Semi-Annual Report
March 31, 2022
SPDR® Index Shares Funds
SPDR Dow Jones Global Real Estate ETF
SPDR Dow Jones International Real Estate ETF
SPDR S&P China ETF
SPDR S&P Global Natural Resources ETF
SPDR S&P International Small Cap ETF
SPDR S&P North American Natural Resources ETF
The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-787-2257 or visiting https://www.ssga.com/spdrs. Please read the prospectus carefully before you invest.

TABLE OF CONTENTS (Unaudited)
Portfolio Statistics (Unaudited)  
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Schedules of Investments (Unaudited)  
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154
The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-787-2257 or visiting https://www.ssga.com/spdrs. Please read the prospectus carefully before you invest.

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Table of Contents
SPDR Dow Jones Global Real Estate ETF
Portfolio Statistics (Unaudited)
Top Ten Holdings as of March 31, 2022

      
  Description % of Net Assets  
  Prologis, Inc. REIT 7.4%  
  Public Storage REIT 3.7  
  Simon Property Group, Inc. REIT 2.7  
  Welltower, Inc. REIT 2.6  
  Digital Realty Trust, Inc. REIT 2.5  
  Realty Income Corp. REIT 2.4  
  AvalonBay Communities, Inc. REIT 2.1  
  Equity Residential REIT 1.9  
  Alexandria Real Estate Equities, Inc. REIT 1.8  
  Extra Space Storage, Inc. REIT 1.7  
  TOTAL 28.8%  
(The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
Industry Breakdown as of March 31, 2022

      
    % of Net Assets  
  Equity Real Estate Investment Trusts (REITs) 91.2%  
  Real Estate Management & Development 8.3  
  Diversified Financial Services 0.0*  
  Short-Term Investments 0.4  
  Other Assets in Excess of Liabilities 0.1  
  TOTAL 100.0%  
    
* Amount shown represents less than 0.05% of net assets.  
(The Fund's industry breakdown is expressed as a percentage of net assets and may change over time.)
See accompanying notes to financial statements.
1

Table of Contents
SPDR Dow Jones International Real Estate ETF
Portfolio Statistics (Unaudited)
Top Ten Holdings as of March 31, 2022

      
  Description % of Net Assets  
  Segro PLC REIT 4.1%  
  Mitsui Fudosan Co., Ltd. 4.0  
  Link REIT REIT 3.5  
  Scentre Group REIT 2.3  
  Nippon Building Fund, Inc. REIT 1.9  
  Dexus REIT 1.7  
  CapitaLand Integrated Commercial Trust REIT 1.6  
  Unibail-Rodamco-Westfield REIT 1.6  
  LEG Immobilien SE 1.6  
  Nippon Prologis REIT, Inc. REIT 1.5  
  TOTAL 23.8%  
(The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
Industry Breakdown as of March 31, 2022

      
    % of Net Assets  
  Equity Real Estate Investment Trusts (REITs) 73.4%  
  Real Estate Management & Development 25.9  
  Diversified Financial Services 0.0*  
  Short-Term Investments 3.4  
  Liabilities in Excess of Other Assets (2.7)  
  TOTAL 100.0%  
    
* Amount shown represents less than 0.05% of net assets.  
(The Fund's industry breakdown is expressed as a percentage of net assets and may change over time.)
See accompanying notes to financial statements.
2

Table of Contents
SPDR S&P China ETF
Portfolio Statistics (Unaudited)
Top Ten Holdings as of March 31, 2022

      
  Description % of Net Assets  
  Tencent Holdings, Ltd. 11.1%  
  Alibaba Group Holding, Ltd. ADR 7.7  
  Meituan Class B 3.1  
  China Construction Bank Corp. Class H 2.9  
  JD.com, Inc. ADR 2.0  
  Ping An Insurance Group Co. of China, Ltd. Class H 1.6  
  Industrial & Commercial Bank of China, Ltd. Class H 1.6  
  Baidu, Inc. ADR 1.4  
  NetEase, Inc. ADR 1.3  
  Bank of China, Ltd. Class H 1.2  
  TOTAL 33.9%  
(The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
Sector Breakdown as of March 31, 2022

      
    % of Net Assets  
  Consumer Discretionary 24.3%  
  Financials 16.9  
  Communication Services 16.0  
  Industrials 7.5  
  Health Care 7.2  
  Information Technology 7.1  
  Consumer Staples 6.0  
  Materials 5.2  
  Real Estate 4.6  
  Energy 2.6  
  Utilities 2.4  
  Short-Term Investments 1.7  
  Liabilities in Excess of Other Assets (1.5)  
  TOTAL 100.0%  
(The Fund's sector breakdown is expressed as a percentage of net assets and may change over time.)
See accompanying notes to financial statements.
3

Table of Contents
SPDR S&P Global Natural Resources ETF
Portfolio Statistics (Unaudited)
Top Ten Holdings as of March 31, 2022

      
  Description % of Net Assets  
  BHP Group, Ltd. 5.4%  
  Shell PLC 4.4  
  Nutrien, Ltd. 4.3  
  Exxon Mobil Corp. 4.0  
  Chevron Corp. 3.6  
  Vale SA ADR 3.2  
  Freeport-McMoRan, Inc. 2.8  
  Glencore PLC 2.8  
  Anglo American PLC 2.7  
  TotalEnergies SE 2.6  
  TOTAL 35.8%  
(The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
See accompanying notes to financial statements.
4

Table of Contents
SPDR S&P International Small Cap ETF
Portfolio Statistics (Unaudited)
Top Ten Holdings as of March 31, 2022

      
  Description % of Net Assets  
  Crescent Point Energy Corp. 0.3%  
  NTT UD REIT Investment Corp. REIT 0.3  
  MEG Energy Corp. 0.2  
  Baytex Energy Corp. 0.2  
  National Storage REIT REIT 0.2  
  Vermilion Energy, Inc. 0.2  
  New Wave Group AB Class B 0.2  
  Shochiku Co., Ltd. 0.2  
  Rorze Corp. 0.2  
  DTS Corp. 0.2  
  TOTAL 2.2%  
(The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
See accompanying notes to financial statements.
5

Table of Contents
SPDR S&P North American Natural Resources ETF
Portfolio Statistics (Unaudited)
Top Ten Holdings as of March 31, 2022

      
  Description % of Net Assets  
  Exxon Mobil Corp. 8.4%  
  Nutrien, Ltd. 6.9  
  Archer-Daniels-Midland Co. 6.8  
  Chevron Corp. 6.4  
  Newmont Corp. 6.0  
  Freeport-McMoRan, Inc. 5.4  
  ConocoPhillips 4.9  
  Corteva, Inc. 4.5  
  Barrick Gold Corp. 4.5  
  Canadian Natural Resources, Ltd. 4.5  
  TOTAL 58.3%  
(The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
See accompanying notes to financial statements.
6

Table of Contents
SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
Security Description     Shares   Value
COMMON STOCKS — 99.5%        
AUSTRALIA — 2.9%          
BWP Trust REIT
     442,247   $ 1,338,384
Centuria Industrial REIT
     499,645   1,440,800
Charter Hall Long Wale REIT
     567,981   2,269,114
Charter Hall Retail REIT
     477,832   1,510,665
Dexus REIT
     994,985   8,181,662
GPT Group REIT
     1,771,320   6,890,293
National Storage REIT
     1,014,902   2,065,401
Scentre Group REIT
     4,803,954   11,002,961
Shopping Centres Australasia Property Group REIT
     1,027,654   2,253,412
Vicinity Centres REIT
     3,580,605   5,014,714
Waypoint REIT, Ltd.
     661,556   1,326,443
          43,293,849
AUSTRIA — 0.1%          
CA Immobilien Anlagen AG
     44,432   1,386,716
BELGIUM — 0.9%          
Aedifica SA REIT
     33,581   4,259,486
Cofinimmo SA REIT
     27,532   4,043,620
Warehouses De Pauw CVA REIT
     130,021   5,656,515
          13,959,621
BRAZIL — 0.3%          
BR Malls Participacoes SA (a)
     850,021   1,659,991
BR Properties SA
     235,800   441,137
Iguatemi SA (a)
     151,490   651,937
Multiplan Empreendimentos Imobiliarios SA
     277,400   1,429,045
          4,182,110
CANADA — 1.3%          
Artis Real Estate Investment Trust
     55,064   576,187
Boardwalk Real Estate Investment Trust
     22,195   1,044,669
Canadian Apartment Properties REIT
     78,407   3,367,788
Dream Industrial Real Estate Investment Trust
     113,273   1,463,694
Dream Office Real Estate Investment Trust
     23,459   523,440
First Capital Real Estate Investment Trust
     98,612   1,417,145
Granite Real Estate Investment Trust
     30,466   2,350,837
H&R Real Estate Investment Trust
     129,982   1,358,044
InterRent Real Estate Investment Trust
     64,848   830,167
Primaris Real Estate Investment Trust
     43,462   538,991
RioCan Real Estate Investment Trust
     139,714   2,822,132
SmartCentres Real Estate Investment Trust
     65,189   1,713,426
See accompanying notes to financial statements.
7

Table of Contents
SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
Summit Industrial Income REIT
     85,539   $ 1,508,001
          19,514,521
FINLAND — 0.2%          
Kojamo Oyj
     139,326   3,376,360
FRANCE — 1.5%          
Covivio REIT
     43,724   3,509,576
Gecina SA REIT
     50,274   6,393,643
Klepierre SA REIT (a)
     180,217   4,848,537
Unibail-Rodamco-Westfield REIT (a)
     107,895   8,184,968
          22,936,724
GERMANY — 1.2%          
alstria office REIT-AG
     13,307   182,262
Aroundtown SA
     896,574   5,181,396
Deutsche EuroShop AG
     48,745   906,828
Deutsche Wohnen SE
     44,270   1,497,414
Grand City Properties SA
     98,602   1,987,937
LEG Immobilien SE
     67,394   7,742,300
          17,498,137
HONG KONG — 2.1%          
Hang Lung Properties, Ltd.
     1,739,018   3,508,502
Hysan Development Co., Ltd.
     556,731   1,627,952
Link REIT
     1,956,474   16,738,228
Swire Properties, Ltd.
     987,200   2,453,062
Wharf Real Estate Investment Co., Ltd.
     1,416,000   7,024,491
          31,352,235
ISRAEL — 0.2%          
Azrieli Group, Ltd.
     33,606   2,967,543
JAPAN — 9.2%          
Activia Properties, Inc. REIT
     710   2,480,247
Advance Residence Investment Corp. REIT
     1,305   3,703,996
Aeon Mall Co., Ltd.
     86,800   1,163,531
AEON REIT Investment Corp.
     1,551   1,929,565
Comforia Residential REIT, Inc.
     584   1,580,589
Daiwa House REIT Investment Corp.
     1,939   5,239,893
Daiwa Office Investment Corp. REIT
     281   1,752,560
Daiwa Securities Living Investments Corp. REIT
     1,989   1,886,170
Frontier Real Estate Investment Corp. REIT
     468   1,954,900
Fukuoka REIT Corp.
     720   996,581
Global One Real Estate Investment Corp. REIT
     862   796,129
See accompanying notes to financial statements.
8

Table of Contents
SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
GLP J-REIT (a)
     4,141   $ 6,325,367
Hoshino Resorts REIT, Inc.
     246   1,384,288
Hulic Co., Ltd.
     546,700   4,959,149
Hulic REIT, Inc.
     1,217   1,670,461
Ichigo Office REIT Investment Corp.
     1,415   1,028,243
Industrial & Infrastructure Fund Investment Corp. REIT
     1,927   2,935,549
Invincible Investment Corp. REIT
     5,763   2,003,696
Japan Excellent, Inc. REIT
     1,252   1,392,544
Japan Hotel REIT Investment Corp.
     4,141   2,125,514
Japan Logistics Fund, Inc. REIT
     827   2,163,316
Japan Metropolitan Fund Invest REIT
     6,449   5,472,684
Japan Prime Realty Investment Corp. REIT
     901   2,965,598
Japan Real Estate Investment Corp. REIT
     1,302   6,854,608
Kenedix Office Investment Corp. REIT
     375   2,258,496
Kenedix Residential Next Investment Corp. REIT
     925   1,627,086
Kenedix Retail REIT Corp.
     549   1,265,584
LaSalle Logiport REIT
     1,647   2,377,379
Mirai Corp. REIT
     1,595   695,164
Mitsubishi Estate Logistics REIT Investment Corp. (a)
     402   1,568,255
Mitsui Fudosan Co., Ltd.
     895,500   19,330,258
Mitsui Fudosan Logistics Park, Inc. REIT
     509   2,411,329
Mori Hills REIT Investment Corp.
     1,516   1,887,272
Mori Trust Sogo REIT, Inc.
     864   1,017,936
Nippon Accommodations Fund, Inc. REIT
     452   2,383,357
Nippon Building Fund, Inc. REIT
     1,564   8,916,894
Nippon Prologis REIT, Inc. (a)
     2,480   7,284,202
NIPPON REIT Investment Corp.
     404   1,274,826
Nomura Real Estate Master Fund, Inc. REIT (a)
     4,360   5,790,583
NTT UD REIT Investment Corp.
     1,343   1,782,552
Orix JREIT, Inc.
     2,525   3,438,785
Sekisui House REIT, Inc.
     4,140   2,752,610
Tokyu REIT, Inc.
     849   1,382,882
United Urban Investment Corp. REIT
     2,898   3,359,412
          137,570,040
MALTA — 0.0% (b)          
BGP Holdings PLC (c)
     1,313,937   —
MEXICO — 0.2%          
Fibra Uno Administracion SA de CV REIT
     2,818,040   3,292,565
NETHERLANDS — 0.1%          
Eurocommercial Properties NV
     38,125   1,053,920
See accompanying notes to financial statements.
9

Table of Contents
SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
Wereldhave NV REIT (d)
     39,214   $ 770,531
          1,824,451
NORWAY — 0.2%          
Entra ASA (e)
     168,419   3,403,435
ROMANIA — 0.2%          
NEPI Rockcastle PLC
     438,622   2,913,741
SAUDI ARABIA — 0.0% (b)          
Arabian Centres Co., Ltd.
     107,130   631,100
SINGAPORE — 3.0%          
Ascendas Real Estate Investment Trust
     3,107,291   6,727,279
CapitaLand China Trust REIT
     1,070,900   957,468
CapitaLand Integrated Commercial Trust REIT
     4,665,307   7,756,265
Capitaland Investment, Ltd. (a)
     2,304,317   6,793,678
Frasers Centrepoint Trust REIT
     1,004,293   1,810,673
Frasers Logistics & Commercial Trust REIT
     2,688,100   2,899,934
Keppel DC REIT
     1,240,700   2,090,218
Keppel REIT
     1,865,612   1,681,787
Mapletree Commercial Trust REIT (d)
     2,023,831   2,826,350
Mapletree Industrial Trust REIT
     1,819,332   3,616,214
Mapletree Logistics Trust REIT
     2,953,363   4,037,183
Mapletree North Asia Commercial Trust REIT
     2,020,800   1,836,616
Suntec Real Estate Investment Trust
     2,050,495   2,651,469
          45,685,134
SOUTH AFRICA — 0.4%          
Growthpoint Properties, Ltd. REIT
     3,168,390   3,191,699
Hyprop Investments, Ltd. REIT
     323,165   774,048
Redefine Properties, Ltd. REIT
     6,161,952   1,948,210
          5,913,957
SPAIN — 0.4%          
Inmobiliaria Colonial Socimi SA REIT
     252,507   2,315,044
Merlin Properties Socimi SA REIT
     308,281   3,630,750
          5,945,794
SWEDEN — 1.6%          
Castellum AB
     264,996   6,633,857
Fabege AB (d)
     250,867   3,755,172
Hufvudstaden AB Class A
     112,697   1,617,403
Sagax AB Class B
     154,492   4,757,731
Samhallsbyggnadsbolaget i Norden AB
     1,060,820   4,809,284
See accompanying notes to financial statements.
10

Table of Contents
SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
Wihlborgs Fastigheter AB
     123,422   $ 2,612,954
          24,186,401
SWITZERLAND — 0.9%          
PSP Swiss Property AG
     42,464   5,611,108
Swiss Prime Site AG (a)
     71,460   7,085,819
          12,696,927
THAILAND — 0.2%          
Central Pattana PCL NVDR
     1,263,500   2,242,000
UNITED KINGDOM — 4.7%          
Assura PLC REIT
     2,717,570   2,393,742
British Land Co. PLC REIT
     867,196   6,056,076
Capital & Counties Properties PLC REIT
     807,098   1,860,728
Derwent London PLC REIT
     103,838   4,387,292
Grainger PLC
     700,500   2,693,156
Great Portland Estates PLC REIT
     240,911   2,258,432
Hammerson PLC REIT (d)
     3,202,135   1,392,154
Land Securities Group PLC REIT
     694,881   7,187,575
LondonMetric Property PLC REIT
     902,848   3,278,532
Primary Health Properties PLC REIT (d)
     1,227,769   2,397,333
Safestore Holdings PLC REIT
     194,552   3,432,504
Segro PLC REIT
     1,118,492   19,814,681
Shaftesbury PLC REIT (d)
     265,657   2,159,876
Tritax Big Box REIT PLC
     1,726,491   5,496,562
UNITE Group PLC REIT
     369,387   5,631,974
          70,440,617
UNITED STATES — 67.7%          
Acadia Realty Trust REIT
     83,936   1,818,893
Agree Realty Corp. REIT
     66,010   4,380,424
Alexandria Real Estate Equities, Inc. REIT
     135,337   27,236,571
American Assets Trust, Inc. REIT
     49,347   1,869,758
American Campus Communities, Inc. REIT
     128,713   7,204,067
American Homes 4 Rent Class A, REIT
     273,351   10,942,241
Americold Realty Trust REIT
     246,657   6,876,797
Apartment Income REIT Corp.
     145,273   7,766,295
Apartment Investment & Management Co. Class A, REIT (a)
     147,135   1,077,028
Apple Hospitality REIT, Inc.
     196,219   3,526,055
Ashford Hospitality Trust, Inc. REIT (a)(d)
     28,660   292,332
AvalonBay Communities, Inc. REIT
     129,938   32,272,701
Boston Properties, Inc. REIT
     132,218   17,029,678
Brandywine Realty Trust REIT
     162,572   2,298,768
See accompanying notes to financial statements.
11

Table of Contents
SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
Brixmor Property Group, Inc. REIT
     277,796   $ 7,169,915
Broadstone Net Lease, Inc. REIT
     150,857   3,285,665
Camden Property Trust REIT
     95,053   15,797,809
CareTrust REIT, Inc.
     91,344   1,762,939
Centerspace REIT
     13,450   1,319,714
Chatham Lodging Trust REIT (a)
     45,787   631,403
City Office REIT, Inc.
     40,424   713,888
Community Healthcare Trust, Inc. REIT
     22,223   938,033
Corporate Office Properties Trust REIT
     103,556   2,955,488
Cousins Properties, Inc. REIT
     137,463   5,538,384
CubeSmart REIT
     203,689   10,597,939
DiamondRock Hospitality Co. REIT (a)
     200,431   2,024,353
Digital Realty Trust, Inc. REIT
     263,922   37,424,140
Diversified Healthcare Trust REIT
     231,690   741,408
Douglas Emmett, Inc. REIT
     162,540   5,432,087
Duke Realty Corp. REIT
     354,283   20,569,671
Easterly Government Properties, Inc. REIT
     79,129   1,672,787
EastGroup Properties, Inc. REIT
     37,687   7,661,013
Empire State Realty Trust, Inc. Class A, REIT
     135,069   1,326,378
EPR Properties REIT
     69,132   3,782,212
Equity Commonwealth REIT (a)
     106,654   3,008,709
Equity LifeStyle Properties, Inc. REIT
     160,655   12,286,894
Equity Residential REIT
     317,763   28,573,249
Essential Properties Realty Trust, Inc. REIT
     112,594   2,848,628
Essex Property Trust, Inc. REIT
     60,712   20,974,782
Extra Space Storage, Inc. REIT
     124,488   25,594,733
Federal Realty Investment Trust REIT
     65,421   7,985,941
First Industrial Realty Trust, Inc. REIT
     120,544   7,462,879
Four Corners Property Trust, Inc. REIT
     73,295   1,981,897
Franklin Street Properties Corp. REIT
     91,152   537,797
Getty Realty Corp. REIT
     37,292   1,067,297
Global Medical REIT, Inc.
     56,086   915,324
Global Net Lease, Inc. REIT
     95,773   1,506,509
Healthcare Realty Trust, Inc. REIT
     136,543   3,752,202
Healthcare Trust of America, Inc. Class A, REIT
     204,244   6,401,007
Healthpeak Properties, Inc. REIT
     501,730   17,224,391
Hersha Hospitality Trust REIT (a)
     35,049   318,245
Highwoods Properties, Inc. REIT
     96,577   4,417,432
Host Hotels & Resorts, Inc. REIT
     661,052   12,844,240
Hudson Pacific Properties, Inc. REIT
     140,949   3,911,335
Independence Realty Trust, Inc. REIT
     203,945   5,392,306
Industrial Logistics Properties Trust REIT
     59,896   1,357,842
See accompanying notes to financial statements.
12

Table of Contents
SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
Innovative Industrial Properties, Inc. REIT
     23,657   $ 4,859,148
Invitation Homes, Inc. REIT
     555,056   22,302,150
JBG SMITH Properties REIT
     105,495   3,082,564
Kilroy Realty Corp. REIT
     98,043   7,492,446
Kimco Realty Corp. REIT
     573,815   14,173,230
Kite Realty Group Trust REIT
     202,644   4,614,204
Life Storage, Inc. REIT
     75,888   10,656,952
LTC Properties, Inc. REIT
     36,142   1,390,383
LXP Industrial Trust REIT
     263,707   4,140,200
Macerich Co. REIT
     196,855   3,078,812
Medical Properties Trust, Inc. REIT
     555,814   11,749,908
Mid-America Apartment Communities, Inc. REIT
     107,295   22,472,938
National Health Investors, Inc. REIT
     42,255   2,493,468
National Retail Properties, Inc. REIT
     162,505   7,302,975
National Storage Affiliates Trust REIT
     75,877   4,762,041
Necessity Retail REIT, Inc.
     116,736   923,382
NETSTREIT Corp.
     36,780   825,343
NexPoint Residential Trust, Inc. REIT
     21,251   1,919,178
Office Properties Income Trust REIT
     46,983   1,208,873
Omega Healthcare Investors, Inc. REIT
     220,960   6,885,114
Orion Office REIT, Inc.
     52,891   740,474
Paramount Group, Inc. REIT
     155,317   1,694,508
Park Hotels & Resorts, Inc. REIT
     218,683   4,270,879
Pebblebrook Hotel Trust REIT
     121,177   2,966,413
Piedmont Office Realty Trust, Inc. Class A, REIT
     117,563   2,024,435
Plymouth Industrial REIT, Inc.
     31,538   854,680
Prologis, Inc. REIT
     687,876   111,078,216
PS Business Parks, Inc. REIT
     18,493   3,108,303
Public Storage REIT
     141,817   55,348,339
Realty Income Corp. REIT
     526,039   36,454,503
Regency Centers Corp. REIT
     142,575   10,171,300
Retail Opportunity Investments Corp. REIT
     111,885   2,169,450
Rexford Industrial Realty, Inc. REIT
     148,262   11,058,863
RLJ Lodging Trust REIT
     156,670   2,205,914
RPT Realty REIT
     78,495   1,080,876
Ryman Hospitality Properties, Inc. REIT (a)
     50,999   4,731,177
Seritage Growth Properties Class A, REIT (a)(d)
     34,229   433,339
Service Properties Trust REIT
     154,774   1,366,654
Simon Property Group, Inc. REIT
     305,519   40,194,080
SITE Centers Corp. REIT
     165,666   2,768,279
SL Green Realty Corp. REIT (d)
     59,245   4,809,509
Spirit Realty Capital, Inc. REIT
     118,005   5,430,590
See accompanying notes to financial statements.
13

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SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
STAG Industrial, Inc. REIT
     163,741   $ 6,770,690
STORE Capital Corp. REIT
     226,949   6,633,719
Summit Hotel Properties, Inc. REIT (a)
     102,914   1,025,023
Sun Communities, Inc. REIT
     107,850   18,905,026
Sunstone Hotel Investors, Inc. REIT (a)
     202,287   2,382,941
Tanger Factory Outlet Centers, Inc. REIT
     99,170   1,704,732
Terreno Realty Corp. REIT
     70,363   5,210,380
UDR, Inc. REIT
     278,223   15,961,654
UMH Properties, Inc. REIT
     41,650   1,024,174
Universal Health Realty Income Trust REIT
     12,301   718,009
Urban Edge Properties REIT
     104,454   1,995,071
Ventas, Inc. REIT
     371,303   22,931,673
Veris Residential, Inc. REIT (a)
     74,760   1,300,076
Vornado Realty Trust REIT
     147,089   6,666,073
Washington Real Estate Investment Trust
     78,013   1,989,331
Welltower, Inc. REIT
     404,720   38,909,781
WP Carey, Inc. REIT
     177,344   14,336,489
Xenia Hotels & Resorts, Inc. REIT (a)
     106,906   2,062,217
          1,018,121,622
TOTAL COMMON STOCKS

(Cost $1,308,412,838)
         1,495,335,600
       
SHORT-TERM INVESTMENTS — 0.4%  
State Street Institutional Liquid Reserves Fund, Premier Class 0.31% (f)(g)
 4,482,981 4,482,533
State Street Navigator Securities Lending Portfolio II (h)(i)
 1,518,376 1,518,376
TOTAL SHORT-TERM INVESTMENTS

(Cost $6,000,766)
 6,000,909
TOTAL INVESTMENTS — 99.9%

(Cost $1,314,413,604)
 1,501,336,509
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.1%
1,827,584
NET ASSETS — 100.0%
$ 1,503,164,093
(a) Non-income producing security.
(b) Amount is less than 0.05% of net assets.
(c) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of March 31, 2022, total aggregate fair value of the security is $0, representing 0.00% of the Fund's net assets.
(d) All or a portion of the shares of the security are on loan at March 31, 2022.
See accompanying notes to financial statements.
14

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SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
(e) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.2% of net assets as of March 31, 2022, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers.
(f) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended March 31, 2022 are shown in the Affiliate Table below.
(g) The rate shown is the annualized seven-day yield at March 31, 2022.
(h) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended March 31, 2022 are shown in the Affiliate Table below.
(i) Investment of cash collateral for securities loaned.
NVDR Non-Voting Depositary Receipt
REIT Real Estate Investment Trust
At March 31, 2022, open futures contracts were as follows:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Amount 		  Value   Unrealized
Appreciation
(Depreciation)
DJ US Real Estate Index (long)   190   06/17/2022   $7,704,397   $7,972,400   $268,003
During the period ended March 31, 2022, average notional value related to futures contracts was $7,413,200.
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2022.
Description   Level 1 –
Quoted Prices 		  Level 2 –
Other Significant
Observable Inputs 		  Level 3 –
Significant
Unobservable Inputs 		  Total
ASSETS:                  
INVESTMENTS:                
Common Stocks
   $1,495,335,600   $—   $ 0(a)   $1,495,335,600
Short-Term Investments
   6,000,909   —   —   6,000,909
TOTAL INVESTMENTS
   $1,501,336,509   $—   $ 0   $1,501,336,509
OTHER FINANCIAL INSTRUMENTS:                
Futures Contracts(b)
   268,003   —   —   268,003
(a) Fund held a Level 3 security that was valued at $0 at March 31, 2022.
(b) Futures Contracts are valued at unrealized appreciation (depreciation).
See accompanying notes to financial statements.
15

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SPDR DOW JONES GLOBAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Affiliate Table
  Number of
Shares Held
at 9/30/21 		  Value at
9/30/21 		  Cost of
Purchases 		  Proceeds
from
Shares Sold 		  Realized
Gain (Loss) 		  Change in
Unrealized
Appreciation/
Depreciation 		  Number of
Shares Held
at 3/31/22 		  Value at
3/31/22 		  Dividend
Income
State Street Institutional Liquid Reserves Fund, Premier Class
 1,838,198   $1,838,566   $52,615,265   $49,970,550   $(891)   $143   4,482,981   $4,482,533   $ 1,252
State Street Navigator Securities Lending Portfolio II
 1,555,303   1,555,303   36,024,867   36,061,794   —   —   1,518,376   1,518,376   33,035
Total
     $3,393,869   $88,640,132   $86,032,344   $(891)   $143       $6,000,909   $34,287
See accompanying notes to financial statements.
16

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SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
Security Description     Shares   Value
COMMON STOCKS — 99.3%        
AUSTRALIA — 9.0%          
BWP Trust REIT
     590,033   $ 1,785,633
Centuria Industrial REIT
     667,095   1,923,666
Charter Hall Long Wale REIT
     750,382   2,997,816
Charter Hall Retail REIT
     637,757   2,016,268
Dexus REIT
     1,330,386   10,939,631
GPT Group REIT
     2,369,099   9,215,605
National Storage REIT
     1,335,633   2,718,112
Scentre Group REIT
     6,421,119   14,706,910
Shopping Centres Australasia Property Group REIT
     1,378,623   3,023,008
Vicinity Centres REIT
     4,800,408   6,723,074
Waypoint REIT, Ltd.
     885,641   1,775,742
          57,825,465
AUSTRIA — 0.3%          
CA Immobilien Anlagen AG
     57,410   1,791,757
BELGIUM — 2.9%          
Aedifica SA REIT
     45,049   5,714,111
Cofinimmo SA REIT
     36,437   5,351,496
Warehouses De Pauw CVA REIT
     173,644   7,554,318
          18,619,925
BRAZIL — 0.8%          
BR Malls Participacoes SA (a)
     1,021,541   1,994,949
BR Properties SA
     253,692   474,610
Iguatemi SA (a)
     197,620   850,457
Multiplan Empreendimentos Imobiliarios SA
     329,768   1,698,823
          5,018,839
CANADA — 4.0%          
Artis Real Estate Investment Trust
     74,445   778,989
Boardwalk Real Estate Investment Trust
     27,998   1,317,803
Canadian Apartment Properties REIT
     105,254   4,520,938
Dream Industrial Real Estate Investment Trust
     149,243   1,928,491
Dream Office Real Estate Investment Trust
     28,896   644,755
First Capital Real Estate Investment Trust
     131,787   1,893,901
Granite Real Estate Investment Trust
     39,901   3,078,867
H&R Real Estate Investment Trust
     173,225   1,809,844
InterRent Real Estate Investment Trust
     84,486   1,081,567
Primaris Real Estate Investment Trust
     59,079   732,664
RioCan Real Estate Investment Trust
     187,275   3,782,833
SmartCentres Real Estate Investment Trust
     87,123   2,289,939
See accompanying notes to financial statements.
17

Table of Contents
SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
Summit Industrial Income REIT
     112,753   $ 1,987,768
          25,848,359
FINLAND — 0.7%          
Kojamo Oyj (b)
     187,108   4,534,286
FRANCE — 4.8%          
Covivio REIT
     58,676   4,709,723
Gecina SA REIT
     67,237   8,550,928
Klepierre SA REIT (a)
     241,187   6,488,867
Unibail-Rodamco-Westfield REIT (a)
     143,999   10,923,835
          30,673,353
GERMANY — 3.6%          
alstria office REIT-AG
     17,107   234,310
Aroundtown SA
     1,197,450   6,920,190
Deutsche EuroShop AG
     60,831   1,131,670
Deutsche Wohnen SE
     58,934   1,993,417
Grand City Properties SA
     127,866   2,577,935
LEG Immobilien SE
     90,100   10,350,791
          23,208,313
HONG KONG — 6.5%          
Hang Lung Properties, Ltd.
     2,279,755   4,599,449
Hysan Development Co., Ltd.
     742,846   2,172,175
Link REIT
     2,612,194   22,348,111
Swire Properties, Ltd.
     1,310,600   3,256,669
Wharf Real Estate Investment Co., Ltd. (b)
     1,915,000   9,499,930
          41,876,334
ISRAEL — 0.6%          
Azrieli Group, Ltd.
     45,080   3,980,742
JAPAN — 28.7%          
Activia Properties, Inc. REIT
     926   3,234,801
Advance Residence Investment Corp. REIT
     1,712   4,859,188
Aeon Mall Co., Ltd.
     116,940   1,567,550
AEON REIT Investment Corp.
     2,108   2,622,517
Comforia Residential REIT, Inc.
     804   2,176,016
Daiwa House REIT Investment Corp.
     2,611   7,055,885
Daiwa Office Investment Corp. REIT
     362   2,257,747
Daiwa Securities Living Investments Corp. REIT
     2,729   2,587,913
Frontier Real Estate Investment Corp. REIT
     634   2,648,305
Fukuoka REIT Corp.
     908   1,256,799
Global One Real Estate Investment Corp. REIT
     1,177   1,087,058
See accompanying notes to financial statements.
18

Table of Contents
SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF
SCHEDULE OF INVESTMENTS  (continued)
March 31, 2022 (Unaudited)
Security Description     Shares   Value
GLP J-REIT (a)
     5,574   $ 8,514,271
Hoshino Resorts REIT, Inc.
     301   1,693,784
Hulic Co., Ltd.
     731,090   6,631,762
Hulic REIT, Inc.
     1,588   2,179,698
Ichigo Office REIT Investment Corp.
     1,869   1,358,153
Industrial & Infrastructure Fund Investment Corp. REIT
     2,572   3,918,128
Invincible Investment Corp. REIT
     7,484   2,602,058
Japan Excellent, Inc. REIT
     1,577   1,754,027
Japan Hotel REIT Investment Corp.
     5,554   2,850,786
Japan Logistics Fund, Inc. REIT
     1,120   2,929,763
Japan Metropolitan Fund Invest REIT
     8,673   7,359,992
Japan Prime Realty Investment Corp. REIT
     1,231   4,051,777
Japan Real Estate Investment Corp. REIT
     1,716   9,034,183
Kenedix Office Investment Corp. REIT
     529   3,185,986
Kenedix Residential Next Investment Corp. REIT
     1,236   2,174,138
Kenedix Retail REIT Corp.
     720   1,659,782
LaSalle Logiport REIT
     2,207   3,185,717
Mirai Corp. REIT