Semi-Annual Report
June 30, 2023
SPDR® Series Trust - Fixed Income Funds
SPDR Bloomberg Emerging Markets Local Bond ETF
SPDR Bloomberg International Corporate Bond ETF
SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg Short Term International Treasury Bond ETF
SPDR FTSE International Government Inflation-Protected Bond ETF
The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-787-2257 or visiting https://www.ssga.com/spdrs. Please read the prospectus carefully before you invest.





TABLE OF CONTENTS (Unaudited)
Portfolio Statistics (Unaudited)  

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Schedules of Investments (Unaudited)  

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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
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Table of Contents
SPDR Bloomberg Emerging Markets Local Bond ETF
Portfolio Statistics (Unaudited)
Top Five Holdings as of June 30, 2023

     
  Description % of Net Assets  
  Brazil Letras do Tesouro Nacional
Zero Coupon, 1/1/2026
1.2%  
  Mexico Bonos
7.75% 5/29/2031
0.9  
  Peru Government Bonds
6.90% 8/12/2037
0.9  
  Colombia TES
7.50% 8/26/2026
0.8  
  Brazil Letras do Tesouro Nacional
Zero Coupon, 7/1/2024
0.8  
  TOTAL 4.6%  
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
Asset Allocation as of June 30, 2023

     
    % of Net Assets  
  Foreign Government Obligations 96.7%  
  Short-Term Investments 1.9  
  Other Assets in Excess of Liabilities 1.4  
  TOTAL 100.0%  
Top Ten Countries as of June 30, 2023

     
  Description % of Total Investments  
  South Korea 12.4%  
  China 12.4  
  Indonesia 8.7  
  Mexico 7.2  
  Malaysia 6.9  
  Brazil 4.4  
  Israel 4.4  
  Poland 4.3  
  Czech Republic 4.2  
  Philippines 4.2  
  TOTAL 69.1%  
(The Fund's asset allocation and sector breakdown are expressed as a percentage of net assets and total investments, respectively, and may change over time.)
See accompanying notes to financial statements.
1


Table of Contents
SPDR Bloomberg International Corporate Bond ETF
Portfolio Statistics (Unaudited)
Top Five Holdings as of June 30, 2023

     
  Description % of Net Assets  
  Seven & i Holdings Co. Ltd.
0.19% 12/19/2025
0.4%  
  NTT Finance Corp.
0.38% 9/20/2030
0.4  
  UBS Group AG
1.00% 6/24/2027
0.3  
  UBS Group AG
0.25% 11/5/2028
0.3  
  UBS Group AG
3.25% 4/2/2026
0.3  
  TOTAL 1.7%  
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
Asset Allocation as of June 30, 2023

     
    % of Net Assets  
  Corporate Bonds & Notes 98.2%  
  Short-Term Investments 1.4  
  Other Assets in Excess of Liabilities 0.4  
  TOTAL 100.0%  
See accompanying notes to financial statements.
2


Table of Contents
SPDR Bloomberg International Treasury Bond ETF
Portfolio Statistics (Unaudited)
Top Five Holdings as of June 30, 2023

     
  Description % of Net Assets  
  China Government Bonds
3.25% 11/22/2028
0.7%  
  China Government Bonds
4.08% 10/22/2048
0.6  
  Japan Government Ten Year Bonds
0.20% 9/20/2032
0.5  
  Japan Government Ten Year Bonds
0.50% 3/20/2033
0.4  
  Indonesia Treasury Bonds
6.63% 5/15/2033
0.4  
  TOTAL 2.6%  
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
Asset Allocation as of June 30, 2023

     
    % of Net Assets  
  Foreign Government Obligations 99.1%  
  Short-Term Investments 0.2  
  Other Assets in Excess of Liabilities 0.7  
  TOTAL 100.0%  
Top Ten Countries as of June 30, 2023

     
  Description % of Total Investments  
  Japan 23.1%  
  France 5.1  
  United Kingdom 5.0  
  Canada 4.6  
  Italy 4.6  
  Spain 4.6  
  Australia 4.6  
  China 4.6  
  Germany 4.6  
  South Korea 4.5  
  TOTAL 65.3%  
(The Fund's asset allocation and top ten countries are expressed as a percentage of net assets and total investments, respectively, and may change over time.)
See accompanying notes to financial statements.
3


Table of Contents
SPDR Bloomberg Short Term International Treasury Bond ETF
Portfolio Statistics (Unaudited)
Top Five Holdings as of June 30, 2023

     
  Description % of Net Assets  
  Japan Government Five Year Bonds
0.10% 12/20/2025
2.0%  
  Japan Government Five Year Bonds
0.10% 3/20/2025
1.9  
  Australia Government Bonds
4.25% 4/21/2026
1.7  
  Mexico Bonos
5.75% 3/5/2026
1.7  
  Japan Government Five Year Bonds
0.10% 12/20/2024
1.5  
  TOTAL 8.8%  
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
Asset Allocation as of June 30, 2023

     
    % of Net Assets  
  Foreign Government Obligations 99.1%  
  Short-Term Investment 0.2  
  Other Assets in Excess of Liabilities 0.7  
  TOTAL 100.0%  
Top Ten Countries as of June 30, 2023

     
  Description % of Total Investments  
  Japan 23.1%  
  Italy 5.1  
  France 5.1  
  United Kingdom 4.6  
  Canada 4.6  
  Australia 4.6  
  South Korea 4.6  
  China 4.6  
  Germany 4.5  
  Spain 4.5  
  TOTAL 65.3%  
(The Fund's asset allocation and top ten countries are expressed as a percentage of net assets and total investments, respectively, and may change over time.)
See accompanying notes to financial statements.
4


Table of Contents
SPDR FTSE International Government Inflation-Protected Bond ETF
Portfolio Statistics (Unaudited)
Top Five Holdings as of June 30, 2023

     
  Description % of Net Assets  
  Deutsche Bundesrepublik Bonds Inflation-Linked
0.50% 4/15/2030
1.7%  
  Brazil Notas do Tesouro Nacional
6.00% 8/15/2024
1.4  
  Spain Government Bonds Inflation-Linked
1.00% 11/30/2030
1.4  
  Deutsche Bundesrepublik Bonds Inflation-Linked
0.10% 4/15/2026
1.3  
  United Kingdom Gilt Inflation Linked
0.13% 8/10/2041
1.3  
  TOTAL 7.1%  
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
Asset Allocation as of June 30, 2023

     
    % of Net Assets  
  Foreign Government Obligations 98.4%  
  Other Assets in Excess of Liabilities 1.6  
  TOTAL 100.0%  
Top Ten Countries as of June 30, 2023

     
  Description % of Total Investments  
  United Kingdom 18.7%  
  Brazil 9.7  
  France 8.1  
  Italy 5.0  
  South Africa 4.7  
  Mexico 4.6  
  Spain 4.6  
  Germany 4.6  
  Canada 4.6  
  Chile 4.6  
  TOTAL 69.2%  
(The Fund's asset allocation and top ten countries are expressed as a percentage of net assets and total investments, respectively, and may change over time.)
See accompanying notes to financial statements.
5


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS
June 30, 2023 (Unaudited)

Security Description     Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS — 96.7%      
BRAZIL — 4.3%      
Brazil Government International Bonds:          
8.50%, 1/5/2024

  BRL 350,000   $ 70,419
10.25%, 1/10/2028

  BRL 1,000,000   202,494
Brazil Letras do Tesouro Nacional:          
Series LTN, Zero Coupon, 7/1/2024

  BRL 72,100,000   13,394,409
Series LTN, Zero Coupon, 10/1/2024

  BRL 25,000,000   4,536,929
Series LTN, Zero Coupon, 1/1/2025

  BRL 23,400,000   4,157,667
Series LTN, Zero Coupon, 7/1/2025

  BRL 20,000,000   3,401,194
Series LTN, Zero Coupon, 1/1/2026

  BRL 125,000,000   20,276,901
Brazil Notas do Tesouro Nacional:          
Series NTNF, 10.00%, 1/1/2025

  BRL 31,450,000   6,440,138
Series NTNF, 10.00%, 1/1/2027

  BRL 11,875,000   2,442,760
Series NTNF, 10.00%, 1/1/2029

  BRL 48,890,000   9,897,474
Series NTNF, 10.00%, 1/1/2031

  BRL 34,000,000   6,827,296
Series NTNF, 10.00%, 1/1/2033

  BRL 10,000,000   1,989,975
          73,637,656
CHILE — 3.4%      
Bonos de la Tesoreria de la Republica en pesos:          
Zero Coupon, 7/15/2024

  CLP 2,100,000,000   2,370,436
2.30%, 10/1/2028 (a)

  CLP 1,535,000,000   1,663,218
2.50%, 3/1/2025

  CLP 490,000,000   571,671
2.80%, 10/1/2033 (a)

  CLP 1,000,000,000   1,014,014
4.50%, 3/1/2026

  CLP 5,915,000,000   7,168,880
4.70%, 9/1/2030 (a)

  CLP 6,990,000,000   8,416,382
5.00%, 10/1/2028 (a)

  CLP 4,600,000,000   5,634,413
5.00%, 3/1/2035

  CLP 7,875,000,000   9,706,719
5.10%, 7/15/2050

  CLP 2,470,000,000   3,049,599
5.80%, 6/1/2024 (a)

  CLP 4,770,000,000   5,859,820
6.00%, 4/1/2033 (a)

  CLP 3,650,000,000   4,877,246
Series 30YR, 6.00%, 1/1/2043

  CLP 5,065,000,000   6,962,506
          57,294,904
Security Description     Principal
Amount
  Value
CHINA — 12.2%      
China Development Bank:          
Series 1908, 3.42%, 7/2/2024

  CNY 6,300,000   $ 877,712
Series 1518, 3.74%, 9/10/2025

  CNY 2,000,000   283,053
Series 1605, 3.80%, 1/25/2036

  CNY 6,500,000   967,828
Series 1510, 4.21%, 4/13/2025

  CNY 9,000,000   1,278,319
Series 1708, 4.30%, 8/21/2024

  CNY 10,000,000   1,408,268
Series 1805, 4.88%, 2/9/2028

  CNY 3,000,000   452,481
China Government Bonds:          
1.99%, 9/15/2024

  CNY 23,000,000   3,161,748
Series INBK, 1.99%, 4/9/2025

  CNY 43,000,000   5,896,663
Series INBK, 2.00%, 6/15/2025

  CNY 10,000,000   1,373,512
2.18%, 8/25/2025

  CNY 25,000,000   3,436,538
Series INBK, 2.24%, 5/25/2025

  CNY 20,000,000   2,753,387
Series INBK, 2.26%, 2/24/2025

  CNY 23,000,000   3,169,049
2.28%, 11/25/2025

  CNY 15,000,000   2,064,763
2.29%, 12/25/2024

  CNY 30,000,000   4,140,583
2.30%, 5/15/2026

  CNY 10,000,000   1,378,228
2.35%, 3/15/2025

  CNY 25,000,000   3,452,764
Series INBK, 2.37%, 1/20/2027

  CNY 18,500,000   2,543,727
2.44%, 10/15/2027

  CNY 15,000,000   2,063,537
2.46%, 2/15/2026

  CNY 25,000,000   3,459,244
Series INBK, 2.47%, 9/2/2024

  CNY 20,000,000   2,765,329
Series INBK, 2.48%, 4/15/2027

  CNY 20,000,000   2,758,716
Series 2216, 2.50%, 7/25/2027

  CNY 19,000,000   2,620,611
2.60%, 9/1/2032

  CNY 10,000,000   1,360,786
2.62%, 4/15/2028

  CNY 16,000,000   2,219,415
Series INBK, 2.62%, 9/25/2029

  CNY 10,000,000   1,373,219
Series INBK, 2.62%, 6/25/2030

  CNY 10,000,000   1,371,348
2.64%, 1/15/2028

  CNY 13,000,000   1,805,107
Series INBK, 2.67%, 5/25/2033

  CNY 15,000,000   2,065,994
Series INBK, 2.68%, 5/21/2030

  CNY 31,000,000   4,261,323
Series INBK, 2.69%, 8/12/2026

  CNY 29,920,000   4,161,802
2.69%, 8/15/2032

  CNY 30,000,000   4,111,943
Series INBK, 2.75%, 6/15/2029

  CNY 24,000,000   3,325,505
 
See accompanying notes to financial statements.
6


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2023 (Unaudited)

Security Description     Principal
Amount
  Value
Series INBK, 2.75%, 2/17/2032

  CNY 23,000,000   $ 3,168,923
2.76%, 5/15/2032

  CNY 15,000,000   2,067,109
2.79%, 12/15/2029

  CNY 20,000,000   2,769,744
Series INBK, 2.80%, 3/24/2029

  CNY 20,000,000   2,784,751
2.80%, 3/25/2030

  CNY 6,000,000   831,840
2.80%, 11/15/2032

  CNY 12,000,000   1,661,668
Series INBK, 2.85%, 6/4/2027

  CNY 30,000,000   4,195,134
2.88%, 2/25/2033

  CNY 25,000,000   3,497,742
Series INBK, 2.89%, 11/18/2031

  CNY 20,500,000   2,855,750
Series 1610, 2.90%, 5/5/2026

  CNY 10,000,000   1,399,250
Series INBK, 2.91%, 10/14/2028

  CNY 30,000,000   4,208,700
Series 1913, 2.94%, 10/17/2024

  CNY 21,000,000   2,923,095
Series INBK, 3.01%, 5/13/2028

  CNY 28,000,000   3,949,673
Series INBK, 3.02%, 10/22/2025

  CNY 34,000,000   4,765,104
Series INBK, 3.02%, 5/27/2031

  CNY 36,000,000   5,074,799
Series INBK, 3.03%, 3/11/2026

  CNY 37,000,000   5,196,538
Series 1916, 3.12%, 12/5/2026

  CNY 27,600,000   3,897,345
Series 1915, 3.13%, 11/21/2029

  CNY 28,000,000   3,967,271
3.19%, 4/15/2053

  CNY 11,000,000   1,562,116
Series 1828, 3.22%, 12/6/2025

  CNY 7,790,000   1,097,566
Series 1907, 3.25%, 6/6/2026

  CNY 29,800,000   4,219,716
Series 1827, 3.25%, 11/22/2028

  CNY 10,000,000   1,432,953
Series INBK, 3.27%, 11/19/2030

  CNY 37,000,000   5,335,329
Series 1619, 3.27%, 8/22/2046

  CNY 10,000,000   1,419,084
Series INBK, 3.28%, 12/3/2027

  CNY 25,400,000   3,626,631
Series 1906, 3.29%, 5/23/2029

  CNY 24,600,000   3,528,466
Series INBK, 3.32%, 4/15/2052

  CNY 5,000,000   716,781
Series INBK, 3.39%, 3/16/2050

  CNY 24,000,000   3,468,949
3.40%, 7/15/2072

  CNY 10,000,000   1,458,138
Series 1626, 3.48%, 11/21/2066

  CNY 6,700,000   992,158
Series 1710, 3.52%, 5/4/2027

  CNY 5,000,000   719,894
Series 1608, 3.52%, 4/25/2046

  CNY 11,000,000   1,616,102
Security Description     Principal
Amount
  Value
Series INBK, 3.53%, 10/18/2051

  CNY 10,000,000   $ 1,485,717
Series 1819, 3.54%, 8/16/2028

  CNY 10,000,000   1,453,862
Series INBK, 3.72%, 4/12/2051

  CNY 14,000,000   2,146,981
Series INBK, 3.73%, 5/25/2070

  CNY 25,000,000   3,915,541
Series 1521, 3.74%, 9/22/2035

  CNY 7,800,000   1,186,801
Series 1525, 3.74%, 10/20/2045

  CNY 8,000,000   1,245,762
Series INBK, 3.76%, 3/22/2071

  CNY 21,000,000   3,318,981
Series 1705, 3.77%, 2/20/2047

  CNY 13,000,000   1,985,943
Series INBK, 3.81%, 9/14/2050

  CNY 24,000,000   3,727,844
Series 1910, 3.86%, 7/22/2049

  CNY 26,500,000   4,136,316
Series 1023, 3.96%, 7/29/2040

  CNY 8,000,000   1,252,128
Series 1817, 3.97%, 7/23/2048

  CNY 10,000,000   1,579,381
Series 1908, 4.00%, 6/24/2069

  CNY 9,000,000   1,489,124
Series 1715, 4.05%, 7/24/2047

  CNY 10,000,000   1,593,097
Series 1003, 4.08%, 3/1/2040

  CNY 5,000,000   805,474
Series 1824, 4.08%, 10/22/2048

  CNY 19,300,000   3,104,894
Series 1508, 4.09%, 4/27/2035

  CNY 1,000,000   157,306
Series 1806, 4.22%, 3/19/2048

  CNY 8,000,000   1,313,231
Series 1722, 4.28%, 10/23/2047

  CNY 3,250,000   536,109
Series 1116, 4.50%, 6/23/2041

  CNY 11,000,000   1,854,084
Series 1417, 4.63%, 8/11/2034

  CNY 7,000,000   1,143,120
Series 1319, 4.76%, 9/16/2043

  CNY 2,000,000   352,219
          208,554,736
COLOMBIA — 4.1%      
Colombia Government International Bonds 9.85%, 6/28/2027

  COP 115,000,000   26,394
Colombia TES:          
Series B, 5.75%, 11/3/2027

  COP 17,750,000,000   3,657,713
Series B, 6.00%, 4/28/2028

  COP 23,015,000,000   4,723,896
Series B, 6.25%, 11/26/2025

  COP 26,875,000,000   5,955,090
 
See accompanying notes to financial statements.
7


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2023 (Unaudited)

Security Description     Principal
Amount
  Value
Series B, 6.25%, 7/9/2036

  COP 5,300,000,000   $ 918,474
Series B, 7.00%, 3/26/2031

  COP 41,850,000,000   8,447,252
Series B, 7.00%, 6/30/2032

  COP 44,464,000,000   8,727,886
Series B, 7.25%, 10/18/2034

  COP 37,025,000,000   7,151,237
Series B, 7.25%, 10/26/2050

  COP 26,100,000,000   4,437,146
Series B, 7.50%, 8/26/2026

  COP 62,202,000,000   13,980,767
Series B, 7.75%, 9/18/2030

  COP 21,800,000,000   4,642,564
Series B, 9.25%, 5/28/2042

  COP 33,400,000,000   7,157,825
          69,826,244
CZECH REPUBLIC — 4.2%      
Czech Republic Government Bonds:          
Series 1351, Zero Coupon, 12/12/2024

  CZK 25,000,000   1,058,463
Series 130, 0.05%, 11/29/2029

  CZK 61,350,000   2,131,508
Series 100, 0.25%, 2/10/2027

  CZK 119,730,000   4,676,083
Series 94, 0.95%, 5/15/2030

  CZK 194,280,000   7,102,505
Series 95, 1.00%, 6/26/2026

  CZK 101,930,000   4,165,225
Series 121, 1.20%, 3/13/2031

  CZK 180,570,000   6,578,077
Series 120, 1.25%, 2/14/2025

  CZK 140,390,000   6,021,268
Series 125, 1.50%, 4/24/2040

  CZK 29,460,000   879,328
Series 11Y, 1.75%, 6/23/2032

  CZK 36,540,000   1,359,122
Series 142, 1.95%, 7/30/2037

  CZK 60,000,000   2,070,547
Series 103, 2.00%, 10/13/2033

  CZK 154,550,000   5,722,016
Series 89, 2.40%, 9/17/2025

  CZK 171,300,000   7,385,058
Series 78, 2.50%, 8/25/2028

  CZK 197,700,000   8,201,470
Series 105, 2.75%, 7/23/2029

  CZK 66,750,000   2,774,112
Series 145, 3.50%, 5/30/2035

  CZK 40,000,000   1,692,623
Series 49, 4.20%, 12/4/2036

  CZK 83,380,000   3,747,665
Series 53, 4.85%, 11/26/2057

  CZK 22,300,000   1,038,360
Series 11Y, 4.90%, 4/14/2034

  CZK 20,000,000   962,490
Security Description     Principal
Amount
  Value
Series 8Y, 5.00%, 9/30/2030

  CZK 40,000,000   $ 1,897,428
Series 6Y, 5.50%, 12/12/2028

  CZK 41,000,000   1,973,105
          71,436,453
HUNGARY — 3.6%      
Hungary Government Bonds:          
Series 26/E, 1.50%, 4/22/2026

  HUF 1,368,180,000   3,284,306
Series 26/F, 1.50%, 8/26/2026 (b)

  HUF 1,703,000,000   4,034,242
Series 29/A, 2.00%, 5/23/2029

  HUF 31,220,000   69,263
Series 33/A, 2.25%, 4/20/2033 (b)

  HUF 929,670,000   1,860,492
Series 34/A, 2.25%, 6/22/2034

  HUF 1,187,500,000   2,278,870
Series 24/C, 2.50%, 10/24/2024

  HUF 2,512,600,000   6,635,580
Series 26/D, 2.75%, 12/22/2026

  HUF 2,230,000,000   5,414,541
Series 27/A, 3.00%, 10/27/2027

  HUF 1,580,970,000   3,848,285
Series 30/A, 3.00%, 8/21/2030 (b)

  HUF 2,787,500,000   6,342,250
Series 38/A, 3.00%, 10/27/2038

  HUF 2,203,760,000   4,136,302
Series 41/A, 3.00%, 4/25/2041

  HUF 68,900,000   123,776
Series 31/A, 3.25%, 10/22/2031 (b)

  HUF 1,219,870,000   2,757,379
Series 28/B, 4.50%, 3/23/2028

  HUF 978,000,000   2,503,495
4.50%, 5/27/2032

  HUF 440,000,000   1,076,165
Series 32/A, 4.75%, 11/24/2032

  HUF 1,720,000,000   4,257,637
Series 25/B, 5.50%, 6/24/2025

  HUF 2,564,620,000   6,939,213
Series 23/A, 6.00%, 11/24/2023

  HUF 10,000   29
Series 28/A, 6.75%, 10/22/2028

  HUF 2,142,500,000   6,002,644
          61,564,469
INDONESIA — 8.6%      
Indonesia Treasury Bonds:          
Series FR90, 5.13%, 4/15/2027

  IDR 33,000,000,000   2,160,385
Series FR86, 5.50%, 4/15/2026

  IDR 70,900,000,000   4,699,265
Series FR64, 6.13%, 5/15/2028

  IDR 73,750,000,000   4,938,815
Series FR88, 6.25%, 6/15/2036

  IDR 20,000,000,000   1,318,952
 
See accompanying notes to financial statements.
8


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2023 (Unaudited)

Security Description     Principal
Amount
  Value
Series FR95, 6.38%, 8/15/2028

  IDR 47,500,000,000   $ 3,228,955
Series FR91, 6.38%, 4/15/2032

  IDR 90,000,000,000   6,019,944
Series FR93, 6.38%, 7/15/2037

  IDR 20,000,000,000   1,320,679
Series FR62, 6.38%, 4/15/2042

  IDR 1,700,000,000   111,395
Series FR81, 6.50%, 6/15/2025

  IDR 72,000,000,000   4,858,146
Series FR87, 6.50%, 2/15/2031

  IDR 81,700,000,000   5,490,501
Series FR65, 6.63%, 5/15/2033

  IDR 60,000,000,000   4,068,518
Series FR89, 6.88%, 8/15/2051

  IDR 20,000,000,000   1,355,743
Series FR59, 7.00%, 5/15/2027

  IDR 68,000,000,000   4,690,730
Series FR82, 7.00%, 9/15/2030

  IDR 88,600,000,000   6,143,590
Series FR96, 7.00%, 2/15/2033

  IDR 60,000,000,000   4,204,262
Series FR98, 7.13%, 6/15/2038

  IDR 8,000,000,000   564,277
Series FR92, 7.13%, 6/15/2042

  IDR 65,000,000,000   4,529,814
Series FR97, 7.13%, 6/15/2043

  IDR 28,000,000,000   1,973,643
Series FR84, 7.25%, 2/15/2026

  IDR 18,000,000,000   1,240,580
Series FR76, 7.38%, 5/15/2048

  IDR 41,700,000,000   2,950,499
Series FR74, 7.50%, 8/15/2032

  IDR 31,300,000,000   2,253,100
Series FR80, 7.50%, 6/15/2035

  IDR 60,600,000,000   4,376,962
Series FR75, 7.50%, 5/15/2038

  IDR 46,910,000,000   3,390,753
Series FR83, 7.50%, 4/15/2040

  IDR 78,500,000,000   5,664,023
Series FR85, 7.75%, 4/15/2031

  IDR 11,000,000,000   794,019
Series FR78, 8.25%, 5/15/2029

  IDR 68,150,000,000   5,007,687
Series FR58, 8.25%, 6/15/2032

  IDR 3,710,000,000   279,703
Series FR72, 8.25%, 5/15/2036

  IDR 47,090,000,000   3,610,534
Series FR56, 8.38%, 9/15/2026

  IDR 74,300,000,000   5,302,728
Series FR68, 8.38%, 3/15/2034

  IDR 77,700,000,000   5,959,079
Series FR79, 8.38%, 4/15/2039

  IDR 46,000,000,000   3,576,950
Series FR73, 8.75%, 5/15/2031

  IDR 39,050,000,000   2,990,448
Security Description     Principal
Amount
  Value
Series FR67, 8.75%, 2/15/2044

  IDR 17,050,000,000   $ 1,362,428
Series FR71, 9.00%, 3/15/2029

  IDR 60,000,000,000   4,568,014
Series FR57, 9.50%, 5/15/2041

  IDR 1,000,000,000   85,323
Series FR45, 9.75%, 5/15/2037

  IDR 1,250,000,000   105,303
Series FR40, 11.00%, 9/15/2025

  IDR 14,000,000,000   1,030,917
Perusahaan Penerbit SBSN Indonesia:          
Series PBS, 4.00%, 7/15/2024

  IDR 30,000,000,000   1,963,890
Series PBS, 4.88%, 7/15/2026

  IDR 67,000,000,000   4,315,802
Series PBS, 5.38%, 8/15/2025

  IDR 15,000,000,000   989,093
Series PBS, 5.88%, 7/15/2028

  IDR 2,338,000,000   153,684
Series PBS, 6.00%, 1/15/2027

  IDR 25,000,000,000   1,659,331
Series PBS, 6.13%, 10/15/2025

  IDR 33,000,000,000   2,205,241
Series PBS, 6.38%, 3/15/2034

  IDR 87,522,000,000   5,675,469
Series PBS, 6.50%, 6/15/2039

  IDR 9,000,000,000   582,604
Series PBS, 6.63%, 10/15/2024

  IDR 46,000,000,000   3,101,652
Series PBS, 6.75%, 6/15/2047

  IDR 51,875,000,000   3,399,202
Series PBS, 7.75%, 10/15/2046

  IDR 23,000,000,000   1,685,255
Series PBS, 8.88%, 11/15/2031

  IDR 64,200,000,000   4,935,641
          146,893,528
ISRAEL — 4.3%      
Israel Government Bonds - Fixed:          
Series 1024, 0.40%, 10/31/2024

  ILS 24,100,000   6,128,990
Series 0425, 0.50%, 4/30/2025

  ILS 28,050,000   7,060,323
Series 0226, 0.50%, 2/27/2026

  ILS 22,000,000   5,400,055
Series 0330, 1.00%, 3/31/2030

  ILS 31,200,000   7,045,585
Series 0432, 1.30%, 4/30/2032

  ILS 9,000,000   1,987,496
Series 0537, 1.50%, 5/31/2037

  ILS 33,600,000   6,717,982
Series 0825, 1.75%, 8/31/2025

  ILS 27,980,000   7,153,979
Series 0327, 2.00%, 3/31/2027

  ILS 29,750,000   7,493,427
 
See accompanying notes to financial statements.
9


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2023 (Unaudited)

Security Description     Principal
Amount
  Value
Series 0928, 2.25%, 9/28/2028

  ILS 38,245,000   $ 9,563,143
Series 1152, 2.80%, 11/29/2052

  ILS 8,000,000   1,655,505
Series 0347, 3.75%, 3/31/2047

  ILS 28,125,000   7,226,886
Series 0142, 5.50%, 1/31/2042

  ILS 18,710,000   6,020,607
Series 1026, 6.25%, 10/30/2026

  ILS 225,000   64,888
          73,518,866
MALAYSIA — 6.8%      
Malaysia Government Bonds:          
Series 0220, 2.63%, 4/15/2031

  MYR 15,800,000   3,102,111
Series 0319, 3.48%, 6/14/2024

  MYR 4,000,000   858,466
Series 0307, 3.50%, 5/31/2027

  MYR 23,670,000   5,042,519
Series 0122, 3.58%, 7/15/2032

  MYR 4,300,000   901,531
Series 0513, 3.73%, 6/15/2028

  MYR 18,150,000   3,903,945
Series 0519, 3.76%, 5/22/2040

  MYR 15,330,000   3,122,977
Series 0419, 3.83%, 7/5/2034

  MYR 9,350,000   1,967,240
Series 0413, 3.84%, 4/15/2033

  MYR 12,860,000   2,736,897
Series 0118, 3.88%, 3/14/2025

  MYR 2,700,000   583,002
Series 0212, 3.89%, 3/15/2027

  MYR 600,000   129,586
Series 0219, 3.89%, 8/15/2029

  MYR 6,805,000   1,464,978
Series 0316, 3.90%, 11/30/2026

  MYR 26,605,000   5,761,454
Series 0417, 3.90%, 11/16/2027

  MYR 3,530,000   763,688
Series 0119, 3.91%, 7/15/2026

  MYR 17,540,000   3,801,417
Series 0115, 3.96%, 9/15/2025

  MYR 16,912,000   3,656,582
Series 0217, 4.06%, 9/30/2024

  MYR 915,000   197,337
Series 0120, 4.07%, 6/15/2050

  MYR 8,800,000   1,835,148
Series 0412, 4.13%, 4/15/2032

  MYR 800,000   173,846
Series 0114, 4.18%, 7/15/2024

  MYR 4,462,000   962,722
Series 0415, 4.25%, 5/31/2035

  MYR 14,650,000   3,186,339
Series 0123, 4.46%, 3/31/2053

  MYR 4,500,000   1,006,756
Security Description     Principal
Amount
  Value
Series 0322, 4.50%, 4/30/2029

  MYR 10,300,000   $ 2,290,812
Series 0318, 4.64%, 11/7/2033

  MYR 5,030,000   1,144,300
Series 0222, 4.70%, 10/15/2042

  MYR 5,000,000   1,152,726
Series 0216, 4.74%, 3/15/2046

  MYR 10,425,000   2,401,888
Series 0317, 4.76%, 4/7/2037

  MYR 9,975,000   2,280,081
Series 3/05, 4.84%, 7/15/2025

  MYR 170,000   37,320
Series 0418, 4.89%, 6/8/2038

  MYR 5,750,000   1,350,298
Series 0518, 4.92%, 7/6/2048

  MYR 8,500,000   2,021,545
Series 0713, 4.94%, 9/30/2043

  MYR 5,000,000   1,184,876
Malaysia Government Investment Issue:          
Series 0120, 3.42%, 9/30/2027

  MYR 19,700,000   4,184,784
Series 0121, 3.45%, 7/15/2036

  MYR 21,000,000   4,235,069
Series 0220, 3.47%, 10/15/2030

  MYR 23,740,000   4,964,014
Series 0123, 3.60%, 7/31/2028

  MYR 5,000,000   1,066,250
Series 0419, 3.66%, 10/15/2024

  MYR 14,350,000   3,080,588
Series 0319, 3.73%, 3/31/2026

  MYR 15,400,000   3,312,786
Series 0415, 3.99%, 10/15/2025

  MYR 8,500,000   1,840,239
Series 0217, 4.05%, 8/15/2024

  MYR 12,000,000   2,588,133
Series 0316, 4.07%, 9/30/2026

  MYR 4,925,000   1,072,433
Series 0318, 4.09%, 11/30/2023

  MYR 870,000   186,989
Series 0619, 4.12%, 11/30/2034

  MYR 10,000,000   2,166,390
Series 0118, 4.13%, 8/15/2025

  MYR 7,380,000   1,605,448
Series 0119, 4.13%, 7/9/2029

  MYR 6,500,000   1,417,948
Series 0122, 4.19%, 10/7/2032

  MYR 9,000,000   1,974,742
Series 0117, 4.26%, 7/26/2027

  MYR 3,720,000   815,590
Series 0223, 4.29%, 8/14/2043

  MYR 5,000,000   1,087,102
Series 0218, 4.37%, 10/31/2028

  MYR 20,180,000   4,462,083
Series 0221, 4.42%, 9/30/2041

  MYR 12,200,000   2,688,498
 
See accompanying notes to financial statements.
10


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2023 (Unaudited)

Security Description     Principal
Amount
  Value
Series 0219, 4.47%, 9/15/2039

  MYR 15,800,000   $ 3,507,299
Series 0513, 4.58%, 8/30/2033

  MYR 8,400,000   1,902,559
Series 0519, 4.64%, 11/15/2049

  MYR 12,500,000   2,811,642
Series 0617, 4.72%, 6/15/2033

  MYR 13,200,000   3,016,953
Series 0517, 4.76%, 8/4/2037

  MYR 3,300,000   762,520
Series 0615, 4.79%, 10/31/2035

  MYR 810,000   186,375
Series 0417, 4.90%, 5/8/2047

  MYR 1,750,000   410,649
Series 0222, 5.36%, 5/15/2052

  MYR 7,000,000   1,758,949
          116,128,419
MEXICO — 7.1%      
Mexico Bonos:          
Series M, 5.00%, 3/6/2025

  MXN 198,000,000   10,655,091
Series M, 5.50%, 3/4/2027

  MXN 231,829,300   12,041,120
Series M, 5.75%, 3/5/2026

  MXN 244,157,200   13,010,423
Series M 20, 7.50%, 6/3/2027

  MXN 61,220,700   3,394,348
Series M, 7.50%, 5/26/2033

  MXN 69,200,000   3,714,661
Series M, 7.75%, 5/29/2031

  MXN 278,396,800   15,346,115
Series M, 7.75%, 11/23/2034

  MXN 20,268,100   1,102,895
Series M, 7.75%, 11/13/2042

  MXN 214,089,600   11,195,498
Series M, 8.00%, 9/5/2024

  MXN 173,640,200   9,793,427
Series M, 8.00%, 11/7/2047

  MXN 105,950,800   5,642,719
Series M, 8.00%, 7/31/2053

  MXN 45,000,000   2,379,158
Series M 20, 8.50%, 5/31/2029

  MXN 156,486,300   9,033,695
Series M 30, 8.50%, 11/18/2038

  MXN 167,050,000   9,486,800
Series M 20, 10.00%, 12/5/2024

  MXN 123,495,500   7,147,841
Series M 30, 10.00%, 11/20/2036

  MXN 28,100,000   1,810,800
Mexico Cetes:          
Series BI, Zero Coupon, 10/3/2024

  MXN 400,000,000   2,048,143
Series BI, Zero Coupon, 1/23/2025

  MXN 190,000,000   946,328
Security Description     Principal
Amount
  Value
Series BI, Zero Coupon, 5/15/2025

  MXN 500,000,000   $ 2,420,921
          121,169,983
PERU — 3.4%      
Peru Government Bonds:          
5.35%, 8/12/2040

  PEN 500,000   114,595
5.40%, 8/12/2034

  PEN 11,000,000   2,676,685
5.70%, 8/12/2024

  PEN 8,200,000   2,247,747
5.94%, 2/12/2029

  PEN 4,025,000   1,088,105
6.15%, 8/12/2032

  PEN 20,707,000   5,451,908
6.35%, 8/12/2028

  PEN 42,400,000   11,863,804
6.71%, 2/12/2055

  PEN 1,000,000   261,190
6.85%, 2/12/2042

  PEN 9,200,000   2,470,302
6.90%, 8/12/2037

  PEN 54,775,000   14,869,466
6.95%, 8/12/2031

  PEN 27,420,000   7,666,506
7.30%, 8/12/2033

  PEN 30,000,000   8,505,562
Peruvian Government International Bonds Series REGS, 6.71%, 2/12/2055

  PEN 475,000   124,065
          57,339,935
PHILIPPINES — 4.2%      
Philippines Government Bonds:          
Series 1065, 2.88%, 7/9/2030

  PHP 153,500,000   2,234,552
Series 5-77, 3.38%, 4/8/2026

  PHP 270,000,000   4,532,796
Series R105, 3.50%, 9/20/2026

  PHP 22,000,000   362,205
Series 1060, 3.63%, 9/9/2025

  PHP 82,000,000   1,400,166
Series 7-64, 3.63%, 4/22/2028

  PHP 70,000,000   1,136,155
Series 2020, 3.63%, 3/21/2033

  PHP 43,150,000   620,946
Series 7-65, 3.75%, 8/12/2028

  PHP 460,000,000   7,416,852
Series 1066, 4.00%, 7/22/2031

  PHP 227,000,000   3,482,911
Series 1059, 4.13%, 8/20/2024

  PHP 18,700,000   329,910
Series 5-76, 4.25%, 10/17/2024

  PHP 50,000,000   880,390
Series 3-27, 4.25%, 4/7/2025

  PHP 215,000,000   3,750,992
Series 7-59, 4.50%, 4/20/2024

  PHP 68,200,000   1,215,806
Series 2511, 4.63%, 9/9/2040

  PHP 156,500,000   2,306,366
Series 1061, 4.75%, 5/4/2027

  PHP 276,950,000   4,708,903
Series 1067, 4.88%, 1/20/2032

  PHP 380,000,000   6,170,018
 
See accompanying notes to financial statements.
11


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2023 (Unaudited)

Security Description     Principal
Amount
  Value
Series 2024, 5.13%, 7/15/2041

  PHP 20,000,000   $ 311,926
Series 3-01, 5.25%, 2/4/2026

  PHP 30,000,000   529,649
Series 2021, 5.25%, 5/18/2037

  PHP 48,800,000   789,196
Series 7-61, 5.75%, 4/12/2025

  PHP 89,500,000   1,603,402
Series R251, 6.13%, 10/24/2037

  PHP 67,000,000   1,161,250
Series 7-62, 6.25%, 2/14/2026

  PHP 105,000,000   1,895,248
Series 1063, 6.25%, 3/22/2028

  PHP 97,700,000   1,780,492
Series 2022, 6.50%, 2/22/2038

  PHP 40,000,000   735,656
Series 1069, 6.75%, 9/15/2032

  PHP 200,000,000   3,707,389
Series 2023, 6.75%, 1/24/2039

  PHP 52,700,000   985,190
Series 1064, 6.88%, 1/10/2029

  PHP 93,000,000   1,735,174
Series 2017, 8.00%, 7/19/2031

  PHP 274,237,338   5,439,492
Series 25-7, 8.00%, 9/30/2035

  PHP 108,000,000   2,221,930
Series 25-8, 8.13%, 12/16/2035

  PHP 198,800,000   4,131,643
Series 4211, 8.13%, 11/24/2042