UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21145

SPDR^® INDEX SHARES FUNDS

(Exact name of registrant as specified in charter)

STATE STREET FINANCIAL CENTER
ONE LINCOLN STREET
BOSTON, MASSACHUSETTS 02111

(Address of principal executive offices)(Zip code)

(Name and Address of Agent for Service)	Copy to:
Chris Madden, Esq.	W. John McGuire, Esq.
State Street Bank and Trust Company	Bingham McCutchen LLP
One Lincoln Street/CPH0326	2020 K Street NW
Boston, MA 02111	Washington, D.C. 20006

Registrant’s telephone number, including area code: (866) 787-2257

Date of fiscal year end: September 30

Date of reporting period: December 31, 2013

Item 1. Schedule of Investments.

SPDR STOXX Europe 50 ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.8%
BELGIUM — 1.8%
Anheuser-Busch InBev NV		32,626	$	3,296,226
FRANCE — 12.6%
Air Liquide SA		13,015		1,843,616
AXA SA		84,986		2,366,721
BNP Paribas		44,056		3,439,048
LVMH Moet Hennessy Louis Vuitton SA		11,126		2,032,899
Sanofi		50,172		5,331,651
Schneider Electric SA		23,126		2,020,334
Total SA		98,491		6,043,417
				23,077,686
GERMANY — 15.4%
Allianz SE		18,836		3,383,242
BASF SE		38,268		4,086,154
Bayer AG		34,430		4,836,794
Daimler AG		40,919		3,546,573
Deutsche Bank AG		42,441		2,027,848
Deutsche Telekom AG		126,586		2,168,154
SAP AG		39,477		3,389,496
Siemens AG		34,632		4,738,233
				28,176,494
ITALY — 1.5%
ENI SpA		111,398		2,684,729
NETHERLANDS — 2.6%
ING Groep NV (a)		160,776		2,237,566
Unilever NV		65,489		2,641,792
				4,879,358
SPAIN — 5.4%
Banco Bilbao Vizcaya Argentaria SA		240,662		2,967,337
Banco Santander SA		470,971		4,222,226
Telefonica SA		165,691		2,702,094
				9,891,657
SWEDEN — 0.8%
Telefonaktiebolaget LM Ericsson (Class B)		126,698		1,548,562
SWITZERLAND — 22.1%
ABB, Ltd. (a)		96,702		2,553,059
Cie Financiere Richemont SA		21,735		2,170,201
Credit Suisse Group AG (a)		62,323		1,911,000
Glencore Xstrata PLC (a)		414,090		2,144,609
Nestle SA		134,255		9,857,594
Novartis AG		112,666		9,019,868
Roche Holding AG		29,250		8,195,986
UBS AG (a)		149,198		2,838,511
Zurich Insurance Group AG (a)		6,194		1,800,359
				40,491,187
UNITED KINGDOM — 37.6%
AstraZeneca PLC		52,017		3,079,542
Barclays PLC		627,064		2,824,402
BG Group PLC		140,983		3,029,701
BHP Billiton PLC		88,933		2,752,947
BP PLC		789,445		6,381,339
British American Tobacco PLC		78,883		4,230,443
Diageo PLC		104,136		3,449,503
GlaxoSmithKline PLC		203,407		5,429,024
HSBC Holdings PLC		775,378		8,506,666
Lloyds Banking Group PLC (a)		1,975,241		2,580,552
National Grid PLC		160,155		2,090,221
Reckitt Benckiser Group PLC		27,308		2,167,818
Rio Tinto PLC		52,225		2,949,136
Royal Dutch Shell PLC (Class A)		160,507		5,729,423
Standard Chartered PLC		81,981		1,846,621
Tesco PLC		334,108		1,850,179
Unilever PLC		53,434		2,196,570
Vodafone Group PLC		1,996,761		7,837,906
				68,931,993
TOTAL COMMON STOCKS —
(Cost $170,092,953)				182,977,892
SHORT TERM INVESTMENT — 0.4%
UNITED STATES — 0.4%
MONEY MARKET FUND — 0.4%
State Street Institutional Liquid Reserves Fund 0.06% (b)(c) (Cost $765,251)		765,251		765,251
TOTAL INVESTMENTS — 100.2%
(Cost $170,858,204)				183,743,143
OTHER ASSETS & LIABILITIES — (0.2)%				(426,900	)
NET ASSETS — 100.0%			$	183,316,243

(a)	Non-income producing security.
(b)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(c)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

1

SPDR STOXX Europe 50 ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Pharmaceuticals		19.6	%
Commercial Banks		14.3
Oil, Gas & Consumable Fuels		14.3
Food Products		8.0
Wireless Telecommunication Services		4.3
Insurance		4.2
Beverages		3.7
Capital Markets		3.6
Chemicals		3.2
Metals & Mining		3.1
Diversified Telecommunication Services		2.7
Industrial Conglomerates		2.6
Electrical Equipment		2.5
Tobacco		2.3
Textiles, Apparel & Luxury Goods		2.3
Automobiles		1.9
Software		1.9
Diversified Financial Services		1.2
Household Products		1.2
Multi-Utilities		1.1
Food & Staples Retailing		1.0
Communications Equipment		0.8
Short Term Investment		0.4
Other Assets & Liabilities		(0.2	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

2

SPDR EURO STOXX 50 ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.9%
BELGIUM — 3.0%
Anheuser-Busch InBev NV		1,388,491	$	147,130,691
FRANCE — 34.4%
Air Liquide SA		580,916		82,288,615
AXA SA		3,792,963		105,627,797
BNP Paribas		1,966,161		153,480,178
Carrefour SA		1,154,494		45,831,940
Compagnie de Saint-Gobain		851,587		46,908,419
Danone		1,086,071		78,299,548
Essilor International SA		400,392		42,636,918
France Telecom SA		3,595,587		44,590,836
GDF Suez		2,836,349		66,813,170
L’Oreal SA		442,932		77,940,153
LVMH Moet Hennessy Louis Vuitton SA		496,545		90,726,768
Sanofi		2,239,201		237,954,215
Schneider Electric SA		1,032,032		90,160,378
Societe Generale		1,483,975		86,333,255
Total SA		4,414,882		270,897,563
Unibail-Rodamco SE		180,664		46,366,168
Vinci SA		979,403		64,401,379
Vivendi SA		2,363,636		62,387,280
				1,693,644,580
GERMANY — 33.2%
Allianz SE		840,509		150,968,627
BASF SE		1,707,838		182,358,342
Bayer AG		1,536,571		215,860,493
Bayerische Motoren Werke AG		597,300		70,140,256
Daimler AG		1,826,290		158,290,076
Deutsche Bank AG		1,894,340		90,512,321
Deutsche Post AG		1,762,146		64,345,927
Deutsche Telekom AG		5,649,754		96,768,491
E.ON AG		3,718,066		68,729,166
Muenchener Rueckversicherungs- Gesellschaft AG		299,096		66,004,090
RWE AG		897,092		32,887,704
SAP AG		1,761,738		151,262,884
Siemens AG		1,545,662		211,472,229
Volkswagen AG Preference Shares		267,294		75,192,045
				1,634,792,651
IRELAND — 0.7%
CRH PLC		1,373,492		34,634,628
ITALY — 7.5%
Assicurazioni Generali SpA		2,482,584		58,496,969
Enel SpA		11,841,497		51,790,110
ENI SpA		4,972,008		119,827,067
Intesa Sanpaolo SpA		25,957,304		64,167,530
UniCredit SpA		10,042,095		74,445,749
				368,727,425
LUXEMBOURG — 0.0% (a)
APERAM (b)		1		18
NETHERLANDS — 8.8%
ASML Holding NV		713,237		66,870,023
European Aeronautic Defence and Space Co. NV		1,078,883		82,969,729
ING Groep NV (b)		7,175,730		99,866,715
Koninklijke Philips NV		1,742,996		63,994,908
Unilever NV		2,922,962		117,910,743
				431,612,118
SPAIN — 12.3%
Banco Bilbao Vizcaya Argentaria SA		10,750,270		132,549,669
Banco Santander SA		21,056,213		188,767,675
Iberdrola SA		9,356,719		59,759,455
Industria de Diseno Textil SA		393,911		65,026,178
Repsol YPF SA (c)		1,501,225		37,896,976
Telefonica SA		7,394,881		120,595,959
				604,595,912
TOTAL COMMON STOCKS —
(Cost $4,164,758,077)				4,915,138,023
RIGHTS — 0.0% (a)
SPAIN — 0.0% (a)
Repsol SA (expiring 1/9/14) (b)(c) (Cost $964,734)		1,479,465		1,011,160
SHORT TERM INVESTMENTS — 0.5%
UNITED STATES — 0.5%
MONEY MARKET FUNDS — 0.5%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		694,914		694,914
State Street Institutional Liquid Reserves Fund 0.06% (e)(f)		21,941,261		21,941,261
TOTAL SHORT TERM INVESTMENTS —
(Cost $22,636,175)				22,636,175
TOTAL INVESTMENTS — 100.4%
(Cost $4,188,358,986)				4,938,785,358
OTHER ASSETS & LIABILITIES — (0.4)%				(20,046,913	)
NET ASSETS — 100.0%			$	4,918,738,445

(a)	Amount shown represents less than 0.05% of net assets.
(b)	Non-income producing security.
(c)	A portion of the security was on loan at December 31, 2013.
(d)	Investments of cash collateral for securities loaned.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

3

SPDR EURO STOXX 50 ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		14.2	%
Pharmaceuticals		9.2
Oil, Gas & Consumable Fuels		8.7
Insurance		7.7
Diversified Telecommunication Services		6.7
Automobiles		6.1
Industrial Conglomerates		5.6
Chemicals		5.4
Food Products		4.0
Multi-Utilities		3.5
Software		3.1
Beverages		3.0
Electric Utilities		2.3
Diversified Financial Services		2.0
Textiles, Apparel & Luxury Goods		1.8
Capital Markets		1.8
Electrical Equipment		1.8
Aerospace & Defense		1.7
Personal Products		1.6
Semiconductors & Semiconductor Equipment		1.4
Specialty Retail		1.3
Construction & Engineering		1.3
Air Freight & Logistics		1.3
Building Products		1.0
Real Estate Investment Trusts		0.9
Food & Staples Retailing		0.9
Health Care Equipment & Supplies		0.9
Construction Materials		0.7
Metals & Mining		0.0	***
Short Term Investment		0.5
Other Assets & Liabilities		(0.4	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

*** Amount shown represents less than 0.05% of net assets.

4

SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.4%
CHINA — 29.9%
Agricultural Bank of China, Ltd.		3,304,000	$	1,623,503
Air China, Ltd.		1,237,414		924,021
Aluminum Corp. of China, Ltd. (a)(b)		1,246,304		433,986
Angang Steel Co., Ltd. (a)(b)		481,244		357,500
Anhui Conch Cement Co., Ltd. (b)		844,250		3,130,380
Baidu, Inc. ADR (a)		54,665		9,723,810
Bank of China, Ltd.		12,042,466		5,544,621
Bank of Communications Co., Ltd. (b)		2,093,630		1,476,983
Brilliance China Automotive Holdings, Ltd.		290,000		472,752
BYD Co., Ltd. (a)(b)		109,800		538,114
China Citic Bank Corp., Ltd.		1,997,341		1,084,482
China Coal Energy Co., Ltd (b)		775,000		435,789
China Communications Construction Co., Ltd. (Class H)		825,000		665,001
China Construction Bank Corp.		13,826,148		10,431,464
China COSCO Holdings Co., Ltd. (a)(b)		1,148,230		559,769
China Fangda Group Co., Ltd.		97,500		37,975
China Life Insurance Co., Ltd.		1,667,708		5,215,788
China Longyuan Power Group Corp.		573,000		738,258
China Merchants Bank Co., Ltd. (b)		1,262,760		2,690,414
China Merchants Property Development Co., Ltd.		358,984		994,946
China Minsheng Banking Corp., Ltd. (Class H) (b)		870,500		966,630
China National Building Material Co., Ltd. (b)		498,000		535,653
China Oilfield Services, Ltd.		334,557		1,037,704
China Pacific Insurance Group Co., Ltd.		192,800		755,908
China Petroleum & Chemical Corp.		5,917,726		4,831,108
China Railway Construction Corp. (Class H) (b)		287,500		286,249
China Railway Group, Ltd.		827,000		426,632
China Shenhua Energy Co., Ltd.		939,540		2,962,664
China Shipping Container Lines Co., Ltd. (a)(b)		4,427,339		1,153,406
China Shipping Development Co., Ltd. (a)(b)		739,215		573,925
China Telecom Corp., Ltd.		4,453,320		2,251,429
Ctrip.com International, Ltd. ADR (a)		60,654		3,009,651
Dongfeng Motor Group Co., Ltd.		550,468		861,864
Great Wall Motor Co., Ltd. (Class H) (b)		85,500		471,952
Guangzhou Automobile Group Co., Ltd. (b)		1,020,032		1,115,573
Guangzhou R&F Properties Co., Ltd. (Class H) (b)		696,176		1,018,170
Hengan International Group Co., Ltd.		62,500		738,352
Huaneng Power International, Inc.		1,528,472		1,381,859
Huangshan Tourism Development Co., Ltd.		25,800		31,760
Industrial & Commercial Bank of China		10,718,138		7,243,339
Inner Mongolia Yitai Coal Co., Ltd. (Class B)		490,610		867,889
Jiangsu Expressway Co., Ltd. (b)		1,462,299		1,797,286
Jiangsu Future Land Co., Ltd.		157,903		96,005
Jiangxi Copper Co., Ltd. (Class H) (b)		664,578		1,199,947
Konka Group Co., Ltd.		226,300		80,553
Lao Feng Xiang Co., Ltd.		72,400		177,163
Livzon Pharmaceutical, Inc. (Class B) (c)		12,100		59,176
Luthai Textile Co., Ltd.		63,400		88,554
Maanshan Iron & Steel (a)(b)		1,256,971		340,434
Mindray Medical International, Ltd. ADR (b)		13,983		508,422
NetEase, Inc. ADR		42,080		3,307,488
New Oriental Education & Technology Group, Inc. ADR (b)		16,986		535,059
PetroChina Co., Ltd.		4,837,208		5,302,759
PICC Property & Casualty Co., Ltd.		624,211		925,801
Ping An Insurance Group Co. of China, Ltd.		387,864		3,474,081
Semiconductor Manufacturing International Corp. (a)		9,389,837		738,714
SGSB Group Co., Ltd. (a)		102,800		59,110
Shandong Luoxin Pharmacy Stock Co., Ltd.		40,000		34,048
Shandong Weigao Group Medical Polymer Co., Ltd.		104,000		140,299
Shanghai Electric Group Co., Ltd. (b)		2,150,418		782,096
Shanghai Highly Group Co., Ltd.		136,900		78,581
Shenzhou International Group Holdings, Ltd.		26,000		97,579
Sina Corp. (a)		17,142		1,444,214
Sinopec Shanghai Petrochemical Co., Ltd.		2,282,878		656,562
Sinopharm Group Co.		58,800		168,731
Sohu.com, Inc. (a)		4,833		352,471
Tencent Holdings, Ltd.		153,694		9,803,908
Tingyi Cayman Islands Holding Corp.		742,383		2,144,689
Tong Ren Tang Technologies Co., Ltd.		18,000		57,456
Want Want China Holdings, Ltd.		1,293,000		1,867,690
Yanzhou Coal Mining Co., Ltd. (b)		846,882		773,294
Youku Tudou, Inc. ADR (a)(b)		1,638		49,631
Zhaojin Mining Industry Co., Ltd. (b)		60,500		34,566
Zijin Mining Group Co., Ltd. (Class H) (b)		1,862,685		398,782
				117,176,422
HONG KONG — 9.7%
Agile Property Holdings, Ltd.		1,432,088		1,534,825
Beijing Enterprises Holdings, Ltd.		92,000		912,436
Belle International Holdings, Ltd.		504,000		583,057
C.banner International Holdings, Ltd.		216,000		74,101
Cecep Costin New Materials Group, Ltd.		6,000		2,995
Changshouhua Food Co., Ltd.		93,000		119,702
China Everbright International, Ltd. (b)		133,000		178,048
China Haidian Holdings, Ltd. (a)		540,000		52,929
China Leason CBM & Shale Gas Group Co., Ltd. (a)(b)		1,140,000		17,643
China Mengniu Dairy Co., Ltd.		369,390		1,753,158
China Merchants Holdings International Co., Ltd.		455,573		1,662,772
China Mobile, Ltd.		970,636		10,064,696
China Overseas Land & Investment, Ltd. (b)		1,139,084		3,202,583

5

SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
China Resources Enterprise, Ltd. (b)		462,746	$	1,536,767
China Resources Land, Ltd. (b)		381,355		945,303
China Resources Power Holdings Co., Ltd.		374,000		886,554
China Unicom (Hong Kong), Ltd. (b)		1,048,172		1,568,118
China Yurun Food Group, Ltd. (a)(b)		226,659		145,576
Citic Pacific, Ltd. (b)		246,000		376,277
CNOOC, Ltd.		2,999,249		5,577,839
COSCO Pacific, Ltd. (b)		622,030		853,574
Evergrande Real Estate Group, Ltd. (b)		192,000		73,296
Geely Automobile Holdings, Ltd. (b)		100,000		48,364
GOME Electrical Appliances Holding, Ltd. (b)		822,000		151,599
Huabao International Holdings, Ltd. (b)		158,000		87,418
Kingboard Chemical Holdings, Ltd.		145,200		379,210
Kunlun Energy Co., Ltd.		486,000		856,200
Lenovo Group, Ltd. (b)		2,329,703		2,833,352
Lijun International Pharmaceutical Holding, Ltd.		196,000		53,590
Magic Holdings International, Ltd.		261,000		206,679
NVC Lighting Holdings, Ltd.		133,000		31,905
Prince Frog International Holdings, Ltd. (b)		103,000		42,376
Sino Biopharmaceutical		212,000		168,151
Sino-Ocean Land Holdings, Ltd. (b)		1,003,967		659,061
Skyworth Digital Holdings, Ltd. (b)		154,763		85,228
Sunac China Holdings, Ltd.		137,000		82,160
Sunny Optical Technology Group Co., Ltd. (b)		43,000		41,815
TCL Multimedia Technology Holdings, Ltd.		52,000		24,143
Tonly Electronics Holdings, Ltd. (a)		4,800		3,560
Yingde Gases		62,000		64,929
				37,941,989
INDIA — 15.2%
Anant Raj, Ltd. (a)		79,570		80,528
Apollo Hospitals Enterprise, Ltd.		131,917		2,018,370
Axis Bank, Ltd.		1,190		25,001
Bharat Heavy Electricals, Ltd.		265,286		758,695
Bharti Airtel, Ltd.		440,667		2,352,765
Cipla, Ltd.		215,477		1,396,220
DLF, Ltd.		86,718		233,706
Dr Reddy’s Laboratories, Ltd.		9,870		404,438
GAIL India, Ltd.		64,870		358,985
Godrej Industries, Ltd.		25,361		113,675
Gujarat Mineral Development Corp., Ltd.		59,750		114,660
HDFC Bank, Ltd.		357,897		3,852,651
Hero Motocorp, Ltd.		17,025		571,207
Hindalco Industries, Ltd.		149,125		295,574
Hindustan Unilever, Ltd.		266,608		2,459,621
Hindustan Zinc, Ltd.		456,798		978,510
Housing Development & Infrastructure, Ltd. (a)		14,408		12,462
Housing Development Finance Corp., Ltd.		203,209		2,610,622
ICICI Bank, Ltd.		199		3,535
ICICI Bank, Ltd. ADR (b)		65,752		2,444,002
Idea Cellular, Ltd.		599,805		1,618,421
India Infoline, Ltd.		149,357		150,432
Indiabulls Housing Finance, Ltd.		155,648		600,020
Indiabulls Real Estate, Ltd.		23,765		26,510
Indian Hotels Co., Ltd.		704,027		702,832
Indian Oil Corp., Ltd.		99,076		343,014
Infosys Technologies, Ltd. ADR		105,035		5,944,981
ITC, Ltd. GDR		419,652		2,183,030
IVRCL Infrastructures & Projects, Ltd. (a)		56,520		14,940
Jaiprakash Associates, Ltd.		28,457		25,050
Jindal Steel & Power, Ltd.		71,786		302,904
JSW Steel, Ltd.		19,664		323,373
Lanco Infratech, Ltd. (a)		265,218		32,801
Larsen & Toubro, Ltd. GDR (b)		41,850		751,207
Mahindra & Mahindra, Ltd.		130,571		1,993,131
NTPC, Ltd.		191,277		423,651
Oil & Natural Gas Corp., Ltd.		397,904		1,858,451
Reliance Capital, Ltd.		45,090		263,484
Reliance Communications, Ltd.		266,337		559,758
Reliance Industries, Ltd. GDR (d)		181,675		5,275,842
Reliance Infrastructure, Ltd.		88,005		605,741
Sesa Sterlite, Ltd.		216,056		705,400
Siemens India, Ltd.		90,784		973,299
State Bank of India		24,319		694,520
Steel Authority of India, Ltd.		277,331		324,834
Sun Pharmaceutical Industries, Ltd.		145,966		1,339,074
Suzlon Energy, Ltd. (a)		180,375		30,036
Tata Consultancy Services, Ltd.		108,903		3,824,149
Tata Motors, Ltd.		388,258		2,362,627
Tata Steel, Ltd.		46,266		317,291
Unitech, Ltd. (a)		176,817		43,736
United Spirits, Ltd.		14,551		613,645
Wipro, Ltd. ADR (b)		153,014		1,926,446
Zee Entertainment Enterprises, Ltd.		302,612		1,353,205
				59,593,062
INDONESIA — 4.4%
Ace Hardware Indonesia Tbk PT		2,646,500		128,302
Adaro Energy Tbk PT		3,487,000		312,311
Agis Tbk PT (a)		1,400,000		63,270
Agung Podomoro Land Tbk PT		806,500		14,248
AKR Corporindo Tbk PT		147,500		53,025
Alam Sutera Realty Tbk PT		706,000		24,945
Astra International Tbk PT		3,809,700		2,128,674
Bank Central Asia Tbk PT		2,466,296		1,945,476
Bank Mandiri Tbk PT		1,609,905		1,038,435
Bank Rakyat Indonesia Persero Tbk PT		4,502,796		2,682,438
Bekasi Fajar Industrial Estate Tbk PT		1,273,000		46,548
Bumi Resources Tbk PT (a)		4,366,964		107,649
BW Plantation Tbk PT		423,500		46,282
Charoen Pokphand Indonesia Tbk PT		416,500		115,504
Ciputra Property Tbk PT		493,000		25,116
Ciputra Surya Tbk PT		503,000		54,144
Citra Marga Nusaphala Persada Tbk PT (a)		340,500		93,728
Garda Tujuh Buana Tbk PT (a)(c)		127,500		16,239
Garuda Indonesia Tbk PT (a)		3,882,500		159,511
Global Mediacom Tbk PT		394,000		61,512
Gudang Garam Tbk PT		113,000		389,975
Indocement Tunggal Prakarsa Tbk PT		384,925		632,580
Indomobil Sukses Internasional Tbk PT		85,500		34,425
Indosat Tbk PT		851,248		290,278

6

SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Intiland Development Tbk PT		1,400,000	$	36,237
Kalbe Farma Tbk PT		1,120,000		115,037
Kawasan Industri Jababeka Tbk PT		7,115,644		112,845
Lippo Cikarang Tbk PT (a)		362,000		145,008
Lippo Karawaci Tbk PT		1,841,000		137,659
Matahari Putra Prima Tbk PT		507,000		80,820
Mayora Indah Tbk PT		81,000		173,048
Media Nusantara Citra Tbk PT		514,000		110,867
Metropolitan Land Tbk PT		2,317,500		72,362
Mitra Adiperkasa Tbk PT		90,000		40,674
MNC Investama Tbk PT		3,092,000		86,383
MNC Sky Vision Tbk PT		268,500		44,125
Modernland Realty Tbk PT (a)		6,342,000		203,236
Multistrada Arah Sarana Tbk PT (a)		1,018,000		32,623
Pakuwon Jati Tbk PT		2,532,000		56,174
Pembangunan Perumahan Persero PT Tbk		668,000		63,671
Perusahaan Gas Negara Persero Tbk PT		3,724,640		1,369,578
Ramayana Lestari Sentosa Tbk PT		715,500		62,320
Selamat Sempurna Tbk PT		662,500		187,808
Semen Gresik Persero Tbk PT		615,000		715,058
Summarecon Agung Tbk PT		959,000		61,464
Surya Citra Media Tbk PT		157,527		33,978
Surya Semesta Internusa Tbk PT		1,525,000		70,173
Telekomunikasi Indonesia Persero Tbk PT		9,613,470		1,698,353
Tiga Pilar Sejahtera Food Tbk		1,013,500		119,088
Tower Bersama Infrastructure Tbk PT		363,500		173,237
United Tractors Tbk PT		314,545		491,073
Wijaya Karya Persero Tbk PT		550,500		71,470
XL Axiata Tbk PT		119,000		50,846
				17,079,830
MALAYSIA — 6.7%
Aeon Credit Service M Bhd		49,400		222,002
AirAsia Bhd		73,800		49,568
Alliance Financial Group Bhd		1,326,910		1,928,283
Axiata Group Bhd		534,100		1,125,108
Bursa Malaysia Bhd		460,934		1,158,140
Carlsberg Brewery Malay Bhd		484,103		1,800,145
CB Industrial Product Holding Bhd		35,000		34,300
CIMB Group Holdings Bhd		449,403		1,045,474
ECM Libra Financial Group Bhd (a)		1,200,931		377,640
Genting Bhd		727,700		2,279,408
Genting Malaysia Bhd		646,400		864,366
IJM Corp. Bhd		1,026,340		1,842,430
IOI Corp. Bhd		1,266,596		1,821,300
IOI Properties Group Sdn Bhd (a)(c)		658,497		663,422
K&N Kenanga Holdings Bhd (a)(e)		73		13
Landmarks Bhd (a)		1,290,300		421,499
Lingkaran Trans Kota Holdings Bhd		76,100		101,529
Malayan Banking Bhd		522,246		1,584,835
Malaysian Airline System Bhd (a)		10,568,830		1,000,256
Maxis Bhd		436,700		969,259
OSK Holdings Bhd		1,645,225		828,766
Padini Holdings Bhd		81,900		45,257
PPB Group Bhd		123,100		606,574
Public Bank Bhd		204,500		1,211,204
Sime Darby Bhd		396,100		1,151,236
TAN Chong Motor Holdings Bhd		512,700		968,894
Tenaga Nasional Bhd		391,350		1,359,659
Wah Seong Corp. Bhd		1,265,274		637,369
				26,097,936
PHILIPPINES — 1.9%
Ayala Land, Inc.		4,295,575		2,395,437
Cebu Air, Inc.		69,920		73,807
Cebu Holdings, Inc.		1,052,500		135,883
First Gen Corp.		4,944,770		1,455,048
First Philippine Holdings Corp.		971,504		1,175,458
GMA Holdings, Inc.		196,600		35,659
Megawide Construction Corp. (a)		1,046,250		330,029
Philippine Long Distance Telephone Co.		27,239		1,636,212
Philweb Corp.		101,100		20,456
Puregold Price Club, Inc.		74,600		63,704
				7,321,693
TAIWAN — 27.0%
Acer, Inc. (a)		818,456		502,550
Advanced Semiconductor Engineering, Inc.		2,383,636		2,215,401
Asia Cement Corp.		1,242,719		1,609,507
Asustek Computer, Inc.		181,138		1,628,835
AU Optronics Corp. ADR (a)(b)		210,660		657,259
Catcher Technology Co., Ltd.		230,539		1,496,780
Cathay Financial Holding Co., Ltd.		1,622,290		2,626,386
Chang Hwa Commercial Bank		3,254,073		2,003,531
China Development Financial Holding  Corp.		3,963,272		1,196,821
China Steel Chemical Corp.		31,877		175,410
China Steel Corp.		2,548,476		2,308,751
Chinatrust Financial Holding Co., Ltd.		4,086,662		2,790,396
Chunghwa Picture Tubes, Ltd. (a)		1,699,368		114,038
Chunghwa Telecom Co., Ltd.		675,268		2,109,398
Coland Holdings, Ltd.		41,411		115,187
Compal Electronics, Inc.		1,717,431		1,316,735
Delta Electronics, Inc.		527,893		3,011,117
Epistar Corp. (a)		234,170		450,999
Everlight Electronics Co., Ltd.		209,996		482,652
Far Eastern New Century Corp.		1,761,370		2,033,021
First Financial Holding Co., Ltd		2,687,860		1,672,951
Formosa Chemicals & Fibre Corp.		904,691		2,549,836
Formosa Petrochemical Corp.		328,000		900,243
Formosa Plastics Corp.		1,359,137		3,671,063
Foxconn Technology Co., Ltd.		421,307		983,877
Fubon Financial Holding Co., Ltd.		1,991,998		2,914,125
Hon Hai Precision Industry Co., Ltd.		2,264,808		6,086,907
HTC Corp.		150,710		713,007
Hua Nan Financial Holdings Co., Ltd.		2,485,864		1,451,307
Innolux Corp. (a)		215,928		82,231
King Yuan Electronics Co., Ltd.		2,400,898		1,647,403
Largan Precision Co., Ltd.		41,710		1,700,393
Lite-On Technology Corp.		739,681		1,186,329
Macronix International Co., Ltd. (a)		1,771,374		398,810
MediaTek, Inc.		264,219		3,931,791
Mega Financial Holding Co., Ltd.		2,427,986		2,044,808
Motech Industries, Inc. (a)		135,507		277,802
Nan Ya Plastics Corp.		1,346,759		3,113,450
Novatek Microelectronics Corp.		201,062		823,043
Pegatron Corp.		420,630		541,956
Powertech Technology, Inc.		461,518		705,358
ProMOS Technologies, Inc. (a)(e)		1,135,850		0

7

SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Quanta Computer, Inc.		1,016,194	$	2,369,704
Realtek Semiconductor Corp.		384,161		1,031,184
Shin Kong Financial Holding Co., Ltd.		2,806,261		969,835
Siliconware Precision Industries Co.		908,745		1,085,487
SinoPac Financial Holdings Co., Ltd.		3,273,495		1,631,064
Synnex Technology International Corp.		270,000		428,507
Tainan Enterprises Co., Ltd.		890,567		935,284
Taishin Financial Holdings Co., Ltd.		3,415,355		1,678,828
Taiwan Cement Corp.		1,539,216		2,388,603
Taiwan FU Hsing Industrial Co., Ltd.		1,810,000		1,964,652
Taiwan Mobile Co., Ltd.		341,200		1,102,473
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		749,037		13,063,205
Tatung Co., Ltd. (a)		930,107		258,090
Tripod Technology Corp.		477,361		855,305
Uni-President Enterprises Corp.		1,838,943		3,313,411
United Integrated Services Co., Ltd.		1,330,000		1,646,686
United Microelectronics Corp. ADR (b)		707,093		1,442,470
Via Technologies, Inc. (a)		211,490		198,692
Walsin Lihwa Corp. (a)		615,000		197,272
Wistron Corp.		884,500		743,427
Yageo Corp. (a)		2,736,900		987,189
Yuanta Financial Holding Co., Ltd.		2,062,823		1,232,011
				105,764,843
THAILAND — 4.6%
Advanced Info Service PCL		499,323		3,031,495
Bangkok Expressway PCL		1,847,242		1,883,220
BEC World PCL		39,200		60,243
Big C Supercenter PCL		6,500		36,397
Central Plaza Hotel PCL		61,100		51,134
CP ALL PCL		942,000		1,204,017
Electricity Generating PCL		465,046		1,733,662
IRPC PCL		3,805,739		377,563
Jasmine International PCL		413,200		84,250
Kasikornbank PCL		228,654		1,102,911
PTT Exploration & Production PCL		529,653		2,683,726
PTT PCL		288,026		2,506,860
Siam Cement PCL NVDR		62,100		755,934
Siam Commercial Bank PCL		301,397		1,316,204
Siam Global House PCL		138,533		66,611
Thai Beverage PCL (b)		803,000		343,434
Thai Oil PCL		545,205		933,286
				18,170,947
TOTAL COMMON STOCKS —
(Cost $364,523,594)				389,146,722
SHORT TERM INVESTMENTS — 6.0%
UNITED STATES — 6.0%
MONEY MARKET FUNDS — 6.0%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		18,681,585		18,681,585
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		4,861,237		4,861,237
TOTAL SHORT TERM INVESTMENTS —
(Cost $23,542,822)				23,542,822
TOTAL INVESTMENTS — 105.4%
(Cost $388,066,416)				412,689,544
OTHER ASSETS & LIABILITIES — (5.4)%				(21,107,057	)
NET ASSETS — 100.0%			$	391,582,487

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(d)	Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 1.4% of net assets as of December 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(e)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs. (See accompanying Notes to Schedules of Investments)
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

NVDR = Non Voting Depositary Receipt

PCL = Public Company Limited

8

SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		17.1	%
Oil, Gas & Consumable Fuels		9.3
Semiconductors & Semiconductor Equipment		7.4
Internet Software & Services		6.3
Wireless Telecommunication Services		5.9
Electronic Equipment, Instruments & Components		3.7
Insurance		3.6
Real Estate Management & Development		3.6
Computers & Peripherals		3.4
Food Products		3.2
IT Services		3.0
Automobiles		2.8
Chemicals		2.6
Construction Materials		2.5
Metals & Mining		2.2
Diversified Telecommunication Services		1.9
Independent Power Producers & Energy Traders		1.8
Transportation Infrastructure		1.6
Construction & Engineering		1.5
Industrial Conglomerates		1.3
Hotels, Restaurants & Leisure		1.1
Diversified Financial Services		1.1
Pharmaceuticals		0.9
Thrifts & Mortgage Finance		0.9
Electric Utilities		0.8
Internet & Catalog Retail		0.8
Beverages		0.8
Food & Staples Retailing		0.7
Tobacco		0.7
Capital Markets		0.6
Household Products		0.6
Airlines		0.6
Marine		0.5
Health Care Providers & Services		0.5
Building Products		0.5
Electrical Equipment		0.5
Gas Utilities		0.5
Energy Equipment & Services		0.5
Media		0.3
Specialty Retail		0.3
Personal Products		0.3
Textiles, Apparel & Luxury Goods		0.2
Household Durables		0.2
Communications Equipment		0.2
Machinery		0.1
Health Care Equipment & Supplies		0.1
Diversified Consumer Services		0.1
Consumer Finance		0.1
Auto Components		0.1
Commercial Services & Supplies		0.1
Multiline Retail		0.0	***
Trading Companies & Distributors		0.0	***
Short Term Investment		6.0
Other Assets & Liabilities		(5.4	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

**

Each security is valued based on Level 1 inputs except for Garda Tujuh Buana Tbk PT, which was Level 2 and part of the Oil, Gas & Consumable Fuels Industry, representing 0.00% of net assets, Livzon Pharmaceutical, Inc. (Class B), which was Level 2 and part of the Pharmaceuticals Industry, representing 0.02% of net assets, IOI Properties Group Sdn Bhd, which was Level 2 and part of the Real Estate Management & Development Industry, representing 0.17% of net assets and ProMOS Technologies, Inc., which was Level 3 and part of the Semiconductors & Semiconductor Equipment Industry, representing 0.00% of net assets, K&N Kenanga Holdings Bhd, which was Level 3 and part of the Diversified Financial Services Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)

***

Amount shown represents less than 0.05% of net assets.

9

SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.3%
CHINA — 10.7%
51job, Inc. ADR (a)		100	$	7,790
Anhui Expressway Co., Ltd.		8,000		4,436
AsiaInfo-Linkage, Inc. (a)		295		3,528
BYD Electronic International Co., Ltd. (a)		6,500		3,781
China Galaxy Securities Co., Ltd. Class H (a)		12,000		10,462
China Huiyuan Juice Group, Ltd. (a)		5,500		3,532
China Lesso Group Holdings, Ltd.		9,000		6,268
China National Accord Medicines Corp., Ltd.		800		3,712
China SCE Property Holdings, Ltd.		12,000		2,863
China Shanshui Cement Group, Ltd.		11,000		4,724
China Suntien Green Energy Corp., Ltd.		14,000		5,254
China Vanadium Titano — Magnetite Mining Co., Ltd. (a)		12,000		1,656
China Wireless Technologies, Ltd.		8,000		2,621
Dongyue Group		6,000		2,376
E-Commerce China Dangdang, Inc. ADR (a)		400		3,820
E-House China Holdings, Ltd.		488		7,359
First Tractor Co., Ltd. (b)		10,000		7,841
Giant Interactive Group, Inc. ADR		800		8,992
Hangzhou Steam Turbine Co.		3,100		4,414
Harbin Electric Co., Ltd.		4,000		2,590
Home Inns & Hotels Management, Inc. ADR (a)		97		4,233
Huangshan Tourism Development Co., Ltd.		2,800		3,447
Hunan Non-Ferrous Metal Corp., Ltd. (a)(b)		10,000		3,134
Jiangsu Future Land Co., Ltd.		8,400		5,107
Lonking Holdings, Ltd. (a)(b)		14,000		2,726
MIE Holdings Corp. (b)		10,000		2,115
Peak Sport Products Co., Ltd. (b)		7,000		1,706
Ports Design, Ltd.		2,000		1,548
Renhe Commercial Holdings Co., Ltd. (a)(b)		58,000		3,703
Renren, Inc. ADR (a)		540		1,647
REXLot Holdings, Ltd. (b)		51,322		6,950
Shanghai Chlor-Alkali Chemical Co., Ltd. (a)		6,800		3,244
Shanghai Dajiang Group, Class B (a)		9,600		3,677
Shanghai Diesel Engine Co., Ltd. Class B		3,520		2,774
Shanghai Haixin Group Co. (a)		5,800		3,132
Shenguan Holdings Group, Ltd.		8,000		3,570
Sinopec Engineering Group Co., Ltd. (b)		13,000		19,449
Sound Global, Ltd. (a)(b)		8,000		4,435
TCL Communication Technology Holdings, Ltd. (a)		4,000		4,086
Trina Solar, Ltd. ADR (a)		500		6,835
WuXi PharmaTech Cayman, Inc. ADR (a)		344		13,203
Zhejiang Southeast Electric Power Co. (a)		1,517		1,501
Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H		26,800		18,457
				218,698
HONG KONG — 12.6%
361 Degrees International, Ltd.		5,000		1,322
Ajisen China Holdings, Ltd.		4,000		4,137
Anxin-China Holdings, Ltd.		16,000		5,076
Asian Citrus Holdings, Ltd.		4,171		1,146
Beijing Capital Land, Ltd.		12,000		4,086
Boshiwa International Holding, Ltd. (a)(c)		32,000		0
CGN Mining Co., Ltd. (a)(b)		15,000		1,199
Chailease Holding Co., Ltd.		400		1,052
China Dongxiang Group Co. (b)		20,000		3,405
China High Speed Transmission Equipment Group Co., Ltd. (a)		8,000		4,344
China Lilang, Ltd.		4,000		2,466
China Lumena New Materials Corp. (b)		27,260		5,344
China Medical System Holdings, Ltd. (b)		8,500		9,088
China Metal Recycling Holdings, Ltd. (a)(b)(c)		3,988		0
China Modern Dairy Holdings, Ltd. (a)		19,000		10,292
China National Materials Co., Ltd. (b)		8,000		1,723
China Oil and Gas Group, Ltd.		20,000		3,688
China Precious Metal Resources Holdings Co., Ltd. (a)(b)		20,000		3,069
China Rongsheng Heavy Industries Group Holdings, Ltd. (a)(b)		20,500		3,199
China Shineway Pharmaceutical Group, Ltd.		3,000		4,109
China Travel International Investment Hong Kong, Ltd.		24,000		5,045
China Yurun Food Group, Ltd. (a)(b)		7,000		4,496
China ZhengTong Auto Services Holdings, Ltd. (a)(b)		5,000		3,205
Citic Resources Holdings, Ltd. (a)		22,000		2,922
Comba Telecom Systems Holdings, Ltd. (a)(b)		6,000		2,074
Cosco International Holdings, Ltd.		8,000		3,405
Dah Chong Hong Holdings, Ltd.		5,000		3,740
Digital China Holdings, Ltd.		4,000		4,715
Fufeng Group, Ltd.		7,200		2,944
Global Bio-Chem Technology Group Co., Ltd. (a)		14,000		1,083
Glorious Property Holdings, Ltd. (a)(b)		18,000		3,877
GOME Electrical Appliances Holding, Ltd. (b)		56,000		10,328
Greatview Aseptic Packaging Co., Ltd.		7,000		4,135
Guangdong Land Holdings, Ltd.		8,000		1,754
Hanergy Solar Group, Ltd. (a)(b)(d)		62,000		6,317
Hengdeli Holdings, Ltd. (b)		13,200		3,115
Hidili Industry International Development, Ltd. (a)(b)		9,000		1,370
Hua Han Bio-Pharmaceutical Holdings, Ltd.		17,280		3,365
Ju Teng International Holdings, Ltd.		6,000		3,970
Kaisa Group Holdings, Ltd. (a)(b)		14,000		4,514
Kingboard Laminates Holdings, Ltd.		6,500		2,758
Kingdee International Software Group Co., Ltd. (a)(b)		10,000		3,044
KWG Property Holding, Ltd.		9,000		4,991
Li Ning Co., Ltd. (a)(b)		5,000		3,946
Minth Group, Ltd.		4,000		8,306
NetDragon Websoft, Inc.		2,000		3,663
North Mining Shares Co., Ltd. (a)		60,000		2,399
NVC Lighting Holdings, Ltd.		11,000		2,639
Pacific Online, Ltd. (b)		5,000		2,399
Real Nutriceutical Group, Ltd. (b)		5,000		1,290
Sany Heavy Equipment International Holdings Co., Ltd.		6,000		1,880
Shenzhen Investment, Ltd.		330		124

10

SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Shougang Concord International Enterprises Co., Ltd. (a)		56,000	$	3,250
Shougang Fushan Resources Group, Ltd. (b)		24,000		8,419
Sinotrans Shipping, Ltd.		12,500		4,562
Sinotrans, Ltd.		16,000		6,046
Sinotruk Hong Kong, Ltd.		5,500		3,085
Skyworth Digital Holdings, Ltd.		10,445		5,752
Springland International Holdings, Ltd.		8,000		4,117
The United Laboratories International Holdings, Ltd. (a)(b)		6,500		2,607
Tianjin Port Development Holdings, Ltd.		24,000		4,117
Tianneng Power International, Ltd.		6,000		2,205
United Energy Group, Ltd. (a)(b)		24,000		3,467
VODone, Ltd. (a)(b)		19,200		2,600
Wasion Group Holdings, Ltd.		6,000		3,668
West China Cement, Ltd.		22,000		3,263
Winsway Coking Coal Holding, Ltd. (a)		14,000		885
Yingde Gases		8,000		8,378
Yip’s Chemical Holdings, Ltd.		4,241		3,659
Yuexiu Transport Infrastructure, Ltd.		6,000		3,142
				255,780
INDIA — 12.5%
Amtek Auto, Ltd. (a)		1,276		1,542
Apollo Hospitals Enterprise, Ltd.		361		5,523
Arvind, Ltd.		1,703		3,765
Aurobindo Pharma, Ltd.		1,270		8,065
Bajaj Holdings and Investment, Ltd.		314		4,508
Bharat Forge, Ltd.		961		5,097
Bhushan Steel, Ltd.		656		5,104
Biocon, Ltd.		578		4,324
Coromandel International, Ltd.		2,408		9,316
Crompton Greaves, Ltd.		1,197		2,491
Dewan Housing Finance Corp., Ltd.		701		2,413
Dish TV India, Ltd. (a)		2,996		2,938
Era Infra Engineering, Ltd. (a)		1,036		256
Fortis Healthcare, Ltd. (a)		1,548		2,567
Gateway Distriparks, Ltd.		517		1,171
GMR Infrastructure, Ltd.		8,571		3,437
Godrej Industries, Ltd.		563		2,524
Hexaware Technologies, Ltd.		834		1,776
Housing Development & Infrastructure, Ltd. (a)		2,154		1,863
IDFC, Ltd.		9,249		16,388
IFCI, Ltd.		6,473		2,690
India Cements, Ltd.		1,920		1,867
India Infoline, Ltd.		1,856		1,869
Indiabulls Housing Finance, Ltd.		1,305		5,031
Indiabulls Real Estate, Ltd.		2,623		2,926
Indian Hotels Co., Ltd.		4,568		4,560
Jain Irrigation Systems, Ltd.		1,618		1,899
JSW Energy, Ltd.		3,677		3,356
JSW Steel, Ltd.		1,060		17,432
Jubilant Foodworks, Ltd. (a)		202		4,154
Mahindra & Mahindra Financial Services, Ltd.		1,845		9,564
Manappuram Finance, Ltd.		3,108		786
MAX India, Ltd.		786		2,747
McLeod Russel India, Ltd.		664		3,452
Motherson Sumi Systems, Ltd.		1,854		5,470
Mphasis, Ltd.		550		3,912
Pipavav Defence & Offshore Engineering Co., Ltd. (a)		1,446		1,033
Piramal Healthcare, Ltd.		495		4,415
PTC India, Ltd.		3,347		3,585
Punj Lloyd, Ltd. (a)		3,619		1,682
Rajesh Exports, Ltd.		1,459		1,823
REI Agro, Ltd.		5,759		615
Rolta India, Ltd.		8,931		9,703
Shriram Transport Finance Co., Ltd.		1,371		14,908
Sintex Industries, Ltd.		2,626		1,446
Strides Arcolab, Ltd.		143		833
Suzlon Energy, Ltd. (a)		7,233		1,204
Tata Chemicals, Ltd.		890		3,955
Tata Global Beverages, Ltd.		1,907		4,947
Tata Motors, Ltd. Class A		5,897		18,357
Thermax, Ltd.		421		4,839
Unitech, Ltd. (a)		8,920		2,206
UPL, Ltd.		1,963		6,282
Videocon Industries, Ltd.		659		1,836
Voltas, Ltd.		1,775		3,330
Welspun Corp., Ltd.		1,967		2,019
Yes Bank, Ltd.		1,359		8,134
				253,935
INDONESIA — 4.7%
Ace Hardware Indonesia Tbk PT		45,000		2,182
AKR Corporindo Tbk PT		7,000		2,516
Alam Sutera Realty Tbk PT		75,000		2,650
Aneka Tambang Persero Tbk PT		20,500		1,836
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		57,000		4,168
Bank Tabungan Negara Tbk PT		15,424		1,103
Bisi International PT		13,500		621
Borneo Lumbung Energi & Metal Tbk PT (a)		73,000		1,044
Bumi Resources Tbk PT (a)		91,000		2,243
Bumi Serpong Damai PT		43,000		4,558
Ciputra Development Tbk PT		65,500		4,037
Energi Mega Persada Tbk PT (a)		222,000		1,277
Gajah Tunggal Tbk PT		13,500		1,864
Garda Tujuh Buana Tbk PT (a)(d)		5,500		700
Garuda Indonesia Tbk PT (a)		56,000		2,301
Global Mediacom Tbk PT		47,000		7,338
Harum Energy Tbk PT		4,500		1,017
Indah Kiat Pulp & Paper Corp. Tbk PT (a)		20,000		2,301
Indika Energy Tbk PT		15,500		751
Indomobil Sukses Internasional Tbk PT		5,000		2,013
Japfa Comfeed Indonesia Tbk PT		40,000		4,010
Kawasan Industri Jababeka Tbk PT		133,012		2,109
Matahari Putra Prima Tbk PT		19,500		3,108
Mayora Indah Tbk PT		2,917		6,232
Medco Energi Internasional Tbk PT		12,500		2,157
Mitra Adiperkasa Tbk PT		6,000		2,712
MNC Investama Tbk PT		112,000		3,129
Pakuwon Jati Tbk PT		154,500		3,428
Pembangunan Perumahan Persero PT Tbk		36,000		3,431
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		22,500		3,568
Ramayana Lestari Sentosa Tbk PT		25,500		2,221
Sentul City Tbk PT (a)		109,500		1,413
Summarecon Agung Tbk PT		75,000		4,807
Surya Semesta Internusa Tbk PT		22,500		1,035

11

SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Timah Tbk PT		20,000	$	2,629
Trada Maritime Tbk PT (a)		27,000		3,528
				96,037
MALAYSIA — 8.3%
Aeon Co. M Bhd		900		3,847
Berjaya Corp. Bhd		17,000		3,062
Berjaya Sports Toto Bhd		8,280		10,238
Boustead Holdings Bhd		2,300		3,946
Bursa Malaysia Bhd		4,000		10,050
CapitaMalls Malaysia Trust		6,100		2,607
Carlsberg Brewery Malay Bhd		800		2,975
Dialog Group Bhd		10,900		11,913
DRB-Hicom Bhd		1,600		1,378
Eastern & Oriental Bhd		6,300		3,635
Guinness Anchor Bhd		2,500		12,212
Hartalega Holdings Bhd		5,000		11,037
IGB Corp. Bhd		8,600		7,142
KNM Group Bhd (a)		1,885		259
Kossan Rubber Industries		6,000		7,913
KPJ Healthcare Bhd		8,850		10,483
Magnum Bhd		8,500		8,200
Malaysian Bulk Carriers Bhd		7,900		4,269
Malaysian Resources Corp. Bhd		8,600		3,387
Media Prima Bhd		6,900		5,519
MPHB Capital Bhd (a)		50		26
Oriental Holdings Bhd		2,500		6,480
Parkson Holdings Bhd		3,600		3,022
Sunway Bhd		5,466		4,539
Sunway Real Estate Investment Trust		14,000		5,300
TAN Chong Motor Holdings Bhd		3,000		5,669
Top Glove Corp. Bhd		3,300		5,672
TSH Resources Bhd		4,000		3,676
United Plantations Bhd		400		3,175
UOA Development Bhd		5,100		3,021
Wah Seong Corp. Bhd		7,971		4,015
				168,667
PHILIPPINES — 3.5%
Belle Corp. (a)		30,000		3,326
Cebu Air, Inc.		2,190		2,312
Cosco Capital, Inc. (a)		48,700		9,645
D&L Industries, Inc.		110,000		15,614
First Philippine Holdings Corp.		2,550		3,085
GMA Holdings, Inc.		23,330		4,232
Lepanto Consolidated Mining (a)		96,000		671
Megaworld Corp.		96,000		7,008
Nickel Asia Corp.		8,375		2,868
Philippine National Bank (a)		2,140		4,159
Rizal Commercial Banking Corp.		4,900		4,692
Robinsons Land Corp.		7,000		3,148
Security Bank Corp.		1,380		3,594
Semirara Mining Corp.		1,050		6,813
				71,167
SINGAPORE — 0.8%
Asian Pay Television Trust		21,000		12,308
Yanlord Land Group, Ltd. (b)		4,000		3,881
				16,189
TAIWAN — 39.3%
Ability Enterprise Co., Ltd.		3,000		1,892
Accton Technology Corp.		6,000		3,171
Acer, Inc. (a)		13,000		7,982
Adlink Technology, Inc.		1,600		2,738
AGV Products Corp. (a)		8,000		2,470
Airtac International Group		1,070		8,688
Alpha Networks, Inc.		3,000		2,174
Altek Corp.		3,000		2,109
AmTRAN Technology Co., Ltd.		3,000		2,033
Apex Biotechnology Corp.		1,025		2,339
Asia Polymer		3,800		3,328
Aten International Co., Ltd.		1,000		3,010
Bank of Kaohsiung		7,180		2,298
Basso Industry Corp.		3,000		3,171
BES Engineering Corp.		13,000		3,921
Capital Securities Corp.		17,000		6,303
Career Technology Co., Ltd.		2,000		1,899
Cathay No. 1 REIT		7,000		4,721
Cathay Real Estate Development Co., Ltd.		10,000		6,308
Charoen Pokphand Enterprise		5,000		2,651
Cheng Loong Corp.		8,000		3,852
Cheng Uei Precision Industry Co., Ltd.		2,059		4,131
Chicony Electronics Co., Ltd.		2,484		6,243
Chien Kuo Construction Co., Ltd.		4,000		1,866
Chin-Poon Industrial Co.		4,000		6,684
China Bills Finance Corp.		6,000		2,355
China Chemical & Pharmaceutical Co., Ltd.		5,000		3,934
China Manmade Fibers Corp. (a)		9,000		3,805
China Motor Corp.		3,000		2,904
China Steel Chemical Corp.		1,000		5,503
China Synthetic Rubber Corp.		3,000		2,829
Chipbond Technology Corp.		3,000		4,716
Chong Hong Construction Co., Ltd.		2,040		6,263
Chroma ATE, Inc.		2,000		4,194
Chung Hung Steel Corp. (a)		11,000		3,159
Clevo Co.		3,241		7,003
CMC Magnetics Corp. (a)		19,000		3,124
Coretronic Corp.		4,000		3,953
CTCI Corp.		2,000		3,241
CyberTAN Technology, Inc.		3,000		3,327
D-Link Corp.		4,000		2,423
Dynapack International Technology Corp.		1,000		2,785
E Ink Holdings, Inc. (a)		6,000		3,292
Eclat Textile Co., Ltd.		20		225
Elan Microelectronics Corp.		3,000		4,716
Elite Material Co., Ltd.		5,000		4,194
Elite Semiconductor Memory Technology, Inc. (a)		3,000		3,604
Entie Commercial Bank		9,000		4,499
Epistar Corp. (a)		4,000		7,704
Eternal Chemical Co., Ltd.		4,000		3,892
Eva Airways Corp. (a)		5,000		2,785
Evergreen Marine Corp., Ltd. (a)		8,000		4,885
Everlight Chemical Industrial Corp.		4,620		3,782
Everlight Electronics Co., Ltd.		2,000		4,597
Excelsior Medical Co., Ltd.		1,100		2,185
Far Eastern Department Stores, Ltd.		5,150		5,098
Far Eastern International Bank		15,474		6,464
Faraday Technology Corp.		3,000		4,197
Farglory Land Development Co., Ltd.		2,132		3,613
Feng Hsin Iron & Steel Co., Ltd.		2,000		3,671
Feng TAY Enterprise Co., Ltd.		2,236		5,364
FLEXium Interconnect, Inc.		668		2,152

12

SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Formosa Taffeta Co., Ltd.		5,000	$	6,048
Formosan Rubber Group, Inc.		6,000		5,647
Formosan Union Chemical		3,700		1,775
FSP Technology, Inc.		3,000		2,738
G Tech Optoelectronics Corp.		1,000		1,260
GeoVision, Inc.		1,164		7,323
Gigabyte Technology Co., Ltd.		4,000		4,832
Gintech Energy Corp. (a)		2,000		2,282
Global Unichip Corp. (a)		1,000		2,483
Gloria Material Technology Corp.		3,509		2,567
Goldsun Development & Construction Co., Ltd.		10,000		4,161
Grand Ocean Retail Group, Ltd.		1,000		2,074
Grand Pacific Petrochemical		7,000		5,437
Great Wall Enterprise Co.		3,346		2,964
HannStar Display Corp. (a)		12,000		4,449
Hey Song Corp.		2,250		2,642
Highwealth Construction Corp.		1,370		2,896
Hiwin Technologies Corp.		1,030		8,692
Ho Tung Chemical Corp.		8,232		3,977
Hong TAI Electric Industrial		12,000		3,982
Huaku Development Co., Ltd.		2,080		5,876
Huang Hsiang Construction Co.		1,000		1,792
I-Sheng Electric Wire & Cable Co., Ltd.		3,000		4,263
Ibase Technology, Inc.		2,147		3,152
Jess-Link Products Co., Ltd.		1,000		893
Kenda Rubber Industrial Co., Ltd.		1,134		2,523
Kerry TJ Logistics Co., Ltd.		3,000		4,671
King Yuan Electronics Co., Ltd.		8,000		5,489
King’s Town Bank		6,000		5,717
Kinpo Electronics		16,000		5,879
Kinsus Interconnect Technology Corp.		2,000		6,637
LCY Chemical Corp.		3,149		4,094
Lien Hwa Industrial Corp.		3,000		1,953
Lingsen Precision Industries, Ltd.		5,000		2,709
Long Bon International Co., Ltd.		3,000		1,913
Lumax International Corp., Ltd.		1,391		3,346
Lung Yen Life Service Corp.		1,000		2,818
Macronix International Co., Ltd. (a)		20,519		4,620
Makalot Industrial Co., Ltd.		1,000		5,402
Masterlink Securities Corp.		10,000		3,473
Mercuries & Associates, Ltd.		2,376		1,682
Merida Industry Co., Ltd.		1,600		11,623
Micro-Star International Co., Ltd.		7,000		5,684
Microbio Co., Ltd. (a)		3,394		3,542
Mirle Automation Corp.		2,240		1,909
Motech Industries, Inc. (a)		2,000		4,100
Nan Kang Rubber Tire Co., Ltd. (a)		3,704		4,592
Nantex Industry Co., Ltd.		2,205		1,424
Neo Solar Power Corp. (a)		3,493		5,163
Nien Hsing Textile Co., Ltd.		4,155		4,280
Oriental Union Chemical Corp.		4,800		5,194
Pan-International Industrial Co., Ltd.		3,030		2,308
Phison Electronics Corp.		1,000		6,392
PixArt Imaging, Inc.		1,020		1,721
Portwell, Inc.		1,000		961
Powertech Technology, Inc.		3,000		4,585
President Securities Corp.		7,420		4,407
Prime Electronics Satellitics, Inc.		1,765		1,332
Prince Housing Development Corp.		6,050		3,563
Promate Electronic Co., Ltd.		2,000		2,208
Qisda Corp. (a)		11,000		2,705
Radiant Opto-Electronics Corp.		2,759		10,090
Realtek Semiconductor Corp.		3,100		8,321
RichTek Technology Corp.		1,000		4,664
Ritek Corp. (a)		19,000		3,219
Ruentex Industries, Ltd.		3,285		8,432
Sampo Corp.		7,000		2,783
Sanyang Industry Co., Ltd.		6,000		9,834
Senao International Co., Ltd.		1,000		3,120
Shihlin Paper Corp. (a)		2,000		3,067
Shin Zu Shing Co., Ltd.		1,000		2,496
Shinkong Synthetic Fibers Corp.		14,000		4,909
Sigurd Microelectronics Corp.		4,000		3,818
Silicon Integrated Systems Corp. (a)		5,000		1,493
Simplo Technology Co., Ltd.		1,729		7,658
Sinbon Electronics Co., Ltd.		5,000		6,702
Sinmag Bakery Machine Corp.		762		4,027
Sino-American Silicon Products, Inc. (a)		3,000		5,103
Sinon Corp.		7,000		3,922
Sinphar Pharmaceutical Co., Ltd.		2,000		3,308
Sintek Photronic Corp. (a)		5,000		1,493
Sinyi Realty Co.		1,271		2,286
Solar Applied Materials Technology Corp.		3,599		3,079
Solartech Energy Corp. (a)		2,000		1,919
Standard Foods Corp.		669		2,088
Systex Corp. (a)		2,000		4,503
Ta Chong Bank Co., Ltd. (a)		11,352		4,133
Taichung Commercial Bank		16,698		6,135
Tainan Enterprises Co., Ltd.		3,000		3,151
Tainan Spinning Co., Ltd.		8,120		5,735
Taisun Enterprise Co., Ltd. (a)		6,360		2,849
Taiwan Business Bank (a)		20,342		6,191
Taiwan Cogeneration Corp.		3,000		1,751
Taiwan Fire & Marine Insurance Co.		3,000		2,486
Taiwan Hon Chuan Enterprise Co., Ltd.		2,000		4,214
Taiwan Land Development Corp. (a)		7,430		2,730
Taiwan Secom Co., Ltd.		2,000		5,020
Taiwan Surface Mounting Technology Co., Ltd.		1,293		1,952
Tatung Co., Ltd. (a)		13,000		3,607
Teco Electric & Machinery Co., Ltd.		11,000		12,604
Test-Rite International Co.		4,246		3,163
Thye Ming Industrial Co., Ltd.		3,075		3,673
Tong Hsing Electronic Industries, Ltd.		1,000		4,630
Tong Yang Industry Co., Ltd.		3,321		4,970
Topco Scientific Co., Ltd.		2,039		4,071
Transcend Information, Inc.		2,000		5,751
Tripod Technology Corp.		3,000		5,375
TSRC Corp.		3,700		5,462
TTY Biopharm Co., Ltd.		739		2,261
Tung Ho Steel Enterprise Corp.		5,000		4,395
TXC Corp.		3,000		3,634
U-Ming Marine Transport Corp.		2,000		3,590
Unimicron Technology Corp.		7,000		5,308
Unity Opto Technology Co., Ltd. (a)		3,000		3,010
Unizyx Holding Corp. (a)		5,000		3,137
UPC Technology Corp.		5,608		2,719
USI Corp.		4,200		2,917
Ve Wong Corp.		4,000		3,342
Via Technologies, Inc. (a)		2,000		1,879
Visual Photonics Epitaxy Co., Ltd.		1,008		1,028

13

SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Walsin Lihwa Corp. (a)		21,000	$	6,736
Wan Hai Lines, Ltd.		6,000		3,120
Waterland Financial Holdings Co., Ltd.		12,524		4,198
Wei Chuan Food Corp.		3,000		5,275
Weikeng Industrial Co., Ltd.		1,000		770
Win Semiconductors Corp.		3,000		2,793
Winbond Electronics Corp. (a)		20,000		5,369
Wintek Corp. (a)		8,000		2,792
Wistron NeWeb Corp.		2,161		5,612
WPG Holdings, Ltd.		10,000		11,509
Yageo Corp. (a)		9,100		3,282
Yang Ming Marine Transport Corp. (a)		7,000		3,276
Yieh Phui Enterprise Co., Ltd. (a)		9,180		2,982
Yuen Foong Yu Paper Manufacturing Co., Ltd.		9,000		4,499
Yungtay Engineering Co., Ltd.		2,000		5,738
Zenitron Corp.		1,000		643
Zinwell Corp.		3,000		3,483
				798,527
THAILAND — 6.2%
Bangkok Chain Hospital PCL		20,873		3,843
Bangkok Expressway PCL		5,232		5,334
Bumrungrad Hospital PCL		2,886		7,707
Dynasty Ceramic PCL		2,266		3,362
Esso Thailand PCL, NVDR		10,400		1,899
IRPC PCL, NVDR		184,800		18,334
Jasmine International PCL, NVDR		24,200		4,934
Kiatnakin Bank PCL, NVDR		3,500		3,968
MBK PCL, NVDR		800		3,408
Precious Shipping PCL		5,974		3,872
Pruksa Real Estate PCL		8,551		4,736
Robinson Department Store PCL, NVDR		6,900		10,079
Siam Global House PCL, NVDR		7,117		3,422
Sri Trang Agro-Industry PCL		5,666		2,242
Thai Airways International PCL		4,638		1,948
Thai Stanley Electric PCL, NVDR		700		4,431
Thai Tap Water Supply PCL		27,504		8,370
Thai Union Frozen Products PCL, NVDR		5,000		10,917
Thai Vegetable Oil PCL		4,207		2,368
Thai Vegetable Oil PCL, NVDR		20,000		11,260
Thanachart Capital PCL		5		5
Thoresen Thai Agencies PCL (a)		9,557		5,061
Tisco Financial Group PCL		3,969		4,650
				126,150
UNITED STATES — 0.7%
WNS Holdings, Ltd. ADR (a)		658		14,417
TOTAL COMMON STOCKS —
(Cost $1,861,845)				2,019,567
RIGHTS — 0.0% (e)
MALAYSIA — 0.0% (e)
KPJ Healthcare Bhd (expiring 01/13/14) (a) (Cost $0)		393		247
WARRANTS — 0.0% (e)
MALAYSIA — 0.0% (e)
Malaysian Resources Corp. Bhd (expiring 09/16/18) (a)		2,867		197
THAILAND — 0.0% (d)
Bangkokland PCL, NVDR (expiring 07/02/18) (a)		24,444		246
TOTAL WARRANTS —
(Cost $366)				443
SHORT TERM INVESTMENTS — 15.4%
UNITED STATES — 15.4%
MONEY MARKET FUNDS — 15.4%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		90,856		90,856
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		221,655		221,655
TOTAL SHORT TERM INVESTMENTS —
(Cost $312,511)				312,511
TOTAL INVESTMENTS — 114.7%
(Cost $2,174,722)				2,332,768
OTHER ASSETS & LIABILITIES — (14.7)%				(299,724	)
NET ASSETS — 100.0%			$	2,033,044

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs. (See accompanying Notes to Schedules of Investment)
(d)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(e)	Amount shown represents less than 0.05% of net assets.
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

NVDR = Non Voting Depositary Receipt

PCL = Public Company Limited

REIT = Real Estate Investment Trust

14

SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Real Estate Management & Development		7.5	%
Semiconductors & Semiconductor Equipment		7.3
Chemicals		7.0
Electronic Equipment, Instruments & Components		5.8
Food Products		5.3
Machinery		3.9
Metals & Mining		3.8
Commercial Banks		3.4
Construction & Engineering		3.3
Textiles, Apparel & Luxury Goods		3.2
Oil, Gas & Consumable Fuels		2.9
Computers & Peripherals		2.8
Pharmaceuticals		2.6
Hotels, Restaurants & Leisure		2.4
Electrical Equipment		2.2
Automobiles		2.2
Auto Components		2.0
Communications Equipment		2.0
Diversified Financial Services		1.8
Health Care Providers & Services		1.8
Marine		1.8
Multiline Retail		1.7
Media		1.7
IT Services		1.7
Capital Markets		1.6
Specialty Retail		1.5
Household Durables		1.3
Consumer Finance		1.2
Health Care Equipment & Supplies		1.2
Software		1.0
Transportation Infrastructure		1.0
Beverages		0.9
Leisure Equipment & Products		0.8
Construction Materials		0.7
Water Utilities		0.6
Containers & Packaging		0.6
Building Products		0.6
Independent Power Producers & Energy Traders		0.6
Air Freight & Logistics		0.5
Paper & Forest Products		0.5
Industrial Conglomerates		0.4
Airlines		0.4
Biotechnology		0.4
Professional Services		0.4
Distributors		0.4
Thrifts & Mortgage Finance		0.3
Personal Products		0.3
Trading Companies & Distributors		0.2
Commercial Services & Supplies		0.2
Diversified Telecommunication Services		0.2
Insurance		0.2
Energy Equipment & Services		0.2
Internet Software & Services		0.2
Internet & Catalog Retail		0.2
Gas Utilities		0.2
Electric Utilities		0.2
Diversified Consumer Services		0.1
Household Products		0.1
Short Term Investment		15.4
Other Assets & Liabilities		(14.7	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

** Each security is valued based on Level 1 inputs except for China Metal Recycling Holdings, Ltd., which was a Level 3 and part of the Metals & Mining Industry, representing 0.00% of net assets, Hanergy Solar Group, Ltd., which was a Level 2 and part of the Semiconductor & Semiconductor Equipment Industry, representing 0.31% of net assets, Boshiwa International Holding, Ltd., which was Level 3 and part of the Specialty Retail Industry, representing 0.00% of net assets and Garda Tujuh Buana Tbk PT, which was Level 2 part of the Oil, Gas & Consumable Fuels Industry, representing 0.03% of net assets. (See accompanying Notes to Schedules of Investments)

15

SPDR S&P Russia ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.8%
RUSSIA — 99.8%
CHEMICALS — 3.3%
Phosagro OAO GDR		9,770	$	95,599
Uralkali OJSC GDR		37,456		996,330
				1,091,929
COMMERCIAL BANKS — 13.3%
NOMOS-BANK GDR (a)		600		8,700
Sberbank of Russia ADR (b)		259,009		3,255,743
Sberbank of Russia ADR (b)		23,572		296,536
VTB Bank OJSC GDR		294,543		882,156
				4,443,135
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.5%
Rostelecom OJSC ADR		40,440		833,468
ELECTRIC UTILITIES — 1.4%
Federal Hydrogenerating Co. JSC ADR (b)		1,612		2,740
Federal Hydrogenerating Co. JSC ADR (b)		266,626		460,197
				462,937
ENERGY EQUIPMENT & SERVICES — 1.6%
Eurasia Drilling Co., Ltd. GDR		8,914		401,130
TMK OAO GDR		11,823		139,393
				540,523
FOOD & STAPLES RETAILING — 6.0%
Magnit OJSC GDR		23,848		1,578,738
O’Key Group SA GDR		12,864		153,082
X5 Retail Group NV GDR (a)		15,407		258,375
				1,990,195
HOUSEHOLD DURABLES — 0.6%
PIK Group GDR (a)		88,067		204,316
INTERNET SOFTWARE & SERVICES — 4.1%
Mail.ru Group, Ltd. GDR		8,866		395,424
Yandex NV (Class A) (a)		22,681		978,685
				1,374,109
MEDIA — 0.4%
CTC Media, Inc.		10,620		147,565
METALS & MINING — 8.3%
Evraz PLC (a)		42,654		79,053
IRC, Ltd. (a)		200,000		20,119
Magnitogorsk Iron & Steel Works GDR (a)		25,400		76,149
Mechel OAO, ADR (a)(c)		22,429		57,418
MMC Norilsk Nickel OJSC ADR		92,023		1,529,422
Novolipetsk Steel OJSC GDR		12,351		208,608
Polymetal International PLC		22,581		215,049
Polyus Gold International, Ltd.		86,705		285,415
Severstal GDR		29,721		293,644
				2,764,877
OIL, GAS & CONSUMABLE FUELS — 45.9%
Exillon Energy PLC (a)		25,237		71,894
Gazprom Neft JSC ADR		11,801		266,703
Gazprom OAO ADR		639,564		5,468,272
Lukoil OAO ADR (b)		15,760		994,771
Lukoil OAO ADR (b)		49,303		3,078,972
NovaTek OAO GDR		11,127		1,523,286
Rosneft Oil Co. GDR (b)		2,918		22,221
Rosneft Oil Co. GDR (b)		151,954		1,157,130
Surgutneftegas OJSC ADR		124,358		1,074,453
Surgutneftegas OJSC ADR Preference Shares		65,782		510,468
Tatneft OAO ADR		30,247		1,156,041
				15,324,211
PHARMACEUTICALS — 0.5%
Pharmstandard GDR (a)		16,495		163,548
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.1%
AFI Development PLC, GDR (a)		90,640		64,853
Etalon Group, Ltd. GDR (a)		22,209		117,708
LSR Group OJSC GDR		40,345		168,884
				351,445
ROAD & RAIL — 0.7%
Globaltrans Investment PLC GDR		14,816		235,574
TRANSPORTATION INFRASTRUCTURE — 0.3%
Novorossiysk Commercial Sea Trade Port PJSC GDR		18,089		113,056
WIRELESS TELECOMMUNICATION SERVICES — 9.8%
MegaFon OAO GDR		10,850		363,475
Mobile Telesystems OJSC ADR		71,586		1,548,405
Sistema JSFC GDR		25,755		827,250
VimpelCom, Ltd. ADR		40,273		521,133
				3,260,263
TOTAL COMMON STOCKS —
(Cost $43,054,753)				33,301,151
SHORT TERM INVESTMENTS — 1.7%
UNITED STATES — 1.7%
MONEY MARKET FUNDS — 1.7%
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		538,422		538,422
State Street Navigator Securities Lending Prime Portfolio (e)(f)		28,267		28,267
TOTAL SHORT TERM INVESTMENTS —
(Cost $566,689)				566,689
TOTAL INVESTMENTS — 101.5% (g)
(Cost $43,621,442)				33,867,840
OTHER ASSETS & LIABILITIES — (1.5)%				(502,923	)
NET ASSETS — 100.0%			$	33,364,917

(a)	Non-income producing security.
(b)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(c)	A portion of the security was on loan at December 31, 2013.
(d)	The rate shown is the annualized seven-day yield at period end.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	Investments of cash collateral for securities loaned.
(g)	Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

PLC = Public Limited Company

16

SPDR S&P China ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.8%
AEROSPACE & DEFENSE — 0.1%
AviChina Industry & Technology Co.		1,804,000	$	1,049,304
AIRLINES — 1.0%
Air China, Ltd.		3,002,000		2,241,700
China Eastern Airlines Corp., Ltd. (a)(b)		3,016,000		1,135,801
China Southern Airlines Co., Ltd. (Class H) (b)		14,664,000		5,711,466
				9,088,967
AUTO COMPONENTS — 0.3%
Minth Group, Ltd.		688,000		1,428,573
Xinyi Glass Holdings Co., Ltd. (b)		1,658,000		1,462,611
				2,891,184
AUTOMOBILES — 2.4%
Brilliance China Automotive Holdings, Ltd.		3,014,000		4,913,359
BYD Co., Ltd. (a)(b)		506,000		2,479,832
Dongfeng Motor Group Co., Ltd.		2,991,300		4,683,461
Geely Automobile Holdings, Ltd. (b)		3,365,000		1,627,438
Great Wall Motor Co., Ltd. (Class H) (b)		920,500		5,081,077
Guangzhou Automobile Group Co., Ltd. (b)		2,318,637		2,535,811
				21,320,978
BEVERAGES — 0.6%
Tibet 5100 Water Resources Holdings, Ltd. (b)		2,669,000		1,053,315
Tsingtao Brewery Co., Ltd. (b)		459,000		3,880,374
				4,933,689
CAPITAL MARKETS — 0.5%
China Everbright, Ltd.		442,000		698,877
CITIC Securities Co., Ltd. (Class H) (b)		796,000		2,171,259
Haitong Securities Co., Ltd. (Class H) (b)		957,600		1,667,271
				4,537,407
CHEMICALS — 0.6%
China Bluechemical, Ltd.		2,312,000		1,446,165
China Lumena New Materials Corp. (b)		4,050,548		794,046
Huabao International Holdings, Ltd. (b)		1,552,000		858,692
Sinopec Shanghai Petrochemical Co., Ltd.		3,791,999		1,090,589
Yingde Gases		1,273,000		1,333,130
				5,522,622
COMMERCIAL BANKS — 19.6%
Agricultural Bank of China, Ltd.		22,813,000		11,209,741
Bank of China, Ltd.		64,396,700		29,649,682
Bank of Chongqing Co. Ltd. (Class H) (a)		918,000		648,801
Bank of Communications Co., Ltd. (b)		7,392,824		5,215,379
China Citic Bank Corp., Ltd.		7,980,471		4,333,101
China Construction Bank Corp.		74,317,623		56,070,688
China Merchants Bank Co., Ltd. (b)		4,303,735		9,169,460
China Minsheng Banking Corp., Ltd. (Class H) (b)		4,694,500		5,212,916
Chongqing Rural Commercial Bank Co., Ltd. (b)		1,422,000		689,566
Huishang Bank Corp. Ltd. (Class H) (a)		5,563,000		2,539,806
Industrial & Commercial Bank of China		73,046,789		49,365,168
				174,104,308
COMMERCIAL SERVICES & SUPPLIES — 0.3%
China Everbright International, Ltd. (b)		1,854,000		2,481,963
COMMUNICATIONS EQUIPMENT — 0.8%
AAC Technologies Holdings, Inc. (b)		758,245		3,681,821
China All Access Holdings, Ltd. (b)		2,636,000		1,125,283
China Wireless Technologies, Ltd.		1,468,000		480,892
TCL Communication Technology Holdings, Ltd. (a)		460,000		469,863
ZTE Corp. (a)(b)		807,198		1,603,205
				7,361,064
COMPUTERS & PERIPHERALS — 0.9%
Lenovo Group, Ltd. (b)		6,444,000		7,837,101
TPV Technology, Ltd.		1,760,000		363,179
				8,200,280
CONSTRUCTION & ENGINEERING — 1.6%
China Communications Construction Co., Ltd. (Class H)		5,100,394		4,111,232
China Railway Construction Corp. (Class H) (b)		2,162,875		2,153,460
China Railway Group, Ltd.		4,578,000		2,361,696
China State Construction International Holdings, Ltd.		1,848,000		3,312,874
Metallurgical Corp. of China, Ltd. (a)(b)		4,612,000		850,577
Sinopec Engineering Group Co., Ltd. (b)		1,247,000		1,865,575
				14,655,414
CONSTRUCTION MATERIALS — 1.2%
Anhui Conch Cement Co., Ltd. (b)		1,379,000		5,113,171
BBMG Corp.		810,000		705,143
China National Building Material Co., Ltd. (b)		3,226,000		3,469,913
China Resources Cement Holdings, Ltd.		969,163		651,213
China Shanshui Cement Group, Ltd.		1,728,000		742,123
				10,681,563
DIVERSIFIED CONSUMER SERVICES — 0.6%
New Oriental Education & Technology Group, Inc. ADR		127,380		4,012,470
TAL Education Group, ADR (a)		77,571		1,705,786
				5,718,256
DIVERSIFIED FINANCIAL SERVICES — 0.1%
Far East Horizon, Ltd.		1,103,000		943,142
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.8%
China Communications Services Corp., Ltd. (Class H)		2,003,600		1,240,339
China Telecom Corp., Ltd.		14,762,951		7,463,585

17

SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
China Unicom (Hong Kong), Ltd. (b)		4,603,805	$	6,887,524
				15,591,448
ELECTRICAL EQUIPMENT — 0.4%
China High Speed Transmission Equipment Group Co., Ltd. (a)(b)		1,270,000		689,563
Shanghai Electric Group Co., Ltd. (b)		3,608,000		1,312,212
Zhuzhou CSR Times Electric Co., Ltd.		465,000		1,673,190
				3,674,965
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.7%
Anxin-China Holdings, Ltd.		2,684,000		851,541
Avic International Holdings, Ltd. (a)		1,858,000		754,822
Digital China Holdings, Ltd.		923,000		1,088,018
Ju Teng International Holdings, Ltd.		960,000		635,151
Kingboard Chemical Holdings, Ltd.		764,999		1,997,901
Shijiazhuang Baoshi Electronic Glass Co. Ltd. (Class B) (a)		106,000		136,435
Sunny Optical Technology Group Co., Ltd. (b)		432,000		420,091
				5,883,959
ENERGY EQUIPMENT & SERVICES — 0.7%
Anton Oilfield Services Group (b)		916,000		557,604
China Oilfield Services, Ltd.		1,379,900		4,280,070
Honghua Group, Ltd. (b)		1,282,000		431,536
SPT Energy Group, Inc.		932,000		554,121
				5,823,331
FOOD & STAPLES RETAILING — 0.8%
China Resources Enterprise, Ltd. (b)		1,381,854		4,589,101
Sun Art Retail Group Ltd. (b)		1,246,000		1,758,019
Wumart Stores, Inc. (b)		469,000		762,134
				7,109,254
FOOD PRODUCTS — 3.4%
Asian Citrus Holdings, Ltd.		1,431,323		393,193
Biostime International Holdings, Ltd. (b)		175,000		1,560,696
China Agri-Industries Holdings, Ltd.		2,008,600		1,002,519
China Huishan Dairy Holdings Co. Ltd. (a)		3,379,000		1,220,210
China Mengniu Dairy Co., Ltd.		1,381,110		6,554,873
China Milk Products Group, Ltd. (a)(c)		15,000		0
China Modern Dairy Holdings, Ltd. (a)(b)		2,514,000		1,361,767
China Yurun Food Group, Ltd. (a)(b)		1,384,000		888,902
CP Pokphand Co. (b)		4,132,000		410,336
Shenguan Holdings Group, Ltd. (b)		1,828,000		815,719
Tingyi Cayman Islands Holding Corp. (b)		2,071,844		5,985,401
Uni-President China Holdings, Ltd. (b)		557,000		567,506
Want Want China Holdings, Ltd.		6,799,933		9,822,247
				30,583,369
GAS UTILITIES — 0.8%
China Gas Holdings, Ltd.		2,022,000		2,972,858
China Oil and Gas Group, Ltd.		2,440,000		450,002
China Resources Gas Group, Ltd. (b)		1,156,000		4,025,407
				7,448,267
HEALTH CARE EQUIPMENT & SUPPLIES — 0.7%
Mindray Medical International, Ltd. ADR (b)		100,806		3,665,306
Shandong Weigao Group Medical Polymer Co., Ltd. (b)		1,824,000		2,460,621
				6,125,927
HEALTH CARE PROVIDERS & SERVICES — 0.5%
Phoenix Healthcare Group Co. Ltd. (a)		439,000		703,193
Shanghai Pharmaceuticals Holding Co., Ltd.		766,300		1,875,786
Sinopharm Group Co., Ltd. (Class H)		733,200		2,103,975
				4,682,954
HOTELS, RESTAURANTS & LEISURE — 0.5%
Ajisen China Holdings, Ltd.		460,000		475,796
China Travel International Investment Hong Kong, Ltd.		4,790,000		1,006,958
Home Inns & Hotels Management, Inc. ADR (a)(b)		30,533		1,332,460
REXLot Holdings, Ltd. (b)		5,602,210		758,642
Shanghai Jin Jiang International Hotels Group Co., Ltd.		1,404,187		478,098
				4,051,954
HOUSEHOLD DURABLES — 0.5%
Haier Electronics Group Co., Ltd.		1,007,000		2,922,135
Hisense Kelon Electrical Holdings Co. Ltd. (Class H) (a)		331,000		501,169
Skyworth Digital Holdings, Ltd.		1,809,878		996,702
				4,420,006
HOUSEHOLD PRODUCTS — 0.1%
NVC Lighting Holdings, Ltd.		2,244,000		538,299
Vinda International Holdings, Ltd.		416,000		692,104
				1,230,403
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 1.8%
Beijing Jingneng Clean Energy Co., Ltd. (Class H)		1,466,000		769,514
China Datang Corp. Renewable Power Co., Ltd. (b)		2,209,000		467,227
China Longyuan Power Group Corp. (Class H)		2,417,000		3,114,084
China Power International Development, Ltd. (b)		2,672,000		951,117
China Resources Power Holdings Co., Ltd.		1,844,112		4,371,405
Datang International Power Generation Co., Ltd. (b)		3,652,287		1,686,305
Huaneng Power International, Inc.		3,462,129		3,130,037
Huaneng Renewables Corp., Ltd. (Class H)		2,656,000		1,274,263
				15,763,952
INDUSTRIAL CONGLOMERATES — 1.2%
Beijing Enterprises Holdings, Ltd.		513,500		5,092,781
Citic Pacific, Ltd. (b)		1,977,000		3,023,985
Shanghai Industrial Holdings, Ltd.		688,000		2,515,531
				10,632,297
INSURANCE — 6.2%
China Life Insurance Co., Ltd.		6,890,040		21,548,731

18

SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
China Pacific Insurance Group Co., Ltd. (Class H)		1,573,000	$	6,167,235
China Taiping Insurance Holdings Co., Ltd. (a)		1,047,800		2,140,532
New China Life Insurance Co. Ltd. (a)		367,600		1,232,642
People’s Insurance Co. Group of China, Ltd. (Class H)		5,202,000		2,515,880
PICC Property & Casualty Co., Ltd.		3,475,742		5,155,058
Ping An Insurance Group Co. of China, Ltd.		1,781,300		15,955,026
				54,715,104
INTERNET & CATALOG RETAIL — 1.0%
Ctrip.com International, Ltd. ADR (a)		127,306		6,316,924
E-Commerce China Dangdang, Inc. ADR (a)(b)		64,164		612,766
Vipshop Holdings, Ltd. ADS (a)(b)		18,770		1,570,674
				8,500,364
INTERNET SOFTWARE & SERVICES — 14.9%
21Vianet Group, Inc. ADR (a)(b)		56,024		1,317,684
Baidu, Inc. ADR (a)		248,497		44,202,646
Bitauto Holdings, Ltd. ADR (a)		11,800		377,128
NetEase, Inc. ADR		71,124		5,590,346
Phoenix New Media, Ltd. ADR (a)(b)		48,073		462,943
Qihoo 360 Technology Co., Ltd. ADR (a)		71,793		5,890,616
Sina Corp. (a)		64,694		5,450,470
Sohu.com, Inc. (a)(b)		38,477		2,806,128
SouFun Holdings, Ltd. ADR		16,280		1,341,635
Tencent Holdings, Ltd.		954,883		60,910,544
Youku Tudou, Inc. ADR (a)(b)		113,070		3,426,021
YY, Inc. ADR (a)(b)		10,915		548,806
				132,324,967
IT SERVICES — 0.2%
Travelsky Technology, Ltd.		1,712,000		1,689,092
MACHINERY — 1.3%
Changsha Zoomlion Heavy Industry Science and Technology Development Co., Ltd. (b)		1,117,000		1,042,990
China International Marine Containers Group Co., Ltd. (Class H)		642,800		1,367,880
CIMC Enric Holdings, Ltd.		688,000		1,109,141
CSR Corp., Ltd. (Class H)		1,170,000		959,690
Haitian International Holdings, Ltd.		699,000		1,579,427
Lonking Holdings, Ltd. (a)		2,879,000		560,669
Weichai Power Co., Ltd. (b)		572,920		2,309,044
Yangzijiang Shipbuilding Holdings, Ltd. (b)		2,869,000		2,692,670
				11,621,511
MARINE — 0.4%
China COSCO Holdings Co., Ltd. (a)(b)		3,172,675		1,546,698
China Shipping Container Lines Co., Ltd. (a)(b)		4,127,500		1,075,293
China Shipping Development Co., Ltd. (a)(b)		1,551,800		1,204,815
				3,826,806
METALS & MINING — 1.4%
Aluminum Corp. of China, Ltd. (a)(b)		5,122,000		1,783,576
Angang Steel Co., Ltd. (a)(b)		1,588,320		1,179,464
China Metal Recycling Holdings, Ltd. (a)(b)(d)		468,000		0
China Molybdenum Co., Ltd.		1,733,000		775,561
Jiangxi Copper Co., Ltd. (Class H) (b)		1,834,000		3,311,430
Maanshan Iron & Steel (a)(b)		3,710,000		1,004,804
North Mining Shares Co., Ltd. (a)		10,960,000		438,188
Shougang Fushan Resources Group, Ltd. (b)		3,360,000		1,178,681
Zhaojin Mining Industry Co., Ltd. (b)		1,144,000		653,609
Zijin Mining Group Co., Ltd. (Class H) (b)		8,486,750		1,816,928
				12,142,241
MULTILINE RETAIL — 0.3%
Golden Eagle Retail Group, Ltd. (b)		774,120		1,022,343
Intime Retail Group Co., Ltd. (b)		869,500		904,964
Parkson Retail Group, Ltd. (b)		1,843,000		568,082
				2,495,389
OIL, GAS & CONSUMABLE FUELS — 10.3%
China Coal Energy Co., Ltd (b)		4,641,013		2,609,681
China Petroleum & Chemical Corp.		22,986,640		18,765,814
China Shenhua Energy Co., Ltd.		3,389,700		10,688,785
CNOOC, Ltd.		15,063,174		28,013,667
Inner Mongolia Yitai Coal Co., Ltd.		530,600		903,295
Kunlun Energy Co., Ltd.		2,747,400		4,840,172
Newocean Energy Holdings, Ltd.		962,000		785,357
PetroChina Co., Ltd.		19,312,930		21,171,679
Sinopec Kantons Holdings, Ltd. (b)		1,164,000		1,294,042
United Energy Group, Ltd. (a)(b)		2,976,000		429,872
Yanzhou Coal Mining Co., Ltd. (b)		2,313,900		2,112,837
				91,615,201
PAPER & FOREST PRODUCTS — 0.3%
Lee & Man Paper Manufacturing, Ltd. (b)		2,190,000		1,443,289
Nine Dragons Paper Holdings, Ltd. (b)		1,834,000		1,596,582
				3,039,871
PERSONAL PRODUCTS — 1.1%
Hengan International Group Co., Ltd.		747,000		8,824,788
Magic Holdings International, Ltd.		728,000		576,485
				9,401,273
PHARMACEUTICALS — 1.2%
China Medical System Holdings, Ltd. (b)		873,000		933,377
China Pharmaceutical Group, Ltd.		1,060,000		836,653
China Shineway Pharmaceutical Group, Ltd.		334,000		457,466
Guangzhou Baiyunshan Pharmaceu (a)		236,000		826,361
Sihuan Pharmaceutical Holdings Group, Ltd.		2,155,000		1,967,745
Sino Biopharmaceutical		2,816,000		2,233,552
Tong Ren Tang Technologies Co., Ltd.		214,000		683,089
WuXi PharmaTech Cayman, Inc. ADR (a)		79,517		3,051,862
				10,990,105
REAL ESTATE MANAGEMENT & DEVELOPMENT — 5.3%
Agile Property Holdings, Ltd.		2,091,109		2,241,124
China Overseas Grand Oceans Group, Ltd. (b)		476,000		453,670

19

SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
China Overseas Land & Investment, Ltd. (b)		3,915,862	$	11,009,614
China Resources Land, Ltd. (b)		1,841,000		4,563,472
China South City Holdings, Ltd. (b)		4,256,000		1,207,571
Country Garden Holdings Co., Ltd.		7,541,657		4,551,985
E-House China Holdings, Ltd.		70,193		1,058,510
Evergrande Real Estate Group, Ltd. (b)		4,268,000		1,629,312
Greentown China Holdings, Ltd.		483,000		737,543
Guangzhou R&F Properties Co., Ltd. (Class H) (b)		1,224,624		1,791,035
Hopson Development Holdings, Ltd. (a)(b)		476,000		573,379
Kaisa Group Holdings, Ltd. (a)(b)		1,428,000		460,422
Longfor Properties Co., Ltd.		990,500		1,384,752
Poly Hong Kong Investments, Ltd. (b)		1,491,000		796,097
Renhe Commercial Holdings Co., Ltd. (a)(b)		12,180,000		777,572
Shenzhen Investment, Ltd.		1,930,109		726,864
Shimao Property Holdings, Ltd. (b)		1,447,441		3,326,571
Shui On Land, Ltd.		3,857,500		1,184,053
Sino-Ocean Land Holdings, Ltd. (b)		4,242,491		2,785,011
Soho China, Ltd.		1,185,500		1,021,330
Sunac China Holdings, Ltd.		1,415,000		848,589
Yanlord Land Group, Ltd. (b)		1,301,000		1,262,256
Yuexiu Property Co., Ltd.		7,166,000		1,765,218
Yuzhou Properties Co.		3,257,840		810,915
				46,966,865
ROAD & RAIL — 0.1%
Guangshen Railway Co., Ltd.		2,816,000		1,303,813
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.8%
GCL Poly Energy Holdings, Ltd. (a)(b)		6,071,000		1,879,142
Hanergy Solar Group, Ltd. (a)(b)(c)		9,744,000		992,779
Semiconductor Manufacturing International Corp. (a)(b)		24,653,000		1,939,491
Shunfeng Photovoltaic International Ltd. (a)		638,000		509,330
Trina Solar, Ltd. ADR (a)(b)		69,909		955,656
Yingli Green Energy Holding Co., Ltd. ADR (a)(b)		103,331		521,822
				6,798,220
SOFTWARE — 0.7%
AsiaInfo-Linkage, Inc. (a)		89,281		1,067,801
Giant Interactive Group, Inc. ADR		123,339		1,386,330
Kingsoft Corp., Ltd. (b)		686,000		1,977,379
NetDragon Websoft, Inc. (b)		268,500		491,723
NQ Mobile, Inc. ADR (a)		34,570		508,179
Perfect World Co., Ltd. ADR		42,325		752,539
				6,183,951
SPECIALTY RETAIL — 1.0%
Baoxin Auto Group, Ltd. (b)		782,000		759,434
Belle International Holdings, Ltd.		4,041,000		4,674,870
GOME Electrical Appliances Holding, Ltd. (b)		8,373,000		1,544,206
Hengdeli Holdings, Ltd.		3,356,895		792,277
Zhongsheng Group Holdings, Ltd. (b)		675,000		931,485
				8,702,272
TEXTILES, APPAREL & LUXURY GOODS — 0.6%
Anta Sports Products, Ltd. (b)		674,000		834,487
Bosideng International Holdings, Ltd. (b)		4,158,000		782,935
China Dongxiang Group Co.		5,089,000		866,352
Li Ning Co., Ltd. (a)(b)		1,154,500		911,242
Ports Design, Ltd.		622,500		481,702
Shenzhou International Group Holdings, Ltd.		343,000		1,287,287
				5,164,005
TRANSPORTATION INFRASTRUCTURE — 2.0%
Anhui Expressway Co., Ltd.		2,278,000		1,263,311
Beijing Capital International Airport Co., Ltd.		2,311,939		1,809,894
China Merchants Holdings International Co., Ltd.		1,150,172		4,197,952
COSCO Pacific, Ltd. (b)		2,065,273		2,834,049
Jiangsu Expressway Co., Ltd. (b)		3,228,795		3,968,456
Shenzhen Expressway Co., Ltd.		2,604,000		1,172,073
Shenzhen International Holdings, Ltd.		6,953,785		869,924
Zhejiang Expressway Co., Ltd. (Class H)		2,092,000		1,977,670
				18,093,329
WATER UTILITIES — 0.6%
Beijing Enterprises Water Group, Ltd. (b)		4,158,000		2,611,570
Guangdong Investment, Ltd. (b)		3,238,000		3,165,441
				5,777,011
WIRELESS TELECOMMUNICATION SERVICES — 5.6%
China Mobile, Ltd.		4,774,004		49,502,489
TOTAL COMMON STOCKS —
(Cost $884,957,058)				887,366,106
SHORT TERM INVESTMENTS — 9.6%
UNITED STATES — 9.6%
MONEY MARKET FUNDS — 9.6%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		80,215,161		80,215,161
State Street Institutional Liquid Reserves Fund 0.06% (f)(g)		5,043,871		5,043,871
TOTAL SHORT TERM INVESTMENTS —
(Cost $85,259,032)				85,259,032
TOTAL INVESTMENTS — 109.4% (h)
(Cost $970,216,090)				972,625,138
OTHER ASSETS & LIABILITIES — (9.4)%				(83,812,079	)
NET ASSETS — 100.0%			$	888,813,059

20

SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(d)	Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. (See accompanying Notes to Schedules of Investments)
(e)	Investments of cash collateral for securities loaned.
(f)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(g)	The rate shown is the annualized seven-day yield at period end.
(h)	Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

ADR = American Depositary Receipt

ADS = American Depositary Shares

21

SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

GEOGRAPHICAL BREAKDOWN AS OF
DECEMBER 31, 2013*

	PERCENT OF
COUNTRY**	NET ASSETS
China		74.6	%
Hong Kong		25.2
United States Short Term Investments		9.6
Other Assets And Liabilities		(9.4	)
Total		100.0	%

* The Fund’s geographical breakdown is expressed as a percentage of net assets and may change over time.

** Each security is valued based on Level 1 inputs except for Hanergy Solar Group, Ltd., which was Level 2 and part of the Semiconductors & Semiconductor Equipment Industry, representing 0.11% of net assets, China Metal Recycling Holdings, Ltd., which was a Level 3 and part of the Metals & Mining Industry, representing 0.00% of net assets, and China Milk Products Group, Ltd. which was Level 2 and part of the Food Products Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)

22

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 98.7%
BRAZIL — 11.8%
All America Latina Logistica SA		13,661	$	37,985
AMBEV SA ADR		408,745		3,004,276
Anhanguera Educacional Participacoes SA		5,805		36,662
Banco Bradesco SA Preference Shares ADR (a)		167,170		2,094,640
Banco do Brasil SA		48,305		499,583
Banco Santander Brasil SA		24,584		145,675
BM&FBOVESPA SA		104,458		489,692
BR Malls Participacoes SA		38,464		277,974
Bradespar SA Preference Shares		27,189		289,033
Brasil Brokers Participacoes SA		10,551		26,162
Braskem SA Preference Shares ADR (a)(b)		10,525		187,871
BRF — Brasil Foods SA ADR		29,940		624,848
CCR SA		28,119		211,794
Centrais Eletricas Brasileiras SA ADR (a)		33,707		87,301
Cia Hering		2,657		33,674
Cielo SA		9,119		253,751
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR (a)		13,321		595,049
Companhia de Saneamento Basico do Estado de Sao Paulo		42,811		480,144
Companhia Energetica de Minas Gerais ADR (a)		57,507		447,980
Companhia Energetica de Sao Paulo Preference Shares		3,336		31,702
Companhia Siderurgica Nacional SA ADR (a)		86,190		534,378
Cosan SA Industria e Comercio		10,751		180,364
Cyrela Brazil Realty SA		30,292		184,891
Cyrela Commercial Properties SA Empreendimentos e Participacoes		2,799		24,914
Diagnosticos da America SA		12,404		76,551
Duratex SA		20,226		112,736
Empresa Brasileira de Aeronautica SA		46,262		370,410
Estacio Participacoes SA		5,312		45,954
Fibria Celulose SA ADR (a)(b)		16,584		193,701
Gafisa SA		7,339		10,981
Gerdau SA ADR		64,189		503,242
Hypermarcas SA		2,812		21,037
Investimentos Itau SA		62,417		335,995
Investimentos Itau SA Preference Shares		327,483		1,235,392
Itau Unibanco Holding SA Preference Shares ADR		202,377		2,746,256
JBS SA		12,141		45,132
Klabin SA Preference Shares		2,962		15,392
Kroton Educacional SA		10,305		171,484
Lojas Americanas SA Preference Shares		34,690		231,291
Lojas Renner SA		19,593		506,590
Metalurgica Gerdau SA Preference Shares		33,759		334,835
MMX Mineracao e Metalicos SA (b)		18,394		5,458
MRV Engenharia e Participacoes SA		5,871		20,978
Natura Cosmeticos SA		16,552		290,243
Oi SA ADR (c)		6,240		10,234
Oi SA ADR (a)(c)		33,002		52,473
PDG Realty SA Empreendimentos e Participacoes (b)		38,983		29,907
Petroleo Brasileiro SA ADR (a)(c)		128,945		1,894,202
Petroleo Brasileiro SA ADR (c)		84,807		1,168,640
Profarma Distribuidora de Produtos Farmaceuticos SA		1,854		14,648
Prumo Logistica SA (b)		15,885		7,272
Qualicorp SA (b)		2,364		22,545
Souza Cruz SA		54,646		558,447
Telefonica Brasil SA ADR (a)		12,121		232,966
Telefonica Brasil SA Preference Shares		30,572		580,923
Tim Participacoes SA ADR		13,348		350,252
Tractebel Energia SA ADR		15,335		234,626
Ultrapar Participacoes SA		15,344		363,885
Usinas Siderurgicas de Minas Gerais SA ADR (b)		47,688		287,082
Vale SA ADR (a)		89,666		1,367,407
Vale SA Preference Shares ADR		162,404		2,275,280
Weg SA		26,882		355,046
				27,859,836
CHILE — 2.0%
Antarchile SA		19,258		259,485
Compania General de Electricidad SA		46,248		249,965
Empresa Electrica Pilmaiquen		23,470		108,495
Empresa Nacional de Electricidad SA ADR (a)		9,923		442,367
Empresas COPEC SA		44,332		593,962
Empresas Iansa SA		476,015		15,899
Enersis SA ADR		38,098		571,089
Enjoy SA		206,420		30,249
Invexans SA		1,009,646		18,904
Latam Airlines Group SA, ADR (a)		28,712		468,293
Madeco SA (b)		954,395		6,975
Multiexport Foods SA (b)		187,803		33,275
Parque Arauco SA		247,925		457,679
SACI Falabella		134,377		1,207,079
Socovesa SA		80,480		19,758
Vina Concha y Toro SA ADR		6,511		240,907
				4,724,381
CHINA — 17.5%
Agricultural Bank of China, Ltd.		1,002,000		492,358
Air China, Ltd.		222,000		165,775
Aluminum Corp. of China, Ltd. (a)(b)		370,000		128,841
Angang Steel Co., Ltd. (a)(b)		76,640		56,933
Anhui Conch Cement Co., Ltd. (a)		222,000		823,150
Anton Oilfield Services Group (a)		48,000		29,219
Avic International Holdings, Ltd. (b)		72,000		29,250
Baidu, Inc. ADR (b)		20,702		3,682,472
Bank of China, Ltd.		3,131,900		1,441,997
Bank of Communications Co., Ltd. (a)		591,864		417,539
Beijing Jingneng Clean Energy Co., Ltd. (Class H)		54,000		28,345
BOE Technology Group Co., Ltd. (Class B) (b)		43,900		10,814
Brilliance China Automotive Holdings, Ltd.		162,000		264,089
BYD Co., Ltd. (a)(b)		16,000		78,414
China Citic Bank Corp., Ltd.		413,000		224,244

23

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
China Coal Energy Co., Ltd (a)		370,000	$	208,054
China Communications Construction Co., Ltd. (Class H)		338,000		272,449
China Communications Services Corp., Ltd. (Class H)		70,000		43,334
China Construction Bank Corp.		4,322,280		3,261,046
China COSCO Holdings Co., Ltd. (a)(b)		259,425		126,471
China Datang Corp. Renewable Power Co., Ltd.		99,000		20,940
China Fangda Group Co., Ltd.		110,100		42,883
China Life Insurance Co., Ltd.		633,000		1,979,719
China Longyuan Power Group Corp. (Class H)		118,000		152,032
China Merchants Bank Co., Ltd. (a)		368,195		784,470
China Minsheng Banking Corp., Ltd. (Class H) (a)		239,000		265,393
China National Accord Medicines Corp., Ltd.		2,600		12,065
China National Building Material Co., Ltd. (a)		74,000		79,595
China Oilfield Services, Ltd.		296,000		918,111
China Pacific Insurance Group Co., Ltd. (Class H)		61,400		240,730
China Petroleum & Chemical Corp.		1,850,200		1,510,465
China Railway Construction Corp. (Class H) (a)		185,000		184,195
China Railway Group, Ltd.		333,000		171,788
China Shenhua Energy Co., Ltd.		296,000		933,381
China Shipping Container Lines Co., Ltd. (a)(b)		596,350		155,361
China Shipping Development Co., Ltd. (a)(b)		148,000		114,907
China Telecom Corp., Ltd.		1,334,000		674,419
China Vanke Co., Ltd. (Class B)		56,000		87,390
China Wireless Technologies, Ltd.		100,000		32,758
Chongqing Changan Automobile Co., Ltd. (Class B)		50,800		100,241
Chongqing Machinery & Electric Co., Ltd.		56,000		7,150
Coland Holdings, Ltd.		11,938		33,206
Country Garden Holdings Co., Ltd.		263,000		158,741
Ctrip.com International, Ltd. ADR (b)		14,971		742,861
Datang International Power Generation Co., Ltd. (a)		444,000		205,000
Dongfang Electric Corp., Ltd.		14,800		25,959
Dongfeng Motor Group Co., Ltd.		370,000		579,307
Great Wall Motor Co., Ltd. (Class H) (a)		58,750		324,295
Guangdong Electric Power Development Co. Ltd.		86,900		51,779
Guangshen Railway Co., Ltd.		296,000		137,048
Guangzhou Automobile Group Co., Ltd. (a)		168,636		184,431
Guangzhou Baiyunshan Pharmaceu (b)		6,000		21,009
Guangzhou R&F Properties Co., Ltd. (Class H) (a)		133,200		194,807
Guodian Technology & Environment Group Co., Ltd. (Class H)		32,000		8,172
Hainan Meilan International Airport Co., Ltd. (Class H)		24,000		23,772
Hangzhou Steam Turbine Co.		18,900		26,910
Harbin Electric Co., Ltd.		74,000		47,910
Hengan International Group Co., Ltd.		28,500		336,689
Huadian Power International Co.		444,000		173,506
Huaneng Power International, Inc.		370,000		334,509
Huaneng Renewables Corp., Ltd. (Class H)		144,000		69,087
Huangshan Tourism Development Co., Ltd.		34,100		41,977
Industrial & Commercial Bank of China		4,216,590		2,849,580
Inner Mongolia Yitai Coal Co., Ltd. (Class B)		11,100		19,636
Jiangsu Expressway Co., Ltd. (a)		224,000		275,315
Jiangsu Future Land Co., Ltd.		88,300		53,686
Jiangxi Copper Co., Ltd. (Class H) (a)		76,000		137,224
Kingsoft Corp., Ltd. (a)		34,000		98,004
Konka Group Co., Ltd.		341,700		121,630
Lao Feng Xiang Co., Ltd. (Class B)		9,800		23,981
Livzon Pharmaceutical, Inc. (Class B) (d)		3,600		17,606
Maanshan Iron & Steel (a)(b)		222,000		60,126
Mindray Medical International, Ltd. ADR (a)		3,057		111,152
NetEase, Inc. ADR		8,837		694,588
New Oriental Education & Technology Group, Inc. ADR (a)		6,044		190,386
Nine Dragons Paper Holdings, Ltd. (a)		111,000		96,631
Parkson Retail Group, Ltd. (a)		92,134		28,399
People’s Insurance Co. Group of China, Ltd. (Class H)		182,000		88,022
PetroChina Co., Ltd.		1,628,000		1,784,685
PICC Property & Casualty Co., Ltd.		343,712		509,778
Ping An Insurance Group Co. of China, Ltd.		105,000		940,480
Renhe Commercial Holdings Co., Ltd. (a)(b)		350,000		22,344
Semiconductor Manufacturing International Corp. (a)(b)		1,254,000		98,654
Shandong Chenming Paper Holdings Ltd. (Class B)		15,600		7,726
Shandong Luoxin Pharmacy Stock Co., Ltd. (Class H)		8,000		6,810
Shandong Weigao Group Medical Polymer Co., Ltd. (a)		108,000		145,695
Shanghai Dajiang Group, Class B (b)		294,401		112,756
Shanghai Electric Group Co., Ltd. (a)		424,000		154,207
Shanghai Jinjiang International Industrial Investment Co. Ltd.		40,700		36,874
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. (d)		81,934		87,260
Shenzhen Expressway Co., Ltd.		296,000		133,231
Shenzhou International Group Holdings, Ltd.		6,000		22,518
Sihuan Pharmaceutical Holdings Group, Ltd.		22,000		20,088
Sina Corp. (b)		4,246		357,725
Sinopec Shanghai Petrochemical Co., Ltd.		444,000		127,696
Sinopharm Group Co., Ltd. (Class H) (a)		23,600		67,722

24

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Soho China, Ltd.		24,500	$	21,107
SPT Energy Group, Inc.		20,000		11,891
Suntech Power Holdings Co., Ltd. ADR (b)		8,143		4,234
Tencent Holdings, Ltd.		80,000		5,103,079
Tingyi Cayman Islands Holding Corp. (a)		222,000		641,341
Tong Ren Tang Technologies Co., Ltd.		5,000		15,960
Travelsky Technology, Ltd.		268,000		264,414
Want Want China Holdings, Ltd.		409,000		590,785
Weiqiao Textile Co. (a)		93,000		57,092
WuXi PharmaTech Cayman, Inc. ADR (b)		740		28,401
Yanzhou Coal Mining Co., Ltd. (a)		222,000		202,710
Youku Tudou, Inc. ADR (a)(b)		5,558		168,407
Zhejiang Expressway Co., Ltd. (Class H)		296,000		279,823
Zhuzhou CSR Times Electric Co., Ltd.		27,000		97,153
Zijin Mining Group Co., Ltd. (Class H) (a)		447,000		95,698
ZTE Corp. (a)(b)		97,073		192,800
				41,250,872
COLOMBIA — 0.8%
Almacenes Exito SA		7,526		116,863
Banco Davivienda SA Preference Shares		12,652		154,941
Banco de Bogota SA		3,654		135,228
Bancolombia SA		11,752		144,893
BanColombia SA ADR		4,235		207,600
Bolsa de Valores de Colombia		7,671,265		88,942
Cementos Argos SA		8,359		42,401
Corp Financiera Colombiana SA (c)		3,479		71,309
Corp Financiera Colombiana SA (b)(c)		97		1,939
Ecopetrol SA		102,804		196,882
Empresa de Telecomunicaciones de Bogota		222,805		50,396
Fabricato SA (b)		1,475,211		9,239
Grupo Argos SA		3,378		33,990
Grupo Aval Acciones y Valores		336,358		225,457
Grupo de Inversiones Suramericana SA		4,943		86,221
Grupo Nutresa SA		4,246		58,108
Grupo Odinsa SA		19,484		82,494
Interbolsa SA/Colombia (b)(d)		52,588		0
Interconexion Electrica SA ESP		17,142		80,741
Isagen SA ESP		75,562		127,110
Tableros y Maderas de Caldas SA		26,003,993		107,677
				2,022,431
CZECH REPUBLIC — 0.4%
CEZ AS		15,441		401,870
Komercni Banka AS		1,624		361,431
Telefonica O2 Czech Republic AS		10,859		161,262
Unipetrol (b)		11,002		93,046
				1,017,609
EGYPT — 0.4%
Commercial International Bank Egypt SAE		155,547		729,321
Egyptian Financial Group-Hermes Holding (b)		54,250		68,003
Egyptian Kuwait Holding Co.		44,721		40,696
Global Telecom Holding (b)		58,346		39,549
Global Telecom Holding GDR (b)		37,757		126,486
Global Telecom Holding GDR (f)		109		365
Orascom Telecom Media & Technology Holding SAE		48,947		5,424
				1,009,844
HONG KONG — 6.8%
AAC Technologies Holdings, Inc. (a)		94,000		456,437
Agile Property Holdings, Ltd.		222,000		237,926
AMVIG Holdings, Ltd.		50,000		23,795
AviChina Industry & Technology Co.		112,000		65,145
Beijing Capital International Airport Co., Ltd.		222,000		173,792
Beijing Capital Land, Ltd.		24,000		8,172
Beijing Enterprises Holdings, Ltd.		15,000		148,767
Beijing Enterprises Water Group, Ltd. (a)		60,000		37,685
Belle International Holdings, Ltd. (a)		191,000		220,960
Biostime International Holdings, Ltd.		5,000		44,591
C.banner International Holdings, Ltd.		12,000		4,117
Chailease Holding Co., Ltd.		35,000		92,070
Chaoda Modern Agriculture Holdings, Ltd. (a)(b)(e)		136,550		0
China All Access Holdings, Ltd. (a)		28,000		11,953
China Everbright International, Ltd. (a)		81,000		108,435
China Gas Holdings, Ltd.		124,000		182,312
China High Speed Transmission Equipment Group Co., Ltd. (a)(b)		42,000		22,804
China Medical System Holdings, Ltd. (a)		81,000		86,602
China Mengniu Dairy Co., Ltd.		111,000		526,816
China Merchants Holdings International Co., Ltd.		83,099		303,299
China Mobile Games & Entertainment Group, Ltd. ADR (b)		82		2,069
China Mobile, Ltd.		402,500		4,173,593
China Modern Dairy Holdings, Ltd. (a)(b)		113,000		61,209
China Oil and Gas Group, Ltd.		120,000		22,131
China Overseas Grand Oceans Group, Ltd. (a)		32,000		30,499
China Overseas Land & Investment, Ltd. (a)		299,200		841,214
China Power International Development, Ltd. (a)		370,000		131,704
China Resources Enterprise, Ltd. (a)		74,000		245,752
China Resources Gas Group, Ltd.		8,000		27,857
China Resources Land, Ltd. (a)		148,000		366,862
China Resources Power Holdings Co., Ltd.		153,600		364,104
China Singyes Solar Technologies Holdings, Ltd.		8,000		8,048
China State Construction International Holdings, Ltd. (a)		14,000		25,098
China Taiping Insurance Holdings Co., Ltd. (b)		10,200		20,837
China Travel International Investment Hong Kong, Ltd.		370,000		77,782
China Unicom (Hong Kong), Ltd.		301,668		451,310

25

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
China Yurun Food Group, Ltd. (a)(b)		12,000	$	7,707
Citic Pacific, Ltd. (a)		74,000		113,189
CITIC Telecom International Holdings, Ltd.		39,000		12,524
CNOOC, Ltd.		1,216,000		2,261,450
Comba Telecom Systems Holdings, Ltd. (a)(b)		39,780		13,750
COSCO Pacific, Ltd. (a)		160,459		220,188
Digital China Holdings, Ltd.		39,000		45,973
GCL Poly Energy Holdings, Ltd. (a)(b)		191,000		59,120
Geely Automobile Holdings, Ltd. (a)		145,000		70,127
Greatview Aseptic Packaging Co., Ltd.		10,000		5,907
Greentown China Holdings, Ltd.		31,500		48,101
Guangdong Investment, Ltd.		298,000		291,322
Haier Electronics Group Co., Ltd.		7,000		20,313
Hanergy Solar Group, Ltd. (a)(b)(d)		434,000		44,219
Hengdeli Holdings, Ltd.		981,600		231,672
Honghua Group, Ltd. (a)		14,000		4,713
Hopson Development Holdings, Ltd. (a)(b)		26,000		31,319
Hua Han Bio-Pharmaceutical Holdings, Ltd.		144,000		28,043
Huabao International Holdings, Ltd. (a)		42,000		23,238
Ju Teng International Holdings, Ltd.		48,000		31,758
Kaisa Group Holdings, Ltd. (a)(b)		38,000		12,252
Kingboard Chemical Holdings, Ltd.		71,340		186,314
Kingboard Laminates Holdings, Ltd.		40,500		17,185
Kunlun Energy Co., Ltd.		370,000		651,839
KWG Property Holding, Ltd.		68,000		37,711
Lee & Man Paper Manufacturing, Ltd.		35,000		23,066
Lenovo Group, Ltd. (a)		518,000		629,984
Li Ning Co., Ltd. (a)(b)		74,000		58,408
Minth Group, Ltd.		18,000		37,375
NetDragon Websoft, Inc. (a)		4,500		8,241
Newocean Energy Holdings, Ltd.		22,000		17,960
Poly Hong Kong Investments, Ltd. (a)		11,000		5,873
Real Nutriceutical Group, Ltd. (a)		27,000		6,964
Shenzhen International Holdings, Ltd.		337,500		42,222
Shenzhen Investment, Ltd.		92,789		34,944
Shimao Property Holdings, Ltd.		111,000		255,105
Sino Biopharmaceutical		144,000		114,216
Sino-Ocean Land Holdings, Ltd. (a)		278,563		182,864
Sinotrans, Ltd.		370,000		139,816
Skyworth Digital Holdings, Ltd.		67,642		37,251
Sun Art Retail Group Ltd. (a)		16,000		22,575
Sunac China Holdings, Ltd. (a)		76,000		45,578
Sunny Optical Technology Group Co., Ltd. (a)		33,000		32,090
Tianneng Power International, Ltd.		14,000		5,146
Tibet 5100 Water Resources Holdings, Ltd. (a)		26,000		10,261
VODone, Ltd. (a)(b)		132,200		17,902
Wasion Group Holdings, Ltd.		18,000		11,004
Yingde Gases		24,000		25,134
Yip’s Chemical Holdings, Ltd.		10,000		8,628
Yuexiu Property Co., Ltd.		518,000		127,600
Yuexiu Transport Infrastructure, Ltd.		1,258		659
				15,976,547
HUNGARY — 0.5%
MOL Hungarian Oil and Gas NyRt		5,162		346,580
OTP Bank NyRt		20,874		396,969
Richter Gedeon NyRt		17,870		364,625
				1,108,174
INDIA — 8.0%
Adani Enterprises, Ltd.		1,069		4,537
Alok Industries Ltd.		264,666		36,156
Ambuja Cements, Ltd. (b)		31,174		92,054
Amtek Auto, Ltd. (b)		8,689		10,500
Anant Raj, Ltd. (b)		59,706		60,425
Apollo Hospitals Enterprise, Ltd.		5,330		81,551
Ashok Leyland, Ltd.		32,052		8,939
Aurobindo Pharma, Ltd.		8,690		55,184
Axis Bank, Ltd.		3,581		75,235
Bajaj Hindusthan, Ltd.		91,153		20,779
Bajaj Holdings and Investment, Ltd.		2,348		33,712
Balrampur Chini Mills, Ltd.		45,402		33,764
BF Investment, Ltd. (b)		10,699		7,922
Bharat Heavy Electricals, Ltd.		69,298		198,186
Bharti Airtel, Ltd.		135,553		723,731
Biocon, Ltd.		2,407		18,007
Britannia Industries, Ltd.		4,553		67,763
Cipla, Ltd.		47,306		306,527
Core Education & Technologies, Ltd. (b)		9,585		3,107
Development Credit Bank Ltd. (b)		125,572		110,438
Dewan Housing Finance Corp., Ltd.		15,614		53,755
Dr. Reddy’s Laboratories, Ltd. ADR		13,751		564,204
Educomp Solutions, Ltd. (b)		18,815		8,593
Era Infra Engineering, Ltd. (b)		3,406		842
Fortis Healthcare, Ltd. (b)		24,720		40,984
GAIL India, Ltd.		52,045		288,012
Gammon India, Ltd. (b)		3,032		686
Gateway Distriparks, Ltd.		14,789		33,509
Gitanjali Gems Ltd. (b)		1,956		2,278
Glenmark Pharmaceuticals, Ltd.		844		7,284
Godrej Consumer Products Ltd.		2,886		40,023
Godrej Industries, Ltd.		25,426		113,966
Grasim Industries, Ltd. GDR (c)		722		31,681
Grasim Industries, Ltd. GDR (c)		180		7,900
Gruh Finance Ltd.		20,797		85,888
GTL Infrastructure Ltd. (b)		330,736		10,427
GTL, Ltd. (b)		2,263		721
Gujarat NRE Coke, Ltd. (b)		14,823		2,528
GVK Power & Infrastructure, Ltd. (b)		131,011		20,015
HCL Technologies, Ltd.		13,313		271,738
HDFC Bank, Ltd.		99,428		1,070,312
Hero Motocorp, Ltd.		15,147		508,198
Hindalco Industries, Ltd.		48,215		95,565
Hindustan Construction Co. (b)		16,291		3,951
Hindustan Unilever, Ltd.		71,099		655,932
Housing Development & Infrastructure, Ltd. (b)		13,764		11,905
Housing Development Finance Corp., Ltd.		102,838		1,321,158
ICICI Bank, Ltd. ADR (a)		21,331		792,873
Idea Cellular, Ltd.		5,605		15,124
IDFC, Ltd.		7,856		13,920
India Infoline, Ltd.		186,241		187,581

26

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Indiabulls Infrastructure & Power, Ltd. (b)		53,981	$	3,054
Indiabulls Real Estate, Ltd.		19,774		22,058
Indian Hotels Co., Ltd.		65,058		64,948
Infosys Technologies, Ltd. ADR		35,379		2,002,451
IRB Infrastructure Developers, Ltd.		4,283		6,415
ITC, Ltd. GDR (c)		3,032		15,772
ITC, Ltd. GDR (c)(f)		39,768		206,925
IVRCL Infrastructures & Projects, Ltd. (b)		16,700		4,414
Jain Irrigation Systems, Ltd. (c)		11,348		13,319
Jain Irrigation Systems, Ltd. (c)		479		254
Jaiprakash Associates, Ltd.		61,028		53,722
Jet Airways India, Ltd. (b)		13,462		63,529
Jindal Steel & Power, Ltd.		5,605		23,651
Lanco Infratech, Ltd. (b)		34,047		4,211
Larsen & Toubro, Ltd. GDR (a)		22,817		409,565
LIC Housing Finance, Ltd.		14,965		53,045
Mahanagar Telephone Nigam (b)		50,516		11,924
Mahindra & Mahindra Financial Services, Ltd.		13,495		69,957
Mahindra & Mahindra, Ltd. GDR		26,054		364,756
Maruti Suzuki India, Ltd.		11,421		325,689
Monnet Ispat, Ltd.		5,995		14,543
MRF, Ltd.		136		42,576
Nagarjuna Construction Co., Ltd.		11,227		6,035
Oil & Natural Gas Corp., Ltd.		135,427		632,525
OnMobile Global, Ltd.		3,475		1,854
Opto Circuits India, Ltd. (b)		5,366		2,442
OVANITC, Ltd.		7,404		38,525
PTC India, Ltd.		43,536		46,629
Punj Lloyd, Ltd. (b)		12,144		5,645
REI Agro, Ltd.		41,260		4,403
Reliance Capital, Ltd.		5,990		35,003
Reliance Communications, Ltd.		73,679		154,850
Reliance Industries, Ltd. GDR (f)		58,882		1,709,933
Reliance Infrastructure, Ltd.		17,608		121,196
Rolta India, Ltd.		5,605		6,089
Ruchi Soya Industries Ltd.		32,005		19,765
SE Investments Ltd.		27,081		171,404
Sesa Sterlite, Ltd.		24,699		80,640
Shree Renuka Sugars, Ltd.		72,405		23,411
Shriram Transport Finance Co., Ltd.		3,909		42,506
Siemens India, Ltd.		16,053		172,105
Sintex Industries, Ltd.		40,445		22,264
State Bank of India GDR		3,450		197,168
Strides Arcolab, Ltd.		1,985		11,559
Sun Pharmaceutical Industries, Ltd.		31,747		291,243
Sun TV Network, Ltd.		5,330		32,770
Suzlon Energy, Ltd. (b)		327,733		54,574
Tata Communications Ltd.		11,975		59,841
Tata Consultancy Services, Ltd.		32,637		1,146,054
Tata Motors, Ltd. ADR		17,801		548,271
Tata Power Co., Ltd.		150,903		222,860
Tata Steel, Ltd.		25,516		174,988
Ultratech Cement, Ltd. GDR		297		8,470
Unitech, Ltd. (b)		111,679		27,624
United Breweries, Ltd.		3,744		46,828
United Spirits, Ltd.		3,897		164,344
Videocon Industries, Ltd.		19,294		53,760
VST Industries Ltd.		1,398		39,283
Wipro, Ltd. ADR (a)		41,218		518,935
Wockhardt Ltd.		1,637		11,979
Zee Entertainment Enterprises, Ltd.		29,388		131,416
				19,026,039
INDONESIA — 2.8%
Agis Tbk PT (b)		815,500		36,855
Alam Sutera Realty Tbk PT		473,500		16,730
Astra International Tbk PT		2,144,000		1,197,962
Bank Central Asia Tbk PT		1,319,500		1,040,855
Bank Danamon Indonesia Tbk PT		316,718		98,242
Bank Mandiri Tbk PT		785,449		506,637
Bank Negara Indonesia Persero Tbk PT		128,000		41,545
Bank Rakyat Indonesia Persero Tbk PT		1,204,000		717,256
Barito Pacific Tbk PT (b)		627,000		21,123
Bekasi Fajar Industrial Estate Tbk PT		295,000		10,787
Bumi Resources Tbk PT (b)		1,104,000		27,214
Bumi Serpong Damai PT		251,500		26,659
BW Plantation Tbk PT		256,000		27,977
Charoen Pokphand Indonesia Tbk PT		275,000		76,263
Ciputra Development Tbk PT		386,500		23,819
Citra Marga Nusaphala Persada Tbk PT (b)		74,000		20,370
Garuda Indonesia Tbk PT (b)		840,500		34,532
Global Mediacom Tbk PT		41,500		6,479
Indocement Tunggal Prakarsa Tbk PT		33,500		55,053
Indofood Sukses Makmur Tbk PT		826,500		448,225
Indosat Tbk PT		166,500		56,777
Japfa Comfeed Indonesia Tbk PT		72,500		7,268
Kalbe Farma Tbk PT		4,567,500		469,135
Kawasan Industri Jababeka Tbk PT		314,095		4,981
Lippo Cikarang Tbk PT (b)		12,000		4,807
Lippo Karawaci Tbk PT		813,000		60,791
Matahari Putra Prima Tbk PT		41,000		6,536
Mayora Indah Tbk PT		23,167		49,494
Medco Energi Internasional Tbk PT		434,000		74,889
Media Nusantara Citra Tbk PT		53,000		11,432
Modernland Realty Tbk PT (b)		507,000		16,247
Pakuwon Jati Tbk PT		357,500		7,931
Perusahaan Gas Negara Persero Tbk PT		951,500		349,874
Semen Gresik Persero Tbk PT		54,000		62,785
Summarecon Agung Tbk PT		277,500		17,786
Telekomunikasi Indonesia Persero Tbk PT		2,409,500		425,672
Tiga Pilar Sejahtera Food Tbk		391,500		46,002
Unilever Indonesia Tbk PT		40,000		85,456
United Tractors Tbk PT		275,818		430,611
XL Axiata Tbk PT		42,000		17,946
				6,641,003
MALAYSIA — 3.6%
Aeon Co. M Bhd		135,500		579,148
Aeon Credit Service M Bhd		7,100		31,907
AirAsia Bhd		80,000		53,732
Alliance Financial Group Bhd		305,300		443,666
Axiata Group Bhd		82,000		172,737
Berjaya Sports Toto Bhd		143,006		176,820
Bintulu Port Holdings Bhd		94		215
British American Tobacco Malaysia Bhd		3,100		60,685
Bursa Malaysia Bhd		62,793		157,773

27

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
CapitaMalls Malaysia Trust		99,900	$	42,699
Carlsberg Brewery Malay Bhd		186,297		692,749
CIMB Group Holdings Bhd		52,392		121,883
Dialog Group Bhd		814,959		890,720
Digi.Com Bhd		393,400		595,715
Faber Group BHD		52,100		40,560
Felda Global Ventures Holdings Bhd		30,100		41,261
Genting Bhd		238,400		746,751
Genting Malaysia Bhd		37,500		50,145
Guan Chong Bhd		68,900		28,818
Hap Seng Plantations Holdings Bhd		9,800		8,018
IGB Corp. Bhd		324,653		269,594
IHH Healthcare Bhd (b)		54,100		63,754
IOI Corp. Bhd		376,460		541,330
IOI Properties Group Sdn Bhd (b)(d)		188,229		189,637
JT International Bhd		3,100		6,133
KLCC Property Holdings Bhd		39,800		71,082
KNM Group Bhd (b)		268,718		36,918
KPJ Healthcare Bhd		23,400		27,719
Lingkaran Trans Kota Holdings Bhd		25,700		34,288
Magnum Bhd		226,760		218,764
Malaysian Airline System Bhd (b)		1,774,900		167,980
Malaysian Resources Corp. Bhd		448,200		176,516
MPHB Capital Bhd (b)		91,730		47,048
Naim Holdings Bhd		87		97
OSK Holdings Bhd		355,506		179,083
OSK Ventures International Bhd (b)		43,100		7,566
Padiberas Nasional Bhd		36,600		39,220
Pavilion Real Estate Investment Trust		95,200		37,202
POS Malaysia Bhd		74,200		124,139
Sapurakencana Petroleum Bhd (b)		39,700		59,389
Sime Darby Bhd		58,400		169,735
SP Setia Bhd		22,600		20,768
Sunway Real Estate Investment Trust		98,900		37,440
TA Enterprise Bhd		387,800		92,348
TA Global Bhd (d)		278,766		25,106
TA Global Bhd Preference Shares (d)		28,200		2,497
Tebrau Teguh Bhd (b)		27,900		10,988
Telekom Malaysia Bhd		46,400		78,620
Tenaga Nasional Bhd		48,400		168,155
UEM Sunrise Bhd		313,388		225,796
UMW Holdings Bhd		22,300		82,106
Unisem M Bhd		24,500		7,480
United Plantations Bhd		4,800		38,101
WCT Holdings Bhd		491,570		307,653
				8,500,254
MEXICO — 6.0%
Alfa SAB de CV (Class A)		318,621		890,873
America Movil SAB de CV (a)		3,065,373		3,562,224
Axtel SAB de CV (a)(b)		120,581		43,087
Cemex SAB de CV (a)(b)		749,699		878,083
Coca-Cola Femsa SAB de CV		46,035		555,071
Consorcio ARA SAB de CV (b)		119,808		46,744
Corporacion GEO SAB de CV (a)(b)(e)		42,565		0
Desarrolladora Homex SAB de CV (b)		21,150		3,876
Empresas ICA SAB de CV (b)		49,120		101,074
Fomento Economico Mexicano SAB de CV (a)		156,752		1,512,806
Grupo Aeroportuario del Sureste SAB de CV (a)		47,470		591,656
Grupo Bimbo SAB de CV (a)		235,343		722,355
Grupo Elektra SA de CV		3,724		126,379
Grupo Financiero Banorte SAB de CV		115,360		804,701
Grupo Financiero Inbursa SA		92,469		260,735
Grupo Mexico SAB de CV		228,242		753,362
Grupo Televisa SA de CV (Series CPO) (a)		139,960		841,011
Impulsora Del Desarrollo Y El Empleo en America Latina SA de CV (b)		124,721		285,492
Industrias CH SAB, Series B (b)		32,047		215,496
Industrias Penoles SA de CV		11,114		275,093
Kimberly-Clark de Mexico SAB de CV		193,773		548,600
Sare Holding SAB de CV (Class B) (b)		142,463		3,829
TV Azteca SAB de CV		275,623		147,312
Urbi Desarrollos Urbanos SA de CV (a)(b)(e)		44,913		0
Wal-Mart de Mexico SAB de CV (a)		405,901		1,061,771
				14,231,630
MOROCCO — 0.4%
Banque Marocaine du Commerce Exterieur		20,813		521,466
Banque Marocaine pour le Commerce et l’Industrie SA		1,735		167,929
Douja Promotion Groupe Addoha SA		13,054		89,403
Holcim Maroc SA		986		176,371
				955,169
NETHERLANDS — 0.3%
VimpelCom, Ltd. ADR		37,214		481,549
Yandex NV (Class A) (b)		7,153		308,652
				790,201
PANAMA — 0.1%
Avianca Taca Holding SA Preference Shares		112,487		215,425
PERU — 0.8%
Compania de Minas Buenaventura SA ADR		23,865		267,765
Credicorp, Ltd.		7,181		953,134
Southern Copper Corp.		18,859		541,442
Volcan Compania Minera SAA (Class B)		322,938		131,637
				1,893,978
PHILIPPINES — 1.2%
Alliance Global Group, Inc.		149,700		87,022
Ayala Land, Inc.		959,280		534,945
Bank of the Philippine Islands		306,488		586,976
BDO Unibank, Inc.		244,994		378,676
Cebu Air, Inc.		103,930		109,708
Cebu Holdings, Inc.		528,200		68,193
East West Banking Corp. (b)		58,300		31,920
Filinvest Land, Inc.		4,412,000		140,166
First Philippine Holdings Corp.		29,230		35,367
GMA Holdings, Inc.		256,300		46,487
GT Capital Holdings, Inc.		690		12,002
Megawide Construction Corp. (b)		228,440		72,059
Megaworld Corp.		482,000		35,187
Philippine Long Distance Telephone Co.		7,365		442,406

28

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Puregold Price Club, Inc.		24,100	$	20,580
San Miguel Corp.		10,270		14,462
SM Development Corp.		5,600		874
SM Investments Corp.		7,840		125,596
SM Prime Holdings, Inc.		218,690		72,334
Top Frontier Investment Holding Ltd. (b)(d)		971		842
Universal Robina Corp.		16,680		42,506
Vista Land & Lifescapes, Inc.		76,700		8,987
				2,867,295
POLAND — 1.3%
Asseco Poland SA		6,191		94,318
Bank Pekao SA		11,301		672,266
Bioton SA (b)(d)		259,729		1,721
Eurocash SA		584		9,230
Getin Holding SA		22,726		28,394
Getin Noble Bank SA (b)		61,740		54,631
Globe Trade Centre SA (b)		13,866		34,235
Grupa Lotos SA (b)		8,441		99,168
KGHM Polska Miedz SA		12,106		473,416
LPP SA		32		95,445
Mbank		1,834		303,899
Orbis SA		5,791		77,131
Polimex- Mostostal SA (b)		57,090		2,460
Polski Koncern Naftowy Orlen SA		3,018		41,007
Powszechna Kasa Oszczednosci Bank Polski SA		36,118		471,846
Powszechny Zaklad Ubezpieczen SA		2,088		310,662
Rovese SA (b)		69,383		47,827
Telekomunikacja Polska SA		74,111		240,696
				3,058,352
RUSSIA — 6.9%
Evraz PLC (b)		15,069		27,928
Gazprom OAO ADR		407,882		3,487,391
Integra Group Holdings, GDR (b)		206		3,471
LSR Group OJSC GDR		8,429		35,284
Lukoil OAO ADR		48,968		3,058,052
Mechel OAO, ADR (a)(b)		19,742		50,540
MMC Norilsk Nickel OJSC ADR		67,925		1,128,914
Mobile Telesystems OJSC		14,646		146,322
Mobile Telesystems OJSC ADR		60,646		1,311,773
NovaTek OAO GDR		8,709		1,192,262
Novolipetsk Steel OJSC GDR (a)		2,125		35,891
Novorossiysk Commercial Sea Trade Port PJSC GDR		3,914		24,463
Pharmstandard GDR (b)		4,385		43,477
Polymetal International PLC		7,696		73,292
Rosneft Oil Co. GDR		146,941		1,118,956
Rostelecom ADR		7,770		157,886
Sberbank of Russia ADR (c)		91,379		1,148,634
Sberbank of Russia ADR (c)		16,309		205,167
Severstal GDR		35,223		348,003
Sistema JSFC GDR (a)		9,359		300,611
Surgutneftegas OJSC ADR		132,431		1,144,204
Tatneft OAO ADR		21,460		820,201
TMK OAO GDR		3,199		37,716
Uralkali OJSC GDR		5,464		145,342
VTB Bank OJSC GDR		41,047		122,936
X5 Retail Group NV GDR (b)		2,603		43,652
				16,212,368
SOUTH AFRICA — 8.8%
Adcock Ingram Holdings, Ltd.		7,838		53,058
Adcorp Holdings, Ltd.		35,346		109,679
Afgri, Ltd.		186,174		116,428
African Bank Investments, Ltd. (a)		165,224		190,089
African Rainbow Minerals, Ltd.		7,736		139,597
Allied Electronics Corp., Ltd. Preference Shares		43,120		98,848
Anglo Platinum, Ltd. (a)(b)		2,113		79,468
AngloGold Ashanti, Ltd.		18,628		218,618
Aquarius Platinum, Ltd. (b)		30,933		20,237
ArcelorMittal South Africa, Ltd. (b)		14,457		51,486
Aspen Pharmacare Holdings, Ltd.		34,936		896,336
Aveng, Ltd. (b)		41,739		105,366
Barclays Africa Group, Ltd. (a)		25,089		316,794
Barloworld, Ltd.		17,858		170,520
Bidvest Group, Ltd.		26,180		670,763
Business Connexion Group, Ltd.		153,661		80,544
Coronation Fund Managers, Ltd.		72,698		555,000
Discovery Holdings, Ltd.		23,520		189,754
FirstRand, Ltd.		197,978		678,404
Gold Fields, Ltd.		41,528		130,408
Grindrod, Ltd.		70,251		188,007
Group Five, Ltd.		19,958		77,250
Harmony Gold Mining Co., Ltd.		16,805		41,556
Impala Platinum Holdings, Ltd.		29,854		350,595
Imperial Holdings, Ltd.		13,788		266,723
Investec, Ltd.		15,218		108,246
Invicta Holdings, Ltd. (a)		34,255		405,124
JD Group, Ltd. (a)		15,007		41,566
Kumba Iron Ore, Ltd. (a)		2,970		125,747
Lewis Group, Ltd. (a)		18,044		122,145
Massmart Holdings, Ltd. (a)		11,749		145,828
MMI Holdings, Ltd.		66,784		161,321
MTN Group, Ltd.		104,630		2,167,973
Murray & Roberts Holdings, Ltd. (b)		50,003		127,994
Naspers, Ltd.		26,718		2,795,865
Nedbank Group, Ltd. (a)		27,033		542,015
Netcare, Ltd.		157,102		390,289
Northam Platinum, Ltd. (b)		20,819		83,485
PPC, Ltd. (a)		15,297		45,860
PSG Group, Ltd.		31,129		254,709
Remgro, Ltd.		32,233		639,567
RMB Holdings, Ltd.		67,540		311,785
RMI Holdings		82,861		217,165
Sanlam, Ltd.		152,376		774,555
Sappi, Ltd. (b)		21,212		66,327
Sasol, Ltd.		28,895		1,419,404
Shoprite Holdings, Ltd.		38,176		597,767
Sibanye Gold, Ltd.		47,084		55,294
Standard Bank Group, Ltd. (a)		68,425		845,501
Steinhoff International Holdings, Ltd. (a)		134,984		581,628
Sun International, Ltd.		12,418		112,991
Telkom SA, Ltd. (b)		20,099		53,732
The Foschini Group, Ltd. (a)		23,532		215,127
Tiger Brands, Ltd. (a)		14,674		373,976
Times Media Group, Ltd. (b)		491		984
Trans Hex Group, Ltd. (b)		1,967		808

29

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Truworths International, Ltd. (a)		46,611	$	341,603
Wilson Bayly Holmes-Ovcon, Ltd.		17,283		240,918
Woolworths Holdings, Ltd.		76,566		545,712
				20,708,539
TAIWAN — 13.9%
Acer, Inc. (b)		188,758		115,902
Adlink Technology, Inc.		33,000		56,470
Advanced Semiconductor Engineering, Inc.		517,007		480,517
Advancetek Enterprise Co. Ltd.		182,000		223,809
AGV Products Corp. (b)		371,000		114,523
APCB, Inc.		72,000		43,243
Asustek Computer, Inc.		40,340		362,747
AU Optronics Corp. ADR (a)(b)		82,678		257,955
Audix Corp.		77,000		80,608
Bank of Kaohsiung		106,782		34,181
Basso Industry Corp.		217,000		229,352
Biostar Microtech International Corp.		145,000		62,031
C Sun Manufacturing Ltd.		70,000		48,266
Carnival Industrial Corp.		147,000		42,763
Catcher Technology Co., Ltd.		42,000		272,686
Cathay Financial Holding Co., Ltd.		351,135		568,466
Cathay No. 1 REIT		100,000		67,442
Center Laboratories, Inc. (b)		36,352		75,623
Champion Building Materials Co. Ltd. (b)		103,000		45,273
Chang Hwa Commercial Bank		512,452		315,516
Chang Wah Electromaterials, Inc.		8,257		23,798
Charoen Pokphand Enterprise		296,000		156,921
Cheng Loong Corp.		42,000		20,222
Cheng Shin Rubber Industry Co. Ltd.		27,850		72,887
China Airlines Ltd. (b)		142,000		52,172
China Chemical & Pharmaceutical Co., Ltd.		112,000		88,124
China Development Financial Holding  Corp.		890,945		269,046
China Steel Chemical Corp.		289,345		1,592,181
China Steel Corp.		563,090		510,122
Chinatrust Financial Holding Co., Ltd.		841,091		574,302
Chipbond Technology Corp.		25,000		39,299
Chong Hong Construction Co., Ltd.		7,000		21,491
Chung Hwa Pulp Corp. (b)		159,000		50,148
Chunghwa Chemical Synthesis & Biotech Co. Ltd.		43,000		74,015
Chunghwa Telecom Co., Ltd.		184,457		576,206
CMC Magnetics Corp. (b)		225,000		36,992
Compal Electronics, Inc.		371,774		285,035
Coxon Precise Industrial Co. Ltd.		10,000		15,770
Da-Li Construction Co. Ltd. (b)		77,257		92,283
Delta Electronics, Inc.		147,340		840,432
Dimerco Express Taiwan Corp.		196,000		133,501
Eclat Textile Co., Ltd.		8,160		91,995
Elan Microelectronics Corp.		2,000		3,144
Elite Semiconductor Memory Technology, Inc. (b)		116,750		140,240
Epistar Corp. (b)		40,850		78,675
Etron Technology, Inc. (b)		12,445		5,616
Eva Airways Corp. (b)		80,000		44,559
Excelsior Medical Co., Ltd.		30,000		59,590
Far Eastern New Century Corp.		389,333		449,379
Flytech Technology Co. Ltd.		7,670		30,110
Formosa Chemicals & Fibre Corp.		194,243		547,466
Formosa Epitaxy, Inc. (b)		12,000		6,865
Formosa Plastics Corp.		310,714		839,246
Founding Construction & Development Co. Ltd.		273,650		174,913
Foxconn Technology Co., Ltd.		84,903		198,274
Fubon Financial Holding Co., Ltd.		471,903		690,354
Fullerton Technology Co. Ltd.		36,000		30,077
Fwusow Industry Co. Ltd.		141,300		69,693
Giant Manufacturing Co., Ltd.		134,802		927,220
Grape King, Inc.		118,000		593,890
Great Wall Enterprise Co.		29,000		25,688
HannStar Display Corp. (b)		88,000		32,627
Hermes Microvision, Inc.		2,000		64,959
Himax Technologies, Inc. ADR (a)		3,706		54,515
Hiwin Technologies Corp.		8,652		73,011
Hocheng Corp. (b)		213,000		76,114
Hon Hai Precision Industry Co., Ltd.		574,610		1,544,324
Hong TAI Electric Industrial		137,000		45,462
Hotai Motor Co., Ltd.		47,000		580,335
HTC Corp.		67,198		317,913
Hua Nan Financial Holdings Co., Ltd.		514,536		300,399
Hung Sheng Construction Co. Ltd.		77,000		62,652
Ibase Technology, Inc.		118,191		173,498
Innolux Corp. (b)		266,383		101,446
Inotera Memories, Inc. (b)		28,000		20,669
Janfusun Fancyworld Corp. (b)		423,112		82,199
KEE TAI Properties Co., Ltd.		75,000		50,204
Kenda Rubber Industrial Co., Ltd.		4,160		9,254
Kerry TJ Logistics Co., Ltd.		66,000		102,753
Kindom Construction Co.		48,000		54,920
Kung Long Batteries Industrial Co. Ltd.		9,000		23,796
Kuoyang Construction Co., Ltd.		49,225		32,207
Kwong Fong Industries		38,000		24,927
Largan Precision Co., Ltd.		3,000		122,301
Leofoo Development Co. (b)		139,000		58,065
Lite-On Technology Corp.		192,516		308,765
Long Bon International Co., Ltd.		11,000		7,013
Long Chen Paper Co. Ltd.		1,060,383		530,129
MediaTek, Inc.		51,329		763,817
Medigen Biotechnology Corp. (b)		5,248		35,041
Mega Financial Holding Co., Ltd.		390,921		329,227
Merida Industry Co., Ltd.		2,000		14,528
Merry Electronics Co. Ltd.		12,720		74,262
Mosel Vitelic, Inc. (b)		3,758		812
Namchow Chemical Industrial Ltd.		65,000		99,233
Nan Ya Plastics Corp.		298,486		690,043
Nanya Technology Corp. (b)		50,000		6,727
National Petroleum Co., Ltd.		411,000		402,678
Neo Solar Power Corp. (b)		14,870		21,978
New Era Electronics Co. Ltd.		30,000		40,515
Newmax Technology Co., Ltd. (b)		31,185		67,176
Nexcom International Co. Ltd.		78,736		59,309
Novatek Microelectronics Corp.		37,225		152,380
Pacific Hospital Supply Co. Ltd.		27,000		89,869
Pan Jit International, Inc. (b)		9,000		4,213
Pegatron Corp.		67,686		87,209
Phytohealth Corp. (b)		9,000		11,445
Pihsiang Machinery Manufacturing Co. Ltd. (b)		30,000		29,443

30

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Portwell, Inc.		31,000	$	29,800
Pou Chen Corp.		267,531		399,903
Powertech Technology, Inc.		79,285		121,175
Precision Silicon Corp. (b)		909		502
Promate Electronic Co., Ltd.		69,000		76,169
ProMOS Technologies, Inc. (b)(e)		130,950		0
Quanta Computer, Inc.		258,664		603,189
Sampo Corp.		250,000		99,401
Sesoda Corp.		85,500		91,945
Shih Wei Navigation Co., Ltd.		121,402		85,949
Shin Kong Financial Holding Co., Ltd.		295,792		102,225
Siliconware Precision Industries Co.		187,578		224,060
Sinbon Electronics Co., Ltd.		83,000		111,257
Sinon Corp.		138,000		77,327
SinoPac Financial Holdings Co., Ltd.		685,223		341,422
Sinphar Pharmaceutical Co., Ltd.		85,000		140,604
Solar Applied Materials Technology Corp.		192,250		164,490
Solartech Energy Corp. (b)		8,993		8,630
Stark Technology, Inc.		65,000		66,737
Supreme Electronics Co. Ltd.		155,864		78,707
Ta Ya Electric Wire & Cable		435,000		108,153
Tainan Enterprises Co., Ltd.		46,000		48,310
Taishin Financial Holdings Co., Ltd.		655,142		322,037
Taisun Enterprise Co., Ltd. (b)		177,000		79,284
Taiwan Acceptance Corp.		9,000		23,554
Taiwan Cement Corp.		330,533		512,931
Taiwan Chinsan Electronic Industrial Co. Ltd.		34,000		56,014
Taiwan Cogeneration Corp.		48,000		28,024
Taiwan Fire & Marine Insurance Co.		29,000		24,034
Taiwan FU Hsing Industrial Co., Ltd.		39,000		42,332
Taiwan Land Development Corp. (b)		189,816		69,740
Taiwan Mobile Co., Ltd.		4,000		12,925
Taiwan Paiho Ltd.		63,000		76,098
Taiwan Pulp & Paper Corp. (b)		342,000		148,603
Taiwan Sakura Corp.		112,000		78,165
Taiwan Semiconductor Manufacturing Co., Ltd.		959,000		3,394,719
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		47,086		821,180
Taiwan Tea Corp. (b)		116,913		98,070
Taiwan Union Technology Corp.		145,000		111,413
Taiyen Biotech Co., Ltd.		52,499		54,166
Tatung Co., Ltd. (b)		190,885		52,968
TPK Holding Co. Ltd.		8,000		47,243
Transasia Airways Corp.		287,000		122,298
Tripod Technology Corp.		79,320		142,121
Uni-President Enterprises Corp.		124,052		223,517
United Microelectronics Corp. ADR (a)		280,203		571,614
Unity Opto Technology Co., Ltd. (b)		12,759		12,800
Ve Wong Corp.		67,000		55,977
Visual Photonics Epitaxy Co., Ltd.		175,259		178,767
Wei Chuan Food Corp.		36,000		63,295
Wei Mon Industry Co. Ltd. (b)		247,450		78,876
Weikeng Industrial Co., Ltd.		73,000		56,213
Winbond Electronics Corp. (b)		56,000		15,032
Wistron Corp.		170,022		142,904
Zeng Hsing Industrial Co. Ltd.		29,350		162,489
Zenitron Corp.		155,000		99,594
				32,822,628
THAILAND — 2.7%
Advanced Info Service PCL		117,615		714,066
Airports of Thailand PCL		19,000		91,646
Bangkok Dusit Medical Services PCL		5,100		18,236
Bangkok Expressway PCL		386,459		393,986
Bangkokland PCL		759,800		35,608
Banpu PCL		153,480		141,289
BEC World PCL		29,400		45,183
Big C Supercenter PCL		4,200		23,518
BTS Group Holdings PCL		35,500		9,399
Central Pattana PCL		56,300		70,246
Central Plaza Hotel PCL		41,700		34,898
CH Karnchang PCL		7,100		3,349
Charoen Pokphand Foods PCL		21,300		20,743
CP ALL PCL		195,700		250,134
Electricity Generating PCL		88,074		328,334
IRPC PCL		986,758		97,895
Jasmine International PCL		190,000		38,740
Kasikornbank PCL (c)		1,200		5,697
Kasikornbank PCL (c)		62,100		299,539
Krung Thai Bank PCL		48,600		24,404
Land and Houses PCL		75,000		20,428
Minor International PCL		8,200		5,166
Pruksa Real Estate PCL		28,900		16,007
PTT Exploration & Production PCL		139,841		708,567
PTT Global Chemical PCL		24,400		58,661
PTT PCL		81,424		708,681
Quality Houses PCL		227,900		18,310
Sansiri PCL		194,500		10,595
Siam Cement PCL (c)		15,200		187,803
Siam Cement PCL (c)		27,700		337,188
Siam Commercial Bank PCL		126,702		553,309
Siam Future Development PCL		141,550		24,338
Siam Makro PCL		13,900		12,267
Tesco Lotus Retail Growth Freehold & Leasehold Property Fund		95,566		36,353
Thai Airways International PCL		67,700		28,432
Thai Beverage PCL (a)		437,000		186,900
Thai Oil PCL		121,895		208,661
Thaicom PCL		43,600		53,737
Ticon Industrial Connection PCL		110,400		53,083
Tisco Financial Group PCL		180,118		211,033
TMB Bank PCL (a)		4,936,417		309,465
Total Access Communication PCL, NVDR		8,400		24,796
Toyo-Thai Corp. PCL		7,800		8,071
True Corp. PCL, NVDR (b)		291,900		66,624
				6,495,385
TURKEY — 1.7%
Akbank TAS		111,746		348,475
Anadolu Efes Biracilik Ve Malt Sanayii AS		24,022		259,954
Aselsan Elektronik Sanayi Ve Ticaret AS		3,329		13,387
BIM Birlesik Magazalar AS		4,370		88,274
Coca-Cola Icecek AS		504		12,140
Dogan Sirketler Grubu Holdings AS (b)		161,704		54,190

31

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Dogan Yayin Holding AS (b)		133,900	$	34,277
Eregli Demir ve Celik Fabrikalari TAS		165,235		198,420
Haci Omer Sabanci Holding AS		59,607		239,704
KOC Holding AS		89,456		366,401
Migros Ticaret AS (b)		937		6,978
Tupras-Turkiye Petrol Rafinerileri AS		13,541		270,379
Turk Hava Yollari Anonim Ortakligi		29,338		87,939
Turkcell Iletisim Hizmetleri AS (b)		51,369		271,370
Turkiye Garanti Bankasi AS		239,859		777,016
Turkiye Halk Bankasi AS		11,435		64,666
Turkiye Is Bankasi (Class C)		139,578		302,089
Turkiye Vakiflar Bankasi Tao (Class D)		19,507		34,683
Ulker Biskuvi Sanayi AS		56,741		401,426
Yapi ve Kredi Bankasi AS		89,795		155,475
				3,987,243
TOTAL COMMON STOCKS —
(Cost $247,691,346)				233,375,203
PREFERRED STOCKS — 0.1%
COLOMBIA — 0.1%
Grupo Argos SA/Colombia Preference Shares (Cost $140,181)		12,798		129,172
RIGHTS — 0.0% (g)
MALAYSIA — 0.0% (g)
KPJ Healthcare Bhd (expiring 01/13/14) (b) (Cost $0)		1,040		654
WARRANTS — 0.0% (g)
MALAYSIA — 0.0% (g)
KNM Group Bhd (expiring 11/15/17) (b)		63,006		2,404
Malaysian Resources Corp. Bhd (expiring 09/16/18) (b)		123,400		8,477
				10,881
THAILAND — 0.0% (g)
BTS Group Holdings PCL (expiring 11/01/18) (b)		46,858		316
TOTAL WARRANTS —
(Cost $9,950)				11,197
SHORT TERM INVESTMENTS — 7.7%
UNITED STATES — 7.7%
MONEY MARKET FUNDS — 7.7%
State Street Navigator Securities Lending Prime Portfolio (h)(i)		14,497,318		14,497,318
State Street Institutional Liquid Reserves Fund 0.06% (i)(j)(k)		3,640,688		3,640,688
TOTAL SHORT TERM INVESTMENTS —
(Cost $18,138,006)				18,138,006
TOTAL INVESTMENTS — 106.5%
(Cost $265,979,483)				251,654,232
OTHER ASSETS & LIABILITIES — (6.5)%				(15,363,971	)
NET ASSETS — 100.0%			$	236,290,261

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(d)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(e)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs. (See accompanying Notes to Schedules of Investments)
(f)	Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.8% of net assets as of December 31, 2013, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(g)	Amount shown represents less than 0.05% of net assets.
(h)	Investments of cash collateral for securities loaned.
(i)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(j)	The rate shown is the annualized seven-day yield at period end.
(k)	Security, or a portion thereof, is designated on the Fund’s books or pledged as collateral for futures contracts.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

NVDR = Non Voting Depositary Receipt

PCL = Public Company Limited

PLC = Public Limited Company

At December 31, 2013, open futures contracts purchased were as follows:

	Expiration						Unrealized
Futures	Date		Contracts		Value		Appreciation
MSCI Taiwan Index Futures		1/24/2014		75	$	2,274,000	$	45,121

32

SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		16.5	%
Oil, Gas & Consumable Fuels		12.7
Wireless Telecommunication Services		6.9
Metals & Mining		5.3
Internet Software & Services		4.5
Semiconductors & Semiconductor Equipment		3.1
Food Products		2.9
Beverages		2.8
Insurance		2.6
Real Estate Management & Development		2.4
Chemicals		2.1
Automobiles		1.9
IT Services		1.9
Electronic Equipment, Instruments & Components		1.9
Media		1.8
Diversified Financial Services		1.7
Industrial Conglomerates		1.7
Food & Staples Retailing		1.7
Diversified Telecommunication Services		1.6
Construction Materials		1.6
Pharmaceuticals		1.5
Computers & Peripherals		1.5
Construction & Engineering		1.4
Multiline Retail		1.3
Transportation Infrastructure		1.3
Independent Power Producers & Energy Traders		1.2
Electric Utilities		1.2
Specialty Retail		1.1
Household Durables		0.7
Hotels, Restaurants & Leisure		0.7
Airlines		0.7
Thrifts & Mortgage Finance		0.7
Household Products		0.6
Personal Products		0.5
Paper & Forest Products		0.5
Capital Markets		0.4
Energy Equipment & Services		0.4
Communications Equipment		0.4
Leisure Equipment & Products		0.4
Machinery		0.4
Gas Utilities		0.4
Marine		0.4
Air Freight & Logistics		0.4
Textiles, Apparel & Luxury Goods		0.3
Tobacco		0.3
Electrical Equipment		0.3
Water Utilities		0.3
Internet & Catalog Retail		0.3
Trading Companies & Distributors		0.3
Health Care Providers & Services		0.2
Diversified Consumer Services		0.2
Aerospace & Defense		0.2
Health Care Equipment & Supplies		0.2
Consumer Finance		0.1
Distributors		0.1
Software		0.1
Road & Rail		0.1
Commercial Services & Supplies		0.1
Building Products		0.0	***
Auto Components		0.0	***
Real Estate Investment Trusts		0.0	***
Professional Services		0.0	***
Containers & Packaging		0.0	***
Biotechnology		0.0	***
Short Term Investment		7.7
Other Assets & Liabilities		(6.5	)
TOTAL		100.0	%

*

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

**

Each security is valued based on Level 1 inputs except for Chaoda Modern Agriculture Holdings, Ltd., which was Level 3 and part of the Food Products Industry, Corporacion GEO SAB de CV, which was Level 3 and part of the Household Durables Industry, Urbi Desarrollos Urbanos SA de CV, which was Level 3 and part of the Household Durables Industry, Top Frontier Investment Holding Ltd., which was Level 2 and part of the Diversified Financial Services Industry, TA Global Bhd Preference Shares, which was Level 2 and part of the Real Estate Management & Development Industry, Bioton SA, which was Level 2 and part of the Biotechnology Industry, Interbolsa SA/Colombia, which was Level 2 and part of the Capital Markets Industry, and ProMOS Technologies, Inc., which was Level 3 and part of the Semiconductors & Semiconductor Equipment Industry, each representing 0.00% of net assets, IOI Properties Group Sdn Bhd, which was Level 2 and part of the Real Estate Management & Development Industry, representing 0.08% of net assets, Hanergy Solar Group, Ltd., which was Level 2 and part of the Semiconductors & Semiconductor Equipment Industry, representing 0.02% of net assets, Livzon Pharmaceutical, Inc. (Class B), which was Level 2 and part of the Pharmaceuticals Industry, representing 0.01% of net assets, Shanghai Jinqiao Export Processing Zone Development Co. Ltd., which was Level 2 and part of the Real Estate Management & Development Industry, representing 0.04% of net assets, and TA Global Bhd, which was Level 2 and part of the Real Estate Management & Development Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)

*** Amount shown represents less than 0.05% of net assets.

33

SPDR S&P Emerging Markets Dividend ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.8%
BRAZIL — 20.6%
AES Tiete SA Preference Shares		543,693	$	4,399,322
Banco do Brasil SA		67,638		699,530
Banco do Brasil SA ADR (a)		935,038		9,708,500
Banco do Estado do Rio Grande do Sul SA Preference Shares		779,549		4,163,322
Bradespar SA Preference Shares		1,037,663		11,030,873
Centrais Eletricas Brasileiras SA Preference Shares (Class H)		2,214,309		9,319,948
Cia Energetica do Ceara Preference Shares		64,240		1,143,618
Companhia Energetica de Minas Gerais ADR (a)		1,699,539		13,239,409
Companhia Energetica de Sao Paulo Preference Shares		962,360		9,145,326
CPFL Energia SA ADR (a)		267,242		4,278,544
EDP — Energias do Brasil SA		1,493,742		7,186,170
Mahle-Metal Leve SA		215,491		2,502,682
Oi SA ADR (a)		4,005,489		6,368,728
Tractebel Energia SA		165,123		2,515,427
Tractebel Energia SA ADR (a)		360,897		5,521,724
Transmissora Alianca de Energia Electrica SA		634,942		4,898,143
Vale SA Preference Shares ADR		619,259		8,675,819
				104,797,085
CHILE — 1.5%
Aguas Andinas SA Class A		4,861,989		3,145,095
Banco de Chile ADR (a)		7,942		697,307
ENTEL Chile SA		278,606		3,785,797
				7,628,199
CHINA — 10.5%
Anta Sports Products, Ltd. (a)		2,773,000		3,433,281
Bank of China, Ltd.		16,260,536		7,486,715
China Citic Bank Corp., Ltd. (a)		10,389,000		5,640,843
China Hongqiao Group, Ltd.		3,849,789		2,651,346
Giant Interactive Group, Inc. ADR (a)		599,575		6,739,223
Guangzhou R&F Properties Co., Ltd. (Class H) (a)		4,209,511		6,156,486
Jiangsu Expressway Co., Ltd. (a)		3,380,000		4,154,299
Soho China, Ltd.		5,504,000		4,741,798
Zhejiang Expressway Co., Ltd. (Class H)		3,838,000		3,628,250
Zijin Mining Group Co., Ltd. (Class H) (a)		40,222,000		8,611,126
				53,243,367
COLOMBIA — 1.3%
Ecopetrol SA, ADR (a)		174,355		6,703,950
CZECH REPUBLIC — 3.2%
CEZ AS		362,996		9,447,382
Komercni Banka AS		29,985		6,673,346
				16,120,728
HONG KONG — 3.5%
Bosideng International Holdings, Ltd. (a)		8,867,600		1,669,734
China Mobile, Ltd. (a)		337		3,494
Citic Pacific, Ltd. (a)		4,618,000		7,063,612
Shenzhen Investment, Ltd.		8,467,175		3,188,670
Shougang Fushan Resources Group, Ltd. (a)		16,778,000		5,885,689
				17,811,199
INDIA — 0.2%
NMDC, Ltd.		523,638		1,201,265
INDONESIA — 1.3%
Aneka Tambang Persero Tbk PT		9,158,500		820,276
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		11,206,500		819,539
Indo Tambangraya Megah Tbk PT		1,142,000		2,674,363
Tambang Batubara Bukit Asam Persero Tbk PT		2,454,500		2,057,182
				6,371,360
MALAYSIA — 3.0%
British American Tobacco Malaysia Bhd		138,600		2,713,183
Malayan Banking Bhd		2,261,183		6,861,902
Maxis Bhd		2,588,200		5,744,532
				15,319,617
NETHERLANDS — 2.2%
VimpelCom, Ltd. ADR		883,874		11,437,329
POLAND — 10.5%
Bank Handlowy w Warszawie SA		51,526		1,792,981
Bank Pekao SA		143,228		8,520,249
KGHM Polska Miedz SA		351,354		13,740,003
Polska Grupa Energetyczna SA		2,442,536		13,178,176
Powszechny Zaklad Ubezpieczen SA		64,813		9,643,174
Synthos SA		1,728,697		3,133,763
Tauron Polska Energia SA		2,400,878		3,477,054
				53,485,400
RUSSIA — 3.5%
CTC Media, Inc.		338,830		4,708,043
E.ON Russia JSC		11,325,795		809,069
Phosagro OAO GDR		372,010		3,640,118
Polymetal International PLC		931,058		8,866,867
				18,024,097
SOUTH AFRICA — 9.9%
African Bank Investments, Ltd. (a)		11,483,478		13,211,687
Capital Property Fund (a)		1,813,864		1,844,387
Fountainhead Property Trust (a)		2,679,523		1,893,159
Hyprop Investments, Ltd.		356,938		2,607,066
Kumba Iron Ore, Ltd. (a)		243,004		10,288,591
MMI Holdings, Ltd.		2,640,507		6,378,310
Redefine Properties, Ltd.		4,963,520		4,615,795
Resilient Property Income Fund, Ltd. (a)		332,448		1,761,629
Vodacom Group, Ltd. (a)		622,531		7,905,156
				50,505,780
SOUTH KOREA — 2.3%
KT Corp. ADR (b)		344,235		5,118,774
Macquarie Korea Infrastructure Fund (a)		299,749		1,735,411
SK Telecom Co., Ltd.		21,590		4,705,264
				11,559,449
TAIWAN — 14.6%
Asia Cement Corp.		168		218

34

SPDR S&P Emerging Markets Dividend ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Asustek Computer, Inc.		597,000	$	5,368,363
Chicony Electronics Co., Ltd.		1,373,990		3,453,012
China Steel Chemical Corp.		314,000		1,727,851
Chunghwa Telecom Co., Ltd. ADR (a)		130,503		4,040,373
Far Eastern New Century Corp.		3,483,726		4,021,010
Farglory Land Development Co., Ltd.		802,635		1,360,010
Highwealth Construction Corp.		1,087,800		2,299,441
HTC Corp.		105		497
LCY Chemical Corp.		542		705
Lite-On Technology Corp.		2,391,778		3,836,026
Macronix International Co., Ltd. (b)		659		148
Pou Chen Corp.		7,139,000		10,671,312
Quanta Computer, Inc.		2,422,000		5,647,961
Radiant Opto-Electronics Corp.		2,088,300		7,637,516
Ruentex Development Co., Ltd.		3,267,000		6,335,920
Synnex Technology International Corp.		3,117,000		4,946,872
Taiwan Cement Corp.		4,208,000		6,530,105
Taiwan Mobile Co., Ltd.		200		646
TSRC Corp.		762,800		1,126,150
Wistron Corp.		532		447
WPG Holdings, Ltd.		4,423,000		5,090,305
				74,094,888
THAILAND — 4.4%
Advanced Info Service PCL		30		182
Advanced Info Service PCL, NVDR		445,049		2,701,986
BTS Group Holdings PCL		16,543,749		4,380,116
Delta Electronics Thai PCL, NVDR		1,117,200		1,818,935
Land and Houses PCL, NVDR		14,519,645		3,954,681
Shin Corp. PCL, NVDR (a)		1,677,957		3,459,574
Thai Oil PCL		2,194,100		3,755,877
Tisco Financial Group PCL, NVDR		2,121,100		2,485,160
				22,556,511
TURKEY — 7.3%
Arcelik AS		870,183		4,920,979
Aygaz AS		507,157		1,935,624
Dogus Otomotiv Servis ve Ticaret AS		438,261		1,366,697
Ford Otomotiv Sanayi AS		237,800		2,512,479
Tekfen Holding AS		1,446,230		3,372,405
Tofas Turk Otomobil Fabrikasi AS		766,279		4,779,213
Tupras-Turkiye Petrol Rafinerileri AS		438,011		8,745,949
Turk Telekomunikasyon AS		2,589,210		7,182,542
Turk Traktor ve Ziraat Makineleri AS		81,730		2,339,490
				37,155,378
TOTAL COMMON STOCKS —
(Cost $550,856,611)				508,015,602
WARRANTS — 0.0% (c)
THAILAND — 0.0% (c)
BTS Group Holdings PCL (expiring 11/01/18) (b) (Cost $0)		5,642,183		159,684
SHORT TERM INVESTMENTS — 11.5%
UNITED STATES — 11.5%
MONEY MARKET FUNDS — 11.5%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		53,514,978		53,514,978
State Street Institutional Liquid Reserves Fund 0.06% (e)(f)		4,707,103		4,707,103
TOTAL SHORT TERM INVESTMENTS —
(Cost $58,222,081)				58,222,081
TOTAL INVESTMENTS — 111.3%
(Cost $609,078,692)				566,397,367
OTHER ASSETS & LIABILITIES — (11.3)%				(57,438,057	)
NET ASSETS — 100.0%			$	508,959,310

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Amount shown represents less than 0.05% of net assets.
(d)	Investments of cash collateral for securities loaned.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

NVDR = Non Voting Depositary Receipt

PCL = Public Company Limited

PLC = Public Limited Company

35

SPDR S&P Emerging Markets Dividend ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Metals & Mining		14.1	%
Electric Utilities		13.0
Commercial Banks		10.9
Wireless Telecommunication Services		7.7
Real Estate Management & Development		7.6
Oil, Gas & Consumable Fuels		4.6
Diversified Telecommunication Services		4.5
Independent Power Producers & Energy Traders		4.5
Computers & Peripherals		3.7
Insurance		3.2
Textiles, Apparel & Luxury Goods		3.1
Diversified Financial Services		2.6
Electronic Equipment, Instruments & Components		2.3
Industrial Conglomerates		2.2
Chemicals		1.8
Transportation Infrastructure		1.5
Semiconductors & Semiconductor Equipment		1.5
Automobiles		1.4
Software		1.3
Construction Materials		1.3
Household Durables		1.0
Media		0.9
Road & Rail		0.9
Construction & Engineering		0.7
Water Utilities		0.6
Tobacco		0.5
Auto Components		0.5
Machinery		0.4
Gas Utilities		0.4
Real Estate Investment Trusts		0.4
Capital Markets		0.4
Distributors		0.3
Communications Equipment		0.0	***
Short Term Investment		11.5
Other Assets & Liabilities		(11.3	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Financial Statements)
***	Amount shown represents less than 0.05% of net assets.

36

SPDR S&P BRIC 40 ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 100.0%
BRAZIL — 17.0%
AMBEV SA ADR		1,163,186	$	8,549,417
Banco Bradesco SA Preference Shares ADR (a)		538,678		6,749,635
BRF SA ADR		165,275		3,449,289
Itau Unibanco Holding SA Preference Shares ADR		642,666		8,720,978
Petroleo Brasileiro SA ADR		381,152		5,252,275
Ultrapar Participacoes SA ADR		105,961		2,505,978
Vale SA ADR (a)		333,566		5,086,881
				40,314,453
CHINA — 43.2%
Agricultural Bank of China, Ltd.		6,119,000		3,006,725
Baidu, Inc. ADR (b)		69,952		12,443,062
Bank of China, Ltd.		17,557,254		8,083,753
China Construction Bank Corp.		20,930,610		15,791,594
China Life Insurance Co., Ltd.		1,902,000		5,948,541
China Merchants Bank Co., Ltd. (a)		1,181,860		2,518,050
China Petroleum & Chemical Corp.		6,531,174		5,331,914
China Shenhua Energy Co., Ltd.		872,000		2,749,689
China Telecom Corp., Ltd.		610		308
Hengan International Group Co., Ltd.		198,500		2,345,007
Industrial & Commercial Bank of China		20,889,960		14,117,477
PetroChina Co., Ltd.		5,402,171		5,922,096
Ping An Insurance Group Co. of China, Ltd.		488,500		4,375,473
Tencent Holdings, Ltd.		266,600		17,006,011
Want Want China Holdings, Ltd.		1,760,000		2,542,254
				102,181,954
HONG KONG — 10.3%
China Mobile, Ltd.		1,338,000		13,873,958
China Overseas Land & Investment, Ltd. (a)		982,560		2,762,509
CNOOC, Ltd.		4,115,221		7,653,263
				24,289,730
INDIA — 6.6%
HDFC Bank, Ltd. ADR (a)		99,747		3,435,287
ICICI Bank, Ltd. ADR (a)		72,040		2,677,727
Infosys Technologies, Ltd. ADR		123,422		6,985,685
Reliance Industries, Ltd. GDR (c)		88,661		2,574,715
				15,673,414
NETHERLANDS — 1.0%
Yandex NV (Class A) (b)		53,489		2,308,050
RUSSIA — 21.9%
Gazprom OAO ADR		1,514,653		12,950,283
Lukoil OAO ADR (d)		131,093		8,186,758
Lukoil OAO ADR (d)		1,675		105,726
Magnit OJSC GDR		73,762		4,883,044
MMC Norilsk Nickel OJSC ADR		145,259		2,414,205
Mobile Telesystems OJSC ADR		129,647		2,804,265
NovaTek OAO GDR		20,045		2,744,161
Rosneft Oil Co. GDR (d)		5,891		44,860
Rosneft Oil Co. GDR (d)		265,638		2,022,833
Sberbank of Russia ADR (d)		14,597		183,484
Sberbank of Russia ADR (d)		676,212		8,506,747
Surgutneftegas OJSC ADR (a)		246,513		2,129,872
Tatneft OAO ADR		62,225		2,378,240
Uralkali OJSC GDR		87,177		2,318,908
				51,673,386
TOTAL COMMON STOCKS —
(Cost $262,115,700)				236,440,987
SHORT TERM INVESTMENTS — 5.5%
UNITED STATES — 5.5%
MONEY MARKET FUNDS — 5.5%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		11,594,409		11,594,409
State Street Institutional Liquid Reserves Fund 0.06% (f)(g)		1,343,246		1,343,246
TOTAL SHORT TERM INVESTMENTS —
(Cost $12,937,655)				12,937,655
TOTAL INVESTMENTS — 105.5%
(Cost $275,053,355)				249,378,642
OTHER ASSETS & LIABILITIES — (5.5)%				(12,944,243	)
NET ASSETS — 100.0%			$	236,434,399

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 1.1% of net assets as of December 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(e)	Investments of cash collateral for securities loaned.
(f)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(g)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

37

SPDR S&P BRIC 40 ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		31.2	%
Oil, Gas & Consumable Fuels		26.4
Internet Software & Services		13.4
Wireless Telecommunication Services		7.1
Insurance		4.3
Beverages		3.6
Metals & Mining		3.1
IT Services		3.0
Food Products		2.6
Food & Staples Retailing		2.1
Real Estate Management & Development		1.2
Personal Products		1.0
Chemicals		1.0
Diversified Telecommunication Services		0.0	***
Short Term Investment		5.5
Other Assets & Liabilities		(5.5	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

*** Amount shown represents less than 0.05% of net assets.

38

SPDR S&P Emerging Europe ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 100.0%
CZECH REPUBLIC — 3.3%
CEZ AS		52,303	$	1,361,244
Komercni Banka AS		3,560		792,300
Telefonica O2 Czech Republic AS		21,413		317,994
Unipetrol (a)		35,076		296,646
				2,768,184
HUNGARY — 3.3%
Magyar Telekom Telecommunications PLC (b)		173,843		253,194
MOL Hungarian Oil and Gas NyRt		10,802		725,254
OTP Bank NyRt		45,118		858,027
Richter Gedeon NyRt		46,242		943,535
				2,780,010
NETHERLANDS — 2.9%
VimpelCom, Ltd. ADR		75,779		980,580
Yandex NV (a)		33,906		1,463,044
				2,443,624
POLAND — 17.1%
Agora SA (a)		44,305		143,746
Asseco Poland SA		21,466		327,028
Bank Pekao SA		27,389		1,629,298
Bank Zachodni WBK SA		4,865		624,923
Echo Investment SA (a)		131,279		291,494
Getin Holding SA		81,280		101,551
Getin Noble Bank SA (a)		237,864		210,475
Globe Trade Centre SA (a)		52,859		130,507
ING Bank Slaski SA (a)		20,581		773,122
KGHM Polska Miedz SA		33,028		1,291,589
LPP SA		106		316,161
Lubelski Wegiel Bogdanka SA		9,769		407,278
Mbank		5,026		832,822
Netia SA (a)		393,264		686,839
Orbis SA		6,540		87,108
Polska Grupa Energetyczna SA		99,992		539,485
Polski Koncern Naftowy Orlen SA		57,840		785,909
Powszechna Kasa Oszczednosci Bank Polski SA		141,372		1,846,885
Powszechny Zaklad Ubezpieczen SA		8,275		1,231,192
Rovese SA (a)		239,627		165,181
Tauron Polska Energia SA		389,832		564,571
Telekomunikacja Polska SA		305,040		990,701
TVN SA		78,045		380,209
				14,358,074
RUSSIA — 56.6%
Etalon Group, Ltd. GDR (a)		12,362		65,519
Eurasia Drilling Co., Ltd. GDR		4,931		221,895
Evraz PLC (a)		104,214		193,144
Federal Hydrogenerating Co. JSC ADR (c)		144,826		246,204
Federal Hydrogenerating Co. JSC ADR (c)		34,290		59,184
Gazprom Neft JSC ADR		23,642		534,309
Gazprom OAO ADR		1,150,138		9,833,680
Globaltrans Investment PLC GDR		14,582		231,854
Integra Group Holdings GDR (a)		2,623		44,198
LSR Group OJSC GDR		36,426		152,479
Lukoil OAO ADR		102,270		6,386,761
Magnit OJSC		1,000		281,193
Magnit OJSC GDR (b)		43,371		2,871,160
Mail.ru Group, Ltd. GDR		8,000		356,800
Mechel OAO, ADR (a)		26,288		67,297
MegaFon OAO GDR		6,724		225,254
MMC Norilsk Nickel OJSC ADR		178,723		2,970,376
Mobile Telesystems OJSC		38,558		385,216
Mobile Telesystems OJSC ADR		94,793		2,050,373
NovaTek OAO GDR		23,348		3,196,341
Novolipetsk Steel OJSC GDR (b)		8,380		141,538
O’Key Group SA GDR		6,790		80,801
Pharmstandard GDR (a)		9,084		90,068
Phosagro OAO GDR		3,994		39,081
PIK Group GDR (a)		65,175		151,206
Polymetal International PLC		44,561		424,374
Rosneft Oil Co. GDR		241,956		1,842,495
Rostelecom ADR		44,404		902,289
Sberbank		1,810,110		5,573,001
Sberbank of Russia ADR		30,000		377,400
Severstal GDR (b)		65,094		643,129
Sistema JSFC GDR		29,406		944,521
Surgutneftegas OJSC ADR		209,953		1,813,994
Tatneft OAO ADR		40,271		1,539,158
TMK OAO GDR		8,219		96,902
Uralkali OJSC GDR		53,331		1,418,605
VTB Bank OJSC GDR		275,862		826,207
X5 Retail Group NV GDR (a)		13,231		221,884
				47,499,890
TURKEY — 16.4%
Akbank TAS		302,942		944,711
Anadolu Anonim Turk Sigorta (a)		328,429		203,309
Anadolu Efes Biracilik Ve Malt Sanayii AS		69,342		750,385
Arcelik AS		144,052		814,630
Asya Katilim Bankasi AS (a)		98,832		66,701
BIM Birlesik Magazalar AS		34,558		698,076
Coca-Cola Icecek AS		4,583		110,389
Dogan Sirketler Grubu Holdings AS (a)		338,314		113,375
Dogan Yayin Holding AS (a)		781,283		200,002
Dogus Otomotiv Servis ve Ticaret AS		167,396		522,017
Enka Insaat ve Sanayi AS		162,611		455,629
Eregli Demir ve Celik Fabrikalari TAS		438,387		526,432
Haci Omer Sabanci Holding AS		158,747		638,387
KOC Holding AS		216,463		886,607
Koza Altin Isletmeleri AS		2,106		21,761
Tupras-Turkiye Petrol Rafinerileri AS		29,830		595,628
Turk Hava Yollari Anonim Ortakligi		425,448		1,275,255
Turk Telekomunikasyon AS		52,638		146,019
Turkcell Iletisim Hizmetleri AS (a)		182,918		966,311
Turkiye Garanti Bankasi AS		611,788		1,981,868
Turkiye Halk Bankasi AS		60,260		340,777
Turkiye Is Bankasi (Class C)		257,541		557,396
Turkiye Vakiflar Bankasi Tao (Class D)		120,000		213,358
Ulker Biskuvi Sanayi AS		8,405		59,463
Vestel Elektronik Sanayi (a)		171,168		123,486
Yapi ve Kredi Bankasi AS		427,272		494,212
				13,706,184

39

SPDR S&P Emerging Europe ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
UNITED KINGDOM — 0.4%
Polyus Gold International, Ltd.		89,709	$	295,304
TOTAL COMMON STOCKS —
(Cost $109,207,331)				83,851,270
SHORT TERM INVESTMENTS — 2.9%
UNITED STATES — 2.9%
MONEY MARKET FUNDS — 2.9%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		1,872,885		1,872,885
State Street Institutional Liquid Reserves Fund 0.06% (e)(f)		579,298		579,298
TOTAL SHORT TERM INVESTMENTS —
(Cost $2,452,183)				2,452,183
TOTAL INVESTMENTS — 102.9%
(Cost $111,659,514)				86,303,453
OTHER ASSETS & LIABILITIES — (2.9)%				(2,415,661	)
NET ASSETS — 100.0%			$	83,887,792

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(d)	Investments of cash collateral for securities loaned.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

PLC = Public Limited Company

40

SPDR S&P Emerging Europe ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Oil, Gas & Consumable Fuels		32.9	%
Commercial Banks		22.6
Metals & Mining		7.8
Wireless Telecommunication Services		6.7
Food & Staples Retailing		4.9
Diversified Telecommunication Services		4.0
Electric Utilities		3.3
Internet Software & Services		2.1
Chemicals		2.1
Industrial Conglomerates		1.7
Insurance		1.7
Airlines		1.5
Household Durables		1.4
Pharmaceuticals		1.2
Beverages		1.0
Media		0.9
Real Estate Management & Development		0.8
Diversified Financial Services		0.8
Distributors		0.6
Energy Equipment & Services		0.5
Software		0.4
Textiles, Apparel & Luxury Goods		0.4
Road & Rail		0.3
Building Products		0.2
Hotels, Restaurants & Leisure		0.1
Food Products		0.1
Short Term Investment		2.9
Other Assets & Liabilities		(2.9	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

41

SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 100.0%
BERMUDA — 0.0% (a)
Cosan, Ltd.		1,886	$	26,381
BRAZIL — 53.8%
AES Tiete SA Preference Shares		18,746		151,684
All America Latina Logistica SA		45,344		126,081
AMBEV SA ADR		277,804		2,041,859
Anhanguera Educacional Participacoes SA		14,800		93,470
B2W Cia Digital (b)		7,882		51,015
Banco Bradesco SA Preference Shares ADR (c)		154,801		1,939,657
Banco do Brasil SA		44,361		458,794
Banco do Brasil SA ADR (c)		16,975		176,252
Banco Santander Brazil SA ADS (c)		47,278		288,396
BB Seguridade Participacoes SA		29,319		304,468
Bematech SA		13,165		51,393
BM&FBOVESPA SA		151,292		709,246
BR Malls Participacoes SA		24,247		175,230
BR Properties SA		12,821		101,079
Bradespar SA Preference Shares		26,082		277,265
Braskem SA Preference Shares ADR (b)(c)		11,873		211,933
BRF — Brasil Foods SA		15,636		326,406
BRF — Brasil Foods SA ADR		29,387		613,307
CCR SA		65,136		490,608
Centrais Eletricas Brasileiras SA		3,577		8,900
Centrais Eletricas Brasileiras SA ADR (c)		26,036		67,433
CETIP SA — Balcao Organizado de Ativos e Derivativos		15,239		156,314
Cia Hering		9,295		117,800
Cielo SA		20,287		564,519
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR (c)		11,730		523,979
Companhia de Saneamento Basico do Estado de Sao Paulo		39,246		440,161
Companhia Energetica de Minas Gerais ADR (c)		54,651		425,731
Companhia Energetica de Sao Paulo Preference Shares		23,026		218,817
Companhia Paranaense de Energia Preference Shares		12,600		163,051
Companhia Siderurgica Nacional SA ADR (c)		64,106		397,457
Cosan SA Industria e Comercio		14,926		250,406
CPFL Energia SA ADR (c)		6,756		108,164
Cremer SA		8,994		59,700
Cyrela Brazil Realty SA		31,277		190,903
Cyrela Commercial Properties SA Empreendimentos e Participacoes		24,373		216,947
Diagnosticos da America SA		14,571		89,924
Duratex SA		55,779		310,901
Empresa Brasileira de Aeronautica SA		44,575		356,902
Estacio Participacoes SA		7,359		63,663
Fibria Celulose SA ADR (b)(c)		22,167		258,911
Gafisa SA		22,013		32,937
Gerdau SA ADR		43,100		337,904
Gerdau SA Preference Shares		8,384		65,174
Gol Linhas Aereas Inteligentes SA Preference Shares (b)		14,288		63,469
Hypermarcas SA		22,728		170,033
Investimentos Itau SA		46,940		252,681
Investimentos Itau SA Preference Shares		241,840		912,314
Itau Unibanco Holding SA Preference Shares ADR		179,589		2,437,023
JBS SA		69,363		257,842
Kepler Weber SA		5,397		93,791
Klabin SA Preference Shares		38,570		200,432
Kroton Educacional SA		13,939		231,957
Linx SA		3,261		66,222
Lojas Americanas SA Preference Shares		67,681		451,255
Lojas Renner SA		14,004		362,083
M Dias Branco SA		853		36,156
Metalurgica Gerdau SA Preference Shares		37,438		371,325
MMX Mineracao e Metalicos SA (b)		12,554		3,725
MRV Engenharia e Participacoes SA		7,902		28,235
Multiplan Empreendimentos Imobiliarios SA		5,771		122,061
Natura Cosmeticos SA		17,841		312,846
Oi SA		361		552
Oi SA ADR (c)(d)		10,609		17,399
Oi SA ADR (c)(d)		69,048		109,786
Oi SA Preference Shares		3,932		5,983
PDG Realty SA Empreendimentos e Participacoes (b)		81,883		62,820
Petroleo Brasileiro SA ADR (c)(d)		147,118		2,161,164
Petroleo Brasileiro SA ADR (c)(d)		81,253		1,119,666
Prumo Logistica SA (b)		148,327		67,900
Qualicorp SA (b)		7,276		69,391
Souza Cruz SA		45,353		463,478
Telefonica Brasil SA Preference Shares		26,292		499,595
Tim Participacoes SA		15,913		83,165
Tim Participacoes SA ADR (c)		15,246		400,055
Totvs SA		9,125		142,952
Tractebel Energia SA ADR		2,379		36,399
Ultrapar Participacoes SA ADR		30,731		726,788
Usinas Siderurgicas de Minas Gerais SA ADR (b)		45,319		272,820
Usinas Siderurgicas de Minas Gerais SA Preference Shares (b)		12,929		77,873
Vale SA ADR (c)		72,245		1,101,736
Vale SA Preference Shares ADR		152,417		2,135,362
Weg SA		14,554		192,223
				30,135,298
CHILE — 9.9%
Almendral SA		1,584,989		173,445
Antarchile SA		24,516		330,333
Banco de Chile ADR (c)		3,883		340,927
Banco de Credito e Inversiones		6,267		348,862
Banco Santander Chile ADR		4,635		109,247
CAP SA		9,892		190,027
Cencosud SA		123,762		445,162
Compania General de Electricidad SA		65,018		351,415
Empresa Nacional de Electricidad SA ADR (c)		11,246		501,347
Empresas CMPC SA		135,843		330,940
Empresas COPEC SA		46,402		621,696
Enersis SA ADR		35,068		525,669

42

SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Gasco SA		3,343	$	34,674
Latam Airlines Group SA, ADR (c)		26,364		429,997
SACI Falabella		80,153		719,997
Sociedad Quimica y Minera de Chile SA ADR (c)		4,334		112,164
				5,565,902
COLOMBIA — 5.5%
Almacenes Exito SA		15,272		237,143
Banco Davivienda SA Preference Shares		8,783		107,560
Banco de Bogota SA		4,828		178,676
BanColombia SA ADR		9,360		458,827
Bolsa de Valores de Colombia		1,566,311		18,160
Celsia SA ESP		16,025		47,113
Cementos Argos SA		3,149		15,973
Corp Financiera Colombiana SA (d)		5,650		115,807
Corp Financiera Colombiana SA (b)(d)		204		4,078
Ecopetrol SA, ADR (c)		14,043		539,953
Empresa de Energia de Bogota SA		132,892		105,585
Empresa de Telecomunicaciones de Bogota		75,704		17,124
Grupo Argos SA		22,498		226,377
Grupo Aval Acciones y Valores		111,336		74,627
Grupo Aval Acciones y Valores Preference Shares		327,855		216,364
Grupo de Inversiones Suramericana SA		16,387		285,840
Grupo Nutresa SA		18,434		252,275
Grupo Odinsa SA		2,266		9,594
Interconexion Electrica SA ESP		23,397		110,203
Isagen SA ESP		51,280		86,263
				3,107,542
LUXEMBOURG — 0.1%
Ternium SA ADR		1,390		43,507
MEXICO — 27.4%
Alfa SAB de CV (Class A)		257,904		721,107
Alsea SAB de CV		6,704		20,879
America Movil SAB de CV (c)		3,117,202		3,622,453
Arca Continental SAB de CV		20,276		126,404
Banregio Grupo Financiero SAB de CV		2,616		15,500
Bolsa Mexicana de Valores SAB de CV		8,421		19,244
Cemex SAB de CV (b)(c)		805,981		944,003
Coca-Cola Femsa SAB de CV		20,604		248,435
Compartamos SAB de CV		45,786		85,369
Controladora Comercial Mexicana SAB de CV		7,276		31,055
Corporacion GEO SAB de CV (b)(c)(e)		71,361		0
Desarrolladora Homex SAB de CV (b)		28,753		5,269
El Puerto de Liverpool SAB de CV		3,598		40,952
Empresas ICA SAB de CV (b)		52,297		107,612
Fibra Uno Administracion SA de CV		80,778		257,929
Fomento Economico Mexicano SAB de CV (c)		138,925		1,340,759
Genomma Lab Internacional SAB de CV (Class B) (b)		37,936		106,070
Gruma SAB de CV (Class B) (b)		16,352		123,328
Grupo Aeroportuario del Pacifico SAB de CV (Class B)		8,993		47,927
Grupo Aeroportuario del Sureste SAB de CV (c)		27,703		345,284
Grupo Bimbo SAB de CV		229,800		705,341
Grupo Carso SA de CV (c)		67,777		359,400
Grupo Elektra SA de CV		4,679		158,788
Grupo Financiero Banorte SAB de CV		149,282		1,041,326
Grupo Financiero Inbursa SA		220,328		621,258
Grupo Financiero Santander Mexico SAB de CV (Class B)		53,144		144,048
Grupo Mexico SAB de CV (c)		202,659		668,920
Grupo Televisa SA de CV (Series CPO) (c)		134,095		805,769
Grupo Televisa SA de CV ADR		1,074		32,499
Impulsora Del Desarrollo Y El Empleo en America Latina SA de CV (b)		169,730		388,520
Industrias Penoles SA de CV		8,242		204,006
Kimberly-Clark de Mexico SAB de CV		190,972		540,670
Megacable Holdings SAB de CV		13,490		45,485
Mexichem SAB de CV (c)		9,893		40,608
Minera Frisco SAB de CV (b)(c)		47,350		97,360
OHL Mexico SAB de CV (b)		20,440		52,172
Promotora y Operadora de Infraestructura SAB de CV (b)		2,780		33,117
TV Azteca SAB de CV		245,733		131,336
Urbi Desarrollos Urbanos SA de CV (b)(c)(e)		86,307		0
Wal-Mart de Mexico SAB de CV (c)		411,048		1,075,234
				15,355,436
PERU — 3.3%
Alicorp SA		32,489		105,714
Compania de Minas Buenaventura SA ADR		15,429		173,113
Compania Minera Milpo SA (b)		93,417		70,480
Credicorp, Ltd.		5,936		787,885
Grana y Montero SA		9,073		38,606
Minsur SA		219,842		112,409
Southern Copper Corp.		15,093		433,320
Volcan Compania Minera SAA (Class B)		263,624		107,459
				1,828,986
TOTAL COMMON STOCKS —
(Cost $75,314,486)				56,063,052
SHORT TERM INVESTMENT — 15.9%
UNITED STATES — 15.9%
MONEY MARKET FUND — 15.9%
State Street Navigator Securities Lending Prime Portfolio (f)(g) (Cost $8,890,493)		8,890,493		8,890,493
TOTAL INVESTMENTS — 115.9%
(Cost $84,204,979)				64,953,545
OTHER ASSETS & LIABILITIES — (15.9)%				(8,895,366	)
NET ASSETS — 100.0%			$	56,058,179

43

SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

(a)	Amount shown represents less than 0.05% of net assets.
(b)	Non-income producing security.
(c)	A portion of the security was on loan at December 31, 2013.
(d)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(e)	Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. (See accompanying Notes to Schedules of Investments)
(f)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(g)	Investments of cash collateral for securities loaned.

ADR = American Depositary Receipt

ADS = American Depositary Shares

44

SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		19.1	%
Metals & Mining		12.8
Oil, Gas & Consumable Fuels		9.7
Wireless Telecommunication Services		7.6
Beverages		6.6
Food Products		4.5
Food & Staples Retailing		4.1
Electric Utilities		3.4
Multiline Retail		2.8
Industrial Conglomerates		2.5
Construction Materials		2.1
Diversified Financial Services		2.0
Media		1.8
Transportation Infrastructure		1.8
Independent Power Producers & Energy Traders		1.7
Paper & Forest Products		1.7
Diversified Telecommunication Services		1.1
Real Estate Management & Development		1.1
Construction & Engineering		1.1
IT Services		1.0
Household Products		1.0
Airlines		0.9
Personal Products		0.9
Tobacco		0.8
Water Utilities		0.8
Diversified Consumer Services		0.7
Chemicals		0.7
Aerospace & Defense		0.6
Household Durables		0.6
Insurance		0.5
Machinery		0.5
Specialty Retail		0.5
Real Estate Investment Trusts		0.5
Software		0.4
Containers & Packaging		0.4
Health Care Providers & Services		0.3
Capital Markets		0.3
Gas Utilities		0.3
Road & Rail		0.2
Pharmaceuticals		0.2
Consumer Finance		0.1
Health Care Equipment & Supplies		0.1
Computers & Peripherals		0.1
Internet & Catalog Retail		0.1
Hotels, Restaurants & Leisure		0.0	***
Short Term Investment		15.9
Other Assets & Liabilities		(15.9	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

**	Each security is valued based on Level 1 inputs except for Corporacion GEO SAB de CV, which was Level 3 and part of the Household Durables Industry representing 0.00% of net assets and Urbi Desarrollos Urbanos SA de CV, which was Level 3 and part of the Household Durables Industry representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)
***	Amount shown represents less than 0.05% of net assets.

45

SPDR S&P Emerging Middle East & Africa ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 100.2%
EGYPT — 3.8%
Arab Cotton Ginning		35,185	$	21,976
Commercial International Bank Egypt SAE		159,486		747,790
Eastern Tobacco		12,623		210,730
Egyptian Financial Group-Hermes Holding (a)		96,932		121,504
Egyptian Kuwait Holding Co.		122,438		111,419
ElSwedy Electric Co.		18,774		86,432
Ezz Steel (a)		49,715		109,181
Global Telecom Holding GDR (a)		95,711		320,632
Juhayna Food Industries		71,333		161,072
Maridive & Oil Services SAE (a)		36,670		36,670
Palm Hills Developments SAE (a)		94,586		35,664
Sidi Kerir Petrochemicals Co.		55,201		136,562
Six of October Development & Investment Co. (a)		23,167		75,384
Talaat Moustafa Group (a)		258,735		230,117
Telecom Egypt		90,026		190,195
				2,595,328
MOROCCO — 2.7%
Attijariwafa Bank		17,650		659,542
Banque Centrale Populaire		14,734		349,301
Banque Marocaine du Commerce Exterieur		13,916		348,663
Banque Marocaine pour le Commerce et l’Industrie SA		1,775		171,800
Douja Promotion Groupe Addoha SA		15,064		103,169
Maroc Telecom		18,892		222,202
				1,854,677
SOUTH AFRICA — 93.7%
Acucap Properties, Ltd.		21,784		90,703
Adcock Ingram Holdings, Ltd.		34,692		234,841
Adcorp Holdings, Ltd.		11,249		34,906
AECI, Ltd.		29,752		355,078
Afgri, Ltd.		78,347		48,996
African Bank Investments, Ltd. (b)		286,809		329,972
African Oxygen, Ltd.		21,230		44,593
African Rainbow Minerals, Ltd.		19,620		354,045
Allied Electronics Corp., Ltd. Preference Shares		43,665		100,098
Anglo Platinum, Ltd. (a)(b)		10,066		378,575
AngloGold Ashanti, Ltd.		73,870		866,939
Aquarius Platinum, Ltd. (a)		75,499		49,393
ArcelorMittal South Africa, Ltd. (a)		27,170		96,760
Aspen Pharmacare Holdings, Ltd.		60,091		1,541,726
Assore, Ltd.		9,724		316,228
Astral Foods, Ltd. (b)		8,613		85,524
Aveng, Ltd. (a)		79,530		200,766
AVI, Ltd.		52,963		290,156
Barclays Africa Group, Ltd. (b)		65,445		826,361
Barloworld, Ltd.		45,711		436,478
Bidvest Group, Ltd.		56,477		1,447,008
Blue Label Telecoms, Ltd.		51,459		41,762
Brait SE (a)(b)		77,508		388,067
Business Connexion Group, Ltd.		59,973		31,436
Capital Property Fund		357,144		363,154
Capitec Bank Holdings, Ltd.		1,855		36,887
Cashbuild, Ltd.		2,817		41,689
City Lodge Hotels, Ltd.		5,280		70,375
Clicks Group, Ltd. (b)		58,243		349,166
Clover Industries, Ltd.		21,537		37,424
Coronation Fund Managers, Ltd.		43,627		333,063
DataTec, Ltd.		53,614		265,107
Discovery Holdings, Ltd.		73,032		589,207
DRDGOLD, Ltd.		96,918		34,608
Emira Property Fund		45,523		62,153
EOH Holdings, Ltd.		5,595		43,002
Eqstra Holdings, Ltd.		78,847		60,224
Exxaro Resources, Ltd. (b)		34,371		480,628
Famous Brands, Ltd.		8,815		80,594
FirstRand, Ltd.		492,259		1,686,805
Fountainhead Property Trust		325,279		229,819
Gold Fields, Ltd.		148,810		467,298
Grindrod, Ltd.		100,356		268,574
Group Five, Ltd.		21,896		84,751
Growthpoint Properties, Ltd.		261,875		607,072
Harmony Gold Mining Co., Ltd.		75,890		187,664
Hosken Consolidated Investments, Ltd.		9,273		123,950
Hudaco Industries, Ltd.		4,968		49,804
Hyprop Investments, Ltd.		44,176		322,660
Illovo Sugar, Ltd.		40,236		106,989
Impala Platinum Holdings, Ltd.		103,081		1,210,547
Imperial Holdings, Ltd.		38,276		740,432
Investec, Ltd.		35,129		249,873
JD Group, Ltd. (b)		29,304		81,166
JSE, Ltd. (b)		15,615		133,776
Kumba Iron Ore, Ltd. (b)		15,121		640,211
Lewis Group, Ltd. (b)		17,726		119,993
Liberty Holdings, Ltd.		21,947		254,804
Life Healthcare Group Holdings, Ltd. (b)		173,522		693,508
Massmart Holdings, Ltd. (b)		18,813		233,507
Medi-Clinic Corp., Ltd.		71,067		515,679
Merafe Resources, Ltd. (a)		329,657		25,809
MMI Holdings, Ltd.		239,531		578,602
Mondi, Ltd.		26,164		448,900
Mpact, Ltd.		36,104		92,727
Mr. Price Group, Ltd.		51,264		801,429
MTN Group, Ltd.		308,164		6,385,273
Murray & Roberts Holdings, Ltd. (a)		84,733		216,894
Nampak, Ltd. (b)		118,978		465,745
Naspers, Ltd.		81,704		8,549,794
Nedbank Group, Ltd. (b)		44,664		895,519
Netcare, Ltd.		258,604		642,451
Northam Platinum, Ltd. (a)		69,673		279,390
Oceana Group, Ltd.		6,369		49,864
Omnia Holdings, Ltd.		9,946		191,774
Pick n Pay Stores, Ltd. (b)		61,591		305,787
Pick’ n Pay Holdings, Ltd.		47,899		102,898
Pioneer Foods, Ltd.		18,224		159,729
PPC, Ltd. (b)		113,581		340,513
PSG Group, Ltd.		9,620		78,714
Raubex Group, Ltd.		27,094		56,264
Redefine Properties, Ltd.		526,253		489,386
Remgro, Ltd.		97,777		1,940,090
Resilient Property Income Fund, Ltd.		46,455		246,163
Reunert, Ltd. (b)		35,327		231,044
RMB Holdings, Ltd.		130,404		601,984
RMI Holdings		151,251		396,404
SA Corporate Real Estate Fund		385,215		146,749

46

SPDR S&P Emerging Middle East & Africa ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Sanlam, Ltd.		379,191	$	1,927,498
Santam, Ltd.		1,985		35,304
Sappi, Ltd. (a)		111,089		347,360
Sasol, Ltd.		101,003		4,961,551
Shoprite Holdings, Ltd.		71,365		1,117,447
Sibanye Gold, Ltd.		162,501		190,835
Standard Bank Group, Ltd. (b)		262,555		3,244,289
Steinhoff International Holdings, Ltd. (b)		306,404		1,320,254
Sun International, Ltd.		16,549		150,578
Super Group, Ltd. (a)		59,142		147,661
Telkom SA, Ltd. (a)		43,488		116,259
The Foschini Group, Ltd. (b)		38,619		353,051
The Spar Group, Ltd.		33,931		426,140
Tiger Brands, Ltd. (b)		35,499		904,714
Times Media Group, Ltd. (a)		2,723		5,460
Tongaat Hulett, Ltd.		17,503		190,007
Trencor, Ltd.		19,128		126,013
Truworths International, Ltd. (b)		88,568		649,097
Tsogo Sun Holdings, Ltd.		41,400		105,143
Vodacom Group, Ltd. (b)		53,622		680,914
Wilson Bayly Holmes-Ovcon, Ltd.		16,263		226,700
Woolworths Holdings, Ltd.		151,763		1,081,667
				63,474,412
TOTAL COMMON STOCKS —
(Cost $75,040,406)				67,924,417
SHORT TERM INVESTMENTS — 11.0%
UNITED STATES — 11.0%
MONEY MARKET FUNDS — 11.0%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		6,427,575		6,427,575
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		1,057,624		1,057,624
TOTAL SHORT TERM INVESTMENTS —
(Cost $7,485,199)				7,485,199
TOTAL INVESTMENTS — 111.2%
(Cost $82,525,605)				75,409,616
OTHER ASSETS & LIABILITIES — (11.2)%				(7,625,649	)
NET ASSETS — 100.0%			$	67,783,967

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

GDR = Global Depositary Receipt

47

SPDR S&P Emerging Middle East & Africa ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Media		12.6	%
Wireless Telecommunication Services		10.9
Commercial Banks		10.8
Oil, Gas & Consumable Fuels		8.0
Metals & Mining		7.7
Diversified Financial Services		7.1
Insurance		5.7
Food & Staples Retailing		3.6
Specialty Retail		3.3
Food Products		3.0
Industrial Conglomerates		2.7
Health Care Providers & Services		2.7
Real Estate Management & Development		2.6
Pharmaceuticals		2.6
Household Durables		1.9
Capital Markets		1.9
Real Estate Investment Trusts		1.7
Multiline Retail		1.6
Paper & Forest Products		1.2
Construction & Engineering		1.1
Distributors		1.1
Chemicals		1.1
Containers & Packaging		0.8
Trading Companies & Distributors		0.8
Diversified Telecommunication Services		0.8
Hotels, Restaurants & Leisure		0.6
Marine		0.6
Construction Materials		0.5
Electronic Equipment, Instruments & Components		0.4
Tobacco		0.3
Electrical Equipment		0.1
IT Services		0.1
Commercial Services & Supplies		0.1
Energy Equipment & Services		0.1
Professional Services		0.1
Textiles, Apparel & Luxury Goods		0.0	***
Short Term Investment		11.0
Other Assets & Liabilities		(11.2	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

*** Amount shown represents less than 0.05% of net assets.

48

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.5%
AUSTRALIA — 6.3%
Abacus Property Group		464,360	$	963,820
Alumina, Ltd. (a)(b)		349,026		348,165
Amcor, Ltd.		79,864		753,801
AMP, Ltd.		150,543		591,259
Ansell, Ltd.		35,526		656,961
APA Group (b)		84,877		455,611
Aristocrat Leisure, Ltd. (b)		131,958		553,683
Australia & New Zealand Banking Group, Ltd.		116,972		3,372,836
BHP Billiton, Ltd.		145,263		4,937,161
Billabong International, Ltd. (a)		92,697		41,880
BlueScope Steel, Ltd. (a)(b)		36,654		190,852
Brambles, Ltd.		124,487		1,019,056
Bunnings Warehouse Property Trust		169,056		331,229
Commonwealth Bank of Australia		77,638		5,403,895
Computershare, Ltd.		73,194		745,196
CSL, Ltd.		29,656		1,829,628
CSR, Ltd.		126,783		300,580
DUET Group		52,015		93,070
Envestra, Ltd.		543		554
Fortescue Metals Group, Ltd.		38,330		199,579
GWA International, Ltd.		171,342		466,005
Harvey Norman Holdings, Ltd. (b)		216,650		612,490
Hills Industries, Ltd.		140,836		219,238
Ingenia Communities Group		337,612		157,063
Insurance Australia Group, Ltd.		171,216		891,498
Lend Lease Group		100,896		1,005,570
Macquarie Group, Ltd.		24,120		1,186,183
National Australia Bank, Ltd.		94,610		2,948,109
Newcrest Mining, Ltd.		45,291		316,053
Origin Energy, Ltd.		86,131		1,084,193
Orora, Ltd. (a)		79,864		82,882
OZ Minerals, Ltd. (b)		43,940		123,829
Perpetual, Ltd.		19,570		844,950
QBE Insurance Group, Ltd.		57,554		592,658
Recall Holdings, Ltd. (a)		24,897		90,433
Rio Tinto, Ltd.		24,894		1,518,465
Santos, Ltd.		66,602		871,735
Shopping Centres Australasia Property Group (b)		16,644		23,006
Sonic Healthcare, Ltd.		66,962		993,267
Suncorp Group, Ltd.		114,032		1,336,445
Sydney Airport		261,274		888,245
Tatts Group, Ltd.		271,566		753,165
Toll Holdings, Ltd.		73,636		374,189
Treasury Wine Estates, Ltd.		47,650		205,477
Wesfarmers, Ltd.		73,570		2,898,685
Westfield Group		87,390		788,871
Westfield Retail Trust		74,413		197,724
Westpac Banking Corp.		131,793		3,817,879
Woodside Petroleum, Ltd.		39,757		1,383,618
Woolworths, Ltd.		85,897		2,601,295
WorleyParsons, Ltd.		21,428		318,231
				52,380,267
AUSTRIA — 0.2%
Erste Group Bank AG		15,257		532,522
OMV AG		15,164		726,945
Voestalpine AG		16,066		773,285
				2,032,752
BELGIUM — 1.1%
Ageas		20,013		853,505
Anheuser-Busch InBev NV		38,344		4,082,117
Bekaert NV		4,242		150,340
Delhaize Group		10,887		648,075
Gimv NV		13,069		684,140
KBC Groep NV		11,632		661,168
UCB SA		14,631		1,091,505
Umicore (b)		21,300		996,590
				9,167,440
CANADA — 8.6%
AGF Management, Ltd. (b)		28,703		358,484
Agnico-Eagle Mines, Ltd.		12,122		319,793
Agrium, Inc.		14,277		1,305,690
Air Canada (Class A) (a)		28,912		201,636
ARC Resources, Ltd. (b)		16,080		447,516
Bank of Montreal (b)		26,006		1,733,162
Bank of Nova Scotia (b)		51,630		3,228,029
Barrick Gold Corp.		51,963		915,038
BCE, Inc. (b)		11,814		511,477
Blackberry, Ltd. (a)		27,850		207,073
Bombardier, Inc. (Class B) (b)		127,762		554,337
Brookfield Asset Management, Inc. (Class A) (b)		31,293		1,214,021
Cameco Corp. (b)		34,217		709,781
Canadian Imperial Bank of Commerce (b)		19,163		1,636,204
Canadian National Railway Co.		59,674		3,401,278
Canadian Natural Resources, Ltd. (b)		65,375		2,211,367
Canadian Oil Sands, Ltd.		29,846		561,245
Canadian Pacific Railway, Ltd.		12,894		1,949,573
Canadian Western Bank (b)		36,336		1,322,117
Cenovus Energy, Inc. (b)		33,135		948,051
CGI Group, Inc. (Class A) (a)		23,989		802,418
Crescent Point Energy Corp. (b)		30,671		1,190,756
CT Real Estate Investment Trust		12,567		129,159
Eldorado Gold Corp.		28,449		161,456
Enbridge, Inc.		38,127		1,665,387
EnCana Corp. (b)		40,663		734,039
Fairfax Financial Holdings, Ltd.		1,841		734,858
First Quantum Minerals, Ltd.		37,682		678,808
Fortis, Inc. (b)		10,749		308,054
Gildan Activewear, Inc.		21,585		1,150,049
Goldcorp, Inc.		43,243		937,712
HealthLease Properties REIT		26,258		241,944
Husky Energy, Inc. (b)		29,811		945,535
IAMGOLD Corp.		36,395		120,917
Imperial Oil, Ltd. (b)		25,964		1,149,503
Intact Financial Corp.		6,076		396,698
Kinross Gold Corp.		47,288		206,954
Magna International, Inc. (Class A)		24,397		1,999,980
Manulife Financial Corp.		89,547		1,766,499
National Bank of Canada		8,065		670,932
New Gold, Inc. (a)		25,750		134,748
Nordion, Inc. (a)		47,568		403,824
Pacific Rubiales Energy Corp.		15,055		259,867
Pembina Pipeline Corp. (b)		13,265		467,178
Penn West Petroleum, Ltd. (b)		22,006		183,711

49

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Potash Corp. of Saskatchewan, Inc.		46,165	$	1,521,598
Power Corp. of Canada (b)		16,080		483,535
Power Financial Corp. (b)		13,397		453,922
Redknee Solutions, Inc. (a)		20,535		124,080
Richelieu Hardware, Ltd.		23,937		987,218
Rogers Communications, Inc. (Class B) (b)		32,429		1,467,164
Royal Bank of Canada (b)		68,499		4,603,777
Russel Metals, Inc. (b)		31,386		927,253
Shaw Communications, Inc. (Class B) (b)		35,116		854,352
Sherritt International Corp. (b)		70,174		244,371
Shoppers Drug Mart Corp. (b)		11,814		647,018
Silver Wheaton Corp.		17,190		347,036
Sirius XM Canada Holdings, Inc.		309		2,879
SNC-Lavalin Group, Inc.		8,574		385,648
Sun Life Financial, Inc. (b)		33,290		1,175,568
Suncor Energy, Inc.		90,216		3,162,018
Talisman Energy, Inc.		74,168		862,094
Teck Resources, Ltd. (Class B) (b)		34,591		900,180
TELUS Corp.		32,102		1,104,611
The Toronto-Dominion Bank		42,391		3,994,130
Thomson Reuters Corp. (b)		18,266		690,584
Tim Hortons, Inc.		9,125		532,385
TMX Group, Ltd. (b)		2,112		101,436
TransCanada Corp. (b)		38,200		1,745,156
Turquoise Hill Resources, Ltd. (a)(b)		20,957		69,232
Valeant Pharmaceuticals International, Inc. (a)		14,509		1,701,752
Yamana Gold, Inc.		57,914		499,287
Yellow Media, Ltd. (a)		8,274		160,107
				70,925,249
CHINA — 0.3%
Chong Hing Bank, Ltd.		6,000		26,852
Dah Sing Banking Group, Ltd.		190,327		334,813
Dah Sing Financial Holdings, Ltd.		62,085		355,915
Hongkong Land Holdings, Ltd.		145,000		855,500
Sino Land Co., Ltd. (b)		323,559		442,331
Transport International Holdings, Ltd.		280,800		601,165
				2,616,576
DENMARK — 1.4%
A P Moller — Maersk A/S		142		1,543,507
Danske Bank A/S (a)		43,168		991,873
DSV A/S		39,376		1,293,115
FLSmidth & Co. A/S (b)		10,111		552,976
GN Store Nord A/S		44,626		1,097,908
Novo Nordisk A/S (Class B)		23,987		4,403,886
SimCorp A/S		23,603		930,762
Vestas Wind Systems A/S (a)		13,802		408,393
				11,222,420
FINLAND — 1.2%
Amer Sports Oyj (Class A)		5,805		120,945
Caverion Corp. (a)		19,040		233,502
Elisa Oyj (b)		23,892		634,077
Fortum Oyj		19,336		443,090
Kemira Oyj		31,667		530,608
Kesko Oyj (Class B) (b)		3,234		119,429
Kone Oyj (Class B) (b)		6,403		289,395
Konecranes Oyj (b)		2,967		105,725
Lassila & Tikanoja Oyj		31,859		668,598
Metso Oyj (b)		11,862		507,029
Neste Oil Oyj (b)		15,912		315,076
Nokia Oyj (a)		170,593		1,368,099
Pohjola Bank PLC		39,259		790,897
Sampo Oyj (Class A)		26,247		1,291,887
Sanoma Oyj		26,418		232,431
Stockmann Oyj Abp (Class B) (b)		16,924		257,457
Stora Enso Oyj		51,489		517,575
Tikkurila Oyj		7,923		217,258
UPM-Kymmene Oyj (b)		29,789		504,066
Wartsila Oyj (b)		10,529		518,967
YIT Oyj (b)		23,285		325,989
				9,992,100
FRANCE — 7.6%
Accor SA		14,648		692,318
Air Liquide SA		12,827		1,816,986
Alcatel-Lucent (a)(b)		170,945		767,434
Alstom SA		13,238		482,938
AXA SA		86,148		2,399,080
BNP Paribas		43,985		3,433,506
Bourbon SA (b)		13,956		384,613
Bouygues SA (b)		16,213		612,582
Cap Gemini SA		12,257		829,782
Carrefour SA		35,108		1,393,743
Casino Guichard-Perrachon SA		6,982		805,938
CGG (a)		19,296		334,489
Compagnie de Saint-Gobain		27,350		1,506,535
Compagnie Generale des Etablissements Michelin		12,431		1,323,238
Credit Agricole SA (a)		17,211		220,676
Danone		34,518		2,488,552
Edenred		14,648		491,082
EDF SA		13,172		466,192
Essilor International SA		17,607		1,874,933
France Telecom SA		89,557		1,110,645
GDF Suez		69,960		1,647,981
Groupe Fnac (a)		588		19,316
Hermes International		3,808		1,382,646
Hi-Media SA (a)		100,674		259,413
Kering		5,819		1,232,010
L’Oreal SA		4,228		743,976
Lafarge SA		10,044		753,872
Lagardere SCA		13,328		496,231
LVMH Moet Hennessy Louis Vuitton SA		10,696		1,954,331
Nexans SA		7,283		369,561
Pernod Ricard SA		13,524		1,543,197
Peugeot SA (a)(b)		16,836		218,954
Publicis Groupe SA		17,431		1,597,506
Renault SA		11,744		945,875
Sanofi		51,602		5,483,614
Schneider Electric SA		28,983		2,532,013
Sechilienne-Sidec SA		16,387		380,481
Societe de la Tour Eiffel		4,695		314,222
Societe Generale		31,840		1,852,357
Sodexo		9,941		1,008,735
Technip SA		7,764		747,390
Total SA		108,117		6,634,069
Unibail-Rodamco SE		4,182		1,073,281
Valeo SA		12,518		1,387,351

50

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Vallourec SA		9,228	$	503,542
Veolia Environnement SA		34,906		570,210
Vinci SA		28,778		1,892,319
Vivendi SA		54,134		1,428,846
				62,408,561
GERMANY — 7.6%
Adidas AG		16,628		2,122,618
Allianz SE		22,446		4,031,654
BASF SE		43,637		4,659,441
Bayer AG		40,122		5,636,417
Bayerische Motoren Werke AG		18,875		2,216,470
Bilfinger SE		8,984		1,009,301
Commerzbank AG (a)		31,762		512,505
Daimler AG		51,489		4,462,707
Deutsche Bank AG		44,169		2,110,412
Deutsche Boerse AG		11,683		969,135
Deutsche Post AG		51,117		1,866,571
Deutsche Telekom AG		144,881		2,481,509
E.ON AG		87,160		1,611,169
Fresenius Medical Care AG & Co. KGaA		14,938		1,064,800
Fresenius SE		10,085		1,550,863
GEA Group AG		26,302		1,254,002
Henkel AG & Co. KGaA Preference Shares		8,498		987,254
Hochtief AG (b)		7,436		635,894
Infineon Technologies AG		100,634		1,076,068
K+S AG (b)		11,453		353,115
Lanxess AG (b)		3,961		264,579
Linde AG		7,787		1,631,511
MAN SE		4,062		499,553
Merck KGaA		6,933		1,244,320
Muenchener Rueckversicherungs- Gesellschaft AG		11,193		2,470,056
OSRAM Licht AG (a)		3,410		192,651
Porsche Automobil Holding SE Preference Shares		11,244		1,172,251
Puma AG Rudolf Dassler Sport		1,700		550,491
Rheinmetall AG		1,847		114,134
RWE AG		23,258		852,646
Salzgitter AG (b)		4,405		188,166
SAP AG		47,458		4,074,745
Siemens AG		39,586		5,416,022
ThyssenKrupp AG (a)		22,307		543,754
Volkswagen AG		1,658		449,846
Volkswagen AG Preference Shares		7,273		2,045,956
Wincor Nixdorf AG		9,621		667,768
				62,990,354
GREECE — 0.1%
Hellenic Exchanges SA		17,327		191,006
Hellenic Telecommunications Organization SA ADR (a)(b)		92,642		602,173
National Bank of Greece SA ADR (b)		639		3,578
Terna Energy SA (a)		27,502		145,143
				941,900
HONG KONG — 2.4%
AIA Group, Ltd.		421,000		2,112,126
APT Satellite Holdings, Ltd.		100,000		118,652
Bank of East Asia, Ltd. (b)		234,180		992,141
Bloomage Biotechnology Corp., Ltd.		52,500		116,460
China Water Industry Group, Ltd. (a)		760,000		175,451
CLP Holdings, Ltd.		138,500		1,094,960
Esprit Holdings, Ltd. (a)(b)		196,119		377,884
Galaxy Entertainment Group, Ltd. (a)		97,000		870,076
Hang Lung Group, Ltd.		146,000		737,179
Hang Lung Properties, Ltd.		278,000		878,414
HC International, Inc. (a)		102,000		135,233
Hong Kong Exchanges and Clearing, Ltd.		87,811		1,464,319
Hopewell Holdings		146,500		495,970
Hutchison Whampoa, Ltd.		105,000		1,427,309
Hysan Development Co., Ltd.		251,841		1,084,828
Li & Fung, Ltd. (b)		568,000		732,549
New World Development Co., Ltd. (b)		736,880		930,396
Pacific Basin Shipping, Ltd.		712,000		509,637
Sands China, Ltd.		110,000		898,726
Sun Hung Kai Properties, Ltd. (b)		137,233		1,740,689
Swire Pacific, Ltd.		75,000		879,252
The Link REIT		104,351		506,026
Wheelock & Co., Ltd.		192,000		882,773
Wing Hang Bank, Ltd.		47,124		711,076
				19,872,126
IRELAND — 0.6%
Bank of Ireland (a)		607,995		211,122
CRH PLC		46,794		1,179,980
DCC PLC		17,098		840,777
Grafton Group PLC		67,256		720,711
Green REIT PLC (a)		90,295		179,416
Irish Bank Resolution Corp., Ltd. (a)(c)		5,635		0
Kingspan Group PLC		37,540		672,467
Ryanair Holdings PLC (a)		20,285		175,117
UDG Healthcare PLC (d)		87,298		468,463
UDG Healthcare PLC (d)		48,073		257,972
				4,706,025
ISRAEL — 0.5%
Evogene, Ltd. (a)		7,226		141,876
Mazor Robotics, Ltd. (a)		13,097		126,404
Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.		8,320		454,951
Reit 1 Ltd.		64,936		158,701
Shufersal, Ltd.		99,875		384,135
Strauss Group, Ltd.		32,952		630,560
Teva Pharmaceutical Industries, Ltd. ADR		51,990		2,083,759
				3,980,386
ITALY — 1.8%
Aeroporto di Venezia Marco Polo SpA		7,003		119,947
Assicurazioni Generali SpA		24,062		566,971
Atlantia SpA (b)		34,609		777,815
Banca IFIS SpA		8,267		147,520
Banca Piccolo Credito Valtellinese Scarl (a)		64,955		122,263
Banca Popolare dell’Etruria e del Lazio (a)		20,954		14,841
Banca Popolare di Milano Scarl (a)		263,397		163,326
Banco Popolare Societa Cooperativa (a)		150,244		288,598

51

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Cairo Communication SpA		21,849	$	179,286
Davide Campari-Milano SpA (b)		161,309		1,351,436
Enel SpA		189,544		828,992
ENI SpA		112,528		2,711,963
Falck Renewables SpA (a)		277,118		494,884
Fiat SpA (a)(b)		57,178		468,397
Finmeccanica SpA (a)		33,277		252,426
Immobiliare Grande Distribuzione		206,075		245,626
Intesa Sanpaolo SpA		514,370		1,271,544
Iren SpA		127,954		196,238
Pirelli & C. SpA		71,462		1,238,766
Poltrona Frau SpA (a)		43,468		140,757
Reply SpA		1,660		130,153
Saipem SpA		18,095		387,973
Societa Cattolica di Assicurazioni Scrl		19,577		528,732
Telecom Italia SpA		552,784		549,192
UniCredit SpA		222,877		1,652,269
Yoox SpA (a)		3,080		138,357
				14,968,272
JAPAN — 19.8%
Advantest Corp. (b)		27,900		346,942
Adways, Inc. (a)		1,300		36,178
Aeon Co., Ltd.		56,620		767,647
Aoyama Trading Co., Ltd.		37,600		1,017,048
Asahi Breweries, Ltd. (b)		55,936		1,577,416
Asahi Kasei Corp.		141,550		1,109,721
Astellas Pharma, Inc.		28,310		1,678,049
Atom Corp. (b)		45,500		229,004
Bridgestone Corp. (b)		42,465		1,608,018
C&G Systems, Inc.		1,200		8,837
Canon, Inc. (b)		56,416		1,787,406
Casio Computer Co., Ltd. (b)		71,000		869,388
Central Japan Railway Co.		14,200		1,672,575
Chubu Electric Power Co., Inc.		42,465		549,069
Chugai Pharmaceutical Co., Ltd. (b)		28,580		632,211
Chuo Mitsui Trust Holdings, Inc.		295,550		1,557,820
COLOPL, Inc. (a)(b)		2,000		56,325
Colowide Co., Ltd. (b)		67,000		673,793
COOKPAD, Inc. (b)		2,100		65,634
Credit Saison Co., Ltd.		42,800		1,126,348
CROOZ, Inc. (b)		300		11,788
CyberAgent, Inc.		2,900		118,091
D.Western Therapeutics Institute, Inc. (a)		1,000		8,544
Daiichi Sankyo Co., Ltd.		42,465		776,939
Daiken Medical Co., Ltd.		5,800		96,736
Daikin Industries, Ltd.		26,310		1,639,603
Daito Trust Construction Co., Ltd.		12,055		1,127,450
Daiwa Securities Group, Inc.		141,550		1,414,086
DeNA Co., Ltd. (b)		10,000		210,456
Denso Corp.		28,310		1,494,891
Digital Garage, Inc.		800		20,802
East Japan Railway Co.		14,300		1,140,136
Eisai Co., Ltd.		14,251		552,522
Euglena Co., Ltd. (a)(b)		5,000		67,456
F@N Communications, Inc.		8,400		250,150
FANUC Corp.		12,755		2,336,081
Fast Retailing Co., Ltd.		1,700		701,965
Financial Products Group Co., Ltd. (b)		4,000		40,112
Foster Electric Co., Ltd.		15,800		291,482
Fuji Heavy Industries, Ltd.		9,600		275,382
FUJIFILM Holdings Corp.		28,310		802,931
Fujitsu, Ltd. (a)		145,513		753,143
Fukuoka Financial Group, Inc.		141,550		620,851
Furukawa Electric Co., Ltd. (b)		140,550		353,030
GLP J-Reit		155		151,601
GMO Internet, Inc.		3,500		45,954
GNI Group, Ltd. (a)(b)		3,000		13,330
GungHo Online Entertainment, Inc. (a)(b)		16,300		117,398
Gurunavi, Inc.		3,000		89,197
Hankyu Hanshin Holdings, Inc.		142,513		770,157
Hankyu REIT, Inc.		32		166,538
Heiwa Real Estate REIT, Inc. (b)		407		313,658
Hitachi, Ltd.		278,475		2,108,997
Honda Motor Co., Ltd. (b)		70,375		2,899,232
Hoya Corp.		41,806		1,162,239
Hulic Co., Ltd.		14,800		218,962
Ibiden Co., Ltd.		14,600		273,095
Ichigo Group Holdings Co., Ltd.		5,700		21,259
Ichigo Real Estate Investment Corp. (b)		561		344,270
Ikyu Corp.		19		26,953
Industrial & Infrastructure Fund Investment Corp. (b)		20		166,881
Infomart Corp.		14,900		265,664
Iriso Electronics Co., Ltd.		2,200		101,308
Isuzu Motors, Ltd.		148,000		920,908
ITOCHU Corp.		141,550		1,749,426
Japan Airport Terminal Co., Ltd. (b)		400		9,050
Japan Digital Laboratory Co., Ltd.		61,120		857,151
Japan Exchange Group, Inc.		13,800		392,448
Japan Hotel REIT Investment Corp.		979		469,451
Japan Tissue Engineering Co., Ltd. (a)		11		44,218
Japan Tobacco, Inc.		56,000		1,822,178
JFE Holdings, Inc.		28,310		673,913
JSR Corp.		28,400		550,139
Justsystems Corp. (a)		2,900		29,854
JX Holdings, Inc.		259,400		1,335,192
Kajima Corp.		176,475		663,219
Kakaku.com, Inc.		11,900		209,118
Kao Corp.		23,500		740,069
KDDI Corp.		28,400		1,748,233
Kenedix Realty Investment Corp.		42		199,600
Kenedix, Inc. (a)		13,500		69,488
Keyence Corp.		2,000		856,287
Kinki Nippon Tourist Co., Ltd. (a)		169,000		281,385
Kintetsu Corp. (b)		277,101		972,839
Kirin Holdings Co., Ltd. (b)		7,000		100,766
Komatsu, Ltd.		56,320		1,145,101
Konica Minolta Holdings, Inc.		70,775		706,370
Kubota Corp.		94,550		1,564,364
Kurita Water Industries, Ltd. (b)		14,910		309,534
Kyocera Corp.		28,300		1,413,586
Kyodo Shiryo Co., Ltd.		240,000		255,744
Kyoritsu Maintenance Co., Ltd. (b)		12,100		435,165
Leopalace21 Corp. (a)		1,600		8,464
Livesense, Inc. (a)		3,000		73,840
Marubeni Corp.		143,550		1,032,527
Matsuya Co., Ltd. (a)		26,200		279,935
Medipal Holdings Corp.		42,999		567,838
Meiko Network Japan Co., Ltd.		26,100		279,363

52

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
MID Reit, Inc.		115	$	256,686
Milbon Co., Ltd.		12,180		477,443
MISUMI Group, Inc.		42,657		1,341,339
Mitsubishi Corp.		84,338		1,618,474
Mitsubishi Electric Corp.		141,550		1,777,708
Mitsubishi Estate Co., Ltd.		50,925		1,523,801
Mitsubishi Heavy Industries, Ltd.		263,101		1,629,597
Mitsubishi Motors Corp. (a)(b)		42,300		454,371
Mitsubishi UFJ Financial Group, Inc.		549,924		3,631,105
Mitsui & Co., Ltd.		126,526		1,763,575
Mitsui Chemicals, Inc.		141,550		342,074
Mitsui Fudosan Co., Ltd.		33,000		1,188,383
Mitsui OSK Lines, Ltd.		138,550		624,829
Mizuho Financial Group, Inc.		1,095,000		2,375,339
MS&AD Insurance Group Holdings, Inc.		28,599		767,864
Murata Manufacturing Co., Ltd.		14,200		1,261,862
NGK Insulators, Ltd.		3,000		57,029
Nidec Corp. (b)		12,100		1,185,767
Nikon Corp.		28,000		535,198
Nintendo Co., Ltd.		2,800		373,227
Nippon Steel Corp.		458,101		1,534,195
Nippon Suisan Kaisha, Ltd. (a)(b)		226,600		515,269
Nippon Telegraph & Telephone Corp.		14,500		780,838
Nippon Yusen K.K. (b)		141,550		452,507
Nissan Motor Co., Ltd.		113,141		951,588
Nissei ASB Machine Co., Ltd.		4,300		106,370
Nitto Denko Corp.		13,600		573,864
NKSJ Holdings, Inc.		29,000		806,774
Nomura Holdings, Inc.		183,285		1,410,757
NTT Data Corp.		14,300		527,891
NTT DoCoMo, Inc.		98,500		1,616,598
Obayashi Corp.		141,550		806,702
Olympus Corp. (a)		15,000		475,239
Omron Corp.		5,100		225,389
Ono Pharmaceutical Co., Ltd.		3,100		271,643
ORIX Corp.		56,500		992,869
Panasonic Corp.		113,450		1,321,182
Pigeon Corp.		3,100		150,421
Rakuten, Inc.		25,000		372,009
Raysum Co., Ltd. (a)		33		52,841
Resona Holdings, Inc.		42,500		216,736
Ringer Hut Co., Ltd. (b)		29,200		412,559
Riso Kyoiku Co., Ltd. (b)		45,706		225,693
Rohm Co., Ltd.		14,200		691,727
Rohto Pharmaceutical Co., Ltd.		7,701		117,598
Sanrio Co., Ltd. (b)		3,900		164,193
Secom Co., Ltd.		14,348		865,480
Seiko Epson Corp.		9,500		255,340
Sekisui House SI Investment Co. (b)		33		160,754
Septeni Holdings Co., Ltd.		1,800		22,315
Seven & I Holdings Co., Ltd.		56,128		2,232,197
Sharp Corp. (a)		8,000		25,422
Shimizu Corp.		142,513		719,989
Shin-Etsu Chemical Co., Ltd.		28,117		1,642,533
SMS Co., Ltd.		3,900		83,970
Softbank Corp.		48,736		4,265,936
Sony Corp. (b)		56,320		978,453
Stanley Electric Co., Ltd.		27,873		638,582
Start Today Co., Ltd.		2,700		67,073
Starts Proceed Investment Corp.		51		85,400
Sumitomo Chemical Co., Ltd.		141,550		554,860
Sumitomo Corp.		84,775		1,065,485
Sumitomo Electric Industries, Ltd.		56,320		939,872
Sumitomo Metal Mining Co., Ltd.		5,000		65,506
Sumitomo Mitsui Financial Group, Inc.		64,100		3,305,475
Sumitomo Realty & Development Co., Ltd.		21,000		1,044,955
Sun Corp.		3,000		37,962
Sun Frontier Fudousan Co., Ltd.		9,000		143,428
T&D Holdings, Inc.		42,700		596,797
Taisei Corp.		135,438		615,949
Taiyo Yuden Co., Ltd. (b)		29,000		378,279
Takeda Pharmaceutical Co., Ltd.		42,465		1,949,418
Takeuchi Manufacturing Co., Ltd.		26,300		590,784
TDK Corp.		14,155		678,761
Teijin, Ltd.		145,550		324,045
Terumo Corp.		14,348		692,111
The Akita Bank, Ltd. (b)		141,550		383,823
The Aomori Bank, Ltd. (b)		283,101		735,327
The Awa Bank, Ltd.		141,550		709,736
The Bank of Iwate, Ltd.		14,155		711,083
The Bank of Okinawa, Ltd. (b)		14,155		562,268
The Bank of Yokohama, Ltd.		141,550		789,195
The Chiba Bank, Ltd.		137,550		927,862
The Dai-ichi Life Insurance Co., Ltd.		26,800		448,005
The Daisan Bank, Ltd.		424,651		719,165
The Daishi Bank, Ltd.		278,176		960,733
The Eighteenth Bank, Ltd.		279,251		634,993
The Higo Bank, Ltd.		141,550		777,074
The Hokkoku Bank, Ltd. (b)		141,550		507,724
The Hyakugo Bank, Ltd.		141,550		566,981
The Kansai Electric Power Co., Inc. (a)		52,400		602,746
The Kiyo Bank, Ltd. (a)		37,600		501,906
The Musashino Bank, Ltd.		14,155		474,729
The Nanto Bank, Ltd.		139,550		521,794
The Ogaki Kyoritsu Bank, Ltd.		141,550		389,210
The San-In Godo Bank, Ltd. (b)		136,550		979,579
The Shiga Bank, Ltd.		141,550		743,405
The Shikoku Bank, Ltd. (b)		278,101		624,441
The Toho Bank, Ltd.		283,101		883,470
The Tokyo Electric Power Co., Inc. (a)(b)		56,975		280,254
The Yamagata Bank, Ltd.		149,176		614,559
The Yamanashi Chuo Bank, Ltd.		141,550		616,811
Tohoku Electric Power Co., Inc. (a)		44,600		501,991
Tokio Marine Holdings, Inc.		42,465		1,420,146
Tokyo Dome Corp.		127,000		839,779
Tokyo Electron, Ltd.		14,155		775,727
Tokyo Gas Co., Ltd.		143,475		707,103
Tokyu Corp.		141,550		917,136
Toray Industries, Inc.		141,550		980,433
Toshiba Corp.		276,513		1,162,825
Toyota Motor Corp.		137,988		8,428,552
Ubiquitous Corp. (a)		1,000		19,247
Unihair Co., Ltd.		17,600		194,746
UNITED, Inc.		900		27,059
Usen Corp. (a)		68,690		275,139
USS Co., Ltd.		96,610		1,327,290
ValueCommerce Co., Ltd.		4,400		54,129

53

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Warabeya Nichiyo Co., Ltd.		14,400	$	260,996
Yahoo! Japan Corp.		48,200		268,275
Yamada Denki Co., Ltd. (b)		98,980		323,953
Zenrin Co., Ltd.		27,100		264,283
				163,899,448
LUXEMBOURG — 0.2%
ArcelorMittal		35,145		628,112
Millicom International Cellular SA		6,602		656,041
Tenaris SA (b)		9,518		208,271
Ternium SA ADR		1,454		45,510
				1,537,934
NETHERLANDS — 2.8%
Aegon NV		114,384		1,081,557
Akzo Nobel NV		17,565		1,363,636
ASML Holding NV		23,728		2,224,635
CNH Industrial NV (a)		42,953		490,365
European Aeronautic Defence and Space Co. NV		28,303		2,176,596
Fugro NV		9,886		590,055
Heineken NV		18,056		1,221,123
ING Groep NV (a)		194,628		2,708,694
Koninklijke (Royal) KPN NV (a)		197,299		636,987
Koninklijke Ahold NV		81,585		1,467,081
Koninklijke DSM NV		17,291		1,361,901
Koninklijke Philips NV		66,719		2,449,619
PostNL NV (a)		33,950		194,143
SBM Offshore NV (a)		22,963		468,299
TNT Express NV		29,317		272,601
Unilever NV		89,193		3,597,998
Wolters Kluwer NV		29,001		829,010
				23,134,300
NEW ZEALAND — 0.1%
Fisher & Paykel Healthcare Corp., Ltd.		242,192		767,444
Xero, Ltd. (a)		4,621		122,847
				890,291
NORWAY — 0.8%
Algeta ASA (a)		2,128		125,852
DnB NOR ASA		71,599		1,280,482
DNO International ASA (a)		34,326		136,923
Norsk Hydro ASA		86,786		387,235
Opera Software ASA		11,962		163,552
Orkla ASA		83,155		648,589
StatoilHydro ASA		58,665		1,421,455
Storebrand ASA (a)		60,764		379,597
Telenor ASA		48,289		1,150,942
Yara International ASA		21,444		922,535
				6,617,162
PORTUGAL — 0.3%
EDP — Energias de Portugal SA		147,824		543,863
Mota — Engil SGPS SA		75,076		447,218
Portugal Telecom SGPS SA (b)		72,722		316,655
ZON OPTIMUS SGPS SA		113,392		843,742
				2,151,478
SINGAPORE — 1.3%
Ascendas REIT		560,000		975,764
CapitaLand, Ltd.		280,000		671,947
China New Town Development Co., Ltd. (a)		1,711,000		157,196
City Developments, Ltd. (b)		142,000		1,079,677
Cosco Corp. Singapore, Ltd. (b)		571,000		341,442
Croesus Retail Trust (a)		250,000		175,234
Flextronics International, Ltd. (a)		102,617		797,334
Genting Singapore PLC (b)		568,400		673,022
HanKore Environment Tech Group, Ltd (a)		2,059,000		176,122
ISDN Holdings, Ltd.		296,000		140,662
Keppel Corp., Ltd.		147,975		1,311,453
Keppel REIT		34,313		32,204
Lippo Malls Indonesia Retail Trust		841,000		276,426
Oxley Holdings, Ltd.		317,000		143,110
Saizen REIT		312,000		228,576
SembCorp Industries, Ltd.		290,000		1,260,969
Singapore Exchange, Ltd.		140,000		805,006
Sino Grandness Food Industry Group, Ltd. (a)		204,000		117,139
Soilbuild Business Space REIT		204,000		124,410
UOL Group, Ltd.		225,000		1,103,081
Wilmar International, Ltd.		139,000		376,509
				10,967,283
SOUTH KOREA — 3.9%
Bioland, Ltd.		19,785		210,908
Celltrion, Inc. (a)		3,506		127,403
Cellumed Co., Ltd. (a)		52,902		152,889
CJ CGV Co., Ltd. (a)		13,717		565,395
Cosmochemical Co., Ltd. (a)(b)		13,260		90,088
Credu Corp. (a)		7,198		308,286
Crown Confectionery Co., Ltd. (a)		1,550		402,426
Dae Han Flour Mills Co., Ltd. (a)		1,979		287,844
Digitech Systems Co., Ltd. (a)(b)		19,368		95,798
Dongwon F&B Co., Ltd. (a)		1,031		128,954
Dongwon Industries Co., Ltd. (a)		1,401		420,161
Dongyang Mechatronics Corp. (a)		17,410		185,590
Genic Co., Ltd. (a)		6,230		127,510
GS Home Shopping, Inc. (a)		2,304		670,449
Haansoft, Inc. (a)		27,849		535,685
Haesung Industrial Co., Ltd. (a)		3,156		166,570
Hana Tour Service, Inc.		6,203		380,285
Hankook Shell Oil Co., Ltd.		418		185,562
Hanssem Co., Ltd. (a)		3,660		174,443
Harim Co., Ltd. (a)(b)		85,581		371,809
Hotel Shilla Co., Ltd.		5,770		363,581
Huons Co., Ltd. (a)		4,200		159,189
Hyundai Elevator Co., Ltd. (a)		1,713		77,587
Hyundai Engineering Plastics Co., Ltd. (a)		66,650		401,030
Hyundai Heavy Industries Co., Ltd. (a)		915		222,822
Hyundai Hy Communications & Networks Co., Ltd. (a)		76,100		373,523
Hyundai Mobis (a)		2,329		647,711
Hyundai Securities Co., Ltd. (b)		124,440		689,794
INFINITT Co., Ltd. (a)		16,950		115,158
Infraware, Inc. (a)		11,660		120,981
Interpark Corp. (a)		39,471		398,319
JoyCity Corp. (a)		6,977		134,205
Kia Motors Corp.		6,970		370,509
KIWOOM Securities Co., Ltd.		17,117		819,073
Koh Young Technology, Inc. (a)(b)		8,921		236,265
Korea Electric Power Corp. ADR		51,749		859,551
KT Corp. ADR		60,684		902,371

54

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
KT&G Corp.		4,789	$	338,068
Ktis Corp. (a)		27,920		134,659
LG Chem, Ltd. (a)		951		269,886
LG Display Co., Ltd. ADR (b)		81,985		995,298
LG Electronics, Inc. (a)(b)		5,614		362,262
LG Household & Health Care, Ltd.		445		231,070
Lotte Samkang Co., Ltd. (a)		543		383,833
Medy-Tox, Inc.		788		126,785
Modetour Network, Inc. (a)		15,541		337,960
Muhak Co., Ltd. (a)		10,287		187,152
NAVER Corp. (a)		1,423		976,218
NCSoft Corp. (a)		743		174,952
NHN Entertainment Corp. (a)		450		41,105
Ottogi Corp. (a)		348		131,240
POSCO ADR		32,644		2,546,232
Sajo Industries Co., Ltd. (a)(b)		6,786		187,116
Samchuly Bicycle Co., Ltd. (a)		7,038		129,043
Samsung Electronics Co., Ltd. GDR		13,197		8,617,641
Shine Co., Ltd. (a)		20,249		175,177
Shinhan Financial Group Co., Ltd. (a)		8,530		382,308
Shinsegae Food Co., Ltd. (a)(b)		2,989		242,156
SK Hynix, Inc. (a)		17,740		618,593
SK Innovation Co., Ltd. (a)		5,388		722,416
SK Telecom Co., Ltd. ADR (b)		50,693		1,248,062
SNU Precision Co., Ltd. (a)		12,341		127,462
Wave Electronics Co., Ltd. (a)		1,672		24,715
				32,191,133
SPAIN — 2.6%
Abertis Infraestructuras SA (b)		18,336		408,047
Acciona SA (b)		4,524		260,356
Acerinox SA (b)		27,520		350,657
ACS, Actividades de Construccion y Servicios SA		16,760		577,823
Atresmedia Corp. de Medios de Comunicaion SA (a)		9,890		163,808
Banco Bilbao Vizcaya Argentaria SA		185,342		2,285,247
Banco de Sabadell SA		100,222		261,839
Banco Popular Espanol SA (a)		40,365		243,898
Banco Santander SA		398,240		3,570,198
Bankia SA (a)		129,351		219,947
Bankinter SA		35,509		244,012
Criteria Caixacorp SA		26,648		139,094
Distribuidora Internacional de Alimentacion SA		33,222		297,559
Ebro Puleva SA		4,465		104,809
Enagas SA		41,607		1,089,028
Faes Farma SA		116,340		423,220
Ferrovial SA		43,383		840,800
Gamesa Corp. Tecnologica SA (a)		32,908		343,719
Gestevision Telecinco SA (a)		41,454		479,192
Iberdrola SA		257,255		1,643,035
Indra Sistemas SA		32,046		536,738
Industria de Diseno Textil SA		6,803		1,123,028
Let’s GOWEX SA		8,853		159,197
NH Hoteles SA (a)		92,608		546,805
Red Electrica Corporacion SA (b)		18,152		1,213,108
Repsol YPF SA		49,306		1,244,682
Sacyr SA (a)		21,130		109,680
Telefonica SA		146,394		2,387,398
Zeltia SA (a)		45,718		145,523
				21,412,447
SWEDEN — 2.7%
Alfa Laval AB		48,367		1,242,574
Assa Abloy AB (Class B)		41,545		2,198,018
Atlas Copco AB (Class B)		91,483		2,324,608
Boliden AB		32,570		499,255
CDON Group AB (a)		57,024		280,565
Electrolux AB		31,289		820,882
Eniro AB (a)		23,033		177,842
Hennes & Mauritz AB (Class B)		44,144		2,035,850
Investor AB		16,076		553,922
Kinnevik Investment AB (Class B)		34,208		1,586,673
Net Entertainment NE AB (Class B) (a)		10,253		216,311
Nordea Bank AB		108,609		1,465,290
Opus Group AB		57,654		131,509
Orexo AB (a)		4,775		121,929
Sandvik AB		66,630		940,949
Scania AB (Class B)		40,324		790,457
Securitas AB (Class B)		59,397		632,109
Skanska AB (Class B)		50,330		1,029,702
Tele2 AB		40,119		455,060
Telefonaktiebolaget LM Ericsson (Class B)		179,212		2,190,412
TeliaSonera AB		109,700		914,651
Volvo AB (Class A)		97,376		1,281,144
				21,889,712
SWITZERLAND — 7.4%
ABB, Ltd. (a)		117,768		3,109,229
Adecco SA (a)		12,969		1,029,529
Cie Financiere Richemont SA		16,756		1,673,057
Clariant AG (a)		44,709		819,929
Coca-Cola HBC AG (a)		1,965		57,345
Credit Suisse Group AG (a)		55,088		1,689,155
Geberit AG		4,255		1,294,178
Glencore Xstrata PLC (a)		369,017		1,911,172
Holcim, Ltd. (a)		15,345		1,151,716
Julius Baer Group, Ltd. (a)		14,253		686,567
Kuehne & Nagel International AG		5,778		760,785
Leonteq AG (a)		1,006		121,034
Lonza Group AG (a)		7,221		686,902
Nestle SA		146,338		10,744,782
Nobel Biocare Holding AG (a)(b)		18,293		285,908
Novartis AG		127,411		10,200,330
PSP Swiss Property AG (a)		13,821		1,173,313
Roche Holding AG		37,181		10,418,289
SGS SA		562		1,296,704
STMicroelectronics NV		35,348		281,287
Sulzer AG		4,196		678,928
Swiss Life Holding AG (a)		3,674		765,081
Syngenta AG		6,001		2,396,756
The Swatch Group AG		3,263		2,162,859
UBS AG (a)		177,896		3,384,495
Zurich Insurance Group AG (a)		7,351		2,136,654
				60,915,984
UNITED KINGDOM — 17.9%
3i Group PLC		89,620		571,616
AMEC PLC		47,409		854,310

55

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Anglo American PLC		70,173	$	1,534,156
ARM Holdings PLC		31,139		566,798
AstraZeneca PLC		58,599		3,469,214
Aviva PLC		146,357		1,090,089
BAE Systems PLC		188,862		1,360,691
Balfour Beatty PLC		130,999		622,478
Barclays PLC		715,365		3,222,125
Barratt Developments PLC		80,318		464,263
BG Group PLC		175,269		3,766,501
BHP Billiton PLC		108,181		3,348,774
BP PLC		919,415		7,431,928
British American Tobacco PLC		84,028		4,506,366
British Land Co. PLC		72,929		759,760
British Sky Broadcasting Group PLC		86,936		1,215,256
BT Group PLC		407,389		2,559,954
Burberry Group PLC		23,693		594,901
Cable & Wireless Communications PLC		195,195		181,851
Cairn Energy PLC (a)		18,889		84,407
Capita Group PLC		40,239		691,783
Carnival PLC		15,595		645,988
Centrica PLC		261,194		1,504,158
Compass Group PLC		149,651		2,399,278
Diageo PLC		117,243		3,883,672
easyJet PLC		6,680		169,939
Experian PLC		47,848		882,825
FirstGroup PLC		149,323		305,683
G4S PLC		156,486		680,347
GlaxoSmithKline PLC		238,407		6,363,190
Hays PLC		298,857		642,486
HSBC Holdings PLC		885,204		9,711,566
ICAP PLC		68,910		515,421
Imperial Tobacco Group PLC		55,967		2,167,216
Informa PLC		99,087		941,187
Intercontinental Hotels Group PLC		48,271		1,609,369
Invensys PLC		76,045		640,453
J Sainsbury PLC		105,530		637,961
Kingfisher PLC		200,339		1,276,478
Land Securities Group PLC		55,916		892,305
Legal & General Group PLC		415,634		1,533,052
Lloyds Banking Group PLC (a)		1,720,533		2,247,789
Lonmin PLC (a)		14,510		74,139
Man Group PLC		118,022		166,153
Marks & Spencer Group PLC		124,089		889,089
Mondi PLC		49,089		850,436
National Grid PLC		217,291		2,835,917
Next PLC		19,903		1,796,556
Ocado Group PLC (a)		17,094		125,025
Old Mutual PLC		322,729		1,010,776
Pearson PLC		61,667		1,369,642
Persimmon PLC (a)		40,186		824,654
Prudential PLC		142,611		3,165,071
Randgold Resources, Ltd.		8,914		559,548
Reckitt Benckiser Group PLC		38,320		3,041,995
Rentokil Initial PLC		297,442		570,475
Resolution, Ltd.		99,150		581,328
Rio Tinto PLC		68,581		3,872,756
Rolls-Royce Holdings PLC (a)		121,501		2,565,758
Royal Bank of Scotland Group PLC (a)		101,176		566,563
Royal Dutch Shell PLC (Class A)		187,789		6,727,478
Royal Dutch Shell PLC (Class B)		102,275		3,862,157
RSA Insurance Group PLC		278,210		421,157
SABMiller PLC		51,147		2,626,924
Scottish & Southern Energy PLC		54,223		1,230,353
Serco Group PLC		69,522		574,807
Shire PLC		39,823		1,881,088
Smith & Nephew PLC		89,676		1,278,807
Smiths Group PLC		42,143		1,033,030
Standard Chartered PLC		90,707		2,043,174
Standard Life PLC		193,188		1,150,603
Tate & Lyle PLC		76,596		1,026,314
Tesco PLC		406,511		2,251,123
The Sage Group PLC		146,695		980,843
Thomas Cook Group PLC (a)		45,887		127,072
Tullow Oil PLC		64,403		912,006
Unilever PLC		77,203		3,173,668
Vodafone Group PLC		2,348,028		9,216,737
William Hill PLC		61,590		409,972
William Morrison Supermarkets PLC		188,366		814,270
Wolseley PLC		15,550		882,097
WPP PLC		85,077		1,944,540
Xaar PLC		7,603		141,036
				148,122,721
UNITED STATES — 0.0% (e)
Lululemon Athletica, Inc. (a)(b)		3,746		221,126
TOTAL COMMON STOCKS —
(Cost $693,183,357)				822,155,447
PREFERRED STOCKS — 0.3%
SOUTH KOREA — 0.3%
Hyundai Motor Co., Ltd. (Cost $1,466,412)		19,400		2,398,920
RIGHTS — 0.0% (e)
CANADA — 0.0% (e)
Turquoise Hill Resources, Ltd. (expiring 1/7/14) (a)		20,513		19,306
SPAIN — 0.0% (e)
Faes Farma SA (expiring 1/10/14) (a)		115,518		6,685
Repsol SA (expiring 1/9/14) (a)(b)		48,261		32,985
				39,670
TOTAL RIGHTS —
(Cost $81,935)				58,976
SHORT TERM INVESTMENTS — 4.4%
UNITED STATES — 4.4%
MONEY MARKET FUNDS — 4.4%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		28,596,756		28,596,756
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		7,892,004		7,892,004
TOTAL SHORT TERM INVESTMENTS —
(Cost $36,488,760)				36,488,760
TOTAL INVESTMENTS — 104.2%
(Cost $731,220,464)				861,102,103
OTHER ASSETS & LIABILITIES — (4.2)%				(34,586,890	)
NET ASSETS — 100.0%			$	826,515,213

56

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(d)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(e)	Amount shown represents less than 0.05% of net assets.
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SCA = Societe en Commandite par Actions

57

SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		12.8	%
Pharmaceuticals		7.3
Oil, Gas & Consumable Fuels		7.3
Insurance		5.2
Metals & Mining		3.7
Automobiles		3.5
Chemicals		3.3
Food Products		3.3
Wireless Telecommunication Services		2.6
Machinery		2.6
Food & Staples Retailing		2.4
Real Estate Management & Development		2.2
Diversified Telecommunication Services		2.2
Capital Markets		2.1
Hotels, Restaurants & Leisure		2.1
Beverages		2.0
Industrial Conglomerates		2.0
Semiconductors & Semiconductor Equipment		1.8
Textiles, Apparel & Luxury Goods		1.8
Media		1.6
Road & Rail		1.5
Auto Components		1.5
Construction & Engineering		1.5
Trading Companies & Distributors		1.4
Electronic Equipment, Instruments & Components		1.4
Electric Utilities		1.4
Electrical Equipment		1.3
Diversified Financial Services		1.3
Multi-Utilities		1.1
Building Products		1.1
Tobacco		1.0
Software		0.9
Commercial Services & Supplies		0.9
Real Estate Investment Trusts		0.8
Specialty Retail		0.8
Health Care Equipment & Supplies		0.8
Aerospace & Defense		0.8
Household Durables		0.8
Health Care Providers & Services		0.6
Communications Equipment		0.6
Professional Services		0.6
IT Services		0.6
Marine		0.6
Household Products		0.5
Energy Equipment & Services		0.4
Multiline Retail		0.4
Construction Materials		0.4
Air Freight & Logistics		0.3
Personal Products		0.3
Office Electronics		0.3
Gas Utilities		0.3
Transportation Infrastructure		0.3
Paper & Forest Products		0.3
Biotechnology		0.2
Internet & Catalog Retail		0.2
Computers & Peripherals		0.2
Internet Software & Services		0.1
Consumer Finance		0.1
Independent Power Producers & Energy Traders		0.1
Containers & Packaging		0.1
Leisure Equipment & Products		0.1
Life Sciences Tools & Services		0.1
Diversified Consumer Services		0.0	***
Airlines		0.0	***
Water Utilities		0.0	***
Health Care Technology		0.0	***
Short Term Investment		4.4
Other Assets & Liabilities		(4.2	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

**	Each security is valued based on Level 1 inputs except for Irish Bank Resolution Corp., Ltd., which was Level 2 and part of the Commercial Banks Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)
***	Amount shown represents less than 0.05% of net assets.

58

SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.9%
AUSTRALIA — 6.0%
Adelaide Brighton, Ltd.		762,233	$	1,986,806
ARB Corp., Ltd.		3,550		37,191
Aristocrat Leisure, Ltd.		294,775		1,236,848
Arrium, Ltd.		656,476		1,027,803
Atlas Iron, Ltd.		463,430		476,799
Aurora Oil & Gas, Ltd. (a)		252,681		682,704
Ausenco, Ltd.		141,639		79,832
Australand Property Group		26,430		91,036
Automotive Holdings Group, Ltd.		13,380		45,248
Aveo Group (b)		185,562		341,987
AWE, Ltd. (a)		871,032		1,040,323
Beach Energy, Ltd.		1,169,859		1,496,658
Beadell Resources, Ltd. (a)		412,089		291,253
Boart Longyear Group (b)		274,141		94,425
Bradken, Ltd. (b)		90,386		487,609
Breville Group, Ltd.		8,140		65,032
BWP Trust		38,790		76,001
Cardno, Ltd.		12,820		79,139
carsales.com, Ltd.		153,219		1,396,818
Charter Hall Group		17,830		58,223
Charter Hall Retail REIT (b)		207,483		666,392
Coalspur Mines, Ltd. (a)(b)		266,818		54,903
Cromwell Property Group		139,680		121,841
Crowe Horwath Australasia, Ltd.		954,853		294,719
CSR, Ltd.		317,299		752,259
David Jones, Ltd. (b)		291,383		787,271
Domino’s Pizza Enterprises, Ltd.		7,160		103,580
Downer EDI, Ltd.		226,531		984,956
DuluxGroup, Ltd.		206,588		990,656
Echo Entertainment Group, Ltd.		85,370		187,886
Energy World Corp., Ltd. (a)		553,048		188,018
Envestra, Ltd.		67,550		68,894
Evolution Mining, Ltd.		270,684		148,933
Fairfax Media, Ltd. (b)		1,037,970		594,316
Fleetwood Corp., Ltd. (b)		174,479		496,390
FlexiGroup, Ltd.		38,450		153,765
G8 Education, Ltd.		41,100		116,194
Goodman Fielder, Ltd.		1,692,475		1,037,208
GWA International, Ltd.		28,560		77,676
iiNET, Ltd.		29,830		173,735
Independence Group NL		131,817		366,762
Infigen Energy (a)(b)		947,263		220,342
Investa Office Fund		368,027		1,030,569
Invocare, Ltd.		337,019		3,328,714
IOOF Holdings, Ltd.		377,709		3,027,738
Iress, Ltd.		14,970		126,429
JB Hi-Fi, Ltd. (b)		168,415		3,239,457
Karoon Gas Australia, Ltd. (a)		127,234		494,022
Kingsgate Consolidated, Ltd.		88,350		73,509
Lynas Corp., Ltd. (a)(b)		791,719		208,952
M2 Telecommunications Group, Ltd.		28,040		157,289
Macquarie Atlas Roads Group		29,370		72,259
Macquarie Leisure Trust Group (b)		43,150		77,594
McMillan Shakespeare, Ltd.		18,440		194,834
Medusa Mining, Ltd. (a)		100,720		183,823
Mermaid Marine Australia, Ltd.		18,050		54,905
Mesoblast, Ltd. (a)(b)		114,331		598,374
Mineral Resources, Ltd.		81,987		870,660
Monadelphous Group, Ltd. (b)		117,044		1,947,669
Mount Gibson Iron, Ltd.		520,731		472,860
Myer Holdings, Ltd. (b)		310,625		764,227
Nufarm, Ltd. (b)		119,684		470,060
Oakton, Ltd.		256,037		366,501
OZ Minerals, Ltd. (b)		78,010		219,844
Pacific Brands, Ltd.		1,233,020		705,997
Paladin Energy, Ltd. (a)(b)		533,140		221,793
PanAust, Ltd.		258,228		416,998
Perpetual, Ltd.		22,369		965,799
Perseus Mining, Ltd. (a)		278,384		61,019
Platinum Australia, Ltd. (a)(c)		610,876		0
Premier Investments, Ltd.		12,990		95,296
Programmed Maintenance Services, Ltd.		257,230		805,458
Qube Holdings, Ltd.		59,360		109,930
Regis Resources, Ltd.		68,370		178,608
Resolute Mining, Ltd. (a)		359,082		178,295
Roc Oil Co., Ltd. (a)		1,019,272		446,827
SAI Global, Ltd. (b)		393,042		1,364,343
Senex Energy, Ltd. (a)		594,537		393,608
Seven West Media, Ltd.		281,805		592,474
Shopping Centres Australasia Property Group		86,100		119,010
Sigma Pharmaceuticals, Ltd.		1,786,924		1,039,136
Silver Lake Resources, Ltd. (a)(b)		144,256		69,046
Sims Metal Management, Ltd. (a)		84,069		819,062
Sirtex Medical, Ltd.		10,120		106,202
Skilled Group, Ltd.		28,780		87,543
Slater & Gordon, Ltd.		15,610		67,593
Southern Cross Media Group, Ltd.		459,307		694,453
St Barbara, Ltd. (a)		297,208		69,133
STW Communications Group, Ltd.		794,715		1,062,932
Sundance Resources, Ltd. (a)(b)		1,256,815		106,819
Transfield Services, Ltd.		324,423		259,769
Transpacific Industries Group, Ltd. (a)		65,640		68,708
UGL, Ltd. (b)		78,640		514,297
Western Areas NL (b)		114,705		243,211
Whitehaven Coal, Ltd. (a)(b)		134,210		229,335
Wotif.com Holdings, Ltd.		17,840		44,211
				49,795,625
AUSTRIA — 0.7%
AMS AG		5,329		647,138
Atrium European Real Estate, Ltd. (a)		103,993		598,982
BWT AG (b)		35,064		736,825
CA Immobilien Anlagen AG (a)		8,100		143,759
Conwert Immobilien Invest SE (a)		6,930		89,084
Flughafen Wien AG		530		44,549
RHI AG (b)		1,740		54,079
Schoeller-Bleckmann Oilfield Equipment AG		18,257		2,026,666
Wienerberger AG (b)		68,805		1,092,683
				5,433,765
BELGIUM — 1.1%
Aedifica SA		670		47,574
AGFA-Gevaert NV (a)		200,596		486,484
Arseus NV		1,600		60,938
Barco NV		28,655		2,238,808
Befimmo SA		831		57,769
Bekaert NV		21,115		748,334
Cofinimmo		1,780		220,134

59

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
EVS Broadcast Equipment SA		20,044	$	1,297,846
KBC Ancora (a)		29,964		1,084,659
Mobistar SA		22,100		420,247
Nyrstar (a)(b)		83,267		265,044
RHJ International (a)		174,203		885,758
Tessenderlo Chemie NV (b)(d)		46,620		1,219,918
ThromboGenics NV (a)(b)		16,504		458,245
Viohalco SA (a)		7,250		37,063
				9,528,821
BERMUDA — 0.2%
Golden Ocean Group, Ltd.		365,978		877,114
Ship Finance International, Ltd. (b)		34,774		569,598
SmarTone Telecommunications Holding, Ltd. (b)		9,249		10,569
Trinity, Ltd. (b)		624,000		209,241
				1,666,522
CANADA — 9.8%
Advantage Oil & Gas, Ltd. (a)		135,174		586,496
Aecon Group, Inc.		11,580		175,362
AGF Management, Ltd. (Class B) (b)		11,570		144,502
Air Canada (Class A) (a)		14,660		102,241
Alacer Gold Corp.		117,124		239,209
Alaris Royalty Corp.		4,630		130,163
Algonquin Power & Utilities Corp. (b)		83,655		577,908
Allied Properties Real Estate Investment Trust		8,020		247,280
Argonaut Gold, Inc. (a)		68,265		341,807
Artis REIT		17,270		241,536
Asanko Gold, Inc. (a)		55,224		88,878
Atlantic Power Corp. (b)		61,898		216,133
ATS Automation Tooling Systems, Inc. (a)		16,960		217,088
AuRico Gold, Inc.		174,561		640,741
Avigilon Corp. (a)		5,400		156,282
B2Gold Corp. (a)		308,874		633,737
Badger Daylighting, Ltd.		1,550		124,365
Bankers Petroleum, Ltd. (a)(b)		154,442		635,211
Banro Corp. (a)		125,562		67,360
Bellatrix Exploration, Ltd. (a)		76,630		563,272
Birchcliff Energy, Ltd. (a)(b)		64,082		438,472
Black Diamond Group, Ltd. (b)		2,440		68,894
BlackPearl Resources, Inc. (a)(b)		170,704		364,704
Bonterra Energy Corp. (b)		2,680		136,585
Calfrac Well Services, Ltd.		20,889		609,467
Canadian Energy Services & Technology Corp. (b)		6,610		143,834
Canadian Solar, Inc. (a)(b)		17,340		517,079
Canexus Corp. (b)		26,610		179,320
Canyon Services Group, Inc.		12,920		146,163
Capital Power Corp. (b)		31,357		628,616
Capstone Mining Corp. (a)		210,525		594,423
Caracal Energy, Inc. (a)		28,810		210,907
CCL Industries, Inc.		11,787		878,839
Celestica, Inc. (a)		111,009		1,153,449
Centerra Gold, Inc.		76,202		309,828
Chartwell Retirement Residences		12,850		120,820
China Gold International Resources Corp., Ltd. (a)		127,036		322,821
Cogeco Cable, Inc.		8,773		396,168
Colossus Minerals, Inc. (a)(b)		77,014		5,074
Continental Gold, Ltd. (a)(b)		57,857		184,053
Copper Mountain Mining Corp. (a)(b)		70,568		111,580
Corus Entertainment, Inc. (Class B) (b)		155,646		3,767,732
Cott Corp.		76,576		616,212
Crew Energy, Inc. (a)		70,199		421,524
Davis & Henderson Corp. (b)		32,756		918,401
DeeThree Exploration, Ltd. (a)		12,410		111,778
Denison Mines Corp. (a)(b)		281,606		341,903
Detour Gold Corp. (a)		63,200		243,878
Dominion Diamond Corp. (a)		46,579		667,230
Dorel Industries, Inc.		15,013		571,695
Dream Unlimited Corp. (Class A) (a)		95,107		1,512,761
Dundee Corp. (Class A) (a)		95,113		1,673,094
Dundee Precious Metals, Inc. (a)		59,466		171,822
Element Financial Corp. (a)		46,800		616,659
Enbridge Income Fund Holdings, Inc.		3,820		85,029
Endeavour Mining Corp. (a)		232,092		104,851
Endeavour Silver Corp. (a)		62,351		225,344
Entertainment One, Ltd. (a)		38,840		166,740
First Majestic Silver Corp. (a)		52,400		514,383
FirstService Corp. (b)		58,677		2,526,563
Fortuna Silver Mines, Inc. (a)(b)		77,577		222,692
Freehold Royalties, Ltd. (b)		88,577		1,843,235
Gabriel Resources, Ltd. (a)		106,544		78,216
Genivar, Inc. (b)		3,250		96,475
GMP Capital, Inc. (b)		103,614		684,584
Golden Star Resources, Ltd. (a)(b)		338,314		159,207
Gran Tierra Energy, Inc. (a)		154,566		1,127,423
Granite Real Estate Investment Trust		25,025		910,557
Great Basin Gold, Ltd. (a)(c)		266,255		0
Great Canadian Gaming Corp. (a)		58,819		810,457
Guardian Capital Group, Ltd. (Class A) (b)		222,752		3,239,076
Home Capital Group, Inc. (b)		41,153		3,134,600
Horizon North Logistics, Inc. (b)		75,387		705,977
HudBay Minerals, Inc.		93,447		768,684
Imax Corp. (a)		26,896		790,806
Innergex Renewable Energy, Inc. (b)		58,367		582,297
International Forest Products, Ltd. (Class A) (a)		8,090		102,334
Intertape Polymer Group, Inc.		18,830		248,645
Ithaca Energy, Inc. (a)		162,151		407,476
Ivanhoe Mines, Ltd. (a)		26,830		47,221
Just Energy Group, Inc. (b)		80,504		575,840
Kelt Exploration, Ltd. (a)		21,108		186,744
Kirkland Lake Gold, Inc. (a)(b)		43,015		104,046
Labrador Iron Ore Royalty Corp.		3,430		110,922
Lake Shore Gold Corp. (a)(b)		252,022		115,041
Laurentian Bank of Canada		3,470		153,235
Legacy Oil + Gas, Inc. (a)		77,118		444,925
Lightstream Resources, Ltd. (b)		60,062		332,390
Linamar Corp.		64,862		2,697,649
Long Run Exploration, Ltd. (a)		10,770		54,433
MAG Silver Corp. (a)		52,946		274,073
Major Drilling Group International, Inc. (b)		101,758		736,488
Maple Leaf Foods, Inc. (b)		43,949		694,498
Martinrea International, Inc. (b)		104,002		763,497
Mullen Group, Ltd. (b)		43,465		1,161,385
Nevsun Resources, Ltd. (b)		110,299		366,452

60

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Newalta Corp.		2,430	$	39,841
Niko Resources, Ltd. (a)(b)		26,198		62,629
Norbord, Inc. (b)		5,600		178,462
Northern Dynasty Minerals, Ltd. (a)(b)		58,071		76,517
Northland Power, Inc. (b)		37,388		544,721
Novagold Resources, Inc. (a)		118,140		300,215
NuVista Energy, Ltd. (a)		104,205		700,258
OceanaGold Corp. (a)		162,683		251,106
Paladin Labs, Inc. (a)		680		75,821
Pan American Silver Corp.		66,880		781,158
Parkland Fuel Corp. (b)		46,161		802,441
Pason Systems, Inc. (b)		41,713		902,179
Poseidon Concepts Corp. (a)(c)		43,064		0
Premier Gold Mines, Ltd. (a)(b)		97,373		137,468
Pretium Resources, Inc. (a)(b)		42,950		221,521
Raging River Exploration, Inc. (a)		37,660		238,897
Rio Alto Mining, Ltd. (a)		107,866		179,692
RMP Energy, Inc. (a)		55,610		294,144
Romarco Minerals, Inc. (a)		309,812		109,345
RONA, Inc.		57,956		720,563
Rubicon Minerals Corp. (a)(b)		192,274		177,344
Russel Metals, Inc. (b)		88,006		2,600,008
Sabina Gold & Silver Corp. (a)(b)		84,078		57,766
Savanna Energy Services Corp. (b)		112,310		898,480
Seabridge Gold, Inc. (a)(b)		24,135		174,453
Secure Energy Services, Inc. (b)		55,569		924,145
SEMAFO, Inc. (b)		141,210		370,801
Sherritt International Corp. (b)		162,182		564,775
Silver Standard Resources, Inc. (a)(b)		47,068		326,486
Silvercorp Metals, Inc. (b)		105,388		242,020
Southern Pacific Resource Corp. (a)(b)		308,945		53,793
Stantec, Inc. (b)		43,736		2,711,014
Stella-Jones, Inc.		2,920		74,889
Sunshine Oilsands, Ltd. (a)(b)		952,000		208,725
Superior Plus Corp. (b)		60,579		704,142
Surge Energy, Inc. (b)		59,740		379,525
Tanzanian Royalty Exploration Corp. (a)(b)		87,323		152,045
The Descartes Systems Group, Inc. (a)		3,700		49,484
The North West Co., Inc.		29,222		707,929
Thompson Creek Metals Co., Inc. (a)(b)		97,031		211,870
TORC Oil & Gas, Ltd.		33,440		332,354
Torex Gold Resources, Inc. (a)		311,059		275,196
Toromont Industries, Ltd.		5,860		146,983
Transcontinental, Inc. (b)		41,290		568,150
TransForce, Inc. (b)		47,784		1,136,022
TransGlobe Energy Corp. (a)		52,542		439,127
Trican Well Service, Ltd.		75,691		924,677
Trinidad Drilling, Ltd.		75,691		701,700
Uni-Select, Inc.		90,142		2,437,440
Wajax Corp. (b)		1,670		57,338
Westport Innovations, Inc. (a)		24,364		476,732
Westshore Terminals Investment Corp.		30,761		1,002,012
Whitecap Resources, Inc. (b)		68,256		812,005
Wi-Lan, Inc. (b)		89,591		299,339
				81,455,593
CHINA — 1.4%
Allied Properties HK, Ltd.		5,072,791		883,220
Cafe de Coral Holdings, Ltd.		855,867		2,759,526
China Sandi Holdings, Ltd. (a)		103		7
Chow Sang Sang Holding International, Ltd.		256,939		732,336
Daphne International Holdings, Ltd. (b)		580,000		261,061
G-Resources Group, Ltd. (a)(b)		13,610,400		328,247
HKR International, Ltd.		2,795,979		1,298,149
K Wah International Holdings, Ltd.		2,893,517		1,753,930
Midland Holdings, Ltd. (b)		805,790		387,631
Road King Infrastructure, Ltd.		1,246,544		1,192,888
Shun Tak Holdings, Ltd.		1,318,749		775,560
Texwinca Holdings, Ltd. (b)		948,050		997,722
				11,370,277
DENMARK — 1.1%
ALK-Abello A/S		320		36,290
Amagerbanken A/S (a)(c)		308,573		0
Bang & Olufsen A/S (a)(b)		34,519		292,010
D/S Norden A/S		15,408		811,082
East Asiatic Co., Ltd. A/S (a)		37,459		550,043
Genmab A/S (a)		42,090		1,648,119
IC Companys A/S		27,692		800,465
Matas A/S (a)		2,750		76,190
NKT Holding A/S		11,685		577,549
Pandora A/S		234		12,707
Rockwool International A/S (Class B)		670		118,801
Royal UNIBREW		760		103,315
SimCorp A/S		86,566		3,413,650
Spar Nord Bank A/S (a)		6,010		54,615
Sydbank A/S (a)		30,707		816,721
Vestas Wind Systems A/S (a)		824		24,382
				9,335,939
FINLAND — 1.8%
Amer Sports Oyj (Class A)		143,235		2,984,243
Caverion Corp. (a)		11,670		143,118
Citycon Oyj		437,207		1,542,270
Cramo Oyj		77,449		1,639,232
HKScan Oyj		132,436		686,163
Konecranes Oyj (b)		19,664		700,703
Lassila & Tikanoja Oyj		85,566		1,795,703
Outokumpu Oyj (a)(b)		529,265		296,606
PKC Group Oyj		2,090		69,665
Poyry Oyj (a)		90,367		507,050
Raisio PLC (Class V)		9,580		57,687
Ramirent Oyj		5,080		64,050
Rautaruukki Oyj		14,430		134,017
Sanoma Oyj		11,430		100,564
Talvivaara Mining Co. PLC (a)		607,278		63,680
Tieto Oyj		74,336		1,683,970
Tikkurila Oyj		2,600		71,295
Vacon Oyj		30,752		2,478,920
YIT Oyj (b)		19,240		269,359
				15,288,295
FRANCE — 2.3%
Alten SA		3,240		147,330
Altran Technologies SA (a)		20,800		182,687
Beneteau SA (a)		2,870		53,665
Carbone Lorraine SA		40,307		1,399,078
Club Mediterranee SA (a)		36,162		867,032

61

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Etablissements Maurel et Prom		43,306	$	725,331
GameLoft SE (a)(b)		14,960		168,830
GL Events SA		33,859		813,680
Groupe Steria SCA (b)		37,527		737,906
IPSOS		45,710		1,960,127
Jacquet Metal Service		41,601		746,933
LISI		240		35,650
Medica SA		4,030		105,398
Mercialys SA		4,360		91,620
Nexans SA		5,480		278,072
Rallye SA		2,870		120,520
Rubis		80,489		5,105,732
Saft Groupe SA		50,834		1,751,167
Sequana (a)(c)		5		0
Sequana SA (a)(b)		13,226		103,881
Societe d’Edition de Canal +		58,256		497,698
Societe de la Tour Eiffel		17,421		1,165,935
SOITEC (a)(b)		197,227		385,912
Technicolor SA (a)		134,186		711,871
UbiSoft Entertainment SA (a)		65,254		924,344
Virbac SA		320		68,479
				19,148,878
GERMANY — 3.5%
Aareal Bank AG (a)		24,908		987,958
Aixtron SE (a)		48,439		701,839
Alstria Office REIT-AG (a)		48,670		613,777
Aurelius AG		4,690		190,646
BayWa AG		2,350		122,274
Bechtle AG		740		50,439
Bertrandt AG		840		128,480
Biotest AG Preference Shares		360		37,701
Deutsche Euroshop AG		154		6,753
Deutz AG (a)		17,880		159,776
Dialog Semiconductor PLC (a)(b)		38,185		822,667
DIC Asset AG		78,550		724,112
DMG MORI SEIKI AG (b)		79,280		2,528,995
Draegerwerk AG & Co. KGaA Preference Shares		1,520		198,808
Drillisch AG		47,509		1,374,765
Duerr AG		110		9,823
Freenet AG (a)		464		13,925
Gerresheimer AG		25,452		1,782,688
Hamburger Hafen und Logistik AG		2,560		62,720
Heidelberger Druckmaschinen AG (a)(b)		68,080		241,563
Indus Holding AG		72,249		2,906,522
Jenoptik AG		152,019		2,587,010
Kloeckner & Co. SE (a)		58,457		801,641
Kontron AG		90,816		651,103
KUKA AG (b)		54,454		2,554,937
Leoni AG		46,080		3,449,733
MLP AG		66,854		480,045
Morphosys AG (a)		10,866		836,231
Nordex SE (a)		26,160		346,125
Norma Group SE		3,590		178,507
Patrizia Immobilien AG (a)		137,647		1,453,825
Pfeiffer Vacuum Technology AG		910		124,052
Rheinmetall AG		20,621		1,274,257
Sartorius AG Preference Shares		650		77,493
Stada Arzneimittel AG		270		13,366
TAG Immobilien AG (b)		54,073		654,196
TUI AG (a)(b)		798		13,168
Wincor Nixdorf AG		142		9,856
				29,171,776
GIBRALTAR — 0.1%
Bwin.Party Digital Entertainment PLC (b)		355,843		725,508
GREECE — 0.8%
Diana Shipping, Inc. (a)		92,589		1,230,508
DryShips, Inc. (a)		238,346		1,120,226
Ellaktor SA (a)		138,555		607,131
Eurobank Ergasias SA (a)		228		174
Folli Follie SA (a)		3,280		105,760
Hellenic Exchanges SA		95,786		1,055,906
JUMBO SA (a)		65,659		1,049,508
Marfin Investment Group SA (a)		473,671		248,677
Motor Oil Hellas Corinth Refineries SA		4,070		46,100
Navios Maritime Holdings, Inc.		38,840		433,454
Titan Cement Co. SA (a)		30,411		829,716
TT Hellenic Postbank SA (a)(c)		129,076		0
				6,727,160
HONG KONG — 0.7%
China Resources and Transportation Group, Ltd. (a)		1,600,000		70,160
Dah Sing Financial Holdings, Ltd.		32,400		185,740
Emperor Watch & Jewellery, Ltd. (b)		2,740,000		208,493
Giordano International, Ltd. (b)		1,914,000		1,710,659
Goldin Properties Holdings, Ltd. (a)		70,000		29,521
Luk Fook Holdings International, Ltd.		197,000		749,508
Mongolia Energy Co., Ltd. (a)		723		23
Pacific Basin Shipping, Ltd.		1,585,000		1,134,515
Pacific Textiles Holdings, Ltd.		36,000		55,065
Peace Mark (Holdings), Ltd. (a)(c)		504,228		0
Stella International Holdings, Ltd.		275,000		700,822
Truly International Holdings, Ltd. (b)		286,000		153,812
Yanchang Petroleum International, Ltd. (a)(b)		4,520,000		259,410
Yuexiu Real Estate Investment Trust		1,133,000		552,344
				5,810,072
IRAN — 0.0% (e)
Beazley PLC		26,430		119,023
Kentz Corp., Ltd.		16,700		174,807
				293,830
IRELAND — 0.8%
C&C Group PLC		293,447		1,718,509
FleetMatics Group PLC (a)(b)		16,070		695,028
Grafton Group PLC		22,500		241,108
Greencore Group PLC		136,900		505,631
Kenmare Resources PLC (a)		1,278,405		440,410
Kingspan Group PLC		128,350		2,299,178
UDG Healthcare PLC		117,598		631,060
				6,530,924
ISRAEL — 0.8%
Caesarstone Sdot-Yam, Ltd. (b)		7,890		391,896
Cellcom Israel, Ltd.		10,690		147,338
Clal Insurance Enterprise Holdings, Ltd.		21,439		417,044
Elbit Systems, Ltd.		15,070		910,452

62

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Harel Insurance Investments & Financial Services, Ltd.		9,580	$	55,697
Israel Discount Bank, Ltd. (Class A) (a)		456,701		871,955
Migdal Insurance & Financial Holding, Ltd.		255,479		450,824
NICE Systems, Ltd.		39,510		1,618,647
Osem Investments, Ltd.		36,874		900,869
Partner Communications Co., Ltd. (a)		17,230		158,848
Paz Oil Co., Ltd. (a)		610		99,698
SodaStream International, Ltd. (a)(b)		8,400		416,976
Strauss Group, Ltd.		3,220		61,617
				6,501,861
ITALY — 2.2%
A2A SpA (b)		6,670		7,817
Amplifon SpA (b)		245,976		1,368,650
Ansaldo STS SpA		65,401		707,436
Astaldi SpA		233,186		2,459,693
Banca Piccolo Credito Valtellinese Scarl (a)		24,300		45,739
Banca Popolare dell’Emilia Romagna Scrl (a)		1,410		13,484
Banca Popolare dell’Etruria e del Lazio (a)		48,815		34,574
Banca Popolare di Milano Scarl (a)		1,674,751		1,038,475
Banca Popolare di Sondrio Scrl		172,324		994,456
Brembo SpA		10,010		270,072
Brunello Cucinelli SpA		4,420		157,319
CIR-Compagnie Industriali Riunite SpA (a)		50,710		79,868
Danieli & C Officine Meccaniche SpA		4,000		89,567
EI Towers SpA		31,104		1,433,658
Esprinet SpA		102,093		755,446
Hera SpA		248,311		564,564
IMMSI SpA (a)		766,771		492,362
Interpump Group SpA		276,256		3,319,415
Iren SpA		60,150		92,250
Safilo Group SpA (a)		6,860		160,697
Saras SpA (a)		298,802		342,151
Sorin SpA (a)		717,094		2,049,360
Unipol Gruppo Finanziario SpA		1,406		8,416
Yoox SpA (a)		31,469		1,413,624
				17,899,093
JAPAN — 33.5%
3-D Matrix, Ltd. (a)(b)		8,300		256,648
Accordia Golf Co., Ltd.		38,700		488,237
Activia Properties, Inc.		82		646,763
Adastria Holdings Co., Ltd.		25,610		927,131
ADEKA Corp.		12,200		134,414
Aica Kogyo Co., Ltd.		6,900		136,484
Aichi Steel Corp.		32,000		132,439
Ain Pharmaciez, Inc.		7,400		363,998
Alps Electric Co., Ltd. (a)		189,136		2,150,397
Anritsu Corp.		64,500		710,019
AOKI Holdings, Inc.		9,800		170,070
Aoyama Trading Co., Ltd.		31,100		841,228
Arcs Co., Ltd.		25,100		481,200
Asahi Diamond Industrial Co., Ltd.		8,200		84,337
Asahi Holdings, Inc.		49,473		841,613
Asahi Intecc Co., Ltd.		2,800		104,562
Asatsu-DK, Inc. (b)		3,400		79,739
Autobacs Seven Co., Ltd.		43,000		670,539
Avex Group Holdings, Inc. (b)		19,800		425,746
Azbil Corp.		8,900		207,544
Bank of the Ryukyus, Ltd. (b)		147,900		1,936,258
Best Denki Co., Ltd. (a)(b)		248,769		364,497
Bic Camera, Inc. (b)		130		73,098
Calsonic Kansei Corp.		56,000		289,311
Capcom Co., Ltd. (b)		24,400		438,065
Central Glass Co., Ltd.		525,145		1,748,735
Chiyoda Co., Ltd.		19,400		373,954
Coca-Cola East Japan Co., Ltd.		7,500		155,987
Cocokara fine, Inc.		14,400		379,780
COLOPL, Inc. (a)(b)		15,500		436,516
COMSYS Holdings Corp.		221,450		3,480,666
Cosmo Oil Co., Ltd. (a)		340,000		650,207
CyberAgent, Inc.		23,200		944,731
Daibiru Corp.		5,600		68,571
Daifuku Co., Ltd.		129,000		1,649,550
Daihen Corp.		258,000		1,197,888
DAIICHI CHUO KISEN KAISHA (a)(b)		342,834		404,466
Daiichikosho Co., Ltd.		19,700		557,797
Daikyo, Inc. (b)		129,000		351,020
Dainippon Screen Manufacturing Co., Ltd. (a)		178,000		1,009,353
Daio Paper Corp.		7,000		70,130
Daiseki Co., Ltd.		5,700		111,608
Daiwa House REIT Investment Corp.		10		75,163
Daiwa Office Investment Corp. (b)		316		1,477,703
Daiwahouse Residential Investment Corp.		123		490,923
DCM Japan Holdings Co., Ltd.		179,333		1,245,546
Denki Kagaku Kogyo Kabushiki Kaisha		94,000		388,145
Digital Garage, Inc.		18,000		468,046
Disco Corp.		10,200		677,380
DMG Mori Seiki Co., Ltd.		23,600		424,825
Doutor Nichires Holdings Co., Ltd.		177,932		2,971,035
DTS Corp.		95,482		1,675,171
Duskin Co., Ltd.		6,400		121,418
Earth Chemical Co., Ltd.		800		28,162
EDION Corp. (b)		107,400		628,429
Enplas Corp.		5,300		364,074
Euglena Co., Ltd. (a)(b)		24,800		334,584
Exedy Corp.		5,200		152,134
Ezaki Glico Co., Ltd.		35,000		396,270
FCC Co., Ltd.		107,148		2,136,741
FP Corp. (b)		6,900		492,365
Fuji Machine Manufacturing Co., Ltd.		6,300		52,388
Fuji Oil Co., Ltd.		43,000		641,083
Fuji Seal International, Inc.		2,200		68,237
Fujikura, Ltd.		124,000		581,628
Fujitec Co., Ltd.		8,000		104,048
Fujitsu General, Ltd.		19,000		202,826
Fukuoka REIT Corp. (b)		316		2,561,553
Furukawa Co., Ltd.		764,387		1,512,702
Furukawa Electric Co., Ltd.		346,000		869,074
Fuyo General Lease Co., Ltd.		3,400		133,115
Glory, Ltd.		77,900		2,019,671
GLP J-Reit		720		704,210
GMO Internet, Inc.		30,800		404,396

63

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Gree, Inc. (b)		47,900	$	473,508
GS Yuasa Corp.		198,000		1,139,717
H2O Retailing Corp.		33,000		264,050
Hanwa Co., Ltd.		431,000		2,308,672
Haseko Corp. (a)		166,700		1,268,826
Heiwa Corp.		6,700		108,495
Heiwa Real Estate Co., Ltd.		70,300		1,221,329
Heiwado Co., Ltd.		2,700		38,661
HIS Co., Ltd.		8,300		414,585
Hitachi Kokusai Electric, Inc.		112,372		1,582,328
Hitachi Transport System, Ltd.		9,600		143,399
Hitachi Zosen Corp.		173,600		1,329,604
Hogy Medical Co., Ltd. (b)		2,300		121,231
Hokuetsu Kishu Paper Co., Ltd.		23,500		110,675
Horiba, Ltd. (b)		54,513		1,861,963
Hosiden Corp.		121,900		658,762
House Foods Group, Inc.		10,900		164,789
IBJ Leasing Co., Ltd.		13,700		398,207
Ichigo Real Estate Investment Corp.		120		73,641
Iida Group Holdings Co., Ltd. (a)		16,500		329,984
Iino Kaiun Kaisha, Ltd.		150,500		930,736
Inaba Denki Sangyo Co., Ltd.		3,000		93,621
Industrial & Infrastructure Fund Investment Corp. (b)		68		567,395
Internet Initiative Japan, Inc.		16,400		440,017
Iseki & Co., Ltd. (b)		56,000		167,299
IT Holdings Corp.		100,908		1,592,754
Iwatani Corp.		29,000		147,338
Izumiya Co., Ltd.		267,000		1,178,707
J Trust Co., Ltd. (b)		28,100		399,958
Jaccs Co., Ltd.		34,000		162,713
Jafco Co., Ltd.		14,000		761,905
Japan Airport Terminal Co., Ltd. (b)		102,200		2,312,274
Japan Aviation Electronics Industry, Ltd.		153,000		1,968,089
Japan Excellent, Inc.		1,320		1,548,509
Japan Hotel REIT Investment Corp.		670		321,279
Japan Logistics Fund, Inc.		264		2,800,628
Japan Securities Finance Co., Ltd.		26,500		205,989
Juki Corp. (a)		164,332		358,042
K’s Holdings Corp. (b)		22,600		653,670
Kadokawa Corp. (b)		11,900		404,196
Kagome Co., Ltd. (b)		17,700		289,822
Kaken Pharmaceutical Co., Ltd.		45,000		676,466
Kanamoto Co., Ltd.		14,000		356,044
Kandenko Co., Ltd.		25,000		141,049
Kanematsu Corp.		812,698		1,337,679
Katakura Industries Co., Ltd.		103,174		1,174,027
Kato Sangyo Co., Ltd.		2,500		45,669
Keihin Corp.		14,200		220,218
Kenedix Realty Investment Corp.		143		679,592
Kenedix, Inc. (a)(b)		104,000		535,312
Kintetsu World Express, Inc.		3,000		120,736
Kissei Pharmaceutical Co., Ltd.		3,800		93,567
Kitz Corp. (b)		181,800		913,281
Komeri Co., Ltd.		10,000		255,935
Komori Corp. (b)		111,936		1,905,271
Kose Corp.		5,600		177,955
Kurabo Industries, Ltd.		759,000		1,343,171
KYB Co., Ltd.		304,832		1,603,845
KYORIN Holdings, Inc.		30,800		660,220
Kyowa Exeo Corp.		144,600		1,912,316
Leopalace21 Corp. (a)		90,400		478,211
Lintec Corp.		11,500		213,139
Lion Corp. (b)		118,000		659,017
Mabuchi Motor Co., Ltd.		4,000		237,857
Maeda Corp.		31,000		205,280
Maeda Road Construction Co., Ltd.		15,000		246,468
Makino Milling Machine Co., Ltd. (b)		182,000		1,568,831
Mandom Corp.		2,500		79,207
Marudai Food Co., Ltd.		572,656		1,678,113
Maruha Nichiro Holdings, Inc.		818,485		1,425,077
Marusan Securities Co., Ltd. (b)		177,098		1,649,578
Matsumotokiyoshi Holdings Co., Ltd. (b)		10,200		356,643
Matsuya Co., Ltd. (a)		3,100		33,122
Megmilk Snow Brand Co., Ltd. (b)		5,600		70,596
Meidensha Corp.		114,000		425,175
Meitic Corp.		4,400		119,226
Minebea Co., Ltd.		164,000		1,199,905
Mirait Holdings Corp.		98,700		878,022
Mitsuba Corp.		18,900		307,313
Mitsubishi Shokuhin Co., Ltd. (b)		1,200		29,194
Mitsui Engineering & Shipbuilding Co., Ltd.		178,000		367,499
Mitsui Mining & Smelting Co., Ltd.		719,000		2,209,571
Mitsui-Soko Co., Ltd.		314,000		1,457,895
Mitsumi Electric Co., Ltd. (a)		56,800		473,941
Mizuno Corp. (b)		23,000		116,855
Mochida Pharmaceutical Co., Ltd.		900		53,518
Monex Group, Inc.		97,200		435,576
MonotaRO Co., Ltd. (b)		11,600		235,962
Mori Hills REIT Investment Corp.		97		644,175
Morinaga Milk Industry Co., Ltd.		27,000		80,148
MOS Food Services, Inc.		4,700		89,256
Moshi Moshi Hotline, Inc.		23,300		249,837
Musashi Seimitsu Industry Co., Ltd.		6,100		131,977
Nachi-Fujikoshi Corp.		30,000		169,259
Nagase & Co., Ltd.		8,100		98,182
Nakanishi, Inc.		8,383		1,200,363
Namura Shipbuilding Co., Ltd.		19,500		263,265
NanoCarrier Co., Ltd. (a)(b)		130		282,870
NEC Networks & System Integration Corp.		3,700		89,521
NET One Systems Co., Ltd. (b)		120,500		791,066
Neturen Co., Ltd.		191,303		1,574,398
Nichi-iko Pharmaceutical Co., Ltd. (b)		26,200		404,573
Nichias Corp.		12,000		82,204
Nichicon Corp.		12,100		117,195
Nichirei Corp.		159,000		810,846
Nifco, Inc.		4,500		119,281
Nihon Dempa Kogyo Co., Ltd.		26,600		228,025
Nihon Kohden Corp.		59,500		2,077,589
Nihon M&A Center, Inc.		2,300		155,150
Nikkiso Co., Ltd.		145,000		1,826,554
Nippon Accommodations Fund, Inc.		268		1,805,280
Nippon Carbon Co., Ltd. (b)		247,712		466,647
Nippon Chemi-Con Corp. (a)(b)		69,000		265,221
Nippon Flour Mills Co., Ltd. (b)		8,000		39,427
Nippon Gas Co., Ltd. (b)		31,100		330,810
Nippon Konpo Unyu Soko Co., Ltd.		205,200		3,691,862

64

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Nippon Light Metal Holdings Co., Ltd. (b)		970,000	$	1,310,499
Nippon Paper Industries Co., Ltd. (b)		54,400		1,011,347
Nippon Seiki Co., Ltd.		80,000		1,548,166
Nippon Sheet Glass Co., Ltd. (a)(b)		429,000		559,184
Nippon Shinyaku Co., Ltd.		204,000		3,976,937
Nippon Soda Co., Ltd.		271,000		1,727,511
Nippon Suisan Kaisha, Ltd. (a)		431,399		980,965
Nippon Thompson Co., Ltd.		240,000		1,331,240
Nippon Yakin Kogyo Co., Ltd. (a)(b)		79,000		266,077
Nipro Corp. (b)		49,200		445,166
Nishi-Nippon Railroad Co., Ltd.		158,000		584,768
Nishimatsu Construction Co., Ltd.		680,000		2,160,887
Nishimatsuya Chain Co., Ltd.		125,893		988,171
Nissha Printing Co., Ltd. (a)(b)		24,100		383,380
Nisshin Steel Holdings Co., Ltd.		53,300		638,454
Nisshinbo Holdings, Inc.		29,000		278,950
Nissin Kogyo Co., Ltd.		14,300		303,129
Nitto Boseki Co., Ltd. (b)		396,153		2,091,860
NOF Corp.		479,000		3,408,896
Nomura Real Estate Office Fund, Inc.		191		888,626
Nomura Real Estate Residential Fund, Inc.		30		155,559
Noritz Corp.		4,700		100,658
North Pacific Bank, Ltd.		150,000		610,818
NSD Co., Ltd.		100,408		1,190,318
Okabe Co., Ltd.		3,400		40,112
Okamura Corp.		57,000		484,829
Okasan Securities Group, Inc.		273,682		2,791,372
Oki Electric Industry Co., Ltd. (a)		831,000		1,960,782
OKUMA Corp. (b)		66,000		727,787
Okumura Corp.		18,000		83,231
Onward Holdings Co., Ltd.		16,000		121,326
Orix JREIT, Inc.		2,185		2,737,876
OSG Corp.		154,000		2,616,850
Pacific Metals Co., Ltd.		74,000		270,358
Paramount Bed Holdings Co., Ltd.		5,600		187,812
Penta-Ocean Construction Co., Ltd.		119,000		417,782
Pigeon Corp.		21,600		1,048,095
Pioneer Corp. (a)(b)		170,400		356,672
Pola Orbis Holdings, Inc.		4,900		175,058
Premier Investment Corp.		507		1,963,265
Rengo Co., Ltd.		219,000		1,318,938
Resorttrust, Inc.		12,600		230,050
Rohto Pharmaceutical Co., Ltd.		197,000		3,008,277
Ryobi, Ltd.		37,000		148,908
Ryohin Keikaku Co., Ltd.		26,603		2,877,847
Ryosan Co., Ltd.		3,500		74,525
Sakai Chemical Industry Co., Ltd. (b)		334,565		1,034,524
Sanden Corp. (b)		306,000		1,452,776
Sanken Electric Co., Ltd.		44,000		324,437
Sankyo Tateyama, Inc.		2,000		39,732
Sankyu, Inc.		284,000		1,107,845
Sanwa Holdings Corp.		31,000		210,294
Sanyo Shokai, Ltd.		215,000		582,988
Sanyo Special Steel Co., Ltd.		231,937		1,132,046
Sapporo Holdings, Ltd. (b)		238,000		1,000,866
Sato Corp. (b)		84,100		1,908,363
Seikagaku Corp.		4,100		50,165
Seino Holdings Co., Ltd.		21,000		220,380
Seiren Co., Ltd.		207,500		1,650,445
Sekisui House SI Investment Co. (b)		30		146,140
Senshu Ikeda Holdings, Inc.		106,060		494,452
Shima Seiki Manufacturing, Ltd.		74,825		1,407,440
Shimachu Co., Ltd.		101,500		2,403,630
Shinko Electric Industries Co., Ltd.		27,900		231,471
Shinmaywa Industries, Ltd.		25,000		217,164
Ship Healthcare Holdings, Inc.		14,700		571,329
SHO-BOND Holdings Co., Ltd.		10,900		500,899
Shochiku Co., Ltd. (b)		493,000		4,540,450
Showa Corp.		11,300		182,125
Showa Denko K.K. (b)		548,000		776,861
Sinfonia Technology Co., Ltd.		488,000		784,663
SKY Perfect JSAT Holdings, Inc.		24,600		133,175
SMK Corp.		256,343		1,695,051
Sohgo Security Services Co., Ltd.		13,300		264,722
Sosei Group Corp. (a)		6,000		246,325
Sotetsu Holdings, Inc.		194,000		664,478
Square Enix Holdings Co., Ltd. (b)		30,400		532,192
Star Micronics Co., Ltd. (b)		70,300		820,016
Sumitomo Bakelite Co., Ltd.		54,000		194,206
Sumitomo Forestry Co., Ltd.		90,900		1,059,441
Sumitomo Mitsui Construction Co., Ltd. (a)(b)		374,500		456,077
Sumitomo Osaka Cement Co., Ltd.		679,793		2,612,972
Sumitomo Real Estate Sales Co., Ltd.		3,700		113,353
Tadano, Ltd.		176,526		2,368,124
Taikisha, Ltd.		6,000		133,409
Taiyo Holdings Co., Ltd.		4,600		144,865
Taiyo Yuden Co., Ltd. (b)		60,100		783,950
Takara Holdings, Inc.		315,000		2,937,063
Takasago International Corp.		307,694		1,733,075
Takasago Thermal Engineering Co., Ltd.		5,000		42,291
Takuma Co., Ltd.		227,000		1,989,125
Temp Holdings Co., Ltd. (b)		21,600		574,808
The 77 Bank, Ltd.		137,000		663,460
The Bank of Iwate, Ltd.		1,000		50,235
The Bank of Nagoya, Ltd. (b)		260,000		880,643
The Bank of Okinawa, Ltd. (b)		52,500		2,085,415
The Ehime Bank, Ltd. (b)		676,000		1,421,398
The Eighteenth Bank, Ltd.		705,730		1,604,771
The Hokuetsu Bank, Ltd.		989,000		2,004,253
The Japan Steel Works, Ltd.		76,000		425,175
The Kiyo Bank, Ltd. (a)		123,100		1,643,207
The Michinoku Bank, Ltd. (b)		689,000		1,350,402
The Minato Bank, Ltd.		762,000		1,268,731
The Miyazaki Bank, Ltd.		667,000		1,865,734
The Musashino Bank, Ltd.		44,500		1,492,436
The Nanto Bank, Ltd.		126,000		471,129
The Nishi-Nippon City Bank, Ltd.		325,000		875,077
The Ogaki Kyoritsu Bank, Ltd.		19,000		52,243
The Oita Bank, Ltd.		443,000		1,643,785
The Okinawa Electric Power Co., Inc.		2,000		67,361
The San-In Godo Bank, Ltd.		10,000		71,738
The Sumitomo Warehouse Co., Ltd.		21,000		121,279
The Tochigi Bank, Ltd.		268,000		1,037,781
The Tokyo Tomin Bank, Ltd.		48,200		500,321
Toagosei Co., Ltd.		549,818		2,354,009
TOC Co., Ltd.		208,000		1,660,359
Toda Corp.		35,000		121,545
Toei Co., Ltd.		319,000		1,805,861

65

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Toho Holdings Co., Ltd.		69,319	$	1,112,613
Toho Zinc Co., Ltd.		251,000		840,607
Tokai Carbon Co., Ltd.		114,000		398,059
Tokai Rika Co., Ltd.		8,600		171,174
Tokai Tokyo Financial Holdings, Inc. (b)		213,600		2,064,770
Tokuyama Corp. (b)		225,000		854,146
Tokyo Dome Corp.		256,000		1,692,783
Tokyo Ohka Kogyo Co., Ltd.		5,400		115,547
Tokyo Seimitsu Co., Ltd.		9,200		193,707
Tokyo Steel Manufacturing Co., Ltd. (a)(b)		52,300		271,191
Tokyotokeiba Co., Ltd. (b)		73,000		295,181
Tokyu REIT, Inc.		60		370,487
TOMONY Holdings, Inc.		282,000		1,140,288
Top REIT, Inc.		92		432,406
Topcon Corp.		18,400		279,401
Topre Corp.		3,600		53,364
Topy Industries, Ltd.		545,381		1,011,839
Toshiba Machine Co., Ltd.		51,000		295,019
Toshiba Plant Systems & Services Corp.		12,000		179,135
Toshiba TEC Corp.		33,000		228,885
Totetsu Kogyo Co., Ltd.		4,500		84,687
Toyo Corp./Chuo-ku		178,048		1,837,991
Toyo Engineering Corp.		24,000		97,731
Toyo Ink Manufacturing Co., Ltd.		18,000		88,883
Toyo Tire & Rubber Co., Ltd.		432,000		2,461,995
Toyobo Co., Ltd.		1,055,788		1,948,745
TSI Holdings Co., Ltd.		67,300		450,780
Tsubakimoto Chain Co.		19,000		144,979
UACJ Corp.		55,000		208,268
Ulvac, Inc. (a)		50,100		661,613
Unipres Corp.		17,100		320,833
United Arrows, Ltd.		11,300		423,595
Unitika, Ltd. (a)		1,068,000		650,321
UNY Group Holdings Co., Ltd.		48,800		299,008
Ushio, Inc.		14,300		189,932
Valor Co., Ltd.		31,800		420,853
Wacoal Holdings Corp.		11,000		112,088
Wacom Co., Ltd.		73,600		516,786
Wakita & Co., Ltd.		11,000		129,566
Xebio Co., Ltd.		8,000		153,751
Yodogawa Steel Works, Ltd.		448,000		1,930,869
Yokogawa Bridge Holdings Corp.		8,000		117,368
Yoshinoya D&C Co., Ltd.		6,600		80,879
Zenkoku Hosho Co., Ltd.		8,400		367,632
Zenrin Co., Ltd.		57,477		560,524
Zensho Co., Ltd. (b)		20,400		219,129
ZERIA Pharmaceutical Co., Ltd.		2,300		56,130
				278,841,240
LUXEMBOURG — 0.2%
APERAM (a)		21,680		401,058
AZ Electronic Materials SA		141,778		927,537
Oriflame Cosmetics SA SDR (b)		10,080		309,968
				1,638,563
MALTA — 0.0% (e)
Unibet Group PLC, SDR		1,790		86,537
NETHERLANDS — 2.1%
Aalberts Industries NV		82,425		2,632,158
AerCap Holdings NV (a)(b)		71,743		2,751,344
Arcadis NV		4,820		170,161
ASM International NV		58,469		1,929,587
BinckBank NV		42,665		453,155
Corbion NV (b)		39,997		848,753
Eurocommercial Properties NV		20,842		886,275
Exact Holding NV		51,249		1,659,536
InterXion Holding NV (a)		15,900		375,399
Koninklijke BAM Groep NV (b)		147,402		768,375
Koninklijke Ten Cate NV		3,440		108,549
PostNL NV (a)		231,314		1,322,767
Royal Imtech NV (a)(b)		204,260		600,636
TomTom NV (a)		42,370		300,735
Unit4 NV		2,940		155,383
USG People NV		32,180		429,589
VastNed Retail NV		1,920		87,267
VistaPrint NV (a)(b)		26,035		1,480,090
Wereldhave NV		10,771		848,511
				17,808,270
NEW ZEALAND — 1.0%
Chorus, Ltd.		46,570		55,194
DNZ Property Fund, Ltd.		258,337		325,315
Fisher & Paykel Healthcare Corp., Ltd. (b)		905,100		2,868,029
Goodman Property Trust		373,574		302,858
Infratil, Ltd. (b)		319,706		597,314
Kiwi Income Property Trust		467,700		415,736
Mainfreight, Ltd.		60,861		599,597
Nuplex Industries, Ltd. (b)		144,481		404,311
Ryman Healthcare, Ltd. (b)		127,610		824,481
Sky City Entertainment Group, Ltd. (b)		282,932		868,595
Sky Network Television, Ltd.		113,270		544,445
Trade Me, Ltd. (b)		117,373		392,212
Z Energy, Ltd.		74,320		226,325
				8,424,412
NORWAY — 1.5%
Algeta ASA (a)		29,174		1,725,382
Atea ASA		41,908		412,735
Deep Sea Supply PLC (a)		183,679		346,658
Det Norske Oljeselskap ASA (a)(b)		10,450		114,889
DNO International ASA (a)		583,297		2,326,708
Ekornes ASA		52,473		711,391
Leroy Seafood Group ASA		1,370		39,970
Norwegian Air Shuttle AS (a)(b)		8,790		272,675
Norwegian Property ASA		431,940		517,600
Opera Software ASA		15,380		210,286
ProSafe SE		128,288		989,620
REC Silicon ASA (a)		927,890		373,490
Salmar ASA (a)		9,460		115,388
SpareBank 1 SMN		5,690		51,584
Storebrand ASA (a)		1,294		8,084
Tomra Systems ASA		184,190		1,715,344
Veidekke ASA		270,733		2,177,698
Wilh Wilhelmsen ASA		4,410		41,252
				12,150,754
PORTUGAL — 0.4%
Altri SGPS SA		373,170		1,151,829

66

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Semapa-Sociedade de Investimento e Gestao, SGPS, SA		150,934	$	1,693,577
ZON OPTIMUS SGPS SA		34,260		254,926
				3,100,332
SINGAPORE — 2.2%
Ascott Residence Trust		441,600		421,454
Asiasons Capital, Ltd. (a)(b)		205,000		19,484
Biosensors International Group, Ltd. (b)		663,000		438,464
Bukit Sembawang Estates, Ltd.		276,080		1,344,759
Cache Logistics Trust		509,000		449,497
Cambridge Industrial Trust		996,117		544,369
CapitaRetail China Trust (b)		316,200		333,079
CDL Hospitality Trusts (b)		422,000		548,139
China Yuchai International, Ltd. (b)		22,453		468,594
Cosco Corp. Singapore, Ltd. (b)		571,000		341,442
Ezion Holdings, Ltd.		408,000		717,377
Ezra Holdings, Ltd. (a)(b)		506,599		551,698
Far East Hospitality Trust		437,000		290,733
First Real Estate Investment Trust		542,000		455,029
Fortune Real Estate Investment Trust (b)		130,000		103,782
Frasers Centrepoint Trust		270,000		376,366
Haw Par Corp., Ltd. (b)		12,986		83,207
Hong Leong Finance, Ltd.		1,643,656		3,579,957
Hyflux, Ltd. (b)		317,000		293,751
LionGold Corp., Ltd. (a)(b)		430,000		57,896
Lippo Malls Indonesia Retail Trust		1,260,000		414,145
M1, Ltd.		308,000		797,687
Mapletree Commercial Trust		580,930		547,526
Mapletree Greater China Commercial Trust		172,000		114,431
Mapletree Industrial Trust		765,239		809,119
OUE, Ltd.		86,000		170,284
Parkway Life Real Estate Investment Trust		258,000		480,200
Sabana Shari’ah Compliant Industrial Real Estate Investment Trust		398,000		340,440
Singapore Post, Ltd. (b)		636,000		667,432
Starhill Global REIT		762,000		473,761
Super Group, Ltd.		21,000		63,203
United Engineers, Ltd.		32,000		45,494
Venture Corp., Ltd.		75,000		456,202
Wing Tai Holdings, Ltd. (b)		847,299		1,318,662
				18,117,663
SOUTH KOREA — 6.1%
Able C&C Co., Ltd. (a)(b)		6,799		195,205
Asiana Airlines (a)		170,778		798,588
Binggrae Co., Ltd. (a)		3,768		346,684
Chabio & Diostech Co., Ltd. (a)		31,930		329,783
Chong Kun Dang Pharmaceutical Corp. (a)		3,345		216,164
Chongkundang Holdings Corp. (a)		1,294		51,988
CJ CGV Co., Ltd. (a)		6,370		262,562
CJ E&M Corp. (a)		12,550		362,700
CJ Korea Express Corp. (a)(b)		7,276		689,440
CJ O Shopping Co., Ltd. (a)		1,989		782,143
Com2uSCorp (a)		5,376		128,370
Cosmax, Inc. (a)		7,760		366,180
Daesang Corp. (a)		14,550		529,417
Daum Communications Corp. (a)(b)		16,734		1,331,933
DGB Financial Group, Inc. (a)		70,980		1,109,746
Dong-A Pharmaceutical Co., Ltd. (a)		3,776		527,749
Dong-A ST Co., Ltd. (a)		6,277		591,805
Dongkuk Steel Mill Co., Ltd. (a)(b)		35,740		445,332
Dongsuh Co., Inc.		2,501		39,932
Eugene Investment & Securities Co., Ltd. (a)		177,169		352,542
Fila Korea, Ltd. (a)(b)		6,189		463,288
GemVax & Kael Co., Ltd. (a)(b)		12,091		136,337
Grand Korea Leisure Co., Ltd.		20,100		769,451
Green Cross Corp. (a)		4,545		536,175
GS Engineering & Construction Corp. (a)		18,610		537,836
GS Home Shopping, Inc. (a)		750		218,245
Hana Tour Service, Inc.		18,121		1,110,938
Hanjin Heavy Industries & Construction Co., Ltd. (a)		24,646		281,408
Hanjin Shipping Co., Ltd. (a)		51,938		376,979
Hanmi Pharm Co., Ltd. (a)		7,558		812,842
Hansol Paper Co. (a)		81,169		869,105
Hanwha Securities Co. (a)		122,242		393,825
Hite Jinro Co., Ltd. (a)(b)		28,974		605,369
Humax Co., Ltd. (a)		47,957		547,574
Hyundai Development Co. (a)(b)		41,040		902,192
Hyundai Elevator Co., Ltd. (a)		4,473		202,596
Hyundai Greenfood Co., Ltd. (a)		38,790		617,494
Hyundai Home Shopping Network Corp. (a)		3,621		638,183
Hyundai Securities Co., Ltd. (b)		77,900		431,814
JB Financial Group Co., Ltd. (a)(b)		259,294		1,562,619
Kolao Holdings (a)(b)		7,483		191,799
Kolon Industries, Inc. (a)		4,030		208,880
Korea Investment Holdings Co., Ltd.		24,320		940,215
Korean Air Lines Co., Ltd. (a)		13,640		403,248
Korean Reinsurance Co.		116,798		1,267,198
KT Skylife Co., Ltd. (a)		13,908		389,427
Kumho Tire Co., Inc. (a)		57,250		623,845
LG Fashion Corp. (a)		11,530		368,182
LG Hausys, Ltd. (a)		2,120		284,247
LG Innotek Co., Ltd. (a)(b)		5,010		397,344
LG International Corp. (a)		34,268		933,534
LG Life Sciences, Ltd. (a)(b)		25,571		983,733
LIG Insurance Co., Ltd.		60,970		1,903,597
Lotte Chilsung Beverage Co., Ltd. (a)		405		585,232
Lotte Confectionery Co., Ltd. (a)		50		90,586
LOTTE Himart Co., Ltd. (a)		3,930		325,840
Lotte Samkang Co., Ltd. (a)		676		477,847
LS Industrial Systems Co., Ltd. (a)		10,157		632,316
LS Uplus Corp. (a)		4,330		331,925
Macquarie Korea Infrastructure Fund		105,600		611,376
Mando Corp. (a)		5,090		602,881
Medipost Co., Ltd. (a)(b)		5,174		309,847
Medy-Tox, Inc.		2,300		370,057
MegaStudy Co., Ltd. (a)		5,876		433,733
Melfas, Inc. (a)(b)		13,668		125,108
Meritz Finance Holdings Co., Ltd.		8		51
Meritz Fire & Marine Insurance Co., Ltd.		92,928		1,334,021
Meritz Securities Co., Ltd.		788,457		1,307,433
Mirae Asset Securities Co., Ltd.		16,437		598,077

67

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Neowiz Games Corp. (a)		10,887	$	182,593
NongShim Co., Ltd. (a)		2,531		601,962
Ottogi Corp. (a)		150		56,569
Paradise Co., Ltd. (a)		32,369		811,257
Partron Co., Ltd. (b)		22,740		307,050
Poongsan Corp. (a)		39,503		1,070,532
Samsung Fine Chemicals Co., Ltd. (a)(b)		29,860		1,260,495
Samyang Holdings Corp. (a)		4,500		318,094
SFA Engineering Corp. (a)		29,668		1,155,403
Shinsegae Co., Ltd. (a)		1,120		267,968
SK Broadband Co., Ltd. (a)		155,413		644,271
SK Chemicals Co., Ltd. (a)		32,115		1,679,773
SK Networks Co., Ltd. (a)		28,940		207,312
SM Entertainment Co. (a)(b)		8,318		348,373
STX Offshore & Shipbuilding Co., Ltd. (a)(b)		16,113		102,295
STX Pan Ocean Co., Ltd. (a)(c)		111,599		80,578
Taekwang Industrial Co., Ltd. (a)		486		594,059
Tong Yang Securities, Inc. (b)		88,830		212,532
Woori Investment & Securities Co., Ltd.		3		27
Young Poong Corp. (a)		557		668,706
Youngone Corp. (a)		4,600		185,247
Yuhan Corp. (a)		9,285		1,645,231
				50,904,439
SPAIN — 1.2%
Construcciones y Auxiliar de Ferrocarriles SA		3,672		1,944,493
Faes Farma SA		229,759		835,814
Gamesa Corp. Tecnologica SA (a)		88,600		925,414
NH Hoteles SA (a)		18,090		106,813
Sacyr SA (a)		91,740		476,198
Tubacex SA		251,648		1,002,131
Tubos Reunidos SA		300,669		733,323
Vidrala SA		56,062		2,892,263
Zeltia SA (a)		229,662		731,029
				9,647,478
SWEDEN — 2.8%
AarhusKarlshamn AB		20,477		1,313,568
Avanza Bank Holding AB		2,930		95,346
Axfood AB (b)		16,436		825,818
Axis Communications AB (b)		27,898		972,125
Betsson AB (a)		25,543		811,318
BillerudKorsnas AB		87,897		1,111,953
Clas Ohlson AB (Class B)		7,870		147,962
D. Carnegie Co. & AB (a)(c)		30		0
Fabege AB		85,236		1,019,233
Haldex AB		173,716		1,622,857
Hexpol AB		14,376		1,078,883
Holmen AB (Class B)		7,970		290,254
Indutrade AB		1,380		57,692
Intrum Justitia AB		90,537		2,537,393
JM AB		64,997		1,836,788
Kungsleden AB		168,737		1,134,967
Lindab International AB (a)		3,390		33,464
Loomis AB (Class B)		4,360		103,525
NCC AB (Class B)		15,710		513,426
Net Entertainment NE AB (Class B) (a)		3,290		69,410
New Wave Group AB (Class B)		213,296		1,092,616
Nobia AB		98,883		839,087
Peab AB		17,670		108,261
Saab AB		43,467		1,167,449
Swedish Orphan Biovitrum AB (a)		120,298		1,250,256
Wihlborgs Fastigheter AB		196,222		3,521,095
				23,554,746
SWITZERLAND — 3.0%
Basilea Pharmaceutica AG (a)		13,665		1,619,487
Belimo Holding AG		2,113		5,844,696
Burckhardt Compression Holding AG		290		127,498
Daetwyler Holding AG		15,641		2,179,029
Forbo Holding AG (a)		853		730,855
Gategroup Holding AG (a)		1,410		38,367
Georg Fischer AG (a)		2,617		1,846,481
Implenia AG (a)		1,220		89,235
Kaba Holding AG (Class B) (a)		470		229,094
Kudelski SA		66,555		1,017,764
Kuoni Reisen Holding (Class B) (a)		4,779		2,164,212
Logitech International SA		86,681		1,193,953
Meyer Burger Technology AG (a)		39,110		466,145
Mobimo Holding AG (a)		3,180		665,428
Nobel Biocare Holding AG (a)(b)		75,392		1,178,331
Rieter Holding AG (a)		300		70,872
Schmolz + Bickenbach AG (a)		189,850		234,818
Tecan Group AG		1,120		132,861
Temenos Group AG (a)(b)		74,534		2,111,943
Valiant Holding AG		6,799		610,446
Valora Holding AG		8,729		2,440,999
				24,992,514
UNITED KINGDOM — 12.6%
A.G.BARR PLC		47,335		443,736
Amarin Corp. PLC, ADR (a)(b)		69,630		137,171
APR Energy PLC (b)		3,030		47,675
Atkins WS PLC		40,338		947,362
Aveva Group PLC		33,159		1,188,459
Bellway PLC		77,181		2,006,946
Betfair Group PLC		6,440		115,195
Big Yellow Group PLC		7,470		59,139
Bodycote PLC		215,461		2,390,942
Bovis Homes Group PLC		185,330		2,434,134
Brewin Dolphin Holdings PLC		19,270		97,344
Britvic PLC		187,002		2,144,824
BTG PLC (a)		162,572		1,546,897
Cable & Wireless Communications PLC		1,335,831		1,244,514
Carillion PLC (b)		215,489		1,179,566
Centamin PLC (a)		473,711		349,532
Chemring Group PLC (b)		205,917		763,952
Countrywide PLC		27,530		271,299
Crest Nicholson Holdings plc (a)		24,060		145,490
CSR PLC		153,628		1,608,100
Dairy Crest Group PLC		176,573		1,579,224
Darty PLC		359,265		700,650
De La Rue PLC		38,260		551,936
Dechra Pharmaceuticals PLC		6,990		81,330
Dialight PLC		3,580		50,755
Domino Printing Sciences PLC		8,040		101,869
Domino’s Pizza UK & IRL PLC		56,734		482,044
Dunelm Group PLC		40,597		605,149

68

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Electrocomponents PLC		41,020	$	189,619
Elementis PLC		608,344		2,709,353
EnQuest PLC (a)		305,060		680,074
Enterprise Inns PLC (a)		442,647		1,129,026
esure Group PLC		25,330		104,798
F&C Asset Management PLC		36,970		56,333
Fenner PLC		223,955		1,798,987
Fidessa Group PLC		2,300		85,825
Galliford Try PLC		128,018		2,478,627
Gem Diamonds, Ltd. (a)		98,755		237,575
Genus PLC		34,413		739,244
Go-Ahead Group PLC		5,260		153,155
Grainger PLC		22,290		75,238
Greggs PLC (b)		12,480		88,984
Halfords Group PLC		87,896		649,276
Hansteen Holdings PLC		47,380		84,908
Henderson Group PLC		442,149		1,674,058
Heritage Oil PLC (a)		124,199		305,985
Home Retail Group PLC		371,396		1,180,423
Homeserve PLC		138,965		633,632
Howden Joinery Group PLC		319,767		1,826,108
Hunting PLC		65,029		840,093
Imagination Technologies Group PLC (a)(b)		40,920		120,569
Intermediate Capital Group PLC		174,211		1,211,854
International Personal Finance		216,855		1,788,646
Interserve PLC		190,710		1,967,828
ITE Group PLC		517,765		2,633,529
J.D. Wetherspoon PLC		160,695		2,026,739
Jupiter Fund Management PLC		192,387		1,226,767
Kcom Group PLC		30,410		49,485
Keller Group PLC		100,220		1,907,217
Kier Group PLC		59,061		1,794,992
Laird PLC		204,795		940,239
Londonmetric Property PLC		102,200		234,099
Marston’s PLC		61,540		146,365
Mcbride PLC (a)		149,759		247,418
Michael Page International PLC		271,954		2,198,067
Micro Focus International PLC		74,949		953,351
Mitchells & Butlers PLC (a)		228,390		1,595,924
Mitie Group PLC		506,113		2,664,794
Moneysupermarket.com Group PLC		68,770		205,704
Morgan Crucible Co. PLC		311,859		1,643,038
Morgan Sindall PLC		67,073		838,726
N Brown Group PLC		208,359		1,837,627
National Express Group PLC		208,736		951,418
Northgate PLC		15,760		133,906
Oxford Instruments PLC		3,730		109,162
Pace PLC		184,782		973,835
Paragon Group of Cos PLC		41,130		252,731
PayPoint PLC		106,602		1,785,016
Petra Diamonds, Ltd. (a)		25,810		50,528
Petropavlovsk PLC (b)		77,445		93,315
Premier Farnell PLC		468,846		1,724,663
Premier Foods PLC (a)		146,552		303,408
QinetiQ Group PLC		277,268		996,518
Redrow PLC		306,692		1,584,830
Regus PLC		315,589		1,135,291
Renishaw PLC		19,444		626,370
Restaurant Group PLC		339,381		3,327,628
RPC Group PLC		8,470		82,768
RPS Group PLC		308,869		1,717,320
Salamander Energy PLC (a)		137,623		254,721
Senior PLC		672,674		3,422,563
Shanks Group PLC		422,352		758,979
SIG PLC		319,997		1,121,469
SOCO International PLC (a)		106,065		694,248
Spirent Communications PLC		342,779		589,301
Spirit Pub Co. PLC		337,272		428,730
ST Modwen Properties PLC		8,810		53,595
Stobart Group, Ltd.		16,710		38,470
Stolt-Nielsen, Ltd.		1,510		41,565
SuperGroup PLC (a)		4,820		112,961
SVG Capital PLC (a)		18,440		131,938
Synthomer PLC		130,065		548,244
Ted Baker PLC		1,240		47,031
Telecom Plus PLC		2,540		74,462
Tullett Prebon PLC		257,474		1,605,550
Tyman PLC		12,630		47,799
Ultra Electronics Holdings PLC		52,087		1,663,267
Unite Group PLC		291,567		1,944,186
Vectura Group PLC (a)		18,350		42,549
Victrex PLC		92,335		2,809,319
WH Smith PLC		170,554		2,827,623
Wincanton PLC (a)		234,181		488,706
Workspace Group PLC		6,760		59,116
Xaar PLC		4,400		81,620
				104,966,252
TOTAL COMMON STOCKS —
(Cost $782,953,778)				830,917,139
PREFERRED STOCKS — 0.0% (e)
GERMANY — 0.0% (e)
Jungheinrich AG (Cost $113,619)		1,890		123,172
RIGHTS — 0.0% (e)
SOUTH KOREA — 0.0% (e)
JB Financial Group Co., Ltd. (expiring 1/8/14) (a)(b)		87,537		112,806
Hanmi Pharm Co., Ltd. (expiring 2/7/14) (a)		731		13,097
SPAIN — 0.0% (e)
Faes Farma SA (expiring 1/10/14) (a)		229,759		13,297
TOTAL RIGHTS —
(Cost $12,561)				139,200
RIGHTS — 0.0% (e)
JAPAN — 0.0% (e)
Nichi-iko Pharmaceutical Co., Ltd. (expiring 1/24/14) (a) (Cost $153,489)		26,200		117,159
SHORT TERM INVESTMENTS — 10.1%
UNITED STATES — 10.1%
MONEY MARKET FUNDS — 10.1%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		63,541,551		63,541,551

69

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		20,710,445	$	20,710,445
TOTAL SHORT TERM INVESTMENTS —
(Cost $84,251,996)				84,251,996
TOTAL INVESTMENTS — 110.0%
(Cost $867,485,443)				915,548,666
OTHER ASSETS & LIABILITIES — (10.0)%				(83,405,232	)
NET ASSETS — 100.0%			$	832,143,434

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(d)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs. (See accompanying Notes to Schedules of Investments)
(e)	Amount shown represents less than 0.05% of net assets.
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SCA = Societe en Commandite par Actions

SDR = Swedish Depositary Receipt

70

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

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Machinery		6.7	%
Real Estate Investment Trusts		4.4
Metals & Mining		4.1
Construction & Engineering		4.1
Capital Markets		4.1
Commercial Banks		4.0
Real Estate Management & Development		3.8
Hotels, Restaurants & Leisure		3.6
Electronic Equipment, Instruments & Components		3.5
Specialty Retail		3.5
Chemicals		3.4
Oil, Gas & Consumable Fuels		3.4
Media		3.0
Commercial Services & Supplies		2.9
Auto Components		2.2
Food Products		2.2
Software		2.2
Pharmaceuticals		2.1
Household Durables		1.9
Trading Companies & Distributors		1.7
Building Products		1.6
Health Care Equipment & Supplies		1.6
Electrical Equipment		1.5
Professional Services		1.5
Energy Equipment & Services		1.5
Textiles, Apparel & Luxury Goods		1.4
Semiconductors & Semiconductor Equipment		1.4
Beverages		1.4
Biotechnology		1.3
Industrial Conglomerates		1.1
Road & Rail		1.0
IT Services		1.0
Marine		1.0
Transportation Infrastructure		0.9
Containers & Packaging		0.9
Internet Software & Services		0.9
Communications Equipment		0.8
Construction Materials		0.8
Internet & Catalog Retail		0.8
Insurance		0.8
Consumer Finance		0.7
Gas Utilities		0.7
Health Care Providers & Services		0.7
Multiline Retail		0.7
Aerospace & Defense		0.7
Paper & Forest Products		0.6
Food & Staples Retailing		0.6
Thrifts & Mortgage Finance		0.5
Diversified Consumer Services		0.5
Air Freight & Logistics		0.5
Diversified Financial Services		0.4
Leisure Equipment & Products		0.4
Distributors		0.4
Independent Power Producers & Energy Traders		0.4
Wireless Telecommunication Services		0.4
Life Sciences Tools & Services		0.3
Diversified Telecommunication Services		0.3
Household Products		0.2
Computers & Peripherals		0.2
Airlines		0.2
Multi-Utilities		0.2
Electric Utilities		0.1
Automobiles		0.1
Health Care Technology		0.1
Personal Products		0.0	***
Water Utilities		0.0	***
Office Electronics		0.0	***
Short Term Investment		10.1
Other Assets & Liabilities		(10.0	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

**

Each security is valued based on Level 1 inputs except for Amagerbanken A/S, which was Level 2 and part of the Commercial Banks Industry, representing 0.00% of net assets, Peace Mark (Holdings), Ltd., which was Level 2 and part of the Textiles, Apparel & Luxury Goods Industry, representing 0.00% of net assets, Platinum Australia, Ltd., which was Level 2 and part of the Metals & Mining Industry, representing 0.00% of net assets, TT Hellenic Postbank SA, which was Level 2 and part of the Commercial Banks Industry, representing 0.00% of net assets, Great Basin Gold, Ltd., which was Level 2 and part of the Metals & Mining Industry, representing 0.00% of net assets, Poseidon Concepts Corp., which was Level 2 and part of the Energy Equipment & Services Industry, representing 0.00% of net assets, STX Pan Ocean Co., Ltd., which was Level 2 and part of the Marine Industry, representing 0.01% of net assets, Sequana, which was Level 2 and part of the Paper & Forest Products Industry, representing 0.00% of net assets, Tessenderlo Chemie NV, which was Level 3 and part of the Chemicals Industry, representing 0.01% of net assets, and D. Carnegie Co. & AB, which was Level 2 and part of the Diversified Financial Services Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)

***

Amount shown represents less than 0.05% of net assets.

71

SPDR Dow Jones International Real Estate ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.8%
AUSTRALIA — 12.9%
Abacus Property Group		2,905,018	$	6,029,618
Astro Japan Property Group (a)		748,658		2,310,764
BWP Trust (a)		37,358,911		9,695,452
CFS Retail Property Trust Group (a)		25,514,576		44,397,749
Charter Hall Retail REIT (a)		3,132,094		10,059,635
Commonwealth Property Office Fund (a)		20,521,683		22,857,847
Dexus Property Group		48,446,392		43,559,260
Goodman Group		15,651,594		66,232,737
GPT Group (a)		16,109,102		49,000,808
Investa Office Fund		6,308,956		17,666,675
Westfield Group		20,119,267		181,616,922
Westfield Retail Trust		31,002,938		82,378,198
				535,805,665
AUSTRIA — 1.8%
Atrium European Real Estate, Ltd. (a)(b)		1,829,698		10,538,748
CA Immobilien Anlagen AG (a)(b)		739,034		13,116,368
IMMOFINANZ AG (b)		10,936,869		50,757,286
				74,412,402
BELGIUM — 0.8%
Befimmo SA (a)		182,168		12,663,873
Cofinimmo (a)		163,827		20,260,644
				32,924,517
BRAZIL — 0.8%
BR Malls Participacoes SA		4,702,640		33,985,382
CANADA — 10.5%
Artis REIT		644,318		9,011,356
Boardwalk REIT		263,488		14,842,124
Brookfield Asset Management, Inc. (Class A) (a)		5,852,652		227,055,356
Brookfield Office Properties, Inc. (c)		291,523		5,611,818
Brookfield Office Properties, Inc. (a)(c)		2,265,169		43,597,841
Calloway REIT		674,827		15,979,903
Canadian Apartment Properties REIT		561,679		11,233,580
Canadian REIT		345,389		14,098,373
Chartwell Retirement Residences		879,053		8,265,167
Crombie Real Estate Investment Trust (c)		270,074		3,450,924
Crombie Real Estate Investment Trust (c)		285,329		3,636,098
First Capital Realty, Inc. (a)		983,856		16,399,143
H&R REIT		1,358,140		27,354,537
RioCan REIT		1,519,269		35,418,629
				435,954,849
CHINA — 2.4%
Hongkong Land Holdings, Ltd.		12,174,000		71,826,600
Kerry Properties, Ltd.		7,581,170		26,301,270
				98,127,870
FRANCE — 9.4%
Fonciere Des Regions (a)		454,235		39,276,034
Gecina SA		270,697		35,819,843
Klepierre		1,007,141		46,747,687
Mercialys SA		576,520		12,114,835
Unibail-Rodamco SE		1,003,328		257,497,203
				391,455,602
HONG KONG — 7.7%
Champion REIT (a)		26,950,174		11,921,857
Hang Lung Group, Ltd.		8,761,808		44,239,856
Hang Lung Properties, Ltd.		23,637,755		74,689,666
Hysan Development Co., Ltd.		7,227,846		31,134,619
Kerry Logistics Network, Ltd. (b)		11,250		15,989
Prosperity REIT		12,298,000		3,584,521
The Link REIT		23,913,855		115,964,655
Wheelock & Co., Ltd.		8,371,545		38,490,483
				320,041,646
ITALY — 0.1%
Beni Stabili SpA (a)		8,539,104		5,765,563
JAPAN — 23.0%
Activia Properties, Inc. (a)		2,344		18,487,950
Aeon Mall Co., Ltd.		1,173,140		32,937,883
Daibiru Corp.		584,000		7,151,020
Daiwa Office Investment Corp. (a)		2,424		11,335,293
Frontier Real Estate Investment Corp. (a)		4,744		23,470,625
Fukuoka REIT Corp. (a)		1,216		9,857,114
Global One Real Estate Investment Co., Ltd.		953		6,482,993
Hankyu REIT, Inc.		963		5,011,760
Heiwa Real Estate Co., Ltd.		363,300		6,311,648
Hulic Co., Ltd.		3,943,390		58,341,387
Japan Excellent, Inc.		11,715		13,743,014
Japan Prime Realty Investment Corp. (a)		7,725		24,768,803
Japan Real Estate Investment Corp.		12,294		65,970,373
Japan Retail Fund Investment Corp.		22,590		46,037,562
Kenedix Realty Investment Corp.		3,048		14,485,286
Mitsui Fudosan Co., Ltd.		9,121,000		328,461,872
Mori Hills REIT Investment Corp. (a)		2,467		16,383,293
Mori Trust Sogo REIT, Inc. (a)		1,979		15,778,526
Nippon Building Fund, Inc. (a)		14,322		83,393,407
Nomura Real Estate Office Fund, Inc.		3,833		17,832,996
NTT Urban Development Corp.		1,113,531		12,808,705
Orix JREIT, Inc.		15,954		19,990,883
Premier Investment Corp.		2,019		7,818,210
Tokyu Fudosan Holdings Corp. (b)		5,371,500		50,594,977
Tokyu REIT, Inc. (a)		1,934		11,942,020
Top REIT, Inc.		1,608		7,557,699
United Urban Investment Corp.		24,510		35,282,460
				952,237,759
NETHERLANDS — 2.1%
Corio NV		1,012,741		45,458,607
Eurocommercial Properties NV		374,143		15,909,878
VastNed Retail NV (a)		198,418		9,018,428
Wereldhave NV (a)		222,725		17,545,690
				87,932,603
NEW ZEALAND — 0.7%
Argosy Property, Ltd.		7,881,878		5,935,769
Goodman Property Trust		10,228,436		8,292,237

72

SPDR Dow Jones International Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Kiwi Income Property Trust (a)		9,947,690	$	8,842,442
Precinct Properties		8,612,840		7,017,910
				30,088,358
PHILIPPINES — 1.4%
Ayala Land, Inc.		58,375,700		32,553,339
SM Prime Holdings, Inc.		74,394,000		24,606,634
				57,159,973
SINGAPORE — 7.7%
Ascendas REIT		21,017,831		36,622,230
Cambridge Industrial Trust		11,407,850		6,234,292
CapitaCommercial Trust (a)		23,106,676		26,536,259
CapitaLand, Ltd. (a)		25,994,999		62,383,056
CapitaMall Trust		26,725,168		40,322,703
Frasers Commercial Trust (a)		4,982,304		5,011,505
Global Logistic Properties, Ltd.		31,522,000		72,151,576
Guocoland, Ltd. (a)		3,442,666		6,162,225
Mapletree Logistics Trust		15,040,526		12,567,523
Singapore Land, Ltd. (a)		868,000		5,774,751
Starhill Global REIT		14,407,482		8,957,606
Suntec REIT (a)		23,317,351		28,440,298
United Industrial Corp., Ltd.		2,750,000		6,468,795
				317,632,819
SOUTH AFRICA — 1.6%
Capital Property Fund		16,506,846		16,784,620
Fountainhead Property Trust		11,890,240		8,400,790
Growthpoint Properties, Ltd.		13,903,511		32,230,791
SA Corporate Real Estate Fund		13,891,033		5,291,822
Sycom Property Fund		1,490,684		3,541,064
				66,249,087
SPAIN — 0.0% (d)
Martinsa-Fadesa SA (b)(e)(f)		35,998		0
SWEDEN — 2.2%
Castellum AB		1,770,223		27,589,967
Fabege AB		1,444,204		17,269,465
Great Portland Estates PLC		3,541,784		35,137,794
Kungsleden AB		1,424,475		9,581,372
				89,578,598
SWITZERLAND — 2.0%
PSP Swiss Property AG (b)		396,768		33,683,009
Swiss Prime Site AG (b)		623,485		48,407,982
				82,090,991
THAILAND — 0.4%
Central Pattana PCL		13,836,637		17,264,215
UNITED KINGDOM — 12.3%
Big Yellow Group PLC		1,285,017		10,173,312
British Land Co. PLC		10,290,502		107,204,447
Capital & Counties Properties PLC		6,826,115		37,218,513
Derwent London PLC		882,067		36,450,015
Grainger PLC		4,273,627		14,425,351
Hammerson PLC		7,347,781		61,092,165
Intu Properties PLC (a)		6,979,257		35,822,539
Land Securities Group PLC		7,984,288		127,412,931
Segro PLC		7,644,441		42,288,063
Shaftesbury PLC		2,587,611		26,871,513
Workspace Group PLC		1,098,311		9,604,723
				508,563,572
TOTAL COMMON STOCKS —
(Cost $3,610,789,847)				4,137,271,471
SHORT TERM INVESTMENTS — 6.0%
UNITED STATES — 6.0%
MONEY MARKET FUNDS — 6.0%
State Street Navigator Securities Lending Prime Portfolio (g)(h)		157,953,207		157,953,207
State Street Institutional Liquid Reserves Fund 0.06% (h)(i)		90,245,390		90,245,390
TOTAL SHORT TERM INVESTMENTS —
(Cost $248,198,597)				248,198,597
TOTAL INVESTMENTS — 105.8%
(Cost $3,858,988,444)				4,385,470,068
OTHER ASSETS & LIABILITIES — (5.8)%				(239,717,329	)
NET ASSETS — 100.0%			$	4,145,752,739

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(d)	Amount shown represents less than 0.05% of net assets.
(e)	Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(f)	Company has filed for insolvency.
(g)	Investments of cash collateral for securities loaned.
(h)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(i)	The rate shown is the annualized seven-day yield at period end.

PCL = Public Company Limited

PLC = Public Limited Company

REIT = Real Estate Investment Trust

73

SPDR Dow Jones International Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Real Estate Investment Trusts		59.7	%
Real Estate Management & Development		40.1
Air Freight & Logistics		0.0	***
Short Term Investment		6.0
Other Assets & Liabilities		(5.8	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

**	Each security is valued based on Level 1 inputs except for Martinsa-Fadesa SA, which was Level 2 and part of the Real Estate Management & Development Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)
***	Amount shown represents less than 0.05% of net assets.

74

SPDR S&P Global Infrastructure ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.6%
AUSTRALIA — 7.0%
Macquarie Atlas Roads Group		136,967	$	336,978
Qube Holdings Ltd.		221,778		410,716
Sydney Airport		322,014		1,094,741
Transurban Group (a)		561,118		3,433,708
				5,276,143
BRAZIL — 1.7%
Cia de Saneamento Basico do Estado de Sao Paulo ADR (a)		17,216		195,229
Companhia Energetica de Minas Gerais ADR (a)		27,358		213,119
CPFL Energia SA ADR (a)		5,653		90,505
Ultrapar Participacoes SA ADR		32,919		778,534
				1,277,387
CANADA — 10.6%
AltaGas, Ltd. (a)		9,520		365,299
Enbridge, Inc.		65,785		2,873,489
Gibson Energy, Inc. (a)		9,737		251,100
Pembina Pipeline Corp. (a)		24,680		869,201
Teekay Corp.		3,000		144,030
TransCanada Corp. (a)		56,289		2,571,546
Veresen, Inc. (a)		16,118		216,474
Westshore Terminals Investment Corp.		24,159		786,958
				8,078,097
CHILE — 0.7%
Empresa Nacional de Electricidad SA ADR		5,492		244,833
Enersis SA ADR		19,228		288,228
				533,061
CHINA — 0.4%
China Longyuan Power Group Corp. (Class H)		147,000		189,396
Huaneng Power International Inc, ADR (a)		3,882		140,723
				330,119
FRANCE — 7.4%
Aeroports de Paris		14,237		1,618,474
GDF Suez		75,898		1,787,857
Groupe Eurotunnel SA		208,259		2,192,454
				5,598,785
GERMANY — 5.3%
E.ON AG		99,950		1,847,595
Fraport AG Frankfurt Airport Services Worldwide (a)		13,619		1,020,699
Hamburger Hafen und Logistik AG		9,395		230,177
RWE AG		24,418		895,172
				3,993,643
HONG KONG — 4.0%
China Gas Holdings, Ltd.		120,000		176,431
China Merchants Holdings International Co., Ltd.		438,909		1,601,950
China Resources and Transportation Group, Ltd. (b)		4,900,000		214,864
China Resources Power Holdings Co., Ltd.		92,000		218,083
COSCO Pacific, Ltd. (a)		607,414		833,517
				3,044,845
ITALY — 6.2%
Ansaldo STS SpA		40,817		441,514
Atlantia SpA (a)		117,794		2,647,344
Enel SpA		324,035		1,417,203
Societa Iniziative Autostradali e Servizi SpA		23,546		234,092
				4,740,153
JAPAN — 3.8%
Japan Airport Terminal Co., Ltd. (a)		27,400		619,925
Kamigumi Co., Ltd.		98,000		898,835
Mitsubishi Logistics Corp. (a)		63,000		995,604
The Sumitomo Warehouse Co., Ltd.		58,000		334,960
				2,849,324
MEXICO — 2.3%
Grupo Aeroportuario del Pacifico SAB de CV, ADR		14,858		790,743
Grupo Aeroportuario del Sureste SAB de CV, ADR (a)		7,654		953,918
				1,744,661
NETHERLANDS — 0.4%
Koninklijke Vopak NV		5,340		312,873
NEW ZEALAND — 1.5%
Auckland International Airport, Ltd.		383,137		1,113,154
NORWAY — 0.2%
Golar LNG, Ltd. (a)		3,483		126,398
RUSSIA — 0.1%
Federal Hydrogenerating Co. JSC ADR		52,999		91,476
SINGAPORE — 3.1%
Hutchison Port Holdings Trust (a)		2,045,000		1,380,375
SATS Ltd. (a)		242,000		619,087
SIA Engineering Co., Ltd.		94,000		376,715
				2,376,177
SPAIN — 6.1%
Abertis Infraestructuras SA (a)		139,317		3,100,344
Iberdrola SA		240,454		1,535,731
				4,636,075
SWITZERLAND — 1.1%
Flughafen Zuerich AG		1,440		844,392
UNITED KINGDOM — 7.8%
BBA Aviation PLC		181,446		963,466
Centrica PLC		259,482		1,494,299
National Grid PLC		181,740		2,371,933
Scottish & Southern Energy PLC		47,851		1,085,768
				5,915,466
UNITED STATES — 29.9%
American Electric Power Co., Inc. (a)		24,277		1,134,707
Cheniere Energy, Inc. (b)		17,722		764,173
Consolidated Edison, Inc. (a)		14,656		810,184
Dominion Resources, Inc.		28,921		1,870,899
Duke Energy Corp.		35,266		2,433,707
Exelon Corp. (a)		42,736		1,170,539
FirstEnergy Corp.		20,842		687,369
Kinder Morgan, Inc.		53,639		1,931,004

75

SPDR S&P Global Infrastructure ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
NextEra Energy, Inc.		21,222	$	1,817,027
PG&E Corp. (a)		22,263		896,754
PPL Corp. (a)		31,559		949,610
Public Service Enterprise Group, Inc.		25,222		808,113
SemGroup Corp.(Class A)		3,429		223,674
Sempra Energy (a)		11,365		1,020,122
Southern Co.		43,696		1,796,342
Spectra Energy Corp.		53,287		1,898,083
The Williams Cos., Inc.		54,396		2,098,054
Wesco Aircraft Holdings, Inc. (a)(b)		15,816		346,687
				22,657,048
TOTAL COMMON STOCKS —
(Cost $77,480,764)				75,539,277
SHORT TERM INVESTMENTS — 14.4%
UNITED STATES — 14.4%
MONEY MARKET FUNDS — 14.4%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		9,637,967		9,637,967
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		1,297,614		1,297,614
TOTAL SHORT TERM INVESTMENTS —
(Cost $10,935,581)				10,935,581
TOTAL INVESTMENTS — 114.0%
(Cost $88,416,345)				86,474,858
OTHER ASSETS & LIABILITIES — (14.0)%				(10,598,141	)
NET ASSETS — 100.0%			$	75,876,717

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

PLC = Public Limited Company

76

SPDR S&P Global Infrastructure ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Transportation Infrastructure		40.3	%
Oil, Gas & Consumable Fuels		20.3
Electric Utilities		19.2
Multi-Utilities		18.3
Independent Power Producers & Energy Traders		1.0
Water Utilities		0.3
Gas Utilities		0.2
Short Term Investment		14.4
Other Assets & Liabilities		(14.0	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

77

SPDR S&P Global Natural Resources ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.5%
AUSTRALIA — 9.3%
Amcor, Ltd.		740,023	$	6,984,747
BHP Billiton, Ltd.		691,014		23,486,004
Fortescue Metals Group, Ltd. (a)		536,981		2,795,985
Newcrest Mining, Ltd.		243,602		1,699,920
Orora, Ltd. (b)		747,424		775,672
Rio Tinto, Ltd.		137,698		8,399,194
Woodside Petroleum, Ltd.		63,933		2,224,988
				46,366,510
BRAZIL — 2.5%
Fibria Celulose SA ADR (a)(b)		137,187		1,602,344
Gerdau SA ADR		282,055		2,211,311
Petroleo Brasileiro SA ADR		149,860		2,065,071
Vale SA ADR (a)		411,618		6,277,175
				12,155,901
CANADA — 12.3%
Agrium, Inc.		90,125		8,242,302
Barrick Gold Corp.		367,945		6,486,870
Canadian Natural Resources, Ltd. (a)		110,289		3,730,623
First Quantum Minerals, Ltd.		187,186		3,371,991
Goldcorp, Inc.		256,574		5,563,732
Imperial Oil, Ltd. (a)		26,011		1,151,584
Kinross Gold Corp.		364,573		1,595,543
Potash Corp. of Saskatchewan, Inc. (a)		531,899		17,531,391
Silver Wheaton Corp.		111,889		2,258,841
Suncor Energy, Inc.		152,250		5,336,273
Teck Resources, Ltd. (Class B) (a)		147,361		3,834,853
Yamana Gold, Inc.		240,318		2,071,824
				61,175,827
CHILE — 0.3%
Sociedad Quimica y Minera de Chile SA ADR		58,157		1,505,103
CHINA — 0.5%
PetroChina Co., Ltd.		2,102,000		2,304,304
COLOMBIA — 0.2%
Ecopetrol SA, ADR (a)		24,872		956,328
FINLAND — 1.8%
Stora Enso Oyj		349,011		3,508,308
UPM-Kymmene Oyj		321,936		5,447,550
				8,955,858
FRANCE — 3.0%
Total SA		240,163		14,736,424
GERMANY — 1.3%
K+S AG (a)		105,546		3,254,154
ThyssenKrupp AG (b)		121,802		2,969,037
				6,223,191
HONG KONG — 0.6%
CNOOC, Ltd.		1,612,000		2,997,909
INDIA — 0.5%
Reliance Industries, Ltd. GDR (c)		79,633		2,312,542
ISRAEL — 0.4%
Israel Chemicals, Ltd.		263,663		2,197,571
ITALY — 1.3%
ENI SpA		272,871		6,576,283
JAPAN — 3.5%
JFE Holdings, Inc.		183,300		4,363,414
Nippon Steel Corp.		3,004,000		10,060,492
OJI Paper Co., Ltd.		611,000		3,133,333
				17,557,239
LUXEMBOURG — 1.1%
ArcelorMittal		305,122		5,453,142
NETHERLANDS — 0.4%
Nutreco NV		43,001		2,139,633
NORWAY — 1.5%
StatoilHydro ASA		106,644		2,583,988
Yara International ASA		109,272		4,700,955
				7,284,943
PERU — 0.4%
Southern Copper Corp.		62,115		1,783,322
RUSSIA — 3.8%
Gazprom OAO ADR		589,797		5,042,764
Lukoil OAO ADR (d)		48,072		3,002,096
Lukoil OAO ADR (d)		3,605		227,548
MMC Norilsk Nickel OJSC ADR		179,827		2,988,725
Novolipetsk Steel OJSC GDR		26,781		452,331
Rosneft Oil Co. GDR		105,060		800,032
Surgutneftegas OJSC ADR		97,123		839,143
Uralkali OJSC GDR		208,470		5,545,302
				18,897,941
SINGAPORE — 1.2%
Golden Agri-Resources, Ltd. (a)		4,085,000		1,763,286
Wilmar International, Ltd. (a)		1,529,000		4,141,597
				5,904,883
SOUTH AFRICA — 0.5%
Sasol, Ltd. ADR		50,437		2,494,110
SOUTH KOREA — 1.5%
POSCO ADR		98,079		7,650,162
SPAIN — 0.4%
Repsol YPF SA (a)		84,397		2,130,521
SWITZERLAND — 4.6%
Syngenta AG		57,139		22,820,906
UNITED KINGDOM — 14.3%
Anglo American PLC		439,327		9,604,780
Antofagasta PLC		122,687		1,674,370
BG Group PLC		344,713		7,407,823
BP PLC		1,898,787		15,348,508
Fresnillo PLC		54,095		667,929
Glencore Xstrata PLC (b)		3,496,200		18,107,135
Mondi PLC		225,073		3,899,246
Polyus Gold International, Ltd. (a)		212,878		700,751
Royal Dutch Shell PLC (Class A)		385,520		13,811,124
				71,221,666
UNITED STATES — 32.3%
Alcoa, Inc. (a)		337,686		3,589,602
Anadarko Petroleum Corp.		34,200		2,712,744
Apache Corp.		27,485		2,362,061
Archer-Daniels-Midland Co.		214,042		9,289,423
Bunge, Ltd.		47,731		3,919,192
CF Industries Holdings, Inc.		18,635		4,342,700
Chevron Corp.		131,714		16,452,396

78

SPDR S&P Global Natural Resources ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
ConocoPhillips		83,404	$	5,892,493
Devon Energy Corp.		26,230		1,622,850
EOG Resources, Inc.		18,603		3,122,327
Exxon Mobil Corp.		257,520		26,061,024
Freeport-McMoRan Copper & Gold, Inc.		328,014		12,379,248
International Paper Co.		144,814		7,100,230
MeadWestvaco Corp. (a)		58,170		2,148,218
Monsanto Co.		173,172		20,183,197
Newmont Mining Corp. (a)		157,136		3,618,842
Nucor Corp. (a)		100,471		5,363,142
Occidental Petroleum Corp.		54,926		5,223,463
Packaging Corp. of America		31,851		2,015,531
Phillips 66		41,617		3,209,919
Plum Creek Timber Co., Inc. (a)		56,819		2,642,652
Rayonier, Inc.		40,886		1,721,301
Rock-Tenn Co. (Class A)		23,383		2,455,449
Sealed Air Corp.		63,539		2,163,503
The Mosaic Co. (a)		110,569		5,226,597
Weyerhaeuser Co.		189,623		5,986,398
				160,804,502
TOTAL COMMON STOCKS —
(Cost $495,815,447)				494,606,721
RIGHTS — 0.0% (e)
SPAIN — 0.0% (e)
Repsol SA (expiring 1/9/14) (a)(b) (Cost $55,034)		84,397		57,682
SHORT TERM INVESTMENTS — 4.6%
UNITED STATES — 4.6%
MONEY MARKET FUNDS — 4.6%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		17,500,686		17,500,686
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		5,584,319		5,584,319
TOTAL SHORT TERM INVESTMENTS —
(Cost $23,085,005)				23,085,005
TOTAL INVESTMENTS — 104.1%
(Cost $518,955,486)				517,749,408
OTHER ASSETS & LIABILITIES — (4.1)%				(20,588,928	)
NET ASSETS — 100.0%			$	497,160,480

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.5% of net assets as of December 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(e)	Amount shown represents less than 0.05% of net assets.
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

PLC = Public Limited Company

79

SPDR S&P Global Natural Resources ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Oil, Gas & Consumable Fuels		36.7	%
Metals & Mining		28.8
Chemicals		19.4
Paper & Forest Products		6.1
Food Products		4.3
Containers & Packaging		3.3
Real Estate Investment Trusts		0.9
Short Term Investment		4.6
Other Assets & Liabilities		(4.1	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

80

SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.8%
AUSTRALIA — 5.8%
Alumina, Ltd. (a)(b)		247,646	$	247,035
Amcor, Ltd.		124,417		1,174,317
AMP, Ltd.		84,423		331,572
Australia & New Zealand Banking Group, Ltd.		79,124		2,281,506
BHP Billiton, Ltd.		112,328		3,817,775
Boral, Ltd. (b)		162,755		694,553
Brambles, Ltd.		61,189		500,896
CFS Retail Property Trust Group		188,258		327,587
Coca-Cola Amatil, Ltd.		85,175		916,707
Commonwealth Bank of Australia		43,486		3,026,788
CSL, Ltd.		22,236		1,371,851
Fortescue Metals Group, Ltd. (b)		68,596		357,170
Iluka Resources, Ltd. (b)		13,600		105,003
Insurance Australia Group, Ltd.		90,225		469,789
Lend Lease Group		77,298		770,383
Macquarie Group, Ltd.		21,717		1,068,030
National Australia Bank, Ltd.		48,450		1,509,733
Newcrest Mining, Ltd.		20,059		139,977
Origin Energy, Ltd.		68,102		857,249
Orora, Ltd. (a)		127,999		132,837
Qantas Airways, Ltd. (a)		24,825		24,320
QBE Insurance Group, Ltd.		29,385		302,590
Rio Tinto, Ltd.		10,594		646,204
Santos, Ltd.		59,813		782,876
Sonic Healthcare, Ltd.		29,495		437,508
Suncorp Group, Ltd.		88,150		1,033,110
Sydney Airport		23,661		80,440
Toll Holdings, Ltd.		16,541		84,055
Transurban Group		37,028		226,589
Wesfarmers, Ltd. (b)		17,179		676,859
Westfield Group		47,467		428,485
Westpac Banking Corp.		66,339		1,921,758
Woodside Petroleum, Ltd.		21,279		740,549
Woolworths, Ltd.		38,384		1,162,417
				28,648,518
AUSTRIA — 0.3%
Erste Group Bank AG		17,059		595,418
OMV AG		7,976		382,360
Raiffeisen International Bank-Holding AG (b)		10,625		375,095
Telekom Austria AG		16,291		123,555
				1,476,428
BELGIUM — 0.8%
Ageas		12,601		537,402
Anheuser-Busch InBev NV		16,982		1,807,910
Delhaize Group		3,600		214,299
KBC Groep NV		10,330		587,161
Solvay SA		3,188		505,184
UCB SA		5,351		399,196
				4,051,152
BRAZIL — 1.9%
AMBEV SA ADR		204,847		1,505,626
Banco Bradesco SA Preference Shares ADR (b)		77,753		974,245
Companhia Energetica de Minas Gerais ADR (b)		74,970		584,016
Companhia Siderurgica Nacional SA ADR (b)		50,375		312,325
Gerdau SA ADR		75,079		588,619
Itau Unibanco Holding SA Preference Shares ADR		112,198		1,522,527
Petroleo Brasileiro SA ADR (b)		131,504		1,931,794
Tim Participacoes SA ADR		8,183		214,722
Vale SA ADR (b)		16,777		255,849
Vale SA Preference Shares ADR		110,565		1,549,016
				9,438,739
CANADA — 7.4%
Agnico-Eagle Mines, Ltd.		4,494		118,557
Agrium, Inc.		5,910		540,494
Bank of Montreal		19,140		1,275,580
Bank of Nova Scotia		30,012		1,876,421
Barrick Gold Corp.		32,323		569,189
Blackberry, Ltd. (a)		16,451		122,318
Brookfield Asset Management, Inc. (Class A)		19,914		772,569
Brookfield Office Properties, Inc. (b)		33,305		641,023
Cameco Corp. (b)		13,332		276,553
Canadian Imperial Bank of Commerce (b)		11,850		1,011,795
Canadian National Railway Co.		34,218		1,950,345
Canadian Natural Resources, Ltd. (b)		37,166		1,257,173
Canadian Pacific Railway, Ltd.		7,966		1,204,459
Canadian Tire Corp., Ltd. (Class A) (b)		5,910		553,398
Cenovus Energy, Inc.		25,872		740,244
Eldorado Gold Corp.		17,060		96,821
Enbridge, Inc.		32,083		1,401,385
EnCana Corp. (b)		26,008		469,490
Enerplus Corp. (b)		10,459		189,985
First Quantum Minerals, Ltd.		12,139		218,673
Gildan Activewear, Inc.		13,947		743,096
Goldcorp, Inc.		23,850		517,180
Husky Energy, Inc.		13,476		427,427
IGM Financial, Inc. (b)		11,245		593,630
Imperial Oil, Ltd.		15,122		669,495
Kinross Gold Corp.		29,962		131,128
Loblaw Cos., Ltd. (b)		10,742		428,467
Manulife Financial Corp.		47,374		934,550
National Bank of Canada (b)		10,263		853,785
New Gold, Inc. (a)		16,925		88,568
Onex Corp.		18,789		1,014,164
Penn West Petroleum, Ltd. (b)		14,334		119,664
Potash Corp. of Saskatchewan, Inc.		32,283		1,064,048
Rogers Communications, Inc. (Class B) (b)		16,044		725,868
Royal Bank of Canada (b)		37,896		2,546,968
Shaw Communications, Inc. (Class B) (b)		17,194		418,320
Shoppers Drug Mart Corp. (b)		10,817		592,415
Silver Wheaton Corp.		10,772		217,468
SNC-Lavalin Group, Inc.		14,168		637,260
Sun Life Financial, Inc.		19,128		675,466
Suncor Energy, Inc.		37,686		1,320,872
Talisman Energy, Inc.		42,119		489,571
Teck Resources, Ltd. (Class B) (b)		24,016		624,981
TELUS Corp.		17,429		599,722
The Toronto-Dominion Bank		23,927		2,254,430

81

SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Thomson Reuters Corp. (b)		18,894	$	714,327
TransAlta Corp. (b)		20,546		260,668
TransCanada Corp. (b)		20,224		923,927
Valeant Pharmaceuticals International, Inc. (a)		6,163		722,855
Yamana Gold, Inc.		20,394		175,820
				36,772,612
CHILE — 0.3%
Empresa Nacional de Electricidad SA ADR (b)		16,788		748,409
Enersis SA ADR		51,769		776,017
Sociedad Quimica y Minera de Chile SA ADR (b)		3,939		101,942
				1,626,368
CHINA — 2.5%
Agricultural Bank of China, Ltd.		799,000		392,609
Bank of China, Ltd.		2,379,436		1,095,546
Bank of Communications Co., Ltd. (b)		472,710		333,480
China Construction Bank Corp.		1,749,720		1,320,118
China COSCO Holdings Co., Ltd. (a)(b)		339,295		165,408
China Life Insurance Co., Ltd.		276,000		863,195
China Merchants Bank Co., Ltd. (b)		199,014		424,016
China Petroleum & Chemical Corp.		911,800		744,374
China Shenhua Energy Co., Ltd.		67,500		212,849
China Telecom Corp., Ltd.		814,000		411,527
Hengan International Group Co., Ltd.		34,500		407,571
Huaneng Power International, Inc.		560,000		506,284
Industrial & Commercial Bank of China		1,889,045		1,276,620
PetroChina Co., Ltd.		696,000		762,986
PICC Property & Casualty Co., Ltd.		160,964		238,734
Ping An Insurance Group Co. of China, Ltd.		69,000		618,030
Tencent Holdings, Ltd.		27,900		1,779,699
Tingyi Cayman Islands Holding Corp.		136,000		392,894
Wumart Stores, Inc. (b)		64,000		104,001
Yanzhou Coal Mining Co., Ltd. (b)		134,000		122,356
Zijin Mining Group Co., Ltd. (Class H) (b)		688,000		147,294
				12,319,591
COLOMBIA — 0.1%
BanColombia SA ADR		5,118		250,884
DENMARK — 1.0%
A P Moller — Maersk A/S		69		750,014
Danske Bank A/S (a)		23,312		535,641
DSV A/S		17,917		588,397
Novo Nordisk A/S (Class B)		16,844		3,092,469
				4,966,521
FINLAND — 1.1%
Elisa Oyj		11,454		303,981
Fortum Oyj		17,069		391,141
Kone Oyj (Class B) (b)		26,214		1,184,787
Metso Oyj (b)		9,053		386,961
Neste Oil Oyj (b)		10,964		217,100
Nokia Oyj (a)		72,839		584,145
Sampo Oyj (Class A)		18,228		897,189
Stora Enso Oyj		46,485		467,274
UPM-Kymmene Oyj (b)		29,335		496,384
Wartsila Oyj (b)		8,241		406,193
				5,335,155
FRANCE — 6.6%
Accor SA		8,231		389,027
Air Liquide SA		10,712		1,517,389
Alstom SA		7,337		267,663
AXA SA		46,628		1,298,513
BNP Paribas		29,584		2,309,352
Bouygues SA (b)		7,826		295,693
Cap Gemini SA		5,403		365,776
Carrefour SA		20,889		829,267
Credit Agricole SA (a)		26,219		336,175
Danone		17,640		1,271,744
Essilor International SA		11,150		1,187,340
France Telecom SA		61,508		762,794
GDF Suez		32,277		760,318
Kering		4,576		968,840
L’Oreal SA		9,007		1,584,909
Lagardere SCA		6,235		232,143
LVMH Moet Hennessy Louis Vuitton SA		7,329		1,339,126
Pernod Ricard SA		6,396		729,835
Publicis Groupe SA		8,320		762,507
Renault SA		14,596		1,175,579
Sanofi		32,280		3,430,314
Schneider Electric SA		16,761		1,464,274
Societe Generale		19,893		1,157,316
Sodexo		4,858		492,952
Technip SA		5,065		487,575
Total SA		66,796		4,098,609
Unibail-Rodamco SE		2,427		622,873
Vallourec SA		3,561		194,312
Veolia Environnement SA		14,053		229,564
Vinci SA		17,529		1,152,632
Vivendi SA		42,647		1,125,651
				32,840,062
GERMANY — 6.9%
Adidas AG		10,474		1,337,040
Allianz SE		13,969		2,509,052
BASF SE		29,105		3,107,753
Bayer AG		22,848		3,209,732
Bayerische Motoren Werke AG		9,045		1,062,144
Commerzbank AG (a)		20,575		331,994
Daimler AG		29,297		2,539,260
Deutsche Bank AG		24,833		1,186,531
Deutsche Boerse AG		8,861		735,043
Deutsche Lufthansa AG (a)		12,815		272,293
Deutsche Post AG		34,213		1,249,310
Deutsche Telekom AG		93,010		1,593,067
E.ON AG		59,431		1,098,593
Fresenius Medical Care AG & Co. KGaA		9,628		686,297
Linde AG		4,380		917,685
MAN SE		4,992		613,926
Merck KGaA		3,536		634,634
Metro AG		6,304		305,768
Muenchener Rueckversicherungs- Gesellschaft AG		7,035		1,552,474
OSRAM Licht AG (a)		2,587		146,155

82

SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
RWE AG		15,326	$	561,856
SAP AG		29,452		2,528,750
Siemens AG		26,643		3,645,205
ThyssenKrupp AG (a)		12,556		306,064
Volkswagen AG		3,971		1,077,405
Volkswagen AG Preference Shares		3,933		1,106,386
				34,314,417
HONG KONG — 3.7%
AIA Group, Ltd.		332,600		1,668,630
Bank of East Asia, Ltd. (b)		246,886		1,045,972
Belle International Holdings, Ltd. (b)		204,000		235,999
Cheung Kong Holdings, Ltd.		69,000		1,089,228
China Mengniu Dairy Co., Ltd.		66,000		313,242
China Merchants Holdings International Co., Ltd.		141,588		516,774
China Mobile, Ltd.		209,000		2,167,158
China Overseas Land & Investment, Ltd. (b)		140,000		393,616
China Resources Enterprise, Ltd. (b)		136,000		451,652
China Unicom (Hong Kong), Ltd.		272,000		406,926
Citic Pacific, Ltd. (b)		140,000		214,141
CNOOC, Ltd.		627,217		1,166,464
COSCO Pacific, Ltd. (b)		297,752		408,587
Esprit Holdings, Ltd. (a)		6		12
Hang Lung Properties, Ltd.		140,000		442,367
Henderson Land Development Co., Ltd.		75,908		433,201
Hong Kong & China Gas Co., Ltd.		539,151		1,236,318
Hong Kong Exchanges and Clearing, Ltd.		57,205		953,939
Hutchison Whampoa, Ltd.		69,000		937,946
Li & Fung, Ltd. (b)		280,000		361,116
New World Development Co., Ltd. (b)		435,701		550,122
Sands China, Ltd.		83,600		683,032
Shangri-La Asia, Ltd.		138,333		269,753
Sun Hung Kai Properties, Ltd. (b)		73,030		926,326
Swire Pacific, Ltd.		69,000		808,912
The Link REIT		177,473		860,614
				18,542,047
HUNGARY — 0.1%
MOL Hungarian Oil and Gas NyRt		4,304		288,973
INDIA — 1.4%
Dr. Reddy’s Laboratories, Ltd. ADR		27,858		1,143,014
HDFC Bank, Ltd. ADR		41,897		1,442,933
ICICI Bank, Ltd. ADR (b)		30,684		1,140,524
Infosys Technologies, Ltd. ADR		19,395		1,097,757
Mahindra & Mahindra, Ltd. GDR		12,123		169,722
Reliance Industries, Ltd. GDR (c)		34,650		1,006,236
Tata Motors, Ltd. ADR		38,565		1,187,802
				7,187,988
INDONESIA — 0.6%
Astra Agro Lestari Tbk PT		98,500		203,151
Astra International Tbk PT		1,429,500		798,735
Bank Central Asia Tbk PT		244,000		192,473
Bank Mandiri Tbk PT		282,000		181,898
Bank Rakyat Indonesia Persero Tbk PT		1,325,600		789,696
Bumi Resources Tbk PT (a)		875,000		21,569
Charoen Pokphand Indonesia Tbk PT		716,500		198,701
Gudang Garam Tbk PT		33,000		113,887
Telekomunikasi Indonesia Persero Tbk PT		1,917,500		338,753
				2,838,863
IRELAND — 0.3%
CRH PLC		8,496		214,239
James Hardie Industries PLC		86,088		996,621
Perrigo Co. PLC		2,539		389,635
				1,600,495
ISRAEL — 0.5%
Bank Hapoalim BM		135,709		760,455
Bank Leumi Le-Israel BM (a)		123,916		506,231
Teva Pharmaceutical Industries, Ltd. ADR		32,181		1,289,815
				2,556,501
ITALY — 1.4%
Assicurazioni Generali SpA		32,461		764,877
Atlantia SpA (b)		24,205		543,992
Banca Monte dei Paschi di Siena SpA (a)(b)		205,154		49,584
Enel SpA		185,328		810,553
ENI SpA		63,873		1,539,361
Fiat SpA (a)(b)		50,279		411,881
Finmeccanica SpA (a)		15,397		116,796
Intesa Sanpaolo SpA		334,329		826,475
Mediobanca SpA (a)		22,201		194,564
Pirelli & C. SpA		28,799		499,219
Saipem SpA		13,691		293,547
Telecom Italia SpA		457,277		454,306
UBI Banca ScPA		32,673		222,227
UniCredit SpA		20,370		151,010
				6,878,392
JAPAN — 15.2%
Aeon Co., Ltd.		20,500		277,936
Aisin Seiki Co., Ltd.		13,700		556,577
Asahi Breweries, Ltd.		20,900		589,388
Asahi Glass Co., Ltd. (b)		68,000		423,120
Asahi Kasei Corp.		70,000		548,785
Astellas Pharma, Inc.		20,900		1,238,828
Bridgestone Corp. (b)		20,900		791,418
Canon, Inc. (b)		27,600		874,440
Central Japan Railway Co.		7,000		824,509
Chubu Electric Power Co., Inc.		27,800		359,452
Chuo Mitsui Trust Holdings, Inc.		69,000		363,693
Credit Saison Co., Ltd.		20,400		536,857
Daiichi Sankyo Co., Ltd.		27,900		510,458
Daikin Industries, Ltd.		20,900		1,302,460
Daiwa Securities Group, Inc.		68,000		679,321
DeNA Co., Ltd. (b)		7,200		151,529
Denso Corp.		14,000		739,261
East Japan Railway Co.		13,900		1,108,244
Eisai Co., Ltd.		7,000		271,395
Electric Power Development Co., Ltd.		7,000		204,129
FANUC Corp.		6,900		1,263,736
FUJIFILM Holdings Corp.		20,600		584,260
Fujitsu, Ltd. (a)		70,000		362,304
Hitachi, Ltd.		139,000		1,052,700
Honda Motor Co., Ltd.		48,800		2,010,409
Hoya Corp.		14,000		389,211
Inpex Corp.		27,200		348,847

83

SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
ITOCHU Corp.		69,700	$	861,427
Japan Real Estate Investment Corp.		140		751,249
Japan Retail Fund Investment Corp.		280		570,629
Japan Tobacco, Inc.		27,900		907,835
JFE Holdings, Inc.		20,600		490,378
JSR Corp.		14,000		271,196
JX Holdings, Inc.		125,608		646,534
Kajima Corp.		70,000		263,070
Kamigumi Co., Ltd.		69,000		632,853
KDDI Corp.		14,000		861,805
Keikyu Corp.		69,423		572,663
Kintetsu Corp. (b)		139,000		487,998
Kobe Steel, Ltd. (a)(b)		140,000		239,760
Komatsu, Ltd.		34,800		707,555
Konica Minolta Holdings, Inc.		35,000		349,317
Kubota Corp.		69,000		1,141,630
Kyocera Corp.		13,800		689,311
LIXIL Group Corp.		13,700		375,787
Makita Corp.		6,800		357,129
Marubeni Corp.		69,000		496,304
Marui Group Co., Ltd.		41,900		425,757
Mitsubishi Chemical Holdings Corp.		70,000		323,676
Mitsubishi Corp.		48,800		936,488
Mitsubishi Electric Corp.		69,000		866,562
Mitsubishi Estate Co., Ltd.		69,618		2,083,142
Mitsubishi Heavy Industries, Ltd.		139,000		860,939
Mitsubishi UFJ Financial Group, Inc.		288,500		1,904,943
Mitsui & Co., Ltd.		69,700		971,509
Mitsui Chemicals, Inc.		70,000		169,164
Mitsui Fudosan Co., Ltd.		21,000		756,244
Mizuho Financial Group, Inc.		400,500		868,788
MS&AD Insurance Group Holdings, Inc.		20,900		561,151
Murata Manufacturing Co., Ltd.		7,000		622,045
NEC Corp.		68,000		153,332
Nidec Corp. (b)		7,100		695,780
Nippon Steel Corp.		279,000		934,380
Nippon Telegraph & Telephone Corp.		13,900		748,528
Nippon Yusen K.K. (b)		70,000		223,776
Nissan Motor Co., Ltd.		69,700		586,221
Nitto Denko Corp.		6,900		291,152
NKSJ Holdings, Inc.		20,800		578,652
Nomura Holdings, Inc.		76,200		586,516
NTT Data Corp.		7,000		258,408
NTT DoCoMo, Inc.		55,800		915,799
Obayashi Corp.		70,000		398,934
ORIX Corp.		76,700		1,347,842
Osaka Gas Co., Ltd.		139,000		546,187
Panasonic Corp.		71,200		829,159
Resona Holdings, Inc.		20,900		106,583
Rohm Co., Ltd.		6,800		331,250
Secom Co., Ltd.		7,000		422,244
Seven & I Holdings Co., Ltd.		27,900		1,109,576
Sharp Corp. (a)		68,000		216,089
Shin-Etsu Chemical Co., Ltd.		13,900		812,007
Softbank Corp.		27,900		2,442,129
Sony Corp. (b)		34,600		601,109
Sumitomo Chemical Co., Ltd.		70,000		274,392
Sumitomo Corp.		34,900		438,637
Sumitomo Electric Industries, Ltd.		27,900		465,597
Sumitomo Mitsui Financial Group, Inc.		20,900		1,077,760
T&D Holdings, Inc.		13,700		191,478
Takeda Pharmaceutical Co., Ltd.		27,900		1,280,791
TDK Corp.		7,000		335,664
Teijin, Ltd.		139,000		309,462
Terumo Corp.		13,900		670,501
The Bank of Yokohama, Ltd.		70,000		390,276
The Chiba Bank, Ltd.		70,000		472,195
The Joyo Bank, Ltd.		70,000		357,642
The Kansai Electric Power Co., Inc. (a)		34,400		395,696
The Shizuoka Bank, Ltd.		69,000		736,578
The Tokyo Electric Power Co., Inc. (a)(b)		48,700		239,550
Tohoku Electric Power Co., Inc. (a)		14,100		158,701
Tokio Marine Holdings, Inc.		20,900		698,953
Tokyo Electron, Ltd.		7,000		383,616
Tokyo Gas Co., Ltd.		139,000		685,048
Tokyu Corp.		70,000		453,546
Toppan Printing Co., Ltd.		70,000		560,107
Toray Industries, Inc.		70,000		484,849
Toshiba Corp.		70,000		294,372
Toyota Motor Corp.		83,700		5,112,545
Toyota Tsusho Corp.		20,900		517,603
West Japan Railway Co.		13,900		603,054
Yahoo! Japan Corp.		90,700		504,824
Yamada Denki Co., Ltd.		41,100		134,517
Yamaha Corp.		27,000		428,743
Yamaha Motor Co., Ltd.		27,900		418,613
				75,599,068
LUXEMBOURG — 0.1%
ArcelorMittal		22,900		409,269
MEXICO — 1.0%
America Movil SAB de CV (b)		1,251,579		1,454,441
Cemex SAB de CV (a)(b)		505,168		591,677
Fomento Economico Mexicano SAB de CV (b)		65,277		629,985
Grupo Financiero Banorte SAB de CV		145,480		1,014,805
Grupo Mexico SAB de CV		81,664		269,550
Grupo Televisa SA de CV (Series CPO) (b)		127,586		766,657
Industrias Penoles SA de CV		5,873		145,368
				4,872,483
NETHERLANDS — 2.6%
Akzo Nobel NV		11,482		891,390
ASML Holding NV		12,610		1,182,259
CNH Industrial NV (a)		23,392		267,050
European Aeronautic Defence and Space Co. NV		16,422		1,262,907
Heineken NV		8,860		599,200
ING Groep NV (a)		85,744		1,193,324
Koninklijke (Royal) KPN NV (a)		184,993		597,257
Koninklijke Ahold NV		45,493		818,066
Koninklijke DSM NV		9,951		783,777
Koninklijke Philips NV		40,961		1,503,902
Reed Elsevier NV		37,315		791,840
TNT Express NV		18,421		171,286
Unilever NV		58,453		2,357,963

84

SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Wolters Kluwer NV		17,932	$	512,596
				12,932,817
NORWAY — 0.6%
DnB NOR ASA		56,092		1,003,154
Norsk Hydro ASA		84,808		378,409
StatoilHydro ASA		33,742		817,570
Telenor ASA		27,060		644,960
Yara International ASA		6,936		298,391
				3,142,484
PERU — 0.1%
Cia de Minas Buenaventura SA ADR		4,875		54,698
Credicorp, Ltd.		2,022		268,380
				323,078
PHILIPPINES — 0.0% (d)
Philippine Long Distance Telephone Co. ADR		4,008		240,801
POLAND — 0.0% (d)
Telekomunikacja Polska SA GDR (b)		53,753		174,579
PORTUGAL — 0.0% (d)
Portugal Telecom SGPS SA		52,337		227,892
RUSSIA — 1.2%
Federal Hydrogenerating Co. JSC ADR (e)		40,054		68,092
Federal Hydrogenerating Co. JSC ADR (e)		8,461		14,604
Gazprom OAO ADR		163,397		1,397,044
Lukoil OAO ADR		19,854		1,253,184
MMC Norilsk Nickel OJSC ADR		10,760		178,831
Mobile Telesystems OJSC ADR		32,631		705,808
Sberbank of Russia ADR		45,472		572,038
Surgutneftegas OJSC ADR Preference Shares		45,867		355,928
Tatneft OAO ADR		26,490		1,012,448
Uralkali OJSC GDR		6,875		182,875
				5,740,852
SINGAPORE — 1.1%
CapitaLand, Ltd.		139,000		333,574
DBS Group Holdings, Ltd.		71,379		966,720
Singapore Exchange, Ltd.		139,000		799,255
Singapore Press Holdings, Ltd. (b)		209,000		681,990
Singapore Telecommunications, Ltd.		488,000		1,414,605
United Overseas Bank, Ltd.		69,014		1,160,983
				5,357,127
SOUTH AFRICA — 1.3%
Anglo Platinum, Ltd. (a)(b)		5,496		206,701
AngloGold Ashanti, Ltd.		14,527		170,489
Discovery Holdings, Ltd.		32,388		261,300
FirstRand, Ltd.		136,557		467,935
Gold Fields, Ltd.		33,082		103,885
Harmony Gold Mining Co., Ltd.		28,870		71,391
Impala Platinum Holdings, Ltd. (b)		20,950		246,029
MTN Group, Ltd.		51,356		1,064,115
Naspers, Ltd.		14,016		1,466,683
Sanlam, Ltd.		134,306		682,702
Sasol, Ltd.		21,095		1,036,246
Standard Bank Group, Ltd. (b)		45,653		564,116
				6,341,592
SOUTH KOREA — 3.9%
Celltrion, Inc. (a)(b)		4,561		165,741
CJ CheilJedang Corp. (a)		766		201,054
E-Mart Co., Ltd. (a)		872		220,200
Hana Financial Group, Inc.		17,535		729,413
Hyundai Department Store Co., Ltd. (a)		1,474		224,868
Hyundai Development Co. (a)		10,964		241,024
Hyundai Heavy Industries Co., Ltd. (a)		2,367		576,414
Hyundai Hysco Co., Ltd. (a)		5,740		225,717
Hyundai Mobis (a)		3,471		965,309
Hyundai Motor Co.		4,921		1,102,778
KB Financial Group, Inc. (a)		17,513		701,117
Kia Motors Corp. (a)		16,424		873,062
Korea Electric Power Corp. ADR (a)		19,696		327,150
Korea Zinc Co., Ltd. (a)		1,077		324,524
KT Corp. ADR		14,162		210,589
KT&G Corp.		5,428		383,177
LG Chem, Ltd. Preference Shares (a)		4,500		650,258
LG Electronics, Inc. (a)(b)		6,423		414,466
LG Household & Health Care, Ltd.		436		226,397
Lotte Chemical Corp. (a)		985		216,535
NAVER Corp. (a)		1,265		867,826
NCSoft Corp. (a)		767		180,603
NHN Entertainment Corp. (a)		570		52,066
POSCO ADR		10,591		826,098
Samsung C&T Corp. (a)		3,374		193,741
Samsung Electronics Co., Ltd. GDR		7,054		4,606,262
Samsung Engineering Co., Ltd. (a)		1,161		72,607
Samsung Fire & Marine Insurance Co., Ltd.		2,220		544,824
Samsung Heavy Industries Co., Ltd. (a)		4,360		157,197
Samsung Securities Co., Ltd.		7,540		314,717
Shinhan Financial Group Co., Ltd. (a)		13,241		593,452
SK Holdings Co., Ltd. (a)		2,612		472,727
SK Hynix, Inc. (a)		11,080		386,359
SK Innovation Co., Ltd. (a)		3,354		449,700
SK Telecom Co., Ltd. ADR (b)		16,291		401,084
				19,099,056
SPAIN — 2.1%
Abertis Infraestructuras SA (b)		28,094		625,201
ACS, Actividades de Construccion y Servicios SA		13,485		464,913
Banco Bilbao Vizcaya Argentaria SA		80,252		989,498
Banco Popular Espanol SA (a)		11,299		68,272
Banco Santander SA		232,472		2,084,097
Ferrovial SA		37,344		723,759
Gas Natural SDG SA		11,654		300,216
Iberdrola SA		147,332		940,979
Industria de Diseno Textil SA		6,649		1,097,606
Mapfre SA (b)		79,641		341,625
Repsol YPF SA		34,155		862,210
Telefonica SA		106,884		1,743,068
				10,241,444
SWEDEN — 2.4%
Assa Abloy AB (Class B)		18,263		966,239
Atlas Copco AB (Class B)		43,533		1,106,185
Hennes & Mauritz AB (Class B)		29,840		1,376,173
Husqvarna AB (Class B) (b)		84,712		510,704

85

SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Nordea Bank AB		102,870	$	1,387,862
Sandvik AB		37,630		531,411
Securitas AB (Class B)		22,690		241,469
Skandinaviska Enskilda Banken AB (Class A)		40,600		536,057
Skanska AB (Class B)		22,624		462,865
SKF AB (Class B)		21,992		577,656
Svenska Handelsbanken AB (Class A)		19,338		951,454
Swedbank AB (Class A)		24,738		697,160
Tele2 AB		28,171		319,537
Telefonaktiebolaget LM Ericsson (Class B)		95,144		1,162,894
TeliaSonera AB		66,805		557,003
Volvo AB (Class B)		39,049		513,451
				11,898,120
SWITZERLAND — 6.6%
ABB, Ltd. (a)		66,295		1,750,274
Adecco SA (a)		5,632		447,090
Cie Financiere Richemont SA		6,492		648,214
Credit Suisse Group AG (a)		28,768		882,109
Geberit AG		2,093		636,596
Givaudan SA (a)		551		789,311
Glencore Xstrata PLC (a)		147,727		765,091
Holcim, Ltd. (a)		8,805		660,858
Kuehne & Nagel International AG		5,186		682,836
Nestle SA		80,214		5,889,666
Novartis AG		66,045		5,287,462
Roche Holding AG		22,292		6,246,322
SGS SA		279		643,737
Swiss Re AG (a)		9,500		876,455
Syngenta AG		3,828		1,528,876
The Swatch Group AG		2,402		1,592,150
Transocean, Ltd.		4,109		200,703
UBS AG (a)		93,697		1,782,598
Zurich Insurance Group AG (a)		4,423		1,285,597
				32,595,945
TAIWAN — 1.6%
Advanced Semiconductor Engineering Inc, ADR (b)		214,428		1,029,254
AU Optronics Corp. ADR (a)(b)		92,822		289,605
Chunghwa Telecom Co., Ltd. ADR (b)		28,515		882,824
Hon Hai Precision Industry Co., Ltd. GDR		319,903		1,701,884
Siliconware Precision Industries Co. ADR		139,070		831,639
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		122,515		2,136,661
United Microelectronics Corp. ADR (b)		501,792		1,023,656
				7,895,523
THAILAND — 0.5%
Bangkok Bank PCL		289,576		1,568,610
IRPC PCL (b)		1,768,000		175,401
PTT PCL		56,577		492,423
				2,236,434
TURKEY — 0.2%
Akbank TAS		156,365		487,617
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		194,749		190,353
Turkiye Garanti Bankasi AS		69,939		226,565
Turkiye Is Bankasi (Class C)		115,192		249,310
				1,153,845
UNITED KINGDOM — 16.6%
3i Group PLC		82,069		523,454
Anglo American PLC		44,271		967,874
AstraZeneca PLC		46,288		2,740,371
BAE Systems PLC		86,799		625,359
Barclays PLC		409,228		1,843,232
BG Group PLC		109,436		2,351,761
BHP Billiton PLC		55,058		1,704,336
BP PLC		562,356		4,545,705
British American Tobacco PLC		62,088		3,329,738
British Land Co. PLC		76,452		796,462
British Sky Broadcasting Group PLC		45,069		630,008
BT Group PLC		108,646		682,711
Burberry Group PLC		18,528		465,215
Capita Group PLC		17,456		300,101
Centrica PLC		206,137		1,187,097
Cobham PLC		27,350		124,344
Compass Group PLC		83,367		1,336,581
Diageo PLC		87,444		2,896,580
Experian PLC		26,586		490,528
Fresnillo PLC		7,620		94,087
G4S PLC		41,050		178,471
GlaxoSmithKline PLC		160,478		4,283,230
Hammerson PLC		66,089		549,488
HSBC Holdings PLC		531,655		5,832,783
ICAP PLC		76,174		569,753
Imperial Tobacco Group PLC		31,867		1,233,989
Intercontinental Hotels Group PLC		31,027		1,034,449
J Sainsbury PLC		69,878		422,434
Land Securities Group PLC		37,228		594,083
Lloyds Banking Group PLC (a)		678,343		886,221
Marks & Spencer Group PLC		58,563		419,600
National Grid PLC		142,455		1,859,215
Next PLC		11,733		1,059,086
Old Mutual PLC		373,513		1,169,830
Pearson PLC		31,489		699,380
Prudential PLC		43,092		956,372
Randgold Resources, Ltd.		1,920		120,522
Reckitt Benckiser Group PLC		23,196		1,841,391
Reed Elsevier PLC		45,844		682,602
Rio Tinto PLC		41,278		2,330,961
Rolls-Royce Holdings PLC (a)		50,748		1,071,654
Royal Bank of Scotland Group PLC (a)		77,032		431,362
Royal Dutch Shell PLC (Class A)		114,833		4,113,853
Royal Dutch Shell PLC (Class B)		87,039		3,286,808
RSA Insurance Group PLC		118,453		179,316
SABMiller PLC		28,796		1,478,971
Scottish & Southern Energy PLC		38,251		867,938
Severn Trent PLC		20,713		584,915
Shire PLC		15,134		714,873
Smith & Nephew PLC		43,656		622,548
Smiths Group PLC		10,453		256,229
Standard Chartered PLC		46,730		1,052,593
Standard Life PLC		111,029		661,274
Tesco PLC		255,308		1,413,811
The Sage Group PLC		63,317		423,355
Tullow Oil PLC		16,158		228,812

86

SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Unilever PLC		44,820	$	1,842,465
United Utilities Group PLC		30,686		341,281
Vodafone Group PLC		1,544,890		6,064,172
Whitbread PLC		18,359		1,140,569
Wolseley PLC		6,945		393,966
WPP PLC		45,217		1,033,490
				82,563,659
TOTAL COMMON STOCKS —
(Cost $491,244,444)				494,979,774
RIGHTS — 0.0% (d)
SPAIN — 0.0% (d)
Repsol SA (expiring 1/9/14) (a)(b) (Cost $22,272)		34,155		23,343
SHORT TERM INVESTMENTS — 4.6%
UNITED STATES — 4.6%
MONEY MARKET FUNDS — 4.6%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		17,255,702		17,255,702
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		5,631,615		5,631,615
TOTAL SHORT TERM INVESTMENTS —
(Cost $22,887,317)				22,887,317
TOTAL INVESTMENTS — 104.4%
(Cost $514,154,033)				517,890,434
OTHER ASSETS & LIABILITIES — (4.4)%				(21,959,104	)
NET ASSETS — 100.0%			$	495,931,330

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.2% of net assets as of December 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d)	Amount shown represents less than 0.05% of net assets.
(e)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

PCL = Public Company Limited

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SCA = Societe en Commandite par Actions

87

SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		14.9	%
Oil, Gas & Consumable Fuels		9.7
Pharmaceuticals		7.7
Insurance		4.7
Metals & Mining		4.3
Automobiles		3.9
Wireless Telecommunication Services		3.6
Chemicals		3.5
Diversified Telecommunication Services		2.7
Food Products		2.7
Semiconductors & Semiconductor Equipment		2.4
Beverages		2.2
Machinery		2.1
Real Estate Management & Development		2.1
Media		1.8
Food & Staples Retailing		1.8
Capital Markets		1.6
Textiles, Apparel & Luxury Goods		1.6
Road & Rail		1.5
Industrial Conglomerates		1.5
Diversified Financial Services		1.4
Tobacco		1.3
Electric Utilities		1.3
Real Estate Investment Trusts		1.1
Electronic Equipment, Instruments & Components		1.1
Electrical Equipment		1.1
Hotels, Restaurants & Leisure		1.1
Multi-Utilities		1.0
Trading Companies & Distributors		1.0
Construction & Engineering		1.0
Building Products		0.8
Auto Components		0.7
Internet Software & Services		0.7
Software		0.6
Multiline Retail		0.6
Aerospace & Defense		0.5
Construction Materials		0.5
Transportation Infrastructure		0.5
Specialty Retail		0.5
Gas Utilities		0.5
Household Durables		0.5
IT Services		0.5
Household Products		0.5
Health Care Equipment & Supplies		0.4
Personal Products		0.4
Commercial Services & Supplies		0.4
Professional Services		0.4
Communications Equipment		0.3
Marine		0.3
Independent Power Producers & Energy Traders		0.3
Air Freight & Logistics		0.3
Biotechnology		0.3
Office Electronics		0.3
Containers & Packaging		0.2
Health Care Providers & Services		0.2
Energy Equipment & Services		0.2
Paper & Forest Products		0.2
Water Utilities		0.2
Consumer Finance		0.1
Leisure Equipment & Products		0.1
Airlines		0.1
Computers & Peripherals		0.0	***
Short Term Investment		4.6
Other Assets & Liabilities		(4.4	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

*** Amount shown represents less than 0.05% of net assets.

88

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.3%
AUSTRALIA — 2.7%
Alumina, Ltd. (a)(b)		6,673	$	6,657
Amcor, Ltd.		564		5,323
AMP, Ltd.		1,975		7,757
Australia & New Zealand Banking Group, Ltd.		447		12,889
BHP Billiton, Ltd.		574		19,509
Boral, Ltd. (b)		1,866		7,963
Brambles, Ltd.		1,368		11,199
CFS Retail Property Trust Group (b)		7,705		13,407
Coca-Cola Amatil, Ltd. (b)		675		7,265
Commonwealth Bank of Australia		144		10,023
CSL, Ltd.		263		16,226
Fortescue Metals Group, Ltd. (b)		1,017		5,295
Iluka Resources, Ltd. (b)		273		2,108
Insurance Australia Group, Ltd.		3,016		15,704
Lend Lease Group		1,541		15,358
Macquarie Group, Ltd.		273		13,410
National Australia Bank, Ltd.		566		17,637
Newcrest Mining, Ltd. (b)		323		2,254
Origin Energy, Ltd.		653		8,220
Orora, Ltd. (a)		285		296
OZ Minerals, Ltd. (b)		990		2,790
QBE Insurance Group, Ltd.		476		4,902
Recall Holdings, Ltd. (a)		137		498
Rio Tinto, Ltd.		205		12,504
Santos, Ltd.		738		9,659
Shopping Centres Australasia Property Group		22		30
Sonic Healthcare, Ltd.		712		10,561
Suncorp Group, Ltd.		991		11,614
Sydney Airport		148		503
Toll Holdings, Ltd.		1,895		9,630
Transurban Group (b)		911		5,575
Wesfarmers, Ltd.		625		24,625
Westfield Group		1,153		10,408
Westpac Banking Corp.		661		19,148
Woodside Petroleum, Ltd.		265		9,223
Woolworths, Ltd.		232		7,026
				337,196
AUSTRIA — 0.1%
OMV AG		277		13,279
BELGIUM — 0.4%
Anheuser-Busch InBev NV		161		17,140
Delhaize Group		145		8,631
Solvay SA		75		11,885
UCB SA		244		18,203
				55,859
BRAZIL — 0.8%
AMBEV SA ADR		1,558		11,451
Banco Bradesco SA Preference Shares ADR		893		11,189
Companhia Energetica de Minas Gerais ADR (b)		896		6,980
Companhia Siderurgica Nacional SA ADR (b)		1,028		6,374
Gerdau SA ADR		929		7,283
Itau Unibanco Holding SA Preference Shares ADR		1,003		13,611
Oi SA ADR (b)		1,080		1,717
PDG Realty SA Empreendimentos e Participacoes ADR (a)		696		1,114
Petroleo Brasileiro SA ADR (b)		1,163		17,085
Tim Participacoes SA ADR		354		9,289
Vale SA Preference Shares ADR		1,236		17,316
				103,409
CANADA — 3.7%
Agrium, Inc.		69		6,310
Bank of Montreal (b)		151		10,063
Bank of Nova Scotia		191		11,942
Barrick Gold Corp.		295		5,195
Brookfield Asset Management, Inc. (Class A)		293		11,367
Brookfield Office Properties, Inc.		417		8,026
Cameco Corp. (b)		393		8,152
Canadian Imperial Bank of Commerce (b)		69		5,891
Canadian National Railway Co.		297		16,928
Canadian Natural Resources, Ltd. (b)		297		10,046
Canadian Pacific Railway, Ltd.		63		9,526
Canadian Tire Corp., Ltd. (Class A)		73		6,836
Cenovus Energy, Inc. (b)		377		10,787
Eldorado Gold Corp.		405		2,298
Enbridge, Inc.		336		14,676
EnCana Corp. (b)		552		9,965
Enerplus Corp. (b)		434		7,883
First Quantum Minerals, Ltd.		210		3,783
Goldcorp, Inc.		289		6,267
IAMGOLD Corp.		436		1,449
IGM Financial, Inc. (b)		116		6,124
Imperial Oil, Ltd. (b)		216		9,563
Kinross Gold Corp.		639		2,797
Loblaw Cos., Ltd. (b)		232		9,254
Manulife Financial Corp.		774		15,269
National Bank of Canada		204		16,971
Onex Corp.		257		13,872
Penn West Petroleum, Ltd. (b)		334		2,788
Potash Corp. of Saskatchewan, Inc. (b)		220		7,251
Rogers Communications, Inc. (Class B) (b)		409		18,504
Royal Bank of Canada (b)		358		24,061
Shaw Communications, Inc. (Class B) (b)		273		6,642
Shoppers Drug Mart Corp. (b)		179		9,803
Silver Wheaton Corp.		193		3,896
SNC-Lavalin Group, Inc.		171		7,691
Sun Life Financial, Inc.		422		14,902
Suncor Energy, Inc.		601		21,065
Talisman Energy, Inc.		701		8,148
Teck Resources, Ltd. (Class B) (b)		214		5,569
TELUS Corp.		578		19,889
The Toronto-Dominion Bank		165		15,547
TMX Group, Ltd. (b)		8		384
TransAlta Corp. (b)		670		8,500
TransCanada Corp. (b)		120		5,482
Valeant Pharmaceuticals International, Inc. (a)		234		27,446
Yamana Gold, Inc.		589		5,078
				453,886

89

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
CHILE — 0.2%
Empresa Nacional de Electricidad SA ADR (b)		228	$	10,164
Enersis SA ADR		591		8,859
Sociedad Quimica y Minera de Chile SA ADR		130		3,365
				22,388
CHINA — 1.3%
Agricultural Bank of China, Ltd.		14,000		6,879
Bank of China, Ltd.		27,000		12,431
Bank of Communications Co., Ltd. (b)		10,000		7,055
China Construction Bank Corp.		13,000		9,808
China Life Insurance Co., Ltd.		3,000		9,383
China Merchants Bank Co., Ltd.		2,674		5,697
China Petroleum & Chemical Corp.		11,200		9,143
China Shenhua Energy Co., Ltd.		1,500		4,730
China Telecom Corp., Ltd.		12,000		6,067
Hengan International Group Co., Ltd.		1,000		11,814
Huaneng Power International, Inc.		8,000		7,233
Industrial & Commercial Bank of China		22,000		14,868
PetroChina Co., Ltd.		8,000		8,770
PICC Property & Casualty Co., Ltd.		4,220		6,259
Ping An Insurance Group Co. of China, Ltd.		1,000		8,957
Tencent Holdings, Ltd.		400		25,515
Wumart Stores, Inc. (b)		4,000		6,500
Yanzhou Coal Mining Co., Ltd. (b)		4,000		3,652
				164,761
COLOMBIA — 0.1%
BanColombia SA ADR (b)		191		9,363
DENMARK — 0.6%
A P Moller — Maersk A/S		2		21,739
Danske Bank A/S (a)		334		7,674
DSV A/S		501		16,453
Novo Nordisk A/S (Class B)		149		27,356
				73,222
FINLAND — 0.4%
Fortum Oyj		261		5,981
Metso Oyj		155		6,625
Nokia Oyj (a)		1,616		12,960
Sampo Oyj (Class A)		183		9,008
UPM-Kymmene Oyj		595		10,068
Wartsila Oyj		177		8,724
				53,366
FRANCE — 3.3%
Accor SA		314		14,841
Alstom SA		242		8,828
AXA SA		629		17,517
BNP Paribas		333		25,994
Bouygues SA		189		7,141
Cap Gemini SA		236		15,977
Carrefour SA		365		14,490
Credit Agricole SA (a)		664		8,514
Danone		179		12,905
Essilor International SA		120		12,778
France Telecom SA		914		11,335
GDF Suez		320		7,538
Groupe Fnac (a)		2		66
Kering		41		8,681
LVMH Moet Hennessy Louis Vuitton SA		65		11,876
Pernod Ricard SA		88		10,041
Publicis Groupe SA		151		13,839
Renault SA		222		17,880
Sanofi		293		31,136
Schneider Electric SA		212		18,521
Societe Generale		267		15,533
Sodexo		187		18,975
Technip SA		98		9,434
Total SA		454		27,857
Unibail-Rodamco SE		71		18,222
Vallourec SA		78		4,256
Veolia Environnement SA		556		9,083
Vinci SA		271		17,820
Vivendi SA		689		18,186
				409,264
GERMANY — 3.1%
Adidas AG		161		20,552
Allianz SE		151		27,122
BASF SE		244		26,054
Bayer AG		287		40,318
Commerzbank AG (a)		271		4,373
Daimler AG		336		29,122
Deutsche Bank AG		326		15,576
Deutsche Boerse AG		116		9,622
Deutsche Lufthansa AG (a)		696		14,789
Deutsche Post AG		578		21,106
Deutsche Telekom AG		953		16,323
E.ON AG		597		11,036
Fresenius Medical Care AG & Co. KGaA		65		4,633
Linde AG		41		8,590
MAN SE		55		6,764
Merck KGaA		102		18,307
Muenchener Rueckversicherungs- Gesellschaft AG		88		19,420
OSRAM Licht AG (a)		6		339
RWE AG		200		7,332
Salzgitter AG (b)		212		9,056
SAP AG		297		25,500
Siemens AG		138		18,881
ThyssenKrupp AG (a)		373		9,092
Volkswagen AG		71		19,264
				383,171
HONG KONG — 2.1%
AIA Group, Ltd.		2,800		14,047
Bank of East Asia, Ltd.		2,267		9,604
Cheung Kong Holdings, Ltd.		2,000		31,572
China Mobile, Ltd.		1,500		15,554
China Overseas Land & Investment, Ltd. (b)		4,000		11,246
China Resources Enterprise, Ltd. (b)		4,000		13,284
China Unicom (Hong Kong), Ltd.		4,000		5,984
Citic Pacific, Ltd. (b)		4,000		6,118
CNOOC, Ltd.		6,000		11,158
COSCO Pacific, Ltd. (b)		4,182		5,739
Hang Lung Properties, Ltd.		2,000		6,320
Henderson Land Development Co., Ltd.		2,147		12,253
Hong Kong Exchanges and Clearing, Ltd.		616		10,272
Hutchison Whampoa, Ltd.		2,000		27,187

90

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Li & Fung, Ltd. (b)		4,000	$	5,159
New World Development Co., Ltd. (b)		6,224		7,859
Sands China, Ltd.		1,600		13,072
Shangri-La Asia, Ltd.		4,000		7,800
Sun Hung Kai Properties, Ltd. (b)		2,062		26,155
Swire Pacific, Ltd.		1,000		11,723
The Link REIT		2,058		9,980
				262,086
HUNGARY — 0.1%
MOL Hungarian Oil and Gas NyRt		45		3,021
Richter Gedeon NyRt		367		7,489
				10,510
INDIA — 0.6%
Axis Bank, Ltd. GDR		160		3,336
Dr. Reddy’s Laboratories, Ltd. ADR (b)		419		17,192
HDFC Bank, Ltd. ADR (b)		318		10,952
ICICI Bank, Ltd. ADR (b)		261		9,701
Infosys Technologies, Ltd. ADR		183		10,358
Mahindra & Mahindra, Ltd. GDR		479		6,706
Reliance Industries, Ltd. GDR (c)		324		9,409
Tata Motors, Ltd. ADR (b)		354		10,903
				78,557
INDONESIA — 0.4%
Astra Agro Lestari Tbk PT		3,000		6,187
Astra International Tbk PT		10,000		5,588
Bank Central Asia Tbk PT		9,000		7,099
Bank Mandiri Tbk PT		9,000		5,805
Bank Rakyat Indonesia Persero Tbk PT		10,500		6,255
Gudang Garam Tbk PT		1,000		3,451
Telekomunikasi Indonesia Persero Tbk PT		66,000		11,660
				46,045
IRELAND — 0.8%
Accenture PLC (Class A) (b)		204		16,773
Allegion PLC (a)(b)		66		2,916
Covidien PLC (b)		407		27,717
CRH PLC		306		7,716
Eaton Corp. PLC		407		30,981
Mallinckrodt PLC (a)(b)		25		1,306
Perrigo Co. PLC		17		2,609
Seagate Technology PLC (b)		204		11,457
				101,475
ISRAEL — 0.2%
Bank Hapoalim BM		1,363		7,638
Bank Leumi Le-Israel BM (a)		1,785		7,292
Teva Pharmaceutical Industries, Ltd. ADR		234		9,379
				24,309
ITALY — 0.7%
Assicurazioni Generali SpA		566		13,337
Enel SpA		2,489		10,886
ENI SpA		529		12,749
Intesa Sanpaolo SpA		4,492		11,104
Mediaset SpA (a)		2,208		10,485
Saipem SpA		112		2,401
Telecom Italia SpA		10,495		10,427
UniCredit SpA		1,498		11,105
				82,494
JAPAN — 8.1%
Aisin Seiki Co., Ltd.		200		8,125
Asahi Breweries, Ltd.		200		5,640
Asahi Kasei Corp.		2,000		15,680
Astellas Pharma, Inc.		200		11,855
Bridgestone Corp.		200		7,573
Canon, Inc.		200		6,337
Chuo Mitsui Trust Holdings, Inc.		2,000		10,542
Credit Saison Co., Ltd.		400		10,527
Daiichi Sankyo Co., Ltd.		600		10,978
Daikin Industries, Ltd.		200		12,464
Daiwa Securities Group, Inc.		2,000		19,980
Denso Corp.		400		21,122
Eisai Co., Ltd.		200		7,754
FUJIFILM Holdings Corp.		400		11,345
Fujitsu, Ltd. (a)		1,000		5,176
Hitachi, Ltd.		2,000		15,147
Hokuhoku Financial Group, Inc.		4,000		7,992
Honda Motor Co., Ltd. (b)		400		16,479
Hoya Corp.		400		11,120
ITOCHU Corp.		600		7,415
Japan Tobacco, Inc.		400		13,016
JFE Holdings, Inc.		400		9,522
JSR Corp. (b)		400		7,748
JX Holdings, Inc.		1,000		5,147
Kajima Corp.		2,000		7,516
Kamigumi Co., Ltd.		2,000		18,344
KDDI Corp.		400		24,623
Kobe Steel, Ltd. (a)(b)		6,000		10,275
Komatsu, Ltd. (b)		400		8,133
Konica Minolta Holdings, Inc.		1,000		9,980
Kyocera Corp.		400		19,980
Makita Corp.		200		10,504
Marubeni Corp.		2,000		14,386
Marui Group Co., Ltd.		1,800		18,290
Mitsubishi Chemical Holdings Corp.		1,000		4,624
Mitsubishi Corp.		400		7,676
Mitsubishi Electric Corp.		2,000		25,118
Mitsubishi Heavy Industries, Ltd.		2,000		12,388
Mitsubishi UFJ Financial Group, Inc.		3,500		23,110
Mitsui & Co., Ltd.		400		5,575
Mizuho Financial Group, Inc. (b)		7,300		15,836
MS&AD Insurance Group Holdings, Inc.		400		10,740
Murata Manufacturing Co., Ltd.		200		17,773
NEC Corp. (b)		2,000		4,510
Nippon Steel Corp.		5,000		16,745
Nippon Yusen K.K. (b)		4,000		12,787
Nissan Motor Co., Ltd. (b)		800		6,729
Nitto Denko Corp.		200		8,439
NKSJ Holdings, Inc.		400		11,128
Nomura Holdings, Inc.		1,900		14,624
NTT Data Corp.		200		7,383
Obayashi Corp.		2,000		11,398
ORIX Corp.		800		14,058
Osaka Gas Co., Ltd.		2,000		7,859
Panasonic Corp. (b)		1,200		13,975
Resona Holdings, Inc.		1,200		6,120
Rohm Co., Ltd.		200		9,743
Secom Co., Ltd.		200		12,064
Seven & I Holdings Co., Ltd.		200		7,954
Shin-Etsu Chemical Co., Ltd.		200		11,684

91

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Softbank Corp.		400	$	35,013
Sony Corp. (b)		600		10,424
Sumitomo Chemical Co., Ltd.		2,000		7,840
Sumitomo Corp.		400		5,027
Sumitomo Electric Industries, Ltd.		600		10,013
Sumitomo Mitsui Financial Group, Inc.		400		20,627
T&D Holdings, Inc.		800		11,181
Takeda Pharmaceutical Co., Ltd.		200		9,181
TDK Corp.		200		9,590
Teijin, Ltd.		2,000		4,453
Terumo Corp.		200		9,647
The Joyo Bank, Ltd.		2,000		10,218
The Kansai Electric Power Co., Inc. (a)		400		4,601
Tokio Marine Holdings, Inc.		400		13,377
Tokyo Electron, Ltd.		200		10,960
Tokyu Corp.		2,000		12,958
Toppan Printing Co., Ltd.		2,000		16,003
Toshiba Corp.		2,000		8,411
Toyota Motor Corp.		800		48,865
Toyota Tsusho Corp.		600		14,859
West Japan Railway Co.		200		8,677
Yamada Denki Co., Ltd. (b)		800		2,618
Yamaha Corp.		1,200		19,055
				1,004,353
LUXEMBOURG — 0.1%
ArcelorMittal		397		7,095
MEXICO — 0.6%
America Movil SAB de CV		15,240		17,710
Cemex SAB de CV (a)		6,675		7,818
Fomento Economico Mexicano SAB de CV		1,567		15,123
Grupo Financiero Banorte SAB de CV		1,508		10,519
Grupo Mexico SAB de CV		2,508		8,278
Grupo Televisa SA de CV (Series CPO)		1,332		8,004
Industrias Penoles SA de CV		102		2,525
				69,977
NETHERLANDS — 1.5%
Akzo Nobel NV		150		11,645
ASML Holding NV		144		13,501
CNH Industrial NV (a)		281		3,208
European Aeronautic Defence and Space Co. NV		134		10,305
Heineken NV		106		7,169
ING Groep NV (a)		1,376		19,150
Koninklijke (Royal) KPN NV (a)		1,812		5,850
Koninklijke Ahold NV		703		12,642
Koninklijke DSM NV		174		13,705
Koninklijke Philips NV		537		19,716
LyondellBasell Industries NV		204		16,377
Reed Elsevier NV		695		14,748
Unilever NV		398		16,055
Wolters Kluwer NV		862		24,641
				188,712
NETHERLANDS ANTILLES — 0.3%
Schlumberger, Ltd.		407		36,675
NORWAY — 0.3%
DnB NOR ASA		739		13,216
Norsk Hydro ASA		2,270		10,129
Telenor ASA		605		14,420
Yara International ASA		126		5,420
				43,185
PERU — 0.0% (d)
Compania de Minas Buenaventura SA ADR		61		684
PHILIPPINES — 0.1%
Philippine Long Distance Telephone Co. ADR		147		8,832
PORTUGAL — 0.1%
Portugal Telecom SGPS SA		1,728		7,524
RUSSIA — 0.6%
Federal Hydrogenerating Co. JSC ADR (e)		855		1,476
Federal Hydrogenerating Co. JSC ADR (e)		824		1,401
Gazprom OAO ADR (e)		781		6,756
Gazprom OAO ADR (e)		810		6,925
Lukoil OAO ADR		195		12,308
MMC Norilsk Nickel OJSC ADR (b)		238		3,955
Mobile Telesystems OJSC ADR		371		8,025
Sberbank of Russia ADR		427		5,372
Sberbank of Russia ADR (b)		412		5,179
Surgutneftegas OJSC ADR Preference Shares		1,712		13,285
Tatneft OAO ADR		198		7,567
Uralkali OJSC GDR		138		3,671
				75,920
SINGAPORE — 0.5%
CapitaLand, Ltd.		6,000		14,399
Singapore Exchange, Ltd.		4,000		23,000
Singapore Press Holdings, Ltd. (b)		4,000		13,052
Singapore Telecommunications, Ltd.		2,000		5,798
				56,249
SOUTH AFRICA — 0.7%
AngloGold Ashanti, Ltd.		173		2,030
Discovery Holdings, Ltd.		2,367		19,097
FirstRand, Ltd.		2,174		7,450
Gold Fields, Ltd.		419		1,316
Harmony Gold Mining Co., Ltd.		464		1,147
Impala Platinum Holdings, Ltd.		314		3,688
MTN Group, Ltd.		804		16,659
Naspers, Ltd.		128		13,394
Sanlam, Ltd.		2,013		10,232
Sasol, Ltd.		155		7,614
Sibanye Gold, Ltd.		206		242
Standard Bank Group, Ltd.		520		6,425
				89,294
SOUTH KOREA — 1.2%
E-Mart Co., Ltd. (a)		8		2,020
Hana Financial Group, Inc.		80		3,328
Hyundai Heavy Industries Co., Ltd. (a)		12		2,922
Hyundai Hysco Co., Ltd. (a)		100		3,932
Hyundai Mobis (a)		13		3,615
Hyundai Motor Co. (a)		29		6,499
KB Financial Group, Inc. (a)		110		4,404
Kia Motors Corp. (a)		65		3,455
Korea Electric Power Corp. ADR (a)		318		5,282
KT&G Corp.		41		2,894

92

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
LG Chem, Ltd. Preference Shares (a)		63	$	9,104
LG Electronics, Inc. (a)		34		2,194
LG Household & Health Care, Ltd.		6		3,115
Lotte Chemical Corp. (a)		6		1,319
NAVER Corp. (a)		11		7,546
NHN Entertainment Corp. (a)		5		457
POSCO ADR		116		9,048
Samsung C&T Corp. (a)		68		3,905
Samsung Electronics Co., Ltd. GDR		73		47,669
Samsung Engineering Co., Ltd. (a)		17		1,063
Samsung Fire & Marine Insurance Co., Ltd.		14		3,436
Samsung Heavy Industries Co., Ltd. (a)		110		3,966
Samsung Securities Co., Ltd.		67		2,797
Shinhan Financial Group Co., Ltd. (a)		110		4,930
SK Holdings Co., Ltd. (a)		23		4,163
SK Hynix, Inc. (a)		130		4,533
SK Innovation Co., Ltd. (a)		20		2,682
				150,278
SPAIN — 0.7%
Acciona SA (b)		114		6,561
Acerinox SA (b)		534		6,804
ACS, Actividades de Construccion y Servicios SA		398		13,721
Banco Bilbao Vizcaya Argentaria SA		1,576		19,432
Banco Santander SA		2,748		24,636
Repsol YPF SA		241		6,084
Telefonica SA		643		10,486
				87,724
SWEDEN — 1.2%
Assa Abloy AB (Class B)		224		11,851
Atlas Copco AB (Class B)		625		15,881
Nordea Bank AB		1,083		14,611
Sandvik AB		582		8,219
Securitas AB (Class B)		904		9,621
Skandinaviska Enskilda Banken AB (Class A)		1,367		18,049
Skanska AB (Class B)		593		12,132
SKF AB (Class B)		422		11,085
Svenska Handelsbanken AB (Class A)		185		9,102
Tele2 AB		373		4,231
Telefonaktiebolaget LM Ericsson (Class B)		1,106		13,518
TeliaSonera AB		953		7,946
Volvo AB (Class A)		912		11,999
				148,245
SWITZERLAND — 3.4%
ABB, Ltd. (a)		823		21,728
ACE, Ltd. (b)		204		21,120
Adecco SA (a)		159		12,622
Cie Financiere Richemont SA		224		22,366
Credit Suisse Group AG (a)		485		14,872
Geberit AG		65		19,770
Givaudan SA (a)		8		11,460
Glencore Xstrata PLC (a)		1,082		5,604
Holcim, Ltd. (a)		145		10,883
Kuehne & Nagel International AG		77		10,139
Nestle SA		570		41,852
Novartis AG		538		43,071
Pentair, Ltd.		23		1,786
Roche Holding AG		200		56,041
SGS SA		8		18,458
Swiss Re AG (a)		193		17,806
Syngenta AG		20		7,988
TE Connectivity, Ltd.		407		22,430
The Swatch Group AG		24		15,908
Transocean, Ltd.		145		7,083
UBS AG (a)		1,244		23,667
Zurich Insurance Group AG (a)		39		11,336
				417,990
TAIWAN — 1.0%
Advanced Semiconductor Engineering Inc, ADR (b)		2,350		11,280
AU Optronics Corp. ADR (a)(b)		2,021		6,306
Chunghwa Telecom Co., Ltd. ADR (b)		536		16,595
Hon Hai Precision Industry Co., Ltd. GDR		3,264		17,364
Siliconware Precision Industries Co. ADR		3,363		20,111
Taiwan Semiconductor Manufacturing Co., Ltd. ADR (b)		2,233		38,943
United Microelectronics Corp. ADR (b)		5,254		10,718
				121,317
THAILAND — 0.1%
Bangkok Bank PCL		2,200		11,917
PTT PCL		400		3,482
				15,399
TURKEY — 0.2%
Akbank TAS		1,488		4,640
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		8,149		7,965
Turkiye Garanti Bankasi AS		1,722		5,579
Turkiye Is Bankasi (Class C)		3,950		8,549
				26,733
UNITED KINGDOM — 8.3%
3i Group PLC		3,609		23,019
Anglo American PLC		454		9,926
AstraZeneca PLC		360		21,313
BAE Systems PLC		1,815		13,077
Barclays PLC		4,832		21,764
BG Group PLC		908		19,513
BHP Billiton PLC		619		19,161
BP PLC		5,164		41,742
British American Tobacco PLC		104		5,577
British Land Co. PLC		1,281		13,345
British Sky Broadcasting Group PLC		409		5,717
BT Group PLC		4,234		26,606
Burberry Group PLC		322		8,085
Capita Group PLC		1,094		18,808
Cobham PLC		5,390		24,505
Compass Group PLC		975		15,632
Diageo PLC		554		18,351
Experian PLC		755		13,930
G4S PLC		1,269		5,517
GlaxoSmithKline PLC		1,273		33,977
Hammerson PLC		2,053		17,069
HSBC Holdings PLC		4,517		49,556
Imperial Tobacco Group PLC		204		7,900
Intercontinental Hotels Group PLC		556		18,537

93

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
J Sainsbury PLC		1,500	$	9,068
Land Securities Group PLC		894		14,266
Liberty Global PLC (Class A) (a)(b)		204		18,154
Lloyds Banking Group PLC (a)		17,630		23,033
Marks & Spencer Group PLC		2,072		14,846
National Grid PLC		401		5,234
Next PLC		147		13,269
Noble Corp. PLC (b)		407		15,250
Old Mutual PLC		3,053		9,562
Pearson PLC		244		5,419
Prudential PLC		988		21,927
Randgold Resources, Ltd.		59		3,704
Reckitt Benckiser Group PLC		163		12,940
Reed Elsevier PLC		635		9,455
Rio Tinto PLC		437		24,677
Rolls-Royce Holdings PLC (a)		643		13,578
Royal Dutch Shell PLC (Class A)		48		1,720
Royal Dutch Shell PLC (Class B)		1,549		58,494
RSA Insurance Group PLC		6,635		10,044
SABMiller PLC		267		13,713
Scottish & Southern Energy PLC		326		7,397
Severn Trent PLC		509		14,374
Smith & Nephew PLC		922		13,148
Smiths Group PLC		711		17,428
Standard Chartered PLC		712		16,038
Standard Life PLC		4,181		24,901
Tesco PLC		2,406		13,324
The Sage Group PLC		3,462		23,148
Tullow Oil PLC		362		5,126
Unilever PLC		312		12,826
United Utilities Group PLC		906		10,076
Vodafone Group PLC		13,606		53,408
Whitbread PLC		664		41,252
Wolseley PLC		173		9,814
WPP PLC		701		16,022
				1,029,262
UNITED STATES — 48.7%
3M Co. (b)		204		28,611
Abbott Laboratories		407		15,600
AbbVie, Inc.		200		10,562
Adobe Systems, Inc. (a)(b)		611		36,587
Aetna, Inc. (b)		407		27,916
Aflac, Inc. (b)		407		27,188
Agilent Technologies, Inc. (b)		407		23,276
Alexion Pharmaceuticals, Inc. (a)(b)		204		27,144
Allergan, Inc.		204		22,660
Altera Corp. (b)		204		6,636
Altria Group, Inc.		407		15,625
Amazon.com, Inc. (a)(b)		204		81,353
American Capital Agency Corp.		204		3,935
American Electric Power Co., Inc. (b)		407		19,023
American Express Co. (b)		407		36,927
American Tower Corp. (b)		204		16,283
Amgen, Inc.		407		46,463
Anadarko Petroleum Corp.		204		16,181
Annaly Capital Management, Inc. (b)		407		4,058
Apache Corp. (b)		204		17,532
Apple, Inc. (b)		204		114,466
Applied Materials, Inc. (b)		1,424		25,191
Archer-Daniels-Midland Co. (b)		611		26,517
AT&T, Inc. (b)		1,424		50,068
Automatic Data Processing, Inc.		204		16,485
Baker Hughes, Inc.		407		22,491
Bank of America Corp.		3,461		53,888
Baxter International, Inc.		407		28,307
Becton, Dickinson and Co.		204		22,540
Bed Bath & Beyond, Inc. (a)(b)		204		16,381
Berkshire Hathaway, Inc. (Class B) (a)(b)		204		24,186
Biogen Idec, Inc. (a)		204		57,069
Bristol-Myers Squibb Co. (b)		611		32,475
Broadcom Corp. (Class A) (b)		407		12,068
C.H. Robinson Worldwide, Inc. (b)		204		11,901
Cameron International Corp. (a)(b)		407		24,229
Capital One Financial Corp.		204		15,628
Carnival Corp. (b)		204		8,195
Caterpillar, Inc. (b)		204		18,525
CBS Corp. (b)		407		25,942
Celgene Corp. (a)		204		34,468
CenturyLink, Inc. (b)		407		12,963
Chesapeake Energy Corp. (b)		611		16,583
Chevron Corp.		611		76,320
Church & Dwight Co., Inc.		407		26,976
Cisco Systems, Inc. (b)		2,035		45,686
Citigroup, Inc.		1,018		53,048
Citrix Systems, Inc. (a)		204		12,903
Coach, Inc. (b)		204		11,451
Cognizant Technology Solutions Corp. (Class A) (a)(b)		204		20,600
Colgate-Palmolive Co.		407		26,540
Comcast Corp. (Class A) Special		1,018		50,778
ConAgra Foods, Inc. (b)		407		13,716
ConocoPhillips		407		28,755
Corning, Inc. (b)		815		14,523
Costco Wholesale Corp.		204		24,278
CST Brands, Inc. (b)		22		808
CSX Corp. (b)		815		23,448
Cummins, Inc.		204		28,758
CVS Caremark Corp.		407		29,129
Danaher Corp. (b)		407		31,420
Deere & Co. (b)		204		18,631
Devon Energy Corp.		204		12,621
DIRECTV (Class A) (a)		204		14,094
Discover Financial Services (b)		407		22,772
Dollar Tree, Inc. (a)(b)		407		22,963
Duke Energy Corp.		222		15,320
E. I. du Pont de Nemours & Co. (b)		407		26,443
eBay, Inc. (a)(b)		611		33,538
Ecolab, Inc. (b)		204		21,271
Edison International (b)		407		18,844
Eli Lilly & Co.		407		20,757
EMC Corp. (b)		815		20,497
Emerson Electric Co. (b)		407		28,563
EOG Resources, Inc.		204		34,239
Equity Residential		204		10,581
Exelon Corp.		407		11,148
Express Scripts Holding Co. (a)(b)		285		20,018
Exxon Mobil Corp. (b)		1,222		123,666
Fastenal Co. (b)		204		9,692
FedEx Corp. (b)		204		29,329
FirstEnergy Corp. (b)		407		13,423
FMC Technologies, Inc. (a)(b)		407		21,249

94

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Ford Motor Co. (b)		1,628	$	25,120
Franklin Resources, Inc. (b)		611		35,273
Freeport-McMoRan Copper & Gold, Inc.		407		15,360
General Dynamics Corp. (b)		204		19,492
General Electric Co.		3,054		85,604
General Mills, Inc. (b)		204		10,182
General Motors Co. (a)(b)		407		16,634
Gilead Sciences, Inc. (a)(b)		815		61,247
Google, Inc. (Class A) (a)		100		112,071
Halliburton Co. (b)		407		20,655
HCP, Inc.		611		22,192
Hess Corp. (b)		204		16,932
Hewlett-Packard Co. (b)		815		22,804
Hillshire Brands Co. (b)		122		4,080
Honeywell International, Inc. (b)		407		37,188
Illinois Tool Works, Inc. (b)		407		34,221
Ingersoll-Rand PLC		407		25,071
Intel Corp. (b)		1,628		42,263
International Business Machines Corp. (b)		407		76,341
Intuit, Inc. (b)		204		15,569
Johnson & Johnson		611		55,962
Johnson Controls, Inc.		407		20,879
JPMorgan Chase & Co. (b)		1,222		71,463
Juniper Networks, Inc. (a)(b)		407		9,186
Kellogg Co. (b)		204		12,458
Kimberly-Clark Corp.		204		21,310
Kinder Morgan Management, LLC (a)		225		17,024
Kinder Morgan, Inc. (b)		42		1,512
Kohl’s Corp. (b)		204		11,577
Kraft Foods Group, Inc. (b)		33		1,779
L Brands, Inc.		407		25,173
Las Vegas Sands Corp.		204		16,089
Liberty Interactive Corp. (Class A) (a)		407		11,945
Liberty Ventures, (Series A) (a)		14		1,716
Lockheed Martin Corp. (b)		204		30,327
Lowe’s Cos., Inc. (b)		611		30,275
Macy’s, Inc. (b)		407		21,734
Marathon Oil Corp. (b)		611		21,568
Marathon Petroleum Corp. (b)		204		18,713
Marsh & McLennan Cos., Inc. (b)		407		19,683
Mattel, Inc. (b)		815		38,778
McCormick & Co., Inc. (b)		611		42,110
McDonald’s Corp.		204		19,794
McKesson Corp.		204		32,926
Mead Johnson Nutrition Co. (b)		204		17,087
Medtronic, Inc.		611		35,065
Merck & Co., Inc.		815		40,791
MetLife, Inc. (b)		611		32,945
Microsoft Corp. (b)		2,239		83,806
Mondelez International, Inc. (Class A) (b)		204		7,201
Monsanto Co.		204		23,776
Morgan Stanley		611		19,161
National Oilwell Varco, Inc.		204		16,224
NetApp, Inc.		204		8,393
Newmont Mining Corp. (b)		204		4,698
News Corp. (Class A) (a)		124		2,234
NextEra Energy, Inc. (b)		204		17,467
NIKE, Inc. (Class B)		407		32,007
Noble Energy, Inc. (b)		407		27,721
Norfolk Southern Corp. (b)		204		18,937
Northrop Grumman Corp. (b)		407		46,646
O’Reilly Automotive, Inc. (a)		204		26,257
Occidental Petroleum Corp.		407		38,706
Oracle Corp. (b)		1,424		54,482
Parker Hannifin Corp.		204		26,243
PepsiCo, Inc.		407		33,757
Pfizer, Inc. (b)		2,011		61,597
PG&E Corp.		204		8,217
Philip Morris International, Inc.		407		35,462
Phillips 66		100		7,713
Pioneer Natural Resources Co. (b)		204		37,550
PNC Financial Services Group, Inc.		204		15,826
PPL Corp. (b)		611		18,385
Praxair, Inc. (b)		204		26,526
ProLogis (b)		611		22,576
Prudential Financial, Inc.		407		37,534
Public Service Enterprise Group, Inc. (b)		407		13,040
Public Storage		204		30,706
QUALCOMM, Inc. (b)		611		45,367
Range Resources Corp. (b)		204		17,199
Raytheon Co. (b)		204		18,503
Retail Opportunity Investments Corp. (b)		3,054		44,955
Rockville Financial, Inc.		3,257		46,282
Ross Stores, Inc.		204		15,286
Salesforce.com, Inc. (a)(b)		815		44,980
SanDisk Corp.		204		14,390
Simon Property Group, Inc. (b)		204		31,041
Southern Co.		204		8,386
Southwestern Energy Co. (a)(b)		204		8,023
Spectra Energy Corp. (b)		407		14,497
St. Jude Medical, Inc. (b)		407		25,214
Starbucks Corp. (b)		407		31,905
State Street Corp.		204		14,972
Sysco Corp. (b)		407		14,693
Target Corp.		204		12,907
Texas Instruments, Inc. (b)		611		26,829
The ADT Corp. (b)		50		2,024
The Allstate Corp. (b)		407		22,198
The Bank of New York Mellon Corp.		611		21,348
The Boeing Co.		204		27,844
The Charles Schwab Corp. (b)		1,018		26,468
The Chubb Corp. (b)		204		19,713
The Clorox Co. (b)		204		18,923
The Coca-Cola Co.		815		33,668
The Dow Chemical Co. (b)		611		27,128
The Estee Lauder Cos., Inc. (Class A)		204		15,365
The Goldman Sachs Group, Inc. (b)		204		36,161
The Hershey Co. (b)		204		19,835
The Home Depot, Inc. (b)		407		33,512
The J.M. Smucker Co. (b)		204		21,139
The Mosaic Co. (b)		204		9,643
The Procter & Gamble Co.		407		33,134
The Travelers Cos., Inc. (b)		204		18,470
The Walt Disney Co. (b)		611		46,680
The Williams Cos., Inc. (b)		611		23,566
Thermo Fisher Scientific, Inc. (b)		407		45,319
Time Warner Cable, Inc.		204		27,642
Time Warner, Inc. (b)		407		28,376
TJX Cos., Inc. (b)		407		25,938
Twenty-First Century Fox, Inc. (b)		1,018		35,813

95

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Tyco International, Ltd. (b)		204	$	8,372
Tyson Foods, Inc. (Class A) (b)		815		27,270
U.S. Bancorp (b)		611		24,684
Union Pacific Corp.		204		34,272
United Parcel Service, Inc. (Class B) (b)		204		21,436
United Technologies Corp.		204		23,215
UnitedHealth Group, Inc. (b)		407		30,647
Valero Energy Corp. (b)		407		20,513
Vector Group, Ltd. (b)		2,017		33,018
Verizon Communications, Inc. (b)		611		30,025
Viacom, Inc. (Class B)		204		17,817
Visa, Inc. (Class A) (b)		204		45,427
Wal-Mart Stores, Inc.		407		32,027
Walgreen Co.		407		23,378
Waste Management, Inc. (b)		407		18,262
Weatherford International, Ltd. (a)(b)		1,018		15,769
WellPoint, Inc. (b)		204		18,848
Wells Fargo & Co. (b)		1,628		73,911
Western Digital Corp.		204		17,116
Whole Foods Market, Inc.		407		23,537
Yahoo!, Inc. (a)(b)		611		24,709
Yum! Brands, Inc. (b)		204		15,424
Zoetis, Inc.		23		752
				6,039,703
TOTAL COMMON STOCKS —
(Cost $10,986,523)				12,309,791
RIGHTS — 0.0% (d)
SPAIN — 0.0% (d)
Repsol SA (expiring 1/9/14) (a)(b) (Cost $157)		241		165
SHORT TERM INVESTMENTS — 17.3%
UNITED STATES — 17.3%
MONEY MARKET FUNDS — 17.3%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		1,881,616		1,881,616
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		255,231		255,231
TOTAL SHORT TERM INVESTMENTS —
(Cost $2,136,847)				2,136,847
TOTAL INVESTMENTS — 116.6%
(Cost $13,123,527)				14,446,803
OTHER ASSETS & LIABILITIES — (16.6)%				(2,053,128	)
NET ASSETS — 100.0%			$	12,393,675

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.1% of net assets as of December 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(d)	Amount shown represents less than 0.05% of net assets.
(e)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

PCL = Public Company Limited

PLC = Public Limited Company

REIT = Real Estate Investment Trust

96

SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Oil, Gas & Consumable Fuels		8.4	%
Commercial Banks		6.9
Pharmaceuticals		5.2
Insurance		4.6
Media		3.2
Chemicals		2.8
Diversified Financial Services		2.5
Food & Staples Retailing		2.5
Software		2.4
Semiconductors & Semiconductor Equipment		2.4
Metals & Mining		2.3
Food Products		2.3
Real Estate Investment Trusts		2.2
Diversified Telecommunication Services		2.2
Capital Markets		2.2
Aerospace & Defense		2.1
Machinery		2.0
Biotechnology		2.0
Industrial Conglomerates		1.9
Hotels, Restaurants & Leisure		1.9
IT Services		1.7
Computers & Peripherals		1.7
Automobiles		1.6
Wireless Telecommunication Services		1.6
Internet Software & Services		1.6
Energy Equipment & Services		1.6
Electric Utilities		1.6
Health Care Equipment & Supplies		1.5
Beverages		1.5
Real Estate Management & Development		1.4
Specialty Retail		1.3
Electrical Equipment		1.3
Health Care Providers & Services		1.2
Household Products		1.2
Road & Rail		1.2
Textiles, Apparel & Luxury Goods		1.2
Electronic Equipment, Instruments & Components		1.1
Communications Equipment		1.1
Multiline Retail		1.0
Tobacco		0.9
Internet & Catalog Retail		0.8
Air Freight & Logistics		0.8
Consumer Finance		0.7
Construction & Engineering		0.7
Commercial Services & Supplies		0.6
Trading Companies & Distributors		0.6
Life Sciences Tools & Services		0.6
Multi-Utilities		0.6
Auto Components		0.6
Professional Services		0.5
Leisure Equipment & Products		0.4
Building Products		0.4
Thrifts & Mortgage Finance		0.4
Marine		0.4
Construction Materials		0.4
Independent Power Producers & Energy Traders		0.3
Household Durables		0.2
Personal Products		0.2
Water Utilities		0.2
Office Electronics		0.2
Transportation Infrastructure		0.1
Airlines		0.1
Paper & Forest Products		0.1
Gas Utilities		0.1
Containers & Packaging		0.0	***
Short Term Investment		17.3
Other Assets & Liabilities		(16.6	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

*** Amount shown represents less than 0.05% of net assets.

97

SPDR MSCI EM 50 ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 100.0%
BRAZIL — 9.1%
Banco Bradesco SA Preference Shares ADR		3,472	$	43,504
BRF — Brasil Foods SA ADR		1,117		23,312
Itau Unibanco Holding SA Preference Shares ADR		4,174		56,641
Petroleo Brasileiro SA ADR (a)		3,473		51,019
Vale SA Preference Shares ADR		3,205		44,902
				219,378
CHINA — 21.5%
Agricultural Bank of China, Ltd.		36,000		17,690
Bank of China, Ltd.		126,196		58,103
China Construction Bank Corp.		120,154		90,653
China Life Insurance Co., Ltd.		12,584		39,357
China Petroleum & Chemical Corp.		43,600		35,594
China Shenhua Energy Co., Ltd.		5,644		17,797
Industrial & Commercial Bank of China		123,454		83,431
PetroChina Co., Ltd.		34,812		38,162
Ping An Insurance Group Co. of China, Ltd.		3,000		26,871
Tencent Holdings, Ltd.		1,700		108,440
				516,098
HONG KONG — 7.2%
China Mobile, Ltd.		9,855		102,188
China Overseas Land & Investment, Ltd. (a)		6,000		16,869
CNOOC, Ltd.		29,362		54,606
				173,663
INDIA — 2.9%
ICICI Bank, Ltd. ADR (a)		714		26,539
Infosys Technologies, Ltd. ADR		770		43,582
				70,121
MEXICO — 6.2%
America Movil SAB de CV, ADR, Series L (a)		2,923		68,310
Cemex SAB de CV ADR (a)(b)		1,918		22,690
Fomento Economico Mexicano SAB de CV, ADR (a)		338		33,080
Grupo Televisa SA de CV ADR (a)		860		26,024
				150,104
RUSSIA — 11.0%
Gazprom OAO ADR		9,921		84,825
Lukoil OAO ADR		855		53,395
Magnit OJSC GDR		435		28,797
Mobile Telesystems OJSC ADR		900		19,467
NovaTek OAO GDR		155		21,219
Sberbank of Russia ADR		4,523		56,899
				264,602
SOUTH AFRICA — 8.2%
MTN Group, Ltd.		2,839		58,825
Naspers, Ltd.		662		69,274
Sasol, Ltd.		922		45,292
Standard Bank Group, Ltd.		2,028		25,059
				198,450
SOUTH KOREA — 22.2%
Hyundai Mobis (b)		114		31,704
Hyundai Motor Co.		258		57,817
KB Financial Group, Inc. ADR (b)		646		26,169
Kia Motors Corp.		448		23,815
LG Chem, Ltd. (b)		79		22,420
NAVER Corp. (b)		47		32,243
POSCO ADR		436		34,008
Samsung Electronics Co., Ltd. GDR		370		241,610
Shinhan Financial Group Co., Ltd. ADR (b)		720		32,904
SK Hynix, Inc. (b)		880		30,686
				533,376
TAIWAN — 11.7%
China Steel Corp.		19,275		17,462
Chunghwa Telecom Co., Ltd. ADR (a)		678		20,991
Formosa Plastics Corp.		7,280		19,663
Hon Hai Precision Industry Co., Ltd. GDR		9,474		50,402
MediaTek, Inc.		2,000		29,761
Taiwan Semiconductor Manufacturing Co., Ltd. ADR (a)		8,220		143,357
				281,636
TOTAL COMMON STOCKS —
(Cost $2,386,420)				2,407,428
SHORT TERM INVESTMENTS — 9.4%
UNITED STATES — 9.4%
MONEY MARKET FUNDS — 9.4%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		209,805		209,805
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		16,321		16,321
TOTAL SHORT TERM INVESTMENTS —
(Cost $226,126)				226,126
TOTAL INVESTMENTS — 109.4%
(Cost $2,612,546)				2,633,554
OTHER ASSETS & LIABILITIES — (9.4)%				(227,153	)
NET ASSETS — 100.0%			$	2,406,401

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

98

SPDR MSCI EM 50 ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		21.5	%
Semiconductors & Semiconductor Equipment		18.6
Oil, Gas & Consumable Fuels		16.8
Wireless Telecommunication Services		10.2
Internet Software & Services		5.8
Metals & Mining		4.0
Media		4.0
Automobiles		3.4
Insurance		2.7
Electronic Equipment, Instruments & Components		2.1
IT Services		1.8
Chemicals		1.7
Beverages		1.4
Auto Components		1.3
Food & Staples Retailing		1.2
Food Products		1.0
Construction Materials		0.9
Diversified Telecommunication Services		0.9
Real Estate Management & Development		0.7
Short Term Investment		9.4
Other Assets & Liabilities		(9.4	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

99

SPDR MSCI EM Beyond BRIC ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.4%
CHILE — 4.0%
Banco Santander Chile ADR		1,596	$	37,618
Cencosud SA, ADR		3,366		36,656
Empresa Nacional de Electricidad SA ADR		998		44,491
Enersis SA ADR		3,590		53,814
Latam Airlines Group SA, ADR		2,594		42,308
Sociedad Quimica y Minera de Chile SA ADR		998		25,828
				240,715
COLOMBIA — 2.2%
Almacenes Exito SA		1,026		15,932
BanColombia SA ADR		626		30,686
Cementos Argos SA		2,838		14,396
Ecopetrol SA, ADR		900		34,605
Grupo de Inversiones Suramericana SA		1,384		24,141
Interconexion Electrica SA ESP		2,960		13,942
				133,702
CZECH REPUBLIC — 0.7%
CEZ AS		718		18,687
Komercni Banka AS		72		16,024
Telefonica O2 Czech Republic AS		682		10,128
				44,839
EGYPT — 0.5%
Commercial International Bank Egypt SAE, GDR		4,857		21,808
Global Telecom Holding, GDR (a)		2,906		9,735
				31,543
GREECE — 1.2%
Folli Follie SA (a)		205		6,610
Hellenic Telecommunications Organization SA (a)		950		12,659
JUMBO SA (a)		570		9,111
National Bank of Greece SA (a)		1,300		6,897
OPAP SA		866		11,539
Piraeus Bank SA (a)		3,930		8,285
Public Power Corp. SA		572		8,512
Titan Cement Co. SA (a)		249		6,794
				70,407
HUNGARY — 0.7%
MOL Hungarian Oil and Gas NyRt		238		15,980
OTP Bank NyRt		914		17,382
Richter Gedeon NyRt		540		11,018
				44,380
INDONESIA — 5.4%
Adaro Energy Tbk PT		70,000		6,269
Astra International Tbk PT		85,000		47,494
Bank Central Asia Tbk PT		54,000		42,596
Bank Mandiri Tbk PT		42,000		27,091
Bank Negara Indonesia Persero Tbk PT		40,000		12,983
Bank Rakyat Indonesia Persero Tbk PT		49,000		29,191
Charoen Pokphand Indonesia Tbk PT		36,000		9,984
Indocement Tunggal Prakarsa Tbk PT		8,000		13,147
Indofood Sukses Makmur Tbk PT		25,000		13,558
Kalbe Farma Tbk PT		135,000		13,866
Lippo Karawaci Tbk PT		112,000		8,375
Perusahaan Gas Negara Persero Tbk PT		52,000		19,121
Semen Gresik Persero Tbk PT		15,000		17,440
Telekomunikasi Indonesia Persero Tbk PT		199,000		35,156
Unilever Indonesia Tbk PT		7,000		14,955
United Tractors Tbk PT		9,000		14,051
				325,277
MALAYSIA — 9.7%
Alliance Financial Group Bhd		7,000		10,173
AMMB Holdings Bhd		7,000		15,472
Axiata Group Bhd		9,400		19,802
British American Tobacco Malaysia Bhd		800		15,661
Bumi Armada Bhd (a)		9,400		11,565
CIMB Group Holdings Bhd		18,000		41,875
Digi.Com Bhd		16,400		24,834
Felda Global Ventures Holdings Bhd		9,200		12,611
Gamuda Bhd		12,000		17,585
Genting Bhd		9,200		28,818
Genting Malaysia Bhd		14,200		18,988
Hong Leong Bank Bhd		2,600		11,430
IHH Healthcare Bhd (a)		12,200		14,377
IJM Corp. Bhd		9,200		16,515
IOI Corp. Bhd		11,000		15,817
IOI Properties Group Sdn Bhd (a)(b)		5,499		5,540
Kuala Lumpur Kepong Bhd		2,400		18,245
Malayan Banking Bhd		15,400		46,734
Malaysia Airports Holdings Bhd		4,600		12,639
Maxis Bhd		8,600		19,088
Petronas Chemicals Group Bhd		10,200		21,549
Petronas Dagangan Bhd		1,600		15,358
Petronas Gas Bhd		2,600		19,273
PPB Group Bhd		2,800		13,797
Public Bank Bhd		2,600		15,510
Sapurakencana Petroleum Bhd (a)		16,600		24,833
Sime Darby Bhd		9,000		26,158
Telekom Malaysia Bhd		6,400		10,844
Tenaga Nasional Bhd		10,800		37,522
UMW Holdings Bhd		2,800		10,309
YTL Corp. Bhd		28,400		14,046
				586,968
MEXICO — 13.3%
Alfa SAB de CV (Class A)		12,170		34,028
America Movil SAB de CV		144,034		167,380
Cemex SAB de CV (a)		47,678		55,843
Coca-Cola Femsa SAB de CV		1,994		24,043
Fibra Uno Administracion SA de CV		6,226		19,880
Fomento Economico Mexicano SAB de CV		7,980		77,015
Genomma Lab Internacional SAB de CV (Class B) (a)		4,190		11,715
Grupo Aeroportuario del Sureste SAB de CV		1,396		17,399
Grupo Bimbo SAB de CV		7,382		22,658
Grupo Carso SA de CV		2,792		14,805
Grupo Financiero Banorte SAB de CV		9,776		68,193
Grupo Financiero Inbursa SA		9,974		28,124
Grupo Financiero Santander Mexico SAB de CV (Class B)		7,980		21,630
Grupo Mexico SAB de CV		15,560		51,359
Grupo Televisa SA de CV (Series CPO)		10,772		64,728
Industrias Penoles SA de CV		608		15,049
Kimberly-Clark de Mexico SAB de CV		7,382		20,899
Mexichem SAB de CV		4,988		20,474
Promotora y Operadora de Infraestructura SAB de CV (a)		1,100		13,104

100

SPDR MSCI EM Beyond BRIC ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Wal-Mart de Mexico SAB de CV		20,148	$	52,704
				801,030
PERU — 1.4%
Compania de Minas Buenaventura SA ADR		798		8,954
Credicorp, Ltd.		398		52,826
Southern Copper Corp.		798		22,911
				84,691
PHILIPPINES — 2.0%
Aboitiz Equity Ventures, Inc.		11,600		14,257
Ayala Corp.		1,040		12,138
Ayala Land, Inc.		30,000		16,729
BDO Unibank, Inc.		9,480		14,653
International Container Terminal Services, Inc.		5,620		12,916
Philippine Long Distance Telephone Co.		230		13,816
SM Investments Corp.		800		12,816
SM Prime Holdings, Inc.		29,000		9,592
Universal Robina Corp.		4,900		12,487
				119,404
POLAND — 4.1%
Bank Pekao SA		562		33,432
Bank Zachodni WBK SA		138		17,727
KGHM Polska Miedz SA		628		24,558
Mbank		78		12,925
Polska Grupa Energetyczna SA		3,330		17,966
Polski Koncern Naftowy Orlen SA		1,590		21,604
Polskie Gornictwo Naftowe i Gazownictwo SA		8,926		15,234
Powszechna Kasa Oszczednosci Bank Polski SA		3,554		46,430
Powszechny Zaklad Ubezpieczen SA		244		36,303
Tauron Polska Energia SA		7,776		11,262
Telekomunikacja Polska SA		3,722		12,088
				249,529
SOUTH AFRICA — 14.7%
Anglo Platinum, Ltd. (a)		248		9,327
AngloGold Ashanti, Ltd.		1,344		15,773
Aspen Pharmacare Holdings, Ltd.		998		25,605
Barclays Africa Group, Ltd.		1,156		14,597
Bidvest Group, Ltd.		1,132		29,003
Exxaro Resources, Ltd.		802		11,215
FirstRand, Ltd.		9,980		34,198
Gold Fields, Ltd.		2,748		8,629
Growthpoint Properties, Ltd.		6,910		16,019
Impala Platinum Holdings, Ltd.		1,928		22,642
Imperial Holdings, Ltd.		892		17,255
Kumba Iron Ore, Ltd.		298		12,617
Life Healthcare Group Holdings, Ltd.		4,510		18,025
MMI Holdings, Ltd.		4,594		11,097
Mr. Price Group, Ltd.		1,216		19,010
MTN Group, Ltd.		5,502		114,004
Naspers, Ltd.		1,290		134,990
Nedbank Group, Ltd.		732		14,677
Redefine Properties, Ltd.		12,340		11,476
Remgro, Ltd.		1,642		32,581
RMB Holdings, Ltd.		3,228		14,901
Sanlam, Ltd.		6,206		31,546
Sasol, Ltd.		1,742		85,572
Shoprite Holdings, Ltd.		1,506		23,581
Standard Bank Group, Ltd.		3,684		45,522
Steinhoff International Holdings, Ltd.		4,766		20,536
The Foschini Group, Ltd.		1,252		11,446
The Spar Group, Ltd.		1,190		14,945
Tiger Brands, Ltd.		686		17,483
Truworths International, Ltd.		1,886		13,822
Vodacom Group, Ltd.		1,338		16,990
Woolworths Holdings, Ltd.		2,944		20,983
				890,067
SOUTH KOREA — 15.2%
Cheil Industries, Inc. (a)		60		5,031
E-Mart Co., Ltd. (a)		54		13,636
Hana Financial Group, Inc.		580		24,127
Hankook Tire Co., Ltd. (a)		198		11,388
Hyundai Engineering & Construction Co., Ltd. (a)		284		16,335
Hyundai Heavy Industries Co., Ltd. (a)		86		20,943
Hyundai Mobis (a)		112		31,148
Hyundai Motor Co. (a)		246		55,128
Hyundai Steel Co. (a)		166		13,574
KB Financial Group, Inc. ADR (a)		728		29,491
Kia Motors Corp. (a)		446		23,708
Korea Electric Power Corp. ADR (a)		918		15,248
KT&G Corp.		266		18,778
LG Chem, Ltd. (a)		102		28,947
LG Corp. (a)		278		16,859
LG Display Co., Ltd. ADR (a)		1,356		16,462
LG Electronics, Inc. (a)		268		17,294
LG Household & Health Care, Ltd. (a)		26		13,501
Lotte Shopping Co., Ltd. (a)		36		13,781
NAVER Corp. (a)		50		34,301
POSCO ADR		446		34,788
S-Oil Corp.		188		13,182
Samsung C&T Corp. (a)		320		18,375
Samsung Electro-Mechanics Co., Ltd. (a)		88		6,087
Samsung Electronics Co., Ltd. GDR		60		29,016
Samsung Electronics Co., Ltd. GDR		332		216,796
Samsung Fire & Marine Insurance Co., Ltd.		74		18,161
Samsung Heavy Industries Co., Ltd. (a)		420		15,143
Samsung Life Insurance Co., Ltd.		122		12,023
Samsung SDI Co., Ltd. (a)		92		14,122
Shinhan Financial Group Co., Ltd. ADR (a)		798		36,469
SK Holdings Co., Ltd. (a)		80		14,479
SK Hynix, Inc. (a)		1,020		35,567
SK Innovation Co., Ltd. (a)		150		20,112
Woori Finance Holdings Co., Ltd. (a)		960		12,098
				916,098
TAIWAN — 15.2%
Advanced Semiconductor Engineering Inc, ADR		4,388		21,062
Asia Cement Corp.		12,000		15,542
Asustek Computer, Inc.		2,000		17,984
AU Optronics Corp. ADR (a)		3,590		11,201
Catcher Technology Co., Ltd.		2,000		12,985
Cathay Financial Holding Co., Ltd.		18,000		29,141
Chang Hwa Commercial Bank		16,000		9,851
Cheng Shin Rubber Industry Co. Ltd.		4,000		10,469
China Development Financial Holding  Corp.		70,000		21,138
China Steel Corp.		26,000		23,554

101

SPDR MSCI EM Beyond BRIC ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Chinatrust Financial Holding Co., Ltd.		32,000	$	21,850
Chunghwa Telecom Co., Ltd. ADR		598		18,514
Compal Electronics, Inc.		14,000		10,734
Delta Electronics, Inc.		4,000		22,816
E.Sun Financial Holding Co., Ltd.		20,000		13,287
Eclat Textile Co., Ltd.		1,000		11,274
Far Eastern New Century Corp.		14,000		16,159
Far EasTone Telecommunications Co., Ltd.		4,000		8,791
First Financial Holding Co., Ltd		20,000		12,448
Formosa Chemicals & Fibre Corp.		8,000		22,548
Formosa Plastics Corp.		10,000		27,010
Fubon Financial Holding Co., Ltd.		14,000		20,481
Hon Hai Precision Industry Co., Ltd. GDR		11,970		63,680
HTC Corp.		2,000		9,462
Hua Nan Financial Holdings Co., Ltd.		20,000		11,676
Lite-On Technology Corp.		8,000		12,831
MediaTek, Inc.		2,000		29,762
Mega Financial Holding Co., Ltd.		24,000		20,212
Nan Ya Plastics Corp.		10,000		23,118
Pou Chen Corp.		10,000		14,948
President Chain Store Corp.		2,000		13,857
Quanta Computer, Inc.		8,000		18,656
Siliconware Precision Industries Co. ADR		2,792		16,696
SinoPac Financial Holdings Co., Ltd.		30,000		14,948
Taishin Financial Holdings Co., Ltd.		30,000		14,747
Taiwan Cement Corp.		12,000		18,622
Taiwan Cooperative Financial Holding Co., Ltd.		20,000		10,938
Taiwan Mobile Co., Ltd.		4,000		12,925
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		10,374		180,923
Uni-President Enterprises Corp.		12,000		21,622
United Microelectronics Corp.		36,000		14,918
Yuanta Financial Holding Co., Ltd.		30,000		17,917
				921,297
THAILAND — 5.3%
Advanced Info Service PCL		4,400		26,713
Airports of Thailand PCL		2,000		9,647
Bangkok Bank PCL ADR		6,200		33,585
BEC World PCL		6,600		10,143
Central Pattana PCL		7,800		9,732
Charoen Pokphand Foods PCL		14,400		14,023
CP ALL PCL		19,200		24,541
Kasikornbank PCL		8,000		38,588
Krung Thai Bank PCL		22,200		11,147
PTT Exploration & Production PCL		5,800		29,388
PTT Global Chemical PCL		7,600		18,272
PTT PCL		3,400		29,592
Siam Cement PCL NVDR		2,000		24,346
Siam Commercial Bank PCL		7,600		33,189
True Corp. PCL NVDR (a)		30,700		7,007
				319,913
TURKEY — 3.8%
Akbank TAS		8,130		25,353
Anadolu Efes Biracilik Ve Malt Sanayii AS		972		10,519
BIM Birlesik Magazalar AS		1,028		20,766
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		8,096		7,913
Eregli Demir ve Celik Fabrikalari TAS		9,032		10,846
Haci Omer Sabanci Holding AS		4,014		16,142
KOC Holding AS		3,284		13,451
Tupras-Turkiye Petrol Rafinerileri AS		702		14,017
Turk Hava Yollari Anonim Ortakligi		3,392		10,167
Turkcell Iletisim Hizmetleri AS (a)		3,464		18,299
Turkiye Garanti Bankasi AS		10,106		32,738
Turkiye Halk Bankasi AS		3,324		18,798
Turkiye Is Bankasi (Class C)		8,322		18,011
Turkiye Vakiflar Bankasi Tao (Class D)		5,264		9,359
				226,379
TOTAL COMMON STOCKS —
(Cost $5,958,807)				6,006,239
PREFERRED STOCKS — 0.4%
COLOMBIA — 0.4%
Grupo Argos SA/Colombia Preference Shares (Cost $20,914)		2,184		22,043
SHORT TERM INVESTMENT — 0.3%
UNITED STATES — 0.3%
MONEY MARKET FUND — 0.3%
State Street Institutional Liquid Reserves Fund 0.06% (c)(d) (Cost $20,287)		20,287		20,287
TOTAL INVESTMENTS — 100.1%
(Cost $6,000,008)				6,048,569
OTHER ASSETS & LIABILITIES — (0.1)%				(3,921	)
NET ASSETS — 100.0%			$	6,044,648

(a)	Non-income producing security.
(b)	Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(c)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(d)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

NVDR = Non Voting Depositary Receipt

PCL = Public Company Limited

102

SPDR MSCI EM Beyond BRIC ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		20.1	%
Semiconductors & Semiconductor Equipment		9.0
Wireless Telecommunication Services		7.4
Oil, Gas & Consumable Fuels		5.0
Metals & Mining		4.6
Food & Staples Retailing		3.7
Media		3.5
Chemicals		3.2
Industrial Conglomerates		3.1
Construction Materials		3.1
Electric Utilities		3.0
Food Products		2.9
Diversified Financial Services		2.7
Insurance		2.3
Automobiles		2.3
Electronic Equipment, Instruments & Components		2.3
Beverages		1.9
Diversified Telecommunication Services		1.8
Computers & Peripherals		1.2
Construction & Engineering		1.1
Real Estate Management & Development		1.1
Pharmaceuticals		1.0
Specialty Retail		1.0
Hotels, Restaurants & Leisure		1.0
Auto Components		0.9
Transportation Infrastructure		0.9
Airlines		0.9
Machinery		0.8
Household Products		0.8
Independent Power Producers & Energy Traders		0.8
Real Estate Investment Trusts		0.7
Gas Utilities		0.6
Household Durables		0.6
Energy Equipment & Services		0.6
Tobacco		0.6
Internet Software & Services		0.6
Multiline Retail		0.5
Health Care Providers & Services		0.5
Textiles, Apparel & Luxury Goods		0.4
Trading Companies & Distributors		0.3
Capital Markets		0.3
Distributors		0.3
Multi-Utilities		0.2
Communications Equipment		0.2
Short Term Investment		0.3
Other Assets & Liabilities		(0.1	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

** Each security is valued based on Level 1 inputs except for IOI Properties Group Sdn Bhd, which was Level 2 and part of the Real Estate Management & Development Industry, representing 0.09% of net assets. (See accompanying Notes to Schedules of Investments)

103

SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.9%
JAPAN — 99.9%
AIR FREIGHT & LOGISTICS — 0.3%
Yamato Holdings Co., Ltd.		17,980	$	363,689
AIRLINES — 0.4%
All Nippon Airways Co., Ltd. (a)		75,000		149,850
Japan Airlines Co., Ltd.		7,500		370,344
				520,194
AUTO COMPONENTS — 3.3%
Aisin Seiki Co., Ltd.		8,968		364,334
Bridgestone Corp. (a)		28,503		1,079,320
Denso Corp.		19,547		1,032,166
FCC Co., Ltd.		7,484		149,246
Futaba Industrial Co., Ltd. (a)(b)		3,008		11,562
Keihin Corp.		4,456		69,105
NGK Spark Plug Co., Ltd.		15,160		359,149
NHK Spring Co., Ltd.		2,940		33,175
Nifco, Inc. (a)		7,528		199,543
Nissin Kogyo Co., Ltd.		4,516		95,730
NOK Corp.		7,516		122,996
Showa Corp.		12,412		200,047
Stanley Electric Co., Ltd.		4,544		104,105
Sumitomo Rubber Industries, Inc.		13,508		192,008
Tokai Rika Co., Ltd.		20		398
Toyo Tire & Rubber Co., Ltd. (a)		29,851		170,123
Toyota Industries Corp.		8,972		405,044
				4,588,051
AUTOMOBILES — 8.9%
Daihatsu Motor Co., Ltd.		464		7,867
Fuji Heavy Industries, Ltd.		30,347		870,522
Honda Motor Co., Ltd. (a)		72,074		2,969,225
Isuzu Motors, Ltd.		74,651		464,505
Mazda Motor Corp. (b)		120,123		621,730
Mitsubishi Motors Corp. (a)(b)		19,500		209,462
Nissan Motor Co., Ltd.		102,162		859,247
Suzuki Motor Corp.		16,492		443,741
Toyota Motor Corp.		92,677		5,660,876
Yamaha Motor Co., Ltd.		9,016		135,276
				12,242,451
BEVERAGES — 1.2%
Asahi Breweries, Ltd. (a)		19,484		549,456
Ito En, Ltd. (a)		11,956		250,370
Kirin Holdings Co., Ltd. (a)		45,207		650,761
Takara Holdings, Inc.		15,479		144,326
				1,594,913
BUILDING PRODUCTS — 1.3%
Aica Kogyo Co., Ltd.		1,584		31,332
Asahi Glass Co., Ltd. (a)		45,299		281,866
Daikin Industries, Ltd.		10,532		656,340
LIXIL Group Corp.		13,472		369,533
Nippon Sheet Glass Co., Ltd. (a)(b)		45,000		58,656
TOTO, Ltd.		21,444		340,109
				1,737,836
CAPITAL MARKETS — 1.9%
Daiwa Securities Group, Inc.		60,482		604,216
Jafco Co., Ltd.		1,512		82,286
Nomura Holdings, Inc.		168,176		1,294,461
Okasan Securities Group, Inc.		15,107		154,081
SBI Holdings, Inc.		11,958		180,897
Tokai Tokyo Financial Holdings, Inc.		29,967		289,677
				2,605,618
CHEMICALS — 3.9%
Asahi Kasei Corp.		44,859		351,685
Daicel Chemical Industries, Ltd.		15,055		122,611
DIC Corp.		45,391		138,196
Hitachi Chemical Co., Ltd.		7,476		119,283
JSR Corp.		10,460		202,622
Kaneka Corp.		15,224		99,944
Kansai Paint Co., Ltd. (a)		15,092		223,282
Kuraray Co., Ltd.		22,471		267,886
Mitsubishi Chemical Holdings Corp.		45,123		208,646
Mitsubishi Gas Chemical Co., Inc.		15,268		112,435
Mitsui Chemicals, Inc.		44,843		108,369
Nissan Chemical Industries, Ltd.		21,016		333,721
Nitto Denko Corp.		5,984		252,500
Shin-Etsu Chemical Co., Ltd.		18,020		1,052,688
Showa Denko K.K. (a)		59,723		84,665
Sumitomo Chemical Co., Ltd.		74,674		292,714
Taiyo Nippon Sanso Corp. (a)		30,180		214,782
Teijin, Ltd.		45,367		101,003
Tokai Carbon Co., Ltd.		14,828		51,776
Toray Industries, Inc.		59,758		413,908
Tosoh Corp.		44,599		207,496
Toyobo Co., Ltd.		60,302		111,304
Ube Industries, Ltd.		74,543		159,575
Zeon Corp. (a)		15,132		141,811
				5,372,902
COMMERCIAL BANKS — 10.1%
Chuo Mitsui Trust Holdings, Inc.		149,981		790,538
Fukuoka Financial Group, Inc.		45,000		197,374
Hokuhoku Financial Group, Inc.		74,658		149,167
Mitsubishi UFJ Financial Group, Inc.		602,000		3,974,958
Mizuho Financial Group, Inc.		1,043,500		2,263,622
Resona Holdings, Inc.		72,000		367,176
Shinsei Bank, Ltd. (a)		74,726		182,718
Sumitomo Mitsui Financial Group, Inc.		60,000		3,094,049
Suruga Bank, Ltd.		496		8,900
The 77 Bank, Ltd.		29,803		144,329
The Awa Bank, Ltd.		29,731		149,072
The Bank of Kyoto, Ltd. (a)		14,916		124,602
The Bank of Yokohama, Ltd.		59,947		334,227
The Chiba Bank, Ltd.		45,063		303,979
The Chugoku Bank, Ltd.		14,504		184,362
The Hachijuni Bank, Ltd.		44,719		260,813
The Hiroshima Bank, Ltd.		44,811		185,460
The Hyakugo Bank, Ltd.		30,147		120,754
The Iyo Bank, Ltd.		14,080		138,114
The Joyo Bank, Ltd.		30,155		154,067
The Juroku Bank, Ltd.		44,883		164,834
The Musashino Bank, Ltd.		3,020		101,284
The Nanto Bank, Ltd.		15,391		57,549
The Nishi-Nippon City Bank, Ltd.		59,799		161,011
The Shizuoka Bank, Ltd.		15,363		164,001
Yamaguchi Financial Group, Inc. (a)		15,076		139,708
				13,916,668
COMMERCIAL SERVICES & SUPPLIES — 1.0%
Aeon Delight Co., Ltd.		1,500		28,786

104

SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Dai Nippon Printing Co., Ltd.		29,739	$	315,767
Daiseki Co., Ltd. (a)		3,000		58,741
Nissha Printing Co., Ltd. (a)(b)		1,536		24,435
Park24 Co., Ltd.		7,500		141,501
Secom Co., Ltd.		10,468		631,437
Toppan Printing Co., Ltd.		30,299		242,438
				1,443,105
COMPUTERS & PERIPHERALS — 0.3%
NEC Corp.		83,918		189,226
Seiko Epson Corp.		8,976		241,256
				430,482
CONSTRUCTION & ENGINEERING — 1.6%
Chiyoda Corp.		14,688		213,252
COMSYS Holdings Corp.		15,000		235,764
JGC Corp.		14,760		579,278
Kajima Corp.		59,595		223,967
Maeda Corp.		20,855		138,101
Obayashi Corp.		44,679		254,628
Shimizu Corp.		44,559		225,116
Taisei Corp. (a)		67,995		309,230
				2,179,336
CONSTRUCTION MATERIALS — 0.2%
Taiheiyo Cement Corp.		74,607		286,773
CONSUMER FINANCE — 0.4%
Acom Co., Ltd. (a)(b)		1,500		5,095
Aeon Credit Service Co., Ltd. (a)		7,540		202,301
Credit Saison Co., Ltd.		10,464		275,376
Orient Corp. (b)		30,001		70,218
				552,990
CONTAINERS & PACKAGING — 0.1%
Toyo Seikan Group Holdings, Ltd.		7,548		162,228
DISTRIBUTORS — 0.1%
Canon Marketing Japan, Inc.		7,492		104,569
DIVERSIFIED CONSUMER SERVICES — 0.1%
Benesse Holdings, Inc.		4,528		182,016
DIVERSIFIED FINANCIAL SERVICES — 0.7%
ORIX Corp.		57,100		1,003,413
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.5%
Nippon Telegraph & Telephone Corp.		38,600		2,078,645
ELECTRIC UTILITIES — 1.5%
Chubu Electric Power Co., Inc.		29,963		387,419
Hokkaido Electric Power Co., Inc. (a)(b)		7,428		85,443
Hokuriku Electric Power Co.		10,512		142,720
Kyushu Electric Power Co., Inc. (b)		17,976		229,521
Shikoku Electric Power Co., Inc. (b)		7,472		111,968
The Chugoku Electric Power Co., Inc.		12,048		187,532
The Kansai Electric Power Co., Inc. (b)		36,011		414,227
The Okinawa Electric Power Co., Inc.		36		1,212
The Tokyo Electric Power Co., Inc. (a)(b)		64,567		317,598
Tohoku Electric Power Co., Inc. (b)		21,043		236,848
				2,114,488
ELECTRICAL EQUIPMENT — 2.0%
Fuji Electric Holdings Co., Ltd.		45,099		211,110
Fujikura, Ltd.		30,107		141,218
Furukawa Electric Co., Ltd. (a)		29,899		75,100
Mitsubishi Electric Corp.		89,974		1,129,972
Nidec Corp. (a)		5,764		564,856
Sumitomo Electric Industries, Ltd.		28,487		475,393
Tatsuta Electric Wire and Cable Co., Ltd. (a)		9,200		55,582
Ushio, Inc.		7,536		100,093
				2,753,324
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.7%
Alps Electric Co., Ltd. (b)		13,468		153,125
Amano Corp.		9,036		82,962
Citizen Holdings Co., Ltd.		20,303		171,147
FUJIFILM Holdings Corp.		21,027		596,370
Hamamatsu Photonics K.K.		5,968		238,765
Hirose Electric Co., Ltd.		3,008		428,713
Hitachi, Ltd.		194,933		1,476,301
Horiba, Ltd. (a)		3,004		102,606
Hoya Corp.		19,532		543,005
Ibiden Co., Ltd.		7,496		140,213
Keyence Corp.		1,540		659,341
Kyocera Corp.		14,900		744,256
Murata Manufacturing Co., Ltd.		9,028		802,260
Nippon Electric Glass Co., Ltd.		29,548		155,183
Oki Electric Industry Co., Ltd. (a)(b)		79,166		186,796
Omron Corp.		10,480		463,152
Shimadzu Corp.		15,312		133,300
TDK Corp.		7,496		359,449
Yaskawa Electric Corp.		14,604		231,068
Yokogawa Electric Corp.		14,964		229,931
				7,897,943
FOOD & STAPLES RETAILING — 1.7%
Aeon Co., Ltd.		33,003		447,450
Cawachi, Ltd.		3,048		57,390
FamilyMart Co., Ltd. (a)		2,952		134,954
Izumiya Co., Ltd.		29,740		131,291
Lawson, Inc. (a)		3,000		224,633
Seven & I Holdings Co., Ltd.		33,039		1,313,953
UNY Group Holdings Co., Ltd.		15,000		91,908
				2,401,579
FOOD PRODUCTS — 1.1%
Ajinomoto Co., Inc. (a)		30,003		434,466
Hokuto Corp. (a)		3,000		56,372
Kikkoman Corp. (a)		15,256		288,268
MEIJI Holdings Co., Ltd.		3,000		192,950
Nissin Foods Holding Co., Ltd. (a)		4,540		191,786
Sakata Seed Corp.		11,984		152,102
Yakult Honsha Co., Ltd.		4,464		225,525
				1,541,469
GAS UTILITIES — 0.8%
Osaka Gas Co., Ltd.		90,150		354,236
Saibu Gas Co., Ltd.		75,273		176,894
Tokyo Gas Co., Ltd.		104,873		516,856
				1,047,986
HEALTH CARE EQUIPMENT & SUPPLIES — 0.7%
Nakanishi, Inc.		1,400		200,466
Olympus Corp. (b)		7,542		238,950
Sysmex Corp.		3,000		177,251

105

SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Terumo Corp.		7,456	$	359,659
				976,326
HEALTH CARE PROVIDERS & SERVICES — 0.4%
Medipal Holdings Corp.		8,992		118,747
Miraca Holdings, Inc.		4,536		214,058
Suzuken Co., Ltd.		4,532		146,819
				479,624
HOTELS, RESTAURANTS & LEISURE — 0.4%
Oriental Land Co., Ltd.		3,004		433,573
Round One Corp.		6,000		48,237
				481,810
HOUSEHOLD DURABLES — 2.4%
Casio Computer Co., Ltd. (a)		16,548		202,629
Funai Electric Co., Ltd. (a)		2,995		39,010
Haseko Corp. (b)		13,500		102,754
Panasonic Corp.		101,881		1,186,455
Pioneer Corp. (a)(b)		17,960		37,593
Sangetsu Co., Ltd. (a)		1,476		36,821
Sekisui Chemical Co., Ltd.		15,079		185,071
Sekisui House, Ltd.		29,679		415,091
Sharp Corp. (b)		44,519		141,471
Sony Corp. (a)		51,011		886,219
Sumitomo Forestry Co., Ltd.		10,468		122,005
				3,355,119
HOUSEHOLD PRODUCTS — 0.2%
Unicharm Corp.		4,532		258,713
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1%
Electric Power Development Co., Ltd.		6,040		176,134
INDUSTRIAL CONGLOMERATES — 0.8%
Keihan Electric Railway Co., Ltd.		44,747		170,294
Nisshinbo Holdings, Inc.		14,584		140,283
Toshiba Corp.		179,633		755,414
				1,065,991
INSURANCE — 2.5%
MS&AD Insurance Group Holdings, Inc.		27,036		725,899
NKSJ Holdings, Inc.		15,000		417,297
Sony Financial Holdings, Inc.		12,000		218,524
T&D Holdings, Inc.		31,500		440,260
The Dai-ichi Life Insurance Co., Ltd.		31,500		526,573
Tokio Marine Holdings, Inc.		33,047		1,105,183
				3,433,736
INTERNET & CATALOG RETAIL — 0.4%
Rakuten, Inc. (a)		37,500		558,013
INTERNET SOFTWARE & SERVICES — 0.5%
DeNA Co., Ltd. (a)		6,000		126,274
Gree, Inc. (a)		4,500		44,484
Internet Initiative Japan, Inc.		4,500		120,736
Yahoo! Japan Corp.		78,200		435,251
				726,745
IT SERVICES — 0.8%
Fujitsu, Ltd. (b)		75,498		390,761
IT Holdings Corp.		6,032		95,210
Itochu Techno-Solutions Corp. (a)		4,008		162,638
NET One Systems Co., Ltd. (a)		15,000		98,473
Nomura Research Institute, Ltd.		300		9,462
NTT Data Corp.		6,000		221,493
Otsuka Corp.		12		1,531
SCSK Corp.		1,400		36,723
TKC Corp.		3,000		51,035
				1,067,326
LEISURE EQUIPMENT & PRODUCTS — 1.3%
Namco Bandai Holdings, Inc.		16,532		367,116
Nikon Corp.		13,540		258,807
Roland Corp.		1,500		20,365
Sankyo Co., Ltd.		4,540		209,495
Sega Sammy Holdings, Inc.		15,031		382,836
Shimano, Inc.		4,492		385,926
Yamaha Corp.		8,992		142,787
				1,767,332
MACHINERY — 6.0%
Amada Co., Ltd.		14,527		128,125
DMG Mori Seiki Co., Ltd.		7,468		134,432
FANUC Corp.		8,980		1,644,689
Glory, Ltd.		7,544		195,589
IHI Corp.		75,311		325,305
JTEKT Corp.		10,508		178,957
Kawasaki Heavy Industries, Ltd.		59,978		251,656
Komatsu, Ltd.		40,539		824,241
Komori Corp. (a)		5,988		101,922
Kubota Corp.		29,663		490,785
Kurita Water Industries, Ltd. (a)		7,476		155,203
Makita Corp.		6,576		345,364
Minebea Co., Ltd.		15,255		111,613
Mitsubishi Heavy Industries, Ltd.		149,676		927,064
Mitsui Engineering & Shipbuilding Co., Ltd.		59,567		122,982
NGK Insulators, Ltd.		15,320		291,227
NSK, Ltd.		15,463		192,432
NTN Corp. (b)		15,495		70,321
OKUMA Corp. (a)		14,648		161,525
OSG Corp.		7,512		127,648
SMC Corp.		3,020		761,429
Sodick Co., Ltd.		13,500		59,983
Sumitomo Heavy Industries, Ltd.		29,795		137,204
Takuma Co., Ltd. (a)		15,000		131,440
The Japan Steel Works, Ltd.		14,708		82,283
THK Co., Ltd.		7,500		187,241
Toshiba Machine Co., Ltd.		14,944		86,446
				8,227,106
MARINE — 0.3%
Kawasaki Kisen Kaisha, Ltd.		44,759		113,276
Mitsui OSK Lines, Ltd.		30,491		137,508
Nippon Yusen K.K. (a)		59,995		191,792
				442,576
MEDIA — 0.6%
CyberAgent, Inc.		3,000		122,163
Dentsu, Inc.		12,000		490,938
Toho Co., Ltd.		10,452		230,013
				843,114
METALS & MINING — 2.3%
Daido Steel Co., Ltd.		15,199		75,485
Dowa Holdings Co., Ltd.		14,767		144,432

106

SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
JFE Holdings, Inc.		21,047	$	501,019
Kobe Steel, Ltd. (a)(b)		90,645		155,236
Mitsubishi Materials Corp.		60,027		221,592
Mitsubishi Steel Manufacturing Co., Ltd.		30,000		76,209
Mitsui Mining & Smelting Co., Ltd.		44,839		137,796
Nippon Steel Corp.		344,755		1,154,595
Nisshin Steel Holdings Co., Ltd.		4,400		52,705
Sumitomo Metal Mining Co., Ltd.		29,575		387,468
Toho Zinc Co., Ltd.		30,000		100,471
Tokyo Steel Manufacturing Co., Ltd. (a)(b)		1,444		7,488
Topy Industries, Ltd.		44,000		81,633
Yodogawa Steel Works, Ltd.		29,963		129,140
				3,225,269
MULTILINE RETAIL — 0.7%
Isetan Mitsukoshi Holdings, Ltd.		18,041		256,613
J Front Retailing Co., Ltd.		29,778		225,520
Marui Group Co., Ltd.		19,516		198,307
Ryohin Keikaku Co., Ltd.		1,536		166,161
Takashimaya Co., Ltd.		15,332		152,729
				999,330
OFFICE ELECTRONICS — 1.8%
Brother Industries, Ltd.		13,532		185,010
Canon, Inc. (a)		53,958		1,709,530
Konica Minolta Holdings, Inc.		30,075		300,163
Ricoh Co., Ltd.		29,555		314,376
				2,509,079
OIL, GAS & CONSUMABLE FUELS — 0.8%
Cosmo Oil Co., Ltd. (b)		44,927		85,917
Inpex Corp.		24,000		307,807
JX Holdings, Inc.		109,500		563,622
TonenGeneral Sekiyu K.K. (a)		14,547		133,560
				1,090,906
PAPER & FOREST PRODUCTS — 0.2%
Nippon Paper Industries Co., Ltd. (a)		3,000		55,773
OJI Paper Co., Ltd.		44,839		229,943
				285,716
PERSONAL PRODUCTS — 0.9%
Kao Corp.		24,039		757,044
Mandom Corp.		7,516		238,126
Shiseido Co., Ltd. (a)		13,532		217,712
				1,212,882
PHARMACEUTICALS — 4.9%
Astellas Pharma, Inc.		20,971		1,243,036
Chugai Pharmaceutical Co., Ltd. (a)		12,016		265,803
Daiichi Sankyo Co., Ltd.		30,051		549,813
Dainippon Sumitomo Pharma Co., Ltd. (a)		7,460		116,757
Eisai Co., Ltd.		11,940		462,923
Hisamitsu Pharmaceutical Co., Inc.		3,004		151,479
Kissei Pharmaceutical Co., Ltd.		7,500		184,672
Kyowa Hakko Kirin Co., Ltd. (a)		14,833		163,564
Mitsubishi Tanabe Pharma Corp.		15,000		209,219
Mochida Pharmaceutical Co., Ltd.		3,000		178,393
Nichi-iko Pharmaceutical Co., Ltd. (a)		1,500		23,163
Ono Pharmaceutical Co., Ltd.		3,032		265,684
Otsuka Holdings Co., Ltd.		11,900		344,189
Santen Pharmaceutical Co., Ltd.		7,456		347,954
Seikagaku Corp.		6,000		73,412
Shionogi & Co., Ltd.		14,996		325,302
Taisho Pharmaceutical Holdings Co., Ltd.		2,900		199,486
Takeda Pharmaceutical Co., Ltd.		34,755		1,595,480
Torii Pharmaceutical Co., Ltd.		1,500		44,099
Tsumura & Co.		100		2,653
				6,747,081
PROFESSIONAL SERVICES — 0.1%
Meitic Corp.		6,012		162,905
REAL ESTATE MANAGEMENT & DEVELOPMENT — 4.3%
Daikyo, Inc. (a)		30,256		82,329
Daito Trust Construction Co., Ltd.		4,464		417,498
Daiwa House Industry Co., Ltd.		30,363		587,876
Heiwa Real Estate Co., Ltd.		7,400		128,561
Leopalace21 Corp. (b)		7,544		39,907
Mitsubishi Estate Co., Ltd.		57,111		1,708,902
Mitsui Fudosan Co., Ltd.		41,923		1,509,715
Sumitomo Realty & Development Co., Ltd.		14,843		738,584
Tokyo Tatemono Co., Ltd. (a)		29,540		328,269
Tokyu Fudosan Holdings Corp. (b)		40,900		385,243
				5,926,884
ROAD & RAIL — 3.8%
Central Japan Railway Co.		7,500		883,402
East Japan Railway Co.		16,500		1,315,542
Hankyu Hanshin Holdings, Inc.		60,486		326,874
Keikyu Corp. (a)		30,355		250,395
Keisei Electric Railway Co., Ltd.		15,147		139,357
Kintetsu Corp. (a)		90,038		316,103
Nagoya Railroad Co., Ltd.		60,362		174,013
Nankai Electric Railway Co., Ltd.		45,111		159,233
Nippon Express Co., Ltd.		59,555		288,412
Odakyu Electric Railway Co., Ltd. (a)		15,483		140,092
Sotetsu Holdings, Inc.		60,254		206,379
Tobu Railway Co., Ltd.		45,007		218,387
Tokyu Corp.		45,391		294,099
West Japan Railway Co.		10,500		455,544
				5,167,832
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.8%
Advantest Corp. (a)		9,016		112,115
Dainippon Screen Manufacturing Co., Ltd. (b)		364		2,064
Disco Corp. (a)		2,684		178,244
Rohm Co., Ltd.		4,476		218,040
Sanken Electric Co., Ltd.		15,404		113,582
Shinko Electric Industries Co., Ltd. (a)		4,492		37,268
Sumco Corp. (a)		7,546		66,626
Tokyo Electron, Ltd.		7,540		413,210
				1,141,149
SOFTWARE — 0.7%
Konami Corp. (a)		5,992		138,477
Nintendo Co., Ltd. (a)		4,548		606,227
NSD Co., Ltd.		6,032		71,508
Square Enix Holdings Co., Ltd. (a)		5,996		104,968

107

SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Trend Micro, Inc. (a)(b)		2,968	$	103,917
				1,025,097
SPECIALTY RETAIL — 1.4%
Aoyama Trading Co., Ltd.		7,484		202,436
Autobacs Seven Co., Ltd.		4,380		68,302
Fast Retailing Co., Ltd.		1,476		609,471
Hikari Tsushin, Inc. (a)		1,484		111,965
Nitori Holding Co., Ltd.		1,510		143,235
Sanrio Co., Ltd. (a)		3,048		128,323
Shimachu Co., Ltd.		7,484		177,229
Shimamura Co., Ltd.		1,532		143,718
USS Co., Ltd.		15,000		206,080
Yamada Denki Co., Ltd. (a)		45,000		147,281
				1,938,040
TEXTILES, APPAREL & LUXURY GOODS — 0.4%
Asics Corp.		15,064		257,266
Gunze, Ltd.		30,223		75,913
Onward Holdings Co., Ltd.		14,580		110,559
The Japan Wool Textile Co., Ltd.		15,031		109,259
				552,997
TOBACCO — 1.1%
Japan Tobacco, Inc.		45,000		1,464,250
TRADING COMPANIES & DISTRIBUTORS — 3.7%
Hanwa Co., Ltd.		15,207		81,457
Inaba Denki Sangyo Co., Ltd.		7,456		232,678
ITOCHU Corp.		64,566		797,976
Iwatani Corp.		28,451		144,549
Kanematsu Corp.		66,000		108,634
Marubeni Corp.		75,402		542,352
Mitsubishi Corp.		57,007		1,093,983
Mitsui & Co., Ltd.		75,202		1,048,199
Sojitz Corp.		64,428		114,629
Sumitomo Corp.		47,975		602,968
Toyota Tsusho Corp.		7,539		186,709
Yamazen Corp.		21,000		128,871
				5,083,005
TRANSPORTATION INFRASTRUCTURE — 0.3%
Kamigumi Co., Ltd.		15,395		141,200
Mitsubishi Logistics Corp. (a)		14,216		224,659
				365,859
WIRELESS TELECOMMUNICATION SERVICES — 4.2%
KDDI Corp.		26,700		1,643,585
NTT DoCoMo, Inc.		66,100		1,084,844
Softbank Corp.		35,515		3,108,682
				5,837,111
TOTAL COMMON STOCKS —
(Cost $137,005,775)				137,717,725
RIGHTS — 0.0% (c)
JAPAN — 0.0% (c)
PHARMACEUTICALS — 0.0% (c)
Nichi-iko Pharmaceutical Co., Ltd. (expiring 1/24/14) (b) (Cost $7,970)		1,500		6,708
SHORT TERM INVESTMENTS — 6.7%
UNITED STATES — 6.7%
MONEY MARKET FUNDS — 6.7%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		7,952,139		7,952,139
State Street Institutional Liquid Reserves Fund 0.06% (e)(f)		1,192,433		1,192,433
TOTAL SHORT TERM INVESTMENTS —
(Cost $9,144,572)				9,144,572
TOTAL INVESTMENTS — 106.6% (g)
(Cost $146,158,317)				146,869,005
OTHER ASSETS & LIABILITIES — (6.6)%				(9,036,498	)
NET ASSETS — 100.0%			$	137,832,507

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Amount shown represents less than 0.05% of net assets.
(d)	Investments of cash collateral for securities loaned.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	The rate shown is the annualized seven-day yield at period end.
(g)	Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

108

SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.9%
JAPAN — 99.9%
AIR FREIGHT & LOGISTICS — 0.3%
Kintetsu World Express, Inc.		7,500	$	301,841
AIRLINES — 0.0% (a)
Skymark Airlines, Inc.		9,200		33,787
AUTO COMPONENTS — 5.7%
Ahresty Corp.		8,100		64,966
Calsonic Kansei Corp.		7,000		36,164
Exedy Corp.		5,700		166,762
FCC Co., Ltd.		10,613		211,644
Futaba Industrial Co., Ltd. (b)(c)		14,794		56,865
Keihin Corp.		10,841		168,125
Koito Manufacturing Co., Ltd.		21,000		400,999
KYB Co., Ltd.		30,902		162,588
Mitsuba Corp.		2,100		34,146
Musashi Seimitsu Industry Co., Ltd.		13,652		295,368
NHK Spring Co., Ltd.		7,700		86,886
Nifco, Inc.		12,300		326,034
Nissan Shatai Co., Ltd.		27,000		392,779
Nissin Kogyo Co., Ltd.		13,034		276,293
Press Kogyo Co., Ltd.		29,569		122,659
Showa Corp.		17,139		276,233
Takata Corp.		14,500		415,941
Tokai Rika Co., Ltd.		11,000		218,943
Topre Corp.		15,934		236,194
Toyo Tire & Rubber Co., Ltd. (c)		46,372		264,277
Toyota Boshoku Corp.		10,300		128,670
TS Tech Co., Ltd.		13,100		441,839
Unipres Corp.		9,400		176,365
				4,960,740
BEVERAGES — 0.9%
Coca-Cola East Japan Co., Ltd.		21,200		440,923
Coca-Cola West Co., Ltd. (c)		3,000		63,565
Sapporo Holdings, Ltd. (c)		46,000		193,445
Takara Holdings, Inc.		12,000		111,888
				809,821
BIOTECHNOLOGY — 0.7%
3-D Matrix, Ltd. (b)(c)		1,500		46,382
AnGes MG, Inc. (b)(c)		3,300		19,372
D.Western Therapeutics Institute, Inc. (b)		1,000		8,544
GNI Group, Ltd. (b)(c)		13,000		57,761
Japan Tissue Engineering Co., Ltd. (b)		4		16,079
NanoCarrier Co., Ltd. (b)(c)		41		89,213
OncoTherapy Science, Inc. (b)(c)		26,600		64,282
Sosei Group Corp. (b)		3,600		147,795
Takara Bio, Inc.		5,700		118,062
UMN Pharma, Inc. (b)		1,000		29,019
				596,509
BUILDING PRODUCTS — 2.7%
Aica Kogyo Co., Ltd.		18,519		366,310
Bunka Shutter Co., Ltd.		42,577		259,258
Central Glass Co., Ltd.		57,309		190,839
Nichias Corp.		31,000		212,359
Nippon Sheet Glass Co., Ltd. (b)(c)		46,000		59,959
Nitto Boseki Co., Ltd.		64,020		338,054
Noritz Corp. (c)		7,965		170,584
Sankyo Tateyama, Inc.		13,400		266,202
Sanwa Holdings Corp.		68,910		467,464
				2,331,029
CAPITAL MARKETS — 2.7%
Ichigo Group Holdings Co., Ltd. (c)		19,400		72,354
Jafco Co., Ltd.		8,200		446,259
Matsui Securities Co., Ltd.		18,600		238,550
Monex Group, Inc.		75,600		338,781
Okasan Securities Group, Inc.		37,447		381,934
Sawada Holdings Co., Ltd.		1,700		20,800
Sparx Group Co., Ltd. (b)		5,200		14,743
Tokai Tokyo Financial Holdings, Inc.		65,221		630,461
Toyo Securities Co., Ltd.		55,457		201,029
				2,344,911
CHEMICALS — 5.1%
ADEKA Corp.		27,013		297,617
Asahi Organic Chemicals Industry Co., Ltd.		45,540		94,888
C. Uyemura & Co., Ltd.		2,576		112,741
Fujikura Kasei Co., Ltd.		23,538		132,129
Fujimi, Inc.		7,473		96,910
Ishihara Sangyo Kaisha, Ltd. (b)		127,811		139,844
Japan Pure Chemical Co., Ltd.		129		264,493
Kureha Corp.		34,000		174,035
Lintec Corp.		13,708		254,062
Nippon Carbide Industries Co., Inc. (c)		5,000		15,033
Nippon Soda Co., Ltd.		36,065		229,899
Nippon Valqua Industries, Ltd.		42,025		113,154
NOF Corp.		48,731		346,804
Okamoto Industries, Inc.		69,841		217,952
Sumitomo Bakelite Co., Ltd.		43,000		154,645
Taiyo Holdings Co., Ltd.		8,300		261,386
Toagosei Co., Ltd.		60,000		256,886
Tokai Carbon Co., Ltd.		43,542		152,038
Tokuyama Corp. (c)		41,000		155,644
Tokyo Ohka Kogyo Co., Ltd.		15,800		338,083
Tosoh Corp.		26,000		120,965
Toyo Ink Manufacturing Co., Ltd.		47,000		232,082
Zeon Corp. (c)		33,000		309,262
				4,470,552
COMMERCIAL BANKS — 6.8%
Bank of the Ryukyus, Ltd. (c)		13,681		179,107
Kansai Urban Banking Corp.		114,000		132,325
North Pacific Bank, Ltd.		70,200		285,863
The 77 Bank, Ltd.		6,000		29,057
The Aichi Bank, Ltd.		6,149		294,272
The Bank of Iwate, Ltd.		6,756		339,391
The Bank of Nagoya, Ltd. (c)		40,000		135,483
The Bank of Okinawa, Ltd. (c)		5,900		234,361
The Daishi Bank, Ltd.		67,000		231,397
The Fukushima Bank, Ltd.		286,478		237,130
The Higo Bank, Ltd.		43,000		236,059
The Hokkoku Bank, Ltd. (c)		42,000		150,649
The Hyakugo Bank, Ltd.		65,000		260,359
The Hyakujushi Bank, Ltd.		56,000		195,005
The Juroku Bank, Ltd.		69,000		253,404
The Kagoshima Bank, Ltd.		36,000		228,800
The Keiyo Bank, Ltd.		48,000		231,083
The Kiyo Bank, Ltd. (b)		22,300		297,673
The Musashino Bank, Ltd.		13,300		446,054

109

SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
The Nagano Bank, Ltd.		100,534	$	174,085
The Nanto Bank, Ltd.		48,000		179,478
The Shikoku Bank, Ltd.		72,000		161,667
The Shimizu Bank, Ltd.		5,900		158,299
The Taiko Bank, Ltd. (c)		70,000		154,512
The Tochigi Bank, Ltd. (c)		36,846		142,679
The Tokyo Tomin Bank, Ltd.		10,105		104,891
The Yachiyo Bank, Ltd.		6,600		172,119
Tomato Bank, Ltd.		113,872		191,764
TOMONY Holdings, Inc.		36,705		148,419
				5,985,385
COMMERCIAL SERVICES & SUPPLIES — 1.8%
Aeon Delight Co., Ltd.		5,900		113,223
Daiseki Co., Ltd.		18,293		358,185
Duskin Co., Ltd.		16,600		314,927
Moshi Moshi Hotline, Inc.		13,744		147,371
Nissha Printing Co., Ltd. (b)(c)		11,200		178,168
Okamura Corp.		23,884		203,152
Pilot Corp.		6,600		227,002
Sanix, Inc. (b)(c)		1,800		14,660
				1,556,688
COMMUNICATIONS EQUIPMENT — 1.0%
Aiphone Co., Ltd.		8,006		135,814
Denki Kogyo Co., Ltd.		33,303		230,987
Hitachi Kokusai Electric, Inc.		20,634		290,550
Icom, Inc.		8,200		198,320
				855,671
COMPUTERS & PERIPHERALS — 0.6%
Eizo Nanao Corp.		8,300		212,110
Melco Holdings, Inc. (c)		4,500		58,142
Wacom Co., Ltd.		40,700		285,777
				556,029
CONSTRUCTION & ENGINEERING — 4.8%
Chugai Ro Co., Ltd. (c)		55,522		137,346
Daiho Corp.		4,000		17,735
Hazama Ando Corp.		7,300		26,045
Kandenko Co., Ltd.		31,000		174,901
Kinden Corp.		33,924		355,039
Kumagai Gumi Co., Ltd. (b)(c)		19,000		55,497
Kyowa Exeo Corp.		28,776		380,559
Kyudenko Corp.		30,657		208,259
Maeda Corp.		53,158		352,010
Maeda Road Construction Co., Ltd.		25,000		410,780
Mirait Holdings Corp.		23,600		209,942
Nippo Corp.		3,000		49,864
Nishimatsu Construction Co., Ltd.		26,000		82,622
Penta-Ocean Construction Co., Ltd. (c)		105,500		370,387
Sanki Engineering Co., Ltd.		23,196		145,878
SHO-BOND Holdings Co., Ltd.		10,300		473,327
Sumitomo Mitsui Construction Co., Ltd. (b)		32,600		39,701
Taikisha, Ltd.		11,400		253,478
Tekken Corp. (b)(c)		13,000		39,951
Toda Corp.		48,000		166,690
Tokyu Construction Co., Ltd. (b)		20,222		102,356
Toyo Engineering Corp.		32,000		130,308
				4,182,675
CONSTRUCTION MATERIALS — 0.1%
Sumitomo Osaka Cement Co., Ltd.		15,000		57,657
CONSUMER FINANCE — 1.1%
Acom Co., Ltd. (b)(c)		94,100		319,620
Aiful Corp. (b)(c)		49,400		206,803
Hitachi Capital Corp.		2,000		58,323
J Trust Co., Ltd. (c)		15,200		216,347
Orient Corp. (b)		73,200		171,326
				972,419
CONTAINERS & PACKAGING — 1.0%
FP Corp. (c)		3,800		271,158
Fuji Seal International, Inc.		9,470		293,727
Taisei Lamick Co., Ltd. (c)		12,300		299,703
				864,588
DISTRIBUTORS — 0.3%
Canon Marketing Japan, Inc.		12,300		171,677
Jin Co., Ltd. (c)		2,600		110,080
				281,757
DIVERSIFIED FINANCIAL SERVICES — 1.3%
Century Tokyo Leasing Corp.		15,100		498,521
Fuyo General Lease Co., Ltd.		4,600		180,096
Japan Securities Finance Co., Ltd.		23,419		182,040
Ricoh Leasing Co., Ltd.		7,567		224,263
Zenkoku Hosho Co., Ltd.		1,000		43,766
				1,128,686
ELECTRIC UTILITIES — 0.3%
The Okinawa Electric Power Co., Inc.		6,700		225,660
ELECTRICAL EQUIPMENT — 1.5%
Daihen Corp.		36,971		171,655
Endo Lighting Corp. (c)		2,800		55,811
Fujikura, Ltd.		28,000		131,335
Furukawa Electric Co., Ltd.		40,000		100,471
Futaba Corp.		14,800		193,334
Nippon Carbon Co., Ltd. (c)		39,000		73,469
Nippon Signal Co., Ltd. (c)		18,500		156,477
Sinfonia Technology Co., Ltd.		65,826		105,843
SWCC Showa Holdings Co., Ltd. (b)(c)		123,075		125,294
Tatsuta Electric Wire and Cable Co., Ltd. (c)		14,400		86,999
Toyo Tanso Co., Ltd. (c)		4,400		83,768
				1,284,456
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.9%
Alps Electric Co., Ltd. (b)		39,100		444,551
Amano Corp.		19,932		183,001
Anritsu Corp.		15,700		172,826
Citizen Holdings Co., Ltd.		23,600		198,940
Daiwabo Holdings Co., Ltd. (c)		34,635		67,883
Enplas Corp.		600		41,216
ESPEC Corp.		13,531		105,565
Hakuto Co., Ltd. (c)		20,211		201,908
Hitachi High-Technologies Corp.		1,100		27,640
Horiba, Ltd. (c)		11,200		382,551
Hosiden Corp.		23,595		127,510
Japan Aviation Electronics Industry, Ltd.		2,000		25,727
Japan Cash Machine Co., Ltd. (c)		6,824		134,461
Koa Corp.		16,591		170,322
Maruwa Co., Ltd.		2,400		80,948

110

SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Mitsumi Electric Co., Ltd. (b)		1,300	$	10,847
Nichicon Corp.		13,100		126,881
Nihon Dempa Kogyo Co., Ltd.		5,795		49,677
Nippon Ceramic Co., Ltd. (c)		7,023		109,850
Nippon Chemi-Con Corp. (b)(c)		28,432		109,286
Oki Electric Industry Co., Ltd. (b)		165,000		389,325
Ryosan Co., Ltd.		9,896		210,715
Ryoyo Electro Corp. (c)		21,004		216,225
Star Micronics Co., Ltd. (c)		12,669		147,778
Taiyo Yuden Co., Ltd. (c)		27,600		360,017
Topcon Corp. (c)		15,019		228,061
				4,323,711
ENERGY EQUIPMENT & SERVICES — 0.5%
Japan Drilling Co., Ltd. (c)		1,700		99,957
Modec, Inc.		7,000		201,132
Shinko Plantech Co., Ltd.		21,786		169,347
				470,436
FOOD & STAPLES RETAILING — 1.9%
Cawachi, Ltd.		7,935		149,406
Cosmos Pharmaceutical Corp.		600		65,135
Izumiya Co., Ltd.		35,933		158,631
Kato Sangyo Co., Ltd.		8,200		149,793
Matsumotokiyoshi Holdings Co., Ltd. (c)		10,600		370,629
Ministop Co., Ltd.		10,394		162,479
Tsuruha Holdings, Inc.		1,100		101,204
Valor Co., Ltd.		11,400		150,872
Yokohama Reito Co., Ltd.		42,280		321,007
				1,629,156
FOOD PRODUCTS — 2.8%
Ariake Japan Co., Ltd.		10,464		257,755
Ezaki Glico Co., Ltd.		21,000		237,762
Fuji Oil Co., Ltd.		15,100		225,124
Fujicco Co., Ltd.		10,657		120,862
Hokuto Corp. (c)		11,421		214,609
Marudai Food Co., Ltd.		94,417		276,680
Maruha Nichiro Holdings, Inc.		106,000		184,558
Megmilk Snow Brand Co., Ltd. (c)		16,500		208,006
Mitsui Sugar Co., Ltd.		40,497		155,661
Morinaga Milk Industry Co., Ltd.		47,000		139,518
Nakamuraya Co., Ltd.		45,952		173,132
Nippon Suisan Kaisha, Ltd. (b)		59,275		134,786
Riken Vitamin Co., Ltd.		5,880		125,762
				2,454,215
GAS UTILITIES — 0.2%
Shizuoka Gas Co., Ltd.		34,319		204,402
HEALTH CARE EQUIPMENT & SUPPLIES — 1.5%
Asahi Intecc Co., Ltd.		8,400		313,686
Fukuda Denshi Co., Ltd.		7,286		297,734
Nakanishi, Inc.		2,047		293,110
Nihon Kohden Corp.		1,000		34,918
Nikkiso Co., Ltd.		1,000		12,597
Nipro Corp. (c)		19,600		177,343
Paramount Bed Holdings Co., Ltd.		5,400		181,105
				1,310,493
HEALTH CARE PROVIDERS & SERVICES — 0.9%
Message Co., Ltd.		6,800		209,943
Ship Healthcare Holdings, Inc.		10,400		404,205
Toho Holdings Co., Ltd.		13,200		211,868
				826,016
HEALTH CARE TECHNOLOGY — 0.3%
M3, Inc. (c)		71		177,998
Medinet Co., Ltd. (b)(c)		106		43,165
				221,163
HOTELS, RESTAURANTS & LEISURE — 2.8%
Accordia Golf Co., Ltd.		32,800		413,803
Doutor Nichires Holdings Co., Ltd.		13,175		219,991
HIS Co., Ltd.		6,700		334,665
Imperial Hotel, Ltd.		700		15,012
MOS Food Services, Inc.		16,314		309,812
Ohsho Food Service Corp. (c)		8,300		254,279
PGM Holdings K. K. (c)		15,100		142,085
Round One Corp.		19,700		158,380
Tokyo Dome Corp.		52,085		344,409
Tokyotokeiba Co., Ltd. (c)		7,000		28,305
Zensho Co., Ltd. (c)		24,046		258,293
				2,479,034
HOUSEHOLD DURABLES — 1.8%
Chofu Seisakusho Co., Ltd. (c)		11,600		274,149
Clarion Co., Ltd. (b)(c)		39,000		58,627
Foster Electric Co., Ltd.		8,000		147,586
France Bed Holdings Co., Ltd.		134,734		261,507
Fujitsu General, Ltd.		13,000		138,775
Funai Electric Co., Ltd. (c)		8,100		105,503
JVC Kenwood Holdings, Inc. (c)		27,800		55,015
Misawa Homes Holdings, Inc.		12,766		196,400
Pioneer Corp. (b)(c)		14,800		30,979
Token Corp.		5,480		263,299
				1,531,840
INDUSTRIAL CONGLOMERATES — 0.2%
Katakura Industries Co., Ltd. (c)		13,680		155,666
INTERNET & CATALOG RETAIL — 0.6%
ASKUL Corp.		400		11,741
Senshukai Co., Ltd. (c)		27,824		233,223
Start Today Co., Ltd.		12,400		308,039
				553,003
INTERNET SOFTWARE & SERVICES — 0.8%
CROOZ, Inc. (c)		300		11,788
F@N Communications, Inc.		700		20,846
GMO Internet, Inc.		23,000		301,984
Gree, Inc. (c)		12,100		119,613
Internet Initiative Japan, Inc.		8,100		217,325
UNITED, Inc.		1,600		48,104
				719,660
IT SERVICES — 1.9%
Billing System Corp.		100		7,611
Digital Garage, Inc.		8,100		210,621
Future Architect, Inc.		66,400		351,252
GMO Payment Gateway, Inc. (c)		200		7,954
Ines Corp. (c)		31,660		207,844
IT Holdings Corp.		16,637		262,602
Itochu Techno-Solutions Corp. (c)		700		28,405
NET One Systems Co., Ltd. (c)		19,700		129,328
SCSK Corp.		9,600		251,817

111

SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Transcosmos, Inc.		9,967	$	190,891
				1,648,325
LEISURE EQUIPMENT & PRODUCTS — 1.1%
Fields Corp.		8,200		157,985
Heiwa Corp.		16,200		262,332
Roland Corp.		13,076		177,531
Tamron Co., Ltd. (c)		6,600		160,251
Tomy Co., Ltd.		18,000		80,320
Universal Entertainment Corp. (c)		5,800		107,055
				945,474
LIFE SCIENCES TOOLS & SERVICES — 0.3%
Chiome Bioscience, Inc. (b)		1,000		30,684
EPS Corp. (c)		147		193,007
				223,691
MACHINERY — 8.2%
Asahi Diamond Industrial Co., Ltd.		17,742		182,476
CKD Corp.		14,805		160,720
Daifuku Co., Ltd.		27,181		347,569
DMG Mori Seiki Co., Ltd.		25,000		450,026
Fuji Machine Manufacturing Co., Ltd.		16,942		140,881
Fujitec Co., Ltd.		1,000		13,006
Furukawa Co., Ltd.		103,280		204,388
Hitachi Zosen Corp.		41,200		315,551
Hoshizaki Electric Co., Ltd.		8,900		316,693
Iseki & Co., Ltd. (c)		33,000		98,587
Juki Corp. (b)		38,450		83,774
Kitz Corp. (c)		22,102		111,030
Komori Corp. (c)		20,840		354,719
Kyokuto Kaihatsu Kogyo Co., Ltd.		20,940		270,354
Makino Milling Machine Co., Ltd.		29,739		256,349
Meidensha Corp.		36,000		134,266
Minebea Co., Ltd.		63,000		460,939
Miura Co., Ltd. (c)		7,500		187,455
Nachi-Fujikoshi Corp.		56,418		318,309
Namura Shipbuilding Co., Ltd. (c)		11,400		153,909
Nihon Trim Co., Ltd.		500		38,628
Nippon Sharyo, Ltd. (c)		27,970		138,912
Nippon Thompson Co., Ltd.		21,511		119,318
Nitto Kohki Co., Ltd.		8,300		149,251
OKUMA Corp. (c)		24,192		266,767
OSG Corp.		18,100		307,565
Ryobi, Ltd.		30,723		123,646
Shibuya Kogyo Co., Ltd.		800		13,579
Shima Seiki Manufacturing, Ltd.		13,900		261,456
Sintokogio, Ltd.		17,019		127,758
Tadano, Ltd.		23,913		320,797
Toshiba Machine Co., Ltd.		35,009		202,516
Tsubakimoto Chain Co.		36,124		275,643
Tsugami Corp. (c)		14,000		83,916
Union Tool Co.		8,832		202,765
				7,193,518
MARINE — 0.2%
Iino Kaiun Kaisha, Ltd.		30,806		190,513
MEDIA — 3.0%
Adways, Inc. (b)(c)		3,000		83,488
Asatsu-DK, Inc. (c)		5,900		138,371
Avex Group Holdings, Inc. (c)		11,392		244,954
CyberAgent, Inc.		7,800		317,625
Daiichikosho Co., Ltd.		13,581		384,540
Kadokawa Corp. (c)		4,587		155,802
Next Co., Ltd.		2,100		22,318
Shochiku Co., Ltd. (c)		33,243		306,163
SKY Perfect JSAT Holdings, Inc.		37,700		204,094
Tokyo Broadcasting System Holdings, Inc.		14,700		182,657
TV Asahi Corp.		20,800		461,497
Usen Corp. (b)(c)		10,730		42,979
ValueCommerce Co., Ltd.		700		8,612
Zenrin Co., Ltd.		11,224		109,458
				2,662,558
METALS & MINING — 3.0%
Aichi Steel Corp.		31,000		128,300
Asahi Holdings, Inc.		13,400		227,955
Daido Steel Co., Ltd.		19,000		94,363
Godo Steel, Ltd.		31,440		58,330
Kyoei Steel, Ltd. (c)		6,800		128,295
Maruichi Steel Tube, Ltd.		15,200		384,103
Mitsui Mining & Smelting Co., Ltd.		52,000		159,802
Nippon Denko Co., Ltd.		39,000		117,625
Nippon Yakin Kogyo Co., Ltd. (b)(c)		28,000		94,306
Nisshin Steel Holdings Co., Ltd.		21,600		258,736
OSAKA Titanium Technologies Co. (c)		6,600		115,102
Pacific Metals Co., Ltd.		14,000		51,149
Sanyo Special Steel Co., Ltd.		34,750		169,609
Toho Titanium Co., Ltd. (c)		9,900		69,137
Toho Zinc Co., Ltd.		55,796		186,863
Tokyo Rope Manufacturing Co., Ltd. (b)(c)		46,654		73,240
Tokyo Steel Manufacturing Co., Ltd. (b)(c)		17,100		88,668
UACJ Corp.		51,000		193,121
Yamato Kogyo Co., Ltd.		1,100		35,165
				2,633,869
MULTILINE RETAIL — 0.9%
Izumi Co., Ltd.		12,900		405,024
Matsuya Co., Ltd. (b)		10,008		106,931
Parco Co., Ltd.		20,525		193,523
Seria Co., Ltd.		1,000		40,245
				745,723
OFFICE ELECTRONICS — 0.1%
Riso Kagaku Corp.		5,547		114,154
OIL, GAS & CONSUMABLE FUELS — 0.2%
Itochu Enex Co., Ltd.		34,104		187,871
PAPER & FOREST PRODUCTS — 0.9%
Daio Paper Corp.		27,940		279,918
Nippon Paper Industries Co., Ltd. (c)		26,400		490,801
				770,719
PERSONAL PRODUCTS — 1.6%
Dr Ci:Labo Co., Ltd. (c)		44		134,589
Euglena Co., Ltd. (b)		5,000		67,456
Fancl Corp.		11,700		126,568
Mandom Corp.		10,345		327,757
Milbon Co., Ltd.		9,120		357,494
Pola Orbis Holdings, Inc.		6,200		221,502
Unihair Co., Ltd.		12,704		140,571
				1,375,937

112

SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
PHARMACEUTICALS — 2.0%
JCR Pharmaceuticals Co., Ltd.		500	$	10,851
Kaken Pharmaceutical Co., Ltd.		30,428		457,412
KYORIN Holdings, Inc.		17,400		372,981
Mochida Pharmaceutical Co., Ltd.		5,600		333,000
Nichi-iko Pharmaceutical Co., Ltd. (c)		9,265		143,068
Torii Pharmaceutical Co., Ltd.		9,900		291,052
Towa Pharmaceutical Co., Ltd. (c)		3,800		159,621
ZERIA Pharmaceutical Co., Ltd.		1,000		24,404
				1,792,389
PROFESSIONAL SERVICES — 0.9%
Meitic Corp.		10,244		277,579
Nihon M&A Center, Inc.		4,200		283,316
Pasona Group, Inc.		18,800		132,363
Temp Holdings Co., Ltd. (c)		2,100		55,884
				749,142
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.3%
Daibiru Corp.		20,126		246,441
Daikyo, Inc. (c)		48,352		131,570
Goldcrest Co., Ltd.		4,809		125,092
Heiwa Real Estate Co., Ltd.		19,200		333,564
K.K. daVinci Holdings (b)(d)		262		0
Kenedix, Inc. (b)(c)		57,300		294,936
Leopalace21 Corp. (b)		30,700		162,401
NTT Urban Development Corp.		34,400		395,696
Sun Frontier Fudousan Co., Ltd.		700		11,155
Suruga Corp. (b)(d)(e)		10,689		0
TOC Co., Ltd.		36,300		289,765
				1,990,620
ROAD & RAIL — 1.3%
Hamakyorex Co., Ltd.		5,800		159,920
Hitachi Transport System, Ltd.		14,800		221,074
Kobe Electric Railway Co., Ltd. (b)(c)		46,500		149,979
Sankyu, Inc.		64,830		252,893
Seino Holdings Co., Ltd.		30,000		314,828
				1,098,694
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.8%
Dainippon Screen Manufacturing Co., Ltd. (b)		44,000		249,503
Disco Corp. (c)		2,100		139,460
Ferrotec Corp.		9,700		55,004
Megachips Corp.		10,300		157,580
Nuflare Technology, Inc.		100		12,426
Sanken Electric Co., Ltd.		2,000		14,747
Shindengen Electric Manufacturing Co., Ltd.		3,000		18,239
Shinko Electric Industries Co., Ltd. (c)		23,700		196,626
Sumco Corp. (c)		26,100		230,444
Tokyo Seimitsu Co., Ltd.		15,200		320,038
Ulvac, Inc. (b)		12,302		162,458
				1,556,525
SOFTWARE — 1.9%
Advanced Media, Inc. (b)		700		12,761
Broadleaf Co., Ltd.		2,000		36,953
Capcom Co., Ltd. (c)		12,700		228,009
COLOPL, Inc. (b)(c)		4,000		112,649
DTS Corp.		13,732		240,919
Dwango Co., Ltd. (c)		5,700		147,347
Fuji Soft, Inc.		10,874		249,852
Justsystems Corp. (b)		1,700		17,501
KLab, Inc. (b)		2,500		19,076
Nexon Co., Ltd.		13,200		122,072
NSD Co., Ltd.		15,778		187,045
Square Enix Holdings Co., Ltd. (c)		15,800		276,600
				1,650,784
SPECIALTY RETAIL — 4.0%
ABC-Mart, Inc.		5,900		257,937
Adastria Holdings Co., Ltd.		5,450		197,300
Autobacs Seven Co., Ltd.		23,788		370,948
Bic Camera, Inc. (c)		443		249,097
Chiyoda Co., Ltd.		8,113		156,386
DCM Japan Holdings Co., Ltd.		23,600		163,912
EDION Corp. (c)		16,850		98,594
Geo Holdings Corp. (c)		15,100		135,477
Hikari Tsushin, Inc. (c)		5,400		407,421
K’s Holdings Corp.		10,600		306,589
Kohnan Shoji Co., Ltd. (c)		14,600		150,716
Komeri Co., Ltd.		7,630		195,278
Nishimatsuya Chain Co., Ltd.		13,666		107,269
Shimachu Co., Ltd.		15,000		355,216
United Arrows, Ltd.		5,829		218,508
Xebio Co., Ltd.		8,161		156,845
				3,527,493
TEXTILES, APPAREL & LUXURY GOODS — 2.0%
Atsugi Co., Ltd.		185,470		213,519
Daidoh, Ltd. (c)		21,911		139,465
Gunze, Ltd.		57,348		144,045
Onward Holdings Co., Ltd.		30,000		227,487
Sanyo Shokai, Ltd.		59,516		161,382
Seiko Holdings Corp.		25,649		126,409
The Japan Wool Textile Co., Ltd.		32,170		233,841
Toyobo Co., Ltd.		148,000		273,174
TSI Holdings Co., Ltd.		20,300		135,971
Unitika, Ltd. (b)		164,084		99,913
				1,755,206
TRADING COMPANIES & DISTRIBUTORS — 3.3%
Hanwa Co., Ltd.		67,032		359,060
Inaba Denki Sangyo Co., Ltd.		10,263		320,276
Inabata & Co., Ltd.		31,175		341,693
Iwatani Corp.		69,422		352,708
Kanamoto Co., Ltd.		10,000		254,317
Kuroda Electric Co., Ltd.		29,400		441,399
MonotaRO Co., Ltd.		10,100		205,450
Nichiden Corp.		9,200		194,670
Okaya & Co., Ltd.		12,905		146,724
Trusco Nakayama Corp.		12,400		292,112
				2,908,409
TRANSPORTATION INFRASTRUCTURE — 1.1%
Japan Airport Terminal Co., Ltd. (c)		13,048		295,211
Mitsubishi Logistics Corp. (c)		10,000		158,032
Mitsui-Soko Co., Ltd.		45,686		212,119
The Sumitomo Warehouse Co., Ltd.		57,563		332,437
				997,799
TOTAL COMMON STOCKS —
(Cost $93,107,932)				87,399,069

113

SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
RIGHTS — 0.0% (a)
JAPAN — 0.0% (a)
PHARMACEUTICALS — 0.0% (a)
Nichi-iko Pharmaceutical Co., Ltd. (expiring 1/24/14) (b) (Cost $59,728)		9,265	$	41,431
SHORT TERM INVESTMENTS — 11.0%
UNITED STATES — 11.0%
MONEY MARKET FUNDS — 11.0%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		7,863,749		7,863,749
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		1,771,947		1,771,947
TOTAL SHORT TERM INVESTMENTS —
(Cost $9,635,696)				9,635,696
TOTAL INVESTMENTS — 110.9% (i)
(Cost $102,803,356)				97,076,196
OTHER ASSETS & LIABILITIES — (10.9)%				(9,572,361	)
NET ASSETS — 100.0%			$	87,503,835

(a)	Amount shown represents less than 0.05% of net assets.
(b)	Non-income producing security.
(c)	A portion of the security was on loan at December 31, 2013.
(d)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(e)	Company has filed for insolvency.
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.
(i)	Unless otherwise indicated, the values of the securities of the Fund are determined based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

114

SPDR S&P Global Dividend ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.6%
AUSTRALIA — 8.6%
ALS, Ltd. (a)		10,846	$	85,487
CFS Retail Property Trust Group (a)		70,763		123,134
Coca-Cola Amatil, Ltd. (a)		6,974		75,059
Monadelphous Group, Ltd. (a)		8,860		147,435
Origin Energy, Ltd.		6,216		78,245
Sonic Healthcare, Ltd.		5,588		82,888
UGL, Ltd. (a)		27,086		177,139
Woolworths, Ltd.		2,324		70,380
				839,767
CANADA — 15.5%
Bank of Montreal (a)		1,474		98,234
Bank of Nova Scotia		1,330		83,155
Canadian Imperial Bank of Commerce (a)		1,239		105,790
Cominar Real Estate Investment Trust		6,573		114,076
Emera, Inc.		2,412		69,397
Great-West Lifeco, Inc.		2,756		84,950
IGM Financial, Inc. (a)		2,045		107,957
National Bank of Canada		1,065		88,598
Power Corp. of Canada (a)		2,802		84,258
Power Financial Corp.		2,820		95,548
RioCan REIT		4,313		100,549
Royal Bank of Canada		1,209		81,256
Shaw Communications, Inc. (Class B)		3,080		74,935
Sun Life Financial, Inc.		2,814		99,371
TransAlta Corp.		11,458		145,368
TransCanada Corp. (a)		1,532		69,989
				1,503,431
FINLAND — 2.7%
Fortum Oyj		6,791		155,618
Konecranes Oyj		2,895		103,160
				258,778
FRANCE — 9.6%
Bouygues SA		5,774		218,161
Casino Guichard-Perrachon SA		835		96,385
Eiffage SA		1,255		72,372
GDF Suez		9,240		217,658
Sanofi		634		67,374
Total SA		2,320		142,355
Vinci SA		1,725		113,429
				927,734
GERMANY — 4.6%
Axel Springer SE		2,201		141,635
Deutsche Boerse AG		1,210		100,372
Muenchener Rueckversicherungs- Gesellschaft AG		505		111,443
Siemens AG		689		94,267
				447,717
HONG KONG — 1.4%
China Mobile, Ltd.		6,000		62,215
CLP Holdings, Ltd.		9,000		71,153
				133,368
ITALY — 1.6%
Atlantia SpA (a)		7,116		159,928
JAPAN — 5.3%
Azbil Corp.		2,534		59,092
Canon, Inc. (a)		2,000		63,365
Daito Trust Construction Co., Ltd.		747		69,864
Eisai Co., Ltd.		1,600		62,033
Nippon Telegraph & Telephone Corp.		1,072		57,728
NTT DoCoMo, Inc.		4,392		72,082
Sankyo Co., Ltd.		1,400		64,602
TonenGeneral Sekiyu K.K. (a)		7,000		64,269
				513,035
NETHERLANDS — 1.1%
Wolters Kluwer NV		3,559		101,736
RUSSIA — 1.0%
Lukoil OAO ADR (b)		360		22,723
Lukoil OAO ADR (b)		1,153		72,005
				94,728
SINGAPORE — 1.7%
Keppel Corp., Ltd.		9,000		79,764
Singapore Telecommunications, Ltd.		28,000		81,166
				160,930
SOUTH AFRICA — 2.7%
Sanlam, Ltd.		15,465		78,611
Standard Bank Group, Ltd.		7,325		90,512
The Foschini Group, Ltd. (a)		9,858		90,121
				259,244
SOUTH KOREA — 0.8%
KT&G Corp.		1,151		81,252
SPAIN — 5.8%
Abertis Infraestructuras SA		5,438		121,017
Enagas SA		4,733		123,882
Indra Sistemas SA (a)		4,608		77,179
Mapfre SA		23,523		100,903
Red Electrica Corporacion SA (a)		2,133		142,550
				565,531
SWEDEN — 3.7%
Hennes & Mauritz AB (Class B)		2,238		103,213
Securitas AB (Class B)		10,502		111,763
TeliaSonera AB		17,814		148,529
				363,505
SWITZERLAND — 3.4%
Baloise Holding AG		896		114,449
Novartis AG		973		77,897
PSP Swiss Property AG (c)		862		73,178
Roche Holding AG		239		66,969
				332,493
THAILAND — 0.5%
Advanced Info Service PCL, NVDR		8,400		50,998
UNITED KINGDOM — 11.3%
AMEC PLC		4,218		76,008
AstraZeneca PLC		3,326		196,908
BAE Systems PLC		14,495		104,432
British American Tobacco PLC		1,409		75,564
Carillion PLC (a)		29,080		159,181
Centrica PLC		15,122		87,084
GlaxoSmithKline PLC		3,245		86,611
Tesco PLC		15,553		86,127

115

SPDR S&P Global Dividend ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Vodafone Group PLC		36,419	$	142,956
William Morrison Supermarkets PLC		19,541		84,472
				1,099,343
UNITED STATES — 18.3%
Avista Corp. (a)		2,822		79,552
CA, Inc. (a)		2,188		73,626
ConocoPhillips (a)		1,227		86,688
Entergy Corp. (a)		1,260		79,720
Federated Investors, Inc. (Class B) (a)		2,255		64,944
FirstEnergy Corp. (a)		2,929		96,598
Hawaiian Electric Industries, Inc. (a)		3,525		91,861
HollyFrontier Corp. (a)		2,678		133,070
Integrys Energy Group, Inc.		1,448		78,786
Lockheed Martin Corp.		644		95,737
Meredith Corp.		1,172		60,710
New York Community Bancorp, Inc. (a)		9,461		159,418
People’s United Financial, Inc. (a)		5,467		82,661
Pepco Holdings, Inc. (a)		4,920		94,120
PPL Corp. (a)		2,991		89,999
Public Service Enterprise Group, Inc. (a)		2,483		79,555
Southern Co.		1,822		74,902
UIL Holdings Corp. (a)		2,108		81,685
United Bankshares, Inc. (a)		3,202		100,703
Vectren Corp. (a)		2,190		77,745
				1,782,080
TOTAL COMMON STOCKS —
(Cost $9,133,450)				9,675,598
SHORT TERM INVESTMENTS — 23.3%
UNITED STATES — 23.3%
MONEY MARKET FUNDS — 23.3%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		2,154,121		2,154,121
State Street Institutional Liquid Reserves Fund 0.06% (e)(f)		114,980		114,980
TOTAL SHORT TERM INVESTMENTS —
(Cost $2,269,101)				2,269,101
TOTAL INVESTMENTS — 122.9%
(Cost $11,402,551)				11,944,699
OTHER ASSETS & LIABILITIES — (22.9)%				(2,228,538	)
NET ASSETS — 100.0%			$	9,716,161

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(c)	Non-income producing security.
(d)	Investments of cash collateral for securities loaned.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

NVDR = Non Voting Depositary Receipt

PCL = Public Company Limited

PLC = Public Limited Company

REIT = Real Estate Investment Trust

116

SPDR S&P Global Dividend ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Electric Utilities		10.7	%
Construction & Engineering		9.1
Insurance		7.9
Oil, Gas & Consumable Fuels		7.0
Commercial Banks		6.7
Multi-Utilities		6.3
Pharmaceuticals		5.7
Media		4.0
Real Estate Investment Trusts		3.5
Food & Staples Retailing		3.4
Wireless Telecommunication Services		3.4
Diversified Telecommunication Services		3.0
Transportation Infrastructure		2.8
Thrifts & Mortgage Finance		2.5
Aerospace & Defense		2.1
Specialty Retail		2.0
Industrial Conglomerates		1.8
Capital Markets		1.8
Tobacco		1.6
Independent Power Producers & Energy Traders		1.5
Real Estate Management & Development		1.4
Gas Utilities		1.3
Commercial Services & Supplies		1.1
Machinery		1.1
Diversified Financial Services		1.0
Professional Services		0.9
Health Care Providers & Services		0.8
IT Services		0.8
Energy Equipment & Services		0.8
Beverages		0.8
Software		0.8
Leisure Equipment & Products		0.7
Office Electronics		0.7
Electronic Equipment, Instruments & Components		0.6
Short Term Investment		23.3
Other Assets & Liabilities		(22.9	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

117

SPDR S&P International Dividend ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.8%
AUSTRALIA — 20.7%
APA Group (a)		2,387,833	$	12,817,644
ASX, Ltd.		408,460		13,433,155
Australia & New Zealand Banking Group, Ltd.		488,562		14,087,469
Bendigo and Adelaide Bank, Ltd. (a)		1,466,850		15,419,723
CFS Retail Property Trust Group		4,631,019		8,058,406
Commonwealth Bank of Australia		189,053		13,158,796
Commonwealth Property Office Fund		7,034,284		7,835,058
DUET Group		5,878,151		10,517,771
Metcash, Ltd. (a)		6,676,793		18,875,914
Monadelphous Group, Ltd. (a)		1,057,266		17,593,417
Myer Holdings, Ltd. (a)		7,932,643		19,516,575
National Australia Bank, Ltd.		542,938		16,918,299
OZ Minerals, Ltd. (a)		4,616,019		13,008,617
SP AusNet		7,647,389		8,517,959
Spark Infrastructure Group		5,813,377		8,451,520
Stockland		2,571,463		8,305,016
Tatts Group, Ltd.		5,133,719		14,237,928
Telstra Corp., Ltd.		3,378,008		15,866,202
UGL, Ltd. (a)		2,233,047		14,603,879
Westfield Retail Trust		2,865,672		7,614,404
Westpac Banking Corp.		537,980		15,584,611
				274,422,363
BELGIUM — 3.0%
Belgacom SA (a)		1,023,675		30,334,361
Cofinimmo		71,251		8,811,680
				39,146,041
BRAZIL — 1.8%
Companhia Energetica de Minas Gerais ADR (a)		757,259		5,899,047
CPFL Energia SA ADR (a)		378,778		6,064,236
Oi SA ADR (a)		7,320,839		11,640,134
				23,603,417
CANADA — 7.8%
Artis REIT		413,355		5,781,134
Baytex Energy Corp. (a)		407,235		15,959,779
Bell Aliant, Inc. (a)		496,139		12,481,690
Canadian Oil Sands, Ltd.		855,404		16,085,621
Cominar Real Estate Investment Trust		372,519		6,465,177
Crescent Point Energy Corp. (a)		505,037		19,607,319
Dundee Real Estate Investment Trust		265,558		7,203,183
Lightstream Resources, Ltd. (a)		713,964		3,951,161
Penn West Petroleum, Ltd. (a)		1,926,130		16,079,786
				103,614,850
CHINA — 1.5%
Anta Sports Products, Ltd. (a)		4,940,000		6,116,266
Bank of China, Ltd.		14,214,000		6,544,444
Zijin Mining Group Co., Ltd. (Class H) (a)		32,592,000		6,977,620
				19,638,330
COLOMBIA — 0.5%
Ecopetrol SA, ADR (a)		157,074		6,039,495
CZECH REPUBLIC — 1.3%
CEZ AS		358,065		9,319,047
Komercni Banka AS		35,991		8,010,018
				17,329,065
DENMARK — 2.2%
TDC A/S		2,945,229		28,613,998
FINLAND — 9.2%
Elisa Oyj (a)		765,047		20,303,817
Fortum Oyj		883,926		20,255,430
Metso Oyj (a)		441,761		18,882,629
Orion Oyj (Class B) (a)		415,749		11,698,233
Stora Enso Oyj		1,956,021		19,662,200
UPM-Kymmene Oyj (a)		1,813,761		30,691,049
				121,493,358
FRANCE — 4.4%
Fonciere Des Regions (a)		100,819		8,717,449
Neopost SA (a)		118,618		9,156,447
Total SA		301,839		18,520,869
Vivendi SA		847,998		22,382,587
				58,777,352
GERMANY — 3.6%
Freenet AG (b)		24,514		735,708
ProSiebenSat.1 Media AG		531,088		26,345,248
Telefonica Deutschland Holding AG		2,443,381		20,201,134
				47,282,090
HONG KONG — 2.6%
BOC Hong Kong Holdings, Ltd.		3,905,000		12,515,138
Shougang Fushan Resources Group, Ltd. (a)		16,020,000		5,619,784
Yue Yuen Industrial Holdings, Ltd.		3,490,000		11,657,714
Yuexiu Real Estate Investment Trust		9,688,000		4,722,958
				34,515,594
ISRAEL — 2.5%
Bezeq The Israeli Telecommunication Corp., Ltd.		10,776,153		18,270,718
Israel Chemicals, Ltd.		1,823,934		15,202,077
				33,472,795
ITALY — 4.3%
Atlantia SpA (a)		926,402		20,820,289
ENI SpA		792,657		19,103,300
Terna Rete Elettrica Nationale SpA		3,466,440		17,348,536
				57,272,125
NETHERLANDS — 2.5%
Corio NV		265,393		11,912,617
VimpelCom, Ltd. ADR		933,628		12,081,147
Wereldhave NV		121,764		9,592,248
				33,586,012
NORWAY — 1.1%
Gjensidige Forsikring ASA		770,755		14,698,955
PORTUGAL — 1.6%
EDP — Energias de Portugal SA		5,726,507		21,068,536
RUSSIA — 1.6%
Phosagro OAO GDR		542,216		5,305,584
Polymetal International PLC (a)		1,703,348		16,221,717
				21,527,301

118

SPDR S&P International Dividend ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
SINGAPORE — 2.0%
Ascendas REIT		4,363,000	$	7,602,249
Hutchison Port Holdings Trust (a)		17,924,000		12,098,700
Singapore Telecommunications, Ltd.		846		2,452
Suntec REIT		5,852,000		7,137,716
				26,841,117
SOUTH AFRICA — 3.0%
African Bank Investments, Ltd. (a)		10,571,676		12,162,664
Kumba Iron Ore, Ltd. (a)		157,432		6,665,542
MMI Holdings, Ltd.		2,547,200		6,152,921
Redefine Properties, Ltd.		7,005,043		6,514,297
Vodacom Group, Ltd. (a)		680,101		8,636,203
				40,131,627
SOUTH KOREA — 0.4%
KT Corp. ADR (b)		376,487		5,598,362
SPAIN — 4.9%
Enagas SA		616,422		16,134,322
Ferrovial SA		1,535,725		29,763,671
Iberdrola SA		4		26
Red Electrica Corporacion SA (a)		274,824		18,366,639
				64,264,658
SWEDEN — 5.2%
NCC AB (Class B) (a)		453,322		14,815,229
Skanska AB (Class B)		742,290		15,186,514
Swedbank AB (Class A)		672,861		18,962,389
TeliaSonera AB		2,318,289		19,329,302
				68,293,434
SWITZERLAND — 1.4%
Zurich Insurance Group AG (b)		64,047		18,616,011
TAIWAN — 0.4%
Chunghwa Telecom Co., Ltd. ADR (a)		177,341		5,490,477
THAILAND — 0.3%
Shin Corp. PCL, NVDR		1,914,378		3,947,021
TURKEY — 1.7%
Tofas Turk Otomobil Fabrikasi AS		1,167,688		7,282,764
Tupras-Turkiye Petrol Rafinerileri AS		392,542		7,838,051
Turk Telekomunikasyon AS		2,795,896		7,755,895
				22,876,710
UNITED KINGDOM — 8.3%
Admiral Group PLC		534,565		11,598,382
AstraZeneca PLC		433,221		25,647,816
BAE Systems PLC		1,863,401		13,425,213
Carillion PLC (a)		2,347,073		12,847,649
Inmarsat PLC		1,093,520		13,692,228
National Grid PLC		1,168,979		15,256,627
Royal Dutch Shell PLC (Class A)		469,544		16,821,255
				109,289,170
TOTAL COMMON STOCKS —
(Cost $1,261,988,617)				1,321,450,264
SHORT TERM INVESTMENTS — 12.7%
UNITED STATES — 12.7%
MONEY MARKET FUNDS — 12.7%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		152,359,998		152,359,998
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		15,900,683		15,900,683
TOTAL SHORT TERM INVESTMENTS —
(Cost $168,260,681)				168,260,681
TOTAL INVESTMENTS — 112.5%
(Cost $1,430,249,298)				1,489,710,945
OTHER ASSETS & LIABILITIES — (12.5)%				(165,212,263	)
NET ASSETS — 100.0%			$	1,324,498,682

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

NVDR = Non Voting Depositary Receipt

PCL = Public Company Limited

PLC = Public Limited Company

REIT = Real Estate Investment Trust

119

SPDR S&P International Dividend ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Diversified Telecommunication Services		17.6	%
Oil, Gas & Consumable Fuels		10.6
Commercial Banks		9.1
Electric Utilities		8.6
Construction & Engineering		8.0
Real Estate Investment Trusts		7.9
Insurance		3.9
Paper & Forest Products		3.8
Metals & Mining		3.6
Pharmaceuticals		2.8
Transportation Infrastructure		2.5
Gas Utilities		2.2
Media		2.0
Multi-Utilities		2.0
Diversified Financial Services		1.9
Wireless Telecommunication Services		1.9
Chemicals		1.5
Multiline Retail		1.5
Machinery		1.4
Food & Staples Retailing		1.4
Textiles, Apparel & Luxury Goods		1.4
Hotels, Restaurants & Leisure		1.1
Aerospace & Defense		1.0
Real Estate Management & Development		0.9
Office Electronics		0.7
Automobiles		0.5
Short Term Investment		12.7
Other Assets & Liabilities		(12.5	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

120

SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.7%
AUSTRALIA — 6.6%
ALS, Ltd. (a)		10,735	$	84,612
Alumina, Ltd. (a)(b)		59,791		59,644
Ansell, Ltd.		4,174		77,187
APA Group (a)		24,010		128,883
Aristocrat Leisure, Ltd.		13,767		57,765
Asciano Group		29,360		151,297
Bank of Queensland, Ltd.		9,969		108,452
Bendigo and Adelaide Bank, Ltd. (a)		43,837		130,508
BlueScope Steel, Ltd. (a)(b)		16,205		84,377
Boral, Ltd. (a)		22,135		94,461
Caltex Australia, Ltd.		4,134		74,155
carsales.com, Ltd.		6,494		59,202
Challenger Financial Services Group, Ltd.		12,650		70,167
Cochlear, Ltd. (a)		1,746		92,037
Commonwealth Property Office Fund		74,908		83,435
Computershare, Ltd.		14,669		149,347
Dexus Property Group		141,076		126,845
DUET Group (a)		35,405		63,350
Echo Entertainment Group, Ltd.		158		348
Federation Centres Ltd. (a)		43,026		90,074
Flight Centre Travel Group Ltd. (a)		1,609		68,448
GrainCorp, Ltd.		6,801		51,718
Harvey Norman Holdings, Ltd. (a)		23,019		65,077
Iluka Resources, Ltd. (a)		11,894		91,832
Incitec Pivot, Ltd.		42,384		101,623
Lend Lease Group		17,022		169,648
Metcash, Ltd. (a)		25,086		70,920
Navitas, Ltd.		8,908		51,244
New Hope Corp. Ltd.		5,062		15,081
Platinum Asset Management Ltd. (a)		3,999		24,650
Primary Health Care, Ltd.		13,689		60,622
Qantas Airways, Ltd. (b)		32,358		31,699
REA Group Ltd.		1,573		53,139
Reece Australia Ltd.		1,208		35,124
Seek, Ltd. (a)		9,399		112,762
Seven Group Holdings Ltd.		2,674		19,210
Seven West Media, Ltd.		16,746		35,207
SP AusNet (a)		39,965		44,515
Spark Infrastructure Group		27,124		39,433
Super Retail Group Ltd.		3,587		42,649
TABCORP Holdings, Ltd.		20,451		66,416
Tatts Group, Ltd.		48,159		133,565
TPG Telecom, Ltd.		7,421		35,321
Treasury Wine Estates, Ltd.		19,156		82,605
Washington H Soul Pattinson & Co., Ltd.		3,137		41,003
WorleyParsons, Ltd.		6,038		89,671
				3,419,328
AUSTRIA — 0.6%
Atrium European Real Estate, Ltd. (b)		3,643		20,983
IMMOFINANZ AG (b)		32,628		151,424
Mayr Melnhof Karton AG		198		24,555
Oesterreichische Post AG		833		39,922
Telekom Austria AG		8,672		65,771
				302,655
BELGIUM — 0.6%
Ackermans & van haaren NV		657		77,096
Bekaert NV		892		31,613
bpost SA		1,827		35,774
Elia System Operator SA/NV		691		32,088
Financiere de Tubize SA		421		27,324
S.A. D’Ieteren NV		443		22,098
Sofina SA		515		58,751
				284,744
BERMUDA — 0.6%
Catlin Group, Ltd.		10,342		99,433
Hiscox, Ltd.		14,391		165,654
Lancashire Holdings, Ltd.		3,697		49,659
				314,746
CANADA — 8.5%
Aimia, Inc.		6,458		118,584
Alamos Gold, Inc.		4,655		56,386
AltaGas, Ltd. (a)		2,911		111,700
ATCO, Ltd. (Class I) (a)		3,084		135,435
Athabasca Oil Corp. (a)(b)		8,293		50,578
Boardwalk REIT		698		39,318
Bonavista Energy Corp. (a)		4,301		56,348
CAE, Inc.		6,775		86,146
Calloway REIT		1,532		36,278
Canadian Apartment Properties REIT		1,600		32,000
Canadian REIT		979		39,962
Canadian Western Bank (a)		3,610		131,353
Canfor Corp. (b)		2,172		54,499
CCL Industries, Inc. (Class B)		800		59,648
Cineplex, Inc. (a)		1,716		71,160
Cogeco Cable, Inc.		456		20,592
Cominar Real Estate Investment Trust		1,828		31,725
Constellation Software, Inc.		555		117,524
Dundee Real Estate Investment Trust		1,110		30,108
E-L Financial Corp. Ltd.		84		56,922
Emera, Inc.		3,458		99,493
Enerplus Corp. (a)		6,150		111,713
Ensign Energy Services, Inc.		2,834		44,624
Finning International, Inc.		6,060		154,851
First Capital Realty, Inc. (a)		2,511		41,854
Genworth MI Canada, Inc.		688		23,719
Gibson Energy, Inc. (a)		3,739		96,422
Home Capital Group, Inc.		800		60,936
IAMGOLD Corp.		12,153		40,377
Industrial Alliance Insurance & Financial Services, Inc.		2,703		119,441
InterOil Corp. (a)(b)		1,029		52,983
Keyera Corp. (a)		3,196		192,301
Linamar Corp.		1,488		61,887
Lions Gate Entertainment Corp. (a)		2,400		75,984
Lundin Mining Corp. (b)		17,574		76,085
MacDonald, Dettwiler & Associates, Ltd.		916		70,952
Methanex Corp.		2,723		160,997
Mullen Group, Ltd.		2,172		58,036
New Gold, Inc. (b)		13,894		72,706
Open Text Corp.		1,714		157,623
Osisko Mining Corp. (b)		12,980		57,540
Paramount Resources, Ltd. (Class A) (b)		916		33,519
Pengrowth Energy Corp. (a)		11,390		70,430
Peyto Exploration & Development Corp. (a)		5,282		161,617
Precision Drilling Corp.		12,151		113,676
Progressive Waste Solutions, Ltd. (a)		4,670		115,464

121

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Quebecor, Inc. (Class B) (a)		2,507	$	62,386
Ritchie Bros Auctioneers, Inc. (a)		2,096		48,055
ShawCor, Ltd. (Class A)		1,358		54,294
Stantec, Inc. (a)		1,258		77,978
Tahoe Resources, Inc. (b)		1,848		30,733
The Jean Coutu Group Pjc, Inc.		3,066		53,125
TMX Group, Ltd. (a)		451		21,661
TransAlta Corp. (a)		7,292		92,514
Trilogy Energy Corp. (a)		1,675		43,511
Veresen, Inc. (a)		8,876		119,210
West Fraser Timber Co., Ltd.		966		94,191
				4,359,154
CHINA — 0.2%
Techtronic Industries Co., Ltd.		38,500		109,237
DENMARK — 2.1%
Chr Hansen Holding A/S		2,905		115,575
DSV A/S		6,347		208,437
FLSmidth & Co. A/S (a)		1,462		79,958
GN Store Nord A/S		5,347		131,549
H. Lundbeck A/S		1,664		42,106
Jyske Bank A/S (b)		1,628		87,954
Pandora A/S		2,353		127,774
Topdanmark A/S (b)		2,245		59,213
Vestas Wind Systems A/S (b)		6,103		180,584
William Demant Holding (a)(b)		681		66,288
				1,099,438
FINLAND — 1.6%
Amer Sports Oyj (Class A)		2,989		62,275
Cargotec Oyj		1,052		39,270
Elisa Oyj		6,799		180,441
Huhtamaki OYJ		2,139		54,970
Kemira Oyj		1,440		24,128
Kesko Oyj (Class B) (a)		1,998		73,784
Neste Oil Oyj (a)		3,736		73,977
Orion Oyj (Class B) (a)		4,913		138,241
Outotec Oyj (a)		3,884		40,728
Stora Enso Oyj		14,081		141,544
				829,358
FRANCE — 3.3%
Air France-KLM (a)(b)		3,368		35,206
bioMerieux		414		43,510
Bourbon SA (a)		1,140		31,417
CGG (b)		4,484		77,728
Eramet		283		27,410
Eurazeo		769		60,379
Faurecia (b)		1,371		52,339
Fonciere Des Regions (a)		1,338		115,692
Groupe Eurotunnel SA		16,200		170,546
Havas SA		7,422		61,199
Ingenico (a)		1,458		117,088
Ipsen SA		1,532		72,545
Lagardere SCA		3,809		141,818
Metropole Television SA		1,978		45,381
Neopost SA (a)		1,012		78,119
Nexity		988		37,316
Orpea		1,237		71,999
Plastic Omnium SA		1,776		49,679
Rubis		1,120		71,046
Sa des Ciments Vicat		507		37,726
Sartorius Stedim Biotech		138		23,171
SEB SA (a)		847		76,680
Societe Television Francaise 1		3,318		64,054
Teleperformance		1,758		107,302
Vilmorin & Cie (a)		155		20,760
				1,690,110
GERMANY — 4.1%
Aurubis AG		770		47,003
Axel Springer SE (a)		929		59,781
Bilfinger SE		1,740		195,479
Carl Zeiss Meditec AG		774		25,826
Celesio AG		2,350		74,478
CTS Eventim AG		765		38,803
Deutsche Euroshop AG		822		36,047
Deutsche Wohnen AG (b)(c)		2,649		49,268
Deutsche Wohnen AG (c)		4,517		87,357
Duerr AG		746		66,621
ElringKlinger AG		802		32,678
Fielmann AG		242		28,354
Freenet AG (b)		4,046		121,428
Gerry Weber International AG		630		26,794
K+S AG (a)		4,948		152,555
KION Group AG (b)		545		23,074
Krones AG		388		33,378
KWS Saat AG		62		21,358
LEG Immobilien AG (b)		449		26,573
MTU Aero Engines AG		1,500		147,558
OSRAM Licht AG (b)		2,405		135,873
Puma AG Rudolf Dassler Sport		70		22,667
Rational AG		72		23,920
Rhoen-Klinikum AG		3,606		105,614
Salzgitter AG (a)		1,074		45,877
SGL Carbon AG		1,146		45,439
Software AG		1,605		56,175
Stada Arzneimittel AG		1,948		96,432
TUI AG (a)(b)		3,760		62,044
Wincor Nixdorf AG		937		65,035
Wirecard AG		3,382		133,818
				2,087,307
GREECE — 0.5%
Hellenic Telecommunications Organization SA (b)		6,845		91,208
OPAP SA		7,350		97,937
Public Power Corp. SA		3,053		45,434
				234,579
HONG KONG — 2.6%
ASM Pacific Technology, Ltd. (a)		5,800		48,547
Champion REIT		90,000		39,813
Chinese Estates Holdings, Ltd.		21,623		67,208
Esprit Holdings, Ltd. (a)(b)		63,916		123,154
First Pacific Co., Ltd.		72,500		82,470
Fosun International (a)		66,000		65,542
Genting Hong Kong Ltd. (b)		51,460		22,128
Great Eagle Holdings Ltd.		5,000		17,121
Hopewell Holdings		30,500		103,256
Hysan Development Co., Ltd.		29,827		128,483
Melco International Development, Ltd.		23,000		84,540
New World China Land Ltd.		62,000		29,985
Noble Group, Ltd.		123,000		104,237

122

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Orient Overseas International, Ltd.		3,000	$	15,070
PCCW, Ltd.		132,000		59,073
SA SA International Holdings Ltd.		24,000		28,136
Shangri-La Asia, Ltd.		42,000		81,901
Television Broadcasts, Ltd.		8,800		58,846
VTech Holdings, Ltd.		3,100		40,261
Wing Hang Bank, Ltd.		4,177		63,029
Yue Yuen Industrial Holdings, Ltd.		28,000		93,529
				1,356,329
IRELAND — 1.6%
DCC PLC		2,270		111,625
Dragon Oil PLC		10,840		102,004
Glanbia PLC		3,863		59,937
ICON PLC (a)(b)		1,565		63,242
James Hardie Industries PLC		12,622		146,122
Kingspan Group PLC		3,154		56,499
Paddy Power PLC		1,454		124,219
Smurfit Kappa Group PLC		6,272		154,355
				818,003
ISRAEL — 1.2%
Azrieli Group		693		23,040
Bank Leumi Le-Israel BM (b)		36,596		149,505
Bezeq The Israeli Telecommunication Corp., Ltd.		55,681		94,406
Delek Group, Ltd.		119		45,461
Gazit-Globe, Ltd.		2,226		29,930
Mellanox Technologies, Ltd. (b)		685		27,379
Mizrahi Tefahot Bank, Ltd.		2,877		37,664
NICE Systems, Ltd.		1,995		81,731
Osem Investments, Ltd.		1,820		44,464
Taro Pharmaceutical Industries Ltd. (b)		504		49,846
The Israel Corp., Ltd. (b)		74		38,951
				622,377
ITALY — 2.7%
A2A SpA (a)		33,216		38,927
Atlantia SpA		1,009		22,677
Autogrill SpA (b)		2,910		24,620
Azimut Holding SpA		2,711		74,077
Banca Generali SpA		1,440		44,665
Banca Monte dei Paschi di Siena SpA (a)(b)		164,573		39,776
Banca Popolare dell’Emilia Romagna Scrl (b)		8,315		79,516
Banco Popolare Societa Cooperativa (b)		54,937		105,526
Buzzi Unicem SpA		3,380		33,022
Davide Campari-Milano SpA (a)		8,844		74,094
De’Longhi SpA		1,362		22,277
DiaSorin SpA		600		28,185
Finmeccanica SpA (b)		12,399		94,054
Gtech Spa		2,006		61,254
Hera SpA		11,372		25,856
Mediaset SpA (b)		22,720		107,884
Prysmian SpA		6,233		160,696
Recordati SpA		3,808		54,886
UBI Banca ScPA		27,558		187,437
Unipol Gruppo Finanziario SpA		9,245		55,339
World Duty Free SpA (b)		2,546		32,066
				1,366,834
JAPAN — 29.2%
Acom Co., Ltd. (a)(b)		9,600		32,607
Advance Residence Investment Corp.		57		123,105
Advantest Corp. (a)		5,900		73,368
Alfresa Holdings Corp.		1,800		89,396
Amada Co., Ltd.		32,000		282,232
Aozora Bank, Ltd. (a)		32,000		90,728
Asics Corp.		7,700		131,502
Benesse Holdings, Inc.		3,200		128,633
Brother Industries, Ltd.		7,200		98,439
Canon Marketing Japan, Inc.		3,200		44,664
Casio Computer Co., Ltd. (a)		6,400		78,367
Credit Saison Co., Ltd.		3,900		102,634
Daicel Chemical Industries, Ltd.		32,000		260,616
Daido Steel Co., Ltd.		32,000		158,927
DeNA Co., Ltd. (a)		3,200		67,346
Don Quijote Holdings Co., Ltd.		3,200		193,939
Dowa Holdings Co., Ltd.		32,000		312,982
Ebara Corp.		32,000		205,813
FamilyMart Co., Ltd. (a)		3,200		146,292
Fuji Electric Holdings Co., Ltd.		32,000		149,793
Fuji Television Network, Inc.		3,200		65,458
Fukuoka Financial Group, Inc.		32,000		140,355
Hakuhodo DY Holdings, Inc.		6,400		49,627
Hamamatsu Photonics K.K.		3,200		128,024
Hitachi Capital Corp.		3,200		93,316
Hitachi Construction Machinery Co., Ltd. (a)		3,200		68,351
Hokkaido Electric Power Co., Inc. (a)(b)		5,900		67,866
Hokuhoku Financial Group, Inc.		32,000		63,936
Hokuriku Electric Power Co.		6,100		82,819
Ibiden Co., Ltd.		3,200		59,856
Idemitsu Kosan Co., Ltd.		12,800		291,427
J Front Retailing Co., Ltd.		32,000		242,348
Japan Exchange Group, Inc.		4,000		113,753
Japan Prime Realty Investment Corp. (a)		32		102,602
Japan Retail Fund Investment Corp.		77		156,923
JSR Corp.		6,000		116,227
JTEKT Corp.		7,000		119,214
Kajima Corp.		32,000		120,261
Kakaku.com, Inc.		4,000		70,292
Keihan Electric Railway Co., Ltd.		32,000		121,783
Kewpie Corp.		3,200		44,481
Konami Corp. (a)		4,300		99,374
Konica Minolta Holdings, Inc.		16,000		159,688
Kuraray Co., Ltd.		10,000		119,214
Kurita Water Industries, Ltd. (a)		5,900		122,485
M3, Inc. (a)		32		80,225
Marui Group Co., Ltd.		29,100		295,693
Medipal Holdings Corp.		12,700		167,714
MEIJI Holdings Co., Ltd.		3,200		205,813
Miraca Holdings, Inc.		3,200		151,011
MISUMI Group, Inc.		3,200		100,623
Mitsubishi Gas Chemical Co., Inc.		32,000		235,650
Mitsubishi UFJ Lease & Finance Co., Ltd.		16,800		103,097
Mitsui Chemicals, Inc.		32,000		77,332
Mitsui OSK Lines, Ltd.		32,000		144,313
Nabtesco Corp.		3,200		73,831
Nagoya Railroad Co., Ltd.		32,000		92,251
Namco Bandai Holdings, Inc.		12,000		266,476

123

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Nankai Electric Railway Co., Ltd.		32,000	$	112,954
NHK Spring Co., Ltd.		7,000		78,988
Nippon Electric Glass Co., Ltd.		32,000		168,060
Nippon Express Co., Ltd.		32,000		154,969
Nippon Yusen K.K. (a)		37,000		118,282
Nissan Chemical Industries, Ltd.		5,100		80,985
Nisshin Seifun Group, Inc. (a)		17,800		184,088
Nissin Foods Holding Co., Ltd. (a)		3,200		135,179
NOK Corp.		3,200		52,367
Nomura Real Estate Holdings, Inc.		3,200		72,096
NTT Urban Development Corp.		3,200		36,809
Obayashi Corp.		32,000		182,370
Obic Co., Ltd.		3,200		94,534
OJI Paper Co., Ltd.		32,000		164,103
Park24 Co., Ltd. (a)		3,200		60,374
Rinnai Corp.		3,200		249,351
Rohm Co., Ltd.		3,200		155,882
Sankyo Co., Ltd.		3,200		147,662
Sanrio Co., Ltd. (a)		3,200		134,722
Santen Pharmaceutical Co., Ltd.		3,200		149,336
SBI Holdings, Inc.		6,400		96,817
Seiko Epson Corp.		4,400		118,263
Seven Bank, Ltd.		16,700		65,303
Sharp Corp. (b)		32,000		101,689
Shikoku Electric Power Co., Inc. (a)(b)		6,100		91,409
Shimadzu Corp.		32,000		278,579
Shimizu Corp.		36,000		181,875
Showa Shell Sekiyu K.K. (a)		5,700		57,919
Sojitz Corp.		37,700		67,075
Stanley Electric Co., Ltd.		9,700		222,231
Sumitomo Heavy Industries, Ltd.		32,000		147,357
Sumitomo Rubber Industries, Inc. (a)		4,200		59,700
Suzuken Co., Ltd.		3,200		103,668
Taiheiyo Cement Corp.		32,000		123,001
Taisei Corp. (a)		32,000		145,531
Taiyo Nippon Sanso Corp. (a)		32,000		227,734
Takashimaya Co., Ltd.		32,000		318,767
The Bank of Kyoto, Ltd. (a)		32,000		267,314
The Hachijuni Bank, Ltd.		35,000		204,129
The Hiroshima Bank, Ltd.		32,000		132,439
The Joyo Bank, Ltd.		32,000		163,494
THK Co., Ltd.		3,600		89,876
Toho Co., Ltd.		3,300		72,622
Toho Gas Co., Ltd. (a)		32,000		155,882
Tokyo Tatemono Co., Ltd. (a)		32,000		355,606
Toyo Seikan Group Holdings, Ltd.		4,300		92,419
Toyota Boshoku Corp. (a)		3,200		39,975
Trend Micro, Inc. (a)		3,200		112,040
Tsumura & Co. (a)		3,200		84,883
Ube Industries, Ltd.		32,000		68,503
United Urban Investment Corp.		99		142,512
USS Co., Ltd.		3,200		43,964
Yamada Denki Co., Ltd. (a)		28,600		93,605
Yamaha Corp.		12,700		201,668
Yamaha Motor Co., Ltd.		9,100		136,537
Yokogawa Electric Corp.		5,400		82,974
				15,065,563
LUXEMBOURG — 0.2%
Eurofins Scientific (a)		243		65,796
GAGFAH SA (b)		2,520		37,155
L’Occitane International SA		10,500		22,344
				125,295
NETHERLANDS — 1.9%
Aalberts Industries NV		2,474		79,005
Corio NV		2,853		128,062
Delta Lloyd NV		4,724		117,430
Koninklijke Boskalis Westminster NV		3,115		164,846
Nutreco NV		2,214		110,163
QIAGEN NV (b)		6,859		160,059
SBM Offshore NV (b)		6,378		130,071
TNT Express NV		9,802		91,143
				980,779
NEW ZEALAND — 0.8%
Auckland International Airport, Ltd.		23,111		67,146
Contact Energy, Ltd.		13,391		56,540
Fletcher Building, Ltd.		22,201		155,499
Mighty River Power, Ltd.		11,661		20,443
Ryman Healthcare, Ltd. (a)		11,204		72,388
Telecom Corporation of New Zealand, Ltd. (a)		22,461		42,612
				414,628
NORWAY — 1.3%
Aker ASA		625		22,870
Aker Solutions ASA		4,446		79,439
DNO International ASA (b)		14,985		59,773
Fred Olsen Energy ASA		917		37,319
Golar LNG, Ltd. (a)		1,242		45,072
Kongsberg Gruppen AS		1,144		24,042
Marine Harvest (a)		78,238		95,237
Petroleum Geo-Services ASA		6,348		74,761
ProSafe SE		6,926		53,428
SpareBank 1 SR Bank ASA		3,113		30,915
Storebrand ASA (b)		8,565		53,506
TGS Nopec Geophysical Co. ASA (a)		3,324		88,102
				664,464
PORTUGAL — 0.7%
Banco Comercial Portugues SA (b)		476,297		109,211
Banco Espirito Santo SA (a)(b)		68,870		98,600
Portucel SA		6,821		27,351
Portugal Telecom SGPS SA (a)		16,938		73,753
Sonae		28,617		41,365
				350,280
SINGAPORE — 1.5%
Ascendas REIT		56,000		97,576
Blumont Group Ltd. (a)(b)		42,000		2,861
CapitaCommercial Trust (a)		40,000		45,937
ComfortDelGro Corp., Ltd.		75,000		119,397
First Resources Ltd.		21,000		35,261
Keppel Land, Ltd.		28,096		74,323
M1, Ltd. (a)		7,000		18,129
Mapletree Logistics Trust		40,521		33,858
Neptune Orient Lines, Ltd. (a)(b)		41,000		36,532
Olam International, Ltd. (a)		41,736		50,740
SATS Ltd. (a)		22,000		56,281
SIA Engineering Co., Ltd.		5,000		20,038
Suntec REIT (a)		62,000		75,622
UOL Group, Ltd.		22,000		107,857
				774,412

124

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
SOUTH KOREA — 5.6%
Amorepacific Corp. (b)		82	$	77,699
AMOREPACIFIC Group (b)		63		27,759
BS Financial Group, Inc. (b)		5,930		89,904
Cheil Communications, Inc. (b)		2,290		59,672
Cheil Industries, Inc. (b)		1,997		167,465
CJ CheilJedang Corp. (b)		154		40,421
CJ Corp. (b)		659		72,747
Coway Co., Ltd.		1,481		93,181
Daelim Industrial Co., Ltd. (b)		990		88,273
Daewoo Engineering & Construction Co., Ltd. (b)		5,472		38,213
Daewoo International Corp. (b)		1,659		64,923
Daewoo Securities Co., Ltd.		7,659		64,590
Dongbu Insurance Co., Ltd.		1,724		91,807
Doosan Corp.		659		87,109
Doosan Heavy Industries & Construction Co. Ltd. (b)		640		21,468
Doosan Infracore Co., Ltd. (b)		3,290		39,280
GS Holdings (b)		2,419		131,339
Halla Visteon Climate Control Corp. (b)		840		30,843
Hanwha Chemical Corp. (b)		2,470		50,437
Hanwha Corp. (b)		2,668		99,100
Hotel Shilla Co., Ltd.		858		54,064
Hyosung Corp. (b)		536		35,705
Hyundai Department Store Co., Ltd. (b)		338		51,564
Hyundai Hysco Co., Ltd. (b)		620		24,380
Hyundai Marine & Fire Insurance Co., Ltd.		1,590		48,965
Hyundai Merchant Marine Co., Ltd. (a)(b)		3,148		34,005
Hyundai Mipo Dockyard Co., Ltd. (b)		373		62,912
Hyundai Wia Corp. (b)		346		62,292
Kangwon Land, Inc. (b)		2,800		82,115
KCC Corp.		197		87,454
Korea Aerospace Industries Ltd. (b)		840		23,082
Korea Gas Corp. (b)		765		48,277
Korea Kumho Petrochemical Co., Ltd. (b)		621		56,019
NCSoft Corp. (b)		372		87,594
NHN Entertainment Corp. (b)		316		28,865
OCI Co., Ltd. (b)		419		75,832
ORION Corp. (b)		110		98,915
S1 Corp/Korea		707		50,110
Samsung Card Co., Ltd. (b)		1,060		37,565
Samsung Engineering Co., Ltd. (b)		736		46,028
Samsung Securities Co., Ltd.		2,160		90,158
Samsung Techwin Co., Ltd. (b)		1,485		76,547
Seoul Semiconductor Co., Ltd. (b)		935		35,793
SK C&C Co., Ltd. (b)		520		66,518
Woori Investment & Securities Co., Ltd.		3,570		32,441
Young Poong Corp. (b)		22		26,412
				2,859,842
SPAIN — 1.6%
Acciona SA (a)		755		43,450
Acerinox SA (a)		3,823		48,712
Almirall SA (a)		1,787		29,155
Atresmedia Corp. de Medios de Comunicaion SA (b)		2,417		40,033
Bankinter SA		12,850		88,303
Bolsas y Mercados Espanoles		1,583		60,335
Corporacion Financiera Alba SA		408		23,894
Ebro Puleva SA		2,917		68,472
EDP Renovaveis SA		6,205		33,012
Fomento de Construcciones y Contratas SA (b)		1,075		23,960
Gestevision Telecinco SA (b)		5,920		68,433
Grupo Catalana Occidente SA		1,314		47,112
Indra Sistemas SA (a)		3,215		53,848
Obrascon Huarte Lain SA		1,223		49,622
Prosegur Cia de Seguridad SA		6,099		41,852
Tecnicas Reunidas SA (a)		723		39,337
Viscofan SA (a)		1,469		83,701
				843,231
SWEDEN — 2.7%
AarhusKarlshamn AB		734		47,085
Axfood AB		444		22,309
Boliden AB		7,232		110,857
Castellum AB		7,733		120,523
Great Portland Estates PLC		9,539		94,636
Hexpol AB		746		55,986
Hufvudstaden AB		3,434		46,062
Husqvarna AB (Class B) (a)		9,924		59,829
Intrum Justitia AB		2,355		66,001
JM AB		2,363		66,777
Lundbergforetagen AB		924		39,233
Meda AB (Class A)		7,768		98,694
Melker Schorling AB		511		24,171
Modern Times Group AB (Class B)		2,209		114,601
Ratos AB (Class B) (a)		4,283		38,778
Saab AB		1,622		43,564
Securitas AB (Class B)		8,643		91,980
SSAB AB, (Series A)		7,539		57,870
SSAB AB		919		5,938
Trelleborg AB (Class B)		6,758		134,579
Wallenstam AB		1,843		27,906
				1,367,379
SWITZERLAND — 3.0%
Allreal Holding AG (b)		153		21,246
Banque Cantonale Vaudoise		127		69,473
Barry Callebaut AG (b)		40		50,284
Basellandschaftliche Kantonalbank		22		23,018
Berner Kantonalbank AG (d)		94		21,773
Bucher Industries AG		184		53,585
Daetwyler Holding AG		169		23,544
Dufry Group (b)		612		107,763
EFG International AG (b)		1,424		20,415
Flughafen Zuerich AG		279		163,601
GAM Holding AG (b)		6,282		122,553
Georg Fischer AG (b)		107		75,496
Helvetia Holding AG		124		62,394
Lonza Group AG (b)		1,541		146,589
Luzerner Kantonalbank AG		55		21,197
OC Oerlikon Corp. AG (b)		3,799		57,027
Panalpina Welttransport Holding AG		522		87,748
PSP Swiss Property AG (b)		1,075		91,261
St Galler Kantonalbank AG		54		21,130
Straumann Holding AG		229		42,950
Sulzer AG		692		111,968
Swiss Prime Site AG (b)		1,754		136,182

125

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Vontobel Holding AG		543	$	22,560
				1,553,757
UNITED KINGDOM — 14.4%
Afren PLC (b)		24,695		69,205
Amlin PLC		16,082		122,232
Ashmore Group PLC (a)		9,609		63,866
Aveva Group PLC		1,822		65,303
Balfour Beatty PLC		20,020		95,131
Barratt Developments PLC		28,392		164,115
BBA Aviation PLC		13,769		73,112
Bellway PLC		3,385		88,021
Berendsen PLC		4,524		70,171
Berkeley Group Holdings PLC		4,541		199,758
Booker Group PLC		42,338		113,949
Britvic PLC		6,996		80,241
BTG PLC (b)		12,438		118,349
Cairn Energy PLC (b)		13,640		60,951
Capital & Counties Properties PLC		18,857		102,815
Carphone Warehouse Group PLC		9,003		40,409
Close Brothers Group PLC		3,006		68,308
Daily Mail & General Trust PLC		8,252		131,275
Debenhams PLC		17,576		21,250
Derwent London PLC		2,577		106,490
Direct Line Insurance Group PLC		15,308		63,283
Dixons Retail PLC (b)		95,610		76,818
Drax Group PLC		11,682		154,883
DS Smith PLC		25,817		141,961
Dunelm Group PLC		2,184		32,555
Euromoney Institutional Investor PLC		1,116		24,953
Filtrona PLC		6,164		87,696
FirstGroup PLC		32,713		66,968
Genel Energy Plc (b)		3,854		68,619
Greene King PLC		5,654		82,454
Halma PLC		8,578		85,741
Hays PLC		35,012		75,269
Henderson Group PLC		29,815		112,885
Hikma Pharmaceuticals PLC		4,016		79,884
Howden Joinery Group PLC		18,082		103,262
ICAP PLC		15,494		115,889
IG Group Holdings PLC		9,174		93,598
Inchcape PLC		14,927		151,922
Informa PLC		23,659		224,727
Inmarsat PLC		15,509		194,192
Intermediate Capital Group PLC		9,552		66,446
International Personal Finance		6,208		51,204
Intu Properties PLC		17,766		91,188
Invensys PLC		20,464		172,348
Investec PLC		14,892		107,933
Jardine Lloyd Thompson Group PLC		3,822		64,441
Jazztel PLC (b)		5,665		60,724
John Wood Group PLC		10,294		116,959
Jupiter Fund Management PLC		9,570		61,024
Ladbrokes PLC		20,622		61,104
Lonmin PLC (b)		10,416		53,221
Man Group PLC		56,129		79,019
Michael Page International PLC		6,539		52,851
Millennium & Copthorne Hotels PLC		3,228		32,078
Mitchells & Butlers PLC (b)		4,191		29,286
N Brown Group PLC		4,942		43,586
National Express Group PLC		8,112		36,974
Ocado Group PLC (b)		15,521		113,521
Ophir Energy PLC (b)		14,017		76,101
Partnership Assurance Group plc (b)		4,259		20,703
Pennon Group PLC		10,577		115,357
Perform Group PLC (b)		3,158		11,716
Phoenix Group Holdings		3,873		46,667
Playtech Plc		4,817		58,799
Premier Oil PLC		13,085		67,963
Provident Financial PLC		6,029		162,165
PZ Cussons PLC		9,248		57,668
Regus PLC		16,725		60,166
Rentokil Initial PLC		46,566		89,311
Rightmove PLC		3,034		137,687
Rotork PLC		2,462		117,030
Segro PLC		19,834		109,719
Serco Group PLC		14,527		120,109
Shaftesbury PLC		5,739		59,598
Spectris PLC		3,411		144,683
Spirax-Sarco Engineering PLC		2,162		107,066
St. James’s Place PLC		11,179		134,791
Stagecoach Group PLC		18,764		117,599
TalkTalk Telecom Group PLC		14,656		74,278
Telecity Group PLC		6,110		73,418
Thomas Cook Group PLC (b)		43,044		119,200
United Business Media PLC		5,558		60,388
Vesuvius PLC		6,304		53,249
Victrex PLC		1,863		56,682
				7,438,530
TOTAL COMMON STOCKS —
(Cost $45,826,473)				51,332,359
PREFERRED STOCKS — 0.1%
ITALY — 0.1%
Fondiaria-Sai SpA (b) (Cost $44,357)		22,573		63,951
SHORT TERM INVESTMENTS — 16.7%
UNITED STATES — 16.7%
MONEY MARKET FUNDS — 16.7%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		4,514,545		4,514,545
State Street Institutional Liquid Reserves Fund 0.06% (f)(g)		4,064,132		4,064,132
TOTAL SHORT TERM INVESTMENTS —
(Cost $8,578,677)				8,578,677
TOTAL INVESTMENTS — 116.5%
(Cost $54,449,507)				59,974,987
OTHER ASSETS & LIABILITIES — (16.5)%				(8,472,329	)
NET ASSETS — 100.0%			$	51,502,658

126

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

December 31, 2013 (Unaudited)

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Reflects seperate holdings of the issuer’s common stock traded on different securities exchanges.
(d)	Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(e)	Investments of cash collateral for securities loaned.
(f)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(g)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

REIT = Real Estate Investment Trust

SCA = Societe en Commandite par Actions

127

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

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		5.7	%
Chemicals		4.9
Oil, Gas & Consumable Fuels		4.4
Machinery		4.4
Real Estate Investment Trusts		4.2
Real Estate Management & Development		4.1
Media		3.9
Metals & Mining		3.2
Insurance		2.8
Food Products		2.7
Household Durables		2.7
Capital Markets		2.6
Hotels, Restaurants & Leisure		2.6
Construction & Engineering		2.6
Multiline Retail		2.3
Energy Equipment & Services		2.3
Pharmaceuticals		2.1
Electronic Equipment, Instruments & Components		2.0
Road & Rail		2.0
Specialty Retail		2.0
Commercial Services & Supplies		1.9
Diversified Telecommunication Services		1.9
Health Care Providers & Services		1.8
Software		1.6
Auto Components		1.5
Diversified Financial Services		1.4
Leisure Equipment & Products		1.3
Electrical Equipment		1.3
Electric Utilities		1.3
Construction Materials		1.2
Industrial Conglomerates		1.1
Health Care Equipment & Supplies		1.1
Containers & Packaging		1.1
Professional Services		1.1
Food & Staples Retailing		1.0
Trading Companies & Distributors		1.0
Paper & Forest Products		1.0
Consumer Finance		1.0
Transportation Infrastructure		0.9
IT Services		0.9
Aerospace & Defense		0.9
Textiles, Apparel & Luxury Goods		0.8
Gas Utilities		0.7
Marine		0.7
Semiconductors & Semiconductor Equipment		0.7
Office Electronics		0.7
Independent Power Producers & Energy Traders		0.6
Multi-Utilities		0.6
Air Freight & Logistics		0.6
Internet Software & Services		0.5
Beverages		0.5
Distributors		0.4
Computers & Peripherals		0.3
Diversified Consumer Services		0.3
Biotechnology		0.3
Internet & Catalog Retail		0.3
Building Products		0.3
Automobiles		0.3
Wireless Telecommunication Services		0.2
Water Utilities		0.2
Personal Products		0.2
Health Care Technology		0.2
Airlines		0.2
Thrifts & Mortgage Finance		0.1
Life Sciences Tools & Services		0.1
Household Products		0.1
Communications Equipment		0.1
Short Term Investment		16.7
Other Assets & Liabilities		(16.5	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs except for Berner Kantonalbank AG, which was Level 2 and part of the Commercial Banks Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)

128

SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.8%
BRAZIL — 7.0%
Aliansce Shopping Centers SA		129,511	$	1,004,578
American Banknote SA		102,953		1,405,144
Arezzo Industria e Comercio SA		60,408		761,741
B2W Cia Digital (a)		111,942		724,533
Banco ABC Brasil SA Preference Shares		80,903		433,449
Banco Panamericano SA Preference Shares (a)		205,851		400,490
Brasil Brokers Participacoes SA		343,740		852,338
Brasil Insurance Participacoes e Administracao SA		92,775		717,662
Brazil Pharma SA (a)		477,200		1,367,329
Brookfield Incorporacoes SA (a)		418,129		203,814
Centrais Eletricas de Santa Catarina SA Preference Shares (a)		59,094		460,879
Cia Energetica do Ceara Preference Shares		48,288		859,636
Contax Participacoes SA Preference Shares		151,096		233,120
Cremer SA		102,386		679,608
Cyrela Commercial Properties SA Empreendimentos e Participacoes		27,748		246,989
Diagnosticos da America SA		289,536		1,786,858
Direcional Engenharia SA		74,245		377,637
Eletropaulo Metropolitana SA Preference Shares		139,092		551,828
Equatorial Energia SA		369,519		3,625,883
Eternit SA		195,589		724,573
Even Construtora e Incorporadora SA		370,940		1,281,408
Ez Tec Empreendimentos e Participacoes SA		155,676		1,922,814
Ferbasa-Ferro Ligas DA Bahia Preference Shares		127,806		714,533
Fleury SA		137,044		1,068,818
Gafisa SA		632,046		945,691
Gol Linhas Aereas Inteligentes SA Preference Shares (a)		128,509		570,849
Helbor Empreendimentos SA		193,211		638,782
HRT Participacoes em Petroleo SA (a)		368,262		142,044
Iguatemi Empresa de Shopping Centers SA		116,837		1,104,362
International Meal Co. Holdings SA (a)		109,255		845,143
Iochpe-Maxion SA		114,903		1,273,588
JHSF Participacoes SA		153,287		276,784
Log-in Logistica Intermodal SA (a)		91,692		318,692
LPS Brasil Consultoria de I moveis SA		112,182		686,620
Magazine Luiza SA (a)		96,710		309,488
Magnesita Refratarios SA		365,534		914,126
Mahle-Metal Leve SA		41,245		479,014
Marfrig Alimentos SA (a)		277,338		470,214
Mills Estruturas e Servicos de Engenharia SA		128,403		1,796,036
MRV Engenharia e Participacoes SA		351,972		1,257,656
Odontoprev SA		635,856		2,649,344
Paranapanema SA (a)		249,102		550,099
PDG Realty SA Empreendimentos e Participacoes (a)		1,639,999		1,258,196
Prumo Logistica SA (a)		450,193		206,086
QGEP Participacoes SA		101,489		420,711
Qualicorp SA (a)		263,758		2,515,441
Randon SA Implementos e Participacoes Preference Shares		490,065		2,386,711
Restoque Comercio e Confeccoes de Roupas SA		127,889		325,245
Rossi Residencial SA (a)		418,285		361,683
Sao Martinho SA		103,934		1,264,345
Saraiva SA Livreiros Editores Preference Shares		58,510		644,063
SLC Agricola SA		105,074		908,556
Sonae Sierra Brasil SA		29,978		231,641
Tecnisa SA (a)		154,062		585,099
Tegma Gestao Logistica SA		33,220		253,453
Tempo Participacoes SA		418,784		617,725
Vanguarda Agro SA (a)		272,892		396,745
				50,009,894
CHILE — 2.0%
AFP Habitat SA		223,583		296,153
Almendral SA		12,080,519		1,321,971
Besalco SA		604,873		640,041
Companhia Sudamericana de Vapores SA (a)		9,327,787		488,180
Cruz Blanca Salud SA		1,185,197		1,037,569
Empresas La Polar SA (a)		2,675,051		355,859
Inversiones Aguas Metropolitanas SA		726,018		1,229,719
Inversiones La Construccion SA		39,320		553,750
Masisa SA		11,165,273		730,965
Parque Arauco SA		1,168,852		2,157,744
Ripley Corp. SA		1,412,494		1,021,501
Salfacorp SA		610,237		580,680
Sociedad Matriz SAAM SA		10,044,203		907,983
Socovesa SA		862,092		211,647
Vina Concha y Toro SA		1,379,104		2,572,123
				14,105,885
CHINA — 7.3%
21Vianet Group, Inc. ADR (a)(b)		73,494		1,728,579
51job, Inc. ADR (a)		19,577		1,525,048
Anhui Expressway Co., Ltd.		2,460,000		1,364,243
AsiaInfo-Linkage, Inc. (a)(b)		185,391		2,217,276
AutoNavi Holdings, Ltd. ADR (a)(b)		35,223		501,928
Bitauto Holdings, Ltd. ADR (a)(b)		36,065		1,152,637
BYD Electronic International Co., Ltd. (a)(b)		1,229,000		714,853
China Automation Group, Ltd.		947,000		214,957
China Datang Corp. Renewable Power Co., Ltd. (b)		918,000		194,167
China Hongxing Sports, Ltd. (a)(b)(d)		4,758,000		0
China Huiyuan Juice Group, Ltd. (a)		2,737,900		1,758,471
China Lesso Group Holdings, Ltd. (b)		1,374,810		957,469
China National Accord Medicines Corp., Ltd.		172,582		800,838
China SCE Property Holdings, Ltd.		3,435,800		819,762
China Shanshui Cement Group, Ltd.		1,848,000		793,660
China Shipping Development Co., Ltd. (a)(b)		2,184,000		1,695,654
China Suntien Green Energy Corp., Ltd.		2,416,000		906,730
China Vanadium Titano — Magnetite Mining Co., Ltd. (a)		1,799,000		248,258

129

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
China Wireless Technologies, Ltd.		1,900,000	$	622,409
Chinasoft International, Ltd. (a)(b)		1,378,000		357,218
Danhua Chemical Technology Co., Ltd. (a)		311,600		185,090
Dongyue Group (b)		1,275,000		504,820
Double Coin Holdings, Ltd.		738,824		532,692
E-Commerce China Dangdang, Inc. ADR (a)(b)		71,767		685,375
E-House China Holdings, Ltd.		87,392		1,317,871
First Tractor Co., Ltd. (b)		928,500		728,071
Giant Interactive Group, Inc. ADR		176,385		1,982,567
Hangzhou Steam Turbine Co.		869,950		1,238,658
Harbin Electric Co., Ltd. (b)		1,786,000		1,156,308
Home Inns & Hotels Management, Inc. ADR (a)(b)		42,312		1,846,496
Huangshan Tourism Development Co., Ltd.		420,000		517,020
Hunan Non-Ferrous Metal Corp., Ltd. (a)(b)		2,754,000		863,095
Jiangsu Future Land Co., Ltd.		937,600		570,061
LDK Solar Co., Ltd. ADR (a)(b)		71,118		93,165
Livzon Pharmaceutical, Inc. (Class B) (c)		161,800		791,289
Lonking Holdings, Ltd. (a)		3,461,000		674,011
MIE Holdings Corp.		2,904,754		614,386
NQ Mobile, Inc. ADR (a)		41,160		605,052
Pactera Technology International, Ltd. ADR (a)(b)		143,437		1,025,575
Peak Sport Products Co., Ltd. (b)		1,725,000		420,474
Perfect World Co., Ltd. ADR (b)		48,086		854,969
Ports Design, Ltd.		1,058,000		818,701
Real Gold Mining, Ltd. (a)(b)(d)		251,500		0
Renren, Inc. ADR (a)(b)		171,128		521,940
REXLot Holdings, Ltd. (b)		6,372,064		862,894
Shanda Games, Ltd. ADR (a)		91,066		417,082
Shanghai Chlor-Alkali Chemical Co., Ltd. (a)		352,900		168,333
Shanghai Dajiang Group, Class B (a)		1,285,400		492,308
Shanghai Diesel Engine Co., Ltd. Class B		393,360		309,968
Shanghai Haixin Group Co. (a)		666,700		360,018
Shanghai Highly Group Co., Ltd.		349,300		200,498
Shenguan Holdings Group, Ltd. (b)		2,680,010		1,195,916
Sinofert Holdings, Ltd. (b)		2,294,000		372,780
Sinopec Engineering Group Co., Ltd. (b)		1,738,500		2,600,883
SPT Energy Group, Inc.		1,872,000		1,113,000
TCL Communication Technology Holdings, Ltd. (a)		960,000		980,584
Trina Solar, Ltd. ADR (a)(b)		82,147		1,122,949
WuXi PharmaTech Cayman, Inc. ADR (a)(b)		97,797		3,753,449
Yingli Green Energy Holding Co., Ltd. ADR (a)(b)		119,210		602,010
YY, Inc. ADR (a)(b)		13,843		696,026
				52,370,541
CYPRUS — 0.1%
Global Ports Investments PLC, GDR		25,767		360,223
CZECH REPUBLIC — 0.3%
New World Resources PLC (a)		76,072		90,951
Philip Morris CR AS		4,488		2,390,103
				2,481,054
EGYPT — 1.4%
Arab Cotton Ginning		448,682		280,243
Citadel Capital Corp./Cairo (a)		587,436		293,356
Eastern Tobacco		48,010		801,485
Egyptian Financial Group-Hermes Holding (a)		694,206		870,186
Egyptian Kuwait Holding Co.		874,869		796,131
ElSwedy Electric Co.		180,730		832,052
Ezz Steel (a)		615,592		1,351,927
Juhayna Food Industries		582,265		1,314,769
Maridive & Oil Services SAE (a)		340,483		340,483
Orascom Telecom Media & Technology Holding SAE		4,543,522		503,488
Sidi Kerir Petrochemicals Co.		171,151		423,410
Six of October Development & Investment Co. (a)		208,343		677,931
Talaat Moustafa Group (a)		1,670,322		1,485,575
				9,971,036
HONG KONG — 9.1%
361 Degrees International, Ltd.		1,468,000		388,122
Ajisen China Holdings, Ltd.		969,000		1,002,274
Anton Oilfield Services Group (b)		1,634,000		994,677
Anxin-China Holdings, Ltd.		3,364,000		1,067,282
Asian Citrus Holdings, Ltd.		1,059,833		291,142
Beijing Capital Land, Ltd.		1,804,400		614,363
Boshiwa International Holding, Ltd. (a)(b)(d)		1,843,000		0
CGN Mining Co., Ltd. (a)(b)		2,630,000		210,298
Chaowei Power Holdings, Ltd. (b)		518,000		273,238
China Dongxiang Group Co. (b)		6,468,000		1,101,114
China Forestry Holdings, Ltd. (a)(d)		1,642,000		0
China High Precision Automation Group, Ltd. (a)(c)		1,226,000		0
China High Speed Transmission Equipment Group Co., Ltd. (a)(b)		1,528,000		829,648
China Lilang, Ltd.		1,440,000		887,725
China Lumena New Materials Corp. (b)		5,069,298		993,756
China Medical System Holdings, Ltd. (b)		596,300		637,540
China Metal Recycling Holdings, Ltd. (a)(b)(d)		1,109,932		0
China Modern Dairy Holdings, Ltd. (a)(b)		2,124,000		1,150,514
China National Materials Co., Ltd. (b)		1,919,000		413,314
China Oil and Gas Group, Ltd.		6,320,000		1,165,578
China Precious Metal Resources Holdings Co., Ltd. (a)(b)		4,200,000		644,591
China Rare Earth Holdings, Ltd. (a)		1,926,000		268,268
China Rongsheng Heavy Industries Group Holdings, Ltd. (a)(b)		3,738,000		583,328
China Shineway Pharmaceutical Group, Ltd.		537,000		735,507
China Singyes Solar Technologies Holdings, Ltd.		703,000		707,193
China South City Holdings, Ltd. (b)		2,376,000		674,151
China Travel International Investment Hong Kong, Ltd.		10,550,000		2,217,830

130

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
China Yurun Food Group, Ltd. (a)(b)		1,605,000	$	1,030,843
China ZhengTong Auto Services Holdings, Ltd. (a)(b)		1,081,500		693,220
Citic Resources Holdings, Ltd. (a)(b)		4,981,000		661,671
Comba Telecom Systems Holdings, Ltd. (a)(b)		1,052,984		363,953
Cosco International Holdings, Ltd.		524,000		223,015
Dah Chong Hong Holdings, Ltd. (b)		1,005,000		751,765
Digital China Holdings, Ltd.		948,000		1,117,488
Fufeng Group, Ltd.		1,409,600		576,293
Global Bio-Chem Technology Group Co., Ltd. (a)(b)		3,112,000		240,813
Glorious Property Holdings, Ltd. (a)(b)		3,290,000		708,599
GOME Electrical Appliances Holding, Ltd. (b)		13,028,000		2,402,714
Greatview Aseptic Packaging Co., Ltd.		1,473,048		870,103
Guangdong Land Holdings, Ltd. (b)		1,902,000		417,011
Hanergy Solar Group, Ltd. (a)(b)(c)		15,506,000		1,579,847
Hengdeli Holdings, Ltd.		3,108,400		733,629
Hidili Industry International Development, Ltd. (a)(b)		1,456,000		221,581
Honghua Group, Ltd. (b)		1,417,000		476,978
Hua Han Bio-Pharmaceutical Holdings, Ltd.		2,862,534		557,463
Huabao International Holdings, Ltd. (b)		2,812,000		1,555,825
Ju Teng International Holdings, Ltd.		1,260,000		833,635
Kaisa Group Holdings, Ltd. (a)(b)		3,996,000		1,288,409
Kingboard Laminates Holdings, Ltd. (b)		1,506,500		639,224
Kingdee International Software Group Co., Ltd. (a)		1,796,000		546,646
KWG Property Holding, Ltd. (b)		1,730,500		959,684
Li Ning Co., Ltd. (a)(b)		958,000		756,145
Lijun International Pharmaceutical Holding, Ltd.		2,942,000		804,390
Magic Holdings International, Ltd.		976,000		772,870
Maoye International Holdings, Ltd.		2,351,000		421,459
Minth Group, Ltd.		960,000		1,993,358
NetDragon Websoft, Inc. (b)		377,000		690,427
Newocean Energy Holdings, Ltd.		1,626,000		1,327,433
NVC Lighting Holdings, Ltd.		3,326,000		797,854
Pacific Online, Ltd. (b)		1,348,100		646,775
Prince Frog International Holdings, Ltd. (b)		1,070,000		440,213
Real Nutriceutical Group, Ltd. (b)		1,492,000		384,846
Sany Heavy Equipment International Holdings Co., Ltd. (b)		694,000		217,497
Shougang Concord International Enterprises Co., Ltd. (a)(b)		13,712,000		795,796
Shougang Fushan Resources Group, Ltd. (b)		4,448,000		1,560,350
Sichuan Expressway Co., Ltd. (b)		2,380,000		702,911
Sinotrans Shipping, Ltd.		3,122,500		1,139,665
Sinotrans, Ltd.		1,593,000		601,966
Sinotruk Hong Kong, Ltd.		788,500		442,363
Skyworth Digital Holdings, Ltd.		2,426,626		1,336,346
Springland International Holdings, Ltd.		1,961,000		1,009,110
Sunny Optical Technology Group Co., Ltd. (b)		776,000		754,608
TCL Multimedia Technology Holdings, Ltd.		482,000		223,788
Tech Pro Technology Development, Ltd. (a)		2,364,000		1,155,513
The United Laboratories International Holdings, Ltd. (a)(b)		1,388,500		556,922
Tiangong International Co., Ltd.		2,464,000		711,831
Tianjin Port Development Holdings, Ltd.		5,856,000		1,004,479
Tianneng Power International, Ltd.		1,316,000		483,714
TPV Technology, Ltd. (b)		1,860,000		383,814
United Energy Group, Ltd. (a)(b)		6,128,000		885,167
VODone, Ltd. (a)(b)		3,310,999		448,370
Wasion Group Holdings, Ltd.		1,071,000		654,721
West China Cement, Ltd.		3,744,000		555,293
Winsway Coking Coal Holding, Ltd. (a)		2,997,018		189,397
Yingde Gases		1,753,500		1,836,327
Yip’s Chemical Holdings, Ltd.		615,580		531,128
Yuexiu Transport Infrastructure, Ltd.		1,666,549		872,634
				65,391,342
HUNGARY — 0.1%
Magyar Telekom Telecommunications PLC (b)		502,506		731,877
INDIA — 9.6%
Adani Power, Ltd. (a)		1,116,280		702,920
Aditya Birla Nuvo, Ltd.		63,249		1,270,706
Amtek Auto, Ltd. (a)		437,675		528,918
Anant Raj, Ltd. (a)		576,816		583,763
Apollo Hospitals Enterprise, Ltd.		123,309		1,886,665
Arvind, Ltd.		222,834		492,645
Ashok Leyland, Ltd.		1,400,298		390,512
Aurobindo Pharma, Ltd.		314,288		1,995,834
Bajaj Holdings and Investment, Ltd.		64,228		922,171
Balrampur Chini Mills, Ltd.		505,331		375,802
Bata India, Ltd.		76,574		1,304,500
Bharat Forge, Ltd.		414,421		2,197,895
Bhushan Steel, Ltd.		156,587		1,218,293
Biocon, Ltd.		145,808		1,090,820
Britannia Industries, Ltd.		76,230		1,134,546
Coromandel International, Ltd.		188,860		730,647
Cox & Kings, Ltd.		73,121		136,123
Crompton Greaves, Ltd.		243,336		506,303
Dewan Housing Finance Corp., Ltd.		168,506		580,120
Dish TV India, Ltd. (a)		1,066,053		1,045,285
Divi’s Laboratories, Ltd.		55,984		1,105,425
Federal Bank, Ltd.		886,030		1,203,958
Fortis Healthcare, Ltd. (a)		287,640		476,881
Gateway Distriparks, Ltd.		276,905		627,407
GMR Infrastructure, Ltd.		1,187,654		476,175
Godrej Industries, Ltd.		231,314		1,036,809
Havells India, Ltd.		86,983		1,112,196
Hexaware Technologies, Ltd.		275,059		585,871
Hindustan Petroleum Corp., Ltd.		138,508		531,371
Housing Development & Infrastructure, Ltd. (a)		523,384		452,688
IDFC, Ltd.		1,372,833		2,432,503
IFCI, Ltd.		1,218,600		506,313
India Cements, Ltd.		743,010		722,529
India Infoline, Ltd.		503,404		507,026

131

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Indiabulls Housing Finance, Ltd.		512,918	$	1,977,290
Indiabulls Real Estate, Ltd.		576,179		642,735
Indian Hotels Co., Ltd.		828,708		827,301
Ipca Laboratories, Ltd.		82,942		971,288
Jain Irrigation Systems, Ltd.		312,720		367,043
Jaiprakash Associates, Ltd.		900,860		793,013
Jaiprakash Power Ventures, Ltd. (a)		904,353		276,328
JSW Energy, Ltd.		766,924		699,909
JSW Steel, Ltd.		166,705		2,741,449
Jubilant Foodworks, Ltd. (a)		75,640		1,555,539
LIC Housing Finance, Ltd.		315,667		1,118,907
Mahindra & Mahindra Financial Services, Ltd.		412,419		2,137,938
Manappuram Finance, Ltd.		530,164		134,137
MAX India, Ltd.		482,386		1,685,680
McLeod Russel India, Ltd.		154,968		805,718
Motherson Sumi Systems, Ltd.		599,358		1,768,375
Mphasis, Ltd.		114,974		817,857
Pipavav Defence & Offshore Engineering Co., Ltd. (a)		544,466		389,061
Piramal Healthcare, Ltd.		81,578		727,614
PTC India, Ltd.		531,962		569,760
Punj Lloyd, Ltd. (a)		733,756		341,047
Rajesh Exports, Ltd.		394,508		493,015
REI Agro, Ltd.		1,861,167		198,589
Reliance Capital, Ltd.		113,149		661,187
Reliance Infrastructure, Ltd.		154,437		1,062,995
Rolta India, Ltd.		309,123		335,835
Shree Renuka Sugars, Ltd.		831,992		269,014
Shriram Transport Finance Co., Ltd.		174,560		1,898,134
Sintex Industries, Ltd.		593,728		326,836
Strides Arcolab, Ltd.		93,371		543,727
Suzlon Energy, Ltd. (a)		1,668,002		277,753
Tata Chemicals, Ltd.		258,158		1,147,323
Tata Global Beverages, Ltd.		635,106		1,647,446
Tata Motors, Ltd. Class A		640,659		1,994,324
Thermax, Ltd.		73,130		840,543
Unitech, Ltd. (a)		1,938,819		479,572
UPL, Ltd.		770,717		2,466,469
Videocon Industries, Ltd.		145,262		404,752
Voltas, Ltd.		597,496		1,120,999
Welspun Corp., Ltd.		450,167		462,139
Yes Bank, Ltd.		14,230		85,166
				68,935,427
INDONESIA — 2.8%
AKR Corporindo Tbk PT		2,823,000		1,014,842
Alam Sutera Realty Tbk PT		26,986,000		953,491
Aneka Tambang Persero Tbk PT		2,326,500		208,372
Bakrieland Development Tbk PT (a)(c)		55,044,500		67,844
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		9,218,000		674,118
Bank Tabungan Negara Tbk PT		6,711,186		479,764
Bisi International PT		2,541,000		116,924
Bumi Resources Tbk PT (a)		18,874,500		465,271
Bumi Serpong Damai PT		8,372,500		887,471
BW Plantation Tbk PT		4,396,500		480,472
Ciputra Development Tbk PT		16,864,500		1,039,308
Citra Marga Nusaphala Persada Tbk PT (a)		841,500		231,637
Energi Mega Persada Tbk PT (a)		50,492,000		290,422
Erajaya Swasembada Tbk PT		1,541,500		126,664
Gajah Tunggal Tbk PT		2,989,500		412,684
Garuda Indonesia Tbk PT (a)		14,389,000		591,167
Harum Energy Tbk PT		1,413,000		319,289
Indah Kiat Pulp & Paper Corp. Tbk PT (a)		3,803,500		437,543
Indika Energy Tbk PT		3,368,500		163,304
Intiland Development Tbk PT		8,470,000		219,232
Japfa Comfeed Indonesia Tbk PT		8,345,500		836,607
Kawasan Industri Jababeka Tbk PT		39,905,408		632,847
Matahari Putra Prima Tbk PT		4,009,000		639,068
Medco Energi Internasional Tbk PT		2,623,500		452,699
Mitra Adiperkasa Tbk PT		1,451,500		655,978
MNC Investama Tbk PT		18,946,500		529,319
MNC Sky Vision Tbk PT		2,356,000		387,182
Modernland Realty Tbk PT (a)		8,975,000		287,613
Pakuwon Jati Tbk PT		28,604,900		634,620
Pembangunan Perumahan Persero PT Tbk		6,821,500		650,200
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		4,634,000		734,891
PT International Nickel Indonesia Tbk		3,241,000		705,723
Ramayana Lestari Sentosa Tbk PT		2,386,500		207,863
Sentul City Tbk PT (a)		19,618,500		253,090
Summarecon Agung Tbk PT		17,417,500		1,116,323
Surya Semesta Internusa Tbk PT		4,932,500		226,968
Timah Tbk PT		4,047,000		532,062
Trada Maritime Tbk PT (a)		13,718,000		1,792,245
				20,455,117
MALAYSIA — 5.4%
Aeon Co. M Bhd		301,900		1,290,368
Affin Holdings Bhd		446,200		565,327
Berjaya Corp. Bhd		4,686,000		844,066
Berjaya Sports Toto Bhd		1,386,953		1,714,901
Boustead Holdings Bhd		735,960		1,262,737
Bursa Malaysia Bhd		1,071,773		2,692,930
CapitaMalls Malaysia Trust		427,700		182,806
Carlsberg Brewery Malay Bhd		99,000		368,133
Dialog Group Bhd		2,861,920		3,127,972
DRB-Hicom Bhd		1,504,900		1,295,624
Eastern & Oriental Bhd		1,390,300		802,219
Gas Malaysia Bhd		338,600		400,055
HAP Seng Consolidated Bhd		1,532,500		1,408,281
IGB Corp. Bhd		3,552,767		2,950,245
KNM Group Bhd (a)		5,773,855		793,233
KPJ Healthcare Bhd		1,639,700		1,942,310
Magnum Bhd		1,732,900		1,671,795
Malaysia Building Society Bhd		1,597,000		1,077,506
Malaysian Bulk Carriers Bhd		812,400		439,001
Malaysian Resources Corp. Bhd		1,906,800		750,961
Media Prima Bhd		1,932,300		1,545,604
Oriental Holdings Bhd		302,300		783,553
OSK Holdings Bhd		1,258,000		633,705
Padini Holdings Bhd		598,300		330,613
Parkson Holdings Bhd		344,400		289,147
Pavilion Real Estate Investment Trust		825,200		322,472
POS Malaysia Bhd		826,600		1,382,924
Sunway Real Estate Investment Trust		5,012,000		1,897,384
TAN Chong Motor Holdings Bhd		1,005,300		1,899,804
Top Glove Corp. Bhd		962,700		1,654,709
UOA Development Bhd		1,894,800		1,122,244

132

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Wah Seong Corp. Bhd		1,483,811	$	747,455
WCT Holdings Bhd		1,364,025		853,687
				39,043,771
MEXICO — 2.4%
Alsea SAB de CV		604,250		1,881,887
Axtel SAB de CV (a)(b)		2,459,891		878,992
Banregio Grupo Financiero SAB de CV (b)		320,164		1,896,957
Bolsa Mexicana de Valores SAB de CV		857,538		1,959,672
Concentradora Fibra Hotelera Mexicana SA de CV		509,250		812,644
Consorcio ARA SAB de CV (a)		3,059,764		1,193,801
Corporacion GEO SAB de CV (a)(b)(d)		791,193		0
Empresas ICA SAB de CV (a)(b)		1,069,438		2,200,582
Grupo Aeroportuario del Centro Norte Sab de CV (a)(b)		150,535		502,850
Grupo Simec SAB de CV, Series B (a)(b)		255,268		1,062,029
Mexico Real Estate Management SA de CV (a)		927,166		1,825,711
TF Administradora Industrial S de RL de CV		549,683		985,867
TV Azteca SAB de CV		3,404,620		1,819,659
Urbi Desarrollos Urbanos SA de CV (a)(b)(d)		679,159		0
				17,020,651
MOROCCO — 0.0% (e)
Alliances Developpement Immobilier SA		1,202		72,160
Holcim Maroc SA		580		103,748
				175,908
NETHERLANDS — 0.1%
AmRest Holdings SE (a)		17,594		524,768
PERU — 0.3%
Ferreyros SA		2,069,810		1,428,374
Luz del Sur SAA		244,599		817,750
Refineria La Pampilla SA Relapasa		1,792,190		192,247
				2,438,371
PHILIPPINES — 1.9%
Belle Corp. (a)		4,128,200		457,630
Cebu Air, Inc.		745,530		786,979
Cosco Capital, Inc. (a)		2,170,100		429,791
First Gen Corp.		1,429,700		420,704
First Philippine Holdings Corp.		474,030		573,546
GMA Holdings, Inc.		4,154,600		753,552
Manila Water Co., Inc.		1,563,800		775,161
Megaworld Corp.		40,698,000		2,971,025
Philippine National Bank (a)		557,150		1,082,728
Rizal Commercial Banking Corp.		582,020		557,333
Robinsons Land Corp.		2,463,200		1,107,767
Security Bank Corp.		560,954		1,461,078
Semirara Mining Corp.		216,970		1,407,928
SM Prime Holdings, Inc.		1		0
Union Bank of Philippines		183,450		520,807
				13,306,029
POLAND — 2.2%
Agora SA (a)		150,564		488,499
Alior Bank SA (a)		46,432		1,253,646
Asseco Poland SA		145,611		2,218,342
Boryszew SA (a)		2,225,591		368,787
Ciech SA (a)		70,608		726,567
Echo Investment SA (a)		392,455		871,414
Emperia Holding SA		37,003		920,216
Getin Noble Bank SA (a)		1,384,605		1,225,172
Globe Trade Centre SA (a)		378,559		934,652
Grupa Lotos SA (a)		103,842		1,219,970
Lubelski Wegiel Bogdanka SA		58,529		2,440,123
Netia SA (a)		837,892		1,463,385
Orbis SA		45,844		610,605
TVN SA		294,822		1,436,273
				16,177,651
RUSSIA — 1.1%
Aeroflot — Russian Airlines OJSC		557,500		1,438,679
CTC Media, Inc.		101,452		1,409,676
DIXY Group OJSC (a)		24,916		310,881
Mechel OAO, ADR (a)(b)		183,684		470,231
Novorossiysk Commercial Sea Trade Port PJSC GDR		63,493		396,831
PIK Group GDR (a)		388,363		901,002
Vsmpo-Avisma Corp.		13,461		3,096,931
				8,024,231
SINGAPORE — 0.5%
Asian Pay Television Trust		1,205,000		706,241
Bumitama Agri, Ltd. (b)		490,000		364,803
Nam Cheong, Ltd. (b)		3,750,000		935,569
Yanlord Land Group, Ltd. (b)		1,313,000		1,273,899
				3,280,512
SOUTH AFRICA — 9.4%
Acucap Properties, Ltd.		202,831		844,536
Adcock Ingram Holdings, Ltd.		345,013		2,335,498
AECI, Ltd.		135,846		1,621,267
Afgri, Ltd.		1,827,659		1,142,969
African Bank Investments, Ltd. (b)		1,483,466		1,706,721
Aquarius Platinum, Ltd. (a)		733,897		480,129
Aveng, Ltd. (a)		613,639		1,549,074
AVI, Ltd.		146,680		803,580
Brait SE (a)		288,216		1,443,041
Capital Property Fund		748,556		761,153
Clicks Group, Ltd. (b)		501,669		3,007,499
DataTec, Ltd.		593,212		2,933,281
Emira Property Fund		492,030		671,777
Famous Brands, Ltd.		57,810		528,549
Fountainhead Property Trust		1,062,455		750,654
Grindrod, Ltd.		1,174,903		3,144,292
Harmony Gold Mining Co., Ltd.		391,844		968,971
Hosken Consolidated Investments, Ltd.		179,854		2,404,063
Hyprop Investments, Ltd.		84,614		618,018
Illovo Sugar, Ltd.		226,706		602,818
Investec, Ltd.		336,309		2,392,173
JD Group, Ltd. (b)		489,152		1,354,844
JSE, Ltd. (b)		360,362		3,087,269
Lewis Group, Ltd. (b)		288,382		1,952,145
Merafe Resources, Ltd. (a)		5,833,220		456,688
Mondi, Ltd.		197,004		3,380,033
Mpact, Ltd.		319,261		819,966
Murray & Roberts Holdings, Ltd. (a)		529,949		1,356,528

133

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Northam Platinum, Ltd. (a)		675,280	$	2,707,890
Omnia Holdings, Ltd.		54,578		1,052,348
Pick’ n Pay Holdings, Ltd.		275,833		592,552
PPC, Ltd. (b)		797,104		2,389,695
PSG Group, Ltd.		35,612		291,390
Resilient Property Income Fund, Ltd.		243,592		1,290,785
Reunert, Ltd. (b)		364,998		2,387,145
SA Corporate Real Estate Fund		6,147,397		2,341,866
Sappi, Ltd. (a)		612,496		1,915,192
Sibanye Gold, Ltd.		817,631		960,197
Sun International, Ltd.		169,307		1,540,514
Super Group, Ltd. (a)		537,457		1,341,879
Telkom SA, Ltd. (a)		404,444		1,081,220
The Spar Group, Ltd. (b)		105,176		1,320,907
Tongaat Hulett, Ltd.		138,062		1,498,761
Wilson Bayly Holmes-Ovcon, Ltd.		130,007		1,812,247
				67,642,124
TAIWAN — 30.1%
A-DATA Technology Co., Ltd.		388,000		913,906
Ability Enterprise Co., Ltd.		616,000		388,572
Accton Technology Corp.		1,462,341		772,791
Adlink Technology, Inc.		459,572		786,423
Advanced Ceramic X Corp.		166,642		900,208
Advanced International Multitech Co., Ltd.		396,000		421,199
AGV Products Corp. (a)		1,906,926		588,646
Alpha Networks, Inc.		941,348		682,239
Altek Corp.		903,309		634,970
AmTRAN Technology Co., Ltd.		1,025,717		695,203
Anpec Electronics Corp.		494,000		358,025
Apex Biotechnology Corp.		308,915		704,824
Arcadyan Technology Corp.		277,532		419,043
Asia Optical Co., Inc. (a)		408,540		403,009
Asia Polymer		615,588		539,093
Asrock, Inc.		171,000		631,134
Aten International Co., Ltd.		252,000		758,448
Bank of Kaohsiung		1,803,344		577,244
Basso Industry Corp.		635,000		671,146
BES Engineering Corp.		2,931,356		884,221
Capital Securities Corp.		2,786,730		1,033,213
Career Technology Co., Ltd.		440,726		418,493
Cathay No. 1 REIT		1,259,000		849,092
Cathay Real Estate Development Co., Ltd.		2,158,904		1,361,833
Chang Wah Electromaterials, Inc.		157,577		454,170
Charoen Pokphand Enterprise		1,193,798		632,879
Cheng Loong Corp.		1,861,128		896,109
Cheng Uei Precision Industry Co., Ltd.		558,915		1,121,449
Chicony Electronics Co., Ltd.		737,950		1,854,563
Chien Kuo Construction Co., Ltd.		1,257,501		586,484
Chin-Poon Industrial Co.		790,000		1,320,046
China Bills Finance Corp.		2,998,394		1,177,084
China Chemical & Pharmaceutical Co., Ltd.		770,000		605,852
China Manmade Fibers Corp. (a)		2,242,904		948,231
China Metal Products		151,000		207,981
China Motor Corp.		987,000		955,423
China Petrochemical Development Corp.		1,855,575		846,740
China Steel Chemical Corp.		291,000		1,601,288
China Synthetic Rubber Corp.		921,452		868,784
Chipbond Technology Corp.		804,000		1,263,858
Chong Hong Construction Co., Ltd.		315,622		968,994
Chroma ATE, Inc.		473,680		993,340
Chung Hung Steel Corp. (a)		910,239		261,434
Clevo Co.		919,265		1,986,366
CMC Magnetics Corp. (a)		3,773,719		620,438
Coretronic Corp.		601,420		594,287
CTCI Corp.		874,000		1,416,418
CyberTAN Technology, Inc.		799,210		886,268
D-Link Corp.		1,406,904		852,068
Danen Technology Corp. (a)		403,816		224,241
Dynapack International Technology Corp.		102,000		284,061
E Ink Holdings, Inc. (a)		890,000		488,248
Elan Microelectronics Corp.		715,899		1,125,367
Elite Material Co., Ltd.		618,782		519,051
Elite Semiconductor Memory Technology, Inc. (a)		615,674		739,548
ENG Electric Co., Ltd.		338,086		296,641
Entie Commercial Bank		500,000		249,971
Entire Technology Co., Ltd. (a)		219,942		230,248
Episil Technologies, Inc. (a)		1,125,000		379,360
Epistar Corp. (a)		1,104,000		2,126,247
Eternal Chemical Co., Ltd.		1,083,990		1,054,766
Eva Airways Corp. (a)		1,425,000		793,699
Evergreen Marine Corp., Ltd. (a)		1,470,000		897,680
Everlight Chemical Industrial Corp.		614,964		503,468
Everlight Electronics Co., Ltd.		705,503		1,621,519
Excelsior Medical Co., Ltd.		237,660		472,074
Far Eastern Department Stores, Ltd.		1,013,520		1,003,199
Far Eastern International Bank		3,444,562		1,438,918
Faraday Technology Corp.		784,976		1,098,311
Farglory Land Development Co., Ltd.		248,464		421,005
Feng Hsin Iron & Steel Co., Ltd.		619,270		1,136,580
Feng TAY Enterprise Co., Ltd.		589,816		1,414,996
FLEXium Interconnect, Inc.		340,875		1,097,992
Forhouse Corp.		848,576		321,738
Formosa Epitaxy, Inc. (a)		712,000		407,321
Formosa Taffeta Co., Ltd.		1,380,000		1,669,233
Formosan Rubber Group, Inc.		865,124		814,224
Formosan Union Chemical		1,556,200		746,679
FSP Technology, Inc.		531,184		484,782
G Tech Optoelectronics Corp.		182,000		229,305
Gemtek Technology Corp.		547,234		517,791
GeoVision, Inc.		165,474		1,041,031
Gigabyte Technology Co., Ltd.		463,000		559,263
Gigastorage Corp. (a)		700,114		805,741
Gintech Energy Corp. (a)		510,806		582,730
Global Unichip Corp. (a)		180,669		448,588
Gloria Material Technology Corp.		636,913		465,875
Goldsun Development & Construction Co., Ltd.		2,322,041		966,105
Grand Pacific Petrochemical		1,739,000		1,350,776
Grape King, Inc.		285,000		1,434,395
Great Wall Enterprise Co.		1,182,129		1,047,132
HannStar Display Corp. (a)		2,609,237		967,405
Hey Song Corp.		695,770		817,084
Highwealth Construction Corp.		721,400		1,524,928
Himax Technologies, Inc. ADR (b)		123,893		1,822,466
Hiwin Technologies Corp.		188,730		1,592,618
Ho Tung Chemical Corp.		2,094,031		1,011,762

134

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Hong TAI Electric Industrial		1,250,000	$	414,800
Huaku Development Co., Ltd.		406,260		1,147,754
Huang Hsiang Construction Co.		408,484		731,895
I-Sheng Electric Wire & Cable Co., Ltd.		520,000		738,906
Ibase Technology, Inc.		446,910		656,041
ITE Technology, Inc.		340,887		292,808
J Touch Corp. (a)		250,121		193,024
Jess-Link Products Co., Ltd.		437,974		390,897
Jih Sun Financial Holdings Co., Ltd.		2,037,888		591,465
KEE TAI Properties Co., Ltd.		1,282,076		858,202
Kenda Rubber Industrial Co., Ltd.		717,016		1,595,053
Kerry TJ Logistics Co., Ltd.		840,000		1,307,766
King Yuan Electronics Co., Ltd.		2,057,656		1,411,883
King’s Town Bank		1,812,000		1,726,670
Kinpo Electronics		2,639,371		969,722
Kinsus Interconnect Technology Corp.		379,030		1,257,774
Kuoyang Construction Co., Ltd.		1,123,527		735,108
KYE Systems Corp.		670,000		274,263
LCY Chemical Corp.		876,862		1,140,081
Lien Hwa Industrial Corp.		1,503,651		978,772
Lingsen Precision Industries, Ltd.		1,282,694		695,070
Long Bon International Co., Ltd.		948,000		604,359
Longwell Co.		585,000		530,953
Lumax International Corp., Ltd.		318,358		765,892
Lung Yen Life Service Corp.		274,000		772,258
Macronix International Co., Ltd. (a)		5,064,170		1,140,154
Makalot Industrial Co., Ltd.		313,000		1,690,842
Masterlink Securities Corp.		1,880,472		653,040
Mercuries & Associates, Ltd.		639,835		452,984
Merida Industry Co., Ltd.		286,950		2,084,476
Micro-Star International Co., Ltd.		1,213,000		984,938
Microbio Co., Ltd. (a)		683,723		713,466
Mirle Automation Corp.		834,195		710,942
Mitac Holdings Corp. (a)		979,999		947,002
Motech Industries, Inc. (a)		418,885		858,754
Nan Kang Rubber Tire Co., Ltd. (a)		1,093,204		1,355,340
Nantex Industry Co., Ltd.		768,348		496,274
Neo Solar Power Corp. (a)		653,436		965,788
Newmax Technology Co., Ltd. (a)		125,499		270,339
Nien Hsing Textile Co., Ltd.		494,938		509,826
Oriental Union Chemical Corp.		1,052,500		1,138,897
Pan-International Industrial Co., Ltd.		628,771		478,907
PC Home Online		166,845		1,337,962
Phison Electronics Corp.		195,837		1,251,764
Phytohealth Corp. (a)		411,511		523,303
PixArt Imaging, Inc.		199,060		335,958
Portwell, Inc.		536,000		515,255
Powertech Technology, Inc.		769,000		1,175,297
President Securities Corp.		1,674,850		994,677
Prime Electronics Satellitics, Inc.		709,803		535,862
Prince Housing Development Corp.		1,892,629		1,114,488
Promate Electronic Co., Ltd.		752,000		830,131
Qisda Corp. (a)		2,573,641		632,972
Radiant Opto-Electronics Corp.		544,331		1,990,776
Radium Life Tech Co., Ltd.		1,134,007		911,284
Realtek Semiconductor Corp.		740,053		1,986,486
RichTek Technology Corp.		172,477		804,412
Ritek Corp. (a)		3,938,596		667,368
Ruentex Industries, Ltd.		934,939		2,399,813
Sampo Corp.		2,475,527		984,280
Sanyang Industry Co., Ltd.		1,319,945		2,163,481
ScinoPharm Taiwan, Ltd.		309,844		910,710
Senao International Co., Ltd.		221,911		692,460
Sercomm Corp.		537,000		920,721
Shih Wei Navigation Co., Ltd.		718,654		508,786
Shin Zu Shing Co., Ltd.		90,000		224,672
Shinkong Insurance Co., Ltd.		834,841		673,677
Shinkong Synthetic Fibers Corp.		2,798,796		981,342
Sigurd Microelectronics Corp.		987,694		942,839
Silicon Integrated Systems Corp. (a)		1,102,000		329,082
Silicon Motion Technology Corp. ADR		50,586		715,792
Simplo Technology Co., Ltd.		409,129		1,812,036
Sinbon Electronics Co., Ltd.		704,000		943,674
Sinmag Bakery Machine Corp.		162,316		857,777
Sino-American Silicon Products, Inc. (a)		568,058		966,348
Sinon Corp.		1,528,662		856,566
Sinphar Pharmaceutical Co., Ltd.		463,136		766,105
Sintek Photronic Corp. (a)		993,000		296,532
Sinyi Realty Co.		702,477		1,263,367
Soft-World International Corp.		157,848		381,863
Solar Applied Materials Technology Corp.		459,090		392,799
Solartech Energy Corp. (a)		419,091		402,168
St. Shine Optical Co., Ltd.		100,000		2,855,369
Standard Foods Corp.		624,192		1,947,753
Systex Corp. (a)		563,000		1,267,546
TA Chen Stainless Pipe (a)		452,200		213,935
Ta Chong Bank Co., Ltd. (a)		3,064,496		1,115,633
Taichung Commercial Bank		3,150,760		1,157,610
Taiflex Scientific Co., Ltd.		442,725		891,288
Tainan Enterprises Co., Ltd.		427,000		448,441
Tainan Spinning Co., Ltd.		2,061,573		1,456,074
Taisun Enterprise Co., Ltd. (a)		1,496,549		670,355
Taiwan Acceptance Corp.		441,000		1,154,160
Taiwan Business Bank (a)		5,475,316		1,666,285
Taiwan Cogeneration Corp.		1,373,469		801,864
Taiwan Fire & Marine Insurance Co.		791,004		655,554
Taiwan Hon Chuan Enterprise Co., Ltd.		441,027		929,303
Taiwan Land Development Corp. (a)		2,087,831		767,083
Taiwan Life Insurance Co., Ltd. (a)		591,025		559,226
Taiwan Secom Co., Ltd.		459,726		1,153,808
Taiwan Surface Mounting Technology Co., Ltd.		458,122		691,714
Taiyen Biotech Co., Ltd.		752,978		776,891
Tatung Co., Ltd. (a)		3,802,691		1,055,187
Teco Electric & Machinery Co., Ltd.		2,705,838		3,100,454
Test-Rite International Co.		648,896		483,349
Thye Ming Industrial Co., Ltd.		631,218		753,984
Ton Yi Industrial Corp.		470,000		482,561
Tong Hsing Electronic Industries, Ltd.		224,327		1,038,708
Tong Yang Industry Co., Ltd.		812,872		1,216,437
Topco Scientific Co., Ltd.		436,393		871,219
Transcend Information, Inc.		408,484		1,174,596
Tripod Technology Corp.		743,353		1,331,892
TSRC Corp.		917,170		1,354,052
TTY Biopharm Co., Ltd.		305,885		936,021
Tung Ho Steel Enterprise Corp.		1,118,258		983,051
Tung Thih Electronic Co., Ltd.		256,893		785,242
TXC Corp.		625,120		757,187

135

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
U-Ming Marine Transport Corp.		721,000	$	1,294,261
Unimicron Technology Corp.		1,207,000		915,268
Unity Opto Technology Co., Ltd. (a)		613,307		615,293
Unizyx Holding Corp. (a)		1,164,694		730,779
UPC Technology Corp.		993,914		481,892
USI Corp.		1,398,318		971,201
Ve Wong Corp.		649,604		542,726
Via Technologies, Inc. (a)		630,031		591,906
Visual Photonics Epitaxy Co., Ltd.		526,162		536,693
Wafer Works Corp. (a)		436,983		244,125
Wah Hong Industrial Corp.		268,083		272,999
Walsin Lihwa Corp. (a)		4,863,000		1,559,893
Wan Hai Lines, Ltd.		1,802,320		937,338
Waterland Financial Holdings Co., Ltd.		3,944,497		1,322,178
Wei Chuan Food Corp.		689,899		1,212,969
Weikeng Industrial Co., Ltd.		810,628		624,219
Winbond Electronics Corp. (a)		4,638,730		1,245,150
Wintek Corp. (a)		1,963,859		685,293
Wistron NeWeb Corp.		454,697		1,180,853
WUS Printed Circuit Co., Ltd.		1,087,000		468,668
Yageo Corp. (a)		1,428,700		515,326
Yang Ming Marine Transport Corp. (a)		2,033,788		951,947
Yieh Phui Enterprise Co., Ltd. (a)		2,150,487		698,465
Young Fast Optoelectronics Co., Ltd.		239,959		256,034
Young Optics, Inc.		191,242		391,423
Yuen Foong Yu Paper Manufacturing Co., Ltd.		2,731,941		1,365,810
Yungtay Engineering Co., Ltd.		627,000		1,798,732
Zenitron Corp.		803,348		516,185
Zinwell Corp.		602,674		699,667
				215,919,086
THAILAND — 4.2%
Bangkok Expressway PCL, NVDR		996,800		1,016,214
Bangkokland PCL, NVDR		21,824,100		1,022,797
Berli Jucker PLC, NVDR		626,700		920,215
Bumrungrad Hospital PCL		423,600		1,131,190
Central Plaza Hotel PCL, NVDR		672,400		562,721
Delta Electronics Thai PCL, NVDR		539,800		878,859
Dynasty Ceramic PCL		313,700		465,395
Esso Thailand PCL, NVDR		1,449,700		264,705
Hana Microelectronics PCL		2,728,084		2,096,291
Hemaraj Land and Development PCL, NVDR		9,247,300		827,360
IRPC PCL, NVDR		8,839,300		876,936
Jasmine International PCL, NVDR		8,414,400		1,715,657
Kiatnakin Bank PCL, NVDR		736,300		834,668
LPN Development PCL, ADR		1,306,300		616,179
MBK PCL, NVDR		89,800		382,593
MK Restaurants Group PCL, NVDR (a)		1,018,700		1,588,812
Precious Shipping PCL		589,600		382,181
Pruksa Real Estate PCL		686,200		380,062
Pruksa Real Estate PCL, NVDR		979,300		542,400
Robinson Department Store PCL, NVDR		532,900		778,430
Siam Global House PCL, NVDR		998,493		480,103
Sino Thai Engineering & Construction PCL, NVDR		1,239,200		497,792
Sri Trang Agro-Industry PCL, NVDR		724,900		286,783
Supalai PCL, NVDR		728,100		323,502
Thai Airways International PCL, NVDR		1,282,500		538,603
Thai Stanley Electric PCL, NVDR		82,400		521,582
Thai Tap Water Supply PCL		2,471,800		752,222
Thai Union Frozen Products PCL, NVDR		760,700		1,660,993
Thai Vegetable Oil PCL, NVDR		676,600		380,922
Thaicom PCL, NVDR		1,010,100		1,244,950
Thanachart Capital PCL		2,785,764		2,734,050
Thoresen Thai Agencies PCL (a)		3,361,225		1,779,833
Tisco Financial Group PCL		464,903		544,698
Tisco Financial Group PCL, NVDR		157,270		184,263
VGI Global Media PCL, NVDR		2,874,556		857,293
WHA Corp. PCL, NVDR		521,800		444,626
				30,515,880
TURKEY — 2.4%
Akfen Holding AS		145,315		287,451
Albaraka Turk Katilim Bankasi (a)		2,497,357		1,790,053
Asya Katilim Bankasi AS (a)		1,233,713		832,620
Aygaz AS		182,399		696,147
Dogan Sirketler Grubu Holdings AS (a)		1,493,156		500,383
Dogan Yayin Holding AS (a)		1,417,922		362,977
GSD Holding (a)		729,015		295,203
Ihlas Holding (a)		1,095,854		214,223
Is Finansal Kiralama AS (a)		322,255		143,991
Izmir Demir Celik Sanayi AS (a)		214,110		214,259
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (a)		2,016,693		994,971
Koza Anadolu Metal Madencilik Isletmeleri AS (a)		197,346		222,284
NET Holding AS		418,704		475,512
Pegasus Hava Tasimaciligi AS (a)		61,462		1,038,432
Petkim Petrokimya Holding AS (a)		1,656,148		2,104,391
Sekerbank TAS (a)		1,478,111		1,430,985
Sinpas Gayrimenkul Yatirim Ortakligi AS		652,056		248,865
TAV Havalimanlari Holding AS		251,867		1,811,192
Tekfen Holding AS		220,748		514,753
Torunlar Gayrimenkul Yatirim Ortakligi AS		300,312		385,786
Turkiye Sinai Kalkinma Bankasi AS		1,125,035		958,256
Ulker Biskuvi Sanayi AS		278,442		1,969,895
				17,492,629
UNITED ARAB EMIRATES — 0.0% (e)
Exillon Energy PLC (a)		117,261		334,047
UNITED STATES — 0.1%
WNS Holdings, Ltd. ADR (a)(b)		522,798		699,060
TOTAL COMMON STOCKS —
(Cost $811,355,306)				717,407,114
RIGHTS — 0.0% (e)
MALAYSIA — 0.0% (e)
KPJ Healthcare Bhd (expiring 01/13/14) (a)		1,385,797		46,472
Malaysia Building Society Bhd (expiring 01/13/14) (a)		798,500		126,766
TOTAL RIGHTS —
(Cost $0)				173,238

136

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

December 31, 2013 (Unaudited)

Security Description	Shares		Value
SHORT TERM INVESTMENTS — 6.3%
UNITED STATES — 6.3%
MONEY MARKET FUNDS — 6.3%
State Street Navigator Securities Lending Prime Portfolio (f)(g)		34,973,417	$	34,973,417
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)		10,103,323		10,103,323
TOTAL SHORT TERM INVESTMENTS —
(Cost $45,076,740)				45,076,740
TOTAL INVESTMENTS — 106.1%
(Cost $856,432,046)				762,657,092
OTHER ASSETS & LIABILITIES — (6.1)%				(44,173,594	)
NET ASSETS — 100.0%			$	718,483,498

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(d)	Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs. (See accompanying Notes to Schedules of Investments)
(e)	Amount shown represents less than 0.05% of net assets.
(f)	Investments of cash collateral for securities loaned.
(g)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(h)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

NVDR = Non Voting Depositary Receipt

PCL = Public Company Limited

PLC = Public Limited Company

REIT = Real Estate Investment Trust

137

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

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Real Estate Management & Development		8.2	%
Semiconductors & Semiconductor Equipment		5.8
Chemicals		5.2
Food Products		4.9
Commercial Banks		4.3
Electronic Equipment, Instruments & Components		4.1
Metals & Mining		4.1
Construction & Engineering		3.2
Hotels, Restaurants & Leisure		2.9
Pharmaceuticals		2.5
Textiles, Apparel & Luxury Goods		2.5
Household Durables		2.5
Machinery		2.3
Health Care Providers & Services		2.3
Electrical Equipment		2.2
Marine		2.2
Computers & Peripherals		2.2
Auto Components		2.1
Diversified Financial Services		2.0
Industrial Conglomerates		1.8
Oil, Gas & Consumable Fuels		1.7
Capital Markets		1.7
Media		1.7
Software		1.7
Communications Equipment		1.6
Transportation Infrastructure		1.4
Specialty Retail		1.4
Automobiles		1.3
Paper & Forest Products		1.2
Multiline Retail		1.1
Real Estate Investment Trusts		1.1
Electric Utilities		1.1
Food & Staples Retailing		1.0
Diversified Telecommunication Services		1.0
Construction Materials		0.9
Internet Software & Services		0.9
Airlines		0.8
Consumer Finance		0.8
Leisure Equipment & Products		0.8
Health Care Equipment & Supplies		0.7
Beverages		0.7
IT Services		0.6
Thrifts & Mortgage Finance		0.6
Energy Equipment & Services		0.6
Personal Products		0.6
Independent Power Producers & Energy Traders		0.5
Air Freight & Logistics		0.5
Insurance		0.5
Containers & Packaging		0.4
Trading Companies & Distributors		0.4
Tobacco		0.4
Commercial Services & Supplies		0.4
Water Utilities		0.4
Gas Utilities		0.4
Wireless Telecommunication Services		0.3
Biotechnology		0.2
Building Products		0.2
Professional Services		0.2
Internet & Catalog Retail		0.2
Distributors		0.2
Life Sciences Tools & Services		0.1
Household Products		0.1
Diversified Consumer Services		0.1
Road & Rail		0.0	***
Short Term Investment		6.3
Other Assets & Liabilities		(6.1	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

**

Each security is valued based on Level 1 inputs except for China Forestry Holdings Ltd., which was Level 3 and part of the Paper & Forest Products Industry, representing 0.00% of net assets, China Hongxing Sports, Ltd., which was Level 3 and part of the Textiles, Apparel & Luxury Goods Industry, representing 0.00% of net assets, China Metal Recycling Holdings, Ltd., which was Level 3 and part of the Metals & Mining Industry, representing 0.00% of net assets, Corporacion GEO SAB de CV, which was Level 3 and part of the Household Durables Industry, representing 0.00% of net assets, Bakrieland Development Tbk PT, which was Level 2 and part of the Real Estate Management & Development Industry, representing 0.01% of net assets, Livzon Pharmaceutical, Inc. (Class B), which was Level 2 and part of the Pharmaceuticals Industry, representing 0.11% of net assets, Urbi Desarrollos Urbanos SA de CV, which was Level 3 and part of the Household Durables Industry, representing 0.00% of net assets, Hanergy Solar Group, Ltd., which was Level 2 and part of the Semiconductors & Semiconductor Equipment Industry, representing 0.22% of net assets, Real Gold Mining, Ltd., which was Level 3 and part of the Metals & Mining Industry, representing 0.00% of net assets, Boshiwa International Holding, Ltd., which was Level 3 and part of the Specialty Retail Industry, representing 0.00% of net assets, and China High Precision Automation Group, Ltd., which was Level 2 and part of the Electronic Equipment, Instruments & Components Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)

***

Amount shown represents less than 0.05% of net assets.

138

SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.6%
AUSTRALIA — 6.2%
Abacus Property Group (a)		323,842	$	672,162
Astro Japan Property Group (a)		1,405,451		282,462
BWP Trust		590,005		1,155,987
CFS Retail Property Trust Group (a)		2,917,965		5,077,532
Charter Hall Retail REIT (a)		347,827		1,117,148
Commonwealth Property Office Fund (a)		2,370,848		2,640,742
Dexus Property Group		5,528,016		4,970,366
Goodman Group		1,780,544		7,534,715
GPT Group (a)		1,838,556		5,592,536
Investa Office Fund		723,824		2,026,891
Westfield Group		2,292,559		20,694,964
Westfield Retail Trust		3,528,527		9,375,682
				61,141,187
AUSTRIA — 0.9%
Atrium European Real Estate, Ltd. (b)		205,521		1,183,766
CA Immobilien Anlagen AG (a)(b)		84,521		1,500,078
IMMOFINANZ AG (b)		1,248,304		5,793,296
				8,477,140
BELGIUM — 0.4%
Befimmo SA (a)		20,659		1,436,163
Cofinimmo		18,757		2,319,696
				3,755,859
BRAZIL — 0.4%
BR Malls Participacoes SA		536,926		3,880,296
CANADA — 5.1%
Artis REIT		74,835		1,046,634
Boardwalk REIT		29,938		1,686,390
Brookfield Asset Management, Inc. (Class A) (a)		668,925		25,951,142
Brookfield Office Properties, Inc. (a)(c)		155,202		2,987,182
Brookfield Office Properties, Inc. (a)(c)		141,651		2,726,782
Calloway REIT		76,727		1,816,895
Canadian Apartment Properties REIT		64,546		1,290,920
Canadian REIT		39,271		1,602,996
Chartwell Retirement Residences		98,606		927,128
Crombie Real Estate Investment Trust (b)(c)		31,884		407,404
Crombie Real Estate Investment Trust (c)		30,839		392,998
First Capital Realty, Inc. (a)		112,463		1,874,560
H&R REIT		157,316		3,168,529
RioCan REIT		175,031		4,080,487
				49,960,047
CHINA — 1.1%
Hongkong Land Holdings, Ltd.		1,385,000		8,171,500
Kerry Properties, Ltd.		873,135		3,029,158
				11,200,658
FRANCE — 4.6%
Fonciere Des Regions (a)		52,180		4,511,813
Gecina SA		31,195		4,127,863
Klepierre		116,131		5,390,363
Mercialys SA		64,199		1,349,060
Unibail-Rodamco SE		114,681		29,432,087
				44,811,186
HONG KONG — 3.7%
Champion REIT (a)		3,099,462		1,371,098
Hang Lung Group, Ltd.		1,008,996		5,094,592
Hang Lung Properties, Ltd.		2,690,018		8,499,815
Hysan Development Co., Ltd.		829,731		3,574,143
Prosperity REIT		1,436,000		418,554
The Link REIT		2,723,682		13,207,860
Wheelock & Co., Ltd.		965,016		4,436,927
				36,602,989
ITALY — 0.1%
Beni Stabili SpA (a)		948,778		640,610
JAPAN — 11.0%
Activia Properties, Inc.		267		2,105,923
Aeon Mall Co., Ltd.		133,800		3,756,660
Daibiru Corp.		68,000		832,653
Daiwa Office Investment Corp. (a)		284		1,328,062
Frontier Real Estate Investment Corp. (a)		544		2,691,404
Fukuoka REIT Corp.		132		1,070,016
Global One Real Estate Investment Co., Ltd.		105		714,286
Hankyu REIT, Inc.		109		567,271
Heiwa Real Estate Co., Ltd.		42,200		733,145
Hulic Co., Ltd. (a)		448,400		6,633,956
Japan Excellent, Inc. (a)		1,340		1,571,971
Japan Prime Realty Investment Corp. (a)		890		2,853,623
Japan Real Estate Investment Corp.		1,398		7,501,755
Japan Retail Fund Investment Corp.		2,578		5,253,866
Kenedix Realty Investment Corp.		346		1,644,327
Mitsui Fudosan Co., Ltd.		1,040,000		37,452,072
Mori Hills REIT Investment Corp. (a)		279		1,852,833
Mori Trust Sogo REIT, Inc. (a)		230		1,833,785
Nippon Building Fund, Inc. (a)		1,630		9,491,080
Nomura Real Estate Office Fund, Inc.		448		2,084,316
NTT Urban Development Corp.		126,300		1,452,801
Orix JREIT, Inc.		1,842		2,308,086
Premier Investment Corp.		228		882,889
Tokyu Fudosan Holdings Corp. (b)		610,400		5,749,451
Tokyu REIT, Inc. (a)		217		1,339,927
Top REIT, Inc.		188		883,612
United Urban Investment Corp.		2,795		4,023,438
				108,613,208
NETHERLANDS — 1.0%
Corio NV		116,877		5,246,223
Eurocommercial Properties NV		43,192		1,836,676
VastNed Retail NV		23,154		1,052,388
Wereldhave NV		25,533		2,011,423
				10,146,710
NEW ZEALAND — 0.3%
Argosy Property, Ltd.		887,393		668,288
Goodman Property Trust		1,156,703		937,744
Kiwi Income Property Trust		1,125,693		1,000,622

139

SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Precinct Properties		951,486	$	775,289
				3,381,943
PHILIPPINES — 0.7%
Ayala Land, Inc.		6,732,400		3,754,338
SM Prime Holdings, Inc.		8,546,500		2,826,849
				6,581,187
SINGAPORE — 3.7%
Ascendas REIT		2,396,969		4,176,566
Cambridge Industrial Trust		1,322,914		722,961
CapitaCommercial Trust (a)		2,651,682		3,045,255
CapitaLand, Ltd.		2,956,500		7,095,038
CapitaMall Trust		3,048,860		4,600,094
Frasers Commercial Trust (a)		598,412		601,919
Global Logistic Properties, Ltd.		3,587,000		8,210,383
Guocoland, Ltd. (a)		405,999		726,721
Mapletree Logistics Trust		1,742,860		1,456,294
Singapore Land, Ltd. (a)		103,000		685,253
Starhill Global REIT		1,616,524		1,005,046
Suntec REIT (a)		2,679,274		3,267,925
United Industrial Corp., Ltd.		308,000		724,505
				36,317,960
SOUTH AFRICA — 0.8%
Capital Property Fund		1,877,031		1,908,617
Fountainhead Property Trust		1,354,711		957,141
Growthpoint Properties, Ltd.		1,585,214		3,674,806
SA Corporate Real Estate Fund		1,660,247		632,475
Sycom Property Fund		178,204		423,317
				7,596,356
SPAIN — 0.0% (d)
Martinsa-Fadesa SA (b)(e)(f)		178		0
SWEDEN — 1.0%
Castellum AB		203,424		3,170,483
Fabege AB		164,242		1,963,969
Great Portland Estates PLC		408,018		4,047,918
Kungsleden AB		166,025		1,116,725
				10,299,095
SWITZERLAND — 1.0%
PSP Swiss Property AG (b)		45,735		3,882,602
Swiss Prime Site AG (b)		71,737		5,569,731
				9,452,333
THAILAND — 0.2%
Central Pattana PCL		1,574,237		1,964,203
UNITED KINGDOM — 5.9%
Big Yellow Group PLC		146,694		1,161,357
British Land Co. PLC		1,175,602		12,247,193
Capital & Counties Properties PLC		785,829		4,284,631
Derwent London PLC		101,649		4,200,483
Grainger PLC		485,537		1,638,899
Hammerson PLC		838,891		6,974,850
Intu Properties PLC		795,971		4,085,493
Land Securities Group PLC		919,529		14,673,805
Segro PLC		881,208		4,874,729
Shaftesbury PLC		297,333		3,087,708
Workspace Group PLC		128,216		1,121,248
				58,350,396
UNITED STATES — 51.5%
Acadia Realty Trust		64,846		1,610,126
Alexandria Real Estate Equities, Inc.		84,239		5,359,285
American Campus Communities, Inc.		124,513		4,010,564
American Homes 4 Rent (Class A)		53,900		873,180
Apartment Investment & Management Co. (Class A)		173,453		4,494,167
Ashford Hospitality Prime, Inc.		16,379		298,098
Ashford Hospitality Trust, Inc.		81,880		677,966
Associated Estates Realty Corp.		67,134		1,077,501
AvalonBay Communities, Inc.		143,375		16,951,226
BioMed Realty Trust, Inc.		225,687		4,089,448
Boston Properties, Inc.		180,281		18,094,804
Brandywine Realty Trust (a)		185,538		2,614,230
BRE Properties, Inc.		91,689		5,016,305
Camden Property Trust		100,403		5,710,923
CBL & Associates Properties, Inc.		202,464		3,636,253
Cedar Realty Trust, Inc.		70,412		440,779
CommonWealth REIT		132,036		3,077,759
Corporate Office Properties Trust		104,204		2,468,593
Cousins Properties, Inc.		206,355		2,125,457
CubeSmart (a)		151,730		2,418,576
DCT Industrial Trust, Inc.		373,222		2,661,073
DDR Corp. (a)		342,181		5,259,322
DiamondRock Hospitality Co.		230,928		2,667,218
Digital Realty Trust, Inc. (a)		151,143		7,424,144
Douglas Emmett, Inc.		154,067		3,588,220
Duke Realty Corp.		385,730		5,801,379
DuPont Fabros Technology, Inc.		75,454		1,864,468
EastGroup Properties, Inc. (a)		35,733		2,070,013
Education Realty Trust, Inc.		134,478		1,186,096
Equity Lifestyle Properties, Inc.		92,908		3,366,057
Equity One, Inc.		75,281		1,689,306
Equity Residential		395,217		20,499,906
Essex Property Trust, Inc.		44,783		6,426,808
Extra Space Storage, Inc.		129,314		5,447,999
Federal Realty Investment Trust		76,605		7,768,513
FelCor Lodging Trust, Inc. (a)(b)		128,303		1,046,953
First Industrial Realty Trust, Inc.		118,849		2,073,915
First Potomac Realty Trust		69,684		810,425
Forest City Enterprises, Inc. (Class A) (a)(b)		187,190		3,575,329
Franklin Street Properties Corp.		102,188		1,221,147
General Growth Properties, Inc.		633,532		12,714,987
Glimcher Realty Trust		169,131		1,583,066
HCP, Inc.		538,041		19,541,649
Health Care REIT, Inc.		340,370		18,233,621
Healthcare Realty Trust, Inc.		113,221		2,412,740
Hersha Hospitality Trust		232,811		1,296,757
Highwoods Properties, Inc.		106,609		3,856,048
Home Properties, Inc.		66,785		3,581,012
Hospitality Properties Trust		175,888		4,754,253
Host Hotels & Resorts, Inc.		893,668		17,372,906
Inland Real Estate Corp. (a)		97,705		1,027,857
Kilroy Realty Corp.		96,397		4,837,201
Kimco Realty Corp.		482,623		9,531,804
Kite Realty Group Trust		147,157		966,822
LaSalle Hotel Properties		122,655		3,785,133
Liberty Property Trust		172,436		5,840,407
LTC Properties, Inc.		41,617		1,472,826
Mack-Cali Realty Corp.		102,985		2,212,118

140

SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Mid-America Apartment Communities, Inc. (a)		88,560	$	5,379,134
Parkway Properties, Inc.		72,160		1,391,966
Pebblebrook Hotel Trust		72,578		2,232,499
Pennsylvania Real Estate Investment Trust		81,142		1,540,075
Piedmont Office Realty Trust, Inc. (Class A)		195,171		3,224,225
Post Properties, Inc.		64,548		2,919,506
ProLogis		588,126		21,731,256
PS Business Parks, Inc.		23,543		1,799,156
Public Storage		170,499		25,663,510
Ramco-Gershenson Properties Trust		79,305		1,248,261
Regency Centers Corp.		109,670		5,077,721
Rouse Properties, Inc. (a)		29,492		654,427
Saul Centers, Inc.		14,542		694,090
Senior Housing Properties Trust (a)		223,582		4,970,228
Simon Property Group, Inc.		366,187		55,719,014
SL Green Realty Corp.		111,788		10,326,975
Sovran Self Storage, Inc.		37,483		2,442,767
Sun Communities, Inc. (a)		40,183		1,713,403
Sunstone Hotel Investors, Inc.		217,924		2,920,182
Tanger Factory Outlet Centers, Inc.		112,085		3,588,962
Taubman Centers, Inc.		74,677		4,773,354
The Macerich Co.		165,528		9,747,944
UDR, Inc.		295,089		6,890,328
Universal Health Realty Income Trust		14,615		585,477
Ventas, Inc.		346,761		19,862,470
Vornado Realty Trust		205,091		18,210,030
Washington Real Estate Investment Trust (a)		78,301		1,829,111
Weingarten Realty Investors		133,212		3,652,673
				507,303,482
TOTAL COMMON STOCKS —
(Cost $950,342,165)				980,476,845
SHORT TERM INVESTMENTS — 4.7%
UNITED STATES — 4.7%
MONEY MARKET FUNDS — 4.7%
State Street Navigator Securities Lending Prime Portfolio (g)(h)		35,794,720		35,794,720
State Street Institutional Liquid Reserves Fund 0.06% (h)(i)		11,039,845		11,039,845
TOTAL SHORT TERM INVESTMENTS —
(Cost $46,834,565)				46,834,565
TOTAL INVESTMENTS — 104.3%
(Cost $997,176,730)				1,027,311,410
OTHER ASSETS & LIABILITIES — (4.3)%				(42,518,946	)
NET ASSETS — 100.0%			$	984,792,464

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(d)	Amount shown represents less than 0.05% of net assets.
(e)	Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs. (See accompanying Notes to Schedules of Investments)
(f)	Company has filed for insolvency.
(g)	Investments of cash collateral for securities loaned.
(h)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(i)	The rate shown is the annualized seven-day yield at period end.

PCL = Public Company Limited

PLC = Public Limited Company

REIT = Real Estate Investment Trust

141

SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY**	NET ASSETS
Retail REITs		26.5	%
Real Estate Management & Development		18.8
Specialized REITs		14.3
Office REITs		13.2
Diversified REITs		11.8
Residential REITs		9.4
Industrial REITs		5.2
Diversified Capital Markets		0.4
Short Term Investments		4.7
Other Assets & Liabilities		(4.3	)
TOTAL		100.0	%

* The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.

** Each security is valued based on Level 1 inputs except for Martinsa-Fadesa SA, which was Level 2 and part of the Real Estate Management & Development Industry, representing 0.00% of net assets. (See accompanying Notes to Schedules of Investments)

142

SPDR S&P International Consumer Discretionary Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.6%
AUSTRALIA — 1.8%
Aristocrat Leisure, Ltd. (a)		15,707	$	65,905
Crown Resorts, Ltd.		14,087		212,359
Fairfax Media, Ltd. (a)		66,352		37,992
Tatts Group, Ltd.		40,652		112,745
				429,001
BELGIUM — 0.3%
S.A. D’Ieteren NV		1,384		69,036
CANADA — 4.6%
Canadian Tire Corp., Ltd. (Class A)		1,902		178,099
Gildan Activewear, Inc.		2,309		123,024
Magna International, Inc. (Class A)		3,423		280,605
Shaw Communications, Inc. (Class B) (a)		6,299		153,251
Thomson Reuters Corp. (a)		6,300		238,184
Tim Hortons, Inc.		2,113		123,280
				1,096,443
FINLAND — 0.5%
Nokian Renkaat Oyj (a)		1,689		81,155
Sanoma Oyj		4,295		37,788
				118,943
FRANCE — 9.3%
Accor SA		2,483		117,356
Christian Dior SA		570		107,879
Compagnie Generale des Etablissements Michelin		2,517		267,926
Havas SA		10,352		85,359
Hermes International (a)		295		107,111
Kering		1,066		225,696
Lagardere SCA		1,962		73,050
LVMH Moet Hennessy Louis Vuitton SA		2,781		508,133
Peugeot SA (a)(b)		4,107		53,412
Publicis Groupe SA		1,585		145,261
Renault SA		2,382		191,849
Sodexo		1,773		179,910
Valeo SA		1,425		157,931
				2,220,873
GERMANY — 11.8%
Adidas AG		2,789		356,025
Bayerische Motoren Werke AG		3,962		465,253
Continental AG		813		178,571
Daimler AG		10,123		877,391
Kabel Deutschland Holding AG		457		59,332
Porsche Automobil Holding SE Preference Shares		1,168		121,771
ProSiebenSat.1 Media AG		1,748		86,712
TUI AG (a)(b)		4,124		68,050
Volkswagen AG		558		151,396
Volkswagen AG Preference Shares		1,557		437,997
				2,802,498
HONG KONG — 4.4%
Esprit Holdings, Ltd. (b)		19,382		37,345
Galaxy Entertainment Group, Ltd. (b)		24,000		215,276
Giordano International, Ltd. (a)		120,000		107,251
Li & Fung, Ltd. (a)		94,000		121,232
Sands China, Ltd.		36,800		300,665
Shangri-La Asia, Ltd.		24,500		47,776
SJM Holdings, Ltd.		36,000		120,716
Wynn Macau, Ltd.		23,600		106,986
				1,057,247
ITALY — 1.5%
Fiat SpA (a)(b)		10,951		89,710
Gtech Spa		3,622		110,599
Mediaset SpA (b)		12,388		58,823
Pirelli & C. SpA		5,292		91,735
				350,867
JAPAN — 33.6%
Aisin Seiki Co., Ltd.		3,500		142,191
Aoyama Trading Co., Ltd.		6,000		162,295
Asics Corp.		1,200		20,494
Benesse Holdings, Inc.		2,400		96,475
Bookoff Corp.		2,300		15,187
Bridgestone Corp.		9,500		359,736
Can Do Co., Ltd.		1,200		17,400
Casio Computer Co., Ltd.		5,900		72,245
Denso Corp.		4,700		248,180
Dentsu, Inc.		4,700		192,284
Fast Retailing Co., Ltd.		1,188		490,549
Fuji Corp., Ltd.		4,700		31,570
Fuji Heavy Industries, Ltd.		12,000		344,227
GLOBERIDE, Inc.		12,000		17,811
Gunze, Ltd.		23,000		57,771
Haseko Corp. (b)		2,500		19,029
Honda Motor Co., Ltd.		16,400		675,629
Iida Group Holdings Co., Ltd. (b)		3,600		71,997
Isetan Mitsukoshi Holdings, Ltd.		8,000		113,791
Isuzu Motors, Ltd.		24,000		149,336
Kappa Create Holdings Co., Ltd. (b)		600		11,371
Kyoritsu Maintenance Co., Ltd.		800		28,771
Mazda Motor Corp. (b)		27,000		139,746
Mitsubishi Motors Corp. (b)		4,700		50,486
Namco Bandai Holdings, Inc.		5,900		131,018
Nikon Corp.		5,900		112,774
Nissan Motor Co., Ltd.		23,000		193,445
Nitori Holding Co., Ltd.		50		4,743
Oriental Land Co., Ltd.		1,200		173,198
Panasonic Corp.		20,400		237,568
PARIS MIKI HOLDINGS, Inc.		6,000		27,572
Pioneer Corp. (b)		4,800		10,047
Rakuten, Inc.		9,500		141,363
Resorttrust, Inc.		12,000		219,095
Ringer Hut Co., Ltd.		2,000		28,257
Sanrio Co., Ltd.		800		33,681
Sanyo Housing Nagoya Co., Ltd.		2,500		27,806
Sega Sammy Holdings, Inc.		1,100		28,017
Sekisui Chemical Co., Ltd.		12,000		147,281
Sekisui House, Ltd.		12,000		167,832
Sharp Corp. (b)		12,000		38,133
Shimano, Inc.		2,400		206,194
Sony Corp.		10,700		185,892
Stanley Electric Co., Ltd.		3,600		82,478
Suminoe Textile Co., Ltd.		11,000		30,351
Sumitomo Forestry Co., Ltd.		10,400		121,212
Suzuki Motor Corp.		5,600		150,676
Toyota Industries Corp.		3,200		144,465
Toyota Motor Corp.		28,400		1,734,722
Yamada Denki Co., Ltd.		15,200		49,748

143

SPDR S&P International Consumer Discretionary Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Yamaha Motor Co., Ltd.		2,400	$	36,010
				7,992,149
LUXEMBOURG — 0.6%
SES		4,295		139,257
NETHERLANDS — 1.9%
Reed Elsevier NV		12,266		260,290
Wolters Kluwer NV		6,871		196,411
				456,701
NORWAY — 0.7%
Schibsted ASA		2,656		175,641
SINGAPORE — 0.8%
Genting Singapore PLC (a)		72,000		85,253
Singapore Press Holdings, Ltd. (a)		36,000		117,472
				202,725
SOUTH KOREA — 4.7%
Cheil Communications, Inc. (b)		1,460		38,044
Coway Co., Ltd.		478		30,075
Credu Corp. (b)		266		11,393
Fila Korea, Ltd. (b)		154		11,528
Gwangju Shinsegae Co., Ltd. (b)		49		11,724
Hanil E-Wha Co., Ltd. (b)		1,710		27,626
Hankook Tire Co., Ltd. (b)		1,239		71,263
Hotel Shilla Co., Ltd.		240		15,123
Hyundai Department Store Co., Ltd. (b)		82		12,510
Hyundai Engineering Plastics Co., Ltd. (b)		2,150		12,936
Hyundai Mobis (b)		663		184,385
Hyundai Motor Co.		1,862		417,267
Hyundai Wia Corp. (b)		88		15,843
Kia Motors Corp. (b)		2,695		143,260
LG Electronics, Inc. (a)(b)		799		51,558
Lotte Shopping Co., Ltd. (b)		107		40,961
Mando Corp. (b)		75		8,883
Woongjin Chemical Co., Ltd. (b)		1,652		17,062
				1,121,441
SPAIN — 1.8%
Industria de Diseno Textil SA		2,340		386,284
NH Hoteles SA (b)		6,272		37,033
				423,317
SWEDEN — 2.6%
Electrolux AB		5,833		153,031
Hennes & Mauritz AB (Class B)		10,082		464,966
				617,997
SWITZERLAND — 3.8%
Cie Financiere Richemont SA		5,522		551,362
The Swatch Group AG		522		346,004
				897,366
UNITED KINGDOM — 14.9%
British Sky Broadcasting Group PLC		15,948		222,933
Burberry Group PLC		6,344		159,290
Carnival PLC		3,191		132,180
Compass Group PLC		24,330		390,070
GKN PLC		22,057		136,374
Home Retail Group PLC		17,605		55,955
Informa PLC		12,162		115,522
ITV PLC		51,909		166,790
Kingfisher PLC		42,607		271,474
Marks & Spencer Group PLC		22,852		163,733
Next PLC		3,857		348,154
Ocado Group PLC (b)		4,059		29,687
Pearson PLC		13,592		301,882
Reed Elsevier PLC		16,673		248,256
Thomas Cook Group PLC (b)		10,521		29,135
Tui Travel PLC		18,814		128,725
Whitbread PLC		4,346		269,999
WPP PLC		16,601		379,437
				3,549,596
TOTAL COMMON STOCKS —
(Cost $20,033,079)				23,721,098
SHORT TERM INVESTMENTS — 3.0%
UNITED STATES — 3.0%
MONEY MARKET FUNDS — 3.0%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		573,549		573,549
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		133,909		133,909
TOTAL SHORT TERM INVESTMENTS —
(Cost $707,458)				707,458
TOTAL INVESTMENTS — 102.6%
(Cost $20,740,537)				24,428,556
OTHER ASSETS & LIABILITIES — (2.6)%				(618,487	)
NET ASSETS — 100.0%			$	23,810,069

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

SCA = Societe en Commandite par Actions

144

SPDR S&P International Consumer Discretionary Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Automobiles		26.9	%
Media		14.8
Hotels, Restaurants & Leisure		14.0
Textiles, Apparel & Luxury Goods		11.3
Auto Components		10.6
Specialty Retail		8.6
Household Durables		5.7
Multiline Retail		3.9
Leisure Equipment & Products		2.2
Internet & Catalog Retail		0.9
Diversified Consumer Services		0.4
Distributors		0.3
Short Term Investment		3.0
Other Assets & Liabilities		(2.6	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

145

SPDR S&P International Consumer Staples Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.7%
AUSTRALIA — 6.2%
Coca-Cola Amatil, Ltd.		16,053	$	172,773
Treasury Wine Estates, Ltd.		20,090		86,632
Wesfarmers, Ltd.		28,984		1,141,980
Woolworths, Ltd.		31,799		962,998
				2,364,383
BELGIUM — 5.7%
Anheuser-Busch InBev NV		20,662		1,982,505
Delhaize Group		2,967		176,618
				2,159,123
CANADA — 2.2%
Alimentation Couche-Tard, Inc. (Class B)		2,233		167,880
Loblaw Cos., Ltd. (a)		6,509		259,625
Metro, Inc., (Class A)		100		6,108
Shoppers Drug Mart Corp. (a)		6,537		358,012
SunOpta, Inc. (a)(b)		3,077		30,801
				822,426
DENMARK — 1.0%
Carlsberg A/S (Class B)		3,540		392,309
FINLAND — 0.4%
Kesko Oyj (Class B)		4,440		163,965
FRANCE — 9.1%
Carrefour SA		13,913		552,328
Casino Guichard-Perrachon SA		2,328		268,723
Danone		14,419		1,039,528
L’Oreal SA		5,637		991,910
Pernod Ricard SA		5,075		579,098
				3,431,587
GERMANY — 3.0%
Beiersdorf AG		3,629		368,242
Henkel AG & Co. KGaA		244		25,432
Henkel AG & Co. KGaA Preference Shares		6,093		707,854
Metro AG		710		34,438
				1,135,966
HONG KONG — 0.6%
Pacific Andes International Holdings, Ltd.		1,358,346		54,307
Vitasoy International Holdings, Ltd.		114,000		175,549
				229,856
IRELAND — 0.7%
Glanbia PLC		949		14,724
Greencore Group PLC		6,309		23,302
Kerry Group PLC (Class A)		3,400		236,594
				274,620
JAPAN — 14.3%
Aeon Co., Ltd.		20,805		282,072
Ajinomoto Co., Inc.		18,728		271,196
Asahi Breweries, Ltd.		16,982		478,899
Calbee, Inc.		2,000		48,618
Euglena Co., Ltd. (b)		1,900		25,633
FamilyMart Co., Ltd.		1,800		82,289
Fuji Oil Co., Ltd.		1,400		20,873
Fujicco Co., Ltd.		4,000		45,364
Hokuto Corp.		1,500		28,186
Japan Tobacco, Inc.		24,278		789,979
Kao Corp.		16,508		519,875
Kewpie Corp.		3,700		51,431
KEY Coffee, Inc.		3,300		49,702
Kikkoman Corp.		4,000		75,582
Kirin Holdings Co., Ltd.		18,675		268,829
Lawson, Inc.		3,724		278,844
Lion Corp.		18,000		100,528
MEIJI Holdings Co., Ltd.		1,800		115,770
Nichirei Corp.		34,388		175,367
Nippon Meat Packers, Inc.		3,000		51,549
Oenon Holdings, Inc.		37,351		86,710
Pigeon Corp.		500		24,261
Seven & I Holdings Co., Ltd.		18,675		742,700
Shiseido Co., Ltd.		15,193		244,435
Suntory Beverage & Food Ltd.		200		6,384
Takara Holdings, Inc.		2,000		18,648
Toyo Suisan Kaisha, Ltd.		2,000		60,130
Unicharm Corp.		3,700		211,217
UNY Group Holdings Co., Ltd.		15,000		91,908
Yakult Honsha Co., Ltd.		2,768		139,842
Yamazaki Baking Co., Ltd.		3,000		30,798
				5,417,619
LUXEMBOURG — 0.1%
Oriflame Cosmetics SA SDR (a)		1,127		34,656
NETHERLANDS — 7.2%
Heineken NV		6,247		422,483
Koninklijke Ahold NV		31,710		570,217
Unilever NV		42,918		1,731,290
				2,723,990
NORWAY — 0.4%
Marine Harvest (a)		113,502		138,163
SINGAPORE — 1.0%
Golden Agri-Resources, Ltd.		247,075		106,650
Olam International, Ltd. (a)		58,590		71,230
Wilmar International, Ltd. (a)		76,000		205,861
				383,741
SOUTH KOREA — 2.3%
Able C&C Co., Ltd. (b)		272		7,809
Amorepacific Corp. (b)		41		38,850
AMOREPACIFIC Group (b)		37		16,303
Binggrae Co., Ltd. (b)		180		16,561
CJ CheilJedang Corp. (b)		141		37,009
Crown Confectionery Co., Ltd. (b)		100		25,963
Dae Han Flour Mills Co., Ltd. (b)		180		26,181
Daesang Corp. (b)		880		32,020
Dongsuh Co., Inc.		1,792		28,611
Dongwon Industries Co., Ltd. (b)		72		21,593
E-Mart Co., Ltd. (b)		378		95,454
KT&G Corp.		2,611		184,317
LG Household & Health Care, Ltd.		194		100,736
Lotte Confectionery Co., Ltd. (b)		16		28,987
Lotte Samkang Co., Ltd. (b)		49		34,637
Maeil Dairy Industry Co., Ltd. (b)		658		27,932
Namyang Dairy Products Co., Ltd. (b)		18		16,033
NongShim Co., Ltd.		68		16,173
ORION Corp. (b)		77		69,240
Ottogi Corp. (b)		85		32,056

146

SPDR S&P International Consumer Staples Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Sajo Industries Co., Ltd. (b)		360	$	9,927
				866,392
SPAIN — 0.6%
Ebro Puleva SA		9,843		231,048
SWEDEN — 1.1%
Svenska Cellulosa AB		794		24,478
Svenska Cellulosa AB (Class B)		6,455		198,999
Swedish Match AB		6,028		194,000
				417,477
SWITZERLAND — 15.7%
Coca-Cola HBC AG (b)		2,642		77,102
Lindt & Spruengli AG		76		343,617
Nestle SA		75,001		5,506,904
				5,927,623
UNITED KINGDOM — 28.1%
British American Tobacco PLC		44,591		2,391,386
Diageo PLC		60,141		1,992,169
Imperial Tobacco Group PLC		23,060		892,955
J Sainsbury PLC		41,515		250,971
Reckitt Benckiser Group PLC		16,123		1,279,908
SABMiller PLC		20,172		1,036,040
Tate & Lyle PLC		18,083		242,295
Tesco PLC		185,734		1,028,533
Unilever PLC		30,852		1,268,267
William Morrison Supermarkets PLC		63,079		272,679
				10,655,203
TOTAL COMMON STOCKS —
(Cost $33,028,160)				37,770,147
SHORT TERM INVESTMENTS — 1.9%
UNITED STATES — 1.9%
MONEY MARKET FUNDS — 1.9%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		578,715		578,715
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		145,103		145,103
TOTAL SHORT TERM INVESTMENTS —
(Cost $723,818)				723,818
TOTAL INVESTMENTS — 101.6%
(Cost $33,751,978)				38,493,965
OTHER ASSETS & LIABILITIES — (1.6)%				(620,365	)
NET ASSETS — 100.0%			$	37,873,600

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

SDR = Swedish Depositary Receipt

147

SPDR S&P International Consumer Staples Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Food Products		34.2	%
Food & Staples Retailing		20.7
Beverages		19.9
Tobacco		11.8
Household Products		7.2
Personal Products		5.9
Short Term Investment		1.9
Other Assets & Liabilities		(1.6	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

148

SPDR S&P International Energy Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.5%
AUSTRALIA — 4.8%
Aurora Oil & Gas, Ltd. (a)		2,951	$	7,973
Karoon Gas Australia, Ltd. (a)		1,552		6,026
Origin Energy, Ltd.		11,143		140,265
Paladin Energy, Ltd. (a)(b)		8,689		3,615
Santos, Ltd.		13,031		170,559
Whitehaven Coal, Ltd. (a)(b)		3,661		6,256
Woodside Petroleum, Ltd.		6,658		231,711
WorleyParsons, Ltd.		3,589		53,301
				619,706
AUSTRIA — 0.6%
OMV AG		1,777		85,187
BERMUDA — 0.9%
Seadrill, Ltd.		2,997		122,313
CANADA — 27.3%
AltaGas, Ltd. (b)		1,100		42,209
ARC Resources, Ltd. (b)		2,663		74,113
Athabasca Oil Corp. (a)(b)		5,296		32,299
Baytex Energy Corp. (b)		1,082		42,404
Bonavista Energy Corp. (b)		3,094		40,535
Cameco Corp. (b)		5,263		109,173
Canadian Natural Resources, Ltd. (b)		10,705		362,106
Canadian Oil Sands, Ltd.		4,433		83,361
Cenovus Energy, Inc. (b)		7,693		220,110
Crescent Point Energy Corp. (b)		3,224		125,167
Enbridge, Inc.		8,081		352,978
EnCana Corp. (b)		9,193		165,950
Enerplus Corp. (b)		2,925		53,132
Gran Tierra Energy, Inc. (a)		2,178		15,887
Husky Energy, Inc.		3,316		105,176
Imperial Oil, Ltd. (b)		2,370		104,927
Keyera Corp. (b)		556		33,454
Lightstream Resources, Ltd. (b)		1,506		8,334
MEG Energy Corp. (a)		1,180		33,995
Niko Resources, Ltd. (a)(b)		989		2,364
Pacific Rubiales Energy Corp.		2,802		48,366
Paramount Resources, Ltd. (Class A) (a)		334		12,222
Pembina Pipeline Corp. (b)		2,671		94,070
Pengrowth Energy Corp. (b)		4,675		28,908
Penn West Petroleum, Ltd. (b)		3,510		29,344
Peyto Exploration & Development Corp. (b)		1,224		37,452
Precision Drilling Corp.		5,345		50,004
ShawCor, Ltd. (Class A)		556		22,230
Suncor Energy, Inc.		15,491		542,950
Talisman Energy, Inc. (b)		10,032		116,607
Tourmaline Oil Corp. (a)(b)		1,180		49,643
TransCanada Corp. (b)		7,735		353,371
Trican Well Service, Ltd.		2,561		31,286
Trilogy Energy Corp. (b)		445		11,560
Vermilion Energy, Inc. (b)		1,819		106,743
				3,542,430
FINLAND — 0.2%
Neste Oil Oyj (b)		1,429		28,296
FRANCE — 11.8%
Bourbon SA (b)		1,064		29,323
CGG (a)		2,345		40,650
Technip SA		1,116		107,430
Total SA		22,049		1,352,928
				1,530,331
ITALY — 5.2%
ENI SpA		24,928		600,773
Saipem SpA		2,695		57,783
Saras SpA (a)		10,972		12,564
				671,120
JAPAN — 2.8%
Cosmo Oil Co., Ltd. (a)		4,000		7,650
Idemitsu Kosan Co., Ltd.		1,200		27,321
Inpex Corp.		8,800		112,862
Japan Petroleum Exploration Co.		200		7,583
JX Holdings, Inc.		31,197		160,578
Showa Shell Sekiyu K.K.		1,700		17,274
TonenGeneral Sekiyu K.K.		3,000		27,544
				360,812
LUXEMBOURG — 1.2%
Subsea 7 SA		2,887		55,248
Tenaris SA		4,668		102,144
				157,392
NETHERLANDS — 1.1%
Fugro NV		535		31,932
Koninklijke Vopak NV		609		35,682
SBM Offshore NV (a)		3,712		75,701
				143,315
NORWAY — 3.1%
Aker Solutions ASA		3,279		58,588
DNO International ASA (a)		6,030		24,053
Golar LNG, Ltd. (b)		289		10,488
Kvaerner ASA		5,505		10,435
Petroleum Geo-Services ASA		2,997		35,296
StatoilHydro ASA		10,226		247,776
TGS Nopec Geophysical Co. ASA (b)		594		15,744
				402,380
PAPUA NEW GUINEA — 0.9%
Oil Search, Ltd.		15,433		111,976
PORTUGAL — 0.3%
Galp Energia SGPS SA (Class B)		2,450		40,225
SINGAPORE — 0.1%
Ezion Holdings, Ltd.		8,400		14,770
SOUTH KOREA — 1.1%
GS Holdings (a)		473		25,682
Hankook Shell Oil Co., Ltd.		39		17,313
S-Oil Corp.		381		26,715
SK Innovation Co., Ltd. (a)		504		67,576
				137,286
SPAIN — 1.7%
Repsol YPF SA		8,823		222,728
SWEDEN — 0.3%
Lundin Petroleum AB (a)		1,783		34,813
UNITED KINGDOM — 36.1%
Afren PLC (a)		10,039		28,133
AMEC PLC		5,166		93,091
BG Group PLC		31,239		671,321
BP PLC		180,419		1,458,385

149

SPDR S&P International Energy Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Cairn Energy PLC (a)		7,495	$	33,492
John Wood Group PLC		1,500		17,043
Ophir Energy PLC (a)		3,989		21,657
Petrofac, Ltd.		1,366		27,692
Premier Oil PLC		5,737		29,798
Royal Dutch Shell PLC (Class A)		36,423		1,304,842
Royal Dutch Shell PLC (Class B)		22,766		859,700
Tullow Oil PLC		9,843		139,386
				4,684,540
TOTAL COMMON STOCKS —
(Cost $13,953,814)				12,909,620
RIGHTS — 0.1%
SPAIN — 0.1%
Repsol SA (expiring 1/9/14) (a)(b) (Cost $5,753)		8,823		6,030
SHORT TERM INVESTMENTS — 10.0%
UNITED STATES — 10.0%
MONEY MARKET FUNDS — 10.0%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		1,192,702		1,192,702
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		109,379		109,379
TOTAL SHORT TERM INVESTMENTS —
(Cost $1,302,081)				1,302,081
TOTAL INVESTMENTS — 109.6%
(Cost $15,261,648)				14,217,731
OTHER ASSETS & LIABILITIES — (9.6)%				(1,246,295	)
NET ASSETS — 100.0%			$	12,971,436

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

150

SPDR S&P International Energy Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Oil, Gas & Consumable Fuels		91.7	%
Energy Equipment & Services		7.9
Short Term Investment		10.0
Other Assets & Liabilities		(9.6	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

151

SPDR S&P International Financial Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.1%
AUSTRALIA — 11.9%
AMP, Ltd.		4,890	$	19,205
ASX, Ltd.		631		20,752
Australia & New Zealand Banking Group, Ltd.		5,767		166,289
Commonwealth Bank of Australia		2,976		207,141
Macquarie Group, Ltd.		1,197		58,854
National Australia Bank, Ltd.		4,414		137,543
QBE Insurance Group, Ltd.		3,017		31,067
Stockland (a)		13,669		44,147
Sydney Airport		1,268		4,311
Westfield Group		6,656		60,084
Westfield Retail Trust		4,406		11,707
Westpac Banking Corp.		5,989		173,494
				934,594
AUSTRIA — 0.7%
Erste Group Bank AG		858		29,947
Sparkassen Immobilien AG (b)		3,855		28,101
				58,048
BELGIUM — 0.6%
Ageas		623		26,569
Dexia SA (b)		4,264		235
Groupe Bruxelles Lambert SA		190		17,471
				44,275
BERMUDA — 0.6%
Lancashire Holdings, Ltd.		3,671		49,310
CANADA — 12.7%
Bank of Montreal		1,465		97,634
Bank of Nova Scotia		2,181		136,361
Brookfield Asset Management, Inc. (Class A)		2,057		79,802
Canadian Imperial Bank of Commerce (a)		677		57,805
IGM Financial, Inc. (a)		1,047		55,272
Manulife Financial Corp.		4,141		81,690
National Bank of Canada		691		57,485
Power Corp. of Canada (a)		689		20,718
Royal Bank of Canada (a)		2,880		193,563
Sun Life Financial, Inc. (a)		1,815		64,093
The Toronto-Dominion Bank		1,632		153,769
				998,192
DENMARK — 1.1%
Danske Bank A/S (b)		2,482		57,029
Sydbank A/S (b)		1,039		27,634
				84,663
FINLAND — 1.4%
Pohjola Bank PLC		3,004		60,517
Technopolis Oyj		8,665		51,939
				112,456
FRANCE — 5.7%
AXA SA		4,266		118,801
BNP Paribas		2,287		178,525
Credit Agricole SA (b)		2,407		30,862
Societe Generale		1,180		68,649
Unibail-Rodamco SE		213		54,665
				451,502
GERMANY — 5.5%
Allianz SE		989		177,640
Commerzbank AG (b)		613		9,891
Deutsche Bank AG		1,919		91,691
Deutsche Beteiligungs AG		1,457		41,659
Deutsche Boerse AG		225		18,664
Muenchener Rueckversicherungs- Gesellschaft AG		434		95,775
				435,320
HONG KONG — 5.4%
AIA Group, Ltd.		9,600		48,162
Bank of East Asia, Ltd.		11,803		50,005
Cheung Kong Holdings, Ltd.		4,967		78,409
Hang Lung Properties, Ltd.		7,922		25,032
Hong Kong Exchanges and Clearing, Ltd.		2,361		39,371
New World Development Co., Ltd. (a)		21,201		26,769
Sun Hung Kai Properties, Ltd. (a)		6,441		81,699
The Link REIT		4,033		19,557
Wharf Holdings, Ltd.		6,933		53,023
				422,027
ITALY — 2.8%
Assicurazioni Generali SpA		2,911		68,592
Banca Monte dei Paschi di Siena SpA (a)(b)		18,708		4,521
Banca Popolare dell’Etruria e del Lazio (b)		1,136		805
Banco Popolare Societa Cooperativa (b)		6,015		11,554
Intesa Sanpaolo SpA		16,899		41,775
UBI Banca ScPA		2,871		19,527
UniCredit SpA		9,917		73,518
				220,292
JAPAN — 15.1%
Chuo Mitsui Trust Holdings, Inc.		12,933		68,169
Daiwa Securities Group, Inc.		6,900		68,931
Mitsubishi Estate Co., Ltd.		5,000		149,612
Mitsubishi UFJ Financial Group, Inc.		25,049		165,397
Mizuho Financial Group, Inc.		36,225		78,581
MS&AD Insurance Group Holdings, Inc.		1,486		39,898
NKSJ Holdings, Inc.		1,300		36,166
Nomura Holdings, Inc.		9,796		75,401
ORIX Corp.		3,400		59,748
Resona Holdings, Inc.		3,656		18,644
Sumitomo Mitsui Financial Group, Inc.		2,869		147,947
T&D Holdings, Inc.		2,900		40,532
The Bank of Yokohama, Ltd.		5,000		27,877
The Dai-ichi Life Insurance Co., Ltd.		2,000		33,433
The Shizuoka Bank, Ltd.		5,000		53,375
Tokai Tokyo Financial Holdings, Inc.		5,422		52,412
Tokio Marine Holdings, Inc.		2,179		72,872
				1,188,995
NETHERLANDS — 1.7%
Aegon NV		4,075		38,531
ING Groep NV (b)		6,988		97,254
				135,785
NEW ZEALAND — 0.6%
Precinct Properties		60,245		49,089
NORWAY — 0.5%
SpareBank 1 SR Bank ASA		3,615		35,901

152

SPDR S&P International Financial Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
PORTUGAL — 0.0% (c)
BANIF — Banco Internacional do Funchal SA (b)		8,326	$	120
SINGAPORE — 2.3%
CapitaLand, Ltd.		7,922		19,011
Hong Leong Finance, Ltd.		13,867		30,203
Oversea-Chinese Banking Corp., Ltd.		5,366		43,350
United Overseas Bank, Ltd.		5,355		90,084
				182,648
SOUTH KOREA — 0.8%
KB Financial Group, Inc. ADR		673		27,263
Shinhan Financial Group Co., Ltd. ADR		837		38,251
				65,514
SPAIN — 4.6%
Banco Bilbao Vizcaya Argentaria SA		10,460		128,971
Banco de Sabadell SA		12,393		32,378
Banco Popular Espanol SA (b)		3,408		20,592
Banco Santander SA		18,303		164,085
Bolsas y Mercados Espanoles (a)		410		15,627
				361,653
SWEDEN — 4.0%
Investor AB		1,074		37,006
Kinnevik Investment AB (Class B)		630		29,221
Nordea Bank AB		7,067		95,344
Skandinaviska Enskilda Banken AB (Class A)		5,549		73,266
Svenska Handelsbanken AB (Class A)		1,560		76,754
				311,591
SWITZERLAND — 6.1%
Credit Suisse Group AG (b)		2,592		79,478
GAM Holding AG (b)		858		16,738
Julius Baer Group, Ltd. (b)		775		37,332
Swiss Re AG (b)		1,105		101,946
UBS AG (b)		7,065		134,413
Valiant Holding AG		49		4,399
Zurich Insurance Group AG (b)		354		102,894
				477,200
UNITED KINGDOM — 15.0%
Aviva PLC		7,353		54,766
Barclays PLC		27,667		124,617
British Land Co. PLC		3,956		41,213
HSBC Holdings PLC		33,745		370,216
Land Securities Group PLC		3,514		56,076
Lloyds Banking Group PLC (b)		79,238		103,521
Man Group PLC		5,881		8,279
Old Mutual PLC		9,649		30,220
Provident Financial PLC		1,586		42,660
Prudential PLC		6,113		135,670
Resolution, Ltd.		3,785		22,192
Royal Bank of Scotland Group PLC (b)		4,152		23,250
RSA Insurance Group PLC		19,824		30,010
Standard Chartered PLC		3,581		80,662
Standard Life PLC		9,967		59,362
				1,182,714
TOTAL COMMON STOCKS —
(Cost $7,893,139)				7,801,889
SHORT TERM INVESTMENTS — 5.1%
UNITED STATES — 5.1%
MONEY MARKET FUNDS — 5.1%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		200,880		200,880
State Street Institutional Liquid Reserves Fund 0.06% (e)(f)		200,787		200,787
TOTAL SHORT TERM INVESTMENTS —
(Cost $401,667)				401,667
TOTAL INVESTMENTS — 104.2%
(Cost $8,294,806)				8,203,556
OTHER ASSETS & LIABILITIES — (4.2)%				(327,326	)
NET ASSETS — 100.0%			$	7,876,230

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Amount shown represents less than 0.05% of net assets.
(d)	Investments of cash collateral for securities loaned.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

PLC = Public Limited Company

REIT = Real Estate Investment Trust

153

SPDR S&P International Financial Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Commercial Banks		51.7	%
Insurance		20.4
Capital Markets		9.1
Real Estate Management & Development		8.0
Diversified Financial Services		5.1
Real Estate Investment Trusts		3.8
Consumer Finance		0.9
Transportation Infrastructure		0.1
Short Term Investment		5.1
Other Assets & Liabilities		(4.2	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

154

SPDR S&P International Health Care Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.4%
AUSTRALIA — 4.0%
Ansell, Ltd. (a)		5,261	$	97,288
Cochlear, Ltd. (a)		2,921		153,974
CSL, Ltd.		22,236		1,371,851
Mesoblast, Ltd. (a)(b)		7,111		37,217
Primary Health Care, Ltd. (a)		18,614		82,432
Ramsay Health Care, Ltd.		8,590		332,455
Sonic Healthcare, Ltd.		22,993		341,062
				2,416,279
BELGIUM — 0.8%
ThromboGenics NV (a)(b)		2,485		68,998
UCB SA		5,854		436,721
				505,719
CANADA — 3.4%
Catamaran Corp. (b)		9,597		455,688
Valeant Pharmaceuticals International, Inc. (b)		13,597		1,594,784
				2,050,472
DENMARK — 6.9%
Coloplast A/S (Class B)		6,512		431,800
Genmab A/S (b)		1,642		64,296
GN Store Nord A/S		8,869		218,199
H. Lundbeck A/S		7,083		179,230
Novo Nordisk A/S (Class B)		14,021		2,574,181
Novozymes A/S (Class B)		12,159		514,064
William Demant Holding (a)(b)		1,770		172,289
				4,154,059
FINLAND — 0.4%
Orion Oyj (Class A)		1,926		54,007
Orion Oyj (Class B)		6,147		172,963
				226,970
FRANCE — 9.2%
bioMerieux		993		104,361
Essilor International SA		10,026		1,067,648
Orpea		1,312		76,364
Sanofi		39,849		4,234,652
Virbac SA		207		44,297
				5,527,322
GERMANY — 11.2%
Bayer AG		26,538		3,728,110
Celesio AG		5,243		166,165
Fresenius Medical Care AG & Co. KGaA		9,686		690,431
Fresenius SE		6,055		931,133
Gerresheimer AG		3,005		210,474
Merck KGaA		3,728		669,094
Rhoen-Klinikum AG		5,653		165,567
Stada Arzneimittel AG		4,420		218,802
				6,779,776
IRELAND — 0.5%
Perrigo Co. PLC		1,784		273,773
UDG Healthcare PLC (c)		516		2,769
UDG Healthcare PLC (c)		6,474		34,741
				311,283
ISRAEL — 3.1%
Teva Pharmaceutical Industries, Ltd.		47,051		1,881,498
ITALY — 0.3%
DiaSorin SpA		1,204		56,557
Recordati SpA		4,674		67,368
Sorin SpA (b)		14,681		41,956
				165,881
JAPAN — 14.6%
Alfresa Holdings Corp.		2,500		124,162
Astellas Pharma, Inc.		20,400		1,209,191
Chugai Pharmaceutical Co., Ltd.		10,025		221,760
Daiichi Sankyo Co., Ltd.		32,700		598,279
Dainippon Sumitomo Pharma Co., Ltd.		7,900		123,643
Eisai Co., Ltd.		13,300		515,651
Hisamitsu Pharmaceutical Co., Inc.		3,300		166,405
Kaken Pharmaceutical Co., Ltd.		4,000		60,130
Kissei Pharmaceutical Co., Ltd.		1,700		41,859
KYORIN Holdings, Inc.		2,800		60,020
Kyowa Hakko Kirin Co., Ltd.		18,422		203,141
M3, Inc.		27		67,689
Medipal Holdings Corp.		11,500		151,867
Miraca Holdings, Inc.		2,700		127,415
Mitsubishi Tanabe Pharma Corp.		11,100		154,822
Nichi-iko Pharmaceutical Co., Ltd.		2,600		40,148
Nihon Kohden Corp.		2,300		80,310
Nippon Shinyaku Co., Ltd.		2,000		38,990
Nipro Corp.		4,300		38,907
Olympus Corp. (b)		12,800		405,537
Ono Pharmaceutical Co., Ltd.		5,100		446,896
Otsuka Holdings Co., Ltd.		23,900		691,271
Rohto Pharmaceutical Co., Ltd.		4,000		61,082
Santen Pharmaceutical Co., Ltd.		3,300		154,003
Sawai Pharmaceutical Co., Ltd.		1,200		77,637
Shionogi & Co., Ltd.		14,100		305,866
Ship Healthcare Holdings, Inc.		2,000		77,732
Suzuken Co., Ltd.		4,200		136,064
Sysmex Corp.		4,000		236,335
Taisho Pharmaceutical Holdings Co., Ltd.		2,400		165,092
Takara Bio, Inc.		1,700		35,211
Takeda Pharmaceutical Co., Ltd.		31,600		1,450,645
Terumo Corp.		8,200		395,547
Toho Holdings Co., Ltd.		2,900		46,547
Tsumura & Co.		3,500		92,841
				8,802,695
LUXEMBOURG — 0.2%
Eurofins Scientific		353		95,581
NETHERLANDS — 0.5%
QIAGEN NV (b)		13,884		323,991
NEW ZEALAND — 0.4%
Fisher & Paykel Healthcare Corp., Ltd.		49,199		155,899
Ryman Healthcare, Ltd. (a)		18,233		117,802
				273,701
NORWAY — 0.2%
Algeta ASA (b)		2,012		118,992
SINGAPORE — 0.1%
Biosensors International Group, Ltd. (a)		59,000		39,019
SPAIN — 1.0%
Grifols SA		10,731		514,063
Grifols SA (Class B)		2,019		72,014
				586,077

155

SPDR S&P International Health Care Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
SWEDEN — 1.5%
Elekta AB (Class B) (a)		20,572	$	315,022
Getinge AB (Class B)		10,494		359,462
Meda AB (Class A)		15,918		202,240
				876,724
SWITZERLAND — 25.2%
Actelion, Ltd. (b)		5,212		441,586
Galenica AG		292		294,840
Lonza Group AG (b)		3,005		285,853
Nobel Biocare Holding AG (b)		7,699		120,331
Novartis AG		85,670		6,858,609
Roche Holding AG (c)		1,596		443,976
Roche Holding AG (c)		22,391		6,274,062
Sonova Holding AG (b)		2,283		308,045
Straumann Holding AG		643		120,596
Tecan Group AG		487		57,771
				15,205,669
UNITED KINGDOM — 15.9%
AstraZeneca PLC		50,542		2,992,219
BTG PLC (b)		15,019		142,908
Dechra Pharmaceuticals PLC		3,973		46,226
Genus PLC		7,080		152,089
GlaxoSmithKline PLC		154,855		4,133,150
Hikma Pharmaceuticals PLC		6,690		133,074
Shire PLC		27,336		1,291,249
Smith & Nephew PLC		46,495		663,033
Synergy Health PLC		2,661		53,020
				9,606,968
TOTAL COMMON STOCKS —
(Cost $49,418,914)				59,948,676
RIGHTS — 0.0% (d)
JAPAN — 0.0% (d)
Nichi-iko Pharmaceutical Co., Ltd. (expiring 1/24/14) (b) (Cost $13,934)		2,600		11,626
SHORT TERM INVESTMENTS — 1.2%
UNITED STATES — 1.2%
MONEY MARKET FUNDS — 1.2%
State Street Navigator Securities Lending Prime Portfolio (e)(f)		525,831		525,831
State Street Institutional Liquid Reserves Fund 0.06% (f)(g)		165,948		165,948
TOTAL SHORT TERM INVESTMENTS —
(Cost $691,779)				691,779
TOTAL INVESTMENTS — 100.6%
(Cost $50,124,627)				60,652,081
OTHER ASSETS & LIABILITIES — (0.6)%				(368,223	)
NET ASSETS — 100.0%			$	60,283,858

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(d)	Amount shown represents less than 0.05% of net assets.
(e)	Investments of cash collateral for securities loaned.
(f)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(g)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

156

SPDR S&P International Health Care Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Pharmaceuticals		76.0	%
Health Care Equipment & Supplies		9.5
Health Care Providers & Services		6.9
Biotechnology		6.1
Chemicals		0.5
Life Sciences Tools & Services		0.3
Health Care Technology		0.1
Short Term Investment		1.2
Other Assets & Liabilities		(0.6	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

157

SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.0%
AUSTRALIA — 2.9%
Bradken, Ltd. (a)		7,055	$	38,060
Brambles, Ltd.		16,146		132,172
GWA International, Ltd.		24,034		65,366
Leighton Holdings, Ltd. (a)		3,774		54,394
Qantas Airways, Ltd. (b)		33,846		33,157
Recall Holdings, Ltd. (b)		2,823		10,254
Seek, Ltd.		8,012		96,122
Toll Holdings, Ltd. (a)		18,392		93,461
Transurban Group (a)		35,596		217,826
				740,812
AUSTRIA — 0.4%
Andritz AG		759		47,681
Zumtobel AG		3,395		53,097
				100,778
CANADA — 4.7%
Bombardier, Inc. (Class B) (a)		20,067		87,067
CAE, Inc.		9,494		120,719
Canadian National Railway Co.		9,122		519,932
Canadian Pacific Railway, Ltd.		1,633		246,910
SNC-Lavalin Group, Inc.		2,886		129,809
Toromont Industries, Ltd.		3,580		89,795
				1,194,232
DENMARK — 1.6%
A P Moller — Maersk A/S		17		184,786
FLSmidth & Co. A/S		1,107		60,543
NKT Holding A/S		1,550		76,611
Vestas Wind Systems A/S (b)		3,236		95,751
				417,691
FINLAND — 2.3%
Caverion Corp. (b)		3,358		41,182
Kone Oyj (Class B) (a)		5,071		229,193
Metso Oyj (a)		2,604		111,305
Wartsila Oyj		3,010		148,360
YIT Oyj (a)		3,778		52,892
				582,932
FRANCE — 7.7%
Air France-KLM (a)(b)		5,480		57,283
Alstom SA		2,898		105,722
Bouygues SA		2,490		94,081
Bureau Veritas SA		2,239		65,546
Compagnie de Saint-Gobain		4,660		256,689
Eiffage SA		1,196		68,970
Legrand SA		2,550		140,762
Safran SA		2,202		153,260
Schneider Electric SA		5,692		497,264
Vallourec SA		1,522		83,051
Vinci SA		6,400		420,837
				1,943,465
GERMANY — 9.3%
Brenntag AG		533		98,967
Deutsche Lufthansa AG (b)		6,467		137,411
Deutsche Post AG		10,036		366,471
GEA Group AG		3,515		167,585
Hochtief AG		956		81,753
Kloeckner & Co. SE (b)		2,980		40,866
MAN SE		1,434		176,356
OSRAM Licht AG (b)		764		43,163
Pfeiffer Vacuum Technology AG		536		73,068
SGL Carbon AG		1,031		40,879
Siemens AG		8,357		1,143,376
				2,369,895
GREECE — 0.2%
DryShips, Inc. (b)		11,543		54,252
HONG KONG — 3.2%
Cathay Pacific Airways, Ltd.		33,000		69,799
Hopewell Highway Infrastructure, Ltd. (a)		263,500		125,399
Hutchison Whampoa, Ltd.		30,000		407,803
MTR Corp., Ltd.		15,000		56,779
Noble Group, Ltd.		79,951		67,755
Pacific Basin Shipping, Ltd.		113,000		80,883
				808,418
IRELAND — 0.4%
DCC PLC		1,868		91,857
ITALY — 0.9%
Ansaldo STS SpA		5,671		61,343
Atlantia SpA (a)		3,344		75,154
Autostrada Torino-Milano SpA		3,628		57,491
Finmeccanica SpA (b)		6,004		45,544
				239,532
JAPAN — 29.1%
Asahi Glass Co., Ltd.		16,000		99,558
Central Japan Railway Co.		1,900		223,795
Dai Nippon Printing Co., Ltd.		12,000		127,416
Daikin Industries, Ltd.		2,900		180,724
East Japan Railway Co.		4,400		350,811
FANUC Corp.		1,800		329,670
Furukawa Electric Co., Ltd.		18,000		45,212
Futaba Corp.		3,400		44,415
Hankyu Hanshin Holdings, Inc.		18,000		97,274
IHI Corp.		45,000		194,377
ITOCHU Corp.		19,000		234,822
JGC Corp.		2,000		78,493
Kajima Corp.		28,000		105,228
Kamigumi Co., Ltd.		13,000		119,233
Kawasaki Heavy Industries, Ltd.		34,000		142,657
Kawasaki Kisen Kaisha, Ltd.		23,000		58,209
Keikyu Corp.		4,000		32,996
Kintetsu Corp.		18,000		63,194
Kitano Construction Corp.		32,000		74,288
Kokuyo Co., Ltd.		13,000		95,362
Komatsu, Ltd.		11,100		225,686
Kubota Corp.		15,000		248,180
LIXIL Group Corp.		3,200		87,775
Makita Corp.		1,600		84,030
Marubeni Corp.		18,000		129,471
MISUMI Group, Inc.		4,800		150,935
Mitsubishi Corp.		16,200		310,883
Mitsubishi Electric Corp.		20,000		251,177
Mitsubishi Heavy Industries, Ltd.		46,000		284,915
Mitsui & Co., Ltd.		18,300		255,074
Mitsui OSK Lines, Ltd.		12,000		54,117
Nidec Corp.		1,300		127,396
Nippon Express Co., Ltd.		16,000		77,484
Nippon Sheet Glass Co., Ltd. (b)		9,000		11,731
Nippon Yusen K.K.		20,000		63,936

158

SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
NSK, Ltd.		4,000	$	49,779
Odakyu Electric Railway Co., Ltd.		12,000		108,577
Park24 Co., Ltd.		2,300		43,394
Secom Co., Ltd.		4,600		277,475
SMC Corp.		500		126,064
Sojitz Corp.		43,200		76,860
Sumitomo Corp.		15,900		199,837
Sumitomo Electric Industries, Ltd.		11,300		188,575
Sumitomo Heavy Industries, Ltd.		16,000		73,679
Taisei Corp.		12,000		54,574
THK Co., Ltd.		3,600		89,876
Tobu Railway Co., Ltd.		17,000		82,489
Tokyu Corp.		30,000		194,377
Toppan Printing Co., Ltd.		13,000		104,020
Toshiba Corp.		45,000		189,239
TOTO, Ltd.		3,000		47,581
Toyota Tsusho Corp.		2,400		59,438
West Japan Railway Co.		3,000		130,156
Yamato Holdings Co., Ltd.		11,000		222,501
				7,379,015
NETHERLANDS — 5.2%
Aalberts Industries NV		997		31,838
CNH Industrial NV (b)		4,805		54,855
European Aeronautic Defence and Space Co. NV		5,926		455,729
Koninklijke BAM Groep NV		6,135		31,981
Koninklijke Philips NV		12,663		464,928
Koninklijke Vopak NV		685		40,135
PostNL NV (b)		7,214		41,253
Randstad Holding NV		2,458		159,697
TNT Express NV		4,219		39,230
				1,319,646
NORWAY — 0.3%
Orkla ASA		9,238		72,054
SINGAPORE — 2.4%
Jardine Matheson Holdings, Ltd. (a)		2,438		127,532
Jardine Strategic Holdings, Ltd. (a)		1,502		48,064
K-Green Trust		109,800		90,877
Keppel Corp., Ltd. (a)		30,200		267,652
Keppel REIT		136		128
Neptune Orient Lines, Ltd. (a)(b)		65,750		58,584
Singapore Airlines, Ltd. (a)		3,000		24,735
				617,572
SOUTH KOREA — 2.9%
Daelim Industrial Co., Ltd. (b)		556		49,576
GS Engineering & Construction Corp. (b)		773		22,340
Hyundai Engineering & Construction Co., Ltd. (b)		1,458		83,859
Hyundai Heavy Industries Co., Ltd. (b)		702		170,952
LG Corp. (b)		1,859		112,736
Samsung C&T Corp.		2,097		120,413
Samsung Engineering Co., Ltd. (b)		472		29,518
Samsung Heavy Industries Co., Ltd.		2,340		84,367
SK Holdings Co., Ltd. (b)		413		74,746
				748,507
SPAIN — 1.7%
Abertis Infraestructuras SA (a)		4,951		110,179
ACS, Actividades de Construccion y Servicios SA		3,630		125,149
Ferrovial SA		4,153		80,489
International Consolidated Airlines Group SA (b)		16,331		108,571
				424,388
SWEDEN — 6.4%
Alfa Laval AB		7,273		186,847
Assa Abloy AB (Class B)		3,187		168,614
Atlas Copco AB		6,655		184,752
Atlas Copco AB (Class B)		4,016		102,048
B&B Tools AB		3,649		66,900
Sandvik AB		12,829		181,171
Scania AB (Class B)		3,171		62,160
Securitas AB (Class B)		9,408		100,121
Skanska AB (Class B)		4,236		86,664
SKF AB (Class B)		4,092		107,483
Trelleborg AB (Class B)		6,533		130,099
Volvo AB (Class A)		7,289		95,899
Volvo AB (Class B)		11,489		151,067
				1,623,825
SWITZERLAND — 6.2%
ABB, Ltd. (b)		25,839		682,183
Adecco SA (b)		2,508		199,095
Geberit AG		866		263,398
Kuehne & Nagel International AG		980		129,036
Schindler Holding AG		494		72,932
SGS SA		97		223,808
				1,570,452
UNITED KINGDOM — 11.2%
Aggreko PLC		4,570		129,355
Babcock International Group PLC		8,654		194,215
BAE Systems PLC		33,718		242,927
Bunzl PLC		3,410		81,893
Capita Group PLC		6,862		117,971
Experian PLC		16,853		310,948
FirstGroup PLC		28,461		58,263
G4S PLC		14,240		61,911
IMI PLC		3,308		83,553
Intertek Group PLC		1,656		86,342
Invensys PLC		10,323		86,941
Meggitt PLC		9,758		85,253
Melrose Industries PLC		13,035		65,998
Rentokil Initial PLC		55,001		105,488
Rolls-Royce Holdings PLC (b)		26,495		559,500
Serco Group PLC		12,199		100,861
Smiths Group PLC		7,134		174,872
The Weir Group PLC		2,138		75,495
Wolseley PLC		3,794		215,220
				2,837,006
TOTAL COMMON STOCKS —
(Cost $23,758,428)				25,136,329
SHORT TERM INVESTMENTS — 3.1%
UNITED STATES — 3.1%
MONEY MARKET FUNDS — 3.1%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		469,734		469,734

159

SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		305,835	$	305,835
TOTAL SHORT TERM INVESTMENTS —
(Cost $775,569)				775,569
TOTAL INVESTMENTS — 102.1%
(Cost $24,533,997)				25,911,898
OTHER ASSETS & LIABILITIES — (2.1)%				(525,878	)
NET ASSETS — 100.0%			$	25,386,020

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

PLC = Public Limited Company

160

SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Machinery		19.3	%
Industrial Conglomerates		12.1
Electrical Equipment		9.2
Road & Rail		8.8
Trading Companies & Distributors		8.8
Construction & Engineering		6.9
Aerospace & Defense		6.9
Commercial Services & Supplies		6.5
Professional Services		5.0
Building Products		4.6
Transportation Infrastructure		3.1
Air Freight & Logistics		3.1
Marine		2.6
Airlines		1.6
Food Products		0.3
Oil, Gas & Consumable Fuels		0.2
IT Services		0.0	***
Real Estate Investment Trusts		0.0	***
Short Term Investment		3.1
Other Assets & Liabilities		(2.1	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

*** Amount shown represents less than 0.05% of net assets.

161

SPDR S&P International Materials Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.6%
AUSTRALIA — 14.1%
Alumina, Ltd. (a)(b)		15,157	$	15,120
Amcor, Ltd.		5,294		49,968
Arrium, Ltd. (b)		17,332		27,136
BHP Billiton, Ltd. (b)		19,784		672,413
BlueScope Steel, Ltd. (a)(b)		4,040		21,036
Boral, Ltd. (b)		14,792		63,125
Fortescue Metals Group, Ltd. (b)		11,299		58,832
Iluka Resources, Ltd. (b)		4,596		35,485
Incitec Pivot, Ltd. (b)		11,189		26,827
Mineral Deposits, Ltd. (a)		871		2,182
Newcrest Mining, Ltd. (b)		4,810		33,565
Orica, Ltd.		4,061		86,687
Orora, Ltd. (a)(b)		5,294		5,494
OZ Minerals, Ltd. (b)		3,212		9,052
Rio Tinto, Ltd.		3,113		189,884
Sims Metal Management, Ltd. (a)(b)		2,260		22,019
				1,318,825
AUSTRIA — 1.1%
RHI AG (b)		1,586		49,292
Voestalpine AG		1,083		52,127
				101,419
BELGIUM — 2.1%
Solvay SA		449		71,150
Tessenderlo Chemie NV (b)(c)		1,994		49,142
Umicore		1,627		76,125
				196,417
CANADA — 12.2%
Agnico-Eagle Mines, Ltd.		1,324		34,929
Agrium, Inc.		1,326		121,268
Alacer Gold Corp.		1,106		2,259
Alamos Gold, Inc. (b)		688		8,334
AuRico Gold, Inc.		1,996		7,326
Barrick Gold Corp.		6,588		116,011
Centerra Gold, Inc.		964		3,919
Detour Gold Corp. (a)		817		3,153
Eldorado Gold Corp.		5,586		31,702
First Quantum Minerals, Ltd.		3,801		68,472
Franco-Nevada Corp.		1,000		40,743
Goldcorp, Inc.		5,929		128,569
HudBay Minerals, Inc.		1,388		11,417
IAMGOLD Corp.		2,325		7,724
Kinross Gold Corp.		7,463		32,662
Lundin Mining Corp. (a)		11,386		49,295
New Gold, Inc. (a)		2,068		10,822
Osisko Mining Corp. (a)		2,651		11,752
Pan American Silver Corp. (b)		1,366		15,955
Potash Corp. of Saskatchewan, Inc. (b)		6,353		209,395
SEMAFO, Inc. (b)		2,756		7,237
Sherritt International Corp. (b)		3,252		11,325
Silver Wheaton Corp.		2,287		46,170
Tanzanian Royalty Exploration Corp. (a)(b)		1,106		1,926
Teck Resources, Ltd. (Class B) (b)		3,617		94,127
Thompson Creek Metals Co., Inc. (a)		875		1,910
Turquoise Hill Resources, Ltd. (a)(b)		5,795		19,144
Yamana Gold, Inc.		4,910		42,330
				1,139,876
FINLAND — 2.1%
Rautaruukki Oyj		981		9,111
Stora Enso Oyj		8,513		85,574
UPM-Kymmene Oyj		6,010		101,696
				196,381
FRANCE — 4.9%
Air Liquide SA		2,225		315,178
Arkema		399		46,618
Eramet		28		2,712
Lafarge SA		1,297		97,349
				461,857
GERMANY — 12.0%
BASF SE		5,551		592,721
HeidelbergCement AG		852		64,747
K+S AG		1,305		40,235
Lanxess AG		922		61,586
Linde AG		1,099		230,259
Salzgitter AG (b)		499		21,315
Symrise AG		600		27,697
ThyssenKrupp AG (a)		3,463		84,414
				1,122,974
IRELAND — 1.4%
CRH PLC		5,319		134,126
ISRAEL — 0.2%
Israel Chemicals, Ltd.		2,640		22,004
ITALY — 0.1%
Buzzi Unicem SpA		739		13,350
JAPAN — 15.3%
Asahi Kasei Corp.		12,833		100,608
Denki Kagaku Kogyo Kabushiki Kaisha		10,855		44,822
JFE Holdings, Inc.		4,356		103,694
JSR Corp.		3,073		59,527
Kobe Steel, Ltd. (a)		34,641		59,325
Mitsubishi Chemical Holdings Corp.		10,902		50,410
Mitsubishi Materials Corp.		15,866		58,570
Mitsui Chemicals, Inc.		11,876		28,700
Mitsui Mining & Smelting Co., Ltd.		11,809		36,290
Nippon Steel Corp.		74,506		249,523
Nitto Denko Corp.		1,976		83,379
OJI Paper Co., Ltd.		8,000		41,026
Shin-Etsu Chemical Co., Ltd.		2,867		167,484
Sumitomo Chemical Co., Ltd.		13,838		54,243
Sumitomo Metal Mining Co., Ltd.		3,927		51,448
Taiheiyo Cement Corp.		18,744		72,048
Teijin, Ltd.		19,805		44,093
Toray Industries, Inc.		13,838		95,848
Ube Industries, Ltd.		15,866		33,965
				1,435,003
LUXEMBOURG — 1.2%
APERAM (a)		409		7,566
ArcelorMittal		5,720		102,228
				109,794
NETHERLANDS — 3.1%
Akzo Nobel NV		2,028		157,441
Koninklijke DSM NV		1,710		134,686
				292,127

162

SPDR S&P International Materials Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
NORWAY — 0.9%
Norsk Hydro ASA		4,272	$	19,061
Yara International ASA		1,477		63,542
				82,603
PORTUGAL — 0.5%
Semapa-Sociedade de Investimento e Gestao, SGPS, SA		4,209		47,228
SOUTH KOREA — 3.8%
Cheil Industries, Inc. (a)		400		33,543
Korea Zinc Co., Ltd. (a)		105		31,639
LG Chem, Ltd.		333		94,503
POSCO ADR		2,544		198,432
				358,117
SWEDEN — 0.9%
Boliden AB		3,754		57,544
SSAB AB, (Series A)		2,970		22,798
				80,342
SWITZERLAND — 8.7%
Givaudan SA (a)		86		123,196
Glencore Xstrata PLC (a)		61,715		319,627
Holcim, Ltd. (a)		1,654		124,141
Syngenta AG		629		251,218
				818,182
UNITED KINGDOM — 15.0%
Anglo American PLC		9,065		198,183
Antofagasta PLC		4,444		60,649
BHP Billiton PLC		13,253		410,251
Croda International PLC		800		32,555
Johnson Matthey PLC		1,551		84,258
Lonmin PLC (a)		1,756		8,972
Mondi PLC		2,000		34,649
Randgold Resources, Ltd.		956		60,010
Rexam PLC		4,500		39,539
Rio Tinto PLC		8,113		458,140
Vedanta Resources PLC		934		14,441
				1,401,647
TOTAL COMMON STOCKS —
(Cost $12,966,389)				9,332,272
RIGHTS — 0.1%
CANADA — 0.1%
Turquoise Hill Resources, Ltd. (expiring 1/7/14) (a) (Cost $28,312)		5,795		5,454
SHORT TERM INVESTMENTS — 6.8%
UNITED STATES — 6.8%
MONEY MARKET FUNDS — 6.8%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		537,730		537,730
State Street Institutional Liquid Reserves Fund 0.06% (e)(f)		100,421		100,421
TOTAL SHORT TERM INVESTMENTS —
(Cost $638,151)				638,151
TOTAL INVESTMENTS — 106.5%
(Cost $13,632,852)				9,975,877
OTHER ASSETS & LIABILITIES — (6.5)%				(609,855	)
NET ASSETS — 100.0%			$	9,366,022

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Security is valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. (See accompanying Notes to Schedules of Investments)
(d)	Investments of cash collateral for securities loaned.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

PLC = Public Limited Company

163

SPDR S&P International Materials Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Metals & Mining		45.7	%
Chemicals		39.8
Construction Materials		6.5
Oil, Gas & Consumable Fuels		3.4
Paper & Forest Products		3.3
Containers & Packaging		1.0
Short Term Investment		6.8
Other Assets & Liabilities		(6.5	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs except for Tessenderlo Chemie NV, which was Level 3 and part of the Chemicals Industry, representing 0.52% of net assets. (See accompanying Notes to Schedules of Investments)

164

SPDR S&P International Technology Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.7%
AUSTRALIA — 1.1%
carsales.com, Ltd.		3,865	$	35,235
Computershare, Ltd.		8,683		88,403
Iress, Ltd.		4,235		35,767
				159,405
BELGIUM — 0.2%
Barco NV		387		30,236
CANADA — 3.1%
Blackberry, Ltd. (a)		7,001		52,054
Celestica, Inc. (a)		3,713		38,580
CGI Group, Inc. (Class A) (a)		3,865		129,282
Constellation Software, Inc.		347		73,479
Davis & Henderson Corp.		1,800		50,468
Open Text Corp.		1,096		100,791
				444,654
DENMARK — 0.4%
SimCorp A/S		1,487		58,639
FINLAND — 3.1%
Nokia Oyj (a)		48,072		385,522
Tieto Oyj		2,427		54,980
				440,502
FRANCE — 4.5%
Alcatel-Lucent (a)		37,426		168,019
Atos Origin SA		913		82,768
Cap Gemini SA		2,183		147,786
Dassault Systemes SA		833		103,569
Ingenico (b)		713		57,259
Neopost SA		656		50,638
UbiSoft Entertainment SA (a)		2,533		35,881
				645,920
GERMANY — 10.4%
Aixtron SE (a)		1,989		28,819
Dialog Semiconductor PLC (a)(b)		1,196		25,767
Infineon Technologies AG		15,068		161,121
SAP AG		12,086		1,037,704
Software AG		887		31,045
United Internet AG		2,173		92,583
Wincor Nixdorf AG		806		55,942
Wirecard AG		1,411		55,830
				1,488,811
HONG KONG — 0.6%
ASM Pacific Technology, Ltd. (b)		5,249		43,935
VTech Holdings, Ltd.		2,871		37,286
				81,221
ISRAEL — 1.5%
Check Point Software Technologies, Ltd. (a)(b)		2,016		130,072
Ituran Location and Control, Ltd.		1,746		38,084
NICE Systems, Ltd.		1,039		42,566
				210,722
JAPAN — 33.0%
Advantest Corp.		3,078		38,275
Alps Electric Co., Ltd. (a)		4,447		50,560
Anritsu Corp.		2,400		26,419
Azbil Corp.		1,986		46,313
Brother Industries, Ltd.		4,248		58,079
Canon, Inc.		14,919		472,673
Citizen Holdings Co., Ltd.		5,355		45,141
Dainippon Screen Manufacturing Co., Ltd. (a)		5,937		33,666
DeNA Co., Ltd.		1,700		35,778
FUJIFILM Holdings Corp.		6,325		179,390
Fujitsu, Ltd. (a)		26,688		138,131
GungHo Online Entertainment, Inc. (a)		4,800		34,571
Hamamatsu Photonics K.K.		1,100		44,008
Hirose Electric Co., Ltd.		394		56,154
Hitachi High-Technologies Corp.		1,877		47,164
Hitachi, Ltd.		62,325		472,011
Horiba, Ltd.		1,086		37,094
Hoya Corp.		5,635		156,657
Ibiden Co., Ltd.		2,570		48,072
IT Holdings Corp.		2,179		34,394
Japan Digital Laboratory Co., Ltd.		1,883		26,407
Kakaku.com, Inc.		2,300		40,418
Keyence Corp.		592		253,461
Konami Corp.		1,785		41,252
Konica Minolta Holdings, Inc.		7,406		73,916
Kyocera Corp.		4,783		238,911
Mitsumi Electric Co., Ltd. (a)		2,179		18,182
Murata Manufacturing Co., Ltd.		2,769		246,063
NEC Corp.		36,578		82,479
Nexon Co., Ltd.		2,400		22,195
Nintendo Co., Ltd.		1,483		197,677
Nippon Electric Glass Co., Ltd.		6,933		36,411
Nomura Research Institute, Ltd.		2,072		65,351
NTT Data Corp.		2,292		84,610
Obic Co., Ltd.		2,790		82,422
Oki Electric Industry Co., Ltd. (a)		12,776		30,146
Omron Corp.		3,061		135,277
Otsuka Corp.		300		38,276
Ricoh Co., Ltd.		8,901		94,680
Rohm Co., Ltd.		1,580		76,967
SCSK Corp.		1,400		36,723
Seiko Epson Corp.		2,370		63,701
Shimadzu Corp.		5,000		43,528
Sumco Corp.		2,478		21,879
Taiyo Yuden Co., Ltd.		2,184		28,488
TDK Corp.		1,878		90,054
Tokyo Electron, Ltd.		2,470		135,362
Trend Micro, Inc. (a)		1,581		55,355
Wacom Co., Ltd.		2,800		19,660
Yahoo! Japan Corp.		22,519		125,338
Yaskawa Electric Corp.		5,912		93,541
Yokogawa Electric Corp.		3,835		58,927
				4,712,207
NETHERLANDS — 6.0%
ASM International NV		1,122		37,028
ASML Holding NV		5,788		542,658
Gemalto NV (b)		1,203		132,630
NXP Semiconductor NV (a)(b)		2,179		100,082
VistaPrint NV (a)(b)		810		46,049
				858,447
SINGAPORE — 1.0%
Flextronics International, Ltd. (a)(b)		11,644		90,474

165

SPDR S&P International Technology Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Venture Corp., Ltd. (b)		8,925	$	54,288
				144,762
SOUTH KOREA — 22.3%
LG Display Co., Ltd. ADR (a)(b)		7,208		87,505
LG Innotek Co., Ltd. (a)		267		21,176
NAVER Corp. (a)		354		242,854
NCSoft Corp. (a)		225		52,980
NHN Entertainment Corp. (a)		318		29,047
Partron Co., Ltd.		1,120		15,123
Sam Young Electronics Co., Ltd. (a)		3,700		32,746
Samsung Electro-Mechanics Co., Ltd.		835		57,758
Samsung Electronics Co., Ltd. GDR		3,455		2,256,115
Samsung SDI Co., Ltd.		496		76,138
Seoul Semiconductor Co., Ltd. (a)		748		28,634
SK C&C Co., Ltd. (a)		342		43,749
SK Hynix, Inc. (a)		6,980		243,392
				3,187,217
SPAIN — 1.8%
Amadeus IT Holding SA		5,192		222,535
Indra Sistemas SA (b)		2,079		34,821
				257,356
SWEDEN — 4.3%
Hexagon AB, (Class B)		3,528		111,675
Telefonaktiebolaget LM Ericsson (Class B)		41,289		504,653
				616,328
SWITZERLAND — 1.1%
Logitech International SA		2,724		37,521
STMicroelectronics NV		9,669		76,942
Temenos Group AG (a)		1,417		40,151
				154,614
UNITED KINGDOM — 5.3%
ARM Holdings PLC		18,323		333,518
Aveva Group PLC		1,486		53,260
Diploma PLC		4,452		49,772
Imagination Technologies Group PLC (a)(b)		3,887		11,453
Spectris PLC		2,246		95,268
Spirent Communications PLC		13,531		23,262
Telecity Group PLC		3,847		46,226
The Sage Group PLC		21,911		146,503
				759,262
TOTAL COMMON STOCKS —
(Cost $13,473,780)				14,250,303
SHORT TERM INVESTMENTS — 3.4%
UNITED STATES — 3.4%
MONEY MARKET FUNDS — 3.4%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		342,839		342,839
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		140,190		140,190
TOTAL SHORT TERM INVESTMENTS —
(Cost $483,029)				483,029
TOTAL INVESTMENTS — 103.1%
(Cost $13,956,809)				14,733,332
OTHER ASSETS & LIABILITIES — (3.1)%				(442,474	)
NET ASSETS — 100.0%			$	14,290,858

(a)	Non-income producing security.
(b)	A portion of the security was on loan at December 31, 2013.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

GDR = Global Depositary Receipt

PLC = Public Limited Company

166

SPDR S&P International Technology Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Semiconductors & Semiconductor Equipment		29.2	%
Electronic Equipment, Instruments & Components		23.1
Software		16.9
IT Services		10.1
Communications Equipment		8.6
Office Electronics		5.3
Internet Software & Services		4.5
Computers & Peripherals		2.0
Short Term Investment		3.4
Other Assets & Liabilities		(3.1	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

167

SPDR S&P International Telecommunications Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.5%
AUSTRALIA — 3.1%
Telstra Corp., Ltd.		242,349	$	1,138,291
TPG Telecom, Ltd.		16,873		80,308
				1,218,599
AUSTRIA — 0.3%
Telekom Austria AG		13,970		105,952
BELGIUM — 0.6%
Belgacom SA (a)		7,566		224,202
CANADA — 5.3%
BCE, Inc.		10,888		471,342
Bell Aliant, Inc. (a)		6,694		168,405
Rogers Communications, Inc. (Class B)		20,330		919,932
TELUS Corp. (b)		2,106		72,466
TELUS Corp. (a)(b)		13,600		468,384
				2,100,529
DENMARK — 0.8%
TDC A/S		34,893		338,998
FINLAND — 0.6%
Elisa Oyj		9,128		242,251
FRANCE — 9.1%
France Telecom SA		124,969		1,549,809
Iliad SA		1,269		260,369
Vivendi SA		68,559		1,809,589
				3,619,767
GERMANY — 6.8%
Deutsche Telekom AG		140,548		2,407,294
Freenet AG (c)		6,432		193,035
Telefonica Deutschland Holding AG		11,915		98,510
				2,698,839
GREECE — 0.4%
Hellenic Telecommunications Organization SA (c)		11,562		154,061
HONG KONG — 0.6%
HKT Trust/HKT, Ltd.		130,869		129,287
PCCW, Ltd.		269,000		120,384
				249,671
ISRAEL — 0.4%
Bezeq The Israeli Telecommunication Corp., Ltd.		104,898		177,852
ITALY — 2.0%
Telecom Italia SpA (b)		515,949		512,596
Telecom Italia SpA (b)		346,864		271,960
				784,556
JAPAN — 20.1%
KDDI Corp.		30,177		1,857,621
Nippon Telegraph & Telephone Corp.		23,013		1,239,271
NTT DoCoMo, Inc.		72,887		1,196,233
Softbank Corp.		42,159		3,690,241
				7,983,366
LUXEMBOURG — 1.2%
COLT Telecom Group SA (c)		50,537		107,473
Millicom International Cellular SA		3,610		360,011
				467,484
NETHERLANDS — 1.6%
Koninklijke (Royal) KPN NV (c)		170,126		549,258
Ziggo NV		2,150		98,358
				647,616
NEW ZEALAND — 0.3%
Telecom Corporation of New Zealand, Ltd. (a)		71,060		134,810
NORWAY — 2.3%
Telenor ASA		37,620		896,652
PORTUGAL — 0.5%
Portugal Telecom SGPS SA		45,635		198,709
SINGAPORE — 3.4%
Singapore Telecommunications, Ltd.		412,539		1,195,860
StarHub, Ltd.		52,000		176,683
				1,372,543
SOUTH KOREA — 2.1%
KT Corp. ADR (c)		15,307		227,615
LG Uplus Corp. (c)		10,900		111,030
SK Telecom Co., Ltd. ADR (a)		20,041		493,409
				832,054
SPAIN — 7.5%
Telefonica SA		183,396		2,990,828
SWEDEN — 2.9%
Tele2 AB		16,967		192,453
TeliaSonera AB		116,132		968,279
				1,160,732
SWITZERLAND — 1.5%
Swisscom AG		1,139		603,087
UNITED KINGDOM — 26.1%
BT Group PLC		366,667		2,304,065
Cable & Wireless Communications PLC		146,176		136,184
Inmarsat PLC		27,391		342,969
Jazztel PLC (c)		11,615		124,502
TalkTalk Telecom Group PLC		30,372		153,929
Vodafone Group PLC		1,866,920		7,328,239
				10,389,888
TOTAL COMMON STOCKS —
(Cost $33,186,127)				39,593,046
SHORT TERM INVESTMENTS — 2.0%
UNITED STATES — 2.0%
MONEY MARKET FUNDS — 2.0%
State Street Navigator Securities Lending Prime Portfolio (d)(e)		441,887		441,887
State Street Institutional Liquid Reserves Fund 0.06% (e)(f)		344,233		344,233
TOTAL SHORT TERM INVESTMENTS —
(Cost $786,120)				786,120
TOTAL INVESTMENTS — 101.5%
(Cost $33,972,247)				40,379,166
OTHER ASSETS & LIABILITIES — (1.5)%				(607,879	)
NET ASSETS — 100.0%			$	39,771,287

168

SPDR S&P International Telecommunications Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.
(c)	Non-income producing security.
(d)	Investments of cash collateral for securities loaned.
(e)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(f)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

PLC = Public Limited Company

169

SPDR S&P International Telecommunications Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Diversified Telecommunication Services		58.3	%
Wireless Telecommunication Services		41.2
Short Term Investment		2.0
Other Assets & Liabilities		(1.5	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

170

SPDR S&P International Utilities Sector ETF
SCHEDULE OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 99.6%
AUSTRALIA — 3.3%
AGL Energy, Ltd.		50,686	$	681,553
APA Group (a)		83,959		450,683
DUET Group (a)		105,093		188,043
Energy World Corp., Ltd. (a)(b)		42,076		14,304
Envestra, Ltd.		84,449		86,130
SP AusNet (a)		165,828		184,706
Spark Infrastructure Group (a)		108,249		157,373
				1,762,792
AUSTRIA — 0.5%
EVN AG		2,632		41,835
Verbund AG		9,416		201,303
				243,138
BELGIUM — 0.2%
Elia System Operator SA/NV		2,539		117,903
CANADA — 5.1%
Algonquin Power & Utilities Corp. (a)		15,441		106,670
ATCO, Ltd. (Class I) (a)		7,090		311,360
Atlantic Power Corp.		10,529		36,765
Canadian Utilities, Ltd. (Class A)		11,565		388,258
Capital Power Corp. (a)		6,659		133,493
Emera, Inc.		12,157		349,778
Fortis, Inc. (a)		20,675		592,521
Innergex Renewable Energy, Inc.		8,700		86,795
Just Energy Group, Inc. (a)		7,011		50,149
Northland Power, Inc. (a)		8,065		117,502
Superior Plus Corp.		11,500		133,671
TransAlta Corp. (a)		27,391		347,511
Valener, Inc.		3,459		49,582
				2,704,055
CHINA — 1.0%
ENN Energy Holdings, Ltd.		70,000		517,750
FINLAND — 1.7%
Fortum Oyj		39,811		912,281
FRANCE — 10.6%
EDF SA		27,062		957,795
GDF Suez		138,966		3,273,490
Rubis		3,050		193,473
Sechilienne-Sidec SA		1,521		35,315
Suez Environnement Co.		26,519		475,958
Veolia Environnement SA		42,166		688,807
				5,624,838
GERMANY — 9.7%
E.ON AG		183,003		3,382,846
RWE AG		47,085		1,726,152
				5,108,998
GREECE — 0.3%
Public Power Corp. SA		10,397		154,727
HONG KONG — 7.5%
Cheung Kong Infrastructure Holdings, Ltd.		52,000		328,280
CLP Holdings, Ltd.		176,500		1,395,383
Hong Kong & China Gas Co., Ltd.		531,021		1,217,676
Hongkong Electric Holdings, Ltd.		118,000		938,217
Towngas China Co., Ltd.		76,000		88,117
				3,967,673
ITALY — 9.7%
A2A SpA		135,366		158,642
ACEA SpA		4,090		46,636
Enel Green Power SpA		138,833		350,279
Enel SpA		593,395		2,595,279
Hera SpA		61,201		139,148
Iren SpA		57,192		87,713
Snam Rete Gas SpA		188,655		1,056,986
Terna Rete Elettrica Nationale SpA		140,895		705,139
				5,139,822
JAPAN — 13.2%
Chubu Electric Power Co., Inc.		64,688		836,411
Electric Power Development Co., Ltd.		12,500		364,516
Hokkaido Electric Power Co., Inc. (b)		17,400		200,148
Hokuriku Electric Power Co.		22,494		305,399
Japan Wind Development Co., Ltd. (b)		700		5,188
Kyushu Electric Power Co., Inc. (b)		47,092		601,279
Osaka Gas Co., Ltd.		174,958		687,481
Saibu Gas Co., Ltd.		31,000		72,851
Shikoku Electric Power Co., Inc. (b)		17,500		262,238
Shizuoka Gas Co., Ltd.		1,500		8,934
The Chugoku Electric Power Co., Inc.		29,487		458,977
The Kansai Electric Power Co., Inc. (b)		76,498		879,940
The Okinawa Electric Power Co., Inc.		500		16,840
The Tokyo Electric Power Co., Inc. (b)		73,499		361,534
Toho Gas Co., Ltd.		58,000		282,537
Tohoku Electric Power Co., Inc. (b)		52,872		595,096
Tokyo Gas Co., Ltd.		215,958		1,064,328
				7,003,697
NEW ZEALAND — 0.7%
Contact Energy, Ltd.		32,620		137,729
Infratil, Ltd.		55,021		102,797
Mighty River Power, Ltd.		61,458		107,742
Vector, Ltd. (a)		22,412		47,407
				395,675
PORTUGAL — 1.5%
EDP — Energias de Portugal SA		209,687		771,465
SINGAPORE — 0.1%
Hyflux, Ltd.		51,000		47,260
SOUTH KOREA — 1.6%
Korea Electric Power Corp. ADR (b)		49,947		829,620
SPAIN — 10.5%
Acciona SA (a)		2,756		158,608
EDP Renovaveis SA		18,349		97,621
Enagas SA		21,033		550,521
Endesa SA (a)(b)		8,163		262,083
Gas Natural SDG SA		32,032		825,169
Iberdrola SA		469,276		2,997,170
Red Electrica Corporacion SA (a)		9,897		661,422
				5,552,594
SWITZERLAND — 0.1%
Alpiq Holding AG (b)		423		58,264
UNITED KINGDOM — 22.3%
APR Energy PLC (a)		4,457		70,128
Centrica PLC		481,860		2,774,924

171

SPDR S&P International Utilities Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

Security Description	Shares		Value
Drax Group PLC		40,048	$	530,967
National Grid PLC		352,502		4,600,589
Pennon Group PLC		34,642		377,819
Scottish & Southern Energy PLC		87,648		1,988,787
Severn Trent PLC		21,794		615,442
Telecom Plus PLC		4,955		145,259
United Utilities Group PLC		62,362		693,572
				11,797,487
TOTAL COMMON STOCKS —
(Cost $51,278,536)				52,710,039
SHORT TERM INVESTMENTS — 4.3%
UNITED STATES — 4.3%
MONEY MARKET FUNDS — 4.3%
State Street Navigator Securities Lending Prime Portfolio (c)(d)		1,763,140		1,763,140
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)		485,465		485,465
TOTAL SHORT TERM INVESTMENTS —
(Cost $2,248,605)				2,248,605
TOTAL INVESTMENTS — 103.9%
(Cost $53,527,141)				54,958,644
OTHER ASSETS & LIABILITIES — (3.9)%				(2,040,073	)
NET ASSETS — 100.0%			$	52,918,571

(a)	A portion of the security was on loan at December 31, 2013.
(b)	Non-income producing security.
(c)	Investments of cash collateral for securities loaned.
(d)	Affiliated Fund managed by SSgA Funds Management, Inc. (See accompanying Notes to Schedules of Investments)
(e)	The rate shown is the annualized seven-day yield at period end.

ADR = American Depositary Receipt

PLC = Public Limited Company

172

SPDR S&P International Utilities Sector ETF
SCHEDULE OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*

	PERCENT OF
INDUSTRY **	NET ASSETS
Electric Utilities		42.0	%
Multi-Utilities		36.4
Gas Utilities		13.6
Independent Power Producers & Energy Traders		4.3
Water Utilities		3.3
Short Term Investment		4.3
Other Assets & Liabilities		(3.9	)
TOTAL		100.0	%

*	The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time.
**	Each security is valued based on Level 1 inputs. (See accompanying Notes to Schedules of Investments)

173

SPDR INDEX SHARES FUNDS
NOTES TO SCHEDULES OF INVESTMENTS

December 31, 2013 (Unaudited)

Security Valuation

The value of each Fund’s portfolio securities, including exchange-traded futures contracts, is based on the securities’ last sale price on local markets when available. Investments in open-end investment companies are valued at their net asset value each business day. If a security’s market price is not readily available or does not otherwise accurately reflect the fair value of the security, the security will be valued by another method that the Board of Trustees of the Trust (the “Board”) believes will better reflect fair value in accordance with the Trust’s valuation policies and procedures. The Board has delegated the process of valuing securities for which market quotations are not readily available or do not otherwise accurately reflect the fair value of the security to the Pricing and Investment Committee (the “Committee”). The Committee, subject to oversight by the Board, may use fair value pricing in a variety of circumstances, including, but not limited to, situations when trading in a security has been suspended or halted. Fair value pricing involves subjective judgments and it is possible that the fair value determination for a security is materially different than the value that could be received on the sale of the security.

The Funds continue to follow the authoritative guidance for fair value measurements and the fair value option for financial assets and financial liabilities. The guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The guidance establishes three levels of inputs that may be used to measure fair value:

•  Level 1 — quoted prices in active markets for identical investments.

•  Level 2 — other significant observable inputs (including, but not limited to, quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•  Level 3 — significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which the Funds’ net assets are computed and that may materially affect the value of the Funds’ investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict, acts of terrorism, and significant market fluctuations.

Fair value pricing could result in a difference between the prices used to calculate a Fund’s net asset value and the prices used by the Funds’ benchmark index, which, in turn, could result in a difference between the Fund’s performance and the performance of the Fund’s benchmark index. The inputs or methodology used for valuation are not necessarily an indication of the risks associated with investing in those investments.

The type of inputs used to value each security is identified in the breakdown of the Funds’ investments by industry, which appears in the Portfolio Summary.

The following table summarizes the inputs used in valuing the Funds’ investments as of December 31, 2013:

			Level 2 —		Level 3 —
	Level 1 —		Other Significant		Significant
	Quoted		Observable		Unobservable
Fund	Prices		Inputs		Inputs		Total
SPDR STOXX Europe 50 ETF	$	183,743,143	$	—	$	—	$	183,743,143
SPDR EURO STOXX 50 ETF		4,938,785,358		—		—		4,938,785,358
SPDR S&P Emerging Asia Pacific ETF		411,950,694		738,837		13		412,689,544

174

SPDR INDEX SHARES FUNDS
NOTES TO SCHEDULES OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

			Level 2 —			Level 3 —
	Level 1 —		Other Significant			Significant
	Quoted		Observable			Unobservable
Fund	Prices		Inputs			Inputs			Total
SPDR S&P Small Cap Emerging Asia Pacific ETF	$	2,325,751	$	7,017		$	—		$	2,332,768
SPDR S&P Russia ETF		33,867,840		—			—			33,867,840
SPDR S&P China ETF		971,632,359		992,779			—	**		972,625,138
SPDR S&P Emerging Markets ETF		251,285,345		279,906			88,981			251,654,232
SPDR S&P Emerging Markets Dividend ETF		566,397,367		—			—			566,397,367
SPDR S&P BRIC 40 ETF		249,378,642		—			—			249,378,642
SPDR S&P Emerging Europe ETF		86,303,453		—			—			86,303,453
SPDR S&P Emerging Latin America ETF		64,953,545		—	*		—	**		64,953,545
SPDR S&P Emerging Middle East & Africa ETF		75,409,616		—			—			75,409,616
SPDR S&P World ex-US ETF		861,102,103		—			—	**		861,102,103
SPDR S&P International Small Cap ETF		914,248,170		80,578			1,219,918			915,548,666
SPDR Dow Jones International Real Estate ETF		4,385,470,068		—			—	**		4,385,470,068
SPDR S&P Global Infrastructure ETF		86,474,858		—			—			86,474,858
SPDR S&P Global Natural Resources ETF		517,749,408		—			—			517,749,408
SPDR MSCI ACWI ex-US ETF		517,890,434		—			—			517,890,434
SPDR MSCI ACWI IMI ETF		14,446,803		—			—			14,446,803
SPDR MSCI EM 50 ETF		2,633,554		—			—			2,633,554
SPDR MSCI EM Beyond BRIC ETF		6,043,029		5,540			—			6,048,569
SPDR Russell/Nomura PRIME Japan ETF		146,869,005		—			—			146,869,005
SPDR Russell/Nomura Small Cap Japan ETF		97,076,196		—	*		—	**		97,076,196
SPDR S&P Global Dividend ETF		11,944,699		—			—			11,944,699
SPDR S&P International Dividend ETF		1,489,710,945		—			—			1,489,710,945
SPDR S&P International Mid Cap ETF		59,953,214		—			21,773			59,974,987
SPDR S&P Emerging Markets Small Cap ETF		760,218,111		2,438,981			—	**		762,657,092
SPDR Dow Jones Global Real Estate ETF		1,027,311,410		—			—	**		1,027,311,410
SPDR S&P International Consumer Discretionary Sector ETF		24,428,556		—			—			24,428,556
SPDR S&P International Consumer Staples Sector ETF		38,493,965		—			—			38,493,965
SPDR S&P International Energy Sector ETF		14,217,731		—			—			14,217,731
SPDR S&P International Financial Sector ETF		8,203,556		—			—			8,203,556
SPDR S&P International Health Care Sector ETF		60,652,081		—			—			60,652,081
SPDR S&P International Industrial Sector ETF		25,911,898		—			—			25,911,898
SPDR S&P International Materials Sector ETF		9,926,735		—			49,142			9,975,877
SPDR S&P International Technology Sector ETF		14,733,332		—			—			14,733,332
SPDR S&P International Telecommunications Sector ETF		40,379,166		—			—			40,379,166
SPDR S&P International Utilities Sector ETF		54,958,644		—			—			54,958,644

*	Fund held Level 2 securities that were valued at $0 at December 31, 2013.
**	Fund held Level 3 securities that were valued at $0 at December 31, 2013.

175

SPDR INDEX SHARES FUNDS
NOTES TO SCHEDULES OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

			Level 2 —		Level 3 —
	Level 1 —		Other Significant		Significant
	Quoted		Observable		Unobservable
Fund — Other Financial Instruments*	Prices		Inputs		Inputs		Total
SPDR S&P Emerging Markets ETF	$	45,121	$	—	$	—	$	45,121

* Other Financial Instruments are derivative instruments not reflected in the Schedules of Investments, such as futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

There were no material transfers between levels for the period ended December 31, 2013. The transfers that did occur were the result of fair value pricing using significant observable inputs for Level 2 securities and significant unobservable inputs for Level 3 securities.

The following is a summary of the fair valuations of the Fund’s derivative instruments categorized by risk exposure at December 31, 2013:

Asset Derivatives

Interest

Foreign

Rate

Exchange

Credit

Equity

Commodity

Other

Contracts

Contracts

Contracts

Contracts

Contracts

Contracts

Risk

Risk

Risk

Risk

Risk

Risk

Total

SPDR S&P Emerging Markets ETF

Futures Contract

$

—

$

—

$

—

$

45,121

$

—

$

—

$

45,121

Transactions with Affiliates

Each Fund may invest in certain money market funds managed by SSgA Funds Management, Inc. (“SSgA FM” or the “Adviser”), including the State Street Institutional Liquid Reserves Fund-Institutional Class (“Liquid Reserves Fund”), a series of State Street Institutional Investment Trust. The Liquid Reserves Fund is a feeder fund in a master/feeder fund structure that invests substantially all of its assets in the State Street Money Market Portfolio (“Master Portfolio”). The Liquid Reserves Fund does not pay an investment advisory fee to the Adviser, but the Master Portfolio in which it invests pays an investment advisory fee to the Adviser. The Liquid Reserves Fund intends to declare dividends on shares from net investment income daily and pay them as of the last business day of each month. All income distributions earned by the Funds from affiliated money market funds are recorded as dividend income on securities of affiliated issuers. In addition, cash collateral from lending activities is invested in State Street Navigator Securities Lending Portfolio (“Prime Portfolio”), for which SSgA FM serves as the investment adviser.

Amounts related to investments in Liquid Reserves Fund and/or Prime Portfolio at December 31, 2013 and for the period then ended are:

	Value at		Purchased				Sold				Value at
Liquid Reserves Fund	9/30/13		Cost		Shares		Proceeds		Shares		12/31/13		Income
SPDR STOXX Europe 50 ETF	$	501,528	$	810,149		810,149	$	546,426		546,426	$	765,251	$	7
SPDR EURO STOXX 50 ETF		7,923,052		24,061,145		24,061,145		10,042,936		10,042,936		21,941,261		281
SPDR S&P Emerging Asia Pacific ETF		1,452,271		7,558,831		7,558,831		4,149,865		4,149,865		4,861,237		273
SPDR S&P Small Cap Emerging Asia Pacific ETF		361		229,625		229,625		8,331		8,331		221,655		7
SPDR S&P Russia ETF		—		591,628		591,628		53,206		53,206		538,422		37
SPDR S&P China ETF		15,502		5,396,299		5,396,299		367,930		367,930		5,043,871		108
SPDR S&P Emerging Markets ETF		1,227,230		9,586,204		9,586,204		7,172,746		7,172,746		3,640,688		338
SPDR S&P Emerging Markets Dividend ETF		8,225,333		9,239,510		9,239,510		12,757,740		12,757,740		4,707,103		131
SPDR S&P BRIC 40 ETF		762,677		4,280,927		4,280,927		3,700,358		3,700,358		1,343,246		89
SPDR S&P Emerging Europe ETF		42,146		2,154,418		2,154,418		1,617,266		1,617,266		579,298		38
SPDR S&P Emerging Latin America ETF		115,178		679,751		679,751		794,929		794,929		—		33

176

SPDR INDEX SHARES FUNDS
NOTES TO SCHEDULES OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

	Value at		Purchased				Sold				Value at
Liquid Reserves Fund	9/30/13		Cost		Shares		Proceeds		Shares		12/31/13		Income
SPDR S&P Emerging Middle East & Africa ETF	$	1,692	$	1,157,569		1,157,569	$	101,637		101,637	$	1,057,624	$	27
SPDR S&P World ex-US ETF		1,104,348		9,890,744		9,890,744		3,103,088		3,103,088		7,892,004		125
SPDR S&P International Small Cap ETF		480,956		22,687,469		22,687,469		2,457,980		2,457,980		20,710,445		786
SPDR Dow Jones International Real Estate ETF		35,547,697		101,485,577		101,485,577		46,787,884		46,787,884		90,245,390		1,276
SPDR S&P Global Infrastructure ETF		54,923		1,604,201		1,604,201		361,510		361,510		1,297,614		18
SPDR S&P Global Natural Resources ETF		1,162,069		5,749,149		5,749,149		1,326,899		1,326,899		5,584,319		171
SPDR MSCI ACWI ex-US ETF		822,596		5,784,255		5,784,255		975,236		975,236		5,631,615		124
SPDR MSCI ACWI IMI ETF		31,336		230,117		230,117		6,222		6,222		255,231		9
SPDR MSCI EM 50 ETF		7,495		26,135		26,135		17,309		17,309		16,321		1
SPDR MSCI EM Beyond BRIC ETF		—		2,194,307		2,194,307		2,174,020		2,174,020		20,287		11
SPDR Russell/Nomura PRIME Japan ETF		218,191		1,099,819		1,099,819		125,577		125,577		1,192,433		31
SPDR Russell/Nomura Small Cap Japan ETF		98,208		1,807,013		1,807,013		133,274		133,274		1,771,947		24
SPDR S&P Global Dividend ETF		61,163		113,433		113,433		59,616		59,616		114,980		3
SPDR S&P International Dividend ETF		16,704,185		18,655,976		18,655,976		19,459,478		19,459,478		15,900,683		207
SPDR S&P International Mid Cap ETF		91,706		4,170,168		4,170,168		197,742		197,742		4,064,132		36
SPDR S&P Emerging Markets Small Cap ETF		9,061,414		24,375,006		24,375,006		23,333,097		23,333,097		10,103,323		431
SPDR Dow Jones Global Real Estate ETF		8,826,471		15,587,832		15,587,832		13,374,458		13,374,458		11,039,845		296
SPDR S&P International Consumer Discretionary Sector ETF		27,262		184,086		184,086		77,439		77,439		133,909		5
SPDR S&P International Consumer Staples Sector ETF		201,536		173,382		173,382		229,815		229,815		145,103		9
SPDR S&P International Energy Sector ETF		125,388		110,582		110,582		126,591		126,591		109,379		4
SPDR S&P International Financial Sector ETF		28,813		204,044		204,044		32,070		32,070		200,787		1
SPDR S&P International Health Care Sector ETF		109,397		174,508		174,508		117,957		117,957		165,948		1
SPDR S&P International Industrial Sector ETF		63,911		431,035		431,035		189,111		189,111		305,835		14
SPDR S&P International Materials Sector ETF		48,218		107,294		107,294		55,091		55,091		100,421		2
SPDR S&P International Technology Sector ETF		32,199		174,585		174,585		66,594		66,594		140,190		3
SPDR S&P International Telecommunications Sector ETF		433,837		351,937		351,937		441,541		441,541		344,233		4
SPDR S&P International Utilities Sector ETF		405,720		466,555		466,555		386,810		386,810		485,465		9

	Value at		Purchased				Sold				Value at
Prime Portfolio	9/30/13		Cost		Shares		Proceeds		Shares		12/31/13		Income
SPDR STOXX Europe 50 ETF	$	2,491,832	$	13,894,289		13,894,289	$	16,386,121		16,386,121	$	—	$	8,471
SPDR EURO STOXX 50 ETF		115,479,471		422,890,996		422,890,996		537,675,553		537,675,553		694,914		434,535
SPDR S&P Emerging Asia Pacific ETF		21,583,792		12,149,335		12,149,335		15,051,542		15,051,542		18,681,585		32,975
SPDR S&P Small Cap Emerging Asia Pacific ETF		81,345		100,058		100,058		90,547		90,547		90,856		573
SPDR S&P Russia ETF		447,919		3,087,896		3,087,896		3,507,548		3,507,548		28,267		305
SPDR S&P China ETF		100,375,105		41,658,501		41,658,501		61,818,445		61,818,445		80,215,161		233,470
SPDR S&P Emerging Markets ETF		15,039,490		17,442,690		17,442,690		17,984,862		17,984,862		14,497,318		19,177
SPDR S&P Emerging Markets Dividend ETF		64,648,844		57,663,583		57,663,583		68,797,449		68,797,449		53,514,978		210,408
SPDR S&P BRIC 40 ETF		11,751,632		40,665,680		40,665,680		40,822,903		40,822,903		11,594,409		6,458
SPDR S&P Emerging Europe ETF		3,486,432		6,918,286		6,918,286		8,531,833		8,531,833		1,872,885		967
SPDR S&P Emerging Latin America ETF		11,046,198		15,926,383		15,926,383		18,082,088		18,082,088		8,890,493		8,650
SPDR S&P Emerging Middle East & Africa ETF		8,586,936		5,020,003		5,020,003		7,179,364		7,179,364		6,427,575		7,719
SPDR S&P World ex-US ETF		56,101,398		40,325,330		40,325,330		67,829,972		67,829,972		28,596,756		67,834
SPDR S&P International Small Cap ETF		89,616,860		27,876,506		27,876,506		53,951,815		53,951,815		63,541,551		133,006
SPDR Dow Jones International Real Estate ETF		106,184,532		374,588,930		374,588,930		322,820,255		322,820,255		157,953,207		143,533

177

SPDR INDEX SHARES FUNDS
NOTES TO SCHEDULES OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

	Value at		Purchased				Sold				Value at
Prime Portfolio	9/30/13		Cost		Shares		Proceeds		Shares		12/31/13		Income
SPDR S&P Global Infrastructure ETF	$	8,057,213	$	27,838,722		27,838,722	$	26,257,968		26,257,968	$	9,637,967	$	10,312
SPDR S&P Global Natural Resources ETF		31,623,253		98,703,246		98,703,246		112,825,813		112,825,813		17,500,686		27,508
SPDR MSCI ACWI ex-US ETF		39,684,611		29,823,260		29,823,260		52,252,169		52,252,169		17,255,702		36,491
SPDR MSCI ACWI IMI ETF		869,026		3,871,671		3,871,671		2,859,081		2,859,081		1,881,616		603
SPDR MSCI EM 50 ETF		92,838		809,662		809,662		692,695		692,695		209,805		83
SPDR Russell/Nomura PRIME Japan ETF		28,480,765		7,361,685		7,361,685		27,890,311		27,890,311		7,952,139		4,673
SPDR Russell/Nomura Small Cap Japan ETF		20,324,113		2,732,933		2,732,933		15,193,297		15,193,297		7,863,749		27,741
SPDR S&P Global Dividend ETF		1,642,756		3,464,714		3,464,714		2,953,349		2,953,349		2,154,121		4,084
SPDR S&P International Dividend ETF		169,072,196		128,458,017		128,458,017		145,170,215		145,170,215		152,359,998		495,252
SPDR S&P International Mid Cap ETF		5,111,266		2,291,438		2,291,438		2,888,159		2,888,159		4,514,545		5,304
SPDR S&P Emerging Markets Small Cap ETF		32,762,843		28,444,300		28,444,300		26,233,726		26,233,726		34,973,417		214,623
SPDR Dow Jones Global Real Estate ETF		36,032,319		71,382,791		71,382,791		71,620,390		71,620,390		35,794,720		32,839
SPDR S&P International Consumer Discretionary Sector ETF		586,985		996,901		996,901		1,010,337		1,010,337		573,549		956
SPDR S&P International Consumer Staples Sector ETF		431,089		3,426,863		3,426,863		3,279,237		3,279,237		578,715		1,737
SPDR S&P International Energy Sector ETF		848,710		3,345,878		3,345,878		3,001,886		3,001,886		1,192,702		1,784
SPDR S&P International Financial Sector ETF		319,909		665,538		665,538		784,567		784,567		200,880		462
SPDR S&P International Health Care Sector ETF		301,903		743,040		743,040		519,112		519,112		525,831		1,465
SPDR S&P International Industrial Sector ETF		284,325		881,221		881,221		695,812		695,812		469,734		873
SPDR S&P International Materials Sector ETF		532,054		999,240		999,240		993,564		993,564		537,730		446
SPDR S&P International Technology Sector ETF		139,316		1,190,871		1,190,871		987,348		987,348		342,839		450
SPDR S&P International Telecommunications Sector ETF		1,185,249		4,164,697		4,164,697		4,908,059		4,908,059		441,887		4,571
SPDR S&P International Utilities Sector ETF		1,320,157		4,309,145		4,309,145		3,866,162		3,866,162		1,763,140		12,093

Aggregate Unrealized Appreciation and Depreciation

The identified cost of investments in securities owned by each Fund for federal income tax purposes was substantially the same as cost for financial reporting purposes. Accordingly, gross unrealized appreciation and depreciation at December 31, 2013 was as follows:

			Gross		Gross		Net Unrealized
	Identified		Unrealized		Unrealized		Appreciation
	Cost		Appreciation		Depreciation		(Depreciation)
SPDR STOXX Europe 50 ETF	$	170,858,204	$	16,309,037	$	3,424,098	$	12,884,939
SPDR EURO STOXX 50 ETF		4,188,358,986		752,690,565		2,264,193		750,426,372
SPDR S&P Emerging Asia Pacific ETF		388,066,416		78,968,783		54,345,655		24,623,128
SPDR S&P Small Cap Emerging Asia Pacific ETF		2,174,722		369,776		211,730		158,046
SPDR S&P Russia ETF		43,621,442		1,508,005		11,261,607		(9,753,602	)
SPDR S&P China ETF		970,216,090		109,432,425		107,023,377		2,409,048
SPDR S&P Emerging Markets ETF		265,979,483		22,888,962		37,214,213		(14,325,251	)
SPDR S&P Emerging Markets Dividend ETF		609,078,692		28,203,343		70,884,668		(42,681,325	)
SPDR S&P BRIC 40 ETF		275,053,355		23,901,044		49,575,757		(25,674,713	)
SPDR S&P Emerging Europe ETF		111,659,514		8,550,380		33,906,441		(25,356,061	)
SPDR S&P Emerging Latin America ETF		84,204,979		7,112,720		26,364,154		(19,251,434	)
SPDR S&P Emerging Middle East & Africa ETF		82,525,605		12,725,450		19,841,439		(7,115,989	)
SPDR S&P World ex-US ETF		731,220,464		148,303,031		18,421,392		129,881,639

178

SPDR INDEX SHARES FUNDS
NOTES TO SCHEDULES OF INVESTMENTS (continued)

December 31, 2013 (Unaudited)

			Gross		Gross		Net Unrealized
	Identified		Unrealized		Unrealized		Appreciation
	Cost		Appreciation		Depreciation		(Depreciation)
SPDR S&P International Small Cap ETF	$	867,485,443	$	162,238,572	$	114,175,349	$	48,063,223
SPDR Dow Jones International Real Estate ETF		3,858,988,444		639,551,466		113,069,842		526,481,624
SPDR S&P Global Infrastructure ETF		88,416,345		4,668,109		6,609,596		(1,941,487	)
SPDR S&P Global Natural Resources ETF		518,955,486		38,934,730		40,140,808		(1,206,078	)
SPDR MSCI ACWI ex-US ETF		514,154,033		70,824,029		67,087,628		3,736,401
SPDR MSCI ACWI IMI ETF		13,123,527		1,542,442		219,166		1,323,276
SPDR MSCI EM 50 ETF		2,612,546		257,469		236,461		21,008
SPDR MSCI EM Beyond BRIC ETF		6,000,008		163,371		114,810		48,561
SPDR Russell/Nomura PRIME Japan ETF		146,158,317		7,046,014		6,335,326		710,688
SPDR Russell/Nomura Small Cap Japan ETF		102,803,356		9,289,607		15,016,767		(5,727,160	)
SPDR S&P Global Dividend ETF		11,402,551		776,162		234,014		542,148
SPDR S&P International Dividend ETF		1,430,249,298		137,357,001		77,895,354		59,461,647
SPDR S&P International Mid Cap ETF		54,449,507		7,450,162		1,924,682		5,525,480
SPDR S&P Emerging Markets Small Cap ETF		856,432,046		84,245,024		178,019,978		(93,774,954	)
SPDR Dow Jones Global Real Estate ETF		997,176,730		73,686,523		43,551,843		30,134,680
SPDR S&P International Consumer Discretionary Sector ETF		20,740,537		4,168,548		480,529		3,688,019
SPDR S&P International Consumer Staples Sector ETF		33,751,978		5,358,303		616,316		4,741,987
SPDR S&P International Energy Sector ETF		15,261,648		676,897		1,720,814		(1,043,917	)
SPDR S&P International Financial Sector ETF		8,294,806		618,117		709,367		(91,250	)
SPDR S&P International Health Care Sector ETF		50,124,627		11,040,174		512,720		10,527,454
SPDR S&P International Industrial Sector ETF		24,533,997		2,317,164		939,263		1,377,901
SPDR S&P International Materials Sector ETF		13,632,852		568,357		4,225,332		(3,656,975	)
SPDR S&P International Technology Sector ETF		13,956,809		2,745,020		1,968,497		776,523
SPDR S&P International Telecommunications Sector ETF		33,972,247		8,047,980		1,641,061		6,406,919
SPDR S&P International Utilities Sector ETF		53,527,141		3,813,172		2,381,669		1,431,503

Other information regarding the Funds is available in the Funds’ most recent Report to Shareholders. This information is also available on the Funds’ website at www.spdrs.com as well as on the website of the U.S. Securities and Exchange Commission at www.sec.gov.\hich

179

Item 2. Controls and Procedures.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (“Investment Company Act”)) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) The registrant’s principal executive officer and principal financial officer are aware of no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

The certifications required by Rule 30a-2(a) under the Investment Company Act are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SPDR^® Index Shares Funds

By:	/S/ Ellen M. Needham
	Ellen M. Needham
	President

Date: February 24, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:	/S/ Ellen M. Needham
	Ellen M. Needham
	President
By:	/S/ Chad Hallett
	Chad Hallett
	Treasurer

Date: February 24, 2014