-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TKQdct1aq6nAJZzcb7bipU6aTxbf0B+NgB70ui6YTyCCu/MoXgMUETJ3yBU5hQyt hF9SaEqrvzQfLqv80EBHUw== 0000950135-06-001451.txt : 20060307 0000950135-06-001451.hdr.sgml : 20060307 20060307141808 ACCESSION NUMBER: 0000950135-06-001451 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051231 FILED AS OF DATE: 20060307 DATE AS OF CHANGE: 20060307 EFFECTIVENESS DATE: 20060307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STREETTRACKS SERIES TRUST CENTRAL INDEX KEY: 0001064642 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08839 FILM NUMBER: 06669689 BUSINESS ADDRESS: STREET 1: 225 FRANKLIN ST STREET 2: C/O STATE STREET BANK & TRUST CO CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 2126260890 MAIL ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: INDEX EXCHANGE LISTED SECURITIES TRUST DATE OF NAME CHANGE: 19980622 0001064642 S000006973 streetTRACKS DJ Wilshire Total Market ETF C000019026 streetTRACKS DJ Wilshire Total Market ETF TMW 0001064642 S000006974 streetTRACKS DJ Wilshire Small Cap Value ETF C000019027 streetTRACKS DJ Wilshire Small Cap Value ETF DSV 0001064642 S000006975 streetTRACKS DJ Global Titans ETF C000019028 streetTRACKS DJ Global Titans ETF DGT 0001064642 S000006976 streetTRACKS DJ Wilshire REIT ETF C000019029 streetTRACKS DJ Wilshire REIT ETF RWR 0001064642 S000006977 streetTRACKS KBW Bank ETF C000019030 streetTRACKS KBW Bank ETF KBE 0001064642 S000006978 streetTRACKS KBW Capital Markets ETF C000019031 streetTRACKS KBW Capital Markets ETF KCE 0001064642 S000006979 streetTRACKS KBW Insurance ETF C000019032 streetTRACKS KBW Insurance ETF KIE 0001064642 S000006980 streetTRACKS Morgan Stanley Technology ETF C000019033 streetTRACKS Morgan Stanley Technology ETF MTK 0001064642 S000006981 SPDR Dividend ETF C000019034 SPDR Dividend ETF SDY 0001064642 S000006982 SPDR O-Strip ETF C000019035 SPDR O-Strip ETF OOO 0001064642 S000006983 streetTRACKS DJ Wilshire Large Cap ETF C000019036 streetTRACKS DJ Wilshire Large Cap ETF ELR 0001064642 S000006984 streetTRACKS DJ Wilshire Large Cap Growth ETF C000019037 streetTRACKS DJ Wilshire Large Cap Growth ETF ELG 0001064642 S000006985 streetTRACKS DJ Wilshire Large Cap Value ETF C000019038 streetTRACKS DJ Wilshire Large Cap Value ETF ELV 0001064642 S000006986 streetTRACKS DJ Wilshire Mid Cap ETF C000019039 streetTRACKS DJ Wilshire Mid Cap ETF EMM 0001064642 S000006987 streetTRACKS DJ Wilshire Mid Cap Growth ETF C000019040 streetTRACKS DJ Wilshire Mid Cap Growth ETF EMG 0001064642 S000006988 streetTRACKS DJ Wilshire Mid Cap Value ETF C000019041 streetTRACKS DJ Wilshire Mid Cap Value ETF EMV 0001064642 S000006989 streetTRACKS DJ Wilshire Small Cap ETF C000019042 streetTRACKS DJ Wilshire Small Cap ETF DSC 0001064642 S000006990 streetTRACKS DJ Wilshire Small Cap Growth ETF C000019043 streetTRACKS DJ Wilshire Small Cap Growth ETF DSG 0001064642 S000010018 SPDR Biotech ETF C000027706 SPDR Biotech ETF XBI 0001064642 S000010019 SPDR Homebuilders ETF C000027707 SPDR Homebuilders ETF XHB 0001064642 S000010020 SPDR Semiconductor ETF C000027708 SPDR Semiconductor XSD 0001064642 S000012318 SPDR Aerospace & Defense ETF C000033534 SPDR Aerospace & Defense ETF 0001064642 S000012319 SPDR Oil & Gas Exploration & Production ETF C000033535 SPDR Oil & Gas Exploration & Production ETF 0001064642 S000012320 SPDR Outsourcing and IT Consulting ETF C000033536 SPDR Outsourcing and IT Consulting ETF 0001064642 S000012321 SPDR Pharmaceuticals ETF C000033537 SPDR Pharmaceuticals ETF 0001064642 S000012322 SPDR Retail ETF C000033538 SPDR Retail ETF 0001064642 S000012323 SPDR Telecom ETF C000033539 SPDR Telecom ETF 0001064642 S000012324 SPDR Transportation ETF C000033540 SPDR Transportation ETF 0001064642 S000012325 streetTRACKS KBW Regional Banking ETF C000033541 streetTRACKS KBW Regional Banking ETF 0001064642 S000012326 streetTRACKS KBW Mortgage Finance ETF C000033542 streetTRACKS KBW Mortgage Finance ETF 0001064642 S000012327 SPDR Building & Construction ETF C000033543 SPDR Building & Construction ETF 0001064642 S000012328 SPDR Computer Hardware ETF C000033544 SPDR Computer Hardware ETF 0001064642 S000012329 SPDR Computer Software ETF C000033545 SPDR Computer Software ETF 0001064642 S000012330 SPDR Health Care Equipment ETF C000033546 SPDR Health Care Equipment ETF 0001064642 S000012331 SPDR Health Care Services ETF C000033547 SPDR Health Care Services ETF 0001064642 S000012332 SPDR LeisureTime ETF C000033548 SPDR LeisureTime ETF 0001064642 S000012333 SPDR Metals & Mining ETF C000033549 SPDR Metals & Mining ETF 0001064642 S000012334 SPDR Oil & Gas Equipment & Services ETF C000033550 SPDR Oil & Gas Equipment & Services ETF N-CSRS 1 b58677kanvcsrs.txt STREETTRACKS SERIES TRUST UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811-08839 ---------------------------------------------- STREETTRACKS(R) SERIES TRUST ------------------------------------------------------------------------------ (Exact name of registrant as specified in charter) One Lincoln Street, Boston, MA 02111 ------------------------------------------------------------------------------ (Address of principal executive offices) (zip code) Scott M. Zoltowski, Esq. State Street Bank and Trust Company One Lincoln Street Boston, MA 02111 (Name and address of agent for service) Copy to: Stuart M. Strauss, Esq. Clifford Chance US LLP 31 West 52nd Street New York, New York 10019 Registrant's telephone number, including area code: (866) 787-2257 Date of fiscal year end: June 30 Date of reporting period: December 31, 2005 Item 1: Reports to Shareholders [GRAPHICS] streetTRACKS(R) SEMI-ANNUAL REPORT DECEMBER 31, 2005 [streetTRACKS (R) semi-annual report LOGO] PRESIDENT'S LETTER TO SHAREHOLDERS Dear streetTRACKS Shareholders, I am happy to provide you with the enclosed streetTRACKS Trust semi-annual report as of December 31, 2005. We are very pleased with the continued growth of the streetTRACKS family of exchange traded funds. In fact, as of December 31, 2005, streetTRACKS ETFs numbered 18 with total assets reaching nearly $2 billion. Since the start of this streetTRACKS fiscal year, we have added nine new ETFs to the streetTRACKS family. The nine new ETFs include three streetTRACKS KBW ETFs, which track precise slices of the financial sector; the SPDR Dividend ETF; and five new streetTRACKS DJ Wilshire Style ETFs. Concurrent to the introduction of the five new DJ Wilshire Style ETFs, we changed the underlying indices for our existing style ETFs from the Dow Jones Style Indices to the DJ Wilshire Style Indices. Dow Jones' decision to cease providing daily real time data for its Dow Jones Style Indexes, coupled with our desire to provide investors with a comprehensive family of style-based index solutions, motivated the transition to the DJ Wilshire Style Indexes. With this transition, we were able to achieve the goal of a full family of style ETFs by which investors can develop transparent asset allocation strategies, prevent unintended style or size bets, and implement pure style and/or market cap rotation strategies--all the while maintaining the style index purity that investors have come to expect from us. On behalf of the streetTRACKS Trust, I thank you for your continued support. I want to reassure you of our commitment to the ETF business. We are dedicated to the continued development of ETFs that are, at once, innovative and practical--to help you achieve your investment objectives. Regards, James Ross President streetTRACKS SeriesTrust 1 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Total Market ETF--PERFORMANCE SUMMARY (formerly, streetTRACKS Total Market ETF; formerly, FORTUNE 500(R) Index Fund) The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
----------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN ----------------------------------------------------------------------------------- DOW JONES FORTUNE 500/ S&P 500 INDEX NET ASSET MARKET WILSHIRE 5000 DOW JONES WILSHIRE (BROAD-BASED VALUE VALUE COMPOSITE INDEX 5000 (2) COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED 12/31/05 6.51% 6.05% 6.33% N/A 5.77% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 6.91% 6.68% 6.38% 6.82% 4.91% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 48.94% 49.75% 57.52% 49.67% 49.70% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 5.35% 5.50% 10.98% 6.22% 2.75% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 2.85% 2.68% 4.92% 11.12% -1.95% ------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN ----------------------------------------------------------------------------------- DOW JONES FORTUNE 500/ S&P 500 INDEX NET ASSET MARKET WILSHIRE 5000 DOW JONES (BROAD-BASED VALUE VALUE COMPOSITE INDEX WILSHIRE 5000 (2) COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 6.91% 6.68% 6.38% 6.82% 4.91% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 14.20% 14.41% 16.35% 14.39% 14.39% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 1.05% 1.08% 2.11% 1.21% 0.54% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 0.54% 0.51% 0.92% 2.03% -0.38% ------------------------------------------------------------------------------------------------------------------
(1) For the period October 10, 2000 (commencement of trading on the AMEX) to December 31, 2005. (2) A blended index return comprised of the Fortune 500 Index through 6/13/05 and the Dow Jones Wilshire 5000 Index return from 6/14/05 through 12/31/05. 2 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Total Market ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE TOTAL MARKET ETF (Based on Net Asset Value) [LINE GRAPH]
S&P 500 INDEX (BROAD- DJ WILSHIRE TOTAL MARKET BASED COMPARATIVE DOW JONES WILSHIRE 5000 ETF(A) INDEX)(C) COMPOSITE INDEX(B) ------------------------ --------------------- ----------------------- 10/04/00 10000 10000 10000 12/31/00 9467 9230 8970 03/31/01 8516 8135 7863 06/30/01 8978 8612 8452 09/30/01 7763 7348 7107 12/31/01 8498 8133 7986 03/31/02 8562 8155 8063 06/30/02 7480 7063 7046 09/30/02 6228 5843 5863 12/31/02 6696 6337 5863 03/31/03 6467 6337 6126 06/30/03 7422 7082 7135 09/30/03 7593 7268 7401 12/31/03 8478 8153 8321 03/31/04 8593 8418 8537 06/30/04 8706 8433 8651 09/30/04 8560 8275 8492 12/31/04 9327 9039 9358 03/31/05 9363 9004 9149 06/30/05 9364 9173 9361 09/30/05 9758 9538 9738 12/31/05 9974 9484 9927
3 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Total Market ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 -------------------------------------------------------------------------------------------------------- DESCRIPTION GENERAL EXXON MOBIL MICROSOFT CITIGROUP, PROCTER & ELECTRIC CO. CORP. CORP. INC. GAMBLE CO. -------------------------------------------------------------------------------------------------------- MARKET VALUE $2,625,455 2,559,274 1,820,014 1,753,243 1,363,942 -------------------------------------------------------------------------------------------------------- % OF NET ASSETS 2.54% 2.47 1.76 1.69 1.32 --------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Computer Software/Services 5.1% Manufacturing (Diversified) 4.4 Oil (Integrated) 4.3 Financial (Diversified) 4.2 Health Care (Drugs/Pharmaceuticals) 3.9 Banks (Major Regional) 3.4 Health Care (Medical Products/Supplies) 3.0 Electric Utilities 2.8 Electronics (Semiconductors) 2.7 Computers (Hardware) 2.6 Telephone 2.5 Banks (Regional) 2.4 Insurance (Multi-Line) 2.3 Real Estate Investment Trust 2.3 Biotechnology 2.1 Household Products (Non-Durable) 2.0 Oil & Gas (Drilling & Equipment) 1.9 Oil & Gas (Exploration/Products) 1.9 Health Care (Managed Care) 1.8 Investment Banking/Brokerage 1.8 Services (Commercial & Consumer) 1.8 Broadcasting (TV, Radio & Cable) 1.6 Aerospace/Defense 1.5 Beverages (Non-Alcoholic) 1.4 Communications Equipment 1.3 Chemicals (Diversified) 1.2 Entertainment 1.2 Retail (General Merchandising Chain) 1.2 Tobacco 1.2 Consumer Finance 1.1 Foods Products 1.0 Retail (Building Supplies) 1.0 Computers (Networking) 0.9 Insurance (Life/Health) 0.9 Restaurants 0.9 Retail (Specialty) 0.9 Savings & Loan Companies 0.9 Insurance (Property/Casualty) 0.8 Machinery (Diversified) 0.8 Natural Gas (Distribution/Pipe Line) 0.8 Trucking 0.8 Distributors (Food & Health) 0.7 Reinsurance 0.7 Retail Stores (Drug Store) 0.7 Services (Data Processing) 0.7 Cellular/Wireless Telecommunications 0.6 Computers (Peripherals) 0.6 Electronics (Instrument) 0.6 Homebuilding 0.6 Railroads 0.6 Electrical Equipment 0.5 Health Care (Diversified) 0.5
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Investment Management 0.5% Leisure Time (Products) 0.5 Retail (Department Stores) 0.5 Retail (Specialty Apparel) 0.5 Equipment (Semiconductors) 0.4 Gaming & Lottery 0.4 Lodging (Hotels) 0.4 Metals Mining 0.4 Oil & Gas (Refining & Marketing) 0.4 Paper & Related Products 0.4 Retail (Discounters) 0.4 Automobiles & Parts 0.3 Beverages (Alcoholic) 0.3 Building Materials 0.3 Chemicals (Specialty) 0.3 Electronics (Component Distribution) 0.3 Health Care (Special Services) 0.3 Household Furnishings & Appliances 0.3 Insurance (Financial Guarantee) 0.3 Office Equipment & Supplies 0.3 Retail 0.3 Services (Advertising/Marketing) 0.3 Services (Computer Systems) 0.3 Airlines 0.2 Auto Parts & Equipment 0.2 Coal 0.2 Footwear 0.2 Gold/Precious Metals Mining 0.2 Health Care (Hospital Management) 0.2 Insurance Brokers 0.2 Metal Fabricators 0.2 Publishing 0.2 Publishing (Newspapers) 0.2 Retail (Computers & Electronics) 0.2 Services (Employment) 0.2 Steel 0.2 Textiles (Apparel) 0.2 Containers (Metals & Glass) 0.1 Containers/Packaging (Paper & Plastic) 0.1 Engineering & Construction 0.1 Hand/Machine Tools 0.1 Manufacturing (Specialized) 0.1 Paper & Forest Products 0.1 Personal & Household Goods 0.1 Power Producers (Independent) 0.1 Trucks & Parts 0.1 Waste Management 0.1 Agriculture 0.0** Short Term Investments 0.3 Other Assets & Liabilities 0.1 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown represents less than 0.005% of net assets. 4 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Large Cap ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
------------------------------------------------------------------------------------------------------------------ CUMULATIVE TOTAL RETURN ------------------------------------------------------------------------------ NET ASSET MARKET DOW JONES WILSHIRE DOW JONES LARGE CAP INDEX VALUE VALUE LARGE CAP INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 1.92% 2.08% 1.93% 1.51% ------------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE LARGE CAP ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES LARGE CAP DJ WILSHIRE LARGE CAP INDEX (BROAD-BASED DOW JONES WILSHIRE LARGE ETF(A) COMPARATIVE INDEX)(C) CAP INDEX(B) --------------------- --------------------- ------------------------ 11/08/05 10000 10000 10000 12/31/05 10278 10237 10280
5 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Large Cap ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ----------------------------------------------------------------------------------------------------------------- DESCRIPTION GENERAL EXXON MOBIL CITIGROUP, INC. MICROSOFT PROCTER & ELECTRIC CO. CORP. CORP. GAMBLE CO. ----------------------------------------------------------------------------------------------------------------- MARKET VALUE $427,926 411,670 290,549 284,015 224,980 ----------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 2.98% 2.87 2.02 1.98 1.57 -----------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Oil (Integrated) 5.3% Computer Software/Services 5.1 Financial (Diversified) 4.8 Manufacturing (Diversified) 4.8 Banks (Major Regional) 4.4 Health Care (Drugs/Pharmaceuticals) 4.2 Health Care (Medical Products/Supplies) 3.2 Electric Utilities 3.0 Computers (Hardware) 2.9 Telephone 2.8 Electronics (Semiconductors) 2.7 Insurance (Multi-Line) 2.5 Household Products (Non-Durable) 2.3 Investment Banking/Brokerage 2.0 Biotechnology 1.9 Oil & Gas (Drilling & Equipment) 1.9 Health Care (Managed Care) 1.8 Aerospace/Defense 1.7 Oil & Gas (Exploration/Products) 1.7 Beverages (Non-Alcoholic) 1.6 Broadcasting (TV, Radio & Cable) 1.6 Entertainment 1.4 Real Estate Investment Trust 1.4 Retail (General Merchandising Chain) 1.4 Tobacco 1.4 Chemicals (Diversified) 1.3 Banks (Regional) 1.2 Services (Commercial & Consumer) 1.2 Communications Equipment 1.1 Consumer Finance 1.1 Foods Products 1.1 Retail (Building Supplies) 1.1 Computers (Networking) 1.0 Insurance (Life/Health) 1.0 Insurance (Property/Casualty) 0.8 Machinery (Diversified) 0.8 Restaurants 0.8 Cellular/Wireless Telecommunications 0.7 Reinsurance 0.7 Retail (Specialty) 0.7 Retail Stores (Drug Store) 0.7 Savings & Loan Companies 0.7 Trucking 0.7 Distributors (Food & Health) 0.6 Natural Gas (Distribution/Pipe Line) 0.6 Railroads 0.6 Services (Data Processing) 0.6 Computers (Peripherals) 0.5 Health Care (Diversified) 0.5 Investment Management 0.5 Retail (Specialty Apparel) 0.5 Beverages (Alcoholic) 0.4
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Electrical Equipment 0.4% Equipment (Semiconductors) 0.4 Gaming & Lottery 0.4 Homebuilding 0.4 Leisure Time (Products) 0.4 Metals Mining 0.4 Retail (Department Stores) 0.4 Automobiles & Parts 0.3 Building Materials 0.3 Chemicals (Specialty) 0.3 Electronics (Instrument) 0.3 Health Care (Hospital Management) 0.3 Insurance (Financial Guarantee) 0.3 Insurance Brokers 0.3 Lodging (Hotels) 0.3 Paper & Related Products 0.3 Publishing (Newspapers) 0.3 Retail 0.3 Retail (Discounters) 0.3 Coal 0.2 Gold/Precious Metals Mining 0.2 Health Care (Special Services) 0.2 Household Furnishings & Appliances 0.2 Office Equipment & Supplies 0.2 Personal & Household Goods 0.2 Publishing 0.2 Retail (Computers & Electronics) 0.2 Services (Advertising/Marketing) 0.2 Services (Computer Systems) 0.2 Textiles (Apparel) 0.2 Waste Management 0.2 Airlines 0.1 Auto Parts & Equipment 0.1 Containers (Metals & Glass) 0.1 Containers/Packaging (Paper & Plastic) 0.1 Electronics (Component Distribution) 0.1 Engineering & Construction 0.1 Footwear 0.1 Hand/Machine Tools 0.1 Manufacturing (Specialized) 0.1 Metal Fabricators 0.1 Paper & Forest Products 0.1 Power Producers (Independent) 0.1 Services (Employment) 0.1 Steel 0.1 Transportation 0.1 Trucks & Parts 0.1 Oil & Gas (Refining & Marketing) 0.0** Short Term Investments 0.2 Other Assets & Liabilities 0.1 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown represents less than 0.005% of net assets. 6 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Large Cap Growth ETF--PERFORMANCE SUMMARY (formerly, streetTRACKS Dow Jones U.S. Large Cap Growth Index Fund) The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN ------------------------------------------------------------------------------------- DOW JONES DOW JONES DOW JONES LARGE CAP INDEX NET ASSET MARKET WILSHIRE LARGE CAP U.S. LARGE CAP (BROAD-BASED VALUE VALUE GROWTH INDEX (2) GROWTH INDEX (3) COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED 12/31/05 7.22% 7.08% 7.34% 6.59% 5.54% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 3.10% 2.79% 3.28% 2.56% 4.62% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 39.73% 38.86% 40.69% 39.71% 45.37% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 -29.00% -30.14% -28.25% -28.75% -6.33% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING -46.42% -47.22% -45.85% -46.23% -16.54% (1) ------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN ------------------------------------------------------------------------------------- DOW JONES DOW JONES DOW JONES LARGE CAP INDEX NET ASSET MARKET WILSHIRE LARGE CAP U.S. LARGE CAP (BROAD-BASED VALUE VALUE GROWTH INDEX (2) GROWTH INDEX (3) COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 3.10% 2.79% 3.28% 2.56% 4.62% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 11.80% 11.57% 12.05% 11.79% 13.28% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 -6.62% -6.92% -6.42% -6.55% -1.30% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING -11.20% -11.45% -11.03% -11.15% -3.38% (1) ------------------------------------------------------------------------------------------------------------------
(1) For the period September 29, 2000 (commencement of trading on the AMEX) to December 31, 2005. (2) Effective October 31, 2005, the Fund changed its benchmark to the Dow Jones Wilshire Large Cap Growth Index. (3) The Dow Jones U.S. Large Cap Growth Index ceased real-time publication on or about October 31, 2005. 7 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Large Cap Growth ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE LARGE CAP GROWTH ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES LARGE CAP DJ WILSHIRE LARGE CAP INDEX (BROAD-BASED DOW JONES WILSHIRE LARGE GROWTH ETF(A) COMPARATIVE INDEX)(C) CAP GROWTH INDEX(B) --------------------- --------------------- ------------------------ 09/25/00 10000 10000 10000 09/30/00 9800 9969 9799 12/31/00 7395 8882 7395 03/31/01 5703 7629 5706 06/30/01 6252 8039 6260 09/30/01 4696 6847 4704 12/31/01 5498 7508 5512 03/31/02 5244 7447 5259 06/30/02 4233 6353 4246 09/30/02 3506 5290 3518 12/31/02 3757 5723 3771 03/31/03 3780 5542 3796 06/30/03 4249 6376 4270 09/30/03 4378 6499 4402 12/31/03 4854 7263 4885 03/31/04 4872 7341 4905 06/30/04 4959 7466 4996 09/30/04 4696 7309 4734 12/31/04 5093 7953 5139 03/31/05 4839 7780 4884 06/30/05 4896 7884 4944 09/30/05 5067 8146 5118 12/31/05 5250 8320 5306
8 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Large Cap Growth ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ------------------------------------------------------------------------------------------------------------------- DESCRIPTION MICROSOFT PROCTER & JOHNSON & INTERNATIONAL BUSINESS WAL-MART CORP. GAMBLE CO. JOHNSON MACHINES CORP. STORES, INC. ------------------------------------------------------------------------------------------------------------------- MARKET VALUE $5,991,514 4,777,473 4,321,070 3,174,235 2,926,872 ------------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 4.18% 3.33 3.01 2.21 2.04 -------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Computer Software/Services 9.4% Health Care (Medical Products/Supplies) 6.7 Computers (Hardware) 4.3 Household Products (Non-Durable) 4.2 Oil & Gas (Drilling & Equipment) 4.1 Biotechnology 4.0 Health Care (Managed Care) 3.8 Broadcasting (TV, Radio & Cable) 3.2 Oil & Gas (Exploration/Products) 3.2 Retail (General Merchandising Chain) 3.0 Electronics (Semiconductors) 2.7 Aerospace/Defense 2.2 Retail (Building Supplies) 2.2 Computers (Networking) 2.1 Communications Equipment 1.9 Consumer Finance 1.9 Services (Commercial & Consumer) 1.8 Beverages (Non-Alcoholic) 1.7 Health Care (Drugs/Pharmaceuticals) 1.7 Manufacturing (Diversified) 1.6 Trucking 1.6 Reinsurance 1.5 Retail Stores (Drug Store) 1.5 Retail (Specialty) 1.4 Distributors (Food & Health) 1.3 Entertainment 1.3 Services (Data Processing) 1.3 Insurance (Life/Health) 1.2 Computers (Peripherals) 1.0 Banks (Major Regional) 0.9 Financial (Diversified) 0.9 Homebuilding 0.9 Equipment (Semiconductors) 0.8 Restaurants 0.8 Retail (Specialty Apparel) 0.8 Gaming & Lottery 0.7 Insurance (Property/Casualty) 0.7 Investment Management 0.7 Lodging (Hotels) 0.7 Oil & Gas (Refining & Marketing) 0.7 Beverages (Alcoholic) 0.6 Chemicals (Diversified) 0.6 Health Care (Hospital Management) 0.6 Retail (Discounters) 0.6 Savings & Loan Companies 0.6 Cellular/Wireless Telecommunications 0.5
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Electronics (Instrument) 0.4% Foods Products 0.4 Gold/Precious Metals Mining 0.4 Health Care (Diversified) 0.4 Health Care (Special Services) 0.4 Machinery (Diversified) 0.4 Publishing 0.4 Retail (Department Stores) 0.4 Services (Advertising/Marketing) 0.4 Chemicals (Specialty) 0.3 Coal 0.3 Natural Gas (Distribution/Pipe Line) 0.3 Personal & Household Goods 0.3 Railroads 0.3 Real Estate Investment Trust 0.3 Retail (Computers & Electronics) 0.3 Services (Employment) 0.3 Textiles (Apparel) 0.3 Waste Management 0.3 Airlines 0.2 Automobiles & Parts 0.2 Electric Utilities 0.2 Electronics (Component Distribution) 0.2 Engineering & Construction 0.2 Footwear 0.2 Household Furnishings & Appliances 0.2 Investment Banking/Brokerage 0.2 Metals Mining 0.2 Retail 0.2 Auto Parts & Equipment 0.1 Banks (Regional) 0.1 Building Materials 0.1 Containers (Metals & Glass) 0.1 Containers/Packaging (Paper & Plastic) 0.1 Hand/Machine Tools 0.1 Insurance Brokers 0.1 Leisure Time (Products) 0.1 Manufacturing (Specialized) 0.1 Metal Fabricators 0.1 Publishing (Newspapers) 0.1 Services (Computer Systems) 0.1 Telephone 0.1 Short Term Investments 0.0** Other Assets & Liabilities 0.2 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown represents less than 0.005% of net assets. 9 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Large Cap Value ETF--PERFORMANCE SUMMARY (formerly, streetTRACKS Dow Jones U.S. Large Cap Value Index Fund) The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN --------------------------------------------------------------------------------- DOW JONES DOW JONES DOW JONES LARGE CAP INDEX NET ASSET MARKET WILSHIRE LARGE CAP U.S. LARGE CAP (BROAD-BASED VALUE VALUE VALUE INDEX (2) VALUE INDEX (3) COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED 12/31/05 5.05% 4.96% 5.13% 4.64% 5.54% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 5.48% 5.38% 5.61% 5.12% 4.62% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 49.76% 49.34% 50.78% 50.08% 45.37% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 15.63% 15.64% 16.92% 16.37% -6.33% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 20.34% 20.07% 21.70% 21.13% -16.54% ------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN --------------------------------------------------------------------------------- DOW JONES DOW JONES DOW JONES LARGE CAP INDEX NET ASSET MARKET WILSHIRE LARGE CAP U.S. LARGE CAP (BROAD-BASED VALUE VALUE VALUE INDEX (2) VALUE INDEX (3) COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 5.48% 5.38% 5.61% 5.12% 4.62% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 14.41% 14.30% 14.67% 14.49% 13.28% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 2.95% 2.95% 3.18% 3.08% -1.30% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 3.59% 3.54% 3.81% 3.71% -3.38% ------------------------------------------------------------------------------------------------------------------
(1) For the period September 29, 2000 (commencement of trading on the AMEX) to December 31, 2005. (2) Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones Wilshire Large Cap Value Index. (3) The Dow Jones U.S. Large Cap Value Index ceased real-time publication on or about October 31, 2005. 10 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Large Cap Value ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE LARGE CAP VALUE ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES LARGE CAP DJ WILSHIRE LARGE CAP INDEX (BROAD-BASED DOW JONES WILSHIRE LARGE VALUE ETF(A) COMPARATIVE INDEX)(C) CAP VALUE INDEX(B) --------------------- --------------------- ------------------------ 9/25/00 10000 10000 10000 9/30/00 10175 9969 10179 12/31/00 10592 8882 10595 3/31/01 9812 7629 9819 6/30/01 10128 8039 10142 9/30/01 9422 6847 9437 12/31/01 9925 7508 9947 3/31/02 10079 7447 10110 6/30/02 8881 6353 8909 9/30/02 7418 5290 7445 12/31/02 8175 5723 8214 3/31/03 7726 5542 7765 6/30/03 9136 6376 9192 9/30/03 9152 6499 9212 12/31/03 10262 7263 10341 3/31/04 10428 7341 10513 6/30/04 10555 7466 10648 9/30/04 10690 7309 10787 12/31/04 11609 7953 11725 3/31/05 11518 7779 11635 6/30/05 11657 7884 11780 9/30/05 12032 8145 12163 12/31/05 12245 8320 12387
11 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Large Cap Value ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 -------------------------------------------------------------------------------------------------------------------- DESCRIPTION GENERAL EXXON MOBIL CITIGROUP, INC. BANK OF PFIZER, INC. ELECTRIC CO. CORP. AMERICA CORP. -------------------------------------------------------------------------------------------------------------------- MARKET VALUE $5,556,897 5,345,587 3,771,994 3,220,532 2,589,406 -------------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 5.66% 5.44 3.84 3.28 2.64 --------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Oil (Integrated) 9.5% Financial (Diversified) 8.3 Manufacturing (Diversified) 7.8 Banks (Major Regional) 7.5 Health Care (Drugs/Pharmaceuticals) 6.4 Electric Utilities 5.5 Telephone 5.2 Insurance (Multi-Line) 4.8 Investment Banking/Brokerage 3.5 Electronics (Semiconductors) 2.8 Banks (Regional) 2.6 Tobacco 2.6 Real Estate Investment Trust 2.5 Chemicals (Diversified) 1.8 Foods Products 1.7 Computers (Hardware) 1.6 Beverages (Non-Alcoholic) 1.4 Entertainment 1.4 Computer Software/Services 1.3 Aerospace/Defense 1.2 Machinery (Diversified) 1.1 Insurance (Property/Casualty) 0.9 Railroads 0.9 Cellular/Wireless Telecommunications 0.8 Electrical Equipment 0.8 Insurance (Life/Health) 0.8 Leisure Time (Products) 0.8 Natural Gas (Distribution/Pipe Line) 0.8 Savings & Loan Companies 0.8 Health Care (Diversified) 0.7 Restaurants 0.7 Metals Mining 0.6 Household Products (Non-Durable) 0.5 Insurance (Financial Guarantee) 0.5 Paper & Related Products 0.5 Publishing (Newspapers) 0.5 Retail 0.5 Retail (Department Stores) 0.5 Services (Commercial & Consumer) 0.5 Building Materials 0.4 Communications Equipment 0.4 Electronics (Instrument) 0.4 Insurance Brokers 0.4
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Office Equipment & Supplies 0.4% Automobiles & Parts 0.3 Chemicals (Specialty) 0.3 Investment Management 0.3 Oil & Gas (Exploration/Products) 0.3 Services (Computer Systems) 0.3 Trucks & Parts 0.3 Containers/Packaging (Paper & Plastic) 0.2 Electronics (Component Distribution) 0.2 Household Furnishings & Appliances 0.2 Paper & Forest Products 0.2 Retail (Specialty) 0.2 Steel 0.2 Textiles (Apparel) 0.2 Auto Parts & Equipment 0.1 Beverages (Alcoholic) 0.1 Biotechnology 0.1 Broadcasting (TV, Radio & Cable) 0.1 Coal 0.1 Computers (Peripherals) 0.1 Distributors (Food & Health) 0.1 Hand/Machine Tools 0.1 Health Care (Hospital Management) 0.1 Manufacturing (Specialized) 0.1 Oil & Gas (Refining & Marketing) 0.1 Personal & Household Goods 0.1 Power Producers (Independent) 0.1 Reinsurance 0.1 Retail (Building Supplies) 0.1 Retail (Computers & Electronics) 0.1 Retail (Specialty Apparel) 0.1 Services (Advertising/Marketing) 0.1 Waste Management 0.1 Containers (Metals & Glass) 0.0** Equipment (Semiconductors) 0.0** Health Care (Medical Products/Supplies) 0.0** Publishing 0.0** Trucking 0.0** Short Term Investments 0.3 Other Assets & Liabilities 0.0** ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown represents less than 0.005% of net assets. 12 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Mid Cap ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN --------------------------------------------------------------------------- NET ASSET MARKET DOW JONES WILSHIRE DOW JONES MID CAP INDEX VALUE VALUE MID CAP INDEX (BROAD-BASED COMPARATIVE INDEX) --------------------------------------------------------------------------------------------------------------- SINCE INCEPTION OF TRADING (1) 3.42% 3.21% 3.45% 3.86% ---------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE MID CAP ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES MID CAP DJ WILSHIRE MID CAP INDEX (BROAD-BASED DOW JONES WILSHIRE MID ETF(A) COMPARATIVE INDEX)(C) CAP INDEX(B) ------------------- --------------------- ---------------------- 11/08/05 10000 10000 10000 12/31/05 10437 10489 10441
13 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Mid Cap ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ---------------------------------------------------------------------------------------------------------------- DESCRIPTION IVAX CORP. OMNICARE, CONSOL SOUTHWESTERN HEALTH NET, INC. INC. ENERGY, INC. ENERGY CO. ---------------------------------------------------------------------------------------------------------------- MARKET VALUE $123,252 122,851 110,154 107,353 107,224 ---------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 0.48% 0.48 0.43 0.42 0.42 ----------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Real Estate Investment Trust 7.2% Services (Commercial & Consumer) 5.2 Computer Software/Services 5.0 Electric Utilities 4.5 Health Care (Medical Products/Supplies) 4.3 Banks (Regional) 4.2 Oil & Gas (Exploration/Products) 2.7 Chemicals (Specialty) 2.5 Natural Gas (Distribution/Pipe Line) 2.5 Oil & Gas (Drilling & Equipment) 2.1 Biotechnology 2.0 Health Care (Drugs/Pharmaceuticals) 2.0 Retail (Specialty) 2.0 Manufacturing (Diversified) 1.8 Electronics (Instrument) 1.7 Electronics (Semiconductors) 1.7 Retail (Specialty Apparel) 1.7 Communications Equipment 1.4 Health Care (Managed Care) 1.4 Services (Data Processing) 1.4 Insurance (Property/Casualty) 1.3 Investment Management 1.3 Electronics (Component Distribution) 1.2 Insurance (Multi-Line) 1.2 Containers/Packaging (Paper & Plastic) 1.1 Services (Advertising/Marketing) 1.1 Coal 1.0 Homebuilding 1.0 Paper & Related Products 1.0 Savings & Loan Companies 1.0 Auto Parts & Equipment 0.9 Foods Products 0.9 Gaming & Lottery 0.9 Health Care (Special Services) 0.9 Insurance (Life/Health) 0.9 Leisure Time (Products) 0.9 Publishing (Newspapers) 0.9 Trucking 0.9 Building Materials 0.8 Equipment (Semiconductors) 0.8 Manufacturing (Specialized) 0.8 Reinsurance 0.8 Telephone 0.8 Textiles (Apparel) 0.8 Containers (Metals & Glass) 0.7 Services (Employment) 0.7 Beverages (Alcoholic) 0.6 Cellular/Wireless Telecommunications 0.6
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Financial (Diversified) 0.6% Health Care (Hospital Management) 0.6 Insurance (Financial Guarantee) 0.6 Investment Banking/Brokerage 0.6 Machinery (Diversified) 0.6 Restaurants 0.6 Retail (Discounters) 0.6 Trucks & Parts 0.6 Broadcasting (TV, Radio & Cable) 0.5 Chemicals (Diversified) 0.5 Insurance Brokers 0.5 Power Producers (Independent) 0.5 Publishing 0.5 Retail (Computers & Electronics) 0.5 Transportation 0.5 Consumer Finance 0.4 Electrical Equipment 0.4 Environmental Control 0.4 Gold/Precious Metals Mining 0.4 Hand/Machine Tools 0.4 Household Products (Non-Durable) 0.4 Lodging (Hotels) 0.4 Oil & Gas (Refining & Marketing) 0.4 Beverages (Non-Alcoholic) 0.3 Computers (Peripherals) 0.3 Distributors (Food & Health) 0.3 Engineering & Construction 0.3 Footwear 0.3 Household Furnishings & Appliances 0.3 Metal Fabricators 0.3 Personal & Household Goods 0.3 Retail (Department Stores) 0.3 Waste Management 0.3 Aerospace/Defense 0.2 Airlines 0.2 Distribution/Wholesale 0.2 Entertainment 0.2 Office Furnishings 0.2 Oil Field Services 0.2 Steel 0.2 Tobacco 0.2 Industrial Goods & Services 0.1 Retail Stores (Drug Store) 0.1 Short Term Investments 0.2 Other Assets & Liabilities 0.4 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. 14 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Mid Cap Growth ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
------------------------------------------------------------------------------------------------------------------ CUMULATIVE TOTAL RETURN ------------------------------------------------------------------------------ NET ASSET MARKET DOW JONES WILSHIRE MID CAP DOW JONES MID CAP INDEX VALUE VALUE GROWTH INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 3.68% 2.98% 3.73% 3.86% ------------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE MID CAP GROWTH ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES MID CAP DJ WILSHIRE MID CAP INDEX (BROAD-BASED DOW JONES WILSHIRE MID GROWTH INDEX ETF(A) COMPARATIVE INDEX)(C) CAP GROWTH INDEX(B) ------------------- --------------------- ---------------------- 11/08/05 10000 10000 10000 12/31/05 10438 10489 10444
15 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Mid Cap Growth ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ------------------------------------------------------------------------------------------------------------------ DESCRIPTION IVAX CORP. OMNICARE, INC. SOUTHWESTERN NII HOLDINGS, NVIDIA CORP. ENERGY CO. INC. ------------------------------------------------------------------------------------------------------------------ MARKET VALUE $250,859 248,907 217,868 215,080 214,461 ------------------------------------------------------------------------------------------------------------------ % OF NET ASSETS 0.99% 0.98 0.86 0.85 0.85 ------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Health Care (Medical Products/Supplies) 8.1% Services (Commercial & Consumer) 7.0 Computer Software/Services 6.3 Oil & Gas (Exploration/Products) 4.7 Oil & Gas (Drilling & Equipment) 4.4 Health Care (Drugs/Pharmaceuticals) 4.3 Retail (Specialty Apparel) 3.6 Retail (Specialty) 3.6 Biotechnology 3.3 Electronics (Semiconductors) 2.9 Health Care (Managed Care) 2.9 Services (Data Processing) 2.9 Gaming & Lottery 1.9 Electronics (Instrument) 1.8 Health Care (Special Services) 1.8 Communications Equipment 1.7 Insurance (Property/Casualty) 1.7 Natural Gas (Distribution/Pipe Line) 1.7 Services (Advertising/Marketing) 1.6 Cellular/Wireless Telecommunications 1.4 Services (Employment) 1.4 Health Care (Hospital Management) 1.3 Real Estate Investment Trust 1.3 Restaurants 1.3 Equipment (Semiconductors) 1.2 Retail (Discounters) 1.2 Chemicals (Specialty) 1.1 Containers (Metals & Glass) 1.1 Machinery (Diversified) 1.0 Auto Parts & Equipment 0.9 Homebuilding 0.9 Investment Management 0.9 Manufacturing (Diversified) 0.9 Electronics (Component Distribution) 0.8 Household Products (Non-Durable) 0.8 Leisure Time (Products) 0.8
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Manufacturing (Specialized) 0.8% Trucking 0.8 Coal 0.7 Consumer Finance 0.7 Footwear 0.7 Publishing 0.7 Computers (Peripherals) 0.6 Engineering & Construction 0.6 Environmental Control 0.6 Textiles (Apparel) 0.6 Containers/Packaging (Paper & Plastic) 0.5 Gold/Precious Metals Mining 0.5 Insurance (Multi-Line) 0.5 Insurance Brokers 0.5 Lodging (Hotels) 0.5 Personal & Household Goods 0.5 Reinsurance 0.5 Trucks & Parts 0.5 Aerospace/Defense 0.4 Airlines 0.4 Building Materials 0.4 Financial (Diversified) 0.4 Banks (Regional) 0.3 Entertainment 0.3 Industrial Goods & Services 0.3 Office Furnishings 0.3 Oil & Gas (Refining & Marketing) 0.3 Beverages (Non-Alcoholic) 0.2 Broadcasting (TV, Radio & Cable) 0.2 Chemicals (Diversified) 0.2 Publishing (Newspapers) 0.2 Transportation 0.2 Short Term Investments 0.3 Other Assets & Liabilities 0.3 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. 16 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Mid Cap Value ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN --------------------------------------------------------------------------- NET ASSET MARKET DOW JONES WILSHIRE DOW JONES MID CAP INDEX VALUE VALUE MID CAP VALUE INDEX (BROAD-BASED COMPARATIVE INDEX) --------------------------------------------------------------------------------------------------------------- SINCE INCEPTION OF TRADING (1) 3.19% 2.32% 3.20% 3.86% ---------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE MID CAP VALUE ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES MID CAP DJ WILSHIRE MID CAP INDEX (BROAD-BASED DOW JONES WILSHIRE MID VALUE ETF COMPARATIVE INDEX) CAP VALUE INDEX ------------------- ------------------ ---------------------- 11/08/05 10000 10000 10000 12/31/05 10438 10489 10439
17 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Mid Cap Value ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ------------------------------------------------------------------------------------------------------------------------ DESCRIPTION CONSOL APPLERA CORP.- ALLEGHENY TEMPLE- INLAND, EQUIFAX, INC. ENERGY, INC. APPLIED ENERGY, INC. INC. BIOSYSTEMS GROUP ------------------------------------------------------------------------------------------------------------------------ MARKET VALUE $213,204 188,974 180,975 180,925 180,633 ------------------------------------------------------------------------------------------------------------------------ % OF NET ASSETS 0.81% 0.72 0.69 0.69 0.69 ------------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Real Estate Investment Trust 12.7% Electric Utilities 8.7 Banks (Regional) 7.8 Chemicals (Specialty) 3.9 Computer Software/Services 3.7 Services (Commercial & Consumer) 3.5 Natural Gas (Distribution/Pipe Line) 3.3 Manufacturing (Diversified) 2.7 Paper & Related Products 2.0 Savings & Loan Companies 2.0 Insurance (Multi-Line) 1.9 Foods Products 1.8 Insurance (Life/Health) 1.7 Containers/Packaging (Paper & Plastic) 1.6 Electronics (Component Distribution) 1.6 Electronics (Instrument) 1.6 Investment Management 1.6 Telephone 1.6 Publishing (Newspapers) 1.5 Building Materials 1.3 Coal 1.2 Insurance (Financial Guarantee) 1.2 Beverages (Alcoholic) 1.1 Communications Equipment 1.1 Investment Banking/Brokerage 1.1 Reinsurance 1.1 Trucking 1.1 Homebuilding 1.0 Leisure Time (Products) 1.0 Auto Parts & Equipment 0.9 Insurance (Property/Casualty) 0.9 Power Producers (Independent) 0.9 Retail (Computers & Electronics) 0.9 Textiles (Apparel) 0.9 Broadcasting (TV, Radio & Cable) 0.8 Chemicals (Diversified) 0.8 Financial (Diversified) 0.8
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Hand/Machine Tools 0.8% Health Care (Medical Products/Supplies) 0.8 Manufacturing (Specialized) 0.8 Transportation 0.8 Biotechnology 0.7 Electrical Equipment 0.7 Electronics (Semiconductors) 0.7 Oil & Gas (Exploration/Products) 0.7 Trucks & Parts 0.7 Distributors (Food & Health) 0.6 Household Furnishings & Appliances 0.6 Insurance Brokers 0.6 Metal Fabricators 0.6 Oil & Gas (Refining & Marketing) 0.6 Waste Management 0.6 Beverages (Non-Alcoholic) 0.5 Retail (Department Stores) 0.5 Retail (Specialty) 0.5 Services (Advertising/Marketing) 0.5 Tobacco 0.5 Containers (Metals & Glass) 0.4 Equipment (Semiconductors) 0.4 Steel 0.4 Distribution/Wholesale 0.3 Gold/Precious Metals Mining 0.3 Machinery (Diversified) 0.3 Oil Field Services 0.3 Publishing 0.3 Consumer Finance 0.2 Environmental Control 0.2 Lodging (Hotels) 0.2 Retail Stores (Drug Store) 0.2 Entertainment 0.1 Short Term Investments 0.2 Other Assets & Liabilities 0.1 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. 18 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Small Cap ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
---------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN ---------------------------------------------------------------------------- NET ASSET MARKET DOW JONES WILSHIRE SMALL DOW JONES SMALL CAP INDEX VALUE VALUE CAP INDEX (BROAD-BASED COMPARATIVE INDEX) ---------------------------------------------------------------------------------------------------------------- SINCE INCEPTION OF TRADING (1) 3.21% 1.92% 3.28% 3.45% ----------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE SMALL CAP ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES SMALL CAP DJ WILSHIRE SMALL CAP INDEX (BROAD-BASED DOW JONES WILSHIRE SMALL ETF(A) COMPARATIVE INDEX)(C) CAP INDEX(B) --------------------- --------------------- ------------------------ 11/08/05 10000 10000 10000 12/31/05 10359 10396 10366
19 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Small Cap ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ------------------------------------------------------------------------------------------------------------------------------ DESCRIPTION RED HAT, INC. AMYLIN INTUITIVE WESTERN AXIS CAPITAL PHARMACEUTICALS, INC. SURGICAL, INC. DIGITAL CORP. HOLDINGS, LTD. ------------------------------------------------------------------------------------------------------------------------------ MARKET VALUE $65,594 57,724 56,993 55,160 54,803 ------------------------------------------------------------------------------------------------------------------------------ % OF NET ASSETS 0.27% 0.24 0.23 0.23 0.22 ------------------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Real Estate Investment Trust 7.9% Banks (Regional) 6.3 Computer Software/Services 5.6 Services (Commercial & Consumer) 5.1 Health Care (Medical Products/Supplies) 3.9 Oil & Gas (Exploration/Products) 3.0 Electronics (Semiconductors) 2.7 Natural Gas (Distribution/Pipe Line) 2.4 Biotechnology 2.2 Health Care (Special Services) 2.2 Retail (Specialty) 2.2 Manufacturing (Diversified) 2.0 Communications Equipment 1.9 Electric Utilities 1.9 Oil & Gas (Drilling & Equipment) 1.7 Machinery (Diversified) 1.6 Chemicals (Specialty) 1.5 Insurance (Property/Casualty) 1.5 Restaurants 1.5 Reinsurance 1.3 Electronics (Instrument) 1.2 Financial (Diversified) 1.2 Health Care (Drugs/Pharmaceuticals) 1.2 Retail (Specialty Apparel) 1.2 Savings & Loan Companies 1.1 Services (Data Processing) 1.1 Building Materials 1.0 Homebuilding 1.0 Steel 1.0 Electronics (Component Distribution) 0.9 Foods Products 0.9 Trucking 0.9 Aerospace/Defense 0.8 Auto Parts & Equipment 0.8 Broadcasting (TV, Radio & Cable) 0.8 Cellular/Wireless Telecommunications 0.8 Electrical Equipment 0.8 Equipment (Semiconductors) 0.8 Insurance (Life/Health) 0.8 Airlines 0.7 Distribution/Wholesale 0.7 Environmental Control 0.7 Investment Management 0.7 Leisure Time (Products) 0.7 Computers (Hardware) 0.6 Footwear 0.6 Investment Banking/Brokerage 0.6 Metal Fabricators 0.6 Paper & Forest Products 0.6 Services (Employment) 0.6 Textiles (Apparel) 0.6 Transportation 0.6 Chemicals (Diversified) 0.5 Computers (Peripherals) 0.5 Engineering & Construction 0.5
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Household Products (Non-Durable) 0.5% Insurance (Multi-Line) 0.5 Lodging (Hotels) 0.5 Manufacturing (Specialized) 0.5 Oil & Gas (Refining & Marketing) 0.5 Retail (Department Stores) 0.5 Services (Advertising/Marketing) 0.5 Shipping 0.5 Beverages (Non-Alcoholic) 0.4 Coal 0.4 Entertainment 0.4 Gaming & Lottery 0.4 Gold/Precious Metals Mining 0.4 Metals Mining 0.4 Retail (Discounters) 0.4 Telephone 0.4 Energy- Alternate Sources 0.3 Gas & Pipeline Utilities 0.3 Household Furnishings & Appliances 0.3 Office Furnishings 0.3 Publishing 0.3 Publishing (Newspapers) 0.3 Services (Computer Systems) 0.3 Tobacco 0.3 Trucks & Parts 0.3 Computers (Networking) 0.2 Consumer Finance 0.2 Distributors (Food & Health) 0.2 Electronics (Defense) 0.2 Hand/Machine Tools 0.2 Insurance Brokers 0.2 Office Equipment & Supplies 0.2 Personal Care 0.2 Railroads 0.2 Telecommunications 0.2 Agriculture 0.1 Consumer (Jewelry/Novelties) 0.1 Containers (Metals & Glass) 0.1 Containers/Packaging (Paper & Plastic) 0.1 Industrial Goods & Services 0.1 Oil (Integrated) 0.1 Oil Field Services 0.1 Power Producers (Independent) 0.1 Retail 0.1 Retail Stores (Drug Store) 0.1 Semiconductors 0.1 Specialty Printing 0.1 Water 0.1 Air Freight 0.0** Beverages (Alcoholic) 0.0** Storage/Warehousing 0.0** Short Term Investments 0.1 Other Assets & Liabilities 0.2 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown is less than 0.005% of net assets. 20 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Small Cap Growth ETF--PERFORMANCE SUMMARY (formerly, streetTRACKS Dow Jones U.S. Small Cap Growth Index Fund) The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN --------------------------------------------------------------------------------------- DOW JONES DOW JONES DOW JONES NET ASSET MARKET WILSHIRE SMALL CAP U.S. SMALL CAP SMALL CAP INDEX VALUE VALUE GROWTH INDEX(2) GROWTH INDEX(3) (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED 12/31/05 8.18% 7.52% 8.29% 8.11% 7.76% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 8.73% 8.77% 8.97% 8.78% 7.98% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 85.41% 84.59% 86.83% 86.51% 85.98% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 3.15% 3.26% 4.51% 4.33% 58.16% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING -17.18% -17.42% -16.22% -16.31% 47.90% (1) ------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN --------------------------------------------------------------------------------------- DOW JONES DOW JONES DOW JONES NET ASSET MARKET WILSHIRE SMALL CAP U.S. SMALL CAP SMALL CAP INDEX VALUE VALUE GROWTH INDEX(2) GROWTH INDEX(3) (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 8.73% 8.77% 8.97% 8.78% 7.98% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 22.85% 22.67% 23.16% 23.09% 22.98% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 0.62% 0.64% 0.89% 0.85% 9.60% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING -3.53% -3.58% -3.31% -3.33% 7.73% (1) ------------------------------------------------------------------------------------------------------------------
(1) For the period September 29, 2000 (commencement of trading on the AMEX) to December 31, 2005. (2) Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones Wilshire Small Cap Growth Index. (3) The Dow Jones U.S. Small Cap Growth Index ceased real-time publication on or about October 31, 2005 21 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Small Cap Growth ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE SMALL CAP GROWTH ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES SMALL CAP DJ WILSHIRE SMALL CAP INDEX (BROAD-BASED DOW JONES WILSHIRE SMALL GROWTH ETF(A) COMPARATIVE INDEX)(C) CAP GROWTH INDEX(B) --------------------- --------------------- ------------------------ 9/25/00 10000.00 10000.00 10000.00 9/30/00 9988.00 10104.00 9990.00 12/31/00 8019.00 9449.00 8016.00 3/31/01 6585.00 8594.00 6588.00 6/30/01 7893.00 9832.00 7912.00 9/30/01 5499.00 7943.00 5518.00 12/31/01 7307.00 9679.00 7338.00 3/31/02 6824.00 10102.00 6850.00 6/30/02 5396.00 9057.00 5419.00 9/30/02 4090.00 7520.00 4108.00 12/31/02 4462.00 8035.00 4484.00 3/31/03 4338.00 7706.00 4361.00 6/30/03 5341.00 9476.00 5374.00 9/30/03 5865.00 10249.00 5906.00 12/31/03 6605.00 11794.00 6658.00 3/31/04 6943.00 12501.00 7002.00 6/30/04 7006.00 12528.00 7071.00 9/30/04 6735.00 12223.00 6800.00 12/31/04 7607.00 13839.00 7688.00 3/31/05 7393.00 13325.00 7475.00 6/30/05 7646.00 13869.00 7735.00 9/30/05 8054.00 14627.00 8152.00 12/31/05 8272.00 14943.00 8378.00
22 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Small Cap Growth ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ---------------------------------------------------------------------------------------------------------------- DESCRIPTION RED HAT, INTUITIVE AMYLIN WESTERN AXIS CAPITAL INC. SURGICAL, PHARMACEUTICALS, DIGITAL HOLDINGS, INC. INC. CORP. LTD. ---------------------------------------------------------------------------------------------------------------- MARKET VALUE $377,465 342,897 335,088 333,342 319,056 ---------------------------------------------------------------------------------------------------------------- % OF NET 0.54% 0.49 0.48 0.48 0.46 ASSETS ----------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Computer Software/Services 9.9% Services (Commercial & Consumer) 6.9 Health Care (Medical Products/Supplies) 6.8 Oil & Gas (Exploration/Products) 4.5 Health Care (Special Services) 4.1 Biotechnology 4.0 Electronics (Semiconductors) 3.9 Banks (Regional) 3.3 Oil & Gas (Drilling & Equipment) 3.2 Communications Equipment 2.5 Restaurants 2.5 Retail (Specialty) 2.5 Health Care (Drugs/Pharmaceuticals) 2.1 Services (Data Processing) 1.9 Retail (Specialty Apparel) 1.8 Cellular/Wireless Telecommunications 1.4 Electronics (Instrument) 1.4 Financial (Diversified) 1.4 Environmental Control 1.1 Manufacturing (Diversified) 1.1 Real Estate Investment Trust 1.1 Natural Gas (Distribution/Pipe Line) 1.0 Aerospace/Defense 0.9 Airlines 0.9 Computers (Hardware) 0.9 Equipment (Semiconductors) 0.9 Leisure Time (Products) 0.9 Trucking 0.9 Building Materials 0.8 Computers (Peripherals) 0.8 Machinery (Diversified) 0.8 Services (Advertising/Marketing) 0.8 Shipping 0.8 Broadcasting (TV, Radio & Cable) 0.7 Distribution/Wholesale 0.7 Electrical Equipment 0.7 Footwear 0.7 Homebuilding 0.7 Reinsurance 0.7 Services (Employment) 0.7 Telephone 0.7 Textiles (Apparel) 0.7 Chemicals (Specialty) 0.6 Electronics (Component Distribution) 0.6 Gaming & Lottery 0.6 Investment Management 0.6 Oil & Gas (Refining & Marketing) 0.6 Gold/Precious Metals Mining 0.5 Household Products (Non-Durable) 0.5 Insurance (Property/Casualty) 0.5 Retail (Department Stores) 0.5
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Retail (Discounters) 0.5% Services (Computer Systems) 0.5 Trucks & Parts 0.5 Beverages (Non-Alcoholic) 0.4 Electronics (Defense) 0.4 Entertainment 0.4 Foods Products 0.4 Insurance (Multi-Line) 0.4 Office Furnishings 0.4 Publishing 0.4 Insurance (Life/Health) 0.3 Investment Banking/Brokerage 0.3 Metals Mining 0.3 Oil (Integrated) 0.3 Personal Care 0.3 Steel 0.3 Transportation 0.3 Chemicals (Diversified) 0.2 Coal 0.2 Computers (Networking) 0.2 Consumer Finance 0.2 Distributors (Food & Health) 0.2 Energy -- Alternate Sources 0.2 Hand/Machine Tools 0.2 Industrial Goods & Services 0.2 Insurance Brokers 0.2 Lodging (Hotels) 0.2 Manufacturing (Specialized) 0.2 Office Equipment & Supplies 0.2 Power Producers (Independent) 0.2 Publishing (Newspapers) 0.2 Savings & Loan Companies 0.2 Semiconductors 0.2 Telecommunications 0.2 Agriculture 0.1 Air Freight 0.1 Auto Parts & Equipment 0.1 Consumer (Jewelry/Novelties) 0.1 Containers (Metals & Glass) 0.1 Engineering & Construction 0.1 Household Furnishings & Appliances 0.1 Storage/Warehousing 0.1 Beverages (Alcoholic) 0.0** Containers/Packaging (Paper & Plastic) 0.0** Metal Fabricators 0.0** Retail 0.0** Specialty Printing 0.0** Short Term Investments 0.0** Other Assets & Liabilities 0.3 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown is less than 0.005% of net assets. 23 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Small Cap Value ETF--PERFORMANCE SUMMARY (formerly, streetTRACKS Dow Jones U.S. Small Cap Value Index Fund) The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN ------------------------------------------------------------------------------------- DOW JONES DOW JONES DOW JONES NET ASSET MARKET WILSHIRE SMALL U.S. SMALL CAP SMALL CAP INDEX VALUE VALUE CAP VALUE INDEX(2) VALUE INDEX(3) (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED 12/31/05 7.11% 6.66% 7.17% 7.74% 7.76% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 5.89% 5.52% 6.12% 6.68% 7.98% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 78.49% 78.08% 80.47% 81.42% 85.98% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 95.04% 97.03% 98.73% 99.77% 58.16% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING 121.45% 119.56% 126.12% 127.31% 47.90% (1) ------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN ------------------------------------------------------------------------------------- DOW JONES DOW JONES DOW JONES NET ASSET MARKET WILSHIRE SMALL U.S. SMALL CAP SMALL CAP INDEX VALUE VALUE CAP VALUE INDEX(2) VALUE INDEX(3) (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 5.89% 5.52% 6.12% 6.68% 7.98% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 21.30% 21.21% 21.75% 21.96% 22.98% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 14.29% 14.53% 14.72% 14.84% 9.60% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING 16.33% 16.14% 16.81% 16.93% 7.73% (1) ------------------------------------------------------------------------------------------------------------------
(1) For the period September 29, 2000 (commencement of trading on the AMEX) to December 31, 2005. (2) Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones Wilshire Small Cap Value Index. (3) The Dow Jones U.S. Small Cap Value Index ceased real-time publication on or about October 31, 2005. 24 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Small Cap Value ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE SMALL CAP VALUE ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES SMALL CAP DJ WILSHIRE SMALL CAP INDEX (BROAD-BASED DOW JONES WILSHIRE SMALL VALUE ETF(A) COMPARATIVE INDEX)(C) CAP VALUE INDEX(B) --------------------- --------------------- ------------------------ 9/25/00 10000 10000 10000 9/30/00 10195 10104 10199 12/31/00 11575 9449 11606 3/31/01 11449 8594 11506 6/30/01 12669 9832 12745 9/30/01 11504 7943 11570 12/31/01 13002 9679 13090 3/31/02 14477 10102 14590 6/30/02 14131 9057 14250 9/30/02 12166 7520 12276 12/31/02 12649 8035 12777 3/31/03 11930 7706 12064 6/30/03 14635 9477 14823 9/30/03 15393 10249 15602 12/31/03 18077 11794 18357 3/31/04 19361 12501 19677 6/30/04 19160 12528 19490 9/30/04 18983 12223 19315 12/31/04 21321 13839 21728 3/31/05 20255 13325 20662 6/30/05 21075 13869 21514 9/30/05 22303 14627 22776 12/31/05 22575 14943 23061
25 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire Small Cap Value ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ---------------------------------------------------------------------------------------------------------------------- DESCRIPTION AMR CORP. PARTNERRE, LTD. AQUA AMERICA, LOEWS CORP. VENTAS, INC. INC. (CAROLINA GROUP) ---------------------------------------------------------------------------------------------------------------------- MARKET VALUE $406,809 394,020 384,002 374,003 359,360 ---------------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 0.42% 0.41 0.40 0.39 0.37 ----------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Real Estate Investment Trust 14.5% Banks (Regional) 9.1 Electric Utilities 3.7 Natural Gas (Distribution/Pipe Line) 3.7 Services (Commercial & Consumer) 3.2 Manufacturing (Diversified) 2.9 Insurance (Property/Casualty) 2.5 Chemicals (Specialty) 2.3 Machinery (Diversified) 2.3 Reinsurance 2.0 Savings & Loan Companies 2.0 Retail (Specialty) 1.8 Steel 1.8 Computer Software/Services 1.6 Oil & Gas (Exploration/Products) 1.6 Auto Parts & Equipment 1.5 Electronics (Semiconductors) 1.5 Communications Equipment 1.4 Insurance (Life/Health) 1.4 Electronics (Component Distribution) 1.3 Foods Products 1.3 Homebuilding 1.3 Paper & Forest Products 1.3 Building Materials 1.2 Metal Fabricators 1.2 Health Care (Medical Products/Supplies) 1.1 Electronics (Instrument) 1.0 Financial (Diversified) 1.0 Trucking 1.0 Broadcasting (TV, Radio & Cable) 0.9 Electrical Equipment 0.9 Engineering & Construction 0.9 Investment Banking/Brokerage 0.9 Chemicals (Diversified) 0.8 Investment Management 0.8 Lodging (Hotels) 0.8 Manufacturing (Specialized) 0.8 Transportation 0.8 Aerospace/Defense 0.7 Distribution/Wholesale 0.7 Equipment (Semiconductors) 0.7 Restaurants 0.7 Airlines 0.6 Household Furnishings & Appliances 0.6 Insurance (Multi-Line) 0.6 Retail (Specialty Apparel) 0.6 Tobacco 0.6 Biotechnology 0.5 Coal 0.5 Gas & Pipeline Utilities 0.5 Household Products (Non-Durable) 0.5 Leisure Time (Products) 0.5
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Beverages (Non-Alcoholic) 0.4% Footwear 0.4 Health Care (Special Services) 0.4 Metals Mining 0.4 Oil & Gas (Refining & Marketing) 0.4 Publishing (Newspapers) 0.4 Railroads 0.4 Retail (Department Stores) 0.4 Services (Employment) 0.4 Textiles (Apparel) 0.4 Energy -- Alternate Sources 0.3 Entertainment 0.3 Environmental Control 0.3 Gold/Precious Metals Mining 0.3 Health Care (Drugs/Pharmaceuticals) 0.3 Oil & Gas (Drilling & Equipment) 0.3 Oil Field Services 0.3 Retail (Discounters) 0.3 Shipping 0.3 Cellular/Wireless Telecommunications 0.2 Computers (Hardware) 0.2 Computers (Networking) 0.2 Computers (Peripherals) 0.2 Consumer Finance 0.2 Containers/Packaging (Paper & Plastic) 0.2 Gaming & Lottery 0.2 Hand/Machine Tools 0.2 Insurance Brokers 0.2 Office Equipment & Supplies 0.2 Retail 0.2 Retail Stores (Drug Store) 0.2 Services (Data Processing) 0.2 Telecommunications 0.2 Telephone 0.2 Water 0.2 Agriculture 0.1 Consumer (Jewelry/Novelties) 0.1 Containers (Metals & Glass) 0.1 Distributors (Food & Health) 0.1 Office Furnishings 0.1 Personal Care 0.1 Publishing 0.1 Semiconductors 0.1 Services (Advertising/Marketing) 0.1 Services (Computer Systems) 0.1 Specialty Printing 0.1 Trucks & Parts 0.1 Short Term Investments 0.3 Other Assets & Liabilities 0.2 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. 26 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Global Titans ETF--PERFORMANCE SUMMARY (formerly, streetTRACKS Dow Jones Global Titans Fund) The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN ----------------------------------------------------------------------------------- NET ASSET MARKET DJ WILSHIRE GLOBAL TITANS DOW JONES LARGE CAP INDEX VALUE VALUE 50 INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED 12/31/05 4.22% 3.69% 4.50% 5.54% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 2.90% 3.04% 3.44% 4.62% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 37.97% 38.29% 40.32% 45.37% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 -7.92% -7.75% -5.44% -6.33% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) -15.61% -16.08% -13.18% -16.54% ------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN ----------------------------------------------------------------------------------- NET ASSET MARKET DJ WILSHIRE GLOBAL TITANS DOW JONES LARGE CAP INDEX VALUE VALUE 50 INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 2.90% 3.04% 3.44% 4.62% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 11.33% 11.41% 11.96% 13.28% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 -1.64% -1.60% -1.11% -1.30% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) -3.18% -3.28% -2.66% -3.38% ------------------------------------------------------------------------------------------------------------------
(1) For the period September 29, 2000 (commencement of trading on the AMEX) to December 31, 2005. 27 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Global Titans ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ GLOBAL TITANS ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES LARGE CAP INDEX (BROAD-BASED DOW JONES GLOBAL TITANS DJ GLOBAL TITANS ETF(A) COMPARATIVE INDEX)(C) 50 INDEX(B) ----------------------- --------------------- ----------------------- 9/25/00 10000 10000 10000 9/30/00 9982 9969 9998 12/31/00 9147 8882 9180 3/31/01 8107 7629 8142 6/30/01 8446 8039 8453 9/30/01 7378 6847 7422 12/31/01 7967 7508 8026 3/31/02 7788 7447 7857 6/30/02 6765 6353 6833 9/30/02 5547 5290 5611 12/31/02 6106 5723 6186 3/31/03 5822 5542 5906 6/30/03 6682 6376 6789 9/30/03 6812 6499 6932 12/31/03 7628 7263 7777 3/31/04 7603 7341 7763 6/30/04 7716 7466 7889 9/30/04 7590 7309 7767 12/31/04 8186 7953 8392 3/31/05 8083 7780 8303 6/30/05 8082 7884 8316 9/30/05 8405 8146 8618 12/31/05 8423 8320 8651
28 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Global Titans ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ----------------------------------------------------------------------------------------------------------- DESCRIPTION GENERAL EXXON MOBIL CITIGROUP, MICROSOFT BP PLC (ADR) ELECTRIC CO. CORP. INC. CORP. ----------------------------------------------------------------------------------------------------------- MARKET VALUE $5,306,149 5,101,303 3,605,973 3,539,847 3,302,770 ----------------------------------------------------------------------------------------------------------- % OF NET ASSETS 5.84% 5.61 3.97 3.90 3.64 -----------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Oil (Integrated) 17.8% Health Care (Drugs/Pharmaceuticals) 13.0 Banks 9.9 Financial (Diversified) 6.2 Manufacturing (Diversified) 5.8 Telephone 4.6 Computer Software/Services 3.9 Electronics (Semiconductors) 3.8 Computers (Hardware) 3.1 Household Products (Non-Durable) 3.1 Beverages (Non-Alcoholic) 2.9 Health Care (Medical Products/Supplies) 2.8 Automobiles & Parts 2.5 Investment Management 2.4
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Insurance (Multi-Line) 2.4% Tobacco 2.4 Cellular/Wireless Telecommunications 2.1 Entertainment 2.0 Foods Products 1.9 Retail (General Merchandising Chain) 1.9 Computers (Networking) 1.8 Communications Equipment 1.3 Electrical Equipment 1.1 Insurance (Life/Health) 1.1 Short-Term Investments 0.0** Other Assets & Liabilities 0.2 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown represents less than 0.005% of net assets. 29 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire REIT ETF--PERFORMANCE SUMMARY (formerly, streetTRACKS Wilshire REIT Index Fund) The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN --------------------------------------------------------------------------------- NET ASSET DOW JONES WILSHIRE DOW JONES SMALL CAP INDEX VALUE MARKET VALUE REIT INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED 12/31/05 6.54% 6.44% 6.57% 7.76% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 13.63% 13.64% 13.82% 7.98% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 104.25% 103.69% 106.39% 85.98% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 133.86% 133.86% 144.06% 60.20% ------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN --------------------------------------------------------------------------------- NET ASSET DOW JONES WILSHIRE DOW JONES SMALL CAP INDEX VALUE MARKET VALUE REIT INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 13.63% 13.64% 13.82% 7.98% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 26.88% 26.76% 27.32% 22.98% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 19.91% 19.91% 20.66% 10.59% ------------------------------------------------------------------------------------------------------------------
(1) For the period April 27, 2001 (commencement of trading on the AMEX) to December 31, 2005. 30 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire REIT ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT DJ WILSHIRE REIT ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES SMALL CAP INDEX (BROAD-BASED DOW JONES WILSHIRE REIT DJ WILSHIRE REIT ETF(A) COMPARATIVE INDEX)(C) INDEX(B) ----------------------- --------------------- ----------------------- 4/23/01 10000 10000 10000 6/30/01 11122 11049 11089 9/30/01 10849 8927 10823 12/31/01 11364 10877 11354 3/31/02 12301 11354 12304 6/30/02 12848 10179 12869 9/30/02 11684 8452 11700 12/31/02 11733 9030 11760 3/31/03 11874 8661 11909 6/30/03 13287 10651 13349 9/30/03 14580 11519 14675 12/31/03 15895 13255 16015 3/31/04 17798 14051 17950 6/30/04 16835 14080 16976 9/30/04 18213 13736 18382 12/31/04 21094 15554 21323 3/31/05 19567 14975 19787 6/30/05 22497 15586 22776 9/30/05 23379 16438 23674 12/31/05 23968 16795 24272
31 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS DJ Wilshire REIT ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005. -------------------------------------------------------------------------------------------------------------------- DESCRIPTION SIMON PROPERTY EQUITY OFFICE PROLOGIS EQUITY VORNADO REALTY GROUP, INC. PROPERTIES TRUST RESIDENTIAL TRUST -------------------------------------------------------------------------------------------------------------------- MARKET VALUE $54,915,970 39,981,946 36,417,043 35,577,418 36,725,190 -------------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 6.80% 4.95 4.55 4.51 4.41 --------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Real Estate Investment Trust 99.4% Short Term Investments 0.2 Other Assets & Liabilities 0.4 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. 32 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS KBW Bank ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
-------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN -------------------------------------------------------------------------------- NET ASSET MARKET S & P 500 INDEX VALUE VALUE KBW BANK INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 1.78% 1.90% 1.50% 1.82% ------------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT KBW BANK ETF (Based on Net Asset Value) [LINE GRAPH]
S&P 500 INDEX (BROAD- BASED COMPARATIVE KBW BANK ETF(A) INDEX)(C) KBW BANK INDEX(B) --------------- --------------------- ----------------- 11/08/05 10000 10000 10000 12/31/05 10380 10273 10388
33 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS KBW Bank ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 -------------------------------------------------------------------------------------------------------------- DESCRIPTION CITIGROUP, JPMORGAN BANK OF WELLS WASHINGTON INC. CHASE & CO. AMERICA CORP. FARGO & CO. MUTUAL, INC. -------------------------------------------------------------------------------------------------------------- MARKET VALUE $5,103,852 4,818,525 4,803,569 4,455,527 2,221,284 -------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 10.34% 9.77 9.74 9.03 4.50 --------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Banks (Major Regional) 44.3% Financial (Diversified) 31.9 Banks (Regional) 12.6 Savings & Loan Companies 7.7 Consumer Finance 3.2
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Short Term Investments 0.2% Other Assets & Liabilities 0.1 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. 34 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS KBW Capital Markets ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
-------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN -------------------------------------------------------------------------------- NET ASSET MARKET S & P 500 INDEX VALUE VALUE KBW CAPITAL MARKETS INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 1.36% 1.56% 1.31% 1.82% ------------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT KBW CAPITAL MARKETS ETF (Based on Net Asset Value) [LINE GRAPH]
S&P 500 INDEX (BROAD- KBW CAPITAL MARKETS BASED COMPARATIVE KBW CAPITAL MARKETS ETF(A) INDEX)(C) INDEX(B) ------------------- --------------------- ------------------- 11/08/05 10000 10000 10000 12/31/05 10293 10273 10298
35 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS KBW Capital Markets ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ------------------------------------------------------------------------------------------------------------------------- DESCRIPTION GOLDMAN SACHS MERRILL LYNCH & MORGAN THE BANK OF NEW LEHMAN BROTHERS GROUP, INC. CO., INC. STANLEY YORK CO., INC. HOLDINGS, INC. ------------------------------------------------------------------------------------------------------------------------- MARKET VALUE $5,933,918 5,754,950 3,417,632 3,328,703 5,218,094 ------------------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 9.88% 9.58 8.69 5.69 5.54 -------------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Investment Banking/Brokerage 54.1% Financial (Diversified) 27.9 Investment Management 16.4 Banks (Regional) 1.6
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Short Term Investments 0.0%** Other Assets & Liabilities 0.0** ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown is less than 0.005% of net assets. 36 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS KBW Insurance ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
-------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN -------------------------------------------------------------------------------- NET ASSET MARKET S & P 500 INDEX VALUE VALUE KBW INSURANCE INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) -0.26% 0.20% -0.51% 1.82% ------------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT KBW INSURANCE ETF (Based on Net Asset Value) [LINE GRAPH]
S&P 500 INDEX (BROAD- BASED COMPARATIVE KBW INSURANCE ETF(A) INDEX)(C) KBW INSURANCE INDEX(B) -------------------- --------------------- ---------------------- 11/08/05 10000 10000 10000 12/31/05 10093 10273 10099
37 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS KBW Insurance ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ------------------------------------------------------------------------------------------------------------- DESCRIPTION AMERICAN THE PRUDENTIAL METLIFE, THE HARTFORD INTERNATIONAL ALLSTATE FINANCIAL, INC. FINANCIAL SERVICES GROUP, INC. CORP. INC. GROUP, INC. ------------------------------------------------------------------------------------------------------------- MARKET VALUE $5,605,845 4,161,437 3,439,637 4,233,140 4,075,673 ------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 9.88% 9.58 8.69 5.69 5.54 -------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Insurance (Multi-Line) 40.8% Insurance (Life/Health) 21.8 Insurance (Property/Casualty) 19.4 Insurance Brokers 8.7 Insurance (Financial Guarantee) 5.6
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Reinsurance 3.5% Short Term Investments 0.1 Other Assets & Liabilities 0.1 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. 38 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS Morgan Stanley Technology ETF--PERFORMANCE SUMMARY (formerly, streetTRACKS Morgan Stanley Technology Index Fund) The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
-------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN -------------------------------------------------------------------------------- NET ASSET MARKET MORGAN STANLEY DOW JONES LARGE CAP INDEX VALUE VALUE TECHNOLOGY INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTH ENDED 12/31/05 10.57% 10.36% 10.83% 5.54% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 2.85% 2.76% 3.37% 4.62% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 80.89% 81.55% 83.68% 45.37% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 -22.58% -22.65% -20.53% -6.33% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING(1) -45.26% -45.32% -44.15% -16.54% ------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN -------------------------------------------------------------------------------- NET ASSET MARKET MORGAN STANLEY DOW JONES LARGE CAP INDEX VALUE VALUE TECHNOLOGY INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 2.85% 2.76% 3.37% 4.62% ------------------------------------------------------------------------------------------------------------------ THREE YEARS ENDED 12/31/05 21.84% 21.99% 22.47% 13.28% ------------------------------------------------------------------------------------------------------------------ FIVE YEARS ENDED 12/31/05 -4.99% -5.01% -4.49% -1.30% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING(1) -10.84% -10.85% -10.50% -3.38% ------------------------------------------------------------------------------------------------------------------
(1) For the period September 29, 2000 (commencement of trading on the AMEX) to December 31, 2005. 39 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS Morgan Stanley Technology ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT MORGAN STANLEY TECHNOLOGY ETF (Based on Net Asset Value) [LINE GRAPH]
DOW JONES LARGE CAP MORGAN STANLEY INDEX (BROAD-BASED MORGAN STANLEY TECHNOLOGY ETF(A) COMPARATIVE INDEX)(C) TECHNOLOGY INDEX(B) ----------------- --------------------- ------------------- 9/25/00 10000 10000 10000 9/30/00 9725 9969 9725 12/31/00 6876 8882 6834 3/31/01 5391 7629 5365 6/30/01 5948 8039 5933 9/30/01 3839 6847 3830 12/31/01 5203 7508 5199 3/31/02 4663 7447 4666 6/30/02 3404 6353 3410 9/30/02 2444 5290 2451 12/31/02 2943 5723 2958 3/31/03 2941 5542 2959 6/30/03 3749 6376 3778 9/30/03 4206 6499 4243 12/31/03 4857 7263 4908 3/31/04 4969 7341 5027 6/30/04 5028 7466 5093 9/30/04 4545 7309 4608 12/31/04 5176 7953 5254 3/31/05 4641 7780 4717 6/30/05 4814 7884 4901 9/30/05 5163 8146 5263 12/31/05 5323 8320 5432
40 [streetTRACKS (R) semi-annual report LOGO] streetTRACKS Morgan Stanley Technology ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ------------------------------------------------------------------------------------------------------------------------- DESCRIPTION JABIL CIRCUIT, SYMANTEC CORP. JUNIPER INFOSYS ACCENTURE, INC. NETWORKS, INC. TECHNOLOGIES, LTD. (CLASS A) LTD. ------------------------------------------------------------------------------------------------------------------------- MARKET VALUE $4,973,769 4,824,750 4,809,441 4,770,740 4,760,086 ------------------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 3.10% 3.00 2.99 2.96 2.96 -------------------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Computer Software/Services 28.5% Electronics (Semiconductors) 14.1 Communications Equipment 11.4 Computers (Hardware) 11.4 Computers (Networking) 5.8 Services (Commercial & Consumer) 5.8 Services (Data Processing) 5.7 Computers (Peripherals) 5.6
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Electronics (Component Distribution) 3.1% Cellular/Wireless Telecommunications 3.0 Equipment (Semiconductors) 2.8 Retail (Specialty) 2.8 Short Term Investments 0.0** Other Assets & Liabilities 0.0** ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown is less than 0.005% of net assets. 41 [streetTRACKS (R) semi-annual report LOGO] SPDR(R) Dividend ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
-------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN -------------------------------------------------------------------------------- NET ASSET MARKET S & P HIGH YIELD DIVIDEND S & P 500 INDEX VALUE VALUE ARISTOCRATS INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 0.93% 1.11% 0.93% 1.82% ------------------------------------------------------------------------------------------------------------------
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to December 31, 2005. COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT SPDR DIVIDEND ETF (Based on Net Asset Value) [LINE GRAPH]
S&P 500 INDEX (BROAD- BASED COMPARATIVE S&P HIGH YIELD DIVIDEND SPDR DIVIDEND ETF(A) INDEX)(C) ARISTOCRATS INDEX(B) -------------------- --------------------- ----------------------- 11/08/05 10000 10000 10000 12/31/05 10170 10273 10170
42 [streetTRACKS (R) semi-annual report LOGO] SPDR(R) Dividend ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ---------------------------------------------------------------------------------------------------------------- DESCRIPTION MERCK & CONAGRA FIRST HORIZON ALTRIA GROUP, CO., INC. CONSOLIDATED FOODS, INC. NATIONAL INC. EDISON, CORP. INC. ---------------------------------------------------------------------------------------------------------------- MARKET VALUE $1,087,234 1,033,437 1,013,980 922,906 913,826 ---------------------------------------------------------------------------------------------------------------- % OF NET ASSETS 3.35% 3.18 3.12 2.84 2.82 ----------------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Banks (Regional) 15.8% Natural Gas (Distribution/Pipe Line) 12.5 Banks (Major Regional) 9.9 Health Care (Drugs/Pharmaceuticals) 9.6 Electric Utilities 7.9 Foods Products 4.7 Household Products (Non-Durable) 4.5 Chemicals (Diversified) 3.6 Household Furnishings & Appliances 3.5 Manufacturing (Diversified) 3.0 Tobacco 2.8 Services (Commercial & Consumer) 2.7 Chemicals (Specialty) 2.0 Insurance (Life/Health) 1.9 Beverages (Non-Alcoholic) 1.6
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Beverages (Alcoholic) 1.5% Hand/Machine Tools 1.5 Health Care (Medical Equipment/ Supplies) 1.5 Electrical Equipment 1.4 Telephone 1.4 Computer Software/Services 1.3 Health Care (Medical Products/Supplies) 1.3 Distributors (Food & Health) 1.2 Restaurants 1.2 Textiles (Apparel) 1.2 Short Term Investments 0.2 Other Assets & Liabilities 0.3 ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. 43 [streetTRACKS (R) semi-annual report LOGO] SPDR(R) O-Strip ETF--PERFORMANCE SUMMARY The following Performance chart of the Fund's total return at net asset value to the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund's per share net asset value ("NAV") is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the closing price (last trade) on the exchange on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commission that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund's performance is negatively impacted by these deductions. PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON THE REDEMPTION OF FUND SHARES. PERFORMANCE AS OF DECEMBER 31, 2005
--------------------------------------------------------------------------------------------------------------------- CUMULATIVE TOTAL RETURN ----------------------------------------------------------------------------------- NET ASSET S&P 500 INDEX VALUE MARKET VALUE S&P 500 O-STRIP INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ SIX MONTHS ENDED 12/31/05 5.38% 4.56% 5.58% 5.77% ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 -1.85% -2.15% -1.50% 4.91% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 11.02% 11.04% 11.58% 14.07% ------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------- AVERAGE ANNUAL TOTAL RETURN ----------------------------------------------------------------------------------- NET ASSET S&P 500 INDEX VALUE MARKET VALUE S&P 500 O-STRIP INDEX (BROAD-BASED COMPARATIVE INDEX) ------------------------------------------------------------------------------------------------------------------ ONE YEAR ENDED 12/31/05 -1.85% -2.15% -1.50% 4.91% ------------------------------------------------------------------------------------------------------------------ SINCE INCEPTION OF TRADING (1) 8.42% 8.44% 8.56% 10.71% ------------------------------------------------------------------------------------------------------------------
(1) For the period September 15, 2004 (commencement of trading on the AMEX) to December 31, 2005. 44 [streetTRACKS (R) semi-annual report LOGO] SPDR(R) O-Strip ETF--PERFORMANCE SUMMARY (continued) COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT SPDR O-STRIP ETF (Based on Net Asset Value) [LINE GRAPH]
S&P 500 INDEX (BROAD- BASED COMPARATIVE SPDR O-STRIP ETF(A) INDEX)(C) S&P 500 O-STRIP INDEX(B) ------------------- --------------------- ------------------------ 9/9/04 10000 10000 10000 9/30/04 10080 9975 10080 12/31/04 11459 10895 11477 3/31/05 10450 10661 10473 6/30/05 10673 10806 10707 9/30/05 11127 11196 11171 12/31/05 11247 11431 11304
45 [streetTRACKS (R) semi-annual report LOGO] SPDR()(R) O-Strip ETF--PORTFOLIO SUMMARY TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005 ------------------------------------------------------------------------------------------------------ DESCRIPTION MICROSOFT INTEL CORP. CISCO SYSTEMS, AMGEN, QUALCOMM, CORP. INC. INC. INC. ------------------------------------------------------------------------------------------------------ MARKET VALUE $5,858,411 3,682,773 2,572,400 1,731,902 2,378,654 ------------------------------------------------------------------------------------------------------ % OF NET ASSETS 14.89% 9.36 6.54 6.05 4.40 ------------------------------------------------------------------------------------------------------
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Computer Software/Services 30.0% Electronics (Semiconductors) 13.3 Biotechnology 10.5 Computers (Hardware) 9.0 Computers (Networking) 6.5 Communications Equipment 5.7 Broadcasting (TV, Radio & Cable) 3.5 Equipment (Semiconductors) 2.6 Retail (Specialty) 2.6 Banks (Regional) 2.2 Services (Commercial & Consumer) 1.7 Retail (Discounters) 1.5 Restaurants 1.4 Investment Banking/Brokerage 1.0 Health Care (Managed Care) 0.8 Retail 0.7 Retail (General Merchandising Chain) 0.7 Trucks & Parts 0.7
---------------------------------------------------------- PERCENT OF INDUSTRY NET ASSETS ---------------------------------------------------------- Computers (Peripherals) 0.6% Financial (Diversified) 0.6 Health Care (Medical Products/Supplies) 0.6 Investment Management 0.6 Insurance (Multi-Line) 0.5 Services (Data Processing) 0.5 Insurance (Property/Casualty) 0.4 Banks (Major Regional) 0.3 Chemicals (Specialty) 0.3 Distributors (Food & Health) 0.3 Services (Employment) 0.3 Electrical Equipment 0.2 Electronics (Instrument) 0.2 Electronics (Component Distribution) 0.1 Short Term Investments 0.1 Other Assets & Liabilities 0.0** ---------------------------------------------------------- TOTAL 100.0% ----------------------------------------------------------
* The Fund's industry breakdown is expressed as a percentage of net assets and may change over time. ** Amount shown represents less than 0.005% of net assets. 46 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.6% AEROSPACE/DEFENSE -- 1.5% Boeing Co. ........................... 5,421 $ 380,771 General Dynamics Corp. ............... 1,200 136,860 Goodrich Corp. ....................... 1,495 61,445 Kaman Corp. (Class A)................. 2,547 50,150 L-3 Communications Holdings, Inc. .... 1,093 81,265 Lockheed Martin Corp. ................ 2,471 157,230 Northrop Grumman Corp. ............... 2,321 139,515 Raytheon Co. ......................... 3,605 144,741 Rockwell Collins, Inc. ............... 1,735 80,625 United Technologies Corp. ............ 6,490 362,856 ------------ 1,595,458 ------------ AGRICULTURE -- 0.0% (B) Delta and Pine Land Co. .............. 1,792 41,234 ------------ AIRLINES -- 0.2% AMR Corp. (a)......................... 2,358 52,418 JetBlue Airways Corp. (a)............. 2,654 40,811 Southwest Airlines Co. ............... 6,311 103,690 ------------ 196,919 ------------ AUTO PARTS & EQUIPMENT -- 0.2% Dana Corp. ........................... 3,296 23,665 Gentex Corp. ......................... 2,813 54,853 Lear Corp. ........................... 1,125 32,018 Modine Manufacturing Co. ............. 1,661 54,132 The Goodyear Tire & Rubber Co. (a).... 2,695 46,839 ------------ 211,507 ------------ AUTOMOBILES & PARTS -- 0.3% Ford Motor Co. ....................... 14,758 113,932 General Motors Corp. ................. 3,980 77,292 Harley-Davidson, Inc. ................ 2,517 129,600 ------------ 320,824 ------------ BANKS (MAJOR REGIONAL) -- 3.4% Bank of America Corp. ................ 27,540 1,270,971 Comerica, Inc. ....................... 500 28,380 First Bancorp......................... 2,385 48,082 Keycorp............................... 2,841 93,554 National City Corp. .................. 3,700 124,209 PNC Financial Services Group.......... 1,781 110,119 SunTrust Banks, Inc. ................. 2,188 159,199 U.S. Bancorp.......................... 12,767 381,606 Wachovia Corp. ....................... 10,694 565,285 Wells Fargo & Co. .................... 11,144 700,177 ------------ 3,481,582 ------------ BANKS (REGIONAL) -- 2.4% AmSouth Bancorp....................... 600 15,726 Arrow Financial Corp. ................ 2,031 53,111 Bank of Granite Corp. ................ 3,359 62,242 BB&T Corp. ........................... 3,779 158,378 Capitol Bancorp, Ltd. ................ 1,631 61,065 Cathay General Bancorp................ 300 10,782 Columbia Banking System, Inc. ........ 2,190 62,525 Commerce Bancorp, Inc. ............... 1,828 62,902 Commercial Bankshares, Inc. .......... 1,404 49,660 Community Banks, Inc. ................ 2,655 74,340 Compass Bancshares, Inc. ............. 500 24,145
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- CVB Financial Corp. .................. 3,253 $ 66,068 Farmers Capital Bank Corp. ........... 1,803 55,424 Fifth Third Bancorp................... 3,435 129,568 First Commonwealth Financial Corp. ... 5,209 67,352 First Merchants Corp. ................ 2,462 64,012 FNB Corp. ............................ 2,199 67,443 Foothill Independent Bancorp.......... 2,027 50,918 Independent Bank Corp. ............... 1,702 48,558 Integra Bank Corp. ................... 2,806 59,880 International Bancshares Corp. ....... 400 11,744 Lakeland Financial Corp. ............. 1,490 60,166 M&T Bank Corp. ....................... 600 65,430 Marshall & Ilsley Corp. .............. 800 34,432 National Penn Bancshares, Inc. ....... 3,157 60,141 NewAlliance Bancshares, Inc. ......... 4,604 66,942 North Fork Bancorp, Inc. ............. 3,198 87,497 Old National Bancorp.................. 500 10,820 Omega Financial Corp. ................ 2,032 56,632 Regions Financial Corp. .............. 3,456 118,057 Renasant Corp. ....................... 1,911 60,445 Republic Bancorp, Inc. ............... 4,967 59,112 Sandy Spring Bancorp, Inc. ........... 1,722 60,063 Simmons First National Corp. ......... 2,334 64,652 Sterling Financial Corp. ............. 2,899 57,400 TD Banknorth, Inc. ................... 1,823 52,958 TrustCo Bank Corp. NY................. 5,064 62,895 Trustmark Corp. ...................... 400 10,988 UCBH Holdings, Inc. .................. 2,788 49,850 Umpqua Holdings Corp. ................ 2,873 81,967 United Bankshares, Inc. .............. 300 10,572 United Community Banks, Inc. ......... 2,321 61,878 Zions Bancorp......................... 156 11,787 ------------ 2,460,527 ------------ BEVERAGES (ALCOHOLIC) -- 0.3% Anheuser-Busch Cos., Inc. ............ 5,022 215,745 Constellation Brands, Inc. (Class A) (a)................................. 2,149 56,368 ------------ 272,113 ------------ BEVERAGES (NON-ALCOHOLIC) -- 1.4% Coca-Cola Enterprises, Inc. .......... 3,012 57,740 PepsiCo, Inc. ........................ 11,630 687,100 The Coca-Cola Co. .................... 15,434 622,145 The Pepsi Bottling Group, Inc. ....... 2,076 59,394 ------------ 1,426,379 ------------ BIOTECHNOLOGY -- 2.1% Affymetrix, Inc. (a).................. 865 41,304 Amgen, Inc. (a)....................... 9,280 731,821 Applera Corp. -- Applied Biosystems Group............................... 3,066 81,433 Biogen Idec, Inc. (a)................. 2,985 135,310 Celgene Corp. (a)..................... 1,677 108,670 Chiron Corp. (a)...................... 733 32,589 Genentech, Inc. (a)................... 3,522 325,785 Genzyme Corp. (a)..................... 1,844 130,518 Gilead Sciences, Inc. (a)............. 3,650 192,099 Human Genome Sciences, Inc. (a)....... 3,248 27,803 ImClone Systems, Inc. (a)............. 1,055 36,123 Invitrogen Corp. (a).................. 704 46,914
See accompanying notes to financial statements. 47 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- MedImmune, Inc. (a)................... 2,914 $ 102,048 Millennium Pharmaceuticals, Inc. (a)................................. 4,928 47,802 Millipore Corp. (a)................... 876 57,851 Nektar Therapeutics (a)............... 600 9,876 Neurocrine Biosciences, Inc. (a)...... 1,031 64,675 Techne Corp. (a)...................... 966 54,241 ------------ 2,226,862 ------------ BROADCASTING (TV, RADIO & CABLE) -- 1.6% Cablevision Systems New York Group (Class A) (a)....................... 2,220 52,103 Clear Channel Communications, Inc. ... 4,266 134,166 Comcast Corp. (Class A) (a)........... 16,180 420,033 Discovery Holding Co. (Class A) (a)... 2,217 33,587 EchoStar Communications Corp. (Class A) (a).............................. 2,499 67,898 Journal Communications, Inc. ......... 2,907 40,553 Liberty Global, Inc. (Class A) (a).... 2,982 67,095 Liberty Global, Inc. (Ser. C) (a)..... 2,982 63,218 Liberty Media Corp. (a)............... 20,376 160,359 News Corp. (Class A).................. 17,614 273,898 Radio One, Inc. (Class A) (a)......... 2,755 28,294 Sirius Satellite Radio, Inc. (a)...... 11,148 74,692 The DIRECTV Group, Inc. (a)........... 8,041 113,539 Univision Communications, Inc. (a).... 2,683 78,853 XM Satellite Radio Holdings, Inc. (Class A) (a)....................... 2,117 57,752 ------------ 1,666,040 ------------ BUILDING MATERIALS -- 0.3% American Standard Cos., Inc. ......... 1,701 67,955 Martin Marietta Materials, Inc. ...... 283 21,712 Masco Corp. .......................... 3,148 95,038 Simpson Manufacturing Co., Inc. ...... 300 10,905 Vulcan Materials Co. ................. 1,061 71,883 ------------ 267,493 ------------ CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.6% American Tower Corp. (a).............. 2,862 77,560 Crown Castle International Corp. (a)................................. 2,919 78,550 Leap Wireless International, Inc. (a)................................. 300 11,364 Motorola, Inc. ....................... 17,959 405,694 NII Holdings, Inc. (a)................ 1,414 61,764 SBA Communications Corp. (a).......... 600 10,740 ------------ 645,672 ------------ CHEMICALS (DIVERSIFIED) -- 1.2% Air Products & Chemicals, Inc. ....... 1,815 107,430 E. I. du Pont de Nemours & Co. ....... 7,085 301,113 Lyondell Chemical Co. ................ 2,366 56,358 Monsanto Co. ......................... 2,176 168,705 PPG Industries, Inc. ................. 1,529 88,529 Praxair, Inc. ........................ 2,767 146,540 Rohm & Haas Co. ...................... 1,563 75,681 The Dow Chemical Co. ................. 7,076 310,070 ------------ 1,254,426 ------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- CHEMICALS (SPECIALTY) -- 0.3% Ashland, Inc. ........................ 846 $ 48,983 Bunge, Ltd. .......................... 1,204 68,159 Chemtura Corp. ....................... 2,533 32,169 Eastman Chemical Co. ................. 1,056 54,479 Ecolab, Inc. ......................... 2,160 78,343 Engelhard Corp. ...................... 1,852 55,838 ------------ 337,971 ------------ COAL -- 0.2% Arch Coal, Inc. ...................... 801 63,680 CONSOL Energy, Inc. .................. 1,072 69,873 Massey Energy Co. .................... 1,147 43,437 Peabody Energy Corp. ................. 851 70,139 ------------ 247,129 ------------ COMMUNICATIONS EQUIPMENT -- 1.3% ADC Telecommunications, Inc. (a)...... 1,768 39,497 Andrew Corp. (a)...................... 2,895 31,063 Avaya, Inc. (a)....................... 4,837 51,611 Avid Technology, Inc. (a)............. 669 36,635 Comverse Technology, Inc. (a)......... 2,161 57,461 Corning, Inc. (a)..................... 11,027 216,791 Harris Corp. ......................... 1,725 74,192 JDS Uniphase Corp. (a)................ 20,236 47,757 Lucent Technologies, Inc. (a)......... 36,803 97,896 Plantronics, Inc. .................... 400 11,320 QUALCOMM, Inc. ....................... 12,041 518,726 Scientific-Atlanta, Inc. ............. 1,656 71,324 Tellabs, Inc. (a)..................... 5,618 61,236 ------------ 1,315,509 ------------ COMPUTER SOFTWARE/SERVICES -- 5.1% Activision, Inc. (a).................. 3,293 45,246 Adobe Systems, Inc. .................. 5,476 202,393 Affiliated Computer Services, Inc. (a)................................. 1,187 70,247 Autodesk, Inc. ....................... 2,139 91,870 BEA Systems, Inc. (a)................. 5,666 53,260 BMC Software, Inc. (a)................ 2,770 56,757 Cadence Design Systems, Inc. (a)...... 3,808 64,431 Ceridian Corp. (a).................... 2,421 60,162 Citrix Systems, Inc. (a).............. 2,384 68,612 Computer Associates International, Inc. ............................... 4,081 115,043 Compuware Corp. (a)................... 6,094 54,663 EarthLink, Inc. (a)................... 3,937 43,740 eBay, Inc. (a)........................ 7,488 323,856 Electronic Arts, Inc. (a)............. 2,386 124,812 Emdeon Corp. (a)...................... 4,444 37,596 Expedia, Inc. (a)..................... 2,231 53,455 Google, Inc. (a)...................... 1,273 528,117 IAC/InterActiveCorp (a)............... 2,231 63,160 Intuit, Inc. (a)...................... 1,793 95,567 McAfee, Inc. (a)...................... 1,834 49,756 Mercury Interactive Corp. (a)......... 1,163 32,320 Microsoft Corp. ...................... 69,599 1,820,014 Novell, Inc. (a)...................... 5,623 49,651 Oracle Corp. (a)...................... 29,931 365,458 Parametric Technology Corp. (a)....... 6,427 39,205 Red Hat, Inc. (a)..................... 2,764 75,291 Siebel Systems, Inc. ................. 5,491 58,095
See accompanying notes to financial statements. 48 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Symantec Corp. (a).................... 10,174 $ 178,045 Synopsys, Inc. (a).................... 2,719 54,543 Unisys Corp. (a)...................... 5,393 31,441 Yahoo!, Inc. (a)...................... 8,747 342,707 ------------ 5,249,513 ------------ COMPUTERS (HARDWARE) -- 2.6% Apple Computer, Inc. (a).............. 6,221 447,228 Dell, Inc. (a)........................ 15,978 479,180 Hewlett-Packard Co. .................. 21,532 616,461 International Business Machines Corp. .............................. 11,962 983,276 Jack Henry & Associates, Inc. ........ 600 11,448 Kronos, Inc. (a)...................... 200 8,372 NCR Corp. (a)......................... 1,872 63,536 Palm, Inc. (a)........................ 300 9,540 Sun Microsystems, Inc. (a)............ 29,539 123,769 ------------ 2,742,810 ------------ COMPUTERS (NETWORKING) -- 0.9% 3Com Corp. (a)........................ 9,556 34,402 Cisco Systems, Inc. (a)............... 48,086 823,232 Foundry Networks, Inc. (a)............ 900 12,429 Juniper Networks, Inc. (a)............ 4,181 93,236 ------------ 963,299 ------------ COMPUTERS (PERIPHERALS) -- 0.6% EMC Corp. (a)......................... 18,657 254,108 Lexmark International, Inc. (a)....... 847 37,971 Network Appliance, Inc. (a)........... 3,273 88,371 SanDisk Corp. (a)..................... 1,936 121,620 Seagate Technology (a)................ 2,299 45,957 Western Digital Corp. (a)............. 2,616 48,684 ------------ 596,711 ------------ CONSUMER FINANCE -- 1.1% American Express Co. ................. 7,690 395,728 AmeriCredit Corp. (a)................. 1,882 48,236 Capital One Financial Corp. .......... 2,491 215,222 CompuCredit Corp. (a)................. 300 11,544 MBNA Corp. ........................... 8,929 242,422 SLM Corp. ............................ 3,304 182,017 Westcorp.............................. 200 13,322 ------------ 1,108,491 ------------ CONTAINERS (METALS & GLASS) -- 0.1% Crown Holdings, Inc. (a).............. 2,458 48,005 Owens-Illinois, Inc. (a).............. 1,932 40,649 ------------ 88,654 ------------ CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.1% Pactiv Corp. (a)...................... 2,367 52,074 Sealed Air Corp. (a).................. 1,168 65,607 ------------ 117,681 ------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- DISTRIBUTORS (FOOD & HEALTH) -- 0.7% AmerisourceBergen Corp. .............. 2,188 $ 90,583 Cardinal Health, Inc. ................ 3,428 235,675 McKesson Corp. ....................... 2,482 128,046 Patterson Cos., Inc. (a).............. 1,301 43,453 Performance Food Group Co. (a)........ 1,244 35,292 SUPERVALU, Inc. ...................... 1,655 53,755 Sysco Corp. .......................... 5,054 156,927 ------------ 743,731 ------------ ELECTRIC UTILITIES -- 2.8% Allegheny Energy, Inc. (a)............ 1,964 62,161 Ameren Corp. ......................... 1,599 81,933 American Electric Power Co., Inc. .... 3,205 118,873 Central Vermont Public Service Corp. .............................. 2,719 48,969 Cinergy Corp. ........................ 800 33,968 CMS Energy Corp. (a).................. 3,152 45,736 Consolidated Edison, Inc. ............ 600 27,798 Constellation Energy Group, Inc. ..... 1,609 92,678 Dominion Resources, Inc. ............. 2,376 183,427 DTE Energy Co. ....................... 800 34,552 Duke Energy Corp. .................... 6,229 170,986 Edison International.................. 2,691 117,355 Energy East Corp. .................... 2,584 58,915 Entergy Corp. ........................ 1,455 99,886 Exelon Corp. ......................... 4,941 262,565 FirstEnergy Corp. .................... 2,501 122,524 FPL Group, Inc. ...................... 2,583 107,349 Green Mountain Power Corp. ........... 1,913 55,037 MGE Energy, Inc. ..................... 1,778 60,292 Northeast Utilities................... 741 14,590 Pepco Holdings, Inc. ................. 3,341 74,738 PG&E Corp. ........................... 3,444 127,841 PNM Resources, Inc. .................. 400 9,796 PPL Corp. ............................ 3,516 103,370 Progress Energy, Inc. ................ 600 26,352 Public Service Enterprise Group, Inc. ............................... 1,730 112,398 TECO Energy, Inc. .................... 3,653 62,759 The AES Corp. (a)..................... 5,811 91,988 The Southern Co. ..................... 4,819 166,400 TXU Corp. ............................ 3,203 160,759 Unitil Corp. ......................... 2,184 54,818 Xcel Energy, Inc. .................... 4,819 88,959 ------------ 2,879,772 ------------ ELECTRICAL EQUIPMENT -- 0.5% American Power Conversion Corp. ...... 2,356 51,832 Avocent Corp. (a)..................... 400 10,876 Cooper Industries, Ltd. .............. 1,032 75,336 Emerson Electric Co. ................. 3,025 225,968 Hubbell, Inc. (Class B)............... 1,120 50,534 Lincoln Electric Holdings, Inc. ...... 300 11,898 Rockwell Automation, Inc. ............ 1,537 90,929 ------------ 517,373 ------------
See accompanying notes to financial statements. 49 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.3% Arrow Electronics, Inc. (a)........... 1,825 $ 58,455 CDW Corp. ............................ 897 51,640 Jabil Circuit, Inc. (a)............... 1,867 69,247 Sanmina-SCI Corp. (a)................. 7,493 31,920 Solectron Corp. (a)................... 12,059 44,136 W.W. Grainger, Inc. .................. 300 21,330 ------------ 276,728 ------------ ELECTRONICS (INSTRUMENT) -- 0.6% Agilent Technologies, Inc. (a)........ 3,273 108,958 Amphenol Corp. (Class A).............. 1,158 51,253 Fisher Scientific International, Inc. (a)................................. 901 55,736 Molex, Inc. .......................... 1,958 50,810 National Instruments Corp. ........... 400 12,820 PerkinElmer, Inc. .................... 2,276 53,622 Symbol Technologies, Inc. ............ 3,229 41,396 Tektronix, Inc. ...................... 1,787 50,411 Thermo Electron Corp. (a)............. 1,097 33,053 Trimble Navigation, Ltd. (a).......... 1,055 37,442 Vishay Intertechnology, Inc. (a)...... 3,209 44,156 Waters Corp. (a)...................... 1,291 48,800 Watts Water Technologies, Inc. ....... 1,582 47,919 ------------ 636,376 ------------ ELECTRONICS (SEMICONDUCTORS) -- 2.7% Advanced Micro Devices, Inc. (a)...... 3,637 111,292 Altera Corp. (a)...................... 2,618 48,512 Analog Devices, Inc. ................. 3,013 108,076 Broadcom Corp. (Class A) (a).......... 2,340 110,331 Freescale Semiconductor, Inc. (Class B) (a).............................. 3,847 96,829 Intel Corp. .......................... 45,233 1,129,016 International Rectifier Corp. (a)..... 926 29,539 Intersil Corp. (Class A).............. 2,434 60,558 Linear Technology Corp. .............. 2,450 88,372 LSI Logic Corp. (a)................... 5,175 41,400 Marvell Technology Group, Ltd. (a).... 800 44,872 Maxim Integrated Products, Inc. ...... 2,346 85,019 MEMC Electronic Materials, Inc. (a)... 2,319 51,412 Microchip Technology, Inc. ........... 2,028 65,200 Micron Technology, Inc. (a)........... 6,297 83,813 Microsemi Corp. (a)................... 500 13,830 National Semiconductor Corp. ......... 3,273 85,033 NVIDIA Corp. (a)...................... 1,678 61,348 QLogic Corp. (a)...................... 1,194 38,817 Texas Instruments, Inc. .............. 12,177 390,516 Xilinx, Inc. ......................... 2,435 61,386 ------------ 2,805,171 ------------ ENGINEERING & CONSTRUCTION -- 0.1% Fluor Corp. .......................... 928 71,697 Jacobs Engineering Group, Inc. (a).... 928 62,984 URS Corp. (a)......................... 300 11,283 ------------ 145,964 ------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- ENTERTAINMENT -- 1.2% The Walt Disney Co. .................. 14,577 $ 349,411 Time Warner, Inc. .................... 32,470 566,277 Viacom, Inc. (Class B)................ 10,901 355,372 ------------ 1,271,060 ------------ EQUIPMENT (SEMICONDUCTORS) -- 0.4% Applied Materials, Inc. .............. 12,978 232,825 KLA-Tencor Corp. ..................... 1,745 86,081 Lam Research Corp. (a)................ 1,640 58,515 Novellus Systems, Inc. (a)............ 1,873 45,177 Teradyne, Inc. (a).................... 2,963 43,171 ------------ 465,769 ------------ FINANCIAL (DIVERSIFIED) -- 4.2% Chicago Mercantile Exchange Holdings, Inc. ............................... 277 101,795 CIT Group, Inc. ...................... 2,012 104,181 Citigroup, Inc. ...................... 36,127 1,753,243 Countrywide Financial Corp. .......... 4,360 149,069 Fannie Mae............................ 7,021 342,695 Freddie Mac........................... 4,951 323,548 JPMorgan Chase & Co. ................. 24,664 978,914 Mellon Financial Corp. ............... 3,464 118,642 Northern Trust Corp. ................. 1,874 97,111 SEI Investments Co. .................. 1,486 54,982 State Street Corp. (c)................ 2,369 131,337 The Bank of New York Co., Inc. ....... 5,635 179,475 ------------ 4,334,992 ------------ FOOD PRODUCTS -- 1.0% Archer-Daniels-Midland Co. ........... 5,332 131,487 Campbell Soup Co. .................... 2,580 76,807 ConAgra Foods, Inc. .................. 4,663 94,566 Dean Foods Co. (a).................... 1,834 69,068 Del Monte Foods Co. (a)............... 4,858 50,669 Flowers Foods, Inc. .................. 2,117 58,344 General Mills, Inc. .................. 2,771 136,666 H.J. Heinz Co. ....................... 3,006 101,362 Kellogg Co. .......................... 600 25,932 Kraft Foods, Inc. .................... 1,000 28,140 Pilgrim's Pride Corp. ................ 300 9,948 Sara Lee Corp. ....................... 6,658 125,836 The Hershey Co. ...................... 1,410 77,902 TreeHouse Foods, Inc. (a)............. 366 6,852 Tyson Foods, Inc. (Class A)........... 3,306 56,533 Wm. Wrigley Jr., Co. ................. 400 26,596 ------------ 1,076,708 ------------ FOOTWEAR -- 0.2% NIKE, Inc. (Class B).................. 1,432 124,283 Wolverine World Wide, Inc. ........... 2,102 47,211 ------------ 171,494 ------------
See accompanying notes to financial statements. 50 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- GAMING & LOTTERY -- 0.4% GTECH Holdings Corp. (a).............. 1,532 $ 48,626 Harrah's Entertainment, Inc. ......... 1,804 128,607 International Game Technology......... 3,097 95,325 MGM Mirage, Inc. (a).................. 1,325 48,588 Scientific Games Corp. (Class A) (a)................................. 1,585 43,239 Station Casinos, Inc. ................ 598 40,544 ------------ 404,929 ------------ GOLD/PRECIOUS METALS MINING -- 0.2% Newmont Mining Corp. ................. 3,559 190,051 ------------ HAND/MACHINE TOOLS -- 0.1% Black & Decker Corp. ................. 798 69,394 ------------ HEALTH CARE (DIVERSIFIED) -- 0.5% Baxter International, Inc. ........... 4,423 166,526 Bristol-Myers Squibb Co. ............. 14,281 328,177 ------------ 494,703 ------------ HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 3.9% Abbott Laboratories................... 11,199 441,577 Allergan, Inc. ....................... 1,170 126,313 Barr Pharmaceuticals, Inc. (a)........ 1,009 62,851 Cephalon, Inc. (a).................... 1,176 76,134 Eli Lilly & Co. ...................... 7,109 402,298 Forest Laboratories, Inc. (a)......... 3,164 128,712 Hospira, Inc. (a)..................... 1,729 73,967 IVAX Corp. (a)........................ 2,493 78,106 King Pharmaceuticals, Inc. (a)........ 1,521 25,735 Merck & Co., Inc. .................... 15,740 500,689 Mylan Laboratories, Inc. ............. 3,042 60,718 OSI Pharmaceuticals, Inc. (a)......... 400 11,216 Pfizer, Inc. ......................... 54,766 1,277,143 Schering-Plough Corp. ................ 11,266 234,896 Sepracor, Inc. (a).................... 1,073 55,367 Watson Pharmaceuticals, Inc. (a)...... 1,505 48,928 Wyeth................................. 9,933 457,613 ------------ 4,062,263 ------------ HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.2% HCA, Inc. ............................ 2,370 119,685 Health Management Associates, Inc. ... 2,325 51,057 Tenet Healthcare Corp. (a)............ 5,209 39,901 Triad Hospitals, Inc. (a)............. 902 35,385 ------------ 246,028 ------------ HEALTH CARE (MANAGED CARE) -- 1.8% Aetna, Inc. .......................... 2,295 216,442 Coventry Health Care, Inc. (a)........ 1,503 85,611 Express Scripts, Inc. (Class A) (a)... 1,316 110,281 Health Net, Inc. (a).................. 1,513 77,995 Humana, Inc. (a)...................... 1,580 85,841 Lincare Holdings, Inc. (a)............ 1,242 52,052 Manor Care, Inc. ..................... 1,199 47,684 Medco Health Solutions, Inc. (a)...... 2,285 127,503 Omnicare, Inc. ....................... 1,299 74,329 UnitedHealth Group, Inc. ............. 10,406 646,629 WellPoint, Inc. (a)................... 4,386 349,959 ------------ 1,874,326 ------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 3.0% Advanced Medical Optics, Inc. (a)..... 1,110 $ 46,398 Bausch & Lomb, Inc. .................. 643 43,660 Becton, Dickinson & Co. .............. 1,970 118,358 Biomet, Inc. ......................... 2,138 78,187 Boston Scientific Corp. (a)........... 4,892 119,805 C.R. Bard, Inc. ...................... 1,028 67,766 Cytyc Corp. (a)....................... 1,813 51,181 Dade Behring Holdings, Inc. .......... 1,644 67,223 Edwards Lifesciences Corp. (a)........ 1,075 44,731 Guidant Corp. ........................ 2,335 151,191 Henry Schein, Inc. (a)................ 1,338 58,390 Hologic, Inc. (a)..................... 400 15,168 Johnson & Johnson..................... 20,822 1,251,402 Kinetic Concepts, Inc. (a)............ 713 28,349 Medtronic, Inc. ...................... 8,620 496,253 St. Jude Medical, Inc. (a)............ 3,005 150,851 Stryker Corp. ........................ 2,306 102,456 Varian Medical Systems, Inc. (a)...... 1,575 79,285 Zimmer Holdings, Inc. (a)............. 1,924 129,754 ------------ 3,100,408 ------------ HEALTH CARE (SPECIAL SERVICES) -- 0.3% American Healthways, Inc. (a)......... 200 9,050 DaVita, Inc. (a)...................... 1,134 57,426 IMS Health, Inc. ..................... 2,772 69,078 Laboratory Corp. of America Holdings (a)................................. 1,339 72,105 Quest Diagnostics, Inc. .............. 1,063 54,723 Renal Care Group, Inc. (a)............ 985 46,601 ------------ 308,983 ------------ HOMEBUILDING -- 0.6% Beazer Homes USA, Inc. ............... 731 53,246 Centex Corp. ......................... 1,175 84,001 D.R. Horton, Inc. .................... 2,689 96,078 KB HOME............................... 833 60,526 Lennar Corp. (Class A)................ 1,218 74,322 NVR, Inc. (a)......................... 67 47,034 Pulte Homes, Inc. .................... 1,907 75,060 Ryland Group, Inc. ................... 647 46,668 Thor Industries, Inc. ................ 300 12,021 Toll Brothers, Inc. (a)............... 1,002 34,709 ------------ 583,665 ------------ HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.3% Bassett Furniture Industries, Inc. ... 2,666 49,321 Harman International Industries, Inc. ............................... 713 69,767 Kimball International, Inc. (Class B).................................. 3,889 41,340 Leggett & Platt, Inc. ................ 2,272 52,165 National Presto Industries, Inc. ..... 354 15,700 Whirlpool Corp. ...................... 785 65,752 ------------ 294,045 ------------ HOUSEHOLD PRODUCTS (NON-DURABLE) -- 2.0% American Greetings Corp. (Class A).... 1,659 36,448 Church & Dwight Co., Inc. ............ 1,502 49,611 Colgate-Palmolive Co. ................ 3,837 210,460 Energizer Holdings, Inc. (a).......... 941 46,852 Fortune Brands, Inc. ................. 1,185 92,454 Kimberly-Clark Corp. ................. 3,166 188,852 Newell Rubbermaid, Inc. .............. 3,111 73,980
See accompanying notes to financial statements. 51 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Procter & Gamble Co. ................. 23,565 $ 1,363,942 The Clorox Co. ....................... 1,063 60,474 ------------ 2,123,073 ------------ INSURANCE (FINANCIAL GUARANTEE) -- 0.3% Ambac Financial Group, Inc. .......... 1,093 84,226 MBIA, Inc. ........................... 1,382 83,141 MGIC Investment Corp. ................ 1,069 70,362 Radian Group, Inc. ................... 1,259 73,765 ------------ 311,494 ------------ INSURANCE (LIFE/HEALTH) -- 0.9% AFLAC, Inc. .......................... 3,954 183,545 CIGNA Corp. .......................... 988 110,360 Lincoln National Corp. ............... 1,784 94,605 Principal Financial Group, Inc. ...... 2,699 128,014 Prudential Financial, Inc. ........... 3,843 281,269 Reinsurance Group America, Inc. ...... 300 14,328 The Phoenix Cos., Inc. ............... 3,822 52,132 Torchmark Corp. ...................... 400 22,240 UnumProvident Corp. .................. 3,798 86,404 ------------ 972,897 ------------ INSURANCE (MULTI-LINE) -- 2.3% ACE, Ltd. ............................ 2,014 107,628 Alfa Corp. ........................... 4,134 66,557 American International Group, Inc. ... 16,481 1,124,499 Assurant, Inc. ....................... 1,807 78,586 Cincinnati Financial Corp. ........... 1,034 46,199 Genworth Financial, Inc. (Class A).... 2,724 94,196 Hanover Insurance Group, Inc. ........ 1,295 54,092 Leucadia National Corp. .............. 1,187 56,335 Loews Corp. .......................... 1,195 113,346 MetLife, Inc. ........................ 3,374 165,326 The Allstate Corp. ................... 4,641 250,939 The Hartford Financial Services Group, Inc. ............................... 2,195 188,529 XL Capital, Ltd. (Class A)............ 957 64,483 ------------ 2,410,715 ------------ INSURANCE (PROPERTY/CASUALTY) -- 0.8% Chubb Corp. .......................... 1,443 140,909 Fidelity National Financial, Inc. .... 1,893 69,643 Fidelity National Title Group, Inc. ............................... 345 8,401 Philadelphia Consolidated Holding Corp. (a)........................... 100 9,669 ProAssurance Corp. (a)................ 1,288 62,648 SAFECO Corp. ......................... 1,381 78,027 Selective Insurance Group, Inc. ...... 1,222 64,888 The Progressive Corp. ................ 1,269 148,194 The St. Paul Travelers Cos., Inc. .... 5,176 231,212 ------------ 813,591 ------------ INSURANCE BROKERS -- 0.2% Aon Corp. ............................ 2,756 99,078 Marsh & McLennan Cos., Inc. .......... 3,727 118,370 ------------ 217,448 ------------ INVESTMENT BANKING/BROKERAGE -- 1.8% Ameritrade Holding Corp. (a).......... 1,866 44,784 E*TRADE Financial Corp. (a)........... 4,545 94,809
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Friedman, Billings, Ramsey Group, Inc. ............................... 2,811 $ 27,829 Goldman Sachs Group, Inc. ............ 2,935 374,829 Lehman Brothers Holdings, Inc. ....... 2,032 260,441 Merrill Lynch & Co., Inc. ............ 6,009 406,990 Morgan Stanley........................ 7,125 404,272 The Bear Stearns Cos., Inc. .......... 808 93,348 The Charles Schwab Corp. ............. 10,153 148,945 ------------ 1,856,247 ------------ INVESTMENT MANAGEMENT -- 0.5% Ameriprise Financial, Inc. ........... 1,538 63,058 Franklin Resources, Inc. ............. 1,234 116,008 Janus Capital Group, Inc. ............ 3,573 66,565 Legg Mason, Inc. ..................... 1,012 121,126 T. Rowe Price Group, Inc. ............ 887 63,891 Waddell & Reed Financial, Inc. (Class A).................................. 2,555 53,579 ------------ 484,227 ------------ LEISURE TIME (PRODUCTS) -- 0.5% Brunswick Corp. ...................... 1,324 53,834 Carnival Corp. ....................... 3,306 176,772 Eastman Kodak Co. .................... 2,779 65,029 Hasbro, Inc. ......................... 2,677 54,022 Mattel, Inc. ......................... 4,220 66,760 SCP Pool Corp. ....................... 1,275 47,455 The Topps Co., Inc.................... 5,266 39,126 ------------ 502,998 ------------ LODGING (HOTELS) -- 0.4% Hilton Hotels Corp. .................. 3,503 84,457 La Quinta Corp. (a)................... 4,532 50,487 Marriott International, Inc. (Class A).................................. 1,527 102,263 Starwood Hotels & Resorts Worldwide, Inc. (Class B)...................... 1,744 111,372 Wynn Resorts, Ltd. (a)................ 828 45,416 ------------ 393,995 ------------ MACHINERY (DIVERSIFIED) -- 0.8% Caterpillar, Inc. .................... 4,978 287,579 Danaher Corp. ........................ 1,803 100,571 Deere & Co. .......................... 1,934 131,725 Dover Corp. .......................... 1,423 57,617 Eaton Corp. .......................... 1,357 91,041 IDEX Corp. ........................... 1,640 67,421 Joy Global, Inc. ..................... 1,975 79,000 Manitowoc Co. ........................ 200 10,044 ------------ 824,998 ------------ MANUFACTURING (DIVERSIFIED) -- 4.4% 3M Co. ............................... 4,857 376,418 Crane Co. ............................ 400 14,108 Federal Signal Corp. ................. 2,843 42,673 General Electric Co. ................. 74,906 2,625,455 Harsco Corp. ......................... 872 58,869 Honeywell International, Inc. ........ 5,533 206,104 Illinois Tool Works, Inc. ............ 1,805 158,822 Ingersoll-Rand Co., Ltd. (Class A).... 2,884 116,427 ITT Industries, Inc. ................. 887 91,201 Johnson Controls, Inc. ............... 1,665 121,395 Parker-Hannifin Corp. ................ 1,204 79,416 Pentair, Inc. ........................ 1,312 45,290
See accompanying notes to financial statements. 52 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Roper Industries, Inc. ............... 1,411 $ 55,749 SPX Corp. ............................ 1,101 50,393 Textron, Inc. ........................ 1,141 87,834 Tyco International, Ltd. ............. 14,496 418,355 ------------ 4,548,509 ------------ MANUFACTURING (SPECIALIZED) -- 0.1% CLARCOR, Inc. ........................ 400 11,884 Donaldson Co., Inc. .................. 361 11,480 Pall Corp. ........................... 2,249 60,408 Zebra Technologies Corp. (Class A) (a)................................. 1,009 43,236 ------------ 127,008 ------------ METAL FABRICATORS -- 0.2% Precision Castparts Corp. ............ 888 46,007 Quanex Corp. ......................... 200 9,994 The Timken Co. ....................... 2,092 66,986 ------------ 122,987 ------------ METALS MINING -- 0.4% Alcoa, Inc. .......................... 6,793 200,869 Freeport-McMoRan Copper & Gold, Inc. ............................... 1,942 104,480 Phelps Dodge Corp. ................... 906 130,346 ------------ 435,695 ------------ NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 0.8% Cascade Natural Gas Corp. ............ 3,064 59,779 Chesapeake Utilities Corp. ........... 1,923 59,228 Crosstex Energy LP.................... 1,262 43,009 El Paso Corp. ........................ 6,466 78,627 EnergySouth, Inc. .................... 2,189 58,621 Enterprise Products Partners LP....... 2,645 63,506 KeySpan Corp. ........................ 600 21,414 Kinder Morgan, Inc. .................. 800 73,560 NiSource, Inc. ....................... 1,000 20,860 Pacific Energy Partners LP............ 1,819 53,424 Questar Corp. ........................ 574 43,452 Sempra Energy......................... 1,851 82,999 The Williams Cos., Inc. .............. 5,242 121,457 ------------ 779,936 ------------ OFFICE EQUIPMENT & SUPPLIES -- 0.3% ACCO Brands Corp. (a)................. 302 7,399 Ennis, Inc. .......................... 2,894 52,584 Herman Miller, Inc. .................. 1,584 44,653 Pitney Bowes, Inc. ................... 2,029 85,725 Xerox Corp. (a)....................... 8,275 121,229 ------------ 311,590 ------------ OIL & GAS (DRILLING & EQUIPMENT) -- 1.9% Baker Hughes, Inc. ................... 2,299 139,733 BJ Services Co. ...................... 2,854 104,656 ENSCO International, Inc. ............ 1,729 76,681 GlobalSantaFe Corp. .................. 2,019 97,215 Grant Prideco, Inc. (a)............... 2,061 90,931 Grey Wolf, Inc. (a)................... 5,953 46,017 Halliburton Co. ...................... 3,895 241,334 Nabors Industries, Ltd. (a)........... 1,366 103,475 National-Oilwell Varco, Inc. (a)...... 1,620 101,574
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Noble Corp. .......................... 1,284 $ 90,573 Patterson-UTI Energy, Inc. ........... 2,147 70,744 Rowan Cos., Inc. ..................... 1,790 63,796 Schlumberger, Ltd. ................... 4,008 389,377 Superior Energy Services, Inc. (a).... 2,510 52,836 Transocean, Inc. (a).................. 2,642 184,121 Weatherford International, Ltd. (a)... 2,431 88,002 ------------ 1,941,065 ------------ OIL & GAS (EXPLORATION/PRODUCTS) -- 1.9% Anadarko Petroleum Corp. ............. 1,865 176,709 Apache Corp. ......................... 2,467 169,039 Burlington Resources, Inc. ........... 3,020 260,324 Chesapeake Energy Corp. .............. 2,959 93,889 Cross Timbers Royalty Trust........... 1,253 61,272 Denbury Resources, Inc. (a)........... 2,582 58,818 Devon Energy Corp. ................... 3,647 228,083 Encore Aquisition Co. (a)............. 300 9,612 EOG Resources, Inc. .................. 2,044 149,968 Kerr-McGee Corp. ..................... 726 65,964 Murphy Oil Corp. ..................... 1,580 85,304 Newfield Exploration Co. (a).......... 852 42,660 Noble Energy, Inc. ................... 1,694 68,268 Pioneer Natural Resources Co. ........ 1,496 76,700 Plains Exploration & Production Co. (a)................................. 1,364 54,192 Range Resources Corp. ................ 2,440 64,270 Southwestern Energy Co. (a)........... 1,009 36,263 St. Mary Land & Exploration Co. ...... 1,731 63,718 Ultra Petroleum Corp. (a)............. 1,075 59,985 XTO Energy, Inc. ..................... 3,161 138,894 ------------ 1,963,932 ------------ OIL & GAS (REFINING & MARKETING) -- 0.4% Holly Corp. .......................... 200 11,774 Sunoco, Inc. ......................... 1,427 111,848 Tesoro Petroleum Corp. ............... 909 55,949 Valero Energy Corp. .................. 4,892 252,427 ------------ 431,998 ------------ OIL (INTEGRATED) -- 4.3% Amerada Hess Corp. ................... 598 75,838 Chevron Corp. ........................ 15,454 877,324 ConocoPhillips........................ 8,894 517,453 Exxon Mobil Corp. .................... 45,563 2,559,274 Marathon Oil Corp. ................... 2,967 180,898 Occidental Petroleum Corp. ........... 2,841 226,939 ------------ 4,437,726 ------------ PAPER & FOREST PRODUCTS -- 0.1% Weyerhaeuser Co. ..................... 1,835 121,734 ------------ PAPER & RELATED PRODUCTS -- 0.4% International Paper Co. .............. 4,039 135,751 Longview Fibre Co. ................... 2,050 42,660 MeadWestvaco Corp. ................... 2,635 73,859 Smurfit-Stone Container Corp. (a)..... 3,965 56,184 Temple-Inland, Inc. .................. 1,275 57,184 ------------ 365,638 ------------
See accompanying notes to financial statements. 53 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- PERSONAL & HOUSEHOLD GOODS -- 0.1% Avon Products, Inc. .................. 3,728 $ 106,434 The Estee Lauder Cos., Inc. (Class A).................................. 1,500 50,220 ------------ 156,654 ------------ POWER PRODUCERS (INDEPENDENT) -- 0.1% Headwaters, Inc. (a).................. 300 10,632 NRG Energy, Inc. (a).................. 1,293 60,926 Reliant Energy, Inc. (a).............. 3,942 40,682 ------------ 112,240 ------------ PUBLISHING -- 0.2% Courier Corp. ........................ 1,455 49,965 Dex Media, Inc. ...................... 704 19,071 The McGraw-Hill Cos., Inc. ........... 3,072 158,607 ------------ 227,643 ------------ PUBLISHING (NEWSPAPERS) -- 0.2% Gannett Co., Inc. .................... 1,711 103,635 The New York Times Co. (Class A)...... 928 24,546 Tribune Co. .......................... 2,017 61,034 ------------ 189,215 ------------ RAILROADS -- 0.6% Burlington Northern Santa Fe Corp. ... 2,964 209,910 CSX Corp. ............................ 2,114 107,328 Kansas City Southern Industries, Inc. (a)................................. 500 12,215 Norfolk Southern Corp. ............... 3,554 159,326 Union Pacific Corp. .................. 1,966 158,283 ------------ 647,062 ------------ REAL ESTATE INVESTMENT TRUST -- 2.3% Agree Realty Corp. ................... 1,973 57,020 American Financial Realty Trust....... 3,935 47,220 American Land Lease, Inc. ............ 1,729 40,925 Annaly Mortgage Management, Inc. ..... 900 9,846 Anthracite Capital, Inc. ............. 4,995 52,597 Archstone-Smith Trust................. 2,472 103,552 Ashford Hospitality Trust, Inc. ...... 4,402 46,177 Avalonbay Communities, Inc. .......... 200 17,850 Boston Properties, Inc. .............. 500 37,065 CB Richard Ellis Group, Inc. (Class A) (a)................................. 1,021 60,086 CentraCore Properties Trust........... 2,320 62,338 Commercial Net Lease Realty........... 4,004 81,561 Corporate Office Properties Trust..... 2,236 79,467 Crescent Real Estate Equities Co. .... 3,739 74,107 Equity Office Properties Trust........ 3,279 99,452 Equity Residential.................... 2,484 97,174 General Growth Properties, Inc. ...... 2,166 101,780 Glimcher Realty Trust................. 2,462 59,876 GMH Communities Trust................. 3,328 51,617 Highland Hospitality Corp. ........... 4,411 48,742 HomeBanc Corp. ....................... 4,552 34,049 Host Marriott Corp. .................. 4,301 81,504 Innkeepers USA Trust.................. 3,645 58,320 Investors Real Estate Trust........... 6,037 55,722 Jones Lang LaSalle, Inc. ............. 200 10,070 Kimco Realty Corp. ................... 800 25,664 LaSalle Hotel Properties.............. 1,846 67,785
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- National Health Realty, Inc. ......... 3,010 $ 55,896 Nationwide Health Properties, Inc. ... 500 10,700 One Liberty Properties, Inc. ......... 3,443 63,386 Pennsylvania Real Estate Investment Trust............................... 1,578 58,954 Plum Creek Timber Co., Inc. .......... 2,306 83,131 PMC Commercial Trust.................. 4,602 56,605 Post Properties, Inc. ................ 300 11,985 ProLogis.............................. 1,760 82,227 Public Storage, Inc. ................. 300 20,316 Ramco-Gershenson Properties Trust..... 2,247 59,883 Simon Property Group, Inc. ........... 1,677 128,509 Tanger Factory Outlet Centers, Inc. ............................... 2,365 67,970 The St. Joe Co. ...................... 809 54,381 Urstadt Biddle Properties (Class A)... 3,321 53,833 Vornado Realty Trust.................. 300 25,041 ------------ 2,394,383 ------------ REINSURANCE -- 0.7% Berkshire Hathaway, Inc. (Class A) (a)................................. 8 708,960 ------------ RESTAURANTS -- 0.9% Bob Evans Farms, Inc. ................ 2,270 52,346 Brinker International, Inc. .......... 550 21,263 Darden Restaurants, Inc. ............. 1,710 66,485 McDonald's Corp. ..................... 9,110 307,189 Panera Bread Co. (Class A) (a)........ 200 13,136 Ruby Tuesday, Inc. ................... 500 12,945 Starbucks Corp. (a)................... 6,350 190,564 The Cheesecake Factory, Inc. (a)...... 1,697 63,451 The Steak n Shake Co. (a)............. 2,295 38,900 Wendy's International, Inc. .......... 1,201 66,367 Yum! Brands, Inc. .................... 2,465 115,559 ------------ 948,205 ------------ RETAIL -- 0.3% Albertson's, Inc. .................... 2,701 57,666 Safeway, Inc. ........................ 3,823 90,452 The Kroger Co. (a).................... 5,497 103,784 Whole Foods Market, Inc. ............. 1,100 85,129 ------------ 337,031 ------------ RETAIL (BUILDING SUPPLIES) -- 1.0% Lowe's Cos., Inc. .................... 5,201 346,699 The Home Depot, Inc. ................. 15,886 643,065 ------------ 989,764 ------------ RETAIL (COMPUTERS & ELECTRONICS) -- 0.2% Best Buy Co., Inc. ................... 3,255 141,527 Circuit City Stores, Inc. ............ 2,542 57,424 RadioShack Corp. ..................... 1,762 37,055 ------------ 236,006 ------------ RETAIL (DEPARTMENT STORES) -- 0.5% Dillards, Inc. (Class A).............. 500 12,410 Federated Department Stores, Inc. .... 2,253 149,442 J. C. Penney Co., Inc. ............... 2,147 119,373 Kohl's Corp. (a)...................... 2,425 117,855 Nordstrom, Inc. ...................... 2,155 80,597 ------------ 479,677 ------------
See accompanying notes to financial statements. 54 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RETAIL (DISCOUNTERS) -- 0.4% Big Lots, Inc. (a).................... 2,790 $ 33,508 Costco Wholesale Corp. ............... 3,680 182,049 Dollar General Corp. ................. 3,181 60,662 Dollar Tree Stores, Inc. (a).......... 1,773 42,446 Family Dollar Stores, Inc. ........... 1,917 47,522 ------------ 366,187 ------------ RETAIL (GENERAL MERCHANDISING CHAIN) -- 1.2% Sears Holdings Corp. (a).............. 721 83,297 Target Corp. ......................... 6,100 335,317 Wal-Mart Stores, Inc. ................ 17,774 831,823 ------------ 1,250,437 ------------ RETAIL (SPECIALTY APPAREL) -- 0.5% Abercrombie & Fitch Co. .............. 873 56,902 American Eagle Outfitters, Inc. ...... 1,457 33,482 Chico's FAS, Inc. (a)................. 1,710 75,120 Foot Locker, Inc. .................... 1,782 42,037 Limited Brands........................ 3,030 67,721 Mens Wearhouse, Inc. (a).............. 400 11,776 Ross Stores, Inc. .................... 1,736 50,170 The Gap, Inc. ........................ 4,939 87,124 The TJX Cos., Inc. ................... 3,454 80,237 Urban Outfitters, Inc. (a)............ 1,545 39,104 ------------ 543,673 ------------ RETAIL (SPECIALTY) -- 0.9% Advance Auto Parts, Inc. (a).......... 1,242 53,977 Amazon.com, Inc. (a).................. 2,645 124,712 AutoNation, Inc. (a).................. 2,806 60,974 AutoZone, Inc. (a).................... 615 56,426 Bed Bath & Beyond, Inc. (a)........... 2,584 93,412 Borders Group, Inc. .................. 500 10,835 Guitar Center, Inc. (a)............... 200 10,002 Michaels Stores, Inc. ................ 1,432 50,650 O'Reilly Automotive, Inc. (a)......... 1,729 55,345 Office Depot, Inc. (a)................ 3,067 96,304 PETsMART, Inc. ....................... 1,802 46,239 Staples, Inc. ........................ 6,367 144,595 Tiffany & Co. ........................ 1,637 62,681 Williams-Sonoma, Inc. (a)............. 1,201 51,823 Zale Corp. (a)........................ 400 10,060 ------------ 928,035 ------------ RETAIL STORES (DRUG STORE) -- 0.7% Caremark Rx, Inc. (a)................. 3,718 192,555 CVS Corp. ............................ 6,008 158,732 Walgreen Co. ......................... 7,416 328,232 ------------ 679,519 ------------ SAVINGS & LOAN COMPANIES -- 0.9% Berkshire Hills Bancorp, Inc. ........ 1,433 48,005 ESB Financial Corp. .................. 2,707 30,373 Golden West Financial Corp. .......... 2,110 139,260 Horizon Financial Corp. .............. 2,427 53,006 KNBT Bancorp, Inc. ................... 3,160 51,476 MASSBANK Corp. ....................... 2,033 66,987
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- OceanFirst Financial Corp. ........... 2,517 $ 57,287 People's Bank......................... 2,456 76,283 Sound Federal Bancorp, Inc. .......... 3,180 60,738 Sovereign Bancorp, Inc. .............. 3,801 82,178 Washington Mutual, Inc. .............. 6,812 296,322 ------------ 961,915 ------------ SERVICES (ADVERTISING/MARKETING) -- 0.3% aQuantive, Inc. (a)................... 400 10,096 Getty Images, Inc. (a)................ 626 55,883 Lamar Advertising Co. (a)............. 1,201 55,414 Omnicom Group, Inc. .................. 1,468 124,971 The Interpublic Group of Cos., Inc. (a)................................. 4,650 44,872 ------------ 291,236 ------------ SERVICES (COMMERCIAL & CONSUMER) -- 1.8% Accenture, Ltd. (Class A)............. 3,270 94,405 ADESA, Inc. .......................... 1,693 41,343 Apollo Group, Inc. (a)................ 1,347 81,440 Avery Dennison Corp. ................. 1,227 67,816 Avnet, Inc. (a)....................... 2,098 50,226 Career Education Corp. (a)............ 1,307 44,072 CCE Spinco, Inc (a)................... 556 7,284 Cendant Corp. ........................ 8,496 146,556 Checkfree Corp. (a)................... 1,180 54,162 ChoicePoint, Inc. (a)................. 1,238 55,103 Cintas Corp. ......................... 1,682 69,265 Connecticut Water Service, Inc. ...... 2,345 57,476 Education Management Corp. (a)........ 1,358 45,507 Equifax, Inc. ........................ 1,635 62,163 Fastenal Co. ......................... 1,885 73,873 H&R Block, Inc. ...................... 2,551 62,627 Iron Mountain, Inc. (a)............... 1,643 69,367 ITT Educational Services, Inc. (a).... 829 49,002 Laidlaw International, Inc. .......... 1,676 38,933 Laureate Education, Inc. (a).......... 960 50,410 Middlesex Water Co. .................. 3,098 53,719 Moody's Corp. ........................ 2,280 140,038 Paychex, Inc. ........................ 2,974 113,369 R.R. Donnelley & Sons Co. ............ 2,573 88,022 Rent-A-Center, Inc. (a)............... 600 11,316 Sabre Holdings Corp.(Class A)......... 2,259 54,464 Service Corp. International........... 5,722 46,806 Strayer Education, Inc. .............. 100 9,370 The Service Master Co. ............... 1,790 21,390 VCA Antech, Inc. (a).................. 1,698 47,884 VeriSign, Inc. (a).................... 2,526 55,370 Websense, Inc. (a).................... 200 13,128 ------------ 1,875,906 ------------ SERVICES (COMPUTER SYSTEMS) -- 0.3% Cognizant Technology Solutions Corp. (a)................................. 1,341 67,519 Computer Sciences Corp. (a)........... 1,748 88,519 Electronic Data Systems Corp. ........ 4,748 114,142 ------------ 270,180 ------------
See accompanying notes to financial statements. 55 STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- SERVICES (DATA PROCESSING) -- 0.7% Automatic Data Processing, Inc. ...... 4,262 $ 195,583 Certegy, Inc. ........................ 1,276 51,754 Dun & Bradstreet Corp. (a)............ 910 60,933 First Data Corp. ..................... 5,562 239,222 Fiserv, Inc. (a)...................... 1,866 80,742 NAVTEQ Corp. (a)...................... 1,177 51,635 The BISYS Group, Inc. (a)............. 2,773 38,850 ------------ 718,719 ------------ SERVICES (EMPLOYMENT) -- 0.2% Manpower, Inc. ....................... 578 26,877 Monster Worldwide, Inc. (a)........... 1,553 63,393 Robert Half International, Inc. ...... 2,212 83,813 ------------ 174,083 ------------ STEEL -- 0.2% Nucor Corp. .......................... 1,459 97,345 Steel Dynamics, Inc. ................. 300 10,653 United States Steel Corp. ............ 1,335 64,173 Worthington Industries, Inc. ......... 500 9,605 ------------ 181,776 ------------ TELEPHONE -- 2.5% ALLTEL Corp. ......................... 2,383 150,367 AT&T, Inc. ........................... 27,953 684,569 BellSouth Corp. ...................... 12,456 337,558 Citizens Communications Co. .......... 4,818 58,924 MCI, Inc. ............................ 2,332 46,010 NTL, Inc. (a)......................... 815 55,485 Qwest Communications International, Inc. (a)............................ 16,234 91,722 Sprint Nextel Corp. .................. 19,732 460,940 SureWest Communications............... 1,565 41,269 Telephone & Data Systems, Inc. ....... 1,281 46,154 Verizon Communications, Inc. ......... 19,064 574,208 ------------ 2,547,206 ------------ TEXTILES (APPAREL) -- 0.2% Coach, Inc. (a)....................... 3,365 112,189 Jones Apparel Group, Inc. ............ 1,842 56,586 Liz Claiborne, Inc. .................. 1,545 55,342 Quiksilver, Inc. (a).................. 2,666 36,898 ------------ 261,015 ------------ TOBACCO -- 1.2% Altria Group, Inc. ................... 14,472 1,081,348 Reynolds American, Inc. .............. 807 76,931 UST, Inc. ............................ 1,647 67,247 ------------ 1,225,526 ------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TRUCKING -- 0.8% C.H. Robinson Worldwide, Inc. ........ 1,042 $ 38,585 Expeditors International Washington, Inc. ............................... 1,370 92,489 FedEx Corp. .......................... 2,086 215,672 Forward Air Corp. .................... 1,802 66,043 J.B. Hunt Transport Services, Inc. ... 2,469 55,898 Landstar Systems, Inc. ............... 1,803 75,257 United Parcel Service, Inc. (Class B).................................. 3,963 297,819 YRC Worldwide, Inc (a)................ 857 38,231 ------------ 879,994 ------------ TRUCKS & PARTS -- 0.1% PACCAR, Inc. ......................... 1,542 106,753 Proliance International, Inc. (a)..... 426 2,253 ------------ 109,006 ------------ WASTE MANAGEMENT -- 0.1% Nalco Holding Co. (a)................. 600 10,626 Waste Management, Inc. ............... 4,815 146,135 ------------ 156,761 ------------ TOTAL COMMON STOCKS -- (Cost $93,205,195).................. 103,136,252 ------------ SHORT TERM INVESTMENTS -- 0.3% MONEY MARKET FUND -- 0.3% AIM Short Term Investment Class Prime Fund (Cost $280,465)................ 280,465 280,465 ------------ TOTAL INVESTMENTS -- 99.9% (Cost $93,485,660) 103,416,717 OTHER ASSETS AND LIABILITIES -- 0.1% 123,123 ------------ NET ASSETS -- 100.0%.................. $103,539,840 ============ (a) Non-income producing security (b) Amount shown represents less than 0.005% of net assets. (c) Affiliated issuer (Note 3)
See accompanying notes to financial statements. 56 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.7% AEROSPACE/DEFENSE -- 1.7% Alliant Techsystems, Inc. (a)........... 45 $ 3,428 Boeing Co. ............................. 845 59,353 General Dynamics Corp. ................. 195 22,240 Goodrich Corp. ......................... 140 5,754 L-3 Communications Holdings, Inc. ...... 132 9,814 Lockheed Martin Corp. .................. 405 25,770 Northrop Grumman Corp. ................. 385 23,142 Raytheon Co. ........................... 520 20,878 Rockwell Collins, Inc. ................. 185 8,597 United Technologies Corp. .............. 1,090 60,942 ----------- 239,918 ----------- AIRLINES -- 0.1% Southwest Airlines Co. 815 13,390 ----------- AUTO PARTS & EQUIPMENT -- 0.1% BorgWarner, Inc. ....................... 65 3,941 Gentex Corp. ........................... 180 3,510 Genuine Parts Co. ...................... 200 8,784 Lear Corp. ............................. 80 2,277 ----------- 18,512 ----------- AUTOMOBILES & PARTS -- 0.3% Ford Motor Co. ......................... 2,025 15,633 General Motors Corp. ................... 485 9,419 Harley-Davidson, Inc. .................. 335 17,249 ----------- 42,301 ----------- BANKS (MAJOR REGIONAL) -- 4.4% Bank of America Corp. .................. 4,649 214,551 Comerica, Inc. ......................... 195 11,068 Commerce Bancorp, Inc. ................. 185 6,366 Fifth Third Bancorp..................... 540 20,369 Huntington Bancshares, Inc. ............ 255 6,056 Keycorp................................. 470 15,477 National City Corp. .................... 645 21,653 PNC Financial Services Group............ 335 20,713 SunTrust Banks, Inc. ................... 415 30,195 U.S. Bancorp............................ 2,050 61,275 Wachovia Corp. ......................... 1,827 96,575 Wells Fargo & Co. ...................... 1,947 122,330 ----------- 626,628 ----------- BANKS (REGIONAL) -- 1.2% AmSouth Bancorp......................... 405 10,615 Associated BancCorp. ................... 140 4,557 Bank of Hawaii Corp. ................... 60 3,092 BB&T Corp. ............................. 630 26,403 City National Corp. .................... 50 3,622 Colonial BancGroup, Inc. ............... 175 4,168 Commerce Bancshares, Inc. .............. 84 4,378 Compass Bancshares, Inc. ............... 140 6,761 First Horizon National Corp. ........... 140 5,382 Fulton Financial Corp. ................. 180 3,168 M&T Bank Corp. ......................... 95 10,360 Marshall & Ilsley Corp. ................ 220 9,469 Mercantile Bankshares Corp. ............ 95 5,362 North Fork Bancorp, Inc. ............... 502 13,735
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Popular, Inc. .......................... 280 $ 5,922 Regions Financial Corp. ................ 530 18,105 Sky Financial Group, Inc. .............. 125 3,477 Synovus Financial Corp. ................ 295 7,968 TCF Financial Corp. .................... 150 4,071 TD Banknorth, Inc. ..................... 100 2,905 UnionBanCal Corp. ...................... 65 4,467 Valley National Bancorp................. 130 3,133 Webster Financial Corp. ................ 60 2,814 Zions Bancorp........................... 111 8,387 ----------- 172,321 ----------- BEVERAGES (ALCOHOLIC) -- 0.4% Anheuser-Busch Cos., Inc. .............. 895 38,449 Brown-Forman Corp. ..................... 65 4,506 Constellation Brands, Inc. (Class A) (a)................................... 225 5,902 Molson Coors Brewing Co. ............... 80 5,359 ----------- 54,216 ----------- BEVERAGES (NON-ALCOHOLIC) -- 1.6% Coca-Cola Enterprises, Inc. ............ 285 5,463 PepsiCo, Inc. .......................... 1,940 114,615 The Coca-Cola Co. ...................... 2,547 102,670 The Pepsi Bottling Group, Inc. ......... 175 5,007 ----------- 227,755 ----------- BIOTECHNOLOGY -- 1.9% Amgen, Inc. (a)......................... 1,462 115,293 Applera Corp. -- Applied Biosystems Group................................. 230 6,109 Biogen Idec, Inc. (a)................... 390 17,679 Celgene Corp. (a)....................... 190 12,312 Charles River Laboratories International, Inc. (a)............... 85 3,601 Chiron Corp. (a)........................ 125 5,558 Genentech, Inc. (a)..................... 535 49,487 Genzyme Corp. (a)....................... 290 20,526 Gilead Sciences, Inc. (a)............... 495 26,052 ImClone Systems, Inc. (a)............... 75 2,568 Invitrogen Corp. (a).................... 60 3,998 MedImmune, Inc. (a)..................... 285 9,981 Millennium Pharmaceuticals, Inc. (a).... 355 3,444 Millipore Corp. (a)..................... 55 3,632 ----------- 280,240 ----------- BROADCASTING (TV, RADIO & CABLE) -- 1.6% Belo Corp. ............................. 120 2,569 Cablevision Systems New York Group (Class A) (a)......................... 165 3,873 Clear Channel Communications, Inc. ..... 585 18,398 Comcast Corp. (Class A) (a)............. 2,392 62,096 Discovery Holding Co. (Class A) (a)..... 322 4,878 EchoStar Communications Corp. (Class A)(a)................................. 250 6,793 EW Scripps Co. ......................... 95 4,562 Liberty Global, Inc. (a)................ 545 12,263 Liberty Media Corp. (a)................. 3,362 26,459 News Corp. (Class A).................... 2,837 44,115 Sirius Satellite Radio, Inc. (a)........ 1,380 9,246 The DIRECTV Group, Inc. (a)............. 1,055 14,897
See accompanying notes to financial statements. 57 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Univision Communications, Inc. (a)...... 295 $ 8,670 XM Satellite Radio Holdings, Inc. (Class A) (a)................................ 255 6,956 ----------- 225,775 ----------- BUILDING MATERIALS -- 0.3% American Standard Cos., Inc. ........... 207 8,270 Lafarge North America, Inc. ............ 35 1,926 Martin Marietta Materials, Inc. ........ 55 4,219 Masco Corp. ............................ 505 15,246 Vulcan Materials Co. ................... 105 7,114 ----------- 36,775 ----------- CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.7% American Tower Corp. (a)................ 460 12,466 Crown Castle International Corp. (a).... 260 6,997 Motorola, Inc. ......................... 2,822 63,749 Nextel Partners, Inc. (a)............... 145 4,051 NII Holdings, Inc. (a).................. 132 5,766 US Cellular Corp. (a)................... 20 988 ----------- 94,017 ----------- CHEMICALS (DIVERSIFIED) -- 1.3% Air Products & Chemicals, Inc. ......... 245 14,502 E. I. du Pont de Nemours & Co. ......... 1,145 48,662 Fisher Scientific International, Inc. (a)................................... 130 8,042 Huntsman Corp. (a)...................... 105 1,808 Lyondell Chemical Co. .................. 260 6,193 Monsanto Co. ........................... 307 23,802 PPG Industries, Inc. ................... 200 11,580 Praxair, Inc. .......................... 375 19,860 Rohm & Haas Co. ........................ 165 7,989 The Dow Chemical Co. ................... 1,097 48,071 ----------- 190,509 ----------- CHEMICALS (SPECIALTY) -- 0.3% Ashland, Inc. .......................... 85 4,922 Bunge, Ltd. ............................ 130 7,359 Chemtura Corp. ......................... 270 3,429 Eastman Chemical Co. ................... 90 4,643 Ecolab, Inc. ........................... 215 7,798 Engelhard Corp. ........................ 145 4,372 International Flavors & Fragrances, Inc. ................................. 100 3,350 Lubrizol Corp. ......................... 77 3,344 Sigma-Aldrich Corp. .................... 70 4,430 The Mosaic Co. (a)...................... 145 2,121 ----------- 45,768 ----------- COAL -- 0.2% Arch Coal, Inc. ........................ 70 5,565 CONSOL Energy, Inc. .................... 105 6,844 Massey Energy Co. ...................... 85 3,219 Peabody Energy Corp. ................... 150 12,363 ----------- 27,991 ----------- COMMUNICATIONS EQUIPMENT -- 1.1% Avaya, Inc. (a)......................... 520 5,548 Comverse Technology, Inc. (a)........... 210 5,584 Corning, Inc. (a)....................... 1,737 34,149 Harris Corp. ........................... 155 6,667 Lucent Technologies, Inc. (a)........... 4,962 13,199
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- QUALCOMM, Inc. ......................... 1,895 $ 81,637 Scientific-Atlanta, Inc. ............... 175 7,537 Tellabs, Inc. (a)....................... 487 5,308 ----------- 159,629 ----------- COMPUTER SOFTWARE/SERVICES -- 5.1% Activision, Inc. (a).................... 305 4,191 Adobe Systems, Inc. .................... 679 25,096 Affiliated Computer Services, Inc. (a)................................... 140 8,285 Autodesk, Inc. ......................... 265 11,382 BEA Systems, Inc. (a)................... 445 4,183 BMC Software, Inc. (a).................. 255 5,225 Cadence Design Systems, Inc. (a)........ 315 5,330 Ceridian Corp. (a)...................... 170 4,224 Citrix Systems, Inc. (a)................ 195 5,612 Computer Associates International, Inc. ................................. 540 15,223 Diebold, Inc. .......................... 82 3,116 DST Systems, Inc. (a)................... 75 4,493 eBay, Inc. (a).......................... 1,242 53,716 Electronic Arts, Inc. (a)............... 345 18,047 Expedia, Inc. (a)....................... 335 8,027 Google, Inc. (a)........................ 200 82,972 IAC/InterActiveCorp (a)................. 335 9,484 Intuit, Inc. (a)........................ 190 10,127 McAfee, Inc. (a)........................ 180 4,883 Mercury Interactive Corp. (a)........... 95 2,640 Microsoft Corp. ........................ 10,861 284,015 Novell, Inc. (a)........................ 432 3,815 Oracle Corp. (a)........................ 4,592 56,068 Pixar (a)............................... 65 3,427 Siebel Systems, Inc. ................... 530 5,607 Symantec Corp. (a)...................... 1,372 24,010 Synopsys, Inc. (a)...................... 165 3,310 Unisys Corp. (a)........................ 390 2,274 Yahoo!, Inc. (a)........................ 1,500 58,770 ----------- 727,552 ----------- COMPUTERS (HARDWARE) -- 2.9% Apple Computer, Inc. (a)................ 940 67,577 Dell, Inc. (a).......................... 2,520 75,575 Hewlett-Packard Co. .................... 3,332 95,395 International Business Machines Corp. ................................ 1,857 152,645 NCR Corp. (a)........................... 215 7,297 Sun Microsystems, Inc. (a).............. 3,922 16,433 ----------- 414,922 ----------- COMPUTERS (NETWORKING) -- 1.0% Cisco Systems, Inc. (a)................. 7,579 129,753 Juniper Networks, Inc. (a).............. 627 13,982 ----------- 143,735 ----------- COMPUTERS (PERIPHERALS) -- 0.5% EMC Corp. (a)........................... 2,787 37,959 Lexmark International, Inc. (a)......... 150 6,724 Network Appliance, Inc. (a)............. 420 11,340 SanDisk Corp. (a)....................... 210 13,192 Seagate Technology (a).................. 435 8,696 ----------- 77,911 -----------
See accompanying notes to financial statements. 58 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- CONSUMER FINANCE -- 1.1% American Express Co. ................... 1,270 $ 65,354 AmeriCredit Corp. (a)................... 170 4,357 Capital One Financial Corp. ............ 322 27,821 MBNA Corp. ............................. 1,300 35,295 SLM Corp. .............................. 485 26,719 Student Loan Corp. ..................... 5 1,046 ----------- 160,592 ----------- CONTAINERS (METALS & GLASS) -- 0.1% Ball Corp. ............................. 117 4,647 Crown Holdings, Inc. (a)................ 190 3,711 Owens-Illinois, Inc. (a)................ 160 3,366 ----------- 11,724 ----------- CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.1% Bemis Co. .............................. 125 3,484 Pactiv Corp. (a)........................ 175 3,850 Sealed Air Corp. (a).................... 95 5,336 Sonoco Products Co. .................... 115 3,381 ----------- 16,051 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 0.6% AmerisourceBergen Corp. ................ 240 9,936 Cardinal Health, Inc. .................. 500 34,375 McKesson Corp. ......................... 320 16,509 Patterson Cos., Inc. (a)................ 135 4,509 SUPERVALU, Inc. ........................ 155 5,034 Sysco Corp. ............................ 735 22,822 ----------- 93,185 ----------- ELECTRIC UTILITIES -- 3.0% Allegheny Energy, Inc. (a).............. 185 5,855 Alliant Energy Corp. ................... 135 3,785 Ameren Corp. ........................... 225 11,529 American Electric Power Co., Inc. ...... 455 16,876 CenterPoint Energy, Inc. ............... 315 4,048 Cinergy Corp. .......................... 210 8,917 Consolidated Edison, Inc. .............. 280 12,972 Constellation Energy Group, Inc. ....... 200 11,520 Dominion Resources, Inc. ............... 390 30,108 DPL, Inc. .............................. 140 3,641 DTE Energy Co. ......................... 200 8,638 Duke Energy Corp. ...................... 1,020 27,999 Edison International.................... 345 15,045 Energy East Corp. ...................... 170 3,876 Entergy Corp. .......................... 245 16,819 Exelon Corp. ........................... 762 40,493 FirstEnergy Corp. ...................... 380 18,616 FPL Group, Inc. ........................ 415 17,247 MDU Resources Group, Inc. .............. 125 4,093 Northeast Utilities..................... 150 2,954 NSTAR................................... 125 3,588 Pepco Holdings, Inc. ................... 215 4,810 PG&E Corp. ............................. 425 15,776 Pinnacle West Capital Corp. ............ 110 4,548 PPL Corp. .............................. 437 12,848 Progress Energy, Inc. .................. 285 12,517 Public Service Enterprise Group, Inc. ................................. 275 17,867 SCANA Corp. ............................ 120 4,726
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TECO Energy, Inc. ...................... 230 $ 3,951 The AES Corp. (a)....................... 745 11,793 The Southern Co. ....................... 855 29,523 TXU Corp. .............................. 520 26,099 Wisconsin Energy Corp. ................. 135 5,273 Xcel Energy, Inc. ...................... 460 8,492 ----------- 426,842 ----------- ELECTRICAL EQUIPMENT -- 0.4% American Power Conversion Corp. ........ 215 4,730 Cooper Industries, Ltd. ................ 105 7,665 Emerson Electric Co. ................... 482 36,006 Hubbell, Inc. (Class B)................. 65 2,933 Rockwell Automation, Inc. .............. 190 11,240 ----------- 62,574 ----------- ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.1% Arrow Electronics, Inc. (a)............. 132 4,228 CDW Corp. .............................. 75 4,318 Sanmina-SCI Corp. (a)................... 600 2,556 Solectron Corp. (a)..................... 1,120 4,099 W.W. Grainger, Inc. .................... 95 6,754 ----------- 21,955 ----------- ELECTRONICS (INSTRUMENT) -- 0.3% Agilent Technologies, Inc. (a).......... 471 15,680 Amphenol Corp. (Class A)................ 100 4,426 Garmin, Ltd. ........................... 65 4,313 Molex, Inc. ............................ 150 3,892 PerkinElmer, Inc. ...................... 140 3,298 Symbol Technologies, Inc. .............. 280 3,590 Thermo Electron Corp. (a)............... 185 5,574 Waters Corp. (a)........................ 135 5,103 ----------- 45,876 ----------- ELECTRONICS (SEMICONDUCTORS) -- 2.7% Advanced Micro Devices, Inc. (a)........ 455 13,923 Altera Corp. (a)........................ 430 7,968 Analog Devices, Inc. ................... 430 15,424 Broadcom Corp. (Class A) (a)............ 310 14,616 Freescale Semiconductor, Inc. (Class B) (a)................................... 460 11,578 Intel Corp. ............................ 7,004 174,820 International Rectifier Corp. (a)....... 75 2,392 Linear Technology Corp. ................ 355 12,805 Marvell Technology Group, Ltd. (a)...... 255 14,303 Maxim Integrated Products, Inc. ........ 375 13,590 Microchip Technology, Inc. ............. 235 7,555 Micron Technology, Inc. (a)............. 705 9,384 National Semiconductor Corp. ........... 400 10,392 NVIDIA Corp. (a)........................ 185 6,764 QLogic Corp. (a)........................ 100 3,251 Texas Instruments, Inc. ................ 1,960 62,857 Xilinx, Inc. ........................... 400 10,084 ----------- 391,706 ----------- ENGINEERING & CONSTRUCTION -- 0.1% Fluor Corp. ............................ 95 7,340 Jacobs Engineering Group, Inc. (a)...... 65 4,411 ----------- 11,751 -----------
See accompanying notes to financial statements. 59 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- ENTERTAINMENT -- 1.4% The Walt Disney Co. .................... 2,350 $ 56,330 Time Warner, Inc. ...................... 5,077 88,543 Viacom, Inc. (Class B).................. 1,652 53,855 ----------- 198,728 ----------- EQUIPMENT (SEMICONDUCTORS) -- 0.4% Applied Materials, Inc. ................ 1,820 32,651 KLA-Tencor Corp. ....................... 225 11,099 Lam Research Corp. (a).................. 160 5,709 Novellus Systems, Inc. (a).............. 160 3,859 Teradyne, Inc. (a)...................... 225 3,278 ----------- 56,596 ----------- FINANCIAL (DIVERSIFIED) -- 4.8% Cbot Holdings, Inc. (a)................. 5 469 Chicago Mercantile Exchange Holdings, Inc. ................................. 30 11,025 CIT Group, Inc. ........................ 245 12,686 Citigroup, Inc. ........................ 5,987 290,549 Countrywide Financial Corp. ............ 685 23,420 Fannie Mae.............................. 1,115 54,423 Freddie Mac............................. 795 51,953 JPMorgan Chase & Co. ................... 4,052 160,824 Mellon Financial Corp. ................. 490 16,782 Northern Trust Corp. ................... 225 11,660 SEI Investments Co. .................... 80 2,960 State Street Corp. (b).................. 385 21,344 The Bank of New York Co., Inc. ......... 895 28,506 Thornburg Mortgage, Inc. ............... 115 3,013 ----------- 689,614 ----------- FOOD PRODUCTS -- 1.1% Archer-Daniels-Midland Co. ............. 690 17,015 Campbell Soup Co. ...................... 295 8,782 ConAgra Foods, Inc. .................... 610 12,371 Dean Foods Co. (a)...................... 170 6,402 Dreyer's Grand Ice Cream Holdings, Inc. ................................. 30 2,486 General Mills, Inc. .................... 410 20,221 H.J. Heinz Co. ......................... 405 13,657 Hormel Foods Corp. ..................... 85 2,778 JM Smucker Co. ......................... 65 2,860 Kellogg Co. ............................ 275 11,886 Kraft Foods, Inc. ...................... 295 8,301 McCormick & Co., Inc. .................. 150 4,638 Sara Lee Corp. ......................... 910 17,199 Smithfield Foods, Inc. (a).............. 100 3,060 The Hershey Co. ........................ 200 11,050 Tyson Foods, Inc. (Class A)............. 270 4,617 Wm. Wrigley Jr., Co. ................... 165 10,971 ----------- 158,294 ----------- FOOTWEAR -- 0.1% NIKE, Inc. (Class B).................... 200 17,358 ----------- GAMING & LOTTERY -- 0.4% Boyd Gaming Corp. ...................... 55 2,621 GTECH Holdings Corp. (a)................ 135 4,285 Harrah's Entertainment, Inc. ........... 210 14,971 International Game Technology........... 395 12,158 Las Vegas Sands Corp. (a)............... 145 5,723 MGM Mirage, Inc. (a).................... 140 5,134
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Penn National Gaming, Inc. (a).......... 70 $ 2,307 Station Casinos, Inc. .................. 55 3,729 ----------- 50,928 ----------- GOLD/PRECIOUS METALS MINING -- 0.2% Newmont Mining Corp. ................... 470 25,098 ----------- HAND/MACHINE TOOLS -- 0.1% Black & Decker Corp. ................... 95 8,261 The Stanley Works....................... 100 4,804 ----------- 13,065 ----------- HEALTH CARE (DIVERSIFIED) -- 0.5% Baxter International, Inc. ............. 715 26,920 Bristol-Myers Squibb Co. ............... 2,250 51,705 ----------- 78,625 ----------- HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 4.2% Abbott Laboratories..................... 1,792 70,659 Allergan, Inc. ......................... 150 16,194 Barr Pharmaceuticals, Inc. (a).......... 105 6,540 Cephalon, Inc. (a)...................... 65 4,208 Eli Lilly & Co. ........................ 1,115 63,098 Endo Pharmaceuticals Holdings, Inc. (a)................................... 110 3,329 Forest Laboratories, Inc. (a)........... 405 16,475 Hospira, Inc. (a)....................... 180 7,700 IVAX Corp. (a).......................... 255 7,989 King Pharmaceuticals, Inc. (a).......... 280 4,738 Merck & Co., Inc. ...................... 2,537 80,702 Mylan Laboratories, Inc. ............... 250 4,990 Pfizer, Inc. ........................... 8,559 199,596 Schering-Plough Corp. .................. 1,697 35,382 Sepracor, Inc. (a)...................... 120 6,192 Watson Pharmaceuticals, Inc. (a)........ 125 4,064 Wyeth................................... 1,535 70,718 ----------- 602,574 ----------- HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.3% Community Health Systems, Inc. (a)...... 100 3,834 HCA, Inc. .............................. 520 26,260 Health Management Associates, Inc. ..... 265 5,820 Tenet Healthcare Corp. (a).............. 540 4,136 Triad Hospitals, Inc. (a)............... 100 3,923 Universal Health Services, Inc. (Class B).................................... 65 3,038 ----------- 47,011 ----------- HEALTH CARE (MANAGED CARE) -- 1.8% Aetna, Inc. ............................ 340 32,065 Coventry Health Care, Inc. (a).......... 185 10,538 Express Scripts, Inc. (Class A) (a)..... 145 12,151 Health Net, Inc. (a).................... 130 6,702 Humana, Inc. (a)........................ 185 10,051 Lincare Holdings, Inc. (a).............. 115 4,820 Manor Care, Inc. ....................... 100 3,977 Medco Health Solutions, Inc. (a)........ 350 19,530 Omnicare, Inc. ......................... 120 6,866 UnitedHealth Group, Inc. ............... 1,567 97,373 WellPoint, Inc. (a)..................... 723 57,702 ----------- 261,775 -----------
See accompanying notes to financial statements. 60 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 3.2% Bausch & Lomb, Inc. .................... 60 $ 4,074 Beckman Coulter, Inc. .................. 70 3,983 Becton, Dickinson & Co. ................ 275 16,522 Biomet, Inc. ........................... 270 9,874 Boston Scientific Corp. (a)............. 690 16,898 C.R. Bard, Inc. ........................ 120 7,910 Covance, Inc. (a)....................... 70 3,399 Cytyc Corp. (a)......................... 130 3,670 Dade Behring Holdings, Inc. ............ 105 4,294 Dentsply International, Inc. ........... 80 4,295 Guidant Corp. .......................... 370 23,958 Henry Schein, Inc. (a).................. 100 4,364 Hillenbrand Industries, Inc. ........... 65 3,212 Johnson & Johnson....................... 3,422 205,662 Kinetic Concepts, Inc. (a).............. 60 2,386 Medtronic, Inc. ........................ 1,392 80,137 St. Jude Medical, Inc. (a).............. 410 20,582 Stryker Corp. .......................... 320 14,218 The Cooper Cos., Inc. .................. 50 2,565 Varian Medical Systems, Inc. (a)........ 157 7,903 Zimmer Holdings, Inc. (a)............... 285 19,220 ----------- 459,126 ----------- HEALTH CARE (SPECIAL SERVICES) -- 0.2% DaVita, Inc. (a)........................ 115 5,824 IMS Health, Inc. ....................... 270 6,728 Laboratory Corp. of America Holdings (a)................................... 155 8,347 Quest Diagnostics, Inc. ................ 180 9,266 ----------- 30,165 ----------- HOMEBUILDING -- 0.4% Centex Corp. ........................... 142 10,152 D.R. Horton, Inc. ...................... 315 11,255 Hovnanian Enterprises, Inc. (a)......... 40 1,986 KB HOME................................. 90 6,539 Lennar Corp. (Class A).................. 155 9,458 NVR, Inc. (a)........................... 5 3,510 Pulte Homes, Inc. ...................... 245 9,643 Ryland Group, Inc. ..................... 55 3,967 Toll Brothers, Inc. (a)................. 125 4,330 ----------- 60,840 ----------- HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.2% Harman International Industries, Inc. ................................. 75 7,339 Leggett & Platt, Inc. .................. 220 5,051 Mohawk Industries, Inc. (a)............. 60 5,219 Whirlpool Corp. ........................ 75 6,282 ----------- 23,891 ----------- HOUSEHOLD PRODUCTS (NON-DURABLE) -- 2.3% Colgate-Palmolive Co. .................. 605 33,184 Energizer Holdings, Inc. (a)............ 80 3,983 Fortune Brands, Inc. ................... 170 13,263 Kimberly-Clark Corp. ................... 555 33,106 Newell Rubbermaid, Inc. ................ 315 7,491 Procter & Gamble Co. ................... 3,887 224,980 The Clorox Co. ......................... 177 10,069 ----------- 326,076 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- INSURANCE (FINANCIAL GUARANTEE) -- 0.3% Ambac Financial Group, Inc. ............ 125 $ 9,632 MBIA, Inc. ............................. 155 9,325 MGIC Investment Corp. .................. 110 7,240 PMI Group, Inc. ........................ 110 4,518 Radian Group, Inc. ..................... 100 5,859 ----------- 36,574 ----------- INSURANCE (LIFE/HEALTH) -- 1.0% AFLAC, Inc. ............................ 580 26,924 CIGNA Corp. ............................ 152 16,978 Conseco, Inc. (a)....................... 175 4,055 Jefferson-Pilot Corp. .................. 155 8,824 Lincoln National Corp. ................. 202 10,712 Nationwide Financial Services, Inc. (Class A)............................. 100 4,400 Principal Financial Group, Inc. ........ 340 16,126 Protective Life Corp. .................. 75 3,283 Prudential Financial, Inc. ............. 600 43,914 Torchmark Corp. ........................ 122 6,783 UnumProvident Corp. .................... 342 7,781 ----------- 149,780 ----------- INSURANCE (MULTI-LINE) -- 2.5% ACE, Ltd. .............................. 330 17,635 American International Group, Inc. ..... 2,625 179,104 Assurant, Inc. ......................... 135 5,871 Cincinnati Financial Corp. ............. 175 7,819 CNA Financial Corp. (a)................. 40 1,309 Genworth Financial, Inc. (Class A)...... 460 15,907 Leucadia National Corp. ................ 95 4,509 Loews Corp. ............................ 145 13,753 MetLife, Inc. .......................... 470 23,030 Old Republic International Corp. ....... 197 5,173 The Allstate Corp. ..................... 775 41,904 The Hartford Financial Services Group, Inc. ................................. 340 29,203 Unitrin, Inc. .......................... 50 2,253 XL Capital, Ltd. (Class A).............. 200 13,476 ----------- 360,946 ----------- INSURANCE (PROPERTY/CASUALTY) -- 0.8% Chubb Corp. ............................ 220 21,483 Fidelity National Financial, Inc. ...... 175 6,438 Fidelity National Title Group, Inc. .... 30 731 First American Corp. ................... 95 4,304 Markel Corp. (a)........................ 10 3,171 SAFECO Corp. ........................... 145 8,192 The Progressive Corp. .................. 200 23,356 The St. Paul Travelers Cos., Inc. ...... 770 34,396 White Mountains Insurance Group, Ltd. ................................. 10 5,585 WR Berkley Corp. ....................... 125 5,952 ----------- 113,608 ----------- INSURANCE BROKERS -- 0.3% Aon Corp. .............................. 300 10,785 Arthur J. Gallagher & Co. .............. 105 3,242 Brown & Brown, Inc. .................... 130 3,970 Marsh & McLennan Cos., Inc. ............ 605 19,215 ----------- 37,212 -----------
See accompanying notes to financial statements. 61 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- INVESTMENT BANKING/BROKERAGE -- 2.0% AG Edwards, Inc. ....................... 90 $ 4,217 Ameritrade Holding Corp. (a)............ 315 7,560 E*TRADE Financial Corp. (a)............. 425 8,866 Goldman Sachs Group, Inc. .............. 475 60,662 Lehman Brothers Holdings, Inc. ......... 320 41,014 Merrill Lynch & Co., Inc. .............. 982 66,511 Morgan Stanley.......................... 1,140 64,684 The Bear Stearns Cos., Inc. ............ 125 14,441 The Charles Schwab Corp. ............... 1,280 18,778 ----------- 286,733 ----------- INVESTMENT MANAGEMENT -- 0.5% Ameriprise Financial, Inc. ............. 255 10,455 BlackRock, Inc. ........................ 15 1,627 Eaton Vance Corp. ...................... 155 4,241 Federated Investors, Inc. .............. 110 4,074 Franklin Resources, Inc. ............... 160 15,042 Janus Capital Group, Inc. .............. 260 4,844 Legg Mason, Inc. ....................... 125 14,961 T. Rowe Price Group, Inc. .............. 150 10,805 ----------- 66,049 ----------- LEISURE TIME (PRODUCTS) -- 0.4% Brunswick Corp. ........................ 110 4,473 Carnival Corp. ......................... 490 26,200 Eastman Kodak Co. ...................... 330 7,722 Hasbro, Inc. ........................... 180 3,632 International Speedway Corp. (Class A).................................... 40 1,916 Mattel, Inc. ........................... 475 7,515 Polaris Industries, Inc. ............... 50 2,510 Royal Caribbean Cruises, Ltd. .......... 150 6,759 ----------- 60,727 ----------- LODGING (HOTELS) -- 0.3% Hilton Hotels Corp. .................... 415 10,006 Marriott International, Inc. (Class A).................................... 220 14,733 Starwood Hotels & Resorts Worldwide, Inc. (Class B)........................ 250 15,965 Wynn Resorts, Ltd. (a).................. 80 4,388 ----------- 45,092 ----------- MACHINERY (DIVERSIFIED) -- 0.8% Caterpillar, Inc. ...................... 785 45,350 Danaher Corp. .......................... 295 16,455 Deere & Co. ............................ 285 19,411 Dover Corp. ............................ 235 9,515 Eaton Corp. ............................ 175 11,741 Graco, Inc. ............................ 80 2,918 Joy Global, Inc. ....................... 135 5,400 ----------- 110,790 ----------- MANUFACTURING (DIVERSIFIED) -- 4.8% 3M Co. ................................. 812 62,930 AMETEK, Inc. ........................... 80 3,403 General Electric Co. ................... 12,209 427,926 Honeywell International, Inc. .......... 900 33,525 Illinois Tool Works, Inc. .............. 290 25,517 Ingersoll-Rand Co., Ltd. (Class A)...... 390 15,744 ITT Industries, Inc. ................... 105 10,796 Johnson Controls, Inc. ................. 220 16,040
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Parker-Hannifin Corp. .................. 140 $ 9,234 Pentair, Inc. .......................... 115 3,970 Roper Industries, Inc. ................. 100 3,951 SPX Corp. .............................. 90 4,119 Textron, Inc. .......................... 130 10,008 Tyco International, Ltd. ............... 2,330 67,244 ----------- 694,407 ----------- MANUFACTURING (SPECIALIZED) -- 0.1% Donaldson Co., Inc. .................... 85 2,703 Jabil Circuit, Inc. (a)................. 205 7,603 Pall Corp. ............................. 145 3,895 Zebra Technologies Corp. (Class A) (a)................................... 85 3,642 ----------- 17,843 ----------- METAL FABRICATORS -- 0.1% Precision Castparts Corp. .............. 150 7,772 ----------- METALS MINING -- 0.4% Alcoa, Inc. ............................ 1,005 29,718 Freeport-McMoRan Copper & Gold, Inc. ... 205 11,029 Phelps Dodge Corp. ..................... 110 15,826 Southern Copper Corp. .................. 40 2,679 ----------- 59,252 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 0.6% El Paso Corp. .......................... 710 8,634 Enterprise Products Partners LP......... 235 5,642 Equitable Resources, Inc. .............. 135 4,953 KeySpan Corp. .......................... 185 6,603 Kinder Morgan, Inc. .................... 116 10,666 NiSource, Inc. ......................... 310 6,467 ONEOK, Inc. ............................ 110 2,929 Questar Corp. .......................... 97 7,343 Sempra Energy........................... 235 10,537 TEPPCO Partners LP...................... 80 2,787 The Williams Cos., Inc. ................ 640 14,829 ----------- 81,390 ----------- OFFICE EQUIPMENT & SUPPLIES -- 0.2% Pitney Bowes, Inc. ..................... 265 11,196 Xerox Corp. (a)......................... 1,097 16,071 ----------- 27,267 ----------- OIL & GAS (DRILLING & EQUIPMENT) -- 1.9% Baker Hughes, Inc. ..................... 385 23,400 BJ Services Co. ........................ 370 13,568 Cooper Cameron Corp. (a)................ 130 5,382 Diamond Offshore Drilling, Inc. ........ 70 4,869 ENSCO International, Inc. .............. 175 7,761 GlobalSantaFe Corp. .................... 250 12,037 Grant Prideco, Inc. (a)................. 140 6,177 Halliburton Co. ........................ 580 35,937 Nabors Industries, Ltd. (a)............. 180 13,635 National-Oilwell Varco, Inc. (a)........ 200 12,540 Noble Corp. ............................ 150 10,581 Patterson-UTI Energy, Inc. ............. 190 6,261 Pride International, Inc. (a)........... 180 5,535 Rowan Cos., Inc. ....................... 125 4,455 Schlumberger, Ltd. ..................... 680 66,062 Smith International, Inc. .............. 245 9,092
See accompanying notes to financial statements. 62 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Transocean, Inc. (a).................... 370 $ 25,785 Weatherford International, Ltd. (a)..... 380 13,756 ----------- 276,833 ----------- OIL & GAS (EXPLORATION/PRODUCTS) -- 1.7% Anadarko Petroleum Corp. ............... 260 24,635 Apache Corp. ........................... 377 25,832 Burlington Resources, Inc. ............. 445 38,359 Chesapeake Energy Corp. ................ 360 11,423 Devon Energy Corp. ..................... 512 32,020 EOG Resources, Inc. .................... 275 20,177 Kerr-McGee Corp. ....................... 120 10,903 Murphy Oil Corp. ....................... 200 10,798 Newfield Exploration Co. (a)............ 145 7,260 Noble Energy, Inc. ..................... 200 8,060 Pioneer Natural Resources Co. .......... 165 8,459 Plains Exploration & Production Co. (a)................................... 90 3,576 Pogo Producing Co. ..................... 65 3,238 Southwestern Energy Co. (a)............. 190 6,829 Ultra Petroleum Corp. (a)............... 175 9,765 XTO Energy, Inc. ....................... 400 17,576 ----------- 238,910 ----------- OIL & GAS (REFINING & MARKETING) -- 0.0% (C) Tesoro Petroleum Corp. ................. 75 4,616 ----------- OIL (INTEGRATED) -- 5.3% Amerada Hess Corp. ..................... 95 12,048 Chevron Corp. .......................... 2,592 147,148 ConocoPhillips.......................... 1,460 84,942 Exxon Mobil Corp. ...................... 7,329 411,670 Marathon Oil Corp. ..................... 420 25,607 Occidental Petroleum Corp. ............. 460 36,745 Sunoco, Inc. ........................... 160 12,541 Valero Energy Corp. .................... 700 36,120 ----------- 766,821 ----------- PAPER & FOREST PRODUCTS -- 0.1% Weyerhaeuser Co. ....................... 275 18,243 ----------- PAPER & RELATED PRODUCTS -- 0.3% International Paper Co. ................ 565 18,990 Louisiana-Pacific Corp. ................ 120 3,296 MeadWestvaco Corp. ..................... 235 6,587 Smurfit-Stone Container Corp. (a)....... 290 4,109 Temple-Inland, Inc. .................... 130 5,831 ----------- 38,813 ----------- PERSONAL & HOUSEHOLD GOODS -- 0.2% Alberto-Culver Co. ..................... 95 4,346 Avon Products, Inc. .................... 540 15,417 The Estee Lauder Cos., Inc. (Class A)... 155 5,190 ----------- 24,953 ----------- POWER PRODUCERS (INDEPENDENT) -- 0.1% NRG Energy, Inc. (a).................... 100 4,712 Reliant Energy, Inc. (a)................ 345 3,560 ----------- 8,272 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- PUBLISHING -- 0.2% Dex Media, Inc. ........................ 130 $ 3,521 Meredith Corp. ......................... 55 2,879 The McGraw-Hill Cos., Inc. ............. 430 22,201 ----------- 28,601 ----------- PUBLISHING (NEWSPAPERS) -- 0.3% Gannett Co., Inc. ...................... 285 17,262 Knight Ridder, Inc. .................... 90 5,697 The New York Times Co. (Class A)........ 170 4,497 The Washington Post Co. ................ 5 3,825 Tribune Co. ............................ 240 7,262 ----------- 38,543 ----------- RAILROADS -- 0.6% Burlington Northern Santa Fe Corp. ..... 435 30,807 CSX Corp. .............................. 245 12,438 Norfolk Southern Corp. ................. 460 20,622 Union Pacific Corp. .................... 300 24,153 ----------- 88,020 ----------- REAL ESTATE INVESTMENT TRUST -- 1.4% AMB Property Corp. ..................... 95 4,671 Apartment Investment & Management Co. (Class A)............................. 110 4,166 Archstone-Smith Trust................... 230 9,635 Avalonbay Communities, Inc. ............ 85 7,586 Boston Properties, Inc. ................ 125 9,266 Developers Diversified Realty Corp. .... 125 5,877 Duke Realty Corp. ...................... 165 5,511 Equity Office Properties Trust.......... 470 14,255 Equity Residential...................... 322 12,597 Forest City Enterprises, Inc. .......... 70 2,655 General Growth Properties, Inc. ........ 255 11,982 Health Care Property Investors Inc. .... 155 3,962 Hospitality Properties Trust............ 75 3,008 Host Marriott Corp. .................... 375 7,106 iStar Financial, Inc. .................. 130 4,634 Kimco Realty Corp. ..................... 245 7,860 Liberty Property Trust.................. 97 4,156 Macerich Co. ........................... 70 4,700 Mack-Cali Realty Corp. ................. 70 3,024 Mills Corp. ............................ 60 2,516 New Plan Excel Realty Trust............. 120 2,782 Plum Creek Timber Co., Inc. ............ 210 7,570 ProLogis................................ 275 12,848 Public Storage, Inc. ................... 100 6,772 Regency Centers Corp. .................. 70 4,127 Simon Property Group, Inc. ............. 255 19,541 The St. Joe Co. ........................ 80 5,378 United Dominion Realty Trust, Inc. ..... 152 3,563 Vornado Realty Trust.................... 150 12,520 Weingarten Realty Investors............. 90 3,403 ----------- 207,671 ----------- REINSURANCE -- 0.7% Berkshire Hathaway, Inc. (Class A) (a)................................... 1 88,620 Everest Re Group, Ltd. ................. 65 6,523 ----------- 95,143 -----------
See accompanying notes to financial statements. 63 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RESTAURANTS -- 0.8% Brinker International, Inc. ............ 100 $ 3,866 Darden Restaurants, Inc. ............... 170 6,609 McDonald's Corp. ....................... 1,460 49,231 Outback Steakhouse, Inc. ............... 85 3,537 Starbucks Corp. (a)..................... 920 27,609 Wendy's International, Inc. ............ 130 7,184 Yum! Brands, Inc. ...................... 335 15,705 ----------- 113,741 ----------- RETAIL -- 0.3% Albertson's, Inc. ...................... 365 7,793 Safeway, Inc. .......................... 515 12,185 The Kroger Co. (a)...................... 840 15,859 Whole Foods Market, Inc. ............... 150 11,608 ----------- 47,445 ----------- RETAIL (BUILDING SUPPLIES) -- 1.1% Lowe's Cos., Inc. ...................... 807 53,795 The Home Depot, Inc. ................... 2,470 99,985 The Sherwin-Williams Co. ............... 135 6,132 ----------- 159,912 ----------- RETAIL (COMPUTERS & ELECTRONICS) -- 0.2% Best Buy Co,. Inc. ..................... 457 19,870 Circuit City Stores, Inc. .............. 220 4,970 RadioShack Corp. ....................... 155 3,260 ----------- 28,100 ----------- RETAIL (DEPARTMENT STORES) -- 0.4% Federated Department Stores, Inc. ...... 305 20,231 J. C. Penney Co., Inc. ................. 275 15,290 Kohl's Corp. (a)........................ 350 17,010 Nordstrom, Inc. ........................ 265 9,911 ----------- 62,442 ----------- RETAIL (DISCOUNTERS) -- 0.3% Costco Wholesale Corp. ................. 530 26,219 Dollar General Corp. ................... 342 6,522 Dollar Tree Stores, Inc. (a)............ 125 2,993 Family Dollar Stores, Inc. ............. 180 4,462 ----------- 40,196 ----------- RETAIL (GENERAL MERCHANDISING CHAIN) -- 1.4% Sears Holdings Corp. (a)................ 115 13,286 Target Corp. ........................... 925 50,847 Wal-Mart Stores, Inc. .................. 2,972 139,090 ----------- 203,223 ----------- RETAIL (SPECIALTY APPAREL) -- 0.5% Abercrombie & Fitch Co. ................ 100 6,518 American Eagle Outfitters, Inc. ........ 140 3,217 Chico's FAS, Inc. (a)................... 205 9,006 Foot Locker, Inc. ...................... 180 4,246 Limited Brands.......................... 395 8,828 Ross Stores, Inc. ...................... 170 4,913 The Gap, Inc. .......................... 735 12,965 The TJX Cos., Inc. ..................... 555 12,893 Urban Outfitters, Inc. (a).............. 132 3,341 ----------- 65,927 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RETAIL (SPECIALTY) -- 0.7% Advance Auto Parts, Inc. (a)............ 130 $ 5,650 Amazon.com, Inc. (a).................... 342 16,125 AutoNation, Inc. (a).................... 225 4,889 AutoZone, Inc. (a)...................... 65 5,964 Barnes & Noble, Inc. ................... 65 2,774 Bed Bath & Beyond, Inc. (a)............. 345 12,472 CarMax, Inc. (a)........................ 120 3,322 Michaels Stores, Inc. .................. 155 5,482 O'Reilly Automotive, Inc. (a)........... 130 4,161 Office Depot, Inc. (a).................. 360 11,304 PETsMART, Inc. ......................... 165 4,234 Staples, Inc. .......................... 855 19,417 Tiffany & Co. .......................... 167 6,394 Williams-Sonoma, Inc. (a)............... 105 4,531 ----------- 106,719 ----------- RETAIL STORES (DRUG STORE) -- 0.7% Caremark Rx, Inc. (a)................... 525 27,190 CVS Corp. .............................. 932 24,623 Walgreen Co. ........................... 1,177 52,094 ----------- 103,907 ----------- SAVINGS & LOAN COMPANIES -- 0.7% Astoria Financial Corp. ................ 115 3,381 Golden West Financial Corp. ............ 352 23,232 Hudson City Bancorp, Inc. .............. 690 8,363 Independence Community Bank Corp. ...... 90 3,576 New York Community Bancorp, Inc. ....... 275 4,543 People's Bank........................... 70 2,174 Sovereign Bancorp, Inc. ................ 430 9,297 Washington Mutual, Inc. ................ 1,147 49,894 ----------- 104,460 ----------- SERVICES (ADVERTISING/MARKETING) -- 0.2% Clear Channel Outdoor Holdings, Inc. (a)................................... 40 802 Getty Images, Inc. (a).................. 55 4,910 Lamar Advertising Co. (a)............... 95 4,383 Omnicom Group, Inc. .................... 210 17,878 The Interpublic Group of Cos., Inc. (a)................................... 485 4,680 ----------- 32,653 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 1.2% Accenture, Ltd. (Class A)............... 630 18,188 Apollo Group, Inc. (a).................. 175 10,580 Aramark Corp. .......................... 135 3,750 Avery Dennison Corp. ................... 110 6,080 Career Education Corp. (a).............. 120 4,046 CCE Spinco, Inc (a)..................... 73 956 Cendant Corp. .......................... 1,212 20,907 Checkfree Corp. (a)..................... 75 3,443 ChoicePoint, Inc. (a)................... 100 4,451 Cintas Corp. ........................... 160 6,589 Equifax, Inc. .......................... 155 5,893 Fastenal Co. ........................... 160 6,270 H&R Block, Inc. ........................ 352 8,642 Ingram Micro, Inc. (Class A) (a)........ 145 2,890 Iron Mountain, Inc. (a)................. 125 5,278 Moody's Corp. .......................... 295 18,119 Paychex, Inc. .......................... 390 14,867 R.R. Donnelley & Sons Co. .............. 250 8,553
See accompanying notes to financial statements. 64 STREETTRACKS DJ WILSHIRE LARGE CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Sabre Holdings Corp.(Class A)........... 160 $ 3,858 The Service Master Co. ................. 335 4,003 VeriSign, Inc. (a)...................... 295 6,466 Weight Watchers International, Inc. (a)................................... 45 2,224 ----------- 166,053 ----------- SERVICES (COMPUTER SYSTEMS) -- 0.2% Cognizant Technology Solutions Corp. (a)................................... 155 7,804 Computer Sciences Corp. (a)............. 215 10,888 Electronic Data Systems Corp. .......... 585 14,063 ----------- 32,755 ----------- SERVICES (DATA PROCESSING) -- 0.6% Automatic Data Processing, Inc. ........ 670 30,746 Dun & Bradstreet Corp. (a).............. 80 5,357 First Data Corp. ....................... 905 38,924 Fiserv, Inc. (a)........................ 225 9,736 NAVTEQ Corp. (a)........................ 105 4,606 Total System Services, Inc. ............ 45 891 ----------- 90,260 ----------- SERVICES (EMPLOYMENT) -- 0.1% Manpower, Inc. ......................... 105 4,883 Monster Worldwide, Inc. (a)............. 125 5,102 Robert Half International, Inc. ........ 200 7,578 ----------- 17,563 ----------- STEEL -- 0.1% Nucor Corp. ............................ 165 11,009 United States Steel Corp. .............. 130 6,249 ----------- 17,258 ----------- TELEPHONE -- 2.8% ALLTEL Corp. ........................... 410 25,871 AT&T, Inc. ............................. 4,520 110,696 BellSouth Corp. ........................ 2,110 57,181 CenturyTel, Inc. ....................... 145 4,808 Citizens Communications Co. ............ 385 4,709 MCI, Inc. .............................. 325 6,412 NTL, Inc. (a)........................... 90 6,127 Qwest Communications International, Inc. (a)................................... 1,710 9,661 Sprint Nextel Corp. .................... 3,377 78,887 Telephone & Data Systems, Inc. ......... 120 4,324 Verizon Communications, Inc. ........... 3,185 95,932 ----------- 404,608 ----------- TEXTILES (APPAREL) -- 0.2% Coach, Inc. (a)......................... 440 14,669 Jones Apparel Group, Inc. .............. 140 4,301 Liz Claiborne, Inc. .................... 125 4,477 Polo Ralph Lauren Corp. ................ 70 3,930 V. F. Corp. ............................ 105 5,811 ----------- 33,188 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TOBACCO -- 1.4% Altria Group, Inc. ..................... 2,385 $ 178,207 Reynolds American, Inc. ................ 100 9,533 UST, Inc. .............................. 190 7,758 ----------- 195,498 ----------- TRANSPORTATION -- 0.1% Expeditors International Washington, Inc. ................................. 125 8,439 ----------- TRUCKING -- 0.7% C.H. Robinson Worldwide, Inc. .......... 195 7,221 FedEx Corp. ............................ 325 33,602 J.B. Hunt Transport Services, Inc. ..... 145 3,283 United Parcel Service, Inc. (Class B)... 660 49,599 YRC Worldwide, Inc (a).................. 65 2,899 ----------- 96,604 ----------- TRUCKS & PARTS -- 0.1% Cummins, Inc. .......................... 45 4,038 Navistar International Corp. (a)........ 70 2,003 PACCAR, Inc. ........................... 200 13,846 ----------- 19,887 ----------- WASTE MANAGEMENT -- 0.2% Republic Services, Inc. ................ 140 5,257 Waste Management, Inc. ................. 655 19,879 ----------- 25,136 ----------- TOTAL COMMON STOCKS -- (Cost $14,157,127).......................... 14,328,740 ----------- SHORT TERM INVESTMENTS -- 0.2% MONEY MARKET FUND -- 0.2% AIM Short Term Investment Class Prime Fund (Cost $26,077)................... 26,077 26,077 ----------- TOTAL INVESTMENTS -- 99.9% (Cost $14,183,204).................... 14,354,817 OTHER ASSETS AND LIABILITIES -- 0.1% 13,975 ----------- NET ASSETS -- 100.0%.................... $14,368,792 =========== (a) Non-income producing security (b) Affiliated Issuer (Note 3) (c) Amount shown represents less than 0.005% of net assets.
See accompanying notes to financial statements. 65 STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.8% AEROSPACE/DEFENSE -- 2.2% Alliant Techsystems, Inc. (a)........ 904 $ 68,858 General Dynamics Corp. .............. 4,030 459,622 L-3 Communications Holdings, Inc. ... 2,812 209,072 Lockheed Martin Corp. ............... 8,385 533,538 Raytheon Co. ........................ 10,872 436,511 Rockwell Collins, Inc. .............. 3,873 179,978 United Technologies Corp. ........... 22,750 1,271,952 ------------ 3,159,531 ------------ AIRLINES -- 0.2% Southwest Airlines Co. .............. 17,086 280,723 ------------ AUTO PARTS & EQUIPMENT -- 0.1% BorgWarner, Inc. .................... 1,337 81,062 Gentex Corp. ........................ 3,735 72,833 ------------ 153,895 ------------ AUTOMOBILES & PARTS -- 0.2% Harley-Davidson, Inc. ............... 6,590 339,319 ------------ BANKS (MAJOR REGIONAL) -- 0.9% U.S. Bancorp......................... 43,963 1,314,054 ------------ BANKS (REGIONAL) -- 0.1% Commerce Bancorp, Inc. .............. 3,854 132,616 ------------ BEVERAGES (ALCOHOLIC) -- 0.6% Anheuser-Busch Cos., Inc. ........... 18,737 804,941 Constellation Brands, Inc. (Class A) (a)................................ 4,620 121,183 ------------ 926,124 ------------ BEVERAGES (NON-ALCOHOLIC) -- 1.7% PepsiCo, Inc. ....................... 40,186 2,374,189 The Pepsi Bottling Group, Inc. ...... 3,716 106,315 ------------ 2,480,504 ------------ BIOTECHNOLOGY -- 4.0% Amgen, Inc. (a)...................... 29,913 2,358,939 Biogen Idec, Inc. (a)................ 8,157 369,757 Celgene Corp. (a).................... 3,992 258,682 Charles River Laboratories International, Inc. (a)............ 1,770 74,995 Chiron Corp. (a)..................... 2,655 118,041 Genentech, Inc. (a).................. 11,205 1,036,462 Genzyme Corp. (a).................... 6,250 442,375 Gilead Sciences, Inc. (a)............ 10,972 577,456 ImClone Systems, Inc. (a)............ 1,632 55,880 Invitrogen Corp. (a)................. 1,318 87,832 MedImmune, Inc. (a).................. 5,957 208,614 Millennium Pharmaceuticals, Inc. (a)................................ 7,432 72,090 Millipore Corp. (a).................. 1,199 79,182 ------------ 5,740,305 ------------ BROADCASTING (TV, RADIO & CABLE) -- 3.2% Cablevision Systems New York Group (Class A) (a)...................... 4,305 101,038 Clear Channel Communications, Inc. .............................. 11,815 371,582 Comcast Corp. (Class A) (a).......... 49,581 1,287,123 EchoStar Communications Corp. (Class A) (a)............................. 5,210 141,556 EW Scripps Co. ...................... 1,965 94,359 Liberty Global, Inc. (Class A) (a)... 11,443 257,468
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Liberty Media Corp. (a).............. 67,414 $ 530,548 News Corp. (Class A)................. 59,388 923,483 Sirius Satellite Radio, Inc. (a)..... 28,962 194,045 The DIRECTV Group, Inc. (a).......... 22,139 312,603 Univision Communications, Inc. (a)... 6,114 179,691 XM Satellite Radio Holdings, Inc. (Class A)(a)....................... 5,348 145,893 ------------ 4,539,389 ------------ BUILDING MATERIALS -- 0.1% American Standard Cos., Inc. ........ 4,325 172,784 ------------ CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.5% American Tower Corp. (a)............. 9,673 262,138 Crown Castle International Corp. (a)................................ 5,486 147,628 Nextel Partners, Inc. (a)............ 3,704 103,490 NII Holdings, Inc. (a)............... 3,321 145,061 US Cellular Corp. (a)................ 314 15,512 ------------ 673,829 ------------ CHEMICALS (DIVERSIFIED) -- 0.6% Monsanto Co. ........................ 6,426 498,208 Praxair, Inc. ....................... 7,865 416,530 ------------ 914,738 ------------ CHEMICALS (SPECIALTY) -- 0.3% Bunge, Ltd. ......................... 2,674 151,375 Ecolab, Inc. ........................ 4,463 161,873 Sigma-Aldrich Corp. ................. 1,475 93,353 The Mosaic Co. (a)................... 3,088 45,177 ------------ 451,778 ------------ COAL -- 0.3% Arch Coal, Inc. ..................... 1,494 118,773 Peabody Energy Corp. ................ 3,126 257,645 ------------ 376,418 ------------ COMMUNICATIONS EQUIPMENT -- 1.9% Avaya, Inc. (a)...................... 10,853 115,801 Corning, Inc. (a).................... 36,707 721,660 QUALCOMM, Inc. ...................... 39,644 1,707,863 Scientific-Atlanta, Inc. ............ 3,697 159,230 ------------ 2,704,554 ------------ COMPUTER SOFTWARE/SERVICES -- 9.4% Activision, Inc. (a)................. 6,409 88,060 Adobe Systems, Inc. ................. 14,529 536,992 Affiliated Computer Services, Inc. (a)................................ 2,969 175,705 Autodesk, Inc. ...................... 5,524 237,256 BEA Systems, Inc. (a)................ 9,358 87,965 Ceridian Corp. (a)................... 3,578 88,913 Citrix Systems, Inc. (a)............. 4,030 115,983 Diebold, Inc. ....................... 1,770 67,260 DST Systems, Inc. (a)................ 1,494 89,506 eBay, Inc. (a)....................... 25,152 1,087,824 Electronic Arts, Inc. (a)............ 7,229 378,149 Expedia, Inc. (a).................... 6,963 166,834 Google, Inc. (a)..................... 4,855 2,014,145 IAC/InterActiveCorp (a).............. 6,963 197,123 Intuit, Inc. (a)..................... 3,958 210,961 McAfee, Inc. (a)..................... 4,035 109,470 Mercury Interactive Corp. (a)........ 2,065 57,386
See accompanying notes to financial statements. 66 STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Microsoft Corp. ..................... 229,121 $ 5,991,514 Pixar (a)............................ 1,356 71,488 Symantec Corp. (a)................... 28,796 503,930 Yahoo!, Inc. (a)..................... 32,058 1,256,033 ------------ 13,532,497 ------------ COMPUTERS (HARDWARE) -- 4.3% Apple Computer, Inc. (a)............. 20,257 1,456,276 Dell, Inc. (a)....................... 52,732 1,581,433 International Business Machines Corp. ............................. 38,616 3,174,235 ------------ 6,211,944 ------------ COMPUTERS (NETWORKING) -- 2.1% Cisco Systems, Inc. (a).............. 159,416 2,729,202 Juniper Networks, Inc. (a)........... 13,143 293,089 ------------ 3,022,291 ------------ COMPUTERS (PERIPHERALS) -- 1.0% EMC Corp. (a)........................ 57,521 783,436 Lexmark International, Inc. (a)...... 2,882 129,200 Network Appliance, Inc. (a).......... 8,809 237,843 SanDisk Corp. (a).................... 4,325 271,697 ------------ 1,422,176 ------------ CONSUMER FINANCE -- 1.9% American Express Co. ................ 26,646 1,371,203 AmeriCredit Corp. (a)................ 3,559 91,217 Capital One Financial Corp. ......... 7,183 620,611 MBNA Corp. .......................... 3,000 81,450 SLM Corp. ........................... 10,172 560,376 Student Loan Corp. .................. 138 28,874 ------------ 2,753,731 ------------ CONTAINERS (METALS & GLASS) -- 0.1% Ball Corp. .......................... 2,498 99,220 Crown Holdings, Inc. (a)............. 4,011 78,335 ------------ 177,555 ------------ CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.1% Pactiv Corp. (a)..................... 3,597 79,134 ------------ DISTRIBUTORS (FOOD & HEALTH) -- 1.3% AmerisourceBergen Corp. ............. 5,072 209,981 Cardinal Health, Inc. ............... 10,412 715,825 McKesson Corp. ...................... 6,744 347,923 Patterson Cos., Inc. (a)............. 2,812 93,921 Sysco Corp. ......................... 14,886 462,210 ------------ 1,829,860 ------------ ELECTRIC UTILITIES -- 0.2% The AES Corp. (a).................... 15,630 247,423 ------------ ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.2% CDW Corp. ........................... 1,613 92,860 Jabil Circuit, Inc. (a).............. 4,306 159,710 Sanmina-SCI Corp. (a)................ 12,623 53,774 ------------ 306,344 ------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- ELECTRONICS (INSTRUMENT) -- 0.4% Amphenol Corp. (Class A)............. 2,084 $ 92,238 Fisher Scientific International, Inc. (a)................................ 3,012 186,322 Garmin, Ltd. ........................ 1,356 89,971 Thermo Electron Corp. (a)............ 3,873 116,693 Waters Corp. (a)..................... 2,831 107,012 ------------ 592,236 ------------ ELECTRONICS (SEMICONDUCTORS) -- 2.7% Altera Corp. (a)..................... 8,945 165,751 Analog Devices, Inc. ................ 9,010 323,189 Broadcom Corp. (Class A) (a)......... 6,546 308,644 International Rectifier Corp. (a).... 1,632 52,061 Linear Technology Corp. ............. 7,425 267,820 Marvell Technology Group, Ltd. (a)... 5,362 300,754 Maxim Integrated Products, Inc. ..... 7,886 285,788 Microchip Technology, Inc. .......... 4,934 158,628 National Semiconductor Corp. ........ 8,455 219,661 NVIDIA Corp. (a)..................... 3,873 141,597 QLogic Corp. (a)..................... 2,084 67,751 Texas Instruments, Inc. ............. 41,038 1,316,089 Xilinx, Inc. ........................ 8,416 212,167 ------------ 3,819,900 ------------ ENGINEERING & CONSTRUCTION -- 0.2% Fluor Corp. ......................... 2,065 159,542 Jacobs Engineering Group, Inc. (a)... 1,337 90,742 ------------ 250,284 ------------ ENTERTAINMENT -- 1.3% Time Warner, Inc. ................... 106,246 1,852,930 ------------ EQUIPMENT (SEMICONDUCTORS) -- 0.8% Applied Materials, Inc. ............. 39,005 699,750 KLA-Tencor Corp. .................... 4,751 234,367 Lam Research Corp. (a)............... 3,402 121,383 Novellus Systems, Inc. (a)........... 3,402 82,056 ------------ 1,137,556 ------------ FINANCIAL (DIVERSIFIED) -- 0.9% Chicago Mercantile Exchange Holdings, Inc. .............................. 650 238,869 Countrywide Financial Corp. ......... 14,293 488,678 SEI Investments Co. ................. 1,651 61,087 State Street Corp. (b)............... 7,860 435,758 ------------ 1,224,392 ------------ FOOD PRODUCTS -- 0.4% Dean Foods Co. (a)................... 3,578 134,747 The Hershey Co. ..................... 4,190 231,498 Wm. Wrigley Jr., Co. ................ 3,444 228,992 ------------ 595,237 ------------ FOOTWEAR -- 0.2% NIKE, Inc. (Class B)................. 4,082 354,277 ------------ GAMING & LOTTERY -- 0.7% Boyd Gaming Corp. ................... 1,061 50,567 GTECH Holdings Corp. (a)............. 2,831 89,856 Harrah's Entertainment, Inc. ........ 4,400 313,676 International Game Technology........ 8,330 256,398 Las Vegas Sands Corp. (a)............ 2,996 118,252 MGM Mirage, Inc. (a)................. 2,999 109,973
See accompanying notes to financial statements. 67 STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Penn National Gaming, Inc. (a)....... 1,494 $ 49,227 Station Casinos, Inc. ............... 1,180 80,004 ------------ 1,067,953 ------------ GOLD/PRECIOUS METALS MINING -- 0.4% Newmont Mining Corp. ................ 10,077 538,112 ------------ HAND/MACHINE TOOLS -- 0.1% Black & Decker Corp. ................ 1,946 169,224 ------------ HEALTH CARE (DIVERSIFIED) -- 0.4% Baxter International, Inc. .......... 14,902 561,060 ------------ HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 1.7% Allergan, Inc. ...................... 3,225 348,171 Barr Pharmaceuticals, Inc. (a)....... 2,203 137,225 Cephalon, Inc. (a)................... 1,356 87,787 Endo Pharmaceuticals Holdings, Inc. (a)................................ 2,660 80,492 Forest Laboratories, Inc. (a)........ 8,450 343,746 Hospira, Inc. (a).................... 3,735 159,783 IVAX Corp. (a)....................... 5,363 168,023 King Pharmaceuticals, Inc. (a)....... 5,819 98,457 Mylan Laboratories, Inc. ............ 5,229 104,371 Schering-Plough Corp. ............... 35,565 741,530 Sepracor, Inc. (a)................... 2,536 130,858 Watson Pharmaceuticals, Inc. (a)..... 2,674 86,932 ------------ 2,487,375 ------------ HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.6% Community Health Systems, Inc. (a)... 2,084 79,901 HCA, Inc. ........................... 10,172 513,686 Health Management Associates, Inc. .............................. 5,524 121,307 Triad Hospitals, Inc. (a)............ 2,084 81,755 Universal Health Services, Inc. (Class B).......................... 1,337 62,491 ------------ 859,140 ------------ HEALTH CARE (MANAGED CARE) -- 3.8% Aetna, Inc. ......................... 6,930 653,568 Coventry Health Care, Inc. (a)....... 3,854 219,524 Express Scripts, Inc. (Class A) (a)................................ 2,988 250,395 Health Net, Inc. (a)................. 2,693 138,824 Humana, Inc. (a)..................... 3,873 210,420 Lincare Holdings, Inc. (a)........... 2,398 100,500 Manor Care, Inc. .................... 2,084 82,881 Medco Health Solutions, Inc. (a)..... 7,299 407,284 Omnicare, Inc. ...................... 2,917 166,911 UnitedHealth Group, Inc. ............ 33,039 2,053,068 WellPoint, Inc. (a).................. 15,135 1,207,603 ------------ 5,490,978 ------------ HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 6.7% Bausch & Lomb, Inc. ................. 1,318 89,492 Beckman Coulter, Inc. ............... 1,494 85,009 Becton, Dickinson & Co. ............. 5,739 344,799 Biomet, Inc. ........................ 5,578 203,987 Boston Scientific Corp. (a).......... 14,398 352,607 C.R. Bard, Inc. ..................... 2,536 167,173 Covance, Inc. (a).................... 1,494 72,534 Cytyc Corp. (a)...................... 2,693 76,023 Dade Behring Holdings, Inc. ......... 2,103 85,992 Dentsply International, Inc. ........ 1,770 95,031 Guidant Corp. ....................... 8,010 518,648 Henry Schein, Inc. (a)............... 2,084 90,946
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Johnson & Johnson.................... 71,898 $ 4,321,070 Kinetic Concepts, Inc. (a)........... 1,199 47,672 Medtronic, Inc. ..................... 29,187 1,680,296 St. Jude Medical, Inc. (a)........... 8,832 443,366 Stryker Corp. ....................... 6,693 297,370 The Cooper Cos., Inc. ............... 1,042 53,455 Varian Medical Systems, Inc. (a)..... 3,283 165,266 Zimmer Holdings, Inc. (a)............ 5,925 399,582 ------------ 9,590,318 ------------ HEALTH CARE (SPECIAL SERVICES) -- 0.4% DaVita, Inc. (a)..................... 2,398 121,435 IMS Health, Inc. .................... 5,643 140,624 Laboratory Corp. of America Holdings (a)................................ 3,264 175,766 Quest Diagnostics, Inc. ............. 3,735 192,278 ------------ 630,103 ------------ HOMEBUILDING -- 0.9% Centex Corp. ........................ 3,069 219,403 D.R. Horton, Inc. ................... 6,566 234,603 Hovnanian Enterprises, Inc. (a)...... 885 43,931 KB HOME.............................. 1,808 131,369 Lennar Corp. (Class A)............... 3,264 199,169 NVR, Inc. (a)........................ 138 96,876 Pulte Homes, Inc. ................... 5,191 204,318 Ryland Group, Inc. .................. 1,180 85,114 Toll Brothers, Inc. (a).............. 2,655 91,969 ------------ 1,306,752 ------------ HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.2% Harman International Industries, Inc. .............................. 1,513 148,047 Mohawk Industries, Inc. (a).......... 1,318 114,640 ------------ 262,687 ------------ HOUSEHOLD PRODUCTS (NON-DURABLE) -- 4.2% Colgate-Palmolive Co. ............... 12,606 691,439 Energizer Holdings, Inc. (a)......... 1,651 82,203 Fortune Brands, Inc. ................ 3,476 271,198 Procter & Gamble Co. ................ 82,541 4,777,473 The Clorox Co. ...................... 3,723 211,802 ------------ 6,034,115 ------------ INSURANCE (LIFE/HEALTH) -- 1.2% AFLAC, Inc. ......................... 12,081 560,800 Principal Financial Group, Inc. ..... 6,718 318,635 Prudential Financial, Inc. .......... 12,523 916,558 ------------ 1,795,993 ------------ INSURANCE (PROPERTY/CASUALTY) -- 0.7% Fidelity National Financial, Inc. ... 3,716 136,712 Fidelity National Title Group, Inc. .............................. 609 14,829 First American Corp. ................ 2,065 93,544 Markel Corp. (a)..................... 224 71,019 The Progressive Corp. ............... 4,152 484,871 White Mountains Insurance Group, Ltd. .............................. 185 103,332 WR Berkley Corp. .................... 2,674 127,336 ------------ 1,031,643 ------------ INSURANCE BROKERS -- 0.1% Brown & Brown, Inc. ................. 2,680 81,847 ------------
See accompanying notes to financial statements. 68 STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- INVESTMENT BANKING/BROKERAGE -- 0.2% Ameritrade Holding Corp. (a)......... 6,566 $ 157,584 E*TRADE Financial Corp. (a).......... 8,926 186,196 ------------ 343,780 ------------ INVESTMENT MANAGEMENT -- 0.7% Ameriprise Financial, Inc. .......... 5,355 219,555 BlackRock, Inc. ..................... 314 34,063 Eaton Vance Corp. ................... 3,245 88,783 Franklin Resources, Inc. ............ 3,438 323,206 Legg Mason, Inc. .................... 2,684 321,248 ------------ 986,855 ------------ LEISURE TIME (PRODUCTS) -- 0.1% International Speedway Corp. (Class A)................................. 866 41,481 Polaris Industries, Inc. ............ 1,042 52,309 ------------ 93,790 ------------ LODGING (HOTELS) -- 0.7% Hilton Hotels Corp. ................. 8,750 210,963 Marriott International, Inc. (Class A)................................. 4,526 303,106 Starwood Hotels & Resorts Worldwide, Inc. (Class B)..................... 5,269 336,478 Wynn Resorts, Ltd. (a)............... 1,651 90,557 ------------ 941,104 ------------ MACHINERY (DIVERSIFIED) -- 0.4% Danaher Corp. ....................... 6,195 345,557 Graco, Inc. ......................... 1,651 60,229 Joy Global, Inc. .................... 2,862 114,480 ------------ 520,266 ------------ MANUFACTURING (DIVERSIFIED) -- 1.6% 3M Co. .............................. 17,007 1,318,042 AMETEK, Inc. ........................ 1,651 70,234 Illinois Tool Works, Inc. ........... 6,005 528,380 ITT Industries, Inc. ................ 2,222 228,466 Roper Industries, Inc. .............. 2,084 82,339 ------------ 2,227,461 ------------ MANUFACTURING (SPECIALIZED) -- 0.1% Donaldson Co., Inc. ................. 1,770 56,286 Zebra Technologies Corp. (Class A) (a)................................ 1,770 75,845 ------------ 132,131 ------------ METAL FABRICATORS -- 0.1% Precision Castparts Corp. ........... 3,126 161,958 ------------ METALS MINING -- 0.2% Freeport-McMoRan Copper & Gold, Inc. .............................. 4,325 232,685 ------------ NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 0.3% Equitable Resources, Inc. ........... 2,812 103,172 Kinder Morgan, Inc. ................. 2,589 238,059 Questar Corp. ....................... 2,065 156,320 ------------ 497,551 ------------ OIL & GAS (DRILLING & EQUIPMENT) -- 4.1% Baker Hughes, Inc. .................. 8,233 500,402 BJ Services Co. ..................... 7,746 284,046 Cooper Cameron Corp. (a)............. 2,774 114,844 Diamond Offshore Drilling, Inc. ..... 1,475 102,601 ENSCO International, Inc. ........... 3,697 163,962
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- GlobalSantaFe Corp. ................. 5,229 $ 251,776 Grant Prideco, Inc. (a).............. 2,969 130,992 Halliburton Co. ..................... 12,330 763,967 Nabors Industries, Ltd. (a).......... 3,854 291,940 National-Oilwell Varco, Inc. (a)..... 4,168 261,334 Noble Corp. ......................... 3,145 221,848 Patterson-UTI Energy, Inc. .......... 4,011 132,162 Pride International, Inc. (a)........ 3,854 118,511 Rowan Cos., Inc. .................... 2,536 90,383 Schlumberger, Ltd. .................. 14,209 1,380,404 Smith International, Inc. ........... 5,072 188,222 Transocean, Inc. (a)................. 7,907 551,039 Weatherford International, Ltd. (a)................................ 8,420 304,804 ------------ 5,853,237 ------------ OIL & GAS (EXPLORATION/PRODUCTS) -- 3.2% Anadarko Petroleum Corp. ............ 5,367 508,523 Apache Corp. ........................ 7,884 540,212 Burlington Resources, Inc. .......... 9,059 780,886 Chesapeake Energy Corp. ............. 8,151 258,631 Devon Energy Corp. .................. 10,715 670,116 EOG Resources, Inc. ................. 5,785 424,445 Murphy Oil Corp. .................... 4,187 226,056 Newfield Exploration Co. (a)......... 3,007 150,561 Pioneer Natural Resources Co. ....... 3,440 176,369 Plains Exploration & Production Co. (a)................................ 1,908 75,805 Pogo Producing Co. .................. 1,356 67,542 Southwestern Energy Co. (a).......... 3,892 139,878 Ultra Petroleum Corp. (a)............ 3,716 207,353 XTO Energy, Inc. .................... 8,389 368,613 ------------ 4,594,990 ------------ OIL & GAS (REFINING & MARKETING) -- 0.7% Sunoco, Inc. ........................ 3,283 257,321 Valero Energy Corp. ................. 14,626 754,702 ------------ 1,012,023 ------------ PERSONAL & HOUSEHOLD GOODS -- 0.3% Alberto-Culver Co. .................. 1,946 89,029 Avon Products, Inc. ................. 11,078 316,277 ------------ 405,306 ------------ PUBLISHING -- 0.4% Dex Media, Inc. ..................... 2,674 72,439 The McGraw-Hill Cos., Inc. .......... 9,054 467,458 ------------ 539,897 ------------ PUBLISHING (NEWSPAPERS) -- 0.1% The Washington Post Co. ............. 138 105,570 ------------ RAILROADS -- 0.3% Norfolk Southern Corp. .............. 9,669 433,461 ------------ REAL ESTATE INVESTMENT TRUST -- 0.3% Forest City Enterprises, Inc. ....... 1,494 56,668 General Growth Properties, Inc. ..... 5,367 252,195 The St. Joe Co. ..................... 1,651 110,980 ------------ 419,843 ------------ REINSURANCE -- 1.5% Berkshire Hathaway, Inc. (Class A) (a)................................ 25 2,215,500 ------------
See accompanying notes to financial statements. 69 STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RESTAURANTS -- 0.8% Brinker International, Inc. ......... 2,103 $ 81,302 Darden Restaurants, Inc. ............ 3,359 130,598 Outback Steakhouse, Inc. ............ 1,789 74,440 Starbucks Corp. (a).................. 18,462 554,045 Yum! Brands, Inc. ................... 6,854 321,315 ------------ 1,161,700 ------------ RETAIL -- 0.2% Whole Foods Market, Inc. ............ 3,026 234,182 ------------ RETAIL (BUILDING SUPPLIES) -- 2.2% Lowe's Cos., Inc. ................... 16,859 1,123,821 The Home Depot, Inc. ................ 52,004 2,105,122 ------------ 3,228,943 ------------ RETAIL (COMPUTERS & ELECTRONICS) -- 0.3% Best Buy Co,. Inc. .................. 9,528 414,277 ------------ RETAIL (DEPARTMENT STORES) -- 0.4% Kohl's Corp. (a)..................... 7,290 354,294 Nordstrom, Inc. ..................... 5,643 211,048 ------------ 565,342 ------------ RETAIL (DISCOUNTERS) -- 0.6% Costco Wholesale Corp. .............. 11,449 566,382 Dollar General Corp. ................ 7,156 136,465 Dollar Tree Stores, Inc. (a)......... 2,655 63,561 Family Dollar Stores, Inc. .......... 3,835 95,069 ------------ 861,477 ------------ RETAIL (GENERAL MERCHANDISING CHAIN) -- 3.0% Sears Holdings Corp. (a)............. 2,387 275,770 Target Corp. ........................ 19,337 1,062,955 Wal-Mart Stores, Inc. ............... 62,540 2,926,872 ------------ 4,265,597 ------------ RETAIL (SPECIALTY APPAREL) -- 0.8% Abercrombie & Fitch Co. ............. 2,084 135,835 American Eagle Outfitters, Inc. ..... 2,850 65,493 Chico's FAS, Inc. (a)................ 4,306 189,163 Foot Locker, Inc. ................... 3,735 88,109 Ross Stores, Inc. ................... 3,559 102,855 The Gap, Inc. ....................... 15,454 272,608 The TJX Cos., Inc. .................. 11,600 269,468 Urban Outfitters, Inc. (a)........... 2,812 71,172 ------------ 1,194,703 ------------ RETAIL (SPECIALTY) -- 1.4% Advance Auto Parts, Inc. (a)......... 2,674 116,212 Amazon.com, Inc. (a)................. 7,217 340,282 AutoNation, Inc. (a)................. 4,739 102,978 AutoZone, Inc. (a)................... 1,337 122,670 Bed Bath & Beyond, Inc. (a).......... 7,255 262,268 CarMax, Inc. (a)..................... 2,517 69,671 Michaels Stores, Inc. ............... 3,264 115,448 O'Reilly Automotive, Inc. (a)........ 2,674 85,595 PETsMART, Inc. ...................... 3,440 88,270 Staples, Inc. ....................... 17,942 407,463 Tiffany & Co. ....................... 3,559 136,274 Williams-Sonoma, Inc. (a)............ 2,241 96,699 ------------ 1,943,830 ------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RETAIL STORES (DRUG STORE) -- 1.5% Caremark Rx, Inc. (a)................ 10,834 $ 561,093 CVS Corp. ........................... 19,510 515,454 Walgreen Co. ........................ 24,630 1,090,124 ------------ 2,166,671 ------------ SAVINGS & LOAN COMPANIES -- 0.6% Golden West Financial Corp. ......... 7,413 489,258 Hudson City Bancorp, Inc. ........... 14,431 174,904 Sovereign Bancorp, Inc. ............. 9,064 195,963 ------------ 860,125 ------------ SERVICES (ADVERTISING/MARKETING) -- 0.4% Clear Channel Outdoor Holdings, Inc. (a)................................ 835 16,742 Getty Images, Inc. (a)............... 1,161 103,642 Lamar Advertising Co. (a)............ 2,065 95,279 Omnicom Group, Inc. ................. 4,374 372,359 ------------ 588,022 ------------ SERVICES (COMMERCIAL & CONSUMER) -- 1.8% Accenture, Ltd. (Class A)............ 13,767 397,453 Apollo Group, Inc. (a)............... 3,622 218,986 Aramark Corp. ....................... 2,850 79,173 Career Education Corp. (a)........... 2,517 84,873 CCE Spinco, Inc (a).................. 1,476 19,336 Cendant Corp. ....................... 24,622 424,729 Checkfree Corp. (a).................. 1,813 83,217 ChoicePoint, Inc. (a)................ 2,103 93,605 Cintas Corp. ........................ 3,283 135,194 Fastenal Co. ........................ 3,320 130,111 Iron Mountain, Inc. (a).............. 2,674 112,896 Moody's Corp. ....................... 6,087 373,864 Paychex, Inc. ....................... 8,111 309,191 VeriSign, Inc. (a)................... 6,114 134,019 Weight Watchers International, Inc. (a)................................ 1,023 50,567 ------------ 2,647,214 ------------ SERVICES (COMPUTER SYSTEMS) -- 0.1% Cognizant Technology Solutions Corp. (a)................................ 3,264 164,342 ------------ SERVICES (DATA PROCESSING) -- 1.3% Automatic Data Processing, Inc. ..... 13,881 636,999 Dun & Bradstreet Corp. (a)........... 1,651 110,551 First Data Corp. .................... 18,353 789,362 Fiserv, Inc. (a)..................... 4,739 205,057 NAVTEQ Corp. (a)..................... 2,203 96,646 Total System Services, Inc. ......... 904 17,890 ------------ 1,856,505 ------------ SERVICES (EMPLOYMENT) -- 0.3% Manpower, Inc. ...................... 2,203 102,439 Monster Worldwide, Inc. (a).......... 2,655 108,377 Robert Half International, Inc. ..... 4,168 157,926 ------------ 368,742 ------------ TELEPHONE -- 0.1% NTL, Inc. (a)........................ 1,808 123,089 ------------ TEXTILES (APPAREL) -- 0.3% Coach, Inc. (a)...................... 9,212 307,128 Liz Claiborne, Inc. ................. 2,655 95,102 ------------ 402,230 ------------
See accompanying notes to financial statements. 70 STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TRUCKING -- 1.6% C.H. Robinson Worldwide, Inc. ....... 4,149 $ 153,637 Expeditors International Washington, Inc. .............................. 2,536 171,205 FedEx Corp. ......................... 6,758 698,710 J.B. Hunt Transport Services, Inc. .............................. 2,988 67,648 United Parcel Service, Inc. (Class B)................................. 15,197 1,142,055 ------------ 2,233,255 ------------ WASTE MANAGEMENT -- 0.3% Waste Management, Inc. .............. 13,284 403,169 ------------ TOTAL COMMON STOCKS -- (Cost $136,393,914)...................... 143,078,451 ------------ SHORT TERM INVESTMENTS -- 0.0% (C) MONEY MARKET FUND -- 0.0% (C) AIM Short Term Investment Class Prime Fund (Cost $56,576)..................... 56,576 56,576 ------------ TOTAL INVESTMENTS -- 99.8% (Cost $136,450,490)...................... 143,135,027 OTHER ASSETS AND LIABILITIES -- 0.2% 230,522 ------------ NET ASSETS -- 100.0%................. $143,365,549 ============ (a) Non-income producing security (b) Affiliated issuer (Note 3) (c) Amount shown represents less than 0.005% of net assets.
See accompanying notes to financial statements. 71 STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.7% AEROSPACE/DEFENSE -- 1.2% Boeing Co. ........................... 10,800 $ 758,592 Goodrich Corp. ....................... 1,800 73,980 Northrop Grumman Corp. ............... 5,054 303,796 ----------- 1,136,368 ----------- AUTO PARTS & EQUIPMENT -- 0.1% Genuine Parts Co. .................... 2,600 114,192 Lear Corp. ........................... 1,000 28,460 ----------- 142,652 ----------- AUTOMOBILES & PARTS -- 0.3% Ford Motor Co. ....................... 26,524 204,765 General Motors Corp. ................. 6,328 122,890 ----------- 327,655 ----------- BANKS (MAJOR REGIONAL) -- 7.5% Bank of America Corp. ................ 69,784 3,220,532 Comerica, Inc. ....................... 2,429 137,870 Huntington Bancshares, Inc. .......... 3,300 78,375 Keycorp............................... 6,106 201,071 National City Corp. .................. 8,439 283,297 PNC Financial Services Group.......... 4,350 268,960 SunTrust Banks, Inc. ................. 5,445 396,178 Wachovia Corp. ....................... 23,298 1,231,532 Wells Fargo & Co. .................... 24,873 1,562,771 ----------- 7,380,586 ----------- BANKS (REGIONAL) -- 2.6% AmSouth Bancorp....................... 5,300 138,913 Associated BancCorp. ................. 1,800 58,590 Bank of Hawaii Corp. ................. 800 41,232 BB&T Corp. ........................... 8,261 346,219 City National Corp. .................. 700 50,708 Colonial BancGroup, Inc. ............. 2,300 54,786 Commerce Bancshares, Inc. ............ 1,050 54,726 Compass Bancshares, Inc. ............. 1,800 86,922 Fifth Third Bancorp................... 7,044 265,700 First Horizon National Corp. ......... 1,900 73,036 Fulton Financial Corp. ............... 2,400 42,240 M&T Bank Corp. ....................... 1,186 129,333 Marshall & Ilsley Corp. .............. 2,900 124,816 Mercantile Bankshares Corp. .......... 1,200 67,728 North Fork Bancorp, Inc. ............. 6,584 180,138 Popular, Inc. ........................ 3,843 81,279 Regions Financial Corp. .............. 6,937 236,968 Sky Financial Group, Inc. ............ 1,600 44,512 Synovus Financial Corp. .............. 3,900 105,339 TCF Financial Corp. .................. 1,900 51,566 TD Banknorth, Inc. ................... 1,300 37,765 UnionBanCal Corp. .................... 900 61,848 Valley National Bancorp............... 1,700 40,970 Webster Financial Corp. .............. 800 37,520 Zions Bancorp......................... 1,600 120,896 ----------- 2,533,750 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- BEVERAGES (ALCOHOLIC) -- 0.1% Brown-Forman Corp. ................... 800 $ 55,456 Molson Coors Brewing Co. ............. 1,000 66,990 ----------- 122,446 ----------- BEVERAGES (NON-ALCOHOLIC) -- 1.4% Coca-Cola Enterprises, Inc. .......... 3,700 70,929 The Coca-Cola Co. .................... 33,000 1,330,230 ----------- 1,401,159 ----------- BIOTECHNOLOGY -- 0.1% Applera Corp. -- Applied Biosystems Group............................... 3,000 79,680 ----------- BROADCASTING (TV, RADIO & CABLE) -- 0.1% Belo Corp. ........................... 1,500 32,115 Discovery Holding Co. (Class A) (a)... 4,200 63,630 ----------- 95,745 ----------- BUILDING MATERIALS -- 0.4% Lafarge North America, Inc. .......... 500 27,510 Martin Marietta Materials, Inc. ...... 700 53,704 Masco Corp. .......................... 6,558 197,986 Vulcan Materials Co. ................. 1,400 94,850 ----------- 374,050 ----------- CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.8% Motorola, Inc. ....................... 36,900 833,571 ----------- CHEMICALS (DIVERSIFIED) -- 1.8% Air Products & Chemicals, Inc. ....... 3,200 189,408 E. I. du Pont de Nemours & Co. ....... 14,838 630,615 Huntsman Corp. (a).................... 1,400 24,108 Lyondell Chemical Co. ................ 3,400 80,988 PPG Industries, Inc. ................. 2,590 149,961 Rohm & Haas Co. ...................... 2,200 106,524 The Dow Chemical Co. ................. 14,395 630,789 ----------- 1,812,393 ----------- CHEMICALS (SPECIALTY) -- 0.3% Ashland, Inc. ........................ 1,100 63,690 Chemtura Corp. ....................... 3,500 44,450 Eastman Chemical Co. ................. 1,200 61,908 Engelhard Corp. ...................... 1,900 57,285 International Flavors & Fragrances, Inc. ............................... 1,300 43,550 Lubrizol Corp. ....................... 1,000 43,430 ----------- 314,313 ----------- COAL -- 0.1% CONSOL Energy, Inc. .................. 1,400 91,252 Massey Energy Co. .................... 1,100 41,657 ----------- 132,909 ----------- COMMUNICATIONS EQUIPMENT -- 0.4% Comverse Technology, Inc. (a)......... 2,800 74,452 Harris Corp. ......................... 2,000 86,020 Lucent Technologies, Inc. (a)......... 64,832 172,453 Tellabs, Inc. (a)..................... 6,400 69,760 ----------- 402,685 ----------- COMPUTER SOFTWARE/SERVICES -- 1.3% BMC Software, Inc. (a)................ 3,400 69,666 Cadence Design Systems, Inc. (a)...... 4,100 69,372 Computer Associates International, Inc. ............................... 7,000 197,330
See accompanying notes to financial statements. 72 STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Novell, Inc. (a)...................... 5,700 $ 50,331 Oracle Corp. (a)...................... 58,800 717,948 Siebel Systems, Inc. ................. 6,900 73,002 Synopsys, Inc. (a).................... 2,200 44,132 Unisys Corp. (a)...................... 5,100 29,733 ----------- 1,251,514 ----------- COMPUTERS (HARDWARE) -- 1.6% Hewlett-Packard Co. .................. 42,944 1,229,487 NCR Corp. (a)......................... 2,800 95,032 Sun Microsystems, Inc. (a)............ 51,300 214,947 ----------- 1,539,466 ----------- COMPUTERS (PERIPHERALS) -- 0.1% Seagate Technology (a)................ 5,700 113,943 ----------- CONTAINERS (METALS & GLASS) -- 0.0% (B) Owens-Illinois, Inc. (a).............. 2,100 44,184 ----------- CONTAINERS / PACKAGING (PAPER & PLASTIC) -- 0.2% Bemis Co. ............................ 1,600 44,592 Sealed Air Corp. (a).................. 1,300 73,021 Sonoco Products Co. .................. 1,500 44,100 ----------- 161,713 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 0.1% SUPERVALU, Inc. ...................... 2,000 64,960 ----------- ELECTRIC UTILITIES -- 5.5% Allegheny Energy, Inc. (a)............ 2,400 75,960 Alliant Energy Corp. ................. 1,700 47,668 Ameren Corp. ......................... 2,900 148,596 American Electric Power Co., Inc. .... 5,671 210,337 CenterPoint Energy, Inc. ............. 4,100 52,685 Cinergy Corp. ........................ 2,800 118,888 Consolidated Edison, Inc. ............ 3,662 169,660 Constellation Energy Group, Inc. ..... 2,600 149,760 Dominion Resources, Inc. ............. 5,163 398,584 DPL, Inc. ............................ 1,800 46,818 DTE Energy Co. ....................... 2,600 112,294 Duke Energy Corp. .................... 13,299 365,058 Edison International.................. 4,501 196,289 Energy East Corp. .................... 2,200 50,160 Entergy Corp. ........................ 3,160 216,934 Exelon Corp. ......................... 10,011 531,985 FirstEnergy Corp. .................... 4,925 241,276 FPL Group, Inc. ...................... 5,416 225,089 MDU Resources Group, Inc. ............ 1,600 52,384 Northeast Utilities................... 1,900 37,411 NSTAR................................. 1,600 45,920 Pepco Holdings, Inc. ................. 2,800 62,636 PG&E Corp. ........................... 5,546 205,867 Pinnacle West Capital Corp. .......... 1,500 62,025 PPL Corp. ............................ 5,770 169,638 Progress Energy, Inc. ................ 3,731 163,865 Public Service Enterprise Group, Inc. ............................... 3,580 232,593 SCANA Corp. .......................... 1,500 59,070 TECO Energy, Inc. .................... 3,000 51,540 The Southern Co. ..................... 11,227 387,668 TXU Corp. ............................ 6,800 341,292
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Wisconsin Energy Corp. ............... 1,800 $ 70,308 Xcel Energy, Inc. .................... 6,000 110,760 ----------- 5,411,018 ----------- ELECTRICAL EQUIPMENT -- 0.8% American Power Conversion Corp. ...... 2,800 61,600 Cooper Industries, Ltd. .............. 1,400 102,200 Emerson Electric Co. ................. 6,100 455,670 Hubbell, Inc. (Class B)............... 900 40,608 Rockwell Automation, Inc. ............ 2,500 147,900 ----------- 807,978 ----------- ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.2% Arrow Electronics, Inc. (a)........... 1,700 54,451 Solectron Corp. (a)................... 14,600 53,436 W.W. Grainger, Inc. .................. 1,200 85,320 ----------- 193,207 ----------- ELECTRONICS (INSTRUMENT) -- 0.4% Agilent Technologies, Inc. (a)........ 6,649 221,345 Molex, Inc. .......................... 2,000 51,900 PerkinElmer, Inc. .................... 1,800 42,408 Symbol Technologies, Inc. ............ 3,700 47,434 ----------- 363,087 ----------- ELECTRONICS (SEMICONDUCTORS) -- 2.8% Advanced Micro Devices, Inc. (a)...... 5,900 180,540 Freescale Semiconductor, Inc. (Class B)(a)............................... 6,000 151,020 Intel Corp. .......................... 90,800 2,266,368 Micron Technology, Inc. (a)........... 9,200 122,452 ----------- 2,720,380 ----------- ENTERTAINMENT -- 1.4% The Walt Disney Co. .................. 30,100 721,497 Viacom, Inc. (Class B)................ 21,600 704,160 ----------- 1,425,657 ----------- EQUIPMENT (SEMICONDUCTORS) -- 0.0% (B) Teradyne, Inc. (a).................... 2,900 42,253 ----------- FINANCIAL (DIVERSIFIED) -- 8.3% Cbot Holdings, Inc. (a)............... 55 5,157 CIT Group, Inc. ...................... 3,200 165,696 Citigroup, Inc. ...................... 77,725 3,771,994 Fannie Mae............................ 14,552 710,283 Freddie Mac........................... 10,247 669,641 JPMorgan Chase & Co. ................. 52,450 2,081,741 Mellon Financial Corp. ............... 6,425 220,056 Northern Trust Corp. ................. 2,900 150,278 The Bank of New York Co., Inc. ....... 11,713 373,059 Thornburg Mortgage, Inc. ............. 1,500 39,300 ----------- 8,187,205 ----------- FOOD PRODUCTS -- 1.7% Archer-Daniels-Midland Co. ........... 8,987 221,619 Campbell Soup Co. .................... 3,836 114,198 ConAgra Foods, Inc. .................. 7,916 160,537 Dreyer's Grand Ice Cream Holdings, Inc. ............................... 400 33,152 General Mills, Inc. .................. 5,341 263,418 H.J. Heinz Co. ....................... 5,232 176,423 Hormel Foods Corp. ................... 1,100 35,948
See accompanying notes to financial statements. 73 STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- JM Smucker Co. ....................... 900 $ 39,600 Kellogg Co. .......................... 3,600 155,592 Kraft Foods, Inc. .................... 3,840 108,058 McCormick & Co., Inc. ................ 2,000 61,840 Sara Lee Corp. ....................... 11,876 224,456 Smithfield Foods, Inc. (a)............ 1,300 39,780 Tyson Foods, Inc. (Class A)........... 3,600 61,560 ----------- 1,696,181 ----------- HAND/MACHINE TOOLS -- 0.1% The Stanley Works..................... 1,300 62,452 ----------- HEALTH CARE (DIVERSIFIED) -- 0.7% Bristol-Myers Squibb Co. ............. 29,369 674,900 ----------- HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 6.4% Abbott Laboratories................... 23,161 913,238 Eli Lilly & Co. ...................... 14,400 814,896 Merck & Co., Inc. .................... 32,779 1,042,700 Pfizer, Inc. ......................... 111,038 2,589,406 Wyeth................................. 19,865 915,181 ----------- 6,275,421 ----------- HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.1% Tenet Healthcare Corp. (a)............ 7,100 54,386 ----------- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 0.0% (B) Hillenbrand Industries, Inc. ......... 900 44,469 ----------- HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.2% Leggett & Platt, Inc. ................ 2,900 66,584 Whirlpool Corp. ...................... 1,000 83,760 ----------- 150,344 ----------- HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.5% Kimberly-Clark Corp. ................. 6,930 413,374 Newell Rubbermaid, Inc. .............. 4,100 97,498 ----------- 510,872 ----------- INSURANCE (FINANCIAL GUARANTEE) -- 0.5% Ambac Financial Group, Inc. .......... 1,600 123,296 MBIA, Inc. ........................... 2,000 120,320 MGIC Investment Corp. ................ 1,400 92,148 PMI Group, Inc. ...................... 1,400 57,498 Radian Group, Inc. ................... 1,300 76,167 ----------- 469,429 ----------- INSURANCE (LIFE/HEALTH) -- 0.8% CIGNA Corp. .......................... 1,949 217,703 Conseco, Inc. (a)..................... 2,300 53,291 Jefferson-Pilot Corp. ................ 2,100 119,553 Lincoln National Corp. ............... 2,600 137,878 Nationwide Financial Services, Inc. (Class A)........................... 800 35,200 Protective Life Corp. ................ 1,000 43,770 Torchmark Corp. ...................... 1,600 88,960 UnumProvident Corp. .................. 4,500 102,375 ----------- 798,730 ----------- INSURANCE (MULTI-LINE) -- 4.8% ACE, Ltd. ............................ 4,687 250,473 American International Group, Inc. ... 34,024 2,321,458 Assurant, Inc. ....................... 1,800 78,282
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Cincinnati Financial Corp. ........... 2,300 $ 102,764 CNA Financial Corp. (a)............... 500 16,365 Genworth Financial, Inc. (Class A).... 5,700 197,106 Leucadia National Corp. .............. 1,200 56,952 Loews Corp. .......................... 1,874 177,749 MetLife, Inc. ........................ 6,150 301,350 Old Republic International Corp. ..... 2,600 68,276 The Allstate Corp. ................... 10,176 550,216 The Hartford Financial Services Group, Inc. ............................... 4,488 385,474 Unitrin, Inc. ........................ 700 31,535 XL Capital, Ltd. (Class A)............ 2,642 178,018 ----------- 4,716,018 ----------- INSURANCE (PROPERTY/CASUALTY) -- 0.9% Chubb Corp. .......................... 2,971 290,118 SAFECO Corp. ......................... 1,900 107,350 The St. Paul Travelers Cos., Inc. .... 10,385 463,898 ----------- 861,366 ----------- INSURANCE BROKERS -- 0.4% Aon Corp. ............................ 3,900 140,205 Arthur J. Gallagher & Co. ............ 1,400 43,232 Marsh & McLennan Cos., Inc. .......... 7,858 249,570 ----------- 433,007 ----------- INVESTMENT BANKING/BROKERAGE -- 3.5% AG Edwards, Inc. ..................... 1,200 56,232 Goldman Sachs Group, Inc. ............ 5,742 733,311 Lehman Brothers Holdings, Inc. ....... 4,108 526,522 Merrill Lynch & Co., Inc. ............ 12,609 854,007 Morgan Stanley........................ 14,777 838,447 The Bear Stearns Cos., Inc. .......... 1,588 183,462 The Charles Schwab Corp. ............. 15,700 230,319 ----------- 3,422,300 ----------- INVESTMENT MANAGEMENT -- 0.3% Federated Investors, Inc. ............ 1,400 51,856 Janus Capital Group, Inc. ............ 3,400 63,342 T. Rowe Price Group, Inc. ............ 2,000 144,060 ----------- 259,258 ----------- LEISURE TIME (PRODUCTS) -- 0.8% Brunswick Corp. ...................... 1,500 60,990 Carnival Corp. ....................... 6,400 342,208 Eastman Kodak Co. .................... 4,337 101,486 Hasbro, Inc. ......................... 2,400 48,432 Mattel, Inc. ......................... 6,227 98,511 Royal Caribbean Cruises, Ltd. ........ 2,000 90,120 ----------- 741,747 ----------- MACHINERY (DIVERSIFIED) -- 1.1% Caterpillar, Inc. .................... 10,300 595,031 Deere & Co. .......................... 3,556 242,199 Dover Corp. .......................... 3,100 125,519 Eaton Corp. .......................... 2,300 154,307 ----------- 1,117,056 ----------- MANUFACTURING (DIVERSIFIED) -- 7.8% General Electric Co. ................. 158,542 5,556,897 Honeywell International, Inc. ........ 11,702 435,899 Ingersoll-Rand Co., Ltd. (Class A).... 5,048 203,788 Johnson Controls, Inc. ............... 2,835 206,700
See accompanying notes to financial statements. 74 STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Parker-Hannifin Corp. ................ 1,800 $ 118,728 Pentair, Inc. ........................ 1,500 51,780 SPX Corp. ............................ 1,100 50,347 Textron, Inc. ........................ 1,700 130,866 Tyco International, Ltd. ............. 30,153 870,216 ----------- 7,625,221 ----------- MANUFACTURING (SPECIALIZED) -- 0.1% Pall Corp. ........................... 1,900 51,034 ----------- METALS MINING -- 0.6% Alcoa, Inc. .......................... 13,083 386,864 Phelps Dodge Corp. ................... 1,400 201,418 Southern Copper Corp. ................ 600 40,188 ----------- 628,470 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 0.8% El Paso Corp. ........................ 9,300 113,088 Enterprise Products Partners LP....... 3,100 74,431 KeySpan Corp. ........................ 2,400 85,656 NiSource, Inc. ....................... 4,100 85,526 ONEOK, Inc. .......................... 1,400 37,282 Sempra Energy......................... 3,300 147,972 TEPPCO Partners LP.................... 1,100 38,324 The Williams Cos., Inc. .............. 8,400 194,628 ----------- 776,907 ----------- OFFICE EQUIPMENT & SUPPLIES -- 0.4% Pitney Bowes, Inc. ................... 3,501 147,917 Xerox Corp. (a)....................... 14,392 210,843 ----------- 358,760 ----------- OIL & GAS (EXPLORATION/PRODUCTS) -- 0.3% Kerr-McGee Corp. ..................... 1,607 146,012 Noble Energy, Inc. ................... 2,600 104,780 ----------- 250,792 ----------- OIL & GAS (REFINING & MARKETING) -- 0.1% Tesoro Petroleum Corp. ............... 1,000 61,550 ----------- OIL (INTEGRATED) -- 9.5% Amerada Hess Corp. ................... 1,200 152,184 Chevron Corp. ........................ 33,571 1,905,826 ConocoPhillips........................ 19,046 1,108,096 Exxon Mobil Corp. .................... 95,168 5,345,587 Marathon Oil Corp. ................... 5,476 333,872 Occidental Petroleum Corp. ........... 5,980 477,682 ----------- 9,323,247 ----------- PAPER & FOREST PRODUCTS -- 0.2% Weyerhaeuser Co. ..................... 3,593 238,360 ----------- PAPER & RELATED PRODUCTS -- 0.5% International Paper Co. .............. 7,338 246,630 Louisiana-Pacific Corp. .............. 1,500 41,205 MeadWestvaco Corp. ................... 2,700 75,681 Smurfit-Stone Container Corp. (a)..... 3,800 53,846 Temple-Inland, Inc. .................. 1,700 76,245 ----------- 493,607 ----------- PERSONAL & HOUSEHOLD GOODS -- 0.1% The Estee Lauder Cos., Inc. (Class A).................................. 2,000 66,960 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- POWER PRODUCERS (INDEPENDENT) -- 0.1% NRG Energy, Inc. (a).................. 1,300 $ 61,256 Reliant Energy, Inc. (a).............. 4,500 46,440 ----------- 107,696 ----------- PUBLISHING -- 0.0% (B) Meredith Corp. ....................... 700 36,638 ----------- PUBLISHING (NEWSPAPERS) -- 0.5% Gannett Co., Inc. .................... 3,754 227,380 Knight Ridder, Inc. .................. 1,000 63,300 The New York Times Co. (Class A)...... 2,200 58,190 Tribune Co. .......................... 3,206 97,013 ----------- 445,883 ----------- RAILROADS -- 0.9% Burlington Northern Santa Fe Corp. ... 5,665 401,195 CSX Corp. ............................ 3,200 162,464 Union Pacific Corp. .................. 3,947 317,773 ----------- 881,432 ----------- REAL ESTATE INVESTMENT TRUST -- 2.5% AMB Property Corp. ................... 1,200 59,004 Apartment Investment & Management Co. (Class A)........................... 1,400 53,018 Archstone-Smith Trust................. 3,000 125,670 Avalonbay Communities, Inc. .......... 1,100 98,175 Boston Properties, Inc. .............. 1,700 126,021 Developers Diversified Realty Corp. .............................. 1,600 75,232 Duke Realty Corp. .................... 2,200 73,480 Equity Office Properties Trust........ 6,171 187,166 Equity Residential.................... 4,200 164,304 Health Care Property Investors Inc. ............................... 2,000 51,120 Hospitality Properties Trust.......... 1,000 40,100 Host Marriott Corp. .................. 4,900 92,855 iStar Financial, Inc. ................ 1,700 60,605 Kimco Realty Corp. ................... 3,200 102,656 Liberty Property Trust................ 1,300 55,705 Macerich Co. ......................... 900 60,426 Mack-Cali Realty Corp. ............... 900 38,880 Mills Corp. .......................... 800 33,552 New Plan Excel Realty Trust........... 1,500 34,770 Plum Creek Timber Co., Inc. .......... 2,800 100,940 ProLogis.............................. 3,600 168,192 Public Storage, Inc. ................. 1,300 88,036 Regency Centers Corp. ................ 900 53,055 Simon Property Group, Inc. ........... 3,300 252,879 United Dominion Realty Trust, Inc. ... 2,000 46,880 Vornado Realty Trust.................. 2,000 166,940 Weingarten Realty Investors........... 1,200 45,372 ----------- 2,455,033 ----------- REINSURANCE -- 0.1% Everest Re Group, Ltd. ............... 900 90,315 ----------- RESTAURANTS -- 0.7% McDonald's Corp. ..................... 19,116 644,592 Wendy's International, Inc. .......... 1,700 93,942 ----------- 738,534 -----------
See accompanying notes to financial statements. 75 STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RETAIL -- 0.5% Albertson's, Inc. .................... 4,759 $ 101,605 Safeway, Inc. ........................ 6,714 158,853 The Kroger Co. (a).................... 10,989 207,472 ----------- 467,930 ----------- RETAIL (BUILDING SUPPLIES) -- 0.1% The Sherwin-Williams Co. ............. 1,800 81,756 ----------- RETAIL (COMPUTERS & ELECTRONICS) -- 0.1% Circuit City Stores, Inc. ............ 2,900 65,511 RadioShack Corp. ..................... 2,000 42,060 ----------- 107,571 ----------- RETAIL (DEPARTMENT STORES) -- 0.5% Federated Department Stores, Inc. .... 3,932 260,810 J. C. Penney Co., Inc. ............... 3,300 183,480 ----------- 444,290 ----------- RETAIL (SPECIALTY APPAREL) -- 0.1% Limited Brands........................ 5,170 115,550 ----------- RETAIL (SPECIALTY) -- 0.2% Barnes & Noble, Inc. ................. 800 34,136 Office Depot, Inc. (a)................ 4,700 147,580 ----------- 181,716 ----------- SAVINGS & LOAN COMPANIES -- 0.8% Astoria Financial Corp. .............. 1,500 44,100 Independence Community Bank Corp. .... 1,200 47,676 New York Community Bancorp, Inc. ..... 3,600 59,472 People's Bank......................... 900 27,954 Washington Mutual, Inc. .............. 14,635 636,622 ----------- 815,824 ----------- SERVICES (ADVERTISING/MARKETING) -- 0.1% The Interpublic Group of Cos., Inc. (a)................................. 6,400 61,760 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 0.5% Avery Dennison Corp. ................. 1,500 82,905 Equifax, Inc. ........................ 2,000 76,040 H&R Block, Inc. ...................... 4,600 112,930 Ingram Micro, Inc. (Class A) (a)...... 1,900 37,867 R.R. Donnelley & Sons Co. ............ 3,300 112,893 Sabre Holdings Corp.(Class A)......... 2,100 50,631 The Service Master Co. ............... 4,400 52,580 ----------- 525,846 ----------- SERVICES (COMPUTER SYSTEMS) -- 0.3% Computer Sciences Corp. (a)........... 2,800 141,792 Electronic Data Systems Corp. ........ 7,700 185,108 ----------- 326,900 ----------- STEEL -- 0.2% Nucor Corp. .......................... 2,200 146,784 United States Steel Corp. ............ 1,700 81,719 ----------- 228,503 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TELEPHONE -- 5.2% ALLTEL Corp. ......................... 4,828 $ 304,647 AT&T, Inc. ........................... 58,545 1,433,767 BellSouth Corp. ...................... 27,592 747,743 CenturyTel, Inc. ..................... 1,900 63,004 Citizens Communications Co. .......... 5,100 62,373 MCI, Inc. ............................ 4,200 82,866 Qwest Communications International, Inc. (a)............. 22,400 126,560 Sprint Nextel Corp. .................. 43,696 1,020,739 Telephone & Data Systems, Inc. ....... 1,500 54,045 Verizon Communications, Inc. ......... 41,234 1,241,968 ----------- 5,137,712 ----------- TEXTILES (APPAREL) -- 0.2% Jones Apparel Group, Inc. ............ 1,800 55,296 Polo Ralph Lauren Corp. .............. 900 50,526 V. F. Corp. .......................... 1,300 71,942 ----------- 177,764 ----------- TOBACCO -- 2.6% Altria Group, Inc. ................... 30,953 2,312,808 Reynolds American, Inc. .............. 1,286 122,595 UST, Inc. ............................ 2,500 102,075 ----------- 2,537,478 ----------- TRUCKING -- 0.0% (B) YRC Worldwide, Inc (a)................ 800 35,688 ----------- TRUCKS & PARTS -- 0.3% Cummins, Inc. ........................ 600 53,838 Navistar International Corp. (a)...... 900 25,758 PACCAR, Inc. ......................... 2,600 179,999 ----------- 259,595 ----------- WASTE MANAGEMENT -- 0.1% Republic Services, Inc. .............. 1,800 67,590 ----------- TOTAL COMMON STOCKS -- (Cost $94,295,786)........................ 97,908,375 ----------- SHORT TERM INVESTMENTS -- 0.3% MONEY MARKET FUND -- 0.3% AIM Short Term Investment Class Prime Fund (Cost $259,061)................ 259,061 259,061 ----------- TOTAL INVESTMENTS -- 100.0% (Cost $94,554,847)........................ 98,167,436 OTHER ASSETS AND LIABILITIES -- 0.0% (B) 28,689 ----------- NET ASSETS -- 100.0%.................. $98,196,125 =========== (a) Non-income producing security (b) Amount shown represents less than 0.005% of net assets.
See accompanying notes to financial statements. 76 STREETTRACKS DJ WILSHIRE MID CAP ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.4% AEROSPACE/DEFENSE -- 0.2% Alliant Techsystems, Inc. (a).......... 667 $ 50,805 ----------- AIRLINES -- 0.2% JetBlue Airways Corp. (a).............. 2,846 43,764 ----------- AUTO PARTS & EQUIPMENT -- 0.9% BorgWarner, Inc. ...................... 987 59,842 Dana Corp. ............................ 2,657 19,077 Gentex Corp. .......................... 2,757 53,761 Lear Corp. ............................ 1,217 34,636 The Goodyear Tire & Rubber Co. (a)..... 3,104 53,948 TRW Automotive Holdings Corp. (a)...... 430 11,330 ----------- 232,594 ----------- BANKS (REGIONAL) -- 4.2% Associated BancCorp. .................. 2,237 72,814 Bank of Hawaii Corp. .................. 947 48,809 BOK Financial Corp. ................... 510 23,169 City National Corp. ................... 807 58,459 Colonial BancGroup, Inc. .............. 2,727 64,957 Commerce Bancshares, Inc. ............. 1,267 66,036 Cullen/Frost Bankers, Inc. ............ 917 49,225 First Horizon National Corp. .......... 2,187 84,068 FirstMerit Corp. ...................... 1,387 35,937 Fulton Financial Corp. ................ 2,777 48,875 Hudson United Bancorp.................. 797 33,219 International Bancshares Corp. ........ 880 25,837 Investors Financial Services Corp. .... 1,170 43,091 Mercantile Bankshares Corp. ........... 1,450 81,838 Sky Financial Group, Inc. ............. 1,890 52,580 South Financial Group, Inc. ........... 1,250 34,425 TCF Financial Corp. ................... 2,277 61,798 TD Banknorth, Inc. .................... 1,500 43,575 Valley National Bancorp................ 1,967 47,405 Webster Financial Corp. ............... 950 44,555 Wilmington Trust Corp. ................ 1,197 46,575 ----------- 1,067,247 ----------- BEVERAGES (ALCOHOLIC) -- 0.6% Brown-Forman Corp. .................... 970 67,240 Molson Coors Brewing Co. .............. 1,217 81,527 ----------- 148,767 ----------- BEVERAGES (NON-ALCOHOLIC) -- 0.3% Aqua America, Inc. .................... 2,240 61,152 PepsiAmericas, Inc. ................... 1,217 28,307 ----------- 89,459 ----------- BIOTECHNOLOGY -- 2.0% Affymetrix, Inc. (a)................... 1,170 55,868 Applera Corp. -- Applied Biosystems Group................................ 3,574 94,925 Charles River Laboratories International, Inc. (a).............. 1,270 53,810 ImClone Systems, Inc. (a).............. 1,170 40,061 Invitrogen Corp. (a)................... 930 61,975 Millennium Pharmaceuticals, Inc. (a)... 5,431 52,681 Millipore Corp. (a).................... 877 57,917
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- PDL Biopharma, Inc. (a)................ 1,977 $ 56,186 Techne Corp. (a)....................... 647 36,329 ----------- 509,752 ----------- BROADCASTING (TV, RADIO & CABLE) -- 0.5% Belo Corp. ............................ 1,820 38,966 Discovery Holding Co. (Class A) (a).... 4,954 75,053 Westwood One, Inc. .................... 1,327 21,630 ----------- 135,649 ----------- BUILDING MATERIALS -- 0.8% Eagle Materials, Inc. ................. 327 40,012 Florida Rock Industries, Inc. ......... 900 44,154 Lafarge North America, Inc. ........... 537 29,546 Martin Marietta Materials, Inc. ....... 830 63,677 USG Corp. (a).......................... 570 37,050 ----------- 214,439 ----------- CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.6% Alamosa Holdings, Inc. (a)............. 2,637 49,075 NII Holdings, Inc. (a)................. 2,374 103,696 US Cellular Corp. (a).................. 270 13,338 ----------- 166,109 ----------- CHEMICALS (DIVERSIFIED) -- 0.5% Airgas, Inc. .......................... 1,137 37,407 Celanese Corp. ........................ 1,247 23,843 FMC Corp. (a).......................... 610 32,434 Huntsman Corp. (a)..................... 1,597 27,500 ----------- 121,184 ----------- CHEMICALS (SPECIALTY) -- 2.5% Ashland, Inc. ......................... 1,290 74,691 Cabot Corp. ........................... 990 35,442 Chemtura Corp. ........................ 4,127 52,413 Cytec Industries, Inc. ................ 660 31,436 Eastman Chemical Co. .................. 1,407 72,587 Engelhard Corp. ....................... 2,197 66,239 International Flavors & Fragrances, Inc. ................................ 1,540 51,590 Lubrizol Corp. ........................ 1,190 51,682 RPM, Inc. ............................. 2,057 35,730 Sigma-Aldrich Corp. ................... 1,047 66,265 The Mosaic Co. (a)..................... 2,237 32,727 The Scotts Co. (Class A)............... 800 36,192 Valspar Corp. ......................... 1,670 41,199 ----------- 648,193 ----------- COAL -- 1.0% Arch Coal, Inc. ....................... 1,087 86,416 CONSOL Energy, Inc. ................... 1,690 110,154 Massey Energy Co. ..................... 1,340 50,746 ----------- 247,316 ----------- COMMUNICATIONS EQUIPMENT -- 1.4% ADC Telecommunications, Inc. (a)....... 2,047 45,730 Avaya, Inc. (a)........................ 7,971 85,051 Avid Technology, Inc. (a).............. 737 40,358 JDS Uniphase Corp. (a)................. 28,127 66,380 PanAmSat Holding Corp. ................ 907 22,221
See accompanying notes to financial statements. 77 STREETTRACKS DJ WILSHIRE MID CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Tellabs, Inc. (a)...................... 7,498 $ 81,728 West Corp. (a)......................... 470 19,811 ----------- 361,279 ----------- COMPUTER SOFTWARE/SERVICES -- 5.0% Activision, Inc. (a)................... 4,711 64,729 BEA Systems, Inc. (a).................. 6,831 64,212 BMC Software, Inc. (a)................. 3,947 80,874 Cadence Design Systems, Inc. (a)....... 4,834 81,791 Ceridian Corp. (a)..................... 2,627 65,281 Citrix Systems, Inc. (a)............... 3,194 91,923 Compuware Corp. (a).................... 6,111 54,816 Diebold, Inc. ......................... 1,270 48,260 DST Systems, Inc. (a).................. 1,120 67,099 Emdeon Corp. (a)....................... 5,222 44,178 McAfee, Inc. (a)....................... 2,967 80,495 Mercury Interactive Corp. (a).......... 1,497 41,602 Novell, Inc. (a)....................... 6,651 58,728 Pixar (a).............................. 1,020 53,774 Red Hat, Inc. (a)...................... 3,077 83,818 Salesforce.com, Inc. (a)............... 1,387 44,453 Siebel Systems, Inc. .................. 8,561 90,575 Sybase, Inc. (a)....................... 1,587 34,692 Synopsys, Inc. (a)..................... 2,567 51,494 The Reynolds & Reynolds Co. ........... 1,147 32,196 Unisys Corp. (a)....................... 6,001 34,986 ----------- 1,269,976 ----------- COMPUTERS (PERIPHERALS) -- 0.3% Western Digital Corp. (a).............. 3,934 73,212 ----------- CONSUMER FINANCE -- 0.4% AmeriCredit Corp. (a).................. 2,417 61,948 Student Loan Corp. .................... 70 14,646 Westcorp............................... 427 28,442 WFS Financial, Inc. (a)................ 120 9,138 ----------- 114,174 ----------- CONTAINERS (METALS & GLASS) -- 0.7% Ball Corp. ............................ 1,807 71,774 Crown Holdings, Inc. (a)............... 2,954 57,692 Owens-Illinois, Inc. (a)............... 2,477 52,116 ----------- 181,582 ----------- CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 1.1% Bemis Co. ............................. 1,897 52,869 Packaging Corp. of America............. 1,097 25,176 Pactiv Corp. (a)....................... 2,657 58,454 Sealed Air Corp. (a)................... 1,480 83,132 Sonoco Products Co. ................... 1,747 51,362 ----------- 270,993 ----------- DISTRIBUTION/WHOLESALE -- 0.2% Hughes Supply, Inc. ................... 1,170 41,945 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 0.3% SUPERVALU, Inc. ....................... 2,387 77,530 ----------- ELECTRIC UTILITIES -- 4.5% Allegheny Energy, Inc. (a)............. 2,867 90,741 Alliant Energy Corp. .................. 2,057 57,678 CenterPoint Energy, Inc. .............. 4,804 61,731
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- CMS Energy Corp. (a)................... 3,874 $ 56,212 DPL, Inc. ............................. 2,127 55,323 Energy East Corp. ..................... 2,607 59,440 Great Plains Energy, Inc. ............. 1,317 36,823 Hawaiian Electric Industries, Inc. .... 1,420 36,778 MDU Resources Group, Inc. ............. 1,927 63,090 Northeast Utilities.................... 2,667 52,513 NSTAR.................................. 1,887 54,157 OGE Energy Corp. ...................... 1,590 42,596 Pepco Holdings, Inc. .................. 3,337 74,649 Pinnacle West Capital Corp. ........... 1,727 71,411 Puget Energy, Inc. .................... 2,037 41,596 SCANA Corp. ........................... 1,807 71,160 TECO Energy, Inc. ..................... 3,534 60,714 Westar Energy, Inc. ................... 1,517 32,615 Wisconsin Energy Corp. ................ 2,067 80,737 WPS Resources Corp. ................... 760 42,036 ----------- 1,142,000 ----------- ELECTRICAL EQUIPMENT -- 0.4% Hubbell, Inc. (Class B)................ 1,020 46,023 Thomas & Betts Corp. (a)............... 1,047 43,932 ----------- 89,955 ----------- ELECTRONICS (COMPONENT DISTRIBUTION) -- 1.2% Arrow Electronics, Inc. (a)............ 2,037 65,245 CDW Corp. ............................. 1,150 66,206 Sanmina-SCI Corp. (a).................. 9,228 39,311 Solectron Corp. (a).................... 17,209 62,985 Tech Data Corp. (a).................... 1,027 40,751 Vishay Intertechnology, Inc. (a)....... 2,987 41,101 ----------- 315,599 ----------- ELECTRONICS (INSTRUMENT) -- 1.7% Amphenol Corp. (Class A)............... 1,550 68,603 Cogent, Inc. (a)....................... 690 15,649 FLIR Systems, Inc. (a)................. 1,210 27,019 Molex, Inc. ........................... 2,317 60,126 National Instruments Corp. ............ 937 30,031 PerkinElmer, Inc. ..................... 2,137 50,348 Symbol Technologies, Inc. ............. 4,294 55,049 Tektronix, Inc. ....................... 1,497 42,231 Thermo Electron Corp. (a).............. 2,847 85,780 ----------- 434,836 ----------- ELECTRONICS (SEMICONDUCTORS) -- 1.7% Cypress Semiconductor Corp. (a)........ 2,367 33,730 Fairchild Semiconductor International, Inc. (a)............................. 2,117 35,798 International Rectifier Corp. (a)...... 1,277 40,736 Intersil Corp. (Class A)............... 2,667 66,355 LSI Logic Corp. (a).................... 6,861 54,888 MEMC Electronic Materials, Inc. (a).... 2,647 58,684 NVIDIA Corp. (a)....................... 2,837 103,721 QLogic Corp. (a)....................... 1,527 49,643 ----------- 443,555 ----------- ENGINEERING & CONSTRUCTION -- 0.3% Jacobs Engineering Group, Inc. (a)..... 997 67,666 -----------
See accompanying notes to financial statements. 78 STREETTRACKS DJ WILSHIRE MID CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- ENTERTAINMENT -- 0.2% DreamWorks Animation SKG, Inc. (Class A) (a)............................... 787 $ 19,329 Regal Entertainment Group.............. 810 15,406 Warner Music Group Corp. .............. 741 14,279 ----------- 49,014 ----------- ENVIRONMENTAL CONTROL -- 0.4% Allied Waste Industries, Inc. (a)...... 3,764 32,898 Nalco Holding Co. (a).................. 1,489 26,370 Stericycle, Inc. (a)................... 800 47,104 ----------- 106,372 ----------- EQUIPMENT (SEMICONDUCTORS) -- 0.8% Lam Research Corp. (a)................. 2,474 88,272 Novellus Systems, Inc. (a)............. 2,487 59,987 Teradyne, Inc. (a)..................... 3,437 50,077 ----------- 198,336 ----------- FINANCIAL (DIVERSIFIED) -- 0.6% IndyMac Bancorp, Inc. ................. 1,107 43,195 IntercontinentalExchange, Inc. (a)..... 300 10,905 SEI Investments Co. ................... 1,230 45,510 Thornburg Mortgage, Inc. .............. 1,780 46,636 ----------- 146,246 ----------- FOOD PRODUCTS -- 0.9% Del Monte Foods Co. (a)................ 3,527 36,787 Hormel Foods Corp. .................... 1,317 43,039 JM Smucker Co. ........................ 1,030 45,320 McCormick & Co., Inc. ................. 2,097 64,839 Smithfield Foods, Inc. (a)............. 1,640 50,184 ----------- 240,169 ----------- FOOTWEAR -- 0.3% Reebok International, Ltd. ............ 870 50,660 The Timberland Co. (Class A) (a)....... 990 32,225 ----------- 82,885 ----------- GAMING & LOTTERY -- 0.9% Boyd Gaming Corp. ..................... 820 39,081 GTECH Holdings Corp. (a)............... 2,187 69,415 Penn National Gaming, Inc. (a)......... 1,100 36,245 Scientific Games Corp. (ClassA) (a).... 1,157 31,563 Station Casinos, Inc. ................. 857 58,105 ----------- 234,409 ----------- GOLD/PRECIOUS METALS MINING -- 0.4% Glamis Gold, Ltd. (a).................. 2,317 63,671 Meridian Gold, Inc. (a)................ 1,757 38,426 ----------- 102,097 ----------- HAND/MACHINE TOOLS -- 0.4% Snap-on, Inc. ......................... 927 34,818 The Stanley Works...................... 1,507 72,396 ----------- 107,214 ----------- HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 2.0% American Pharmaceutical Partners, Inc. (a).................................. 410 15,904
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Cephalon, Inc. (a)..................... 1,000 $ 64,740 Endo Pharmaceuticals Holdings, Inc. (a).................................. 1,927 58,311 IVAX Corp. (a)......................... 3,934 123,252 King Pharmaceuticals, Inc. (a)......... 4,277 72,367 Kos Pharmaceuticals, Inc. (a).......... 357 18,468 Medicis Pharmaceutical Corp. (Class A)................................... 990 31,729 Mylan Laboratories, Inc. .............. 3,857 76,986 Watson Pharmaceuticals, Inc. (a)....... 1,937 62,972 ----------- 524,729 ----------- HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.6% Community Health Systems, Inc. (a)..... 1,540 59,044 Triad Hospitals, Inc. (a).............. 1,510 59,237 Universal Health Services, Inc. (Class B)................................... 967 45,197 ----------- 163,478 ----------- HEALTH CARE (MANAGED CARE) -- 1.4% Health Net, Inc. (a)................... 2,080 107,224 Lincare Holdings, Inc. (a)............. 1,777 74,474 Manor Care, Inc. ...................... 1,347 53,570 Omnicare, Inc. ........................ 2,147 122,851 UnitedHealth Group, Inc. .............. 1 44 WellPoint, Inc. (a).................... 1 92 ----------- 358,255 ----------- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 4.3% Advanced Medical Optics, Inc. (a)...... 1,150 48,070 Amylin Pharmaceuticals, Inc. (a)....... 1,777 70,938 Bausch & Lomb, Inc. ................... 940 63,826 Beckman Coulter, Inc. ................. 1,097 62,419 Covance, Inc. (a)...................... 1,110 53,891 Cytyc Corp. (a)........................ 2,017 56,940 Dade Behring Holdings, Inc. ........... 1,580 64,606 Dentsply International, Inc. .......... 1,267 68,025 Edwards Lifesciences Corp. (a)......... 1,057 43,982 Gen-Probe, Inc. (a).................... 880 42,935 Henry Schein, Inc. (a)................. 1,530 66,769 Hillenbrand Industries, Inc. .......... 1,030 50,892 IDEXX Laboratories, Inc. (a)........... 597 42,972 INAMED Corp. (a)....................... 630 55,239 Intuitive Surgical, Inc. (a)........... 597 70,010 Kinetic Concepts, Inc. (a)............. 900 35,784 Mentor Corp. .......................... 660 30,413 ResMed, Inc. (a)....................... 1,197 45,857 Respironics, Inc. (a).................. 1,290 47,820 Sierra Health Services, Inc. (a)....... 460 36,782 The Cooper Cos., Inc. ................. 777 39,860 ----------- 1,098,030 ----------- HEALTH CARE (SPECIAL SERVICES) -- 0.9% Cerner Corp. (a)....................... 500 45,455 DaVita, Inc. (a)....................... 1,767 89,481 LifePoint Hospitals, Inc. (a).......... 907 34,012 Renal Care Group, Inc. (a)............. 1,187 56,157 ----------- 225,105 -----------
See accompanying notes to financial statements. 79 STREETTRACKS DJ WILSHIRE MID CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- HOMEBUILDING -- 1.0% Beazer Homes USA, Inc. ................ 690 $ 50,260 Hovnanian Enterprises, Inc. (a)........ 620 30,777 M.D.C. Holdings, Inc. ................. 640 39,667 Meritage Homes Corp. (a)............... 400 25,168 Ryland Group, Inc. .................... 840 60,589 Standard Pacific Corp. ................ 1,200 44,160 ----------- 250,621 ----------- HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.3% Leggett & Platt, Inc. ................. 3,377 77,536 ----------- HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.4% Church & Dwight Co., Inc. ............. 1,127 37,225 Energizer Holdings, Inc. (a)........... 1,250 62,237 ----------- 99,462 ----------- INDUSTRIAL GOODS & SERVICES -- 0.1% MSC Industrial Direct Co., Inc. (Class A)................................... 810 32,578 ----------- INSURANCE (FINANCIAL GUARANTEE) -- 0.6% PMI Group, Inc. ....................... 1,657 68,053 Radian Group, Inc. .................... 1,527 89,467 ----------- 157,520 ----------- INSURANCE (LIFE/HEALTH) -- 0.9% AmerUs Group Co. ...................... 690 39,102 Conseco, Inc. (a)...................... 2,667 61,794 Protective Life Corp. ................. 1,137 49,767 Reinsurance Group America, Inc. ....... 587 28,035 StanCorp Financial Group, Inc. ........ 1,000 49,950 ----------- 228,648 ----------- INSURANCE (MULTI-LINE) -- 1.2% American National Insurance Co. ....... 280 32,757 Hanover Insurance Group, Inc. ......... 940 39,264 HCC Insurance Holdings, Inc. .......... 1,957 58,084 Leucadia National Corp. ............... 1,427 67,725 Old Republic International Corp. ...... 3,037 79,752 Unitrin, Inc. ......................... 790 35,589 ----------- 313,171 ----------- INSURANCE (PROPERTY/CASUALTY) -- 1.3% Alleghany Corp. (a).................... 90 25,560 American Financial Group, Inc. ........ 707 27,085 First American Corp. .................. 1,477 66,908 Markel Corp. (a)....................... 160 50,728 Mercury General Corp. ................. 467 27,189 The Commerce Group, Inc. .............. 540 30,931 Wesco Financial Corp. ................. 30 11,550 WR Berkley Corp. ...................... 1,940 92,383 ----------- 332,334 ----------- INSURANCE BROKERS -- 0.5% Arthur J. Gallagher & Co. ............. 1,640 50,643 Brown & Brown, Inc. ................... 1,980 60,469 Erie Indemnity Co. (Class A)........... 520 27,664 ----------- 138,776 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- INVESTMENT BANKING/BROKERAGE -- 0.6% AG Edwards, Inc. ...................... 1,400 $ 65,604 Jefferies Group, Inc. ................. 870 39,132 Raymond James Financial, Inc. ......... 1,070 40,307 ----------- 145,043 ----------- INVESTMENT MANAGEMENT -- 1.3% Affiliated Managers Group, Inc. (a).... 590 47,347 Alliance Capital Management Holding LP................................... 460 25,985 Eaton Vance Corp. ..................... 2,357 64,488 Federated Investors, Inc. ............. 1,697 62,857 Janus Capital Group, Inc. ............. 4,014 74,781 Nuveen Investments, Inc. .............. 1,117 47,607 ----------- 323,065 ----------- LEISURE TIME (PRODUCTS) -- 0.9% Brunswick Corp. ....................... 1,717 69,813 Hasbro, Inc. .......................... 2,804 56,585 International Speedway Corp. (Class A)................................... 610 29,219 Polaris Industries, Inc. .............. 770 38,654 SCP Pool Corp. ........................ 937 34,875 ----------- 229,146 ----------- LODGING (HOTELS) -- 0.4% Gaylord Entertainment Co. (a).......... 700 30,513 Wynn Resorts, Ltd. (a)................. 1,217 66,752 ----------- 97,265 ----------- MACHINERY (DIVERSIFIED) -- 0.6% Graco, Inc. ........................... 1,220 44,505 IDEX Corp. ............................ 870 35,766 Joy Global, Inc. ...................... 2,070 82,800 ----------- 163,071 ----------- MANUFACTURING (DIVERSIFIED) -- 1.8% AMETEK, Inc. .......................... 1,220 51,899 Carlisle Cos., Inc. ................... 550 38,033 Harsco Corp. .......................... 737 49,755 Herman Miller, Inc. ................... 1,260 35,519 Pentair, Inc. ......................... 1,797 62,032 Roper Industries, Inc. ................ 1,517 59,937 SPX Corp. ............................. 1,347 61,652 Terex Corp. (a)........................ 877 52,094 The Brink's Co. ....................... 1,007 48,245 ----------- 459,166 ----------- MANUFACTURING (SPECIALIZED) -- 0.8% Donaldson Co., Inc. ................... 1,297 41,245 Pall Corp. ............................ 2,207 59,280 Teleflex, Inc. ........................ 640 41,587 Zebra Technologies Corp. (Class A) (a).................................. 1,270 54,419 ----------- 196,531 ----------- METAL FABRICATORS -- 0.3% Commercial Metals Co. ................. 1,047 39,305 The Timken Co. ........................ 1,467 46,973 ----------- 86,278 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 2.5% AGL Resources, Inc. ................... 1,290 44,905 Atmos Energy Corp. .................... 1,357 35,499 Energen Corp. ......................... 1,167 42,385
See accompanying notes to financial statements. 80 STREETTRACKS DJ WILSHIRE MID CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Equitable Resources, Inc. ............. 2,037 $ 74,738 Kinder Morgan Management LLC (a)....... 767 34,868 National Fuel Gas Co. ................. 1,400 43,666 ONEOK, Inc. ........................... 1,707 45,457 Piedmont Natural Gas Co., Inc. ........ 1,277 30,852 Plains All American Pipeline LP........ 960 37,987 Southern Union Co. (a)................. 1,850 43,716 TEPPCO Partners LP..................... 1,237 43,097 UGI Corp. ............................. 1,837 37,842 Valero LP.............................. 700 36,232 Vectren Corp. ......................... 1,347 36,585 Western Gas Resources, Inc. ........... 1,140 53,683 ----------- 641,512 ----------- OFFICE FURNISHINGS -- 0.2% HNI Corp. ............................. 830 45,592 ----------- OIL & GAS (DRILLING & EQUIPMENT) -- 2.1% Cooper Cameron Corp. (a)............... 2,040 84,456 FMC Technologies, Inc. (a)............. 1,220 52,362 Grant Prideco, Inc. (a)................ 2,270 100,152 Helmerich & Payne, Inc. ............... 820 50,766 Patterson-UTI Energy, Inc. ............ 3,047 100,399 Pride International, Inc. (a).......... 2,797 86,008 Rowan Cos., Inc. ...................... 1,887 67,253 ----------- 541,396 ----------- OIL & GAS (EXPLORATION/PRODUCTS) -- 2.7% Cabot Oil & Gas Corp. ................. 860 38,786 Cal Dive International, Inc. (a)....... 1,260 45,221 Cimarex Energy Co. (a)................. 1,437 61,805 Denbury Resources, Inc. (a)............ 2,127 48,453 Enterprise GP Holdings LP.............. 180 6,790 Forest Oil Corp. (a)................... 930 42,380 Plains Exploration & Production Co. (a).................................. 1,370 54,430 Pogo Producing Co. .................... 1,030 51,304 Quicksilver Resources, Inc. (a)........ 950 39,910 Range Resources Corp. ................. 2,276 59,937 Southwestern Energy Co. (a)............ 2,987 107,353 St. Mary Land & Exploration Co. ....... 1,020 37,546 Unit Corp. (a)......................... 680 37,420 Vintage Petroleum, Inc. ............... 960 51,197 ----------- 682,532 ----------- OIL & GAS (REFINING & MARKETING) -- 0.4% Frontier Oil Corp. .................... 970 36,404 Tesoro Petroleum Corp. ................ 1,187 73,060 ----------- 109,464 ----------- OIL FIELD SERVICES -- 0.2% Tidewater, Inc. ....................... 947 42,104 ----------- PAPER & RELATED PRODUCTS -- 1.0% Louisiana-Pacific Corp. ............... 1,817 49,913 Rayonier, Inc. ........................ 1,317 52,482 Smurfit-Stone Container Corp. (a)...... 4,494 63,680 Temple-Inland, Inc. ................... 2,027 90,911 ----------- 256,986 ----------- PERSONAL & HOUSEHOLD GOODS -- 0.3% Alberto-Culver Co. .................... 1,450 66,338 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- POWER PRODUCERS (INDEPENDENT) -- 0.5% NRG Energy, Inc. (a)................... 1,440 $ 67,853 Reliant Energy, Inc. (a)............... 5,281 54,500 ----------- 122,353 ----------- PUBLISHING -- 0.5% Dex Media, Inc. ....................... 1,967 53,286 John Wiley & Sons, Inc. (Class A)...... 780 30,451 Meredith Corp. ........................ 727 38,051 ----------- 121,788 ----------- PUBLISHING (NEWSPAPERS) -- 0.9% Dow Jones & Co., Inc. ................. 800 28,392 Knight Ridder, Inc. ................... 1,160 73,428 Lee Enterprises, Inc. ................. 720 26,575 McClatchy Co. (Class A)................ 360 21,276 The New York Times Co. (Class A)....... 2,597 68,691 ----------- 218,362 ----------- REAL ESTATE INVESTMENT TRUST -- 7.2% AMB Property Corp. .................... 1,567 77,049 Apartment Investment & Management Co. (Class A)............................ 1,677 63,508 Arden Realty, Inc. .................... 1,180 52,899 BRE Properties, Inc. (Class A)......... 900 40,932 Camden Property Trust.................. 917 53,113 CapitalSource, Inc. (a)................ 1,847 41,373 CarrAmerica Realty Corp. .............. 1,027 35,565 CB Richard Ellis Group, Inc. (Class A) (a).................................. 1,120 65,912 CBL & Associates Properties, Inc. ..... 1,060 41,881 Centerpoint Properties Corp. .......... 857 42,404 Crescent Real Estate Equities Co. ..... 1,757 34,824 Duke Realty Corp. ..................... 2,527 84,402 Essex Property Trust, Inc. ............ 370 34,114 Federal Realty Investment Trust........ 930 56,405 Forest City Enterprises, Inc. ......... 1,110 42,102 Global Signal, Inc. ................... 370 15,969 Health Care Property Investors, Inc. ................................ 2,347 59,989 Health Care REIT, Inc. ................ 1,017 34,476 Hospitality Properties Trust........... 1,180 47,318 HRPT Properties Trust.................. 3,537 36,608 iStar Financial, Inc. ................. 1,967 70,124 Liberty Property Trust................. 1,597 68,431 Macerich Co. .......................... 1,047 70,296 Mack-Cali Realty Corp. ................ 1,087 46,958 Mills Corp. ........................... 950 39,843 New Century Financial Corp. ........... 987 35,601 New Plan Excel Realty Trust............ 1,807 41,886 Pan Pacific Retail Properties, Inc. ... 720 48,161 Realty Income Corp. ................... 1,407 30,419 Reckson Associates Realty Corp. ....... 1,427 51,344 Regency Centers Corp. ................. 1,077 63,489 Shurgard Storage Centers, Inc. (Class A)................................... 810 45,935 SL Green Realty Corp. ................. 720 55,001 Trizec Properties, Inc. ............... 1,637 37,520 United Dominion Realty Trust, Inc. .... 2,347 55,014 Ventas, Inc. .......................... 1,817 58,180 Weingarten Realty Investors............ 1,507 56,980 ----------- 1,836,025 -----------
See accompanying notes to financial statements. 81 STREETTRACKS DJ WILSHIRE MID CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- REINSURANCE -- 0.8% Axis Capital Holdings, Ltd. ........... 2,157 $ 67,471 PartnerRe, Ltd. ....................... 967 63,503 RenaissanceRe Holdings, Ltd. .......... 1,257 55,446 Transatlantic Holdings, Inc. .......... 467 31,383 ----------- 217,803 ----------- RESTAURANTS -- 0.6% Brinker International, Inc. ........... 1,560 60,310 Outback Steakhouse, Inc. .............. 1,307 54,384 The Cheesecake Factory, Inc. (a)....... 1,377 51,486 ----------- 166,180 ----------- RETAIL (COMPUTERS & ELECTRONICS) -- 0.5% Circuit City Stores, Inc. ............. 3,187 71,995 RadioShack Corp. ...................... 2,377 49,988 ----------- 121,983 ----------- RETAIL (DEPARTMENT STORES) -- 0.3% Dillards, Inc. (Class A)............... 1,210 30,032 Saks, Inc. (a)......................... 2,227 37,547 ----------- 67,579 ----------- RETAIL (DISCOUNTERS) -- 0.6% BJ'S Wholesale Club, Inc. (a).......... 1,230 36,359 Dollar Tree Stores, Inc. (a)........... 1,927 46,132 Family Dollar Stores, Inc. ............ 2,787 69,090 ----------- 151,581 ----------- RETAIL (SPECIALTY APPAREL) -- 1.7% Abercrombie & Fitch Co. ............... 1,540 100,377 American Eagle Outfitters, Inc. ....... 2,317 53,245 AnnTaylor Stores Corp. (a)............. 1,290 44,531 Claire's Stores, Inc. ................. 1,550 45,291 Foot Locker, Inc. ..................... 2,767 65,274 Ross Stores, Inc. ..................... 2,617 75,631 Urban Outfitters, Inc. (a)............. 2,037 51,556 ----------- 435,905 ----------- RETAIL (SPECIALTY) -- 2.0% Advance Auto Parts, Inc. (a)........... 1,967 85,486 Barnes & Noble, Inc. .................. 990 42,243 CarMax, Inc. (a)....................... 1,840 50,931 Copart, Inc. (a)....................... 1,180 27,211 Michaels Stores, Inc. ................. 2,397 84,782 O'Reilly Automotive, Inc. (a).......... 1,967 62,964 OfficeMax, Inc. ....................... 1,147 29,088 PETsMART, Inc. ........................ 2,547 65,356 Williams-Sonoma, Inc. (a).............. 1,647 71,068 ----------- 519,129 ----------- RETAIL STORES (DRUG STORE) -- 0.1% Rite Aid Corp. (a)..................... 7,881 27,426 ----------- SAVINGS & LOAN COMPANIES -- 1.0% Astoria Financial Corp. ............... 1,797 52,832 Capitol Federal Financial.............. 380 12,517 Independence Community Bank Corp. ..... 1,390 55,225 New York Community Bancorp, Inc. ...... 4,264 70,441 People's Bank.......................... 1,050 32,613 Washington Federal, Inc. .............. 1,530 35,175 ----------- 258,803 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- SERVICES (ADVERTISING/MARKETING) -- 1.1% Getty Images, Inc. (a)................. 827 $ 73,826 Harte-Hanks, Inc. ..................... 900 23,751 Lamar Advertising Co. (a).............. 1,490 68,749 R.H. Donnelley Corp. (a)............... 551 33,953 The Interpublic Group of Cos., Inc. (a).................................. 7,471 72,095 ----------- 272,374 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 5.2% ADESA, Inc. ........................... 1,620 39,560 Alliance Data Systems Corp. (a)........ 1,200 42,720 Aramark Corp. ......................... 2,107 58,532 Avnet, Inc. (a)........................ 2,137 51,160 Career Education Corp. (a)............. 1,810 61,033 Checkfree Corp. (a).................... 1,360 62,424 ChoicePoint, Inc. (a).................. 1,567 69,747 Convergys Corp. (a).................... 2,507 39,736 Deluxe Corp. .......................... 890 26,825 Education Management Corp. (a)......... 1,210 40,547 Equifax, Inc. ......................... 2,387 90,754 Fastenal Co. .......................... 2,487 97,466 Ingram Micro, Inc. (Class A) (a)....... 2,417 48,171 Iron Mountain, Inc. (a)................ 1,947 82,202 ITT Educational Services, Inc. (a)..... 810 47,879 Laidlaw International, Inc. ........... 1,837 42,674 Laureate Education, Inc. (a)........... 790 41,483 Pharmaceutical Product Development, Inc. ................................ 887 54,950 Sabre Holdings Corp.(Class A).......... 2,427 58,515 Service Corp. International............ 5,484 44,859 The Corporate Executive Board Co. ..... 730 65,481 The Service Master Co. ................ 5,171 61,793 Valassis Communications, Inc. (a)...... 917 26,657 VCA Antech, Inc. (a)................... 1,450 40,890 Weight Watchers International, Inc. (a).................................. 720 35,590 ----------- 1,331,648 ----------- SERVICES (DATA PROCESSING) -- 1.4% Certegy, Inc. ......................... 1,107 44,900 Dun & Bradstreet Corp. (a)............. 1,220 81,691 Fair Isaac Corp. ...................... 1,190 52,562 Global Payments, Inc. ................. 1,440 67,119 MoneyGram International, Inc. ......... 1,567 40,867 NAVTEQ Corp. (a)....................... 1,587 69,622 Total System Services, Inc. ........... 667 13,200 ----------- 369,961 ----------- SERVICES (EMPLOYMENT) -- 0.7% Hewitt Associates, Inc. (Class A) (a).................................. 890 24,929 Manpower, Inc. ........................ 1,597 74,261 Monster Worldwide, Inc. (a)............ 1,920 78,374 ----------- 177,564 ----------- STEEL -- 0.2% Allegheny Technologies, Inc. .......... 1,477 53,290 ----------- TELEPHONE -- 0.8% CenturyTel, Inc. ...................... 2,247 74,511 Citizens Communications Co. ........... 5,934 72,573 Telephone & Data Systems, Inc. ........ 1,817 65,466 ----------- 212,550 -----------
See accompanying notes to financial statements. 82 STREETTRACKS DJ WILSHIRE MID CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TEXTILES (APPAREL) -- 0.8% Jones Apparel Group, Inc. ............. 2,157 $ 66,263 Liz Claiborne, Inc. ................... 1,927 69,025 Polo Ralph Lauren Corp. ............... 1,050 58,947 ----------- 194,235 ----------- TOBACCO -- 0.2% Loews Corp. (Carolina Group)........... 1,426 62,730 ----------- TRANSPORTATION -- 0.5% Alexander & Baldwin, Inc. ............. 770 41,765 Overseas Shipholding Group, Inc. ...... 580 29,226 Teekay Shipping Corp. ................. 857 34,194 UTI Worldwide, Inc. ................... 330 30,637 ----------- 135,822 ----------- TRUCKING -- 0.9% CNF, Inc. ............................. 937 52,369 J.B. Hunt Transport Services, Inc. .... 2,227 50,419 Landstar Systems, Inc. ................ 1,057 44,119 Ryder Systems, Inc. ................... 1,137 46,640 YRC Worldwide, Inc (a)................. 960 42,826 ----------- 236,373 ----------- TRUCKS & PARTS -- 0.6% Cummins, Inc. ......................... 700 62,811 Navistar International Corp. (a)....... 1,097 31,396 Oshkosh Truck Corp. ................... 1,297 57,833 ----------- 152,040 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- WASTE MANAGEMENT -- 0.3% Republic Services, Inc. ............... 2,147 $ 80,620 ----------- TOTAL COMMON STOCKS -- (Cost $24,927,671)................... 25,456,178 ----------- SHORT TERM INVESTMENTS -- 0.2% MONEY MARKET FUND -- 0.2% AIM Short Term Investment Class Prime Fund (Cost $58,879)...... 58,879 58,879 ----------- TOTAL INVESTMENTS -- 99.6% (Cost $24,986,550)......................... 25,515,057 OTHER ASSETS AND LIABILITIES -- 0.4%.................. 102,283 ----------- NET ASSETS -- 100.0%................... $25,617,340 =========== (a) Non-income producing security
See accompanying notes to financial statements. 83 STREETTRACKS DJ WILSHIRE MID CAP GROWTH ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.4% AEROSPACE/DEFENSE -- 0.4% Alliant Techsystems, Inc. (a).......... 1,350 $ 102,829 ----------- AIRLINES -- 0.4% JetBlue Airways Corp. (a).............. 5,784 88,958 ----------- AUTO PARTS & EQUIPMENT -- 0.9% BorgWarner, Inc. ...................... 2,007 121,684 Gentex Corp. .......................... 5,713 111,404 ----------- 233,088 ----------- BANKS (REGIONAL) -- 0.3% Investors Financial Services Corp. .... 2,385 87,840 ----------- BEVERAGES (NON-ALCOHOLIC) -- 0.2% PepsiAmericas, Inc. ................... 2,475 57,569 ----------- BIOTECHNOLOGY -- 3.3% Affymetrix, Inc. (a)................... 2,378 113,550 Charles River Laboratories International, Inc. (a).............. 2,583 109,442 ImClone Systems, Inc. (a).............. 2,385 81,662 Invitrogen Corp. (a)................... 1,899 126,549 Millennium Pharmaceuticals, Inc. (a)... 11,046 107,146 Millipore Corp. (a).................... 1,782 117,683 PDL Biopharma, Inc. (a)................ 4,116 116,977 Techne Corp. (a)....................... 1,314 73,781 ----------- 846,790 ----------- BROADCASTING (TV, RADIO & CABLE) -- 0.2% Westwood One, Inc. .................... 2,691 43,863 ----------- BUILDING MATERIALS -- 0.4% Florida Rock Industries, Inc. ......... 1,833 89,927 ----------- CELLULAR/WIRELESS TELECOMMUNICATIONS -- 1.4% Alamosa Holdings, Inc. (a)............. 5,370 99,936 NII Holdings, Inc. (a)................. 4,924 215,080 US Cellular Corp. (a).................. 555 27,417 ----------- 342,433 ----------- CHEMICALS (DIVERSIFIED) -- 0.2% Celanese Corp. ........................ 2,630 50,286 ----------- CHEMICALS (SPECIALTY) -- 1.1% Sigma-Aldrich Corp. ................... 2,124 134,428 The Mosaic Co. (a)..................... 4,542 66,449 The Scotts Co. (Class A)............... 1,620 73,289 ----------- 274,166 ----------- COAL -- 0.7% Arch Coal, Inc. ....................... 2,214 176,013 ----------- COMMUNICATIONS EQUIPMENT -- 1.7% Avaya, Inc. (a)........................ 16,412 175,116 Avid Technology, Inc. (a).............. 1,494 81,812 JDS Uniphase Corp. (a)................. 57,990 136,856 West Corp. (a)......................... 954 40,211 ----------- 433,995 ----------- COMPUTER SOFTWARE/SERVICES -- 6.3% Activision, Inc. (a)................... 9,879 135,738 BEA Systems, Inc. (a).................. 14,196 133,442 Ceridian Corp. (a)..................... 5,452 135,482 Citrix Systems, Inc. (a)............... 6,390 183,904 Diebold, Inc. ......................... 2,583 98,154
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- DST Systems, Inc. (a).................. 2,277 $ 136,415 Emdeon Corp. (a)....................... 10,579 89,498 McAfee, Inc. (a)....................... 6,122 166,090 Mercury Interactive Corp. (a).......... 3,039 84,454 Pixar (a).............................. 2,070 109,130 Red Hat, Inc. (a)...................... 6,061 165,102 Salesforce.com, Inc. (a)............... 2,817 90,285 Sybase, Inc. (a)....................... 3,231 70,630 ----------- 1,598,324 ----------- COMPUTERS (PERIPHERALS) -- 0.6% Western Digital Corp. (a).............. 7,886 146,758 ----------- CONSUMER FINANCE -- 0.7% AmeriCredit Corp. (a).................. 5,116 131,123 Student Loan Corp. .................... 144 30,129 WFS Financial, Inc. (a)................ 234 17,819 ----------- 179,071 ----------- CONTAINERS (METALS & GLASS) -- 1.1% Ball Corp. ............................ 3,678 146,090 Crown Holdings, Inc. (a)............... 6,109 119,309 ----------- 265,399 ----------- CONTAINERS / PACKAGING (PAPER & PLASTIC) -- 0.5% Pactiv Corp. (a)....................... 5,215 114,730 ----------- ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.8% CDW Corp. ............................. 2,240 128,957 Sanmina-SCI Corp. (a).................. 18,765 79,939 ----------- 208,896 ----------- ELECTRONICS (INSTRUMENT) -- 1.8% Amphenol Corp. (Class A)............... 3,156 139,684 Cogent, Inc. (a)....................... 1,401 31,775 FLIR Systems, Inc. (a)................. 2,463 54,999 National Instruments Corp. ............ 1,899 60,863 Thermo Electron Corp. (a).............. 5,893 177,556 ----------- 464,877 ----------- ELECTRONICS (SEMICONDUCTORS) -- 2.9% Fairchild Semiconductor International, Inc. (a)............................. 4,299 72,696 International Rectifier Corp. (a)...... 2,600 82,940 Intersil Corp. (Class A)............... 5,618 139,776 MEMC Electronic Materials, Inc. (a).... 5,397 119,651 NVIDIA Corp. (a)....................... 5,866 214,461 QLogic Corp. (a)....................... 3,105 100,944 ----------- 730,468 ----------- ENGINEERING & CONSTRUCTION -- 0.6% Jacobs Engineering Group, Inc. (a)..... 2,125 144,224 ----------- ENTERTAINMENT -- 0.3% DreamWorks Animation SKG, Inc. (Class A) (a)............................... 1,602 39,345 Warner Music Group Corp. .............. 1,688 32,528 ----------- 71,873 ----------- ENVIRONMENTAL CONTROL -- 0.6% Allied Waste Industries, Inc. (a)...... 7,662 66,966 Stericycle, Inc. (a)................... 1,629 95,915 ----------- 162,881 -----------
See accompanying notes to financial statements. 84 STREETTRACKS DJ WILSHIRE MID CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- EQUIPMENT (SEMICONDUCTORS) -- 1.2% Lam Research Corp. (a)................. 4,928 $ 175,831 Novellus Systems, Inc. (a)............. 5,158 124,411 ----------- 300,242 ----------- FINANCIAL (DIVERSIFIED) -- 0.4% SEI Investments Co. ................... 2,402 88,874 ----------- FOOTWEAR -- 0.7% Reebok International, Ltd. ............ 1,773 103,242 The Timberland Co. (Class A) (a)....... 2,016 65,621 ----------- 168,863 ----------- GAMING & LOTTERY -- 1.9% Boyd Gaming Corp. ..................... 1,665 79,354 GTECH Holdings Corp. (a)............... 4,548 144,353 Penn National Gaming, Inc. (a)......... 2,241 73,841 Scientific Games Corp. (ClassA) (a).... 2,449 66,809 Station Casinos, Inc. ................. 1,737 117,769 ----------- 482,126 ----------- GOLD/PRECIOUS METALS MINING -- 0.5% Glamis Gold, Ltd. (a).................. 4,816 132,344 ----------- HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 4.3% American Pharmaceutical Partners, Inc. (a).................................. 849 32,933 Cephalon, Inc. (a)..................... 2,043 132,264 Endo Pharmaceuticals Holdings, Inc. (a).................................. 4,007 121,252 IVAX Corp. (a)......................... 8,007 250,859 King Pharmaceuticals, Inc. (a)......... 8,806 148,997 Kos Pharmaceuticals, Inc. (a).......... 822 42,522 Medicis Pharmaceutical Corp. (Class A)................................... 2,016 64,613 Mylan Laboratories, Inc. .............. 7,954 158,762 Watson Pharmaceuticals, Inc. (a)....... 3,839 124,806 ----------- 1,077,008 ----------- HEALTH CARE (HOSPITAL MANAGEMENT) -- 1.3% Community Health Systems, Inc. (a)..... 3,138 120,311 Triad Hospitals, Inc. (a).............. 3,075 120,632 Universal Health Services, Inc. (Class B)................................... 1,862 87,030 ----------- 327,973 ----------- HEALTH CARE (MANAGED CARE) -- 2.9% Health Net, Inc. (a)................... 4,132 213,005 Lincare Holdings, Inc. (a)............. 3,615 151,505 Manor Care, Inc. ...................... 2,850 113,344 Omnicare, Inc. ........................ 4,350 248,907 WellPoint, Inc. (a).................... 4 337 ----------- 727,098 ----------- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 8.1% Amylin Pharmaceuticals, Inc. (a)....... 3,606 143,951 Bausch & Lomb, Inc. ................... 1,917 130,164 Beckman Coulter, Inc. ................. 2,229 126,830 Covance, Inc. (a)...................... 2,256 109,529 Cytyc Corp. (a)........................ 4,095 115,602 Dade Behring Holdings, Inc. ........... 3,213 131,380 Dentsply International, Inc. .......... 2,574 138,198 Edwards Lifesciences Corp. (a)......... 2,142 89,129 Gen-Probe, Inc. (a).................... 1,788 87,236 Henry Schein, Inc. (a)................. 3,114 135,895
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- IDEXX Laboratories, Inc. (a)........... 1,212 $ 87,240 INAMED Corp. (a)....................... 1,378 120,823 Intuitive Surgical, Inc. (a)........... 1,315 154,210 Kinetic Concepts, Inc. (a)............. 1,827 72,641 Mentor Corp. .......................... 1,438 66,263 ResMed, Inc. (a)....................... 2,539 97,269 Respironics, Inc. (a).................. 2,626 97,346 Sierra Health Services, Inc. (a)....... 936 74,843 The Cooper Cos., Inc. ................. 1,581 81,105 ----------- 2,059,654 ----------- HEALTH CARE (SPECIAL SERVICES) -- 1.8% Cerner Corp. (a)....................... 1,117 101,546 DaVita, Inc. (a)....................... 3,600 182,304 LifePoint Hospitals, Inc. (a).......... 1,845 69,188 Renal Care Group, Inc. (a)............. 2,412 114,112 ----------- 467,150 ----------- HOMEBUILDING -- 0.9% Hovnanian Enterprises, Inc. (a)........ 1,260 62,546 Meritage Homes Corp. (a)............... 807 50,777 Ryland Group, Inc. .................... 1,710 123,342 ----------- 236,665 ----------- HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.8% Church & Dwight Co., Inc. ............. 2,286 75,507 Energizer Holdings, Inc. (a)........... 2,547 126,815 ----------- 202,322 ----------- INDUSTRIAL GOODS & SERVICES -- 0.3% MSC Industrial Direct Co., Inc. (Class A)................................... 1,647 66,242 ----------- INSURANCE (MULTI-LINE) -- 0.5% HCC Insurance Holdings, Inc. .......... 4,068 120,738 ----------- INSURANCE (PROPERTY/CASUALTY) -- 1.7% First American Corp. .................. 3,006 136,172 Markel Corp. (a)....................... 333 105,578 WR Berkley Corp. ...................... 3,951 188,146 ----------- 429,896 ----------- INSURANCE BROKERS -- 0.5% Brown & Brown, Inc. ................... 4,032 123,137 ----------- INVESTMENT MANAGEMENT -- 0.9% Affiliated Managers Group, Inc. (a).... 1,206 96,781 Eaton Vance Corp. ..................... 4,797 131,246 ----------- 228,027 ----------- LEISURE TIME (PRODUCTS) -- 0.8% International Speedway Corp. (Class A)................................... 1,248 59,779 Polaris Industries, Inc. .............. 1,563 78,463 SCP Pool Corp. ........................ 1,899 70,681 ----------- 208,923 ----------- LODGING (HOTELS) -- 0.5% Wynn Resorts, Ltd. (a)................. 2,475 135,754 ----------- MACHINERY (DIVERSIFIED) -- 1.0% Graco, Inc. ........................... 2,484 90,616 Joy Global, Inc. ...................... 4,212 168,480 ----------- 259,096 -----------
See accompanying notes to financial statements. 85 STREETTRACKS DJ WILSHIRE MID CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- MANUFACTURING (DIVERSIFIED) -- 0.9% AMETEK, Inc. .......................... 2,490 $ 105,924 Roper Industries, Inc. ................ 3,084 121,849 ----------- 227,773 ----------- MANUFACTURING (SPECIALIZED) -- 0.8% Donaldson Co., Inc. ................... 2,634 83,761 Zebra Technologies Corp. (Class A) (a).................................. 2,583 110,682 ----------- 194,443 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 1.7% Energen Corp. ......................... 2,376 86,296 Equitable Resources, Inc. ............. 4,146 152,117 Kinder Morgan Management LLC (a)....... 1,657 75,327 Western Gas Resources, Inc. ........... 2,319 109,202 ----------- 422,942 ----------- OFFICE FURNISHINGS -- 0.3% HNI Corp. ............................. 1,583 86,954 ----------- OIL & GAS (DRILLING & EQUIPMENT) -- 4.4% Cooper Cameron Corp. (a)............... 4,160 172,224 FMC Technologies, Inc. (a)............. 2,490 106,871 Grant Prideco, Inc. (a)................ 4,719 208,202 Helmerich & Payne, Inc. ............... 1,665 103,080 Patterson-UTI Energy, Inc. ............ 6,291 207,289 Pride International, Inc. (a).......... 5,794 178,166 Rowan Cos., Inc. ...................... 3,949 140,742 ----------- 1,116,574 ----------- OIL & GAS (EXPLORATION/PRODUCTS) -- 4.7% Cabot Oil & Gas Corp. ................. 1,752 79,015 Cal Dive International, Inc. (a)....... 2,574 92,381 Cimarex Energy Co. (a)................. 2,925 125,804 Denbury Resources, Inc. (a)............ 4,221 96,154 Enterprise GP Holdings LP.............. 378 14,258 Plains Exploration & Production Co. (a).................................. 2,787 110,728 Pogo Producing Co. .................... 1,994 99,321 Quicksilver Resources, Inc. (a)........ 1,926 80,911 Range Resources Corp. ................. 4,626 121,849 Southwestern Energy Co. (a)............ 6,062 217,868 St. Mary Land & Exploration Co. ....... 2,076 76,418 Unit Corp. (a)......................... 1,386 76,272 ----------- 1,190,979 ----------- OIL & GAS (REFINING & MARKETING) -- 0.3% Frontier Oil Corp. .................... 1,971 73,972 ----------- PERSONAL & HOUSEHOLD GOODS -- 0.5% Alberto-Culver Co. .................... 2,952 135,054 ----------- PUBLISHING -- 0.7% Dex Media, Inc. ....................... 4,005 108,495 John Wiley & Sons, Inc. (Class A)...... 1,593 62,191 ----------- 170,686 ----------- PUBLISHING (NEWSPAPERS) -- 0.2% Dow Jones & Co., Inc. ................. 1,626 57,707 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- REAL ESTATE INVESTMENT TRUST -- 1.3% CapitalSource, Inc. (a)................ 3,843 $ 86,083 CB Richard Ellis Group, Inc. (Class A) (a).................................. 2,181 128,352 Forest City Enterprises, Inc. ......... 2,259 85,684 Global Signal, Inc. ................... 753 32,499 ----------- 332,618 ----------- REINSURANCE -- 0.5% Axis Capital Holdings, Ltd. ........... 4,380 137,006 ----------- RESTAURANTS -- 1.3% Brinker International, Inc. ........... 3,177 122,823 Outback Steakhouse, Inc. .............. 2,655 110,474 The Cheesecake Factory, Inc. (a)....... 2,799 104,655 ----------- 337,952 ----------- RETAIL (DISCOUNTERS) -- 1.2% BJ'S Wholesale Club, Inc. (a).......... 2,508 74,136 Dollar Tree Stores, Inc. (a)........... 3,924 93,941 Family Dollar Stores, Inc. ............ 5,767 142,964 ----------- 311,041 ----------- RETAIL (SPECIALTY APPAREL) -- 3.6% Abercrombie & Fitch Co. ............... 3,138 204,535 American Eagle Outfitters, Inc. ....... 4,808 110,488 AnnTaylor Stores Corp. (a)............. 2,628 90,719 Claire's Stores, Inc. ................. 3,252 95,023 Foot Locker, Inc. ..................... 5,740 135,407 Ross Stores, Inc. ..................... 5,416 156,522 Urban Outfitters, Inc. (a)............. 4,246 107,466 ----------- 900,160 ----------- RETAIL (SPECIALTY) -- 3.6% Advance Auto Parts, Inc. (a)........... 3,996 173,666 CarMax, Inc. (a)....................... 3,744 103,634 Copart, Inc. (a)....................... 2,409 55,552 Michaels Stores, Inc. ................. 4,884 172,747 O'Reilly Automotive, Inc. (a).......... 4,002 128,104 PETsMART, Inc. ........................ 5,272 135,279 Williams-Sonoma, Inc. (a).............. 3,354 144,725 ----------- 913,707 ----------- SERVICES (ADVERTISING/MARKETING) -- 1.6% Getty Images, Inc. (a)................. 1,783 159,168 Harte-Hanks, Inc. ..................... 1,836 48,452 Lamar Advertising Co. (a).............. 3,033 139,943 R.H. Donnelley Corp. (a)............... 1,125 69,323 ----------- 416,886 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 7.0% Alliance Data Systems Corp. (a)........ 2,529 90,032 Aramark Corp. ......................... 4,290 119,176 Career Education Corp. (a)............. 3,587 120,954 Checkfree Corp. (a).................... 2,758 126,592 ChoicePoint, Inc. (a).................. 3,192 142,076 Convergys Corp. (a).................... 5,100 80,835 Education Management Corp. (a)......... 2,457 82,334 Fastenal Co. .......................... 5,164 202,377 Iron Mountain, Inc. (a)................ 3,966 167,445 ITT Educational Services, Inc. (a)..... 1,647 97,354 Laureate Education, Inc. (a)........... 1,608 84,436 Pharmaceutical Product Development, Inc. ................................ 1,806 111,882
See accompanying notes to financial statements. 86 STREETTRACKS DJ WILSHIRE MID CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- The Corporate Executive Board Co. ..... 1,491 $ 133,743 Valassis Communications, Inc. (a)...... 1,863 54,157 VCA Antech, Inc. (a)................... 2,949 83,162 Weight Watchers International, Inc. (a).................................. 1,458 72,069 ----------- 1,768,624 ----------- SERVICES (DATA PROCESSING) -- 2.9% Certegy, Inc. ......................... 2,250 91,260 Dun & Bradstreet Corp. (a)............. 2,484 166,329 Fair Isaac Corp. ...................... 2,421 106,936 Global Payments, Inc. ................. 2,827 131,766 MoneyGram International, Inc. ......... 3,086 80,483 NAVTEQ Corp. (a)....................... 3,228 141,612 Total System Services, Inc. ........... 1,350 26,716 ----------- 745,102 ----------- SERVICES (EMPLOYMENT) -- 1.4% Hewitt Associates, Inc. (Class A) (a).................................. 1,910 53,499 Manpower, Inc. ........................ 3,146 146,289 Monster Worldwide, Inc. (a)............ 3,912 159,688 ----------- 359,476 ----------- TEXTILES (APPAREL) -- 0.6% Liz Claiborne, Inc. ................... 3,924 140,558 ----------- TRANSPORTATION -- 0.2% UTI Worldwide, Inc. ................... 675 62,667 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TRUCKING -- 0.8% J.B. Hunt Transport Services, Inc. .... 4,533 $ 102,627 Landstar Systems, Inc. ................ 2,151 89,783 ----------- 192,410 ----------- TRUCKS & PARTS -- 0.5% Oshkosh Truck Corp. ................... 2,637 117,584 ----------- TOTAL COMMON STOCKS -- (Cost $24,593,775)......................... 25,170,265 ----------- SHORT TERM INVESTMENTS -- 0.3% MONEY MARKET FUND -- 0.3% AIM Short Term Investment Class Prime Fund (Cost $93,378).................. 93,378 93,378 ----------- TOTAL INVESTMENTS -- 99.7% (Cost $24,687,153)................... 25,263,643 OTHER ASSETS AND LIABILITIES -- 0.3% 63,492 ----------- NET ASSETS -- 100.0%................... $25,327,135 =========== (a) Non-income producing security
See accompanying notes to financial statements. 87 STREETTRACKS DJ WILSHIRE MID CAP VALUE ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.7% AUTO PARTS & EQUIPMENT -- 0.9% Dana Corp. ............................ 5,298 $ 38,040 Lear Corp. ............................ 2,417 68,788 The Goodyear Tire & Rubber Co. (a)..... 6,185 107,495 TRW Automotive Holdings Corp. (a)...... 850 22,397 ----------- 236,720 ----------- BANKS (REGIONAL) -- 7.8% Associated BancCorp. .................. 4,461 145,206 Bank of Hawaii Corp. .................. 1,887 97,256 BOK Financial Corp. ................... 1,017 46,202 City National Corp. ................... 1,607 116,411 Colonial BancGroup, Inc. .............. 5,431 129,366 Commerce Bancshares, Inc. ............. 2,424 126,339 Cullen/Frost Bankers, Inc. ............ 1,827 98,073 First Horizon National Corp. .......... 4,351 167,253 FirstMerit Corp. ...................... 2,764 71,615 Fulton Financial Corp. ................ 5,538 97,469 Hudson United Bancorp.................. 1,587 66,146 International Bancshares Corp. ........ 1,757 51,586 Mercantile Bankshares Corp. ........... 2,891 163,168 Sky Financial Group, Inc. ............. 3,771 104,909 South Financial Group, Inc. ........... 2,594 71,439 TCF Financial Corp. ................... 4,528 122,890 TD Banknorth, Inc. .................... 2,994 86,976 Valley National Bancorp................ 3,921 94,496 Webster Financial Corp. ............... 1,897 88,969 Wilmington Trust Corp. ................ 2,377 92,489 ----------- 2,038,258 ----------- BEVERAGES (ALCOHOLIC) -- 1.1% Brown-Forman Corp. .................... 1,937 134,273 Molson Coors Brewing Co. .............. 2,424 162,384 ----------- 296,657 ----------- BEVERAGES (NON-ALCOHOLIC) -- 0.5% Aqua America, Inc. .................... 4,468 121,976 ----------- BIOTECHNOLOGY -- 0.7% Applera Corp. -- Applied Biosystems Group................................ 7,115 188,974 ----------- BROADCASTING (TV, RADIO & CABLE) -- 0.8% Belo Corp. ............................ 3,431 73,458 Discovery Holding Co. (Class A) (a).... 9,879 149,667 ----------- 223,125 ----------- BUILDING MATERIALS -- 1.3% Eagle Materials, Inc. ................. 647 79,167 Lafarge North America, Inc. ........... 1,067 58,706 Martin Marietta Materials, Inc. ....... 1,657 127,125 USG Corp. (a).......................... 1,137 73,905 ----------- 338,903 ----------- CHEMICALS (DIVERSIFIED) -- 0.8% Airgas, Inc. .......................... 2,267 74,584 FMC Corp. (a).......................... 1,310 69,653 Huntsman Corp. (a)..................... 3,184 54,829 ----------- 199,066 ----------- CHEMICALS (SPECIALTY) -- 3.9% Ashland, Inc. ......................... 2,567 148,629 Cabot Corp. ........................... 1,977 70,777
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Chemtura Corp. ........................ 8,222 $ 104,419 Cytec Industries, Inc. ................ 1,327 63,205 Eastman Chemical Co. .................. 2,894 149,301 Engelhard Corp. ....................... 4,281 129,072 International Flavors & Fragrances, Inc. ................................ 3,064 102,644 Lubrizol Corp. ........................ 2,374 103,103 RPM, Inc. ............................. 4,091 71,061 Valspar Corp. ......................... 3,331 82,176 ----------- 1,024,387 ----------- COAL -- 1.2% CONSOL Energy, Inc. ................... 3,271 213,204 Massey Energy Co. ..................... 2,674 101,264 ----------- 314,468 ----------- COMMUNICATIONS EQUIPMENT -- 1.1% ADC Telecommunications, Inc. (a)....... 4,081 91,170 PanAmSat Holding Corp. ................ 1,807 44,271 Tellabs, Inc. (a)...................... 14,537 158,453 ----------- 293,894 ----------- COMPUTER SOFTWARE/SERVICES -- 3.7% BMC Software, Inc. (a)................. 7,665 157,056 Cadence Design Systems, Inc. (a)....... 9,639 163,092 Compuware Corp. (a).................... 12,173 109,192 Novell, Inc. (a)....................... 13,253 117,024 Siebel Systems, Inc. .................. 16,764 177,363 Synopsys, Inc. (a)..................... 5,118 102,667 The Reynolds & Reynolds Co. ........... 2,277 63,915 Unisys Corp. (a)....................... 11,946 69,645 ----------- 959,954 ----------- CONSUMER FINANCE -- 0.2% Westcorp............................... 847 56,419 ----------- CONTAINERS (METALS & GLASS) -- 0.4% Owens-Illinois, Inc. (a)............... 4,938 103,896 ----------- CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 1.6% Bemis Co. ............................. 3,771 105,098 Packaging Corp. of America............. 2,184 50,123 Sealed Air Corp. (a)................... 2,954 165,926 Sonoco Products Co. ................... 3,481 102,341 ----------- 423,488 ----------- DISTRIBUTION/WHOLESALE -- 0.3% Hughes Supply, Inc. ................... 2,327 83,423 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 0.6% SUPERVALU, Inc. ....................... 4,761 154,637 ----------- ELECTRIC UTILITIES -- 8.7% Allegheny Energy, Inc. (a)............. 5,718 180,975 Alliant Energy Corp. .................. 4,101 114,992 CenterPoint Energy, Inc. .............. 9,579 123,090 CMS Energy Corp. (a)................... 7,715 111,945 DPL, Inc. ............................. 4,231 110,048 Energy East Corp. ..................... 5,191 118,355 Great Plains Energy, Inc. ............. 2,624 73,367 Hawaiian Electric Industries, Inc. .... 2,834 73,401 MDU Resources Group, Inc. ............. 3,931 128,701 Northeast Utilities.................... 5,321 104,771 NSTAR.................................. 3,761 107,941 OGE Energy Corp. ...................... 3,174 85,031
See accompanying notes to financial statements. 88 STREETTRACKS DJ WILSHIRE MID CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Pepco Holdings, Inc. .................. 6,645 $ 148,649 Pinnacle West Capital Corp. ........... 3,441 142,285 Puget Energy, Inc. .................... 4,051 82,721 SCANA Corp. ........................... 3,604 141,926 TECO Energy, Inc. ..................... 7,045 121,033 Westar Energy, Inc. ................... 3,014 64,801 Wisconsin Energy Corp. ................ 4,121 160,966 WPS Resources Corp. ................... 1,517 83,905 ----------- 2,278,903 ----------- ELECTRICAL EQUIPMENT -- 0.7% Hubbell, Inc. (Class B)................ 2,034 91,774 Thomas & Betts Corp. (a)............... 2,177 91,347 ----------- 183,121 ----------- ELECTRONICS (COMPONENT DISTRIBUTION) -- 1.6% Arrow Electronics, Inc. (a)............ 4,161 133,277 Solectron Corp. (a).................... 34,278 125,458 Tech Data Corp. (a).................... 2,047 81,225 Vishay Intertechnology, Inc. (a)....... 5,948 81,844 ----------- 421,804 ----------- ELECTRONICS (INSTRUMENT) -- 1.6% Molex, Inc. ........................... 4,621 119,915 PerkinElmer, Inc. ..................... 4,251 100,153 Symbol Technologies, Inc. ............. 8,552 109,637 Tektronix, Inc. ....................... 2,981 84,094 ----------- 413,799 ----------- ELECTRONICS (SEMICONDUCTORS) -- 0.7% Cypress Semiconductor Corp. (a)........ 4,711 67,132 LSI Logic Corp. (a).................... 13,673 109,384 ----------- 176,516 ----------- ENTERTAINMENT -- 0.1% Regal Entertainment Group.............. 1,617 30,755 ----------- ENVIRONMENTAL CONTROL -- 0.2% Nalco Holding Co. (a).................. 2,951 52,262 ----------- EQUIPMENT (SEMICONDUCTORS) -- 0.4% Teradyne, Inc. (a)..................... 6,845 99,732 ----------- FINANCIAL (DIVERSIFIED) -- 0.8% IndyMac Bancorp, Inc. ................. 2,204 86,000 IntercontinentalExchange, Inc. (a)..... 600 21,810 Thornburg Mortgage, Inc. .............. 3,551 93,036 ----------- 200,846 ----------- FOOD PRODUCTS -- 1.8% Del Monte Foods Co. (a)................ 7,025 73,271 Hormel Foods Corp. .................... 2,617 85,524 JM Smucker Co. ........................ 2,054 90,376 McCormick & Co., Inc. ................. 4,171 128,967 Smithfield Foods, Inc. (a)............. 3,274 100,184 ----------- 478,322 ----------- GOLD/PRECIOUS METALS MINING -- 0.3% Meridian Gold, Inc. (a)................ 3,494 76,414 ----------- HAND/MACHINE TOOLS -- 0.8% Snap-on, Inc. ......................... 1,847 69,374 The Stanley Works...................... 3,004 144,312 ----------- 213,686 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 0.8% Advanced Medical Optics, Inc. (a)...... 2,294 $ 95,889 Hillenbrand Industries, Inc. .......... 2,057 101,636 ----------- 197,525 ----------- HOMEBUILDING -- 1.0% Beazer Homes USA, Inc. ................ 1,377 100,301 M.D.C. Holdings, Inc. ................. 1,170 72,517 Standard Pacific Corp. ................ 2,394 88,099 ----------- 260,917 ----------- HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.6% Leggett & Platt, Inc. ................. 6,728 154,475 ----------- INSURANCE (FINANCIAL GUARANTEE) -- 1.2% PMI Group, Inc. ....................... 3,304 135,695 Radian Group, Inc. .................... 3,034 177,762 ----------- 313,457 ----------- INSURANCE (LIFE/HEALTH) -- 1.7% AmerUs Group Co. ...................... 1,377 78,035 Conseco, Inc. (a)...................... 5,318 123,218 Protective Life Corp. ................. 2,264 99,095 Reinsurance Group America, Inc. ....... 1,167 55,736 StanCorp Financial Group, Inc. ........ 2,000 99,900 ----------- 455,984 ----------- INSURANCE (MULTI-LINE) -- 1.9% American National Insurance Co. ....... 557 65,163 Hanover Insurance Group, Inc. ......... 1,877 78,402 Leucadia National Corp. ............... 2,844 134,976 Old Republic International Corp. ...... 6,048 158,821 Unitrin, Inc. ......................... 1,577 71,044 ----------- 508,406 ----------- INSURANCE (PROPERTY/CASUALTY) -- 0.9% Alleghany Corp. (a).................... 180 51,120 American Financial Group, Inc. ........ 1,407 53,902 Mercury General Corp. ................. 927 53,970 The Commerce Group, Inc. .............. 1,077 61,691 Wesco Financial Corp. ................. 50 19,250 ----------- 239,933 ----------- INSURANCE BROKERS -- 0.6% Arthur J. Gallagher & Co. ............. 3,274 101,101 Erie Indemnity Co. (Class A)........... 1,037 55,168 ----------- 156,269 ----------- INVESTMENT BANKING/BROKERAGE -- 1.1% AG Edwards, Inc. ...................... 2,694 126,241 Jefferies Group, Inc. ................. 1,737 78,130 Raymond James Financial, Inc. ......... 2,137 80,501 ----------- 284,872 ----------- INVESTMENT MANAGEMENT -- 1.6% Alliance Capital Management Holding LP................................... 910 51,406 Federated Investors, Inc. ............. 3,381 125,232 Janus Capital Group, Inc. ............. 8,002 149,077 Nuveen Investments, Inc. .............. 2,227 94,915 ----------- 420,630 -----------
See accompanying notes to financial statements. 89 STREETTRACKS DJ WILSHIRE MID CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- LEISURE TIME (PRODUCTS) -- 1.0% Brunswick Corp. ....................... 3,414 $ 138,813 Hasbro, Inc. .......................... 5,588 112,766 ----------- 251,579 ----------- LODGING (HOTELS) -- 0.2% Gaylord Entertainment Co. (a).......... 1,397 60,895 ----------- MACHINERY (DIVERSIFIED) -- 0.3% IDEX Corp. ............................ 1,737 71,408 ----------- MANUFACTURING (DIVERSIFIED) -- 2.7% Carlisle Cos., Inc. ................... 1,097 75,857 Harsco Corp. .......................... 1,467 99,037 Herman Miller, Inc. ................... 2,514 70,870 Pentair, Inc. ......................... 3,574 123,374 SPX Corp. ............................. 2,684 122,847 Terex Corp. (a)........................ 1,744 103,594 The Brink's Co. ....................... 2,104 100,803 ----------- 696,382 ----------- MANUFACTURING (SPECIALIZED) -- 0.8% Pall Corp. ............................ 4,391 117,942 Teleflex, Inc. ........................ 1,280 83,175 ----------- 201,117 ----------- METAL FABRICATORS -- 0.6% Commercial Metals Co. ................. 2,077 77,971 The Timken Co. ........................ 2,924 93,626 ----------- 171,597 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 3.3% AGL Resources, Inc. ................... 2,574 89,601 Atmos Energy Corp. .................... 2,794 73,091 National Fuel Gas Co. ................. 2,784 86,833 ONEOK, Inc. ........................... 3,194 85,056 Piedmont Natural Gas Co., Inc. ........ 2,537 61,294 Plains All American Pipeline LP........ 1,907 75,460 Southern Union Co. (a)................. 3,691 87,218 TEPPCO Partners LP..................... 2,464 85,846 UGI Corp. ............................. 3,654 75,273 Valero LP.............................. 1,300 67,288 Vectren Corp. ......................... 2,677 72,707 ----------- 859,667 ----------- OIL & GAS (EXPLORATION/PRODUCTS) -- 0.7% Forest Oil Corp. (a)................... 1,847 84,168 Vintage Petroleum, Inc. ............... 2,017 107,566 ----------- 191,734 ----------- OIL & GAS (REFINING & MARKETING) -- 0.6% Tesoro Petroleum Corp. ................ 2,364 145,504 ----------- OIL FIELD SERVICES -- 0.3% Tidewater, Inc. ....................... 1,887 83,896 ----------- PAPER & RELATED PRODUCTS -- 2.0% Louisiana-Pacific Corp. ............... 3,714 102,023 Rayonier, Inc. ........................ 2,624 104,566 Smurfit-Stone Container Corp. (a)...... 8,952 126,850 Temple-Inland, Inc. ................... 4,034 180,925 ----------- 514,364 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- POWER PRODUCERS (INDEPENDENT) -- 0.9% NRG Energy, Inc. (a)................... 2,871 $ 135,282 Reliant Energy, Inc. (a)............... 10,519 108,556 ----------- 243,838 ----------- PUBLISHING -- 0.3% Meredith Corp. ........................ 1,447 75,736 ----------- PUBLISHING (NEWSPAPERS) -- 1.5% Knight Ridder, Inc. ................... 2,414 152,806 Lee Enterprises, Inc. ................. 1,437 53,040 McClatchy Co. (Class A)................ 710 41,961 The New York Times Co. (Class A)....... 5,178 136,958 ----------- 384,765 ----------- REAL ESTATE INVESTMENT TRUST -- 12.7% AMB Property Corp. .................... 3,014 148,198 Apartment Investment & Management Co. (Class A)............................ 3,334 126,259 Arden Realty, Inc. .................... 2,354 105,530 BRE Properties, Inc. (Class A)......... 1,787 81,273 Camden Property Trust.................. 1,824 105,646 CarrAmerica Realty Corp. .............. 2,044 70,784 CBL & Associates Properties, Inc. ..... 2,117 83,643 Centerpoint Properties Corp. .......... 1,704 84,314 Crescent Real Estate Equities Co. ..... 3,504 69,449 Duke Realty Corp. ..................... 5,038 168,269 Essex Property Trust, Inc. ............ 737 67,951 Federal Realty Investment Trust........ 1,847 112,021 Health Care Property Investors Inc. ... 4,781 122,202 Health Care REIT, Inc. ................ 2,017 68,376 Hospitality Properties Trust........... 2,347 94,115 HRPT Properties Trust.................. 7,445 77,056 iStar Financial, Inc. ................. 3,921 139,784 Liberty Property Trust................. 3,084 132,149 Macerich Co. .......................... 2,087 140,121 Mack-Cali Realty Corp. ................ 2,167 93,614 Mills Corp. ........................... 1,894 79,434 New Century Financial Corp. ........... 1,967 70,950 New Plan Excel Realty Trust............ 3,604 83,541 Pan Pacific Retail Properties, Inc. ... 1,437 96,121 Realty Income Corp. ................... 2,994 64,730 Reckson Associates Realty Corp. ....... 2,844 102,327 Regency Centers Corp. ................. 2,147 126,566 Shurgard Storage Centers, Inc. (Class A)................................... 1,617 91,700 SL Green Realty Corp. ................. 1,437 109,772 Trizec Properties, Inc. ............... 3,261 74,742 United Dominion Realty Trust, Inc. .... 4,871 114,176 Ventas, Inc. .......................... 3,624 116,041 Weingarten Realty Investors............ 2,904 109,800 ----------- 3,330,654 ----------- REINSURANCE -- 1.1% PartnerRe, Ltd. ....................... 1,924 126,349 RenaissanceRe Holdings, Ltd. .......... 2,507 110,584 Transatlantic Holdings, Inc. .......... 927 62,294 ----------- 299,227 -----------
See accompanying notes to financial statements. 90 STREETTRACKS DJ WILSHIRE MID CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RETAIL (COMPUTERS & ELECTRONICS) -- 0.9% Circuit City Stores, Inc. ............. 6,445 $ 145,593 RadioShack Corp. ...................... 4,731 99,493 ----------- 245,086 ----------- RETAIL (DEPARTMENT STORES) -- 0.5% Dillards, Inc. (Class A)............... 2,414 59,915 Saks, Inc. (a)......................... 4,431 74,707 ----------- 134,622 ----------- RETAIL (SPECIALTY) -- 0.5% Barnes & Noble, Inc. .................. 1,977 84,359 OfficeMax, Inc. ....................... 2,284 57,922 ----------- 142,281 ----------- RETAIL STORES (DRUG STORE) -- 0.2% Rite Aid Corp. (a)..................... 15,707 54,660 ----------- SAVINGS & LOAN COMPANIES -- 2.0% Astoria Financial Corp. ............... 3,581 105,281 Capitol Federal Financial.............. 750 24,705 Independence Community Bank Corp. ..... 2,774 110,211 New York Community Bancorp, Inc. ...... 8,492 140,288 People's Bank.......................... 2,094 65,040 Washington Federal, Inc. .............. 3,054 70,211 ----------- 515,736 ----------- SERVICES (ADVERTISING/MARKETING) -- 0.5% The Interpublic Group of Cos., Inc. (a).................................. 14,887 143,660 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 3.5% ADESA, Inc. ........................... 3,234 78,974 Avnet, Inc. (a)........................ 4,251 101,769 Deluxe Corp. .......................... 1,767 53,257 Equifax, Inc. ......................... 4,751 180,633 Ingram Micro, Inc. (Class A) (a)....... 4,921 98,076 Laidlaw International, Inc. ........... 3,661 85,045 Sabre Holdings Corp.(Class A).......... 4,641 111,895 Service Corp. International............ 10,929 89,399 The Service Master Co. ................ 10,299 123,073 ----------- 922,121 ----------- STEEL -- 0.4% Allegheny Technologies, Inc. .......... 2,837 102,359 ----------- TELEPHONE -- 1.6% CenturyTel, Inc. ...................... 4,371 144,942 Citizens Communications Co. ........... 11,826 144,632 Telephone & Data Systems, Inc. ........ 3,614 130,213 ----------- 419,787 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TEXTILES (APPAREL) -- 0.9% Jones Apparel Group, Inc. ............. 4,301 $ 132,127 Polo Ralph Lauren Corp. ............... 2,094 117,557 ----------- 249,684 ----------- TOBACCO -- 0.5% Loews Corp. (Carolina Group)........... 2,749 120,929 ----------- TRANSPORTATION -- 0.8% Alexander & Baldwin, Inc. ............. 1,537 83,367 Overseas Shipholding Group, Inc. ...... 1,057 53,262 Teekay Shipping Corp. ................. 1,707 68,109 ----------- 204,738 ----------- TRUCKING -- 1.1% CNF, Inc. ............................. 1,864 104,179 Ryder Systems, Inc. ................... 2,257 92,582 YRC Worldwide, Inc (a)................. 1,917 85,518 ----------- 282,279 ----------- TRUCKS & PARTS -- 0.7% Cummins, Inc. ......................... 1,397 125,353 Navistar International Corp. (a)....... 2,187 62,592 ----------- 187,945 ----------- WASTE MANAGEMENT -- 0.6% Republic Services, Inc. ............... 4,271 160,376 ----------- TOTAL COMMON STOCKS -- (Cost $25,636,295)......................... 26,145,499 ----------- SHORT TERM INVESTMENTS -- 0.2% MONEY MARKET FUND -- 0.2% AIM Short Term Investment Class Prime Fund (Cost $50,431).................. 50,431 50,431 ----------- TOTAL INVESTMENTS -- 99.9% (Cost $25,686,726)................... 26,195,930 OTHER ASSETS AND LIABILITIES -- 0.1% 38,000 ----------- NET ASSETS -- 100.0%................... $26,233,930 =========== (a) Non-income producing security
See accompanying notes to financial statements. 91 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.7% AEROSPACE/DEFENSE -- 0.8% AAR Corp. (a).......................... 441 $ 10,562 Armor Holdings, Inc. (a)............... 468 19,960 BE Aerospace, Inc. (a)................. 825 18,150 Curtiss-Wright Corp. .................. 315 17,199 DRS Technologies, Inc. ................ 360 18,511 Esterline Technologies Corp. (a)....... 360 13,388 GenCorp, Inc. (a)...................... 630 11,182 Heico Corp. ........................... 279 5,725 Innovative Solutions & Support, Inc. (a).................................. 198 2,530 K&F Industries Holdings, Inc. (a)...... 261 4,009 Kaman Corp. (Class A).................. 327 6,439 Moog, Inc. (a)......................... 504 14,304 MTC Technologies, Inc. (a)............. 144 3,943 Orbital Sciences Corp. (a)............. 801 10,285 Sequa Corp. (a)........................ 81 5,593 Teledyne Technologies, Inc. (a)........ 441 12,833 Triumph Group, Inc. (a)................ 225 8,237 United Industrial Corp. ............... 153 6,330 ----------- 189,180 ----------- AGRICULTURE -- 0.1% Alico, Inc. ........................... 54 2,440 Delta and Pine Land Co. ............... 522 12,011 Tejon Ranch Co. (a).................... 126 5,030 ----------- 19,481 ----------- AIR FREIGHT -- 0.0% (B) ABX Air, Inc. (a)...................... 843 6,601 ----------- AIRLINES -- 0.7% AirTran Holdings, Inc. (a)............. 1,233 19,765 Alaska Air Group, Inc. (a)............. 369 13,181 AMR Corp. (a).......................... 2,439 54,219 Continental Airlines, Inc. (Class B) (a).................................. 1,221 26,007 ExpressJet Holdings, Inc. (a).......... 549 4,442 Frontier Airlines, Inc. (a)............ 513 4,740 JetBlue Airways Corp. (a).............. 2,079 31,975 SkyWest, Inc. ......................... 843 22,643 ----------- 176,972 ----------- AUTO PARTS & EQUIPMENT -- 0.8% Accuride Corp. (a)..................... 306 3,947 American Axle & Manufacturing Holdings, Inc. ........ 639 11,713 ArvinMeritor, Inc. .................... 999 14,376 Bandag, Inc. .......................... 171 7,296 Cooper Tire & Rubber Co. .............. 924 14,156 Dana Corp. ............................ 2,166 15,552 Keystone Automotive Industries, Inc. (a).................................. 225 7,083 Modine Manufacturing Co. .............. 477 15,545 Superior Industries International, Inc. ................................ 315 7,012 Tenneco Automotive, Inc. (a)........... 603 11,825 The Goodyear Tire & Rubber Co. (a)..... 2,532 44,006 TRW Automotive Holdings Corp. (a)...... 351 9,249 United Rentals, Inc. (a)............... 954 22,314 Visteon Corp. (a)...................... 1,869 11,700 ----------- 195,774 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- BANKS (REGIONAL) -- 6.3% 1st Source Corp. ...................... 144 $ 3,622 Alabama National Bancorporation........ 216 13,988 AMCORE Financial, Inc. ................ 333 10,126 Arrow Financial Corp. ................. 153 4,001 Bancfirst Corp. ....................... 54 4,266 BancorpSouth, Inc. .................... 1,041 22,975 Bank Mutual Corp. ..................... 918 9,731 Bank of the Ozarks, Inc. .............. 153 5,646 Banner Corp. .......................... 153 4,774 BOK Financial Corp. ................... 414 18,808 Boston Private Financial Holdings, Inc. ................................ 414 12,594 Capital City Bank Group, Inc. ......... 189 6,481 Capitol Bancorp, Ltd. ................. 207 7,750 Cascade Bancorp........................ 243 5,591 Cathay General Bancorp................. 621 22,319 Centennial Bank Holdings, Inc. (a)..... 747 9,240 Central Pacific Financial Corp. ....... 432 15,517 Chemical Financial Corp. .............. 333 10,576 Chittenden Corp. ...................... 666 18,521 Citizens Banking Corp. ................ 531 14,735 City Bank.............................. 126 4,482 City Holding Co. ...................... 261 9,383 CoBiz, Inc. ........................... 207 3,774 Columbia Banking System, Inc. ......... 225 6,424 Community Bank System, Inc. ........... 441 9,945 Community Banks, Inc. ................. 333 9,324 Community Trust Bancorp, Inc. ......... 189 5,812 Corus Bankshares, Inc. ................ 222 12,492 Cullen/Frost Bankers, Inc. ............ 747 40,099 CVB Financial Corp. ................... 693 14,075 East West Bancorp, Inc. ............... 726 26,492 EuroBancshares, Inc. (a)............... 186 2,636 F N B Corp. ........................... 747 12,968 First BanCorp- Puerto Rico............. 1,080 13,403 First Bancorp-North Carolina........... 204 4,113 First Busey Corp. ..................... 231 4,826 First Charter Corp. ................... 432 10,221 First Citizens BancShares, Inc. ....... 78 13,605 First Commonwealth Financial Corp. .... 1,005 12,995 First Community Bancorp, Inc. ......... 189 10,276 First Financial Bancorp................ 630 11,038 First Financial Bankshares, Inc. ...... 258 9,045 First Financial Corp. ................. 153 4,131 First Indiana Corp. ................... 153 5,260 First Merchants Corp. ................. 270 7,020 First Midwest Bancorp, Inc. ........... 672 23,560 First Niagara Financial Group, Inc. ... 1,707 24,700 First Oak Brook Bancshares, Inc. ...... 90 2,515 First Republic Bank.................... 357 13,213 First State Bancorporation............. 222 5,326 FirstMerit Corp. ...................... 1,131 29,304 Fremont General Corp. ................. 963 22,370 Frontier Financial Corp. .............. 405 12,960 Glacier Bancorp, Inc. ................. 450 13,522 Gold Banc Corp., Inc. ................. 576 10,495 Great Southern Bancorp, Inc. .......... 141 3,893 Greater Bay Bancorp.................... 738 18,908 Hancock Holding Co. ................... 420 15,880
See accompanying notes to financial statements. 92 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Hanmi Financial Corp. ................. 708 $ 12,645 Harleysville National Corp. ........... 396 7,564 Hudson United Bancorp.................. 648 27,009 IBERIABANK Corp. ...................... 126 6,427 Independent Bank Corp. -- Massachusetts............... 225 6,419 Independent Bank Corp. -- Michigan..... 306 8,332 Integra Bank Corp. .................... 252 5,378 Interchange Financial Services Corp. ............................... 279 4,813 International Bancshares Corp. ........ 720 21,139 Investors Financial Services Corp. .... 960 35,357 Irwin Financial Corp. ................. 252 5,398 Main Street Banks, Inc. ............... 234 6,372 MB Financial, Inc. .................... 396 14,018 Mid-State Bancshares................... 342 9,148 Midwest Banc Holdings, Inc. ........... 252 5,607 Nara Bancorp, Inc. .................... 315 5,601 National Penn Bancshares, Inc. ........ 567 10,801 NBT Bancorp, Inc. ..................... 468 10,104 NewAlliance Bancshares, Inc. .......... 1,647 23,947 Old National Bancorp................... 999 21,618 Old Second Bancorp, Inc. .............. 225 6,878 Omega Financial Corp. ................. 162 4,515 Oriental Financial Group............... 306 3,782 Pacific Capital Bancorp................ 621 22,095 Park National Corp. ................... 171 17,551 Placer Sierra Bancshares............... 108 2,993 PrivateBancorp, Inc. .................. 294 10,458 Prosperity Bancshares, Inc. ........... 396 11,381 Provident Bankshares Corp. ............ 477 16,108 Provident Financial Services, Inc. .... 996 18,436 R-G Financial Corp. ................... 423 5,584 Republic Bancorp, Inc. -- Kentucky..... 141 3,024 Republic Bancorp, Inc. -- Michigan..... 1,116 13,280 S&T Bancorp, Inc. ..................... 342 12,592 S.Y. Bancorp, Inc. .................... 180 4,504 Sandy Spring Bancorp, Inc. ............ 207 7,220 Santander BanCorp...................... 78 1,959 Seacoast Banking Corp. of Florida...... 180 4,131 Signature Bank (a)..................... 351 9,853 Simmons First National Corp. .......... 207 5,734 South Financial Group, Inc. ........... 1,023 28,173 Sterling Bancorp....................... 259 5,110 Sterling Bancshares, Inc. ............. 648 10,005 Sterling Financial Corp. .............. 387 7,663 Suffolk Bancorp........................ 153 5,167 Sun Bancorp, Inc. (a).................. 207 4,088 Susquehanna Bancshares, Inc. .......... 672 15,913 SVB Financial Group (a)................ 513 24,029 Texas Capital Bancshares, Inc. (a)..... 339 7,597 Texas Regional Bancshare, Inc. ........ 654 18,508 Tompkins Trustco, Inc. ................ 108 4,838 Trico Bancshares....................... 207 4,842 TrustCo Bank Corp. NY.................. 1,071 13,302 Trustmark Corp. ....................... 735 20,190 UCBH Holdings, Inc. ................... 1,320 23,602 UMB Financial Corp. ................... 216 13,805 Umpqua Holdings Corp. ................. 630 17,974 United Bankshares, Inc. ............... 594 20,933 United Community Banks, Inc. .......... 483 12,877
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Unizan Financial Corp. ................ 315 $ 8,366 USB Holding Co., Inc. ................. 180 3,899 Virginia Commerce Bancorp (a).......... 159 4,625 W Holding Co., Inc. ................... 1,914 15,752 Washington Trust Bancorp, Inc. ........ 177 4,634 WesBanco, Inc. ........................ 297 9,032 West Coast Bancorp..................... 216 5,713 Westamerica Bancorporation............. 459 24,359 Western Alliance Bancorp (a)........... 54 1,613 Whitney Holding Corp. ................. 909 25,052 Wilmington Trust Corp. ................ 972 37,820 Wintrust Financial Corp. .............. 342 18,776 Yardville National Bancorp............. 144 4,990 Zions Bancorp.......................... 1 87 ----------- 1,534,855 ----------- BEVERAGES (ALCOHOLIC) -- 0.0% (B) Boston Beer Co., Inc. (a).............. 126 3,150 ----------- BEVERAGES (NON-ALCOHOLIC) -- 0.4% Aqua America, Inc. .................... 1,826 49,850 Coca-Cola Hellenic Bottling Co. SA..... 54 2,322 Farmer Brothers Co. ................... 90 1,741 Hansen Natural Corp. (a)............... 225 17,732 Peet's Coffee & Tea, Inc. (a).......... 198 6,009 PepsiAmericas, Inc. ................... 996 23,167 ----------- 100,821 ----------- BIOTECHNOLOGY -- 2.2% Abgenix, Inc. (a)...................... 1,131 24,328 Affymetrix, Inc. (a)................... 873 41,686 Albany Molecular Research, Inc. (a).... 303 3,681 Alexion Pharmaceuticals, Inc. (a)...... 441 8,930 Applera Corp. -- Celera Genomics Group (a).................................. 1,053 11,541 Ariad Pharmaceuticals, Inc. (a)........ 873 5,107 Biosite, Inc. (a)...................... 243 13,678 Cambrex Corp. ......................... 360 6,757 Cell Genesys, Inc. (a)................. 645 3,825 Coley Pharmaceutical Group, Inc. (a)... 90 1,364 CV Therapeutics, Inc. (a).............. 627 15,506 Digene Corp. (a)....................... 255 7,438 Encysive Pharmaceuticals, Inc. (a)..... 825 6,509 Enzo Biochem, Inc. (a)................. 441 5,477 Enzon Pharmaceuticals, Inc. (a)........ 630 4,662 Exelixis, Inc. (a)..................... 1,197 11,276 Geron Corp. (a)........................ 915 7,878 Haemonetics Corp. (a).................. 366 17,883 Human Genome Sciences, Inc. (a)........ 1,878 16,076 ICOS Corp. (a)......................... 837 23,126 Incyte, Inc. (a)....................... 1,194 6,376 Integra LifeSciences Holdings Corp. (a).................................. 261 9,255 Keryx Biopharmaceuticals, Inc. (a)..... 459 6,720 Lexicon Genetics, Inc. (a)............. 612 2,234 Lifecell Corp. (a)..................... 450 8,582 Martek Biosciences Corp. (a)........... 450 11,074 Maxygen, Inc. (a)...................... 387 2,906 Momenta Pharmaceuticals, Inc. (a)...... 243 5,356 Myogen, Inc. (a)....................... 396 11,943 Myriad Genetics, Inc. (a).............. 507 10,546
See accompanying notes to financial statements. 93 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Nabi Biopharmaceuticals (a)............ 843 $ 2,849 Nektar Therapeutics (a)................ 1,230 20,246 Neurocrine Biosciences, Inc. (a)....... 528 33,121 Northfield Laboratories, Inc. (a)...... 360 4,824 NPS Pharmaceuticals, Inc. (a).......... 657 7,779 Onyx Pharmaceuticals, Inc. (a)......... 543 15,617 PDL Biopharma, Inc. (a)................ 1,530 43,483 Regeneron Pharmaceuticals, Inc. (a).... 549 8,757 Serologicals Corp. (a)................. 486 9,594 Techne Corp. (a)....................... 528 29,647 Telik, Inc. (a)........................ 747 12,692 Vertex Pharmaceuticals, Inc. (a)....... 1,341 37,105 ----------- 537,434 ----------- BROADCASTING (TV, RADIO & CABLE) -- 0.8% Charter Communications, Inc. (a)....... 5,220 6,368 Citadel Broadcasting Corp. ............ 753 10,120 CKX, Inc. (a).......................... 648 8,424 Cox Radio, Inc. (Class A) (a).......... 555 7,814 Crown Media Holdings, Inc. (Class A) (a).................................. 135 1,238 Cumulus Media, Inc. (a)................ 762 9,456 Emmis Communications Corp. (a)......... 477 9,497 Entercom Communications Corp. (a)...... 567 16,823 Entravision Communications Corp. (a)... 810 5,767 Fisher Communications, Inc. (a)........ 81 3,356 Gemstar-TV Guide International, Inc. (a).................................. 3,594 9,380 Gray Television, Inc. ................. 672 6,599 Hearst-Argyle Television, Inc. ........ 387 9,230 Journal Communications, Inc. .......... 522 7,282 Liberty Corp. ......................... 234 10,954 Lin TV Corp. (Class A) (a)............. 387 4,311 Martha Stewart Living Omnimedia, Inc. (Class A) (a)........................ 288 5,020 Media General, Inc. (Class A).......... 297 15,058 Mediacom Communications Corp. (a)...... 888 4,875 Radio One, Inc. (Class A) (a).......... 1,269 13,033 Salem Communications Corp. (a)......... 171 2,991 Sinclair Broadcast Group, Inc. ........ 663 6,100 Spanish Broadcasting System, Inc. (a).................................. 573 2,928 Westwood One, Inc. .................... 1,080 17,604 World Wrestling Entertainment, Inc. (Class A)............................ 261 3,832 WorldSpace, Inc. (Class A) (a)......... 171 2,481 ----------- 200,541 ----------- BUILDING MATERIALS -- 1.0% Apogee Enterprises, Inc. .............. 369 5,985 Builders FirstSource, Inc. (a)......... 180 3,847 Drew Industries, Inc. (a).............. 234 6,596 Eagle Materials, Inc. ................. 261 31,936 ElkCorp................................ 270 9,088 Florida Rock Industries, Inc. ......... 735 36,059 Genlyte Group, Inc. (a)................ 360 19,285 Insituform Technologies, Inc. (a)...... 387 7,496 Interline Brands, Inc. (a)............. 402 9,145 Lennox International, Inc. ............ 783 22,081 NCI Building Systems, Inc. (a)......... 297 12,617 Simpson Manufacturing Co., Inc. ....... 531 19,302 Texas Industries, Inc. ................ 324 16,148 Trex Co., Inc. (a)..................... 153 4,292
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Universal Forest Products, Inc. ....... 261 $ 14,420 USG Corp. (a).......................... 468 30,420 ----------- 248,717 ----------- CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.8% Alamosa Holdings, Inc. (a)............. 2,154 40,086 Atheros Communications, Inc. (a)....... 423 5,499 Centennial Communications Corp. (a).... 342 5,308 Dobson Communications Corp. (Class A) (a).................................. 1,734 13,005 InterDigital Communications Corp. (a).................................. 789 14,454 Leap Wireless International, Inc. (a).................................. 555 21,023 Novatel Wireless, Inc. (a)............. 324 3,924 Powerwave Technologies, Inc. (a)....... 1,503 18,893 Price Communications Corp. (a)......... 612 9,100 SBA Communications Corp. (a)........... 1,140 20,406 Syniverse Holdings, Inc. (a)........... 405 8,464 Ubiquitel, Inc. (a).................... 1,077 10,652 USA Mobility, Inc. (a)................. 357 9,896 Viasat, Inc. (a)....................... 360 9,623 ----------- 190,333 ----------- CHEMICALS (DIVERSIFIED) -- 0.5% Airgas, Inc. .......................... 927 30,498 Celanese Corp. ........................ 969 18,527 FMC Corp. (a).......................... 495 26,319 Georgia Gulf Corp. .................... 477 14,510 Olin Corp. ............................ 1,008 19,838 Rockwood Holdings, Inc. (a)............ 297 5,860 Westlake Chemical Corp. ............... 171 4,927 ----------- 120,479 ----------- CHEMICALS (SPECIALTY) -- 1.5% A. Schulman, Inc. ..................... 441 9,490 Albemarle Corp. ....................... 537 20,594 American Vanguard Corp. ............... 189 4,442 Arch Chemicals, Inc. .................. 339 10,136 Cabot Corp. ........................... 791 28,318 CF Industries Holdings, Inc. .......... 594 9,058 Cytec Industries, Inc. ................ 540 25,720 Ferro Corp. ........................... 603 11,312 H.B. Fuller Co. ....................... 414 13,277 Hercules, Inc. (a)..................... 1,455 16,441 Kronos Worldwide, Inc. ................ 45 1,305 MacDermid, Inc. ....................... 369 10,295 Minerals Technologies, Inc. ........... 297 16,599 NewMarket Corp. (a).................... 216 5,283 NL Industries.......................... 108 1,522 OM Group, Inc. (a)..................... 411 7,710 PolyOne Corp. (a)...................... 1,323 8,507 RPM, Inc. ............................. 1,671 29,025 Sensient Technologies Corp. ........... 636 11,384 Spartech Corp. ........................ 465 10,207 Symyx Technologies (a)................. 465 12,690 Terra Industries, Inc. (a)............. 1,341 7,510 Terra Nitrogen Co. LP.................. 108 2,052 The Scotts Co. (Class A)............... 648 29,316 Tronox, Inc (a)........................ 300 3,921 UAP Holding Corp. ..................... 483 9,863 Valhi, Inc. ........................... 171 3,164
See accompanying notes to financial statements. 94 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Valspar Corp. ......................... 1,365 $ 33,675 WR Grace & Co. (a)..................... 792 7,445 ----------- 360,261 ----------- COAL -- 0.4% Alliance Resource Partners LP.......... 287 10,676 Alpha Natural Resources, Inc. (a)...... 531 10,201 Foundation Coal Holdings, Inc. ........ 486 18,468 International Coal Group, Inc (a)...... 1,800 17,100 James River Coal Co. (a)............... 234 8,939 Natural Resource Partners LP........... 216 10,854 Penn Virginia Resource Partners LP..... 186 10,336 ----------- 86,574 ----------- COMMUNICATIONS EQUIPMENT -- 1.9% ADC Telecommunications, Inc. (a)....... 1,671 37,330 Aeroflex, Inc. (a)..................... 1,077 11,578 Andrew Corp. (a)....................... 2,157 23,145 Anixter International, Inc. ........... 459 17,956 Arris Group, Inc. (a).................. 1,188 11,250 Avid Technology, Inc. (a).............. 600 32,856 CIENA Corp. (a)........................ 8,220 24,413 CommScope, Inc. (a).................... 780 15,701 Comtech Telecommunications Corp. (a)... 315 9,620 Fairpoint Communications, Inc. ........ 396 4,103 Harmonic, Inc. (a)..................... 1,044 5,063 Hypercom Corp. (a)..................... 711 4,543 I.C., Inc. ............................ 972 28,907 Inter-Tel, Inc. ....................... 288 5,636 JDS Uniphase Corp. (a)................. 23,010 54,304 Loral Space & Communications, Ltd. (a).................................. 200 5,650 Netgear, Inc. (a)...................... 459 8,836 Newport Corp. (a)...................... 621 8,408 North Pittsburgh Systems, Inc. ........ 198 3,736 PanAmSat Holding Corp. ................ 738 18,081 Plantronics, Inc. ..................... 693 19,612 Polycom, Inc. (a)...................... 1,437 21,986 RF Micro Devices, Inc. (a)............. 2,694 14,575 SafeNet, Inc. (a)...................... 342 11,019 SonicWALL, Inc. (a).................... 780 6,178 Sonus Networks, Inc. (a)............... 3,558 13,236 Sycamore Networks, Inc. (a)............ 2,667 11,522 Tekelec (a)............................ 909 12,635 Utstarcom, Inc. (a).................... 1,437 11,582 West Corp. (a)......................... 384 16,186 Zhone Technologies, Inc. (a)........... 1,689 3,581 ----------- 473,228 ----------- COMPUTER SOFTWARE/SERVICES -- 5.6% 1-800-FLOWERS.COM, Inc. (Class A) (a).................................. 360 2,311 Advanced Digital Information Corp. (a).................................. 918 8,987 Advent Software, Inc. (a).............. 324 9,367 Agile Software Corp. (a)............... 708 4,234 Agilysys, Inc. ........................ 441 8,035 Akamai Technologies, Inc. (a).......... 2,187 43,587 Altiris, Inc. (a)...................... 288 4,864 American Reprographics Co. (a)......... 276 7,013 Ansys, Inc. (a)........................ 450 19,210 Anteon International Corp. (a)......... 474 25,762
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Ariba, Inc. (a)........................ 954 $ 7,012 Audible, Inc. (a)...................... 243 3,120 Blackbaud, Inc. ....................... 198 3,382 Blackboard, Inc. (a)................... 195 5,651 Blue Nile, Inc. (a).................... 290 11,690 Borland Software Corp. (a)............. 1,161 7,581 CMGI, Inc. (a)......................... 6,561 9,973 CNET Networks, Inc. (a)................ 1,923 28,249 Compuware Corp. (a).................... 4,986 44,724 Concur Technologies, Inc. (a).......... 447 5,762 Covad Communications Group, Inc. (a)... 3,810 3,734 Covansys Corp. (a)..................... 261 3,552 Digital Insight Corp. (a).............. 477 15,274 Digitas, Inc. (a)...................... 1,251 15,663 Dot Hill Systems Corp. (a)............. 627 4,345 EarthLink, Inc. (a).................... 1,860 20,665 Eclipsys Corp. (a)..................... 558 10,563 Emdeon Corp. (a)....................... 3,245 27,453 Epicor Software Corp. (a).............. 567 8,012 Equinix, Inc. (a)...................... 288 11,739 eResearch Technology, Inc. (a)......... 567 8,562 F5 Networks, Inc. (a).................. 540 30,883 Factset Research Systems, Inc. ........ 531 21,856 FTD Group, Inc. (a).................... 189 1,964 Hutchinson Technology, Inc. (a)........ 378 10,754 Hyperion Solutions Corp. (a)........... 846 30,304 i2 Technologies, Inc. (a).............. 171 2,413 IDX Systems Corp. (a).................. 306 13,440 IHS, Inc. (a).......................... 100 2,052 Imation Corp. ......................... 486 22,390 Informatica Corp. (a).................. 1,248 14,976 Infospace, Inc. (a).................... 414 10,689 InPhonic, Inc. (a)..................... 279 2,424 Internet Security Systems, Inc. (a).... 540 11,313 InterVoice, Inc. (a)................... 549 4,370 Interwoven, Inc. (a)................... 531 4,498 Ipass Inc. (a)......................... 690 4,526 iVillage, Inc. (a)..................... 792 6,352 JDA Software Group, Inc. (a)........... 420 7,144 Jupitermedia Corp. (a)................. 312 4,611 Kanbay International, Inc. (a)......... 330 5,244 Komag, Inc. (a)........................ 315 10,918 Lawson Software, Inc. (a).............. 855 6,284 Lexar Media, Inc. (a).................. 1,086 8,916 Lionbridge Technologies, Inc. (a)...... 612 4,296 Macrovision Corp. (a).................. 711 11,895 Magma Design Automation, Inc. (a)...... 411 3,456 Manhattan Associates, Inc. (a)......... 429 8,786 Mantech International Corp. (a)........ 216 6,018 Maxtor Corp. (a)....................... 3,567 24,755 Micromuse, Inc. (a).................... 1,143 11,304 MicroStrategy Inc. (a)................. 153 12,659 NetIQ Corp. (a)........................ 792 9,734 Netratings, Inc. (a)................... 153 1,886 NIC, Inc. (a).......................... 450 2,772 Nuance Communications, Inc. (a)........ 1,491 11,376 Nutri/System, Inc. (a)................. 378 13,616 Open Solutions, Inc. (a)............... 261 5,982 Openwave Systems, Inc. (a)............. 1,296 22,641
See accompanying notes to financial statements. 95 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Opsware, Inc. (a)...................... 1,143 $ 7,761 Overstock.com, Inc. (a)................ 180 5,067 Packeteer, Inc. (a).................... 477 3,706 Parametric Technology Corp. (a)........ 3,873 23,625 PDF Solutions, Inc. (a)................ 252 4,095 Per-Se Technologies, Inc. (a).......... 432 10,092 Perot Systems Corp. (Class A) (a)...... 1,152 16,289 Priceline.com, Inc. (a)................ 348 7,767 Progress Software Corp. (a)............ 558 15,836 ProQuest Co. (a)....................... 324 9,043 Quality Systems, Inc. (a).............. 108 8,290 Quantum Corp. (a)...................... 2,607 7,951 Quest Software, Inc. (a)............... 744 10,855 RealNetworks, Inc. (a)................. 1,626 12,618 Red Hat, Inc. (a)...................... 2,408 65,594 Redback Networks, Inc. (a)............. 756 10,629 RSA Security, Inc. (a)................. 1,026 11,522 S1 Corp. (a)........................... 960 4,176 Salesforce.com, Inc. (a)............... 1,131 36,249 Sapient Corp. (a)...................... 1,158 6,589 SERENA Software, Inc. (a).............. 393 9,212 SRA International, Inc. (a)............ 510 15,575 SSA Global Technologies, Inc. (a)...... 126 2,292 Stamps.com, Inc. (a)................... 267 6,130 Sybase, Inc. (a)....................... 1,293 28,265 Syntel, Inc. .......................... 177 3,687 Take-Two Interactive Software, Inc. (a).................................. 1,014 17,948 Talx Corp. ............................ 279 12,753 The Reynolds & Reynolds Co. ........... 933 26,189 The TriZetto Group, Inc. (a)........... 612 10,398 THQ, Inc. (a).......................... 897 21,393 TIBCO Software, Inc. (a)............... 2,865 21,402 Transaction Systems Architects, Inc. (a).................................. 549 15,806 Travelzoo, Inc. (a).................... 36 792 Trident Microsystems, Inc. (a)......... 684 12,312 Tyler Technologies, Inc. (a)........... 519 4,557 Ulticom, Inc. (a)...................... 180 1,766 United Online, Inc. ................... 906 12,883 Valueclick, Inc. (a)................... 1,287 23,308 VeriFone Holdings, Inc. (a)............ 414 10,474 Verint Systems, Inc. (a)............... 180 6,205 Vignette Corp. (a)..................... 423 6,899 WebEx Communications, Inc. (a)......... 459 9,928 Wind River Systems, Inc. (a)........... 1,122 16,572 Witness Systems, Inc. (a).............. 387 7,612 ----------- 1,361,685 ----------- COMPUTERS (HARDWARE) -- 0.6% Brocade Communications Systems, Inc. (a).................................. 3,783 15,397 Echelon Corp. (a)...................... 474 3,711 Gateway, Inc. (a)...................... 3,342 8,389 Intergraph Corp. (a)................... 405 20,173 Jack Henry & Associates, Inc. ......... 1,104 21,064 Kronos, Inc. (a)....................... 447 18,712 McDATA Corp. (Class A) (a)............. 2,238 8,504 Mercury Computer System, Inc. (a)...... 306 6,313 MTS Systems Corp. ..................... 288 9,976
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Palm, Inc. (a)......................... 603 $ 19,175 Stratasys, Inc. (a).................... 153 3,827 ----------- 135,241 ----------- COMPUTERS (NETWORKING) -- 0.2% 3Com Corp. (a)......................... 5,679 20,444 Extreme Networks, Inc. (a)............. 1,557 7,396 Foundry Networks, Inc. (a)............. 1,716 23,698 ----------- 51,538 ----------- COMPUTERS (PERIPHERALS) -- 0.5% Electronics for Imaging, Inc. (a)...... 774 20,596 MICROS Systems, Inc. (a)............... 549 26,528 Synaptics, Inc. (a).................... 378 9,344 Western Digital Corp. (a).............. 2,964 55,160 ----------- 111,628 ----------- CONSUMER (JEWELRY/NOVELTIES) -- 0.1% Blyth, Inc. ........................... 432 9,050 Fossil, Inc. (a)....................... 558 12,003 ----------- 21,053 ----------- CONSUMER FINANCE -- 0.2% CompuCredit Corp. (a).................. 501 19,279 Westcorp............................... 348 23,180 WFS Financial, Inc. (a)................ 96 7,310 ----------- 49,769 ----------- CONTAINERS (METALS & GLASS) -- 0.1% Greif, Inc. (Class A).................. 216 14,316 Silgan Holdings, Inc. ................. 324 11,703 ----------- 26,019 ----------- CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.1% Chesapeake Corp. ...................... 279 4,737 Graphic Packaging Corp. (a)............ 1,446 3,297 Packaging Corp. of America............. 897 20,586 ----------- 28,620 ----------- DISTRIBUTION/WHOLESALE -- 0.7% Aviall, Inc. (a)....................... 414 11,923 Beacon Roofing Supply, Inc. (a)........ 252 7,240 BlueLinx Holdings, Inc. ............... 171 1,924 Brightpoint, Inc. (a).................. 369 10,232 Building Material Holding Corp. ....... 198 13,506 Central European Distribution Corp. (a).................................. 171 6,864 Handleman Co. ......................... 315 3,912 Hughes Supply, Inc. ................... 954 34,201 LKQ Corp. (a).......................... 279 9,659 Owens & Minor, Inc. ................... 567 15,610 Scansource, Inc. (a)................... 180 9,842 Watsco, Inc. .......................... 306 18,302 Wesco International, Inc. (a).......... 681 29,099 ----------- 172,314 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 0.2% Chiquita Brands International, Inc. ... 558 11,165 Performance Food Group Co. (a)......... 540 15,320 United Natural Foods, Inc. (a)......... 474 12,514 ----------- 38,999 -----------
See accompanying notes to financial statements. 96 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- ELECTRIC UTILITIES -- 1.9% ALLETE, Inc. .......................... 378 $ 16,632 Avista Corp. .......................... 699 12,379 Black Hills Corp. ..................... 468 16,197 CH Energy Group, Inc. ................. 225 10,328 Cleco Corp. ........................... 711 14,824 CMS Energy Corp. (a)................... 3,162 45,881 Duquesne Light Holdings, Inc. ......... 1,104 18,017 El Paso Electric Co. (a)............... 684 14,391 Empire District Electric Co. .......... 369 7,502 Great Plains Energy, Inc. ............. 1,077 30,113 Hawaiian Electric Industries, Inc. .... 1,161 30,070 IDACORP, Inc. ......................... 603 17,668 ITC Holdings Corp. .................... 180 5,056 MGE Energy, Inc. ...................... 294 9,970 NorthWestern Corp. .................... 387 12,024 OGE Energy Corp. ...................... 1,302 34,881 Otter Tail Corp. ...................... 369 10,694 Pike Electric Corp. (a)................ 198 3,212 PNM Resources, Inc. ................... 846 20,719 Puget Energy, Inc. .................... 1,662 33,938 Sierra Pacific Resources (a)........... 1,698 22,142 UIL Holdings Corp. .................... 189 8,692 Unisource Energy Corp. ................ 465 14,508 Westar Energy, Inc. ................... 1,233 26,509 WPS Resources Corp. ................... 582 32,190 ----------- 468,537 ----------- ELECTRICAL EQUIPMENT -- 0.8% Advanced Energy Industries, Inc. (a)... 459 5,430 American Superconductor Corp. (a)...... 468 3,683 Artesyn Technologies, Inc. (a)......... 540 5,562 Avocent Corp. (a)...................... 711 19,332 Black Box Corp. ....................... 252 11,940 C-COR.net Corp. (a).................... 690 3,353 Cohu, Inc. ............................ 288 6,587 Dolby Laboratories, Inc. (a)........... 468 7,979 EMCOR Group, Inc. (a).................. 216 14,586 Encore Wire Corp. (a).................. 243 5,531 Energy Conversion Devices, Inc. (a).... 468 19,071 Greatbatch, Inc. (a)................... 306 7,959 Intermagnetics General Corp. (a)....... 405 12,919 Lincoln Electric Holdings, Inc. ....... 522 20,703 Littelfuse, Inc. (a)................... 324 8,829 Medis Technologies, Ltd. (a)........... 204 3,001 Thomas & Betts Corp. (a)............... 852 35,750 Vicor Corp. ........................... 270 4,269 ----------- 196,484 ----------- ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.9% AVX Corp. ............................. 747 10,817 Bel Fuse, Inc. (Class B)............... 162 5,152 Benchmark Electronics, Inc. (a)........ 558 18,765 Coherent, Inc. (a)..................... 438 13,000 Cubic Corp. ........................... 234 4,671 Daktronics, Inc. ...................... 234 6,919 EnerSys (a)............................ 294 3,834 Excel Technology, Inc. (a)............. 171 4,066 GrafTech International, Ltd. (a)....... 1,410 8,770 II-VI, Inc. (a)........................ 357 6,380
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- KEMET Corp. (a)........................ 1,248 $ 8,823 Methode Electronics, Inc. (Class A).... 513 5,115 Plexus Corp. (a)....................... 621 14,122 Power-One, Inc. (a).................... 1,053 6,339 Rofin-Sinar Technologies, Inc. (a)..... 216 9,389 Rogers Corp. (a)....................... 243 9,521 Tech Data Corp. (a).................... 837 33,212 Technitrol, Inc. ...................... 531 9,080 Varian, Inc. (a)....................... 459 18,264 Vishay Intertechnology, Inc. (a)....... 2,436 33,519 ----------- 229,758 ----------- ELECTRONICS (DEFENSE) -- 0.2% American Science & Engineering, Inc. (a).................................. 117 7,297 EDO Corp. ............................. 225 6,089 Engineered Support Systems, Inc. ...... 600 24,984 Taser International, Inc. (a).......... 888 6,198 ----------- 44,568 ----------- ELECTRONICS (INSTRUMENT) -- 1.2% Analogic Corp. ........................ 162 7,752 Belden CDT, Inc. ...................... 675 16,490 Brady Corp. ........................... 612 22,142 Checkpoint Systems, Inc. (a)........... 540 13,311 Cogent, Inc. (a)....................... 558 12,656 FARO Technologies, Inc. (a)............ 171 3,420 FEI Co. (a)............................ 360 6,901 FLIR Systems, Inc. (a)................. 987 22,040 Identix, Inc. (a)...................... 1,275 6,388 Itron, Inc. (a)........................ 333 13,333 Measurement Specialties, Inc. (a)...... 180 4,383 Mentor Graphics Corp. (a).............. 1,095 11,322 Metrologic Instruments, Inc. (a)....... 153 2,947 Molecular Devices Corp. (a)............ 252 7,290 National Instruments Corp. ............ 762 24,422 Park Electrochemical Corp. ............ 261 6,781 Paxar Corp. (a)........................ 522 10,247 Sonic Solutions, Inc. (a).............. 339 5,122 Tektronix, Inc. ....................... 1,221 34,445 Tivo, Inc. (a)......................... 1,068 5,468 Trimble Navigation, Ltd. (a)........... 774 27,469 TTM Technologies, Inc. (a)............. 540 5,076 Watts Water Technologies, Inc. ........ 360 10,905 Woodward Governor Co. ................. 135 11,611 ----------- 291,921 ----------- ELECTRONICS (SEMICONDUCTORS) -- 2.7% Actel Corp. (a)........................ 369 4,697 Adaptec, Inc. (a)...................... 1,590 9,254 Advanced Analogic Technologies, Inc. (a).................................. 153 2,119 Agere Systems, Inc. (a)................ 2,607 33,630 Amkor Technology, Inc. (a)............. 1,320 7,392 Applied Micro Circuits Corp. (a)....... 4,485 11,526 Conexant Systems, Inc. (a)............. 6,687 15,113 Cree, Inc. (a)......................... 1,059 26,729 Cypress Semiconductor Corp. (a)........ 1,932 27,531 Diodes, Inc. (a)....................... 260 8,058 DSP Group, Inc. (a).................... 414 10,375 Electro Scientific Industries, Inc. (a).................................. 405 9,781 Emulex Corp. (a)....................... 1,194 23,629
See accompanying notes to financial statements. 97 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Fairchild Semiconductor International Inc. (a)............................. 1,725 $ 29,170 Integrated Device Technology, Inc. (a).................................. 2,895 38,156 Intersil Corp. (Class A)............... 2,175 54,114 Kopin Corp. (a)........................ 1,014 5,425 Lattice Semiconductor Corp. (a)........ 1,539 6,649 LSI Logic Corp. (a).................... 5,598 44,784 MEMC Electronic Materials, Inc. (a).... 2,166 48,020 Microsemi Corp. (a).................... 846 23,400 OmniVision Technologies, Inc. (a)...... 816 16,287 ON Semiconductor Corp. (a)............. 1,473 8,146 Pixelworks, Inc. (a)................... 666 3,383 PMC-Sierra, Inc. (a)................... 2,631 20,285 PortalPlayer, Inc. (a)................. 180 5,098 Power Integrations, Inc. (a)........... 423 10,072 Rambus, Inc. (a)....................... 1,386 22,439 Semtech Corp. (a)...................... 1,071 19,557 Silicon Image, Inc. (a)................ 1,086 9,828 Silicon Laboratories, Inc. (a)......... 585 21,446 Silicon Storage Technology, Inc. (a)... 1,284 6,484 Sirf Technology Holdings, Inc. (a)..... 513 15,287 Skyworks Solutions, Inc. (a)........... 2,247 11,437 TriQuint Semiconductor, Inc. (a)....... 1,986 8,838 Ultratech, Inc. (a).................... 315 5,172 Varian Semiconductor Equipment Associates, Inc. (a)................. 522 22,932 Zoran Corp. (a)........................ 621 10,066 ----------- 656,309 ----------- ENERGY-ALTERNATE SOURCES -- 0.3% Covanta Holding Corp. (a).............. 1,563 23,539 Evergreen Solar, Inc. (a).............. 720 7,668 FuelCell Energy, Inc. (a).............. 636 5,387 KFX, Inc. (a).......................... 897 15,348 Plug Power, Inc. (a)................... 933 4,786 Sunpower Corp. (a)..................... 100 3,399 Syntroleum Corp. (a)................... 603 5,445 ----------- 65,572 ----------- ENGINEERING & CONSTRUCTION -- 0.5% Dycom Industries, Inc. (a)............. 567 12,474 Foster Wheeler, Ltd. (a)............... 645 23,723 Granite Construction, Inc. ............ 468 16,806 Infrasource Services, Inc. (a)......... 198 2,590 McDermott International, Inc. (a)...... 852 38,008 Perini Corp. (a)....................... 198 4,781 URS Corp. (a).......................... 618 23,243 ----------- 121,625 ----------- ENTERTAINMENT -- 0.4% Carmike Cinemas, Inc. ................. 162 4,108 DreamWorks Animation SKG, Inc. (Class A) (a)............................... 639 15,694 Great Wolf Resorts, Inc. (a)........... 387 3,990 Midway Games, Inc. (a)................. 151 2,864 Regal Entertainment Group.............. 663 12,610 Shuffle Master, Inc. (a)............... 504 12,671 Speedway Motorsports, Inc. ............ 198 6,865 Vail Resorts, Inc. (a)................. 405 13,377 Warner Music Group Corp. .............. 700 13,489 ----------- 85,668 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- ENVIRONMENTAL CONTROL -- 0.7% Aleris International, Inc. (a)......... 441 $ 14,218 Allied Waste Industries, Inc. (a)...... 3,072 26,849 Metal Management, Inc. ................ 400 9,304 Mine Safety Appliances Co. ............ 402 14,556 Nalco Holding Co. (a).................. 1,215 21,518 Stericycle, Inc. (a)................... 654 38,508 Tetra Tech, Inc. (a)................... 810 12,693 Tetra Technologies, Inc. (a)........... 495 15,107 Waste Connections, Inc. (a)............ 693 23,881 ----------- 176,634 ----------- EQUIPMENT (SEMICONDUCTORS) -- 0.8% Atmel Corp. (a)........................ 6,372 19,690 ATMI, Inc. (a)......................... 537 15,020 Axcelis Technologies, Inc. (a)......... 1,446 6,897 Brooks Automation, Inc. (a)............ 1,059 13,269 Cabot Microelectronics Corp. (a)....... 360 10,559 Cirrus Logic, Inc. (a)................. 1,104 7,375 Credence Systems Corp. (a)............. 1,170 8,143 Cymer, Inc. (a)........................ 531 18,856 Entegris, Inc. (a)..................... 1,716 16,165 Formfactor, Inc. (a)................... 429 10,480 Genesis Microchip, Inc. (a)............ 477 8,629 Hittite Microwave Corp. (a)............ 72 1,666 Kulicke & Soffa Industries, Inc. (a)... 738 6,524 Mattson Technology, Inc. (a)........... 585 5,885 Micrel, Inc. (a)....................... 960 11,136 MKS Instruments, Inc. (a).............. 513 9,178 Photronics, Inc. (a)................... 546 8,223 Sigmatel, Inc. (a)..................... 384 5,030 Standard Microsystems Corp. (a)........ 297 8,521 Vitesse Semiconductor Corp. (a)........ 3,171 6,088 ----------- 197,334 ----------- FINANCIAL (DIVERSIFIED) -- 1.2% Accredited Home Lenders Holding Co. (a).................................. 225 11,156 Advanta Corp. (Class B)................ 300 9,732 Asset Acceptance Capital Corp. (a)..... 216 4,851 CharterMac............................. 738 15,631 Collegiate Funding Services LLC (a).... 180 3,555 Commercial Capital Bancorp, Inc. ...... 711 12,172 Doral Financial Corp. ................. 1,347 14,278 Encore Capital Group, Inc. (a)......... 225 3,904 eSpeed, Inc. (a)....................... 423 3,261 Financial Federal Corp. ............... 252 11,201 First Marblehead Corp. ................ 468 15,378 GAMCO Investors, Inc. ................. 99 4,309 GFI Group, Inc. (a).................... 99 4,696 IndyMac Bancorp, Inc. ................. 900 35,118 IntercontinentalExchange, Inc. (a)..... 300 10,905 International Securities Exchange, Inc. (a).................................. 540 14,861 Knight Capital Group, Inc. (a)......... 1,554 15,369 Nasdaq Stock Market, Inc. (a).......... 855 30,079 Nelnet, Inc. (a)....................... 306 12,448 Ocwen Financial Corp. (a).............. 531 4,620 Piper Jaffray Cos., Inc. (a)........... 297 11,999
See accompanying notes to financial statements. 98 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Portfolio Recovery Associates, Inc. (a).................................. 225 $ 10,449 Walter Industries, Inc. ............... 558 27,744 ----------- 287,716 ----------- FOOD PRODUCTS -- 0.9% Corn Products International, Inc. ..... 1,068 25,514 Del Monte Foods Co. (a)................ 2,877 30,007 Flowers Foods, Inc. ................... 810 22,324 Fresh Del Monte Produce, Inc. ......... 360 8,197 Gold Kist, Inc. (a).................... 729 10,899 Great Atlantic & Pacific Tea Co. (a)... 234 7,437 Hain Celestial Group, Inc. (a)......... 432 9,141 J&J Snack Foods Corp. ................. 99 5,882 Lancaster Colony Corp. ................ 405 15,005 Lance, Inc. ........................... 423 7,880 Nash Finch Co. ........................ 180 4,586 Pilgrim's Pride Corp. ................. 594 19,697 Premium Standard Farms, Inc. .......... 144 2,154 Ralcorp Holdings, Inc. (a)............. 423 16,882 Sanderson Farms, Inc. ................. 288 8,793 Seaboard Corp. ........................ 9 13,599 Tootsie Roll Industries, Inc. ......... 357 10,328 TreeHouse Foods, Inc. (a).............. 432 8,087 ----------- 226,412 ----------- FOOTWEAR -- 0.6% Deckers Outdoor Corp. (a).............. 153 4,226 K-Swiss, Inc. (Class A)................ 270 8,759 Kenneth Cole Productions, Inc. (Class A)................................... 135 3,442 Payless ShoeSource, Inc. (a)........... 981 24,623 Reebok International, Ltd. ............ 711 41,402 Skechers U.S.A., Inc. (a).............. 324 4,964 Stride Rite Corp. ..................... 522 7,078 The Timberland Co. (Class A) (a)....... 810 26,365 Wolverine World Wide, Inc. ............ 828 18,597 ----------- 139,456 ----------- GAMING & LOTTERY -- 0.4% Alliance Gaming Corp. (a).............. 675 8,789 Churchill Downs, Inc. ................. 126 4,628 Isle of Capri Casinos, Inc. (a)........ 315 7,673 Kerzner International, Ltd. (a)........ 423 29,081 Multimedia Games, Inc. (a)............. 405 3,746 Pinnacle Entertainment, Inc. (a)....... 576 14,233 Scientific Games Corp. (ClassA) (a).... 942 25,698 ----------- 93,848 ----------- GAS & PIPELINE UTILITIES -- 0.3% Aquila, Inc. (a)....................... 5,505 19,818 DCP Midstream Partners LP (a).......... 200 4,896 Magellan Midstream Partners LP......... 879 28,330 Markwest Energy Partners LP............ 108 5,016 TC Pipelines LP........................ 234 7,605 ----------- 65,665 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- GOLD/PRECIOUS METALS MINING -- 0.4% Glamis Gold, Ltd. (a).................. 1,893 $ 52,020 Meridian Gold, Inc. (a)................ 1,431 31,296 Royal Gold, Inc. ...................... 306 10,627 Stillwater Mining Co. (a).............. 630 7,289 ----------- 101,232 ----------- HAND/MACHINE TOOLS -- 0.2% CLARCOR, Inc. ......................... 744 22,104 Snap-on, Inc. ......................... 756 28,396 ----------- 50,500 ----------- HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 1.2% Adams Respiratory Therapeutics, Inc. (a).................................. 135 5,489 Adolor Corp. (a)....................... 531 7,753 Alpharma, Inc. (Class A)............... 585 16,678 American Pharmaceutical Partners, Inc. (a).................................. 382 14,818 Cubist Pharmaceuticals, Inc. (a)....... 771 16,384 First Horizon Pharmaceutical Corp. (a).................................. 387 6,676 Herbalife, Ltd. (a).................... 396 12,878 Idenix Pharmaceuticals, Inc. (a)....... 288 4,928 Kos Pharmaceuticals, Inc. (a).......... 307 15,881 KV Pharmaceutical Co. (Class A) (a).... 603 12,422 Mannatech, Inc. ....................... 216 2,983 Medarex, Inc. (a)...................... 1,599 22,146 Medicis Pharmaceutical Corp. (Class A)................................... 810 25,960 New River Pharmaceuticals, Inc. (a).... 90 4,669 OSI Pharmaceuticals, Inc. (a).......... 727 20,385 Par Pharmaceutical Cos., Inc. (a)...... 492 15,419 Pharmion Corp. (a)..................... 279 4,958 Rigel Pharmaceuticals, Inc. (a)........ 342 2,859 Salix Pharmaceuticals, Ltd. (a)........ 639 11,234 Star Scientific, Inc. (a).............. 666 1,565 United Therapeutics Corp. (a).......... 324 22,395 USANA Health Sciences, Inc. (a)........ 153 5,869 Valeant Pharmaceuticals International........................ 1,320 23,866 Zymogenetics, Inc. (a)................. 459 7,807 ----------- 286,022 ----------- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 3.9% Advanced Medical Optics, Inc. (a)...... 936 39,125 Align Technology, Inc. (a)............. 459 2,970 Alkermes, Inc. (a)..................... 1,293 24,722 American Medical Systems Holdings, Inc. (a).................................. 924 16,475 Amylin Pharmaceuticals, Inc. (a)....... 1,446 57,724 Animas Corp. (a)....................... 198 4,782 Arrow International, Inc. ............. 315 9,132 Arthrocare Corp. (a)................... 351 14,791 Aspect Medical Systems, Inc. (a)....... 216 7,420 Bio-Rad Laboratories, Inc. (Class A) (a).................................. 327 21,399 Cepheid, Inc. (a)...................... 612 5,373 CONMED Corp. (a)....................... 432 10,221 Cyberonics, Inc. (a)................... 306 9,884 Datascope Corp. ....................... 180 5,949 Diagnostic Products Corp. ............. 330 16,021 DJ Orthopedics, Inc. (a)............... 261 7,198 Edwards Lifesciences Corp. (a)......... 861 35,826 ev3, Inc. (a).......................... 171 2,520 Foxhollow Technologies, Inc. (a)....... 186 5,541 Gen-Probe, Inc. (a).................... 717 34,982
See accompanying notes to financial statements. 99 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- HealthTronics, Inc. (a)................ 477 $ 3,649 Hologic, Inc. (a)...................... 630 23,890 ICU Medical, Inc. (a).................. 180 7,058 IDEXX Laboratories, Inc. (a)........... 486 34,982 Immucor, Inc. (a)...................... 648 15,137 INAMED Corp. (a)....................... 513 44,980 Intuitive Surgical, Inc. (a)........... 486 56,993 Invacare Corp. ........................ 459 14,454 Inverness Medical Innovations, Inc. (a).................................. 297 7,042 Kensey Nash Corp. (a).................. 162 3,569 Kyphon, Inc. (a)....................... 522 21,313 Laserscope (a)......................... 270 6,064 LCA-Vision, Inc. ...................... 243 11,545 Lifeline Systems, Inc. (a)............. 180 6,581 Mentor Corp. .......................... 537 24,745 Merit Medical Systems, Inc. (a)........ 378 4,589 MGI Pharma, Inc. (a)................... 1,023 17,555 Noven Pharmaceuticals, Inc. (a)........ 339 5,129 OraSure Technologies, Inc. (a)......... 600 5,292 Palomar Medical Technologies, Inc. (a).................................. 225 7,884 PolyMedica Corp. ...................... 351 11,748 PSS World Medical, Inc. (a)............ 936 13,890 ResMed, Inc. (a)....................... 978 37,467 Respironics, Inc. (a).................. 1,034 38,330 Rotech Healthcare, Inc. (a)............ 100 1,676 Sierra Health Services, Inc. (a)....... 375 29,985 SonoSite, Inc. (a)..................... 180 6,302 STERIS Corp. .......................... 990 24,770 SurModics, Inc. (a).................... 216 7,990 Sybron Dental Specialties, Inc. (a).... 564 22,453 Symmetry Medical, Inc. (a)............. 333 6,457 The Medicines Co. (a).................. 648 11,308 Thoratec Corp. (a)..................... 609 12,600 TriPath Imaging, Inc. (a).............. 396 2,392 Ventana Medical Systems, Inc. (a)...... 465 19,693 Viasys Healthcare, Inc. (a)............ 387 9,946 Vital Signs, Inc. ..................... 90 3,854 WellCare Health Plans, Inc. (a)........ 423 17,280 West Pharmaceutical Services, Inc. .... 405 10,137 Wright Medical Group, Inc. (a)......... 378 7,711 ----------- 950,495 ----------- HEALTH CARE (SPECIAL SERVICES) -- 2.2% Alliance Imaging, Inc. (a)............. 189 1,125 Allscripts Healthcare Solutions, Inc. (a).................................. 414 5,548 Amedisys, Inc. (a)..................... 198 8,363 American Healthways, Inc. (a).......... 474 21,448 American Retirement Corp. (a).......... 432 10,856 AMERIGROUP Corp. (a)................... 720 14,011 Amsurg Corp. (a)....................... 423 9,670 Andrx Corp. (a)........................ 1,050 17,293 Apria Healthcare Group, Inc. (a)....... 720 17,359 Atherogenics, Inc. (a)................. 504 10,085 Beverly Enterprises, Inc. (a).......... 1,446 16,875 BioMarin Pharmaceuticals, Inc. (a)..... 1,059 11,416 Brookdale Senior Living, Inc. ......... 200 5,962 Centene Corp. (a)...................... 603 15,853 Cerner Corp. (a)....................... 405 36,819 Connetics Corp. (a).................... 513 7,413
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Conor Medsystems, Inc. (a)............. 378 $ 7,314 Cypress Bioscience, Inc. (a)........... 405 2,341 Dendreon Corp. (a)..................... 780 4,228 Dendrite International, Inc. (a)....... 549 7,911 Discovery Laboratories, Inc. (a)....... 774 5,170 Genesis HealthCare Corp. (a)........... 288 10,518 Gentiva Health Services, Inc. (a)...... 351 5,174 HealthExtras, Inc. (a)................. 324 8,132 I-Flow Corp. (a)....................... 306 4,474 Inspire Pharmaceuticals, Inc. (a)...... 558 2,835 InterMune, Inc. (a).................... 405 6,804 Isis Pharmaceuticals, Inc. (a)......... 747 3,914 Kindred Healthcare, Inc. (a)........... 387 9,969 LifePoint Hospitals, Inc. (a).......... 738 27,675 Magellan Health Services, Inc. (a)..... 450 14,152 MannKind Corp. (a)..................... 315 3,547 Matria Healthcare, Inc. (a)............ 297 11,512 Molina Healthcare, Inc. (a)............ 162 4,316 National Healthcare Corp. ............. 126 4,710 NDCHealth Corp. (a).................... 522 10,038 NitroMed, Inc. (a)..................... 258 3,599 Odyssey Healthcare, Inc. (a)........... 495 9,227 Option Care, Inc. ..................... 297 3,968 Pediatrix Medical Group, Inc. (a)...... 324 28,697 Psychiatric Solutions, Inc. (a)........ 342 20,089 RehabCare Group, Inc. (a).............. 234 4,727 Renal Care Group, Inc. (a)............. 969 45,843 Sunrise Assisted Living, Inc. (a)...... 513 17,293 Symbion, Inc. (a)...................... 234 5,382 Tanox, Inc. (a)........................ 351 5,746 Theravance, Inc. (a)................... 591 13,309 United Surgical Partners (a)........... 621 19,965 ----------- 542,675 ----------- HOMEBUILDING -- 1.0% Beazer Homes USA, Inc. ................ 567 41,300 Brookfield Homes Corp. ................ 195 9,697 Champion Enterprises, Inc. (a)......... 1,050 14,301 Fleetwood Enterprises, Inc. (a)........ 801 9,892 Levitt Corp. (Class A)................. 240 5,458 M.D.C. Holdings, Inc. ................. 441 27,333 M/I Homes, Inc. ....................... 162 6,581 Meritage Homes Corp. (a)............... 324 20,386 Palm Harbor Homes, Inc. (a)............ 153 2,876 Skyline Corp. ......................... 99 3,604 Standard Pacific Corp. ................ 981 36,101 Technical Olympic USA, Inc. ........... 207 4,366 Thor Industries, Inc. ................. 564 22,600 WCI Communities, Inc. (a).............. 567 15,224 William Lyon Homes, Inc. (a)........... 36 3,632 Williams Scotsman International, Inc. (a).................................. 225 3,895 Winnebago Industries, Inc. ............ 483 16,074 ----------- 243,320 ----------- HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.3% American Woodmark Corp. ............... 162 4,016 Ethan Allen Interiors, Inc. ........... 486 17,754 Furniture Brands International, Inc. ................................ 729 16,279 Kimball International, Inc. (Class B)................................... 357 3,795 La-Z-Boy, Inc. ........................ 756 10,251
See accompanying notes to financial statements. 100 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Maytag Corp. .......................... 1,059 $ 19,930 Tempur-Pedic International, Inc. (a)... 654 7,521 ----------- 79,546 ----------- HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.5% American Greetings Corp. (Class A)..... 927 20,366 Central Garden & Pet Co. (a)........... 270 12,404 Church & Dwight Co., Inc. ............. 918 30,322 CSS Industries, Inc. .................. 117 3,595 Helen of Troy, Ltd. (a)................ 306 4,930 Jarden Corp. (a)....................... 441 13,296 Playtex Products, Inc. (a)............. 468 6,398 Prestige Brands Holdings, Inc. (a)..... 504 6,300 Russ Berrie & Co., Inc. ............... 153 1,747 Tupperware Corp. ...................... 753 16,867 WD-40 Co. ............................. 234 6,145 ----------- 122,370 ----------- INDUSTRIAL GOODS & SERVICES -- 0.1% MSC Industrial Direct Co., Inc. (Class A)................................... 663 26,666 ----------- INSURANCE BROKERS -- 0.2% Erie Indemnity Co. (Class A)........... 423 22,504 Hilb Rogal and Hobbs Co. .............. 459 17,676 USI Holdings Corp. (a)................. 540 7,436 ----------- 47,616 ----------- INSURANCE (LIFE/HEALTH) -- 0.8% American Equity Investment Life Holding Co. ................................. 468 6,107 AmerUs Group Co. ...................... 567 32,132 Delphi Financial Group................. 387 17,806 FBL Financial Group, Inc. (Class A).... 180 5,906 Great American Financial Resources, Inc. ................................ 117 2,321 Kansas City Life Insurance Co. ........ 63 3,155 National Western Life Insurance Co. (Class A) (a)........................ 36 7,449 Presidential Life Corp. ............... 312 5,940 Reinsurance Group America, Inc. ....... 477 22,782 Scottish Re Group, Ltd. ............... 558 13,699 StanCorp Financial Group, Inc. ........ 822 41,059 The Phoenix Cos., Inc. ................ 1,302 17,759 UICI................................... 468 16,619 Universal American Financial Corp. (a).................................. 540 8,143 ----------- 200,877 ----------- INSURANCE (MULTI-LINE) -- 0.5% Alfa Corp. ............................ 537 8,646 American National Insurance Co. ....... 225 26,323 Hanover Insurance Group, Inc. ......... 771 32,205 HCC Insurance Holdings, Inc. .......... 1,509 44,787 United Fire & Casualty Co. ............ 261 10,552 ----------- 122,513 ----------- INSURANCE (PROPERTY/CASUALTY) -- 1.5% 21st Century Insurance Group........... 375 6,068 Alleghany Corp. (a).................... 72 20,448 American Financial Group, Inc. ........ 576 22,067 Arch Capital Group, Ltd. (a)........... 456 24,966 Argonaut Group, Inc. (a)............... 396 12,977 Baldwin & Lyons, Inc. (Class B)........ 135 3,281 Bristol West Holdings, Inc. ........... 270 5,138 CNA Surety Corp. (a)................... 225 3,278
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- First Acceptance Corp. (a)............. 366 $ 3,766 Harleysville Group, Inc. .............. 195 5,168 Horace Mann Educators Corp. ........... 618 11,717 Infinity Property & Casualty Corp. .... 297 11,051 LandAmerica Financial Group, Inc. ..... 243 15,163 Mercury General Corp. ................. 378 22,007 Navigators Group, Inc. (a)............. 171 7,457 Ohio Casualty Corp. ................... 888 25,148 Philadelphia Consolidated Holding Corp. (a).................................. 270 26,106 ProAssurance Corp. (a)................. 414 20,137 RLI Corp. ............................. 324 16,158 Safety Insurance Group, Inc. .......... 189 7,630 Selective Insurance Group, Inc. ....... 402 21,346 State Auto Financial Corp. ............ 198 7,219 Stewart Information Services Corp. .... 243 11,827 The Commerce Group, Inc. .............. 441 25,260 The Midland Co. ....................... 189 6,812 Triad Guaranty, Inc. (a)............... 135 5,939 Wesco Financial Corp. ................. 18 6,930 Zenith National Insurance Corp. ....... 351 16,188 ----------- 371,252 ----------- INVESTMENT BANKING/BROKERAGE -- 0.6% Friedman, Billings, Ramsey Group, Inc. ................................ 2,265 22,423 Greenhill & Co., Inc. ................. 135 7,582 GSI Commerce, Inc. (a)................. 249 3,757 Investment Technology Group, Inc. (a).................................. 603 21,370 j2 Global Communications, Inc. (a)..... 333 14,232 Jefferies Group, Inc. ................. 711 31,981 LaBranche & Co., Inc. (a).............. 816 8,250 optionsXpress Holdings, Inc. .......... 387 9,501 Raymond James Financial, Inc. ......... 873 32,886 Resource America, Inc. ................ 252 4,297 ----------- 156,279 ----------- INVESTMENT MANAGEMENT -- 0.7% Affiliated Managers Group, Inc. (a).... 486 39,002 Alliance Capital Management Holding LP................................... 375 21,184 Calamos Asset Management, Inc. (Class B)................................... 333 10,473 Cohen & Steers, Inc. .................. 117 2,180 National Financial Partners Corp. ..... 468 24,593 Nuveen Investments, Inc. .............. 915 38,997 W.P. Stewart & Co., Ltd. .............. 321 7,566 Waddell & Reed Financial, Inc. (Class A)................................... 1,194 25,038 ----------- 169,033 ----------- LEISURE TIME (PRODUCTS) -- 0.7% Callaway Golf Co. ..................... 942 13,037 Cedar Fair LP.......................... 771 22,004 JAKKS Pacific, Inc. (a)................ 378 7,915 K2, Inc. (a)........................... 675 6,824 Leapfrog Enterprises, Inc. (a)......... 387 4,509 Life Time Fitness, Inc. (a)............ 261 9,941 MarineMax, Inc. (a).................... 225 7,103 Marine Products Corp. ................. 222 2,329 Marvel Entertainment, Inc. (a)......... 1,059 17,346 Monaco Coach Corp. .................... 396 5,267 RC2 Corp. (a).......................... 297 10,550 SCP Pool Corp. ........................ 762 28,362 Six Flags, Inc. (a).................... 1,068 8,234
See accompanying notes to financial statements. 101 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- The Topps Co., Inc..................... 555 $ 4,124 West Marine, Inc. (a).................. 198 2,768 WMS Industries, Inc. (a)............... 297 7,452 ----------- 157,765 ----------- LODGING (HOTELS) -- 0.5% Ameristar Casinos, Inc. ............... 333 7,559 Aztar Corp. (a)........................ 501 15,225 Choice Hotels International, Inc. ..... 522 21,799 Gaylord Entertainment Co. (a).......... 567 24,716 La Quinta Corp. (a).................... 2,913 32,451 Marcus Corp. .......................... 297 6,979 Orient-Express Hotels, Ltd. (Class A)................................... 507 15,981 ----------- 124,710 ----------- MACHINERY (DIVERSIFIED) -- 1.6% AGCO Corp. (a)......................... 1,302 21,574 Albany International Corp. (Class A)... 405 14,645 Applied Industrial Technologies, Inc. ................................ 387 13,038 Baldor Electric Co. ................... 429 11,004 Brush Engineered Materials, Inc. (a)... 270 4,293 Bucyrus International, Inc. (Class A)................................... 288 15,178 Cascade Corp. ......................... 153 7,177 Cognex Corp. .......................... 573 17,242 Flowserve Corp. (a).................... 798 31,569 Franklin Electric Co., Inc. ........... 225 8,896 Gardner Denver, Inc. (a)............... 369 18,192 Global Power Equipment Group, Inc. (a).................................. 504 2,278 IDEX Corp. ............................ 711 29,229 Input/Output, Inc. (a)................. 969 6,812 JLG Industries, Inc. .................. 738 33,697 Kaydon Corp. .......................... 405 13,017 Lindsay Manufacturing Co. ............. 162 3,115 Middleby Corp. (a)..................... 90 7,785 Mueller Industries, Inc. .............. 459 12,586 Nordson Corp. ......................... 378 15,313 PAREXEL International Corp. (a)........ 378 7,658 Presstek, Inc. (a)..................... 396 3,580 Robbins & Myers, Inc. ................. 162 3,297 Sauer-Danfoss, Inc. ................... 153 2,878 Stewart & Stevenson Services, Inc. .... 378 7,987 Tecumseh Products Co. (Class A)........ 225 5,155 Tennant Co. ........................... 99 5,148 The Manitowoc Co., Inc. ............... 423 21,243 UNOVA, Inc. (a)........................ 684 23,119 Wabtec Corp. .......................... 657 17,673 ----------- 384,378 ----------- MANUFACTURING (DIVERSIFIED) -- 2.0% Acuity Brands, Inc. ................... 612 19,462 Ameron International Corp. ............ 114 5,196 AO Smith Corp. ........................ 285 10,003 Aptargroup, Inc. ...................... 486 25,369 Barnes Group, Inc. .................... 252 8,316 Blount International, Inc. (a)......... 531 8,459 Carlisle Cos., Inc. ................... 450 31,117 Ceradyne, Inc. (a)..................... 324 14,191 Crane Co. ............................. 738 26,029 ESCO Technologies, Inc. (a)............ 369 16,417 Federal Signal Corp. .................. 693 10,402
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Griffon Corp. (a)...................... 384 $ 9,143 Harsco Corp. .......................... 600 40,506 Herman Miller, Inc. ................... 1,026 28,923 Hexcel Corp. (a)....................... 951 17,166 iRobot Corp. (a)....................... 100 3,333 Jacuzzi Brands, Inc. (a)............... 1,089 9,148 Matthews International Corp. (Class A)................................... 465 16,931 Myers Industries, Inc. ................ 369 5,380 NACCO Industries, Inc. ................ 81 9,489 Photon Dynamics, Inc. (a).............. 243 4,442 Raven Industries, Inc. ................ 243 7,011 Reddy Ice Holdings, Inc. .............. 144 3,141 Regal-Beloit Corp. .................... 441 15,611 Standex International Corp. ........... 162 4,497 Terex Corp. (a)........................ 711 42,233 The Brink's Co. ....................... 819 39,238 The Toro Co. .......................... 621 27,181 Tredegar Corp. ........................ 366 4,718 Trinity Industries, Inc. .............. 627 27,632 ----------- 490,684 ----------- MANUFACTURING (SPECIALIZED) -- 0.5% Astec Industries, Inc. (a)............. 216 7,055 Briggs & Stratton Corp. ............... 744 28,860 CTS Corp. ............................. 531 5,873 Dionex Corp. (a)....................... 306 15,018 EnPro Industries, Inc. (a)............. 297 8,004 IKON Office Solutions, Inc. ........... 1,698 17,676 Oakley, Inc. .......................... 378 5,553 Teleflex, Inc. ........................ 522 33,919 ----------- 121,958 ----------- METAL FABRICATORS -- 0.6% CIRCOR International, Inc. ............ 180 4,619 Commercial Metals Co. ................. 852 31,984 Earle M. Jorgensen Co. (a)............. 360 3,323 General Cable Corp. (a)................ 567 11,170 Kennametal, Inc. ...................... 528 26,949 Lawson Products, Inc. ................. 72 2,717 NS Group, Inc. (a)..................... 324 13,546 Quanex Corp. .......................... 360 17,989 The Timken Co. ........................ 1,194 38,232 Valmont Industries, Inc. .............. 225 7,529 ----------- 158,058 ----------- METALS MINING -- 0.4% Actuant Corp. (Class A)................ 378 21,092 AMCOL International Corp. ............. 360 7,387 Century Aluminum Co. (a)............... 342 8,964 Coeur d' Alene Mines Corp. (a)......... 3,441 13,764 Hecla Mining Co. (a)................... 1,707 6,931 RTI International Metals, Inc. (a)..... 306 11,613 Titanium Metals Corp. (a).............. 89 5,630 USEC, Inc. ............................ 1,215 14,519 ----------- 89,900 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 2.4% AGL Resources, Inc. ................... 1,053 36,655 Atmos Energy Corp. .................... 1,104 28,881 Boardwalk Pipeline Partners LP (a)..... 100 1,798 Buckeye Partners LP.................... 510 21,532
See accompanying notes to financial statements. 102 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Crosstex Energy LP..................... 153 $ 5,214 Dynegy, Inc. (Class A) (a)............. 3,879 18,774 Enbridge Energy Management LLC (a)..... 135 6,122 Energen Corp. ......................... 954 34,649 Holly Energy Partners LP............... 99 3,652 Kinder Morgan Management LLC (a)....... 627 28,503 Laclede Group, Inc. ................... 288 8,413 National Fuel Gas Co. ................. 1,140 35,557 New Jersey Resources Corp. ............ 396 16,589 Nicor, Inc. ........................... 636 25,001 Northwest Natural Gas Co. ............. 396 13,535 Pacific Energy Partners LP............. 384 11,278 Peoples Energy Corp. .................. 540 18,938 Piedmont Natural Gas Co., Inc. ........ 1,041 25,151 Plains All American Pipeline LP........ 783 30,983 South Jersey Industries, Inc. ......... 402 11,714 Southern Union Co. (a)................. 1,509 35,658 Southwest Gas Corp. ................... 540 14,256 UGI Corp. ............................. 1,500 30,900 Valero LP.............................. 537 27,795 Vectren Corp. ......................... 1,095 29,740 Western Gas Resources, Inc. ........... 927 43,653 WGL Holdings, Inc. .................... 702 21,102 ----------- 586,043 ----------- OFFICE EQUIPMENT & SUPPLIES -- 0.2% ACCO Brands Corp. (a).................. 612 14,994 Ennis, Inc. ........................... 369 6,705 John H. Harland Co. ................... 402 15,115 United Stationers, Inc. (a)............ 477 23,134 ----------- 59,948 ----------- OFFICE FURNISHINGS -- 0.3% Global Imaging Systems, Inc. (a)....... 333 11,532 HNI Corp. ............................. 675 37,078 Interface, Inc. (Class A) (a).......... 648 5,326 Knoll, Inc. ........................... 297 5,082 Steelcase, Inc. (Class A).............. 789 12,490 ----------- 71,508 ----------- OIL & GAS (DRILLING & EQUIPMENT) -- 1.7% Atlas America, Inc. (a)................ 180 10,840 Atwood Oceanics, Inc. (a).............. 189 14,748 Basic Energy Services, Inc. (a)........ 200 3,990 CARBO Ceramics, Inc. .................. 279 15,769 Dresser-Rand Group, Inc. (a)........... 387 9,358 Dril-Quip, Inc. (a).................... 108 5,098 FMC Technologies, Inc. (a)............. 999 42,877 Global Industries, Inc. (a)............ 1,113 12,632 Grey Wolf, Inc. (a).................... 2,757 21,312 Helmerich & Payne, Inc. ............... 666 41,232 Hercules Offshore, Inc. (a)............ 100 2,841 Hornbeck Offshore Services, Inc. (a)... 288 9,418 Hydril (a)............................. 279 17,465 Lone Star Technologies, Inc. (a)....... 420 21,697 Lufkin Industries, Inc. ............... 207 10,323 Maverick Tube Corp. (a)................ 612 24,394 Oceaneering International, Inc. (a).... 360 17,921 Offshore Logistics, Inc. (a)........... 315 9,198 Oil States International, Inc. (a)..... 432 13,686
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Parker Drilling Co. (a)................ 1,365 $ 14,783 Pioneer Drilling Co. (a)............... 549 9,843 SEACOR Holdings, Inc. (a).............. 279 19,000 Superior Energy Services, Inc. (a)..... 1,086 22,860 Superior Well Services, Inc. (a)....... 90 2,138 Todco (Class A) (a).................... 879 33,455 W-H Energy Services, Inc. (a).......... 405 13,397 ----------- 420,275 ----------- OIL & GAS (EXPLORATION/PRODUCTS) -- 3.0% ATP Oil & Gas Corp. (a)................ 270 9,993 Berry Petroleum Co. (Class A).......... 270 15,444 Bill Barrett Corp. (a)................. 405 15,637 Bois d'Arc Energy, Inc. (a)............ 270 4,282 Brigham Exploration Co. (a)............ 558 6,618 Cabot Oil & Gas Corp. ................. 702 31,660 Cal Dive International, Inc. (a)....... 1,026 36,823 Cheniere Energy, Inc. (a).............. 735 27,357 Cimarex Energy Co. (a)................. 1,176 50,580 Comstock Resources, Inc. (a)........... 585 17,848 Delta Petroleum Corp. (a).............. 441 9,601 Denbury Resources, Inc. (a)............ 1,572 35,810 Dorchester Minerals LP................. 387 9,857 Encore Aquisition Co. (a).............. 672 21,531 Energy Partners, Ltd. (a).............. 501 10,917 Enterprise GP Holdings LP.............. 153 5,771 Forest Oil Corp. (a)................... 756 34,451 FX Energy, Inc. (a).................... 495 3,950 Gasco Energy, Inc. (a)................. 1,300 8,489 Harvest Natural Resources, Inc. (a).... 522 4,635 Hugoton Royalty Trust.................. 261 9,894 KCS Energy, Inc. (a)................... 708 17,148 McMoRan Exploration Co. (a)............ 279 5,516 Meridian Resource Corp. (a)............ 1,248 5,242 Newpark Resources, Inc. (a)............ 1,212 9,248 Penn Virginia Corp. ................... 234 13,432 Petrohawk Energy Corp. (a)............. 810 10,708 Petroleum Development Corp. (a)........ 234 7,802 Quicksilver Resources, Inc. (a)........ 774 32,516 Range Resources Corp. ................. 1,853 48,795 Remington Oil & Gas Corp. (a).......... 315 11,497 RPC, Inc. ............................. 378 9,956 St. Mary Land & Exploration Co. ....... 834 30,699 Stone Energy Corp. (a)................. 360 16,391 Swift Energy Co. (a)................... 405 18,253 The Houston Exploration Co. (a)........ 405 21,384 Unit Corp. (a)......................... 558 30,707 Vintage Petroleum, Inc. ............... 783 41,757 W&T Offshore, Inc. .................... 261 7,673 Whiting Petroleum Corp. (a)............ 495 19,800 ----------- 729,672 ----------- OIL & GAS (REFINING & MARKETING) -- 0.5% Alon USA Energy, Inc. (a).............. 144 2,830 Crosstex Energy, Inc. ................. 117 7,378 Frontier Oil Corp. .................... 792 29,724 Giant Industries, Inc. (a)............. 180 9,353 Hanover Compressor Co. (a)............. 1,320 18,625 Holly Corp. ........................... 357 21,016 Sunoco Logistics Partners LP........... 180 6,966
See accompanying notes to financial statements. 103 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Universal Compression Holdings, Inc. (a).................................. 297 $ 12,213 Veritas DGC, Inc. (a).................. 450 15,970 ----------- 124,075 ----------- OIL (INTEGRATED) -- 0.1% BP Prudhoe Bay Royalty Trust........... 306 20,379 World Fuel Services Corp. ............. 387 13,050 ----------- 33,429 ----------- OIL FIELD SERVICES -- 0.1% Tidewater, Inc. ....................... 774 34,412 ----------- PAPER & FOREST PRODUCTS -- 0.6% Bowater, Inc. ......................... 801 24,607 Buckeye Technologies, Inc. (a)......... 540 4,347 Caraustar Industries, Inc. (a)......... 414 3,598 Deltic Timber Corp. ................... 162 8,401 Glatfelter............................. 555 7,875 Longview Fibre Co. .................... 738 15,358 Neenah Paper, Inc. .................... 216 6,048 Potlatch Corp. ........................ 423 21,565 Rayonier, Inc. ........................ 1,077 42,918 Rock-Tenn Co. ......................... 450 6,143 Schweitzer-Mauduit International, Inc. ................................ 216 5,352 Wausau-Mosinee Paper Corp. ............ 702 8,319 Xerium Technologies, Inc. ............. 195 1,640 ----------- 156,171 ----------- PERSONAL CARE -- 0.2% Chattem, Inc. (a)...................... 225 8,188 Elizabeth Arden, Inc. (a).............. 351 7,041 NBTY, Inc. (a)......................... 873 14,186 Perrigo Co. ........................... 1,284 19,144 Revlon, Inc. (Class A) (a)............. 2,145 6,650 ----------- 55,209 ----------- POWER PRODUCERS (INDEPENDENT) -- 0.1% Headwaters, Inc. (a)................... 594 21,051 Ormat Technologies, Inc. .............. 90 2,353 ----------- 23,404 ----------- PUBLISHING -- 0.3% Courier Corp. ......................... 162 5,563 John Wiley & Sons, Inc. (Class A)...... 639 24,946 Primedia, Inc. (a)..................... 2,211 3,560 Reader's Digest Association, Inc. ..... 1,248 18,995 Scholastic Corp. (a)................... 405 11,546 ----------- 64,610 ----------- PUBLISHING (NEWSPAPERS) -- 0.3% Dow Jones & Co., Inc. ................. 654 23,210 Hollinger International, Inc. ......... 663 5,940 Journal Register Co. .................. 603 9,015 Lee Enterprises, Inc. ................. 591 21,814 McClatchy Co. (Class A)................ 288 17,021 ----------- 77,000 ----------- RAILROADS -- 0.2% GATX Corp. ............................ 630 22,730 Kansas City Southern Industries, Inc. (a).................................. 915 22,354 ----------- 45,084 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- REAL ESTATE INVESTMENT TRUST -- 7.9% Aames Investment Corp. ................ 684 $ 4,419 Acadia Realty Trust.................... 402 8,060 Affordable Residential Communities..... 429 4,088 Alexander's, Inc. (a).................. 27 6,628 Alexandria Real Estate Equities, Inc. ................................ 306 24,633 American Financial Realty Trust........ 1,851 22,212 American Home Mortgage Investment Corp. ............................... 654 21,301 American Real Estate Partners LP....... 189 7,286 Amli Residential Properties Trust...... 369 14,040 Annaly Mortgage Management, Inc. ...... 1,752 19,167 Anthracite Capital, Inc. .............. 792 8,340 Anworth Mortgage Asset Corp. .......... 657 4,796 Arbor Realty Trust, Inc. .............. 243 6,299 Arden Realty, Inc. .................... 963 43,171 Ashford Hospitality Trust, Inc. ....... 600 6,294 Avatar Holdings, Inc. (a).............. 63 3,460 Bedford Property Investors, Inc. ...... 216 4,739 BioMed Realty Trust, Inc. ............. 645 15,738 Brandywine Realty Trust................ 774 21,602 BRE Properties, Inc. (Class A)......... 735 33,428 Camden Property Trust.................. 747 43,266 Capital Lease Funding, Inc. ........... 357 3,759 Capital Trust, Inc. (Class A).......... 171 5,007 CapitalSource, Inc. (a)................ 1,545 34,608 CarrAmerica Realty Corp. .............. 837 28,985 CB Richard Ellis Group, Inc. (Class A) (a).................................. 853 50,199 CBL & Associates Properties, Inc. ..... 864 34,137 Centerpoint Properties Corp. .......... 699 34,586 CentraCore Properties Trust............ 162 4,353 Colonial Properties Trust.............. 627 26,321 Commercial Net Lease Realty............ 780 15,889 Corporate Office Properties Trust...... 492 17,486 Cousins Properties, Inc. .............. 567 16,046 Crescent Real Estate Equities Co. ..... 1,437 28,481 Deerfield Triarc Capital Corp. ........ 360 4,932 DiamondRock Hospitality Co. ........... 676 8,085 EastGroup Properties, Inc. ............ 315 14,225 Education Realty Trust, Inc. .......... 315 4,060 Entertainment Properties Trust......... 360 14,670 Equity Inns, Inc. ..................... 762 10,325 Equity Lifestyle Properties, Inc. ..... 306 13,617 Equity One, Inc. ...................... 522 12,069 Essex Property Trust, Inc. ............ 303 27,937 Extra Space Storage, Inc. ............. 793 12,212 Federal Realty Investment Trust........ 756 45,851 FelCor Lodging Trust, Inc. ............ 675 11,617 Fieldstone Investment Corp. ........... 702 8,326 First Industrial Realty Trust, Inc. ... 594 22,869 Franklin Street Properties Corp. ...... 789 16,530 Getty Realty Corp. .................... 279 7,335 Glenborough Realty Trust, Inc. ........ 522 9,448 Glimcher Realty Trust.................. 513 12,476 Global Signal, Inc. ................... 303 13,077 GMH Communities Trust.................. 537 8,329 Health Care REIT, Inc. ................ 747 25,323 Healthcare Realty Trust, Inc. ......... 681 22,657 Heritage Property Investment Trust..... 387 12,926 Highland Hospitality Corp. ............ 720 7,956
See accompanying notes to financial statements. 104 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Highwoods Properties, Inc. ............ 774 $ 22,020 Home Properties of New York, Inc. ..... 456 18,605 HomeBanc Corp. ........................ 645 4,825 HRPT Properties Trust.................. 2,883 29,839 Impac Mortgage Holdings, Inc. ......... 1,077 10,135 Inland Real Estate Corp. .............. 870 12,867 Innkeepers USA Trust................... 612 9,792 Investors Real Estate Trust............ 645 5,953 JER Investors Trust, Inc. ............. 342 5,797 Jones Lang LaSalle, Inc. .............. 420 21,147 Kilroy Realty Corp. ................... 411 25,441 KKR Financial Corp. ................... 483 11,587 LaSalle Hotel Properties............... 432 15,863 Lexington Corporate Properties Trust... 747 15,911 LTC Properties, Inc. .................. 285 5,994 Luminent Mortgage Capital, Inc. ....... 495 3,717 Maguire Properties, Inc. .............. 537 16,593 Medical Properties Trust, Inc. ........ 171 1,672 MeriStar Hospitality Corp. (a)......... 1,260 11,844 MFA Mortgage Investments, Inc. ........ 1,188 6,772 Mid-America Apartment Communities, Inc. ................................ 297 14,404 National Health Investors, Inc. ....... 333 8,645 Nationwide Health Properties, Inc. .... 960 20,544 New Century Financial Corp. ........... 807 29,108 Newcastle Investment Corp. ............ 585 14,537 Newkirk Realty Trust, Inc. ............ 300 4,650 Novastar Financial, Inc. .............. 423 11,891 Omega Healthcare Investors, Inc. ...... 735 9,254 Pan Pacific Retail Properties, Inc. ... 585 39,131 Parkway Properties, Inc. .............. 204 8,189 Pennsylvania Real Estate Investment Trust................................ 486 18,157 Post Properties, Inc. ................. 576 23,011 Prentiss Properties Trust.............. 654 26,605 PS Business Parks, Inc. ............... 234 11,513 RAIT Investment Trust.................. 366 9,487 Ramco-Gershenson Properties Trust...... 243 6,476 Realty Income Corp. ................... 1,143 24,712 Reckson Associates Realty Corp. ....... 1,161 41,773 Redwood Trust, Inc. ................... 333 13,740 Saul Centers, Inc. .................... 153 5,523 Saxon Capital, Inc. ................... 720 8,158 Senior Housing Properties Trust........ 864 14,610 Shurgard Storage Centers, Inc. (Class A)................................... 663 37,599 SL Green Realty Corp. ................. 585 44,688 Sovran Self Storage, Inc. ............. 225 10,568 Spirit Finance Corp. .................. 915 10,385 Strategic Hotel Capital, Inc. ......... 432 8,891 Sun Communities, Inc. ................. 276 8,666 Sunstone Hotel Investors, Inc. ........ 630 16,739 Tanger Factory Outlet Centers, Inc. ... 396 11,381 Taubman Centers, Inc. ................. 675 23,456 Town & Country Trust................... 234 7,912 Trammell Crow Co. (a).................. 513 13,158 Trizec Properties, Inc. ............... 1,338 30,667 Trustreet Properties, Inc. ............ 753 11,009 U-Store-It Trust....................... 648 13,640 U.S. Shipping Partners L.P. ........... 99 2,176 Universal Health Realty Income Trust... 162 5,077 Urstadt Biddle Properties (Class A).... 270 4,377
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Ventas, Inc. .......................... 1,482 $ 47,454 W.P. Carey & Co. LLC................... 396 10,043 Washington Real Estate Investment Trust................................ 603 18,301 ----------- 1,926,355 ----------- REINSURANCE -- 1.3% Aspen Insurance Holdings, Ltd. ........ 666 15,764 Assured Guaranty, Ltd. ................ 711 18,052 Axis Capital Holdings, Ltd. ........... 1,752 54,803 Endurance Specialty Holdings, Ltd. .... 771 27,640 Enstar Group, Inc. (a)................. 100 6,625 IPC Holdings, Ltd. .................... 681 18,646 Max Re Capital, Ltd. .................. 621 16,127 Montpelier Re Holdings, Ltd. .......... 1,197 22,623 Odyssey Re Holdings Corp. ............. 180 4,514 PartnerRe, Ltd. ....................... 789 51,814 Platinum Underwriters Holdings, Ltd. ................................ 654 20,320 RenaissanceRe Holdings, Ltd. .......... 1,026 45,257 Transatlantic Holdings, Inc. .......... 378 25,402 ----------- 376,490 ----------- RESTAURANTS -- 1.5% Applebees International, Inc. ......... 1,170 26,430 BJ's Restaurants, Inc. (a)............. 204 4,663 Bob Evans Farms, Inc. ................. 510 11,761 California Pizza Kitchen, Inc. (a)..... 279 8,920 CBRL Group, Inc. ...................... 702 24,675 CEC Entertainment, Inc. (a)............ 531 18,075 Domino's Pizza, Inc. .................. 441 10,672 IHOP Corp. ............................ 288 13,510 Jack in the Box, Inc. (a).............. 528 18,443 Krispy Kreme Doughnuts, Inc. (a)....... 834 4,787 Landry's Restaurants, Inc. ............ 252 6,731 Lone Star Steakhouse & Saloon, Inc. ... 261 6,196 O'Charleys, Inc. (a)................... 306 4,746 P F Chang's China Bistro, Inc. (a)..... 351 17,420 Panera Bread Co. (Class A) (a)......... 414 27,192 Papa John's International, Inc. (a).... 171 10,142 Rare Hospitality International, Inc. (a).................................. 486 14,770 Red Robin Gourmet Burgers, Inc. (a).... 180 9,173 Ruby Tuesday, Inc. .................... 906 23,456 Ruth's Chris Steak House, Inc. (a)..... 189 3,421 Ryan's Restaurant Group, Inc. (a)...... 603 7,272 Sonic Corp. (a)........................ 855 25,223 Texas Roadhouse, Inc. (Class A) (a).... 684 10,636 The Cheesecake Factory, Inc. (a)....... 1,122 41,952 The Steak n Shake Co. (a).............. 396 6,712 Triarc Cos., Inc. (Class B)............ 618 9,177 ----------- 376,490 ----------- RETAIL -- 0.1% AFC Enterprises, Inc. (a).............. 297 4,491 CKE Restaurants, Inc. ................. 765 10,335 Ruddick Corp. ......................... 504 10,725 Weis Markets, Inc. .................... 108 4,648 ----------- 19,864 ----------- RETAIL (DEPARTMENT STORES) -- 0.5% Aeropostale, Inc. (a).................. 801 21,066 Cost Plus, Inc. (a).................... 315 5,402 Dillards, Inc. (Class A)............... 987 24,498
See accompanying notes to financial statements. 105 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Saks, Inc. (a)......................... 1,815 $ 30,601 Stein Mart, Inc. ...................... 387 7,024 Tractor Supply Co. (a)................. 504 26,682 ----------- 115,273 ----------- RETAIL (DISCOUNTERS) -- 0.4% 99 Cents Only Stores (a)............... 702 7,343 Big Lots, Inc. (a)..................... 1,662 19,961 BJ'S Wholesale Club, Inc. (a).......... 1,005 29,708 Dress Barn, Inc. (a)................... 315 12,162 Fred's, Inc. (Class A)................. 531 8,639 Tuesday Morning Corp. ................. 432 9,037 ----------- 86,850 ----------- RETAIL (SPECIALTY APPAREL) -- 1.2% AnnTaylor Stores Corp. (a)............. 1,053 36,350 Bebe Stores, Inc. ..................... 330 4,630 Brown Shoe Co., Inc. .................. 249 10,565 Buckle, Inc. .......................... 117 3,772 Burlington Coat Factory Warehouse Corp. ............................... 288 11,580 Charming Shoppes, Inc. (a)............. 1,536 20,275 Christopher & Banks Corp. ............. 528 9,916 Claire's Stores, Inc. ................. 1,185 34,626 DEB Shops, Inc. ....................... 81 2,408 DSW, Inc. (Class A) (a)................ 216 5,664 Genesco, Inc. (a)...................... 315 12,219 Hot Topic, Inc. (a).................... 657 9,362 Jos. A. Bank Clothiers, Inc. (a)....... 189 8,204 Mens Wearhouse, Inc. (a)............... 708 20,844 New York & Co., Inc. (a)............... 207 4,388 Pacific Sunwear of California, Inc. (a).................................. 1,107 27,586 Stage Stores, Inc. .................... 393 11,704 Talbots, Inc. ......................... 342 9,514 The Cato Corp. (Class A)............... 450 9,653 The Children's Place Retail Stores, Inc. (a)............................. 198 9,785 Too, Inc. (a).......................... 501 14,133 Under Armour, Inc. (Class A) (a)....... 200 7,662 ----------- 284,840 ----------- RETAIL (SPECIALTY) -- 2.2% AC Moore Arts & Crafts, Inc. (a)....... 195 2,837 Asbury Automotive Group, Inc. (a)...... 216 3,555 Big 5 Sporting Goods Corp. ............ 324 7,092 Blockbuster, Inc. (Class A)............ 2,499 9,371 Borders Group, Inc. ................... 1,053 22,819 Build-A-Bear Workshop, Inc. (a)........ 153 4,535 Cabela's Inc. (a)...................... 630 10,458 Casey's General Stores, Inc. .......... 675 16,740 Cash America International, Inc. ...... 405 9,392 Coldwater Creek, Inc. (a).............. 522 15,937 Conn's, Inc. (a)....................... 117 4,314 Copart, Inc. (a)....................... 963 22,207 CSK Auto Corp. (a)..................... 672 10,134 Dicks Sporting Goods, Inc. (a)......... 468 15,556 First Cash Financial Services, Inc. (a).................................. 198 5,774 GameStop Corp. (Class A) (a)........... 873 27,779 Group 1 Automotive, Inc. (a)........... 306 9,618 Guitar Center, Inc. (a)................ 360 18,004 Hibbett Sporting Goods, Inc. (a)....... 441 12,560 Inergy Holdings LP..................... 54 1,945
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Inergy LP.............................. 474 $ 12,291 Insight Enterprises, Inc. (a).......... 702 13,766 J Jill Group, Inc. (a)................. 279 5,309 Jo-Ann Stores, Inc. (a)................ 306 3,611 Linen 'n Things, Inc. (a).............. 654 17,396 Lithia Motors, Inc. (Class A).......... 216 6,791 Longs Drug Stores Corp. ............... 432 15,720 Movado Group, Inc. .................... 261 4,776 Movie Gallery, Inc. ................... 384 2,154 Nautilus Group, Inc. .................. 441 8,229 Nu Skin Enterprises, Inc. (Class A).... 762 13,396 OfficeMax, Inc. ....................... 933 23,661 Pantry, Inc. (a)....................... 315 14,802 PETCO Animal Supplies, Inc. (a)........ 594 13,038 Pier 1 Imports, Inc. .................. 1,149 10,031 School Specialty, Inc. (a)............. 324 11,807 Select Comfort Corp. (a)............... 531 14,523 Smart & Final, Inc. (a)................ 180 2,318 Sonic Automotive, Inc. (Class A)....... 423 9,425 Sotheby's Holding, Inc. (a)............ 666 12,228 The Finish Line, Inc. (Class A)........ 576 10,034 The Pep Boys -- Manny, Moe & Jack...... 834 12,418 The Sports Authority, Inc. (a)......... 324 10,086 The Yankee Candle, Inc. ............... 657 16,819 United Auto Group, Inc. ............... 288 11,002 Zale Corp. (a)......................... 747 18,787 Zumiez, Inc. (a)....................... 75 3,241 ----------- 528,286 ----------- RETAIL STORES (DRUG STORE) -- 0.1% Rite Aid Corp. (a)..................... 6,432 22,383 ----------- SAVINGS & LOAN COMPANIES -- 1.1% Anchor Bancorp Wisconsin, Inc. ........ 315 9,557 BankAtlantic Bancorp, Inc. (Class A)... 672 9,408 BankUnited Financial Corp. ............ 402 10,681 Brookline Bancorp, Inc. ............... 891 12,625 Capitol Federal Financial.............. 306 10,080 Charter Financial Corp. ............... 54 1,928 Clifton Savings Bancorp, Inc. ......... 198 1,992 Dime Community Bancshares.............. 486 7,100 Downey Financial Corp. ................ 297 20,312 Fidelity Bankshares, Inc. ............. 330 10,791 First Financial Holdings, Inc. ........ 180 5,530 First Place Financial Corp. ........... 207 4,978 FirstFed Financial Corp. (a)........... 234 12,758 Flagstar Bancorp, Inc. ................ 447 6,437 Flushing Financial Corp. .............. 252 3,924 Franklin Bank Corp. (a)................ 339 6,099 Harbor Florida Bancshares, Inc. ....... 315 11,671 Kearny Financial Corp. ................ 315 3,843 KNBT Bancorp, Inc. .................... 492 8,015 MAF Bancorp, Inc. ..................... 468 19,366 NetBank, Inc. ......................... 675 4,846 Northwest Bancorp, Inc. ............... 297 6,314 OceanFirst Financial Corp. ............ 144 3,277 Partners Trust Financial Group, Inc. ................................ 585 7,049 PFF Bancorp, Inc. ..................... 324 9,888 Provident New York Bancorp............. 663 7,300 Sterling Financial Corp. .............. 501 12,515
See accompanying notes to financial statements. 106 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- United Community Financial Corp. ...... 396 $ 4,677 Washington Federal, Inc. .............. 1,248 28,692 Wauwatosa Holdings, Inc. (a)........... 144 1,647 World Acceptance Corp. (a)............. 234 6,669 WSFS Financial Corp. .................. 90 5,512 ----------- 275,481 ----------- SEMICONDUCTORS -- 0.1% AMIS Holdings, Inc. (a)................ 477 5,080 Exar Corp. (a)......................... 504 6,310 Tessera Technologies, Inc. (a)......... 636 16,441 Veeco Instruments, Inc. (a)............ 369 6,395 ----------- 34,226 ----------- SERVICES (ADVERTISING/MARKETING) -- 0.5% ADVO, Inc. ............................ 441 12,427 aQuantive, Inc. (a).................... 792 19,990 Catalina Marketing Corp. .............. 708 17,948 Harte-Hanks, Inc. ..................... 735 19,397 Marchex, Inc. (Class B) (a)............ 297 6,680 R.H. Donnelley Corp. (a)............... 450 27,729 ValueVision Media, Inc. (Class A) (a).................................. 369 4,649 Ventiv Health, Inc. (a)................ 387 9,141 ----------- 117,961 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 5.1% Aaron Rents, Inc. (Class B)............ 594 12,522 ABM Industries, Inc. .................. 573 11,202 ACE Cash Express, Inc. (a)............. 153 3,573 ADESA, Inc. ........................... 1,323 32,308 Administaff, Inc. ..................... 315 13,246 Advance America Cash Advance Centers, Inc. ................................ 915 11,346 Advisory Board Co. (a)................. 252 12,013 Alderwoods Group, Inc. (a)............. 576 9,141 Alliance Data Systems Corp. (a)........ 1,054 37,522 AMN Healthcare Services, Inc. (a)...... 414 8,189 Arbitron, Inc. ........................ 447 16,977 Avnet, Inc. (a)........................ 1,743 41,727 Banta Corp. ........................... 360 17,928 BearingPoint, Inc. (a)................. 2,445 19,218 Bright Horizons Family Solutions, Inc. (a).................................. 387 14,338 CBIZ, Inc. (a)......................... 951 5,725 Central Parking Corp. ................. 252 3,457 Chemed Corp. .......................... 366 18,183 Coinstar, Inc. (a)..................... 333 7,602 Compass Minerals International, Inc. ................................ 447 10,969 Convergys Corp. (a).................... 2,046 32,429 Corinthian Colleges, Inc. (a).......... 1,305 15,373 Corrections Corp. of America (a)....... 567 25,498 CoStar Group, Inc. (a)................. 243 10,490 CRA International, Inc. (a)............ 162 7,726 Cross Country Healthcare, Inc. (a)..... 360 6,401 Deluxe Corp. .......................... 726 21,882 DeVry, Inc. (a)........................ 882 17,640 DiamondCluster International, Inc. (a).................................. 414 3,287 Dollar Thrifty Automotive Group (a).... 339 12,228 Educate, Inc. (a)...................... 288 3,398 Education Management Corp. (a)......... 987 33,074 Euronet Worldwide, Inc. (a)............ 438 12,176 Forrester Research, Inc. (a)........... 198 3,713
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- FTI Consulting, Inc. (a)............... 618 $ 16,958 G & K Services, Inc. (Class A)......... 270 10,598 Gartner, Inc. (a)...................... 756 9,752 Global Cash Access, Inc. (a)........... 234 3,414 Healthcare Services Group, Inc. ....... 342 7,083 Heartland Payment Systems, Inc. (a).... 99 2,144 Interactive Data Corp. (a)............. 513 11,650 iPayment, Inc. (a)..................... 189 7,847 ITT Educational Services, Inc. (a)..... 657 38,835 Jackson Hewitt Tax Service, Inc. ...... 465 12,885 Laidlaw International, Inc. ........... 1,500 34,845 Landauer, Inc. ........................ 126 5,807 Laureate Education, Inc. (a)........... 645 33,869 LECG Corp. (a)......................... 270 4,693 Lincoln Educational Services Corp. (a).................................. 54 770 Macquarie Infrastructure Co. Trust..... 351 10,811 MAXIMUS, Inc. ......................... 270 9,906 McGrath Rentcorp....................... 288 8,006 Morningstar, Inc. (a).................. 144 4,988 Navigant Consulting, Inc. (a).......... 702 15,430 NCO Group, Inc. (a).................... 423 7,157 Netflix, Inc. (a)...................... 384 10,391 Pharmaceutical Product Development, Inc. ................................ 726 44,976 PHH Corp. (a).......................... 762 21,351 PRA International (a).................. 279 7,854 Pre-Paid Legal Services, Inc. ......... 207 7,910 Quanta Services, Inc. (a).............. 1,467 19,320 Regis Corp. ........................... 639 24,646 Rent-A-Center, Inc. (a)................ 1,080 20,369 Rollins, Inc. ......................... 504 9,934 Service Corp. International............ 4,476 36,614 SFBC International, Inc. (a)........... 261 4,179 Sourcecorp, Inc. (a)................... 225 5,396 Spectrum Brands, Inc. (a).............. 510 10,358 Steiner Leisure, Ltd. (a).............. 279 9,921 Stewart Enterprises, Inc. (Class A).... 1,386 7,498 Strayer Education, Inc. ............... 213 19,958 TeleTech Holdings, Inc. (a)............ 558 6,724 The Corporate Executive Board Co. ..... 594 53,282 TNS, Inc. (a).......................... 333 6,387 Universal Technical Institute, Inc. (a).................................. 297 9,189 Valassis Communications, Inc. (a)...... 747 21,715 VCA Antech, Inc. (a)................... 1,185 33,417 Viad Corp. ............................ 321 9,415 Volt Information Sciences, Inc. (a).... 126 2,397 Washington Group International, Inc. ................................ 378 20,023 Watson Wyatt Worldwide, Inc. (Class A)................................... 603 16,824 Websense, Inc. (a)..................... 333 21,858 Wright Express Corp. (a)............... 582 12,804 ----------- 1,244,659 ----------- SERVICES (COMPUTER SYSTEMS) -- 0.3% CACI International, Inc. (Class A) (a).................................. 423 24,272 CIBER, Inc. (a)........................ 801 5,286 Digital River, Inc. (a)................ 495 14,721 eFunds Corp. (a)....................... 654 15,330 Keane, Inc. (a)........................ 780 8,588 ----------- 68,197 -----------
See accompanying notes to financial statements. 107 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- SERVICES (DATA PROCESSING) -- 1.1% Acxiom Corp. .......................... 1,142 $ 26,266 CCC Information Services Group, Inc. (a).................................. 162 4,248 Certegy, Inc. ......................... 900 36,504 CSG Systems International, Inc. (a).... 684 15,267 Fair Isaac Corp. ...................... 972 42,933 FalconStor Software, Inc. (a).......... 369 2,727 FileNET Corp. (a)...................... 567 14,657 Global Payments, Inc. ................. 1,095 51,038 infoUSA, Inc. (a)...................... 510 5,574 MoneyGram International, Inc. ......... 1,278 33,330 The BISYS Group, Inc. (a).............. 1,734 24,293 ----------- 256,837 ----------- SERVICES (EMPLOYMENT) -- 0.6% CDI Corp. ............................. 180 4,932 First Advantage Corp. (Class A) (a).... 100 2,671 Gevity HR, Inc. ....................... 387 9,954 Heidrick & Struggles International, Inc. (a)............................. 279 8,942 Hewitt Associates, Inc. (Class A) (a).................................. 767 21,484 Hudson Highland Group, Inc. (a)........ 348 6,041 Kelly Services, Inc. (Class A)......... 270 7,079 Kforce, Inc. (a)....................... 513 5,725 Korn/Ferry International (a)........... 564 10,541 Labor Ready, Inc. (a).................. 603 12,555 MPS Group, Inc. (a).................... 1,518 20,751 Resources Connection, Inc. (a)......... 684 17,825 Spherion Corp. (a)..................... 879 8,799 ----------- 137,299 ----------- SHIPPING -- 0.5% American Commercial Lines, Inc. (a).... 117 3,544 Double Hull Tankers, Inc. (a).......... 234 3,082 Eagle Bulk Shipping, Inc. ............. 288 4,585 Genco Shipping & Trading, Ltd. ........ 171 2,982 General Maritime Corp. ................ 513 19,002 Genesee & Wyoming, Inc. (Class A) (a).................................. 369 13,856 Gulfmark Offshore, Inc. (a)............ 288 8,531 Horizon Lines, Inc. ................... 180 2,183 HUB Group, Inc. (Class A) (a).......... 288 10,181 Kirby Corp. (a)........................ 288 15,025 OMI Corp. ............................. 1,115 20,237 Pacer International, Inc. ............. 540 14,072 Ship Finance International, Ltd. ...... 546 9,227 TAL International Group, Inc. (a)...... 162 3,345 ----------- 129,852 ----------- SPECIALTY PRINTING -- 0.1% Bowne & Co., Inc. ..................... 510 7,568 Consolidated Graphics, Inc. (a)........ 171 8,095 VistaPrint, Ltd. (a)................... 144 3,277 ----------- 18,940 ----------- STEEL -- 1.0% AK Steel Holding Corp. (a)............. 1,491 11,853 Allegheny Technologies, Inc. .......... 1,122 40,482 Carpenter Technology Corp. ............ 315 22,198 Chaparral Steel Co. (a)................ 330 9,982 Cleveland-Cliffs, Inc. ................ 315 27,900 Gibraltar Industries, Inc. ............ 423 9,704 Oregon Steel Mills, Inc. (a)........... 495 14,563
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Reliance Steel & Aluminum Co. ......... 405 $ 24,754 Ryerson Tull, Inc. .................... 330 8,026 Schnitzer Steel Industries, Inc. (Class A)................................... 324 9,911 Steel Dynamics, Inc. .................. 654 23,223 The Shaw Group, Inc. (a)............... 1,122 32,639 Worthington Industries, Inc. .......... 1,026 19,709 ----------- 254,944 ----------- STORAGE/WAREHOUSING -- 0.0% (B) Mobile Mini, Inc. (a).................. 207 9,812 ----------- TELECOMMUNICATIONS -- 0.2% Audiovox Corp. (Class A) (a)........... 270 3,742 Commonwealth Telephone Enterprises, Inc. ................................ 306 10,334 Global Crossing, Ltd. (a).............. 225 3,607 Ixia (a)............................... 504 7,449 RCN Corp. (a).......................... 522 12,241 Symmetricom, Inc. (a).................. 639 5,412 Wireless Facilities, Inc. (a).......... 681 3,473 ----------- 46,258 ----------- TELEPHONE -- 0.4% Broadwing Corp. (a).................... 918 5,554 Cincinnati Bell, Inc. (a).............. 3,540 12,425 Consolidated Communications Holdings, Inc. ................................ 261 3,390 General Communication, Inc. (Class A) (a).................................. 636 6,570 IDT Corp. (Class B) (a)................ 981 11,478 Iowa Telecommunications Services, Inc. ................................ 333 5,158 Level 3 Communications, Inc. (a)....... 8,949 25,684 NeuStar, Inc. (Class A) (a)............ 396 12,074 Premiere Global Services, Inc. (a)..... 942 7,659 SureWest Communications................ 189 4,984 Time Warner Telecom, Inc. (Class A) (a).................................. 717 7,062 Valor Communications Group, Inc. ...... 549 6,259 ----------- 108,297 ----------- TEXTILES (APPAREL) -- 0.6% Carter's, Inc. (a)..................... 261 15,360 Columbia Sportswear Co. (a)............ 216 10,310 Guess ?, Inc. (a)...................... 225 8,010 Gymboree Corp. (a)..................... 441 10,319 Kellwood Co. .......................... 396 9,456 Maidenform Brands, Inc. (a)............ 186 2,355 Oxford Industries, Inc. ............... 204 11,159 Phillips-Van Heusen Corp. ............. 531 17,204 Quiksilver, Inc. (a)................... 1,707 23,625 Russell Corp. ......................... 414 5,572 UniFirst Corp. ........................ 126 3,919 Volcom, Inc. (a)....................... 81 2,755 Warnaco Group, Inc. (a)................ 630 16,834 ----------- 136,878 ----------- TOBACCO -- 0.3% Loews Corp. (Carolina Group)........... 1,077 47,377 Universal Corp. ....................... 369 16,000 Vector Group, Ltd. .................... 297 5,397 ----------- 68,774 ----------- TRANSPORTATION -- 0.6% Alexander & Baldwin, Inc. ............. 630 34,171 EGL, Inc. (a).......................... 504 18,935 Florida East Coast Industries, Inc. ... 261 11,059
See accompanying notes to financial statements. 108 STREETTRACKS DJ WILSHIRE SMALL CAP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Overseas Shipholding Group, Inc. ...... 396 $ 19,954 RailAmerica, Inc. (a).................. 531 5,836 Teekay Shipping Corp. ................. 699 27,890 UTI Worldwide, Inc. ................... 270 25,067 ----------- 142,912 ----------- TRUCKING -- 0.9% Amerco, Inc. (a)....................... 126 9,078 Arkansas Best Corp. ................... 324 14,152 CNF, Inc. ............................. 762 42,588 Forward Air Corp. ..................... 468 17,152 Heartland Express, Inc. ............... 663 13,452 Knight Transportation, Inc. ........... 797 16,512 Landstar Systems, Inc. ................ 861 35,938 Old Dominion Freight Line, Inc. (a).... 416 11,210 Ryder Systems, Inc. ................... 924 37,903 SIRVA, Inc. (a)........................ 360 2,880 Swift Transportation Co., Inc. (a)..... 702 14,251 Werner Enterprises, Inc. .............. 816 16,075 ----------- 231,191 ----------- TRUCKS & PARTS -- 0.3% ASV, Inc. (a).......................... 288 7,194 Interpool, Inc. ....................... 177 3,342 Oshkosh Truck Corp. ................... 1,059 47,221 The Greenbrier Cos., Inc. ............. 171 4,857 Wabash National Corp. ................. 447 8,515 ----------- 71,129 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- WATER -- 0.1% American States Water Co. ............. 243 $ 7,484 California Water Service Group......... 243 9,290 SJW Corp. ............................. 90 4,095 ----------- 20,869 ----------- TOTAL COMMON STOCKS -- (Cost $24,278,366)......................... 24,329,907 ----------- SHORT TERM INVESTMENTS -- 0.1% MONEY MARKET FUND -- 0.1% AIM Short Term Investment Class Prime Fund (Cost $19,982).................. 19,982 19,982 ----------- TOTAL INVESTMENTS -- 99.8% (Cost $24,298,348)................... 24,349,889 OTHER ASSETS AND LIABILITIES -- 0.2% 49,558 ----------- NET ASSETS -- 100.0%................... $24,399,447 =========== (a) Non-income producing security (b) Amount shown represents less than 0.005% of net assets.
See accompanying notes to financial statements. 109 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.7% AEROSPACE/DEFENSE -- 0.9% AAR Corp. (a).......................... 2,550 $ 61,072 Armor Holdings, Inc. (a)............... 2,695 114,942 BE Aerospace, Inc. (a)................. 4,781 105,182 Curtiss-Wright Corp. .................. 1,765 96,369 Innovative Solutions & Support, Inc. (a).................................. 1,168 14,927 K&F Industries Holdings, Inc. (a)...... 1,489 22,871 Moog, Inc. (a)......................... 2,973 84,374 MTC Technologies, Inc. (a)............. 849 23,246 Orbital Sciences Corp. (a)............. 4,674 60,014 United Industrial Corp. ............... 853 35,288 ----------- 618,285 ----------- AGRICULTURE -- 0.1% Delta and Pine Land Co. ............... 3,078 70,825 ----------- AIR FREIGHT -- 0.1% ABX Air, Inc. (a)...................... 4,887 38,265 ----------- AIRLINES -- 0.9% AirTran Holdings, Inc. (a)............. 7,222 115,769 Continental Airlines, Inc. (Class B) (a).................................. 7,117 151,592 ExpressJet Holdings, Inc. (a).......... 3,188 25,791 JetBlue Airways Corp. (a).............. 13,011 200,109 SkyWest, Inc. ......................... 4,888 131,292 ----------- 624,553 ----------- AUTO PARTS & EQUIPMENT -- 0.1% Accuride Corp. (a)..................... 1,905 24,575 Keystone Automotive Industries, Inc. (a).................................. 1,276 40,168 ----------- 64,743 ----------- BANKS (REGIONAL) -- 3.3% Bank of the Ozarks, Inc. .............. 851 31,402 Boston Private Financial Holdings, Inc. ................................ 2,442 74,286 Capitol Bancorp, Ltd. ................. 1,172 43,880 Cascade Bancorp........................ 1,382 31,800 Cathay General Bancorp................. 3,612 129,815 CoBiz, Inc. ........................... 1,170 21,329 East West Bancorp, Inc. ............... 4,186 152,747 EuroBancshares, Inc. (a)............... 1,063 15,063 First Community Bancorp, Inc. ......... 1,265 68,778 Frontier Financial Corp. .............. 2,339 74,848 Great Southern Bancorp, Inc. .......... 848 23,413 Hanmi Financial Corp. ................. 4,142 73,976 Investors Financial Services Corp. .... 5,527 203,559 Main Street Banks, Inc. ............... 1,380 37,577 MB Financial, Inc. .................... 2,334 82,624 Old Second Bancorp, Inc. .............. 1,277 39,038 PrivateBancorp, Inc. .................. 1,700 60,469 Prosperity Bancshares, Inc. ........... 2,336 67,137 S.Y. Bancorp, Inc. .................... 1,061 26,546 Signature Bank (a)..................... 2,021 56,729 SVB Financial Group (a)................ 2,983 139,724 Texas Capital Bancshares, Inc. (a)..... 2,016 45,179 Texas Regional Bancshare, Inc. ........ 3,823 108,191 Trico Bancshares....................... 1,272 29,752 UCBH Holdings, Inc. ................... 7,650 136,782 Umpqua Holdings Corp. ................. 3,716 106,017 United Community Banks, Inc. .......... 2,764 73,688 Virginia Commerce Bancorp (a).......... 954 27,752
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- W Holding Co., Inc. ................... 11,153 $ 91,789 Westamerica Bancorporation............. 2,659 141,113 Western Alliance Bancorp (a)........... 318 9,499 Wintrust Financial Corp. .............. 1,916 105,188 Zions Bancorp.......................... 1 76 ----------- 2,329,766 ----------- BEVERAGES (ALCOHOLIC) -- 0.0% (B) Boston Beer Co., Inc. (a).............. 743 18,575 ----------- BEVERAGES (NON-ALCOHOLIC) -- 0.4% Coca-Cola Hellenic Bottling Co. SA..... 320 13,760 Hansen Natural Corp. (a)............... 1,276 100,562 Peet's Coffee & Tea, Inc. (a).......... 1,169 35,479 PepsiAmericas, Inc. ................... 5,739 133,489 ----------- 283,290 ----------- BIOTECHNOLOGY -- 4.0% Abgenix, Inc. (a)...................... 6,585 141,643 Affymetrix, Inc. (a)................... 5,498 262,530 Albany Molecular Research, Inc. (a).... 1,703 20,691 Biosite, Inc. (a)...................... 1,434 80,720 Coley Pharmaceutical Group, Inc. (a)... 530 8,035 CV Therapeutics, Inc. (a).............. 3,643 90,091 Digene Corp. (a)....................... 1,592 46,439 Encysive Pharmaceuticals, Inc. (a)..... 4,781 37,722 Enzo Biochem, Inc. (a)................. 2,552 31,696 Enzon Pharmaceuticals, Inc. (a)........ 3,716 27,498 Exelixis, Inc. (a)..................... 7,009 66,025 Geron Corp. (a)........................ 5,313 45,745 Haemonetics Corp. (a).................. 2,140 104,560 ICOS Corp. (a)......................... 4,886 135,000 Integra LifeSciences Holdings Corp. (a).................................. 1,489 52,800 Keryx Biopharmaceuticals, Inc. (a)..... 2,658 38,913 Lexicon Genetics, Inc. (a)............. 3,509 12,808 Lifecell Corp. (a)..................... 2,654 50,612 Martek Biosciences Corp. (a)........... 2,557 62,928 Maxygen, Inc. (a)...................... 2,232 16,762 Momenta Pharmaceuticals, Inc. (a)...... 1,383 30,481 Myogen, Inc. (a)....................... 1,936 58,390 Myriad Genetics, Inc. (a).............. 3,120 64,896 Nabi Biopharmaceuticals (a)............ 4,888 16,521 Nektar Therapeutics (a)................ 7,108 116,998 Neurocrine Biosciences, Inc. (a)....... 3,026 189,821 Northfield Laboratories, Inc. (a)...... 2,124 28,462 NPS Pharmaceuticals, Inc. (a).......... 3,829 45,335 Onyx Pharmaceuticals, Inc. (a)......... 3,315 95,339 PDL Biopharma, Inc. (a)................ 9,270 263,453 Regeneron Pharmaceuticals, Inc. (a).... 3,188 50,849 Serologicals Corp. (a)................. 2,867 56,595 Techne Corp. (a)....................... 2,992 168,001 Telik, Inc. (a)........................ 4,391 74,603 Vertex Pharmaceuticals, Inc. (a)....... 7,759 214,692 ----------- 2,807,654 ----------- BROADCASTING (TV, RADIO & CABLE) -- 0.7% Charter Communications, Inc. (a)....... 33,862 41,312 CKX, Inc. (a).......................... 3,822 49,686 Crown Media Holdings, Inc. (Class A) (a).................................. 848 7,776 Entercom Communications Corp. (a)...... 3,317 98,415 Entravision Communications Corp. (a)... 4,677 33,300
See accompanying notes to financial statements. 110 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Gemstar-TV Guide International, Inc. (a).................................. 20,928 $ 54,622 Gray Television, Inc. ................. 3,929 38,583 Martha Stewart Living Omnimedia, Inc. (Class A) (a)........................ 1,699 29,614 Mediacom Communications Corp. (a)...... 3,904 21,433 Salem Communications Corp. (a)......... 959 16,773 Spanish Broadcasting System, Inc. (a).................................. 3,295 16,837 Westwood One, Inc. .................... 6,269 102,185 WorldSpace, Inc. (Class A) (a)......... 959 13,915 ----------- 524,451 ----------- BUILDING MATERIALS -- 0.8% Drew Industries, Inc. (a).............. 1,381 38,930 Florida Rock Industries, Inc. ......... 4,251 208,554 Genlyte Group, Inc. (a)................ 2,022 108,318 Interline Brands, Inc. (a)............. 2,337 53,167 Simpson Manufacturing Co., Inc. ....... 3,096 112,540 Trex Co., Inc. (a)..................... 852 23,899 ----------- 545,408 ----------- CELLULAR/WIRELESS TELECOMMUNICATIONS -- 1.4% Alamosa Holdings, Inc. (a)............. 12,535 233,276 Atheros Communications, Inc. (a)....... 2,445 31,785 Centennial Communications Corp. (a).... 2,018 31,320 Dobson Communications Corp. (Class A) (a).................................. 12,192 91,440 InterDigital Communications Corp. (a).................................. 4,582 83,942 Leap Wireless International, Inc. (a).................................. 3,189 120,799 Novatel Wireless, Inc. (a)............. 1,912 23,154 Price Communications Corp. (a)......... 3,508 52,164 SBA Communications Corp. (a)........... 6,590 117,961 Syniverse Holdings, Inc. (a)........... 2,339 48,885 Ubiquitel, Inc. (a).................... 6,267 61,981 Viasat, Inc. (a)....................... 2,124 56,775 ----------- 953,482 ----------- CHEMICALS (DIVERSIFIED) -- 0.2% Celanese Corp. ........................ 5,892 112,655 ----------- CHEMICALS (SPECIALTY) -- 0.6% American Vanguard Corp. ............... 1,065 25,028 CF Industries Holdings, Inc. .......... 3,503 53,421 MacDermid, Inc. ....................... 2,110 58,869 Symyx Technologies (a)................. 2,658 72,537 Terra Industries, Inc. (a)............. 7,759 43,450 The Scotts Co. (Class A)............... 3,731 168,790 ----------- 422,095 ----------- COAL -- 0.2% Alliance Resource Partners LP.......... 1,633 60,748 Alpha Natural Resources, Inc. (a)...... 3,082 59,205 ----------- 119,953 ----------- COMMUNICATIONS EQUIPMENT -- 2.5% Aeroflex, Inc. (a)..................... 6,267 67,370 Arris Group, Inc. (a).................. 8,406 79,605 Avid Technology, Inc. (a).............. 3,469 189,962 Comtech Telecommunications Corp. (a)... 1,807 55,186 Harmonic, Inc. (a)..................... 6,056 29,372 Hypercom Corp. (a)..................... 4,142 26,467 I.C., Inc. ............................ 5,632 167,496 Inter-Tel, Inc. ....................... 1,699 33,249
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- JDS Uniphase Corp. (a)................. 131,535 $ 310,423 Loral Space & Communications, Ltd. (a).................................. 1,000 28,250 Netgear, Inc. (a)...................... 2,657 51,147 Plantronics, Inc. ..................... 4,028 113,992 Polycom, Inc. (a)...................... 8,390 128,367 SafeNet, Inc. (a)...................... 2,018 65,020 SonicWALL, Inc. (a).................... 4,566 36,163 Sonus Networks, Inc. (a)............... 20,716 77,064 Tekelec (a)............................ 5,299 73,656 Utstarcom, Inc. (a).................... 8,391 67,631 West Corp. (a)......................... 2,231 94,037 Zhone Technologies, Inc. (a)........... 9,776 20,725 ----------- 1,715,182 ----------- COMPUTER SOFTWARE/SERVICES -- 9.9% 1-800-FLOWERS.COM, Inc. (Class A) (a).................................. 2,123 13,630 Advanced Digital Information Corp. (a).................................. 5,313 52,014 Agile Software Corp. (a)............... 4,142 24,769 Akamai Technologies, Inc. (a).......... 12,448 248,089 Altiris, Inc. (a)...................... 1,699 28,696 Ansys, Inc. (a)........................ 2,553 108,988 Anteon International Corp. (a)......... 2,706 147,071 Ariba, Inc. (a)........................ 5,526 40,616 Audible, Inc. (a)...................... 1,484 19,055 Blackbaud, Inc. ....................... 1,167 19,932 Blackboard, Inc. (a)................... 1,166 33,791 Blue Nile, Inc. (a).................... 1,332 53,693 CMGI, Inc. (a)......................... 38,142 57,976 CNET Networks, Inc. (a)................ 11,162 163,970 Concur Technologies, Inc. (a).......... 2,552 32,895 Covad Communications Group, Inc. (a)... 22,052 21,611 Digital Insight Corp. (a).............. 2,764 88,503 Digitas, Inc. (a)...................... 7,328 91,747 Dot Hill Systems Corp. (a)............. 3,614 25,045 EarthLink, Inc. (a).................... 10,835 120,377 Eclipsys Corp. (a)..................... 3,291 62,299 Emdeon Corp. (a)....................... 24,705 209,004 Epicor Software Corp. (a).............. 3,294 46,544 Equinix, Inc. (a)...................... 2,207 89,957 eResearch Technology, Inc. (a)......... 3,349 50,570 F5 Networks, Inc. (a).................. 3,176 181,635 Factset Research Systems, Inc. ........ 3,081 126,814 FTD Group, Inc. (a).................... 1,166 12,115 Hyperion Solutions Corp. (a)........... 4,948 177,237 i2 Technologies, Inc. (a).............. 959 13,531 IDX Systems Corp. (a).................. 1,789 78,573 IHS, Inc. (a).......................... 1,172 24,049 Informatica Corp. (a).................. 7,227 86,724 Infospace, Inc. (a).................... 2,423 62,562 InPhonic, Inc. (a)..................... 1,595 13,861 Internet Security Systems, Inc. (a).... 3,185 66,726 InterVoice, Inc. (a)................... 3,188 25,376 Interwoven, Inc. (a)................... 3,081 26,096 Ipass Inc. (a)......................... 4,035 26,470 iVillage, Inc. (a)..................... 4,571 36,659 JDA Software Group, Inc. (a)........... 2,443 41,555 Jupitermedia Corp. (a)................. 1,806 26,693 Kanbay International, Inc. (a)......... 1,913 30,398
See accompanying notes to financial statements. 111 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Komag, Inc. (a)........................ 2,407 $ 83,427 Lawson Software, Inc. (a).............. 4,993 36,699 Lexar Media, Inc. (a).................. 6,270 51,477 Lionbridge Technologies, Inc. (a)...... 3,610 25,342 Macrovision Corp. (a).................. 4,144 69,329 Manhattan Associates, Inc. (a)......... 2,446 50,094 Maxtor Corp. (a)....................... 20,720 143,797 Micromuse, Inc. (a).................... 6,690 66,164 MicroStrategy Inc. (a)................. 854 70,660 Netratings, Inc. (a)................... 853 10,517 NIC, Inc. (a).......................... 2,654 16,349 Nuance Communications, Inc. (a)........ 10,409 79,421 Nutri/System, Inc. (a)................. 2,230 80,325 Open Solutions, Inc. (a)............... 1,490 34,151 Openwave Systems, Inc. (a)............. 7,240 126,483 Opsware, Inc. (a)...................... 6,690 45,425 Overstock.com, Inc. (a)................ 1,061 29,867 Packeteer, Inc. (a).................... 2,784 21,632 Parametric Technology Corp. (a)........ 22,523 137,390 PDF Solutions, Inc. (a)................ 1,487 24,164 Per-Se Technologies, Inc. (a).......... 2,248 52,513 Priceline.com, Inc. (a)................ 2,019 45,064 Progress Software Corp. (a)............ 3,190 90,532 ProQuest Co. (a)....................... 1,910 53,308 Quality Systems, Inc. (a).............. 637 48,896 Quantum Corp. (a)...................... 15,191 46,333 Quest Software, Inc. (a)............... 4,354 63,525 RealNetworks, Inc. (a)................. 9,455 73,371 Red Hat, Inc. (a)...................... 13,857 377,465 Redback Networks, Inc. (a)............. 4,359 61,288 RSA Security, Inc. (a)................. 5,951 66,830 S1 Corp. (a)........................... 5,628 24,482 Salesforce.com, Inc. (a)............... 6,586 211,081 Sapient Corp. (a)...................... 6,696 38,100 SERENA Software, Inc. (a).............. 2,234 52,365 SRA International, Inc. (a)............ 2,960 90,398 SSA Global Technologies, Inc. (a)...... 744 13,533 Stamps.com, Inc. (a)................... 1,591 36,529 Sybase, Inc. (a)....................... 7,543 164,890 Syntel, Inc. .......................... 1,060 22,080 Take-Two Interactive Software, Inc. (a).................................. 5,855 103,633 Talx Corp. ............................ 1,596 72,953 The TriZetto Group, Inc. (a)........... 3,509 59,618 TIBCO Software, Inc. (a)............... 16,679 124,592 Transaction Systems Architects, Inc. (a).................................. 3,188 91,782 Travelzoo, Inc. (a).................... 214 4,708 Trident Microsystems, Inc. (a)......... 4,034 72,612 Tyler Technologies, Inc. (a)........... 2,977 26,138 Ulticom, Inc. (a)...................... 1,061 10,408 United Online, Inc. ................... 5,310 75,508 Valueclick, Inc. (a)................... 8,140 147,415 VeriFone Holdings, Inc. (a)............ 3,140 79,442 Verint Systems, Inc. (a)............... 1,061 36,573 Vignette Corp. (a)..................... 2,444 39,862 WebEx Communications, Inc. (a)......... 2,656 57,449 Wind River Systems, Inc. (a)........... 6,584 97,246 Witness Systems, Inc. (a).............. 2,233 43,923 ----------- 6,887,074 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMPUTERS (HARDWARE) -- 0.9% Brocade Communications Systems, Inc. (a).................................. 21,992 $ 89,507 Echelon Corp. (a)...................... 2,762 21,626 Intergraph Corp. (a)................... 2,407 119,893 Jack Henry & Associates, Inc. ......... 6,376 121,654 Kronos, Inc. (a)....................... 2,575 107,789 McDATA Corp. (Class A) (a)............. 13,065 49,647 Mercury Computer System, Inc. (a)...... 1,789 36,907 MTS Systems Corp. ..................... 1,698 58,819 Stratasys, Inc. (a).................... 851 21,284 ----------- 627,126 ----------- COMPUTERS (NETWORKING) -- 0.2% Foundry Networks, Inc. (a)............. 9,986 137,907 ----------- COMPUTERS (PERIPHERALS) -- 0.8% MICROS Systems, Inc. (a)............... 3,137 151,580 Synaptics, Inc. (a).................... 1,930 47,710 Western Digital Corp. (a).............. 17,912 333,342 ----------- 532,632 ----------- CONSUMER (JEWELRY/NOVELTIES) -- 0.1% Fossil, Inc. (a)....................... 4,058 87,288 ----------- CONSUMER FINANCE -- 0.2% CompuCredit Corp. (a).................. 2,671 102,780 WFS Financial, Inc. (a)................ 532 40,512 ----------- 143,292 ----------- CONTAINERS (METALS & GLASS) -- 0.1% Silgan Holdings, Inc. ................. 1,911 69,025 ----------- CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.0% (B) Graphic Packaging Corp. (a)............ 8,394 19,138 ----------- DISTRIBUTION/WHOLESALE -- 0.7% Aviall, Inc. (a)....................... 2,340 67,392 Beacon Roofing Supply, Inc. (a)........ 2,187 62,833 Brightpoint, Inc. (a).................. 2,125 58,926 Central European Distribution Corp. (a).................................. 1,060 42,548 LKQ Corp. (a).......................... 1,895 65,605 Scansource, Inc. (a)................... 1,061 58,016 Wesco International, Inc. (a).......... 3,932 168,014 ----------- 523,334 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 0.2% Performance Food Group Co. (a)......... 3,084 87,493 United Natural Foods, Inc. (a)......... 3,062 80,837 ----------- 168,330 ----------- ELECTRICAL EQUIPMENT -- 0.7% American Superconductor Corp. (a)...... 2,761 21,729 Avocent Corp. (a)...................... 4,120 112,023 Dolby Laboratories, Inc. (a)........... 2,759 47,041 Encore Wire Corp. (a).................. 1,382 31,454 Energy Conversion Devices, Inc. (a).... 2,361 96,211 Greatbatch, Inc. (a)................... 1,805 46,948 Intermagnetics General Corp. (a)....... 2,338 74,582 Medis Technologies, Ltd. (a)........... 1,169 17,196 Vicor Corp. ........................... 1,592 25,170 ----------- 472,354 -----------
See accompanying notes to financial statements. 112 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.6% Benchmark Electronics, Inc. (a)........ 3,227 $ 108,524 Daktronics, Inc. ...................... 1,380 40,807 Excel Technology, Inc. (a)............. 1,059 25,183 II-VI, Inc. (a)........................ 2,021 36,115 Rofin-Sinar Technologies, Inc. (a)..... 1,274 55,381 Rogers Corp. (a)....................... 1,383 54,186 Varian, Inc. (a)....................... 2,732 108,706 ----------- 428,902 ----------- ELECTRONICS (DEFENSE) -- 0.4% American Science & Engineering, Inc. (a).................................. 640 39,917 EDO Corp. ............................. 1,277 34,556 Engineered Support Systems, Inc. ...... 3,483 145,032 Taser International, Inc. (a).......... 5,121 35,744 ----------- 255,249 ----------- ELECTRONICS (INSTRUMENT) -- 1.4% Analogic Corp. ........................ 954 45,649 Cogent, Inc. (a)....................... 3,292 74,662 FARO Technologies, Inc. (a)............ 958 19,160 FEI Co. (a)............................ 2,122 40,679 FLIR Systems, Inc. (a)................. 5,707 127,437 Identix, Inc. (a)...................... 7,436 37,254 Itron, Inc. (a)........................ 1,915 76,677 Measurement Specialties, Inc. (a)...... 1,062 25,860 Mentor Graphics Corp. (a).............. 6,373 65,897 Metrologic Instruments, Inc. (a)....... 852 16,409 Molecular Devices Corp. (a)............ 1,486 42,990 National Instruments Corp. ............ 4,381 140,411 Sonic Solutions, Inc. (a).............. 2,016 30,462 Tivo, Inc. (a)......................... 6,165 31,565 Trimble Navigation, Ltd. (a)........... 4,505 159,882 TTM Technologies, Inc. (a)............. 3,084 28,990 ----------- 963,984 ----------- ELECTRONICS (SEMICONDUCTORS) -- 3.9% Advanced Analogic Technologies, Inc. (a).................................. 852 11,800 Agere Systems, Inc. (a)................ 15,191 195,964 Amkor Technology, Inc. (a)............. 7,651 42,846 Applied Micro Circuits Corp. (a)....... 26,133 67,162 Cree, Inc. (a)......................... 6,143 155,049 Diodes, Inc. (a)....................... 1,439 44,665 DSP Group, Inc. (a).................... 2,440 61,146 Fairchild Semiconductor International, Inc. (a)............................. 9,989 168,914 Intersil Corp. (Class A)............... 12,642 314,533 Kopin Corp. (a)........................ 5,846 31,276 MEMC Electronic Materials, Inc. (a).... 12,539 277,990 Microsemi Corp. (a).................... 4,959 137,166 OmniVision Technologies, Inc. (a)...... 4,759 94,990 ON Semiconductor Corp. (a)............. 8,604 47,580 Pixelworks, Inc. (a)................... 3,928 19,954 PMC-Sierra, Inc. (a)................... 15,299 117,955 PortalPlayer, Inc. (a)................. 1,061 30,048 Power Integrations, Inc. (a)........... 2,510 59,763 Rambus, Inc. (a)....................... 8,074 130,718 Semtech Corp. (a)...................... 6,267 114,435 Silicon Image, Inc. (a)................ 6,361 57,567 Silicon Laboratories, Inc. (a)......... 3,430 125,744 Silicon Storage Technology, Inc. (a)... 7,439 37,567
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Sirf Technology Holdings, Inc. (a)..... 2,975 $ 88,655 Skyworks Solutions, Inc. (a)........... 13,067 66,511 Ultratech, Inc. (a).................... 1,809 29,704 Varian Semiconductor Equipment Associates, Inc. (a)................. 3,019 132,625 Zoran Corp. (a)........................ 3,613 58,567 ----------- 2,720,894 ----------- ENERGY-ALTERNATE SOURCES -- 0.2% Evergreen Solar, Inc. (a).............. 4,247 45,231 FuelCell Energy, Inc. (a).............. 3,648 30,899 Plug Power, Inc. (a)................... 5,419 27,799 Syntroleum Corp. (a)................... 3,506 31,659 ----------- 135,588 ----------- ENGINEERING & CONSTRUCTION -- 0.1% Infrasource Services, Inc. (a)......... 1,167 15,264 Perini Corp. (a)....................... 1,567 37,843 ----------- 53,107 ----------- ENTERTAINMENT -- 0.4% DreamWorks Animation SKG, Inc. (Class A) (a)............................... 3,757 92,272 Shuffle Master, Inc. (a)............... 2,973 74,741 Speedway Motorsports, Inc. ............ 1,167 40,460 Warner Music Group Corp. .............. 3,826 73,727 ----------- 281,200 ----------- ENVIRONMENTAL CONTROL -- 1.1% Allied Waste Industries, Inc. (a)...... 17,850 156,009 Metal Management, Inc. ................ 2,000 46,520 Mine Safety Appliances Co. ............ 2,337 84,623 Stericycle, Inc. (a)................... 3,761 221,448 Tetra Tech, Inc. (a)................... 4,677 73,288 Tetra Technologies, Inc. (a)........... 2,868 87,531 Waste Connections, Inc. (a)............ 3,845 132,499 ----------- 801,918 ----------- EQUIPMENT (SEMICONDUCTORS) -- 0.9% Atmel Corp. (a)........................ 37,078 114,571 ATMI, Inc. (a)......................... 3,127 87,462 Cabot Microelectronics Corp. (a)....... 2,118 62,121 Cirrus Logic, Inc. (a)................. 6,478 43,273 Cymer, Inc. (a)........................ 3,082 109,442 Formfactor, Inc. (a)................... 2,446 59,756 Genesis Microchip, Inc. (a)............ 2,763 49,983 Hittite Microwave Corp. (a)............ 426 9,857 Mattson Technology, Inc. (a)........... 3,399 34,194 Micrel, Inc. (a)....................... 5,028 58,325 Sigmatel, Inc. (a)..................... 2,231 29,226 ----------- 658,210 ----------- FINANCIAL (DIVERSIFIED) -- 1.4% Accredited Home Lenders Holding Co. (a).................................. 1,577 78,188 Advanta Corp. (Class B)................ 1,800 58,392 Asset Acceptance Capital Corp. (a)..... 1,274 28,614 Collegiate Funding Services LLC (a).... 1,063 20,994 Commercial Capital Bancorp, Inc. ...... 4,158 71,185 Doral Financial Corp. ................. 7,859 83,305 Encore Capital Group, Inc. (a)......... 1,277 22,156 eSpeed, Inc. (a)....................... 2,445 18,851
See accompanying notes to financial statements. 113 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- First Marblehead Corp. ................ 2,760 $ 90,693 GFI Group, Inc. (a).................... 533 25,280 International Securities Exchange, Inc. (a).................................. 2,884 79,368 Nasdaq Stock Market, Inc. (a).......... 4,976 175,056 Portfolio Recovery Associates, Inc. (a).................................. 1,277 59,304 Walter Industries, Inc. ............... 3,233 160,745 ----------- 972,131 ----------- FOOD PRODUCTS -- 0.4% Flowers Foods, Inc. ................... 4,761 131,213 J&J Snack Foods Corp. ................. 533 31,665 Sanderson Farms, Inc. ................. 1,698 51,840 Seaboard Corp. ........................ 31 46,841 TreeHouse Foods, Inc. (a).............. 2,547 47,680 ----------- 309,239 ----------- FOOTWEAR -- 0.7% Deckers Outdoor Corp. (a).............. 851 23,505 K-Swiss, Inc. (Class A)................ 1,593 51,677 Kenneth Cole Productions, Inc. (Class A)................................... 847 21,598 Reebok International, Ltd. ............ 4,133 240,665 The Timberland Co. (Class A) (a)....... 4,666 151,878 ----------- 489,323 ----------- GAMING & LOTTERY -- 0.6% Alliance Gaming Corp. (a).............. 3,931 51,182 Kerzner International, Ltd. (a)........ 2,445 168,094 Multimedia Games, Inc. (a)............. 2,338 21,626 Scientific Games Corp. (ClassA) (a).... 5,449 148,649 ----------- 389,551 ----------- GOLD/PRECIOUS METALS MINING -- 0.5% Glamis Gold, Ltd. (a).................. 11,046 303,544 Royal Gold, Inc. ...................... 1,804 62,653 ----------- 366,197 ----------- HAND/MACHINE TOOLS -- 0.2% CLARCOR, Inc. ......................... 4,338 128,882 ----------- HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 2.1% Adams Respiratory Therapeutics, Inc. (a).................................. 745 30,292 Adolor Corp. (a)....................... 3,082 44,997 American Pharmaceutical Partners, Inc. (a).................................. 1,899 73,662 Cubist Pharmaceuticals, Inc. (a)....... 4,463 94,839 First Horizon Pharmaceutical Corp. (a).................................. 2,232 38,502 Herbalife, Ltd. (a).................... 2,336 75,967 Idenix Pharmaceuticals, Inc. (a)....... 1,699 29,070 Kos Pharmaceuticals, Inc. (a).......... 1,771 91,614 Mannatech, Inc. ....................... 1,274 17,594 Medarex, Inc. (a)...................... 9,246 128,057 Medicis Pharmaceutical Corp. (Class A)................................... 4,493 144,001 New River Pharmaceuticals, Inc. (a).... 531 27,548 OSI Pharmaceuticals, Inc. (a).......... 4,668 130,891 Par Pharmaceutical Cos., Inc. (a)...... 2,822 88,441 Pharmion Corp. (a)..................... 1,596 28,361 Rigel Pharmaceuticals, Inc. (a)........ 2,016 16,854 Salix Pharmaceuticals, Ltd. (a)........ 3,719 65,380 United Therapeutics Corp. (a).......... 1,842 127,319 USANA Health Sciences, Inc. (a)........ 953 36,557
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Valeant Pharmaceuticals International........................ 7,651 $ 138,330 Zymogenetics, Inc. (a)................. 2,657 45,195 ----------- 1,473,471 ----------- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 6.8% Align Technology, Inc. (a)............. 2,658 17,197 Alkermes, Inc. (a)..................... 7,542 144,203 American Medical Systems Holdings, Inc. (a).................................. 5,373 95,801 Amylin Pharmaceuticals, Inc. (a)....... 8,394 335,088 Animas Corp. (a)....................... 1,169 28,231 Arrow International, Inc. ............. 1,809 52,443 Arthrocare Corp. (a)................... 2,062 86,893 Aspect Medical Systems, Inc. (a)....... 1,275 43,796 Bio-Rad Laboratories, Inc. (Class A) (a).................................. 1,522 99,600 Cepheid, Inc. (a)...................... 3,509 30,809 Cyberonics, Inc. (a)................... 1,781 57,526 Diagnostic Products Corp. ............. 1,901 92,294 Edwards Lifesciences Corp. (a)......... 4,983 207,343 ev3, Inc. (a).......................... 958 14,121 Foxhollow Technologies, Inc. (a)....... 1,063 31,667 Gen-Probe, Inc. (a).................... 4,146 202,283 HealthTronics, Inc. (a)................ 2,763 21,137 Hologic, Inc. (a)...................... 3,614 137,043 ICU Medical, Inc. (a).................. 1,062 41,641 IDEXX Laboratories, Inc. (a)........... 2,772 199,529 Immucor, Inc. (a)...................... 3,765 87,950 INAMED Corp. (a)....................... 3,004 263,391 Intuitive Surgical, Inc. (a)........... 2,924 342,897 Inverness Medical Innovations, Inc. (a).................................. 1,702 40,354 Kensey Nash Corp. (a).................. 957 21,083 Kyphon, Inc. (a)....................... 3,079 125,716 Laserscope (a)......................... 1,592 35,756 LCA-Vision, Inc. ...................... 1,382 65,659 Lifeline Systems, Inc. (a)............. 1,061 38,790 Mentor Corp. .......................... 3,099 142,802 Merit Medical Systems, Inc. (a)........ 2,230 27,072 MGI Pharma, Inc. (a)................... 5,935 101,845 Noven Pharmaceuticals, Inc. (a)........ 1,915 28,974 OraSure Technologies, Inc. (a)......... 3,504 30,905 Palomar Medical Technologies, Inc. (a).................................. 1,276 44,711 ResMed, Inc. (a)....................... 5,736 219,746 Respironics, Inc. (a).................. 5,966 221,160 Rotech Healthcare, Inc. (a)............ 1,381 23,146 Sierra Health Services, Inc. (a)....... 2,158 172,554 SonoSite, Inc. (a)..................... 1,061 37,146 SurModics, Inc. (a).................... 1,275 47,162 Sybron Dental Specialties, Inc. (a).... 3,242 129,064 Symmetry Medical, Inc. (a)............. 1,914 37,112 The Medicines Co. (a).................. 3,800 66,310 Thoratec Corp. (a)..................... 3,507 72,560 TriPath Imaging, Inc. (a).............. 2,335 14,103 Ventana Medical Systems, Inc. (a)...... 2,690 113,921 Viasys Healthcare, Inc. (a)............ 2,232 57,362 Vital Signs, Inc. ..................... 530 22,695 WellCare Health Plans, Inc. (a)........ 2,445 99,878 Wright Medical Group, Inc. (a)......... 2,229 45,472 ----------- 4,715,941 -----------
See accompanying notes to financial statements. 114 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- HEALTH CARE (SPECIAL SERVICES) -- 4.1% Alliance Imaging, Inc. (a)............. 1,063 $ 6,325 Allscripts Healthcare Solutions, Inc. (a).................................. 2,441 32,709 Amedisys, Inc. (a)..................... 1,168 49,336 American Healthways, Inc. (a).......... 2,706 122,446 American Retirement Corp. (a).......... 2,549 64,056 AMERIGROUP Corp. (a)................... 4,184 81,421 Amsurg Corp. (a)....................... 2,445 55,893 Andrx Corp. (a)........................ 6,159 101,439 Apria Healthcare Group, Inc. (a)....... 4,146 99,960 Atherogenics, Inc. (a)................. 2,973 59,490 Beverly Enterprises, Inc. (a).......... 8,393 97,946 BioMarin Pharmaceuticals, Inc. (a)..... 6,161 66,416 Brookdale Senior Living, Inc. ......... 900 26,829 Centene Corp. (a)...................... 3,500 92,015 Cerner Corp. (a)....................... 2,414 219,457 Connetics Corp. (a).................... 2,975 42,989 Conor Medsystems, Inc. (a)............. 2,229 43,131 Cypress Bioscience, Inc. (a)........... 2,338 13,514 Dendreon Corp. (a)..................... 4,566 24,748 Dendrite International, Inc. (a)....... 3,188 45,939 Discovery Laboratories, Inc. (a)....... 4,464 29,819 Gentiva Health Services, Inc. (a)...... 2,021 29,790 HealthExtras, Inc. (a)................. 1,911 47,966 I-Flow Corp. (a)....................... 1,806 26,404 Inspire Pharmaceuticals, Inc. (a)...... 3,190 16,205 InterMune, Inc. (a).................... 2,138 35,918 Isis Pharmaceuticals, Inc. (a)......... 4,355 22,820 LifePoint Hospitals, Inc. (a).......... 4,250 159,375 MannKind Corp. (a)..................... 2,607 29,355 Matria Healthcare, Inc. (a)............ 1,701 65,931 Molina Healthcare, Inc. (a)............ 956 25,468 National Healthcare Corp. ............. 543 20,297 NitroMed, Inc. (a)..................... 1,488 20,758 Odyssey Healthcare, Inc. (a)........... 2,870 53,497 Option Care, Inc. ..................... 1,703 22,752 Pediatrix Medical Group, Inc. (a)...... 1,906 168,814 Psychiatric Solutions, Inc. (a)........ 2,018 118,537 Renal Care Group, Inc. (a)............. 5,631 266,403 Sunrise Assisted Living, Inc. (a)...... 2,973 100,220 Symbion, Inc. (a)...................... 1,381 31,763 Tanox, Inc. (a)........................ 2,019 33,051 Theravance, Inc. (a)................... 3,401 76,590 United Surgical Partners (a)........... 3,631 116,737 ----------- 2,864,529 ----------- HOMEBUILDING -- 0.7% Brookfield Homes Corp. ................ 1,062 52,813 Levitt Corp. (Class A)................. 1,382 31,427 Meritage Homes Corp. (a)............... 1,882 118,415 Technical Olympic USA, Inc. ........... 1,272 26,827 Thor Industries, Inc. ................. 3,292 131,910 William Lyon Homes, Inc. (a)........... 212 21,391 Winnebago Industries, Inc. ............ 2,782 92,585 ----------- 475,368 ----------- HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.1% Tempur-Pedic International, Inc. (a)... 3,823 43,964 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.5% Church & Dwight Co., Inc. ............. 5,321 $ 175,753 Helen of Troy, Ltd. (a)................ 1,804 29,062 Jarden Corp. (a)....................... 2,609 78,661 Prestige Brands Holdings, Inc. (a)..... 2,973 37,163 ----------- 320,639 ----------- INDUSTRIAL GOODS & SERVICES -- 0.2% MSC Industrial Direct Co., Inc. (Class A)................................... 3,832 154,123 ----------- INSURANCE BROKERS -- 0.2% Hilb Rogal and Hobbs Co. .............. 2,693 103,708 USI Holdings Corp. (a)................. 3,186 43,871 ----------- 147,579 ----------- INSURANCE (LIFE/HEALTH) -- 0.3% American Equity Investment Life Holding Co................................... 3,760 49,068 Scottish Re Group, Ltd. ............... 3,690 90,589 Universal American Financial Corp. (a).................................. 3,185 48,030 ----------- 187,687 ----------- INSURANCE (MULTI-LINE) -- 0.4% HCC Insurance Holdings, Inc. .......... 9,104 270,207 ----------- INSURANCE (PROPERTY/CASUALTY) -- 0.5% Arch Capital Group, Ltd. (a)........... 2,555 139,886 First Acceptance Corp. (a)............. 2,125 21,866 Navigators Group, Inc. (a)............. 957 41,735 Philadelphia Consolidated Holding Corp. (a).................................. 1,564 151,223 ----------- 354,710 ----------- INVESTMENT BANKING/BROKERAGE -- 0.3% Greenhill & Co., Inc. ................. 745 41,839 GSI Commerce, Inc. (a)................. 1,485 22,409 j2 Global Communications, Inc. (a)..... 1,915 81,847 optionsXpress Holdings, Inc. .......... 2,233 54,820 ----------- 200,915 ----------- INVESTMENT MANAGEMENT -- 0.6% Affiliated Managers Group, Inc. (a).... 2,778 222,934 Calamos Asset Management, Inc. (Class B)................................... 1,913 60,164 National Financial Partners Corp. ..... 2,761 145,091 ----------- 428,189 ----------- LEISURE TIME (PRODUCTS) -- 0.9% Life Time Fitness, Inc. (a)............ 1,489 56,716 Leapfrog Enterprises, Inc. (a)......... 2,232 26,003 MarineMax, Inc. (a).................... 1,277 40,315 Marine Products Corp. ................. 1,275 13,375 Marvel Entertainment, Inc. (a)......... 6,162 100,933 RC2 Corp. (a).......................... 1,700 60,384 SCP Pool Corp. ........................ 4,411 164,177 West Marine, Inc. (a).................. 1,168 16,329 WMS Industries, Inc. (a)............... 2,300 57,707 ----------- 660,342 ----------- LODGING (HOTELS) -- 0.2% Ameristar Casinos, Inc. ............... 1,914 43,448 Choice Hotels International, Inc. ..... 2,979 124,403 ----------- 167,851 ----------- MACHINERY (DIVERSIFIED) -- 0.8% Bucyrus International, Inc. (Class A)................................... 1,699 89,537 Cognex Corp. .......................... 3,313 99,688
See accompanying notes to financial statements. 115 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Flowserve Corp. (a).................... 4,673 $ 184,864 Franklin Electric Co., Inc. ........... 1,278 50,532 Input/Output, Inc. (a)................. 5,632 39,593 Middleby Corp. (a)..................... 530 45,845 PAREXEL International Corp. (a)........ 2,229 45,160 Presstek, Inc. (a)..................... 2,336 21,117 ----------- 576,336 ----------- MANUFACTURING (DIVERSIFIED) -- 1.1% Acuity Brands, Inc. ................... 3,610 114,798 Ceradyne, Inc. (a)..................... 1,912 83,746 ESCO Technologies, Inc. (a)............ 2,147 95,520 Griffon Corp. (a)...................... 2,231 53,120 Hexcel Corp. (a)....................... 5,524 99,708 Matthews International Corp. (Class A)................................... 2,651 96,523 Photon Dynamics, Inc. (a).............. 1,448 26,470 Raven Industries, Inc. ................ 1,384 39,928 The Toro Co. .......................... 3,655 159,979 ----------- 769,792 ----------- MANUFACTURING (SPECIALIZED) -- 0.2% Dionex Corp. (a)....................... 1,644 80,688 Oakley, Inc. .......................... 2,229 32,744 ----------- 113,432 ----------- METAL FABRICATORS -- 0.0% (B) Earle M. Jorgensen Co. (a)............. 2,124 19,605 ----------- METALS MINING -- 0.3% Actuant Corp. (Class A)................ 2,177 121,477 Coeur d' Alene Mines Corp. (a)......... 19,975 79,900 Hecla Mining Co. (a)................... 9,883 40,125 ----------- 241,502 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 1.0% Crosstex Energy LP..................... 1,057 36,023 Enbridge Energy Management LLC (a)..... 760 34,449 Energen Corp. ......................... 5,522 200,559 Kinder Morgan Management LLC (a)....... 3,614 164,292 Western Gas Resources, Inc. ........... 5,354 252,120 ----------- 687,443 ----------- OFFICE EQUIPMENT & SUPPLIES -- 0.2% ACCO Brands Corp. (a).................. 3,610 88,445 John H. Harland Co. ................... 2,337 87,871 ----------- 176,316 ----------- OFFICE FURNISHINGS -- 0.4% HNI Corp. ............................. 3,667 201,429 Knoll, Inc. ........................... 1,702 29,121 Steelcase, Inc. (Class A).............. 4,570 72,343 ----------- 302,893 ----------- OIL & GAS (DRILLING & EQUIPMENT) -- 3.2% Atlas America, Inc. (a)................ 1,062 63,954 Atwood Oceanics, Inc. (a).............. 1,077 84,038 Basic Energy Services, Inc. (a)........ 1,000 19,950 CARBO Ceramics, Inc. .................. 1,595 90,149 Dresser-Rand Group, Inc. (a)........... 2,233 53,994 Dril-Quip, Inc. (a).................... 837 39,506 FMC Technologies, Inc. (a)............. 5,719 245,460
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Global Industries, Inc. (a)............ 6,479 $ 73,537 Grey Wolf, Inc. (a).................... 16,041 123,997 Helmerich & Payne, Inc. ............... 3,818 236,372 Hercules Offshore, Inc. (a)............ 852 24,205 Hornbeck Offshore Services, Inc. (a)... 1,699 55,557 Hydril (a)............................. 1,596 99,910 Lufkin Industries, Inc. ............... 1,169 58,298 Maverick Tube Corp. (a)................ 3,616 144,134 Oceaneering International, Inc. (a).... 2,122 105,633 Offshore Logistics, Inc. (a)........... 1,807 52,764 Oil States International, Inc. (a)..... 2,548 80,721 Parker Drilling Co. (a)................ 7,966 86,272 Pioneer Drilling Co. (a)............... 3,188 57,161 Superior Energy Services, Inc. (a)..... 6,270 131,984 Superior Well Services, Inc. (a)....... 532 12,640 Todco (Class A) (a).................... 5,108 194,410 W-H Energy Services, Inc. (a).......... 2,338 77,341 ----------- 2,211,987 ----------- OIL & GAS (EXPLORATION/PRODUCTS) -- 4.5% ATP Oil & Gas Corp. (a)................ 1,592 58,920 Berry Petroleum Co. (Class A).......... 1,591 91,005 Bill Barrett Corp. (a)................. 2,337 90,232 Bois d'Arc Energy, Inc. (a)............ 1,691 26,819 Brigham Exploration Co. (a)............ 2,591 30,729 Cabot Oil & Gas Corp. ................. 4,096 184,730 Cal Dive International, Inc. (a)....... 5,836 209,454 Cheniere Energy, Inc. (a).............. 4,295 159,860 Cimarex Energy Co. (a)................. 6,801 292,511 Comstock Resources, Inc. (a)........... 3,401 103,764 Delta Petroleum Corp. (a).............. 3,251 70,774 Denbury Resources, Inc. (a)............ 9,145 208,323 Encore Aquisition Co. (a).............. 3,902 125,020 Energy Partners, Ltd. (a).............. 2,871 62,559 Enterprise GP Holdings LP.............. 851 32,100 FX Energy, Inc. (a).................... 2,868 22,887 Gasco Energy, Inc. (a)................. 6,800 44,404 KCS Energy, Inc. (a)................... 4,141 100,295 Newpark Resources, Inc. (a)............ 7,014 53,517 Penn Virginia Corp. ................... 1,381 79,269 Petroleum Development Corp. (a)........ 1,380 46,009 Quicksilver Resources, Inc. (a)........ 4,464 187,533 Range Resources Corp. ................. 10,566 278,308 Remington Oil & Gas Corp. (a).......... 1,808 65,992 St. Mary Land & Exploration Co. ....... 4,840 178,160 Swift Energy Co. (a)................... 2,338 105,374 Unit Corp. (a)......................... 3,236 178,077 W&T Offshore, Inc. .................... 1,489 43,777 ----------- 3,130,402 ----------- OIL & GAS (REFINING & MARKETING) -- 0.6% Alon USA Energy, Inc. (a).............. 850 16,703 Crosstex Energy, Inc. ................. 639 40,295 Frontier Oil Corp. .................... 4,570 171,512 Giant Industries, Inc. (a)............. 1,061 55,130 Holly Corp. ........................... 2,021 118,976 ----------- 402,616 -----------
See accompanying notes to financial statements. 116 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- OIL (INTEGRATED) -- 0.3% BP Prudhoe Bay Royalty Trust........... 1,806 $ 120,280 World Fuel Services Corp. ............. 2,232 75,263 ----------- 195,543 ----------- PERSONAL CARE -- 0.3% Chattem, Inc. (a)...................... 1,277 46,470 Elizabeth Arden, Inc. (a).............. 2,019 40,501 NBTY, Inc. (a)......................... 5,057 82,177 Revlon, Inc. (Class A) (a)............. 12,432 38,539 ----------- 207,687 ----------- POWER PRODUCERS (INDEPENDENT) -- 0.2% Headwaters, Inc. (a)................... 3,490 123,686 Ormat Technologies, Inc. .............. 532 13,906 ----------- 137,592 ----------- PUBLISHING -- 0.4% Courier Corp. ......................... 954 32,760 John Wiley & Sons, Inc. (Class A)...... 3,727 145,502 Reader's Digest Association, Inc. ..... 8,126 123,678 ----------- 301,940 ----------- PUBLISHING (NEWSPAPERS) -- 0.2% Dow Jones & Co., Inc. ................. 3,823 135,678 ----------- REAL ESTATE INVESTMENT TRUST -- 1.1% Alexander's, Inc. (a).................. 210 51,555 American Real Estate Partners LP....... 1,064 41,017 CapitalSource, Inc. (a)................ 8,636 193,446 CB Richard Ellis Group, Inc. (Class A) (a).................................. 5,057 297,604 Global Signal, Inc. ................... 1,703 73,502 Jones Lang LaSalle, Inc. .............. 2,425 122,099 ----------- 779,223 ----------- REINSURANCE -- 0.7% Axis Capital Holdings, Ltd. ........... 10,200 319,056 Odyssey Re Holdings Corp. ............. 1,463 36,692 Platinum Underwriters Holdings, Ltd. ................................ 4,124 128,133 ----------- 483,881 ----------- RESTAURANTS -- 2.5% Applebees International, Inc. ......... 6,798 153,567 BJ's Restaurants, Inc. (a)............. 1,169 26,723 California Pizza Kitchen, Inc. (a)..... 1,595 50,992 CBRL Group, Inc. ...................... 3,871 136,066 CEC Entertainment, Inc. (a)............ 3,029 103,107 Krispy Kreme Doughnuts, Inc. (a)....... 4,884 28,034 Jack in the Box, Inc. (a).............. 3,086 107,794 O'Charleys, Inc. (a)................... 1,805 27,996 P F Chang's China Bistro, Inc. (a)..... 2,030 100,749 Panera Bread Co. (Class A) (a)......... 2,434 159,865 Papa John's International, Inc. (a).... 971 57,590 Rare Hospitality International, Inc. (a).................................. 2,867 87,128 Red Robin Gourmet Burgers, Inc. (a).... 1,062 54,120 Ruby Tuesday, Inc. .................... 5,302 137,269 Ruth's Chris Steak House, Inc. (a)..... 1,064 19,258 Sonic Corp. (a)........................ 4,963 146,408 Texas Roadhouse, Inc. (Class A) (a).... 3,934 61,174
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- The Cheesecake Factory, Inc. (a)....... 6,521 $ 243,820 The Steak n Shake Co. (a).............. 2,336 39,595 ----------- 1,741,255 ----------- RETAIL (DEPARTMENT STORES) -- 0.5% Aeropostale, Inc. (a).................. 4,721 124,162 Cost Plus, Inc. (a).................... 1,785 30,613 Stein Mart, Inc. ...................... 2,273 41,255 Tractor Supply Co. (a)................. 2,947 156,014 ----------- 352,044 ----------- RETAIL (DISCOUNTERS) -- 0.5% 99 Cents Only Stores (a)............... 4,141 43,315 BJ'S Wholesale Club, Inc. (a).......... 5,844 172,748 Fred's, Inc. (Class A)................. 3,081 50,128 Tuesday Morning Corp. ................. 2,504 52,384 ----------- 318,575 ----------- RETAIL (SPECIALTY APPAREL) -- 1.8% AnnTaylor Stores Corp. (a)............. 6,108 210,848 Bebe Stores, Inc. ..................... 1,912 26,825 Christopher & Banks Corp. ............. 3,080 57,843 Claire's Stores, Inc. ................. 7,304 213,423 DSW, Inc. (Class A) (a)................ 1,273 33,378 Genesco, Inc. (a)...................... 1,809 70,171 Hot Topic, Inc. (a).................... 3,824 54,492 Jos. A. Bank Clothiers, Inc. (a)....... 1,166 50,616 Mens Wearhouse, Inc. (a)............... 4,153 122,264 New York & Co., Inc. (a)............... 1,170 24,804 Pacific Sunwear of California, Inc. (a).................................. 6,399 159,463 Talbots, Inc. ......................... 1,816 50,521 The Children's Place Retail Stores, Inc. (a)............................. 1,449 71,610 Too, Inc. (a).......................... 2,871 80,991 Under Armour, Inc. (Class A) (a)....... 900 34,479 ----------- 1,261,728 ----------- RETAIL (SPECIALTY) -- 2.5% AC Moore Arts & Crafts, Inc. (a)....... 1,166 16,965 Big 5 Sporting Goods Corp. ............ 1,912 41,854 Build-A-Bear Workshop, Inc. (a)........ 852 25,253 Cabela's Inc. (a)...................... 3,615 60,009 Coldwater Creek, Inc. (a).............. 3,079 94,002 Conn's, Inc. (a)....................... 741 27,321 Copart, Inc. (a)....................... 5,608 129,321 Dicks Sporting Goods, Inc. (a)......... 2,701 89,781 First Cash Financial Services, Inc. (a).................................. 1,166 34,001 GameStop Corp. (Class A) (a)........... 4,699 149,522 Guitar Center, Inc. (a)................ 2,101 105,071 Hibbett Sporting Goods, Inc. (a)....... 2,851 81,196 Insight Enterprises, Inc. (a).......... 4,039 79,205 J Jill Group, Inc. (a)................. 1,597 30,391 Linen 'n Things, Inc. (a).............. 3,823 101,692 Movie Gallery, Inc. ................... 2,231 12,516 Nautilus Group, Inc. .................. 2,552 47,620 Pantry, Inc. (a)....................... 1,807 84,911 PETCO Animal Supplies, Inc. (a)........ 3,504 76,913 Select Comfort Corp. (a)............... 2,881 78,795 Sotheby's Holding, Inc. (a)............ 3,827 70,264 The Finish Line, Inc. (Class A)........ 3,397 59,176 The Sports Authority, Inc. (a)......... 1,910 59,458 The Yankee Candle, Inc. ............... 3,779 96,742
See accompanying notes to financial statements. 117 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- United Auto Group, Inc. ............... 1,699 $ 64,902 Zumiez, Inc. (a)....................... 428 18,498 ----------- 1,735,379 ----------- SAVINGS & LOAN COMPANIES -- 0.2% Franklin Bank Corp. (a)................ 1,915 34,451 KNBT Bancorp, Inc. .................... 2,468 40,204 NetBank, Inc. ......................... 3,931 28,225 Sterling Financial Corp. .............. 2,871 71,717 ----------- 174,597 ----------- SEMICONDUCTORS -- 0.2% AMIS Holdings, Inc. (a)................ 2,764 29,437 Tessera Technologies, Inc. (a)......... 3,717 96,084 ----------- 125,521 ----------- SERVICES (ADVERTISING/MARKETING) -- 0.8% ADVO, Inc. ............................ 2,582 72,761 aQuantive, Inc. (a).................... 4,571 115,372 Harte-Hanks, Inc. ..................... 4,251 112,184 Marchex, Inc. (Class B) (a)............ 1,701 38,255 R.H. Donnelley Corp. (a)............... 2,600 160,212 ValueVision Media, Inc. (Class A) (a).................................. 2,127 26,800 Ventiv Health, Inc. (a)................ 2,232 52,720 ----------- 578,304 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 6.9% Aaron Rents, Inc. (Class B)............ 3,504 73,864 ACE Cash Express, Inc. (a)............. 851 19,871 Administaff, Inc. ..................... 1,808 76,026 Advance America Cash Advance Centers, Inc. ................................ 5,312 65,869 Advisory Board Co. (a)................. 1,487 70,885 Alderwoods Group, Inc. (a)............. 3,397 53,910 Alliance Data Systems Corp. (a)........ 5,723 203,739 AMN Healthcare Services, Inc. (a)...... 2,442 48,303 Arbitron, Inc. ........................ 2,562 97,305 Bright Horizons Family Solutions, Inc. (a).................................. 2,232 82,696 Coinstar, Inc. (a)..................... 1,915 43,719 Convergys Corp. (a).................... 11,898 188,583 Corinthian Colleges, Inc. (a).......... 7,546 88,892 Corrections Corp. of America (a)....... 3,243 145,838 CoStar Group, Inc. (a)................. 1,382 59,661 CRA International, Inc. (a)............ 955 45,544 Cross Country Healthcare, Inc. (a)..... 2,124 37,765 DeVry, Inc. (a)........................ 5,102 102,040 DiamondCluster International Inc. (a).................................. 2,441 19,382 Educate, Inc. (a)...................... 1,699 20,048 Education Management Corp. (a)......... 5,724 191,811 Euronet Worldwide, Inc. (a)............ 2,549 70,862 FTI Consulting, Inc. (a)............... 3,603 98,866 G & K Services, Inc. (Class A)......... 1,564 61,387 Global Cash Access, Inc. (a)........... 1,379 20,120 Healthcare Services Group, Inc. ....... 2,018 41,793 Heartland Payment Systems, Inc. (a).... 533 11,545 Interactive Data Corp. (a)............. 2,975 67,562 iPayment, Inc. (a)..................... 1,065 44,219 ITT Educational Services, Inc. (a)..... 3,845 227,278 Laureate Education, Inc. (a)........... 3,746 196,702 LECG Corp. (a)......................... 1,593 27,686 MAXIMUS, Inc. ......................... 1,593 58,447 Morningstar, Inc. (a).................. 849 29,409
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Navigant Consulting, Inc. (a).......... 4,046 $ 88,931 Netflix, Inc. (a)...................... 2,247 60,804 Pharmaceutical Product Development, Inc. ................................ 4,147 256,907 PHH Corp. (a).......................... 4,434 124,241 PRA International (a).................. 1,595 44,899 Pre-Paid Legal Services, Inc. ......... 1,171 44,744 Regis Corp. ........................... 3,741 144,290 Rent-A-Center, Inc. (a)................ 6,269 118,233 Rollins, Inc. ......................... 2,972 58,578 SFBC International, Inc. (a)........... 1,490 23,855 Spectrum Brands, Inc. (a).............. 2,958 60,077 Steiner Leisure, Ltd. (a).............. 1,594 56,683 Strayer Education, Inc. ............... 1,179 110,472 TeleTech Holdings, Inc. (a)............ 3,190 38,439 The Corporate Executive Board Co. ..... 3,404 305,339 TNS, Inc. (a).......................... 1,914 36,711 Universal Technical Institute, Inc. (a).................................. 1,701 52,629 Valassis Communications, Inc. (a)...... 4,355 126,600 VCA Antech, Inc. (a)................... 6,864 193,565 Websense, Inc. (a)..................... 1,901 124,782 Wright Express Corp. (a)............... 3,398 74,756 ----------- 4,837,162 ----------- SERVICES (COMPUTER SYSTEMS) -- 0.5% CACI International, Inc. (Class A) (a).................................. 2,429 139,376 CIBER, Inc. (a)........................ 4,674 30,848 Digital River, Inc. (a)................ 2,910 86,544 eFunds Corp. (a)....................... 3,823 89,611 ----------- 346,379 ----------- SERVICES (DATA PROCESSING) -- 1.9% Acxiom Corp. .......................... 6,124 140,852 CCC Information Services Group, Inc. (a).................................. 954 25,014 Certegy, Inc. ......................... 5,208 211,236 Fair Isaac Corp. ...................... 5,632 248,765 FalconStor Software, Inc. (a).......... 2,126 15,711 FileNET Corp. (a)...................... 3,294 85,150 Global Payments, Inc. ................. 6,375 297,139 MoneyGram International, Inc. ......... 7,037 183,525 The BISYS Group, Inc. (a).............. 10,092 141,389 ----------- 1,348,781 ----------- SERVICES (EMPLOYMENT) -- 0.7% First Advantage Corp. (Class A) (a).... 500 13,355 Hewitt Associates, Inc. (Class A) (a).................................. 4,305 120,583 Hudson Highland Group, Inc. (a)........ 2,012 34,928 Kforce, Inc. (a)....................... 2,976 33,212 Korn/Ferry International (a)........... 3,292 61,528 Labor Ready, Inc. (a).................. 4,307 89,672 Resources Connection, Inc. (a)......... 4,019 104,735 Spherion Corp. (a)..................... 5,100 51,051 ----------- 509,064 ----------- SHIPPING -- 0.8% Eagle Bulk Shipping, Inc. ............. 1,798 28,624 Genco Shipping & Trading, Ltd. ........ 958 16,708 Genesee & Wyoming, Inc. (Class A) (a).................................. 2,126 79,831 Gulfmark Offshore, Inc. (a)............ 1,699 50,324 HUB Group, Inc. (Class A) (a).......... 1,699 60,060 Kirby Corp. (a)........................ 1,699 88,637 OMI Corp. ............................. 6,115 110,987
See accompanying notes to financial statements. 118 STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Pacer International, Inc. ............. 3,084 $ 80,369 TAL International Group, Inc. (a)...... 957 19,762 ----------- 535,302 ----------- SPECIALTY PRINTING -- 0.0% (B) VistaPrint, Ltd. (a)................... 849 19,318 ----------- STEEL -- 0.3% The Shaw Group, Inc. (a)............... 6,483 188,590 ----------- STORAGE/WAREHOUSING -- 0.1% Mobile Mini, Inc. (a).................. 1,272 60,293 ----------- TELECOMMUNICATIONS -- 0.2% Global Crossing, Ltd. (a).............. 1,276 20,454 Ixia (a)............................... 2,972 43,926 Symmetricom, Inc. (a).................. 3,718 31,492 Wireless Facilities, Inc. (a).......... 3,933 20,058 ----------- 115,930 ----------- TELEPHONE -- 0.7% Broadwing Corp. (a).................... 5,314 32,150 Cincinnati Bell, Inc. (a).............. 20,610 72,341 Consolidated Communications Holdings, Inc.................................. 1,489 19,342 General Communication, Inc. (Class A) (a).................................. 3,717 38,396 Level 3 Communications, Inc. (a)....... 52,059 149,409 NeuStar, Inc. (Class A) (a)............ 2,136 65,127 Premiere Global Services, Inc. (a)..... 5,421 44,073 Time Warner Telecom, Inc. (Class A) (a).................................. 4,145 40,828 ----------- 461,666 ----------- TEXTILES (APPAREL) -- 0.7% Carter's, Inc. (a)..................... 1,489 87,628 Columbia Sportswear Co. (a)............ 1,174 56,035 Guess ?, Inc. (a)...................... 1,276 45,426 Gymboree Corp. (a)..................... 2,552 59,717 Maidenform Brands, Inc. (a)............ 1,063 13,457 Quiksilver, Inc. (a)................... 9,940 137,569 Volcom, Inc. (a)....................... 427 14,522 Warnaco Group, Inc. (a)................ 3,615 96,593 ----------- 510,947 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TRANSPORTATION -- 0.3% Florida East Coast Industries, Inc. ... 1,489 $ 63,089 RailAmerica, Inc. (a).................. 3,081 33,860 UTI Worldwide, Inc. ................... 1,592 147,801 ----------- 244,750 ----------- TRUCKING -- 0.9% Forward Air Corp. ..................... 2,659 97,452 Heartland Express, Inc. ............... 3,826 77,629 Knight Transportation, Inc. ........... 4,623 95,835 Landstar Systems, Inc. ................ 4,803 200,477 Old Dominion Freight Line, Inc. (a).... 2,393 64,550 Swift Transportation Co., Inc. (a)..... 4,039 81,992 ----------- 617,935 ----------- TRUCKS & PARTS -- 0.5% ASV, Inc. (a).......................... 1,700 42,466 Interpool, Inc. ....................... 1,060 20,013 Oshkosh Truck Corp. ................... 6,008 267,897 ----------- 330,376 ----------- TOTAL COMMON STOCKS -- (Cost $61,836,923)................... 69,499,933 ----------- SHORT TERM INVESTMENTS -- 0.0% (B) MONEY MARKET FUND -- 0.0% (B) AIM Short Term Investment Class Prime Fund (Cost $12,716).................. 12,716 12,716 ----------- TOTAL INVESTMENTS -- 99.7% (Cost $61,849,639)......................... 69,512,649 OTHER ASSETS AND LIABILITIES -- 0.3% 202,497 ----------- NET ASSETS -- 100.0%................... $69,715,146 =========== (a) Non-income producing security (b) Amount shown represents less than 0.005% of net assets.
See accompanying notes to financial statements. 119 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.5% AEROSPACE/DEFENSE -- 0.7% DRS Technologies, Inc. ................ 3,100 $ 159,402 Esterline Technologies Corp. (a)....... 2,900 107,851 GenCorp, Inc. (a)...................... 5,000 88,750 Heico Corp. ........................... 2,300 47,196 Kaman Corp. (Class A).................. 2,252 44,342 Sequa Corp. (a)........................ 700 48,335 Teledyne Technologies, Inc. (a)........ 3,500 101,850 Triumph Group, Inc. (a)................ 1,800 65,898 ----------- 663,624 ----------- AGRICULTURE -- 0.1% Alico, Inc. ........................... 400 18,076 Tejon Ranch Co. (a).................... 1,000 39,920 ----------- 57,996 ----------- AIRLINES -- 0.6% Alaska Air Group, Inc. (a)............. 3,459 123,555 AMR Corp. (a).......................... 18,300 406,809 Frontier Airlines, Inc. (a)............ 4,100 37,884 ----------- 568,248 ----------- AUTO PARTS & EQUIPMENT -- 1.5% American Axle & Manufacturing Holdings, Inc. ........ 5,162 94,619 ArvinMeritor, Inc. .................... 8,019 115,393 Bandag, Inc. .......................... 1,400 59,738 Cooper Tire & Rubber Co. .............. 7,406 113,460 Dana Corp. ............................ 17,400 124,932 Modine Manufacturing Co. .............. 3,808 124,103 Superior Industries International, Inc. ................................ 2,465 54,871 Tenneco Automotive, Inc. (a)........... 4,900 96,089 The Goodyear Tire & Rubber Co. (a)..... 19,204 333,766 TRW Automotive Holdings Corp. (a)...... 2,800 73,780 United Rentals, Inc. (a)............... 7,184 168,034 Visteon Corp. (a)...................... 15,048 94,200 ----------- 1,452,985 ----------- BANKS (REGIONAL) -- 9.1% 1st Source Corp. ...................... 1,200 30,180 Alabama National Bancorporation........ 1,700 110,092 AMCORE Financial, Inc. ................ 2,707 82,320 Arrow Financial Corp. ................. 1,200 31,380 Bancfirst Corp. ....................... 400 31,600 BancorpSouth, Inc. .................... 7,838 172,985 Bank Mutual Corp. ..................... 7,400 78,440 Banner Corp. .......................... 1,200 37,440 BOK Financial Corp. ................... 3,300 149,919 Capital City Bank Group, Inc. ......... 1,500 51,435 Centennial Bank Holdings, Inc. (a)..... 6,000 74,220 Central Pacific Financial Corp. ....... 3,500 125,720 Chemical Financial Corp. .............. 2,700 85,752 Chittenden Corp. ...................... 5,320 147,949 Citizens Banking Corp. ................ 4,265 118,354 City Bank.............................. 1,000 35,570 City Holding Co. ...................... 2,100 75,495 Columbia Banking System, Inc. ......... 1,800 51,390 Community Bank System, Inc. ........... 3,500 78,925 Community Banks, Inc. ................. 2,700 75,600 Community Trust Bancorp, Inc. ......... 1,500 46,125
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Corus Bankshares, Inc. ................ 1,800 $ 101,286 Cullen/Frost Bankers, Inc. ............ 5,700 305,976 CVB Financial Corp. ................... 5,600 113,736 F N B Corp. ........................... 5,983 103,865 First BanCorp-Puerto Rico.............. 8,700 107,967 First Bancorp-North Carolina........... 1,600 32,256 First Busey Corp. ..................... 1,800 37,602 First Charter Corp. ................... 3,500 82,810 First Citizens BancShares, Inc. ....... 600 104,652 First Commonwealth Financial Corp. .... 8,100 104,733 First Financial Bancorp................ 5,100 89,352 First Financial Bankshares, Inc. ...... 2,100 73,626 First Financial Corp. ................. 1,200 32,400 First Indiana Corp. ................... 1,300 44,694 First Merchants Corp. ................. 2,200 57,200 First Midwest Bancorp, Inc. ........... 5,050 177,053 First Niagara Financial Group, Inc. ... 12,780 184,926 First Oak Brook Bancshares, Inc. ...... 700 19,565 First Republic Bank.................... 2,900 107,329 First State Bancorporation............. 1,800 43,182 FirstMerit Corp. ...................... 8,513 220,572 Fremont General Corp. ................. 7,200 167,256 Glacier Bancorp, Inc. ................. 3,600 108,180 Gold Banc Corp., Inc. ................. 4,600 83,812 Greater Bay Bancorp.................... 5,568 142,652 Hancock Holding Co. ................... 3,100 117,211 Harleysville National Corp. ........... 3,200 61,120 Hudson United Bancorp.................. 4,895 204,023 IBERIABANK Corp. ...................... 1,000 51,010 Independent Bank Corp.-Massachusetts... 1,800 51,354 Independent Bank Corp.-Michigan........ 2,400 65,352 Integra Bank Corp. .................... 2,000 42,680 Interchange Financial Services Corp. ............................... 2,200 37,950 International Bancshares Corp. ........ 5,400 158,544 Irwin Financial Corp. ................. 2,100 44,982 Mid-State Bancshares................... 2,700 72,225 Midwest Banc Holdings, Inc. ........... 2,000 44,500 Nara Bancorp, Inc. .................... 2,500 44,450 National Penn Bancshares, Inc. ........ 4,500 85,725 NBT Bancorp, Inc. ..................... 3,800 82,042 NewAlliance Bancshares, Inc. .......... 12,400 180,296 Old National Bancorp................... 7,492 162,127 Omega Financial Corp. ................. 1,300 36,231 Oriental Financial Group............... 2,500 30,900 Pacific Capital Bancorp................ 4,636 164,949 Park National Corp. ................... 1,300 133,432 Placer Sierra Bancshares............... 900 24,939 Provident Bankshares Corp. ............ 3,801 128,360 Provident Financial Services, Inc. .... 7,402 137,011 R-G Financial Corp. ................... 3,400 44,880 Republic Bancorp, Inc.-Kentucky........ 1,100 23,595 Republic Bancorp, Inc.-Michigan........ 8,172 97,247 S&T Bancorp, Inc. ..................... 2,700 99,414 Sandy Spring Bancorp, Inc. ............ 1,700 59,296 Santander BanCorp...................... 600 15,072 Seacoast Banking Corp. of Florida...... 1,400 32,130 Simmons First National Corp. .......... 1,600 44,320 South Financial Group, Inc. ........... 8,174 225,112 Sterling Bancorp....................... 2,100 41,433
See accompanying notes to financial statements. 120 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Sterling Bancshares, Inc. ............. 5,215 $ 80,520 Sterling Financial Corp. .............. 3,100 61,380 Suffolk Bancorp........................ 1,300 43,901 Sun Bancorp, Inc. (a).................. 1,700 33,575 Susquehanna Bancshares, Inc. .......... 5,029 119,087 Tompkins Trustco, Inc. ................ 800 35,840 TrustCo Bank Corp. NY.................. 8,620 107,060 Trustmark Corp. ....................... 5,280 145,041 UMB Financial Corp. ................... 1,600 102,256 United Bankshares, Inc. ............... 4,496 158,439 Unizan Financial Corp. ................ 2,500 66,400 USB Holding Co., Inc. ................. 1,400 30,324 Washington Trust Bancorp, Inc. ........ 1,400 36,652 WesBanco, Inc. ........................ 2,400 72,984 West Coast Bancorp..................... 1,700 44,965 Whitney Holding Corp. ................. 6,800 187,408 Wilmington Trust Corp. ................ 7,400 287,934 Yardville National Bancorp............. 1,200 41,580 ----------- 8,836,831 ----------- BEVERAGES (NON-ALCOHOLIC) -- 0.4% Aqua America, Inc. .................... 14,066 384,002 Farmer Brothers Co. ................... 700 13,538 ----------- 397,540 ----------- BIOTECHNOLOGY -- 0.5% Alexion Pharmaceuticals, Inc. (a)...... 3,600 72,900 Applera Corp. -- Celera Genomics Group (a).................................. 8,489 93,039 Ariad Pharmaceuticals, Inc. (a)........ 7,000 40,950 Cambrex Corp. ......................... 2,850 53,495 Cell Genesys, Inc. (a)................. 5,146 30,516 Human Genome Sciences, Inc. (a)........ 15,100 129,256 Incyte, Inc. (a)....................... 9,609 51,312 ----------- 471,468 ----------- BROADCASTING (TV, RADIO & CABLE) -- 0.9% Citadel Broadcasting Corp. ............ 6,000 80,640 Cox Radio, Inc. (Class A) (a).......... 4,452 62,684 Cumulus Media, Inc. (a)................ 6,096 75,652 Emmis Communications Corp. (a)......... 3,800 75,658 Fisher Communications, Inc. (a)........ 700 29,001 Hearst-Argyle Television, Inc. ........ 3,054 72,838 Journal Communications, Inc. .......... 4,200 58,590 Liberty Corp. ......................... 1,900 88,939 Lin TV Corp. (Class A) (a)............. 3,100 34,534 Media General, Inc. (Class A).......... 2,400 121,680 Radio One, Inc. (Class A) (a).......... 10,200 104,754 Sinclair Broadcast Group, Inc. ........ 5,351 49,229 World Wrestling Entertainment, Inc. (Class A)............................ 2,100 30,828 ----------- 885,027 ----------- BUILDING MATERIALS -- 1.2% Apogee Enterprises, Inc. .............. 3,000 48,660 Builders FirstSource, Inc. (a)......... 1,400 29,918 Eagle Materials, Inc. ................. 2,000 244,720 ElkCorp................................ 2,200 74,052 Insituform Technologies, Inc. (a)...... 3,068 59,427 Lennox International, Inc. ............ 5,900 166,380 NCI Building Systems, Inc. (a)......... 2,400 101,952
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Texas Industries, Inc. ................ 2,600 $ 129,584 Universal Forest Products, Inc. ....... 1,900 104,975 USG Corp. (a).......................... 3,700 240,500 ----------- 1,200,168 ----------- CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.2% Powerwave Technologies, Inc. (a)....... 12,044 151,393 USA Mobility, Inc. (a)................. 2,900 80,388 ----------- 231,781 ----------- CHEMICALS (DIVERSIFIED) -- 0.8% Airgas, Inc. .......................... 7,300 240,170 FMC Corp. (a).......................... 4,000 212,680 Georgia Gulf Corp. .................... 3,800 115,596 Olin Corp. ............................ 8,056 158,542 Rockwood Holdings, Inc. (a)............ 2,400 47,352 Westlake Chemical Corp. ............... 1,400 40,334 ----------- 814,674 ----------- CHEMICALS (SPECIALTY) -- 2.3% A. Schulman, Inc. ..................... 3,562 76,654 Albemarle Corp. ....................... 3,976 152,480 Arch Chemicals, Inc. .................. 2,700 80,730 Cabot Corp. ........................... 6,000 214,800 Cytec Industries, Inc. ................ 4,100 195,283 Ferro Corp. ........................... 4,839 90,780 H.B. Fuller Co. ....................... 3,349 107,403 Hercules, Inc. (a)..................... 11,671 131,882 Kronos Worldwide, Inc. ................ 400 11,604 Minerals Technologies, Inc. ........... 2,200 122,958 NewMarket Corp. (a).................... 1,700 41,582 NL Industries.......................... 900 12,681 OM Group, Inc. (a)..................... 3,300 61,908 PolyOne Corp. (a)...................... 10,600 68,158 RPM, Inc. ............................. 12,582 218,549 Sensient Technologies Corp. ........... 5,127 91,773 Spartech Corp. ........................ 3,700 81,215 Terra Nitrogen Co. LP.................. 800 15,200 Tronox, Inc (a)........................ 1,700 22,219 UAP Holding Corp. ..................... 3,900 79,638 Valhi, Inc. ........................... 1,400 25,900 Valspar Corp. ......................... 10,300 254,101 WR Grace & Co. (a)..................... 6,400 60,160 ----------- 2,217,658 ----------- COAL -- 0.5% Foundation Coal Holdings, Inc. ........ 3,900 148,200 International Coal Group, Inc (a)...... 13,000 123,500 James River Coal Co. (a)............... 1,900 72,580 Natural Resource Partners LP........... 1,700 85,425 Penn Virginia Resource Partners LP..... 1,500 83,355 ----------- 513,060 ----------- COMMUNICATIONS EQUIPMENT -- 1.4% ADC Telecommunications, Inc. (a)....... 12,700 283,718 Andrew Corp. (a)....................... 17,300 185,629 Anixter International, Inc. ........... 3,700 144,744 CIENA Corp. (a)........................ 61,800 183,546 CommScope, Inc. (a).................... 6,290 126,618 Fairpoint Communications, Inc. ........ 3,200 33,152 Newport Corp. (a)...................... 4,202 56,895
See accompanying notes to financial statements. 121 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- North Pittsburgh Systems, Inc. ........ 1,600 $ 30,192 PanAmSat Holding Corp. ................ 5,900 144,550 RF Micro Devices, Inc. (a)............. 21,638 117,061 Sycamore Networks, Inc. (a)............ 21,438 92,612 ----------- 1,398,717 ----------- COMPUTER SOFTWARE/SERVICES -- 1.6% Advent Software, Inc. (a).............. 2,600 75,166 Agilysys, Inc. ........................ 3,562 64,900 American Reprographics Co. (a)......... 2,200 55,902 Borland Software Corp. (a)............. 9,311 60,801 Compuware Corp. (a).................... 37,700 338,169 Covansys Corp. (a)..................... 2,100 28,581 Hutchinson Technology, Inc. (a)........ 3,000 85,350 Imation Corp. ......................... 3,600 165,852 Magma Design Automation, Inc. (a)...... 3,300 27,753 Mantech International Corp. (a)........ 1,700 47,362 NetIQ Corp. (a)........................ 6,379 78,398 Perot Systems Corp. (Class A) (a)...... 9,245 130,724 The Reynolds & Reynolds Co. ........... 7,000 196,490 THQ, Inc. (a).......................... 6,700 159,795 ----------- 1,515,243 ----------- COMPUTERS (HARDWARE) -- 0.2% Gateway, Inc. (a)...................... 26,814 67,303 Palm, Inc. (a)......................... 4,900 155,820 ----------- 223,123 ----------- COMPUTERS (NETWORKING) -- 0.2% 3Com Corp. (a)......................... 41,900 150,840 Extreme Networks, Inc. (a)............. 12,475 59,256 ----------- 210,096 ----------- COMPUTERS (PERIPHERALS) -- 0.2% Electronics for Imaging, Inc. (a)...... 5,779 153,779 ----------- CONSUMER (JEWELRY/NOVELTIES) -- 0.1% Blyth, Inc. ........................... 3,510 73,534 ----------- CONSUMER FINANCE -- 0.2% Westcorp............................... 2,600 173,186 ----------- CONTAINERS (METALS & GLASS) -- 0.1% Greif, Inc. (Class A).................. 1,700 112,676 ----------- CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.2% Chesapeake Corp. ...................... 2,273 38,596 Packaging Corp. of America............. 6,700 153,765 ----------- 192,361 ----------- DISTRIBUTION/WHOLESALE -- 0.7% BlueLinx Holdings, Inc. ............... 1,400 15,750 Building Material Holding Corp. ....... 1,600 109,136 Handleman Co. ......................... 2,500 31,050 Hughes Supply, Inc. ................... 7,200 258,120 Owens & Minor, Inc. ................... 4,570 125,812 Watsco, Inc. .......................... 2,600 155,506 ----------- 695,374 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 0.1% Chiquita Brands International, Inc. ... 4,479 89,625 ----------- ELECTRIC UTILITIES -- 3.7% ALLETE, Inc. .......................... 2,802 123,288 Avista Corp. .......................... 5,606 99,282
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Black Hills Corp. ..................... 3,767 $ 130,376 CH Energy Group, Inc. ................. 1,800 82,620 Cleco Corp. ........................... 5,755 119,992 CMS Energy Corp. (a)................... 23,885 346,571 Duquesne Light Holdings, Inc. ......... 8,300 135,456 El Paso Electric Co. (a)............... 5,513 115,994 Empire District Electric Co. .......... 3,000 60,990 Great Plains Energy, Inc. ............. 8,100 226,476 Hawaiian Electric Industries, Inc. .... 8,753 226,703 IDACORP, Inc. ......................... 4,836 141,695 ITC Holdings Corp. .................... 1,400 39,326 MGE Energy, Inc. ...................... 2,400 81,384 NorthWestern Corp. .................... 3,100 96,317 OGE Energy Corp. ...................... 9,831 263,372 Otter Tail Corp. ...................... 3,000 86,940 Pike Electric Corp. (a)................ 1,600 25,952 PNM Resources, Inc. ................... 6,758 165,503 Puget Energy, Inc. .................... 12,500 255,250 Sierra Pacific Resources (a)........... 12,687 165,438 UIL Holdings Corp. .................... 1,500 68,985 Unisource Energy Corp. ................ 3,757 117,218 Westar Energy, Inc. ................... 9,287 199,671 WPS Resources Corp. ................... 4,600 254,426 ----------- 3,629,225 ----------- ELECTRICAL EQUIPMENT -- 0.9% Advanced Energy Industries, Inc. (a)... 3,700 43,771 Artesyn Technologies, Inc. (a)......... 4,328 44,578 Black Box Corp. ....................... 2,000 94,760 C-COR.net Corp. (a).................... 5,545 26,949 Cohu, Inc. ............................ 2,307 52,761 EMCOR Group, Inc. (a).................. 1,700 114,801 Lincoln Electric Holdings, Inc. ....... 3,900 154,674 Littelfuse, Inc. (a)................... 2,600 70,850 Thomas & Betts Corp. (a)............... 6,800 285,328 ----------- 888,472 ----------- ELECTRONICS (COMPONENT DISTRIBUTION) -- 1.3% AVX Corp. ............................. 6,000 86,880 Bel Fuse, Inc. (Class B)............... 1,300 41,340 Coherent, Inc. (a)..................... 3,500 103,880 Cubic Corp. ........................... 1,900 37,924 EnerSys (a)............................ 2,400 31,296 GrafTech International, Ltd. (a)....... 11,298 70,274 KEMET Corp. (a)........................ 10,050 71,053 Methode Electronics, Inc. (Class A).... 4,142 41,296 Plexus Corp. (a)....................... 5,023 114,223 Power-One, Inc. (a).................... 8,516 51,266 Tech Data Corp. (a).................... 6,300 249,984 Technitrol, Inc. ...................... 4,271 73,034 Vishay Intertechnology, Inc. (a)....... 18,400 253,184 ----------- 1,225,634 ----------- ELECTRONICS (INSTRUMENT) -- 1.0% Belden CDT, Inc. ...................... 5,398 131,873 Brady Corp. ........................... 4,600 166,428 Checkpoint Systems, Inc. (a)........... 4,401 108,485 Park Electrochemical Corp. ............ 2,052 53,311 Paxar Corp. (a)........................ 4,200 82,446 Tektronix, Inc. ....................... 9,200 259,532
See accompanying notes to financial statements. 122 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Watts Water Technologies, Inc. ........ 2,900 $ 87,841 Woodward Governor Co. ................. 1,100 94,611 ----------- 984,527 ----------- ELECTRONICS (SEMICONDUCTORS) -- 1.5% Actel Corp. (a)........................ 2,931 37,312 Adaptec, Inc. (a)...................... 12,769 74,316 Conexant Systems, Inc. (a)............. 53,687 121,333 Cypress Semiconductor Corp. (a)........ 14,550 207,337 Electro Scientific Industries, Inc. (a).................................. 3,228 77,956 Emulex Corp. (a)....................... 8,996 178,031 Integrated Device Technology, Inc. (a).................................. 21,842 287,877 Lattice Semiconductor Corp. (a)........ 12,363 53,408 LSI Logic Corp. (a).................... 42,400 339,200 TriQuint Semiconductor, Inc. (a)....... 15,966 71,049 ----------- 1,447,819 ----------- ENERGY-ALTERNATE SOURCES -- 0.3% Covanta Holding Corp. (a).............. 11,700 176,202 KFX, Inc. (a).......................... 7,200 123,192 Sunpower Corp. (a)..................... 800 27,192 ----------- 326,586 ----------- ENGINEERING & CONSTRUCTION -- 0.9% Dycom Industries, Inc. (a)............. 4,559 100,298 Foster Wheeler, Ltd. (a)............... 4,800 176,544 Granite Construction, Inc. ............ 3,700 132,867 McDermott International, Inc. (a)...... 6,400 285,504 URS Corp. (a).......................... 4,600 173,006 ----------- 868,219 ----------- ENTERTAINMENT -- 0.3% Carmike Cinemas, Inc. ................. 1,300 32,968 Great Wolf Resorts, Inc. (a)........... 3,100 31,961 Midway Games, Inc. (a)................. 1,100 20,867 Regal Entertainment Group.............. 5,300 100,806 Vail Resorts, Inc. (a)................. 3,200 105,696 ----------- 292,298 ----------- ENVIRONMENTAL CONTROL -- 0.3% Aleris International, Inc. (a)......... 3,600 116,064 Nalco Holding Co. (a).................. 9,100 161,161 ----------- 277,225 ----------- EQUIPMENT (SEMICONDUCTORS) -- 0.7% Axcelis Technologies, Inc. (a)......... 11,635 55,499 Brooks Automation, Inc. (a)............ 8,557 107,219 Credence Systems Corp. (a)............. 9,400 65,424 Entegris, Inc. (a)..................... 13,800 129,996 Kulicke & Soffa Industries, Inc. (a)... 5,955 52,642 MKS Instruments, Inc. (a).............. 4,100 73,349 Photronics, Inc. (a)................... 4,327 65,165 Standard Microsystems Corp. (a)........ 2,400 68,856 Vitesse Semiconductor Corp. (a)........ 25,463 48,889 ----------- 667,039 ----------- FINANCIAL (DIVERSIFIED) -- 1.0% CharterMac............................. 5,500 116,490 Financial Federal Corp. ............... 2,000 88,900 GAMCO Investors, Inc. ................. 800 34,824 IndyMac Bancorp, Inc. ................. 6,800 265,336 IntercontinentalExchange, Inc. (a)..... 1,700 61,795
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Knight Capital Group, Inc. (a)......... 12,445 $ 123,081 Nelnet, Inc. (a)....................... 2,500 101,700 Ocwen Financial Corp. (a).............. 4,300 37,410 Piper Jaffray Cos., Inc. (a)........... 2,400 96,960 ----------- 926,496 ----------- FOOD PRODUCTS -- 1.3% Corn Products International, Inc. ..... 8,000 191,120 Del Monte Foods Co. (a)................ 21,700 226,331 Fresh Del Monte Produce, Inc. ......... 2,900 66,033 Gold Kist, Inc. (a).................... 5,900 88,205 Great Atlantic & Pacific Tea Co. (a)... 1,900 60,382 Hain Celestial Group, Inc. (a)......... 3,500 74,060 Lancaster Colony Corp. ................ 2,900 107,445 Lance, Inc. ........................... 3,400 63,342 Nash Finch Co. ........................ 1,400 35,672 Pilgrim's Pride Corp. ................. 4,500 149,220 Premium Standard Farms, Inc. .......... 1,100 16,456 Ralcorp Holdings, Inc. (a)............. 3,200 127,712 Tootsie Roll Industries, Inc. ......... 2,900 83,897 ----------- 1,289,875 ----------- FOOTWEAR -- 0.4% Payless ShoeSource, Inc. (a)........... 7,400 185,740 Skechers U.S.A., Inc. (a).............. 2,600 39,832 Stride Rite Corp. ..................... 4,206 57,033 Wolverine World Wide, Inc. ............ 6,174 138,668 ----------- 421,273 ----------- GAMING & LOTTERY -- 0.2% Churchill Downs, Inc. ................. 1,000 36,730 Isle of Capri Casinos, Inc. (a)........ 2,000 48,720 Pinnacle Entertainment, Inc. (a)....... 4,584 113,271 ----------- 198,721 ----------- GAS & PIPELINE UTILITIES -- 0.5% Aquila, Inc. (a)....................... 40,420 145,512 DCP Midstream Partners LP (a).......... 900 22,032 Magellan Midstream Partners LP......... 6,600 212,718 Markwest Energy Partners LP............ 900 41,796 TC Pipelines LP........................ 1,900 61,750 ----------- 483,808 ----------- GOLD/PRECIOUS METALS MINING -- 0.3% Meridian Gold, Inc. (a)................ 10,802 236,240 Stillwater Mining Co. (a).............. 5,083 58,810 ----------- 295,050 ----------- HAND/MACHINE TOOLS -- 0.2% Snap-on, Inc. ......................... 5,730 215,219 ----------- HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 0.3% Alpharma, Inc. (Class A)............... 4,700 133,997 KV Pharmaceutical Co. (Class A) (a).... 4,800 98,880 Star Scientific, Inc. (a).............. 5,400 12,690 ----------- 245,567 ----------- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 1.1% Advanced Medical Optics, Inc. (a)...... 7,100 296,780 CONMED Corp. (a)....................... 3,500 82,810 Datascope Corp. ....................... 1,400 46,270 DJ Orthopedics, Inc. (a)............... 2,100 57,918
See accompanying notes to financial statements. 123 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Invacare Corp. ........................ 3,700 $ 116,513 PolyMedica Corp. ...................... 2,800 93,716 PSS World Medical, Inc. (a)............ 7,501 111,315 STERIS Corp. .......................... 7,500 187,650 West Pharmaceutical Services, Inc. .... 3,300 82,599 ----------- 1,075,571 ----------- HEALTH CARE (SPECIAL SERVICES) -- 0.4% Genesis HealthCare Corp. (a)........... 2,300 83,996 Kindred Healthcare, Inc. (a)........... 3,100 79,856 Magellan Health Services, Inc. (a)..... 3,600 113,220 NDCHealth Corp. (a).................... 4,210 80,958 RehabCare Group, Inc. (a).............. 1,900 38,380 ----------- 396,410 ----------- HOMEBUILDING -- 1.3% Beazer Homes USA, Inc. ................ 4,300 313,212 Champion Enterprises, Inc. (a)......... 8,409 114,530 Fleetwood Enterprises, Inc. (a)........ 6,388 78,892 M.D.C. Holdings, Inc. ................. 3,500 216,930 M/I Homes, Inc. ....................... 1,300 52,806 Palm Harbor Homes, Inc. (a)............ 1,200 22,560 Skyline Corp. ......................... 800 29,120 Standard Pacific Corp. ................ 7,400 272,320 WCI Communities, Inc. (a).............. 4,200 112,770 Williams Scotsman International, Inc. (a).................................. 1,800 31,158 ----------- 1,244,298 ----------- HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.6% American Woodmark Corp. ............... 1,300 32,227 Ethan Allen Interiors, Inc. ........... 3,400 124,202 Furniture Brands International, Inc. ................................ 5,889 131,502 Kimball International, Inc. (Class B)................................... 2,900 30,827 La-Z-Boy, Inc. ........................ 6,097 82,675 Maytag Corp. .......................... 7,950 149,619 ----------- 551,052 ----------- HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.5% American Greetings Corp. (Class A)..... 6,702 147,243 Central Garden & Pet Co. (a)........... 2,100 96,474 CSS Industries, Inc. .................. 900 27,657 Playtex Products, Inc. (a)............. 3,800 51,946 Russ Berrie & Co., Inc. ............... 1,200 13,704 Tupperware Corp. ...................... 5,579 124,970 WD-40 Co. ............................. 1,900 49,894 ----------- 511,888 ----------- INSURANCE BROKERS -- 0.2% Erie Indemnity Co. (Class A)........... 3,200 170,240 ----------- INSURANCE (LIFE/HEALTH) -- 1.4% AmerUs Group Co. ...................... 4,300 243,681 Delphi Financial Group................. 3,100 142,631 FBL Financial Group, Inc. (Class A).... 1,400 45,934 Great American Financial Resources, Inc. ................................ 900 17,856 Kansas City Life Insurance Co. ........ 500 25,040 National Western Life Insurance Co. (Class A) (a)........................ 300 62,073 Presidential Life Corp. ............... 2,473 47,086 Reinsurance Group America, Inc. ....... 3,600 171,936 StanCorp Financial Group, Inc. ........ 6,200 309,690
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- The Phoenix Cos., Inc. ................ 10,431 $ 142,279 UICI................................... 3,500 124,285 ----------- 1,332,491 ----------- INSURANCE (MULTI-LINE) -- 0.6% Alfa Corp. ............................ 4,300 69,230 American National Insurance Co. ....... 1,700 198,883 Hanover Insurance Group, Inc. ......... 5,745 239,969 United Fire & Casualty Co. ............ 2,100 84,903 ----------- 592,985 ----------- INSURANCE (PROPERTY/CASUALTY) -- 2.5% 21st Century Insurance Group........... 3,000 48,540 Alleghany Corp. (a).................... 600 170,400 American Financial Group, Inc. ........ 4,354 166,802 Argonaut Group, Inc. (a)............... 3,200 104,864 Baldwin & Lyons, Inc. (Class B)........ 1,100 26,730 Bristol West Holdings, Inc. ........... 2,200 41,866 CNA Surety Corp. (a)................... 1,800 26,226 Harleysville Group, Inc. .............. 1,600 42,400 Horace Mann Educators Corp. ........... 4,974 94,307 Infinity Property & Casualty Corp. .... 2,400 89,304 LandAmerica Financial Group, Inc. ..... 1,800 112,320 Mercury General Corp. ................. 2,900 168,838 Ohio Casualty Corp. ................... 7,150 202,488 ProAssurance Corp. (a)................. 3,100 150,784 RLI Corp. ............................. 2,600 129,662 Safety Insurance Group, Inc. .......... 1,500 60,555 Selective Insurance Group, Inc. ....... 3,000 159,300 State Auto Financial Corp. ............ 1,600 58,336 Stewart Information Services Corp. .... 2,000 97,340 The Commerce Group, Inc. .............. 3,300 189,024 The Midland Co. ....................... 1,500 54,060 Triad Guaranty, Inc. (a)............... 1,100 48,389 Wesco Financial Corp. ................. 200 77,000 Zenith National Insurance Corp. ....... 3,300 152,196 ----------- 2,471,731 ----------- INVESTMENT BANKING/BROKERAGE -- 0.9% Friedman, Billings, Ramsey Group, Inc. ................................ 17,000 168,300 Investment Technology Group, Inc. (a).................................. 4,522 160,259 Jefferies Group, Inc. ................. 5,400 242,892 LaBranche & Co., Inc. (a).............. 6,579 66,514 Raymond James Financial, Inc. ......... 6,612 249,074 Resource America, Inc. ................ 2,000 34,100 ----------- 921,139 ----------- INVESTMENT MANAGEMENT -- 0.8% Alliance Capital Management Holding LP................................... 3,000 169,470 Cohen & Steers, Inc. .................. 1,000 18,630 Nuveen Investments, Inc. .............. 6,900 294,078 W.P. Stewart & Co., Ltd. .............. 2,570 60,575 Waddell & Reed Financial, Inc. (Class A)................................... 9,000 188,730 ----------- 731,483 ----------- LEISURE TIME (PRODUCTS) -- 0.5% Callaway Golf Co. ..................... 7,561 104,644 Cedar Fair LP.......................... 5,800 165,532 JAKKS Pacific, Inc. (a)................ 3,042 63,700 K2, Inc. (a)........................... 5,400 54,594 Monaco Coach Corp. .................... 3,138 41,735
See accompanying notes to financial statements. 124 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Six Flags, Inc. (a).................... 8,543 $ 65,867 The Topps Co., Inc..................... 4,400 32,692 ----------- 528,764 ----------- LODGING (HOTELS) -- 0.8% Aztar Corp. (a)........................ 4,000 121,560 Gaylord Entertainment Co. (a).......... 4,300 187,437 La Quinta Corp. (a).................... 21,992 244,991 Marcus Corp. .......................... 2,400 56,400 Orient-Express Hotels, Ltd. (Class A)................................... 4,400 138,688 ----------- 749,076 ----------- MACHINERY (DIVERSIFIED) -- 2.3% AGCO Corp. (a)......................... 9,802 162,419 Albany International Corp. (Class A)... 2,900 104,864 Applied Industrial Technologies, Inc. ................................ 3,100 104,439 Baldor Electric Co. ................... 3,400 87,210 Brush Engineered Materials, Inc. (a)... 2,200 34,980 Cascade Corp. ......................... 1,200 56,292 Gardner Denver, Inc. (a)............... 2,800 138,040 Global Power Equipment Group, Inc. (a).................................. 4,100 18,532 IDEX Corp. ............................ 5,400 221,994 JLG Industries, Inc. .................. 5,600 255,696 Kaydon Corp. .......................... 3,300 106,062 Lindsay Manufacturing Co. ............. 1,300 24,999 Mueller Industries, Inc. .............. 3,638 99,754 Nordson Corp. ......................... 3,300 133,683 Robbins & Myers, Inc. ................. 1,300 26,455 Sauer-Danfoss, Inc. ................... 1,300 24,453 Stewart & Stevenson Services, Inc. .... 3,040 64,235 Tecumseh Products Co. (Class A)........ 1,800 41,238 Tennant Co. ........................... 800 41,600 The Manitowoc Co., Inc. ............... 3,200 160,704 UNOVA, Inc. (a)........................ 5,200 175,760 Wabtec Corp. .......................... 4,900 131,810 ----------- 2,215,219 ----------- MANUFACTURING (DIVERSIFIED) -- 2.9% Ameron International Corp. ............ 900 41,022 AO Smith Corp. ........................ 2,300 80,730 Aptargroup, Inc. ...................... 3,500 182,700 Barnes Group, Inc. .................... 2,000 66,000 Blount International, Inc. (a)......... 4,300 68,499 Carlisle Cos., Inc. ................... 3,400 235,110 Crane Co. ............................. 5,617 198,112 Federal Signal Corp. .................. 5,600 84,056 Harsco Corp. .......................... 4,500 303,795 Herman Miller, Inc. ................... 7,500 211,425 iRobot Corp. (a)....................... 500 16,665 Jacuzzi Brands, Inc. (a)............... 8,735 73,374 Myers Industries, Inc. ................ 3,000 43,740 NACCO Industries, Inc. ................ 700 82,005 Reddy Ice Holdings, Inc. .............. 1,200 26,172 Regal-Beloit Corp. .................... 3,500 123,900 Standex International Corp. ........... 1,300 36,088 Terex Corp. (a)........................ 5,400 320,760 The Brink's Co. ....................... 6,600 316,206 Tredegar Corp. ........................ 2,900 37,381 Trinity Industries, Inc. .............. 5,001 220,394 ----------- 2,768,134 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- MANUFACTURING (SPECIALIZED) -- 0.8% Astec Industries, Inc. (a)............. 1,800 $ 58,788 Briggs & Stratton Corp. ............... 5,600 217,224 CTS Corp. ............................. 4,289 47,436 EnPro Industries, Inc. (a)............. 2,400 64,680 IKON Office Solutions, Inc. ........... 12,683 132,030 Teleflex, Inc. ........................ 4,000 259,920 ----------- 780,078 ----------- METAL FABRICATORS -- 1.2% CIRCOR International, Inc. ............ 1,500 38,490 Commercial Metals Co. ................. 6,414 240,782 General Cable Corp. (a)................ 5,230 103,031 Kennametal, Inc. ...................... 4,200 214,368 Lawson Products, Inc. ................. 600 22,644 NS Group, Inc. (a)..................... 2,600 108,706 Quanex Corp. .......................... 2,700 134,919 The Timken Co. ........................ 9,000 288,180 Valmont Industries, Inc. .............. 1,800 60,228 ----------- 1,211,348 ----------- METALS MINING -- 0.4% AMCOL International Corp. ............. 2,900 59,508 Century Aluminum Co. (a)............... 2,800 73,388 RTI International Metals, Inc. (a)..... 2,500 94,875 Titanium Metals Corp. (a).............. 900 56,934 USEC, Inc. ............................ 9,734 116,321 ----------- 401,026 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 3.7% AGL Resources, Inc. ................... 7,916 275,556 Atmos Energy Corp. .................... 8,898 232,772 Boardwalk Pipeline Partners LP (a)..... 1,700 30,566 Buckeye Partners LP.................... 3,800 160,436 Dynegy, Inc. (Class A) (a)............. 29,061 140,655 Holly Energy Partners LP............... 800 29,512 Laclede Group, Inc. ................... 2,300 67,183 National Fuel Gas Co. ................. 8,600 268,234 New Jersey Resources Corp. ............ 3,200 134,048 Nicor, Inc. ........................... 4,800 188,688 Northwest Natural Gas Co. ............. 3,138 107,257 Pacific Energy Partners LP............. 3,100 91,047 Peoples Energy Corp. .................. 4,092 143,506 Piedmont Natural Gas Co., Inc. ........ 7,828 189,125 Plains All American Pipeline LP........ 5,900 233,463 South Jersey Industries, Inc. ......... 3,200 93,248 Southern Union Co. (a)................. 11,450 270,564 Southwest Gas Corp. ................... 4,400 116,160 UGI Corp. ............................. 11,262 231,997 Valero LP.............................. 4,000 207,040 Vectren Corp. ......................... 8,277 224,803 WGL Holdings, Inc. .................... 5,252 157,875 ----------- 3,593,735 ----------- OFFICE EQUIPMENT & SUPPLIES -- 0.2% Ennis, Inc. ........................... 2,900 52,693 United Stationers, Inc. (a)............ 3,600 174,600 ----------- 227,293 -----------
See accompanying notes to financial statements. 125 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- OFFICE FURNISHINGS -- 0.1% Global Imaging Systems, Inc. (a)....... 2,700 $ 93,501 Interface, Inc. (Class A) (a).......... 5,182 42,596 ----------- 136,097 ----------- OIL & GAS (DRILLING & EQUIPMENT) -- 0.3% Lone Star Technologies, Inc. (a)....... 3,100 160,146 SEACOR Holdings, Inc. (a).............. 2,200 149,820 ----------- 309,966 ----------- OIL & GAS (EXPLORATION/PRODUCTS) -- 1.6% Dorchester Minerals LP................. 3,100 78,957 Forest Oil Corp. (a)................... 5,700 259,749 Harvest Natural Resources, Inc. (a).... 4,200 37,296 Hugoton Royalty Trust.................. 2,100 79,611 McMoRan Exploration Co. (a)............ 2,300 45,471 Meridian Resource Corp. (a)............ 10,000 42,000 Petrohawk Energy Corp. (a)............. 7,900 104,438 RPC, Inc. ............................. 3,150 82,971 Stone Energy Corp. (a)................. 2,900 132,037 The Houston Exploration Co. (a)........ 3,100 163,680 Vintage Petroleum, Inc. ............... 6,139 327,393 Whiting Petroleum Corp. (a)............ 4,000 160,000 ----------- 1,513,603 ----------- OIL & GAS (REFINING & MARKETING) -- 0.4% Hanover Compressor Co. (a)............. 9,881 139,421 Sunoco Logistics Partners LP........... 1,500 58,050 Universal Compression Holdings, Inc. (a).................................. 2,400 98,688 Veritas DGC, Inc. (a).................. 3,600 127,764 ----------- 423,923 ----------- OIL FIELD SERVICES -- 0.3% Tidewater, Inc. ....................... 5,800 257,868 ----------- PAPER & FOREST PRODUCTS -- 1.3% Bowater, Inc. ......................... 6,000 184,320 Buckeye Technologies, Inc. (a)......... 4,300 34,615 Caraustar Industries, Inc. (a)......... 3,275 28,460 Deltic Timber Corp. ................... 1,300 67,418 Glatfelter............................. 4,400 62,436 Longview Fibre Co. .................... 5,900 122,779 Neenah Paper, Inc. .................... 1,700 47,600 Potlatch Corp. ........................ 3,200 163,136 Rayonier, Inc. ........................ 8,300 330,755 Rock-Tenn Co. ......................... 3,600 49,140 Schweitzer-Mauduit International, Inc. ................................ 1,700 42,126 Wausau-Mosinee Paper Corp. ............ 5,649 66,940 Xerium Technologies, Inc. ............. 1,600 13,456 ----------- 1,213,181 ----------- PERSONAL CARE -- 0.1% Perrigo Co. ........................... 9,583 142,882 ----------- PUBLISHING -- 0.1% Primedia, Inc. (a)..................... 17,700 28,497 Scholastic Corp. (a)................... 3,300 94,083 ----------- 122,580 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- PUBLISHING (NEWSPAPERS) -- 0.4% Hollinger International, Inc. ......... 5,342 $ 47,864 Journal Register Co. .................. 4,900 73,255 Lee Enterprises, Inc. ................. 4,400 162,404 McClatchy Co. (Class A)................ 2,300 135,930 ----------- 419,453 ----------- RAILROADS -- 0.4% GATX Corp. ............................ 4,760 171,741 Kansas City Southern Industries, Inc. (a).................................. 7,921 193,510 ----------- 365,251 ----------- REAL ESTATE INVESTMENT TRUST -- 14.5% Aames Investment Corp. ................ 5,500 35,530 Acadia Realty Trust.................... 3,200 64,160 Affordable Residential Communities..... 3,400 32,402 Alexandria Real Estate Equities, Inc. ................................ 2,500 201,250 American Financial Realty Trust........ 13,900 166,800 American Home Mortgage Investment Corp. ............................... 4,868 158,551 Amli Residential Properties Trust...... 2,900 110,345 Annaly Mortgage Management, Inc. ...... 13,155 143,916 Anthracite Capital, Inc. .............. 6,400 67,392 Anworth Mortgage Asset Corp. .......... 5,300 38,690 Arbor Realty Trust, Inc. .............. 1,900 49,248 Arden Realty, Inc. .................... 7,312 327,797 Ashford Hospitality Trust, Inc. ....... 4,800 50,352 Avatar Holdings, Inc. (a).............. 500 27,460 Bedford Property Investors, Inc. ...... 1,800 39,492 BioMed Realty Trust, Inc. ............. 5,200 126,880 Brandywine Realty Trust................ 6,254 174,549 BRE Properties, Inc. (Class A)......... 5,484 249,412 Camden Property Trust.................. 5,680 328,985 Capital Lease Funding, Inc. ........... 2,900 30,537 Capital Trust, Inc. (Class A).......... 1,300 38,064 CarrAmerica Realty Corp. .............. 6,279 217,442 CBL & Associates Properties, Inc. ..... 6,500 256,815 Centerpoint Properties Corp. .......... 5,300 262,244 CentraCore Properties Trust............ 1,300 34,931 Colonial Properties Trust.............. 5,056 212,251 Commercial Net Lease Realty............ 6,200 126,294 Corporate Office Properties Trust...... 4,300 152,822 Cousins Properties, Inc. .............. 4,576 129,501 Crescent Real Estate Equities Co. ..... 10,800 214,056 Deerfield Triarc Capital Corp. ........ 2,900 39,730 DiamondRock Hospitality Co. ........... 5,400 64,584 EastGroup Properties, Inc. ............ 2,500 112,900 Education Realty Trust, Inc. .......... 2,600 33,514 Entertainment Properties Trust......... 2,900 118,175 Equity Inns, Inc. ..................... 6,143 83,238 Equity Lifestyle Properties, Inc. ..... 2,400 106,800 Equity One, Inc. ...................... 4,200 97,104 Essex Property Trust, Inc. ............ 2,300 212,060 Extra Space Storage, Inc. ............. 5,300 81,620 Federal Realty Investment Trust........ 5,700 345,705 FelCor Lodging Trust, Inc. ............ 5,400 92,934 Fieldstone Investment Corp. ........... 5,700 67,602 First Industrial Realty Trust, Inc. ... 4,775 183,837 Franklin Street Properties Corp. ...... 6,300 131,985 Getty Realty Corp. .................... 2,200 57,838 Glenborough Realty Trust, Inc. ........ 4,210 76,201
See accompanying notes to financial statements. 126 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Glimcher Realty Trust.................. 4,100 $ 99,712 GMH Communities Trust.................. 4,300 66,693 Health Care REIT, Inc. ................ 6,309 213,875 Healthcare Realty Trust, Inc. ......... 5,073 168,779 Heritage Property Investment Trust..... 3,100 103,540 Highland Hospitality Corp. ............ 5,800 64,090 Highwoods Properties, Inc. ............ 5,848 166,376 Home Properties of New York, Inc. ..... 3,443 140,474 HomeBanc Corp. ........................ 5,200 38,896 HRPT Properties Trust.................. 23,186 239,975 Impac Mortgage Holdings, Inc. ......... 8,596 80,888 Inland Real Estate Corp. .............. 7,000 103,530 Innkeepers USA Trust................... 4,900 78,400 Investors Real Estate Trust............ 5,200 47,996 JER Investors Trust, Inc. ............. 2,800 47,460 Kilroy Realty Corp. ................... 3,100 191,890 KKR Financial Corp. ................... 4,400 105,556 LaSalle Hotel Properties............... 3,900 143,208 Lexington Corporate Properties Trust... 6,000 127,800 LTC Properties, Inc. .................. 2,300 48,369 Luminent Mortgage Capital, Inc. ....... 4,000 30,040 Maguire Properties, Inc. .............. 3,700 114,330 Medical Properties Trust, Inc. ........ 3,600 35,208 MeriStar Hospitality Corp. (a)......... 10,134 95,260 MFA Mortgage Investments, Inc. ........ 9,500 54,150 Mid-America Apartment Communities, Inc. ................................ 2,400 116,400 National Health Investors, Inc. ....... 2,700 70,092 Nationwide Health Properties, Inc. .... 7,726 165,336 New Century Financial Corp. ........... 6,100 220,027 Newcastle Investment Corp. ............ 4,700 116,795 Newkirk Realty Trust, Inc. ............ 1,700 26,350 Novastar Financial, Inc. .............. 3,426 96,305 Omega Healthcare Investors, Inc. ...... 5,900 74,281 Pan Pacific Retail Properties, Inc. ... 4,400 294,316 Parkway Properties, Inc. .............. 1,600 64,224 Pennsylvania Real Estate Investment Trust................................ 3,891 145,368 Post Properties, Inc. ................. 4,627 184,849 Prentiss Properties Trust.............. 4,876 198,356 PS Business Parks, Inc. ............... 1,900 93,480 RAIT Investment Trust.................. 2,900 75,168 Ramco-Gershenson Properties Trust...... 2,000 53,300 Realty Income Corp. ................... 9,150 197,823 Reckson Associates Realty Corp. ....... 8,847 318,315 Redwood Trust, Inc. ................... 2,700 111,402 Saul Centers, Inc. .................... 1,200 43,320 Saxon Capital, Inc. ................... 5,791 65,612 Senior Housing Properties Trust........ 6,900 116,679 Shurgard Storage Centers, Inc. (Class A)................................... 5,000 283,550 SL Green Realty Corp. ................. 4,400 336,116 Sovran Self Storage, Inc. ............. 1,800 84,546 Spirit Finance Corp. .................. 7,300 82,855 Strategic Hotel Capital, Inc. ......... 3,400 69,972 Sun Communities, Inc. ................. 2,200 69,080 Sunstone Hotel Investors, Inc. ........ 5,000 132,850 Tanger Factory Outlet Centers, Inc. ... 3,200 91,968 Taubman Centers, Inc. ................. 5,400 187,650 Town & Country Trust................... 1,900 64,239 Trammell Crow Co. (a).................. 4,100 105,165 Trizec Properties, Inc. ............... 10,100 231,492
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Trustreet Properties, Inc. ............ 6,700 $ 97,954 U-Store-It Trust....................... 5,200 109,460 U.S. Shipping Partners LP ............. 800 17,584 Universal Health Realty Income Trust... 1,300 40,742 Urstadt Biddle Properties (Class A).... 2,200 35,662 Ventas, Inc. .......................... 11,223 359,360 W.P. Carey & Co. LLC................... 3,200 81,152 Washington Real Estate Investment Trust................................ 4,804 145,801 ----------- 14,055,486 ----------- REINSURANCE -- 2.0% Aspen Insurance Holdings, Ltd. ........ 5,400 127,818 Assured Guaranty, Ltd. ................ 5,700 144,723 Endurance Specialty Holdings, Ltd. .... 6,600 236,610 Enstar Group, Inc. (a)................. 400 26,500 IPC Holdings, Ltd. .................... 5,400 147,852 Max Re Capital, Ltd. .................. 5,000 129,850 Montpelier Re Holdings, Ltd. .......... 9,000 170,100 PartnerRe, Ltd. ....................... 6,000 394,020 RenaissanceRe Holdings, Ltd. .......... 7,800 344,058 Transatlantic Holdings, Inc. .......... 2,900 194,880 ----------- 1,916,411 ----------- RESTAURANTS -- 0.7% Bob Evans Farms, Inc. ................. 4,137 95,399 CKE Restaurants, Inc. ................. 6,200 83,762 Domino's Pizza, Inc. .................. 3,500 84,700 IHOP Corp. ............................ 2,300 107,893 Lone Star Steakhouse & Saloon, Inc. ... 2,073 49,213 Landry's Restaurants, Inc. ............ 2,000 53,420 Ryan's Restaurant Group, Inc. (a)...... 4,829 58,238 Triarc Cos., Inc. (Class B)............ 4,951 73,522 ----------- 606,147 ----------- RETAIL -- 0.2% AFC Enterprises, Inc. (a).............. 2,400 36,288 Ruddick Corp. ......................... 4,100 87,248 Weis Markets, Inc. .................... 900 38,736 ----------- 162,272 ----------- RETAIL (DEPARTMENT STORES) -- 0.4% Dillards, Inc. (Class A)............... 7,386 183,321 Saks, Inc. (a)......................... 13,711 231,167 ----------- 414,488 ----------- RETAIL (DISCOUNTERS) -- 0.3% Big Lots, Inc. (a)..................... 12,438 149,381 Dress Barn, Inc. (a)................... 2,484 95,907 ----------- 245,288 ----------- RETAIL (SPECIALTY APPAREL) -- 0.6% Brown Shoe Co., Inc. .................. 2,000 84,860 Buckle, Inc. .......................... 1,000 32,240 Burlington Coat Factory Warehouse Corp. ............................... 2,300 92,483 Charming Shoppes, Inc. (a)............. 11,520 152,064 DEB Shops, Inc. ....................... 600 17,838 Stage Stores, Inc. .................... 3,200 95,296 The Cato Corp. (Class A)............... 3,621 77,670 ----------- 552,451 -----------
See accompanying notes to financial statements. 127 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RETAIL (SPECIALTY) -- 1.8% Asbury Automotive Group, Inc. (a)...... 1,800 $ 29,628 Blockbuster, Inc. (Class A)............ 20,120 75,450 Borders Group, Inc. ................... 7,906 171,323 Casey's General Stores, Inc. .......... 5,066 125,637 Cash America International, Inc. ...... 3,300 76,527 CSK Auto Corp. (a)..................... 4,600 69,368 Group 1 Automotive, Inc. (a)........... 2,400 75,432 Inergy Holdings LP..................... 1,100 39,622 Inergy LP.............................. 3,800 98,534 Jo-Ann Stores, Inc. (a)................ 2,500 29,500 Lithia Motors, Inc. (Class A).......... 1,700 53,448 Longs Drug Stores Corp. ............... 3,200 116,448 Movado Group, Inc. .................... 2,100 38,430 Nu Skin Enterprises, Inc. (Class A).... 6,100 107,238 OfficeMax, Inc. ....................... 7,000 177,520 Pier 1 Imports, Inc. .................. 9,216 80,456 School Specialty, Inc. (a)............. 2,600 94,744 Smart & Final, Inc. (a)................ 1,400 18,032 Sonic Automotive, Inc. (Class A)....... 3,400 75,752 The Pep Boys -- Manny, Moe & Jack...... 5,432 80,882 Zale Corp. (a)......................... 5,600 140,840 ----------- 1,774,811 ----------- RETAIL STORES (DRUG STORE) -- 0.2% Rite Aid Corp. (a)..................... 48,300 168,084 ----------- SAVINGS & LOAN COMPANIES -- 2.0% Anchor Bancorp Wisconsin, Inc. ........ 2,156 65,413 BankAtlantic Bancorp, Inc. (Class A)... 5,400 75,600 BankUnited Financial Corp. ............ 3,200 85,024 Brookline Bancorp, Inc. ............... 7,100 100,607 Capitol Federal Financial.............. 2,500 82,350 Charter Financial Corp. ............... 500 17,855 Clifton Savings Bancorp, Inc. ......... 1,600 16,096 Dime Community Bancshares.............. 3,879 56,672 Downey Financial Corp. ................ 2,300 157,297 Fidelity Bankshares, Inc. ............. 2,600 85,020 First Financial Holdings, Inc. ........ 1,400 43,008 First Place Financial Corp. ........... 1,700 40,885 FirstFed Financial Corp. (a)........... 1,900 103,588 Flagstar Bancorp, Inc. ................ 3,600 51,840 Flushing Financial Corp. .............. 2,000 31,140 Harbor Florida Bancshares, Inc. ....... 2,500 92,625 Kearny Financial Corp. ................ 2,500 30,500 MAF Bancorp, Inc. ..................... 3,500 144,830 Northwest Bancorp, Inc. ............... 2,400 51,024 OceanFirst Financial Corp. ............ 1,120 25,492 Partners Trust Financial Group, Inc. ................................ 4,700 56,635 PFF Bancorp, Inc. ..................... 2,600 79,352 Provident New York Bancorp............. 5,300 58,353 United Community Financial Corp. ...... 3,200 37,792 Washington Federal, Inc. .............. 9,382 215,692 Wauwatosa Holdings, Inc. (a)........... 1,200 13,728 World Acceptance Corp. (a)............. 1,900 54,150 WSFS Financial Corp. .................. 700 42,875 ----------- 1,915,443 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- SEMICONDUCTORS -- 0.1% Exar Corp. (a)......................... 4,040 $ 50,581 Veeco Instruments, Inc. (a)............ 3,019 52,319 ----------- 102,900 ----------- SERVICES (ADVERTISING/MARKETING) -- 0.1% Catalina Marketing Corp. .............. 4,900 124,215 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 3.2% ABM Industries, Inc. .................. 4,600 89,930 ADESA, Inc. ........................... 10,000 244,200 Avnet, Inc. (a)........................ 13,200 316,008 Banta Corp. ........................... 2,600 129,480 BearingPoint, Inc. (a)................. 18,300 143,838 CBIZ, Inc. (a)......................... 7,600 45,752 Central Parking Corp. ................. 2,100 28,812 Chemed Corp. .......................... 2,900 144,072 Compass Minerals International, Inc. ................................ 3,600 88,344 Deluxe Corp. .......................... 5,400 162,756 Dollar Thrifty Automotive Group (a).... 2,700 97,389 Forrester Research, Inc. (a)........... 1,638 30,712 Gartner, Inc. (a)...................... 6,100 78,690 Jackson Hewitt Tax Service, Inc. ...... 3,700 102,527 Laidlaw International, Inc. ........... 10,900 253,207 Landauer, Inc. ........................ 1,000 46,090 Lincoln Educational Services Corp. (a).................................. 500 7,130 Macquarie Infrastructure Co. Trust..... 2,800 86,240 McGrath Rentcorp....................... 2,300 63,940 NCO Group, Inc. (a).................... 3,404 57,596 Quanta Services, Inc. (a).............. 11,022 145,160 Service Corp. International............ 33,835 276,770 Sourcecorp, Inc. (a)................... 1,800 43,164 Stewart Enterprises, Inc. (Class A).... 11,149 60,316 Viad Corp. ............................ 2,582 75,730 Volt Information Sciences, Inc. (a).... 1,000 19,020 Washington Group International, Inc. ................................ 3,000 158,910 Watson Wyatt Worldwide, Inc. (Class A)................................... 4,800 133,920 ----------- 3,129,703 ----------- SERVICES (COMPUTER SYSTEMS) -- 0.1% Keane, Inc. (a)........................ 6,309 69,462 ----------- SERVICES (DATA PROCESSING) -- 0.2% CSG Systems International, Inc. (a).... 5,130 114,502 infoUSA, Inc. (a)...................... 4,100 44,813 ----------- 159,315 ----------- SERVICES (EMPLOYMENT) -- 0.4% CDI Corp. ............................. 1,500 41,100 Gevity HR, Inc. ....................... 3,100 79,732 Heidrick & Struggles International, Inc. (a)............................. 2,200 70,510 Kelly Services, Inc. (Class A)......... 2,200 57,684 MPS Group, Inc. (a).................... 10,982 150,124 ----------- 399,150 ----------- SHIPPING -- 0.3% American Commercial Lines, Inc. (a).... 1,000 30,290 Double Hull Tankers, Inc. (a).......... 1,900 25,023 General Maritime Corp. ................ 4,100 151,864
See accompanying notes to financial statements. 128 STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Horizon Lines, Inc. ................... 1,400 $ 16,982 Ship Finance International, Ltd. ...... 4,400 74,360 ----------- 298,519 ----------- SPECIALTY PRINTING -- 0.1% Bowne & Co., Inc. ..................... 4,127 61,245 Consolidated Graphics, Inc. (a)........ 1,400 66,276 ----------- 127,521 ----------- STEEL -- 1.8% AK Steel Holding Corp. (a)............. 11,978 95,225 Allegheny Technologies, Inc. .......... 9,000 324,720 Carpenter Technology Corp. ............ 2,500 176,175 Chaparral Steel Co. (a)................ 2,600 78,650 Cleveland-Cliffs, Inc. ................ 2,300 203,711 Gibraltar Industries, Inc. ............ 3,400 77,996 Oregon Steel Mills, Inc. (a)........... 4,000 117,680 Reliance Steel & Aluminum Co. ......... 3,100 189,472 Ryerson Tull, Inc. .................... 2,644 64,302 Schnitzer Steel Industries, Inc. (Class A)................................... 2,600 79,534 Steel Dynamics, Inc. .................. 4,900 173,999 Worthington Industries, Inc. .......... 7,709 148,090 ----------- 1,729,554 ----------- TELECOMMUNICATIONS -- 0.2% Audiovox Corp. (Class A) (a)........... 2,231 30,922 Commonwealth Telephone Enterprises, Inc. ................................ 2,400 81,048 RCN Corp. (a).......................... 4,200 98,490 ----------- 210,460 ----------- TELEPHONE -- 0.2% IDT Corp. (Class B) (a)................ 7,900 92,430 Iowa Telecommunications Services, Inc. ................................ 2,700 41,823 SureWest Communications................ 1,500 39,555 Valor Communications Group, Inc. ...... 4,400 50,160 ----------- 223,968 ----------- TEXTILES (APPAREL) -- 0.4% Kellwood Co. .......................... 3,168 75,652 Oxford Industries, Inc. ............... 1,600 87,520 Phillips-Van Heusen Corp. ............. 4,300 139,320 Russell Corp. ......................... 3,333 44,862 UniFirst Corp. ........................ 1,000 31,100 ----------- 378,454 ----------- TOBACCO -- 0.6% Loews Corp. (Carolina Group)........... 8,502 374,003 Universal Corp. ....................... 2,700 117,072 Vector Group, Ltd. .................... 2,400 43,608 ----------- 534,683 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- TRANSPORTATION -- 0.8% Alexander & Baldwin, Inc. ............. 4,800 $ 260,352 EGL, Inc. (a).......................... 3,400 127,738 Overseas Shipholding Group, Inc. ...... 3,200 161,248 Teekay Shipping Corp. ................. 5,300 211,470 ----------- 760,808 ----------- TRUCKING -- 1.0% Amerco, Inc. (a)....................... 1,000 72,050 Arkansas Best Corp. ................... 2,600 113,568 CNF, Inc. ............................. 5,800 324,162 Ryder Systems, Inc. ................... 7,000 287,140 SIRVA, Inc. (a)........................ 2,900 23,200 Werner Enterprises, Inc. .............. 6,574 129,508 ----------- 949,628 ----------- TRUCKS & PARTS -- 0.1% The Greenbrier Cos., Inc. ............. 1,400 39,760 Wabash National Corp. ................. 3,600 68,580 ----------- 108,340 ----------- WATER -- 0.2% American States Water Co. ............. 1,900 58,520 California Water Service Group......... 2,000 76,460 SJW Corp. ............................. 800 36,400 ----------- 171,380 ----------- TOTAL COMMON STOCKS -- (Cost $89,388,988)......................... 96,499,533 ----------- SHORT TERM INVESTMENTS -- 0.3% MONEY MARKET FUND -- 0.3% AIM Short Term Investment Class Prime Fund (Cost $263,440)................. 263,440 263,440 ----------- TOTAL INVESTMENTS -- 99.8% (Cost $89,652,428)......................... 96,762,973 OTHER ASSETS AND LIABILITIES -- 0.2% 214,128 ----------- NET ASSETS -- 100.0%................... $96,977,101 =========== (a) Non-income producing security
See accompanying notes to financial statements. 129 STREETTRACKS DJ GLOBAL TITANS ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.8% FINLAND -- 1.3% Nokia OYJ ADR......................... 63,297 $ 1,158,335 ----------- FRANCE -- 2.3% Total SA ADR.......................... 16,372 2,069,421 ----------- GERMANY -- 1.1% Siemens AG ADR........................ 11,914 1,019,719 ----------- ITALY -- 1.1% Eni SpA ADR........................... 7,248 1,010,806 ----------- JAPAN -- 2.5% Toyota Motor Corp. ADR................ 21,951 2,296,514 ----------- NETHERLANDS -- 1.1% ING Groep N.V. ADR.................... 28,328 986,381 ----------- SOUTH KOREA -- 1.4% Samsung Electronics Co., Ltd. GDR *... 3,900 1,285,050 ----------- SPAIN -- 1.0% Telefonica SA ADR..................... 20,803 936,551 ----------- SWITZERLAND -- 7.1% Nestle SA............................. 5,760 1,721,495 Novartis AG ADR....................... 35,424 1,859,052 Roche Holding AG...................... 10,029 1,504,789 UBS AG................................ 14,202 1,351,320 ----------- TOTAL SWITZERLAND..................... 6,436,656 ----------- UNITED KINGDOM -- 17.7% AstraZeneca PLC ADR................... 22,729 1,104,629 Barclays PLC ADR...................... 23,067 970,659 BP PLC ADR............................ 51,429 3,302,770 GlaxoSmithKline PLC ADR............... 41,568 2,098,353 HBOS PLC.............................. 55,811 952,482 HSBC Holdings PLC ADR................. 32,356 2,603,687 Royal Bank of Scotland Group PLC...... 45,620 1,376,005 Royal Dutch Shell PLC ADR............. 28,528 1,754,187 Vodafone Group PLC ADR................ 87,826 1,885,624 ----------- TOTAL UNITED KINGDOM.................. 16,048,396 ----------- UNITED STATES -- 63.2% Abbott Laboratories................... 22,247 877,199 Altria Group, Inc. ................... 29,525 2,206,108 American International Group, Inc. ... 32,576 2,222,661 AT&T, Inc. ........................... 56,052 1,372,714 Bank of America Corp. ................ 66,599 3,073,544 BellSouth Corp. ...................... 26,154 708,773 Chevron Corp. ........................ 32,118 1,823,339 Cisco Systems, Inc. (a)............... 93,951 1,608,441
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Citigroup, Inc. ...................... 74,304 $ 3,605,973 ConocoPhillips........................ 18,096 1,052,825 Dell, Inc. (a)........................ 31,253 937,277 Exxon Mobil Corp. .................... 90,819 5,101,303 General Electric Co. ................. 151,388 5,306,149 Intel Corp. .......................... 86,987 2,171,196 International Business Machines Corp. .............................. 22,780 1,872,516 Johnson & Johnson..................... 42,437 2,550,464 JPMorgan Chase & Co. ................. 50,264 1,994,978 Merck & Co., Inc. .................... 31,485 1,001,538 Microsoft Corp. ...................... 135,367 3,539,847 Morgan Stanley........................ 14,133 801,906 PepsiCo, Inc. ........................ 23,754 1,403,386 Pfizer, Inc. ......................... 106,161 2,475,675 Procter & Gamble Co. ................. 48,775 2,823,097 The Coca-Cola Co. .................... 31,635 1,275,207 The Walt Disney Co. .................. 28,648 686,693 Time Warner, Inc. .................... 62,976 1,098,301 Verizon Communications, Inc. ......... 39,483 1,189,228 Wal-Mart Stores, Inc. ................ 36,870 1,725,516 Wyeth................................. 19,058 878,002 ----------- TOTAL UNITED STATES................... 57,383,856 ----------- TOTAL COMMON STOCKS -- (Cost $87,317,888)........................ 90,631,685 ----------- SHORT TERM INVESTMENTS -- 0.0% (b) MONEY MARKET FUND -- 0.0% (b) AIM Short Term Investment Class Prime Fund (Cost $100).................... 100 100 ----------- TOTAL INVESTMENTS -- 99.8% (Cost $87,317,988).................. 90,631,785 OTHER ASSETS AND LIABILITIES -- 0.2% 221,111 ----------- NET ASSETS -- 100.0%.................. $90,852,896 =========== (a) Non-income producing security (b) Amount Shown represents less than 0.005% of net assets. * Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 1.4% of net assets as of December 31, 2005, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. ADR = American Depositary Receipt GDR = Global Depositary Receipt
See accompanying notes to financial statements. 130 STREETTRACKS DJ WILSHIRE REIT ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.4% REAL ESTATE INVESTMENT TRUST -- 99.4% Acadia Realty Trust................ 89,957 $ 1,803,638 Affordable Residential Communities...................... 96,045 915,309 Alexandria Real Estate Equities, Inc. ............................ 72,931 5,870,945 AMB Property Corp. ................ 277,025 13,621,319 American Campus Communities, Inc. ............................ 53,872 1,336,026 Amli Residential Properties Trust............................ 82,416 3,135,929 Apartment Investment & Management Co. (Class A).................... 306,834 11,619,804 Archstone-Smith Trust.............. 687,294 28,790,746 Arden Realty, Inc. ................ 216,213 9,692,829 Associated Estates Realty Corp. ... 55,808 504,504 Avalonbay Communities, Inc. ....... 235,732 21,039,081 Bedford Property Investors, Inc. ............................ 49,322 1,082,125 BioMed Realty Trust, Inc. ......... 144,525 3,526,410 Boston Properties, Inc. ........... 364,763 27,039,881 Boykin Lodging Co. (a)............. 56,445 689,758 Brandywine Realty Trust............ 182,087 5,082,048 BRE Properties, Inc. (Class A)..... 164,613 7,486,599 Camden Property Trust.............. 167,722 9,714,458 CarrAmerica Realty Corp. .......... 187,806 6,503,722 CBL & Associates Properties, Inc. ............................ 194,506 7,684,932 Cedar Shopping Centers, Inc. ...... 92,419 1,300,335 Centerpoint Properties Corp. ...... 156,479 7,742,581 Colonial Properties Trust.......... 145,227 6,096,629 Corporate Office Properties Trust............................ 128,385 4,562,803 Cousins Properties, Inc. .......... 130,923 3,705,121 Crescent Real Estate Equities Co. ............................. 322,192 6,385,845 Developers Diversified Realty Corp. ........................... 351,493 16,527,201 Digital Realty Trust, Inc. ........ 88,517 2,003,140 Duke Realty Corp. ................. 463,373 15,476,658 EastGroup Properties, Inc. ........ 71,095 3,210,650 Education Realty Trust, Inc. ...... 71,395 920,282 Equity Inns, Inc. ................. 171,187 2,319,584 Equity Lifestyle Properties, Inc. ............................ 68,192 3,034,544 Equity Office Properties Trust..... 1,318,231 39,981,946 Equity One, Inc. .................. 124,054 2,868,128 Equity Residential................. 930,906 36,417,043 Essex Property Trust, Inc. ........ 67,912 6,261,486 Federal Realty Investment Trust.... 170,003 10,310,682 FelCor Lodging Trust, Inc. ........ 151,564 2,608,416 First Industrial Realty Trust, Inc. ............................ 140,117 5,394,504 First Potomac Realty Trust......... 63,070 1,677,662 General Growth Properties, Inc. ... 723,992 34,020,384 Glenborough Realty Trust, Inc. .... 116,839 2,114,786 Glimcher Realty Trust.............. 115,079 2,798,721 GMH Communities Trust.............. 124,703 1,934,144 Heritage Property Investment Trust............................ 86,246 2,880,616 Highwoods Properties, Inc. ........ 173,897 4,947,370 Home Properties of New York, Inc. ............................ 102,142 4,167,394 Hospitality Properties Trust....... 215,957 8,659,876 Host Marriott Corp. ............... 1,055,825 20,007,884 HRPT Properties Trust.............. 680,237 7,040,453 Innkeepers USA Trust............... 137,391 2,198,256 Kilroy Realty Corp. ............... 92,084 5,700,000 Kimco Realty Corp. ................ 692,005 22,199,520 Kite Realty Group Trust............ 89,623 1,386,468 LaSalle Hotel Properties........... 114,579 4,207,341
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Liberty Property Trust............. 286,094 $ 12,259,128 Macerich Co. ...................... 191,773 12,875,639 Mack-Cali Realty Corp. ............ 199,152 8,603,366 Maguire Properties, Inc. .......... 110,376 3,410,618 MeriStar Hospitality Corp. (a)..... 282,876 2,659,034 Mid-America Apartment Communities, Inc. ............................ 70,489 3,418,716 Mills Corp. ....................... 173,863 7,291,814 New Plan Excel Realty Trust........ 331,479 7,683,683 Pan Pacific Retail Properties, Inc. ............................ 131,695 8,809,079 Parkway Properties, Inc. .......... 45,625 1,831,388 Pennsylvania Real Estate Investment Trust............................ 109,097 4,075,864 Post Properties, Inc. ............. 132,086 5,276,836 Prentiss Properties Trust.......... 146,536 5,961,084 ProLogis........................... 786,070 36,725,190 PS Business Parks, Inc. ........... 53,151 2,615,029 Public Storage, Inc. .............. 286,772 19,420,200 Ramco-Gershenson Properties Trust............................ 54,488 1,452,105 Reckson Associates Realty Corp. ... 261,031 9,391,895 Regency Centers Corp. ............. 197,308 11,631,307 Saul Centers, Inc. ................ 35,689 1,288,373 Shurgard Storage Centers, Inc. (Class A)........................ 149,032 8,451,605 Simon Property Group, Inc. ........ 716,638 54,915,970 SL Green Realty Corp. ............. 131,680 10,059,035 Sovran Self Storage, Inc. ......... 51,207 2,405,193 Strategic Hotel Capital, Inc. ..... 96,391 1,983,727 Sun Communities, Inc. ............. 59,077 1,855,018 Sunstone Hotel Investors, Inc. .... 155,245 4,124,860 Tanger Factory Outlet Centers, Inc. ............................ 99,590 2,862,217 Taubman Centers, Inc. ............. 164,662 5,722,004 Town & Country Trust............... 53,433 1,806,570 Trizec Properties, Inc. ........... 299,739 6,870,018 U-Store-It Trust................... 145,531 3,063,428 United Dominion Realty Trust, Inc. ............................ 444,695 10,423,651 Vornado Realty Trust............... 426,230 35,577,418 Washington Real Estate Investment Trust............................ 135,351 4,107,903 Weingarten Realty Investors........ 268,685 10,158,980 Winston Hotels, Inc. .............. 85,388 845,341 ------------ TOTAL COMMON STOCKS -- (Cost $751,049,834).................... 802,121,802 ------------ SHORT TERM INVESTMENTS -- 0.2% MONEY MARKET FUND -- 0.2% AIM Short Term Investment Class Prime Fund (Cost $1,620,682)................ 1,620,682 1,620,682 ------------ TOTAL INVESTMENTS -- 99.6% (Cost $752,670,516).................... 803,742,484 OTHER ASSETS AND LIABILITIES -- 0.4%.............. 3,631,676 ------------ NET ASSETS -- 100.0%............... $807,374,160 ============ (a) Non-income producing security
See accompanying notes to financial statements. 131 STREETTRACKS KBW BANK ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.7% BANKS (MAJOR REGIONAL) -- 44.3% Bank of America Corp. ................ 104,086 $ 4,803,569 Comerica, Inc. ....................... 17,032 966,736 Fifth Third Bancorp................... 38,145 1,438,829 Keycorp............................... 35,493 1,168,785 National City Corp. .................. 44,011 1,477,449 PNC Financial Services Group.......... 23,168 1,432,477 SunTrust Banks, Inc. ................. 23,933 1,741,365 U.S. Bancorp.......................... 72,841 2,177,218 Wachovia Corp. ....................... 41,960 2,218,006 Wells Fargo & Co. .................... 70,914 4,455,527 ----------- 21,879,961 ----------- BANKS (REGIONAL) -- 12.6% BB&T Corp. ........................... 38,188 1,600,459 M&T Bank Corp. ....................... 10,870 1,185,374 North Fork Bancorp, Inc. ............. 40,445 1,106,575 Regions Financial Corp. .............. 37,150 1,269,044 Zions Bancorp......................... 13,747 1,038,723 ----------- 6,200,175 ----------- CONSUMER FINANCE -- 3.2% Capital One Financial Corp. .......... 18,408 1,590,451 ----------- FINANCIAL (DIVERSIFIED) -- 31.9% Citigroup, Inc. ...................... 105,169 5,103,852 JPMorgan Chase & Co. ................. 121,404 4,818,525 Mellon Financial Corp. ............... 39,202 1,342,668
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- Northern Trust Corp. ................. 24,018 $ 1,244,613 State Street Corp. (a)................ 28,109 1,558,363 The Bank of New York Co., Inc. ....... 52,363 1,667,761 ----------- 15,735,782 ----------- SAVINGS & LOAN COMPANIES -- 7.7% Golden West Financial Corp. .......... 23,761 1,568,226 Washington Mutual, Inc. .............. 51,064 2,221,284 ----------- 3,789,510 ----------- TOTAL COMMON STOCKS -- (Cost $48,801,597)........................ 49,195,879 ----------- SHORT TERM INVESTMENTS -- 0.2% MONEY MARKET FUND -- 0.2% AIM Short Term Investment Class Prime Fund (Cost $102,539)..................... 102,539 102,539 ----------- TOTAL INVESTMENTS -- 99.9% (Cost $48,904,136).................. 49,298,418 OTHER ASSETS AND LIABILITIES -- 0.1%................. 43,735 ----------- NET ASSETS -- 100.0%.................. $49,342,153 =========== (a) Affiliated Issuer (Note 3)
See accompanying notes to financial statements. 132 STREETTRACKS KBW CAPITAL MARKETS ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 100.0% BANKS (REGIONAL) -- 1.6% Investors Financial Services Corp. ... 25,714 $ 947,046 ----------- FINANCIAL (DIVERSIFIED) -- 27.9% Archipelago Holdings, Inc. (a)........ 18,306 911,090 Chicago Mercantile Exchange Holdings, Inc. ............................... 7,397 2,718,324 Mellon Financial Corp. ............... 73,708 2,524,499 Nasdaq Stock Market, Inc. (a)......... 36,501 1,284,105 Northern Trust Corp. ................. 42,648 2,210,019 SEI Investments Co. .................. 30,036 1,111,332 State Street Corp. (b)................ 46,534 2,579,845 The Bank of New York Co., Inc. ....... 107,304 3,417,632 ----------- 16,756,846 ----------- INVESTMENT BANKING/BROKERAGE -- 54.1% AG Edwards, Inc. ..................... 26,866 1,258,941 Ameritrade Holding Corp. (a).......... 104,054 2,497,296 E*TRADE Financial Corp. (a)........... 91,498 1,908,648 Goldman Sachs Group, Inc. ............ 46,464 5,933,918 Lehman Brothers Holdings, Inc. ....... 25,971 3,328,703 Merrill Lynch & Co., Inc. ............ 84,969 5,754,950 Morgan Stanley........................ 91,965 5,218,094 Raymond James Financial, Inc. ........ 31,605 1,190,560 The Bear Stearns Cos., Inc. .......... 24,330 2,810,845 The Charles Schwab Corp. ............. 177,649 2,606,111 ----------- 32,508,066 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- INVESTMENT MANAGEMENT -- 16.4% Alliance Capital Management Holding LP.................................. 27,001 $ 1,525,287 Franklin Resources, Inc. ............. 28,140 2,645,441 Janus Capital Group, Inc. ............ 72,536 1,351,346 Legg Mason, Inc. ..................... 19,080 2,283,685 T. Rowe Price Group, Inc. ............ 27,762 1,999,697 ----------- 9,805,456 ----------- TOTAL COMMON STOCKS -- (Cost $59,338,041)........................ 60,017,414 ----------- SHORT TERM INVESTMENTS -- 0.0%(c) MONEY MARKET FUND -- 0.0%(c) AIM Short Term Investment Class Prime Fund (Cost $16,461)...................... 16,461 16,461 ----------- TOTAL INVESTMENTS -- 100.0% (Cost $59,354,502).................. 60,033,875 OTHER ASSETS AND LIABILITIES -- 0.0% (c)......... 26,416 ----------- NET ASSETS -- 100.0%.................. $60,060,291 =========== (a) Non-income producing security (b) Affiliated Issuer (Note 3) (c) Amount shown represents less than 0.005% of net assets.
See accompanying notes to financial statements. 133 STREETTRACKS KBW INSURANCE ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.8% INSURANCE (FINANCIAL GUARANTEE) -- 5.6% MBIA, Inc. ........................... 32,399 $ 1,949,124 MGIC Investment Corp. ................ 24,268 1,597,320 ----------- 3,546,444 ----------- INSURANCE (LIFE/HEALTH) -- 21.8% AFLAC, Inc. .......................... 56,822 2,637,677 Lincoln National Corp. ............... 37,087 1,966,724 Principal Financial Group, Inc. ...... 57,086 2,707,589 Prudential Financial, Inc. ........... 56,858 4,161,437 UnumProvident Corp. .................. 100,309 2,282,030 ----------- 13,755,457 ----------- INSURANCE (MULTI-LINE) -- 40.8% ACE, Ltd. ............................ 52,166 2,787,751 American International Group, Inc. ... 82,161 5,605,845 Cincinnati Financial Corp. ........... 38,926 1,739,214 Genworth Financial, Inc. (Class A).... 57,500 1,988,350 MetLife, Inc. ........................ 83,177 4,075,673 The Allstate Corp. ................... 78,290 4,233,140 The Hartford Financial Services Group, Inc. ............................... 40,047 3,439,637 XL Capital, Ltd. (Class A)............ 26,891 1,811,915 ----------- 25,681,525 ----------- INSURANCE (PROPERTY/CASUALTY) -- 19.4% Chubb Corp. .......................... 29,412 2,872,082 Fidelity National Financial, Inc. .... 41,951 1,543,377
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- SAFECO Corp. ......................... 30,767 $ 1,738,335 The Progressive Corp. ................ 27,580 3,220,792 The St. Paul Travelers Cos., Inc. .... 63,465 2,834,982 ----------- 12,209,568 ----------- INSURANCE BROKERS -- 8.7% Aon Corp. ............................ 73,566 2,644,698 Marsh & McLennan Cos., Inc. .......... 88,945 2,824,893 ----------- 5,469,591 ----------- REINSURANCE -- 3.5% Axis Capital Holdings, Ltd. .......... 26,900 841,432 Everest Re Group, Ltd. ............... 13,600 1,364,760 ----------- 2,206,192 ----------- TOTAL COMMON STOCKS -- (Cost $63,104,087)........................ 62,868,777 ----------- SHORT TERM INVESTMENTS -- 0.1% MONEY MARKET FUND -- 0.1% AIM Short Term Investment Class Prime Fund (Cost $58,065)................. 58,065 58,065 ----------- TOTAL INVESTMENTS -- 99.9% (Cost $63,162,152)........................ 62,926,842 OTHER ASSETS AND LIABILITIES -- 0.1%................. 62,075 ----------- NET ASSETS -- 100.0%.................. $62,988,917 ===========
See accompanying notes to financial statements. 134 STREETTRACKS MORGAN STANLEY TECHNOLOGY ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 100.0% CELLULAR/WIRELESS TELECOMMUNICATIONS -- 3.0% Motorola, Inc. .................... 210,218 $ 4,748,825 ------------ COMMUNICATIONS EQUIPMENT -- 11.4% Avaya, Inc. (a).................... 444,323 4,740,926 Nokia OYJ ADR...................... 254,183 4,651,549 Nortel Networks Corp. (a).......... 1,453,713 4,448,362 QUALCOMM, Inc. .................... 104,803 4,514,913 ------------ 18,355,750 ------------ COMPUTER SOFTWARE/SERVICES -- 28.5% eBay, Inc. (a)..................... 102,387 4,428,238 Electronic Arts, Inc. (a).......... 88,133 4,610,237 Google, Inc. (a)................... 10,960 4,546,865 Infosys Technologies, Ltd.......... 59,000 4,770,740 Intuit, Inc. (a)................... 88,601 4,722,433 Microsoft Corp. ................... 174,978 4,575,675 Oracle Corp. (a)................... 371,203 4,532,389 SAP AG ADR......................... 101,682 4,582,808 Symantec Corp. (a)................. 275,700 4,824,750 Yahoo!, Inc. (a)................... 111,345 4,362,497 ------------ 45,956,632 ------------ COMPUTERS (HARDWARE) -- 11.4% Apple Computer, Inc. (a)........... 65,900 4,737,551 Dell, Inc. (a)..................... 144,437 4,331,666 Hewlett-Packard Co. ............... 162,840 4,662,109 International Business Machines Corp. ........................... 56,526 4,646,437 ------------ 18,377,763 ------------ COMPUTERS (NETWORKING) -- 5.8% Cisco Systems, Inc. (a)............ 268,336 4,593,912 Juniper Networks, Inc. (a)......... 215,670 4,809,441 ------------ 9,403,353 ------------ COMPUTERS (PERIPHERALS) -- 5.6% EMC Corp. (a)...................... 343,579 4,679,546 Network Appliance, Inc. (a)........ 157,696 4,257,792 ------------ 8,937,338 ------------ ELECTRONICS (COMPONENT DISTRIBUTION) -- 3.1% Jabil Circuit, Inc. (a)............ 134,100 4,973,769 ------------ ELECTRONICS (SEMICONDUCTORS) -- 14.1% Broadcom Corp. (Class A) (a)....... 96,127 4,532,388 Intel Corp. ....................... 178,567 4,457,032 Maxim Integrated Products, Inc. ... 125,152 4,535,509 NVIDIA Corp. (a)................... 127,850 4,674,196 Texas Instruments, Inc. ........... 142,378 4,566,062 ------------ 22,765,187 ------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- EQUIPMENT (SEMICONDUCTORS) -- 2.8% Applied Materials, Inc. ........... 248,824 $ 4,463,902 ------------ RETAIL (SPECIALTY) -- 2.8% Amazon.com, Inc. (a)............... 95,753 4,514,754 ------------ SERVICES (COMMERCIAL & CONSUMER) -- 5.8% Accenture, Ltd. (Class A).......... 164,880 4,760,086 VeriSign, Inc. (a)................. 205,800 4,511,136 ------------ 9,271,222 ------------ SERVICES (DATA PROCESSING) -- 5.7% Automatic Data Processing, Inc. ... 101,084 4,638,745 First Data Corp. .................. 107,292 4,614,629 ------------ 9,253,374 ------------ TOTAL COMMON STOCKS -- (Cost $161,069,678).................... 161,021,869 ------------ SHORT TERM INVESTMENTS -- 0.0% (B) MONEY MARKET FUND -- 0.0% (B) AIM Short Term Investment Class Prime Fund (Cost $40,572)................... 40,572 40,572 ------------ TOTAL INVESTMENTS -- 100.0% (Cost $161,110,250).............. 161,062,441 OTHER ASSETS AND LIABILITIES -- 0.0% (B) (9,921) ------------ NET ASSETS -- 100.0%............... $161,052,520 ============ (a) Non-income producing security (b) Amount shown represents less than 0.005% of net assets. ADR = American Depositary Receipt
See accompanying notes to financial statements. 135 SPDR DIVIDEND ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.5% BANKS (MAJOR REGIONAL) -- 9.9% Bank of America Corp. ................. 19,102 $ 881,557 Comerica, Inc. ........................ 13,326 756,384 Keycorp................................ 23,649 778,762 U.S. Bancorp........................... 26,400 789,096 ----------- 3,205,799 ----------- BANKS (REGIONAL) -- 15.8% AmSouth Bancorp........................ 29,632 776,655 Associated BancCorp. .................. 20,273 659,886 BB&T Corp. ............................ 17,000 712,470 Fifth Third Bancorp.................... 19,200 724,224 First Horizon National Corp. .......... 24,009 922,906 Mercantile Bankshares Corp. ........... 8,746 493,624 Regions Financial Corp. ............... 24,117 823,837 ----------- 5,113,602 ----------- BEVERAGES (ALCOHOLIC) -- 1.5% Anheuser-Busch Cos., Inc. ............. 11,431 491,076 ----------- BEVERAGES (NON-ALCOHOLIC) -- 1.6% The Coca-Cola Co. ..................... 12,431 501,094 ----------- CHEMICALS (DIVERSIFIED) -- 3.6% PPG Industries, Inc. .................. 10,447 604,881 Rohm & Haas Co. ....................... 11,575 560,462 ----------- 1,165,343 ----------- CHEMICALS (SPECIALTY) -- 2.0% RPM, Inc. ............................. 37,296 647,831 ----------- COMPUTER SOFTWARE/SERVICES -- 1.3% Diebold, Inc. ......................... 11,400 433,200 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 1.2% SUPERVALU, Inc. ....................... 12,091 392,716 ----------- ELECTRIC UTILITIES -- 7.9% Black Hills Corp. ..................... 19,462 673,580 Consolidated Edison, Inc. ............. 22,306 1,033,437 WPS Resources Corp. ................... 15,354 849,229 ----------- 2,556,246 ----------- ELECTRICAL EQUIPMENT -- 1.4% Emerson Electric Co. .................. 6,095 455,296 ----------- FOOD PRODUCTS -- 4.7% ConAgra Foods, Inc. ................... 49,999 1,013,980 Lancaster Colony Corp. ................ 13,799 511,253 ----------- 1,525,233 ----------- HAND/MACHINE TOOLS -- 1.5% The Stanley Works...................... 10,175 488,807 ----------- HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 9.6% Abbott Laboratories.................... 15,375 606,236 Eli Lilly & Co. ....................... 11,367 643,259 Merck & Co., Inc. ..................... 34,179 1,087,234 Pfizer, Inc. .......................... 33,981 792,437 ----------- 3,129,166 ----------- HEALTH CARE (MEDICAL EQUIPMENT/SUPPLIES) -- 1.5% Hillenbrand Industries, Inc. .......... 9,615 475,077 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 1.3% Johnson & Johnson...................... 7,144 $ 429,354 ----------- HOUSEHOLD FURNISHINGS & APPLIANCES -- 3.5% La-Z-Boy, Inc. ........................ 44,700 606,132 Leggett & Platt, Inc. ................. 22,821 523,970 ----------- 1,130,102 ----------- HOUSEHOLD PRODUCTS (NON-DURABLE) -- 4.5% Kimberly-Clark Corp. .................. 10,455 623,641 Procter & Gamble Co. .................. 6,867 397,462 The Clorox Co. ........................ 7,903 449,601 ----------- 1,470,704 ----------- INSURANCE (LIFE/HEALTH) -- 1.9% Jefferson-Pilot Corp. ................. 10,955 623,668 ----------- MANUFACTURING (DIVERSIFIED) -- 3.0% 3M Co. ................................ 5,507 426,792 General Electric Co. .................. 15,798 553,720 ----------- 980,512 ----------- NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 12.5% National Fuel Gas Co. ................. 21,828 680,815 Northwest Natural Gas Co. ............. 23,445 801,350 Piedmont Natural Gas Co., Inc. ........ 34,024 822,020 Vectren Corp. ......................... 33,232 902,581 WGL Holdings, Inc. .................... 28,541 857,943 ----------- 4,064,709 ----------- RESTAURANTS -- 1.2% McDonald's Corp. ...................... 11,300 381,036 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 2.7% ABM Industries, Inc. .................. 18,722 366,015 Avery Dennison Corp. .................. 9,287 513,292 ----------- 879,307 ----------- TELEPHONE -- 1.4% ALLTEL Corp. .......................... 7,067 445,928 ----------- TEXTILES (APPAREL) -- 1.2% V. F. Corp. ........................... 7,155 395,958 ----------- TOBACCO -- 2.8% Altria Group, Inc. .................... 12,230 913,826 ----------- TOTAL COMMON STOCKS -- (Cost $32,090,501)......................... 32,295,590 ----------- SHORT TERM INVESTMENTS -- 0.2% MONEY MARKET FUND -- 0.2% AIM Short Term Investment Class Prime Fund (Cost $47,301).................. 47,301 47,301 ----------- TOTAL INVESTMENTS -- 99.7% (Cost $32,137,802)................... 32,342,891 OTHER ASSETS AND LIABILITIES -- 0.3%.................. 112,826 ----------- NET ASSETS -- 100.0%................... $32,455,717 ===========
See accompanying notes to financial statements. 136 SPDR O-STRIP ETF SCHEDULE OF INVESTMENTS DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMMON STOCKS -- 99.9% BANKS (MAJOR REGIONAL) -- 0.3% Huntington Bancshares, Inc. .......... 5,598 $ 132,952 ----------- BANKS (REGIONAL) -- 2.2% Compass Bancshares, Inc. ............. 3,017 145,691 Fifth Third Bancorp................... 13,603 513,105 Zions Bancorp......................... 2,568 194,038 ----------- 852,834 ----------- BIOTECHNOLOGY -- 10.5% Amgen, Inc. (a)....................... 30,163 2,378,654 Biogen Idec, Inc. (a)................. 8,279 375,287 Chiron Corp. (a)...................... 2,703 120,176 Genzyme Corp. (a)..................... 6,312 446,763 Gilead Sciences, Inc. (a)............. 11,224 590,719 MedImmune, Inc. (a)................... 6,042 211,591 ----------- 4,123,190 ----------- BROADCASTING (TV, RADIO & CABLE) -- 3.5% Comcast Corp. (Class A) (a)........... 53,125 1,379,125 ----------- CHEMICALS (SPECIALTY) -- 0.3% Sigma-Aldrich Corp. .................. 1,668 105,568 ----------- COMMUNICATIONS EQUIPMENT -- 5.7% ADC Telecommunications, Inc. (a)...... 2,892 64,607 Andrew Corp. (a)...................... 3,904 41,890 CIENA Corp. (a)....................... 14,513 43,104 Comverse Technology, Inc. (a)......... 4,941 131,381 JDS Uniphase Corp. (a)................ 40,890 96,501 QUALCOMM, Inc. ....................... 40,202 1,731,902 Tellabs, Inc. (a)..................... 11,118 121,186 ----------- 2,230,571 ----------- COMPUTER SOFTWARE/SERVICES -- 30.0% Adobe Systems, Inc. .................. 14,709 543,645 Autodesk, Inc. ....................... 5,688 244,300 Citrix Systems, Inc. (a).............. 4,362 125,538 Compuware Corp. (a)................... 9,502 85,233 eBay, Inc. (a)........................ 27,938 1,208,318 Electronic Arts, Inc. (a)............. 7,307 382,229 Intuit, Inc. (a)...................... 4,327 230,629 Mercury Interactive Corp. (a)......... 2,124 59,026 Microsoft Corp. ...................... 224,031 5,858,411 Novell, Inc. (a)...................... 9,406 83,055 Oracle Corp. (a)...................... 91,993 1,123,235 Parametric Technology Corp. (a)....... 6,538 39,882 Siebel Systems, Inc. ................. 12,921 136,704 Symantec Corp. (a).................... 26,585 465,237 Yahoo!, Inc. (a)...................... 30,915 1,211,250 ----------- 11,796,692 ----------- COMPUTERS (HARDWARE) -- 9.0% Apple Computer, Inc. (a).............. 20,589 1,480,143 Dell, Inc. (a)........................ 57,558 1,726,165 Sun Microsystems, Inc. (a)............ 83,428 349,563 ----------- 3,555,871 ----------- COMPUTERS (NETWORKING) -- 6.5% Cisco Systems, Inc. (a)............... 150,257 2,572,400 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- COMPUTERS (PERIPHERALS) -- 0.6% Network Appliance, Inc. (a)........... 9,086 $ 245,322 ----------- DISTRIBUTORS (FOOD & HEALTH) -- 0.3% Patterson Cos., Inc. (a).............. 3,361 112,257 ----------- ELECTRICAL EQUIPMENT -- 0.2% American Power Conversion Corp. ...... 4,304 94,688 ----------- ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.1% Sanmina-SCI Corp. (a)................. 13,225 56,339 ----------- ELECTRONICS (INSTRUMENT) -- 0.2% Molex, Inc. .......................... 3,490 90,566 ----------- ELECTRONICS (SEMICONDUCTORS) -- 13.3% Altera Corp. (a)...................... 8,824 163,509 Applied Micro Circuits Corp. (a)...... 7,200 18,504 Broadcom Corp. (Class A) (a).......... 7,117 335,566 Intel Corp. .......................... 147,547 3,682,773 Linear Technology Corp. .............. 7,496 270,381 Maxim Integrated Products, Inc. ...... 7,969 288,797 NVIDIA Corp. (a)...................... 4,194 153,333 PMC-Sierra, Inc. (a).................. 4,758 36,684 QLogic Corp. (a)...................... 1,944 63,199 Xilinx, Inc. ......................... 8,503 214,361 ----------- 5,227,107 ----------- EQUIPMENT (SEMICONDUCTORS) -- 2.6% Applied Materials, Inc. .............. 39,708 712,361 KLA-Tencor Corp. ..................... 4,837 238,609 Novellus Systems, Inc. (a)............ 3,196 77,088 ----------- 1,028,058 ----------- FINANCIAL (DIVERSIFIED) -- 0.6% Northern Trust Corp. ................. 4,552 235,885 ----------- HEALTH CARE (MANAGED CARE) -- 0.8% Express Scripts, Inc. (Class A) (a)... 3,533 296,065 ----------- HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 0.6% Biomet, Inc. ......................... 6,073 222,090 ----------- INSURANCE (MULTI-LINE) -- 0.5% Cincinnati Financial Corp. ........... 4,280 191,230 ----------- INSURANCE (PROPERTY/CASUALTY) -- 0.4% SAFECO Corp. ......................... 3,041 171,816 ----------- INVESTMENT BANKING/BROKERAGE -- 1.0% The Charles Schwab Corp. ............. 25,324 371,503 ----------- INVESTMENT MANAGEMENT -- 0.6% T. Rowe Price Group, Inc. ............ 3,173 228,551 ----------- RESTAURANTS -- 1.4% Starbucks Corp. (a)................... 18,837 565,298 ----------- RETAIL -- 0.7% Whole Foods Market, Inc. ............. 3,400 263,126 ----------- RETAIL (DISCOUNTERS) -- 1.5% Costco Wholesale Corp. ............... 11,590 573,357 ----------- RETAIL (GENERAL MERCHANDISING CHAIN) -- 0.7% Sears Holdings Corp. (a).............. 2,456 283,742 -----------
See accompanying notes to financial statements. 137 SPDR O-STRIP ETF SCHEDULE OF INVESTMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- RETAIL (SPECIALTY) -- 2.6% Amazon.com, Inc. (a).................. 7,539 $ 355,464 Bed Bath & Beyond, Inc. (a)........... 7,279 263,136 Staples, Inc. ........................ 17,940 407,417 ----------- 1,026,017 ----------- SERVICES (COMMERCIAL & CONSUMER) -- 1.7% Apollo Group, Inc. (a)................ 3,535 213,726 Cintas Corp. ......................... 3,350 137,953 Paychex, Inc. ........................ 8,101 308,810 ----------- 660,489 ----------- SERVICES (DATA PROCESSING) -- 0.5% Fiserv, Inc. (a)...................... 4,481 193,893 ----------- SERVICES (EMPLOYMENT) -- 0.3% Monster Worldwide, Inc. (a)........... 3,044 124,256 ----------- TRUCKS & PARTS -- 0.7% PACCAR, Inc. ......................... 4,184 289,658 ----------- TOTAL COMMON STOCKS -- (Cost $41,994,038)........................ 39,300,516 -----------
SECURITY DESCRIPTION SHARES VALUE - -------------------- ------ ----- SHORT TERM INVESTMENTS -- 0.1% MONEY MARKET FUND -- 0.1% AIM Short Term Investment Class Prime Fund (Cost $22,310)................. 22,310 $ 22,310 ----------- TOTAL INVESTMENTS -- 100.0% (Cost $42,016,348).................. 39,322,826 OTHER ASSETS AND LIABILITIES -- 0.0% (B)............. 17,490 ----------- NET ASSETS -- 100.0%.................. $39,340,316 =========== (a) Non-income producing security (b) Amount shown represents less than 0.005% of net assets.
See accompanying notes to financial statements. 138 (This page intentionally left blank) 139 STREETTRACKS SERIES TRUST STATEMENTS OF ASSETS AND LIABILITIES DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE TOTAL MARKET LARGE CAP LARGE CAP GROWTH ETF ETF ETF ------------- ------------- ---------------- ASSETS Investments in securities of unaffiliated issuers, at value (Note 2).......................................... $103,285,380 $14,333,473 $142,699,269 Investments in securities of affiliated issuers, at value (Note 3)................................................ 131,337 21,344 435,758 ------------ ----------- ------------ Total Investments....................................... 103,416,717 14,354,817 143,135,027 Cash...................................................... -- -- -- Foreign currency.......................................... -- -- -- Receivable for investments sold........................... -- -- 644,302 Dividends receivable (Note 2)............................. 143,050 16,338 90,005 ------------ ----------- ------------ TOTAL ASSETS....................................... 103,559,767 14,371,155 143,869,334 ------------ ----------- ------------ LIABILITIES Payable for investments purchased......................... -- -- 477,603 Due to custodian.......................................... -- -- -- Accrued advisory fee (Note 3)............................. 18,509 2,214 24,589 Accrued trustees fee (Note 3)............................. 1,418 149 1,593 ------------ ----------- ------------ TOTAL LIABILITIES.................................. 19,927 2,363 503,785 ------------ ----------- ------------ NET ASSETS......................................... $103,539,840 $14,368,792 $143,365,549 ============ =========== ============ NET ASSETS REPRESENTED BY: Paid in capital (Note 4).................................. $104,660,768 $14,194,343 $154,481,214 Undistributed (distribution in excess of) net investment income.................................................. 2,572 (386) (37,815) Accumulated net realized gain (loss) on investments and foreign currency transactions........................... (11,054,557) 3,222 (17,762,387) Net unrealized appreciation (depreciation) on: Investments............................................. 9,931,057 171,613 6,684,537 Foreign currency........................................ -- -- -- ------------ ----------- ------------ NET ASSETS......................................... $103,539,840 $14,368,792 $143,365,549 ============ =========== ============ NET ASSET VALUE PER STREETTRACKS SHARE Net asset value per streetTRACKS share.................... $ 90.03 $ 57.48 $ 49.43 ============ =========== ============ Shares outstanding (unlimited amount authorized, $0.01 par value).................................................. 1,150,111 250,000 2,900,111 ============ =========== ============ Investments in securities, at cost........................ $ 93,485,660 $14,183,204 $136,450,490 ============ =========== ============ Foreign currency, at cost................................. $ -- $ -- $ -- ============ =========== ============
See accompanying notes to financial statements. 140 - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE LARGE CAP VALUE MID CAP MID CAP GROWTH MID CAP VALUE SMALL CAP SMALL CAP GROWTH ETF ETF ETF ETF ETF ETF --------------- ------------- -------------- ------------- ------------- ---------------- $98,167,436 $25,515,057 $25,263,643 $26,195,930 $24,349,889 $69,512,649 -- -- -- -- -- -- ----------- ----------- ----------- ----------- ----------- ----------- 98,167,436 25,515,057 25,263,643 26,195,930 24,349,889 69,512,649 -- 46 -- -- -- 398 -- -- -- -- -- -- 301,114 78,176 130,430 -- 21,744 180,914 180,887 29,817 15,838 43,896 32,588 36,987 ----------- ----------- ----------- ----------- ----------- ----------- 98,649,437 25,623,096 25,409,911 26,239,826 24,404,221 69,730,948 ----------- ----------- ----------- ----------- ----------- ----------- 435,130 -- 77,085 -- -- -- -- -- -- -- -- -- 16,881 5,472 5,408 5,605 4,562 14,951 1,301 284 283 291 212 851 ----------- ----------- ----------- ----------- ----------- ----------- 453,312 5,756 82,776 5,896 4,774 15,802 ----------- ----------- ----------- ----------- ----------- ----------- $98,196,125 $25,617,340 $25,327,135 $26,233,930 $24,399,447 $69,715,146 =========== =========== =========== =========== =========== =========== $99,409,471 $25,066,207 $24,721,431 $25,706,534 $24,345,765 $65,505,754 7,946 5,544 1,081 9,532 3,039 (8,325) (4,833,881) 17,082 28,133 8,660 (898) (3,445,293) 3,612,589 528,507 576,490 509,204 51,541 7,663,010 -- -- -- -- -- -- ----------- ----------- ----------- ----------- ----------- ----------- $98,196,125 $25,617,340 $25,327,135 $26,233,930 $24,399,447 $69,715,146 =========== =========== =========== =========== =========== =========== $ 70.13 $ 51.23 $ 56.28 $ 52.47 $ 54.22 $ 82.01 =========== =========== =========== =========== =========== =========== 1,400,222 500,000 450,000 500,000 450,000 850,100 =========== =========== =========== =========== =========== =========== $94,554,847 $24,986,550 $24,687,153 $25,686,726 $24,298,348 $61,849,639 =========== =========== =========== =========== =========== =========== $ -- $ -- $ -- $ -- $ -- $ -- =========== =========== =========== =========== =========== ===========
141 STREETTRACKS SERIES TRUST STATEMENTS OF ASSETS AND LIABILITIES (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
DJ WILSHIRE DJ DJ SMALL CAP VALUE GLOBAL TITANS WILSHIRE REIT ETF ETF ETF --------------- ------------- ------------- ASSETS Investments in securities of unaffiliated issuers, at value (Note 2).......................................... $96,762,973 $90,631,785 $803,742,484 Investments in securities of affiliated issuers, at value (Note 3)................................................ -- -- -- ----------- ----------- ------------ Total Investments....................................... 96,762,973 90,631,785 803,742,484 Cash...................................................... -- -- 271 Foreign currency.......................................... -- 124,417 -- Receivable for investments sold........................... -- 672,814 -- Dividends receivable (Note 2)............................. 236,700 181,449 3,819,027 ----------- ----------- ------------ TOTAL ASSETS....................................... 96,999,673 91,610,465 807,561,782 ----------- ----------- ------------ LIABILITIES Payable for investments purchased......................... -- 392,256 -- Due to custodian.......................................... -- 325,091 -- Accrued advisory fee (Note 3)............................. 21,288 39,021 176,882 Accrued trustees fee (Note 3)............................. 1,284 1,201 10,740 ----------- ----------- ------------ TOTAL LIABILITIES.................................. 22,572 757,569 187,622 ----------- ----------- ------------ NET ASSETS......................................... $96,977,101 $90,852,896 $807,374,160 =========== =========== ============ NET ASSETS REPRESENTED BY: Paid in capital (Note 4).................................. $89,369,702 $93,834,618 $757,947,884 Undistributed (distribution in excess of) net investment income.................................................. 155,175 (18,712) 2,269,525 Accumulated net realized gain (loss) on investments and foreign currency transactions........................... 341,679 (6,271,032) (3,915,217) Net unrealized appreciation (depreciation) on: Investments............................................. 7,110,545 3,313,797 51,071,968 Foreign currency........................................ -- (5,775) -- ----------- ----------- ------------ NET ASSETS......................................... $96,977,101 $90,852,896 $807,374,160 =========== =========== ============ NET ASSET VALUE PER STREETTRACKS SHARE Net asset value per streetTRACKS share.................... $ 60.58 $ 64.89 $ 67.52 =========== =========== ============ Shares outstanding (unlimited amount authorized, $0.01 par value).................................................. 1,600,810 1,400,151 11,956,749 =========== =========== ============ Investments in securities, at cost........................ $89,652,428 $87,317,988 $752,670,516 =========== =========== ============ Foreign currency, at cost................................. $ -- $ 128,751 $ -- =========== =========== ============
See accompanying notes to financial statements. 142 - --------------------------------------------------------------------------------
KBW KBW KBW MORGAN STANLEY SPDR SPDR BANK CAPITAL MARKETS INSURANCE TECHNOLOGY DIVIDEND O-STRIP ETF ETF ETF ETF ETF ETF ----------- --------------- ----------- -------------- ----------- ----------- $47,740,055 $57,454,030 $62,926,842 $161,062,441 $32,342,891 $39,322,826 1,558,363 2,579,845 -- -- -- -- ----------- ----------- ----------- ------------ ----------- ----------- 49,298,418 60,033,875 62,926,842 161,062,441 32,342,891 39,322,826 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 266,439 60,120 45,167 80,866 58,558 121,588 30,005 ----------- ----------- ----------- ------------ ----------- ----------- 49,358,538 60,079,042 63,007,708 161,120,999 32,464,479 39,619,270 ----------- ----------- ----------- ------------ ----------- ----------- -- -- -- -- -- 263,126 -- -- -- -- -- -- 15,806 18,065 18,082 67,143 8,368 15,192 579 686 709 1,336 394 636 ----------- ----------- ----------- ------------ ----------- ----------- 16,385 18,751 18,791 68,479 8,762 278,954 ----------- ----------- ----------- ------------ ----------- ----------- $49,342,153 $60,060,291 $62,988,917 $161,052,520 $32,455,717 $39,340,316 =========== =========== =========== ============ =========== =========== $48,958,471 $59,377,925 $63,155,161 $208,183,871 $32,250,369 $42,398,086 (412) 2,026 3,370 (15,913) 1,130 (1,980) (10,188) 967 65,696 (47,067,629) (871) (362,268) 394,282 679,373 (235,310) (47,809) 205,089 (2,693,522) -- -- -- -- -- -- ----------- ----------- ----------- ------------ ----------- ----------- $49,342,153 $60,060,291 $62,988,917 $161,052,520 $32,455,717 $39,340,316 =========== =========== =========== ============ =========== =========== $ 51.94 $ 54.60 $ 52.49 $ 51.95 $ 54.09 $ 52.45 =========== =========== =========== ============ =========== =========== 950,000 1,100,000 1,200,000 3,100,102 600,000 750,000 =========== =========== =========== ============ =========== =========== $48,904,136 $59,354,502 $63,162,152 $161,110,250 $32,137,802 $42,016,348 =========== =========== =========== ============ =========== =========== $ -- $ -- $ -- $ -- $ -- $ -- =========== =========== =========== ============ =========== ===========
143 STREETTRACKS SERIES TRUST STATEMENTS OF OPERATIONS FOR THE SIX MONTHS ENDED DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE TOTAL MARKET LARGE CAP LARGE CAP GROWTH ETF ETF* ETF ------------ ----------- ---------------- INVESTMENT INCOME Dividend income on securities of unaffiliated issuers (Note 2)................................................ $ 977,900 $ 30,881 $ 543,513 Dividend income on securities of affiliated issuers (Note 3)...................................................... 933 73 1,493 Foreign taxes withheld.................................... -- (3) -- ---------- -------- ---------- TOTAL INVESTMENT INCOME................................... 978,833 30,951 545,006 ---------- -------- ---------- EXPENSES Advisory fee (Note 3)..................................... 108,408 3,250 115,354 Trustees fee (Note 3)..................................... 4,974 241 6,096 ---------- -------- ---------- TOTAL EXPENSES BEFORE WAIVERS............................. 113,382 3,491 121,450 Expenses waived by Adviser (Note 3)....................... -- -- -- ---------- -------- ---------- NET EXPENSES.............................................. 113,382 3,491 121,450 ---------- -------- ---------- NET INVESTMENT INCOME (LOSS).............................. 865,451 27,460 423,556 ---------- -------- ---------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on: Investments in securities of unaffiliated issuers....... 1,826,783 3,222 890,676 Investments in securities of affiliated issuers......... 1,801 -- (27) Foreign currency transactions........................... -- -- -- Net change in unrealized appreciation (depreciation) on: Investments............................................. 4,124,941 171,613 4,299,481 Foreign currency........................................ -- -- -- ---------- -------- ---------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY............................... 5,953,525 174,835 5,190,130 ---------- -------- ---------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................................................ $6,818,976 $202,295 $5,613,686 ========== ======== ==========
* For the period November 8, 2005 (commencement of operations) to December 31, 2005. See accompanying notes to financial statements. 144 - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE LARGE CAP VALUE MID CAP MID CAP GROWTH MID CAP VALUE SMALL CAP SMALL CAP GROWTH ETF ETF* ETF* ETF* ETF* ETF --------------- ----------- -------------- ------------- ----------- ---------------- $1,456,344 $ 60,801 $ 22,544 $ 99,193 $45,268 $ 192,066 -- -- -- -- -- -- (59) -- -- -- (25) (153) ---------- -------- -------- -------- ------- ---------- 1,456,285 60,801 22,544 99,193 45,243 191,913 ---------- -------- -------- -------- ------- ---------- 104,186 7,716 7,697 7,906 5,775 75,135 2,595 453 454 464 298 2,781 ---------- -------- -------- -------- ------- ---------- 106,781 8,169 8,151 8,370 6,073 77,916 -- -- -- -- -- -- ---------- -------- -------- -------- ------- ---------- 106,781 8,169 8,151 8,370 6,073 77,916 ---------- -------- -------- -------- ------- ---------- 1,349,504 52,632 14,393 90,823 39,170 113,997 ---------- -------- -------- -------- ------- ---------- 5,599,584 17,082 28,133 8,660 (898) 3,619,383 -- -- -- -- -- -- -- -- -- -- -- -- (1,732,591) 528,507 576,490 509,204 51,541 1,190,420 -- -- -- -- -- -- ---------- -------- -------- -------- ------- ---------- 3,866,993 545,589 604,623 517,864 50,643 4,809,803 ---------- -------- -------- -------- ------- ---------- $5,216,497 $598,221 $619,016 $608,687 $89,813 $4,923,800 ========== ======== ======== ======== ======= ==========
145 STREETTRACKS SERIES TRUST STATEMENTS OF OPERATIONS (CONTINUED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
DJ WILSHIRE DJ SMALL CAP VALUE DJ GLOBAL WILSHIRE ETF TITANS ETF REIT ETF --------------- ------------- ----------- INVESTMENT INCOME Dividend income on securities of unaffiliated issuers (Note 2)................................................ $1,107,603 $1,137,194 $21,213,489 Dividend income on securities of affiliated issuers (Note 3)...................................................... -- -- -- Foreign taxes withheld.................................... (244) (17,706) -- ---------- ---------- ----------- TOTAL INVESTMENT INCOME................................... 1,107,359 1,119,488 21,213,489 ---------- ---------- ----------- EXPENSES Advisory fee (Note 3)..................................... 119,053 243,124 999,320 Trustees fee (Note 3)..................................... 2,435 4,751 25,243 ---------- ---------- ----------- TOTAL EXPENSES BEFORE WAIVERS............................. 121,488 247,875 1,024,563 Expenses waived by Adviser (Note 3)....................... -- -- -- ---------- ---------- ----------- NET EXPENSES.............................................. 121,488 247,875 1,024,563 ---------- ---------- ----------- NET INVESTMENT INCOME (LOSS).............................. 985,871 871,613 20,188,926 ---------- ---------- ----------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on: Investments in securities of unaffiliated issuers....... 3,422,900 2,032,097 71,922,266 Investments in securities of affiliated issuers......... -- -- -- Foreign currency transactions........................... -- 2,552 -- Net change in unrealized appreciation (depreciation) on: Investments............................................. 2,363,025 1,387,572 (41,009,158) Foreign currency........................................ -- (2,559) -- ---------- ---------- ----------- NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY............................... 5,785,925 3,419,662 30,913,108 ---------- ---------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS................................................ $6,771,796 $4,291,275 $51,102,034 ========== ========== ===========
* For the period November 8, 2005 (commencement of operations) to December 31, 2005. See accompanying notes to financial statements. 146 - --------------------------------------------------------------------------------
KBW KBW MORGAN STANLEY SPDR SPDR BANK KBW CAPITAL INSURANCE TECHNOLOGY DIVIDEND O-STRIP ETF* MARKETS ETF* ETF* ETF ETF* ETF -------- --------------- --------- -------------- --------- ---------- $146,316 $ 42,282 $ 167,648 $ 170,025 $200,078 $ 151,302 14,334 8,841 -- -- -- -- -- -- -- (14) -- -- -------- -------- --------- ----------- -------- ---------- 160,650 51,123 167,648 170,011 200,078 151,302 -------- -------- --------- ----------- -------- ---------- 22,075 26,161 27,021 182,322 15,002 89,461 920 1,117 1,173 3,602 667 2,404 -------- -------- --------- ----------- -------- ---------- 22,995 27,278 28,194 185,924 15,669 91,865 -- -- -- -- (2,144) -- -------- -------- --------- ----------- -------- ---------- 22,995 27,278 28,194 185,924 13,525 91,865 -------- -------- --------- ----------- -------- ---------- 137,655 23,845 139,454 (15,913) 186,553 59,437 -------- -------- --------- ----------- -------- ---------- 214,231 (396) 65,696 (2,425,520) (871) 2,955,491 5,224 1,363 -- -- -- -- -- -- -- -- -- -- 394,282 679,373 (235,310) 6,202,301 205,089 (842,426) -- -- -- -- -- -- -------- -------- --------- ----------- -------- ---------- 613,737 680,340 (169,614) 3,776,781 204,218 2,113,065 -------- -------- --------- ----------- -------- ---------- $751,392 $704,185 $ (30,160) $ 3,760,868 $390,771 $2,172,502 ======== ======== ========= =========== ======== ==========
147 streetTRACKS SERIES TRUST STATEMENTS OF CHANGES IN NET ASSETS - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE TOTAL MARKET LARGE CAP ETF ETF --------------------------- -------------- FOR THE SIX FOR THE PERIOD MONTHS ENDED 11/8/2005*- 12/31/2005 YEAR ENDED 12/31/2005 (UNAUDITED) 6/30/2005 (UNAUDITED) ------------ ------------ -------------- INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: Net investment income (loss).............................. $ 865,451 $ 2,316,802 $ 27,460 Net realized gain (loss) on investments and foreign currency transactions................................... 1,828,584 1,267,316 3,222 Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions........... 4,124,941 4,737,543 171,613 ------------ ------------ ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS.............................................. 6,818,976 8,321,661 202,295 ------------ ------------ ----------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income..................................... (922,445) (2,301,989) (27,846) Net realized gains........................................ -- -- -- ------------ ------------ ----------- TOTAL DISTRIBUTIONS TO SHAREHOLDERS....................... (922,445) (2,301,989) (27,846) ------------ ------------ ----------- STREETTRACKS TRANSACTIONS: Net proceeds from streetTRACKS sold....................... -- 16,833,103 14,194,343 Net proceeds from reinvestment of streetTRACKS distributions........................................... -- 415 -- Cost of streetTRACKS redeemed............................. (8,937,175) (29,501,927) -- ------------ ------------ ----------- NET INCREASE (DECREASE) IN NET ASSETS FROM STREETTRACKS TRANSACTIONS.............................................. (8,937,175) (12,668,409) 14,194,343 ------------ ------------ ----------- Net increase (decrease) in net assets during year......... (3,040,644) (6,648,737) 14,368,792 Net assets at beginning of year........................... 106,580,484 113,229,221 -- ------------ ------------ ----------- NET ASSETS END OF YEAR (1).................................. $103,539,840 $106,580,484 $14,368,792 ============ ============ =========== SHARES OF BENEFICIAL INTEREST: streetTRACKS sold......................................... -- 200,000 250,000 streetTRACKS issued in connection with stock splits....... -- -- -- streetTRACKS issued to shareholders from reinvestment of distributions........................................ -- 5 -- streetTRACKS redeemed..................................... (100,000) (350,000) -- ------------ ------------ ----------- NET INCREASE (DECREASE)..................................... (100,000) (149,995) 250,000 ============ ============ =========== (1) Including undistributed (distribution in excess of) net investment income..................................... $ 2,572 $ 59,566 $ (386) ============ ============ ===========
* Commencement of operations See accompanying notes to financial statements. 148 - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE LARGE CAP GROWTH LARGE CAP VALUE MID CAP MID CAP GROWTH ETF ETF ETF ETF --------------------------- --------------------------- -------------- -------------- FOR THE SIX FOR THE SIX FOR THE PERIOD FOR THE PERIOD MONTHS ENDED YEAR MONTHS ENDED 11/8/2005*- 11/8/2005*- 12/31/2005 ENDED 12/31/2005 YEAR ENDED 12/31/2005 12/31/2005 (UNAUDITED) 6/30/2005 (UNAUDITED) 6/30/2005 (UNAUDITED) (UNAUDITED) ------------- ----------- ------------ ------------ -------------- -------------- $ 423,556 $ 1,199,694 $ 1,349,504 $ 2,779,693 $ 52,632 $ 14,393 890,649 1,039,938 5,599,584 6,538,897 17,082 28,133 4,299,481 (2,972,867) (1,732,591) 3,054,540 528,507 576,490 ------------ ----------- ------------ ------------ ----------- ----------- 5,613,686 (733,235) 5,216,497 12,373,130 598,221 619,016 ------------ ----------- ------------ ------------ ----------- ----------- (469,779) (1,197,644) (1,453,935) (2,748,266) (47,088) (13,312) -- -- -- -- -- -- ------------ ----------- ------------ ------------ ----------- ----------- (469,779) (1,197,644) (1,453,935) (2,748,266) (47,088) (13,312) ------------ ----------- ------------ ------------ ----------- ----------- 87,551,761 23,287,331 -- 77,859,015 25,066,207 24,721,431 50 145 1,256 1,728 -- -- (30,311,356) (9,348,211) (41,023,379) (46,399,648) -- -- ------------ ----------- ------------ ------------ ----------- ----------- 57,240,455 13,939,265 (41,022,123) 31,461,095 25,066,207 24,721,431 ------------ ----------- ------------ ------------ ----------- ----------- 62,384,362 12,008,386 (37,259,561) 41,085,959 25,617,340 25,327,135 80,981,187 68,972,801 135,455,686 94,369,727 -- -- ------------ ----------- ------------ ------------ ----------- ----------- $143,365,549 $80,981,187 $98,196,125 $135,455,686 $25,617,340 $25,327,135 ============ =========== ============ ============ =========== =========== 1,800,000 500,000 -- 600,000 500,000 450,000 -- -- 750,102 -- -- -- 1 3 18 13 -- -- (650,000) (200,000) (350,000) (350,000) -- -- ------------ ----------- ------------ ------------ ----------- ----------- 1,150,001 300,003 400,120 250,013 500,000 450,000 ============ =========== ============ ============ =========== =========== $ (37,815) $ 8,408 $ 7,946 $ 112,377 $ 5,544 $ 1,081 ============ =========== ============ ============ =========== ===========
149 STREETTRACKS SERIES TRUST STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED) - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE MID CAP VALUE SMALL CAP SMALL CAP GROWTH ETF ETF ETF -------------- -------------- --------------------------- FOR THE PERIOD FOR THE PERIOD FOR THE SIX 11/8/2005*- 11/8/2005*- MONTHS ENDED 12/31/2005 12/31/2005 12/31/2005 YEAR ENDED (UNAUDITED) (UNAUDITED) (UNAUDITED) 6/30/2005 -------------- -------------- ------------ ------------ INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: Net investment income (loss)......................... $ 90,823 $ 39,170 $ 113,997 $ 237,580 Net realized gain (loss) on investments and foreign currency transactions.............................. 8,660 (898) 3,619,383 2,172,723 Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions... 509,204 51,541 1,190,420 1,686,995 ----------- ----------- ----------- ------------ NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS......................................... 608,687 89,813 4,923,800 4,097,298 ----------- ----------- ----------- ------------ DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income................................ (81,291) (36,131) (130,109) (231,092) Net realized gains................................... -- -- -- -- ----------- ----------- ----------- ------------ TOTAL DISTRIBUTIONS TO SHAREHOLDERS.................. (81,291) (36,131) (130,109) (231,092) ----------- ----------- ----------- ------------ STREETTRACKS TRANSACTIONS: Net proceeds from streetTRACKS sold.................. 25,706,534 24,345,765 11,738,729 3,611,237 Net proceeds from reinvestment of streetTRACKS distributions...................................... -- -- -- -- Cost of streetTRACKS redeemed........................ -- -- -- (10,238,405) ----------- ----------- ----------- ------------ NET INCREASE (DECREASE) IN NET ASSETS FROM STREETTRACKS TRANSACTIONS......................................... 25,706,534 24,345,765 11,738,729 (6,627,168) ----------- ----------- ----------- ------------ Net increase (decrease) in net assets during year.... 26,233,930 24,399,447 16,532,420 (2,760,962) Net assets at beginning of year...................... -- -- 53,182,726 55,943,688 ----------- ----------- ----------- ------------ NET ASSETS END OF YEAR (1)............................. $26,233,930 $24,399,447 $69,715,146 $ 53,182,726 =========== =========== =========== ============ SHARES OF BENEFICIAL INTEREST: streetTRACKS sold.................................... 500,000 450,000 150,000 50,000 streetTRACKS issued in connection with stock splits............................................. -- -- -- -- streetTRACKS issued to shareholders from reinvestment of distributions................................... -- -- -- -- streetTRACKS redeemed................................ -- -- -- (150,000) ----------- ----------- ----------- ------------ NET INCREASE (DECREASE)................................ 500,000 450,000 150,000 (100,000) =========== =========== =========== ============ (1) Including undistributed (distribution in excess of) net investment income............................ $ 9,532 $ 3,039 $ (8,325) $ 7,787 =========== =========== =========== ============
* Commencement of operations See accompanying notes to financial statements. 150 - --------------------------------------------------------------------------------
DJ WILSHIRE DJ GLOBAL DJ WILSHIRE SMALL CAP VALUE TITANS REIT ETF ETF ETF --------------------------- --------------------------- ----------------------------- FOR THE SIX FOR THE SIX FOR THE SIX MONTHS ENDED MONTHS ENDED MONTHS ENDED 12/31/2005 YEAR ENDED 12/31/2005 YEAR ENDED 12/31/2005 YEAR ENDED (UNAUDITED) 6/30/2005 (UNAUDITED) 6/30/2005 (UNAUDITED) 6/30/2005 ------------ ------------ ------------ ------------ ------------- ------------- $ 985,871 $ 1,800,801 $ 871,613 $ 2,337,305 $ 20,188,926 $ 25,585,546 3,422,900 7,843,730 2,034,649 (997,020) 71,922,266 37,862,596 2,363,025 (976,788) 1,385,013 3,407,654 (41,009,158) 91,226,313 ----------- ------------ ------------ ------------ ------------- ------------- 6,771,796 8,667,743 4,291,275 4,747,939 51,102,034 154,674,455 ----------- ------------ ------------ ------------ ------------- ------------- (1,041,364) (1,787,331) (901,099) (2,307,295) (21,958,585) (24,355,234) (3,178,795) (4,109,398) -- -- (5,390,964) -- ----------- ------------ ------------ ------------ ------------- ------------- (4,220,159) (5,896,729) (901,099) (2,307,295) (27,349,549) (24,355,234) ----------- ------------ ------------ ------------ ------------- ------------- 5,828,758 25,981,471 -- 43,268,643 443,249,092 409,443,014 13,279 12,716 454 1,193 133,493 156,225 -- (17,109,374) (19,441,414) (6,388,083) (318,983,809) (327,809,240) ----------- ------------ ------------ ------------ ------------- ------------- 5,842,037 8,884,813 (19,440,960) 36,881,753 124,398,776 81,789,999 ----------- ------------ ------------ ------------ ------------- ------------- 8,393,674 11,655,827 (16,050,784) 39,322,397 148,151,261 212,109,220 88,583,427 76,927,600 106,903,680 67,581,283 659,222,899 447,113,679 ----------- ------------ ------------ ------------ ------------- ------------- $96,977,101 $ 88,583,427 $90,852,896 $106,903,680 $807,374,160 $ 659,222,899 =========== ============ ============ ============ ============= ============= 100,193 150,000 -- 700,000 5,400,183 2,400,000 1,000,202 -- -- -- 7,802,988 -- 218 71 7 19 1,992 863 -- (100,000) (300,000) (100,000) (4,600,000) (1,950,000) ----------- ------------ ------------ ------------ ------------- ------------- 1,100,613 50,071 (299,993) 600,019 8,605,163 450,863 =========== ============ ============ ============ ============= ============= $ 155,175 $ 210,668 $ (18,712) $ 10,774 $ 2,269,525 $ 4,039,184 =========== ============ ============ ============ ============= =============
151 STREETTRACKS SERIES TRUST STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED) - --------------------------------------------------------------------------------
KBW KBW KBW BANK CAPITAL MARKETS INSURANCE ETF ETF ETF -------------- --------------- -------------- FOR THE PERIOD FOR THE PERIOD FOR THE PERIOD 11/8/2005*- 11/8/2005*- 11/8/2005*- 12/31/2005 12/31/2005 12/31/2005 (UNAUDITED) (UNAUDITED) (UNAUDITED) -------------- --------------- -------------- INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: Net investment income (loss).............................. $ 137,655 $ 23,845 $ 139,454 Net realized gain (loss) on investments and foreign currency transactions................................... 219,455 967 65,696 Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions........... 394,282 679,373 (235,310) ----------- ----------- ----------- NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS.............................................. 751,392 704,185 (30,160) ----------- ----------- ----------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income..................................... (138,067) (21,819) (136,084) Net realized gains........................................ -- -- -- ----------- ----------- ----------- TOTAL DISTRIBUTIONS TO SHAREHOLDERS....................... (138,067) (21,819) (136,084) ----------- ----------- ----------- STREETTRACKS TRANSACTIONS: Net proceeds from streetTRACKS sold....................... 53,972,922 59,377,925 63,155,161 Net proceeds from reinvestment of streetTRACKS distributions........................................... -- -- -- Cost of streetTRACKS redeemed............................. (5,244,094) -- -- ----------- ----------- ----------- NET INCREASE (DECREASE) IN NET ASSETS FROM STREETTRACKS TRANSACTIONS.............................................. 48,728,828 59,377,925 63,155,161 ----------- ----------- ----------- Net increase (decrease) in net assets during year......... 49,342,153 60,060,291 62,988,917 Net assets at beginning of year........................... -- -- -- ----------- ----------- ----------- NET ASSETS END OF YEAR (1).................................. $49,342,153 $60,060,291 $62,988,917 =========== =========== =========== SHARES OF BENEFICIAL INTEREST: streetTRACKS sold......................................... 1,050,000 1,100,000 1,200,000 streetTRACKS issued in connection with stock splits....... -- -- -- streetTRACKS issued to shareholders from reinvestment of distributions........................................... -- -- -- streetTRACKS redeemed..................................... (100,000) -- -- ----------- ----------- ----------- NET INCREASE (DECREASE)..................................... 950,000 1,100,000 1,200,000 =========== =========== =========== (1) Including undistributed(distributions in excess of) net investment income..................................... $ (412) $ 2,026 $ 3,370 =========== =========== ===========
* Commencement of operations See accompanying notes to financial statements. 152 - --------------------------------------------------------------------------------
MORGAN STANLEY SPDR TECHNOLOGY DIVIDEND SPDR O-STRIP ETF ETF ETF ----------------------------- -------------- ------------------------------ FOR THE SIX FOR THE PERIOD FOR THE SIX MONTHS ENDED 11/8/2005*- MONTHS ENDED FOR THE PERIOD 12/31/2005 YEAR ENDED 12/31/2005 12/31/2005 9/9/2004*- (UNAUDITED) 6/30/2005 (UNAUDITED) (UNAUDITED) 6/30/2005 ------------- ------------ -------------- ------------ -------------- $ (15,913) $ 62,613 $ 186,553 $ 59,437 $ 1,467,507 (2,425,520) (3,369,780) (871) 2,955,491 5,551,497 6,202,301 2,027,332 205,089 (842,426) (1,851,096) ------------ ------------ ----------- ------------ ------------ 3,760,868 (1,279,835) 390,771 2,172,502 5,167,908 ------------ ------------ ----------- ------------ ------------ -- (67,311) (185,423) (63,872) (1,465,052) -- -- -- (28,214) -- ------------ ------------ ----------- ------------ ------------ -- (67,311) (185,423) (92,086) (1,465,052) ------------ ------------ ----------- ------------ ------------ 126,745,266 18,874,090 32,250,369 24,548,077 136,830,818 -- -- -- -- -- -- (11,575,186) -- (57,096,063) (70,725,788) ------------ ------------ ----------- ------------ ------------ 126,745,266 7,298,904 32,250,369 (32,547,986) 66,105,030 ------------ ------------ ----------- ------------ ------------ 130,506,134 5,951,758 32,455,717 (30,467,570) 69,807,886 30,546,386 24,594,628 -- 69,807,886 -- ------------ ------------ ----------- ------------ ------------ $161,052,520 $ 30,546,386 $32,455,717 $39,340,316 $ 69,807,886 ============ ============ =========== ============ ============ 2,450,000 400,000 600,000 450,000 1,050,000 -- -- -- -- 800,000 -- -- -- -- -- -- (250,000) -- (1,100,000) (450,000) ------------ ------------ ----------- ------------ ------------ 2,450,000 150,000 600,000 (650,000) 1,400,000 ============ ============ =========== ============ ============ $ (15,913) $ -- $ 1,130 $ (1,980) $ 2,455 ============ ============ =========== ============ ============
153 STREETTRACKS SERIES TRUST FINANCIAL HIGHLIGHTS SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD - --------------------------------------------------------------------------------
DJ WILSHIRE TOTAL MARKET ETF ---------------------------------------------------------------------------- FOR THE SIX MONTHS ENDED YEAR YEAR YEAR YEAR FOR THE PERIOD 12/31/2005 ENDED ENDED ENDED ENDED 10/4/2000*- (UNAUDITED) 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/2001 ----------- --------- --------- --------- --------- -------------- NET ASSET VALUE, BEGINNING OF PERIOD (NOTE 7)............................... $ 85.26 $ 80.87 $ 69.97 $ 71.67 $ 87.13 $ 97.85 -------- -------- -------- ------- ------- ------- INCOME (LOSS) FROM INVESTMENT OPERATIONS: Net investment income.................... 0.72 1.69 1.17 1.05 1.02 0.72 Net realized and unrealized gain (loss) (5).................................... 4.82 4.38 10.89 (1.68) (15.49) (10.73) -------- -------- -------- ------- ------- ------- Total from investment operations......... 5.54 6.07 12.06 (0.63) (14.47) (10.01) -------- -------- -------- ------- ------- ------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income.................... (0.77) (1.68) (1.16) (1.07) (0.99) (0.71) Net realized gains....................... -- -- -- -- -- -- -------- -------- -------- ------- ------- ------- Total distributions...................... (0.77) (1.68) (1.16) (1.07) (0.99) (0.71) -------- -------- -------- ------- ------- ------- NET ASSET VALUE, END OF PERIOD........... $ 90.03 $ 85.26 $ 80.87 $ 69.97 $ 71.67 $ 87.13 ======== ======== ======== ======= ======= ======= TOTAL RETURN (1)......................... 6.51% 7.55% 17.31% (0.77)% (16.69)% (10.22)% Net assets, end of period (in 000's)..... $103,540 $106,580 $113,229 $80,474 $75,264 $47,933 Ratio of expenses to average net assets................................. 0.21%(2) 0.21% 0.22% 0.24% 0.23% 0.21%(2) Ratio of net investment income (loss) to average net assets..................... 1.60%(2) 2.05% 1.59% 1.65% 1.25% 1.06%(2) Portfolio turnover rate (3).............. 1% 32% 5% 6% 6% 6%
See accompanying notes to Financial Highlights on page 164 and notes to financial statements. 154 - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE LARGE CAP ETF LARGE CAP GROWTH ETF -------------- -------------------------------------------------------------------------------- FOR THE FOR THE PERIOD SIX MONTHS 11/8/2005*- ENDED YEAR YEAR YEAR YEAR FOR THE PERIOD 12/31/2005 12/31/2005 ENDED ENDED ENDED ENDED 9/25/2000*- (UNAUDITED) (UNAUDITED) 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/2001 -------------- ----------- ---------- ---------- ---------- ---------- -------------- $ 56.03 $ 46.27 $ 47.56 $ 40.98 $ 41.07 $ 60.81 $ 97.36 ------- -------- ------- ------- ------- ------- ------- 0.11 0.17 0.71 0.23 0.24(4) 0.16 0.06 1.45 3.16 (1.29) 6.60 (0.10) (19.77) (36.55) ------- -------- ------- ------- ------- ------- ------- 1.56 3.33 (0.58) 6.83 0.14 (19.61) (36.49) ------- -------- ------- ------- ------- ------- ------- (0.11) (0.17) (0.71) (0.25) (0.23) (0.13) (0.06) -- -- -- -- -- -- -- ------- -------- ------- ------- ------- ------- ------- (0.11) (0.17) (0.71) (0.25) (0.23) (0.13) (0.06) ------- -------- ------- ------- ------- ------- ------- $ 57.48 $ 49.43 $ 46.27 $ 47.56 $ 40.98 $ 41.07 $ 60.81 ======= ======== ======= ======= ======= ======= ======= 2.78% 7.22% (1.25)% 16.70% 0.38% (32.29)% (37.48)% $14,369 $143,366 $80,981 $68,973 $22,542 $16,431 $24,330 0.21%(2) 0.21%(2) 0.21% 0.21% 0.23% 0.25% 0.22%(2) 1.66%(2) 0.73%(2) 1.57% 0.59% 0.64% 0.32% 0.10%(2) 0% 39% 21% 20% 37% 18% 16%
155 STREETTRACKS SERIES TRUST FINANCIAL HIGHLIGHTS SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD - --------------------------------------------------------------------------------
DJ WILSHIRE LARGE CAP VALUE ETF ------------------------------------------------------------------------------------------- FOR THE SIX MONTHS ENDED FOR THE PERIOD 12/31/2005 YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 9/25/2000*- (UNAUDITED)(6) 6/30/2005(6) 6/30/2004(6) 6/30/2003(6) 6/30/2002(6) 6/30/2001(6) -------------- ------------ ------------ ------------ ------------ -------------- NET ASSET VALUE, BEGINNING OF PERIOD (NOTE 7)....... $ 67.72 $ 62.91 $ 55.76 $ 55.69 $ 64.72 $ 64.74 ------- -------- ------- ------- ------- ------- INCOME (LOSS) FROM INVESTMENT OPERATIONS: Net investment income...... 0.95 1.70 1.51 1.34 1.17 0.85 Net realized and unrealized gain (loss) (5).......... 2.47 4.81 7.10 0.09 (9.05) (0.03) ------- -------- ------- ------- ------- ------- Total from investment operations............... 3.42 6.51 8.61 1.43 (7.88) 0.82 ------- -------- ------- ------- ------- ------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income...... (1.01) (1.70) (1.46) (1.36) (1.15) (0.84) Net realized gains......... -- -- -- -- -- -- ------- -------- ------- ------- ------- ------- Total distributions........ (1.01) (1.70) (1.46) (1.36) (1.15) (0.84) ------- -------- ------- ------- ------- ------- NET ASSET VALUE, END OF PERIOD................... $ 70.13 $ 67.72 $ 62.91 $ 55.76 $ 55.69 $ 64.72 ======= ======== ======= ======= ======= ======= TOTAL RETURN (1)........... 5.05% 10.43% 15.54% 2.87% (12.31)% 1.28% Net assets, end of period (in 000's)............... $98,196 $135,456 $94,370 $44,616 $38,989 $38,842 Ratio of expenses to average net assets....... 0.20%(2) 0.21% 0.21% 0.23% 0.24% 0.21%(2) Ratio of net investment income (loss) to average net assets............... 2.59%(2) 2.51% 2.72% 2.54% 1.81% 1.61%(2) Portfolio turnover rate (3)...................... 35% 19% 28% 33% 10% 12%
See accompanying notes to Financial Highlights on page 164 and notes to financial statements. 156 - --------------------------------------------------------------------------------
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE MID CAP MID CAP MID CAP SMALL CAP ETF GROWTH ETF VALUE ETF ETF -------------- -------------- -------------- -------------- FOR THE PERIOD FOR THE PERIOD FOR THE PERIOD FOR THE PERIOD 11/8/2005*- 11/8/2005*- 11/8/2005*- 11/8/2005*- 12/31/2005 12/31/2005 12/31/2005 12/31/2005 (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) -------------- -------------- -------------- -------------- $ 49.18 $ 53.95 $ 50.42 $ 52.42 ------- ------- ------- ------- 0.11 0.03 0.18 0.09 2.03 2.33 2.03 1.79 ------- ------- ------- ------- 2.14 2.36 2.21 1.88 ------- ------- ------- ------- (0.09) (0.03) (0.16) (0.08) -- -- -- -- ------- ------- ------- ------- (0.09) (0.03) (0.16) (0.08) ------- ------- ------- ------- $ 51.23 $ 56.28 $ 52.47 $ 54.22 ======= ======= ======= ======= 4.37% 4.38% 4.38% 3.59% $25,617 $25,327 $26,234 $24,399 0.26%(2) 0.26%(2) 0.26%(2) 0.26%(2) 0.17%(2) 0.46%(2) 2.82%(2) 1.66%(2) 2% 3% 1% 1%
157 STREETTRACKS SERIES TRUST FINANCIAL HIGHLIGHTS SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD - --------------------------------------------------------------------------------
DJ WILSHIRE SMALL CAP GROWTH ETF -------------------------------------------------------------------------------- FOR THE SIX MONTHS ENDED YEAR YEAR YEAR YEAR FOR THE PERIOD 12/31/2005 ENDED ENDED ENDED ENDED 9/25/2000*- (UNAUDITED) 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/01 ----------- ---------- ---------- ---------- ---------- -------------- NET ASSET VALUE, BEGINNING OF PERIOD (NOTE 7)............................ $ 75.96 $ 69.92 $ 53.55 $ 54.10 $ 79.15 $100.26 ------- ------- -------- ------- ------- ------- INCOME (LOSS) FROM INVESTMENT OPERATIONS: Net investment income (loss).......... 0.16 0.33 0.39(4) (0.02) 0.00+ (0.09) Net realized and unrealized gain (loss) (5).......................... 6.06 6.03 16.30 (0.53) (25.05) (21.02) ------- ------- -------- ------- ------- ------- Total from investment operations...... 6.22 6.36 16.69 (0.55) (25.05) (21.11) ------- ------- -------- ------- ------- ------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income................. (0.17) (0.32) (0.32) -- -- -- Net realized gains.................... -- -- -- -- -- -- ------- ------- -------- ------- ------- ------- Total distributions................... (0.17) (0.32) (0.32) -- -- -- ------- ------- -------- ------- ------- ------- NET ASSET VALUE, END OF PERIOD........ $ 82.01 $ 75.96 $ 69.92 $ 53.55 $ 54.10 $ 79.15 ======= ======= ======== ======= ======= ======= TOTAL RETURN (1)...................... 8.18% 9.13% 31.19% (1.02)% (31.64)% (21.07)% Net assets, end of period (in 000's).............................. $69,715 $53,183 $ 55,944 $18,747 $21,647 $19,794 Ratio of expenses to average net assets.............................. 0.26%(2) 0.26% 0.27% 0.29% 0.30% 0.30%(2) Ratio of net investment income (loss) to average net assets............... 0.38%(2) 0.46% 0.59% (0.04)% (0.22)% (0.22)%(2) Portfolio turnover rate (3)........... 81% 36% 63% 60% 46% 34%
See accompanying notes to Financial Highlights on page 164 and notes to financial statements. 158 - --------------------------------------------------------------------------------
DJ WILSHIRE SMALL CAP VALUE ETF ------------------------------------------------------------------------------------------- FOR THE SIX MONTHS ENDED FOR THE PERIOD 12/31/2005 YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 9/25/2000*- (UNAUDITED)(6) 6/30/2005(6) 6/30/2004(6) 6/30/2003(6) 6/30/2002(6) 6/30/2001(6) -------------- ------------ ------------ ------------ ------------ -------------- $ 59.03 $ 56.97 $ 45.07 $ 45.17 $ 42.98 $ 34.57 ------- ------- ------- ------- ------- ------- 0.64(4) 1.14(4) 0.91 1.26 0.96 0.80 3.57 4.55 12.92 0.14 3.82 8.36 ------- ------- ------- ------- ------- ------- 4.21 5.69 13.83 1.40 4.78 9.16 ------- ------- ------- ------- ------- ------- (0.67) (1.14) (0.75) (1.20) (1.01) (0.75) (1.99) (2.49) (1.18) (0.30) (1.58) -- ------- ------- ------- ------- ------- ------- (2.66) (3.63) (1.93) (1.50) (2.59) (0.75) ------- ------- ------- ------- ------- ------- $ 60.58 $ 59.03 $ 56.97 $ 45.07 $ 45.17 $ 42.98 ======= ======= ======= ======= ======= ======= 7.11% 10.07% 30.92% 3.57% 11.54% 26.69% $96,977 $88,583 $76,928 $33,813 $54,217 $25,803 0.26%(2) 0.26% 0.27% 0.29% 0.28% 0.28%(2) 2.07%(2) 2.00% 1.88% 2.76% 2.31% 2.70%(2) 84% 33% 54% 43% 29% 47%
159 STREETTRACKS SERIES TRUST FINANCIAL HIGHLIGHTS SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD - --------------------------------------------------------------------------------
DJ GLOBAL TITANS ETF -------------------------------------------------------------------------------- FOR THE SIX MONTHS FOR THE PERIOD ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 9/25/2000*- 12/31/2005 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/2001 (UNAUDITED ---------- ---------- ---------- ---------- -------------- NET ASSET VALUE, BEGINNING OF PERIOD (NOTE 7)............................ $ 62.88 $ 61.43 $ 54.04 $ 56.00 $ 70.60 $ 84.28 ------- -------- ------- ------- ------- ------- INCOME (LOSS) FROM INVESTMENT OPERATIONS: Net investment income................. 0.63 1.47 0.72 0.90(4) 0.62 0.57 Net realized and unrealized gain (loss) (5).......................... 2.02 1.44 7.60 (1.67) (14.63) (13.67) ------- -------- ------- ------- ------- ------- Total from investment operations...... 2.65 2.91 8.32 (0.77) (14.01) (13.10) ------- -------- ------- ------- ------- ------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income................. (0.64) (1.46) (0.93) (1.19) (0.59) (0.56) Net realized gains.................... -- -- -- -- -- -- Capital............................... -- -- -- -- -- (0.02) ------- -------- ------- ------- ------- ------- Total distributions................... (0.64) (1.46) (0.93) (1.19) (0.59) (0.58) ------- -------- ------- ------- ------- ------- NET ASSET VALUE, END OF PERIOD........ $ 64.89 $ 62.88 $ 61.43 $ 54.04 $ 56.00 $ 70.60 ======= ======== ======= ======= ======= ======= TOTAL RETURN (1)...................... 4.22% 4.75% 15.47% (1.21)% (19.92)% (15.54)% Net assets, end of period (in 000's).............................. $90,853 $106,904 $67,581 $10,814 $25,207 $21,189 Ratio of expenses to average net assets.............................. 0.51%(2) 0.51% 0.51% 0.54% 0.55% 0.52%(2) Ratio of net investment income (loss) to average net assets............... 1.79%(2) 2.47% 1.84% 1.77% 1.07% 0.87%(2) Portfolio turnover rate (3)........... 3% 36% 15% 13% 12% 16%
See accompanying notes to Financial Highlights on page 164 and notes to financial statements. 160 - --------------------------------------------------------------------------------
DJ WILSHIRE REIT ETF ----------------------------------------------------------------------------------------------- FOR THE SIX MONTHS ENDED FOR THE PERIOD 12/31/2005 YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 4/23/2001*- (UNAUDITED)(6) 6/30/2005(6) 6/30/2004(6) 6/30/2003(6) 6/30/2002(6) 6/30/2001(6) -------------- ------------- ------------- ------------- ------------- -------------- $ 65.56 $ 51.38 $ 42.59 $ 43.48 $ 40.24 $ 36.41 -------- -------- -------- -------- ------- ------- 1.71 2.98(4) 2.59(4) 2.09 2.73(4) 0.47 2.54 14.00 8.69 (0.79) 3.21 3.60 -------- -------- -------- -------- ------- ------- 4.25 16.98 11.28 1.30 5.94 4.07 -------- -------- -------- -------- ------- ------- (1.84) (2.80) (2.33) (2.05) (2.47) (0.24) (0.45) -- (0.16) (0.14) (0.23) -- -- -- -- -- -- -- -------- -------- -------- -------- ------- ------- (2.29) (2.80) (2.49) (2.19) (2.70) (0.24) -------- -------- -------- -------- ------- ------- $ 67.52 $ 65.56 $ 51.38 $ 42.59 $ 43.48 $ 40.24 ======== ======== ======== ======== ======= ======= 6.54% 33.64% 26.70% 3.41% 15.53% 11.22% $807,374 $659,223 $447,114 $121,398 $32,622 $18,121 0.26%(2) 0.26% 0.26% 0.28% 0.30% 0.32%(2) 5.05%(2) 5.06% 5.23% 6.95% 6.74% 6.88%(2) 6% 12% 15% 10% 15% 2%
161 STREETTRACKS SERIES TRUST FINANCIAL HIGHLIGHTS SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD - --------------------------------------------------------------------------------
KBW CAPITAL KBW KBW BANK ETF MARKETS ETF INSURANCE ETF -------------- -------------- -------------- FOR THE PERIOD FOR THE PERIOD FOR THE PERIOD 11/8/2005*- 11/8/2005*- 11/8/2005*- 12/31/2005 12/31/2005 12/31/2005 (UNAUDITED) (UNAUDITED) (UNAUDITED) -------------- -------------- -------------- NET ASSET VALUE, BEGINNING OF PERIOD (NOTE 7)............... $ 50.17 $ 53.07 $ 52.12 ------- ------- ------- INCOME (LOSS) FROM INVESTMENT OPERATIONS: Net investment income (loss)................................ 0.13 0.02 0.12 Net realized and unrealized gain (loss) (5)................. 1.77 1.53 0.36 ------- ------- ------- Total from investment operations............................ 1.90 1.55 0.48 ------- ------- ------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income....................................... (0.13) (0.02) (0.11) Net realized gains.......................................... -- -- -- ------- ------- ------- Total distributions......................................... (0.13) (0.02) (0.11) ------- ------- ------- NET ASSET VALUE, END OF PERIOD.............................. $ 51.94 $ 54.60 $ 52.49 ======= ======= ======= TOTAL RETURN (1)............................................ 3.80% 2.93% 0.93% Net assets, end of period (in 000's)........................ $49,342 $60,060 $62,989 Ratio of expenses to average net assets..................... 0.36%(2) 0.36%(2) 0.36%(2) Ratio of net investment income (loss) to average net assets.................................................... 2.14%(2) 0.31%(2) 1.77%(2) Portfolio turnover rate (3)................................. 2% 2% 10%
See accompanying notes to Financial Highlights on page 164 and notes to financial statements. 162 - --------------------------------------------------------------------------------
MORGAN STANLEY TECHNOLOGY ETF -------------------------------------------------------------------------------- FOR THE SIX MONTHS ENDED FOR THE PERIOD 12/31/2005 YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 9/25/2000*- (UNAUDITED) 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/2001 ----------- ---------- ---------- ---------- ---------- -------------- $ 46.99 $ 49.18 $ 36.67 $ 33.30 $ 58.17 $ 97.81 -------- ------- ------- ------- ------- ------- 0.00+ 0.11 (0.09)(4) (0.08) 0.00+ (0.13) 4.96 (2.19) 12.60 3.45 (24.87) (39.51) -------- ------- ------- ------- ------- ------- 4.96 (2.08) 12.51 3.37 (24.87) (39.64) -------- ------- ------- ------- ------- ------- -- (0.11) -- -- -- -- -- -- -- -- -- -- -------- ------- ------- ------- ------- ------- -- (0.11) -- -- -- -- -------- ------- ------- ------- ------- ------- $ 51.95 $ 46.99 $ 49.18 $ 36.67 $ 33.30 $ 58.17 ======== ======= ======= ======= ======= ======= 10.57% (4.25)% 34.11% 10.14% (42.77)% (40.52)% $161,053 $30,546 $24,595 $34,842 $53,276 $72,724 0.51%(2) 0.51% 0.52% 0.53% 0.54% 0.51%(2) (0.04)%(2) 0.24% (0.20)% (0.21)% (0.30)% (0.30)%(2) 43% 46% 17% 23% 37% 26%
163 STREETTRACKS SERIES TRUST FINANCIAL HIGHLIGHTS SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD - --------------------------------------------------------------------------------
SPDR SPDR DIVIDEND O-STRIP ETF ETF -------------- -------------------------- FOR THE FOR THE PERIOD SIX MONTHS FOR THE 11/8/2005*- ENDED PERIOD 12/31/2005 12/31/2005 9/9/2004*- (UNAUDITED) (UNAUDITED) 6/30/2005(7) -------------- ----------- ------------ NET ASSET VALUE, BEGINNING OF PERIOD (NOTE 7)............. $ 53.49 $ 49.86 $ 47.96 ------- ------- ------- INCOME (LOSS) FROM INVESTMENT OPERATIONS: Net investment income..................................... 0.31 0.06 1.42 Net realized and unrealized gain (loss) (5)............... 0.60 2.62 1.90 ------- ------- ------- Total from investment operations.......................... 0.91 2.68 3.32 ------- ------- ------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income..................................... (0.31) (0.06) (1.42) Net realized gains........................................ -- (0.03) -- ------- ------- ------- Total distributions....................................... (0.31) (0.09) (1.42) ------- ------- ------- NET ASSET VALUE, END OF PERIOD............................ $ 54.09 $ 52.45 $ 49.86 ======= ======= ======= TOTAL RETURN (1).......................................... 1.70% 5.38% 6.77% Net assets, end of period (in 000's)...................... $32,456 $39,340 $69,808 Ratio of expenses to average net assets................... 0.30%(2) 0.36%(2) 0.36%(2) Ratio of expense to average net assets before waivers..... 0.35%(2) -- -- Ratio of net investment income (loss) to average net assets.................................................. 4.27%(2) 0.23%(2) 3.25%(2) Portfolio turnover rate (3)............................... 14% 8% 8%
- --------------- * Commencement of operations + Amount is less than $0.005 per share. (1) Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. (2) Annualized (3) Portfolio Turnover rate excludes securities received or delivered from processing of creations or redemptions on streetTRACKS. (4) Per share numbers have been calculated using the average shares method. (5) The amounts shown at this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. (6) All per share information shown representing data prior to September 21, 2005 have been adjusted for the affect of stock splits which occurred on September 21, 2005, as follows: DJ Wilshire Large Cap Value ETF 2 for 1; DJ Wilshire Small Cap Value ETF and DJ Wilshire REIT ETF 3 for 1. (7) Beginning NAV and distributions to shareholders have been adjusted for the affect of a 3 for 1 stock split which occurred on June 15, 2005.
See accompanying notes to financial statements. 164 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- 1. ORGANIZATION The streetTRACKS Series Trust (the "Trust"), which is registered under the Investment Company Act of 1940, as amended, is an open-end investment management company that was organized as a Massachusetts business trust on June 12, 1998. The Trust currently consists of eighteen portfolios, (each referred to as a "Fund", collectively as "the Funds") streetTRACKS DJ Wilshire Total Market ETF (formerly, streetTRACKS Total Market ETF, formerly Fortune 500 Index Fund) ("DJ Wilshire Total Market ETF"), streetTRACKS DJ Wilshire Large Cap ETF ("DJ Wilshire Large Cap ETF"), streetTRACKS DJ Wilshire Large Cap Growth ETF (formerly, streetTRACKS Dow Jones U.S. Large Cap Growth Index Fund) ("DJ Wilshire Large Cap Growth ETF"), streetTRACKS DJ Wilshire Large Cap Value ETF (formerly, streetTRACKS Dow Jones U.S. Large Cap Value Index Fund) ("DJ Wilshire Large Cap Value ETF"), streetTRACKS DJ Wilshire Mid Cap ETF ("DJ Wilshire Mid Cap ETF"), streetTRACKS DJ Wilshire Mid Cap Growth ETF ("DJ Wilshire Mid Cap Growth ETF"), streetTRACKS DJ Wilshire Mid Cap Value ETF ("DJ Wilshire Mid Cap Value ETF"), streetTRACKS DJ Wilshire Small Cap ETF ("DJ Wilshire Small Cap ETF"), streetTRACKS DJ Wilshire Small Cap Growth ETF (formerly, streetTRACKS Dow Jones U.S. Small Cap Growth Index Fund) ("DJ Wilshire Small Cap Growth ETF"), streetTRACKS DJ Wilshire Small Cap Value ETF (formerly, streetTRACKS Dow Jones U.S. Small Cap Value Index Fund) ("DJ Wilshire Small Cap Value ETF"), streetTRACKS DJ Global Titans ETF (formerly, streetTRACKS Dow Jones Global Titans Index Fund) ("DJ Global Titans ETF"), streetTRACKS DJ Wilshire REIT ETF (formerly, streetTRACKS Wilshire REIT Index Fund) ("DJ Wilshire REIT ETF"), streetTRACKS KBW Bank ETF ("KBW Bank ETF"), streetTRACKS KBW Capital Markets ETF ("KBW Capital Markets ETF"), streetTRACKS KBW Insurance ETF ("KBW Insurance ETF"), streetTRACKS Morgan Stanley Technology ETF (formerly, streetTRACKS Morgan Stanley Technology Index Fund) ("Morgan Stanley Technology ETF"), SPDR Dividend ETF and SPDR O-Strip ETF, each of which represents a separate series of beneficial interest in the Trust. DJ Wilshire Large Cap ETF, DJ Wilshire Mid Cap ETF, DJ Wilshire Mid Cap Growth ETF, DJ Wilshire Mid Cap Value ETF, DJ Wilshire Small Cap ETF, KBW Bank ETF, KBW Capital Markets ETF, KBW Insurance ETF and SPDR Dividend ETF commenced operations on November 8, 2005. 2. SIGNIFICANT ACCOUNTING POLICIES The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements: The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. SECURITY VALUATION Portfolio securities are valued based on the last sale price on the exchange which is deemed to be the principal market for the security. Securities traded on the NASDAQ are valued at the NASDAQ official close price. Securities regularly traded in an over-the-counter market are valued at the latest quoted sale price in such market. Other portfolio securities and assets for which market quotations are not readily available are valued based on fair value as determined in good faith by Trust's Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. INVESTMENT INCOME Dividend income is recorded on the ex-dividend date. Interest income is recorded on the accrual basis. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities. EXPENSES Advisory fees, which are directly identifiable to a specific Fund, are applied to that Fund. Trustees fees are allocated in such a manner as deemed equitable, taking into consideration the relative net assets of the Funds. 165 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- INVESTMENT TRANSACTIONS Investment transactions are recorded on the trade date. Realized gains and losses from the sale or disposition of securities and foreign exchange transactions are recorded on the identified cost basis. Corporate actions (including cash dividends) are recorded net of non-reclaimable foreign tax withholdings. FOREIGN CURRENCY TRANSLATION AND FOREIGN INVESTMENTS The accounting records of the Funds are maintained in U.S. dollars. Portfolio securities and other assets and liabilities denominated in a foreign currency are translated to U.S. dollars at the prevailing rates of exchange at period end. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the prevailing exchange rate on the respective dates of transactions. The effects of changes in foreign currency exchange rates on portfolio investments are included in the net realized and unrealized gains and losses on investments. Net gains and losses on foreign currency transactions include disposition of foreign currencies, and currency gains and losses between the accrual and receipt dates of portfolio investment income and between the trade and settlement dates of portfolio investment transactions. Investing in securities of foreign companies and foreign governments involves special risks and considerations not typically associated with investing in U.S. companies and securities of the U.S. government. These risks include revaluation of currencies and the risk of appropriation. Moreover, the markets for securities of many foreign companies and foreign governments may be less liquid and the prices of such securities may be more volatile than those of comparable U.S. companies and the U.S. government. FEDERAL INCOME TAX The Funds have qualified and intend to qualify for and elect treatment as a "regulated investment companies" under Subchapter M of the Internal Revenue Code of 1986, as amended. By so qualifying and electing, each Fund will not be subject to federal income taxes to the extent it distributes its taxable income, including any net realized capital gains, for each fiscal year. In addition, by distributing during each calendar year substantially all of their net investment income and capital gains, if any, the Funds will not be subject to federal excise tax. Income and capital gain distributions are determined in accordance with income tax regulations which may differ from generally accepted accounting principles. These book-tax differences are primarily due to differing treatments for tax equalization, in-kind transactions, REIT's and losses deferred due to wash sales. 166 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- For the six months ended December 31, 2005, the Funds reclassified non-taxable security gains and losses realized on the in-kind redemption of Creation Units (Note 4) as an increase or decrease to paid in capital in the Statements of Assets and Liabilities as follows:
NET GAIN (LOSS) RECLASS AMOUNT - ------------------------------------------------------------------------------ DJ Wilshire Total Market ETF $ 1,576,996 DJ Wilshire Large Cap ETF -- DJ Wilshire Large Cap Growth ETF 4,097,672 DJ Wilshire Large Cap Value ETF 5,100,645 DJ Wilshire Mid Cap ETF -- DJ Wilshire Mid Cap Growth ETF -- DJ Wilshire Mid Cap Value ETF -- DJ Wilshire Small Cap ETF -- DJ Wilshire Small Cap Growth ETF -- DJ Wilshire Small Cap Value ETF -- DJ Global Titans ETF 2,258,148 DJ Wilshire REIT ETF 69,770,133 KBW Bank ETF 229,643 KBW Capital Markets ETF -- KBW Insurance ETF -- Morgan Stanley Technology ETF -- SPDR Dividend ETF -- SPDR O-Strip ETF 3,193,043
At December 31, 2005, the Funds had capital loss carryforwards which may be utilized to offset any net realized capital gains expiring June 30:
2009 2010 2011 2012 2013 - -------------------------------------------------------------------------------------------------------- DJ Wilshire Total Market ETF $ -- $ 372,167 $ 3,654,485 $ 1,348,494 $ 153,659 DJ Wilshire Large Cap ETF -- -- -- -- -- DJ Wilshire Large Cap Growth ETF 12,048 5,920,273 4,738,409 2,821,107 309,686 DJ Wilshire Large Cap Value ETF -- 417,474 1,235,987 652,025 2,898,052 DJ Wilshire Mid Cap ETF -- -- -- -- -- DJ Wilshire Mid Cap Growth ETF -- -- -- -- -- DJ Wilshire Mid Cap Value ETF -- -- -- -- -- DJ Wilshire Small Cap ETF -- -- -- -- -- DJ Wilshire Small Cap Growth ETF -- 1,103,086 5,875,895 -- -- DJ Wilshire Small Cap Value ETF -- -- -- -- -- DJ Global Titans ETF -- 770,629 1,493,437 984,760 -- DJ Wilshire REIT ETF -- -- -- -- -- KBW Bank ETF -- -- -- -- -- KBW Capital Markets ETF -- -- -- -- -- KBW Insurance ETF -- -- -- -- -- Morgan Stanley Technology ETF 1,836 2,341,875 10,238,030 19,143,628 8,746,932 SPDR Dividend ETF -- -- -- -- -- SPDR O-Strip ETF -- -- -- -- --
167 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- The Funds incurred the following losses during the period November 1, 2004 through June 30, 2005 that are deferred for tax purposes until fiscal 2006:
DEFERRED LOSSES - ------------------------------------------------------------------------------ DJ Wilshire Total Market ETF $5,416,066 DJ Wilshire Large Cap ETF -- DJ Wilshire Large Cap Growth ETF 655,092 DJ Wilshire Large Cap Value ETF -- DJ Wilshire Mid Cap ETF -- DJ Wilshire Mid Cap Growth ETF -- DJ Wilshire Mid Cap Value ETF -- DJ Wilshire Small Cap ETF -- DJ Wilshire Small Cap Growth ETF -- DJ Wilshire Small Cap Value ETF -- DJ Global Titans ETF -- DJ Wilshire REIT ETF -- KBW Bank ETF -- KBW Capital Markets ETF -- KBW Insurance ETF -- Morgan Stanley Technology ETF 3,772,078 SPDR Dividend ETF -- SPDR O-Strip ETF 84,417
DISTRIBUTIONS The Trust declares and distributes dividends from net investment income, if any to its shareholders quarterly. The Trust distributes net realized capital gains, if any, at least annually. Distributions are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from accounting principles generally accepted in the United States. INDEMNIFICATIONS Under the Trust's organizational documents, its officers and trustees are indemnified against certain liability arising out of the performance of their duties to the Trust. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust's maximum exposure under these arrangements is unknown as this could involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. 3. FEES AND COMPENSATION PAID TO AFFILIATES AND OTHER RELATED PARTY TRANSACTIONS ADVISORY FEE Each Fund has entered into an Investment Advisory Agreement with SSgA Funds Management, Inc. ("The Adviser"). As compensation for the services rendered, facilities furnished, and expenses borne by the Adviser, each 168 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- Fund pays the Adviser a fee accrued daily and paid monthly, based on a percentage of each Funds' average daily net assets as shown in the following table:
ANNUAL RATE - -------------------------------------------------------------------------- DJ Wilshire Total Market ETF 0.20% DJ Wilshire Large Cap ETF 0.20 DJ Wilshire Large Cap Growth ETF 0.20 DJ Wilshire Large Cap Value ETF 0.20 DJ Wilshire Mid Cap ETF 0.25 DJ Wilshire Mid Cap Growth ETF 0.25 DJ Wilshire Mid Cap Value ETF 0.25 DJ Wilshire Small Cap ETF 0.25 DJ Wilshire Small Cap Growth ETF 0.25 DJ Wilshire Small Cap Value ETF 0.25 DJ Global Titans ETF 0.50 DJ Wilshire REIT ETF 0.25 KBW Bank ETF 0.35 KBW Capital Markets ETF 0.35 KBW Insurance ETF 0.35 Morgan Stanley Technology ETF 0.50 SPDR Dividend ETF 0.35* SPDR O-Strip ETF 0.35
The Adviser pays all expenses of each Fund other than the management fee, distribution fee pursuant to each Fund's Distribution and Service Plan, if any, brokerage, taxes, interest, fees and expenses of the Independent Trustees (including any Trustee's counsel fees), litigation expenses and other extraordinary expenses. * The Adviser has contractually agreed to limit its management fee to the extent necessary to limit annual operating expenses to 0.30% for one year ending October 31, 2006. DISTRIBUTOR State Street Global Markets, LLC (the "Distributor") serves as the distributor of the shares of each Fund pursuant to a Distribution Plan and Agreement, pursuant to Rule 12b-1 under the 1940 Act, between the Distributor and the Trust. Each Fund, with the exception of the DJ Wilshire Total Market Fund, is authorized to pay an amount of up to 0.25% of its average daily net assets for certain distribution-related activities. However, management has not implemented a 12b-1 fee on any of the Funds at this time, and therefore no such payments have been made to the Distributor. TRUSTEES' FEES The Trust pays each Independent Trustee an annual fee of $12,000, and a meeting fee of $4,500 per board meeting attended. An Independent Trustee will receive $500 for each meeting attended via telephone or video conference. The Funds will reimburse the Trustees for any out of pocket expenses related to attending meetings of the Board of Trustees. The Board of Trustees has an Audit Committee consisting of all Trustees who are not "interested persons" (as defined in the 1940 Act) of the Trust. The Trustees which are members of the Audit Committee do not receive additional compensation from the Trust as a result of their position on the Audit Committee. Trustees independent counsel fees are included as part of the trustee fees presented on the financial statements. TRANSACTIONS WITH AFFILIATES The DJ Wilshire Total Market ETF, DJ Wilshire Large Cap ETF, DJ Wilshire Large Cap Growth ETF, KBW Bank ETF and KBW Capital Markets ETF have invested in affiliated companies. These investments represent 0.13%, 169 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- 0.15%, 0.30%, 3.16% and 4.30%, respectively, of net assets at December 31, 2005. Amounts relating to these investments at December 31, 2005 and for the period ended are: DJ WILSHIRE TOTAL MARKET ETF:
SHARES PURCHASED SHARES SOLD FOR NUMBER OF SHARES FOR THE SIX MONTHS THE SIX MONTHS NUMBER OF SHARES SECURITY DESCRIPTION HELD AT 6/30/05 12/31/05 12/31/05 HELD AT 12/31/05 - ------------------------------------------------------------------------------------------------------- State Street Corp. 2,796 0 427 2,369
REALIZED GAIN ON INCOME EARNED FOR SHARES SOLD DURING THE THE SIX MONTHS SIX MONTHS ENDED SECURITY DESCRIPTION ENDED 12/31/05 12/31/05 - ----------------------------------------------------------------------------------------------------- State Street Corp. $933 $1,801
DJ WILSHIRE LARGE CAP ETF:
SHARES PURCHASED SHARES SOLD FOR NUMBER OF SHARES FOR THE PERIOD THE PERIOD NUMBER OF SHARES SECURITY DESCRIPTION HELD AT 11/8/05* 11/8/05*-12/31/05 11/8/05*-12/31/05 HELD AT 12/31/05 - ---------------------------------------------------------------------------------------------------- State Street Corp. 0 385 0 385
REALIZED GAIN (LOSS) INCOME EARNED FOR ON SHARES SOLD DURING THE PERIOD THE PERIOD SECURITY DESCRIPTION 11/8/05*-12/31/05 11/8/05*-12/31/05 - ----------------------------------------------------------------------------------------------------- State Street Corp. $73 $0
DJ WILSHIRE LARGE CAP GROWTH ETF:
SHARES PURCHASED SHARES SOLD FOR NUMBER OF SHARES FOR THE SIX MONTHS THE SIX MONTHS NUMBER OF SHARES SECURITY DESCRIPTION HELD AT 6/30/05 ENDED 12/31/05 ENDED 12/31/05 HELD AT 12/31/05 - ------------------------------------------------------------------------------------------------------- State Street Corp. 0 8,160 300 7,860
INCOME EARNED FOR REALIZED LOSS ON SHARES THE SIX MONTHS SOLD DURING THE SIX SECURITY DESCRIPTION ENDED 12/31/05 MONTHS ENDED 12/31/05 - ------------------------------------------------------------------------------------------------------ State Street Corp. $1,493 $(27)
KBW BANK ETF:
SHARES PURCHASED SHARES SOLD FOR NUMBER OF SHARES FOR THE PERIOD THE PERIOD NUMBER OF SHARES SECURITY DESCRIPTION HELD AT 11/8/05* 11/8/05*-12/31/05 11/8/05*-12/31/05 HELD AT 12/31/05 - ---------------------------------------------------------------------------------------------------- State Street Corp. 0 31,171 3,062 28,109
INCOME EARNED FOR REALIZED GAIN ON SHARES SOLD THE PERIOD DURING THE PERIOD SECURITY DESCRIPTION 11/8/05*-12/31/05 11/8/05*-12/31/05 - ------------------------------------------------------------------------------------------------------- State Street Corp. $14,334 $5,224
170 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- KBW CAPITAL MARKET ETF:
SHARES PURCHASED SHARES SOLD FOR NUMBER OF SHARES FOR THE PERIOD THE PERIOD NUMBER OF SHARES SECURITY DESCRIPTION HELD AT 11/8/05* 11/8/05*-12/31/05 11/8/05*-12/31/05 HELD AT 12/31/05 - ---------------------------------------------------------------------------------------------------- State Street Corp. 0 49,434 2,900 46,534
INCOME EARNED FOR REALIZED GAIN ON SHARES SOLD THE PERIOD DURING THE PERIOD SECURITY DESCRIPTION 11/8/05*-12/31/05 11/8/05*-12/31/05 - ------------------------------------------------------------------------------------------------------- State Street Corp. $8,841 $1,363
* Commencement of operations 4. SHAREHOLDER TRANSACTIONS Except for under the Trust's dividend reinvestment plan, streetTRACKS are issued and redeemed by a Fund only in Creation Unit size aggregations of 50,000 streetTRACKS shares. Such transactions are only permitted on an in-kind basis, with a separate cash payment, which is a balancing cash component to equate the transaction to the net asset value per unit of the Fund on the transaction date. Transaction fees at scheduled amounts ranging from $250 to $4,500 per Creation Unit are charged to those persons creating or redeeming Creation Units. Transaction fees are received by the Custodian and used to offset the expense of processing orders. 5. AGGREGATE UNREALIZED APPRECIATION AND DEPRECIATION The identified cost of investments in securities owned by each Fund for federal income tax purposes was substantially the same as the cost for financial reporting purposes. Accordingly, gross unrealized appreciation and depreciation at December 31, 2005 were as follows:
GROSS GROSS NET UNREALIZED IDENTIFIED UNREALIZED UNREALIZED APPRECIATION COST APPRECIATION DEPRECIATION (DEPRECIATION) - ------------------------------------------------------------------------------------------------------- DJ Wilshire Total Market ETF $ 93,485,660 $17,023,147 $ 7,092,090 $ 9,931,057 DJ Wilshire Large Cap ETF 14,183,204 337,434 165,821 171,613 DJ Wilshire Large Cap Growth ETF 136,450,490 9,245,239 2,560,702 6,684,537 DJ Wilshire Large Cap Value ETF 94,554,847 7,470,450 3,857,861 3,612,589 DJ Wilshire Mid Cap ETF 24,986,550 876,640 348,133 528,507 DJ Wilshire Mid Cap Growth ETF 24,687,153 960,494 384,004 576,490 DJ Wilshire Mid Cap Value ETF 25,686,726 816,904 307,700 509,204 DJ Wilshire Small Cap ETF 24,298,348 625,275 573,734 51,541 DJ Wilshire Small Cap Growth ETF 61,849,639 9,508,394 1,845,384 7,663,010 DJ Wilshire Small Cap Value ETF 89,652,428 9,141,288 2,030,743 7,110,545 DJ Global Titans ETF 87,317,988 7,345,616 4,031,819 3,313,797 DJ Wilshire REIT ETF 752,670,516 59,502,666 8,430,698 51,071,968 KBW Bank ETF 48,904,136 757,689 363,407 394,282 KBW Capital Markets ETF 59,354,502 1,319,209 639,836 679,373 KBW Insurance ETF 63,162,152 754,823 990,133 (235,310) Morgan Stanley Technology ETF 161,110,250 6,058,601 6,106,410 (47,809) SPDR Dividend ETF 32,137,802 701,941 496,852 205,089 SPDR O-Strip ETF 42,016,348 712,174 3,405,696 (2,693,522)
171 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- 6. INVESTMENT TRANSACTIONS For the six months ended December 31, 2005, the Trust had in-kind contributions and in-kind redemptions as follows:
SUBSCRIPTIONS REDEMPTIONS - ------------------------------------------------------------------------------------------ DJ Wilshire Total Market ETF $ -- $ 8,936,831 DJ Wilshire Large Cap ETF 14,083,490 -- DJ Wilshire Large Cap Growth ETF 86,803,095 30,301,717 DJ Wilshire Large Cap Value ETF -- 41,021,482 DJ Wilshire Mid Cap ETF 24,959,079 -- DJ Wilshire Mid Cap Growth ETF 24,555,977 -- DJ Wilshire Mid Cap Value ETF 25,655,133 -- DJ Wilshire Small Cap ETF 24,326,259 -- DJ Wilshire Small Cap Growth ETF 11,738,636 -- DJ Wilshire Small Cap Value ETF 5,827,352 -- DJ Global Titans ETF -- 18,063,317 DJ Wilshire REIT ETF 441,759,079 318,961,600 KBW Bank ETF 53,959,092 5,244,038 KBW Capital Markets ETF 59,383,887 -- KBW Insurance ETF 63,141,878 -- Morgan Stanley Technology ETF 126,739,275 -- SPDR Dividend ETF 32,248,555 -- SPDR O-Strip ETF 24,549,437 57,094,684
For the six months ended December 31, 2005, the Trust had purchases and sales of investment securities as follows:
PURCHASES SALES - --------------------------------------------------------------------------------------- DJ Wilshire Total Market ETF $ 2,124,778 $ 1,501,755 DJ Wilshire Large Cap ETF 120,481 26,581 DJ Wilshire Large Cap Growth ETF 45,380,954 44,688,508 DJ Wilshire Large Cap Value ETF 37,488,128 37,071,878 DJ Wilshire Mid Cap ETF 533,226 581,717 DJ Wilshire Mid Cap Growth ETF 986,949 977,285 DJ Wilshire Mid Cap Value ETF 294,082 239,250 DJ Wilshire Small Cap ETF 224,592 271,587 DJ Wilshire Small Cap Growth ETF 50,177,372 50,343,252 DJ Wilshire Small Cap Value ETF 80,428,954 83,865,075 DJ Global Titans ETF 3,389,744 4,889,674 DJ Wilshire REIT ETF 51,146,904 48,843,683 KBW Bank ETF 892,591 1,025,503 KBW Capital Markets ETF 1,049,086 1,095,899 KBW Insurance ETF 5,781,552 5,885,038 Morgan Stanley Technology ETF 32,679,083 32,669,584 SPDR Dividend ETF 4,408,379 4,565,562 SPDR O-Strip ETF 3,994,792 4,040,654
172 STREETTRACKS SERIES TRUST NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- For the period ended December 31, 2005, there were no brokerage commissions on investment transactions paid to State Street Corporation. 7. INITIAL CAPITALIZATION AND OFFERING OF SHARES On the commencement of operations for each Fund (September 25, 2000, for the DJ Wilshire Large Cap Growth ETF, DJ Wilshire Large Cap Value ETF, DJ Wilshire Small Cap Growth ETF, DJ Wilshire Small Cap Value ETF, DJ Global Titans ETF, and Morgan Stanley Technology ETF , October 4, 2000, for the DJ Wilshire Total Market ETF, April 23, 2001 for the DJ Wilshire REIT ETF), the Board of Trustees declared reverse stock splits, which were effective on the date of commencement of operations for each Fund. The reverse stock splits were executed in order to align the net asset value per share of each Fund to an established proportion of its benchmark index. The ratio of the reverse stock splits were as follows:
FUND RATIO - ----------------------------------------------------------------------- Dow Jones Wilshire Total Market ETF 1:9.785 Dow Jones Wilshire Large Cap Growth ETF 1:9.736 Dow Jones Wilshire Large Cap Value ETF 1:12.948 Dow Jones Wilshire Small Cap Growth ETF 1:10.026 Dow Jones Wilshire Small Cap Value ETF 1:10.371 Dow Jones Global Titans ETF 1:8.428 Dow Jones Wilshire REIT ETF 1:10.922 Morgan Stanley Technology ETF 1:9.781
8. OTHER INFORMATION On August 22, 2005, the Board of Trustees approved a stock split for each of the following Funds. The stock splits were payable on September 21, 2005.
FUND RATIO OF SPLIT - ----------------------------------------------------------------------------- DJ Wilshire Large Cap Value ETF 2:1 DJ Wilshire Small Cap Value ETF 3:1 DJ Wilshire REIT ETF 3:1
173 STREETTRACKS SERIES TRUST OTHER INFORMATION DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- FREQUENCY DISTRIBUTION OF DISCOUNTS AND PREMIUMS CLOSING PRICE VS. NAV AS OF DECEMBER 31, 2005 The following Frequency Distribution of Discounts and Premiums charts are provided to show the frequency at which the closing price (last trade) for each of the Funds was at a discount or premium to the daily net asset value (NAV). The following charts are for comparative purposes only and represent the periods noted. DJ Wilshire Total Market ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 1 0 0 0 0 09/30/05 2 0 0 2 0 06/30/05 4 0 0 0 3 03/31/05 1 0 1 0 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 0 0 1 0 09/30/04 0 0 0 0 0 06/30/04 1 0 0 0 0 03/31/04 1 0 0 1 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 0 0 0 0 09/30/03 0 0 0 0 0 06/30/03 0 0 0 3 0 03/31/03 1 0 0 1 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 1 0 0 1 0 09/30/02 0 1 0 4 0 06/30/02 0 0 0 1 1 03/31/02 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 1 0 0 1 0 09/30/01 3 1 0 1 0 06/30/01 5 0 0 3 1 03/31/01 4 2 0 7 0 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 8 4 0 7 2 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ------------------------------------------------------------ 2004 QUARTER ENDING: 12/31/04 0 09/30/04 0 06/30/04 0 03/31/04 0 ------------------------------------------------------------------------------ 2003 QUARTER ENDING: 12/31/03 0 09/30/03 0 06/30/03 0 03/31/03 0 ------------------------------------------------------------------------------------------------ 2002 QUARTER ENDING: 12/31/02 0 09/30/02 0 06/30/02 0 03/31/02 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 0 09/30/01 0 06/30/01 0 03/31/01 0 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 4 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on October 10, 2000 174 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- DJ Wilshire Large Cap ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 5 0 1 3 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on November 15, 2005. DJ Wilshire Large Cap Growth ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 1 0 0 1 0 09/30/05 2 0 0 0 0 06/30/05 3 0 0 2 0 03/31/05 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 2 0 0 1 0 09/30/04 1 0 0 3 0 06/30/04 3 0 0 0 0 03/31/04 4 2 0 0 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 6 0 0 5 0 09/30/03 5 2 0 4 2 06/30/03 4 2 0 5 0 03/31/03 6 3 0 6 3 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 17 8 3 5 4 09/30/02 10 8 2 8 6 06/30/02 6 6 0 3 2 03/31/02 7 1 1 3 3 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 11 4 0 10 5 09/30/01 8 5 9 3 4 06/30/01 8 9 4 7 2 03/31/01 8 6 11 3 4 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 7 9 13 3 7 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 09/30/04 0 06/30/04 0 03/31/04 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 09/30/03 0 06/30/03 0 03/31/03 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 2 09/30/02 0 06/30/02 0 03/31/02 1 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 0 09/30/01 2 06/30/01 3 03/31/01 5 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 14 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on September 29, 2000. 175 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- DJ Wilshire Large Cap Value ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 1 0 0 3 0 09/30/05 0 0 0 4 0 06/30/05 2 0 0 4 0 03/31/05 3 0 0 2 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 1 0 0 0 1 09/30/04 2 0 0 4 0 06/30/04 4 1 0 2 0 03/31/04 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 1 0 0 3 0 09/30/03 4 0 0 1 1 06/30/03 4 2 0 3 2 03/31/03 8 2 1 6 2 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 4 4 1 6 1 09/30/02 10 3 4 10 5 06/30/02 4 0 0 1 0 03/31/02 2 0 0 3 1 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 5 0 0 6 5 09/30/01 7 11 4 3 7 06/30/01 4 2 0 5 7 03/31/01 5 3 3 6 8 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 8 2 0 5 4 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 09/30/04 0 06/30/04 0 03/31/04 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 09/30/03 0 06/30/03 0 03/31/03 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 0 09/30/02 1 06/30/02 0 03/31/02 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 0 09/30/01 0 06/30/01 0 03/31/01 1 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 4 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on September 29, 2000 176 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- DJ Wilshire Mid Cap ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 6 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
DJ Wilshire Mid Cap Growth ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 1 0 0 2 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
DJ Wilshire Mid Cap Value ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 1 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
DJ Wilshire Small Cap ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 1 1 0 3 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on November 15, 2005. 177 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- DJ Wilshire Small Cap Growth ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 2 2 0 0 0 09/30/05 0 0 0 0 0 06/30/05 3 0 0 5 0 03/31/05 3 1 1 2 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 5 1 0 1 1 09/30/04 2 0 0 5 1 06/30/04 3 0 0 3 0 03/31/04 0 0 0 1 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 2 0 0 4 0 09/30/03 3 0 0 2 0 06/30/03 2 1 0 1 1 03/31/03 7 3 0 4 4 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 9 6 1 7 2 09/30/02 5 4 2 8 4 06/30/02 6 2 0 6 0 03/31/02 4 0 0 4 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 8 0 0 3 2 09/30/01 5 2 1 2 0 06/30/01 8 4 2 6 3 03/31/01 7 7 10 7 7 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 6 9 3 6 6 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 09/30/04 0 06/30/04 0 03/31/04 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 09/30/03 0 06/30/03 0 03/31/03 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 1 09/30/02 1 06/30/02 0 03/31/02 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 0 09/30/01 0 06/30/01 0 03/31/01 1 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 12 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on September 29, 2000 178 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- DJ Wilshire Small Cap Value ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 0 1 0 0 0 09/30/05 3 1 0 7 0 06/30/05 3 2 0 5 3 03/31/05 6 0 0 3 1 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 3 0 0 4 1 09/30/04 1 2 0 6 1 06/30/04 2 1 0 6 2 03/31/04 3 0 0 5 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 1 2 0 9 0 09/30/03 2 0 0 6 2 06/30/03 3 0 0 0 1 03/31/03 2 2 0 6 1 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 9 1 0 7 2 09/30/02 3 0 0 12 3 06/30/02 1 0 0 2 0 03/31/02 2 0 0 1 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 5 0 0 7 2 09/30/01 6 0 0 6 0 06/30/01 5 0 2 4 2 03/31/01 7 5 1 5 5 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 7 4 5 5 7 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 09/30/04 0 06/30/04 1 03/31/04 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 09/30/03 0 06/30/03 0 03/31/03 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 1 09/30/02 0 06/30/02 0 03/31/02 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 0 09/30/01 0 06/30/01 0 03/31/01 2 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 11 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on September 29, 2000 179 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- DJ Global Titans ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 1 0 0 1 0 09/30/05 1 0 0 5 0 06/30/05 2 1 0 2 0 03/31/05 2 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 1 0 0 1 1 09/30/04 4 0 0 2 0 06/30/04 4 1 0 1 0 03/31/04 2 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 4 0 0 8 0 09/30/03 1 1 1 3 2 06/30/03 3 2 0 1 2 03/31/03 12 2 1 9 1 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 12 4 1 7 2 09/30/02 8 13 3 7 10 06/30/02 7 4 0 6 1 03/31/02 7 6 0 4 2 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 12 6 1 9 5 09/30/01 9 4 0 3 1 06/30/01 3 1 1 4 2 03/31/01 10 3 2 6 6 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 7 10 3 3 2 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 09/30/04 0 06/30/04 0 03/31/04 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 09/30/03 1 06/30/03 0 03/31/03 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 5 09/30/02 4 06/30/02 1 03/31/02 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 3 09/30/01 0 06/30/01 0 03/31/01 2 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 1 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on September 29, 2000 180 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- DJ Wilshire REIT ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 0 0 0 0 0 09/30/05 0 0 0 1 0 06/30/05 0 0 0 1 0 03/31/05 1 0 0 2 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 0 0 1 1 09/30/04 3 0 0 1 0 06/30/04 1 1 0 2 0 03/31/04 0 0 0 2 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 0 0 0 0 09/30/03 0 0 0 1 0 06/30/03 0 0 0 1 0 03/31/03 4 0 0 1 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 8 2 0 1 0 09/30/02 14 1 0 9 0 06/30/02 2 0 0 1 0 03/31/02 2 0 0 2 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 1 1 0 4 2 09/30/01 8 1 2 7 4 06/30/01* 2 1 0 6 7 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 09/30/04 0 06/30/04 0 03/31/04 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 09/30/03 0 06/30/03 0 03/31/03 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 0 09/30/02 0 06/30/02 0 03/31/02 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 0 09/30/01 0 06/30/01* 2 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on April 27, 2001 181 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- KBW Bank ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 1 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
KBW Capital Markets ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 1 0 0 3 1 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
KBW Insurance ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 1 1 0 3 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on November 15, 2005. 182 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- Morgan Stanley Technology ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 1 0 0 0 0 09/30/05 0 1 0 2 0 06/30/05 4 1 0 2 2 03/31/05 9 1 0 6 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 4 1 0 2 0 09/30/04 3 2 0 10 4 06/30/04 7 1 0 6 0 03/31/04 4 1 0 3 1 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 3 0 1 8 2 09/30/03 3 3 0 7 4 06/30/03 1 3 1 6 1 03/31/03 6 4 0 6 6 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 14 3 2 9 8 09/30/02 5 11 2 4 4 06/30/02 3 6 2 8 4 03/31/02 8 5 1 6 6 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 8 3 0 6 7 09/30/01 12 4 1 6 2 06/30/01 9 5 1 8 1 03/31/01 4 2 0 4 0 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 13 3 1 7 1 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 09/30/04 0 06/30/04 1 03/31/04 0 ----------------------------------------------------------------------------------------------------------------- 2003 QUARTER ENDING: 12/31/03 0 09/30/03 0 06/30/03 1 03/31/03 0 ----------------------------------------------------------------------------------------------------------------- 2002 QUARTER ENDING: 12/31/02 2 09/30/02 7 06/30/02 1 03/31/02 0 ----------------------------------------------------------------------------------------------------------------- 2001 QUARTER ENDING: 12/31/01 0 09/30/01 1 06/30/01 0 03/31/01 1 ----------------------------------------------------------------------------------------------------------------- 2000 QUARTER ENDING: 12/31/00* 0 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on September 29, 2000 183 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- SPDR Dividend ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05* 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05* 0 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on November 15, 2005. SPDR O-Strip ETF
----------------------------------------------------------------------------------------------------------------- Closing Price Closing Price Above NAV Below NAV ----------------------------------------------------------------------------------------------------------------- 50 - 99 100 - 199 > 200 50 - 99 100 - 199 BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS ----------------------------------------------------------------------------------------------------------------- 2005 QUARTER ENDING: 12/31/05 0 0 0 0 0 09/30/05 3 0 0 0 0 06/30/05 3 0 0 1 0 03/31/05 7 0 0 2 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 1 0 0 3 1 09/30/04* 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------- ----------------------- ----------------- Closing Price Below NAV ----------------------- ----------------- > 200 BASIS POINTS ----------------------- ----------------- 2005 QUARTER ENDING: 12/31/05 0 09/30/05 0 06/30/05 0 03/31/05 0 ----------------------------------------------------------------------------------------------------------------- 2004 QUARTER ENDING: 12/31/04 0 09/30/04* 0 -----------------------------------------------------------------------------------------------------------------
* Trading commenced on September 9, 2004. 184 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- SHAREHOLDER EXPENSE EXAMPLE As a shareholder of a Fund, you incur two types of costs: (1) transaction costs which may include creation and redemption fees or brokerage charges and (2) ongoing costs, including management fees and trustee fees. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds. It is based on an investment of $1,000 invested at July 1, 2005 and held for the six months ended December 31, 2005. ACTUAL EXPENSES The first table below provides information about actual account values and actual expenses. You may use the information in this table, together with the amount you invested, to estimate the expenses that you incurred over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first table under the heading entitled "Expenses Paid During Period" to estimate the expenses attributable to your investment during this period. HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES The second table below provides information about hypothetical account values and hypothetical expenses based on a Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not a Fund's actual return. Thus, you should not use the hypothetical account values and expenses to estimate the actual ending account balance or your expenses for the period. Rather, these figures are provided to enable you to compare the ongoing costs of investing in a Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. The Funds charge transaction fees at scheduled amounts ranging from $250 to $4,500 per Creation Unit to those persons creating or redeeming Creation Units. If you buy or sell streetTRACKS Series Trust Fund Shares in the secondary market, you will incur customary brokerage commissions and charges. Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs, such as creation and redemption fees on brokerage charges. Therefore, the second table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transaction costs were included, your costs would have been higher.
BEGINNING ENDING EXPENSES PAID ACCOUNT VALUE ACCOUNT VALUE DURING PERIOD* ACTUAL 7/01/05 12/31/05 7/01/05-12/31/05 - --------------------------------------------------------------------------------------- DJ Wilshire Total Market ETF $1,000 $1,065.10 $1.09 DJ Wilshire Large Cap ETF** 1,000 1,027.80 0.32 DJ Wilshire Large Cap Growth ETF 1,000 1,072.20 1.10 DJ Wilshire Large Cap Value ETF 1,000 1,050.50 1.03 DJ Wilshire Mid Cap ETF** 1,000 1,008.70 0.39 DJ Wilshire Mid Cap Growth ETF** 1,000 1,006.80 0.39 DJ Wilshire Mid Cap Value ETF** 1,000 1,010.80 0.39 DJ Wilshire Small Cap ETF** 1,000 1,000.60 0.38 DJ Wilshire Small Cap Growth ETF 1,000 1,081.80 1.36 DJ Wilshire Small Cap Value ETF 1,000 1,071.10 1.36 DJ Global Titans ETF 1,000 1,042.20 2.63 DJ Wilshire REIT ETF 1,000 1,065.40 1.35 KBW Bank ETF** 1,000 1,038.00 0.54 KBW Capital Markets ETF** 1,000 1,029.30 0.54 KBW Insurance ETF** 1,000 1,009.30 0.54 Morgan Stanley Technology ETF 1,000 1,105.70 2.71 SPDR Dividend ETF** 1,000 999.50 0.44 SPDR O-Strip ETF 1,000 1,053.80 1.86
185 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - --------------------------------------------------------------------------------
BEGINNING ENDING EXPENSES PAID ACCOUNT VALUE ACCOUNT VALUE DURING PERIOD* HYPOTHETICAL 7/01/05 12/31/05 7/01/05-12/31/05 - --------------------------------------------------------------------------------------- DJ Wilshire Total Market ETF $1,000 $1,024.15 $1.07 DJ Wilshire Large Cap ETF** 1,000 1,007.09 0.31 DJ Wilshire Large Cap Growth ETF 1,000 1,024.15 1.07 DJ Wilshire Large Cap Value ETF 1,000 1,024.20 1.02 DJ Wilshire Mid Cap ETF** 1,000 1,007.01 0.39 DJ Wilshire Mid Cap Growth ETF** 1,000 1,007.01 0.39 DJ Wilshire Mid Cap Value ETF** 1,000 1,007.01 0.39 DJ Wilshire Small Cap ETF** 1,000 1,007.01 0.39 DJ Wilshire Small Cap Growth ETF 1,000 1,023.89 1.33 DJ Wilshire Small Cap Value ETF 1,000 1,023.89 1.33 DJ Global Titans ETF 1,000 1,022.63 2.60 DJ Wilshire REIT ETF 1,000 1,011.95 1.33 KBW Bank ETF** 1,000 1,006.86 0.53 KBW Capital Markets ETF** 1,000 1,006.86 0.53 KBW Insurance ETF** 1,000 1,006.86 0.53 Morgan Stanley Technology ETF 1,000 1,022.63 2.60 SPDR Dividend ETF** 1,000 1,006.95 0.45 SPDR O-Strip ETF 1,000 1,023.39 1.84
* Expenses are equal to the Fund's annualized expense ratio of 0.21%, 0.21%, 0.21%, 0.20%, 0.26%, 0.26%, 0.26%, 0.26%, 0.26%, 0.26%, 0.51%, 0.26%, 0.36%, 0.36%, 0.36%, 0.51%, 0.30% and 0.36%, respectively. Expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period (or since commencement of operations), then divided by 365. ** For the period November 8, 2005 (commencement of operations) to December 31, 2005. PROXY VOTING POLICIES A description of the policies and procedures that are used by the Funds' investment adviser to vote proxies relating to the Funds' portfolio securities is available without charge, upon request, by calling 1-866-787-2257. Information regarding how the investment adviser votes these proxies are available by calling the same number and on the website of the U.S. Securities and Exchange Commission at http://www.sec.gov. QUARTERLY PORTFOLIO SCHEDULE The Funds file a complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on the Form N-Q. The Funds' Forms N-Q are available on the Securities and Exchange Commission's website at www.sec.gov and may be reviewed and copied at the Securities and Exchange Commission's Public Reference Room in Washington, DC. Information on the form N-Q will be available upon request without charge, by calling 1-866-787-2257 (toll free), and on the Funds' website www.streetTRACKS.com. INVESTMENT ADVISORY CONTRACT RENEWAL At an in-person meeting held on August 22, 2005, the Board of Trustees of the Trust (the "Board") considered renewal of the Investment Advisory Agreement (the "Agreement") between the Trust and SSgA Funds Management, Inc. (the "Adviser") with respect to the series portfolios of the Trust (each a "Fund", collectively, the "Funds"). The Trustees who are not "interested persons" of the Trust within the meaning of the Investment Company Act of 1940, as amended (the "Independent Trustees") also met separately with their counsel to consider the Agreement. 186 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- In evaluating the Agreement, the Board drew on materials provided to them by the Adviser and on other materials provided by State Street Bank and Trust Company, the Trust's Administrator, Transfer Agent and Custodian ("State Street"). In deciding whether to renew the Agreement, the Board considered various factors, including (i) the nature, extent and quality of the services provided by the Adviser under the Agreement, (ii) the investment performance of the Funds, (iii) the costs to the Adviser of its services and the profits realized by the Adviser from its relationship with the Trust, and (iv) the extent to which economies of scale would be realized if and as the Funds grow and whether the fee levels in the Agreement reflect these economies of scale. First, the Board considered the nature, extent and quality of the services provided by the Adviser. In doing so, they relied on their prior experience with the Trust, the Adviser and State Street, as well as materials provided prior to and at the meeting. The Board reviewed the Advisory Agreements and the Adviser's responsibilities for managing the investment operations of each Fund in accordance with each Fund's investment objective and policies, and the applicable legal and regulatory requirements. They appreciated the relatively unique nature of the Funds, as ETFs, and the experience and expertise of the Adviser with ETFs. The Board considered the background and experience of the Adviser's senior management, including those individuals responsible for the portfolio management and compliance. They also considered the resources, structures and practices of the Adviser in managing the Funds' portfolios and in monitoring and securing each Fund's compliance with its investment objectives and policies and with applicable laws and regulations. The Board also considered information about the Adviser's best execution procedures and overall investment management business, noting that the Adviser serves a wide range of clients across a broad spectrum of asset classes. The Board looked at the Adviser's general knowledge of the investment business and that of its parent, State Street Global Advisers, with which the Adviser shares all of its senior personnel. The Board considered that the Adviser and its affiliates constitute one of the world's largest investment management enterprises for indexed products generally and ETFs in particular. The Independent Trustees then determined that the nature, extent and quality of the services provided by the Adviser to the Trust were necessary and appropriate. The Independent Trustees' reviewed the Funds' performance. They noted that that the distinctive indexed investment objective of each of the Funds made the analysis of investment performance, in absolute terms, less of a priority than that which normally attaches to the performance of actively-managed funds. The Board was more concerned with the extent to which each Fund achieved its objective of replicating the total return of the applicable index (index tracking and tracking error). The Board also considered that only two out of nine Funds generated a taxable gain during the most recent fiscal year. The Independent Trustees then determined that the performance of each Fund was satisfactory. The Board considered the profitability of the advisory arrangement with the Funds to the Adviser including data on the Funds' historical profitability to the Adviser. The Independent Trustees, through their counsel, had the opportunity to discuss with representatives of the Adviser and State Street the methodologies used in computing the costs that formed the bases of the profitability calculations and determined that these methodologies were reasonable. The Independent Trustees concluded that, to the extent that the Adviser realized a profit on the Funds, the profitability was not excessive. The Board considered whether the Adviser benefited in other ways from its relationship with the Trust, noting that Adviser maintains no soft-dollar arrangements in connection with the Trust's brokerage transactions. The Independent Trustees concluded that, to the extent that the Adviser derives other benefits from its relationship with the Trust, those benefits are not so significant as to cause the Adviser's fee to be excessive. The Independent Trustees determined that the Adviser is likely to realize economies of scale in managing the Funds as assets grow in size. The Independent Trustees further determined that such economies of scale are currently shared with the Funds by way of the low fee structure of the Trust. The Board evaluated the Funds' unitary fee through the review of comparative information with respect to fees paid by similar funds. The Board also reviewed the expense ratios of the Funds as compared to similar funds and the unitary fee structure. The Independent Trustees concluded, based on the information presented, that each Fund's fees were fair and reasonable in light those of their direct competitors. The Board reviewed the universe of similar ETFs for each Fund based upon Lipper Analytical Services and related comparative information. The Board used a Fund by Fund analysis of the data to determine that each Fund's expense ratio was reasonable in light of its peers. 187 STREETTRACKS SERIES TRUST OTHER INFORMATION (CONTINUED) DECEMBER 31, 2005 (UNAUDITED) - -------------------------------------------------------------------------------- The Independent Trustees' conclusions regarding the Agreement were as follows: (a) the nature and extent of the services provided by the Adviser were appropriate; (b) the performance, and more importantly, the index tracking, of each Fund had been satisfactory; (c) the Adviser's fees for each Fund and the unitary fee, considered in relation to the services provided, were fair and reasonable; (d) the profitability of the Trust's relationship with the Adviser was not excessive; (e) any additional benefits to the Adviser were not of a magnitude materially to affect the Independent Trustees' conclusions; and (f) the fees paid to the Adviser adequately shared the economies of scale with the Funds. At the Meeting, the Board Also considered the renewal of the Sub-Advisory Agreement (the "Sub-Advisory Agreement") between the Trust and The Tuckerman Group LLC, an affiliate of the Adviser (the "Sub-Adviser") with respect to the streetTRACKS DJ Wilshire REIT ETF (the "REIT Fund"). The Board considered the background and experience of the Sub-Adviser's senior management and in particular the Sub-Adviser's experience in investing in REITs. The Board considered that the REIT Fund clearly tracked its benchmark index and did not distribute any capital gains. In light of the Independent Trustees' determination that the unitary fee paid to the State Street by the Fund was fair and reasonable and that the Sub-Adviser's fees are paid by the Adviser, the Trustees did not believe it necessary to evaluate the Sub-Adviser's profitability or any additional benefits that the Sub-Adviser may receive. The Independent Trustees' conclusions with respect to the Sub-Advisory Agreement were as follows: (a) the nature and extent of the services provided by the Sub-Adviser were appropriate; (b) the performance, and more importantly, the index tracking, of the REIT Fund had been satisfactory; and (c) the Sub-Adviser's fees for the REIT Fund and the unitary fee, considered in relation to the services provided, were fair and reasonable. 188 StreetTRACKS' SERIES TRUST TRUSTEES David M. Kelly Frank Nesvet Helen F. Peters James E. Ross, Interested Trustee (as defined in the 1940 Act) OFFICERS James E. Ross, President Michael Riley, Vice President Gary L. French, Treasurer Mary Moran Zeven, Secretary John W. Clark, Assistant Treasurer Scott Zoltowski, Assistant Secretary Matthew W. Flaherty, Assistant Treasurer Peter Ambrosini, Chief Compliance Officer INVESTMENT MANAGER SSgA Funds Management, Inc. State Street Financial Center One Lincoln Street Boston, MA 02111 DISTRIBUTOR State Street Global Markets, LLC One Lincoln Street Boston, MA 02111 CUSTODIAN, ADMINISTRATOR AND TRANSFER AGENT State Street Bank and Trust Company One Lincoln Street Boston, MA 02111 LEGAL COUNSEL Clifford Chance US LLP 31 West 52nd Street New York, New York 10019 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Ernst & Young LLP 200 Clarendon Street Boston, MA 02116 streetTRACKS are distributed by State Street Global Markets, LLC, a wholly-owned subsidiary of State Street Corporation. State Street Global Markets, LLC is a member of NASD, SIPC, and the Boston Stock Exchange. The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-S-TRACKS or visiting www.streettracks.com Please read the prospectus carefully before you invest. [graphics] The investment return and principal value of an investment in the streetTRACKS funds will fluctuate in value, so that when shares are sold or redeemed they may be worth more or less than when they were purchased. ETFs trade like stocks, are subject to investment risk and will fluctuate in market value. For streetTRACKS DJ Wilshire Small Cap, DJ Wilshire Small Cap Growth, DJ Wilshire Small Cap Value, Morgan Stanley Technology and DJ Wilshire REIT, KBW Bank, KBW Capital Markets, KBW Insurance ETFs: In addition to the normal risks associated with equity investing, narrowly focused investments and investments in smaller companies typically exhibit higher volatility and price fluctuation. For streetTRACKS Global Titans Fund: International investments may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. In general, streetTRACKS shares can be expected to move up or down in value with the value of the applicable index. Although streetTRACKS shares may be bought and sold on the exchange through any brokerage account, streetTRACKS shares are not individually redeemable from the Fund. Investors may acquire streetTRACKS and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details. streetTRACKS are not sponsored, endorsed, sold, or promoted by Dow Jones & Company, Time Inc., Morgan Stanley Dean Witter, and Wilshire Associates. Neither do these companies make any representation regarding the advisability of investing in streetTRACKS. streetTRACKS are distributed by State Street Global Markets, LLC, a wholly-owned subsidiary of State Street Corporation. State Street Global Markets, LLC is a member of NASD, SIPC, and the Boston Stock Exchange. References to State Street may include State Street Corporation and its affiliates. Shares of the streetTRACKS funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. streetTRACKS shares are subject to investment risks, including possible loss of the principal invested. The streetTRACKS funds pay State Street for its services as investment advisor, custodian, transfer agent and shareholder servicing agent. For more information on streetTRACKS, or to obtain a prospectus, call: 1-866-S-TRACKS or visit www.streettracks.com Please read the prospectus carefully before you invest or send money. [GRAPHICS] ITEM 2. CODE OF ETHICS - ----------------------- Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report. ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT - ---------------------------------------- Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report. ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES - ---------------------------------------------- Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report. ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS - ---------------------------------------------- Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report. ITEM 6. SCHEDULE OF INVESTMENTS - -------------------------------- Not applicable to the Registrant. See Item 1. ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. - -------------------------------------------------------------------------------- Not applicable to the Registrant. ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES - ------------------------------------------------------------------------- Not applicable to the Registrant. ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS - -------------------------------------------------------------------------------- Not applicable to the Registrant. ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS - ------------------------------------------------------------- Not applicable to the Registrant. ITEM 11. CONTROLS AND PROCEDURES - --------------------------------- (a) Within 90 days of the filing date of this Form N-CSR, James E. Ross, the Registrant's President, and Gary L. French, the Registrant's Chief Financial Officer, reviewed the Registrant's disclosure controls and procedures (the "Procedures") and evaluated their effectiveness. Based on the review, Messrs. Ross and French determined that the Procedures adequately ensure that information required to be disclosed by the Registrant in its periodic reports is recorded, processed, summarized and reported within the time periods required by the Securities and Exchange Commission's rules and regulations. (b) In the Registrant's second fiscal quarter covered by this form N-CSR filing, there were no significant changes in the Registrant's internal controls or in other factors that have materially affected, or are reasonably likely to materially affect, its controls over financial reporting subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. ITEM 12. EXHIBITS - ------------------ (a)(1) Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report. (2) Certifications of principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act are attached hereto. (3) Not applicable (b) Certifications of principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. STREETTRACKS(R)SERIES TRUST By: /s/ James E. Ross -------------------------- James E. Ross President and Principal Executive Officer Date: February 17, 2006 ----------------- Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ James E. Ross ------------------------- James E. Ross President and Principal Executive Officer Date: February 17, 2006 ------------------ By: Gary L. French ------------------------ Gary L. French Treasurer, Chief Financial Officer Date: February 17, 2006 ------------------ EX-99.(A)(2) 2 b58677kaexv99wxayx2y.txt CERTIFICATION OF PEO & CFO Exhibit: (a)(2) CERTIFICATIONS -------------- I, James E. Ross, President and Principal Executive Officer of streetTRACKS(R) Series Trust, certify that: 1. I have reviewed this report on Form N-CSR of streetTRACKS(R) Series Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 17, 2006 /s/ James E. Ross ---------------------- ------------------ James E. Ross President and Principal Executive Officer CERTIFICATIONS -------------- I, Gary L. French, Treasurer and Chief Financial Officer of streetTRACKS(R) Series Trust, certify that: 1. I have reviewed this report on Form N-CSR of streetTRACKS(R) Series Trust; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 17, 2006 /s/ Gary L. French ----------------- ------------------- Gary L. French Treasurer, Chief Financial Officer EX-99.906CERT 3 b58677kaexv99w906cert.txt 906 CERTIFICATION SECTION 906 CERTIFICATION We, James E. Ross, President and Principal Executive Officer, and Gary L. French, Treasurer and Chief Financial Officer, of the streetTRACKS(R) Series Trust (the "registrant"), certify that: 1. The report on Form N-CSR of the registrant (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and 2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant. By: /s/ James E. Ross --------------------------- James E. Ross President and Principal Executive Officer Date: February 17, 2006 --------------------------- By: /s/ Gary L. French --------------------------- Gary L. French Treasurer and Chief Financial Officer Date: February 17, 2006 --------------------------- -----END PRIVACY-ENHANCED MESSAGE-----