NPORT-EX 2 NPORT_SMFB_54563065_0324.htm
Quarterly Report
March 31, 2024
SSGA Active Trust
SPDR SSGA Multi-Asset Real Return ETF
SPDR SSGA Income Allocation ETF
SPDR SSGA Global Allocation ETF
SPDR Blackstone High Income ETF
SPDR Blackstone Senior Loan ETF
SPDR SSGA Ultra Short Term Bond ETF
SPDR DoubleLine Total Return Tactical ETF
SPDR DoubleLine Emerging Markets Fixed Income ETF
SPDR DoubleLine Short Duration Total Return Tactical ETF
SPDR SSGA Fixed Income Sector Rotation ETF
SPDR SSGA US Sector Rotation ETF
SPDR Nuveen Municipal Bond ETF
SPDR Nuveen Municipal Bond ESG ETF
SPDR Loomis Sayles Opportunistic Bond ETF
The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-787-2257 or visiting https://www.ssga.com/spdrs. Please read the prospectus carefully before you invest.
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 1-866-787-2257 or visiting https://www.ssga.com/spdrs. Please read the prospectus carefully before you invest.
SPDR SSGA MULTI-ASSET REAL RETURN ETF
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Security Description     Shares   Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS — 100.0%      
COMMODITIES — 17.0%  
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF
    6,620,588   $91,827,554
DOMESTIC EQUITY — 6.7%  
The Energy Select Sector SPDR Fund (a)(b)
    383,592   36,214,921
DOMESTIC FIXED INCOME — 4.3%  
SPDR Bloomberg 1-3 Month T-Bills ETF (a)
    254,168   23,332,622
INFLATION LINKED — 8.0%  
SPDR Bloomberg 1-10 Year TIPS ETF (a)
    2,331,981   43,468,126
INTERNATIONAL EQUITY — 23.6%  
SPDR S&P Global Infrastructure ETF (a)(b)
    2,335,280   126,455,412
VanEck Agribusiness ETF (b)
    18,099   1,359,778
          127,815,190
INTERNATIONAL FIXED INCOME — 4.3%  
SPDR FTSE International Government Inflation-Protected Bond ETF (a)
    586,121   23,433,118
NATURAL RESOURCES — 35.1%  
SPDR Gold MiniShares Trust (a)(c)
    364,634   16,062,128
SPDR S&P Global Natural Resources ETF (a)(b)
    2,724,475   157,828,837
SPDR S&P Metals & Mining ETF (a)(b)
    272,735   16,440,466
          190,331,431
REAL ESTATE — 1.0%  
SPDR Dow Jones International Real Estate ETF (a)(b)
    97,917   2,554,655
SPDR Dow Jones REIT ETF (a)(b)
    27,486   2,590,556
          5,145,211
TOTAL MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS

(Cost $550,544,189)
  541,568,173  
Security Description     Shares   Value
SHORT-TERM INVESTMENTS — 4.8%      
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (d)(e)
    206,225   $206,225
State Street Navigator Securities Lending Portfolio II (f)(g)
    25,900,396   25,900,396
TOTAL SHORT-TERM INVESTMENTS

(Cost $26,106,621)
        $26,106,621
TOTAL INVESTMENTS — 104.8%

(Cost $576,650,810)
        567,674,794
LIABILITIES IN EXCESS OF OTHER ASSETS — (4.8)%
        (25,942,745)
NET ASSETS — 100.0%
        $541,732,049
The Fund invests in other funds and financial statements of underlying funds can be found at www.sec.gov.
 
(a) Affiliated fund managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(b) All or a portion of the shares of the security are on loan at March 31, 2024.
(c) Non-income producing security.
(d) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(e) The rate shown is the annualized seven-day yield at March 31, 2024.
(f) The Fund invested in an affiliated entity. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(g) Investment of cash collateral for securities loaned.
 
See accompanying notes to Schedule of Investments.
1
SPDR SSGA MULTI-ASSET REAL RETURN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Mutual Funds and Exchange Traded Products
  $541,568,173   $—   $—   $541,568,173
Short-Term Investments
  26,106,621   —   —   26,106,621
TOTAL INVESTMENTS
  $567,674,794   $—   $—   $567,674,794
 
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
SPDR Bloomberg 1-10 Year TIPS ETF
2,108,232   $38,917,963   $21,917,438   $17,841,924   $(370,850)   $845,499   2,331,981   $43,468,126   $728,094
SPDR Bloomberg 1-3 Month T-Bills ETF
—   —   26,791,786   3,527,098   1,088   66,846   254,168   23,332,622   103,837
SPDR Dow Jones International Real Estate ETF
106,095   2,627,973   994,360   1,241,850   (42,488)   216,660   97,917   2,554,655   57,933
SPDR Dow Jones REIT ETF
118,899   10,753,226   1,137,434   9,436,234   (526,578)   662,708   27,486   2,590,556   102,137
SPDR FTSE International Government Inflation-Protected Bond ETF
327,586   13,679,991   16,748,009   6,375,160   28,717   (648,439)   586,121   23,433,118   659,685
SPDR Gold MiniShares Trust
276,756   10,541,636   10,070,456   6,755,088   442,965   1,762,159   364,634   16,062,128   —
SPDR S&P Global Infrastructure ETF
2,501,429   133,501,265   52,847,647   62,195,879   (581,488)   2,883,867   2,335,280   126,455,412   2,934,489
SPDR S&P Global Natural Resources ETF
2,741,886   147,815,074   62,228,298   64,120,130   162,723   11,742,872   2,724,475   157,828,837   2,588,120
SPDR S&P Metals & Mining ETF
332,119   16,878,288   5,742,545   9,104,915   1,117,780   1,806,768   272,735   16,440,466   107,578
State Street Institutional U.S. Government Money Market Fund, Class G Shares
21,584,135   21,584,135   22,603,887   43,981,797   —   —   206,225   206,225   945,385
State Street Navigator Securities Lending Portfolio II
32,724,798   32,724,798   638,429,704   645,254,106   —   —   25,900,396   25,900,396   168,296
The Energy Select Sector SPDR Fund
395,864   32,132,281   15,734,473   16,989,362   1,712,119   3,625,410   383,592   36,214,921   852,134
Total
    $461,156,630   $875,246,037   $886,823,543   $1,943,988   $22,964,350       $474,487,462   $9,247,688
See accompanying notes to Schedule of Investments.
2
SPDR SSGA INCOME ALLOCATION ETF
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Security Description     Shares   Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS — 100.5%      
DOMESTIC EQUITY — 28.4%  
iShares Mortgage Real Estate ETF (a)
    64,884   $1,507,905
Schwab U.S. Dividend Equity ETF
    93,477   7,537,051
SPDR ICE Preferred Securities ETF (a)(b)
    127,334   4,440,137
SPDR Portfolio S&P 500 High Dividend ETF (b)
    187,038   7,614,317
          21,099,410
DOMESTIC FIXED INCOME — 45.4%  
SPDR Blackstone Senior Loan ETF (b)
    104,859   4,415,612
SPDR Bloomberg 1-3 Month T-Bills ETF (b)
    47,072   4,321,210
SPDR Bloomberg Convertible Securities ETF (a)(b)
    40,801   2,980,105
SPDR Bloomberg High Yield Bond ETF (a)(b)
    97,624   9,293,805
SPDR Portfolio Long Term Treasury ETF (b)
    322,227   9,003,022
SPDR Portfolio Short Term Treasury ETF (b)
    128,364   3,712,287
          33,726,041
INFLATION LINKED — 3.0%  
SPDR Bloomberg 1-10 Year TIPS ETF (b)
    119,732   2,231,804
INTERNATIONAL EQUITY — 9.6%  
SPDR S&P Global Infrastructure ETF (a)(b)
    111,248   6,024,079
SPDR S&P International Dividend ETF (b)
    31,742   1,115,731
          7,139,810
INTERNATIONAL FIXED INCOME — 12.0%  
SPDR Bloomberg Emerging Markets Local Bond ETF (a)(b)
    216,384   4,435,872
Security Description     Shares   Value
SPDR Bloomberg Emerging Markets USD Bond ETF (a)
    184,226   $4,452,742
          8,888,614
REAL ESTATE — 2.1%  
SPDR Dow Jones REIT ETF (a)(b)
    16,271   1,533,542
TOTAL MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS

(Cost $75,068,008)
  74,619,221  
SHORT-TERM INVESTMENT — 17.1%      
State Street Navigator Securities Lending Portfolio II (c)(d)

(Cost $12,737,042)
    12,737,042   12,737,042
TOTAL SHORT-TERM INVESTMENT

(Cost $12,737,042)
        $12,737,042
TOTAL INVESTMENTS — 117.6%

(Cost $87,805,050)
        87,356,263
LIABILITIES IN EXCESS OF OTHER ASSETS — (17.6)%
        (13,097,493)
NET ASSETS — 100.0%
        $74,258,770
The Fund invests in other funds and financial statements of underlying funds can be found at www.sec.gov.
 
(a) All or a portion of the shares of the security are on loan at March 31, 2024.
(b) Affiliated fund managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(c) The Fund invested in an affiliated entity. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(d) Investment of cash collateral for securities loaned.
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Mutual Funds and Exchange Traded Products
  $74,619,221   $—   $—   $74,619,221
Short-Term Investment
  12,737,042   —   —   12,737,042
TOTAL INVESTMENTS
  $87,356,263   $—   $—   $87,356,263
See accompanying notes to Schedule of Investments.
3
SPDR SSGA INCOME ALLOCATION ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
SPDR Blackstone Senior Loan ETF
173,309   $7,256,448   $1,390,038   $4,260,088   $(328,984)   $358,198   104,859   $4,415,612   $443,017
SPDR Bloomberg 1-10 Year TIPS ETF
—   —   2,414,934   254,185   5,260   65,795   119,732   2,231,804   15,669
SPDR Bloomberg 1-3 Month T-Bills ETF
—   —   4,512,012   203,547   351   12,394   47,072   4,321,210   16,441
SPDR Bloomberg Convertible Securities ETF
52,305   3,658,735   600,953   1,431,133   (79,463)   231,013   40,801   2,980,105   56,184
SPDR Bloomberg Emerging Markets Local Bond ETF
406,911   8,610,237   1,608,634   5,595,647   (1,162,150)   974,798   216,384   4,435,872   309,049
SPDR Bloomberg Emerging Markets USD Bond ETF
—   —   4,844,448   431,472   (975)   40,741   184,226   4,452,742   37,045
SPDR Bloomberg High Yield Bond ETF
93,779   8,630,481   7,075,776   6,553,564   (155,751)   296,863   97,624   9,293,805   379,228
SPDR Bloomberg International Corporate Bond ETF
50,932   1,445,450   12,392   1,484,866   60,894   (33,870)   —   —   2,463
SPDR Dow Jones REIT ETF
15,848   1,433,293   353,620   323,700   14,016   56,313   16,271   1,533,542   42,847
SPDR ICE Preferred Securities ETF
127,166   4,256,246   833,325   841,797   (60,637)   253,000   127,334   4,440,137   211,597
SPDR Portfolio Long Term Treasury ETF
307,978   9,208,542   3,602,712   3,154,609   (795,081)   141,458   322,227   9,003,022   246,333
SPDR Portfolio S&P 500 High Dividend ETF
134,956   5,004,168   6,140,924   4,309,177   (131,839)   910,241   187,038   7,614,317   242,498
SPDR Portfolio Short Term Corporate Bond ETF
—   —   2,354,140   2,350,381   (3,759)   —   —   —   8,721
SPDR Portfolio Short Term Treasury ETF
—   —   4,076,028   347,670   (348)   (15,723)   128,364   3,712,287   25,486
SPDR S&P Global Infrastructure ETF
107,500   5,737,275   1,266,877   1,074,136   (3,042)   97,105   111,248   6,024,079   138,663
SPDR S&P International Dividend ETF
163,925   5,637,381   512,593   5,120,926   120,396   (33,713)   31,742   1,115,731   65,314
State Street Institutional U.S. Government Money Market Fund, Class G Shares
814,508   814,508   7,928,576   8,743,084   —   —   —   —   80,142
State Street Navigator Securities Lending Portfolio II
5,978,695   5,978,695   153,814,815   147,056,468   —   —   12,737,042   12,737,042   100,658
Total
    $67,671,459   $203,342,797   $193,536,450   $(2,521,112)   $3,354,613       $78,311,307   $2,421,355
See accompanying notes to Schedule of Investments.
4
SPDR SSGA GLOBAL ALLOCATION ETF
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Security Description     Shares   Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS — 94.3%      
DOMESTIC EQUITY — 40.3%  
SPDR Gold Shares (a)
    23,760   $4,887,907
SPDR Portfolio S&P 600 Small Cap ETF (a)
    285,577   12,291,234
SPDR S&P 500 ETF Trust (a)
    114,936   60,119,572
SPDR S&P MidCap 400 ETF Trust (a)
    8,755   4,871,282
The Communication Services Select Sector SPDR Fund (a)
    58,634   4,788,052
The Industrial Select Sector SPDR Fund (a)(b)
    38,431   4,840,769
The Technology Select Sector SPDR Fund (a)
    22,926   4,774,798
          96,573,614
DOMESTIC FIXED INCOME — 18.0%  
SPDR Blackstone Senior Loan ETF (a)
    85,404   3,596,362
SPDR Bloomberg High Yield Bond ETF (a)(b)
    163,489   15,564,153
SPDR Bloomberg International Treasury Bond ETF (a)(b)
    214,641   4,773,616
SPDR Portfolio Aggregate Bond ETF (a)(b)
    758,136   19,165,678
          43,099,809
INFLATION LINKED — 4.0%  
SPDR Bloomberg 1-10 Year TIPS ETF (a)
    514,001   9,580,979
INTERNATIONAL EQUITY — 24.5%  
SPDR Portfolio Developed World ex-U.S. ETF (a)
    837,997   30,033,812
SPDR Portfolio Emerging Markets ETF (a)(b)
    597,005   21,605,611
SPDR S&P International Small Cap ETF (a)(b)
    222,562   7,228,814
          58,868,237
INTERNATIONAL FIXED INCOME — 7.5%  
SPDR Bloomberg Emerging Markets Local Bond ETF (a)(b)
    348,563   7,145,542
SPDR Bloomberg Emerging Markets USD Bond ETF (a)
    148,221   3,582,502
Security Description     Shares   Value
SPDR Bloomberg International Corporate Bond ETF (a)
    246,252   $7,168,396
          17,896,440
TOTAL MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS

(Cost $199,310,818)
  226,019,079  
SHORT-TERM INVESTMENTS — 19.4%      
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (c)(d)
    13,346,512   $13,346,512
State Street Navigator Securities Lending Portfolio II (e)(f)
    33,031,404   33,031,404
TOTAL SHORT-TERM INVESTMENTS

(Cost $46,377,916)
        $46,377,916
TOTAL INVESTMENTS — 113.7%

(Cost $245,688,734)
        272,396,995
LIABILITIES IN EXCESS OF OTHER ASSETS — (13.7)%
        (32,776,528)
NET ASSETS — 100.0%
        $239,620,467
The Fund invests in other funds and financial statements of underlying funds can be found at www.sec.gov.
 
(a) Affiliated fund managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(b) All or a portion of the shares of the security are on loan at March 31, 2024.
(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(d) The rate shown is the annualized seven-day yield at March 31, 2024.
(e) The Fund invested in an affiliated entity. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(f) Investment of cash collateral for securities loaned.
 
See accompanying notes to Schedule of Investments.
5
SPDR SSGA GLOBAL ALLOCATION ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Mutual Funds and Exchange Traded Products
  $226,019,079   $—   $—   $226,019,079
Short-Term Investments
  46,377,916   —   —   46,377,916
TOTAL INVESTMENTS
  $272,396,995   $—   $—   $272,396,995
 
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
SPDR Blackstone Senior Loan ETF
83,240   $3,485,259   $739,628   $648,220   $2,565   $17,130   85,404   $3,596,362   $233,427
SPDR Bloomberg 1-10 Year TIPS ETF
740,764   13,674,503   2,555,374   6,742,720   (520,218)   614,040   514,001   9,580,979   274,464
SPDR Bloomberg Emerging Markets Local Bond ETF
325,324   6,883,856   1,499,760   999,612   (15,573)   (222,889)   348,563   7,145,542   279,834
SPDR Bloomberg Emerging Markets USD Bond ETF
—   —   3,666,907   117,780   352   33,023   148,221   3,582,502   29,569
SPDR Bloomberg High Yield Bond ETF
50,020   4,603,341   16,159,774   5,207,739   (147,321)   156,098   163,489   15,564,153   254,315
SPDR Bloomberg International Corporate Bond ETF
244,384   6,935,618   1,231,856   1,159,712   9,961   150,673   246,252   7,168,396   127,830
SPDR Bloomberg International Treasury Bond ETF
507,878   11,452,649   8,789,925   15,591,556   19,014   103,584   214,641   4,773,616   80,126
SPDR Gold Shares
37,649   6,711,687   3,263,672   5,733,616   (134,736)   780,900   23,760   4,887,907   —
SPDR Portfolio Aggregate Bond ETF
270,297   6,857,435   32,891,919   20,832,390   (41,156)   289,870   758,136   19,165,678   325,478
SPDR Portfolio Developed World ex-U.S. ETF
1,116,902   36,343,991   7,929,131   17,564,085   1,561,405   1,763,370   837,997   30,033,812   380,320
SPDR Portfolio Emerging Markets ETF
462,602   15,904,257   7,822,412   3,190,415   (51,109)   1,120,466   597,005   21,605,611   326,699
SPDR Portfolio Europe ETF
384,632   14,812,178   2,741,323   17,370,706   1,273,915   (1,456,710)   —   —   —
SPDR Portfolio Intermediate Term Treasury ETF
—   —   5,989,795   6,131,355   141,560   —   —   —   50,916
SPDR Portfolio Long Term Treasury ETF
154,046   4,605,975   3,804,660   7,918,920   (579,132)   87,417   —   —   51,819
SPDR Portfolio S&P 600 Small Cap ETF
148,000   5,748,320   9,990,889   4,252,639   74,862   729,802   285,577   12,291,234   149,890
SPDR S&P 500 ETF Trust
125,343   55,562,045   32,430,575   38,078,021   4,786,646   5,418,327   114,936   60,119,572   637,882
SPDR S&P International Small Cap ETF
220,444   6,725,747   1,191,845   1,125,526   (10,741)   447,489   222,562   7,228,814   82,725
SPDR S&P MidCap 400 ETF Trust
9,792   4,689,487   622,520   1,152,919   281,626   430,568   8,755   4,871,282   42,511
State Street Institutional U.S. Government Money Market Fund, Class G Shares
10,331,839   10,331,839   24,588,736   21,574,063   —   —   13,346,512   13,346,512   530,276
State Street Navigator Securities Lending Portfolio II
41,508,999   41,508,999   1,416,475,464   1,424,953,059   —   —   33,031,404   33,031,404   205,228
The Communication Services Select Sector SPDR Fund
—   —   14,257,568   9,934,352   322,857   141,979   58,634   4,788,052   24,269
The Consumer Discretionary Select Sector SPDR Fund
28,532   4,845,019   2,543,790   7,177,879   (21,964)   (188,966)   —   —   8,266
The Consumer Staples Select Sector SPDR Fund
—   —   4,776,907   4,587,682   (189,225)   —   —   —   —
The Energy Select Sector SPDR Fund
—   —   5,678,771   5,215,782   (462,989)   —   —   —   79,653
The Financial Select Sector SPDR Fund
—   —   6,971,254   7,390,259   419,005   —   —   —   61
The Health Care Select Sector SPDR Fund
35,191   4,670,901   —   4,583,236   (8,069)   (79,596)   —   —   —
The Industrial Select Sector SPDR Fund
44,587   4,785,077   12,146,646   12,256,435   263,452   (97,971)   38,431   4,840,769   33,670
The Materials Select Sector SPDR Fund
—   —   7,023,471   6,964,559   (58,912)   —   —   —   —
The Technology Select Sector SPDR Fund
—   —   4,769,974   788,811   69,928   723,707   22,926   4,774,798   18,147
Total
    $271,138,183   $1,642,554,546   $1,659,244,048   $6,986,003   $10,962,311       $272,396,995   $4,227,375
See accompanying notes to Schedule of Investments.
6
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
SENIOR FLOATING RATE LOANS — 47.0%  
ADVERTISING SERVICES — 0.4%  
ABG Intermediate Holdings 2 LLC

2021 Term Loan B1 1 mo. USD Term SOFR + 3.50%, 8.93%, 12/21/2028 (a)
    $222,239   $223,351
CMG Media Corp.

2021 Term Loan 3 mo. USD Term SOFR  + 3.50%, 8.82%, 12/17/2026 (a)
    61,713   53,972
Wood Mackenzie Ltd.

2024 Term Loan B 3 mo. USD Term SOFR + 3.50%, 8.81%, 1/31/2031 (a)
    300,000   301,332
          578,655
AEROSPACE & DEFENSE — 0.4%  
Dynasty Acquisition Co., Inc.:          
2024 Term Loan B1 (b)
    230,872   231,471
2024 Term Loan B2 (b)
    94,445   94,691
Kaman Corp.

2024 Term Loan (b)
    260,000   260,569
          586,731
AIR FREIGHT & LOGISTICS — 0.3%  
Worldwide Express Operations LLC

2021 1st Lien Term Loan 3 mo. USD Term SOFR + 4.00%, 9.57%, 7/26/2028 (a)
    469,353   467,727
AIRLINES — 0.2%  
Kestrel Bidco, Inc.

Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.43%, 12/11/2026 (a)
    7,454   7,461
United Airlines, Inc.

2024 Term Loan B 3 mo. USD Term SOFR + 2.75%, 8.08%, 2/15/2031 (a)
    285,000   285,801
          293,262
AUTO COMPONENTS — 0.1%  
BBB Industries LLC

2022 Term Loan 1 mo. USD Term SOFR + 5.25%, 10.68%, 7/25/2029 (a)
    100,857   96,634
AUTO PARTS & EQUIPMENT — 0.5%  
Clarios Global LP

2024 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.33%, 5/6/2030 (a)
    174,375   175,029
First Brands Group LLC:          
2021 Term Loan 3 mo. USD Term SOFR + 5.00%, 10.57%, 3/30/2027 (a)
    14,389   14,429
Security Description     Principal
Amount 		  Value
2022 Incremental Term Loan 3 mo. USD Term SOFR + 5.00%, 10.57%, 3/30/2027 (a)
    $245,716   $246,176
Tenneco, Inc.

2022 Term Loan B 3 mo. USD Term SOFR  + 5.00%, 10.42%, 11/17/2028 (a)
    328,359   309,841
          745,475
BEVERAGES — 0.5%  
Triton Water Holdings, Inc.

Term Loan 3 mo. USD Term SOFR  + 3.25%, 8.86%, 3/31/2028 (a)
    693,616   687,204
BUILDING MATERIALS — 0.5%  
LHS Borrower LLC

2022 Term Loan B 1 mo. USD Term SOFR + 4.75%, 10.18%, 2/16/2029 (a)
    186,836   178,895
MI Windows and Doors LLC

2024 Term Loan B2 (b)
    325,000   326,930
Tamko Building Products LLC

2023 Term Loan 3 mo. USD Term SOFR  + 3.50%, 8.83%, 9/20/2030 (a)
    247,560   247,870
          753,695
BUILDING PRODUCTS — 0.9%  
ACProducts, Inc.

2021 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.86%, 5/17/2028 (a)
    207,827   190,227
Chamberlain Group, Inc.

Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.68%, 11/3/2028 (a)
    364,117   364,050
Cornerstone Building Brands, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.68%, 4/12/2028 (a)
    379,319   378,027
Oscar AcquisitionCo LLC

Term Loan B 3 mo. USD Term SOFR + 4.50%, 9.95%, 4/29/2029 (a)
    378,439   379,860
          1,312,164
CAPITAL MARKETS — 0.1%  
AqGen Island Holdings, Inc.

Term Loan 1 mo. USD Term SOFR + 3.50%, 8.94%, 8/2/2028 (a)
    207,591   207,098
CHEMICALS — 0.4%  
Nouryon Finance BV

2023 USD Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.31%, 4/3/2028 (a)
    429,898   431,778
 
See accompanying notes to Schedule of Investments.
7
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
PMHC II, Inc.

2022 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.72%, 4/23/2029 (a)
    $194,342   $192,660
          624,438
COMMERCIAL SERVICES — 3.7%  
AlixPartners LLP

2021 USD Term Loan B 1 mo. USD Term SOFR + 2.50%, 7.94%, 2/4/2028 (a)
    101,142   101,382
Allied Universal Holdco LLC

2021 USD Incremental Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.18%, 5/12/2028 (a)
    488,963   488,917
Camelot U.S. Acquisition LLC

2024 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/31/2031 (a)
    294,732   294,953
CoreLogic, Inc.

Term Loan 1 mo. USD Term SOFR + 3.50%, 8.94%, 6/2/2028 (a)
    158,699   155,563
Fugue Finance BV

2024 USD Term Loan B 3 mo. USD Term SOFR + 3.75%, 9.07%, 2/26/2031 (a)
    115,000   115,431
Groundworks LLC

2024 Term Loan (b)
    126,684   126,864
GTCR W Merger Sub LLC

USD Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.31%, 1/31/2031 (a)
    273,005   274,314
Homeserve USA Holding Corp.

Term Loan 1 mo. USD Term SOFR + 3.00%, 8.33%, 10/21/2030 (a)
    172,238   172,863
Mavis Tire Express Services Topco Corp.

2024 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 5/4/2028 (a)
    619,533   621,292
Neptune Bidco U.S., Inc.

2022 USD Term Loan B 3 mo. USD Term SOFR + 5.00%, 10.42%, 4/11/2029 (a)
    715,834   661,656
OMNIA Partners LLC

2024 Term Loan B 3 mo. USD Term SOFR + 3.75%, 9.07%, 7/25/2030 (a)
    397,253   399,549
PG Investment Co. 59 SARL

Term Loan B (b)
    430,000   431,344
Spring Education Group, Inc.

Term Loan 3 mo. USD Term SOFR  + 4.50%, 9.81%, 10/4/2030 (a)
    119,700   120,343
Security Description     Principal
Amount 		  Value
Thevelia (US) LLC

2024 USD Term Loan B 3 mo. USD Term SOFR  + 3.75%, 9.06%, 6/18/2029 (a)
    $503,363   $504,858
Verscend Holding Corp.

2021 Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.44%, 8/27/2025 (a)
    1,503   1,505
VT Topco, Inc.:          
2023 Term Loan B 1 mo. USD Term SOFR + 4.25%, 9.58%, 8/9/2030 (a)
    438   439
2024 Term Loan B (b)
    324,562   325,838
Wand NewCo 3, Inc.

2024 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/30/2031 (a)
    680,000   682,710
          5,479,821
COMMERCIAL SERVICES & SUPPLIES — 2.4%  
Asurion LLC:          
2020 Term Loan B8 1 wk. USD Term SOFR + 3.25%, 8.69%, 12/23/2026 (a)
    284,978   279,888
2021 Second Lien Term Loan B4 1 mo. USD Term SOFR + 5.25%, 10.69%, 1/20/2029 (a)
    835,165   751,194
2021 Term Loan B9 1 mo. USD Term SOFR + 3.25%, 8.69%, 7/31/2027 (a)
    554,224   533,936
2022 Term Loan B10 1 mo. USD Term SOFR + 4.00%, 9.43%, 8/19/2028 (a)
    179,136   172,978
Garda World Security Corp.

2022 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.58%, 2/1/2029 (a)
    777,020   779,452
McGraw-Hill Global Education Holdings LLC

2021 Term Loan 1 mo. USD Term SOFR + 4.75%, 10.19%, 7/28/2028 (a)
    841,207   843,760
Packaging Coordinators Midco, Inc.

2020 1st Lien Term Loan 3 mo. USD Term SOFR + 3.50%, 9.07%, 11/30/2027 (a)
    186,699   187,309
          3,548,517
COMMUNICATIONS EQUIPMENT — 0.1%  
Zayo Group Holdings, Inc.

USD Term Loan 1 mo. USD Term SOFR + 3.00%, 8.44%, 3/9/2027 (a)
    201,711   177,563
 
See accompanying notes to Schedule of Investments.
8
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
COMPUTERS — 0.5%  
Magenta Buyer LLC

2021 USD 1st Lien Term Loan 3 mo. USD Term SOFR + 5.00%, 10.57%, 7/27/2028 (a)
    $131,797   $79,078
Vision Solutions, Inc.

2021 Incremental Term Loan 3 mo. USD Term SOFR + 4.00%, 9.59%, 4/24/2028 (a)
    625,891   627,522
          706,600
CONSTRUCTION & ENGINEERING — 0.7%  
Artera Services LLC

2024 Term Loan 3 mo. USD Term SOFR + 4.50%, 9.81%, 2/15/2031 (a)
    340,000   341,700
Brown Group Holding LLC:          
2022 Incremental Term Loan B2 3 mo. USD Term SOFR + 3.00%, 8.38%, 7/2/2029 (a)
    53,130   53,194
Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.18%, 6/7/2028 (a)
    166,090   166,165
KKR Apple Bidco LLC

2021 Term Loan 1 mo. USD Term SOFR + 2.75%, 8.19%, 9/22/2028 (a)
    270,913   270,998
Radar Bidco SARL

2024 USD Term Loan B (b)
    135,000   135,169
          967,226
CONSUMER FINANCE — 0.2%  
Amentum Government Services Holdings LLC

Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.44%, 1/29/2027 (a)
    348,651   349,959
CONTAINERS & PACKAGING — 1.3%  
Berlin Packaging LLC

2021 Term Loan B5 1 mo. USD Term SOFR + 3.75%, 9.19%, 3/11/2028 (a)
    125,312   125,610
Charter NEX US, Inc.

2024 Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.83%, 12/1/2027 (a)
    374,171   375,277
Clydesdale Acquisition Holdings, Inc.

Term Loan B 1 mo. USD Term SOFR + 3.68%, 9.11%, 4/13/2029 (a)
    624,005   625,565
Graham Packaging Co., Inc.

2021 Term Loan 1 mo. USD Term SOFR + 3.00%, 8.44%, 8/4/2027 (a)
    50,148   50,195
Proampac PG Borrower LLC

2023 Term Loan (b)
    374,224   374,224
Security Description     Principal
Amount 		  Value
Supplyone, Inc.

2024 Term Loan B (b)
    $230,000   $229,282
Trident TPI Holdings, Inc.

2021 Term Loan B3 3 mo. USD Term SOFR + 4.00%, 9.57%, 9/15/2028 (a)
    78,500   78,626
          1,858,779
COSMETICS & TOILETRIES — 0.1%  
Solis IV BV

USD Term Loan B1 3 mo. USD Term SOFR + 3.50%, 8.82%, 2/26/2029 (a)
    145,074   143,657
DISTRIBUTION/WHOLESALE — 0.7%  
Fastlane Parent Co., Inc.

2023 Term Loan B 1 mo. USD Term SOFR + 4.50%, 9.83%, 9/29/2028 (a)
    374,510   374,679
Windsor Holdings III LLC

2024 USD Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.33%, 8/1/2030 (a)
    603,201   606,313
          980,992
DIVERSIFIED CONSUMER SERVICES — 0.3%  
Ascend Learning LLC:          
2021 2nd Lien Term Loan 1 mo. USD Term SOFR + 5.75%, 11.18%, 12/10/2029 (a)
    144,286   142,889
2021 Term Loan (b)
    349,107   347,625
          490,514
DIVERSIFIED FINANCIAL SERVICES — 2.3%  
Advisor Group, Inc.:          
2023 Term Loan B 1 mo. USD Term SOFR + 4.50%, 9.83%, 8/17/2028 (a)
    775,437   779,361
2024 Term Loan (b)
    112,892   113,463
Apex Group Treasury LLC

USD Term Loan 3 mo. USD Term SOFR + 3.75%, 9.33%, 7/27/2028 (a)
    90,273   90,329
Aretec Group, Inc.

2023 Incremental Term Loan 1 mo. USD Term SOFR + 4.50%, 9.93%, 8/9/2030 (a)
    750,967   756,130
Citadel Securities LP

2024 Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.58%, 7/29/2030 (a)
    60,911   60,929
Deerfield Dakota Holding LLC

2020 USD Term Loan B 3 mo. USD Term SOFR + 3.75%, 9.06%, 4/9/2027 (a)
    483,999   482,218
Edelman Financial Center LLC

2021 Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.94%, 4/7/2028 (a)
    499,161   499,832
 
See accompanying notes to Schedule of Investments.
9
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Eisner Advisory Group LLC

2024 Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.33%, 2/28/2031 (a)
    $290,000   $291,541
Focus Financial Partners LLC

2021 Term Loan B4 1 mo. USD Term SOFR + 2.50%, 7.83%, 6/30/2028 (a)
    155,863   155,455
Kestra Advisor Services Holdings A, Inc.

2024 Term Loan (b)
    225,000   225,657
NFP Corp.

2020 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 2/16/2027 (a)
    34,331   34,413
          3,489,328
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6%  
Altice France SA

2023 USD Term Loan B14 3 mo. USD Term SOFR + 5.50%, 10.81%, 8/15/2028 (a)
    272,399   218,005
CCI Buyer, Inc.

Term Loan 3 mo. USD Term SOFR + 4.00%, 9.32%, 12/17/2027 (a)
    623,959   621,117
          839,122
ELECTRICAL EQUIPMENT — 0.1%  
MX Holdings U.S., Inc.

2023 USD Term Loan B1D 1 mo. USD Term SOFR + 2.75%, 8.19%, 7/31/2028 (a)
    114,922   115,234
ELECTRONICS — 0.1%  
Coherent Corp.

Term Loan B1 (b)
    175,000   175,000
ENTERTAINMENT — 1.5%  
AP Gaming I LLC

2022 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/15/2029 (a)
    296,791   297,997
Bally's Corp.

2021 Term Loan B (b)
    228,481   215,104
Caesars Entertainment, Inc.

2024 Term Loan B1 3 mo. USD Term SOFR + 2.75%, 8.04%, 2/6/2031 (a)
    290,000   290,589
CE Intermediate I LLC

Term Loan B 3 mo. USD Term SOFR + 4.00%, 8.95%, 11/10/2028 (a)
    188,374   187,786
Crown Finance US, Inc.

2023 Exit Term Loan 1 mo. USD Term SOFR + 7.00%, 7.00%, 7/31/2028 (a)
    41,368   42,147
Security Description     Principal
Amount 		  Value
Fertitta Entertainment LLC

2022 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/27/2029 (a)
    $972,975   $976,424
GVC Holdings Ltd.

2022 USD Term Loan B2 3 mo. USD Term SOFR + 3.50%, 3.50%, 10/31/2029 (a)
    76,044   76,448
UFC Holdings LLC

2021 Term Loan B 3 mo. USD Term SOFR  + 2.75%, 8.34%, 4/29/2026 (a)
    120,305   120,623
          2,207,118
FOOD PRODUCTS — 0.2%  
Fiesta Purchaser, Inc.

2024 Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.32%, 2/12/2031 (a)
    150,000   150,427
Froneri International Ltd.

2020 USD Term Loan 1 mo. USD Term SOFR + 2.25%, 7.58%, 1/29/2027 (a)
    251   251
Solina Bidco

2024 Term Loan B (b)
    85,000   85,266
          235,944
FOOD-MISC/DIVERSIFIED — 0.1%  
Skopima Merger Sub, Inc.

Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.44%, 5/12/2028 (a)
    187,523   187,039
GROUND TRANSPORTATION — 0.1%  
Genesee & Wyoming, Inc.

Term Loan 3 mo. USD Term SOFR + 2.00%, 7.45%, 12/30/2026 (a)
    155,039   155,315
HEALTH CARE EQUIPMENT & SUPPLIES — 1.2%  
Auris Luxembourg III SARL

2024 USD Term Loan B2 (b)
    495,000   496,703
Bausch & Lomb Corp.

Term Loan 1 mo. USD Term SOFR + 3.25%, 8.68%, 5/10/2027 (a)
    609,528   603,890
Gainwell Acquisition Corp.

Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.41%, 10/1/2027 (a)
    509,162   487,968
Medline Borrower LP

2024 Term Loan B (b)
    141,241   141,756
          1,730,317
HEALTH CARE PROVIDERS & SERVICES — 1.3%  
GHX Ultimate Parent Corp.

2024 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.56%, 6/30/2027 (a)
    169,339   170,609
 
See accompanying notes to Schedule of Investments.
10
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Global Medical Response, Inc.

2020 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.84%, 10/2/2025 (a)
    $99,445   $93,168
ICON Luxembourg SARL

LUX Term Loan (b)
    160,109   160,682
LifePoint Health, Inc.:          
2023 Term Loan B 3 mo. USD Term SOFR + 5.50%, 11.09%, 11/16/2028 (a)
    423,857   425,484
2024 Term Loan B (b)
    600,000   602,304
Medline Borrower LP

USD Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.44%, 10/23/2028 (a)
    21,764   21,835
Midwest Physician Administrative Services LLC

2021 Term Loan 3 mo. USD Term SOFR + 3.25%, 8.82%, 3/12/2028 (a)
    110,853   92,602
PRA Health Sciences, Inc.

US Term Loan (b)
    36,517   36,648
Radnet Management, Inc.

2021 Term Loan 3 mo. USD Term SOFR + 3.00%, 8.57%, 4/21/2028 (a)
    136,385   136,660
Surgery Center Holdings, Inc.

2023 Term Loan 1 mo. USD Term SOFR  + 3.50%, 8.83%, 12/19/2030 (a)
    180,000   181,063
          1,921,055
HOME FURNISHINGS — 0.4%  
AI Aqua Merger Sub, Inc.

2021 1st Lien Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.07%, 7/31/2028 (a)
    621,873   623,689
HOOLDING COMPANIES & DIVERSIFIED — 0.4%  
Belfor Holdings, Inc.

2023 USD Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 11/1/2030 (a)
    349,959   352,147
Forward Air Corp.

Term Loan B 1 mo. USD Term SOFR + 4.50%, 9.83%, 12/19/2030 (a)
    177,123   174,886
          527,033
HOTELS, RESTAURANTS & LEISURE — 0.7%  
Alterra Mountain Co.:          
2021 Series B-2 Consenting Term Loan 1 mo. USD Term SOFR + 3.50%, 8.94%, 8/17/2028 (a)
    796   799
2024 Term Loan B2 (b)
    310,631   312,315
Security Description     Principal
Amount 		  Value
Caesars Entertainment, Inc.

Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.66%, 2/6/2030 (a)
    $316,929   $318,228
Peraton Corp.

Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/1/2028 (a)
    415,913   416,337
          1,047,679
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2%  
Kohler Energy Co. LLC

USD Term Loan B (b)
    321,541   322,411
INSURANCE — 3.0%  
Acrisure LLC:          
2020 Term Loan B (b)
    349,091   349,309
2021 First Lien Term Loan B 1 mo. USD Term SOFR + 4.25%, 9.69%, 2/15/2027 (a)
    169,528   170,269
Alliant Holdings Intermediate LLC

2023 Term Loan B6 1 mo. USD Term SOFR + 3.50%, 8.83%, 11/6/2030 (a)
    359,588   361,463
AmWINS Group, Inc.

2023 Incremental Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.19%, 2/19/2028 (a)
    128,375   128,767
AssuredPartners, Inc.

2020 Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.94%, 2/12/2027 (a)
    488,520   489,575
Broadstreet Partners, Inc.

2020 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.44%, 1/27/2027 (a)
    155,200   155,771
Howden Group Holdings Ltd.

2024 USD Term Loan B 3 mo. USD Term SOFR + 3.50%, 8.81%, 2/15/2031 (a)
    448,914   449,756
HUB International Ltd.

2024 Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.57%, 6/20/2030 (a)
    500,000   500,747
Sedgwick Claims Management Services, Inc.

2023 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/24/2028 (a)
    689,067   691,103
Truist Insurance Holdings LLC:          
1st Lien Term Loan (b)
    680,000   679,714
2nd Lien Term Loan (b)
    200,000   201,521
 
See accompanying notes to Schedule of Investments.
11
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
USI, Inc.:          
2023 Acquisition Term Loan 3 mo. USD Term SOFR + 3.25%, 8.60%, 9/27/2030 (a)
    $99,750   $99,945
2023 Term Loan B 3 mo. USD Term SOFR + 3.00%, 8.35%, 11/22/2029 (a)
    183,041   183,346
          4,461,286
INTERNET & CATALOG RETAIL — 0.0% (c)  
ION Trading Finance Ltd.

2021 USD Term Loan 3 mo. USD Term SOFR + 4.75%, 10.20%, 4/1/2028 (a)
    74,119   74,119
INTERNET & TELECOM — 0.3%  
Adevinta ASA

USD Term Loan B 3 mo. USD Term SOFR + 2.75%, 8.07%, 6/26/2028 (a)
    48,365   48,484
CNT Holdings I Corp.

2020 Term Loan 3 mo. USD Term SOFR + 3.50%, 8.82%, 11/8/2027 (a)
    169,575   170,092
Go Daddy Operating Co. LLC

2021 Term Loan B4 1 mo. USD Term SOFR + 2.00%, 7.33%, 8/10/2027 (a)
    821   822
PUG LLC

2024 Extended Term Loan B 3 mo. USD Term SOFR + 4.75%, 10.08%, 3/15/2030 (a)
    270,000   270,730
          490,128
INVESTMENT COMPANIES — 0.5%  
AL GCX Holdings LLC

Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.57%, 5/17/2029 (a)
    131,706   132,282
Brookfield WEC Holdings, Inc.

2024 Term Loan 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/27/2031 (a)
    156,027   156,027
Cd&R Hydra Buyer, Inc.

2024 Term Loan B (b)
    190,151   190,805
Mister Car Wash Holdings, Inc.

2024 Term Loan B (b)
    328,000   329,163
          808,277
IT SERVICES — 0.2%  
Access CIG LLC

2023 Term Loan 1 mo. USD Term SOFR + 5.00%, 10.33%, 8/18/2028 (a)
    247,883   248,464
Ahead DB Holdings LLC

2021 Term Loan B 3 mo. USD Term SOFR + 3.75%, 9.16%, 10/18/2027 (a)
    52,258   52,365
Security Description     Principal
Amount 		  Value
Presidio Holdings, Inc.

2020 Term Loan B 3 mo. USD Term SOFR + 3.50%, 8.91%, 1/22/2027 (a)
    $22,526   $22,625
          323,454
LEISURE INDUSTRY — 0.1%  
Carnival Corp.

2021 Incremental Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.69%, 10/18/2028 (a)
    148,041   148,426
LEISURE TIME — 0.2%  
Amer Sports Co.

USD Term Loan 3 mo. USD Term SOFR + 3.25%, 8.58%, 2/17/2031 (a)
    285,000   285,713
LEISURE&REC/GAMES — 0.3%  
Scientific Games Holdings LP

2022 USD Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.60%, 4/4/2029 (a)
    471,375   471,830
LIFE SCIENCES TOOLS & SERVICES — 0.1%  
Parexel International Corp.

2021 1st Lien Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 11/15/2028 (a)
    169,308   169,885
MACHINERY — 1.0%  
Chart Industries, Inc.

2023 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.67%, 3/15/2030 (a)
    156,668   157,321
Madison IAQ LLC

Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 6/21/2028 (a)
    434,053   433,940
Pro Mach Group, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 8/31/2028 (a)
    180,000   180,849
TK Elevator US Newco, Inc.

USD Term Loan B (b)
    694,082   697,215
          1,469,325
MEDIA — 2.6%  
Cengage Learning, Inc.

2024 Term Loan B (b)
    685,000   685,106
Cogeco Communications Finance (USA), LP

2023 Incremental Term Loan B 1 mo. USD Term SOFR + 2.50%, 7.94%, 9/1/2028 (a)
    125,992   123,157
CSC Holdings LLC

2019 Term Loan B5 1 mo. USD Term SOFR + 2.50%, 7.94%, 4/15/2027 (a)
    272,199   246,826
 
See accompanying notes to Schedule of Investments.
12
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Directv Financing LLC

2024 Term Loan 6 mo. USD Term SOFR + 5.00%, 10.25%, 8/2/2029 (a)
    $759,958   $760,608
Fleet Midco I Ltd.

2024 Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.58%, 2/21/2031 (a)
    150,000   150,375
Gray Television, Inc.

2021 Term Loan D 1 mo. USD Term SOFR + 3.00%, 8.44%, 12/1/2028 (a)
    58,419   54,930
iHeartCommunications, Inc.

2020 Term Loan 1 mo. USD Term SOFR + 3.00%, 8.44%, 5/1/2026 (a)
    265,837   233,510
MH Sub I LLC:          
2021 2nd Lien Term Loan 1 mo. USD Term SOFR + 6.25%, 11.58%, 2/23/2029 (a)
    116,242   112,371
2023 Term Loan 1 mo. USD Term SOFR + 4.25%, 9.58%, 5/3/2028 (a)
    607,166   604,267
Radiate Holdco LLC

2021 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.69%, 9/25/2026 (a)
    70,071   58,860
Univision Communications, Inc.

2022 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.69%, 1/31/2029 (a)
    501,742   501,481
UPC Broadband Holding BV

2020 USD Term Loan AT 1 mo. USD Term SOFR + 2.25%, 7.69%, 4/30/2028 (a)
    196,108   193,610
Virgin Media Bristol LLC

USD Term Loan N 1 mo. USD Term SOFR + 2.50%, 7.94%, 1/31/2028 (a)
    164,749   162,505
          3,887,606
MEDICAL LABS&TESTING SRV — 0.2%  
Electron BidCo, Inc.

2021 Term Loan 1 mo. USD Term SOFR + 3.00%, 8.44%, 11/1/2028 (a)
    60,471   60,664
U.S. Anesthesia Partners, Inc.

2021 Term Loan 1 mo. USD Term SOFR  + 4.25%, 9.69%, 10/1/2028 (a)
    260,992   250,154
          310,818
METAL FABRICATE & HARDWARE — 0.1%  
Crosby U.S. Acquisition Corp.

2024 Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.32%, 8/16/2029 (a)
    154,613   155,659
Security Description     Principal
Amount 		  Value
MISCELLANEOUS MANUFACTUR — 0.2%  
Touchdown Acquirer, Inc.

USD Term Loan 3 mo. USD Term SOFR  + 4.00%, 9.31%, 2/7/2031 (a)
    $369,162   $370,777
OIL, GAS & CONSUMABLE FUELS — 0.0% (c)  
Pacific Gas & Electric Co.

2020 Term Loan B1 1 mo. USD Term SOFR + 3.00%, 7.83%, 6/23/2027 (a)
    45,000   45,113
PHARMACEUTICALS — 0.2%  
Grifols Worldwide Operations USA, Inc.

2019 USD Term Loan B 3 mo. USD Term SOFR + 2.00%, 7.46%, 11/15/2027 (a)
    330,520   320,749
Jazz Financing Lux SARL

2024 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.44%, 5/5/2028 (a)
    49,935   50,247
          370,996
PIPELINES — 1.0%  
BIP PipeCo Holdings LLC

Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.58%, 12/6/2030 (a)
    160,000   160,450
Buckeye Partners LP

2024 Term Loan B3 1 mo. USD Term SOFR + 2.00%, 7.33%, 11/1/2026 (a)
    50,000   50,143
CQP Holdco LP

2023 4th Amendment Term Loan 3 mo. USD Term SOFR + 3.00%, 8.32%, 12/31/2030 (a)
    155,510   156,166
Freeport LNG Investments LLLP

Term Loan B 3 mo. USD Term SOFR + 3.50%, 9.08%, 12/21/2028 (a)
    676,218   672,492
Oryx Midstream Services Permian Basin LLC

2024 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.44%, 10/5/2028 (a)
    336,471   338,124
TransMontaigne Operating Co. LP

Term Loan B 1 mo. USD Term SOFR  + 3.50%, 8.94%, 11/17/2028 (a)
    150,994   151,224
          1,528,599
PROFESSIONAL SERVICES — 0.4%  
Anticimex International AB

2021 USD Term Loan B1 3 mo. USD Term SOFR + 3.15%, 8.46%, 11/16/2028 (a)
    174,312   174,731
 
See accompanying notes to Schedule of Investments.
13
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Proofpoint, Inc.

1st Lien Term Loan (b)
    $467,044   $467,807
          642,538
RETAIL — 1.1%  
Fogo De Chao, Inc.

2023 Term Loan B 1 mo. USD Term SOFR + 4.75%, 10.08%, 9/30/2030 (a)
    322,557   320,684
Foundation Building Materials Holding Co. LLC

2024 Term Loan B2 1 mo. USD Term SOFR + 4.00%, 9.31%, 1/29/2031 (a)
    200,000   201,088
Harbor Freight Tools USA, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.19%, 10/19/2027 (a)
    156,575   156,655
IRB Holding Corp.

2024 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.18%, 12/15/2027 (a)
    155,612   155,832
Medical Solutions Holdings, Inc.

2021 1st Lien Term Loan 1 mo. USD Term SOFR + 3.25%, 8.68%, 11/1/2028 (a)
    150,370   134,519
Tacala LLC

2024 Term Loan 1 mo. USD Term SOFR  + 4.00%, 9.33%, 1/31/2031 (a)
    600,000   601,314
          1,570,092
RETAIL-BUILDING PRODUCTS — 0.7%  
LBM Acquisition LLC

Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.18%, 12/17/2027 (a)
    743,521   743,060
Park River Holdings, Inc.

Term Loan 3 mo. USD Term SOFR + 3.25%, 8.84%, 12/28/2027 (a)
    331,536   329,671
          1,072,731
SHIPBUILDING — 0.2%  
LSF11 Trinity Bidco, Inc.

2023 Term Loan 1 mo. USD Term SOFR + 4.00%, 9.33%, 6/14/2030 (a)
    278,502   279,895
SOFTWARE — 7.8%  
Applied Systems, Inc.

2024 1st Lien Term Loan 3 mo. USD Term SOFR + 3.50%, 8.81%, 2/24/2031 (a)
    288,762   290,826
Apttus Corp.

2021 Term Loan 1 mo. USD Term SOFR + 4.00%, 9.44%, 5/8/2028 (a)
    169,082   169,479
Security Description     Principal
Amount 		  Value
Athenahealth Group, Inc.

2022 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.58%, 2/15/2029 (a)
    $517,765   $514,167
Banff Merger Sub, Inc.

2023 USD Term Loan 1 mo. USD Term SOFR + 4.25%, 9.58%, 12/29/2028 (a)
    772,693   778,569
Central Parent, Inc.

2023 Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.31%, 7/6/2029 (a)
    775,451   778,639
Cloud Software Group, Inc.:          
2022 USD Term Loan B 3 mo. USD Term SOFR + 4.50%, 9.91%, 3/30/2029 (a)
    825,457   822,638
2024 Term Loan (b)
    160,000   159,150
Cloudera, Inc.

2021 Term Loan 1 mo. USD Term SOFR + 3.75%, 9.08%, 10/8/2028 (a)
    139,644   139,339
Cotiviti Corp.

2024 Term Loan (b)
    400,000   399,500
DCert Buyer, Inc.

2019 Term loan B 1 mo. USD Term SOFR + 4.00%, 9.33%, 10/16/2026 (a)
    196,879   196,203
Dun & Bradstreet Corp.

2024 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/18/2029 (a)
    155,865   156,011
ECI Macola Max Holding LLC

2024 Extending Term Loans (b)
    245,000   245,000
EP Purchaser LLC

2021 Term Loan B 3 mo. USD Term SOFR + 3.50%, 9.07%, 11/6/2028 (a)
    144,282   143,470
Epicor Software Corp.

2020 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 7/30/2027 (a)
    86,598   87,002
EverCommerce, Inc.

Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.44%, 7/6/2028 (a)
    136,020   136,275
Flexera Software LLC

2021 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 3/3/2028 (a)
    185,279   185,910
Fortra LLC

2021 Term Loan 1 mo. USD Term SOFR + 4.00%, 9.43%, 11/19/2026 (a)
    86,449   83,824
Genesys Cloud Services Holdings II LLC

Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.19%, 12/1/2027 (a)
    285,000   286,426
 
See accompanying notes to Schedule of Investments.
14
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
I-Logic Technologies Bidco Ltd.

2021 USD Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.50%, 2/16/2028 (a)
    $177,920   $177,947
Informatica LLC

2021 USD Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.19%, 10/27/2028 (a)
    152,399   152,704
Ivanti Software, Inc.

2021 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.84%, 12/1/2027 (a)
    205,008   192,451
McAfee LLC

2022 USD Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.18%, 3/1/2029 (a)
    622,035   622,340
MeridianLink, Inc.

2021 Term Loan B 3 mo. USD Term SOFR + 3.00%, 8.61%, 11/10/2028 (a)
    114,124   114,323
Mitchell International, Inc.:          
2021 2nd Lien Term Loan 1 mo. USD Term SOFR + 6.50%, 11.94%, 10/15/2029 (a)
    77,379   77,427
2021 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 10/15/2028 (a)
    584,120   585,019
Particle Investments SARL

2024 Term Loan B (b)
    100,000   100,375
Polaris Newco LLC

USD Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.57%, 6/2/2028 (a)
    250,036   247,907
Project Alpha Intermediate Holding, Inc.

2023 1st Lien Term Loan B 3 mo. USD Term SOFR + 4.75%, 10.06%, 10/28/2030 (a)
    693,100   697,672
Project Ruby Ultimate Parent Corp.:          
2021 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 3/10/2028 (a)
    190,617   190,651
2024 Incremental Term Loan 1 mo. USD Term SOFR + 3.50%, 8.94%, 3/10/2028 (a)
    420,000   421,050
Quartz Acquireco LLC

Term Loan B 3 mo. USD Term SOFR + 3.50%, 8.81%, 6/28/2030 (a)
    199,000   199,933
Quest Software U.S. Holdings, Inc.

2022 Term Loan 3 mo. USD Term SOFR + 4.25%, 9.71%, 2/1/2029 (a)
    118,788   90,814
Security Description     Principal
Amount 		  Value
RealPage, Inc.

1st Lien Term Loan 1 mo. USD Term SOFR + 3.00%, 8.44%, 4/24/2028 (a)
    $444,041   $432,601
SolarWinds Holdings, Inc.

2024 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.58%, 2/5/2027 (a)
    477,600   479,391
Sovos Compliance LLC

2021 Term Loan 1 mo. USD Term SOFR  + 4.50%, 9.94%, 8/11/2028 (a)
    125,873   124,915
SS&C Technologies, Inc.:          
2022 Term Loan B6 1 mo. USD Term SOFR + 2.25%, 7.68%, 3/21/2029 (a)
    38,562   38,650
2022 Term Loan B7 1 mo. USD Term SOFR + 2.25%, 7.68%, 3/22/2029 (a)
    74,952   75,122
Surf Holdings LLC

USD Term Loan 1 mo. USD Term SOFR  + 3.50%, 8.94%, 3/5/2027 (a)
    93,680   93,979
UKG, Inc.

2021 2nd Lien Term Loan 3 mo. USD Term SOFR + 5.25%, 10.68%, 5/3/2027 (a)
    65,956   66,656
Waystar Technologies, Inc.

2024 Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.33%, 10/22/2029 (a)
    776,120   779,031
          11,533,386
SPECIALTY RETAIL — 1.7%  
K-Mac Holdings Corp.

2021 Term Loan (b)
    349,101   349,073
Michaels Cos., Inc.

2021 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.57%, 4/15/2028 (a)
    332,212   298,916
PetSmart, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.18%, 2/11/2028 (a)
    94,654   94,555
SRS Distribution, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.94%, 6/2/2028 (a)
    622,614   627,622
Staples, Inc.

7 Year Term Loan 1 mo. USD Term SOFR  + 5.00%, 10.44%, 4/16/2026 (a)
    674,200   668,837
Whatabrands LLC

2021 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.69%, 8/3/2028 (a)
    466,801   467,621
          2,506,624
 
See accompanying notes to Schedule of Investments.
15
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
STEEL-PRODUCERS — 0.5%  
Arsenal AIC Parent LLC

2024 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 8/18/2030 (a)
    $577,218   $579,888
Phoenix Services International LLC

2023 Exit PIK Term Loan 1 mo. USD Term SOFR + 6.10%, 5.33%, 6/30/2028 (a)
    210,462   198,360
          778,248
TELECOMMUNICATION EQUIP — 0.3%  
Coral-U.S. Co-Borrower LLC

2021 Term Loan B6 1 mo. USD Term SOFR + 3.00%, 8.44%, 10/15/2029 (a)
    261,333   260,779
Delta TopCo, Inc.

2020 Term Loan B 6 mo. USD Term SOFR + 3.75%, 9.12%, 12/1/2027 (a)
    118,206   118,483
          379,262
TRADING COMPANIES & DISTRIBUTORS — 0.3%  
Foundation Building Materials Holding Co. LLC

2021 Term Loan 3 mo. USD Term SOFR + 3.25%, 8.82%, 1/31/2028 (a)
    375,602   376,454
TRANSPORT-SERVICES — 0.5%  
Endure Digital, Inc.

Term Loan 6 mo. USD Term SOFR + 3.50%, 9.42%, 2/10/2028 (a)
    393,531   384,972
Kenan Advantage Group, Inc.

2024 Term Loan B3 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/25/2029 (a)
    311,174   311,855
          696,827
TOTAL SENIOR FLOATING RATE LOANS

(Cost $69,211,525)
        69,841,063
ASSET-BACKED SECURITIES — 8.5%  
OTHER ABS — 8.5%  
Apidos CLO XI Ltd.

Series 2012-11A, Class ER3, 3 mo. USD Term SOFR + 6.83%, 12.15%, 4/17/2034 (a) (d)
    500,000   493,400
ARES LXII CLO Ltd.

Series 2021-62A, Class E, 3 mo. USD Term SOFR + 6.76%, 12.09%, 1/25/2034 (a) (d)
    650,000   634,530
Security Description     Principal
Amount 		  Value
ARES LXVIII CLO Ltd.

Series 2023-68A, Class E, 3 mo. USD Term SOFR + 8.55%, 13.87%, 4/25/2035 (a) (d)
    $750,000   $752,400
Balboa Bay Loan Funding Ltd.

Series 2021-2A, Class E, 3 mo. USD Term SOFR + 6.86%, 12.18%, 1/20/2035 (a) (d)
    500,000   466,700
Ballyrock CLO Ltd.

Series 2020-2A, Class DR, 3 mo. USD Term SOFR + 6.41%, 11.73%, 10/20/2031 (a) (d)
    750,000   741,150
Barings CLO Ltd.

Series 2019-3A, Class ER, 3 mo. USD Term SOFR + 6.96%, 12.28%, 4/20/2031 (a) (d)
    750,000   741,968
Benefit Street Partners CLO X Ltd.

Series 2016-10A, Class DRR, 3 mo. USD Term SOFR + 7.01%, 12.33%, 4/20/2034 (a) (d)
    500,000   494,500
Canyon CLO Ltd.

Series 2020-1A, Class ER, 3 mo. USD Term SOFR + 6.61%, 11.93%, 7/15/2034 (a) (d)
    602,000   583,880
Carlyle U.S. CLO Ltd.:          
Series 2020-1A, Class DR, 3 mo. USD Term SOFR + 6.51%, 11.83%, 7/20/2034 (a) (d)
    500,000   490,600
Series 2021-9A, Class E, 3 mo. USD Term SOFR + 6.89%, 12.21%, 10/20/2034 (a) (d)
    712,882   701,690
CarVal CLO IX-C Ltd.

Series 2024-1A, Class E, 3 mo. USD Term SOFR + 6.75%, 12.07%, 4/20/2037 (a) (d)
    500,000   496,950
Galaxy XXIV CLO Ltd.

Series 2017-24A, Class DR, 3 mo. USD Term SOFR + 4.15%, 9.47%, 4/15/2037 (a) (d)
    500,000   500,804
GoldenTree Loan Management U.S. CLO 12 Ltd.

Series 2022-12A, Class E, 3 mo. USD Term SOFR + 7.25%, 12.57%, 4/20/2034 (a) (d)
    500,000   494,900
 
See accompanying notes to Schedule of Investments.
16
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Magnetite XXXI Ltd.

Series 2021-31A, Class D, 3 mo. USD Term SOFR + 3.26%, 8.58%, 7/15/2034 (a) (d)
    $500,000   $489,500
Palmer Square CLO Ltd.

Series 2019-1A, Class DR, 3 mo. USD Term SOFR + 6.76%, 12.07%, 11/14/2034 (a) (d)
    500,000   493,000
Point Au Roche Park CLO Ltd.

Series 2021-1A, Class E, 3 mo. USD Term SOFR + 6.36%, 11.68%, 7/20/2034 (a) (d)
    1,480,000   1,444,332
Rad CLO 10 Ltd.

Series 2021-10A, Class E, 3 mo. USD Term SOFR + 6.11%, 11.43%, 4/23/2034 (a) (d)
    500,000   492,250
Rad CLO 15 Ltd.

Series 2021-15A, Class E, 3 mo. USD Term SOFR + 6.46%, 11.78%, 1/20/2034 (a) (d)
    652,349   637,932
RR 20 Ltd.

Series 2022-20A, Class D, 3 mo. USD Term SOFR + 7.25%, 12.56%, 7/15/2037 (a) (d)
    500,000   500,880
Vibrant CLO XVI Ltd.

Series 2023-16A, Class C, 3 mo. USD Term SOFR + 5.84%, 11.15%, 4/15/2036 (a) (d)
    500,000   512,809
Voya CLO Ltd.

Series 2019-2A, Class E, 3 mo. USD Term SOFR + 6.86%, 12.18%, 7/20/2032 (a) (d)
    500,000   481,550
          12,645,725
TOTAL ASSET-BACKED SECURITIES

(Cost $12,111,318)
        12,645,725
    Shares  
COMMON STOCKS — 0.2%
AEROSPACE & DEFENSE — 0.2%
Flame Newco LLC (e) (f)
  19,856 205,112
ENTERTAINMENT — 0.0% (c)
Cineworld Group PLC (e) (f)
  1,834 33,012
TOTAL COMMON STOCKS

(Cost $242,709)
    238,124
    
Security Description     Shares   Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS — 3.2%  
DOMESTIC FIXED INCOME — 3.2%  
SPDR Blackstone Senior Loan ETF (g)

(Cost $4,609,215)
    110,911   $4,670,462
    Principal
Amount 		 
CORPORATE BONDS & NOTES — 39.1%
ADVERTISING — 0.7%
Advantage Sales & Marketing, Inc.

6.50%, 11/15/2028 (d)
  $335,000 315,479
Clear Channel Outdoor Holdings, Inc.:      
7.50%, 6/1/2029 (d)
  360,000 297,785
7.75%, 4/15/2028 (d)
  280,000 245,059
7.88%, 4/1/2030 (d)
  79,000 78,524
Outfront Media Capital LLC/Outfront Media Capital Corp.

4.25%, 1/15/2029 (d)
  60,000 54,369
AEROSPACE & DEFENSE — 1.0%
AAR Escrow Issuer LLC

6.75%, 3/15/2029 (d)
  50,000 50,390
Moog, Inc.

4.25%, 12/15/2027 (d)
  100,000 94,187
Rolls-Royce PLC

5.75%, 10/15/2027 (d)
  400,000 401,188
Spirit AeroSystems, Inc.

4.60%, 6/15/2028
  56,000 52,549
TransDigm, Inc.:      
4.63%, 1/15/2029
  467,000 433,488
4.88%, 5/1/2029
  420,000 390,373
AIRLINES — 0.1%
American Airlines, Inc.

7.25%, 2/15/2028 (d)
  100,000 101,497
AUTO MANUFACTURERS — 0.5%
Allison Transmission, Inc.

3.75%, 1/30/2031 (d)
  780,000 681,057
Wabash National Corp.

4.50%, 10/15/2028 (d)
  10,000 9,169
AUTO PARTS & EQUIPMENT — 0.2%
Phinia, Inc.

6.75%, 4/15/2029 (d)
  101,000 101,983
Titan International, Inc.

7.00%, 4/30/2028
  150,000 148,059
BANKS — 0.4%
Intesa Sanpaolo SpA

5.71%, 1/15/2026 (d)
  434,000 430,537
Popular, Inc.

7.25%, 3/13/2028
  175,000 179,130
 
See accompanying notes to Schedule of Investments.
17
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
BEVERAGES — 0.1%  
Primo Water Holdings, Inc.

4.38%, 4/30/2029 (d)
    $90,000   $82,616
CHEMICALS — 0.5%  
Ashland, Inc.

3.38%, 9/1/2031 (d)
    380,000   321,568
Chemours Co.

5.75%, 11/15/2028 (d)
    100,000   91,667
Methanex Corp.

5.25%, 12/15/2029
    330,000   315,780
Nufarm Australia Ltd./Nufarm Americas, Inc.

5.00%, 1/27/2030 (d)
    80,000   73,284
COAL — 0.1%  
SunCoke Energy, Inc.

4.88%, 6/30/2029 (d)
    220,000   199,353
COMMERCIAL SERVICES — 1.5%  
Adtalem Global Education, Inc.

5.50%, 3/1/2028 (d)
    180,000   172,409
Deluxe Corp.

8.00%, 6/1/2029 (d)
    110,000   101,299
Sabre GLBL, Inc.

8.63%, 6/1/2027 (d)
    220,000   193,057
Service Corp. International:          
3.38%, 8/15/2030
    253,000   219,359
4.00%, 5/15/2031
    410,000   363,465
TriNet Group, Inc.

3.50%, 3/1/2029 (d)
    170,000   152,481
United Rentals North America, Inc.

3.75%, 1/15/2032
    320,000   278,886
Upbound Group, Inc.

6.38%, 2/15/2029 (d)
    150,000   145,637
Valvoline, Inc.

3.63%, 6/15/2031 (d)
    545,000   470,242
ZipRecruiter, Inc.

5.00%, 1/15/2030 (d)
    150,000   132,216
COMPUTERS — 0.7%  
KBR, Inc.

4.75%, 9/30/2028 (d)
    90,000   83,057
NCR Voyix Corp.:          
5.00%, 10/1/2028 (d)
    50,000   46,638
5.13%, 4/15/2029 (d)
    300,000   278,130
Science Applications International Corp.

4.88%, 4/1/2028 (d)
    170,000   162,350
Seagate HDD Cayman:          
4.09%, 6/1/2029
    300,000   277,161
4.13%, 1/15/2031
    292,000   256,633
CONSTRUCTION MATERIALS — 0.6%  
Builders FirstSource, Inc.:          
5.00%, 3/1/2030 (d)
    120,000   114,446
6.38%, 3/1/2034 (d)
    119,000   119,457
Griffon Corp.

5.75%, 3/1/2028
    430,000   421,297
Security Description     Principal
Amount 		  Value
JELD-WEN, Inc.

4.88%, 12/15/2027 (d)
    $100,000   $95,701
Louisiana-Pacific Corp.

3.63%, 3/15/2029 (d)
    150,000   136,563
DIVERSIFIED FINANCIAL SERVICES — 4.1%  
Ally Financial, Inc.

6.70%, 2/14/2033
    420,000   424,511
Burford Capital Global Finance LLC:          
6.88%, 4/15/2030 (d)
    150,000   147,681
9.25%, 7/1/2031 (d)
    230,000   243,485
Enova International, Inc.

11.25%, 12/15/2028 (d)
    150,000   158,663
goeasy Ltd.:          
7.63%, 7/1/2029 (d)
    290,000   290,902
9.25%, 12/1/2028 (d)
    308,000   327,903
Nationstar Mortgage Holdings, Inc.:          
5.13%, 12/15/2030 (d)
    160,000   145,208
5.50%, 8/15/2028 (d)
    460,000   439,834
5.75%, 11/15/2031 (d)
    153,000   141,208
7.13%, 2/1/2032 (d)
    200,000   198,552
Navient Corp.:          
4.88%, 3/15/2028
    420,000   390,541
9.38%, 7/25/2030
    57,000   60,958
11.50%, 3/15/2031
    70,000   77,991
Series MTN, 5.63%, 8/1/2033
    490,000   405,264
OneMain Finance Corp.:          
3.50%, 1/15/2027
    600,000   557,058
4.00%, 9/15/2030
    90,000   77,048
5.38%, 11/15/2029
    110,000   103,391
7.88%, 3/15/2030
    159,000   164,342
PennyMac Financial Services, Inc.:          
4.25%, 2/15/2029 (d)
    220,000   200,548
5.75%, 9/15/2031 (d)
    470,000   436,437
7.88%, 12/15/2029 (d)
    287,000   294,964
PHH Mortgage Corp.

7.88%, 3/15/2026 (d)
    50,000   48,396
PRA Group, Inc.:          
5.00%, 10/1/2029 (d)
    40,000   33,711
8.38%, 2/1/2028 (d)
    50,000   49,692
StoneX Group, Inc.

7.88%, 3/1/2031 (d)
    190,000   192,707
Synchrony Financial

7.25%, 2/2/2033
    350,000   348,264
World Acceptance Corp.

7.00%, 11/1/2026 (d)
    122,000   113,478
ELECTRIC — 1.1%  
NRG Energy, Inc.:          
3.38%, 2/15/2029 (d)
    378,000   336,205
3.63%, 2/15/2031 (d)
    220,000   189,935
3.88%, 2/15/2032 (d)
    110,000   94,382
PG&E Corp.

5.25%, 7/1/2030
    170,000   162,035
 
See accompanying notes to Schedule of Investments.
18
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Vistra Operations Co. LLC:          
4.38%, 5/1/2029 (d)
    $389,000   $360,502
7.75%, 10/15/2031 (d)
    464,000   485,646
ELECTRICAL COMPONENTS & EQUIPMENT — 0.2%  
Energizer Holdings, Inc.:          
4.38%, 3/31/2029 (d)
    160,000   143,344
4.75%, 6/15/2028 (d)
    240,000   222,578
ELECTRONICS — 0.1%  
Coherent Corp.

5.00%, 12/15/2029 (d)
    200,000   188,378
ENGINEERING & CONSTRUCTION — 0.3%  
Great Lakes Dredge & Dock Corp.

5.25%, 6/1/2029 (d)
    121,000   107,686
TopBuild Corp.:          
3.63%, 3/15/2029 (d)
    210,000   190,962
4.13%, 2/15/2032 (d)
    210,000   185,919
ENTERTAINMENT — 0.6%  
Churchill Downs, Inc.

4.75%, 1/15/2028 (d)
    400,000   380,756
Cinemark USA, Inc.

5.25%, 7/15/2028 (d)
    100,000   94,684
Light & Wonder International, Inc.

7.50%, 9/1/2031 (d)
    47,000   48,904
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.:          
5.13%, 10/1/2029 (d)
    227,000   215,169
7.13%, 2/15/2031 (d)
    190,000   196,686
ENVIRONMENTAL CONTROL — 0.1%  
Stericycle, Inc.

3.88%, 1/15/2029 (d)
    100,000   90,689
FOOD — 0.8%  
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC

3.50%, 3/15/2029 (d)
    200,000   179,446
Lamb Weston Holdings, Inc.:          
4.13%, 1/31/2030 (d)
    140,000   127,732
4.88%, 5/15/2028 (d)
    240,000   233,045
Post Holdings, Inc.:          
4.50%, 9/15/2031 (d)
    100,000   89,961
4.63%, 4/15/2030 (d)
    120,000   110,147
5.50%, 12/15/2029 (d)
    390,000   376,759
FOREST PRODUCTS & PAPER — 0.1%  
Mercer International, Inc.

5.13%, 2/1/2029
    127,000   111,831
HEALTH CARE PRODUCTS — 0.1%  
Hologic, Inc.

3.25%, 2/15/2029 (d)
    200,000   179,358
HEALTH CARE SERVICES — 1.5%  
Acadia Healthcare Co., Inc.

5.00%, 4/15/2029 (d)
    300,000   284,970
Security Description     Principal
Amount 		  Value
Charles River Laboratories International, Inc.

4.25%, 5/1/2028 (d)
    $100,000   $94,389
CHS/Community Health Systems, Inc.:          
4.75%, 2/15/2031 (d)
    110,000   84,882
5.25%, 5/15/2030 (d)
    100,000   81,575
6.13%, 4/1/2030 (d)
    10,000   7,200
6.88%, 4/15/2029 (d)
    155,000   116,169
10.88%, 1/15/2032 (d)
    40,000   41,312
DaVita, Inc.:          
3.75%, 2/15/2031 (d)
    240,000   200,801
4.63%, 6/1/2030 (d)
    460,000   411,746
Encompass Health Corp.:          
4.50%, 2/1/2028
    370,000   352,221
4.63%, 4/1/2031
    385,000   349,884
ModivCare Escrow Issuer, Inc.

5.00%, 10/1/2029 (d)
    40,000   28,996
Molina Healthcare, Inc.:          
3.88%, 11/15/2030 (d)
    10,000   8,894
3.88%, 5/15/2032 (d)
    190,000   165,591
HOME BUILDERS — 1.7%  
Beazer Homes USA, Inc.

7.25%, 10/15/2029
    270,000   273,253
Century Communities, Inc.

3.88%, 8/15/2029 (d)
    370,000   333,166
Dream Finders Homes, Inc.

8.25%, 8/15/2028 (d)
    130,000   135,660
Forestar Group, Inc.

3.85%, 5/15/2026 (d)
    83,000   79,272
KB Home

4.00%, 6/15/2031
    353,000   312,963
LGI Homes, Inc.:          
4.00%, 7/15/2029 (d)
    150,000   131,069
8.75%, 12/15/2028 (d)
    35,000   36,958
M/I Homes, Inc.:          
3.95%, 2/15/2030
    145,000   130,429
4.95%, 2/1/2028
    160,000   152,470
Taylor Morrison Communities, Inc.:          
5.13%, 8/1/2030 (d)
    340,000   324,965
5.75%, 1/15/2028 (d)
    225,000   223,718
Thor Industries, Inc.

4.00%, 10/15/2029 (d)
    150,000   134,334
Tri Pointe Homes, Inc.

5.70%, 6/15/2028
    290,000   285,247
HOME FURNISHINGS — 0.4%  
Tempur Sealy International, Inc.:          
3.88%, 10/15/2031 (d)
    60,000   51,023
4.00%, 4/15/2029 (d)
    680,000   617,746
HOUSEHOLD PRODUCTS — 0.1%  
Edgewell Personal Care Co.

4.13%, 4/1/2029 (d)
    160,000   146,866
 
See accompanying notes to Schedule of Investments.
19
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
HOUSEHOLD PRODUCTS & WARES — 0.3%  
Central Garden & Pet Co.

4.13%, 10/15/2030
    $545,000   $488,865
INTERNET — 1.3%  
ANGI Group LLC

3.88%, 8/15/2028 (d)
    220,000   190,945
Cogent Communications Group, Inc.

7.00%, 6/15/2027 (d)
    400,000   398,212
Go Daddy Operating Co. LLC/GD Finance Co., Inc.

3.50%, 3/1/2029 (d)
    500,000   451,015
Rakuten Group, Inc.

11.25%, 2/15/2027 (d)
    820,000   868,503
INVESTMENT COMPANY SECURITY — 0.2%  
Compass Group Diversified Holdings LLC

5.25%, 4/15/2029 (d)
    300,000   284,949
IRON/STEEL — 0.3%  
Commercial Metals Co.

4.38%, 3/15/2032
    120,000   107,887
Mineral Resources Ltd.

8.00%, 11/1/2027 (d)
    330,000   336,373
IT SERVICES — 0.1%  
ASGN, Inc.

4.63%, 5/15/2028 (d)
    80,000   75,675
Seagate HDD Cayman

9.63%, 12/1/2032
    50,000   57,009
LEISURE TIME — 0.5%  
Carnival Corp.

5.75%, 3/1/2027 (d)
    170,000   168,278
NCL Corp. Ltd.

7.75%, 2/15/2029 (d)
    330,000   343,141
Royal Caribbean Cruises Ltd.

3.70%, 3/15/2028
    245,000   227,813
LODGING — 0.8%  
Hilton Domestic Operating Co., Inc.:          
3.63%, 2/15/2032 (d)
    371,000   319,672
3.75%, 5/1/2029 (d)
    590,000   540,959
Station Casinos LLC

4.63%, 12/1/2031 (d)
    190,000   171,021
Travel & Leisure Co.

4.50%, 12/1/2029 (d)
    40,000   36,720
Wyndham Hotels & Resorts, Inc.

4.38%, 8/15/2028 (d)
    200,000   185,804
MACHINERY, CONSTRUCTION & MINING — 0.2%  
BWX Technologies, Inc.:          
4.13%, 6/30/2028 (d)
    90,000   84,065
4.13%, 4/15/2029 (d)
    250,000   230,592
MACHINERY-DIVERSIFIED — 0.1%  
ATS Corp.

4.13%, 12/15/2028 (d)
    148,000   135,529
Security Description     Principal
Amount 		  Value
Esab Corp.

6.25%, 4/15/2029 (d)
    $55,000   $55,294
MEDIA — 1.5%  
AMC Networks, Inc.

4.25%, 2/15/2029
    210,000   148,886
CCO Holdings LLC/CCO Holdings Capital Corp.:          
4.25%, 2/1/2031 (d)
    60,000   48,836
4.25%, 1/15/2034 (d)
    70,000   52,830
4.50%, 8/15/2030 (d)
    100,000   84,001
4.75%, 3/1/2030 (d)
    370,000   317,382
5.00%, 2/1/2028 (d)
    60,000   55,871
CSC Holdings LLC:          
6.50%, 2/1/2029 (d)
    70,000   59,500
7.50%, 4/1/2028 (d)
    40,000   26,904
11.25%, 5/15/2028 (d)
    50,000   49,590
11.75%, 1/31/2029 (d)
    200,000   200,054
Gray Television, Inc.:          
4.75%, 10/15/2030 (d)
    175,000   114,898
5.38%, 11/15/2031 (d)
    192,000   126,033
News Corp.:          
3.88%, 5/15/2029 (d)
    300,000   274,884
5.13%, 2/15/2032 (d)
    75,000   70,669
Nexstar Media, Inc.:          
4.75%, 11/1/2028 (d)
    290,000   264,364
5.63%, 7/15/2027 (d)
    70,000   67,208
Scripps Escrow, Inc.

5.88%, 7/15/2027 (d)
    65,000   54,310
Sinclair Television Group, Inc.:          
4.13%, 12/1/2030 (d)
    50,000   36,357
5.50%, 3/1/2030 (d)
    90,000   64,845
Sirius XM Radio, Inc.

4.00%, 7/15/2028 (d)
    100,000   91,500
METAL FABRICATE & HARDWARE — 0.0% (c)  
Park-Ohio Industries, Inc.

6.63%, 4/15/2027
    60,000   56,182
MINING — 0.9%  
Eldorado Gold Corp.

6.25%, 9/1/2029 (d)
    230,000   220,667
FMG Resources August 2006 Pty. Ltd.:          
4.38%, 4/1/2031 (d)
    160,000   143,008
4.50%, 9/15/2027 (d)
    100,000   95,947
5.88%, 4/15/2030 (d)
    300,000   294,942
6.13%, 4/15/2032 (d)
    385,000   380,622
IAMGOLD Corp.

5.75%, 10/15/2028 (d)
    155,000   142,188
Taseko Mines Ltd.

7.00%, 2/15/2026 (d)
    90,000   90,382
MISCELLANEOUS MANUFACTURER — 0.2%  
Hillenbrand, Inc.

3.75%, 3/1/2031
    350,000   303,114
 
See accompanying notes to Schedule of Investments.
20
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
OFFICE & BUSINESS EQUIPMENT — 0.7%  
Pitney Bowes, Inc.:          
6.88%, 3/15/2027 (d)
    $90,000   $82,255
7.25%, 3/15/2029 (d)
    50,000   44,668
Xerox Holdings Corp.

5.50%, 8/15/2028 (d)
    940,000   855,795
OFFICE FURNISHINGS — 0.1%  
Steelcase, Inc.

5.13%, 1/18/2029
    210,000   198,498
OIL & GAS — 2.7%  
Baytex Energy Corp.

8.50%, 4/30/2030 (d)
    50,000   52,166
Calumet Specialty Products Partners LP/Calumet Finance Corp.:          
8.13%, 1/15/2027 (d)
    10,000   9,753
9.75%, 7/15/2028 (d)
    250,000   247,752
Civitas Resources, Inc.

8.75%, 7/1/2031 (d)
    135,000   144,550
CNX Resources Corp.:          
6.00%, 1/15/2029 (d)
    388,000   380,256
7.25%, 3/1/2032 (d)
    116,000   118,025
CVR Energy, Inc.

5.75%, 2/15/2028 (d)
    374,000   351,545
EnQuest PLC

11.63%, 11/1/2027 (d)
    76,000   75,146
Northern Oil & Gas, Inc.

8.75%, 6/15/2031 (d)
    94,000   99,295
Parkland Corp.:          
4.50%, 10/1/2029 (d)
    480,000   443,957
4.63%, 5/1/2030 (d)
    413,000   380,749
PBF Holding Co. LLC/PBF Finance Corp.

7.88%, 9/15/2030 (d)
    216,000   223,826
Precision Drilling Corp.

6.88%, 1/15/2029 (d)
    300,000   299,253
Sunoco LP/Sunoco Finance Corp.:          
4.50%, 5/15/2029
    820,000   763,518
4.50%, 4/30/2030
    60,000   55,034
Transocean, Inc.

7.50%, 4/15/2031
    136,000   126,379
Valaris Ltd.

8.38%, 4/30/2030 (d)
    280,000   288,364
OIL & GAS SERVICES — 0.4%  
Archrock Partners LP/Archrock Partners Finance Corp.

6.25%, 4/1/2028 (d)
    300,000   296,169
Helix Energy Solutions Group, Inc.

9.75%, 3/1/2029 (d)
    135,000   144,401
Oceaneering International, Inc.

6.00%, 2/1/2028
    100,000   98,739
Security Description     Principal
Amount 		  Value
PACKAGING & CONTAINERS — 0.2%  
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC

4.00%, 9/1/2029 (d)
    $310,000   $249,931
Ball Corp.

3.13%, 9/15/2031
    30,000   25,564
Graphic Packaging International LLC

3.75%, 2/1/2030 (d)
    20,000   17,816
PHARMACEUTICALS — 0.2%  
AdaptHealth LLC

5.13%, 3/1/2030 (d)
    150,000   130,827
Prestige Brands, Inc.

3.75%, 4/1/2031 (d)
    150,000   130,632
PIPELINES — 1.6%  
Antero Midstream Partners LP/Antero Midstream Finance Corp.:          
5.38%, 6/15/2029 (d)
    200,000   192,378
5.75%, 1/15/2028 (d)
    100,000   98,421
6.63%, 2/1/2032 (d)
    168,000   168,717
Delek Logistics Partners LP/Delek Logistics Finance Corp.:          
7.13%, 6/1/2028 (d)
    94,000   91,828
8.63%, 3/15/2029 (d)
    127,000   129,703
EnLink Midstream Partners LP:          
5.05%, 4/1/2045
    120,000   99,162
5.45%, 6/1/2047
    220,000   191,138
Global Partners LP/GLP Finance Corp.

6.88%, 1/15/2029
    283,000   281,209
Hess Midstream Operations LP:          
4.25%, 2/15/2030 (d)
    200,000   183,846
5.13%, 6/15/2028 (d)
    210,000   203,127
5.50%, 10/15/2030 (d)
    400,000   387,708
NGL Energy Operating LLC/NGL Energy Finance Corp.:          
8.13%, 2/15/2029 (d)
    135,000   138,276
8.38%, 2/15/2032 (d)
    90,000   92,287
NuStar Logistics LP

6.38%, 10/1/2030
    100,000   100,914
REAL ESTATE — 0.8%  
Howard Hughes Corp.:          
4.13%, 2/1/2029 (d)
    505,000   453,990
4.38%, 2/1/2031 (d)
    210,000   182,265
Newmark Group, Inc.

7.50%, 1/12/2029 (d)
    267,000   274,532
Realogy Group LLC/Realogy Co.-Issuer Corp.

5.75%, 1/15/2029 (d)
    300,000   212,550
REAL ESTATE INVESTMENT TRUSTS — 2.3%  
Apollo Commercial Real Estate Finance, Inc.

4.63%, 6/15/2029 (d)
    220,000   185,425
 
See accompanying notes to Schedule of Investments.
21
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Brandywine Operating Partnership LP

4.55%, 10/1/2029
    $180,000   $157,088
Hudson Pacific Properties LP

4.65%, 4/1/2029
    70,000   59,782
Iron Mountain, Inc.:          
5.25%, 3/15/2028 (d)
    300,000   290,313
5.25%, 7/15/2030 (d)
    280,000   264,872
5.63%, 7/15/2032 (d)
    60,000   56,663
7.00%, 2/15/2029 (d)
    49,000   49,958
REIT, 4.50%, 2/15/2031 (d)
    200,000   180,692
Rithm Capital Corp.

8.00%, 4/1/2029 (d)
    232,000   225,158
Service Properties Trust:          
3.95%, 1/15/2028
    415,000   355,003
4.95%, 2/15/2027
    270,000   249,834
4.95%, 10/1/2029
    10,000   8,180
Starwood Property Trust, Inc.:          
4.38%, 1/15/2027 (d)
    620,000   583,221
7.25%, 4/1/2029 (d)
    55,000   55,432
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC

6.00%, 1/15/2030 (d)
    110,000   82,119
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC:          
6.50%, 2/15/2029 (d)
    570,000   442,320
10.50%, 2/15/2028 (d)
    40,000   41,494
Vornado Realty LP

3.40%, 6/1/2031
    140,000   110,778
RETAIL — 4.0%  
1011778 BC ULC/New Red Finance, Inc.

3.50%, 2/15/2029 (d)
    400,000   365,308
Asbury Automotive Group, Inc.:          
4.63%, 11/15/2029 (d)
    120,000   111,024
5.00%, 2/15/2032 (d)
    270,000   244,590
Bath & Body Works, Inc.:          
6.75%, 7/1/2036
    230,000   232,222
6.88%, 11/1/2035
    230,000   234,956
Bloomin' Brands, Inc./OSI Restaurant Partners LLC

5.13%, 4/15/2029 (d)
    131,000   121,619
BlueLinx Holdings, Inc.

6.00%, 11/15/2029 (d)
    70,000   67,894
FirstCash, Inc.:          
4.63%, 9/1/2028 (d)
    110,000   103,552
5.63%, 1/1/2030 (d)
    120,000   114,157
6.88%, 3/1/2032 (d)
    278,000   278,189
Foot Locker, Inc.

4.00%, 10/1/2029 (d)
    170,000   143,150
Gap, Inc.:          
3.63%, 10/1/2029 (d)
    613,000   537,006
3.88%, 10/1/2031 (d)
    30,000   25,374
Security Description     Principal
Amount 		  Value
Group 1 Automotive, Inc.

4.00%, 8/15/2028 (d)
    $150,000   $138,244
Lithia Motors, Inc.:          
3.88%, 6/1/2029 (d)
    120,000   108,266
4.38%, 1/15/2031 (d)
    20,000   17,917
Macy's Retail Holdings LLC:          
4.50%, 12/15/2034
    150,000   132,402
6.13%, 3/15/2032 (d)
    10,000   9,696
Murphy Oil USA, Inc.:          
3.75%, 2/15/2031 (d)
    600,000   524,064
4.75%, 9/15/2029
    50,000   47,441
Nordstrom, Inc.

5.00%, 1/15/2044
    409,000   315,818
Patrick Industries, Inc.

4.75%, 5/1/2029 (d)
    300,000   280,083
Sally Holdings LLC/Sally Capital, Inc.

6.75%, 3/1/2032
    80,000   79,382
Sonic Automotive, Inc.:          
4.63%, 11/15/2029 (d)
    190,000   170,605
4.88%, 11/15/2031 (d)
    190,000   166,208
Suburban Propane Partners LP/Suburban Energy Finance Corp.

5.00%, 6/1/2031 (d)
    450,000   409,990
Superior Plus LP/Superior General Partner, Inc.

4.50%, 3/15/2029 (d)
    240,000   221,806
Victoria's Secret & Co.

4.63%, 7/15/2029 (d)
    269,000   220,758
Yum! Brands, Inc.:          
3.63%, 3/15/2031
    130,000   115,041
4.63%, 1/31/2032
    102,000   94,278
4.75%, 1/15/2030 (d)
    280,000   265,639
SEMICONDUCTORS — 0.1%  
ams-OSRAM AG

12.25%, 3/30/2029 (d)
    20,000   20,093
Entegris, Inc.

3.63%, 5/1/2029 (d)
    170,000   152,689
SOFTWARE — 0.8%  
Fair Isaac Corp.

4.00%, 6/15/2028 (d)
    593,000   554,176
MicroStrategy, Inc.

6.13%, 6/15/2028 (d)
    220,000   212,516
Open Text Holdings, Inc.

4.13%, 2/15/2030 (d)
    420,000   376,421
PTC, Inc.

4.00%, 2/15/2028 (d)
    130,000   121,516
TELECOMMUNICATIONS — 1.1%  
Ciena Corp.

4.00%, 1/31/2030 (d)
    90,000   80,269
Consolidated Communications, Inc.

6.50%, 10/1/2028 (d)
    185,000   162,360
 
See accompanying notes to Schedule of Investments.
22
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Frontier Communications Holdings LLC:          
5.88%, 11/1/2029
    $473,000   $399,335
6.00%, 1/15/2030 (d)
    110,000   93,260
6.75%, 5/1/2029 (d)
    458,000   408,105
Telecom Italia Capital SA

7.72%, 6/4/2038
    170,000   170,085
Viasat, Inc.

6.50%, 7/15/2028 (d)
    210,000   162,133
Viavi Solutions, Inc.

3.75%, 10/1/2029 (d)
    190,000   163,119
TRANSPORTATION — 0.1%  
Danaos Corp.

8.50%, 3/1/2028 (d)
    40,000   40,924
XPO, Inc.

7.13%, 2/1/2032 (d)
    55,000   56,610
TOTAL CORPORATE BONDS & NOTES

(Cost $56,074,620)
        58,122,651
    Shares  
SHORT-TERM INVESTMENTS — 7.2%
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (h) (i)

(Cost $10,750,670)
  10,750,670 10,750,670
TOTAL INVESTMENTS — 105.2%

(Cost $153,000,057)
    156,268,695
LIABILITIES IN EXCESS OF OTHER ASSETS — (5.2)%
    (7,781,014)
NET ASSETS — 100.0%
    $148,487,681
    
(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(b) Position is unsettled. Contract rate was not determined at March 31, 2024 and does not take effect until settlement date. Maturity date is not finalized until settlement date.
(c) Amount is less than 0.05% of net assets.
(d) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 38.1% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(e) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of March 31, 2024, total aggregate fair value of the securities is $238,124, representing 0.20% of the Fund's net assets.
(f) Non-income producing security.
(g) Affiliated fund managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(h) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(i) The rate shown is the annualized seven-day yield at March 31, 2024.
ABS Asset-Backed Security
CLO Collateralized Loan Obligation
CVR Contingent Value Rights
MTN Medium Term Note
PIK Payment in Kind
REIT Real Estate Investment Trust
SOFR Secured Overnight Financing Rate
 
At March 31, 2024, the Fund had unfunded loan commitments of $104,154, which could be extended at the option of the borrowers, pursuant to the following loan agreements:   
Borrower   Unfunded Loan
Commitment ($) 		  Value ($)   Unrealized
Appreciation/(Depreciation) ($)
Touchdown Acquirer Inc
  80,838   81,192   354
Groundworks, LLC
  23,316   23,349   33
    $104,154   $104,541   $387
See accompanying notes to Schedule of Investments.
23
SPDR BLACKSTONE HIGH INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Corporate Bonds & Notes
  $—   $58,122,651   $—   $58,122,651
Asset-Backed Securities
  —   12,645,725   —   12,645,725
Common Stocks
  —   —   238,124   238,124
Mutual Funds and Exchange Traded Products
  4,670,462   —   —   4,670,462
Senior Floating Rate Loans
  —   69,841,063   —   69,841,063
Short-Term Investments
  10,750,670   —   —   10,750,670
TOTAL INVESTMENTS
  $15,421,132   $140,609,439   $238,124   $156,268,695
OTHER FINANCIAL INSTRUMENTS:                
Unfunded Loans - Unrealized Appreciation
  $—   $387   $—   $387
TOTAL OTHER FINANCIAL INSTRUMENTS:
  $—   $387   $—   $387
 
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
SPDR Blackstone Senior Loan ETF
—   $—   $7,009,776   $2,377,119   $(23,442)   $61,247   110,911   $4,670,462   $181,680
State Street Institutional U.S. Government Money Market Fund, Class G Shares
6,605,513   6,605,513   53,667,437   49,522,280   —   —   10,750,670   10,750,670   206,832
Total
    $6,605,513   $60,677,213   $51,899,399   $(23,442)   $61,247       $15,421,132   $388,512
See accompanying notes to Schedule of Investments.
24
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
SENIOR FLOATING RATE LOANS — 93.7%  
ADVERTISING SERVICES — 0.6%  
ABG Intermediate Holdings 2 LLC

2021 Term Loan B1 1 mo. USD Term SOFR + 3.50%, 8.93%, 12/21/2028 (a)
    $24,789,999   $24,913,949
Wood Mackenzie Ltd.

2024 Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.81%, 1/31/2031 (a)
    6,661,358   6,690,935
          31,604,884
AEROSPACE & DEFENSE — 1.7%  
Dynasty Acquisition Co., Inc.:          
2024 Term Loan B1 (b)
    12,093,637   12,125,020
2024 Term Loan B2 (b)
    4,991,849   5,004,803
Kaman Corp.

2024 Term Loan (b)
    9,009,720   9,029,451
TransDigm, Inc.:          
2023 Term Loan J 1 mo. USD Term SOFR + 3.25%, 8.60%, 2/14/2031 (a)
    3,165,576   3,184,649
2024 Term Loan I 1 mo. USD Term SOFR + 2.75%, 8.06%, 8/24/2028 (a)
    49,718,984   49,944,460
2024 Term Loan K 3 mo. USD Term SOFR + 2.75%, 8.07%, 2/22/2030 (a)
    18,454,007   18,513,613
          97,801,996
AIR FREIGHT & LOGISTICS — 0.2%  
Worldwide Express Operations LLC

2021 1st Lien Term Loan 3 mo. USD Term SOFR + 4.00%, 9.57%, 7/26/2028 (a)
    13,164,711   13,119,095
AIRLINES — 1.6%  
Air Canada

2024 Term Loan B 3 mo. USD Term SOFR + 2.50%, 7.83%, 3/14/2031 (a)
    4,024,916   4,037,514
American Airlines, Inc.

2021 Term Loan 3 mo. USD Term SOFR + 4.75%, 10.33%, 4/20/2028 (a)
    30,839,440   32,079,494
Mileage Plus Holdings LLC

2020 Term Loan B 3 mo. USD Term SOFR + 5.25%, 10.73%, 6/21/2027 (a)
    16,857,894   17,380,826
Security Description     Principal
Amount 		  Value
SkyMiles IP Ltd.

2020 Skymiles Term Loan B 3 mo. USD Term SOFR + 3.75%, 9.07%, 10/20/2027 (a)
    $4,229,295   $4,367,191
United Airlines, Inc.

2024 Term Loan B 3 mo. USD Term SOFR + 2.75%, 8.08%, 2/15/2031 (a)
    31,681,497   31,770,522
          89,635,547
AUTO COMPONENTS — 0.1%  
BBB Industries LLC

2022 Term Loan 1 mo. USD Term SOFR + 5.25%, 10.68%, 7/25/2029 (a)
    2,976,137   2,851,511
AUTO PARTS & EQUIPMENT — 1.7%  
Clarios Global LP

2024 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.33%, 5/6/2030 (a)
    51,105,142   51,296,786
First Brands Group LLC:          
2021 Term Loan 3 mo. USD Term SOFR + 5.00%, 10.57%, 3/30/2027 (a)
    5,923,368   5,939,657
2022 Incremental Term Loan 3 mo. USD Term SOFR + 5.00%, 10.57%, 3/30/2027 (a)
    15,031,608   15,059,792
Tenneco, Inc.

2022 Term Loan B 3 mo. USD Term SOFR + 5.00%, 10.45%, 11/17/2028 (a)
    26,449,491   24,957,872
          97,254,107
BEVERAGES — 1.0%  
Triton Water Holdings, Inc.

Term Loan 3 mo. USD Term SOFR + 3.25%, 8.86%, 3/31/2028 (a)
    53,910,689   53,412,284
BUILDING MATERIALS — 1.0%  
LHS Borrower LLC

2022 Term Loan B 1 mo. USD Term SOFR + 4.75%, 10.18%, 2/16/2029 (a)
    15,144,514   14,500,872
MI Windows and Doors LLC

2024 Term Loan B2 (b)
    7,667,308   7,712,852
Quikrete Holdings, Inc.:          
2023 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 3/19/2029 (a)
    6,293   6,304
2024 Term Loan B (b)
    26,069,594   26,113,130
Summit Materials LLC

2023 Incremental Term Loan B 3 mo. USD Term SOFR + 2.50%, 7.83%, 1/12/2029 (a)
    1,449,095   1,457,970
 
See accompanying notes to Schedule of Investments.
25
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Tamko Building Products LLC

2023 Term Loan 3 mo. USD Term SOFR + 3.50%, 8.83%, 9/20/2030 (a)
    $8,266,528   $8,276,861
          58,067,989
BUILDING PRODUCTS — 1.7%  
ACProducts, Inc.

2021 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.86%, 5/17/2028 (a)
    19,785,486   18,109,952
Chamberlain Group, Inc.

Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.68%, 11/3/2028 (a)
    12,867,935   12,865,555
Cornerstone Building Brands, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.68%, 4/12/2028 (a)
    48,727,837   48,561,918
Oscar AcquisitionCo LLC

Term Loan B 3 mo. USD Term SOFR + 4.50%, 9.95%, 4/29/2029 (a)
    17,864,955   17,932,038
          97,469,463
CAPITAL MARKETS — 0.0% (c)  
AqGen Island Holdings, Inc.

Term Loan 1 mo. USD Term SOFR + 3.50%, 8.94%, 8/2/2028 (a)
    478,875   477,738
CHEMICALS — 0.9%  
Axalta Coating Systems U.S. Holdings, Inc.

2024 Term Loan B6 3 mo. USD Term SOFR + 2.00%, 7.33%, 12/20/2029 (a)
    4,272,276   4,283,705
Nouryon Finance BV

2023 USD Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.31%, 4/3/2028 (a)
    14,004,971   14,066,243
PMHC II, Inc.

2022 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.72%, 4/23/2029 (a)
    28,460,559   28,214,233
Starfruit Finco BV

2023 Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.42%, 4/3/2028 (a)
    3,337,700   3,353,003
          49,917,184
COMMERCIAL SERVICES — 7.3%  
AlixPartners LLP

2021 USD Term Loan B 1 mo. USD Term SOFR + 2.50%, 7.94%, 2/4/2028 (a)
    3,420,302   3,428,426
Security Description     Principal
Amount 		  Value
Allied Universal Holdco LLC

2021 USD Incremental Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.18%, 5/12/2028 (a)
    $69,029,468   $69,022,910
APX Group, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.25%, 3.25%, 7/10/2028 (a)
    9,600,405   9,635,303
Belron Finance U.S. LLC:          
2023 1st Lien Term Loan 3 mo. USD Term SOFR + 2.25%, 7.66%, 4/18/2029 (a)
    6,204,072   6,217,007
2023 USD Term Loan 3 mo. USD Term SOFR + 2.00%, 7.58%, 4/13/2028 (a)
    5,494,872   5,505,862
Camelot U.S. Acquisition LLC

2024 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/31/2031 (a)
    12,777,542   12,787,125
CoreLogic, Inc.

Term Loan 1 mo. USD Term SOFR + 3.50%, 8.94%, 6/2/2028 (a)
    45,852,737   44,946,457
Corp. Service Co.

Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 11/2/2029 (a)
    794,725   797,375
Fugue Finance BV

2024 USD Term Loan B (b)
    4,147,500   4,163,053
Groundworks LLC:          
2024 Delayed Draw Term Loan (b)
    1,830,224   1,832,823
2024 Term Loan (b)
    9,944,216   9,958,336
GTCR W Merger Sub LLC

USD Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.31%, 1/31/2031 (a)
    42,137,300   42,339,349
Homeserve USA Holding Corp.

Term Loan (b)
    13,058,000   13,105,336
Mavis Tire Express Services Topco Corp.

2024 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 5/4/2028 (a)
    33,880,960   33,977,181
Neptune Bidco U.S., Inc.

2022 USD Term Loan B 3 mo. USD Term SOFR + 5.00%, 10.42%, 4/11/2029 (a)
    70,454,123   65,121,802
OMNIA Partners LLC

2024 Term Loan B (b)
    11,343,398   11,408,963
PG Investment Co. 59 SARL

Term Loan B (b)
    6,488,371   6,508,647
 
See accompanying notes to Schedule of Investments.
26
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Prime Security Services Borrower LLC

2023 Term Loan B 3 mo. USD Term SOFR + 2.50%, 7.83%, 10/14/2030 (a)
    $10,056,277   $10,073,976
Spring Education Group, Inc.

Term Loan 3 mo. USD Term SOFR + 4.50%, 9.81%, 10/4/2030 (a)
    2,750,118   2,764,900
Thevelia (US) LLC

2024 USD Term Loan B 3 mo. USD Term SOFR + 3.75%, 9.06%, 6/18/2029 (a)
    10,671,907   10,703,603
Trans Union LLC:          
2019 Term Loan B5 1 mo. USD Term SOFR + 1.75%, 7.18%, 11/16/2026 (a)
    1,475,844   1,476,936
2024 Term Loan B6 1 mo. USD Term SOFR + 2.00%, 7.33%, 12/1/2028 (a)
    982,872   983,550
Vaco Holdings LLC

2022 Term Loan 3 mo. USD Term SOFR + 5.00%, 10.43%, 1/21/2029 (a)
    3,330,303   3,299,914
VT Topco, Inc.

2024 Term Loan B (b)
    13,163,814   13,215,548
Wand NewCo 3, Inc.

2024 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/30/2031 (a)
    28,392,161   28,505,304
          411,779,686
COMMERCIAL SERVICES & SUPPLIES — 3.1%  
Aramark Services, Inc.

2024 Term Loan B8 (b)
    1,201,836   1,203,717
Asurion LLC:          
2020 Term Loan B8 1 mo. USD Term SOFR + 3.25%, 8.69%, 12/23/2026 (a)
    43,914,273   43,129,964
2021 Second Lien Term Loan B4 1 mo. USD Term SOFR + 5.25%, 10.69%, 1/20/2029 (a)
    62,994,926   56,661,102
2022 Term Loan B10 1 mo. USD Term SOFR + 4.00%, 9.43%, 8/19/2028 (a)
    2,109,648   2,037,129
2023 Term Loan B11 1 mo. USD Term SOFR + 4.25%, 9.68%, 8/19/2028 (a)
    6,392,648   6,184,887
Security Description     Principal
Amount 		  Value
Covanta Holding Corp.:          
2021 Term Loan B 1 mo. USD Term SOFR + 2.50%, 7.83%, 11/30/2028 (a)
    $916,164   $915,307
2021 Term Loan C 1 mo. USD Term SOFR + 2.50%, 7.83%, 11/30/2028 (a)
    69,849   69,783
Garda World Security Corp.

2022 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.58%, 2/1/2029 (a)
    24,311,652   24,387,747
McGraw-Hill Global Education Holdings LLC

2021 Term Loan 1 mo. USD Term SOFR + 4.75%, 10.19%, 7/28/2028 (a)
    37,455,024   37,568,700
          172,158,336
COMMUNICATIONS EQUIPMENT — 0.9%  
Zayo Group Holdings, Inc.

USD Term Loan 1 mo. USD Term SOFR + 3.00%,, 3/9/2027 (a)
    59,374,962   52,266,888
COMPUTERS — 1.9%  
KBR, Inc.

2024 Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.58%, 1/17/2031 (a)
    11,983,260   12,022,205
Magenta Buyer LLC

2021 USD 1st Lien Term Loan 3 mo. USD Term SOFR + 5.00%, 10.57%, 7/27/2028 (a)
    50,575,768   30,345,461
Tempo Acquisition LLC

2023 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 8/31/2028 (a)
    11,325,164   11,373,806
Vision Solutions, Inc.

2021 Incremental Term Loan 3 mo. USD Term SOFR + 4.00%, 9.59%, 4/24/2028 (a)
    52,011,652   52,147,142
          105,888,614
CONSTRUCTION & ENGINEERING — 0.6%  
Artera Services LLC

2024 Term Loan 3 mo. USD Term SOFR + 4.50%, 9.81%, 2/15/2031 (a)
    7,060,135   7,095,436
Brown Group Holding LLC

Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.18%, 6/7/2028 (a)
    6,929,308   6,932,461
KKR Apple Bidco LLC:          
2021 Term Loan 1 mo. USD Term SOFR + 2.75%, 8.19%, 9/22/2028 (a)
    1,033,082   1,033,408
 
See accompanying notes to Schedule of Investments.
27
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
2022 Incremental Term Loan 1 mo. USD Term SOFR + 3.50%, 8.83%, 9/22/2028 (a)
    $12,570,048   $12,618,065
Radar Bidco SARL

2024 USD Term Loan B (b)
    6,545,000   6,553,181
          34,232,551
CONTAINERS & PACKAGING — 1.6%  
Berlin Packaging LLC

2021 Term Loan B5 3 mo. USD Term SOFR + 0.00%, 9.32%, 3/11/2028 (a)
    8,651,848   8,672,483
Clydesdale Acquisition Holdings, Inc.

Term Loan B 1 mo. USD Term SOFR + 3.68%, 9.11%, 4/13/2029 (a)
    53,771,726   53,906,155
Proampac PG Borrower LLC

2023 Term Loan (b)
    17,817,606   17,817,607
Supplyone, Inc.

2024 Term Loan B (b)
    9,125,191   9,096,720
          89,492,965
COSMETICS & TOILETRIES — 0.5%  
Solis IV BV

USD Term Loan B1 1 mo. USD Term SOFR + 3.50%, 8.82%, 2/26/2029 (a)
    26,203,656   25,947,777
DISTRIBUTION/WHOLESALE — 1.1%  
American Builders & Contractors Supply Co., Inc.

2024 Term Loan B 1 mo. USD Term SOFR + 2.00%, 7.33%, 1/31/2031 (a)
    8,485,010   8,496,931
Fastlane Parent Co., Inc.

2023 Term Loan B 1 mo. USD Term SOFR + 4.50%, 9.83%, 9/29/2028 (a)
    6,206,181   6,208,975
Windsor Holdings III LLC

2024 USD Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.33%, 8/1/2030 (a)
    47,232,550   47,476,270
          62,182,176
DIVERSIFIED CONSUMER SERVICES — 0.2%  
Ascend Learning LLC

2021 Term Loan 1 mo. USD Term SOFR + 3.50%, 8.93%, 12/11/2028 (a)
    6,887,708   6,858,470
Bright Horizons Family Solutions LLC

2021 Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.69%, 11/24/2028 (a)
    2,146,563   2,148,581
          9,007,051
Security Description     Principal
Amount 		  Value
DIVERSIFIED FINANCIAL SERVICES — 3.7%  
Advisor Group, Inc.

2024 Term Loan (b)
    $30,355,952   $30,509,552
Apex Group Treasury LLC

USD Term Loan 1 mo. USD Term SOFR + 3.75%, 9.33%, 7/27/2028 (a)
    492,424   492,732
Aretec Group, Inc.

2023 Incremental Term Loan 1 mo. USD Term SOFR + 4.50%, 9.93%, 8/9/2030 (a)
    47,166,574   47,490,844
Avolon TLB Borrower 1 U.S. LLC

2023 Term Loan B6 1 mo. USD Term SOFR + 2.00%, 7.33%, 6/22/2028 (a)
    587,368   588,197
Citadel Securities LP

2024 Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.58%, 7/29/2030 (a)
    28,293,671   28,301,735
Deerfield Dakota Holding LLC

2020 USD Term Loan B 3 mo. USD Term SOFR + 3.75%, 9.06%, 4/9/2027 (a)
    35,848,146   35,716,225
Edelman Financial Center LLC

2021 Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.94%, 4/7/2028 (a)
    12,679,581   12,696,635
Eisner Advisory Group LLC

2024 Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.33%, 2/28/2031 (a)
    10,141,221   10,195,122
Focus Financial Partners LLC

2024 Term Loan B7 1 mo. USD Term SOFR + 2.75%, 8.08%, 6/30/2028 (a)
    26,979,697   26,924,928
Kestra Advisor Services Holdings A, Inc.

2024 Term Loan (b)
    13,406,044   13,445,190
NFP Corp.

2020 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 2/16/2027 (a)
    1,706,129   1,710,181
          208,071,341
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.5%  
Altice France SA

2023 USD Term Loan B14 1 mo. USD Term SOFR + 5.50%, 10.81%, 8/15/2028 (a)
    60,543,421   48,453,808
CCI Buyer, Inc.

Term Loan 3 mo. USD Term SOFR + 4.00%, 9.32%, 12/17/2027 (a)
    30,938,724   30,797,798
 
See accompanying notes to Schedule of Investments.
28
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
SBA Senior Finance II LLC

2024 Term Loan B 1 mo. USD Term SOFR + 2.00%, 7.34%, 1/25/2031 (a)
    $2,822,558   $2,830,941
          82,082,547
ELECTRICAL EQUIPMENT — 0.1%  
Energizer Holdings, Inc.

2020 Term Loan 1 mo. USD Term SOFR + 2.25%, 7.69%, 12/22/2027 (a)
    4,543,088   4,546,495
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.2%  
II-VI, Inc.

2022 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 7/2/2029 (a)
    9,971,342   10,003,749
ELECTRONICS — 0.4%  
Coherent Corp.

Term Loan B1 (b)
    20,159,601   20,159,601
ENTERTAINMENT — 4.0%  
AP Gaming I LLC

2022 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/15/2029 (a)
    4,851,468   4,871,189
Bally's Corp.

2021 Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.83%, 10/2/2028 (a)
    18,490,214   17,407,704
Caesars Entertainment, Inc.

2024 Term Loan B1 3 mo. USD Term SOFR + 2.75%, 8.04%, 2/6/2031 (a)
    23,162,617   23,209,637
Crown Finance US, Inc.

2023 Exit Term Loan 1 mo. USD Term SOFR + 1.50%, 6.94%, 7/31/2028 (a)
    23,981,670   24,433,125
Delta 2 (LUX) SARL

2022 Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.56%, 1/15/2030 (a)
    500,000   501,125
Fertitta Entertainment LLC

2022 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/27/2029 (a)
    63,422,148   63,646,980
Flutter Financing BV

Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.66%, 11/25/2030 (a)
    36,905,581   36,987,880
GVC Holdings Ltd.:          
2021 USD Term Loan B4 (b)
    569,063   570,545
2022 USD Term Loan B2 1 mo. USD Term SOFR + 3.50%, 3.50%, 10/31/2029 (a)
    6,832,475   6,868,756
Security Description     Principal
Amount 		  Value
Light and Wonder International, Inc.

2024 Term Loan 1 mo. USD Term SOFR + 2.75%, 8.08%, 4/14/2029 (a)
    $5,204,782   $5,222,479
NASCAR Holdings LLC

Term Loan B 1 mo. USD Term SOFR + 2.50%, 7.94%, 10/19/2026 (a)
    491,461   494,142
UFC Holdings LLC

2021 Term Loan B 3 mo. USD Term SOFR + 2.75%, 8.34%, 4/29/2026 (a)
    38,537,797   38,639,537
          222,853,099
ENVIRONMENTAL CONTROL — 0.0% (c)  
GFL Environmental, Inc.

2023 First Lien Term Loan 3 mo. USD Term SOFR + 2.50%, 7.82%, 5/31/2027 (a)
    845,453   849,685
FOOD PRODUCTS — 0.4%  
Fiesta Purchaser, Inc.

2024 Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.32%, 2/12/2031 (a)
    9,466,868   9,493,801
Froneri International Ltd.

2020 USD Term Loan 1 mo. USD Term SOFR + 2.25%, 7.58%, 1/29/2027 (a)
    7,931,426   7,944,632
Solina Bidco

2024 Term Loan B (b)
    2,892,258   2,901,311
          20,339,744
FOOD-MISC/DIVERSIFIED — 0.0% (c)  
Skopima Merger Sub, Inc.

Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.44%, 5/12/2028 (a)
    571,339   569,865
GAMING & ENTERTAINMENT — 0.0% (c)  
PCI Gaming Authority

Term Loan 1 mo. USD Term SOFR + 2.50%, 7.94%, 5/29/2026 (a)
    1,000,000   1,003,240
GROUND TRANSPORTATION — 0.0% (c)  
Genesee & Wyoming, Inc.

Term Loan 3 mo. USD Term SOFR + 2.00%, 7.45%, 12/30/2026 (a)
    1,973,612   1,977,125
HEALTH CARE EQUIPMENT & SUPPLIES — 3.6%  
Auris Luxembourg III SARL

2024 USD Term Loan B2 (b)
    15,864,194   15,918,767
Avantor Funding, Inc.

2024 Term Loan 1 mo. USD Term SOFR + 2.00%, 7.43%, 11/8/2027 (a)
    573,461   573,461
 
See accompanying notes to Schedule of Investments.
29
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Bausch & Lomb Corp.

Term Loan 1 mo. USD Term SOFR + 3.25%, 8.68%, 5/10/2027 (a)
    $43,261,242   $42,861,076
Carestream Health, Inc.

2022 Term Loan 3 mo. USD Term SOFR + 7.50%, 12.91%, 9/30/2027 (a)
    4,693,793   4,054,264
Gainwell Acquisition Corp.

Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.41%, 10/1/2027 (a)
    74,969,733   71,849,118
Medline Borrower LP

2024 Term Loan B (b)
    69,590,782   69,844,440
          205,101,126
HEALTH CARE PROVIDERS & SERVICES — 1.1%  
DaVita, Inc.

2020 Term Loan B 1 mo. USD Term SOFR + 1.75%, 7.19%, 8/12/2026 (a)
    1,289,760   1,291,198
GHX Ultimate Parent Corp.

2024 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.56%, 6/30/2027 (a)
    5,381,836   5,422,200
Global Medical Response, Inc.

2020 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.84%, 10/2/2025 (a)
    8,236,399   7,716,517
LifePoint Health, Inc.:          
2023 Term Loan B 3 mo. USD Term SOFR + 5.50%, 11.09%, 11/16/2028 (a)
    11,364,773   11,408,414
2024 Term Loan B (b)
    15,513,793   15,573,366
Medline Borrower LP

USD Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.33%, 10/23/2028 (a)
    1,891,996   1,898,230
Midwest Physician Administrative Services LLC

2021 Term Loan 3 mo. USD Term SOFR + 3.25%, 8.82%, 3/12/2028 (a)
    8,840,622   7,385,058
Sotera Health Holdings LLC

2021 Term Loan 1 mo. USD Term SOFR + 2.75%, 8.19%, 12/11/2026 (a)
    5,694,013   5,684,504
Surgery Center Holdings, Inc.

2023 Term Loan 1 mo. USD Term SOFR + 3.50%, 8.83%, 12/19/2030 (a)
    7,755,383   7,801,179
          64,180,666
Security Description     Principal
Amount 		  Value
HOME FURNISHINGS — 1.1%  
AI Aqua Merger Sub, Inc.:          
2021 1st Lien Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.07%, 7/31/2028 (a)
    $57,104,810   $57,271,556
2023 Incremental Term Loan 1 mo. USD Term SOFR + 4.25%, 9.58%, 7/31/2028 (a)
    6,000,000   5,415,200
          62,686,756
HOOLDING COMPANIES & DIVERSIFIED — 0.4%  
Belfor Holdings, Inc.

2023 USD Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 11/1/2030 (a)
    6,694,972   6,736,816
Forward Air Corp.

Term Loan B (b)
    14,397,152   14,215,388
          20,952,204
HOTELS, RESTAURANTS & LEISURE — 2.3%  
Alterra Mountain Co.

2024 Term Loan B2 (b)
    4,382,588   4,406,342
Caesars Entertainment, Inc.

Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.66%, 2/6/2030 (a)
    31,113,992   31,241,559
PENN Entertainment, Inc.

2022 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.18%, 5/3/2029 (a)
    3,516   3,523
Peraton Corp.

Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/1/2028 (a)
    91,799,750   91,893,386
Wyndham Hotels & Resorts, Inc.

2023 Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.68%, 5/24/2030 (a)
    695,853   699,117
          128,243,927
HOUSEHOLD PRODUCTS — 0.0% (c)  
Reynolds Consumer Products LLC

Term Loan 1 mo. USD Term SOFR + 1.75%, 7.18%, 2/4/2027 (a)
    25,209   25,282
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.7%  
Calpine Corp.:          
2024 Term Loan B5 1 mo. USD Term SOFR + 2.00%, 7.33%, 12/16/2027 (a)
    1,228,102   1,228,347
 
See accompanying notes to Schedule of Investments.
30
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Term Loan B9 1 mo. USD Term SOFR + 2.00%, 7.33%, 1/31/2031 (a)
    $1,740,316   $1,732,519
Kohler Energy Co. LLC

USD Term Loan B (b)
    26,029,768   26,100,179
Vistra Operations Co. LLC

1st Lien Term Loan B3 1 mo. USD Term SOFR + 2.00%, 7.33%, 12/20/2030 (a)
    10,090,830   10,092,445
          39,153,490
INSURANCE — 6.0%  
Acrisure LLC:          
2020 Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.94%, 2/15/2027 (a)
    45,250,160   45,278,441
2021 First Lien Term Loan B 1 mo. USD Term SOFR + 4.25%, 9.69%, 2/15/2027 (a)
    1,371,174   1,377,173
2021 Incremental Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.19%, 2/15/2027 (a)
    982,368   984,514
Alliant Holdings Intermediate LLC

2023 Term Loan B6 1 mo. USD Term SOFR + 3.50%, 8.83%, 11/6/2030 (a)
    19,255,169   19,355,584
AmWINS Group, Inc.:          
2021 Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.69%, 2/19/2028 (a)
    31,152,146   31,191,086
2023 Incremental Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.19%, 2/19/2028 (a)
    153,992   154,463
AssuredPartners, Inc.:          
2020 Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.94%, 2/12/2027 (a)
    3,445,483   3,452,925
2023 Term Loan B4 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/12/2027 (a)
    5,990,664   6,004,413
Broadstreet Partners, Inc.:          
2020 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.44%, 1/27/2027 (a)
    4,245,520   4,261,122
2023 Term Loan B3 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/27/2029 (a)
    13,553,010   13,608,916
Security Description     Principal
Amount 		  Value
Howden Group Holdings Ltd.

2024 USD Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.81%, 2/15/2031 (a)
    $46,538,642   $46,625,902
HUB International Ltd.

2024 Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.57%, 6/20/2030 (a)
    53,734,080   53,814,413
Ryan Specialty Group LLC

Term Loan 1 mo. USD Term SOFR + 2.75%, 8.08%, 9/1/2027 (a)
    205,892   206,433
Sedgwick Claims Management Services, Inc.

2023 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/24/2028 (a)
    49,802,395   49,949,561
Truist Insurance Holdings LLC:          
1st Lien Term Loan (b)
    36,960,000   36,944,477
2nd Lien Term Loan (b)
    8,952,692   9,020,777
USI, Inc.:          
2023 Acquisition Term Loan 3 mo. USD Term SOFR + 3.25%, 8.60%, 9/27/2030 (a)
    4,598,644   4,607,611
2023 Term Loan B 3 mo. USD Term SOFR + 3.00%, 8.35%, 11/22/2029 (a)
    12,842,657   12,864,040
          339,701,851
INTERNET & CATALOG RETAIL — 0.2%  
White Cap Buyer LLC

Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 10/19/2027 (a)
    10,643,924   10,687,937
INTERNET & TELECOM — 0.3%  
CNT Holdings I Corp.

2020 Term Loan 3 mo. USD Term SOFR + 3.50%, 8.82%, 11/8/2027 (a)
    8,099,000   8,123,661
Go Daddy Operating Co. LLC

2021 Term Loan B4 1 mo. USD Term SOFR + 2.00%, 7.33%, 8/10/2027 (a)
    1,204,100   1,205,931
PUG LLC

2024 Extended Term Loan B 3 mo. USD Term SOFR + 4.75%, 10.08%, 3/15/2030 (a)
    1,955,588   1,960,878
Uber Technologies, Inc.

2023 Term Loan B 3 mo. USD Term SOFR + 2.75%, 8.08%, 3/3/2030 (a)
    4,931,581   4,958,482
          16,248,952
 
See accompanying notes to Schedule of Investments.
31
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
INVESTMENT COMPANIES — 1.5%  
AL GCX Holdings LLC

Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.57%, 5/17/2029 (a)
    $2,960,339   $2,973,290
Brookfield WEC Holdings, Inc.

2024 Term Loan 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/27/2031 (a)
    48,192,700   48,192,701
Cd&R Hydra Buyer, Inc.

2024 Term Loan B (b)
    15,212,092   15,264,421
Energize HoldCo LLC

2021 1st Lien Term Loan 1 mo. USD Term SOFR + 3.75%, 9.19%, 12/8/2028 (a)
    7,050,573   7,048,070
GIP Pilot Acquisition Partners LP

Term Loan 3 mo. USD Term SOFR + 3.00%, 8.33%, 10/4/2030 (a)
    2,742,500   2,754,841
Mister Car Wash Holdings, Inc.

2024 Term Loan B (b)
    5,578,875   5,598,652
          81,831,975
IT SERVICES — 0.2%  
Access CIG LLC

2023 Term Loan 1 mo. USD Term SOFR + 5.00%, 10.33%, 8/18/2028 (a)
    12,624,744   12,654,348
Ahead DB Holdings LLC

2021 Term Loan B 3 mo. USD Term SOFR + 3.75%, 9.16%, 10/18/2027 (a)
    174,397   174,755
          12,829,103
LEISURE INDUSTRY — 0.2%  
Carnival Corp.:          
2021 Incremental Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.69%, 10/18/2028 (a)
    3,502,256   3,511,379
2023 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.32%, 8/8/2027 (a)
    9,622,055   9,648,131
          13,159,510
LEISURE TIME — 0.0% (c)  
Amer Sports Co.

USD Term Loan 3 mo. USD Term SOFR + 3.25%, 8.58%, 2/17/2031 (a)
    2,359,609   2,365,508
LEISURE&REC/GAMES — 0.3%  
Scientific Games Holdings LP

2022 USD Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.60%, 4/4/2029 (a)
    19,388,524   19,407,234
Security Description     Principal
Amount 		  Value
LIFE SCIENCES TOOLS & SERVICES — 0.8%  
Parexel International Corp.

2021 1st Lien Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 11/15/2028 (a)
    $45,087,648   $45,241,396
LODGING — 0.2%  
Hilton Domestic Operating Co., Inc.

2023 Term Loan B4 1 mo. USD Term SOFR + 2.00%, 7.43%, 11/8/2030 (a)
    2,820,936   2,829,992
Hilton Grand Vacations Borrower LLC

2024 Incremental Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/17/2031 (a)
    8,496,006   8,521,238
          11,351,230
MACHINERY — 2.0%  
Chart Industries, Inc.

2023 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.67%, 3/15/2030 (a)
    5,139,471   5,160,877
Clark Equipment Co.

2022 Term Loan B 3 mo. USD Term SOFR + 2.50%, 7.81%, 4/20/2029 (a)
    2,615,492   2,622,030
Madison IAQ LLC

Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 6/21/2028 (a)
    38,510,729   38,500,717
Pro Mach Group, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 8/31/2028 (a)
    1,799,718   1,808,204
SPX Flow, Inc.

2022 Term Loan 1 mo. USD Term SOFR + 4.50%, 9.93%, 4/5/2029 (a)
    11,551,973   11,613,949
TK Elevator US Newco, Inc.

USD Term Loan B (b)
    50,903,399   51,133,228
          110,839,005
MEDIA — 4.7%  
Cengage Learning, Inc.

2024 Term Loan B (b)
    17,714,445   17,717,190
Charter Communications Operating LLC

2019 Term Loan B2 1 mo. USD Term SOFR + 1.75%, 7.08%, 2/1/2027 (a)
    1,584,072   1,585,482
CSC Holdings LLC

2019 Term Loan B5 1 mo. USD Term SOFR + 2.50%, 7.94%, 4/15/2027 (a)
    37,088,239   33,631,059
 
See accompanying notes to Schedule of Investments.
32
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Directv Financing LLC

2024 Term Loan 2 mo. USD Term SOFR + 5.00%, 10.25%, 8/2/2029 (a)
    $56,717,918   $56,766,412
DirecTV Financing LLC

Term Loan 1 mo. USD Term SOFR + 5.00%, 10.44%, 8/2/2027 (a)
    2,291,096   2,296,823
Fleet Midco I Ltd.

2024 Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.58%, 2/21/2031 (a)
    2,359,635   2,365,535
iHeartCommunications, Inc.

2020 Term Loan 1 mo. USD Term SOFR + 3.00%, 8.44%, 5/1/2026 (a)
    21,548,193   18,927,825
MH Sub I LLC:          
2021 2nd Lien Term Loan 1 mo. USD Term SOFR + 6.25%, 11.58%, 2/23/2029 (a)
    5,294,933   5,118,585
2023 Term Loan 1 mo. USD Term SOFR + 4.25%, 9.58%, 5/3/2028 (a)
    68,778,171   68,449,755
Nexstar Broadcasting, Inc.

2019 Term Loan B4 1 mo. USD Term SOFR + 2.50%, 7.94%, 9/18/2026 (a)
    238,038   238,369
Radiate Holdco LLC

2021 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.69%, 9/25/2026 (a)
    27,470,379   23,075,119
Telenet Financing USD LLC

2020 USD Term Loan AR 1 mo. USD Term SOFR + 2.00%, 7.44%, 4/30/2028 (a)
    8,690,000   8,469,100
UPC Financing Partnership

2021 USD Term Loan AX 1 mo. USD Term SOFR + 3.00%, 8.44%, 1/31/2029 (a)
    1,000,000   997,445
Virgin Media Bristol LLC

USD Term Loan N 1 mo. USD Term SOFR + 2.50%, 7.94%, 1/31/2028 (a)
    27,244,272   26,873,205
          266,511,904
METAL FABRICATE & HARDWARE — 0.2%  
Crosby U.S. Acquisition Corp.

2024 Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.32%, 8/16/2029 (a)
    4,892,623   4,925,746
Hillman Group, Inc.

2021 Term Loan B1 1 mo. USD Term SOFR + 2.25%, 7.83%, 7/14/2028 (a)
    6,988,825   7,003,816
          11,929,562
Security Description     Principal
Amount 		  Value
MISCELLANEOUS MANUFACTUR — 0.1%  
Gates Global LLC

2021 Term Loan B3 1 mo. USD Term SOFR + 2.50%, 7.93%, 3/31/2027 (a)
    $1,506,055   $1,510,467
Touchdown Acquirer, Inc.

USD Term Loan 3 mo. USD Term SOFR + 4.00%, 9.31%, 2/7/2031 (a)
    6,557,366   6,586,055
          8,096,522
OIL, GAS & CONSUMABLE FUELS — 0.0% (c)  
Pacific Gas & Electric Co.

2020 Term Loan B1 1 mo. USD Term SOFR + 3.00%, 7.83%, 6/23/2027 (a)
    971,875   974,606
PHARMACEUTICALS — 1.6%  
Elanco Animal Health, Inc.

Term Loan B 1 mo. USD Term SOFR + 1.75%, 7.18%, 8/1/2027 (a)
    22,144,006   22,090,417
Grifols Worldwide Operations USA, Inc.

2019 USD Term Loan B 3 mo. USD Term SOFR + 2.00%, 7.46%, 11/15/2027 (a)
    26,793,093   26,000,956
Jazz Financing Lux SARL

2024 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.44%, 5/5/2028 (a)
    30,800,359   30,992,861
Organon & Co.

USD Term Loan 1 mo. USD Term SOFR + 3.00%, 8.32%, 6/2/2028 (a)
    8,084,477   8,123,242
          87,207,476
PIPELINES — 1.3%  
BIP PipeCo Holdings LLC

Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.58%, 12/6/2030 (a)
    6,774,546   6,793,616
Buckeye Partners LP:          
2023 Term Loan B 1 mo. USD Term SOFR + 2.50%, 7.83%, 11/22/2030 (a)
    4,750,892   4,761,700
2024 Term Loan B3 1 mo. USD Term SOFR + 2.00%, 7.33%, 11/1/2026 (a)
    3,150,280   3,159,699
CQP Holdco LP

2023 4th Amendment Term Loan 3 mo. USD Term SOFR + 3.00%, 8.32%, 12/31/2030 (a)
    22,809,321   22,905,462
 
See accompanying notes to Schedule of Investments.
33
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Freeport LNG Investments LLLP

Term Loan B 3 mo. USD Term SOFR + 3.50%, 9.08%, 12/21/2028 (a)
    $14,413,378   $14,333,961
Oryx Midstream Services Permian Basin LLC

2024 Term Loan B 1 mo. USD Term SOFR + 3.00%, 8.44%, 10/5/2028 (a)
    10,468,690   10,520,144
TransMontaigne Operating Co. LP

Term Loan B 1 mo. USD Term SOFR + 3.50%, 8.94%, 11/17/2028 (a)
    9,227,246   9,241,271
Whitewater Whistler Holdings LLC

2023 Term Loan B 3 mo. USD Term SOFR + 2.75%, 8.13%, 2/15/2030 (a)
    4,129,540   4,139,864
          75,855,717
PROFESSIONAL SERVICES — 0.3%  
Proofpoint, Inc.

1st Lien Term Loan 1 mo. USD Term SOFR + 3.25%, 8.58%, 8/31/2028 (a)
    16,534,987   16,562,022
REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.1%  
Iron Mountain, Inc.

2023 Term Loan B 1 mo. USD Term SOFR + 2.25%, 7.58%, 1/31/2031 (a)
    5,755,385   5,721,802
RETAIL — 3.5%  
1011778 BC Unlimited Liability Co.

2023 Term Loan B5 1 mo. USD Term SOFR + 2.25%, 7.58%, 9/20/2030 (a)
    57,602,331   57,638,332
Fogo De Chao, Inc.

2023 Term Loan B (b)
    15,706,431   15,615,255
Foundation Building Materials Holding Co. LLC

2024 Term Loan B2 1 mo. USD Term SOFR + 4.00%, 9.31%, 1/29/2031 (a)
    16,190,492   16,278,568
Harbor Freight Tools USA, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.19%, 10/19/2027 (a)
    26,258,441   26,271,833
IRB Holding Corp.

2024 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.18%, 12/15/2027 (a)
    46,323,860   46,389,176
Security Description     Principal
Amount 		  Value
Medical Solutions Holdings, Inc.

2021 1st Lien Term Loan 1 mo. USD Term SOFR + 3.25%, 8.68%, 11/1/2028 (a)
    $13,781,886   $12,329,069
Peer Holding III BV

2023 USD Term Loan B4 (b)
    10,723,733   10,755,583
Tacala LLC

2024 Term Loan 1 mo. USD Term SOFR + 4.00%, 9.33%, 1/31/2031 (a)
    12,392,357   12,419,497
          197,697,313
RETAIL-BUILDING PRODUCTS — 1.7%  
Kodiak Building Partners, Inc.

Term Loan B 3 mo. USD Term SOFR + 3.25%, 8.82%, 3/12/2028 (a)
    6,199,986   6,205,163
LBM Acquisition LLC

Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.18%, 12/17/2027 (a)
    62,371,571   62,332,901
Park River Holdings, Inc.

Term Loan 3 mo. USD Term SOFR + 3.25%, 8.84%, 12/28/2027 (a)
    26,257,451   26,109,752
          94,647,816
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.5%  
MKS Instruments, Inc.

2023 USD Term Loan B 1 mo. USD Term SOFR + 2.50%, 7.82%, 8/17/2029 (a)
    26,454,267   26,506,647
SHIPBUILDING — 0.2%  
LSF11 Trinity Bidco, Inc.

2023 Term Loan 1 mo. USD Term SOFR + 4.00%, 9.33%, 6/14/2030 (a)
    9,975,648   10,025,526
SOFTWARE — 17.4%  
Applied Systems, Inc.

2024 1st Lien Term Loan 3 mo. USD Term SOFR + 3.50%, 8.81%, 2/24/2031 (a)
    9,915,168   9,986,012
Apttus Corp.

2021 Term Loan 1 mo. USD Term SOFR + 4.00%, 9.44%, 5/8/2028 (a)
    4,138,599   4,148,304
Athenahealth Group, Inc.

2022 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.58%, 2/15/2029 (a)
    84,381,250   83,794,801
 
See accompanying notes to Schedule of Investments.
34
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Banff Merger Sub, Inc.

2023 USD Term Loan 1 mo. USD Term SOFR + 4.25%, 9.58%, 12/29/2028 (a)
    $76,118,980   $76,697,865
Central Parent, Inc.

2023 Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.31%, 7/6/2029 (a)
    71,410,050   71,703,545
Cloud Software Group, Inc.:          
2022 USD Term Loan B 3 mo. USD Term SOFR + 4.50%, 9.91%, 3/30/2029 (a)
    100,575,370   100,231,905
2024 Term Loan (b)
    12,767,727   12,699,931
Cloudera, Inc.:          
2021 Second Lien Term Loan 1 mo. USD Term SOFR + 6.00%, 11.43%, 10/8/2029 (a)
    5,883,443   5,846,671
2021 Term Loan 1 mo. USD Term SOFR + 3.75%, 9.08%, 10/8/2028 (a)
    3,369,586   3,362,224
ConnectWise LLC

2021 Term Loan B 3 mo. USD Term SOFR + 3.50%, 9.11%, 9/29/2028 (a)
    3,982,780   3,986,504
Cotiviti Corp.

2024 Term Loan (b)
    66,745,636   66,662,204
DCert Buyer, Inc.

2021 2nd Lien Term Loan 1 mo. USD Term SOFR + 7.00%, 12.33%, 2/19/2029 (a)
    7,467,875   6,782,324
Dun & Bradstreet Corp.

2024 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/18/2029 (a)
    50,295,153   50,342,179
ECI Macola Max Holding LLC:          
2020 Term Loan 3 mo. USD Term SOFR + 3.75%, 9.36%, 11/9/2027 (a)
    405,025   406,402
2024 Extending Term Loans (b)
    3,057,643   3,057,643
Fortra LLC

2021 Term Loan 1 mo. USD Term SOFR + 4.00%, 9.43%, 11/19/2026 (a)
    4,808,718   4,662,653
Gen Digital, Inc.

2022 Term Loan B 1 mo. USD Term SOFR + 2.00%, 7.43%, 9/12/2029 (a)
    7,377,976   7,383,915
Genesys Cloud Services Holdings II LLC:          
First Lien Term Loan B (b)
    873,633   876,914
Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.19%, 12/1/2027 (a)
    2,999,345   3,014,356
Security Description     Principal
Amount 		  Value
Greeneden U.S. Holdings II LLC

2020 USD Term Loan B4 (b)
    $10,000,000   $10,041,050
Idera, Inc.

2021 Term Loan 3 mo. USD Term SOFR + 3.75%, 9.21%, 3/2/2028 (a)
    510,323   509,183
I-Logic Technologies Bidco Ltd.

2021 USD Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.50%, 2/16/2028 (a)
    763,435   763,553
Informatica LLC

2021 USD Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.19%, 10/27/2028 (a)
    2,130,047   2,134,307
Ivanti Software, Inc.

2021 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.84%, 12/1/2027 (a)
    17,453,720   16,384,680
McAfee LLC

2022 USD Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.18%, 3/1/2029 (a)
    97,412,056   97,459,788
MeridianLink, Inc.

2021 Term Loan B 3 mo. USD Term SOFR + 3.00%, 8.61%, 11/10/2028 (a)
    6,016,397   6,026,926
Mitchell International, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 10/15/2028 (a)
    48,784,766   48,859,895
Open Text Corp.

2023 Term Loan B 1 mo. USD Term SOFR + 2.75%, 8.18%, 1/31/2030 (a)
    26,084,524   26,158,734
Particle Investments SARL

2024 Term Loan B (b)
    4,865,416   4,883,661
Polaris Newco LLC

USD Term Loan B 3 mo. USD Term SOFR + 4.00%, 9.57%, 6/2/2028 (a)
    67,593,491   67,017,932
Project Alpha Intermediate Holding, Inc.

2023 1st Lien Term Loan B 3 mo. USD Term SOFR + 4.75%, 10.06%, 10/28/2030 (a)
    50,645,676   50,979,684
Project Ruby Ultimate Parent Corp.:          
2021 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.69%, 3/10/2028 (a)
    3,700,171   3,700,836
2024 Incremental Term Loan 1 mo. USD Term SOFR + 3.50%, 8.94%, 3/10/2028 (a)
    5,221,333   5,234,387
 
See accompanying notes to Schedule of Investments.
35
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Quartz Acquireco LLC

Term Loan B 3 mo. USD Term SOFR + 3.50%, 8.81%, 6/28/2030 (a)
    $8,642,567   $8,683,101
Quest Software U.S. Holdings, Inc.

2022 Term Loan 3 mo. USD Term SOFR + 4.25%, 9.71%, 2/1/2029 (a)
    38,375,002   29,337,881
RealPage, Inc.

1st Lien Term Loan 1 mo. USD Term SOFR + 3.00%, 8.44%, 4/24/2028 (a)
    57,562,180   56,079,090
Rocket Software, Inc.

2023 USD Term Loan B 1 mo. USD Term SOFR + 4.75%, 10.08%, 11/28/2028 (a)
    1,313,184   1,305,226
SolarWinds Holdings, Inc.

2024 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.58%, 2/5/2027 (a)
    7,032,855   7,059,228
SS&C European Holdings SARL

2018 Term Loan B4 1 mo. USD Term SOFR + 1.75%, 7.19%, 4/16/2025 (a)
    606,595   607,341
SS&C Technologies, Inc.:          
2018 Term Loan B3 1 mo. USD Term SOFR + 1.75%, 7.19%, 4/16/2025 (a)
    642,466   643,256
2022 Term Loan B6 (b)
    509,569   510,726
2022 Term Loan B7 (b)
    990,431   992,679
Vision Solutions, Inc.

2021 2nd Lien Term Loan 3 mo. USD Term SOFR + 7.25%, 12.84%, 4/23/2029 (a)
    1,233,333   1,156,250
Waystar Technologies, Inc.

2024 Term Loan B 1 mo. USD Term SOFR + 4.00%, 9.33%, 10/22/2029 (a)
    16,749,616   16,812,427
          978,988,173
SPECIALTY RETAIL — 1.5%  
Michaels Cos., Inc.

2021 Term Loan B 3 mo. USD Term SOFR + 4.25%, 9.57%, 4/15/2028 (a)
    21,352,306   19,212,271
SRS Distribution, Inc.

2021 Term Loan B 1 mo. USD Term SOFR + 3.50%,, 6/2/2028 (a)
    14,164,180   14,278,131
Staples, Inc.

7 Year Term Loan 1 mo. USD Term SOFR + 5.00%, 10.44%, 4/16/2026 (a)
    26,244,990   26,036,211
Security Description     Principal
Amount 		  Value
Whatabrands LLC

2021 Term Loan B 1 mo. USD Term SOFR + 3.25%, 8.69%, 8/3/2028 (a)
    $23,042,946   $23,083,387
          82,610,000
STEEL-PRODUCERS — 0.3%  
Arsenal AIC Parent LLC

2024 Term Loan B 1 mo. USD Term SOFR + 3.75%, 9.08%, 8/18/2030 (a)
    16,571,920   16,648,565
Phoenix Services International LLC

2023 Exit PIK Term Loan (b)
    2,431,015   2,291,232
          18,939,797
TELECOMMUNICATION EQUIP — 0.2%  
Delta TopCo, Inc.

2020 Term Loan B 6 mo. USD Term SOFR + 3.75%, 9.12%, 12/1/2027 (a)
    11,743,301   11,770,839
TRADING COMPANIES & DISTRIBUTORS — 0.2%  
Foundation Building Materials Holding Co. LLC

2021 Term Loan 1 mo. USD Term SOFR + 3.25%, 8.82%, 1/31/2028 (a)
    11,768,492   11,795,206
TRANSPORT-SERVICES — 1.0%  
Endure Digital, Inc.

Term Loan 6 mo. USD Term SOFR + 3.50%, 9.42%, 2/10/2028 (a)
    51,675,124   50,551,191
Kenan Advantage Group, Inc.

2024 Term Loan B3 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/25/2029 (a)
    249,409   249,955
XPO Logistics, Inc.

2023 Term Loan B (b)
    4,000,000   4,015,820
          54,816,966
TOTAL SENIOR FLOATING RATE LOANS

(Cost $5,223,458,639)
        5,271,689,379
    Shares  
COMMON STOCKS — 0.4%
AEROSPACE & DEFENSE — 0.1%
Flame Newco LLC (d) (e)
  230,071 2,376,633
ENTERTAINMENT — 0.3%
Cineworld Group PLC (d) (e)
  1,063,146 19,136,628
HEALTH CARE EQUIPMENT & SUPPLIES — 0.0% (c)
Carestream Health, Inc. (d) (e)
  396,286 118,886
 
See accompanying notes to Schedule of Investments.
36
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Shares   Value
HEALTH CARE PROVIDERS & SERVICES — 0.0% (c)  
Envision Healthcare Corp. (d) (e)
    154,531   $1,352,146
TOTAL COMMON STOCKS

(Cost $36,324,118)
        22,984,293
    Principal
Amount 		 
CORPORATE BONDS & NOTES — 4.7%
ADVERTISING — 0.0% (c)
Advantage Sales & Marketing, Inc.

6.50%, 11/15/2028 (f)
  $2,254,000 2,122,659
Clear Channel Outdoor Holdings, Inc.

7.88%, 4/1/2030 (f)
  410,000 407,528
AEROSPACE & DEFENSE — 0.1%
AAR Escrow Issuer LLC

6.75%, 3/15/2029 (f)
  310,000 312,415
Moog, Inc.

4.25%, 12/15/2027 (f)
  1,450,000 1,365,712
TransDigm, Inc.:      
4.63%, 1/15/2029
  3,200,000 2,970,368
4.88%, 5/1/2029
  1,790,000 1,663,733
AIRLINES — 0.1%
Air Canada

3.88%, 8/15/2026 (f)
  1,800,000 1,719,954
American Airlines, Inc.

7.25%, 2/15/2028 (f)
  1,197,000 1,214,919
APPAREL — 0.0% (c)
Hanesbrands, Inc.

9.00%, 2/15/2031 (f)
  336,000 345,132
AUTO MANUFACTURERS — 0.1%
Allison Transmission, Inc.:      
3.75%, 1/30/2031 (f)
  3,440,000 3,003,636
4.75%, 10/1/2027 (f)
  1,560,000 1,503,076
Wabash National Corp.

4.50%, 10/15/2028 (f)
  70,000 64,185
AUTO PARTS & EQUIPMENT — 0.0% (c)
Phinia, Inc.

6.75%, 4/15/2029 (f) (g)
  509,000 513,953
BANKS — 0.1%
Intesa Sanpaolo SpA

5.71%, 1/15/2026 (f)
  3,407,000 3,379,812
CHEMICALS — 0.0% (c)
Chemours Co.

5.75%, 11/15/2028 (f)
  200,000 183,334
Minerals Technologies, Inc.

5.00%, 7/1/2028 (f)
  10,000 9,585
Tronox, Inc.

4.63%, 3/15/2029 (f)
  570,000 510,845
COAL — 0.0% (c)
SunCoke Energy, Inc.

4.88%, 6/30/2029 (f)
  1,450,000 1,313,917
Security Description     Principal
Amount 		  Value
COMMERCIAL SERVICES — 0.1%  
Adtalem Global Education, Inc.

5.50%, 3/1/2028 (f)
    $1,175,000   $1,125,450
TriNet Group, Inc.

3.50%, 3/1/2029 (f)
    600,000   538,170
Upbound Group, Inc.

6.38%, 2/15/2029 (f)
    700,000   679,637
Valvoline, Inc.

3.63%, 6/15/2031 (f)
    1,080,000   931,857
COMPUTERS — 0.1%  
KBR, Inc.

4.75%, 9/30/2028 (f)
    560,000   516,802
Science Applications International Corp.

4.88%, 4/1/2028 (f)
    1,160,000   1,107,800
Seagate HDD Cayman:          
4.09%, 6/1/2029
    2,480,000   2,291,197
4.13%, 1/15/2031
    550,000   483,384
5.75%, 12/1/2034
    120,000   117,850
CONSTRUCTION MATERIALS — 0.0% (c)  
Griffon Corp.

5.75%, 3/1/2028
    1,008,000   987,598
Louisiana-Pacific Corp.

3.63%, 3/15/2029 (f)
    1,420,000   1,292,796
DIVERSIFIED FINANCIAL SERVICES — 0.4%  
Ally Financial, Inc.

6.70%, 2/14/2033
    2,750,000   2,779,535
Burford Capital Global Finance LLC:          
6.88%, 4/15/2030 (f)
    510,000   502,115
9.25%, 7/1/2031 (f)
    1,100,000   1,164,493
Enova International, Inc.:          
8.50%, 9/15/2025 (f)
    578,000   577,723
11.25%, 12/15/2028 (f)
    80,000   84,620
goeasy Ltd.:          
7.63%, 7/1/2029 (f)
    1,100,000   1,103,421
9.25%, 12/1/2028 (f)
    2,356,000   2,508,245
Nationstar Mortgage Holdings, Inc.:          
5.13%, 12/15/2030 (f)
    1,700,000   1,542,835
5.50%, 8/15/2028 (f)
    80,000   76,493
5.75%, 11/15/2031 (f)
    3,130,000   2,888,771
Navient Corp.:          
4.88%, 3/15/2028
    940,000   874,068
9.38%, 7/25/2030
    457,000   488,730
11.50%, 3/15/2031
    1,390,000   1,548,668
OneMain Finance Corp.

7.88%, 3/15/2030
    1,858,000   1,920,429
PennyMac Financial Services, Inc.:          
5.75%, 9/15/2031 (f)
    1,170,000   1,086,450
7.88%, 12/15/2029 (f)
    3,284,000   3,375,131
PHH Mortgage Corp.

7.88%, 3/15/2026 (f)
    235,000   227,461
 
See accompanying notes to Schedule of Investments.
37
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
PRA Group, Inc.:          
5.00%, 10/1/2029 (f)
    $70,000   $58,995
8.38%, 2/1/2028 (f)
    290,000   288,211
Synchrony Financial

7.25%, 2/2/2033
    2,180,000   2,169,187
ELECTRIC — 0.1%  
NRG Energy, Inc.:          
3.38%, 2/15/2029 (f)
    2,000,000   1,778,860
3.63%, 2/15/2031 (f)
    550,000   474,837
5.25%, 6/15/2029 (f)
    960,000   920,736
Vistra Operations Co. LLC:          
4.38%, 5/1/2029 (f)
    270,000   250,220
7.75%, 10/15/2031 (f)
    4,015,000   4,202,300
ELECTRONICS — 0.0% (c)  
Coherent Corp.

5.00%, 12/15/2029 (f)
    1,630,000   1,535,281
ENGINEERING & CONSTRUCTION — 0.0% (c)  
Brundage-Bone Concrete Pumping Holdings, Inc.

6.00%, 2/1/2026 (f)
    840,000   829,517
TopBuild Corp.:          
3.63%, 3/15/2029 (f)
    260,000   236,428
4.13%, 2/15/2032 (f)
    200,000   177,066
ENTERTAINMENT — 0.1%  
Churchill Downs, Inc.

4.75%, 1/15/2028 (f)
    1,550,000   1,475,430
Cinemark USA, Inc.

5.25%, 7/15/2028 (f)
    900,000   852,156
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.

5.13%, 10/1/2029 (f)
    472,000   447,399
ENVIRONMENTAL CONTROL — 0.0% (c)  
Stericycle, Inc.

3.88%, 1/15/2029 (f)
    540,000   489,721
FOOD — 0.1%  
Post Holdings, Inc.:          
4.63%, 4/15/2030 (f)
    4,146,000   3,805,572
5.63%, 1/15/2028 (f)
    660,000   648,014
FOREST PRODUCTS & PAPER — 0.0% (c)  
Mercer International, Inc.

5.13%, 2/1/2029
    130,000   114,473
HEALTH CARE SERVICES — 0.6%  
CHS/Community Health Systems, Inc.:          
5.63%, 3/15/2027 (f)
    100,000   92,032
8.00%, 3/15/2026 (f)
    800,000   798,528
10.88%, 1/15/2032 (f)
    1,300,000   1,342,653
DaVita, Inc.:          
3.75%, 2/15/2031 (f)
    900,000   753,003
4.63%, 6/1/2030 (f)
    4,400,000   3,938,440
Encompass Health Corp.:          
4.50%, 2/1/2028
    3,320,000   3,160,474
4.63%, 4/1/2031
    30,000   27,264
Security Description     Principal
Amount 		  Value
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.

9.75%, 12/1/2026 (f)
    $21,385,000   $21,424,776
HOME BUILDERS — 0.3%  
Beazer Homes USA, Inc.

7.25%, 10/15/2029
    2,190,000   2,216,390
Century Communities, Inc.

3.88%, 8/15/2029 (f)
    1,435,000   1,292,146
Dream Finders Homes, Inc.

8.25%, 8/15/2028 (f)
    870,000   907,880
Forestar Group, Inc.

3.85%, 5/15/2026 (f)
    2,040,000   1,948,363
LGI Homes, Inc.:          
4.00%, 7/15/2029 (f)
    480,000   419,419
8.75%, 12/15/2028 (f)
    1,480,000   1,562,776
M/I Homes, Inc.:          
3.95%, 2/15/2030
    1,543,000   1,387,944
4.95%, 2/1/2028
    510,000   485,999
Taylor Morrison Communities, Inc.

5.75%, 1/15/2028 (f)
    4,180,000   4,156,174
Thor Industries, Inc.

4.00%, 10/15/2029 (f)
    330,000   295,535
Tri Pointe Homes, Inc.

5.70%, 6/15/2028
    920,000   904,921
HOME FURNISHINGS — 0.1%  
Tempur Sealy International, Inc.:          
3.88%, 10/15/2031 (f)
    2,240,000   1,904,874
4.00%, 4/15/2029 (f)
    1,370,000   1,244,576
INTERNET — 0.3%  
ANGI Group LLC

3.88%, 8/15/2028 (f)
    935,000   811,515
Cogent Communications Group, Inc.:          
3.50%, 5/1/2026 (f)
    322,000   306,550
7.00%, 6/15/2027 (f)
    1,910,000   1,901,462
Go Daddy Operating Co. LLC/GD Finance Co., Inc.

3.50%, 3/1/2029 (f)
    1,900,000   1,713,857
Newfold Digital Holdings Group, Inc.

11.75%, 10/15/2028 (f)
    7,273,000   7,869,895
Rakuten Group, Inc.

11.25%, 2/15/2027 (f)
    3,300,000   3,495,195
INVESTMENT COMPANY SECURITY — 0.0% (c)  
Compass Group Diversified Holdings LLC

5.25%, 4/15/2029 (f)
    1,470,000   1,396,250
IRON/STEEL — 0.0% (c)  
Mineral Resources Ltd.

8.13%, 5/1/2027 (f)
    1,100,000   1,112,331
 
See accompanying notes to Schedule of Investments.
38
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
IT SERVICES — 0.0% (c)  
ASGN, Inc.

4.63%, 5/15/2028 (f)
    $1,000,000   $945,940
LODGING — 0.0% (c)  
Hilton Domestic Operating Co., Inc.

3.63%, 2/15/2032 (f)
    1,054,000   908,179
MACHINERY, CONSTRUCTION & MINING — 0.0% (c)  
BWX Technologies, Inc.:          
4.13%, 6/30/2028 (f)
    2,240,000   2,092,272
4.13%, 4/15/2029 (f)
    83,000   76,557
MACHINERY-DIVERSIFIED — 0.0% (c)  
Esab Corp.

6.25%, 4/15/2029 (f) (g)
    297,000   298,586
MEDIA — 0.1%  
AMC Networks, Inc.

4.25%, 2/15/2029
    860,000   609,723
CSC Holdings LLC

11.75%, 1/31/2029 (f)
    500,000   500,135
Gray Television, Inc.

4.75%, 10/15/2030 (f)
    428,000   281,008
News Corp.:          
3.88%, 5/15/2029 (f)
    1,000,000   916,280
5.13%, 2/15/2032 (f)
    75,000   70,669
Nexstar Media, Inc.:          
4.75%, 11/1/2028 (f)
    400,000   364,640
5.63%, 7/15/2027 (f)
    900,000   864,099
Sinclair Television Group, Inc.

5.50%, 3/1/2030 (f)
    640,000   461,120
MINING — 0.1%  
FMG Resources August 2006 Pty. Ltd.

5.88%, 4/15/2030 (f)
    4,000,000   3,932,560
Taseko Mines Ltd.

7.00%, 2/15/2026 (f)
    880,000   883,740
OFFICE & BUSINESS EQUIPMENT — 0.1%  
Pitney Bowes, Inc.

7.25%, 3/15/2029 (f)
    630,000   562,823
Xerox Holdings Corp.

5.50%, 8/15/2028 (f)
    5,042,000   4,590,338
OFFICE FURNISHINGS — 0.0% (c)  
Steelcase, Inc.

5.13%, 1/18/2029
    1,300,000   1,228,799
OIL & GAS — 0.4%  
Chord Energy Corp.

6.38%, 6/1/2026 (f)
    1,160,000   1,164,014
CNX Resources Corp.:          
6.00%, 1/15/2029 (f)
    2,097,000   2,055,144
7.25%, 3/1/2032 (f)
    1,122,000   1,141,590
CVR Energy, Inc.:          
5.75%, 2/15/2028 (f)
    1,024,000   962,519
8.50%, 1/15/2029 (f)
    1,880,000   1,903,970
Parkland Corp.:          
4.50%, 10/1/2029 (f)
    2,059,000   1,904,390
Security Description     Principal
Amount 		  Value
4.63%, 5/1/2030 (f)
    $2,475,000   $2,281,727
5.88%, 7/15/2027 (f)
    200,000   198,268
PBF Holding Co. LLC/PBF Finance Corp.

7.88%, 9/15/2030 (f)
    1,047,000   1,084,933
Precision Drilling Corp.

6.88%, 1/15/2029 (f)
    1,700,000   1,695,767
SM Energy Co.:          
6.63%, 1/15/2027
    1,360,000   1,357,090
6.75%, 9/15/2026
    600,000   601,032
Sunoco LP/Sunoco Finance Corp.

4.50%, 5/15/2029
    4,830,000   4,497,309
Valaris Ltd.

8.38%, 4/30/2030 (f)
    1,260,000   1,297,636
OIL & GAS SERVICES — 0.2%  
Archrock Partners LP/Archrock Partners Finance Corp.:          
6.25%, 4/1/2028 (f)
    1,250,000   1,234,037
6.88%, 4/1/2027 (f)
    2,500,000   2,507,000
CSI Compressco LP/CSI Compressco Finance, Inc.

7.50%, 4/1/2025 (f)
    830,000   830,000
Enerflex Ltd.

9.00%, 10/15/2027 (f)
    1,753,000   1,800,682
Helix Energy Solutions Group, Inc.

9.75%, 3/1/2029 (f)
    864,000   924,169
Kodiak Gas Services LLC

7.25%, 2/15/2029 (f)
    2,170,000   2,212,098
PACKAGING & CONTAINERS — 0.0% (c)  
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC

4.00%, 9/1/2029 (f)
    1,445,000   1,165,002
PHARMACEUTICALS — 0.0% (c)  
AdaptHealth LLC

5.13%, 3/1/2030 (f)
    1,520,000   1,325,714
PIPELINES — 0.2%  
Delek Logistics Partners LP/Delek Logistics Finance Corp.:          
7.13%, 6/1/2028 (f)
    1,906,000   1,861,952
8.63%, 3/15/2029 (f)
    663,000   677,109
Global Partners LP/GLP Finance Corp.:          
6.88%, 1/15/2029
    950,000   943,987
7.00%, 8/1/2027
    20,000   20,047
Hess Midstream Operations LP:          
5.13%, 6/15/2028 (f)
    3,950,000   3,820,716
5.63%, 2/15/2026 (f)
    658,000   652,565
 
See accompanying notes to Schedule of Investments.
39
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
NGL Energy Operating LLC/NGL Energy Finance Corp.

8.38%, 2/15/2032 (f)
    $900,000   $922,869
NuStar Logistics LP

6.38%, 10/1/2030
    350,000   353,199
REAL ESTATE — 0.1%  
Howard Hughes Corp.

4.13%, 2/1/2029 (f)
    1,630,000   1,465,354
Newmark Group, Inc.

7.50%, 1/12/2029 (f)
    1,741,000   1,790,113
REAL ESTATE INVESTMENT TRUSTS — 0.3%  
Apollo Commercial Real Estate Finance, Inc.

4.63%, 6/15/2029 (f)
    1,460,000   1,230,546
HAT Holdings I LLC/HAT Holdings II LLC

3.38%, 6/15/2026 (f)
    1,980,000   1,864,051
Iron Mountain Information Management Services, Inc.

5.00%, 7/15/2032 (f)
    1,820,000   1,661,241
Iron Mountain, Inc.:          
4.88%, 9/15/2029 (f)
    1,000,000   937,720
5.00%, 7/15/2028 (f)
    70,000   66,909
5.63%, 7/15/2032 (f)
    340,000   321,089
7.00%, 2/15/2029 (f)
    5,000   5,098
REIT, 4.50%, 2/15/2031 (f)
    340,000   307,176
MPT Operating Partnership LP/MPT Finance Corp.

5.00%, 10/15/2027
    450,000   379,859
Rithm Capital Corp.:          
6.25%, 10/15/2025 (f)
    537,000   532,983
8.00%, 4/1/2029 (f)
    1,092,000   1,059,797
Service Properties Trust:          
3.95%, 1/15/2028
    225,000   192,472
4.95%, 2/15/2027
    2,180,000   2,017,176
4.95%, 10/1/2029
    410,000   335,384
Starwood Property Trust, Inc.:          
3.63%, 7/15/2026 (f)
    330,000   309,434
4.38%, 1/15/2027 (f)
    3,840,000   3,612,211
7.25%, 4/1/2029 (f)
    288,000   290,261
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC

10.50%, 2/15/2028 (f)
    1,740,000   1,804,989
Vornado Realty LP

3.40%, 6/1/2031
    580,000   458,937
RETAIL — 0.4%  
1011778 BC ULC/New Red Finance, Inc.

4.38%, 1/15/2028 (f)
    2,000,000   1,890,600
Bath & Body Works, Inc.

6.88%, 11/1/2035
    290,000   296,250
Security Description     Principal
Amount 		  Value
Bloomin' Brands, Inc./OSI Restaurant Partners LLC

5.13%, 4/15/2029 (f)
    $670,000   $622,021
BlueLinx Holdings, Inc.

6.00%, 11/15/2029 (f)
    700,000   678,944
FirstCash, Inc.:          
4.63%, 9/1/2028 (f)
    3,780,000   3,558,416
5.63%, 1/1/2030 (f)
    650,000   618,351
6.88%, 3/1/2032 (f)
    384,000   384,261
Foot Locker, Inc.

4.00%, 10/1/2029 (f)
    1,160,000   976,790
Gap, Inc.:          
3.63%, 10/1/2029 (f)
    2,568,000   2,249,645
3.88%, 10/1/2031 (f)
    1,930,000   1,632,394
Macy's Retail Holdings LLC

5.88%, 3/15/2030 (f)
    580,000   564,073
Murphy Oil USA, Inc.:          
3.75%, 2/15/2031 (f)
    1,596,000   1,394,010
4.75%, 9/15/2029
    660,000   626,215
Nordstrom, Inc.

5.00%, 1/15/2044
    1,140,000   880,274
Patrick Industries, Inc.

4.75%, 5/1/2029 (f)
    1,969,000   1,838,278
Suburban Propane Partners LP/Suburban Energy Finance Corp.

5.00%, 6/1/2031 (f)
    3,020,000   2,751,492
Victoria's Secret & Co.

4.63%, 7/15/2029 (f)
    1,750,000   1,436,155
SEMICONDUCTORS — 0.0% (c)  
ams-OSRAM AG

12.25%, 3/30/2029 (f)
    928,000   932,334
Entegris, Inc.

3.63%, 5/1/2029 (f)
    630,000   565,847
SOFTWARE — 0.1%  
Fair Isaac Corp.

4.00%, 6/15/2028 (f)
    3,844,000   3,592,333
MicroStrategy, Inc.

6.13%, 6/15/2028 (f)
    1,440,000   1,391,011
PTC, Inc.

4.00%, 2/15/2028 (f)
    791,000   739,380
SS&C Technologies, Inc.

5.50%, 9/30/2027 (f)
    1,500,000   1,465,635
TELECOMMUNICATIONS — 0.1%  
Consolidated Communications, Inc.:          
5.00%, 10/1/2028 (f)
    110,000   91,692
6.50%, 10/1/2028 (f)
    650,000   570,453
Frontier Communications Holdings LLC

8.63%, 3/15/2031 (f)
    1,610,000   1,643,778
Telecom Italia Capital SA

7.72%, 6/4/2038
    300,000   300,150
Viavi Solutions, Inc.

3.75%, 10/1/2029 (f)
    1,100,000   944,372
 
See accompanying notes to Schedule of Investments.
40
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
TRANSPORTATION — 0.0% (c)  
Danaos Corp.

8.50%, 3/1/2028 (f)
    $610,000   $624,097
TOTAL CORPORATE BONDS & NOTES

(Cost $253,161,721)
        263,938,171
REPURCHASE AGREEMENTS — 1.8%  
Barclays Capital, Inc., dated 03/29/2024 (collateralized by U.S. Treasury Notes 3.000% due 08/15/2048, valued at $124,000,000); expected proceeds $101,159,167, 5.35%, 06/15/2024

(Cost $100,000,000)
    100,000,000   100,000,000
    Shares  
SHORT-TERM INVESTMENT — 7.8%
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (h) (i)

(Cost $436,569,033)
  436,569,033 436,569,033
TOTAL INVESTMENTS — 108.4%

(Cost $6,049,513,511)
    6,095,180,876
LIABILITIES IN EXCESS OF OTHER ASSETS — (8.4)%
    (469,766,704)
NET ASSETS — 100.0%
    $5,625,414,172
(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(b) Position is unsettled. Contract rate was not determined at March 31, 2024 and does not take effect until settlement date. Maturity date is not finalized until settlement date.
(c) Amount is less than 0.05% of net assets.
(d) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of March 31, 2024, total aggregate fair value of the securities is $22,984,293, representing 0.40% of the Fund's net assets.
(e) Non-income producing security.
(f) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 4.0% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(g) Security is currently in default and/or issuer is in bankruptcy.
(h) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(i) The rate shown is the annualized seven-day yield at March 31, 2024.
PIK Payment in Kind
REIT Real Estate Investment Trust
SOFR Secured Overnight Financing Rate
 
At March 31, 2024, the Fund had unfunded loan commitments of $2,051,575, which could be extended at the option of the borrowers, pursuant to the following loan agreements:   
Borrower   Unfunded Loan
Commitment ($) 		  Value ($)   Unrealized
Appreciation/(Depreciation) ($)
AI Aqua Merger Sub, Inc.
  615,652   619,180   3,528
Touchdown Acquirer Inc
  1,435,923   1,442,205   6,282
    $2,051,575   $2,061,385   $9,810
See accompanying notes to Schedule of Investments.
41
SPDR BLACKSTONE SENIOR LOAN ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Corporate Bonds & Notes
  $—   $263,938,171   $—   $263,938,171
Common Stocks
  —   —   22,984,293   22,984,293
Repurchase Agreements
  —   100,000,000   —   100,000,000
Senior Floating Rate Loans
  —   5,271,689,379   —   5,271,689,379
Short-Term Investment
  436,569,033   —   —   436,569,033
TOTAL INVESTMENTS
  $436,569,033   $5,635,627,550   $22,984,293   $6,095,180,876
OTHER FINANCIAL INSTRUMENTS:                
Unfunded Loans - Unrealized Appreciation
  $—   $9,810   $—   $9,810
TOTAL OTHER FINANCIAL INSTRUMENTS:
  $—   $9,810   $—   $9,810
 
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
State Street Institutional U.S. Government Money Market Fund, Class G Shares
302,552,338   $302,552,338   $3,216,882,831   $3,082,866,136   $—   $—   436,569,033   $436,569,033   $11,564,271
See accompanying notes to Schedule of Investments.
42
SPDR SSGA ULTRA SHORT TERM BOND ETF
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CORPORATE BONDS & NOTES — 59.7%          
AEROSPACE & DEFENSE — 2.1%   
BAE Systems PLC

COR, 5.00%, 3/26/2027 (a)
    $2,500,000   $2,495,075
Boeing Co.

4.88%, 5/1/2025
    5,000,000   4,944,550
Howmet Aerospace, Inc.

5.13%, 10/1/2024
    3,264,000   3,248,594
L3Harris Technologies, Inc.

5.40%, 1/15/2027
    1,000,000   1,006,900
RTX Corp.

5.75%, 11/8/2026
    750,000   761,850
          12,456,969
AGRICULTURE — 1.1%   
Imperial Brands Finance PLC

3.13%, 7/26/2024 (a)
    408,000   404,210
Philip Morris International, Inc.:          
4.75%, 2/12/2027
    3,420,000   3,399,001
5.13%, 11/15/2024
    2,500,000   2,493,700
          6,296,911
APPAREL — 0.1%   
Tapestry, Inc.

7.05%, 11/27/2025
    625,000   637,994
AUTO MANUFACTURERS — 4.8%   
American Honda Finance Corp.:          
Series GMTN, 5.80%, 10/3/2025
    3,000,000   3,029,550
SOFR + 0.92%, 6.27%, 1/12/2026 (b)
    2,915,000   2,930,857
Daimler Truck Finance North America LLC:          
COR, 5.00%, 1/15/2027 (a)
    2,500,000   2,495,050
5.20%, 1/17/2025 (a)
    1,500,000   1,495,020
SOFR + 0.75%, 6.11%, 12/13/2024 (a) (b)
    1,000,000   1,002,100
Ford Motor Credit Co. LLC

2.30%, 2/10/2025
    1,680,000   1,629,298
General Motors Financial Co., Inc.:          
3.80%, 4/7/2025
    2,000,000   1,963,320
5.40%, 4/6/2026
    925,000   925,768
Mercedes-Benz Finance North America LLC:          
5.50%, 11/27/2024 (a)
    5,000,000   4,994,950
SOFR + 0.93%, 6.29%, 3/30/2025 (a) (b)
    4,000,000   4,022,560
Nissan Motor Acceptance Co. LLC

6.95%, 9/15/2026 (a)
    500,000   513,325
Toyota Motor Credit Corp.

SOFR + 0.56%, 5.91%, 1/10/2025 (b)
    3,335,000   3,343,471
          28,345,269
Security Description     Principal
Amount 		  Value
BANKS — 17.8%   
Bank of America NA

SOFR + 0.78%, 6.14%, 8/18/2025 (b)
    $5,000,000   $5,021,750
Barclays Bank PLC

3.75%, 5/15/2024
    2,000,000   1,995,240
Canadian Imperial Bank of Commerce

5.93%, 10/2/2026
    2,500,000   2,547,825
Citibank NA

5.86%, 9/29/2025
    1,880,000   1,897,710
Citigroup, Inc.:          
SOFR + 1.37%, 4.14%, 5/24/2025 (b)
    1,500,000   1,495,545
SOFR + 0.69%, 6.04%, 10/30/2024 (b)
    7,000,000   7,008,190
Discover Bank

2.45%, 9/12/2024
    2,000,000   1,969,300
Goldman Sachs Group, Inc.:          
3.85%, 1/26/2027
    1,400,000   1,357,300
5.70%, 11/1/2024
    5,000,000   5,001,400
SOFR + 0.49%, 5.84%, 10/21/2024 (b)
    1,500,000   1,500,660
SOFR + 0.51%, 5.87%, 9/10/2024 (b)
    5,000,000   5,003,400
HSBC Holdings PLC

SOFR + 1.43%, 6.79%, 3/10/2026 (b)
    1,000,000   1,005,780
HSBC USA, Inc.

5.63%, 3/17/2025
    3,000,000   3,005,490
Huntington Bancshares, Inc.

2.63%, 8/6/2024
    7,333,000   7,249,404
JPMorgan Chase & Co.

3 mo. USD Term SOFR + 0.58%, 0.97%, 6/23/2025 (b)
    5,000,000   4,941,950
KeyBank NA:          
4.15%, 8/8/2025
    770,000   748,640
SOFR + 0.32%, 5.68%, 6/14/2024 (b)
    1,000,000   998,680
Macquarie Group Ltd.

SOFR + 0.71%, 6.06%, 10/14/2025 (a) (b)
    1,000,000   997,920
Mitsubishi UFJ Financial Group, Inc.

1 yr. CMT + 1.70%, 4.79%, 7/18/2025 (b)
    5,000,000   4,982,350
Morgan Stanley:          
SOFR + 1.16%, 3.62%, 4/17/2025 (b)
    5,000,000   4,995,000
Series F, 3.88%, 4/29/2024
    4,000,000   3,994,320
Series GMTN, SOFR + 0.51%, 5.86%, 1/22/2025 (b)
    1,500,000   1,500,735
Morgan Stanley Bank NA

5.88%, 10/30/2026
    5,000,000   5,095,750
National Australia Bank Ltd.

1.39%, 1/12/2025 (a)
    1,500,000   1,454,820
 
See accompanying notes to Schedule of Investments.
43
SPDR SSGA ULTRA SHORT TERM BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
NatWest Markets PLC

SOFR + 0.53%, 5.88%, 8/12/2024 (a) (b)
    $2,125,000   $2,125,510
Royal Bank of Canada

Series GMTN, SOFR + 0.53%, 5.88%, 1/20/2026 (b)
    500,000   498,840
Sumitomo Mitsui Financial Group, Inc.:          
4.44%, 4/2/2024 (a)
    5,000,000   5,000,000
SOFR + 1.43%, 6.78%, 1/13/2026 (b)
    2,000,000   2,027,420
Sumitomo Mitsui Trust Bank Ltd.:          
0.80%, 9/16/2024 (a)
    2,500,000   2,443,475
SOFR + 0.44%, 5.80%, 9/16/2024 (a) (b)
    1,500,000   1,500,030
Toronto-Dominion Bank

Series MTN, SOFR + 0.35%, 5.71%, 9/10/2024 (b)
    1,515,000   1,515,651
U.S. Bancorp

Series MTN, 3.60%, 9/11/2024
    10,000,000   9,909,600
Wells Fargo & Co.

Series MTN, 3 mo. USD Term SOFR + 1.09%, 2.41%, 10/30/2025 (b)
    4,500,000   4,414,590
          105,204,275
BEVERAGES — 1.4%   
Constellation Brands, Inc.

5.00%, 2/2/2026
    1,000,000   993,920
PepsiCo, Inc.

SOFR + 0.40%, 5.75%, 11/12/2024 (b)
    7,000,000   7,004,620
          7,998,540
BIOTECHNOLOGY — 0.1%   
Amgen, Inc.

5.51%, 3/2/2026
    500,000   499,775
CHEMICALS — 0.8%   
Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. LP

COR, 3.40%, 12/1/2026 (a)
    3,226,000   3,094,315
Nutrien Ltd.

5.90%, 11/7/2024
    830,000   830,672
Sherwin-Williams Co.

4.05%, 8/8/2024
    875,000   869,321
          4,794,308
COMMERCIAL SERVICES — 0.1%   
Cintas Corp. No. 2

3.45%, 5/1/2025
    585,000   573,294
COSMETICS/PERSONAL CARE — 0.2%   
Kenvue, Inc.

5.50%, 3/22/2025
    1,040,000   1,042,049
Security Description     Principal
Amount 		  Value
DIVERSIFIED FINANCIAL SERVICES — 3.3%   
AerCap Ireland Capital DAC/AerCap Global Aviation Trust

6.45%, 4/15/2027 (a)
    $915,000   $939,558
Ally Financial, Inc.

5.13%, 9/30/2024
    3,000,000   2,985,390
Charles Schwab Corp.

5.88%, 8/24/2026
    7,000,000   7,115,990
Nasdaq, Inc.

5.65%, 6/28/2025
    645,000   647,219
Stifel Financial Corp.

4.25%, 7/18/2024
    1,000,000   994,170
Synchrony Financial

4.25%, 8/15/2024
    6,597,000   6,553,328
          19,235,655
ELECTRIC — 3.6%   
CenterPoint Energy, Inc.

SOFR + 0.65%, 6.00%, 5/13/2024 (b)
    750,000   749,978
DTE Energy Co.

4.22%, 11/1/2024 (c)
    1,250,000   1,238,775
Eversource Energy

4.20%, 6/27/2024
    3,080,000   3,067,618
Jersey Central Power & Light Co.

4.70%, 4/1/2024 (a)
    1,888,000   1,888,000
National Rural Utilities Cooperative Finance Corp.

Series D, SOFR + 0.33%, 5.68%, 10/18/2024 (b)
    2,500,000   2,500,675
NextEra Energy Capital Holdings, Inc.:          
4.26%, 9/1/2024
    1,250,000   1,242,100
5.75%, 9/1/2025
    500,000   502,255
6.05%, 3/1/2025
    875,000   878,378
Southern California Edison Co.

SOFR + 0.83%, 6.18%, 4/1/2024 (b)
    640,000   640,000
Southwestern Public Service Co.

3.30%, 6/15/2024
    6,982,000   6,938,642
Tampa Electric Co.

3.88%, 7/12/2024
    1,670,000   1,660,130
          21,306,551
ELECTRONICS — 0.4%   
Arrow Electronics, Inc.

6.13%, 3/1/2026
    2,500,000   2,497,250
ENTERTAINMENT — 0.3%   
Warnermedia Holdings, Inc.:          
3.64%, 3/15/2025
    1,000,000   980,240
6.41%, 3/15/2026
    1,000,000   1,000,030
          1,980,270
FOOD — 0.1%   
Campbell Soup Co.

5.30%, 3/20/2026
    830,000   831,029
 
See accompanying notes to Schedule of Investments.
44
SPDR SSGA ULTRA SHORT TERM BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
HAND & MACHINE TOOLS — 0.4%   
Stanley Black & Decker, Inc.

6.27%, 3/6/2026
    $2,500,000   $2,502,475
HEALTH CARE PRODUCTS — 0.4%   
GE HealthCare Technologies, Inc.

5.55%, 11/15/2024
    1,000,000   998,080
Revvity, Inc.

0.85%, 9/15/2024
    1,000,000   977,090
Smith & Nephew PLC

5.15%, 3/20/2027
    525,000   524,543
          2,499,713
INSURANCE — 2.2%   
Athene Global Funding:          
2.75%, 6/25/2024 (a)
    4,060,000   4,030,402
SOFR + 0.70%, 6.06%, 5/24/2024 (a) (b)
    1,000,000   1,000,630
Corebridge Global Funding

5.75%, 7/2/2026 (a)
    2,500,000   2,504,175
Pacific Life Global Funding II

SOFR + 0.62%, 5.98%, 6/4/2026 (a) (b)
    4,168,000   4,160,748
Pricoa Global Funding I

2.40%, 9/23/2024 (a)
    1,500,000   1,476,600
          13,172,555
INVESTMENT COMPANY SECURITY — 0.2%   
ARES Capital Corp.

7.00%, 1/15/2027
    500,000   514,910
Blackstone Private Credit Fund

2.35%, 11/22/2024
    1,000,000   976,300
          1,491,210
IT SERVICES — 0.3%   
Apple, Inc.

4.42%, 5/8/2026
    1,785,000   1,777,789
LODGING — 0.8%   
Las Vegas Sands Corp.

3.20%, 8/8/2024
    2,635,000   2,604,829
Sands China Ltd.

5.13%, 8/8/2025
    2,000,000   1,972,300
          4,577,129
MACHINERY, CONSTRUCTION & MINING — 1.0%   
Caterpillar Financial Services Corp.:          
4.80%, 1/6/2026
    2,500,000   2,497,125
5.15%, 8/11/2025
    3,500,000   3,502,660
          5,999,785
MACHINERY-DIVERSIFIED — 1.2%   
John Deere Capital Corp.:          
Series MTN, 3.40%, 6/6/2025
    1,390,000   1,362,923
Series MTN, 4.05%, 9/8/2025
    2,000,000   1,972,900
Series MTN, 4.80%, 1/9/2026
    2,000,000   1,994,940
Security Description     Principal
Amount 		  Value
Series MTN, SOFR + 0.20%, 5.55%, 10/11/2024 (b)
    $1,500,000   $1,500,015
          6,830,778
MINING — 1.7%   
BHP Billiton Finance USA Ltd.

4.88%, 2/27/2026
    4,000,000   3,986,960
Glencore Funding LLC

4.00%, 4/16/2025 (a)
    5,000,000   4,916,400
Newmont Corp./Newcrest Finance Pty. Ltd.

5.30%, 3/15/2026 (a)
    1,390,000   1,393,850
          10,297,210
MISCELLANEOUS MANUFACTURER — 3.2%   
Parker-Hannifin Corp.

3.65%, 6/15/2024
    11,000,000   10,951,270
Siemens Financieringsmaatschappij NV:          
COR, 3.40%, 3/16/2027 (a)
    5,000,000   4,808,900
6.13%, 8/17/2026 (a)
    3,000,000   3,078,150
          18,838,320
OIL & GAS — 0.7%   
Chevron USA, Inc.

3.90%, 11/15/2024
    1,000,000   990,960
Occidental Petroleum Corp.

6.95%, 7/1/2024
    2,500,000   2,504,275
Pioneer Natural Resources Co.

5.10%, 3/29/2026
    795,000   794,141
          4,289,376
PACKAGING & CONTAINERS — 0.4%   
Graphic Packaging International LLC

0.82%, 4/15/2024 (a)
    1,000,000   997,640
Sonoco Products Co.

1.80%, 2/1/2025
    1,470,000   1,422,725
          2,420,365
PHARMACEUTICALS — 3.2%   
AbbVie, Inc.

4.80%, 3/15/2027
    3,245,000   3,246,752
Astrazeneca Finance LLC

0.70%, 5/28/2024
    2,000,000   1,984,820
Bristol-Myers Squibb Co.

4.90%, 2/22/2027
    835,000   837,856
Cigna Group

5.69%, 3/15/2026
    5,000,000   5,000,200
Eli Lilly & Co.

5.00%, 2/27/2026
    3,555,000   3,554,787
Pfizer Investment Enterprises Pte. Ltd.

4.65%, 5/19/2025
    2,240,000   2,225,664
Viatris, Inc.

1.65%, 6/22/2025
    2,500,000   2,377,800
          19,227,879
 
See accompanying notes to Schedule of Investments.
45
SPDR SSGA ULTRA SHORT TERM BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
PIPELINES — 1.3%   
Energy Transfer LP:          
5.75%, 4/1/2025
    $3,000,000   $2,998,230
6.05%, 12/1/2026
    1,500,000   1,531,095
Sabine Pass Liquefaction LLC

5.63%, 3/1/2025
    1,000,000   999,260
Williams Cos., Inc.

4.55%, 6/24/2024
    2,000,000   1,994,780
          7,523,365
REAL ESTATE INVESTMENT TRUSTS — 2.8%   
Kilroy Realty LP

3.45%, 12/15/2024
    1,953,000   1,915,932
Kite Realty Group Trust

4.00%, 3/15/2025
    3,000,000   2,943,720
Omega Healthcare Investors, Inc.

4.50%, 1/15/2025
    1,500,000   1,483,500
Realty Income Corp.

5.05%, 1/13/2026
    6,889,000   6,867,851
VICI Properties LP/VICI Note Co., Inc.

3.50%, 2/15/2025 (a)
    3,243,000   3,173,308
          16,384,311
RETAIL — 1.1%   
Dollar General Corp.

4.25%, 9/20/2024
    6,484,000   6,437,510
SEMICONDUCTORS — 0.9%   
Intel Corp.

4.88%, 2/10/2026
    5,565,000   5,550,030
SOFTWARE — 0.8%   
Intuit, Inc.

5.25%, 9/15/2026
    2,500,000   2,523,025
Microsoft Corp.

3.40%, 9/15/2026 (a)
    2,250,000   2,179,215
          4,702,240
TELECOMMUNICATIONS — 0.7%   
AT&T, Inc.

5.54%, 2/20/2026
    4,000,000   3,999,840
TRANSPORTATION — 0.2%   
Canadian Pacific Railway Co.

1.35%, 12/2/2024
    1,000,000   972,460
TOTAL CORPORATE BONDS & NOTES

(Cost $352,865,455)
        353,194,479
ASSET-BACKED SECURITIES — 9.4%          
AUTOMOBILE — 6.4%          
Honda Auto Receivables Owner Trust

Series 2023-4, Class A2, 5.87%, 6/22/2026
    6,000,000   6,018,821
Security Description     Principal
Amount 		  Value
Hyundai Auto Lease Securitization Trust

Series 2023-A, Class A3, 5.05%, 1/15/2026 (a)
    $10,000,000   $9,968,922
Mercedes-Benz Auto Lease Trust

Series 2023-A, Class A3, 4.74%, 1/15/2027
    10,000,000   9,932,728
Nissan Auto Lease Trust

Series 2024-A, Class A2A, 5.11%, 10/15/2026
    5,607,000   5,590,926
Toyota Auto Receivables Owner Trust

Series 2023-D, Class A2A, 5.80%, 11/16/2026
    6,500,000   6,515,200
          38,026,597
CREDIT CARD — 3.0%          
American Express Credit Account Master Trust

Series 2022-2, Class A, 3.39%, 5/15/2027
    18,000,000   17,627,570
TOTAL ASSET-BACKED SECURITIES

(Cost $55,223,808)
        55,654,167
U.S. TREASURY OBLIGATIONS — 18.6%          
U.S. Treasury Bills:          
5.03%, 4/16/2024
    40,000,000   39,912,339
5.25%, 5/14/2024
    40,000,000   39,748,499
U.S. Treasury Notes:          
4.00%, 6/30/2028
    6,746,000   6,671,689
4.75%, 7/31/2025
    20,183,100   20,147,622
5.00%, 9/30/2025
    3,738,000   3,747,199
TOTAL U.S. TREASURY OBLIGATIONS

(Cost $110,133,320)
        110,227,348
MORTGAGE-BACKED SECURITIES — 1.7%          
BHMS Mortgage Trust Series 2018-ATLS, Class A, 1 mo. USD Term SOFR + 1.55%, 6.87%, 7/15/2035 (a) (b)
    2,870,000   2,860,408
CSMC Trust Capital Certificates Series 2019-ICE4, Class A, 1 mo. USD Term SOFR + 1.03%, 6.35%, 5/15/2036 (a) (b)
    7,331,759   7,329,702
TOTAL MORTGAGE-BACKED SECURITIES

(Cost $10,169,381)
        10,190,110
 
See accompanying notes to Schedule of Investments.
46
SPDR SSGA ULTRA SHORT TERM BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
COMMERCIAL MORTGAGE BACKED SECURITIES — 2.1%          
BPR Trust Series 2022-OANA, Class A, 1 mo. USD Term SOFR + 1.90%, 7.22%, 4/15/2037 (a) (b)
    $1,800,000   $1,807,443
BX Mortgage Trust Series 2021-PAC, Class B, 1 mo. USD Term SOFR + 1.01%, 6.34%, 10/15/2036 (a) (b)
    2,500,000   2,463,742
Cold Storage Trust:          
Series 2020-ICE5, Class A, 1 mo. USD Term SOFR + 1.01%, 6.33%, 11/15/2037 (a) (b)
    3,178,991   3,172,646
Series 2020-ICE5, Class B, 1 mo. USD Term SOFR + 1.41%, 6.73%, 11/15/2037 (a) (b)
    4,914,953   4,902,768
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES

(Cost $12,335,087)
        12,346,599
    Shares  
SHORT-TERM INVESTMENT — 7.7%  
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (d) (e)

(Cost $45,412,893)
45,412,893 45,412,893
TOTAL INVESTMENTS — 99.2%

(Cost $586,139,944)
587,025,596
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.8%
4,437,628
NET ASSETS — 100.0%
$591,463,224
    
(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 17.4% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(b) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(c) Step-up bond - Coupon rate increases in increments to maturity. Rate shown as of March 31, 2024. Maturity date shown is the final maturity.
(d) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(e) The rate shown is the annualized seven-day yield at March 31, 2024.
CMT Constant Maturity Treasury
GMTN Global Medium Term Note
MTN Medium Term Note
SOFR Secured Overnight Financing Rate
 
See accompanying notes to Schedule of Investments.
47
SPDR SSGA ULTRA SHORT TERM BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
At March 31, 2024, open futures contracts were as follows:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Amount 		  Value   Unrealized
Appreciation
(Depreciation)
2 Yr. U.S. Treasury Note Futures (short)   (66)   06/28/2024   $(13,500,141)   $(13,495,969)   $4,172
5 Yr. U.S. Treasury Note Futures (long)   180   06/28/2024   19,207,912   19,262,812   54,900
                    $59,072
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Corporate Bonds & Notes
  $—   $353,194,479   $—   $353,194,479
Asset-Backed Securities
  —   55,654,167   —   55,654,167
U.S. Treasury Obligations
  —   110,227,348   —   110,227,348
Mortgage-Backed Securities
  —   10,190,110   —   10,190,110
Commercial Mortgage Backed Securities
  —   12,346,599   —   12,346,599
Short-Term Investment
  45,412,893   —   —   45,412,893
TOTAL INVESTMENTS
  $45,412,893   $541,612,703   $—   $587,025,596
OTHER FINANCIAL INSTRUMENTS:                
Futures Contracts - Unrealized Appreciation
  $59,072   $—   $—   $59,072
TOTAL OTHER FINANCIAL INSTRUMENTS:
  $59,072   $—   $—   $59,072
 
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
State Street Institutional U.S. Government Money Market Fund, Class G Shares
49,808,408   $49,808,408   $461,514,536   $465,910,051   $—   $—   45,412,893   $45,412,893   $2,624,658
See accompanying notes to Schedule of Investments.
48
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CORPORATE BONDS & NOTES — 12.3%          
AUSTRALIA — 0.3%        
AngloGold Ashanti Holdings PLC

3.75%, 10/1/2030
    $200,000   $174,262
BHP Billiton Finance USA Ltd.

5.25%, 9/8/2030
    1,823,000   1,851,822
Glencore Funding LLC:          
1.63%, 4/27/2026 (a)
    1,183,000   1,096,700
5.37%, 4/4/2029 (a)
    1,965,000   1,967,967
Macquarie Group Ltd. SOFR + 1.53%,

2.87%, 1/14/2033 (a) (b)
    2,426,000   2,015,957
Westpac Banking Corp. 5 yr. CMT + 1.53%,

3.02%, 11/18/2036 (b)
    2,263,000   1,860,254
          8,966,962
BERMUDA — 0.1%        
Triton Container International Ltd./TAL International Container Corp.

3.25%, 3/15/2032
    2,198,000   1,781,809
BRAZIL — 0.4%        
Banco do Brasil SA 10 yr. CMT + 4.40%,

6.25%, 10/15/2024 (b)
    400,000   402,108
Banco do Estado do Rio Grande do Sul SA VRN, 5 yr. CMT + 4.93%,

5.38%, 1/28/2031 (b)
    500,000   481,365
Braskem Netherlands Finance BV 5 yr. CMT + 8.22%,

8.50%, 1/23/2081 (b)
    1,100,000   1,104,532
Cosan Overseas Ltd.

8.25%, 5/5/2024
    900,000   921,375
CSN Resources SA

5.88%, 4/8/2032
    1,400,000   1,224,860
Guara Norte SARL

5.20%, 6/15/2034
    1,113,827   1,014,719
Itau Unibanco Holding SA VRN, 5 yr. CMT + 3.22%,

4.63%, 2/27/2025 (b)
    661,000   620,097
MARB BondCo PLC

3.95%, 1/29/2031
    1,300,000   1,072,097
MC Brazil Downstream Trading SARL

7.25%, 6/30/2031
    190,150   172,892
Minerva Luxembourg SA:          
4.38%, 3/18/2031
    700,000   584,787
8.88%, 9/13/2033 (a)
    1,000,000   1,051,330
MV24 Capital BV

6.75%, 6/1/2034
    1,048,268   981,514
Nexa Resources SA

5.38%, 5/4/2027
    500,000   487,640
Security Description     Principal
Amount 		  Value
Prumo Participacoes e Investimentos SA

7.50%, 12/31/2031
    $629,489   $627,985
Simpar Europe SA

5.20%, 1/26/2031
    600,000   524,478
Unigel Luxembourg SA

8.75%, 10/1/2026 (c)
    400,000   129,724
          11,401,503
CANADA — 0.3%        
1375209 BC Ltd.

9.00%, 1/30/2028 (a)
    79,000   77,434
Bank of Montreal 5 yr. CMT + 1.40%,

3.09%, 1/10/2037 (b)
    2,254,000   1,846,229
Bombardier, Inc.

8.75%, 11/15/2030 (a)
    470,000   502,312
Garda World Security Corp.:          
4.63%, 2/15/2027 (a)
    615,000   589,508
6.00%, 6/1/2029 (a)
    350,000   313,436
Husky Injection Molding Systems Ltd./Titan Co.-Borrower LLC

9.00%, 2/15/2029 (a)
    650,000   672,256
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.

5.00%, 12/31/2026 (a)
    380,000   373,228
Mattamy Group Corp.

4.63%, 3/1/2030 (a)
    490,000   445,797
Ontario Gaming GTA LP/OTG Co.-Issuer, Inc.

8.00%, 8/1/2030 (a)
    540,000   557,658
Parkland Corp.

4.63%, 5/1/2030 (a)
    300,000   276,573
Primo Water Holdings, Inc.

4.38%, 4/30/2029 (a)
    325,000   298,334
Royal Bank of Canada Series GMTN,

5.15%, 2/1/2034
    459,000   459,353
Superior Plus LP/Superior General Partner, Inc.

4.50%, 3/15/2029 (a)
    640,000   591,482
Telesat Canada/Telesat LLC:          
4.88%, 6/1/2027 (a)
    60,000   33,670
6.50%, 10/15/2027 (a)
    75,000   32,054
Titan Acquisition Ltd./Titan Co.-Borrower LLC

7.75%, 4/15/2026 (a)
    410,000   409,676
          7,479,000
CAYMAN ISLANDS — 0.0% (d)        
Global Aircraft Leasing Co. Ltd. PIK,

6.50%, 9/15/2024 (a)
    776,346   736,589
CHILE — 0.1%        
Agrosuper SA

4.60%, 1/20/2032
    1,000,000   857,990
 
See accompanying notes to Schedule of Investments.
49
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CAP SA

3.90%, 4/27/2031 (a)
    $1,800,000   $1,413,000
Chile Electricity PEC SpA

0.00%, 1/25/2028 (a)
    900,000   705,249
Empresa Electrica Cochrane SpA

5.50%, 5/14/2027
    419,440   407,280
GNL Quintero SA

4.63%, 7/31/2029
    129,440   126,225
          3,509,744
CHINA — 0.1%        
NXP BV/NXP Funding LLC/NXP USA, Inc.

3.88%, 6/18/2026
    1,415,000   1,373,654
COLOMBIA — 0.4%        
AI Candelaria Spain SA:          

5.75%, 6/15/2033 (a)
    2,015,000   1,634,951
7.50%, 12/15/2028
    412,499   402,962
Banco Davivienda SA VRN, 10 yr. CMT + 5.10%,

6.65%, 4/22/2031 (a) (b)
    600,000   422,178
Banco GNB Sudameris SA 5 yr. CMT + 6.66%,

7.50%, 4/16/2031 (b)
    150,000   128,408
Bancolombia SA VRN, 5 yr. CMT + 2.94%,

4.63%, 12/18/2029 (b)
    2,100,000   2,047,962
Canacol Energy Ltd.

5.75%, 11/24/2028
    1,000,000   444,450
Ecopetrol SA:          
5.88%, 5/28/2045
    200,000   149,164
5.88%, 11/2/2051
    2,050,000   1,471,592
Empresas Publicas de Medellin ESP

4.25%, 7/18/2029
    1,000,000   866,860
Fideicomiso PA Pacifico Tres

8.25%, 1/15/2035
    343,720   327,386
Geopark Ltd.

5.50%, 1/17/2027
    1,530,000   1,390,755
Gran Tierra Energy, Inc.

9.50%, 10/15/2029 (a)
    400,000   374,076
Grupo Aval Ltd.

4.38%, 2/4/2030 (a)
    300,000   252,333
          9,913,077
FRANCE — 0.0% (d)        
Altice France SA

5.50%, 10/15/2029 (a)
    460,000   309,640
GERMANY — 0.0% (d)        
TK Elevator U.S. Newco, Inc.

5.25%, 7/15/2027 (a)
    325,000   314,035
GUATEMALA — 0.1%        
Banco Industrial SA 5 yr. CMT + 4.44%,

4.88%, 1/29/2031 (b)
    750,000   712,478
Security Description     Principal
Amount 		  Value
CT Trust

5.13%, 2/3/2032
    $1,000,000   $885,970
Millicom International Cellular SA:          
6.25%, 3/25/2029
    360,000   350,503
6.63%, 10/15/2026
    540,000   537,084
          2,486,035
HONG KONG — 0.0% (d)        
Seaspan Corp.

5.50%, 8/1/2029 (a)
    325,000   283,358
INDIA — 0.3%        
Adani Electricity Mumbai Ltd.

3.95%, 2/12/2030
    349,000   296,755
Adani International Container Terminal Pvt Ltd.

3.00%, 2/16/2031
    710,000   604,782
Adani Ports & Special Economic Zone Ltd.:          
4.00%, 7/30/2027
    200,000   183,327
4.20%, 8/4/2027
    1,300,000   1,199,744
4.38%, 7/3/2029
    400,000   356,036
Adani Transmission Step-One Ltd.:          
4.00%, 8/3/2026
    600,000   563,996
4.25%, 5/21/2036
    549,500   465,846
JSW Hydro Energy Ltd.

4.13%, 5/18/2031 (a)
    563,500   499,357
Network i2i Ltd. 5 yr. CMT + 4.27%,

5.65%, 1/15/2025 (b)
    800,000   793,080
Reliance Industries Ltd.

3.67%, 11/30/2027
    250,000   236,698
UPL Corp. Ltd.:          
4.50%, 3/8/2028
    1,300,000   1,111,301
4.63%, 6/16/2030
    200,000   159,668
Vedanta Resources Finance II PLC

9.25%, 4/23/2026 (a)
    1,400,000   1,138,998
          7,609,588
INDONESIA — 0.2%        
Adaro Indonesia PT

4.25%, 10/31/2024
    250,000   246,447
Bank Negara Indonesia Persero Tbk. PT Series EMTN,

3.75%, 3/30/2026
    200,000   190,793
Freeport Indonesia PT:          
4.76%, 4/14/2027
    200,000   195,202

5.32%, 4/14/2032 (a)
    1,100,000   1,073,732
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT:          
4.75%, 5/15/2025
    400,000   395,132
5.45%, 5/15/2030
    400,000   394,936
 
See accompanying notes to Schedule of Investments.
50
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
LLPL Capital Pte. Ltd.

6.88%, 2/4/2039
    $1,548,400   $1,538,041
Minejesa Capital BV

5.63%, 8/10/2037
    2,400,000   2,166,720
          6,201,003
IRELAND — 0.1%        
Avolon Holdings Funding Ltd.

5.75%, 3/1/2029 (a)
    1,859,000   1,852,995
GGAM Finance Ltd.

6.88%, 4/15/2029 (a)
    400,000   402,912
          2,255,907
JAMAICA — 0.0% (d)        
Digicel Group Holdings Ltd.:          
Series 2A, Zero Coupon, 12/31/2030 (a) (e)
    113,321   104,603
Series 2B, Zero Coupon, 12/31/2030 (a) (e)
    495,904   76,587
Series 4A14, Zero Coupon, 12/31/2030 (a) (e)
    6,270   5,062
Series 4B14, Zero Coupon, 12/31/2030 (a) (e)
    614,948   7,059
          193,311
KUWAIT — 0.0% (d)        
MEGlobal Canada ULC

5.00%, 5/18/2025
    200,000   197,316
LUXEMBOURG — 0.0% (d)        
Altice Financing SA

5.00%, 1/15/2028 (a)
    240,000   197,350
Altice France Holding SA

6.00%, 2/15/2028 (a)
    430,000   117,799
INEOS Finance PLC

7.50%, 4/15/2029 (a)
    565,000   566,740
Intelsat Jackson Holdings SA

6.50%, 3/15/2030 (a)
    240,000   223,591
          1,105,480
MEXICO — 0.3%        
Banco Mercantil del Norte SA:          
10 yr. CMT + 5.03%, 6.63%, 1/24/2032 (b)
    200,000   182,140
10 yr. CMT + 5.47%, 7.50%, 6/27/2029 (a) (b)
    1,400,000   1,386,812
Banco Nacional de Comercio Exterior SNC 5 yr. CMT + 2.00%,

2.72%, 8/11/2031 (b)
    600,000   534,240
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand 5 yr. CMT + 3.00%,

7.53%, 10/1/2028 (b)
    200,000   208,606
BBVA Bancomer SA:          
5 yr. CMT + 2.65%, 5.13%, 1/18/2033 (b)
    1,300,000   1,206,712
Security Description     Principal
Amount 		  Value
VRN, 5 yr. CMT + 4.31%, 5.88%, 9/13/2034 (b)
    $800,000   $754,536
Braskem Idesa SAPI

6.99%, 2/20/2032
    500,000   387,825
Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy

7.88%, 2/15/2039 (a)
    500,000   541,375
Cemex SAB de CV:          
5 yr. CMT + 4.53%, 5.13%, 6/8/2026 (b)
    1,600,000   1,543,520
5 yr. CMT + 5.16%, 9.13%, 3/14/2028 (a) (b)
    200,000   216,946
Cometa Energia SA de CV

6.38%, 4/24/2035
    160,400   160,573
Credito Real SAB de CV SOFOM ER 5 yr. CMT + 7.03%,

9.13%, 11/29/2027 (b) (c)
    500,000   3,605
KUO SAB de CV

5.75%, 7/7/2027
    500,000   472,335
Mexarrend SAPI de CV

10.25%, 7/24/2024 (a)
    282,000   55,140
Mexico Generadora de Energia S de Real

5.50%, 12/6/2032
    632,120   618,245
Petroleos Mexicanos

6.75%, 9/21/2047
    700,000   466,088
Southern Copper Corp.

3.88%, 4/23/2025
    50,000   49,016
Tierra Mojada Luxembourg II SARL

5.75%, 12/1/2040
    180,934   165,603
Unifin Financiera SAB de CV 5 yr. CMT + 6.31%,

8.88%, 1/29/2025 (b) (c)
    1,800,000   162
          8,953,479
NETHERLANDS — 0.0% (d)        
VZ Secured Financing BV

5.00%, 1/15/2032 (a)
    575,000   493,661
PANAMA — 0.0% (d)        
Empresa de Transmision Electrica SA

5.13%, 5/2/2049
    200,000   144,426
UEP Penonome II SA

6.50%, 10/1/2038 (a)
    660,319   516,389
          660,815
PARAGUAY — 0.1%        
Bioceanico Sovereign Certificate Ltd.

Zero Coupon, 6/5/2034
    867,740   634,752
Frigorifico Concepcion SA

7.70%, 7/21/2028
    400,000   348,780
Rutas 2 & 7 Finance Ltd.

Zero Coupon, 9/30/2036
    1,343,333   914,675
          1,898,207
 
See accompanying notes to Schedule of Investments.
51
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
PERU — 0.3%        
Banco de Credito del Peru SA:          
5 yr. CMT + 2.45%, 3.25%, 9/30/2031 (b)
    $650,000   $601,536
5 yr. CMT + 3.00%, 3.13%, 7/1/2030 (b)
    1,000,000   958,780
Banco Internacional del Peru SAA Interbank VRN, 5 yr. CMT + 3.71%,

4.00%, 7/8/2030 (b)
    1,700,000   1,631,983
Cia de Minas Buenaventura SAA

5.50%, 7/23/2026
    1,100,000   1,058,178
Inkia Energy Ltd.

5.88%, 11/9/2027
    1,131,000   1,103,234
InRetail Shopping Malls

5.75%, 4/3/2028
    200,000   194,062
Lima Metro Line 2 Finance Ltd.

5.88%, 7/5/2034
    305,730   302,798
Minsur SA

4.50%, 10/28/2031
    600,000   524,814
Orazul Energy Peru SA

5.63%, 4/28/2027
    400,000   379,276
Petroleos del Peru SA:          
4.75%, 6/19/2032
    700,000   548,989
5.63%, 6/19/2047
    400,000   266,128
          7,569,778
SINGAPORE — 0.1%        
Avation Capital SA PIK,

8.25%, 10/31/2026 (a)
    274,193   235,954
DBS Group Holdings Ltd. Series GMTN, VRN, 5 yr. CMT + 1.10%,

1.82%, 3/10/2031 (b)
    400,000   372,169
Oversea-Chinese Banking Corp. Ltd. VRN, 5 yr. CMT + 1.58%,

1.83%, 9/10/2030 (b)
    1,500,000   1,418,625
United Overseas Bank Ltd.:          
5 yr. CMT + 1.23%, 2.00%, 10/14/2031 (b)
    600,000   549,366
Series GMTN, VRN, 5 yr. CMT + 1.52%, 1.75%, 3/16/2031 (b)
    1,200,000   1,113,390
          3,689,504
SOUTH AFRICA — 0.1%        
Gold Fields Orogen Holdings BVI Ltd.

5.13%, 5/15/2024
    400,000   398,734
Sasol Financing USA LLC:          
4.38%, 9/18/2026
    200,000   188,276
5.50%, 3/18/2031
    1,200,000   1,011,060
          1,598,070
Security Description     Principal
Amount 		  Value
SPAIN — 0.0% (d)        
Grifols SA

4.75%, 10/15/2028 (a)
    $420,000   $347,563
UNITED KINGDOM — 0.1%        
Ardonagh Finco Ltd.

7.75%, 2/15/2031 (a)
    555,000   552,081
BAT Capital Corp.

4.54%, 8/15/2047
    1,209,000   931,716
Macquarie Airfinance Holdings Ltd.:          
6.40%, 3/26/2029 (a)
    170,000   172,606
6.50%, 3/26/2031 (a)
    205,000   208,686
Merlin Entertainments Group U.S. Holdings, Inc.

7.38%, 2/15/2031 (a)
    900,000   907,416
          2,772,505
UNITED STATES — 8.9%        
AAR Escrow Issuer LLC

6.75%, 3/15/2029 (a)
    335,000   337,610
AbbVie, Inc.:          
3.85%, 6/15/2024
    1,844,000   1,837,103
5.50%, 3/15/2064
    976,000   1,003,474
Academy Ltd.

6.00%, 11/15/2027 (a)
    500,000   492,605
Acuris Finance U.S., Inc./Acuris Finance SARL

5.00%, 5/1/2028 (a)
    475,000   432,326
Acushnet Co.

7.38%, 10/15/2028 (a)
    285,000   295,106
AdaptHealth LLC

5.13%, 3/1/2030 (a)
    280,000   244,210
Advanced Drainage Systems, Inc.

6.38%, 6/15/2030 (a)
    735,000   738,432
AEP Texas, Inc. Series H,

3.45%, 1/15/2050
    2,179,956   1,374,092
Aethon United BR LP/Aethon United Finance Corp.

8.25%, 2/15/2026 (a)
    305,000   308,684
AGCO Corp.

5.80%, 3/21/2034
    325,000   329,076
Air Lease Corp.

3.25%, 3/1/2025
    1,496,000   1,462,505
Alexandria Real Estate Equities, Inc.

5.25%, 5/15/2036
    1,423,000   1,395,536
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer

6.75%, 10/15/2027 (a)
    420,000   413,204
Allied Universal Holdco LLC

7.88%, 2/15/2031 (a)
    520,000   526,916
Allied Universal Holdco LLC/Allied Universal Finance Corp.:          
6.63%, 7/15/2026 (a)
    202,000   201,877
 
See accompanying notes to Schedule of Investments.
52
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
9.75%, 7/15/2027 (a)
    $355,000   $355,927
AMC Entertainment Holdings, Inc.

7.50%, 2/15/2029 (a)
    110,000   74,261
American Airlines, Inc.:          
7.25%, 2/15/2028 (a)
    565,000   573,458
8.50%, 5/15/2029 (a)
    585,000   617,795
American Axle & Manufacturing, Inc.

5.00%, 10/1/2029
    155,000   139,202
American Express Co.

3.95%, 8/1/2025
    1,773,000   1,742,859
American Homes 4 Rent LP

5.50%, 2/1/2034
    1,492,000   1,485,689
American Tower Corp.

3.60%, 1/15/2028
    1,160,000   1,096,154
Amgen, Inc.

5.75%, 3/2/2063
    719,000   733,481
AmWINS Group, Inc.

4.88%, 6/30/2029 (a)
    440,000   410,445
Antero Midstream Partners LP/Antero Midstream Finance Corp.

5.75%, 3/1/2027 (a)
    580,000   572,228
Antero Resources Corp.

5.38%, 3/1/2030 (a)
    330,000   317,015
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.

5.25%, 8/15/2027 (a)
    310,000   195,787
ARES Capital Corp.

3.25%, 7/15/2025
    973,000   940,375
Arrow Electronics, Inc.

3.88%, 1/12/2028
    1,551,000   1,471,434
Arsenal AIC Parent LLC

8.00%, 10/1/2030 (a)
    170,000   178,452
Artera Services LLC

8.50%, 2/15/2031 (a)
    250,000   256,245
Ashton Woods USA LLC/Ashton Woods Finance Co.

4.63%, 4/1/2030 (a)
    335,000   305,624
ASP Unifrax Holdings, Inc.

5.25%, 9/30/2028 (a)
    155,000   100,035
AssuredPartners, Inc.

5.63%, 1/15/2029 (a)
    410,000   377,647
AT&T, Inc.

2.25%, 2/1/2032
    2,291,000   1,862,446
AthenaHealth Group, Inc.

6.50%, 2/15/2030 (a)
    445,000   407,460
Athene Holding Ltd.

6.25%, 4/1/2054
    995,000   1,009,766
Bank of America Corp.:          
5 yr. CMT + 1.20%, 2.48%, 9/21/2036 (b)
    3,456,000   2,761,206
SOFR + 1.11%, 3.84%, 4/25/2025 (b)
    357,000   356,529
Security Description     Principal
Amount 		  Value
SOFR + 1.65%, 5.47%, 1/23/2035 (b)
    $741,000   $746,469
Series MTN, SOFR + 1.75%, 4.83%, 7/22/2026 (b)
    553,000   548,051
Bausch & Lomb Corp.

8.38%, 10/1/2028 (a)
    695,000   718,748
Bausch Health Americas, Inc.

8.50%, 1/31/2027 (a)
    210,000   124,389
Bausch Health Cos., Inc.:          
4.88%, 6/1/2028 (a)
    470,000   256,108
5.25%, 1/30/2030 (a)
    130,000   54,740
14.00%, 10/15/2030 (a)
    28,000   16,446
BCPE Empire Holdings, Inc.

7.63%, 5/1/2027 (a)
    545,000   532,083
Beacon Roofing Supply, Inc.

6.50%, 8/1/2030 (a)
    540,000   548,251
BlackRock Funding, Inc.

5.25%, 3/14/2054
    560,000   562,688
Blackstone Holdings Finance Co. LLC

2.00%, 1/30/2032 (a)
    2,812,000   2,204,467
Blue Racer Midstream LLC/Blue Racer Finance Corp.

7.63%, 12/15/2025 (a)
    235,000   236,908
Boost Newco Borrower LLC

7.50%, 1/15/2031 (a)
    200,000   209,428
Boxer Parent Co., Inc.

7.13%, 10/2/2025 (a)
    35,000   35,014
BP Capital Markets America, Inc.

4.89%, 9/11/2033
    1,876,000   1,863,862
Brand Industrial Services, Inc.

10.38%, 8/1/2030 (a)
    315,000   340,846
Brighthouse Financial Global Funding

1.00%, 4/12/2024 (a)
    648,000   647,093
Bristol-Myers Squibb Co.:          
5.50%, 2/22/2044
    352,000   360,156
5.55%, 2/22/2054
    1,420,000   1,461,663
Broadcom, Inc.

3.42%, 4/15/2033 (a)
    2,158,000   1,868,202
Brown & Brown, Inc.

2.38%, 3/15/2031
    1,567,000   1,300,140
Caesars Entertainment, Inc.

6.50%, 2/15/2032 (a)
    285,000   287,796
Callon Petroleum Co.

7.50%, 6/15/2030 (a)
    550,000   582,323
Calpine Corp.

4.50%, 2/15/2028 (a)
    610,000   579,866
Campbell Soup Co.

5.40%, 3/21/2034
    480,000   483,475
Carnival Corp.:          
5.75%, 3/1/2027 (a)
    345,000   341,505
7.00%, 8/15/2029 (a)
    360,000   375,869
Carrier Global Corp.

6.20%, 3/15/2054
    146,000   160,788
 
See accompanying notes to Schedule of Investments.
53
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Castle U.S. Holding Corp.

9.50%, 2/15/2028 (a)
    $85,000   $42,246
Catalent Pharma Solutions, Inc.

3.50%, 4/1/2030 (a)
    130,000   124,263
CCO Holdings LLC/CCO Holdings Capital Corp.:          
4.50%, 8/15/2030 (a)
    675,000   567,007
4.75%, 3/1/2030 (a)
    755,000   647,631
4.75%, 2/1/2032 (a)
    375,000   306,420
Cedar Fair LP

5.25%, 7/15/2029
    300,000   284,046
Centene Corp.

3.00%, 10/15/2030
    2,157,000   1,849,002
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.

8.00%, 6/15/2029 (a)
    445,000   460,944
Cheniere Energy, Inc.

4.63%, 10/15/2028
    1,909,000   1,851,157
Chesapeake Energy Corp.

5.88%, 2/1/2029 (a)
    645,000   639,292
Chord Energy Corp.

6.38%, 6/1/2026 (a)
    520,000   521,799
CHS/Community Health Systems, Inc.:          
4.75%, 2/15/2031 (a)
    310,000   239,212
6.00%, 1/15/2029 (a)
    220,000   192,207
Citigroup, Inc. 3 mo. USD Term SOFR + 1.65%,

3.67%, 7/24/2028 (b)
    3,864,000   3,674,162
Civitas Resources, Inc.

8.38%, 7/1/2028 (a)
    340,000   357,660
Clarios Global LP/Clarios U.S. Finance Co.

6.75%, 5/15/2028 (a)
    560,000   567,398
Clarivate Science Holdings Corp.

4.88%, 7/1/2029 (a)
    205,000   189,643
Clean Harbors, Inc.

5.13%, 7/15/2029 (a)
    145,000   139,626
Clear Channel Outdoor Holdings, Inc.:          
7.50%, 6/1/2029 (a)
    180,000   148,892
9.00%, 9/15/2028 (a)
    185,000   192,703
Clearway Energy Operating LLC

4.75%, 3/15/2028 (a)
    580,000   551,824
Cloud Software Group, Inc.:          
6.50%, 3/31/2029 (a)
    120,000   113,951
9.00%, 9/30/2029 (a)
    120,000   115,140
Clydesdale Acquisition Holdings, Inc.

6.63%, 4/15/2029 (a)
    205,000   204,727
CNH Industrial Capital LLC

5.10%, 4/20/2029
    460,000   458,809
Security Description     Principal
Amount 		  Value
CNX Midstream Partners LP

4.75%, 4/15/2030 (a)
    $550,000   $489,725
CNX Resources Corp.

6.00%, 1/15/2029 (a)
    605,000   592,924
Coherent Corp.

5.00%, 12/15/2029 (a)
    255,000   240,182
Comcast Corp.

2.94%, 11/1/2056
    2,922,000   1,840,129
CommScope Technologies LLC

5.00%, 3/15/2027 (a)
    220,000   83,961
CommScope, Inc.

4.75%, 9/1/2029 (a)
    155,000   111,969
Consolidated Communications, Inc.

5.00%, 10/1/2028 (a)
    290,000   241,735
Cornerstone Building Brands, Inc.

6.13%, 1/15/2029 (a)
    335,000   298,910
Coty, Inc.

5.00%, 4/15/2026 (a)
    540,000   531,787
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC

6.63%, 7/15/2030 (a)
    400,000   405,852
CQP Holdco LP/BIP-V Chinook Holdco LLC

5.50%, 6/15/2031 (a)
    1,015,000   958,820
Crown Castle, Inc.

4.30%, 2/15/2029
    1,933,000   1,853,728
CSC Holdings LLC:          
5.75%, 1/15/2030 (a)
    495,000   261,885
6.50%, 2/1/2029 (a)
    445,000   378,250
CSI Compressco LP/CSI Compressco Finance, Inc.

7.50%, 4/1/2025 (a)
    385,000   385,000
CSX Corp.

3.35%, 9/15/2049
    2,572,000   1,855,055
Cummins, Inc.

5.45%, 2/20/2054
    470,000   480,631
CVR Partners LP/CVR Nitrogen Finance Corp.

6.13%, 6/15/2028 (a)
    280,000   269,220
CVS Health Corp.:          
5.30%, 6/1/2033
    912,000   913,277
5.88%, 6/1/2053
    1,374,000   1,395,654
Dana, Inc.:          
4.25%, 9/1/2030
    95,000   83,939
5.38%, 11/15/2027
    125,000   122,394
5.63%, 6/15/2028
    650,000   634,244
Dealer Tire LLC/DT Issuer LLC

8.00%, 2/1/2028 (a)
    270,000   269,295
Directv Financing LLC/Directv Financing Co.-Obligor, Inc.

5.88%, 8/15/2027 (a)
    600,000   567,678
DISH DBS Corp.:          
5.13%, 6/1/2029
    290,000   121,519
5.75%, 12/1/2028 (a)
    500,000   343,800
 
See accompanying notes to Schedule of Investments.
54
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Dollar General Corp.

4.25%, 9/20/2024
    $940,000   $933,260
Dollar Tree, Inc.

4.00%, 5/15/2025
    1,679,000   1,651,179
Dornoch Debt Merger Sub, Inc.

6.63%, 10/15/2029 (a)
    400,000   358,912
DTE Energy Co.

5.10%, 3/1/2029
    1,475,000   1,469,749
Duke Energy Corp.:          
2.65%, 9/1/2026
    2,940,000   2,775,360
5.00%, 8/15/2052
    292,000   264,832
Dun & Bradstreet Corp.

5.00%, 12/15/2029 (a)
    730,000   674,396
Elevance Health, Inc.

5.13%, 2/15/2053
    1,948,000   1,865,424
Embarq Corp.

8.00%, 6/1/2036
    225,000   122,326
EMRLD Borrower LP/Emerald Co.-Issuer, Inc.

6.63%, 12/15/2030 (a)
    565,000   570,452
Encompass Health Corp.:          
4.63%, 4/1/2031
    310,000   281,725
4.75%, 2/1/2030
    60,000   56,246
Energizer Holdings, Inc.

6.50%, 12/31/2027 (a)
    235,000   233,729
Energy Transfer LP:          
4.75%, 1/15/2026
    944,000   934,409
5.00%, 5/15/2044
    1,039,000   916,907
Entergy Louisiana LLC

4.75%, 9/15/2052
    627,000   558,751
EQM Midstream Partners LP

4.75%, 1/15/2031 (a)
    395,000   367,852
Equinix, Inc.:          
2.95%, 9/15/2051
    1,695,000   1,088,766
3.90%, 4/15/2032
    1,030,000   931,161
Essential Utilities, Inc.

3.35%, 4/15/2050
    2,628,000   1,838,207
Everi Holdings, Inc.

5.00%, 7/15/2029 (a)
    340,000   336,488
Eversource Energy

5.50%, 1/1/2034
    944,000   944,651
Expedia Group, Inc.:          
3.80%, 2/15/2028
    2,435,000   2,317,463
5.00%, 2/15/2026
    1,379,000   1,371,126
Extra Space Storage LP

5.40%, 2/1/2034
    951,000   945,532
Ferrellgas LP/Ferrellgas Finance Corp.

5.38%, 4/1/2026 (a)
    430,000   420,678
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.

6.75%, 1/15/2030 (a)
    405,000   363,524
Fiserv, Inc.

5.45%, 3/15/2034
    913,000   924,951
Security Description     Principal
Amount 		  Value
Ford Motor Co.

3.25%, 2/12/2032
    $1,143,000   $951,376
Fortrea Holdings, Inc.

7.50%, 7/1/2030 (a)
    580,000   599,070
Fortress Transportation & Infrastructure Investors LLC

7.88%, 12/1/2030 (a)
    700,000   735,819
Freeport-McMoRan, Inc.:          
4.38%, 8/1/2028
    400,000   385,272
4.63%, 8/1/2030
    300,000   288,474
5.25%, 9/1/2029
    300,000   301,272
Frontier Communications Holdings LLC:          
5.00%, 5/1/2028 (a)
    250,000   232,080
5.88%, 10/15/2027 (a)
    125,000   120,990
5.88%, 11/1/2029
    225,000   189,959
Full House Resorts, Inc.

8.25%, 2/15/2028 (a)
    265,000   253,160
Gap, Inc.

3.88%, 10/1/2031 (a)
    560,000   473,648
General Motors Financial Co., Inc.:          
2.40%, 10/15/2028
    1,066,000   944,156
3.10%, 1/12/2032
    430,000   363,939
Georgia-Pacific LLC

3.60%, 3/1/2025 (a)
    1,863,000   1,833,285
GFL Environmental, Inc.

6.75%, 1/15/2031 (a)
    285,000   292,082
Goldman Sachs Group, Inc. 3 mo. USD Term SOFR + 1.43%,

6.74%, 5/15/2026 (b)
    3,661,000   3,692,961
Goodyear Tire & Rubber Co.

5.25%, 7/15/2031
    250,000   227,900
GrafTech Finance, Inc.

4.63%, 12/15/2028 (a)
    210,000   135,083
Griffon Corp.

5.75%, 3/1/2028
    430,000   421,297
Group 1 Automotive, Inc.

4.00%, 8/15/2028 (a)
    665,000   612,884
Guardian Life Global Funding

1.25%, 5/13/2026 (a)
    2,000,000   1,839,780
Gulfport Energy Corp.

8.00%, 5/17/2026 (a)
    175,000   177,651
Halliburton Co.

4.85%, 11/15/2035
    748,000   727,767
HCA, Inc.:          
5.13%, 6/15/2039
    974,000   919,203
5.25%, 6/15/2049
    1,006,000   919,031
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL

4.63%, 5/1/2028 (a)
    375,000   336,285
Hess Midstream Operations LP:          
5.13%, 6/15/2028 (a)
    365,000   353,054
5.50%, 10/15/2030 (a)
    310,000   300,474
 
See accompanying notes to Schedule of Investments.
55
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Hewlett Packard Enterprise Co.

5.90%, 10/1/2024
    $740,000   $740,740
H-Food Holdings LLC/Hearthside Finance Co., Inc.

8.50%, 6/1/2026 (a)
    290,000   20,300
Hightower Holding LLC

6.75%, 4/15/2029 (a)
    315,000   295,823
Hilcorp Energy I LP/Hilcorp Finance Co.:          
6.25%, 11/1/2028 (a)
    540,000   539,557
8.38%, 11/1/2033 (a)
    115,000   124,470
Host Hotels & Resorts LP Series I,

3.50%, 9/15/2030
    2,084,000   1,854,510
HUB International Ltd.

7.25%, 6/15/2030 (a)
    450,000   462,830
Hyundai Capital America

5.30%, 1/8/2029 (a)
    1,840,000   1,840,883
Icahn Enterprises LP/Icahn Enterprises Finance Corp.

5.25%, 5/15/2027
    385,000   356,706
Illuminate Buyer LLC/Illuminate Holdings IV, Inc.

9.00%, 7/1/2028 (a)
    410,000   406,892
Installed Building Products, Inc.

5.75%, 2/1/2028 (a)
    435,000   424,382
IQVIA, Inc.

6.25%, 2/1/2029
    622,000   645,953
Iron Mountain, Inc.:          
7.00%, 2/15/2029 (a)
    470,000   479,189
REIT, 4.50%, 2/15/2031 (a)
    580,000   524,007
Jacobs Engineering Group, Inc.

5.90%, 3/1/2033
    1,925,000   1,949,024
JELD-WEN, Inc.

4.88%, 12/15/2027 (a)
    590,000   564,636
JPMorgan Chase & Co.:          
3 mo. USD Term SOFR + 1.25%, 2.58%, 4/22/2032 (b)
    2,196,000   1,853,907
SOFR + 1.26%, 2.96%, 1/25/2033 (b)
    2,176,000   1,858,500
SOFR + 1.99%, 4.85%, 7/25/2028 (b)
    943,000   935,286
Kinder Morgan, Inc.

5.20%, 6/1/2033
    1,887,000   1,858,053
Kodiak Gas Services LLC

7.25%, 2/15/2029 (a)
    560,000   570,864
Kyndryl Holdings, Inc.

6.35%, 2/20/2034
    898,000   921,249
LBM Acquisition LLC

6.25%, 1/15/2029 (a)
    165,000   154,732
Leeward Renewable Energy Operations LLC

4.25%, 7/1/2029 (a)
    425,000   365,789
Legacy LifePoint Health LLC

4.38%, 2/15/2027 (a)
    550,000   523,798
Security Description     Principal
Amount 		  Value
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc.

5.00%, 2/1/2026 (a)
    $340,000   $337,338
Level 3 Financing, Inc.:          
4.50%, 4/1/2030 (a)
    165,000   103,679
10.50%, 5/15/2030 (a)
    420,000   433,562
LFS Topco LLC

5.88%, 10/15/2026 (a)
    345,000   320,298
LifePoint Health, Inc.

5.38%, 1/15/2029 (a)
    145,000   119,162
Light & Wonder International, Inc.

7.25%, 11/15/2029 (a)
    505,000   518,615
Lions Gate Capital Holdings LLC

5.50%, 4/15/2029 (a)
    140,000   107,044
Live Nation Entertainment, Inc.

6.50%, 5/15/2027 (a)
    290,000   293,205
Lockheed Martin Corp.

5.20%, 2/15/2064
    1,021,000   1,010,555
Lowe's Cos., Inc.

4.40%, 9/8/2025
    2,139,000   2,113,161
LSF9 Atlantis Holdings LLC/Victra Finance Corp.

7.75%, 2/15/2026 (a)
    350,000   347,410
LYB International Finance III LLC

5.50%, 3/1/2034
    909,000   910,345
M/I Homes, Inc.

4.95%, 2/1/2028
    365,000   347,823
Macy's Retail Holdings LLC

5.88%, 4/1/2029 (a)
    310,000   304,488
Madison IAQ LLC:          
4.13%, 6/30/2028 (a)
    570,000   527,301
5.88%, 6/30/2029 (a)
    220,000   201,687
Marriott International, Inc. Series HH,

2.85%, 4/15/2031
    2,154,000   1,856,726
Marvell Technology, Inc.

1.65%, 4/15/2026
    1,479,000   1,376,417
Massachusetts Mutual Life Insurance Co.

3.38%, 4/15/2050 (a)
    2,101,000   1,465,889
Matador Resources Co.

6.50%, 4/15/2032 (a)
    400,000   400,700
Match Group Holdings II LLC

5.00%, 12/15/2027 (a)
    775,000   744,108
Mativ Holdings, Inc.

6.88%, 10/1/2026 (a)
    515,000   510,205
Mavis Tire Express Services Topco Corp.

6.50%, 5/15/2029 (a)
    495,000   471,329
McAfee Corp.

7.38%, 2/15/2030 (a)
    165,000   152,234
McDonald's Corp.

5.45%, 8/14/2053
    936,000   947,503
 
See accompanying notes to Schedule of Investments.
56
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
McGraw-Hill Education, Inc.

5.75%, 8/1/2028 (a)
    $565,000   $531,349
Medline Borrower LP

5.25%, 10/1/2029 (a)
    795,000   751,442
Merck & Co., Inc.

4.50%, 5/17/2033
    645,000   630,868
Meta Platforms, Inc.

5.60%, 5/15/2053
    1,737,000   1,836,391
MetLife, Inc.

5.25%, 1/15/2054
    1,897,000   1,866,648
Michaels Cos., Inc.:          
5.25%, 5/1/2028 (a)
    360,000   305,784
7.88%, 5/1/2029 (a)
    200,000   149,988
Microsoft Corp.

2.92%, 3/17/2052
    1,296,000   916,402
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.

4.88%, 5/1/2029 (a)
    445,000   411,932
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC

6.75%, 4/1/2032 (a)
    100,000   100,421
ModivCare Escrow Issuer, Inc.

5.00%, 10/1/2029 (a)
    350,000   253,712
Morgan Stanley SOFR + 1.36%,

2.48%, 9/16/2036 (b)
    4,648,000   3,674,012
Motorola Solutions, Inc.

5.40%, 4/15/2034
    920,000   918,243
MPLX LP

1.75%, 3/1/2026
    797,000   745,370
Murphy Oil USA, Inc.

4.75%, 9/15/2029
    285,000   270,411
Nabors Industries Ltd.

7.25%, 1/15/2026 (a)
    180,000   178,699
Nabors Industries, Inc.

9.13%, 1/31/2030 (a)
    375,000   389,989
Nationstar Mortgage Holdings, Inc.

5.75%, 11/15/2031 (a)
    480,000   443,006
Navient Corp.

5.00%, 3/15/2027
    285,000   272,939
NCL Corp. Ltd.:          
5.88%, 3/15/2026 (a)
    395,000   390,043
8.38%, 2/1/2028 (a)
    275,000   290,155
NetApp, Inc.

1.88%, 6/22/2025
    1,445,000   1,382,244
Netflix, Inc.

5.38%, 11/15/2029 (a)
    916,000   935,172
News Corp.

5.13%, 2/15/2032 (a)
    155,000   146,050
NextEra Energy Capital Holdings, Inc.:          
4.26%, 9/1/2024
    843,000   837,672
5.55%, 3/15/2054
    560,000   556,198
Security Description     Principal
Amount 		  Value
NGL Energy Operating LLC/NGL Energy Finance Corp.

8.13%, 2/15/2029 (a)
    $450,000   $460,922
NGL Energy Partners LP/NGL Energy Finance Corp.

7.50%, 4/15/2026
    110,000   109,966
NiSource, Inc.

5.35%, 4/1/2034
    920,000   914,094
Northrop Grumman Corp.

5.20%, 6/1/2054
    1,885,000   1,835,330
NRG Energy, Inc.

3.63%, 2/15/2031 (a)
    380,000   328,069
NuStar Logistics LP

6.00%, 6/1/2026
    550,000   548,311
Occidental Petroleum Corp.

6.63%, 9/1/2030
    886,000   938,549
Olympus Water U.S. Holding Corp.

6.25%, 10/1/2029 (a)
    200,000   182,628
OneMain Finance Corp.:          
5.38%, 11/15/2029
    250,000   234,980
7.13%, 3/15/2026
    324,000   329,790
ONEOK, Inc.

6.63%, 9/1/2053
    860,000   948,167
Oracle Corp.:          
3.80%, 11/15/2037
    204,000   171,078
6.25%, 11/9/2032
    165,000   176,626
O'Reilly Automotive, Inc.

5.75%, 11/20/2026
    445,000   452,334
Organon & Co./Organon Foreign Debt Co.-Issuer BV

5.13%, 4/30/2031 (a)
    385,000   340,960
Outfront Media Capital LLC/Outfront Media Capital Corp.

7.38%, 2/15/2031 (a)
    415,000   435,385
Owens & Minor, Inc.

6.63%, 4/1/2030 (a)
    530,000   525,908
Pacific Gas & Electric Co.:          
2.50%, 2/1/2031
    1,143,000   951,376
6.75%, 1/15/2053
    861,000   939,403
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC

4.00%, 10/15/2027 (a)
    550,000   513,793
Panther Escrow Issuer LLC

7.13%, 6/1/2031 (a)
    405,000   412,225
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer

4.88%, 5/15/2029 (a)
    850,000   791,350
PBF Holding Co. LLC/PBF Finance Corp.

6.00%, 2/15/2028
    240,000   235,934
 
See accompanying notes to Schedule of Investments.
57
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
PECF USS Intermediate Holding III Corp.

8.00%, 11/15/2029 (a)
    $90,000   $47,892
Penn Entertainment, Inc.

4.13%, 7/1/2029 (a)
    210,000   181,621
PennyMac Financial Services, Inc.:          
4.25%, 2/15/2029 (a)
    310,000   282,590
7.88%, 12/15/2029 (a)
    340,000   349,435
Penske Truck Leasing Co. LP/PTL Finance Corp.

4.20%, 4/1/2027 (a)
    970,000   940,696
Performance Food Group, Inc.

4.25%, 8/1/2029 (a)
    380,000   348,509
Permian Resources Operating LLC

7.00%, 1/15/2032 (a)
    560,000   580,535
PetSmart, Inc./PetSmart Finance Corp.

7.75%, 2/15/2029 (a)
    1,000,000   973,800
Pfizer Investment Enterprises Pte. Ltd.

5.30%, 5/19/2053
    921,000   916,100
Philip Morris International, Inc.

5.25%, 2/13/2034
    953,000   944,128
Phillips 66 Co.

5.65%, 6/15/2054
    2,088,000   2,118,380
Pike Corp.:          
5.50%, 9/1/2028 (a)
    560,000   535,528
8.63%, 1/31/2031 (a)
    285,000   303,063
Post Holdings, Inc.

5.50%, 12/15/2029 (a)
    140,000   135,247
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.

5.63%, 9/1/2029 (a)
    160,000   122,458
Prime Security Services Borrower LLC/Prime Finance, Inc.

6.25%, 1/15/2028 (a)
    220,000   215,547
Qorvo, Inc.:          
1.75%, 12/15/2024
    646,000   626,581
3.38%, 4/1/2031 (a)
    525,000   449,510
Quanta Services, Inc.

2.35%, 1/15/2032
    2,300,000   1,869,279
Radiate Holdco LLC/Radiate Finance, Inc.

4.50%, 9/15/2026 (a)
    90,000   71,584
Radiology Partners, Inc.:          
8.50%, 1/31/2029 (a)
    143,426   132,861
9.78%, 2/15/2030 (a)
    99,906   80,784
Realogy Group LLC/Realogy Co.-Issuer Corp.

5.25%, 4/15/2030 (a)
    290,000   197,154
Realty Income Corp.

5.05%, 1/13/2026
    938,000   935,120
Security Description     Principal
Amount 		  Value
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.

9.75%, 12/1/2026 (a)
    $195,000   $195,363
Roller Bearing Co. of America, Inc.

4.38%, 10/15/2029 (a)
    555,000   508,497
Royal Caribbean Cruises Ltd.:          
5.50%, 8/31/2026 (a)
    420,000   415,943
6.25%, 3/15/2032 (a)
    335,000   337,596
7.25%, 1/15/2030 (a)
    70,000   72,662
Sabine Pass Liquefaction LLC

5.00%, 3/15/2027
    1,192,000   1,188,484
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc.

6.63%, 3/1/2030 (a)
    555,000   536,702
Sealed Air Corp./Sealed Air Corp. U.S.

7.25%, 2/15/2031 (a)
    360,000   374,602
Select Medical Corp.

6.25%, 8/15/2026 (a)
    490,000   491,445
Sirius XM Radio, Inc.

5.50%, 7/1/2029 (a)
    1,025,000   975,923
Sitio Royalties Operating Partnership LP/Sitio Finance Corp.

7.88%, 11/1/2028 (a)
    280,000   289,352
SK Invictus Intermediate II SARL

5.00%, 10/30/2029 (a)
    135,000   120,428
Smithfield Foods, Inc.

4.25%, 2/1/2027 (a)
    1,920,000   1,845,139
Sonic Automotive, Inc.

4.63%, 11/15/2029 (a)
    515,000   462,429
Southern Co. Series 21-A, VRN, 5 yr. CMT + 2.92%,

3.75%, 9/15/2051 (b)
    1,950,000   1,823,991
Southwestern Energy Co.

4.75%, 2/1/2032
    310,000   285,398
Spectrum Brands, Inc.

5.00%, 10/1/2029 (a)
    670,000   656,667
Spirit AeroSystems, Inc.

9.75%, 11/15/2030 (a)
    355,000   397,160
SRS Distribution, Inc.

6.13%, 7/1/2029 (a)
    180,000   183,605
Standard Industries, Inc.

4.38%, 7/15/2030 (a)
    680,000   610,674
Staples, Inc.:          
7.50%, 4/15/2026 (a)
    195,000   190,301
10.75%, 4/15/2027 (a)
    145,000   137,930
Starwood Property Trust, Inc.

7.25%, 4/1/2029 (a)
    330,000   332,591
Station Casinos LLC:          
4.63%, 12/1/2031 (a)
    295,000   265,532
6.63%, 3/15/2032 (a)
    515,000   520,253
 
See accompanying notes to Schedule of Investments.
58
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Suburban Propane Partners LP/Suburban Energy Finance Corp.

5.00%, 6/1/2031 (a)
    $630,000   $573,987
Sun Communities Operating LP

2.70%, 7/15/2031
    1,115,000   919,195
SunCoke Energy, Inc.

4.88%, 6/30/2029 (a)
    510,000   462,137
Sunoco LP/Sunoco Finance Corp.:          
4.50%, 5/15/2029
    150,000   139,668
6.00%, 4/15/2027
    170,000   169,255
SWF Escrow Issuer Corp.

6.50%, 10/1/2029 (a)
    165,000   121,912
Sysco Corp.

3.25%, 7/15/2027
    992,000   937,827
Take-Two Interactive Software, Inc.

4.95%, 3/28/2028
    1,849,000   1,842,362
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.

7.38%, 2/15/2029 (a)
    280,000   281,599
Tenet Healthcare Corp.:          
6.13%, 10/1/2028
    230,000   229,158
6.13%, 6/15/2030
    565,000   564,373
6.25%, 2/1/2027
    245,000   244,865
T-Mobile USA, Inc.

5.50%, 1/15/2055
    2,771,000   2,767,536
TMS International Corp.

6.25%, 4/15/2029 (a)
    180,000   164,794
Townsquare Media, Inc.

6.88%, 2/1/2026 (a)
    445,000   434,142
TransDigm, Inc.:          
5.50%, 11/15/2027
    520,000   509,049
6.88%, 12/15/2030 (a)
    565,000   576,334
Transocean Poseidon Ltd.

6.88%, 2/1/2027 (a)
    317,250   317,812
Transocean, Inc.

8.00%, 2/1/2027 (a)
    245,000   243,275
Trident TPI Holdings, Inc.

12.75%, 12/31/2028 (a)
    475,000   507,001
Triton Water Holdings, Inc.

6.25%, 4/1/2029 (a)
    330,000   300,524
U.S. Foods, Inc.

7.25%, 1/15/2032 (a)
    540,000   560,822
UKG, Inc.

6.88%, 2/1/2031 (a)
    280,000   285,323
United Airlines, Inc.

4.63%, 4/15/2029 (a)
    745,000   693,066
United Natural Foods, Inc.

6.75%, 10/15/2028 (a)
    325,000   270,199
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC

10.50%, 2/15/2028 (a)
    280,000   290,458
Security Description     Principal
Amount 		  Value
Univision Communications, Inc.:          
4.50%, 5/1/2029 (a)
    $325,000   $290,232
7.38%, 6/30/2030 (a)
    125,000   123,689
Upbound Group, Inc.

6.38%, 2/15/2029 (a)
    160,000   155,346
Venture Global LNG, Inc.:          
8.13%, 6/1/2028 (a)
    375,000   382,590
8.38%, 6/1/2031 (a)
    245,000   252,914
9.88%, 2/1/2032 (a)
    290,000   312,637
Veralto Corp.

5.35%, 9/18/2028 (a)
    925,000   940,050
Verizon Communications, Inc.

5.50%, 2/23/2054
    1,825,000   1,843,560
Viatris, Inc.

1.65%, 6/22/2025
    579,000   550,698
Viking Cruises Ltd.:          
5.88%, 9/15/2027 (a)
    875,000   858,900
9.13%, 7/15/2031 (a)
    510,000   557,629
Vistra Operations Co. LLC

7.75%, 10/15/2031 (a)
    325,000   340,161
Vital Energy, Inc.

7.88%, 4/15/2032 (a)
    215,000   218,569
VT Topco, Inc.

8.50%, 8/15/2030 (a)
    535,000   564,543
Wand NewCo 3, Inc.

7.63%, 1/30/2032 (a)
    330,000   341,464
WASH Multifamily Acquisition, Inc.

5.75%, 4/15/2026 (a)
    230,000   224,687
Weatherford International Ltd.:          
6.50%, 9/15/2028 (a)
    225,000   232,002
8.63%, 4/30/2030 (a)
    510,000   532,425
Wells Fargo & Co.:          
Series MTN, 3 mo. USD Term SOFR + 1.57%, 3.58%, 5/22/2028 (b)
    1,936,000   1,839,955
Series MTN, SOFR + 1.98%, 4.81%, 7/25/2028 (b)
    752,000   741,013
Welltower OP LLC

2.05%, 1/15/2029
    2,121,000   1,849,491
Wheel Pros, Inc.

6.50%, 5/15/2029 (a)
    75,000   23,250
Whirlpool Corp.

5.75%, 3/1/2034
    547,000   549,024
Williams Cos., Inc.

5.15%, 3/15/2034
    955,000   946,691
Workday, Inc.

3.70%, 4/1/2029
    1,967,000   1,854,979
WR Grace Holdings LLC

5.63%, 8/15/2029 (a)
    600,000   537,078
WRKCo, Inc.

3.75%, 3/15/2025
    1,867,000   1,835,186
Wyndham Hotels & Resorts, Inc.

4.38%, 8/15/2028 (a)
    585,000   543,477
 
See accompanying notes to Schedule of Investments.
59
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
XHR LP:          
4.88%, 6/1/2029 (a)
    $1,125,000   $1,041,784
6.38%, 8/15/2025 (a)
    265,000   265,148
XPO, Inc.

7.13%, 6/1/2031 (a)
    680,000   698,095
          252,085,173
VIETNAM — 0.0% (d)        
Mong Duong Finance Holdings BV

5.13%, 5/7/2029
    230,573   220,434
TOTAL CORPORATE BONDS & NOTES

(Cost $359,975,109)
        346,407,200
ASSET-BACKED SECURITIES — 13.1%          
ACE Securities Corp. Home Equity Loan Trust:          
Series 2006-FM1, Class A2C, ABS, 1 mo. USD Term SOFR + 0.41%, 5.74%, 7/25/2036 (b)
    8,367,491   2,030,153
Series 2007-WM2, Class A2C, ABS, 1 mo. USD Term SOFR + 0.39%, 5.72%, 2/25/2037 (b)
    2,720,955   1,110,555
ACRE Commercial Mortgage Ltd. Series 2021-FL4, Class B, 1 mo. USD Term SOFR + 1.51%,

6.84%, 12/18/2037 (a) (b)
    3,000,000   2,917,422
Affirm Asset Securitization Trust:          
Series 2022-A, Class A, 4.30%, 5/17/2027 (a)
    3,000,000   2,980,768
Series 2023-A, Class A, 6.61%, 1/18/2028 (a)
    1,750,000   1,760,214
Series 2023-B, Class A, 6.82%, 9/15/2028 (a)
    5,250,000   5,327,286
Aligned Data Centers Issuer LLC Series 2023-1A, Class A2,

6.00%, 8/17/2048 (a)
    5,000,000   5,003,142
Allegro CLO II-S Ltd. Series 2014-1RA, Class A1, 3 mo. USD Term SOFR + 1.34%,

6.66%, 10/21/2028 (a) (b)
    138,110   138,179
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates Series 2004-FR1, Class M5,

3.84%, 5/25/2034 (f)
    4,804,032   3,432,127
Security Description     Principal
Amount 		  Value
AMSR Trust:          
Series 2021-SFR2, Class E1, ABS, 2.48%, 8/17/2038 (a)
    $3,000,000   $2,709,060
Series 2021-SFR2, Class F1, ABS, 3.28%, 8/17/2038 (a)
    3,000,000   2,721,748
Series 2021-SFR2, Class F2, ABS, 3.67%, 8/17/2038 (a)
    2,000,000   1,810,073
Series 2023-SFR1, Class B, 4.00%, 4/17/2040 (a)
    12,000,000   11,307,275
Series 2023-SFR2, Class A, 3.95%, 6/17/2040 (a)
    6,800,000   6,454,572
Anchorage Capital CLO 19 Ltd. Series 2021-19A, Class A, ABS, 3 mo. USD Term SOFR + 1.47%,

6.79%, 10/15/2034 (a) (b)
    2,000,000   1,997,200
AREIT Trust Series 2021-CRE5, Class B, 1 mo. USD Term SOFR + 1.93%,

7.26%, 11/17/2038 (a) (b)
    300,000   289,389
Argent Securities Trust Series 2006-M1, Class A2B, ABS, 1 mo. USD Term SOFR + 0.29%,

5.62%, 7/25/2036 (b)
    17,373,180   4,491,880
Bain Capital Credit CLO Ltd.:          
Series 2019-3A, Class DR, ABS, 3 mo. USD Term SOFR + 3.36%, 8.68%, 10/21/2034 (a) (b)
    1,000,000   963,272
Series 2021-6A, Class A1, 3 mo. USD Term SOFR + 1.41%, 6.73%, 10/21/2034 (a) (b)
    3,000,000   2,995,800
Series 2023-3A, Class C, 3 mo. USD Term SOFR + 3.25%, 8.57%, 7/24/2036 (a) (b)
    2,000,000   2,003,694
Blackbird Capital II Aircraft Lease Ltd. Series 2021-1A, Class B, ABS,

3.45%, 7/15/2046 (a)
    3,765,351   3,276,044
BNC Mortgage Loan Trust Series 2006-1, Class A1, ABS, 1 mo. USD Term SOFR + 0.47%,

4.48%, 10/25/2036 (b)
    16,039,514   10,777,405
BSPRT Issuer Ltd. Series 2021-FL6, Class A, ABS, 1 mo. USD Term SOFR + 1.21%,

6.54%, 3/15/2036 (a) (b)
    506,679   502,831
 
See accompanying notes to Schedule of Investments.
60
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Canyon Capital CLO Ltd.:          
Series 2017-1A, Class DR, ABS, 3 mo. USD Term SOFR + 3.26%, 8.58%, 7/15/2030 (a) (b)
    $1,000,000   $983,904
Series 2021-1A, Class D, ABS, 3 mo. USD Term SOFR + 3.36%, 8.68%, 4/15/2034 (a) (b)
    2,000,000   1,949,658
Carlyle U.S. CLO Ltd.:          
Series 2021-1A, Class D, ABS, 3 mo. USD Term SOFR + 6.26%, 11.58%, 4/15/2034 (a) (b)
    1,000,000   983,750
Series 2022-2A, Class A2, 3 mo. USD Term SOFR + 2.00%, 7.32%, 4/20/2035 (a) (b)
    2,000,000   2,008,262
Series 2023-3A, Class B, 3 mo. USD Term SOFR + 2.60%, 7.91%, 10/15/2036 (a) (b)
    3,000,000   3,026,808
Series 2023-3A, Class C, 3 mo. USD Term SOFR + 3.00%, 8.31%, 10/15/2036 (a) (b)
    2,000,000   2,000,722
Catamaran CLO Ltd. Series 2018-1A, Class C, 3 mo. USD Term SOFR + 2.76%,

8.09%, 10/25/2031 (a) (b)
    1,000,000   999,672
Cathedral Lake VIII Ltd. Series 2021-8A, Class C, 3 mo. USD Term SOFR + 2.88%,

8.20%, 1/20/2035 (a) (b)
    2,550,000   2,537,505
CIFC Funding Ltd.:          
Series 2013-1A, Class CR, ABS, 3 mo. USD Term SOFR + 3.81%, 9.13%, 7/16/2030 (a) (b)
    1,000,000   992,700
Series 2021-1A, Class E, ABS, 3 mo. USD Term SOFR + 6.26%, 11.59%, 4/25/2033 (a) (b)
    500,000   486,541
Series 2021-6A, Class B, 3 mo. USD Term SOFR + 1.91%, 7.23%, 10/15/2034 (a) (b)
    1,000,000   999,800
Series 2022-3A, Class B, 3 mo. USD Term SOFR + 2.00%, 7.32%, 4/21/2035 (a) (b)
    2,000,000   1,995,200
Compass Datacenters Issuer II LLC Series 2024-1A, Class A2,

5.75%, 2/25/2049 (a)
    4,000,000   3,950,328
CyrusOne Data Centers Issuer I LLC Series 2023-1A, Class A2,

4.30%, 4/20/2048 (a)
    1,000,000   939,363
Security Description     Principal
Amount 		  Value
DataBank Issuer LLC Series 2023-1A, Class A2,

5.12%, 2/25/2053 (a)
    $4,000,000   $3,804,677
Drive Auto Receivables Trust Series 2021-3, Class C,

1.47%, 1/15/2027
    3,012,001   2,964,446
Dryden 37 Senior Loan Fund Series 2015-37A, Class BR, 3 mo. USD Term SOFR + 1.66%,

6.98%, 1/15/2031 (a) (b)
    1,626,877   1,618,255
Dryden 68 CLO Ltd. Series 2019-68A, Class DR, ABS, 3 mo. USD Term SOFR + 3.61%,

8.93%, 7/15/2035 (a) (b)
    1,500,000   1,442,957
Exeter Automobile Receivables Trust:          
Series 2021-1A, Class D, ABS, 1.08%, 11/16/2026
    814,882   795,173
Series 2021-1A, Class E, ABS, 2.21%, 2/15/2028 (a)
    1,500,000   1,414,581
Fillmore Park CLO Ltd. Series 2018-1A, Class D, 3 mo. USD Term SOFR + 3.16%,

8.48%, 7/15/2030 (a) (b)
    1,000,000   991,200
First Franklin Mortgage Loan Trust Series 2007-FF2, Class A1, ABS, 1 mo. USD Term SOFR + 0.39%,

5.72%, 3/25/2037 (b)
    8,632,382   4,458,818
FirstKey Homes Trust:          
Series 2020-SFR2, Class D, ABS, 1.97%, 10/19/2037 (a)
    2,000,000   1,871,377
Series 2020-SFR2, Class E, 2.67%, 10/19/2037 (a)
    2,000,000   1,889,046
FMC GMSR Issuer Trust:          
Series 2020-GT1, Class A, CMO, VRN, 4.45%, 1/25/2026 (a) (b)
    3,000,000   2,783,664
Series 2021-GT2, Class A, 3.85%, 10/25/2026 (a) (b)
    2,650,000   2,342,655
FREED ABS Trust Series 2021-2, Class C, ABS,

1.94%, 6/19/2028 (a)
    993,062   987,194
FS Rialto Issuer LLC Series 2021-FL2, Class A, ABS, 1 mo. USD Term SOFR + 1.33%,

6.66%, 5/16/2038 (a) (b)
    1,776,102   1,756,793
GAIA Aviation Ltd. Series 2019-1, Class A,

3.97%, 12/15/2044 (a) (f)
    1,025,004   955,863
 
See accompanying notes to Schedule of Investments.
61
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Galaxy XXII CLO Ltd. Series 2016-22A, Class CRR, 3 mo. USD Term SOFR + 2.41%,

7.73%, 4/16/2034 (a) (b)
    $500,000   $497,150
Galaxy XXVIII CLO Ltd. Series 2018-28A, Class D, ABS, 3 mo. USD Term SOFR + 3.26%,

8.58%, 7/15/2031 (a) (b)
    2,100,000   2,079,281
GLS Auto Receivables Issuer Trust Series 2021-2A, Class C,

1.08%, 6/15/2026 (a)
    1,448,157   1,435,710
GoldenTree Loan Management U.S. CLO 15 Ltd. Series 2022-15A, Class DR, 3 mo. USD Term SOFR + 4.40%,

9.72%, 10/20/2036 (a) (b)
    1,000,000   998,485
GoodLeap Sustainable Home Solutions Trust Series 2021-5CS, Class C,

3.50%, 10/20/2048 (a)
    3,166,985   2,250,083
Greystone CRE Notes Ltd. Series 2021-FL3, Class B, ABS, 1 mo. USD Term SOFR + 1.76%,

7.09%, 7/15/2039 (a) (b)
    2,925,000   2,832,067
GSAA Home Equity Trust:          
Series 2007-10, Class A2A, 6.50%, 11/25/2037
    2,120,176   839,281
Series 2007-4, Class A3A, ABS, 1 mo. USD Term SOFR + 0.71%, 6.04%, 3/25/2037 (b)
    5,627,498   2,206,662
Hardee's Funding LLC Series 2018-1A, Class A23, ABS,

5.71%, 6/20/2048 (a)
    1,606,500   1,527,632
Invesco U.S. CLO Ltd.:          
Series 2023-3A, Class B, 3 mo. USD Term SOFR + 2.65%, 8.07%, 7/15/2036 (a) (b)
    1,000,000   1,008,127
Series 2023-3A, Class C, 3 mo. USD Term SOFR + 3.15%, 8.57%, 7/15/2036 (a) (b)
    1,000,000   999,777
JOL Air Ltd. Series 2019-1, Class A,

3.97%, 4/15/2044 (a)
    1,918,715   1,755,970
Katayma CLO I Ltd. Series 2023-1A, Class D, 3 mo. USD Term SOFR + 5.25%,

10.57%, 10/20/2036 (a) (b)
    5,000,000   5,072,025
LCCM Trust Series 2021-FL3, Class A, 1 mo. USD Term SOFR + 1.56%,

6.89%, 11/15/2038 (a) (b)
    2,832,888   2,791,323
Security Description     Principal
Amount 		  Value
LCM XVIII LP Series 18A, Class CR, 3 mo. USD Term SOFR + 2.11%,

7.43%, 4/20/2031 (a) (b)
    $1,435,000   $1,422,229
Lendbuzz Securitization Trust Series 2022-1A, Class A,

4.22%, 5/17/2027 (a)
    1,846,824   1,810,952
LendingPoint Asset Securitization Trust Series 2021-A, Class C, ABS,

2.75%, 12/15/2028 (a)
    1,425,104   1,405,472
Madison Park Funding XLVIII Ltd. Series 2021-48A, Class D, ABS, 3 mo. USD Term SOFR + 3.26%,

8.57%, 4/19/2033 (a) (b)
    1,000,000   993,412
Madison Park Funding XVII Ltd. Series 2015-17A, Class DR, 3 mo. USD Term SOFR + 3.86%,

9.18%, 7/21/2030 (a) (b)
    1,000,000   993,400
Magnetite XXIX Ltd. Series 2021-29A, Class E, ABS, 3 mo. USD Term SOFR + 6.01%,

11.33%, 1/15/2034 (a) (b)
    500,000   496,815
Magnetite XXXI Ltd. Series 2021-31A, Class E, 3 mo. USD Term SOFR + 6.26%,

11.58%, 7/15/2034 (a) (b)
    500,000   496,221
Marble Point CLO XI Ltd. Series 2017-2A, Class B, 3 mo. USD Term SOFR + 1.76%,

7.06%, 12/18/2030 (a) (b)
    3,500,000   3,489,500
Merrill Lynch Mortgage Investors Trust:          
Series 2006-HE4, Class A2B, 1 mo. USD Term SOFR + 0.31%, 5.64%, 7/25/2037 (b)
    3,756,153   732,331
Series 2006-HE4, Class A2C, 1 mo. USD Term SOFR + 0.41%, 5.74%, 7/25/2037 (b)
    5,198,727   1,016,015
Series 2006-WMC2, Class A1, 1 mo. USD Term SOFR + 0.59%, 4.61%, 3/25/2037 (b)
    32,223,814   8,377,444
MetroNet Infrastructure Issuer LLC Series 2023-1A, Class A2,

6.56%, 4/20/2053 (a)
    4,000,000   4,059,792
MF1 Ltd. Series 2021-FL7, Class A, ABS, 1 mo. USD Term SOFR + 1.19%,

6.52%, 10/16/2036 (a) (b)
    1,536,775   1,527,029
 
See accompanying notes to Schedule of Investments.
62
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
MKS CLO Ltd. Series 2017-1A, Class AR, 3 mo. USD Term SOFR + 1.26%,

6.58%, 7/20/2030 (a) (b)
    $275,427   $275,069
Mosaic Solar Loan Trust Series 2018-1A, Class C, ABS, PO,

0.00%, 6/22/2043 (a)
    114,259   105,953
MP CLO III Ltd. Series 2013-1A, Class CR, 3 mo. USD Term SOFR + 2.26%,

7.58%, 10/20/2030 (a) (b)
    1,000,000   997,700
MVW LLC:          
Series 2021-1WA, Class C, ABS, 1.94%, 1/22/2041 (a)
    506,561   460,246
Series 2021-1WA, Class D, ABS, 3.17%, 1/22/2041 (a)
    844,268   769,335
Neuberger Berman Loan Advisers CLO 40 Ltd. Series 2021-40A, Class D, ABS, 3 mo. USD Term SOFR + 3.01%,

8.33%, 4/16/2033 (a) (b)
    1,500,000   1,472,328
Neuberger Berman Loan Advisers CLO 47 Ltd. Series 2022-47A, Class D, ABS, 3 mo. USD Term SOFR + 3.10%,

8.42%, 4/14/2035 (a) (b)
    500,000   477,900
Ocean Trails CLO V Series 2014-5A, Class DRR, ABS, 3 mo. USD Term SOFR + 3.71%,

9.03%, 10/13/2031 (a) (b)
    1,000,000   944,489
Octagon Investment Partners 27 Ltd. Series 2016-1A, Class DR, ABS, 3 mo. USD Term SOFR + 3.21%,

8.53%, 7/15/2030 (a) (b)
    500,000   484,300
Octagon Investment Partners 30 Ltd. Series 2017-1A, Class CR, ABS, 3 mo. USD Term SOFR + 3.56%,

8.88%, 3/17/2030 (a) (b)
    1,000,000   980,642
Octagon Investment Partners 40 Ltd. Series 2019-1A, Class DR, ABS, 3 mo. USD Term SOFR + 3.61%,

8.93%, 1/20/2035 (a) (b)
    500,000   483,650
Octagon Investment Partners XXI Ltd. Series 2014-1A, Class A2R3, 3 mo. USD Term SOFR + 1.66%,

6.97%, 2/14/2031 (a) (b)
    500,000   496,335
Pagaya AI Debt Trust:          
Series 2022-1, Class A, 2.03%, 10/15/2029 (a)
    1,741,123   1,721,929
Security Description     Principal
Amount 		  Value
Series 2022-1, Class B, ABS, 3.34%, 10/15/2029 (a)
    $4,499,405   $4,380,263
Series 2022-2, Class A, 4.97%, 1/15/2030 (a)
    733,213   729,625
Series 2023-1, Class A, 7.56%, 7/15/2030 (a)
    889,530   893,624
Series 2023-3, Class A, 7.60%, 12/16/2030 (a)
    3,374,090   3,398,034
Park Avenue Institutional Advisers CLO Ltd. Series 2018-1A, Class BR, 3 mo. USD Term SOFR + 2.36%,

7.68%, 10/20/2031 (a) (b)
    4,000,000   3,987,200
PMT Issuer Trust - FMSR Series 2021-FT1, Class A, ABS, 1 mo. USD Term SOFR + 3.11%,

8.44%, 3/25/2026 (a) (b)
    1,300,000   1,313,114
PPM CLO Ltd. Series 2018-1A, Class D, 3 mo. USD Term SOFR + 3.51%,

8.83%, 7/15/2031 (a) (b)
    500,000   490,274
PRET LLC:          
Series 2021-NPL5, Class A1, 2.49%, 10/25/2051 (a) (f)
    3,520,474   3,445,291
Series 2022-RN1, Class A1, 3.72%, 7/25/2051 (a) (f)
    11,660,919   11,345,082
Progress Residential Trust:          
Series 2021-SFR6, Class A, 1.52%, 7/17/2038 (a)
    7,965,491   7,303,301
Series 2022-SFR5, Class A, 4.45%, 6/17/2039 (a)
    2,690,254   2,624,517
Series 2023-SFR2, Class A, 4.50%, 10/17/2028 (a)
    9,400,000   9,118,003
Prosper Marketplace Issuance Trust Series 2023-1A, Class A,

7.06%, 7/16/2029 (a)
    3,672,397   3,684,934
Race Point IX CLO Ltd. Series 2015-9A, Class BR, 3 mo. USD Term SOFR + 2.41%,

7.73%, 10/15/2030 (a) (b)
    2,250,000   2,227,725
Regatta XXIII Funding Ltd. Series 2021-4A, Class A1, 3 mo. USD Term SOFR + 1.41%,

6.73%, 1/20/2035 (a) (b)
    4,500,000   4,497,750
Renaissance Home Equity Loan Trust Series 2006-2, Class AF4, ABS,

6.12%, 8/25/2036 (f)
    8,664,451   3,421,469
Sapphire Aviation Finance II Ltd. Series 2020-1A, Class A,

3.23%, 3/15/2040 (a)
    977,134   889,222
 
See accompanying notes to Schedule of Investments.
63
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Securitized Asset-Backed Receivables LLC Trust:          
Series 2007-BR4, Class A2A, ABS, 1 mo. USD Term SOFR + 0.20%, 5.53%, 5/25/2037 (b)
    $3,406,631   $2,044,118
Series 2007-BR4, Class A2B, ABS, 1 mo. USD Term SOFR + 0.31%, 5.64%, 5/25/2037 (b)
    23,672,143   14,219,063
Series 2007-BR5, Class A2B, 1 mo. USD Term SOFR + 0.29%, 5.62%, 5/25/2037 (b)
    31,943,695   23,977,961
Shackleton CLO Ltd. Series 2013-3A, Class DR, 3 mo. USD Term SOFR + 3.28%,

8.60%, 7/15/2030 (a) (b)
    1,080,000   1,075,572
Shenton Aircraft Investment I Ltd. Series 2015-1A, Class A, ABS,

4.75%, 10/15/2042 (a)
    1,631,680   1,505,257
Sound Point CLO 36 Ltd.:          
Series 2023-36A, Class B, 3 mo. USD Term SOFR + 2.85%, 8.17%, 7/26/2036 (a) (b)
    1,000,000   1,010,600
Series 2023-36A, Class C, 3 mo. USD Term SOFR + 3.40%, 8.72%, 7/26/2036 (a) (b)
    500,000   503,800
Sound Point CLO II Ltd. Series 2013-1A, Class A1R, 3 mo. USD Term SOFR + 1.33%,

6.66%, 1/26/2031 (a) (b)
    386,951   387,411
Sound Point CLO XII Ltd. Series 2016-2A, Class DR, ABS, 3 mo. USD Term SOFR + 4.11%,

9.43%, 10/20/2028 (a) (b)
    1,000,000   998,329
Sound Point CLO XX Ltd. Series 2018-2A, Class C, 3 mo. USD Term SOFR + 2.21%,

7.54%, 7/26/2031 (a) (b)
    500,000   490,450
Sound Point CLO XXIII Ltd. Series 2019-2A, Class ER, 3 mo. USD Term SOFR + 6.73%,

12.05%, 7/15/2034 (a) (b)
    1,000,000   859,365
Sound Point CLO XXVI Ltd. Series 2020-1A, Class DR, 3 mo. USD Term SOFR + 3.61%,

8.93%, 7/20/2034 (a) (b)
    500,000   481,999
Security Description     Principal
Amount 		  Value
Sound Point CLO XXVIII Ltd. Series 2020-3A, Class D, ABS, 3 mo. USD Term SOFR + 3.91%,

9.24%, 1/25/2032 (a) (b)
    $4,000,000   $3,915,000
Sound Point CLO XXXIII Ltd. Series 2022-1A, Class D, ABS, 3 mo. USD Term SOFR + 3.30%,

8.62%, 4/25/2035 (a) (b)
    700,000   651,840
Start II Ltd. Series 2019-1, Class A,

4.09%, 3/15/2044 (a)
    427,183   395,187
Structured Asset Securities Corp. Mortgage Loan Trust Series 2006-BC4, Class A4, 1 mo. USD Term SOFR + 0.45%,

5.78%, 12/25/2036 (b)
    556,148   546,721
Sunnova Helios V Issuer LLC Series 2021-A, Class A, ABS,

1.80%, 2/20/2048 (a)
    1,178,434   974,777
Sunrun Demeter Issuer LLC Series 2021-2A, Class A,

2.27%, 1/30/2057 (a)
    2,427,887   1,985,231
Tesla Auto Lease Trust Series 2021-B, Class B,

0.91%, 9/22/2025 (a)
    3,250,000   3,219,363
Theorem Funding Trust Series 2023-1A, Class A,

7.58%, 4/15/2029 (a)
    2,616,069   2,638,951
THL Credit Wind River CLO Ltd. Series 2017-3A, Class AR, ABS, 3 mo. USD Term SOFR + 1.41%,

6.73%, 4/15/2035 (a) (b)
    2,150,000   2,147,635
TIF Funding II LLC:          
Series 2021-1A, Class A, ABS, 1.65%, 2/20/2046 (a)
    3,743,750   3,250,842
Series 2021-1A, Class B, ABS, 2.54%, 2/20/2046 (a)
    1,497,500   1,298,512
Tricon Residential Trust Series 2023-SFR1, Class A,

5.10%, 7/17/2040 (a)
    9,990,776   9,939,527
Trimaran Cavu Ltd. Series 2021-3A, Class D, ABS, 3 mo. USD Term SOFR + 4.04%,

9.34%, 1/18/2035 (a) (b)
    1,500,000   1,492,334
TRTX Issuer Ltd. Series 2021-FL4, Class A, ABS, 1 mo. USD Term SOFR + 1.31%,

6.64%, 3/15/2038 (a) (b)
    934,967   923,689
 
See accompanying notes to Schedule of Investments.
64
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Upstart Pass-Through Trust Series 2021-ST3, Class A, ABS,

2.00%, 5/20/2027 (a)
    $743,283   $721,393
Upstart Securitization Trust:          
Series 2020-1, Class C, ABS, 4.90%, 4/22/2030 (a)
    248,080   247,226
Series 2021-3, Class B, 1.66%, 7/20/2031 (a)
    540,905   538,171
Series 2022-1, Class B, 4.48%, 3/20/2032 (a)
    6,500,000   6,324,337
Series 2023-2, Class A, 6.77%, 6/20/2033 (a)
    2,224,070   2,228,861
Valley Stream Park CLO Ltd. Series 2022-1A, Class DR, 3 mo. USD Term SOFR + 4.15%,

9.47%, 10/20/2034 (a) (b)
    500,000   502,204
Vantage Data Centers Issuer LLC Series 2019-1A, Class A2,

3.19%, 7/15/2044 (a)
    3,234,838   3,204,896
VOLT XCVI LLC Series 2021-NPL5, Class A1, CMO,

5.12%, 3/27/2051 (a) (f)
    910,295   890,602
Voya CLO Ltd.:          
Series 2013-1A, Class BR, 3 mo. USD Term SOFR + 2.16%, 7.48%, 10/15/2030 (a) (b)
    1,000,000   987,900
Series 2014-2A, Class BRR, 3 mo. USD Term SOFR + 2.36%, 7.68%, 4/17/2030 (a) (b)
    1,250,000   1,247,250
Series 2017-3A, Class A2AR, 3 mo. USD Term SOFR + 1.81%, 7.13%, 4/20/2034 (a) (b)
    1,005,000   1,002,387
Series 2017-3A, Class CR, ABS, 3 mo. USD Term SOFR + 3.41%, 8.73%, 4/20/2034 (a) (b)
    1,000,000   971,046
Washington Mutual Asset-Backed Certificates WMABS Trust Series 2007-HE2, Class 2A2, 1 mo. USD Term SOFR + 0.33%,

5.66%, 2/25/2037 (b)
    12,840,848   3,793,672
Wellfleet CLO Ltd.:          
Series 2017-3A, Class A2, 3 mo. USD Term SOFR + 1.76%, 7.08%, 1/17/2031 (a) (b)
    1,700,000   1,682,553
Series 2020-2A, Class CR, 3 mo. USD Term SOFR + 2.56%, 7.88%, 7/15/2034 (a) (b)
    1,550,000   1,523,018
Security Description     Principal
Amount 		  Value
Wellfleet CLO X Ltd. Series 2019-XA, Class A2R, 3 mo. USD Term SOFR + 2.01%,

7.33%, 7/20/2032 (a) (b)
    $3,500,000   $3,469,956
Wind River CLO Ltd. Series 2016-2A, Class BR, 3 mo. USD Term SOFR + 2.06%,

7.37%, 11/1/2031 (a) (b)
    3,000,000   2,992,200
TOTAL ASSET-BACKED SECURITIES

(Cost $390,105,589)
        370,725,696
FOREIGN GOVERNMENT OBLIGATIONS — 0.2%          
COLOMBIA — 0.1%          
Colombia Government International Bonds

4.13%, 5/15/2051
    1,700,000   1,058,466
MEXICO — 0.1%          
Mexico Government International Bonds

6.34%, 5/4/2053
    2,000,000   1,976,704
PANAMA — 0.0% (d)          
Panama Government International Bonds:          
2.25%, 9/29/2032
    200,000   143,409
3.87%, 7/23/2060
    1,000,000   574,840
4.30%, 4/29/2053
    400,000   257,403
          975,652
PERU — 0.0% (d)          
Corp. Financiera de Desarrollo SA 3 mo. USD Term SOFR - 5.61%,

5.25%, 7/15/2029 (b)
    1,000,000   997,039
SOUTH AFRICA — 0.0% (d)          
Republic of South Africa Government International Bonds

4.30%, 10/12/2028
    650,000   583,612
TOTAL FOREIGN GOVERNMENT OBLIGATIONS

(Cost $6,864,592)
        5,591,473
    Shares  
COMMON STOCKS — 0.0% (d)    
UNITED STATES — 0.0% (d)    
Bright Bidco BV

(e) (g)
  710 71
Envision Healthcare Corp.

(e) (g)
  2,187 19,136
 
See accompanying notes to Schedule of Investments.
65
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Shares   Value
Phoenix Services International LLC (e) (g)
    $7,665   $63,620
          82,827
TOTAL COMMON STOCKS

(Cost $58,944)
        82,827
    Principal
Amount 		 
SENIOR FLOATING RATE LOANS — 1.9%      
ADVERTISING SERVICES — 0.0% (d)      
CMG Media Corp., 2021 Term Loan, 3 mo. USD Term SOFR + 3.50%, 8.82%, 12/17/2026 (b)
  $149,599 130,832
AEROSPACE & DEFENSE — 0.0% (d)      
Dynasty Acquisition Co., Inc.:      
2023 Term Loan B1, 1 mo. USD Term SOFR + 4.00%, 9.33%, 8/24/2028 (b)
  285,678 286,420
2023 Term Loan B2, 1 mo. USD Term SOFR + 4.00%, 9.33%, 8/24/2028 (b)
  122,434 122,751
2024 Term Loan B1 (h)
  10,826 10,854
2024 Term Loan B2 (h)
  4,174 4,185
TransDigm, Inc.:      
2023 Term Loan J, 1 mo. USD Term SOFR + 3.25%, 8.60%, 2/14/2031 (b)
  119,700 120,421
2024 Term Loan I, 3 mo. USD Term SOFR + 2.75%, 8.06%, 8/24/2028 (b)
  407,000 408,846
      953,477
AIR FREIGHT & LOGISTICS — 0.0% (d)      
Worldwide Express Operations LLC, 2021 1st Lien Term Loan, 3 mo. USD Term SOFR + 4.00%, 9.57%, 7/26/2028 (b)
  62,141 61,925
AIRLINES — 0.1%      
Air Canada, 2024 Term Loan B, 3 mo. USD Term SOFR + 2.50%, 7.83%, 3/14/2031 (b)
  105,000 105,329
American Airlines, Inc.:      
2021 Term Loan, 3 mo. USD Term SOFR + 4.75%, 10.33%, 4/20/2028 (b)
  263,500 274,095
2023 1st Lien Term Loan, 6 mo. USD Term SOFR + 3.50%, 8.77%, 6/4/2029 (b)
  313,107 314,477
Security Description     Principal
Amount 		  Value
Kestrel Bidco, Inc., Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.33%, 12/11/2026 (b)
    $22,386   $22,409
Mileage Plus Holdings LLC, 2020 Term Loan B, 3 mo. USD Term SOFR + 5.25%, 10.73%, 6/21/2027 (b)
    328,250   338,432
SkyMiles IP Ltd., 2020 Skymiles Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.07%, 10/20/2027 (b)
    161,250   166,508
United Airlines, Inc., 2024 Term Loan B, 3 mo. USD Term SOFR + 2.75%, 8.08%, 2/15/2031 (b)
    290,000   290,815
WestJet Loyalty LP, Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.06%, 2/14/2031 (b)
    350,000   350,437
          1,862,502
AUTO COMPONENTS — 0.0% (d)          
DexKo Global, Inc., 2021 USD Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.32%, 10/4/2028 (b)
    109,258   108,370
AUTO PARTS & EQUIPMENT — 0.0% (d)          
Clarios Global LP, 2024 Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.33%, 5/6/2030 (b)
    408,975   410,509
BEVERAGES — 0.0% (d)          
Triton Water Holdings, Inc., Term Loan, 3 mo. USD Term SOFR + 3.25%, 8.56%, 3/31/2028 (b)
    397,861   394,182
BUILDING MATERIALS — 0.0% (d)          
MI Windows and Doors LLC, 2024 Term Loan B2 (h)
    50,000   50,297
Quikrete Holdings, Inc.:          
2023 Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.19%, 3/19/2029 (b)
    143,899   144,136
2024 Term Loan B (h)
    40,000   40,067
Tamko Building Products LLC, 2023 Term Loan, 3 mo. USD Term SOFR + 3.50%, 8.83%, 9/20/2030 (b)
    139,300   139,474
          373,974
 
See accompanying notes to Schedule of Investments.
66
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
BUILDING PRODUCTS — 0.0% (d)          
Chamberlain Group, Inc., Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.68%, 11/3/2028 (b)
    $198,477   $198,441
Cornerstone Building Brands, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.68%, 4/12/2028 (b)
    128,674   128,235
          326,676
CHEMICALS — 0.1%          
ECO Services Operations Corp., 2021 Term Loan B, 3 mo. USD Term SOFR + 2.50%, 7.91%, 6/9/2028 (b)
    290,278   290,504
Hexion Holdings Corp., 2022 USD Term Loan, 3 mo. USD Term SOFR + 4.50%, 9.98%, 3/15/2029 (b)
    253,686   250,154
INEOS Quattro Holdings UK Ltd., 2023 USD 1st Lien Term Loan B (h)
    285,000   284,823
Ineos U.S. Finance LLC, 2023 USD Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.93%, 2/18/2030 (b)
    312,625   313,016
Ineos US Finance LLC, 2024 USD Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/7/2031 (b)
    75,000   75,187
Lummus Technology Holdings V LLC, 2024 Term Loan B, 3 mo. USD Term SOFR + 3.50%, 8.82%, 12/31/2029 (b)
    362,787   363,658
Nouryon Finance BV, 2023 USD Term Loan B, 3 mo. USD Term SOFR + 4.00%, 9.42%, 4/3/2028 (b)
    243,474   244,539
Olympus Water U.S. Holding Corp., 2021 USD Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.32%, 11/9/2028 (b)
    251,095   251,550
PMHC II, Inc., 2022 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.72%, 4/23/2029 (b)
    95,966   95,136
Polar U.S. Borrower LLC, 2018 1st Lien Term Loan, 3 mo. USD Term SOFR + 4.75%, 10.16%, 10/15/2025 (b)
    99,390   75,723
Security Description     Principal
Amount 		  Value
Vantage Specialty Chemicals, Inc., 2023 Term Loan B, 3 mo. USD Term SOFR + 4.75%, 10.07%, 10/26/2026 (b)
    $24,750   $24,518
          2,268,808
COMMERCIAL SERVICES — 0.1%          
Allied Universal Holdco LLC, 2021 USD Incremental Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.18%, 5/12/2028 (b)
    402,839   402,801
APX Group, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 3.25%, 7/10/2028 (b)
    275,079   276,079
Camelot U.S. Acquisition LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/31/2031 (b)
    320,000   320,240
Conservice Midco LLC, 2024 Term Loan, 1 mo. USD Term SOFR + 4.00%, 9.33%, 5/13/2027 (b)
    84,787   85,173
CoreLogic, Inc., Term Loan, 1 mo. USD Term SOFR + 3.50%, 8.94%, 6/2/2028 (b)
    346,825   339,970
EAB Global, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.50%, 8.94%, 8/16/2028 (b)
    248,793   249,228
GTCR W Merger Sub LLC, USD Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.31%, 1/31/2031 (b)
    340,000   341,630
Homeserve USA Holding Corp., Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.33%, 10/21/2030 (b)
    245,000   245,888
Mavis Tire Express Services Topco Corp., 2024 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 5/4/2028 (b)
    244,226   244,920
OMNIA Partners LLC, 2024 Term Loan B (h)
    145,000   145,838
PECF USS Intermediate Holding III Corp., Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.82%, 12/15/2028 (b)
    149,177   114,308
Spin Holdco, Inc., 2021 Term Loan, 3 mo. USD Term SOFR + 4.00%, 9.59%, 3/4/2028 (b)
    101,686   94,433
 
See accompanying notes to Schedule of Investments.
67
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Verscend Holding Corp., 2021 Term Loan B, 1 mo. USD Term SOFR + 4.00%, 9.44%, 8/27/2025 (b)
    $410,231   $410,743
Vestis Corp., Term Loan, 3 mo. USD Term SOFR + 2.25%, 7.58%, 2/22/2031 (b)
    100,000   100,125
Viad Corp., Initial Term Loan, 1 mo. USD Term SOFR + 5.00%, 10.44%, 7/30/2028 (b)
    173,087   173,791
VT Topco, Inc., 2023 Term Loan B, 1 mo. USD Term SOFR + 4.25%, 9.58%, 8/9/2030 (b)
    99,750   100,142
Wand NewCo 3, Inc., 2024 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/30/2031 (b)
    170,000   170,677
          3,815,986
COMMERCIAL SERVICES & SUPPLIES — 0.1%          
ADMI Corp., 2023 Term Loan B5, 1 mo. USD Term SOFR + 5.75%, 11.08%, 12/23/2027 (b)
    199,500   199,937
Asurion LLC:          
2021 2nd Lien Term Loan B3, 1 mo. USD Term SOFR + 5.25%, 10.58%, 1/31/2028 (b)
    70,000   63,481
2021 Second Lien Term Loan B4, 1 mo. USD Term SOFR + 5.25%, 10.69%, 1/20/2029 (b)
    105,000   94,443
2021 Term Loan B9, 1 mo. USD Term SOFR + 3.25%, 8.58%, 7/31/2027 (b)
    378,056   364,218
2023 Term Loan B11, 1 mo. USD Term SOFR + 4.25%, 9.68%, 8/19/2028 (b)
    24,875   24,066
Garda World Security Corp., 2022 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.58%, 2/1/2029 (b)
    322,675   323,685
Packaging Coordinators Midco, Inc., 2020 1st Lien Term Loan, 3 mo. USD Term SOFR + 3.50%, 9.07%, 11/30/2027 (b)
    374,294   375,517
Packers Holdings LLC, 2021 Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.68%, 3/9/2028 (b)
    113,529   72,942
          1,518,289
Security Description     Principal
Amount 		  Value
COMMUNICATIONS EQUIPMENT — 0.0% (d)          
CommScope, Inc., 2019 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.58%, 4/6/2026 (b)
    $59,247   $53,915
Zayo Group Holdings, Inc., USD Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.44%, 3/9/2027 (b)
    325,000   286,092
          340,007
CONSTRUCTION & ENGINEERING — 0.1%          
Artera Services LLC, 2024 Term Loan, 3 mo. USD Term SOFR + 4.50%, 9.81%, 2/15/2031 (b)
    240,000   241,200
Brand Industrial Services, Inc., 2023 Term Loan B, 3 mo. USD Term SOFR + 5.50%, 10.81%, 8/1/2030 (b)
    179,212   180,204
Brown Group Holding LLC, Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.18%, 6/7/2028 (b)
    274,453   274,578
DG Investment Intermediate Holdings 2, Inc.:          
2021 2nd Lien Term Loan, 1 mo. USD Term SOFR + 6.75%, 12.19%, 3/30/2029 (b)
    60,000   56,325
2021 Term Loan, 1 mo. USD Term SOFR + 3.75%, 9.19%, 3/31/2028 (b)
    253,612   253,883
KKR Apple Bidco LLC, 2021 Term Loan, 1 mo. USD Term SOFR + 2.75%, 8.19%, 9/22/2028 (b)
    185,725   185,784
Tecta America Corp., 2021 Term Loan, 1 mo. USD Term SOFR + 4.00%, 9.33%, 4/10/2028 (b)
    190,125   190,853
          1,382,827
CONSTRUCTION MATERIALS — 0.0% (d)          
Traverse Midstream Partners LLC, 2017 Term Loan, 3 mo. USD Term SOFR + 3.50%, 8.82%, 2/16/2028 (b)
    53,496   53,697
 
See accompanying notes to Schedule of Investments.
68
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CONSUMER STAPLES DISTRIBUTION & RETAIL — 0.0% (d)          
Monogram Food Solutions LLC, Term Loan B, 1 mo. USD Term SOFR + 4.00%, 9.33%, 8/28/2028 (b)
    $254,150   $254,785
CONTAINERS & PACKAGING — 0.1%          
Charter NEX US, Inc., 2024 Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.83%, 12/1/2027 (b)
    245,000   245,724
Clydesdale Acquisition Holdings, Inc., Term Loan B, 1 mo. USD Term SOFR + 3.68%, 9.11%, 4/13/2029 (b)
    264,327   264,988
Graham Packaging Co., Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.44%, 8/4/2027 (b)
    299,142   299,424
Klockner-Pentaplast of America, Inc., 2021 Term Loan B, 6 mo. USD Term SOFR + 4.73%, 10.27%, 2/12/2026 (b)
    94,271   88,968
Pregis TopCo Corp., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.75%, 9.08%, 7/31/2026 (b)
    373,588   374,587
Pretium Packaging LLC:          
First Out Term Loan A, 3 mo. USD Term SOFR + 5.00%, 10.31%, 10/2/2028 (b)
    54,767   55,623
Second Out Term Loan A1, 3 mo. USD Term SOFR + 4.60%, 9.91%, 10/2/2028 (b)
    142,412   127,993
Pretium PKG Holdings, Inc., 2021 2nd Lien Term Loan, 3 mo. USD Term SOFR + 6.75%, 12.33%, 10/1/2029 (b)
    45,000   28,139
Reynolds Group Holdings Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.69%, 9/24/2028 (b)
    184,056   184,907
TricorBraun Holdings, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.69%, 3/3/2028 (b)
    192,241   190,327
Trident TPI Holdings, Inc., 2021 Term Loan B3, 3 mo. USD Term SOFR + 4.00%, 9.57%, 9/15/2028 (b)
    241,544   241,929
          2,102,609
Security Description     Principal
Amount 		  Value
COSMETICS & TOILETRIES — 0.0% (d)          
Solis IV BV, USD Term Loan B1, 3 mo. USD Term SOFR + 3.50%, 8.82%, 2/26/2029 (b)
    $270,652   $268,009
DISTRIBUTION/WHOLESALE — 0.0% (d)          
BCPE Empire Holdings, Inc., 2024 Term Loan, 1 mo. USD Term SOFR + 4.00%, 9.33%, 12/11/2028 (b)
    357,196   358,000
DISTRIBUTORS — 0.0% (d)          
American Tire Distributors Holdings, Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 6.25%, 11.83%, 10/20/2028 (b)
    57,138   49,853
DIVERSIFIED CONSUMER SERVICES — 0.0% (d)          
Ascend Learning LLC:          
2021 2nd Lien Term Loan, 1 mo. USD Term SOFR + 5.75%, 11.18%, 12/10/2029 (b)
    74,708   73,985
2021 Term Loan, 1 mo. USD Term SOFR + 3.50%, 8.93%, 12/11/2028 (b)
    265,423   264,296
          338,281
DIVERSIFIED FINANCIAL SERVICES — 0.1%          
AllSpring Buyer LLC, Term Loan B, 3 mo. USD Term SOFR + 3.25%, 8.56%, 11/1/2028 (b)
    388,910   389,124
Astra Acquisition Corp.:          
2021 1st Lien Term Loan, 3 mo. USD Term SOFR + 5.25%, 10.57%, 10/25/2028 (b)
    139,181   58,978
2021 2nd Lien Term Loan, 3 mo. USD Term SOFR + 8.88%, 14.19%, 10/25/2029 (b)
    159,962   49,488
Castlelake Aviation Ltd., Term Loan B, 3 mo. USD Term SOFR + 2.50%, 7.83%, 10/22/2026 (b)
    335,925   336,365
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.06%, 4/9/2027 (b)
    336,061   334,824
Edelman Financial Center LLC:          
2018 2nd Lien Term Loan, 1 mo. USD Term SOFR + 6.75%, 12.19%, 7/20/2026 (b)
    91,670   92,272
 
See accompanying notes to Schedule of Investments.
69
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
2021 Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.83%, 4/7/2028 (b)
    $491,154   $491,815
Eisner Advisory Group LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 4.00%, 9.33%, 2/28/2031 (b)
    200,000   201,063
Focus Financial Partners LLC:          
2021 Term Loan B4, 1 mo. USD Term SOFR + 2.50%, 7.83%, 6/30/2028 (b)
    446,556   445,386
2024 Term Loan B7, 1 mo. USD Term SOFR + 2.75%, 8.08%, 6/30/2028 (b)
    49,750   49,649
Greystone Select Financial LLC, Term Loan B, 3 mo. USD Term SOFR + 5.00%, 10.57%, 6/16/2028 (b)
    86,677   86,677
HighTower Holdings LLC, 2021 Term Loan B, 3 mo. USD Term SOFR + 4.00%, 9.59%, 4/21/2028 (b)
    345,368   346,231
Minotaur Acquisition, Inc., Term Loan B, 1 mo. USD Term SOFR + 4.75%, 10.08%, 3/27/2026 (b)
    316,488   317,201
Walker & Dunlop, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 2.25%, 7.68%, 12/16/2028 (b)
    112,413   112,272
          3,311,345
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.0% (d)          
Altice France SA, 2023 USD Term Loan B14, 3 mo. USD Term SOFR + 5.50%, 10.81%, 8/15/2028 (b)
    228,725   183,052
Level 3 Financing, Inc., 2019 Term Loan B (h)
    97,930   97,348
Telesat Canada, Term Loan B5, 3 mo. USD Term SOFR + 2.75%, 8.35%, 12/7/2026 (b)
    47,573   28,946
          309,346
ELECTRICAL EQUIPMENT — 0.0% (d)          
Energizer Holdings, Inc., 2020 Term Loan, 1 mo. USD Term SOFR + 2.25%, 7.69%, 12/22/2027 (b)
    125,149   125,243
Gates Global LLC, 2022 Term Loan B4, 1 mo. USD Term SOFR + 3.00%, 8.33%, 11/16/2029 (b)
    59,100   59,364
          184,607
Security Description     Principal
Amount 		  Value
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.0% (d)          
Compass Power Generation LLC, 2022 Term Loan B2, 1 mo. USD Term SOFR + 4.25%, 9.58%, 4/14/2029 (b)
    $195,586   $197,025
Mirion Technologies, Inc., 2021 Term Loan, 3 mo. USD Term SOFR + 2.75%, 8.36%, 10/20/2028 (b)
    205,040   205,809
          402,834
ELECTRONICS — 0.0% (d)          
Coherent Corp., Term Loan B1 (h)
    40,000   40,000
ENERGY-ALTERNATE SOURCES — 0.0% (d)          
Vistra Zero Operating Company LLC, Term Loan B (h)
    95,000   95,119
ENTERTAINMENT — 0.1%          
AMC Entertainment Holdings, Inc., 2019 Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.44%, 4/22/2026 (b)
    48,675   40,948
Bally's Corp., 2021 Term Loan B, 3 mo. USD Term SOFR + 3.25%, 8.83%, 10/2/2028 (b)
    268,629   252,903
Caesars Entertainment, Inc., 2024 Term Loan B1, 3 mo. USD Term SOFR + 2.75%, 8.04%, 2/6/2031 (b)
    250,000   250,508
Fertitta Entertainment LLC, 2022 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/27/2029 (b)
    1,250,690   1,255,124
Flutter Financing BV, Term Loan B, 3 mo. USD Term SOFR + 2.25%, 7.66%, 11/25/2030 (b)
    74,813   74,979
Motion Finco SARL, 2024 USD Term Loan B (h)
    330,000   329,876
NASCAR Holdings LLC, Term Loan B, 1 mo. USD Term SOFR + 2.50%, 7.94%, 10/19/2026 (b)
    98,068   98,603
Ontario Gaming GTA LP, Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.60%, 8/1/2030 (b)
    340,532   342,113
 
See accompanying notes to Schedule of Investments.
70
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
SMG U.S. Midco 2, Inc., 2020 Term Loan, 3 mo. USD Term SOFR + 2.50%, 7.82%, 1/23/2025 (b)
    $340,758   $341,061
          2,986,115
FOOD PRODUCTS — 0.0% (d)          
CHG PPC Parent LLC, 2021 Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.44%, 12/8/2028 (b)
    307,615   308,384
FOOD-MISC/DIVERSIFIED — 0.0% (d)          
H Food Holdings LLC, 2018 Term Loan B, 3 mo. USD Term SOFR + 3.69%, 9.29%, 5/23/2025 (b)
    78,739   57,627
HEALTH CARE EQUIPMENT & SUPPLIES — 0.1%          
ADMI Corp., 2021 Incremental Term Loan B3, 1 mo. USD Term SOFR + 3.75%, 9.19%, 12/23/2027 (b)
    143,893   139,306
Bausch & Lomb Corp.:          
2023 Incremental Term Loan, 1 mo. USD Term SOFR + 4.00%, 9.33%, 9/29/2028 (b)
    144,275   144,456
Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.68%, 5/10/2027 (b)
    399,007   395,316
Gainwell Acquisition Corp., Term Loan B, 1 mo. USD Term SOFR + 4.00%, 9.41%, 10/1/2027 (b)
    445,510   426,966
          1,106,044
HEALTH CARE PROVIDERS & SERVICES — 0.1%          
Air Methods Corp., 2023 Exit Term Loan (h)
    3,579   3,642
Aveanna Healthcare LLC:          
2021 2nd Lien Term Loan, 3 mo. USD Term SOFR + 7.00%, 12.49%, 12/10/2029 (b)
    82,260   70,949
2021 Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.19%, 7/17/2028 (b)
    200,030   192,850
CHG Healthcare Services, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.69%, 9/29/2028 (b)
    330,601   331,255
Fortrea Holdings, Inc., Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 7/1/2030 (b)
    44,662   44,849
Security Description     Principal
Amount 		  Value
LifePoint Health, Inc., 2023 Term Loan B, 3 mo. USD Term SOFR + 5.50%, 11.09%, 11/16/2028 (b)
    $395,000   $396,517
Maravai Intermediate Holdings LLC, 2022 Term Loan B, 3 mo. USD Term SOFR + 3.00%, 8.31%, 10/19/2027 (b)
    169,137   166,459
Medline Borrower LP, USD Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.44%, 10/23/2028 (b)
    278,226   279,142
Pacific Dental Services LLC, 2024 Term Loan B (h)
    205,000   205,299
Radiology Partners, Inc., 2024 Extended Term Loan B (h)
    142,437   137,960
Team Health Holdings, Inc., 2022 Term Loan B, 3 mo. USD Term SOFR + 5.25%, 10.56%, 3/2/2027 (b)
    84,277   75,007
          1,903,929
HOME FURNISHINGS — 0.0% (d)          
AI Aqua Merger Sub, Inc., 2021 1st Lien Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.07%, 7/31/2028 (b)
    411,160   412,361
HOTELS, RESTAURANTS & LEISURE — 0.1%          
Alterra Mountain Co.:          
2021 Series B-2 Consenting Term Loan, 1 mo. USD Term SOFR + 3.50%, 8.94%, 8/17/2028 (b)
    265,632   267,072
2023 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.18%, 5/31/2030 (b)
    124,237   125,013
Caesars Entertainment, Inc., Term Loan B, 3 mo. USD Term SOFR + 3.25%, 8.66%, 2/6/2030 (b)
    64,350   64,614
Peraton Corp., Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/1/2028 (b)
    211,762   211,978
Playa Resorts Holding BV, 2022 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.58%, 1/5/2029 (b)
    317,409   318,709
Travelport Finance SARL, 2020 Super Priority Term Loan, 1 mo. USD Term SOFR + 7.00%, 13.61%, 9/30/2028 (b)
    150,562   140,983
          1,128,369
 
See accompanying notes to Schedule of Investments.
71
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
HOUSEHOLD DURABLES — 0.0% (d)          
Springs Windows Fashions LLC, 2021 Term Loan B, 1 mo. USD Term SOFR + 4.00%, 9.44%, 10/6/2028 (b)
    $275,274   $254,054
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.0% (d)          
NRG Energy, Inc., 2024 Term Loan (h)
    135,000   134,916
Vistra Operations Co. LLC, 1st Lien Term Loan B3, 1 mo. USD Term SOFR + 2.00%, 7.33%, 12/20/2030 (b)
    69,825   69,836
          204,752
INSURANCE — 0.1%          
Acrisure LLC:          
2020 Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.94%, 2/15/2027 (b)
    240,493   240,643
2021 First Lien Term Loan B, 1 mo. USD Term SOFR + 4.25%, 9.69%, 2/15/2027 (b)
    136,850   137,449
Alliant Holdings Intermediate LLC, 2023 Term Loan B6, 1 mo. USD Term SOFR + 3.50%, 8.83%, 11/6/2030 (b)
    299,250   300,811
AssuredPartners, Inc.:          
2020 Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.94%, 2/12/2027 (b)
    253,324   253,872
2022 Term Loan, 1 mo. USD Term SOFR + 3.50%, 8.83%, 2/12/2027 (b)
    103,163   103,372
2023 Term Loan B4, 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/12/2027 (b)
    19,943   19,988
2024 Incremental Term Loan B5, 1 mo. USD Term SOFR + 3.50%, 8.83%, 2/14/2031 (b)
    20,000   20,050
Cross Financial Corp., 2024 Term Loan B2, 1 mo. USD Term SOFR + 3.50%, 8.83%, 9/15/2027 (b)
    184,056   184,286
OneDigital Borrower LLC, 2021 Term Loan, 1 mo. USD Term SOFR + 4.25%, 9.68%, 11/16/2027 (b)
    308,192   308,577
          1,569,048
Security Description     Principal
Amount 		  Value
INTERNET & CATALOG RETAIL — 0.0% (d)          
ION Trading Finance Ltd., 2021 USD Term Loan, 3 mo. USD Term SOFR + 4.75%, 10.20%, 4/1/2028 (b)
    $122,534   $122,534
INTERNET & TELECOM — 0.0% (d)          
CNT Holdings I Corp., 2020 Term Loan, 3 mo. USD Term SOFR + 3.50%, 8.82%, 11/8/2027 (b)
    132,539   132,943
PUG LLC, 2024 Extended Term Loan B, 3 mo. USD Term SOFR + 4.75%, 10.08%, 3/15/2030 (b)
    210,000   210,568
          343,511
INVESTMENT COMPANIES — 0.0% (d)          
Brookfield WEC Holdings, Inc., 2024 Term Loan, 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/27/2031 (b)
    320,000   320,000
GIP Pilot Acquisition Partners LP, Term Loan, 3 mo. USD Term SOFR + 3.00%, 8.33%, 10/4/2030 (b)
    120,000   120,540
Mister Car Wash Holdings, Inc., 2024 Term Loan B (h)
    50,000   50,177
          490,717
IT SERVICES — 0.0% (d)          
Access CIG LLC, 2023 Term Loan, 1 mo. USD Term SOFR + 5.00%, 10.33%, 8/18/2028 (b)
    338,300   339,093
LEISURE INDUSTRY — 0.0% (d)          
Carnival Corp.:          
2021 Incremental Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.69%, 10/18/2028 (b)
    339,930   340,816
2023 Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.32%, 8/8/2027 (b)
    74,438   74,639
          415,455
LEISURE TIME — 0.0% (d)          
Alterra Mountain Co., 2024 Term Loan B3 (h)
    30,000   30,000
ClubCorp Holdings, Inc., 2023 Term Loan B2, 3 mo. USD Term SOFR + 5.00%, 10.32%, 9/18/2026 (b)
    217,173   217,872
          247,872
 
See accompanying notes to Schedule of Investments.
72
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
LEISURE&REC/GAMES — 0.0% (d)          
Scientific Games Holdings LP, 2022 USD Term Loan B, 3 mo. USD Term SOFR + 3.25%, 8.58%, 4/4/2029 (b)
    $271,947   $272,209
LIFE SCIENCES TOOLS & SERVICES — 0.0% (d)          
Parexel International Corp., 2021 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.58%, 11/15/2028 (b)
    331,284   332,414
LODGING — 0.0% (d)          
Hilton Grand Vacations Borrower LLC, 2024 Incremental Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/17/2031 (b)
    155,000   155,461
Station Casinos LLC, 2024 Term Loan B (h)
    85,000   84,990
          240,451
MACHINERY — 0.1%          
Columbus McKinnon Corp., 2024 Term Loan, 1 mo. USD Term SOFR + 2.50%, 7.81%, 5/14/2028 (b)
    27,342   27,444
Eagle Parent Corp., 2022 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.56%, 4/2/2029 (b)
    264,427   262,528
Madison IAQ LLC, Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.69%, 6/21/2028 (b)
    373,334   373,237
Titan Acquisition Ltd.:          
2018 Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.33%, 3/28/2025 (b)
    394,731   394,895
2024 Term Loan B (h)
    275,000   276,060
TK Elevator US Newco, Inc., USD Term Loan B (h)
    369,075   370,741
          1,704,905
MEDIA — 0.1%          
Cengage Learning, Inc., 2024 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.58%, 3/15/2031 (b)
    130,000   130,020
Charter Communications Operating LLC, 2023 Term Loan B4, 3 mo. USD Term SOFR + 2.00%, 7.33%, 12/7/2030 (b)
    380,000   376,646
Security Description     Principal
Amount 		  Value
CSC Holdings LLC, 2019 Term Loan B5, 1 mo. USD Term SOFR + 2.50%, 7.94%, 4/15/2027 (b)
    $253,679   $230,032
DirecTV Financing LLC, Term Loan, 1 mo. USD Term SOFR + 5.00%, 10.44%, 8/2/2027 (b)
    132,630   132,962
iHeartCommunications, Inc., 2020 Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.44%, 5/1/2026 (b)
    115,272   101,255
NEP Group, Inc., 2023 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 1.50%, 8/19/2026 (b)
    189,536   181,185
Simon & Schuster, Inc., Term Loan B, 3 mo. USD Term SOFR + 4.00%, 9.32%, 10/30/2030 (b)
    105,000   105,512
Sinclair Television Group, Inc., Term Loan B2B, 1 mo. USD Term SOFR + 2.50%, 7.94%, 9/30/2026 (b)
    109,382   104,473
Univision Communications, Inc., 2022 First Lien Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.56%, 6/24/2029 (b)
    177,852   178,453
Virgin Media Bristol LLC, 2023 USD Term Loan Y, 6 mo. USD Term SOFR + 3.25%, 8.79%, 3/31/2031 (b)
    385,000   379,812
Ziggo Financing Partnership, USD Term Loan I, 1 mo. USD Term SOFR + 2.50%, 7.94%, 4/30/2028 (b)
    190,000   187,506
          2,107,856
METAL FABRICATE & HARDWARE — 0.0% (d)          
Crosby U.S. Acquisition Corp., 2024 Term Loan B, 3 mo. USD Term SOFR + 4.00%, 9.32%, 8/16/2029 (b)
    80,000   80,542
METALS & MINING — 0.0% (d)          
Tiger Acquisition LLC, 2021 Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.68%, 6/1/2028 (b)
    115,027   114,205
MORTGAGE REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.0% (d)          
Starwood Property Trust, Inc., 2021 Term Loan B3, 1 mo. USD Term SOFR + 3.25%, 8.68%, 7/26/2026 (b)
    94,275   94,628
 
See accompanying notes to Schedule of Investments.
73
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
OIL, GAS & CONSUMABLE FUELS — 0.0% (d)          
Pacific Gas & Electric Co., 2020 Term Loan B1, 1 mo. USD Term SOFR + 3.00%, 7.83%, 6/23/2027 (b)
    $75,000   $75,211
Par Petroleum LLC, 2023 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.69%, 2/28/2030 (b)
    49,625   49,764
Waterbridge Midstream Operating LLC, Term Loan B, 3 mo. USD Term SOFR + 5.75%, 11.34%, 6/22/2026 (b)
    184,731   185,165
          310,140
PERSONAL PRODUCTS — 0.0% (d)          
Kronos Acquisition Holdings, Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.06%, 12/22/2026 (b)
    253,607   254,226
PHARMACEUTICALS — 0.1%          
Curium BidCo SARL, 2023 USD Term Loan B, 3 mo. USD Term SOFR + 4.50%, 9.81%, 7/31/2029 (b)
    238,200   239,689
Grifols Worldwide Operations USA, Inc., 2019 USD Term Loan B, 3 mo. USD Term SOFR + 2.00%, 7.46%, 11/15/2027 (b)
    194,782   189,023
Jazz Financing Lux SARL, 2024 Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.44%, 5/5/2028 (b)
    503,542   506,690
Organon & Co., USD Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.43%, 6/2/2028 (b)
    243,101   244,267
Southern Veterinary Partners LLC, Term Loan, 1 mo. USD Term SOFR + 4.00%, 9.44%, 10/5/2027 (b)
    445,099   446,100
          1,625,769
PIPELINES — 0.1%          
BCP Renaissance Parent LLC, 2023 Term Loan B, 3 mo. USD Term SOFR + 3.50%, 8.83%, 10/31/2028 (b)
    196,272   197,070
Buckeye Partners LP, 2024 Term Loan B3, 1 mo. USD Term SOFR + 2.00%, 7.33%, 11/1/2026 (b)
    145,000   145,433
Security Description     Principal
Amount 		  Value
CQP Holdco LP, 2023 4th Amendment Term Loan, 3 mo. USD Term SOFR + 3.00%, 8.32%, 12/31/2030 (b)
    $255,000   $256,075
Freeport LNG Investments LLLP, Term Loan B, 3 mo. USD Term SOFR + 3.50%, 9.08%, 12/21/2028 (b)
    164,283   163,378
GIP II Blue Holding LP, Term Loan B, 1 mo. USD Term SOFR + 4.39%, 9.94%, 9/29/2028 (b)
    87,210   87,606
Oryx Midstream Services Permian Basin LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.44%, 10/5/2028 (b)
    260,000   261,278
WhiteWater DBR HoldCo LLC, Term Loan B, 3 mo. USD Term SOFR + 2.75%, 8.07%, 3/3/2031 (b)
    115,000   115,335
          1,226,175
PROFESSIONAL SERVICES — 0.0% (d)          
Proofpoint, Inc., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.58%, 8/31/2028 (b)
    330,730   331,271
REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.0% (d)          
Iron Mountain, Inc., 2023 Term Loan B, 1 mo. USD Term SOFR + 2.25%, 7.58%, 1/31/2031 (b)
    164,587   163,627
RETAIL — 0.0% (d)          
EG Group Ltd., 2023 USD Tranche C Term Loan B (h)
    185,691   185,227
RETAIL-BUILDING PRODUCTS — 0.0% (d)          
LBM Acquisition LLC, Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.18%, 12/17/2027 (b)
    248,740   248,586
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.0% (d)          
Ultra Clean Holdings, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.19%, 8/27/2025 (b)
    125,974   126,290
 
See accompanying notes to Schedule of Investments.
74
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
SOFTWARE — 0.2%          
Applied Systems, Inc.:          
2024 1st Lien Term Loan, 3 mo. USD Term SOFR + 3.50%, 8.81%, 2/24/2031 (b)
    $230,000   $231,643
2024 2nd Lien Term Loan, 3 mo. USD Term SOFR + 5.25%, 10.56%, 2/23/2032 (b)
    85,000   88,161
Athenahealth Group, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.58%, 2/15/2029 (b)
    332,234   329,925
Banff Merger Sub, Inc., 2023 USD Term Loan, 1 mo. USD Term SOFR + 4.25%, 9.58%, 12/29/2028 (b)
    468,825   472,390
Castle U.S. Holding Corp., USD Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.35%, 1/29/2027 (b)
    76,919   54,461
Central Parent, Inc., 2023 Term Loan B, 3 mo. USD Term SOFR + 4.00%, 9.31%, 7/6/2029 (b)
    338,612   340,004
Constant Contact, Inc., Term Loan, 3 mo. USD Term SOFR + 4.00%, 9.59%, 2/10/2028 (b)
    203,517   198,283
Cornerstone OnDemand, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.75%, 9.08%, 10/16/2028 (b)
    165,693   162,863
Cotiviti Corp., 2024 Term Loan (h)
    290,000   289,638
DCert Buyer, Inc.:          
2019 Term loan B, 1 mo. USD Term SOFR + 4.00%, 9.33%, 10/16/2026 (b)
    218,956   218,205
2021 2nd Lien Term Loan, 1 mo. USD Term SOFR + 7.00%, 12.33%, 2/19/2029 (b)
    55,000   49,951
Dun & Bradstreet Corp., 2024 Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/18/2029 (b)
    168,775   168,933
First Advantage Holdings LLC, 2021 Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/31/2027 (b)
    275,666   275,753
Genesys Cloud Services Holdings II LLC, First Lien Term Loan B, 3 mo. USD Term SOFR + 3.50%, 8.83%, 12/1/2027 (b)
    242,822   243,734
Security Description     Principal
Amount 		  Value
Greeneden U.S. Holdings II LLC, 2020 USD Term Loan B4 (h)
    $242,822   $243,819
Helios Software Holdings, Inc., 2024 Term Loan, 3 mo. USD Term SOFR + 3.75%, 9.07%, 7/18/2030 (b)
    194,151   192,817
I-Logic Technologies Bidco Ltd., 2021 USD Term Loan B, 3 mo. USD Term SOFR + 4.00%, 9.31%, 2/16/2028 (b)
    272,500   272,542
Informatica LLC, 2021 USD Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.19%, 10/27/2028 (b)
    323,400   324,047
Ivanti Software, Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.84%, 12/1/2027 (b)
    71,769   67,374
McAfee LLC, 2022 USD Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.18%, 3/1/2029 (b)
    271,011   271,144
MedAssets Software Intermediate Holdings, Inc., 2021 Term Loan, 3 mo. USD Term SOFR + 4.00%, 9.42%, 12/18/2028 (b)
    110,954   93,653
Mitchell International, Inc.:          
2021 2nd Lien Term Loan, 1 mo. USD Term SOFR + 6.50%, 11.83%, 10/15/2029 (b)
    40,000   40,025
2021 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 10/15/2028 (b)
    240,202   240,572
PointClickCare Technologies, Inc., Term Loan B, 3 mo. USD Term SOFR + 3.00%, 8.57%, 12/29/2027 (b)
    140,650   141,090
Polaris Newco LLC, USD Term Loan B, 3 mo. USD Term SOFR + 4.00%, 9.57%, 6/2/2028 (b)
    201,353   199,638
RealPage, Inc., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.44%, 4/24/2028 (b)
    664,256   647,141
Sophia LP, 2024 Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.93%, 10/9/2029 (b)
    409,475   411,727
UKG, Inc.:          
2021 2nd Lien Term Loan, 3 mo. USD Term SOFR + 5.25%, 10.68%, 5/3/2027 (b)
    45,862   46,349
 
See accompanying notes to Schedule of Investments.
75
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
2024 Term Loan B, 3 mo. USD Term SOFR + 3.50%, 8.81%, 2/10/2031 (b)
    $310,000   $311,986
          6,627,868
SPECIALTY RETAIL — 0.1%          
Great Outdoors Group LLC, 2021 Term Loan B1, 1 mo. USD Term SOFR + 3.75%, 9.19%, 3/6/2028 (b)
    342,395   343,013
K-Mac Holdings Corp., 2021 Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.58%, 7/21/2028 (b)
    219,728   219,710
Michaels Cos., Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.57%, 4/15/2028 (b)
    227,561   204,754
PetSmart, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.18%, 2/11/2028 (b)
    341,992   341,637
Rent-A-Center, Inc., 2021 First Lien Term Loan B, 3 mo. USD Term SOFR + 3.25%, 9.12%, 2/17/2028 (b)
    156,800   157,028
Restoration Hardware, Inc., Term Loan B, 1 mo. USD Term SOFR + 2.50%, 7.94%, 10/20/2028 (b)
    125,160   122,314
SRS Distribution, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.94%, 6/2/2028 (b)
    331,434   334,100
Whatabrands LLC, 2021 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.58%, 8/3/2028 (b)
    314,100   314,651
          2,037,207
STEEL-PRODUCERS — 0.0% (d)          
Phoenix Services International LLC, 2023 Exit PIK Term Loan, 1 mo. USD Term SOFR + 6.10%, 11.43%, 6/30/2028 (b)
    84,915   80,033
TELECOM SERVICES — 0.0% (d)          
Connect Finco SARL, 2021 Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.83%, 12/11/2026 (b)
    61,681   61,696
Security Description     Principal
Amount 		  Value
TELECOMMUNICATION EQUIP — 0.0% (d)          
Cyxtera DC Holdings, Inc., Term Loan B, 12 mo. USD Term SOFR + 0.00%, 5/1/2024 (b) (c)
    $102,390   $5,256
GOGO Intermediate Holdings LLC, Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 4/30/2028 (b)
    143,189   143,150
          148,406
TRANSPORT-SERVICES — 0.0% (d)          
Echo Global Logistics, Inc., Term Loan, 1 mo. USD Term SOFR + 3.50%, 8.93%, 11/23/2028 (b)
    121,708   120,274
Element Materials Technology Group U.S. Holdings, Inc.:          
2022 USD Delayed Draw Term Loan, 3 mo. USD Term SOFR + 4.25%, 9.66%, 7/6/2029 (b)
    40,539   40,624
2022 USD Term Loan, 3 mo. USD Term SOFR + 4.25%, 9.66%, 7/6/2029 (b)
    87,836   88,019
Endure Digital, Inc., Term Loan, 6 mo. USD Term SOFR + 3.50%, 9.42%, 2/10/2028 (b)
    259,646   253,998
Everi Holdings, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 2.50%, 7.83%, 8/3/2028 (b)
    111,263   111,632
Kenan Advantage Group, Inc., 2024 Term Loan B3, 1 mo. USD Term SOFR + 3.75%, 9.08%, 1/25/2029 (b)
    215,000   215,471
LaserShip, Inc.:          
2021 2nd Lien Term Loan, 2 mo. USD Term SOFR + 7.50%, 12.73%, 5/7/2029 (b)
    40,000   33,120
2021 Term Loan, 3 mo. USD Term SOFR + 4.50%, 10.07%, 5/7/2028 (b)
    151,385   141,432
          1,004,570
TOTAL SENIOR FLOATING RATE LOANS

(Cost $53,233,449)
        52,985,015
    
 
See accompanying notes to Schedule of Investments.
76
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Shares   Value
WARRANTS — 0.0% (d)          
SINGAPORE — 0.0% (d)          
Avation PLC (expiring 10/31/26) (g)

(Cost $0)
    4,550   $862
    Principal
Amount 		 
U.S. GOVERNMENT AGENCY OBLIGATIONS — 29.4%      
Federal Home Loan Mortgage Corp.:      
30 day USD SOFR Average - 2.15%, 2.14%, 12/1/2051 (b)
  $11,091,264 9,719,034
30 day USD SOFR Average + 2.14%, 2.22%, 7/1/2051 (b)
  11,558,921 10,196,254
3.00%, 6/1/2042
  9,979,122 8,901,578

3.00%, 11/1/2042
  5,588,122 5,012,365
3.00%, 12/1/2042
  4,726,563 4,170,698
3.00%, 1/1/2045
  644,648 572,764
3.00%, 2/1/2045
  446,763 394,921
3.00%, 3/1/2045
  444,230 392,681

3.00%, 4/1/2045
  12,641,295 11,216,310
3.00%, 8/1/2045
  5,028,585 4,445,071
3.00%, 12/1/2046
  15,336,646 13,556,957
3.00%, 7/1/2047
  1,783,075 1,573,378
3.00%, 10/1/2051
  14,734,459 12,848,484
3.00%, 3/1/2052
  5,658,712 4,873,245
3.50%, 2/1/2045
  696,046 639,602

3.50%, 4/1/2045
  11,036,786 10,068,834
3.50%, 6/1/2045
  5,609,900 5,107,698
3.50%, 10/1/2045
  5,722,172 5,209,932
3.50%, 2/1/2046
  2,907,056 2,657,062
4.00%, 4/1/2045
  12,983,996 12,382,836
4.00%, 4/1/2047
  7,646,147 7,209,210
4.00%, 7/1/2047
  1,906,718 1,797,886
4.00%, 7/1/2052
  12,978,241 12,025,044
4.19%, 7/1/2033
  16,202,000 15,247,748
4.30%, 1/1/2033
  10,000,000 9,517,668
4.50%, 6/1/2044
  745,100 728,437
4.80%, 1/1/2030
  17,395,000 17,262,480
Federal Home Loan Mortgage Corp. REMICS:      
Series 3852, Class NS, CMO, IO, REMIC, 30 day USD SOFR Average - 5.89%, 0.57%, 5/15/2041 (b)
  2,876,256 241,253
Series 3889, Class VZ, CMO, REMIC, 4.00%, 7/15/2041
  1,917,195 1,807,284
Security Description     Principal
Amount 		  Value
Series 3935, Class SJ, CMO, IO, REMIC, 30 day USD SOFR Average - 6.54%, 1.22%, 5/15/2041 (b)
    $333,374   $4,680
Series 4165, Class ZT, CMO, REMIC, 3.00%, 2/15/2043
    4,514,652   3,666,856
Series 4364, Class ZX, CMO, REMIC, 4.00%, 7/15/2044
    25,877,011   24,452,181
Series 4444, Class CZ, CMO, REMIC, 3.00%, 2/15/2045
    14,440,767   12,356,963
Series 4471, Class BA, CMO, REMIC, 3.00%, 12/15/2041
    474,136   460,728
Series 4471, Class GA, CMO, REMIC, 3.00%, 2/15/2044
    3,078,762   2,848,922
Series 4483, Class CA, CMO, REMIC, 3.00%, 6/15/2044
    2,903,919   2,703,380
Series 4484, Class CD, CMO, REMIC, 1.75%, 7/15/2030
    2,077,905   1,942,290
Series 4492, Class GZ, CMO, REMIC, 3.50%, 7/15/2045
    7,281,205   6,652,307
Series 4504, Class CA, CMO, REMIC, 3.00%, 4/15/2044
    2,669,124   2,506,298
Series 4533, Class AB, CMO, REMIC, 3.00%, 6/15/2044
    2,508,087   2,341,128
Series 4543, Class HG, CMO, REMIC, 2.70%, 4/15/2044
    4,488,453   4,170,595
Series 4792, Class A, CMO, REMIC, 3.00%, 5/15/2048
    2,700,125   2,381,472
Series 4998, Class KF, 30 day USD SOFR Average + 0.35%, 5.67%, 8/25/2050 (b)
    6,832,361   6,522,221
Series 5130, Class SD, CMO, IO, 30 day USD SOFR Average - 2.60%, 0.00%, 8/25/2051 (b)
    74,749,751   559,666
Series 5243, Class IB, 3.00%, 1/25/2051
    16,527,543   2,811,832
 
See accompanying notes to Schedule of Investments.
77
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Federal Home Loan Mortgage Corp. STACR REMICS Trust:          
Series 2021-HQA4, Class M2, CMO, 30 day USD SOFR Average + 2.35%, 7.67%, 12/25/2041 (a) (b)
    $5,000,000   $5,014,531
Series 2022-DNA2, Class M2, 30 day USD SOFR Average + 3.75%, 9.07%, 2/25/2042 (a) (b)
    9,500,000   9,985,686
Series 2022-DNA3, Class M1B, 30 day USD SOFR Average + 2.90%, 8.22%, 4/25/2042 (a) (b)
    20,000,000   20,657,422
Federal Home Loan Mortgage Corp. STRIPS Series 326, Class 300, CMO, 3.00%, 3/15/2044
    8,848,471   7,835,917
Federal National Mortgage Association:          
1.91%, 12/1/2031
    10,000,000   8,172,938
1.98%, 10/1/2033
    19,374,861   15,579,264
2.50%, 9/1/2046
    1,632,803   1,362,644
2.50%, 2/1/2047
    4,367,094   3,725,129
2.50%, 6/1/2050
    14,327,838   12,084,072
2.50%, 11/1/2050
    7,031,179   5,919,186
2.50%, 3/1/2051
    25,641,533   21,645,994
2.80%, 11/1/2039
    10,034,000   7,584,989
3.00%, 10/1/2041
    8,338,109   7,357,510
3.00%, 3/1/2043
    2,037,215   1,817,487
3.00%, 7/1/2043
    1,998,954   1,767,819
3.00%, 1/1/2045
    67,088   58,738
3.00%, 3/1/2045
    596,266   526,384
3.00%, 4/1/2045
    1,214,641   1,056,768
3.00%, 7/1/2045
    10,756,302   9,596,157
3.00%, 10/1/2046
    2,137,407   1,886,038
3.00%, 2/1/2047
    7,781,261   6,866,149
3.00%, 11/1/2048
    4,738,839   4,181,530
3.00%, 10/1/2049
    3,307,496   2,834,918
3.00%, 11/1/2051
    23,418,692   20,361,372
3.00%, 4/1/2053
    9,891,205   8,616,187
3.50%, 12/1/2034
    619,581   589,313
3.50%, 2/1/2035
    421,630   400,808
3.50%, 1/1/2045
    4,764,643   4,329,061
3.50%, 2/1/2045
    1,369,239   1,256,959
3.50%, 6/1/2045
    5,546,512   5,043,118
3.50%, 11/1/2051
    11,559,745   10,453,037
3.88%, 10/1/2030
    11,319,009   10,817,537
4.00%, 6/1/2052
    11,250,908   10,416,991
4.00%, 12/1/2052
    22,627,571   21,048,808
4.10%, 8/1/2032
    10,000,000   9,401,064
4.33%, 12/1/2032
    10,400,000   9,930,462

4.50%, 3/1/2044
    640,531   625,395
4.50%, 6/1/2044
    211,001   206,009
Security Description     Principal
Amount 		  Value
4.50%, 7/1/2044
    $266,124   $259,828
4.50%, 2/1/2045
    428,396   418,272
30 day USD SOFR Average + 2.28%, 4.55%, 3/1/2053 (b)
    18,968,247   18,350,482
5.00%, 9/1/2052
    8,221,615   8,034,475
5.00%, 12/1/2052
    11,145,207   10,882,867
5.13%, 11/1/2032
    13,371,000   13,471,484
3.00%, 6/1/2051
    14,373,935   12,489,498
Federal National Mortgage Association Connecticut Avenue Securities:          
Series 2022-R02, Class 2M2, CMO, 30 day USD SOFR Average + 3.00%, 8.32%, 1/25/2042 (a) (b)
    12,000,000   12,313,873
Series 2023-R02, Class 1M2, 30 day USD SOFR Average + 3.35%, 8.67%, 1/25/2043 (a) (b)
    13,500,000   14,216,602
Federal National Mortgage Association REMICS:          
Series 2010-109, Class N, CMO, REMIC, 3.00%, 10/25/2040
    921,231   856,493
Series 2011-51, Class CI, CMO, IO, REMIC, 30 day USD SOFR Average - 5.89%, 0.57%, 6/25/2041 (b)
    1,798,126   129,878
Series 2012-127, Class PA, CMO, REMIC, 2.75%, 11/25/2042
    1,350,546   1,232,152
Series 2012-148, Class VZ, 3.00%, 1/25/2043
    32,183,737   28,582,974
Series 2012-151, Class SB, CMO, REMIC, 30 day USD SOFR Average - 5.83%, 0.00%, 1/25/2043 (b)
    20,907   11,086
Series 2013-114, Class HZ, CMO, REMIC, 3.00%, 11/25/2038
    19,499,905   17,590,135
Series 2013-18, Class CD, CMO, REMIC, 1.50%, 10/25/2027
    409,035   399,628
Series 2013-30, Class PS, CMO, REMIC, 30 day USD SOFR Average - 5.83%, 0.00%, 4/25/2043 (b)
    611,451   386,840
Series 2014-21, Class GZ, CMO, REMIC, 3.00%, 4/25/2044
    3,395,868   2,972,596
Series 2014-39, Class ZA, CMO, REMIC, 3.00%, 7/25/2044
    4,086,646   3,598,882
 
See accompanying notes to Schedule of Investments.
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SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Series 2015-42, Class CA, CMO, REMIC, 3.00%, 3/25/2044
    $1,887,373   $1,755,404
Series 2016-32, Class LA, CMO, REMIC, 3.00%, 10/25/2044
    3,056,277   2,846,410
Series 2016-72, Class PA, CMO, REMIC, 3.00%, 7/25/2046
    3,418,440   3,022,088
Series 2016-81, Class PA, CMO, REMIC, 3.00%, 2/25/2044
    1,276,372   1,231,428
Series 2016-92, Class A, CMO, REMIC, 3.00%, 4/25/2042
    2,968,736   2,858,005
Series 2017-87, Class BA, CMO, REMIC, 3.00%, 12/25/2042
    252,852   251,018
Series 2020-1, Class LA, 4.00%, 2/25/2060
    12,839,665   10,876,248
Series 2020-47, Class GL, CMO, 2.00%, 5/25/2046
    8,121,853   6,961,022
Series 2021-29, Class BA, CMO, 1.25%, 5/25/2041
    8,356,640   7,228,954
Federal National Mortgage Association-Aces Series 2020-M12, 1.28%, 7/25/2029 (b)
    98,270,412   5,027,290
Government National Mortgage Association:          
2.50%, 3/20/2051
    8,363,989   7,051,858
3.00%, 2/20/2052
    22,188,953   19,365,951
Series 2021-143, IO, VRN, 0.97%, 10/16/2063 (b)
    82,449,873   5,190,582
Series 2021-40, IO, VRN, 0.82%, 2/16/2063 (b)
    71,437,296   4,064,261
Series 2021-57, Class AI, 2.00%, 2/20/2051
    8,314,392   930,000
Series 2021-60, IO, VRN, 0.83%, 5/16/2063 (b)
    55,524,442   3,186,025
Series 2021-79, IO, 0.88%, 8/16/2063 (b)
    79,971,719   4,884,251
Series 2021-80, IO, VRN, 0.90%, 12/16/2062 (b)
    87,241,108   5,398,767
Series 2021-85, IO, VRN, 0.68%, 3/16/2063 (b)
    99,058,876   5,257,404
Series 2021-99, IO, VRN, 0.59%, 5/16/2061 (b)
    41,092,373   1,968,549
Series 2022-91, 0.43%, 7/16/2064 (b)
    80,916,521   3,987,827
Government National Mortgage Association REMICS:          
Series 2013-34, Class PL, CMO, REMIC, 3.00%, 3/20/2042
    830,837   801,068
Security Description     Principal
Amount 		  Value
Series 2014-43, Class PS, CMO, IO, REMIC, 1 mo. USD Term SOFR - 6.07%, 0.74%, 7/20/2042 (b)
    $1,080,741   $18,126
Series 2020-116, Class HS, CMO, IO, 1 mo. USD Term SOFR - 6.09%, 0.76%, 8/20/2050 (b)
    6,719,791   798,250
Series 2020-173, Class SY, CMO, IO, 1 mo. USD Term SOFR - 6.19%, 0.86%, 11/20/2050 (b)
    24,466,145   3,084,612
Series 2020-173, Class TI, CMO, IO, 2.00%, 11/20/2050
    30,318,722   3,319,798
Series 2020-176, Class SL, CMO, IO, 1 mo. USD Term SOFR - 4.89%, 0.00%, 11/20/2050 (b)
    8,317,017   573,770
Series 2020-185, Class SE, CMO, IO, 1 mo. USD Term SOFR - 6.19%, 0.86%, 12/20/2050 (b)
    29,823,646   3,693,137
Series 2021-1, Class IH, 2.50%, 1/20/2051
    36,850,817   5,112,266
Series 2021-118, Class EI, 2.50%, 7/20/2051
    14,661,179   1,446,346
Series 2021-125, Class SN, CMO, IO, 1 mo. USD Term SOFR - 4.09%, 0.00%, 1/20/2051 (b)
    7,612,763   238,951
Series 2021-137, Class IQ, 3.00%, 8/20/2051
    20,383,121   3,282,902
Series 2021-196, Class IM, 3.00%, 11/20/2051
    27,097,432   4,364,937
Series 2021-196, Class UI, IO, 3.00%, 11/20/2051
    41,080,393   5,417,206
Series 2021-30, Class KI, 3.00%, 2/20/2051
    8,285,364   1,213,448
Series 2021-44, Class IQ, 3.00%, 3/20/2051
    15,283,511   2,473,021
Series 2021-8, Class KX, 3.00%, 1/20/2051
    10,614,891   1,698,276
Series 2022-180, 2.50%, 6/20/2051
    41,994,160   5,739,790
Series 2022-61, Class EI, 3.00%, 7/20/2051
    3,540,170   571,079
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS

(Cost $909,691,941)
        830,559,994
U.S. TREASURY OBLIGATIONS — 17.0%          
U.S. Treasury Bonds:          
4.25%, 2/15/2054
    242,000,000   238,180,937
 
See accompanying notes to Schedule of Investments.
79
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
4.75%, 11/15/2053
    $227,000,000   $242,464,375
TOTAL U.S. TREASURY OBLIGATIONS

(Cost $470,278,227)
        480,645,312
MORTGAGE-BACKED SECURITIES — 17.3%          
American Home Mortgage Investment Trust Series 2007-1, Class GA1C, 1 mo. USD Term SOFR + 0.30%, 5.63%, 5/25/2047 (b)
    5,063,400   2,703,618
Banc of America Funding Trust:          
Series 2006-8T2, Class A4, CMO, 6.33%, 10/25/2036 (f)
    1,565,302   1,339,572
Series 2007-5, Class CA1, CMO, 6.00%, 7/25/2037
    2,966,144   2,385,774
BBCMS Mortgage Trust:          
Series 2022-C18, Class XD, 2.15%, 12/15/2055 (a) (b)
    12,094,000   1,737,856
Series 2023-C19, Class A5, 5.45%, 4/15/2056
    1,700,000   1,748,107
BCAP LLC Trust Series 2010-RR4, Class 3212, CMO, 5.81%, 1/26/2037 (a) (b)
    5,286,037   3,966,534
BRAVO Residential Funding Trust:          
Series 2022-NQM3, Class A1, 5.11%, 7/25/2062 (a) (b)
    3,269,890   3,314,507
Series 2023-NQM4, Class A1, 6.44%, 5/25/2063 (a) (f)
    10,940,635   10,990,461
ChaseFlex Trust Series 2007-3, Class 1A2, CMO , IO, 1 mo. USD Term SOFR + 0.57%, 5.90%, 7/25/2037 (b)
    7,701,525   2,045,490
CHL Mortgage Pass-Through Trust:          
Series 2005-J2, Class 3A14, CMO, 5.50%, 8/25/2035
    643,696   484,231
Series 2007-10, Class A4, 5.50%, 7/25/2037
    3,443,591   1,542,166
Series 2007-12, Class A9, CMO, 5.75%, 8/25/2037
    2,092,236   1,221,908
Series 2007-3, Class A1, 6.00%, 4/25/2037
    2,897,713   1,471,826
Series 2007-HYB1, Class 2A1, CMO, 4.05%, 3/25/2037 (b)
    924,813   790,003
CIM Trust Series 2023-R4, Class A1, 5.00%, 5/25/2062 (a) (b)
    9,059,942   8,770,088
Security Description     Principal
Amount 		  Value
Citigroup Mortgage Loan Trust, Inc.:          
Series 2007-10, Class 2A2A, CMO, 4.50%, 9/25/2037 (b)
    $1,885,477   $1,531,576
Series 2007-AR4, Class 1A1A, CMO, 4.69%, 3/25/2037 (b)
    1,130,444   939,136
Series 2007-AR5, Class 1A2A, CMO, 4.91%, 4/25/2037 (b)
    465,197   404,283
Series 2021-JL1, Class A, 2.75%, 2/27/2062 (a) (b)
    685,355   644,753
CitiMortgage Alternative Loan Trust:          
Series 2007-A1, Class 1A7, CMO, 6.00%, 1/25/2037
    3,323,582   2,753,180
Series 2007-A3, Class 1A4, 5.75%, 3/25/2037
    2,657,506   2,124,025
COLT Mortgage Loan Trust:          
Series 2022-2, Class A1, 2.99%, 2/25/2067 (a) (f)
    15,218,526   13,735,153
Series 2022-3, Class M1, 4.22%, 2/25/2067 (a) (b)
    10,023,000   7,750,436
Series 2023-1, Class A1, 6.05%, 4/25/2068 (a) (f)
    8,310,848   8,272,826
COMM Mortgage Trust Series 2014-CR18, Class B, 4.46%, 7/15/2047 (b)
    1,829,000   1,805,550
Countrywide Alternative Loan Trust:          
Series 2005-21CB, Class A3, CMO, 5.25%, 6/25/2035
    1,508,561   1,143,436
Series 2005-54CB, Class 1A1, 1 mo. USD Term SOFR + 0.76%, 5.50%, 11/25/2035 (b)
    4,877,202   3,577,731
Series 2005-79CB, Class A4, CMO, 5.50%, 1/25/2036
    2,952,099   1,724,476
Series 2006-24CB, Class A9, CMO, 6.00%, 8/25/2036
    2,452,669   1,362,620
Series 2006-43CB, Class 1A12, CMO, 5.75%, 2/25/2037
    2,231,126   1,158,983
Series 2006-OA2, Class A1, CMO, 1 mo. USD Term SOFR + 0.53%, 5.86%, 5/20/2046 (b)
    1,611,027   1,374,194
Series 2007-16CB, Class 2A1, 1 mo. USD Term SOFR + 0.56%, 5.89%, 8/25/2037 (b)
    6,476,508   2,252,530
CSMC Mortgage-Backed Trust Series 2006-7, Class 7A7, CMO, 6.00%, 8/25/2036
    1,164,734   1,037,480
 
See accompanying notes to Schedule of Investments.
80
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CSMC Trust:          
Series 2021-JR2, Class A1, 2.22%, 11/25/2061 (a) (b)
    $4,869,983   $4,735,163
Series 2022-JR1, Class A1, 4.27%, 10/25/2066 (a) (f)
    7,011,811   6,887,173
CSMC Trust Capital Certificates Series 2021-RPL9, Class A1, 2.44%, 2/25/2061 (a) (b)
    4,689,274   4,529,201
Deephaven Residential Mortgage Trust Series 2022-2, Class A1, 4.30%, 3/25/2067 (a) (b)
    4,287,819   4,088,578
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2007-AR3, Class 1A4, 1 mo. USD Term SOFR + 0.75%, 6.08%, 6/25/2037 (b)
    3,168,356   2,623,407
Ellington Financial Mortgage Trust Series 2022-3, Class A1, 5.00%, 8/25/2067 (a) (f)
    5,374,937   5,279,205
Federal Home Loan Mortgage Corp. REMICS:          
Series 4341, Class AZ, 3.00%, 5/15/2044
    10,399,424   9,083,662
Series 4432, Class JZ, 3.00%, 1/15/2045
    4,079,845   3,486,681
Series 4795, Class ZM, 3.50%, 6/15/2048
    10,186,756   9,106,834
Series 5164, Class J, 2.50%, 5/25/2049
    20,406,142   17,444,603
Series 5202, Class KA, 2.50%, 6/25/2049
    9,256,047   8,043,299
Series 5202, Class NV, 3.00%, 1/25/2037
    7,469,759   6,705,951
Series 5226, Class DL, 3.50%, 12/15/2045
    10,784,002   9,201,526
Series 5319, 0.00%, 8/25/2050
    11,056,018   8,021,435
Federal National Mortgage Association REMICS:          
Series 2010-152, Class DE, 4.50%, 1/25/2041
    15,826,900   15,385,252
Series 2013-110, Class CO, 0.00%, 12/25/2039
    3,219,629   2,519,596
Series 2013-110, Class DO, 0.00%, 11/25/2043
    2,683,514   2,031,437
Series 2017-90, Class WF, 30 day USD SOFR Average + 0.46%, 5.78%, 11/25/2047 (b)
    7,218,179   7,003,114
Series 2018-91, Class PB, 4.00%, 12/25/2048
    6,434,400   5,843,656
Series 2021-57, Class EA, 1.00%, 5/25/2046
    6,550,915   5,165,002
Series 2021-86, Class MA, 2.50%, 11/25/2047
    10,903,760   9,537,767
Security Description     Principal
Amount 		  Value
Series 2021-9, Class CA, 2.00%, 3/25/2051
    $11,566,134   $9,473,547
Series 2023-36, 2.50%, 10/25/2052
    37,360,285   5,311,113
Series 2023-43, Class HO, 0.00%, 8/25/2049
    8,683,632   6,396,388
Federal National Mortgage Association-Aces Series 2022-M13, Class A1, 2.59%, 4/25/2032 (b)
    21,202,846   19,405,506
First Horizon Alternative Mortgage Securities Trust:          
Series 2007-FA4, Class 1A4, 6.25%, 8/25/2037
    2,700,867   1,087,663
Series 2007-FA4, Class 1A7, 6.00%, 8/25/2037
    1,890,919   735,075
Government National Mortgage Association REMICS:          
Series 2010-158, Class FA, 1 mo. USD Term SOFR + 0.56%, 5.89%, 12/20/2040 (b)
    3,162,415   3,107,995
Series 2016-99, Class LA, 2.00%, 11/20/2043
    8,530,547   7,068,795
Series 2018-42, Class ML, 3.50%, 3/20/2048
    7,615,943   6,919,409
Series 2018-91, Class FC, 1 mo. USD Term SOFR + 0.41%, 5.74%, 7/20/2048 (b)
    2,931,161   2,834,230
Series 2019-6, Class LA, 3.50%, 12/20/2048
    5,787,786   5,323,524
Series 2020-129, Class YI, 2.50%, 9/20/2050
    10,339,874   1,298,113
Series 2020-181, Class QI, 3.00%, 12/20/2050
    7,832,333   1,002,912
Series 2020-84, Class NT, 1.25%, 6/20/2050
    4,371,584   3,279,657
Series 2021-139, Class IP, 3.00%, 8/20/2051
    24,543,349   3,632,368
Series 2021-142, 3.00%, 8/20/2051
    21,738,686   3,495,947
GS Mortgage Securities Trust Series 2015-GS1, Class AS, 4.04%, 11/10/2048 (b)
    1,958,000   1,784,153
GSR Mortgage Loan Trust:          
Series 2006-OA1, Class 1A1, CMO, 1 mo. USD Term SOFR + 0.55%, 5.88%, 8/25/2046 (b)
    13,876,872   3,163,927
Series 2007-AR1, Class 2A1, 4.31%, 3/25/2047 (b)
    4,122,655   2,583,779
HOMES Trust Series 2023-NQM1, Class A1, 6.18%, 1/25/2068 (a) (f)
    6,164,333   6,153,185
 
See accompanying notes to Schedule of Investments.
81
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
IndyMac IMJA Mortgage Loan Trust Series 2007-A4, Class A1, CMO, 6.25%, 2/25/2038
    $21,630,565   $5,530,845
IndyMac INDX Mortgage Loan Trust Series 2006-AR3, Class 3A1B, CMO, 3.53%, 4/25/2036 (b)
    1,088,291   1,018,881
Legacy Mortgage Asset Trust Series 2020-SL1, Class M, 3.25%, 1/25/2060 (a) (b)
    8,630,932   8,421,533
Lehman XS Trust Series 2006-GP2, Class 1A4, 1 mo. USD Term SOFR + 0.77%, 6.10%, 6/25/2046 (b)
    5,590,924   3,920,745
Luminent Mortgage Trust Series 2007-1, Class 1A1, CMO, 1 mo. USD Term SOFR + 0.43%, 5.76%, 11/25/2036 (b)
    6,526,278   5,606,725
MFA Trust Series 2023-NQM3, Class A1, 6.62%, 7/25/2068 (a) (f)
    295,093   296,205
Morgan Stanley Resecuritization Trust Series 2014-R7, Class B2, CMO, 4.17%, 1/26/2051 (a) (b)
    15,003,103   13,842,529
Morgan Stanley Residential Mortgage Loan Trust Series 2020-RPL1, Class A1, CMO, VRN, 5.69%, 10/25/2060 (a) (b)
    608,876   588,327
NRPL Trust Series 2019-3A, Class A1, CMO, 7.00%, 7/25/2059 (a) (f)
    2,775,779   2,776,300
OBX Trust:          
Series 2023-NQM3, Class A1, 5.95%, 2/25/2063 (a) (f)
    56,585   56,346
Series 2023-NQM4, Class A1, 6.11%, 3/25/2063 (a) (f)
    507,184   508,043
PMT Credit Risk Transfer Trust Series 2019-2R, Class A, 1 mo. USD Term SOFR + 3.86%, 9.20%, 5/30/2025 (a) (b)
    1,110,079   1,110,625
PRPM LLC:          
Series 2020-6, Class A1, CMO, 5.36%, 11/25/2025 (a) (f)
    2,616,606   2,607,683
Series 2022-1, Class A1, 3.72%, 2/25/2027 (a) (f)
    13,250,646   12,870,127
Series 2022-5, Class A1, 6.90%, 9/27/2027 (a) (f)
    5,808,486   5,811,425
RBSGC Mortgage Loan Trust Series 2007-A, Class 2A2, 6.00%, 1/25/2037
    2,500,131   2,159,638
Security Description     Principal
Amount 		  Value
Residential Accredit Loans, Inc. Trust:          
Series 2005-QA7, Class A22, CMO, 5.09%, 7/25/2035 (b)
    $1,611,971   $1,540,080
Series 2005-QS13, Class 2A4, 5.75%, 9/25/2035
    2,973,391   2,493,389
Residential Asset Securitization Trust Series 2005-A16, Class A3, 6.00%, 2/25/2036
    3,015,043   1,234,876
Seasoned Credit Risk Transfer Trust:          
Series 2019-4, Class MV, 3.00%, 2/25/2059
    15,195,622   12,859,247
Series 2020-2, Class MT, CMO, 2.00%, 11/25/2059
    5,963,003   4,687,035
Series 2020-3, Class MT, CMO, 2.00%, 5/25/2060
    9,720,013   7,651,914
Structured Adjustable Rate Mortgage Loan Trust Series 2006-8, Class 4A3, CMO, 3.25%, 9/25/2036 (b)
    114,547   114,547
Structured Asset Mortgage Investments II Trust:          
Series 2004-AR3, Class M, CMO, 1 mo. USD Term SOFR + 0.79%, 6.12%, 7/19/2034 (b)
    822,313   809,249
Series 2007-AR3, Class 1A3, 1 mo. USD Term SOFR + 0.53%, 5.86%, 9/25/2047 (b)
    6,642,204   4,653,688
TBW Mortgage-Backed Trust Series 2006-6, Class A2B, 6.16%, 1/25/2037 (f)
    10,378,798   2,508,277
UBS Commercial Mortgage Trust Series 2018-C8, Class C, 4.68%, 2/15/2051 (b)
    1,969,000   1,760,094
Verus Securitization Trust:          
Series 2022-3, Class A1, 4.13%, 2/25/2067 (a) (f)
    15,842,376   14,841,964
Series 2023-3, Class A1, 5.93%, 3/25/2068 (a) (f)
    4,277,163   4,251,635
Series 2023-4, Class A1, 5.81%, 5/25/2068 (a) (f)
    9,333,092   9,266,035
Series 2023-INV1, Class A1, 6.00%, 2/25/2068 (a) (f)
    68,730   68,408
WaMu Mortgage Pass-Through Certificates Trust Series 2006-AR14, Class 1A5, 4.02%, 11/25/2036 (b)
    3,085,783   2,710,553
Washington Mutual Mortgage Pass-Through Certificates WMALT Trust:          
Series 2005-8, Class 2CB1, CMO, 5.50%, 10/25/2035
    614,222   591,126
 
See accompanying notes to Schedule of Investments.
82
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Series 2006-1, Class 4CB, 6.50%, 2/25/2036
    $4,519,813   $3,520,610
Series 2006-5, Class 3A2, CMO, 6.50%, 7/25/2036 (f)
    2,475,538   544,266
Series 2006-AR9, Class 2A, 12 mo. MTA + 0.84%, 5.93%, 11/25/2046 (b)
    2,712,337   2,054,137
Series 2007-2, Class 1A3, CMO, 6.00%, 4/25/2037
    3,524,253   2,827,027
Series 2007-HY1, Class A3A, CMO, 1 mo. USD Term SOFR + 0.57%, 5.90%, 2/25/2037 (b)
    3,851,505   2,806,030
Wells Fargo Mortgage-Backed Securities Trust Series 2007-AR4, Class A1, CMO, 5.79%, 8/25/2037 (b)
    591,193   577,318
TOTAL MORTGAGE-BACKED SECURITIES

(Cost $522,195,640)
        490,381,819
COMMERCIAL MORTGAGE BACKED SECURITIES — 3.4%          
BAMLL Commercial Mortgage Securities Trust Series 2018-DSNY, Class A, 1 mo. USD Term SOFR + 1.15%, 6.47%, 9/15/2034 (a) (b)
    720,000   719,899
Bank:          
Series 2017-BNK4, Class XA, IO, 1.34%, 5/15/2050 (b)
    24,265,209   765,187
Series 2017-BNK6, Class XA, IO, 0.77%, 7/15/2060 (b)
    47,544,917   1,028,330
Series 2021-BN35, Class XA, IO, VRN, 1.04%, 6/15/2064 (b)
    9,137,765   474,419
Benchmark Mortgage Trust:          
Series 2018-B2, Class C, VRN, 4.29%, 2/15/2051 (b)
    2,545,000   2,151,151
Series 2020-B19, Class XA, IO, VRN, 1.76%, 9/15/2053 (b)
    19,765,315   1,228,849
Series 2021-B24, Class XA, IO, VRN, 1.15%, 3/15/2054 (b)
    3,376,251   167,032
BX Commercial Mortgage Trust:          
Series 2020-VKNG, Class A, 1 mo. USD Term SOFR + 1.04%, 6.37%, 10/15/2037 (a) (b)
    1,473,360   1,470,014
Security Description     Principal
Amount 		  Value
Series 2021-VOLT, Class E, 1 mo. USD Term SOFR + 2.11%, 7.44%, 9/15/2036 (a) (b)
    $1,923,000   $1,897,381
Series 2021-XL2, Class E, 1 mo. USD Term SOFR + 1.96%, 7.29%, 10/15/2038 (a) (b)
    2,253,523   2,228,618
BX Trust Series 2019-OC11, Class E, 3.94%, 12/9/2041 (a) (b)
    3,830,000   3,299,796
CD Mortgage Trust Series 2017-CD4, Class XA, IO, 1.22%, 5/10/2050 (b)
    13,115,407   386,769
CFCRE Commercial Mortgage Trust Series 2016-C4, Class XA, IO, 1.60%, 5/10/2058 (b)
    9,501,587   215,010
Citigroup Commercial Mortgage Trust:          
Series 2015-GC27, Class C, VRN, 4.42%, 2/10/2048 (b)
    2,541,000   2,395,895
Series 2015-GC27, Class D, 4.42%, 2/10/2048 (a) (b)
    423,700   388,214
Series 2015-GC31, Class C, 4.03%, 6/10/2048 (b)
    1,500,000   1,186,179
Series 2015-GC33, Class C, 4.57%, 9/10/2058 (b)
    1,500,000   1,217,741
Series 2015-P1, Class A5, 3.72%, 9/15/2048
    2,106,000   2,048,064
Series 2016-C1, Class A4, 3.21%, 5/10/2049
    1,840,000   1,755,432
Series 2016-GC36, Class XA, IO, 1.21%, 2/10/2049 (b)
    19,029,374   326,379
Series 2020-555, Class E, 3.50%, 12/10/2041 (a) (b)
    2,047,000   1,688,750
COMM Mortgage Trust:          
Series 2013-CR12, Class XA, IO, 0.56%, 10/10/2046 (b)
    2,656,961   9,504
Series 2015-CR22, Class XA, IO, 0.81%, 3/10/2048 (b)
    7,031,610   35,887
Series 2015-CR26, Class XA, IO, 0.89%, 10/10/2048 (b)
    18,164,461   158,830
Series 2015-DC1, Class A5, 3.35%, 2/10/2048
    1,767,000   1,730,829
Series 2015-DC1, Class XA, IO, 0.93%, 2/10/2048 (b)
    5,358,727   31,010
Series 2016-DC2, Class XA, IO, 0.91%, 2/10/2049 (b)
    13,866,147   168,472
Series 2017-PANW, Class E, 3.81%, 10/10/2029 (a) (b)
    2,316,000   2,013,379
 
See accompanying notes to Schedule of Investments.
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SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CSAIL Commercial Mortgage Trust:          
Series 2015-C2, Class AS, 3.85%, 6/15/2057 (b)
    $900,000   $846,269
Series 2015-C4, Class XA, IO, 0.80%, 11/15/2048 (b)
    30,399,251   262,493
Series 2017-CX10, Class XA, IO, 0.75%, 11/15/2050 (b)
    54,564,697   1,020,275
Series 2019-C17, Class XA, IO, VRN, 1.32%, 9/15/2052 (b)
    28,915,321   1,493,694
CSMC Trust:          
Series 2017-TIME, Class A, 3.65%, 11/13/2039 (a)
    2,977,000   2,487,805
Series 2020-NET, Class A, 2.26%, 8/15/2037 (a)
    2,305,168   2,143,454
Series 2021-B33, Class A1, 3.05%, 10/10/2043 (a)
    632,000   578,885
Series 2021-B33, Class A2, 3.17%, 10/10/2043 (a)
    2,250,000   1,894,964
DOLP Trust Series 2021-NYC, Class E, VRN, 3.70%, 5/10/2041 (a) (b)
    1,000,000   670,860
Grace Trust Series 2020-GRCE, Class D, VRN, 2.68%, 12/10/2040 (a) (b)
    1,147,000   869,519
Great Wolf Trust:          
Series 2019-WOLF, Class E, 1 mo. USD Term SOFR + 3.05%, 8.37%, 12/15/2036 (a) (b)
    76,765   76,501
Series 2019-WOLF, Class F, 1 mo. USD Term SOFR + 3.45%, 8.77%, 12/15/2036 (a) (b)
    76,765   75,257
GS Mortgage Securities Corp. Trust:          
Series 2018-TWR, Class A, 1 mo. USD Term SOFR + 1.20%, 6.52%, 7/15/2031 (a) (b)
    283,000   242,387
Series 2018-TWR, Class D, 1 mo. USD Term SOFR + 1.90%, 7.22%, 7/15/2031 (a) (b)
    650,000   260,000
Series 2018-TWR, Class E, 1 mo. USD Term SOFR + 2.40%, 7.72%, 7/15/2031 (a) (b)
    650,000   195,000
Series 2018-TWR, Class F, 1 mo. USD Term SOFR + 3.10%, 8.42%, 7/15/2031 (a) (b)
    650,000   126,750
Series 2018-TWR, Class G, 1 mo. USD Term SOFR + 4.22%, 9.55%, 7/15/2031 (a) (b)
    650,000   26,000
Security Description     Principal
Amount 		  Value
GS Mortgage Securities Trust:          
Series 2014-GC24, Class XA, IO, 0.67%, 9/10/2047 (b)
    $22,024,152   $36,593
Series 2014-GC26, Class A5, 3.63%, 11/10/2047
    1,749,000   1,721,827
Series 2015-GC32, Class XA, IO, 0.68%, 7/10/2048 (b)
    19,896,444   129,842
Series 2015-GC34, Class A4, 3.51%, 10/10/2048
    1,880,000   1,796,761
Series 2015-GC34, Class XA, IO, 1.19%, 10/10/2048 (b)
    14,065,915   199,087
Series 2015-GS1, Class XA, IO, 0.75%, 11/10/2048 (b)
    24,571,882   234,620
Series 2016-GS3, Class XA, IO, 1.19%, 10/10/2049 (b)
    23,141,402   504,941
Series 2017-GS7, Class XA, IO, 1.08%, 8/10/2050 (b)
    38,347,071   995,751
IMT Trust Series 2017-APTS, Class AFX, 3.48%, 6/15/2034 (a)
    2,046,000   2,029,085
JP Morgan Chase Commercial Mortgage Securities Trust:          
Series 2014-C20, Class B, 4.40%, 7/15/2047 (b)
    3,000,000   2,984,443
Series 2015-JP1, Class XA, IO, 0.88%, 1/15/2049 (b)
    13,834,762   166,825
Series 2016-JP3, Class B, VRN, 3.40%, 8/15/2049 (b)
    2,899,000   2,468,926
Series 2022-NLP, Class A, 1 mo. USD Term SOFR + 0.60%, 5.92%, 4/15/2037 (a) (b)
    2,313,783   2,201,940
JPMBB Commercial Mortgage Securities Trust:          
Series 2014-C21, Class B, VRN, 4.34%, 8/15/2047 (b)
    1,055,000   1,007,544
Series 2014-C23, Class A4, 3.67%, 9/15/2047
    1,409,113   1,397,991
Series 2014-C25, Class XA, IO, 0.79%, 11/15/2047 (b)
    4,306,787   14,032
Series 2015-C28, Class XA, IO, 0.91%, 10/15/2048 (b)
    7,533,160   38,324
Series 2015-C30, Class XA, IO, 0.42%, 7/15/2048 (b)
    21,077,236   89,420
Series 2015-C31, Class A3, 3.80%, 8/15/2048
    876,109   850,281
 
See accompanying notes to Schedule of Investments.
84
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
JPMDB Commercial Mortgage Securities Trust Series 2016-C2, Class XA, IO, 1.48%, 6/15/2049 (b)
    $15,265,960   $332,088
LSTAR Commercial Mortgage Trust Series 2017-5, Class X, IO, 0.83%, 3/10/2050 (a) (b)
    32,689,330   488,075
Manhattan West Mortgage Trust:          
Series 2020-1MW, Class C, VRN, 2.34%, 9/10/2039 (a) (b)
    2,462,000   2,147,640
Series 2020-1MW, Class D, VRN, 2.34%, 9/10/2039 (a) (b)
    2,462,000   2,118,576
Med Trust Series 2021-MDLN, Class G, 1 mo. USD Term SOFR + 5.36%, 10.69%, 11/15/2038 (a) (b)
    2,850,321   2,845,115
Morgan Stanley Bank of America Merrill Lynch Trust:          
Series 2015-C20, Class C, 4.45%, 2/15/2048 (b)
    500,000   470,779
Series 2016-C28, Class XA, IO, 1.14%, 1/15/2049 (b)
    17,638,371   276,303
Series 2016-C30, Class XA, IO, 1.28%, 9/15/2049 (b)
    15,432,106   334,699
Series 2016-C31, Class C, 4.26%, 11/15/2049 (b)
    3,358,000   2,707,088
Morgan Stanley Capital I Trust:          
Series 2015-UBS8, Class XA, IO, 0.83%, 12/15/2048 (b)
    21,288,215   241,359
Series 2016-UB12, Class XA, IO, 0.65%, 12/15/2049 (b)
    46,293,269   611,732
Series 2016-UBS9, Class A4, 3.59%, 3/15/2049
    913,000   874,648
Series 2019-L3, Class XA, IO, 0.61%, 11/15/2052 (b)
    52,427,813   1,421,804
One New York Plaza Trust Series 2020-1NYP, Class C, 1 mo. USD Term SOFR + 2.31%, 7.64%, 1/15/2036 (a) (b)
    1,599,000   1,471,863
SG Commercial Mortgage Securities Trust Series 2016-C5, Class B, 3.93%, 10/10/2048
    450,000   405,020
SLG Office Trust:          
Series 2021-OVA, Class E, 2.85%, 7/15/2041 (a)
    1,989,000   1,508,777
Series 2021-OVA, Class F, 2.85%, 7/15/2041 (a)
    1,989,000   1,436,063
Security Description     Principal
Amount 		  Value
SREIT Trust Series 2021-MFP, Class D, 1 mo. USD Term SOFR + 1.69%, 7.02%, 11/15/2038 (a) (b)
    $2,740,455   $2,712,153
UBS Commercial Mortgage Trust:          
Series 2017-C1, Class XA, IO, 1.52%, 6/15/2050 (b)
    16,501,896   591,816
Series 2017-C4, Class XA, IO, 1.09%, 10/15/2050 (b)
    19,908,127   584,118
Velocity Commercial Capital Loan Trust Series 2020-1, Class M3, VRN, 3.19%, 2/25/2050 (a) (b)
    1,961,606   1,618,958
Waterfall Commercial Mortgage Trust Series 2015-SBC5, Class A, 4.10%, 9/14/2022 (a) (b)
    546,698   527,571
Wells Fargo Commercial Mortgage Trust:          
Series 2015-C26, Class XA, IO, 1.15%, 2/15/2048 (b)
    6,050,955   41,113
Series 2015-C27, Class A5, 3.45%, 2/15/2048
    3,836,000   3,741,854
Series 2015-C30, Class A4, 3.66%, 9/15/2058
    574,375   557,642
Series 2015-LC20, Class XA, IO, 1.27%, 4/15/2050 (b)
    6,042,416   48,631
Series 2015-NXS1, Class XA, IO, 1.06%, 5/15/2048 (b)
    6,114,393   40,183
Series 2015-NXS2, Class XA, IO, 0.58%, 7/15/2058 (b)
    20,375,880   114,382
Series 2015-P2, Class XA, IO, 0.92%, 12/15/2048 (b)
    13,695,580   157,590
Series 2016-BNK1, Class XB, IO, VRN, 1.32%, 8/15/2049 (b)
    19,849,000   502,819
Series 2016-C33, Class XA, IO, 1.56%, 3/15/2059 (b)
    10,278,394   230,718
Series 2017-C38, Class XA, IO, 0.93%, 7/15/2050 (b)
    33,078,742   761,081
Series 2017-RC1, Class XA, IO, 1.38%, 1/15/2060 (b)
    15,391,281   499,315
WFRBS Commercial Mortgage Trust Series 2014-C21, Class XA, IO, 0.97%, 8/15/2047 (b)
    11,088,575   17,612
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES

(Cost $154,292,897)
        95,764,551
    
 
See accompanying notes to Schedule of Investments.
85
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Security Description     Shares   Value
SHORT-TERM INVESTMENT — 4.7%          
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (i) (j)

(Cost $133,835,506)
    133,835,506   $133,835,506
TOTAL INVESTMENTS — 99.3%

(Cost $3,000,529,982)
        2,806,980,255
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.7%
        19,197,248
NET ASSETS — 100.0%
        $2,826,177,503
(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 24.0% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(b) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(c) Security is currently in default and/or issuer is in bankruptcy.
(d) Amount is less than 0.05% of net assets.
(e) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of March 31, 2024, total aggregate fair value of the securities is $276,138, representing less than 0.05% of the Fund's net assets.
(f) Step-up bond - Coupon rate increases in increments to maturity. Rate shown as of March 31, 2024. Maturity date shown is the final maturity.
(g) Non-income producing security.
(h) Position is unsettled. Contract rate was not determined at March 31, 2024 and does not take effect until settlement date. Maturity date is not finalized until settlement date.
(i) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(j) The rate shown is the annualized seven-day yield at March 31, 2024.
ABS Asset-Backed Security
CLO Collateralized Loan Obligation
CMO Collateralized Mortgage Obligation
CMT Constant Maturity Treasury
EMTN Euro Medium Term Note
GMTN Global Medium Term Note
IO Interest Only
MTN Medium Term Note
PIK Payment in Kind
PO Principal Only
REIT Real Estate Investment Trust
REMIC Real Estate Mortgage Investment Conduit
SOFR Secured Overnight Financing Rate
STRIPS Separate Trading of Registered Interest and Principal of Securities
VRN Variable Rate Note
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Corporate Bonds & Notes
  $—   $346,213,889   $193,311   $346,407,200
Asset-Backed Securities
  —   370,725,696   —   370,725,696
Foreign Government Obligations
  —   5,591,473   —   5,591,473
U.S. Government Agency Obligations
  —   830,559,994   —   830,559,994
U.S. Treasury Obligations
  —   480,645,312   —   480,645,312
Mortgage-Backed Securities
  —   490,381,819   —   490,381,819
Commercial Mortgage Backed Securities
  —   95,764,551   —   95,764,551
Common Stocks
  —   —   82,827   82,827
Senior Floating Rate Loans
  —   52,985,015   —   52,985,015
Warrants
  —   862   —   862
Short-Term Investment
  133,835,506   —   —   133,835,506
TOTAL INVESTMENTS
  $133,835,506   $2,672,868,611   $276,138   $2,806,980,255
See accompanying notes to Schedule of Investments.
86
SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
State Street Institutional U.S. Government Money Market Fund, Class G Shares
30,238,919   $30,238,919   $924,092,920   $820,496,333   $—   $—   133,835,506   $133,835,506   $1,924,351
See accompanying notes to Schedule of Investments.
87
SPDR DOUBLELINE EMERGING MARKETS FIXED INCOME ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CORPORATE BONDS & NOTES — 90.4%      
AUSTRALIA — 0.2%      
AngloGold Ashanti Holdings PLC 3.75%, 10/1/2030
    $200,000   $174,262
BRAZIL — 11.6%      
Banco do Brasil SA 10 yr. CMT + 4.40%, 6.25%, 10/15/2024 (a)
    1,100,000   1,105,797
Braskem Netherlands Finance BV 7.25%, 2/13/2033
    1,200,000   1,154,484
CSN Resources SA 5.88%, 4/8/2032
    400,000   349,960
Guara Norte SARL 5.20%, 6/15/2034
    2,321,901   2,115,298
Itau Unibanco Holding SA 5 yr. CMT + 3.22%, 4.63%, 2/27/2025 (a)
    200,000   187,624
Minerva Luxembourg SA 8.88%, 9/13/2033
    200,000   210,266
MV24 Capital BV 6.75%, 6/1/2034
    322,544   302,004
Nexa Resources SA 5.38%, 5/4/2027
    1,977,000   1,928,129
Prumo Participacoes e Investimentos SA 7.50%, 12/31/2031
    629,489   627,985
Simpar Europe SA 5.20%, 1/26/2031
    200,000   174,826
Suzano International Finance BV 4.00%, 1/14/2025
    1,350,000   1,329,183
Unigel Luxembourg SA 8.75%, 10/1/2026 (b)
    200,000   64,862
          9,550,418
CHILE — 8.5%      
Agrosuper SA 4.60%, 1/20/2032
    1,350,000   1,158,286
CAP SA 3.90%, 4/27/2031 (c)
    2,100,000   1,648,500
Chile Electricity PEC SpA Zero Coupon, 1/25/2028 (c)
    2,475,705   1,939,987
Empresa Electrica Angamos SA 4.88%, 5/25/2029
    95,600   86,104
Empresa Electrica Cochrane SpA 5.50%, 5/14/2027
    943,740   916,381
GNL Quintero SA 4.63%, 7/31/2029
    647,200   631,124
Mercury Chile Holdco LLC 6.50%, 1/24/2027 (c)
    600,000   582,264
          6,962,646
COLOMBIA — 9.3%      
AI Candelaria Spain SA:          
5.75%, 6/15/2033 (c)
    1,975,000   1,602,495
7.50%, 12/15/2028
    206,250   201,481
Banco Davivienda SA 10 yr. CMT + 5.10%, 6.65%, 4/22/2031 (a) (c)
    400,000   281,452
Bancolombia SA 5 yr. CMT + 2.94%, 4.63%, 12/18/2029 (a)
    400,000   390,088
Security Description     Principal
Amount 		  Value
Canacol Energy Ltd. 5.75%, 11/24/2028
    $1,100,000   $488,895
Ecopetrol SA:          
4.63%, 11/2/2031
    1,500,000   1,247,970
5.88%, 5/28/2045
    100,000   74,582
5.88%, 11/2/2051
    250,000   179,463
Empresas Publicas de Medellin ESP:          
4.25%, 7/18/2029
    1,500,000   1,300,290
4.38%, 2/15/2031
    500,000   413,530
Fideicomiso PA Pacifico Tres 8.25%, 1/15/2035
    171,860   163,693
Geopark Ltd. 5.50%, 1/17/2027
    500,000   454,495
Oleoducto Central SA 4.00%, 7/14/2027
    950,000   883,956
          7,682,390
GUATEMALA — 0.2%      
Banco Industrial SA 5 yr. CMT + 4.44%, 4.88%, 1/29/2031 (a)
    200,000   189,994
INDIA — 8.1%      
Adani Electricity Mumbai Ltd. 3.95%, 2/12/2030
    611,000   519,535
Adani International Container Terminal Pvt Ltd. 3.00%, 2/16/2031 (c)
    1,242,500   1,058,037
Adani Ports & Special Economic Zone Ltd.:          
3.10%, 2/2/2031
    1,000,000   796,690
4.20%, 8/4/2027
    200,000   184,576
4.38%, 7/3/2029
    700,000   623,063
Adani Transmission Step-One Ltd.:          
4.00%, 8/3/2026
    1,200,000   1,127,991
4.25%, 5/21/2036
    471,000   399,296
Reliance Industries Ltd.:          
3.67%, 11/30/2027
    500,000   473,395
4.13%, 1/28/2025
    250,000   246,750
UPL Corp. Ltd.:          
4.50%, 3/8/2028
    200,000   170,969
4.63%, 6/16/2030
    900,000   718,506
Vedanta Resources Ltd. 13.88%, 12/9/2028
    376,000   329,162
          6,647,970
INDONESIA — 10.1%      
Adaro Indonesia PT 4.25%, 10/31/2024
    750,000   739,343
Freeport Indonesia PT:          
4.76%, 4/14/2027
    900,000   878,409
5.32%, 4/14/2032 (c)
    1,200,000   1,171,344
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT:          
4.75%, 5/15/2025
    1,400,000   1,382,962
5.45%, 5/15/2030
    363,000   358,404
 
See accompanying notes to Schedule of Investments.
88
SPDR DOUBLELINE EMERGING MARKETS FIXED INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
LLPL Capital Pte. Ltd. 6.88%, 2/4/2039 (c)
    1,625,820   $1,614,943
Minejesa Capital BV 5.63%, 8/10/2037
    $2,400,000   2,166,720
          8,312,125
JAMAICA — 0.0% (d)      
Digicel Group Holdings Ltd. Series 2A, Zero Coupon, 12/31/2030 (c)
    100,384   13,381
KUWAIT — 1.2%      
MEGlobal Canada ULC 5.00%, 5/18/2025
    1,000,000   986,580
MEXICO — 11.2%      
Banco Mercantil del Norte SA 10 yr. CMT + 5.47%, 7.50%, 6/27/2029 (a)
    800,000   792,464
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand 5 yr. CMT + 3.00%, 7.53%, 10/1/2028 (a)
    500,000   521,515
BBVA Bancomer SA:          
5 yr. CMT + 4.66%, 8.45%, 6/29/2038 (a)
    202,000   212,983
5 yr. CMT + 4.31%, 5.88%, 9/13/2034 (a)
    1,870,000   1,763,728
Braskem Idesa SAPI 6.99%, 2/20/2032
    200,000   155,130
Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy 7.88%, 2/15/2039 (c)
    700,000   757,925
Cemex SAB de CV 5 yr. CMT + 4.53%, 5.13%, 6/8/2026 (a)
    800,000   771,760
Cometa Energia SA de CV 6.38%, 4/24/2035
    401,000   401,433
Comision Federal de Electricidad 3.35%, 2/9/2031
    600,000   498,384
Fermaca Enterprises S de Real de CV 6.38%, 3/30/2038
    375,738   364,158
Mexarrend SAPI de CV 10.25%, 7/24/2024 (c)
    300,000   58,659
Mexico Generadora de Energia S de Real 5.50%, 12/6/2032
    1,749,708   1,711,302
Petroleos Mexicanos 6.75%, 9/21/2047
    650,000   432,796
Southern Copper Corp. 3.88%, 4/23/2025
    100,000   98,032
Tierra Mojada Luxembourg II SARL 5.75%, 12/1/2040
    723,736   662,413
Unifin Financiera SAB de CV 5 yr. CMT + 6.31%, 8.88%, 1/29/2025 (a) (b)
    800,000   72
          9,202,754
Security Description     Principal
Amount 		  Value
PANAMA — 1.8%      
Empresa de Transmision Electrica SA 5.13%, 5/2/2049
    $246,000   $177,644
Global Bank Corp. 3 mo. USD Term SOFR + 3.30%, 5.25%, 4/16/2029 (a)
    800,000   737,024
UEP Penonome II SA 6.50%, 10/1/2038 (c)
    695,536   543,930
          1,458,598
PARAGUAY — 0.9%      
Bioceanico Sovereign Certificate Ltd. Zero Coupon, 6/5/2034
    390,483   285,639
Frigorifico Concepcion SA 7.70%, 7/21/2028
    200,000   174,390
Rutas 2 & 7 Finance Ltd. Zero Coupon, 9/30/2036
    416,666   283,708
          743,737
PERU — 12.5%      
Banco de Credito del Peru SA:          
5.85%, 1/11/2029 (c)
    200,000   202,174
5 yr. CMT + 2.45%, 3.25%, 9/30/2031 (a)
    850,000   786,624
5 yr. CMT + 3.00%, 3.13%, 7/1/2030 (a)
    1,300,000   1,246,414
Banco Internacional del Peru SAA Interbank 5 yr. CMT + 3.71%, 4.00%, 7/8/2030 (a)
    1,900,000   1,823,981
Cia de Minas Buenaventura SAA 5.50%, 7/23/2026
    400,000   384,792
Fenix Power Peru SA 4.32%, 9/20/2027
    692,353   663,323
Inkia Energy Ltd. 5.88%, 11/9/2027
    400,000   390,180
InRetail Consumer 3.25%, 3/22/2028
    500,000   446,700
InRetail Shopping Malls 5.75%, 4/3/2028
    250,000   242,577
Intercorp Financial Services, Inc. 4.13%, 10/19/2027
    819,000   766,281
Kallpa Generacion SA 4.13%, 8/16/2027
    500,000   474,480
Lima Metro Line 2 Finance Ltd. 5.88%, 7/5/2034
    1,000,172   990,581
Minsur SA 4.50%, 10/28/2031
    1,300,000   1,137,097
Orazul Energy Peru SA 5.63%, 4/28/2027
    252,000   238,944
Petroleos del Peru SA:          
4.75%, 6/19/2032
    500,000   392,135
5.63%, 6/19/2047
    200,000   133,064
          10,319,347
SINGAPORE — 6.5%      
DBS Group Holdings Ltd. Series GMTN, 5 yr. CMT + 1.10%, 1.82%, 3/10/2031 (a)
    1,550,000   1,442,154
 
See accompanying notes to Schedule of Investments.
89
SPDR DOUBLELINE EMERGING MARKETS FIXED INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Oversea-Chinese Banking Corp. Ltd. 5 yr. CMT + 1.58%, 1.83%, 9/10/2030 (a),(a) (c)
    2,100,000   $1,986,075
United Overseas Bank Ltd.:          
5 yr. CMT + 1.23%, 2.00%, 10/14/2031 (a)
    $1,200,000   1,098,732
Series GMTN, 5 yr. CMT + 1.52%, 1.75%, 3/16/2031 (a)
    900,000   835,043
          5,362,004
SOUTH AFRICA — 3.3%      
Gold Fields Orogen Holdings BVI Ltd. 5.13%, 5/15/2024
    1,650,000   1,644,779
Sasol Financing USA LLC 5.50%, 3/18/2031
    1,300,000   1,095,315
          2,740,094
SOUTH KOREA — 0.8%      
KT Corp. 2.50%, 7/18/2026
    400,000   375,904
Shinhan Financial Group Co. Ltd. 5 yr. CMT + 2.06%, 2.88%, 5/12/2026 (a) (c)
    300,000   278,811
          654,715
UNITED STATES — 4.2%      
Freeport-McMoRan, Inc.:          
4.38%, 8/1/2028
    700,000   674,226
4.63%, 8/1/2030
    1,300,000   1,250,054
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. 3.00%, 2/2/2029
    1,700,000   1,504,993
          3,429,273
TOTAL CORPORATE BONDS & NOTES

(Cost $77,459,267)
  74,430,288  
FOREIGN GOVERNMENT OBLIGATIONS — 8.1%      
COLOMBIA — 1.3%      
Colombia Government International Bonds:          
4.13%, 5/15/2051
    950,000   591,496
5.00%, 6/15/2045
    700,000   508,563
          1,100,059
MEXICO — 3.0%      
Mexico Government International Bonds:          
2.66%, 5/24/2031
    1,000,000   834,906
4.40%, 2/12/2052
    1,100,000   842,143
6.34%, 5/4/2053
    800,000   790,682
          2,467,731
PANAMA — 2.7%      
Banco Latinoamericano de Comercio Exterior SA 2.38%, 9/14/2025
    400,000   378,984
Security Description     Principal
Amount 		  Value
Panama Government International Bonds:          
2.25%, 9/29/2032
    $300,000   $215,114
3.87%, 7/23/2060
    2,100,000   1,207,163
4.30%, 4/29/2053
    600,000   386,104
          2,187,365
SOUTH KOREA — 1.1%      
Korea East-West Power Co. Ltd. 1.75%, 5/6/2025
    900,000   865,332
TOTAL FOREIGN GOVERNMENT OBLIGATIONS

(Cost $8,861,567)
  6,620,487  
    Shares  
SHORT-TERM INVESTMENT — 0.2%  
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (e) (f)

(Cost $155,554)
155,554 155,554
TOTAL INVESTMENTS — 98.7%

(Cost $86,476,388)
81,206,329
OTHER ASSETS IN EXCESS OF

LIABILITIES — 1.3%
1,100,431
NET ASSETS — 100.0%
$82,306,760
(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(b) Security is currently in default and/or issuer is in bankruptcy.
(c) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 8.5% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d) Amount is less than 0.05% of net assets.
(e) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(f) The rate shown is the annualized seven-day yield at March 31, 2024.
CMT Constant Maturity Treasury
GMTN Global Medium Term Note
SOFR Secured Overnight Financing Rate
 
See accompanying notes to Schedule of Investments.
90
SPDR DOUBLELINE EMERGING MARKETS FIXED INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Corporate Bonds & Notes
  $—   $74,416,907   $13,381   $74,430,288
Foreign Government Obligations
  —   6,620,487   —   6,620,487
Short-Term Investment
  155,554   —   —   155,554
TOTAL INVESTMENTS
  $155,554   $81,037,394   $13,381   $81,206,329
See accompanying notes to Schedule of Investments.
91
SPDR DOUBLELINE EMERGING MARKETS FIXED INCOME ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Industry Breakdown as of March 31, 2024

   
    % of Net Assets
  Electric 20.7%
  Banks 19.3
  Mining 13.9
  Foreign Government Obligations 8.1
  Chemicals 5.3
  Oil & Gas 5.0
  Commercial Services 4.5
  Pipelines 4.5
  Food 3.5
  Oil & Gas Services 2.6
  Iron/Steel 2.4
  Transportation 1.8
  Forest Products & Paper 1.6
  Diversified Financial Services 1.0
  Construction Materials 0.9
  Coal 0.9
  Energy-Alternate Sources 0.7
  Retail 0.5
  Telecommunications 0.5
  Engineering & Construction 0.3
  Real Estate 0.3
  Agriculture 0.2
  Short-Term Investment 0.2
  Other Assets in Excess of Liabilities 1.3
  TOTAL 100.0%
(The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.)
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
State Street Institutional U.S. Government Money Market Fund, Class G Shares
2,452,803   $2,452,803   $27,181,269   $29,478,518   $—   $—   155,554   $155,554   $58,437
See accompanying notes to Schedule of Investments.
92
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CORPORATE BONDS & NOTES — 16.0%          
AEROSPACE & DEFENSE — 0.2%   
Boeing Co.

4.88%, 5/1/2025
    $405,000   $400,508
AUTO MANUFACTURERS — 0.5%   
Ford Motor Co.

4.35%, 12/8/2026
    405,000   394,478
General Motors Financial Co., Inc.

5.25%, 3/1/2026
    395,000   394,001
          788,479
BANKS — 3.8%   
Banco Bilbao Vizcaya Argentaria Colombia SA

4.88%, 4/21/2025
    200,000   196,438
Banco de Bogota SA

6.25%, 5/12/2026
    200,000   199,348
Banco de Credito del Peru SA

5 yr. CMT + 3.00%, 3.13%, 7/1/2030 (a)
    150,000   143,817
Banco Industrial SA

5 yr. CMT + 4.44%, 4.88%, 1/29/2031 (a)
    150,000   142,496
Banco Internacional del Peru SAA Interbank

5 yr. CMT + 3.71%, 4.00%, 7/8/2030 (a)
    150,000   143,998
Banco Nacional de Comercio Exterior SNC

5 yr. CMT + 2.00%, 2.72%, 8/11/2031 (a)
    200,000   178,080
Bank of Montreal

Series MTN, 1.50%, 1/10/2025
    425,000   412,437
Bank of Nova Scotia

4.75%, 2/2/2026
    405,000   402,173
BBVA Bancomer SA

5 yr. CMT + 3.00%, 5.35%, 11/12/2029 (a)
    200,000   197,756
Citigroup, Inc.:          
SOFR + 1.53%, 3.29%, 3/17/2026 (a)
    95,000   92,859
3 mo. USD Term SOFR + 1.16%, 3.35%, 4/24/2025 (a)
    525,000   524,092
Commonwealth Bank of Australia

SOFR + 0.63%, 5.99%, 9/12/2025 (a) (b)
    350,000   350,983
DBS Group Holdings Ltd.

Series GMTN, 5 yr. CMT + 1.10%, 1.82%, 3/10/2031 (a)
    200,000   186,084
Global Bank Corp.

3 mo. USD Term SOFR + 3.30%, 5.25%, 4/16/2029 (a)
    200,000   184,256
Security Description     Principal
Amount 		  Value
Goldman Sachs Bank USA

SOFR + 0.77%, 6.13%, 3/18/2027 (a)
    $260,000   $259,914
JPMorgan Chase & Co.:          
SOFR + 0.49%, 0.77%, 8/9/2025 (a)
    185,000   181,557
3 mo. USD Term SOFR + 0.54%, 0.82%, 6/1/2025 (a)
    40,000   39,648
3.90%, 7/15/2025
    400,000   393,580
Morgan Stanley

Series GMTN, 3.88%, 1/27/2026
    405,000   395,669
Multibank, Inc.

7.75%, 2/3/2028 (b)
    200,000   201,294
Oversea-Chinese Banking Corp. Ltd.

5 yr. CMT + 1.58%, 1.83%, 9/10/2030 (a)
    200,000   189,150
PNC Financial Services Group, Inc.

SOFR + 1.32%, 5.81%, 6/12/2026 (a)
    190,000   190,688
Toronto-Dominion Bank

Series MTN, 0.70%, 9/10/2024
    415,000   406,268
Truist Financial Corp.

Series MTN, SOFR + 1.46%, 4.26%, 7/28/2026 (a)
    410,000   403,276
Wells Fargo & Co.

Series MTN, 3 mo. USD Term SOFR + 1.09%, 2.41%, 10/30/2025 (a)
    405,000   397,313
          6,413,174
BEVERAGES — 0.2%   
Constellation Brands, Inc.

5.00%, 2/2/2026
    405,000   402,538
BIOTECHNOLOGY — 0.5%   
Amgen, Inc.

5.51%, 3/2/2026
    395,000   394,822
Royalty Pharma PLC

1.75%, 9/2/2027
    455,000   406,311
          801,133
CHEMICALS — 0.3%   
Braskem Netherlands Finance BV

5 yr. CMT + 8.22%, 8.50%, 1/23/2081 (a)
    200,000   200,824
Sasol Financing USA LLC

4.38%, 9/18/2026
    200,000   188,276
Sociedad Quimica y Minera de Chile SA

4.38%, 1/28/2025
    200,000   197,372
          586,472
 
See accompanying notes to Schedule of Investments.
93
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
COMMERCIAL SERVICES — 0.3%   
Adani International Container Terminal Pvt Ltd.

3.00%, 2/16/2031
    $177,500   $151,196
Adani Ports & Special Economic Zone Ltd.

4.00%, 7/30/2027
    200,000   183,327
Prumo Participacoes e Investimentos SA

7.50%, 12/31/2031
    157,372   156,996
          491,519
CONSTRUCTION MATERIALS — 0.2%   
Carrier Global Corp.

5.80%, 11/30/2025
    275,000   276,826
DIVERSIFIED FINANCIAL SERVICES — 0.5%   
American Express Co.

SOFR + 1.00%, 6.35%, 2/16/2028 (a)
    400,000   401,248
Avolon Holdings Funding Ltd.

2.13%, 2/21/2026 (b)
    440,000   410,296
          811,544
ELECTRIC — 1.6%   
Algonquin Power & Utilities Corp.

5.37%, 6/15/2026 (c)
    65,000   64,657
American Electric Power Co., Inc.

5.20%, 1/15/2029
    405,000   405,927
Chile Electricity PEC SpA

Zero Coupon, 1/25/2028
    197,907   155,082
Empresa Electrica Angamos SA

4.88%, 5/25/2029
    95,600   86,104
Entergy Louisiana LLC

0.95%, 10/1/2024
    415,000   405,654
Exelon Corp.

5.15%, 3/15/2029
    200,000   200,570
Fenix Power Peru SA

4.32%, 9/20/2027
    251,765   241,208
LLPL Capital Pte. Ltd.

6.88%, 2/4/2039
    154,840   153,804
Mexico Generadora de Energia S de Real

5.50%, 12/6/2032
    126,424   123,649
Minejesa Capital BV

4.63%, 8/10/2030
    185,960   176,166
Pacific Gas & Electric Co.:          
2.10%, 8/1/2027
    205,000   184,603
4.95%, 6/8/2025
    225,000   223,074
TNB Global Ventures Capital Bhd.

Series EMTN, 3.24%, 10/19/2026
    300,000   285,072
          2,705,570
Security Description     Principal
Amount 		  Value
ENGINEERING & CONSTRUCTION — 0.1%   
Bioceanico Sovereign Certificate Ltd.

Zero Coupon, 6/5/2034
    $130,161   $95,213
ENVIRONMENTAL CONTROL — 0.5%   
Republic Services, Inc.

2.50%, 8/15/2024
    410,000   405,236
Veralto Corp.

5.50%, 9/18/2026 (b)
    400,000   401,480
          806,716
FOOD — 0.2%   
BRF GmbH

4.35%, 9/29/2026
    200,000   190,598
Campbell Soup Co.

5.20%, 3/19/2027
    165,000   165,419
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.

3.00%, 2/2/2029
    50,000   44,265
          400,282
FOREST PRODUCTS & PAPER — 0.1%   
Suzano International Finance BV

4.00%, 1/14/2025
    100,000   98,458
HEALTH CARE PRODUCTS — 0.2%   
Zimmer Biomet Holdings, Inc.

1.45%, 11/22/2024
    410,000   399,041
HEALTH CARE SERVICES — 0.5%   
Elevance Health, Inc.

3.50%, 8/15/2024
    410,000   406,679
HCA, Inc.

5.38%, 2/1/2025
    410,000   408,885
          815,564
INSURANCE — 0.2%   
Athene Global Funding:          
1.72%, 1/7/2025 (b)
    100,000   96,947
SOFR + 0.70%, 6.06%, 5/24/2024 (a) (b)
    305,000   305,192
          402,139
INTERNET — 0.2%   
Expedia Group, Inc.

6.25%, 5/1/2025 (b)
    395,000   396,860
LODGING — 0.2%   
Marriott International, Inc.:          
3.60%, 4/15/2024
    295,000   294,740
5.00%, 10/15/2027
    100,000   99,750
          394,490
MACHINERY-DIVERSIFIED — 0.1%   
AGCO Corp.

5.45%, 3/21/2027
    100,000   100,465
MINING — 0.8%   
AngloGold Ashanti Holdings PLC

3.38%, 11/1/2028
    200,000   180,038
 
See accompanying notes to Schedule of Investments.
94
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Freeport-McMoRan, Inc.

4.13%, 3/1/2028
    $50,000   $47,823
Glencore Funding LLC:          
1.63%, 9/1/2025 (b)
    420,000   397,585
SOFR + 1.06%, 6.43%, 4/4/2027 (a) (b)
    325,000   324,776
Gold Fields Orogen Holdings BVI Ltd.

5.13%, 5/15/2024
    200,000   199,367
Industrias Penoles SAB de CV

4.15%, 9/12/2029
    200,000   186,010
Southern Copper Corp.

3.88%, 4/23/2025
    100,000   98,032
          1,433,631
MISCELLANEOUS MANUFACTURER — 0.2%   
Parker-Hannifin Corp.

3.65%, 6/15/2024
    405,000   403,206
OIL & GAS — 0.4%   
BP Capital Markets America, Inc.

4.70%, 4/10/2029
    395,000   394,111
ONGC Videsh Ltd.

4.63%, 7/15/2024
    200,000   199,148
Petrobras Global Finance BV

7.38%, 1/17/2027
    70,000   72,770
          666,029
OIL & GAS SERVICES — 0.1%   
Guara Norte SARL

5.20%, 6/15/2034
    171,358   156,111
PACKAGING & CONTAINERS — 0.1%   
Packaging Corp. of America

3.65%, 9/15/2024
    200,000   197,962
PHARMACEUTICALS — 0.1%   
Bristol-Myers Squibb Co.

SOFR + 0.49%, 5.84%, 2/20/2026 (a)
    220,000   220,561
PIPELINES — 0.9%   
AI Candelaria Spain SA

7.50%, 12/15/2028
    206,250   201,481
Enbridge, Inc.

5.90%, 11/15/2026
    395,000   402,272
Energy Transfer LP

6.05%, 12/1/2026
    385,000   392,981
GNL Quintero SA

4.63%, 7/31/2029
    258,880   252,450
Transportadora de Gas del Peru SA

4.25%, 4/30/2028
    200,000   194,200
          1,443,384
REAL ESTATE INVESTMENT TRUSTS — 0.5%   
VICI Properties LP/VICI Note Co., Inc.

4.25%, 12/1/2026 (b)
    430,000   413,703
Security Description     Principal
Amount 		  Value
Welltower OP LLC

4.00%, 6/1/2025
    $420,000   $412,902
          826,605
RETAIL — 0.2%   
Dollar Tree, Inc.

4.00%, 5/15/2025
    410,000   403,206
SEMICONDUCTORS — 0.7%   
Broadcom Corp./Broadcom Cayman Finance Ltd.

3.88%, 1/15/2027
    35,000   33,911
Broadcom, Inc.

3.15%, 11/15/2025
    420,000   406,401
Microchip Technology, Inc.:          
0.98%, 9/1/2024
    270,000   264,489
4.25%, 9/1/2025
    140,000   137,805
NXP BV/NXP Funding LLC/NXP USA, Inc.

4.40%, 6/1/2027
    420,000   411,999
          1,254,605
SOFTWARE — 0.5%   
Oracle Corp.

5.80%, 11/10/2025
    390,000   393,143
Take-Two Interactive Software, Inc.

4.95%, 3/28/2028
    405,000   403,546
          796,689
TELECOMMUNICATIONS — 0.3%   
KT Corp.

2.50%, 7/18/2026
    200,000   187,952
Millicom International Cellular SA

5.13%, 1/15/2028
    180,000   170,870
Telefonica Celular del Paraguay SA

5.88%, 4/15/2027
    200,000   194,900
          553,722
TRANSPORTATION — 0.6%   
Canadian Pacific Railway Co.

1.35%, 12/2/2024
    410,000   398,708
Lima Metro Line 2 Finance Ltd.

5.88%, 7/5/2034
    87,351   86,514
MV24 Capital BV

6.75%, 6/1/2034
    161,272   151,002
Ryder System, Inc.

Series MTN, 5.25%, 6/1/2028
    400,000   401,860
          1,038,084
TRUCKING & LEASING — 0.2%   
Penske Truck Leasing Co. LP/PTL Finance Corp.

4.40%, 7/1/2027 (b)
    415,000   404,214
TOTAL CORPORATE BONDS & NOTES

(Cost $27,446,147)
        27,385,000
 
See accompanying notes to Schedule of Investments.
95
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
ASSET-BACKED SECURITIES — 24.3%          
AUTOMOBILE — 2.3%          
Carvana Auto Receivables Trust

Series 2023-P5, Class A2, 5.77%, 4/12/2027 (b)
    $600,000   $600,091
Citizens Auto Receivables Trust

Series 2023-2, Class A2A, 6.09%, 10/15/2026 (b)
    240,426   240,922
CPS Auto Receivables Trust

Series 2021-A, Class D, 1.16%, 12/15/2026 (b)
    354,148   346,029
Exeter Automobile Receivables Trust

Series 2023-5A, Class A2, 6.20%, 4/15/2026
    441,590   442,193
GLS Auto Receivables Issuer Trust:          
Series 2021-2A, Class C, 1.08%, 6/15/2026 (b)
    181,019   179,464
Series 2023-4A, Class A2, 6.40%, 12/15/2026 (b)
    500,000   501,543
Hertz Vehicle Financing LLC

Series 2021-1A, Class B, 1.56%, 12/26/2025 (b)
    350,000   341,656
Santander Drive Auto Receivables Trust

Series 2020-4, Class D, 1.48%, 1/15/2027
    403,628   396,635
Westlake Automobile Receivables Trust:          
Series 2023-2A, Class A3, 5.80%, 2/16/2027 (b)
    400,000   400,368
Series 2023-4A, Class A2, 6.23%, 1/15/2027 (b)
    500,000   501,528
          3,950,429
COMMERCIAL MORTGAGE-BACKED SECURITIES — 4.4%          
ACREC Ltd.

Series 2021-FL1, Class A, 1 mo. USD Term SOFR + 1.26%, 6.59%, 10/16/2036 (a) (b)
    150,527   149,620
Arbor Realty Commercial Real Estate Notes Ltd.

Series 2022-FL1, Class A, 30 day USD SOFR Average + 1.45%, 6.77%, 1/15/2037 (a) (b)
    250,000   248,559
BDS LLC

Series 2022-FL11, Class ATS, 1 mo. USD Term SOFR + 1.80%, 7.13%, 3/19/2039 (a) (b)
    250,000   249,189
Security Description     Principal
Amount 		  Value
BDS Ltd.:          
Series 2021-FL8, Class A, 1 mo. USD Term SOFR + 1.03%, 6.36%, 1/18/2036 (a) (b)
    $41,266   $41,114
Series 2021-FL9, Class A, 1 mo. USD Term SOFR + 1.18%, 6.51%, 11/16/2038 (a) (b)
    121,268   120,292
BRSP Ltd.

Series 2021-FL1, Class A, 1 mo. USD Term SOFR + 1.26%, 6.59%, 8/19/2038 (a) (b)
    314,761   310,857
BSPRT Issuer Ltd.:          
Series 2021-FL7, Class A, 1 mo. USD Term SOFR + 1.43%, 6.76%, 12/15/2038 (a) (b)
    182,231   180,935
Series 2022-FL8, Class A, 30 day USD SOFR Average + 1.50%, 6.82%, 2/15/2037 (a) (b)
    299,975   299,034
Series 2021-FL6, Class A, 1 mo. USD Term SOFR + 1.21%, 6.54%, 3/15/2036 (a) (b)
    207,913   206,334
CHCP Ltd.

Series 2021-FL1, Class A, 1 mo. USD Term SOFR + 1.16%, 6.49%, 2/15/2038 (a) (b)
    51,705   51,393
FS Rialto Issuer LLC:          
Series 2021-FL3, Class A, 1 mo. USD Term SOFR + 1.36%, 6.69%, 11/16/2036 (a) (b)
    276,382   274,934
Series 2022-FL4, Class AS, 30 day USD SOFR Average + 2.40%, 7.72%, 1/19/2039 (a) (b)
    250,000   246,262
Series 2021-FL2, Class A, 1 mo. USD Term SOFR + 1.33%, 6.66%, 5/16/2038 (a) (b)
    293,057   289,871
Greystone CRE Notes Ltd.

Series 2021-FL3, Class A, 1 mo. USD Term SOFR + 1.13%, 6.46%, 7/15/2039 (a) (b)
    150,000   148,757
KREF Ltd.:          
Series 2021-FL2, Class AS, 1 mo. USD Term SOFR + 1.41%, 6.74%, 2/15/2039 (a) (b)
    250,000   240,790
Series 2022-FL3, Class A, 1 mo. USD Term SOFR + 1.45%, 6.78%, 2/17/2039 (a) (b)
    200,000   198,763
 
See accompanying notes to Schedule of Investments.
96
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Series 2021-FL2, Class A, 1 mo. USD Term SOFR + 1.18%, 6.51%, 2/15/2039 (a) (b)
    $200,000   $196,285
LCCM Trust:          
Series 2021-FL3, Class A, 1 mo. USD Term SOFR + 1.56%, 6.89%, 11/15/2038 (a) (b)
    179,034   176,407
Series 2021-FL2, Class A, 1 mo. USD Term SOFR + 1.31%, 6.64%, 12/13/2038 (a) (b)
    145,171   143,134
LFT CRE Ltd.

Series 2021-FL1, Class A, 1 mo. USD Term SOFR + 1.28%, 6.61%, 6/15/2039 (a) (b)
    393,737   390,724
LoanCore Issuer Ltd.:          
Series 2021-CRE6, Class A, 1 mo. USD Term SOFR + 1.41%, 6.74%, 11/15/2038 (a) (b)
    328,126   325,361
Series 2022-CRE7, Class A, 30 day USD SOFR Average + 1.55%, 6.87%, 1/17/2037 (a) (b)
    499,930   497,730
MF1 Ltd.:          
Series 2022-FL8, Class A, 1 mo. USD Term SOFR + 1.35%, 6.68%, 2/19/2037 (a) (b)
    337,217   335,118
Series 2021-FL7, Class A, 1 mo. USD Term SOFR + 1.19%, 6.52%, 10/16/2036 (a) (b)
    284,728   282,922
Series 2021-FL6, Class A, 1 mo. USD Term SOFR + 1.21%, 6.54%, 7/16/2036 (a) (b)
    217,757   216,429
PFP Ltd.

Series 2021-8, Class A, 1 mo. USD Term SOFR + 1.11%, 6.44%, 8/9/2037 (a) (b)
    308,336   305,891
Ready Capital Mortgage Financing LLC

Series 2021-FL6, Class A, 1 mo. USD Term SOFR + 1.06%, 6.39%, 7/25/2036 (a) (b)
    36,928   36,599
Retained Vantage Data Centers Issuer LLC

Series 2023-1A, Class A2A, 5.00%, 9/15/2048 (b)
    250,000   241,294
Starwood Ltd.

Series 2022-FL3, Class A, 30 day USD SOFR Average + 1.35%, 6.67%, 11/15/2038 (a) (b)
    220,000   217,454
Security Description     Principal
Amount 		  Value
TRTX Issuer Ltd.

Series 2022-FL5, Class A, 30 day USD SOFR Average + 1.65%, 6.97%, 2/15/2039 (a) (b)
    $320,000   $317,293
VMC Finance LLC

Series 2022-FL5, Class A, 30 day USD SOFR Average + 1.90%, 7.22%, 2/18/2039 (a) (b)
    635,821   624,521
          7,563,866
HOME EQUITY ABS — 0.3%          
Credit-Based Asset Servicing & Securitization LLC

Series 2004-CB7, Class M1, 1 mo. USD Term SOFR + 1.12%, 3.79%, 10/25/2034 (a)
    486,514   432,026
Washington Mutual Asset-Backed Certificates WMABS Trust

Series 2006-HE5, Class 2A2, 1 mo. USD Term SOFR + 0.47%, 4.48%, 10/25/2036 (a)
    265,367   95,482
          527,508
OTHER ABS — 16.5%          
ACHV ABS Trust

Series 2023-4CP, Class A, 6.81%, 11/25/2030 (b)
    361,497   361,975
Affirm Asset Securitization Trust:          
Series 2022-A, Class A, 4.30%, 5/17/2027 (b)
    500,000   496,795
Series 2023-X1, Class A, 7.11%, 11/15/2028 (b)
    563,405   565,974
Anchorage Capital CLO 19 Ltd.

Series 2021-19A, Class A, 3 mo. USD Term SOFR + 1.47%, 6.79%, 10/15/2034 (a) (b)
    1,500,000   1,497,900
Carlyle U.S. CLO Ltd.

Series 2021-1A, Class A1, 3 mo. USD Term SOFR + 1.40%, 6.72%, 4/15/2034 (a) (b)
    1,000,000   1,000,704
CarVal CLO IV Ltd.

Series 2021-1A, Class A1A, 3 mo. USD Term SOFR + 1.44%, 6.76%, 7/20/2034 (a) (b)
    500,000   499,200
CarVal CLO IX-C Ltd.

Series 2024-1A, Class A, 3 mo. USD Term SOFR + 1.68%, 7.00%, 4/20/2037 (a) (b)
    500,000   499,740
 
See accompanying notes to Schedule of Investments.
97
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CQS U.S. CLO Ltd.

Series 2021-1A, Class A, 3 mo. USD Term SOFR + 1.48%, 6.80%, 1/20/2035 (a) (b)
    $1,500,000   $1,497,450
Diamond Resorts Owner Trust

Series 2021-1A, Class A, 1.51%, 11/21/2033 (b)
    314,622   299,279
Domino's Pizza Master Issuer LLC

Series 2017-1A, Class A23, 4.12%, 7/25/2047 (b)
    846,000   809,746
HalseyPoint CLO 3 Ltd.

Series 2020-3A, Class A1A, 3 mo. USD Term SOFR + 1.71%, 7.03%, 11/30/2032 (a) (b)
    1,150,000   1,150,115
Jamestown CLO XV Ltd.

Series 2020-15A, Class A, 3 mo. USD Term SOFR + 1.60%, 6.92%, 4/15/2033 (a) (b)
    500,000   501,326
Katayma CLO II Ltd.

Series 2024-2A, Class A1, 3 mo. USD Term SOFR + 1.65%, 6.94%, 4/20/2037 (a) (b)
    500,000   501,750
Loanpal Solar Loan Ltd.

Series 2021-1GS, Class A, 2.29%, 1/20/2048 (b)
    305,860   245,413
Marble Point CLO XXI Ltd.

Series 2021-3A, Class A1, 3 mo. USD Term SOFR + 1.50%, 6.82%, 10/17/2034 (a) (b)
    2,000,000   1,998,164
Marble Point CLO XXII Ltd.

Series 2021-2A, Class A, 3 mo. USD Term SOFR + 1.46%, 6.79%, 7/25/2034 (a) (b)
    1,000,000   996,122
Marlette Funding Trust:          
Series 2022-3A, Class B, 5.95%, 11/15/2032 (b)
    500,000   498,998
Series 2021-1A, Class C, 1.41%, 6/16/2031 (b)
    1,732   1,732
MP CLO VIII Ltd.

Series 2015-2A, Class ARR, 3 mo. USD Term SOFR + 1.46%, 6.78%, 4/28/2034 (a) (b)
    1,300,000   1,297,400
Northwoods Capital XVI Ltd.

Series 2017-16A, Class A, 3 mo. USD Term SOFR + 1.53%, 6.84%, 11/15/2030 (a) (b)
    823,364   822,706
Security Description     Principal
Amount 		  Value
Octagon Investment Partners 51 Ltd.

Series 2021-1A, Class A, 3 mo. USD Term SOFR + 1.41%, 6.73%, 7/20/2034 (a) (b)
    $1,000,000   $1,000,090
Pagaya AI Debt Selection Trust:          
Series 2021-3, Class B, 1.74%, 5/15/2029 (b)
    363,534   361,685
Series 2021-5, Class B, 2.63%, 8/15/2029 (b)
    855,048   844,814
Pagaya AI Debt Trust:          
Series 2023-5, Class A, 7.18%, 4/15/2031 (b)
    234,204   234,827
Series 2023-7, Class A, 7.23%, 7/15/2031 (b)
    411,268   412,609
Series 2023-1, Class A, 7.56%, 7/15/2030 (b)
    222,382   223,406
Peace Park CLO Ltd.

Series 2021-1A, Class A, 3 mo. USD Term SOFR + 1.39%, 6.71%, 10/20/2034 (a) (b)
    1,000,000   1,002,525
Regatta VI Funding Ltd.

Series 2016-1A, Class AR2, 3 mo. USD Term SOFR + 1.42%, 6.74%, 4/20/2034 (a) (b)
    1,000,000   998,700
Regatta XXIII Funding Ltd.

Series 2021-4A, Class A1, 3 mo. USD Term SOFR + 1.41%, 6.73%, 1/20/2035 (a) (b)
    2,265,000   2,263,868
Rockford Tower CLO Ltd.

Series 2024-1A, Class A1, 3 mo. USD Term SOFR - 1.61%, 1.00%, 4/20/2037 (a) (b)
    1,000,000   1,000,000
Sapphire Aviation Finance II Ltd.

Series 2020-1A, Class A, 3.23%, 3/15/2040 (b)
    317,350   288,798
Shackleton CLO Ltd.

Series 2013-3A, Class AR, 3 mo. USD Term SOFR + 1.38%, 6.70%, 7/15/2030 (a) (b)
    252,980   252,828
Sound Point CLO Ltd.

Series 2024-38A, Class A1, 3 mo. USD Term SOFR + 1.60%, 6.92%, 2/20/2037 (a) (b)
    1,000,000   1,000,000
Sound Point CLO XXVI Ltd.

Series 2020-1A, Class AR, 3 mo. USD Term SOFR + 1.43%, 6.75%, 7/20/2034 (a) (b)
    1,000,000   998,071
 
See accompanying notes to Schedule of Investments.
98
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Vibrant CLO IV Ltd.

Series 2016-4A, Class A1RR, 3 mo. USD Term SOFR + 1.38%, 6.70%, 7/20/2032 (a) (b)
    $500,000   $499,800
Vibrant CLO VIII Ltd.

Series 2018-8A, Class A1A, 3 mo. USD Term SOFR + 1.40%, 6.72%, 1/20/2031 (a) (b)
    341,864   342,097
Wellfleet CLO Ltd.

Series 2020-2A, Class AR, 3 mo. USD Term SOFR + 1.48%, 6.80%, 7/15/2034 (a) (b)
    1,000,000   998,600
          28,265,207
STUDENT LOAN ABS — 0.1%          
Commonbond Student Loan Trust

Series 2018-BGS, Class B, 3.99%, 9/25/2045 (b)
    91,391   85,617
Laurel Road Prime Student Loan Trust

Series 2019-A, Class A1FX, 2.34%, 10/25/2048 (b)
    14,777   14,602
          100,219
WL COLLATERAL CMO — 0.7%          
VOLT C LLC

Series 2021-NPL9, Class A1, 1.99%, 5/25/2051 (b) (c)
    303,169   292,065
VOLT CI LLC

Series 2021-NP10, Class A1, 1.99%, 5/25/2051 (b) (c)
    1,043,945   1,002,854
          1,294,919
TOTAL ASSET-BACKED SECURITIES

(Cost $41,767,308)
        41,702,148
FOREIGN GOVERNMENT OBLIGATIONS — 0.3%          
COLOMBIA — 0.1%          
Colombia Government International Bonds

4.50%, 1/28/2026
    200,000   195,340
DOMINICAN REPUBLIC — 0.1%          
Dominican Republic International Bonds

5.50%, 1/27/2025
    100,000   99,254
Security Description     Principal
Amount 		  Value
SOUTH AFRICA — 0.1%          
Republic of South Africa Government International Bonds

4.88%, 4/14/2026
    $200,000   $194,538
TOTAL FOREIGN GOVERNMENT OBLIGATIONS

(Cost $509,052)
        489,132
U.S. GOVERNMENT AGENCY OBLIGATIONS — 4.3%          
Federal Home Loan Mortgage Corp. REMICS:          
Series 4211, Class AP, 1.60%, 3/15/2043
    614,797   563,854
Series 4461, Class BA, CMO, 2.00%, 12/15/2043
    404,221   370,395
Series 5179, Class GD, CMO, 2.00%, 12/25/2047
    837,824   707,679
Series 4030, Class AN, CMO, REMIC, 1.75%, 4/15/2027
    140,645   136,851
Series 4484, Class CD, CMO, REMIC, 1.75%, 7/15/2030
    47,581   44,475
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M1, 30 day USD SOFR Average + 1.25%, 6.57%, 3/25/2044 (a) (b)
    1,700,000   1,700,287
Federal National Mortgage Association:          
3.00%, 11/1/2033
    543,348   514,789
3.00%, 11/1/2036
    140,921   130,260
5.00%, 8/1/2043
    787,339   779,270
Federal National Mortgage Association REMICS:          
Series 2008-9, Class FA, 30 day USD SOFR Average + 0.61%, 5.93%, 2/25/2038 (a)
    857,470   846,984
Series 2010-141, Class FB, CMO, REMIC, 30 day USD SOFR Average + 0.58%, 5.90%, 12/25/2040 (a)
    117,015   115,763
Series 2016-8, Class FA, CMO, REMIC, 30 day USD SOFR Average + 0.56%, 5.88%, 3/25/2046 (a)
    201,964   197,435
Series 2018-27, Class FJ, CMO, REMIC, 30 day USD SOFR Average + 0.41%, 5.73%, 12/25/2047 (a)
    142,814   138,360
Series 2018-45, Class FA, CMO, REMIC, 30 day USD SOFR Average + 0.41%, 5.73%, 6/25/2048 (a)
    157,855   152,972
 
See accompanying notes to Schedule of Investments.
99
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Federal National Mortgage Association-Aces Series 2020-M49, Class 1A1, VRN, 1.26%, 11/25/2030 (a)
    $1,005,823   $890,966
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS

(Cost $7,706,814)
        7,290,340
U.S. TREASURY OBLIGATIONS — 31.2%          
U.S. Treasury Bills 5.16%, 5/2/2024
    10,000,000   9,954,681
U.S. Treasury Notes:          
4.00%, 1/15/2027
    22,000,000   21,740,469
4.25%, 1/31/2026
    22,000,000   21,828,984
TOTAL U.S. TREASURY OBLIGATIONS

(Cost $53,727,401)
        53,524,134
MORTGAGE-BACKED SECURITIES — 12.1%          
BLP Commercial Mortgage Trust Series 2024-IND2, Class A, 1 mo. USD Term SOFR + 1.34%, 6.67%, 3/15/2041 (a) (b)
    250,000   249,808
BX Trust Series 2019-CALM, Class A, 1 mo. USD Term SOFR + 0.99%, 6.32%, 11/15/2032 (a) (b)
    1,091,231   1,090,769
Citigroup Commercial Mortgage Trust Series 2016-P3, Class A4, 3.33%, 4/15/2049
    270,000   257,863
Citigroup Mortgage Loan Trust, Inc. Series 2007-AR8, Class 2A1A, CMO, 4.47%, 7/25/2037 (a)
    2,942,967   2,397,390
Compass Datacenters Issuer II LLC Series 2024-1A, Class A1, 5.25%, 2/25/2049 (b)
    500,000   489,500
Countrywide Alternative Loan Trust:          
Series 2006-J7, Class 1A3, 6.25%, 11/25/2036
    414,763   203,295
Series 2006-41CB, Class 1A3, CMO, 6.00%, 1/25/2037
    232,495   122,446
CSMC Trust Series 2020-RPL3, Class A1, CMO, 4.08%, 3/25/2060 (a) (b)
    743,973   740,778
Federal Home Loan Mortgage Corp. REMICS Series 4981, Class GF, 30 day USD SOFR Average + 0.51%, 5.83%, 6/25/2050 (a)
    887,976   866,190
Security Description     Principal
Amount 		  Value
Federal National Mortgage Association REMICS Series 2016-83, Class FK, 30 day USD SOFR Average + 0.61%, 5.93%, 11/25/2046 (a)
    $787,733   $774,153
Great Wolf Trust Series 2024-WOLF, Class A, 1 mo. USD Term SOFR + 1.54%, 6.84%, 3/15/2039 (a) (b)
    200,000   200,375
GS Mortgage Securities Trust Series 2013-GC13, Class AS, 3.84%, 7/10/2046 (a) (b)
    243,995   230,448
Legacy Mortgage Asset Trust:          
Series 2021-GS1, Class A1, 4.89%, 10/25/2066 (b) (c)
    350,436   345,775
Series 2021-GS2, Class A1, 1.75%, 4/25/2061 (b) (c)
    293,832   284,750
Luminent Mortgage Trust Series 2007-1, Class 1A1, CMO, 1 mo. USD Term SOFR + 0.43%, 5.76%, 11/25/2036 (a)
    2,392,141   2,055,088
Med Trust Series 2021-MDLN, Class A, 1 mo. USD Term SOFR + 1.06%, 6.39%, 11/15/2038 (a) (b)
    303,543   302,462
MFA Trust Series 2023-NQM3, Class A1, 6.62%, 7/25/2068 (b) (c)
    627,376   629,740
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C23, Class AS, 4.00%, 7/15/2050 (a)
    259,000   252,201
OBX Trust Series 2023-NQM10, Class A1, 6.47%, 10/25/2063 (b) (c)
    764,499   768,793
PRPM LLC Series 2022-1, Class A1, 3.72%, 2/25/2027 (b) (c)
    1,472,294   1,430,014
Residential Asset Securitization Trust Series 2006-A6, Class 1A4, CMO, IO, 6.00%, 7/25/2036
    2,582,020   627,829
Residential Mortgage Loan Trust Series 2020-1, Class A1, 2.38%, 1/26/2060 (a) (b)
    683,043   655,832
Verus Securitization Trust:          
Series 2022-3, Class A1, 4.13%, 2/25/2067 (b) (c)
    712,907   667,888
Series 2023-5, Class A1, 6.48%, 6/25/2068 (b) (c)
    1,066,049   1,068,277
Series 2023-INV2, Class A1, 6.44%, 8/25/2068 (b) (c)
    1,186,808   1,190,080
Series 2024-1, Class A1, 5.71%, 1/25/2069 (b) (c)
    785,923   780,868
WaMu Mortgage Pass-Through Certificates Trust Series 2006-AR16, Class 2A1, CMO, 4.36%, 12/25/2036 (a)
    1,688,621   1,502,387
 
See accompanying notes to Schedule of Investments.
100
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Washington Mutual Mortgage Pass-Through Certificates WMALT Trust Series 2005-8, Class 2CB3, CMO, 1 mo. USD Term SOFR + 0.52%, 5.50%, 10/25/2035 (a)
    $259,274   $243,329
Wells Fargo Commercial Mortgage Trust Series 2015-C28, Class A4, 3.54%, 5/15/2048
    270,000   262,884
TOTAL MORTGAGE-BACKED SECURITIES

(Cost $22,083,411)
        20,691,212
COMMERCIAL MORTGAGE BACKED SECURITIES — 4.6%          
Arbor Multifamily Mortgage Securities Trust Series 2021-MF2, Class A2, 2.02%, 6/15/2054 (b)
    139,000   129,187
AREIT Trust Series 2022-CRE6, Class A, 30 day USD SOFR Average + 1.25%, 6.57%, 1/20/2037 (a) (b)
    89,407   88,818
Bank:          
Series 2017-BNK6, Class XA, IO, 0.77%, 7/15/2060 (a)
    976,178   21,113
Series 2020-BN26, Class XA, IO, VRN, 1.21%, 3/15/2063 (a)
    1,283,782   67,213
Benchmark Mortgage Trust:          
Series 2018-B1, Class XA, IO, 0.52%, 1/15/2051 (a)
    1,549,460   23,134
Series 2019-B15, Class XA, IO, VRN, 0.81%, 12/15/2072 (a)
    4,029,829   135,300
BPR Trust:          
Series 2021-TY, Class A, 1 mo. USD Term SOFR + 1.16%, 6.49%, 9/15/2038 (a) (b)
    192,000   190,848
Series 2022-OANA, Class A, 1 mo. USD Term SOFR + 1.90%, 7.22%, 4/15/2037 (a) (b)
    250,000   251,034
BX Commercial Mortgage Trust:          
Series 2019-IMC, Class B, 1 mo. USD Term SOFR + 1.35%, 6.67%, 4/15/2034 (a) (b)
    100,000   99,645
Series 2021-21M, Class A, 1 mo. USD Term SOFR + 0.84%, 6.17%, 10/15/2036 (a) (b)
    122,160   121,130
Security Description     Principal
Amount 		  Value
Series 2021-CIP, Class A, 1 mo. USD Term SOFR + 1.04%, 6.36%, 12/15/2038 (a) (b)
    $250,000   $247,437
BXMT Ltd. Series 2021-FL4, Class A, 1 mo. USD Term SOFR + 1.16%, 6.49%, 5/15/2038 (a) (b)
    132,873   126,654
Citigroup Commercial Mortgage Trust:          
Series 2016-P3, Class A3, 3.06%, 4/15/2049
    317,000   305,557
Series 2016-GC37, Class XA, IO, 1.65%, 4/10/2049 (a)
    370,737   8,575
CLNC Ltd. Series 2019-FL1, Class AS, ABS, 1 mo. USD Term SOFR + 1.66%, 6.99%, 8/20/2035 (a) (b)
    130,465   128,613
Cold Storage Trust Series 2020-ICE5, Class A, 1 mo. USD Term SOFR + 1.01%, 6.33%, 11/15/2037 (a) (b)
    221,173   220,731
COMM Mortgage Trust:          
Series 2014-UBS5, Class A3, 3.57%, 9/10/2047
    141,318   140,710
Series 2015-DC1, Class A5, 3.35%, 2/10/2048
    200,000   195,906
Series 2018-HCLV, Class A, 1 mo. USD Term SOFR + 1.30%, 6.62%, 9/15/2033 (a) (b)
    70,000   65,999
Series 2015-CR25, Class XA, IO, 0.79%, 8/10/2048 (a)
    1,048,520   8,263
CSAIL Commercial Mortgage Trust:          
Series 2017-C8, Class XA, IO, 1.07%, 6/15/2050 (a)
    234,929   6,096
Series 2017-CX10, Class XA, IO, 0.75%, 11/15/2050 (a)
    836,882   15,648
Series 2017-CX9, Class XA, IO, 0.61%, 9/15/2050 (a)
    1,183,863   13,400
CSMC Trust Capital Certificates Series 2019-ICE4, Class B, 1 mo. USD Term SOFR + 1.28%, 6.60%, 5/15/2036 (a) (b)
    224,442   224,275
DBJPM Mortgage Trust Series 2020-C9, Class A2, 1.90%, 8/15/2053
    247,871   235,896
EQUS Mortgage Trust Series 2021-EQAZ, Class A, 1 mo. USD Term SOFR + 0.87%, 6.20%, 10/15/2038 (a) (b)
    180,996   179,803
Extended Stay America Trust Series 2021-ESH, Class A, 1 mo. USD Term SOFR + 1.19%, 6.52%, 7/15/2038 (a) (b)
    274,277   274,213
 
See accompanying notes to Schedule of Investments.
101
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
FS Rialto Issuer LLC Series 2019-FL1, Class A, 1 mo. USD Term SOFR + 1.31%, 6.64%, 12/16/2036 (a) (b)
    $41,580   $41,329
GPMT Ltd. Series 2021-FL3, Class A, 1 mo. USD Term SOFR + 1.36%, 6.69%, 7/16/2035 (a) (b)
    173,763   171,600
Great Wolf Trust Series 2019-WOLF, Class A, 1 mo. USD Term SOFR + 1.35%, 6.67%, 12/15/2036 (a) (b)
    58,836   58,727
GS Mortgage Securities Corportation Trust Series 2021-IP, Class A, 1 mo. USD Term SOFR + 1.06%, 6.39%, 10/15/2036 (a) (b)
    181,000   178,405
GS Mortgage Securities Trust:          
Series 2015-GC34, Class A4, 3.51%, 10/10/2048
    225,000   215,038
Series 2017-GS7, Class XA, IO, 1.08%, 8/10/2050 (a)
    369,344   9,591
Series 2020-GC47, Class XA, IO, VRN, 1.13%, 5/12/2053 (a)
    2,107,584   107,858
JP Morgan Chase Commercial Mortgage Securities Trust:          
Series 2022-NLP, Class A, 1 mo. USD Term SOFR + 0.60%, 5.92%, 4/15/2037 (a) (b)
    183,541   174,669
Series 2016-JP4, Class XA, IO, 0.57%, 12/15/2049 (a)
    1,327,550   15,302
JPMBB Commercial Mortgage Securities Trust Series 2014-C25, Class B, VRN, 4.35%, 11/15/2047 (a)
    150,000   137,937
JPMCC Commercial Mortgage Securities Trust Series 2019-COR5, Class XA, IO, VRN, 1.47%, 6/13/2052 (a)
    1,063,239   55,575
MF1 Multifamily Housing Mortgage Loan Trust Series 2021-FL5, Class AS, 1 mo. USD Term SOFR + 1.31%, 6.64%, 7/15/2036 (a) (b)
    138,000   135,780
MHP Trust Series 2022-MHIL, Class A, 1 mo. USD Term SOFR + 0.81%, 6.14%, 1/15/2027 (a) (b)
    143,123   141,879
Morgan Stanley Bank of America Merrill Lynch Trust:          
Series 2014-C16, Class AS, 4.09%, 6/15/2047
    201,000   199,182
Series 2014-C19, Class LNCX, IO, 0.60%, 12/15/2046 (a) (b)
    1,111,572   1,311
Security Description     Principal
Amount 		  Value
Morgan Stanley Capital I Trust:          
Series 2019-PLND, Class B, 1 mo. USD Term SOFR + 1.41%, 6.74%, 5/15/2036 (a) (b)
    $163,000   $145,310
Series 2019-PLND, Class D, 1 mo. USD Term SOFR + 1.86%, 7.19%, 5/15/2036 (a) (b)
    127,000   95,630
Series 2021-L6, Class A2, 2.13%, 6/15/2054 (a)
    151,000   140,304
Series 2016-UB12, Class XA, IO, 0.65%, 12/15/2049 (a)
    1,308,254   17,288
MSC Trust Series 2021-ILP, Class A, 1 mo. USD Term SOFR + 0.89%, 6.22%, 11/15/2036 (a) (b)
    180,403   178,957
Natixis Commercial Mortgage Securities Trust Series 2018-FL1, Class A, 8.50%, 6/15/2035 (a) (b)
    14,487   13,396
Ready Capital Mortgage Financing LLC Series 2021-FL7, Class A, 1 mo. USD Term SOFR + 1.31%, 6.64%, 11/25/2036 (a) (b)
    277,311   275,936
SREIT Trust Series 2021-MFP, Class A, 1 mo. USD Term SOFR + 0.85%, 6.17%, 11/15/2038 (a) (b)
    173,192   172,316
Starwood Ltd. Series 2019-FL1, Class AS, 1 mo. USD Term SOFR + 1.51%, 6.84%, 7/15/2038 (a) (b)
    100,000   98,606
UBS Commercial Mortgage Trust Series 2017-C1, Class XA, IO, 1.52%, 6/15/2050 (a)
    577,689   20,718
Velocity Commercial Capital Loan Trust Series 2018-2, Class A, 4.05%, 10/26/2048 (a) (b)
    214,841   202,373
Wells Fargo Commercial Mortgage Trust:          
Series 2021-C60, Class A2, 2.04%, 8/15/2054
    151,000   140,832
Series 2021-SAVE, Class A, 1 mo. USD Term SOFR + 1.26%, 6.59%, 2/15/2040 (a) (b)
    57,265   56,814
Series 2021-SAVE, Class B, 1 mo. USD Term SOFR + 1.56%, 6.89%, 2/15/2040 (a) (b)
    80,000   78,989
Series 2022-ONL, Class A, 3.86%, 12/15/2039 (b)
    500,000   466,372
Series 2019-C51, Class XA, IO, VRN, 1.28%, 6/15/2052 (a)
    876,827   46,520
 
See accompanying notes to Schedule of Investments.
102
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Series 2019-C52, Class XA, IO, VRN, 1.59%, 8/15/2052 (a)
    $2,786,129   $161,536
WFRBS Commercial Mortgage Trust:          
Series 2014-C21, Class AS, 3.89%, 8/15/2047
    250,000   239,475
Series 2014-C23, Class AS, VRN, 4.21%, 10/15/2057 (a)
    235,000   224,114
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES

(Cost $9,071,977)
        7,944,867
SENIOR FLOATING RATE LOANS — 5.2%      
ADVERTISING SERVICES — 0.1%        
Lamar Media Corp. 2020 Term Loan B, 1 mo. USD Term SOFR + 1.50%, 6.93%, 2/5/2027 (a)
  175,000   175,000
AIRLINES — 0.1% (d)        
Mileage Plus Holdings LLC 2020 Term Loan B, 3 mo. USD Term SOFR + 5.25%, 10.73%, 6/21/2027 (a)
  69,333   71,484
BUILDING PRODUCTS — 0.1%        
Ingersoll-Rand Services Co. 2020 USD Spinco Term Loan, 1 mo. USD Term SOFR + 1.75%, 7.08%, 3/1/2027 (a)
  83,430   83,699
Installed Building Product, Inc. 2024 Term Loan B (e)
  40,000   40,138
          123,837
CHEMICALS — 0.4%        
Axalta Coating Systems U.S. Holdings, Inc. 2024 Term Loan B6, 3 mo. USD Term SOFR + 2.00%, 7.33%, 12/20/2029 (a)
  270,849   271,574
Element Solutions, Inc. 2023 Term Loan B, 1 mo. USD Term SOFR + 2.00%, 7.33%, 12/18/2030 (a)
  279,300   279,882
H.B. Fuller Co. 2024 Term Loan B, 1 mo. USD Term SOFR + 2.00%, 7.33%, 2/15/2030 (a)
  125,000   125,437
          676,893
COMMERCIAL SERVICES — 0.2%        
APi Group DE, Inc. 2023 Incremental Term Loan, 1 mo. USD Term SOFR + 2.50%, 7.94%, 1/3/2029 (a)
  115,000   115,384
Security Description     Principal
Amount 		  Value
Trans Union LLC 2019 Term Loan B5, 1 mo. USD Term SOFR + 1.75%, 7.18%, 11/16/2026 (a)
  $184,371   $184,507
Vestis Corp. Term Loan, 3 mo. USD Term SOFR + 2.25%, 7.58%, 2/22/2031 (a)
  50,000   50,062
          349,953
COMMERCIAL SERVICES & SUPPLIES — 0.1%        
Aramark Services, Inc. 2023 Term Loan B6, 1 mo. USD Term SOFR + 2.00%, 7.33%, 6/22/2030 (a)
  79,400   79,533
CONTAINERS & PACKAGING — 0.1%        
Berry Global, Inc. 2023 Term Loan AA, 1 mo. USD Term SOFR + 1.75%, 7.18%, 7/1/2029 (a)
  234,412   234,581
DISTRIBUTION/WHOLESALE — 0.3%        
American Builders & Contractors Supply Co., Inc. 2024 Term Loan B, 1 mo. USD Term SOFR + 2.00%, 7.33%, 1/31/2031 (a)
  270,000   270,379
Resideo Funding, Inc. 2021 Term Loan, 1 mo. USD Term SOFR + 2.25%, 7.68%, 2/11/2028 (a)
  291,729   292,186
          562,565
DIVERSIFIED FINANCIAL SERVICES — 0.2%        
Focus Financial Partners LLC 2021 Term Loan B4 (e)
  34,208   34,119
Setanta Aircraft Leasing Designated Activity Co. Term Loan B, 3 mo. USD Term SOFR + 2.00%, 7.56%, 11/5/2028 (a)
  250,000   250,799
Walker & Dunlop, Inc. 2021 Term Loan, 1 mo. USD Term SOFR + 2.25%, 7.68%, 12/16/2028 (a)
  39,100   39,051
          323,969
ELECTRICAL EQUIPMENT — 0.1%        
Energizer Holdings, Inc. 2020 Term Loan, 1 mo. USD Term SOFR + 2.25%, 7.69%, 12/22/2027 (a)
  173,966   174,096
ENTERTAINMENT — 0.4%        
Flutter Financing BV Term Loan B, 3 mo. USD Term SOFR + 2.25%, 7.66%, 11/25/2030 (a)
  309,225   309,914
 
See accompanying notes to Schedule of Investments.
103
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
WMG Acquisition Corp. 2024 Term Loan I, 1 mo. USD Term SOFR + 2.00%, 7.33%, 1/24/2031 (a)
  $277,767   $277,767
          587,681
ENVIRONMENTAL CONTROL — 0.1%        
Clean Harbors, Inc. 2023 Term Loan (e)
  84,783   85,048
FORESTRY — 0.2%        
Asplundh Tree Expert LLC 2021 Term Loan B, 1 mo. USD Term SOFR + 1.75%, 7.18%, 9/7/2027 (a)
  413,224   413,799
HEALTH CARE EQUIPMENT & SUPPLIES — 0.5%        
Avantor Funding, Inc. 2024 Term Loan, 1 mo. USD Term SOFR + 2.00%, 7.43%, 11/8/2027 (a)
  180,000   180,000
Catalent Pharma Solutions, Inc. 2021 Term Loan B3, 1 mo. USD Term SOFR + 2.00%, 7.44%, 2/22/2028 (a)
  173,037   173,145
ICON Luxembourg SARL 2024 LUX Term Loan B, 3 mo. USD Term SOFR + 2.00%, 7.31%, 7/3/2028 (a)
  220,150   220,938
IQVIA, Inc. 2023 USD Term Loan B4, 3 mo. USD Term SOFR + 2.00%, 7.31%, 1/2/2031 (a)
  249,375   250,867
PRA Health Sciences, Inc. 2024 US Term Loan B, 3 mo. USD Term SOFR + 2.00%, 7.33%, 7/3/2028 (a)
  54,850   55,047
          879,997
HOTELS, RESTAURANTS & LEISURE — 0.0% (d)        
Wyndham Hotels & Resorts, Inc. 2023 Term Loan B, 1 mo. USD Term SOFR + 2.25%, 7.68%, 5/24/2030 (a)
  34,825   34,988
HOUSEHOLD PRODUCTS — 0.2%        
Reynolds Consumer Products LLC Term Loan, 1 mo. USD Term SOFR + 1.75%, 7.18%, 2/4/2027 (a)
  356,979   358,013
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.4%        
Calpine Corp. Term Loan B9, 1 mo. USD Term SOFR + 2.00%, 7.33%, 1/31/2031 (a)
  85,000   84,619
Security Description     Principal
Amount 		  Value
Calpine Corp. 2024 Term Loan B10 (e)
  $15,000   $14,926
NRG Energy, Inc. 2024 Term Loan (e)
  230,000   229,858
Vistra Operations Co. LLC 1st Lien Term Loan B3, 1 mo. USD Term SOFR + 2.00%, 7.33%, 12/20/2030 (a)
  364,415   364,473
          693,876
IT SERVICES — 0.2%        
Fleetcor Technologies Operating Co. LLC 2021 Term Loan B4, 1 mo. USD Term SOFR + 1.75%, 7.18%, 4/28/2028 (a)
  413,323   413,466
LODGING — 0.2%        
Hilton Domestic Operating Co., Inc. 2023 Term Loan B4, 1 mo. USD Term SOFR + 2.00%, 7.43%, 11/8/2030 (a)
  75,000   75,241
Marriott Ownership Resorts, Inc. 2024 Term Loan B (e)
  220,000   219,450
          294,691
MACHINERY — 0.0% (d)        
Ali Group North America Corp. 2021 Term Loan B, 1 mo. USD Term SOFR + 2.00%, 7.44%, 7/30/2029 (a)
  67,056   67,150
PHARMACEUTICALS — 0.2%        
Grifols Worldwide Operations USA, Inc. 2019 USD Term Loan B (e)
  317,822   308,425
PIPELINES — 0.0% (d)        
Buckeye Partners LP 2024 Term Loan B3, 1 mo. USD Term SOFR + 2.00%, 7.33%, 11/1/2026 (a)
  40,000   40,120
REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.2%        
Iron Mountain, Inc. 2018 Term Loan B, 1 mo. USD Term SOFR + 1.75% 7.19%, 1/2/2026 (a)
  412,920   413,091
RETAIL — 0.4%        
1011778 BC Unlimited Liability Co. 2023 Term Loan B5, 1 mo. USD Term SOFR + 2.25%, 7.58%, 9/20/2030 (a)
  259,350   259,512
Beacon Roofing Supply, Inc. 2024 Term Loan B (e)
  130,000   130,281
KFC Holding Co. 2021 Term Loan B, 1 mo. USD Term SOFR + 1.75%, 7.19%, 3/15/2028 (a)
  270,555   270,736
          660,529
 
See accompanying notes to Schedule of Investments.
104
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
SOFTWARE — 0.5%        
Gen Digital, Inc. 2022 Term Loan B, 1 mo. USD Term SOFR + 2.00%, 7.43%, 9/12/2029 (a)
  $176,979   $177,121
Go Daddy Operating Co. LLC 2024 Term Loan B6, 1 mo. USD Term SOFR + 2.00%, 7.33%, 11/9/2029 (a)
  314,212   314,378
SS&C Technologies, Inc. 2018 Term Loan B5, 1 mo. USD Term SOFR + 1.75%, 7.19%, 4/16/2025 (a)
  299,609   299,980
          791,479
TOTAL SENIOR FLOATING RATE LOANS

(Cost $8,790,832)
        8,814,264
    Shares  
SHORT-TERM INVESTMENT — 2.3%  
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (f) (g)

(Cost $4,062,272)
4,062,272 4,062,272
TOTAL INVESTMENTS — 100.3%

(Cost $175,165,214)
171,903,369
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.3)%
(597,974)
NET ASSETS — 100.0%
$171,305,395
    
(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(b) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 36.1% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c) Step-up bond - Coupon rate increases in increments to maturity. Rate shown as of March 31, 2024. Maturity date shown is the final maturity.
(d) Amount is less than 0.05% of net assets.
(e) Position is unsettled. Contract rate was not determined at March 31, 2024 and does not take effect until settlement date. Maturity date is not finalized until settlement date.
(f) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(g) The rate shown is the annualized seven-day yield at March 31, 2024.
ABS Asset-Backed Security
CLO Collateralized Loan Obligation
CMO Collateralized Mortgage Obligation
CMT Constant Maturity Treasury
EMTN Euro Medium Term Note
GMTN Global Medium Term Note
IO Interest Only
MTN Medium Term Note
REMIC Real Estate Mortgage Investment Conduit
SOFR Secured Overnight Financing Rate
VRN Variable Rate Note
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Corporate Bonds & Notes
  $—   $27,385,000   $—   $27,385,000
Asset-Backed Securities
  —   41,702,148   —   41,702,148
Foreign Government Obligations
  —   489,132   —   489,132
U.S. Government Agency Obligations
  —   7,290,340   —   7,290,340
U.S. Treasury Obligations
  —   53,524,134   —   53,524,134
Mortgage-Backed Securities
  —   20,691,212   —   20,691,212
Commercial Mortgage Backed Securities
  —   7,944,867   —   7,944,867
Senior Floating Rate Loans
  —   8,814,264   —   8,814,264
Short-Term Investment
  4,062,272   —   —   4,062,272
TOTAL INVESTMENTS
  $4,062,272   $167,841,097   $—   $171,903,369
See accompanying notes to Schedule of Investments.
105
SPDR DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
State Street Institutional U.S. Government Money Market Fund, Class G Shares
3,869,754   $3,869,754   $50,839,104   $50,646,586   $—   $—   4,062,272   $4,062,272   $163,909
See accompanying notes to Schedule of Investments.
106
SPDR SSGA FIXED INCOME SECTOR ROTATION ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Security Description     Shares   Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS — 100.0%      
DOMESTIC FIXED INCOME — 100.0%  
SPDR Bloomberg 1-3 Month T-Bills ETF (a)
    235,776   $21,644,237
SPDR Bloomberg High Yield Bond ETF (a)(b)
    224,564   21,378,493
SPDR Bloomberg International Treasury Bond ETF (a)(b)
    646,322   14,374,201
SPDR Portfolio Intermediate Term Corporate Bond ETF (a)(b)
    37,479   1,225,189
SPDR Portfolio Intermediate Term Treasury ETF (a)(b)
    2,496,170   70,342,071
SPDR Portfolio Long Term Corporate Bond ETF (a)(b)
    470,952   10,944,924
SPDR Portfolio Long Term Treasury ETF (a)
    527,594   14,740,976
SPDR Portfolio Mortgage-Backed Bond ETF (a)(b)
    3,114,104   67,638,339
TOTAL MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS

(Cost $223,451,824)
  222,288,430  
SHORT-TERM INVESTMENTS — 23.8%      
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (c)(d)
    50,594   50,594
State Street Navigator Securities Lending Portfolio II (e)(f)
    52,949,185   52,949,185
TOTAL SHORT-TERM INVESTMENTS

(Cost $52,999,779)
        $52,999,779
TOTAL INVESTMENTS — 123.8%

(Cost $276,451,603)
        275,288,209
LIABILITIES IN EXCESS OF OTHER ASSETS — (23.8)%
        (52,969,399)
NET ASSETS — 100.0%
        $222,318,810
    
The Fund invests in other funds and financial statements of underlying funds can be found at www.sec.gov.
 
(a) Affiliated fund managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(b) All or a portion of the shares of the security are on loan at March 31, 2024.
(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(d) The rate shown is the annualized seven-day yield at March 31, 2024.
(e) The Fund invested in an affiliated entity. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(f) Investment of cash collateral for securities loaned.
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Mutual Funds and Exchange Traded Products
  $222,288,430   $—   $—   $222,288,430
Short-Term Investments
  52,999,779   —   —   52,999,779
TOTAL INVESTMENTS
  $275,288,209   $—   $—   $275,288,209
See accompanying notes to Schedule of Investments.
107
SPDR SSGA FIXED INCOME SECTOR ROTATION ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
SPDR Bloomberg 1-3 Month T-Bills ETF
127,586   $11,714,947   $28,305,874   $18,397,063   $(2,181)   $22,660   235,776   $21,644,237   $148,986
SPDR Bloomberg High Yield Bond ETF
98,180   9,035,505   23,031,760   10,856,481   (124,455)   292,164   224,564   21,378,493   380,971
SPDR Bloomberg International Treasury Bond ETF
558,817   12,601,323   21,699,810   19,711,853   (9,893)   (205,186)   646,322   14,374,201   108,756
SPDR Portfolio Intermediate Term Corporate Bond ETF
434,649   13,956,579   23,020,968   35,986,308   145,997   87,953   37,479   1,225,189   545,115
SPDR Portfolio Intermediate Term Treasury ETF
1,951,784   55,215,969   61,995,959   46,701,429   (732,013)   563,585   2,496,170   70,342,071   1,760,467
SPDR Portfolio Long Term Corporate Bond ETF
265,123   6,166,761   13,108,208   8,307,427   (125,425)   102,807   470,952   10,944,924   211,379
SPDR Portfolio Long Term Treasury ETF
623,115   18,631,139   19,123,492   21,974,441   (2,189,519)   1,150,305   527,594   14,740,976   370,383
SPDR Portfolio Mortgage Backed Bond ETF
2,371,611   51,961,997   40,875,738   24,533,698   (1,472,895)   807,197   3,114,104   67,638,339   1,407,761
State Street Institutional U.S. Government Money Market Fund, Class G Shares
300,805   300,805   2,077,874   2,328,085   —   —   50,594   50,594   12,639
State Street Navigator Securities Lending Portfolio II
48,283,244   48,283,244   840,099,351   835,433,410   —   —   52,949,185   52,949,185   308,327
Total
    $227,868,269   $1,073,339,034   $1,024,230,195   $(4,510,384)   $2,821,485       $275,288,209   $5,254,784
See accompanying notes to Schedule of Investments.
108
SPDR SSGA US SECTOR ROTATION ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Security Description     Shares   Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS — 99.9%      
DOMESTIC EQUITY — 99.9%  
The Consumer Discretionary Select Sector SPDR Fund (a)(b)
    288,982   $53,140,900
The Communication Services Select Sector SPDR Fund (a)(b)
    1,112,736   90,866,022
The Consumer Staples Select Sector SPDR Fund (a)(b)
    116,962   8,931,218
The Energy Select Sector SPDR Fund (a)
    165,360   15,611,638
The Financial Select Sector SPDR Fund (a)(b)
    1,342,691   56,554,145
The Health Care Select Sector SPDR Fund (a)(b)
    341,335   50,425,420
The Industrial Select Sector SPDR Fund (a)(b)
    410,667   51,727,615
The Technology Select Sector SPDR Fund (a)(b)
    787,620   164,037,617
TOTAL MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS

(Cost $418,286,654)
  491,294,575  
SHORT-TERM INVESTMENTS — 12.0%      
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (c)(d)
    705,169   705,169
State Street Navigator Securities Lending Portfolio II (e)(f)
    58,077,109   58,077,109
TOTAL SHORT-TERM INVESTMENTS

(Cost $58,782,278)
        $58,782,278
TOTAL INVESTMENTS — 111.9%

(Cost $477,068,932)
        550,076,853
LIABILITIES IN EXCESS OF OTHER ASSETS — (11.9)%
        (58,280,683)
NET ASSETS — 100.0%
        $491,796,170
    
The Fund invests in other funds and financial statements of underlying funds can be found at www.sec.gov.
 
(a) Affiliated fund managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(b) All or a portion of the shares of the security are on loan at March 31, 2024.
(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(d) The rate shown is the annualized seven-day yield at March 31, 2024.
(e) The Fund invested in an affiliated entity. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(f) Investment of cash collateral for securities loaned.
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Mutual Funds and Exchange Traded Products
  $491,294,575   $—   $—   $491,294,575
Short-Term Investments
  58,782,278   —   —   58,782,278
TOTAL INVESTMENTS
  $550,076,853   $—   $—   $550,076,853
See accompanying notes to Schedule of Investments.
109
SPDR SSGA US SECTOR ROTATION ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
State Street Institutional U.S. Government Money Market Fund, Class G Shares
385,530   $385,530   $5,855,665   $5,536,026   $—   $—   705,169   $705,169   $23,616
State Street Navigator Securities Lending Portfolio II
91,543,951   91,543,951   1,713,204,759   1,746,671,601   —   —   58,077,109   58,077,109   200,752
The Communication Services Select Sector SPDR Fund
96,107   6,254,643   110,417,395   35,765,467   2,333,084   7,626,367   1,112,736   90,866,022   435,602
The Consumer Discretionary Select Sector SPDR Fund
295,657   50,205,515   91,525,464   89,752,923   1,267,024   (104,180)   288,982   53,140,900   303,612
The Consumer Staples Select Sector SPDR Fund
421,950   31,296,031   91,028,956   114,173,827   18,984   761,074   116,962   8,931,218   488,069
The Energy Select Sector SPDR Fund
167,682   13,610,748   27,431,736   27,003,351   246,714   1,325,791   165,360   15,611,638   418,574
The Financial Select Sector SPDR Fund
—   —   97,326,226   52,856,872   2,280,347   9,804,444   1,342,691   56,554,145   590,104
The Health Care Select Sector SPDR Fund
462,115   61,336,524   96,677,729   111,011,449   1,380,609   2,042,007   341,335   50,425,420   416,127
The Industrial Select Sector SPDR Fund
649,374   69,690,818   66,685,151   92,787,249   4,842,266   3,296,629   410,667   51,727,615   514,826
The Materials Select Sector SPDR Fund
—   —   41,177,550   40,394,490   (783,060)   —   —   —   50,090
The Technology Select Sector SPDR Fund
382,122   66,435,731   116,732,360   45,059,275   5,363,561   20,565,240   787,620   164,037,617   760,867
Total
    $390,759,491   $2,458,062,991   $2,361,012,530   $16,949,529   $45,317,372       $550,076,853   $4,202,239
See accompanying notes to Schedule of Investments.
110
SPDR NUVEEN MUNICIPAL BOND ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
MUNICIPAL BONDS & NOTES — 99.7%      
ALABAMA — 2.5%        
Black Belt Energy Gas District Revenue, AL

Series B, 4.00%, 10/1/2052 (a)
  $500,000   $502,622
County of Jefferson Sewer Revenue, AL

5.25%, 10/1/2040
  200,000   222,850
Southeast Energy Authority A Cooperative District Revenue, AL

Series B, 4.00%, 12/1/2051 (a)
  500,000   496,786
          1,222,258
ARIZONA — 1.1%        
Maricopa County Industrial Development Authority Revenue, AZ

AMT, 4.00%, 10/15/2047 (b)
  100,000   89,964
Maricopa County Pollution Control Corp. Revenue, AZ

Series B, 0.88%, 6/1/2043 (a)
  500,000   450,826
          540,790
ARKANSAS — 1.1%        
Arkansas Development Finance Authority Revenue, AR

AMT, 5.45%, 9/1/2052
  525,000   535,780
CALIFORNIA — 7.9%        
Anaheim Public Financing Authority Revenue, CA

Series C, AGM, Zero Coupon, 9/1/2036 (c)
  320,000   215,649
California Community Choice Financing Authority Revenue, CA

Series E-1, 5.00%, 2/1/2054 (a)
  500,000   535,091
California Housing Finance Agency Revenue, CA

Series 2021-1, 3.50%, 11/20/2035
  171,644   160,891
City & County of San Francisco Special Tax District No., Special Tax Revenue, CA

Series B, 5.75%, 9/1/2053 (b)
  350,000   359,286
City of Long Beach Marina System Revenue, CA

5.00%, 5/15/2040
  750,000   752,587
Municipal Improvement Corp. of Los Angeles Revenue, CA

Series A, 1.45%, 11/1/2027
  540,000   483,939
Norman Y Mineta San Jose International Airport SJC Revenue, CA

Series A, AMT, 5.00%, 3/1/2037
  210,000   216,683
Orange County Community Facilities District, Special Tax Revenue, CA

Series A, 5.00%, 8/15/2037
  250,000   265,144
Security Description     Principal
Amount 		  Value
Palomar Health, General Obligation, CA

Series A, AGC, Zero Coupon, 8/1/2027 (c)
  $100,000   $89,645
San Francisco City & County Airport Comm-San Francisco International Airport Revenue, CA

Series H, AMT, 5.00%, 5/1/2028
  175,000   185,299
University of California Revenue, CA

Series BI, 1.37%, 5/15/2028
  595,000   525,783
          3,789,997
COLORADO — 3.3%        
City & County of Denver Airport System Revenue, CO

Series B2, AMT, 5.00%, 11/15/2031 (a)
  400,000   406,502
Colorado Health Facilities Authority Revenue, CO

Series A-1, 4.00%, 8/1/2037
  200,000   196,109
Denver Convention Center Hotel Authority Revenue, CO

5.00%, 12/1/2030
  400,000   411,201
Park Creek Metropolitan District Revenue, CO

Series A, 5.00%, 12/1/2024
  575,000   577,507
          1,591,319
CONNECTICUT — 1.7%        
South Central Connecticut Regional Water Authority Revenue, CT

Series B, 5.00%, 8/1/2037
  125,000   129,710
State of Connecticut, General Obligation, CT

Series F, 5.00%, 11/15/2041
  610,000   683,927
          813,637
DISTRICT OF COLUMBIA — 0.7%        
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, DC

Series B, 4.00%, 10/1/2038
  305,000   307,654
FLORIDA — 6.1%        
County of Miami-Dade Aviation Revenue, FL

Series A, AMT, 5.00%, 10/1/2029
  210,000   210,905
County of Miami-Dade Seaport Department Revenue, FL

Series A, AMT, 5.00%, 10/1/2038
  375,000   404,641
County of Miami-Dade Water & Sewer System Revenue, FL

3.00%, 10/1/2036
  530,000   487,231
Crosswinds East Community Development District, Special Assessment, FL

5.50%, 5/1/2044
  135,000   136,671
Florida Development Finance Corp. Revenue, FL:        
AMT, 6.13%, 7/1/2032 (a) (b)
  300,000   306,062
 
See accompanying notes to Schedule of Investments.
111
SPDR NUVEEN MUNICIPAL BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Series A, AMT, 8.00%, 7/1/2057 (a) (b)
  $540,000   $572,400
Series C, 8.25%, 7/1/2057 (a) (b)
  525,000   524,833
Preserve at South Branch Community Development District, Special Assessment, FL

4.00%, 11/1/2039
  300,000   282,588
          2,925,331
GEORGIA — 2.6%        
Main Street Natural Gas, Inc. Revenue, GA

Series E-1, 5.00%, 12/1/2053 (a)
  600,000   640,908
Municipal Electric Authority of Georgia Revenue, GA

Series B, 5.00%, 1/1/2048
  605,000   613,897
          1,254,805
GUAM — 0.7%        
Territory of Guam Revenue, GU

Series A, 5.00%, 11/1/2035
  300,000   319,049
HAWAII — 1.9%        
State of Hawaii, General Obligation, HI

Series EY, 5.00%, 10/1/2027
  905,000   926,382
IDAHO — 0.2%        
Spring Valley Community Infrastructure District No. 1, Special Assessment, ID

6.25%, 9/1/2053 (b)
  100,000   101,077
ILLINOIS — 7.5%        
Chicago Board of Education, General Obligation, IL:        
Series A, 5.00%, 12/1/2035
  300,000   316,587
Series A, 5.00%, 12/1/2036
  300,000   314,434
Chicago O'Hare International Airport Revenue, IL:        
BAM, 5.00%, 1/1/2038
  250,000   274,745
Series B, 5.00%, 1/1/2029
  160,000   161,831
Illinois Finance Authority Revenue, IL

5.00%, 7/1/2039
  230,000   249,696
Northern Illinois Municipal Power Agency Revenue, IL

Series A, 5.00%, 12/1/2029
  360,000   375,643
Northern Illinois University Revenue, IL

Series B, BAM, 4.00%, 4/1/2037 (c)
  345,000   346,360
State of Illinois Sales Tax Revenue, IL

Series C, 5.00%, 6/15/2026
  565,000   586,561
State of Illinois, General Obligation, IL:        
Series D, 3.25%, 11/1/2026
  100,000   98,418
Series A, 4.00%, 3/1/2038
  730,000   732,301
Series A, 5.00%, 12/1/2031
  150,000   159,031
          3,615,607
Security Description     Principal
Amount 		  Value
IOWA — 0.4%        
Iowa Finance Authority Revenue, IA

4.00%, 12/1/2050 (a)
  $200,000   $208,475
KANSAS — 0.6%        
City of Olathe, General Obligation, KS

Series 234, 3.00%, 10/1/2031
  300,000   286,357
KENTUCKY — 0.9%        
Kentucky Economic Development Finance Authority Revenue, KY

Series A, 4.25%, 7/1/2035
  450,000   448,605
LOUISIANA — 3.6%        
Louisiana Local Government Environmental Facilities & Community Development Authority Revenue, LA

Series B, 5.00%, 8/15/2025
  250,000   254,975
Louisiana Offshore Terminal Authority Revenue, LA

Series 2007A, 4.15%, 9/1/2027
  250,000   251,997
Louisiana Public Facilities Authority Revenue, LA

Series A, 4.00%, 4/1/2039
  320,000   322,840
Louisiana Stadium & Exposition District Revenue, LA

Series A, 5.00%, 7/1/2039
  800,000   900,023
          1,729,835
MARYLAND — 1.0%        
State of Maryland Department of Transportation Revenue, MD:        
Series B, AMT, 5.00%, 8/1/2030
  200,000   219,253
Series B, AMT, 5.00%, 8/1/2031
  250,000   277,399
          496,652
MICHIGAN — 5.6%        
Michigan Finance Authority Revenue, MI:        
5.00%, 11/1/2034
  110,000   118,434
5.50%, 12/1/2026
  700,000   715,746
Michigan State Housing Development Authority Revenue, MI

Series A, 4.70%, 12/1/2043
  750,000   758,799
Southfield Public Schools, General Obligation, MI

5.00%, 5/1/2046
  1,000,000   1,095,827
          2,688,806
MINNESOTA — 1.0%        
Duluth Economic Development Authority Revenue, MN

Series A, 4.00%, 6/15/2037
  380,000   376,986
State of Minnesota, General Obligation, MN

Series A, 5.00%, 8/1/2035
  100,000   109,535
          486,521
 
See accompanying notes to Schedule of Investments.
112
SPDR NUVEEN MUNICIPAL BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
MISSOURI — 3.5%        
City of Kansas City Sanitary Sewer System Revenue, MO

Series A, 4.00%, 1/1/2036
  $600,000   $600,415
City of St. Louis Airport Revenue, MO

Series C, 5.00%, 7/1/2029
  100,000   110,497
Park Hill School District of Platte County, General Obligation, MO

3.00%, 3/1/2032
  1,000,000   965,801
          1,676,713
NEBRASKA — 0.6%        
Central Plains Energy Project Revenue, NE

Series A, 5.00%, 5/1/2054 (a)
  275,000   290,825
NEVADA — 1.1%        
Las Vegas Valley Water District, General Obligation, NV

5.00%, 6/1/2039
  500,000   502,875
NEW JERSEY — 3.7%        
New Jersey Economic Development Authority Revenue, NJ

5.00%, 6/15/2031
  1,000,000   1,106,632
New Jersey Transportation Trust Fund Authority Revenue, NJ:        
Series A, 5.00%, 6/15/2025
  245,000   249,399
Series BB, 5.00%, 6/15/2040
  380,000   427,689
          1,783,720
NEW MEXICO — 2.1%        
New Mexico Hospital Equipment Loan Council Revenue, NM

Series A, 4.00%, 8/1/2039
  1,000,000   994,580
NEW YORK — 5.2%        
City of New York, General Obligation, NY

Series A-1, 4.00%, 8/1/2037
  1,020,000   1,061,306
New York City Industrial Development Agency Revenue, NY

Series A, AGM, 3.00%, 3/1/2036 (c)
  795,000   746,452
New York State Dormitory Authority Revenue, NY

Series B, 5.00%, 2/15/2034
  300,000   303,308
New York Transportation Development Corp. Revenue, NY

AMT, 6.00%, 4/1/2035
  250,000   283,509
Triborough Bridge & Tunnel Authority Revenue, NY

Series A, 5.00%, 11/1/2025
  85,000   87,415
          2,481,990
OHIO — 2.4%        
State of Ohio Revenue, OH:        
Series A, 3.25%, 1/1/2035
  580,000   551,842
Security Description     Principal
Amount 		  Value
Series B, 3.90%, 1/15/2045 (a)
  $320,000   $320,000
Series C, 3.90%, 1/15/2045 (a)
  300,000   300,000
          1,171,842
OKLAHOMA — 1.7%        
Oklahoma County Finance Authority Revenue, OK

4.00%, 9/1/2038
  500,000   513,853
Oklahoma Development Finance Authority Revenue, OK

Series B, 5.00%, 8/15/2038
  300,000   306,437
          820,290
OREGON — 5.7%        
Medford Hospital Facilities Authority Revenue, OR

Series A, 5.00%, 8/15/2032
  900,000   996,783
Port of Portland Airport Revenue, OR

AMT, 4.00%, 7/1/2026 (a)
  1,000,000   1,000,000
Washington & Clackamas Counties School District No. 23J Tigard-Tualatin, General Obligation, OR

Series A, 5.00%, 6/15/2038
  695,000   757,281
          2,754,064
PENNSYLVANIA — 4.5%        
City of Philadelphia Airport Revenue, PA

Series B, AMT, 5.00%, 7/1/2032
  750,000   782,568
Commonwealth Financing Authority Revenue, PA

AGM, 4.00%, 6/1/2039 (c)
  550,000   553,077
Pennsylvania Turnpike Commission Revenue, PA

Series B, 5.00%, 12/1/2031
  800,000   821,386
          2,157,031
TENNESSEE — 1.0%        
New Memphis Arena Public Building Authority Revenue, TN

Zero Coupon, 4/1/2030 (d)
  530,000   487,440
TEXAS — 6.7%        
Austin Independent School District, General Obligation, TX

5.00%, 8/1/2036
  500,000   581,556
Central Texas Turnpike System Revenue, TX

Series B, 5.00%, 8/15/2037
  525,000   527,261
Forney Independent School District, General Obligation, TX

Series B, 5.00%, 8/15/2039 (c)
  425,000   473,261
Harris County-Houston Sports Authority Revenue, TX

Series A, 5.00%, 11/15/2029
  505,000   508,633
New Hope Cultural Education Facilities Finance Corp. Revenue, TX

Series A1, 5.50%, 1/1/2057
  465,000   381,342
 
See accompanying notes to Schedule of Investments.
113
SPDR NUVEEN MUNICIPAL BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Texas Municipal Power Agency Revenue, TX

AGM, 3.00%, 9/1/2039 (c)
  $250,000   $220,251
Texas Private Activity Bond Surface Transportation Corp. Revenue, TX

AMT, 5.50%, 12/31/2058
  500,000   546,194
          3,238,498
UTAH — 3.9%        
City of Salt Lake City Airport Revenue, UT

Series A, AMT, 5.25%, 7/1/2038
  375,000   419,742
Utah Telecommunication Open Infrastructure Agency Revenue, UT

4.38%, 6/1/2040
  750,000   771,947
Vineyard Redevelopment Agency, Special Obligation, UT:        
AGM, 5.00%, 5/1/2024 (c)
  350,000   350,289
AGM, 5.00%, 5/1/2027 (c)
  325,000   342,641
          1,884,619
VIRGINIA — 1.8%        
Isle Wight County Industrial Development Authority Revenue, VA

AGM, 5.25%, 7/1/2048
  345,000   377,170
Virginia Small Business Financing Authority Revenue, VA:        
AMT, 5.00%, 6/30/2039
  125,000   132,323
AMT, 5.00%, 12/31/2039
  355,000   375,797
          885,290
WASHINGTON — 3.0%        
Energy Northwest Revenue, WA

Series A, 5.00%, 7/1/2039
  300,000   342,859
Port of Seattle Revenue, WA

Series C, AMT, 5.00%, 4/1/2035
  750,000   751,586
State of Washington, General Obligation, WA

Series 2017-A, 5.00%, 8/1/2029
  150,000   156,061
Washington Health Care Facilities Authority Revenue, WA

5.00%, 8/15/2037
  200,000   203,298
          1,453,804
WISCONSIN — 2.4%        
Public Finance Authority Revenue, WI

Series A, 6.00%, 6/15/2052
  250,000   240,456
Wisconsin Health & Educational Facilities Authority Revenue, WI

Series A, 3.00%, 10/15/2037
  425,000   369,497
Security Description     Principal
Amount 		  Value
Wisconsin Housing & Economic Development Authority Housing Revenue, WI

Series A, 2.05%, 11/1/2036
  $700,000   $548,562
          1,158,515
TOTAL MUNICIPAL BONDS & NOTES

(Cost $48,804,075)
  48,031,033  
    Shares  
SHORT-TERM INVESTMENT — 0.2%  
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (e) (f)

(Cost $120,302)
120,302 120,302
TOTAL INVESTMENTS — 99.9%

(Cost $48,924,377)
48,151,335
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.1%
40,320
NET ASSETS — 100.0%
$48,191,655
(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(b) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 4.1% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(c) Bond is insured by the following:
  % of
Net Assets
Assured Guaranty Municipal Corp.
5.1%  
Permanent School Fund Guaranteed
1.0%  
Build America Mutual Assurance Company
0.7%  
Assured Guaranty Corp.
0.2%  
(d) Step-up bond - Coupon rate increases in increments to maturity. Rate shown as of March 31, 2024. Maturity date shown is the final maturity.
(e) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(f) The rate shown is the annualized seven-day yield at March 31, 2024.
AMT Alternative Minimum Tax
 
See accompanying notes to Schedule of Investments.
114
SPDR NUVEEN MUNICIPAL BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Municipal Bonds & Notes
  $—   $48,031,033   $—   $48,031,033
Short-Term Investment
  120,302   —   —   120,302
TOTAL INVESTMENTS
  $120,302   $48,031,033   $—   $48,151,335
 
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
State Street Institutional U.S. Government Money Market Fund, Class G Shares
167,594   $167,594   $12,079,056   $12,126,348   $—   $—   120,302   $120,302   $18,649
See accompanying notes to Schedule of Investments.
115
SPDR NUVEEN MUNICIPAL BOND ESG ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
MUNICIPAL BONDS & NOTES — 98.9%      
ALABAMA — 2.1%        
Black Belt Energy Gas District Revenue, AL

Series C, 5.50%, 10/1/2054 (a)
  $600,000   $656,898
County of Jefferson Sewer Revenue, AL

5.25%, 10/1/2040
  180,000   200,565
          857,463
ARIZONA — 0.6%        
City of Phoenix Civic Improvement Corp. Revenue, AZ

Series D, 5.00%, 7/1/2030
  215,000   228,668
CALIFORNIA — 4.9%        
California Community Choice Financing Authority Revenue, CA

Series D, 5.50%, 5/1/2054 (a)
  600,000   641,386
Compton Unified School District, General Obligation, CA

Series B, BAM, 4.00%, 6/1/2032 (b)
  175,000   179,840
Folsom Ranch Financing Authority, Special Tax Revenue, CA

5.00%, 9/1/2029
  145,000   153,504
Los Angeles Department of Water & Power Revenue, CA

Series E, 5.00%, 7/1/2039
  600,000   601,947
Orange County Community Facilities District, Special Tax Revenue, CA

Series A, 5.00%, 8/15/2052
  200,000   202,863
San Mateo Foster City Public Financing Authority Revenue, CA

4.00%, 8/1/2035
  175,000   184,687
          1,964,227
COLORADO — 1.3%        
Regional Transportation District Revenue, CO

Series A, 5.00%, 7/15/2027
  500,000   523,823
CONNECTICUT — 6.1%        
Connecticut State Health & Educational Facilities Authority Revenue, CT

Series L, 5.00%, 7/1/2047
  600,000   631,907
State of Connecticut Special Tax Revenue, CT

Series A, 4.00%, 5/1/2039
  460,000   473,965
State of Connecticut, General Obligation, CT

Series F, 5.00%, 11/15/2041
  610,000   683,927
Steel Point Infrastructure Improvement District, Special Obligation, CT

4.00%, 4/1/2031 (c)
  300,000   282,891
Security Description     Principal
Amount 		  Value
University of Connecticut Revenue, CT

Series A, 5.00%, 4/15/2026
  $380,000   $394,540
          2,467,230
DELAWARE — 0.4%        
Delaware Transportation Authority Revenue, DE

3.25%, 7/1/2025
  180,000   179,256
DISTRICT OF COLUMBIA — 1.8%        
District of Columbia Revenue, DC

Series A, AMT, 5.00%, 8/31/2026
  700,000   721,359
FLORIDA — 8.2%        
City of Gainesville Utilities System Revenue, FL

Series A, 5.00%, 10/1/2025
  290,000   297,387
City of Pompano Beach Revenue, FL

3.50%, 9/1/2030
  250,000   238,345
City of Tallahassee Utility System Revenue, FL

5.00%, 10/1/2037
  560,000   562,933
Florida Development Finance Corp. Revenue, FL:        
4.00%, 11/15/2034
  385,000   403,772
Series A, 4.00%, 6/15/2042
  500,000   453,816
Series A, AMT, 8.00%, 7/1/2057 (a) (c)
  300,000   318,000
Series C, 8.25%, 7/1/2057 (a) (c)
  290,000   289,908
Miami-Dade County Expressway Authority Revenue, FL

Series A, 5.00%, 7/1/2025
  100,000   100,283
Orlando Utilities Commission Revenue, FL

Series A, 5.00%, 10/1/2027
  150,000   160,799
Palm Beach County Health Facilities Authority Revenue, FL

5.00%, 11/15/2032
  100,000   103,542
Somerset Community Development District, Special Assessment, FL:        
4.00%, 5/1/2032
  200,000   192,888
4.20%, 5/1/2037
  200,000   187,880
          3,309,553
IDAHO — 2.4%        
Idaho Housing & Finance Association Revenue, ID

Series A, 4.00%, 8/15/2048
  1,000,000   973,909
ILLINOIS — 7.9%        
Chicago O'Hare International Airport Revenue, IL:        
BAM, 5.00%, 1/1/2038 (b)
  250,000   274,745
Series C, AMT, 5.00%, 1/1/2034
  400,000   445,538
City of Chicago, General Obligation, IL

Series A, 5.50%, 1/1/2039
  275,000   303,336
 
See accompanying notes to Schedule of Investments.
116
SPDR NUVEEN MUNICIPAL BOND ESG ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Cook County Community College District No. 508, General Obligation, IL

BAM, 5.00%, 12/1/2040 (b)
  $500,000   $546,632
Illinois Finance Authority Revenue, IL:        
5.00%, 7/1/2036
  270,000   304,232
Series C, 5.00%, 8/15/2035
  410,000   416,781
Illinois State Toll Highway Authority Revenue, IL:        
Series B, 5.00%, 1/1/2036
  600,000   600,000
Series B, 5.00%, 1/1/2027
  140,000   147,367
State of Illinois, General Obligation, IL

5.50%, 1/1/2028
  130,000   140,721
          3,179,352
IOWA — 0.8%        
Iowa Finance Authority Revenue, IA

4.00%, 12/1/2050 (a)
  300,000   312,712
MARYLAND — 2.6%        
Maryland Economic Development Corp. Revenue, MD

Series B, AMT, 5.00%, 12/31/2036
  425,000   454,237
State of Maryland, General Obligation, MD

Series B, 5.00%, 8/1/2027
  400,000   428,350
Washington Suburban Sanitary Commission Revenue, MD

5.00%, 6/1/2027
  150,000   160,028
          1,042,615
MASSACHUSETTS — 0.7%        
Massachusetts Development Finance Agency Revenue, MA

Series A-2, 5.00%, 7/1/2027
  250,000   266,252
MICHIGAN — 1.9%        
Michigan State Housing Development Authority Revenue, MI

Series A, 4.70%, 12/1/2043
  750,000   758,799
MINNESOTA — 1.9%        
City of Minneapolis/St. Paul Housing & Redevelopment Authority Revenue, MN

Series A, 5.00%, 11/15/2026
  435,000   449,779
Minneapolis-St. Paul Metropolitan Airports Commission Revenue, MN

Series B, AMT, 5.00%, 1/1/2034
  300,000   334,154
          783,933
MONTANA — 0.5%        
Cascade County Elementary School District No. 1 Great Falls, General Obligation, MT

3.00%, 7/1/2029
  205,000   204,795
Security Description     Principal
Amount 		  Value
NEVADA — 1.2%        
Las Vegas Valley Water District, General Obligation, NV

5.00%, 6/1/2039
  $500,000   $502,875
NEW JERSEY — 3.4%        
Hudson County Improvement Authority Revenue, NJ

3.00%, 10/1/2034
  160,000   154,166
New Jersey Economic Development Authority Revenue, NJ:        
Series MMM, 5.00%, 6/15/2033
  180,000   198,861
Series QQQ, 5.00%, 6/15/2033
  275,000   309,276
New Jersey Transportation Trust Fund Authority Revenue, NJ

Series CC, 5.25%, 6/15/2036
  300,000   348,677
State of New Jersey, General Obligation, NJ

Series A, 5.00%, 6/1/2027
  330,000   350,004
          1,360,984
NEW YORK — 10.1%        
City of New York, General Obligation, NY:        
Series E1, 5.00%, 4/1/2039
  300,000   342,628
Series A, 5.00%, 8/1/2025
  105,000   107,499
Hudson Yards Infrastructure Corp. Revenue, NY

Series A, 5.00%, 2/15/2030
  300,000   317,133
Metropolitan Transportation Authority Revenue, NY:        
Series E, 3.50%, 11/15/2032
  110,000   109,901
Series A, 5.00%, 11/15/2037
  575,000   655,397
New York City Health & Hospitals Corp. Revenue, NY

Series A, 5.00%, 2/15/2039
  180,000   199,094
New York City Transitional Finance Authority Building Aid Revenue, NY

Series S1A, 5.00%, 7/15/2038
  475,000   514,663
New York City Transitional Finance Authority Future Tax Secured Revenue, NY

Series A, 5.00%, 11/1/2026
  880,000   924,828
New York Transportation Development Corp. Revenue, NY:        
AMT, 5.00%, 12/1/2036
  250,000   273,129
AMT, 5.00%, 12/1/2037
  300,000   325,029
AMT, 6.00%, 4/1/2035
  250,000   283,509
          4,052,810
NORTH CAROLINA — 0.9%        
County of Durham Revenue, NC

Series A, 5.00%, 6/1/2042
  320,000   360,975
OKLAHOMA — 3.0%        
Carter County Public Facilities Authority Revenue, OK

5.00%, 9/1/2028
  200,000   209,209
 
See accompanying notes to Schedule of Investments.
117
SPDR NUVEEN MUNICIPAL BOND ESG ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Grand River Dam Authority Revenue, OK

Series A, 5.00%, 6/1/2039
  $700,000   $700,284
Muskogee Industrial Trust Revenue, OK

4.00%, 9/1/2032
  100,000   99,649
Norman Regional Hospital Authority Revenue, OK

4.00%, 9/1/2037
  230,000   206,244
          1,215,386
OREGON — 5.1%        
Medford Hospital Facilities Authority Revenue, OR

Series A, 5.00%, 8/15/2037
  745,000   808,745
Port of Portland Airport Revenue, OR

AMT, 4.00%, 7/1/2026 (a)
  535,000   535,000
Warm Springs Reservation Confederated Tribe Revenue, OR

Series B, 5.00%, 11/1/2039 (c)
  650,000   697,848
          2,041,593
PENNSYLVANIA — 6.0%        
Pennsylvania Economic Development Financing Authority Revenue, PA:        
Series A-2, 4.00%, 5/15/2053
  250,000   232,923
Series A-2, 4.60%, 10/1/2046 (a)
  750,000   762,473
Pennsylvania Turnpike Commission Revenue, PA:        
5.00%, 6/1/2027
  500,000   513,709
Series E, 6.00%, 12/1/2030 (a)
  820,000   908,712
          2,417,817
TENNESSEE — 0.6%        
Tennessee Housing Development Agency Revenue, TN

Series 2A, 4.15%, 7/1/2038
  250,000   252,937
TEXAS — 8.6%        
City of Dallas, General Obligation, TX

AGM, 3.13%, 2/15/2035 (b)
  950,000   915,857
Love Field Airport Modernization Corp. Revenue, TX

AMT, 5.00%, 11/1/2034
  105,000   107,866
Lower Colorado River Authority Revenue, TX

Series B, 5.00%, 5/15/2039 (a)
  590,000   622,901
Tarrant County Cultural Education Facilities Finance Corp. Revenue, TX

Series A, 4.00%, 11/15/2035
  600,000   604,048
Texas Private Activity Bond Surface Transportation Corp. Revenue, TX

AMT, 5.50%, 12/31/2058
  500,000   546,194
Security Description     Principal
Amount 		  Value
Texas Woman's University Revenue, TX

Series A, 5.00%, 7/1/2037
  $585,000   $658,627
          3,455,493
UTAH — 1.0%        
City of Salt Lake City Airport Revenue, UT

Series A, AMT, 5.25%, 7/1/2038
  375,000   419,742
VIRGINIA — 2.5%        
Isle Wight County Industrial Development Authority Revenue, VA

AGM, 5.25%, 7/1/2048 (b)
  345,000   377,170
Virginia Beach Development Authority Revenue, VA

Series A, 7.00%, 9/1/2053
  100,000   111,863
Virginia Small Business Financing Authority Revenue, VA

AMT, 5.00%, 1/1/2037
  500,000   535,375
          1,024,408
WASHINGTON — 5.7%        
Central Puget Sound Regional Transit Authority Revenue, WA

Series S-1, 5.00%, 11/1/2045
  105,000   107,901
King County Public Hospital District No. 1, General Obligation, WA

5.00%, 12/1/2036
  590,000   623,345
Port of Seattle Revenue, WA:        
Series B, 5.00%, 6/1/2034
  200,000   225,056
Series C, AMT, 5.00%, 4/1/2035
  750,000   751,586
State of Washington, General Obligation, WA

Series A, 5.00%, 8/1/2033
  250,000   265,342
Washington Health Care Facilities Authority Revenue, WA

5.00%, 8/15/2037
  300,000   304,948
          2,278,178
WISCONSIN — 6.7%        
Public Finance Authority Revenue, WI

Series A, 4.00%, 11/15/2037
  600,000   598,729
Public Finance Authority, Special Obligation, WI

Series A, 5.00%, 6/1/2041 (c) (d)
  100,000   97,199
State of Wisconsin, General Obligation, WI

Series 1, 5.00%, 5/1/2038
  600,000   701,214
Wisconsin Health & Educational Facilities Authority Revenue, WI

Series A, 4.00%, 4/1/2039
  800,000   777,723
 
See accompanying notes to Schedule of Investments.
118
SPDR NUVEEN MUNICIPAL BOND ESG ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Wisconsin Housing & Economic Development Authority Housing Revenue, WI

Series A, 2.05%, 11/1/2036
  $675,000   $528,970
          2,703,835
TOTAL MUNICIPAL BONDS & NOTES

(Cost $39,634,344)
  39,860,979  
    Shares  
SHORT-TERM INVESTMENT — 0.8%  
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (e) (f)

(Cost $323,488)
323,488 323,488
TOTAL INVESTMENTS — 99.7%

(Cost $39,957,832)
40,184,467
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.3%
139,590
NET ASSETS — 100.0%
$40,324,057
    
(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(b) Bond is insured by the following:
  % of
Net Assets
Assured Guaranty Municipal Corp
3.2%  
Build America Mutual Assurance Company
2.5%  
(c) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 4.2% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d) When-issued security.
(e) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(f) The rate shown is the annualized seven-day yield at March 31, 2024.
AMT Alternative Minimum Tax
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Municipal Bonds & Notes
  $—   $39,860,979   $—   $39,860,979
Short-Term Investment
  323,488   —   —   323,488
TOTAL INVESTMENTS
  $323,488   $39,860,979   $—   $40,184,467
 
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
State Street Institutional U.S. Government Money Market Fund, Class G Shares
263,694   $263,694   $9,369,685   $9,309,891   $—   $—   323,488   $323,488   $13,403
See accompanying notes to Schedule of Investments.
119
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
CORPORATE BONDS & NOTES — 61.0%          
AUSTRALIA — 0.7%        
FMG Resources August 2006 Pty. Ltd.:          
5.88%, 4/15/2030 (a)
    $109,000   $107,162
6.13%, 4/15/2032 (a)
    8,000   7,909
Infrabuild Australia Pty. Ltd.

14.50%, 11/15/2028 (a)
    23,000   23,850
Northern Star Resources Ltd.

6.13%, 4/11/2033 (a)
    126,000   126,460
          265,381
BRAZIL — 0.3%        
Petrobras Global Finance BV

6.50%, 7/3/2033
    105,000   106,719
CANADA — 1.8%        
Bombardier, Inc.

7.25%, 7/1/2031 (a)
    30,000   30,085
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC

6.25%, 9/15/2027 (a)
    7,000   6,849
Enbridge, Inc.

6.20%, 11/15/2030
    140,000   148,418
Garda World Security Corp.

9.50%, 11/1/2027 (a)
    33,000   33,099
goeasy Ltd.

7.63%, 7/1/2029 (a)
    48,000   48,149
Magna International, Inc.

5.98%, 3/21/2026
    183,000   183,031
TransCanada PipeLines Ltd.

6.20%, 3/9/2026
    219,000   218,634
          668,265
CHINA — 0.7%        
Alibaba Group Holding Ltd.

3.15%, 2/9/2051
    129,000   85,749
NXP BV/NXP Funding LLC/NXP USA, Inc.

5.00%, 1/15/2033
    44,000   42,977
Prosus NV

4.19%, 1/19/2032 (a)
    165,000   142,813
          271,539
FRANCE — 0.9%        
BNP Paribas SA 5 yr. CMT + 3.20%,

4.63%, 1/12/2027 (a) (b)
    165,000   149,449
Societe Generale SA 1 yr. CMT + 2.95%,

7.13%, 1/19/2055 (a) (b)
    200,000   198,966
          348,415
GERMANY — 0.5%        
Deutsche Bank AG:          
SOFR + 1.72%, 3.04%, 5/28/2032 (b)
    90,000   75,773
Security Description     Principal
Amount 		  Value
SOFR + 1.87%, 2.13%, 11/24/2026 (b)
    $125,000   $117,937
          193,710
HONG KONG — 0.1%        
Seaspan Corp.

5.50%, 8/1/2029 (a)
    50,000   43,593
IRELAND — 0.7%        
AerCap Ireland Capital DAC/AerCap Global Aviation Trust

3.30%, 1/30/2032
    90,000   77,081
Bank of Ireland Group PLC 1 yr. CMT + 2.65%,

6.25%, 9/16/2026 (a) (b)
    165,000   166,008
          243,089
ITALY — 2.2%        
Intesa Sanpaolo SpA:          
5.02%, 6/26/2024 (a)
    165,000   164,388
1 yr. CMT + 4.40%, 8.25%, 11/21/2033 (a) (b)
    200,000   223,468
Telecom Italia Capital SA

7.72%, 6/4/2038
    34,000   34,017
UniCredit SpA 5 yr. USD ICE Swap + 4.91%,

7.30%, 4/2/2034 (a) (b)
    406,000   417,222
          839,095
JAPAN — 0.4%        
NTT Finance Corp.

4.14%, 7/26/2024 (a)
    165,000   164,198
NETHERLANDS — 0.5%        
ING Groep NV SOFR + 1.56%,

6.92%, 9/11/2027 (b)
    200,000   202,706
SPAIN — 1.6%        
Banco Bilbao Vizcaya Argentaria SA:          
1 yr. CMT + 1.95%, 6.03%, 3/13/2035 (b)
    200,000   202,864
Series 9, 5 yr. CMT + 5.19%, 6.50%, 3/5/2025 (b)
    200,000   198,266
CaixaBank SA SOFR + 2.26%,

6.04%, 6/15/2035 (a) (b)
    200,000   201,520
          602,650
SWITZERLAND — 1.8%        
Credit Suisse AG

4.75%, 8/9/2024
    410,000   408,405
UBS Group AG SOFR + 3.70%,

6.44%, 8/11/2028 (a) (b)
    214,000   220,435
VistaJet Malta Finance PLC/Vista Management Holding, Inc.:          
6.38%, 2/1/2030 (a)
    11,000   8,116
9.50%, 6/1/2028 (a)
    31,000   26,360
          663,316
 
See accompanying notes to Schedule of Investments.
120
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
UNITED KINGDOM — 1.5%        
Barclays PLC 5 yr. CMT + 3.41%,

4.38%, 3/15/2028 (b)
    $284,000   $232,900
British Telecommunications PLC

9.63%, 12/15/2030
    95,000   116,515
Standard Chartered PLC 1 yr. CMT + 0.95%,

1.82%, 11/23/2025 (a) (b)
    165,000   160,482
TechnipFMC PLC

6.50%, 2/1/2026 (a)
    36,000   35,880
          545,777
UNITED STATES — 47.3%        
Adtalem Global Education, Inc.

5.50%, 3/1/2028 (a)
    91,000   87,163
Advanced Drainage Systems, Inc.

6.38%, 6/15/2030 (a)
    5,000   5,023
Advantage Sales & Marketing, Inc.

6.50%, 11/15/2028 (a)
    55,000   51,795
Ahead DB Holdings LLC

6.63%, 5/1/2028 (a)
    23,000   20,820
Alteryx, Inc.

8.75%, 3/15/2028 (a)
    8,000   8,229
Amazon.com, Inc.

3.10%, 5/12/2051
    85,000   60,870
AMC Networks, Inc.

4.25%, 2/15/2029
    50,000   35,449
American Builders & Contractors Supply Co., Inc.

4.00%, 1/15/2028 (a)
    34,000   31,827
American Express Co.

5.85%, 11/5/2027
    35,000   36,048
American International Group, Inc. Series A-9, 3 mo. USD Term SOFR + 2.87%,

5.75%, 4/1/2048 (b)
    17,000   16,672
American Tower Corp.

2.30%, 9/15/2031
    145,000   118,184
Ameriprise Financial, Inc.

4.50%, 5/13/2032
    44,000   42,625
AmeriTex HoldCo Intermediate LLC

10.25%, 10/15/2028 (a)
    46,000   49,543
Amgen, Inc.

4.20%, 3/1/2033
    90,000   84,137
Antero Midstream Partners LP/Antero Midstream Finance Corp.:          
5.75%, 1/15/2028 (a)
    65,000   63,974
6.63%, 2/1/2032 (a)
    46,000   46,196
Aptim Corp.

7.75%, 6/15/2025 (a)
    27,000   26,642
APX Group, Inc.

5.75%, 7/15/2029 (a)
    55,000   52,875
Arches Buyer, Inc.

6.13%, 12/1/2028 (a)
    38,000   31,883
Arcosa, Inc.

4.38%, 4/15/2029 (a)
    24,000   22,153
Security Description     Principal
Amount 		  Value
Aretec Group, Inc.

7.50%, 4/1/2029 (a)
    $31,000   $29,502
Armor Holdco, Inc.

8.50%, 11/15/2029 (a)
    17,000   16,056
Arthur J Gallagher & Co.

6.50%, 2/15/2034
    95,000   102,179
ASGN, Inc.

4.63%, 5/15/2028 (a)
    71,000   67,162
Ashton Woods USA LLC/Ashton Woods Finance Co.

4.63%, 4/1/2030 (a)
    48,000   43,791
AT&T, Inc.

3.80%, 12/1/2057
    7,000   5,066
Avnet, Inc.

5.50%, 6/1/2032
    42,000   40,697
Bain Capital Specialty Finance, Inc.

2.55%, 10/13/2026
    153,000   140,241
Bank of America Corp.:          
5 yr. CMT + 1.20%, 2.48%, 9/21/2036 (b)
    95,000   75,901
SOFR + 1.99%, 6.20%, 11/10/2028 (b)
    130,000   134,488
Series MTN, SOFR + 1.33%, 6.70%, 4/2/2026 (b)
    295,000   297,227
BellRing Brands, Inc.

7.00%, 3/15/2030 (a)
    29,000   29,876
BGC Group, Inc.

4.38%, 12/15/2025
    127,000   123,497
BlackRock TCP Capital Corp.

2.85%, 2/9/2026
    124,000   116,295
BlackRock, Inc.

2.10%, 2/25/2032
    63,000   51,709
Blackstone Mortgage Trust, Inc.

3.75%, 1/15/2027 (a)
    63,000   56,187
Blackstone Private Credit Fund:          
2.35%, 11/22/2024
    200,000   195,260
2.63%, 12/15/2026
    131,000   119,654
Blackstone Secured Lending Fund:          
2.75%, 9/16/2026
    130,000   119,834
2.85%, 9/30/2028
    46,000   40,554
Block, Inc.

0.13%, 3/1/2025
    20,000   20,438
Blue Owl Capital Corp. II

8.45%, 11/15/2026 (a)
    55,000   56,645
Blue Owl Credit Income Corp.

5.50%, 3/21/2025
    100,000   99,250
BlueLinx Holdings, Inc.

6.00%, 11/15/2029 (a)
    45,000   43,646
Boise Cascade Co.

4.88%, 7/1/2030 (a)
    103,000   95,744
Booking Holdings, Inc.

0.75%, 5/1/2025
    5,000   9,661
Brand Industrial Services, Inc.

10.38%, 8/1/2030 (a)
    23,000   24,887
 
See accompanying notes to Schedule of Investments.
121
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Bristow Group, Inc.

6.88%, 3/1/2028 (a)
    $30,000   $29,406
Broadcom, Inc.:          
3.50%, 2/15/2041 (a)
    204,000   158,402
4.15%, 4/15/2032 (a)
    116,000   107,502
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC

4.50%, 4/1/2027 (a)
    64,000   58,408
Builders FirstSource, Inc.

5.00%, 3/1/2030 (a)
    17,000   16,213
Caterpillar Financial Services Corp. Series MTN,

3.65%, 8/12/2025
    85,000   83,354
CCO Holdings LLC/CCO Holdings Capital Corp.:          
4.50%, 8/15/2030 (a)
    85,000   71,401
4.50%, 6/1/2033 (a)
    11,000   8,585
CenterPoint Energy Houston Electric LLC

5.30%, 4/1/2053
    16,000   15,948
Central Garden & Pet Co.

4.13%, 10/15/2030
    84,000   75,348
Century Communities, Inc.

3.88%, 8/15/2029 (a)
    68,000   61,231
Chobani LLC/Chobani Finance Corp., Inc.

7.63%, 7/1/2029 (a)
    9,000   9,133
Chord Energy Corp.

6.38%, 6/1/2026 (a)
    36,000   36,125
Clean Harbors, Inc.

5.13%, 7/15/2029 (a)
    9,000   8,666
Cleveland-Cliffs, Inc.

7.00%, 3/15/2032 (a)
    68,000   68,955
CNX Midstream Partners LP

4.75%, 4/15/2030 (a)
    43,000   38,288
CNX Resources Corp.

6.00%, 1/15/2029 (a)
    80,000   78,403
Coeur Mining, Inc.

5.13%, 2/15/2029 (a)
    25,000   23,648
Coinbase Global, Inc.

3.38%, 10/1/2028 (a)
    61,000   52,104
Comcast Corp.

2.99%, 11/1/2063
    80,000   49,171
Comerica, Inc. SOFR + 2.16%,

5.98%, 1/30/2030 (b)
    70,000   69,199
Consolidated Communications, Inc.

6.50%, 10/1/2028 (a)
    53,000   46,514
Continental Resources, Inc.

2.27%, 11/15/2026 (a)
    58,000   53,430
COPT Defense Properties LP

2.75%, 4/15/2031
    17,000   14,007
Cornerstone Building Brands, Inc.

6.13%, 1/15/2029 (a)
    28,000   24,984
Covanta Holding Corp.

4.88%, 12/1/2029 (a)
    56,000   50,256
Security Description     Principal
Amount 		  Value
Crowdstrike Holdings, Inc.

3.00%, 2/15/2029
    $111,000   $98,415
Crown Castle, Inc.

5.80%, 3/1/2034
    50,000   51,188
CSI Compressco LP/CSI Compressco Finance, Inc.

7.50%, 4/1/2025 (a)
    42,000   42,000
CVR Energy, Inc.

5.75%, 2/15/2028 (a)
    55,000   51,698
CVS Health Corp.:          
5.25%, 2/21/2033
    89,000   89,041
5.30%, 6/1/2033
    80,000   80,112
CyberArk Software Ltd.

Zero Coupon, 11/15/2024
    11,000   18,715
Dave & Buster's, Inc.

7.63%, 11/1/2025 (a)
    36,000   36,282
DaVita, Inc.:          
3.75%, 2/15/2031 (a)
    21,000   17,570
4.63%, 6/1/2030 (a)
    50,000   44,755
Delek Logistics Partners LP/Delek Logistics Finance Corp.

7.13%, 6/1/2028 (a)
    67,000   65,452
Diamondback Energy, Inc.

6.25%, 3/15/2033
    85,000   90,637
Directv Financing LLC

8.88%, 2/1/2030 (a)
    33,000   32,919
Directv Financing LLC/Directv Financing Co.-Obligor, Inc.

5.88%, 8/15/2027 (a)
    95,000   89,882
Discover Financial Services SOFR + 3.37%,

7.96%, 11/2/2034 (b)
    175,000   198,228
DISH DBS Corp.

5.88%, 11/15/2024
    180,000   172,015
DraftKings Holdings, Inc.

Zero Coupon, 3/15/2028
    35,000   30,330
Dream Finders Homes, Inc.

8.25%, 8/15/2028 (a)
    49,000   51,133
Eco Material Technologies, Inc.

7.88%, 1/31/2027 (a)
    39,000   39,611
Eli Lilly & Co.

4.70%, 2/27/2033
    73,000   72,737
Encino Acquisition Partners Holdings LLC

8.50%, 5/1/2028 (a)
    40,000   40,428
Energizer Holdings, Inc.

4.75%, 6/15/2028 (a)
    54,000   50,080
Energy Transfer LP:          
5.95%, 5/15/2054
    125,000   124,736
6.40%, 12/1/2030
    140,000   147,683
EnLink Midstream LLC

6.50%, 9/1/2030 (a)
    10,000   10,285
Enstar Group Ltd.

3.10%, 9/1/2031
    22,000   18,275
Entegris, Inc.

3.63%, 5/1/2029 (a)
    37,000   33,232
 
See accompanying notes to Schedule of Investments.
122
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Enterprise Products Operating LLC

5.05%, 1/10/2026
    $65,000   $64,968
Enviri Corp.

5.75%, 7/31/2027 (a)
    36,000   33,885
EQM Midstream Partners LP

4.00%, 8/1/2024
    82,000   81,452
Eversource Energy

4.75%, 5/15/2026
    219,000   216,679
Fair Isaac Corp.:          
4.00%, 6/15/2028 (a)
    60,000   56,072
5.25%, 5/15/2026 (a)
    45,000   44,478
Fidelity National Financial, Inc.

2.45%, 3/15/2031
    34,000   28,015
Fiserv, Inc.

5.45%, 3/15/2034
    145,000   146,898
Foot Locker, Inc.

4.00%, 10/1/2029 (a)
    82,000   69,049
Forestar Group, Inc.:          
3.85%, 5/15/2026 (a)
    58,000   55,395
5.00%, 3/1/2028 (a)
    37,000   35,608
Fortress Transportation & Infrastructure Investors LLC:          
6.50%, 10/1/2025 (a)
    72,000   71,867
9.75%, 8/1/2027 (a)
    24,000   24,868
Freedom Mortgage Holdings LLC

9.25%, 2/1/2029 (a)
    15,000   15,348
Frontier Communications Holdings LLC:          
5.88%, 11/1/2029
    18,048   15,237
6.75%, 5/1/2029 (a)
    68,000   60,592
Full House Resorts, Inc.

8.25%, 2/15/2028 (a)
    18,000   17,196
Gap, Inc.:          
3.63%, 10/1/2029 (a)
    39,000   34,165
3.88%, 10/1/2031 (a)
    21,000   17,762
Gartner, Inc.

3.63%, 6/15/2029 (a)
    29,000   26,271
General Motors Financial Co., Inc.:          
2.90%, 2/26/2025
    57,000   55,593
3.80%, 4/7/2025
    215,000   211,057
5.00%, 4/9/2027
    68,000   67,520
5.40%, 4/6/2026
    125,000   125,104
G-III Apparel Group Ltd.

7.88%, 8/15/2025 (a)
    41,000   41,131
Global Infrastructure Solutions, Inc.

5.63%, 6/1/2029 (a)
    33,000   30,302
Global Partners LP/GLP Finance Corp.

8.25%, 1/15/2032 (a)
    48,000   49,800
Global Payments, Inc.

5.40%, 8/15/2032
    35,000   34,694
GPS Hospitality Holding Co. LLC/GPS Finco, Inc.

7.00%, 8/15/2028 (a)
    28,000   22,807
Security Description     Principal
Amount 		  Value
Graham Packaging Co., Inc.

7.13%, 8/15/2028 (a)
    $30,000   $27,215
Grand Canyon University

4.13%, 10/1/2024
    60,000   58,619
Gray Television, Inc.

4.75%, 10/15/2030 (a)
    54,000   35,454
Great Lakes Dredge & Dock Corp.

5.25%, 6/1/2029 (a)
    26,000   23,139
Griffon Corp.

5.75%, 3/1/2028
    55,000   53,887
GrubHub Holdings, Inc.

5.50%, 7/1/2027 (a)
    56,000   50,813
Guidewire Software, Inc.

1.25%, 3/15/2025
    10,000   11,530
GYP Holdings III Corp.

4.63%, 5/1/2029 (a)
    32,000   29,787
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.

5.75%, 1/20/2026 (a)
    59,072   55,574
Helix Energy Solutions Group, Inc.

9.75%, 3/1/2029 (a)
    78,000   83,432
Hilton Domestic Operating Co., Inc.

5.88%, 4/1/2029 (a)
    135,000   135,204
HLF Financing SARL LLC/Herbalife International, Inc.

4.88%, 6/1/2029 (a)
    41,000   28,513
HubSpot, Inc.

0.38%, 6/1/2025
    5,000   11,215
Hudson Pacific Properties LP

4.65%, 4/1/2029
    7,000   5,978
Interface, Inc.

5.50%, 12/1/2028 (a)
    43,000   41,193
International Business Machines Corp.

4.40%, 7/27/2032
    80,000   76,956
Iron Mountain, Inc.

4.88%, 9/15/2029 (a)
    150,000   140,658
ITT Holdings LLC

6.50%, 8/1/2029 (a)
    17,000   15,523
Jabil, Inc.

5.45%, 2/1/2029
    11,000   11,064
Jackson Financial, Inc.

3.13%, 11/23/2031
    165,000   137,443
JPMorgan Chase & Co.:          
SOFR + 1.46%, 3.16%, 4/22/2042 (b)
    80,000   60,765
SOFR + 2.08%, 4.91%, 7/25/2033 (b)
    110,000   107,622
SOFR + 2.58%, 5.72%, 9/14/2033 (b)
    60,000   61,188
Series HH, 3 mo. USD Term SOFR + 3.13%, 4.60%, 2/1/2025 (b)
    90,000   88,700
 
See accompanying notes to Schedule of Investments.
123
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Series II, 3 mo. USD Term SOFR + 2.75%, 4.00%, 4/1/2025 (b)
    $130,000   $126,461
KB Home:          
4.00%, 6/15/2031
    8,000   7,093
4.80%, 11/15/2029
    89,000   84,884
Kinder Morgan, Inc.

4.80%, 2/1/2033
    85,000   81,332
Kohl's Corp.

4.63%, 5/1/2031
    57,000   47,987
Landsea Homes Corp.

8.88%, 4/1/2029 (a)
    49,000   48,738
LCM Investments Holdings II LLC

4.88%, 5/1/2029 (a)
    6,000   5,514
Liberty Mutual Group, Inc.

4.30%, 2/1/2061 (a)
    100,000   63,974
Lions Gate Capital Holdings LLC

5.50%, 4/15/2029 (a)
    35,000   26,761
Louisiana-Pacific Corp.

3.63%, 3/15/2029 (a)
    86,000   78,296
Lowe's Cos., Inc.

2.80%, 9/15/2041
    95,000   67,543
LSF9 Atlantis Holdings LLC/Victra Finance Corp.

7.75%, 2/15/2026 (a)
    47,000   46,652
M/I Homes, Inc.

4.95%, 2/1/2028
    90,000   85,765
Martin Midstream Partners LP/Martin Midstream Finance Corp.

11.50%, 2/15/2028 (a)
    19,000   20,202
Maxim Crane Works Holdings Capital LLC

11.50%, 9/1/2028 (a)
    22,000   23,853
McCormick & Co., Inc.

4.95%, 4/15/2033
    73,000   72,255
Medtronic Global Holdings SCA

4.25%, 3/30/2028
    47,000   46,162
Micron Technology, Inc.:          
3.37%, 11/1/2041
    58,000   43,086
5.30%, 1/15/2031
    60,000   60,384
6.75%, 11/1/2029
    80,000   85,859
MicroStrategy, Inc.

6.13%, 6/15/2028 (a)
    13,000   12,558
Millennium Escrow Corp.

6.63%, 8/1/2026 (a)
    28,000   16,582
MIWD Holdco II LLC/MIWD Finance Corp.

5.50%, 2/1/2030 (a)
    34,000   31,303
ModivCare Escrow Issuer, Inc.

5.00%, 10/1/2029 (a)
    35,000   25,371
Moody's Corp.

2.00%, 8/19/2031
    56,000   45,619
Moog, Inc.

4.25%, 12/15/2027 (a)
    90,000   84,768
Security Description     Principal
Amount 		  Value
Morgan Stanley:          
SOFR + 1.36%, 2.48%, 9/16/2036 (b)
    $140,000   $110,663
SOFR + 2.08%, 4.89%, 7/20/2033 (b)
    90,000   87,297
Series MTN, SOFR + 1.59%, 5.16%, 4/20/2029 (b)
    68,000   67,957
Series MTN, SOFR + 1.88%, 5.42%, 7/21/2034 (b)
    50,000   50,157
MPLX LP

4.95%, 9/1/2032
    60,000   58,337
MSCI, Inc.

3.63%, 11/1/2031 (a)
    25,000   21,718
Murphy Oil USA, Inc.

4.75%, 9/15/2029
    61,000   57,877
Nationstar Mortgage Holdings, Inc.:          
5.00%, 2/1/2026 (a)
    27,000   26,422
7.13%, 2/1/2032 (a)
    42,000   41,696
NCL Corp. Ltd.:          
3.63%, 12/15/2024 (a)
    23,000   22,683
5.88%, 3/15/2026 (a)
    36,000   35,548
Nestle Holdings, Inc.:          
2.50%, 9/14/2041 (a)
    95,000   68,410
4.13%, 10/1/2027 (a)
    125,000   122,447
New Fortress Energy, Inc.

6.50%, 9/30/2026 (a)
    72,000   69,343
Newfold Digital Holdings Group, Inc.

6.00%, 2/15/2029 (a)
    37,000   28,866
Newmark Group, Inc.

7.50%, 1/12/2029 (a)
    90,000   92,539
News Corp.

3.88%, 5/15/2029 (a)
    69,000   63,223
NextEra Energy Capital Holdings, Inc.:          
4.26%, 9/1/2024
    50,000   49,684
6.05%, 3/1/2025
    31,000   31,120
NFP Corp.

6.88%, 8/15/2028 (a)
    40,000   40,508
NGL Energy Operating LLC/NGL Energy Finance Corp.

8.13%, 2/15/2029 (a)
    18,000   18,437
NGL Energy Partners LP/NGL Energy Finance Corp.

7.50%, 4/15/2026
    21,000   20,993
NMG Holding Co., Inc./Neiman Marcus Group LLC

7.13%, 4/1/2026 (a)
    28,000   27,448
Noble Finance II LLC

8.00%, 4/15/2030 (a)
    77,000   80,212
NRG Energy, Inc.:          
2.75%, 6/1/2048
    10,000   16,556
3.38%, 2/15/2029 (a)
    80,000   71,154
3.63%, 2/15/2031 (a)
    43,000   37,124
5.25%, 6/15/2029 (a)
    12,000   11,509
 
See accompanying notes to Schedule of Investments.
124
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Oncor Electric Delivery Co. LLC

4.30%, 5/15/2028
    $94,000   $91,983
Osaic Holdings, Inc.

10.75%, 8/1/2027 (a)
    25,000   25,825
Oscar AcquisitionCo LLC/Oscar Finance, Inc.

9.50%, 4/15/2030 (a)
    25,000   24,660
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC

4.00%, 10/15/2027 (a)
    53,000   49,511
Panther Escrow Issuer LLC

7.13%, 6/1/2031 (a)
    25,000   25,446
Park-Ohio Industries, Inc.

6.63%, 4/15/2027
    24,000   22,473
Patrick Industries, Inc.

4.75%, 5/1/2029 (a)
    42,000   39,212
PHH Mortgage Corp.

7.88%, 3/15/2026 (a)
    40,000   38,717
Phinia, Inc.

6.75%, 4/15/2029 (a)
    15,000   15,146
Pike Corp.

5.50%, 9/1/2028 (a)
    24,000   22,951
Pitney Bowes, Inc.

7.25%, 3/15/2029 (a)
    50,000   44,669
PM General Purchaser LLC

9.50%, 10/1/2028 (a)
    19,000   19,418
Presidio Holdings, Inc.

8.25%, 2/1/2028 (a)
    24,000   23,934
Prudential Financial, Inc. 5 yr. CMT + 3.23%,

6.00%, 9/1/2052 (b)
    45,000   44,830
Public Service Enterprise Group, Inc.

5.45%, 4/1/2034
    115,000   115,214
Public Storage Operating Co.

2.25%, 11/9/2031
    44,000   36,514
QUALCOMM, Inc.

5.40%, 5/20/2033
    130,000   136,386
QVC, Inc.:          
4.75%, 2/15/2027
    47,000   41,805
5.45%, 8/15/2034
    13,000   8,635
Rain Carbon, Inc.

12.25%, 9/1/2029 (a)
    45,000   46,746
Rand Parent LLC

8.50%, 2/15/2030 (a)
    19,000   18,799
Rayonier AM Products, Inc.

7.63%, 1/15/2026 (a)
    27,000   24,779
Republic Services, Inc.

5.00%, 4/1/2034
    21,000   20,837
Resideo Funding, Inc.

4.00%, 9/1/2029 (a)
    107,000   95,970
ROBLOX Corp.

3.88%, 5/1/2030 (a)
    111,000   97,810
Rockies Express Pipeline LLC

4.95%, 7/15/2029 (a)
    68,000   63,600
Security Description     Principal
Amount 		  Value
Royal Caribbean Cruises Ltd.:          
5.38%, 7/15/2027 (a)
    $7,000   $6,899
5.50%, 4/1/2028 (a)
    10,000   9,878
7.50%, 10/15/2027
    7,000   7,373
Sabre GLBL, Inc.:          
8.63%, 6/1/2027 (a)
    14,000   12,285
11.25%, 12/15/2027 (a)
    32,000   30,042
Sammons Financial Group, Inc.

6.88%, 4/15/2034 (a)
    95,000   95,718
Santander Holdings USA, Inc. SOFR + 1.25%,

2.49%, 1/6/2028 (b)
    110,000   100,003
Scripps Escrow II, Inc.

5.38%, 1/15/2031 (a)
    35,000   21,491
Seagate HDD Cayman:          
8.50%, 7/15/2031 (a)
    61,000   65,896
9.63%, 12/1/2032
    47,000   53,588
Sempra

3.70%, 4/1/2029
    22,000   20,577
Sinclair Television Group, Inc.

5.50%, 3/1/2030 (a)
    46,000   33,143
SK Invictus Intermediate II SARL

5.00%, 10/30/2029 (a)
    10,000   8,921
Smyrna Ready Mix Concrete LLC

6.00%, 11/1/2028 (a)
    59,000   57,676
Southern Co.

5.15%, 10/6/2025
    175,000   174,786
Specialty Building Products Holdings LLC/SBP Finance Corp.

6.38%, 9/30/2026 (a)
    31,000   30,763
Spirit AeroSystems, Inc.

4.60%, 6/15/2028
    49,000   45,980
Standard Industries, Inc.:          
3.38%, 1/15/2031 (a)
    18,000   15,093
4.38%, 7/15/2030 (a)
    50,000   44,903
5.00%, 2/15/2027 (a)
    13,000   12,612
Starwood Property Trust, Inc.

4.38%, 1/15/2027 (a)
    145,000   136,399
Steelcase, Inc.

5.13%, 1/18/2029
    101,000   95,468
Stem, Inc.

0.50%, 12/1/2028 (a)
    176,000   85,216
StoneMor, Inc.

8.50%, 5/15/2029 (a)
    22,000   15,219
SunCoke Energy, Inc.

4.88%, 6/30/2029 (a)
    46,000   41,683
Sunoco LP/Sunoco Finance Corp.

4.50%, 5/15/2029
    76,000   70,765
Synchrony Financial

7.25%, 2/2/2033
    54,000   53,732
Talen Energy Supply LLC

8.63%, 6/1/2030 (a)
    95,000   101,566
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.:          
5.50%, 1/15/2028 (a)
    82,000   79,055
 
See accompanying notes to Schedule of Investments.
125
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
6.00%, 3/1/2027 (a)
    $5,000   $4,922
Taylor Morrison Communities, Inc.

5.75%, 1/15/2028 (a)
    74,000   73,578
Tempur Sealy International, Inc.:          
3.88%, 10/15/2031 (a)
    44,000   37,417
4.00%, 4/15/2029 (a)
    54,000   49,056
Tenneco, Inc.

8.00%, 11/17/2028 (a)
    26,000   23,720
Texas Instruments, Inc.

4.90%, 3/14/2033
    94,000   94,998
Thor Industries, Inc.

4.00%, 10/15/2029 (a)
    45,000   40,300
Titan International, Inc.

7.00%, 4/30/2028
    39,000   38,495
T-Mobile USA, Inc.

4.80%, 7/15/2028
    146,000   144,790
TMS International Corp.

6.25%, 4/15/2029 (a)
    26,000   23,804
TopBuild Corp.

3.63%, 3/15/2029 (a)
    63,000   57,288
TransDigm, Inc.:          
6.88%, 12/15/2030 (a)
    63,000   64,264
7.13%, 12/1/2031 (a)
    35,000   36,103
Tri Pointe Homes, Inc.

5.70%, 6/15/2028
    94,000   92,459
TriNet Group, Inc.

3.50%, 3/1/2029 (a)
    68,000   60,993
TripAdvisor, Inc.

7.00%, 7/15/2025 (a)
    25,000   25,042
Triumph Group, Inc.

9.00%, 3/15/2028 (a)
    27,000   28,467
Tronox, Inc.

4.63%, 3/15/2029 (a)
    56,000   50,188
Uber Technologies, Inc.:          
7.50%, 9/15/2027 (a)
    8,000   8,194
8.00%, 11/1/2026 (a)
    41,000   41,471
Unisys Corp.

6.88%, 11/1/2027 (a)
    49,000   43,691
United Airlines Pass-Through Trust:          
Series 2020-1, Class A, 5.88%, 4/15/2029
    24,558   24,511
Series 2020-1, Class B, 4.88%, 7/15/2027
    85,623   84,102
United Parcel Service, Inc.

4.88%, 3/3/2033
    104,000   104,168
UnitedHealth Group, Inc.

5.88%, 2/15/2053
    85,000   92,016
Upbound Group, Inc.

6.38%, 2/15/2029 (a)
    47,000   45,633
Urban One, Inc.

7.38%, 2/1/2028 (a)
    37,000   31,502
USA Compression Partners LP/USA Compression Finance Corp.

7.13%, 3/15/2029 (a)
    68,000   68,770
Security Description     Principal
Amount 		  Value
USI, Inc.

7.50%, 1/15/2032 (a)
    $24,000   $24,026
Valaris Ltd.

8.38%, 4/30/2030 (a)
    54,000   55,613
Veritas U.S., Inc./Veritas Bermuda Ltd.

7.50%, 9/1/2025 (a)
    35,000   32,083
Verizon Communications, Inc.:          
2.10%, 3/22/2028
    136,000   122,488
2.85%, 9/3/2041
    24,000   17,280
3.55%, 3/22/2051
    61,000   45,245
Vertiv Group Corp.

4.13%, 11/15/2028 (a)
    105,000   97,693
Viasat, Inc.

7.50%, 5/30/2031 (a)
    37,000   26,854
Victoria's Secret & Co.

4.63%, 7/15/2029 (a)
    51,000   41,854
Virtusa Corp.

7.13%, 12/15/2028 (a)
    28,000   25,244
Vistra Operations Co. LLC:          
4.38%, 5/1/2029 (a)
    25,000   23,169
5.00%, 7/31/2027 (a)
    97,000   93,990
5.63%, 2/15/2027 (a)
    21,000   20,676
VMware LLC

4.50%, 5/15/2025
    240,000   237,679
Vornado Realty LP

3.40%, 6/1/2031
    11,000   8,704
Warnermedia Holdings, Inc.

6.41%, 3/15/2026
    58,000   58,002
WASH Multifamily Acquisition, Inc.

5.75%, 4/15/2026 (a)
    45,000   43,961
Waste Pro USA, Inc.

5.50%, 2/15/2026 (a)
    24,000   23,646
Watco Cos. LLC/Watco Finance Corp.

6.50%, 6/15/2027 (a)
    25,000   24,701
Weatherford International Ltd.

8.63%, 4/30/2030 (a)
    26,000   27,143
Weekley Homes LLC/Weekley Finance Corp.

4.88%, 9/15/2028 (a)
    37,000   34,225
Wells Fargo & Co.:          
SOFR + 1.79%, 6.30%, 10/23/2029 (b)
    150,000   156,268
SOFR + 2.02%, 5.39%, 4/24/2034 (b)
    73,000   72,453
Werner FinCo LP/Werner FinCo, Inc.

11.50%, 6/15/2028 (a)
    7,000   7,634
Western Midstream Operating LP

6.15%, 4/1/2033
    11,000   11,277
White Cap Buyer LLC

6.88%, 10/15/2028 (a)
    26,000   25,509
Windstream Escrow LLC/Windstream Escrow Finance Corp.

7.75%, 8/15/2028 (a)
    17,000   15,753
 
See accompanying notes to Schedule of Investments.
126
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
World Acceptance Corp.

7.00%, 11/1/2026 (a)
    $16,000   $14,882
Xerox Holdings Corp.

5.50%, 8/15/2028 (a)
    65,000   59,177
XPO CNW, Inc.

6.70%, 5/1/2034
    11,000   11,459
XPO, Inc.

7.13%, 6/1/2031 (a)
    101,000   103,688
Zillow Group, Inc.

0.75%, 9/1/2024
    10,000   11,823
          17,814,631
TOTAL CORPORATE BONDS & NOTES

(Cost $22,963,285)
        22,973,084
ASSET-BACKED SECURITIES — 9.2%          
AMMC CLO 15 Ltd. Series 2014-15A, Class BR3, 3 mo. USD Term SOFR + 1.91%,

7.23%, 1/15/2032 (a) (b)
    250,000   249,400
Anchorage Capital CLO 9 Ltd. Series 2016-9A, Class AR2, 3 mo. USD Term SOFR + 1.40%,

6.72%, 7/15/2032 (a) (b)
    250,000   250,000
CBAM Ltd. Series 2018-6A, Class B2R, ABS, 3 mo. USD Term SOFR + 2.36%,

7.68%, 1/15/2031 (a) (b)
    255,000   254,665
Clover CLO LLC Series 2018-1A, Class BR, 3 mo. USD Term SOFR + 1.96%,

7.28%, 4/20/2032 (a) (b)
    320,000   319,264
Elmwood CLO V Ltd. Series 2020-2A, Class AR, 3 mo. USD Term SOFR + 1.41%,

6.73%, 10/20/2034 (a) (b)
    250,000   249,900
Generate CLO 2 Ltd. Series 2A, Class BR, 3 mo. USD Term SOFR + 1.71%,

7.03%, 1/22/2031 (a) (b)
    250,000   249,300
Greywolf CLO VI Ltd. Series 2018-1A, Class A1, 3 mo. USD Term SOFR + 1.29%,

6.61%, 4/26/2031 (a) (b)
    224,496   224,249
Hayfin U.S. XII Ltd. Series 2018-8A, Class B, ABS, 3 mo. USD Term SOFR + 1.74%,

7.06%, 4/20/2031 (a) (b)
    250,000   249,075
KKR CLO 22 Ltd. Series 22A, Class B, 3 mo. USD Term SOFR + 1.86%,

7.18%, 7/20/2031 (a) (b)
    250,000   249,300
OHA Credit Funding 6 Ltd. Series 2020-6A, Class AR, 3 mo. USD Term SOFR + 1.40%,

6.72%, 7/20/2034 (a) (b)
    250,000   250,112
Security Description     Principal
Amount 		  Value
OneMain Direct Auto Receivables Trust Series 2021-1A, Class A, ABS,

0.87%, 7/14/2028 (a)
    $425,775   $411,135
OZLM Funding IV Ltd. Series 2013-4A, Class A2R, 3 mo. USD Term SOFR + 1.96%,

7.28%, 10/22/2030 (a) (b)
    250,000   249,425
Post CLO Ltd. Series 2023-1A, Class B1, 3 mo. USD Term SOFR + 2.50%,

7.82%, 4/20/2036 (a) (b)
    250,000   252,363
TOTAL ASSET-BACKED SECURITIES

(Cost $3,420,496)
        3,458,188
    Shares  
CONVERTIBLE BONDS — 0.8%    
UNITED STATES — 0.8%    
Axon Enterprise, Inc.

0.50%, 12/15/2027
  10,000 14,534
Cloudflare, Inc.

8/15/2026
  36,000 33,745
Fluor Corp.

1.13%, 8/15/2029 (a)
  15,000 16,903
Freshpet, Inc.

3.00%, 4/1/2028
  9,000 16,177
Liberty Media Corp.

3.75%, 3/15/2028
  15,000 18,425
Liberty Media Corp.-Liberty Formula One

2.25%, 8/15/2027
  20,000 20,257
Liberty TripAdvisor Holdings, Inc.

0.50%, 6/30/2051 (a)
  30,000 28,163
Nutanix, Inc.

0.25%, 10/1/2027
  10,000 12,277
Parsons Corp.

2.63%, 3/1/2029 (a)
  15,000 16,353
Royal Caribbean Cruises Ltd.

6.00%, 8/15/2025
  5,000 14,210
Sarepta Therapeutics, Inc.

1.25%, 9/15/2027
  10,000 11,695
Seagate HDD Cayman

3.50%, 6/1/2028 (a)
  10,000 12,709
TransMedics Group, Inc.

1.50%, 6/1/2028 (a)
  10,000 10,882
Uber Technologies, Inc.

0.88%, 12/1/2028 (a)
  35,000 43,365
Welltower OP LLC

2.75%, 5/15/2028 (a)
  15,000 16,723
Western Digital Corp.

3.00%, 11/15/2028 (a)
  10,000 14,691
 
See accompanying notes to Schedule of Investments.
127
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Shares   Value
Zscaler, Inc.

0.13%, 7/1/2025
    10,000   $13,644
          314,753
TOTAL CONVERTIBLE BONDS

(Cost $299,947)
        314,753
CONVERTIBLE FOREIGN BONDS — 0.1%        
UNITED STATES — 0.1%        
Carnival Corp.

5.75%, 12/1/2027
    10,000   15,082
TOTAL CONVERTIBLE FOREIGN BONDS

(Cost $14,938)
        15,082
    Principal
Amount 		 
SENIOR FLOATING RATE LOANS — 20.1%      
ADVERTISING SERVICES — 0.4%      
Clear Channel Outdoor Holdings, Inc., 2024 Term Loan, 1 mo. USD Term SOFR + 4.00%, 9.44%, 8/23/2028 (b)
  $28,144 28,179
CMG Media Corp., 2021 Term Loan, 3 mo. USD Term SOFR + 3.50%, 8.82%, 12/17/2026 (b)
  145,855 127,558
      155,737
AEROSPACE & DEFENSE — 0.1%      
TransDigm, Inc., 2023 Term Loan J, 1 mo. USD Term SOFR + 3.25%, 8.60%, 2/14/2031 (b)
  39,900 40,141
AIR FREIGHT & LOGISTICS — 0.3%      
Rand Parent LLC, 2023 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.57%, 3/17/2030 (b)
  95,040 95,322
AIRLINES — 0.8%      
American Airlines, Inc.:      
2021 Term Loan, 3 mo. USD Term SOFR + 4.75%, 10.33%, 4/20/2028 (b)
  93,500 97,260
2023 1st Lien Term Loan, 6 mo. USD Term SOFR + 3.50%, 8.77%, 6/4/2029 (b)
  115,000 115,503
SkyMiles IP Ltd., 2020 Skymiles Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.07%, 10/20/2027 (b)
  81,000 83,641
      296,404
Security Description     Principal
Amount 		  Value
AUTO PARTS & EQUIPMENT — 0.6%          
First Brands Group LLC:          
2021 Term Loan, 3 mo. USD Term SOFR + 5.00%, 10.57%, 3/30/2027 (b)
    $63,545   $63,719
2022 Incremental Term Loan, 3 mo. USD Term SOFR + 5.00%, 10.57%, 3/30/2027 (b)
    49,175   49,268
Wheel Pros LLC, 2023 FILO Term Loan, 3 mo. USD Term SOFR + 8.88%, 14.46%, 2/10/2028 (b)
    94,000   101,990
          214,977
BROADCAST SERV/PROGRAM — 0.8%          
E.W. Scripps Co., 2019 Term Loan B2, 1 mo. USD Term SOFR + 2.56%, 8.00%, 5/1/2026 (b)
    322,201   319,784
BUILDING MATERIALS — 0.2%          
MI Windows and Doors LLC, 2024 Term Loan B2 (c)
    58,000   58,345
BUILDING PRODUCTS — 0.6%          
ACProducts, Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.86%, 5/17/2028 (b)
    57   52
Emrld Borrower LP, Term Loan B, 3 mo. USD Term SOFR + 2.50%, 7.79%, 5/31/2030 (b)
    190,326   190,468
Oscar AcquisitionCo LLC, Term Loan B, 3 mo. USD Term SOFR + 4.50%, 9.95%, 4/29/2029 (b)
    30,612   30,728
          221,248
CHEMICALS — 0.9%          
Aruba Investments Holdings LLC, 2020 USD Term Loan, 1 mo. USD Term SOFR + 0.00%, 9.43%, 11/24/2027 (b)
    128,354   128,354
Bakelite US Holdco, Inc., 2022 Term Loan, 3 mo. USD Term SOFR + 4.00%, 9.31%, 5/29/2029 (b)
    53,863   53,998
LSF11 A5 Holdco LLC, Term Loan, 1 mo. USD Term SOFR + 3.50%, 8.94%, 10/15/2028 (b)
    109,537   109,715
Olympus Water U.S. Holding Corp., 2021 USD Term Loan B, 3 mo. USD Term SOFR + 3.75%, 9.32%, 11/9/2028 (b)
    54,361   54,460
          346,527
COMMERCIAL SERVICES — 2.2%          
Albion Financing 3 SARL, USD Term Loan, 3 mo. USD Term SOFR + 5.25%, 10.83%, 8/17/2026 (b)
    103,570   104,217
 
See accompanying notes to Schedule of Investments.
128
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
Camelot U.S. Acquisition LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/31/2031 (b)
    $111,798   $111,882
CoreLogic, Inc., Term Loan, 1 mo. USD Term SOFR + 3.50%, 8.94%, 6/2/2028 (b)
    23,371   22,909
GTCR W Merger Sub LLC, USD Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.31%, 1/31/2031 (b)
    266,000   267,275
Kingpin Intermediate Holdings LLC, 2023 Term Loan B, 1 mo. USD Term SOFR + 3.50%, 8.83%, 2/8/2028 (b)
    96,661   96,782
Mckissock Investment Holdings LLC, Incremental Term Loan, 3 mo. USD Term SOFR + 5.00%, 10.38%, 3/12/2029 (b)
    93,765   94,196
Neptune Bidco U.S., Inc., 2022 USD Term Loan B, 3 mo. USD Term SOFR + 5.00%, 10.42%, 4/11/2029 (b)
    129,348   119,559
Prime Security Services Borrower LLC, 2023 Term Loan B, 3 mo. USD Term SOFR + 2.50%, 7.83%, 10/14/2030 (b)
    23,028   23,069
          839,889
COMMERCIAL SERVICES & SUPPLIES — 0.4%          
McGraw-Hill Global Education Holdings LLC, 2021 Term Loan, 1 mo. USD Term SOFR + 4.75%, 10.19%, 7/28/2028 (b)
    156,607   157,082
COMMUNICATIONS EQUIPMENT — 0.2%          
CommScope, Inc., 2019 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.58%, 4/6/2026 (b)
    102,887   93,627
COMPUTERS — 0.7%          
Genuine Financial Holdings LLC, 2023 Term Loan B, 1 mo. USD Term SOFR + 4.00%, 9.32%, 9/27/2030 (b)
    120,395   119,733
NCR Atleos LLC, Term Loan B, 3 mo. USD Term SOFR + 4.75%, 10.16%, 3/27/2029 (b)
    139,000   139,869
          259,602
CONSTRUCTION & ENGINEERING — 0.2%          
VM Consolidated, Inc., 2024 Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.08%, 3/24/2028 (b)
    78,102   78,512
Security Description     Principal
Amount 		  Value
CONTAINERS & PACKAGING — 0.3%          
Graham Packaging Co., Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.44%, 8/4/2027 (b)
    $116,146   $116,256
DIVERSIFIED FINANCIAL SERVICES — 0.4%          
Paysafe Holdings U.S. Corp., USD Term Loan B1, 1 mo. USD Term SOFR + 2.75%, 8.19%, 6/28/2028 (b)
    156,006   155,095
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.2%          
Crown Subsea Communications Holding, Inc., 2024 Term Loan B, 3 mo. USD Term SOFR + 4.75%, 10.07%, 1/30/2031 (b)
    72,727   73,242
ENERGY-ALTERNATE SOURCES — 0.2%          
Array Technologies, Inc., Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.69%, 10/14/2027 (b)
    86,784   86,802
HEALTH CARE EQUIPMENT & SUPPLIES — 0.3%          
Bausch & Lomb Corp., 2023 Incremental Term Loan, 1 mo. USD Term SOFR + 4.00%, 9.33%, 9/29/2028 (b)
    62,685   62,764
Medline Borrower LP, 2024 Term Loan B (c)
    50,069   50,251
          113,015
HEALTH CARE PROVIDERS & SERVICES — 1.9%          
Agiliti Health, Inc., 2023 Term Loan, 3 mo. USD Term SOFR + 3.00%, 8.33%, 5/1/2030 (b)
    156,132   155,693
Avantor Funding, Inc., 2021 Term Loan B5, 1 mo. USD Term SOFR + 2.25%, 7.68%, 11/8/2027 (b)
    17,545   17,592
CHG Healthcare Services, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.69%, 9/29/2028 (b)
    292,500   293,079
LifePoint Health, Inc.:          
2023 Term Loan B, 3 mo. USD Term SOFR + 5.50%, 11.09%, 11/16/2028 (b)
    120,000   120,461
2024 Term Loan B (c)
    119,678   120,137
          706,962
 
See accompanying notes to Schedule of Investments.
129
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
HOTELS, RESTAURANTS & LEISURE — 0.5%          
19th Holdings Golf LLC, 2022 Term Loan B, 1 mo. USD Term SOFR + 3.35%, 8.67%, 2/7/2029 (b)
    $154,040   $150,671
Caesars Entertainment, Inc., Term Loan B, 3 mo. USD Term SOFR + 3.25%, 8.66%, 2/6/2030 (b)
    44,550   44,733
          195,404
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.6%          
Kohler Energy Co. LLC, USD Term Loan B (c)
    210,000   210,568
INSURANCE — 0.9%          
Sedgwick Claims Management Services, Inc., 2023 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.08%, 2/24/2028 (b)
    218,390   219,035
USI, Inc.:          
2023 Acquisition Term Loan, 3 mo. USD Term SOFR + 3.25%, 8.60%, 9/27/2030 (b)
    21,945   21,988
2023 Term Loan B, 3 mo. USD Term SOFR + 3.00%, 8.35%, 11/22/2029 (b)
    98,753   98,917
          339,940
INTERNET & TELECOM — 0.3%          
Arches Buyer, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.25%, 8.68%, 12/6/2027 (b)
    102,098   99,127
Uber Technologies, Inc., 2023 Term Loan B, 3 mo. USD Term SOFR + 2.75%, 8.08%, 3/3/2030 (b)
    32,426   32,603
          131,730
IT SERVICES — 0.0% (d)          
Access CIG LLC, 2023 Term Loan, 1 mo. USD Term SOFR + 5.00%, 10.33%, 8/18/2028 (b)
    6,982   6,999
LEISURE INDUSTRY — 0.4%          
Carnival Corp., 2023 Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.32%, 8/8/2027 (b)
    139,943   140,322
MEDIA — 0.7%          
Cengage Learning, Inc., 2024 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.58%, 3/15/2031 (b)
    55,878   55,887
Directv Financing LLC, 2024 Term Loan, 2 mo. USD Term SOFR + 5.00%, 10.25%, 8/2/2029 (b)
    110,181   110,276
Security Description     Principal
Amount 		  Value
MH Sub I LLC, 2023 Term Loan, 1 mo. USD Term SOFR + 4.25%, 9.58%, 5/3/2028 (b)
    $108,183   $107,666
          273,829
MISCELLANEOUS MANUFACTUR — 0.2%          
Gates Global LLC, 2021 Term Loan B3, 1 mo. USD Term SOFR + 2.50%, 7.93%, 3/31/2027 (b)
    70,066   70,271
PHARMACEUTICALS — 0.8%          
IVC Acquisition Ltd., 2023 USD Term Loan B, 3 mo. USD Term SOFR + 5.50%, 10.82%, 12/12/2028 (b)
    78,000   78,292
Jazz Financing Lux SARL, 2024 Term Loan B, 1 mo. USD Term SOFR + 3.00%, 8.44%, 5/5/2028 (b)
    91,951   92,526
Organon & Co., USD Term Loan, 1 mo. USD Term SOFR + 3.00%, 8.43%, 6/2/2028 (b)
    112,394   112,933
          283,751
PROFESSIONAL SERVICES — 0.2%          
Proofpoint, Inc., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.25%, 8.58%, 8/31/2028 (b)
    73,707   73,828
RETAIL — 0.3%          
CWGS Group LLC, 2021 Term Loan B, 1 mo. USD Term SOFR + 2.50%, 7.94%, 6/3/2028 (b)
    119,692   116,909
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.3%          
Altar Bidco, Inc., 2021 Term Loan, 12 mo. USD Term SOFR + 3.10%, 7.95%, 2/1/2029 (b)
    130,674   130,707
SOFTWARE — 1.7%          
Dun & Bradstreet Corp., 2024 Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.08%, 1/18/2029 (b)
    125,017   125,133
Open Text Corp., 2023 Term Loan B, 1 mo. USD Term SOFR + 2.75%, 8.18%, 1/31/2030 (b)
    164,630   165,099
Project Alpha Intermediate Holding, Inc., 2023 1st Lien Term Loan B, 3 mo. USD Term SOFR + 4.75%, 10.06%, 10/28/2030 (b)
    143,125   144,069
Sabre Global, Inc.:          
2021 Term Loan B1, 1 mo. USD Term SOFR + 3.50%, 8.94%, 12/17/2027 (b)
    45,101   38,465
 
See accompanying notes to Schedule of Investments.
130
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
Security Description     Principal
Amount 		  Value
2021 Term Loan B2, 1 mo. USD Term SOFR + 3.50%, 8.94%, 12/17/2027 (b)
    $70,658   $60,261
UKG, Inc., 2024 Term Loan B (c)
    100,126   100,767
          633,794
SPECIALTY RETAIL — 0.9%          
Michaels Cos., Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 4.25%, 9.57%, 4/15/2028 (b)
    125,472   112,897
PetSmart, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.75%, 9.18%, 2/11/2028 (b)
    219,190   218,962
          331,859
TRANSPORT-SERVICES — 0.6%          
Endure Digital, Inc., Term Loan, 6 mo. USD Term SOFR + 3.50%, 9.42%, 2/10/2028 (b)
    98,578   96,434
PODS LLC, 2021 Term Loan B (c)
    118,696   116,922
          213,356
TOTAL SENIOR FLOATING RATE LOANS

(Cost $7,594,743)
        7,581,836
    Shares  
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS — 4.5%      
SPDR Blackstone Senior Loan ETF (e)

(Cost $ 1,687,776)
  40,506 $1,705,708
    Principal
Amount 		 
COMMERCIAL MORTGAGE BACKED SECURITIES — 0.3%      
COMM Mortgage Trust Series 2012-CR3, Class B, 3.92%, 10/15/2045 (a)

(Cost $96,054)
  $97,024 92,274
    
Security Description     Shares   Value
SHORT-TERM INVESTMENT — 3.3%          
State Street Institutional U.S. Government Money Market Fund, Class G Shares 5.30% (f) (g)

(Cost $1,241,319)
    1,241,319   $1,241,319
TOTAL INVESTMENTS — 99.3%

(Cost $37,318,558)
        37,382,244
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.7%
        281,672
NET ASSETS — 100.0%
        $37,663,916
(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 39.7% of net assets as of March 31, 2024, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(b) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.
(c) Position is unsettled. Contract rate was not determined at March 31, 2024 and does not take effect until settlement date. Maturity date is not finalized until settlement date.
(d) Amount is less than 0.05% of net assets.
(e) Affiliated fund managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(f) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2024 are shown in the Affiliate Table below.
(g) The rate shown is the annualized seven-day yield at March 31, 2024.
ABS Asset-Backed Security
CLO Collateralized Loan Obligation
CMT Constant Maturity Treasury
CVR Contingent Value Rights
MTN Medium Term Note
REIT Real Estate Investment Trust
SOFR Secured Overnight Financing Rate
 
See accompanying notes to Schedule of Investments.
131
SPDR LOOMIS SAYLES OPPORTUNISTIC BOND ETF
Schedule of Investments  (continued)
March 31, 2024 (Unaudited)
At March 31, 2024, open futures contracts were as follows:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Amount 		  Value   Unrealized
Appreciation
(Depreciation)
2 Yr. U.S. Treasury Note Futures (long)   29   06/28/2024   $5,933,898   $5,930,046   $(3,852)
Ultra U.S. Treasury Bond Futures (long)   9   06/18/2024   1,138,998   1,161,000   22,002
U.S. Treasury Bond Futures (long)   14   06/18/2024   1,664,883   1,686,125   21,242
10 Yr. U.S. Treasury Ultra Futures (long)   18   06/18/2024   2,040,469   2,062,969   22,500
5 Yr. U.S. Treasury Note Futures (long)   5   06/28/2024   533,320   535,078   1,758
                    $63,650
 
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2024.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                 
INVESTMENTS:                
Corporate Bonds & Notes
  $—   $22,973,084   $—   $22,973,084
Asset-Backed Securities
  —   3,458,188   —   3,458,188
Commercial Mortgage Backed Securities
  —   92,274   —   92,274
Convertible Bonds
  —   314,753   —   314,753
Convertible Foreign Bonds
  —   15,082   —   15,082
Mutual Funds and Exchange Traded Products
  1,705,708   —   —   1,705,708
Senior Floating Rate Loans
  —   7,581,836   —   7,581,836
Short-Term Investment
  1,241,319   —   —   1,241,319
TOTAL INVESTMENTS
  $2,947,027   $34,435,217   $—   $37,382,244
OTHER FINANCIAL INSTRUMENTS:                
Futures Contracts - Unrealized Appreciation
  $67,502   $—   $—   $67,502
Futures Contracts - Unrealized Depreciation
  (3,852)   —   —   (3,852)
TOTAL OTHER FINANCIAL INSTRUMENTS:
  $63,650   $—   $—   $63,650
 
Affiliate Table
  Number of
Shares Held
at
6/30/23 		  Value at

6/30/23 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at
3/31/24 		  Value at

3/31/24 		  Dividend
Income
SPDR Blackstone Senior Loan ETF
23,140   $968,872   $727,005   $—   $—   $9,831   40,506   $1,705,708   $98,196
State Street Institutional U.S. Government Money Market Fund, Class G Shares
585,448   585,448   12,607,123   11,951,252   —   —   1,241,319   1,241,319   64,113
Total
    $1,554,320   $13,334,128   $11,951,252   $—   $9,831       $2,947,027   $162,309
See accompanying notes to Schedule of Investments.
132
SSGA ACTIVE TRUST
NOTES TO SCHEDULES OF INVESTMENTS
March 31, 2024 (Unaudited)
Security Valuation
Each Fund's investments are valued at fair value each day that the New York Stock Exchange (“NYSE”) is open and, for financial reporting purposes, as of the report date should the reporting period end on a day that the NYSE is not open. Fair value is generally defined as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. By its nature, a fair value price is a good faith estimate of the valuation in a current sale and may not reflect an actual market price. The investments of each Fund are valued pursuant to the policy and procedures developed by the Oversight Committee (the “Committee”) and approved by the Board of Trustees of the Trust (the “Board”). The Committee provides oversight of the valuation of investments for the Funds. The Board has responsibility for overseeing the determination of the fair value of investments.
Valuation techniques used to value each Fund’s investments by major category are as follows:
•  Equity investments (including preferred stocks and registered investment companies that are exchange-traded funds) traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value.
•  Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit.
•  Government and municipal fixed income securities are generally valued using quotations from independent pricing services or brokers. Certain government inflation-indexed securities may require a calculated fair valuation as the cumulative inflation is contained within the price provided by the pricing service or broker. For these securities, the inflation component of the price is “cleaned” from the pricing service or broker price utilizing the published inflation factors in order to ensure proper accrual of income.
•  Debt obligations (including short-term investments and convertible debt securities) are valued using quotations from independent pricing services or brokers or are generally valued at the last reported evaluated prices.
•  Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value.
•  Forward foreign currency exchange contracts are valued based on that day’s prevailing forward exchange rate for the underlying currencies. The rates are obtained from independent pricing services in accordance with the valuation policy and procedures approved by the Board.
•  Swap agreements are valued daily based upon prices supplied by Board approved pricing vendors or through brokers. Depending on the product and terms of the transaction, the value of agreements is determined using a series of techniques including valuation models that incorporate a number of market data factors, such as discounted cash flows, yields, curves, trades and values of the underlying reference instruments. In the event the advisor is unable to obtain an independent, third–party valuation the agreements will be fair valued.
•  Senior loans or other loans are valued at evaluated bid prices supplied by an independent pricing service, if available. Senior loans and other loans for which the Committee determines that there are no reliable valuations available from pricing services or brokers will be initially valued at cost and adjusted for amortization of principal until remeasurement is warranted due to a credit or economic event or other factors affecting the loan.
In the event prices or quotations are not readily available or that the application of these valuation methods results in a price for an investment that is deemed to be not representative of the fair value of such investment, fair value will be determined in good faith by the Committee, in accordance with the valuation policy and procedures approved by the Board.
133
SSGA ACTIVE TRUST
NOTES TO SCHEDULES OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Fair value pricing could result in a difference between the prices used to calculate a Portfolio's or Fund's NAV and the prices used by the Portfolios' or Funds' underlying benchmark. Various inputs are used in determining the value of the Portfolios' or Funds' investments.
The Portfolios or Funds value their assets and liabilities at fair value using a fair value hierarchy consisting of three broad levels that prioritize the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with investing in it.
The three levels of the fair value hierarchy are as follows:
•  Level 1 – Unadjusted quoted prices in active markets for an identical asset or liability;
•  Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and
•  Level 3 – Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments.
The value of each Fund’s investments according to the fair value hierarchy as of March 31, 2024, is disclosed in the Fund's respective Schedules of Investments.
Futures Contracts
The Funds may enter into futures contracts to meet the Funds’ objectives. A futures contract is a standardized, exchange-traded agreement to buy or sell a financial instrument at a set price on a future date. Upon entering into a futures contract, a Fund is required to deposit with the broker, cash or securities in an amount equal to the minimum initial margin requirements of the clearing house. Securities deposited, if any, are designated on the Schedules of Investments and cash deposited, if any, is included in Net cash at broker on the Statements of Assets and Liabilities. Subsequent payments are made or received by a Fund equal to the daily change in the contract value, accumulated, exchange rates, and or other transactional fees. The accumulation of those payments are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses. A Fund recognizes a realized gain or loss when the contract is closed.
Losses may arise if the value of a futures contract decreases due to unfavorable changes in the market rates or values of the underlying instrument during the term of the contract or if the counterparty does not perform under the contract. The use of futures contracts also involves the risk that the movements in the price of the futures contracts do not correlate the movement of the assets underlying such contracts.
During the period ended March 31, 2024, the SPDR SSGA Ultra Short Term Bond ETF and SPDR Loomis Sayles Opportunistic Bond ETF entered into futures contracts to hedge interest rate risk and manage duration.
Loan Agreements
The Blackstone Senior Loan ETF, SPDR DoubleLine Total Return Tactical ETF, SPDR DoubleLine Short Duration Total Return Tactical ETF, SPDR Loomis Sayles Opportunistic Bond ETF and SPDR Blackstone High Income ETF invest in Senior Loans. Senior Loans consist generally of obligations of companies and other entities (collectively, “borrowers”) incurred for the purpose of reorganizing the assets and liabilities of a borrower; acquiring another company; taking over control of a company (leveraged buyout); temporary refinancing; or financing internal growth or other general business purposes. Senior Loans are often obligations of borrowers who have incurred a significant percentage of debt compared to their total assets and thus are highly leveraged. The Funds do not treat the banks originating or acting as agents for the lenders, or granting or acting as intermediary in participation interests, in loans held by the Funds as the issuers of such loans.
134
SSGA ACTIVE TRUST
NOTES TO SCHEDULES OF INVESTMENTS  (continued)
March 31, 2024 (Unaudited)
Other Transactions with Affiliates
The Funds may invest in affiliated entities, including securities issued by State Street Corporation, affiliated funds, or entities deemed to be affiliates as a result of the Funds owning more than five percent of the entity’s voting securities or outstanding shares. Amounts relating to these transactions during the period ended March 31, 2024, are disclosed in the Funds' respective Schedules of Investments.
135