,417
BroadSoft, Inc. (a)(b)		7,461		199,433
Cadence Design Systems, Inc. (a)(b)		13,608		211,468
Callidus Software, Inc. (a)(b)		15,850		198,442
Citrix Systems, Inc. (a)(b)		3,475		199,569
Compuware Corp.		20,087		210,914
Comverse, Inc. (a)(b)		6,071		209,935
Concur Technologies, Inc. (a)(b)		1,964		194,573
Ebix, Inc. (b)		12,231		208,783
Ellie Mae, Inc. (a)(b)		7,032		202,803
FactSet Research Systems, Inc. (b)		2,005		216,159
Fair Isaac Corp. (b)		3,942		218,071
Guidewire Software, Inc. (a)(b)		3,976		195,023
Informatica Corp. (a)		5,403		204,125
Interactive Intelligence Group (a)		2,690		195,025
Intuit, Inc.		2,600		202,098
Manhattan Associates, Inc. (a)		5,215		182,681
Mentor Graphics Corp. (b)		9,373		206,393
MicroStrategy, Inc. (a)		1,653		190,740
Monotype Imaging Holdings, Inc. (b)		6,827		205,766
Netscout Systems, Inc. (a)(b)		5,606		210,674
Nuance Communications, Inc. (a)(b)		13,028		223,691
Pegasystems, Inc.		5,619		198,463
PROS Holdings, Inc. (a)(b)		6,773		213,417
PTC, Inc. (a)		5,497		194,759
QLIK Technologies, Inc. (a)(b)		7,361		195,729
RealPage, Inc. (a)(b)		11,071		201,049
Salesforce.com, Inc. (a)(b)		3,573		203,983
SolarWinds, Inc. (a)(b)		4,869		207,565
Solera Holdings, Inc.		3,073		194,644
Splunk, Inc. (a)(b)		2,457		175,651
SS&C Technologies Holdings, Inc. (a)		5,102		204,182
Synchronoss Technologies, Inc. (a)(b)		6,057		207,695
Synopsys, Inc. (a)		5,262		202,113
Tangoe, Inc. (a)(b)		12,019		223,433
TIBCO Software, Inc. (a)		9,862		200,396
TiVo, Inc. (a)(b)		16,071		212,619
Tyler Technologies, Inc. (a)(b)		2,312		193,468
Ultimate Software Group, Inc. (a)(b)		1,343		183,991
Verint Systems, Inc. (a)		4,551		213,578
VirnetX Holding Corp. (a)(b)		13,853		196,436
Workday, Inc. (Class A) (a)		2,059		188,254

				9,925,759

DATA PROCESSING & OUTSOURCED SERVICES — 18.2%
Alliance Data Systems Corp. (a)(b)		746		203,248
Automatic Data Processing, Inc.		2,678		206,902
Broadridge Financial Solutions, Inc.		5,582		207,315
Cardtronics, Inc. (a)(b)		5,066		196,814
Computer Sciences Corp.		3,366		204,720
Convergys Corp. (b)		10,127		221,883
CoreLogic, Inc. (a)		6,597		198,174
CSG Systems International, Inc. (b)		7,699		200,482
DST Systems, Inc.		2,165		205,220
Euronet Worldwide, Inc. (a)(b)		5,328		221,592
EVERTEC, Inc. (b)		8,345		206,122
ExlService Holdings, Inc. (a)		6,997		216,277
Fidelity National Information Services, Inc.		3,939		210,540
Fiserv, Inc. (a)		3,630		205,785
FleetCor Technologies, Inc. (a)		1,759		202,461
Genpact, Ltd. (a)(b)		12,238		213,186
Global Payments, Inc.		2,931		208,423
Heartland Payment Systems, Inc. (b)		4,705		195,022
Jack Henry & Associates, Inc.		3,681		205,253
Mastercard, Inc. (Class A)		2,722		203,333
NeuStar, Inc. (Class A) (a)(b)		6,270		203,838
Paychex, Inc. (b)		4,969		211,679
Sykes Enterprises, Inc. (a)(b)		10,463		207,900
Syntel, Inc. (a)(b)		2,286		205,511
TeleTech Holdings, Inc. (a)		8,695		213,114
The Western Union Co. (b)		13,045		213,416
Total System Services, Inc. (b)		6,888		209,464
Vantiv, Inc. (a)(b)		6,599		199,422
VeriFone Systems, Inc. (a)		6,333		214,182
Visa, Inc. (Class A) (b)		941		203,124
WEX, Inc. (a)		2,257		214,528

				6,428,930

DIVERSIFIED COMMERCIAL & PROFESSIONAL SERVICES — 1.0%
CoStar Group, Inc. (a)		1,002		187,114
Global Cash Access Holdings, Inc. (a)		25,814		177,084

				364,198

HOME ENTERTAINMENT SOFTWARE — 2.2%
Activision Blizzard, Inc.		9,895		202,254
Electronic Arts, Inc. (a)(b)		7,020		203,650
Take-Two Interactive Software, Inc. (a)(b)		9,665		211,953
Zynga, Inc. (Class A) (a)(b)		38,059		163,654

				781,511

INTERNET SOFTWARE & SERVICES — 28.1%
Akamai Technologies, Inc. (a)		3,491		203,211
Angie’s List, Inc. (a)(b)		15,683		191,019
AOL, Inc. (a)(b)		5,038		220,513
Bankrate, Inc. (a)		12,196		206,600
Blucora, Inc. (a)(b)		10,640		209,502
ChannelAdvisor Corp. (a)(b)		4,673		176,359
comScore, Inc. (a)(b)		6,721		220,381
Constant Contact, Inc. (a)		7,752		189,614
Conversant, Inc. (a)(b)		8,601		242,118
Cornerstone OnDemand, Inc. (a)(b)		3,703		177,263
Cvent, Inc. (a)(b)		5,125		185,269
Dealertrack Technologies, Inc. (a)(b)		3,928		193,218
Demandware, Inc. (a)		2,812		180,137
Digital River, Inc. (a)(b)		12,060		210,206
E2open, Inc. (a)		8,108		191,106
EarthLink Holdings Corp. (b)		55,413		200,041
eBay, Inc. (a)		3,662		202,289
Envestnet, Inc. (a)(b)		4,837		194,351
Equinix, Inc. (a)(b)		1,135		209,793
Facebook, Inc. (Class A) (a)		3,069		184,876
Global Eagle Entertainment, Inc. (a)		12,060		190,307

146

SPDR S&P Software & Services ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Google, Inc. (Class A) (a)		177	$	197,268
IAC/InterActiveCorp.		2,791		199,249
j2 Global, Inc. (b)		4,280		214,214
LinkedIn Corp. (Class A) (a)		1,056		195,297
Liquidity Services, Inc. (a)(b)		7,803		203,268
LivePerson, Inc. (a)(b)		17,033		205,588
LogMeIn, Inc. (a)(b)		4,584		205,776
Marketo, Inc. (a)(b)		5,913		193,178
Monster Worldwide, Inc. (a)(b)		26,404		197,502
Move, Inc. (a)		16,894		195,295
NIC, Inc. (b)		10,795		208,451
OpenTable, Inc. (a)(b)		2,545		195,787
Pandora Media, Inc. (a)(b)		5,863		177,766
Perficient, Inc. (a)		10,458		189,499
Rackspace Hosting, Inc. (a)(b)		6,030		197,905
Rocket Fuel, Inc. (a)(b)		4,291		183,998
SciQuest, Inc. (a)(b)		7,109		192,050
Shutterstock, Inc. (a)(b)		2,490		180,799
SPS Commerce, Inc. (a)(b)		3,206		197,009
Stamps.com, Inc. (a)		5,728		192,232
Textura Corp. (a)(b)		7,668		193,310
Trulia, Inc. (a)(b)		6,705		222,606
VeriSign, Inc. (a)(b)		3,789		204,265
Web.com Group, Inc. (a)(b)		5,709		194,277
WebMD Health Corp. (a)(b)		4,909		203,233
Xoom Corp. (a)(b)		9,289		181,321
Yahoo!, Inc. (a)		5,527		198,419
Yelp, Inc. (a)		2,394		184,170
Zillow, Inc. (Class A) (a)(b)		2,386		210,207

				9,892,112

IT CONSULTING & OTHER SERVICES — 11.6%
Accenture PLC (Class A) (b)		2,553		203,525
Acxiom Corp. (a)(b)		5,744		197,565
Booz Allen Hamilton Holding Corp. (b)		9,589		210,958
CACI International, Inc. (Class A) (a)(b)		2,731		201,548
Cognizant Technology Solutions Corp. (Class A) (a)		4,135		209,272
EPAM Systems, Inc. (a)		6,482		213,258
Forrester Research, Inc. (b)		3,366		120,671
Gartner, Inc. (a)		2,881		200,057
iGate Corp. (a)		6,368		200,847
International Business Machines Corp. (b)		1,140		219,439
Leidos Holdings, Inc. (b)		4,921		174,056
ManTech International Corp. (Class A) (b)		7,129		209,664
MAXIMUS, Inc.		4,518		202,677
Sapient Corp. (a)(b)		12,533		213,813
Science Applications International Corp. (b)		5,929		221,685
ServiceSource International, Inc. (a)(b)		24,976		210,797
Teradata Corp. (a)(b)		4,650		228,734
Unisys Corp. (a)		6,908		210,418
Virtusa Corp. (a)		5,930		198,714
Xerox Corp. (b)		19,604		221,525

				4,069,223

SYSTEMS SOFTWARE — 10.6%
CA, Inc.		6,601		204,433
CommVault Systems, Inc. (a)(b)		3,306		214,725
FireEye, Inc. (a)(b)		2,739		168,640
Fortinet, Inc. (a)(b)		9,094		200,341
Imperva, Inc. (a)		3,425		190,772
Infoblox, Inc. (a)		9,138		183,308
MICROS Systems, Inc. (a)		3,826		202,510
Microsoft Corp.		5,512		225,937
NetSuite, Inc. (a)(b)		2,024		191,936
Oracle Corp.		5,527		226,109
Progress Software Corp. (a)		9,231		201,236
Proofpoint, Inc. (a)(b)		4,883		181,062
Qualys, Inc. (a)		7,576		192,658
Red Hat, Inc. (a)(b)		3,606		191,046
Rovi Corp. (a)		8,457		192,650
ServiceNow, Inc. (a)(b)		3,140		188,149
Symantec Corp. (b)		10,308		205,851
Tableau Software, Inc. (Class A) (a)(b)		2,301		175,060
VMware, Inc. (Class A) (a)(b)		1,970		212,799

				3,749,222

TOTAL COMMON STOCKS —
(Cost $31,033,624)				35,210,955

SHORT TERM INVESTMENTS — 24.3%
MONEY MARKET FUNDS — 24.3%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		8,533,409		8,533,409
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		27,548		27,548

TOTAL SHORT TERM INVESTMENTS —
(Cost $8,560,957)				8,560,957

TOTAL INVESTMENTS — 124.2% (f)
(Cost $39,594,581)				43,771,912
OTHER ASSETS & LIABILITIES — (24.2)%				(8,530,622	)

NET ASSETS — 100.0%			$	35,241,290


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

147

SPDR S&P Telecom ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
ALTERNATIVE CARRIERS — 13.7%
8x8, Inc. (a)(b)		27,586	$	298,205
Cogent Communications Group, Inc.		8,510		302,360
inContact, Inc. (a)(b)		5,923		56,861
Inteliquent, Inc. (b)		12,726		184,909
Intelsat SA (a)(b)		5,652		105,805
Iridium Communications, Inc. (a)(b)		21,667		162,719
Level 3 Communications, Inc. (a)		7,952		311,241
tw telecom, Inc. (a)		9,751		304,816
Vonage Holdings Corp. (a)(b)		51,792		221,152

				1,948,068

COMMUNICATIONS EQUIPMENT — 63.1%
ADTRAN, Inc. (b)		11,528		281,398
Arris Group, Inc. (a)(b)		10,446		294,368
Aruba Networks, Inc. (a)(b)		14,840		278,250
Black Box Corp. (b)		1,544		37,581
Brocade Communications Systems, Inc. (a)(b)		30,025		318,565
CalAmp Corp. (a)(b)		9,226		257,129
Ciena Corp. (a)(b)		12,444		282,977
Cisco Systems, Inc.		13,867		310,759
CommScope Holding Co., Inc. (a)		13,649		336,857
Comtech Telecommunications Corp. (b)		4,338		138,209
EchoStar Corp. (Class A) (a)		5,917		281,413
Emulex Corp. (a)(b)		35,011		258,731
Extreme Networks, Inc. (a)(b)		52,678		305,532
F5 Networks, Inc. (a)		2,755		293,766
Finisar Corp. (a)(b)		12,059		319,684
Harmonic, Inc. (a)(b)		16,816		120,066
Harris Corp. (b)		4,080		298,493
Infinera Corp. (a)(b)		31,596		286,892
InterDigital, Inc. (b)		9,646		319,379
Ixia (a)(b)		16,462		205,775
JDS Uniphase Corp. (a)(b)		20,631		288,834
Juniper Networks, Inc. (a)(b)		11,555		297,657
Motorola Solutions, Inc.		4,650		298,948
Netgear, Inc. (a)(b)		8,290		279,622
Palo Alto Networks, Inc. (a)(b)		3,855		264,453
Parkervision, Inc. (a)		16,405		78,744
Plantronics, Inc.		5,210		231,584
Polycom, Inc. (a)		22,773		312,446
QUALCOMM, Inc.		3,961		312,364
Riverbed Technology, Inc. (a)(b)		14,884		293,364
Ruckus Wireless, Inc. (a)(b)		22,686		275,862
ShoreTel, Inc. (a)		16,808		144,549
Sonus Networks, Inc. (a)(b)		37,618		126,773
Ubiquiti Networks, Inc. (a)(b)		5,617		255,405
ViaSat, Inc. (a)(b)		4,130		285,135

				8,971,564

INTEGRATED TELECOMMUNICATION SERVICES — 13.3%
AT&T, Inc. (b)		9,112		319,558
Atlantic Tele-Network, Inc. (b)		1,301		85,762
CenturyLink, Inc. (b)		9,669		317,530
Cincinnati Bell, Inc. (a)(b)		31,529		109,090
Consolidated Communications Holdings, Inc. (b)		5,929		118,639
Frontier Communications Corp. (b)		59,448		338,854
Verizon Communications, Inc.		6,425		305,637
Windstream Holdings, Inc. (b)		35,841		295,330

				1,890,400

WIRELESS TELECOMMUNICATION SERVICES — 9.7%
SBA Communications Corp. (Class A) (a)		3,118		283,613
Sprint Corp. (a)(b)		33,719		309,878
T-Mobile US, Inc. (a)		9,452		312,200
Telephone & Data Systems, Inc.		12,728		333,601
US Cellular Corp. (b)		3,540		145,175

				1,384,467

TOTAL COMMON STOCKS —
(Cost $12,810,355)				14,194,499

SHORT TERM INVESTMENTS — 23.8%
MONEY MARKET FUNDS — 23.8%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		3,363,602		3,363,602
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		26,335		26,335

TOTAL SHORT TERM INVESTMENTS —
(Cost $3,389,937)				3,389,937

TOTAL INVESTMENTS — 123.6% (f)
(Cost $16,200,292)				17,584,436
OTHER ASSETS & LIABILITIES — (23.6)%				(3,355,757	)

NET ASSETS — 100.0%			$	14,228,679


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

148

SPDR S&P Transportation ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.9%
AIR FREIGHT & LOGISTICS — 20.8%
Atlas Air Worldwide Holdings, Inc. (a)(b)		86,176	$	3,039,428
C.H. Robinson Worldwide, Inc. (b)		53,570		2,806,532
Expeditors International of Washington, Inc. (b)		70,313		2,786,504
FedEx Corp.		20,070		2,660,479
Forward Air Corp.		27,943		1,288,452
HUB Group, Inc. (Class A) (a)(b)		49,676		1,986,543
United Parcel Service, Inc. (Class B) (b)		28,510		2,776,304
UTI Worldwide, Inc. (b)		237,337		2,513,399
XPO Logistics, Inc. (a)(b)		87,843		2,583,463

				22,441,104

AIRLINES — 24.7%
Alaska Air Group, Inc.		30,000		2,799,300
Allegiant Travel Co. (b)		23,313		2,609,424
American Airlines Group, Inc. (a)(b)		75,428		2,760,665
Delta Air Lines, Inc. (b)		80,343		2,783,885
Hawaiian Holdings, Inc. (a)(b)		166,618		2,325,987
JetBlue Airways Corp. (a)(b)		316,175		2,747,561
Republic Airways Holdings, Inc. (a)		128,753		1,176,803
SkyWest, Inc. (b)		91,865		1,172,197
Southwest Airlines Co. (b)		114,645		2,706,769
Spirit Airlines, Inc. (a)(b)		46,340		2,752,596
United Continental Holdings, Inc. (a)		61,718		2,754,474

				26,589,661

AIRPORT SERVICES — 1.4%
Wesco Aircraft Holdings, Inc. (a)(b)		66,837		1,471,082

MARINE — 3.5%
Kirby Corp. (a)(b)		26,983		2,732,029
Matson, Inc. (b)		42,666		1,053,423

				3,785,452

RAILROADS — 13.1%
CSX Corp.		96,713		2,801,776
Genesee & Wyoming, Inc. (Class A) (a)(b)		28,395		2,763,401
Kansas City Southern		28,413		2,899,831
Norfolk Southern Corp.		29,035		2,821,331
Union Pacific Corp.		14,825		2,782,059

				14,068,398

TRUCKING — 36.4%
AMERCO, Inc.		8,708		2,021,301
Arkansas Best Corp. (b)		77,229		2,853,612
Avis Budget Group, Inc. (a)(b)		59,499		2,897,601
Celadon Group, Inc. (b)		24,642		592,394
Con-way, Inc.		69,557		2,857,402
Heartland Express, Inc. (b)		98,305		2,230,540
Hertz Global Holdings, Inc. (a)		105,647		2,814,436
J.B. Hunt Transport Services, Inc.		38,414		2,762,735
Knight Transportation, Inc. (b)		121,293		2,805,507
Landstar System, Inc. (b)		45,222		2,678,047
Old Dominion Freight Line, Inc. (a)(b)		48,384		2,745,308
Roadrunner Transportation Systems, Inc. (a)(b)		79,924		2,017,282
Ryder Systems, Inc. (b)		35,539		2,840,277
Saia, Inc. (a)(b)		42,613		1,628,243
Swift Transportation Co. (a)(b)		107,031		2,649,017
Werner Enterprises, Inc. (b)		107,620		2,745,386

				39,139,088

TOTAL COMMON STOCKS —
(Cost $92,036,128)				107,494,785

SHORT TERM INVESTMENTS — 24.0%
MONEY MARKET FUNDS — 24.0%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		25,733,620		25,733,620
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		47,059		47,059

TOTAL SHORT TERM INVESTMENTS —
(Cost $25,780,679)				25,780,679

TOTAL INVESTMENTS — 123.9% (f)
(Cost $117,816,807)				133,275,464
OTHER ASSETS & LIABILITIES — (23.9)%				(25,731,100	)

NET ASSETS — 100.0%			$	107,544,364


(a)		Non-income producing security
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

149

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.8%
AEROSPACE & DEFENSE — 4.3%
AAR Corp. (a)		28	$	727
Alliant Techsystems, Inc. (a)		24		3,412
BE Aerospace, Inc. (b)		81		7,030
Cubic Corp. (a)		4		204
Curtiss-Wright Corp.		35		2,224
Engility Holdings, Inc. (a)(b)		2		90
Esterline Technologies Corp. (b)		22		2,344
Exelis, Inc.		137		2,604
GenCorp, Inc. (a)(b)		50		913
General Dynamics Corp.		232		25,269
Honeywell International, Inc. (a)		446		41,371
Huntington Ingalls Industries, Inc.		36		3,681
L-3 Communications Holdings, Inc. (a)		51		6,026
Lockheed Martin Corp.		221		36,076
Moog, Inc. (Class A) (b)		29		1,900
Northrop Grumman Corp.		182		22,455
Orbital Sciences Corp. (b)		41		1,144
Precision Castparts Corp. (a)		101		25,529
Raytheon Co. (a)		262		25,883
Rockwell Collins, Inc. (a)		60		4,780
Teledyne Technologies, Inc. (b)		21		2,044
Textron, Inc. (a)		124		4,872
The Boeing Co.		561		70,400
Triumph Group, Inc.		8		517
United Technologies Corp.		444		51,877

				343,372

AIR FREIGHT & LOGISTICS — 0.8%
C.H. Robinson Worldwide, Inc. (a)		3		157
Expeditors International of Washington, Inc.		13		515
FedEx Corp.		194		25,717
Forward Air Corp.		2		92
HUB Group, Inc. (Class A) (b)		4		160
United Parcel Service, Inc. (Class B)		406		39,536
UTI Worldwide, Inc. (a)		50		530

				66,707

AIRLINES — 0.6%
Alaska Air Group, Inc.		57		5,319
Allegiant Travel Co.		13		1,455
Delta Air Lines, Inc. (a)		705		24,428
JetBlue Airways Corp. (a)(b)		151		1,312
SkyWest, Inc. (a)		42		536
Southwest Airlines Co. (a)		550		12,986

				46,036

AUTO COMPONENTS — 0.8%
BorgWarner, Inc.		169		10,388
Delphi Automotive PLC (a)		218		14,794
Dorman Products, Inc. (a)(b)		22		1,299
Drew Industries, Inc. (a)		10		542
Gentex Corp.		99		3,121
Johnson Controls, Inc.		515		24,370
Spartan Motors, Inc.		4		21
Standard Motor Products, Inc. (a)		10		358
Superior Industries International, Inc.		2		41
The Goodyear Tire & Rubber Co.		202		5,278

				60,212

AUTOMOBILES — 0.8%
Ford Motor Co. (a)		1,244		19,406
General Motors Co. (a)		903		31,081
Harley-Davidson, Inc.		116		7,727
Thor Industries, Inc.		35		2,137
Winnebago Industries, Inc. (a)(b)		22		603

				60,954

BANKS — 6.9%
Associated Banc-Corp. (a)		77		1,391
BancorpSouth, Inc. (a)		62		1,548
Bank of America Corp. (a)		6,054		104,129
Bank of Hawaii Corp. (a)		21		1,273
Bank of the Ozarks, Inc. (a)		20		1,361
Banner Corp.		13		536
BB&T Corp.		282		11,328
BBCN Bancorp, Inc. (a)		10		171
Boston Private Financial Holdings, Inc. (a)		46		622
Cathay General Bancorp (a)		38		957
Citigroup, Inc.		1,084		51,598
City Holding Co.		4		179
City National Corp.		35		2,755
Columbia Banking System, Inc.		40		1,141
Comerica, Inc. (a)		113		5,853
Commerce Bancshares, Inc.		40		1,857
Community Bank System, Inc. (a)		14		546
Cullen/Frost Bankers, Inc. (a)		29		2,248
CVB Financial Corp. (a)		46		731
East West Bancorp, Inc.		101		3,687
F.N.B. Corp. (a)		56		750
Fifth Third Bancorp (a)		430		9,869
First BanCorp- Puerto Rico (a)(b)		38		207
First Commonwealth Financial Corp. (a)		83		750
First Financial Bancorp		14		252
First Financial Bankshares, Inc. (a)		23		1,421
First Horizon National Corp. (a)		76		938
First Midwest Bancorp, Inc.		52		888
First Niagara Financial Group, Inc.		171		1,616
FirstMerit Corp.		129		2,687
Fulton Financial Corp.		101		1,271
Glacier Bancorp, Inc. (a)		54		1,570
Hancock Holding Co.		16		586
Hanmi Financial Corp. (a)		24		559
Home Bancshares, Inc. (a)		36		1,239
Huntington Bancshares, Inc.		470		4,686
Independent Bank Corp.-Massachusetts (a)		10		394
International Bancshares Corp. (a)		10		251
JPMorgan Chase & Co. (a)		1,502		91,186
KeyCorp		622		8,857
M&T Bank Corp. (a)		25		3,033
MB Financial, Inc.		24		743
National Penn Bancshares, Inc.		60		627
NBT Bancorp, Inc. (a)		6		147
Old National Bancorp (a)		50		746
PacWest Bancorp (a)		22		946
Pinnacle Financial Partners, Inc. (a)		18		675
PNC Financial Services Group, Inc.		235		20,445
PrivateBancorp, Inc. (a)		46		1,403
Prosperity Bancshares, Inc. (a)		41		2,712
Regions Financial Corp.		608		6,755

150

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

S&T Bancorp, Inc. (a)		4	$	95
Signature Bank (b)		31		3,893
Simmons First National Corp.		2		75
SunTrust Banks, Inc.		258		10,266
Susquehanna Bancshares, Inc.		81		923
SVB Financial Group (b)		31		3,992
Synovus Financial Corp.		618		2,095
TCF Financial Corp.		73		1,216
Texas Capital Bancshares, Inc. (a)(b)		30		1,948
Tompkins Financial Corp. (a)		2		98
Trustmark Corp. (a)		24		608
U.S. Bancorp (a)		653		27,988
UMB Financial Corp. (a)		15		971
Umpqua Holdings Corp. (a)		73		1,361
United Bankshares, Inc.		10		306
United Community Banks, Inc. (b)		14		272
Valley National Bancorp (a)		12		125
Webster Financial Corp.		47		1,460
Wells Fargo & Co.		2,519		125,295
Westamerica Bancorporation (a)		6		324
Wilshire Bancorp, Inc. (a)		52		577
Wintrust Financial Corp. (a)		5		243
Zions Bancorporation (a)		89		2,757

				549,008

BEVERAGES — 1.2%
Beam, Inc.		31		2,582
Boston Beer Co., Inc. (Class A) (a)(b)		7		1,713
Brown-Forman Corp. (Class B) (a)		38		3,408
Coca-Cola Enterprises, Inc.		112		5,349
Constellation Brands, Inc. (Class A) (b)		129		10,961
Dr. Pepper Snapple Group, Inc. (a)		29		1,579
Molson Coors Brewing Co. (Class B)		70		4,120
Monster Beverage Corp. (b)		83		5,765
PepsiCo, Inc.		354		29,559
The Coca-Cola Co. (a)		719		27,797

				92,833

BIOTECHNOLOGY — 3.8%
Alexion Pharmaceuticals, Inc. (b)		119		18,103
Amgen, Inc.		428		52,790
ArQule, Inc. (a)(b)		2		4
Biogen Idec, Inc. (b)		195		59,645
Celgene Corp. (b)		320		44,672
Cubist Pharmaceuticals, Inc. (a)(b)		57		4,170
Gilead Sciences, Inc. (b)		1,258		89,142
Ligand Pharmaceuticals, Inc. (a)(b)		17		1,143
Momenta Pharmaceuticals, Inc. (b)		4		47
Regeneron Pharmaceuticals, Inc. (a)(b)		61		18,317
Spectrum Pharmaceuticals, Inc. (a)(b)		10		78
United Therapeutics Corp. (a)(b)		38		3,573
Vertex Pharmaceuticals, Inc. (b)		183		12,942

				304,626

BUILDING PRODUCTS — 0.2%
A.O. Smith Corp.		60		2,761
AAON, Inc. (a)		29		808
Allegion PLC (a)		2		104
Apogee Enterprises, Inc. (a)		24		797
Fortune Brands Home & Security, Inc.		115		4,839
Gibraltar Industries, Inc. (a)(b)		10		189
Griffon Corp. (a)		10		119
Lennox International, Inc.		36		3,273
Masco Corp.		127		2,821
Quanex Building Products Corp. (a)		22		455
Simpson Manufacturing Co., Inc.		2		71
Universal Forest Products, Inc. (a)		14		775

				17,012

CAPITAL MARKETS — 2.6%
Affiliated Managers Group, Inc. (b)		38		7,602
Ameriprise Financial, Inc.		159		17,501
BlackRock, Inc. (a)		72		22,643
Calamos Asset Management, Inc. (Class A) (a)		2		26
E*TRADE Financial Corp. (a)(b)		221		5,087
Eaton Vance Corp.		33		1,259
Evercore Partners, Inc. (Class A) (a)		26		1,437
Federated Investors, Inc. (Class B) (a)		37		1,130
Financial Engines, Inc. (a)		34		1,727
Franklin Resources, Inc. (a)		179		9,698
Greenhill & Co., Inc. (a)		5		260
HFF, Inc. (Class A)		22		739
Invesco, Ltd. (a)		252		9,324
Janus Capital Group, Inc. (a)		85		924
Legg Mason, Inc. (a)		83		4,070
Morgan Stanley (a)		786		24,500
Northern Trust Corp.		62		4,065
Piper Jaffray Co., Inc. (a)(b)		8		366
Raymond James Financial, Inc.		23		1,286
SEI Investments Co.		69		2,319
State Street Corp. (c)		231		16,066
Stifel Financial Corp. (a)(b)		31		1,543
SWS Group, Inc. (b)		6		45
T. Rowe Price Group, Inc. (a)		71		5,847
The Bank of New York Mellon Corp. (a)		556		19,621
The Charles Schwab Corp. (a)		885		24,187
The Goldman Sachs Group, Inc.		133		21,792
Virtus Investment Partners, Inc. (a)(b)		4		693
Waddell & Reed Financial, Inc. (Class A) (a)		62		4,564

				210,321

CHEMICALS — 2.5%
A. Schulman, Inc. (a)		10		363
Air Products & Chemicals, Inc.		102		12,142
Airgas, Inc.		18		1,917
Albemarle Corp. (a)		9		598
American Vanguard Corp. (a)		20		433
Ashland, Inc.		26		2,587
Balchem Corp. (a)		24		1,251
Cabot Corp.		21		1,240
Calgon Carbon Corp. (b)		37		808
CF Industries Holdings, Inc.		3		782
Cytec Industries, Inc. (a)		11		1,074
E. I. du Pont de Nemours & Co. (a)		564		37,844
Eastman Chemical Co. (a)		35		3,017
Ecolab, Inc.		189		20,410
Flotek Industries, Inc. (a)(b)		37		1,031
FMC Corp. (a)		47		3,598
H.B. Fuller Co. (a)		37		1,786
Hawkins, Inc. (a)		2		74
Innophos Holdings, Inc. (a)		6		340
International Flavors & Fragrances, Inc.		29		2,774

151

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Intrepid Potash, Inc. (a)(b)		2	$	31
Koppers Holdings, Inc. (a)		4		165
Kraton Performance Polymers, Inc. (a)(b)		20		523
LSB Industries, Inc. (a)(b)		10		374
LyondellBasell Industries NV		211		18,766
Minerals Technologies, Inc.		20		1,291
Monsanto Co.		122		13,880
NewMarket Corp.		6		2,345
Olin Corp.		15		414
OM Group, Inc. (a)		26		864
PolyOne Corp. (a)		87		3,189
Praxair, Inc. (a)		80		10,478
Quaker Chemical Corp.		10		788
RPM International, Inc.		81		3,389
Sensient Technologies Corp.		29		1,636
Sigma-Aldrich Corp.		43		4,015
Stepan Co. (a)		8		517
The Dow Chemical Co. (a)		790		38,386
The Mosaic Co.		6		300
The Scotts Miracle-Gro Co. (Class A) (a)		19		1,164
The Sherwin-Williams Co.		16		3,154
Tredegar Corp. (a)		19		437
Valspar Corp.		12		866
Zep, Inc. (a)		2		35

				201,076

COMMERCIAL SERVICES & SUPPLIES — 0.7%
ABM Industries, Inc.		31		891
Avery Dennison Corp.		60		3,040
Cintas Corp. (a)		66		3,934
Clean Harbors, Inc. (a)(b)		2		110
Copart, Inc. (b)		21		764
Deluxe Corp.		34		1,784
G & K Services, Inc. (Class A) (a)		10		612
Healthcare Services Group, Inc. (a)		13		378
Herman Miller, Inc. (a)		19		610
HNI Corp. (a)		18		658
Interface, Inc. (a)		41		843
Iron Mountain, Inc.		11		303
Mobile Mini, Inc. (a)		31		1,344
MSA Safety, Inc.		12		684
Pitney Bowes, Inc. (a)		157		4,080
R.R. Donnelley & Sons Co.		149		2,667
Republic Services, Inc.		29		991
Rollins, Inc.		16		484
Stericycle, Inc. (b)		31		3,522
Tetra Tech, Inc. (a)(b)		1		30
The ADT Corp. (a)		13		389
The Brink’s Co. (a)		4		114
The Geo Group, Inc. (a)		5		161
Tyco International, Ltd. (a)		263		11,151
UniFirst Corp.		8		880
United Stationers, Inc. (a)		29		1,191
Viad Corp.		23		553
Waste Connections, Inc.		39		1,711
Waste Management, Inc. (a)		193		8,119

				51,998

COMMUNICATIONS EQUIPMENT — 0.8%
ADTRAN, Inc. (a)		45		1,098
Arris Group, Inc. (a)(b)		80		2,254
Bel Fuse, Inc. (Class B) (a)		2		44
Black Box Corp. (a)		2		49
CalAmp Corp. (b)		27		752
Ciena Corp. (a)(b)		85		1,933
Cisco Systems, Inc. (a)		787		17,637
F5 Networks, Inc. (b)		1		107
Harmonic, Inc. (a)(b)		85		607
Harris Corp. (a)		79		5,780
InterDigital, Inc. (a)		5		166
Ixia (a)(b)		27		338
JDS Uniphase Corp. (a)(b)		5		70
Juniper Networks, Inc. (a)(b)		32		824
Motorola Solutions, Inc. (a)		65		4,179
Netgear, Inc. (a)(b)		8		270
Oplink Communications, Inc. (a)(b)		2		36
PC-Tel, Inc. (a)		2		17
Plantronics, Inc.		21		933
Polycom, Inc. (a)(b)		9		123
QUALCOMM, Inc. (a)		320		25,235
Riverbed Technology, Inc. (a)(b)		4		79
ViaSat, Inc. (a)(b)		33		2,278

				64,809

CONSTRUCTION & ENGINEERING — 0.2%
Aecom Technology Corp. (a)(b)		19		611
Aegion Corp. (a)(b)		22		557
Comfort Systems USA, Inc. (a)		41		625
Dycom Industries, Inc. (a)(b)		27		854
EMCOR Group, Inc. (a)		27		1,263
Fluor Corp. (a)		59		4,586
Granite Construction, Inc.		1		40
Jacobs Engineering Group, Inc. (b)		64		4,064
KBR, Inc.		9		240
Orion Marine Group, Inc. (a)(b)		6		75
Quanta Services, Inc. (b)		31		1,144
URS Corp. (a)		36		1,694

				15,753

CONSTRUCTION MATERIALS — 0.1%
Eagle Materials, Inc.		13		1,153
Headwaters, Inc. (b)		50		660
Martin Marietta Materials, Inc.		3		385
Texas Industries, Inc. (a)(b)		14		1,255
Vulcan Materials Co. (a)		14		930

				4,383

CONSUMER FINANCE — 1.5%
American Express Co.		678		61,040
Capital One Financial Corp.		327		25,231
Cash America International, Inc. (a)		9		348
Discover Financial Services		332		19,319
Encore Capital Group, Inc. (a)(b)		18		823
First Cash Financial Services, Inc. (a)(b)		18		908
Portfolio Recovery Associates, Inc. (a)(b)		36		2,083
SLM Corp.		339		8,299
World Acceptance Corp. (a)(b)		7		526

				118,577

CONTAINERS & PACKAGING — 0.4%
AptarGroup, Inc.		25		1,652
Ball Corp.		39		2,137
Bemis Co., Inc. (a)		37		1,452

152

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Greif, Inc. (Class A)		6	$	315
MeadWestvaco Corp.		56		2,108
Myers Industries, Inc.		20		398
Owens-Illinois, Inc. (b)		119		4,026
Packaging Corp. of America		73		5,137
Rock-Tenn Co. (Class A)		38		4,012
Sealed Air Corp. (a)		161		5,292
Silgan Holdings, Inc.		7		347
Sonoco Products Co.		53		2,174

				29,050

DISTRIBUTORS — 0.1%
Genuine Parts Co. (a)		55		4,777
LKQ Corp. (b)		217		5,718
Pool Corp. (a)		20		1,226
VOXX International Corp. (a)(b)		4		55

				11,776

DIVERSIFIED CONSUMER SERVICES — 0.2%
American Public Education, Inc. (a)(b)		2		70
Apollo Education Group, Inc. (a)(b)		53		1,815
Capella Education Co. (a)		2		126
Career Education Corp. (b)		2		15
DeVry Education Group, Inc. (a)		18		763
Graham Holdings Co. (Class B)		4		2,815
H&R Block, Inc. (a)		132		3,985
Hillenbrand, Inc. (a)		35		1,131
Matthews International Corp. (Class A) (a)		12		490
Regis Corp. (a)		18		247
Service Corp. International (a)		67		1,332
Sotheby’s (a)		53		2,308
Universal Technical Institute, Inc.		2		26

				15,123

DIVERSIFIED FINANCIAL SERVICES — 1.6%
Berkshire Hathaway, Inc. (Class B) (a)(b)		568		70,983
CBOE Holdings, Inc.		67		3,792
CME Group, Inc.		205		15,172
Interactive Brokers Group, Inc. (Class A)		35		759
IntercontinentalExchange Group, Inc.		89		17,607
Leucadia National Corp. (a)		73		2,044
MarketAxess Holdings, Inc. (a)		31		1,836
Moody’s Corp. (a)		123		9,756
MSCI, Inc. (Class A) (a)(b)		57		2,452
The NASDAQ OMX Group, Inc.		66		2,438

				126,839

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.9%
AT&T, Inc.		560		19,639
Atlantic Tele-Network, Inc. (a)		4		264
Cbeyond, Inc. (b)		14		102
CenturyLink, Inc. (a)		13		427
Cincinnati Bell, Inc. (a)(b)		163		564
Frontier Communications Corp. (a)		63		359
General Communication, Inc. (Class A) (a)(b)		4		46
tw telecom, Inc. (b)		21		656
Verizon Communications, Inc.		957		45,524
Windstream Holdings, Inc. (a)		38		313

				67,894

ELECTRIC UTILITIES — 0.4%
ALLETE, Inc. (a)		20		1,048
American Electric Power Co., Inc.		51		2,584
Cleco Corp.		9		455
Duke Energy Corp.		45		3,205
Edison International (a)		17		962
El Paso Electric Co.		10		357
Entergy Corp. (a)		4		267
Exelon Corp. (a)		18		604
FirstEnergy Corp. (a)		9		306
Great Plains Energy, Inc. (a)		23		622
Hawaiian Electric Industries, Inc. (a)		22		559
IDACORP, Inc. (a)		9		499
NextEra Energy, Inc.		134		12,813
Northeast Utilities (a)		33		1,502
OGE Energy Corp. (a)		54		1,985
Pepco Holdings, Inc. (a)		16		328
Pinnacle West Capital Corp.		7		383
PNM Resources, Inc. (a)		4		108
PPL Corp.		40		1,326
Southern Co. (a)		19		835
UIL Holdings Corp. (a)		8		295
UNS Energy Corp.		11		660
Westar Energy, Inc. (a)		29		1,020
Xcel Energy, Inc. (a)		51		1,548

				34,271

ELECTRICAL EQUIPMENT — 0.8%
Acuity Brands, Inc.		30		3,977
AMETEK, Inc.		108		5,561
AZZ, Inc.		4		179
Brady Corp. (Class A) (a)		6		163
Eaton Corp. PLC (a)		269		20,207
Emerson Electric Co.		252		16,834
Encore Wire Corp. (a)		4		194
EnerSys (a)		38		2,633
Franklin Electric Co., Inc. (a)		24		1,020
General Cable Corp. (a)		1		26
Hubbell, Inc. (Class B)		17		2,038
Powell Industries, Inc.		4		259
Regal-Beloit Corp.		5		363
Rockwell Automation, Inc.		73		9,092
Roper Industries, Inc.		27		3,605

				66,151

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.1%
Agilysys, Inc. (b)		2		27
Amphenol Corp. (Class A) (a)		84		7,699
Anixter International, Inc. (a)		16		1,624
Arrow Electronics, Inc. (b)		61		3,621
Avnet, Inc. (a)		49		2,280
Badger Meter, Inc. (a)		4		220
Belden, Inc. (a)		35		2,436
Benchmark Electronics, Inc. (b)		40		906
Checkpoint Systems, Inc. (a)(b)		47		631
Cognex Corp. (a)(b)		76		2,573
Coherent, Inc. (b)		9		588
Corning, Inc. (a)		1,065		22,173
CTS Corp. (a)		8		167
Daktronics, Inc. (a)		4		58
Electro Scientific Industries, Inc. (a)		2		20

153

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

FARO Technologies, Inc. (a)(b)		2	$	106
FEI Co. (a)		33		3,400
FLIR Systems, Inc.		63		2,268
II-VI, Inc. (a)(b)		6		93
Ingram Micro, Inc. (Class A) (b)		68		2,010
Insight Enterprises, Inc. (b)		6		151
Itron, Inc. (a)(b)		16		569
Jabil Circuit, Inc.		4		72
Knowles Corp. (a)(b)		55		1,736
Littelfuse, Inc.		15		1,405
Measurement Specialties, Inc. (a)(b)		11		746
Methode Electronics, Inc. (Class A) (a)		40		1,226
Mettler-Toledo International, Inc. (b)		5		1,178
MTS Systems Corp. (a)		12		822
National Instruments Corp.		19		545
OSI Systems, Inc. (b)		1		60
Plexus Corp. (a)(b)		14		561
Rogers Corp. (b)		11		687
Sanmina Corp. (a)(b)		69		1,204
Scansource, Inc. (a)(b)		2		81
SYNNEX Corp. (a)(b)		21		1,273
TE Connectivity, Ltd.		267		16,076
Tech Data Corp. (b)		2		122
Trimble Navigation, Ltd. (b)		38		1,477
TTM Technologies, Inc. (a)(b)		2		17
Vishay Intertechnology, Inc. (a)		63		937
Zebra Technologies Corp. (Class A) (b)		25		1,735

				85,580

ENERGY EQUIPMENT & SERVICES — 1.2%
Atwood Oceanics, Inc. (a)(b)		3		151
Baker Hughes, Inc.		159		10,338
Bristow Group, Inc. (a)		27		2,039
C&J Energy Services, Inc. (a)(b)		21		612
Cameron International Corp. (b)		5		309
CARBO Ceramics, Inc.		12		1,656
Diamond Offshore Drilling, Inc. (a)		1		49
Dresser-Rand Group, Inc. (a)(b)		1		58
Dril-Quip, Inc. (a)(b)		21		2,354
Ensco PLC (Class A) (a)		15		792
Era Group, Inc. (b)		2		59
Exterran Holdings, Inc.		30		1,316
FMC Technologies, Inc. (b)		35		1,830
Geospace Technologies Corp. (a)(b)		1		66
Gulf Island Fabrication, Inc. (a)		2		43
Halliburton Co.		303		17,844
Helix Energy Solutions Group, Inc. (a)(b)		2		46
Helmerich & Payne, Inc.		57		6,131
Hornbeck Offshore Services, Inc. (a)(b)		25		1,045
ION Geophysical Corp. (a)(b)		8		34
Matrix Service Co. (a)(b)		2		68
Nabors Industries, Ltd.		17		419
National Oilwell Varco, Inc. (a)		45		3,504
Newpark Resources, Inc. (a)(b)		72		824
Noble Corp. PLC		5		164
Oceaneering International, Inc.		43		3,090
Oil States International, Inc. (a)(b)		27		2,662
Patterson-UTI Energy, Inc. (a)		70		2,218
Pioneer Energy Services Corp. (b)		2		26
Rowan Cos. PLC (a)(b)		8		269
Schlumberger, Ltd. (a)		360		35,100
SEACOR Holdings, Inc. (a)(b)		11		951
Superior Energy Services, Inc. (a)		17		523
Tetra Technologies, Inc. (a)(b)		72		922
Tidewater, Inc. (a)		17		826
Unit Corp. (a)(b)		10		654

				98,992

FOOD & STAPLES RETAILING — 2.1%
Casey’s General Stores, Inc. (a)		27		1,825
Costco Wholesale Corp.		119		13,290
CVS Caremark Corp.		726		54,348
Safeway, Inc. (a)		199		7,351
Spartan Stores, Inc. (a)		39		905
SUPERVALU, Inc. (a)(b)		163		1,115
Sysco Corp. (a)		159		5,745
The Andersons, Inc. (a)		23		1,363
The Kroger Co. (a)		339		14,797
United Natural Foods, Inc. (a)(b)		22		1,560
Wal-Mart Stores, Inc.		306		23,388
Walgreen Co.		604		39,882
Whole Foods Market, Inc. (a)		117		5,933

				171,502

FOOD PRODUCTS — 1.6%
Archer-Daniels-Midland Co.		484		21,001
B&G Foods, Inc. (a)		17		512
Cal-Maine Foods, Inc. (a)		10		628
Calavo Growers, Inc. (a)		4		142
Campbell Soup Co. (a)		57		2,558
ConAgra Foods, Inc.		45		1,396
Darling International, Inc. (b)		57		1,141
Dean Foods Co. (a)		37		572
Flowers Foods, Inc. (a)		55		1,180
General Mills, Inc.		200		10,364
Hain Celestial Group, Inc. (a)(b)		37		3,384
Hillshire Brands Co.		18		671
Hormel Foods Corp.		65		3,203
Ingredion, Inc. (a)		15		1,021
J&J Snack Foods Corp.		11		1,056
Kellogg Co. (a)		27		1,693
Keurig Green Mountain, Inc.		99		10,453
Kraft Foods Group, Inc. (a)		189		10,603
Lancaster Colony Corp. (a)		12		1,193
McCormick & Co., Inc. (a)		19		1,363
Mead Johnson Nutrition Co.		30		2,494
Mondelez International, Inc. (Class A)		774		26,742
Post Holdings, Inc. (a)(b)		21		1,157
Sanderson Farms, Inc. (a)		16		1,256
Seneca Foods Corp. (a)(b)		6		189
Snyders-Lance, Inc. (a)		24		677
The Hershey Co. (a)		53		5,533
The J.M. Smucker Co.		29		2,820
Tootsie Roll Industries, Inc. (a)		6		188
TreeHouse Foods, Inc. (a)(b)		11		792
Tyson Foods, Inc. (Class A) (a)		195		8,582
WhiteWave Foods Co. (Class A) (b)		113		3,225

				127,789

GAS UTILITIES — 0.2%
AGL Resources, Inc. (a)		32		1,567
Atmos Energy Corp. (a)		32		1,508
National Fuel Gas Co. (a)		47		3,292

154

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

New Jersey Resources Corp. (a)		4	$	199
Northwest Natural Gas Co. (a)		6		264
ONE Gas, Inc. (a)(b)		27		970
Piedmont Natural Gas Co., Inc.		10		354
Questar Corp. (a)		11		262
South Jersey Industries, Inc. (a)		13		729
Southwest Gas Corp. (a)		16		855
The Laclede Group, Inc. (a)		6		283
UGI Corp. (a)		46		2,098
WGL Holdings, Inc. (a)		16		641

				13,022

HEALTH CARE EQUIPMENT & SUPPLIES — 1.7%
Abaxis, Inc. (a)(b)		12		467
Abbott Laboratories		292		11,245
Align Technology, Inc. (b)		63		3,263
Analogic Corp. (a)		3		246
Baxter International, Inc.		57		4,194
Becton, Dickinson and Co.		102		11,942
Boston Scientific Corp. (b)		1,039		14,047
C.R. Bard, Inc.		38		5,623
Cantel Medical Corp. (a)		24		809
CareFusion Corp. (b)		93		3,740
CONMED Corp.		6		261
Covidien PLC		145		10,681
CryoLife, Inc. (a)		18		179
Cyberonics, Inc. (a)(b)		18		1,175
Cynosure, Inc. (Class A) (b)		1		29
DENTSPLY International, Inc.		45		2,072
Greatbatch, Inc. (b)		6		276
Haemonetics Corp. (a)(b)		14		456
HealthStream, Inc. (a)(b)		16		427
Hill-Rom Holdings, Inc. (a)		23		886
Hologic, Inc. (b)		6		129
ICU Medical, Inc. (a)(b)		10		599
IDEXX Laboratories, Inc. (a)(b)		10		1,214
Integra LifeSciences Holdings Corp. (a)(b)		12		552
Intuitive Surgical, Inc. (b)		1		438
Masimo Corp. (a)(b)		20		546
Medtronic, Inc.		357		21,970
Meridian Bioscience, Inc. (a)		10		218
Merit Medical Systems, Inc. (b)		10		143
Natus Medical, Inc. (a)(b)		24		619
Neogen Corp. (b)		25		1,124
NuVasive, Inc. (a)(b)		34		1,306
ResMed, Inc. (a)		21		939
St. Jude Medical, Inc.		215		14,059
STERIS Corp. (a)		24		1,146
Stryker Corp. (a)		93		7,577
SurModics, Inc. (a)(b)		10		226
Symmetry Medical, Inc. (a)(b)		8		80
Teleflex, Inc. (a)		17		1,823
The Cooper Cos., Inc.		15		2,060
Thoratec Corp. (b)		13		466
Varian Medical Systems, Inc. (a)(b)		15		1,260
West Pharmaceutical Services, Inc. (a)		48		2,114
Zimmer Holdings, Inc. (a)		61		5,769

				138,395

HEALTH CARE PROVIDERS & SERVICES — 3.0%
Aetna, Inc.		239		17,918
Air Methods Corp. (a)(b)		19		1,015
Almost Family, Inc. (a)(b)		2		46
Amedisys, Inc. (a)(b)		6		89
AmerisourceBergen Corp.		180		11,806
AMN Healthcare Services, Inc. (a)(b)		34		467
AmSurg Corp. (a)(b)		21		989
Bio-Reference Laboratories, Inc. (a)(b)		18		498
Cardinal Health, Inc.		251		17,565
Centene Corp. (b)		35		2,179
Chemed Corp.		3		268
CIGNA Corp. (a)		209		17,500
Community Health Systems, Inc. (a)(b)		12		470
Cross Country Healthcare, Inc. (a)(b)		2		16
DaVita HealthCare Partners, Inc. (b)		19		1,308
Express Scripts Holding Co. (b)		374		28,084
Gentiva Health Services, Inc. (a)(b)		24		219
Hanger, Inc. (a)(b)		26		876
Health Net, Inc. (b)		12		408
Healthways, Inc. (a)(b)		26		446
Henry Schein, Inc. (a)(b)		41		4,894
HMS Holdings Corp. (a)(b)		27		514
Humana, Inc. (a)		95		10,709
IPC The Hospitalist Co. (a)(b)		4		196
Kindred Healthcare, Inc.		45		1,054
Laboratory Corp. of America Holdings (b)		5		491
Landauer, Inc. (a)		4		181
LHC Group, Inc. (b)		6		132
LifePoint Hospitals, Inc. (a)(b)		27		1,473
Magellan Health Services, Inc. (b)		2		119
McKesson Corp.		169		29,840
MEDNAX, Inc. (b)		36		2,231
Molina Healthcare, Inc. (a)(b)		14		526
MWI Veterinary Supply, Inc. (a)(b)		8		1,245
Omnicare, Inc.		76		4,535
Owens & Minor, Inc. (a)		28		981
Patterson Cos., Inc. (a)		20		835
Quest Diagnostics, Inc. (a)		3		174
Tenet Healthcare Corp. (b)		11		471
The Ensign Group, Inc. (a)		12		524
UnitedHealth Group, Inc. (a)		572		46,898
Universal Health Services, Inc. (Class B)		58		4,760
VCA Antech, Inc. (a)(b)		61		1,966
WellCare Health Plans, Inc. (b)		30		1,906
WellPoint, Inc.		183		18,218

				237,040

HEALTH CARE TECHNOLOGY — 0.2%
Allscripts Healthcare Solutions, Inc. (a)(b)		97		1,749
Cerner Corp. (b)		155		8,719
Computer Programs and Systems, Inc.		2		129
Medidata Solutions, Inc. (a)(b)		36		1,956
Omnicell, Inc. (a)(b)		33		945

				13,498

HOTELS, RESTAURANTS & LEISURE — 1.6%
Bally Technologies, Inc. (b)		27		1,789
Bob Evans Farms, Inc. (a)		14		700
Boyd Gaming Corp. (a)(b)		61		805
Brinker International, Inc. (a)		37		1,941
Buffalo Wild Wings, Inc. (a)(b)		11		1,638

155

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Carnival Corp. (a)		46	$	1,742
Chipotle Mexican Grill, Inc. (a)(b)		24		13,633
Cracker Barrel Old Country Store, Inc. (a)		18		1,750
Darden Restaurants, Inc. (a)		41		2,081
DineEquity, Inc.		4		312
Domino’s Pizza, Inc.		45		3,464
International Game Technology		68		956
International Speedway Corp. (Class A) (a)		12		408
Interval Leisure Group, Inc. (a)		26		680
Jack in the Box, Inc. (b)		32		1,886
Life Time Fitness, Inc. (a)(b)		8		385
Marcus Corp.		2		33
Marriott International, Inc. (Class A) (a)		66		3,697
Marriott Vacations Worldwide Corp. (b)		7		391
McDonald’s Corp.		105		10,293
Multimedia Games Holding Co., Inc. (a)(b)		22		639
Panera Bread Co. (Class A) (b)		1		177
Papa John’s International, Inc. (a)		28		1,459
Pinnacle Entertainment, Inc. (a)(b)		48		1,138
Red Robin Gourmet Burgers, Inc. (a)(b)		8		573
Ruby Tuesday, Inc. (a)(b)		2		11
Ruth’s Hospitality Group, Inc.		24		290
Scientific Games Corp. (Class A) (a)(b)		40		549
Sonic Corp. (a)(b)		38		866
Starbucks Corp.		491		36,030
Starwood Hotels & Resorts Worldwide, Inc.		93		7,403
Texas Roadhouse, Inc. (a)		56		1,461
The Cheesecake Factory, Inc. (a)		28		1,334
The Wendy’s Co. (a)		210		1,915
Wyndham Worldwide Corp.		69		5,053
Wynn Resorts, Ltd. (a)		63		13,995
Yum! Brands, Inc.		122		9,198

				130,675

HOUSEHOLD DURABLES — 0.5%
D.R. Horton, Inc. (a)		6		130
Ethan Allen Interiors, Inc. (a)		8		204
Garmin, Ltd. (a)		49		2,708
Harman International Industries, Inc.		53		5,639
Helen of Troy, Ltd. (b)		21		1,454
iRobot Corp. (a)(b)		21		862
Jarden Corp. (b)		81		4,846
KB Home		19		323
La-Z-Boy, Inc. (a)		38		1,030
Leggett & Platt, Inc. (a)		21		685
Lennar Corp. (Class A) (a)		3		119
M.D.C. Holdings, Inc. (a)		7		198
M/I Homes, Inc. (a)(b)		16		359
Meritage Homes Corp. (b)		9		377
Mohawk Industries, Inc. (b)		43		5,847
Newell Rubbermaid, Inc. (a)		176		5,262
NVR, Inc. (b)		1		1,147
Pulte Group, Inc.		7		134
Standard Pacific Corp. (a)(b)		93		773
Tempur Sealy International, Inc. (a)(b)		44		2,229
The Ryland Group, Inc. (a)		15		599
Toll Brothers, Inc. (a)(b)		9		323
Tupperware Brands Corp. (a)		23		1,926
Whirlpool Corp. (a)		45		6,726

				43,900

HOUSEHOLD PRODUCTS — 0.9%
Central Garden & Pet Co. (Class A) (a)(b)		28		232
Church & Dwight Co., Inc. (a)		32		2,210
Colgate-Palmolive Co.		314		20,369
Energizer Holdings, Inc. (a)		27		2,720
Kimberly-Clark Corp.		121		13,340
The Clorox Co. (a)		36		3,168
The Procter & Gamble Co.		400		32,240
WD-40 Co.		8		621

				74,900

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.1%
NRG Energy, Inc. (a)		102		3,244
The AES Corp.		298		4,255

				7,499

INDUSTRIAL CONGLOMERATES — 2.6%
3M Co. (a)		416		56,435
Carlisle Cos., Inc.		31		2,459
Danaher Corp. (a)		264		19,800
General Electric Co.		4,892		126,654

				205,348

INSURANCE — 3.8%
ACE, Ltd.		107		10,599
Aflac, Inc.		206		12,986
Alleghany Corp. (b)		3		1,222
American Financial Group, Inc.		42		2,424
American International Group, Inc. (a)		773		38,658
AMERISAFE, Inc.		10		439
Aon PLC		201		16,940
Arthur J. Gallagher & Co.		66		3,140
Aspen Insurance Holdings, Ltd.		15		595
Assurant, Inc. (a)		53		3,443
Brown & Brown, Inc.		27		831
Cincinnati Financial Corp. (a)		53		2,579
eHealth, Inc. (a)(b)		12		610
Employers Holdings, Inc. (a)		12		243
Everest Re Group, Ltd.		26		3,979
Fidelity National Financial, Inc. (Class A) (a)		144		4,527
First American Financial Corp. (a)		20		531
Genworth Financial, Inc. (Class A) (b)		401		7,110
Hartford Financial Services Group, Inc. (a)		316		11,145
HCC Insurance Holdings, Inc.		40		1,820
Horace Mann Educators Corp.		28		812
Infinity Property & Casualty Corp. (a)		2		135
Kemper Corp.		22		862
Lincoln National Corp.		217		10,995
Loews Corp. (a)		58		2,555
Marsh & McLennan Cos., Inc. (a)		312		15,382
Mercury General Corp. (a)		19		857
MetLife, Inc.		777		41,026
Old Republic International Corp. (a)		176		2,886
Primerica, Inc.		27		1,272
Principal Financial Group, Inc.		213		9,796
ProAssurance Corp.		12		534

156

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Protective Life Corp. (a)		61	$	3,208
Prudential Financial, Inc.		360		30,474
Reinsurance Group of America, Inc.		35		2,787
RLI Corp. (a)		24		1,062
Safety Insurance Group, Inc. (a)		4		215
Selective Insurance Group, Inc. (a)		30		700
StanCorp Financial Group, Inc. (a)		34		2,271
Stewart Information Services Corp. (a)		14		492
The Allstate Corp.		182		10,298
The Chubb Corp.		81		7,233
The Hanover Insurance Group, Inc.		39		2,396
The Navigators Group, Inc. (b)		2		123
The Progressive Corp.		174		4,214
The Travelers Cos., Inc.		99		8,425
Torchmark Corp. (a)		64		5,037
United Fire Group, Inc. (a)		16		486
Unum Group		205		7,239
W.R. Berkley Corp. (a)		25		1,040
XL Group PLC (a)		65		2,031

				300,664

INTERNET & CATALOG RETAIL — 2.1%
Amazon.com, Inc. (b)		272		91,533
Expedia, Inc. (a)		2		145
FTD Cos., Inc. (a)(b)		18		572
HSN, Inc.		5		299
Netflix, Inc. (a)(b)		47		16,545
NutriSystem, Inc. (a)		2		30
PetMed Express, Inc. (a)		4		54
Priceline.com, Inc. (b)		40		47,676
TripAdvisor, Inc. (a)(b)		88		7,972

				164,826

INTERNET SOFTWARE & SERVICES — 4.4%
Akamai Technologies, Inc. (a)(b)		41		2,387
AOL, Inc. (a)(b)		58		2,539
Blucora, Inc. (a)(b)		34		669
comScore, Inc. (a)(b)		25		820
Conversant, Inc. (a)(b)		17		479
Dealertrack Technologies, Inc. (a)(b)		34		1,672
Dice Holdings, Inc. (a)(b)		2		15
Digital River, Inc. (a)(b)		2		35
eBay, Inc. (b)		73		4,032
Equinix, Inc. (a)(b)		1		185
Facebook, Inc. (Class A) (a)(b)		1,403		84,517
Google, Inc. (Class A) (b)		197		219,558
j2 Global, Inc. (a)		35		1,752
Liquidity Services, Inc. (b)		1		26
LivePerson, Inc. (a)(b)		38		459
Monster Worldwide, Inc. (a)(b)		2		15
NIC, Inc. (a)		29		560
OpenTable, Inc. (a)(b)		18		1,385
Perficient, Inc. (a)(b)		18		326
Rackspace Hosting, Inc. (a)(b)		7		230
VeriSign, Inc. (a)(b)		83		4,474
XO Group, Inc. (a)(b)		2		20
Yahoo!, Inc. (a)(b)		779		27,966

				354,121

IT SERVICES — 3.4%
Accenture PLC (Class A) (a)		174		13,871
Acxiom Corp. (a)(b)		52		1,789
Alliance Data Systems Corp. (a)(b)		38		10,353
Automatic Data Processing, Inc.		294		22,714
Broadridge Financial Solutions, Inc.		93		3,454
CACI International, Inc. (Class A) (a)(b)		14		1,033
Cardtronics, Inc. (b)		24		932
CIBER, Inc. (a)(b)		8		37
Cognizant Technology Solutions Corp. (Class A) (b)		266		13,462
Computer Sciences Corp. (a)		77		4,683
Convergys Corp. (a)		37		811
CoreLogic, Inc. (b)		49		1,472
CSG Systems International, Inc. (a)		26		677
DST Systems, Inc.		21		1,991
ExlService Holdings, Inc. (a)(b)		8		247
Fidelity National Information Services, Inc.		203		10,850
Fiserv, Inc. (a)(b)		179		10,147
Gartner, Inc. (b)		45		3,125
Global Payments, Inc.		35		2,489
Heartland Payment Systems, Inc. (a)		27		1,119
iGate Corp. (a)(b)		20		631
International Business Machines Corp. (a)		21		4,042
Jack Henry & Associates, Inc.		49		2,732
Leidos Holdings, Inc. (a)		57		2,016
Mastercard, Inc. (Class A)		794		59,312
MAXIMUS, Inc. (a)		30		1,346
NeuStar, Inc. (Class A) (a)(b)		9		293
Paychex, Inc. (a)		212		9,031
Science Applications International Corp. (a)		6		224
TeleTech Holdings, Inc. (b)		2		49
Teradata Corp. (a)(b)		3		148
The Western Union Co. (a)		197		3,223
Total System Services, Inc.		95		2,889
VeriFone Systems, Inc. (a)(b)		2		68
Virtusa Corp. (a)(b)		25		838
Visa, Inc. (Class A) (a)		332		71,665
WEX, Inc. (b)		12		1,141
Xerox Corp.		807		9,119

				274,023

LEISURE PRODUCTS — 0.3%
Arctic Cat, Inc. (a)		10		478
Brunswick Corp. (a)		40		1,812
Callaway Golf Co. (a)		14		143
Hasbro, Inc. (a)		85		4,728
Mattel, Inc. (a)		164		6,578
Polaris Industries, Inc. (a)		47		6,566
Sturm Ruger & Co, Inc. (a)		14		837

				21,142

LIFE SCIENCES TOOLS & SERVICES — 0.7%
Affymetrix, Inc. (a)(b)		2		14
Agilent Technologies, Inc.		146		8,164
Bio-Rad Laboratories, Inc. (Class A) (a)(b)		2		256
Cambrex Corp. (a)(b)		24		453
Charles River Laboratories International, Inc. (b)		26		1,569
Covance, Inc. (b)		27		2,805

157

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

PAREXEL International Corp. (b)		42	$	2,272
PerkinElmer, Inc. (a)		40		1,803
Techne Corp. (a)		17		1,451
Thermo Fisher Scientific, Inc.		291		34,990
Waters Corp. (b)		13		1,409

				55,186

MACHINERY — 1.9%
Actuant Corp. (Class A) (a)		26		888
AGCO Corp.		17		938
Albany International Corp. (Class A)		20		711
Astec Industries, Inc. (a)		2		88
Barnes Group, Inc. (a)		33		1,270
Briggs & Stratton Corp. (a)		30		668
Caterpillar, Inc. (a)		13		1,292
CIRCOR International, Inc.		17		1,247
CLARCOR, Inc.		13		746
Crane Co.		31		2,206
Cummins, Inc.		62		9,237
Deere & Co.		24		2,179
Donaldson Co., Inc. (a)		43		1,823
Dover Corp. (a)		111		9,074
EnPro Industries, Inc. (b)		14		1,017
ESCO Technologies, Inc.		16		563
Federal Signal Corp. (a)(b)		40		596
Flowserve Corp.		103		8,069
Graco, Inc.		35		2,616
Harsco Corp.		29		679
IDEX Corp.		60		4,373
Illinois Tool Works, Inc. (a)		221		17,974
Ingersoll-Rand PLC		197		11,276
ITT Corp.		74		3,164
John Bean Technologies Corp. (a)		4		124
Joy Global, Inc. (a)		2		116
Kennametal, Inc. (a)		41		1,816
Lincoln Electric Holdings, Inc. (a)		43		3,096
Lindsay Corp. (a)		6		529
Lydall, Inc. (a)(b)		10		229
Mueller Industries, Inc.		11		330
Nordson Corp.		9		634
Oshkosh Corp. (a)		38		2,237
PACCAR, Inc. (a)		171		11,532
Pall Corp.		45		4,026
Parker Hannifin Corp. (a)		91		10,894
Pentair, Ltd.		147		11,663
Snap-On, Inc.		31		3,518
SPX Corp.		19		1,868
Standex International Corp. (a)		6		321
Stanley Black & Decker, Inc.		16		1,300
Tennant Co. (a)		15		984
Terex Corp. (a)		54		2,392
The Toro Co. (a)		40		2,528
Timken Co. (a)		5		294
Trinity Industries, Inc.		47		3,387
Valmont Industries, Inc. (a)		2		298
Wabtec Corp.		67		5,192
Watts Water Technologies, Inc. (Class A) (a)		14		822
Woodward, Inc.		24		997
Xylem, Inc.		50		1,821

				155,642

MARINE — 0.0% (d)
Kirby Corp. (a)(b)		35		3,544
Matson, Inc.		4		99

				3,643

MATERIALS — 0.2%
PPG Industries, Inc.		87		16,831

MEDIA — 5.0%
AMC Networks, Inc. (Class A) (a)(b)		16		1,169
Cablevision Systems Corp. (Class A) (a)		95		1,603
CBS Corp.		410		25,338
Cinemark Holdings, Inc.		45		1,305
Comcast Corp. (Class A)		1,589		79,482
DIRECTV (Class A) (a)(b)		256		19,563
Discovery Communications, Inc. (Series A) (b)		109		9,014
DreamWorks Animation SKG, Inc. (Class A) (a)(b)		43		1,142
Gannett Co., Inc.		181		4,996
John Wiley & Sons, Inc. (Class A) (a)		32		1,844
Lamar Advertising Co. (Class A) (a)(b)		21		1,071
Live Nation Entertainment, Inc. (b)		103		2,240
McGraw Hill Financial, Inc.		154		11,750
Meredith Corp.		26		1,207
News Corp. (Class A) (b)		94		1,619
Omnicom Group, Inc.		157		11,398
Scholastic Corp. (a)		12		414
Scripps Networks Interactive, Inc. (Class A)		58		4,403
The E.W. Scripps Co. (Class A) (a)(b)		16		284
The Interpublic Group of Cos., Inc. (a)		306		5,245
The New York Times Co. (Class A) (a)		70		1,198
The Walt Disney Co.		1,065		85,275
Time Warner Cable, Inc.		207		28,396
Time Warner, Inc. (a)		552		36,062
Twenty-First Century Fox, Inc. (a)		1,279		40,890
Viacom, Inc. (Class B)		282		23,967

				400,875

METALS & MINING — 0.4%
A.M. Castle & Co. (a)(b)		2		29
AK Steel Holding Corp. (a)(b)		2		15
Alcoa, Inc.		337		4,337
Allegheny Technologies, Inc. (a)		34		1,281
AMCOL International Corp.		10		458
Carpenter Technology Corp. (a)		19		1,255
Century Aluminum Co. (a)(b)		2		26
Cliffs Natural Resources, Inc. (a)		4		82
Commercial Metals Co.		28		529
Compass Minerals International, Inc.		2		165
Freeport-McMoRan Copper & Gold, Inc.		197		6,515
Globe Specialty Metals, Inc. (a)		4		83
Kaiser Aluminum Corp. (a)		10		714
Materion Corp.		2		68
Newmont Mining Corp.		5		117
Nucor Corp. (a)		87		4,397
Reliance Steel & Aluminum Co. (a)		21		1,484
Royal Gold, Inc. (a)		1		63
RTI International Metals, Inc. (a)(b)		19		528
Steel Dynamics, Inc. (a)		135		2,402
Stillwater Mining Co. (a)(b)		3		44
United States Steel Corp. (a)		76		2,098

158

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Worthington Industries, Inc.		49	$	1,874

				28,564

MULTI-UTILITIES — 0.6%
Alliant Energy Corp. (a)		25		1,420
Ameren Corp. (a)		35		1,442
Avista Corp. (a)		12		368
Black Hills Corp.		32		1,845
CenterPoint Energy, Inc. (a)		133		3,151
CMS Energy Corp.		51		1,493
Consolidated Edison, Inc. (a)		6		322
Dominion Resources, Inc. (a)		207		14,695
DTE Energy Co.		33		2,452
Integrys Energy Group, Inc. (a)		8		477
MDU Resources Group, Inc. (a)		107		3,671
NiSource, Inc. (a)		125		4,441
NorthWestern Corp. (a)		20		949
PG&E Corp. (a)		29		1,253
Public Service Enterprise Group, Inc. (a)		49		1,869
SCANA Corp. (a)		20		1,026
Sempra Energy		72		6,967
TECO Energy, Inc. (a)		22		377
Vectren Corp. (a)		26		1,024
Wisconsin Energy Corp. (a)		33		1,536

				50,778

MULTILINE RETAIL — 0.5%
Dollar General Corp. (b)		143		7,934
Dollar Tree, Inc. (a)(b)		127		6,627
Family Dollar Stores, Inc. (a)		18		1,044
Fred’s, Inc. (Class A) (a)		14		252
J.C. Penney Co., Inc. (a)(b)		4		34
Kohl’s Corp. (a)		72		4,090
Macy’s, Inc. (a)		209		12,392
Nordstrom, Inc. (a)		15		937
Target Corp.		67		4,054
Tuesday Morning Corp. (a)(b)		34		481

				37,845

OIL, GAS & CONSUMABLE FUELS — 5.0%
Alpha Natural Resources, Inc. (a)(b)		4		17
Anadarko Petroleum Corp.		32		2,712
Apache Corp. (a)		25		2,074
Approach Resources, Inc. (a)(b)		18		376
Arch Coal, Inc. (a)		4		19
Bill Barrett Corp. (a)(b)		38		973
Cabot Oil & Gas Corp.		292		9,893
Carrizo Oil & Gas, Inc. (a)(b)		24		1,283
Chesapeake Energy Corp. (a)		267		6,841
Chevron Corp.		283		33,652
Cimarex Energy Co.		67		7,980
Cloud Peak Energy, Inc. (b)		29		613
Comstock Resources, Inc. (a)		4		91
ConocoPhillips		490		34,471
CONSOL Energy, Inc. (a)		72		2,876
Denbury Resources, Inc. (a)		8		131
Devon Energy Corp.		56		3,748
Energen Corp.		57		4,606
EOG Resources, Inc. (a)		143		28,052
EQT Corp.		105		10,182
Exxon Mobil Corp.		1,010		98,657
Forest Oil Corp. (a)(b)		2		4
Gulfport Energy Corp. (a)(b)		64		4,556
Hess Corp.		102		8,454
HollyFrontier Corp. (a)		13		619
Kinder Morgan, Inc. (a)		43		1,397
Marathon Oil Corp.		73		2,593
Marathon Petroleum Corp.		99		8,617
Murphy Oil Corp.		71		4,463
Newfield Exploration Co. (a)(b)		2		63
Noble Energy, Inc.		159		11,295
Northern Oil and Gas, Inc. (a)(b)		2		29
Occidental Petroleum Corp.		119		11,340
ONEOK, Inc. (a)		109		6,458
PDC Energy, Inc. (a)(b)		24		1,494
Peabody Energy Corp. (a)		6		98
Penn Virginia Corp. (a)(b)		10		175
PetroQuest Energy, Inc. (a)(b)		4		23
Phillips 66 (a)		290		22,347
Pioneer Natural Resources Co. (a)		114		21,334
Range Resources Corp.		59		4,895
Rosetta Resources, Inc. (a)(b)		1		47
SM Energy Co.		47		3,351
Southwestern Energy Co. (a)(b)		52		2,393
Spectra Energy Corp. (a)		352		13,003
Stone Energy Corp. (a)(b)		31		1,301
Tesoro Corp.		43		2,175
The Williams Cos., Inc. (a)		127		5,154
Valero Energy Corp.		239		12,691
World Fuel Services Corp. (a)		2		88
WPX Energy, Inc. (a)(b)		71		1,280

				400,984

PAPER & FOREST PRODUCTS — 0.2%
Clearwater Paper Corp. (a)(b)		12		752
Deltic Timber Corp. (a)		2		130
Domtar Corp.		4		449
International Paper Co.		140		6,423
KapStone Paper and Packaging Corp. (a)(b)		52		1,500
Louisiana-Pacific Corp. (a)(b)		27		456
Neenah Paper, Inc. (a)		14		724
P.H. Glatfelter Co.		29		789
Schweitzer-Mauduit International, Inc.		27		1,150
Wausau Paper Corp. (a)		24		306
Weyerhaeuser Co.		61		1,790

				14,469

PERSONAL PRODUCTS — 0.1%
Avon Products, Inc.		27		395
Inter Parfums, Inc. (a)		2		73
Medifast, Inc. (a)(b)		10		291
The Estee Lauder Cos., Inc. (Class A)		91		6,086

				6,845

PHARMACEUTICALS — 5.4%
AbbVie, Inc.		1,104		56,746
Actavis PLC (b)		143		29,437
Akorn, Inc. (a)(b)		55		1,210
Allergan, Inc.		31		3,847
Bristol-Myers Squibb Co.		1,211		62,911
Eli Lilly & Co.		63		3,708
Endo International PLC (b)		111		7,620
Forest Laboratories, Inc. (b)		185		17,070

159

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Hospira, Inc. (b)		53	$	2,292
Johnson & Johnson		1,247		122,493
Mallinckrodt PLC (a)(b)		6		380
Merck & Co., Inc.		799		45,359
Mylan, Inc. (a)(b)		282		13,770
Perrigo Co. PLC (a)		98		15,157
Pfizer, Inc. (a)		1,227		39,411
Prestige Brands Holdings, Inc. (a)(b)		40		1,090
Questcor Pharmaceuticals, Inc. (a)		45		2,922
Salix Pharmaceuticals, Ltd. (a)(b)		51		5,284
The Medicines Co. (a)(b)		38		1,080
Zoetis, Inc.		52		1,505

				433,292

PROFESSIONAL SERVICES — 0.4%
CDI Corp. (a)		10		171
Dun & Bradstreet Corp.		28		2,782
Equifax, Inc.		33		2,245
Exponent, Inc. (a)		6		450
FTI Consulting, Inc. (a)(b)		21		700
Insperity, Inc. (a)		17		527
Korn/Ferry International (b)		45		1,340
Manpower, Inc. (a)		65		5,124
Navigant Consulting, Inc. (a)(b)		50		933
Nielsen Holdings NV		165		7,364
On Assignment, Inc. (a)(b)		36		1,389
Resources Connection, Inc. (a)		20		282
Robert Half International, Inc.		44		1,846
The Corporate Executive Board Co.		24		1,781
Towers Watson & Co. (Class A) (a)		53		6,045
TrueBlue, Inc. (b)		18		527
WageWorks, Inc. (b)		28		1,571

				35,077

REAL ESTATE INVESTMENT TRUSTS — 0.6%
Acadia Realty Trust (a)		24		633
Alexandria Real Estate Equities, Inc.		9		653
American Campus Communities, Inc.		2		75
American Tower Corp.		41		3,357
Apartment Investment & Management Co. (Class A)		9		272
AvalonBay Communities, Inc. (a)		7		919
BioMed Realty Trust, Inc.		20		410
Boston Properties, Inc.		9		1,031
BRE Properties, Inc.		14		879
Camden Property Trust		5		337
Cedar Realty Trust, Inc.		40		244
Coresite Realty Corp. (a)		16		496
Corporate Office Properties Trust (a)		5		133
Corrections Corp. of America (a)		12		376
Cousins Properties, Inc. (a)		71		814
Crown Castle International Corp.		21		1,549
DiamondRock Hospitality Co. (a)		103		1,210
Duke Realty Corp.		21		355
EastGroup Properties, Inc. (a)		3		189
EPR Properties		18		961
Equity One, Inc. (a)		4		89
Equity Residential (a)		7		406
Essex Property Trust, Inc.		1		170
Extra Space Storage, Inc.		16		776
Federal Realty Investment Trust (a)		4		459
Franklin Street Properties Corp. (a)		50		630
General Growth Properties, Inc.		57		1,254
Getty Realty Corp. (a)		10		189
Government Properties Income Trust (a)		22		554
HCP, Inc.		9		349
Health Care REIT, Inc.		6		358
Healthcare Realty Trust, Inc.		17		411
Highwoods Properties, Inc. (a)		19		730
Home Properties, Inc. (a)		12		721
Hospitality Properties Trust (a)		28		804
Host Hotels & Resorts, Inc. (a)		207		4,190
Inland Real Estate Corp. (a)		32		338
Kilroy Realty Corp. (a)		5		293
Kimco Realty Corp. (a)		26		569
Kite Realty Group Trust		40		240
LaSalle Hotel Properties (a)		39		1,221
Lexington Realty Trust (a)		13		142
Liberty Property Trust		3		111
LTC Properties, Inc.		12		452
Mack-Cali Realty Corp.		8		166
Medical Properties Trust, Inc. (a)		37		473
Mid-America Apartment Communities, Inc. (a)		1		68
National Retail Properties, Inc. (a)		18		618
OMEGA Healthcare Investors, Inc.		39		1,307
Parkway Properties, Inc.		33		602
Pennsylvania Real Estate Investment Trust		42		758
Plum Creek Timber Co., Inc.		11		462
Post Properties, Inc.		6		295
Potlatch Corp.		6		232
ProLogis (a)		11		449
PS Business Parks, Inc.		10		836
Public Storage		9		1,516
Rayonier, Inc.		3		138
Realty Income Corp. (a)		5		204
Regency Centers Corp.		2		102
Saul Centers, Inc.		8		379
Senior Housing Properties Trust		4		90
Simon Property Group, Inc. (a)		7		1,148
SL Green Realty Corp. (a)		22		2,214
Sovran Self Storage, Inc.		2		147
Tanger Factory Outlet Centers, Inc. (a)		14		490
Taubman Centers, Inc.		9		637
The Macerich Co.		9		561
UDR, Inc.		38		982
Universal Health Realty Income Trust (a)		8		338
Urstadt Biddle Properties, Inc. (Class A) (a)		10		207
Ventas, Inc.		6		363
Vornado Realty Trust		18		1,774
Weingarten Realty Investors (a)		7		210

				48,115

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1%
Alexander & Baldwin, Inc.		12		511
CBRE Group, Inc. (b)		88		2,414
Forestar Group, Inc. (b)		20		356
Jones Lang LaSalle, Inc.		10		1,185

				4,466

ROAD & RAIL — 1.1%
Con-way, Inc. (a)		25		1,027

160

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

CSX Corp.		533	$	15,441
Genesee & Wyoming, Inc. (Class A) (a)(b)		9		876
Heartland Express, Inc. (a)		4		91
J.B. Hunt Transport Services, Inc.		21		1,510
Kansas City Southern		58		5,919
Knight Transportation, Inc. (a)		4		93
Landstar System, Inc.		8		474
Norfolk Southern Corp.		175		17,005
Old Dominion Freight Line, Inc. (b)		38		2,156
Ryder Systems, Inc. (a)		29		2,318
Union Pacific Corp.		225		42,223
Werner Enterprises, Inc. (a)		2		51

				89,184

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.4%
Advanced Energy Industries, Inc. (a)(b)		22		539
Advanced Micro Devices, Inc. (a)(b)		503		2,017
Altera Corp. (a)		20		725
Analog Devices, Inc.		85		4,517
Applied Materials, Inc.		734		14,988
Atmel Corp. (a)(b)		99		828
ATMI, Inc. (a)(b)		2		68
Broadcom Corp. (Class A) (a)		11		346
Brooks Automation, Inc.		2		22
Cabot Microelectronics Corp. (a)(b)		14		616
Cirrus Logic, Inc. (a)(b)		1		20
Cree, Inc. (a)(b)		79		4,468
Cypress Semiconductor Corp. (a)(b)		2		21
Diodes, Inc. (b)		23		601
DSP Group, Inc. (a)(b)		2		17
Entropic Communications, Inc. (b)		10		41
Exar Corp. (a)(b)		28		335
Fairchild Semiconductor International, Inc. (a)(b)		41		565
First Solar, Inc. (b)		47		3,280
GT Advanced Technologies, Inc. (a)(b)		102		1,739
Hittite Microwave Corp. (a)		6		378
Integrated Device Technology, Inc. (a)(b)		113		1,382
Intel Corp.		2,195		56,653
International Rectifier Corp. (a)(b)		55		1,507
Intersil Corp. (Class A)		99		1,279
KLA-Tencor Corp. (a)		53		3,664
Kopin Corp. (b)		4		15
Kulicke & Soffa Industries, Inc. (a)(b)		14		177
Lam Research Corp. (a)(b)		79		4,345
Linear Technology Corp. (a)		93		4,528
LSI Corp.		424		4,694
Micrel, Inc. (a)		4		44
Microchip Technology, Inc. (a)		112		5,349
Micron Technology, Inc. (a)(b)		831		19,661
Microsemi Corp. (b)		41		1,026
MKS Instruments, Inc. (a)		6		179
Monolithic Power Systems, Inc. (b)		24		931
NVIDIA Corp. (a)		329		5,892
Pericom Semiconductor Corp. (a)(b)		4		31
Power Integrations, Inc.		25		1,645
Rubicon Technology, Inc. (b)		2		23
Rudolph Technologies, Inc. (a)(b)		24		274
Semtech Corp. (a)(b)		21		532
Silicon Laboratories, Inc. (b)		15		784
Skyworks Solutions, Inc. (a)(b)		51		1,914
SunEdison, Inc. (a)(b)		188		3,542
Supertex, Inc. (a)(b)		2		66
Synaptics, Inc. (a)(b)		22		1,320
Teradyne, Inc. (b)		28		557
Tessera Technologies, Inc.		27		638
Texas Instruments, Inc.		575		27,111
TriQuint Semiconductor, Inc. (a)(b)		129		1,727
Ultratech, Inc. (a)(b)		20		584
Veeco Instruments, Inc. (a)(b)		3		126
Xilinx, Inc.		119		6,458

				194,789

SOFTWARE — 3.8%
ACI Worldwide, Inc. (b)		24		1,421
Adobe Systems, Inc. (b)		362		23,798
Advent Software, Inc. (a)		23		675
Ansys, Inc. (b)		25		1,925
Autodesk, Inc. (b)		117		5,754
Blackbaud, Inc. (a)		36		1,127
Bottomline Technologies, Inc. (a)(b)		23		808
CA, Inc.		201		6,225
Cadence Design Systems, Inc. (a)(b)		42		653
Citrix Systems, Inc. (b)		4		230
CommVault Systems, Inc. (b)		1		65
Compuware Corp.		14		147
Concur Technologies, Inc. (a)(b)		37		3,666
Ebix, Inc. (a)		22		376
Electronic Arts, Inc. (a)(b)		215		6,237
EPIQ Systems, Inc.		2		27
FactSet Research Systems, Inc. (a)		11		1,186
Fair Isaac Corp.		21		1,162
Informatica Corp. (b)		16		604
Interactive Intelligence Group (a)(b)		15		1,087
Intuit, Inc. (a)		90		6,996
Manhattan Associates, Inc. (a)(b)		56		1,962
Mentor Graphics Corp.		66		1,453
MICROS Systems, Inc. (b)		27		1,429
Microsoft Corp.		4,632		189,866
MicroStrategy, Inc. (b)		2		231
Monotype Imaging Holdings, Inc. (a)		39		1,175
Netscout Systems, Inc. (a)(b)		5		188
Oracle Corp. (a)		369		15,096
Progress Software Corp. (b)		29		632
PTC, Inc. (b)		78		2,764
Quality Systems, Inc. (a)		23		388
Red Hat, Inc. (a)(b)		12		636
Rovi Corp. (b)		19		433
Salesforce.com, Inc. (a)(b)		245		13,987
SolarWinds, Inc. (b)		1		43
Solera Holdings, Inc. (a)		33		2,090
Symantec Corp. (a)		103		2,057
Synchronoss Technologies, Inc. (a)(b)		21		720
Synopsys, Inc. (b)		42		1,613
Take-Two Interactive Software, Inc. (a)(b)		83		1,820
Tangoe, Inc. (a)(b)		27		502
TIBCO Software, Inc. (a)(b)		3		61
Tyler Technologies, Inc. (a)(b)		25		2,092

161

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Vasco Data Security International (a)(b)		10	$	75

				305,482

SPECIALTY RETAIL — 2.5%
Aaron’s, Inc. (a)		10		302
Abercrombie & Fitch Co. (Class A)		1		38
Advance Auto Parts, Inc.		53		6,704
Aeropostale, Inc. (a)(b)		8		40
American Eagle Outfitters, Inc. (a)		11		135
ANN, Inc. (a)(b)		9		373
Ascena Retail Group, Inc. (a)(b)		29		501
AutoNation, Inc. (b)		4		213
AutoZone, Inc. (b)		17		9,131
Barnes & Noble, Inc. (a)(b)		6		125
Bed Bath & Beyond, Inc. (b)		124		8,531
Best Buy Co., Inc. (a)		222		5,863
Big 5 Sporting Goods Corp. (a)		12		193
Brown Shoe Co., Inc.		34		902
Cabela’s, Inc. (a)(b)		21		1,376
CarMax, Inc. (a)(b)		61		2,855
Chico’s FAS, Inc.		3		48
Christopher & Banks Corp. (b)		8		53
CST Brands, Inc. (a)		37		1,156
Dick’s Sporting Goods, Inc. (a)		23		1,256
Foot Locker, Inc. (a)		28		1,315
GameStop Corp. (Class A) (a)		97		3,987
Genesco, Inc. (a)(b)		8		597
Group 1 Automotive, Inc. (a)		4		263
Guess?, Inc.		31		856
Haverty Furniture Cos., Inc. (a)		10		297
Hibbett Sports, Inc. (a)(b)		3		159
Jos. A. Bank Clothiers, Inc. (b)		3		193
L Brands, Inc. (a)		118		6,699
Lithia Motors, Inc. (Class A)		16		1,063
Lowe’s Cos., Inc.		506		24,743
Lumber Liquidators Holdings, Inc. (a)(b)		22		2,064
MarineMax, Inc. (a)(b)		4		61
Monro Muffler Brake, Inc. (a)		20		1,138
Murphy USA, Inc. (a)(b)		17		690
O’Reilly Automotive, Inc. (b)		65		9,645
Office Depot, Inc. (a)(b)		151		624
Outerwall, Inc. (a)(b)		12		870
Pep Boys-Manny, Moe & Jack (a)(b)		2		25
PetSmart, Inc. (a)		15		1,033
Rent-A-Center, Inc. (a)		12		319
Ross Stores, Inc.		77		5,509
Select Comfort Corp. (a)(b)		13		235
Signet Jewelers, Ltd.		32		3,388
Sonic Automotive, Inc. (Class A) (a)		22		495
Stage Stores, Inc. (a)		22		538
Staples, Inc. (a)		209		2,370
Stein Mart, Inc. (a)		12		168
The Buckle, Inc. (a)		5		229
The Cato Corp. (Class A) (a)		12		324
The Children’s Place Retail Stores, Inc. (a)		1		50
The Finish Line, Inc. (Class A)		18		488
The Gap, Inc.		64		2,564
The Home Depot, Inc.		503		39,802
The Men’s Wearhouse, Inc. (a)		35		1,714
Tiffany & Co.		72		6,203
TJX Cos., Inc.		464		28,142
Tractor Supply Co. (a)		103		7,275
Urban Outfitters, Inc. (b)		11		401
Vitamin Shoppe, Inc. (a)(b)		5		238
Williams-Sonoma, Inc. (a)		35		2,332
Zale Corp. (a)(b)		22		460
Zumiez, Inc. (a)(b)		10		242

				199,603

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.7%
3D Systems Corp. (a)(b)		77		4,555
Apple, Inc.		357		191,616
Diebold, Inc. (a)		12		479
Electronics for Imaging, Inc. (a)(b)		35		1,516
EMC Corp.		130		3,563
Hewlett-Packard Co.		1,495		48,378
Lexmark International, Inc. (Class A) (a)		51		2,361
NCR Corp. (b)		53		1,937
NetApp, Inc.		65		2,398
QLogic Corp. (a)(b)		2		25
SanDisk Corp. (a)		145		11,773
Seagate Technology PLC (a)		245		13,759
Western Digital Corp.		173		15,885

				298,245

TEXTILES, APPAREL & LUXURY GOODS — 1.3%
Carter’s, Inc.		15		1,165
Coach, Inc.		53		2,632
Crocs, Inc. (b)		6		94
Deckers Outdoor Corp. (a)(b)		29		2,312
Fossil Group, Inc. (b)		9		1,049
G-III Apparel Group, Ltd. (a)(b)		13		930
Hanesbrands, Inc.		75		5,736
Iconix Brand Group, Inc. (a)(b)		44		1,728
Kate Spade & Co. (a)(b)		89		3,301
Michael Kors Holdings, Ltd. (a)(b)		117		10,913
Movado Group, Inc. (a)		14		638
NIKE, Inc. (Class B)		518		38,259
Oxford Industries, Inc. (a)		10		782
PVH Corp.		15		1,872
Quiksilver, Inc. (a)(b)		102		766
Ralph Lauren Corp.		6		966
Skechers U.S.A., Inc. (b)		28		1,023
Steven Madden, Ltd. (a)(b)		24		863
Under Armour, Inc. (Class A) (a)(b)		59		6,764
V.F. Corp.		274		16,955
Wolverine World Wide, Inc. (a)		65		1,856

				100,604

THRIFTS & MORTGAGE FINANCE — 0.1%
Astoria Financial Corp. (a)		44		608
Bank Mutual Corp. (a)		30		190
BofI Holding, Inc. (a)(b)		10		858
Brookline Bancorp, Inc.		16		151
Dime Community Bancshares (a)		16		272
Hudson City Bancorp, Inc.		90		885
New York Community Bancorp, Inc. (a)		232		3,728
Northwest Bancshares, Inc. (a)		14		204
Oritani Financial Corp. (a)		18		285
People’s United Financial, Inc. (a)		129		1,918
Provident Financial Services, Inc. (a)		28		514

162

SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

TrustCo Bank Corp. NY (a)		46	$	324
Washington Federal, Inc.		51		1,188

				11,125

TOBACCO — 0.6%
Alliance One International, Inc. (a)(b)		40		117
Altria Group, Inc.		546		20,437
Lorillard, Inc.		209		11,303
Philip Morris International, Inc.		101		8,269
Reynolds American, Inc.		86		4,594
Universal Corp. (a)		12		670

				45,390

TRADING COMPANIES & DISTRIBUTORS — 0.2%
Applied Industrial Technologies, Inc.		8		386
DXP Enterprises, Inc. (a)(b)		8		759
Fastenal Co. (a)		6		296
GATX Corp. (a)		15		1,018
Kaman Corp. (a)		6		244
MSC Industrial Direct Co., Inc. (Class A) (a)		9		779
United Rentals, Inc. (a)(b)		65		6,171
W.W. Grainger, Inc.		17		4,295
Watsco, Inc. (a)		16		1,599

				15,547

WATER UTILITIES — 0.0% (d)
American States Water Co.		24		775
Aqua America, Inc. (a)		26		652

				1,427

WIRELESS TELECOMMUNICATION SERVICES — 0.0% (d)
Telephone & Data Systems, Inc.		6		157
USA Mobility, Inc. (a)		2		37

				194

TOTAL COMMON STOCKS —
(Cost $6,545,420)				7,975,899

SHORT TERM INVESTMENTS — 33.3%
MONEY MARKET FUNDS — 33.3%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		2,648,258		2,648,258
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		8,877		8,877

TOTAL SHORT TERM INVESTMENTS —
(Cost $2,657,135)				2,657,135

TOTAL INVESTMENTS — 133.1% (h)
(Cost $9,202,555)				10,633,034
OTHER ASSETS & LIABILITIES — (33.1)%				(2,642,629	)

NET ASSETS — 100.0%			$	7,990,405


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(d)		Amount shown represents less than 0.05% of net assets.
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

163

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.7%
AEROSPACE & DEFENSE — 2.8%
AAR Corp. (a)		55	$	1,427
Aerovironment, Inc. (a)(b)		6		242
Alliant Techsystems, Inc. (a)		19		2,701
American Science & Engineering, Inc. (a)		2		134
BE Aerospace, Inc. (b)		19		1,649
Cubic Corp.		10		511
Curtiss-Wright Corp.		22		1,398
Engility Holdings, Inc. (a)(b)		24		1,081
Esterline Technologies Corp. (b)		14		1,492
Exelis, Inc.		172		3,270
GenCorp, Inc. (a)(b)		32		585
General Dynamics Corp.		194		21,130
Honeywell International, Inc.		184		17,068
Huntington Ingalls Industries, Inc.		30		3,068
L-3 Communications Holdings, Inc. (a)		123		14,532
Lockheed Martin Corp.		157		25,629
Moog, Inc. (Class A) (b)		22		1,441
National Presto Industries, Inc.		4		312
Northrop Grumman Corp.		185		22,825
Orbital Sciences Corp. (b)		32		893
Precision Castparts Corp.		18		4,550
Raytheon Co. (a)		205		20,252
Rockwell Collins, Inc. (a)		36		2,868
Teledyne Technologies, Inc. (b)		14		1,363
Textron, Inc. (a)		108		4,243
The Boeing Co.		284		35,639
Triumph Group, Inc.		18		1,162
United Technologies Corp.		319		37,272

				228,737

AIR FREIGHT & LOGISTICS — 0.7%
Atlas Air Worldwide Holdings, Inc. (a)(b)		26		917
C.H. Robinson Worldwide, Inc. (a)		44		2,305
Expeditors International of Washington, Inc.		44		1,744
FedEx Corp.		159		21,077
Forward Air Corp.		6		277
HUB Group, Inc. (Class A) (b)		14		560
United Parcel Service, Inc. (Class B)		293		28,532
UTI Worldwide, Inc. (a)		50		529

				55,941

AIRLINES — 0.2%
Alaska Air Group, Inc.		29		2,706
Allegiant Travel Co.		6		672
JetBlue Airways Corp. (a)(b)		248		2,155
SkyWest, Inc. (a)		56		715
Southwest Airlines Co. (a)		394		9,302

				15,550

AUTO COMPONENTS — 0.5%
BorgWarner, Inc.		52		3,196
Delphi Automotive PLC		120		8,143
Drew Industries, Inc. (a)		8		434
Gentex Corp.		32		1,009
Johnson Controls, Inc.		357		16,893
Spartan Motors, Inc. (a)		22		113
Standard Motor Products, Inc. (a)		14		501
Superior Industries International, Inc.		16		328
The Goodyear Tire & Rubber Co. (a)		348		9,093

				39,710

AUTOMOBILES — 0.7%
Ford Motor Co. (a)		3,345		52,182
Harley-Davidson, Inc.		47		3,131
Thor Industries, Inc.		24		1,465
Winnebago Industries, Inc. (a)(b)		10		274

				57,052

BANKS — 9.4%
Associated Banc-Corp. (a)		82		1,481
BancorpSouth, Inc. (a)		60		1,498
Bank of America Corp. (a)		8,974		154,353
Bank of Hawaii Corp. (a)		20		1,212
Bank of the Ozarks, Inc. (a)		8		545
BB&T Corp.		441		17,715
BBCN Bancorp, Inc. (a)		18		309
Boston Private Financial Holdings, Inc. (a)		26		352
Cathay General Bancorp (a)		26		655
Citigroup, Inc.		1,905		90,678
City Holding Co. (a)		8		359
City National Corp.		20		1,574
Columbia Banking System, Inc. (a)		12		342
Comerica, Inc. (a)		92		4,766
Commerce Bancshares, Inc.		33		1,532
Community Bank System, Inc. (a)		16		624
Cullen/Frost Bankers, Inc.		28		2,171
CVB Financial Corp. (a)		42		668
East West Bancorp, Inc.		44		1,606
F.N.B. Corp.		76		1,018
Fifth Third Bancorp (a)		551		12,645
First BanCorp- Puerto Rico (b)		76		413
First Commonwealth Financial Corp. (a)		56		506
First Financial Bancorp		32		575
First Financial Bankshares, Inc. (a)		10		618
First Horizon National Corp. (a)		134		1,654
First Midwest Bancorp, Inc.		34		581
First Niagara Financial Group, Inc.		225		2,126
FirstMerit Corp.		88		1,833
Fulton Financial Corp.		88		1,107
Glacier Bancorp, Inc. (a)		34		988
Hancock Holding Co.		22		806
Hanmi Financial Corp. (a)		16		373
Home Bancshares, Inc.		16		551
Huntington Bancshares, Inc.		462		4,606
Independent Bank Corp.-Massachusetts (a)		8		315
International Bancshares Corp.		36		903
JPMorgan Chase & Co. (a)		3,200		194,272
KeyCorp		556		7,917
M&T Bank Corp. (a)		65		7,885
MB Financial, Inc. (a)		23		712
National Penn Bancshares, Inc.		54		564
NBT Bancorp, Inc. (a)		18		440
Old National Bancorp (a)		42		626
PacWest Bancorp (a)		12		516
Pinnacle Financial Partners, Inc.		16		600
PNC Financial Services Group, Inc.		333		28,971
PrivateBancorp, Inc.		28		854

164

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Prosperity Bancshares, Inc. (a)		16	$	1,058
Regions Financial Corp.		826		9,177
S&T Bancorp, Inc. (a)		16		379
Signature Bank (b)		12		1,507
Simmons First National Corp. (a)		8		298
SunTrust Banks, Inc.		315		12,534
Susquehanna Bancshares, Inc.		82		934
SVB Financial Group (b)		14		1,803
Synovus Financial Corp.		856		2,902
TCF Financial Corp.		96		1,599
Texas Capital Bancshares, Inc. (a)(b)		10		649
Tompkins Financial Corp. (a)		8		392
Trustmark Corp.		30		761
U.S. Bancorp (a)		750		32,145
UMB Financial Corp. (a)		16		1,035
Umpqua Holdings Corp. (a)		50		932
United Bankshares, Inc.		22		674
Valley National Bancorp (a)		106		1,103
ViewPoint Financial Group (a)		10		289
Webster Financial Corp.		34		1,056
Wells Fargo & Co. (a)		2,516		125,146
Westamerica Bancorporation (a)		10		541
Wilshire Bancorp, Inc. (a)		30		333
Wintrust Financial Corp. (a)		16		779
Zions Bancorporation (a)		108		3,346

				758,787

BEVERAGES — 1.2%
Beam, Inc.		42		3,499
Boston Beer Co., Inc. (Class A) (a)(b)		2		489
Brown-Forman Corp. (Class B) (a)		31		2,780
Coca-Cola Enterprises, Inc.		81		3,869
Constellation Brands, Inc. (Class A) (b)		47		3,994
Dr. Pepper Snapple Group, Inc. (a)		84		4,575
Molson Coors Brewing Co. (Class B)		92		5,415
Monster Beverage Corp. (b)		24		1,667
PepsiCo, Inc.		402		33,567
The Coca-Cola Co. (a)		999		38,621

				98,476

BIOTECHNOLOGY — 0.9%
Alexion Pharmaceuticals, Inc. (b)		24		3,651
Amgen, Inc.		154		18,994
ArQule, Inc. (a)(b)		8		16
Biogen Idec, Inc. (b)		40		12,235
Celgene Corp. (b)		51		7,120
Cubist Pharmaceuticals, Inc. (a)(b)		16		1,170
Emergent Biosolutions, Inc. (a)(b)		14		354
Gilead Sciences, Inc. (a)(b)		259		18,353
Momenta Pharmaceuticals, Inc. (b)		20		233
Regeneron Pharmaceuticals, Inc. (b)		10		3,003
United Therapeutics Corp. (a)(b)		14		1,316
Vertex Pharmaceuticals, Inc. (b)		34		2,405

				68,850

BUILDING PRODUCTS — 0.1%
A.O. Smith Corp.		16		736
AAON, Inc. (a)		9		251
Allegion PLC		34		1,774
Apogee Enterprises, Inc. (a)		18		598
Fortune Brands Home & Security, Inc.		36		1,515
Gibraltar Industries, Inc. (b)		16		302
Griffon Corp. (a)		34		406
Lennox International, Inc.		9		818
Masco Corp.		79		1,755
Quanex Building Products Corp.		14		289
Simpson Manufacturing Co., Inc.		14		495
Universal Forest Products, Inc.		12		664

				9,603

CAPITAL MARKETS — 2.6%
Affiliated Managers Group, Inc. (b)		10		2,001
Ameriprise Financial, Inc.		100		11,007
BlackRock, Inc.		51		16,039
Calamos Asset Management, Inc. (Class A) (a)		22		284
E*TRADE Financial Corp. (a)(b)		244		5,617
Eaton Vance Corp. (a)		32		1,221
Federated Investors, Inc. (Class B) (a)		44		1,344
Financial Engines, Inc.		6		305
Franklin Resources, Inc. (a)		129		6,989
Greenhill & Co., Inc. (a)		10		520
Invesco, Ltd. (a)		123		4,551
Investment Technology Group, Inc. (a)(b)		28		566
Janus Capital Group, Inc. (a)		82		891
Legg Mason, Inc. (a)		61		2,991
Morgan Stanley (a)		1,923		59,940
Northern Trust Corp.		90		5,900
Piper Jaffray Co., Inc. (a)(b)		18		824
Raymond James Financial, Inc. (a)		46		2,573
SEI Investments Co.		44		1,479
State Street Corp. (c)		142		9,876
Stifel Financial Corp. (a)(b)		16		796
SWS Group, Inc. (b)		30		224
T. Rowe Price Group, Inc.		44		3,623
The Bank of New York Mellon Corp. (a)		606		21,386
The Charles Schwab Corp. (a)		272		7,434
The Goldman Sachs Group, Inc.		247		40,471
Virtus Investment Partners, Inc. (a)(b)		2		346
Waddell & Reed Financial, Inc. (Class A) (a)		14		1,031

				210,229

CHEMICALS — 2.1%
A. Schulman, Inc. (a)		18		653
Air Products & Chemicals, Inc.		86		10,237
Airgas, Inc.		14		1,491
Albemarle Corp. (a)		24		1,594
American Vanguard Corp. (a)		6		130
Ashland, Inc.		40		3,979
Balchem Corp. (a)		4		209
Cabot Corp.		51		3,012
Calgon Carbon Corp. (a)(b)		18		393
CF Industries Holdings, Inc.		22		5,734
Cytec Industries, Inc. (a)		8		781
E. I. du Pont de Nemours & Co. (a)		382		25,632
Eastman Chemical Co.		40		3,448
Ecolab, Inc.		49		5,292
FMC Corp.		28		2,144
H.B. Fuller Co. (a)		16		773
Hawkins, Inc. (a)		4		147
International Flavors & Fragrances, Inc.		14		1,339
Intrepid Potash, Inc. (a)(b)		22		340

165

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Koppers Holdings, Inc. (a)		10	$	412
Kraton Performance Polymers, Inc. (b)		18		471
LSB Industries, Inc. (a)(b)		8		299
LyondellBasell Industries NV		365		32,463
Minerals Technologies, Inc.		12		775
Monsanto Co.		91		10,353
NewMarket Corp.		4		1,563
Olin Corp. (a)		44		1,215
OM Group, Inc.		50		1,661
PolyOne Corp. (a)		23		843
Praxair, Inc. (a)		66		8,644
Quaker Chemical Corp.		6		473
RPM International, Inc.		58		2,427
Sensient Technologies Corp.		20		1,128
Sigma-Aldrich Corp.		24		2,241
Stepan Co. (a)		8		517
The Dow Chemical Co. (a)		499		24,246
The Mosaic Co.		187		9,350
The Scotts Miracle-Gro Co. (Class A) (a)		18		1,103
The Sherwin-Williams Co.		18		3,548
Tredegar Corp. (a)		14		322
Valspar Corp.		24		1,731
Zep, Inc. (a)		10		177

				173,290

COMMERCIAL SERVICES & SUPPLIES — 0.8%
ABM Industries, Inc. (a)		70		2,012
Avery Dennison Corp.		54		2,736
Cintas Corp. (a)		48		2,861
Clean Harbors, Inc. (a)(b)		12		657
Copart, Inc. (b)		34		1,237
Deluxe Corp.		16		840
G & K Services, Inc. (Class A)		10		612
Healthcare Services Group, Inc. (a)		18		523
Herman Miller, Inc. (a)		20		643
HNI Corp.		22		804
Interface, Inc. (a)		18		370
Iron Mountain, Inc.		52		1,434
Mobile Mini, Inc. (a)		16		694
MSA Safety, Inc.		12		684
Pitney Bowes, Inc. (a)		286		7,433
R.R. Donnelley & Sons Co.		267		4,779
Republic Services, Inc.		163		5,568
Rollins, Inc.		28		847
Stericycle, Inc. (b)		18		2,045
Tetra Tech, Inc. (a)(b)		26		769
The ADT Corp. (a)		27		809
The Brink’s Co. (a)		52		1,485
The Geo Group, Inc. (a)		15		484
Tyco International, Ltd.		273		11,575
UniFirst Corp.		8		880
United Stationers, Inc. (a)		30		1,232
Viad Corp.		12		288
Waste Connections, Inc.		32		1,403
Waste Management, Inc. (a)		234		9,844

				65,548

COMMUNICATIONS EQUIPMENT — 0.9%
ADTRAN, Inc. (a)		16		391
Arris Group, Inc. (a)(b)		50		1,409
Bel Fuse, Inc. (Class B) (a)		6		131
Black Box Corp. (a)		12		292
Ciena Corp. (a)(b)		22		500
Cisco Systems, Inc. (a)		1,432		32,091
Comtech Telecommunications Corp.		10		319
Digi International, Inc. (a)(b)		12		122
F5 Networks, Inc. (a)(b)		12		1,279
Harmonic, Inc. (b)		42		300
Harris Corp. (a)		54		3,951
JDS Uniphase Corp. (a)(b)		60		840
Juniper Networks, Inc. (a)(b)		174		4,482
Motorola Solutions, Inc. (a)		54		3,472
Netgear, Inc. (a)(b)		12		405
Oplink Communications, Inc. (a)(b)		8		144
PC-Tel, Inc. (a)		6		52
Plantronics, Inc. (a)		10		444
Polycom, Inc. (a)(b)		50		686
QUALCOMM, Inc. (a)		293		23,106
Riverbed Technology, Inc. (a)(b)		25		493
ViaSat, Inc. (a)(b)		10		690

				75,599

CONSTRUCTION & ENGINEERING — 0.3%
Aecom Technology Corp. (a)(b)		49		1,576
Aegion Corp. (a)(b)		18		456
Comfort Systems USA, Inc. (a)		28		427
Dycom Industries, Inc. (a)(b)		14		443
EMCOR Group, Inc.		27		1,263
Fluor Corp.		80		6,218
Granite Construction, Inc. (a)		20		799
Jacobs Engineering Group, Inc. (b)		70		4,445
KBR, Inc.		70		1,868
Orion Marine Group, Inc. (a)(b)		16		201
Quanta Services, Inc. (b)		88		3,247
URS Corp. (a)		56		2,635

				23,578

CONSTRUCTION MATERIALS — 0.1%
Eagle Materials, Inc.		10		887
Headwaters, Inc. (b)		40		528
Martin Marietta Materials, Inc.		14		1,797
Texas Industries, Inc. (a)(b)		6		538
Vulcan Materials Co.		27		1,794

				5,544

CONSUMER FINANCE — 1.0%
American Express Co.		344		30,970
Capital One Financial Corp.		341		26,312
Cash America International, Inc. (a)		16		620
Discover Financial Services		186		10,823
Encore Capital Group, Inc. (a)(b)		12		548
Ezcorp, Inc. (Class A) (b)		18		194
First Cash Financial Services, Inc. (a)(b)		4		202
Portfolio Recovery Associates, Inc. (a)(b)		18		1,041
SLM Corp.		244		5,973
World Acceptance Corp. (a)(b)		8		601

				77,284

CONTAINERS & PACKAGING — 0.3%
AptarGroup, Inc.		20		1,322
Ball Corp.		54		2,960
Bemis Co., Inc.		56		2,197
Greif, Inc. (Class A)		32		1,680
MeadWestvaco Corp.		84		3,162

166

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Myers Industries, Inc.		14	$	279
Owens-Illinois, Inc. (b)		88		2,977
Packaging Corp. of America		26		1,829
Rock-Tenn Co. (Class A)		24		2,534
Sealed Air Corp. (a)		94		3,090
Silgan Holdings, Inc.		24		1,188
Sonoco Products Co.		54		2,215

				25,433

DISTRIBUTORS — 0.1%
Genuine Parts Co. (a)		58		5,037
LKQ Corp. (b)		60		1,581
Pool Corp. (a)		14		858
VOXX International Corp. (a)(b)		20		274

				7,750

DIVERSIFIED CONSUMER SERVICES — 0.2%
American Public Education, Inc. (a)(b)		4		140
Apollo Education Group, Inc. (a)(b)		137		4,691
Capella Education Co. (a)		6		379
Career Education Corp. (b)		56		418
DeVry Education Group, Inc. (a)		32		1,356
Graham Holdings Co. (Class B)		6		4,222
H&R Block, Inc.		71		2,143
Hillenbrand, Inc. (a)		26		841
ITT Educational Services, Inc. (a)(b)		12		344
Matthews International Corp. (Class A) (a)		12		490
Regis Corp. (a)		38		521
Service Corp. International (a)		46		914
Sotheby’s (a)		16		697
Strayer Education, Inc. (b)		6		279
Universal Technical Institute, Inc.		10		130

				17,565

DIVERSIFIED FINANCIAL SERVICES — 1.8%
Berkshire Hathaway, Inc. (Class B) (a)(b)		973		121,596
CBOE Holdings, Inc.		14		792
CME Group, Inc.		166		12,286
Interactive Brokers Group, Inc. (Class A)		44		954
IntercontinentalExchange Group, Inc.		23		4,550
Leucadia National Corp. (a)		120		3,360
Moody’s Corp. (a)		33		2,618
MSCI, Inc. (Class A) (a)(b)		18		774
The NASDAQ OMX Group, Inc.		62		2,290

				149,220

DIVERSIFIED TELECOMMUNICATION SERVICES — 3.0%
AT&T, Inc.		3,076		107,875
Atlantic Tele-Network, Inc. (a)		10		659
Cbeyond, Inc. (b)		20		145
CenturyLink, Inc. (a)		339		11,133
Cincinnati Bell, Inc. (a)(b)		128		443
Frontier Communications Corp. (a)		1,367		7,792
General Communication, Inc. (Class A) (a)(b)		36		411
Lumos Networks Corp. (a)		4		54
tw telecom, Inc. (a)(b)		50		1,563
Verizon Communications, Inc.		2,246		106,842
Windstream Holdings, Inc. (a)		809		6,666

				243,583

ELECTRIC UTILITIES — 2.2%
ALLETE, Inc. (a)		20		1,049
American Electric Power Co., Inc.		255		12,918
Cleco Corp.		26		1,315
Duke Energy Corp.		265		18,873
Edison International (a)		176		9,963
El Paso Electric Co.		18		643
Entergy Corp. (a)		244		16,312
Exelon Corp. (a)		721		24,197
FirstEnergy Corp. (a)		245		8,337
Great Plains Energy, Inc. (a)		100		2,704
Hawaiian Electric Industries, Inc. (a)		58		1,474
IDACORP, Inc. (a)		28		1,553
NextEra Energy, Inc. (a)		173		16,542
Northeast Utilities (a)		82		3,731
OGE Energy Corp. (a)		88		3,235
Pepco Holdings, Inc. (a)		209		4,280
Pinnacle West Capital Corp.		64		3,498
PNM Resources, Inc. (a)		58		1,568
PPL Corp.		336		11,135
Southern Co. (a)		453		19,905
UIL Holdings Corp. (a)		24		884
UNS Energy Corp.		30		1,801
Westar Energy, Inc. (a)		56		1,969
Xcel Energy, Inc. (a)		199		6,042

				173,928

ELECTRICAL EQUIPMENT — 0.5%
Acuity Brands, Inc.		10		1,326
AMETEK, Inc.		30		1,545
AZZ, Inc.		8		358
Brady Corp. (Class A) (a)		20		543
Eaton Corp. PLC		111		8,338
Emerson Electric Co.		266		17,769
Encore Wire Corp. (a)		8		388
EnerSys (a)		22		1,524
Franklin Electric Co., Inc. (a)		16		680
General Cable Corp. (a)		54		1,383
Hubbell, Inc. (Class B)		18		2,158
Powell Industries, Inc. (a)		6		389
Regal-Beloit Corp.		16		1,163
Rockwell Automation, Inc.		36		4,484
Roper Industries, Inc.		12		1,602
Vicor Corp. (b)		22		224

				43,874

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.1%
Agilysys, Inc. (b)		10		134
Amphenol Corp. (Class A) (a)		19		1,741
Anixter International, Inc.		16		1,624
Arrow Electronics, Inc. (b)		145		8,607
Avnet, Inc.		188		8,748
Badger Meter, Inc. (a)		4		220
Belden, Inc. (a)		16		1,114
Benchmark Electronics, Inc. (b)		40		906
Checkpoint Systems, Inc. (a)(b)		26		349
Cognex Corp. (b)		12		406
Corning, Inc.		834		17,364
CTS Corp. (a)		16		334
Daktronics, Inc. (a)		20		288
DTS, Inc. (a)(b)		4		79

167

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Electro Scientific Industries, Inc. (a)		8	$	79
FARO Technologies, Inc. (a)(b)		2		106
FEI Co. (a)		10		1,030
FLIR Systems, Inc.		38		1,368
II-VI, Inc. (a)(b)		16		247
Ingram Micro, Inc. (Class A) (b)		209		6,178
Insight Enterprises, Inc. (b)		48		1,205
Itron, Inc. (a)(b)		18		640
Jabil Circuit, Inc.		252		4,536
Knowles Corp. (a)(b)		33		1,042
Littelfuse, Inc.		6		562
Measurement Specialties, Inc. (a)(b)		6		407
Mercury Computer Systems, Inc. (a)(b)		12		159
Methode Electronics, Inc. (Class A) (a)		18		552
Mettler-Toledo International, Inc. (b)		6		1,414
MTS Systems Corp. (a)		4		274
National Instruments Corp.		24		689
Newport Corp. (a)(b)		16		331
OSI Systems, Inc. (b)		6		359
Park Electrochemical Corp. (a)		6		179
Plexus Corp. (b)		18		721
Rofin-Sinar Technologies, Inc. (a)(b)		12		288
Rogers Corp. (b)		6		375
Scansource, Inc. (b)		16		652
SYNNEX Corp. (a)(b)		28		1,697
TE Connectivity, Ltd.		178		10,717
Tech Data Corp. (b)		42		2,560
Trimble Navigation, Ltd. (b)		52		2,021
TTM Technologies, Inc. (a)(b)		38		321
Vishay Intertechnology, Inc. (a)		96		1,428
Zebra Technologies Corp. (Class A) (b)		16		1,111

				85,162

ENERGY EQUIPMENT & SERVICES — 1.5%
Atwood Oceanics, Inc. (a)(b)		26		1,310
Baker Hughes, Inc.		177		11,508
Basic Energy Services, Inc. (a)(b)		20		548
Bristow Group, Inc. (a)		14		1,057
Cameron International Corp. (b)		55		3,397
CARBO Ceramics, Inc.		4		552
Diamond Offshore Drilling, Inc. (a)		59		2,877
Dresser-Rand Group, Inc. (a)(b)		24		1,402
Dril-Quip, Inc. (a)(b)		10		1,121
Ensco PLC (Class A) (a)		96		5,067
Era Group, Inc. (a)(b)		12		352
Exterran Holdings, Inc. (a)		41		1,799
FMC Technologies, Inc. (b)		48		2,510
Geospace Technologies Corp. (a)(b)		2		132
Gulf Island Fabrication, Inc. (a)		6		130
Halliburton Co.		266		15,665
Helix Energy Solutions Group, Inc. (a)(b)		52		1,195
Helmerich & Payne, Inc. (a)		36		3,872
Hornbeck Offshore Services, Inc. (a)(b)		10		418
ION Geophysical Corp. (a)(b)		46		194
Matrix Service Co. (a)(b)		14		473
Nabors Industries, Ltd.		194		4,782
National Oilwell Varco, Inc. (a)		133		10,357
Noble Corp. PLC (a)		104		3,405
Oceaneering International, Inc.		22		1,581
Oil States International, Inc. (a)(b)		20		1,972
Patterson-UTI Energy, Inc. (a)		67		2,122
Pioneer Energy Services Corp. (b)		36		466
Rowan Cos. PLC (a)(b)		54		1,819
Schlumberger, Ltd. (a)		294		28,665
SEACOR Holdings, Inc. (a)(b)		12		1,037
Superior Energy Services, Inc. (a)		92		2,830
Tetra Technologies, Inc. (a)(b)		42		538
Tidewater, Inc. (a)		22		1,070
Unit Corp. (a)(b)		32		2,092

				118,315

FOOD & STAPLES RETAILING — 4.1%
Casey’s General Stores, Inc. (a)		20		1,352
Costco Wholesale Corp.		180		20,103
CVS Caremark Corp.		617		46,189
Safeway, Inc. (a)		328		12,116
Spartan Stores, Inc. (a)		40		928
SUPERVALU, Inc. (a)(b)		232		1,587
Sysco Corp. (a)		308		11,128
The Andersons, Inc. (a)		26		1,540
The Kroger Co.		710		30,992
United Natural Foods, Inc. (a)(b)		20		1,418
Wal-Mart Stores, Inc.		2,212		169,063
Walgreen Co.		468		30,902
Whole Foods Market, Inc.		59		2,992

				330,310

FOOD PRODUCTS — 2.0%
Archer-Daniels-Midland Co.		896		38,878
B&G Foods, Inc. (a)		18		542
Cal-Maine Foods, Inc.		16		1,005
Calavo Growers, Inc. (a)		4		142
Campbell Soup Co. (a)		105		4,712
ConAgra Foods, Inc.		171		5,306
Darling International, Inc. (b)		38		761
Dean Foods Co. (a)		78		1,206
Diamond Foods, Inc. (a)(b)		10		349
Flowers Foods, Inc. (a)		45		965
General Mills, Inc.		201		10,416
Hain Celestial Group, Inc. (a)(b)		12		1,098
Hillshire Brands Co.		104		3,875
Hormel Foods Corp.		71		3,498
Ingredion, Inc.		30		2,042
J&J Snack Foods Corp.		6		576
Kellogg Co. (a)		134		8,403
Keurig Green Mountain, Inc.		26		2,745
Kraft Foods Group, Inc. (a)		155		8,696
Lancaster Colony Corp. (a)		8		795
McCormick & Co., Inc. (a)		27		1,937
Mead Johnson Nutrition Co.		22		1,829
Mondelez International, Inc. (Class A)		938		32,408
Post Holdings, Inc. (a)(b)		10		551
Sanderson Farms, Inc. (a)		10		785
Seneca Foods Corp. (Class A) (a)(b)		8		252
Snyders-Lance, Inc. (a)		20		564
The Hershey Co. (a)		35		3,654
The J.M. Smucker Co.		30		2,917
Tootsie Roll Industries, Inc. (a)		14		432
TreeHouse Foods, Inc. (a)(b)		14		1,008
Tyson Foods, Inc. (Class A) (a)		365		16,064
WhiteWave Foods Co. (Class A) (b)		123		3,510

				161,921

168

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

GAS UTILITIES — 0.3%
AGL Resources, Inc. (a)		69	$	3,378
Atmos Energy Corp. (a)		66		3,111
National Fuel Gas Co. (a)		36		2,521
New Jersey Resources Corp. (a)		22		1,096
Northwest Natural Gas Co. (a)		14		616
ONE Gas, Inc. (a)(b)		20		719
Piedmont Natural Gas Co., Inc.		34		1,203
Questar Corp. (a)		71		1,688
South Jersey Industries, Inc. (a)		12		673
Southwest Gas Corp. (a)		24		1,283
The Laclede Group, Inc. (a)		16		754
UGI Corp. (a)		82		3,740
WGL Holdings, Inc. (a)		30		1,202

				21,984

HEALTH CARE EQUIPMENT & SUPPLIES — 1.7%
Abaxis, Inc. (a)(b)		4		156
Abbott Laboratories		899		34,621
Align Technology, Inc. (b)		16		829
Analogic Corp. (a)		4		328
Baxter International, Inc.		128		9,418
Becton, Dickinson and Co.		54		6,322
Boston Scientific Corp. (b)		707		9,559
C.R. Bard, Inc. (a)		20		2,960
Cantel Medical Corp. (a)		9		304
CareFusion Corp. (b)		74		2,976
CONMED Corp.		12		521
Covidien PLC		111		8,176
CryoLife, Inc.		12		120
Cyberonics, Inc. (a)(b)		6		392
DENTSPLY International, Inc.		36		1,657
Edwards Lifesciences Corp. (a)(b)		24		1,780
Greatbatch, Inc. (b)		12		551
Haemonetics Corp. (a)(b)		16		521
Hill-Rom Holdings, Inc.		22		848
Hologic, Inc. (b)		76		1,634
ICU Medical, Inc. (a)(b)		4		240
IDEXX Laboratories, Inc. (a)(b)		12		1,457
Integra LifeSciences Holdings Corp. (a)(b)		10		460
Intuitive Surgical, Inc. (b)		6		2,628
Invacare Corp.		32		610
Masimo Corp. (a)(b)		8		218
Medtronic, Inc.		371		22,831
Meridian Bioscience, Inc. (a)		12		262
Merit Medical Systems, Inc. (b)		14		200
Natus Medical, Inc. (a)(b)		10		258
Neogen Corp. (b)		6		270
NuVasive, Inc. (a)(b)		16		615
ResMed, Inc. (a)		18		804
St. Jude Medical, Inc.		106		6,931
STERIS Corp. (a)		22		1,051
Stryker Corp. (a)		80		6,518
SurModics, Inc. (a)(b)		4		90
Symmetry Medical, Inc. (a)(b)		24		241
Teleflex, Inc. (a)		10		1,072
The Cooper Cos., Inc.		10		1,374
Thoratec Corp. (b)		14		501
Varian Medical Systems, Inc. (a)(b)		28		2,352
West Pharmaceutical Services, Inc. (a)		24		1,057
Zimmer Holdings, Inc.		40		3,783

				139,496

HEALTH CARE PROVIDERS & SERVICES — 3.8%
Aetna, Inc.		212		15,894
Air Methods Corp. (a)(b)		12		641
Almost Family, Inc. (a)(b)		6		139
Amedisys, Inc. (a)(b)		34		506
AmerisourceBergen Corp.		315		20,661
AMN Healthcare Services, Inc. (a)(b)		30		412
AmSurg Corp. (a)(b)		18		847
Bio-Reference Laboratories, Inc. (a)(b)		8		221
Cardinal Health, Inc.		467		32,681
Centene Corp. (b)		24		1,494
Chemed Corp. (a)		8		716
CIGNA Corp. (a)		141		11,806
Community Health Systems, Inc. (b)		135		5,288
Corvel Corp. (a)(b)		8		398
Cross Country Healthcare, Inc. (a)(b)		34		274
DaVita HealthCare Partners, Inc. (b)		60		4,131
Express Scripts Holding Co. (b)		291		21,851
Gentiva Health Services, Inc. (a)(b)		30		274
Hanger, Inc. (a)(b)		16		539
Health Net, Inc. (b)		109		3,707
Healthways, Inc. (a)(b)		36		617
Henry Schein, Inc. (b)		36		4,297
HMS Holdings Corp. (a)(b)		14		267
Humana, Inc. (a)		217		24,460
IPC The Hospitalist Co. (a)(b)		6		295
Kindred Healthcare, Inc.		58		1,358
Laboratory Corp. of America Holdings (b)		34		3,339
Landauer, Inc. (a)		4		181
LHC Group, Inc. (b)		12		265
LifePoint Hospitals, Inc. (a)(b)		36		1,964
Magellan Health Services, Inc. (b)		20		1,187
McKesson Corp.		196		34,608
MEDNAX, Inc. (b)		32		1,983
Molina Healthcare, Inc. (a)(b)		32		1,202
MWI Veterinary Supply, Inc. (a)(b)		4		623
Omnicare, Inc.		54		3,222
Owens & Minor, Inc. (a)		87		3,048
Patterson Cos., Inc. (a)		38		1,587
PharMerica Corp. (a)(b)		32		895
Quest Diagnostics, Inc. (a)		56		3,244
Tenet Healthcare Corp. (a)(b)		56		2,397
The Ensign Group, Inc. (a)		10		436
UnitedHealth Group, Inc. (a)		630		51,654
Universal Health Services, Inc. (Class B)		42		3,447
VCA Antech, Inc. (a)(b)		34		1,096
WellCare Health Plans, Inc. (b)		20		1,270
WellPoint, Inc.		387		38,526

				309,948

HEALTH CARE TECHNOLOGY — 0.1%
Allscripts Healthcare Solutions, Inc. (a)(b)		44		793
Cerner Corp. (b)		46		2,588
Computer Programs and Systems, Inc.		2		129
Medidata Solutions, Inc. (a)(b)		8		435

169

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Omnicell, Inc. (a)(b)		10	$	286

				4,231

HOTELS, RESTAURANTS & LEISURE — 1.4%
Bally Technologies, Inc. (a)(b)		12		795
BJ’s Restaurants, Inc. (b)		6		196
Bob Evans Farms, Inc. (a)		16		801
Boyd Gaming Corp. (a)(b)		62		818
Brinker International, Inc. (a)		36		1,888
Buffalo Wild Wings, Inc. (a)(b)		4		596
Carnival Corp. (a)		608		23,019
Chipotle Mexican Grill, Inc. (a)(b)		6		3,408
Cracker Barrel Old Country Store, Inc. (a)		12		1,167
Darden Restaurants, Inc. (a)		62		3,147
DineEquity, Inc.		6		468
International Game Technology		88		1,237
International Speedway Corp. (Class A) (a)		18		612
Interval Leisure Group, Inc. (a)		16		418
Jack in the Box, Inc. (b)		26		1,533
Life Time Fitness, Inc. (a)(b)		14		673
Marcus Corp.		22		367
Marriott International, Inc. (Class A) (a)		60		3,361
Marriott Vacations Worldwide Corp. (b)		20		1,118
McDonald’s Corp.		261		25,586
Monarch Casino & Resort, Inc. (a)(b)		6		111
Multimedia Games Holding Co., Inc. (a)(b)		12		349
Panera Bread Co. (Class A) (a)(b)		6		1,059
Papa John’s International, Inc. (a)		20		1,042
Pinnacle Entertainment, Inc. (a)(b)		34		806
Red Robin Gourmet Burgers, Inc. (b)		10		717
Ruby Tuesday, Inc. (a)(b)		40		224
Ruth’s Hospitality Group, Inc.		16		193
Scientific Games Corp. (Class A) (a)(b)		34		467
Sonic Corp. (a)(b)		26		593
Starbucks Corp.		91		6,678
Starwood Hotels & Resorts Worldwide, Inc.		44		3,502
Texas Roadhouse, Inc. (a)		24		626
The Cheesecake Factory, Inc. (a)		20		953
The Wendy’s Co. (a)		164		1,496
Wyndham Worldwide Corp.		32		2,343
Wynn Resorts, Ltd.		46		10,219
Yum! Brands, Inc.		94		7,087

				109,673

HOUSEHOLD DURABLES — 0.5%
Blyth, Inc. (a)		8		86
D.R. Horton, Inc. (a)		73		1,580
Ethan Allen Interiors, Inc. (a)		10		254
Garmin, Ltd. (a)		175		9,670
Harman International Industries, Inc.		24		2,554
Helen of Troy, Ltd. (b)		16		1,108
iRobot Corp. (a)(b)		8		328
Jarden Corp. (b)		42		2,513
KB Home		14		238
La-Z-Boy, Inc. (a)		22		596
Leggett & Platt, Inc. (a)		58		1,893
Lennar Corp. (Class A) (a)		28		1,109
M.D.C. Holdings, Inc. (a)		22		622
M/I Homes, Inc. (a)(b)		12		269
Meritage Homes Corp. (b)		12		503
Mohawk Industries, Inc. (b)		22		2,992
Newell Rubbermaid, Inc. (a)		75		2,242
NVR, Inc. (b)		1		1,147
Pulte Group, Inc. (a)		58		1,113
Standard Pacific Corp. (a)(b)		80		665
The Ryland Group, Inc.		18		719
Toll Brothers, Inc. (b)		50		1,795
Tupperware Brands Corp. (a)		9		754
Universal Electronics, Inc. (a)(b)		8		307
Whirlpool Corp. (a)		43		6,427

				41,484

HOUSEHOLD PRODUCTS — 1.1%
Central Garden & Pet Co. (Class A) (a)(b)		44		364
Church & Dwight Co., Inc. (a)		20		1,381
Colgate-Palmolive Co.		184		11,936
Energizer Holdings, Inc. (a)		16		1,612
Kimberly-Clark Corp.		120		13,230
The Clorox Co. (a)		31		2,728
The Procter & Gamble Co.		754		60,773
WD-40 Co.		4		310

				92,334

INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.2%
NRG Energy, Inc. (a)		175		5,565
The AES Corp.		522		7,454

				13,019

INDUSTRIAL CONGLOMERATES — 1.8%
3M Co. (a)		197		26,725
Carlisle Cos., Inc.		14		1,111
Danaher Corp. (a)		136		10,200
General Electric Co.		4,176		108,116

				146,152

INSURANCE — 6.3%
ACE, Ltd.		182		18,029
Aflac, Inc.		624		39,337
Alleghany Corp. (b)		6		2,444
American Financial Group, Inc.		63		3,636
American International Group, Inc. (a)		2,011		100,570
AMERISAFE, Inc. (a)		8		351
Aon PLC		73		6,152
Arthur J. Gallagher & Co.		42		1,998
Aspen Insurance Holdings, Ltd.		41		1,628
Assurant, Inc. (a)		96		6,236
Brown & Brown, Inc.		44		1,353
Cincinnati Financial Corp. (a)		86		4,185
eHealth, Inc. (a)(b)		6		305
Employers Holdings, Inc. (a)		16		324
Everest Re Group, Ltd. (a)		27		4,132
Fidelity National Financial, Inc. (Class A) (a)		135		4,244
First American Financial Corp. (a)		70		1,858
Genworth Financial, Inc. (Class A) (b)		675		11,968
Hartford Financial Services Group, Inc. (a)		624		22,008
HCC Insurance Holdings, Inc.		60		2,729
Horace Mann Educators Corp.		28		812

170

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Infinity Property & Casualty Corp. (a)		8	$	541
Kemper Corp.		40		1,567
Lincoln National Corp.		217		10,995
Loews Corp.		261		11,497
Marsh & McLennan Cos., Inc.		143		7,050
Meadowbrook Insurance Group, Inc. (a)		50		292
Mercury General Corp. (a)		40		1,803
MetLife, Inc.		1,531		80,837
Old Republic International Corp.		176		2,886
Primerica, Inc.		63		2,968
Principal Financial Group, Inc.		232		10,670
ProAssurance Corp.		20		891
Protective Life Corp. (a)		107		5,627
Prudential Financial, Inc.		631		53,414
Reinsurance Group of America, Inc.		101		8,043
RLI Corp. (a)		16		708
Safety Insurance Group, Inc. (a)		10		539
Selective Insurance Group, Inc.		40		933
StanCorp Financial Group, Inc. (a)		32		2,138
Stewart Information Services Corp. (a)		20		703
The Allstate Corp.		262		14,824
The Chubb Corp. (a)		106		9,466
The Hanover Insurance Group, Inc.		32		1,966
The Navigators Group, Inc. (b)		12		737
The Progressive Corp.		290		7,024
The Travelers Cos., Inc. (a)		187		15,914
Torchmark Corp. (a)		52		4,092
Tower Group International, Ltd.		29		78
United Fire Group, Inc. (a)		24		728
Unum Group (a)		227		8,015
W.R. Berkley Corp. (a)		58		2,414
XL Group PLC		135		4,219

				507,878

INTERNET & CATALOG RETAIL — 0.5%
Amazon.com, Inc. (b)		63		21,201
Blue Nile, Inc. (a)(b)		4		139
Expedia, Inc. (a)		38		2,755
FTD Cos., Inc. (a)(b)		19		604
HSN, Inc.		18		1,075
Netflix, Inc. (a)(b)		7		2,464
NutriSystem, Inc. (a)		20		302
PetMed Express, Inc. (a)		10		134
Priceline.com, Inc. (b)		6		7,151
TripAdvisor, Inc. (a)(b)		13		1,178

				37,003

INTERNET SOFTWARE & SERVICES — 1.3%
Akamai Technologies, Inc. (a)(b)		46		2,678
AOL, Inc. (a)(b)		58		2,539
Blucora, Inc. (a)(b)		14		276
comScore, Inc. (a)(b)		6		197
Conversant, Inc. (a)(b)		22		619
Dealertrack Technologies, Inc. (a)(b)		10		492
Digital River, Inc. (a)(b)		18		314
eBay, Inc. (b)		258		14,252
Equinix, Inc. (a)(b)		10		1,848
Google, Inc. (Class A) (b)		62		69,100
j2 Global, Inc. (a)		12		601
Liquidity Services, Inc. (a)(b)		4		104
LivePerson, Inc. (a)(b)		8		96
LogMeIn, Inc. (a)(b)		4		179
Monster Worldwide, Inc. (a)(b)		56		419
Perficient, Inc. (a)(b)		10		181
Rackspace Hosting, Inc. (a)(b)		16		525
Stamps.com, Inc. (b)		4		134
VeriSign, Inc. (a)(b)		18		970
XO Group, Inc. (b)		8		81
Yahoo!, Inc. (a)(b)		364		13,068

				108,673

IT SERVICES — 2.1%
Accenture PLC (Class A) (a)		143		11,400
Acxiom Corp. (a)(b)		30		1,032
Alliance Data Systems Corp. (a)(b)		11		2,997
Automatic Data Processing, Inc.		120		9,271
Broadridge Financial Solutions, Inc.		48		1,783
CACI International, Inc. (Class A) (a)(b)		32		2,362
Cardtronics, Inc. (a)(b)		12		466
CIBER, Inc. (a)(b)		72		330
Cognizant Technology Solutions Corp. (Class A) (b)		124		6,276
Computer Sciences Corp.		90		5,474
Convergys Corp. (a)		74		1,621
CoreLogic, Inc. (b)		30		901
CSG Systems International, Inc. (a)		20		521
DST Systems, Inc.		20		1,896
Fidelity National Information Services, Inc.		91		4,864
Fiserv, Inc. (b)		70		3,968
Forrester Research, Inc. (a)		4		143
Gartner, Inc. (a)(b)		20		1,389
Global Payments, Inc.		22		1,564
Heartland Payment Systems, Inc. (a)		12		497
Higher One Holdings, Inc. (b)		8		58
iGate Corp. (a)(b)		14		442
International Business Machines Corp. (a)		255		49,085
Jack Henry & Associates, Inc.		22		1,227
Leidos Holdings, Inc. (a)		59		2,087
ManTech International Corp. (Class A) (a)		26		765
Mastercard, Inc. (Class A)		130		9,711
NeuStar, Inc. (Class A) (a)(b)		18		585
Paychex, Inc. (a)		90		3,834
Science Applications International Corp. (a)		34		1,271
Sykes Enterprises, Inc. (a)(b)		24		477
TeleTech Holdings, Inc. (b)		24		588
Teradata Corp. (a)(b)		34		1,672
The Western Union Co. (a)		297		4,859
Total System Services, Inc.		56		1,703
VeriFone Systems, Inc. (a)(b)		49		1,657
Virtusa Corp. (a)(b)		8		268
Visa, Inc. (Class A) (a)		63		13,599
WEX, Inc. (b)		8		760
Xerox Corp.		1,516		17,131

				170,534

LEISURE PRODUCTS — 0.1%
Arctic Cat, Inc. (a)		4		191
Brunswick Corp.		24		1,087
Callaway Golf Co. (a)		46		470

171

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Hasbro, Inc. (a)		56	$	3,115
JAKKS Pacific, Inc. (a)		12		87
Mattel, Inc. (a)		90		3,610
Polaris Industries, Inc. (a)		14		1,956
Sturm Ruger & Co, Inc. (a)		2		119

				10,635

LIFE SCIENCES TOOLS & SERVICES — 0.3%
Affymetrix, Inc. (a)(b)		34		242
Agilent Technologies, Inc.		77		4,306
Bio-Rad Laboratories, Inc. (Class A) (a)(b)		10		1,281
Cambrex Corp. (a)(b)		12		227
Charles River Laboratories International, Inc. (b)		20		1,207
Covance, Inc. (b)		12		1,247
PAREXEL International Corp. (b)		20		1,082
PerkinElmer, Inc. (a)		19		856
Techne Corp.		8		683
Thermo Fisher Scientific, Inc.		88		10,581
Waters Corp. (b)		20		2,168

				23,880

MACHINERY — 2.0%
Actuant Corp. (Class A) (a)		20		683
AGCO Corp.		58		3,199
Albany International Corp. (Class A)		16		569
Astec Industries, Inc.		10		439
Barnes Group, Inc. (a)		20		769
Briggs & Stratton Corp. (a)		34		757
Caterpillar, Inc. (a)		329		32,693
CIRCOR International, Inc. (a)		6		440
CLARCOR, Inc.		12		688
Crane Co.		18		1,281
Cummins, Inc.		66		9,833
Deere & Co.		146		13,257
Donaldson Co., Inc. (a)		28		1,187
Dover Corp. (a)		68		5,559
EnPro Industries, Inc. (a)(b)		10		727
ESCO Technologies, Inc. (a)		8		282
Federal Signal Corp. (a)(b)		36		536
Flowserve Corp.		33		2,585
Graco, Inc.		12		897
Harsco Corp.		58		1,359
IDEX Corp.		13		948
Illinois Tool Works, Inc. (a)		203		16,510
Ingersoll-Rand PLC		103		5,896
ITT Corp.		124		5,302
John Bean Technologies Corp. (a)		14		433
Joy Global, Inc. (a)		44		2,552
Kennametal, Inc. (a)		26		1,152
Lincoln Electric Holdings, Inc. (a)		24		1,728
Lindsay Corp. (a)		2		176
Lydall, Inc. (a)(b)		10		229
Mueller Industries, Inc.		20		600
Nordson Corp.		12		846
Oshkosh Corp. (a)		47		2,767
PACCAR, Inc.		146		9,846
Pall Corp.		26		2,326
Parker Hannifin Corp. (a)		62		7,422
Pentair, Ltd.		25		1,983
Snap-On, Inc.		13		1,475
SPX Corp.		20		1,966
Standex International Corp. (a)		4		214
Stanley Black & Decker, Inc.		61		4,956
Tennant Co. (a)		6		394
Terex Corp. (a)		40		1,772
The Toro Co. (a)		18		1,137
Timken Co. (a)		36		2,116
Trinity Industries, Inc. (a)		34		2,450
Valmont Industries, Inc. (a)		8		1,191
Wabtec Corp.		9		698
Watts Water Technologies, Inc. (Class A) (a)		14		822
Woodward, Inc.		16		664
Xylem, Inc.		38		1,384

				159,695

MARINE — 0.0% (d)
Kirby Corp. (a)(b)		18		1,823
Matson, Inc.		16		395

				2,218

MATERIALS — 0.1%
PPG Industries, Inc. (a)		44		8,512

MEDIA — 2.6%
AMC Networks, Inc. (Class A) (a)(b)		12		877
Cablevision Systems Corp. (Class A) (a)		304		5,128
CBS Corp.		145		8,961
Cinemark Holdings, Inc.		42		1,218
Comcast Corp. (Class A)		802		40,116
DIRECTV (Class A) (a)(b)		196		14,978
Discovery Communications, Inc. (Series A) (b)		61		5,045
DreamWorks Animation SKG, Inc. (Class A) (a)(b)		38		1,009
Gannett Co., Inc.		121		3,340
Harte-Hanks, Inc. (a)		48		424
John Wiley & Sons, Inc. (Class A) (a)		20		1,153
Lamar Advertising Co. (Class A) (a)(b)		20		1,020
Live Nation Entertainment, Inc. (b)		102		2,218
McGraw Hill Financial, Inc.		66		5,036
Meredith Corp.		24		1,114
News Corp. (Class A) (b)		130		2,239
Omnicom Group, Inc.		110		7,986
Scholastic Corp. (a)		20		690
Scripps Networks Interactive, Inc. (Class A)		44		3,340
Sizmek, Inc. (b)		18		191
The E.W. Scripps Co. (Class A) (a)(b)		30		532
The Interpublic Group of Cos., Inc. (a)		194		3,325
The New York Times Co. (Class A) (a)		88		1,507
The Walt Disney Co.		423		33,870
Time Warner Cable, Inc.		145		19,891
Time Warner, Inc. (a)		337		22,016
Twenty-First Century Fox, Inc. (a)		521		16,656
Viacom, Inc. (Class B)		103		8,754

				212,634

METALS & MINING — 1.0%
A.M. Castle & Co. (a)(b)		18		264
AK Steel Holding Corp. (a)(b)		120		866
Alcoa, Inc.		1,465		18,855
Allegheny Technologies, Inc. (a)		42		1,583

172

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

AMCOL International Corp.		12	$	549
Carpenter Technology Corp. (a)		14		925
Century Aluminum Co. (a)(b)		56		740
Cliffs Natural Resources, Inc. (a)		207		4,235
Commercial Metals Co.		173		3,266
Compass Minerals International, Inc.		10		825
Freeport-McMoRan Copper & Gold, Inc.		654		21,628
Haynes International, Inc. (a)		4		216
Kaiser Aluminum Corp. (a)		12		857
Materion Corp.		12		407
Newmont Mining Corp.		259		6,071
Nucor Corp. (a)		172		8,693
Olympic Steel, Inc. (a)		10		287
Reliance Steel & Aluminum Co.		40		2,826
RTI International Metals, Inc. (a)(b)		14		389
Steel Dynamics, Inc. (a)		142		2,526
SunCoke Energy, Inc. (b)		32		731
United States Steel Corp. (a)		205		5,660
Worthington Industries, Inc.		38		1,454

				83,853

MULTI-UTILITIES — 1.4%
Alliant Energy Corp. (a)		60		3,409
Ameren Corp. (a)		142		5,850
Avista Corp. (a)		38		1,165
Black Hills Corp.		26		1,499
CenterPoint Energy, Inc. (a)		225		5,330
CMS Energy Corp.		142		4,158
Consolidated Edison, Inc. (a)		184		9,872
Dominion Resources, Inc. (a)		238		16,896
DTE Energy Co. (a)		91		6,760
Integrys Energy Group, Inc. (a)		40		2,386
MDU Resources Group, Inc. (a)		90		3,088
NiSource, Inc. (a)		180		6,395
NorthWestern Corp. (a)		22		1,043
PG&E Corp. (a)		276		11,923
Public Service Enterprise Group, Inc. (a)		296		11,289
SCANA Corp.		86		4,414
Sempra Energy		92		8,902
TECO Energy, Inc. (a)		180		3,087
Vectren Corp. (a)		54		2,127
Wisconsin Energy Corp. (a)		96		4,469

				114,062

MULTILINE RETAIL — 0.8%
Big Lots, Inc. (b)		55		2,083
Dollar General Corp. (b)		114		6,325
Dollar Tree, Inc. (a)(b)		45		2,348
Family Dollar Stores, Inc. (a)		50		2,900
Fred’s, Inc. (Class A) (a)		24		432
J.C. Penney Co., Inc. (a)(b)		446		3,845
Kohl’s Corp. (a)		178		10,110
Macy’s, Inc.		188		11,147
Nordstrom, Inc. (a)		83		5,183
Target Corp.		339		20,513
Tuesday Morning Corp. (a)(b)		46		651

				65,537

OIL, GAS & CONSUMABLE FUELS — 10.5%
Alpha Natural Resources, Inc. (a)(b)		302		1,284
Anadarko Petroleum Corp.		128		10,849
Apache Corp. (a)		231		19,162
Approach Resources, Inc. (a)(b)		8		167
Arch Coal, Inc. (a)		293		1,412
Bill Barrett Corp. (a)(b)		67		1,715
Cabot Oil & Gas Corp.		64		2,168
Carrizo Oil & Gas, Inc. (a)(b)		22		1,176
Chesapeake Energy Corp. (a)		683		17,499
Chevron Corp.		1,209		143,762
Cimarex Energy Co.		30		3,573
Cloud Peak Energy, Inc. (b)		44		930
Comstock Resources, Inc. (a)		32		731
ConocoPhillips (a)		1,674		117,766
CONSOL Energy, Inc. (a)		90		3,596
Contango Oil & Gas Co. (a)(b)		6		286
Denbury Resources, Inc. (a)		196		3,214
Devon Energy Corp. (a)		318		21,284
Energen Corp.		32		2,586
EOG Resources, Inc. (a)		56		10,986
EQT Corp.		26		2,521
Exxon Mobil Corp.		2,279		222,613
Forest Oil Corp. (b)		86		164
Gulfport Energy Corp. (a)(b)		14		997
Hess Corp.		237		19,643
HollyFrontier Corp. (a)		110		5,234
Kinder Morgan, Inc.		196		6,368
Marathon Oil Corp.		596		21,170
Marathon Petroleum Corp. (a)		187		16,277
Murphy Oil Corp.		153		9,618
Newfield Exploration Co. (a)(b)		185		5,802
Noble Energy, Inc.		80		5,683
Northern Oil and Gas, Inc. (a)(b)		12		175
Occidental Petroleum Corp.		434		41,356
ONEOK, Inc. (a)		84		4,977
PDC Energy, Inc. (a)(b)		14		872
Peabody Energy Corp. (a)		227		3,709
Penn Virginia Corp. (a)(b)		58		1,014
PetroQuest Energy, Inc. (a)(b)		30		171
Phillips 66		374		28,820
Pioneer Natural Resources Co. (a)		26		4,866
QEP Resources, Inc. (a)		42		1,237
Range Resources Corp.		24		1,991
Rosetta Resources, Inc. (a)(b)		16		745
SM Energy Co.		14		998
Southwestern Energy Co. (a)(b)		83		3,819
Spectra Energy Corp. (a)		282		10,417
Stone Energy Corp. (a)(b)		68		2,854
Swift Energy Co. (a)(b)		24		258
Tesoro Corp.		116		5,868
The Williams Cos., Inc. (a)		151		6,128
Valero Energy Corp.		734		38,975
World Fuel Services Corp. (a)		103		4,542
WPX Energy, Inc. (a)(b)		106		1,911

				845,939

PAPER & FOREST PRODUCTS — 0.3%
Clearwater Paper Corp. (a)(b)		16		1,003
Deltic Timber Corp. (a)		2		130
Domtar Corp.		48		5,387
International Paper Co.		236		10,828
KapStone Paper and Packaging Corp. (a)(b)		44		1,269
Louisiana-Pacific Corp. (a)(b)		42		708
Neenah Paper, Inc.		8		414

173

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

P.H. Glatfelter Co.		30	$	817
Schweitzer-Mauduit International, Inc.		10		426
Wausau Paper Corp. (a)		24		305
Weyerhaeuser Co.		93		2,729

				24,016

PERSONAL PRODUCTS — 0.1%
Avon Products, Inc.		232		3,396
Inter Parfums, Inc. (a)		12		435
Medifast, Inc. (a)(b)		6		175
The Estee Lauder Cos., Inc. (Class A)		64		4,280

				8,286

PHARMACEUTICALS — 3.7%
AbbVie, Inc.		326		16,757
Actavis PLC (b)		38		7,822
Akorn, Inc. (a)(b)		10		220
Allergan, Inc.		38		4,716
Bristol-Myers Squibb Co.		455		23,637
Eli Lilly & Co.		520		30,607
Endo International PLC (b)		54		3,707
Forest Laboratories, Inc. (b)		129		11,903
Hi-Tech Pharmacal Co., Inc. (a)(b)		4		173
Hospira, Inc. (b)		60		2,595
Johnson & Johnson		734		72,101
Mallinckrodt PLC (a)(b)		13		824
Merck & Co., Inc.		809		45,927
Mylan, Inc. (a)(b)		103		5,030
Perrigo Co. PLC (a)		14		2,165
Pfizer, Inc. (a)		2,007		64,465
Prestige Brands Holdings, Inc. (a)(b)		16		436
Questcor Pharmaceuticals, Inc. (a)		10		649
Salix Pharmaceuticals, Ltd. (a)(b)		8		829
The Medicines Co. (a)(b)		18		512

				295,075

PROFESSIONAL SERVICES — 0.3%
CDI Corp. (a)		16		274
Dun & Bradstreet Corp.		12		1,192
Equifax, Inc.		30		2,041
Exponent, Inc. (a)		4		300
FTI Consulting, Inc. (a)(b)		20		667
Heidrick & Struggles International, Inc.		8		161
Insperity, Inc. (a)		14		434
Kelly Services, Inc. (Class A) (a)		30		712
Korn/Ferry International (b)		22		655
Manpower, Inc. (a)		105		8,277
Navigant Consulting, Inc. (a)(b)		22		411
On Assignment, Inc. (a)(b)		14		540
Resources Connection, Inc. (a)		14		197
Robert Half International, Inc.		40		1,678
The Corporate Executive Board Co.		6		445
Towers Watson & Co. (Class A) (a)		22		2,509
TrueBlue, Inc. (b)		18		527

				21,020

REAL ESTATE INVESTMENT TRUSTS — 1.4%
Acadia Realty Trust (a)		14		369
Alexandria Real Estate Equities, Inc.		18		1,306
American Campus Communities, Inc.		18		672
American Tower Corp.		48		3,930
Apartment Investment & Management Co. (Class A)		32		967
AvalonBay Communities, Inc. (a)		26		3,414
BioMed Realty Trust, Inc.		50		1,025
Boston Properties, Inc.		34		3,894
BRE Properties, Inc.		20		1,256
Camden Property Trust		22		1,482
Cedar Realty Trust, Inc.		40		244
Corporate Office Properties Trust (a)		28		746
Corrections Corp. of America (a)		29		908
Cousins Properties, Inc. (a)		34		390
Crown Castle International Corp.		44		3,246
DiamondRock Hospitality Co. (a)		64		752
Duke Realty Corp.		76		1,283
EastGroup Properties, Inc. (a)		8		503
EPR Properties		16		854
Equity One, Inc. (a)		40		894
Equity Residential (a)		75		4,349
Essex Property Trust, Inc. (a)		6		1,020
Extra Space Storage, Inc.		20		970
Federal Realty Investment Trust (a)		8		918
Franklin Street Properties Corp. (a)		52		655
Getty Realty Corp. (a)		30		567
Government Properties Income Trust (a)		35		882
HCP, Inc.		112		4,345
Health Care REIT, Inc.		54		3,218
Healthcare Realty Trust, Inc.		32		773
Highwoods Properties, Inc. (a)		30		1,152
Home Properties, Inc. (a)		14		842
Hospitality Properties Trust		72		2,068
Host Hotels & Resorts, Inc. (a)		150		3,036
Inland Real Estate Corp. (a)		34		359
Kilroy Realty Corp. (a)		18		1,054
Kimco Realty Corp.		96		2,101
Kite Realty Group Trust		38		228
LaSalle Hotel Properties (a)		22		689
Lexington Realty Trust (a)		54		589
Liberty Property Trust		52		1,922
LTC Properties, Inc.		12		452
Mack-Cali Realty Corp.		26		541
Medical Properties Trust, Inc. (a)		64		819
Mid-America Apartment Communities, Inc. (a)		17		1,161
National Retail Properties, Inc. (a)		42		1,441
OMEGA Healthcare Investors, Inc.		30		1,006
Parkway Properties, Inc.		24		438
Pennsylvania Real Estate Investment Trust		26		469
Plum Creek Timber Co., Inc.		33		1,387
Post Properties, Inc.		12		589
Potlatch Corp.		18		696
ProLogis (a)		104		4,246
PS Business Parks, Inc.		8		669
Public Storage (a)		32		5,392
Rayonier, Inc.		28		1,285
Realty Income Corp. (a)		44		1,798
Regency Centers Corp.		28		1,430
Saul Centers, Inc.		6		284
Senior Housing Properties Trust		78		1,753
Simon Property Group, Inc.		38		6,232
SL Green Realty Corp. (a)		24		2,415
Sovran Self Storage, Inc.		10		735
Tanger Factory Outlet Centers, Inc. (a)		14		490

174

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Taubman Centers, Inc.		12	$	849
The Macerich Co.		34		2,119
UDR, Inc. (a)		56		1,446
Universal Health Realty Income Trust (a)		6		253
Urstadt Biddle Properties, Inc. (Class A) (a)		14		289
Ventas, Inc.		66		3,998
Vornado Realty Trust		52		5,125
Weingarten Realty Investors (a)		38		1,140

				110,819

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0%
CBRE Group, Inc. (b)		82		2,249
Forestar Group, Inc. (a)(b)		12		214
Jones Lang LaSalle, Inc.		12		1,422

				3,885

ROAD & RAIL — 0.7%
Arkansas Best Corp. (a)		18		665
Con-way, Inc. (a)		32		1,315
CSX Corp.		414		11,994
Genesee & Wyoming, Inc. (Class A) (a)(b)		8		779
Heartland Express, Inc. (a)		18		408
J.B. Hunt Transport Services, Inc.		19		1,366
Kansas City Southern		13		1,327
Knight Transportation, Inc. (a)		26		601
Landstar System, Inc.		10		592
Norfolk Southern Corp.		128		12,438
Old Dominion Freight Line, Inc. (b)		24		1,362
Ryder Systems, Inc. (a)		38		3,037
Union Pacific Corp.		116		21,768
Werner Enterprises, Inc. (a)		28		714

				58,366

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.3%
Advanced Energy Industries, Inc. (a)(b)		16		392
Advanced Micro Devices, Inc. (a)(b)		831		3,332
Altera Corp. (a)		67		2,428
Analog Devices, Inc.		68		3,614
Applied Materials, Inc.		496		10,128
Atmel Corp. (a)(b)		118		986
ATMI, Inc. (a)(b)		10		340
Broadcom Corp. (Class A) (a)		116		3,652
Brooks Automation, Inc.		24		262
Cabot Microelectronics Corp. (a)(b)		8		352
CEVA, Inc. (a)(b)		4		70
Cirrus Logic, Inc. (a)(b)		18		358
Cohu, Inc. (a)		10		107
Cree, Inc. (a)(b)		24		1,357
Cypress Semiconductor Corp. (a)(b)		30		308
Diodes, Inc. (b)		16		418
DSP Group, Inc. (a)(b)		12		104
Entropic Communications, Inc. (b)		30		123
Exar Corp. (b)		12		143
Fairchild Semiconductor International, Inc. (a)(b)		60		827
First Solar, Inc. (b)		91		6,351
GT Advanced Technologies, Inc. (a)(b)		165		2,813
Hittite Microwave Corp. (a)		6		378
Integrated Device Technology, Inc. (a)(b)		56		685
Intel Corp.		3,120		80,527
International Rectifier Corp. (b)		28		767
Intersil Corp. (Class A)		68		879
KLA-Tencor Corp. (a)		65		4,494
Kopin Corp. (b)		20		76
Kulicke & Soffa Industries, Inc. (a)(b)		32		404
Lam Research Corp. (b)		45		2,475
Linear Technology Corp. (a)		62		3,019
LSI Corp.		150		1,660
Micrel, Inc. (a)		20		222
Microchip Technology, Inc. (a)		64		3,057
Micron Technology, Inc. (a)(b)		553		13,084
Microsemi Corp. (b)		24		601
MKS Instruments, Inc. (a)		18		538
Monolithic Power Systems, Inc. (b)		10		388
Nanometrics, Inc. (a)(b)		8		144
NVIDIA Corp.		136		2,436
Pericom Semiconductor Corp. (a)(b)		12		94
Power Integrations, Inc. (a)		6		395
RF Micro Devices, Inc. (b)		106		835
Rubicon Technology, Inc. (b)		10		113
Rudolph Technologies, Inc. (a)(b)		12		137
Semtech Corp. (b)		16		405
Sigma Designs, Inc. (b)		36		171
Silicon Laboratories, Inc. (b)		10		523
Skyworks Solutions, Inc. (b)		48		1,801
SunEdison, Inc. (a)(b)		188		3,542
Supertex, Inc. (b)		4		132
Synaptics, Inc. (a)(b)		10		600
Teradyne, Inc. (b)		72		1,432
Tessera Technologies, Inc.		20		473
Texas Instruments, Inc.		288		13,579
TriQuint Semiconductor, Inc. (a)(b)		72		964
Ultratech, Inc. (a)(b)		6		175
Veeco Instruments, Inc. (a)(b)		22		922
Xilinx, Inc.		74		4,016

				184,608

SOFTWARE — 2.7%
ACI Worldwide, Inc. (b)		8		474
Adobe Systems, Inc. (b)		103		6,771
Advent Software, Inc. (a)		10		294
Ansys, Inc. (b)		18		1,386
Autodesk, Inc. (b)		46		2,262
Blackbaud, Inc. (a)		6		188
Bottomline Technologies, Inc. (a)(b)		6		211
CA, Inc.		195		6,039
Cadence Design Systems, Inc. (a)(b)		62		963
Citrix Systems, Inc. (b)		38		2,182
CommVault Systems, Inc. (a)(b)		6		390
Compuware Corp.		82		861
Concur Technologies, Inc. (a)(b)		6		594
Ebix, Inc. (a)		8		137
Electronic Arts, Inc. (a)(b)		98		2,843
EPIQ Systems, Inc.		14		191
FactSet Research Systems, Inc. (a)		6		647
Fair Isaac Corp.		8		443
Informatica Corp. (b)		16		604
Interactive Intelligence Group (a)(b)		4		290
Intuit, Inc. (a)		42		3,265

175

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Manhattan Associates, Inc. (a)(b)		24	$	841
Mentor Graphics Corp.		32		705
MICROS Systems, Inc. (b)		18		953
Microsoft Corp.		3,096		126,905
MicroStrategy, Inc. (b)		2		231
Monotype Imaging Holdings, Inc. (a)		10		301
Netscout Systems, Inc. (a)(b)		12		451
Oracle Corp. (a)		909		37,187
Progress Software Corp. (b)		20		436
PTC, Inc. (b)		26		921
Quality Systems, Inc.		8		135
Red Hat, Inc. (a)(b)		30		1,589
Rovi Corp. (b)		28		638
Salesforce.com, Inc. (a)(b)		63		3,597
Solera Holdings, Inc.		10		633
Symantec Corp. (a)		214		4,274
Synchronoss Technologies, Inc. (a)(b)		6		206
Synopsys, Inc. (b)		50		1,920
Take-Two Interactive Software, Inc. (a)(b)		24		526
TIBCO Software, Inc. (a)(b)		24		488
Tyler Technologies, Inc. (a)(b)		6		502

				214,474

SPECIALTY RETAIL — 2.1%
Aaron’s, Inc. (a)		26		786
Abercrombie & Fitch Co. (Class A)		28		1,078
Advance Auto Parts, Inc.		22		2,783
Aeropostale, Inc. (a)(b)		38		191
American Eagle Outfitters, Inc. (a)		80		979
ANN, Inc. (a)(b)		20		830
Ascena Retail Group, Inc. (a)(b)		46		795
AutoNation, Inc. (b)		89		4,737
AutoZone, Inc. (b)		9		4,834
Barnes & Noble, Inc. (a)(b)		42		878
Bed Bath & Beyond, Inc. (b)		61		4,197
Best Buy Co., Inc. (a)		364		9,613
Big 5 Sporting Goods Corp. (a)		18		289
Brown Shoe Co., Inc.		44		1,168
Cabela’s, Inc. (a)(b)		19		1,245
CarMax, Inc. (a)(b)		59		2,761
Chico’s FAS, Inc.		52		834
Christopher & Banks Corp. (b)		40		264
CST Brands, Inc. (a)		111		3,468
Dick’s Sporting Goods, Inc. (a)		30		1,638
Foot Locker, Inc.		62		2,913
GameStop Corp. (Class A) (a)		102		4,192
Genesco, Inc. (a)(b)		10		746
Group 1 Automotive, Inc. (a)		32		2,101
Guess?, Inc.		84		2,318
Haverty Furniture Cos., Inc. (a)		14		416
Hibbett Sports, Inc. (a)(b)		6		317
Jos. A. Bank Clothiers, Inc. (b)		10		643
Kirkland’s, Inc. (a)(b)		8		148
L Brands, Inc.		99		5,620
Lithia Motors, Inc. (Class A)		16		1,063
Lowe’s Cos., Inc.		435		21,272
Lumber Liquidators Holdings, Inc. (a)(b)		8		750
MarineMax, Inc. (a)(b)		26		395
Monro Muffler Brake, Inc. (a)		6		341
Murphy USA, Inc. (a)(b)		38		1,542
O’Reilly Automotive, Inc. (b)		26		3,858
Office Depot, Inc. (a)(b)		562		2,321
Outerwall, Inc. (a)(b)		12		870
Pep Boys-Manny, Moe & Jack (a)(b)		28		356
PetSmart, Inc. (a)		30		2,067
Rent-A-Center, Inc. (a)		28		745
Ross Stores, Inc.		46		3,291
Select Comfort Corp. (a)(b)		12		217
Signet Jewelers, Ltd. (a)		16		1,694
Sonic Automotive, Inc. (Class A) (a)		40		899
Stage Stores, Inc. (a)		34		831
Staples, Inc. (a)		568		6,441
Stein Mart, Inc. (a)		30		420
The Buckle, Inc. (a)		14		641
The Cato Corp. (Class A) (a)		12		324
The Children’s Place Retail Stores, Inc. (a)		12		598
The Finish Line, Inc. (Class A)		20		542
The Gap, Inc.		161		6,450
The Home Depot, Inc.		346		27,379
The Men’s Wearhouse, Inc. (a)		18		882
Tiffany & Co.		26		2,240
TJX Cos., Inc.		150		9,098
Tractor Supply Co. (a)		20		1,413
Urban Outfitters, Inc. (b)		44		1,605
Vitamin Shoppe, Inc. (a)(b)		8		380
Williams-Sonoma, Inc. (a)		30		1,999
Zale Corp. (a)(b)		28		586
Zumiez, Inc. (a)(b)		6		145

				166,437

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.3%
3D Systems Corp. (a)(b)		14		828
Apple, Inc.		222		119,156
Diebold, Inc. (a)		28		1,117
EMC Corp. (a)		591		16,199
Hewlett-Packard Co. (a)		2,623		84,880
Intevac, Inc. (b)		10		97
Lexmark International, Inc. (Class A) (a)		87		4,027
NCR Corp. (b)		66		2,412
NetApp, Inc.		113		4,170
QLogic Corp. (a)(b)		36		459
SanDisk Corp. (a)		67		5,440
Seagate Technology PLC (a)		269		15,107
Super Micro Computer, Inc. (b)		12		209
Western Digital Corp.		120		11,019

				265,120

TEXTILES, APPAREL & LUXURY GOODS — 0.5%
Carter’s, Inc.		16		1,242
Coach, Inc. (a)		66		3,277
Crocs, Inc. (b)		24		374
Deckers Outdoor Corp. (a)(b)		12		957
Fossil Group, Inc. (b)		12		1,399
Hanesbrands, Inc.		27		2,065
Iconix Brand Group, Inc. (a)(b)		30		1,178
Kate Spade & Co. (a)(b)		30		1,113
Movado Group, Inc. (a)		8		364
NIKE, Inc. (Class B)		152		11,227
Oxford Industries, Inc. (a)		4		313
Perry Ellis International, Inc. (b)		12		165

176

SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

PVH Corp.		12	$	1,497
Quiksilver, Inc. (a)(b)		29		218
Ralph Lauren Corp.		16		2,575
Skechers U.S.A., Inc. (b)		42		1,535
Steven Madden, Ltd. (a)(b)		14		504
Under Armour, Inc. (Class A) (a)(b)		16		1,834
V.F. Corp.		100		6,188
Wolverine World Wide, Inc. (a)		32		914

				38,939

THRIFTS & MORTGAGE FINANCE — 0.2%
Astoria Financial Corp. (a)		88		1,216
Bank Mutual Corp. (a)		32		203
Brookline Bancorp, Inc.		28		264
Dime Community Bancshares (a)		18		306
Hudson City Bancorp, Inc.		346		3,401
New York Community Bancorp, Inc. (a)		371		5,962
Northwest Bancshares, Inc. (a)		44		642
Oritani Financial Corp. (a)		12		190
People’s United Financial, Inc. (a)		190		2,825
Provident Financial Services, Inc. (a)		32		588
TrustCo Bank Corp. NY (a)		50		352
Washington Federal, Inc.		48		1,118

				17,067

TOBACCO — 0.9%
Alliance One International, Inc. (a)(b)		90		263
Altria Group, Inc.		559		20,923
Lorillard, Inc. (a)		161		8,707
Philip Morris International, Inc.		374		30,619
Reynolds American, Inc.		271		14,477
Universal Corp. (a)		26		1,453

				76,442

TRADING COMPANIES & DISTRIBUTORS — 0.1%
Applied Industrial Technologies, Inc.		16		772
Fastenal Co. (a)		42		2,071
GATX Corp. (a)		4		271
Kaman Corp. (a)		10		407
MSC Industrial Direct Co., Inc. (Class A) (a)		12		1,038
United Rentals, Inc. (a)(b)		22		2,089
W.W. Grainger, Inc.		13		3,285
Watsco, Inc. (a)		14		1,399

				11,332

WATER UTILITIES — 0.0% (d)
American States Water Co. (a)		16		517
Aqua America, Inc. (a)		60		1,504

				2,021

WIRELESS TELECOMMUNICATION SERVICES — 0.1%
NTELOS Holdings Corp. (a)		16		216
Telephone & Data Systems, Inc.		139		3,643
USA Mobility, Inc. (a)		24		436

				4,295

TOTAL COMMON STOCKS —
(Cost $6,024,293)				8,052,415

SHORT TERM INVESTMENTS — 23.5%
MONEY MARKET FUNDS — 23.5%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		1,880,926		1,880,926
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		12,430		12,430

TOTAL SHORT TERM INVESTMENTS —
(Cost $1,893,356)				1,893,356

TOTAL INVESTMENTS — 123.2% (h)
(Cost $7,917,649)				9,945,771
OTHER ASSETS & LIABILITIES — (23.2)%				(1,873,523	)

NET ASSETS — 100.0%			$	8,072,248


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Non-income producing security
(c)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(d)		Amount shown represents less than 0.05% of net assets.
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

177

SPDR Russell 1000 Low Volatility ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.7%
AEROSPACE & DEFENSE — 6.0%
General Dynamics Corp.		960	$	104,563
L-3 Communications Holdings, Inc.		17		2,009
Northrop Grumman Corp.		912		112,523
Raytheon Co. (a)		2,095		206,965
United Technologies Corp.		1,730		202,133

				628,193

AIR FREIGHT & LOGISTICS — 2.0%
United Parcel Service, Inc. (Class B)		2,134		207,809

AUTOMOBILES — 1.5%
General Motors Co. (a)		4,699		161,740

BANKS — 5.6%
Fifth Third Bancorp (a)		8,927		204,874
KeyCorp		3,653		52,019
SunTrust Banks, Inc.		206		8,197
U.S. Bancorp (a)		4,799		205,685
Wells Fargo & Co. (a)		2,305		114,651

				585,426

BEVERAGES — 3.2%
PepsiCo, Inc.		2,372		198,062
The Coca-Cola Co. (a)		3,568		137,939

				336,001

CAPITAL MARKETS — 1.3%
State Street Corp. (b)		1,960		136,318

CHEMICALS — 1.3%
Praxair, Inc. (a)		732		95,870
Sigma-Aldrich Corp.		401		37,445

				133,315

COMMERCIAL SERVICES & SUPPLIES — 0.6%
Cintas Corp. (a)		1,015		60,504

DIVERSIFIED FINANCIAL SERVICES — 1.4%
Berkshire Hathaway, Inc. (Class B) (a)(c)		1,210		151,214

DIVERSIFIED TELECOMMUNICATION SERVICES — 3.5%
AT&T, Inc. (a)		6,001		210,455
Verizon Communications, Inc. (a)		3,337		158,741

				369,196

ELECTRIC UTILITIES — 8.9%
American Electric Power Co., Inc. (a)		3,273		165,810
Duke Energy Corp. (a)		2,333		166,156
Pepco Holdings, Inc. (a)		8,744		179,077
PPL Corp. (a)		1,010		33,472
Southern Co. (a)		4,311		189,425
Xcel Energy, Inc. (a)		6,832		207,420

				941,360

FOOD & STAPLES RETAILING — 0.4%
Costco Wholesale Corp.		145		16,193
Sysco Corp.		613		22,148

				38,341

FOOD PRODUCTS — 3.6%
General Mills, Inc.		3,785		196,139
Kellogg Co.		2,866		179,727

				375,866

HEALTH CARE EQUIPMENT & SUPPLIES — 6.9%
Abbott Laboratories		4,917		189,354
Becton, Dickinson and Co.		1,472		172,342
C.R. Bard, Inc. (a)		1,438		212,795
Covidien PLC (a)		1,821		134,135
Stryker Corp. (a)		275		22,404

				731,030

HEALTH CARE PROVIDERS & SERVICES — 2.0%
AmerisourceBergen Corp.		3,227		211,659

HOTELS, RESTAURANTS & LEISURE — 2.0%
McDonald’s Corp. (a)		2,172		212,921

HOUSEHOLD PRODUCTS — 4.8%
Colgate-Palmolive Co.		1,021		66,232
Kimberly-Clark Corp.		530		58,433
The Clorox Co. (a)		2,172		191,158
The Procter & Gamble Co.		2,319		186,911

				502,734

INDUSTRIAL CONGLOMERATES — 2.5%
3M Co.		1,556		211,087
General Electric Co. (a)		2,112		54,680

				265,767

INSURANCE — 2.7%
ACE, Ltd.		172		17,038
Arthur J. Gallagher & Co.		1,641		78,079
The Allstate Corp. (a)		435		24,612
Torchmark Corp. (a)		1,394		109,708
Validus Holdings, Ltd.		250		9,428
W.R. Berkley Corp.		232		9,656
XL Group PLC		1,062		33,187

				281,708

INTERNET SOFTWARE & SERVICES — 3.3%
Google, Inc. (Class A) (c)		138		153,802
VeriSign, Inc. (a)(c)		3,518		189,655

				343,457

IT SERVICES — 10.0%
Alliance Data Systems Corp. (c)		719		195,891
Amdocs, Ltd. (a)		4,504		209,256
Automatic Data Processing, Inc.		1,567		121,066
Fiserv, Inc. (c)		3,475		196,998
Mastercard, Inc. (Class A)		1,696		126,691
Paychex, Inc. (a)		4,906		208,996

				1,058,898

MACHINERY — 3.0%
Caterpillar, Inc. (a)		1,359		135,044
Parker Hannifin Corp. (a)		1,525		182,558

				317,602

MEDIA — 2.2%
The Walt Disney Co.		2,548		204,018
Time Warner, Inc.		442		28,876

				232,894

MULTI-UTILITIES — 5.4%
CMS Energy Corp. (a)		2,063		60,405
Consolidated Edison, Inc. (a)		3,426		183,805
Dominion Resources, Inc. (a)		2,913		206,794
SCANA Corp. (a)		380		19,501
Sempra Energy (a)		403		38,994

178

SPDR Russell 1000 Low Volatility ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Wisconsin Energy Corp. (a)		1,343	$	62,517

				572,016

OIL, GAS & CONSUMABLE FUELS — 3.5%
Chevron Corp.		1,433		170,398
Exxon Mobil Corp.		2,052		200,439

				370,837

PHARMACEUTICALS — 2.6%
Johnson & Johnson		2,140		210,212
Mylan, Inc. (a)(c)		389		18,995
Pfizer, Inc.		1,252		40,214

				269,421

REAL ESTATE INVESTMENT TRUSTS — 3.8%
DDR Corp. (a)		11,669		192,305
Host Hotels & Resorts, Inc. (a)		10,114		204,707

				397,012

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4%
Xilinx, Inc.		770		41,788

THRIFTS & MORTGAGE FINANCE — 1.9%
People’s United Financial, Inc. (a)		13,792		205,087

TOBACCO — 2.7%
Altria Group, Inc.		3,541		132,539
Philip Morris International, Inc.		1,856		151,951

				284,490

WIRELESS TELECOMMUNICATION SERVICES — 0.7%
SBA Communications Corp. (Class A) (a)(c)		834		75,861

TOTAL COMMON STOCKS —
(Cost $9,505,056)				10,500,465

SHORT TERM INVESTMENTS — 24.1%
MONEY MARKET FUNDS — 24.1%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		2,525,282		2,525,282
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		15,945		15,945

TOTAL SHORT TERM INVESTMENTS —
(Cost $2,541,227)				2,541,227

TOTAL INVESTMENTS — 123.8% (g)
(Cost $12,046,283)				13,041,692
OTHER ASSETS & LIABILITIES — (23.8)%				(2,504,715	)

NET ASSETS — 100.0%			$	10,536,977


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(c)		Non-income producing security
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

179

SPDR Russell 2000 Low Volatility ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

COMMON STOCKS — 99.5%
AEROSPACE & DEFENSE — 5.3%
Curtiss-Wright Corp.		3,250	$	206,505
Esterline Technologies Corp. (a)		544		57,958
Moog, Inc. (Class A) (a)		33		2,162
Orbital Sciences Corp. (a)		3,207		89,475
Teledyne Technologies, Inc. (a)		2,290		222,886

				578,986

AIR FREIGHT & LOGISTICS — 0.0% (b)
Forward Air Corp.		53		2,444

AUTO COMPONENTS — 0.4%
Dana Holding Corp. (c)		1,738		40,443

BANKS — 10.7%
1st Source Corp. (c)		23		738
Arrow Financial Corp. (c)		2,276		60,177
BancorpSouth, Inc. (c)		18		449
BBCN Bancorp, Inc. (c)		23		394
Central Pacific Financial Corp. (c)		63		1,273
Chemical Financial Corp.		57		1,850
City Holding Co. (c)		422		18,931
CoBiz Financial, Inc. (c)		30		346
Columbia Banking System, Inc. (c)		4,966		141,630
Community Bank System, Inc. (c)		35		1,366
Community Trust Bancorp, Inc. (c)		2,334		96,814
CVB Financial Corp. (c)		33		525
F.N.B. Corp. (c)		469		6,285
Financial Institutions, Inc.		18		414
First Commonwealth Financial Corp. (c)		20,221		182,798
First Community Bancshares, Inc. (c)		77		1,260
First Financial Bancorp		3,593		64,602
First Financial Holdings, Inc.		11		689
First Merchants Corp. (c)		2,247		48,625
First Midwest Bancorp, Inc.		41		700
FirstMerit Corp.		12		250
Flushing Financial Corp.		36		758
Glacier Bancorp, Inc.		1,337		38,867
Hancock Holding Co.		285		10,445
Home Bancshares, Inc.		18		620
Investors Bancorp, Inc. (c)		84		2,322
Lakeland Financial Corp. (c)		14		563
MB Financial, Inc.		14		433
National Penn Bancshares, Inc.		1,178		12,310
NBT Bancorp, Inc. (c)		163		3,987
OmniAmerican Bancorp, Inc. (c)		2,738		62,399
Pacific Premier Bancorp, Inc. (a)(c)		48		775
PacWest Bancorp (c)		951		40,902
Prosperity Bancshares, Inc. (c)		146		9,658
Renasant Corp.		12		349
Sandy Spring Bancorp, Inc. (c)		23		575
State Bank Financial Corp.		17		301
Sterling Bancorp		2,748		34,790
Sterling Financial Corp.		12		400
Susquehanna Bancshares, Inc.		300		3,417
Trico Bancshares		2,480		64,306
Trustmark Corp. (c)		7,372		186,880
Umpqua Holdings Corp. (c)		104		1,939
Union First Market Bankshares Corp.		18		458
United Bankshares, Inc.		167		5,113
Univest Corp. of Pennsylvania		24		492
ViewPoint Financial Group (c)		2		58
Washington Trust Bancorp, Inc.		11		412
WesBanco, Inc.		15		477
Westamerica Bancorporation (c)		614		33,205
Wintrust Financial Corp. (c)		196		9,537

				1,156,864

BIOTECHNOLOGY — 0.0% (b)
PDL BioPharma, Inc. (c)		80		665

BUILDING PRODUCTS — 0.3%
Griffon Corp. (c)		2,842		33,933

CAPITAL MARKETS — 2.5%
Cohen & Steers, Inc. (c)		2,825		112,576
Evercore Partners, Inc. (Class A)		864		47,736
Safeguard Scientifics, Inc. (a)(c)		352		7,808
WisdomTree Investments, Inc. (a)(c)		7,501		98,413

				266,533

CHEMICALS — 1.9%
H.B. Fuller Co.		192		9,270
Innospec, Inc.		1,852		83,766
Minerals Technologies, Inc.		1,451		93,676
Olin Corp. (c)		165		4,556
Sensient Technologies Corp.		176		9,928

				201,196

COMMERCIAL SERVICES & SUPPLIES — 2.3%
ABM Industries, Inc.		89		2,558
Healthcare Services Group, Inc. (c)		14		407
Knoll, Inc. (c)		3,554		64,647
UniFirst Corp.		403		44,306
United Stationers, Inc. (c)		3,242		133,149

				245,067

COMMUNICATIONS EQUIPMENT — 0.0% (b)
Comtech Telecommunications Corp. (c)		131		4,174

CONSTRUCTION & ENGINEERING — 0.2%
EMCOR Group, Inc.		490		22,927

CONTAINERS & PACKAGING — 0.8%
Graphic Packaging Holding Co. (a)(c)		8,780		89,205

DISTRIBUTORS — 1.9%
Pool Corp.		3,440		210,941

DIVERSIFIED CONSUMER SERVICES — 3.9%
Hillenbrand, Inc. (c)		6,779		219,165
Matthews International Corp. (Class A) (c)		307		12,529
Sotheby’s (c)		4,261		185,566

				417,260

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.0% (b)
Consolidated Communications Holdings, Inc.		165		3,302

ELECTRIC UTILITIES — 9.1%
ALLETE, Inc. (c)		169		8,859
Cleco Corp. (c)		3,832		193,823
El Paso Electric Co.		32		1,143
IDACORP, Inc. (c)		3,533		195,976
MGE Energy, Inc. (c)		17		667
PNM Resources, Inc.		205		5,541
Portland General Electric Co. (c)		6,073		196,401
The Empire District Electric Co.		4,950		120,384
UIL Holdings Corp. (c)		4,604		169,473

180

SPDR Russell 2000 Low Volatility ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Unitil Corp.		2,693	$	88,438

				980,705

ELECTRICAL EQUIPMENT — 1.3%
Acuity Brands, Inc. (c)		1,065		141,187
Brady Corp. (Class A)		61		1,656
Encore Wire Corp. (c)		11		534

				143,377

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.5%
Anixter International, Inc.		150		15,228
Cognex Corp. (a)(c)		398		13,476
Coherent, Inc. (a)		439		28,689

				57,393

ENERGY EQUIPMENT & SERVICES — 0.1%
Gulfmark Offshore, Inc. (Class A) (c)		30		1,348
SEACOR Holdings, Inc. (a)(c)		83		7,173

				8,521

FOOD PRODUCTS — 2.5%
Cal-Maine Foods, Inc.		859		53,928
Darling International, Inc. (a)		141		2,823
Fresh Del Monte Produce, Inc. (c)		182		5,018
Hain Celestial Group, Inc. (a)		173		15,824
Lancaster Colony Corp.		1,825		181,441
Snyders-Lance, Inc. (c)		188		5,300
Tootsie Roll Industries, Inc. (c)		119		3,577

				267,911

GAS UTILITIES — 3.8%
New Jersey Resources Corp. (c)		2,539		126,442
Northwest Natural Gas Co. (c)		3,195		140,612
Piedmont Natural Gas Co., Inc.		107		3,787
South Jersey Industries, Inc.		1,220		68,430
Southwest Gas Corp.		6		321
The Laclede Group, Inc. (c)		1,576		74,308
WGL Holdings, Inc.		36		1,442

				415,342

HEALTH CARE EQUIPMENT & SUPPLIES — 3.8%
CONMED Corp.		4,157		180,621
Greatbatch, Inc. (a)		529		24,292
Haemonetics Corp. (a)(c)		1,430		46,604
Integra LifeSciences Holdings Corp. (a)(c)		554		25,478
STERIS Corp. (c)		425		20,294
West Pharmaceutical Services, Inc.		2,473		108,936

				406,225

HEALTH CARE PROVIDERS & SERVICES — 1.9%
AmSurg Corp. (a)		1,181		55,602
HealthSouth Corp.		481		17,282
Owens & Minor, Inc. (c)		3,763		131,818

				204,702

HEALTH CARE TECHNOLOGY — 0.0% (b)
Computer Programs and Systems, Inc. (c)		10		646

HOTELS, RESTAURANTS & LEISURE — 0.4%
Jack in the Box, Inc. (a)		150		8,841
Texas Roadhouse, Inc.		12		313
The Cheesecake Factory, Inc. (c)		734		34,960

				44,114

INDUSTRIAL CONGLOMERATES — 0.0% (b)
Raven Industries, Inc. (c)		14		458

INSURANCE — 6.5%
American Equity Investment Life Holding Co. (c)		1,794		42,374
Employers Holdings, Inc. (c)		15		304
FBL Financial Group, Inc. (Class A)		162		7,018
Greenlight Capital Re, Ltd. (Class A) (a)(c)		149		4,887
Horace Mann Educators Corp.		83		2,407
Montpelier Re Holdings, Ltd. (c)		425		12,648
OneBeacon Insurance Group, Ltd. (Class A) (c)		3,725		57,589
Platinum Underwriters Holdings, Ltd.		373		22,417
Primerica, Inc. (c)		4,523		213,079
RLI Corp. (c)		4,847		214,431
Safety Insurance Group, Inc.		1,253		67,474
Selective Insurance Group, Inc.		170		3,964
The Navigators Group, Inc. (a)		982		60,285

				708,877

INTERNET & CATALOG RETAIL — 0.0% (b)
HSN, Inc.		36		2,150

INTERNET SOFTWARE & SERVICES — 1.1%
CoStar Group, Inc. (a)(c)		634		118,393

IT SERVICES — 3.2%
CACI International, Inc. (Class A) (a)(c)		1,407		103,837
Convergys Corp.		65		1,424
Syntel, Inc. (a)		2,002		179,980
TeleTech Holdings, Inc. (a)		56		1,372
WEX, Inc. (a)		588		55,889

				342,502

LEISURE PRODUCTS — 1.4%
Arctic Cat, Inc.		3,179		151,924

LIFE SCIENCES TOOLS & SERVICES — 0.0% (b)
PAREXEL International Corp. (a)(c)		29		1,569

MACHINERY — 0.1%
Woodward, Inc.		264		10,964

METALS & MINING — 0.3%
AMCOL International Corp. (c)		565		25,865
Worthington Industries, Inc.		283		10,825

				36,690

MULTI-UTILITIES — 3.3%
Avista Corp. (c)		7,033		215,562
Black Hills Corp. (c)		928		53,499
NorthWestern Corp. (c)		1,933		91,682

				360,743

MULTILINE RETAIL — 0.0% (b)
Fred’s, Inc. (Class A) (c)		32		576

OIL, GAS & CONSUMABLE FUELS — 0.9%
SemGroup Corp.(Class A)		1,434		94,185

PROFESSIONAL SERVICES — 1.0%
Exponent, Inc. (c)		15		1,126

181

SPDR Russell 2000 Low Volatility ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

The Corporate Executive Board Co.		1,473	$	109,341

				110,467

REAL ESTATE INVESTMENT TRUSTS — 14.7%
Acadia Realty Trust (c)		75		1,978
Agree Realty Corp. (c)		167		5,078
American Assets Trust, Inc.		12		405
Apollo Commercial Real Estate Finance, Inc. (c)		2,383		39,629
Ares Commercial Real Estate Corp. (c)		294		3,943
Ashford Hospitality Trust, Inc.		2,854		32,165
Associated Estates Realty Corp.		24		407
Campus Crest Communities, Inc. (c)		63		547
Capstead Mortgage Corp. (c)		1,124		14,230
Chatham Lodging Trust (c)		23		465
Chesapeake Lodging Trust (c)		17		437
Colony Financial, Inc.		2,935		64,423
Cousins Properties, Inc. (c)		56		642
CubeSmart		870		14,929
DCT Industrial Trust, Inc.		452		3,562
DiamondRock Hospitality Co. (c)		2,838		33,346
DuPont Fabros Technology, Inc. (c)		12		289
Dynex Capital, Inc.		996		8,914
EastGroup Properties, Inc. (c)		15		944
Education Realty Trust, Inc.		39		385
EPR Properties		909		48,532
Equity One, Inc. (c)		62		1,385
Excel Trust, Inc. (c)		107		1,357
First Industrial Realty Trust, Inc. (c)		356		6,878
Franklin Street Properties Corp.		29		365
Getty Realty Corp. (c)		18		340
Gladstone Commercial Corp. (c)		104		1,803
Glimcher Realty Trust (c)		2,346		23,530
Government Properties Income Trust (c)		64		1,613
Healthcare Realty Trust, Inc.		1,167		28,183
Highwoods Properties, Inc. (c)		106		4,071
Hudson Pacific Properties, Inc.		50		1,154
Inland Real Estate Corp. (c)		41		433
Investors Real Estate Trust		45		404
Kite Realty Group Trust		41		246
LaSalle Hotel Properties (c)		2,052		64,248
Lexington Realty Trust		35		382
LTC Properties, Inc.		14		527
Medical Properties Trust, Inc.		1,423		18,200
Monmouth Real Estate Investment Corp.(Class A)		36		343
National Health Investors, Inc. (c)		1,275		77,086
Parkway Properties, Inc.		15		274
Pebblebrook Hotel Trust (c)		3,963		133,831
Pennsylvania Real Estate Investment Trust		5,327		96,152
PennyMac Mortgage Investment Trust		468		11,185
Potlatch Corp.		14		542
PS Business Parks, Inc.		614		51,343
Ramco-Gershenson Properties Trust (c)		26		424
Resource Capital Corp. (c)		19,744		109,974
Retail Opportunity Investments Corp. (c)		12,742		190,365
RLJ Lodging Trust		98		2,621
Rouse Properties, Inc. (c)		3,680		63,443
Ryman Hospitality Properties (c)		4,104		174,502
Saul Centers, Inc.		9		426
Select Income REIT		47		1,423
STAG Industrial, Inc.		17		410
Strategic Hotels & Resorts, Inc. (a)(c)		7,652		77,974
Summit Hotel Properties, Inc. (c)		215		1,995
Sunstone Hotel Investors, Inc.		11,843		162,604
Terreno Realty Corp. (c)		27		511
UMH Properties, Inc. (c)		23		225
Urstadt Biddle Properties, Inc. (Class A) (c)		62		1,281
Washington Real Estate Investment Trust (c)		53		1,266
Whitestone REIT (c)		18		260
Winthrop Realty Trust (c)		29		336

				1,591,165

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (b)
Kennedy-Wilson Holdings, Inc. (c)		72		1,621
Tejon Ranch Co. (a)(c)		39		1,319

				2,940

ROAD & RAIL — 0.2%
Heartland Express, Inc. (c)		62		1,407
Knight Transportation, Inc. (c)		52		1,202
Werner Enterprises, Inc.		531		13,546

				16,155

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.8%
Hittite Microwave Corp.		1,687		106,349
Micrel, Inc.		160		1,773
Microsemi Corp. (a)(c)		3,411		85,377

				193,499

SOFTWARE — 1.3%
Blackbaud, Inc.		326		10,204
Mentor Graphics Corp.		80		1,762
Progress Software Corp. (a)(c)		3,969		86,524
PTC, Inc. (a)		1,052		37,272

				135,762

SPECIALTY RETAIL — 0.2%
Pier 1 Imports, Inc. (c)		1,140		21,523

TEXTILES, APPAREL & LUXURY GOODS — 0.0% (b)
Columbia Sportswear Co.		12		992

THRIFTS & MORTGAGE FINANCE — 3.8%
Banc of California, Inc. (c)		20		245
Beneficial Mutual Bancorp, Inc. (a)(c)		15		198
Berkshire Hills Bancorp, Inc.		171		4,425
Brookline Bancorp, Inc.		15,223		143,401
Capitol Federal Financial, Inc.		18,278		229,389
Charter Financial Corp. (c)		622		6,724
Dime Community Bancshares		6		102
Northfield Bancorp, Inc.		786		10,108
Northwest Bancshares, Inc.		432		6,307
Oritani Financial Corp.		506		8,000
Provident Financial Services, Inc.		96		1,763
Rockville Financial, Inc.		76		1,033
TrustCo Bank Corp. NY (c)		200		1,408

				413,103

TOBACCO — 3.6%
Universal Corp. (c)		3,075		171,862

182

SPDR Russell 2000 Low Volatility ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Vector Group, Ltd. (c)		10,154	$	218,717

				390,579

TRADING COMPANIES & DISTRIBUTORS — 2.4%
Aircastle, Ltd.		2,678		51,900
Applied Industrial Technologies, Inc.		2,352		113,461
Kaman Corp. (c)		1,003		40,802
Watsco, Inc. (c)		484		48,356

				254,519

WATER UTILITIES — 0.1%
California Water Service Group		75		1,796
Connecticut Water Service, Inc. (c)		14		478
Middlesex Water Co. (c)		514		11,215

				13,489

TOTAL COMMON STOCKS —
(Cost $9,771,423)				10,776,100

SHORT TERM INVESTMENTS — 24.3%
MONEY MARKET FUNDS — 24.3%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		2,618,644		2,618,644
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		15,117		15,117

TOTAL SHORT TERM INVESTMENTS —
(Cost $2,633,761)				2,633,761

TOTAL INVESTMENTS — 123.8% (g)
(Cost $12,405,184)				13,409,861
OTHER ASSETS & LIABILITIES — (23.8)%				(2,578,110	)

NET ASSETS — 100.0%			$	10,831,751


(a)		Non-income producing security
(b)		Amount shown represents less than 0.05% of net assets.
(c)		A portion of the security was on loan at March 31, 2014.
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

REIT = Real Estate Investment Trust

183

SPDR Wells Fargo Preferred Stock ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


Security Description	Shares		Value

PREFERRED STOCKS — 99.6%
BANKS — 31.0%
Barclays Bank PLC Series 2, 6.63% (a)		59,738	$	1,510,177
Barclays Bank PLC Series 3, 7.10%		109,521		2,811,404
Barclays Bank PLC Series 4, 7.75% (a)		91,599		2,376,078
Barclays Bank PLC Series 5, 8.13% (a)		211,076		5,490,087
BB&T Corp., 5.85% (a)		82,694		1,951,578
BB&T Corp., 5.63% (a)		165,387		3,703,015
BB&T Corp., 5.20% (a)		64,717		1,348,055
BB&T Corp., 5.20% (a)		71,907		1,497,104
HSBC Holdings PLC, 8.13% (a)		111,143		2,885,272
HSBC Holdings PLC, 8.00%		192,071		5,180,155
HSBC Holdings PLC, Series A, 6.20%		73,086		1,860,039
HSBC USA, Inc. Series F, 3.50% (a)		26,071		560,527
HSBC USA, Inc. Series G, 4.00% (a)		18,478		422,592
HSBC USA, Inc. Series H, 6.50%		18,832		473,248
JP Morgan Chase & Co., 6.70%		102,447		2,602,154
JP Morgan Chase & Co. Series O, 5.50% (a)		139,272		3,041,700
JP Morgan Chase & Co. Series P, 5.45% (a)		99,678		2,163,013
Lloyds Banking Group PLC, 7.75% (a)		124,041		3,324,299
PNC Financial Services Group, Inc., 6.13% (a)		215,723		5,761,961
PNC Financial Services Group, Inc., 5.38%		69,031		1,486,928
UBS Preferred Funding Trust IV Series D, 0.86% (a)		43,145		780,924
US Bancorp Series B, 3.50% (a)		128,020		2,798,517
US Bancorp Series F, 6.50% (a)		140,822		3,999,345
US Bancorp Series G, 6.00% (a)		138,902		3,812,860
US Bancorp Series H, 5.15% (a)		64,010		1,392,217
Wells Fargo & Co., 6.63%		58,862		1,598,692
Wells Fargo & Co., 5.85%		121,266		3,019,523
Wells Fargo & Co., 5.25% (a)		43,840		956,150
Wells Fargo & Co., 5.20% (a)		52,586		1,119,030
Wells Fargo & Co., 5.13% (a)		45,592		990,714
Wells Fargo & Co. Series J, 8.00% (a)		151,169		4,405,065

				75,322,423

CAPITAL MARKETS — 6.2%
State Street Corp., 5.90% (b)		107,861		2,792,521
State Street Corp., 5.25% (b)		71,907		1,617,188
The Bank of New York Mellon Corp., 5.20% (a)		83,772		1,853,874
The Charles Schwab Corp., 6.00% (a)		69,750		1,733,288
The Goldman Sachs Group, Inc., 6.50% (a)		82,694		2,197,180
The Goldman Sachs Group, Inc., 6.13% (a)		190,555		4,878,208

				15,072,259

COMMERCIAL SERVICES & SUPPLIES — 0.6%
Pitney Bowes, Inc., 6.70% (a)		61,121		1,551,251

CONSUMER FINANCE — 0.3%
HSBC Finance Corp., 6.36% (a)		29,061		729,431

DIVERSIFIED FINANCIAL SERVICES — 15.7%
Deutsche Bank Capital Funding Trust IX, 6.63% (a)		88,433		2,268,306
Deutsche Bank Capital Funding Trust VIII, 6.38% (a)		46,139		1,173,776
Deutsche Bank Contingent Capital Trust II, 6.55% (a)		61,518		1,610,541
Deutsche Bank Contingent Capital Trust III, 7.60% (a)		151,874		4,120,342
Deutsche Bank Contingent Capital Trust V, 8.05%		106,504		2,925,665
General Electric Capital Corp., 4.88% (a)		118,647		2,791,764
General Electric Capital Corp., 4.88% (a)		90,963		2,124,896
General Electric Capital Corp., 4.70% (a)		107,861		2,369,706
ING Groep NV, 7.38% (a)		126,945		3,240,906
ING Groep NV, 7.20% (a)		93,068		2,410,461
ING Groep NV, 7.05% (a)		67,591		1,745,876
ING Groep NV, 6.38% (a)		88,367		2,207,408
ING Groep NV, 6.20% (a)		42,171		1,047,949
ING Groep NV, 6.13% (a)		59,040		1,455,336
JP Morgan Chase Capital XXIX, 6.70% (a)		166,130		4,259,573
KKR Financial Holdings LLC, 8.38% (a)		37,212		1,030,400
Raymond James Financial, Inc., 6.90%		50,335		1,313,744

				38,096,649

DIVERSIFIED TELECOMMUNICATION SERVICES — 5.5%
Qwest Corp., 7.50% (a)		82,694		2,173,198
Qwest Corp., 7.38% (a)		95,098		2,486,813
Qwest Corp., 7.00% (a)		75,503		1,907,961
Qwest Corp., 7.00% (a)		57,526		1,450,230
Qwest Corp., 6.13% (a)		111,457		2,455,398
Telephone & Data Systems, 7.00%		43,145		1,104,943
Verizon Communications, Inc., 5.90%		71,907		1,794,799

				13,373,342

ELECTRIC UTILITIES — 5.6%
BGE Capital Trust II, 6.20% (a)		35,954		904,243
Duke Energy Corp., 5.13% (a)		71,907		1,668,243
FPL Group Capital Trust I, 5.88% (a)		43,145		1,097,177
NextEra Energy Capital Holdings, Inc., 5.70% (a)		57,526		1,371,995
NextEra Energy Capital Holdings, Inc., 5.63% (a)		50,335		1,160,222
NextEra Energy Capital Holdings, Inc., 5.13% (a)		71,907		1,520,114
NextEra Energy Capital Holdings, Inc., 5.00% (a)		64,717		1,335,112
SCE Trust I, 5.63% (a)		68,312		1,553,415
SCE Trust II, 5.10% (a)		57,526		1,182,735
SCE Trust III, 5.75%		39,549		1,012,454
Tennessee Valley Authority Series A, 3.96% (a)		38,807		927,487

				13,733,197

ININDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.4%
Tennessee Valley Authority Series D, 3.83%		46,549		1,077,609

INSURANCE — 19.1%
Aegon NV, 8.00% (a)		74,341		2,148,455
Aegon NV, 7.25% (a)		148,682		3,841,943
Aegon NV, 6.50% (a)		70,801		1,802,594

184

SPDR Wells Fargo Preferred Stock ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value

Aegon NV, 6.38% (a)		141,602	$	3,640,587
Aegon NV Series 1, 4.00% (a)		35,400		756,498
Aflac, Inc., 5.50% (a)		71,907		1,679,748
Arch Capital Group, Ltd., 6.75% (a)		46,740		1,174,109
Aspen Insurance Holdings Ltd., 5.95% (a)		39,549		981,211
Aviva PLC, 8.25% (a)		57,526		1,591,169
Axis Capital Holdings Series C, 6.88%		57,526		1,449,655
MetLife, Inc. Series A, 4.00% (a)		86,289		2,001,905
MetLife, Inc. Series B, 6.50% (a)		215,723		5,425,434
PartnerRe, Ltd., 5.88%		35,954		802,493
PartnerRe, Ltd. Series E, 7.25% (a)		53,751		1,424,939
Protective Life Corp., 6.25% (a)		41,347		1,000,597
Prudential Financial, Inc., 5.75% (a)		82,694		1,952,405
Prudential Financial, Inc., 5.70% (a)		102,109		2,384,245
Prudential PLC, 6.75% (a)		35,954		918,265
Prudential PLC, 6.50% (a)		43,145		1,090,706
Reinsurance Group of America, Inc., 6.20% (a)		57,526		1,523,864
Renaissancere Holdings Ltd. Series E, 5.38%		39,549		809,173
The Allstate Corp., 6.75% (a)		55,369		1,401,389
The Allstate Corp., 6.63%		107,502		2,704,750
The Allstate Corp., 5.63% (a)		41,347		963,385
The Allstate Corp., 5.10% (a)		71,907		1,790,484
WR Berkley Corp., 5.63% (a)		50,335		1,084,216

				46,344,219

MACHINERY — 1.1%
Stanley Black & Decker, Inc., 5.75% (a)		107,861		2,585,428

MEDIA — 0.4%
Comcast Corp., 5.00% (a)		41,347		983,232

MULTI-UTILITIES — 2.0%
Dominion Resources, Inc. Series A, 8.38% (a)		98,513		2,512,082
DTE Energy Co., 6.50% (a)		40,268		1,026,834
Integrys Energy Group, Inc., 6.00% (a)		57,526		1,450,230

				4,989,146

REAL ESTATE INVESTMENT TRUSTS — 11.2%
Digital Realty Trust, Inc. Series E, 7.00% (a)		41,347		1,007,626
Digital Realty Trust, Inc. Series G, 5.88% (a)		35,954		732,024
Health Care REIT, Inc. Series J, 6.50%		41,347		1,017,136
Hospitality Properties Trust Series J, 7.13% (a)		41,706		1,057,247
Kimco Realty Corp. Series I, 6.00% (a)		57,526		1,305,840
National Retail Properties, Inc., 5.70% (a)		41,347		865,806
National Retail Properties, Inc. Series D, 6.63%		41,347		1,002,251
PS Business Parks, Inc., 6.00% (a)		50,335		1,132,538
Public Storage, 5.90% (a)		66,155		1,565,227
Public Storage, 5.63% (a)		41,347		931,135
Public Storage, 5.38% (a)		71,188		1,531,966
Public Storage, 5.20% (a)		71,907		1,511,485
Public Storage Series Q, 6.50% (a)		53,931		1,383,870
Public Storage Series R, 6.35% (a)		70,110		1,767,473
Public Storage Series T, 5.75% (a)		66,514		1,536,473
Realty Income Corp. Series F, 6.63% (a)		58,784		1,480,769
Regency Centers Corp. Series 6, 6.63% (a)		35,954		855,705
Senior Housing Properties Trust, 5.63% (a)		50,335		1,099,820
Ventas Realty LP/Ventas Capital Corp., 5.45% (a)		37,212		859,597
Vornado Realty LP, 7.88%		66,155		1,706,799
Vornado Realty Trust, 5.70% (a)		43,145		937,109
Vornado Realty Trust, 5.40% (a)		43,145		904,751
Vornado Realty Trust Series I, 6.63% (a)		38,830		969,973

				27,162,620

WIRELESS TELECOMMUNICATION SERVICES — 0.5%
US Cellular Corp., 6.95% (a)		49,185		1,247,823

TOTAL PREFERRED STOCKS —
(Cost $252,967,046)				242,268,629

SHORT TERM INVESTMENTS — 19.4%
MONEY MARKET FUNDS — 19.4%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		46,449,251		46,449,251
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		713,636		713,636

TOTAL SHORT TERM INVESTMENTS —
(Cost $47,162,887)				47,162,887

TOTAL INVESTMENTS — 119.0% (f)
(Cost $300,129,933)				289,431,516
OTHER ASSETS & LIABILITIES — (19.0)%				(46,191,136	)

NET ASSETS — 100.0%			$	243,240,380


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Affiliated issuer (See accompanying Notes to Schedules of Investments).
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

185

SPDR Barclays 1-3 Month T-Bill ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

U.S. TREASURY OBLIGATIONS — 99.9%
Treasury Bills*
0.02%, 5/15/2014	$	131,520,000	$	131,516,790
0.03%, 6/5/2014		96,322,000		96,318,524
0.03%, 6/12/2014		96,322,000		96,318,149
0.03%, 6/19/2014		96,322,000		96,317,774
0.03%, 5/22/2014		107,422,000		107,418,959
0.04%, 6/26/2014		142,618,000		142,606,760
0.04%, 5/1/2014		150,034,000		150,031,505
0.04%, 5/29/2014		144,472,000		144,467,348
0.05%, 5/8/2014		105,568,000		105,565,068

TOTAL U.S. TREASURY OBLIGATIONS —
(Cost $1,070,549,205)				1,070,560,877

	Shares
SHORT TERM INVESTMENT — 0.1%
MONEY MARKET FUND — 0.1%
State Street Institutional Liquid Reserves Fund 0.08% (a)(b)(c) (Cost $866,344)		866,344		866,344

TOTAL INVESTMENTS — 100.0% (d)
(Cost $1,071,415,549)				1,071,427,221
OTHER ASSETS & LIABILITIES — 0.0% (e)				(382,797	)

NET ASSETS — 100.0%			$	1,071,044,424


*		Rate shown is the discount rate at time of purchase, not a coupon rate
(a)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(b)		The rate shown is the annualized seven-day yield at period end.
(c)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(d)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(e)		Amount shown represents less than 0.05% of net assets.

186

SPDR Barclays TIPS ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

U.S. TREASURY OBLIGATIONS — 99.6%
Treasury Inflation Protected Indexed Bonds
0.75%, 2/15/2042	$	14,653,606	$	12,799,046
1.38%, 2/15/2044		5,543,656		5,669,276
1.75%, 1/15/2028		10,684,219		11,862,795
2.00%, 1/15/2026		14,426,068		16,452,497
2.13%, 2/15/2040		10,048,550		12,048,814
2.13%, 2/15/2041		15,680,792		18,856,153
2.38%, 1/15/2025		21,267,452		25,079,005
2.38%, 1/15/2027		11,701,103		13,918,812
2.50%, 1/15/2029		9,435,017		11,470,905
3.38%, 4/15/2032 (a)		4,042,636		5,599,698
3.63%, 4/15/2028		14,855,452		20,233,571
3.88%, 4/15/2029		16,978,831		24,006,539
Treasury Inflation Protected Indexed Notes
0.13%, 4/15/2016		24,884,900		25,573,216
0.13%, 4/15/2017		28,005,036		28,814,662
0.13%, 4/15/2018		30,966,088		31,696,578
0.13%, 1/15/2022		26,113,214		25,603,223
0.13%, 7/15/2022		25,524,348		25,017,945
0.13%, 1/15/2023		25,429,234		24,618,804
0.38%, 7/15/2023		25,222,193		24,954,333
0.50%, 4/15/2015		13,677,461		13,961,678
0.63%, 7/15/2021		22,766,721		23,456,780
0.63%, 1/15/2024		17,180,902		17,253,405
0.63%, 2/15/2043		14,321,526		12,014,472
1.13%, 1/15/2021		24,004,345		25,504,617
1.25%, 7/15/2020		21,256,123		22,930,042
1.38%, 7/15/2018 (a)		9,941,611		10,792,911
1.38%, 1/15/2020		12,561,449		13,587,971
1.63%, 1/15/2018 (a)		11,215,639		12,181,193
1.88%, 7/15/2015 (a)		12,512,674		13,124,669
1.88%, 7/15/2019 (a)		10,185,013		11,343,558
2.00%, 1/15/2016 (a)		12,262,514		13,019,357
2.13%, 1/15/2019 (a)		9,840,263		10,996,493
2.38%, 1/15/2017		12,246,203		13,419,144
2.50%, 7/15/2016		14,177,927		15,476,058
2.63%, 7/15/2017 (a)		9,670,101		10,836,509

TOTAL U.S. TREASURY OBLIGATIONS —
(Cost $606,742,285)				604,174,729

	Shares
SHORT TERM INVESTMENTS — 7.4%
MONEY MARKET FUNDS — 7.4%
State Street Navigator Securities Lending Prime Portfolio (b)(c)		44,212,293		44,212,293
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)		417,600		417,600

TOTAL SHORT TERM INVESTMENTS — (e)
(Cost $44,629,893)				44,629,893

TOTAL INVESTMENTS — 107.0% (f)
(Cost $651,372,178)				648,804,622
OTHER ASSETS & LIABILITIES — (7.0)%				(42,568,029	)

NET ASSETS — 100.0%			$	606,236,593


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Investments of cash collateral for securities loaned
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

187

SPDR Barclays 0-5 Year TIPS ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

U.S. TREASURY OBLIGATIONS — 99.5%
Treasury Inflation Protected Indexed Notes
0.13%, 4/15/2016	$	646,366	$	664,244
0.13%, 4/15/2017		727,007		748,025
0.13%, 4/15/2018		804,385		823,361
0.50%, 4/15/2015		364,792		372,372
1.38%, 7/15/2018		258,141		280,245
1.63%, 1/15/2015		369,922		379,632
1.63%, 1/15/2018		291,395		316,481
1.88%, 7/15/2015		324,663		340,543
2.00%, 7/15/2014		357,353		363,271
2.00%, 1/15/2016		318,172		337,810
2.13%, 1/15/2019		256,003		286,084
2.38%, 1/15/2017		317,784		348,221
2.50%, 7/15/2016		368,290		402,011
2.63%, 7/15/2017		251,657		282,012

TOTAL U.S. TREASURY OBLIGATIONS —
(Cost $5,980,776)				5,944,312

	Shares
SHORT TERM INVESTMENT — 0.8%
MONEY MARKET FUND — 0.8%
State Street Institutional Liquid Reserves Fund 0.08% (a)(b)(c) (Cost $47,234)		47,234		47,234

TOTAL INVESTMENTS — 100.3% (d)
(Cost $6,028,010)				5,991,546
OTHER ASSETS & LIABILITIES — (0.3)%				(16,957	)

NET ASSETS — 100.0%			$	5,974,589

188

SPDR Barclays 1-10 Year TIPS ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

U.S. TREASURY OBLIGATIONS — 99.7%
Treasury Inflation Protected Indexed Notes
0.13%, 4/15/2016 (a)	$	582,784	$	598,904
0.13%, 4/15/2017 (a)		654,920		673,853
0.13%, 4/15/2018		724,447		741,536
0.13%, 1/15/2022		610,720		598,793
0.13%, 7/15/2022		597,019		585,174
0.13%, 1/15/2023 (a)		594,794		575,838
0.38%, 7/15/2023 (a)		589,951		583,686
0.50%, 4/15/2015		329,174		336,014
0.63%, 7/15/2021		532,355		548,490
0.63%, 1/15/2024		401,980		403,677
1.13%, 1/15/2021		561,323		596,405
1.25%, 7/15/2020		497,621		536,808
1.38%, 7/15/2018		233,193		253,161
1.38%, 1/15/2020 (a)		294,189		318,230
1.63%, 1/15/2018 (a)		262,360		284,947
1.88%, 7/15/2015 (a)		293,398		307,748
1.88%, 7/15/2019 (a)		238,797		265,960
2.00%, 1/15/2016		280,459		297,769
2.13%, 1/15/2019 (a)		229,856		256,864
2.38%, 1/15/2017		286,467		313,905
2.50%, 7/15/2016		332,386		362,819
2.63%, 7/15/2017		225,700		252,923

TOTAL U.S. TREASURY OBLIGATIONS —
(Cost $9,900,818)				9,693,504

	Shares
SHORT TERM INVESTMENTS — 15.6%
MONEY MARKET FUNDS — 15.6%
State Street Navigator Securities Lending Prime Portfolio (b)(c)		1,504,113		1,504,113
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)		8,633		8,633

TOTAL SHORT TERM INVESTMENTS — (e)
(Cost $1,512,746)				1,512,746

TOTAL INVESTMENTS — 115.3% (f)
(Cost $11,413,564)				11,206,250
OTHER ASSETS & LIABILITIES — (15.3)%				(1,487,685	)

NET ASSETS — 100.0%			$	9,718,565


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Investments of cash collateral for securities loaned
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

189

SPDR Barclays Short Term Treasury ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

U.S. TREASURY OBLIGATIONS — 99.6%
Treasury Bonds
7.25%, 5/15/2016	$	66,000	$	75,392
7.50%, 11/15/2016 (a)		70,000		82,315
8.75%, 5/15/2017		35,000		43,380
8.88%, 8/15/2017		20,000		25,167
8.88%, 2/15/2019		30,000		40,206
9.00%, 11/15/2018		25,000		33,318
9.13%, 5/15/2018		15,000		19,675
9.25%, 2/15/2016		21,000		24,478
9.88%, 11/15/2015		21,000		24,261
10.63%, 8/15/2015		14,000		16,001
Treasury Notes
0.13%, 4/30/2015 (a)		190,000		189,962
0.25%, 5/15/2015 (a)		200,000		200,218
0.25%, 5/31/2015		125,000		125,131
0.25%, 7/15/2015		175,000		175,150
0.25%, 7/31/2015		182,000		182,157
0.25%, 8/15/2015		155,000		155,127
0.25%, 9/15/2015 (a)		175,000		175,061
0.25%, 9/30/2015 (a)		100,000		100,035
0.25%, 10/15/2015		140,000		139,994
0.25%, 10/31/2015		175,000		174,963
0.25%, 11/30/2015		175,000		174,878
0.25%, 12/15/2015		175,000		174,816
0.25%, 12/31/2015 (a)		125,000		124,831
0.25%, 2/29/2016 (a)		100,000		99,734
0.25%, 4/15/2016		175,000		174,279
0.25%, 5/15/2016		175,000		174,108
0.38%, 4/15/2015		150,000		150,344
0.38%, 6/15/2015 (a)		161,000		161,415
0.38%, 6/30/2015		175,000		175,458
0.38%, 8/31/2015		175,000		175,423
0.38%, 11/15/2015		115,000		115,175
0.38%, 1/15/2016		125,000		125,064
0.38%, 1/31/2016 (a)		175,000		175,054
0.38%, 2/15/2016		140,000		139,997
0.38%, 3/15/2016		155,000		154,896
0.38%, 3/31/2016		150,000		149,836
0.50%, 6/15/2016		155,000		154,893
0.50%, 7/31/2017		175,000		171,651
0.63%, 7/15/2016		175,000		175,226
0.63%, 8/15/2016 (a)		101,000		101,038
0.63%, 10/15/2016		150,000		149,748
0.63%, 11/15/2016 (a)		160,000		159,562
0.63%, 12/15/2016 (a)		100,000		99,616
0.63%, 2/15/2017 (a)		100,000		99,363
0.63%, 5/31/2017		125,000		123,555
0.63%, 8/31/2017		175,000		172,044
0.63%, 9/30/2017		140,000		137,399
0.63%, 11/30/2017		175,000		171,099
0.63%, 4/30/2018		175,000		169,515
0.75%, 1/15/2017 (a)		150,000		149,777
0.75%, 3/15/2017		125,000		124,531
0.75%, 6/30/2017		175,000		173,374
0.75%, 10/31/2017 (a)		100,000		98,386
0.75%, 12/31/2017		110,000		107,859
0.75%, 2/28/2018		100,000		97,706
0.75%, 3/31/2018		100,000		97,529
0.88%, 9/15/2016		151,000		151,850
0.88%, 11/30/2016		182,000		182,628
0.88%, 12/31/2016		189,000		189,450
0.88%, 1/31/2017		125,000		125,160
0.88%, 2/28/2017		146,000		146,022
0.88%, 4/30/2017		125,000		124,726
0.88%, 1/31/2018		140,000		137,719
1.00%, 8/31/2016		168,000		169,495
1.00%, 9/30/2016		118,000		118,978
1.00%, 10/31/2016		153,000		154,144
1.00%, 3/31/2017		135,000		135,348
1.00%, 5/31/2018		105,000		103,084
1.25%, 8/31/2015		150,000		152,235
1.25%, 9/30/2015		210,000		213,196
1.25%, 10/31/2015		125,000		126,941
1.25%, 10/31/2018		100,000		98,400
1.25%, 11/30/2018		175,000		171,945
1.25%, 1/31/2019 (a)		125,000		122,471
1.38%, 11/30/2015 (a)		125,000		127,231
1.38%, 6/30/2018		175,000		174,181
1.38%, 7/31/2018		175,000		173,945
1.38%, 9/30/2018		225,000		222,993
1.38%, 11/30/2018 (a)		75,000		74,162
1.38%, 12/31/2018		100,000		98,723
1.38%, 2/28/2019		150,000		147,588
1.50%, 6/30/2016		182,000		185,833
1.50%, 7/31/2016		168,000		171,562
1.50%, 8/31/2018		200,000		199,638
1.50%, 12/31/2018		125,000		124,058
1.50%, 1/31/2019 (a)		125,000		123,899
1.50%, 2/28/2019 (a)		115,000		113,850
1.50%, 3/31/2019		75,000		74,140
1.63%, 3/31/2019		150,000		149,238
1.75%, 7/31/2015		139,000		141,894
1.75%, 5/31/2016		74,000		75,969
1.75%, 10/31/2018 (a)		50,000		50,332
1.88%, 6/30/2015		136,000		138,879
1.88%, 8/31/2017		75,000		76,904
1.88%, 9/30/2017		90,000		92,200
1.88%, 10/31/2017		105,000		107,503
2.00%, 1/31/2016		168,000		173,030
2.00%, 4/30/2016		79,000		81,493
2.13%, 5/31/2015		164,000		167,734
2.13%, 12/31/2015		143,000		147,457
2.13%, 2/29/2016		105,000		108,473
2.25%, 3/31/2016 (a)		55,000		56,987
2.25%, 11/30/2017		105,000		108,799
2.25%, 7/31/2018		35,000		36,106
2.38%, 3/31/2016		105,000		109,080
2.38%, 7/31/2017		105,000		109,452
2.38%, 5/31/2018		70,000		72,692
2.38%, 6/30/2018		70,000		72,637
2.50%, 4/30/2015		210,000		215,292
2.50%, 6/30/2017		65,000		68,043
2.63%, 2/29/2016		84,000		87,581
2.63%, 4/30/2016		91,000		95,070
2.63%, 1/31/2018		20,000		20,996
2.63%, 4/30/2018		50,000		52,450
2.75%, 11/30/2016		147,000		154,762
2.75%, 5/31/2017 (a)		70,000		73,840
2.75%, 12/31/2017 (a)		84,000		88,589
2.75%, 2/28/2018		70,000		73,808
2.75%, 2/15/2019		150,000		157,514

190

SPDR Barclays Short Term Treasury ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

2.88%, 3/31/2018 (a)	$	70,000	$	74,138
3.00%, 8/31/2016		54,000		57,081
3.00%, 9/30/2016		126,000		133,338
3.00%, 2/28/2017		105,000		111,452
3.13%, 10/31/2016		100,000		106,211
3.13%, 1/31/2017		111,000		118,173
3.13%, 4/30/2017		60,000		63,961
3.25%, 5/31/2016		77,000		81,599
3.25%, 6/30/2016		112,000		118,784
3.25%, 7/31/2016		79,000		83,911
3.25%, 12/31/2016		126,000		134,426
3.25%, 3/31/2017 (a)		90,000		96,283
3.50%, 2/15/2018		140,000		151,556
3.75%, 11/15/2018 (a)		150,000		164,474
3.88%, 5/15/2018		70,000		76,980
4.00%, 8/15/2018 (a)		75,000		83,017
4.13%, 5/15/2015		122,000		127,405
4.25%, 8/15/2015		168,000		177,312
4.25%, 11/15/2017 (a)		105,000		116,352
4.50%, 11/15/2015 (a)		140,000		149,538
4.50%, 2/15/2016		133,000		143,276
4.50%, 5/15/2017		91,000		100,871
4.63%, 11/15/2016		126,000		138,804
4.63%, 2/15/2017		91,000		100,775
4.75%, 8/15/2017 (a)		70,000		78,505
4.88%, 8/15/2016		37,000		40,727
5.13%, 5/15/2016		98,000		107,592

TOTAL U.S. TREASURY OBLIGATIONS —
(Cost $17,952,252)				17,918,110

	Shares
SHORT TERM INVESTMENTS — 12.2%
MONEY MARKET FUNDS — 12.2%
State Street Navigator Securities Lending Prime Portfolio (b)(c)		1,641,431		1,641,431
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)		553,597		553,597

TOTAL SHORT TERM INVESTMENTS — (e)
(Cost $2,195,028)				2,195,028

TOTAL INVESTMENTS — 111.8% (f)
(Cost $20,147,280)				20,113,138
OTHER ASSETS & LIABILITIES — (11.8)%				(2,123,280	)

NET ASSETS — 100.0%			$	17,989,858


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Investments of cash collateral for securities loaned
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

191

SPDR Barclays Intermediate Term Treasury ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

U.S. TREASURY OBLIGATIONS — 99.2%
Treasury Bonds
6.25%, 8/15/2023 (a)	$	211,000	$	275,355
7.13%, 2/15/2023		187,000		255,324
7.25%, 5/15/2016		363,000		414,659
7.25%, 8/15/2022		178,000		242,826
7.50%, 11/15/2016 (a)		235,000		276,344
7.63%, 11/15/2022		158,000		221,195
7.88%, 2/15/2021 (a)		122,000		166,282
8.00%, 11/15/2021		298,000		415,570
8.13%, 8/15/2019		275,000		364,334
8.13%, 5/15/2021		56,000		77,709
8.13%, 8/15/2021 (a)		56,000		78,183
8.50%, 2/15/2020		122,000		166,541
8.75%, 5/15/2017		188,000		233,013
8.75%, 5/15/2020 (a)		100,000		138,965
8.75%, 8/15/2020		187,000		261,663
8.88%, 8/15/2017 (a)		122,000		153,516
8.88%, 2/15/2019 (a)		188,000		251,956
9.00%, 11/15/2018		144,000		191,909
9.13%, 5/15/2018		199,000		261,026
9.25%, 2/15/2016		145,000		169,013
9.88%, 11/15/2015		167,000		192,935
10.63%, 8/15/2015		103,000		117,719
Treasury Notes
0.13%, 4/30/2015 (a)		1,022,000		1,021,796
0.25%, 5/15/2015 (a)		1,013,000		1,014,104
0.25%, 5/31/2015		1,022,000		1,023,073
0.25%, 7/15/2015		843,000		843,725
0.25%, 7/31/2015		1,030,000		1,030,886
0.25%, 8/15/2015		1,534,000		1,535,258
0.25%, 9/15/2015 (a)		784,000		784,274
0.25%, 9/30/2015 (a)		848,000		848,297
0.25%, 10/15/2015		784,000		783,969
0.25%, 10/31/2015		676,000		675,858
0.25%, 11/30/2015		1,348,000		1,347,056
0.25%, 12/15/2015		784,000		783,177
0.25%, 12/31/2015 (a)		1,000,000		998,650
0.25%, 2/29/2016 (a)		1,250,000		1,246,675
0.25%, 4/15/2016		784,000		780,770
0.25%, 5/15/2016		942,000		937,196
0.38%, 4/15/2015 (a)		1,062,000		1,064,432
0.38%, 6/15/2015 (a)		826,000		828,131
0.38%, 6/30/2015		1,760,000		1,764,611
0.38%, 8/31/2015		760,000		761,839
0.38%, 11/15/2015		784,000		785,192
0.38%, 1/15/2016 (a)		760,000		760,388
0.38%, 1/31/2016 (a)		1,037,000		1,037,321
0.38%, 2/15/2016 (a)		760,000		759,985
0.38%, 3/15/2016		784,000		783,475
0.38%, 3/31/2016		1,000,000		998,870
0.50%, 6/15/2016		2,119,000		2,117,538
0.50%, 7/31/2017		1,590,000		1,559,567
0.63%, 7/15/2016		690,000		690,890
0.63%, 8/15/2016 (a)		760,000		760,289
0.63%, 10/15/2016		1,508,000		1,505,467
0.63%, 11/15/2016 (a)		634,000		632,263
0.63%, 12/15/2016 (a)		1,000,000		996,160
0.63%, 2/15/2017 (a)		1,250,000		1,242,037
0.63%, 5/31/2017		1,670,000		1,650,695
0.63%, 8/31/2017		1,534,000		1,508,091
0.63%, 9/30/2017		690,000		677,180
0.63%, 11/30/2017		1,550,000		1,515,451
0.63%, 4/30/2018		746,000		722,620
0.75%, 1/15/2017 (a)		1,037,000		1,035,455
0.75%, 3/15/2017		750,000		747,157
0.75%, 6/30/2017		837,000		829,224
0.75%, 10/31/2017 (a)		1,588,000		1,562,370
0.75%, 12/31/2017		670,000		656,962
0.75%, 2/28/2018		760,000		742,566
0.75%, 3/31/2018		784,000		764,627
0.88%, 9/15/2016		848,000		852,774
0.88%, 11/30/2016		919,000		922,171
0.88%, 12/31/2016		1,699,000		1,703,044
0.88%, 1/31/2017		820,000		821,050
0.88%, 2/28/2017		1,650,000		1,650,247
0.88%, 4/30/2017		1,670,000		1,666,343
0.88%, 1/31/2018		647,000		636,460
0.88%, 7/31/2019		356,000		338,086
1.00%, 8/31/2016		919,000		927,179
1.00%, 9/30/2016		1,877,000		1,892,560
1.00%, 10/31/2016		1,627,000		1,639,170
1.00%, 3/31/2017		847,000		849,185
1.00%, 5/31/2018		1,638,000		1,608,107
1.00%, 6/30/2019		407,000		389,930
1.00%, 8/31/2019		534,000		509,543
1.00%, 9/30/2019		550,000		523,803
1.00%, 11/30/2019		550,000		521,235
1.13%, 5/31/2019		430,000		415,578
1.13%, 12/31/2019		708,000		674,568
1.13%, 3/31/2020 (a)		639,000		605,088
1.13%, 4/30/2020		708,000		668,954
1.25%, 8/31/2015 (a)		891,000		904,276
1.25%, 9/30/2015		882,000		895,424
1.25%, 10/31/2015		898,000		911,946
1.25%, 10/31/2018		718,000		706,512
1.25%, 11/30/2018		1,676,000		1,646,737
1.25%, 1/31/2019		502,000		491,844
1.25%, 4/30/2019 (a)		335,000		326,521
1.25%, 10/31/2019		321,000		309,569
1.25%, 2/29/2020		617,000		589,574
1.38%, 11/30/2015 (a)		928,000		944,565
1.38%, 6/30/2018		690,000		686,771
1.38%, 7/31/2018		690,000		685,839
1.38%, 9/30/2018		1,873,000		1,856,293
1.38%, 11/30/2018		343,000		339,169
1.38%, 12/31/2018		431,000		425,496
1.38%, 2/28/2019		1,320,000		1,298,774
1.38%, 1/31/2020 (a)		568,000		548,006
1.38%, 5/31/2020		588,000		563,263
1.50%, 6/30/2016		903,000		922,017
1.50%, 7/31/2016		919,000		938,483
1.50%, 8/31/2018		2,146,000		2,142,116
1.50%, 12/31/2018		1,250,000		1,240,575
1.50%, 1/31/2019 (a)		778,000		771,146
1.50%, 2/28/2019 (a)		1,250,000		1,237,500
1.50%, 3/31/2019		320,000		316,330
1.63%, 3/31/2019		750,000		746,145
1.63%, 8/15/2022		716,000		665,744
1.63%, 11/15/2022		1,366,000		1,264,042
1.75%, 7/31/2015		1,769,000		1,805,831
1.75%, 5/31/2016		689,000		707,334

192

SPDR Barclays Intermediate Term Treasury ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

1.75%, 10/31/2018 (a)	$	387,000	$	389,570
1.75%, 10/31/2020		1,508,000		1,464,208
1.75%, 5/15/2022 (a)		1,021,000		963,395
1.75%, 5/15/2023		2,404,000		2,226,729
1.88%, 6/30/2015		764,000		780,174
1.88%, 8/31/2017		815,000		835,685
1.88%, 9/30/2017		680,000		696,619
1.88%, 10/31/2017		683,000		699,283
1.88%, 6/30/2020		480,000		472,824
2.00%, 1/31/2016		807,000		831,162
2.00%, 4/30/2016		614,000		633,378
2.00%, 7/31/2020 (a)		550,000		545,644
2.00%, 9/30/2020		598,000		590,920
2.00%, 11/30/2020		1,424,000		1,402,469
2.00%, 2/28/2021		1,000,000		981,020
2.00%, 11/15/2021 (a)		1,055,000		1,023,561
2.00%, 2/15/2022		870,000		841,003
2.00%, 2/15/2023		1,550,000		1,473,848
2.13%, 5/31/2015		1,975,000		2,019,971
2.13%, 12/31/2015		870,000		897,118
2.13%, 2/29/2016		431,000		445,257
2.13%, 8/31/2020		634,000		632,193
2.13%, 1/31/2021		519,000		513,852
2.13%, 8/15/2021		1,036,000		1,017,891
2.25%, 3/31/2016 (a)		612,000		634,111
2.25%, 11/30/2017		521,000		539,850
2.25%, 7/31/2018		279,000		287,819
2.25%, 3/31/2021		1,000,000		996,290
2.38%, 3/31/2016		394,000		409,311
2.38%, 7/31/2017		695,000		724,468
2.38%, 5/31/2018		408,000		423,688
2.38%, 6/30/2018		407,000		422,332
2.38%, 12/31/2020 (a)		1,000,000		1,007,810
2.50%, 4/30/2015		1,014,000		1,039,553
2.50%, 6/30/2017 (a)		497,000		520,270
2.50%, 8/15/2023 (a)		1,642,000		1,618,142
2.63%, 2/29/2016 (a)		307,000		320,087
2.63%, 4/30/2016		311,000		324,911
2.63%, 1/31/2018 (a)		360,000		377,924
2.63%, 4/30/2018		489,000		512,961
2.63%, 8/15/2020		916,000		942,051
2.63%, 11/15/2020		2,485,000		2,549,213
2.75%, 11/30/2016		797,000		839,081
2.75%, 5/31/2017 (a)		555,000		585,442
2.75%, 12/31/2017 (a)		516,000		544,189
2.75%, 2/28/2018		446,000		470,262
2.75%, 2/15/2019		735,000		771,816
2.75%, 11/15/2023		1,933,000		1,941,466
2.75%, 2/15/2024 (a)		1,150,000		1,152,426
2.88%, 3/31/2018		442,000		468,131
3.00%, 8/31/2016		665,000		702,945
3.00%, 9/30/2016		482,000		510,072
3.00%, 2/28/2017		415,000		440,502
3.13%, 10/31/2016		1,496,000		1,588,917
3.13%, 1/31/2017		796,000		847,438
3.13%, 4/30/2017		554,000		590,569
3.13%, 5/15/2019		737,000		786,254
3.13%, 5/15/2021		872,000		918,591
3.25%, 5/31/2016		284,000		300,963
3.25%, 6/30/2016		584,000		619,373
3.25%, 7/31/2016		535,000		568,256
3.25%, 12/31/2016		558,000		595,313
3.25%, 3/31/2017 (a)		485,000		518,858
3.38%, 11/15/2019		936,000		1,009,598
3.50%, 2/15/2018		625,000		676,587
3.50%, 5/15/2020		927,000		1,004,340
3.63%, 8/15/2019		714,000		779,674
3.63%, 2/15/2020 (a)		1,069,000		1,166,664
3.63%, 2/15/2021		1,100,000		1,196,690
3.75%, 11/15/2018		745,000		816,885
3.88%, 5/15/2018		365,000		401,394
4.00%, 8/15/2018 (a)		275,000		304,395
4.13%, 5/15/2015		1,562,000		1,631,196
4.25%, 8/15/2015		803,000		847,510
4.25%, 11/15/2017		388,000		429,947
4.50%, 11/15/2015		607,000		648,355
4.50%, 2/15/2016		532,000		573,102
4.50%, 5/15/2017		392,000		434,520
4.63%, 11/15/2016		607,000		668,683
4.63%, 2/15/2017 (a)		328,000		363,234
4.75%, 8/15/2017 (a)		369,000		413,833
4.88%, 8/15/2016		475,000		522,847
5.13%, 5/15/2016		355,000		389,747

TOTAL U.S. TREASURY OBLIGATIONS —
(Cost $165,408,882)				164,813,201

	Shares
SHORT TERM INVESTMENTS — 13.5%
MONEY MARKET FUNDS — 13.5%
State Street Navigator Securities Lending Prime Portfolio (b)(c)		17,728,735		17,728,735
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)		4,736,368		4,736,368

TOTAL SHORT TERM INVESTMENTS — (e)
(Cost $22,465,103)				22,465,103

TOTAL INVESTMENTS — 112.7% (f)
(Cost $187,873,985)				187,278,304
OTHER ASSETS & LIABILITIES — (12.7)%				(21,100,327	)

NET ASSETS — 100.0%			$	166,177,977


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Investments of cash collateral for securities loaned
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedule of Investments).

193

SPDR Barclays Long Term Treasury ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

U.S. TREASURY OBLIGATIONS — 99.1%
Treasury Bonds
2.75%, 8/15/2042	$	2,474,000	$	2,112,351
2.75%, 11/15/2042		2,961,000		2,522,565
2.88%, 5/15/2043		3,530,000		3,080,737
3.00%, 5/15/2042		1,533,000		1,382,076
3.13%, 11/15/2041 (a)		1,585,000		1,469,089
3.13%, 2/15/2042		2,014,000		1,864,058
3.13%, 2/15/2043		2,860,000		2,632,086
3.50%, 2/15/2039		1,025,000		1,028,342
3.63%, 8/15/2043		3,393,000		3,434,123
3.63%, 2/15/2044		2,234,000		2,259,646
3.75%, 8/15/2041		1,587,000		1,653,464
3.75%, 11/15/2043		3,443,000		3,564,779
3.88%, 8/15/2040		1,543,000		1,644,545
4.25%, 5/15/2039		999,000		1,130,878
4.25%, 11/15/2040		1,671,000		1,892,792
4.38%, 2/15/2038		583,000		671,972
4.38%, 11/15/2039		1,319,000		1,522,429
4.38%, 5/15/2040 (a)		1,621,000		1,872,061
4.38%, 5/15/2041 (a)		1,215,000		1,404,504
4.50%, 2/15/2036		1,264,000		1,483,519
4.50%, 5/15/2038		655,000		769,094
4.50%, 8/15/2039		1,206,000		1,418,340
4.63%, 2/15/2040 (a)		1,887,000		2,262,192
4.75%, 2/15/2037		379,000		460,557
4.75%, 2/15/2041		1,566,000		1,916,032
5.00%, 5/15/2037		531,000		666,894
5.25%, 11/15/2028 (a)		711,000		889,475
5.25%, 2/15/2029		578,000		723,176
5.38%, 2/15/2031		1,140,000		1,458,573
5.50%, 8/15/2028 (a)		540,000		690,811
6.00%, 2/15/2026		679,000		892,980
6.13%, 11/15/2027		878,000		1,182,543
6.13%, 8/15/2029 (a)		389,000		530,475
6.25%, 5/15/2030 (a)		697,000		967,527
6.38%, 8/15/2027		327,000		448,817
6.50%, 11/15/2026		423,000		582,729
6.63%, 2/15/2027 (a)		335,000		466,950
6.75%, 8/15/2026 (a)		332,000		465,102
6.88%, 8/15/2025 (a)		352,000		491,656
7.50%, 11/15/2024 (a)		340,000		490,209
7.63%, 2/15/2025 (a)		351,000		512,446

TOTAL U.S. TREASURY OBLIGATIONS —
(Cost $60,722,457)				56,912,594

	Shares
SHORT TERM INVESTMENTS — 8.5%
MONEY MARKET FUNDS — 8.5%
State Street Navigator Securities Lending Prime Portfolio (b)(c)		4,872,489		4,872,489
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)		35,718		35,718

TOTAL SHORT TERM INVESTMENTS — (e)
(Cost $4,908,207)				4,908,207

TOTAL INVESTMENTS — 107.6% (f)
(Cost $65,630,664)				61,820,801
OTHER ASSETS & LIABILITIES — (7.6)%				(4,368,357	)

NET ASSETS — 100.0%			$	57,452,444


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Investments of cash collateral for securities loaned
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedule of Investments).

194

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 98.2%
AEROSPACE & DEFENSE — 0.5%
Exelis, Inc. 4.25%, 10/1/2016	$	2,260,000	$	2,367,053
General Dynamics Corp. 2.25%, 7/15/2016		1,500,000		1,553,052
L-3 Communications Corp. 3.95%, 11/15/2016 (a)		1,231,000		1,313,511
Lockheed Martin Corp.:
2.13%, 9/15/2016		3,584,000		3,686,875
7.65%, 5/1/2016		250,000		282,911
Precision Castparts Corp. 0.70%, 12/20/2015		2,100,000		2,105,751
United Technologies Corp. 4.88%, 5/1/2015		4,150,000		4,346,739

				15,655,892

AIRLINES — 0.2%
Southwest Airlines Co.:
5.25%, 10/1/2014 (a)		1,620,000		1,655,664
5.75%, 12/15/2016		2,500,000		2,784,873
UAL 2009-1 Pass Through Trust 10.40%, 5/1/2018 (b)		1,142,483		1,291,006

				5,731,543

AUTO COMPONENTS — 0.1%
Johnson Controls, Inc. 5.50%, 1/15/2016		2,473,000		2,675,220

BANKS — 17.6%
Abbey National Treasury Services PLC:
1.38%, 3/13/2017		6,000,000		6,000,810
4.00%, 4/27/2016		6,186,000		6,560,416
American Express Bank FSB 6.00%, 9/13/2017		600,000		687,604
American Express Centurion Bank 0.88%, 11/13/2015		3,100,000		3,109,216
Associated Banc-Corp. 5.13%, 3/28/2016		1,400,000		1,490,718
Australia & New Zealand Banking Group, Ltd.:
0.90%, 2/12/2016 (a)		4,795,000		4,809,195
1.25%, 1/10/2017		3,900,000		3,902,077
Bancolombia SA 4.25%, 1/12/2016 (a)		2,500,000		2,606,500
Bank of Montreal:
0.80%, 11/6/2015		4,050,000		4,063,517
1.30%, 7/15/2016 (a)		5,757,000		5,810,382
2.50%, 1/11/2017		8,500,000		8,793,771
Bank of Nova Scotia:
0.75%, 10/9/2015		5,412,000		5,429,231
0.95%, 3/15/2016 (a)		2,400,000		2,411,646
1.10%, 12/13/2016 (a)		4,100,000		4,109,824
1.38%, 7/15/2016		3,800,000		3,841,678
2.05%, 10/7/2015		4,800,000		4,909,353
2.55%, 1/12/2017 (a)		4,900,000		5,080,288
2.90%, 3/29/2016 (a)		5,150,000		5,371,951
Bank One Corp. 4.90%, 4/30/2015		3,050,000		3,181,486
Barclays Bank PLC:
3.90%, 4/7/2015		8,900,000		9,197,983
5.00%, 9/22/2016 (a)		9,349,000		10,251,336
BB&T Corp.:
1.60%, 8/15/2017		209,000		209,131
3.20%, 3/15/2016		3,450,000		3,597,087
3.95%, 4/29/2016		5,105,000		5,421,294
5.20%, 12/23/2015		3,450,000		3,685,713
BBVA US Senior SAU 4.66%, 10/9/2015		9,531,000		9,999,415
BNP Paribas SA:
1.25%, 12/12/2016		2,777,000		2,775,541
1.38%, 3/17/2017		3,000,000		2,997,806
2.38%, 9/14/2017		1,650,000		1,683,829
3.60%, 2/23/2016		10,400,000		10,924,258
BPCE SA:
1.63%, 2/10/2017		3,750,000		3,755,695
1.70%, 4/25/2016		1,000,000		1,011,204
Branch Banking & Trust Co.:
1.00%, 4/3/2017		4,300,000		4,264,559
1.05%, 12/1/2016		2,450,000		2,444,736
1.45%, 10/3/2016		3,050,000		3,073,126
Canadian Imperial Bank of Commerce/Canada:
0.90%, 10/1/2015		3,050,000		3,065,939
1.35%, 7/18/2016 (a)		3,020,000		3,048,084
2.35%, 12/11/2015 (a)		7,125,000		7,336,123
Capital One Financial Corp.:
1.00%, 11/6/2015		2,900,000		2,900,467
5.50%, 6/1/2015		2,719,000		2,864,388
Comerica Bank 5.75%, 11/21/2016		750,000		835,836
Comerica, Inc.:
3.00%, 9/16/2015		1,775,000		1,829,878
4.80%, 5/1/2015 (a)		493,000		512,957
Commonwealth Bank of Australia/New York, NY:
1.13%, 3/13/2017		5,250,000		5,231,006
1.25%, 9/18/2015		5,575,000		5,635,114
1.90%, 9/18/2017		300,000		303,119
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands:
2.13%, 10/13/2015		5,850,000		5,991,420
3.38%, 1/19/2017		10,370,000		10,980,176
Credit Suisse of New York, NY 3.50%, 3/23/2015		4,000,000		4,115,628
Deutsche Bank AG London:
1.40%, 2/13/2017		9,600,000		9,591,828
3.25%, 1/11/2016		7,779,000		8,109,101
Fifth Third Bancorp:
1.15%, 11/18/2016		3,750,000		3,744,965
3.63%, 1/25/2016		7,704,000		8,065,393
5.45%, 1/15/2017		951,000		1,049,074
Fifth Third Bank 0.90%, 2/26/2016		2,995,000		2,996,516
First Horizon National Corp. 5.38%, 12/15/2015		3,600,000		3,825,657
Intesa Sanpaolo SpA:
2.38%, 1/13/2017		6,500,000		6,490,281
3.13%, 1/15/2016		9,641,000		9,849,349
KeyBank NA:
1.10%, 11/25/2016 (a)		2,135,000		2,124,353
4.95%, 9/15/2015		1,686,000		1,779,418

195

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.45%, 3/3/2016 (a)	$	1,185,000	$	1,284,628
7.41%, 5/6/2015		2,600,000		2,782,000
KeyCorp 3.75%, 8/13/2015		2,836,000		2,942,287
Lloyds Bank PLC:
4.20%, 3/28/2017		1,000,000		1,080,830
4.88%, 1/21/2016 (a)		3,095,000		3,318,298
M&I Marshall & Ilsley Bank 4.85%, 6/16/2015		604,000		633,111
Manufacturers & Traders Trust Co.:
1.25%, 1/30/2017		3,677,000		3,670,848
5.59%, 12/28/2020		20,000		20,540
MUFG Capital Finance 1, Ltd. 6.35%, 12/31/2049		5,700,000		6,213,000
National Australia Bank/New York:
0.90%, 1/20/2016 (a)		2,500,000		2,509,399
1.30%, 7/25/2016		2,750,000		2,772,645
1.60%, 8/7/2015		7,550,000		7,648,082
2.75%, 3/9/2017		300,000		312,235
National Bank of Canada 1.50%, 6/26/2015		5,900,000		5,962,949
National City Bank:
5.25%, 12/15/2016		250,000		275,378
5.80%, 6/7/2017		150,000		168,874
PNC Bank NA:
0.80%, 1/28/2016		5,100,000		5,105,998
1.13%, 1/27/2017		4,300,000		4,287,469
1.15%, 11/1/2016		3,671,000		3,673,539
1.30%, 10/3/2016		2,376,000		2,386,658
PNC Funding Corp.:
2.70%, 9/19/2016		7,434,000		7,716,295
4.25%, 9/21/2015		2,482,000		2,606,626
5.25%, 11/15/2015		3,060,000		3,259,902
5.63%, 2/1/2017		750,000		829,310
Regions Financial Corp. 5.75%, 6/15/2015		3,600,000		3,792,276
Royal Bank of Canada:
0.80%, 10/30/2015		3,000,000		3,010,854
0.85%, 3/8/2016		3,960,000		3,972,185
1.15%, 3/13/2015		2,950,000		2,971,465
1.20%, 1/23/2017 (a)		6,000,000		5,999,935
1.45%, 9/9/2016 (a)		3,250,000		3,289,891
2.30%, 7/20/2016		6,000,000		6,197,986
2.63%, 12/15/2015		5,200,000		5,379,318
2.88%, 4/19/2016 (a)		4,565,000		4,762,947
Sumitomo Mitsui Banking Corp.:
0.90%, 1/18/2016 (a)		3,650,000		3,650,661
1.30%, 1/10/2017		3,150,000		3,147,396
1.35%, 7/18/2015		3,820,000		3,849,428
1.45%, 7/19/2016 (a)		2,100,000		2,117,131
SunTrust Bank/Atlanta GA:
1.35%, 2/15/2017		3,700,000		3,700,966
5.00%, 9/1/2015		2,215,000		2,339,567
SunTrust Banks, Inc.:
3.50%, 1/20/2017		2,910,000		3,064,481
3.60%, 4/15/2016		4,200,000		4,399,943
Svenska Handelsbanken AB 3.13%, 7/12/2016		4,950,000		5,181,992
The Bank of New York Mellon Corp. 2.95%, 6/18/2015 (a)		3,500,000		3,602,253
The Huntington National Bank:
1.30%, 11/20/2016		2,011,000		2,012,413
1.35%, 8/2/2016		2,302,000		2,306,998
The Royal Bank of Scotland PLC:
1.88%, 3/31/2017		2,500,000		2,503,250
3.95%, 9/21/2015		5,250,000		5,472,643
The Toronto-Dominion Bank:
1.50%, 9/9/2016 (a)		2,200,000		2,234,458
2.38%, 10/19/2016		10,450,000		10,840,459
2.50%, 7/14/2016		4,416,000		4,591,870
UBS Preferred Funding Trust V 6.24%, 5/29/2049		5,000,000		5,300,000
Union Bank NA:
1.50%, 9/26/2016		1,386,000		1,401,362
2.13%, 6/16/2017		200,000		203,079
3.00%, 6/6/2016		5,000,000		5,217,123
5.95%, 5/11/2016		560,000		616,368
US Bancorp:
2.45%, 7/27/2015		2,450,000		2,510,187
3.13%, 4/1/2015		1,250,000		1,284,191
3.44%, 2/1/2016		3,600,000		3,749,099
US Bank NA:
1.10%, 1/30/2017		10,000,000		10,005,320
3.78%, 4/29/2020		2,250,000		2,308,193
Vesey Street Investment Trust I 4.40%, 9/1/2016		1,875,000		2,009,203
Wachovia Bank NA 5.00%, 8/15/2015		5,151,000		5,454,239
Wachovia Corp.:
5.63%, 10/15/2016		6,722,000		7,461,447
5.75%, 6/15/2017		4,519,000		5,128,389
Wells Fargo & Co.:
1.25%, 7/20/2016		5,757,000		5,802,554
1.50%, 7/1/2015		8,450,000		8,546,462
2.10%, 5/8/2017		150,000		153,728
2.63%, 12/15/2016		2,785,000		2,903,058
3.63%, 4/15/2015		6,250,000		6,454,646
3.68%, 6/15/2016		9,380,000		9,947,042
5.13%, 9/15/2016		3,811,000		4,173,620
5.63%, 12/11/2017		4,250,000		4,847,998
Wells Fargo Bank NA:
0.75%, 7/20/2015 (a)		1,500,000		1,504,240
5.75%, 5/16/2016		3,850,000		4,235,925
Westpac Banking Corp.:
0.95%, 1/12/2016		5,350,000		5,379,335
1.05%, 11/25/2016 (a)		3,200,000		3,196,682
1.13%, 9/25/2015		6,220,000		6,269,101
3.00%, 8/4/2015		9,316,000		9,612,770
3.00%, 12/9/2015		3,198,000		3,327,330

				574,594,804

BEVERAGES — 2.4%
Anheuser-Busch Cos. LLC 5.60%, 3/1/2017		5,002,000		5,595,673
Anheuser-Busch InBev Finance, Inc.:
0.80%, 1/15/2016 (a)		1,700,000		1,704,468
1.13%, 1/27/2017		3,800,000		3,800,487
Anheuser-Busch InBev Worldwide, Inc.:
0.80%, 7/15/2015		6,050,000		6,066,912
1.38%, 7/15/2017		5,000,000		5,008,756
2.88%, 2/15/2016 (a)		800,000		832,275

196

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

3.63%, 4/15/2015	$	1,724,000	$	1,780,084
Beam, Inc. 5.38%, 1/15/2016		2,663,000		2,852,649
Brown-Forman Corp. 2.50%, 1/15/2016		1,236,000		1,278,174
Coca-Cola Enterprises, Inc.:
2.00%, 8/19/2016		750,000		766,194
2.13%, 9/15/2015		4,875,000		4,965,451
Coca-Cola HBC Finance BV 5.50%, 9/17/2015		2,935,000		3,118,034
Diageo Capital PLC:
0.63%, 4/29/2016		3,035,000		3,023,958
1.50%, 5/11/2017		5,100,000		5,126,277
5.50%, 9/30/2016		250,000		278,322
Diageo Finance BV 5.30%, 10/28/2015		2,600,000		2,785,637
Dr Pepper Snapple Group, Inc. 2.90%, 1/15/2016		2,150,000		2,230,422
PepsiCo, Inc.:
0.70%, 8/13/2015		3,475,000		3,480,103
0.70%, 2/26/2016		3,187,000		3,196,053
0.95%, 2/22/2017		3,035,000		3,023,772
2.50%, 5/10/2016		5,500,000		5,713,912
The Coca-Cola Co.:
0.75%, 11/1/2016		2,367,000		2,363,393
1.50%, 11/15/2015		3,325,000		3,378,123
1.80%, 9/1/2016		5,650,000		5,793,215

				78,162,344

BIOTECHNOLOGY — 0.8%
Amgen, Inc.:
2.13%, 5/15/2017 (a)		5,000,000		5,110,294
2.30%, 6/15/2016		2,172,000		2,226,241
2.50%, 11/15/2016 (a)		1,650,000		1,712,596
Celgene Corp. 2.45%, 10/15/2015		3,900,000		3,992,794
Genentech, Inc. 4.75%, 7/15/2015		4,732,000		4,984,857
Genzyme Corp. 3.63%, 6/15/2015 (a)		3,500,000		3,627,746
Gilead Sciences, Inc. 3.05%, 12/1/2016		855,000		897,772
Life Technologies Corp. 3.50%, 1/15/2016 (a)		3,310,000		3,451,521

				26,003,821

BUILDING MATERIALS — 0.3%
CRH America, Inc.:
4.13%, 1/15/2016		2,000,000		2,108,612
6.00%, 9/30/2016		6,125,000		6,816,965

				8,925,577

CAPITAL MARKETS — 6.0%
BlackRock, Inc. 1.38%, 6/1/2015		2,000,000		2,018,412
BNY Mellon NA 5.45%, 4/1/2016		1,608,000		1,750,284
Deutsche Bank Financial LLC 5.38%, 3/2/2015 (a)		3,500,000		3,643,667
HSBC Finance Capital Trust IX 5.91%, 11/30/2035		3,870,000		4,015,125
Jefferies Group LLC:
3.88%, 11/9/2015		3,000,000		3,118,326
5.50%, 3/15/2016		2,268,000		2,431,608
Morgan Stanley:
1.75%, 2/25/2016		7,132,000		7,221,345
3.45%, 11/2/2015		6,850,000		7,109,880
3.80%, 4/29/2016		13,300,000		14,004,076
4.00%, 7/24/2015		6,382,000		6,637,041
4.75%, 3/22/2017		5,750,000		6,268,852
5.38%, 10/15/2015		9,642,000		10,284,263
5.45%, 1/9/2017		3,450,000		3,810,636
5.55%, 4/27/2017		1,500,000		1,670,690
5.75%, 10/18/2016		7,928,000		8,791,774
6.00%, 4/28/2015		11,500,000		12,134,656
The Bank of New York Mellon Corp.:
0.70%, 10/23/2015		4,250,000		4,251,131
0.70%, 3/4/2016		1,750,000		1,747,266
1.97%, 6/20/2017		5,000,000		5,097,108
2.30%, 7/28/2016		615,000		634,448
The Bear Stearns Cos. LLC 5.55%, 1/22/2017		600,000		664,287
The Charles Schwab Corp. 0.85%, 12/4/2015		1,000,000		1,001,831
The Goldman Sachs Group, Inc.:
1.60%, 11/23/2015		12,190,000		12,310,567
3.30%, 5/3/2015		7,300,000		7,497,280
3.63%, 2/7/2016		18,300,000		19,143,066
3.70%, 8/1/2015		10,815,000		11,213,608
5.35%, 1/15/2016		10,914,000		11,732,851
5.63%, 1/15/2017		11,625,000		12,835,463
5.75%, 10/1/2016		10,550,000		11,678,590

				194,718,131

CHEMICALS — 1.1%
Airgas, Inc.:
2.95%, 6/15/2016		1,368,000		1,419,418
3.25%, 10/1/2015		2,756,000		2,849,677
E.I. du Pont de Nemours & Co.:
1.95%, 1/15/2016		1,500,000		1,532,408
2.75%, 4/1/2016 (a)		1,790,000		1,861,593
4.75%, 3/15/2015		3,284,000		3,415,847
5.25%, 12/15/2016		600,000		667,346
Eastman Chemical Co. 3.00%, 12/15/2015 (a)		2,405,000		2,486,871
Ecolab, Inc.:
1.00%, 8/9/2015		2,273,000		2,278,136
1.45%, 12/8/2017		300,000		296,478
3.00%, 12/8/2016		6,374,000		6,693,292
Monsanto Co. 2.75%, 4/15/2016		500,000		520,383
Potash Corp. of Saskatchewan, Inc. 3.75%, 9/30/2015		2,442,000		2,545,947
Praxair, Inc.:
0.75%, 2/21/2016 (a)		2,695,000		2,695,911
3.25%, 9/15/2015		735,000		762,836
4.63%, 3/30/2015		2,250,000		2,344,241
5.38%, 11/1/2016		35,000		38,817
Rohm & Haas Co. 6.00%, 9/15/2017		461,000		525,079

197

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

The Dow Chemical Co. 2.50%, 2/15/2016	$	2,805,000	$	2,888,021

				35,822,301

COMMERCIAL SERVICES & SUPPLIES — 0.5%
Affiliated Computer Services, Inc. 5.20%, 6/1/2015 (a)		2,365,000		2,477,572
Pitney Bowes, Inc. 4.75%, 1/15/2016 (a)		2,393,000		2,545,517
The Board Of Trustees Of The Leland Stanford Junior University 4.25%, 5/1/2016		531,000		570,124
The Western Union Co.:
2.38%, 12/10/2015		2,100,000		2,147,243
5.93%, 10/1/2016 (a)		5,300,000		5,861,628
Waste Management, Inc.:
2.60%, 9/1/2016		450,000		467,809
6.38%, 3/11/2015		1,820,000		1,916,478

				15,986,371

COMMUNICATIONS EQUIPMENT — 0.9%
Cisco Systems, Inc.:
1.10%, 3/3/2017 (a)		9,225,000		9,224,918
5.50%, 2/22/2016		16,300,000		17,803,325
Juniper Networks, Inc. 3.10%, 3/15/2016		2,400,000		2,478,438

				29,506,681

CONSUMER FINANCE — 1.4%
Caterpillar Financial Services Corp.:
0.70%, 11/6/2015		1,800,000		1,804,009
0.70%, 2/26/2016		1,120,000		1,122,333
1.00%, 11/25/2016		4,600,000		4,607,233
1.00%, 3/3/2017		4,000,000		3,978,201
1.10%, 5/29/2015		1,625,000		1,636,992
1.35%, 9/6/2016		2,000,000		2,024,501
2.05%, 8/1/2016 (a)		4,375,000		4,479,671
4.63%, 6/1/2015 (a)		2,013,000		2,108,205
John Deere Capital Corp.:
0.70%, 9/4/2015 (a)		1,900,000		1,906,207
0.75%, 1/22/2016 (a)		1,100,000		1,104,156
0.88%, 4/17/2015		2,050,000		2,059,455
0.95%, 6/29/2015		2,475,000		2,487,199
1.05%, 10/11/2016		3,200,000		3,214,393
1.05%, 12/15/2016		2,900,000		2,910,847
1.40%, 3/15/2017		1,250,000		1,248,547
1.85%, 9/15/2016		250,000		255,021
2.25%, 6/7/2016 (a)		2,130,000		2,200,475
2.95%, 3/9/2015		3,000,000		3,072,133
MBNA Corp. 5.00%, 6/15/2015 (a)		2,910,000		3,054,435

				45,274,013

DIVERSIFIED FINANCIAL SERVICES — 21.4%
Air Lease Corp.:
4.50%, 1/15/2016		3,900,000		4,104,750
5.63%, 4/1/2017		2,550,000		2,817,750
American Express Co.:
5.50%, 9/12/2016		1,100,000		1,212,611
6.15%, 8/28/2017		300,000		345,166
6.80%, 9/1/2066		4,000,000		4,360,000
American Express Credit Corp.:
1.30%, 7/29/2016		3,600,000		3,625,631
1.75%, 6/12/2015		11,934,000		12,088,556
2.75%, 9/15/2015		9,825,000		10,118,778
2.80%, 9/19/2016		10,900,000		11,366,052
5.30%, 12/2/2015		2,409,000		2,592,171
American Honda Finance Corp. 1.13%, 10/7/2016		2,862,000		2,877,140
Ameriprise Financial, Inc.:
5.65%, 11/15/2015		2,095,000		2,253,474
7.52%, 6/1/2066 (a)(b)		500,000		556,250
Aon Corp. 3.50%, 9/30/2015		3,768,000		3,911,542
Bank of America Corp.:
1.25%, 1/11/2016 (a)		4,775,000		4,797,490
1.35%, 11/21/2016		1,550,000		1,547,916
1.50%, 10/9/2015		7,700,000		7,763,626
3.63%, 3/17/2016		7,700,000		8,071,261
3.70%, 9/1/2015		6,750,000		7,013,288
3.75%, 7/12/2016		9,720,000		10,268,621
3.88%, 3/22/2017		5,750,000		6,123,326
4.50%, 4/1/2015		10,600,000		10,993,988
4.75%, 8/1/2015		6,700,000		7,039,945
5.25%, 12/1/2015 (a)		3,650,000		3,884,883
5.42%, 3/15/2017		1,150,000		1,267,185
5.63%, 10/14/2016		7,371,000		8,138,044
5.75%, 8/15/2016 (a)		5,460,000		5,987,701
6.05%, 5/16/2016		9,250,000		10,110,119
6.50%, 8/1/2016		16,750,000		18,731,916
7.75%, 8/15/2015		1,176,000		1,279,111
7.80%, 9/15/2016		750,000		860,702
Bank of America NA:
1.13%, 11/14/2016		5,980,000		5,955,890
1.25%, 2/14/2017		5,000,000		4,974,731
5.30%, 3/15/2017		2,730,000		3,002,950
Boeing Capital Corp. 2.13%, 8/15/2016		315,000		325,249
BP Capital Markets PLC:
3.13%, 10/1/2015		7,688,000		7,973,699
3.20%, 3/11/2016		7,479,000		7,825,814
Capital One Bank USA NA:
1.15%, 11/21/2016		1,754,000		1,752,251
1.20%, 2/13/2017		3,205,000		3,184,333
Capital One Financial Corp.:
3.15%, 7/15/2016 (a)		2,300,000		2,403,080
6.15%, 9/1/2016		4,200,000		4,684,120
Citigroup, Inc.:
1.25%, 1/15/2016		4,900,000		4,918,877
1.30%, 4/1/2016		5,025,000		5,041,660
1.30%, 11/15/2016		5,550,000		5,545,433
1.35%, 3/10/2017		3,500,000		3,489,923
1.70%, 7/25/2016		7,250,000		7,332,223
2.25%, 8/7/2015		7,721,000		7,860,314
3.95%, 6/15/2016		7,325,000		7,752,336
4.45%, 1/10/2017		12,700,000		13,703,433
4.59%, 12/15/2015		7,575,000		8,029,020
4.70%, 5/29/2015		6,179,000		6,454,547
4.75%, 5/19/2015		7,300,000		7,621,899
4.88%, 5/7/2015		4,855,000		5,058,511
5.30%, 1/7/2016 (a)		3,700,000		3,972,311
5.50%, 2/15/2017		2,278,000		2,516,888
5.85%, 8/2/2016 (a)		3,500,000		3,865,886
6.00%, 8/15/2017		600,000		680,387

198

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Countrywide Financial Corp. 6.25%, 5/15/2016	$	10,250,000	$	11,244,493
Credit Suisse USA, Inc.:
5.13%, 8/15/2015		5,225,000		5,534,080
5.38%, 3/2/2016 (a)		3,400,000		3,665,838
Ford Motor Credit Co. LLC:
1.50%, 1/17/2017		3,665,000		3,656,920
1.70%, 5/9/2016		6,900,000		6,979,865
2.50%, 1/15/2016		3,450,000		3,542,624
2.75%, 5/15/2015		6,865,000		7,007,859
3.00%, 6/12/2017		300,000		311,414
3.98%, 6/15/2016		4,300,000		4,556,651
4.21%, 4/15/2016		6,900,000		7,319,243
5.63%, 9/15/2015		5,550,000		5,908,953
6.63%, 8/15/2017		900,000		1,036,643
7.00%, 4/15/2015		8,400,000		8,930,260
8.00%, 12/15/2016		8,000,000		9,368,290
12.00%, 5/15/2015		5,615,000		6,303,639
Franklin Resources, Inc. 3.13%, 5/20/2015		1,710,000		1,758,177
General Electric Capital Corp.:
1.00%, 12/11/2015		3,650,000		3,676,306
1.00%, 1/8/2016		5,300,000		5,334,266
1.50%, 7/12/2016		2,798,000		2,834,410
1.63%, 7/2/2015		7,800,000		7,904,335
2.25%, 11/9/2015		7,622,000		7,821,159
2.30%, 4/27/2017		4,200,000		4,322,191
2.38%, 6/30/2015		832,000		851,244
2.45%, 3/15/2017		3,500,000		3,615,267
2.90%, 1/9/2017 (a)		4,700,000		4,911,884
2.95%, 5/9/2016 (a)		7,150,000		7,453,182
3.35%, 10/17/2016 (a)		5,500,000		5,816,503
3.50%, 6/29/2015		3,802,000		3,942,729
4.38%, 9/21/2015 (a)		3,319,000		3,504,792
5.00%, 1/8/2016		9,112,000		9,799,410
5.38%, 10/20/2016 (a)		5,834,000		6,451,993
5.40%, 2/15/2017		4,500,000		5,017,042
5.63%, 9/15/2017		1,200,000		1,361,723
6.38%, 11/15/2067		500,000		550,000
6.90%, 9/15/2015		365,000		398,039
HSBC Finance Corp.:
5.00%, 6/30/2015 (a)		8,451,000		8,865,373
5.25%, 4/15/2015 (a)		3,659,000		3,826,644
5.50%, 1/19/2016 (a)		8,550,000		9,188,290
International Lease Finance Corp. 6.75%, 9/1/2016 (c)		5,000,000		5,587,500
JPMorgan Chase & Co.:
0.85%, 2/26/2016 (d)		160,000		160,767
1.10%, 10/15/2015		10,155,000		10,196,540
1.13%, 2/26/2016		5,510,000		5,523,780
1.35%, 2/15/2017		11,000,000		10,996,796
2.00%, 8/15/2017		450,000		453,956
2.60%, 1/15/2016		9,425,000		9,694,709
3.15%, 7/5/2016		16,500,000		17,222,254
3.40%, 6/24/2015		8,000,000		8,255,939
3.45%, 3/1/2016		12,550,000		13,121,954
5.15%, 10/1/2015 (a)		7,150,000		7,579,420
5.25%, 5/1/2015		3,917,000		4,096,681
6.13%, 6/27/2017		2,400,000		2,722,629
Leucadia National Corp. 8.13%, 9/15/2015		2,950,000		3,230,132
Merrill Lynch & Co., Inc.:
5.30%, 9/30/2015		934,000		989,047
6.40%, 8/28/2017		2,094,000		2,401,748
National Rural Utilities Cooperative Finance Corp.:
1.10%, 1/27/2017		2,900,000		2,892,748
1.90%, 11/1/2015		832,000		845,844
3.88%, 9/16/2015		2,000,000		2,087,503
Nomura Holdings, Inc.:
2.00%, 9/13/2016		4,800,000		4,847,124
4.13%, 1/19/2016		7,590,000		7,971,563
ORIX Corp.:
4.71%, 4/27/2015		5,996,000		6,243,669
5.00%, 1/12/2016 (a)		1,325,000		1,413,178
PACCAR Financial Corp.:
0.70%, 11/16/2015		1,450,000		1,449,253
0.75%, 8/14/2015 (a)		810,000		811,854
0.75%, 5/16/2016 (a)		1,250,000		1,247,847
0.80%, 2/8/2016		1,000,000		1,000,331
1.05%, 6/5/2015 (a)		1,000,000		1,005,485
1.15%, 8/16/2016		2,000,000		2,007,869
Raymond James Financial, Inc. 4.25%, 4/15/2016		3,000,000		3,175,499
Royal Bank of Scotland Group PLC:
2.55%, 9/18/2015 (a)		10,001,000		10,205,160
4.38%, 3/16/2016		6,438,000		6,846,686
4.88%, 3/16/2015		2,100,000		2,180,869
The Nasdaq OMX Group, Inc. 4.00%, 1/15/2015 (a)		2,000,000		2,050,398
Toyota Motor Credit Corp.:
0.80%, 5/17/2016 (a)		2,755,000		2,761,859
0.88%, 7/17/2015		4,550,000		4,570,106
1.25%, 10/5/2017		300,000		297,136
1.75%, 5/22/2017		600,000		608,092
2.00%, 9/15/2016		3,920,000		4,028,164
2.05%, 1/12/2017 (a)		750,000		769,241
2.10%, 1/17/2019		4,000,000		3,992,149
2.80%, 1/11/2016		2,540,000		2,638,108
3.20%, 6/17/2015		6,800,000		7,018,703
UBS AG of Stamford, CT 5.88%, 7/15/2016		3,250,000		3,584,973

				697,391,752

DIVERSIFIED TELECOMMUNICATION SERVICES — 3.2%
AT&T, Inc.:
0.80%, 12/1/2015		3,850,000		3,856,382
0.90%, 2/12/2016		8,640,000		8,659,184
1.60%, 2/15/2017 (a)		1,300,000		1,309,477
1.70%, 6/1/2017 (a)		2,250,000		2,267,316
2.40%, 8/15/2016		6,000,000		6,190,724
2.50%, 8/15/2015		15,281,000		15,644,929
2.95%, 5/15/2016		7,400,000		7,716,588
5.63%, 6/15/2016		3,250,000		3,576,302
British Telecommunications PLC:
1.25%, 2/14/2017		5,000,000		4,988,721
1.63%, 6/28/2016		3,543,000		3,589,429
2.00%, 6/22/2015		2,250,000		2,283,338
Qwest Corp. 7.50%, 10/1/2014		3,100,000		3,200,648
Verizon Communications, Inc.:
0.70%, 11/2/2015		6,170,000		6,160,319
2.00%, 11/1/2016		1,500,000		1,535,844

199

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

2.50%, 9/15/2016	$	22,312,000	$	23,121,932
3.00%, 4/1/2016		6,930,000		7,227,711
4.90%, 9/15/2015		2,260,000		2,392,128

				103,720,972

ELECTRIC UTILITIES — 3.2%
Alabama Power Co. 0.55%, 10/15/2015		2,491,000		2,476,959
Appalachian Power Co. 3.40%, 5/24/2015		865,000		890,305
Arizona Public Service Co. 4.65%, 5/15/2015		540,000		562,978
CMS Energy Corp.:
4.25%, 9/30/2015		2,275,000		2,372,818
6.55%, 7/17/2017		337,000		387,849
Commonwealth Edison Co.:
1.95%, 9/1/2016		745,000		762,761
4.70%, 4/15/2015 (a)		525,000		546,799
5.95%, 8/15/2016		502,000		556,600
Consolidated Edison Co. of New York, Inc. 5.38%, 12/15/2015		1,077,000		1,151,912
Consumers Energy Co. 5.15%, 2/15/2017		1,945,000		2,150,168
Dominion Gas Holdings LLC 1.05%, 11/1/2016 (c)		3,400,000		3,392,251
Dominion Resources, Inc.:
1.25%, 3/15/2017		1,665,000		1,656,346
1.40%, 9/15/2017		300,000		295,895
2.25%, 9/1/2015		2,156,000		2,195,656
5.15%, 7/15/2015		3,013,000		3,179,412
6.00%, 11/30/2017		750,000		856,875
7.50%, 6/30/2066		2,435,000		2,648,063
Duke Energy Carolinas LLC 5.30%, 10/1/2015		1,500,000		1,600,219
Duke Energy Corp.:
1.63%, 8/15/2017		5,000,000		5,015,485
2.15%, 11/15/2016		4,177,000		4,296,642
3.35%, 4/1/2015		2,610,000		2,680,608
Duke Energy Florida, Inc.:
0.65%, 11/15/2015		2,035,000		2,025,854
5.10%, 12/1/2015		1,000,000		1,067,419
Duke Energy Indiana, Inc. 6.05%, 6/15/2016		720,000		796,440
Duke Energy Progress, Inc.:
5.15%, 4/1/2015		585,000		612,210
5.25%, 12/15/2015		1,654,000		1,772,272
Enersis SA/Cayman Island 7.40%, 12/1/2016		636,000		731,400
Entergy Corp. 3.63%, 9/15/2015		1,500,000		1,536,098
Exelon Corp. 4.90%, 6/15/2015		3,032,000		3,170,236
Georgia Power Co.:
0.63%, 11/15/2015		1,550,000		1,541,419
0.75%, 8/10/2015		3,150,000		3,152,892
Jersey Central Power & Light Co. 5.63%, 5/1/2016		2,000,000		2,156,997
Kentucky Utilities Co. 1.63%, 11/1/2015 (a)		1,750,000		1,772,121
LG&E and KU Energy LLC 2.13%, 11/15/2015		3,387,000		3,437,729
Louisville Gas & Electric Co. 1.63%, 11/15/2015		820,000		830,484
Mississippi Power Co. 2.35%, 10/15/2016		100,000		102,690
NextEra Energy Capital Holdings, Inc.:
1.20%, 6/1/2015		3,867,000		3,883,483
2.60%, 9/1/2015		515,000		524,513
6.35%, 10/1/2066		2,750,000		2,701,875
7.88%, 12/15/2015		405,000		447,360
Northern States Power Co. 1.95%, 8/15/2015 (a)		946,000		960,457
Ohio Power Co. 6.00%, 6/1/2016		349,000		381,880
Oncor Electric Delivery Co. LLC 6.38%, 1/15/2015		2,281,000		2,380,271
Peco Energy Co. 1.20%, 10/15/2016		3,055,000		3,055,019
Pepco Holdings, Inc. 2.70%, 10/1/2015		150,000		152,908
PPL Energy Supply LLC 6.20%, 5/15/2016 (a)		250,000		272,689
Progress Energy, Inc. 5.63%, 1/15/2016		265,000		285,885
PSEG Power LLC:
2.75%, 9/15/2016		3,112,000		3,239,161
5.50%, 12/1/2015		1,100,000		1,180,842
Public Service Electric & Gas Co. 2.70%, 5/1/2015		827,000		845,887
San Diego Gas & Electric Co. 5.30%, 11/15/2015		1,010,000		1,082,423
Sierra Pacific Power Co. 6.00%, 5/15/2016		1,277,000		1,403,916
Southern California Edison Co. 5.00%, 1/15/2016		2,100,000		2,248,543
Southern Power Co. 4.88%, 7/15/2015		4,371,000		4,594,142
TECO Finance, Inc. 4.00%, 3/15/2016		3,050,000		3,226,154
The Dayton Power & Light Co. 1.88%, 9/15/2016 (c)		1,700,000		1,715,732
The Southern Co.:
1.95%, 9/1/2016		500,000		511,678
2.38%, 9/15/2015		1,300,000		1,326,528
Virginia Electric and Power Co. 5.40%, 1/15/2016		650,000		700,817
Wisconsin Electric Power Co. 6.25%, 12/1/2015		1,954,000		2,129,602
Xcel Energy, Inc. 0.75%, 5/9/2016		2,100,000		2,084,319

				105,718,946

ELECTRICAL EQUIPMENT — 0.3%
Agilent Technologies, Inc.:
5.50%, 9/14/2015		4,600,000		4,916,512
6.50%, 11/1/2017		900,000		1,040,023
Jabil Circuit, Inc. 7.75%, 7/15/2016 (a)		3,556,000		4,053,840

				10,010,375

200

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.1%
Arrow Electronics, Inc. 3.38%, 11/1/2015	$	2,500,000	$	2,587,024
Avnet, Inc. 6.00%, 9/1/2015		309,000		330,951
Emerson Electric Co.:
4.13%, 4/15/2015		1,280,000		1,328,264
4.75%, 10/15/2015		10,000		10,644

				4,256,883

ENERGY EQUIPMENT & SERVICES — 0.1%
Halliburton Co. 1.00%, 8/1/2016 (a)		2,200,000		2,208,127
Nabors Industries, Inc. 2.35%, 9/15/2016 (c)		2,600,000		2,647,412

				4,855,539

FOOD & STAPLES RETAILING — 0.9%
CVS Caremark Corp.:
1.20%, 12/5/2016		2,111,000		2,123,255
3.25%, 5/18/2015		2,300,000		2,365,076
5.75%, 6/1/2017		4,450,000		5,034,099
6.13%, 8/15/2016		49,000		54,554
Safeway, Inc. 5.63%, 8/15/2014		1,500,000		1,522,055
Sysco Corp. 0.55%, 6/12/2015		1,872,000		1,871,287
Wal-Mart Stores, Inc.:
0.60%, 4/11/2016 (a)		3,650,000		3,656,641
2.25%, 7/8/2015		4,025,000		4,117,531
2.80%, 4/15/2016		3,500,000		3,631,899
2.88%, 4/1/2015		4,250,000		4,354,791
4.50%, 7/1/2015		1,790,000		1,880,670
Walgreen Co. 1.80%, 9/15/2017		300,000		302,410

				30,914,268

FOOD PRODUCTS — 2.2%
Bunge Ltd. Finance Corp.:
4.10%, 3/15/2016		3,545,000		3,740,842
5.10%, 7/15/2015		2,136,000		2,242,699
ConAgra Foods, Inc.:
1.30%, 1/25/2016		4,592,000		4,625,863
1.35%, 9/10/2015		750,000		751,498
General Mills, Inc.:
0.88%, 1/29/2016		2,220,000		2,229,474
5.70%, 2/15/2017		2,500,000		2,806,810
Kellogg Co.:
1.13%, 5/15/2015		1,750,000		1,759,632
1.75%, 5/17/2017		3,500,000		3,523,381
1.88%, 11/17/2016		375,000		382,410
4.45%, 5/30/2016		3,600,000		3,861,175
Kraft Foods Group, Inc.:
1.63%, 6/4/2015		7,825,000		7,906,590
2.25%, 6/5/2017		3,662,000		3,754,902
Mondelez International, Inc.:
4.13%, 2/9/2016		10,324,000		10,937,244
6.50%, 8/11/2017		1,650,000		1,907,615
Nabisco, Inc. 7.55%, 6/15/2015		3,000,000		3,245,008
The Hershey Co.:
1.50%, 11/1/2016		50,000		50,777
4.85%, 8/15/2015		1,850,000		1,956,438
The Hillshire Brands Co. 2.75%, 9/15/2015		1,500,000		1,518,434
The Kroger Co.:
1.20%, 10/17/2016		5,840,000		5,848,807
2.20%, 1/15/2017		1,050,000		1,072,590
3.90%, 10/1/2015		3,123,000		3,269,477
Tyson Foods, Inc. 6.60%, 4/1/2016		2,900,000		3,211,750
Unilever Capital Corp.:
0.45%, 7/30/2015		1,700,000		1,697,706
2.75%, 2/10/2016		900,000		933,459

				73,234,581

GAS UTILITIES — 0.1%
National Grid PLC 6.30%, 8/1/2016		4,140,000		4,621,063

HEALTH CARE EQUIPMENT & SUPPLIES — 1.0%
Baxter International, Inc.:
0.95%, 6/1/2016		2,750,000		2,757,674
1.85%, 1/15/2017 (a)		95,000		95,930
Becton Dickinson and Co. 1.75%, 11/8/2016		1,650,000		1,684,721
Boston Scientific Corp.:
5.13%, 1/12/2017		1,440,000		1,576,227
6.25%, 11/15/2015		3,550,000		3,852,743
6.40%, 6/15/2016		2,535,000		2,820,447
C.R. Bard, Inc. 2.88%, 1/15/2016 (a)		1,675,000		1,746,067
Covidien International Finance SA:
1.35%, 5/29/2015		2,950,000		2,971,036
2.80%, 6/15/2015 (a)		4,650,000		4,759,519
DENTSPLY International, Inc. 2.75%, 8/15/2016		3,000,000		3,105,572
Medtronic, Inc.:
0.88%, 2/27/2017		3,500,000		3,484,480
2.63%, 3/15/2016 (a)		1,900,000		1,970,168
4.75%, 9/15/2015		927,000		983,509
St Jude Medical, Inc. 2.50%, 1/15/2016 (a)		60,000		61,689
Stryker Corp. 2.00%, 9/30/2016		146,000		149,995

				32,019,777

HEALTH CARE PROVIDERS & SERVICES — 1.4%
AmerisourceBergen Corp. 5.88%, 9/15/2015		4,401,000		4,720,905
Cardinal Health, Inc.:
4.00%, 6/15/2015		4,173,000		4,331,215
5.80%, 10/15/2016		1,800,000		2,008,365
CIGNA Corp.:
2.75%, 11/15/2016		2,045,000		2,129,822
5.38%, 3/15/2017		101,000		111,962
Coventry Health Care, Inc. 5.95%, 3/15/2017		900,000		1,014,510
Humana, Inc. 6.45%, 6/1/2016		2,411,000		2,683,085
Laboratory Corp. of America Holdings:
3.13%, 5/15/2016		2,000,000		2,081,195
5.63%, 12/15/2015		1,200,000		1,289,527

201

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Quest Diagnostics, Inc.:
3.20%, 4/1/2016 (a)	$	1,950,000	$	2,027,250
5.45%, 11/1/2015		3,200,000		3,411,082
UnitedHealth Group, Inc.:
0.85%, 10/15/2015 (a)		1,915,000		1,921,157
1.88%, 11/15/2016 (a)		150,000		153,625
5.38%, 3/15/2016 (a)		2,050,000		2,220,340
6.00%, 2/15/2018 (a)		5,235,000		6,008,625
WellPoint, Inc.:
1.25%, 9/10/2015		1,850,000		1,862,713
2.38%, 2/15/2017		750,000		767,731
5.25%, 1/15/2016		6,800,000		7,322,426

				46,065,535

HOTELS, RESTAURANTS & LEISURE — 0.4%
Carnival Corp. 1.20%, 2/5/2016 (a)		3,400,000		3,411,784
Hyatt Hotels Corp. 3.88%, 8/15/2016		805,000		848,008
Marriott International, Inc.:
5.81%, 11/10/2015		500,000		537,437
6.20%, 6/15/2016 (a)		2,044,000		2,244,574
Starbucks Corp. 0.88%, 12/5/2016 (a)		1,202,000		1,196,783
Starwood Hotels & Resorts Worldwide, Inc. 7.38%, 11/15/2015		1,419,000		1,549,920
Yum! Brands, Inc.:
4.25%, 9/15/2015		861,000		901,463
6.25%, 4/15/2016 (a)		1,431,000		1,573,680

				12,263,649

HOUSEHOLD DURABLES — 0.3%
MDC Holdings, Inc. 5.38%, 7/1/2015		2,000,000		2,090,000
Mohawk Industries, Inc. 6.13%, 1/15/2016		4,780,000		5,269,950
Newell Rubbermaid, Inc. 2.00%, 6/15/2015		1,925,000		1,947,259
Whirlpool Corp. 1.35%, 3/1/2017		1,500,000		1,493,159

				10,800,368

HOUSEHOLD PRODUCTS — 0.3%
Kimberly-Clark Corp.:
4.88%, 8/15/2015 (a)		1,801,000		1,905,233
6.13%, 8/1/2017		100,000		115,191
The Clorox Co. 3.55%, 11/1/2015 (a)		2,554,000		2,665,937
The Procter & Gamble Co.:
1.45%, 8/15/2016		1,380,000		1,403,659
1.80%, 11/15/2015		3,900,000		3,976,086

				10,066,106

INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2%
Constellation Energy Group, Inc. 4.55%, 6/15/2015		3,495,000		3,639,737
TransAlta Corp. 4.75%, 1/15/2015		2,016,000		2,076,488

				5,716,225

INDUSTRIAL CONGLOMERATES — 0.7%
3M Co. 1.38%, 9/29/2016		4,029,000		4,097,169
Cooper US, Inc.:
2.38%, 1/15/2016		750,000		765,012
5.45%, 4/1/2015		960,000		1,006,036
Eaton Corp. 0.95%, 11/2/2015		3,960,000		3,985,623
GE Capital Trust I 6.38%, 11/15/2067		1,050,000		1,155,000
General Electric Co. 0.85%, 10/9/2015		8,200,000		8,238,248
Pentair Finance SA:
1.35%, 12/1/2015		2,250,000		2,268,957
1.88%, 9/15/2017		300,000		299,447
Tyco International Finance SA 3.38%, 10/15/2015		1,459,000		1,505,432

				23,320,924

INSURANCE — 3.3%
ACE INA Holdings, Inc.:
2.60%, 11/23/2015		2,705,000		2,784,835
5.60%, 5/15/2015 (a)		3,005,000		3,168,169
Aegon NV 4.63%, 12/1/2015		2,205,000		2,337,150
Aflac, Inc.:
2.65%, 2/15/2017		5,000,000		5,199,692
3.45%, 8/15/2015 (a)		2,100,000		2,177,781
Allied World Assurance Co., Ltd. 7.50%, 8/1/2016		110,000		124,695
American International Group, Inc.:
2.38%, 8/24/2015		1,750,000		1,787,429
3.00%, 3/20/2015		2,883,000		2,950,293
3.80%, 3/22/2017		300,000		320,181
4.88%, 9/15/2016		3,500,000		3,815,673
5.05%, 10/1/2015		5,245,000		5,569,422
5.45%, 5/18/2017		3,455,000		3,850,510
AON Corp. 3.13%, 5/27/2016		772,000		801,514
Berkshire Hathaway Finance Corp.:
0.95%, 8/15/2016		3,500,000		3,513,154
2.45%, 12/15/2015		1,950,000		2,011,462
Berkshire Hathaway, Inc.:
0.80%, 2/11/2016		1,950,000		1,957,577
1.90%, 1/31/2017		5,300,000		5,417,781
2.20%, 8/15/2016		2,600,000		2,685,996
CNA Financial Corp.:
5.85%, 12/15/2014		2,460,000		2,549,522
6.50%, 8/15/2016 (a)		450,000		505,159
Genworth Financial, Inc. 8.63%, 12/15/2016		1,017,000		1,202,722
Lincoln National Corp.:
4.30%, 6/15/2015		2,150,000		2,236,585
7.00%, 5/17/2066 (b)		3,500,000		3,570,000
Loews Corp. 5.25%, 3/15/2016		2,245,000		2,420,669
Manulife Financial Corp. 3.40%, 9/17/2015		2,171,000		2,248,574
Marsh & McLennan Cos., Inc. 5.75%, 9/15/2015		1,000		1,069
MetLife, Inc.:
1.76%, 12/15/2017		300,000		301,927

202

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.00%, 6/15/2015	$	5,271,000	$	5,547,032
6.75%, 6/1/2016		9,611,000		10,794,675
Principal Life Income Funding Trusts 5.55%, 4/27/2015		1,444,000		1,521,044
Prudential Financial, Inc.:
3.00%, 5/12/2016		1,462,000		1,523,324
4.75%, 6/13/2015		3,380,000		3,537,762
4.75%, 9/17/2015 (a)		5,040,000		5,329,970
5.50%, 3/15/2016		20,000		21,661
Reinsurance Group of America, Inc.:
5.63%, 3/15/2017		6,000		6,607
6.75%, 12/15/2065 (a)		2,000,000		2,015,000
The Hartford Financial Services Group, Inc.:
4.00%, 3/30/2015		1,889,000		1,950,227
5.38%, 3/15/2017		319,000		353,330
5.50%, 10/15/2016		500,000		553,075
The Travelers Cos., Inc.:
5.50%, 12/1/2015		1,251,000		1,350,537
6.25%, 6/20/2016		1,000,000		1,115,176
Transatlantic Holdings, Inc. 5.75%, 12/14/2015		1,880,000		2,027,378
Unum Group 7.13%, 9/30/2016		23,000		26,135
Willis Group Holdings PLC 4.13%, 3/15/2016		1,445,000		1,515,256
XL Group PLC 5.25%, 9/15/2014 (a)		2,600,000		2,653,625

				107,351,355

INTERNET SOFTWARE & SERVICES — 0.3%
Amazon.com, Inc. 0.65%, 11/27/2015		2,800,000		2,805,081
eBay, Inc.:
0.70%, 7/15/2015		1,288,000		1,290,776
1.63%, 10/15/2015		1,783,000		1,813,443
Google, Inc. 2.13%, 5/19/2016		3,950,000		4,080,073

				9,989,373

IT SERVICES — 0.4%
Fiserv, Inc. 3.13%, 6/15/2016		4,440,000		4,639,337
Xerox Corp.:
4.25%, 2/15/2015		3,175,000		3,271,352
6.40%, 3/15/2016		2,708,000		2,985,474
6.75%, 2/1/2017		650,000		733,072
7.20%, 4/1/2016		880,000		976,072

				12,605,307

LEISURE PRODUCTS — 0.1%
Mattel, Inc. 2.50%, 11/1/2016		1,700,000		1,749,911

LIFE SCIENCES TOOLS & SERVICES — 0.5%
Thermo Fisher Scientific, Inc.:
1.30%, 2/1/2017		6,250,000		6,218,766
2.25%, 8/15/2016		541,000		556,300
3.20%, 5/1/2015		2,075,000		2,130,153
3.20%, 3/1/2016		5,600,000		5,848,579
5.00%, 6/1/2015		1,600,000		1,676,291

				16,430,089

MACHINERY — 0.6%
Caterpillar, Inc.:
0.95%, 6/26/2015 (a)		4,400,000		4,421,543
5.70%, 8/15/2016		123,000		135,998
Danaher Corp. 2.30%, 6/23/2016		4,000,000		4,137,628
Dover Corp. 4.88%, 10/15/2015		1,230,000		1,311,608
Illinois Tool Works, Inc. 0.90%, 2/25/2017 (a)		3,900,000		3,877,762
Ingersoll-Rand PLC 4.75%, 5/15/2015		165,000		171,920
Timken Co. 6.00%, 9/15/2014		650,000		664,401
Xylem, Inc. 3.55%, 9/20/2016		5,000,000		5,273,803

				19,994,663

MEDIA — 3.1%
21st Century Fox America, Inc. 8.00%, 10/17/2016		450,000		526,705
Comcast Corp.:
4.95%, 6/15/2016 (a)		2,250,000		2,441,315
5.85%, 11/15/2015		2,900,000		3,143,436
5.90%, 3/15/2016		5,957,000		6,553,919
6.30%, 11/15/2017		4,370,000		5,088,206
6.50%, 1/15/2017		2,850,000		3,258,753
Cox Communications, Inc. 5.50%, 10/1/2015		2,846,000		3,026,960
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.:
2.40%, 3/15/2017		5,600,000		5,718,979
3.13%, 2/15/2016		4,500,000		4,677,775
3.50%, 3/1/2016		5,650,000		5,913,082
3.55%, 3/15/2015		2,875,000		2,953,397
Discovery Communications LLC 3.70%, 6/1/2015		4,775,000		4,933,637
NBCUniversal Media LLC:
2.88%, 4/1/2016 (a)		3,150,000		3,283,290
3.65%, 4/30/2015 (a)		3,650,000		3,772,453
Omnicom Group, Inc. 5.90%, 4/15/2016		3,643,000		3,993,054
Scripps Networks Interactive, Inc. 2.70%, 12/15/2016		300,000		312,434
TCI Communications, Inc. 8.75%, 8/1/2015		4,517,000		5,001,751
The Walt Disney Co.:
0.45%, 12/1/2015		1,633,000		1,632,466
1.35%, 8/16/2016 (a)		3,500,000		3,554,341
Thomson Reuters Corp.:
0.88%, 5/23/2016		2,168,000		2,160,800
1.30%, 2/23/2017		5,537,000		5,508,803
Time Warner Cable, Inc. 5.85%, 5/1/2017		150,000		168,956
Time Warner, Inc.:
3.15%, 7/15/2015		5,650,000		5,824,907
5.88%, 11/15/2016		3,395,000		3,804,415
Viacom, Inc.:
2.50%, 12/15/2016		2,950,000		3,054,989
3.50%, 4/1/2017		360,000		382,023
4.25%, 9/15/2015 (a)		1,925,000		2,020,344
6.25%, 4/30/2016		5,812,000		6,456,587

203

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

WPP Finance UK 8.00%, 9/15/2014	$	2,225,000	$	2,297,668

				101,465,445

METALS & MINING — 1.7%
BHP Billiton Finance USA, Ltd.:
1.63%, 2/24/2017		450,000		455,039
1.88%, 11/21/2016 (a)		1,500,000		1,535,598
5.25%, 12/15/2015		2,899,000		3,123,147
7.25%, 3/1/2016		2,654,000		2,978,282
Freeport-McMoRan Copper & Gold, Inc.:
1.40%, 2/13/2015		2,050,000		2,061,763
2.15%, 3/1/2017 (a)		750,000		757,843
Glencore Canada Corp.:
5.38%, 6/1/2015		3,150,000		3,296,889
6.00%, 10/15/2015		3,250,000		3,477,730
Rio Tinto Alcan, Inc. 5.00%, 6/1/2015		4,098,000		4,293,399
Rio Tinto Finance USA PLC:
1.13%, 3/20/2015		2,150,000		2,160,857
1.38%, 6/17/2016		3,550,000		3,581,215
Rio Tinto Finance USA, Ltd.:
1.88%, 11/2/2015		1,957,000		1,990,651
2.25%, 9/20/2016		1,384,000		1,422,945
2.50%, 5/20/2016 (a)		4,557,000		4,706,780
Teck Resources, Ltd.:
3.15%, 1/15/2017		3,150,000		3,275,574
3.85%, 8/15/2017		1,200,000		1,272,822
5.38%, 10/1/2015		2,375,000		2,524,466
Vale Canada, Ltd. 5.70%, 10/15/2015		1,534,000		1,628,446
Vale Overseas, Ltd.:
6.25%, 1/11/2016		4,250,000		4,613,860
6.25%, 1/23/2017		4,668,000		5,210,204

				54,367,510

MULTI-UTILITIES — 0.2%
DTE Energy Co. 6.35%, 6/1/2016		137,000		151,296
Integrys Energy Group, Inc. 6.11%, 12/1/2066		2,450,000		2,474,500
Sempra Energy 6.50%, 6/1/2016		4,065,000		4,537,383

				7,163,179

MULTILINE RETAIL — 0.2%
Macy’s Retail Holdings, Inc.:
5.90%, 12/1/2016		100,000		112,157
7.88%, 7/15/2015		2,219,000		2,415,883
Target Corp.:
5.38%, 5/1/2017		1,350,000		1,513,099
5.88%, 7/15/2016 (a)		2,945,000		3,286,150

				7,327,289

OIL, GAS & CONSUMABLE FUELS — 6.3%
Anadarko Petroleum Corp. 5.95%, 9/15/2016		8,945,000		9,953,949
Apache Corp. 5.63%, 1/15/2017		150,000		166,268
Boardwalk Pipelines LP 5.88%, 11/15/2016		1,350,000		1,467,067
BP Capital Markets PLC:
0.70%, 11/6/2015		4,325,000		4,329,671
1.85%, 5/5/2017		2,400,000		2,433,736
2.24%, 5/10/2019		3,500,000		3,483,919
Cameron International Corp.:
1.15%, 12/15/2016		2,100,000		2,100,567
1.60%, 4/30/2015		480,000		484,476
Chevron Corp. 0.89%, 6/24/2016		2,750,000		2,766,376
Colorado Interstate Gas Co. LLC 6.80%, 11/15/2015		6,712,000		7,349,414
ConocoPhillips 1.05%, 12/15/2017		5,000,000		4,936,955
ConocoPhillips Canada Funding Co. 5.63%, 10/15/2016		1,200,000		1,344,591
DCP Midstream Operating LP 3.25%, 10/1/2015		565,000		577,158
Devon Energy Corp.:
1.20%, 12/15/2016		1,062,000		1,066,527
1.88%, 5/15/2017		826,000		834,423
2.40%, 7/15/2016 (a)		3,060,000		3,150,520
Diamond Offshore Drilling, Inc. 4.88%, 7/1/2015		2,000,000		2,101,608
El Paso Pipeline Partners Operating Co. LLC 4.10%, 11/15/2015		2,096,000		2,191,965
Enbridge, Inc.:
4.90%, 3/1/2015		1,056,000		1,096,629
5.60%, 4/1/2017		50,000		55,711
Energy Transfer Partners LP 5.95%, 2/1/2015		3,900,000		4,065,992
Ensco PLC 3.25%, 3/15/2016		4,025,000		4,197,387
Enterprise Products Operating LLC:
1.25%, 8/13/2015		4,184,000		4,210,564
3.20%, 2/1/2016		4,323,000		4,505,797
3.70%, 6/1/2015		1,880,000		1,942,458
8.38%, 8/1/2066		2,089,000		2,350,125
EOG Resources, Inc.:
2.50%, 2/1/2016		3,000,000		3,093,190
2.95%, 6/1/2015		4,170,000		4,284,633
Exxon Mobil Corp. 0.92%, 3/15/2017		3,000,000		2,993,093
Kinder Morgan Energy Partners LP 3.50%, 3/1/2016		2,900,000		3,032,208
Magellan Midstream Partners LP 5.65%, 10/15/2016		740,000		821,317
Marathon Oil Corp. 0.90%, 11/1/2015		8,761,000		8,781,679
Marathon Petroleum Corp. 3.50%, 3/1/2016		3,672,000		3,847,994
Noble Holding International, Ltd.:
3.05%, 3/1/2016		1,750,000		1,809,811
3.45%, 8/1/2015		3,622,000		3,737,647
Occidental Petroleum Corp.:
1.75%, 2/15/2017		5,400,000		5,471,283
2.50%, 2/1/2016		2,205,000		2,279,225
4.13%, 6/1/2016		3,000,000		3,194,424
ONEOK Partners LP:
3.25%, 2/1/2016		6,187,000		6,429,008
6.15%, 10/1/2016		640,000		716,283

204

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Pioneer Natural Resources Co.:
5.88%, 7/15/2016	$	1,185,000	$	1,307,136
6.65%, 3/15/2017		2,000,000		2,276,080
Plains All American Pipeline LP/PAA Finance Corp.:
3.95%, 9/15/2015		3,138,000		3,279,363
6.13%, 1/15/2017		1,633,000		1,839,435
Shell International Finance BV:
0.63%, 12/4/2015		2,750,000		2,751,971
3.10%, 6/28/2015		6,200,000		6,396,758
3.25%, 9/22/2015 (a)		3,782,000		3,929,984
5.20%, 3/22/2017 (a)		4,547,000		5,076,937
Spectra Energy Partners LP 2.95%, 6/15/2016		1,500,000		1,553,564
Sunoco, Inc. 9.63%, 4/15/2015		1,649,000		1,796,635
Talisman Energy, Inc. 5.13%, 5/15/2015		3,000,000		3,129,726
Total Capital International SA:
0.75%, 1/25/2016		3,050,000		3,057,044
1.00%, 8/12/2016		2,200,000		2,209,151
1.00%, 1/10/2017 (a)		2,400,000		2,397,358
1.50%, 2/17/2017 (a)		1,350,000		1,366,009
1.55%, 6/28/2017 (a)		900,000		907,107
Total Capital SA:
2.30%, 3/15/2016		2,245,000		2,315,889
3.00%, 6/24/2015		7,191,000		7,408,364
3.13%, 10/2/2015 (a)		3,539,000		3,670,757
TransCanada PipeLines, Ltd.:
0.75%, 1/15/2016 (a)		2,625,000		2,625,839
3.40%, 6/1/2015		5,033,000		5,191,668
Transocean, Inc.:
2.50%, 10/15/2017		2,607,000		2,624,589
4.95%, 11/15/2015		5,850,000		6,206,217
5.05%, 12/15/2016		3,650,000		3,975,984
Weatherford International LLC 6.35%, 6/15/2017		100,000		113,170
Weatherford International, Ltd./Bermuda 5.50%, 2/15/2016 (a)		25,000		26,931
Williams Partners LP 3.80%, 2/15/2015		3,950,000		4,056,674
Williams Partners LP/Williams Partners Finance Corp. 7.25%, 2/1/2017		500,000		575,973

				205,721,961

PAPER & FOREST PRODUCTS — 0.3%
Celulosa Arauco y Constitucion SA 5.63%, 4/20/2015		2,441,000		2,535,027
Georgia-Pacific LLC 7.70%, 6/15/2015		2,378,000		2,573,462
International Paper Co.:
5.25%, 4/1/2016 (a)		2,030,000		2,192,426
5.30%, 4/1/2015		1,152,000		1,203,153

				8,504,068

PERSONAL PRODUCTS — 0.3%
Avon Products, Inc. 2.38%, 3/15/2016		2,375,000		2,417,675
The Procter & Gamble Co.:
0.75%, 11/4/2016		3,700,000		3,696,236
3.15%, 9/1/2015 (a)		2,000,000		2,069,243
4.85%, 12/15/2015 (a)		2,425,000		2,590,596

				10,773,750

PHARMACEUTICALS — 3.7%
AbbVie, Inc.:
1.20%, 11/6/2015		17,865,000		18,012,386
1.75%, 11/6/2017		2,100,000		2,106,544
Allergan, Inc. 5.75%, 4/1/2016 (a)		1,200,000		1,319,144
Express Scripts Holding Co.:
2.10%, 2/12/2015		2,379,000		2,409,313
2.65%, 2/15/2017 (a)		5,000,000		5,175,274
3.13%, 5/15/2016		7,247,000		7,575,820
3.50%, 11/15/2016		4,775,000		5,062,757
GlaxoSmithKline Capital PLC 0.75%, 5/8/2015		3,750,000		3,763,108
GlaxoSmithKline Capital, Inc. 0.70%, 3/18/2016		4,100,000		4,097,454
Johnson & Johnson 2.15%, 5/15/2016		3,000,000		3,095,346
McKesson Corp.:
0.95%, 12/4/2015		3,400,000		3,400,572
1.29%, 3/10/2017		2,875,000		2,872,659
3.25%, 3/1/2016		2,082,000		2,165,859
Medco Health Solutions, Inc. 2.75%, 9/15/2015		3,430,000		3,525,092
Merck & Co., Inc.:
0.70%, 5/18/2016		3,000,000		3,005,723
1.10%, 1/31/2018 (a)		5,000,000		4,895,926
2.25%, 1/15/2016		2,250,000		2,308,238
Merck Sharp & Dohme Corp. 4.00%, 6/30/2015		2,100,000		2,189,864
Mylan, Inc.:
1.35%, 11/29/2016 (a)		1,807,000		1,807,948
1.80%, 6/24/2016		3,687,000		3,741,263
Novartis Capital Corp. 2.90%, 4/24/2015		4,550,000		4,671,032
Perrigo Co. PLC 1.30%, 11/8/2016 (c)		3,945,000		3,949,046
Pfizer, Inc. 1.50%, 6/15/2018 (a)		4,000,000		3,949,491
Sanofi 2.63%, 3/29/2016		5,875,000		6,103,138
Teva Pharmaceutical Finance Co. BV 2.40%, 11/10/2016 (a)		2,850,000		2,940,383
Teva Pharmaceutical Finance II BV/Teva Pharmaceutical Finance III LLC 3.00%, 6/15/2015		10,404,000		10,686,646
Wyeth LLC 5.50%, 2/15/2016		3,500,000		3,794,800
Zoetis, Inc. 1.15%, 2/1/2016		2,900,000		2,917,916

				121,542,742

PROFESSIONAL SERVICES — 0.0% (e)
The Dun & Bradstreet Corp. 2.88%, 11/15/2015		1,230,000		1,260,193

REAL ESTATE INVESTMENT TRUSTS — 2.2%
American Tower Corp. 4.63%, 4/1/2015		2,625,000		2,721,271

205

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

ARC Properties Operating Partnership LP/Clark Acquisition LLC 2.00%, 2/6/2017 (c)	$	8,000,000	$	7,988,852
BioMed Realty LP 3.85%, 4/15/2016		2,275,000		2,370,282
Boston Properties LP 5.63%, 4/15/2015		4,334,000		4,550,742
Digital Realty Trust LP 4.50%, 7/15/2015 (a)		3,900,000		4,035,286
Duke Realty LP 7.38%, 2/15/2015 (a)		1,800,000		1,902,150
ERP Operating LP:
5.13%, 3/15/2016		550,000		592,713
5.38%, 8/1/2016		2,220,000		2,438,557
6.58%, 4/13/2015		2,000,000		2,118,115
HCP, Inc.:
3.75%, 2/1/2016		3,543,000		3,703,680
6.30%, 9/15/2016		1,000,000		1,120,712
Health Care REIT, Inc.:
3.63%, 3/15/2016		600,000		621,653
5.88%, 5/15/2015		2,000,000		2,105,456
6.20%, 6/1/2016		1,765,000		1,937,980
Hospitality Properties Trust 5.63%, 3/15/2017		4,000,000		4,364,664
Kilroy Realty LP 5.00%, 11/3/2015		1,000,000		1,056,203
Kimco Realty Corp. 5.70%, 5/1/2017		4,000,000		4,420,073
Liberty Property LP 5.13%, 3/2/2015		1,195,000		1,241,332
Realty Income Corp. 5.95%, 9/15/2016		500,000		549,243
Simon Property Group LP:
2.20%, 2/1/2019		3,600,000		3,576,537
2.80%, 1/30/2017		350,000		360,491
4.20%, 2/1/2015		2,221,000		2,267,570
5.10%, 6/15/2015		1,710,000		1,799,471
5.25%, 12/1/2016		50,000		55,146
5.75%, 12/1/2015		5,653,000		6,133,077
6.10%, 5/1/2016		434,000		478,097
Tanger Properties LP 6.15%, 11/15/2015		1,953,000		2,114,098
UDR, Inc. 5.25%, 1/15/2015		425,000		439,700
Ventas Realty LP/Ventas Capital Corp.:
1.55%, 9/26/2016		1,891,000		1,903,004
3.13%, 11/30/2015		560,000		578,738
Vornado Realty LP 4.25%, 4/1/2015		2,350,000		2,409,958

				71,954,851

ROAD & RAIL — 0.4%
Burlington Northern Santa Fe LLC:
5.65%, 5/1/2017		1,050,000		1,183,166
5.75%, 3/15/2018		1,000,000		1,144,673
Canadian National Railway Co. 5.80%, 6/1/2016		135,000		149,062
CSX Corp. 6.25%, 4/1/2015		4,471,000		4,718,683
Norfolk Southern Corp. 5.75%, 1/15/2016		1,850,000		2,009,196
Ryder System, Inc.:
2.45%, 11/15/2018		1,000,000		990,779
2.55%, 6/1/2019		2,500,000		2,474,544
3.60%, 3/1/2016 (a)		375,000		390,983
5.85%, 11/1/2016		50,000		55,169
7.20%, 9/1/2015		15,000		16,247

				13,132,502

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.7%
Analog Devices, Inc. 3.00%, 4/15/2016 (a)		2,147,000		2,218,453
Applied Materials, Inc. 2.65%, 6/15/2016		527,000		546,860
Broadcom Corp. 2.38%, 11/1/2015		1,600,000		1,639,828
Intel Corp. 1.95%, 10/1/2016		6,000,000		6,175,021
National Semiconductor Corp. 3.95%, 4/15/2015		1,080,000		1,119,570
Texas Instruments, Inc.:
0.45%, 8/3/2015		2,900,000		2,894,519
0.88%, 3/12/2017		4,200,000		4,188,401
2.38%, 5/16/2016		3,500,000		3,626,467

				22,409,119

SOFTWARE — 0.7%
CA, Inc. 6.13%, 12/1/2014 (a)		2,500,000		2,587,910
Fiserv, Inc. 3.13%, 10/1/2015		2,119,000		2,183,956
Microsoft Corp.:
1.63%, 9/25/2015		6,800,000		6,909,900
2.50%, 2/8/2016 (a)		2,000,000		2,074,815
Oracle Corp. 5.25%, 1/15/2016 (a)		4,475,000		4,845,524
Symantec Corp. 2.75%, 9/15/2015		4,350,000		4,469,958

				23,072,063

SPECIALTY RETAIL — 1.0%
AutoZone, Inc.:
1.30%, 1/13/2017		2,425,000		2,419,691
5.50%, 11/15/2015		2,310,000		2,482,678
Costco Wholesale Corp. 0.65%, 12/7/2015		4,650,000		4,664,818
Lowe’s Cos., Inc.:
2.13%, 4/15/2016		1,125,000		1,158,090
5.00%, 10/15/2015 (a)		3,362,000		3,580,755
McDonald’s Corp. 0.75%, 5/29/2015		1,000,000		1,003,680
The Home Depot, Inc. 5.40%, 3/1/2016 (a)		11,258,000		12,284,012
TJX Cos., Inc. 4.20%, 8/15/2015		515,000		538,976
Wal-Mart Stores, Inc. 1.50%, 10/25/2015		3,350,000		3,405,394

				31,538,094

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.6%
Apple, Inc. 0.45%, 5/3/2016 (a)		4,150,000		4,141,417

206

SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Computer Sciences Corp. 2.50%, 9/15/2015	$	2,996,000	$	3,060,346
Hewlett-Packard Co.:
2.13%, 9/13/2015		7,100,000		7,246,765
2.35%, 3/15/2015		2,650,000		2,692,028
2.60%, 9/15/2017		1,950,000		2,006,643
2.65%, 6/1/2016		4,122,000		4,262,014
3.00%, 9/15/2016		5,102,000		5,328,642
3.30%, 12/9/2016		3,900,000		4,109,682
International Business Machines Corp.:
0.45%, 5/6/2016		2,750,000		2,739,719
0.75%, 5/11/2015 (a)		3,500,000		3,512,326
1.95%, 7/22/2016		7,829,000		8,052,721
2.00%, 1/5/2016		4,100,000		4,196,771

				51,349,074

THRIFTS & MORTGAGE FINANCE — 0.3%
Murray Street Investment Trust I 4.65%, 3/9/2017		5,350,000		5,779,279
Santander Holdings USA, Inc.:
3.00%, 9/24/2015		2,010,000		2,056,052
4.63%, 4/19/2016 (a)		1,616,000		1,719,602

				9,554,933

TOBACCO — 0.6%
Altria Group, Inc. 4.13%, 9/11/2015		7,626,000		7,991,443
Lorillard Tobacco Co. 3.50%, 8/4/2016 (a)		2,150,000		2,264,749
Philip Morris International, Inc.:
1.63%, 3/20/2017 (a)		150,000		151,590
2.50%, 5/16/2016		4,900,000		5,086,554
Reynolds American, Inc.:
1.05%, 10/30/2015		3,033,000		3,040,981
6.75%, 6/15/2017		296,000		340,128

				18,875,445

TRADING COMPANIES & DISTRIBUTORS — 0.2%
GATX Corp.:
1.25%, 3/4/2017		3,300,000		3,280,195
4.75%, 5/15/2015		2,100,000		2,188,077

				5,468,272

WIRELESS TELECOMMUNICATION SERVICES — 1.9%
America Movil SAB de CV:
2.38%, 9/8/2016		7,900,000		8,123,733
3.63%, 3/30/2015 (a)		1,500,000		1,535,620
Deutsche Telekom International Finance BV 5.75%, 3/23/2016		5,350,000		5,845,107
Embarq Corp. 7.08%, 6/1/2016 (a)		6,100,000		6,801,500
Orange SA:
2.13%, 9/16/2015		3,350,000		3,402,861
2.75%, 9/14/2016 (a)		5,350,000		5,545,621
Rogers Communications, Inc.:
6.75%, 3/15/2015		1,048,000		1,108,462
7.50%, 3/15/2015		1,473,000		1,568,486
Telefonica Emisiones SAU:
3.73%, 4/27/2015		1,750,000		1,799,240
3.99%, 2/16/2016		7,647,000		8,019,448
4.95%, 1/15/2015		3,375,000		3,479,520
6.42%, 6/20/2016 (a)		5,924,000		6,557,592
Telefonos de Mexico SAB de CV 5.50%, 1/27/2015		2,700,000		2,789,100
Vodafone Group PLC:
1.25%, 9/26/2017		4,000,000		3,955,364
5.63%, 2/27/2017		2,080,000		2,333,748

				62,865,402

TOTAL CORPORATE BONDS & NOTES —
(Cost $3,195,147,211)				3,204,500,251

	Shares
SHORT TERM INVESTMENTS — 4.9%
MONEY MARKET FUNDS — 4.9%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		83,887,605		83,887,605
State Street Institutional Liquid Reserves Fund 0.08% (g)(h)		75,706,706		75,706,706

TOTAL SHORT TERM INVESTMENTS — (i)
(Cost $159,594,311)				159,594,311

TOTAL INVESTMENTS — 103.1% (j)
(Cost $3,354,741,522)				3,364,094,562
OTHER ASSETS & LIABILITIES — (3.1)%				(101,918,331	)

NET ASSETS — 100.0%			$	3,262,176,231


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(c)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.8% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d)		Variable rate security. Rate shown is rate in effect at March 31, 2014. Maturity date disclosed is the ultimate maturity.
(e)		Amount shown represents less than 0.05% of net assets.
(f)		Investments of cash collateral for securities loaned
(g)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(h)		The rate shown is the annualized seven-day yield at period end.
(i)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(j)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedule of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

207

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 97.7%
AEROSPACE & DEFENSE — 1.4%
Embraer SA 5.15%, 6/15/2022 (a)	$	250,000	$	258,750
General Dynamics Corp.:
1.00%, 11/15/2017		150,000		145,654
2.25%, 7/15/2016		500,000		517,684
Honeywell International, Inc.:
4.25%, 3/1/2021		100,000		109,024
5.00%, 2/15/2019		315,000		355,640
5.30%, 3/15/2017		150,000		167,804
5.30%, 3/1/2018		150,000		170,113
L-3 Communications Corp.:
3.95%, 11/15/2016		50,000		53,351
4.75%, 7/15/2020		250,000		263,262
5.20%, 10/15/2019 (b)		250,000		272,633
Lockheed Martin Corp.:
3.35%, 9/15/2021		150,000		152,826
4.25%, 11/15/2019		145,000		156,702
Northrop Grumman Corp.:
1.75%, 6/1/2018		400,000		392,976
3.25%, 8/1/2023		150,000		144,074
Precision Castparts Corp.:
1.25%, 1/15/2018		250,000		245,679
2.50%, 1/15/2023		300,000		280,166
Raytheon Co.:
3.13%, 10/15/2020		400,000		404,536
6.40%, 12/15/2018		150,000		177,325
Rockwell Collins, Inc. 3.70%, 12/15/2023		200,000		203,432
Textron, Inc.:
4.63%, 9/21/2016		100,000		107,658
5.95%, 9/21/2021		250,000		283,929
The Boeing Co. 4.88%, 2/15/2020		225,000		251,235
United Technologies Corp.:
1.80%, 6/1/2017		333,000		338,665
3.10%, 6/1/2022		300,000		299,449
4.50%, 4/15/2020		250,000		275,313
5.38%, 12/15/2017		320,000		362,912

				6,390,792

AIR FREIGHT & LOGISTICS — 0.3%
FedEx Corp.:
2.70%, 4/15/2023 (b)		100,000		92,337
4.00%, 1/15/2024		70,000		71,331
8.00%, 1/15/2019		150,000		183,868
United Parcel Service of America, Inc. 8.38%, 4/1/2020		100,000		129,933
United Parcel Service, Inc.:
2.45%, 10/1/2022		250,000		236,764
3.13%, 1/15/2021		250,000		256,305
5.13%, 4/1/2019		250,000		284,661

				1,255,199

AIRLINES — 0.1%
Delta Air Lines 2010-2 Pass Through Trust, Class A 4.95%, 11/23/2020		116,140		126,012
Delta Air Lines 2012-1 Pass Through Trust, Class A 4.75%, 5/7/2020		185,986		200,865
United Air Lines, Inc. Pass Through Trust, Class A 9.75%, 7/15/2018 (a)		150,244		172,029

				498,906

AUTO COMPONENTS — 0.1%
Delphi Corp. 4.15%, 3/15/2024		165,000		165,190
Johnson Controls, Inc.:
4.25%, 3/1/2021		250,000		267,202
5.00%, 3/30/2020		150,000		166,241

				598,633

BANKS — 11.0%
Abbey National Treasury Services PLC:
1.38%, 3/13/2017		300,000		300,040
4.00%, 4/27/2016		250,000		265,132
4.00%, 3/13/2024 (b)		200,000		201,546
American Express Bank FSB 6.00%, 9/13/2017		300,000		343,802
American Express Centurion Bank 0.88%, 11/13/2015		750,000		752,230
Associated Banc-Corp. 5.13%, 3/28/2016		125,000		133,100
Australia & New Zealand Banking Group, Ltd.:
1.45%, 5/15/2018		250,000		244,457
1.88%, 10/6/2017		250,000		251,228
Bank of Montreal:
1.30%, 7/15/2016 (b)		194,000		195,799
1.40%, 9/11/2017		450,000		447,290
2.38%, 1/25/2019 (b)		250,000		251,136
2.50%, 1/11/2017		500,000		517,281
2.55%, 11/6/2022		250,000		234,711
Bank of Nova Scotia:
0.95%, 3/15/2016		600,000		602,912
1.10%, 12/13/2016		150,000		150,359
1.38%, 7/15/2016 (b)		500,000		505,484
1.45%, 4/25/2018		300,000		293,896
2.55%, 1/12/2017		250,000		259,198
2.90%, 3/29/2016		250,000		260,774
4.38%, 1/13/2021 (b)		200,000		219,004
Bank One Corp. 4.90%, 4/30/2015		500,000		521,555
Barclays Bank PLC:
2.50%, 2/20/2019		450,000		450,756
5.00%, 9/22/2016		650,000		712,736
5.13%, 1/8/2020		375,000		420,224
5.14%, 10/14/2020		375,000		399,746
BB&T Corp.:
1.60%, 8/15/2017		150,000		150,094
3.20%, 3/15/2016		250,000		260,658
3.95%, 4/29/2016		125,000		132,745
3.95%, 3/22/2022		250,000		255,531
4.90%, 6/30/2017		250,000		272,675
5.25%, 11/1/2019		250,000		280,996
BBVA US Senior SAU 4.66%, 10/9/2015		250,000		262,287
BNP Paribas 2.40%, 12/12/2018 (b)		200,000		199,882
BNP Paribas SA:
1.25%, 12/12/2016		150,000		149,921

208

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

2.38%, 9/14/2017	$	300,000	$	306,151
2.70%, 8/20/2018 (b)		250,000		255,059
3.25%, 3/3/2023 (b)		300,000		289,255
3.60%, 2/23/2016		300,000		315,123
5.00%, 1/15/2021		550,000		607,296
BPCE SA 2.50%, 12/10/2018		250,000		249,852
Branch Banking & Trust Co.:
2.30%, 10/15/2018		350,000		351,286
2.85%, 4/1/2021		150,000		148,319
Canadian Imperial Bank of Commerce/Canada:
0.90%, 10/1/2015		250,000		251,306
2.35%, 12/11/2015		250,000		257,408
Comerica Bank:
5.20%, 8/22/2017		250,000		273,860
5.75%, 11/21/2016		183,000		203,944
Commonwealth Bank of Australia/New York, NY:
1.90%, 9/18/2017		300,000		303,119
2.50%, 9/20/2018		300,000		304,284
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands:
2.13%, 10/13/2015		200,000		204,835
3.38%, 1/19/2017		500,000		529,420
3.95%, 11/9/2022		250,000		245,955
4.50%, 1/11/2021		350,000		376,953
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/NY:
1.70%, 3/19/2018		150,000		148,785
2.25%, 1/14/2019		300,000		299,144
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Utrect 3.88%, 2/8/2022		550,000		563,075
Credit Suisse of New York, NY:
4.38%, 8/5/2020		450,000		485,139
5.30%, 8/13/2019		70,000		79,359
6.00%, 2/15/2018		250,000		287,549
Deutsche Bank AG 4.30%, 5/24/2028 (b)(c)		325,000		306,631
Deutsche Bank AG London:
2.50%, 2/13/2019		500,000		501,065
6.00%, 9/1/2017		620,000		705,235
Fifth Third Bancorp:
1.15%, 11/18/2016		250,000		249,664
3.50%, 3/15/2022		100,000		100,169
3.63%, 1/25/2016		150,000		157,036
4.30%, 1/16/2024		150,000		151,344
4.50%, 6/1/2018 (b)		125,000		134,866
Fifth Third Bank 1.45%, 2/28/2018		250,000		244,912
HSBC Bank USA NA:
4.88%, 8/24/2020		300,000		325,365
6.00%, 8/9/2017		250,000		279,439
HSBC Holdings PLC:
4.00%, 3/30/2022		260,000		267,622
4.88%, 1/14/2022 (b)		150,000		164,744
5.10%, 4/5/2021		675,000		749,366
HSBC USA, Inc. 2.63%, 9/24/2018		250,000		254,906
Huntington BancShares, Inc.:
2.60%, 8/2/2018		250,000		250,870
7.00%, 12/15/2020		25,000		30,283
Intesa Sanpaolo SpA:
2.38%, 1/13/2017		150,000		149,776
3.13%, 1/15/2016		250,000		255,403
3.88%, 1/16/2018		200,000		205,404
3.88%, 1/15/2019		300,000		304,075
JPMorgan Chase Bank NA 6.00%, 7/5/2017		450,000		508,360
KeyBank NA 4.95%, 9/15/2015		200,000		211,082
KeyCorp:
3.75%, 8/13/2015		300,000		311,243
5.10%, 3/24/2021		340,000		377,983
Lloyds Bank PLC:
4.20%, 3/28/2017 (b)		150,000		162,125
4.88%, 1/21/2016		150,000		160,822
6.38%, 1/21/2021		150,000		179,769
Manufacturers & Traders Trust Co.:
2.30%, 1/30/2019		300,000		299,137
5.63%, 12/1/2021 (c)		250,000		258,768
National Australia Bank/New York:
1.60%, 8/7/2015		350,000		354,547
2.30%, 7/25/2018 (b)		300,000		302,299
2.75%, 3/9/2017		300,000		312,235
3.00%, 1/20/2023		300,000		284,872
National Bank of Canada 1.50%, 6/26/2015		250,000		252,667
PNC Bank NA:
1.15%, 11/1/2016		300,000		300,208
2.20%, 1/28/2019		250,000		249,508
2.95%, 1/30/2023		200,000		189,575
3.80%, 7/25/2023		250,000		251,248
PNC Funding Corp.:
2.70%, 9/19/2016		250,000		259,493
4.38%, 8/11/2020		150,000		163,738
5.13%, 2/8/2020		160,000		180,842
5.25%, 11/15/2015		250,000		266,332
5.63%, 2/1/2017		600,000		663,448
6.70%, 6/10/2019		250,000		301,179
Regions Financial Corp.:
2.00%, 5/15/2018		250,000		244,332
5.75%, 6/15/2015		250,000		263,353
Royal Bank of Canada:
1.20%, 1/23/2017		150,000		149,998
1.45%, 9/9/2016		150,000		151,841
1.50%, 1/16/2018		250,000		247,143
2.20%, 7/27/2018		300,000		302,059
2.30%, 7/20/2016		100,000		103,300
2.63%, 12/15/2015		500,000		517,242
2.88%, 4/19/2016		300,000		313,009
Societe Generale SA:
2.63%, 10/1/2018		260,000		262,116
2.75%, 10/12/2017 (b)		150,000		154,436
Sumitomo Mitsui Banking Corp.:
1.30%, 1/10/2017		300,000		299,752
1.50%, 1/18/2018		250,000		246,053
1.80%, 7/18/2017		250,000		251,114
3.00%, 1/18/2023		250,000		239,767
3.20%, 7/18/2022 (b)		250,000		245,599

209

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

SunTrust Banks, Inc.:
2.75%, 5/1/2023	$	250,000	$	234,114
3.50%, 1/20/2017		150,000		157,963
3.60%, 4/15/2016		355,000		371,900
6.00%, 9/11/2017		300,000		340,386
7.25%, 3/15/2018		150,000		175,790
Svenska Handelsbanken AB:
1.63%, 3/21/2018		200,000		196,976
2.50%, 1/25/2019		200,000		201,055
2.88%, 4/4/2017		150,000		155,908
3.13%, 7/12/2016		250,000		261,717
The Bank of New York Mellon Corp. 1.30%, 1/25/2018		500,000		490,035
The Huntington National Bank 2.20%, 4/1/2019		150,000		148,361
The Royal Bank of Scotland PLC:
1.88%, 3/31/2017		200,000		200,260
3.95%, 9/21/2015		250,000		260,602
The Toronto-Dominion Bank:
1.40%, 4/30/2018		250,000		245,471
2.38%, 10/19/2016		500,000		518,682
2.63%, 9/10/2018		250,000		256,468
UBS Preferred Funding Trust V 6.24%, 5/29/2049 (c)		300,000		318,000
Union Bank NA:
1.50%, 9/26/2016		250,000		252,771
2.13%, 6/16/2017		150,000		152,309
2.63%, 9/26/2018		50,000		50,902
5.95%, 5/11/2016		255,000		280,668
US Bancorp:
1.95%, 11/15/2018		450,000		448,159
2.20%, 11/15/2016		250,000		257,609
3.00%, 3/15/2022		300,000		297,159
3.44%, 2/1/2016		150,000		156,212
3.70%, 1/30/2024		250,000		254,398
4.13%, 5/24/2021		450,000		483,022
US Bank NA 4.80%, 4/15/2015		150,000		156,784
Wachovia Bank NA 6.00%, 11/15/2017		335,000		385,258
Wachovia Corp.:
5.63%, 10/15/2016		157,000		174,271
5.75%, 6/15/2017		300,000		340,455
5.75%, 2/1/2018		400,000		458,052
Wells Fargo & Co.:
1.25%, 7/20/2016		440,000		443,482
1.50%, 7/1/2015		250,000		252,854
1.50%, 1/16/2018		100,000		99,039
2.10%, 5/8/2017		100,000		102,485
2.15%, 1/15/2019 (b)		187,000		186,887
2.63%, 12/15/2016		250,000		260,598
3.45%, 2/13/2023		1,000,000		969,774
3.50%, 3/8/2022		150,000		152,968
3.63%, 4/15/2015		780,000		805,540
3.68%, 6/15/2016		500,000		530,226
4.60%, 4/1/2021		800,000		880,528
5.63%, 12/11/2017		700,000		798,494
Westpac Banking Corp.:
0.95%, 1/12/2016		150,000		150,822
1.60%, 1/12/2018		350,000		347,285
2.00%, 8/14/2017		100,000		101,536
2.25%, 1/17/2019		300,000		298,467
3.00%, 8/4/2015		500,000		515,928
3.00%, 12/9/2015		500,000		520,220
4.88%, 11/19/2019		300,000		333,662
Zions Bancorporation 4.50%, 3/27/2017		250,000		264,311

				51,513,253

BEVERAGES — 2.8%
Anheuser-Busch InBev Finance, Inc.:
0.80%, 1/15/2016		300,000		300,789
2.15%, 2/1/2019		200,000		199,880
2.63%, 1/17/2023		250,000		235,276
3.70%, 2/1/2024		750,000		759,532
Anheuser-Busch InBev Worldwide, Inc.:
0.80%, 7/15/2015		150,000		150,419
1.38%, 7/15/2017		988,000		989,730
2.50%, 7/15/2022		300,000		282,810
2.88%, 2/15/2016 (b)		45,000		46,816
3.63%, 4/15/2015		300,000		309,759
5.38%, 1/15/2020		415,000		474,518
7.75%, 1/15/2019		450,000		558,212
Beam, Inc. 1.75%, 6/15/2018		250,000		243,212
Coca-Cola Enterprises, Inc.:
2.13%, 9/15/2015		250,000		254,639
3.50%, 9/15/2020		150,000		154,255
Coca-Cola Femsa SAB de CV:
2.38%, 11/26/2018 (b)		300,000		299,497
3.88%, 11/26/2023		200,000		200,468
Diageo Capital PLC:
1.50%, 5/11/2017		450,000		452,319
2.63%, 4/29/2023		150,000		139,918
4.83%, 7/15/2020		250,000		278,082
5.75%, 10/23/2017		475,000		543,317
Dr. Pepper Snapple Group, Inc.:
2.00%, 1/15/2020		44,000		41,760
2.60%, 1/15/2019		200,000		202,584
3.20%, 11/15/2021		200,000		198,320
6.82%, 5/1/2018		400,000		467,298
Fomento Economico Mexicano SAB de CV 2.88%, 5/10/2023		250,000		229,925
PepsiCo, Inc.:
0.70%, 8/13/2015		450,000		450,661
1.25%, 8/13/2017		200,000		199,604
2.25%, 1/7/2019		150,000		151,178
2.50%, 5/10/2016		300,000		311,668
2.75%, 3/5/2022		150,000		144,536
2.75%, 3/1/2023		150,000		142,271
3.00%, 8/25/2021		320,000		319,461
3.13%, 11/1/2020		250,000		255,864
3.60%, 3/1/2024		179,000		179,362
5.00%, 6/1/2018		285,000		320,310
The Coca-Cola Co.:
1.50%, 11/15/2015		500,000		507,988
1.65%, 3/14/2018		250,000		249,495
1.65%, 11/1/2018		500,000		493,819
1.80%, 9/1/2016		200,000		205,070
2.45%, 11/1/2020		250,000		246,801
3.15%, 11/15/2020		270,000		274,639
3.20%, 11/1/2023		250,000		246,433

210

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

3.30%, 9/1/2021	$	300,000	$	307,441

				13,019,936

BIOTECHNOLOGY — 0.9%
Amgen, Inc.:
2.13%, 5/15/2017		200,000		204,412
2.30%, 6/15/2016		400,000		409,989
2.50%, 11/15/2016		300,000		311,381
3.45%, 10/1/2020		300,000		309,118
3.63%, 5/15/2022		150,000		152,883
3.88%, 11/15/2021		300,000		313,300
4.10%, 6/15/2021 (b)		100,000		106,179
5.85%, 6/1/2017		100,000		113,135
6.15%, 6/1/2018		150,000		174,026
Biogen Idec, Inc. 6.88%, 3/1/2018 (b)		150,000		176,156
Celgene Corp.:
1.90%, 8/15/2017		600,000		603,514
3.25%, 8/15/2022		100,000		97,308
4.00%, 8/15/2023		100,000		101,757
Genentech, Inc. 4.75%, 7/15/2015		150,000		158,015
Gilead Sciences, Inc.:
4.40%, 12/1/2021		250,000		270,090
4.50%, 4/1/2021 (b)		375,000		409,746
Life Technologies Corp. 3.50%, 1/15/2016		500,000		521,378

				4,432,387

BUILDING MATERIALS — 0.1%
CRH America, Inc. 6.00%, 9/30/2016		359,000		399,558

BUILDING PRODUCTS — 0.1%
Owens Corning:
4.20%, 12/15/2022		600,000		586,050
9.00%, 6/15/2019		45,000		54,549

				640,599

CAPITAL MARKETS — 5.4%
Affiliated Managers Group, Inc. 4.25%, 2/15/2024		100,000		100,193
Ameriprise Financial, Inc. 5.30%, 3/15/2020		150,000		169,445
Ares Capital Corp. 4.88%, 11/30/2018		100,000		103,000
BlackRock, Inc.:
3.38%, 6/1/2022		350,000		353,725
5.00%, 12/10/2019		356,000		400,658
HSBC Finance Capital Trust IX 5.91%, 11/30/2035 (c)		200,000		207,500
HSBC USA, Inc. 1.63%, 1/16/2018		200,000		198,118
Jefferies Group, Inc. 5.13%, 4/13/2018		350,000		379,951
Morgan Stanley:
2.13%, 4/25/2018		568,000		566,501
3.45%, 11/2/2015		1,000,000		1,037,939
3.75%, 2/25/2023 (b)		1,096,000		1,089,794
3.80%, 4/29/2016		1,950,000		2,053,229
4.10%, 5/22/2023		250,000		247,074
5.50%, 1/26/2020		250,000		281,528
5.50%, 7/28/2021		700,000		789,962
5.55%, 4/27/2017		500,000		556,897
5.63%, 9/23/2019		635,000		721,607
5.75%, 10/18/2016		600,000		665,371
5.75%, 1/25/2021		50,000		57,174
6.00%, 4/28/2015		150,000		158,278
6.63%, 4/1/2018		600,000		698,803
7.30%, 5/13/2019		400,000		484,322
Northern Trust Corp.:
3.38%, 8/23/2021		150,000		155,262
3.45%, 11/4/2020		100,000		105,036
TD Ameritrade Holding Corp. 5.60%, 12/1/2019		145,000		164,805
The Bank of New York Mellon Corp.:
0.70%, 10/23/2015		120,000		120,032
1.97%, 6/20/2017		150,000		152,913
2.10%, 8/1/2018		120,000		119,935
2.30%, 7/28/2016		70,000		72,214
3.55%, 9/23/2021		375,000		385,946
3.65%, 2/4/2024		150,000		151,037
4.15%, 2/1/2021		250,000		268,190
4.60%, 1/15/2020		39,000		43,026
The Bear Stearns Cos. LLC:
4.65%, 7/2/2018		250,000		274,058
5.55%, 1/22/2017		500,000		553,573
7.25%, 2/1/2018		845,000		1,006,402
The Goldman Sachs Group, Inc.:
2.38%, 1/22/2018		1,225,000		1,232,638
2.90%, 7/19/2018		500,000		510,495
3.63%, 2/7/2016		1,150,000		1,202,980
3.63%, 1/22/2023 (b)		750,000		737,724
3.70%, 8/1/2015		1,250,000		1,296,071
4.00%, 3/3/2024		865,000		859,008
5.25%, 7/27/2021		650,000		719,551
5.38%, 3/15/2020		400,000		446,072
5.63%, 1/15/2017		350,000		386,444
5.75%, 1/24/2022		400,000		453,865
5.95%, 1/18/2018		1,100,000		1,244,591
6.00%, 6/15/2020		550,000		631,586
6.15%, 4/1/2018		60,000		68,501
7.50%, 2/15/2019		600,000		725,659

				25,408,683

CHEMICALS — 2.0%
Agrium, Inc. 3.50%, 6/1/2023 (b)		350,000		340,725
Air Products & Chemicals, Inc.:
2.00%, 8/2/2016		55,000		56,290
4.38%, 8/21/2019		100,000		109,327
Airgas, Inc. 1.65%, 2/15/2018		250,000		244,167
CF Industries, Inc. 7.13%, 5/1/2020		350,000		417,213
E.I. du Pont de Nemours & Co.:
2.80%, 2/15/2023		250,000		238,121
4.25%, 4/1/2021		50,000		53,968
4.63%, 1/15/2020		150,000		166,111
5.25%, 12/15/2016		250,000		278,061
6.00%, 7/15/2018		250,000		290,751
Eastman Chemical Co.:
3.00%, 12/15/2015		150,000		155,106
3.60%, 8/15/2022		350,000		347,856

211

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Ecolab, Inc.:
1.00%, 8/9/2015	$	94,000	$	94,212
4.35%, 12/8/2021		300,000		324,281
International Flavors & Fragrances, Inc. 3.20%, 5/1/2023		50,000		47,471
Lubrizol Corp. 8.88%, 2/1/2019		150,000		192,381
LYB International Finance BV 4.00%, 7/15/2023 (b)		40,000		40,760
LyondellBasell Industries NV:
5.00%, 4/15/2019		150,000		166,237
6.00%, 11/15/2021		500,000		583,304
Methanex Corp. 3.25%, 12/15/2019		100,000		100,188
Monsanto Co.:
2.20%, 7/15/2022		150,000		139,617
2.75%, 4/15/2016		100,000		104,077
NewMarket Corp. 4.10%, 12/15/2022		50,000		49,545
Potash Corp. of Saskatchewan, Inc.:
3.75%, 9/30/2015		360,000		375,324
4.88%, 3/30/2020		450,000		496,958
PPG Industries, Inc.:
2.70%, 8/15/2022		250,000		236,368
6.65%, 3/15/2018		100,000		116,097
Praxair, Inc.:
1.25%, 11/7/2018		250,000		240,589
2.20%, 8/15/2022		150,000		138,792
2.45%, 2/15/2022		250,000		237,453
3.25%, 9/15/2015		250,000		259,468
4.05%, 3/15/2021		100,000		107,031
RPM International, Inc. 6.13%, 10/15/2019		300,000		339,125
The Dow Chemical Co.:
2.50%, 2/15/2016		350,000		360,359
3.00%, 11/15/2022		150,000		142,569
4.13%, 11/15/2021		550,000		575,617
4.25%, 11/15/2020		40,000		42,373
8.55%, 5/15/2019		560,000		716,853
The Mosaic Co. 3.75%, 11/15/2021		150,000		151,880
The Sherwin-Williams Co. 1.35%, 12/15/2017		250,000		247,044
Valspar Corp. 4.20%, 1/15/2022		50,000		51,381
Westlake Chemical Corp. 3.60%, 7/15/2022		29,000		28,237

				9,403,287

COMMERCIAL SERVICES & SUPPLIES — 0.6%
Avery Dennison Corp. 3.35%, 4/15/2023		100,000		93,838
Cintas Corp.:
4.30%, 6/1/2021		250,000		262,161
6.13%, 12/1/2017		100,000		112,620
MasterCard, Inc. 3.38%, 4/1/2024		70,000		69,998
Pitney Bowes, Inc.:
5.75%, 9/15/2017		150,000		168,528
6.25%, 3/15/2019		135,000		152,323
Princeton University 4.95%, 3/1/2019		3,000		3,385
Republic Services, Inc.:
3.55%, 6/1/2022		650,000		646,655
5.50%, 9/15/2019		305,000		345,846
The Western Union Co.:
5.25%, 4/1/2020 (b)		135,000		144,219
5.93%, 10/1/2016		150,000		165,895
Total System Services, Inc. 2.38%, 6/1/2018		100,000		98,792
Waste Management, Inc.:
4.60%, 3/1/2021		210,000		227,196
7.38%, 3/11/2019		150,000		182,306

				2,673,762

COMMUNICATIONS EQUIPMENT — 0.8%
Cisco Systems, Inc.:
1.10%, 3/3/2017		890,000		889,992
2.13%, 3/1/2019		500,000		499,115
2.90%, 3/4/2021		55,000		55,005
3.15%, 3/14/2017		150,000		158,325
4.45%, 1/15/2020		550,000		605,487
4.95%, 2/15/2019		320,000		358,662
5.50%, 2/22/2016		300,000		327,669
Juniper Networks, Inc.:
3.10%, 3/15/2016		35,000		36,144
4.60%, 3/15/2021		100,000		104,070
Motorola Solutions, Inc. 3.75%, 5/15/2022		250,000		245,263
Telefonaktiebolaget LM Ericsson 4.13%, 5/15/2022		250,000		255,180

				3,534,912

CONSTRUCTION & ENGINEERING — 0.2%
ABB Finance USA, Inc.:
1.63%, 5/8/2017		250,000		251,093
2.88%, 5/8/2022		100,000		97,100
Fluor Corp. 3.38%, 9/15/2021		250,000		250,976
URS Corp. 5.00%, 4/1/2022 (b)		150,000		148,875

				748,044

CONSUMER FINANCE — 1.0%
Caterpillar Financial Services Corp.:
0.70%, 11/6/2015		250,000		250,557
1.35%, 9/6/2016		600,000		607,350
1.63%, 6/1/2017		100,000		100,910
2.05%, 8/1/2016		500,000		511,962
7.15%, 2/15/2019		250,000		302,838
Discover Financial Services:
3.85%, 11/21/2022		350,000		341,800
5.20%, 4/27/2022		100,000		106,605
John Deere Capital Corp.:
1.05%, 12/15/2016		200,000		200,748
1.20%, 10/10/2017		250,000		247,602
1.70%, 1/15/2020		150,000		143,075
1.85%, 9/15/2016		250,000		255,021
1.95%, 12/13/2018 (b)		150,000		149,577
2.25%, 4/17/2019		150,000		150,405
2.80%, 9/18/2017		250,000		258,612
2.80%, 3/4/2021		500,000		494,141
3.90%, 7/12/2021		150,000		159,015

212

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.75%, 9/10/2018	$	350,000	$	404,014

				4,684,232

CONTAINERS & PACKAGING — 0.1%
Bemis Co., Inc. 4.50%, 10/15/2021		150,000		157,362
Packaging Corp. of America 4.50%, 11/1/2023		33,000		34,287
Rock Tenn Co. 4.90%, 3/1/2022		200,000		213,851

				405,500

DIVERSIFIED CONSUMER SERVICES — 0.1%
Stanford University 4.75%, 5/1/2019		250,000		280,078

DIVERSIFIED FINANCIAL SERVICES — 14.3%
Air Lease Corp.:
3.38%, 1/15/2019		150,000		152,695
3.88%, 4/1/2021		50,000		50,170
4.75%, 3/1/2020		250,000		265,000
American Express Co.:
1.55%, 5/22/2018		50,000		48,947
2.65%, 12/2/2022		250,000		236,463
6.15%, 8/28/2017		450,000		517,750
6.80%, 9/1/2066 (c)		200,000		218,000
7.00%, 3/19/2018		300,000		356,130
8.13%, 5/20/2019		305,000		386,642
American Express Credit Corp.:
2.13%, 7/27/2018		250,000		250,120
2.13%, 3/18/2019		200,000		199,924
2.75%, 9/15/2015		400,000		411,960
2.80%, 9/19/2016		450,000		469,241
American Honda Finance Corp.:
1.13%, 10/7/2016		300,000		301,587
2.13%, 10/10/2018		200,000		200,793
Ameriprise Financial, Inc. 5.65%, 11/15/2015		125,000		134,456
Associates Corp. of North America 6.95%, 11/1/2018		250,000		295,947
Bank of America Corp.:
1.25%, 1/11/2016		500,000		502,355
1.50%, 10/9/2015		600,000		604,958
2.00%, 1/11/2018		800,000		797,018
2.60%, 1/15/2019		114,000		114,340
3.30%, 1/11/2023		500,000		480,192
3.63%, 3/17/2016		750,000		786,162
3.70%, 9/1/2015		300,000		311,702
3.75%, 7/12/2016		600,000		633,866
3.88%, 3/22/2017		300,000		319,478
4.13%, 1/22/2024 (b)		250,000		251,588
4.50%, 4/1/2015		755,000		783,062
4.75%, 8/1/2015		250,000		262,685
5.00%, 5/13/2021		350,000		384,535
5.25%, 12/1/2015		700,000		745,046
5.63%, 7/1/2020		800,000		907,473
5.65%, 5/1/2018		725,000		818,735
5.70%, 1/24/2022		250,000		285,920
5.75%, 12/1/2017		700,000		791,537
5.88%, 1/5/2021		600,000		691,915
6.00%, 9/1/2017		500,000		566,960
6.50%, 8/1/2016		600,000		670,994
6.88%, 4/25/2018		1,267,000		1,490,082
Bank of America NA 5.30%, 3/15/2017		500,000		549,991
Boeing Capital Corp.:
2.13%, 8/15/2016		100,000		103,254
2.90%, 8/15/2018		50,000		52,275
4.70%, 10/27/2019		250,000		279,363
BP Capital Markets PLC:
3.13%, 10/1/2015		250,000		259,290
3.20%, 3/11/2016		650,000		680,142
4.50%, 10/1/2020		350,000		379,870
Capital One Bank USA NA:
1.20%, 2/13/2017		250,000		248,388
8.80%, 7/15/2019		895,000		1,143,884
Capital One Financial Corp.:
3.15%, 7/15/2016		60,000		62,689
6.15%, 9/1/2016		250,000		278,817
Citigroup, Inc.:
1.25%, 1/15/2016		550,000		552,119
1.30%, 4/1/2016		600,000		601,989
1.70%, 7/25/2016		300,000		303,402
1.75%, 5/1/2018		150,000		147,302
2.25%, 8/7/2015		600,000		610,826
3.38%, 3/1/2023		368,000		353,416
3.50%, 5/15/2023		250,000		235,116
3.88%, 10/25/2023		250,000		247,819
4.50%, 1/14/2022		510,000		538,231
4.59%, 12/15/2015		1,100,000		1,165,930
4.75%, 5/19/2015		400,000		417,638
5.30%, 1/7/2016		250,000		268,399
5.38%, 8/9/2020		100,000		112,336
5.50%, 2/15/2017		540,000		596,628
5.85%, 8/2/2016		500,000		552,269
6.13%, 11/21/2017		250,000		285,915
6.13%, 5/15/2018		250,000		287,576
8.50%, 5/22/2019		590,000		750,197
Credit Suisse USA, Inc.:
5.13%, 8/15/2015		300,000		317,746
5.38%, 3/2/2016		300,000		323,456
5.85%, 8/16/2016		250,000		277,761
Ford Motor Credit Co. LLC:
1.70%, 5/9/2016		250,000		252,894
2.38%, 1/16/2018		250,000		252,371
2.75%, 5/15/2015		500,000		510,405
2.88%, 10/1/2018 (b)		300,000		306,263
3.00%, 6/12/2017		300,000		311,414
4.38%, 8/6/2023 (b)		250,000		258,319
5.63%, 9/15/2015		150,000		159,701
5.75%, 2/1/2021		250,000		285,129
5.88%, 8/2/2021		650,000		747,032
6.63%, 8/15/2017		750,000		863,869
7.00%, 4/15/2015		1,000,000		1,063,126
Franklin Resources, Inc. 2.80%, 9/15/2022		150,000		143,163
General Electric Capital Corp.:
1.00%, 1/8/2016		750,000		754,849
1.50%, 7/12/2016		250,000		253,253
1.63%, 7/2/2015		750,000		760,032
1.63%, 4/2/2018		250,000		248,193
2.30%, 4/27/2017		300,000		308,728
2.30%, 1/14/2019		300,000		302,127
2.90%, 1/9/2017		600,000		627,049

213

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

3.10%, 1/9/2023 (b)	$	475,000	$	463,362
3.50%, 6/29/2015		500,000		518,507
4.38%, 9/16/2020		350,000		379,923
4.63%, 1/7/2021		250,000		275,099
4.65%, 10/17/2021		250,000		274,558
5.00%, 1/8/2016		750,000		806,580
5.30%, 2/11/2021 (b)		495,000		556,119
5.40%, 2/15/2017		750,000		836,174
5.50%, 1/8/2020		550,000		631,329
5.63%, 9/15/2017		250,000		283,692
5.63%, 5/1/2018		670,000		765,813
6.00%, 8/7/2019		250,000		293,375
6.38%, 11/15/2067 (c)		150,000		165,000
HSBC Finance Corp.:
5.00%, 6/30/2015 (b)		310,000		325,200
5.25%, 4/15/2015 (b)		150,000		156,873
6.68%, 1/15/2021		500,000		582,852
IntercontinentalExchange Group, Inc. 4.00%, 10/15/2023		200,000		206,812
Jefferies Group LLC 5.13%, 1/20/2023		367,000		385,531
JPMorgan Chase & Co.:
1.13%, 2/26/2016		250,000		250,625
1.35%, 2/15/2017		750,000		749,782
1.63%, 5/15/2018		1,250,000		1,227,974
2.00%, 8/15/2017		250,000		252,198
2.35%, 1/28/2019 (b)		250,000		250,076
2.60%, 1/15/2016		600,000		617,170
3.15%, 7/5/2016		1,200,000		1,252,528
3.20%, 1/25/2023		800,000		776,850
3.25%, 9/23/2022		700,000		686,987
3.38%, 5/1/2023		250,000		236,631
3.40%, 6/24/2015		500,000		515,996
3.45%, 3/1/2016		500,000		522,787
4.35%, 8/15/2021		150,000		160,681
4.40%, 7/22/2020		300,000		323,195
4.50%, 1/24/2022		500,000		538,321
4.63%, 5/10/2021		150,000		163,437
5.15%, 10/1/2015		300,000		318,018
6.13%, 6/27/2017		250,000		283,607
6.30%, 4/23/2019		400,000		470,314
Lazard Group LLC:
4.25%, 11/14/2020		71,000		73,428
6.85%, 6/15/2017		145,000		164,882
Leucadia National Corp. 5.50%, 10/18/2023		200,000		207,409
Merrill Lynch & Co., Inc.:
5.30%, 9/30/2015		250,000		264,734
6.40%, 8/28/2017		250,000		286,742
6.50%, 7/15/2018		300,000		346,743
6.88%, 11/15/2018		300,000		356,758
Moody’s Corp. 4.50%, 9/1/2022		250,000		256,442
National Rural Utilities Cooperative Finance Corp.:
1.10%, 1/27/2017		250,000		249,375
4.75%, 4/30/2043 (c)		100,000		94,500
5.45%, 2/1/2018		250,000		280,851
10.38%, 11/1/2018		185,000		248,733
Nomura Holdings, Inc.:
2.00%, 9/13/2016		250,000		252,454
4.13%, 1/19/2016		202,000		212,155
6.70%, 3/4/2020		155,000		182,572
ORIX Corp.:
3.75%, 3/9/2017		150,000		158,025
5.00%, 1/12/2016 (b)		300,000		319,965
PACCAR Financial Corp.:
0.70%, 11/16/2015		150,000		149,923
1.15%, 8/16/2016		150,000		150,590
Royal Bank of Scotland Group PLC:
2.55%, 9/18/2015		426,000		434,696
4.38%, 3/16/2016		300,000		319,044
5.63%, 8/24/2020		450,000		507,307
The Charles Schwab Corp. 4.45%, 7/22/2020		250,000		272,439
The Nasdaq OMX Group, Inc.:
5.25%, 1/16/2018		60,000		65,560
5.55%, 1/15/2020		246,000		269,331
Toyota Motor Credit Corp.:
0.88%, 7/17/2015		250,000		251,105
1.25%, 10/5/2017		200,000		198,091
1.38%, 1/10/2018		250,000		246,922
1.75%, 5/22/2017		300,000		304,046
2.00%, 9/15/2016		50,000		51,380
2.00%, 10/24/2018		300,000		299,959
2.10%, 1/17/2019		500,000		499,019
2.63%, 1/10/2023 (b)		150,000		142,168
2.80%, 1/11/2016		150,000		155,794
3.20%, 6/17/2015		150,000		154,824
3.30%, 1/12/2022		300,000		303,586
3.40%, 9/15/2021		150,000		154,230
4.25%, 1/11/2021		150,000		163,093
UBS AG of Stamford, CT:
4.88%, 8/4/2020 (b)		22,000		24,281
5.75%, 4/25/2018		421,000		480,360
5.88%, 7/15/2016		500,000		551,534
5.88%, 12/20/2017		233,000		266,098

				66,963,503

DIVERSIFIED TELECOMMUNICATION SERVICES — 2.6%
America Movil SAB de CV 5.00%, 10/16/2019		350,000		384,309
AT&T, Inc.:
0.80%, 12/1/2015		300,000		300,497
0.90%, 2/12/2016		300,000		300,666
1.70%, 6/1/2017		250,000		251,924
2.30%, 3/11/2019 (b)		500,000		498,766
2.50%, 8/15/2015		250,000		255,954
2.63%, 12/1/2022 (b)		450,000		416,767
2.95%, 5/15/2016		250,000		260,696
3.00%, 2/15/2022		300,000		289,041
3.88%, 8/15/2021		350,000		363,639
5.60%, 5/15/2018		150,000		170,859
British Telecommunications PLC:
1.63%, 6/28/2016		250,000		253,276
5.95%, 1/15/2018		400,000		456,061
Harris Corp. 6.38%, 6/15/2019		100,000		115,976
Telefonica Emisiones SAU 3.19%, 4/27/2018		500,000		512,082
Verizon Communications, Inc.:
1.10%, 11/1/2017		250,000		245,575
2.00%, 11/1/2016		300,000		307,169

214

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

2.45%, 11/1/2022	$	250,000	$	226,757
2.50%, 9/15/2016		674,000		698,466
2.55%, 6/17/2019		500,000		502,610
3.00%, 4/1/2016		250,000		260,740
3.50%, 11/1/2021		50,000		50,247
3.65%, 9/14/2018		1,000,000		1,064,983
4.15%, 3/15/2024		450,000		458,835
4.50%, 9/15/2020		693,000		752,613
4.60%, 4/1/2021 (b)		350,000		377,205
4.90%, 9/15/2015		250,000		264,616
5.15%, 9/15/2023		1,850,000		2,025,971

				12,066,300

ELECTRIC UTILITIES — 3.9%
Alabama Power Co. 0.55%, 10/15/2015		100,000		99,436
Arizona Public Service Co. 6.25%, 8/1/2016		205,000		226,793
Baltimore Gas & Electric Co.:
3.35%, 7/1/2023		250,000		245,975
5.90%, 10/1/2016		150,000		167,629
Carolina Power & Light Co. 5.30%, 1/15/2019		100,000		113,707
CMS Energy Corp. 5.05%, 2/15/2018		250,000		276,471
Commonwealth Edison Co.:
3.40%, 9/1/2021		100,000		102,204
4.00%, 8/1/2020		60,000		63,745
5.80%, 3/15/2018		520,000		594,508
Consolidated Edison Co. of New York, Inc.:
5.85%, 4/1/2018		358,000		408,761
6.65%, 4/1/2019		155,000		186,163
Consumers Energy Co.:
3.38%, 8/15/2023		100,000		99,915
5.65%, 9/15/2018		100,000		114,918
Consumers Energy Co., Series M 5.50%, 8/15/2016		250,000		274,201
Delmarva Power & Light Co. 3.50%, 11/15/2023		150,000		150,653
Dominion Gas Holdings LLC 1.05%, 11/1/2016 (d)		250,000		249,430
Duke Energy Carolinas LLC:
1.75%, 12/15/2016		100,000		101,890
3.90%, 6/15/2021		150,000		159,238
Duke Energy Corp.:
1.63%, 8/15/2017		300,000		300,929
2.10%, 6/15/2018		250,000		250,462
3.05%, 8/15/2022		250,000		242,328
3.55%, 9/15/2021		200,000		204,408
Duke Energy Florida, Inc. 5.65%, 6/15/2018		300,000		343,649
Duke Energy Ohio, Inc. 5.45%, 4/1/2019		250,000		286,448
Duke Energy Progress, Inc. 5.25%, 12/15/2015		320,000		342,882
Edison International 3.75%, 9/15/2017		350,000		372,398
Entergy Corp.:
3.63%, 9/15/2015		300,000		307,220
5.13%, 9/15/2020		300,000		320,722
Entergy Mississippi, Inc. 3.10%, 7/1/2023 (b)		250,000		240,703
Exelon Corp. 4.90%, 6/15/2015		250,000		261,398
Exelon Generation Co. LLC:
4.00%, 10/1/2020		100,000		101,528
4.25%, 6/15/2022		100,000		101,176
Florida Power Corp. 3.10%, 8/15/2021		210,000		211,805
FPL Group Capital, Inc. 6.00%, 3/1/2019		470,000		538,320
Georgia Power Co.:
0.75%, 8/10/2015		100,000		100,092
4.25%, 12/1/2019		110,000		119,424
5.70%, 6/1/2017		100,000		113,304
Great Plains Energy, Inc.:
4.85%, 6/1/2021		75,000		81,290
5.29%, 6/15/2022		250,000		275,845
Indiana Michigan Power Co., Series I 7.00%, 3/15/2019		165,000		198,014
Kentucky Utilities Co. 1.63%, 11/1/2015		250,000		253,160
LG&E and KU Energy LLC 3.75%, 11/15/2020		300,000		308,345
Mississippi Power Co. 2.35%, 10/15/2016		250,000		256,726
National Fuel Gas Co. 3.75%, 3/1/2023		175,000		167,612
Nevada Power Co. 6.50%, 8/1/2018		305,000		359,701
NextEra Energy Capital Holdings, Inc. 2.60%, 9/1/2015		300,000		305,541
Nisource Finance Corp.:
6.13%, 3/1/2022		250,000		288,020
6.40%, 3/15/2018		250,000		288,407
Northeast Utilities 1.45%, 5/1/2018		250,000		243,164
NSTAR Electric Co. 2.38%, 10/15/2022		150,000		140,117
Ohio Power Co.:
5.38%, 10/1/2021		250,000		287,345
6.05%, 5/1/2018		250,000		284,732
Pacific Gas & Electric Co.:
2.45%, 8/15/2022 (b)		300,000		276,782
3.50%, 10/1/2020		250,000		256,896
8.25%, 10/15/2018		150,000		186,913
Peco Energy Co.:
1.20%, 10/15/2016		83,000		83,000
2.38%, 9/15/2022		100,000		94,105
PG&E Corp. 2.40%, 3/1/2019		200,000		197,861
Potomac Electric Power Co. 3.60%, 3/15/2024		50,000		50,635
PPL Capital Funding, Inc.:
1.90%, 6/1/2018		60,000		58,950
3.50%, 12/1/2022		150,000		146,966
PPL Electric Utilities Corp.:
2.50%, 9/1/2022		100,000		94,761
3.00%, 9/15/2021		100,000		100,484
PPL Energy Supply LLC 6.50%, 5/1/2018 (b)		300,000		335,738

215

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Progress Energy, Inc.:
4.40%, 1/15/2021	$	150,000	$	161,504
7.05%, 3/15/2019		256,000		307,812
PSEG Power LLC 5.13%, 4/15/2020		280,000		309,171
Public Service Co. of Colorado 5.13%, 6/1/2019		200,000		226,193
Public Service Electric & Gas Co.:
2.38%, 5/15/2023		250,000		231,434
2.70%, 5/1/2015		150,000		153,426
Puget Energy, Inc. 6.00%, 9/1/2021		200,000		231,060
South Carolina Electric & Gas Co. 5.25%, 11/1/2018		200,000		227,548
Southern California Edison Co. 3.88%, 6/1/2021		35,000		37,113
Southern Power Co. 4.88%, 7/15/2015		250,000		262,763
Southwestern Electric Power Co. 3.55%, 2/15/2022		250,000		252,076
Tampa Electric Co. 2.60%, 9/15/2022		150,000		142,037
TECO Finance, Inc. 5.15%, 3/15/2020		150,000		166,491
The Detroit Edison Co.:
2.65%, 6/15/2022		350,000		335,821
3.45%, 10/1/2020		100,000		104,213
The Southern Co. 2.45%, 9/1/2018		90,000		91,386
Union Electric Co.:
6.40%, 6/15/2017		250,000		283,728
6.70%, 2/1/2019		50,000		59,848
Virginia Electric and Power Co.:
3.45%, 2/15/2024		100,000		99,704
5.40%, 4/30/2018		155,000		175,855
Westar Energy, Inc. 5.10%, 7/15/2020		250,000		282,735
Wisconsin Electric Power Co. 4.25%, 12/15/2019		150,000		163,597

				18,321,458

ELECTRICAL EQUIPMENT — 0.4%
Agilent Technologies, Inc.:
5.00%, 7/15/2020		200,000		219,598
6.50%, 11/1/2017		400,000		462,233
Emerson Electric Co.:
2.63%, 2/15/2023		100,000		95,026
5.00%, 4/15/2019		200,000		222,400
5.25%, 10/15/2018		60,000		67,413
Jabil Circuit, Inc. 4.70%, 9/15/2022		500,000		495,000
Roper Industries, Inc.:
1.85%, 11/15/2017		80,000		79,222
2.05%, 10/1/2018		250,000		244,582

				1,885,474

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.2%
Amphenol Corp. 4.00%, 2/1/2022		150,000		150,728
Arrow Electronics, Inc. 5.13%, 3/1/2021		150,000		161,273
Avnet, Inc. 6.63%, 9/15/2016		160,000		179,531
Corning, Inc. 1.45%, 11/15/2017		200,000		196,310
Energizer Holdings, Inc. 4.70%, 5/24/2022		100,000		102,545
Tech Data Corp. 3.75%, 9/21/2017 (b)		100,000		102,454

				892,841

ENERGY EQUIPMENT & SERVICES — 0.5%
Cameron International Corp.:
4.50%, 6/1/2021		50,000		52,866
6.38%, 7/15/2018		250,000		289,232
FMC Technologies, Inc. 3.45%, 10/1/2022		100,000		95,338
Halliburton Co.:
1.00%, 8/1/2016		300,000		301,108
2.00%, 8/1/2018		100,000		100,028
3.25%, 11/15/2021 (b)		250,000		252,264
6.15%, 9/15/2019		125,000		147,482
Nabors Industries, Inc.:
4.63%, 9/15/2021		150,000		154,961
9.25%, 1/15/2019		595,000		742,711
National Oilwell Varco, Inc.:
1.35%, 12/1/2017		150,000		148,245
2.60%, 12/1/2022		100,000		94,430

				2,378,665

FOOD & STAPLES RETAILING — 1.8%
Costco Wholesale Corp.:
1.13%, 12/15/2017		250,000		247,076
1.70%, 12/15/2019		250,000		241,850
5.50%, 3/15/2017		300,000		334,192
CVS Caremark Corp.:
1.20%, 12/5/2016		600,000		603,483
2.25%, 12/5/2018		139,000		139,225
4.13%, 5/15/2021		250,000		265,350
4.75%, 5/18/2020		300,000		327,986
5.75%, 6/1/2017		317,000		358,609
Safeway, Inc.:
4.75%, 12/1/2021 (b)		100,000		102,750
5.00%, 8/15/2019		190,000		196,175
6.35%, 8/15/2017		300,000		343,500
Sysco Corp. 5.38%, 3/17/2019		200,000		227,340
Target Corp. 6.00%, 1/15/2018		460,000		528,381
The Kroger Co.:
2.30%, 1/15/2019		150,000		148,764
3.30%, 1/15/2021		150,000		149,562
3.40%, 4/15/2022		450,000		437,465
6.40%, 8/15/2017		250,000		286,747
Wal-Mart Stores, Inc.:
0.60%, 4/11/2016		750,000		751,364
1.13%, 4/11/2018		150,000		146,983
2.55%, 4/11/2023		250,000		234,430
2.80%, 4/15/2016		250,000		259,421
3.25%, 10/25/2020		300,000		311,459
3.63%, 7/8/2020		500,000		525,523
4.25%, 4/15/2021		375,000		409,384
5.38%, 4/5/2017		50,000		56,250

216

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.80%, 2/15/2018	$	250,000	$	288,625
Walgreen Co.:
1.80%, 9/15/2017		150,000		151,205
3.10%, 9/15/2022 (b)		125,000		120,165
5.25%, 1/15/2019		250,000		280,922

				8,474,186

FOOD PRODUCTS — 1.7%
Archer-Daniels-Midland Co.:
4.48%, 3/1/2021		150,000		162,539
5.45%, 3/15/2018		300,000		340,481
Bunge Ltd. Finance Corp. 3.20%, 6/15/2017		250,000		259,027
Bunge, Ltd. 8.50%, 6/15/2019		150,000		186,099
Campbell Soup Co.:
3.05%, 7/15/2017		100,000		104,691
4.25%, 4/15/2021		150,000		156,722
ConAgra Foods, Inc.:
1.35%, 9/10/2015		150,000		150,300
1.90%, 1/25/2018		251,000		248,773
2.10%, 3/15/2018		150,000		146,517
3.20%, 1/25/2023		250,000		238,928
7.00%, 4/15/2019		250,000		296,915
Delhaize Group SA 4.13%, 4/10/2019		100,000		104,200
General Mills, Inc.:
0.88%, 1/29/2016		80,000		80,341
3.15%, 12/15/2021		50,000		50,247
3.65%, 2/15/2024		111,000		111,668
5.70%, 2/15/2017		250,000		280,681
Ingredion, Inc. 1.80%, 9/25/2017		150,000		147,107
Kellogg Co.:
1.75%, 5/17/2017		200,000		201,336
1.88%, 11/17/2016		200,000		203,952
3.25%, 5/21/2018		35,000		36,554
4.15%, 11/15/2019		150,000		161,328
4.45%, 5/30/2016		300,000		321,765
Kraft Foods Group, Inc.:
2.25%, 6/5/2017		525,000		538,319
3.50%, 6/6/2022		250,000		251,314
5.38%, 2/10/2020		150,000		171,052
6.13%, 8/23/2018		150,000		174,919
McCormick & Co., Inc. 3.50%, 9/1/2023		107,000		108,045
Mondelez International, Inc.:
4.13%, 2/9/2016		260,000		275,444
5.38%, 2/10/2020		810,000		915,729
6.13%, 8/23/2018		130,000		150,708
The Hershey Co. 1.50%, 11/1/2016		250,000		253,888
The Hillshire Brands Co. 2.75%, 9/15/2015		200,000		202,458
The JM Smucker Co. 3.50%, 10/15/2021		300,000		305,071
Tyson Foods, Inc. 4.50%, 6/15/2022 (b)		200,000		208,481
Unilever Capital Corp.:
0.85%, 8/2/2017		150,000		147,174
2.20%, 3/6/2019		250,000		249,847
4.25%, 2/10/2021		150,000		163,333

				8,105,953

GAS UTILITIES — 0.2%
AGL Capital Corp. 3.50%, 9/15/2021		140,000		143,728
Atmos Energy Corp. 8.50%, 3/15/2019		150,000		192,403
National Grid PLC 6.30%, 8/1/2016		100,000		111,620
Questar Corp. 2.75%, 2/1/2016		315,000		320,427

				768,178

HEALTH CARE EQUIPMENT & SUPPLIES — 1.2%
Baxter International, Inc.:
1.85%, 1/15/2017		500,000		504,892
2.40%, 8/15/2022		200,000		186,569
3.20%, 6/15/2023		250,000		242,687
4.50%, 8/15/2019		150,000		165,125
Becton Dickinson and Co.:
3.13%, 11/8/2021		150,000		150,297
3.25%, 11/12/2020		250,000		253,974
Boston Scientific Corp.:
6.00%, 1/15/2020		250,000		287,807
6.40%, 6/15/2016		275,000		305,966
C.R. Bard, Inc.:
1.38%, 1/15/2018		100,000		97,970
2.88%, 1/15/2016		75,000		78,182
CareFusion Corp. 3.30%, 3/1/2023		100,000		93,466
Covidien International Finance SA:
2.80%, 6/15/2015		350,000		358,243
2.95%, 6/15/2023		100,000		94,375
6.00%, 10/15/2017		500,000		574,274
DENTSPLY International, Inc. 4.13%, 8/15/2021		100,000		102,480
Edwards Lifesciences Corp. 2.88%, 10/15/2018		150,000		150,075
Johnson & Johnson 2.95%, 9/1/2020		250,000		254,944
Medtronic, Inc.:
2.63%, 3/15/2016 (b)		250,000		259,233
2.75%, 4/1/2023		300,000		285,545
3.13%, 3/15/2022		250,000		249,993
4.45%, 3/15/2020		185,000		202,454
St. Jude Medical, Inc. 2.50%, 1/15/2016		250,000		257,037
Stryker Corp. 2.00%, 9/30/2016		300,000		308,208
Zimmer Holdings, Inc. 3.38%, 11/30/2021		150,000		149,509

				5,613,305

HEALTH CARE PROVIDERS & SERVICES — 1.8%
Aetna, Inc.:
1.50%, 11/15/2017		250,000		248,884
2.75%, 11/15/2022		250,000		235,691
3.95%, 9/1/2020		150,000		157,784
AmerisourceBergen Corp. 4.88%, 11/15/2019		250,000		276,079

217

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Cardinal Health, Inc.:
3.20%, 3/15/2023	$	150,000	$	144,600
5.80%, 10/15/2016		250,000		278,940
Catholic Health Initiatives 2.95%, 11/1/2022		300,000		279,889
CIGNA Corp.:
4.00%, 2/15/2022		250,000		258,718
4.50%, 3/15/2021		150,000		161,451
5.13%, 6/15/2020		350,000		388,401
Coventry Health Care, Inc. 5.45%, 6/15/2021		190,000		216,782
Express Scripts Holding Co.:
2.65%, 2/15/2017		750,000		776,291
3.90%, 2/15/2022		500,000		512,766
4.75%, 11/15/2021		250,000		271,693
Humana, Inc. 7.20%, 6/15/2018		260,000		309,249
Laboratory Corp. of America Holdings:
2.20%, 8/23/2017		67,000		67,612
2.50%, 11/1/2018		150,000		149,465
3.13%, 5/15/2016		250,000		260,149
Quest Diagnostics, Inc.:
4.70%, 4/1/2021		150,000		158,463
5.45%, 11/1/2015		250,000		266,491
UnitedHealth Group, Inc.:
1.40%, 10/15/2017		67,000		66,632
1.88%, 11/15/2016		250,000		256,041
3.38%, 11/15/2021		250,000		253,259
3.88%, 10/15/2020		250,000		263,440
4.70%, 2/15/2021 (b)		200,000		219,965
6.00%, 2/15/2018		250,000		286,945
WellPoint, Inc.:
3.13%, 5/15/2022		375,000		359,338
3.30%, 1/15/2023		250,000		240,629
4.35%, 8/15/2020		300,000		317,376
5.25%, 1/15/2016		200,000		215,365
5.88%, 6/15/2017		300,000		337,102
7.00%, 2/15/2019		45,000		53,453

				8,288,943

HOTELS, RESTAURANTS & LEISURE — 0.8%
Brinker International, Inc. 3.88%, 5/15/2023		100,000		92,700
Carnival Corp.:
1.88%, 12/15/2017		250,000		245,542
3.95%, 10/15/2020		300,000		304,091
Darden Restaurants, Inc. 6.20%, 10/15/2017		150,000		168,249
Hyatt Hotels Corp. 3.38%, 7/15/2023		60,000		56,775
International Game Technology 5.50%, 6/15/2020 (b)		100,000		108,777
Marriott International, Inc.:
3.38%, 10/15/2020		167,000		167,505
6.38%, 6/15/2017		150,000		168,135
McDonald’s Corp.:
2.63%, 1/15/2022		150,000		145,350
3.50%, 7/15/2020		55,000		57,615
3.63%, 5/20/2021		50,000		52,303
5.30%, 3/15/2017		40,000		44,772
5.35%, 3/1/2018		390,000		443,505
5.80%, 10/15/2017		150,000		171,924
Starbucks Corp.:
3.85%, 10/1/2023		250,000		255,971
6.25%, 8/15/2017		450,000		520,019
Starwood Hotels & Resorts Worldwide, Inc. 6.75%, 5/15/2018		250,000		289,101
Wyndham Worldwide Corp.:
2.50%, 3/1/2018		100,000		98,772
5.63%, 3/1/2021		250,000		272,824
Yum! Brands, Inc.:
3.75%, 11/1/2021		30,000		30,433
5.30%, 9/15/2019		150,000		165,707
6.25%, 3/15/2018		55,000		63,139

				3,923,209

HOUSEHOLD DURABLES — 0.3%
Leggett & Platt, Inc. 3.40%, 8/15/2022		100,000		97,676
Mohawk Industries, Inc.:
3.85%, 2/1/2023		150,000		146,962
6.13%, 1/15/2016		250,000		275,625
Newell Rubbermaid, Inc.:
4.70%, 8/15/2020		150,000		160,789
6.25%, 4/15/2018		150,000		171,896
NVR, Inc. 3.95%, 9/15/2022		250,000		245,145
Whirlpool Corp.:
4.85%, 6/15/2021		50,000		54,114
6.50%, 6/15/2016		250,000		274,889

				1,427,096

HOUSEHOLD PRODUCTS — 0.5%
Colgate-Palmolive Co.:
1.75%, 3/15/2019		300,000		296,014
2.30%, 5/3/2022		150,000		141,726
2.95%, 11/1/2020 (b)		250,000		250,845
Kimberly-Clark Corp.:
3.63%, 8/1/2020		85,000		88,976
7.50%, 11/1/2018		195,000		241,135
The Clorox Co. 3.80%, 11/15/2021		250,000		257,076
The Procter & Gamble Co.:
1.45%, 8/15/2016		250,000		254,286
1.80%, 11/15/2015		550,000		560,730
2.30%, 2/6/2022 (b)		250,000		238,258
Tupperware Brands Corp. 4.75%, 6/1/2021		100,000		104,337

				2,433,383

INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1%
TransAlta Corp. 6.65%, 5/15/2018		300,000		340,740

INDUSTRIAL CONGLOMERATES — 0.9%
3M Co.:
1.00%, 6/26/2017		220,000		218,397
2.00%, 6/26/2022		450,000		419,712
Cooper US, Inc.:
2.38%, 1/15/2016		100,000		102,002
3.88%, 12/15/2020		150,000		156,637
Crane Co. 2.75%, 12/15/2018		100,000		100,160

218

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

GE Capital Trust I 6.38%, 11/15/2067 (c)	$	600,000	$	660,000
General Electric Co.:
0.85%, 10/9/2015		100,000		100,467
2.70%, 10/9/2022		250,000		241,916
5.25%, 12/6/2017		1,010,000		1,143,934
Koninklijke Philips Electronics NV:
3.75%, 3/15/2022		200,000		205,188
5.75%, 3/11/2018		300,000		342,303
Pentair Finance SA 5.00%, 5/15/2021		150,000		161,029
Tyco Electronics Group SA:
2.38%, 12/17/2018		40,000		39,667
6.55%, 10/1/2017		210,000		241,144

				4,132,556

INSURANCE — 3.7%
ACE INA Holdings, Inc.:
2.60%, 11/23/2015		250,000		257,378
5.90%, 6/15/2019		155,000		180,872
AEGON Funding Co. LLC 5.75%, 12/15/2020		100,000		113,896
Aflac, Inc.:
2.65%, 2/15/2017		250,000		259,985
8.50%, 5/15/2019		145,000		185,669
Alleghany Corp. 4.95%, 6/27/2022		100,000		107,148
Allied World Assurance Co., Ltd. 7.50%, 8/1/2016		100,000		113,359
American International Group, Inc.:
3.80%, 3/22/2017		150,000		160,090
4.88%, 6/1/2022		250,000		273,381
5.45%, 5/18/2017		250,000		278,619
5.85%, 1/16/2018		725,000		827,464
6.40%, 12/15/2020		250,000		297,705
8.25%, 8/15/2018		1,100,000		1,372,642
AON Corp. 5.00%, 9/30/2020		225,000		249,103
Axis Specialty Finance LLC 5.88%, 6/1/2020		100,000		112,988
Berkshire Hathaway Finance Corp.:
0.95%, 8/15/2016		250,000		250,940
1.30%, 5/15/2018		100,000		98,166
4.25%, 1/15/2021 (b)		100,000		108,742
5.40%, 5/15/2018		320,000		365,387
Berkshire Hathaway, Inc.:
1.55%, 2/9/2018		150,000		149,090
1.90%, 1/31/2017		200,000		204,445
2.20%, 8/15/2016		250,000		258,269
3.00%, 2/11/2023		250,000		245,304
3.40%, 1/31/2022		150,000		153,362
Chubb Corp. 6.38%, 3/29/2067 (c)		195,000		215,962
CNA Financial Corp.:
5.88%, 8/15/2020		150,000		171,907
6.50%, 8/15/2016 (b)		150,000		168,386
Fidelity National Financial, Inc. 5.50%, 9/1/2022		100,000		106,037
First American Financial Corp. 4.30%, 2/1/2023		100,000		96,952
Genworth Financial, Inc.:
7.20%, 2/15/2021		150,000		178,829
7.63%, 9/24/2021		100,000		122,690
8.63%, 12/15/2016 (b)		150,000		177,393
Genworth Holdings, Inc. 4.90%, 8/15/2023		86,000		90,109
Hartford Financial Services Group, Inc.:
5.13%, 4/15/2022		150,000		166,890
5.50%, 3/30/2020 (b)		250,000		282,855
Infinity Property & Casualty Corp. 5.00%, 9/19/2022		100,000		102,952
ING US, Inc.:
2.90%, 2/15/2018		300,000		307,042
5.50%, 7/15/2022		100,000		111,794
Lincoln National Corp.:
7.00%, 5/17/2066 (a)(c)		600,000		612,000
8.75%, 7/1/2019		300,000		385,499
Loews Corp. 2.63%, 5/15/2023		100,000		91,554
Manulife Financial Corp. 3.40%, 9/17/2015		100,000		103,573
Markel Corp.:
3.63%, 3/30/2023		150,000		146,058
7.13%, 9/30/2019		150,000		180,612
Marsh & McLennan Cos., Inc.:
2.55%, 10/15/2018		75,000		75,908
4.80%, 7/15/2021		50,000		54,104
MetLife, Inc.:
3.05%, 12/15/2022		150,000		145,368
4.37%, 9/15/2023		200,000		212,605
4.75%, 2/8/2021		250,000		277,313
6.75%, 6/1/2016		515,000		578,427
6.82%, 8/15/2018		150,000		178,969
Montpelier Re Holdings, Ltd. 4.70%, 10/15/2022		100,000		100,520
OneBeacon US Holdings, Inc. 4.60%, 11/9/2022		100,000		99,467
PartnerRe, Ltd. 5.50%, 6/1/2020		100,000		111,512
Principal Financial Group, Inc. 8.88%, 5/15/2019		250,000		319,065
ProAssurance Corp. 5.30%, 11/15/2023		100,000		105,985
Prudential Financial, Inc.:
3.00%, 5/12/2016 (b)		250,000		260,486
4.50%, 11/16/2021		250,000		271,030
4.75%, 9/17/2015		320,000		338,411
5.63%, 6/15/2043 (a)(c)		500,000		510,000
5.88%, 9/15/2042 (c)		250,000		260,625
7.38%, 6/15/2019		250,000		307,304
Reinsurance Group of America, Inc. 6.45%, 11/15/2019		250,000		287,841
StanCorp Financial Group, Inc. 5.00%, 8/15/2022		100,000		104,335
The Allstate Corp. 5.75%, 8/15/2053 (c)		350,000		366,625
The Progressive Corp. 3.75%, 8/23/2021		150,000		156,645
The Travelers Cos., Inc.:
5.80%, 5/15/2018 (b)		105,000		120,204
6.25%, 6/20/2016		320,000		356,856
Torchmark Corp. 3.80%, 9/15/2022 (b)		75,000		73,535

219

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Transatlantic Holdings, Inc. 5.75%, 12/14/2015	$	100,000	$	107,839
Trinity Acquisition PLC 4.63%, 8/15/2023		150,000		152,848
Unum Group 7.13%, 9/30/2016		100,000		113,632
Willis North America, Inc. 6.20%, 3/28/2017		250,000		276,273
WR Berkley Corp. 4.63%, 3/15/2022		150,000		157,424
XLIT, Ltd. 2.30%, 12/15/2018		200,000		198,115

				17,122,369

INTERNET & CATALOG RETAIL — 0.0% (e)
Expedia, Inc. 5.95%, 8/15/2020		200,000		222,000

INTERNET SOFTWARE & SERVICES — 0.4%
Amazon.com, Inc.:
1.20%, 11/29/2017		250,000		247,070
2.50%, 11/29/2022		300,000		279,341
Baidu, Inc.:
2.25%, 11/28/2017		50,000		50,206
3.50%, 11/28/2022 (b)		150,000		142,173
eBay, Inc.:
0.70%, 7/15/2015		288,000		288,621
2.60%, 7/15/2022 (b)		150,000		142,276
3.25%, 10/15/2020		150,000		154,018
Google, Inc.:
3.38%, 2/25/2024		250,000		251,666
3.63%, 5/19/2021		150,000		158,892

				1,714,263

IT SERVICES — 0.4%
Broadridge Financial Solutions, Inc. 3.95%, 9/1/2020		100,000		100,771
Fiserv, Inc.:
3.50%, 10/1/2022		250,000		244,501
4.63%, 10/1/2020		150,000		160,338
6.80%, 11/20/2017		150,000		174,664
International Business Machines Corp. 5.70%, 9/14/2017		195,000		222,243
Xerox Corp.:
2.95%, 3/15/2017		340,000		353,595
4.50%, 5/15/2021		250,000		264,898
5.63%, 12/15/2019 (b)		350,000		395,619
6.35%, 5/15/2018 (b)		150,000		173,418

				2,090,047

LEISURE PRODUCTS — 0.0% (e)
Mattel, Inc. 3.15%, 3/15/2023		150,000		141,505

LIFE SCIENCES TOOLS & SERVICES — 0.4%
Life Technologies Corp. 5.00%, 1/15/2021		250,000		275,193
Thermo Fisher Scientific, Inc.:
2.25%, 8/15/2016		400,000		411,313
3.20%, 5/1/2015		250,000		256,645
3.20%, 3/1/2016		190,000		198,434
4.50%, 3/1/2021		500,000		537,613

				1,679,198

MACHINERY — 0.9%
Caterpillar, Inc.:
1.50%, 6/26/2017 (b)		450,000		451,982
2.60%, 6/26/2022		100,000		95,157
3.90%, 5/27/2021		250,000		263,968
7.90%, 12/15/2018		250,000		311,669
Cummins, Inc. 3.65%, 10/1/2023		150,000		152,419
Danaher Corp. 5.40%, 3/1/2019		250,000		285,667
Deere & Co. 2.60%, 6/8/2022		250,000		239,698
Dover Corp. 4.30%, 3/1/2021		250,000		269,112
Eaton Corp.:
2.75%, 11/2/2022		500,000		473,269
6.95%, 3/20/2019		150,000		178,208
Illinois Tool Works, Inc.:
3.38%, 9/15/2021		45,000		46,013
6.25%, 4/1/2019		250,000		291,085
Ingersoll-Rand Global Holding Co., Ltd.:
2.88%, 1/15/2019 (d)		200,000		202,340
4.25%, 6/15/2023 (d)		200,000		200,970
Joy Global, Inc. 5.13%, 10/15/2021 (b)		80,000		85,135
Kennametal, Inc. 2.65%, 11/1/2019		100,000		97,743
Stanley Black & Decker, Inc.:
2.90%, 11/1/2022		300,000		286,635
3.40%, 12/1/2021		100,000		100,618
Xylem, Inc. 4.88%, 10/1/2021		50,000		53,394

				4,085,082

MEDIA — 3.8%
21st Century Fox America, Inc.:
3.00%, 9/15/2022		250,000		240,467
4.50%, 2/15/2021		200,000		216,879
6.90%, 3/1/2019		260,000		314,043
CBS Corp.:
1.95%, 7/1/2017		100,000		101,166
3.38%, 3/1/2022		150,000		147,636
4.30%, 2/15/2021		100,000		105,144
5.75%, 4/15/2020		450,000		510,886
8.88%, 5/15/2019		145,000		186,251
CC Holdings GS V LLC 2.38%, 12/15/2017		100,000		100,532
Comcast Cable Communications Holdings, Inc. 9.46%, 11/15/2022		600,000		848,771
Comcast Corp.:
3.13%, 7/15/2022		300,000		296,741
5.15%, 3/1/2020 (b)		300,000		337,092
5.70%, 5/15/2018		315,000		362,737
5.85%, 11/15/2015		150,000		162,592
5.88%, 2/15/2018		200,000		230,242
5.90%, 3/15/2016		250,000		275,051
6.50%, 1/15/2017		250,000		285,856
Cox Communications, Inc. 5.50%, 10/1/2015		200,000		212,717

220

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.:
1.75%, 1/15/2018 (b)	$	200,000	$	196,937
3.13%, 2/15/2016		250,000		259,876
3.50%, 3/1/2016		250,000		261,641
Series WI 3.80%, 3/15/2022		250,000		244,861
5.00%, 3/1/2021		150,000		160,145
5.20%, 3/15/2020 (b)		350,000		384,434
5.88%, 10/1/2019 (b)		250,000		286,016
Discovery Communications LLC:
3.30%, 5/15/2022		150,000		146,589
3.70%, 6/1/2015		250,000		258,306
4.38%, 6/15/2021		100,000		106,014
5.05%, 6/1/2020 (b)		200,000		221,813
5.63%, 8/15/2019		100,000		114,033
Graham Holdings Co. 7.25%, 2/1/2019		100,000		117,054
Grupo Televisa SAB 6.00%, 5/15/2018 (b)		300,000		336,225
NBCUniversal Media LLC:
3.65%, 4/30/2015		500,000		516,774
4.38%, 4/1/2021		300,000		326,359
5.15%, 4/30/2020		210,000		236,623
Omnicom Group, Inc.:
3.63%, 5/1/2022		300,000		297,290
4.45%, 8/15/2020		250,000		268,877
Reed Elsevier Capital, Inc.:
3.13%, 10/15/2022		100,000		95,855
8.63%, 1/15/2019		150,000		189,332
The Interpublic Group of Cos., Inc. 2.25%, 11/15/2017 (b)		100,000		100,937
The Walt Disney Co.:
1.13%, 2/15/2017		300,000		300,547
2.35%, 12/1/2022		250,000		232,663
3.75%, 6/1/2021		200,000		210,721
5.50%, 3/15/2019		300,000		345,126
Thomson Reuters Corp.:
1.30%, 2/23/2017		150,000		149,236
6.50%, 7/15/2018		405,000		472,039
Time Warner Cable, Inc.:
4.00%, 9/1/2021 (b)		250,000		259,065
5.00%, 2/1/2020		500,000		551,357
5.85%, 5/1/2017		825,000		929,260
8.25%, 4/1/2019		200,000		249,861
8.75%, 2/14/2019		500,000		631,575
Time Warner, Inc.:
4.70%, 1/15/2021		500,000		544,613
4.88%, 3/15/2020		350,000		386,688
5.88%, 11/15/2016		740,000		829,239
Viacom, Inc.:
2.50%, 9/1/2018		100,000		101,496
3.13%, 6/15/2022		250,000		242,394
3.25%, 3/15/2023		100,000		95,671
3.50%, 4/1/2017		100,000		106,117
3.88%, 12/15/2021		250,000		257,548
6.25%, 4/30/2016		400,000		444,362
WPP Finance 2010:
3.63%, 9/7/2022		150,000		147,424
4.75%, 11/21/2021		125,000		133,186

				17,680,982

METALS & MINING — 2.6%
Alcoa, Inc.:
5.40%, 4/15/2021 (b)		500,000		525,337
6.15%, 8/15/2020		200,000		218,640
6.75%, 7/15/2018		205,000		233,647
Allegheny Technologies, Inc. 5.88%, 8/15/2023		100,000		104,297
Barrick Gold Corp.:
3.85%, 4/1/2022		250,000		237,966
6.95%, 4/1/2019		650,000		763,016
Barrick North America Finance LLC 4.40%, 5/30/2021		50,000		50,317
BHP Billiton Finance USA, Ltd.:
1.63%, 2/24/2017		250,000		252,800
1.88%, 11/21/2016		500,000		511,866
2.05%, 9/30/2018 (b)		250,000		250,717
2.88%, 2/24/2022		200,000		195,693
3.25%, 11/21/2021		250,000		252,777
5.25%, 12/15/2015		575,000		619,458
Carpenter Technology Corp. 4.45%, 3/1/2023		40,000		40,071
Cliffs Natural Resources, Inc.:
3.95%, 1/15/2018 (b)		250,000		252,331
4.88%, 4/1/2021 (b)		100,000		97,968
Freeport-McMoRan Copper & Gold, Inc.:
2.38%, 3/15/2018		550,000		549,832
3.10%, 3/15/2020		250,000		244,888
3.55%, 3/1/2022		800,000		764,989
3.88%, 3/15/2023		250,000		240,093
Glencore Canada Corp. 6.00%, 10/15/2015		150,000		160,511
Kinross Gold Corp. 5.95%, 3/15/2024 (d)		83,000		82,225
Newmont Mining Corp. 3.50%, 3/15/2022 (b)		250,000		226,775
Nucor Corp.:
4.00%, 8/1/2023		150,000		150,513
5.75%, 12/1/2017		250,000		285,069
Rio Tinto Finance USA PLC:
1.38%, 6/17/2016		250,000		252,198
2.00%, 3/22/2017		150,000		152,713
2.25%, 12/14/2018		300,000		299,956
2.88%, 8/21/2022 (b)		150,000		142,546
Rio Tinto Finance USA, Ltd.:
2.25%, 9/20/2016		150,000		154,221
2.50%, 5/20/2016		150,000		154,930
3.50%, 11/2/2020		400,000		410,347
3.75%, 9/20/2021		150,000		154,382
4.13%, 5/20/2021		150,000		158,341
6.50%, 7/15/2018		475,000		558,288
9.00%, 5/1/2019		300,000		389,980
Southern Copper Corp. 3.50%, 11/8/2022		89,000		84,358
Teck Resources, Ltd.:
3.75%, 2/1/2023		250,000		234,613
4.50%, 1/15/2021 (b)		600,000		614,492
Vale Overseas, Ltd.:
4.38%, 1/11/2022		100,000		99,471
5.63%, 9/15/2019		360,000		397,070
6.25%, 1/11/2016		150,000		162,842

221

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

6.25%, 1/23/2017	$	500,000	$	558,077

				12,290,621

MULTI-UTILITIES — 0.9%
Dominion Resources, Inc.:
4.45%, 3/15/2021		250,000		269,260
5.60%, 11/15/2016		300,000		331,999
6.40%, 6/15/2018		250,000		291,257
8.88%, 1/15/2019		250,000		317,441
MidAmerican Energy Co. 2.40%, 3/15/2019		150,000		150,607
MidAmerican Energy Holdings Co.:
3.75%, 11/15/2023 (b)(d)		600,000		597,327
5.75%, 4/1/2018		490,000		557,205
NSTAR 4.50%, 11/15/2019		150,000		162,016
Sempra Energy:
6.15%, 6/15/2018		300,000		346,386
6.50%, 6/1/2016		395,000		440,902
Xcel Energy, Inc. 4.70%, 5/15/2020		650,000		716,909

				4,181,309

MULTILINE RETAIL — 0.4%
Kohl’s Corp.:
4.00%, 11/1/2021 (b)		150,000		153,108
4.75%, 12/15/2023		200,000		206,531
Macy’s Retail Holdings, Inc.:
2.88%, 2/15/2023		285,000		265,801
3.88%, 1/15/2022		240,000		244,874
4.38%, 9/1/2023 (b)		90,000		93,513
7.88%, 7/15/2015		250,000		272,182
Nordstrom, Inc. 6.25%, 1/15/2018		300,000		343,301
Target Corp.:
2.90%, 1/15/2022 (b)		100,000		97,975
5.38%, 5/1/2017		250,000		280,203

				1,957,488

OIL, GAS & CONSUMABLE FUELS — 9.0%
Anadarko Petroleum Corp.:
5.95%, 9/15/2016		300,000		333,838
6.38%, 9/15/2017		300,000		343,281
6.95%, 6/15/2019		155,000		184,188
8.70%, 3/15/2019		150,000		190,419
Apache Corp.:
2.63%, 1/15/2023		300,000		284,095
3.25%, 4/15/2022		145,000		145,745
6.90%, 9/15/2018		300,000		360,473
Baker Hughes, Inc. 7.50%, 11/15/2018		185,000		227,926
Boardwalk Pipelines LP 5.75%, 9/15/2019		150,000		163,032
BP Capital Markets PLC:
1.38%, 5/10/2018		300,000		293,536
1.85%, 5/5/2017		250,000		253,514
2.24%, 5/10/2019		200,000		199,081
2.24%, 9/26/2018		250,000		251,897
2.25%, 11/1/2016		250,000		257,989
2.50%, 11/6/2022 (b)		100,000		93,016
2.75%, 5/10/2023		250,000		234,634
3.56%, 11/1/2021		330,000		339,185
3.81%, 2/10/2024		200,000		201,940
4.74%, 3/11/2021		255,000		282,735
4.75%, 3/10/2019		175,000		194,374
Buckeye Partners LP:
2.65%, 11/15/2018		150,000		149,267
4.88%, 2/1/2021 (b)		250,000		263,637
Canadian Natural Resources, Ltd.:
3.45%, 11/15/2021		250,000		252,350
5.70%, 5/15/2017		205,000		230,626
Cenovus Energy, Inc.:
3.00%, 8/15/2022		250,000		239,142
5.70%, 10/15/2019		300,000		343,304
CenterPoint Energy Resources Corp.:
4.50%, 1/15/2021		65,000		70,048
6.15%, 5/1/2016		250,000		273,484
Chevron Corp.:
1.10%, 12/5/2017		250,000		247,087
1.72%, 6/24/2018		350,000		349,641
2.36%, 12/5/2022		500,000		467,280
3.19%, 6/24/2023		350,000		347,104
4.95%, 3/3/2019		205,000		231,640
ConocoPhillips:
5.75%, 2/1/2019		360,000		419,848
6.00%, 1/15/2020		450,000		530,046
ConocoPhillips Canada Funding Co. 5.63%, 10/15/2016		250,000		280,123
Continental Resources, Inc. 5.00%, 9/15/2022		300,000		315,375
DCP Midstream Operating LP:
2.50%, 12/1/2017		250,000		254,472
3.88%, 3/15/2023		300,000		293,321
Devon Energy Corp.:
2.40%, 7/15/2016		500,000		514,791
6.30%, 1/15/2019		300,000		348,006
Diamond Offshore Drilling, Inc. 5.88%, 5/1/2019		145,000		167,226
El Paso Natural Gas Co. 5.95%, 4/15/2017		150,000		167,476
Enbridge Energy Partners LP:
5.20%, 3/15/2020		250,000		273,607
9.88%, 3/1/2019		250,000		323,856
Enbridge, Inc. 5.60%, 4/1/2017		250,000		278,553
EnCana Corp. 6.50%, 5/15/2019		310,000		364,157
Energy Transfer Partners LP:
3.60%, 2/1/2023		500,000		480,701
4.15%, 10/1/2020		150,000		154,529
5.20%, 2/1/2022		250,000		270,044
6.70%, 7/1/2018		250,000		289,199
Ensco PLC:
3.25%, 3/15/2016		400,000		417,132
4.70%, 3/15/2021		425,000		456,366
Enterprise Products Operating LLC:
1.25%, 8/13/2015		399,000		401,533
3.20%, 2/1/2016		100,000		104,228
3.35%, 3/15/2023		250,000		243,839
4.05%, 2/15/2022		300,000		313,037
5.20%, 9/1/2020		150,000		168,263
5.25%, 1/31/2020		100,000		111,310
6.30%, 9/15/2017		410,000		471,536

222

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

EOG Resources, Inc.:
2.63%, 3/15/2023 (b)	$	600,000	$	566,342
2.95%, 6/1/2015		350,000		359,621
4.40%, 6/1/2020		250,000		273,793
EQT Corp. 8.13%, 6/1/2019		150,000		180,842
Exxon Mobil Corp.:
0.92%, 3/15/2017		450,000		448,964
3.18%, 3/15/2024		200,000		200,011
Hess Corp. 8.13%, 2/15/2019		350,000		434,082
Husky Energy, Inc.:
3.95%, 4/15/2022		150,000		155,033
7.25%, 12/15/2019		250,000		305,865
Kinder Morgan Energy Partners LP:
2.65%, 2/1/2019		150,000		150,112
3.45%, 2/15/2023		200,000		190,187
3.50%, 9/1/2023		425,000		401,879
3.95%, 9/1/2022		150,000		149,727
4.15%, 3/1/2022		150,000		152,475
5.30%, 9/15/2020		200,000		219,390
5.95%, 2/15/2018		450,000		511,704
6.00%, 2/1/2017		305,000		341,298
Magellan Midstream Partners LP 6.55%, 7/15/2019		150,000		177,199
Marathon Oil Corp.:
0.90%, 11/1/2015		150,000		150,354
2.80%, 11/1/2022		250,000		235,601
6.00%, 10/1/2017		300,000		343,320
Marathon Petroleum Corp. 5.13%, 3/1/2021		300,000		334,678
Murphy Oil Corp.:
2.50%, 12/1/2017		200,000		202,946
3.70%, 12/1/2022		150,000		145,598
Noble Energy, Inc.:
4.15%, 12/15/2021		250,000		262,839
8.25%, 3/1/2019		150,000		186,419
Noble Holding International, Ltd.:
3.95%, 3/15/2022 (b)		250,000		247,886
4.90%, 8/1/2020		200,000		213,512
Occidental Petroleum Corp.:
1.75%, 2/15/2017		250,000		253,300
2.50%, 2/1/2016		300,000		310,099
2.70%, 2/15/2023 (b)		250,000		236,775
4.10%, 2/1/2021		250,000		269,508
ONEOK Partners LP:
3.20%, 9/15/2018		75,000		77,404
3.25%, 2/1/2016		50,000		51,956
3.38%, 10/1/2022		250,000		241,016
6.15%, 10/1/2016		150,000		167,879
8.63%, 3/1/2019		150,000		188,040
Panhandle Eastern Pipeline Co. LP 6.20%, 11/1/2017		150,000		169,565
Phillips 66:
2.95%, 5/1/2017		350,000		365,554
4.30%, 4/1/2022		600,000		634,302
Pioneer Natural Resources Co.:
3.95%, 7/15/2022		250,000		255,615
7.50%, 1/15/2020		250,000		305,890
Plains All American Pipeline LP/PAA Finance Corp.:
2.85%, 1/31/2023		100,000		93,318
3.85%, 10/15/2023		100,000		99,877
3.95%, 9/15/2015		10,000		10,450
5.00%, 2/1/2021		250,000		276,439
5.75%, 1/15/2020		250,000		287,520
8.75%, 5/1/2019		200,000		256,416
Plains Exploration & Production Co. 6.13%, 6/15/2019		300,000		330,375
Rowan Cos., Inc. 7.88%, 8/1/2019		150,000		182,210
Shell International Finance BV:
1.13%, 8/21/2017		300,000		298,262
1.90%, 8/10/2018		250,000		250,279
2.00%, 11/15/2018		450,000		450,728
2.25%, 1/6/2023		150,000		138,688
2.38%, 8/21/2022		300,000		282,647
3.10%, 6/28/2015		150,000		154,760
3.40%, 8/12/2023		250,000		250,087
4.30%, 9/22/2019		350,000		385,948
5.20%, 3/22/2017		300,000		334,964
Southern Natural Gas Co.:
4.40%, 6/15/2021		250,000		261,044
5.90%, 4/1/2017 (d)		250,000		276,097
Southwestern Energy Co. 4.10%, 3/15/2022		250,000		256,567
Spectra Energy Capital LLC 8.00%, 10/1/2019		250,000		302,185
Spectra Energy Partners LP 2.95%, 9/25/2018		150,000		153,471
Suncor Energy, Inc. 6.10%, 6/1/2018		150,000		173,274
Sunoco Logistics Partners Operations LP 3.45%, 1/15/2023		150,000		142,909
Talisman Energy, Inc.:
3.75%, 2/1/2021 (b)		200,000		198,382
7.75%, 6/1/2019		150,000		181,357
Texas Gas Transmission LLC 4.60%, 6/1/2015		250,000		259,423
The Williams Cos., Inc. 3.70%, 1/15/2023		550,000		498,692
Total Capital International SA:
1.00%, 8/12/2016		250,000		251,040
1.50%, 2/17/2017		300,000		303,558
1.55%, 6/28/2017 (b)		300,000		302,369
2.70%, 1/25/2023		200,000		189,329
2.88%, 2/17/2022		150,000		146,469
Total Capital SA:
2.13%, 8/10/2018		200,000		202,098
2.30%, 3/15/2016		250,000		257,894
3.00%, 6/24/2015		250,000		257,557
3.13%, 10/2/2015 (b)		300,000		311,169
4.13%, 1/28/2021		250,000		269,711
4.45%, 6/24/2020		300,000		328,775
TransCanada PipeLines, Ltd.:
0.75%, 1/15/2016		185,000		185,059
2.50%, 8/1/2022		250,000		233,867
3.80%, 10/1/2020		95,000		99,384
6.50%, 8/15/2018		300,000		354,680
7.13%, 1/15/2019		150,000		182,156

223

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Transocean, Inc.:
2.50%, 10/15/2017	$	250,000	$	251,687
3.80%, 10/15/2022 (b)		250,000		238,809
4.95%, 11/15/2015		150,000		159,134
6.38%, 12/15/2021		550,000		618,182
Valero Energy Corp.:
6.13%, 6/15/2017		250,000		284,529
6.13%, 2/1/2020		145,000		169,643
Weatherford International, Ltd.:
4.50%, 4/15/2022		250,000		260,591
9.63%, 3/1/2019		500,000		645,239
Western Gas Partners LP 4.00%, 7/1/2022		67,000		66,786
Williams Partners LP:
4.00%, 11/15/2021		150,000		152,635
4.13%, 11/15/2020 (b)		150,000		155,635
5.25%, 3/15/2020		450,000		495,732
Williams Partners LP/Williams Partners Finance Corp. 7.25%, 2/1/2017		50,000		57,597
XTO Energy, Inc.:
5.50%, 6/15/2018		100,000		114,512
6.50%, 12/15/2018		250,000		300,735

				42,413,592

PAPER & FOREST PRODUCTS — 0.3%
Celulosa Arauco y Constitucion SA 5.63%, 4/20/2015		250,000		259,630
International Paper Co.:
4.75%, 2/15/2022 (b)		110,000		118,860
7.50%, 8/15/2021		500,000		627,635
7.95%, 6/15/2018		250,000		305,030
9.38%, 5/15/2019		130,000		169,698

				1,480,853

PERSONAL PRODUCTS — 0.1%
Avon Products, Inc.:
4.20%, 7/15/2018		200,000		205,418
4.60%, 3/15/2020		71,000		72,245
The Procter & Gamble Co. 4.70%, 2/15/2019		250,000		281,145

				558,808

PHARMACEUTICALS — 3.6%
Abbott Laboratories 4.13%, 5/27/2020		350,000		376,393
AbbVie, Inc.:
1.20%, 11/6/2015		500,000		504,125
1.75%, 11/6/2017		900,000		902,805
2.00%, 11/6/2018		200,000		198,319
2.90%, 11/6/2022		400,000		384,459
Actavis, Inc. 3.25%, 10/1/2022 (b)		300,000		287,998
Allergan, Inc. 5.75%, 4/1/2016		200,000		219,857
AstraZeneca PLC 5.90%, 9/15/2017		250,000		287,086
Bristol-Myers Squibb Co. 2.00%, 8/1/2022		100,000		90,763
Eli Lilly & Co. 5.20%, 3/15/2017 (b)		200,000		222,357
GlaxoSmithKline Capital PLC:
1.50%, 5/8/2017		50,000		50,303
2.85%, 5/8/2022		50,000		48,845
GlaxoSmithKline Capital, Inc.:
0.70%, 3/18/2016		850,000		849,472
2.80%, 3/18/2023 (b)		750,000		717,983
5.65%, 5/15/2018		310,000		355,703
Johnson & Johnson:
3.38%, 12/5/2023 (b)		600,000		613,925
5.15%, 7/15/2018		258,000		294,281
5.55%, 8/15/2017		100,000		112,879
McKesson Corp.:
0.95%, 12/4/2015		250,000		250,042
1.40%, 3/15/2018		250,000		242,991
3.25%, 3/1/2016		250,000		260,070
4.75%, 3/1/2021		150,000		164,094
7.50%, 2/15/2019		135,000		163,478
Mead Johnson Nutrition Co. 4.90%, 11/1/2019		150,000		162,996
Medco Health Solutions, Inc. 7.13%, 3/15/2018		265,000		312,933
Merck & Co., Inc.:
1.10%, 1/31/2018		600,000		587,511
1.30%, 5/18/2018		167,000		163,866
2.40%, 9/15/2022		300,000		280,740
5.00%, 6/30/2019		510,000		578,410
Merck Sharp & Dohme Corp. 4.00%, 6/30/2015		250,000		260,698
Mylan, Inc.:
1.80%, 6/24/2016		300,000		304,415
2.60%, 6/24/2018		200,000		201,733
Novartis Capital Corp. 2.40%, 9/21/2022		250,000		235,700
Novartis Securities Investment, Ltd. 5.13%, 2/10/2019		750,000		851,167
Perrigo Co. PLC:
1.30%, 11/8/2016 (d)		200,000		200,205
4.00%, 11/15/2023 (d)		250,000		248,504
Pfizer, Inc.:
1.50%, 6/15/2018		750,000		740,530
3.00%, 6/15/2023 (b)		250,000		242,622
6.20%, 3/15/2019		610,000		722,918
Sanofi:
1.25%, 4/10/2018		341,000		333,580
2.63%, 3/29/2016		300,000		311,650
4.00%, 3/29/2021		250,000		266,883
Schering-Plough Corp. 6.00%, 9/15/2017		250,000		287,014
Teva Pharmaceutical Finance Co. BV:
2.40%, 11/10/2016		250,000		257,928
2.95%, 12/18/2022 (b)		250,000		232,319
3.65%, 11/10/2021 (b)		300,000		298,507
Teva Pharmaceutical Finance II BV/Teva Pharmaceutical Finance III LLC 3.00%, 6/15/2015		300,000		308,150
Watson Pharmaceuticals, Inc. 1.88%, 10/1/2017		300,000		298,937
Wyeth 5.45%, 4/1/2017		50,000		55,835

224

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Zoetis, Inc.:
1.15%, 2/1/2016	$	30,000	$	30,185
1.88%, 2/1/2018		150,000		149,513
3.25%, 2/1/2023		213,000		205,432

				16,729,109

PROFESSIONAL SERVICES — 0.1%
The Dun & Bradstreet Corp. 3.25%, 12/1/2017		450,000		464,456

REAL ESTATE INVESTMENT TRUSTS — 3.7%
Alexandria Real Estate Equities, Inc. 3.90%, 6/15/2023		250,000		243,839
American Tower Corp.:
3.40%, 2/15/2019		120,000		123,184
3.50%, 1/31/2023		300,000		283,665
4.50%, 1/15/2018		100,000		108,076
4.63%, 4/1/2015		250,000		259,169
5.00%, 2/15/2024		450,000		471,215
5.05%, 9/1/2020		100,000		107,983
5.90%, 11/1/2021		450,000		505,896
ARC Properties Operating Partnership LP/Clark Acquisition LLC:
2.00%, 2/6/2017 (d)		250,000		249,652
3.00%, 2/6/2019 (d)		150,000		149,373
4.60%, 2/6/2024 (d)		250,000		249,491
AvalonBay Communities, Inc.:
3.63%, 10/1/2020		250,000		257,035
5.75%, 9/15/2016		100,000		109,954
BioMed Realty LP 4.25%, 7/15/2022		250,000		247,999
Boston Properties LP:
3.70%, 11/15/2018		100,000		105,461
3.85%, 2/1/2023		500,000		497,931
5.63%, 4/15/2015		250,000		262,502
5.63%, 11/15/2020		150,000		169,702
Brandywine Operating Partnership LP 4.95%, 4/15/2018		200,000		215,573
Camden Property Trust 4.63%, 6/15/2021		50,000		53,535
CBL & Associates LP 5.25%, 12/1/2023		150,000		155,333
CommonWealth REIT 6.25%, 6/15/2017		100,000		107,383
Corporate Office Properties LP 3.60%, 5/15/2023		100,000		91,735
CubeSmart LP 4.38%, 12/15/2023		100,000		101,097
DDR Corp.:
3.38%, 5/15/2023		250,000		234,762
3.50%, 1/15/2021		100,000		98,869
Digital Realty Trust LP:
3.63%, 10/1/2022 (b)		250,000		230,431
5.25%, 3/15/2021 (b)		350,000		366,259
EPR Properties 5.75%, 8/15/2022		100,000		105,456
ERP Operating LP:
4.63%, 12/15/2021		550,000		594,331
5.75%, 6/15/2017		110,000		123,949
6.58%, 4/13/2015		250,000		264,764
Federal Realty Investment Trust 3.00%, 8/1/2022		100,000		95,257
HCP, Inc.:
3.15%, 8/1/2022		100,000		95,562
3.75%, 2/1/2016		55,000		57,494
4.25%, 11/15/2023		150,000		152,901
5.38%, 2/1/2021		250,000		278,655
6.30%, 9/15/2016		150,000		168,107
6.70%, 1/30/2018		250,000		289,674
Health Care REIT, Inc.:
2.25%, 3/15/2018		250,000		249,407
4.13%, 4/1/2019		150,000		159,192
4.95%, 1/15/2021		350,000		379,856
6.13%, 4/15/2020		150,000		171,501
6.20%, 6/1/2016		100,000		109,801
Healthcare Realty Trust, Inc. 6.50%, 1/17/2017		150,000		165,832
Hospitality Properties Trust 6.30%, 6/15/2016		200,000		212,860
Host Hotels & Resorts LP 4.75%, 3/1/2023		400,000		416,653
Jones Lang LaSalle, Inc. 4.40%, 11/15/2022		100,000		99,603
Kilroy Realty LP 4.80%, 7/15/2018		250,000		268,672
Kimco Realty Corp.:
5.70%, 5/1/2017		250,000		276,254
6.88%, 10/1/2019		100,000		118,162
Liberty Property LP 5.50%, 12/15/2016		250,000		271,067
Mack-Cali Realty LP:
2.50%, 12/15/2017		150,000		148,892
3.15%, 5/15/2023		100,000		89,118
Mid-America Apartments LP 4.30%, 10/15/2023		50,000		50,134
National Retail Properties, Inc. 3.80%, 10/15/2022		100,000		97,959
Omega Healthcare Investors, Inc. 6.75%, 10/15/2022		150,000		162,375
Piedmont Operating Partnership LP 4.45%, 3/15/2024 (b)		150,000		149,931
ProLogis LP:
3.35%, 2/1/2021		250,000		246,110
4.25%, 8/15/2023		300,000		304,271
Realty Income Corp.:
5.95%, 9/15/2016		250,000		274,622
6.75%, 8/15/2019		350,000		411,563
Regency Centers LP 5.88%, 6/15/2017		150,000		166,620
Simon Property Group LP:
2.15%, 9/15/2017		400,000		406,011
2.75%, 2/1/2023		150,000		141,125
3.38%, 3/15/2022		150,000		151,353
4.38%, 3/1/2021		150,000		162,742
5.10%, 6/15/2015		200,000		210,464
5.65%, 2/1/2020 (b)		250,000		290,382
5.88%, 3/1/2017 (b)		200,000		222,448
10.35%, 4/1/2019		300,000		410,332
UDR, Inc.:
4.25%, 6/1/2018		200,000		213,166
4.63%, 1/10/2022		50,000		52,562
Ventas Realty LP/Ventas Capital Corp.:
1.55%, 9/26/2016		146,000		146,927

225

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

2.00%, 2/15/2018	$	250,000	$	249,414
2.70%, 4/1/2020		300,000		290,864
4.25%, 3/1/2022 (b)		150,000		154,726
4.75%, 6/1/2021		100,000		107,299
Vornado Realty LP 5.00%, 1/15/2022 (b)		150,000		158,655
Washington Real Estate Investment Trust 3.95%, 10/15/2022		100,000		97,692
Weingarten Realty Investors 3.38%, 10/15/2022		250,000		237,482
Weyerhaeuser Co. 4.63%, 9/15/2023		250,000		261,489

				17,248,842

ROAD & RAIL — 1.0%
Burlington Northern Santa Fe LLC:
3.00%, 3/15/2023		300,000		285,761
3.05%, 3/15/2022		200,000		194,266
3.45%, 9/15/2021		200,000		202,872
5.75%, 3/15/2018		400,000		457,869
Canadian National Railway Co.:
2.25%, 11/15/2022		100,000		92,208
5.55%, 3/1/2019		250,000		287,400
Canadian Pacific Railway, Ltd. 4.50%, 1/15/2022		150,000		158,723
CSX Corp.:
3.70%, 11/1/2023 (b)		94,000		93,358
6.25%, 4/1/2015		250,000		263,849
6.25%, 3/15/2018		300,000		347,846
7.38%, 2/1/2019		205,000		250,401
JB Hunt Transport Services, Inc. 2.40%, 3/15/2019		50,000		49,645
Kansas City Southern de Mexico SA de CV 2.35%, 5/15/2020		150,000		140,943
Norfolk Southern Corp.:
3.00%, 4/1/2022		100,000		97,731
3.25%, 12/1/2021		250,000		251,554
5.75%, 1/15/2016		150,000		162,908
5.90%, 6/15/2019		250,000		288,163
Ryder System, Inc.:
2.35%, 2/26/2019		150,000		147,176
2.45%, 11/15/2018		150,000		148,617
Union Pacific Corp.:
2.95%, 1/15/2023		400,000		384,192
3.65%, 2/15/2024		231,000		231,572
4.16%, 7/15/2022		100,000		105,724
Wabtec Corp. 4.38%, 8/15/2023		100,000		102,704

				4,745,482

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.7%
Altera Corp. 1.75%, 5/15/2017		175,000		175,528
Analog Devices, Inc. 2.88%, 6/1/2023		300,000		281,450
Applied Materials, Inc. 4.30%, 6/15/2021		100,000		107,858
Broadcom Corp.:
2.50%, 8/15/2022		150,000		137,697
2.70%, 11/1/2018		150,000		152,509
Intel Corp.:
1.35%, 12/15/2017		350,000		348,109
1.95%, 10/1/2016		400,000		411,668
2.70%, 12/15/2022 (b)		250,000		238,810
3.30%, 10/1/2021		327,000		332,987
KLA-Tencor Corp. 6.90%, 5/1/2018		100,000		117,133
Maxim Integrated Products, Inc. 2.50%, 11/15/2018		150,000		148,619
National Semiconductor Corp. 3.95%, 4/15/2015		150,000		155,496
Texas Instruments, Inc.:
0.45%, 8/3/2015		100,000		99,811
1.65%, 8/3/2019 (b)		350,000		338,920
2.25%, 5/1/2023		450,000		412,327

				3,458,922

SOFTWARE — 1.1%
CA, Inc. 2.88%, 8/15/2018		150,000		152,732
Intuit, Inc. 5.75%, 3/15/2017		150,000		169,125
Microsoft Corp.:
1.00%, 5/1/2018 (b)		250,000		244,452
2.13%, 11/15/2022		300,000		275,108
2.38%, 5/1/2023		250,000		232,436
2.50%, 2/8/2016		250,000		259,352
3.63%, 12/15/2023 (b)		500,000		513,293
4.20%, 6/1/2019		335,000		369,388
Oracle Corp.:
1.20%, 10/15/2017		250,000		248,106
2.38%, 1/15/2019		350,000		354,470
2.50%, 10/15/2022		450,000		420,987
3.63%, 7/15/2023		250,000		252,940
5.00%, 7/8/2019		750,000		849,410
5.75%, 4/15/2018		250,000		287,953
Symantec Corp.:
2.75%, 9/15/2015		125,000		128,447
4.20%, 9/15/2020		350,000		362,751

				5,120,950

SPECIALTY RETAIL — 0.7%
Advance Auto Parts, Inc. 4.50%, 1/15/2022		50,000		51,859
Dollar General Corp. 3.25%, 4/15/2023		250,000		233,626
Lowe’s Cos., Inc.:
2.13%, 4/15/2016		250,000		257,353
3.12%, 4/15/2022		250,000		249,024
3.88%, 9/15/2023		150,000		154,931
4.63%, 4/15/2020		125,000		138,229
O’Reilly Automotive, Inc. 4.63%, 9/15/2021		100,000		106,032
QVC, Inc. 4.38%, 3/15/2023		150,000		147,054
The Gap, Inc. 5.95%, 4/12/2021		250,000		280,996
The Home Depot, Inc.:
2.25%, 9/10/2018 (b)		143,000		145,126
2.70%, 4/1/2023		450,000		427,256
3.95%, 9/15/2020 (b)		250,000		269,038

226

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

4.40%, 4/1/2021	$	300,000	$	329,631
5.40%, 3/1/2016		425,000		463,733
TJX Cos., Inc.:
2.50%, 5/15/2023		100,000		92,801
4.20%, 8/15/2015		150,000		156,983

				3,503,672

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 2.2%
Apple, Inc.:
0.45%, 5/3/2016		250,000		249,483
1.00%, 5/3/2018		350,000		340,320
2.40%, 5/3/2023 (b)		1,200,000		1,117,992
Computer Sciences Corp.:
4.45%, 9/15/2022		100,000		101,227
6.50%, 3/15/2018		150,000		172,688
EMC Corp.:
1.88%, 6/1/2018		400,000		398,118
3.38%, 6/1/2023 (b)		150,000		148,590
Fidelity National Information Services, Inc.:
2.00%, 4/15/2018		86,000		84,218
3.50%, 4/15/2023		306,000		291,014
5.00%, 3/15/2022		400,000		410,437
Hewlett-Packard Co.:
2.13%, 9/13/2015		250,000		255,168
2.60%, 9/15/2017		200,000		205,810
2.65%, 6/1/2016 (b)		250,000		258,492
2.75%, 1/14/2019		300,000		302,505
3.00%, 9/15/2016		250,000		261,105
3.30%, 12/9/2016		150,000		158,065
3.75%, 12/1/2020		500,000		507,566
4.05%, 9/15/2022		250,000		253,841
4.38%, 9/15/2021 (b)		350,000		361,684
4.65%, 12/9/2021		150,000		158,678
International Business Machines Corp.:
0.45%, 5/6/2016		300,000		298,878
1.63%, 5/15/2020		100,000		94,443
1.88%, 8/1/2022		350,000		315,700
1.95%, 7/22/2016		350,000		360,002
2.00%, 1/5/2016		250,000		255,901
2.90%, 11/1/2021		500,000		494,104
3.38%, 8/1/2023		200,000		198,406
3.63%, 2/12/2024		250,000		252,262
7.63%, 10/15/2018		250,000		309,583
8.38%, 11/1/2019		600,000		783,596
Lexmark International, Inc. 5.13%, 3/15/2020		100,000		104,919
Seagate HDD Cayman:
3.75%, 11/15/2018 (d)		500,000		515,000
4.75%, 6/1/2023 (d)		200,000		196,000

				10,215,795

TEXTILES, APPAREL & LUXURY GOODS — 0.0% (e)
NIKE, Inc. 2.25%, 5/1/2023		100,000		92,372
Ralph Lauren Corp. 2.13%, 9/26/2018		50,000		49,686

				142,058

THRIFTS & MORTGAGE FINANCE — 0.2%
Murray Street Investment Trust I 4.65%, 3/9/2017		500,000		540,119
People’s United Financial, Inc. 3.65%, 12/6/2022		150,000		146,873
Santander Holdings USA, Inc. 4.63%, 4/19/2016		250,000		266,028

				953,020

TOBACCO — 1.1%
Altria Group, Inc.:
2.85%, 8/9/2022		300,000		281,698
4.00%, 1/31/2024		450,000		451,913
4.13%, 9/11/2015		400,000		419,168
4.75%, 5/5/2021		400,000		436,004
9.70%, 11/10/2018		299,000		393,170
Lorillard Tobacco Co.:
2.30%, 8/21/2017 (b)		320,000		326,504
3.50%, 8/4/2016 (b)		45,000		47,402
6.88%, 5/1/2020		150,000		175,431
8.13%, 6/23/2019 (b)		250,000		309,322
Philip Morris International, Inc.:
1.13%, 8/21/2017		350,000		346,477
1.63%, 3/20/2017		150,000		151,589
1.88%, 1/15/2019		150,000		148,107
2.50%, 8/22/2022		250,000		234,995
2.90%, 11/15/2021		250,000		246,703
4.50%, 3/26/2020		250,000		274,241
5.65%, 5/16/2018		400,000		458,496
Reynolds American, Inc.:
1.05%, 10/30/2015		33,000		33,087
3.25%, 11/1/2022		250,000		235,871
4.85%, 9/15/2023		250,000		263,062

				5,233,240

TRADING COMPANIES & DISTRIBUTORS — 0.1%
GATX Corp.:
2.38%, 7/30/2018		232,000		228,345
4.75%, 5/15/2015		175,000		182,340

				410,685

WIRELESS TELECOMMUNICATION SERVICES — 2.1%
America Movil SAB de CV:
2.38%, 9/8/2016		550,000		565,576
3.13%, 7/16/2022 (b)		250,000		238,509
5.00%, 3/30/2020		350,000		381,876
AT&T, Inc.:
4.45%, 5/15/2021		400,000		432,261
5.50%, 2/1/2018		1,248,000		1,410,198
Deutsche Telekom International Finance BV:
5.75%, 3/23/2016		100,000		109,254
6.00%, 7/8/2019		250,000		292,763
6.75%, 8/20/2018		150,000		178,293
Embarq Corp. 7.08%, 6/1/2016		750,000		836,250
France Telecom SA:
4.13%, 9/14/2021 (b)		100,000		102,907
5.38%, 7/8/2019 (b)		200,000		225,445
Orange SA:
2.13%, 9/16/2015		300,000		304,734
2.75%, 9/14/2016		250,000		259,141

227

SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Rogers Communications, Inc.:
4.10%, 10/1/2023	$	150,000	$	153,308
6.80%, 8/15/2018		430,000		509,779
Telefonica Emisiones SAU:
3.99%, 2/16/2016		405,000		424,726
4.57%, 4/27/2023		250,000		255,297
5.13%, 4/27/2020		255,000		275,250
6.22%, 7/3/2017		250,000		282,835
6.42%, 6/20/2016		300,000		332,086
Verizon Communications, Inc. 6.35%, 4/1/2019		450,000		531,814
Vodafone Group PLC:
1.25%, 9/26/2017		250,000		247,210
1.50%, 2/19/2018		250,000		245,967
1.63%, 3/20/2017		300,000		302,566
2.50%, 9/26/2022		250,000		227,887
2.95%, 2/19/2023		250,000		234,364
4.38%, 3/16/2021		250,000		267,462
4.63%, 7/15/2018		300,000		330,736
5.63%, 2/27/2017		50,000		56,100

				10,014,594

TOTAL CORPORATE BONDS & NOTES —
(Cost $451,345,451)				457,762,493

	Shares
SHORT TERM INVESTMENTS — 5.0%
MONEY MARKET FUNDS — 5.0%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		14,970,300		14,970,300
State Street Institutional Liquid Reserves Fund 0.08% (g)(h)		8,429,268		8,429,268

TOTAL SHORT TERM INVESTMENTS — (i)
(Cost $23,399,568)				23,399,568

TOTAL INVESTMENTS — 102.7% (j)
(Cost $474,745,019)				481,162,061
OTHER ASSETS & LIABILITIES — (2.7)%				(12,616,809	)

NET ASSETS — 100.0%			$	468,545,252


(a)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Variable rate security. Rate shown is rate in effect at March 31, 2014. Maturity date disclosed is the ultimate maturity.
(d)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.7% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(e)		Amount shown represents less than 0.05% of net assets.
(f)		Investments of cash collateral for securities loaned
(g)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(h)		The rate shown is the annualized seven-day yield at period end.
(i)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(j)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

228

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 98.7%
AEROSPACE & DEFENSE — 2.1%
General Dynamics Corp. 3.60%, 11/15/2042	$	50,000	$	44,074
Honeywell International, Inc.:
5.38%, 3/1/2041		50,000		58,030
5.70%, 3/15/2036		100,000		118,090
Lockheed Martin Corp.:
4.07%, 12/15/2042		60,000		56,176
4.85%, 9/15/2041		100,000		104,904
6.15%, 9/1/2036		130,000		158,083
Northrop Grumman Corp. 4.75%, 6/1/2043		125,000		125,273
Northrop Grumman Systems Corp. 7.75%, 2/15/2031		50,000		66,881
Precision Castparts Corp. 3.90%, 1/15/2043		50,000		46,512
Raytheon Co.:
4.70%, 12/15/2041		50,000		51,929
7.20%, 8/15/2027		50,000		64,774
The Boeing Co. 6.88%, 3/15/2039		120,000		164,811
United Technologies Corp.:
4.50%, 6/1/2042		297,000		301,958
5.70%, 4/15/2040		100,000		119,406
6.05%, 6/1/2036		100,000		123,924
6.13%, 7/15/2038		130,000		163,117

				1,767,942

AIR FREIGHT & LOGISTICS — 0.4%
FedEx Corp.:
3.88%, 8/1/2042		41,000		35,410
5.10%, 1/15/2044		50,000		52,070
United Parcel Service, Inc.:
4.88%, 11/15/2040		100,000		107,072
6.20%, 1/15/2038		125,000		158,276

				352,828

AIRLINES — 0.3%
Continental Airlines 2012-1 Pass Through Trust, Class A 4.15%, 4/11/2024 (a)		146,309		149,601
US Airways 2012-2 Pass Through Trust, Class A 4.63%, 6/3/2025 (a)		99,657		104,390

				253,991

AUTO COMPONENTS — 0.1%
Johnson Controls, Inc.:
5.25%, 12/1/2041		50,000		52,565
5.70%, 3/1/2041		50,000		56,628

				109,193

AUTOMOBILES — 0.8%
Daimler Finance North America LLC 8.50%, 1/18/2031		127,000		189,226
Ford Motor Co.:
4.75%, 1/15/2043		200,000		193,117
7.45%, 7/16/2031		225,000		290,572

				672,915

BANKS — 3.1%
Bank One Corp. 7.63%, 10/15/2026		100,000		126,324
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands 5.25%, 5/24/2041		100,000		107,485
Fifth Third Bancorp 8.25%, 3/1/2038		100,000		140,490
HSBC Bank USA NA 5.88%, 11/1/2034 (b)		100,000		112,886
HSBC Holdings PLC:
5.25%, 3/14/2044		50,000		50,867
6.10%, 1/14/2042		100,000		120,600
6.50%, 5/2/2036		150,000		175,298
6.50%, 9/15/2037		95,000		111,540
6.80%, 6/1/2038		250,000		302,465
7.63%, 5/17/2032 (b)		100,000		129,971
JPMorgan Chase & Co. 5.60%, 7/15/2041		150,000		169,981
NBD Bank NA/Michigan 8.25%, 11/1/2024		100,000		130,747
Wachovia Bank NA 6.60%, 1/15/2038		250,000		328,116
Wachovia Corp.:
5.50%, 8/1/2035		50,000		54,177
7.50%, 4/15/2035		100,000		129,120
Wells Fargo & Co.:
5.38%, 2/7/2035		100,000		112,393
5.38%, 11/2/2043		250,000		263,361
Wells Fargo Capital X 5.95%, 12/15/2036		100,000		100,000

				2,665,821

BEVERAGES — 1.6%
Anheuser-Busch Cos. LLC 6.45%, 9/1/2037		100,000		128,117
Anheuser-Busch InBev Worldwide, Inc.:
3.75%, 7/15/2042		124,000		110,549
6.38%, 1/15/2040		190,000		242,453
8.00%, 11/15/2039		100,000		149,533
Brown-Forman Corp. 3.75%, 1/15/2043		90,000		79,749
Diageo Capital PLC 3.88%, 4/29/2043		30,000		27,357
Diageo Investment Corp.:
4.25%, 5/11/2042		35,000		33,851
7.45%, 4/15/2035		100,000		138,059
Molson Coors Brewing Co. 5.00%, 5/1/2042 (b)		100,000		104,876
PepsiAmericas, Inc. 5.50%, 5/15/2035		100,000		113,451
PepsiCo, Inc.:
4.00%, 3/5/2042		100,000		92,007
4.88%, 11/1/2040		50,000		52,603
5.50%, 1/15/2040		50,000		56,704
The Pepsi Bottling Group, Inc. 7.00%, 3/1/2029		50,000		65,562

				1,394,871

229

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

BIOTECHNOLOGY — 1.5%
Amgen, Inc.:
5.15%, 11/15/2041	$	225,000	$	232,151
5.38%, 5/15/2043		175,000		186,986
6.38%, 6/1/2037		100,000		120,668
6.40%, 2/1/2039		150,000		181,718
Celgene Corp. 5.25%, 8/15/2043 (b)		50,000		53,474
Genentech, Inc. 5.25%, 7/15/2035		100,000		112,023
Gilead Sciences, Inc.:
3.70%, 4/1/2024		150,000		150,666
4.80%, 4/1/2044		150,000		154,665
5.65%, 12/1/2041		100,000		114,387

				1,306,738

BUILDING PRODUCTS — 0.1%
Owens Corning 7.00%, 12/1/2036		91,000		100,908

CAPITAL MARKETS — 2.4%
Jefferies Group, Inc.:
6.25%, 1/15/2036		50,000		50,556
6.45%, 6/8/2027		100,000		106,634
Morgan Stanley:
5.00%, 11/24/2025		175,000		180,048
6.25%, 8/9/2026		50,000		59,133
6.38%, 7/24/2042		150,000		182,465
7.25%, 4/1/2032		100,000		129,941
Northern Trust Corp. 3.95%, 10/30/2025		50,000		50,113
The Goldman Sachs Group, Inc.:
4.00%, 3/3/2024		165,000		163,857
5.95%, 1/15/2027		100,000		108,836
6.25%, 2/1/2041		230,000		273,899
6.45%, 5/1/2036		150,000		165,918
6.75%, 10/1/2037		522,000		597,250

				2,068,650

CHEMICALS — 1.8%
Agrium, Inc. 6.13%, 1/15/2041 (b)		125,000		143,710
CF Industries, Inc.:
4.95%, 6/1/2043		25,000		24,337
5.15%, 3/15/2034		25,000		25,868
E.I. du Pont de Nemours & Co.:
4.15%, 2/15/2043 (b)		50,000		47,841
5.60%, 12/15/2036		100,000		114,517
Eastman Chemical Co. 4.80%, 9/1/2042		100,000		98,838
Ecolab, Inc. 5.50%, 12/8/2041		50,000		56,697
LYB International Finance BV 5.25%, 7/15/2043		164,000		172,450
Monsanto Co.:
3.60%, 7/15/2042		37,000		32,586
5.88%, 4/15/2038		100,000		120,307
Potash Corp. of Saskatchewan, Inc. 5.88%, 12/1/2036		100,000		117,265
Rohm & Haas Co. 7.85%, 7/15/2029		150,000		198,457
The Dow Chemical Co.:
4.38%, 11/15/2042		50,000		46,301
9.40%, 5/15/2039		105,000		166,117
The Mosaic Co.:
5.45%, 11/15/2033		75,000		80,897
5.63%, 11/15/2043		58,000		62,536
The Sherwin-Williams Co. 4.00%, 12/15/2042 (b)		50,000		45,947

				1,554,671

COMMERCIAL SERVICES & SUPPLIES — 0.5%
President and Fellows of Harvard College 3.62%, 10/1/2037		48,000		43,822
Republic Services, Inc. 5.70%, 5/15/2041		150,000		170,019
The Western Union Co. 6.20%, 11/17/2036		50,000		49,780
Waste Management, Inc. 7.75%, 5/15/2032		150,000		207,523

				471,144

COMMUNICATIONS EQUIPMENT — 0.7%
Cisco Systems, Inc.:
5.50%, 1/15/2040		150,000		171,349
5.90%, 2/15/2039		195,000		232,779
Harris Corp. 6.15%, 12/15/2040		50,000		56,374
Juniper Networks, Inc. 5.95%, 3/15/2041 (b)		100,000		102,088
Motorola Solutions, Inc. 7.50%, 5/15/2025 (b)		50,000		62,088

				624,678

CONSTRUCTION & ENGINEERING — 0.1%
ABB Finance USA, Inc. 4.38%, 5/8/2042		60,000		59,131

DIVERSIFIED CONSUMER SERVICES — 0.2%
Johns Hopkins University 4.08%, 7/1/2053		100,000		93,253
Massachusetts Institute of Technology 5.60%, 7/1/2111		100,000		122,627

				215,880

DIVERSIFIED FINANCIAL SERVICES — 6.2%
American Express Co. 4.05%, 12/3/2042		85,000		77,519
Aon Corp. 6.25%, 9/30/2040		50,000		60,757
Bank of America Corp.:
4.88%, 4/1/2044		25,000		25,194
5.00%, 1/21/2044		150,000		152,665
5.88%, 2/7/2042		125,000		144,122
6.11%, 1/29/2037		215,000		238,623
Citigroup, Inc.:
5.50%, 9/13/2025		100,000		106,514
5.88%, 2/22/2033		150,000		158,258
6.00%, 10/31/2033		100,000		107,119
6.13%, 8/25/2036		150,000		162,880
6.63%, 6/15/2032		150,000		171,005
6.68%, 9/13/2043		100,000		116,617
6.88%, 3/5/2038		105,000		134,806
8.13%, 7/15/2039		150,000		215,282
CME Group, Inc. 5.30%, 9/15/2043		50,000		55,519

230

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Credit Suisse USA, Inc. 7.13%, 7/15/2032	$	75,000	$	101,570
General Electric Capital Corp.:
5.88%, 1/14/2038		410,000		481,408
6.75%, 3/15/2032		480,000		613,723
6.88%, 1/10/2039		230,000		301,291
General Electric Capital Corp., Series A 6.15%, 8/7/2037		200,000		242,260
General Electric Capital Services, Inc. 7.50%, 8/21/2035		100,000		131,721
Goldman Sachs Capital I 6.35%, 2/15/2034		200,000		206,500
Invesco Finance PLC 5.38%, 11/30/2043		50,000		53,235
JPMorgan Chase & Co.:
4.85%, 2/1/2044		100,000		102,456
5.40%, 1/6/2042		100,000		110,359
5.50%, 10/15/2040		100,000		111,638
5.63%, 8/16/2043		50,000		54,166
6.40%, 5/15/2038		185,000		229,596
Leucadia National Corp. 6.63%, 10/23/2043		30,000		31,272
Merrill Lynch & Co., Inc.:
6.75%, 6/1/2028		150,000		178,344
7.75%, 5/14/2038		120,000		157,653
National Rural Utilities Cooperative Finance Corp. 8.00%, 3/1/2032		75,000		104,681
Raymond James Financial, Inc. 5.63%, 4/1/2024		50,000		54,384
UBS AG of Stamford, CT 7.75%, 9/1/2026		100,000		128,162

				5,321,299

DIVERSIFIED TELECOMMUNICATION SERVICES — 5.0%
AT&T, Inc.:
4.30%, 12/15/2042		192,000		170,133
4.35%, 6/15/2045		98,000		87,194
5.55%, 8/15/2041 (b)		250,000		263,976
6.40%, 5/15/2038		10,000		11,538
6.50%, 9/1/2037 (b)		100,000		116,196
British Telecommunications PLC 9.63%, 12/15/2030		200,000		309,814
Qwest Corp.:
7.25%, 9/15/2025		100,000		113,000
7.25%, 10/15/2035		100,000		102,000
Verizon Communications, Inc.:
3.85%, 11/1/2042		100,000		83,862
4.75%, 11/1/2041		100,000		96,338
6.00%, 4/1/2041		100,000		112,232
6.25%, 4/1/2037		250,000		286,605
6.40%, 9/15/2033		402,000		473,943
6.55%, 9/15/2043		1,331,000		1,615,179
7.75%, 12/1/2030		170,000		223,445
Verizon Maryland, Inc. 5.13%, 6/15/2033		150,000		148,529
Verizon New York, Inc., Series A 7.38%, 4/1/2032		100,000		118,629

				4,332,613

ELECTRIC UTILITIES — 11.7%
Alabama Power Co.:
5.20%, 6/1/2041		100,000		111,822
6.00%, 3/1/2039		100,000		122,748
6.13%, 5/15/2038		70,000		86,922
Appalachian Power Co.:
5.80%, 10/1/2035		50,000		56,982
6.70%, 8/15/2037		100,000		125,271
Arizona Public Service Co. 4.50%, 4/1/2042		100,000		101,494
CenterPoint Energy Houston Electric LLC 3.55%, 8/1/2042		100,000		87,545
Cleco Power LLC 6.00%, 12/1/2040		100,000		116,172
CMS Energy Corp. 4.70%, 3/31/2043		29,000		28,883
Commonwealth Edison Co. 3.80%, 10/1/2042		50,000		45,337
Commonwealth Edison Co., Series 1 5.90%, 3/15/2036		100,000		119,778
Consolidated Edison Co. of New York, Inc.:
3.95%, 3/1/2043		50,000		45,683
4.20%, 3/15/2042		75,000		71,145
5.50%, 12/1/2039		75,000		84,665
5.70%, 12/1/2036		130,000		150,881
5.70%, 6/15/2040		50,000		59,126
Dominion Gas Holdings LLC 4.80%, 11/1/2043 (c)		38,000		38,684
Dominion Resources, Inc:
5.95%, 6/15/2035		100,000		116,276
7.00%, 6/15/2038		100,000		128,964
Duke Energy Carolinas LLC:
4.25%, 12/15/2041		125,000		122,484
6.10%, 6/1/2037		100,000		120,012
6.45%, 10/15/2032		100,000		124,692
Duke Energy Indiana, Inc. 6.45%, 4/1/2039		180,000		232,175
Duke Energy Progress, Inc. 4.10%, 3/15/2043		50,000		47,907
Entergy Louisiana LLC 5.40%, 11/1/2024		100,000		113,596
Exelon Corp. 5.63%, 6/15/2035		200,000		214,691
Exelon Generation Co. LLC:
5.60%, 6/15/2042		60,000		62,275
6.25%, 10/1/2039		60,000		66,080
FirstEnergy Solutions Corp. 6.80%, 8/15/2039		100,000		104,773
Florida Power & Light Co.:
4.05%, 6/1/2042		100,000		95,845
4.13%, 2/1/2042		100,000		96,922
5.69%, 3/1/2040		115,000		136,883
5.85%, 5/1/2037		50,000		59,986
6.20%, 6/1/2036		150,000		186,601
Florida Power Corp.:
6.35%, 9/15/2037		100,000		127,388
6.40%, 6/15/2038		80,000		102,888
Georgia Power Co.:
4.30%, 3/15/2043		50,000		48,188
4.75%, 9/1/2040		125,000		128,704

231

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Iberdrola International BV 6.75%, 7/15/2036	$	100,000	$	116,137
Interstate Power & Light Co. 6.25%, 7/15/2039		50,000		62,639
John Sevier Combined Cycle Generation LLC 4.63%, 1/15/2042		974		1,009
Kansas City Power & Light Co.:
5.30%, 10/1/2041		50,000		53,322
6.05%, 11/15/2035		50,000		57,570
Kentucky Utilities Co. 5.13%, 11/1/2040		75,000		82,771
MidAmerican Energy Holdings Co.:
5.75%, 11/1/2035		100,000		118,596
8.48%, 9/15/2028		125,000		174,565
Mississippi Power Co. 4.25%, 3/15/2042		100,000		92,659
Nevada Power Co.:
5.38%, 9/15/2040		75,000		85,165
6.65%, 4/1/2036		50,000		64,288
Nisource Finance Corp.:
5.25%, 2/15/2043		100,000		101,691
5.95%, 6/15/2041		100,000		110,355
Northern States Power Co.:
3.40%, 8/15/2042		100,000		85,829
5.35%, 11/1/2039		50,000		57,537
Oglethorpe Power Corp.:
4.20%, 12/1/2042		25,000		23,206
5.38%, 11/1/2040		65,000		71,035
5.95%, 11/1/2039		50,000		58,370
Ohio Edison Co. 6.88%, 7/15/2036		100,000		123,378
Ohio Power Co. 6.60%, 2/15/2033		102,000		126,717
Oklahoma Gas & Electric Co. 4.55%, 3/15/2044		100,000		102,702
Oncor Electric Delivery Co. LLC:
5.30%, 6/1/2042		50,000		55,062
7.50%, 9/1/2038		125,000		170,187
Pacific Gas & Electric Co.:
4.60%, 6/15/2043		125,000		123,492
5.13%, 11/15/2043		100,000		106,111
5.80%, 3/1/2037		150,000		172,860
6.05%, 3/1/2034		250,000		294,199
PacifiCorp 6.00%, 1/15/2039		100,000		123,025
Potomac Electric Power Co.:
4.15%, 3/15/2043		50,000		47,919
7.90%, 12/15/2038		100,000		146,934
PPL Electric Utilities Corp.:
5.20%, 7/15/2041		55,000		61,547
6.25%, 5/15/2039		50,000		63,033
Progress Energy, Inc.:
6.00%, 12/1/2039		100,000		120,005
7.75%, 3/1/2031		90,000		121,837
Public Service Co. of Colorado 6.25%, 9/1/2037		100,000		127,629
Public Service Electric & Gas Co.:
3.95%, 5/1/2042		50,000		47,039
5.50%, 3/1/2040		100,000		115,614
5.80%, 5/1/2037		100,000		119,580
Puget Sound Energy, Inc.:
4.43%, 11/15/2041		100,000		101,234
5.48%, 6/1/2035		75,000		86,608
5.80%, 3/15/2040 (b)		55,000		66,746
San Diego Gas & Electric Co.:
3.95%, 11/15/2041		25,000		23,764
4.30%, 4/1/2042		100,000		99,908
San Diego Gas & Electric Co., Series D 6.00%, 6/1/2026		100,000		120,992
South Carolina Electric & Gas Co.:
4.35%, 2/1/2042		50,000		49,632
5.30%, 5/15/2033		50,000		55,736
5.45%, 2/1/2041		50,000		57,318
Southern California Edison Co.:
3.90%, 3/15/2043		50,000		46,503
4.05%, 3/15/2042		100,000		94,158
4.50%, 9/1/2040		50,000		50,418
4.65%, 10/1/2043		100,000		104,482
5.95%, 2/1/2038		100,000		121,796
6.00%, 1/15/2034		100,000		122,709
Southern California Edison Co., Series G 5.75%, 4/1/2035		50,000		59,070
Southern Power Co. 5.25%, 7/15/2043		50,000		53,633
Southwestern Public Service Co., Series F 6.00%, 10/1/2036		100,000		117,537
Tampa Electric Co.:
4.10%, 6/15/2042		50,000		47,157
6.55%, 5/15/2036		50,000		63,640
The Connecticut Light & Power Co. 6.35%, 6/1/2036		50,000		63,085
The Detroit Edison Co.:
3.95%, 6/15/2042		75,000		70,198
5.70%, 10/1/2037		50,000		59,168
Union Electric Co. 8.45%, 3/15/2039		100,000		157,288
Virginia Electric and Power Co.:
4.65%, 8/15/2043		50,000		51,732
6.00%, 5/15/2037		89,000		108,267
Westar Energy, Inc. 4.13%, 3/1/2042		100,000		96,604
Wisconsin Electric Power Co. 3.65%, 12/15/2042		50,000		44,024
Wisconsin Power & Light Co. 6.38%, 8/15/2037		50,000		63,418
Wisconsin Public Service Corp. 4.75%, 11/1/2044		50,000		53,154
Xcel Energy, Inc. 4.80%, 9/15/2041		50,000		51,726

				10,037,787

ELECTRICAL EQUIPMENT — 0.1%
Emerson Electric Co. 6.00%, 8/15/2032		50,000		60,533

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.2%
Corning, Inc.:
5.75%, 8/15/2040		75,000		88,149
7.25%, 8/15/2036		50,000		61,506

				149,655

232

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

ENERGY EQUIPMENT & SERVICES — 0.9%
Cameron International Corp. 5.95%, 6/1/2041	$	100,000	$	108,750
Diamond Offshore Drilling, Inc. 4.88%, 11/1/2043		50,000		48,844
Halliburton Co.:
4.75%, 8/1/2043		150,000		155,922
6.70%, 9/15/2038		100,000		128,962
National Oilwell Varco, Inc. 3.95%, 12/1/2042		100,000		92,617
Weatherford International, Inc. 6.80%, 6/15/2037		50,000		58,053
Weatherford International, Ltd./Bermuda:
6.50%, 8/1/2036		125,000		140,676
6.75%, 9/15/2040		50,000		58,224

				792,048

FOOD & STAPLES RETAILING — 2.9%
CVS Caremark Corp.:
5.30%, 12/5/2043		125,000		137,772
5.75%, 5/15/2041		50,000		57,876
6.13%, 9/15/2039		100,000		120,927
6.25%, 6/1/2027		50,000		60,992
Delhaize America LLC 9.00%, 4/15/2031		50,000		63,636
Safeway, Inc. 7.25%, 2/1/2031 (b)		100,000		96,500
Sysco Corp. 6.63%, 3/17/2039		100,000		128,886
The Kroger Co.:
5.15%, 8/1/2043		30,000		30,655
5.40%, 7/15/2040		100,000		103,600
7.50%, 4/1/2031		65,000		81,944
Wal-Mart Stores, Inc.:
4.75%, 10/2/2043		100,000		105,776
4.88%, 7/8/2040		175,000		187,695
5.00%, 10/25/2040		150,000		163,871
5.25%, 9/1/2035		230,000		257,417
5.63%, 4/1/2040		200,000		235,451
5.63%, 4/15/2041		100,000		118,622
5.88%, 4/5/2027		200,000		243,550
6.50%, 8/15/2037		175,000		226,916
Walgreen Co. 4.40%, 9/15/2042		50,000		47,018

				2,469,104

FOOD PRODUCTS — 1.9%
Ahold Finance USA LLC 6.88%, 5/1/2029		100,000		122,386
Archer-Daniels-Midland Co.:
4.02%, 4/16/2043		150,000		139,311
5.38%, 9/15/2035		100,000		110,702
Campbell Soup Co. 3.80%, 8/2/2042		58,000		48,625
ConAgra Foods, Inc.:
6.63%, 8/15/2039		150,000		180,986
7.13%, 10/1/2026		50,000		61,336
General Mills, Inc. 4.15%, 2/15/2043		50,000		46,758
Kellogg Co., Series B 7.45%, 4/1/2031		75,000		98,588
Kraft Foods Group, Inc.:
5.00%, 6/4/2042		150,000		156,840
6.50%, 2/9/2040		50,000		62,030
6.88%, 1/26/2039		100,000		128,934
Mondelez International, Inc. 6.50%, 2/9/2040		185,000		231,102
The Hershey Co. 7.20%, 8/15/2027		50,000		65,374
Unilever Capital Corp. 5.90%, 11/15/2032		110,000		140,016

				1,592,988

GAS UTILITIES — 0.3%
AGL Capital Corp.:
4.40%, 6/1/2043		50,000		49,144
5.88%, 3/15/2041		70,000		83,506
Atmos Energy Corp. 5.50%, 6/15/2041		50,000		57,248
ONE Gas, Inc. 4.66%, 2/1/2044 (c)		25,000		25,905
Piedmont Natural Gas Co., Inc. 4.65%, 8/1/2043		25,000		25,865
Southern California Gas Co. 3.75%, 9/15/2042		50,000		45,850

				287,518

HEALTH CARE EQUIPMENT & SUPPLIES — 0.9%
Baxter International, Inc. 3.65%, 8/15/2042		100,000		86,225
Becton Dickinson and Co. 6.00%, 5/15/2039		100,000		122,849
Boston Scientific Corp. 7.38%, 1/15/2040		101,000		132,765
Covidien International Finance SA 6.55%, 10/15/2037		100,000		128,611
Medtronic, Inc.:
4.00%, 4/1/2043		50,000		46,311
4.63%, 3/15/2044		100,000		102,423
5.55%, 3/15/2040		100,000		114,211
St. Jude Medical, Inc. 4.75%, 4/15/2043		75,000		74,932

				808,327

HEALTH CARE PROVIDERS & SERVICES — 2.2%
Aetna, Inc.:
4.50%, 5/15/2042		90,000		88,504
6.63%, 6/15/2036		100,000		123,871
Cardinal Health, Inc. 4.60%, 3/15/2043		60,000		58,538
CIGNA Corp.:
5.88%, 3/15/2041		100,000		117,586
7.88%, 5/15/2027		100,000		129,387
Humana, Inc. 4.63%, 12/1/2042		107,000		102,396
Kaiser Foundation Hospitals 4.88%, 4/1/2042		50,000		52,511
Mayo Clinic 4.00%, 11/15/2047		100,000		91,423
McKesson Corp. 6.00%, 3/1/2041		50,000		58,050
Quest Diagnostics, Inc. 6.95%, 7/1/2037		75,000		87,461

233

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

UnitedHealth Group, Inc.:
4.25%, 3/15/2043	$	100,000	$	95,108
4.38%, 3/15/2042		50,000		48,733
5.80%, 3/15/2036		50,000		58,730
5.95%, 2/15/2041		100,000		119,878
6.63%, 11/15/2037		100,000		128,369
6.88%, 2/15/2038		115,000		151,538
WellPoint, Inc.:
4.65%, 1/15/2043		100,000		97,123
5.10%, 1/15/2044		50,000		51,909
5.85%, 1/15/2036		50,000		56,780
5.95%, 12/15/2034		10,000		11,447
6.38%, 6/15/2037		130,000		156,482

				1,885,824

HOTELS, RESTAURANTS & LEISURE — 0.5%
Darden Restaurants, Inc. 6.80%, 10/15/2037		50,000		54,635
McDonald’s Corp.:
3.70%, 2/15/2042		50,000		45,260
4.88%, 7/15/2040		75,000		81,800
6.30%, 10/15/2037		100,000		127,062
6.30%, 3/1/2038		75,000		95,479
Yum! Brands, Inc. 6.88%, 11/15/2037		32,000		38,962

				443,198

HOUSEHOLD DURABLES — 0.1%
Whirlpool Corp. 5.15%, 3/1/2043 (b)		50,000		51,094

HOUSEHOLD PRODUCTS — 0.5%
Kimberly-Clark Corp. 5.30%, 3/1/2041		100,000		114,013
The Procter & Gamble Co.:
5.50%, 2/1/2034		100,000		117,437
5.55%, 3/5/2037		150,000		177,019

				408,469

INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1%
TransAlta Corp. 6.50%, 3/15/2040		100,000		101,181

INDUSTRIAL CONGLOMERATES — 0.9%
3M Co. 5.70%, 3/15/2037		100,000		120,200
General Electric Co.:
4.13%, 10/9/2042		150,000		143,198
4.50%, 3/11/2044		225,000		230,016
Koninklijke Philips Electronics NV:
5.00%, 3/15/2042		50,000		52,675
6.88%, 3/11/2038		100,000		128,398
Tyco Electronics Group SA 7.13%, 10/1/2037		100,000		121,960

				796,447

INSURANCE — 5.0%
ACE INA Holdings, Inc.:
4.15%, 3/13/2043		50,000		47,370
6.70%, 5/15/2036		50,000		64,842
Aflac, Inc.:
6.45%, 8/15/2040		50,000		61,780
6.90%, 12/17/2039		18,000		23,306
American International Group, Inc.:
4.13%, 2/15/2024		100,000		102,029
6.25%, 5/1/2036		125,000		153,890
8.18%, 5/15/2058 (d)		325,000		426,562
Aon PLC:
4.25%, 12/12/2042		20,000		18,278
4.45%, 5/24/2043		50,000		47,223
Arch Capital Group US, Inc. 5.14%, 11/1/2043		70,000		73,149
Assurant, Inc. 6.75%, 2/15/2034		50,000		56,476
AXA SA 8.60%, 12/15/2030 (a)		115,000		147,200
Berkshire Hathaway Finance Corp.:
4.40%, 5/15/2042		50,000		48,156
5.75%, 1/15/2040		100,000		115,991
Berkshire Hathaway, Inc. 4.50%, 2/11/2043 (b)		100,000		98,316
Chubb Corp. 6.50%, 5/15/2038		120,000		154,974
Cincinnati Financial Corp. 6.92%, 5/15/2028		100,000		119,893
Endurance Specialty Holdings, Ltd. 7.00%, 7/15/2034		50,000		57,714
Genworth Financial, Inc. 6.50%, 6/15/2034		50,000		57,343
Hartford Financial Services Group, Inc.:
4.30%, 4/15/2043		21,000		19,501
6.63%, 3/30/2040		50,000		62,552
Lincoln National Corp. 7.00%, 6/15/2040		100,000		131,589
Loews Corp. 4.13%, 5/15/2043		50,000		45,054
Markel Corp. 5.00%, 3/30/2043		33,000		32,475
Marsh & McLennan Cos., Inc. 5.88%, 8/1/2033		50,000		57,227
MetLife, Inc.:
4.13%, 8/13/2042 (b)		150,000		139,087
4.88%, 11/13/2043		100,000		103,499
5.70%, 6/15/2035		100,000		115,446
6.38%, 6/15/2034		100,000		124,616
6.40%, 12/15/2036 (a)		150,000		158,250
Principal Financial Group, Inc.:
4.63%, 9/15/2042		50,000		48,833
6.05%, 10/15/2036		50,000		58,889
Protective Life Corp. 8.45%, 10/15/2039		50,000		67,490
Prudential Financial, Inc.:
5.20%, 3/15/2044 (a)(b)(d)		150,000		148,125
5.40%, 6/13/2035		50,000		54,269
5.63%, 5/12/2041		125,000		140,833
5.75%, 7/15/2033		75,000		84,341
Prudential Financial, Inc., Series D 5.70%, 12/14/2036		50,000		56,284
Swiss Re Solutions Holding Corp. 7.00%, 2/15/2026		35,000		42,886
The Allstate Corp.:
5.35%, 6/1/2033		50,000		55,719
5.55%, 5/9/2035		75,000		85,591
5.95%, 4/1/2036		30,000		35,773

234

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

The Progressive Corp. 6.25%, 12/1/2032	$	50,000	$	61,648
The Travelers Cos., Inc.:
4.60%, 8/1/2043		63,000		63,958
6.25%, 6/15/2037		130,000		161,986
Travelers Property Casualty Corp. 6.38%, 3/15/2033		50,000		62,194
Unum Group 5.75%, 8/15/2042		50,000		55,197
XL Group PLC 6.25%, 5/15/2027		100,000		114,778

				4,262,582

INTERNET SOFTWARE & SERVICES — 0.1%
eBay, Inc. 4.00%, 7/15/2042		50,000		44,154

IT SERVICES — 0.5%
International Business Machines Corp.:
4.00%, 6/20/2042		75,000		70,454
5.60%, 11/30/2039		87,000		100,951
5.88%, 11/29/2032		50,000		60,861
6.50%, 1/15/2028		50,000		63,358
7.00%, 10/30/2025		50,000		64,519
Leidos Holdings, Inc. 5.95%, 12/1/2040 (b)		100,000		99,652

				459,795

LEISURE PRODUCTS — 0.1%
Hasbro, Inc. 6.35%, 3/15/2040		50,000		55,570

LIFE SCIENCES TOOLS & SERVICES — 0.1%
Thermo Fisher Scientific, Inc. 5.30%, 2/1/2044		57,000		61,396

MACHINERY — 1.1%
Caterpillar, Inc.:
3.80%, 8/15/2042		39,000		34,806
5.20%, 5/27/2041		115,000		127,428
6.05%, 8/15/2036		100,000		121,618
Cummins, Inc. 4.88%, 10/1/2043		100,000		107,299
Deere & Co.:
3.90%, 6/9/2042		100,000		92,945
5.38%, 10/16/2029		50,000		57,740
Dover Corp. 5.38%, 3/1/2041		100,000		112,739
Eaton Corp. 4.15%, 11/2/2042		150,000		139,191
Illinois Tool Works, Inc.:
3.90%, 9/1/2042		100,000		91,090
4.88%, 9/15/2041		25,000		26,432
Stanley Black & Decker, Inc. 5.20%, 9/1/2040		50,000		53,871

				965,159

MEDIA — 7.2%
21st Century Fox America, Inc.:
5.40%, 10/1/2043		150,000		161,250
6.20%, 12/15/2034		50,000		58,279
6.40%, 12/15/2035		100,000		119,362
CBS Corp.:
4.85%, 7/1/2042		100,000		97,209
5.50%, 5/15/2033		50,000		53,016
7.88%, 7/30/2030		75,000		98,508
Comcast Corp.:
4.25%, 1/15/2033		300,000		292,183
4.50%, 1/15/2043 (b)		100,000		97,848
4.65%, 7/15/2042		98,000		97,906
4.75%, 3/1/2044		100,000		101,834
5.65%, 6/15/2035		100,000		112,575
6.40%, 3/1/2040		100,000		123,480
6.45%, 3/15/2037		100,000		122,391
6.55%, 7/1/2039		150,000		187,759
6.95%, 8/15/2037 (b)		260,000		337,754
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.:
5.15%, 3/15/2042		150,000		142,427
6.00%, 8/15/2040		50,000		52,684
6.38%, 3/1/2041		150,000		162,842
Discovery Communications LLC:
4.88%, 4/1/2043		50,000		48,856
4.95%, 5/15/2042		75,000		73,812
6.35%, 6/1/2040		50,000		57,884
Grupo Televisa SA 6.63%, 3/18/2025 (b)		150,000		174,162
NBCUniversal Media LLC:
5.95%, 4/1/2041		100,000		117,883
6.40%, 4/30/2040		50,000		61,864
News America, Inc.:
6.15%, 3/1/2037		100,000		116,245
6.15%, 2/15/2041		150,000		175,939
6.55%, 3/15/2033		50,000		60,070
6.65%, 11/15/2037		140,000		170,563
The Walt Disney Co.:
3.70%, 12/1/2042		100,000		90,535
4.13%, 12/1/2041 (b)		50,000		48,545
4.38%, 8/16/2041		50,000		49,913
Thomson Reuters Corp.:
5.65%, 11/23/2043		50,000		52,689
5.85%, 4/15/2040		100,000		106,457
Time Warner Cable, Inc.:
4.50%, 9/15/2042		100,000		91,660
5.50%, 9/1/2041		125,000		131,033
5.88%, 11/15/2040		150,000		163,556
6.55%, 5/1/2037		100,000		116,444
6.75%, 6/15/2039		100,000		119,465
7.30%, 7/1/2038		205,000		258,739
Time Warner Cos., Inc. 6.95%, 1/15/2028		100,000		122,574
Time Warner, Inc.:
4.90%, 6/15/2042 (b)		75,000		74,929
5.35%, 12/15/2043 (b)		50,000		53,288
6.20%, 3/15/2040		150,000		173,935
6.25%, 3/29/2041		100,000		117,649
6.50%, 11/15/2036		75,000		88,928
7.63%, 4/15/2031		240,000		318,101
7.70%, 5/1/2032		100,000		133,532
Viacom, Inc.:
4.38%, 3/15/2043		62,000		55,444
4.88%, 6/15/2043		50,000		48,329
5.85%, 9/1/2043 (b)		150,000		166,525
6.88%, 4/30/2036		100,000		123,876

235

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

WPP Finance UK 5.13%, 9/7/2042	$	50,000	$	49,111

				6,231,842

METALS & MINING — 3.4%
Alcoa, Inc.:
5.90%, 2/1/2027		50,000		51,147
5.95%, 2/1/2037		50,000		49,043
6.75%, 1/15/2028		50,000		54,584
Barrick Gold Corp. 5.25%, 4/1/2042		100,000		90,693
Barrick North America Finance LLC 5.70%, 5/30/2041		50,000		48,090
Barrick PD Australia Finance Pty Ltd. 5.95%, 10/15/2039		150,000		148,331
BHP Billiton Finance USA, Ltd.:
4.13%, 2/24/2042		125,000		117,859
5.00%, 9/30/2043		200,000		211,648
Cliffs Natural Resources, Inc. 6.25%, 10/1/2040 (b)		100,000		87,184
Freeport-McMoRan Copper & Gold, Inc. 5.45%, 3/15/2043		220,000		216,663
Newmont Mining Corp.:
4.88%, 3/15/2042 (b)		50,000		40,210
6.25%, 10/1/2039		190,000		182,850
Nucor Corp.:
5.20%, 8/1/2043		36,000		36,671
6.40%, 12/1/2037		50,000		58,067
Rio Tinto Alcan, Inc.:
6.13%, 12/15/2033		65,000		75,656
7.25%, 3/15/2031		100,000		126,105
Rio Tinto Finance USA PLC 4.13%, 8/21/2042 (b)		100,000		90,659
Rio Tinto Finance USA, Ltd. 5.20%, 11/2/2040		100,000		106,190
Southern Copper Corp.:
5.25%, 11/8/2042		150,000		128,427
6.75%, 4/16/2040		75,000		76,805
Teck Resources, Ltd.:
6.13%, 10/1/2035		50,000		51,141
6.25%, 7/15/2041		200,000		206,445
Vale Overseas, Ltd.:
6.88%, 11/21/2036		320,000		343,789
6.88%, 11/10/2039		100,000		107,712
Vale SA 5.63%, 9/11/2042 (b)		200,000		187,091

				2,893,060

MULTI-UTILITIES — 1.3%
American Water Capital Corp. 4.30%, 12/1/2042		150,000		143,886
Dominion Resources, Inc.:
4.90%, 8/1/2041		100,000		102,168
5.25%, 8/1/2033		86,000		94,550
DTE Energy Co. 6.38%, 4/15/2033		50,000		60,990
MidAmerican Energy Holdings Co.:
5.95%, 5/15/2037		100,000		117,572
6.13%, 4/1/2036		280,000		334,096
6.50%, 9/15/2037		130,000		161,418
Sempra Energy 6.00%, 10/15/2039		100,000		119,116

				1,133,796

MULTILINE RETAIL — 1.0%
Kohl’s Corp. 6.88%, 12/15/2037		50,000		58,628
Macy’s Retail Holdings, Inc.:
5.13%, 1/15/2042		50,000		51,789
6.65%, 7/15/2024		75,000		89,695
6.70%, 7/15/2034		100,000		122,443
Nordstrom, Inc.:
5.00%, 1/15/2044 (b)(c)		50,000		52,401
6.95%, 3/15/2028		50,000		63,339
Target Corp.:
4.00%, 7/1/2042 (b)		150,000		137,937
6.50%, 10/15/2037		100,000		125,535
7.00%, 1/15/2038		125,000		165,341

				867,108

OIL, GAS & CONSUMABLE FUELS — 11.6%
Alberta Energy Co., Ltd. 7.38%, 11/1/2031		10,000		12,399
Anadarko Petroleum Corp.:
6.20%, 3/15/2040		125,000		144,946
6.45%, 9/15/2036		100,000		118,437
Apache Corp.:
4.25%, 1/15/2044		100,000		94,105
4.75%, 4/15/2043		150,000		151,034
5.10%, 9/1/2040		50,000		52,700
5.25%, 2/1/2042		50,000		53,595
6.00%, 1/15/2037		125,000		145,910
Baker Hughes, Inc. 5.13%, 9/15/2040		150,000		165,505
Canadian Natural Resources, Ltd.:
5.85%, 2/1/2035		100,000		110,150
6.25%, 3/15/2038 (b)		100,000		119,135
7.20%, 1/15/2032		50,000		63,159
Cenovus Energy, Inc.:
4.45%, 9/15/2042		100,000		94,069
6.75%, 11/15/2039		100,000		124,515
CenterPoint Energy Resources Corp. 5.85%, 1/15/2041		35,000		41,596
Conoco Funding Co. 7.25%, 10/15/2031		165,000		221,915
Conoco, Inc. 6.95%, 4/15/2029		115,000		152,977
ConocoPhillips 6.50%, 2/1/2039		375,000		491,461
Devon Energy Corp.:
4.75%, 5/15/2042		50,000		49,723
5.60%, 7/15/2041		100,000		110,759
7.95%, 4/15/2032		100,000		137,347
Devon Financing Corp. ULC 7.88%, 9/30/2031		115,000		156,450
El Paso Natural Gas Co. LLC 8.38%, 6/15/2032		100,000		133,692
El Paso Pipeline Partners Operating Co. LLC 4.70%, 11/1/2042		100,000		88,460
Enbridge Energy Partners LP, Series B 7.50%, 4/15/2038		100,000		124,226

236

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

EnCana Corp.:
5.15%, 11/15/2041 (b)	$	75,000	$	76,256
6.50%, 8/15/2034 (b)		150,000		175,024
6.50%, 2/1/2038 (b)		50,000		59,699
6.63%, 8/15/2037		50,000		59,832
Energy Transfer Partners LP:
5.15%, 2/1/2043		100,000		96,988
5.95%, 10/1/2043		100,000		107,617
6.05%, 6/1/2041		75,000		80,886
6.63%, 10/15/2036		50,000		56,963
ENI USA, Inc. 7.30%, 11/15/2027		50,000		64,465
Enterprise Products Operating LLC:
4.45%, 2/15/2043		100,000		94,026
4.85%, 3/15/2044		100,000		100,064
5.10%, 2/15/2045		50,000		51,764
6.13%, 10/15/2039		100,000		116,031
6.65%, 10/15/2034 (b)		100,000		122,857
7.55%, 4/15/2038		115,000		149,825
Hess Corp.:
5.60%, 2/15/2041		100,000		109,505
6.00%, 1/15/2040		75,000		85,490
7.13%, 3/15/2033		100,000		126,177
7.30%, 8/15/2031		65,000		82,606
Husky Energy, Inc. 6.80%, 9/15/2037		50,000		63,439
Kerr-McGee Corp. 7.88%, 9/15/2031		150,000		194,118
Kinder Morgan Energy Partners LP:
5.00%, 8/15/2042		100,000		95,254
5.00%, 3/1/2043		50,000		47,750
5.63%, 9/1/2041		100,000		103,403
6.38%, 3/1/2041		50,000		56,443
6.95%, 1/15/2038		75,000		89,824
7.40%, 3/15/2031		200,000		244,414
Marathon Oil Corp.:
6.60%, 10/1/2037		50,000		62,553
6.80%, 3/15/2032		50,000		60,880
Marathon Petroleum Corp. 6.50%, 3/1/2041		100,000		121,423
Murphy Oil Corp. 5.13%, 12/1/2042		50,000		46,587
Noble Energy, Inc.:
5.25%, 11/15/2043		150,000		156,756
6.00%, 3/1/2041		50,000		57,239
Noble Holding International, Ltd.:
5.25%, 3/15/2042 (b)		50,000		48,882
6.05%, 3/1/2041		50,000		53,282
ONEOK Partners LP:
6.13%, 2/1/2041		50,000		56,156
6.85%, 10/15/2037		100,000		120,770
Petro-Canada:
5.35%, 7/15/2033		100,000		106,786
5.95%, 5/15/2035		100,000		114,926
6.80%, 5/15/2038		95,000		120,915
Phillips 66 5.88%, 5/1/2042 (b)		100,000		115,530
Plains All American Pipeline LP/PAA Finance Corp.:
5.15%, 6/1/2042		100,000		104,135
6.65%, 1/15/2037		50,000		61,330
Rowan Cos., Inc. 5.85%, 1/15/2044		33,000		33,485
Shell International Finance BV:
3.63%, 8/21/2042		50,000		44,153
4.55%, 8/12/2043		100,000		102,860
5.50%, 3/25/2040		100,000		117,004
6.38%, 12/15/2038		190,000		244,612
Southern Natural Gas Co. 8.00%, 3/1/2032		15,000		19,929
Spectra Energy Partners LP 4.75%, 3/15/2024 (b)		100,000		105,366
Suncor Energy, Inc.:
6.50%, 6/15/2038		50,000		61,790
6.85%, 6/1/2039		100,000		128,264
Sunoco Logistics Partners Operations LP 6.10%, 2/15/2042		100,000		109,167
Talisman Energy, Inc.:
5.50%, 5/15/2042		100,000		99,064
6.25%, 2/1/2038		100,000		106,898
Texas Eastern Transmission LP 7.00%, 7/15/2032		100,000		123,700
TransCanada PipeLines, Ltd. 5.00%, 10/16/2043		50,000		52,642
TransCanada Pipelines, Ltd.:
6.10%, 6/1/2040		100,000		120,506
6.20%, 10/15/2037		120,000		145,937
7.63%, 1/15/2039		165,000		230,435
Transcontinental Gas Pipe Line Co. LLC:
4.45%, 8/1/2042		22,000		20,314
5.40%, 8/15/2041		50,000		52,917
Transocean, Inc.:
6.80%, 3/15/2038		150,000		162,415
7.50%, 4/15/2031		30,000		34,218
Valero Energy Corp.:
7.50%, 4/15/2032		75,000		95,692
10.50%, 3/15/2039		100,000		159,584
Williams Cos., Inc. 8.75%, 3/15/2032		100,000		121,152
Williams Partners LP:
5.80%, 11/15/2043		50,000		53,797
6.30%, 4/15/2040		100,000		113,636

				9,936,672

PAPER & FOREST PRODUCTS — 0.7%
Domtar Corp. 6.75%, 2/15/2044		50,000		55,399
Georgia-Pacific LLC 8.88%, 5/15/2031		150,000		219,093
International Paper Co.:
6.00%, 11/15/2041		100,000		114,497
8.70%, 6/15/2038		50,000		72,085
Westvaco Corp. 7.95%, 2/15/2031		100,000		122,247

				583,321

PERSONAL PRODUCTS — 0.1%
Avon Products, Inc. 6.95%, 3/15/2043		50,000		50,273
The Estee Lauder Cos., Inc. 6.00%, 5/15/2037		50,000		59,453

				109,726

237

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

PHARMACEUTICALS — 4.4%
Abbott Laboratories:
5.30%, 5/27/2040	$	50,000	$	56,984
6.00%, 4/1/2039		75,000		92,486
AbbVie, Inc. 4.40%, 11/6/2042 (b)		200,000		195,041
Actavis, Inc. 4.63%, 10/1/2042		100,000		95,420
AstraZeneca PLC:
4.00%, 9/18/2042		100,000		92,536
6.45%, 9/15/2037		200,000		251,551
Bristol-Myers Squibb Co.:
3.25%, 8/1/2042		71,000		57,493
4.50%, 3/1/2044		100,000		100,391
5.88%, 11/15/2036		74,000		88,869
Eli Lilly & Co.:
5.50%, 3/15/2027		65,000		75,676
6.77%, 1/1/2036		100,000		129,527
Express Scripts Holding Co. 6.13%, 11/15/2041		75,000		88,748
GlaxoSmithKline Capital, Inc.:
4.20%, 3/18/2043		45,000		43,636
6.38%, 5/15/2038		180,000		229,172
Johnson & Johnson:
4.50%, 9/1/2040		225,000		235,492
5.95%, 8/15/2037		75,000		93,310
Merck & Co, Inc.:
4.15%, 5/18/2043		100,000		95,822
5.85%, 6/30/2039		100,000		120,998
5.95%, 12/1/2028		100,000		120,539
6.30%, 1/1/2026		150,000		185,662
6.50%, 12/1/2033		50,000		64,845
Mylan, Inc. 5.40%, 11/29/2043		17,000		17,701
Novartis Capital Corp.:
3.40%, 5/6/2024		100,000		99,702
3.70%, 9/21/2042		100,000		90,418
4.40%, 5/6/2044		150,000		151,362
Pfizer, Inc. 7.20%, 3/15/2039		210,000		292,277
Teva Pharmaceutical Finance Co. LLC 6.15%, 2/1/2036		100,000		113,641
Wyeth:
5.95%, 4/1/2037		200,000		242,077
6.50%, 2/1/2034		125,000		159,761
Zoetis, Inc. 4.70%, 2/1/2043		126,000		124,896

				3,806,033

REAL ESTATE INVESTMENT TRUSTS — 0.4%
HCP, Inc. 6.75%, 2/1/2041		50,000		63,056
Health Care REIT, Inc. 6.50%, 3/15/2041		86,000		103,448
Simon Property Group LP 6.75%, 2/1/2040		65,000		84,975
Weyerhaeuser Co. 7.38%, 3/15/2032		100,000		128,265

				379,744

ROAD & RAIL — 2.5%
Burlington Northern Santa Fe LLC:
4.38%, 9/1/2042		100,000		94,842
4.40%, 3/15/2042		75,000		71,453
5.15%, 9/1/2043		100,000		106,977
5.75%, 5/1/2040		150,000		171,203
6.15%, 5/1/2037		100,000		119,248
7.95%, 8/15/2030		50,000		68,022
Canadian National Railway Co.:
3.50%, 11/15/2042		100,000		86,516
6.38%, 11/15/2037		100,000		128,204
6.90%, 7/15/2028		45,000		58,661
Canadian Pacific Railway, Ltd. 5.75%, 1/15/2042		100,000		116,090
Con-way, Inc. 6.70%, 5/1/2034		50,000		53,832
CSX Corp.:
4.10%, 3/15/2044		161,000		147,105
4.40%, 3/1/2043		100,000		95,802
6.22%, 4/30/2040		120,000		145,278
Kansas City Southern Railway 4.30%, 5/15/2043 (c)		17,000		15,412
Norfolk Southern Corp.:
4.84%, 10/1/2041		300,000		307,914
6.00%, 3/15/2105		100,000		113,605
Union Pacific Corp.:
4.30%, 6/15/2042		50,000		47,978
4.75%, 9/15/2041		75,000		77,247
4.82%, 2/1/2044		102,000		106,348

				2,131,737

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4%
Applied Materials, Inc. 5.85%, 6/15/2041		100,000		111,663
Intel Corp.:
4.00%, 12/15/2032		50,000		48,485
4.25%, 12/15/2042		100,000		95,125
4.80%, 10/1/2041		100,000		103,808

				359,081

SOFTWARE — 1.0%
Microsoft Corp.:
3.75%, 5/1/2043 (b)		73,000		65,968
4.50%, 10/1/2040		50,000		50,498
5.20%, 6/1/2039		100,000		112,001
5.30%, 2/8/2041		100,000		112,294
Oracle Corp.:
5.38%, 7/15/2040 (b)		200,000		224,946
6.13%, 7/8/2039		105,000		128,667
6.50%, 4/15/2038		100,000		127,361

				821,735

SPECIALTY RETAIL — 1.2%
Kohl’s Corp. 6.00%, 1/15/2033		25,000		26,737
Lowe’s Cos., Inc.:
4.65%, 4/15/2042		100,000		101,154
5.00%, 9/15/2043		100,000		106,268
5.80%, 10/15/2036		100,000		116,327
6.65%, 9/15/2037		50,000		63,718

238

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

QVC, Inc. 5.95%, 3/15/2043 (b)	$	50,000	$	50,303
The Home Depot, Inc.:
4.88%, 2/15/2044		100,000		106,826
5.40%, 9/15/2040		100,000		112,938
5.88%, 12/16/2036		165,000		198,489
5.95%, 4/1/2041		125,000		151,881

				1,034,641

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.3%
Apple, Inc. 3.85%, 5/4/2043		200,000		177,367
Hewlett-Packard Co. 6.00%, 9/15/2041		75,000		82,250

				259,617

TEXTILES, APPAREL & LUXURY GOODS — 0.2%
NIKE, Inc. 3.63%, 5/1/2043		50,000		45,153
V.F. Corp. 6.45%, 11/1/2037		100,000		123,861

				169,014

TOBACCO — 1.3%
Altria Group, Inc.:
4.25%, 8/9/2042		50,000		44,307
4.50%, 5/2/2043		50,000		46,002
5.38%, 1/31/2044		192,000		201,639
9.95%, 11/10/2038		54,000		86,441
10.20%, 2/6/2039		33,000		54,028
Lorillard Tobacco Co. 8.13%, 5/1/2040		50,000		63,949
Philip Morris International, Inc.:
3.88%, 8/21/2042		50,000		44,388
4.13%, 3/4/2043		50,000		46,028
4.38%, 11/15/2041		100,000		95,657
4.50%, 3/20/2042		50,000		48,788
4.88%, 11/15/2043		75,000		77,625
6.38%, 5/16/2038		100,000		122,755
Reynolds American, Inc.:
4.75%, 11/1/2042		125,000		116,922
6.15%, 9/15/2043		50,000		56,415

				1,104,944

WIRELESS TELECOMMUNICATION SERVICES — 4.7%
Alltel Corp. 7.88%, 7/1/2032		50,000		67,028
America Movil SAB de CV:
4.38%, 7/16/2042 (b)		250,000		222,797
6.38%, 3/1/2035 (b)		140,000		159,733
AT&T Corp. 8.00%, 11/15/2031		219,000		301,506
AT&T, Inc.:
5.35%, 9/1/2040		345,000		353,588
6.15%, 9/15/2034		100,000		111,124
6.30%, 1/15/2038		115,000		131,358
6.55%, 2/15/2039		250,000		293,827
Deutsche Telekom International Finance BV:
8.75%, 6/15/2030		280,000		404,128
9.25%, 6/1/2032		50,000		77,127
Embarq Corp. 8.00%, 6/1/2036		150,000		157,125
France Telecom SA 5.38%, 1/13/2042 (b)		100,000		102,761
GTE Corp. 6.94%, 4/15/2028		160,000		192,388
Koninklijke KPN NV 8.38%, 10/1/2030		100,000		134,134
Orange SA:
5.50%, 2/6/2044		50,000		52,197
8.75%, 3/1/2031		150,000		215,637
Rogers Communications, Inc.:
4.50%, 3/15/2043		50,000		46,443
5.00%, 3/15/2044 (b)		100,000		101,144
7.50%, 8/15/2038		50,000		64,903
Telefonica Emisiones SAU 7.05%, 6/20/2036		100,000		121,043
Telefonica Europe BV 8.25%, 9/15/2030		145,000		187,885
US Cellular Corp. 6.70%, 12/15/2033		100,000		99,924
Vodafone Group PLC:
4.38%, 2/19/2043		175,000		157,489
6.15%, 2/27/2037		115,000		130,260
6.25%, 11/30/2032		100,000		115,634

				4,001,183

TOTAL CORPORATE BONDS & NOTES —
(Cost $85,192,207)				84,829,356

	Shares
SHORT TERM INVESTMENTS — 3.5%
MONEY MARKET FUNDS — 3.5%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		2,459,247		2,459,247
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		586,377		586,377

TOTAL SHORT TERM INVESTMENTS — (h)
(Cost $3,045,624)				3,045,624

TOTAL INVESTMENTS — 102.2% (i)
(Cost $88,237,831)				87,874,980
OTHER ASSETS & LIABILITIES — (2.2)%				(1,913,727	)

NET ASSETS — 100.0%			$	85,961,253

239

SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


(a)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.2% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d)		Variable rate security. Rate shown is rate in effect at March 31, 2014. Maturity date disclosed is the ultimate maturity.
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(i)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

ULC = Unlimited Liability Corporation

240

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 96.4%
AEROSPACE & DEFENSE — 1.0%
Honeywell International, Inc. 4.25%, 3/1/2021	$	50,000	$	54,512
L-3 Communications Corp.:
3.95%, 11/15/2016		25,000		26,676
4.75%, 7/15/2020		25,000		26,326
Lockheed Martin Corp. 2.13%, 9/15/2016 (a)		50,000		51,435
Raytheon Co.:
3.13%, 10/15/2020 (a)		50,000		50,567
4.88%, 10/15/2040 (a)		15,000		16,021
The Boeing Co. 5.88%, 2/15/2040		20,000		24,580
United Technologies Corp. 6.13%, 7/15/2038		25,000		31,369

				281,486

AIR FREIGHT & LOGISTICS — 0.3%
FedEx Corp. 2.63%, 8/1/2022 (a)		75,000		69,850
United Parcel Service, Inc. 4.88%, 11/15/2040		25,000		26,768

				96,618

AIRLINES — 2.1%
American Airlines 2013-1 Pass Through Trust, Class A 4.00%, 7/15/2025 (b)		97,291		98,385
Continental Airlines, Inc. Pass Through Trust, Class A 5.98%, 4/19/2022		42,998		49,018
Delta Air Lines 2012-1 Pass Through Trust, Class A 4.75%, 5/7/2020		185,986		200,865
Southwest Airlines Co. 5.13%, 3/1/2017 (a)		100,000		109,464
US Airways 2012-2 Pass Through Trust, Class A 4.63%, 6/3/2025 (c)		149,485		156,586

				614,318

AUTO COMPONENTS — 0.2%
Johnson Controls, Inc. 4.25%, 3/1/2021		50,000		53,441

AUTOMOBILES — 0.3%
Daimler Finance North America LLC 8.50%, 1/18/2031		25,000		37,250
PACCAR Financial Corp. 1.55%, 9/29/2014		50,000		50,293

				87,543

BANKS — 4.3%
Abbey National Treasury Services PLC 4.00%, 4/27/2016		50,000		53,026
American Express Bank FSB 6.00%, 9/13/2017 (a)		25,000		28,650
BB&T Corp. 3.20%, 3/15/2016		50,000		52,132
BB&T Corp., Series C 2.15%, 3/22/2017 (a)		50,000		51,073
BBVA US Senior SAU 3.25%, 5/16/2014		50,000		50,161
BNP Paribas SA 5.00%, 1/15/2021 (a)		50,000		55,209
Credit Suisse of New York, NY 4.38%, 8/5/2020 (a)		100,000		107,809
Deutsche Bank AG London 6.00%, 9/1/2017		100,000		113,747
HSBC Holdings PLC 4.00%, 3/30/2022		50,000		51,466
KeyCorp 5.10%, 3/24/2021		50,000		55,586
Lloyds Bank PLC 6.38%, 1/21/2021		100,000		119,846
PNC Funding Corp. 2.70%, 9/19/2016		50,000		51,899
Royal Bank of Canada:
1.45%, 9/9/2016		30,000		30,368
2.20%, 7/27/2018		50,000		50,343
Royal Bank of Scotland Group PLC 6.40%, 10/21/2019		75,000		86,044
The Toronto-Dominion Bank 2.38%, 10/19/2016 (a)		50,000		51,868
UnionBanCal Corp. 3.50%, 6/18/2022		50,000		50,264
US Bancorp 4.20%, 5/15/2014		50,000		50,227
Wells Fargo & Co. 5.63%, 12/11/2017		50,000		57,035
Westpac Banking Corp. 3.00%, 8/4/2015		25,000		25,796
Zions Bancorporation 7.75%, 9/23/2014		25,000		25,769

				1,218,318

BEVERAGES — 1.5%
Anheuser-Busch InBev Worldwide, Inc. 8.00%, 11/15/2039		50,000		74,766
Beam, Inc. 5.38%, 1/15/2016		50,000		53,561
Brown-Forman Corp. 2.25%, 1/15/2023		50,000		45,429
Coca-Cola Enterprises, Inc. 2.13%, 9/15/2015		50,000		50,928
Diageo Capital PLC 2.63%, 4/29/2023 (a)		50,000		46,639
Dr Pepper Snapple Group, Inc. 2.90%, 1/15/2016		50,000		51,870
PepsiCo, Inc. 3.13%, 11/1/2020 (a)		50,000		51,173
The Coca-Cola Co. 4.88%, 3/15/2019 (a)		50,000		56,515

				430,881

BIOTECHNOLOGY — 1.0%
Amgen, Inc. 6.38%, 6/1/2037		25,000		30,167
Celgene Corp. 3.95%, 10/15/2020		50,000		52,307
Genentech, Inc. 4.75%, 7/15/2015		85,000		89,542

241

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Genzyme Corp. 3.63%, 6/15/2015	$	50,000	$	51,825
Gilead Sciences, Inc. 4.50%, 4/1/2021 (a)		50,000		54,633

				278,474

BUILDING MATERIALS — 0.2%
CRH America, Inc. 6.00%, 9/30/2016		50,000		55,649

BUILDING PRODUCTS — 0.1%
Owens Corning 7.00%, 12/1/2036		25,000		27,722

CAPITAL MARKETS — 2.3%
Ameriprise Financial, Inc.:
5.30%, 3/15/2020 (a)		50,000		56,482
7.30%, 6/28/2019		25,000		30,566
HSBC USA, Inc. 1.63%, 1/16/2018 (a)		50,000		49,530
Jefferies Group LLC 3.88%, 11/9/2015 (a)		50,000		51,972
Morgan Stanley:
5.45%, 1/9/2017		100,000		110,453
6.25%, 8/9/2026		25,000		29,567
Northern Trust Corp. 2.38%, 8/2/2022 (a)		100,000		94,954
The Bank of New York Mellon Corp. 4.30%, 5/15/2014		55,000		55,262
The Goldman Sachs Group, Inc.:
2.90%, 7/19/2018		50,000		51,049
3.63%, 1/22/2023 (a)		50,000		49,182
6.00%, 5/1/2014 (a)		50,000		50,220
6.25%, 2/1/2041		25,000		29,772

				659,009

CHEMICALS — 3.8%
Agrium, Inc.:
3.15%, 10/1/2022		50,000		47,640
6.13%, 1/15/2041 (a)		25,000		28,742
Air Products & Chemicals, Inc.:
2.00%, 8/2/2016		15,000		15,352
4.38%, 8/21/2019		50,000		54,664
Airgas, Inc. 3.25%, 10/1/2015		100,000		103,399
CF Industries, Inc. 6.88%, 5/1/2018 (a)		100,000		116,319
E.I. du Pont de Nemours & Co. 6.00%, 7/15/2018 (a)		50,000		58,150
Eastman Chemical Co. 3.00%, 12/15/2015 (a)		25,000		25,851
Ecolab, Inc. 5.50%, 12/8/2041		50,000		56,697
LYB International Finance BV:
4.00%, 7/15/2023 (a)		100,000		101,900
5.25%, 7/15/2043		25,000		26,288
Monsanto Co.:
2.75%, 4/15/2016		25,000		26,019
3.60%, 7/15/2042		80,000		70,455
Potash Corp. of Saskatchewan, Inc. 4.88%, 3/30/2020 (a)		50,000		55,218
PPG Industries, Inc. 2.70%, 8/15/2022 (a)		75,000		70,910
RPM International, Inc.:
3.45%, 11/15/2022		50,000		47,395
6.13%, 10/15/2019		25,000		28,260
The Dow Chemical Co. 7.38%, 11/1/2029 (a)		50,000		64,753
The Mosaic Co. 4.88%, 11/15/2041		25,000		24,042
The Sherwin-Williams Co. 1.35%, 12/15/2017		50,000		49,409

				1,071,463

COMMERCIAL SERVICES & SUPPLIES — 1.0%
Cintas Corp. No 2 2.85%, 6/1/2016		50,000		51,488
Equifax, Inc. 3.30%, 12/15/2022		100,000		95,423
Republic Services, Inc.:
3.80%, 5/15/2018 (a)		50,000		53,170
5.25%, 11/15/2021		20,000		22,287
The Western Union Co.:
2.88%, 12/10/2017 (a)		50,000		50,691
5.25%, 4/1/2020 (a)		25,000		26,707

				299,766

COMMUNICATIONS EQUIPMENT — 0.8%
Cisco Systems, Inc.:
2.13%, 3/1/2019		50,000		49,911
3.15%, 3/14/2017		50,000		52,775
5.90%, 2/15/2039 (a)		25,000		29,844
Juniper Networks, Inc. 4.60%, 3/15/2021 (a)		50,000		52,035
Motorola Solutions, Inc. 6.00%, 11/15/2017		50,000		56,991

				241,556

CONSTRUCTION & ENGINEERING — 0.2%
ABB Finance USA, Inc. 4.38%, 5/8/2042		50,000		49,276

CONSUMER FINANCE — 0.2%
John Deere Capital Corp. 2.25%, 4/17/2019 (a)		50,000		50,135

CONTAINERS & PACKAGING — 0.2%
Sonoco Products Co. 5.75%, 11/1/2040		40,000		45,257

DIVERSIFIED FINANCIAL SERVICES — 4.3%
Air Lease Corp. 3.88%, 4/1/2021 (a)		25,000		25,085
Alterra Finance LLC 6.25%, 9/30/2020		50,000		57,731
American Express Credit Corp. 1.75%, 6/12/2015		50,000		50,648
AXA Financial, Inc. 7.00%, 4/1/2028		35,000		40,733
Bank of America Corp. 3.88%, 3/22/2017 (a)		75,000		79,869
Boeing Capital Corp. 2.90%, 8/15/2018		15,000		15,683
Capital One Financial Corp.:
4.75%, 7/15/2021		50,000		54,339
6.75%, 9/15/2017		17,000		19,788

242

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Citigroup, Inc. 3.95%, 6/15/2016	$	50,000	$	52,917
Ford Motor Credit Co. LLC 4.25%, 9/20/2022		100,000		103,120
Franklin Resources, Inc. 3.13%, 5/20/2015 (a)		100,000		102,817
General Electric Capital Corp. 3.50%, 6/29/2015		50,000		51,851
JPMorgan Chase & Co.:
1.13%, 2/26/2016		100,000		100,250
3.20%, 1/25/2023		50,000		48,553
5.50%, 10/15/2040		25,000		27,910
Lazard Group LLC 6.85%, 6/15/2017		95,000		108,026
Moody’s Corp. 5.50%, 9/1/2020 (a)		50,000		54,968
ORIX Corp. 5.00%, 1/12/2016 (a)		60,000		63,993
The Charles Schwab Corp. 3.23%, 9/1/2022		50,000		48,914
The Nasdaq OMX Group, Inc. 5.25%, 1/16/2018 (a)		30,000		32,780
Toyota Motor Credit Corp. 0.80%, 5/17/2016 (a)		100,000		100,249

				1,240,224

DIVERSIFIED TELECOMMUNICATION SERVICES — 1.0%
AT&T, Inc. 2.50%, 8/15/2015		50,000		51,191
British Telecommunications PLC 5.95%, 1/15/2018		100,000		114,015
Qwest Corp. 6.88%, 9/15/2033		50,000		49,500
Verizon New York, Inc., Series A 7.38%, 4/1/2032		50,000		59,314

				274,020

ELECTRIC UTILITIES — 4.8%
Appalachian Power Co. 5.80%, 10/1/2035		25,000		28,491
Arizona Public Service Co. 8.75%, 3/1/2019		50,000		64,017
CMS Energy Corp. 3.88%, 3/1/2024		70,000		70,504
Consolidated Edison Co. of New York, Inc. 5.38%, 12/15/2015		50,000		53,478
Constellation Energy Group, Inc. 5.15%, 12/1/2020		50,000		54,366
Consumers Energy Co.:
3.38%, 8/15/2023		50,000		49,958
3.95%, 5/15/2043		25,000		23,413
Duke Energy Carolinas LLC 6.10%, 6/1/2037		25,000		30,003
Entergy Gulf States Louisiana LLC 5.59%, 10/1/2024		25,000		28,786
Exelon Generation Co. LLC 6.20%, 10/1/2017		50,000		55,595
Florida Power & Light Co. 4.13%, 2/1/2042 (a)		25,000		24,230
Georgia Power Co. 5.65%, 3/1/2037		25,000		28,555
Great Plains Energy, Inc. 4.85%, 6/1/2021		25,000		27,097
Kentucky Utilities Co. 5.13%, 11/1/2040		25,000		27,590
Nevada Power Co. 6.65%, 4/1/2036 (a)		100,000		128,577
Nisource Finance Corp.:
5.65%, 2/1/2045 (a)		25,000		26,883
5.95%, 6/15/2041		25,000		27,589
NSTAR Electric Co. 4.40%, 3/1/2044 (a)		35,000		35,429
Oklahoma Gas & Electric Co. 5.25%, 5/15/2041		25,000		27,951
Pacific Gas & Electric Co. 4.75%, 2/15/2044 (a)		25,000		25,174
Potomac Electric Power Co. 7.90%, 12/15/2038		35,000		51,427
Progress Energy, Inc. 4.40%, 1/15/2021 (a)		50,000		53,835
Public Service Co. of Colorado 4.30%, 3/15/2044		67,000		67,271
Public Service Electric & Gas Co.:
0.85%, 8/15/2014		20,000		20,037
5.50%, 3/1/2040		15,000		17,342
South Carolina Electric & Gas Co. 6.05%, 1/15/2038 (a)		50,000		60,862
Southern California Edison Co. 3.88%, 6/1/2021		20,000		21,207
TECO Finance, Inc. 5.15%, 3/15/2020		50,000		55,497
The Detroit Edison Co. 5.60%, 6/15/2018		50,000		56,505
Westar Energy, Inc. 4.13%, 3/1/2042 (a)		50,000		48,302
Wisconsin Electric Power Co. 5.70%, 12/1/2036		25,000		29,290
Wisconsin Power & Light Co. 5.00%, 7/15/2019		50,000		55,806

				1,375,067

ELECTRICAL EQUIPMENT — 0.6%
Agilent Technologies, Inc. 6.50%, 11/1/2017		50,000		57,779
Emerson Electric Co. 4.25%, 11/15/2020		50,000		53,998
Roper Industries, Inc. 6.25%, 9/1/2019		50,000		56,801

				168,578

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.8%
Amphenol Corp.:
2.55%, 1/30/2019		50,000		49,925
4.00%, 2/1/2022		35,000		35,170
Arrow Electronics, Inc. 3.38%, 11/1/2015		50,000		51,740
Avnet, Inc. 6.63%, 9/15/2016		50,000		56,103
Corning, Inc. 5.75%, 8/15/2040		30,000		35,260

				228,198

243

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

ENERGY EQUIPMENT & SERVICES — 0.8%
Cameron International Corp. 5.95%, 6/1/2041 (a)	$	25,000	$	27,188
Halliburton Co.:
4.50%, 11/15/2041 (a)		25,000		24,781
6.70%, 9/15/2038		25,000		32,240
Nabors Industries, Inc. 9.25%, 1/15/2019		50,000		62,413
National Oilwell Varco, Inc.:
2.60%, 12/1/2022		25,000		23,608
3.95%, 12/1/2042		50,000		46,308

				216,538

FOOD & STAPLES RETAILING — 1.3%
Costco Wholesale Corp.:
1.70%, 12/15/2019		50,000		48,370
5.50%, 3/15/2017		25,000		27,849
CVS Caremark Corp.:
2.75%, 12/1/2022 (a)		50,000		47,197
6.13%, 8/15/2016		20,000		22,267
Sysco Corp. 6.63%, 3/17/2039		25,000		32,222
The Kroger Co.:
3.85%, 8/1/2023		50,000		49,706
6.15%, 1/15/2020		50,000		58,272
Wal-Mart Stores, Inc. 6.20%, 4/15/2038		20,000		25,080
Walgreen Co. 5.25%, 1/15/2019		50,000		56,185

				367,148

FOOD PRODUCTS — 2.5%
Bunge Ltd. Finance Corp. 5.35%, 4/15/2014		50,000		50,072
Campbell Soup Co. 4.25%, 4/15/2021 (a)		25,000		26,120
ConAgra Foods, Inc.:
6.63%, 8/15/2039		25,000		30,164
7.00%, 4/15/2019		50,000		59,383
Corn Products International, Inc. 4.63%, 11/1/2020		50,000		52,940
Delhaize Group SA 5.70%, 10/1/2040		25,000		25,323
General Mills, Inc.:
3.65%, 2/15/2024 (a)		56,000		56,337
5.70%, 2/15/2017 (a)		50,000		56,136
Kellogg Co. 4.15%, 11/15/2019		50,000		53,776
Kraft Foods, Inc. 6.13%, 2/1/2018		35,000		40,283
The Hershey Co. 4.13%, 12/1/2020		50,000		53,803
The Hillshire Brands Co. 2.75%, 9/15/2015		50,000		50,615
Tyson Foods, Inc. 4.50%, 6/15/2022 (a)		100,000		104,241
Unilever Capital Corp. 2.75%, 2/10/2016		50,000		51,859

				711,052

GAS UTILITIES — 0.6%
AGL Capital Corp. 5.25%, 8/15/2019		50,000		55,691
Atmos Energy Corp. 6.35%, 6/15/2017		50,000		55,925
National Grid PLC 6.30%, 8/1/2016		25,000		27,905
Southern California Gas Co. 5.45%, 4/15/2018		35,000		39,716

				179,237

HEALTH CARE EQUIPMENT & SUPPLIES — 1.6%
Baxter International, Inc. 6.25%, 12/1/2037		25,000		31,010
Becton Dickinson and Co. 3.25%, 11/12/2020		25,000		25,397
Boston Scientific Corp. 7.38%, 1/15/2040 (a)		35,000		46,008
C.R. Bard, Inc. 4.40%, 1/15/2021		25,000		26,902
CareFusion Corp. 6.38%, 8/1/2019		50,000		57,032
Covidien International Finance SA 4.20%, 6/15/2020 (a)		50,000		53,247
Medtronic, Inc.:
3.13%, 3/15/2022		50,000		49,998
4.50%, 3/15/2042 (a)		50,000		50,348
St. Jude Medical, Inc. 2.50%, 1/15/2016 (a)		35,000		35,985
Stryker Corp. 2.00%, 9/30/2016		50,000		51,368
Zimmer Holdings, Inc. 5.75%, 11/30/2039		25,000		29,071

				456,366

HEALTH CARE PROVIDERS & SERVICES — 1.8%
Aetna, Inc.:
3.95%, 9/1/2020 (a)		25,000		26,297
6.63%, 6/15/2036		25,000		30,968
AmerisourceBergen Corp. 4.88%, 11/15/2019		50,000		55,216
Cardinal Health, Inc.:
3.20%, 3/15/2023		50,000		48,200
5.80%, 10/15/2016		50,000		55,788
CIGNA Corp. 8.50%, 5/1/2019		50,000		62,973
Coventry Health Care, Inc. 6.30%, 8/15/2014		30,000		30,610
Express Scripts, Inc. 3.13%, 5/15/2016 (a)		20,000		20,907
Humana, Inc. 8.15%, 6/15/2038		25,000		35,061
Laboratory Corp. of America Holdings 4.63%, 11/15/2020 (a)		35,000		37,267
Quest Diagnostics, Inc. 6.40%, 7/1/2017 (a)		15,000		16,965
UnitedHealth Group, Inc. 3.88%, 10/15/2020 (a)		50,000		52,688
WellPoint, Inc. 3.13%, 5/15/2022 (a)		50,000		47,912

				520,852

244

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

HOTELS, RESTAURANTS & LEISURE — 1.9%
Darden Restaurants, Inc. 6.80%, 10/15/2037	$	25,000	$	27,317
International Game Technology 5.50%, 6/15/2020 (a)		35,000		38,072
Marriott International, Inc.:
3.38%, 10/15/2020		83,000		83,251
6.38%, 6/15/2017		50,000		56,045
McDonald’s Corp. 5.35%, 3/1/2018		20,000		22,744
Starbucks Corp. 6.25%, 8/15/2017		35,000		40,446
Starwood Hotels & Resorts Worldwide, Inc. 6.75%, 5/15/2018		75,000		86,730
Wyndham Worldwide Corp.:
2.50%, 3/1/2018 (a)		50,000		49,386
4.25%, 3/1/2022		50,000		50,652
Yum! Brands, Inc.:
3.88%, 11/1/2020		50,000		51,450
6.88%, 11/15/2037		32,000		38,962

				545,055

HOUSEHOLD DURABLES — 1.5%
MDC Holdings, Inc. 5.38%, 7/1/2015		200,000		209,000
Mohawk Industries, Inc. 3.85%, 2/1/2023 (a)		100,000		97,975
Newell Rubbermaid, Inc. 4.70%, 8/15/2020		50,000		53,596
Whirlpool Corp. 4.85%, 6/15/2021 (a)		50,000		54,114

				414,685

HOUSEHOLD PRODUCTS — 0.8%
Church & Dwight Co., Inc. 3.35%, 12/15/2015		25,000		25,716
Colgate-Palmolive Co. 3.15%, 8/5/2015		25,000		25,876
Energizer Holdings, Inc. 4.70%, 5/19/2021		50,000		51,789
Kimberly-Clark Corp. 6.25%, 7/15/2018		25,000		29,443
The Clorox Co. 3.80%, 11/15/2021		50,000		51,415
The Procter & Gamble Co. 1.80%, 11/15/2015		50,000		50,976

				235,215

INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2%
TransAlta Corp. 6.65%, 5/15/2018		50,000		56,790

INDUSTRIAL CONGLOMERATES — 0.8%
3M Co. 1.38%, 9/29/2016		50,000		50,846
Cooper US, Inc. 2.38%, 1/15/2016		25,000		25,500
Koninklijke Philips Electronics NV 6.88%, 3/11/2038		25,000		32,099
Pentair Finance SA 5.00%, 5/15/2021		50,000		53,677
Tyco Electronics Group SA 4.88%, 1/15/2021		50,000		52,712

				214,834

INSURANCE — 8.8%
ACE INA Holdings, Inc.:
2.60%, 11/23/2015 (a)		50,000		51,476
2.70%, 3/13/2023 (a)		25,000		23,649
4.15%, 3/13/2043		25,000		23,685
AEGON Funding Co. LLC 5.75%, 12/15/2020		35,000		39,864
Aegon NV 4.63%, 12/1/2015		150,000		158,990
Aflac, Inc. 6.45%, 8/15/2040		50,000		61,780
American International Group, Inc.:
5.05%, 10/1/2015 (a)		50,000		53,093
5.45%, 5/18/2017		35,000		39,007
6.40%, 12/15/2020 (a)		20,000		23,816
AON Corp. 3.13%, 5/27/2016		35,000		36,338
Assurant, Inc. 6.75%, 2/15/2034		50,000		56,476
AXIS Specialty Finance PLC 2.65%, 4/1/2019		100,000		99,938
Berkshire Hathaway Finance Corp.:
0.95%, 8/15/2016 (a)		50,000		50,188
2.00%, 8/15/2018		50,000		50,077
Berkshire Hathaway, Inc. 4.50%, 2/11/2043 (a)		25,000		24,579
Cincinnati Financial Corp. 6.13%, 11/1/2034		50,000		55,761
CNA Financial Corp. 5.75%, 8/15/2021		25,000		28,669
Endurance Specialty Holdings, Ltd. 7.00%, 7/15/2034		50,000		57,714
Genworth Financial, Inc. 6.52%, 5/22/2018 (a)		100,000		115,219
Hartford Financial Services Group, Inc. 4.30%, 4/15/2043		21,000		19,501
ING US, Inc.:
2.90%, 2/15/2018		50,000		51,174
5.50%, 7/15/2022		50,000		55,897
5.70%, 7/15/2043		25,000		27,857
Lincoln National Corp.:
4.00%, 9/1/2023		150,000		152,052
6.25%, 2/15/2020		25,000		29,251
Loews Corp. 6.00%, 2/1/2035		25,000		28,721
Manulife Financial Corp. 4.90%, 9/17/2020 (a)		120,000		129,905
Markel Corp. 7.13%, 9/30/2019		50,000		60,204
Marsh & McLennan Cos., Inc.:
4.05%, 10/15/2023 (a)		25,000		25,397
4.80%, 7/15/2021		50,000		54,104
5.38%, 7/15/2014		50,000		50,690
MetLife, Inc. 6.82%, 8/15/2018		25,000		29,828
Principal Financial Group, Inc. 8.88%, 5/15/2019		50,000		63,813

245

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Reinsurance Group of America, Inc. 6.45%, 11/15/2019	$	50,000	$	57,568
The Allstate Corp.:
3.15%, 6/15/2023 (a)		100,000		97,607
4.50%, 6/15/2043 (a)		50,000		49,951
The Progressive Corp. 3.75%, 8/23/2021 (a)		50,000		52,215
The Travelers Cos., Inc.:
3.90%, 11/1/2020 (a)		50,000		52,782
4.60%, 8/1/2043		50,000		50,760
Transatlantic Holdings, Inc. 8.00%, 11/30/2039 (a)		25,000		32,883
Travelers Property Casualty Corp. 6.38%, 3/15/2033		50,000		62,194
Unum Group 7.13%, 9/30/2016		50,000		56,816
W.R. Berkley Corp. 6.25%, 2/15/2037		50,000		58,037
XL Group PLC 6.38%, 11/15/2024		50,000		58,885
XLIT, Ltd. 5.75%, 10/1/2021		50,000		57,453

				2,515,864

INTERNET & CATALOG RETAIL — 0.1%
Expedia, Inc. 5.95%, 8/15/2020 (a)		35,000		38,850

INTERNET SOFTWARE & SERVICES — 0.4%
Google, Inc.:
2.13%, 5/19/2016		50,000		51,646
3.63%, 5/19/2021		50,000		52,964

				104,610

IT SERVICES — 1.0%
Fiserv, Inc.:
3.13%, 6/15/2016		35,000		36,571
4.63%, 10/1/2020 (a)		100,000		106,892
International Business Machines Corp. 5.70%, 9/14/2017		50,000		56,985
Leidos Holdings, Inc. 4.45%, 12/1/2020		50,000		50,716
Xerox Corp. 4.50%, 5/15/2021 (a)		45,000		47,682

				298,846

LEISURE PRODUCTS — 0.1%
Mattel, Inc.:
2.50%, 11/1/2016		20,000		20,587
6.20%, 10/1/2040		10,000		11,452

				32,039

LIFE SCIENCES TOOLS & SERVICES — 0.2%
Thermo Fisher Scientific, Inc. 2.25%, 8/15/2016		50,000		51,414

MACHINERY — 2.2%
Caterpillar, Inc. 3.90%, 5/27/2021 (a)		50,000		52,794
Cummins, Inc.:
3.65%, 10/1/2023 (a)		56,000		56,903
7.13%, 3/1/2028		25,000		32,537
Danaher Corp. 5.40%, 3/1/2019		50,000		57,133
Deere & Co. 5.38%, 10/16/2029		25,000		28,870
Dover Corp. 5.38%, 3/1/2041		35,000		39,459
Eaton Corp.:
2.75%, 11/2/2022		25,000		23,663
6.95%, 3/20/2019		25,000		29,701
Illinois Tool Works, Inc. 4.88%, 9/15/2041		25,000		26,432
Ingersoll-Rand Global Holding Co., Ltd. 6.88%, 8/15/2018		35,000		40,888
Parker Hannifin Corp.:
5.50%, 5/15/2018		50,000		56,926
6.25%, 5/15/2038		25,000		30,948
Stanley Black & Decker, Inc. 5.20%, 9/1/2040		35,000		37,710
Xylem, Inc. 3.55%, 9/20/2016		115,000		121,297

				635,261

MEDIA — 3.2%
21st Century Fox America, Inc. 6.20%, 12/15/2034 (a)		50,000		58,279
CBS Corp. 7.88%, 7/30/2030 (a)		75,000		98,508
Comcast Corp. 4.65%, 7/15/2042		50,000		49,952
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.:
5.20%, 3/15/2020 (a)		25,000		27,460
6.38%, 3/1/2041 (a)		25,000		27,140
Discovery Communications LLC 5.63%, 8/15/2019		35,000		39,912
Grupo Televisa SAB 8.50%, 3/11/2032		50,000		64,850
NBCUniversal Media LLC 5.15%, 4/30/2020 (a)		75,000		84,508
Omnicom Group, Inc. 6.25%, 7/15/2019		50,000		58,334
The Interpublic Group of Cos., Inc.:
2.25%, 11/15/2017 (a)		50,000		50,469
4.00%, 3/15/2022		50,000		49,779
The McGraw-Hill Cos., Inc. 6.55%, 11/15/2037		25,000		24,773
The Walt Disney Co.:
0.45%, 12/1/2015		25,000		24,992
2.35%, 12/1/2022 (a)		25,000		23,266
2.75%, 8/16/2021		25,000		24,711
3.70%, 12/1/2042		25,000		22,634
Time Warner Cable, Inc. 6.55%, 5/1/2037		50,000		58,222
Time Warner, Inc. 4.70%, 1/15/2021 (a)		50,000		54,461
Viacom, Inc. 4.25%, 9/15/2015		25,000		26,238
WPP Finance UK 8.00%, 9/15/2014		50,000		51,633

				920,121

METALS & MINING — 1.9%
Alcoa, Inc.:
5.40%, 4/15/2021 (a)		25,000		26,267

246

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.95%, 2/1/2037	$	50,000	$	49,043
Allegheny Technologies, Inc. 9.38%, 6/1/2019		50,000		61,165
BHP Billiton Finance USA, Ltd. 6.50%, 4/1/2019 (a)		35,000		41,918
Freeport-McMoRan Copper & Gold, Inc. 3.55%, 3/1/2022 (a)		50,000		47,812
Glencore Canada Corp. 5.38%, 6/1/2015		50,000		52,332
Newmont Mining Corp. 5.88%, 4/1/2035		25,000		23,208
Nucor Corp. 6.40%, 12/1/2037		25,000		29,033
Reliance Steel & Aluminum Co. 6.85%, 11/15/2036		100,000		108,407
Southern Copper Corp. 7.50%, 7/27/2035		25,000		27,232
Teck Resources, Ltd. 4.75%, 1/15/2022 (a)		28,000		28,667
Vale Overseas, Ltd. 6.88%, 11/10/2039 (a)		25,000		26,928
Xstrata Canada Corp. 6.20%, 6/15/2035		25,000		25,727

				547,739

MULTI-UTILITIES — 1.2%
American Water Capital Corp. 6.09%, 10/15/2017		35,000		39,401
Dominion Resources, Inc. 5.60%, 11/15/2016 (a)		50,000		55,333
MidAmerican Energy Holdings Co. 6.13%, 4/1/2036		50,000		59,660
NSTAR 4.50%, 11/15/2019		25,000		27,003
Sempra Energy 6.00%, 10/15/2039 (a)		25,000		29,779
United Utilities PLC 6.88%, 8/15/2028		50,000		56,363
Veolia Environnement SA 6.75%, 6/1/2038		25,000		29,313
Xcel Energy, Inc. 4.70%, 5/15/2020		50,000		55,147

				351,999

MULTILINE RETAIL — 0.5%
Kohl’s Corp. 6.88%, 12/15/2037		25,000		29,314
Macy’s Retail Holdings, Inc.:
3.88%, 1/15/2022		25,000		25,508
6.70%, 7/15/2034		25,000		30,611
Nordstrom, Inc. 4.00%, 10/15/2021		50,000		52,232

				137,665

OIL, GAS & CONSUMABLE FUELS — 9.7%
Anadarko Petroleum Corp.:
5.95%, 9/15/2016		25,000		27,820
6.45%, 9/15/2036		75,000		88,828
Baker Hughes, Inc. 3.20%, 8/15/2021		50,000		50,588
Boardwalk Pipelines LP 5.88%, 11/15/2016 (a)		25,000		27,168
BP Capital Markets PLC 3.25%, 5/6/2022		50,000		49,646
Buckeye Partners LP 4.88%, 2/1/2021		50,000		52,727
Canadian Natural Resources, Ltd. 6.50%, 2/15/2037		50,000		60,414
Cenovus Energy, Inc.:
5.70%, 10/15/2019		50,000		57,217
6.75%, 11/15/2039 (a)		25,000		31,129
Chevron Corp. 4.95%, 3/3/2019 (a)		35,000		39,548
DCP Midstream Operating LP 3.25%, 10/1/2015		50,000		51,076
Diamond Offshore Drilling, Inc. 5.88%, 5/1/2019 (a)		50,000		57,664
El Paso Natural Gas Co. LLC 8.38%, 6/15/2032 (a)		25,000		33,423
Enbridge Energy Partners LP 4.20%, 9/15/2021 (a)		100,000		103,490
Energy Transfer Partners LP 9.00%, 4/15/2019		25,000		31,654
ENI USA, Inc. 7.30%, 11/15/2027		60,000		77,357
Ensco PLC 4.70%, 3/15/2021		50,000		53,690
Enterprise Products Operating LLC:
3.35%, 3/15/2023		50,000		48,768
4.85%, 3/15/2044 (a)		50,000		50,032
EOG Resources, Inc. 4.40%, 6/1/2020		50,000		54,759
EQT Corp. 6.50%, 4/1/2018		50,000		56,023
Hess Corp.:
5.60%, 2/15/2041		50,000		54,753
7.88%, 10/1/2029		25,000		33,157
Husky Energy, Inc. 5.90%, 6/15/2014		25,000		25,272
Kinder Morgan Energy Partners LP 6.50%, 9/1/2039		35,000		39,992
Magellan Midstream Partners LP 6.55%, 7/15/2019		50,000		59,066
Marathon Oil Corp. 6.60%, 10/1/2037		25,000		31,276
Marathon Petroleum Corp. 5.13%, 3/1/2021 (a)		50,000		55,780
Murphy Oil Corp. 7.05%, 5/1/2029		50,000		57,563
Noble Energy, Inc.:
4.15%, 12/15/2021 (a)		50,000		52,568
8.25%, 3/1/2019		25,000		31,070
Noble Holding International, Ltd. 4.63%, 3/1/2021		50,000		52,408
Occidental Petroleum Corp. 4.10%, 2/1/2021		50,000		53,902
ONEOK Partners LP:
3.25%, 2/1/2016		30,000		31,173
6.13%, 2/1/2041		65,000		73,002
Petro-Canada:
6.05%, 5/15/2018		25,000		28,759
6.80%, 5/15/2038		50,000		63,640

247

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Plains All American Pipeline LP/PAA Finance Corp. 5.75%, 1/15/2020	$	50,000	$	57,504
Rowan Cos., Inc. 7.88%, 8/1/2019		35,000		42,516
Shell International Finance BV 4.30%, 9/22/2019		25,000		27,568
Southern Natural Gas Co. 8.00%, 3/1/2032		25,000		33,214
Spectra Energy Capital LLC:
4.60%, 6/15/2021 (a)		60,000		64,069
8.00%, 10/1/2019		50,000		60,437
Sunoco Logistics Partners Operations LP:
3.45%, 1/15/2023		50,000		47,636
4.65%, 2/15/2022		15,000		15,647
4.95%, 1/15/2043		50,000		47,598
Talisman Energy, Inc.:
5.50%, 5/15/2042 (a)		25,000		24,766
5.85%, 2/1/2037		25,000		25,584
The Williams Cos., Inc. 7.50%, 1/15/2031		50,000		54,116
Total Capital SA 4.25%, 12/15/2021		25,000		27,143
TransCanada Pipelines, Ltd. 6.20%, 10/15/2037 (a)		25,000		30,403
Transocean, Inc.:
6.38%, 12/15/2021 (a)		50,000		56,198
6.80%, 3/15/2038		50,000		54,138
Valero Energy Corp.:
6.63%, 6/15/2037		25,000		30,050
9.38%, 3/15/2019 (a)		35,000		45,933
Weatherford International LLC 6.35%, 6/15/2017		50,000		56,585
Williams Partners LP 4.13%, 11/15/2020 (a)		75,000		77,818
XTO Energy, Inc. 6.25%, 8/1/2017		50,000		57,905

				2,783,230

PAPER & FOREST PRODUCTS — 0.6%
International Paper Co. 9.38%, 5/15/2019		50,000		65,269
Plum Creek Timberlands LP 3.25%, 3/15/2023		100,000		92,436

				157,705

PERSONAL PRODUCTS — 0.3%
Avon Products, Inc. 4.20%, 7/15/2018		25,000		25,677
The Estee Lauder Cos., Inc. 6.00%, 5/15/2037		50,000		59,453

				85,130

PHARMACEUTICALS — 3.7%
Abbott Laboratories 6.15%, 11/30/2037		25,000		31,196
AbbVie, Inc. 4.40%, 11/6/2042 (a)		50,000		48,760
Actavis, Inc. 6.13%, 8/15/2019		25,000		28,764
Allergan, Inc. 5.75%, 4/1/2016 (a)		100,000		109,929
Allergan, Inc./United States 3.38%, 9/15/2020		25,000		25,542
AstraZeneca PLC:
4.00%, 9/18/2042		50,000		46,268
5.90%, 9/15/2017 (a)		25,000		28,709
Bristol-Myers Squibb Co. 6.13%, 5/1/2038 (a)		25,000		30,784
Eli Lilly & Co. 5.20%, 3/15/2017 (a)		50,000		55,589
Express Scripts Holding Co. 6.13%, 11/15/2041 (a)		25,000		29,583
GlaxoSmithKline Capital PLC 1.50%, 5/8/2017		50,000		50,303
GlaxoSmithKline Capital, Inc. 5.38%, 4/15/2034		25,000		28,203
Johnson & Johnson 5.85%, 7/15/2038		25,000		30,865
McKesson Corp. 4.75%, 3/1/2021		50,000		54,698
Mead Johnson Nutrition Co. 4.90%, 11/1/2019		50,000		54,332
Merck & Co, Inc. 3.88%, 1/15/2021		50,000		53,267
Mylan, Inc. 2.60%, 6/24/2018		100,000		100,866
Novartis Capital Corp. 2.90%, 4/24/2015		25,000		25,665
Pfizer, Inc.:
0.90%, 1/15/2017		50,000		49,644
1.50%, 6/15/2018 (a)		25,000		24,684
3.00%, 6/15/2023 (a)		25,000		24,262
4.30%, 6/15/2043		25,000		24,648
Zoetis, Inc.:
3.25%, 2/1/2023 (a)		50,000		48,223
4.70%, 2/1/2043		50,000		49,562

				1,054,346

PROFESSIONAL SERVICES — 0.2%
The Dun & Bradstreet Corp. 2.88%, 11/15/2015		50,000		51,227

REAL ESTATE INVESTMENT TRUSTS — 7.4%
Alexandria Real Estate Equities, Inc. 4.60%, 4/1/2022		100,000		103,621
American Tower Corp. 4.50%, 1/15/2018		50,000		54,038
AvalonBay Communities, Inc. 5.70%, 3/15/2017		50,000		55,101
BioMed Realty LP 3.85%, 4/15/2016		50,000		52,094
Boston Properties LP 4.13%, 5/15/2021		50,000		52,161
Camden Property Trust 4.63%, 6/15/2021		175,000		187,374
DDR Corp.:
3.38%, 5/15/2023		100,000		93,905
4.75%, 4/15/2018		100,000		107,742
Digital Realty Trust LP 3.63%, 10/1/2022 (a)		150,000		138,258
Duke Realty LP 6.75%, 3/15/2020		25,000		28,821

248

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

ERP Operating LP 5.25%, 9/15/2014	$	50,000	$	51,027
HCP, Inc.:
3.75%, 2/1/2019		75,000		78,916
5.38%, 2/1/2021		25,000		27,865
Health Care REIT, Inc. 6.13%, 4/15/2020		100,000		114,334
Hospitality Properties Trust 5.00%, 8/15/2022		100,000		102,711
Host Hotels & Resorts LP:
3.75%, 10/15/2023 (a)		50,000		47,770
6.00%, 10/1/2021		75,000		84,921
Kilroy Realty LP 5.00%, 11/3/2015		50,000		52,810
Kimco Realty Corp. 4.30%, 2/1/2018		50,000		53,623
Liberty Property LP:
4.75%, 10/1/2020		70,000		73,089
6.63%, 10/1/2017		25,000		28,274
Mack-Cali Realty LP 7.75%, 8/15/2019		50,000		59,531
National Retail Properties, Inc. 3.80%, 10/15/2022		100,000		97,959
Realty Income Corp. 6.75%, 8/15/2019		50,000		58,795
Regency Centers LP 5.25%, 8/1/2015		50,000		52,648
Senior Housing Properties Trust 4.30%, 1/15/2016		50,000		51,635
Simon Property Group LP 6.13%, 5/30/2018		50,000		57,997
Ventas Realty LP/Ventas Capital Corp.:
3.13%, 11/30/2015		15,000		15,502
4.75%, 6/1/2021		25,000		26,825
Weyerhaeuser Co.:
4.63%, 9/15/2023 (a)		50,000		52,298
7.38%, 3/15/2032 (a)		50,000		64,132

				2,125,777

ROAD & RAIL — 1.8%
Burlington Northern Santa Fe LLC:
3.00%, 3/15/2023 (a)		50,000		47,627
4.45%, 3/15/2043 (a)		50,000		47,988
Canadian National Railway Co.:
2.85%, 12/15/2021		50,000		49,231
6.20%, 6/1/2036		25,000		31,264
Canadian Pacific Railway Co. 4.45%, 3/15/2023 (a)		50,000		52,484
CSX Corp. 3.70%, 10/30/2020		50,000		51,908
JB Hunt Transport Services, Inc. 3.38%, 9/15/2015		50,000		50,700
Norfolk Southern Corp.:
2.90%, 2/15/2023		32,000		30,470
3.25%, 12/1/2021 (a)		25,000		25,156
Ryder System, Inc. 2.35%, 2/26/2019 (a)		50,000		49,059
Union Pacific Corp.:
4.16%, 7/15/2022		50,000		52,862
4.30%, 6/15/2042 (a)		25,000		23,989

				512,738

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4%
Applied Materials, Inc. 5.85%, 6/15/2041		30,000		33,499
Intel Corp. 4.80%, 10/1/2041		35,000		36,333
Texas Instruments, Inc. 1.38%, 5/15/2014 (a)		50,000		50,055

				119,887

SOFTWARE — 1.0%
CA, Inc. 5.38%, 12/1/2019 (a)		50,000		55,914
Microsoft Corp. 1.63%, 9/25/2015 (a)		50,000		50,808
Oracle Corp.:
1.20%, 10/15/2017		50,000		49,621
6.13%, 7/8/2039		25,000		30,635
Symantec Corp.:
2.75%, 9/15/2015		50,000		51,379
3.95%, 6/15/2022 (a)		50,000		49,737

				288,094

SPECIALTY RETAIL — 2.1%
AutoZone, Inc. 2.88%, 1/15/2023		50,000		46,338
Dollar General Corp. 3.25%, 4/15/2023 (a)		75,000		70,088
Lowe’s Cos., Inc. 3.75%, 4/15/2021 (a)		50,000		52,712
O’Reilly Automotive, Inc. 4.63%, 9/15/2021		25,000		26,508
QVC, Inc.:
5.13%, 7/2/2022		50,000		51,349
5.95%, 3/15/2043 (a)		75,000		75,455
Staples, Inc.:
2.75%, 1/12/2018 (a)		50,000		50,628
4.38%, 1/12/2023 (a)		50,000		48,855
The Gap, Inc. 5.95%, 4/12/2021 (a)		50,000		56,199
The Home Depot, Inc. 5.40%, 9/15/2040 (a)		25,000		28,235
TJX Cos., Inc. 6.95%, 4/15/2019		75,000		88,631

				594,998

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.0%
Computer Sciences Corp.:
2.50%, 9/15/2015		75,000		76,611
4.45%, 9/15/2022		50,000		50,613
EMC Corp. 3.38%, 6/1/2023 (a)		75,000		74,295
Fidelity National Information Services, Inc.:
2.00%, 4/15/2018 (a)		14,000		13,710
3.50%, 4/15/2023		19,000		18,070
Hewlett-Packard Co. 3.00%, 9/15/2016		50,000		52,221

				285,520

249

SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

TEXTILES, APPAREL & LUXURY GOODS — 0.8%
Cintas Corp. No. 2 6.15%, 8/15/2036	$	39,000	$	46,678
NIKE, Inc.:
2.25%, 5/1/2023 (a)		75,000		69,279
3.63%, 5/1/2043		75,000		67,729
V.F. Corp. 6.45%, 11/1/2037		25,000		30,965

				214,651

TOBACCO — 1.0%
Altria Group, Inc.:
2.95%, 5/2/2023		50,000		46,448
4.50%, 5/2/2043		25,000		23,001
9.25%, 8/6/2019		25,000		32,980
Lorillard Tobacco Co. 3.50%, 8/4/2016 (a)		25,000		26,334
Philip Morris International, Inc.:
1.13%, 8/21/2017 (a)		50,000		49,497
3.88%, 8/21/2042 (a)		50,000		44,388
Reynolds American, Inc.:
3.25%, 11/1/2022 (a)		50,000		47,174
7.75%, 6/1/2018		25,000		30,037

				299,859

TRADING COMPANIES & DISTRIBUTORS — 0.6%
GATX Corp.:
2.38%, 7/30/2018		23,000		22,637
2.50%, 7/30/2019		100,000		98,705
8.75%, 5/15/2014		50,000		50,476

				171,818

WIRELESS TELECOMMUNICATION SERVICES — 1.4%
America Movil SAB de CV 6.13%, 3/30/2040 (a)		100,000		112,246
Cellco Partnership/Verizon Wireless Capital LLC 8.50%, 11/15/2018 (a)		7,000		8,878
Deutsche Telekom International Finance BV 8.75%, 6/15/2030 (a)		20,000		28,866
Embarq Corp. 7.08%, 6/1/2016 (a)		50,000		55,750
Koninklijke KPN NV 8.38%, 10/1/2030		35,000		46,947
Rogers Communications, Inc. 5.00%, 3/15/2044 (a)		50,000		50,572
Telefonica Emisiones SAU 3.99%, 2/16/2016		50,000		52,435
US Cellular Corp. 6.70%, 12/15/2033		50,000		49,962

				405,656

TOTAL CORPORATE BONDS & NOTES —
(Cost $27,103,851)				27,549,815

	Shares
SHORT TERM INVESTMENTS — 16.9%
MONEY MARKET FUNDS — 16.9%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		4,229,098		4,229,098
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		586,843		586,843

TOTAL SHORT TERM INVESTMENTS — (g)
(Cost $4,815,941)				4,815,941

TOTAL INVESTMENTS — 113.3% (h)
(Cost $31,919,792)				32,365,756
OTHER ASSETS & LIABILITIES — (13.3)%				(3,800,472	)

NET ASSETS — 100.0%			$	28,565,284


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.3% of net assets as of March 31, 2014, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c)		Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

250

SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 75.3%
AEROSPACE & DEFENSE — 0.9%
L-3 Communications Holdings, Inc. 3.00%, 8/1/2035	$	15,546,000	$	20,715,200

AUTOMOBILES — 4.9%
Ford Motor Co. 4.25%, 11/15/2016 (a)		19,663,000		35,597,895
Navistar International Corp. 3.00%, 10/15/2014 (a)		13,189,000		13,344,630
Tesla Motors, Inc.:
0.25%, 3/1/2019 (a)		18,417,000		16,989,277
1.25%, 3/1/2021 (a)		27,500,000		24,892,148
1.50%, 6/1/2018 (a)		15,258,000		27,382,465

				118,206,415

BIOTECHNOLOGY — 5.4%
Dendreon Corp. 2.88%, 1/15/2016 (a)		12,601,000		9,245,984
Gilead Sciences, Inc. 1.63%, 5/1/2016		26,757,000		83,398,893
Illumina, Inc. 0.25%, 3/15/2016 (b)		20,490,000		37,127,880

				129,772,757

BUILDING PRODUCTS — 2.7%
Cemex SAB de CV:
3.25%, 3/15/2016 (a)		22,287,000		30,675,827
3.75%, 3/15/2018 (a)		13,838,000		19,744,058
4.88%, 3/15/2015		11,780,000		14,435,212

				64,855,097

CAPITAL MARKETS — 0.6%
Ares Capital Corp. 5.75%, 2/1/2016 (a)		13,398,000		14,535,490

COMMUNICATIONS EQUIPMENT — 1.1%
Ciena Corp. 0.88%, 6/15/2017 (a)		10,800,000		10,954,440
JDS Uniphase Corp. 0.63%, 8/15/2033 (a)(b)		15,100,000		15,972,780

				26,927,220

CONTAINERS & PACKAGING — 0.7%
Owens-Brockway Glass Container, Inc. 3.00%, 6/1/2015 (a)(b)		15,253,000		15,716,539

HEALTH CARE EQUIPMENT & SUPPLIES — 0.5%
Hologic, Inc. 2.00%, 3/1/2042 (a)(c)		12,002,000		12,229,438

HEALTH CARE PROVIDERS & SERVICES — 3.2%
LifePoint Hospitals, Inc. 3.50%, 5/15/2014		12,334,000		13,104,875
Molina Healthcare, Inc. 1.13%, 1/15/2020		12,250,000		13,809,915
WellPoint, Inc. 2.75%, 10/15/2042 (a)		34,493,000		50,365,299

				77,280,089

HOTELS, RESTAURANTS & LEISURE — 2.4%
International Game Technology 3.25%, 5/1/2014		18,098,000		18,271,017
MGM Resorts International 4.25%, 4/15/2015		26,414,000		38,026,915

				56,297,932

HOUSEHOLD DURABLES — 2.1%
D.R. Horton, Inc. 2.00%, 5/15/2014 (a)		11,129,000		18,638,293
Jarden Corp.:
1.13%, 3/15/2034 (b)		16,000,000		15,941,600
1.88%, 9/15/2018 (a)		11,500,000		15,979,020

				50,558,913

INSURANCE — 0.6%
Old Republic International Corp. 3.75%, 3/15/2018 (a)		12,280,000		15,245,620

INTERNET & CATALOG RETAIL — 2.5%
priceline.com, Inc.:
0.35%, 6/15/2020 (a)(b)		22,902,000		26,997,565
1.00%, 3/15/2018		23,000,000		32,516,480

				59,514,045

INTERNET SOFTWARE & SERVICES — 7.3%
Ctrip.com International, Ltd. 1.25%, 10/15/2018 (b)		17,700,000		17,627,430
Qihoo 360 Technology Co., Ltd. 2.50%, 9/15/2018 (a)(b)		13,500,000		15,924,330
SINA Corp. 1.00%, 12/1/2018 (b)		18,500,000		17,607,505
TIBCO Software, Inc. 2.25%, 5/1/2032 (a)		13,814,000		13,875,472
VeriSign, Inc. 3.25%, 8/15/2037		28,398,000		46,759,011
Vipshop Holdings, Ltd. 1.50%, 3/15/2019 (a)		14,000,000		14,198,660
Yahoo!, Inc. Zero Coupon, 12/1/2018 (b)(d)		32,850,000		33,373,300
Yandex NV 1.13%, 12/15/2018 (b)		15,800,000		14,566,447

				173,932,155

MARINE — 0.6%
DryShips, Inc. 5.00%, 12/1/2014		14,848,000		14,746,588

MEDIA — 2.7%
Liberty Interactive LLC 0.75%, 3/30/2043 (b)		19,050,000		23,795,355
Liberty Media Corp. 1.38%, 10/15/2023 (a)(b)		22,000,000		20,691,000
XM Satellite Radio, Inc. 7.00%, 12/1/2014 (b)		11,015,000		19,533,230

				64,019,585

METALS & MINING — 3.2%
ArcelorMittal 5.00%, 5/15/2014 (a)		16,556,000		16,751,361
Goldcorp, Inc. 2.00%, 8/1/2014 (a)		18,437,000		18,481,986
Newmont Mining Corp.:
1.25%, 7/15/2014 (a)		14,173,000		14,199,362
1.63%, 7/15/2017 (a)		14,061,000		14,947,265

251

SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Sterlite Industries India, Ltd. 4.00%, 10/30/2014 (a)	$	11,600,000	$	11,623,432

				76,003,406

OIL, GAS & CONSUMABLE FUELS — 3.0%
Chesapeake Energy Corp. 2.50%, 5/15/2037		26,573,000		27,233,339
Cobalt International Energy, Inc. 2.63%, 12/1/2019		30,365,000		28,602,008
Peabody Energy Corp. 4.75%, 12/15/2066 (a)		15,673,000		12,593,255
USEC, Inc. 3.00%, 10/1/2014		10,025,000		4,047,594

				72,476,196

PHARMACEUTICALS — 4.6%
Herbalife, Ltd. 2.00%, 8/15/2019 (b)		25,000,000		21,515,000
Mylan, Inc. 3.75%, 9/15/2015		13,005,000		47,668,657
Salix Pharmaceuticals, Ltd. 1.50%, 3/15/2019		15,400,000		25,815,328
Teva Pharmaceutical Finance Co. LLC Series C 0.25%, 2/1/2026 (a)		12,077,000		15,328,370

				110,327,355

REAL ESTATE INVESTMENT TRUSTS — 1.9%
American Realty Capital Properties, Inc. 3.00%, 8/1/2018		12,850,000		13,632,308
Annaly Capital Management, Inc. 5.00%, 5/15/2015 (a)		15,935,000		16,378,949
Starwood Property Trust, Inc. 4.55%, 3/1/2018 (a)		14,412,000		16,431,842

				46,443,099

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 13.8%
Intel Corp.:
2.95%, 12/15/2035 (a)		36,719,000		43,287,662
3.25%, 8/1/2039 (a)		45,647,000		63,956,924
Linear Technology Corp. Series A 3.00%, 5/1/2027		17,896,000		21,337,580
Microchip Technology, Inc. 2.13%, 12/15/2037		26,159,000		48,382,640
Micron Technology, Inc. 3.00%, 11/15/2043 (a)		23,100,000		25,145,505
Novellus Systems, Inc. 2.63%, 5/15/2041		16,050,000		27,297,840
NVIDIA Corp. 1.00%, 12/1/2018 (b)		34,300,000		37,613,380
SunEdison, Inc.:
2.00%, 10/1/2018 (b)		13,150,000		19,094,589
2.75%, 1/1/2021 (b)		13,800,000		20,411,856
Xilinx, Inc. 2.63%, 6/15/2017 (a)		11,851,000		22,222,995

				328,750,971

SOFTWARE — 5.3%
Akamai Technologies, Inc. Zero Coupon, 2/15/2019 (b)(d)		15,000,000		14,838,900
Electronic Arts, Inc. 0.75%, 7/15/2016 (a)		14,069,000		16,250,399
Nuance Communications, Inc. 2.75%, 11/1/2031 (a)		14,840,000		14,877,100
Salesforce.com, Inc.:
0.25%, 4/1/2018		25,040,000		28,413,138
0.25%, 4/1/2018 (a)(b)		1,500,000		1,702,065
0.75%, 1/15/2015		13,168,000		35,174,230
ServiceNow, Inc. Zero Coupon, 11/1/2018 (a)(b)(d)		13,300,000		14,266,378

				125,522,210

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 3.1%
SanDisk Corp.:
0.50%, 10/15/2020 (a)(b)		34,000,000		37,451,000
1.50%, 8/15/2017		22,744,000		37,401,371

				74,852,371

THRIFTS & MORTGAGE FINANCE — 0.7%
MGIC Investment Corp. 2.00%, 4/1/2020		11,500,000		16,291,360

WIRELESS TELECOMMUNICATION SERVICES — 1.5%
Clearwire Communications LLC/Clearwire Finance, Inc. 8.25%, 12/1/2040 (b)		14,273,000		16,456,769
SBA Communications Corp. 4.00%, 10/1/2014 (a)		6,501,000		19,451,837

				35,908,606

TOTAL CORPORATE BONDS & NOTES —
(Cost $1,584,206,760)				1,801,128,657

	Shares
CONVERTIBLE PREFERRED STOCKS — 23.3%
AEROSPACE & DEFENSE — 1.4%
United Technologies Corp. Zero Coupon, 12/31/2049 (a)		486,000		32,353,020

BANKS — 4.4%
Wells Fargo & Co. Series L 7.50%, 12/31/2049		89,576		105,072,648

DIVERSIFIED FINANCIAL SERVICES — 3.3%
Bank of America Corp. Series L 7.25%, 12/31/2049 (a)		68,933		78,873,828

ELECTRIC UTILITIES — 3.4%
AES Trust III 6.75%, 10/15/2029 (a)		224,478		11,470,826
NextEra Energy, Inc.:
5.60%, 6/1/2015		263,000		16,569,000
5.80%, 9/1/2016		215,000		11,614,300
5.89%, 9/1/2015		295,000		18,092,350
PPL Corp. 8.75%, 5/1/2014 (a)		428,750		23,452,625

				81,199,101

FOOD PRODUCTS — 0.7%
Bunge, Ltd. 4.88%, 12/31/2049		155,500		16,483,000

252

SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value
HEALTH CARE EQUIPMENT & SUPPLIES — 0.5%
Alere, Inc. Series B 3.00%, 12/31/2049 (a)		39,761	$	11,446,794

INSURANCE — 1.1%
MetLife, Inc. 5.00%, 10/8/2014		858,800		26,451,040

MACHINERY — 0.7%
Stanley Black & Decker, Inc. 4.75%, 11/17/2015 (a)		135,882		17,322,237

METALS & MINING — 2.5%
ArcelorMittal 6.00%, 1/15/2016		1,912,450		45,860,551
Cliffs Natural Resources, Inc. 7.00%, 2/1/2016 (a)		681,750		14,132,678

				59,993,229

MULTI-UTILITIES — 1.1%
Dominion Resources Inc.:
6.13%, 4/1/2016		237,450		13,653,375
6.00%, 7/1/2016 (a)		233,000		13,460,410

				27,113,785

OIL, GAS & CONSUMABLE FUELS — 1.8%
CenterPoint Energy, Inc. 3.72%, 9/15/2029 (c)		329,421		17,305,276
Chesapeake Energy Corp. 5.75%, 12/31/2049 (a)(b)		24,150		26,778,727

				44,084,003

REAL ESTATE INVESTMENT TRUSTS — 1.4%
Health Care REIT, Inc. Series I 6.50%, 12/31/2049		317,445		17,627,721
Weyerhaeuser Co. 6.38%, 7/1/2016 (a)		287,000		15,670,200

				33,297,921

WIRELESS TELECOMMUNICATION SERVICES — 1.0%
Crown Castle International Corp. 4.50%, 11/1/2016		226,000		22,914,140

TOTAL CONVERTIBLE PREFERRED STOCKS —
(Cost $530,601,432) (e)				556,604,746

COMMON STOCKS — 0.0% (f)
THRIFTS & MORTGAGE FINANCE — 0.0% (f)
Federal National Mortgage Association (a)(d)(e) (Cost $110,270)		100,000		390,000

SHORT TERM INVESTMENTS — 14.7%
MONEY MARKET FUNDS — 14.7%
State Street Navigator Securities Lending Prime Portfolio (g)(h)		340,377,835		340,377,835
State Street Institutional Liquid Reserves Fund 0.08% (h)(i)		12,125,914		12,125,914

TOTAL SHORT TERM INVESTMENTS — (e)
(Cost $352,503,749)				352,503,749

TOTAL INVESTMENTS — 113.3% (j)
(Cost $2,467,422,211)				2,710,627,152
OTHER ASSETS & LIABILITIES — (13.3)%				(318,840,922	)

NET ASSETS — 100.0%			$	2,391,786,230


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 20.3% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c)		Step-up Bond. Coupon rate increases in increments to maturity. Rate disclosed is as of March 31, 2014. Maturity date disclosed is the ultimate maturity.
(d)		Non-income producing security
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Amount shown represents less than 0.05% of net assets.
(g)		Investments of cash collateral for securities loaned
(h)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(i)		The rate shown is the annualized seven-day yield at period end.
(j)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

REIT = Real Estate Investment Trust

253

SPDR Barclays Mortgage Backed Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

U.S. GOVERNMENT AGENCY MBS TBA — 67.0%
Fannie Mae
2.50%, 15yr TBA (a)	$	1,500,000	$	1,498,828
3.00%, 15yr TBA (a)		1,200,000		1,232,625
3.00%, 30yr TBA (a)		4,150,000		4,006,047
3.50%, 15yr TBA (a)		2,600,000		2,725,531
3.50%, 30yr TBA (a)		7,100,000		7,142,156
4.00%, 15yr TBA (a)		2,200,000		2,327,188
4.00%, 30yr TBA (a)		4,700,000		4,885,062
4.50%, 15yr TBA (a)		550,000		583,258
4.50%, 30yr TBA (a)		7,200,000		7,681,500
5.00%, 15yr TBA (a)		400,000		427,000
5.00%, 30yr TBA (a)		1,500,000		1,635,703
5.50%, 30yr TBA (a)		1,000,000		1,104,219
6.00%, 30yr TBA (a)		1,000,000		1,114,688
Freddie Mac
2.50%, 15yr TBA (a)		1,700,000		1,698,672
3.00%, 15yr TBA (a)		5,350,000		5,489,602
3.00%, 30yr TBA (a)		2,000,000		1,927,188
3.50%, 30yr TBA (a)		6,450,000		6,481,242
4.00%, 30yr TBA (a)		6,500,000		6,744,766
4.50%, 30yr TBA (a)		3,000,000		3,198,281
5.00%, 30yr TBA (a)		500,000		543,359
Ginnie Mae
3.00%, 30yr TBA (a)		2,400,000		2,359,875
3.00%, 30yr TBA (a)		1,000,000		983,281
3.50%, 30yr TBA (a)		3,500,000		3,571,641
3.50%, 30yr TBA (a)		1,500,000		1,530,117
4.00%, 30yr TBA (a)		1,500,000		1,575,703
4.00%, 30yr TBA (a)		2,750,000		2,889,648
4.50%, 30yr TBA (a)		1,700,000		1,833,211
4.50%, 30yr TBA (a)		750,000		808,242
5.00%, 30yr TBA (a)		500,000		547,578
6.00%, 30yr TBA (a)		800,000		900,500

TOTAL U.S. GOVERNMENT AGENCY MBS TBA —
(Cost $79,584,410)				79,446,711

FEDERAL HOME LOAN MORTGAGE CORPORATION — 8.7%
Freddie Mac:
2.50%, 6/1/2028 15yr (b)		376,281		376,353
2.50%, 6/1/2028 15yr (b)		187,355		187,390
3.00%, 2/1/2029 15yr (b)		148,603		152,823
3.00%, 6/1/2043 30yr (b)		249,999		241,110
3.00%, 7/1/2043 30yr (b)		496,429		478,777
3.00%, 8/1/2043 30yr (b)		243,566		234,905
3.00%, 10/1/2043 30yr (b)		1,959,960		1,890,266
3.50%, 1/1/2029 15yr (b)		194,304		203,427
4.50%, 2/1/2039 30yr (b)		449,084		478,086
5.00%, 9/1/2038 30yr (b)		215,534		234,086
5.00%, 12/1/2038 30yr (b)		950,987		1,032,801
5.00%, 1/1/2039 30yr (b)		861,322		935,457
5.00%, 9/1/2039 30yr (b)		473,488		514,241
5.50%, 1/1/2028 20yr (b)		180,522		198,183
5.50%, 9/1/2035 30yr (b)		29,710		32,781
5.50%, 6/1/2036 30yr (b)		122,194		134,145
5.50%, 12/1/2036 30yr (b)		171,186		187,928
5.50%, 7/1/2037 30yr (b)		1,305,957		1,433,679
5.50%, 4/1/2038 30yr (b)		1,180,090		1,295,788
5.50%, 5/1/2038 30yr (b)		20,611		22,631

TOTAL FEDERAL HOME LOAN MORTGAGE CORPORATION —
(Cost $10,123,875)				10,264,857

FEDERAL NATIONAL MORTGAGE ASSOCIATION — 11.2%
Fannie Mae:
5.00%, 9/1/2040 30yr (b)		599,973		655,593
4.00%, 10/1/2043 30yr (b)		983,906		1,023,413
3.50%, 1/1/2044 30yr (b)		447,253		450,268
3.50%, 5/1/2043 30yr (a)(b)		191,329		192,619
3.00%, 5/1/2043 30yr (b)		433,638		418,958
3.00%, 5/1/2043 30yr (b)		482,772		466,428
2.50%, 8/1/2028 15yr (b)		954,455		954,637
2.50%, 7/1/2028 15yr (b)		496,223		496,318
6.00%, 6/1/2040 30yr (b)		502,806		559,594
5.00%, 3/1/2019 15yr (b)		200,000		213,461
4.50%, 11/1/2024 15yr (b)		200,000		213,699
4.00%, 7/1/2021 10yr (b)		200,000		213,211
4.50%, 8/1/2015 10yr (b)		319,482		338,176
5.50%, 9/1/2025 15yr (b)		80,011		87,829
5.00%, 1/1/2024 15yr (b)		473,104		510,064
6.00%, 9/1/2037 30yr (b)		263,847		293,646
5.00%, 9/1/2015 10yr (b)		169,186		179,783
5.00%, 1/1/2017 15yr (b)		137,530		146,727
4.00%, 8/1/2026 15yr (b)		322,617		342,262
3.00%, 8/1/2043 30yr (b)		975,456		942,433
3.00%, 8/1/2043 30yr (b)		163,670		158,129
5.00%, 2/1/2019 15yr (b)		241,465		257,716
4.50%, 9/1/2018 15yr (b)		244,852		259,623
6.00%, 1/1/2037 30yr (b)		276,864		308,134
5.50%, 11/1/2038 30yr (b)		425,415		469,119
3.00%, 4/1/2043 30yr (b)		956,211		923,839
3.00%, 4/1/2043 30yr (b)		951,810		919,586
4.50%, 4/1/2019 10yr (b)		236,328		250,460
4.00%, 2/1/2044 30yr (b)		992,378		1,032,332
4.00%, 5/1/2020 15yr (b)		14,646		15,491

TOTAL FEDERAL NATIONAL MORTGAGE ASSOCIATION —
(Cost $13,297,627)				13,293,548

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION — 12.7%
Ginnie Mae:
5.00%, 12/15/2038 30yr (b)		181,941		199,348
4.50%, 10/20/2043 30yr (b)		300,303		324,383
4.50%, 6/15/2041 30yr (b)		239,299		258,246
3.50%, 1/20/2044 30yr (b)		995,994		1,018,199
3.00%, 12/20/2042 30yr (b)		972,491		959,439
4.50%, 1/20/2044 30yr (a)(b)		497,402		537,287
4.50%, 6/15/2039 30yr (b)		250,000		269,997
5.00%, 5/15/2039 30yr (b)		200,000		219,999
4.00%, 2/15/2040 30yr (b)		67,210		70,761
3.00%, 8/20/2042 30yr (b)		988,342		975,077
5.00%, 11/20/2042 30yr (b)		887,521		972,242
5.00%, 4/20/2043 30yr (b)		831,580		915,426
5.00%, 5/20/2043 30yr (b)		176,051		192,857
4.50%, 7/20/2041 30yr (b)		935,194		1,010,999
5.50%, 3/15/2039 30yr (b)		849,653		947,186
6.00%, 8/15/2040 30yr (b)		187,083		210,632
5.50%, 9/15/2035 30yr (b)		626,702		699,152
5.50%, 7/15/2038 30yr (b)		62,478		69,264

254

SPDR Barclays Mortgage Backed Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

3.50%, 11/20/2042 30yr (b)	$	291,547	$	298,076
5.00%, 3/20/2043 30yr (b)		197,971		217,931
4.00%, 5/20/2042 30yr (b)		485,965		511,409
5.00%, 9/20/2042 30yr (b)		166,409		182,295
4.00%, 8/20/2043 30yr (b)		724,509		762,723
5.00%, 8/20/2043 30yr (b)		853,972		941,566
3.50%, 9/20/2043 30yr (b)		979,136		1,000,966
4.50%, 12/20/2043 30yr (b)		989,872		1,069,247
3.50%, 3/20/2043 30yr (b)		189,422		193,645

TOTAL GOVERNMENT NATIONAL MORTGAGE ASSOCIATION —
(Cost $14,955,473)				15,028,352

	Shares
SHORT TERM INVESTMENT — 68.0%
MONEY MARKET FUND — 68.0%
State Street Institutional Liquid Reserves Fund 0.08% (b)(c)(d)(e) (Cost $80,616,766)		80,616,766		80,616,766

TOTAL INVESTMENTS — 167.6% (f)
(Cost $198,578,151)				198,650,234
OTHER ASSETS & LIABILITIES — (67.6)%				(80,151,037	)

NET ASSETS — 100.0%			$	118,499,197


(a)		When-issued security
(b)		Security, or a portion of the security has been designated as collateral for TBA securities
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedule of Investments).

TBA = To Be Announced

255

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 26.0%
AEROSPACE & DEFENSE — 0.4%
General Dynamics Corp. 2.25%, 11/15/2022 (a)	$	100,000	$	92,351
Honeywell International, Inc.:
4.25%, 3/1/2021		50,000		54,512
5.30%, 3/1/2018		250,000		283,522
5.38%, 3/1/2041		100,000		116,060
L-3 Communications Corp.:
3.95%, 11/15/2016		100,000		106,703
5.20%, 10/15/2019 (a)		135,000		147,222
Lockheed Martin Corp.:
3.35%, 9/15/2021		250,000		254,709
4.07%, 12/15/2042		125,000		117,034
Northrop Grumman Corp.:
3.25%, 8/1/2023		250,000		240,123
5.05%, 11/15/2040		20,000		20,820
Precision Castparts Corp. 2.50%, 1/15/2023		100,000		93,389
Raytheon Co. 2.50%, 12/15/2022		125,000		116,803
Rockwell Collins, Inc.:
3.70%, 12/15/2023		100,000		101,716
4.80%, 12/15/2043		100,000		105,756
The Boeing Co. 6.13%, 2/15/2033		165,000		206,455
United Technologies Corp.:
4.50%, 4/15/2020		60,000		66,075
4.88%, 5/1/2015		100,000		104,741
5.38%, 12/15/2017 (a)		250,000		283,525
5.70%, 4/15/2040		210,000		250,752
6.05%, 6/1/2036		100,000		123,924

				2,886,192

AIR FREIGHT & LOGISTICS — 0.1%
FedEx Corp.:
2.63%, 8/1/2022		100,000		93,132
5.10%, 1/15/2044		50,000		52,070
United Parcel Service, Inc.:
1.13%, 10/1/2017		50,000		49,599
2.45%, 10/1/2022		100,000		94,706
6.20%, 1/15/2038		100,000		126,621

				416,128

AIRLINES — 0.1%
American Airlines 2013-2 Pass Through Trust, Class A 4.95%, 7/15/2024 (b)		194,080		208,394
Continental Airlines 2012-1 Pass Through Trust, Class A 4.15%, 10/11/2025 (c)		97,539		99,734
Continental Airlines 2012-2 Pass Through Trust, Class A 4.00%, 4/29/2026		20,000		20,200
Delta Air Lines 2010-2 Pass Through Trust, Class A 4.95%, 11/23/2020		77,427		84,008
United Airlines 2013-1Pass Through Trust, Class A 4.30%, 2/15/2027 (c)(a)		100,000		102,250
US Airways 2012-2 Pass Through Trust, Class A 4.63%, 12/3/2026 (c)		99,657		104,390

				618,976

AUTO COMPONENTS — 0.1%
Delphi Corp. 4.15%, 3/15/2024 (a)		40,000		40,046
Johnson Controls, Inc.:
4.25%, 3/1/2021		60,000		64,128
5.50%, 1/15/2016		250,000		270,443

				374,617

AUTOMOBILES — 0.0% (d)
Daimler Finance North America LLC 8.50%, 1/18/2031		125,000		186,246

BANKS — 3.1%
Abbey National Treasury Services PLC/London 3.05%, 8/23/2018		100,000		102,850
Australia & New Zealand Banking Group, Ltd. 1.45%, 5/15/2018		250,000		244,457
Bank of Montreal 2.50%, 1/11/2017		225,000		232,776
Bank of Nova Scotia:
1.38%, 12/18/2017		50,000		49,435
1.45%, 4/25/2018		100,000		97,965
2.05%, 10/30/2018 (a)		250,000		248,664
2.90%, 3/29/2016		100,000		104,310
Barclays Bank PLC:
2.50%, 2/20/2019		250,000		250,420
3.90%, 4/7/2015		300,000		310,044
BB&T Corp.:
2.05%, 6/19/2018		250,000		249,676
3.95%, 4/29/2016		100,000		106,196
BNP Paribas SA:
2.70%, 8/20/2018 (a)		100,000		102,024
3.25%, 3/3/2023 (a)		100,000		96,418
3.60%, 2/23/2016		300,000		315,123
5.00%, 1/15/2021		200,000		220,835
Canadian Imperial Bank of Commerce/Canada 1.35%, 7/18/2016		200,000		201,860
Commonwealth Bank of Australia/New York, NY 2.50%, 9/20/2018		225,000		228,213
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands:
4.50%, 1/11/2021		100,000		107,701
5.25%, 5/24/2041		250,000		268,713
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/NY 1.70%, 3/19/2018		250,000		247,975
Corp. Andina de Fomento 3.75%, 1/15/2016		100,000		104,241
Council Of Europe Development Bank 1.25%, 9/22/2016		350,000		353,736
Credit Suisse of New York, NY:
4.38%, 8/5/2020		350,000		377,330
5.40%, 1/14/2020		100,000		111,739

256

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Deutsche Bank AG 4.30%, 5/24/2028 (a)(e)	$	200,000	$	188,696
Deutsche Bank AG London 6.00%, 9/1/2017		250,000		284,369
Discover Bank/Greenwood DE 4.20%, 8/8/2023		125,000		127,661
Export-Import Bank of Korea:
4.00%, 1/14/2024 (a)		300,000		310,431
4.13%, 9/9/2015		200,000		209,400
Fifth Third Bancorp:
1.15%, 11/18/2016		200,000		199,731
3.63%, 1/25/2016		100,000		104,691
4.30%, 1/16/2024 (a)		200,000		201,792
HSBC Holdings PLC:
4.00%, 3/30/2022		500,000		514,657
4.88%, 1/14/2022		100,000		109,829
6.10%, 1/14/2042		35,000		42,210
6.50%, 9/15/2037		250,000		293,527
6.80%, 6/1/2038		100,000		120,986
International Finance Corp.:
1.75%, 9/4/2018		250,000		251,306
2.25%, 4/11/2016		650,000		673,018
Intesa Sanpaolo SpA:
2.38%, 1/13/2017		250,000		249,626
3.88%, 1/16/2018		200,000		205,404
KeyCorp 3.75%, 8/13/2015		100,000		103,748
KFW:
0.75%, 3/17/2017		200,000		198,793
1.88%, 4/1/2019		250,000		249,858
2.13%, 1/17/2023 (a)		200,000		188,592
Korea Development Bank 4.00%, 9/9/2016		100,000		106,481
Kreditanstalt fuer Wiederaufbau:
1.25%, 2/15/2017		225,000		226,983
2.00%, 10/4/2022		125,000		117,449
2.38%, 8/25/2021 (a)		700,000		688,926
2.63%, 2/16/2016		1,950,000		2,028,003
2.75%, 9/8/2020		100,000		102,214
4.50%, 7/16/2018 (a)		215,000		240,801
Landwirtschaftliche Rentenbank:
1.88%, 9/17/2018		400,000		403,301
3.13%, 7/15/2015		200,000		207,205
Lloyds Bank PLC 4.20%, 3/28/2017 (a)		125,000		135,104
National Australia Bank/New York 2.75%, 3/9/2017 (a)		150,000		156,117
Nordic Investment Bank 2.50%, 7/15/2015		350,000		359,758
Oesterreichische Kontrollbank AG 2.00%, 6/3/2016		200,000		205,939
PNC Bank NA 1.30%, 10/3/2016		250,000		251,121
PNC Funding Corp.:
5.13%, 2/8/2020		150,000		169,540
5.25%, 11/15/2015		350,000		372,865
Regions Financial Corp. 2.00%, 5/15/2018		100,000		97,733
Royal Bank of Canada:
0.63%, 12/5/2016		100,000		100,136
1.20%, 9/19/2018		100,000		99,117
1.45%, 9/9/2016		200,000		202,455
2.20%, 7/27/2018		100,000		100,686
2.30%, 7/20/2016		305,000		315,064
Sumitomo Mitsui Banking Corp. 3.95%, 7/19/2023 (a)		250,000		256,350
SunTrust Bank/Atlanta GA 5.00%, 9/1/2015		16,000		16,900
SunTrust Banks, Inc.:
2.75%, 5/1/2023		200,000		187,291
7.25%, 3/15/2018		60,000		70,316
Svenska Handelsbanken AB 2.50%, 1/25/2019 (a)		250,000		251,319
The Korea Development Bank 3.50%, 8/22/2017		250,000		264,921
The Toronto-Dominion Bank:
1.40%, 4/30/2018		100,000		98,188
1.50%, 9/9/2016 (a)		100,000		101,566
2.38%, 10/19/2016		100,000		103,736
Union Bank NA:
2.63%, 9/26/2018		250,000		254,511
5.95%, 5/11/2016		100,000		110,066
US Bancorp:
1.95%, 11/15/2018		250,000		248,977
2.45%, 7/27/2015		100,000		102,457
3.70%, 1/30/2024		250,000		254,398
Wachovia Bank NA 5.85%, 2/1/2037		200,000		239,689
Wachovia Corp.:
5.63%, 10/15/2016		200,000		222,001
5.75%, 2/1/2018		125,000		143,141
Wells Fargo & Co.:
3.45%, 2/13/2023		100,000		96,977
3.50%, 3/8/2022		500,000		509,894
3.68%, 6/15/2016		300,000		318,136
4.13%, 8/15/2023		100,000		101,315
4.48%, 1/16/2024		400,000		413,566
Wells Fargo Capital X 5.95%, 12/1/2086		100,000		100,000
Westpac Banking Corp.:
3.00%, 12/9/2015		350,000		364,154
4.88%, 11/19/2019		300,000		333,662

				21,411,555

BEVERAGES — 0.5%
Anheuser-Busch Cos LLC 6.00%, 11/1/2041		100,000		123,091
Anheuser-Busch InBev Worldwide, Inc.:
3.75%, 7/15/2042		100,000		89,152
5.38%, 1/15/2020		335,000		383,045
6.38%, 1/15/2040		250,000		319,018
7.75%, 1/15/2019		250,000		310,118
8.20%, 1/15/2039		100,000		151,591
Coca-Cola Femsa SAB de CV 2.38%, 11/26/2018 (a)		150,000		149,748
Diageo Capital PLC:
2.63%, 4/29/2023		150,000		139,918
3.88%, 4/29/2043		100,000		91,190
5.75%, 10/23/2017		250,000		285,956
Dr. Pepper Snapple Group, Inc. 3.20%, 11/15/2021 (a)		150,000		148,740

257

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Molson Coors Brewing Co. 5.00%, 5/1/2042	$	50,000	$	52,438
PepsiCo, Inc.:
2.75%, 3/5/2022		150,000		144,536
3.60%, 8/13/2042		100,000		86,293
4.50%, 1/15/2020		100,000		108,672
The Coca-Cola Co.:
1.50%, 11/15/2015		400,000		406,391
3.15%, 11/15/2020		70,000		71,203
3.20%, 11/1/2023		300,000		295,719

				3,356,819

BIOTECHNOLOGY — 0.2%
Amgen, Inc.:
2.50%, 11/15/2016		100,000		103,794
3.88%, 11/15/2021		100,000		104,433
4.10%, 6/15/2021 (a)		100,000		106,179
4.50%, 3/15/2020		50,000		54,082
5.15%, 11/15/2041		324,000		334,298
5.70%, 2/1/2019		100,000		115,897
5.75%, 3/15/2040		55,000		61,686
Celgene Corp. 2.30%, 8/15/2018		100,000		100,360
Genentech, Inc. 4.75%, 7/15/2015		100,000		105,344
Gilead Sciences, Inc.:
4.50%, 4/1/2021 (a)		200,000		218,531
4.80%, 4/1/2044		100,000		103,110
Life Technologies Corp. 6.00%, 3/1/2020		100,000		114,731

				1,522,445

BUILDING MATERIALS — 0.0% (d)
CRH America, Inc. 6.00%, 9/30/2016		100,000		111,297

BUILDING PRODUCTS — 0.0% (d)
Owens Corning 4.20%, 12/15/2022		138,000		134,792

CAPITAL MARKETS — 1.0%
BlackRock, Inc. 3.50%, 3/18/2024		200,000		199,576
HSBC USA, Inc. 1.63%, 1/16/2018 (a)		150,000		148,589
Jefferies Group, Inc.:
5.13%, 4/13/2018		300,000		325,673
6.25%, 1/15/2036		60,000		60,667
6.45%, 6/8/2027		20,000		21,327
Morgan Stanley:
1.75%, 2/25/2016		100,000		101,253
3.75%, 2/25/2023 (a)		100,000		99,434
3.80%, 4/29/2016		500,000		526,469
4.00%, 7/24/2015		81,000		84,237
4.10%, 5/22/2023		250,000		247,074
4.75%, 3/22/2017		100,000		109,024
4.88%, 11/1/2022		63,000		66,058
5.63%, 9/23/2019		150,000		170,458
5.75%, 1/25/2021		500,000		571,737
6.63%, 4/1/2018		390,000		454,222
7.25%, 4/1/2032		118,000		153,330
Northern Trust Corp.:
2.38%, 8/2/2022 (a)		102,000		96,853
3.95%, 10/30/2025 (a)		100,000		100,226
Svensk Exportkredit AB 5.13%, 3/1/2017		205,000		228,715
The Bank Of New York Mellon Corp. 2.10%, 1/15/2019		250,000		247,598
The Bank of New York Mellon Corp.:
2.30%, 7/28/2016		100,000		103,162
3.55%, 9/23/2021		100,000		102,919
The Charles Schwab Corp. 0.85%, 12/4/2015		100,000		100,183
The Goldman Sachs Group, Inc.:
3.63%, 1/22/2023		100,000		98,363
3.70%, 8/1/2015		500,000		518,428
5.35%, 1/15/2016		555,000		596,640
5.95%, 1/15/2027		395,000		429,900
6.13%, 2/15/2033 (a)		400,000		463,877
6.15%, 4/1/2018		500,000		570,840
6.75%, 10/1/2037		250,000		286,039

				7,282,871

CHEMICALS — 0.5%
Agrium, Inc.:
3.15%, 10/1/2022		150,000		142,918
6.13%, 1/15/2041 (a)		20,000		22,994
Airgas, Inc. 3.25%, 10/1/2015		100,000		103,399
CF Industries, Inc.:
3.45%, 6/1/2023		25,000		24,054
5.15%, 3/15/2034		200,000		206,941
E.I. du Pont de Nemours & Co.:
5.25%, 12/15/2016		255,000		283,622
5.75%, 3/15/2019		250,000		290,010
Eastman Chemical Co. 3.60%, 8/15/2022		100,000		99,387
Ecolab, Inc.:
4.35%, 12/8/2021		100,000		108,094
5.50%, 12/8/2041		76,000		86,180
LyondellBasell Industries NV 6.00%, 11/15/2021		200,000		233,321
Monsanto Co. 2.20%, 7/15/2022 (a)		100,000		93,078
Potash Corp. of Saskatchewan, Inc.:
3.63%, 3/15/2024		100,000		99,334
5.88%, 12/1/2036		100,000		117,265
PPG Industries, Inc.:
2.70%, 8/15/2022 (a)		200,000		189,095
6.65%, 3/15/2018		100,000		116,097
Praxair, Inc. 3.00%, 9/1/2021		250,000		249,579
RPM International, Inc. 3.45%, 11/15/2022		100,000		94,790
The Dow Chemical Co.:
5.25%, 11/15/2041		250,000		261,661
8.55%, 5/15/2019		330,000		422,431
The Mosaic Co. 4.25%, 11/15/2023 (a)		75,000		76,835
The Sherwin-Williams Co. 4.00%, 12/15/2042 (a)		88,000		80,867

				3,401,952

258

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

COMMERCIAL SERVICES & SUPPLIES — 0.2%
Block Financial LLC 5.50%, 11/1/2022 (a)	$	100,000	$	106,882
Pitney Bowes, Inc.:
4.75%, 5/15/2018		72,000		77,100
5.60%, 3/15/2018		200,000		221,516
Republic Services, Inc.:
4.75%, 5/15/2023 (a)		250,000		266,286
5.00%, 3/1/2020		100,000		110,692
The Western Union Co.:
2.88%, 12/10/2017		100,000		101,382
5.93%, 10/1/2016		100,000		110,597
6.20%, 11/17/2036 (a)		105,000		104,539
Total System Services, Inc. 2.38%, 6/1/2018		140,000		138,308
Waste Management, Inc. 7.38%, 3/11/2019		100,000		121,537

				1,358,839

COMMUNICATIONS EQUIPMENT — 0.1%
Cisco Systems, Inc.:
1.10%, 3/3/2017		140,000		139,999
2.90%, 3/4/2021		100,000		100,009
4.45%, 1/15/2020		200,000		220,177
5.50%, 1/15/2040 (a)		200,000		228,465
Juniper Networks, Inc.:
4.50%, 3/15/2024 (a)		50,000		50,698
5.95%, 3/15/2041		20,000		20,418

				759,766

CONSTRUCTION & ENGINEERING — 0.0% (d)
ABB Finance USA, Inc. 2.88%, 5/8/2022		150,000		145,650
Fluor Corp. 3.38%, 9/15/2021		80,000		80,313
URS Corp. 5.00%, 4/1/2022 (a)		100,000		99,250

				325,213

CONSUMER FINANCE — 0.2%
Caterpillar Financial Services Corp.:
2.05%, 8/1/2016 (a)		300,000		307,178
7.15%, 2/15/2019		170,000		205,930
John Deere Capital Corp.:
1.05%, 12/15/2016		200,000		200,748
1.95%, 12/13/2018 (a)		150,000		149,577
2.25%, 6/7/2016		200,000		206,617
2.80%, 3/4/2021		100,000		98,828

				1,168,878

CONTAINERS & PACKAGING — 0.0% (d)
Bemis Co., Inc. 4.50%, 10/15/2021		100,000		104,908

DIVERSIFIED CONSUMER SERVICES — 0.1%
Cornell University 5.45%, 2/1/2019		150,000		171,989
Massachusetts Institute of Technology 5.60%, 7/1/2111		100,000		122,627
Stanford University 4.75%, 5/1/2019		110,000		123,234

				417,850

DIVERSIFIED FINANCIAL SERVICES — 2.9%
Air Lease Corp.:
3.38%, 1/15/2019		50,000		50,898
3.88%, 4/1/2021		75,000		75,254
American Express Co.:
1.55%, 5/22/2018		250,000		244,737
2.65%, 12/2/2022		86,000		81,343
8.13%, 5/20/2019		75,000		95,076
American Express Credit Corp.:
2.13%, 7/27/2018		75,000		75,036
2.38%, 3/24/2017		500,000		515,215
Ameriprise Financial, Inc. 5.65%, 11/15/2015		50,000		53,782
AXA Financial, Inc. 7.00%, 4/1/2028		100,000		116,381
Bank of America Corp.:
1.35%, 11/21/2016		150,000		149,798
2.00%, 1/11/2018		100,000		99,627
2.60%, 1/15/2019		114,000		114,340
3.70%, 9/1/2015		185,000		192,216
4.50%, 4/1/2015		800,000		829,735
5.00%, 5/13/2021		500,000		549,336
5.49%, 3/15/2019		200,000		220,803
5.65%, 5/1/2018		150,000		169,394
5.88%, 1/5/2021		70,000		80,723
6.05%, 5/16/2016		200,000		218,597
6.11%, 1/29/2037		350,000		388,456
6.22%, 9/15/2026		100,000		112,143
6.88%, 4/25/2018		330,000		388,104
Bank of America NA:
1.25%, 2/14/2017		250,000		248,737
5.30%, 3/15/2017		385,000		423,493
Capital One Bank USA NA:
1.15%, 11/21/2016		250,000		249,751
8.80%, 7/15/2019		100,000		127,808
Citigroup, Inc.:
1.25%, 1/15/2016		100,000		100,385
1.35%, 3/10/2017		250,000		249,280
3.38%, 3/1/2023		100,000		96,037
4.45%, 1/10/2017		750,000		809,258
4.50%, 1/14/2022		250,000		263,839
4.95%, 11/7/2043 (a)		150,000		152,201
5.38%, 8/9/2020		100,000		112,336
5.50%, 2/15/2017		150,000		165,730
5.88%, 1/30/2042		150,000		171,933
6.00%, 10/31/2033		100,000		107,119
6.13%, 5/15/2018		150,000		172,545
6.63%, 6/15/2032		100,000		114,003
Ford Motor Credit Co. LLC:
2.38%, 1/16/2018		100,000		100,948
5.88%, 8/2/2021		500,000		574,640
7.00%, 4/15/2015		650,000		691,032
General Electric Capital Corp.:
1.00%, 1/8/2016		100,000		100,647
1.63%, 4/2/2018		250,000		248,193
2.25%, 11/9/2015		200,000		205,226
2.90%, 1/9/2017		500,000		522,541
3.10%, 1/9/2023 (a)		100,000		97,550
3.15%, 9/7/2022		200,000		196,714
4.63%, 1/7/2021		100,000		110,040
5.30%, 2/11/2021		100,000		112,347

259

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.63%, 5/1/2018	$	585,000	$	668,657
6.00%, 8/7/2019		150,000		176,025
6.38%, 11/15/2067 (e)		100,000		110,000
6.75%, 3/15/2032		340,000		434,720
6.88%, 1/10/2039		300,000		392,988
General Electric Capital Corp., Series A 6.15%, 8/7/2037		80,000		96,904
HSBC Finance Corp. 5.00%, 6/30/2015 (a)		50,000		52,452
JPMorgan Chase & Co.:
2.35%, 1/28/2019 (a)		150,000		150,045
3.15%, 7/5/2016		150,000		156,566
3.20%, 1/25/2023		100,000		97,106
3.25%, 9/23/2022		250,000		245,353
3.40%, 6/24/2015		150,000		154,799
3.45%, 3/1/2016		500,000		522,787
3.88%, 2/1/2024 (a)		500,000		501,999
4.25%, 10/15/2020		750,000		798,721
4.50%, 1/24/2022		200,000		215,328
6.00%, 1/15/2018		150,000		171,943
6.40%, 5/15/2038		355,000		440,576
JPMorgan Chase Bank NA 6.00%, 10/1/2017		405,000		461,114
Moody’s Corp. 4.50%, 9/1/2022		100,000		102,577
National Rural Utilities Cooperative Finance Corp. 8.00%, 3/1/2032		210,000		293,108
Nomura Holdings, Inc.:
4.13%, 1/19/2016		300,000		315,082
6.70%, 3/4/2020 (a)		21,000		24,736
ORIX Corp. 5.00%, 1/12/2016		100,000		106,655
Private Export Funding Corp.:
1.38%, 2/15/2017		225,000		227,135
2.45%, 7/15/2024		200,000		181,594
Raymond James Financial, Inc. 5.63%, 4/1/2024		100,000		108,767
Royal Bank of Scotland Group PLC 4.38%, 3/16/2016		600,000		638,088
The Nasdaq OMX Group, Inc. 5.55%, 1/15/2020		200,000		218,968
Toyota Motor Credit Corp.:
1.25%, 10/5/2017		250,000		247,614
1.38%, 1/10/2018 (a)		150,000		148,153
2.63%, 1/10/2023		100,000		94,779
3.30%, 1/12/2022		150,000		151,793
UBS AG of Stamford, CT:
4.88%, 8/4/2020		100,000		110,368
5.75%, 4/25/2018		122,000		139,202
5.88%, 12/20/2017		146,000		166,739

				20,468,768

DIVERSIFIED TELECOMMUNICATION SERVICES — 0.9%
AT&T, Inc.:
1.60%, 2/15/2017 (a)		100,000		100,729
2.40%, 8/15/2016		150,000		154,768
3.90%, 3/11/2024		150,000		150,055
4.30%, 12/15/2042 (a)		200,000		177,222
4.35%, 6/15/2045		158,000		140,578
5.63%, 6/15/2016		200,000		220,080
6.50%, 9/1/2037		180,000		209,152
British Telecommunications PLC 9.63%, 12/15/2030		250,000		387,267
Qwest Corp. 6.75%, 12/1/2021		200,000		223,000
Telefonica Emisiones SAU:
3.19%, 4/27/2018		250,000		256,041
5.46%, 2/16/2021		350,000		384,327
Verizon Communications, Inc.:
2.00%, 11/1/2016		500,000		511,948
3.45%, 3/15/2021		200,000		203,615
3.65%, 9/14/2018		250,000		266,246
4.15%, 3/15/2024		150,000		152,945
4.50%, 9/15/2020		229,000		248,699
5.15%, 9/15/2023		500,000		547,560
6.40%, 9/15/2033		273,000		321,857
6.40%, 2/15/2038		200,000		233,933
6.55%, 9/15/2043		550,000		667,429
7.75%, 12/1/2030		400,000		525,752

				6,083,203

ELECTRIC UTILITIES — 1.6%
Ameren Illinois Co. 6.13%, 11/15/2017		100,000		113,777
Appalachian Power Co.:
6.38%, 4/1/2036		70,000		84,817
7.00%, 4/1/2038		26,000		33,851
Arizona Public Service Co. 5.50%, 9/1/2035		100,000		114,312
CenterPoint Energy Houston Electric LLC 2.25%, 8/1/2022		100,000		93,130
Commonwealth Edison Co. 4.70%, 4/15/2015		125,000		130,190
Commonwealth Edison Co., Series 1 5.90%, 3/15/2036		100,000		119,778
Consolidated Edison Co. of New York, Inc.:
4.20%, 3/15/2042		100,000		94,860
4.45%, 6/15/2020 (a)		100,000		108,961
5.50%, 12/1/2039		125,000		141,108
Consumers Energy Co.:
3.95%, 5/15/2043 (a)		100,000		93,650
5.65%, 9/15/2018		100,000		114,918
Delmarva Power & Light Co. 3.50%, 11/15/2023		100,000		100,435
Dominion Gas Holdings LLC 1.05%, 11/1/2016 (b)		100,000		99,772
Duke Energy Carolinas LLC:
4.25%, 12/15/2041		150,000		146,981
7.00%, 11/15/2018		220,000		266,022
Duke Energy Indiana, Inc. 6.12%, 10/15/2035		100,000		118,562
Edison International 3.75%, 9/15/2017		50,000		53,200
Entergy Corp. 4.70%, 1/15/2017		250,000		264,648
Entergy Texas, Inc. 7.13%, 2/1/2019		25,000		29,901
Exelon Generation Co. LLC 4.00%, 10/1/2020		500,000		507,642

260

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Florida Power & Light Co.:
4.05%, 6/1/2042	$	25,000	$	23,961
5.63%, 4/1/2034		15,000		17,613
5.69%, 3/1/2040		65,000		77,369
Georgia Power Co. 4.75%, 9/1/2040		100,000		102,963
Great Plains Energy, Inc. 4.85%, 6/1/2021		120,000		130,065
Hydro Quebec:
2.00%, 6/30/2016		350,000		360,235
8.05%, 7/7/2024		15,000		20,491
Indiana Michigan Power Co. 3.20%, 3/15/2023		100,000		96,400
Jersey Central Power & Light Co. 5.63%, 5/1/2016		250,000		269,625
Kentucky Utilities Co. 1.63%, 11/1/2015		100,000		101,264
LG&E and KU Energy LLC 3.75%, 11/15/2020 (a)		100,000		102,782
National Fuel Gas Co. 3.75%, 3/1/2023		63,000		60,340
Nevada Power Co.:
5.45%, 5/15/2041		60,000		68,935
6.75%, 7/1/2037		15,000		19,356
NextEra Energy Capital Holdings, Inc.:
1.20%, 6/1/2015		50,000		50,213
2.60%, 9/1/2015		100,000		101,847
4.50%, 6/1/2021		200,000		211,243
Nisource Finance Corp.:
4.80%, 2/15/2044		50,000		47,815
6.40%, 3/15/2018		100,000		115,363
Northern States Power Co.:
1.95%, 8/15/2015		100,000		101,528
4.85%, 8/15/2040		100,000		108,273
6.25%, 6/1/2036		150,000		188,634
Ohio Power Co. 6.60%, 2/15/2033		45,000		55,905
Oncor Electric Delivery Co. LLC:
5.30%, 6/1/2042 (a)		30,000		33,037
6.80%, 9/1/2018		100,000		118,134
7.00%, 5/1/2032		115,000		147,706
Pacific Gas & Electric Co.:
3.25%, 6/15/2023		200,000		193,401
4.50%, 12/15/2041		25,000		24,207
4.75%, 2/15/2044		200,000		201,394
PacifiCorp:
3.60%, 4/1/2024 (a)		200,000		202,875
3.85%, 6/15/2021		250,000		264,614
4.10%, 2/1/2042		50,000		47,947
PG&E Corp. 2.40%, 3/1/2019		250,000		247,327
PPL Electric Utilities Corp.:
2.50%, 9/1/2022		100,000		94,761
5.20%, 7/15/2041 (a)		50,000		55,952
Progress Energy, Inc. 7.75%, 3/1/2031		505,000		683,643
PSEG Power LLC 5.13%, 4/15/2020		80,000		88,334
Public Service Co. of Oklahoma 4.40%, 2/1/2021		100,000		107,785
Public Service Electric & Gas Co.:
2.38%, 5/15/2023		150,000		138,860
3.95%, 5/1/2042		25,000		23,519
Puget Energy, Inc. 6.00%, 9/1/2021		100,000		115,530
Puget Sound Energy, Inc. 5.64%, 4/15/2041		106,000		126,319
San Diego Gas & Electric Co.:
4.30%, 4/1/2042		250,000		249,770
6.13%, 9/15/2037		115,000		142,948
South Carolina Electric & Gas Co. 5.45%, 2/1/2041		100,000		114,636
Southern California Edison Co.:
3.88%, 6/1/2021		70,000		74,226
5.50%, 3/15/2040		600,000		698,869
Southwestern Electric Power Co., Series G 6.45%, 1/15/2019		100,000		116,671
Tampa Electric Co.:
2.60%, 9/15/2022		100,000		94,691
6.10%, 5/15/2018		50,000		57,658
The Cleveland Electric Illuminating Co. 7.88%, 11/1/2017		100,000		118,970
The Connecticut Light & Power Co. 6.35%, 6/1/2036		75,000		94,628
The Southern Co. 1.95%, 9/1/2016		350,000		358,175
Virginia Electric and Power Co. 2.75%, 3/15/2023 (a)		100,000		95,276
Westar Energy, Inc. 4.10%, 4/1/2043		100,000		96,130
Western Massachusetts Electric Co. 3.50%, 9/15/2021		150,000		152,150
Wisconsin Electric Power Co. 2.95%, 9/15/2021		250,000		249,757
Wisconsin Power & Light Co. 6.38%, 8/15/2037		100,000		126,837

				11,019,472

ELECTRICAL EQUIPMENT — 0.1%
Agilent Technologies, Inc. 5.50%, 9/14/2015		250,000		267,202
Emerson Electric Co.:
2.63%, 2/15/2023		100,000		95,026
4.88%, 10/15/2019		100,000		111,702
Roper Industries, Inc. 2.05%, 10/1/2018		100,000		97,833

				571,763

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.1%
Arrow Electronics, Inc. 3.00%, 3/1/2018		75,000		76,129
Avnet, Inc. 4.88%, 12/1/2022		100,000		103,202
Corning, Inc. 1.45%, 11/15/2017 (a)		100,000		98,155
Ingram Micro, Inc. 5.00%, 8/10/2022		100,000		101,125

				378,611

261

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

ENERGY EQUIPMENT & SERVICES — 0.2%
Cameron International Corp. 4.50%, 6/1/2021	$	100,000	$	105,732
Halliburton Co.:
6.15%, 9/15/2019		200,000		235,971
7.45%, 9/15/2039		100,000		139,900
Nabors Industries, Inc. 4.63%, 9/15/2021 (a)		150,000		154,961
National Oilwell Varco, Inc. 3.95%, 12/1/2042		100,000		92,617
Weatherford International, Inc. 6.80%, 6/15/2037 (a)		239,000		277,492
Weatherford International, Ltd./Bermuda 6.50%, 8/1/2036		20,000		22,508

				1,029,181

FOOD & STAPLES RETAILING — 0.4%
Costco Wholesale Corp. 1.13%, 12/15/2017		200,000		197,660
CVS Caremark Corp.:
5.75%, 6/1/2017		350,000		395,940
6.25%, 6/1/2027		150,000		182,976
Sysco Corp. 2.60%, 6/12/2022 (a)		100,000		94,624
The Kroger Co.:
5.40%, 7/15/2040		250,000		259,000
6.15%, 1/15/2020		100,000		116,545
6.90%, 4/15/2038		26,000		32,250
8.00%, 9/15/2029		49,000		63,910
Wal-Mart Stores, Inc.:
1.13%, 4/11/2018		100,000		97,989
2.80%, 4/15/2016		650,000		674,495
4.00%, 4/11/2043		100,000		94,170
5.88%, 4/5/2027		200,000		243,550
6.50%, 8/15/2037		250,000		324,165
Walgreen Co.:
4.40%, 9/15/2042		100,000		94,036
5.25%, 1/15/2019		100,000		112,369

				2,983,679

FOOD PRODUCTS — 0.4%
Archer-Daniels-Midland Co. 5.38%, 9/15/2035 (a)		240,000		265,686
Campbell Soup Co. 3.80%, 8/2/2042		100,000		83,836
ConAgra Foods, Inc.:
1.90%, 1/25/2018		250,000		247,782
3.20%, 1/25/2023		100,000		95,571
Delhaize Group SA 5.70%, 10/1/2040		15,000		15,194
General Mills, Inc. 5.70%, 2/15/2017		305,000		342,431
Kellogg Co.:
3.13%, 5/17/2022 (a)		100,000		97,466
3.25%, 5/21/2018		65,000		67,887
Kraft Foods Group, Inc.:
2.25%, 6/5/2017		300,000		307,611
6.13%, 8/23/2018		100,000		116,613
6.88%, 1/26/2039		100,000		128,934
McCormick & Co., Inc. 3.50%, 9/1/2023		71,000		71,694
Mondelez International, Inc.:
4.00%, 2/1/2024		100,000		101,468
5.38%, 2/10/2020		150,000		169,579
6.50%, 2/9/2040 (a)		170,000		212,364
6.88%, 1/26/2039		260,000		335,229
The Hershey Co. 2.63%, 5/1/2023		100,000		94,171
Unilever Capital Corp.:
0.45%, 7/30/2015		100,000		99,865
0.85%, 8/2/2017		100,000		98,116
4.25%, 2/10/2021		150,000		163,333

				3,114,830

GAS UTILITIES — 0.0%
Atmos Energy Corp. 5.50%, 6/15/2041		100,000		114,495
National Grid PLC 6.30%, 8/1/2016		100,000		111,620
ONE Gas, Inc. 2.07%, 2/1/2019 (b)		100,000		99,620

				325,735

HEALTH CARE EQUIPMENT & SUPPLIES — 0.2%
Baxter International, Inc.:
2.40%, 8/15/2022		200,000		186,569
6.25%, 12/1/2037		155,000		192,263
Boston Scientific Corp.:
6.00%, 1/15/2020		100,000		115,123
6.40%, 6/15/2016		100,000		111,260
C.R. Bard, Inc. 1.38%, 1/15/2018		100,000		97,970
CareFusion Corp. 3.30%, 3/1/2023		50,000		46,733
Covidien International Finance SA:
2.80%, 6/15/2015		100,000		102,355
2.95%, 6/15/2023 (a)		100,000		94,376
Medtronic, Inc.:
2.63%, 3/15/2016 (a)		100,000		103,693
3.13%, 3/15/2022		300,000		299,991
St. Jude Medical, Inc. 3.25%, 4/15/2023		150,000		144,569
Stryker Corp.:
1.30%, 4/1/2018		100,000		98,143
4.10%, 4/1/2043 (a)		100,000		95,812

				1,688,857

HEALTH CARE PROVIDERS & SERVICES — 0.4%
Aetna, Inc.:
2.20%, 3/15/2019		100,000		99,473
3.95%, 9/1/2020		150,000		157,784
4.50%, 5/15/2042		150,000		147,506
Cardinal Health, Inc. 1.70%, 3/15/2018		57,000		56,260
CIGNA Corp.:
2.75%, 11/15/2016		150,000		156,222
4.00%, 2/15/2022		50,000		51,743
5.38%, 2/15/2042 (a)		70,000		76,821
Express Scripts Holding Co. 3.90%, 2/15/2022		250,000		256,383
Howard Hughes Medical Institute 3.50%, 9/1/2023		50,000		50,418

262

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Humana, Inc. 4.63%, 12/1/2042	$	100,000	$	95,697
Laboratory Corp. of America Holdings 2.20%, 8/23/2017		200,000		201,828
Quest Diagnostics, Inc.:
2.70%, 4/1/2019		230,000		228,580
6.95%, 7/1/2037		100,000		116,615
UnitedHealth Group, Inc.:
4.63%, 11/15/2041		250,000		252,669
5.95%, 2/15/2041 (a)		20,000		23,976
6.00%, 2/15/2018		200,000		229,556
6.88%, 2/15/2038		56,000		73,792
WellPoint, Inc.:
3.70%, 8/15/2021		100,000		101,218
4.63%, 5/15/2042		100,000		96,774
4.65%, 1/15/2043		100,000		97,123
5.88%, 6/15/2017		100,000		112,367
5.95%, 12/15/2034		68,000		77,837

				2,760,642

HOTELS, RESTAURANTS & LEISURE — 0.2%
Carnival Corp. 3.95%, 10/15/2020		67,000		67,914
Darden Restaurants, Inc. 3.35%, 11/1/2022		100,000		90,056
Marriott International, Inc. 3.38%, 10/15/2020		125,000		125,378
McDonald’s Corp.:
5.35%, 3/1/2018		210,000		238,810
6.30%, 10/15/2037		100,000		127,062
Starbucks Corp. 0.88%, 12/5/2016		71,000		70,692
Starwood Hotels & Resorts Worldwide, Inc. 3.13%, 2/15/2023		78,000		73,583
Wyndham Worldwide Corp. 2.95%, 3/1/2017		200,000		202,738
Yum! Brands, Inc. 3.75%, 11/1/2021 (a)		250,000		253,605

				1,249,838

HOUSEHOLD DURABLES — 0.0% (d)
MDC Holdings, Inc. 5.50%, 1/15/2024		83,000		84,660
Newell Rubbermaid, Inc. 4.70%, 8/15/2020		100,000		107,193
Whirlpool Corp. 4.00%, 3/1/2024		60,000		60,265

				252,118

HOUSEHOLD PRODUCTS — 0.1%
Colgate-Palmolive Co.:
1.30%, 1/15/2017		100,000		100,794
1.95%, 2/1/2023 (a)		100,000		90,264
Kimberly-Clark Corp.:
2.40%, 3/1/2022 (a)		100,000		94,609
5.30%, 3/1/2041		45,000		51,306
6.63%, 8/1/2037		100,000		131,616
The Procter & Gamble Co.:
1.80%, 11/15/2015		350,000		356,828
5.55%, 3/5/2037		100,000		118,013

				943,430

INDUSTRIAL CONGLOMERATES — 0.1%
Cooper US, Inc. 3.88%, 12/15/2020		50,000		52,212
Crane Co. 4.45%, 12/15/2023		50,000		51,102
General Electric Co.:
0.85%, 10/9/2015		75,000		75,350
2.70%, 10/9/2022		250,000		241,916
5.25%, 12/6/2017		100,000		113,261
Koninklijke Philips Electronics NV 3.75%, 3/15/2022		100,000		102,594
Tyco Electronics Group SA 4.88%, 1/15/2021		100,000		105,423

				741,858

INSURANCE — 1.0%
ACE INA Holdings, Inc.:
2.70%, 3/13/2023 (a)		100,000		94,597
5.70%, 2/15/2017		100,000		111,971
Aflac, Inc. 3.45%, 8/15/2015 (a)		100,000		103,704
American International Group, Inc.:
5.45%, 5/18/2017		490,000		546,093
5.60%, 10/18/2016		200,000		221,532
6.25%, 3/15/2087 (c)		100,000		105,500
8.18%, 5/15/2068 (e)		106,000		139,125
8.25%, 8/15/2018		250,000		311,964
AON Corp. 3.13%, 5/27/2016		100,000		103,823
Aon PLC 4.00%, 11/27/2023 (a)		100,000		101,211
Arch Capital Group US, Inc. 5.14%, 11/1/2043		50,000		52,249
Assurant, Inc. 4.00%, 3/15/2023		100,000		98,333
AXA SA 8.60%, 12/15/2030 (c)		100,000		128,000
Berkshire Hathaway Finance Corp.:
2.00%, 8/15/2018 (a)		100,000		100,153
4.30%, 5/15/2043		50,000		47,406
Berkshire Hathaway, Inc.:
1.90%, 1/31/2017		500,000		511,111
3.00%, 2/11/2023		50,000		49,061
3.75%, 8/15/2021 (a)		100,000		105,431
CNA Financial Corp. 7.35%, 11/15/2019		100,000		122,272
Genworth Financial, Inc.:
6.52%, 5/22/2018		110,000		126,741
7.70%, 6/15/2020 (a)		100,000		121,909
Hartford Financial Services Group, Inc. 6.63%, 3/30/2040		100,000		125,104
ING US, Inc. 2.90%, 2/15/2018		100,000		102,347
Lincoln National Corp.:
4.00%, 9/1/2023		100,000		101,368
6.30%, 10/9/2037		100,000		120,120
Markel Corp. 3.63%, 3/30/2023		100,000		97,372
MetLife, Inc.:
4.88%, 11/13/2043		250,000		258,749
5.70%, 6/15/2035		155,000		178,942
6.75%, 6/1/2016		400,000		449,263

263

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Nationwide Financial Services, Inc., Series J 6.75%, 5/15/2067 (c)	$	100,000	$	99,500
Principal Financial Group, Inc. 1.85%, 11/15/2017		150,000		150,102
Prudential Financial, Inc.:
4.50%, 11/16/2021 (a)		600,000		650,472
5.63%, 6/15/2043 (c)(e)		57,000		58,140
5.80%, 11/16/2041		50,000		57,724
The Allstate Corp. 5.95%, 4/1/2036		165,000		196,753
The Chubb Corp.:
5.75%, 5/15/2018		100,000		114,496
6.00%, 5/11/2037		100,000		121,807
The Travelers Cos., Inc.:
3.90%, 11/1/2020 (a)		100,000		105,565
5.75%, 12/15/2017		250,000		286,397
Unum Group 4.00%, 3/15/2024 (a)		100,000		100,609
Willis Group Holdings PLC 5.75%, 3/15/2021 (a)		100,000		110,371
WR Berkley Corp. 4.63%, 3/15/2022		100,000		104,949
XLIT, Ltd. 5.75%, 10/1/2021		100,000		114,905

				7,007,241

INTERNET SOFTWARE & SERVICES — 0.1%
Amazon.com, Inc. 1.20%, 11/29/2017		125,000		123,535
Baidu, Inc. 3.50%, 11/28/2022 (a)		200,000		189,565
eBay, Inc. 0.70%, 7/15/2015		38,000		38,082
Google, Inc. 2.13%, 5/19/2016		100,000		103,293

				454,475

IT SERVICES — 0.2%
Fiserv, Inc. 3.13%, 6/15/2016		100,000		104,490
International Business Machines Corp.:
1.95%, 2/12/2019 (a)		350,000		347,693
4.00%, 6/20/2042		100,000		93,939
5.70%, 9/14/2017		210,000		239,338
5.88%, 11/29/2032		165,000		200,841
7.00%, 10/30/2025		100,000		129,038
Xerox Corp. 2.95%, 3/15/2017		300,000		311,996

				1,427,335

LEISURE PRODUCTS — 0.0% (d)
Mattel, Inc. 2.50%, 11/1/2016		100,000		102,936

LIFE SCIENCES TOOLS & SERVICES — 0.1%
Thermo Fisher Scientific, Inc.:
2.25%, 8/15/2016		350,000		359,899
3.15%, 1/15/2023 (a)		100,000		96,227

				456,126

MACHINERY — 0.2%
Caterpillar, Inc.:
2.60%, 6/26/2022		125,000		118,946
3.80%, 8/15/2042		100,000		89,246
6.05%, 8/15/2036		165,000		200,671
Cummins, Inc. 4.88%, 10/1/2043		100,000		107,299
Danaher Corp. 2.30%, 6/23/2016		100,000		103,441
Deere & Co. 3.90%, 6/9/2042		150,000		139,417
Eaton Corp.:
4.00%, 11/2/2032		165,000		158,587
4.15%, 11/2/2042		100,000		92,794
Flowserve Corp. 4.00%, 11/15/2023		43,000		43,082
Illinois Tool Works, Inc.:
3.90%, 9/1/2042		100,000		91,090
4.88%, 9/15/2041		100,000		105,727
Ingersoll-Rand Global Holding Co., Ltd. 6.88%, 8/15/2018		100,000		116,821
Snap-On, Inc. 4.25%, 1/15/2018		100,000		106,798
Stanley Black & Decker, Inc. 3.40%, 12/1/2021		60,000		60,371
Xylem, Inc. 3.55%, 9/20/2016		150,000		158,214

				1,692,504

MEDIA — 1.1%
21st Century Fox America, Inc.:
4.50%, 2/15/2021		250,000		271,099
6.40%, 12/15/2035		150,000		179,043
8.88%, 4/26/2023		44,000		57,683
CBS Corp. 8.88%, 5/15/2019		200,000		256,898
Comcast Corp.:
4.25%, 1/15/2033		100,000		97,394
4.75%, 3/1/2044		100,000		101,834
5.15%, 3/1/2020 (a)		250,000		280,910
5.85%, 11/15/2015		97,000		105,143
5.88%, 2/15/2018		90,000		103,609
6.40%, 5/15/2038		310,000		380,110
6.50%, 1/15/2017		80,000		91,474
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.:
5.20%, 3/15/2020 (a)		515,000		565,666
6.38%, 3/1/2041		150,000		162,842
Discovery Communications LLC:
4.38%, 6/15/2021		100,000		106,014
6.35%, 6/1/2040 (a)		250,000		289,422
International Game Technology 5.35%, 10/15/2023		100,000		106,513
NBCUniversal Media LLC:
2.88%, 4/1/2016 (a)		100,000		104,231
3.65%, 4/30/2015 (a)		75,000		77,516
5.15%, 4/30/2020		335,000		377,470
News America, Inc. 6.15%, 3/1/2037		240,000		278,988
Omnicom Group, Inc. 4.45%, 8/15/2020		285,000		306,520

264

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

The Walt Disney Co.:
2.75%, 8/16/2021	$	100,000	$	98,843
3.75%, 6/1/2021		100,000		105,360
4.38%, 8/16/2041		100,000		99,825
Thomson Reuters Corp.:
0.88%, 5/23/2016		100,000		99,668
4.70%, 10/15/2019		100,000		109,079
Time Warner Cable, Inc.:
4.00%, 9/1/2021 (a)		100,000		103,626
5.50%, 9/1/2041		250,000		262,066
5.85%, 5/1/2017		230,000		259,066
6.55%, 5/1/2037		350,000		407,553
Time Warner, Inc.:
4.88%, 3/15/2020		600,000		662,894
4.90%, 6/15/2042 (a)		100,000		99,906
7.70%, 5/1/2032		240,000		320,478
Viacom, Inc.:
3.50%, 4/1/2017 (a)		100,000		106,117
3.88%, 12/15/2021 (a)		350,000		360,567

				7,395,427

METALS & MINING — 0.7%
Alcoa, Inc.:
5.40%, 4/15/2021 (a)		150,000		157,601
6.50%, 6/15/2018		100,000		112,118
6.75%, 1/15/2028		100,000		109,168
Allegheny Technologies, Inc. 5.88%, 8/15/2023		100,000		104,297
Barrick Gold Corp. 4.10%, 5/1/2023		100,000		94,784
Barrick North America Finance LLC 5.70%, 5/30/2041		100,000		96,179
Barrick PD Australia Finance Pty Ltd. 4.95%, 1/15/2020 (a)		100,000		105,320
BHP Billiton Finance USA, Ltd.:
2.88%, 2/24/2022		250,000		244,617
5.00%, 9/30/2043		200,000		211,648
6.50%, 4/1/2019		100,000		119,767
Cliffs Natural Resources, Inc. 4.88%, 4/1/2021 (a)		200,000		195,937
Freeport-McMoRan Copper & Gold, Inc.:
2.38%, 3/15/2018		100,000		99,969
3.55%, 3/1/2022		250,000		239,059
3.88%, 3/15/2023		100,000		96,037
5.45%, 3/15/2043		300,000		295,450
Newmont Mining Corp. 6.25%, 10/1/2039		100,000		96,237
Nucor Corp. 5.75%, 12/1/2017		250,000		285,069
Rio Tinto Finance USA PLC:
3.50%, 3/22/2022		250,000		249,734
4.75%, 3/22/2042		250,000		249,776
Rio Tinto Finance USA, Ltd.:
1.88%, 11/2/2015		300,000		305,159
3.75%, 9/20/2021		100,000		102,921
Southern Copper Corp. 5.25%, 11/8/2042		200,000		171,236
Teck Resources, Ltd.:
2.50%, 2/1/2018 (a)		100,000		100,133
3.75%, 2/1/2023		100,000		93,845
6.25%, 7/15/2041		200,000		206,445
Vale Overseas, Ltd.:
4.38%, 1/11/2022 (a)		90,000		89,524
6.88%, 11/21/2036		330,000		354,532
6.88%, 11/10/2039		15,000		16,157

				4,602,719

MULTI-NATIONAL — 1.4%
African Development Bank:
0.75%, 10/18/2016 (a)		150,000		149,821
1.25%, 9/2/2016		200,000		202,399
Asian Development Bank:
0.50%, 6/20/2016		300,000		299,584
1.75%, 3/21/2019		300,000		298,838
2.50%, 3/15/2016		200,000		207,839
European Bank for Reconstruction & Development:
1.63%, 4/10/2018		150,000		151,212
2.50%, 3/15/2016		450,000		467,638
European Investment Bank:
0.50%, 8/15/2016 (a)		350,000		348,502
1.00%, 3/15/2018		125,000		122,694
1.00%, 6/15/2018		250,000		244,204
1.13%, 4/15/2015		1,000,000		1,009,121
1.13%, 9/15/2017		250,000		249,305
1.75%, 3/15/2017 (a)		100,000		102,241
1.88%, 3/15/2019		250,000		249,506
2.50%, 5/16/2016		950,000		988,813
2.50%, 4/15/2021		400,000		398,427
4.00%, 2/16/2021		650,000		710,255
FMS Wertmanagement AoeR 1.00%, 11/21/2017		300,000		296,736
Inter-American Development Bank:
0.88%, 11/15/2016		150,000		150,281
1.75%, 8/24/2018		500,000		502,807
3.00%, 10/4/2023		100,000		100,879
3.88%, 10/28/2041		35,000		33,587
5.13%, 9/13/2016		405,000		447,862
International Bank for Reconstruction & Development:
0.38%, 8/24/2015		50,000		50,049
0.50%, 5/16/2016		150,000		149,959
1.00%, 9/15/2016		600,000		604,035
1.13%, 7/18/2017		250,000		250,221
2.13%, 3/15/2016		200,000		206,504
2.13%, 11/1/2020		200,000		197,494
2.38%, 5/26/2015		300,000		307,332
4.75%, 2/15/2035		80,000		91,803

				9,589,948

MULTI-UTILITIES — 0.2%
American Water Capital Corp. 4.30%, 12/1/2042		100,000		95,924
Black Hills Corp. 4.25%, 11/30/2023		100,000		103,090
Dominion Resources, Inc.:
4.90%, 8/1/2041		250,000		255,419
6.40%, 6/15/2018		250,000		291,257
DTE Energy Co. 6.38%, 4/15/2033		150,000		182,971
MidAmerican Energy Co. 4.80%, 9/15/2043		250,000		263,919

265

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MidAmerican Energy Holdings Co. 6.13%, 4/1/2036	$	255,000	$	304,267
Sempra Energy 2.30%, 4/1/2017		150,000		153,284

				1,650,131

MULTILINE RETAIL — 0.1%
Macy’s Retail Holdings, Inc.:
2.88%, 2/15/2023		114,000		106,320
4.38%, 9/1/2023		90,000		93,514
6.70%, 7/15/2034		50,000		61,222
Nordstrom, Inc. 4.00%, 10/15/2021		100,000		104,465
Target Corp.:
2.90%, 1/15/2022 (a)		250,000		244,938
4.00%, 7/1/2042 (a)		200,000		183,916
5.88%, 7/15/2016		100,000		111,584

				905,959

OIL, GAS & CONSUMABLE FUELS — 2.9%
Anadarko Petroleum Corp.:
5.95%, 9/15/2016		380,000		422,862
6.45%, 9/15/2036		100,000		118,437
Apache Corp.:
5.10%, 9/1/2040		100,000		105,401
5.63%, 1/15/2017 (a)		250,000		277,114
Baker Hughes, Inc. 3.20%, 8/15/2021 (a)		150,000		151,764
Boardwalk Pipelines LP 3.38%, 2/1/2023		170,000		149,065
BP Capital Markets PLC:
1.38%, 5/10/2018		100,000		97,845
2.24%, 5/10/2019		300,000		298,622
2.24%, 9/26/2018		100,000		100,759
3.56%, 11/1/2021		100,000		102,783
4.74%, 3/11/2021		200,000		221,753
Buckeye Partners LP 2.65%, 11/15/2018		100,000		99,511
Canadian Natural Resources, Ltd.:
6.25%, 3/15/2038		105,000		125,091
6.50%, 2/15/2037		250,000		302,069
Cenovus Energy, Inc.:
4.45%, 9/15/2042		100,000		94,069
6.75%, 11/15/2039		100,000		124,515
CenterPoint Energy Resources Corp. 6.13%, 11/1/2017		100,000		113,895
Chevron Corp.:
1.10%, 12/5/2017		100,000		98,835
2.43%, 6/24/2020 (a)		250,000		247,054
CNOOC Finance 2013, Ltd. 3.00%, 5/9/2023 (a)		250,000		225,626
Conoco, Inc. 6.95%, 4/15/2029		100,000		133,024
ConocoPhillips 5.90%, 10/15/2032 (a)		250,000		295,230
ConocoPhillips Canada Funding Co. 5.63%, 10/15/2016		580,000		649,886
Continental Resources, Inc. 5.00%, 9/15/2022		250,000		262,812
DCP Midstream Operating LP 3.88%, 3/15/2023 (a)		50,000		48,887
Devon Energy Corp.:
6.30%, 1/15/2019		100,000		116,002
7.95%, 4/15/2032		200,000		274,694
Ecopetrol SA 5.88%, 9/18/2023 (a)		250,000		273,125
Enbridge Energy Partners LP 9.88%, 3/1/2019		100,000		129,542
Enbridge Energy Partners LP, Series B 7.50%, 4/15/2038		100,000		124,226
EnCana Corp. 5.15%, 11/15/2041 (a)		206,000		209,449
Encana Corp. 5.90%, 12/1/2017		100,000		113,794
Energy Transfer Partners LP:
6.50%, 2/1/2042		250,000		284,892
6.70%, 7/1/2018		100,000		115,680
EnLink Midstream Partners LP 2.70%, 4/1/2019		100,000		100,498
Ensco PLC 4.70%, 3/15/2021		100,000		107,380
Enterprise Products Operating LLC:
3.20%, 2/1/2016		150,000		156,343
4.85%, 8/15/2042		250,000		249,003
5.20%, 9/1/2020 (a)		200,000		224,350
6.30%, 9/15/2017		50,000		57,504
EOG Resources, Inc.:
4.10%, 2/1/2021		100,000		107,546
5.63%, 6/1/2019		129,000		149,145
Exxon Mobil Corp.:
1.82%, 3/15/2019		100,000		99,698
3.18%, 3/15/2024		100,000		100,006
FMC Technologies, Inc. 2.00%, 10/1/2017		100,000		99,898
Hess Corp. 5.60%, 2/15/2041		350,000		383,268
Husky Energy, Inc. 3.95%, 4/15/2022 (a)		250,000		258,388
Kinder Morgan Energy Partners LP:
3.95%, 9/1/2022		500,000		499,090
5.50%, 3/1/2044		100,000		102,568
5.63%, 9/1/2041 (a)		50,000		51,701
5.80%, 3/15/2035		175,000		184,943
Magellan Midstream Partners LP 4.20%, 12/1/2042		100,000		90,910
Marathon Oil Corp. 6.80%, 3/15/2032		100,000		121,760
Marathon Petroleum Corp.:
3.50%, 3/1/2016		55,000		57,636
6.50%, 3/1/2041		49,000		59,497
Nexen, Inc. 5.88%, 3/10/2035		100,000		108,336
Noble Energy, Inc. 5.25%, 11/15/2043		100,000		104,504
Noble Holding International, Ltd.:
3.05%, 3/1/2016		100,000		103,418
3.95%, 3/15/2022 (a)		100,000		99,154
Occidental Petroleum Corp.:
1.50%, 2/15/2018		400,000		395,632
2.50%, 2/1/2016		100,000		103,366
ONEOK Partners LP:
3.20%, 9/15/2018		125,000		129,007

266

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

6.13%, 2/1/2041	$	100,000	$	112,311
Pemex Project Funding Master Trust:
5.75%, 3/1/2018 (c)		100,000		111,350
6.63%, 6/15/2035		215,000		238,112
Petro-Canada:
5.95%, 5/15/2035		100,000		114,926
7.88%, 6/15/2026		180,000		240,082
Petrobras Global Finance BV:
3.00%, 1/15/2019		250,000		236,237
4.38%, 5/20/2023 (a)		150,000		137,440
5.63%, 5/20/2043		83,000		70,365
Petrobras International Finance Co.:
3.50%, 2/6/2017		600,000		605,166
3.88%, 1/27/2016		100,000		102,721
5.75%, 1/20/2020		105,000		109,651
6.75%, 1/27/2041		100,000		97,147
6.88%, 1/20/2040		105,000		103,604
Petroleos Mexicanos:
3.50%, 7/18/2018		100,000		103,000
4.88%, 1/24/2022		500,000		522,500
4.88%, 1/18/2024		150,000		155,437
5.50%, 6/27/2044		125,000		120,938
6.50%, 6/2/2041		150,000		163,875
Phillips 66 5.88%, 5/1/2042		250,000		288,825
Pioneer Natural Resources Co. 7.20%, 1/15/2028		100,000		123,140
Plains All American Pipeline LP/PAA Finance Corp.:
2.85%, 1/31/2023		100,000		93,318
4.30%, 1/31/2043		100,000		92,001
6.50%, 5/1/2018		100,000		117,074
Rowan Cos., Inc. 5.40%, 12/1/2042		100,000		93,828
Schlumberger Investment SA 3.65%, 12/1/2023		42,000		42,551
Shell International Finance BV:
1.13%, 8/21/2017		100,000		99,421
3.10%, 6/28/2015		300,000		309,521
3.25%, 9/22/2015		54,000		56,113
4.55%, 8/12/2043		100,000		102,860
6.38%, 12/15/2038		220,000		283,235
Southern Natural Gas Co. 5.90%, 4/1/2017 (b)		580,000		640,545
Spectra Energy Capital LLC 8.00%, 10/1/2019		100,000		120,874
Statoil ASA:
2.90%, 11/8/2020		120,000		120,623
3.13%, 8/17/2017		100,000		105,568
3.15%, 1/23/2022		50,000		50,118
4.25%, 11/23/2041		50,000		48,604
5.10%, 8/17/2040		225,000		247,719
Suncor Energy, Inc. 6.10%, 6/1/2018		200,000		231,032
Sunoco Logistics Partners Operations LP 4.25%, 4/1/2024		60,000		59,862
Talisman Energy, Inc. 3.75%, 2/1/2021		150,000		148,786
Total Capital International SA:
1.00%, 8/12/2016		250,000		251,040
2.13%, 1/10/2019 (a)		150,000		150,623
2.88%, 2/17/2022		350,000		341,762
TransCanada PipeLines, Ltd.:
2.50%, 8/1/2022		100,000		93,547
6.10%, 6/1/2040		100,000		120,506
6.50%, 8/15/2018		250,000		295,566
TransCanada Pipelines, Ltd. 7.63%, 1/15/2039		100,000		139,658
Transocean, Inc.:
6.00%, 3/15/2018		55,000		61,125
6.80%, 3/15/2038		250,000		270,692
Valero Energy Corp.:
6.13%, 2/1/2020 (a)		65,000		76,047
6.63%, 6/15/2037		100,000		120,202
Western Gas Partners LP 2.60%, 8/15/2018		100,000		100,522
Williams Cos., Inc. 8.75%, 3/15/2032		225,000		272,593
Williams Partners LP:
3.35%, 8/15/2022		100,000		95,926
4.00%, 11/15/2021 (a)		50,000		50,878
5.25%, 3/15/2020		110,000		121,179
6.30%, 4/15/2040		35,000		39,772
XTO Energy, Inc. 6.75%, 8/1/2037		45,000		62,836

				20,297,816

PAPER & FOREST PRODUCTS — 0.1%
Domtar Corp. 6.25%, 9/1/2042		100,000		104,992
Georgia-Pacific LLC 7.25%, 6/1/2028		190,000		239,115
International Paper Co.:
6.00%, 11/15/2041 (a)		20,000		22,900
7.50%, 8/15/2021		250,000		313,818
Plum Creek Timberlands LP 3.25%, 3/15/2023		100,000		92,436

				773,261

PERSONAL PRODUCTS — 0.0% (d)
Avon Products, Inc. 6.95%, 3/15/2043		100,000		100,546
The Estee Lauder Cos., Inc. 3.70%, 8/15/2042		100,000		87,165

				187,711

PHARMACEUTICALS — 1.0%
Abbott Laboratories:
5.13%, 4/1/2019		99,000		112,074
6.00%, 4/1/2039		125,000		154,143
AbbVie, Inc.:
1.75%, 11/6/2017		250,000		250,779
2.90%, 11/6/2022		100,000		96,115
4.40%, 11/6/2042		250,000		243,801
Actavis, Inc.:
3.25%, 10/1/2022 (a)		200,000		191,999
6.13%, 8/15/2019		100,000		115,057
Allergan, Inc. 2.80%, 3/15/2023		100,000		94,249
AstraZeneca PLC:
5.90%, 9/15/2017 (a)		150,000		172,252
6.45%, 9/15/2037		75,000		94,331

267

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Bristol-Myers Squibb Co. 6.13%, 5/1/2038	$	250,000	$	307,842
Eli Lilly & Co. 5.20%, 3/15/2017 (a)		225,000		250,151
Express Scripts Holding Co. 2.65%, 2/15/2017		200,000		207,011
GlaxoSmithKline Capital, Inc.:
5.65%, 5/15/2018		150,000		172,114
6.38%, 5/15/2038		355,000		451,979
Johnson & Johnson:
2.15%, 5/15/2016		100,000		103,178
3.55%, 5/15/2021 (a)		250,000		264,090
4.85%, 5/15/2041		100,000		110,533
McKesson Corp.:
2.85%, 3/15/2023 (a)		100,000		94,115
4.75%, 3/1/2021		100,000		109,396
7.50%, 2/15/2019		100,000		121,095
Medco Health Solutions, Inc. 4.13%, 9/15/2020		100,000		104,683
Merck & Co, Inc.:
2.80%, 5/18/2023		150,000		143,264
4.15%, 5/18/2043		100,000		95,822
6.55%, 9/15/2037		200,000		260,560
Mylan, Inc.:
2.55%, 3/28/2019		56,000		55,576
4.20%, 11/29/2023		50,000		50,483
Novartis Capital Corp.:
3.40%, 5/6/2024		100,000		99,702
4.40%, 5/6/2044		100,000		100,908
Novartis Securities Investment, Ltd. 5.13%, 2/10/2019		300,000		340,467
Perrigo Co. PLC 5.30%, 11/15/2043 (b)		200,000		208,958
Pfizer, Inc. 6.20%, 3/15/2019		135,000		159,990
Sanofi:
2.63%, 3/29/2016		100,000		103,883
4.00%, 3/29/2021		125,000		133,442
Schering-Plough Corp. 6.00%, 9/15/2017		305,000		350,157
Teva Pharmaceutical Finance IV BV 3.65%, 11/10/2021		200,000		199,005
Teva Pharmaceutical Finance IV LLC 2.25%, 3/18/2020		150,000		142,766
Wyeth 5.95%, 4/1/2037		240,000		290,492
Zeneca Wilmington, Inc. 7.00%, 11/15/2023		55,000		69,450
Zoetis, Inc.:
3.25%, 2/1/2023		42,000		40,508
4.70%, 2/1/2043		60,000		59,474

				6,725,894

REAL ESTATE INVESTMENT TRUSTS — 0.6%
American Tower Corp.:
3.40%, 2/15/2019		100,000		102,653
5.00%, 2/15/2024		90,000		94,243
5.90%, 11/1/2021 (a)		100,000		112,421
ARC Properties Operating Partnership LP/Clark Acquisition LLC 4.60%, 2/6/2024 (b)		100,000		99,796
BioMed Realty LP 3.85%, 4/15/2016		25,000		26,047
Boston Properties LP:
4.13%, 5/15/2021		200,000		208,643
5.63%, 11/15/2020		65,000		73,537
Camden Property Trust 4.88%, 6/15/2023		250,000		266,390
DDR Corp. 3.38%, 5/15/2023		100,000		93,905
Digital Realty Trust LP 3.63%, 10/1/2022 (a)		100,000		92,172
Duke Realty LP 6.75%, 3/15/2020 (a)		25,000		28,821
ERP Operating LP:
5.13%, 3/15/2016		250,000		269,415
5.75%, 6/15/2017 (a)		100,000		112,681
HCP, Inc.:
4.20%, 3/1/2024		120,000		121,205
5.38%, 2/1/2021		100,000		111,462
Health Care REIT, Inc.:
4.13%, 4/1/2019 (a)		500,000		530,639
5.25%, 1/15/2022		100,000		109,513
6.20%, 6/1/2016		150,000		164,701
Healthcare Realty Trust, Inc. 3.75%, 4/15/2023		100,000		95,877
Host Hotels & Resorts LP 4.75%, 3/1/2023		50,000		52,082
Kilroy Realty LP 3.80%, 1/15/2023 (a)		100,000		95,764
Liberty Property LP:
3.38%, 6/15/2023		50,000		46,457
4.13%, 6/15/2022		100,000		100,270
4.40%, 2/15/2024		63,000		63,021
National Retail Properties, Inc. 3.30%, 4/15/2023		50,000		46,696
Post Apartment Homes LP 3.38%, 12/1/2022		25,000		23,837
ProLogis LP:
2.75%, 2/15/2019 (a)		125,000		125,435
3.35%, 2/1/2021		100,000		98,444
4.50%, 8/15/2017		20,000		21,514
Realty Income Corp. 5.88%, 3/15/2035		50,000		54,981
Simon Property Group LP 2.15%, 9/15/2017		500,000		507,514
Ventas Realty LP/Ventas Capital Corp.:
2.00%, 2/15/2018		100,000		99,766
2.70%, 4/1/2020		100,000		96,955
Vornado Realty LP 4.25%, 4/1/2015		100,000		102,551
Weyerhaeuser Co. 4.63%, 9/15/2023		200,000		209,192

				4,458,600

ROAD & RAIL — 0.3%
Burlington Northern Santa Fe LLC:
3.45%, 9/15/2021		350,000		355,027
4.38%, 9/1/2042		100,000		94,842
4.95%, 9/15/2041		100,000		103,396
7.00%, 12/15/2025		51,000		64,772

268

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Canadian National Railway Co.:
2.25%, 11/15/2022	$	100,000	$	92,208
2.85%, 12/15/2021		100,000		98,462
Canadian Pacific Railway Co. 9.45%, 8/1/2021		100,000		135,281
Canadian Pacific Railway, Ltd. 4.50%, 1/15/2022		100,000		105,815
CSX Corp.:
6.15%, 5/1/2037		165,000		196,499
6.25%, 4/1/2015		250,000		263,850
Norfolk Southern Corp.:
2.90%, 2/15/2023		35,000		33,326
4.84%, 10/1/2041		100,000		102,638
7.70%, 5/15/2017		230,000		271,936
Ryder System, Inc. 2.50%, 3/1/2018		100,000		99,766
Union Pacific Corp.:
3.65%, 2/15/2024		92,000		92,228
4.82%, 2/1/2044		205,000		213,740

				2,323,786

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.2%
Altera Corp. 2.50%, 11/15/2018		100,000		100,377
Applied Materials, Inc. 5.85%, 6/15/2041		100,000		111,663
Broadcom Corp. 2.50%, 8/15/2022		100,000		91,798
Intel Corp.:
1.35%, 12/15/2017		150,000		149,190
4.25%, 12/15/2042 (a)		150,000		142,687
4.80%, 10/1/2041		185,000		192,045
Texas Instruments, Inc.:
0.45%, 8/3/2015		100,000		99,811
2.38%, 5/16/2016		100,000		103,613
Xilinx, Inc. 3.00%, 3/15/2021		100,000		99,779

				1,090,963

SOFTWARE — 0.2%
CA, Inc. 4.50%, 8/15/2023		150,000		154,236
Microsoft Corp.:
2.38%, 5/1/2023		100,000		92,975
3.00%, 10/1/2020 (a)		400,000		411,615
3.50%, 11/15/2042		100,000		86,515
Oracle Corp.:
1.20%, 10/15/2017		125,000		124,053
2.50%, 10/15/2022		100,000		93,553
5.75%, 4/15/2018		200,000		230,362
6.13%, 7/8/2039		350,000		428,889

				1,622,198

SPECIALTY RETAIL — 0.2%
AutoZone, Inc. 3.13%, 7/15/2023		100,000		93,743
Dollar General Corp. 1.88%, 4/15/2018 (a)		100,000		98,472
Kohl’s Corp.:
3.25%, 2/1/2023 (a)		100,000		93,926
6.00%, 1/15/2033 (a)		100,000		106,948
Lowe’s Cos., Inc.:
2.13%, 4/15/2016		100,000		102,941
5.50%, 10/15/2035		250,000		279,965
The Gap, Inc. 5.95%, 4/12/2021		100,000		112,398
The Home Depot, Inc.:
4.88%, 2/15/2044		100,000		106,826
5.40%, 3/1/2016		255,000		278,240
5.95%, 4/1/2041		250,000		303,761
TJX Cos., Inc. 2.50%, 5/15/2023		100,000		92,801

				1,670,021

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.2%
Apple, Inc.:
0.45%, 5/3/2016		200,000		199,586
1.00%, 5/3/2018		150,000		145,852
2.40%, 5/3/2023 (a)		125,000		116,458
3.85%, 5/4/2043		125,000		110,854
EMC Corp.:
1.88%, 6/1/2018		150,000		149,294
3.38%, 6/1/2023 (a)		100,000		99,060
Fidelity National Information Services, Inc.:
2.00%, 4/15/2018 (a)		29,000		28,399
3.50%, 4/15/2023		50,000		47,551
Hewlett-Packard Co.:
3.00%, 9/15/2016		350,000		365,548
4.05%, 9/15/2022		250,000		253,841
4.30%, 6/1/2021 (a)		100,000		102,947
Seagate HDD Cayman 3.75%, 11/15/2018 (b)		100,000		103,000

				1,722,390

TEXTILES, APPAREL & LUXURY GOODS — 0.0% (d)
Cintas Corp. No. 2 6.15%, 8/15/2036		100,000		119,687
NIKE, Inc. 2.25%, 5/1/2023		50,000		46,186

				165,873

THRIFTS & MORTGAGE FINANCE — 0.1%
Murray Street Investment Trust I 4.65%, 3/9/2017		500,000		540,120
Santander Holdings USA, Inc.:
3.00%, 9/24/2015		30,000		30,687
3.45%, 8/27/2018		100,000		102,986

				673,793

TOBACCO — 0.3%
Altria Group, Inc.:
2.95%, 5/2/2023		100,000		92,895
4.13%, 9/11/2015		250,000		261,980
4.75%, 5/5/2021		60,000		65,401
9.70%, 11/10/2018		68,000		89,417
9.95%, 11/10/2038		33,000		52,825
Lorillard Tobacco Co.:
2.30%, 8/21/2017		100,000		102,032
3.50%, 8/4/2016 (a)		45,000		47,402
Philip Morris International, Inc.:
1.63%, 3/20/2017 (a)		500,000		505,298
2.90%, 11/15/2021		500,000		493,405

269

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.65%, 5/16/2018	$	150,000	$	171,936
Reynolds American, Inc. 4.75%, 11/1/2042 (a)		100,000		93,538

				1,976,129

TRADING COMPANIES & DISTRIBUTORS — 0.0% (d)
GATX Corp.:
2.38%, 7/30/2018		46,000		45,275
2.50%, 3/15/2019		67,000		66,342

				111,617

WIRELESS TELECOMMUNICATION SERVICES — 0.6%
America Movil SAB de CV:
2.38%, 9/8/2016		500,000		514,160
5.00%, 3/30/2020		100,000		109,107
6.13%, 3/30/2040		175,000		196,430
AT&T Corp. 8.00%, 11/15/2031		123,000		169,339
AT&T, Inc.:
4.45%, 5/15/2021		450,000		486,294
5.35%, 9/1/2040		320,000		327,966
6.55%, 2/15/2039		100,000		117,531
Deutsche Telekom International Finance BV 6.75%, 8/20/2018		310,000		368,472
Embarq Corp. 8.00%, 6/1/2036		100,000		104,750
France Telecom SA 4.13%, 9/14/2021 (a)		350,000		360,175
Koninklijke KPN NV 8.38%, 10/1/2030		75,000		100,601
Orange SA 2.13%, 9/16/2015		100,000		101,578
Rogers Communications, Inc.:
4.50%, 3/15/2043		100,000		92,885
6.80%, 8/15/2018		150,000		177,830
US Cellular Corp. 6.70%, 12/15/2033		200,000		199,849
Vodafone Group PLC:
2.95%, 2/19/2023		200,000		187,491
5.63%, 2/27/2017		490,000		549,777

				4,164,235

TOTAL CORPORATE BONDS & NOTES —
(Cost $178,561,154)				182,700,417

FOREIGN GOVERNMENT OBLIGATIONS — 2.1%
Brazilian Government International Bond:
4.88%, 1/22/2021		850,000		903,125
11.00%, 8/17/2040		150,000		170,250
Canada Government International Bond 0.88%, 2/14/2017		250,000		250,017
Chile Government International Bond 3.25%, 9/14/2021		100,000		100,500
China Development Bank Corp. 5.00%, 10/15/2015		100,000		105,411
Colombia Government International Bond:
2.63%, 3/15/2023		350,000		315,000
7.38%, 3/18/2019		200,000		241,000
7.38%, 9/18/2037		250,000		320,000
Export Development Canada:
0.88%, 1/30/2017		100,000		99,851
2.25%, 5/28/2015		200,000		204,619
Federal Republic of Brazil 8.25%, 1/20/2034		360,000		477,000
Israel Government International Bond:
4.00%, 6/30/2022		100,000		104,500
5.13%, 3/26/2019		100,000		113,000
Italy Government International Bond 5.25%, 9/20/2016		500,000		541,671
Japan Bank for International Cooperation:
1.13%, 7/19/2017		200,000		199,371
3.38%, 7/31/2023		200,000		202,579
Japan Finance Corp. 2.25%, 7/13/2016		250,000		258,323
Japan Finance Organization for Municipalities 4.00%, 1/13/2021		100,000		108,216
Mexico Government International Bond:
3.63%, 3/15/2022		934,000		935,868
4.75%, 3/8/2044		200,000		191,000
5.75%, 10/12/2049		300,000		295,500
6.75%, 9/27/2034		50,000		61,250
Oesterreichische Kontrollbank AG 1.13%, 5/29/2018		200,000		196,571
Panama Government International Bond:
5.20%, 1/30/2020 (c)		50,000		55,350
6.70%, 1/26/2036		200,000		234,500
Philippine Government International Bond:
4.00%, 1/15/2021		350,000		367,937
5.00%, 1/13/2037		200,000		218,250
7.75%, 1/14/2031		300,000		409,500
8.38%, 6/17/2019		100,000		127,000
Poland Government International Bond:
5.00%, 3/23/2022		100,000		108,981
5.13%, 4/21/2021		450,000		498,937
Province of British Columbia Canada 2.10%, 5/18/2016		350,000		361,572
Province of New Brunswick Canada 2.75%, 6/15/2018		200,000		208,248
Province of Nova Scotia Canada 5.13%, 1/26/2017		100,000		111,201
Province of Ontario Canada:
2.30%, 5/10/2016		300,000		310,524
2.70%, 6/16/2015		300,000		308,402
3.00%, 7/16/2018		1,000,000		1,051,303
Province of Quebec Canada 7.50%, 9/15/2029		455,000		631,489
Republic of Italy 6.88%, 9/27/2023		200,000		241,259
Republic of Peru:
7.13%, 3/30/2019 (c)		100,000		121,500
8.75%, 11/21/2033		250,000		367,500
Republic of South Africa 5.50%, 3/9/2020		200,000		216,800

270

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

South Africa Government International Bond 4.67%, 1/17/2024	$	250,000	$	248,125
Turkey Government International Bond:
6.00%, 1/14/2041		300,000		295,500
6.63%, 2/17/2045		100,000		105,800
6.75%, 4/3/2018		500,000		553,950
6.88%, 3/17/2036		300,000		327,030
7.38%, 2/5/2025		425,000		488,920
Uruguay Government International Bond 7.63%, 3/21/2036		200,000		256,000

TOTAL FOREIGN GOVERNMENT OBLIGATIONS —
(Cost $14,878,267)				14,620,200

U.S. GOVERNMENT AGENCY MBS TBA — 13.4%
Fannie Mae
2.50%, 15yr TBA (f)		3,000,000		2,997,656
3.00%, 15yr TBA (f)		5,800,000		5,957,687
3.00%, 30yr TBA (f)		1,500,000		1,447,969
3.50%, 15yr TBA (f)		4,350,000		4,560,023
3.50%, 30yr TBA (f)		8,900,000		8,952,844
4.00%, 15yr TBA (f)		1,000,000		1,057,813
4.00%, 30yr TBA (f)		6,550,000		6,807,906
4.50%, 30yr TBA (f)		6,000,000		6,401,250
5.00%, 30yr TBA (f)		4,200,000		4,579,969
5.50%, 30yr TBA (f)		4,000,000		4,416,875
Freddie Mac
2.50%, 15yr TBA (f)		4,000,000		3,996,875
3.00%, 15yr TBA (f)		2,970,000		3,047,498
3.00%, 30yr TBA (f)		1,000,000		963,594
3.50%, 30yr TBA (f)		5,750,000		5,777,852
4.00%, 30yr TBA (f)		7,500,000		7,782,422
4.50%, 30yr TBA (f)		4,000,000		4,264,375
Ginnie Mae
3.50%, 30yr TBA (f)		6,800,000		6,936,531
4.00%, 30yr TBA (f)		500,000		525,391
4.00%, 30yr TBA (f)		8,150,000		8,561,320
4.50%, 30yr TBA (f)		3,500,000		3,771,797
5.00%, TBA (f)		1,000,000		1,095,156
6.00%, 30yr TBA (f)		200,000		225,125

TOTAL U.S. GOVERNMENT AGENCY MBS TBA —
(Cost $94,315,342)				94,127,928

U.S. GOVERNMENT AGENCY OBLIGATIONS — 17.4%
Federal Farm Credit Bank 4.88%, 12/16/2015		750,000		807,883
Federal Home Loan Bank
0.38%, 8/28/2015 (a)		500,000		500,938
0.58%, 7/29/2016		250,000		248,756
1.75%, 12/14/2018		500,000		497,881
1.88%, 3/13/2020 (a)		250,000		246,474
4.75%, 12/16/2016		500,000		552,928
4.88%, 5/17/2017		1,200,000		1,342,314
5.00%, 11/17/2017 (a)		300,000		340,177
5.38%, 5/18/2016 (a)		1,250,000		1,379,117
5.50%, 7/15/2036		250,000		306,927
Federal Home Loan Mortgage Corp.
0.50%, 5/13/2016		1,000,000		999,739
0.88%, 2/22/2017 (a)		300,000		299,736
1.00%, 3/8/2017		1,000,000		1,002,497
1.00%, 7/28/2017 (a)		750,000		747,583
1.25%, 10/2/2019 (a)		200,000		191,863
2.38%, 1/13/2022 (a)		2,350,000		2,301,721
2.50%, 9/1/2028		487,277		487,370
3.00%, 2/1/2029		822,272		845,622
3.00%, 4/1/2043		946,657		912,995
3.00%, 4/1/2043		2,394,000		2,308,872
3.00%, 7/1/2043		976,094		941,385
3.00%, 8/1/2043		499,999		482,220
3.50%, 5/1/2026		1,299,011		1,359,634
3.50%, 1/1/2029		388,608		406,853
3.50%, 8/1/2043		1,965,550		1,976,662
4.00%, 11/1/2014		27,401		28,915
4.00%, 4/1/2019		48,241		51,172
4.00%, 4/1/2024		276,255		293,041
4.00%, 5/1/2025		177,574		188,380
4.00%, 6/1/2025		348,830		370,057
4.00%, 8/1/2025		94,234		99,968
4.00%, 9/1/2025		36,467		38,686
4.00%, 6/1/2026		973,660		1,032,910
4.38%, 7/17/2015		500,000		526,875
4.50%, 6/1/2014		30,464		32,263
4.50%, 5/1/2019		470,689		498,493
4.50%, 9/1/2024		12,046		12,884
4.50%, 10/1/2024		385,059		411,850
4.50%, 4/1/2038		1,283,998		1,368,655
4.50%, 2/1/2039		9,151		9,759
4.50%, 2/1/2039 (f)		1,673,319		1,781,383
4.50%, 6/1/2040		18,269		19,496
4.50%, 4/1/2041		20,011		21,368
4.50%, 8/1/2041		81,159		86,663
4.50%, 10/1/2043		54,811		58,473
5.00%, 2/16/2017		800,000		893,129
5.00%, 4/18/2017 (a)		723,000		810,432
5.00%, 3/1/2018		330,561		355,805
5.00%, 11/1/2035		60,450		65,848
5.00%, 12/1/2036		8,990		9,765
5.00%, 12/1/2036		8,650		9,395
5.00%, 2/1/2038		468,778		509,126
5.00%, 2/1/2038		620,569		673,982
5.00%, 2/1/2038		1,475		1,602
5.00%, 3/1/2038		409,614		444,870
5.00%, 3/1/2038		409,301		444,513
5.00%, 6/1/2038		196,803		213,742
5.00%, 11/1/2038		1,156,658		1,256,165
5.00%, 11/1/2038		570,267		619,350
5.00%, 1/1/2039		233,735		253,853
5.00%, 2/1/2039		532,159		577,333
5.00%, 10/1/2039		144,859		157,328
5.50%, 6/1/2020		479,746		526,742
5.50%, 4/1/2021		41,369		45,323
5.50%, 2/1/2022		18,718		20,565
5.50%, 4/1/2022		141,353		154,864
5.50%, 11/1/2026		164,174		180,344
5.50%, 6/1/2027		46,474		51,020
5.50%, 4/1/2028		67,831		74,672
5.50%, 7/1/2028		114,816		126,290
5.50%, 7/1/2033		3,905		4,329
5.50%, 1/1/2037		498,198		546,922
5.50%, 1/1/2037		147,320		161,728

271

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.50%, 9/1/2037	$	6,160	$	6,763
5.50%, 11/1/2037		32,274		35,434
5.50%, 1/1/2038		325,563		357,441
5.50%, 4/1/2038		958,577		1,052,558
5.50%, 7/1/2038		2,977		3,269
5.50%, 7/1/2038		1,401,429		1,538,827
5.50%, 10/1/2038		22,130		24,299
5.50%, 11/1/2038		8,800		9,662
6.00%, 8/1/2031		25,902		29,168
6.00%, 3/1/2036		25,755		28,579
6.00%, 8/1/2036		258,423		286,759
6.00%, 1/1/2037		23,726		26,328
6.00%, 12/1/2037		25,066		27,816
6.00%, 10/1/2038		23,363		25,925
6.00%, 3/1/2040		23,399		25,964
6.00%, 5/1/2040		2,689,554		2,984,608
6.50%, 11/1/2037		421,736		473,429
6.50%, 2/1/2038		66,394		74,520
6.50%, 9/1/2038		815,741		915,727
6.50%, 9/1/2039		285,524		320,498
6.75%, 3/15/2031		450,000		623,231
Federal National Mortgage Association
0.50%, 5/27/2015 (a)		1,000,000		1,003,633
0.50%, 7/2/2015 (a)		500,000		501,851
0.50%, 9/28/2015		500,000		501,753
0.50%, 3/30/2016		1,000,000		1,000,772
0.52%, 5/20/2016		200,000		199,592
0.52%, 5/27/2016		100,000		99,595
0.88%, 8/28/2017 (a)		1,000,000		989,948
0.88%, 12/20/2017 (a)		250,000		246,057
0.88%, 5/21/2018		1,000,000		974,421
1.13%, 4/27/2017 (a)		1,000,000		1,004,624
1.63%, 11/27/2018 (a)		600,000		598,220
1.75%, 1/30/2019		100,000		99,320
1.88%, 2/19/2019 (a)		250,000		250,754
2.00%, 9/21/2015		250,000		256,397
2.25%, 3/15/2016		300,000		310,027
2.38%, 7/28/2015		300,000		308,541
2.38%, 4/11/2016 (a)		250,000		259,534
2.50%, 8/1/2028		952,517		952,699
3.00%, 1/1/2043		1,876,986		1,813,442
3.00%, 3/1/2043		2,144,342		2,071,747
3.00%, 5/1/2043		2,889,173		2,791,361
3.00%, 6/1/2043		1,449,963		1,400,875
3.00%, 6/1/2043		1,927,902		1,862,634
3.00%, 7/1/2043		1,312,978		1,268,527
3.50%, 10/1/2042		1,091,841		1,099,192
3.50%, 7/1/2043		1,922,658		1,935,621
4.00%, 8/1/2018		3,895		4,119
4.00%, 8/1/2018		989,821		1,046,819
4.00%, 1/1/2020		6,284		6,652
4.00%, 4/1/2024		363,940		385,837
4.00%, 1/1/2025		363,892		385,786
4.00%, 3/1/2026		239,019		253,750
4.00%, 12/1/2040		1,801,309		1,873,421
4.00%, 3/1/2041		2,314,490		2,407,173
4.00%, 2/1/2042		1,383,484		1,438,903
4.38%, 10/15/2015		250,000		265,523
4.50%, 4/1/2023		4,276		4,567
4.50%, 4/1/2023		839,839		896,952
4.50%, 8/1/2023		1,630		1,741
4.50%, 4/1/2039		1,719,819		1,835,361
4.50%, 10/1/2040		863,012		921,627
4.50%, 2/1/2041		1,780,774		1,902,904
5.00%, 11/1/2014		16,585		17,624
5.00%, 5/1/2015		280,704		298,285
5.00%, 10/1/2015		37,886		40,261
5.00%, 12/1/2015		337,902		359,065
5.00%, 2/1/2016		46,739		49,666
5.00%, 5/11/2017		510,000		572,145
5.00%, 6/1/2018		109,458		116,504
5.00%, 7/1/2035		1,577,298		1,726,128
5.38%, 6/12/2017		1,000,000		1,135,239
5.50%, 7/1/2035		746,296		827,073
5.50%, 6/1/2038		108,982		120,178
5.50%, 6/1/2038		131,163		144,638
6.00%, 6/1/2017		149		149
6.00%, 2/1/2037		780,682		868,854
6.00%, 10/1/2039		1,116,537		1,242,444
6.00%, 4/1/2040		1,427,721		1,588,956
6.63%, 11/15/2030		150,000		205,531
7.13%, 1/15/2030		525,000		747,004
Government National Mortgage Association
3.00%, 12/15/2042		446,832		440,834
3.00%, 12/15/2042		1,417,379		1,398,354
3.00%, 2/20/2043		2,385,707		2,351,436
3.00%, 4/20/2043		2,842,290		2,801,461
3.00%, 6/20/2043		1,931,746		1,903,996
3.50%, 2/15/2042		1,868,859		1,910,246
3.50%, 4/15/2043		1,268,328		1,296,519
3.50%, 10/20/2043		982,933		1,004,848
3.50%, 12/20/2043		496,811		507,888
4.00%, 6/15/2040		167,327		176,167
4.50%, 3/15/2038		1,279,711		1,386,847
4.50%, 6/15/2039		179,696		194,070
4.50%, 7/15/2039		571,177		616,864
4.50%, 6/15/2040		1,700,093		1,837,958
4.50%, 6/15/2040		43,600		47,136
4.50%, 12/15/2041		165,956		179,097
4.50%, 1/15/2042		500,000		539,994
5.00%, 4/15/2039		4,189,266		4,608,166
5.00%, 4/15/2039		5,880		6,468
5.00%, 5/15/2039		300,000		329,998
5.50%, 6/15/2038		855,798		948,741
5.50%, 7/15/2038		1,095,771		1,214,775
5.50%, 2/15/2039		179,338		198,815
6.00%, 1/15/2038		99,399		111,911
6.00%, 4/15/2038		547,394		615,734
6.00%, 6/15/2041		483,141		543,957
Tennessee Valley Authority
3.88%, 2/15/2021		65,000		70,246
4.63%, 9/15/2060		14,000		13,665
5.25%, 9/15/2039		450,000		507,981
7.13%, 5/1/2030		66,000		90,182

TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS —
(Cost $122,248,707)				121,825,650

U.S. TREASURY OBLIGATIONS — 35.2%
Treasury Bonds
2.75%, 8/15/2042		1,925,000		1,643,604
2.75%, 11/15/2042		1,860,000		1,584,590

272

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

2.88%, 5/15/2043	$	1,500,000	$	1,309,095
3.00%, 5/15/2042		250,000		225,388
3.13%, 11/15/2041 (a)		3,150,000		2,919,640
3.13%, 2/15/2042		2,250,000		2,082,488
3.13%, 2/15/2043		1,400,000		1,288,434
3.75%, 11/15/2043 (a)		1,000,000		1,035,370
3.88%, 8/15/2040		2,500,000		2,664,525
4.38%, 5/15/2040 (a)		3,050,000		3,522,384
4.38%, 5/15/2041		1,600,000		1,849,552
4.50%, 2/15/2036		150,000		176,051
4.50%, 8/15/2039		1,300,000		1,528,891
4.75%, 2/15/2037 (a)		750,000		911,392
4.75%, 2/15/2041		500,000		611,760
5.25%, 11/15/2028 (a)		500,000		625,510
5.25%, 2/15/2029 (a)		250,000		312,792
5.38%, 2/15/2031		200,000		255,890
6.13%, 11/15/2027		2,500,000		3,367,150
6.25%, 8/15/2023 (a)		1,000,000		1,305,000
6.50%, 11/15/2026		800,000		1,102,088
6.88%, 8/15/2025 (a)		750,000		1,047,563
7.13%, 2/15/2023 (a)		1,000,000		1,365,370
7.25%, 5/15/2016		1,000,000		1,142,310
7.25%, 8/15/2022		500,000		682,095
7.50%, 11/15/2016 (a)		1,015,000		1,193,569
8.13%, 8/15/2019		1,500,000		1,987,275
8.75%, 8/15/2020		1,130,000		1,581,175
8.88%, 8/15/2017		713,000		897,189
Treasury Notes
0.25%, 5/15/2015 (a)		2,000,000		2,002,180
0.25%, 5/31/2015		2,500,000		2,502,625
0.25%, 7/15/2015		500,000		500,430
0.25%, 8/15/2015		1,500,000		1,501,230
0.25%, 9/30/2015 (a)		1,900,000		1,900,665
0.25%, 10/15/2015		700,000		699,972
0.25%, 10/31/2015 (a)		2,000,000		1,999,580
0.25%, 2/29/2016 (a)		1,000,000		997,340
0.38%, 6/30/2015		1,500,000		1,503,930
0.38%, 1/15/2016 (a)		1,000,000		1,000,510
0.38%, 2/15/2016 (a)		1,000,000		999,980
0.38%, 3/15/2016		5,400,000		5,396,382
0.50%, 7/31/2017		500,000		490,430
0.63%, 10/15/2016		2,500,000		2,495,800
0.63%, 12/15/2016 (a)		200,000		199,232
0.63%, 4/30/2018		1,500,000		1,452,990
0.75%, 10/31/2017 (a)		2,500,000		2,459,650
0.75%, 12/31/2017		5,000,000		4,902,700
0.75%, 2/28/2018		500,000		488,530
0.75%, 3/31/2018		1,250,000		1,219,113
0.88%, 11/30/2016 (a)		1,500,000		1,505,175
0.88%, 12/31/2016		5,000,000		5,011,900
0.88%, 2/28/2017		2,250,000		2,250,337
0.88%, 4/30/2017		2,500,000		2,494,525
0.88%, 1/31/2018		1,000,000		983,710
0.88%, 7/31/2019		1,500,000		1,424,520
1.00%, 3/31/2017		2,750,000		2,757,095
1.25%, 8/31/2015 (a)		3,000,000		3,044,700
1.25%, 9/30/2015		4,500,000		4,568,490
1.25%, 10/31/2015		4,000,000		4,062,120
1.25%, 10/31/2018		1,500,000		1,476,000
1.25%, 1/31/2019		2,000,000		1,959,540
1.38%, 11/30/2015 (a)		3,000,000		3,053,550
1.38%, 6/30/2018		750,000		746,490
1.38%, 9/30/2018		1,500,000		1,486,620
1.38%, 11/30/2018 (a)		250,000		247,208
1.38%, 12/31/2018		300,000		296,169
1.38%, 2/28/2019		3,300,000		3,246,936
1.50%, 6/30/2016		10,000,000		10,210,600
1.50%, 8/31/2018		6,000,000		5,989,140
1.50%, 12/31/2018 (a)		6,700,000		6,649,482
1.50%, 3/31/2019		2,250,000		2,224,192
1.63%, 8/15/2022 (a)		2,000,000		1,859,620
1.63%, 11/15/2022		3,500,000		3,238,760
1.75%, 5/31/2016		2,000,000		2,053,220
1.75%, 5/15/2022 (a)		500,000		471,790
1.75%, 5/15/2023		4,050,000		3,751,353
1.88%, 6/30/2015		1,750,000		1,787,048
1.88%, 8/31/2017		2,000,000		2,050,760
1.88%, 9/30/2017 (a)		2,000,000		2,048,880
2.00%, 11/30/2020		1,000,000		984,880
2.00%, 11/15/2021 (a)		900,000		873,180
2.00%, 2/15/2023		1,500,000		1,426,305
2.13%, 5/31/2015		2,000,000		2,045,540
2.13%, 12/31/2015		1,800,000		1,856,106
2.13%, 8/15/2021		3,250,000		3,193,190
2.25%, 11/30/2017		2,500,000		2,590,450
2.38%, 7/31/2017		5,000,000		5,212,000
2.50%, 4/30/2015		3,000,000		3,075,600
2.50%, 8/15/2023 (a)		1,500,000		1,478,205
2.63%, 2/29/2016 (a)		3,500,000		3,649,205
2.63%, 4/30/2018		1,000,000		1,049,000
2.63%, 8/15/2020 (a)		3,500,000		3,599,540
2.63%, 11/15/2020		1,500,000		1,538,760
2.75%, 11/30/2016		4,380,000		4,611,264
2.75%, 2/28/2018		2,000,000		2,108,800
2.75%, 2/15/2019		2,000,000		2,100,180
2.75%, 11/15/2023 (a)		1,000,000		1,004,380
2.75%, 2/15/2024 (a)		3,100,000		3,106,541
3.00%, 8/31/2016		2,750,000		2,906,915
3.00%, 2/28/2017		2,000,000		2,122,900
3.13%, 10/31/2016		2,750,000		2,920,802
3.13%, 1/31/2017 (a)		750,000		798,465
3.13%, 5/15/2019 (g)		4,500,000		4,800,735
3.13%, 5/15/2021		1,500,000		1,580,145
3.38%, 11/15/2019		2,500,000		2,696,575
3.50%, 2/15/2018		2,250,000		2,435,715
3.50%, 5/15/2020		2,000,000		2,166,860
3.63%, 8/15/2019		500,000		545,990
3.63%, 2/15/2020 (a)		1,500,000		1,637,040
3.63%, 2/15/2021		3,500,000		3,807,650
3.75%, 11/15/2018		1,500,000		1,644,735
4.13%, 5/15/2015		3,000,000		3,132,900
4.25%, 8/15/2015		2,500,000		2,638,575
4.50%, 11/15/2015 (a)		1,000,000		1,068,130
4.63%, 11/15/2016		2,500,000		2,754,050
4.75%, 8/15/2017 (a)		2,425,000		2,719,638
5.13%, 5/15/2016		810,000		889,283
5.95%, 3/19/2019		200,000		232,300

TOTAL U.S. TREASURY OBLIGATIONS —
(Cost $247,240,417)				246,883,868

273

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

FEDERAL NATIONAL MORTGAGE ASSOCIATION — 1.6%
Fannie Mae:
2.50%, 7/1/2028	$	1,488,669	$	1,488,953
2.50%, 8/1/2028		1,240,792		1,241,028
3.00%, 5/1/2043		963,641		931,017
3.00%, 5/1/2043		1,931,088		1,865,712
3.50%, 5/1/2043 (f)		478,322		481,547
3.50%, 1/1/2044		1,987,790		2,001,192
4.00%, 10/1/2043		1,967,812		2,046,826
5.00%, 9/1/2040		999,955		1,092,656

TOTAL FEDERAL NATIONAL MORTGAGE ASSOCIATION —
(Cost $11,111,437)				11,148,931

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION — 0.7%
Ginnie Mae:
3.00%, 12/20/2042		1,944,982		1,918,878
3.50%, 1/20/2044		995,994		1,018,200
4.50%, 6/15/2041		957,196		1,032,986
4.50%, 10/20/2043		500,505		540,638
5.00%, 12/15/2038		630,700		691,045

TOTAL GOVERNMENT NATIONAL MORTGAGE ASSOCIATION —
(Cost $5,158,556)				5,201,747

COMMERCIAL MORTGAGE BACKED SECURITIES — 0.6%
Bank of America Commercial Mortgage, Inc. 5.60%, 6/10/2049 (e)		780,000		862,428
GE Capital Commercial Mortgage Corp. 5.54%, 12/10/2049		400,000		436,514
GS Mortgage Securities Corp. II 5.55%, 4/10/2038 (e)		250,000		266,690
JPMorgan Chase Commercial Mortgage Securities Corp.:
3.14%, 5/15/2045		250,000		253,876
5.44%, 6/12/2047		510,000		560,210
5.81%, 6/12/2043 (e)		434,035		470,790
Merrill Lynch/Countrywide Commercial Mortgage Trust 5.38%, 8/12/2048		395,780		429,045
Morgan Stanley Capital I:
5.51%, 11/12/2049 (e)		475,000		523,475
5.61%, 4/15/2049		36,285		36,564
Wachovia Bank Commercial Mortgage Trust 5.24%, 10/15/2044 (e)		253,267		266,855
WF-RBS Commercial Mortgage Trust 2.87%, 11/15/2045		200,000		191,472

TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES —
(Cost $3,429,339)				4,297,919

COLLATERALIZED MORTGAGE OBLIGATIONS — 1.0%
THRIFTS & MORTGAGE FINANCE — 1.0%
Bear Stearns Commercial Mortgage Securities Trust 2007-TOP26 5.47%, 1/12/2045 (e)		510,000		564,273
Citigroup Commercial Mortgage Trust 2013-GC15 1.38%, 9/10/2046		366,302		367,799
Commercial Mortgage Pass Through Certificates 4.06%, 12/10/2044		1,500,000		1,548,830
Greenwich Capital Commercial Funding Corp. 5.82%, 7/10/2038 (e)		821,331		892,246
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP9 5.34%, 5/15/2047		750,000		819,105
JPMorgan Chase Commercial Mortgage Securities Trust 2013-C10 3.14%, 12/15/2047		500,000		485,123
LB-UBS Commercial Mortgage Trust 5.66%, 3/15/2039 (e)		470,603		503,800
Merrill Lynch Mortgage Trust 5.84%, 6/12/2050 (e)		479,138		510,035
Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6 1.87%, 11/15/2045		800,000		801,757
Wachovia Bank Commercial Mortgage Trust Series 2006-C29 5.34%, 11/15/2048		750,000		817,142

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS —
(Cost $7,445,371)				7,310,110

ASSET BACKED — 0.5%
AUTOMOBILES — 0.3%
Carmax Auto Owner Trust 2013-2 0.64%, 1/16/2018		200,000		199,861
Honda Auto Receivables Owner Trust 0.91%, 5/15/2018		172,000		173,012
Hyundai Auto Receivables Trust 0.81%, 3/15/2018		250,000		250,883
Santander Drive Auto Receivables Trust 2012-3 3.64%, 5/15/2018		675,000		706,347
Volkswagen Auto Loan Enhanced Trust 2013-1 0.56%, 8/21/2017		1,070,000		1,069,109

				2,399,212

CREDIT CARD RECEIVABLES — 0.2%
Citibank Credit Card Issuance Trust:
5.35%, 2/7/2020		295,000		334,532
6.15%, 6/15/2039		250,000		292,236
World Financial Network Credit Card Master Trust 0.91%, 3/16/2020		500,000		497,445

				1,124,213

MULTI-UTILITIES — 0.0% (d)
CenterPoint Energy Transition Bond Co. LLC 5.17%, 8/1/2019		247,230		264,425

TOTAL ASSET BACKED —
(Cost $3,822,835)				3,787,850

274

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MUNICIPAL BONDS & NOTES — 0.9%
CALIFORNIA — 0.2%
California, State General Obligation:
5.95%, 4/1/2016	$	35,000	$	38,471
7.30%, 10/1/2039		500,000		669,135
7.55%, 4/1/2039		225,000		312,633
7.60%, 11/1/2040		150,000		211,093
Los Angeles, CA, Unified School District, General Obligation 6.76%, 7/1/2034		150,000		194,031
San Francisco, CA, City & County Public Utilities Commission, Water Revenue 6.00%, 11/1/2040		50,000		59,820
University of California 4.86%, 5/15/2112		150,000		141,696

				1,626,879

CONNECTICUT — 0.0% (d)
Connecticut, State General Obligation 5.09%, 10/1/2030		100,000		106,145

GEORGIA — 0.1%
Georgia, Municipal Electric Authority Revenue 7.06%, 4/1/2057		250,000		269,712
Georgia, State General Obligation 4.50%, 11/1/2025		200,000		220,052

				489,764

ILLINOIS — 0.1%
Illinois, State General Obligation:
5.10%, 6/1/2033		200,000		197,386
7.35%, 7/1/2035		250,000		291,838

				489,224

MASSACHUSETTS — 0.0% (d)
Massachusetts, State General Obligation 4.91%, 5/1/2029		100,000		108,926

NEW JERSEY — 0.1%
New Jersey, State Transportation Trust Revenue 6.10%, 12/15/2028		100,000		110,912
New Jersey, State Turnpike Authority Revenue 7.10%, 1/1/2041		250,000		339,695
Rutgers University, Revenue 5.67%, 5/1/2040		80,000		94,335

				544,942

NEW YORK — 0.2%
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue 5.72%, 6/15/2042		215,000		255,801
New York, NY, City Transitional Finance Authority Revenue 5.51%, 8/1/2037		100,000		116,729
New York, NY, General Obligation 5.52%, 10/1/2037		85,000		95,557
New York, NY, Metropolitan Transportation Authority Revenue 6.67%, 11/15/2039		250,000		316,845
Port Authority of New York & New Jersey 5.86%, 12/1/2024		250,000		299,300

				1,084,232

OHIO — 0.1%
Ohio State University 4.91%, 6/1/2040		100,000		108,088
Ohio, American Municipal Power, Inc., Revenue:
6.45%, 2/15/2044		200,000		233,796
8.08%, 2/15/2050		300,000		430,035

				771,919

PENNSYLVANIA — 0.0% (d)
Pennsylvania, Public School Building Authority Revenue 5.00%, 9/15/2027		99,000		107,216
Pennsylvania, Turnpike Commission Revenue 5.51%, 12/1/2045		75,000		83,383

				190,599

TEXAS — 0.0% (d)
Texas, State Transportation Commission, Revenue, Series B 5.18%, 4/1/2030		110,000		125,674

WASHINGTON — 0.1%
Chase Issuance Trust 0.79%, 6/15/2017		350,000		351,404
Washington, State General Obligation 5.14%, 8/1/2040		150,000		166,473

				517,877

TOTAL MUNICIPAL BONDS & NOTES —
(Cost $5,833,910)				6,056,181

	Shares
SHORT TERM INVESTMENTS — 20.4%
MONEY MARKET FUNDS — 20.4%
State Street Institutional Liquid Reserves Fund 0.08% (h)(i)		98,822,218		98,822,218
State Street Navigator Securities Lending Prime Portfolio (i)(j)		44,514,208		44,514,208

TOTAL SHORT TERM INVESTMENTS — (k)
(Cost $143,336,426)				143,336,426

TOTAL INVESTMENTS — 119.8% (l)
(Cost $837,381,761)				841,297,227
OTHER ASSETS & LIABILITIES — (19.8)%				(138,858,977	)

NET ASSETS — 100.0%			$	702,438,250

275

SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.2% of net assets as of March 31, 2014, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(d)		Amount shown represents less than 0.05% of net assets.
(e)		Variable rate security. Rate shown is rate in effect at March 31, 2014. Maturity date disclosed is the ultimate maturity.
(f)		When-issued security
(g)		Security, or a portion of the security has been designated as collateral for TBA securities
(h)		The rate shown is the annualized seven-day yield at period end.
(i)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(j)		Investments of cash collateral for securities loaned
(k)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(l)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

TBA = To Be Announced

276

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MUNICIPAL BONDS & NOTES — 99.3%
ALABAMA — 0.2%
Alabama, Federal Aid Highway Finance Authority Revenue 5.00%, 3/1/2015	$	1,650,000	$	1,722,056
Mobile County, AL, Board of School Commissioners, Capital Outlay 3.75%, 3/1/2042		500,000		432,455

				2,154,511

ARIZONA — 2.0%
Arizona, Salt River Project, Agricultural Improvement & Power District Revenue Series A 5.00%, 12/1/2031		12,000,000		13,412,160
Arizona, State Transportation Board, Excise Tax Revenue 5.00%, 7/1/2015		500,000		529,815
Arizona, State Transportation Board, Highway Revenue Series A 5.00%, 7/1/2036		1,000,000		1,091,190
Mesa, AZ, Excise Tax Revenue 5.00%, 7/1/2027		2,000,000		2,177,640
Mesa, AZ, Highway Revenue Series A 5.00%, 7/1/2020		1,800,000		1,898,262
Phoenix, AZ, Civic Improvement Corp., Wastewater System Revenue 5.00%, 7/1/2025		700,000		799,820

				19,908,887

ARKANSAS — 0.1%
Fort Smith, AR, Sales & Use Tax Revenue 3.60%, 5/1/2026		565,000		564,938

CALIFORNIA — 13.4%
California, East Bay Municipal Utility District, Water System Revenue Series B 5.00%, 6/1/2023		215,000		260,326
California, State Department of Veterans Affairs Home, Purchase Revenue Series A 3.88%, 12/1/2028		630,000		615,825
California, State Department of Water Resources Center Valley Project, Revenue Series AR 4.00%, 12/1/2034		1,625,000		1,645,264
California, State Department of Water Resources Supply Revenue Series L 5.00%, 5/1/2018		595,000		689,087
California, State Department of Water Resources, Revenue Series L 5.00%, 5/1/2020		10,000,000		11,859,700
California, State Educational Facilities, Authority Revenue:
Series U-2 5.00%, 10/1/2032		500,000		616,180
5.25%, 4/1/2040		1,500,000		1,912,575
California, State Public Works Board, Lease Revenue 5.00%, 4/1/2034		440,000		520,586
Coast, CA, Community College District, General Obligation, Election of 2012 Series A 4.00%, 8/1/2032		2,530,000		2,537,716
Contra Costa County, CA, Community College District, General Obligation 5.00%, 8/1/2038		1,670,000		1,816,492
Grossmont, CA, Community College District, Election of 2012 Series A 5.25%, 8/1/2038		3,200,000		3,485,280
Long Beach, CA, Community College District, General Obligation Series B 5.00%, 8/1/2039		2,000,000		2,134,520
Long Beach, CA, Unified School District, General Obligation 5.00%, 8/1/2029		250,000		278,980
Los Angeles, CA, Community College District, General Obligation Series F 4.00%, 8/1/2032		2,880,000		2,915,712
Los Angeles, CA, Department of Airports Revenue Series B 5.00%, 5/15/2035		4,500,000		4,777,020
Los Angeles, CA, Department of Water & Power Revenue:
Series A 5.00%, 7/1/2015		400,000		424,316
Series C 5.00%, 1/1/2016		2,000,000		2,139,440
Series B 5.00%, 7/1/2019		320,000		376,986
Series A 5.00%, 7/1/2020		7,400,000		8,802,152
Los Angeles, CA, General Obligation Series B 5.00%, 9/1/2022		4,000,000		4,761,960
Los Angeles, CA, Harbor Department Revenue Series A 5.00%, 8/1/2029		405,000		452,839
Los Angeles, CA, Unified School District, General Obligation:
Series A 2.00%, 7/1/2022		790,000		766,482
Series A-1 4.00%, 7/1/2016		1,250,000		1,349,850
Series KRY 5.00%, 7/1/2018		330,000		383,074
Los Rios, CA, Community College District Election of 2008 Series A 5.00%, 8/1/2035		5,000,000		5,404,500
Marin, CA, Water District Financing Authority Revenue Series A 5.00%, 7/1/2044		500,000		535,155
Metropolitan Water District of Southern California Series C 5.00%, 10/1/2027		4,120,000		5,054,622
Orange County, CA, Sanitation District Wastewater Revenue Series A 3.00%, 2/1/2031		400,000		353,232
Pasadena, CA, Unified School District, General Obligation 5.00%, 5/1/2034		750,000		805,057
San Antonio, CA, Community College District, General Obligation Series A Zero Coupon, 8/1/2043		1,160,000		607,457
San Bernardino, CA, Community College District Series A 5.00%, 8/1/2029		1,000,000		1,121,830
San Diego, CA, Community College District 5.00%, 8/1/2041		1,030,000		1,106,313
San Diego, CA, Community College District, General Obligation 5.00%, 8/1/2032		2,500,000		2,813,075

277

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

San Diego, CA, Unified School District Election of 2008 Series A Zero Coupon, 7/1/2028 (a)	$	2,000,000	$	1,111,000
San Francisco, CA, Bay Area Rapid Transit District Revenue:
Series A 5.00%, 7/1/2029		805,000		905,512
Series A 5.00%, 7/1/2030		500,000		557,455
Series A 5.00%, 7/1/2032		1,000,000		1,105,060
Series A 5.00%, 7/1/2036		500,000		543,205
San Francisco, CA, City & County Public Utilities Commission Series B 5.00%, 10/1/2026		1,110,000		1,278,975
San Francisco, CA, City & County Public Utilities Commission, Water Revenue Series C 4.00%, 11/1/2032		750,000		763,995
San Francisco, CA, Public Utilities Commission, Water Revenue:
Series B 5.00%, 9/1/2018		9,755,000		11,081,778
Subseries A 5.00%, 11/1/2024		2,400,000		2,790,216
Series A 5.00%, 11/1/2030		6,000,000		6,734,340
San Francisco, CA, Unified School District, General Obligation 4.00%, 6/15/2025		900,000		965,286
San Joaquin County, CA, Transportation Authority, Sales Tax Revenue Series A 5.50%, 3/1/2041		4,700,000		5,205,532
San Jose, CA, Financing Authority Revenue Series A 5.00%, 6/1/2028		1,435,000		1,601,202
San Marcos, CA, Unified School District Election of 2010 Series A 5.00%, 8/1/2038		150,000		157,397
Santa Clara County, CA, General Obligation Series B 3.25%, 8/1/2035		750,000		656,033
Solano County, CA, Community College District, General Obligation Series A 4.38%, 8/1/2047		1,650,000		1,631,338
Southern, CA, Public Power Authority Revenue 5.25%, 7/1/2030		500,000		567,515
University of California, Revenue:
Series AF 5.00%, 5/15/2019		3,335,000		3,938,435
Series G 5.00%, 5/15/2025		420,000		484,352
5.00%, 5/15/2033		10,000,000		11,153,500
Series AI 5.00%, 5/15/2034		740,000		820,490
Series S 5.00%, 5/15/2040		1,000,000		1,062,510
Series Q 5.25%, 5/15/2028		2,855,000		3,159,857

				131,598,586

COLORADO — 2.5%
Adams & Arapahoe, CO, Joint School District 28J Aurora 5.00%, 12/1/2023		5,000,000		5,861,600
Colorado, Regional Transportation District, Sales Tax Revenue Series A 5.00%, 11/1/2027		12,095,000		13,697,104
Colorado, State Board of Governors University Enterprise System Revenue Series A 5.00%, 3/1/2031		2,000,000		2,297,340
Colorado, State Building Excellent Schools Today, Certificates of Participation Series H 3.25%, 3/15/2035		500,000		433,090
Denver, CO, City & County, School District No. 1 General Obligation Series C 5.00%, 12/1/2023		1,175,000		1,397,921
Metropolitan Wastewater Reclamation District, CO, Sewer Revenue Series A 3.00%, 4/1/2029		650,000		632,339

				24,319,394

CONNECTICUT — 4.0%
Connecticut, State General Obligation:
Series A 5.00%, 1/1/2016		500,000		540,030
Series B 5.00%, 12/1/2016		1,575,000		1,756,771
5.00%, 12/1/2020		7,500,000		8,646,375
5.00%, 12/1/2021		7,500,000		8,702,775
Series C 5.00%, 7/15/2022		9,540,000		11,267,122
Series D 5.00%, 11/1/2025		285,000		326,490
Hartford County, CT, Metropolitan District Clean Water Project Revenue Series A 5.00%, 4/1/2033		1,750,000		1,871,975
University of Connecticut, Revenue Series A 5.00%, 2/15/2025		5,200,000		5,920,408

				39,031,946

DELAWARE — 1.0%
Delaware, State General Obligation:
5.00%, 7/1/2017		2,755,000		3,132,435
Series B 5.00%, 7/1/2017		150,000		170,550
Delaware, State Transportation Authority, Transportation System Revenue 5.00%, 7/1/2022		5,280,000		6,279,398

				9,582,383

DISTRICT OF COLUMBIA — 0.8%
District of Columbia, Income Tax Secured Revenue:
Series C 4.00%, 12/1/2035		2,500,000		2,512,625
Series C 5.00%, 12/1/2020		1,050,000		1,244,072
Series A 5.00%, 12/1/2023		1,235,000		1,465,599
Series A 5.00%, 12/1/2036		590,000		641,554
Series C 5.00%, 12/1/2037		500,000		545,060
Metropolitan Washington, DC, Airport Authority System Revenue:
Zero Coupon, 10/1/2033 (a)(b)		1,785,000		640,173
Series C 5.13%, 10/1/2039		520,000		551,751

				7,600,834

FLORIDA — 3.4%
Broward County, FL, Water & Sewer Utility Revenue Series A 5.00%, 10/1/2037		450,000		487,872
Citizens Property Insurance Corp., FL Series A-1 4.50%, 6/1/2020 (b)		1,000,000		1,118,970
Florida, State Board of Education, Capital Outlay:
Series A 4.00%, 6/1/2021		750,000		842,145
Series A 5.00%, 6/1/2015		1,445,000		1,526,614
Series B 5.00%, 6/1/2015		2,600,000		2,746,536
Series A 5.00%, 6/1/2018		1,095,000		1,267,243

278

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Series D 5.00%, 6/1/2021	$	500,000	$	584,685
Florida, State Hurricane Catastrophe Fund Revenue Series A 5.00%, 7/1/2016		5,000,000		5,476,700
Florida, State, Department of Transportation General Obligation 5.00%, 7/1/2021		500,000		595,845
Hillsborough County, FL, School Board, Certificates of Participation Series A 5.00%, 7/1/2029		810,000		874,031
Jacksonville, FL, Transit Revenue Series A 5.00%, 10/1/2026		1,950,000		2,186,145
Miami-Dade County, FL, General Obligation:
4.75%, 7/1/2034		1,675,000		1,760,726
5.00%, 7/1/2031		1,980,000		2,126,797
Miami-Dade County, FL, Transit System Sales Surtax Revenue:
4.00%, 7/1/2042		500,000		452,105
5.00%, 7/1/2037		5,000,000		5,297,450
Orlando, FL, Utilities Commission, Utility System Revenue:
Series A 5.00%, 10/1/2023		2,500,000		2,974,125
5.00%, 10/1/2029		1,400,000		1,563,380
Palm Beach County, FL, Solid Waste Authority Revenue 5.00%, 10/1/2024		800,000		921,160
Tohopekaliga, FL, Water Authority Utility System Revenue 5.75%, 10/1/2029		750,000		871,125

				33,673,654

GEORGIA — 3.3%
Douglas County, GA, General Obligation 5.00%, 8/1/2016		4,000,000		4,394,440
Fulton County, GA, Water & Sewer Revenue 5.00%, 1/1/2017		1,430,000		1,593,935
Georgia, State Environmental Loan Acquisition Corp. Revenue 5.13%, 3/15/2031		5,070,000		5,502,623
Georgia, State General Obligation:
Series F 5.00%, 12/1/2016		500,000		558,835
Series E 5.00%, 7/1/2018		700,000		814,163
Series E 5.00%, 7/1/2020		700,000		814,268
Series I 5.00%, 7/1/2022		1,100,000		1,271,798
Georgia, State Private Colleges & Universities Authority Revenue Series A 5.00%, 9/1/2041		5,965,000		6,415,417
Georgia, State Road & Tollway Authority Revenue Series B 5.00%, 10/1/2022		3,000,000		3,611,520
Gwinnett County, GA, School District, General Obligation:
5.00%, 2/1/2019		5,380,000		6,291,964
5.00%, 2/1/2023		500,000		603,290
Gwinnett County, GA, Water & Sewerage Authority Revenue 5.00%, 8/1/2023		500,000		590,915

				32,463,168

HAWAII — 0.6%
City & County of Honolulu, HI, General Obligation:
Series A 5.25%, 8/1/2031		2,620,000		2,970,085
Series A 5.25%, 8/1/2034		1,500,000		1,670,355
Hawaii, State General Obligation Series EA 5.00%, 12/1/2016		955,000		1,066,563

				5,707,003

IDAHO — 0.5%
Idaho, Housing & Financing Association, Unemployment Compensation Revenue 5.00%, 8/15/2015		5,000,000		5,298,250

ILLINOIS — 2.9%
Chicago, IL, Park District, General Obligation Series C 5.25%, 1/1/2040		500,000		519,505
Chicago, IL, Waterworks Revenue 5.00%, 11/1/2027		1,295,000		1,372,765
Cook County, IL, General Obligation Series A 5.00%, 11/15/2019		2,000,000		2,286,360
Illinois, State Finance Authority Revenue:
Series A 5.00%, 10/1/2030		1,250,000		1,381,337
Series A 5.00%, 10/1/2051		5,020,000		5,165,279
Illinois, State General Obligation:
5.00%, 1/1/2015 (b)		1,055,000		1,091,197
5.00%, 1/1/2018 (b)		595,000		668,917
Illinois, State Sales Tax Revenue:
Series A 4.75%, 6/15/2034		2,240,000		2,293,738
Series B 5.25%, 6/15/2034		5,000,000		5,343,750
Illinois, State Toll Highway Authority Revenue 5.00%, 1/1/2028		1,825,000		1,954,465
Illinois, State Unemployment Insurance Fund, Building Receipts Revenue Series A 5.00%, 6/15/2016		4,060,000		4,461,087
Illinois, University of Chicago, Finance Authority Revenue Series A 4.00%, 10/1/2032		955,000		951,285
Metropolitan Pier & Exposition Authority, IL, Revenue Series B 5.00%, 12/15/2028		400,000		437,652
Schaumburg, IL, General Obligation Series A 4.00%, 12/1/2032		850,000		864,331

				28,791,668

INDIANA — 0.4%
Carmel, IN, Redevelopment Authority, Lease Rental Revenue Series A 4.00%, 8/1/2030		2,325,000		2,364,479
Indianapolis, IN, Local Public Improvement Bond Bank Revenue Series F 5.00%, 1/1/2040 (b)		720,000		762,264
Indianapolis, IN, Public Improvement Revenue Series B 5.00%, 2/1/2019		295,000		340,524

				3,467,267

279

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

IOWA — 0.2%
Iowa, State Finance Authority Revenue:
5.00%, 8/1/2020	$	700,000	$	812,910
5.00%, 8/1/2030		1,000,000		1,119,480

				1,932,390

KANSAS — 0.4%
Kansas, State Department of Transportation, Highway Revenue Series B 5.00%, 9/1/2019		3,500,000		4,144,350

KENTUCKY — 0.2%
Kentucky, State Asset/Liability Commission Agency Revenue Series A 5.00%, 9/1/2021		795,000		907,492
Kentucky, State Infrastructure Authority Revenue Series A 5.00%, 2/1/2016		200,000		216,622
Kentucky, State Property & Buildings Commission Revenue Series A 5.00%, 11/1/2017		375,000		426,169

				1,550,283

LOUISIANA — 0.4%
Louisiana, State Gas & Fuels Tax Revenue Series B 5.00%, 5/1/2025		1,000,000		1,119,180
Louisiana, State General Obligation:
Series A 4.00%, 2/1/2029		1,050,000		1,089,753
Series A 5.00%, 11/15/2018		200,000		233,834
Louisiana, State Highway Improvement Revenue Series A 5.00%, 6/15/2024		1,585,000		1,883,186

				4,325,953

MARYLAND — 2.8%
Anne Arundel County, MD, General Obligation 5.00%, 4/1/2019		1,410,000		1,654,776
Baltimore, MD, General Obligation Series B 5.00%, 10/15/2019		280,000		326,987
Baltimore, MD, Project Revenue Series A 5.00%, 7/1/2041		790,000		850,538
County of Montgomery MD 5.00%, 7/1/2017		490,000		555,778
Howard County, MD, General Obligation Series B 5.00%, 8/15/2023		1,000,000		1,173,100
Maryland, State Department of Transportation, Consolidated Transportation Revenue 5.00%, 5/1/2017		1,000,000		1,128,080
Maryland, State Economic Development Corp. Lease Revenue 3.25%, 6/1/2025		480,000		483,658
Maryland, State General Obligation:
Series B 4.00%, 8/1/2022		550,000		606,116
Series C 4.00%, 8/15/2022		1,000,000		1,123,830
Series C 5.00%, 3/1/2017		3,110,000		3,493,712
Series B 5.00%, 3/15/2017		1,900,000		2,137,538
Series B 5.00%, 8/1/2017		540,000		614,514
Series A 5.00%, 8/1/2018		700,000		815,703
Series C 5.00%, 11/1/2018		825,000		965,836
Series C 5.00%, 3/1/2020		500,000		588,775
Series B 5.00%, 8/1/2024		140,000		163,201
Maryland, State Health & Higher Educational Facilities Authority Revenue Series B 4.25%, 7/1/2041		5,000,000		5,045,450
Montgomery County, MD, General Obligation:
Series A 3.00%, 11/1/2026		3,210,000		3,221,395
Series A 3.00%, 11/1/2029		715,000		699,277
Washington, MD, Suburban Sanitation District, General Obligation 5.00%, 6/1/2017		2,000,000		2,261,660

				27,909,924

MASSACHUSETTS — 4.4%
Boston, MA, General Obigation 4.00%, 4/1/2018		450,000		502,546
Massachusetts, Bay Transportation Authority, Revenue Series A 4.00%, 7/1/2037		1,270,000		1,256,652
Massachusetts, Development Finance Agency, Revenue Series S 5.00%, 7/1/2024		2,570,000		3,016,178
Massachusetts, School Building Authority, Sales Tax Revenue Series B 5.00%, 10/15/2032		500,000		551,370
Massachusetts, State College Building Authority Revenue:
Series C 3.00%, 5/1/2032		710,000		605,531
Series A 5.00%, 5/1/2033		7,055,000		7,825,406
Series B 5.00%, 5/1/2035		760,000		831,919
Massachusetts, State General Obligation:
Series B 3.00%, 6/1/2027		160,000		154,906
Series A 4.00%, 12/1/2032		2,465,000		2,513,832
Series B 5.00%, 8/1/2025		5,100,000		5,925,996
Massachusetts, State Port Authority Revenue 5.00%, 7/1/2040		405,000		422,156
Massachusetts, State School Building Authority Revenue:
Series 2009-1 5.00%, 5/1/2019		815,000		951,781
Series B 5.00%, 10/15/2035		965,000		1,056,771
Massachusetts, State School Building Authority, Sales Tax Revenue Series B 5.00%, 8/15/2018		5,000,000		5,810,500
Massachusetts, State Transportation Fund Revenue:
Series A 4.00%, 6/1/2028		400,000		423,740
Series A 4.00%, 6/1/2036		400,000		401,964
Massachusetts, State Water Pollution Abatement Trust Revenue 5.00%, 8/1/2024		480,000		552,240
Massachusetts, State Water Resources Authority Revenue:
Series B 5.00%, 8/1/2026		5,830,000		6,660,250
Series B 5.00%, 8/1/2030		2,775,000		3,128,396
University of Massachusetts, Building Authority, Project Revenue Series 1 5.00%, 11/1/2039		600,000		648,618

				43,240,752

280

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MICHIGAN — 0.9%
Detroit, MI, General Obligation:
5.00%, 11/1/2030	$	500,000	$	510,085
5.25%, 11/1/2035		550,000		561,930
Michigan, Municipal Bond Authority Revenue:
5.00%, 10/1/2023		1,000,000		1,112,390
5.00%, 10/1/2029		2,905,000		3,209,444
Michigan, State Finance Authority Revenue:
Series A 5.00%, 1/1/2017		600,000		671,748
Series A 5.00%, 7/1/2018		1,000,000		1,165,350
5.00%, 10/1/2022		1,000,000		1,169,890

				8,400,837

MINNESOTA — 1.6%
Metropolitan Council Series I 4.00%, 3/1/2022		500,000		559,615
Minneapolis, St. Paul, Metropolitan Airports Commission, Airport Revenue Series A 5.00%, 1/1/2035		845,000		928,385
Minnesota, State General Obligation:
Series B 5.00%, 3/1/2018		2,675,000		3,067,744
Series B 5.00%, 8/1/2018		1,700,000		1,977,865
Series A 5.00%, 10/1/2018		620,000		723,670
Series D 5.00%, 8/1/2019		2,275,000		2,686,320
Series D 5.00%, 8/1/2020		450,000		534,267
Series D 5.00%, 8/1/2021		1,020,000		1,204,324
Series D 5.00%, 8/1/2022		855,000		1,007,276
University of Minnesota, Revenue Series A 5.00%, 12/1/2018		2,750,000		3,214,117

				15,903,583

MISSISSIPPI — 0.3%
Mississippi, State General Obligation Series A 5.00%, 10/1/2036		3,000,000		3,296,460

MISSOURI — 0.9%
Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Revenue Bond 5.00%, 10/1/2028		1,320,000		1,429,652
Metropolitan St. Louis, MO, Sewer District Wastewater System Revenue Series B 5.00%, 5/1/2038		5,000,000		5,477,000
Missouri, State Board of Public Buildings, Special Obligation:
Series A 1.00%, 10/1/2026		965,000		718,404
Series A 4.00%, 10/1/2023		700,000		759,521

				8,384,577

NEBRASKA — 0.3%
Omaha, NE, Public Power District Electric Revenue Series C 5.00%, 2/1/2019		1,250,000		1,461,250
University of Nebraska, Revenue 5.00%, 7/1/2038		1,000,000		1,080,520

				2,541,770

NEVADA — 0.5%
Clark County, NV, Water Reclamation District, General Obligation Series A 5.25%, 7/1/2038		500,000		542,810
Nevada, State Unemployment Compensation Fund, Special Revenue 5.00%, 6/1/2016		3,810,000		4,181,513

				4,724,323

NEW JERSEY — 1.5%
New Jersey, Environmental Infrastructure Trust Revenue:
Series A 4.00%, 9/1/2022		15,000		16,840
Series A 4.00%, 9/1/2022		50,000		56,134
Series A 4.00%, 9/1/2022		3,135,000		3,416,429
Series A 4.00%, 9/1/2027		20,000		22,454
Series A 4.00%, 9/1/2027		75,000		84,547
Series A 4.00%, 9/1/2027		30,000		33,681
Series A 4.00%, 9/1/2027		40,000		44,908
New Jersey, State General Obligation 5.00%, 6/1/2019		7,825,000		9,175,908
New Jersey, State Higher Education Assistance Authority Revenue Series 1A 5.00%, 12/1/2017		1,410,000		1,592,496

				14,443,397

NEW MEXICO — 0.3%
New Mexico, State Finance Authority Transportation Revenue 5.00%, 6/15/2017		3,000,000		3,397,260

NEW YORK — 20.8%
Battery Park City, NY, Authority Revenue Series A 5.00%, 11/1/2024		2,500,000		2,982,375
Brookhaven, NY, General Obligation Series A 3.00%, 2/1/2023		950,000		978,263
Dutchess County, NY, Local Development Corp. Revenue Series A 5.00%, 1/1/2049		2,000,000		2,099,520
Erie County, NY, Fiscal Stability Authority Sales Tax Revenue Series A 5.00%, 5/15/2020		1,000,000		1,163,130
Erie County, NY, Industrial Development Agency Revenue:
Series A 5.25%, 5/1/2023		400,000		450,720
Series A 5.25%, 5/1/2029		1,390,000		1,549,586
New York & New Jersey, Port Authority Revenue:
Series 179 4.00%, 6/1/2030		5,550,000		5,729,598
4.25%, 7/15/2040		1,000,000		1,008,180
4.50%, 7/15/2031		2,000,000		2,122,540
4.50%, 7/15/2036		850,000		882,173
156th Series 4.75%, 11/1/2036		7,000,000		7,261,660
New York, NY, City Municipal Water Finance Authority:
5.00%, 6/15/2026		3,200,000		3,620,384
Series GG-2 5.25%, 6/15/2040		625,000		679,650
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue:
Series EE 4.00%, 6/15/2039		1,900,000		1,861,449
Series CC 5.00%, 6/15/2045		325,000		343,467

281

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Series CC 5.00%, 6/15/2047	$	1,350,000	$	1,426,356
New York, NY, City Transitional Finance Authority:
Series E-1 5.00%, 2/1/2018		500,000		571,875
5.50%, 11/1/2035		4,545,000		5,094,672
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue:
SubSeries D 3.00%, 11/1/2027		320,000		312,301
Series B 5.00%, 11/1/2016		570,000		636,234
Series B 5.00%, 11/1/2016		430,000		478,323
Series D 5.00%, 11/1/2016		1,690,000		1,879,922
Series C 5.00%, 11/1/2020		645,000		759,784
Series F-1 5.00%, 5/1/2021		500,000		588,060
Series D-1 5.00%, 11/1/2022		100,000		116,783
Series A-1 5.00%, 5/1/2023		845,000		965,928
SubSeries F-1 5.00%, 2/1/2030		770,000		860,129
New York, NY, City Water Finance Authority, Water & Sewer System Revenue Series BB 4.63%, 6/15/2046		6,750,000		6,904,507
New York, NY, General Obligation:
Series I 5.00%, 8/1/2015		1,220,000		1,297,446
SubSeries J-1 5.00%, 3/1/2017		2,000,000		2,238,760
Series C 5.00%, 8/1/2017		2,000,000		2,268,220
Series A-1 5.00%, 10/1/2018		5,000,000		5,795,600
Series A-1 5.00%, 10/1/2019		5,000,000		5,844,900
Series I 5.00%, 8/1/2021		1,320,000		1,544,479
Series H-1 5.00%, 3/1/2023		500,000		566,820
Series J 5.00%, 8/1/2023		2,780,000		3,249,069
Series C 5.00%, 8/1/2024		100,000		113,732
Series E 5.00%, 8/1/2025		5,000,000		5,673,150
5.00%, 8/1/2029		3,000,000		3,340,200
Series I 5.00%, 8/1/2029		4,025,000		4,454,629
SubSeries G-3 5.00%, 5/15/2033		500,000		548,830
New York, NY, Liberty Development Corp. Revenue:
5.00%, 9/15/2032		4,500,000		4,945,185
5.13%, 1/15/2044		5,975,000		6,237,063
5.63%, 1/15/2046		1,000,000		1,079,880
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund Revenue:
Series A Zero Coupon, 11/15/2030 (a)		2,960,000		1,446,256
Series A 5.00%, 11/15/2031		1,295,000		1,434,316
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue 5.00%, 12/1/2016		2,375,000		2,647,104
New York, NY, Triborough Bridge & Tunnel Authority Revenue:
Series B Zero Coupon, 11/15/2027 (a)		1,850,000		1,098,493
Series B Zero Coupon, 11/15/2029 (a)		735,000		386,206
Series A 5.00%, 1/1/2023		4,725,000		5,490,450
Series B 5.00%, 11/15/2027		5,550,000		6,288,039
New York, NY, Trust for Cultural Resources, Wildlife Conservation Society Revenue Series A 5.00%, 8/1/2033		2,000,000		2,173,800
New York, State Dormitory Authority Revenue, Non State Supported Debt Series A 5.13%, 7/1/2039		900,000		965,898
New York, State Dormitory Authority Revenue, State Supported Debt:
Series A 4.00%, 5/15/2021		400,000		439,160
Series A 5.00%, 5/15/2025		650,000		738,504
Series A 5.00%, 7/1/2027		520,000		584,527
New York, State Dormitory Authority, Personal Income Tax Revenue:
Series E 4.00%, 8/15/2031		655,000		667,969
Series A 5.00%, 3/15/2020		1,000,000		1,171,160
Series A 5.00%, 12/15/2020		500,000		588,800
Series B 5.00%, 3/15/2022		550,000		648,571
Series A 5.00%, 12/15/2030		2,430,000		2,701,237
Series B 5.25%, 2/15/2022		500,000		583,835
New York, State Dormitory Authority, Sales Tax Revenue:
Series A 4.13%, 3/15/2033		2,105,000		2,167,750
Series A 5.00%, 3/15/2028		10,000,000		11,416,100
New York, State Dormitory Authority, State Income Tax Revenue:
Series A 5.00%, 2/15/2020		7,850,000		9,175,786
5.00%, 7/1/2021		700,000		800,660
5.00%, 2/15/2029		750,000		838,680
Series A 5.00%, 2/15/2031		1,000,000		1,106,220
New York, State Environmental Facilities Corp., Clean Water & Drinking Revenue Series A 5.00%, 6/15/2022		1,020,000		1,225,550
New York, State General Obligation:
3.00%, 3/1/2017		4,255,000		4,528,894
Series E 5.00%, 8/1/2018		635,000		733,552
Series B 5.00%, 8/1/2021		10,000,000		11,700,600
New York, State Thruway Authority, Personal Income Tax Revenue:
5.00%, 3/15/2022		2,160,000		2,500,697
Series A 5.00%, 3/15/2023		4,185,000		4,885,904
Series A 5.00%, 3/15/2026		405,000		459,541
Series A 5.00%, 3/15/2029		2,000,000		2,225,500
New York, State Urban Development Corp. Revenue:
Series A 5.00%, 3/15/2018		1,120,000		1,286,040
Series D 5.00%, 3/15/2022		6,700,000		7,900,774
Series C 5.00%, 3/15/2023		1,000,000		1,180,030
Series C 5.00%, 3/15/2027		4,500,000		5,118,480
New York, Utility Debt Securitization Authority Revenue Series TE 5.00%, 12/15/2041		1,960,000		2,145,886

				203,976,501

NORTH CAROLINA — 2.3%
Charlotte, NC, General Obligation Series B 5.00%, 6/1/2022		475,000		548,825
Fayetteville, NC, Public Works Commission Revenue Series A 5.00%, 3/1/2019		500,000		578,700

282

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

North Carolina, State Capital Improvement Revenue:
Series A 4.50%, 5/1/2026	$	5,240,000	$	5,757,764
Series A 5.00%, 5/1/2016		3,000,000		3,280,650
Series A 5.00%, 5/1/2017		2,125,000		2,395,087
Series C 5.00%, 5/1/2028		905,000		1,030,768
North Carolina, State General Obligation:
Series A 5.00%, 3/1/2017		1,870,000		2,100,721
5.00%, 3/1/2021		500,000		563,830
Series C 5.00%, 5/1/2026		900,000		1,110,015
North Carolina, State Grant Anticipation Revenue:
5.00%, 3/1/2018		1,455,000		1,660,228
5.00%, 3/1/2019		1,930,000		2,233,782
Wake County, NC, General Obligation Series C 5.00%, 3/1/2021		1,100,000		1,311,222

				22,571,592

OHIO — 1.8%
Columbus, OH, General Obligation:
Series 1 5.00%, 7/1/2021		1,850,000		2,205,995
Series A 5.00%, 8/15/2024		2,990,000		3,572,093
Franklin County, OH, General Obligation 5.00%, 6/1/2021		6,555,000		7,807,792
Hamilton County, OH, Sewer System Revenue Series A 5.00%, 12/1/2028		3,000,000		3,421,500
Ohio, State General Obligation:
Series A 5.00%, 9/15/2019		500,000		589,525
Series B 5.00%, 8/1/2021		450,000		534,492

				18,131,397

OKLAHOMA — 0.6%
Oklahoma, Capital Improvement Authority, State Facilities Revenue Series A 5.00%, 7/1/2026 (c)		2,500,000		2,911,675
Oklahoma, State Turnpike Authority Revenue Series A 5.00%, 1/1/2023		2,000,000		2,299,100
Tulsa County, OK, Educational Facilities Lease Revenue 5.50%, 9/1/2016		635,000		704,996

				5,915,771

OREGON — 0.7%
Metro, OR, General Obligation Series A 5.00%, 6/1/2024		1,010,000		1,186,366
Oregon, State General Obligation:
Series L 5.00%, 11/1/2017		435,000		498,149
Series N 5.00%, 8/1/2043		1,700,000		1,863,064
Salem, OR, General Obligation:
5.00%, 6/1/2028		1,450,000		1,619,984
5.00%, 6/1/2029		1,480,000		1,616,056

				6,783,619

PENNSYLVANIA — 2.8%
Pennsylvania, State Economic Development Financing Authority, Unemployment Compensation Revenue Series B 5.00%, 7/1/2021		5,000,000		5,615,350
Pennsylvania, State General Obligation:
5.00%, 7/1/2015		5,000,000		5,297,500
5.00%, 7/1/2016		1,040,000		1,145,550
5.00%, 3/15/2017		2,630,000		2,953,858
5.00%, 6/1/2017		840,000		949,620
5.00%, 4/15/2021		4,000,000		4,646,760
Series A 5.00%, 5/1/2021		1,500,000		1,740,465
5.00%, 7/1/2021		1,000,000		1,182,120
5.00%, 11/15/2021		1,000,000		1,184,560
5.00%, 11/15/2022		1,000,000		1,166,350
5.00%, 11/15/2023		895,000		1,039,175
Pennsylvania, State University Revenue 5.00%, 3/1/2040		500,000		545,855
Pennsylvania, Turnpike Commission Revenue 4.50%, 12/1/2038		300,000		302,970

				27,770,133

RHODE ISLAND — 0.1%
Rhode Island, State & Providence Plantations, Consolidated Capital Development Revenue Series A 4.00%, 10/1/2018		475,000		529,055

SOUTH CAROLINA — 1.5%
Charleston, SC, General Obligation 5.00%, 11/1/2023		1,035,000		1,215,721
South Carolina, State Education Assistance Authority Series I 5.00%, 10/1/2024		845,000		888,011
South Carolina, State General Obligation Series A 2.00%, 4/1/2024		3,000,000		2,807,040
South Carolina, State Public Service Authority:
Series E 5.00%, 1/1/2017		2,500,000		2,776,500
Series D 5.00%, 12/1/2043		6,450,000		6,757,665

				14,444,937

SOUTH DAKOTA — 0.1%
Sioux Falls, SD, Sales Tax Revenue Series A 3.38%, 11/15/2032		1,355,000		1,203,904

TENNESSEE — 1.7%
Memphis, TN, General Obligation:
5.00%, 5/1/2022		1,120,000		1,311,677
Series A 5.00%, 11/1/2023		5,000,000		5,946,150
Metropolitan Government of Nashville & Davidson County, TN, General Obligation:
5.00%, 7/1/2020		1,000,000		1,182,990
Series D 5.00%, 7/1/2020		4,000,000		4,731,960
Shelby County, TN, General Obligation:
Series A 5.00%, 4/1/2019		705,000		825,160
Series A 5.00%, 3/1/2022		1,000,000		1,189,480
Tennessee, State General Obligation Series C 5.00%, 5/1/2027		1,095,000		1,239,069
Tennessee, State School Bond Authority Series A 5.00%, 5/1/2027		500,000		571,635

				16,998,121

TEXAS — 8.5%
Austin, TX, Electric Utility System Revenue 4.00%, 11/15/2032		800,000		806,360

283

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Austin, TX, General Obligation:
5.00%, 9/1/2019	$	660,000	$	777,737
5.00%, 9/1/2022		570,000		680,341
Austin, TX, Water & Wastewater System Revenue:
5.00%, 11/15/2041		1,500,000		1,594,545
5.00%, 11/15/2042		2,800,000		3,021,340
Bexar County, TX, General Obligation Series B 5.00%, 6/15/2032		3,000,000		3,373,800
Canadian River, TX, Municipal Water Authority Corp. 5.00%, 2/15/2031		3,810,000		4,134,193
Comal, TX, Independent School District, General Obligation Series A 5.00%, 2/1/2021 (b)		650,000		769,301
Cypress-Fairbanks, TX, Independent School District, General Obligation 5.00%, 2/15/2025 (b)		500,000		569,940
Dallas, TX, General Obligation Series A 4.00%, 2/15/2015		1,470,000		1,518,863
Dallas, TX, Waterworks & Sewer System Revenue:
5.00%, 10/1/2020		500,000		595,625
5.00%, 10/1/2036		705,000		771,749
Fort Worth, TX, General Obligation 5.00%, 3/1/2023		500,000		587,250
Fort Worth, TX, Independent School District, General Obligation 4.00%, 2/15/2035 (b)		5,000,000		5,085,600
Harris County, TX, Metropolitan Transit Authority, Sales & Use Tax Revenue Series A 5.00%, 11/1/2031		5,395,000		5,933,205
Harris County, TX, Flood Control District Series A 5.00%, 10/1/2039		1,585,000		1,704,889
Harris County, TX, General Obligation:
Series A 4.75%, 3/1/2020		600,000		683,436
5.00%, 10/1/2021		3,000,000		3,529,590
Harris County, TX, Revenue Series C 5.00%, 8/15/2049		500,000		526,875
Houston, TX, Airport System Revenue, Senior Lien Series A 5.50%, 7/1/2034		1,850,000		2,015,224
Houston, TX, General Obligation:
5.00%, 3/1/2018		210,000		241,441
Series A 5.00%, 3/1/2022		2,000,000		2,279,020
Series D-2 5.00%, 10/1/2039		500,000		549,935
Leander, TX, Independent School District, General Obligation Series A Zero Coupon, 8/15/2034 (a)(b)		3,000,000		1,270,890
Lewisville, TX, Independent School District, General Obligation Series A 4.00%, 8/15/2018 (b)		2,125,000		2,386,035
Liberty Hill, TX, Independent School District 5.00%, 8/1/2035 (b)		1,000,000		1,089,530
Midland County, TX, Fresh Water Supply District No. 1 Revenue Series A Zero Coupon, 9/15/2033 (a)		1,530,000		615,137
North Texas, Tollway Authority Revenue Series D 5.00%, 9/1/2031		5,980,000		6,573,216
San Antonio, TX, Electric & Gas Revenue:
5.00%, 2/1/2017		180,000		201,148
5.00%, 2/1/2023		2,500,000		2,974,825
5.25%, 2/1/2024		5,000,000		6,065,050
San Antonio, TX, Independent School District, General Obligation 5.00%, 8/15/2025 (b)		2,000,000		2,265,060
Texas, A&M Permanent University Fund Revenue Series A 5.00%, 7/1/2025		935,000		1,138,260
Texas, Permanent University Fund Revenue Series B 5.00%, 7/1/2024 (c)		8,000,000		9,700,720
Texas, State General Obligation:
Series A 5.00%, 10/1/2029		450,000		504,441
Series A 5.00%, 4/1/2042		1,205,000		1,308,208
Texas, State Public Finance Authority:
Series A 5.00%, 1/1/2017		1,100,000		1,183,457
Series B 5.00%, 1/1/2018		500,000		528,520
Series B 5.00%, 7/1/2018		1,480,000		1,564,419
Texas, State Water Development Board, Revenue 5.00%, 7/15/2021		875,000		1,026,576
Tyler, TX, Independent School District, General Obligation 5.00%, 2/15/2038 (b)		500,000		551,115
University of Texas, Revenue:
Series A 4.00%, 8/15/2021		500,000		563,060
Series B 5.00%, 8/15/2017		500,000		569,795

				83,829,721

UTAH — 0.3%
Central Utah, Water Conservancy District, General Obligation Series A 5.00%, 4/1/2028		550,000		618,200
Utah, State General Obligation:
Series C 5.00%, 7/1/2016		500,000		550,745
5.00%, 7/1/2019		400,000		473,228
Series A 5.00%, 7/1/2022		1,035,000		1,230,346

				2,872,519

VIRGINIA — 2.1%
Fairfax County, VA, General Obligation:
Series A 3.00%, 4/1/2026		3,180,000		3,195,646
Series B 5.00%, 4/1/2024		900,000		1,096,119
Series A 5.00%, 4/1/2030		450,000		504,896
Virginia, College Building Authority, Educational Facilities Revenue:
Series B 3.00%, 2/1/2029		935,000		877,675
Series A 5.00%, 2/1/2021		400,000		458,324
Series B 5.00%, 9/1/2021		1,500,000		1,751,790
5.00%, 2/1/2027		3,620,000		4,078,111
Virginia, State College Building Authority, Educational Facilities Revenue Series A 4.00%, 2/1/2015		420,000		433,335
Virginia, State Public Building Authority, Public Facilities Revenue:
Series B 5.00%, 8/1/2017		3,030,000		3,433,141

284

SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Series A 5.00%, 8/1/2025	$	500,000	$	569,910
Virginia, State Public School Authority Revenue:
Series B-1 5.00%, 8/1/2017		1,000,000		1,138,350
Series C 5.00%, 8/1/2017		215,000		244,745
Virginia, State Transportation Board Revenue 4.00%, 3/15/2028		2,500,000		2,607,025

				20,389,067

WASHINGTON — 3.8%
Energy Northwest, WA, Electric Revenue Series A 5.00%, 7/1/2019		4,000,000		4,705,680
King County, WA, General Obligation 5.00%, 12/1/2020		600,000		710,484
King County, WA, School District No. 403 Renton, General Obligation 5.00%, 12/1/2022		1,540,000		1,815,106
Snohomish County, WA, School District No. 15, General Obligation 5.00%, 12/1/2018		2,250,000		2,610,900
Tacoma, WA, Electric System Revenue Series A 5.00%, 1/1/2020		1,365,000		1,603,138
Washington, State General Obligation:
Series D 3.00%, 2/1/2031		605,000		534,372
Series B-1 4.00%, 8/1/2028		395,000		409,726
5.00%, 7/1/2025		600,000		695,598
Series R-2012C 5.00%, 7/1/2025		5,265,000		6,103,872
Series A 5.00%, 8/1/2025		3,055,000		3,534,604
5.00%, 2/1/2031		6,175,000		6,966,759
Series C 5.00%, 6/1/2041		7,200,000		7,727,544

				37,417,783

WISCONSIN — 2.4%
Milwaukee, WI, General Obligation, Promissory Notes Series N1 5.00%, 2/1/2019		10,320,000		11,959,332
Wisconsin, State Department of Transportation Revenue Series 1 5.00%, 7/1/2030		7,885,000		8,945,138
Wisconsin, State General Obligation:
4.00%, 11/1/2016		1,300,000		1,415,336
Series 1 5.00%, 5/1/2017		1,485,000		1,674,724

				23,994,530

TOTAL MUNICIPAL BONDS & NOTES —
(Cost $966,210,314)				975,186,998

	Shares
SHORT TERM INVESTMENT — 0.5%
MONEY MARKET FUND — 0.5%
State Street Institutional Tax Free Money Market Fund (d)(e)(f) (Cost $4,756,988)		4,756,988		4,756,988

TOTAL INVESTMENTS — 99.8% (g)
(Cost $970,967,302)				979,943,986
OTHER ASSETS & LIABILITIES — 0.2%				1,754,948

NET ASSETS — 100.0%			$	981,698,934


		As a % of
	Insurance Coverage	Net Assets

	Permanent School Fund Guaranteed		1.42	%
	Assured Guaranty Municipal Corp.		0.37	%
	Assured Guaranty Corp.		0.07	%

(c)	When-issued security
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)	The rate shown is the annualized seven-day yield at period end.
(f)	Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(g)	Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

285

SPDR Nuveen Barclays California Municipal Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MUNICIPAL BONDS & NOTES — 98.8%
CALIFORNIA — 98.8%
Alameda County, CA, Joint Powers Authority, Lease Revenue Series A 5.25%, 12/1/2026	$	245,000	$	284,896
Alameda County, CA, Transportation Authority, Sales Tax Revenue 4.00%, 3/1/2022		1,000,000		1,133,910
California, Bay Area Toll Authority Revenue:
3.00%, 4/1/2027		500,000		483,735
5.00%, 4/1/2025		300,000		343,035
5.00%, 4/1/2028		750,000		849,653
5.13%, 4/1/2039		125,000		134,411
California, Bay Area Water Supply & Conservation Agency Revenue Series A 2.00%, 10/1/2015		500,000		512,815
California, East Bay Municipal Utility District, Water System Revenue:
Series B 5.00%, 6/1/2020		1,000,000		1,189,660
Series B 5.00%, 6/1/2023		1,000,000		1,210,820
California, Infrastructure & Economic Development Bank Revenue Series A 5.00%, 6/1/2021		500,000		598,130
California, State Department of Water Resources:
Series M 4.00%, 5/1/2019		2,000,000		2,257,140
Series L 5.00%, 5/1/2016		200,000		219,060
Series L 5.00%, 5/1/2019		1,790,000		2,107,653
California, State Department of Water Resources Revenue:
Series M 4.00%, 5/1/2016		500,000		537,315
Series L 5.00%, 5/1/2017		500,000		565,020
California, State Economic Recovery, General Obligation Series A 4.60%, 7/1/2019		1,055,000		1,223,958
California, State Educational Facilities, Authority Revenue 5.25%, 4/1/2040		500,000		637,525
California, State Public Works Board, Lease Revenue:
Series F 5.00%, 10/1/2018		1,060,000		1,246,401
5.00%, 4/1/2034		340,000		402,271
California, State University Revenue Series A 4.00%, 11/1/2032		615,000		622,565
California, William S. Hart Union High School District, Election of 2008:
Series C 4.00%, 8/1/2027		500,000		521,350
Series C 4.00%, 8/1/2038		595,000		554,558
Coast, CA, Community College District, General Obligation Series A 5.00%, 8/1/2020		1,000,000		1,191,210
Coast, CA, Community College District, General Obligation, Election of 2012 Series A 4.00%, 8/1/2032		500,000		501,525
Contra Costa County, CA, Community College District, General Obligation:
4.00%, 8/1/2030		885,000		912,169
5.00%, 8/1/2034		695,000		766,265
Contra Costa County, CA, Transportation Authority Sales Tax Revenue:
Series B 5.00%, 3/1/2023		500,000		584,745
Series B 5.00%, 3/1/2025		750,000		868,043
Grossmont, CA, Community College District, Election of 2012 Series A 5.25%, 8/1/2038		800,000		871,320
Long Beach, CA, Community College District, General Obligation Series B 5.00%, 8/1/2039		500,000		533,630
Long Beach, CA, Unified School District, General Obligation 5.00%, 8/1/2029		750,000		836,940
Los Angeles County, CA, Metropolitan Transportation Authority, Sales Tax Revenue:
5.00%, 6/1/2020		1,500,000		1,785,450
5.00%, 7/1/2026		500,000		567,910
Los Angeles, CA, Community College District, General Obligation:
Series F 4.00%, 8/1/2032		1,000,000		1,012,400
Series F 5.00%, 8/1/2029		1,000,000		1,132,060
Los Angeles, CA, Department of Airports Revenue:
Series A 5.00%, 5/15/2021		1,000,000		1,154,140
Series A 5.00%, 5/15/2034		100,000		109,816
Series B 5.00%, 5/15/2035		1,000,000		1,061,560
Series D 5.00%, 5/15/2040		1,000,000		1,059,860
Los Angeles, CA, Department of Water & Power Series A 5.00%, 7/1/2041		1,250,000		1,329,250
Los Angeles, CA, Department of Water & Power Revenue:
Series C 5.00%, 1/1/2016		2,000,000		2,139,440
Series B 5.00%, 7/1/2019		205,000		241,506
Los Angeles, CA, General Obligation Series A 5.00%, 9/1/2019		200,000		237,622
Los Angeles, CA, Harbor Department Revenue:
Series A 5.00%, 8/1/2029		515,000		575,832
Series C 5.25%, 8/1/2023		500,000		577,075
Los Angeles, CA, Solid Waste Resources Revenue Series B 5.00%, 2/1/2018		1,000,000		1,146,590
Los Angeles, CA, Unified School District, General Obligation:
Series A-1 4.00%, 7/1/2016		250,000		269,970
Series KRY 5.00%, 7/1/2018		935,000		1,085,376
Series D 5.25%, 7/1/2025		1,250,000		1,456,687
Los Angeles, CA, Wastewater System Revenue:
Series A 5.00%, 6/1/2018		500,000		579,095
Series B 5.00%, 6/1/2030		1,000,000		1,114,660
Los Angeles, CA, Water Utility, General Obligation Series A 4.00%, 9/1/2018		1,000,000		1,128,670
Marin, CA, Water District Financing Authority Series A 5.00%, 7/1/2044		500,000		535,155

286

SPDR Nuveen Barclays California Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Metropolitan Water District of Southern California:
Series C 4.00%, 10/1/2017	$	250,000	$	278,338
Series C 5.00%, 10/1/2027		500,000		613,425
Newport Mesa, CA, Unified School District Election of 2005 Zero Coupon, 8/1/2041 (a)		4,000,000		734,920
Ohlone, CA, Community College District 5.00%, 8/1/2028		600,000		682,608
Orange County, CA, Sanitation District Wastewater Revenue Series A 3.00%, 2/1/2031		500,000		441,540
Pasadena, CA, Unified School District, General Obligation 5.00%, 5/1/2034		500,000		536,705
Poway, CA, Unified School District, General Obligation Zero Coupon, 8/1/2046 (a)		3,000,000		563,520
San Antonio, CA, Community College District, General Obligation Series A Zero Coupon, 8/1/2043		2,000,000		1,047,340
San Diego County, CA, Regional Transportation Commission Revenue Series A 5.00%, 4/1/2042		500,000		539,600
San Diego County, CA, Water Authority Revenue, Certificates of Participation 5.00%, 5/1/2024		1,000,000		1,190,220
San Diego, CA, Community College District:
5.00%, 8/1/2028		500,000		571,600
5.00%, 8/1/2041		750,000		805,568
San Diego, CA, Public Facilities Financing Authority, Sewer Revenue Series B 5.00%, 5/15/2021		1,000,000		1,167,990
San Diego, CA, Public Facilities Financing Authority, Water Revenue:
Series A 5.00%, 8/1/2024		750,000		857,670
Series A 5.00%, 8/1/2028		330,000		375,177
San Francisco, CA, Bay Area Rapid Transit District Revenue Series A 5.00%, 7/1/2032		500,000		552,530
San Francisco, CA, City & County Public Utilities Commission, Water Revenue:
Series A 4.50%, 11/1/2038		315,000		324,368
Series A 5.00%, 11/1/2032		860,000		949,406
Series A 5.00%, 11/1/2041		750,000		799,598
San Francisco, CA, City & County Unified School District 4.00%, 6/15/2023		1,000,000		1,085,030
San Francisco, CA, City & County Unified School District Election of 2006 Series B 5.25%, 6/15/2022		800,000		934,672
San Joaquin County, CA, Transportation Authority, Sales Tax Revenue:
Series A 5.00%, 3/1/2027		750,000		837,030
5.25%, 3/1/2031		750,000		828,960
San Jose, CA, Financing Authority Revenue Series A 5.00%, 6/1/2039		1,400,000		1,477,826
San Marcos, CA, Unified School District Election of 2010 Series A 5.00%, 8/1/2038		600,000		629,586
San Mateo, CA, Union High School District, General Obligation Series A 5.00%, 9/1/2026		500,000		587,725
San Ramon Valley, CA, Unified School District 5.00%, 8/1/2028		500,000		566,490
Solano County, CA, Community College District, General Obligation Series A 4.38%, 8/1/2047		500,000		494,345
Sonoma County, CA, Junior College District, General Obligation 5.00%, 8/1/2019		1,000,000		1,179,680
Southern California Public Power Authority:
5.00%, 7/1/2022		1,000,000		1,162,500
5.00%, 7/1/2030		1,000,000		1,108,270
University of California, Revenue:
Series E 4.00%, 5/15/2019		1,260,000		1,425,866
Series Q 5.00%, 5/15/2021		125,000		141,061
Series AF 5.00%, 5/15/2024		1,000,000		1,196,350
5.00%, 5/15/2037		750,000		807,975
Series Q 5.25%, 5/15/2023		1,000,000		1,131,500
Ventura County, CA, Public Financing Authority, Lease Revenue:
Series A 5.00%, 11/1/2024		300,000		345,321
Series A 5.00%, 11/1/2025		600,000		686,730
Yosemite, CA, Community College District, General Obligation Zero Coupon, 8/1/2042		500,000		214,400

TOTAL MUNICIPAL BONDS & NOTES —
(Cost $73,369,613)				74,875,292

	Shares
SHORT TERM INVESTMENT — 0.0% (b)
MONEY MARKET FUND — 0.0% (b)
State Street Institutional Tax Free Money Market Fund 0.00% (c)(d)(e) (Cost $710)		710		710

TOTAL INVESTMENTS — 98.8% (f)
(Cost $73,370,323)				74,876,002
OTHER ASSETS & LIABILITIES — 1.2%				874,236

NET ASSETS — 100.0%			$	75,750,238


(a)		Non-income producing security
(b)		Amount shown represents less than 0.05% of net assets.
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedule of Investments).

287

SPDR Nuveen Barclays New York Municipal Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MUNICIPAL BONDS & NOTES — 98.4%
NEW YORK — 98.4%
Battery Park City, NY, Authority Revenue Series A 5.00%, 11/1/2024	$	500,000	$	596,475
Dutchess County, NY, Local Development Corp. Revenue Series A 5.00%, 1/1/2049		750,000		787,320
Erie County, NY, Fiscal Stability Authority Sales Tax Revenue Series A 5.00%, 5/15/2021		250,000		288,457
Erie County, NY, Industrial Development Agency Revenue 5.00%, 5/1/2026		395,000		444,948
Monroe County, NY, Industrial Development Agency, School Facility Revenue 5.00%, 5/1/2027		200,000		224,476
Monroe County, NY, Industrial Development Corp. Revenue Series A 5.00%, 7/1/2030		250,000		277,303
New York & New Jersey, Port Authority Revenue:
3.00%, 12/1/2030		200,000		180,106
4.00%, 12/1/2022		300,000		327,237
4.00%, 7/15/2037		500,000		500,970
5.00%, 7/15/2039		250,000		268,348
New York, NY, City Educational Construction Fund Revenue Series A 5.75%, 4/1/2041		85,000		96,944
New York, NY, City Transitional Finance Authority Revenue:
Series D 3.20%, 11/1/2018		140,000		151,459
Series E 5.00%, 11/1/2017		500,000		571,825
Series B 5.00%, 11/1/2018		200,000		232,298
Series S-5 5.00%, 1/15/2026		200,000		220,882
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue:
Series A 5.00%, 11/1/2018		35,000		41,060
Series A 5.00%, 11/1/2018		65,000		75,623
5.00%, 11/1/2020		500,000		588,980
New York, NY, City Water Finance Authority, Water & Sewer System Revenue:
Series DD 3.13%, 6/15/2027		165,000		162,447
Series CC-1 4.25%, 6/15/2044		500,000		499,130
Series BB 4.63%, 6/15/2046		500,000		511,445
New York, NY, General Obligation:
Series A 3.00%, 8/1/2017		200,000		213,738
Series E 4.00%, 8/1/2022		250,000		271,865
Series C 5.00%, 8/1/2024		500,000		568,660
Series E 5.00%, 8/1/2025		525,000		595,681
New York, NY, Liberty Development Corp. Revenue:
5.00%, 9/15/2032		500,000		549,465
5.13%, 1/15/2044		500,000		521,930
5.25%, 12/15/2043		500,000		536,245
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund Revenue:
Series A 5.00%, 11/15/2015		225,000		242,460
Series A 5.00%, 11/15/2031		500,000		553,790
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue 5.00%, 12/1/2016		500,000		557,285
New York, NY, Municipal Water Finance Authority Revenue:
Series EE 4.00%, 6/15/2045		255,000		245,733
Series AA 5.00%, 6/15/2044		500,000		527,460
New York, NY, Triborough Bridge & Tunnel Authority Revenue:
Series A 5.00%, 1/1/2023		250,000		290,500
Series B 5.00%, 11/15/2023		500,000		584,935
Series B 5.00%, 11/15/2023		500,000		593,555
New York, NY, Trust for Cultural Resources, Wildlife Conservation Society Revenue Series A 5.00%, 8/1/2033		250,000		271,725
New York, State Bridge Authority General Obligation 4.00%, 1/1/2027		500,000		524,775
New York, State Dormitory Authority Revenue 4.00%, 1/15/2022		500,000		527,980
New York, State Dormitory Authority Revenue, Cornell University Series A 5.00%, 7/1/2034		355,000		386,861
New York, State Dormitory Authority Revenue, Non State Supported Debt:
Series A 5.25%, 7/1/2028		500,000		565,335
Series A 5.25%, 7/1/2034		240,000		267,492
New York, State Dormitory Authority, Sales Tax Revenue Series A 4.13%, 3/15/2033		900,000		926,829
New York, State Dormitory Authority, State Personal Income Tax Revenue:
4.00%, 3/15/2019		100,000		111,681
Series B 5.00%, 2/15/2018		125,000		143,148
Series E 5.00%, 2/15/2027		350,000		401,163
Series E 5.00%, 2/15/2040		200,000		214,680
New York, State Environmental Facilities Corp. Revenue:
Series A 5.00%, 6/15/2018		250,000		290,130
5.00%, 6/15/2036		500,000		544,685
5.00%, 6/15/2041		250,000		268,403
New York, State Environmental Facilities Corp., Clean Water & Drinking Revenue Series A 4.00%, 6/15/2027		275,000		291,357
New York, State General Obligation Series C 4.50%, 2/1/2020		200,000		230,462
New York, State Power Authority Revenue Series A 5.00%, 11/15/2022		500,000		594,210
New York, State Thruway Authority, Second General Highway & Bridge Trust:
Series A-1 5.00%, 4/1/2021		300,000		351,213
Series B 5.00%, 4/1/2029		300,000		327,492
New York, State Urban Development Corp. Revenue:
Series A 3.50%, 3/15/2028		235,000		237,604
Series A 4.00%, 3/15/2024		500,000		534,390
Series A 5.00%, 3/15/2016		250,000		272,110

288

SPDR Nuveen Barclays New York Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

New York, Utility Debt Securitization Authority Revenue:
Series TE 5.00%, 12/15/2029	$	750,000	$	864,480
Series TE 5.00%, 12/15/2041		100,000		109,484
Suffolk County, NY, Water Authority 5.00%, 6/1/2021		500,000		587,205
Westchester County, NY, General Obligation Series B 3.00%, 6/1/2017		610,000		651,608

TOTAL MUNICIPAL BONDS & NOTES —
(Cost $24,343,734)				24,397,537

	Shares
SHORT TERM INVESTMENT — 1.3%
MONEY MARKET FUND — 1.3%
State Street Institutional Tax Free Money Market Fund 0.00% (a)(b)(c) (Cost $324,826)		324,826		324,826

TOTAL INVESTMENTS — 99.7% (d)
(Cost $24,668,560)				24,722,363
OTHER ASSETS & LIABILITIES — 0.3%				79,146

NET ASSETS — 100.0%			$	24,801,509

289

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MUNICIPAL BONDS & NOTES — 99.3%
ALABAMA — 1.2%
Alabama, Federal Aid Highway Finance Authority 4.00%, 3/1/2016	$	5,000,000	$	5,338,350
Alabama, Public School & College Authority Revenue:
5.00%, 5/1/2014		850,000		853,451
Series A 5.00%, 5/1/2016		4,335,000		4,735,814
Series A 5.00%, 3/1/2017		1,000,000		1,119,380
Alabama, State General Obligation Series A 5.00%, 8/1/2018		11,800,000		13,734,138

				25,781,133

ALASKA — 0.1%
Alaska, State General Obligation Series A 5.00%, 8/1/2016		1,250,000		1,381,550
Alaska, State Municipal Bond Bank Authority Revenue 5.00%, 9/1/2016		1,000,000		1,106,440

				2,487,990

ARIZONA — 0.9%
Arizona, Phoenix Civic Improvement Corp., Water System Revenue:
5.00%, 7/1/2017		300,000		339,033
Series A 5.00%, 7/1/2017		1,775,000		2,005,945
Arizona, Salt River Project, Agricultural Improvement & Power District Revenue:
Series B 4.00%, 1/1/2017		500,000		543,910
Series A 4.00%, 12/1/2017		1,310,000		1,452,423
Arizona, State Transportation Board Revenue Series A 5.00%, 7/1/2018		5,435,000		6,277,317
Maricopa County, AZ, Community College District, General Obligation 3.00%, 7/1/2018		2,350,000		2,522,490
Maricopa County, AZ, Regional Public Transportation Authority, Excise Tax Revenue:
5.25%, 7/1/2018		1,000,000		1,167,090
5.25%, 7/1/2019		1,550,000		1,833,464
Phoenix, AZ, Civic Improvement Corp. Transportation, Excise Tax Revenue 4.00%, 7/1/2018		2,200,000		2,449,304

				18,590,976

CALIFORNIA — 10.2%
Alameda County, CA, Transportation Authority Sales Tax Revenue 4.00%, 3/1/2019		4,000,000		4,516,240
Brea, CA, Redevelopment Successor Agency, Tax Allocation 5.00%, 8/1/2018		1,200,000		1,379,688
California, State Department of Water Resources Series L 5.00%, 5/1/2019		12,100,000		14,247,266
California, State Department of Water Resources Revenue:
Series L 4.00%, 5/1/2015		7,630,000		7,946,187
Series M 4.00%, 5/1/2015		6,640,000		6,912,970
Series M 4.00%, 5/1/2016		5,710,000		6,136,137
Series L 5.00%, 5/1/2015		6,000,000		6,311,220
Series M 5.00%, 5/1/2016		6,925,000		7,584,953
Series L 5.00%, 5/1/2017		2,140,000		2,418,286
California, State Economic Recovery Series A 5.00%, 7/1/2018		11,550,000		13,397,076
California, State Public Works Board, Lease Revenue Series F 5.00%, 10/1/2016		4,505,000		5,026,003
California, State University Revenue:
Series A 4.00%, 11/1/2018		1,775,000		1,988,994
Series A 5.00%, 11/1/2018		1,000,000		1,164,880
Contra Costa, CA, Water District Revenue 3.00%, 10/1/2015		11,750,000		12,229,870
Contra Costa, CA, Transportation Authority Sales Tax Revenue Series B 5.00%, 3/1/2018		2,290,000		2,643,324
East Bay, CA, Municipal Utility District, Water System Revenue Series B 5.00%, 6/1/2017		10,000,000		11,341,900
Los Angeles County, CA, Metropolitan Transportation Authority, Sales Tax Revenue:
Series B 5.00%, 7/1/2017		930,000		1,056,127
Series B 5.00%, 7/1/2018		2,040,000		2,370,847
Los Angeles, CA, Department of Water & Power Revenue:
Series A 3.00%, 7/1/2018		1,530,000		1,652,201
Series A 5.00%, 7/1/2015		1,540,000		1,633,617
Series C 5.00%, 1/1/2016		4,000,000		4,278,880
Series A 5.00%, 7/1/2018		450,000		523,796
Series A 5.00%, 7/1/2018		2,580,000		2,999,585
Series B 5.00%, 7/1/2018		1,000,000		1,164,440
Los Angeles, CA, General Obligation:
Series A 5.00%, 9/1/2016		10,000,000		11,097,500
Series A 5.00%, 9/1/2017		13,230,000		15,129,696
Los Angeles, CA, Solid Waste Resources Revenue Series B 5.00%, 2/1/2018		6,370,000		7,303,778
Los Angeles, CA, Unified School District, General Obligation:
Series A-1 4.00%, 7/1/2016		2,500,000		2,699,700
Series D 4.00%, 7/1/2017		750,000		827,468
5.00%, 7/1/2017		1,000,000		1,135,270
Los Angeles, CA, Wastewater System Revenue Series A 5.00%, 6/1/2018		1,000,000		1,158,190
Orange County, CA, Sanitation District Wastewater Revenue Series A 5.00%, 8/1/2015		500,000		531,805
San Diego, CA, County Water Authority Revenue 5.00%, 7/1/2016		10,000,000		10,972,800
San Diego, CA, Public Facilities Financing Authority, Sewer Revenue 5.00%, 5/15/2015		2,165,000		2,280,351

290

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

San Francisco, CA, City & County Public Utilities Commission, Water Revenue:
Series A 4.00%, 10/1/2015	$	875,000	$	923,510
Series D 5.00%, 11/1/2015		3,435,000		3,689,499
Series A 5.00%, 10/1/2017		1,000,000		1,147,060
San Francisco, CA, City & County, Certificates of Participation:
Series B 4.00%, 9/1/2015		5,000,000		5,258,850
Series B 5.00%, 9/1/2016		5,260,000		5,785,158
San Francisco, CA, Unified School District, General Obliagtion 5.00%, 6/15/2017		8,170,000		9,254,649
Southern California, Metropolitan Water District Revenue:
Series C 4.00%, 10/1/2015		1,040,000		1,098,302
Series A 5.00%, 7/1/2019		7,250,000		8,581,317
Southern California, State Public Power Authority Revenue:
5.00%, 7/1/2016		725,000		800,299
Series A 5.00%, 7/1/2017		350,000		398,192
University of California, Revenue:
Series AF 4.00%, 5/15/2019		3,250,000		3,677,830
Series AF 5.00%, 5/15/2015		1,000,000		1,053,630
5.00%, 5/15/2018		3,500,000		4,058,600

				219,787,941

COLORADO — 0.7%
Colorado, State Department of Transportation Revenue 5.00%, 12/15/2016		8,900,000		9,942,101
Denver, CO, City & County School District No. 1, General Obligation Series B 4.00%, 12/1/2017		3,600,000		3,979,044
Metropolitan Wastewater Reclamation District, CO, Sewer Revenue:
Series A 5.00%, 4/1/2016		145,000		158,237
Series A 5.00%, 4/1/2019		570,000		671,061

				14,750,443

CONNECTICUT — 2.0%
Connecticut, State General Obligation:
Series D 3.00%, 11/1/2016		3,500,000		3,714,550
Series C 5.00%, 12/1/2015		600,000		647,424
Series A 5.00%, 1/1/2016		490,000		529,229
Series A 5.00%, 4/1/2017		950,000		1,066,926
Series A 5.00%, 10/15/2018		3,855,000		4,486,488
Connecticut, State Health & Educational Facility Authority Revenue:
Series A-3 0.88%, 7/1/2049 (a)		4,865,000		4,831,140
Series A-4 5.00%, 7/1/2049 (a)		5,000,000		5,207,900
Connecticut, State Revolving Fund, General Revenue Series A 5.00%, 6/1/2018		1,500,000		1,738,605
Connecticut, State Special Tax Obligation Revenue:
5.00%, 11/1/2015		500,000		537,125
Series 1 5.00%, 2/1/2016		3,255,000		3,525,523
Series A 5.00%, 11/1/2016		2,650,000		2,950,695
Series 1 5.00%, 2/1/2017		1,000,000		1,115,700
Series B 5.00%, 1/1/2018		9,650,000		10,996,175
Series A 5.00%, 10/1/2018		1,805,000		2,088,800

				43,436,280

DELAWARE — 1.1%
Delaware, State General Obligation:
Series 2009C 2.00%, 10/1/2014		225,000		227,102
Series A 5.00%, 7/1/2015		4,000,000		4,239,040
Series B 5.00%, 2/1/2017		585,000		656,358
Series B 5.00%, 2/1/2018		1,000,000		1,151,870
Delaware, State Transportation Authority System Revenue 5.00%, 7/1/2017		15,500,000		17,537,940

				23,812,310

DISTRICT OF COLUMBIA — 0.2%
District of Columbia, Income Tax Revenue:
Series A 4.00%, 12/1/2015		1,495,000		1,587,361
Series A 5.00%, 12/1/2016		2,000,000		2,237,040
Series D 5.00%, 12/1/2016		1,000,000		1,118,520

				4,942,921

FLORIDA — 5.2%
Florida, State Board of Education, Capital Outlay, General Obligation:
Series C 5.00%, 6/1/2017		795,000		900,083
Series A 5.00%, 6/1/2018		4,000,000		4,616,840
Series B 5.00%, 6/1/2018		4,250,000		4,914,785
Florida, State Board of Education, General Obligation Series D 5.00%, 6/1/2017		8,210,000		9,295,198
Florida, State Department of Transportation Series B 5.00%, 7/1/2018		15,000,000		17,338,200
Florida, State Hurricane Catastrophe Fund Revenue:
Series A 5.00%, 7/1/2015		5,000,000		5,294,900
Series A 5.00%, 7/1/2016		20,145,000		22,065,624
Florida, State Turnpike Authority Revenue:
Series C 5.00%, 7/1/2018		10,400,000		12,021,152
Series C 5.00%, 7/1/2019		10,000,000		11,714,600
Florida, Water Pollution Control Financing Revenue Series A 5.00%, 7/15/2018		1,500,000		1,737,255
Jacksonville, FL, Special Tax Revenue:
Series B 5.00%, 10/1/2015		7,705,000		8,262,611
Series B-1 5.00%, 10/1/2018		1,000,000		1,160,070
JEA, FL, Electric System Revenue Series A 5.00%, 10/1/2015		1,000,000		1,070,810
JEA, FL, Water & Sewer System Revenue 5.00%, 10/1/2018		1,200,000		1,391,520
Lakeland, FL, Energy Systems Revenue 5.00%, 10/1/2015 (b)		7,510,000		8,026,538
Manatee County, FL, Refunding Improvement Revenue 4.00%, 10/1/2017		1,300,000		1,434,069

291

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Palm Beach County, FL, Public Improvement Revenue 5.00%, 6/1/2018	$	1,380,000	$	1,583,729

				112,827,984

GEORGIA — 2.9%
Forsyth County, GA, School District, General Obligation 5.00%, 2/1/2018		2,000,000		2,293,980
Fulton County, GA, Water & Sewer Revenue 5.00%, 1/1/2017		2,465,000		2,747,588
Georgia, State General Obligation:
Series E-2 4.00%, 9/1/2016		4,400,000		4,769,732
Series B 4.00%, 1/1/2017		500,000		545,055
Series J-1 4.00%, 7/1/2017		500,000		551,305
Series J-2 4.00%, 11/1/2017		1,700,000		1,887,034
Series E 5.00%, 7/1/2016		2,990,000		3,293,455
Series I 5.00%, 11/1/2016		7,480,000		8,336,909
Series F 5.00%, 12/1/2016		4,790,000		5,353,639
Series A 5.00%, 7/1/2017		5,000,000		5,672,900
Series A 5.00%, 1/1/2018		5,000,000		5,743,100
Georgia, State Road & Tollway Authority Revenue Series A 5.00%, 3/1/2016		4,590,000		4,992,497
Gwinnett Country, GA, Water & Sewer Authority Revenue 5.00%, 8/1/2016		4,000,000		4,418,000
Gwinnett County, GA, School District, General Obligation:
Series A 4.00%, 10/1/2015		1,325,000		1,399,478
Series A 4.00%, 10/1/2016		5,000,000		5,431,950
Series A 4.50%, 10/1/2017		1,150,000		1,292,531
5.00%, 2/1/2019		1,000,000		1,172,060
Richmond County, GA, Board of Education, General Obligation 5.00%, 10/1/2017		2,250,000		2,559,983

				62,461,196

HAWAII — 1.7%
Hawaii, State General Obligation:
Series EA 5.00%, 12/1/2016		1,965,000		2,194,552
Series EH 5.00%, 8/1/2018		3,000,000		3,482,070
Series EF 5.00%, 11/1/2018		23,005,000		26,820,379
Honolulu County, HI, Wastewater System Revenue Series A 5.00%, 7/1/2018		1,000,000		1,155,880
Honolulu, HI, City & County General Obligation 5.25%, 7/1/2016 (b)		2,250,000		2,483,415

				36,136,296

ILLINOIS — 1.2%
Chicago, IL, Transit Authority, Sales Tax Revenue Series A 5.00%, 12/1/2018		2,250,000		2,558,587
Cook County, IL, General Obligation Series A 5.00%, 11/15/2016		1,755,000		1,945,961
Illinois, State Finance Authority Revenue 5.00%, 1/1/2019		1,535,000		1,770,976
Illinois, State Sales Tax Revenue:
3.00%, 6/15/2016		2,000,000		2,098,000
5.00%, 6/15/2015		2,575,000		2,719,844
5.00%, 6/15/2018		1,945,000		2,242,488
Illinois, State Unemployment Insurance Fund, Building Receipts Revenue:
Series A 5.00%, 6/15/2016		1,625,000		1,785,534
Series B 5.00%, 6/15/2017		10,000,000		11,133,700

				26,255,090

INDIANA — 0.1%
Indianapolis, IN, Public Improvement Bond Bank Revenue Series B 5.00%, 2/1/2016		2,000,000		2,167,360

IOWA — 0.2%
Iowa, State General Obligation:
Series A 5.00%, 6/1/2015		1,000,000		1,055,520
Series A 5.00%, 6/1/2017		2,585,000		2,911,951

				3,967,471

KANSAS — 0.4%
Kansas, State Department of Transportation, Highway Revenue:
Series C 5.00%, 9/1/2015		1,500,000		1,600,740
Series A 5.00%, 9/1/2016		1,200,000		1,329,864
Kansas, State Development Finance Authority Revenue 5.00%, 3/1/2018		4,705,000		5,419,172

				8,349,776

KENTUCKY — 0.7%
Kentucky, State Asset Liability Commission Agency Revenue Series A 5.00%, 9/1/2018		2,500,000		2,872,100
Kentucky, State Infrastructure Authority Revenue:
Series A 5.00%, 2/1/2016		1,700,000		1,841,287
Series A 5.00%, 2/1/2017		2,145,000		2,400,856
Kentucky, State Property & Buildings Commission Revenue:
5.00%, 8/1/2014		225,000		228,582
Series A 5.00%, 8/1/2016		4,690,000		5,161,673
Kentucky, State Turnpike Authority Revenue:
Series A 4.00%, 7/1/2017		1,150,000		1,263,723
5.00%, 7/1/2016		1,865,000		2,049,859

				15,818,080

LOUISIANA — 0.4%
Louisiana, State Gas & Fuels Tax Revenue Series A-1 5.00%, 5/1/2018		2,035,000		2,344,462
Louisiana, State General Obligation:
Series C 5.00%, 7/15/2018		2,000,000		2,323,620
Series A 5.00%, 9/1/2018		1,650,000		1,920,897
Louisiana, State Highway Improvement Revenue Series A 5.00%, 6/15/2019		1,000,000		1,175,530

				7,764,509

292

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MAINE — 0.0% (c)
Maine, State General Obligation Series B 5.00%, 6/1/2017	$	165,000	$	186,754

MARYLAND — 6.0%
Anne Arundel County, MD, General Obligation 5.00%, 4/1/2016		1,000,000		1,090,240
Baltimore County, MD, General Obligation:
5.00%, 2/1/2016		2,000,000		2,168,140
5.00%, 8/1/2017		4,000,000		4,546,320
Series B 5.00%, 10/15/2017		1,000,000		1,137,770
Howard County, MD, General Obligation Series B 5.00%, 8/15/2017		4,745,000		5,403,938
Maryland, State Department of Transportation, Revenue 5.00%, 5/1/2016		2,000,000		2,188,420
Maryland, State General Obligation:
Series A 3.50%, 3/15/2016		1,610,000		1,707,164
Series B 4.50%, 8/1/2017		3,270,000		3,667,632
Series B 5.00%, 8/1/2015		285,000		303,129
Series C 5.00%, 3/1/2016		2,240,000		2,436,426
Series B 5.00%, 8/1/2016		4,875,000		5,390,434
Series E 5.00%, 8/1/2016		8,400,000		9,288,132
Series C 5.00%, 11/1/2016		1,025,000		1,143,552
5.00%, 3/1/2018		9,185,000		10,590,672
Series A 5.00%, 3/1/2018		22,515,000		25,960,696
Series B 5.00%, 3/15/2019		7,300,000		8,590,786
Montgomery County, MD, General Obligation:
Series A 5.00%, 7/1/2015		525,000		556,374
Series A 5.00%, 8/1/2015		15,150,000		16,113,691
Series A 5.00%, 7/1/2016		3,835,000		4,224,214
Series A 5.00%, 7/1/2016		5,000,000		5,507,450
Series A 5.00%, 7/1/2017		5,000,000		5,671,200
Washington, MD, Suburban Sanitation District, General Obligation:
4.00%, 6/1/2016		2,700,000		2,905,281
5.00%, 6/1/2017		7,150,000		8,085,434

				128,677,095

MASSACHUSETTS — 4.1%
Boston, MA, General Obligation Series A 5.00%, 4/1/2016		7,115,000		7,767,517
Massachusetts Bay Transportation Authority, Sales Tax Revenue:
Series A 4.00%, 7/1/2017		8,000,000		8,820,880
Series B 5.00%, 7/1/2017		940,000		1,066,505
Massachusetts, State Federal Highway Revenue Series A 5.00%, 6/15/2018		3,500,000		4,061,820
Massachusetts, State General Obligation:
Series C 4.00%, 12/1/2015		2,915,000		3,095,584
Series D 5.00%, 10/1/2015		7,000,000		7,496,790
Series B 5.00%, 7/1/2016		1,000,000		1,101,960
Series B 5.00%, 8/1/2016		8,900,000		9,836,636
Series A 5.00%, 3/1/2017		1,305,000		1,465,202
Series B 5.00%, 8/1/2018		1,700,000		1,973,173
Series A 5.00%, 12/1/2018		7,000,000		8,174,460
Massachusetts, State School Building Authority, Sales Tax Revenue Series B 5.00%, 8/15/2017		5,000,000		5,687,200
Massachusetts, State Special Obligation Revenue Series A 5.00%, 6/15/2015		2,100,000		2,219,175
Massachusetts, State Transportation Fund Revenue 5.00%, 6/1/2017		9,840,000		11,150,491
Massachusetts, State Transportation Fund, Revenue Series A 5.00%, 6/1/2018		10,635,000		12,340,854
Massachusetts, State Water Pollution Abatement Trust Revenue 5.00%, 8/1/2016		1,000,000		1,105,730

				87,363,977

MICHIGAN — 1.8%
Michigan, State Finance Authority Revenue:
Series A 5.00%, 7/1/2015		1,000,000		1,060,790
Series A 5.00%, 1/1/2016		100,000		107,970
Series A 5.00%, 7/1/2017		10,000,000		11,411,600
5.00%, 10/1/2018		2,000,000		2,328,700
Michigan, State General Obligation 5.00%, 11/1/2017		20,415,000		23,301,069

				38,210,129

MINNESOTA — 3.9%
Minnesota, State General Fund Revenue Series B 5.00%, 3/1/2017		3,500,000		3,918,915
Minnesota, State General Obligation:
Series F 4.00%, 8/1/2015		600,000		630,132
Series F 4.00%, 8/1/2016		1,475,000		1,596,820
Series D 5.00%, 8/1/2015		7,675,000		8,162,209
Series A 5.00%, 10/1/2015		1,570,000		1,681,423
Series A 5.00%, 8/1/2016		400,000		442,292
Series D 5.00%, 8/1/2016		1,000,000		1,105,730
Series E 5.00%, 8/1/2016		1,550,000		1,713,881
Series A 5.00%, 10/1/2016		5,000,000		5,562,350
Series A 5.00%, 8/1/2017		3,000,000		3,411,870
Series D 5.00%, 8/1/2017		5,340,000		6,073,129
Series E 5.00%, 8/1/2017		1,000,000		1,137,290
Series B 5.00%, 3/1/2018		11,500,000		13,188,430
Series D 5.00%, 8/1/2018		2,000,000		2,326,900
Series A 5.00%, 10/1/2018		2,700,000		3,151,467
Series D 5.00%, 10/1/2018		18,465,000		21,552,533
University of Minnesota, Revenue Series A 5.00%, 12/1/2015		7,000,000		7,549,570

				83,204,941

MISSISSIPPI — 0.1%
Mississippi, State General Obligation Series F 4.00%, 11/1/2018		2,525,000		2,828,202

MISSOURI — 0.6%
Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Revenue Bond Series A 5.00%, 10/1/2018		1,250,000		1,445,950

293

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Missouri, State Environmental Improvement & Energy Resources Authority Series A 5.00%, 1/1/2018	$	1,975,000	$	2,266,964
Missouri, State Highways & Transportation Commission, State Road Revenue:
Series A 2.50%, 5/1/2016		500,000		521,385
Series A 5.00%, 5/1/2016		625,000		684,019
Series A 5.00%, 5/1/2017		2,990,000		3,373,946
Series A 5.00%, 5/1/2018		4,525,000		5,209,225

				13,501,489

NEBRASKA — 0.1%
Omaha, NE, Public Power District Electric Revenue:
Series A 5.00%, 2/1/2016		2,000,000		2,165,440
Series C 5.00%, 2/1/2018		1,000,000		1,148,210

				3,313,650

NEVADA — 0.5%
Clark County, NV, Highway Improvement Revenue 5.00%, 7/1/2016		2,685,000		2,926,516
Clark County, NV, Sales and Excise Tax Revenue Series B 3.00%, 7/1/2015		2,985,000		3,069,535
Nevada, State General Obligation Series D-1 4.00%, 3/1/2016		1,500,000		1,600,920
Neveda, State Highway Improvement Revenue 4.00%, 12/1/2017		2,900,000		3,194,350

				10,791,321

NEW HAMPSHIRE — 0.2%
New Hampshire, State Federal Highway Revenue 5.00%, 9/1/2018		2,065,000		2,383,815
New Hampshire, State General Obligation Series A 5.00%, 7/1/2018		1,360,000		1,579,953
New Hampshire, State Municipal Bond Bank Revenue Series A 5.00%, 8/15/2017		1,265,000		1,428,944

				5,392,712

NEW JERSEY — 0.6%
Garden, State Preservation Trust, NJ, Open Space & Farmland Series A 5.00%, 11/1/2018		1,490,000		1,736,386
New Jersey, State General Obligation:
5.00%, 8/1/2015		2,445,000		2,598,839
Series Q 5.00%, 8/15/2016		4,850,000		5,362,791
Series Q 5.00%, 8/15/2018		1,000,000		1,159,790
New Jersey, State Higher Education Assistance Authority, Student Loan Revenue:
Series A 5.00%, 12/1/2014		250,000		257,600
Series 1A 5.00%, 12/1/2018		1,325,000		1,487,021

				12,602,427

NEW MEXICO — 2.0%
Albuquerque, NM, Municipal School District No. 12, General Obligation Series A 3.00%, 8/1/2015		8,250,000		8,552,775
New Mexico, State Finance Authority Transportation Revenue:
5.00%, 6/15/2017		2,000,000		2,264,840
5.00%, 6/15/2018		10,430,000		12,076,271
New Mexico, State General Obligation:
2.00%, 3/1/2016		5,625,000		5,796,169
5.00%, 3/1/2017		2,500,000		2,806,900
5.00%, 3/1/2018		1,000,000		1,152,210
New Mexico, State Severance Tax Revenue:
Series A-2 5.00%, 7/1/2015		1,000,000		1,059,500
Series B 5.00%, 7/1/2016		100,000		110,101
Series A 5.00%, 7/1/2018		8,470,000		9,809,276

				43,628,042

NEW YORK — 16.9%
Nassau County, NY, Interim Finance Authority Revenue Series A 5.00%, 11/15/2017		2,000,000		2,282,680
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue Series FF 5.00%, 6/15/2018		2,195,000		2,530,725
New York, NY, City Transitional Finance Authority Revenue:
Series C 5.00%, 11/1/2015		9,865,000		10,602,409
Series E 5.00%, 11/1/2015		5,000,000		5,373,750
Series E 5.00%, 11/1/2017		500,000		571,825
Series B 5.00%, 11/1/2018		3,605,000		4,187,171
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue:
Sub-Series I-2 4.00%, 11/1/2015		305,000		322,998
Series B 5.00%, 11/1/2014		285,000		293,014
5.00%, 11/1/2015		4,180,000		4,492,455
Sub-Series I-2 5.00%, 11/1/2015		835,000		897,416
SubSeries C-1 5.00%, 11/1/2015		550,000		591,113
Series A 5.00%, 11/1/2016		45,000		50,229
Series A 5.00%, 11/1/2016		1,455,000		1,618,513
Series C 5.00%, 11/1/2016		1,250,000		1,390,475
Series D 5.00%, 11/1/2016		5,000,000		5,561,900
Series B 5.00%, 11/1/2017		15,000,000		17,154,750
Series B 5.00%, 11/1/2017		2,295,000		2,624,677
Series B 5.00%, 11/1/2017		765,000		874,892
Sub-Series A-1 5.00%, 11/1/2017		1,490,000		1,704,039
Sub-Series B1 5.00%, 11/1/2017		5,000,000		5,718,250
New York, NY, General Obligation:
Series F-1 3.00%, 3/1/2015		9,490,000		9,735,316
Series B 4.00%, 8/1/2015		1,000,000		1,050,220
Series E 4.00%, 8/1/2015		450,000		472,599
Series H 4.00%, 8/1/2017		990,000		1,090,386
5.00%, 6/1/2015		6,110,000		6,450,694
5.00%, 8/1/2015		3,000,000		3,190,440
Series B 5.00%, 8/1/2015		7,500,000		7,976,100
Series E 5.00%, 8/1/2015		3,250,000		3,456,310
Series I 5.00%, 8/1/2015		2,735,000		2,908,618
Series I-1 5.00%, 8/1/2015		9,600,000		10,209,408

294

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Series B 5.00%, 8/1/2016	$	5,000,000	$	5,520,050
Series B 5.00%, 8/1/2016		4,295,000		4,741,723
Series F 5.00%, 8/1/2016		1,455,000		1,606,335
5.00%, 3/1/2017		5,000,000		5,596,900
Series F-1 5.00%, 3/1/2017		3,500,000		3,917,830
Series H-1 5.00%, 3/1/2017		3,910,000		4,376,776
Series C 5.00%, 8/1/2017		425,000		481,997
Series D 5.00%, 8/1/2017		5,435,000		6,163,888
Series E 5.00%, 8/1/2017		2,950,000		3,345,624
Series E 5.00%, 8/1/2017		2,050,000		2,324,926
Series G 5.00%, 8/1/2017		2,320,000		2,631,135
Series B 5.00%, 8/1/2018		10,000,000		11,552,000
Series E 5.00%, 8/1/2018		11,725,000		13,544,720
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund Revenue Series A 5.00%, 11/15/2015		6,525,000		7,031,340
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue:
4.00%, 12/1/2018		1,000,000		1,109,740
5.00%, 12/1/2016		5,375,000		5,990,814
New York, State Dormitory Authority:
4.00%, 5/15/2015		950,000		989,368
Series A 5.00%, 4/1/2016		3,190,000		3,474,516
Series A 5.00%, 7/1/2018		1,000,000		1,152,290
New York, State Dormitory Authority, Sales Tax Revenue:
Series A 3.00%, 3/15/2019		3,000,000		3,225,780
5.00%, 3/15/2019		5,000,000		5,852,650
New York, State Dormitory Authority, State Personal Income Tax Revenue:
Series C 4.00%, 3/15/2015		400,000		414,576
Series A 4.00%, 2/15/2016		500,000		533,440
4.00%, 3/15/2018		975,000		1,081,997
Series E 5.00%, 2/15/2015		250,000		260,475
5.00%, 3/15/2015		500,000		522,865
Series A 5.00%, 2/15/2016		5,025,000		5,456,396
Series E 5.00%, 2/15/2016		2,650,000		2,876,469
5.00%, 6/15/2016		2,300,000		2,526,159
Series C 5.00%, 3/15/2017		370,000		415,677
Series E 5.00%, 8/15/2017		1,675,000		1,904,609
5.00%, 2/15/2018		6,300,000		7,214,634
5.00%, 2/15/2018		500,000		572,590
Series B 5.00%, 2/15/2018		500,000		572,590
5.00%, 3/15/2018		5,715,000		6,562,249
Series B 5.00%, 3/15/2018		11,925,000		13,692,881
Series E 5.00%, 8/15/2018		9,600,000		11,125,056
New York, State Environmental Facilities Revenue:
4.00%, 8/15/2015		2,730,000		2,871,496
5.00%, 6/15/2016		3,690,000		4,056,269
Series A 5.00%, 8/15/2016		1,595,000		1,763,639
Series A 5.00%, 12/15/2016		765,000		856,104
Series A 5.00%, 6/15/2017		8,000,000		9,059,360
New York, State General Obligation:
Series I 5.00%, 8/1/2017		4,025,000		4,564,793
Series A-1 5.00%, 10/1/2017		5,175,000		5,899,448
Series C 5.00%, 4/15/2018		6,150,000		7,106,878
New York, State Local Government Assistance Corp. Revenue:
Series B 5.00%, 4/1/2016		200,000		218,258
Series A 5.00%, 4/1/2018		4,500,000		5,184,000
Series B 5.00%, 4/1/2018		2,300,000		2,649,600
New York, State Thruway Authority Personal Income Tax Revenue Series A 5.00%, 3/15/2017		2,950,000		3,314,177
New York, State Thruway Authority, Second General Highway & Bridge Trust Fund Series A 5.00%, 4/1/2018		2,940,000		3,368,270
New York, State Urban Development Corp. Revenue:
Series C 5.00%, 12/15/2015		390,000		421,613
Series B 5.00%, 1/1/2016		10,000,000		10,811,600
Series A 5.00%, 3/15/2016		11,100,000		12,081,684
Series B-1 5.00%, 3/15/2017		605,000		679,687
5.00%, 12/15/2017		975,000		1,119,758
New York, Triborough Bridge & Tunnel Authority Revenue:
Series B 4.00%, 11/15/2016		5,300,000		5,767,142
Series A 4.00%, 11/15/2017		2,300,000		2,543,616
Series B 5.00%, 11/15/2016		2,000,000		2,228,120
Series B 5.00%, 11/15/2017		3,350,000		3,823,489
New York, Utility Debt Securitization Authority Revenue Series TE 5.00%, 12/15/2018		1,000,000		1,109,110
Oyster Bay, NY, General Obligation Series B 3.00%, 11/1/2018 (b)		5,000,000		5,305,500
Westchester County, NY, General Obligation 5.00%, 11/1/2016		600,000		669,066

				363,219,114

NORTH CAROLINA — 4.1%
Buncombe County, NC, General Obligation Series A 5.00%, 6/1/2019		600,000		699,684
Guilford County, NC, General Obligation:
Series A 5.00%, 3/1/2017		9,220,000		10,346,223
Series C 5.00%, 10/1/2018		4,765,000		5,552,655
Mecklenburg County, NC, General Obligation:
Series C 5.00%, 12/1/2016		4,000,000		4,474,080
Series A 5.00%, 12/1/2017		2,200,000		2,525,820
Mecklenburg County, NC, Public Facilities Corp. 5.00%, 3/1/2017		4,400,000		4,923,908
North Carolina, State Capital Improvement Revenue Series A 5.00%, 5/1/2016		6,000,000		6,561,300
North Carolina, State General Obligation:
Series D 3.00%, 6/1/2019		7,175,000		7,752,013
Series B 5.00%, 6/1/2015		1,125,000		1,187,865
Series A 5.00%, 3/1/2016		5,500,000		5,982,295
Series A 5.00%, 5/1/2016		4,745,000		5,189,939
Series A 5.00%, 3/1/2017		4,080,000		4,583,390
Series A 5.00%, 3/1/2018		2,165,000		2,497,241
Series B 5.00%, 6/1/2018		1,000,000		1,161,730

295

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Series E 5.00%, 5/1/2019	$	14,000,000	$	16,499,560
North Carolina, State Grant & Anticipation Revenue 4.00%, 3/1/2016		1,030,000		1,097,661
North Carolina, State Turnpike Authority Monroe Connector System, Revenue 5.00%, 7/1/2018		3,020,000		3,478,557
Wake County, NC, General Obligation:
Series D 4.00%, 2/1/2016		705,000		751,438
5.00%, 3/1/2016		3,100,000		3,371,839

				88,637,198

OHIO — 3.0%
Columbus, OH, General Obligation:
Series A 5.00%, 7/1/2017		110,000		124,615
Series A 5.00%, 6/1/2018		4,780,000		5,536,148
Hamilton County, OH, Sewer System Revenue Series A 5.00%, 12/1/2018		2,580,000		2,996,360
Ohio, State Building Authority Revenue:
Series C 4.00%, 10/1/2015		3,145,000		3,320,805
Series C 4.00%, 10/1/2016		3,000,000		3,249,060
Series B 5.00%, 10/1/2017		2,150,000		2,444,615
Series B 5.00%, 10/1/2018		1,400,000		1,621,452
Ohio, State General Obligation:
Series B 4.00%, 3/15/2015		420,000		435,305
Series C 5.00%, 9/15/2015		10,500,000		11,224,605
5.00%, 7/1/2016		3,225,000		3,551,531
Series A 5.00%, 9/15/2016		1,000,000		1,108,920
Series B 5.00%, 9/15/2016		1,080,000		1,197,634
Series C 5.00%, 9/15/2016		2,000,000		2,217,840
Series A 5.00%, 12/1/2016		2,830,000		3,159,808
Series A 5.00%, 9/15/2017		5,000,000		5,693,000
Ohio, State Infrastructure Project Revenue:
Series 1 4.00%, 12/15/2015		1,000,000		1,063,220
Series 3 5.00%, 12/15/2016		12,930,000		14,451,344
Ohio, State Water Development Authority Revenue 5.00%, 12/1/2015		715,000		771,263

				64,167,525

OKLAHOMA — 0.8%
Oklahoma City, Water Utilities Trust, Water & Sewer Revenue 5.00%, 7/1/2018		1,000,000		1,159,470
Oklahoma, Capital Improvement Authority, State Facilities Revenue Series A 5.00%, 7/1/2018		2,225,000		2,560,864
Oklahoma, Capital Improvement Authority, State Highway Capital Improvement Revenue Series A 4.00%, 7/1/2017		1,010,000		1,106,819
Oklahoma, State General Obligation Series A 5.00%, 7/15/2018		2,480,000		2,874,518
Oklahoma, State Turnpike Authority Revenue:
Series A 5.00%, 1/1/2017		5,000,000		5,571,750
Series A 5.00%, 1/1/2019		2,775,000		3,238,924

				16,512,345

OREGON — 0.5%
Oregon, State Department of Administrative Services Lottery Revenue Series A 5.00%, 4/1/2015		1,000,000		1,047,870
Oregon, State Department of Transportation, Highway User Tax Revenue:
Series A 5.00%, 11/15/2017		1,405,000		1,609,512
Series A 5.00%, 11/15/2018		1,000,000		1,169,660
Oregon, State General Obligation:
Series J 5.00%, 5/1/2016		1,000,000		1,094,860
Series I 5.00%, 5/1/2018		1,900,000		2,197,141
Salem-Keizer, OR, School District No. 24J, General Obligation Series A 4.00%, 6/15/2015		1,250,000		1,306,750
Washington County, OR, School District No. 48J Beaverton, General Obligation Series B 4.00%, 6/15/2019		1,300,000		1,454,362

				9,880,155

PENNSYLVANIA — 4.4%
Pennsylvania, Intergovernmental Cooperative Authority, Special Tax Revenue 5.00%, 6/15/2015		5,000,000		5,287,500
Pennsylvania, State Economic Development Financing Authority, Unemployment Compensation Revenue:
Series A 4.00%, 1/1/2017		5,220,000		5,679,934
Series A 5.00%, 7/1/2015		500,000		529,880
Series A 5.00%, 7/1/2018		8,000,000		9,272,160
Pennsylvania, State General Obligation:
5.00%, 7/1/2016		1,700,000		1,872,533
Series A 5.00%, 5/1/2017		2,000,000		2,254,860
5.00%, 6/1/2017		18,565,000		20,987,733
5.00%, 7/1/2017		4,000,000		4,532,800
5.00%, 7/1/2017		21,000,000		23,797,200
Series A 5.00%, 5/1/2018		1,000,000		1,152,070
5.00%, 7/1/2018		4,185,000		4,839,199
5.00%, 7/1/2018		1,025,000		1,185,228
Series A 5.00%, 7/15/2018		5,000,000		5,788,600
Pennsylvania, State Higher Educational Facilities Authority Revenue 5.00%, 6/15/2015		7,110,000		7,516,123

				94,695,820

SOUTH CAROLINA — 0.6%
Richland County, SC, School District No. 1, General Obligation Series A 5.00%, 3/1/2018		1,045,000		1,200,590
South Carolina, State General Obligation:
Series A 4.00%, 6/1/2015		1,470,000		1,535,106
5.00%, 3/1/2016		5,000,000		5,438,450

296

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

South Carolina, State Public Service Authority Revenue Series B 5.00%, 12/1/2016	$	3,500,000	$	3,893,120

				12,067,266

TENNESSEE — 1.9%
Memphis, TN, Electric System Revenue:
5.00%, 12/1/2017		7,475,000		8,523,967
5.00%, 12/1/2018		4,880,000		5,657,970
Memphis, TN, General Obligation Series A 5.00%, 11/1/2018		2,750,000		3,196,765
Nashville & Davidson County, TN, Metropolitan Government Electric Revenue Series B 5.00%, 5/15/2019		2,790,000		3,258,692
Nashville & Davidson County, TN, Metropolitan Government General Obligation:
5.00%, 7/1/2016		2,800,000		3,082,184
Series D 5.00%, 7/1/2017		5,700,000		6,457,302
Shelby County, TN, General Obligation Series A 5.00%, 4/1/2017		5,360,000		6,024,801
Tennessee, State General Obligation:
Series A 5.00%, 10/1/2016		125,000		139,026
Series B 5.00%, 11/1/2018		975,000		1,141,442
Tennessee, State School Bond Authority:
4.00%, 5/1/2015		2,000,000		2,082,220
Series C 5.00%, 5/1/2017		1,050,000		1,169,784

				40,734,153

TEXAS — 7.2%
Austin, TX, Electric Utility System Revenue 4.00%, 11/15/2017		1,000,000		1,105,540
Austin, TX, Water & Wastewater System Revenue 5.00%, 5/15/2015		975,000		1,027,289
Conroe, TX, Independent School District, General Obligation 5.00%, 2/15/2018 (b)		695,000		798,180
Cypress-Fairbanks, TX, Independent School District, General Obligation 4.00%, 2/15/2018 (b)		4,000,000		4,439,520
Dallas, TX, Area Rapid Transit, Sales Tax Revenue Series A 5.00%, 12/1/2015		600,000		647,004
Dallas, TX, General Obligation:
5.00%, 2/15/2017		10,000		11,200
5.00%, 2/15/2017		4,180,000		4,677,796
Series A 5.00%, 2/15/2018		5,000		5,748
Series A 5.00%, 2/15/2018		1,545,000		1,773,737
Dallas, TX, Independent School District, General Obligation:
4.00%, 2/15/2016 (b)		2,000,000		2,134,540
5.00%, 8/15/2017 (b)		4,000,000		4,555,480
5.00%, 8/15/2018 (b)		5,715,000		6,657,346
Frisco, TX, Refunding Improvement, General Obligation 5.00%, 2/15/2016		4,000,000		4,342,600
Houston, TX, General Obligation:
Series A 4.00%, 3/1/2017		4,000,000		4,368,760
Series A 5.00%, 3/1/2016		5,000,000		5,436,400
Series A 5.00%, 3/1/2017		530,000		594,088
Series A 5.00%, 3/1/2017		1,035,000		1,160,152
Series B 5.00%, 3/1/2018		2,500,000		2,874,300
Houston, TX, Utilities System Revenue:
Series C 5.00%, 11/15/2015		4,685,000		5,043,028
Series E 5.00%, 11/15/2016		13,775,000		15,342,319
Northside, TX, Independent School District, General Obligation:
1.35%, 6/1/2033 (a)(b)		10,000,000		9,824,300
5.00%, 2/15/2018 (b)		2,200,000		2,525,710
Northside, TX, Tollway Authority Revenue Series A 5.00%, 9/1/2016		1,100,000		1,212,332
San Antonio, TX, Electric & Gas Revenue Series D 5.00%, 2/1/2018		500,000		573,090
San Antonio, TX, Electric and Gas Revenue Series D 5.00%, 2/1/2017		2,755,000		3,078,685
San Antonio, TX, General Obligation 5.00%, 2/1/2018		2,475,000		2,842,835
Texas A&M, State University Revenue:
Series D 4.00%, 5/15/2016		750,000		806,520
Series B 5.00%, 5/15/2016		1,000,000		1,096,410
Texas Tech, State University Revenue:
Series A 3.00%, 8/15/2016		1,500,000		1,584,105
5.00%, 2/15/2017		2,695,000		3,011,043
Texas, North East Independent School District, General Obligation 5.00%, 8/1/2018 (b)		10,000,000		11,629,900
Texas, State General Obligation:
5.00%, 10/1/2015		3,495,000		3,743,564
Series A 5.00%, 10/1/2015		8,000,000		8,568,960
Series B 5.00%, 4/1/2016		1,700,000		1,855,193
5.00%, 10/1/2016		4,000,000		4,447,760
Series A 5.00%, 10/1/2016		2,110,000		2,346,193
Series A 5.00%, 10/1/2017		1,550,000		1,771,015
Series B 5.00%, 10/1/2017		3,535,000		4,039,056
Series A 5.00%, 4/1/2019		405,000		476,377
Texas, State Public Finance Authority:
Series A 5.00%, 1/1/2016		2,350,000		2,540,726
Series A 5.00%, 1/1/2017		1,100,000		1,183,457
Series A 5.00%, 7/1/2017		2,855,000		3,071,609
Texas, State Transportation Commission, Highway Fund Revenue Series A 5.00%, 4/1/2019 (d)		10,000,000		11,767,700
Texas, State University Revenue 5.00%, 3/15/2016		1,000,000		1,089,050
University of Texas, Revenue:
Series A 5.00%, 8/15/2015		3,100,000		3,302,988
Series A 5.00%, 8/15/2018		220,000		256,377

				155,639,982

UTAH — 1.6%
Utah, State General Obligation:
Series A 4.00%, 7/1/2017		680,000		750,237

297

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Series A 5.00%, 7/1/2015	$	6,900,000	$	7,312,344
Series C 5.00%, 7/1/2015		1,300,000		1,377,688
Series A 5.00%, 7/1/2016		5,050,000		5,562,524
Series C 5.00%, 7/1/2018		15,425,000		17,954,546
Series C 5.00%, 7/1/2018		2,240,000		2,607,338

				35,564,677

VIRGINIA — 3.2%
Fairfax County, VA, General Obligation:
Series A 5.00%, 10/1/2016		9,220,000		10,259,463
Series A 5.00%, 4/1/2018		210,000		242,812
Series A 5.00%, 10/1/2018		3,000,000		3,511,680
Richmond, VA, General Obligation Series C 5.00%, 7/15/2016		2,000,000		2,201,180
Virginia, State College Building Authority, Educational Facilities Revenue:
Series A 5.00%, 9/1/2016		1,000,000		1,104,910
5.00%, 2/1/2017		1,000,000		1,118,390
5.00%, 2/1/2018		6,160,000		7,062,994
Series A 5.00%, 9/1/2018		4,090,000		4,750,003
Series B 5.00%, 9/1/2018		1,945,000		2,258,865
Virginia, State Public Building Authority, Building Revenue Series B 5.00%, 8/1/2016		5,600,000		6,174,168
Virginia, State Public School Authority Revenue:
4.00%, 8/1/2015		210,000		220,546
Series A 4.00%, 8/1/2018		7,765,000		8,651,375
Series C 5.00%, 8/1/2018		460,000		532,864
Virginia, State Resources Authority Clean Water Revenue 5.00%, 10/1/2018		1,000,000		1,164,350
Virginia, State Transportation Board Revenue:
Series A 5.00%, 9/15/2015		500,000		534,505
5.00%, 5/15/2016		16,170,000		17,692,891
5.00%, 9/15/2018		2,210,000		2,557,235

				70,038,231

WASHINGTON — 4.2%
Central Puget Sound, WA, Regional Transit Authority Series P-1 5.00%, 2/1/2017		4,500,000		5,034,060
Energy Northwest Washington, Electricity Revenue:
5.00%, 7/1/2015		500,000		529,815
Series A 5.00%, 7/1/2015		500,000		529,815
Series A 5.00%, 7/1/2017		13,700,000		15,506,071
Series A 5.00%, 7/1/2017		4,195,000		4,748,027
Series B 5.00%, 7/1/2017		100,000		113,183
Series B 5.00%, 7/1/2017		7,200,000		8,149,176
Series A 5.25%, 7/1/2018		5,575,000		6,501,453
King County, WA, Water & Sewer Revenue Series B 5.00%, 1/1/2016		4,500,000		4,861,080
Seattle, WA, Municipal Light & Power Revenue Series B 5.00%, 2/1/2018		1,000,000		1,146,990
Seattle, WA, Water System Revenue 5.00%, 9/1/2017		845,000		963,875
Snohomish County, WA, Public Utility Revenue 5.00%, 12/1/2016		425,000		472,022
Snohomish County, WA, School District No. 15, General Obligation 4.00%, 12/1/2017		2,400,000		2,652,696
Tacoma, WA, Electric System Revenue Series A 4.00%, 1/1/2018		2,000,000		2,200,560
Washington, Federal Highway Grant Anticipation Revenue:
Series F 5.00%, 9/1/2016		1,110,000		1,226,162
Series C 5.00%, 9/1/2018		5,750,000		6,605,830
Washington, State General Obligation:
Series R 5.00%, 7/1/2015		3,000,000		3,178,890
Series A 5.00%, 8/1/2015		4,110,000		4,370,903
5.00%, 7/1/2017		13,900,000		15,770,662
Series 2010B 5.00%, 1/1/2018		425,000		486,476
5.00%, 7/1/2018		5,000,000		5,792,850

				90,840,596

WISCONSIN — 1.8%
Milwaukee, WI, General Obligation:
Series N3 5.00%, 5/15/2016		2,590,000		2,826,441
Series N2 5.00%, 5/1/2017		10,000,000		11,228,800
Wisconsin, State General Obligation:
Series A 3.00%, 5/1/2015		400,000		412,096
4.00%, 11/1/2016		1,950,000		2,123,004
Series A 5.00%, 5/1/2015		3,380,000		3,554,949
Series C 5.00%, 5/1/2015		10,000,000		10,517,600
Series C 5.00%, 5/1/2017		500,000		563,880
Series 1 5.00%, 5/1/2018		1,000,000		1,155,090
Series 2 5.00%, 5/1/2019 (d)		4,750,000		5,564,910

				37,946,770

TOTAL MUNICIPAL BONDS & NOTES —
(Cost $2,126,861,194)				2,138,982,327

	Shares
SHORT TERM INVESTMENT — 0.3%
MONEY MARKET FUND — 0.3%
State Street Institutional Tax Free Money Market Fund (e)(f)(g) (Cost $6,060,083)		6,060,083		6,060,083

TOTAL INVESTMENTS — 99.6% (h)
(Cost $2,132,921,277)				2,145,042,410
OTHER ASSETS & LIABILITIES — 0.4%				9,693,372

NET ASSETS — 100.0%			$	2,154,735,782

298

SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


		As a % of
	Insurance Coverage	Net Assets

	Permanent School Fund Guaranteed		1.98	%
	Assured Guaranty Municipal Corp.		0.73	%

(c)	Amount shown represents less than 0.05% of net assets.
(d)	When-issued security
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)	The rate shown is the annualized seven-day yield at period end.
(g)	Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(h)	Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

299

SPDR Nuveen S&P VRDO Municipal Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MUNICIPAL BONDS & NOTES — 92.0%
ALASKA — 7.5%
Alaska, State Housing Finance Corp. Revenue:
Series A 0.08%, 12/1/2030 (a)	$	200,000	$	200,000
Series D 0.23%, 12/1/2041 (a)		250,000		250,000

				450,000

ARIZONA — 1.6%
Arizona, Health Facilities Authority Revenue Series E 0.08%, 1/1/2029 (a)		100,000		100,000

CALIFORNIA — 2.5%
Riverside, CA, Electric Revenue Series C 0.06%, 10/1/2035 (a)		150,000		150,000

COLORADO — 14.2%
Broomfield, CO, Urban Renewal Authority, Tax Revenue 0.14%, 12/1/2030 (a)		250,000		250,000
Colorado, Educational & Cultural Facilities Authority 0.09%, 7/1/2033 (a)		200,000		200,000
Colorado, Housing & Finance Authority Revenue 0.06%, 11/1/2034 (a)		100,000		100,000
Southern UTE Indian Tribe Reservation Co. Zero Coupon, 4/1/2040 (a)(b)		300,000		300,000

				850,000

DISTRICT OF COLUMBIA — 2.5%
District of Columbia Revenue Series A Zero Coupon, 1/1/2029 (a)		150,000		150,000

LOUISIANA — 4.2%
St. James Parish, LA, Revenue Series A-1 0.33%, 11/1/2040 (a)		250,000		250,000

MASSACHUSETTS — 5.0%
Massachusetts Bay Transportation Authority Sales Tax Revenue Series A-1 0.08%, 7/1/2021 (a)		300,000		300,000

NEBRASKA — 1.7%
Nebraska, Central Plains Energy Project Revenue 0.06%, 8/1/2039 (a)		100,000		100,000

NEW MEXICO — 1.7%
New Mexico, State Municipal Energy Acquisition Authority, Gas Supply Revenue 0.06%, 11/1/2039 (a)		100,000		100,000

NEW YORK — 12.1%
New York, NY, City Transitional Finance Authority Revenue Series 3 0.33%, 11/1/2022 (a)		325,000		325,000
New York, NY, Metropolitan Transportation Authority Revenue 0.09%, 11/1/2035 (a)		100,000		100,000
New York, State Housing Finance Agency Series A 0.10%, 11/1/2037 (a)		300,000		300,000

				725,000

NORTH CAROLINA — 3.3%
Charlotte, NC, Water & Sewer System Revenue Series C 0.08%, 6/1/2025 (a)		200,000		200,000

OHIO — 8.3%
Ohio, State General Obligation Series C 0.05%, 6/15/2026 (a)		300,000		300,000
Ohio, State University Series E 0.06%, 6/1/2035 (a)		200,000		200,000

				500,000

PENNSYLVANIA — 4.2%
Pennsylvania, Delaware Valley Regional Financing Authority Revenue Series B 0.30%, 6/1/2042 (a)		250,000		250,000

TENNESSEE — 8.3%
Clarksville, TN, Public Building Authority Revenue:
0.12%, 6/1/2024 (a)		100,000		100,000
0.12%, 6/1/2029 (a)		100,000		100,000
Montgomery County, TN, Public Building Authority Revenue 0.11%, 9/1/2029 (a)		300,000		300,000

				500,000

VIRGINIA — 9.9%
Montgomery County, VA, Industrial Development Authority Revenue 0.07%, 2/1/2039 (a)		300,000		300,000
Norfolk Redevelopment & Housing Authority Revenue 0.14%, 7/1/2034 (a)		295,000		295,000

				595,000

WASHINGTON — 5.0%
Washington, Health Care Facilities Authority Revenue Series C 0.10%, 10/1/2042 (a)		300,000		300,000

TOTAL MUNICIPAL BONDS & NOTES —
(Cost $5,520,000)				5,520,000

	Shares
SHORT TERM INVESTMENT — 8.0%
MONEY MARKET FUND — 8.0%
State Street Institutional Tax Free Money Market Fund 0.00% (c)(d)(e) (Cost $478,937)		478,937		478,937

TOTAL INVESTMENTS — 100.0% (f)
(Cost $5,998,937)				5,998,937
OTHER ASSETS & LIABILITIES — 0.0% (g)				(341	)

NET ASSETS — 100.0%			$	5,998,596

300

SPDR Nuveen S&P VRDO Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


(a)		Variable rate security. Rate shown is rate in effect at March 31, 2014. Maturity date disclosed is the ultimate maturity.
(b)		Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 5.0% of net assets as of March 31, 2014, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(g)		Amount shown represents less than 0.05% of net assets.

301

SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

COMMON STOCKS — 0.0% (a)
AIRLINES — 0.0% (a)
American Airlines Group, Inc. (b)(c) (Cost $21)	$	1	$	36

CONVERTIBLE PREFERRED STOCKS — 0.1%
AIRLINES — 0.1%
American Airlines Group, Inc. (c)(d) (Cost $229,872)		9,008		248,621

MUNICIPAL BONDS & NOTES — 97.6%
ALABAMA — 2.0%
Jefferson County, AL, Capital Improvement Obligation Warrant Series A 5.00%, 4/1/2024 (e)		1,500,000		1,466,550
Jefferson County, AL, School Warrant Revenue Series A 5.00%, 1/1/2024		1,000,000		990,200
Jefferson County, AL, Subordinate Lien Sewer Warrant Revenue Series D 6.00%, 10/1/2042		2,000,000		2,017,360

				4,474,110

ALASKA — 0.3%
Northern Alaska, Tobacco Securitization Corp., Tobacco Settlement Revenue Asset Backed Bonds:
Series A 5.00%, 6/1/2032		500,000		384,825
Series A 5.00%, 6/1/2046		500,000		346,645

				731,470

ARIZONA — 2.9%
Arizona, AZ, Health Facilities Authority, Hospital Revenue Series B 4.00%, 2/1/2022		1,000,000		1,028,650
Downtown Phoenix, AZ, Hotel Corp. Revenue Series A 5.25%, 7/1/2023		1,010,000		1,019,575
Phoenix, AZ, Industrial Development Authority Education Revenue:
6.00%, 7/1/2032		250,000		248,330
7.50%, 7/1/2042		500,000		497,590
Series A 7.50%, 7/1/2042		1,000,000		963,590
Pima County, AZ, Industrial Development Authority Education Revenue 6.00%, 7/1/2048		1,000,000		897,530
Quechan Indian Tribe, AZ, Fort Yuma Indian Reservation Revenue Series A 9.75%, 5/1/2025		1,000,000		1,123,150
Watson Road Community Facilities District Revenue, Special Assessment 5.75%, 7/1/2022		700,000		714,644

				6,493,059

CALIFORNIA — 17.9%
California County, CA, Tobacco Securitization Agency, Tobacco Settlement Revenue 5.45%, 6/1/2028		990,000		879,061
California, Golden State Tobacco Securitization Corp., Revenue:
Series A-1 5.00%, 6/1/2033		2,000,000		1,556,600
Series A 5.00%, 6/1/2045		1,000,000		1,000,040
Series A-1 5.13%, 6/1/2047		1,860,000		1,371,452
Series A-1 5.75%, 6/1/2047		1,585,000		1,281,140
California, Pollution Control Financing Authority, Water Furnishing Sacramento Revenue 5.00%, 11/21/2045 (f)		500,000		472,685
California, State General Obligation:
4.00%, 4/1/2017		200,000		219,280
5.00%, 9/1/2021		760,000		900,106
5.00%, 9/1/2035		600,000		632,640
5.00%, 11/1/2043		1,000,000		1,065,800
5.60%, 3/1/2036		650,000		733,089
California, State Public Works Board, Lease Revenue:
Series C 5.00%, 9/1/2036		1,650,000		1,754,742
Subseries I 6.63%, 11/1/2034		510,000		511,964
California, State School Finance Authority, Charter School Revenue Series A 5.00%, 10/1/2042		750,000		675,487
California, Statewide Communities Development Authority Revenue:
Series I 4.50%, 11/1/2037		675,000		649,336
Series A 4.88%, 11/15/2036		550,000		503,124
Series A 5.13%, 7/15/2031		500,000		479,615
Series A 5.25%, 7/1/2030		795,000		778,774
Series A 6.00%, 10/1/2047		1,000,000		1,001,030
Carlsbad, CA, Improvement Bond Act 1915, Special Assessment 5.00%, 9/2/2035		510,000		521,108
Chino, CA, Public Financing Authority, Special Tax Revenue 5.00%, 9/1/2034		100,000		101,829
Foothill-Eastern Transportation Corridor Agency Revenue Series C 6.25%, 1/15/2033		1,500,000		1,609,965
Golden State Tobacco Securitization Corp., Revenue Series A-1 4.50%, 6/1/2027		2,000,000		1,726,140
Hesperia, CA, Public Financing Authority, Tax Allocation Series A 5.50%, 9/1/2022		1,000,000		1,040,290
Los Angeles, CA, Regional Airports Improvement Corp., Lease Revenue Series A 7.13%, 12/1/2024 (g)		500,000		506,075
M-S-R Energy Authority Revenue Series B 6.50%, 11/1/2039		1,000,000		1,266,240
March, CA, Joint Powers Redevelopment Agency, Tax Allocation Series B 7.50%, 8/1/2041		1,000,000		1,126,960
Oakley, CA, Public Finance Authority Revenue, Special Assessment 5.30%, 9/2/2034		170,000		176,618
Palomar Pomerado, CA, Health Care District, Certificates of Participation 6.00%, 11/1/2041		2,000,000		1,947,340
Pittsburg, CA, Redevelopment Agency, Tax Allocation:
Zero Coupon, 8/1/2020 (b)(e)		500,000		395,330
6.50%, 9/1/2028		1,000,000		1,043,850

302

SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Rancho Mirage, CA, Joint Powers Financing Authority Revenue Series A 5.00%, 7/1/2027	$	1,000,000	$	1,019,280
Riverside County, CA, Redevelopment Agency, Tax Allocation Series A 6.00%, 10/1/2039		430,000		453,616
San Francisco City & County Airports Comm-San Francisco International Airport Revenue Series D 3.38%, 5/1/2027		1,100,000		1,083,390
Saugus Union School District, Special Tax 5.00%, 9/1/2031		1,000,000		1,033,600
Temecula, CA, Public Financing Authority, Special Tax Revenue:
5.00%, 9/1/2030		500,000		527,735
5.00%, 9/1/2034		1,000,000		1,032,310
Tobacco Securitization Authority of Northern California, Tobacco Settlement Revenue Series A1 5.50%, 6/1/2045		1,605,000		1,251,435
Tobacco Securitization Authority of Southern California, Tobacco Settlement Revenue:
Series A1 5.00%, 6/1/2037		1,000,000		759,190
Series A1 5.13%, 6/1/2046		1,000,000		737,420
Tulare, CA, Local Health Care District Revenue 5.10%, 11/1/2027		1,000,000		838,370
Vernon, CA, Electric System Revenue Series A 5.13%, 8/1/2021		1,125,000		1,236,251
West Contra Costa, CA, Healthcare District, Certificates of Participation 5.75%, 7/1/2037		515,000		550,138
West Sacramento Financing Authority, Special Tax 5.00%, 9/1/2025		1,550,000		1,568,755

				40,019,200

COLORADO — 5.2%
Colorado High Performance Transportation Enterprise Revenue 5.75%, 1/1/2044		750,000		753,503
Colorado, Health Facilities Authority Revenue:
Series B 4.00%, 12/1/2026		500,000		474,295
Series A 5.90%, 8/1/2037		1,000,000		817,300
Series A 7.75%, 8/1/2039		485,000		487,852
Denver, CO, City & County Special Facilities, Airport Revenue Series A 5.25%, 10/1/2032		1,000,000		955,560
E-470 Public Highway Authority Revenue Series B Zero Coupon, 9/1/2037 (b)(e)		1,000,000		257,420
Granby Ranch, CO, Metropolitan District, General Obligation 6.75%, 12/1/2036		500,000		500,715
Great Western, CO, Metropolitan District, General Obligation Series A1 9.00%, 8/1/2039		1,000,000		1,019,810
Metropolitan District, CO, Compark Business Campus, General Obligation:
Series A 5.75%, 12/1/2027		1,000,000		1,014,730
Series A 6.75%, 12/1/2039		1,000,000		1,014,530
Plaza, CO, Metropolitan District No. 1, Revenue, Tax Allocation 5.00%, 12/1/2040		500,000		489,935
Prairie Center, CO, Metropolitan District No. 3, General Obligation Series A 5.40%, 12/15/2031		1,000,000		968,900
Public Authority for Colorado, State Natural Gas Purchase Revenue 6.25%, 11/15/2028		1,145,000		1,377,103
Regional, CO, Transportation District, Private Activity Revenue 6.00%, 1/15/2034		1,300,000		1,375,036
Tallyns Reach, CO, Metropolitan District No. 3, General Obligation 5.13%, 11/1/2038		135,000		129,825

				11,636,514

CONNECTICUT — 0.5%
Harbor Point, CT, Special Obligation Revenue Series A 7.88%, 4/1/2039		500,000		561,350
Mohegan Tribe of Indians, CT, Gaming Authority Revenue 5.13%, 1/1/2023 (f)		500,000		491,835

				1,053,185

DISTRICT OF COLUMBIA — 0.4%
District of Columbia, Howard University Revenue Series A 6.25%, 10/1/2032		880,000		946,449

FLORIDA — 6.0%
Alachua County, FL, Health Facilities Authority Series A 7.38%, 11/15/2019		300,000		301,980
Ave Maria, FL, Stewardship Community District, Special Assessment 6.70%, 5/1/2042		990,000		1,005,325
Collier County, FL, Industrial Development Authority Revenue Series A 8.13%, 5/15/2044 (f)		1,500,000		1,524,045
Escambia County, FL, Health Facilities Authority Revenue Series A 5.75%, 8/15/2029		1,000,000		1,065,680
Florida Development Finance Corp., Educational Facilities Revenue:
Series A 6.13%, 6/15/2043		500,000		453,255
Series A 7.50%, 6/15/2033		500,000		507,900
Fort Pierce, FL, Redevelopment Agency Revenue, Tax Allocation 5.00%, 5/1/2031		1,000,000		1,018,960
Hillsborough County, FL, Industrial Development Authority, Hospital Revenue 5.25%, 10/1/2026		1,000,000		1,037,840
Lake County, FL, Industrial Development Revenue Series A 7.13%, 11/1/2042		500,000		468,560

303

SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Lakes by the Bay, FL, Community Development District, Special Assessment:
5.25%, 11/1/2033	$	500,000	$	482,375
5.75%, 11/1/2042		500,000		482,320
Madison County, FL, Revenue Series A 6.00%, 7/1/2025		690,000		594,745
Northern Palm Beach County, FL, Improvement District, Special Assesment 5.13%, 8/1/2022		930,000		937,152
Renaissance Community Development District, FL, Special Assessment 5.55%, 5/1/2033		500,000		505,160
Seven Oaks, FL, Community Development District, Special Assessment Series A-2 6.50%, 5/1/2033		750,000		766,237
Sumter County Industrial Development Authority Revenue Series A 5.25%, 7/1/2044		1,500,000		1,508,970
Tolomato, FL, Community Development District, Special Assessment:
Series A-2 Zero Coupon, 5/1/2039 (b)(h)		65,000		47,516
Series A-3 Zero Coupon, 5/1/2040 (b)(h)		195,000		116,113
Series A-4 Zero Coupon, 5/1/2040 (b)(h)		85,000		37,454
Series 1 6.65%, 5/1/2040 (g)		10,000		10,057
Series 2 6.65%, 5/1/2040 (g)		470,000		268,901
Series 3 6.65%, 5/1/2040 (g)(h)		120,000		1
Series A-1 6.65%, 5/1/2040		200,000		201,120

				13,341,666

GEORGIA — 0.5%
Georgia, State Local Government, Certificates of Participation Series A 4.75%, 6/1/2028 (e)		1,000,000		1,016,470

GUAM — 1.4%
Guam, Government General Obligation Series A 6.75%, 11/15/2029		1,000,000		1,057,690
Guam, Government Waterworks Authority, Water & Wastewater System Revenue:
5.00%, 7/1/2028		1,000,000		1,038,960
5.63%, 7/1/2040		1,000,000		1,013,820

				3,110,470

HAWAII — 0.2%
Hawaii, State Department of Budget & Finance, Special Purpose Revenue Series A 4.65%, 3/1/2037		380,000		363,462

ILLINOIS — 5.4%
Chicago O’Hare International Airport Revenue Series A 4.00%, 1/1/2032		1,020,000		934,167
Chicago, IL, General Obligation Series B 4.75%, 1/1/2032 (e)		1,500,000		1,492,770
Cook County, IL, Revenue 6.50%, 10/15/2040		1,000,000		995,950
Illinois, State Finance Authority Revenue:
4.25%, 5/15/2043		430,000		354,535
Series C 4.50%, 11/15/2032		1,400,000		1,386,000
5.00%, 5/15/2043		675,000		639,340
5.75%, 5/15/2046		1,000,000		938,740
6.13%, 5/15/2027		1,000,000		1,058,100
7.13%, 2/1/2034		1,000,000		1,055,910
7.13%, 2/15/2039		1,100,000		1,128,831
Illinois, State Finance Authority, Student Housing Revenue Series A 5.00%, 6/1/2024 (g)		500,000		404,985
Railsplitter, IL, Tobacco Settlement Authority Revenue 5.50%, 6/1/2023		500,000		576,690
Southwestern, IL, Development Authority Revenue 7.63%, 11/1/2048		1,000,000		1,045,860

				12,011,878

INDIANA — 2.7%
Indiana, State Finance Authority Revenue 5.00%, 10/1/2042		1,280,000		1,282,163
Indiana, State Finance Authority, Environmental Revenue:
6.00%, 12/1/2019		1,000,000		1,046,430
6.00%, 12/1/2026		550,000		567,358
Indiana, State Finance Authority, Hospital Revenue 5.50%, 8/15/2040		500,000		502,465
Valparaiso City, IN, Exempt Facilities Revenue 6.75%, 1/1/2034		1,500,000		1,588,770
Vigo County, IN, Hospital Authority Revenue 5.75%, 9/1/2042 (f)		1,000,000		958,160

				5,945,346

IOWA — 1.4%
Iowa Finance Authority, Midwestern Disaster Area Revenue:
5.00%, 12/1/2019		1,000,000		994,580
5.50%, 12/1/2022		1,000,000		999,920
Tobacco Settlement Authority, IA, Tobacco Settlement Revenue Series C 5.50%, 6/1/2042		1,355,000		1,061,100

				3,055,600

KANSAS — 0.6%
KS Independent College Finance Authority & Educational Facilities Revenue Series A 5.80%, 3/1/2037		445,000		439,420
Lenexa, KS, Health Facility Revenue 5.25%, 5/15/2022		1,000,000		1,018,650

				1,458,070

LOUISIANA — 1.8%
Jefferson Parish, LA, Hospital Service District No. 2, Hospital Revenue 6.38%, 7/1/2041		1,060,000		1,132,345
Louisiana Public Facilities Authority 4.50%, 7/1/2037		1,370,000		1,222,711

304

SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Louisiana, Public Facilities Authority 6.50%, 7/1/2036	$	1,000,000	$	1,034,980
Louisiana, State Environmental Facilities & Community Development Authority Revenue 6.75%, 11/1/2032		500,000		552,840

				3,942,876

MAINE — 1.6%
Maine Health & Higher Educational Facilities Authority Revenue:
5.00%, 7/1/2019		1,500,000		1,619,670
5.00%, 7/1/2043		1,000,000		1,002,860
6.75%, 7/1/2036		500,000		539,375
Rumford, ME, Solid Waste Disposal Revenue 6.88%, 10/1/2026		525,000		526,423

				3,688,328

MARYLAND — 0.2%
Howard County, MD, Special Obligation Bond, Tax Allocation 6.10%, 2/15/2044		425,000		428,727

MASSACHUSETTS — 0.8%
Massachusetts, Development Finance Agency, Resource Recovery Revenue Series B 4.88%, 11/1/2042		500,000		470,270
Massachusetts, Port Authority Facilities Revenue:
Series A 5.00%, 1/1/2027 (e)		1,190,000		1,142,198
Series A 5.50%, 1/1/2016 (e)		250,000		250,165

				1,862,633

MICHIGAN — 2.6%
Conner Creek Academy, MI, Public School Revenue 5.00%, 11/1/2026		900,000		726,309
Detroit, MI, Water and Sewerage Department System Revenue Series A 5.25%, 7/1/2039		980,000		927,521
Kent County, MI, Hospital Finance Authority Revenue Series A 5.25%, 7/1/2030		1,255,000		1,301,372
Michigan Finance Authority Ltd., Miscellaneous Revenue 8.13%, 4/1/2041		495,000		533,189
Michigan, State Tobacco Settlement Finance Authority Revenue Series A 6.88%, 6/1/2042		1,590,000		1,479,177
Saline, MI, Economic Development Corp., Revenue 5.50%, 6/1/2047		1,000,000		948,220

				5,915,788

MINNESOTA — 0.4%
Oakdale, MN, Oak Meadows Project, Revenue 5.00%, 4/1/2034		1,000,000		934,060

MISSISSIPPI — 0.4%
D’Iberville, MS, Tax Increment Limited Obligation, Tax Allocation 5.00%, 4/1/2033		1,000,000		993,940

MISSOURI — 0.5%
Lees Summit, MO, Industrial Development Authority, Special Assessment & Sales Tax Revenue:
5.00%, 5/1/2035		265,000		258,584
6.00%, 5/1/2042		435,000		421,781
Raymore, MO, Tax Increment Limited Obligation, Tax Allocation Series A 4.00%, 5/1/2020		340,000		337,161

				1,017,526

MONTANA — 0.5%
Montana State Board of Regents Higher Education Revenue 5.00%, 11/15/2043		1,000,000		1,074,210

NEBRASKA — 1.0%
Central Plains Energy Project, NE, Natural Gas Revenue 5.00%, 9/1/2032		1,250,000		1,287,162
Nebraska Public Power District General Revenue Series C 4.00%, 1/1/2015		1,000,000		1,028,850

				2,316,012

NEVADA — 0.5%
North Las Vegas, NV, Wastewater Reclamation, General Obligation 4.50%, 10/1/2036 (e)		250,000		212,933
Sparks, NV, Tourism Improvement District No. 1, Sales Tax Revenue Series A 6.75%, 6/15/2028 (f)		1,000,000		1,019,860

				1,232,793

NEW JERSEY — 5.4%
Bayonne, NJ, Redevelopment Agency Revenue Series A 5.38%, 11/1/2035		535,000		494,800
New Jersey Economic Development Authority Revenue 5.00%, 3/1/2020		275,000		316,762
New Jersey Educational Facilities Authority Revenue Series D 5.00%, 7/1/2027		230,000		237,215
New Jersey Health Care Facilities Financing Authority Revenue 5.75%, 7/1/2037		970,000		966,207
New Jersey, Economic Development Authority Revenue:
4.25%, 6/15/2027		500,000		502,135
5.13%, 1/1/2034		1,000,000		1,025,540
5.25%, 9/15/2029		1,050,000		1,046,672
5.75%, 9/15/2027		1,000,000		1,016,690
New Jersey, Health Care Facilities Financing Authority Revenue:
Zero Coupon, 7/1/2035 (b)		430,000		138,017
4.00%, 7/1/2026		1,175,000		1,166,516
Nj Econ Dev Escrow 11/31 Fixed 7.1 7.10%, 11/1/2031 (h)		1,000,000		550,500
Tobacco Settlement Financing Corp., NJ, Revenue:
Series 1A 4.63%, 6/1/2026		1,000,000		873,740
Series 1A 4.75%, 6/1/2034		1,000,000		755,220

305

SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Series 1A 5.00%, 6/1/2029	$	2,020,000	$	1,706,153
Series 1A 5.00%, 6/1/2041		1,860,000		1,401,305

				12,197,472

NEW MEXICO — 1.0%
Mariposa, NM, Public Improvement District, General Obligation 6.00%, 9/1/2032 (g)		500,000		405,220
New Mexico Hospital Equipment Loan Council, First Mortgage Revenue 5.00%, 7/1/2042		2,000,000		1,743,880

				2,149,100

NEW YORK — 4.5%
Buffalo & Erie County, NY, Industrial Land Development Corp., Revenue 5.25%, 4/1/2035		135,000		130,664
Build NYC Resource Corp. 5.00%, 4/1/2033		120,000		117,266
Chautauqua County, NY, Industrial Development Agency, Exempt Facility Revenue 5.88%, 4/1/2042		500,000		522,375
Hudson, NY, Yards Infrastructure Corp., Revenue:
Series A 4.50%, 2/15/2047 (e)		1,500,000		1,477,530
Series A 5.75%, 2/15/2047		500,000		549,175
Metropolitan Transportation Authority Revenue Series E 4.00%, 11/15/2014		500,000		511,985
New York City Industrial Development Agency 7.50%, 8/1/2016		700,000		741,678
New York State Dormitory Authority Revenue:
Series A 5.00%, 7/1/2015		175,000		185,367
6.25%, 12/1/2037		1,000,000		998,670
New York, NY, Industrial Development Agency Revenue:
4.00%, 1/1/2015 (e)		100,000		101,336
4.75%, 3/1/2046 (e)		575,000		578,099
5.00%, 1/1/2031 (e)		1,000,000		981,020
5.00%, 9/1/2035		500,000		500,135
5.25%, 12/1/2032		500,000		480,975
5.75%, 10/1/2037 (g)		1,000,000		389,560
Series A 8.50%, 8/1/2028 (g)		500,000		531,055
TSASC, Inc., NY, Revenue:
Series 1 5.00%, 6/1/2034		530,000		419,707
Series 1 5.13%, 6/1/2042		1,000,000		772,620

				9,989,217

NORTH CAROLINA — 0.2%
Gaston County, NC, Industrial Facilities & Pollution Control Financing Authority 5.75%, 8/1/2035		500,000		457,535

OHIO — 4.7%
Buckeye, OH, Tobacco Settlement Financing Authority:
Series A-2 5.13%, 6/1/2024		1,150,000		977,696
Series A-2 5.38%, 6/1/2024		1,000,000		864,700
Series A-2 5.88%, 6/1/2030		2,000,000		1,649,420
Series A-2 5.88%, 6/1/2047		1,500,000		1,206,135
Series A-2 6.00%, 6/1/2042		1,110,000		895,037
Series A-3 6.25%, 6/1/2037 (i)		1,000,000		845,210
Series A-2 6.50%, 6/1/2047		1,000,000		869,470
Muskingum, OH, Hospital Revenue 5.00%, 2/15/2033		1,000,000		850,720
Ohio, State Air Quality Development Authority Revenue:
Series E 5.63%, 10/1/2019		790,000		877,074
6.75%, 6/1/2024		1,000,000		915,290
Ohio, State Hospital Facilities Authority Revenue 6.00%, 12/1/2042		500,000		483,375

				10,434,127

OKLAHOMA — 1.4%
Tulsa Airports Improvement Trust Series B 5.50%, 12/1/2035		1,000,000		978,860
Tulsa County, OK, Industrial Authority, Senior Living Community Revenue Series A 7.13%, 11/1/2030		1,025,000		1,107,318
Tulsa, OK, Municipal Airport Trust Trustees, Revenue 6.25%, 6/1/2020		1,000,000		1,003,300

				3,089,478

OREGON — 0.4%
Oregon State Facilities Authority Series A 5.00%, 10/1/2031		1,000,000		987,380

PENNSYLVANIA — 4.5%
Allegheny County, PA, Hospital Development Authority Revenue Series A 5.38%, 11/15/2040		235,000		205,054
Delaware Valley Regional Finance Authority Revenue Series A 5.50%, 8/1/2028 (e)		2,000,000		2,261,560
Erie, PA, Higher Education Building Authority Revenue 5.35%, 3/15/2028		540,000		563,425
Lancaster County, PA, Hospital Authority 5.00%, 4/1/2027		420,000		414,473
Montgomery County, PA, Industrial Development Authority Revenue 6.00%, 2/1/2021		1,015,000		1,036,701
Pennsylvania, State Economic Development Financing Authority Revenue 6.00%, 6/1/2031		515,000		515,041
Pennsylvania, State Higher Educational Facilities Authority Revenue:
Series A 5.00%, 7/1/2037		1,350,000		1,350,216
Series A 6.50%, 9/1/2038		1,165,000		1,180,459
Philadelphia, PA, Hospitals & Higher Education Facilities Authority Revenue Series A 5.63%, 7/1/2042		1,080,000		973,750
Scranton, PA, General Obligation Series B 4.35%, 9/1/2020 (e)		745,000		634,554
Susquehanna, PA, Area Regional Airport Authority System Revenue Series B 4.00%, 1/1/2033		1,000,000		896,040

				10,031,273

306

SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

PUERTO RICO — 6.5%
Puerto Rico Commonwealth, General Obligation:
Series A 5.00%, 7/1/2022	$	1,000,000	$	795,310
Series A 8.00%, 7/1/2035		2,000,000		1,867,920
Puerto Rico Highways & Transportation Authority Revenue Series N 5.25%, 7/1/2033 (e)		2,000,000		1,825,660
Puerto Rico Infrastructure Financing Authority Revenue Series C 5.50%, 7/1/2027 (e)		3,000,000		2,748,360
Puerto Rico Public Buildings Authority Revenue 6.00%, 7/1/2027 (e)		3,000,000		3,018,630
Puerto Rico Sales Tax Financing Corp., Revenue:
Subseries A 5.50%, 8/1/2022		2,000,000		1,843,620
Subseries A 6.00%, 8/1/2042		1,000,000		819,720
Puerto Rico, Industrial Tourist Educational, Medical & Environmental Revenue:
5.00%, 10/1/2042		1,040,000		795,049
5.38%, 4/1/2042		1,000,000		773,660

				14,487,929

RHODE ISLAND — 0.9%
Rhode Island, Health & Educational Building Corp., Revenue:
Series E 5.00%, 5/15/2019 (e)		1,000,000		1,088,370
Series E 5.00%, 5/15/2020 (e)		900,000		963,693

				2,052,063

SOUTH CAROLINA — 0.4%
Charleston County Airport District Revenue Series A 5.25%, 7/1/2021		485,000		558,856
South Carolina Jobs-Economic Development Authority Revenue 7.00%, 11/1/2033		270,000		273,396

				832,252

TENNESSEE — 1.0%
Shelby County Health Educational & Housing Facilities Board Series A 5.50%, 9/1/2047		400,000		363,068
Sullivan County Health Educational & Housing Facilities Board Revenue Series C 5.25%, 9/1/2036		1,000,000		1,007,160
Tennessee, State Energy Acquisition Corp., Gas Revenue Series A 5.25%, 9/1/2019		725,000		815,233

				2,185,461

TEXAS — 4.4%
Austin, TX, Convention Center Revenue Series A 5.00%, 1/1/2034		875,000		837,865
Central Texas, Regional Mobility Authority Revenue 5.75%, 1/1/2025		1,000,000		1,090,370
Danbury Higher Education Authority, Inc.:
5.25%, 8/15/2023		270,000		277,428
Series A 6.00%, 8/15/2028		230,000		236,958
Gulf Coast, TX, Industrial Development Authority Revenue 4.88%, 5/1/2025		750,000		742,822
Harris County, TX, Cultural Education Facilities Finance Corp. Revenue Series B 7.00%, 1/1/2043		500,000		520,135
Houston, TX, Airport System Revenue Series A 5.00%, 7/1/2028		1,000,000		1,082,040
Red River Authority Revenue Series B 6.70%, 11/1/2030		1,000,000		1,001,990
Red River Health Facilities Development Corp., Revenue Series A 7.50%, 11/15/2034		1,000,000		1,002,050
Texas State Turnpike Authority Revenue Series A Zero Coupon, 8/15/2030 (b)(e)		315,000		142,821
Texas, Brazos River Authority, Pollution Control Revenue Series D 5.40%, 10/1/2029 (i)		1,000,000		34,950
Texas, Municipal Gas Acquisition & Supply Corp. III, Revenue 5.00%, 12/15/2030		1,000,000		1,021,880
Texas, State Transportation Commission, Turnpike System Revenue Series A 4.00%, 8/15/2038		1,000,000		887,060
Travis County, TX, Health Facilities Development Corp., Revenue 7.13%, 11/1/2040		1,000,000		1,088,960

				9,967,329

UTAH — 1.3%
Salt Lake County Ut Resh Series A-1 5.00%, 12/1/2033		1,000,000		1,042,060
Spanish Fork City Ut Chrt Sch Spaedu 5.55%, 11/15/2021 (f)		900,000		904,725
Utah, State Charter School Finance Authority Revenue Series A 5.80%, 6/15/2038		1,000,000		1,002,870

				2,949,655

VIRGIN ISLANDS — 0.2%
Virgin Islands, Public Finance Authority Revenue 5.00%, 10/1/2025		500,000		521,175

VIRGINIA — 1.2%
Tobacco Settlement Financing Corp., VA, Revenue Series B1 5.00%, 6/1/2047		1,490,000		1,032,361
Virginia, Small Business Financing Authority Revenue:
5.00%, 7/1/2034		500,000		489,980
5.50%, 1/1/2042		1,250,000		1,279,838

				2,802,179

WASHINGTON — 0.6%
Port of Seattle, WA, Industrial Development Corp. 5.00%, 4/1/2030		700,000		648,319
Tacoma Consolidated Local Improvement Districts 5.75%, 4/1/2043		410,000		405,461

307

SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Washington, Health Care Facilities Authority Revenue 5.00%, 12/1/2042	$	320,000	$	317,088

				1,370,868

WISCONSIN — 1.3%
Platteville Redevelopment Authority, WI, Revenue 5.00%, 7/1/2042		1,000,000		986,510
Public Finance Authority, WI, Public Facilities Revenue:
5.00%, 4/1/2022		535,000		538,858
Series A 6.20%, 10/1/2042		325,000		309,598
Wisconsin, State Public Finance Authority Revenue Series A 8.63%, 6/1/2047		1,000,000		1,162,480

				2,997,446

TOTAL MUNICIPAL BONDS & NOTES —
(Cost $220,196,805)				218,565,781

	Shares
SHORT TERM INVESTMENT — 2.2%
MONEY MARKET FUND — 2.2%
State Street Institutional Tax Free Money Market Fund (c)(j)(k) (Cost $4,906,016)		4,906,016		4,906,016

TOTAL INVESTMENTS — 99.9% (l)
(Cost $225,332,714)				223,720,454
OTHER ASSETS & LIABILITIES — 0.1%				214,657

NET ASSETS — 100.0%			$	223,935,111


(a)		Amount shown represents less than 0.05% of net assets.
(b)		Non-income producing security
(c)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(d)		Perpetual floating rate security. Date shown reflects the next reset date.
(e)		Bond is insured by one of these companies:


		As a % of
	Insurance Coverage	Net Assets

	National Public Finance Guarantee Corp.		4.40	%
	Ambac Financial Group		3.87	%
	Assured Guaranty Corp.		0.92	%
	Assured Guaranty Municipal Corp.		0.67	%

(f)	Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 2.4% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(g)	Security is currently in default and/or issuer is in bankruptcy
(h)	Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(i)	Variable rate security. Rate shown is rate in effect at March 31, 2014. Maturity date disclosed is the ultimate maturity.
(j)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(k)	The rate shown is the annualized seven-day yield at period end.
(l)	Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

308

SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

MUNICIPAL BONDS & NOTES — 98.3%
ARIZONA — 0.9%
Arizona, Salt River Project, Agricultural Improvement & Power District Revenue 4.84%, 1/1/2041	$	245,000	$	264,328
Phoenix, AZ, General Obligation 5.27%, 7/1/2034		165,000		171,975

				436,303

CALIFORNIA — 33.9%
California, Bay Area Toll Authority, Toll Bridge Revenue 7.04%, 4/1/2050		500,000		674,335
California, State General Obligation:
5.70%, 11/1/2021		220,000		256,942
6.65%, 3/1/2022		370,000		444,988
7.30%, 10/1/2039		2,495,000		3,338,984
7.35%, 11/1/2039		485,000		652,863
7.50%, 4/1/2034		215,000		289,992
7.55%, 4/1/2039		245,000		340,423
7.63%, 3/1/2040		285,000		397,823
7.70%, 11/1/2030		45,000		53,795
7.95%, 3/1/2036		1,180,000		1,388,659
California, State Public Works Board, Lease Revenue 8.36%, 10/1/2034		125,000		161,765
East Bay, CA, Municipal Utility District, Water System Revenue 5.87%, 6/1/2040		200,000		241,852
Los Angeles County, CA, Metropolitan Transportation Authority, Sales Tax Revenue 5.74%, 6/1/2039		220,000		255,072
Los Angeles County, CA, Public Works Financing Authority, Lease Revenue 7.62%, 8/1/2040		285,000		366,595
Los Angeles, CA, Community College District, General Obligation:
6.60%, 8/1/2042		205,000		268,923
6.75%, 8/1/2049		100,000		135,386
Los Angeles, CA, Department of Airports Revenue 6.58%, 5/15/2039		130,000		158,326
Los Angeles, CA, Department of Water & Power Revenue:
5.72%, 7/1/2039		45,000		52,600
6.17%, 7/1/2040		25,000		27,056
6.57%, 7/1/2045		405,000		535,240
6.60%, 7/1/2050		275,000		364,870
Los Angeles, CA, Department of Water & Power Waterworks Revenue 6.01%, 7/1/2039		25,000		29,539
Los Angeles, CA, Unified School District, General Obligation:
5.75%, 7/1/2034		850,000		995,911
5.76%, 7/1/2029		40,000		46,850
6.76%, 7/1/2034		275,000		355,724
Orange County, CA, Local Transportation Authority, Sales Tax Revenue Series A 6.91%, 2/15/2041		130,000		170,065
Sacramento, CA, Municipal Utility District, Electricity Revenue 6.16%, 5/15/2036		165,000		191,418
San Diego County, CA, Regional Transportation Commission, Sales Tax Revenue 5.91%, 4/1/2048		175,000		214,562
San Diego County, CA, Water Authority Revenue 6.14%, 5/1/2049		50,000		62,182
San Francisco, CA, Bay Area Toll Authority, Toll Bridge Revenue:
6.26%, 4/1/2049		685,000		882,835
6.92%, 4/1/2040		270,000		351,162
San Francisco, CA, City & County Public Utilities Commission, Water Revenue:
6.00%, 11/1/2040		125,000		149,219
6.00%, 11/1/2040		110,000		131,603
6.95%, 11/1/2050		180,000		239,258
Santa Clara Valley, CA, Transportation Authority, Sales Tax Revenue 5.88%, 4/1/2032		195,000		225,231
Southern California, Metropolitan Water District Revenue 6.95%, 7/1/2040		120,000		136,175
University of California, Revenue:
5.77%, 5/15/2043		240,000		280,949
5.95%, 5/15/2045		205,000		242,451
6.27%, 5/15/2031		5,000		5,536
6.55%, 5/15/2048		310,000		382,707
6.58%, 5/15/2049		235,000		295,517

				15,795,383

COLORADO — 1.3%
Colorado, Regional Transportation District, Sales Tax Revenue 5.84%, 11/1/2050		185,000		228,103
Colorado, State Bridge Enterprise Revenue Series A 6.08%, 12/1/2040		140,000		171,410
Denver, CO, City & County School District No 1, General Obligation 5.66%, 12/1/2033		165,000		186,838
Denver, CO, General Obligation 5.65%, 8/1/2030		10,000		10,942

				597,293

CONNECTICUT — 1.0%
Connecticut, State General Obligation:
5.09%, 10/1/2030		125,000		132,681
5.63%, 12/1/2029		135,000		150,956
Connecticut, State Special Tax Revenue 5.46%, 11/1/2030		140,000		155,446

				439,083

DISTRICT OF COLUMBIA — 1.6%
District of Columbia, Income Tax Revenue:
5.58%, 12/1/2035		155,000		175,902
5.59%, 12/1/2034		155,000		175,884
District of Columbia, Water & Sewer Authority Revenue 5.52%, 10/1/2044		110,000		124,661

309

SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Metropolitan Washington, DC, Airport Authority, Dules Road Revenue 7.46%, 10/1/2046	$	225,000	$	273,188

				749,635

GEORGIA — 2.9%
Georgia, Municipal Electric Authority Revenue:
6.64%, 4/1/2057		550,000		622,902
6.66%, 4/1/2057		595,000		661,253
7.06%, 4/1/2057		30,000		32,366
Georgia, State General Obligation 4.50%, 11/1/2025		25,000		27,507

				1,344,028

ILLINOIS — 5.8%
Chicago, IL, Board of Education, General Obligation 6.14%, 12/1/2039		200,000		199,514
Chicago, IL, Metropolitan Water Reclamation District, General Obligation 5.72%, 12/1/2038		355,000		407,604
Chicago, IL, O’Hare International Airport Revenue:
6.40%, 1/1/2040		225,000		266,884
6.85%, 1/1/2038		15,000		16,452
Chicago, IL, Transit Authority, Sales Tax Revenue 6.20%, 12/1/2040		250,000		276,223
Chicago, IL, Waste Water Transmission Revenue 6.90%, 1/1/2040		165,000		190,311
Chicago, IL, Water Revenue 6.74%, 11/1/2040		60,000		69,115
Cook County, IL, General Obligation 6.23%, 11/15/2034		160,000		173,341
Illinois, State General Obligation:
6.73%, 4/1/2035		355,000		395,090
7.35%, 7/1/2035		265,000		309,348
Illinois, State Toll Highway Authority Revenue:
5.85%, 12/1/2034		150,000		175,287
6.18%, 1/1/2034		175,000		212,063

				2,691,232

INDIANA — 0.4%
Indianapolis, IN, Public Improvement Revenue 6.12%, 1/15/2040		130,000		159,100

KANSAS — 0.4%
Kansas, State Department of Transportation, Highway Revenue 4.60%, 9/1/2035		175,000		178,993

KENTUCKY — 0.5%
Louisville & Jefferson County, KY, Metropolitan Sewer District Revenue 6.25%, 5/15/2043		200,000		246,184

LOUISIANA — 0.4%
East Baton Rouge, LA, Sewer Commission Revenue 6.09%, 2/1/2045		155,000		166,826

MARYLAND — 0.5%
Maryland, State Transportation Authority Revenue 5.89%, 7/1/2043		180,000		215,408

MASSACHUSETTS — 3.0%
Massachusetts, State General Obligation:
Series E 4.20%, 12/1/2021		580,000		622,990
Series D 4.50%, 8/1/2031		15,000		15,666
4.91%, 5/1/2029		200,000		217,852
Massachusetts, State School Building Authority Revenue:
5.45%, 11/1/2040		140,000		157,408
5.72%, 8/15/2039		220,000		253,796
Massachusetts, State Water Pollution Abatement Trust 5.19%, 8/1/2040		130,000		143,105

				1,410,817

MICHIGAN — 0.0% (a)
Michigan, State General Obligation Series B 7.63%, 9/15/2027		5,000		6,057

MISSOURI — 0.8%
Missouri, State Highways & Transportation Commission, State Road Revenue 5.45%, 5/1/2033		50,000		56,576
University of Missouri, Revenue:
5.79%, 11/1/2041		100,000		123,056
5.96%, 11/1/2039		145,000		175,116

				354,748

NEVADA — 1.1%
Clark County, NV, Airport Revenue:
6.82%, 7/1/2045		15,000		19,750
6.88%, 7/1/2042		345,000		371,434
Las Vegas Valley, NV, Water District, General Obligation 7.01%, 6/1/2039		125,000		137,849

				529,033

NEW JERSEY — 6.8%
New Jersey, State Transportation Trust Revenue:
5.75%, 12/15/2028		535,000		608,707
6.10%, 12/15/2028		275,000		305,008
6.56%, 12/15/2040		40,000		50,566
6.88%, 12/15/2039		215,000		237,818
New Jersey, State Turnpike Authority Revenue 7.10%, 1/1/2041		1,320,000		1,793,590
Rutgers University, Revenue 5.67%, 5/1/2040		160,000		188,670

				3,184,359

NEW YORK — 14.4%
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue:
5.44%, 6/15/2043		310,000		354,445
5.72%, 6/15/2042		245,000		291,494
5.75%, 6/15/2041		280,000		334,292
5.79%, 6/15/2041		5,000		5,326
5.88%, 6/15/2044		30,000		36,683

310

SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.95%, 6/15/2042	$	155,000	$	190,374
6.01%, 6/15/2042		260,000		321,568
6.28%, 6/15/2042		5,000		5,511
New York, NY, City Transitional Finance Authority Revenue:
5.51%, 8/1/2037		35,000		40,855
5.57%, 11/1/2038		225,000		263,194
5.77%, 8/1/2036		175,000		206,766
6.83%, 7/15/2040		215,000		265,117
New York, NY, General Obligation:
5.21%, 10/1/2031		115,000		124,377
5.52%, 10/1/2037		285,000		320,397
5.85%, 6/1/2040		75,000		88,402
Series G-1 5.97%, 3/1/2036		175,000		206,911
5.99%, 12/1/2036		150,000		175,992
6.25%, 6/1/2035		5,000		5,529
6.27%, 12/1/2037		250,000		306,457
6.65%, 12/1/2031		5,000		5,754
New York, NY, Metropolitan Transportation Authority Revenue:
5.87%, 11/15/2039		185,000		214,469
6.09%, 11/15/2040		170,000		206,341
6.55%, 11/15/2031		5,000		6,135
6.65%, 11/15/2039		160,000		201,421
6.67%, 11/15/2039		180,000		228,128
6.69%, 11/15/2040		55,000		69,712
6.81%, 11/15/2040		260,000		335,504
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund 7.34%, 11/15/2039		330,000		460,736
New York, State Dormitory Authority, State Personal Income Tax Revenue:
5.29%, 3/15/2033		75,000		84,816
5.39%, 3/15/2040		190,000		216,273
5.43%, 3/15/2039		25,000		28,280
5.50%, 3/15/2030		160,000		184,486
5.60%, 3/15/2040		355,000		413,291
5.63%, 3/15/2039		60,000		69,417
New York, State Urban Development Corp. Revenue:
5.77%, 3/15/2039		180,000		209,405
Series C 5.84%, 3/15/2040		200,000		237,270

				6,715,128

NORTH CAROLINA — 0.3%
North Carolina, Turnkpike Authority Revenue Series B 6.70%, 1/1/2039		120,000		130,634

OHIO — 4.5%
Ohio State University, General Receipts Revenue 4.91%, 6/1/2040		315,000		340,477
Ohio, American Municipal Power, Inc. Revenue:
5.94%, 2/15/2047		230,000		255,284
6.05%, 2/15/2043		210,000		237,359
Series E 6.27%, 2/15/2050		5,000		5,690
7.50%, 2/15/2050		5,000		6,556
7.83%, 2/15/2041		55,000		74,549
Ohio, American Municipal Power, Inc., Revenue:
6.45%, 2/15/2044		180,000		210,416
8.08%, 2/15/2050		440,000		630,718
Ohio, Northeast Regional Sewer District, Wastewater Revenue 6.04%, 11/15/2040		135,000		146,063
Ohio, State Water Development Authority, Water Quality Loan Fund 4.88%, 12/1/2034		190,000		202,303

				2,109,415

OREGON — 0.5%
Oregon, State Department of Transportation Revenue 5.83%, 11/15/2034		185,000		219,218

PENNSYLVANIA — 2.4%
Pennsylvania, Commonwealth Financing Authority Revenue 6.22%, 6/1/2039		170,000		197,695
Pennsylvania, State General Obligation:
4.65%, 2/15/2026		135,000		145,240
5.35%, 5/1/2030		15,000		16,047
5.45%, 2/15/2030		190,000		211,386
5.85%, 7/15/2030		80,000		88,144
Pennsylvania, Turnpike Commission Revenue:
5.51%, 12/1/2045		120,000		133,412
5.56%, 12/1/2049		170,000		189,870
6.11%, 12/1/2039		115,000		136,209

				1,118,003

SOUTH CAROLINA — 0.5%
South Carolina, State Public Service Authority Revenue Series C 6.45%, 1/1/2050		205,000		240,121

TENNESSEE — 0.8%
Nashville & Davidson County, TN, Convention Center Authority Revenue 6.73%, 7/1/2043		195,000		231,843
Nashville & Davidson County, TN, Metropolitan Government General Obligation 5.71%, 7/1/2034		135,000		149,208

				381,051

TEXAS — 10.4%
Dallas County, TX, Hospital District General Obligation 5.62%, 8/15/2044		175,000		202,477
Dallas, TX, Area Rapid Transit, Sales Tax Revenue:
4.92%, 12/1/2041		160,000		173,579
5.02%, 12/1/2048		260,000		281,349
6.00%, 12/1/2044		235,000		290,044
6.25%, 12/1/2034		5,000		5,469
Dallas, TX, Convention Center Hotel Development Corp. Revenue 7.09%, 1/1/2042		185,000		221,173
Dallas, TX, Independent School District, General Obligation 6.45%, 2/15/2035 (b)		270,000		310,735

311

SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

North Texas, Tollway Authority Revenue 6.72%, 1/1/2049	$	480,000	$	632,870
San Antonio, TX, Electric & Gas Revenue:
5.72%, 2/1/2041		150,000		178,398
5.81%, 2/1/2041		50,000		60,685
5.99%, 2/1/2039		245,000		300,588
Texas, State General Obligation:
4.63%, 4/1/2033		210,000		226,764
4.68%, 4/1/2040		395,000		420,596
5.52%, 4/1/2039		150,000		178,381
Texas, State Transportation Commission, Revenue 5.03%, 4/1/2026		20,000		22,696
Texas, State Transportation Commission, Revenue, Series B 5.18%, 4/1/2030		620,000		708,344
University of Texas, Revenue:
4.79%, 8/15/2046		105,000		113,444
5.13%, 8/15/2042		220,000		248,002
5.26%, 7/1/2039		235,000		271,352
Series B 6.28%, 8/15/2041		5,000		5,509

				4,852,455

UTAH — 1.0%
Utah, State General Obligation:
3.54%, 7/1/2025		195,000		197,638
4.55%, 7/1/2024		80,000		87,915
Utah, Transport Authority Sales Tax Revenue 5.94%, 6/15/2039		160,000		190,077

				475,630

VIRGINIA — 0.5%
University of Virginia, Revenue 6.20%, 9/1/2039		45,000		58,255
Virginia, Commonwealth Transportation Board Revenue 5.35%, 5/15/2035		140,000		156,463

				214,718

WASHINGTON — 1.7%
Central Puget Sound, WA, Regional Transit Authority, Sales & Use Tax Revenue 5.49%, 11/1/2039		160,000		182,349
Washington, State Convention Center, Public Facilities Revenue 6.79%, 7/1/2040		125,000		141,401
Washington, State General Obligation:
5.09%, 8/1/2033		70,000		77,609
5.14%, 8/1/2040		170,000		188,669
Series D 5.48%, 8/1/2039		190,000		219,139

				809,167

TOTAL MUNICIPAL BONDS & NOTES —
(Cost $46,540,284)				45,770,022

	Shares
SHORT TERM INVESTMENT — 0.1%
MONEY MARKET FUND — 0.1%
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)(e) (Cost $59,447)		59,447		59,447

TOTAL INVESTMENTS — 98.4% (f)
(Cost $46,599,731)				45,829,469
OTHER ASSETS & LIABILITIES — 1.6%				738,207

NET ASSETS — 100.0%			$	46,567,676


		As a % of
	Insurance Coverage	Net Assets

	Permanent School Fund Guaranteed		0.67	%

(c)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)	The rate shown is the annualized seven-day yield at period end.
(e)	Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)	Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

312

SPDR DB International Government Inflation-Protected Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

FOREIGN GOVERNMENT OBLIGATIONS — 99.1%
AUSTRALIA — 4.8%
Commonwealth of Australia:
1.25%, 2/21/2022	AUD	9,441,000	$	8,624,133
2.00%, 8/21/2035	AUD	1,021,500		928,486
2.50%, 9/20/2030	AUD	7,990,950		7,988,058
3.00%, 9/20/2025	AUD	7,907,900		8,327,052
4.00%, 8/20/2015	AUD	5,133,300		4,973,154
4.00%, 8/20/2020	AUD	14,250,600		15,403,911

				46,244,794

BRAZIL — 4.7%
Federal Republic of Brazil:
6.00%, 5/15/2017	BRL	19,215,704		8,563,114
6.00%, 8/15/2018	BRL	12,009,815		5,311,933
6.00%, 8/15/2022	BRL	28,823,556		12,514,526
6.00%, 8/15/2024	BRL	24,019,630		10,280,448
6.00%, 5/15/2035	BRL	21,180,510		8,785,652

				45,455,673

CANADA — 4.6%
Government of Canada:
1.50%, 12/1/2044	CAD	9,050,545		9,426,178
2.00%, 12/1/2041	CAD	4,426,840		5,070,281
3.00%, 12/1/2036	CAD	6,573,160		8,589,207
4.00%, 12/1/2031	CAD	5,387,760		7,514,552
4.25%, 12/1/2021	CAD	5,185,600		6,184,524
4.25%, 12/1/2026	CAD	5,605,960		7,433,592

				44,218,334

CHILE — 4.6%
Republic of Chile:
3.00%, 5/1/2017	CLP	2,714,801,552		5,159,424
3.00%, 7/1/2017	CLP	2,360,697,000		4,485,256
3.00%, 1/1/2018	CLP	2,360,697,002		4,488,299
3.00%, 3/1/2028	CLP	3,068,906,100		6,067,879
3.00%, 1/1/2030	CLP	7,082,091,000		14,062,208
3.00%, 2/1/2031	CLP	3,304,975,800		6,578,987
5.00%, 1/1/2016	CLP	1,770,522,750		3,422,066

				44,264,119

FRANCE — 17.1%
Republic of France:
1.00%, 7/25/2017	EUR	24,748,240		36,072,239
1.10%, 7/25/2022	EUR	2,682,425		3,971,927
1.60%, 7/25/2015	EUR	20,106,410		28,832,587
1.80%, 7/25/2040	EUR	8,835,918		14,434,093
2.25%, 7/25/2020	EUR	24,139,600		38,252,635
3.15%, 7/25/2032	EUR	13,452,120		25,584,795
3.40%, 7/25/2029	EUR	8,702,330		16,631,456

				163,779,732

GERMANY — 4.6%
Federal Republic of Germany:
0.10%, 4/15/2023	EUR	8,193,440		11,371,145
1.50%, 4/15/2016	EUR	10,921,010		15,713,407
1.75%, 4/15/2020	EUR	10,836,100		16,833,817

				43,918,369

ISRAEL — 4.5%
State of Israel:
2.75%, 8/30/2041	ILS	19,165,842		6,121,347
4.00%, 7/30/2021	ILS	48,023,003		17,203,057
4.00%, 7/31/2024	ILS	30,714,200		11,245,812
5.00%, 4/30/2015	ILS	27,876,849		8,525,885

				43,096,101

ITALY — 4.6%
Republic of Italy:
2.10%, 9/15/2016	EUR	2,859,030		4,134,556
2.10%, 9/15/2017	EUR	5,747,900		8,372,805
2.10%, 9/15/2021	EUR	5,358,150		7,617,491
2.35%, 9/15/2019	EUR	2,189,900		3,227,996
2.35%, 9/15/2035	EUR	3,842,930		5,174,432
2.60%, 9/15/2023	EUR	5,646,350		8,137,720
3.10%, 9/15/2026	EUR	5,244,850		7,814,961

				44,479,961

JAPAN — 4.6%
Japanese Government CPI Linked Bond:
0.10%, 9/10/2023	JPY	653,250,000		6,812,550
1.10%, 12/10/2016	JPY	1,349,999,999		14,727,630
1.40%, 6/10/2018	JPY	1,992,000,000		22,601,855

				44,142,035

MEXICO — 4.6%
United Mexican States:
2.00%, 6/9/2022	MXN	185,223,024		13,696,319
2.50%, 12/10/2020	MXN	51,450,840		4,026,247
4.50%, 11/22/2035	MXN	200,658,276		17,367,753
5.00%, 6/16/2016	MXN	108,046,764		8,966,008

				44,056,327

POLAND — 3.3%
Republic of Poland:
2.75%, 8/25/2023	PLN	41,819,763		14,404,523
3.00%, 8/24/2016	PLN	48,809,473		16,884,776

				31,289,299

SOUTH AFRICA — 4.9%
Republic of South Africa:
2.00%, 1/31/2025	ZAR	87,097,440		8,467,962
2.50%, 1/31/2017	ZAR	114,861,555		11,407,837
2.50%, 3/31/2046	ZAR	27,705,537		2,808,674
2.50%, 12/31/2050	ZAR	52,210,416		5,351,165
3.45%, 12/7/2033	ZAR	156,433,949		18,394,759

				46,430,397

SOUTH KOREA — 3.6%
Republic of South Korea:
2.75%, 3/10/2017	KRW	15,193,911,533		14,805,733
2.75%, 6/10/2020	KRW	19,985,420,000		20,109,801

				34,915,534

SWEDEN — 5.0%
Kingdom of Sweden:
0.25%, 6/1/2022	SEK	40,029,760		6,085,615
0.50%, 6/1/2017	SEK	46,268,685		7,310,925
3.50%, 12/1/2015	SEK	52,283,399		8,621,558
3.50%, 12/1/2028	SEK	72,953,580		15,462,600
4.00%, 12/1/2020	SEK	55,922,108		10,735,886

				48,216,584

TURKEY — 4.7%
Republic of Turkey:
2.00%, 10/26/2022	TRY	22,675,680		9,403,326
2.50%, 5/4/2016	TRY	10,137,728		4,633,869

313

SPDR DB International Government Inflation-Protected Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

2.80%, 11/8/2023	TRY	10,452,660	$	4,637,977
3.00%, 2/23/2022	TRY	23,215,340		10,495,847
4.00%, 4/1/2020	TRY	33,311,150		16,052,169

				45,223,188

UNITED KINGDOM — 18.9%
United Kingdom Treasury Bond:
0.13%, 3/22/2024	GBP	4,168,400		7,221,402
0.25%, 3/22/2052	GBP	4,174,760		7,711,049
0.38%, 3/22/2062	GBP	3,749,270		7,557,170
0.50%, 3/22/2050	GBP	7,102,860		14,119,940
0.63%, 11/22/2042	GBP	3,567,090		7,074,848
0.75%, 11/22/2047	GBP	4,863,640		10,242,862
1.13%, 11/22/2037	GBP	6,245,600		13,228,946
1.25%, 11/22/2017	GBP	7,172,220		13,207,289
1.25%, 11/22/2027	GBP	5,467,350		10,818,221
1.25%, 11/22/2032	GBP	4,653,880		9,617,465
1.25%, 11/22/2055	GBP	5,651,877		14,582,775
1.88%, 11/22/2022	GBP	7,984,470		16,085,747
2.00%, 1/26/2035	GBP	4,356,567		10,210,211
2.50%, 7/26/2016	GBP	3,088,616		5,635,883
2.50%, 4/16/2020	GBP	3,781,680		7,569,177
4.13%, 7/22/2030	GBP	9,330,125		26,002,955

				180,885,940

TOTAL FOREIGN GOVERNMENT OBLIGATIONS —
(Cost $903,447,374)				950,616,387

	Shares
SHORT TERM INVESTMENT — 0.0% (a)
MONEY MARKET FUND — 0.0% (a)
State Street Institutional Liquid Reserves Fund 0.08% (b)(c)(d) (Cost $42,829)		42,829		42,829

TOTAL INVESTMENTS — 99.1% (e)
(Cost $903,490,203)				950,659,216
OTHER ASSETS & LIABILITIES — 0.9%				8,349,543

NET ASSETS — 100.0%			$	959,008,759

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CLP — Chilean Peso

EUR — Euro Currency

GBP — Great British Pound

ILS — Israeli Shekel

JPY — Japanese Yen

KRW — South Korean Won

MXN — Mexican Peso

PLN — Polish Zloty

SEK — Swedish Krona

TRY — Turkish Lira

ZAR — South African Rand

314

SPDR Barclays Short Term International Treasury Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

FOREIGN GOVERNMENT OBLIGATIONS — 99.2%
AUSTRALIA — 3.7%
Commonwealth of Australia:
4.75%, 10/21/2015	AUD	3,100,000	$	2,962,852
4.75%, 6/15/2016	AUD	3,900,000		3,761,292
6.00%, 2/15/2017	AUD	2,560,000		2,567,704
6.25%, 4/15/2015	AUD	260,000		249,958

				9,541,806

AUSTRIA — 3.4%
Republic of Austria:
3.20%, 2/20/2017 (a)	EUR	550,000		819,863
3.50%, 7/15/2015 (a)	EUR	2,200,000		3,159,560
4.00%, 9/15/2016 (a)	EUR	3,200,000		4,813,244

				8,792,667

BELGIUM — 3.8%
Kingdom of Belgium:
2.75%, 3/28/2016 (a)	EUR	1,100,000		1,590,044
3.25%, 9/28/2016 (a)	EUR	1,950,000		2,881,577
3.75%, 9/28/2015 (a)	EUR	1,700,000		2,466,033
4.00%, 3/28/2017 (a)	EUR	2,000,000		3,047,596

				9,985,250

CANADA — 4.6%
Government of Canada:
1.00%, 5/1/2015	CAD	1,725,000		1,563,010
1.00%, 11/1/2015	CAD	1,025,000		927,909
1.00%, 8/1/2016	CAD	2,400,000		2,168,143
1.25%, 2/1/2016	CAD	3,200,000		2,908,485
1.50%, 8/1/2015	CAD	2,250,000		2,051,490
1.50%, 2/1/2017	CAD	1,000,000		912,208
2.75%, 9/1/2016	CAD	500,000		470,406
4.50%, 6/1/2015	CAD	1,000,000		942,723

				11,944,374

DENMARK — 2.8%
Kingdom of Denmark:
2.50%, 11/15/2016	DKK	14,350,000		2,805,818
4.00%, 11/15/2015	DKK	22,500,000		4,415,483

				7,221,301

FRANCE — 4.6%
French Treasury Note:
2.00%, 7/12/2015	EUR	1,250,000		1,762,092
2.25%, 2/25/2016	EUR	700,000		1,001,734
2.50%, 7/25/2016	EUR	2,000,000		2,897,935
Republic of France:
0.25%, 11/25/2015	EUR	2,675,000		3,688,750
3.00%, 10/25/2015	EUR	1,100,000		1,581,948
3.25%, 4/25/2016	EUR	100,000		146,337
5.00%, 10/25/2016	EUR	500,000		771,905

				11,850,701

GERMANY — 10.3%
Bundesobligation:
1.75%, 10/9/2015	EUR	2,450,000		3,458,850
2.00%, 2/26/2016	EUR	1,100,000		1,569,559
Bundesschatzanweisungen:
Zero Coupon, 6/12/2015 (b)	EUR	2,000,000		2,751,659
Zero Coupon, 12/11/2015 (b)	EUR	1,000,000		1,374,694
0.25%, 9/11/2015	EUR	500,000		690,045
0.25%, 3/11/2016	EUR	350,000		483,266
Federal Republic of Germany:
0.75%, 2/24/2017	EUR	1,500,000		2,099,139
1.25%, 10/14/2016	EUR	1,250,000		1,769,488
2.25%, 4/10/2015	EUR	800,000		1,126,277
2.75%, 4/8/2016	EUR	1,400,000		2,030,297
3.25%, 7/4/2015	EUR	1,500,000		2,147,634
3.50%, 1/4/2016	EUR	1,600,000		2,335,286
3.75%, 1/4/2017	EUR	1,500,000		2,269,911
4.00%, 7/4/2016	EUR	1,700,000		2,545,377

				26,651,482

ITALY — 11.0%
Italy Buoni Poliennali Del Tesoro:
1.50%, 12/15/2016	EUR	1,000,000		1,393,879
2.25%, 5/15/2016	EUR	4,300,000		6,095,496
2.75%, 11/15/2016	EUR	1,000,000		1,439,168
Republic of Italy:
Zero Coupon, 6/30/2015 (b)	EUR	1,800,000		2,459,117
Zero Coupon, 12/31/2015 (b)	EUR	300,000		407,622
2.75%, 12/1/2015	EUR	470,000		669,335
3.00%, 4/15/2015	EUR	2,000,000		2,822,391
3.00%, 6/15/2015	EUR	1,300,000		1,841,015
3.00%, 11/1/2015	EUR	1,500,000		2,141,178
3.75%, 8/1/2015	EUR	1,100,000		1,576,909
3.75%, 4/15/2016	EUR	1,000,000		1,458,808
3.75%, 8/1/2016	EUR	500,000		733,471
4.00%, 2/1/2017	EUR	1,800,000		2,679,406
4.50%, 7/15/2015	EUR	1,300,000		1,878,283
4.75%, 9/15/2016	EUR	700,000		1,051,990

				28,648,068

JAPAN — 22.9%
Government of Japan 2 Year Bond:
0.10%, 4/15/2015	JPY	75,000,000		728,567
0.10%, 5/15/2015	JPY	200,000,000		1,942,854
0.20%, 6/15/2015	JPY	255,000,000		2,480,107
0.10%, 9/15/2015	JPY	300,000,000		2,914,199
0.10%, 10/15/2015	JPY	300,000,000		2,914,144
0.10%, 11/15/2015	JPY	160,000,000		1,554,174
0.10%, 12/15/2015	JPY	300,000,000		2,914,001
0.10%, 2/15/2016	JPY	220,000,000		2,136,785
Government of Japan 5 Year Bond:
0.30%, 6/20/2015	JPY	230,000,000		2,239,698
0.30%, 6/20/2016	JPY	500,000,000		4,877,069
0.30%, 9/20/2016	JPY	500,000,000		4,878,880
0.30%, 3/20/2017	JPY	500,000,000		4,882,051
0.40%, 6/20/2015	JPY	160,000,000		1,559,935
0.40%, 9/20/2015	JPY	550,000,000		5,366,149
0.40%, 6/20/2016	JPY	200,000,000		1,955,122
0.60%, 12/20/2015	JPY	350,000,000		3,428,743
Government of Japan 10 Year Bond:
0.30%, 12/20/2016	JPY	650,000,000		6,344,665
1.70%, 9/20/2016	JPY	150,000,000		1,513,868

315

SPDR Barclays Short Term International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

1.80%, 3/20/2016	JPY	485,000,000	$	4,867,641

				59,498,652

MEXICO — 3.1%
Mexican Bonos:
6.00%, 6/18/2015	MXN	22,000,000		1,729,979
6.25%, 6/16/2016	MXN	29,000,000		2,325,630
7.25%, 12/15/2016	MXN	27,850,000		2,296,793
8.00%, 12/17/2015	MXN	20,000,000		1,634,613

				7,987,015

NETHERLANDS — 4.5%
Kingdom of the Netherlands:
0.75%, 4/15/2015	EUR	1,150,000		1,594,319
2.50%, 1/15/2017 (a)	EUR	1,700,000		2,485,237
3.25%, 7/15/2015 (a)	EUR	2,100,000		3,007,897
4.00%, 7/15/2016 (a)	EUR	700,000		1,047,319
Netherlands Government Bond Zero Coupon, 4/15/2016 (a)(b)	EUR	2,625,000		3,601,118

				11,735,890

POLAND — 3.3%
Poland Government Bond:
Zero Coupon, 7/25/2015 (b)	PLN	4,050,000		1,292,987
Zero Coupon, 1/25/2016 (b)	PLN	5,000,000		1,569,636
Zero Coupon, 7/25/2016 (b)	PLN	1,000,000		308,632
4.75%, 10/25/2016	PLN	4,000,000		1,376,316
5.00%, 4/25/2016	PLN	4,775,000		1,642,345
5.50%, 4/25/2015	PLN	1,500,000		510,608
6.25%, 10/24/2015	PLN	5,250,000		1,827,265

				8,527,789

SINGAPORE — 2.5%
Government of Singapore:
1.13%, 4/1/2016	SGD	4,650,000		3,744,201
2.88%, 7/1/2015	SGD	1,600,000		1,311,196
3.75%, 9/1/2016	SGD	1,650,000		1,411,542

				6,466,939

SOUTH AFRICA — 2.4%
South Africa Government Bond 13.50%, 9/15/2015	ZAR	59,250,000		6,143,458

SOUTH KOREA — 4.7%
Korea Treasury Bond:
2.75%, 12/10/2015	KRW	2,100,000,000		1,972,035
2.75%, 6/10/2016	KRW	3,100,000,000		2,907,514
2.76%, 6/2/2015	KRW	1,000,000,000		940,125
2.80%, 8/2/2015	KRW	175,000,000		164,585
2.81%, 10/2/2015	KRW	1,450,000,000		1,363,535
3.00%, 12/10/2016	KRW	1,100,000,000		1,036,863
3.25%, 6/10/2015	KRW	4,000,000,000		3,781,728

				12,166,385

SPAIN — 4.5%
Kingdom of Spain:
3.00%, 4/30/2015	EUR	1,100,000		1,554,104
3.25%, 4/30/2016	EUR	500,000		723,512
3.30%, 7/30/2016	EUR	2,350,000		3,416,015
3.75%, 10/31/2015	EUR	1,500,000		2,165,575
3.80%, 1/31/2017	EUR	1,000,000		1,482,032
4.00%, 7/30/2015	EUR	875,000		1,258,488
4.25%, 10/31/2016	EUR	750,000		1,118,666

				11,718,392

SWEDEN — 2.6%
Kingdom of Sweden:
3.00%, 7/12/2016	SEK	19,850,000		3,213,107
4.50%, 8/12/2015	SEK	22,000,000		3,569,853

				6,782,960

UNITED KINGDOM — 4.5%
United Kingdom Treasury Bond:
1.75%, 1/22/2017	GBP	1,400,000		2,375,019
2.00%, 1/22/2016	GBP	1,500,000		2,558,292
4.00%, 9/7/2016	GBP	1,600,000		2,865,631
4.75%, 9/7/2015	GBP	1,815,000		3,207,460
8.00%, 12/7/2015	GBP	435,000		816,456

				11,822,858

TOTAL FOREIGN GOVERNMENT OBLIGATIONS —
(Cost $257,042,442)				257,485,987

	Shares
SHORT TERM INVESTMENT — 0.0% (c)
MONEY MARKET FUND — 0.0% (c)
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)(f) (Cost $47,190)		47,190		47,190

TOTAL INVESTMENTS — 99.2% (g)
(Cost $257,089,632)				257,533,177
OTHER ASSETS & LIABILITIES — 0.8%				2,039,031

NET ASSETS — 100.0%			$	259,572,208


(a)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 11.1% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(b)		Non-income producing security.
(c)		Amount shown represents less than 0.05% of net assets.
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

AUD — Australian Dollar

CAD — Canadian Dollar

DKK — Danish Krone

EUR — Euro Currency

GBP — Great British Pound

316

SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

FOREIGN GOVERNMENT OBLIGATIONS — 98.7%
AUSTRALIA — 4.2%
Commonwealth of Australia:
2.75%, 4/21/2024 (a)	AUD	5,000,000	$	4,125,596
3.25%, 10/21/2018	AUD	1,650,000		1,520,570
3.25%, 4/21/2025	AUD	6,500,000		5,532,322
3.25%, 4/21/2029	AUD	2,750,000		2,202,578
4.25%, 7/21/2017	AUD	14,000,000		13,432,006
4.25%, 4/21/2026	AUD	100,000		92,510
4.50%, 4/15/2020 (a)	AUD	6,250,000		6,069,710
4.50%, 4/21/2033	AUD	2,000,000		1,814,365
4.75%, 10/21/2015	AUD	3,000,000		2,867,276
4.75%, 6/15/2016	AUD	7,050,000		6,799,259
4.75%, 4/21/2027 (a)	AUD	2,400,000		2,316,043
5.25%, 3/15/2019 (a)	AUD	5,830,000		5,844,627
5.50%, 1/21/2018	AUD	7,100,000		7,111,957
5.50%, 4/21/2023	AUD	6,800,000		7,018,681
5.75%, 5/15/2021 (a)	AUD	7,350,000		7,648,156
5.75%, 7/15/2022	AUD	3,500,000		3,659,886
5.75%, 7/15/2022	AUD	2,350,000		2,457,352
6.00%, 2/15/2017	AUD	4,300,000		4,312,941
6.25%, 4/15/2015	AUD	3,220,000		3,095,629
6.25%, 4/15/2015	AUD	2,000,000		1,922,751

				89,844,215

AUSTRIA — 4.4%
Republic of Austria:
1.15%, 10/19/2018 (b)	EUR	3,700,000		5,187,786
1.75%, 10/20/2023 (b)	EUR	4,000,000		5,477,164
1.95%, 6/18/2019 (b)	EUR	3,000,000		4,350,169
2.40%, 5/23/2034 (b)	EUR	1,000,000		1,346,825
3.15%, 6/20/2044 (b)	EUR	2,000,000		3,030,192
3.20%, 2/20/2017 (b)	EUR	4,200,000		6,260,770
3.40%, 11/22/2022 (b)	EUR	2,950,000		4,633,899
3.50%, 7/15/2015 (b)	EUR	2,700,000		3,877,642
3.50%, 9/15/2021 (b)	EUR	4,500,000		7,115,076
3.65%, 4/20/2022 (b)	EUR	2,000,000		3,192,858
3.65%, 4/20/2022 (b)	EUR	375,000		598,661
3.80%, 1/26/2062 (b)	EUR	1,000,000		1,771,051
3.90%, 7/15/2020 (b)	EUR	4,600,000		7,385,126
4.00%, 9/15/2016 (b)	EUR	3,780,000		5,685,645
4.15%, 3/15/2037 (b)	EUR	4,100,000		7,141,962
4.30%, 9/15/2017 (b)	EUR	6,000,000		9,347,840
4.35%, 3/15/2019 (b)	EUR	200,000		322,257
4.65%, 1/15/2018 (b)	EUR	5,000,000		7,940,096
4.85%, 3/15/2026 (b)	EUR	1,700,000		3,019,198
6.25%, 7/15/2027	EUR	2,915,000		5,875,764

				93,559,981

BELGIUM — 4.6%
Kingdom of Belgium:
1.25%, 6/22/2018	EUR	4,500,000		6,315,002
2.25%, 6/22/2023	EUR	3,500,000		4,920,882
2.60%, 6/22/2024 (b)	EUR	1,200,000		1,711,736
2.75%, 3/28/2016 (b)	EUR	1,600,000		2,312,791
3.00%, 9/28/2019	EUR	1,300,000		1,971,452
3.00%, 6/22/2034 (b)	EUR	2,000,000		2,766,654
3.25%, 9/28/2016 (b)	EUR	2,925,000		4,322,365
3.50%, 6/28/2017 (b)	EUR	5,900,000		8,908,247
3.75%, 9/28/2015 (b)	EUR	2,700,000		3,916,641
3.75%, 9/28/2020 (b)	EUR	2,000,000		3,166,115
3.75%, 6/22/2045	EUR	1,000,000		1,534,267
4.00%, 3/28/2017 (b)	EUR	500,000		761,899
4.00%, 3/28/2018 (b)	EUR	250,000		389,082
4.00%, 3/28/2019	EUR	3,380,000		5,344,715
4.00%, 3/28/2022	EUR	5,500,000		8,868,884
4.00%, 3/28/2032	EUR	2,640,000		4,228,353
4.25%, 9/28/2021 (b)	EUR	3,750,000		6,136,360
4.25%, 9/28/2022	EUR	3,000,000		4,919,607
4.25%, 3/28/2041 (b)	EUR	2,900,000		4,847,457
4.50%, 3/28/2026 (b)	EUR	1,400,000		2,344,904
5.00%, 3/28/2035 (b)	EUR	3,500,000		6,354,585
5.50%, 9/28/2017 (b)	EUR	4,700,000		7,581,845
5.50%, 3/28/2028	EUR	3,245,000		5,997,515

				99,621,358

CANADA — 4.6%
Government of Canada:
1.00%, 5/1/2015	CAD	2,400,000		2,174,623
1.00%, 11/1/2015	CAD	8,000,000		7,242,220
1.00%, 5/1/2016	CAD	3,000,000		2,712,870
1.00%, 8/1/2016	CAD	1,800,000		1,626,107
1.25%, 3/1/2018	CAD	2,500,000		2,243,828
1.25%, 9/1/2018	CAD	3,200,000		2,853,110
1.50%, 8/1/2015	CAD	3,000,000		2,735,321
1.50%, 2/1/2017	CAD	150,000		136,831
1.50%, 3/1/2017	CAD	3,900,000		3,560,687
1.50%, 9/1/2017	CAD	3,500,000		3,183,185
1.50%, 6/1/2023	CAD	4,200,000		3,534,355
1.75%, 3/1/2019	CAD	6,000,000		5,443,624
2.00%, 6/1/2016	CAD	2,000,000		1,847,719
2.50%, 6/1/2024	CAD	4,930,000		4,478,204
2.75%, 9/1/2016	CAD	2,800,000		2,634,270
2.75%, 6/1/2022	CAD	3,600,000		3,385,810
3.25%, 6/1/2021	CAD	3,000,000		2,934,632
3.50%, 6/1/2020	CAD	3,000,000		2,973,200
3.50%, 12/1/2045	CAD	3,900,000		3,920,317
3.75%, 6/1/2019	CAD	3,575,000		3,562,692
4.00%, 6/1/2016	CAD	7,530,000		7,247,970
4.00%, 6/1/2017	CAD	1,800,000		1,768,656
4.00%, 6/1/2041	CAD	4,200,000		4,522,492
4.25%, 6/1/2018	CAD	1,750,000		1,760,147
4.50%, 6/1/2015	CAD	4,750,000		4,477,932
5.00%, 6/1/2037	CAD	4,750,000		5,782,929
5.75%, 6/1/2029	CAD	3,490,000		4,335,536
5.75%, 6/1/2033	CAD	2,850,000		3,668,270
8.00%, 6/1/2027	CAD	1,000,000		1,449,576

				98,197,113

DENMARK — 3.5%
Kingdom of Denmark:
1.50%, 11/15/2023	DKK	38,600,000		7,050,610
2.50%, 11/15/2016	DKK	28,350,000		5,543,202
3.00%, 11/15/2021	DKK	53,400,000		11,090,974
4.00%, 11/15/2015	DKK	44,200,000		8,673,971
4.00%, 11/15/2017	DKK	41,100,000		8,563,701
4.00%, 11/15/2019	DKK	53,000,000		11,468,273
4.50%, 11/15/2039	DKK	70,000,000		18,055,787
7.00%, 11/10/2024	DKK	14,300,000		4,050,567

				74,497,085

FRANCE — 4.5%
French Treasury Note:
1.00%, 7/25/2017	EUR	2,000,000		2,804,997

318

SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

1.75%, 2/25/2017	EUR	3,000,000	$	4,301,354
2.00%, 7/12/2015	EUR	5,300,000		7,471,270
2.25%, 2/25/2016	EUR	4,000,000		5,724,196
2.50%, 7/25/2016	EUR	1,450,000		2,101,003
Republic of France:
0.25%, 11/25/2015	EUR	5,000,000		6,894,859
1.75%, 5/25/2023	EUR	4,000,000		5,453,248
2.25%, 10/25/2022	EUR	1,000,000		1,432,966
2.25%, 5/25/2024	EUR	750,000		1,048,723
2.50%, 10/25/2020	EUR	4,240,000		6,289,775
2.75%, 10/25/2027	EUR	3,500,000		4,961,277
3.25%, 10/25/2021	EUR	4,500,000		6,968,085
3.50%, 4/25/2020	EUR	5,000,000		7,831,931
3.75%, 4/25/2017	EUR	600,000		911,530
3.75%, 10/25/2019	EUR	4,030,000		6,369,491
3.75%, 4/25/2021	EUR	3,000,000		4,784,938
4.00%, 10/25/2038	EUR	2,000,000		3,247,983
4.00%, 4/25/2060	EUR	1,150,000		1,893,426
4.25%, 10/25/2018	EUR	2,500,000		3,983,451
4.50%, 4/25/2041	EUR	2,550,000		4,477,484
4.75%, 4/25/2035	EUR	1,000,000		1,784,006
5.00%, 10/25/2016	EUR	270,000		416,829
5.50%, 4/25/2029	EUR	3,250,000		6,090,627
6.00%, 10/25/2025	EUR	100,000		190,503

				97,433,952

GERMANY — 4.4%
Federal Republic of Germany:
0.25%, 4/13/2018	EUR	1,000,000		1,367,366
0.50%, 4/7/2017	EUR	1,200,000		1,666,560
0.50%, 10/13/2017	EUR	1,700,000		2,358,380
0.50%, 2/23/2018	EUR	4,000,000		5,533,479
0.75%, 2/24/2017	EUR	1,000,000		1,399,426
1.00%, 10/12/2018	EUR	2,000,000		2,812,462
1.00%, 2/22/2019	EUR	500,000		701,368
1.25%, 10/14/2016	EUR	750,000		1,061,693
1.50%, 9/4/2022	EUR	1,300,000		1,818,468
1.50%, 2/15/2023	EUR	2,500,000		3,477,058
1.50%, 5/15/2023	EUR	500,000		692,751
1.75%, 7/4/2022	EUR	2,200,000		3,148,341
1.75%, 2/15/2024	EUR	775,000		1,085,392
2.00%, 8/15/2023	EUR	2,000,000		2,881,680
2.25%, 4/10/2015	EUR	3,330,000		4,688,128
2.50%, 1/4/2021	EUR	2,000,000		3,032,551
2.50%, 7/4/2044	EUR	1,500,000		2,098,096
2.75%, 4/8/2016	EUR	600,000		870,127
3.00%, 7/4/2020	EUR	2,150,000		3,349,486
3.25%, 7/4/2021	EUR	2,650,000		4,210,186
3.25%, 7/4/2042	EUR	1,200,000		1,935,155
3.50%, 1/4/2016	EUR	3,900,000		5,692,260
3.50%, 7/4/2019	EUR	4,700,000		7,434,035
3.75%, 1/4/2017	EUR	1,200,000		1,815,929
4.00%, 7/4/2016	EUR	4,150,000		6,213,715
4.00%, 1/4/2037	EUR	2,550,000		4,496,276
4.25%, 7/4/2017	EUR	2,090,000		3,251,924
4.25%, 7/4/2018	EUR	200,000		319,998
4.25%, 7/4/2039	EUR	950,000		1,764,578
4.75%, 7/4/2034	EUR	500,000		955,190
4.75%, 7/4/2040	EUR	525,000		1,051,902
5.50%, 1/4/2031	EUR	2,350,000		4,709,904
5.63%, 1/4/2028	EUR	3,115,000		6,167,353

				94,061,217

ITALY — 11.4%
Republic of Italy:
Zero Coupon, 6/30/2015 (c)	EUR	2,250,000		3,073,896
2.50%, 5/1/2019	EUR	1,700,000		2,406,052
2.75%, 12/1/2015	EUR	2,300,000		3,275,471
3.00%, 6/15/2015	EUR	4,600,000		6,514,360
3.00%, 11/1/2015	EUR	2,100,000		2,997,649
3.50%, 11/1/2017	EUR	9,000,000		13,283,707
3.50%, 6/1/2018	EUR	9,000,000		13,301,073
3.50%, 12/1/2018	EUR	2,000,000		2,964,890
3.75%, 4/15/2016	EUR	4,000,000		5,835,233
3.75%, 8/1/2016	EUR	5,000,000		7,334,713
3.75%, 3/1/2021	EUR	2,980,000		4,414,582
3.75%, 5/1/2021	EUR	1,000,000		1,477,663
3.75%, 8/1/2021	EUR	2,600,000		3,840,095
4.00%, 2/1/2017	EUR	4,000,000		5,954,237
4.00%, 9/1/2020	EUR	3,000,000		4,532,925
4.00%, 2/1/2037	EUR	2,765,000		3,864,006
4.25%, 2/1/2019	EUR	1,750,000		2,678,258
4.25%, 9/1/2019	EUR	2,350,000		3,604,855
4.25%, 3/1/2020	EUR	1,500,000		2,294,848
4.50%, 7/15/2015	EUR	3,000,000		4,334,498
4.50%, 2/1/2018	EUR	3,000,000		4,583,873
4.50%, 8/1/2018	EUR	1,475,000		2,268,631
4.50%, 3/1/2019	EUR	2,250,000		3,484,564
4.50%, 2/1/2020	EUR	1,750,000		2,711,258
4.50%, 5/1/2023	EUR	6,000,000		9,149,951
4.50%, 3/1/2024	EUR	3,000,000		4,560,297
4.50%, 3/1/2026	EUR	5,500,000		8,321,733
4.75%, 9/15/2016	EUR	3,200,000		4,809,099
4.75%, 5/1/2017	EUR	5,000,000		7,609,178
4.75%, 6/1/2017	EUR	5,000,000		7,616,896
4.75%, 9/1/2021	EUR	2,400,000		3,756,694
4.75%, 8/1/2023 (b)	EUR	1,475,000		2,294,555
4.75%, 9/1/2028 (b)	EUR	4,500,000		6,885,907
4.75%, 9/1/2044 (b)	EUR	2,000,000		2,978,563
5.00%, 3/1/2022	EUR	5,000,000		7,920,814
5.00%, 3/1/2025 (b)	EUR	4,000,000		6,292,911
5.00%, 8/1/2034	EUR	5,000,000		7,843,756
5.00%, 8/1/2039	EUR	2,000,000		3,126,785
5.00%, 9/1/2040	EUR	3,500,000		5,440,365
5.25%, 8/1/2017	EUR	6,000,000		9,308,973
5.25%, 11/1/2029	EUR	1,750,000		2,810,630
5.50%, 9/1/2022	EUR	4,250,000		6,928,323
5.50%, 11/1/2022	EUR	7,000,000		11,405,952
5.75%, 2/1/2033	EUR	4,000,000		6,811,530
6.00%, 5/1/2031	EUR	1,450,000		2,517,422
6.50%, 11/1/2027	EUR	2,885,000		5,186,835

				244,608,506

JAPAN — 22.6%
Government of Japan 2 Year Bond:
0.10%, 4/15/2015	JPY	600,000,000		5,828,538
0.10%, 9/15/2015	JPY	1,250,000,000		12,142,496
0.10%, 10/15/2015	JPY	200,000,000		1,942,763
0.10%, 12/15/2015	JPY	500,000,000		4,856,668

319

SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Government of Japan 5 Year Bond:
0.10%, 12/20/2017	JPY	500,000,000	$	4,847,148
0.10%, 3/20/2018	JPY	540,000,000		5,232,146
0.20%, 6/20/2017	JPY	900,000,000		8,760,845
0.20%, 9/20/2017	JPY	700,000,000		6,812,760
0.20%, 12/20/2017	JPY	950,000,000		9,243,739
0.20%, 9/20/2018	JPY	800,000,000		7,774,965
0.20%, 12/20/2018	JPY	1,300,000,000		12,627,401
0.30%, 6/20/2016	JPY	415,000,000		4,047,968
0.30%, 3/20/2017	JPY	400,000,000		3,905,641
0.30%, 3/20/2018	JPY	600,000,000		5,859,545
0.30%, 6/20/2018	JPY	300,000,000		2,929,268
0.40%, 6/20/2015	JPY	675,000,000		6,580,976
0.40%, 6/20/2016	JPY	400,000,000		3,910,243
0.40%, 3/20/2018	JPY	550,000,000		5,392,355
0.40%, 6/20/2018	JPY	200,000,000		1,960,996
0.50%, 3/20/2016	JPY	600,000,000		5,873,108
0.60%, 12/20/2015	JPY	459,750,000		4,503,898
Government of Japan 10 Year Bond:
0.30%, 12/20/2016	JPY	1,135,000,000		11,078,762
0.60%, 3/20/2023	JPY	1,520,000,000		14,811,709
0.60%, 12/20/2023	JPY	950,000,000		9,202,367
0.70%, 12/20/2022	JPY	650,000,000		6,398,257
0.80%, 9/20/2020	JPY	400,000,000		4,004,560
0.80%, 6/20/2022	JPY	199,950,000		1,989,012
0.80%, 9/20/2022	JPY	400,000,000		3,974,897
0.80%, 12/20/2022	JPY	350,000,000		3,474,106
0.80%, 6/20/2023	JPY	500,000,000		4,950,090
0.80%, 9/20/2023	JPY	1,350,000,000		13,345,094
0.90%, 3/20/2022	JPY	185,000,000		1,856,183
0.90%, 6/20/2022	JPY	400,000,000		4,010,242
1.00%, 9/20/2020	JPY	315,000,000		3,192,712
1.00%, 12/20/2021	JPY	250,000,000		2,529,395
1.00%, 3/20/2022	JPY	400,000,000		4,043,696
1.10%, 9/20/2021	JPY	715,000,000		7,290,396
1.20%, 12/20/2020	JPY	350,000,000		3,592,733
1.20%, 6/20/2021	JPY	625,000,000		6,418,234
1.30%, 3/20/2018	JPY	300,000,000		3,044,899
1.30%, 12/20/2019	JPY	627,000,000		6,449,780
1.30%, 3/20/2021	JPY	275,000,000		2,842,403
1.50%, 9/20/2015	JPY	625,000,000		6,195,678
1.50%, 12/20/2017	JPY	500,000,000		5,098,806
1.50%, 6/20/2018	JPY	240,000,000		2,460,787
1.60%, 12/20/2015	JPY	409,500,000		4,079,711
1.70%, 9/20/2016	JPY	777,000,000		7,841,834
1.70%, 12/20/2016	JPY	745,100,000		7,547,342
1.70%, 3/20/2017	JPY	680,000,000		6,913,207
1.70%, 9/20/2017	JPY	648,000,000		6,632,913
1.80%, 6/20/2017	JPY	300,000,000		3,069,724
1.90%, 6/20/2016	JPY	202,600,000		2,045,777
Government of Japan 20 Year Bond:
0.30%, 9/20/2018	JPY	1,200,000,000		11,714,254
1.50%, 3/20/2033	JPY	260,000,000		2,553,433
1.60%, 3/20/2032	JPY	20,000,000		202,394
1.60%, 12/20/2033	JPY	195,000,000		1,927,854
1.70%, 9/20/2032	JPY	500,000,000		5,104,811
1.70%, 12/20/2032	JPY	700,000,000		7,123,435
1.70%, 9/20/2033	JPY	600,000,000		6,049,324
1.80%, 9/20/2030	JPY	251,350,000		2,661,728
1.80%, 9/20/2031	JPY	260,000,000		2,726,000
1.80%, 12/20/2031	JPY	535,000,000		5,594,442
1.90%, 9/20/2022	JPY	750,000,000		8,115,636
1.90%, 12/20/2023	JPY	335,000,000		3,642,973
1.90%, 3/20/2029	JPY	404,300,000		4,391,243
1.90%, 9/20/2030	JPY	231,000,000		2,479,671
1.90%, 3/20/2031	JPY	55,000,000		587,747
2.00%, 12/20/2024	JPY	450,000,000		4,959,875
2.10%, 9/21/2021	JPY	650,000,000		7,091,214
2.10%, 9/20/2024	JPY	200,000,000		2,220,997
2.10%, 9/20/2025	JPY	630,000,000		7,028,221
2.10%, 9/20/2029	JPY	457,750,000		5,080,200
2.10%, 3/20/2030	JPY	100,000,000		1,106,281
2.10%, 12/20/2030	JPY	150,000,000		1,650,513
2.20%, 3/20/2031	JPY	400,000,000		4,452,287
2.30%, 6/20/2027	JPY	1,696,200,000		19,364,317
2.60%, 3/20/2019	JPY	968,300,000		10,514,082
2.90%, 9/20/2019	JPY	400,000,000		4,445,451
Government of Japan 30 Year Bond:
1.70%, 6/20/2033	JPY	310,000,000		3,134,794
1.80%, 3/20/2043	JPY	200,000,000		1,984,656
1.80%, 9/20/2043	JPY	250,000,000		2,478,650
1.90%, 9/20/2042	JPY	200,000,000		2,030,189
2.00%, 9/20/2040	JPY	332,200,000		3,447,845
2.00%, 3/20/2042	JPY	100,000,000		1,037,277
2.20%, 3/20/2041	JPY	205,550,000		2,219,447
2.30%, 3/20/2039	JPY	465,900,000		5,113,138
2.30%, 3/20/2040	JPY	301,550,000		3,314,344
2.40%, 3/20/2037	JPY	460,700,000		5,129,067
2.50%, 9/20/2034	JPY	650,000,000		7,373,260
2.50%, 9/20/2035	JPY	1,060,000,000		12,001,915
Government of Japan 40 Year Bond:
1.90%, 3/20/2053	JPY	400,000,000		4,005,255
2.00%, 3/20/2052	JPY	510,000,000		5,251,690
2.20%, 3/20/2049	JPY	40,000,000		433,403

				487,162,086

MEXICO — 3.7%
Mexican Bonos:
4.75%, 6/14/2018	MXN	58,650,000		4,457,346
5.00%, 6/15/2017	MXN	92,600,000		7,225,954
6.00%, 6/18/2015	MXN	81,000,000		6,369,469
6.25%, 6/16/2016	MXN	51,350,000		4,117,968
6.50%, 6/10/2021	MXN	32,000,000		2,557,611
6.50%, 6/9/2022	MXN	115,000,000		9,082,266
7.25%, 12/15/2016	MXN	53,350,000		4,399,781
7.50%, 6/3/2027	MXN	44,250,000		3,687,623
7.75%, 12/14/2017	MXN	15,250,000		1,287,761
7.75%, 5/29/2031	MXN	56,100,000		4,690,194
7.75%, 11/13/2042	MXN	47,000,000		3,853,991
8.00%, 12/17/2015	MXN	50,000,000		4,086,533
8.00%, 6/11/2020	MXN	24,000,000		2,072,263
8.00%, 12/7/2023	MXN	30,000,000		2,601,870
8.50%, 12/13/2018	MXN	27,250,000		2,382,899
8.50%, 5/31/2029	MXN	43,400,000		3,886,425
8.50%, 11/18/2038	MXN	30,000,000		2,667,757
10.00%, 12/5/2024	MXN	55,000,000		5,454,795

320

SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

10.00%, 11/20/2036	MXN	41,500,000	$	4,215,395

				79,097,901

NETHERLANDS — 4.5%
Kingdom of the Netherlands:
0.75%, 4/15/2015	EUR	4,500,000		6,238,641
1.25%, 1/15/2018 (b)	EUR	4,500,000		6,363,440
1.25%, 1/15/2019 (b)	EUR	3,500,000		4,921,981
1.75%, 7/15/2023 (b)	EUR	3,500,000		4,826,218
2.25%, 7/15/2022 (b)	EUR	2,000,000		2,904,496
2.50%, 1/15/2017 (b)	EUR	4,400,000		6,432,377
2.50%, 1/15/2033 (b)	EUR	2,500,000		3,468,499
2.75%, 1/15/2047	EUR	750,000		1,067,464
3.25%, 7/15/2015 (b)	EUR	7,360,000		10,541,964
3.25%, 7/15/2021 (b)	EUR	4,000,000		6,234,154
3.50%, 7/15/2020 (b)	EUR	5,880,000		9,274,422
3.75%, 1/15/2023 (b)	EUR	3,400,000		5,499,078
3.75%, 1/15/2042 (b)	EUR	3,200,000		5,477,609
4.00%, 7/15/2016 (b)	EUR	250,000		374,043
4.00%, 7/15/2018 (b)	EUR	3,410,000		5,361,708
4.00%, 7/15/2019 (b)	EUR	500,000		799,421
4.00%, 1/15/2037 (b)	EUR	3,170,000		5,498,800
4.50%, 7/15/2017 (b)	EUR	3,000,000		4,681,784
5.50%, 1/15/2028 (b)	EUR	3,180,000		6,100,080
Netherlands Government Bond Zero Coupon, 4/15/2016 (b)(c)	EUR	1,200,000		1,646,225

				97,712,404

POLAND — 3.3%
Poland Government Bond:
Zero Coupon, 7/25/2015 (c)	PLN	7,500,000		2,394,420
Zero Coupon, 1/25/2016 (c)	PLN	6,300,000		1,977,742
Zero Coupon, 7/25/2016 (c)	PLN	6,950,000		2,144,991
2.50%, 7/25/2018	PLN	5,000,000		1,587,013
3.75%, 4/25/2018	PLN	20,000,000		6,681,671
4.00%, 10/25/2023	PLN	15,000,000		4,875,223
4.75%, 10/25/2016	PLN	10,000,000		3,440,789
4.75%, 4/25/2017	PLN	16,600,000		5,729,291
5.00%, 4/25/2016	PLN	17,000,000		5,847,091
5.25%, 10/25/2017	PLN	16,100,000		5,663,828
5.25%, 10/25/2020	PLN	15,650,000		5,571,823
5.50%, 4/25/2015	PLN	12,000,000		4,084,861
5.50%, 10/25/2019	PLN	5,025,000		1,806,000
5.75%, 10/25/2021	PLN	18,640,000		6,826,359
5.75%, 9/23/2022	PLN	11,960,000		4,397,815
5.75%, 4/25/2029	PLN	6,700,000		2,491,378
6.25%, 10/24/2015	PLN	18,715,000		6,513,766

				72,034,061

SOUTH AFRICA — 3.2%
South Africa Government Bond:
6.25%, 3/31/2036	ZAR	20,000,000		1,417,279
6.50%, 2/28/2041	ZAR	45,000,000		3,207,361
6.75%, 3/31/2021	ZAR	55,500,000		4,874,211
7.00%, 2/28/2031	ZAR	60,000,000		4,819,840
7.25%, 1/15/2020	ZAR	81,785,000		7,490,109
7.75%, 2/28/2023	ZAR	113,400,000		10,413,320
8.00%, 12/21/2018	ZAR	59,500,000		5,695,830
8.00%, 1/31/2030	ZAR	13,300,000		1,178,651
8.25%, 9/15/2017	ZAR	90,000,000		8,724,470
8.50%, 1/31/2037	ZAR	80,000,000		7,274,760
8.75%, 2/28/2048	ZAR	30,000,000		2,757,699
10.50%, 12/21/2026	ZAR	57,600,000		6,349,532
10.50%, 12/21/2026	ZAR	1,000,000		110,668
10.50%, 12/21/2026	ZAR	6,000,000		661,410
13.50%, 9/15/2015	ZAR	39,200,000		4,064,532

				69,039,672

SPAIN — 4.5%
Kingdom of Spain:
2.10%, 4/30/2017	EUR	750,000		1,061,359
2.75%, 4/30/2019	EUR	1,500,000		2,156,106
3.00%, 4/30/2015	EUR	1,000,000		1,412,822
3.15%, 1/31/2016	EUR	3,660,000		5,265,913
3.25%, 4/30/2016	EUR	2,300,000		3,328,156
3.30%, 7/30/2016	EUR	1,450,000		2,107,754
3.75%, 10/31/2015	EUR	1,250,000		1,804,646
3.75%, 10/31/2018	EUR	1,500,000		2,251,329
3.80%, 1/31/2017	EUR	3,250,000		4,816,603
3.80%, 4/30/2024 (b)	EUR	1,000,000		1,443,510
4.00%, 7/30/2015	EUR	2,800,000		4,027,163
4.00%, 4/30/2020	EUR	3,250,000		4,937,097
4.10%, 7/30/2018	EUR	1,600,000		2,435,091
4.20%, 1/31/2037	EUR	3,100,000		4,374,005
4.25%, 10/31/2016	EUR	2,750,000		4,101,777
4.30%, 10/31/2019	EUR	500,000		771,854
4.40%, 10/31/2023 (b)	EUR	4,200,000		6,370,002
4.50%, 1/31/2018	EUR	1,900,000		2,910,408
4.60%, 7/30/2019	EUR	3,280,000		5,134,609
4.65%, 7/30/2025	EUR	2,700,000		4,162,319
4.70%, 7/30/2041	EUR	1,800,000		2,698,122
4.80%, 1/31/2024	EUR	1,300,000		2,032,202
4.85%, 10/31/2020	EUR	2,500,000		3,953,164
4.90%, 7/30/2040	EUR	1,000,000		1,547,264
5.15%, 10/31/2044 (b)	EUR	100,000		158,539
5.50%, 7/30/2017	EUR	2,500,000		3,916,124
5.50%, 4/30/2021	EUR	3,000,000		4,912,495
5.75%, 7/30/2032	EUR	1,200,000		2,063,074
5.85%, 1/31/2022	EUR	3,300,000		5,511,583
5.90%, 7/30/2026	EUR	1,000,000		1,705,859
6.00%, 1/31/2029	EUR	2,200,000		3,797,773

				97,168,722

SWEDEN — 3.2%
Kingdom of Sweden:
1.50%, 11/13/2023	SEK	65,000,000		9,480,894
2.25%, 6/1/2032	SEK	13,000,000		1,887,621
2.50%, 5/12/2025	SEK	8,250,000		1,303,830
3.00%, 7/12/2016	SEK	36,000,000		5,827,296
3.50%, 6/1/2022	SEK	49,020,000		8,436,274
3.50%, 3/30/2039	SEK	32,300,000		5,575,823
3.75%, 8/12/2017	SEK	56,635,000		9,504,579
4.25%, 3/12/2019	SEK	59,800,000		10,458,920
4.50%, 8/12/2015	SEK	56,000,000		9,086,898
5.00%, 12/1/2020	SEK	41,850,000		7,772,015

				69,334,150

321

SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

UNITED KINGDOM — 12.1%
United Kingdom Treasury Bond:
1.00%, 9/7/2017	GBP	10,000,000	$	16,463,441
1.25%, 7/22/2018	GBP	5,000,000		8,181,856
1.75%, 1/22/2017	GBP	3,700,000		6,276,835
1.75%, 7/22/2019	GBP	1,200,000		1,977,153
1.75%, 9/7/2022	GBP	5,000,000		7,804,847
2.00%, 1/22/2016	GBP	4,400,000		7,504,323
2.25%, 9/7/2023	GBP	6,580,000		10,519,645
3.25%, 1/22/2044	GBP	3,100,000		4,910,016
3.50%, 7/22/2068	GBP	4,500,000		7,541,637
3.75%, 9/7/2019	GBP	4,500,000		8,191,776
3.75%, 9/7/2020	GBP	4,300,000		7,835,840
3.75%, 9/7/2021	GBP	2,750,000		5,009,890
3.75%, 7/22/2052	GBP	3,000,000		5,289,484
4.00%, 9/7/2016	GBP	5,575,000		9,984,933
4.00%, 3/7/2022	GBP	4,650,000		8,617,321
4.00%, 1/22/2060	GBP	2,300,000		4,314,012
4.25%, 12/7/2027	GBP	4,000,000		7,533,451
4.25%, 6/7/2032	GBP	3,975,000		7,482,921
4.25%, 3/7/2036	GBP	1,500,000		2,818,992
4.25%, 9/7/2039	GBP	1,300,000		2,453,400
4.25%, 12/7/2040	GBP	3,200,000		6,045,508
4.25%, 12/7/2046	GBP	2,825,000		5,408,430
4.25%, 12/7/2049	GBP	2,700,000		5,227,501
4.25%, 12/7/2055	GBP	2,850,000		5,575,381
4.50%, 3/7/2019	GBP	5,500,000		10,322,277
4.50%, 9/7/2034	GBP	7,400,000		14,356,636
4.50%, 12/7/2042	GBP	3,325,000		6,574,046
4.75%, 9/7/2015	GBP	4,000,000		7,068,783
4.75%, 3/7/2020	GBP	4,600,000		8,812,246
4.75%, 12/7/2030	GBP	5,200,000		10,353,516
4.75%, 12/7/2038	GBP	3,914,000		7,947,386
5.00%, 3/7/2018	GBP	4,100,000		7,745,506
5.00%, 3/7/2025	GBP	3,000,000		6,005,342
6.00%, 12/7/2028	GBP	2,850,000		6,364,471
8.00%, 12/7/2015	GBP	1,000,000		1,876,911
8.00%, 6/7/2021	GBP	3,375,000		7,742,583
8.75%, 8/25/2017	GBP	1,000,000		2,077,469

				260,215,765

TOTAL FOREIGN GOVERNMENT OBLIGATIONS —
(Cost $2,082,787,302)				2,123,588,188

	Shares
SHORT TERM INVESTMENTS — 0.6%
MONEY MARKET FUNDS — 0.6%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		11,597,177		11,597,177
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		796,612		796,612

TOTAL SHORT TERM INVESTMENTS — (g)
(Cost $12,393,789)				12,393,789

TOTAL INVESTMENTS — 99.3% (h)
(Cost $2,095,181,091)				2,135,981,977
OTHER ASSETS & LIABILITIES — 0.7%				15,616,988

NET ASSETS — 100.0%			$	2,151,598,965


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 12.1% of net assets as of March 31, 2014, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c)		Non-income producing security
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

AUD — Australian Dollar

CAD — Canadian Dollar

DKK — Danish Krone

EUR — Euro Currency

GBP — Great British Pound

JPY — Japanese Yen

MXN — Mexican Peso

PLN — Polish Zloty

SEK — Swedish Krona

ZAR — South African Rand

322

SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 97.7%
AUSTRALIA — 3.6%
Australia & New Zealand Banking Group, Ltd. 3.75%, 3/10/2017	EUR	300,000	$	447,263
BHP Billiton Finance, Ltd.:
2.13%, 11/29/2018	EUR	300,000		429,792
2.25%, 9/25/2020	EUR	200,000		284,505
3.25%, 9/25/2024	GBP	200,000		315,773
3.75%, 10/18/2017	AUD	200,000		184,694
4.30%, 9/25/2042	GBP	400,000		636,918
6.38%, 4/4/2016	EUR	300,000		460,401
Commonwealth Bank of Australia:
4.25%, 11/10/2016	EUR	400,000		599,608
4.38%, 2/25/2020	EUR	200,000		318,626
6.50%, 7/21/2015	AUD	300,000		289,881
National Australia Bank, Ltd.:
2.00%, 11/12/2020	EUR	400,000		554,592
2.75%, 8/8/2022	EUR	350,000		503,587
4.00%, 7/13/2020	EUR	300,000		469,063
4.75%, 7/15/2016	EUR	200,000		300,564
5.50%, 5/20/2015	EUR	300,000		436,547
6.00%, 2/15/2017	AUD	300,000		295,095
Telstra Corp., Ltd.:
2.50%, 9/15/2023	EUR	400,000		557,702
3.50%, 9/21/2022	EUR	300,000		453,929
4.25%, 3/23/2020	EUR	150,000		236,865
4.75%, 3/21/2017	EUR	300,000		460,194
Westpac Banking Corp.:
4.13%, 5/25/2018	EUR	300,000		462,564
4.25%, 9/22/2016	EUR	450,000		671,748
4.50%, 2/25/2019	AUD	400,000		370,880
7.25%, 11/18/2016	AUD	400,000		404,111

				10,144,902

BELGIUM — 0.3%
Anheuser-Busch InBev NV:
2.70%, 3/31/2026	EUR	300,000		413,572
6.50%, 6/23/2017	GBP	200,000		380,846

				794,418

CANADA — 0.3%
The Toronto-Dominion Bank 5.38%, 5/14/2015	EUR	500,000		726,405

DENMARK — 0.6%
Carlsberg Breweries A/S 3.38%, 10/13/2017	EUR	200,000		295,250
Danske Bank A/S:
2.50%, 7/9/2015	EUR	200,000		282,109
3.88%, 5/18/2016	EUR	300,000		439,353
3.88%, 2/28/2017	EUR	400,000		596,149

				1,612,861

FRANCE — 14.8%
Autoroutes du Sud de la France SA 5.63%, 7/4/2022	EUR	450,000		769,574
Banque Federative du Credit Mutuel SA:
1.63%, 1/11/2018	EUR	400,000		557,853
2.00%, 9/19/2019	EUR	200,000		279,607
2.63%, 2/24/2021	EUR	300,000		427,313
2.63%, 3/18/2024	EUR	400,000		545,470
3.00%, 11/28/2023	EUR	300,000		427,280
3.25%, 8/23/2022	EUR	500,000		746,308
4.13%, 7/20/2020	EUR	500,000		778,435
4.38%, 5/31/2016	EUR	350,000		518,272
BNP Paribas SA:
1.50%, 3/12/2018	EUR	300,000		417,720
2.00%, 1/28/2019	EUR	200,000		280,731
2.25%, 1/13/2021	EUR	300,000		418,918
2.50%, 8/23/2019	EUR	200,000		286,823
2.63%, 9/16/2016	EUR	400,000		574,279
2.88%, 7/13/2015	EUR	400,000		567,261
2.88%, 11/27/2017	EUR	250,000		365,666
2.88%, 10/24/2022	EUR	300,000		431,366
2.88%, 9/26/2023	EUR	500,000		711,282
3.00%, 2/24/2017	EUR	200,000		291,425
3.50%, 3/7/2016	EUR	350,000		507,298
3.75%, 11/25/2020	EUR	600,000		920,385
4.13%, 1/14/2022	EUR	600,000		948,611
4.50%, 3/21/2023	EUR	300,000		492,965
Bouygues SA:
3.64%, 10/29/2019	EUR	350,000		525,997
4.25%, 7/22/2020 (a)	EUR	200,000		309,888
6.13%, 7/3/2015	EUR	300,000		441,100
BPCE SA:
2.13%, 3/17/2021	EUR	400,000		549,820
4.50%, 2/10/2022	EUR	500,000		801,598
Carrefour SA:
1.75%, 5/22/2019	EUR	300,000		415,687
1.88%, 12/19/2017	EUR	300,000		423,809
3.88%, 4/25/2021	EUR	200,000		307,796
4.00%, 4/9/2020	EUR	200,000		309,213
Casino Guichard Perrachon SA:
3.16%, 8/6/2019	EUR	300,000		438,500
3.31%, 1/25/2023	EUR	200,000		285,173
Cie de St-Gobain:
3.50%, 9/30/2015	EUR	400,000		573,540
4.75%, 4/11/2017	EUR	300,000		458,173
Cie Financiere et Industrielle des Autoroutes SA 5.00%, 5/24/2021	EUR	300,000		489,921
Credit Agricole SA/London:
1.75%, 3/12/2018	EUR	400,000		561,327
1.88%, 10/18/2017	EUR	300,000		423,544
2.38%, 11/27/2020	EUR	300,000		421,889
3.00%, 7/20/2015	EUR	400,000		567,913
3.13%, 7/17/2023	EUR	300,000		434,368
3.13%, 2/5/2026	EUR	300,000		426,661
3.63%, 3/8/2016	EUR	400,000		581,329
3.88%, 2/13/2019	EUR	300,000		459,052
5.13%, 4/18/2023	EUR	200,000		342,101
Credit Mutuel Arkea SA 5.00%, 6/28/2017	EUR	300,000		463,632
Danone 2.25%, 11/15/2021	EUR	300,000		422,431
GDF Suez:
1.50%, 2/1/2016	EUR	200,000		280,185
2.25%, 6/1/2018	EUR	250,000		359,977
2.75%, 10/18/2017	EUR	400,000		584,791
3.00%, 2/1/2023	EUR	300,000		440,845
3.50%, 10/18/2022	EUR	300,000		456,279

323

SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.00%, 10/1/2060	GBP	250,000	$	439,680
5.63%, 1/18/2016	EUR	300,000		450,381
6.13%, 2/11/2021	GBP	150,000		295,648
6.38%, 1/18/2021	EUR	250,000		444,430
Gie GDF Suez Alliance 5.75%, 6/24/2023	EUR	250,000		441,145
HSBC France SA:
1.63%, 12/3/2018	EUR	300,000		417,353
1.88%, 1/16/2020	EUR	400,000		557,833
Orange SA:
3.00%, 6/15/2022	EUR	200,000		290,102
3.63%, 10/14/2015	EUR	300,000		431,916
3.88%, 4/9/2020	EUR	200,000		306,566
3.88%, 1/14/2021	EUR	300,000		461,433
4.75%, 2/21/2017	EUR	500,000		762,242
5.00%, 5/12/2016	GBP	300,000		532,357
5.63%, 5/22/2018	EUR	500,000		806,807
8.13%, 1/28/2033	EUR	400,000		851,613
Pernod-Ricard SA:
4.88%, 3/18/2016	EUR	300,000		444,410
5.00%, 3/15/2017	EUR	200,000		305,600
Sanofi:
1.88%, 9/4/2020	EUR	300,000		418,814
2.50%, 11/14/2023	EUR	300,000		422,186
4.50%, 5/18/2016	EUR	300,000		447,081
Schneider Electric SA 4.00%, 8/11/2017	EUR	250,000		377,916
Societe Des Autoroutes Paris-Rhin-Rhone 5.00%, 1/12/2017	EUR	200,000		304,943
Societe Generale SA:
2.25%, 1/23/2020	EUR	300,000		423,297
2.38%, 7/13/2015	EUR	200,000		281,660
2.38%, 2/28/2018	EUR	300,000		431,808
3.13%, 9/21/2017	EUR	450,000		661,959
4.00%, 4/20/2016	EUR	300,000		440,091
4.25%, 7/13/2022 (a)	EUR	400,000		640,226
4.75%, 3/2/2021	EUR	300,000		485,692
Total Capital SA 4.88%, 1/28/2019	EUR	300,000		485,907
Vinci SA 4.13%, 2/20/2017	EUR	200,000		299,722
Vivendi SA:
4.13%, 7/18/2017	EUR	500,000		756,976
4.75%, 7/13/2021	EUR	200,000		321,219

				41,260,394

GERMANY — 3.9%
BASF SE:
1.50%, 10/1/2018	EUR	400,000		562,987
2.00%, 12/5/2022	EUR	300,000		415,573
BPCE SA:
2.88%, 9/22/2015	EUR	350,000		497,575
3.75%, 7/21/2017	EUR	500,000		745,947
Commerzbank AG:
3.63%, 7/10/2017	EUR	200,000		296,968
3.88%, 3/22/2017	EUR	400,000		594,780
4.00%, 9/16/2020	EUR	250,000		386,435
Daimler AG:
1.00%, 7/8/2016	EUR	450,000		624,675
1.50%, 11/19/2018	EUR	300,000		418,700
1.75%, 5/21/2015	EUR	200,000		279,484
4.13%, 1/19/2017	EUR	200,000		300,508
Deutsche Bank AG:
2.38%, 1/11/2023	EUR	1,100,000		1,539,370
5.13%, 8/31/2017	EUR	1,000,000		1,571,844
Linde AG 1.75%, 9/17/2020	EUR	400,000		556,622
Merck Financial Services GmbH 4.50%, 3/24/2020	EUR	400,000		642,086
Volkswagen Leasing GmbH:
1.50%, 9/15/2015	EUR	200,000		278,765
2.38%, 9/6/2022	EUR	200,000		279,168
2.63%, 1/15/2024	EUR	400,000		557,653
2.75%, 7/13/2015	EUR	300,000		424,294

				10,973,434

HONG KONG — 0.4%
Hutchison Whampoa Europe Finance 12, Ltd. 2.50%, 6/6/2017	EUR	400,000		575,293
Hutchison Whampoa Finance 09, Ltd. 4.75%, 11/14/2016	EUR	350,000		528,402

				1,103,695

IRELAND — 2.4%
GE Capital European Funding:
1.00%, 5/2/2017	EUR	300,000		414,041
1.25%, 10/15/2015	EUR	200,000		278,212
2.25%, 7/20/2020	EUR	300,000		423,448
2.63%, 3/15/2023	EUR	500,000		707,593
2.88%, 9/17/2015	EUR	400,000		569,101
2.88%, 6/18/2019	EUR	300,000		441,158
3.75%, 4/4/2016	EUR	300,000		437,680
4.13%, 10/27/2016	EUR	600,000		894,340
4.25%, 3/1/2017	EUR	300,000		452,038
5.25%, 5/18/2015	EUR	450,000		652,499
5.38%, 1/16/2018	EUR	300,000		478,003
5.38%, 1/23/2020	EUR	300,000		496,171
6.00%, 1/15/2019	EUR	300,000		499,913

				6,744,197

ISRAEL — 0.1%
Teva Pharmaceutical Finance IV BV 2.88%, 4/15/2019	EUR	200,000		291,945

ITALY — 7.8%
Assicurazioni Generali SpA:
2.88%, 1/14/2020	EUR	500,000		709,996
5.13%, 9/16/2024	EUR	350,000		558,267
Atlantia SpA:
3.38%, 9/18/2017	EUR	600,000		883,252
4.50%, 2/8/2019	EUR	200,000		311,381
5.63%, 5/6/2016	EUR	300,000		452,115
5.88%, 6/9/2024 (a)	EUR	200,000		351,045
Enel SpA 5.25%, 6/20/2017	EUR	550,000		848,347
ENI SpA:
3.25%, 7/10/2023	EUR	200,000		293,536
3.50%, 1/29/2018	EUR	350,000		522,674
3.63%, 1/29/2029	EUR	500,000		724,598
3.75%, 9/12/2025	EUR	200,000		300,564
4.00%, 6/29/2020	EUR	300,000		464,423

324

SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

4.13%, 9/16/2019	EUR	300,000	$	464,472
4.25%, 2/3/2020	EUR	300,000		468,973
4.75%, 11/14/2017	EUR	400,000		620,312
5.00%, 1/28/2016	EUR	300,000		444,395
Intesa Sanpaolo SpA:
3.00%, 1/28/2019	EUR	500,000		720,516
3.75%, 11/23/2016	EUR	300,000		438,697
4.00%, 11/9/2017	EUR	500,000		746,468
4.00%, 11/8/2018	EUR	300,000		452,001
4.00%, 10/30/2023	EUR	300,000		445,044
4.13%, 1/14/2016	EUR	300,000		435,253
4.13%, 9/19/2016	EUR	300,000		441,368
4.13%, 4/14/2020	EUR	400,000		609,732
4.38%, 10/15/2019	EUR	300,000		461,364
4.75%, 6/15/2017	EUR	250,000		379,237
4.88%, 7/10/2015	EUR	200,000		288,997
5.00%, 2/28/2017	EUR	200,000		303,294
Snam SpA:
2.38%, 6/30/2017	EUR	300,000		426,684
3.50%, 2/13/2020	EUR	300,000		447,808
3.88%, 3/19/2018	EUR	400,000		600,807
4.38%, 7/11/2016	EUR	400,000		591,447
5.00%, 1/18/2019	EUR	250,000		395,828
5.25%, 9/19/2022	EUR	300,000		498,775
Terna Rete Elettrica Nazionale SpA:
4.13%, 2/17/2017	EUR	300,000		448,153
4.75%, 3/15/2021	EUR	450,000		727,199
UniCredit SpA:
2.25%, 12/16/2016	EUR	300,000		422,551
3.25%, 1/14/2021	EUR	300,000		428,217
3.38%, 1/11/2018	EUR	200,000		292,095
3.63%, 1/24/2019	EUR	500,000		738,182
4.38%, 9/11/2015	EUR	300,000		432,462
4.88%, 3/7/2017	EUR	400,000		604,714
Unione di Banche Italiane SCpA 2.88%, 2/18/2019	EUR	300,000		426,746

				21,621,989

JAPAN — 0.3%
Mizuho Bank Ltd. 0.76%, 4/20/2016	JPY	100,000,000		981,470

LUXEMBOURG — 0.6%
Glencore Finance Europe SA:
4.63%, 4/3/2018	EUR	300,000		454,405
5.25%, 3/22/2017	EUR	450,000		685,047
Novartis Finance SA 4.25%, 6/15/2016	EUR	400,000		595,288

				1,734,740

MEXICO — 0.5%
America Movil SAB de CV:
3.00%, 7/12/2021	EUR	200,000		288,666
3.75%, 6/28/2017	EUR	350,000		521,601
4.13%, 10/25/2019	EUR	200,000		308,372
4.38%, 8/7/2041	GBP	200,000		307,819

				1,426,458

NETHERLANDS — 21.6%
ABB Finance BV 2.63%, 3/26/2019	EUR	300,000		437,485
ABN Amro Bank NV:
2.50%, 11/29/2023	EUR	200,000		274,681
3.63%, 10/6/2017	EUR	300,000		448,070
4.13%, 3/28/2022	EUR	350,000		546,992
4.25%, 4/11/2016	EUR	500,000		736,495
4.75%, 1/11/2019	EUR	400,000		632,999
Allianz Finance II BV:
3.50%, 2/14/2022	EUR	400,000		610,405
4.00%, 11/23/2016	EUR	350,000		522,700
4.50%, 3/13/2043	GBP	200,000		337,498
4.75%, 7/22/2019	EUR	500,000		804,651
BASF Finance Europe NV 5.13%, 6/9/2015	EUR	350,000		508,452
Bharti Airtel International Netherlands BV 4.00%, 12/10/2018	EUR	300,000		430,634
BMW Finance NV:
1.00%, 10/24/2016	EUR	250,000		346,630
3.25%, 1/28/2016	EUR	300,000		432,559
3.25%, 1/14/2019	EUR	400,000		602,516
3.38%, 12/14/2018	GBP	150,000		261,612
3.63%, 1/29/2018	EUR	400,000		604,031
3.88%, 1/18/2017	EUR	400,000		597,434
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands:
1.75%, 1/22/2019	EUR	500,000		698,483
2.38%, 5/22/2023	EUR	600,000		825,147
3.38%, 1/18/2016	EUR	900,000		1,299,377
3.38%, 4/21/2017	EUR	500,000		738,022
3.50%, 10/17/2018	EUR	400,000		603,051
3.88%, 4/20/2016	EUR	950,000		1,391,320
4.00%, 9/10/2015	GBP	650,000		1,127,741
4.00%, 1/11/2022	EUR	600,000		931,476
4.13%, 1/14/2020	EUR	600,000		934,536
4.13%, 1/12/2021	EUR	750,000		1,172,503
4.13%, 7/14/2025	EUR	950,000		1,492,875
4.25%, 1/16/2017	EUR	800,000		1,202,723
4.38%, 5/5/2016	EUR	500,000		739,703
4.38%, 6/7/2021	EUR	200,000		317,064
4.75%, 1/15/2018	EUR	700,000		1,091,197
4.75%, 6/6/2022	EUR	300,000		489,498
6.50%, 4/20/2015	AUD	250,000		239,582
Deutsche Telekom International Finance BV:
2.13%, 1/18/2021	EUR	400,000		562,009
4.25%, 7/13/2022	EUR	250,000		395,799
5.75%, 4/14/2015	EUR	300,000		435,516
6.00%, 1/20/2017	EUR	700,000		1,097,914
6.50%, 4/8/2022	GBP	200,000		397,007
E.ON International Finance BV:
5.25%, 9/8/2015	EUR	250,000		367,213
5.50%, 1/19/2016	EUR	400,000		598,294
5.50%, 10/2/2017	EUR	700,000		1,112,287
5.75%, 5/7/2020	EUR	400,000		677,057
5.88%, 10/30/2037	GBP	300,000		576,993
6.00%, 10/30/2019	GBP	200,000		385,516
6.38%, 6/7/2032	GBP	300,000		603,196
6.75%, 1/27/2039	GBP	150,000		320,426
EADS Finance BV:
2.38%, 4/2/2024	EUR	300,000		414,467

325

SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

4.63%, 8/12/2016	EUR	250,000	$	375,518
Enel Finance International NV:
3.63%, 4/17/2018	EUR	400,000		593,551
4.00%, 9/14/2016	EUR	350,000		515,779
4.13%, 7/12/2017	EUR	200,000		299,222
4.63%, 6/24/2015	EUR	300,000		432,298
4.88%, 3/11/2020	EUR	200,000		316,498
4.88%, 4/17/2023	EUR	400,000		638,989
5.00%, 9/14/2022	EUR	650,000		1,042,994
5.63%, 8/14/2024	GBP	200,000		360,810
5.75%, 10/24/2018	EUR	200,000		323,261
5.75%, 9/14/2040	GBP	300,000		502,706
Heineken NV 2.13%, 8/4/2020	EUR	200,000		279,725
HIT Finance BV:
4.88%, 10/27/2021	EUR	350,000		562,124
5.75%, 3/9/2018	EUR	300,000		478,113
Iberdrola International BV:
3.50%, 2/1/2021 (a)	EUR	400,000		595,685
4.25%, 10/11/2018	EUR	200,000		307,625
4.50%, 9/21/2017	EUR	300,000		457,531
ING Bank NV:
1.88%, 2/27/2018	EUR	600,000		846,429
2.13%, 7/10/2015	EUR	300,000		421,444
3.88%, 5/24/2016	EUR	700,000		1,026,086
4.25%, 1/13/2017	EUR	300,000		450,314
4.50%, 2/21/2022	EUR	400,000		640,803
ING Groep NV 4.75%, 5/31/2017	EUR	650,000		993,798
KBC Internationale Financieringsmaatschappij NV 4.50%, 3/27/2017	EUR	200,000		302,889
Koninklijke KPN NV:
3.75%, 9/21/2020	EUR	250,000		372,224
4.00%, 6/22/2015	EUR	200,000		286,282
4.75%, 1/17/2017	EUR	350,000		528,835
5.75%, 9/17/2029	GBP	250,000		447,772
Linde Finance BV 4.75%, 4/24/2017	EUR	200,000		308,177
Repsol International Finance BV:
2.63%, 5/28/2020	EUR	300,000		423,473
3.63%, 10/7/2021	EUR	300,000		443,761
4.88%, 2/19/2019	EUR	200,000		314,762
Roche Finance Europe BV 2.00%, 6/25/2018	EUR	400,000		576,715
RWE Finance BV:
6.13%, 7/6/2039	GBP	300,000		580,377
6.25%, 6/3/2030	GBP	150,000		292,808
6.50%, 8/10/2021	EUR	200,000		355,927
6.63%, 1/31/2019	EUR	450,000		764,905
Schlumberger Finance BV 2.75%, 12/1/2015	EUR	200,000		285,849
Shell International Finance BV:
1.63%, 3/24/2021	EUR	300,000		412,035
2.50%, 3/24/2026	EUR	300,000		412,744
4.38%, 5/14/2018	EUR	800,000		1,255,649
4.50%, 2/9/2016	EUR	300,000		443,986
4.63%, 5/22/2017	EUR	350,000		541,490
Siemens Financieringsmaatschappij NV:
1.50%, 3/10/2020	EUR	200,000		276,642
1.75%, 3/12/2021	EUR	250,000		346,320
2.88%, 3/10/2028	EUR	300,000		426,685
5.13%, 2/20/2017	EUR	650,000		1,006,103
5.63%, 6/11/2018	EUR	550,000		899,113
Volkswagen International Finance NV:
1.00%, 10/26/2016	EUR	300,000		415,379
1.88%, 5/15/2017	EUR	500,000		707,104
2.00%, 1/14/2020	EUR	300,000		421,265
2.00%, 3/26/2021	EUR	400,000		554,387
3.25%, 1/21/2019	EUR	250,000		373,754
7.00%, 2/9/2016	EUR	400,000		614,421

				60,226,972

NORWAY — 0.7%
DnB NOR Bank ASA:
3.88%, 6/29/2020	EUR	250,000		388,771
4.25%, 1/18/2022	EUR	400,000		636,382
4.38%, 2/24/2021	EUR	500,000		797,013

				1,822,166

SPAIN — 6.3%
Abertis Infraestructuras SA:
4.63%, 10/14/2016	EUR	250,000		374,127
5.13%, 6/12/2017	EUR	50,000		77,059
5.13%, 6/12/2017	EUR	400,000		616,475
BBVA Senior Finance SAU:
2.38%, 1/22/2019	EUR	200,000		281,910
3.25%, 4/23/2015	EUR	200,000		282,665
3.25%, 3/21/2016	EUR	400,000		574,074
3.75%, 1/17/2018	EUR	500,000		744,337
3.88%, 8/6/2015	EUR	350,000		501,183
4.38%, 9/21/2015	EUR	500,000		723,159
CaixaBank:
2.50%, 4/18/2017	EUR	400,000		566,499
3.13%, 5/14/2018	EUR	300,000		435,200
Criteria Caixacorp SA 3.25%, 1/22/2016	EUR	200,000		285,954
Gas Natural Capital Markets SA 4.38%, 11/2/2016	EUR	200,000		298,303
Iberdrola Finanzas SAU 4.13%, 3/23/2020	EUR	250,000		386,152
Santander Consumer Finance SA:
1.15%, 10/2/2015	EUR	300,000		413,847
1.45%, 1/29/2016	EUR	400,000		553,627
1.63%, 4/23/2015	EUR	200,000		277,717
Santander International Debt SAU:
1.38%, 3/25/2017	EUR	400,000		550,721
3.38%, 12/1/2015	EUR	300,000		429,025
4.00%, 3/27/2017	EUR	300,000		444,254
4.00%, 1/24/2020	EUR	300,000		458,775
4.13%, 10/4/2017	EUR	350,000		525,523
4.50%, 5/18/2015	EUR	200,000		286,742
4.63%, 3/21/2016	EUR	600,000		881,942
Telefonica Emisiones SAU:
3.66%, 9/18/2017	EUR	350,000		517,766
3.96%, 3/26/2021	EUR	200,000		301,234
3.99%, 1/23/2023	EUR	400,000		594,235
4.38%, 2/2/2016	EUR	400,000		583,978
4.69%, 11/11/2019	EUR	400,000		626,938
4.71%, 1/20/2020	EUR	500,000		783,955

326

SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

4.75%, 2/7/2017	EUR	400,000	$	603,508
4.80%, 2/21/2018	EUR	500,000		771,751
5.38%, 2/2/2018	GBP	150,000		271,986
5.50%, 4/1/2016	EUR	400,000		598,269
5.60%, 3/12/2020	GBP	100,000		182,269
5.81%, 9/5/2017	EUR	400,000		630,467

				17,435,626

SWEDEN — 4.0%
Nordea Bank AB:
1.38%, 4/12/2018	EUR	400,000		554,074
2.00%, 2/17/2021	EUR	300,000		415,233
2.25%, 10/5/2017	EUR	400,000		573,914
2.75%, 8/11/2015	EUR	300,000		426,086
3.25%, 7/5/2022	EUR	200,000		299,943
3.63%, 2/11/2016 (a)	EUR	400,000		582,449
3.75%, 2/24/2017	EUR	500,000		744,853
3.88%, 12/15/2015	GBP	100,000		174,214
4.00%, 7/11/2019	EUR	500,000		774,867
4.00%, 6/29/2020	EUR	250,000		389,869
Skandinaviska Enskilda Banken AB:
1.88%, 11/14/2019	EUR	200,000		278,693
2.00%, 2/19/2021	EUR	400,000		551,680
Svenska Handelsbanken AB:
1.50%, 7/6/2015	EUR	400,000		558,424
2.25%, 6/14/2018	EUR	300,000		430,961
2.25%, 8/27/2020	EUR	400,000		566,147
2.63%, 8/23/2022	EUR	400,000		575,167
3.38%, 7/17/2017	EUR	200,000		297,224
3.63%, 2/16/2016	EUR	400,000		582,129
3.75%, 2/24/2017	EUR	300,000		446,966
4.38%, 10/20/2021	EUR	300,000		482,571
Swedbank AB:
1.75%, 6/18/2015	EUR	300,000		419,473
2.38%, 4/4/2016	EUR	300,000		426,817
3.38%, 2/9/2017	EUR	200,000		294,013
Volvo Treasury AB 5.00%, 5/31/2017	EUR	250,000		384,504

				11,230,271

SWITZERLAND — 0.8%
Roche Kapitalmarkt AG 4.50%, 3/23/2017	CHF	300,000		381,389
UBS AG/London:
3.13%, 1/18/2016	EUR	300,000		431,710
3.50%, 7/15/2015	EUR	100,000		143,021
6.00%, 4/18/2018	EUR	300,000		491,295
6.63%, 4/11/2018	GBP	450,000		875,621

				2,323,036

UNITED ARAB EMIRATES — 0.2%
Xstrata Finance Dubai, Ltd.:
1.75%, 5/19/2016	EUR	300,000		417,031
2.63%, 11/19/2018	EUR	200,000		281,769

				698,800

UNITED KINGDOM — 11.3%
Abbey National Treasury Services PLC:
1.75%, 1/15/2018	EUR	200,000		279,185
2.00%, 1/14/2019	EUR	300,000		418,288
3.38%, 10/20/2015	EUR	250,000		358,138
Anglo American Capital PLC 5.88%, 4/17/2015	EUR	200,000		289,988
Barclays Bank PLC:
2.13%, 2/24/2021	EUR	300,000		414,519
4.00%, 1/20/2017	EUR	550,000		821,628
4.13%, 3/15/2016	EUR	500,000		734,076
4.88%, 8/13/2019	EUR	550,000		887,022
BAT International Finance PLC 5.38%, 6/29/2017	EUR	300,000		470,299
BG Energy Capital PLC:
3.00%, 11/16/2018	EUR	300,000		444,933
5.00%, 11/4/2036	GBP	200,000		349,765
5.13%, 12/1/2025	GBP	150,000		272,131
BP Capital Markets PLC:
2.18%, 2/16/2016	EUR	300,000		424,999
2.18%, 9/28/2021	EUR	300,000		414,626
2.97%, 2/27/2026	EUR	400,000		555,661
2.99%, 2/18/2019	EUR	300,000		443,184
3.83%, 10/6/2017	EUR	250,000		377,376
4.33%, 12/10/2018	GBP	200,000		361,413
British Telecommunications PLC:
6.50%, 7/7/2015	EUR	400,000		591,428
8.50%, 12/7/2016	GBP	50,000		97,478
Centrica PLC:
4.38%, 3/13/2029	GBP	200,000		329,586
7.00%, 9/19/2033	GBP	200,000		429,288
Credit Suisse AG/Guernsey 2.88%, 9/24/2015	EUR	650,000		925,064
Credit Suisse AG/London:
3.88%, 1/25/2017	EUR	550,000		819,205
4.75%, 8/5/2019	EUR	650,000		1,039,297
5.13%, 9/18/2017	EUR	500,000		783,449
GlaxoSmithKline Capital PLC:
3.88%, 7/6/2015	EUR	350,000		502,508
4.25%, 12/18/2045	GBP	200,000		322,127
5.25%, 12/19/2033	GBP	200,000		379,139
5.25%, 4/10/2042	GBP	250,000		470,317
5.63%, 12/13/2017	EUR	450,000		726,715
6.38%, 3/9/2039	GBP	200,000		432,746
HSBC Bank PLC:
3.13%, 11/15/2017	EUR	300,000		444,186
3.75%, 11/30/2016	EUR	450,000		668,392
3.88%, 10/24/2018	EUR	300,000		461,220
4.00%, 1/15/2021	EUR	300,000		473,965
Imperial Tobacco Finance PLC:
2.25%, 2/26/2021	EUR	400,000		548,758
8.38%, 2/17/2016	EUR	400,000		627,044
9.00%, 2/17/2022	GBP	250,000		556,199
Lloyds Bank PLC:
1.88%, 10/10/2018	EUR	400,000		562,364
4.63%, 2/2/2017	EUR	200,000		303,793
5.38%, 9/3/2019	EUR	200,000		329,272
6.38%, 6/17/2016	EUR	400,000		617,565
6.50%, 9/17/2040	GBP	250,000		520,859
Nationwide Building Society:
3.13%, 4/3/2017	EUR	300,000		438,193
5.63%, 9/9/2019	GBP	150,000		283,730
Standard Chartered PLC:
1.63%, 11/20/2018	EUR	300,000		413,650
1.75%, 10/29/2017	EUR	300,000		420,582
3.63%, 12/15/2015	EUR	300,000		433,719

327

SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

3.88%, 10/20/2016	EUR	300,000	$	443,549
4.13%, 1/18/2019	EUR	400,000		612,356
4.38%, 1/18/2038	GBP	200,000		316,548
Tesco PLC:
5.88%, 9/12/2016	EUR	250,000		385,565
6.13%, 2/24/2022	GBP	300,000		568,549
Thames Water Utilities Finance, Ltd. 5.13%, 9/28/2037	GBP	150,000		262,273
The Royal Bank of Scotland Group PLC 1.50%, 11/28/2016	EUR	500,000		691,668
The Royal Bank of Scotland PLC:
4.88%, 1/20/2017	EUR	350,000		529,042
5.38%, 9/30/2019	EUR	500,000		803,078
5.50%, 3/23/2020	EUR	300,000		487,809
7.50%, 4/29/2024	GBP	200,000		425,134
Vodafone Group PLC:
4.65%, 1/20/2022	EUR	300,000		484,971
6.25%, 1/15/2016	EUR	300,000		453,703
Western Power Distribution East Midlands PLC 5.25%, 1/17/2023	GBP	200,000		364,972
Western Power Distribution West Midlands PLC 5.75%, 4/16/2032	GBP	200,000		377,050

				31,475,336

UNITED STATES — 17.2%
Amgen, Inc. 4.00%, 9/13/2029	GBP	200,000		316,859
AT&T, Inc.:
1.88%, 12/4/2020	EUR	200,000		275,965
2.50%, 3/15/2023	EUR	300,000		417,071
2.65%, 12/17/2021	EUR	400,000		572,170
3.50%, 12/17/2025	EUR	200,000		292,615
3.55%, 12/17/2032	EUR	400,000		560,111
4.25%, 6/1/2043	GBP	200,000		293,524
4.88%, 6/1/2044	GBP	300,000		487,866
5.88%, 4/28/2017	GBP	100,000		184,827
5.88%, 4/28/2017	GBP	250,000		462,067
6.13%, 4/2/2015	EUR	150,000		218,067
6.13%, 4/2/2015	EUR	100,000		145,378
7.00%, 4/30/2040	GBP	300,000		644,799
Bank of America Corp.:
1.88%, 1/10/2019	EUR	600,000		836,271
2.50%, 7/27/2020	EUR	350,000		497,641
4.63%, 8/7/2017	EUR	500,000		765,204
4.75%, 4/3/2017	EUR	350,000		533,414
6.13%, 9/15/2021	GBP	200,000		390,407
7.00%, 6/15/2016	EUR	400,000		623,410
7.00%, 7/31/2028	GBP	450,000		972,783
7.75%, 4/30/2018	GBP	100,000		199,424
BMW US Capital LLC:
1.00%, 7/18/2017	EUR	200,000		275,970
5.00%, 5/28/2015	EUR	450,000		651,899
Citigroup, Inc.:
3.50%, 8/5/2015	EUR	300,000		428,753
4.00%, 11/26/2015	EUR	300,000		435,290
4.38%, 1/30/2017	EUR	500,000		754,812
5.00%, 8/2/2019	EUR	650,000		1,042,807
7.38%, 9/4/2019	EUR	450,000		797,888
DIRECTV Holdings LLC/DIRECTV Financing Co, Inc. 4.38%, 9/14/2029	GBP	200,000		308,894
GE Capital European Funding 1.63%, 3/15/2018	EUR	300,000		420,683
Heathrow Funding, Ltd.:
4.63%, 10/31/2046	GBP	200,000		323,737
5.23%, 2/15/2023	GBP	150,000		274,349
5.88%, 5/13/2041	GBP	300,000		585,952
6.45%, 12/10/2031	GBP	250,000		510,724
6.75%, 12/3/2026	GBP	150,000		311,966
HSBC Finance Corp.:
3.75%, 11/4/2015	EUR	200,000		288,460
4.88%, 5/30/2017	EUR	100,000		153,732
4.88%, 5/30/2017	EUR	200,000		307,465
International Business Machines Corp.:
1.38%, 11/19/2019	EUR	100,000		137,660
1.38%, 11/19/2019	EUR	200,000		275,319
1.88%, 11/6/2020	EUR	400,000		557,437
2.75%, 12/21/2020	GBP	200,000		330,359
2.88%, 11/7/2025	EUR	200,000		283,457
Johnson & Johnson:
4.75%, 11/6/2019	EUR	150,000		245,304
4.75%, 11/6/2019	EUR	100,000		163,536
JPMorgan Chase & Co.:
1.88%, 11/21/2019	EUR	500,000		697,210
2.63%, 4/23/2021	EUR	400,000		574,136
2.75%, 8/24/2022	EUR	400,000		573,656
2.75%, 2/1/2023	EUR	400,000		571,825
3.00%, 2/19/2026	EUR	300,000		427,278
3.75%, 6/15/2016	EUR	200,000		292,832
3.88%, 9/23/2020	EUR	400,000		619,771
Microsoft Corp.:
2.13%, 12/6/2021	EUR	400,000		560,043
3.13%, 12/6/2028	EUR	600,000		860,664
Mondelez International, Inc. 2.38%, 1/26/2021	EUR	300,000		417,232
Morgan Stanley:
2.25%, 3/12/2018	EUR	300,000		425,517
2.38%, 3/31/2021	EUR	400,000		551,377
3.75%, 9/21/2017	EUR	300,000		446,380
4.00%, 11/17/2015	EUR	300,000		433,884
4.38%, 10/12/2016	EUR	200,000		297,572
4.50%, 2/23/2016	EUR	750,000		1,100,577
5.38%, 8/10/2020	EUR	300,000		490,596
5.50%, 10/2/2017	EUR	300,000		470,507
Oracle Corp. 2.25%, 1/10/2021	EUR	300,000		425,786
Pfizer, Inc.:
4.75%, 6/3/2016	EUR	500,000		749,688
5.75%, 6/3/2021	EUR	550,000		954,762
6.50%, 6/3/2038	GBP	450,000		985,265
Philip Morris International, Inc.:
1.75%, 3/19/2020	EUR	300,000		413,508
2.88%, 3/3/2026	EUR	400,000		549,980
Roche Holdings, Inc.:
5.63%, 3/4/2016	EUR	600,000		905,957
6.50%, 3/4/2021	EUR	450,000		813,025

328

SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

SABMiller Holdings, Inc. 1.88%, 1/20/2020	EUR	200,000	$	277,795
The Goldman Sachs Group, Inc.:
2.50%, 10/18/2021	EUR	300,000		414,509
2.63%, 8/19/2020	EUR	300,000		423,845
3.25%, 2/1/2023	EUR	200,000		287,530
4.25%, 1/29/2026	GBP	200,000		334,705
4.38%, 3/16/2017	EUR	450,000		675,550
4.50%, 5/9/2016	EUR	500,000		738,830
4.50%, 1/30/2017	EUR	200,000		300,598
5.13%, 10/23/2019	EUR	200,000		321,226
6.38%, 5/2/2018	EUR	350,000		573,664
The Procter & Gamble Co.:
2.00%, 8/16/2022	EUR	300,000		415,459
4.88%, 5/11/2027	EUR	250,000		428,298
5.13%, 10/24/2017	EUR	250,000		396,567
Toyota Motor Credit Corp.:
1.25%, 8/1/2017	EUR	400,000		560,058
1.80%, 7/23/2020	EUR	200,000		278,291
6.63%, 2/3/2016	EUR	300,000		459,209
Verizon Communications, Inc.:
2.38%, 2/17/2022	EUR	500,000		696,643
3.25%, 2/17/2026	EUR	300,000		427,077
4.75%, 2/17/2034	GBP	300,000		507,444
Wal-Mart Stores, Inc.:
4.88%, 9/21/2029	EUR	200,000		343,640
4.88%, 1/19/2039	GBP	350,000		639,773
5.25%, 9/28/2035	GBP	250,000		476,787
5.63%, 3/27/2034	GBP	250,000		500,763
Wells Fargo & Co.:
2.25%, 9/3/2020	EUR	400,000		566,403
2.25%, 5/2/2023	EUR	300,000		412,955
2.63%, 8/16/2022	EUR	350,000		501,769
4.13%, 11/3/2016	EUR	150,000		224,383
4.13%, 11/3/2016	EUR	150,000		224,383
4.63%, 11/2/2035	GBP	200,000		345,354

				47,918,862

TOTAL CORPORATE BONDS & NOTES —
(Cost $259,085,660)				272,547,977

	Shares
SHORT TERM INVESTMENTS — 0.5%
MONEY MARKET FUNDS — 0.5%
State Street Navigator Securities Lending Prime Portfolio (b)(c)		966,580		966,580
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)		266,822		266,822

TOTAL SHORT TERM INVESTMENTS — (e)
(Cost $1,233,402)				1,233,402

TOTAL INVESTMENTS — 98.2% (f)
(Cost $260,319,062)				273,781,379
OTHER ASSETS & LIABILITIES — 1.8%				5,070,769

NET ASSETS — 100.0%			$	278,852,148


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Investments of cash collateral for securities loaned
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

At March 31, 2014, Open Forward Foreign Currency Contracts were as follows:

Forward Foreign Currency Contracts to Buy:


							Net Unrealized
							Appreciation/
Settlement Date	Contracts to Deliver			In Exchange for			(Depreciation)			Counterparty

4/7/2014		208,200,000	JPY		1,480,991	EUR	$	19,442		Barclays Bank PLC
4/7/2014		1,138,138	EUR		158,200,000	JPY		(32,431	)	Barclays Bank PLC
4/7/2014		354,765	EUR		50,000,000	JPY		(3,428	)	Citibank N.A.
5/8/2014		1,481,325	EUR		208,200,000	JPY		(19,424	)	Barclays Bank PLC

							$	(35,841	)

PLC = Public Limited Company

AUD — Australian Dollar

CHF — Swiss Franc

EUR — Euro Currency

GBP — Great British Pound

JPY — Japanese Yen

329

SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

FOREIGN GOVERNMENT OBLIGATIONS — 98.0%
BRAZIL — 12.1%
Brazil Letras do Tesouro Nacional:
Zero Coupon, 4/1/2015 (a)	BRL	1,450,000	$	575,842
Zero Coupon, 7/1/2015 (a)	BRL	4,700,000		1,812,367
Zero Coupon, 1/1/2016 (a)	BRL	4,660,000		1,688,353
Zero Coupon, 7/1/2016 (a)	BRL	5,490,000		1,869,768
Zero Coupon, 1/1/2017 (a)	BRL	3,250,000		1,041,326
Zero Coupon, 7/1/2017 (a)	BRL	1,500,000		452,196
Zero Coupon, 1/1/2018 (a)	BRL	1,000,000		283,221
Brazil Notas do Tesouro Nacional Series F:
10.00%, 1/1/2017	BRL	4,340,000		1,818,762
10.00%, 1/1/2018	BRL	1,040,000		426,876
10.00%, 1/1/2019	BRL	650,000		262,713
10.00%, 1/1/2021	BRL	1,330,000		521,626
10.00%, 1/1/2023	BRL	3,530,000		1,353,447
10.00%, 1/1/2025	BRL	300,000		115,407
Brazilian Government International Bond:
8.50%, 1/5/2024 (b)	BRL	350,000		145,413
10.25%, 1/10/2028 (b)	BRL	250,000		115,223
12.50%, 1/5/2016	BRL	250,000		116,331

				12,598,871

CHILE — 1.5%
Bonos del Banco Central de Chile en Pesos:
6.00%, 5/1/2015	CLP	45,000,000		83,286
6.00%, 2/1/2016	CLP	105,000,000		199,270
6.00%, 8/1/2016	CLP	130,000,000		248,674
6.00%, 1/1/2017	CLP	25,000,000		47,433
6.00%, 6/1/2017	CLP	55,000,000		104,673
6.00%, 3/1/2018	CLP	80,000,000		153,481
6.00%, 6/1/2018	CLP	5,000,000		9,559
6.00%, 2/1/2021	CLP	105,000,000		204,265
6.00%, 3/1/2022	CLP	70,000,000		136,024
6.00%, 3/1/2023	CLP	80,000,000		156,400
Chile Government International Bond:
5.50%, 8/5/2020	CLP	47,000,000		85,809
5.50%, 8/5/2020	CLP	100,000,000		182,573

				1,611,447

COLOMBIA — 4.3%
Colombia Government International Bond:
4.38%, 3/21/2023 (b)	COP	138,000,000		63,535
7.75%, 4/14/2021	COP	120,000,000		68,273
9.85%, 6/28/2027	COP	100,000,000		66,094
9.85%, 6/28/2027	COP	95,000,000		62,790
12.00%, 10/22/2015	COP	255,000,000		144,056
Colombian TES:
7.00%, 5/4/2022	COP	1,000,000,000		527,408
7.25%, 6/15/2016	COP	1,250,000,000		664,721
7.50%, 8/26/2026	COP	1,000,000,000		521,850
8.00%, 10/28/2015	COP	1,240,000,000		662,534
10.00%, 7/24/2024	COP	1,000,000,000		636,888
11.00%, 7/24/2020	COP	1,000,000,000		633,144
11.25%, 10/24/2018	COP	710,000,000		437,943

				4,489,236

CZECH REPUBLIC — 4.1%
Czech Republic Government Bond:
0.50%, 7/28/2016	CZK	2,500,000		125,945
1.50%, 10/29/2019	CZK	2,000,000		101,429
3.40%, 9/1/2015	CZK	7,100,000		373,415
3.75%, 9/12/2020	CZK	6,400,000		364,896
3.85%, 9/29/2021	CZK	8,300,000		477,060
4.00%, 4/11/2017	CZK	7,000,000		387,463
4.20%, 12/4/2036	CZK	4,800,000		276,180
4.60%, 8/18/2018	CZK	6,800,000		396,072
4.70%, 9/12/2022	CZK	9,200,000		560,961
5.00%, 4/11/2019	CZK	8,100,000		484,896
5.70%, 5/25/2024	CZK	6,800,000		451,556
6.95%, 1/26/2016	CZK	4,800,000		270,778

				4,270,651

HUNGARY — 2.9%
Hungary Government Bond:
5.50%, 2/12/2016	HUF	108,000,000		500,586
5.50%, 12/22/2016	HUF	100,000,000		464,864
5.50%, 12/20/2018	HUF	47,000,000		218,065
6.00%, 11/24/2023	HUF	57,000,000		266,199
6.50%, 6/24/2019	HUF	68,000,000		327,478
6.75%, 2/24/2017	HUF	50,000,000		240,165
6.75%, 11/24/2017	HUF	47,000,000		227,104
7.00%, 6/24/2022	HUF	49,000,000		242,985
7.50%, 11/12/2020	HUF	71,200,000		361,946
7.75%, 8/24/2015	HUF	45,000,000		213,788

				3,063,180

INDONESIA — 4.6%
Indonesia Treasury Bond:
5.25%, 5/15/2018	IDR	2,000,000,000		161,972
5.63%, 5/15/2023	IDR	400,000,000		29,753
6.13%, 5/15/2028	IDR	11,300,000,000		800,848
6.25%, 4/15/2017	IDR	1,500,000,000		128,081
6.38%, 4/15/2042	IDR	1,700,000,000		112,610
6.63%, 5/15/2033	IDR	1,000,000,000		71,303
7.00%, 5/15/2022	IDR	2,790,000,000		230,863
7.00%, 5/15/2027	IDR	2,300,000,000		178,169
8.25%, 7/15/2021	IDR	4,340,000,000		387,009
8.25%, 6/15/2032	IDR	5,510,000,000		469,271
8.38%, 9/15/2026	IDR	500,000,000		43,926
9.50%, 6/15/2015	IDR	1,670,000,000		151,417
9.50%, 7/15/2031	IDR	580,000,000		55,268
9.50%, 5/15/2041	IDR	1,000,000,000		94,454
9.75%, 5/15/2037	IDR	1,250,000,000		120,599
10.00%, 7/15/2017	IDR	1,800,000,000		170,334
10.00%, 9/15/2024	IDR	1,000,000,000		98,812
10.00%, 2/15/2028	IDR	1,400,000,000		137,289
10.50%, 8/15/2030	IDR	2,600,000,000		267,782
10.75%, 5/15/2016	IDR	2,100,000,000		196,875
11.00%, 11/15/2020	IDR	3,390,000,000		344,968

330

SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

11.00%, 9/15/2025	IDR	2,950,000,000	$	309,802
11.50%, 9/15/2019	IDR	100,000,000		10,255
12.80%, 6/15/2021	IDR	2,150,000,000		239,415

				4,811,075

ISRAEL — 4.4%
Israel Government Bond — Fixed:
3.75%, 3/31/2024	ILS	300,000		88,328
4.00%, 1/31/2018	ILS	300,000		93,213
4.25%, 8/31/2016	ILS	2,000,000		616,238
4.25%, 3/31/2023	ILS	1,150,000		354,832
5.00%, 1/31/2020	ILS	1,300,000		425,063
5.50%, 2/28/2017	ILS	2,450,000		785,355
5.50%, 1/31/2022	ILS	1,420,000		478,816
5.50%, 1/31/2042	ILS	750,000		242,130
6.00%, 2/28/2019	ILS	1,850,000		626,874
6.25%, 10/30/2026	ILS	1,430,000		514,029
Israel Government Bond — Shahar 6.50%, 1/31/2016	ILS	1,150,000		363,344

				4,588,222

MALAYSIA — 4.4%
Malaysia Government Bond:
3.17%, 7/15/2016	MYR	1,020,000		311,271
3.26%, 3/1/2018	MYR	1,110,000		334,986
3.31%, 10/31/2017	MYR	1,210,000		367,156
3.48%, 3/15/2023	MYR	960,000		280,089
3.49%, 3/31/2020	MYR	700,000		209,422
3.50%, 5/31/2027	MYR	600,000		166,263
3.58%, 9/28/2018	MYR	2,000,000		609,335
3.73%, 6/15/2028	MYR	240,000		67,533
3.84%, 4/15/2033	MYR	300,000		82,697
3.89%, 3/15/2027	MYR	600,000		173,530
4.01%, 9/15/2017	MYR	970,000		301,213
4.13%, 4/15/2032	MYR	300,000		86,441
4.16%, 7/15/2021	MYR	1,390,000		429,412
4.23%, 6/30/2031	MYR	200,000		58,674
4.26%, 9/15/2016	MYR	2,550,000		797,270
4.39%, 4/15/2026	MYR	900,000		275,844
4.94%, 9/30/2043	MYR	150,000		45,835

				4,596,971

MEXICO — 9.6%
Mexican Bonos:
4.75%, 6/14/2018	MXN	6,000,000		455,994
5.00%, 6/15/2017	MXN	6,400,000		499,418
6.00%, 6/18/2015	MXN	12,500,000		982,943
6.25%, 6/16/2016	MXN	7,000,000		561,359
6.50%, 6/10/2021	MXN	5,300,000		423,604
6.50%, 6/9/2022	MXN	3,800,000		300,110
7.25%, 12/15/2016	MXN	9,300,000		766,972
7.50%, 6/3/2027	MXN	12,920,000		1,076,702
7.75%, 12/14/2017	MXN	9,800,000		827,545
7.75%, 5/29/2031	MXN	5,200,000		434,742
7.75%, 11/13/2042	MXN	5,600,000		459,199
8.00%, 6/11/2020	MXN	3,700,000		319,474
8.00%, 12/7/2023	MXN	9,900,000		858,617
8.50%, 12/13/2018	MXN	5,000,000		437,229
8.50%, 5/31/2029	MXN	7,350,000		658,185
8.50%, 11/18/2038	MXN	3,500,000		311,238
10.00%, 12/5/2024	MXN	1,000,000		99,178
10.00%, 11/20/2036	MXN	5,300,000		538,352

				10,010,861

NIGERIA — 2.2%
Nigeria Government Bond:
4.00%, 4/23/2015	NGN	115,500,000		633,707
7.00%, 10/23/2019	NGN	82,000,000		363,990
10.00%, 7/23/2030	NGN	130,000,000		599,042
10.70%, 5/30/2018	NGN	63,440,000		341,918
15.10%, 4/27/2017	NGN	29,000,000		180,559
16.39%, 1/27/2022	NGN	34,000,000		229,613

				2,348,829

PERU — 1.9%
Peru Government Bond 6.95%, 8/12/2031	PEN	540,000		193,792
Peruvian Government International Bond:
5.20%, 9/12/2023	PEN	400,000		134,194
6.85%, 2/12/2042	PEN	730,000		251,452
6.90%, 8/12/2037	PEN	400,000		140,781
6.90%, 8/12/2037	PEN	450,000		158,379
7.84%, 8/12/2020	PEN	1,545,000		610,612
8.20%, 8/12/2026	PEN	620,000		254,314
8.60%, 8/12/2017	PEN	380,000		153,832
9.91%, 5/5/2015	PEN	115,000		43,589

				1,940,945

PHILIPPINES — 4.3%
Philippine Government Bond:
3.88%, 11/22/2019	PHP	18,600,000		422,830
5.00%, 8/18/2018	PHP	10,400,000		246,406
5.75%, 11/24/2021	PHP	2,800,000		69,464
5.88%, 1/31/2018	PHP	3,400,000		82,893
5.88%, 12/16/2020	PHP	7,950,000		197,722
6.13%, 10/24/2037	PHP	12,500,000		301,765
6.38%, 1/19/2022	PHP	15,200,000		392,542
7.00%, 1/27/2016	PHP	20,800,000		503,072
7.00%, 3/31/2017	PHP	6,000,000		148,877
7.75%, 8/23/2017	PHP	5,000,000		127,439
7.75%, 2/18/2020	PHP	4,100,000		111,743
7.88%, 2/19/2019	PHP	1,000,000		26,612
8.00%, 7/19/2031	PHP	25,387,338		762,306
8.13%, 12/16/2035	PHP	26,200,000		754,349
8.38%, 5/22/2015	PHP	1,800,000		43,021
9.13%, 9/4/2016	PHP	3,000,000		76,971
Philippine Government International Bond 6.25%, 1/14/2036	PHP	10,000,000		226,335

				4,494,347

POLAND — 7.2%
Poland Government Bond:
Zero Coupon, 7/25/2015 (a)	PLN	1,100,000		351,182
Zero Coupon, 1/25/2016 (a)	PLN	2,450,000		769,122
2.50%, 7/25/2018	PLN	900,000		285,662
3.75%, 4/25/2018	PLN	1,850,000		618,055
4.00%, 10/25/2023	PLN	1,300,000		422,519
4.75%, 10/25/2016	PLN	200,000		68,816
4.75%, 4/25/2017	PLN	2,150,000		742,047

331

SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.00%, 4/25/2016	PLN	2,500,000	$	859,866
5.25%, 10/25/2017	PLN	1,600,000		562,865
5.25%, 10/25/2020	PLN	1,190,000		423,672
5.50%, 10/25/2019	PLN	850,000		305,492
5.75%, 10/25/2021	PLN	1,200,000		439,465
5.75%, 9/23/2022	PLN	1,900,000		698,650
5.75%, 4/25/2029	PLN	630,000		234,264
6.25%, 10/24/2015	PLN	2,100,000		730,906

				7,512,583

ROMANIA — 2.4%
Romania Government Bond:
4.75%, 8/29/2016	RON	780,000		245,869
5.60%, 11/28/2018	RON	900,000		290,278
5.75%, 1/27/2016	RON	2,300,000		736,471
5.75%, 4/29/2020	RON	580,000		186,000
5.85%, 4/26/2023	RON	800,000		256,777
5.90%, 7/26/2017	RON	1,020,000		330,085
6.00%, 4/30/2016	RON	1,400,000		449,322

				2,494,802

RUSSIA — 4.7%
Russian Federal Bond — OFZ:
6.20%, 1/31/2018	RUB	29,000,000		775,955
6.80%, 12/11/2019	RUB	7,900,000		208,525
6.88%, 7/15/2015	RUB	9,000,000		254,593
6.90%, 8/3/2016	RUB	17,500,000		488,070
7.00%, 6/3/2015	RUB	9,000,000		255,362
7.00%, 1/25/2023	RUB	4,600,000		117,754
7.00%, 8/16/2023	RUB	8,000,000		203,128
7.05%, 1/19/2028	RUB	20,600,000		508,282
7.35%, 1/20/2016	RUB	7,200,000		202,753
7.40%, 6/14/2017	RUB	7,620,000		212,194
7.50%, 3/15/2018	RUB	17,500,000		484,086
7.50%, 2/27/2019	RUB	13,000,000		356,536
7.60%, 4/14/2021	RUB	7,300,000		196,739
7.60%, 7/20/2022	RUB	8,000,000		212,303
8.15%, 2/3/2027	RUB	9,000,000		244,092
Russian Foreign Bond — Eurobond 7.85%, 3/10/2018	RUB	5,000,000		140,117

				4,860,489

SOUTH AFRICA — 4.6%
South Africa Government Bond:
6.25%, 3/31/2036	ZAR	3,700,000		262,197
6.50%, 2/28/2041	ZAR	8,500,000		605,835
6.75%, 3/31/2021	ZAR	1,200,000		105,388
7.00%, 2/28/2031	ZAR	3,100,000		249,025
7.25%, 1/15/2020	ZAR	6,650,000		609,026
7.75%, 2/28/2023	ZAR	3,950,000		362,721
8.00%, 12/21/2018	ZAR	5,100,000		488,214
8.00%, 1/31/2030	ZAR	1,700,000		150,655
8.25%, 9/15/2017	ZAR	5,800,000		562,244
10.50%, 12/21/2026	ZAR	8,100,000		892,903
13.50%, 9/15/2015	ZAR	4,620,000		479,034

				4,767,242

SOUTH KOREA — 12.4%
Korea Treasury Bond:
2.75%, 12/10/2015	KRW	2,214,000,000		2,079,088
2.75%, 6/10/2016	KRW	590,000,000		553,366
2.75%, 9/10/2017	KRW	1,310,000,000		1,220,942
2.75%, 3/10/2018	KRW	629,000,000		584,063
3.00%, 3/10/2023	KRW	780,000,000		705,903
3.00%, 12/10/2042	KRW	350,000,000		282,643
3.25%, 6/10/2015	KRW	680,000,000		642,894
3.38%, 9/10/2023	KRW	330,000,000		306,982
3.50%, 3/10/2017	KRW	190,000,000		181,364
3.50%, 3/10/2024	KRW	130,000,000		121,885
3.75%, 6/10/2022	KRW	450,000,000		431,807
3.75%, 12/10/2033	KRW	100,000,000		94,194
4.00%, 3/10/2016	KRW	525,000,000		504,269
4.00%, 12/10/2031	KRW	470,000,000		457,521
4.25%, 6/10/2021	KRW	867,000,000		859,660
4.75%, 12/10/2030	KRW	770,000,000		816,546
5.00%, 6/10/2020	KRW	500,000,000		514,282
5.25%, 9/10/2015	KRW	1,160,000,000		1,127,866
5.50%, 12/10/2029	KRW	280,000,000		319,459
5.75%, 9/10/2018	KRW	1,070,000,000		1,112,734

				12,917,468

THAILAND — 5.8%
Thailand Government Bond:
2.80%, 10/10/2017	THB	11,900,000		366,616
3.13%, 12/11/2015	THB	4,150,000		129,693
3.25%, 6/16/2017	THB	28,200,000		884,524
3.45%, 3/8/2019	THB	17,500,000		545,714
3.58%, 12/17/2027	THB	12,150,000		359,468
3.63%, 5/22/2015	THB	2,100,000		65,810
3.63%, 6/16/2023	THB	9,780,000		300,440
3.65%, 12/17/2021	THB	20,700,000		641,852
3.65%, 6/20/2031	THB	13,000,000		375,360
3.78%, 6/25/2032	THB	9,700,000		283,680
3.80%, 6/14/2041	THB	15,000,000		422,592
3.88%, 6/13/2019	THB	27,500,000		876,005
4.13%, 11/18/2016	THB	8,000,000		256,419
4.88%, 6/22/2029	THB	10,000,000		335,858
5.13%, 3/13/2018	THB	6,000,000		199,571
5.40%, 7/27/2016	THB	1,100,000		36,110

				6,079,712

TURKEY — 4.6%
Turkey Government Bond:
5.00%, 5/13/2015	TRY	700,000		307,248
6.30%, 2/14/2018	TRY	2,090,000		859,761
7.10%, 3/8/2023	TRY	750,000		289,244
8.30%, 10/7/2015	TRY	1,000,000		453,908
8.50%, 9/14/2022	TRY	1,050,000		447,889
8.80%, 11/14/2018	TRY	450,000		199,841
8.80%, 9/27/2023	TRY	800,000		344,428
9.00%, 1/27/2016	TRY	510,000		232,981
9.00%, 3/8/2017	TRY	1,600,000		726,627
9.50%, 1/12/2022	TRY	1,100,000		496,214
10.50%, 1/15/2020	TRY	890,000		423,948

				4,782,089

TOTAL FOREIGN GOVERNMENT OBLIGATIONS —
(Cost $105,687,431)				102,239,020

332

SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value
SHORT TERM INVESTMENTS — 0.3%
MONEY MARKET FUNDS — 0.3%
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)		207,038	$	207,038
State Street Navigator Securities Lending Prime Portfolio (c)(e)		139,531		139,531

TOTAL SHORT TERM INVESTMENTS — (f)
(Cost $346,569)				346,569

TOTAL INVESTMENTS — 98.3% (g)
(Cost $106,034,000)				102,585,589
OTHER ASSETS & LIABILITIES — 1.7%				1,754,595

NET ASSETS — 100.0%			$	104,340,184


(a)		Non-income producing security.
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Investments of cash collateral for securities loaned
(f)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

At March 31, 2014, Open Forward Foreign Currency Contracts were as follows:

Forward Foreign Currency Contracts to Buy:


								Net Unrealized
				Value at		In Exchange		Appreciation/
Settlement Date	Contracts to Deliver			March 31, 2014		for U.S. $		(Depreciation)		Counterparty

4/8/2014		62,800,000	RUB	$	1,784,553	$	1,708,844	$	75,709	Citibank N.A.
4/8/2014		65,200,000	THB		2,009,344		1,995,898		13,446	HSBC Bank PLC

								$	89,155

Forward Foreign Currency Contracts to Sell:


								Net Unrealized
				Value at		In Exchange		Appreciation/
Settlement Date	Contracts to Deliver			March 31, 2014		for U.S. $		(Depreciation)			Counterparty

4/8/2014		62,800,000	RUB	$	1,784,552	$	1,732,844	$	(51,708	)	Citibank N.A.
4/8/2014		65,200,000	THB		2,009,344		1,996,937		(12,407	)	HSBC Bank PLC

								$	(64,115	)

								$	25,040

PLC = Public Limited Company

BRL — Brazilian Real

CLP — Chilean Peso

COP — Colombian Peso

CZK — Czech Koruna

HUF — Hungarian Forint

IDR — Indonesian Rupiah

ILS — Israeli Shekel

KRW — South Korean Won

MXN — Mexican Peso

MYR — Malaysian Ringgit

NGN — Nigerian Naira

PEN — Peruvian Nuevo Sol

PHP — Philippine Peso

PLN — Polish Zloty

RON — New Romanian Leu

RUB — Russian Ruble

THB — Thai Baht

333

SPDR Barclays International High Yield Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 97.0%
AUSTRALIA — 0.7%
FMG Resources August 2006 Pty, Ltd. 8.25%, 11/1/2019 (a)		300,000	$	330,000

AUSTRIA — 1.2%
JBS Investments GmbH 7.75%, 10/28/2020		200,000		210,750
OAS Investments GmbH 8.25%, 10/19/2019		200,000		201,000
Telekom Austria AG 5.63%, 2/1/2018	EUR	100,000		146,094

				557,844

BRAZIL — 0.4%
Banco BTG Pactual SA 5.75%, 9/28/2022		200,000		186,750

CANADA — 6.0%
Bombardier, Inc.:
5.75%, 3/15/2022 (a)		200,000		202,000
6.13%, 5/15/2021	EUR	100,000		148,506
7.50%, 3/15/2018 (a)		150,000		169,125
Brookfield Residential Properties, Inc. 6.13%, 7/1/2022 (a)		100,000		103,250
First Quantum Minerals, Ltd. 6.75%, 2/15/2020 (a)		200,000		202,500
HudBay Minerals, Inc. 9.50%, 10/1/2020		100,000		107,000
Lightstream Resources, Ltd. 8.63%, 2/1/2020 (a)		100,000		100,000
MEG Energy Corp. 7.00%, 3/31/2024 (a)		250,000		264,375
National Money Mart Co. 10.38%, 12/15/2016		100,000		100,500
NOVA Chemicals Corp. 5.25%, 8/1/2023 (a)		100,000		107,000
Novelis, Inc. 8.75%, 12/15/2020		200,000		223,500
Pacific Rubiales Energy Corp.:
5.13%, 3/28/2023		100,000		97,250
5.38%, 1/26/2019		250,000		259,375
Quebecor Media, Inc. 5.75%, 1/15/2023		100,000		100,250
Seven Generations Energy, Ltd. 8.25%, 5/15/2020 (a)		100,000		109,500
Tervita Corp. 8.00%, 11/15/2018 (a)		100,000		101,000
Valeant Pharmaceuticals International, Inc. 6.75%, 8/15/2018 (a)		200,000		220,000
Videotron, Ltd. 5.00%, 7/15/2022		100,000		100,250

				2,715,381

CAYMAN ISLANDS — 2.1%
Fibria Overseas Finance Ltd. 6.75%, 3/3/2021		150,000		165,000
Resona Preferred Global Securities Cayman Ltd. 7.19%, 12/31/2049 (a)		150,000		159,750
UPCB Finance II, Ltd. 6.38%, 7/1/2020	EUR	200,000		295,640
UPCB Finance III, Ltd. 6.63%, 7/1/2020 (a)		150,000		160,500
UPCB Finance VI, Ltd. 6.88%, 1/15/2022 (a)		150,000		163,500

				944,390

CHINA — 1.1%
Agile Property Holdings, Ltd. 8.88%, 4/28/2017 (a)		100,000		101,625
Country Garden Holdings Co. 11.13%, 2/23/2018 (a)		200,000		216,250
Evergrande Real Estate Group Ltd. 8.75%, 10/30/2018		200,000		187,000

				504,875

COLOMBIA — 0.5%
Bancolombia SA 5.13%, 9/11/2022		250,000		243,750

CROATIA — 0.3%
Agrokor D.D 10.00%, 12/7/2016	EUR	100,000		145,199

CZECH REPUBLIC — 0.3%
CE Energy AS 7.00%, 2/1/2021	EUR	100,000		143,339

DOMINICAN REPUBLIC — 0.4%
Aeropuertos Dominicanos Siglo XXI SA 9.25%, 11/13/2019		200,000		170,000

FINLAND — 0.9%
Nokia OYJ 6.63%, 5/15/2039		100,000		102,500
Nokia Oyj 6.75%, 2/4/2019	EUR	100,000		160,566
Stora Enso Oyj 5.50%, 3/7/2019	EUR	100,000		152,582

				415,648

FRANCE — 8.7%
Banque PSA Finance SA 4.25%, 2/25/2016	EUR	150,000		216,315
BPCE SA 12.50%, 12/31/2049	EUR	50,000		93,118
Casino Guichard Perracho SA 4.87%, 1/31/2019	EUR	100,000		139,035
Cie Generale de Geophysique — Veritas 6.50%, 6/1/2021		200,000		203,000
CMA CGM SA 8.50%, 4/15/2017 (a)		150,000		150,000
Groupama SA:
6.30%, 12/31/2049	EUR	150,000		197,434
7.88%, 10/27/2039	EUR	50,000		74,598
Italcementi Finance SA 6.13%, 2/21/2018	EUR	100,000		154,019
Labco SA 8.50%, 1/15/2018	EUR	100,000		146,935
Lafarge SA:
4.75%, 9/30/2020	EUR	100,000		148,851
6.13%, 5/28/2015	EUR	100,000		145,113
6.63%, 11/29/2018	EUR	150,000		238,782

335

SPDR Barclays International High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Peugeot SA:
6.50%, 1/18/2019	EUR	100,000	$	154,132
7.38%, 3/6/2018	EUR	100,000		156,465
Renault SA:
3.63%, 9/19/2018	EUR	150,000		218,125
4.63%, 5/25/2016	EUR	100,000		146,527
4.63%, 9/18/2017	EUR	100,000		149,733
Rexel SA 5.13%, 6/15/2020	EUR	100,000		147,817
Societe Generale SA:
8.88%, 6/29/2049	GBP	50,000		92,944
9.38%, 12/31/2049	EUR	100,000		165,390
Solvay Finance SA 4.20%, 5/29/2049	EUR	100,000		138,859
Tereos Finance Group I 4.25%, 3/4/2020	EUR	100,000		140,513
Veolia Environnement SA 4.45%, 12/31/2049	EUR	100,000		139,345
Wendel SA:
4.38%, 8/9/2017	EUR	150,000		221,209
5.88%, 9/17/2019	EUR	100,000		158,011

				3,936,270

GERMANY — 5.2%
Commerzbank AG:
6.38%, 3/22/2019	EUR	200,000		315,343
7.75%, 3/16/2021	EUR	100,000		163,495
8.13%, 9/19/2023 (a)		200,000		228,750
Deutsche Lufthansa AG 6.50%, 7/7/2016	EUR	100,000		153,914
K+S AG 4.13%, 12/6/2021	EUR	150,000		225,458
Rheinmetall AG 4.00%, 9/22/2017	EUR	100,000		149,788
ThyssenKrupp AG:
4.00%, 8/27/2018	EUR	150,000		216,299
4.38%, 2/28/2017	EUR	150,000		218,377
Trionista TopCo GmbH 6.88%, 4/30/2021	EUR	100,000		149,890
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:
6.25%, 1/15/2029	EUR	100,000		149,885
7.50%, 3/15/2019 (b)	EUR	100,000		149,540
Unitymedia KabelBW GmbH 9.50%, 3/15/2021	EUR	150,000		238,740

				2,359,479

HONG KONG — 0.5%
MCE Finance, Ltd. 5.00%, 2/15/2021 (a)		200,000		200,000

HUNGARY — 0.5%
Mol Hungarian Oil & Gas PLC 5.88%, 4/20/2017	EUR	150,000		224,310

INDIA — 0.3%
ICICI Bank, Ltd. 6.38%, 4/30/2022		150,000		150,000

IRELAND — 5.5%
Alfa Bank OJSC Via Alfa Bond Issuance PLC:
7.50%, 9/26/2019		200,000		199,000
7.88%, 9/25/2017		100,000		105,750
Allied Irish Banks PLC 2.88%, 11/28/2016	EUR	100,000		140,434
Ardagh Packaging Finance PLC 7.38%, 10/15/2017	EUR	150,000		219,659
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA, Inc. 7.38%, 10/15/2017 (a)		200,000		212,500
Bank of Ireland 3.25%, 1/15/2019	EUR	100,000		142,649
Credit Bank of Moscow Via CBOM Finance PLC 8.70%, 11/13/2018		200,000		184,000
Inaer Aviation Finance, Ltd. 9.50%, 8/1/2017	EUR	100,000		147,128
Metalloinvest Finance, Ltd. 5.63%, 4/17/2020		200,000		188,000
Mobile Telesystems OJSC via MTS International Funding, Ltd. 5.00%, 5/30/2023		200,000		185,000
Nara Cable Funding, Ltd.:
8.88%, 12/1/2018	EUR	100,000		150,229
8.88%, 12/1/2018 (a)		200,000		217,750
Sibur Securities, Ltd. 3.91%, 1/31/2018		250,000		229,375
Smurfit Kappa Acquisitions 7.75%, 11/15/2019 (b)	EUR	100,000		148,162

				2,469,636

ITALY — 7.3%
Astaldi SpA 7.13%, 12/1/2020	EUR	100,000		147,845
Banca Monte dei Paschi di Siena SpA 7.25%, 7/10/2015	EUR	150,000		219,555
Banca Popolare di Milano Scarl:
4.00%, 1/22/2016	EUR	100,000		141,681
4.25%, 1/30/2019	EUR	100,000		144,221
Banca Popolare di Vicenza 3.50%, 1/20/2017	EUR	100,000		139,640
Banco Popolare SC:
3.75%, 1/28/2016	EUR	100,000		141,594
6.00%, 11/5/2020	EUR	100,000		147,300
Buzzi Unicem SpA 5.13%, 12/9/2016	EUR	100,000		148,974
Enel SpA:
5.00%, 1/15/2075	EUR	100,000		140,306
6.50%, 1/10/2074	EUR	100,000		149,368
6.63%, 9/15/2076	GBP	100,000		171,716
8.75%, 9/24/2073 (a)		200,000		224,420
Gtech Spa 8.25%, 3/31/2066	EUR	100,000		149,434
Intesa Sanpaolo SpA:
6.63%, 5/8/2018	EUR	100,000		154,364
8.38%, 12/31/2049 (b)	EUR	100,000		159,877
Telecom Italia SpA:
5.38%, 1/29/2019	EUR	100,000		150,381
7.38%, 12/15/2017	GBP	100,000		186,212
UniCredit SpA:
3.95%, 2/1/2016	EUR	150,000		212,833
6.70%, 6/5/2018	EUR	50,000		77,010
Unipol Gruppo Finanzia SpA 5.00%, 1/11/2017	EUR	100,000		147,409

336

SPDR Barclays International High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Veneto Banca SCPA 4.00%, 7/31/2015	EUR	100,000	$	140,113

				3,294,253

JAMAICA — 1.4%
Digicel Group Ltd.:
7.13%, 4/1/2022 (a)		200,000		202,250
8.25%, 9/30/2020		200,000		213,500
Digicel Ltd. 6.00%, 4/15/2021		200,000		204,500

				620,250

JAPAN — 0.8%
Softbank Corp. 4.50%, 4/15/2020 (a)		200,000		199,000
SoftBank Corp. 4.63%, 4/15/2020	EUR	100,000		144,716

				343,716

LUXEMBOURG — 18.0%
Accudyne Industries Borrower/Accudyne Industries LLC 7.75%, 12/15/2020 (a)		150,000		161,625
ALROSA Finance SA 7.75%, 11/3/2020		200,000		211,000
Altice Finco SA 9.88%, 12/15/2020 (a)		200,000		228,000
ArcelorMittal:
3.00%, 3/25/2019	EUR	100,000		137,274
5.00%, 2/25/2017		250,000		265,313
5.88%, 11/17/2017	EUR	100,000		152,641
6.75%, 2/25/2022		150,000		164,625
7.50%, 10/15/2039		100,000		103,375
10.63%, 6/3/2016	EUR	100,000		162,924
CHC Helicopter SA 9.25%, 10/15/2020		135,000		146,644
Cirsa Funding Luxembourg SA 8.75%, 5/15/2018	EUR	100,000		144,027
CNH Industrial Finance Europe SA 6.25%, 3/9/2018	EUR	100,000		156,491
ConvaTec Finance International SA 8.25%, 1/15/2019 (a)		200,000		206,000
CSN Resources SA 6.50%, 7/21/2020		250,000		255,000
Evraz Group SA:
6.50%, 4/22/2020		200,000		167,000
7.40%, 4/24/2017		250,000		245,000
Fiat Finance & Trade SA:
6.38%, 4/1/2016	EUR	100,000		147,707
6.75%, 10/14/2019	EUR	100,000		155,880
7.75%, 10/17/2016	EUR	150,000		230,482
Finmeccanica Finance SA:
4.38%, 12/5/2017	EUR	100,000		145,788
5.25%, 1/21/2022	EUR	100,000		146,784
Globe Luxembourg SCA 9.63%, 5/1/2018 (a)		200,000		218,500
HeidelbergCement Finance Luxembourg SA:
3.25%, 10/21/2021	EUR	100,000		138,307
9.50%, 12/15/2018	EUR	100,000		179,241
Home Credit & Finance Bank OOO Via Eurasia Capital SA 9.38%, 4/24/2020		200,000		183,000
INEOS Group Holdings SA 6.50%, 8/15/2018	EUR	100,000		144,727
Intelsat Jackson Holdings SA:
5.50%, 8/1/2023 (a)		100,000		98,000
7.25%, 4/1/2019		150,000		161,250
Intelsat Luxembourg SA 8.13%, 6/1/2023 (a)		200,000		212,000
MHP SA 8.25%, 4/2/2020		200,000		172,000
Millicom International Cellular SA 6.63%, 10/15/2021 (a)		200,000		211,500
Minerva Luxembourg SA 7.75%, 1/31/2023		200,000		204,800
NII International Telecom SCA 11.38%, 8/15/2019		200,000		141,000
Offshore Drilling Holding SA 8.38%, 9/20/2020		200,000		218,250
Play Finance 2 SA 5.25%, 2/1/2019	EUR	100,000		140,581
Severstal OAO Via Steel Capital SA 4.45%, 3/19/2018		250,000		243,125
Sunrise Communications Holdings SA 8.50%, 12/31/2018	EUR	100,000		148,950
Telecom Italia Capital SA:
7.18%, 6/18/2019		150,000		171,938
7.72%, 6/4/2038		250,000		267,500
Telecom Italia Finance SA 7.75%, 1/24/2033	EUR	50,000		83,304
Telenet Finance V Luxembourg SCA 6.25%, 8/15/2022	EUR	100,000		150,918
UniCredit Bank Luxembourg SA 8.13%, 12/10/2019	EUR	50,000		78,353
Wind Acquisition Finance SA:
7.38%, 2/15/2018	EUR	100,000		145,753
11.75%, 7/15/2017	EUR	100,000		145,033
11.75%, 7/15/2017 (a)		500,000		526,875

				8,118,485

MEXICO — 1.5%
BBVA Bancomer SA 7.25%, 4/22/2020		150,000		165,938
Cemex SAB de CV:
7.25%, 1/15/2021		250,000		273,125
9.00%, 1/11/2018		200,000		217,500

				656,563

NETHERLANDS — 11.7%
ABN AMRO Bank NV 4.31%, 3/29/2049 (b)	EUR	100,000		139,548
EDP Finance BV:
4.13%, 1/20/2021	EUR	100,000		144,510
4.75%, 9/26/2016	EUR	200,000		294,945
5.25%, 1/14/2021 (a)		200,000		206,300
Fresenius Finance BV 2.88%, 7/15/2020	EUR	200,000		281,483
HeidelbergCement Finance Luxembourg SA 8.00%, 1/31/2017	EUR	150,000		241,159

337

SPDR Barclays International High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Koninklijke KPN NV 6.13%, 3/29/2049	EUR	100,000	$	143,855
Marfrig Holding Europe BV 9.88%, 7/24/2017		200,000		208,750
Metinvest BV 8.75%, 2/14/2018		200,000		183,000
Nokia Siemens Networks Finance BV 6.75%, 4/15/2018	EUR	100,000		148,438
NXP BV/NXP Funding LLC 3.75%, 6/1/2018 (a)		200,000		201,000
Portugal Telecom International Finance BV:
4.50%, 6/16/2025 (b)	EUR	100,000		139,892
4.63%, 5/8/2020	EUR	100,000		145,405
5.63%, 2/8/2016	EUR	150,000		221,457
Schaeffler Finance BV:
4.75%, 5/15/2021 (a)		200,000		204,500
7.75%, 2/15/2017	EUR	100,000		158,843
Schaeffler Holding Finance BV:
6.88%, 8/15/2018	EUR	100,000		146,508
6.88%, 8/15/2018 (a)		200,000		212,750
Sensata Technologies BV 6.50%, 5/15/2019 (a)		200,000		214,250
Suedzucker International Finance BV 5.25%, 6/30/2015	EUR	100,000		141,615
Telefonica Europe BV:
6.50%, 9/18/2018	EUR	100,000		147,128
7.63%, 9/18/2021	EUR	100,000		154,430
ThyssenKrupp Finance Nederland BV 8.50%, 2/25/2016	EUR	100,000		154,881
UPC Holding BV 6.75%, 3/15/2023	CHF	150,000		185,515
VimpelCom Holdings BV:
5.95%, 2/13/2023		250,000		228,750
6.25%, 3/1/2017		250,000		252,500
VTR Finance BV 6.88%, 1/15/2024		200,000		208,000
Ziggo Bond Co. BV 8.00%, 5/15/2018	EUR	100,000		146,439

				5,255,851

PORTUGAL — 1.3%
Banco Espirito Santo SA:
4.00%, 1/21/2019	EUR	200,000		278,161
7.13%, 11/28/2023	EUR	100,000		144,716
Brisa Concessao Rodoviaria SA 4.50%, 12/5/2016	EUR	100,000		146,811

				569,688

SINGAPORE — 0.7%
Flextronics International, Ltd. 5.00%, 2/15/2023		100,000		100,750
STATS ChipPAC, Ltd. 4.50%, 3/20/2018 (a)		200,000		201,000

				301,750

SOUTH AFRICA — 0.6%
AngloGold Ashanti Holdings PLC 8.50%, 7/30/2020		250,000		275,688

SPAIN — 3.3%
Abengoa Finance SAU:
7.75%, 2/1/2020 (a)		170,000		183,600
8.88%, 2/5/2018	EUR	100,000		156,087
Banco de Sabadell SA 2.50%, 12/5/2016	EUR	100,000		139,930
Bankia SA 3.50%, 1/17/2019	EUR	100,000		141,689
BPE Financiaciones SA:
2.88%, 5/19/2016	EUR	100,000		139,721
4.00%, 7/17/2015	EUR	100,000		141,712
CaixaBank SA 5.00%, 11/14/2023	EUR	100,000		145,535
Kutxabank SA 4.40%, 3/1/2016	EUR	100,000		145,605
Mapfre SA 5.13%, 11/16/2015	EUR	100,000		146,399
Obrascon Huarte Lain SA 8.75%, 3/15/2018	EUR	100,000		151,952

				1,492,230

SWEDEN — 1.6%
Eileme 2 AB 11.75%, 1/31/2020	EUR	100,000		166,244
Perstorp Holding AB 8.75%, 5/15/2017 (a)		200,000		214,000
Stena AB 7.00%, 2/1/2024 (a)		200,000		203,500
Verisure Holding AB 8.75%, 9/1/2018	EUR	100,000		149,885

				733,629

TURKEY — 0.4%
Yapi ve Kredi Bankasi AS 5.50%, 12/6/2022		200,000		176,000

UNITED KINGDOM — 11.6%
Algeco Scotsman Global Finance PLC 8.50%, 10/15/2018 (a)		200,000		218,500
Annington Finance No 5 PLC 13.00%, 1/15/2023	GBP	100,000		216,730
Arqiva Broadcast Finance Plc 9.50%, 3/31/2020	GBP	100,000		190,055
Barclays Bank PLC:
4.75%, 3/29/2049	EUR	150,000		184,255
6.00%, 6/29/2049	GBP	50,000		80,890
Co-operative Group Holdings 2011 7.50%, 7/8/2026	GBP	100,000		171,532
Crown Newco 3 PLC 7.00%, 2/15/2018 (b)	GBP	100,000		175,884
DTEK Finance PLC 7.88%, 4/4/2018		200,000		170,000
EC Finance PLC 9.75%, 8/1/2017 (b)	EUR	100,000		147,817
GKN Holdings PLC 5.38%, 9/19/2022	GBP	100,000		181,880
HBOS Capital Funding LP 6.46%, 12/31/2049	GBP	100,000		175,968
Ineos Finance PLC 7.50%, 5/1/2020 (a)		250,000		274,375
Jaguar Land Rover Automotive PLC:
5.00%, 2/15/2022	GBP	100,000		169,417
8.13%, 5/15/2021 (a)		150,000		170,250
Kerling PLC 10.63%, 2/1/2017	EUR	100,000		146,784

338

SPDR Barclays International High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

New Look Bondco I PLC 8.75%, 5/14/2018	GBP	100,000	$	178,812
Old Mutual PLC 8.00%, 6/3/2021	GBP	100,000		182,531
OTE PLC 7.88%, 2/7/2018	EUR	100,000		161,255
Phones4u Finance PLC 9.50%, 4/1/2018	GBP	100,000		175,051
Rexam PLC 6.75%, 6/29/2067	EUR	100,000		147,059
Royal Bank of Scotland Group PLC:
6.10%, 6/10/2023		250,000		259,505
7.64%, 3/29/2049		100,000		101,500
7.65%, 8/29/2049		100,000		107,500
The Royal Bank of Scotland Plc 4.63%, 9/22/2021	EUR	150,000		210,527
Thomas Cook Finance PLC 7.75%, 6/15/2020	EUR	100,000		152,139
Vedanta Resources PLC:
6.00%, 1/31/2019		250,000		250,000
7.13%, 5/31/2023		200,000		199,500
Virgin Media Secured Finance PLC:
5.38%, 4/15/2021 (a)		250,000		258,125
7.00%, 1/15/2018	GBP	100,000		172,758

				5,230,599

UNITED STATES — 2.2%
Fresenius Medical Care US Finance II, Inc. 5.63%, 7/31/2019 (a)		200,000		215,500
Meccanica Holdings USA, Inc. 6.25%, 7/15/2019 (a)		100,000		107,375
Nielsen Finance LLC/Nielsen Finance Co. 7.75%, 10/15/2018		250,000		267,188
NII Capital Corp.:
7.63%, 4/1/2021		100,000		28,000
10.00%, 8/15/2016		100,000		40,500
SMFG Preferred Capital USD 3, Ltd. 9.50%, 12/31/2049 (a)		250,000		314,375

				972,938

TOTAL CORPORATE BONDS & NOTES —
(Cost $43,845,393)				43,738,511

	Shares
SHORT TERM INVESTMENT — 2.3%
MONEY MARKET FUND — 2.3%
State Street Institutional Liquid Reserves Fund 0.08% (c)(d)(e) (Cost $1,020,568)		1,020,568		1,020,568

TOTAL INVESTMENTS — 99.3% (f)
(Cost $44,865,961)				44,759,079
OTHER ASSETS & LIABILITIES — 0.7%				337,536

NET ASSETS — 100.0%			$	45,096,615


(a)		Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 21.3% of net assets as of March 31, 2014, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(b)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(c)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(d)		The rate shown is the annualized seven-day yield at period end.
(e)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(f)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedule of Investments).

CHF = Swiss Franc

EUR = Euro Currency

GBP = Great British Pound

PLC = Public Limited Company

SCA = Societe en Commandite par Actions

339

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 97.9%
AEROSPACE & DEFENSE — 2.0%
Accudyne Industries Borrower/Accudyne Industries LLC 7.75%, 12/15/2020 (a)(b)	$	9,141,000	$	9,849,428
Aviation Capital Group Corp.:
6.75%, 4/6/2021 (b)		12,032,000		13,274,316
7.13%, 10/15/2020 (a)(b)		10,196,000		11,433,356
BE Aerospace, Inc.:
5.25%, 4/1/2022		20,655,000		21,248,831
6.88%, 10/1/2020		11,128,000		12,212,980
Bombardier, Inc.:
4.25%, 1/15/2016 (b)		7,600,000		7,904,000
6.00%, 10/15/2022 (b)		12,900,000		12,900,000
6.13%, 1/15/2023 (a)(b)		19,196,000		19,387,960
7.75%, 3/15/2020 (a)(b)		16,043,000		17,968,160
DigitalGlobe, Inc. 5.25%, 2/1/2021 (a)		8,388,000		8,283,150
Huntington Ingalls Industries, Inc.:
6.88%, 3/15/2018		10,480,000		11,266,000
7.13%, 3/15/2021		8,959,000		9,888,496
Kratos Defense & Security Solutions, Inc. 10.00%, 6/1/2017 (a)		7,997,000		8,456,828
TransDigm, Inc.:
5.50%, 10/15/2020 (a)		9,960,000		10,134,300
7.50%, 7/15/2021 (a)		6,350,000		7,032,625
7.75%, 12/15/2018		23,813,000		25,539,442

				206,779,872

AIRLINES — 0.2%
Continental Airlines, Inc. 6.75%, 9/15/2015 (b)		10,985,000		11,204,700
US Airways Group, Inc. 6.13%, 6/1/2018 (a)		8,193,000		8,612,891

				19,817,591

AUTO COMPONENTS — 0.9%
American Axle & Manufacturing, Inc. 6.63%, 10/15/2022 (a)		8,350,000		9,049,313
Jaguar Land Rover Automotive PLC 4.13%, 12/15/2018 (b)		10,165,000		10,406,419
Lear Corp. 4.75%, 1/15/2023 (a)(b)		6,103,000		5,950,425
Schaeffler Holding Finance BV 6.88%, 8/15/2018 (b)		11,607,000		12,346,946
Tenneco, Inc. 6.88%, 12/15/2020		7,844,000		8,608,790
The Goodyear Tire & Rubber Co.:
6.50%, 3/1/2021		15,144,000		16,506,960
7.00%, 5/15/2022 (a)		9,400,000		10,434,000
8.25%, 8/15/2020		14,723,000		16,397,741

				89,700,594

AUTOMOBILES — 1.6%
Chrysler Group LLC/CG Co-Issuer, Inc.:
8.00%, 6/15/2019 (b)		7,175,000		7,856,625
8.00%, 6/15/2019 (a)		23,002,000		25,187,190
8.25%, 6/15/2021 (b)		6,850,000		7,749,063
8.25%, 6/15/2021 (a)		22,545,000		25,504,031
General Motors Co.:
3.50%, 10/2/2018 (b)		22,115,000		22,529,656
4.88%, 10/2/2023 (a)(b)		22,567,000		23,131,175
6.25%, 10/2/2043 (b)		21,790,000		23,587,675
Jaguar Land Rover Automotive PLC 5.63%, 2/1/2023 (a)(b)		8,129,000		8,474,482
Navistar International Corp. 8.25%, 11/1/2021 (a)		21,011,000		21,431,220

				165,451,117

BANKS — 1.8%
CIT Group, Inc.:
4.25%, 8/15/2017		24,962,000		26,147,695
4.75%, 2/15/2015 (b)(c)		11,331,000		11,642,603
5.25%, 3/15/2018		10,000,000		10,750,000
5.50%, 2/15/2019 (b)		25,500,000		27,476,250
Commerzbank AG 8.13%, 9/19/2023 (a)(b)		11,717,000		13,401,319
Provident Funding Associates LP/ PFG Finance Corp. 6.75%, 6/15/2021 (a)(b)		14,662,000		14,662,000
Royal Bank of Scotland Group PLC:
6.00%, 12/19/2023 (a)		27,760,000		28,424,935
6.10%, 6/10/2023		20,500,000		21,279,389
6.13%, 12/15/2022 (a)		31,294,000		32,773,486

				186,557,677

BEVERAGES — 0.3%
Constellation Brands, Inc.:
3.75%, 5/1/2021 (a)		9,055,000		8,851,263
4.25%, 5/1/2023 (a)		15,525,000		15,175,687
6.00%, 5/1/2022 (a)		7,953,000		8,788,065

				32,815,015

BUILDING PRODUCTS — 0.9%
Associated Materials LLC 9.13%, 11/1/2017		22,987,000		24,193,817
Building Materials Corp. of America 6.75%, 5/1/2021 (a)(b)		14,495,000		15,727,075
Griffon Corp. 5.25%, 3/1/2022 (b)		13,850,000		13,711,500
Masco Corp. 7.13%, 3/15/2020 (c)		5,425,000		6,265,875
Masonite International Corp. 8.25%, 4/15/2021 (b)		7,073,000		7,806,824
Nortek, Inc. 8.50%, 4/15/2021		9,595,000		10,722,413
Ply Gem Industries, Inc. 6.50%, 2/1/2022 (a)(b)		7,762,000		7,839,620
Texas Industries, Inc. 9.25%, 8/15/2020 (a)		4,597,000		5,309,535

				91,576,659

CAPITAL MARKETS — 0.3%
E*TRADE Financial Corp.:
6.00%, 11/15/2017 (a)		7,135,000		7,500,669
6.38%, 11/15/2019		12,071,000		13,127,212
Walter Investment Management Corp. 7.88%, 12/15/2021 (a)(b)		11,466,000		11,437,335

				32,065,216

340

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CHEMICALS — 2.9%
Ashland, Inc.:
3.00%, 3/15/2016 (a)	$	8,904,000	$	9,082,080
3.88%, 4/15/2018 (a)		8,952,000		9,242,940
4.75%, 8/15/2022		16,935,000		16,617,469
Celanese US Holdings LLC:
4.63%, 11/15/2022		8,974,000		8,839,390
6.63%, 10/15/2018		8,599,000		9,080,544
Eagle Spinco, Inc. 4.63%, 2/15/2021 (b)		10,471,000		10,353,201
Hexion US Finance Corp. 6.63%, 4/15/2020		18,062,000		18,694,170
Hexion US Finance Corp./Hexion Nova Scotia Finance ULC 8.88%, 2/1/2018		23,155,000		24,081,200
Huntsman International LLC:
4.88%, 11/15/2020 (a)		8,450,000		8,502,813
8.63%, 3/15/2021		9,714,000		10,879,680
Ineos Finance PLC:
7.50%, 5/1/2020 (b)		13,854,000		15,204,765
8.38%, 2/15/2019 (b)(c)		13,945,000		15,409,225
Ineos Group Holdings SA 6.13%, 8/15/2018 (a)(b)		9,336,000		9,686,100
Momentive Performance Materials, Inc.:
8.88%, 10/15/2020		21,755,000		23,604,175
9.00%, 1/15/2021 (a)		17,050,000		13,512,125
NOVA Chemicals Corp. 5.25%, 8/1/2023 (a)(b)		7,667,000		8,203,690
PolyOne Corp. 5.25%, 3/15/2023 (a)		8,963,000		9,007,815
PQ Corp. 8.75%, 5/1/2018 (b)		13,828,000		15,107,090
Rockwood Specialties Group, Inc. 4.63%, 10/15/2020		17,383,000		17,947,947
Sawgrass Merger Sub, Inc. 8.75%, 12/15/2020 (b)		13,650,000		14,963,812
Tronox Finance LLC 6.38%, 8/15/2020 (a)		12,998,000		13,355,445
US Coatings Acquisition, Inc./Flash Dutch 2 BV 7.38%, 5/1/2021 (a)(b)		10,121,000		11,006,588

				292,382,264

COMMERCIAL SERVICES — 0.4%
Ceridian Corp. 8.88%, 7/15/2019 (b)		14,100,000		16,003,500
National Money Mart Co. 10.38%, 12/15/2016 (a)		19,513,000		19,610,565

				35,614,065

COMMERCIAL SERVICES & SUPPLIES — 3.4%
ACCO Brands Corp. 6.75%, 4/30/2020 (a)		6,375,000		6,542,344
ADS Waste Holdings, Inc. 8.25%, 10/1/2020		8,750,000		9,515,625
APX Group, Inc.:
6.38%, 12/1/2019		15,375,000		15,682,500
8.75%, 12/1/2020		14,570,000		14,824,975
ARAMARK Corp. 5.75%, 3/15/2020 (a)		12,085,000		12,764,781
Ashtead Capital, Inc. 6.50%, 7/15/2022 (b)		12,775,000		13,892,812
Clean Harbors, Inc.:
5.13%, 6/1/2021 (a)		10,923,000		11,141,460
5.25%, 8/1/2020		11,764,000		12,116,920
Global A&T Electronics, Ltd. 10.00%, 2/1/2019 (a)(b)		11,148,000		9,113,490
H&E Equipment Services, Inc. 7.00%, 9/1/2022		10,362,000		11,398,200
Harland Clarke Holdings Corp. 9.25%, 3/1/2021 (b)		11,040,000		11,095,200
Interactive Data Corp. 10.25%, 8/1/2018		9,855,000		10,618,763
Iron Mountain, Inc.:
5.75%, 8/15/2024		13,629,000		13,271,239
6.00%, 8/15/2023		9,154,000		9,726,125
Jaguar Holding Co. I PIK 9.38%, 10/15/2017 (b)		10,655,000		11,201,069
Jaguar Holding Co. II/Jaguar Merger Sub, Inc. 9.50%, 12/1/2019 (b)		7,220,000		8,032,250
Laureate Education, Inc. 9.25%, 9/1/2019 (a)(b)(c)		27,775,000		29,580,375
Monitronics International, Inc. 9.13%, 4/1/2020 (a)		5,750,000		6,152,500
Safway Group Holding LLC/Safway Finance Corp. 7.00%, 5/15/2018 (b)		7,595,000		8,088,675
ServiceMaster Co.:
7.00%, 8/15/2020 (a)		11,073,000		11,723,539
8.00%, 2/15/2020		10,240,000		11,110,400
Tervita Corp. 8.00%, 11/15/2018 (b)		16,550,000		16,715,500
The ADT Corp.:
3.50%, 7/15/2022 (a)		17,421,000		15,313,407
4.88%, 7/15/2042		12,750,000		10,502,226
6.25%, 10/15/2021 (a)(b)		15,639,000		16,069,072
The Hertz Corp.:
5.88%, 10/15/2020		11,928,000		12,718,266
6.75%, 4/15/2019 (a)		21,857,000		23,414,311
7.50%, 10/15/2018		5,350,000		5,697,750

				348,023,774

CONSTRUCTION & ENGINEERING — 0.1%
Brand Energy & Infrastructure Services, Inc. 8.50%, 12/1/2021 (b)		4,625,000		4,902,500

CONSTRUCTION MATERIALS — 0.1%
Vulcan Materials Co.:
6.50%, 12/1/2016		988,000		1,101,620
7.50%, 6/15/2021 (a)		7,687,000		9,051,443

				10,153,063

CONSUMER FINANCE — 0.7%
SLM Corp.:
5.50%, 1/15/2019 (a)		16,125,000		17,052,188
6.25%, 1/25/2016		28,818,000		30,979,350
8.00%, 3/25/2020		21,050,000		24,233,812

				72,265,350

341

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CONTAINERS & PACKAGING — 1.5%
Ardagh Packaging Finance PLC:
7.38%, 10/15/2017 (b)	$	7,350,000	$	7,818,563
9.13%, 10/15/2020 (b)		15,422,000		17,195,530
Ball Corp.:
4.00%, 11/15/2023		16,050,000		15,006,750
5.00%, 3/15/2022 (a)		10,635,000		10,900,875
6.75%, 9/15/2020		7,770,000		8,420,738
Berry Plastics Corp.:
9.50%, 5/15/2018 (a)		8,000,000		8,460,000
9.75%, 1/15/2021		11,180,000		12,982,775
Crown Americas LLC/Crown Americas Capital Corp. III 6.25%, 2/1/2021		8,484,000		9,183,930
Crown Americas LLC/Crown Americas Capital Corp. IV 4.50%, 1/15/2023		17,667,000		16,871,985
Owens-Brockway Glass Container, Inc. 7.38%, 5/15/2016		7,826,000		8,667,295
Sealed Air Corp.:
8.13%, 9/15/2019 (b)		9,500,000		10,616,250
8.38%, 9/15/2021 (b)		11,974,000		13,785,067
Silgan Holdings, Inc. 5.00%, 4/1/2020 (a)		8,675,000		8,891,875

				148,801,633

DISTRIBUTORS — 0.9%
American Builders & Contractors Supply Co., Inc. 5.63%, 4/15/2021 (a)(b)		8,872,000		9,182,520
HD Supply, Inc.:
7.50%, 7/15/2020 (a)		20,603,000		22,483,024
8.13%, 4/15/2019 (a)		15,747,000		17,557,905
11.50%, 7/15/2020 (a)		16,650,000		19,813,500
LKQ Corp. 4.75%, 5/15/2023 (b)		11,798,000		11,178,605
VWR Funding, Inc. 7.25%, 9/15/2017 (a)		11,275,000		12,120,625

				92,336,179

DIVERSIFIED CONSUMER SERVICES — 1.0%
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu:
5.75%, 10/15/2020		45,268,000		47,418,230
9.00%, 4/15/2019 (a)		20,550,000		21,988,500
9.88%, 8/15/2019		31,400,000		35,089,500

				104,496,230

DIVERSIFIED FINANCIAL SERVICES — 4.1%
Aircastle, Ltd.:
5.13%, 3/15/2021 (a)		11,800,000		11,814,750
6.25%, 12/1/2019		11,545,000		12,468,600
6.75%, 4/15/2017		10,198,000		11,332,528
Ally Financial, Inc.:
7.50%, 9/15/2020 (a)		27,150,000		32,274,562
8.00%, 3/15/2020		28,167,000		33,941,235
8.30%, 2/12/2015		22,568,000		23,865,660
Alphabet Holding Co., Inc. PIK 7.75%, 11/1/2017		8,258,000		8,536,708
CNH Capital LLC:
3.63%, 4/15/2018 (a)		11,912,000		12,120,460
3.88%, 11/1/2015 (a)		9,650,000		9,915,375
Denali Borrower LLC/Denali Finance Corp. 5.63%, 10/15/2020 (b)		24,333,000		24,758,827
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
4.88%, 3/15/2019 (b)		17,300,000		17,602,750
5.88%, 2/1/2022 (b)		20,358,000		20,663,370
6.00%, 8/1/2020		16,760,000		17,933,200
6.00%, 8/1/2020 (b)		2,050,000		2,173,000
International Lease Finance Corp.:
6.25%, 5/15/2019		17,750,000		19,569,375
8.63%, 9/15/2015		15,470,000		17,036,337
8.75%, 3/15/2017		25,137,000		29,504,554
Jefferies Finance LLC/JFIN Co-Issuer Corp. 7.38%, 4/1/2020 (b)		8,929,000		9,375,450
Mizuho Capital Investment USD 2, Ltd. 14.95%, 12/31/2049 (b)(d)		1,000		1,029
Nationstar Mortgage LLC/ Nationstar Capital Corp. 6.50%, 7/1/2021 (a)		13,775,000		12,982,937
Neuberger Berman Group LLC/Neuberger Berman Finance Corp. 5.88%, 3/15/2022 (b)		5,500,000		5,857,500
Nuveen Investments, Inc.:
9.13%, 10/15/2017 (a)(b)		11,450,000		12,108,375
9.50%, 10/15/2020 (a)(b)		16,053,000		17,096,445
Opal Acquisition, Inc. 8.88%, 12/15/2021 (b)		16,650,000		16,733,250
Springleaf Finance Corp. 7.75%, 10/1/2021		2,625,000		2,907,188
The Nielsen Co. Luxembourg SARL 5.50%, 10/1/2021 (a)(b)		8,212,000		8,571,275
TMX Finance LLC/TitleMax Finance Corp. 8.50%, 9/15/2018 (b)		8,590,000		9,406,050
TransUnion Holding Co., Inc. 9.63%, 6/15/2018		9,796,000		10,408,250
TransUnion LLC/TransUnion Financing Corp. 11.38%, 6/15/2018		9,058,000		9,737,350

				420,696,390

DIVERSIFIED TELECOMMUNICATION SERVICES — 6.7%
Alcatel-Lucent USA, Inc.:
4.63%, 7/1/2017 (a)(b)		5,792,000		5,951,280
6.75%, 11/15/2020 (a)(b)		14,498,000		15,331,635
8.88%, 1/1/2020 (b)		9,802,000		11,125,270
CenturyLink, Inc.:
5.63%, 4/1/2020		14,938,000		15,703,572
5.80%, 3/15/2022 (a)		19,560,000		20,000,100
6.45%, 6/15/2021		19,045,000		20,473,375
Cincinnati Bell, Inc.:
8.38%, 10/15/2020 (a)		8,500,000		9,307,500
8.75%, 3/15/2018 (a)		7,454,000		7,798,748
CommScope, Inc. 8.25%, 1/15/2019 (a)(b)		17,573,000		19,022,772

342

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Cricket Communications, Inc. 7.75%, 10/15/2020	$	21,421,000	$	24,484,203
Frontier Communications Corp.:
7.13%, 1/15/2023		13,155,000		13,648,313
7.63%, 4/15/2024 (a)		11,450,000		11,965,250
8.50%, 4/15/2020 (a)		15,735,000		18,291,937
Hughes Satellite Systems Corp.:
6.50%, 6/15/2019		11,950,000		13,115,125
7.63%, 6/15/2021		24,100,000		27,172,750
Inmarsat Finance PLC 7.38%, 12/1/2017 (b)		12,425,000		12,922,000
Intelsat Jackson Holdings SA:
5.50%, 8/1/2023 (a)(b)		28,720,000		28,145,600
7.25%, 10/15/2020		31,250,000		33,906,250
Intelsat Luxembourg SA 7.75%, 6/1/2021 (a)(b)		33,921,000		35,701,852
Koninklijke KPN NV 7.00%, 3/28/2073 (a)(b)(d)		9,000,000		9,312,705
Level 3 Financing, Inc.:
7.00%, 6/1/2020 (a)		13,942,000		15,109,643
8.13%, 7/1/2019		15,775,000		17,313,062
8.63%, 7/15/2020		13,330,000		14,946,263
SBA Telecommunications, Inc. 5.75%, 7/15/2020		10,490,000		10,988,275
Softbank Corp. 4.50%, 4/15/2020 (a)(b)		39,905,000		39,705,475
Telesat Canada/Telesat LLC 6.00%, 5/15/2017 (b)		13,461,000		13,932,135
UPCB Finance III, Ltd. 6.63%, 7/1/2020 (b)		14,515,000		15,531,050
UPCB Finance V, Ltd. 7.25%, 11/15/2021 (b)		11,295,000		12,452,738
UPCB Finance VI, Ltd. 6.88%, 1/15/2022 (b)		11,175,000		12,180,750
ViaSat, Inc. 6.88%, 6/15/2020 (a)		14,406,000		15,450,435
Virgin Media Finance PLC 6.38%, 4/15/2023 (a)(b)		12,000,000		12,720,000
Virgin Media Secured Finance PLC 5.38%, 4/15/2021 (b)		13,404,000		13,839,630
West Corp.:
7.88%, 1/15/2019 (a)		8,785,000		9,421,913
8.63%, 10/1/2018		12,696,000		13,616,460
Wind Acquisition Finance SA:
7.25%, 2/15/2018 (b)		14,300,000		15,086,500
11.75%, 7/15/2017 (b)		27,250,000		28,714,687
Wind Acquisition Holdings Finance SA PIK 12.25%, 7/15/2017 (a)(b)		24,087,058		25,231,193
Windstream Corp.:
6.38%, 8/1/2023		12,885,000		12,562,875
7.75%, 10/15/2020 (a)		9,565,000		10,258,463
7.88%, 11/1/2017		16,301,000		18,705,397

				681,147,181

ELECTRIC UTILITIES — 3.6%
AES Corp. 4.88%, 5/15/2023		11,817,000		11,285,235
Calpine Corp.:
6.00%, 1/15/2022 (a)(b)		10,397,000		10,916,850
7.50%, 2/15/2021 (a)(b)		23,137,000		25,277,172
7.88%, 7/31/2020 (a)(b)		1,500,000		1,650,000
7.88%, 1/15/2023 (b)		16,754,000		18,764,480
DPL, Inc. 7.25%, 10/15/2021		15,347,000		15,845,778
Dynegy, Inc. 5.88%, 6/1/2023 (b)		5,734,000		5,633,655
EDP Finance BV:
4.90%, 10/1/2019 (b)		22,833,000		23,860,485
5.25%, 1/14/2021 (a)(b)		10,330,000		10,655,395
Enel SpA 8.75%, 9/24/2073 (a)(b)(d)		15,200,000		17,055,920
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc.:
10.00%, 12/1/2020		39,842,000		41,933,705
12.25%, 3/1/2022 (b)		31,450,000		37,111,000
FirstEnergy Corp. 4.25%, 3/15/2023 (a)		11,000,000		10,669,329
GenOn Energy, Inc.:
9.50%, 10/15/2018		15,970,000		16,329,325
9.88%, 10/15/2020		13,851,000		14,128,020
InterGen NV 7.00%, 6/30/2023 (b)		11,149,000		11,706,450
NRG Energy, Inc.:
6.25%, 7/15/2022 (b)		17,400,000		17,922,000
7.63%, 1/15/2018		16,008,000		17,968,980
7.88%, 5/15/2021		19,091,000		21,000,100
Texas Competitive Electric Holdings Co. LLC/ TCEH Finance, Inc. 11.50%, 10/1/2020 (b)		27,700,000		21,259,750
The AES Corp. 7.38%, 7/1/2021		14,339,000		16,346,460

				367,320,089

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.2%
Belden, Inc. 5.50%, 9/1/2022 (b)		10,978,000		11,115,225
CDW LLC/CDW Finance Corp. 8.50%, 4/1/2019		18,194,000		19,922,430
Flextronics International, Ltd.:
4.63%, 2/15/2020 (a)		8,725,000		8,801,344
5.00%, 2/15/2023 (a)		8,280,000		8,342,100
General Cable Corp. 6.50%, 10/1/2022 (a)(b)		10,755,000		10,916,325
NXP BV/NXP Funding LLC:
3.75%, 6/1/2018 (b)		16,385,000		16,466,925
5.75%, 2/15/2021 (b)		11,445,000		12,188,925
5.75%, 3/15/2023 (b)		6,052,000		6,354,600
Rexel SA:
5.25%, 6/15/2020 (b)		6,805,000		6,958,113
6.13%, 12/15/2019 (a)(b)		7,290,000		7,672,725
Sanmina Corp. 7.00%, 5/15/2019 (a)(b)		6,750,000		7,146,562
Viasystems, Inc. 7.88%, 5/1/2019 (a)(b)		8,964,000		9,658,710

				125,543,984

ENERGY EQUIPMENT & SERVICES — 0.1%
Calfrac Holdings LP 7.50%, 12/1/2020 (b)		6,980,000		7,329,000

ENGINEERING & CONSTRUCTION — 0.3%
Abengoa Finance SAU 8.88%, 11/1/2017 (a)(b)		19,755,000		22,174,987

343

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Aguila 3 SA 7.88%, 1/31/2018 (b)	$	10,653,000	$	11,318,813

				33,493,800

FOOD PRODUCTS — 2.3%
B&G Foods, Inc. 4.63%, 6/1/2021 (a)		10,647,000		10,527,221
Big Heart Pet Brands 7.63%, 2/15/2019		13,406,000		13,967,376
Bumble Bee Holdings, Inc. 9.00%, 12/15/2017 (b)		19,522,000		21,278,980
Darling Ingredients, Inc. 5.38%, 1/15/2022 (a)(b)		4,930,000		5,065,575
Harbinger Group, Inc. 7.88%, 7/15/2019		14,937,000		16,393,358
Hawk Acquisition Sub, Inc. 4.25%, 10/15/2020 (a)(b)		45,531,000		44,791,121
HJ Heinz Finance Co. 7.13%, 8/1/2039 (a)(b)		13,150,000		14,037,625
Ingles Markets, Inc. 5.75%, 6/15/2023		10,015,000		10,015,000
JBS USA LLC/JBS USA Finance, Inc.:
7.25%, 6/1/2021 (b)		1,000,000		1,062,500
7.25%, 6/1/2021 (b)		12,700,000		13,525,500
8.25%, 2/1/2020 (a)(b)		12,050,000		13,194,750
Post Holdings, Inc.:
6.75%, 12/1/2021 (b)		10,413,000		11,024,764
7.38%, 2/15/2022		17,876,000		19,216,700
Smithfield Foods, Inc. 6.63%, 8/15/2022		12,949,000		13,984,920
Sun Merger Sub, Inc. 5.25%, 8/1/2018 (b)		8,324,000		8,646,555
US Foods, Inc. 8.50%, 6/30/2019		19,349,000		20,935,618

				237,667,563

HEALTH CARE EQUIPMENT & SUPPLIES — 1.4%
Biomet, Inc.:
6.50%, 8/1/2020 (a)		27,264,000		29,363,328
6.50%, 10/1/2020		11,175,000		11,873,438
ConvaTec Finance International SA 8.25%, 1/15/2019 (a)(b)		11,725,000		12,076,750
Hologic, Inc. 6.25%, 8/1/2020		16,248,000		17,182,260
Kinetic Concepts, Inc./KCI USA, Inc.:
10.50%, 11/1/2018 (a)		28,435,000		32,664,706
12.50%, 11/1/2019 (a)		11,000,000		12,787,500
Mallinckrodt International Finance SA 4.75%, 4/15/2023 (a)(b)		12,250,000		11,668,125
Universal Hospital Services, Inc. 7.63%, 8/15/2020 (a)		10,325,000		11,047,750

				138,663,857

HEALTH CARE PROVIDERS & SERVICES — 4.4%
Capella Healthcare, Inc. 9.25%, 7/1/2017		6,900,000		7,331,250
CHS/Community Health Systems, Inc.:
5.13%, 8/15/2018		22,249,000		23,361,450
6.88%, 2/1/2022 (a)(b)		44,429,000		46,428,305
8.00%, 11/15/2019		26,485,000		29,100,394
DaVita HealthCare Partners, Inc.:
5.75%, 8/15/2022 (a)		18,392,000		19,564,490
6.38%, 11/1/2018		10,225,000		10,749,031
6.63%, 11/1/2020		13,853,000		14,840,026
Emergency Medical Services Corp. 8.13%, 6/1/2019		9,779,000		10,451,306
Fresenius Medical Care US Finance II, Inc.:
5.63%, 7/31/2019 (a)(b)		11,173,000		12,038,907
5.88%, 1/31/2022 (b)		9,068,000		9,634,750
Fresenius Medical Care US Finance, Inc. 5.75%, 2/15/2021 (b)		11,721,000		12,468,214
HCA, Inc.:
5.00%, 3/15/2024		17,050,000		17,081,969
6.50%, 2/15/2020		42,951,000		48,105,120
7.50%, 2/15/2022		27,050,000		30,904,625
IASIS Healthcare LLC/IASIS Capital Corp. 8.38%, 5/15/2019 (a)		14,161,000		15,116,867
Kindred Healthcare, Inc.:
6.38%, 4/15/2022 (b)		9,230,000		9,253,075
8.25%, 6/1/2019 (a)		7,855,000		8,414,669
LifePoint Hospitals, Inc. 5.50%, 12/1/2021 (a)(b)		9,733,000		10,097,988
MPH Acquisition Holdings LLC 6.63%, 4/1/2022 (b)		7,721,000		7,923,676
Multiplan, Inc. 9.88%, 9/1/2018 (b)		10,436,000		11,323,060
Select Medical Corp. 6.38%, 6/1/2021 (a)		10,150,000		10,302,250
Tenet Healthcare Corp.:
4.38%, 10/1/2021 (a)		17,008,000		16,412,720
6.00%, 10/1/2020 (b)		16,867,000		18,047,690
8.13%, 4/1/2022 (a)		36,864,000		41,195,520
WellCare Health Plans, Inc. 5.75%, 11/15/2020		9,714,000		10,199,700

				450,347,052

HOTELS, RESTAURANTS & LEISURE — 3.0%
Ameristar Casinos, Inc. 7.50%, 4/15/2021		18,018,000		19,504,485
Boyd Gaming Corp. 9.13%, 12/1/2018 (a)		9,650,000		10,460,600
Burger King Corp. 9.88%, 10/15/2018 (c)		11,061,000		12,070,316
Caesars Entertainment Operating Co., Inc.:
9.00%, 2/15/2020		3,850,000		3,455,375
9.00%, 2/15/2020 (a)		16,700,000		14,988,250
10.00%, 12/15/2018 (a)		59,725,000		26,129,687
11.25%, 6/1/2017		41,493,000		39,937,012
GLP Capital LP/GLP Financing II, Inc.:
4.38%, 11/1/2018 (b)		6,114,000		6,274,493
4.88%, 11/1/2020 (b)		13,586,000		13,942,632
5.38%, 11/1/2023 (a)(b)		9,053,000		9,301,958

344

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. 5.63%, 10/15/2021 (b)	$	19,112,000	$	19,972,040
MGM Resorts International:
6.63%, 12/15/2021 (a)		18,441,000		20,285,100
6.75%, 10/1/2020 (a)		13,675,000		15,162,156
7.75%, 3/15/2022 (a)		13,815,000		16,025,400
PNK Finance Corp. 6.38%, 8/1/2021 (b)		10,577,000		11,000,080
Six Flags Entertainment Corp. 5.25%, 1/15/2021 (b)		11,734,000		11,822,005
Station Casinos LLC 7.50%, 3/1/2021		8,835,000		9,552,844
Wynn Las Vegas LLC/ Wynn Las Vegas Capital Corp. 5.38%, 3/15/2022 (a)		16,625,000		17,352,344
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Series 1 7.75%, 8/15/2020		21,588,000		24,016,650
Wynn Macau, Ltd. 5.25%, 10/15/2021 (b)		8,967,000		9,123,923

				310,377,350

HOUSEHOLD DURABLES — 1.0%
Brookfield Residential Properties, Inc.:
6.13%, 7/1/2022 (a)(b)		7,950,000		8,208,375
6.50%, 12/15/2020 (a)(b)		10,445,000		11,123,925
DR Horton, Inc. 3.75%, 3/1/2019		5,115,000		5,127,787
K Hovnanian Enterprises, Inc. 7.25%, 10/15/2020 (b)		8,880,000		9,634,800
Lennar Corp. 4.75%, 11/15/2022 (a)		11,690,000		11,368,525
RSI Home Products, Inc. 6.88%, 3/1/2018 (b)		6,554,000		7,029,165
Shea Homes LP/Shea Homes Funding Corp. 8.63%, 5/15/2019		10,844,000		11,955,510
Spectrum Brands, Inc.:
6.38%, 11/15/2020		8,762,000		9,484,865
6.63%, 11/15/2022 (a)		8,745,000		9,521,119
Standard Pacific Corp. 8.38%, 5/15/2018		7,572,000		8,953,890
Taylor Morrison Communities, Inc./ Monarch Communities, Inc. 5.25%, 4/15/2021 (b)		8,178,000		8,259,780

				100,667,741

HOUSEHOLD PRODUCTS — 0.1%
The Sun Products Corp. 7.75%, 3/15/2021 (a)(b)		17,150,000		14,577,500

INDUSTRIAL CONGLOMERATES — 0.3%
Polymer Group, Inc. 7.75%, 2/1/2019		8,525,000		9,121,750
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. 8.75%, 2/1/2019		22,491,000		24,149,711

				33,271,461

INSURANCE — 0.4%
Hockey Merger Sub 2, Inc. 7.88%, 10/1/2021 (b)		9,515,000		10,157,263
ING US, Inc. 5.65%, 5/15/2053 (d)		15,685,000		15,590,890
Onex USI Aquisition Corp. 7.75%, 1/15/2021 (b)		15,833,000		16,505,902

				42,254,055

INTERNET SOFTWARE & SERVICES — 0.9%
CyrusOne LP/CyrusOne Finance Corp. 6.38%, 11/15/2022 (a)		8,865,000		9,352,575
Equinix, Inc.:
4.88%, 4/1/2020 (a)		9,662,000		9,879,395
5.38%, 4/1/2023 (a)		13,123,000		13,385,460
7.00%, 7/15/2021 (a)		9,190,000		10,246,850
IAC/InterActiveCorp.:
4.75%, 12/15/2022 (a)		7,181,000		7,028,404
4.88%, 11/30/2018		8,415,000		8,783,156
Netflix, Inc. 5.38%, 2/1/2021 (a)		7,322,000		7,688,100
VeriSign, Inc. 4.63%, 5/1/2023		12,422,000		11,925,120
Zayo Group LLC/Zayo Capital, Inc. 8.13%, 1/1/2020		12,750,000		13,993,125

				92,282,185

IT SERVICES — 1.2%
First Data Corp.:
6.75%, 11/1/2020 (a)(b)		28,035,000		30,137,625
8.25%, 1/15/2021 (b)		18,000,000		19,530,000
12.63%, 1/15/2021		61,492,000		73,175,480

				122,843,105

LEISURE PRODUCTS — 0.3%
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp. 5.25%, 3/15/2021		7,470,000		7,563,375
Royal Caribbean Cruises, Ltd. 5.25%, 11/15/2022		9,792,000		10,036,800
Sabre, Inc. 8.50%, 5/15/2019 (b)		14,500,000		16,022,500

				33,622,675

MACHINERY — 1.1%
Amsted Industries, Inc. 5.00%, 3/15/2022 (b)		12,320,000		12,381,600
BlueLine Rental Finance Corp. 7.00%, 2/1/2019 (b)		11,290,000		11,939,175
Cascades, Inc. 7.75%, 12/15/2017		9,255,000		9,648,338
Case New Holland, Inc. 7.88%, 12/1/2017		21,224,000		24,885,140
Gardner Denver, Inc. 6.88%, 8/15/2021 (a)(b)		9,282,000		9,560,460
SPX Corp. 6.88%, 9/1/2017		9,893,000		11,228,555
Terex Corp. 6.00%, 5/15/2021 (a)		13,064,000		13,978,480

345

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

The Manitowoc Co., Inc. 8.50%, 11/1/2020	$	12,823,000	$	14,393,817

				108,015,565

MEDIA — 8.3%
AMC Entertainment, Inc. 9.75%, 12/1/2020 (a)		8,906,000		10,264,165
AMC Networks, Inc.:
4.75%, 12/15/2022		8,200,000		8,159,000
7.75%, 7/15/2021		11,634,000		13,117,335
Cablevision Systems Corp.:
7.75%, 4/15/2018		11,353,000		12,970,802
8.63%, 9/15/2017		12,182,000		14,466,125
CCO Holdings LLC/CCO Holdings Capital Corp.:
5.25%, 9/30/2022 (a)		21,401,000		21,133,487
6.50%, 4/30/2021		22,771,000		24,137,260
7.00%, 1/15/2019 (a)		19,250,000		20,356,875
Cequel Communications Holdings I LLC and Cequel Capital Corp.:
5.13%, 12/15/2021 (b)		9,806,000		9,707,940
6.38%, 9/15/2020 (b)		24,405,000		25,503,225
Cinemark USA, Inc. 4.88%, 6/1/2023 (a)		7,670,000		7,372,788
Clear Channel Communications, Inc.:
9.00%, 12/15/2019		31,320,000		32,886,000
9.00%, 3/1/2021 (a)		34,325,000		35,826,719
Clear Channel Worldwide Holdings, Inc.:
6.50%, 11/15/2022 (a)		13,119,000		13,922,539
6.50%, 11/15/2022		28,454,000		30,410,212
7.63%, 3/15/2020 (a)		28,250,000		30,510,000
CSC Holdings LLC 6.75%, 11/15/2021		16,410,000		18,338,175
Cumulus Media Holdings, Inc. 7.75%, 5/1/2019		9,246,000		9,846,990
DISH DBS Corp.:
5.00%, 3/15/2023 (a)		19,538,000		19,684,535
5.88%, 7/15/2022		28,565,000		30,493,137
6.75%, 6/1/2021		29,341,000		32,861,920
Gannett Co., Inc.:
5.13%, 10/15/2019 (b)		10,150,000		10,619,438
5.13%, 7/15/2020 (a)(b)		13,708,000		14,084,970
6.38%, 10/15/2023 (a)(b)		10,370,000		11,005,163
Griffey Intermediate, Inc./Griffey Finance Sub LLC 7.00%, 10/15/2020 (a)(b)		15,500,000		13,523,750
inVentiv Health, Inc. 9.00%, 1/15/2018 (a)(b)		14,375,000		15,237,500
Lamar Media Corp.:
5.00%, 5/1/2023 (a)(c)		8,657,000		8,657,000
5.38%, 1/15/2024 (a)(b)		4,159,000		4,262,975
5.88%, 2/1/2022 (a)		8,378,000		8,880,680
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance 9.75%, 4/1/2021 (a)(b)		13,100,000		14,868,500
MDC Partners, Inc. 6.75%, 4/1/2020 (b)		10,265,000		10,803,913
Mohegan Tribal Gaming Authority 9.75%, 9/1/2021 (a)		7,820,000		8,719,300
Nara Cable Funding, Ltd. 8.88%, 12/1/2018 (b)		17,140,000		18,661,175
Nexstar Broadcasting, Inc. 6.88%, 11/15/2020 (a)		11,343,000		12,193,725
Nielsen Finance LLC/Nielsen Finance Co.:
4.50%, 10/1/2020 (a)		14,158,000		14,264,185
5.00%, 4/15/2022 (b)		4,260,000		4,270,650
7.75%, 10/15/2018		16,744,000		17,895,150
Quebecor Media, Inc. 5.75%, 1/15/2023		13,200,000		13,233,000
Regal Entertainment Group 5.75%, 3/15/2022		7,267,000		7,485,010
Sinclair Television Group, Inc.:
5.38%, 4/1/2021		10,310,000		10,232,675
6.13%, 10/1/2022 (a)		11,050,000		11,188,125
Sirius XM Holdings, Inc.:
4.25%, 5/15/2020 (b)		1,250,000		1,221,875
5.75%, 8/1/2021 (a)(b)		11,800,000		12,272,000
5.88%, 10/1/2020 (b)		10,467,000		11,016,518
Starz LLC/Starz Finance Corp. 5.00%, 9/15/2019 (a)		7,219,000		7,453,618
The Mcclatchy Co. 9.00%, 12/15/2022		12,648,000		14,719,110
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH 5.50%, 1/15/2023 (b)		16,728,000		17,062,560
Univision Communications, Inc.:
6.75%, 9/15/2022 (b)		15,292,000		16,916,775
6.88%, 5/15/2019 (b)		17,785,000		19,118,875
8.50%, 5/15/2021 (a)(b)		16,318,000		18,072,185
Videotron, Ltd.:
5.00%, 7/15/2022 (a)		12,989,000		13,021,472
5.38%, 6/15/2024 (b)		9,235,000		9,281,175
Virgin Media Secured Finance PLC 6.50%, 1/15/2018		12,058,000		12,495,102
Visant Corp. 10.00%, 10/1/2017		17,357,000		17,291,911
WideOpenWest Finance LLC/ WideOpenWest Capital Corp. 10.25%, 7/15/2019		12,528,000		14,219,280
WMG Acquisition Corp. 6.75%, 4/15/2022 (b)		15,250,000		15,345,312

				851,563,881

METALS & MINING — 4.0%
AK Steel Corp. 7.63%, 5/15/2020 (a)		14,518,000		14,481,705
Aleris International, Inc.:
7.63%, 2/15/2018		9,365,000		9,669,363
7.88%, 11/1/2020		9,465,000		9,748,950
ArcelorMittal:
6.00%, 3/1/2021 (a)		20,489,000		21,846,396
7.50%, 10/15/2039 (a)		23,665,000		24,463,694
10.35%, 6/1/2019 (a)		24,842,000		31,456,182
Edgen Murray Corp. 8.75%, 11/1/2020 (b)		1,444,000		1,667,820
Eldorado Gold Corp. 6.13%, 12/15/2020 (b)		11,425,000		11,425,000
Ferrexpo Finance PLC 7.88%, 4/7/2016 (b)		1,500,000		1,440,000

346

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

First Quantum Minerals, Ltd.:
6.75%, 2/15/2020 (b)	$	21,334,000	$	21,600,675
7.00%, 2/15/2021 (b)		21,884,000		22,266,970
FMG Resources August 2006 Pty, Ltd.:
6.00%, 4/1/2017 (a)(b)		21,250,000		22,365,625
8.25%, 11/1/2019 (a)(b)		28,850,000		31,735,000
HudBay Minerals, Inc.:
9.50%, 10/1/2020 (b)		1,000,000		1,070,000
9.50%, 10/1/2020 (a)		10,677,000		11,424,390
IAMGOLD Corp. 6.75%, 10/1/2020 (b)		16,295,000		14,502,550
JMC Steel Group 8.25%, 3/15/2018 (b)		26,718,000		27,319,155
KGHM International, Ltd. 7.75%, 6/15/2019 (a)(b)		5,960,000		6,287,800
Molycorp, Inc. 10.00%, 6/1/2020 (a)		15,550,000		15,394,500
New Gold, Inc. 6.25%, 11/15/2022 (b)		3,715,000		3,770,725
Novelis, Inc.:
8.38%, 12/15/2017 (a)		16,136,000		17,265,520
8.75%, 12/15/2020 (a)		21,951,000		24,530,242
Ryerson, Inc./Joseph T Ryerson & Son, Inc. 9.00%, 10/15/2017		14,275,000		15,399,156
Schaeffler Finance BV:
4.75%, 5/15/2021 (b)		13,395,000		13,696,388
7.75%, 2/15/2017 (b)		15,421,000		17,502,835
United States Steel Corp. 7.38%, 4/1/2020 (a)		8,555,000		9,346,338
Wise Metals Group LLC/Wise Alloys Finance Corp. 8.75%, 12/15/2018 (b)		4,582,000		4,914,195

				406,591,174

MULTILINE RETAIL — 0.6%
Neiman Marcus Group, Ltd.:
8.00%, 10/15/2021 (a)(b)		14,169,000		15,568,189
8.75%, 10/15/2021 (a)(b)		7,458,000		8,241,090
Sears Holdings Corp. 6.63%, 10/15/2018 (a)		24,600,000		22,386,000
SUPERVALU, Inc. 8.00%, 5/1/2016 (a)		9,367,000		10,327,117

				56,522,396

OIL, GAS & CONSUMABLE FUELS — 17.2%
Access Midstream Partners LP/ACMP Finance Corp.:
4.88%, 5/15/2023		20,816,000		20,972,120
5.88%, 4/15/2021		11,117,000		11,839,605
6.13%, 7/15/2022		12,823,000		13,800,754
Alpha Natural Resources, Inc.:
6.00%, 6/1/2019 (a)		18,484,000		14,186,470
6.25%, 6/1/2021 (a)		16,190,000		12,182,975
9.75%, 4/15/2018 (a)		9,780,000		9,413,250
Antero Resources Finance Corp.:
5.38%, 11/1/2021 (a)(b)		11,220,000		11,388,300
6.00%, 12/1/2020 (a)		9,637,000		10,251,359
Arch Coal, Inc.:
7.00%, 6/15/2019 (a)		23,055,000		17,809,987
7.25%, 10/1/2020 (a)		2,200,000		1,683,000
7.25%, 6/15/2021 (a)		21,776,000		16,440,880
Athlon Holdings LP/ Athlon Finance Corp. 7.38%, 4/15/2021 (b)		8,250,000		8,786,250
Atlas Pipeline Partners LP/Atlas Pipeline Finance Corp.:
5.88%, 8/1/2023 (a)		12,543,000		12,386,212
6.63%, 10/1/2020		1,000,000		1,065,000
Atwood Oceanics, Inc. 6.50%, 2/1/2020		9,475,000		10,185,625
Bonanza Creek Energy, Inc. 6.75%, 4/15/2021		9,755,000		10,413,463
BreitBurn Energy Partners LP/BreitBurn Finance Corp. 7.88%, 4/15/2022 (a)		11,240,000		12,167,300
Calumet Specialty Products Partners LP/Calumet Finance Corp. 6.50%, 4/15/2021 (b)		12,810,000		12,906,075
Carrizo Oil & Gas, Inc. 8.63%, 10/15/2018		8,663,000		9,291,068
Chaparral Energy, Inc. 7.63%, 11/15/2022		11,120,000		12,037,400
Chesapeake Energy Corp.:
5.75%, 3/15/2023 (a)		14,950,000		15,828,312
6.63%, 8/15/2020 (a)		20,681,000		23,214,422
9.50%, 2/15/2015		17,350,000		18,499,437
Cie Generale de Geophysique — Veritas 6.50%, 6/1/2021 (a)		11,575,000		11,748,625
Cimarex Energy Co. 5.88%, 5/1/2022		10,239,000		11,109,315
Concho Resources, Inc.:
5.50%, 4/1/2023		24,099,000		25,062,960
6.50%, 1/15/2022 (a)		9,527,000		10,384,430
7.00%, 1/15/2021 (a)		7,737,000		8,530,043
Connacher Oil and Gas, Ltd. 8.50%, 8/1/2019 (a)(b)		12,390,000		9,912,000
Consol Energy, Inc.:
8.00%, 4/1/2017		22,001,000		22,963,544
8.25%, 4/1/2020		17,267,000		18,756,279
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.:
6.00%, 12/15/2020		5,853,000		6,131,018
6.13%, 3/1/2022 (a)(b)		3,986,000		4,165,370
CVR Refining LLC/Coffeyville Finance, Inc. 6.50%, 11/1/2022		7,900,000		8,314,750
DCP Midstream LLC 5.85%, 5/21/2043 (b)(d)		9,050,000		8,507,000
Denbury Resources, Inc.:
4.63%, 7/15/2023 (a)		18,440,000		17,149,200
8.25%, 2/15/2020		15,186,000		16,514,775
Drill Rigs Holdings, Inc. 6.50%, 10/1/2017 (b)		16,514,000		17,215,845
Eagle Rock Energy Partners LP/Eagle Rock Energy Finance Corp. 8.38%, 6/1/2019		12,777,000		13,863,045
Energy Transfer Equity LP 7.50%, 10/15/2020		16,470,000		18,837,562

347

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Energy XXI Gulf Coast, Inc.:
7.50%, 12/15/2021 (b)	$	6,811,000	$	7,134,523
9.25%, 12/15/2017		11,729,000		12,755,287
EP Energy LLC/EP Energy Finance, Inc. 9.38%, 5/1/2020		27,965,000		32,334,531
EP Energy LLC/Everest Acquisition Finance, Inc. 6.88%, 5/1/2019		14,140,000		15,271,200
EPL Oil & Gas, Inc. 8.25%, 2/15/2018		1,060,000		1,147,450
EV Energy Partners LP/EV Energy Finance Corp. 8.00%, 4/15/2019 (c)		8,850,000		9,159,750
EXCO Resources, Inc. 7.50%, 9/15/2018		22,425,000		22,537,125
Expro Finance Luxembourg SCA 8.50%, 12/15/2016 (a)(b)		16,172,000		16,919,955
Foresight Energy LLC/Foresight Energy Corp. 7.88%, 8/15/2021 (a)(b)		9,709,000		10,170,178
Gibson Energy, Inc. 6.75%, 7/15/2021 (b)		6,100,000		6,542,250
Halcon Resources Corp.:
8.88%, 5/15/2021 (a)		27,363,000		28,389,112
9.75%, 7/15/2020 (a)		14,953,000		16,111,857
Harvest Operations Corp. 6.88%, 10/1/2017		8,405,000		9,077,400
Hiland Partners LP/Hiland Partners Finance Corp. 7.25%, 10/1/2020 (b)		12,601,000		13,703,587
Jones Energy Holdings LLC/Jones Energy Finance Corp. 6.75%, 4/1/2022 (b)		3,695,000		3,764,281
Key Energy Services, Inc. 6.75%, 3/1/2021 (a)		11,721,000		12,321,701
Kinder Morgan Finance Co. LLC 6.00%, 1/15/2018 (b)		9,622,000		10,415,815
Kinder Morgan, Inc.:
5.00%, 2/15/2021 (b)		10,712,000		10,727,147
5.63%, 11/15/2023 (b)		13,429,000		13,281,429
Kodiak Oil & Gas Corp. 8.13%, 12/1/2019		9,763,000		10,824,726
Laredo Petroleum, Inc.:
7.38%, 5/1/2022		10,650,000		11,821,500
9.50%, 2/15/2019		6,506,000		7,180,998
Lightstream Resources, Ltd. 8.63%, 2/1/2020 (b)		30,500,000		30,500,000
Linn Energy LLC/Linn Energy Finance Corp.:
7.00%, 11/1/2019 (a)(b)		26,460,000		27,584,550
7.75%, 2/1/2021		13,500,000		14,512,500
8.63%, 4/15/2020		20,091,000		21,823,849
Magnum Hunter Resources Corp. 9.75%, 5/15/2020		11,750,000		13,013,125
MarkWest Energy Partners LP/MarkWest Energy Finance Corp.:
4.50%, 7/15/2023 (a)		14,000,000		13,475,000
5.50%, 2/15/2023		11,690,000		12,011,475
6.75%, 11/1/2020		9,138,000		9,891,885
MEG Energy Corp.:
6.38%, 1/30/2023 (b)		17,008,000		17,603,280
6.50%, 3/15/2021 (b)		10,275,000		10,814,438
7.00%, 3/31/2024 (b)		11,300,000		11,949,750
Midstates Petroleum Co, Inc./Midstates Petroleum Co. LLC:
9.25%, 6/1/2021 (a)		17,610,000		18,402,450
10.75%, 10/1/2020 (a)		13,245,000		14,635,725
Murphy Oil USA, Inc. 6.00%, 8/15/2023 (b)		5,810,000		5,998,825
Newfield Exploration Co.:
5.63%, 7/1/2024		11,499,000		11,930,212
5.75%, 1/30/2022 (a)		12,574,000		13,359,875
6.88%, 2/1/2020		9,615,000		10,239,975
NGPL PipeCo LLC 9.63%, 6/1/2019 (a)(b)		12,650,000		13,503,875
Niska Gas Storage Canada ULC/Niska Gas Storage Canada Finance Corp. 6.50%, 4/1/2019 (b)		14,105,000		13,893,425
Northern Oil and Gas, Inc. 8.00%, 6/1/2020		7,830,000		8,319,375
Oasis Petroleum, Inc. 6.88%, 3/15/2022 (a)(b)		4,147,000		4,489,128
Ocean Rig UDW, Inc. 7.25%, 4/1/2019 (a)(b)		10,615,000		10,601,731
Offshore Group Investment, Ltd.:
7.13%, 4/1/2023 (a)		14,722,000		14,979,635
7.50%, 11/1/2019		19,290,000		20,543,850
Oil States International, Inc. 6.50%, 6/1/2019		11,768,000		12,385,820
Pacific Drilling SA 5.38%, 6/1/2020 (a)(b)		14,495,000		14,386,287
Pacific Drilling V, Ltd. 7.25%, 12/1/2017 (b)		8,400,000		9,072,000
PBF Holding Co. LLC/ PBF Finance Corp. 8.25%, 2/15/2020		9,940,000		10,784,900
PDC Energy, Inc. 7.75%, 10/15/2022		3,155,000		3,454,725
Peabody Energy Corp.:
6.00%, 11/15/2018 (a)		21,110,000		22,139,112
6.25%, 11/15/2021 (a)		19,500,000		19,548,750
6.50%, 9/15/2020 (a)		11,824,000		12,208,280
Penn Virginia Corp. 8.50%, 5/1/2020		11,790,000		13,116,375
Precision Drilling Corp. 6.63%, 11/15/2020		9,933,000		10,628,310
QEP Resources, Inc.:
5.25%, 5/1/2023 (a)		10,478,000		10,425,610
5.38%, 10/1/2022 (a)		7,578,000		7,615,890
6.88%, 3/1/2021 (a)		9,371,000		10,308,100
Range Resources Corp.:
5.00%, 8/15/2022		8,873,000		9,050,460
5.00%, 3/15/2023		9,551,000		9,670,388
6.75%, 8/1/2020		8,179,000		8,833,320
Regency Energy Partners LP/Regency Energy Finance Corp.:
4.50%, 11/1/2023		8,950,000		8,323,500

348

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.50%, 4/15/2023 (a)	$	12,586,000	$	12,680,395
5.88%, 3/1/2022		8,295,000		8,606,063
6.88%, 12/1/2018		1,000,000		1,063,750
Rockies Express Pipeline LLC:
5.63%, 4/15/2020 (b)(c)		19,300,000		18,914,000
6.00%, 1/15/2019 (b)		10,820,000		10,901,150
6.88%, 4/15/2040 (b)		9,850,000		8,889,625
Rosetta Resources, Inc.:
5.63%, 5/1/2021		12,419,000		12,698,427
5.88%, 6/1/2022		5,200,000		5,317,000
Sabine Pass Liquefaction LLC:
5.63%, 2/1/2021 (a)		30,909,000		31,874,906
5.63%, 4/15/2023 (a)		15,596,000		15,518,020
6.25%, 3/15/2022 (a)(b)		13,733,000		14,316,652
Samson Investment Co. 10.50%, 2/15/2020 (a)(b)		41,050,000		44,744,500
Sanchez Energy Corp. 7.75%, 6/15/2021 (b)		4,520,000		4,825,100
SandRidge Energy, Inc.:
7.50%, 3/15/2021 (a)		14,675,000		15,665,562
7.50%, 2/15/2023 (a)		9,750,000		10,335,000
8.13%, 10/15/2022 (a)		12,918,000		14,080,620
SESI LLC:
6.38%, 5/1/2019		8,678,000		9,242,070
7.13%, 12/15/2021		7,862,000		8,766,130
Seven Generations Energy, Ltd. 8.25%, 5/15/2020 (b)		10,225,000		11,196,375
SM Energy Co. 5.00%, 1/15/2024 (b)		8,433,000		8,201,093
Stone Energy Corp. 7.50%, 11/15/2022		10,795,000		11,685,588
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
4.25%, 11/15/2023 (a)(b)		8,725,000		8,092,438
5.25%, 5/1/2023		10,741,000		10,633,590
Tesoro Logistics LP/Tesoro Logistics Finance Corp. 6.13%, 10/15/2021		7,168,000		7,598,080
Tullow Oil PLC 6.00%, 11/1/2020 (a)(b)		9,464,000		9,605,960
Unit Corp. 6.63%, 5/15/2021		13,800,000		14,628,000
Vanguard Natural Resources LLC/VNR Finance Corp. 7.88%, 4/1/2020 (a)		8,745,000		9,422,738
Venoco, Inc. 8.88%, 2/15/2019		14,000,000		14,140,000
W&T Offshore, Inc. 8.50%, 6/15/2019 (a)		13,031,000		14,073,480
Walter Energy, Inc. 9.50%, 10/15/2019 (b)		2,500,000		2,543,750
Whiting Petroleum Corp.:
5.00%, 3/15/2019		22,516,000		23,810,670
5.75%, 3/15/2021 (a)		13,455,000		14,464,125
WPX Energy, Inc. 6.00%, 1/15/2022 (a)		15,320,000		15,703,000

				1,757,774,444

PAPER & FOREST PRODUCTS — 0.1%
Resolute Forest Products, Inc. 5.88%, 5/15/2023 (b)		9,182,000		8,952,450

PERSONAL PRODUCTS — 0.2%
First Quality Finance Co., Inc. 4.63%, 5/15/2021 (b)		8,333,000		8,103,843
Revlon Consumer Products Corp. 5.75%, 2/15/2021		8,830,000		8,874,150

				16,977,993

PHARMACEUTICALS — 2.1%
Catamaran Corp. 4.75%, 3/15/2021 (a)		2,310,000		2,341,763
ConvaTec Healthcare E SA 10.50%, 12/15/2018 (b)		16,430,000		18,278,375
Endo Finance Co. 5.75%, 1/15/2022 (a)(b)		6,700,000		6,867,500
Endo Health Solutions, Inc. 7.00%, 7/15/2019		8,677,000		9,349,468
Forest Laboratories, Inc.:
4.38%, 2/1/2019 (b)		8,934,000		9,403,035
4.88%, 2/15/2021 (b)		17,000,000		17,977,500
5.00%, 12/15/2021 (b)		14,076,000		14,885,370
Grifols Worldwide Operations, Ltd. 5.25%, 4/1/2022 (b)		15,265,000		15,608,462
Hospira, Inc. 5.60%, 9/15/2040		1,219,000		1,226,338
NBTY, Inc. 9.00%, 10/1/2018		11,502,000		12,364,650
Salix Pharmaceuticals, Ltd. 6.00%, 1/15/2021 (a)(b)		10,740,000		11,464,950
Valeant Pharmaceuticals International, Inc.:
6.38%, 10/15/2020 (b)		33,908,000		36,620,640
6.75%, 8/15/2018 (b)		26,875,000		29,562,500
7.50%, 7/15/2021 (b)		23,295,000		26,206,875

				212,157,426

REAL ESTATE INVESTMENT TRUSTS — 0.4%
DuPont Fabros Technology LP 5.88%, 9/15/2021		9,641,000		10,195,357
Felcor Lodging LP:
5.63%, 3/1/2023		10,226,000		10,353,825
6.75%, 6/1/2019		8,766,000		9,412,493
The Howard Hughes Corp. 6.88%, 10/1/2021 (b)		9,340,000		10,087,200

				40,048,875

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.4%
CBRE Services, Inc. 5.00%, 3/15/2023 (a)		14,293,000		14,310,867
Realogy Group LLC:
7.63%, 1/15/2020 (b)		8,820,000		9,812,250
7.88%, 2/15/2019 (a)(b)		11,135,000		12,011,881
The Realogy Group LLC/Sunshine Group Florida Ltd. 3.38%, 5/1/2016 (b)		7,173,000		7,208,865

				43,343,863

ROAD & RAIL — 0.3%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 8.25%, 1/15/2019		8,934,000		9,581,715

349

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CHC Helicopter SA 9.25%, 10/15/2020 (a)	$	21,138,300	$	22,961,478

				32,543,193

SEMICONDUCTORS — 1.0%
Advanced Micro Devices, Inc.:
6.75%, 3/1/2019 (b)		7,035,000		7,061,381
7.75%, 8/1/2020 (a)		14,550,000		14,913,750
Amkor Technology, Inc. 6.38%, 10/1/2022		8,900,000		9,222,625
Freescale Semiconductor, Inc.:
5.00%, 5/15/2021 (a)(b)		10,150,000		10,353,000
6.00%, 1/15/2022 (b)		22,223,000		23,584,159
8.05%, 2/1/2020		4,765,000		5,235,544
Sensata Technologies BV:
4.88%, 10/15/2023 (b)		11,540,000		11,338,050
6.50%, 5/15/2019 (b)		9,390,000		10,059,037
STATS ChipPAC, Ltd. 4.50%, 3/20/2018 (b)		8,903,000		8,947,515

				100,715,061

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.1%
Micron Technology, Inc. 5.88%, 2/15/2022 (a)(b)		6,920,000		7,248,700

SOFTWARE — 1.5%
Activision Blizzard, Inc.:
5.63%, 9/15/2021 (b)		22,187,000		23,740,090
6.13%, 9/15/2023 (a)(b)		16,900,000		18,399,875
Audatex North America, Inc. 6.00%, 6/15/2021 (b)		20,839,000		22,245,632
BMC Software Finance, Inc. 8.13%, 7/15/2021 (a)(b)		31,114,000		32,747,485
Healthcare Technology Intermediate, Inc. 7.38%, 9/1/2018 (b)		14,762,000		15,057,240
IMS Health, Inc.:
6.00%, 11/1/2020 (b)		7,941,000		8,357,903
12.50%, 3/1/2018 (b)		12,840,000		14,637,600
Nuance Communications, Inc. 5.38%, 8/15/2020 (b)		17,233,000		17,146,835
Sophia LP/Sophia Finance, Inc. 9.75%, 1/15/2019 (b)(c)		3,987,000		4,425,570

				156,758,230

SPECIALTY RETAIL — 3.3%
AmeriGas Finance LLC/AmeriGas Finance Corp.:
6.75%, 5/20/2020		10,839,000		11,733,217
7.00%, 5/20/2022		11,730,000		12,815,025
Best Buy Co., Inc.:
5.00%, 8/1/2018		8,094,000		8,387,408
5.50%, 3/15/2021 (a)		9,608,000		9,632,020
Chinos Intermediate Holdings A, Inc. 7.75%, 5/1/2019 (b)		7,746,000		7,997,745
Claire’s Stores, Inc. 9.00%, 3/15/2019 (b)		22,660,000		23,538,075
CST Brands, Inc. 5.00%, 5/1/2023		7,670,000		7,535,775
DineEquity, Inc. 9.50%, 10/30/2018 (a)		10,220,000		11,139,800
Dufry Finance SCA 5.50%, 10/15/2020 (b)		12,725,000		13,256,396
Ferrellgas LP/Ferrellgas Finance Corp. 6.50%, 5/1/2021 (a)		6,825,000		7,149,188
Guitar Center, Inc. 6.50%, 4/15/2019 (b)		6,555,000		6,514,031
L Brands, Inc.:
5.63%, 2/15/2022		16,175,000		17,084,844
6.63%, 4/1/2021		13,603,000		15,286,371
8.50%, 6/15/2019 (c)		9,160,000		11,083,600
Landry’s, Inc. 9.38%, 5/1/2020 (b)		10,149,000		11,176,586
Michaels FinCo Holdings LLC/Michaels FinCo, Inc. 7.50%, 8/1/2018 (b)		10,525,000		10,840,750
Michaels Stores, Inc. 7.75%, 11/1/2018		14,035,000		14,999,906
New Academy Finance Co. LLC/New Academy Finance Corp. PIK 8.00%, 6/15/2018 (b)		8,099,000		8,291,351
Party City Holdings, Inc. 8.88%, 8/1/2020		12,114,000		13,491,967
Penske Automotive Group, Inc. 5.75%, 10/1/2022		7,974,000		8,332,830
Petco Animal Supplies, Inc. 9.25%, 12/1/2018 (b)		7,000,000		7,525,000
Petco Holdings, Inc. PIK 8.50%, 10/15/2017 (a)(b)		6,780,000		6,907,261
Rite Aid Corp.:
6.75%, 6/15/2021 (a)		11,150,000		12,069,875
8.00%, 8/15/2020		12,767,000		14,171,370
9.25%, 3/15/2020		12,276,000		14,009,985
Sally Holdings LLC/Sally Capital, Inc.:
5.75%, 6/1/2022 (a)		8,563,000		9,055,373
6.88%, 11/15/2019 (c)		14,888,000		16,302,360
Serta Simmons Holdings LLC 8.13%, 10/1/2020 (a)(b)		10,900,000		11,976,375
Toys R Us Property Co. II LLC 8.50%, 12/1/2017 (a)		11,240,000		11,450,750

				333,755,234

STORAGE/WAREHOUSING — 0.3%
Algeco Scotsman Global Finance PLC:
8.50%, 10/15/2018 (a)(b)		15,315,000		16,731,638
10.75%, 10/15/2019 (a)(b)		15,354,000		17,004,555

				33,736,193

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.1%
Dell, Inc. 5.88%, 6/15/2019 (a)		13,900,000		14,317,000
iGate Corp. 9.00%, 5/1/2016 (a)		11,882,000		12,476,100
Infor US, Inc.:
9.38%, 4/1/2019		16,949,000		19,088,811
11.50%, 7/15/2018		8,950,000		10,359,625
NCR Corp.:
4.63%, 2/15/2021		7,323,000		7,359,615

350

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.00%, 7/15/2022 (a)	$	9,573,000	$	9,584,966
6.38%, 12/15/2023 (a)(b)		4,421,000		4,697,313
SunGard Data Systems, Inc.:
6.63%, 11/1/2019		18,800,000		19,881,000
7.38%, 11/15/2018		4,571,000		4,845,260
7.63%, 11/15/2020		10,785,000		11,823,056

				114,432,746

TEXTILES, APPAREL & LUXURY GOODS — 0.4%
Hanesbrands, Inc. 6.38%, 12/15/2020		14,634,000		15,987,645
Levi Strauss & Co.:
6.88%, 5/1/2022 (a)		8,375,000		9,191,562
7.63%, 5/15/2020		7,038,000		7,645,028
PVH Corp. 4.50%, 12/15/2022 (a)		9,378,000		9,260,775

				42,085,010

THRIFTS & MORTGAGE FINANCE — 0.1%
Globe Luxembourg SCA 9.63%, 5/1/2018 (b)		8,143,000		8,896,228

TOBACCO — 0.2%
Alliance One International, Inc. 9.88%, 7/15/2021 (a)		17,970,000		18,374,325

TRADING COMPANIES & DISTRIBUTORS — 0.8%
Jurassic Holdings III, Inc. 6.88%, 2/15/2021 (b)		8,747,000		9,009,410
Stena AB 7.00%, 2/1/2024 (a)(b)		12,000,000		12,210,000
United Rentals North America, Inc.:
5.75%, 11/15/2024		9,000,000		9,067,500
6.13%, 6/15/2023 (c)		11,890,000		12,603,400
7.63%, 4/15/2022		17,045,000		19,111,706
8.38%, 9/15/2020		13,820,000		15,305,650
WESCO Distribution, Inc. 5.38%, 12/15/2021 (b)		7,925,000		8,103,313

				85,410,979

TRANSPORTATION INFRASTRUCTURE — 0.3%
Gulfmark Offshore, Inc. 6.38%, 3/15/2022		7,500,000		7,762,500
Navios Maritime Acquisition Corp./Navios Acquisition Finance US, Inc. 8.13%, 11/15/2021 (b)		3,317,000		3,457,973
Navios Maritime Holdings, Inc./Navios Maritime Finance US, Inc. 7.38%, 1/15/2022 (b)		6,943,000		7,099,217
Swift Services Holdings, Inc. 10.00%, 11/15/2018 (a)		7,000,000		7,691,250

				26,010,940

WIRELESS TELECOMMUNICATION SERVICES — 3.8%
Avaya, Inc.:
7.00%, 4/1/2019 (b)		18,983,000		18,840,627
10.50%, 3/1/2021 (a)(b)		29,797,000		27,636,717
CommScope Holding Co., Inc. PIK 6.63%, 6/1/2020 (b)		8,460,000		8,946,450
Crown Castle International Corp.:
5.25%, 1/15/2023 (a)		23,244,000		23,621,715
7.13%, 11/1/2019		10,090,000		10,733,238
Millicom International Cellular SA:
4.75%, 5/22/2020 (b)		5,500,000		5,376,250
6.63%, 10/15/2021 (a)(b)		7,792,000		8,240,040
Nokia OYJ:
5.38%, 5/15/2019 (a)		14,691,000		15,462,278
6.63%, 5/15/2039		7,985,000		8,184,625
Sprint Communications, Inc.:
6.00%, 11/15/2022 (a)		4,904,000		4,995,950
9.00%, 11/15/2018 (b)		49,735,000		60,801,037
Sprint Corp.:
7.13%, 6/15/2024 (a)(b)		34,191,000		35,900,550
7.88%, 9/15/2023 (b)		57,119,000		62,830,900
T-Mobile USA, Inc.:
6.25%, 4/1/2021 (a)		24,303,000		25,700,422
6.46%, 4/28/2019 (c)		17,580,000		18,810,600
6.63%, 4/1/2023 (a)		28,950,000		30,687,000
Telecom Italia Capital SA 7.18%, 6/18/2019		14,250,000		16,334,063

				383,102,462

TOTAL CORPORATE BONDS & NOTES —
(Cost $9,844,614,228)				9,990,861,155

	Shares
SHORT TERM INVESTMENTS — 8.3%
MONEY MARKET FUNDS — 8.3%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		758,338,685		758,338,685
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		88,682,570		88,682,570

TOTAL SHORT TERM INVESTMENTS — (h)
(Cost $847,021,255)				847,021,255

TOTAL INVESTMENTS — 106.2% (i)
(Cost $10,691,635,483)				10,837,882,410
OTHER ASSETS & LIABILITIES — (6.2)%				(634,334,432	)

NET ASSETS — 100.0%			$	10,203,547,978

351

SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


(a)		A portion of the security was on loan at March 31, 2014.
(b)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 38.3% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(d)		Variable rate security. Rate shown is rate in effect at March 31, 2014. Maturity date disclosed is the ultimate maturity.
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(i)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PIK = Payment in Kind

PLC = Public Limited Company

SCA = Societe en Commandite par Actions

ULC = Unlimited Liability Corporation

352

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 96.3%
AEROSPACE & DEFENSE — 1.8%
Aviation Capital Group Corp. 3.88%, 9/27/2016 (a)	$	6,085,000	$	6,303,372
Bombardier, Inc.:
4.25%, 1/15/2016 (a)(b)		6,325,000		6,578,000
4.75%, 4/15/2019 (a)		3,355,000		3,355,000
7.50%, 3/15/2018 (a)(b)		7,475,000		8,428,063
Huntington Ingalls Industries, Inc. 6.88%, 3/15/2018		8,906,000		9,573,950
Kratos Defense & Security Solutions, Inc. 10.00%, 6/1/2017		12,050,000		12,742,875
Sequa Corp. 7.00%, 12/15/2017 (a)(b)		9,327,500		9,444,094
TransDigm, Inc. 7.75%, 12/15/2018 (b)		9,150,000		9,813,375
Triumph Group, Inc. 8.63%, 7/15/2018		4,475,000		4,743,500

				70,982,229

AIRLINES — 0.7%
Continental Airlines 2012-3 Pass Through Trust, Class C 6.13%, 4/29/2018 (b)(c)		7,900,000		8,324,625
Continental Airlines, Inc. 6.75%, 9/15/2015 (a)(b)		6,960,000		7,099,200
US Airways Group, Inc. 6.13%, 6/1/2018 (b)		10,151,000		10,671,239

				26,095,064

AUTO COMPONENTS — 1.4%
Chassix, Inc. 9.25%, 8/1/2018 (a)(c)		2,824,000		3,035,800
Cooper-Standard Automotive, Inc. 8.50%, 5/1/2018		5,242,000		5,491,047
Dana Holding Corp. 6.50%, 2/15/2019		7,850,000		8,379,875
Jaguar Land Rover Automotive PLC 4.13%, 12/15/2018 (a)(b)		12,400,000		12,694,500
Pittsburgh Glass Works LLC 8.00%, 11/15/2018 (a)(b)(c)		5,017,000		5,455,988
Schaeffler Holding Finance BV 6.88%, 8/15/2018 (a)		12,750,000		13,562,812
UCI International, Inc. 8.63%, 2/15/2019		5,000,000		4,850,000

				53,470,022

AUTOMOBILES — 0.5%
General Motors Co. 3.50%, 10/2/2018 (a)		18,751,000		19,102,581

BANKS — 2.8%
CIT Group, Inc.:
3.88%, 2/19/2019		3,540,000		3,578,735
4.25%, 8/15/2017 (b)		12,638,000		13,238,305
4.75%, 2/15/2015 (a)(b)(c)		12,736,000		13,086,240
5.00%, 5/15/2017 (b)		5,150,000		5,504,063
5.25%, 4/1/2014 (a)(b)		6,150,000		6,150,000
5.25%, 3/15/2018 (b)		12,550,000		13,491,250
5.50%, 2/15/2019 (a)		3,000,000		3,232,500
6.63%, 4/1/2018 (a)		11,146,000		12,469,587
Dresdner Bank AG/New York NY 7.25%, 9/15/2015		5,370,000		5,745,900
Royal Bank of Scotland Group PLC:
4.70%, 7/3/2018 (b)		8,125,000		8,350,721
5.00%, 10/1/2014 (b)		9,799,000		9,933,511
Sophia Holding Finance LP/Sophia Holding Finance, Inc. 9.63%, 12/1/2018 (a)		5,920,000		6,201,200
Synovus Financial Corp. 5.13%, 6/15/2017 (b)		8,865,000		9,286,087

				110,268,099

BEVERAGES — 0.9%
Constellation Brands, Inc.:
7.25%, 9/1/2016		7,905,000		8,912,887
7.25%, 5/15/2017 (b)		8,685,000		10,074,600
8.38%, 12/15/2014		4,280,000		4,483,300
Cott Beverages, Inc. 8.13%, 9/1/2018		9,800,000		10,400,250

				33,871,037

BIOTECHNOLOGY — 0.2%
STHI Holding Corp. 8.00%, 3/15/2018 (a)		6,025,000		6,386,500

BUILDING PRODUCTS — 2.8%
Associated Materials LLC 9.13%, 11/1/2017		14,460,000		15,219,150
Building Materials Corp. of America 6.88%, 8/15/2018 (a)		7,468,000		7,841,400
Calcipar SA 6.88%, 5/1/2018 (a)(b)		5,840,000		6,219,600
Euramax International, Inc. 9.50%, 4/1/2016		5,248,000		5,300,480
Griffon Corp. 7.13%, 4/1/2018		1,638,000		1,726,452
Hanson PLC 6.13%, 8/15/2016		7,660,000		8,416,425
Interline Brands, Inc. 10.00%, 11/15/2018 (b)		7,375,000		8,020,312
Jeld-Wen Escrow Corp. 12.25%, 10/15/2017 (a)		10,290,000		11,421,900
Lafarge SA:
6.20%, 7/9/2015 (a)(c)		4,995,000		5,282,213
6.50%, 7/15/2016		5,991,000		6,590,100
Masco Corp.:
4.80%, 6/15/2015		2,260,000		2,344,750
6.13%, 10/3/2016		8,626,000		9,467,035
USG Corp.:
6.30%, 11/15/2016 (b)		4,148,000		4,490,210
8.38%, 10/15/2018 (a)		8,005,000		8,545,337
9.75%, 1/15/2018 (b)		8,610,000		10,396,575

				111,281,939

CAPITAL MARKETS — 0.5%
American Capital, Ltd. 6.50%, 9/15/2018 (a)		3,640,000		3,858,400
E*TRADE Financial Corp.:
6.00%, 11/15/2017 (b)		4,575,000		4,809,469
6.75%, 6/1/2016		9,028,000		9,772,810

				18,440,679

353

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CHEMICALS — 2.5%
Ashland, Inc.:
3.00%, 3/15/2016 (b)	$	5,715,000	$	5,829,300
3.88%, 4/15/2018		12,740,000		13,154,050
Celanese US Holdings LLC 6.63%, 10/15/2018		2,000,000		2,112,000
Hexion US Finance Corp./Hexion Nova Scotia Finance ULC 8.88%, 2/1/2018 (b)		17,150,000		17,836,000
Ineos Finance PLC 8.38%, 2/15/2019 (a)(b)(c)		13,150,000		14,530,750
Ineos Group Holdings SA:
5.88%, 2/15/2019 (a)(b)		9,495,000		9,696,769
6.13%, 8/15/2018 (a)(b)		9,148,000		9,491,050
Kraton Polymers LLC/Kraton Polymers Capital Corp. 6.75%, 3/1/2019		415,000		440,937
Momentive Performance Materials, Inc. 11.50%, 12/1/2016		3,660,000		1,198,650
Perstorp Holding AB:
8.75%, 5/15/2017 (a)		5,500,000		5,885,000
11.00%, 8/15/2017 (a)(b)		5,680,000		6,091,800
PQ Corp. 8.75%, 5/1/2018 (a)(b)		9,550,000		10,433,375
Rain CII Carbon LLC/CII Carbon Corp. 8.00%, 12/1/2018 (a)		2,500,000		2,612,500

				99,312,181

COMMERCIAL SERVICES — 0.6%
Ceridian Corp. 11.25%, 11/15/2015 (b)		7,550,000		7,606,625
National Money Mart Co. 10.38%, 12/15/2016 (b)		12,030,000		12,090,150
RR Donnelley & Sons Co. 7.25%, 5/15/2018 (b)		4,442,000		5,163,825

				24,860,600

COMMERCIAL SERVICES & SUPPLIES — 3.1%
Ahern Rentals, Inc. 9.50%, 6/15/2018 (a)(b)		5,748,000		6,358,725
Cenveo Corp. 8.88%, 2/1/2018		5,800,000		5,916,000
DynCorp International, Inc. 10.38%, 7/1/2017 (b)		5,625,000		5,878,125
Global A&T Electronics, Ltd. 10.00%, 2/1/2019 (a)		2,500,000		2,043,750
Igloo Holdings Corp. 8.25%, 12/15/2017 (a)(c)		2,350,000		2,402,875
Interactive Data Corp. 10.25%, 8/1/2018		12,770,000		13,759,675
iPayment, Inc. 10.25%, 5/15/2018 (b)		9,008,000		6,643,400
Jaguar Holding Co. I PIK 9.38%, 10/15/2017 (a)(b)		7,282,000		7,655,203
Nord Anglia Education UK Holdings PLC 10.25%, 4/1/2017 (a)		6,850,000		7,637,750
Nuverra Environmental Solutions, Inc. 9.88%, 4/15/2018		5,800,000		5,988,500
Safway Group Holding LLC/Safway Finance Corp. 7.00%, 5/15/2018 (a)(b)		11,162,000		11,887,530
Speedy Cash Intermediate Holdings Corp. 10.75%, 5/15/2018 (a)		9,550,000		9,836,500
Tervita Corp. 8.00%, 11/15/2018 (a)(b)		12,150,000		12,271,500
The ADT Corp.:
2.25%, 7/15/2017 (b)		13,590,000		13,428,809
4.13%, 4/15/2019 (b)		1,625,000		1,612,310
The Hertz Corp. 7.50%, 10/15/2018 (b)		7,282,000		7,755,330

				121,075,982

CONSTRUCTION & ENGINEERING — 0.1%
Michael Baker International LLC/CDL Acquisition Co., Inc. 8.25%, 10/15/2018 (a)		1,000,000		1,067,500
Modular Space Corp. 10.25%, 1/31/2019 (a)(b)		2,377,000		2,472,080

				3,539,580

CONSTRUCTION MATERIALS — 0.1%
Vulcan Materials Co. 7.00%, 6/15/2018		3,340,000		3,851,020

CONSUMER FINANCE — 1.5%
ACE Cash Express, Inc. 11.00%, 2/1/2019 (a)		1,632,000		1,354,560
SLM Corp.:
5.00%, 4/15/2015 (b)(c)		2,000,000		2,075,000
5.50%, 1/15/2019 (b)		9,050,000		9,570,375
6.00%, 1/25/2017 (b)		9,572,000		10,433,480
6.25%, 1/25/2016 (b)		9,100,000		9,782,500
8.45%, 6/15/2018		22,685,000		26,711,587

				59,927,502

CONTAINERS & PACKAGING — 1.3%
Ardagh Packaging Finance PLC 7.38%, 10/15/2017 (a)(b)		8,750,000		9,307,812
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA, Inc.:
6.25%, 1/31/2019 (a)(b)		3,824,000		3,996,080
7.38%, 10/15/2017 (a)		6,050,000		6,428,125
Berry Plastics Corp. 9.50%, 5/15/2018 (b)		7,400,000		7,825,500
Beverage Packaging Holdings Luxembourg II SA/Beverage Packaging Holdings II Is:
5.63%, 12/15/2016 (a)		7,466,000		7,652,650
6.00%, 6/15/2017 (a)(b)		4,921,000		5,093,235
Owens-Brockway Glass Container, Inc. 7.38%, 5/15/2016		6,185,000		6,849,888
Packaging Dynamics Corp. 8.75%, 2/1/2016 (a)		2,300,000		2,360,375

				49,513,665

DISTRIBUTORS — 0.3%
VWR Funding, Inc. 7.25%, 9/15/2017 (b)		11,165,000		12,002,375

354

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

DIVERSIFIED CONSUMER SERVICES — 0.3%
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu 8.50%, 5/15/2018	$	12,200,000	$	12,794,750

DIVERSIFIED FINANCIAL SERVICES — 10.5%
Affinion Investments LLC 13.50%, 8/15/2018 (a)		3,162,000		3,209,430
Aircastle, Ltd.:
4.63%, 12/15/2018 (b)		8,550,000		8,753,063
6.75%, 4/15/2017 (b)		10,849,000		12,055,951
9.75%, 8/1/2018 (b)		1,500,000		1,615,200
Ally Financial, Inc.:
2.75%, 1/30/2017 (b)		4,650,000		4,696,500
3.13%, 1/15/2016		2,050,000		2,093,563
3.50%, 7/18/2016 (b)		6,700,000		6,901,000
3.50%, 1/27/2019		10,125,000		10,125,000
4.63%, 6/26/2015 (b)		7,425,000		7,694,156
4.75%, 9/10/2018		10,120,000		10,701,900
5.50%, 2/15/2017 (b)		6,900,000		7,486,500
6.25%, 12/1/2017		4,415,000		4,928,244
6.75%, 12/1/2014		2,900,000		3,005,125
6.75%, 12/1/2014 (b)		2,150,000		2,225,250
8.00%, 12/31/2018 (b)		1,549,000		1,847,182
8.30%, 2/12/2015		8,725,000		9,226,688
Alphabet Holding Co., Inc. PIK 7.75%, 11/1/2017		13,646,000		14,106,552
CNH Capital LLC:
3.25%, 2/1/2017 (b)		4,590,000		4,681,800
3.63%, 4/15/2018 (b)		11,775,000		11,981,062
3.88%, 11/1/2015 (b)		8,526,000		8,760,465
6.25%, 11/1/2016 (b)		5,812,000		6,371,405
General Motors Financial Co., Inc.:
2.75%, 5/15/2016 (b)		9,893,000		10,022,598
3.25%, 5/15/2018		12,958,000		13,071,382
4.75%, 8/15/2017 (b)		9,635,000		10,297,406
6.75%, 6/1/2018		9,015,000		10,277,100
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
3.50%, 3/15/2017 (a)		10,500,000		10,605,000
4.88%, 3/15/2019 (a)(b)		9,500,000		9,666,250
International Lease Finance Corp.:
3.88%, 4/15/2018 (b)		12,486,000		12,735,720
4.88%, 4/1/2015		5,050,000		5,233,113
5.65%, 6/1/2014		8,359,000		8,413,334
5.75%, 5/15/2016		8,750,000		9,411,763
8.63%, 9/15/2015		7,625,000		8,397,031
8.75%, 3/15/2017		19,850,000		23,298,937
8.88%, 9/1/2017 (c)		10,125,000		12,048,750
Nationstar Mortgage LLC/Nationstar Capital Corp. 6.50%, 8/1/2018 (b)		11,650,000		11,708,250
Nuveen Investments, Inc. 9.13%, 10/15/2017 (a)(b)		6,300,000		6,662,250
Outerwall, Inc. 6.00%, 3/15/2019		3,000,000		3,135,000
ROC Finance LLC/ ROC Finance 1 Corp. 12.13%, 9/1/2018 (a)(b)(c)		7,660,000		8,081,300
Royal Bank of Scotland Group PLC 5.05%, 1/8/2015 (b)		5,402,000		5,527,991
SLM Corp.:
3.88%, 9/10/2015		3,975,000		4,094,250
4.63%, 9/25/2017 (b)		10,770,000		11,321,962
5.05%, 11/14/2014		1,100,000		1,124,750
5.38%, 5/15/2014		1,434,000		1,441,170
Springleaf Finance Corp.:
5.40%, 12/1/2015		7,639,000		8,001,853
5.75%, 9/15/2016 (b)		5,650,000		5,996,063
6.90%, 12/15/2017 (b)		26,830,000		29,445,925
TMX Finance LLC/TitleMax Finance Corp. 8.50%, 9/15/2018 (a)(b)		8,330,000		9,121,350
TransUnion Holding Co., Inc.:
8.13%, 6/15/2018		6,223,000		6,534,150
9.63%, 6/15/2018		8,110,000		8,616,875
TransUnion LLC/TransUnion Financing Corp. 11.38%, 6/15/2018		6,300,000		6,772,500

				413,530,059

DIVERSIFIED TELECOMMUNICATION SERVICES — 5.7%
Alcatel-Lucent USA, Inc. 4.63%, 7/1/2017 (a)(b)		8,450,000		8,682,375
Brightstar Corp. 9.50%, 12/1/2016 (a)		5,550,000		6,049,500
CenturyLink, Inc.:
5.00%, 2/15/2015 (b)		1,954,000		2,017,505
5.15%, 6/15/2017 (b)		4,400,000		4,719,000
6.00%, 4/1/2017 (b)		7,150,000		7,909,688
Cincinnati Bell, Inc. 8.75%, 3/15/2018 (b)		11,015,000		11,524,444
CommScope, Inc. 8.25%, 1/15/2019 (a)		5,000,000		5,412,500
Frontier Communications Corp.:
7.13%, 3/15/2019		150,000		166,125
8.13%, 10/1/2018 (b)		8,420,000		9,830,350
8.25%, 4/15/2017 (b)		10,905,000		12,690,694
Inmarsat Finance PLC 7.38%, 12/1/2017 (a)		7,639,000		7,944,560
Intelsat Luxembourg SA 6.75%, 6/1/2018 (a)(b)		9,150,000		9,676,125
PAETEC Holding Corp. 9.88%, 12/1/2018 (b)		6,500,000		7,133,750
Sprint Nextel Corp. 9.13%, 3/1/2017 (b)		11,320,000		13,385,900
Syniverse Holdings, Inc. 9.13%, 1/15/2019 (c)		7,475,000		8,129,062
T-Mobile USA, Inc. 5.25%, 9/1/2018 (b)		10,084,000		10,663,830
Telesat Canada/Telesat LLC 6.00%, 5/15/2017 (a)(b)		9,233,000		9,556,155
Trilogy International Partners LLC/Trilogy International Finance, Inc. 10.25%, 8/15/2016 (a)		2,400,000		2,466,000
West Corp. 8.63%, 10/1/2018 (b)		11,500,000		12,333,750
Wind Acquisition Finance SA:
7.25%, 2/15/2018 (a)		13,450,000		14,189,750
7.25%, 2/15/2018 (a)		4,700,000		4,946,750
11.75%, 7/15/2017 (a)(b)		31,500,000		33,193,125

355

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Windstream Corp.:
7.88%, 11/1/2017 (b)	$	14,555,000	$	16,701,862
8.13%, 9/1/2018		6,170,000		6,555,625

				225,878,425

ELECTRIC UTILITIES — 3.3%
Atlantic Power Corp. 9.00%, 11/15/2018 (b)		9,100,000		9,600,500
DPL, Inc. 6.50%, 10/15/2016 (b)		13,600,000		14,688,000
EDP Finance BV 6.00%, 2/2/2018 (a)		15,110,000		16,394,350
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc. 11.25%, 12/1/2018 (a)		10,150,000		7,105,000
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc. 6.88%, 8/15/2017 (a)(b)		11,000,000		11,261,250
FirstEnergy Corp. 2.75%, 3/15/2018		6,150,000		6,131,335
GenOn Energy, Inc. 9.50%, 10/15/2018		9,300,000		9,509,250
Ipalco Enterprises, Inc.:
5.00%, 5/1/2018 (c)		3,850,000		4,071,375
7.25%, 4/1/2016 (a)(c)		5,285,000		5,800,287
NRG Energy, Inc. 7.63%, 1/15/2018 (b)		16,030,000		17,993,675
RRI Energy, Inc. 7.88%, 6/15/2017 (b)		12,300,000		12,361,500
Texas Competitive Electric Holdings Co. LLC 10.25%, 11/1/2015		15,000,000		375,000
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc. 10.25%, 11/1/2015		11,350,000		283,750
The AES Corp.:
7.75%, 10/15/2015		3,398,000		3,703,820
8.00%, 10/15/2017 (b)		3,672,000		4,346,730
9.75%, 4/15/2016 (b)		3,650,000		4,252,250

				127,878,072

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.1%
Atkore International, Inc. 9.88%, 1/1/2018		9,414,000		10,120,050
Kemet Corp. 10.50%, 5/1/2018 (b)		4,000,000		4,190,000
NXP BV/NXP Funding LLC:
3.50%, 9/15/2016 (a)(b)		7,650,000		7,841,250
3.75%, 6/1/2018 (a)		11,088,000		11,143,440
WireCo WorldGroup, Inc. 9.50%, 5/15/2017		9,600,000		9,888,000

				43,182,740

ENGINEERING & CONSTRUCTION — 0.4%
Abengoa Finance SAU 8.88%, 11/1/2017 (a)(b)		4,340,000		4,871,650
Aguila 3 SA 7.88%, 1/31/2018 (a)(b)		10,676,000		11,343,250

				16,214,900

FOOD PRODUCTS — 1.4%
BI-LO LLC/BI-LO Finance Corp.:
8.63%, 9/15/2018 (a)		7,700,000		7,979,125
9.25%, 2/15/2019 (a)		300,000		328,875
Bumble Bee Holdings, Inc. 9.00%, 12/15/2017 (a)(b)		11,450,000		12,480,500
Dean Foods Co. 7.00%, 6/1/2016 (b)		4,609,000		5,069,900
Michael Foods Group, Inc. 9.75%, 7/15/2018 (c)		9,895,000		10,562,913
Pilgrim’s Pride Corp. 7.88%, 12/15/2018		1,000,000		1,075,000
Smithfield Foods, Inc. 7.75%, 7/1/2017 (b)		10,075,000		11,687,000
Sun Merger Sub, Inc. 5.25%, 8/1/2018 (a)		5,103,000		5,300,741

				54,484,054

HEALTH CARE EQUIPMENT & SUPPLIES — 1.9%
Accellent, Inc. 8.38%, 2/1/2017		2,735,000		2,820,934
Alere, Inc.:
7.25%, 7/1/2018		5,600,000		6,160,000
8.63%, 10/1/2018 (b)		10,235,000		10,977,037
ConvaTec Finance International SA 8.25%, 1/15/2019 (a)(b)		12,650,000		13,029,500
DJO Finance LLC/DJO Finance Corp. 9.88%, 4/15/2018 (b)		8,995,000		9,804,550
Fresenius US Finance II, Inc. 9.00%, 7/15/2015 (a)		3,675,000		4,024,125
Kinetic Concepts, Inc./KCI USA, Inc. 10.50%, 11/1/2018 (b)		25,700,000		29,522,875

				76,339,021

HEALTH CARE PROVIDERS & SERVICES — 4.1%
21st Century Oncology, Inc.:
8.88%, 1/15/2017		7,758,000		8,068,320
9.88%, 4/15/2017 (b)		5,400,000		5,292,000
Capella Healthcare, Inc. 9.25%, 7/1/2017 (b)		9,151,000		9,722,937
Centene Corp. 5.75%, 6/1/2017 (b)		7,252,000		7,886,550
CHS/Community Health Systems, Inc. 5.13%, 8/15/2018 (b)		20,863,000		21,906,150
Fresenius Medical Care US Finance, Inc.:
6.50%, 9/15/2018 (a)		1,700,000		1,904,000
6.88%, 7/15/2017 (b)		7,340,000		8,294,200
HCA, Inc.:
3.75%, 3/15/2019 (b)		19,765,000		19,839,119
6.38%, 1/15/2015 (b)		7,200,000		7,470,000
6.50%, 2/15/2016		9,275,000		10,063,375
8.00%, 10/1/2018 (b)		4,795,000		5,682,075
Health Net, Inc. 6.38%, 6/1/2017 (b)		4,925,000		5,355,938
MedImpact Holdings, Inc. 10.50%, 2/1/2018 (a)		9,700,000		10,524,500
Multiplan, Inc. 9.88%, 9/1/2018 (a)(b)		10,136,000		10,997,560

356

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Tenet Healthcare Corp.:
5.00%, 3/1/2019 (a)(b)	$	3,995,000	$	3,990,006
6.25%, 11/1/2018 (b)		17,030,000		18,786,219
9.25%, 2/1/2015		3,499,000		3,708,940
Universal Health Services, Inc. 7.13%, 6/30/2016 (b)		3,240,000		3,612,600

				163,104,489

HOTELS, RESTAURANTS & LEISURE — 4.0%
Boyd Acquisition Sub LLC/Boyd Acquisition Finance Corp. 8.38%, 2/15/2018 (a)(b)		5,451,000		5,887,080
Boyd Gaming Corp. 9.13%, 12/1/2018 (b)		6,830,000		7,403,720
Burger King Corp. 9.88%, 10/15/2018 (c)		2,000,000		2,182,500
Caesars Entertainment Operating Co., Inc.:
5.63%, 6/1/2015 (b)		4,050,000		3,938,625
10.00%, 12/15/2018		5,000,000		2,350,000
10.00%, 12/15/2018 (b)		40,000,000		17,500,000
10.75%, 2/1/2016 (b)		6,274,000		5,238,790
11.25%, 6/1/2017 (b)		25,475,000		24,519,687
12.75%, 4/15/2018		9,400,000		4,747,000
Diamond Resorts Corp. 12.00%, 8/15/2018		6,950,000		7,601,563
GLP Capital LP/GLP Financing II, Inc. 4.38%, 11/1/2018 (a)		10,133,000		10,398,991
Greektown Holdings LLC/Greektown Mothership Corp. 8.88%, 3/15/2019 (a)		2,000,000		2,065,000
Marina District Finance Co., Inc. 9.88%, 8/15/2018		7,100,000		7,632,500
MGM Mirage, Inc.:
6.63%, 7/15/2015		8,718,000		9,241,080
7.63%, 1/15/2017 (b)		7,673,000		8,756,811
MGM Resorts International:
7.50%, 6/1/2016 (b)		7,650,000		8,520,188
8.63%, 2/1/2019 (b)		9,125,000		10,927,187
10.00%, 11/1/2016 (b)		4,750,000		5,670,313
11.38%, 3/1/2018 (b)		7,350,000		9,499,875
Royal Caribbean Cruises, Ltd. 7.25%, 6/15/2016 (b)		4,378,000		4,903,360

				158,984,270

HOUSEHOLD DURABLES — 2.1%
Centex Corp. 6.50%, 5/1/2016		3,100,000		3,410,000
DR Horton, Inc.:
3.63%, 2/15/2018		8,750,000		8,881,250
3.75%, 3/1/2019		3,850,000		3,859,625
4.75%, 5/15/2017		4,076,000		4,320,560
6.50%, 4/15/2016		2,732,000		2,981,295
Jarden Corp. 7.50%, 5/1/2017 (b)		8,368,000		9,633,660
Lennar Corp.:
4.50%, 6/15/2019		4,100,000		4,171,750
4.75%, 12/15/2017 (b)		4,275,000		4,531,500
Series B 5.60%, 5/31/2015 (b)		4,556,000		4,749,630
12.25%, 6/1/2017		6,811,000		8,752,135
RSI Home Products, Inc. 6.88%, 3/1/2018 (a)(b)		7,585,000		8,134,912
Standard Pacific Corp. 8.38%, 5/15/2018		8,264,000		9,772,180
Toll Brothers Finance Corp.:
4.00%, 12/31/2018		5,700,000		5,842,500
8.91%, 10/15/2017		3,575,000		4,325,750

				83,366,747

HOUSEHOLD PRODUCTS — 0.4%
American Achievement Corp. 10.88%, 4/15/2016 (a)(b)		7,850,000		8,281,750
Central Garden and Pet Co. 8.25%, 3/1/2018 (b)		7,090,000		7,311,563

				15,593,313

INDUSTRIAL CONGLOMERATES — 0.7%
Polymer Group, Inc. 7.75%, 2/1/2019		7,984,000		8,542,880
Polypore International, Inc. 7.50%, 11/15/2017 (b)		6,129,000		6,496,740
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. 8.75%, 2/1/2019 (b)		12,000,000		12,885,000

				27,924,620

INTERNET SOFTWARE & SERVICES — 0.2%
IAC/InterActiveCorp. 4.88%, 11/30/2018		4,900,000		5,114,375
Pacnet, Ltd. 9.00%, 12/12/2018 (a)		1,800,000		1,921,500

				7,035,875

IT SERVICES — 0.1%
Alliance Data Systems Corp. 5.25%, 12/1/2017 (a)		3,625,000		3,797,188

LEISURE PRODUCTS — 0.5%
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp. 9.13%, 8/1/2018		4,585,000		4,895,863
Easton-Bell Sports, Inc. 9.75%, 12/1/2016 (b)		8,610,000		9,072,960
Sabre Holdings Corp. 8.35%, 3/15/2016		5,999,000		6,681,386

				20,650,209

MACHINERY — 1.1%
BlueLine Rental Finance Corp. 7.00%, 2/1/2019 (a)		4,968,000		5,253,660
Cascades, Inc. 7.75%, 12/15/2017		8,001,000		8,341,043
Case New Holland, Inc. 7.88%, 12/1/2017 (b)		15,575,000		18,261,687
Harsco Corp. 5.75%, 5/15/2018 (b)		450,000		481,500
SPX Corp. 6.88%, 9/1/2017 (b)		10,845,000		12,309,075

				44,646,965

MEDIA — 5.8%
Affinion Group, Inc. 7.88%, 12/15/2018 (b)		7,500,000		7,012,500

357

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Allbritton Communications Co. 8.00%, 5/15/2018 (b)	$	4,595,000	$	4,813,263
American Media, Inc. 11.50%, 12/15/2017		10,900,000		11,853,750
Cablevision Systems Corp.:
7.75%, 4/15/2018 (b)		12,255,000		14,001,337
8.63%, 9/15/2017		11,150,000		13,240,625
CCO Holdings LLC/CCO Holdings Capital Corp. 7.25%, 10/30/2017 (b)		10,400,000		11,011,000
Clear Channel Communications, Inc. 5.50%, 9/15/2014 (b)		4,950,000		4,974,750
CSC Holdings LLC:
7.63%, 7/15/2018 (b)		6,670,000		7,753,875
8.63%, 2/15/2019 (b)		750,000		896,250
DISH DBS Corp.:
4.25%, 4/1/2018		17,880,000		18,662,250
4.63%, 7/15/2017 (b)		15,200,000		16,188,000
6.63%, 10/1/2014		8,775,000		8,994,375
7.13%, 2/1/2016		12,125,000		13,246,562
7.75%, 5/31/2015		5,325,000		5,704,406
inVentiv Health, Inc.:
9.00%, 1/15/2018 (a)(b)		10,750,000		11,395,000
11.00%, 8/15/2018 (a)		4,000,000		3,700,000
11.00%, 8/15/2018 (a)		2,500,000		2,306,250
Lamar Media Corp. 7.88%, 4/15/2018 (b)		4,741,000		4,942,493
Nara Cable Funding, Ltd. 8.88%, 12/1/2018 (a)		13,370,000		14,556,587
Nielsen Finance LLC/Nielsen Finance Co. 7.75%, 10/15/2018 (b)		10,000,000		10,687,500
Palace Entertainment Holdings LLC/Palace Entertainment Holdings Corp. 8.88%, 4/15/2017 (a)		6,525,000		6,769,688
Quebecor Media, Inc. 7.75%, 3/15/2016		6,552,000		6,568,380
Virgin Media Secured Finance PLC 6.50%, 1/15/2018		14,950,000		15,491,937
Visant Corp. 10.00%, 10/1/2017 (b)		14,300,000		14,246,375
WMG Acquisition Corp. 11.50%, 10/1/2018		531,000		603,482

				229,620,635

METALS & MINING — 6.0%
AK Steel Corp. 8.75%, 12/1/2018		1,605,000		1,801,613
Aleris International, Inc. 7.63%, 2/15/2018		13,633,000		14,076,072
ArcelorMittal:
4.25%, 2/25/2015 (b)		4,862,000		4,965,318
4.25%, 8/5/2015 (b)		9,550,000		9,836,500
4.25%, 3/1/2016		6,185,000		6,416,937
5.00%, 2/25/2017 (b)		20,881,000		22,159,961
6.13%, 6/1/2018		19,666,000		21,558,852
9.50%, 2/15/2015 (b)		6,350,000		6,778,625
Barminco Finance Pty, Ltd. 9.00%, 6/1/2018 (a)(b)		4,700,000		4,324,000
Commercial Metals Co.:
6.50%, 7/15/2017 (b)		4,355,000		4,866,713
7.35%, 8/15/2018 (b)		5,107,000		5,821,980
Consolidated Minerals, Ltd. 8.88%, 5/1/2016 (a)		6,400,000		6,688,000
Essar Steel Algoma, Inc.:
9.38%, 3/15/2015 (a)(b)		5,300,000		5,247,000
9.88%, 6/15/2015 (a)(b)		5,350,000		3,477,500
Ferrexpo Finance PLC 7.88%, 4/7/2016 (a)(b)		4,100,000		3,936,000
FMG Resources August 2006 Pty, Ltd.:
6.00%, 4/1/2017 (a)(b)		18,815,000		19,802,787
6.88%, 2/1/2018 (a)		11,645,000		12,270,919
JMC Steel Group 8.25%, 3/15/2018 (a)		8,900,000		9,100,250
Mueller Water Products, Inc. 7.38%, 6/1/2017		4,435,000		4,534,788
Novelis, Inc. 8.38%, 12/15/2017 (b)		12,322,000		13,184,540
Ryerson, Inc./Joseph T Ryerson & Son, Inc. 9.00%, 10/15/2017 (b)		10,580,000		11,413,175
Schaeffler Finance BV:
7.75%, 2/15/2017 (a)(b)		9,780,000		11,100,300
8.50%, 2/15/2019 (a)(b)		3,400,000		3,795,250
Thompson Creek Metals Co., Inc. 9.75%, 12/1/2017 (b)		5,025,000		5,565,187
United States Steel Corp.:
6.05%, 6/1/2017 (b)		6,797,000		7,357,752
7.00%, 2/1/2018 (b)		8,300,000		9,192,250
Wise Metals Group LLC/Wise Alloys Finance Corp. 8.75%, 12/15/2018 (a)(b)		5,065,000		5,432,213

				234,704,482

MULTILINE RETAIL — 0.7%
Sears Holdings Corp. 6.63%, 10/15/2018 (b)		17,050,000		15,515,500
SUPERVALU, Inc. 8.00%, 5/1/2016 (b)		10,625,000		11,714,063

				27,229,563

OIL, GAS & CONSUMABLE FUELS — 10.9%
Alpha Natural Resources, Inc. 9.75%, 4/15/2018 (b)		7,300,000		7,026,250
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp. 9.63%, 10/15/2018		4,340,000		4,665,500
Arch Coal, Inc. 8.00%, 1/15/2019 (a)(b)		6,992,000		6,992,000
Aurora USA Oil & Gas, Inc. 9.88%, 2/15/2017 (a)		4,729,000		5,213,723
Basic Energy Services, Inc. 7.75%, 2/15/2019		2,405,000		2,582,369
Chesapeake Energy Corp.:
3.25%, 3/15/2016 (b)		6,450,000		6,514,500
6.50%, 8/15/2017 (b)		11,745,000		13,183,762
7.25%, 12/15/2018		5,000,000		5,825,000
9.50%, 2/15/2015 (b)		8,775,000		9,356,344
Cie Generale de Geophysique — Veritas 7.75%, 5/15/2017		3,250,000		3,298,750

358

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Consol Energy, Inc. 8.00%, 4/1/2017 (b)	$	20,270,000	$	21,156,812
Drill Rigs Holdings, Inc. 6.50%, 10/1/2017 (a)		13,138,000		13,696,365
El Paso Corp.:
7.00%, 6/15/2017 (b)		9,531,000		10,754,170
7.25%, 6/1/2018 (b)		7,262,000		8,261,157
Endeavour International Corp. 12.00%, 3/1/2018		6,773,000		6,586,743
Energy XXI Gulf Coast, Inc. 9.25%, 12/15/2017		13,650,000		14,844,375
EPL Oil & Gas, Inc. 8.25%, 2/15/2018 (b)		5,890,000		6,375,925
EXCO Resources, Inc. 7.50%, 9/15/2018		8,050,000		8,090,250
Expro Finance Luxembourg SCA 8.50%, 12/15/2016 (a)(b)		15,813,000		16,544,351
Exterran Holdings, Inc. 7.25%, 12/1/2018		600,000		633,750
Genesis Energy LP/Genesis Energy Finance Corp. 7.88%, 12/15/2018 (b)		5,608,000		6,035,610
Harvest Operations Corp. 6.88%, 10/1/2017		8,345,000		9,012,600
Kinder Morgan Finance Co. LLC 6.00%, 1/15/2018 (a)		11,800,000		12,773,500
Kinder Morgan Finance Co. ULC 5.70%, 1/5/2016 (c)		7,375,000		7,854,375
Laredo Petroleum, Inc. 9.50%, 2/15/2019 (b)		5,100,000		5,629,125
Maritimes & Northeast Pipeline LLC 7.50%, 5/31/2014 (a)		2,797,520		2,821,167
Newfield Exploration Co. 7.13%, 5/15/2018		6,750,000		6,952,500
NGPL PipeCo LLC 7.12%, 12/15/2017 (a)(b)		13,450,000		13,214,625
Niska Gas Storage Canada ULC/Niska Gas Storage Canada Finance Corp. 6.50%, 4/1/2019 (a)		8,565,000		8,436,525
NuStar Logistics LP 8.15%, 4/15/2018		2,847,000		3,245,580
Oasis Petroleum, Inc. 7.25%, 2/1/2019		1,130,000		1,209,100
Ocean Rig UDW, Inc. 7.25%, 4/1/2019 (a)(b)		7,185,000		7,176,019
Pacific Drilling V, Ltd. 7.25%, 12/1/2017 (a)(b)		9,100,000		9,828,000
Peabody Energy Corp.:
6.00%, 11/15/2018 (b)		22,850,000		23,963,937
7.38%, 11/1/2016		7,295,000		8,170,400
Petroleum Geo-Services ASA 7.38%, 12/15/2018 (a)		200,000		214,500
PetroQuest Energy, Inc. 10.00%, 9/1/2017		1,000,000		1,065,000
Quicksilver Resources, Inc. 7.13%, 4/1/2016 (b)		10,274,000		9,580,505
Rockies Express Pipeline LLC:
3.90%, 4/15/2015 (a)		6,505,000		6,553,788
6.00%, 1/15/2019 (a)		5,850,000		5,893,875
6.85%, 7/15/2018 (a)		8,100,000		8,363,250
Sabine Oil & Gas LLC/Sabine Oil & Gas Finance Corp. 9.75%, 2/15/2017		5,900,000		6,106,500
Sabine Pass LNG LP 7.50%, 11/30/2016 (b)		17,740,000		19,602,700
Seadrill, Ltd. 5.63%, 9/15/2017 (a)		16,030,000		16,711,275
SM Energy Co. 6.63%, 2/15/2019		1,813,000		1,939,910
Tesoro Corp. 4.25%, 10/1/2017 (b)		8,325,000		8,741,250
Trinidad Drilling, Ltd. 7.88%, 1/15/2019 (a)(b)		1,150,000		1,230,500
Ultra Petroleum Corp. 5.75%, 12/15/2018 (a)		5,108,000		5,363,400
Venoco, Inc. 8.88%, 2/15/2019 (b)		4,702,000		4,749,020
Westmoreland Escrow Corp. 10.75%, 2/1/2018 (a)		9,239,000		10,093,607
Whiting Petroleum Corp.:
5.00%, 3/15/2019		5,455,000		5,768,663
6.50%, 10/1/2018		6,574,000		6,919,135
WPX Energy, Inc. 5.25%, 1/15/2017 (b)		8,675,000		9,282,250
Yingde Gases Investment, Ltd. 8.13%, 4/22/2018 (a)(b)		4,750,000		4,750,000

				430,854,287

PAPER & FOREST PRODUCTS — 0.3%
Clearwater Paper Corp. 7.13%, 11/1/2018		1,250,000		1,331,250
Sappi Papier Holding GmbH 7.75%, 7/15/2017 (a)(b)		5,800,000		6,452,500
Verso Paper Holdings LLC/Verso Paper, Inc. 11.75%, 1/15/2019 (b)		5,000,000		5,387,500

				13,171,250

PHARMACEUTICALS — 1.5%
Forest Laboratories, Inc. 4.38%, 2/1/2019 (a)		15,933,000		16,769,482
Hospira, Inc. 6.05%, 3/30/2017 (b)		4,503,000		4,984,515
NBTY, Inc. 9.00%, 10/1/2018 (b)		4,889,000		5,255,675
Valeant Pharmaceuticals International:
6.75%, 10/1/2017 (a)		7,650,000		8,089,875
6.88%, 12/1/2018 (a)		450,000		478,125
Valeant Pharmaceuticals International, Inc. 6.75%, 8/15/2018 (a)		21,672,000		23,839,200

				59,416,872

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.4%
Crescent Resources LLC/Crescent Ventures, Inc. 10.25%, 8/15/2017 (a)(b)		3,736,000		4,193,660
Realogy Group LLC 7.88%, 2/15/2019 (a)		5,000,000		5,393,750

359

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

The Realogy Group LLC/Sunshine Group Florida Ltd. 3.38%, 5/1/2016 (a)(b)	$	7,241,000	$	7,277,205

				16,864,615

REGIONAL BANKS — 0.4%
Regions Bank 7.50%, 5/15/2018 (b)		12,130,000		14,315,705

RETAIL — 0.3%
Tops Holding Corp./Tops Markets LLC 8.88%, 12/15/2017		9,100,000		9,941,750

ROAD & RAIL — 0.1%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 8.25%, 1/15/2019		2,000,000		2,145,000

SEMICONDUCTORS — 0.4%
Advanced Micro Devices, Inc. 6.75%, 3/1/2019 (a)		9,100,000		9,134,125
STATS ChipPAC, Ltd. 4.50%, 3/20/2018 (a)(b)		7,850,000		7,889,250

				17,023,375

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.0%
Advanced Micro Devices, Inc. 8.13%, 12/15/2017 (b)		799,000		836,953

SOFTWARE — 0.9%
Eagle Midco, Inc. 9.00%, 6/15/2018 (a)		5,400,000		5,670,000
Healthcare Technology Intermediate, Inc. 7.38%, 9/1/2018 (a)(b)		16,000,000		16,320,000
IMS Health, Inc. 12.50%, 3/1/2018 (a)		7,490,000		8,538,600
Sophia LP/Sophia Finance, Inc. 9.75%, 1/15/2019 (a)(b)(c)		5,000,000		5,550,000

				36,078,600

SPECIALTY RETAIL — 3.7%
AutoNation, Inc. 6.75%, 4/15/2018 (b)		4,290,000		4,944,225
Best Buy Co., Inc.:
3.75%, 3/15/2016 (c)		3,429,000		3,531,870
5.00%, 8/1/2018 (b)		10,973,000		11,370,771
Burlington Coat Factory Warehouse Corp. 10.00%, 2/15/2019 (b)		7,786,000		8,691,122
Claire’s Stores, Inc.:
8.88%, 3/15/2019		6,450,000		5,998,500
9.00%, 3/15/2019 (a)		4,760,000		4,944,450
DineEquity, Inc. 9.50%, 10/30/2018 (b)		4,000,000		4,360,000
Guitar Center, Inc. 6.50%, 4/15/2019 (a)		5,880,000		5,843,250
J Crew Group, Inc. 8.13%, 3/1/2019		325,000		338,205
Jo-Ann Stores, Inc. 8.13%, 3/15/2019 (a)		5,900,000		6,121,250
Limited Brands, Inc. 6.90%, 7/15/2017		6,925,000		7,920,469
Logan’s Roadhouse, Inc. 10.75%, 10/15/2017 (b)		4,400,000		3,355,000
Michaels FinCo Holdings LLC/Michaels FinCo, Inc. 7.50%, 8/1/2018 (a)		10,900,000		11,227,000
Michaels Stores, Inc. 7.75%, 11/1/2018		14,300,000		15,283,125
New Academy Finance Co. LLC/New Academy Finance Corp. PIK 8.00%, 6/15/2018 (a)(b)		4,000,000		4,095,000
Petco Animal Supplies, Inc. 9.25%, 12/1/2018 (a)		2,545,000		2,735,875
Petco Holdings, Inc. PIK 8.50%, 10/15/2017 (a)(b)		5,905,000		6,015,837
Suburban Propane Partners LP/Suburban Energy Finance Corp. 7.50%, 10/1/2018		7,030,000		7,469,375
The Gymboree Corp. 9.13%, 12/1/2018 (b)		5,000,000		4,231,250
Toys R Us - Delaware, Inc. 7.38%, 9/1/2016 (a)(b)		5,400,000		4,981,500
Toys R Us Property Co. II LLC 8.50%, 12/1/2017 (b)		14,861,000		15,139,644
Toys R Us, Inc.:
7.38%, 10/15/2018		300,000		240,000
10.38%, 8/15/2017 (b)		7,500,000		6,262,500

				145,100,218

STORAGE/WAREHOUSING — 0.4%
Algeco Scotsman Global Finance PLC 8.50%, 10/15/2018 (a)(b)		15,650,000		17,097,625

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.1%
Dell, Inc.:
2.30%, 9/10/2015 (b)		5,650,000		5,678,250
3.10%, 4/1/2016		5,000,000		5,075,000
5.65%, 4/15/2018		9,434,000		9,858,530
iGate Corp. 9.00%, 5/1/2016 (b)		13,200,000		13,860,000
Infor US, Inc. 11.50%, 7/15/2018 (b)		7,900,000		9,144,250

				43,616,030

THRIFTS & MORTGAGE FINANCE — 0.1%
Globe Luxembourg SCA 9.63%, 5/1/2018 (a)(b)		3,905,000		4,266,213

TRADING COMPANIES & DISTRIBUTORS — 0.3%
United Rentals North America, Inc. 5.75%, 7/15/2018		11,766,000		12,589,620

TRANSPORTATION INFRASTRUCTURE — 1.1%
Air Medical Group Holdings, Inc. 9.25%, 11/1/2018		2,072,000		2,235,170
AWAS Aviation Capital, Ltd. 7.00%, 10/17/2016 (a)		4,343,200		4,495,212
CMA CGM SA 8.50%, 4/15/2017 (a)(b)		5,000,000		5,000,000
Florida East Coast Railway Corp. 8.13%, 2/1/2017		4,315,000		4,509,175

360

SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Global Ship Lease, Inc. 10.00%, 4/1/2019 (a)(b)	$	2,245,000	$	2,317,962
Navios Maritime Holdings, Inc./Navios Maritime Finance II US, Inc. 8.13%, 2/15/2019		5,400,000		5,454,000
PHI, Inc. 5.25%, 3/15/2019 (a)(c)		7,125,000		7,196,250
Swift Services Holdings, Inc. 10.00%, 11/15/2018 (b)		10,057,000		11,050,129

				42,257,898

WIRELESS TELECOMMUNICATION SERVICES — 3.0%
eAccess, Ltd. 8.25%, 4/1/2018 (a)		4,000,000		4,350,000
MetroPCS Wireless, Inc. 7.88%, 9/1/2018 (b)		13,060,000		13,876,250
Sprint Communications, Inc. 9.00%, 11/15/2018 (a)(b)		29,445,000		35,996,512
Sprint Nextel Corp.:
6.00%, 12/1/2016 (b)		16,000,000		17,540,000
8.38%, 8/15/2017 (b)		11,480,000		13,503,350
Telecom Italia Capital SA:
5.25%, 10/1/2015 (b)		7,000,000		7,350,000
7.00%, 6/4/2018 (b)		14,800,000		16,779,500
UPC Holding BV 9.88%, 4/15/2018 (a)(b)		7,342,000		7,736,633

				117,132,245

TOTAL CORPORATE BONDS & NOTES —
(Cost $3,768,455,778)				3,793,649,688

	Shares
SHORT TERM INVESTMENTS — 12.7%
MONEY MARKET FUNDS — 12.7%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		396,835,735		396,835,735
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		103,637,552		103,637,552

TOTAL SHORT TERM INVESTMENTS — (g)
(Cost $500,473,287)				500,473,287

TOTAL INVESTMENTS — 109.0% (h)
(Cost $4,268,929,065)				4,294,122,975
OTHER ASSETS & LIABILITIES — (9.0)%				(352,809,750	)

NET ASSETS — 100.0%			$	3,941,313,225


(a)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 31.1% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PIK = Payment in Kind

PLC = Public Limited Company

SCA = Societe en Commandite par Actions

ULC = Unlimited Liability Corporation

361

SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 98.1%
AEROSPACE & DEFENSE — 0.5%
Honeywell International, Inc. 0.29%, 11/17/2015 (a)	$	1,000,000	$	999,996
Rockwell Collins, Inc. 0.58%, 12/15/2016 (a)		350,000		350,192
United Technologies Corp. 0.74%, 6/1/2015 (a)		538,000		540,886

				1,891,074

AUTOMOBILES — 3.4%
Daimler Finance North America LLC:
0.59%, 3/10/2017 (a)(b)		800,000		800,461
0.84%, 1/9/2015 (a)(b)		1,050,000		1,053,862
0.92%, 8/1/2016 (a)(b)		600,000		605,428
1.02%, 4/10/2014 (a)(b)		650,000		650,118
Nissan Motor Acceptance:
0.79%, 3/3/2017 (a)(b)		600,000		601,045
0.94%, 9/26/2016 (a)(b)		700,000		703,951
Toyota Motor Credit Corp.:
0.38%, 9/18/2015 (a)		500,000		500,381
0.39%, 3/10/2015 (a)		2,240,000		2,242,717
0.41%, 1/23/2015 (a)		200,000		200,233
0.53%, 5/17/2016 (a)		1,100,000		1,104,225
Volkswagen International Finance NV:
0.57%, 11/18/2015 (a)(b)		500,000		501,137
0.68%, 11/18/2016 (a)(b)		1,000,000		1,001,570
0.83%, 11/20/2014 (a)(b)		400,000		401,407
0.86%, 4/1/2014 (a)(b)		1,621,000		1,621,000

				11,987,535

BANKS — 44.5%
Abbey National Treasury Services PLC 0.74%, 3/13/2017 (a)		1,200,000		1,199,644
ABN Amro Bank NV 1.04%, 10/28/2016 (a)(b)		1,700,000		1,709,826
Achmea Hypotheekbank NV 0.59%, 11/3/2014 (a)(b)		800,000		801,476
African Development Bank 0.57%, 8/4/2014 (a)		1,371,000		1,372,474
American Express Bank FSB 0.46%, 6/12/2017 (a)		500,000		496,534
American Express Centurion Bank 0.69%, 11/13/2015 (a)		550,000		552,520
Australia & New Zealand Banking Group Ltd.:
0.44%, 5/7/2015 (a)(b)		1,900,000		1,903,196
0.62%, 1/10/2017 (a)(b)		500,000		500,550
0.80%, 5/15/2018 (a)(c)		1,065,000		1,067,635
Banco Bradesco SA 2.34%, 5/16/2014 (a)		850,000		850,274
Banco Santander Chile 1.84%, 1/19/2016 (a)(c)(b)		350,000		346,500
Bank of Montreal:
0.48%, 9/24/2015 (a)		1,700,000		1,701,569
0.71%, 9/11/2015 (a)		1,100,000		1,105,395
0.71%, 4/29/2014 (a)		408,000		408,123
0.76%, 7/15/2016 (a)		1,030,000		1,035,387
0.84%, 4/9/2018 (a)		450,000		451,605
Bank of Nova Scotia:
0.63%, 3/15/2016 (a)		492,000		492,904
0.65%, 12/13/2016 (a)		900,000		902,659
0.76%, 7/15/2016 (a)		1,314,000		1,319,977
1.28%, 1/12/2015 (a)		600,000		604,742
Banque Federative du Credit Mutuel SA:
1.09%, 10/28/2016 (a)(b)		1,250,000		1,254,125
1.09%, 1/20/2017 (a)(b)		600,000		601,655
BB&T Corp.:
0.90%, 2/1/2019 (a)		1,800,000		1,800,860
0.94%, 4/28/2014 (a)		888,000		888,332
1.09%, 6/15/2018 (a)		150,000		151,557
BBVA US Senior SAU 2.36%, 5/16/2014 (a)		500,000		500,793
BNP Paribas SA:
0.71%, 3/17/2017 (a)		600,000		599,470
0.82%, 12/12/2016 (a)		500,000		501,081
2.98%, 12/20/2014 (a)		2,050,000		2,088,950
BPCE SA:
1.08%, 2/10/2017 (a)		1,000,000		1,003,932
1.49%, 4/25/2016 (a)		1,038,000		1,052,203
Branch Banking & Trust Co. 0.55%, 9/13/2016 (a)		300,000		298,231
Canadian Imperial Bank of Commerce/Canada 0.76%, 7/18/2016 (a)		515,000		517,822
Commonwealth Bank of Australia:
0.51%, 9/17/2014 (a)(b)		1,350,000		1,351,845
0.52%, 1/29/2015 (a)(b)(c)		2,100,000		2,104,914
0.59%, 3/13/2017 (a)(b)		600,000		599,996
0.73%, 6/25/2014 (a)(b)		2,165,000		2,167,414
0.73%, 9/20/2016 (a)(b)		2,335,000		2,346,507
1.03%, 9/18/2015 (a)(b)		1,200,000		1,211,755
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA:
0.59%, 4/14/2014 (a)		392,000		392,051
0.71%, 3/18/2016 (a)(c)		1,250,000		1,256,871
Credit Agricole SA 1.08%, 10/3/2016 (a)(b)		1,000,000		1,008,165
Credit Agricole SA/London 1.40%, 4/15/2016 (a)(b)		350,000		354,735
Danske Bank A/S 1.29%, 4/14/2014 (a)(b)		708,000		708,173
Deutsche Bank AG London 0.85%, 2/13/2017 (a)		900,000		903,052
Dexia Credit Local SA 0.62%, 11/7/2016 (a)(b)		600,000		599,695
Export-Import Bank of Korea 0.99%, 1/14/2017 (a)		1,000,000		1,005,498
Fifth Third Bank:
0.64%, 2/26/2016 (a)		275,000		275,534
0.75%, 11/18/2016 (a)		600,000		602,250
HSBC Bank PLC 0.88%, 5/15/2018 (a)(b)(c)		800,000		802,624
ING Bank NV:
1.18%, 3/7/2016 (a)(b)		700,000		706,217
1.64%, 6/9/2014 (a)(b)		1,527,000		1,531,040
1.87%, 9/25/2015 (a)(b)		860,000		877,731
Inter-American Development Bank:
0.22%, 10/15/2015 (a)(c)		700,000		700,324
0.68%, 5/20/2014 (a)		2,383,000		2,384,351

362

SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

International Bank for Reconstruction & Development:
0.16%, 1/14/2015 (a)	$	2,400,000	$	2,400,864
0.16%, 8/7/2015 (a)		1,400,000		1,400,364
0.18%, 7/22/2015 (a)		700,000		699,453
International Finance Corp.:
0.15%, 1/28/2015 (a)		1,142,000		1,141,852
0.15%, 8/27/2015 (a)		500,000		500,115
0.17%, 8/1/2016 (a)		1,000,000		999,770
JPMorgan Chase Bank NA 0.49%, 7/30/2015 (a)		1,200,000		1,201,772
KeyBank NA 0.72%, 11/25/2016 (a)		600,000		601,264
Kfw:
0.20%, 1/23/2015 (a)(c)		2,000,000		1,999,904
0.21%, 7/9/2015 (a)(c)		1,450,000		1,449,826
0.30%, 3/13/2015 (a)		850,000		850,799
Kommunalbanken AS:
0.26%, 1/26/2015 (a)(b)		1,164,000		1,164,080
0.31%, 3/18/2016 (a)(b)		1,900,000		1,900,557
0.36%, 5/2/2017 (a)(b)		500,000		500,172
0.41%, 2/20/2018 (a)(b)		1,174,000		1,172,650
0.43%, 4/1/2015 (a)(b)		500,000		500,747
0.61%, 3/27/2017 (a)(b)		3,750,000		3,776,554
Kommuninvest I Sverige AB:
0.23%, 9/12/2014 (a)(b)		750,000		750,112
0.26%, 3/26/2015 (a)(b)		1,550,000		1,549,864
Kookmin Bank 1.49%, 10/11/2016 (a)(c)		600,000		608,218
Landwirtschaftliche Rentenbank 0.43%, 3/15/2016 (a)(b)		800,000		802,451
Macquarie Bank, Ltd. 1.02%, 3/24/2017 (a)(b)		600,000		600,874
Manufacturers & Traders Trust Co.:
0.53%, 3/7/2016 (a)		225,000		224,584
0.61%, 1/30/2017 (a)		700,000		700,692
National Australia Bank, Ltd.:
0.43%, 10/2/2014 (a)(b)		750,000		750,670
0.54%, 1/22/2015 (a)(b)		3,105,000		3,112,579
0.60%, 3/17/2017 (a)(b)		800,000		800,229
0.79%, 7/25/2016 (a)(c)		2,350,000		2,365,148
0.96%, 4/11/2014 (a)(b)		1,850,000		1,850,277
1.19%, 7/25/2014 (a)(b)		2,100,000		2,106,338
1.37%, 8/7/2015 (a)(c)		300,000		304,267
National City Bank 0.60%, 6/7/2017 (a)		440,000		436,608
Nederlandse Waterschapsbank NV:
0.33%, 11/4/2015 (a)(b)		600,000		600,383
0.44%, 10/18/2016 (a)(b)		300,000		300,001
0.47%, 2/14/2018 (a)(b)		2,350,000		2,349,991
Nordea Bank AB:
0.59%, 4/4/2017 (a)(b)		700,000		700,000
0.70%, 5/13/2016 (a)(b)		584,000		586,115
PNC Bank NA 0.56%, 4/29/2016 (a)		450,000		450,201
Royal Bank of Canada:
0.45%, 4/29/2015 (a)		1,180,000		1,182,309
0.45%, 12/16/2015 (a)		1,800,000		1,802,468
0.47%, 1/6/2015 (a)		2,400,000		2,404,750
0.54%, 4/17/2014 (a)		1,444,000		1,444,299
0.57%, 1/23/2017 (a)		1,400,000		1,401,175
0.61%, 3/8/2016 (a)		1,300,000		1,304,512
0.70%, 9/9/2016 (a)		1,000,000		1,003,916
0.94%, 10/30/2014 (a)		1,088,000		1,092,609
Royal Bank of Scotland Group PLC 1.17%, 3/31/2017 (a)		600,000		600,705
Societe Generale SA 1.29%, 4/11/2014 (a)(b)		1,800,000		1,800,369
SSIF Nevada LP 0.94%, 4/14/2014 (a)(b)		2,050,000		2,050,412
Standard Chartered PLC 1.18%, 5/12/2014 (a)(b)(c)		486,000		486,607
Sumitomo Mitsui Banking Corp.:
0.67%, 1/10/2017 (a)		600,000		601,483
0.91%, 7/19/2016 (a)		350,000		352,556
1.19%, 7/22/2014 (a)(b)		542,000		543,563
Sumitomo Mitsui Trust Bank, Ltd. 1.01%, 9/16/2016 (a)(b)		500,000		503,295
Suncorp-Metway, Ltd. 0.93%, 3/28/2017 (a)(b)		600,000		599,996
SunTrust Bank/Atlanta GA 0.53%, 8/24/2015 (a)		373,000		371,938
Svenska Handelsbanken AB:
0.68%, 3/21/2016 (a)(c)		1,280,000		1,285,138
0.70%, 9/23/2016 (a)		1,100,000		1,105,163
Swedish Export Credit 0.29%, 1/5/2015 (a)		584,000		584,178
The Bank of New York Mellon Corp.:
0.47%, 3/4/2016 (a)		584,000		584,336
0.47%, 10/23/2015 (a)		950,000		952,107
0.51%, 7/28/2014 (a)		455,000		455,427
0.68%, 3/6/2018 (a)		146,000		146,238
0.80%, 8/1/2018 (a)		370,000		371,420
1.09%, 11/24/2014 (a)		200,000		201,097
The Bank of Tokyo-Mitsubishi UFJ, Ltd.:
0.68%, 2/26/2016 (a)(b)		826,000		826,835
0.85%, 9/9/2016 (a)(b)(c)		850,000		853,922
The Korea Development Bank 0.86%, 1/22/2017 (a)		400,000		400,501
The Toronto-Dominion Bank:
0.42%, 5/1/2015 (a)		4,300,000		4,308,058
0.54%, 7/14/2014 (a)		1,150,000		1,151,174
0.70%, 9/9/2016 (a)(c)		3,500,000		3,516,247
0.79%, 4/30/2018 (a)		810,000		814,585
Union Bank NA 0.99%, 9/26/2016 (a)		600,000		605,930
US Bancorp 0.73%, 11/15/2018 (a)(c)		900,000		901,642
US Bank NA:
0.47%, 1/30/2017 (a)		500,000		499,859
0.52%, 10/14/2014 (a)		430,000		430,593
Wachovia Bank NA:
0.56%, 3/15/2016 (a)		700,000		698,791
0.62%, 11/3/2014 (a)		300,000		300,411
Wachovia Corp.:
0.50%, 6/15/2017 (a)		1,800,000		1,789,355
0.58%, 10/28/2015 (a)		900,000		900,169
0.61%, 10/15/2016 (a)		1,600,000		1,594,021
Wells Fargo & Co.:
0.44%, 10/28/2015 (a)		2,520,000		2,520,912
0.77%, 7/20/2016 (a)		800,000		802,391

363

SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

0.87%, 4/23/2018 (a)	$	1,961,000	$	1,979,096
1.16%, 6/26/2015 (a)		1,130,000		1,141,998
Wells Fargo Bank NA:
0.45%, 5/16/2016 (a)		2,175,000		2,164,630
0.52%, 7/20/2015 (a)		2,250,000		2,255,535
Westpac Banking Corp.:
0.52%, 9/10/2014 (a)(b)		250,000		250,129
0.66%, 11/25/2016 (a)		1,000,000		1,003,144
0.98%, 7/30/2018 (a)		600,000		605,368
0.99%, 9/25/2015 (a)		2,300,000		2,319,722

				158,050,172

BEVERAGES — 1.3%
Anheuser-Busch InBev Finance, Inc. 0.43%, 1/27/2017 (a)		500,000		499,443
PepsiCo, Inc.:
0.44%, 7/30/2015 (a)		600,000		600,968
0.44%, 2/26/2016 (a)		1,542,000		1,543,809
SABMiller Holdings, Inc. 0.93%, 8/1/2018 (a)(b)		400,000		403,076
The Coca-Cola Co.:
0.22%, 3/5/2015 (a)		800,000		799,696
0.34%, 11/1/2016 (a)		600,000		600,311

				4,447,303

CAPITAL MARKETS — 7.3%
Morgan Stanley:
0.69%, 10/18/2016 (a)		2,000,000		1,995,010
0.72%, 10/15/2015 (a)		2,850,000		2,851,348
1.09%, 1/24/2019 (a)		500,000		500,704
1.48%, 2/25/2016 (a)		1,300,000		1,318,678
1.52%, 4/25/2018 (a)		800,000		815,596
Svensk Exportkredit AB:
0.54%, 1/23/2017 (a)		550,000		553,245
0.99%, 8/14/2014 (a)		1,292,000		1,295,842
The Bear Stearns Cos LLC 0.62%, 11/21/2016 (a)		1,638,000		1,631,614
The Goldman Sachs Group, Inc.:
0.64%, 7/22/2015 (a)		2,366,000		2,364,824
0.68%, 3/22/2016 (a)		5,781,000		5,764,721
0.74%, 1/12/2015 (a)		1,483,000		1,484,732
0.83%, 9/29/2014 (a)		1,288,000		1,290,357
1.23%, 11/21/2014 (a)		546,000		548,612
1.34%, 11/15/2018 (a)		1,100,000		1,109,890
1.44%, 4/30/2018 (a)		2,450,000		2,481,269

				26,006,442

CHEMICALS — 0.2%
Monsanto Co. 0.44%, 11/7/2016 (a)		500,000		500,778

COMMUNICATIONS EQUIPMENT — 0.8%
Cisco Systems, Inc.:
0.29%, 9/3/2015 (a)		1,200,000		1,199,485
0.52%, 3/3/2017 (a)		1,150,000		1,152,326
0.73%, 3/1/2019 (a)(c)		600,000		602,605

				2,954,416

CONSUMER FINANCE — 2.3%
Caterpillar Financial Services Corp.:
0.38%, 8/27/2014 (a)		600,000		600,609
0.47%, 3/3/2017 (a)		600,000		599,660
0.47%, 2/26/2016 (a)		750,000		751,624
0.59%, 2/9/2015 (a)		730,000		732,026
Hyundai Capital Services, Inc. 1.03%, 3/18/2017 (a)(b)		600,000		600,695
John Deere Capital Corp.:
0.31%, 1/12/2015 (a)		550,000		550,347
0.33%, 2/25/2016 (a)		900,000		899,995
0.34%, 10/8/2014 (a)		2,020,000		2,021,196
0.35%, 6/15/2015 (a)		470,000		470,289
0.39%, 4/25/2014 (a)		470,000		470,100
0.40%, 6/16/2014 (a)		200,000		200,115
0.76%, 9/22/2014 (a)		200,000		200,557

				8,097,213

DIVERSIFIED FINANCIAL SERVICES — 19.1%
American Express Co. 0.83%, 5/22/2018 (a)		950,000		952,495
American Express Credit Corp.:
0.75%, 7/29/2016 (a)		1,300,000		1,308,729
0.78%, 3/18/2019 (a)(c)		600,000		601,456
1.08%, 6/24/2014 (a)		784,000		785,352
1.33%, 6/12/2015 (a)		1,000,000		1,011,498
American Honda Finance Corp.:
0.34%, 11/13/2014 (a)(b)		300,000		300,196
0.46%, 11/3/2014 (a)(b)		500,000		500,673
0.61%, 5/26/2016 (a)(b)		1,400,000		1,406,216
0.63%, 6/18/2014 (a)(b)		1,022,000		1,023,377
0.74%, 10/7/2016 (a)		850,000		856,792
Bank of America Corp.:
0.50%, 10/14/2016 (a)		600,000		595,950
0.70%, 1/15/2015 (a)		472,000		472,892
0.79%, 5/2/2017 (a)		200,000		195,738
1.05%, 3/22/2016 (a)		1,417,000		1,426,837
1.28%, 1/15/2019 (a)		1,000,000		1,011,190
1.30%, 3/22/2018 (a)		1,577,000		1,594,317
Bank of America NA:
0.51%, 6/15/2016 (a)		1,100,000		1,090,455
0.53%, 6/15/2017 (a)(c)		1,500,000		1,475,604
0.71%, 11/14/2016 (a)		1,200,000		1,201,874
0.71%, 2/14/2017 (a)		1,300,000		1,300,010
Caisse Centrale Desjardins 0.52%, 10/29/2015 (a)(b)		600,000		601,319
Citigroup, Inc.:
0.51%, 6/9/2016 (a)		2,810,000		2,775,726
0.52%, 11/5/2014 (a)		2,410,000		2,410,648
0.78%, 3/10/2017 (a)		1,200,000		1,197,234
1.02%, 4/1/2016 (a)		800,000		805,471
1.18%, 4/1/2014 (a)		675,000		675,000
1.20%, 7/25/2016 (a)(c)		2,750,000		2,784,713
1.94%, 5/15/2018 (a)		1,600,000		1,659,290
Ford Motor Credit Co. LLC:
1.06%, 3/12/2019 (a)		1,100,000		1,100,014
1.49%, 5/9/2016 (a)		800,000		813,370
General Electric Capital Corp.:
0.41%, 2/15/2017 (a)(c)		400,000		398,278
0.43%, 5/11/2016 (a)		910,000		908,742
0.44%, 1/8/2016 (a)		1,730,000		1,729,408
0.47%, 1/14/2016 (a)		600,000		600,427
0.49%, 9/15/2014 (a)		2,480,000		2,483,125
0.51%, 8/7/2018 (a)		1,000,000		988,266
0.62%, 7/10/2015 (a)		1,020,000		1,024,014
0.62%, 1/9/2015 (a)		1,300,000		1,303,602
0.75%, 1/14/2019 (a)		600,000		600,565

364

SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

0.84%, 12/11/2015 (a)	$	150,000	$	151,031
0.84%, 1/8/2016 (a)		1,490,000		1,500,220
0.87%, 6/2/2014 (a)		300,000		300,375
0.87%, 4/7/2014 (a)		983,000		983,076
0.89%, 7/12/2016 (a)		1,200,000		1,211,137
0.94%, 4/24/2014 (a)		1,200,000		1,200,388
0.94%, 4/2/2018 (a)		500,000		504,726
1.11%, 5/9/2016 (a)		1,025,000		1,038,304
HSBC Finance Corp. 0.67%, 6/1/2016 (a)		1,450,000		1,447,953
JPMorgan Chase & Co.:
0.69%, 4/23/2015 (a)		3,914,000		3,925,640
0.85%, 2/26/2016 (a)		3,330,000		3,345,971
0.87%, 1/28/2019 (a)(c)		400,000		399,625
0.90%, 10/15/2015 (a)(c)		876,000		880,174
0.98%, 5/2/2014 (a)		3,230,000		3,231,796
1.14%, 1/25/2018 (a)		2,650,000		2,679,900
1.28%, 3/20/2015 (a)		419,000		422,626
Nomura Holdings, Inc. 1.68%, 9/13/2016 (a)		250,000		254,610
RCI Banque SA 2.11%, 4/11/2014 (a)(b)		400,000		400,127

				67,848,542

DIVERSIFIED TELECOMMUNICATION SERVICES — 2.8%
America Movil SAB de CV 1.23%, 9/12/2016 (a)		500,000		505,574
AT&T, Inc.:
0.62%, 2/12/2016 (a)		1,426,000		1,428,863
0.91%, 3/11/2019 (a)(c)		1,200,000		1,200,594
Verizon Communications, Inc.:
0.44%, 3/6/2015 (a)(b)		246,000		245,998
1.76%, 9/15/2016 (a)		2,900,000		2,983,181
1.98%, 9/14/2018 (a)		2,000,000		2,100,390
Vodafone Group PLC 0.62%, 2/19/2016 (a)		1,300,000		1,300,708

				9,765,308

FOOD & STAPLES RETAILING — 0.2%
The Kroger Co. 0.80%, 10/17/2016 (a)		800,000		801,018

FOOD PRODUCTS — 0.6%
Campbell Soup Co. 0.54%, 8/1/2014 (a)		600,000		600,495
General Mills, Inc.:
0.54%, 1/29/2016 (a)		300,000		300,288
0.59%, 5/16/2014 (a)		584,000		584,277
Mondelez International, Inc. 0.78%, 2/1/2019 (a)		600,000		596,038

				2,081,098

HEALTH CARE EQUIPMENT & SUPPLIES — 0.2%
Baxter International, Inc. 0.41%, 12/11/2014 (a)		760,000		760,838

HOUSEHOLD PRODUCTS — 0.2%
The Procter & Gamble Co. 0.32%, 11/4/2016 (a)		700,000		699,824

INSURANCE — 2.5%
Berkshire Hathaway Finance Corp. 0.39%, 1/10/2017 (a)		500,000		500,276
Berkshire Hathaway, Inc. 0.94%, 8/15/2014 (a)		883,000		885,470
Jackson National Life Global Funding 0.58%, 9/30/2015 (a)(b)		350,000		351,203
MetLife Institutional Funding II:
0.61%, 1/6/2015 (a)(b)		750,000		752,113
1.14%, 4/4/2014 (a)(b)		950,000		950,025
Metropolitan Life Global Funding I 0.77%, 7/15/2016 (a)(b)		200,000		201,319
New York Life Global Funding:
0.24%, 7/30/2014 (a)(b)		300,000		300,034
0.27%, 9/19/2014 (a)(b)		584,000		584,200
0.35%, 6/18/2014 (a)(b)		580,000		580,383
0.50%, 4/4/2014 (a)(b)		650,000		650,007
0.59%, 5/23/2016 (a)(b)		500,000		502,457
Pricoa Global Funding I 0.51%, 8/19/2015 (a)(b)		350,000		350,879
Principal Life Global Funding II:
0.39%, 9/19/2014 (a)(b)		700,000		700,424
0.60%, 5/27/2016 (a)(b)		300,000		300,467
0.87%, 7/9/2014 (a)(b)		343,000		343,559
Prudential Financial, Inc. 1.02%, 8/15/2018 (a)		800,000		801,049

				8,753,865

IT SERVICES — 0.1%
Xerox Corp. 1.06%, 5/16/2014 (a)		391,000		391,311

MACHINERY — 0.1%
Eaton Corp. 0.56%, 6/16/2014 (a)		292,000		292,173

MEDIA — 0.8%
NBCUniversal Enterprise, Inc.:
0.78%, 4/15/2016 (a)(b)		584,000		585,564
0.92%, 4/15/2018 (a)(b)(c)		1,319,000		1,326,745
The Walt Disney Co. 0.23%, 2/11/2015 (a)		1,050,000		1,050,070

				2,962,379

METALS & MINING — 0.6%
BHP Billiton Finance USA ,Ltd. 0.48%, 9/30/2016 (a)		950,000		950,980
Glencore Funding LLC 1.39%, 5/27/2016 (a)(b)		600,000		600,786
Rio Tinto Finance USA PLC 1.07%, 6/17/2016 (a)		578,000		582,976

				2,134,742

MULTI-NATIONAL — 1.9%
Asian Development Bank 0.15%, 5/29/2015 (a)		1,200,000		1,199,440
Inter-American Development Bank:
0.15%, 7/29/2015 (a)		400,000		399,949
0.17%, 10/23/2015 (a)		2,350,000		2,347,427
0.20%, 2/11/2016 (a)(c)		1,550,000		1,548,371
0.26%, 9/12/2018 (a)		750,000		749,362
0.27%, 1/15/2019 (a)		600,000		595,802

				6,840,351

MULTILINE RETAIL — 0.2%
Target Corp. 0.41%, 7/18/2014 (a)		723,000		723,407

365

SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

OIL, GAS & CONSUMABLE FUELS — 4.2%
BP Capital Markets PLC:
0.57%, 11/6/2015 (a)	$	400,000	$	401,272
0.66%, 11/7/2016 (a)		400,000		401,651
0.87%, 9/26/2018 (a)(c)		1,100,000		1,109,260
Canadian Natural Resources, Ltd. 0.61%, 3/30/2016 (a)		500,000		499,755
Devon Energy Corp.:
0.68%, 12/15/2015 (a)(c)		600,000		600,718
0.77%, 12/15/2016 (a)		600,000		600,650
Enbridge, Inc. 0.88%, 10/1/2016 (a)		350,000		351,037
Exxon Mobil Corp.:
0.27%, 3/15/2017 (a)		600,000		600,172
0.38%, 3/15/2019 (a)		600,000		599,702
Petrobras Global Finance BV:
1.85%, 5/20/2016 (a)(c)		1,125,000		1,112,344
2.59%, 3/17/2017 (a)(c)		2,000,000		2,007,500
Petroleos Mexicanos 2.26%, 7/18/2018 (a)(c)		450,000		469,125
Schlumberger Investment SA 0.78%, 9/12/2014 (a)(b)		200,000		200,492
Shell International Finance BV:
0.31%, 11/10/2015 (a)		1,000,000		1,000,328
0.45%, 11/15/2016 (a)		1,000,000		1,001,049
Statoil ASA:
0.53%, 5/15/2018 (a)		669,000		668,220
0.70%, 11/8/2018 (a)		900,000		905,312
Total Capital Canada, Ltd. 0.62%, 1/15/2016 (a)		1,280,000		1,287,087
Total Capital International SA 0.81%, 8/10/2018 (a)		600,000		604,141
TransCanada PipeLines, Ltd. 0.91%, 6/30/2016 (a)		550,000		553,916

				14,973,731

PHARMACEUTICALS — 1.7%
AbbVie, Inc. 1.00%, 11/6/2015 (a)		1,000,000		1,009,865
Johnson & Johnson:
0.30%, 11/28/2016 (a)		1,000,000		1,001,069
0.33%, 5/15/2014 (a)		850,000		850,106
McKesson Corp. 0.64%, 9/10/2015 (a)		600,000		600,608
Merck & Co., Inc.:
0.43%, 5/18/2016 (a)		742,000		743,982
0.60%, 5/18/2018 (a)		1,352,000		1,354,820
Pfizer, Inc. 0.53%, 6/15/2018 (a)		495,000		495,450

				6,055,900

ROAD & RAIL — 0.1%
Canadian National Railway Co. 0.44%, 11/6/2015 (a)		209,000		209,001

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 2.4%
Apple, Inc.:
0.29%, 5/3/2016 (a)		1,176,000		1,175,792
0.49%, 5/3/2018 (a)(c)		2,439,000		2,440,061
Hewlett-Packard Co.:
0.63%, 5/30/2014 (a)		350,000		350,155
1.18%, 1/14/2019 (a)		900,000		902,093
1.78%, 9/19/2014 (a)		490,000		493,200
International Business Machines Corp.:
0.22%, 2/4/2015 (a)		1,800,000		1,800,400
0.27%, 7/29/2015 (a)		650,000		650,188
0.30%, 2/5/2016 (a)		400,000		400,219
0.60%, 2/12/2019 (a)		400,000		400,957

				8,613,065

TOBACCO — 0.1%
Philip Morris International, Inc. 0.28%, 2/26/2015 (a)		460,000		460,003

TOTAL CORPORATE BONDS & NOTES —
(Cost $347,273,144)				348,301,489

FOREIGN GOVERNMENT OBLIGATIONS — 1.9%
BANKS — 1.2%
Bank Nederlandse Gemeenten 0.41%, 7/18/2016 (a)(b)		1,292,000		1,294,778
Nederlandse Waterschapsbank NV 0.29%, 10/27/2014 (a)(d)(b)		2,800,000		2,800,112

				4,094,890

DIVERSIFIED FINANCIAL SERVICES — 0.3%
Export Development Canada 0.16%, 6/17/2015 (a)(b)		1,000,000		999,070

REGIONAL (STATE/PROVINCE) — 0.4%
Province of Ontario Canada:
0.29%, 8/13/2015 (a)		800,000		799,616
0.38%, 4/1/2015 (a)		650,000		650,905

				1,450,521

TOTAL FOREIGN GOVERNMENT OBLIGATIONS —
(Cost $6,542,739)				6,544,481

	Shares
SHORT TERM INVESTMENTS — 4.1%
MONEY MARKET FUNDS — 4.1%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		13,116,913		13,116,913
State Street Institutional Liquid Reserves Fund 0.08% (f)(g)		1,493,982		1,493,982

TOTAL SHORT TERM INVESTMENTS — (h)
(Cost $14,610,895)				14,610,895

TOTAL INVESTMENTS — 104.1% (i)
(Cost $368,426,778)				369,456,865
OTHER ASSETS & LIABILITIES — (4.1)%				(14,491,316	)

NET ASSETS — 100.0%			$	354,965,549

366

SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


(a)		Variable rate security. Rate shown is rate in effect at March 31, 2014. Maturity date disclosed is the ultimate maturity.
(b)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 24.0% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c)		A portion of the security was on loan at March 31, 2014.
(d)		Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(e)		Investments of cash collateral for securities loaned
(f)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(g)		The rate shown is the annualized seven-day yield at period end.
(h)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(i)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

367

SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 97.2%
BARBADOS — 0.4%
Columbus International, Inc. 7.38%, 3/30/2021 (a)		75,000	$	77,156

BERMUDA — 1.2%
Qtel International Finance, Ltd. 4.75%, 2/16/2021 (a)		200,000		214,520

BRAZIL — 7.8%
Banco BTG Pactual SA 4.00%, 1/16/2020 (a)		100,000		93,500
Banco do Brasil SA 3.88%, 10/10/2022 (b)		100,000		93,000
Banco Santander Brasil SA 4.63%, 2/13/2017 (a)		150,000		157,875
Banco Votorantim SA 5.25%, 2/11/2016 (a)		100,000		103,250
Centrais Eletricas Brasileiras SA 5.75%, 10/27/2021 (a)		150,000		147,750
Embraer Overseas, Ltd. 5.70%, 9/16/2023 (a)		100,000		103,750
Hypermarcas SA 6.50%, 4/20/2021 (a)		75,000		81,188
Marfrig Overseas, Ltd. 9.50%, 5/4/2020 (a)		100,000		100,375
Odebrecht Finance, Ltd. 7.50%, 12/31/2049 (a)		150,000		151,125
Odebrecht Offshore Drilling Finance, Ltd. 6.75%, 10/1/2022 (a)		97,290		100,938
Samarco Mineracao SA 5.75%, 10/24/2023 (a)		100,000		100,625
Telemar Norte Leste SA 5.50%, 10/23/2020 (a)(b)		150,000		147,750

				1,381,126

BRITISH VIRGIN ISLANDS — 8.1%
CNOOC Finance 2011, Ltd. 4.25%, 1/26/2021 (a)		100,000		103,089
CNOOC Finance 2013, Ltd.:
3.00%, 5/9/2023 (b)		150,000		135,709
4.25%, 5/9/2043 (b)		125,000		110,246
CNPC General Capital, Ltd. 2.75%, 4/19/2017 (a)		200,000		204,019
Gerdau Trade, Inc. 5.75%, 1/30/2021 (a)(b)		200,000		205,000
Sinochem Overseas Capital Co., Ltd. 4.50%, 11/12/2020 (a)		100,000		103,277
Sinopec Capital 2013, Ltd. 3.13%, 4/24/2023 (a)		100,000		91,158
Sinopec Group Overseas Development 2012, Ltd. 2.75%, 5/17/2017 (a)		200,000		205,127
State Grid Overseas Investment 2013, Ltd. 3.13%, 5/22/2023 (a)(b)		100,000		94,056
Talent Yield Investments, Ltd. 4.50%, 4/25/2022 (a)		100,000		99,834
TSMC Global, Ltd. 1.63%, 4/3/2018 (a)		100,000		96,944

				1,448,459

CANADA — 0.9%
Nexen Energy ULC 6.40%, 5/15/2037		50,000		57,525
Pacific Rubiales Energy Corp. 5.13%, 3/28/2023 (a)		100,000		97,250

				154,775

CAYMAN ISLANDS — 10.1%
Braskem Finance, Ltd. 5.75%, 4/15/2021 (a)		200,000		199,750
Country Garden Holdings Co., Ltd. 11.25%, 4/22/2017 (a)		100,000		105,375
Evergrande Real Estate Group, Ltd. 13.00%, 1/27/2015 (a)		100,000		104,250
Hutchison Whampoa International 11, Ltd.:
3.50%, 1/13/2017 (a)		200,000		210,113
4.63%, 1/13/2022 (a)		100,000		105,544
Kuwait Projects Co. 9.38%, 7/15/2020		100,000		125,050
Petrobras International Finance Co.:
3.50%, 2/6/2017 (b)		300,000		303,241
5.38%, 1/27/2021 (b)		100,000		101,132
6.75%, 1/27/2041		150,000		145,363
Vale Overseas, Ltd.:
4.38%, 1/11/2022 (b)		75,000		74,462
5.63%, 9/15/2019		100,000		110,451
6.88%, 11/21/2036		200,000		213,095

				1,797,826

CHILE — 2.4%
Cencosud SA 4.88%, 1/20/2023 (a)(b)		100,000		96,732
Corp Nacional del Cobre de Chile:
3.88%, 11/3/2021 (a)(b)		100,000		100,590
5.63%, 9/21/2035 (a)		125,000		129,418
Empresa Nacional del Petroleo 4.75%, 12/6/2021 (a)(b)		100,000		102,946

				429,686

CHINA — 1.2%
Baidu, Inc. 3.25%, 8/6/2018		100,000		102,107
China Resources Land, Ltd. 4.63%, 5/19/2016 (a)		100,000		104,015

				206,122

COLOMBIA — 2.7%
Bancolombia SA 5.95%, 6/3/2021 (b)		100,000		106,750
Ecopetrol SA:
7.38%, 9/18/2043		50,000		57,062
7.63%, 7/23/2019 (b)		100,000		119,875
Grupo Aval, Ltd. 4.75%, 9/26/2022 (a)		100,000		96,500
Transportadora de Gas Internacional SA ESP 5.70%, 3/20/2022 (a)		100,000		104,000

				484,187

HONG KONG — 1.2%
MCE Finance, Ltd. 5.00%, 2/15/2021 (a)(b)		100,000		100,000

368

SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Noble Group, Ltd. 6.75%, 1/29/2020 (a)		100,000	$	108,000

				208,000

INDIA — 1.2%
ICICI Bank, Ltd. 4.75%, 11/25/2016 (a)		200,000		210,599

INDONESIA — 1.0%
Pertamina Persero PT:
4.30%, 5/20/2023 (a)(b)		100,000		90,125
6.00%, 5/3/2042 (a)		100,000		88,500

				178,625

IRELAND — 3.8%
Alfa Bank OJSC Via Alfa Bond Issuance PLC 7.88%, 9/25/2017 (a)(b)		100,000		105,750
Gazprombank OJSC Via GPB Eurobond Finance PLC 6.50%, 9/23/2015		100,000		103,750
Metalloinvest Finance, Ltd. 5.63%, 4/17/2020 (a)(b)		100,000		94,000
Mobile Telesystems OJSC via MTS International Funding, Ltd. 5.00%, 5/30/2023 (a)		100,000		92,375
Novatek OAO via Novatek Finance, Ltd. 4.42%, 12/13/2022 (a)(b)		100,000		87,875
OJSC Novolipetsk Steel via Steel Funding, Ltd. 4.45%, 2/19/2018 (a)		100,000		97,500
Rosneft Oil Co. via Rosneft International Finance, Ltd. 4.20%, 3/6/2022 (a)(b)		100,000		88,375

				669,625

ISRAEL — 0.6%
Israel Electric Corp., Ltd. 6.70%, 2/10/2017 (a)(b)		100,000		108,800

JAMAICA — 0.7%
Digicel Group, Ltd. 10.50%, 4/15/2018 (a)		125,000		132,500

LUXEMBOURG — 8.3%
ALROSA Finance SA 7.75%, 11/3/2020 (a)		50,000		52,750
CSN Resources SA 6.50%, 7/21/2020 (a)		100,000		102,000
Evraz Group SA 9.50%, 4/24/2018 (a)		100,000		101,500
Gazprom Neft OAO Via GPN Capital SA 4.38%, 9/19/2022 (a)		100,000		88,750
Gazprom OAO Via Gaz Capital SA:
7.29%, 8/16/2037 (a)		100,000		103,000
9.25%, 4/23/2019 (a)		300,000		354,000
Russian Agricultural Bank OJSC Via RSHB Capital SA 5.10%, 7/25/2018 (a)		150,000		146,250
Sberbank of Russia Via SB Capital SA 6.13%, 2/7/2022 (a)(b)		100,000		103,000
Severstal OAO Via Steel Capital SA 6.70%, 10/25/2017 (a)		100,000		103,500
TNK-BP Finance SA 7.50%, 7/18/2016 (a)(b)		100,000		108,375
VTB Bank OJSC Via VTB Capital SA 6.00%, 4/12/2017 (a)		200,000		206,000

				1,469,125

MALAYSIA — 1.1%
Petronas Capital, Ltd. 5.25%, 8/12/2019 (a)		175,000		196,825

MEXICO — 9.8%
Alfa SAB de CV:
5.25%, 3/25/2024 (a)		50,000		51,250
6.88%, 3/25/2044 (a)		25,000		25,719
America Movil SAB de CV:
5.00%, 3/30/2020 (b)		200,000		219,126
6.13%, 3/30/2040 (b)		125,000		141,069
Coca-Cola Femsa SAB de CV 3.88%, 11/26/2023		50,000		50,201
Comision Federal de Electricidad:
4.88%, 1/15/2024 (a)		50,000		50,750
5.75%, 2/14/2042 (a)		50,000		48,750
Fomento Economico Mexicano SAB de CV 4.38%, 5/10/2043		50,000		43,602
Grupo Bimbo SAB de CV 4.50%, 1/25/2022 (a)		100,000		102,818
Grupo Televisa SA 6.63%, 3/18/2025 (b)		100,000		115,924
Petroleos Mexicanos:
3.50%, 1/30/2023 (b)		150,000		141,150
5.50%, 1/21/2021 (b)		400,000		437,000
6.38%, 1/23/2045 (a)(b)		50,000		53,937
6.50%, 6/2/2041 (b)		235,000		257,325

				1,738,621

NETHERLANDS — 8.4%
Bharti Airtel International Netherlands BV 5.13%, 3/11/2023 (a)		100,000		99,375
Kazakhstan Temir Zholy Finance BV 6.95%, 7/10/2042 (a)		50,000		51,000
KazMunaiGaz Finance Sub BV 6.38%, 4/9/2021 (a)(b)		200,000		218,000
Lukoil International Finance BV 6.13%, 11/9/2020 (a)		200,000		207,000
Majapahit Holding BV 7.75%, 1/20/2020 (a)		150,000		172,125
Myriad International Holdings BV 6.00%, 7/18/2020 (a)		100,000		108,500
Petrobras Global Finance BV:
4.38%, 5/20/2023 (b)		200,000		183,004
4.88%, 3/17/2020		200,000		200,441
VimpelCom Holdings BV 7.50%, 3/1/2022 (a)(b)		200,000		202,720
VTR Finance BV 6.88%, 1/15/2024 (a)		50,000		52,000

				1,494,165

PERU — 0.8%
Banco de Credito del Peru 4.25%, 4/1/2023 (a)(b)		54,000		51,773

369

SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

BBVA Banco Continental SA 3.25%, 4/8/2018 (a)		100,000	$	100,500

				152,273

SINGAPORE — 0.6%
DBS Bank, Ltd. 2.38%, 9/14/2015		50,000		51,211
Flextronics International, Ltd. 4.63%, 2/15/2020 (b)		50,000		50,438

				101,649

SOUTH AFRICA — 1.6%
AngloGold Ashanti Holdings PLC 5.13%, 8/1/2022 (b)		100,000		93,238
Eskom Holdings SOC, Ltd. 5.75%, 1/26/2021 (a)		100,000		102,000
Transnet SOC, Ltd. 4.00%, 7/26/2022 (a)		100,000		91,951

				287,189

SOUTH KOREA — 5.9%
Hana Bank 4.50%, 10/30/2015 (a)		100,000		105,245
Hyundai Capital Services, Inc. 3.50%, 9/13/2017 (a)		100,000		104,632
Korea Gas Corp. 2.88%, 7/29/2018 (a)(b)		125,000		126,848
Korea Hydro & Nuclear Power Co., Ltd. 2.88%, 10/2/2018 (a)(b)		150,000		152,497
Korea National Oil Corp. 3.13%, 4/3/2017 (a)		150,000		156,315
Korea Western Power Co., Ltd. 3.13%, 5/10/2017 (a)		100,000		103,918
NongHyup Bank 2.25%, 9/19/2017 (a)		100,000		101,402
POSCO 4.25%, 10/28/2020 (a)		100,000		104,476
Woori Bank Co., Ltd. 2.88%, 10/2/2018 (a)		100,000		101,451

				1,056,784

SPAIN — 1.6%
Cemex Espana Luxembourg 9.88%, 4/30/2019 (a)		250,000		290,000

THAILAND — 1.1%
Bangkok Bank PCL 3.88%, 9/27/2022 (a)		100,000		96,011
PTT Exploration & Production PCL 3.71%, 9/16/2018 (a)		100,000		102,667

				198,678

TRINIDAD AND TOBAGO — 0.5%
Petroleum Co. of Trinidad & Tobago, Ltd. 9.75%, 8/14/2019 (a)		75,000		93,563

TURKEY — 3.3%
Akbank TAS 5.13%, 7/22/2015 (a)		100,000		102,250
Turkiye Garanti Bankasi AS 5.25%, 9/13/2022 (a)		100,000		95,500
Turkiye Halk Bankasi AS 3.88%, 2/5/2020 (a)(b)		100,000		91,500
Turkiye Is Bankasi 5.50%, 4/21/2019 (a)		100,000		100,750
Turkiye Vakiflar Bankasi Tao 5.00%, 10/31/2018 (a)		100,000		98,620
Yapi ve Kredi Bankasi AS 4.00%, 1/22/2020 (a)		100,000		91,480

				580,100

UNITED ARAB EMIRATES — 4.0%
Abu Dhabi National Energy Co. 5.88%, 12/13/2021 (a)		250,000		286,562
Dolphin Energy, Ltd. 5.89%, 6/15/2019 (a)		66,460		74,169
DP World, Ltd. 6.85%, 7/2/2037 (a)(b)		100,000		108,150
Dubai Electricity & Water Authority 7.38%, 10/21/2020 (a)		100,000		120,625
Saudi Electricity Global Sukuk Co. 2 3.47%, 4/8/2023 (a)		125,000		122,188

				711,694

UNITED KINGDOM — 0.6%
Vedanta Resources PLC 8.25%, 6/7/2021 (a)(b)		100,000		106,000

UNITED STATES — 4.1%
Hyundai Capital America 2.13%, 10/2/2017 (a)		125,000		125,910
JBS USA LLC/JBS USA Finance, Inc. 7.25%, 6/1/2021 (a)		175,000		186,375
Reliance Holdings USA, Inc. 4.50%, 10/19/2020 (a)		150,000		151,851
Southern Copper Corp. 6.75%, 4/16/2040		100,000		101,774
Teva Pharmaceutical Finance Co. BV 2.40%, 11/10/2016		100,000		103,326
Teva Pharmaceutical Finance Co. LLC 6.15%, 2/1/2036 (b)		50,000		56,817

				726,053

VENEZUELA — 2.2%
Petroleos de Venezuela SA:
6.00%, 11/15/2026 (a)		100,000		54,250
8.50%, 11/2/2017 (a)		200,000		167,500
9.00%, 11/17/2021 (a)		100,000		74,500
12.75%, 2/17/2022 (a)		100,000		90,750

				387,000

TOTAL CORPORATE BONDS & NOTES —
(Cost $17,451,779)				17,291,725

	Shares
SHORT TERM INVESTMENTS — 20.0%
MONEY MARKET FUNDS — 20.0%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		2,753,445		2,753,445

370

SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


Security Description	Shares		Value
State Street Institutional Liquid Reserves Fund 0.08% (d)(e)		799,222	$	799,222

TOTAL SHORT TERM INVESTMENTS — (f)
(Cost $3,552,667)				3,552,667

TOTAL INVESTMENTS — 117.2% (g)
(Cost $21,004,446)				20,844,392
OTHER ASSETS & LIABILITIES — (17.2)%				(3,052,177	)

NET ASSETS — 100.0%			$	17,792,215


(a)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 73.6% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Investments of cash collateral for securities loaned
(d)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(e)		The rate shown is the annualized seven-day yield at period end.
(f)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(g)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PCL = Public Company Limited

PLC = Public Limited Company

ULC = Unlimited Liability Corporation

371

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CORPORATE BONDS & NOTES — 97.1%
AEROSPACE & DEFENSE — 1.8%
Aviation Capital Group Corp. 3.88%, 9/27/2016 (a)	$	100,000	$	103,589
BAE Systems Holdings, Inc. 6.38%, 6/1/2019 (a)		50,000		57,671
BE Aerospace, Inc. 5.25%, 4/1/2022		75,000		77,156
Bombardier, Inc. 7.75%, 3/15/2020 (a)(b)		75,000		84,000
Huntington Ingalls Industries, Inc. 7.13%, 3/15/2021		50,000		55,187
L-3 Communications Corp.:
4.75%, 7/15/2020		25,000		26,199
5.20%, 10/15/2019		25,000		27,290
Northrop Grumman Corp.:
3.25%, 8/1/2023		25,000		23,938
4.75%, 6/1/2043		25,000		25,132
Triumph Group, Inc. 4.88%, 4/1/2021 (b)		50,000		49,250

				529,412

AIR FREIGHT & LOGISTICS — 0.3%
FedEx Corp. 4.90%, 1/15/2034		50,000		51,366
Penske Truck Leasing Co. Lp/PTL Finance Corp. 2.88%, 7/17/2018 (a)		50,000		50,794

				102,160

AIRLINES — 0.2%
Southwest Airlines Co. 5.75%, 12/15/2016		50,000		55,517

AUTO COMPONENTS — 0.5%
Dana Holding Corp. 5.38%, 9/15/2021		50,000		52,000
Delphi Corp. 5.00%, 2/15/2023		50,000		53,000
Johnson Controls, Inc. 5.50%, 1/15/2016		50,000		54,031

				159,031

AUTOMOBILES — 0.8%
Ford Motor Co. 4.75%, 1/15/2043 (b)		50,000		48,351
General Motors Co. 3.50%, 10/2/2018 (a)		100,000		101,875
Jaguar Land Rover Automotive PLC 5.63%, 2/1/2023 (a)(b)		75,000		78,188

				228,414

BANKS — 4.4%
Barclays Bank PLC:
7.63%, 11/21/2022		125,000		137,812
7.75%, 4/10/2023 (b)		50,000		55,125
BBVA US Senior SAU 4.66%, 10/9/2015		75,000		78,765
CIT Group, Inc.:
4.25%, 8/15/2017 (b)		250,000		261,875
5.00%, 8/15/2022 (b)		50,000		51,875
Credit Suisse of New York, NY 5.40%, 1/14/2020		50,000		55,673
Discover Bank/Greenwood DE 2.00%, 2/21/2018		25,000		24,887
Eksportfinans ASA 5.50%, 5/25/2016		100,000		105,500
Fifth Third Bancorp 8.25%, 3/1/2038		25,000		35,207
Intesa Sanpaolo SpA 3.88%, 1/16/2018 (b)		50,000		51,750
KeyCorp 5.10%, 3/24/2021		50,000		55,810
Lloyds TSB Bank PLC 6.50%, 9/14/2020 (a)(b)		100,000		114,255
Royal Bank of Scotland Group PLC:
6.00%, 12/19/2023		100,000		102,395
6.13%, 12/15/2022 (b)		75,000		78,546
SunTrust Banks, Inc. 2.75%, 5/1/2023		50,000		46,828

				1,256,303

BEVERAGES — 1.3%
Constellation Brands, Inc.:
3.75%, 5/1/2021 (b)		50,000		48,875
4.25%, 5/1/2023 (b)		25,000		24,437
6.00%, 5/1/2022 (b)		50,000		55,250
Dr. Pepper Snapple Group, Inc. 6.82%, 5/1/2018		25,000		29,266
Heineken NV 1.40%, 10/1/2017 (a)		50,000		49,782
Pernod-Ricard SA:
2.95%, 1/15/2017 (a)		25,000		25,909
5.50%, 1/15/2042 (a)		25,000		27,197
SABMiller Holdings, Inc.:
1.85%, 1/15/2015 (a)		50,000		50,476
3.75%, 1/15/2022 (a)(b)		25,000		25,551
4.95%, 1/15/2042 (a)		25,000		26,177

				362,920

BIOTECHNOLOGY — 1.1%
Amgen, Inc.:
3.63%, 5/15/2022		50,000		50,721
6.40%, 2/1/2039		100,000		121,466
Celgene Corp. 3.25%, 8/15/2022 (b)		50,000		48,728
Gilead Sciences, Inc.:
4.50%, 4/1/2021 (b)		50,000		54,752
4.80%, 4/1/2044		50,000		51,555

				327,222

BUILDING MATERIALS — 0.1%
CRH America, Inc. 6.00%, 9/30/2016		25,000		27,787

BUILDING PRODUCTS — 0.7%
Building Materials Corp. of America 6.75%, 5/1/2021 (a)		50,000		54,250
Lafarge SA 7.13%, 7/15/2036 (c)		50,000		53,500
Masco Corp. 5.95%, 3/15/2022		100,000		108,500

				216,250

372

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

CAPITAL MARKETS — 0.5%
Morgan Stanley 4.88%, 11/1/2022 (b)	$	50,000	$	52,539
The Goldman Sachs Group, Inc. 6.75%, 10/1/2037		75,000		85,914

				138,453

CHEMICALS — 2.5%
Agrium, Inc. 4.90%, 6/1/2043 (b)		25,000		24,707
Ashland, Inc. 4.75%, 8/15/2022		75,000		73,594
Celanese US Holdings LLC 4.63%, 11/15/2022 (b)		50,000		49,250
CF Industries, Inc.:
3.45%, 6/1/2023		25,000		24,094
4.95%, 6/1/2043 (b)		25,000		24,299
Eagle Spinco, Inc. 4.63%, 2/15/2021 (a)(b)		50,000		49,437
Eastman Chemical Co. 3.60%, 8/15/2022		25,000		24,813
Ecolab, Inc. 3.00%, 12/8/2016		50,000		52,394
Ineos Finance PLC 8.38%, 2/15/2019 (a)(b)(c)		100,000		110,500
LyondellBasell Industries NV 5.00%, 4/15/2019 (b)		50,000		55,673
PolyOne Corp. 7.38%, 9/15/2020		25,000		27,375
Rockwood Specialties Group, Inc. 4.63%, 10/15/2020		50,000		51,625
Rohm & Haas Co. 7.85%, 7/15/2029		25,000		33,045
The Dow Chemical Co. 4.25%, 11/15/2020 (b)		100,000		105,776
Westlake Chemical Corp. 3.60%, 7/15/2022		28,000		27,111

				733,693

COMMERCIAL SERVICES & SUPPLIES — 1.6%
Clean Harbors, Inc. 5.25%, 8/1/2020 (b)		50,000		51,500
ERAC USA Finance LLC 7.00%, 10/15/2037 (a)		50,000		62,883
FTI Consulting, Inc. 6.75%, 10/1/2020 (b)		25,000		26,938
Republic Services, Inc. 3.55%, 6/1/2022 (b)		50,000		50,089
RR Donnelley & Sons Co. 8.25%, 3/15/2019		50,000		59,500
The ADT Corp.:
3.50%, 7/15/2022 (b)		50,000		43,951
4.88%, 7/15/2042		50,000		41,185
The Western Union Co. 2.88%, 12/10/2017		50,000		51,047
Waste Management, Inc. 6.38%, 3/11/2015		75,000		78,917

				466,010

CONSTRUCTION MATERIALS — 0.2%
Vulcan Materials Co. 7.50%, 6/15/2021 (b)		50,000		58,875

CONSUMER FINANCE — 1.5%
SLM Corp.:
5.50%, 1/25/2023 (b)		75,000		73,594
6.00%, 1/25/2017		200,000		218,000
6.13%, 3/25/2024		25,000		24,969
6.25%, 1/25/2016		100,000		107,500

				424,063

CONTAINERS & PACKAGING — 0.8%
Ball Corp. 5.00%, 3/15/2022		75,000		76,875
Crown Americas LLC/Crown Americas Capital Corp. IV 4.50%, 1/15/2023		50,000		47,750
Owens-Brockway Glass Container, Inc. 7.38%, 5/15/2016		50,000		55,375
Rock Tenn Co. 4.90%, 3/1/2022		50,000		53,464

				233,464

DISTRIBUTORS — 0.1%
Glencore Funding LLC 4.13%, 5/30/2023 (a)(b)		25,000		23,877

DIVERSIFIED FINANCIAL SERVICES — 7.8%
Aircastle, Ltd.:
5.13%, 3/15/2021		25,000		25,031
6.25%, 12/1/2019		60,000		64,800
Ally Financial, Inc.:
2.75%, 1/30/2017 (b)		100,000		101,000
3.50%, 1/27/2019 (b)		105,000		105,000
4.63%, 6/26/2015		200,000		207,250
8.00%, 11/1/2031		100,000		123,250
Bank of America Corp. 5.42%, 3/15/2017		100,000		110,175
Capital One Financial Corp. 2.15%, 3/23/2015		100,000		101,504
Citigroup, Inc.:
4.88%, 5/7/2015		50,000		52,092
6.13%, 8/25/2036		50,000		54,701
CNH Capital LLC 3.88%, 11/1/2015		29,000		29,798
Ford Motor Credit Co. LLC:
4.25%, 2/3/2017 (b)		150,000		161,057
5.63%, 9/15/2015		75,000		79,947
12.00%, 5/15/2015		45,000		50,509
General Motors Financial Co., Inc.:
2.75%, 5/15/2016		75,000		75,983
4.75%, 8/15/2017		50,000		53,438
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
3.50%, 3/15/2017 (a)		100,000		101,000
4.88%, 3/15/2019 (a)		25,000		25,438
6.00%, 8/1/2020 (a)(b)		25,000		26,500
International Lease Finance Corp.:
4.88%, 4/1/2015 (b)		150,000		155,439
5.88%, 4/1/2019 (b)		50,000		54,625
5.88%, 8/15/2022 (b)		75,000		79,312
6.50%, 9/1/2014 (a)(c)		50,000		51,063
Jefferies Group LLC:
5.13%, 1/20/2023		25,000		26,275
6.50%, 1/20/2043		25,000		26,185

373

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Macquarie Group, Ltd. 7.63%, 8/13/2019 (a)	$	50,000	$	59,930
Neuberger Berman Group LLC/Neuberger Berman Finance Corp. 5.63%, 3/15/2020 (a)(b)(c)		50,000		52,500
Nomura Holdings, Inc. 5.00%, 3/4/2015		50,000		51,932
ORIX Corp. 4.71%, 4/27/2015		50,000		52,156
The Nasdaq OMX Group, Inc. 5.25%, 1/16/2018 (b)		25,000		27,504
UBS AG of Stamford, CT 7.63%, 8/17/2022		50,000		58,644

				2,244,038

DIVERSIFIED TELECOMMUNICATION SERVICES — 6.1%
British Telecommunications PLC 9.63%, 12/15/2030		25,000		38,646
CC Holdings GS V LLC/Crown Castle GS III Corp. 3.85%, 4/15/2023		50,000		48,639
CenturyLink, Inc.:
5.63%, 4/1/2020 (b)		100,000		105,125
5.80%, 3/15/2022 (b)		50,000		51,125
7.65%, 3/15/2042		50,000		47,188
Deutsche Telekom International Finance BV 2.25%, 3/6/2017 (a)		100,000		102,286
Frontier Communications Corp.:
7.63%, 4/15/2024		50,000		52,250
8.50%, 4/15/2020 (b)		125,000		145,312
Koninklijke KPN NV 7.00%, 3/28/2073 (a)(b)		50,000		51,737
Sable International Finance, Ltd. 8.75%, 2/1/2020 (a)		50,000		56,375
Softbank Corp. 4.50%, 4/15/2020 (a)(b)		100,000		99,500
Sprint Nextel Corp. 7.00%, 3/1/2020 (a)		125,000		144,062
UPCB Finance VI, Ltd. 6.88%, 1/15/2022 (a)(b)		75,000		81,750
Verizon Communications, Inc.:
2.50%, 9/15/2016		100,000		103,547
4.50%, 9/15/2020 (b)		125,000		135,755
5.05%, 3/15/2034		25,000		25,530
6.40%, 9/15/2033		100,000		118,725
6.55%, 9/15/2043		150,000		182,540
Virgin Media Secured Finance PLC 5.38%, 4/15/2021 (a)(b)		100,000		103,250
Wind Acquisition Finance SA 7.25%, 2/15/2018 (a)		50,000		52,750

				1,746,092

ELECTRIC UTILITIES — 5.7%
AEP Texas Central Co. 6.65%, 2/15/2033		50,000		61,776
Calpine Corp. 7.88%, 1/15/2023 (a)(b)		132,000		147,840
CMS Energy Corp. 4.25%, 9/30/2015		25,000		26,181
Dominion Resources, Inc.:
1.40%, 9/15/2017		50,000		49,286
1.95%, 8/15/2016		75,000		76,414
DPL, Inc.:
6.50%, 10/15/2016		50,000		54,000
7.25%, 10/15/2021 (b)		50,000		51,625
Duke Energy Corp. 3.05%, 8/15/2022		50,000		48,647
EDP Finance BV 6.00%, 2/2/2018 (a)		100,000		108,500
Enel Finance International NV 6.00%, 10/7/2039 (a)		50,000		52,238
Exelon Generation Co. LLC 6.20%, 10/1/2017 (b)		75,000		84,743
FirstEnergy Corp. 4.25%, 3/15/2023		75,000		72,745
Iberdrola Finance Ireland, Ltd. 3.80%, 9/11/2014 (a)(b)		25,000		25,327
Kansas City Power & Light Co. 3.15%, 3/15/2023		50,000		47,647
NextEra Energy Capital Holdings, Inc. 1.20%, 6/1/2015		50,000		50,231
NV Energy, Inc. 6.25%, 11/15/2020 (b)		50,000		58,373
Oncor Electric Delivery Co. LLC 4.10%, 6/1/2022 (a)		50,000		52,386
Pacific Gas & Electric Co.:
4.45%, 4/15/2042 (b)		25,000		24,543
5.80%, 3/1/2037		25,000		28,808
PG&E Corp. 5.75%, 4/1/2014		50,000		50,000
PPL Capital Funding, Inc.:
3.40%, 6/1/2023		50,000		48,371
4.20%, 6/15/2022 (b)		40,000		41,475
Progress Energy, Inc. 7.75%, 3/1/2031		75,000		102,487
Puget Energy, Inc. 5.63%, 7/15/2022 (b)		50,000		56,985
Southwestern Electric Power Co. 5.55%, 1/15/2017		75,000		82,430
The AES Corp.:
7.38%, 7/1/2021		50,000		57,000
8.00%, 10/15/2017		7,000		8,286
The Toledo Edison Co. 6.15%, 5/15/2037		50,000		58,158

				1,626,502

ELECTRICAL EQUIPMENT — 0.4%
Agilent Technologies, Inc. 3.88%, 7/15/2023		25,000		24,712
Jabil Circuit, Inc. 4.70%, 9/15/2022 (b)		50,000		49,437
Roper Industries, Inc. 2.05%, 10/1/2018		50,000		49,172

				123,321

ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.3%
Avnet, Inc. 6.00%, 9/1/2015		25,000		26,699
Rexel SA 5.25%, 6/15/2020 (a)		50,000		51,125

				77,824

374

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

ENERGY EQUIPMENT & SERVICES — 0.5%
Nabors Industries, Inc. 4.63%, 9/15/2021	$	50,000	$	51,655
Weatherford International, Ltd./Bermuda:
5.95%, 4/15/2042 (b)		50,000		53,872
6.50%, 8/1/2036		25,000		28,030

				133,557

FOOD & STAPLES RETAILING — 0.8%
CVS Caremark Corp.:
2.75%, 12/1/2022 (b)		25,000		23,583
5.75%, 6/1/2017		50,000		56,554
6.13%, 9/15/2039		25,000		30,145
Safeway, Inc. 4.75%, 12/1/2021		50,000		51,111
The Kroger Co. 5.15%, 8/1/2043 (b)		25,000		25,738
Walgreen Co. 1.80%, 9/15/2017 (b)		50,000		50,336

				237,467

FOOD PRODUCTS — 1.6%
ConAgra Foods, Inc.:
3.20%, 1/25/2023 (b)		25,000		23,877
4.65%, 1/25/2043 (b)		25,000		24,091
General Mills, Inc. 5.70%, 2/15/2017		50,000		56,007
Hawk Acquisition Sub, Inc. 4.25%, 10/15/2020 (a)(b)		100,000		98,375
Kellogg Co. 1.13%, 5/15/2015		25,000		25,151
Kraft Foods Group, Inc.:
2.25%, 6/5/2017		50,000		51,253
3.50%, 6/6/2022 (b)		25,000		25,151
5.00%, 6/4/2042		25,000		26,179
6.13%, 8/23/2018		25,000		29,013
Mondelez International, Inc. 5.38%, 2/10/2020		50,000		56,525
The Kroger Co. 3.90%, 10/1/2015		50,000		52,313

				467,935

GAS UTILITIES — 0.1%
AGL Capital Corp. 4.40%, 6/1/2043		25,000		24,452

HEALTH CARE EQUIPMENT & SUPPLIES — 0.2%
Boston Scientific Corp. 6.25%, 11/15/2015		50,000		54,123

HEALTH CARE PROVIDERS & SERVICES — 3.6%
Aetna, Inc.:
1.50%, 11/15/2017		25,000		24,948
2.75%, 11/15/2022		25,000		23,483
4.13%, 11/15/2042 (b)		25,000		23,285
6.75%, 12/15/2037		25,000		32,123
Aviv Healthcare Properties LP/Aviv Healthcare Capital Corp. 6.00%, 10/15/2021		100,000		103,750
Cardinal Health, Inc. 1.70%, 3/15/2018		25,000		24,781
CHS/Community Health Systems, Inc. 5.13%, 8/15/2018		50,000		52,500
CIGNA Corp. 4.00%, 2/15/2022 (b)		50,000		51,847
Fresenius Medical Care US Finance II, Inc. 5.63%, 7/31/2019 (a)(b)		100,000		107,750
HCA, Inc.:
4.75%, 5/1/2023 (b)		75,000		74,156
5.00%, 3/15/2024 (b)		50,000		50,094
7.25%, 9/15/2020		100,000		108,125
Humana, Inc. 4.63%, 12/1/2042		25,000		24,110
Quest Diagnostics, Inc. 4.70%, 4/1/2021		25,000		26,569
Tenet Healthcare Corp.:
4.75%, 6/1/2020 (b)		75,000		75,563
6.00%, 10/1/2020 (a)		100,000		107,000
WellPoint, Inc.:
3.13%, 5/15/2022 (b)		75,000		71,772
4.65%, 1/15/2043		50,000		48,408

				1,030,264

HOTELS, RESTAURANTS & LEISURE — 0.8%
GLP Capital LP/GLP Financing II, Inc. 4.88%, 11/1/2020 (a)(b)		100,000		102,625
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Series 1 7.75%, 8/15/2020		75,000		83,437
Yum! Brands, Inc. 3.88%, 11/1/2020		50,000		51,147

				237,209

HOUSEHOLD DURABLES — 0.9%
DR Horton, Inc. 4.75%, 2/15/2023		50,000		49,750
Lennar Corp.:
4.75%, 12/15/2017		25,000		26,500
4.75%, 11/15/2022 (b)		50,000		48,625
PulteGroup, Inc. 6.38%, 5/15/2033		50,000		49,000
Toll Brothers Finance Corp. 6.75%, 11/1/2019		50,000		56,750
Whirlpool Corp. 8.60%, 5/1/2014		25,000		25,153

				255,778

INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1%
TransAlta Corp. 4.75%, 1/15/2015		25,000		25,750

INSURANCE — 3.9%
American International Group, Inc.:
3.80%, 3/22/2017		100,000		106,990
5.85%, 1/16/2018		150,000		171,414
6.25%, 5/1/2036 (b)		50,000		61,792
Aon PLC 4.45%, 5/24/2043		25,000		23,799
AXA SA 8.60%, 12/15/2030		50,000		64,500
Genworth Financial, Inc. 7.20%, 2/15/2021		50,000		59,883
Hartford Financial Services Group, Inc.:
4.30%, 4/15/2043 (b)		25,000		23,327

375

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

5.13%, 4/15/2022	$	25,000	$	27,815
ING US, Inc. 5.50%, 7/15/2022 (b)		50,000		56,086
Liberty Mutual Group, Inc. 4.95%, 5/1/2022 (a)(b)		75,000		80,279
Lincoln National Corp.:
4.20%, 3/15/2022		25,000		26,197
6.15%, 4/7/2036		50,000		59,446
MetLife, Inc. 6.40%, 12/15/2036 (b)		50,000		52,750
Nationwide Financial Services, Inc., Series S 5.38%, 3/25/2021 (a)		50,000		55,089
Pacific LifeCorp 6.00%, 2/10/2020 (a)		50,000		57,039
Prudential Financial, Inc. 5.20%, 3/15/2044 (b)		50,000		49,625
XLIT, Ltd. 5.75%, 10/1/2021		50,000		57,629
Xstrata Finance Canada, Ltd. 4.95%, 11/15/2021 (a)		75,000		77,522

				1,111,182

INTERNET SOFTWARE & SERVICES — 0.4%
Equinix, Inc. 7.00%, 7/15/2021 (b)		50,000		55,750
VeriSign, Inc. 4.63%, 5/1/2023		50,000		48,000

				103,750

IT SERVICES — 0.3%
Fiserv, Inc. 3.50%, 10/1/2022		25,000		24,416
Xerox Corp. 4.50%, 5/15/2021 (b)		50,000		52,691

				77,107

LIFE SCIENCES TOOLS & SERVICES — 0.4%
Thermo Fisher Scientific, Inc.:
3.20%, 3/1/2016		25,000		26,063
3.60%, 8/15/2021		25,000		25,462
5.30%, 2/1/2044		50,000		53,883

				105,408

MACHINERY — 1.3%
Case New Holland, Inc. 7.88%, 12/1/2017		100,000		117,250
Eaton Corp.:
2.75%, 11/2/2022		75,000		70,997
4.00%, 11/2/2032		25,000		24,028
Harsco Corp. 2.70%, 10/15/2015		75,000		75,638
Ingersoll-Rand Global Holding Co., Ltd. 2.88%, 1/15/2019 (a)		25,000		24,926
SPX Corp. 6.88%, 9/1/2017		50,000		56,750

				369,589

MEDIA — 8.4%
21st Century Fox America, Inc.:
4.50%, 2/15/2021		100,000		108,503
6.20%, 12/15/2034 (b)		25,000		29,138
6.40%, 12/15/2035		50,000		59,752
AMC Networks, Inc. 7.75%, 7/15/2021		25,000		28,188
British Sky Broadcasting Group PLC 3.13%, 11/26/2022 (a)		50,000		48,087
CBS Corp. 3.38%, 3/1/2022		50,000		48,979
CCO Holdings LLC/CCO Holdings Capital Corp.:
6.63%, 1/31/2022 (b)		150,000		160,312
7.00%, 1/15/2019		100,000		105,750
COX Communications, Inc. 3.25%, 12/15/2022 (a)(b)		75,000		70,453
CSC Holdings LLC 6.75%, 11/15/2021 (b)		50,000		55,875
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.:
1.75%, 1/15/2018 (b)		25,000		24,610
Series WI 3.80%, 3/15/2022 (b)		100,000		98,954
6.00%, 8/15/2040		25,000		26,342
Discovery Communications LLC 3.30%, 5/15/2022		50,000		48,764
DISH DBS Corp.:
4.25%, 4/1/2018		50,000		52,188
5.13%, 5/1/2020 (b)		75,000		78,188
5.88%, 7/15/2022 (b)		100,000		106,750
7.13%, 2/1/2016		100,000		109,250
Gannett Co., Inc. 5.13%, 10/15/2019 (a)		50,000		52,313
Historic TW, Inc. 6.63%, 5/15/2029		50,000		60,181
Nielsen Finance LLC/Nielsen Finance Co. 7.75%, 10/15/2018		75,000		80,156
Omnicom Group, Inc. 6.25%, 7/15/2019		25,000		29,152
Pearson Funding Five PLC 3.25%, 5/8/2023 (a)		25,000		23,160
Sirius XM Radio, Inc.:
4.63%, 5/15/2023 (a)(b)		50,000		47,125
5.25%, 8/15/2022 (a)(b)		50,000		51,500
Thomson Reuters Corp. 4.30%, 11/23/2023		50,000		51,210
Time Warner Cable, Inc.:
4.00%, 9/1/2021 (b)		100,000		103,737
4.50%, 9/15/2042 (b)		50,000		45,899
6.75%, 7/1/2018		25,000		29,306
6.75%, 6/15/2039		25,000		29,866
Time Warner, Inc.:
3.15%, 7/15/2015		25,000		25,820
6.25%, 3/29/2041		25,000		29,287
7.63%, 4/15/2031		75,000		99,924
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH 7.50%, 3/15/2019 (a)		150,000		162,750
Viacom, Inc.:
1.25%, 2/27/2015		50,000		50,300
4.38%, 3/15/2043		20,000		17,774
6.88%, 4/30/2036		75,000		92,901
Videotron, Ltd. 5.00%, 7/15/2022		50,000		50,125

376

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

WPP Finance 2010 3.63%, 9/7/2022 (b)	$	25,000	$	24,590

				2,417,159

METALS & MINING — 5.1%
Alcoa, Inc. 5.87%, 2/23/2022 (b)		75,000		79,084
Anglo American Capital PLC 4.13%, 9/27/2022 (a)		25,000		24,389
ArcelorMittal:
4.25%, 2/25/2015 (b)		50,000		51,063
5.00%, 2/25/2017 (b)		100,000		106,125
5.75%, 8/5/2020		100,000		106,250
7.50%, 10/15/2039		100,000		103,375
9.50%, 2/15/2015		50,000		53,375
Barrick Gold Corp. 3.85%, 4/1/2022		100,000		95,518
Cliffs Natural Resources, Inc. 3.95%, 1/15/2018 (b)		50,000		50,257
Commercial Metals Co. 4.88%, 5/15/2023 (b)		50,000		48,000
Eldorado Gold Corp. 6.13%, 12/15/2020 (a)(b)		30,000		30,000
First Quantum Minerals, Ltd. 6.75%, 2/15/2020 (a)		100,000		101,250
FMG Resources August 2006 Pty, Ltd.:
6.00%, 4/1/2017 (a)(b)		50,000		52,625
6.88%, 4/1/2022 (a)(b)		50,000		53,875
Freeport-McMoRan Copper & Gold, Inc.:
3.88%, 3/15/2023 (b)		25,000		23,904
5.45%, 3/15/2043 (b)		25,000		24,584
Newmont Mining Corp.:
3.50%, 3/15/2022 (b)		25,000		22,680
4.88%, 3/15/2042		25,000		20,243
6.25%, 10/1/2039 (b)		100,000		96,833
Schaeffler Finance BV 4.75%, 5/15/2021 (a)(b)		100,000		102,250
Steel Dynamics, Inc. 6.13%, 8/15/2019		50,000		54,375
Teck Resources, Ltd.:
5.20%, 3/1/2042		50,000		45,261
5.38%, 10/1/2015		25,000		26,576
United States Steel Corp. 6.05%, 6/1/2017 (b)		75,000		81,187

				1,453,079

MULTI-UTILITIES — 0.5%
MidAmerican Energy Holdings Co. 6.13%, 4/1/2036		50,000		59,810
Nisource Finance Corp. 3.85%, 2/15/2023 (b)		50,000		49,537
Sempra Energy 2.30%, 4/1/2017		50,000		51,125

				160,472

MULTILINE RETAIL — 0.2%
Macy’s Retail Holdings, Inc. 3.88%, 1/15/2022		50,000		51,552

OIL, GAS & CONSUMABLE FUELS — 14.6%
Access Midstream Partners LP/ACMP Finance Corp. 4.88%, 5/15/2023 (b)		100,000		100,750
Anadarko Petroleum Corp. 6.38%, 9/15/2017		75,000		85,861
Atwood Oceanics, Inc. 6.50%, 2/1/2020		75,000		80,625
Boardwalk Pipelines LP 3.38%, 2/1/2023		25,000		22,006
Canadian Natural Resources, Ltd. 5.70%, 5/15/2017		25,000		28,137
Cenovus Energy, Inc.:
3.00%, 8/15/2022		25,000		23,916
4.45%, 9/15/2042		25,000		23,701
CenterPoint Energy Resources Corp. 4.50%, 1/15/2021		50,000		54,014
Chesapeake Energy Corp.:
5.75%, 3/15/2023 (b)		50,000		52,938
6.63%, 8/15/2020 (b)		175,000		196,437
Cie Generale de Geophysique — Veritas 6.50%, 6/1/2021 (b)		50,000		50,750
Concho Resources, Inc. 5.50%, 4/1/2023		100,000		104,000
Consol Energy, Inc. 8.00%, 4/1/2017		75,000		78,281
Continental Resources, Inc. 5.00%, 9/15/2022		50,000		52,500
DCP Midstream LLC 5.85%, 5/21/2043 (a)(b)		50,000		47,000
Denbury Resources, Inc. 8.25%, 2/15/2020		100,000		108,750
Devon Energy Corp. 3.25%, 5/15/2022 (b)		75,000		73,869
El Paso LLC 7.75%, 1/15/2032 (b)		100,000		106,953
El Paso Natural Gas Co. 5.95%, 4/15/2017		25,000		28,026
El Paso Pipeline Partners Operating Co. LLC 4.70%, 11/1/2042		25,000		22,279
Enbridge Energy Partners LP 5.20%, 3/15/2020 (b)		50,000		54,581
Encana Corp. 5.90%, 12/1/2017 (b)		50,000		56,890
Energy Transfer Equity LP 7.50%, 10/15/2020		50,000		57,188
Energy Transfer Partners LP:
6.50%, 2/1/2042		50,000		56,667
6.63%, 10/15/2036		1,000		1,129
Enterprise Products Operating LLC:
4.85%, 3/15/2044 (b)		50,000		49,873
5.20%, 9/1/2020 (b)		50,000		55,810
Hess Corp. 8.13%, 2/15/2019		50,000		62,597
Husky Energy, Inc. 3.95%, 4/15/2022		50,000		51,301
Kinder Morgan Energy Partners LP:
3.95%, 9/1/2022		50,000		49,735
5.00%, 3/1/2043 (b)		100,000		95,213
Kinder Morgan Finance Co. LLC 6.00%, 1/15/2018 (a)		50,000		54,125
Marathon Oil Corp. 2.80%, 11/1/2022		50,000		46,807

377

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

Marathon Petroleum Corp. 6.50%, 3/1/2041	$	25,000	$	30,270
MarkWest Energy Partners LP/MarkWest Energy Finance Corp. 5.50%, 2/15/2023 (b)		50,000		51,375
MEG Energy Corp.:
6.38%, 1/30/2023 (a)		50,000		51,750
6.50%, 3/15/2021 (a)		25,000		26,313
Newfield Exploration Co. 7.13%, 5/15/2018 (b)		75,000		77,250
Noble Energy, Inc. 4.15%, 12/15/2021		25,000		26,339
Noble Holding International, Ltd. 3.95%, 3/15/2022		50,000		49,580
NuStar Logistics LP 4.80%, 9/1/2020		50,000		49,250
ONEOK Partners LP:
2.00%, 10/1/2017 (b)		25,000		25,110
3.38%, 10/1/2022		25,000		24,104
Peabody Energy Corp.:
6.00%, 11/15/2018		50,000		52,438
6.25%, 11/15/2021 (b)		50,000		50,125
Phillips 66 4.30%, 4/1/2022 (b)		50,000		52,860
Pioneer Natural Resources Co. 6.65%, 3/15/2017		25,000		28,453
Plains All American Pipeline LP/PAA Finance Corp.:
3.65%, 6/1/2022		25,000		25,095
5.15%, 6/1/2042 (b)		50,000		52,065
Plains Exploration & Production Co. 6.50%, 11/15/2020		50,000		55,063
Pride International, Inc. 6.88%, 8/15/2020		50,000		59,689
QEP Resources, Inc. 5.25%, 5/1/2023		50,000		49,750
Range Resources Corp. 5.00%, 8/15/2022		50,000		51,000
Regency Energy Partners LP/Regency Energy Finance Corp. 5.50%, 4/15/2023		100,000		100,750
Rockies Express Pipeline LLC 6.85%, 7/15/2018 (a)		100,000		103,250
Rowan Cos., Inc. 5.85%, 1/15/2044		25,000		25,399
Sabine Pass Liquefaction LLC 5.63%, 4/15/2023 (b)		50,000		49,750
Sabine Pass LNG LP 6.50%, 11/1/2020		100,000		105,000
SESI LLC 7.13%, 12/15/2021		50,000		55,750
SM Energy Co. 6.50%, 1/1/2023		50,000		53,375
Suncor Energy, Inc. 6.10%, 6/1/2018		75,000		86,627
Talisman Energy, Inc. 5.50%, 5/15/2042 (b)		25,000		24,765
Targa Resources Partners LP/Targa Resources Partners Finance Corp. 5.25%, 5/1/2023 (b)		50,000		49,500
Tennessee Gas Pipeline Co. 7.00%, 3/15/2027		50,000		60,926
Tesoro Corp. 9.75%, 6/1/2019		50,000		53,220
Texas Eastern Transmission LP 2.80%, 10/15/2022 (a)		50,000		46,300
Transocean, Inc.:
2.50%, 10/15/2017		50,000		50,322
6.80%, 3/15/2038		50,000		53,938
Valero Energy Corp. 6.13%, 2/1/2020 (b)		50,000		58,059
Western Gas Partners LP 4.00%, 7/1/2022		50,000		49,563
Whiting Petroleum Corp. 5.00%, 3/15/2019		100,000		105,750
Williams Partners LP 5.25%, 3/15/2020		75,000		82,579
WPX Energy, Inc. 6.00%, 1/15/2022 (b)		50,000		51,250

				4,186,661

PAPER & FOREST PRODUCTS — 0.2%
International Paper Co. 7.95%, 6/15/2018		50,000		61,152

PERSONAL PRODUCTS — 0.3%
Avon Products, Inc.:
4.60%, 3/15/2020		50,000		50,877
6.95%, 3/15/2043		25,000		25,136

				76,013

PHARMACEUTICALS — 1.9%
Actavis, Inc. 3.25%, 10/1/2022		50,000		47,934
Express Scripts Holding Co. 2.65%, 2/15/2017		100,000		103,417
Forest Laboratories, Inc. 4.38%, 2/1/2019 (a)		100,000		105,250
Hospira, Inc. 5.60%, 9/15/2040		50,000		50,301
McKesson Corp.:
1.29%, 3/10/2017		100,000		99,919
4.75%, 3/1/2021 (b)		25,000		27,264
4.88%, 3/15/2044		50,000		50,680
Mylan, Inc. 7.88%, 7/15/2020 (a)		25,000		28,024
Zoetis, Inc. 4.70%, 2/1/2043 (b)		25,000		24,741

				537,530

REAL ESTATE INVESTMENT TRUSTS — 2.8%
American Tower Corp.:
3.50%, 1/31/2023 (b)		50,000		47,282
4.50%, 1/15/2018		50,000		53,922
BioMed Realty LP 4.25%, 7/15/2022 (b)		50,000		49,569
Boston Properties LP 3.85%, 2/1/2023		50,000		50,421
Duke Realty LP:
7.38%, 2/15/2015 (b)		50,000		52,837
8.25%, 8/15/2019		25,000		30,954
EPR Properties 5.75%, 8/15/2022		50,000		52,974

378

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

ERP Operating LP:
5.38%, 8/1/2016	$	50,000	$	54,959
6.58%, 4/13/2015		100,000		106,068
HCP, Inc. 5.38%, 2/1/2021		50,000		55,982
Health Care REIT, Inc. 4.13%, 4/1/2019		50,000		52,974
Host Hotels & Resorts LP 5.88%, 6/15/2019		25,000		27,083
Liberty Property LP 6.63%, 10/1/2017		25,000		28,693
MPT Operating Partnership LP/MPT Finance Corp. 6.88%, 5/1/2021		25,000		26,875
ProLogis LP 6.63%, 5/15/2018		23,000		26,762
Ventas Realty LP/Ventas Capital Corp.:
2.70%, 4/1/2020		50,000		48,669
3.25%, 8/15/2022 (b)		25,000		24,091
Weyerhaeuser Co. 7.38%, 10/1/2019		25,000		30,387

				820,502

REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.3%
CBRE Services, Inc. 5.00%, 3/15/2023		75,000		75,094

ROAD & RAIL — 1.0%
Burlington Northern Santa Fe LLC 3.45%, 9/15/2021		100,000		101,312
Canadian Pacific Railway, Ltd. 4.50%, 1/15/2022		25,000		26,559
CSX Corp.:
4.40%, 3/1/2043		50,000		47,746
6.22%, 4/30/2040		25,000		30,349
Norfolk Southern Corp. 3.25%, 12/1/2021 (b)		75,000		75,520

				281,486

SEMICONDUCTORS — 0.2%
Sensata Technologies BV 4.88%, 10/15/2023 (a)(b)		50,000		49,125

SOFTWARE — 0.7%
Activision Blizzard, Inc. 6.13%, 9/15/2023 (a)(b)		100,000		108,875
Audatex North America, Inc. 6.00%, 6/15/2021 (a)		100,000		106,750

				215,625

SPECIALTY RETAIL — 1.8%
AmeriGas Partners LP/AmeriGas Finance Corp. 6.25%, 8/20/2019		75,000		80,625
AutoZone, Inc. 3.13%, 7/15/2023 (b)		50,000		46,913
Best Buy Co., Inc. 3.75%, 3/15/2016 (c)		50,000		51,500
L Brands, Inc. 5.63%, 2/15/2022		150,000		158,438
QVC, Inc. 4.38%, 3/15/2023 (b)		75,000		73,910
Sally Holdings LLC/Sally Capital, Inc. 5.75%, 6/1/2022 (b)		50,000		52,875
Suburban Propane Partners LP/Suburban Energy Finance Corp.:
7.38%, 8/1/2021 (b)		18,000		19,845
7.50%, 10/1/2018		25,000		26,563

				510,669

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.9%
Fidelity National Information Services, Inc. 5.00%, 3/15/2022 (b)		50,000		52,304
Hewlett-Packard Co.:
2.13%, 9/13/2015		50,000		50,979
2.60%, 9/15/2017		25,000		25,760
4.05%, 9/15/2022		25,000		25,367
6.00%, 9/15/2041 (b)		25,000		27,377
NCR Corp. 5.00%, 7/15/2022		50,000		50,063
Seagate Technology HDD Holdings 6.80%, 10/1/2016 (b)		34,000		38,250

				270,100

TEXTILES, APPAREL & LUXURY GOODS — 0.3%
Hanesbrands, Inc. 6.38%, 12/15/2020		50,000		54,625
PVH Corp. 4.50%, 12/15/2022 (b)		25,000		24,688

				79,313

THRIFTS & MORTGAGE FINANCE — 0.2%
Amsouth Bank 5.20%, 4/1/2015 (c)		50,000		52,000

TOBACCO — 0.7%
Altria Group, Inc.:
2.85%, 8/9/2022 (b)		75,000		70,380
9.70%, 11/10/2018		26,000		34,128
Lorillard Tobacco Co. 3.75%, 5/20/2023 (b)		50,000		47,128
Reynolds American, Inc. 3.25%, 11/1/2022 (b)		50,000		47,040

				198,676

TRADING COMPANIES & DISTRIBUTORS — 0.1%
United Rentals North America, Inc. 5.75%, 7/15/2018		25,000		26,750

WIRELESS TELECOMMUNICATION SERVICES — 3.3%
Embarq Corp.:
7.08%, 6/1/2016 (b)		50,000		55,707
8.00%, 6/1/2036		50,000		52,170
Orange SA 9.00%, 3/1/2031		50,000		72,307
Rogers Communications, Inc. 6.80%, 8/15/2018		50,000		59,383
T-Mobile USA, Inc.:
6.25%, 4/1/2021		175,000		185,062
6.46%, 4/28/2019 (b)(c)		100,000		107,000
6.63%, 4/1/2023 (b)		75,000		79,500
Telecom Italia Capital SA:
7.18%, 6/18/2019 (b)		75,000		85,969
7.20%, 7/18/2036		100,000		101,750
Telefonica Emisiones SAU:
3.99%, 2/16/2016		100,000		104,860

379

SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Principal
Security Description	Amount		Value

7.05%, 6/20/2036 (b)	$	50,000	$	60,518

				964,226

TOTAL CORPORATE BONDS & NOTES —
(Cost $27,492,427)				27,881,983

	Shares
SHORT TERM INVESTMENTS — 19.4%
MONEY MARKET FUNDS — 19.4%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		4,994,418		4,994,418
State Street Institutional Liquid Reserves Fund 0.08% (e)(f)		556,906		556,906

TOTAL SHORT TERM INVESTMENTS — (g)
(Cost $5,551,324)				5,551,324

TOTAL INVESTMENTS — 116.5% (h)
(Cost $33,043,751)				33,433,307
OTHER ASSETS & LIABILITIES — (16.5)%				(4,727,638	)

NET ASSETS — 100.0%			$	28,705,669


(a)		Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 16.7% of net assets as of March 31, 2014, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(b)		A portion of the security was on loan at March 31, 2014.
(c)		Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).
(d)		Investments of cash collateral for securities loaned
(e)		Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments).
(f)		The rate shown is the annualized seven-day yield at period end.
(g)		Value is determined based on Level 1 inputs (See accompanying Notes to Schedules of Investments).
(h)		Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 2 inputs (See accompanying Notes to Schedules of Investments).

PLC = Public Limited Company

REIT = Real Estate Investment Trust

380

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS

March 31, 2014 (Unaudited)

Security Valuation

The value of each Fund’s portfolio securities and other financial instruments is based on the market price of the securities, which generally means a valuation obtained from an exchange or other market (or based on a price quotation or other equivalent indication of value supplied by an exchange or other market) or a valuation obtained from an independent pricing service. Investments in open-end investment companies are valued at their net asset value each business day. Variable Rate Demand Obligations are valued at par. Forward foreign currency contracts are valued at the forward rate and are marked-to-market daily. U.S. fixed income securities may be valued as of the announced closing time for trading in fixed income instruments on any day that the Securities Industry and Financial Markets Association announces an early closing time. If a security’s market price is not readily available or does not otherwise accurately reflect the fair value of the security, the security will be valued by another method that the Board of Trustees of the Trust (the “Board”) believes will better reflect fair value in accordance with the Trust’s valuation policies and procedures. The Board has delegated implementation of procedures concerning securities valuation to State Street Bank and Trust Company as Accounting Agent, under which an Oversight Committee makes determinations as to whether market quotations are not readily available or do not otherwise accurately reflect the fair value of the security. The Oversight Committee, or a subgroup thereof, subject to oversight by the Board, may use fair value pricing in a variety of circumstances, including but not limited to, situations when trading in a security has been suspended or halted. Fair value pricing involves subjective judgments and it is possible that the fair value determination for a security is materially different than the value that could be received on the sale of the security.

The Funds continue to follow the authoritative guidance for fair value measurements and the fair value option for financial assets and financial liabilities. The guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The guidance establishes three levels of inputs that may be used to measure fair value:


•	Level 1 — quoted prices in active markets for identical investments.

•	Level 2 — other significant observable inputs (including, but not limited to, quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•	Level 3 — significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which the Funds’ net assets are computed and that may materially affect the value of the Funds’ investments).The valuation of fixed income securities held by the Funds are obtained from an independent pricing service and categorized as Level 2 based on the use of other significant observable market based inputs (including quoted prices for similar securities, interest rates, prepayment speed, credit risk, etc). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict, acts of terrorism, and significant market fluctuations.

Fair value pricing could result in a difference between the prices used to calculate a Fund’s net asset value and the prices used by the Fund’s benchmark index, which, in turn, could result in a difference between the Fund’s performance and the performance of the Fund’s benchmark index. The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

The type of inputs used to value each security is identified in the Schedule of Investments which also includes a breakdown of the Fund’s investments by industry, debt securities issued by the U.S. government or U.S. government agencies, corporate debt securities, foreign government obligations, commercial mortgage obligations, debt issued by states of the U.S. and political subdivisions of states.

381

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)

The following table summarizes the inputs used in valuing the Funds’ investments as of March 31, 2014:


			Level 2 —		Level 3 —
	Level 1 —		Other Significant		Significant
	Quoted		Observable		Unobservable
Fund	Prices		Inputs		Inputs			Total

SPDR Russell 3000 ETF	$	610,390,792	$	3,624	$	—	*	$	610,394,416
SPDR Russell 1000 ETF		62,683,574		—		—			62,683,574
SPDR Russell 2000 ETF		82,366,128		6,265		—	*		82,372,393
SPDR S&P 500 Growth ETF		359,244,986		—		—			359,244,986
SPDR S&P 500 Value ETF		180,803,112		—		—			180,803,112
SPDR Russell Small Cap Completeness ETF		99,052,224		2,797		—	*		99,055,021
SPDR S&P 400 Mid Cap Growth ETF		181,496,234		—		—			181,496,234
SPDR S&P 400 Mid Cap Value ETF		89,040,017		—		—			89,040,017
SPDR S&P 600 Small Cap ETF		529,847,194		—		—			529,847,194
SPDR S&P 600 Small Cap Growth ETF		471,127,286		—		—			471,127,286
SPDR S&P 600 Small Cap Value ETF		319,633,063		—		—			319,633,063
SPDR Global Dow ETF		118,377,434		—		—			118,377,434
SPDR Dow Jones REIT ETF		2,515,066,796		—		—			2,515,066,796
SPDR S&P Bank ETF		2,971,006,915		—		—			2,971,006,915
SPDR S&P Capital Markets ETF		239,926,609		—		—			239,926,609
SPDR S&P Insurance ETF		314,419,288		—		—			314,419,288
SPDR S&P Mortgage Finance ETF		10,195,289		—		—			10,195,289
SPDR S&P Regional Banking ETF		2,815,741,836		—		—			2,815,741,836
SPDR Morgan Stanley Technology ETF		250,457,306		—		—			250,457,306
SPDR S&P Dividend ETF		13,390,768,007		—		—			13,390,768,007
SPDR S&P Aerospace & Defense ETF		63,109,720		—		—			63,109,720
SPDR S&P Biotech ETF		1,580,259,293		—		—			1,580,259,293
SPDR S&P Health Care Equipment ETF		38,854,117		—		—			38,854,117
SPDR S&P Health Care Services ETF		87,978,811		—		—			87,978,811
SPDR S&P Homebuilders ETF		2,267,863,314		—		—			2,267,863,314
SPDR S&P Metals & Mining ETF		807,163,864		—		—			807,163,864
SPDR S&P Oil & Gas Equipment & Services ETF		342,187,909		—		—			342,187,909
SPDR S&P Oil & Gas Exploration & Production ETF		1,246,792,359		—		—	*		1,246,792,359
SPDR S&P Pharmaceuticals ETF		966,043,744		—		—			966,043,744
SPDR S&P Retail ETF		662,073,857		—		—			662,073,857
SPDR S&P Semiconductor ETF		149,775,498		—		—			149,775,498
SPDR S&P Software & Services ETF		43,771,912		—		—			43,771,912
SPDR S&P Telecom ETF		17,584,436		—		—			17,584,436
SPDR S&P Transportation ETF		133,275,464		—		—			133,275,464
SPDR S&P 1500 Momentum Tilt ETF		10,633,034		—		—			10,633,034
SPRD S&P 1500 Value Tilt ETF		9,945,771		—		—			9,945,771
SPDR Russell 1000 Low Volatility ETF		13,041,692		—		—			13,041,692
SPDR Russell 2000 Low Volatility ETF		13,409,861		—		—			13,409,861
SPDR Wells Fargo Preferred Stock ETF		289,431,516		—		—			289,431,516
SPDR Barclays 1-3 Month T-Bill ETF		866,344		1,070,560,877		—			1,071,427,221

382

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


			Level 2 —		Level 3 —
	Level 1 —		Other Significant		Significant
	Quoted		Observable		Unobservable
Fund	Prices		Inputs		Inputs		Total

SPDR Barclays TIPS ETF	$	44,629,893	$	604,174,729	$	—	$	648,804,622
SPDR Barclays 0-5 Year TIPS ETF		47,234		5,944,312		—		5,991,546
SPDR Barclays 1-10 Year TIPS ETF		1,512,746		9,693,504		—		11,206,250
SPDR Barclays Short Term Treasury ETF		2,195,028		17,918,110		—		20,113,138
SPDR Barclays Intermediate Term Treasury ETF		22,465,103		164,813,201		—		187,278,304
SPDR Barclays Long Term Treasury ETF		4,908,207		56,912,594		—		61,820,801
SPDR Barclays Short Term Corporate Bond ETF		159,594,311		3,204,500,251		—		3,364,094,562
SPDR Barclays Intermediate Term Corporate Bond ETF		23,399,568		457,762,493		—		481,162,061
SPDR Barclays Long Term Corporate Bond ETF		3,045,624		84,829,356		—		87,874,980
SPDR Barclays Issuer Scored Corporate Bond ETF		4,815,941		27,549,815		—		32,365,756
SPDR Barclays Convertible Securities ETF		352,503,749		2,358,123,403		—		2,710,627,152
SPDR Barclays Mortgage Backed Bond ETF		80,616,766		118,033,468		—		198,650,234
SPDR Barclays Aggregate Bond ETF		143,336,426		697,960,801		—		841,297,227
SPDR Nuveen Barclays Municipal Bond ETF		4,756,988		975,186,998		—		979,943,986
SPDR Nuveen Barclays California Municipal Bond ETF		710		74,875,292		—		74,876,002
SPDR Nuveen Barclays New York Municipal Bond ETF		324,826		24,397,537		—		24,722,363
SPDR Nuveen Barclays Short Term Municipal Bond ETF		6,060,083		2,138,982,327		—		2,145,042,410
SPDR Nuveen S&P VRDO Municipal Bond ETF		478,937		5,520,000		—		5,998,937
SPDR Nuveen S&P High Yield Municipal Bond ETF		4,906,016		218,814,438		—		223,720,454
SPDR Nuveen Barclays Build America Bond ETF		59,447		45,770,022		—		45,829,469
SPDR DB International Government Inflation-Protected Bond ETF		42,829		950,616,387		—		950,659,216
SPDR Barclays Short Term International Treasury Bond ETF		47,190		257,485,987		—		257,533,177
SPDR Barclays International Treasury Bond ETF		12,393,789		2,123,588,188		—		2,135,981,977
SPDR Barclays International Corporate Bond ETF		1,233,402		272,547,977		—		273,781,379
SPDR Barclays Emerging Markets Local Bond ETF		346,569		102,239,020		—		102,585,589
SPDR Barclays International High Yield Bond ETF		1,020,568		43,738,511		—		44,759,079
SPDR Barclays High Yield Bond ETF		847,021,255		9,990,861,155		—		10,837,882,410
SPDR Barclays Short Term High Yield Bond ETF		500,473,287		3,793,649,688		—		4,294,122,975
SPDR Barclays Investment Grade Floating Rate ETF		14,610,895		354,845,970		—		369,456,865
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF		3,552,667		17,291,725		—		20,844,392
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF		5,551,324		27,881,983		—		33,433,307


*		Fund held Level 3 securities that were valued at $0 at March 31, 2014.

383

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


			Level 2 —			Level 3 —
	Level 1 —		Other Significant			Significant
	Quoted		Observable			Unobservable
Fund — Other Financial Instruments*	Prices		Inputs			Inputs		Total

SPDR Barclays International Corporate Bond ETF	$	—	$	(35,841	)	$	—	$	(35,841	)
SPDR Barclays Emerging Markets Local Bond ETF		—		25,040			—		25,040


*		Other Financial Instruments are derivative instruments not reflected in the Schedules of Investments, such as forward foreign currency contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

All equity securities are valued at Level 1 quoted price and all fixed income securities are valued at Level 2 quoted prices. There were no material transfers between levels for the three months ended March 31, 2014. The transfers that did occur were the result of fair value pricing using significant observable market inputs.

The following is a summary of the fair valuations of the Fund’s derivative instruments categorized by risk exposure at March 31, 2014:


		Interest		Foreign
		Rate		Exchange			Credit		Equity		Commodity		Other
		Contracts		Contracts			Contracts		Contracts		Contracts		Contracts
		Risk		Risk			Risk		Risk		Risk		Risk		Total

SPDR Barclays International Corporate Bond ETF	Forward Contract	$	—	$	(35,841	)	$	—	$	—	$	—	$	—	$	(35,841	)
SPDR Barclays Emerging Markets Local Bond ETF	Forward Contract		—		25,040			—		—		—		—		25,040

Transactions with Affiliates

The Funds listed below have invested in an affiliated company, State Street Corp. Amounts relating to these investments at March 31, 2014 and for the period then ended are:


	Number of												Number of
	Shares Held		Value at		Purchased				Sold				Shares Held		Value at		Dividend		Realized
	at 6/30/13		6/30/13		Cost		Shares		Proceeds		Shares		at 3/31/14		3/31/14		Income		Gain/(Loss)

SPDR Russell 3000 ETF		14,278	$	931,068	$	31,311		458	$	188,365		2,808		11,928	$	829,592	$	9,690	$	13,760
SPDR Russell 1000 ETF		1,044		68,079		12,957		198		6,567		100		1,142		79,426		840		2,281
SPDR S&P 500 Growth ETF		—		—		680,026		9,526		—		—		9,526		662,533		4,800		—
SPDR S&P 500 Value ETF		10,182		663,968		99,959		1,424		510,641		7,240		4,366		303,655		4,816		125,927
SPDR S&P Capital Markets ETF		29,978		1,954,865		5,268,883		73,370		771,290		11,335		92,013		6,399,504		44,150		112,493
SPDR S&P 1500 Momentum Tilt ETF		452		29,475		5,127		74		21,202		295		231		16,066		355		4,723
SPDR S&P 1500 Value Tilt ETF		142		9,260		—		—		—		—		142		9,876		111		—
SPDR Russell 1000 Low Volatility ETF		1,987		129,572		402		6		2,361		33		1,960		136,318		1,534		256
SPDR Wells Fargo Preferred Stock ETF		106,748		2,668,700		3,107,207		122,423		1,079,285		49,403		179,768		4,409,709		75,470		(135,420	)

The Funds listed below have affiliated investments as a result of owning 5% or more of each company’s outstanding voting securities. Amounts relating to these investments at March 31, 2014 and for the period then ended are:


	Number of												Number of
	Shares Held		Value at		Purchased				Sold				Shares Held		Value at		Dividend		Realized
SPDR S&P Dividend ETF	at 6/30/13		6/30/13		Cost		Shares		Proceeds		Shares		at 3/31/14		3/31/14		Income		Gain/(Loss)

Diebold, Inc.		4,534,046	$	152,752,010	$	42,267,143		1,358,039	$	32,868,676		978,166		4,913,919	$	196,016,229	$	4,082,488	$	3,899,446
National Retail Properties, Inc.		5,378,783		185,030,135		152,309,805		4,265,188		40,725,175		1,248,390		8,395,581		288,136,340		10,449,436		1,073,842
People’s United Financial, Inc.		—		—		248,948,766		16,773,417		6,426,840		442,420		16,330,997		242,841,925		2,694,252		(66,623	)

384

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Number of												Number of
	Shares Held		Value at		Purchased				Sold				Shares Held		Value at		Dividend		Realized
SPDR S&P Biotech ETF	at 6/30/13		6/30/13		Cost		Shares		Proceeds		Shares		at 3/31/14		3/31/14		Income		Gain/(Loss)

Achillion Pharmaceuticals, Inc.		1,833,690	$	14,999,584	$	29,827,255		7,454,254	$	14,777,425		3,971,518		5,316,426	$	17,491,042	$	—	$	(1,312,937	)
Geron Corp.		—		—		37,157,365		11,358,333		6,928,804		1,785,870		9,572,463		19,910,723		—		(11,181	)


	Number of												Number of
	Shares Held		Value at		Purchased				Sold				Shares Held		Value at		Dividend		Realized
SPDR S&P Homebuilders ETF	at 6/30/13		6/30/13		Cost		Shares		Proceeds		Shares		at 3/31/14		3/31/14		Income		Gain/(Loss)

iRobot Corp.		1,766,774	$	70,264,602	$	108,650,492		2,749,203	$	104,432,584		3,002,843		1,513,134	$	62,114,151	$	—	$	(7,743,878	)
Trex Co., Inc.		951,216		45,173,248		91,016,215		1,280,807		69,536,115		1,389,001		843,022		61,675,489		—		(6,462,863	)

Each Fund may invest in certain money market funds managed by the SSgA Funds Management, Inc. (“SSgA FM” or the “Adviser”), including the State Street Institutional Liquid Reserves Fund-Institutional Class (“Liquid Reserves Fund”) and State Street Institutional Tax Free Money Market Fund-Institutional Class (“Tax Free Money Market Fund”), both a series of State Street Institutional Investment Trust. The Liquid Reserves Fund and Tax Free Money Market Fund are both feeder funds in a master/feeder fund structure that invest substantially all of their assets in the State Street Money Market Portfolio and State Street Tax Free Money Market Portfolio (“Master Portfolios”), respectively, each a series of State Street Master Funds. The Liquid Reserves Fund and Tax Free Money Market Fund do not pay an investment advisory fee to the Adviser, but the respective Master Portfolio in which they invest pays an investment advisory fee to the Adviser. The Liquid Reserves Fund and Tax Free Money Market Fund intend to declare dividends on shares from net investment income daily and pay them as of the last business day of each month. All income distributions earned by the Funds from affiliated money market funds are recorded as dividend or interest income on securities of affiliated issuers. In addition, cash collateral from lending activities is invested in the State Street Navigator Securities Lending Prime Portfolio (“Prime Portfolio”), for which SSgA FM serves as the investment adviser. Prime Portfolio is a series of State Street Navigator Securities Lending Trust, a registered investment company under the 1940 Act, and operates as a money market fund in compliance with Rule 2a-7 under the 1940 Act.

Amounts related to investments in Liquid Reserves Fund, Tax Free Money Market Fund and/or Prime Portfolio at March 31, 2014 and for the period then ended are:


	Value at		Purchased				Sold				Value at				Realized
Liquid Reserves Fund	6/30/13		Cost		Shares		Proceeds		Shares		3/31/14		Income		Gain/(Loss)

SPDR Russell 3000 ETF	$	2,603,070	$	14,218,261		14,218,261	$	16,264,700		16,264,700	$	556,631	$	962	$	—
SPDR Russell 1000 ETF		222,100		1,306,702		1,306,702		1,488,579		1,488,579		40,223		48		—
SPDR Russell 2000 ETF		—		1,873,611		1,873,611		1,703,678		1,703,678		169,933		59		—
SPDR S&P 500 Growth ETF		1,131,433		7,154,039		7,154,039		8,115,332		8,115,332		170,140		338		—
SPDR S&P 500 Value ETF		1,088,103		4,571,071		4,571,071		5,433,129		5,433,129		226,045		257		—
SPDR Russell Small Cap Completeness ETF		467,842		11,695,383		11,695,383		11,914,637		11,914,637		248,588		193		—
SPDR S&P 400 Mid Cap Growth ETF		378,499		3,650,755		3,650,755		3,895,040		3,895,040		134,214		75		—
SPDR S&P 400 Mid Cap Value ETF		249,409		4,346,072		4,346,072		4,541,734		4,541,734		53,747		94		—
SPDR S&P 600 Small Cap ETF		195,295		29,227,028		29,227,028		28,796,383		28,796,383		625,940		503		—
SPDR S&P 600 Small Cap Growth ETF		100		19,065,121		19,065,121		18,174,126		18,174,126		891,095		347		—
SPDR S&P 600 Small Cap Value ETF		453,159		13,025,222		13,025,222		12,791,885		12,791,885		686,496		259		—
SPDR Global Dow ETF		964,151		2,273,728		2,273,728		3,117,322		3,117,322		120,557		50		—
SPDR Dow Jones REIT ETF		22,835,328		91,570,775		91,570,775		109,684,737		109,684,737		4,721,366		2,447		—
SPDR S&P Bank ETF		11,665,399		39,990,735		39,990,735		47,540,949		47,540,949		4,115,185		3,127		—
SPDR S&P Capital Markets ETF		644,496		3,077,250		3,077,250		3,171,923		3,171,923		549,823		175		—
SPDR S&P Insurance ETF		1,844,686		6,893,415		6,893,415		8,569,170		8,569,170		168,931		286		—
SPDR S&P Mortgage Finance ETF		45,983		138,116		138,116		168,250		168,250		15,849		15		—
SPDR S&P Regional Banking ETF		7,515,236		42,868,520		42,868,520		48,857,453		48,857,453		1,526,303		2,535		—

385

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Value at		Purchased				Sold				Value at				Realized
Liquid Reserves Fund	6/30/13		Cost		Shares		Proceeds		Shares		3/31/14		Income		Gain/(Loss)

SPDR Morgan Stanley Technology ETF	$	949,107	$	8,691,106		8,691,106	$	9,441,948		9,441,948	$	198,265	$	260	$	—
SPDR S&P Dividend ETF		79,244,748		535,170,976		535,170,976		608,935,200		608,935,200		5,480,524		19,225		—
SPDR S&P Aerospace & Defense ETF		80,353		873,467		873,467		808,008		808,008		145,812		38		—
SPDR S&P Biotech ETF		1,956,990		18,395,650		18,395,650		19,742,636		19,742,636		610,004		757		—
SPDR S&P Health Care Equipment ETF		39,799		123,233		123,233		160,814		160,814		2,218		15		—
SPDR S&P Health Care Services ETF		83,101		2,144,587		2,144,587		2,010,458		2,010,458		217,230		62		—
SPDR S&P Homebuilders ETF		3,062,682		23,058,237		23,058,237		24,595,162		24,595,162		1,525,757		1,246		—
SPDR S&P Metals & Mining ETF		3,512,903		20,694,044		20,694,044		23,709,891		23,709,891		497,056		523		—
SPDR S&P Oil & Gas Equipment & Services ETF		1,483,008		8,225,434		8,225,434		9,217,826		9,217,826		490,616		511		—
SPDR S&P Oil & Gas Exploration & Production ETF		3,562,930		10,290,442		10,290,442		12,503,503		12,503,503		1,349,869		952		—
SPDR S&P Pharmaceuticals ETF		1,735,908		24,466,074		24,466,074		26,138,049		26,138,049		63,933		486		—
SPDR S&P Retail ETF		3,412,951		32,540,585		32,540,585		35,626,210		35,626,210		327,326		845		—
SPDR S&P Semiconductor ETF		140,826		604,788		604,788		700,841		700,841		44,773		40		—
SPDR S&P Software & Services ETF		100		914,220		914,220		886,772		886,772		27,548		19		—
SPDR S&P Telecom ETF		27,803		203,966		203,966		205,434		205,434		26,335		11		—
SPDR S&P Transportation ETF		103,307		493,100		493,100		549,348		549,348		47,059		45		—
SPDR S&P 1500 Momentum Tilt ETF		86,125		291,619		291,619		368,867		368,867		8,877		522		—
SPDR S&P 1500 Value Tilt ETF		52,386		347,904		347,904		387,860		387,860		12,430		655		—
SPDR Russell 1000 Low Volatility ETF		78,016		393,378		393,378		455,449		455,449		15,945		22		—
SPDR Russell 2000 Low Volatility ETF		78,900		575,335		575,335		639,118		639,118		15,117		16		—
SPDR Wells Fargo Preferred Stock ETF		7,588,968		36,024,137		36,024,137		42,899,469		42,899,469		713,636		776		—
SPDR Barclays 1-3 Month T-Bill ETF		—		5,923,956		5,923,956		5,057,612		5,057,612		866,344		386		—
SPDR Barclays TIPS ETF		387,010		10,374,787		10,374,787		10,344,197		10,344,197		417,600		430		—
SPDR Barclays 0-5 Year TIPS ETF		—		47,234		47,234		—		—		47,234		3		—
SPDR Barclays 1-10 Year TIPS ETF		27,397		121,064		121,064		139,828		139,828		8,633		10		—
SPDR Barclays Short Term Treasury ETF		27,049		5,587,842		5,587,842		5,061,294		5,061,294		553,597		63		—
SPDR Barclays Intermediate Term Treasury ETF		38,813		37,802,804		37,802,804		33,105,249		33,105,249		4,736,368		397		—
SPDR Barclays Long Term Treasury ETF		11,513		6,072,177		6,072,177		6,047,972		6,047,972		35,718		95		—
SPDR Barclays Short Term Corporate Bond ETF		80,639,644		476,520,813		476,520,813		481,453,751		481,453,751		75,706,706		8,496		—
SPDR Barclays Intermediate Term Corporate Bond ETF		13,946,204		43,820,049		43,820,049		49,336,985		49,336,985		8,429,268		1,794		—
SPDR Barclays Long Term Corporate Bond ETF		350,809		7,677,901		7,677,901		7,442,333		7,442,333		586,377		243		—
SPDR Barclays Issuer Scored Corporate Bond ETF		301,111		3,726,931		3,726,931		3,441,199		3,441,199		586,843		176		—
SPDR Barclays Convertible Securities ETF		17,350,410		387,454,376		387,454,376		392,678,872		392,678,872		12,125,914		7,019		—
SPDR Barclays Mortgage Backed Bond ETF		24,079,554		110,226,688		110,226,688		53,689,476		53,689,476		80,616,766		47,061		—
SPDR Barclays Aggregate Bond ETF		151,800,708		172,035,881		172,035,881		225,014,371		225,014,371		98,822,218		60,624		—
SPDR Nuveen Barclays Build America Bond ETF		206,051		2,527,662		2,527,662		2,674,266		2,674,266		59,447		134		—
SPDR DB International Government Inflation-Protected Bond ETF		3,477,798		103,456,732		103,456,732		106,891,701		106,891,701		42,829		1,840		—
SPDR Barclays Short Term International Treasury Bond ETF		435,828		13,139,727		13,139,727		13,528,365		13,528,365		47,190		193		—

386

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Value at		Purchased				Sold				Value at				Realized
Liquid Reserves Fund	6/30/13		Cost		Shares		Proceeds		Shares		3/31/14		Income		Gain/(Loss)

SPDR Barclays International Treasury Bond ETF	$	357,706	$	51,403,070		51,403,070	$	50,964,164		50,964,164	$	796,612	$	607	$	—
SPDR Barclays International Corporate Bond ETF		184,688		2,800,161		2,800,161		2,718,027		2,718,027		266,822		92		—
SPDR Barclays Emerging Markets Local Bond ETF		—		22,609,839		22,609,839		22,402,801		22,402,801		207,038		289		—
SPDR Barclays International High Yield Bond ETF		—		2,455,840		2,455,840		1,435,272		1,435,272		1,020,568		37		—
SPDR Barclays High Yield Bond ETF		88,606,233		1,277,932,964		1,277,932,964		1,277,856,627		1,277,856,627		88,682,570		36,157		—
SPDR Barclays Short Term High Yield Bond ETF		47,753,632		701,360,093		701,360,093		645,476,173		645,476,173		103,637,552		20,556		—
SPDR Barclays Investment Grade Floating Rate ETF		955,640		78,846,287		78,846,287		78,307,945		78,307,945		1,493,982		1,812		—
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF		94,881		6,070,162		6,070,162		5,365,821		5,365,821		799,222		109		—
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF		720,761		5,829,694		5,829,694		5,993,549		5,993,549		556,906		153		—


	Value at		Purchased				Sold				Value at				Realized
Tax Free Money Market Fund	6/30/12		Cost		Shares		Proceeds		Shares		3/31/14		Income		Gain/(Loss)

SPDR Nuveen Barclays Municipal Bond ETF	$	12,878,973	$	136,801,009		136,801,009	$	144,922,994		144,922,994	$	4,756,988	$	—	$	—
SPDR Nuveen Barclays California Municipal Bond ETF		1,329,461		8,064,223		8,064,223		9,392,974		9,392,974		710		—		—
SPDR Nuveen Barclays New York Municipal Bond ETF		610,406		3,077,486		3,077,486		3,363,066		3,363,066		324,826		—		—
SPDR Nuveen Barclays Short Term Municipal Bond ETF		1,846,267		277,283,567		277,283,567		273,069,751		273,069,751		6,060,083		—		—
SPDR Nuveen S&P VRDO Municipal Bond ETF		1,255,247		2,999,546		2,999,546		3,775,856		3,775,856		478,937		—		—
SPDR Nuveen S&P High Yield Municipal Bond ETF		840,176		42,015,772		42,015,772		37,949,932		37,949,932		4,906,016		—		—


	Value at		Purchased				Sold				Value at				Realized
Prime Portfolio	6/30/13		Cost		Shares		Proceeds		Shares		3/31/14		Income		Gain/(Loss)

SPDR Russell 3000 ETF	$	10,580,644	$	67,251,424		67,251,424	$	46,921,349		46,921,349	$	30,910,719	$	75,274	$	—
SPDR Russell 1000 ETF		5,175,025		44,517,606		44,517,606		39,975,433		39,975,433		9,717,198		7,660		—
SPDR Russell 2000 ETF		—		36,325,649		36,325,649		20,292,578		20,292,578		16,033,071		37,984		—
SPDR S&P 500 Growth ETF		2,324,928		78,633,205		78,633,205		71,049,975		71,049,975		9,908,158		7,335		—
SPDR S&P 500 Value ETF		2,696,198		59,782,062		59,782,062		55,836,532		55,836,532		6,641,728		9,182		—
SPDR Russell Small Cap Completeness ETF		6,728,512		36,714,290		36,714,290		28,608,988		28,608,988		14,833,814		54,021		—
SPDR S&P 400 Mid Cap Growth ETF		6,435,632		75,388,118		75,388,118		65,334,029		65,334,029		16,489,721		39,549		—
SPDR S&P 400 Mid Cap Value ETF		10,197,417		55,812,105		55,812,105		54,701,100		54,701,100		11,308,422		24,312		—
SPDR S&P 600 Small Cap ETF		26,574,255		147,611,589		147,611,589		94,699,661		94,699,661		79,486,183		182,501		—
SPDR S&P 600 Small Cap Growth ETF		22,313,086		168,761,289		168,761,289		113,021,436		113,021,436		78,052,939		183,285		—
SPDR S&P 600 Small Cap Value ETF		11,166,182		105,337,292		105,337,292		72,681,659		72,681,659		43,821,815		77,580		—
SPDR Global Dow ETF		1,706,450		48,147,344		48,147,344		42,379,038		42,379,038		7,474,756		11,781		—
SPDR Dow Jones REIT ETF		67,698,998		714,832,781		714,832,781		650,819,711		650,819,711		131,712,068		168,134		—
SPDR S&P Bank ETF		165,284,289		899,843,258		899,843,258		788,291,998		788,291,998		276,835,549		291,499		—
SPDR S&P Capital Markets ETF		7,314,888		94,718,363		94,718,363		67,942,119		67,942,119		34,091,132		47,498		—
SPDR S&P Insurance ETF		2,071,512		128,810,105		128,810,105		117,945,463		117,945,463		12,936,154		10,675		—
SPDR S&P Mortgage Finance ETF		2,077,981		10,525,115		10,525,115		10,649,816		10,649,816		1,953,280		6,069		—

387

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Value at		Purchased				Sold				Value at				Realized
Prime Portfolio	6/30/13		Cost		Shares		Proceeds		Shares		3/31/14		Income		Gain/(Loss)

SPDR S&P Regional Banking ETF	$	59,847,721	$	527,971,523		527,971,523	$	427,460,328		427,460,328	$	160,358,916	$	292,426	$	—
SPDR Morgan Stanley Technology ETF		13,214,988		147,382,701		147,382,701		132,035,609		132,035,609		28,562,080		31,620		—
SPDR S&P Dividend ETF		550,703,001		3,871,004,074		3,871,004,074		3,453,918,402		3,453,918,402		967,788,673		895,342		—
SPDR S&P Aerospace & Defense ETF		3,812,981		87,102,196		87,102,196		78,802,717		78,802,717		12,112,460		9,088		—
SPDR S&P Biotech ETF		174,154,898		730,693,720		730,693,720		612,527,545		612,527,545		292,321,073		7,110,092		—
SPDR S&P Health Care Equipment ETF		—		19,994,936		19,994,936		12,551,815		12,551,815		7,443,121		20,368
SPDR S&P Health Care Services ETF		9,543,935		72,243,509		72,243,509		65,069,702		65,069,702		16,717,742		35,927		—
SPDR S&P Homebuilders ETF		236,317,875		929,656,304		929,656,304		914,183,222		914,183,222		251,790,957		245,305		—
SPDR S&P Metals & Mining ETF		77,872,834		403,655,300		403,655,300		328,902,157		328,902,157		152,625,977		1,845,001		—
SPDR S&P Oil & Gas Equipment & Services ETF		18,553,452		174,081,555		174,081,555		144,082,348		144,082,348		48,552,659		276,969		—
SPDR S&P Oil & Gas Exploration & Production ETF		77,262,595		497,262,233		497,262,233		465,409,877		465,409,877		109,114,951		1,042,566		—
SPDR S&P Pharmaceuticals ETF		18,951,416		452,429,102		452,429,102		366,918,281		366,918,281		104,462,237		771,078		—
SPDR S&P Retail ETF		63,894,259		330,001,851		330,001,851		380,409,841		380,409,841		13,486,269		469,254		—
SPDR S&P Semiconductor ETF		4,582,893		62,358,317		62,358,317		54,773,731		54,773,731		12,167,479		49,702		—
SPDR S&P Software & Services ETF		4,024,820		21,485,541		21,485,541		16,976,952		16,976,952		8,533,409		27,045		—
SPDR S&P Telecom ETF		—		10,046,053		10,046,053		6,682,451		6,682,451		3,363,602		5,711		—
SPDR S&P Transportation ETF		—		61,334,145		61,334,145		35,600,525		35,600,525		25,733,620		31,826		—
SPDR S&P 1500 Momentum Tilt ETF		2,440,311		16,516,038		16,516,038		16,308,091		16,308,091		2,648,258		3,167		—
SPDR S&P 1500 Value Tilt ETF		1,805,898		12,395,874		12,395,874		12,320,846		12,320,846		1,880,926		2,321		—
SPDR Russell 1000 Low Volatility		—		16,841,119		16,841,119		14,315,837		14,315,837		2,525,282		2,854		—
SPDR Russell 2000 Low Volatility		—		11,238,663		11,238,663		8,620,019		8,620,019		2,618,644		3,223		—
SPDR Wells Fargo Preferred Stock ETF		61,069,139		201,252,041		201,252,041		215,871,929		215,871,929		46,449,251		392,745		—
SPDR Barclays 1-3 Month T-Bill ETF		—		4,041,153,899		4,041,153,899		4,041,153,899		4,041,153,899		—		191,249		—
SPDR Barclays TIPS ETF		113,265,800		394,510,530		394,510,530		463,564,037		463,564,037		44,212,293		38,261		—
SPDR Barclays 1-10 Year TIPS ETF		—		10,988,469		10,988,469		9,484,356		9,484,356		1,504,113		583		—
SPDR Barclays Short Term Treasury ETF		520,414		10,199,776		10,199,776		9,078,759		9,078,759		1,641,431		1,194		—
SPDR Barclays Intermediate Term Treasury ETF		20,282,916		88,526,848		88,526,848		91,081,029		91,081,029		17,728,735		16,078		—
SPDR Barclays Long Term Treasury ETF		6,294,185		42,416,044		42,416,044		43,837,740		43,837,740		4,872,489		5,681		—
SPDR Barclays Short Term Corporate Bond ETF		132,444,155		351,092,855		351,092,855		399,649,405		399,649,405		83,887,605		123,555		—
SPDR Barclays Intermediate Term Corporate Bond ETF		15,832,895		40,300,330		40,300,330		41,162,925		41,162,925		14,970,300		21,230		—
SPDR Barclays Long Term Corporate Bond ETF		3,200,680		11,858,845		11,858,845		12,600,278		12,600,278		2,459,247		3,751		—
SPDR Barclays Issuer Scored Corporate Bond ETF		—		7,173,521		7,173,521		2,944,423		2,944,423		4,229,098		2,150		—
SPDR Barclays Convertible Securities ETF		83,201,808		764,322,998		764,322,998		507,146,971		507,146,971		340,377,835		529,392		—
SPDR Barclays Aggregate Bond ETF		49,926,947		160,349,412		160,349,412		165,762,151		165,762,151		44,514,208		48,901		—
SPDR Barclays International Treasury Bond ETF		—		24,518,707		24,518,707		12,921,530		12,921,530		11,597,177		1,917		—
SPDR Barclays International Corporate Bond ETF		2,067,217		8,194,739		8,194,739		9,295,376		9,295,376		966,580		3,389		—
SPDR Barclays Emerging Markets Local Bond ETF		8,500		869,259		869,259		738,228		738,228		139,531		104		—

388

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


	Value at		Purchased				Sold				Value at				Realized
Prime Portfolio	6/30/13		Cost		Shares		Proceeds		Shares		3/31/14		Income		Gain/(Loss)

SPDR Barclays High Yield Bond ETF	$	—	$	1,282,892,478		1,282,892,478	$	524,553,793		524,553,793	$	758,338,685	$	663,277	$	—
SPDR Barclays Short Term High Yield Bond ETF		—		500,812,553		500,812,553		103,976,818		103,976,818		396,835,735		244,155		—
SPDR Barclays Investment Grade Floating Rate ETF		4,106,185		106,150,896		106,150,896		97,140,168		97,140,168		13,116,913		16,715		—
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF		1,708,185		14,605,023		14,605,023		13,559,763		13,559,763		2,753,445		3,438		—
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF		4,195,830		14,096,756		14,096,756		13,298,168		13,298,168		4,994,418		8,066		—

Aggregate Unrealized Appreciation and Depreciation

The identified cost of investments in securities owned by each Fund for federal income tax purposes and the gross unrealized appreciation and depreciation at March 31, 2014 was as follows:


			Gross		Gross		Net Unrealized
	Identified		Unrealized		Unrealized		Appreciation
	Cost		Appreciation		Depreciation		(Depreciation)

SPDR Russell 3000 ETF	$	452,317,602	$	165,328,077	$	7,251,263	$	158,076,814
SPDR Russell 1000 ETF		49,610,233		13,539,762		466,421		13,073,341
SPDR Russell 2000 ETF		80,128,700		4,785,942		2,542,249		2,243,693
SPDR S&P 500 Growth ETF		258,077,605		102,168,523		1,001,142		101,167,381
SPDR S&P 500 Value ETF		158,238,047		25,792,478		3,227,413		22,565,065
SPDR Russell Small Cap Completeness ETF		79,233,988		21,982,548		2,161,515		19,821,033
SPDR S&P 400 Mid Cap Growth ETF		164,054,117		20,222,099		2,779,982		17,442,117
SPDR S&P 400 Mid Cap Value ETF		79,467,046		10,758,759		1,185,788		9,572,971
SPDR S&P 600 Small Cap ETF		439,668,363		98,226,013		8,047,182		90,178,831
SPDR S&P 600 Small Cap Growth ETF		400,055,007		76,663,477		5,591,198		71,072,279
SPDR S&P 600 Small Cap Value ETF		283,097,763		43,074,819		6,539,519		36,535,300
SPDR Global Dow ETF		106,621,584		20,162,461		8,406,611		11,755,850
SPDR Dow Jones REIT ETF		2,227,416,635		311,958,986		24,308,825		287,650,161
SPDR S&P Bank ETF		2,478,848,038		503,384,917		11,226,040		492,158,877
SPDR S&P Capital Markets ETF		231,091,767		13,902,698		5,067,856		8,834,842
SPDR S&P Insurance ETF		307,620,084		10,167,737		3,368,533		6,799,204
SPDR S&P Mortgage Finance ETF		8,186,917		2,065,830		57,458		2,008,372
SPDR S&P Regional Banking ETF		2,662,472,318		173,862,066		20,592,548		153,269,518
SPDR Morgan Stanley Technology ETF		199,331,862		54,110,304		2,984,860		51,125,444
SPDR S&P Dividend ETF		10,629,760,736		2,798,143,434		37,136,163		2,761,007,271
SPDR S&P Aerospace & Defense ETF		52,280,228		11,083,741		254,249		10,829,492
SPDR S&P Biotech ETF		1,616,500,443		105,524,698		141,765,848		(36,241,150	)
SPDR S&P Health Care Equipment ETF		32,609,068		6,630,352		385,303		6,245,049
SPDR S&P Health Care Services ETF		74,944,966		13,479,412		445,567		13,033,845
SPDR S&P Homebuilders ETF		2,221,411,990		98,114,287		51,662,963		46,451,324
SPDR S&P Metals & Mining ETF		1,003,161,959		17,053,030		213,051,125		(195,998,095	)
SPDR S&P Oil & Gas Equipment & Services ETF		318,306,736		37,963,197		14,082,024		23,881,173
SPDR S&P Oil & Gas Exploration & Production ETF		1,310,582,053		18,239,360		82,029,054		(63,789,694	)
SPDR S&P Pharmaceuticals ETF		847,017,516		159,175,657		40,149,429		119,026,228

389

SPDR SERIES TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)

March 31, 2014 (Unaudited)


			Gross		Gross		Net Unrealized
	Identified		Unrealized		Unrealized		Appreciation
	Cost		Appreciation		Depreciation		(Depreciation)

SPDR S&P Retail ETF	$	744,988,690	$	2,291,654	$	85,206,487	$	(82,914,833	)
SPDR S&P Semiconductor ETF		138,181,997		14,413,315		2,819,814		11,593,501
SPDR S&P Software & Services ETF		39,594,581		5,336,329		1,158,998		4,177,331
SPDR S&P Telecom ETF		16,200,292		1,645,349		261,205		1,384,144
SPDR S&P Transportation ETF		117,816,807		17,742,471		2,283,814		15,458,657
SPDR S&P 1500 Momentum Tilt ETF		9,202,555		1,461,863		31,384		1,430,479
SPDR S&P 1500 Value Tilt ETF		7,917,649		2,086,692		58,570		2,028,122
SPDR Russell 1000 Low Volatility ETF		12,046,283		1,066,872		71,463		995,409
SPDR Russell 2000 Low Volatility ETF		12,405,184		1,080,811		76,134		1,004,677
SPDR Wells Fargo Preferred Stock ETF		300,129,933		1,338,028		12,036,445		(10,698,417	)
SPDR Barclays 1-3 Month T-Bill ETF		1,071,415,549		12,092		420		11,672
SPDR Barclays TIPS ETF		651,372,178		8,944,720		11,512,276		(2,567,556	)
SPDR Barclays 0-5 Year TIPS ETF		6,028,010		—		36,464		(36,464	)
SPDR Barclays 1-10 Year TIPS ETF		11,413,564		7,449		214,763		(207,314	)
SPDR Barclays Short Term Treasury ETF		20,147,280		13,317		47,459		(34,142	)
SPDR Barclays Intermediate Term Treasury ETF		187,873,985		483,816		1,079,497		(595,681	)
SPDR Barclays Long Term Treasury ETF		65,630,664		137,800		3,947,663		(3,809,863	)
SPDR Barclays Short Term Corporate Bond ETF		3,354,741,522		11,797,882		2,444,842		9,353,040
SPDR Barclays Intermediate Term Corporate Bond ETF		474,745,019		9,476,624		3,059,582		6,417,042
SPDR Barclays Long Term Corporate Bond ETF		88,237,831		2,438,771		2,801,622		(362,851	)
SPDR Barclays Issuer Scored Corporate Bond ETF		31,919,792		773,499		327,535		445,964
SPDR Barclays Convertible Securities ETF		2,467,422,211		277,833,464		34,628,523		243,204,941
SPDR Barclays Mortgage Backed Bond ETF		198,578,151		322,130		250,047		72,083
SPDR Barclays Aggregate Bond ETF		837,381,761		11,177,303		7,261,837		3,915,466
SPDR Nuveen Barclays Municipal Bond ETF		970,967,302		20,837,011		11,860,327		8,976,684
SPDR Nuveen Barclays California Municipal Bond ETF		73,370,323		2,543,289		1,037,610		1,505,679
SPDR Nuveen Barclays New York Municipal Bond ETF		24,668,560		434,113		380,310		53,803
SPDR Nuveen Barclays Short Term Municipal Bond ETF		2,132,921,277		15,658,377		3,537,244		12,121,133
SPDR Nuveen S&P VRDO Municipal Bond ETF		5,998,937		—		—		—
SPDR Nuveen S&P High Yield Municipal Bond ETF		225,332,714		5,651,576		7,263,836		(1,612,260	)
SPDR Nuveen Barclays Build America Bond ETF		46,599,731		839,149		1,609,411		(770,262	)
SPDR DB International Government Inflation-Protected Bond ETF		903,490,203		87,592,307		40,423,294		47,169,013
SPDR Barclays Short Term International Treasury Bond ETF		257,089,632		6,530,118		6,086,573		443,545
SPDR Barclays International Treasury Bond ETF		2,095,181,091		126,805,546		86,004,660		40,800,886
SPDR Barclays International Corporate Bond ETF		260,319,062		13,698,500		236,183		13,462,317
SPDR Barclays Emerging Markets Local Bond ETF		106,034,000		1,883,570		5,331,981		(3,448,411	)
SPDR Barclays International High Yield Bond ETF		44,865,961		199,813		306,695		(106,882	)
SPDR Barclays High Yield Bond ETF		10,691,635,483		229,659,492		83,412,565		146,246,927
SPDR Barclays Short Term High Yield Bond ETF		4,268,929,065		53,010,787		27,816,877		25,193,910
SPDR Barclays Investment Grade Floating Rate ETF		368,426,778		1,067,542		37,455		1,030,087

390


Item 2.		Controls and Procedures.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (“Investment Company Act”)) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) The registrant’s principal executive officer and principal financial officer are aware of no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.


Item 3.		Exhibits.

The certifications required by Rule 30a-2(a) under the Investment Company Act (17 CFR 270.30a-2(a)) are attached hereto.


(Name and Address of Agent for Service)		Copy to:
Christopher Madden Esq. State Street Bank and Trust Company One Lincoln Street/CPH0326 Boston, MA 02111		W. John McGuire, Esq. Bingham McCutchen LLP 2020 K Street NW Washington, DC 20006


SPDR^® Series Trust
By:	/s/ Ellen M. Needham
	Ellen M. Needham
	President



By:	/s/ Ellen M. Needham
	Ellen M. Needham
	President (Principal Executive Officer)


By:	/s/ Chad C. Hallett
	Chad C. Hallett
	Treasurer (Principal Financial Officer)


Item 1.		Schedule of Investments.