SPDR S&P Aerospace & Defense ETF |
SPDR S&P Bank ETF |
SPDR S&P Homebuilders ETF |
SPDR S&P Oil & Gas Exploration & Production ETF |
SPDR S&P Regional Banking ETF |
Portfolio Statistics (Unaudited) | |
|
1 |
|
2 |
|
3 |
|
4 |
|
5 |
Schedules of Investments (Unaudited) | |
|
6 |
|
8 |
|
12 |
|
15 |
|
19 |
|
24 |
|
33 |
|
38 |
|
50 |
Description | % of Net Assets | ||
Mercury Systems, Inc. | 4.6% | ||
Axon Enterprise, Inc. | 4.4 | ||
Spirit AeroSystems Holdings, Inc. Class A | 4.3 | ||
TransDigm Group, Inc. | 4.2 | ||
Northrop Grumman Corp. | 4.2 | ||
Curtiss-Wright Corp. | 4.1 | ||
Howmet Aerospace, Inc. | 4.1 | ||
Lockheed Martin Corp. | 4.1 | ||
Textron, Inc. | 4.1 | ||
General Dynamics Corp. | 4.1 | ||
TOTAL | 42.2% |
% of Net Assets | |||
Aerospace & Defense | 100.0% | ||
Short-Term Investments | 1.5 | ||
Liabilities in Excess of Other Assets | (1.5) | ||
TOTAL | 100.0% |
Description | % of Net Assets | ||
Signature Bank | 1.4% | ||
Voya Financial, Inc. | 1.4 | ||
Comerica, Inc. | 1.4 | ||
Sterling Bancorp | 1.4 | ||
Webster Financial Corp. | 1.4 | ||
First Citizens BancShares, Inc. Class A | 1.4 | ||
Popular, Inc. | 1.4 | ||
Bank of New York Mellon Corp. | 1.4 | ||
Synovus Financial Corp. | 1.4 | ||
Equitable Holdings, Inc. | 1.4 | ||
TOTAL | 14.0% |
% of Net Assets | |||
Regional Banks | 74.7% | ||
Thrifts & Mortgage Finance | 12.8 | ||
Diversified Banks | 6.7 | ||
Asset Management & Custody Banks | 2.8 | ||
Other Diversified Financial Services | 2.8 | ||
Short-Term Investments | 2.1 | ||
Liabilities in Excess of Other Assets | (1.9) | ||
TOTAL | 100.0% |
Description | % of Net Assets | ||
Builders FirstSource, Inc. | 4.2% | ||
Johnson Controls International PLC | 4.0 | ||
Masco Corp. | 4.0 | ||
Mohawk Industries, Inc. | 4.0 | ||
Whirlpool Corp. | 3.9 | ||
PulteGroup, Inc. | 3.9 | ||
Allegion PLC | 3.9 | ||
Fortune Brands Home & Security, Inc. | 3.9 | ||
Home Depot, Inc. | 3.9 | ||
Trane Technologies PLC | 3.9 | ||
TOTAL | 39.6% |
% of Net Assets | |||
Building Products | 44.0% | ||
Homebuilding | 29.6 | ||
Home Improvement Retail | 11.3 | ||
Homefurnishing Retail | 7.2 | ||
Home Furnishings | 4.0 | ||
Household Appliances | 3.9 | ||
Short-Term Investments | 0.3 | ||
Liabilities in Excess of Other Assets | (0.3) | ||
TOTAL | 100.0% |
Description | % of Net Assets | ||
Valero Energy Corp. | 2.6% | ||
EQT Corp. | 2.5 | ||
Devon Energy Corp. | 2.4 | ||
PBF Energy, Inc. Class A | 2.4 | ||
Marathon Oil Corp. | 2.4 | ||
APA Corp. | 2.4 | ||
Antero Resources Corp. | 2.4 | ||
Marathon Petroleum Corp. | 2.4 | ||
Phillips 66 | 2.4 | ||
Chevron Corp. | 2.4 | ||
TOTAL | 24.3% |
% of Net Assets | |||
Oil & Gas Exploration & Production | 70.6% | ||
Oil & Gas Refining & Marketing | 22.2 | ||
Integrated Oil & Gas | 7.0 | ||
Short-Term Investments | 3.7 | ||
Liabilities in Excess of Other Assets | (3.5) | ||
TOTAL | 100.0% |
Description | % of Net Assets | ||
Signature Bank | 2.0% | ||
Comerica, Inc. | 2.0 | ||
First Citizens BancShares, Inc. Class A | 1.9 | ||
East West Bancorp, Inc. | 1.9 | ||
People's United Financial, Inc. | 1.9 | ||
Huntington Bancshares, Inc. | 1.9 | ||
M&T Bank Corp. | 1.9 | ||
Western Alliance Bancorp | 1.9 | ||
KeyCorp. | 1.9 | ||
Synovus Financial Corp. | 1.9 | ||
TOTAL | 19.2% |
% of Net Assets | |||
Regional Banks | 99.8% | ||
Short-Term Investments | 0.2 | ||
Liabilities in Excess of Other Assets | (0.0)* | ||
TOTAL | 100.0% | ||
* | Amount shown represents less than 0.05% of net assets. |
Security Description | Shares | Value | |||
COMMON STOCKS — 100.0% | |||||
AEROSPACE & DEFENSE — 100.0% | |||||
AAR Corp. (a)
|
466,138 | $ 18,193,366 | |||
Aerojet Rocketdyne Holdings, Inc. (b)
|
955,295 | 44,669,594 | |||
AeroVironment, Inc. (a)
|
318,515 | 19,757,485 | |||
Astra Space, Inc. (a) (b)
|
4,977,823 | 34,496,313 | |||
Axon Enterprise, Inc. (a)
|
312,851 | 49,117,607 | |||
Boeing Co. (a)
|
215,805 | 43,445,863 | |||
BWX Technologies, Inc.
|
925,211 | 44,299,103 | |||
Curtiss-Wright Corp.
|
330,664 | 45,853,177 | |||
Ducommun, Inc. (a)
|
72,120 | 3,373,052 | |||
General Dynamics Corp.
|
215,941 | 45,017,220 | |||
HEICO Corp.
|
305,867 | 44,112,139 | |||
Hexcel Corp. (a)
|
854,467 | 44,261,391 | |||
Howmet Aerospace, Inc.
|
1,433,987 | 45,643,806 | |||
Huntington Ingalls Industries, Inc.
|
237,957 | 44,436,090 | |||
Kaman Corp. (b)
|
311,308 | 13,432,940 | |||
Kratos Defense & Security Solutions, Inc.
(a)
|
1,749,569 | 33,941,639 | |||
L3Harris Technologies, Inc.
|
204,119 | 43,526,336 | |||
Lockheed Martin Corp.
|
128,314 | 45,604,079 | |||
Maxar Technologies, Inc. (b)
|
1,486,442 | 43,894,632 | |||
Mercury Systems, Inc. (a)
|
933,604 | 51,404,236 | |||
Moog, Inc. Class A
|
208,092 | 16,849,209 | |||
National Presto Industries, Inc.
|
49,972 | 4,099,203 | |||
Northrop Grumman Corp.
|
119,261 | 46,162,355 | |||
PAE, Inc. (a)
|
809,591 | 8,039,239 | |||
Parsons Corp. (a) (b)
|
701,747 | 23,613,787 | |||
Raytheon Technologies Corp.
|
513,613 | 44,201,535 | |||
Spirit AeroSystems Holdings, Inc. Class A
|
1,090,777 | 47,001,581 | |||
Textron, Inc.
|
586,830 | 45,303,276 | |||
TransDigm Group, Inc. (a)
|
73,108 | 46,517,158 | |||
Triumph Group, Inc. (a)
|
1,273,798 | 23,603,477 | |||
Vectrus, Inc. (a)
|
80,778 | 3,697,209 | |||
Virgin Galactic Holdings, Inc. (a)
|
2,909,457 | 38,928,535 | |||
TOTAL COMMON STOCKS (Cost
$1,167,326,069)
|
1,106,496,632 | ||||
SHORT-TERM INVESTMENTS — 1.5% | |||||
State Street Institutional Liquid Reserves Fund,
Premier Class 0.04% (c) (d)
|
1,947,465 | 1,947,660 |
Security Description | Shares | Value | |||
State Street Navigator Securities Lending
Portfolio II (e) (f)
|
14,605,919 | $ 14,605,919 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost
$16,553,579)
|
16,553,579 | ||||
TOTAL INVESTMENTS — 101.5% (Cost
$1,183,879,648)
|
1,123,050,211 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS —
(1.5)%
|
(16,082,106) | ||||
NET ASSETS — 100.0%
|
$ 1,106,968,105 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at December 31, 2021. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2021. |
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks
|
$1,106,496,632 | $— | $— | $1,106,496,632 | ||||
Short-Term Investments
|
16,553,579 | — | — | 16,553,579 | ||||
TOTAL INVESTMENTS
|
$ 1,123,050,211 | $— | $— | $ 1,123,050,211 |
Number
of Shares Held at 6/30/21 |
Value
at 6/30/21 |
Cost
of Purchases |
Proceeds
from Shares Sold |
Realized
Gain (Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Number
of Shares Held at 12/31/21 |
Value
at 12/31/21 |
Dividend
Income | |||||||||
State Street Institutional Liquid Reserves Fund,
Premier Class
|
2,353,875 | $2,354,581 | $ 5,121,091 | $ 5,527,659 | $(353) | $— | 1,947,465 | $ 1,947,660 | $ 270 | ||||||||
State Street Navigator Securities Lending
Portfolio II
|
2,610,218 | 2,610,218 | 190,400,548 | 178,404,847 | — | — | 14,605,919 | 14,605,919 | 15,403 | ||||||||
Total
|
$4,964,799 | $195,521,639 | $183,932,506 | $(353) | $— | $16,553,579 | $15,673 |
Security Description | Shares | Value | |||
COMMON STOCKS — 99.8% | |||||
ASSET MANAGEMENT & CUSTODY BANKS — 2.8% | |||||
Bank of New York Mellon Corp.
|
736,478 | $ 42,774,642 | |||
Northern Trust Corp.
|
352,990 | 42,221,134 | |||
84,995,776 | |||||
DIVERSIFIED BANKS — 6.7% | |||||
Bank of America Corp.
|
938,423 | 41,750,439 | |||
Citigroup, Inc.
|
688,170 | 41,558,586 | |||
JPMorgan Chase & Co.
|
261,461 | 41,402,350 | |||
US Bancorp
|
723,193 | 40,621,751 | |||
Wells Fargo & Co.
|
832,265 | 39,932,075 | |||
205,265,201 | |||||
OTHER DIVERSIFIED FINANCIAL SERVICES — 2.8% | |||||
Equitable Holdings, Inc.
|
1,291,458 | 42,346,908 | |||
Voya Financial, Inc. (a)
|
660,717 | 43,812,144 | |||
86,159,052 | |||||
REGIONAL BANKS — 74.7% | |||||
Ameris Bancorp
|
492,280 | 24,456,470 | |||
Associated Banc-Corp.
|
1,774,548 | 40,087,039 | |||
Atlantic Union Bankshares Corp.
|
341,551 | 12,736,437 | |||
Bank of Hawaii Corp.
|
209,209 | 17,523,346 | |||
Bank OZK
|
733,693 | 34,138,735 | |||
BankUnited, Inc.
|
912,506 | 38,608,129 | |||
Banner Corp.
|
201,425 | 12,220,455 | |||
BOK Financial Corp. (a)
|
173,998 | 18,355,049 | |||
Cadence Bank
|
1,380,716 | 41,131,530 | |||
Cathay General Bancorp
|
409,064 | 17,585,661 | |||
CIT Group, Inc.
|
817,525 | 41,971,734 | |||
Citizens Financial Group, Inc.
|
881,462 | 41,649,080 | |||
Columbia Banking System, Inc.
|
888,842 | 29,082,910 | |||
Comerica, Inc.
|
494,239 | 42,998,793 | |||
Commerce Bancshares, Inc.
|
440,406 | 30,273,508 | |||
Community Bank System, Inc.
|
247,938 | 18,466,422 | |||
Cullen/Frost Bankers, Inc.
|
324,599 | 40,922,196 | |||
CVB Financial Corp.
|
688,732 | 14,745,752 | |||
East West Bancorp, Inc.
|
537,117 | 42,260,366 | |||
Eastern Bankshares, Inc.
|
822,092 | 16,581,596 | |||
Fifth Third Bancorp
|
954,713 | 41,577,751 | |||
First BanCorp
|
2,294,935 | 31,624,204 | |||
First Citizens BancShares, Inc. Class A (a)
|
51,657 | 42,867,045 |
Security Description | Shares | Value | |||
First Financial Bancorp
|
453,959 | $ 11,067,520 | |||
First Financial Bankshares, Inc. (a)
|
530,400 | 26,965,536 | |||
First Hawaiian, Inc.
|
688,320 | 18,811,786 | |||
First Horizon Corp.
|
2,558,448 | 41,779,456 | |||
First Merchants Corp.
|
231,153 | 9,682,999 | |||
First Midwest Bancorp, Inc.
|
660,744 | 13,532,037 | |||
First Republic Bank
|
200,214 | 41,346,193 | |||
FNB Corp.
|
3,214,012 | 38,985,966 | |||
Fulton Financial Corp.
|
1,299,757 | 22,095,869 | |||
Glacier Bancorp, Inc.
|
445,327 | 25,250,041 | |||
Hancock Whitney Corp.
|
483,476 | 24,183,470 | |||
Hilltop Holdings, Inc.
|
509,723 | 17,911,666 | |||
Home BancShares, Inc.
|
796,886 | 19,404,174 | |||
Hope Bancorp, Inc.
|
876,238 | 12,889,461 | |||
Huntington Bancshares, Inc.
|
2,736,082 | 42,190,384 | |||
Independent Bank Corp.
|
275,318 | 22,446,677 | |||
Independent Bank Group, Inc. (a)
|
167,463 | 12,082,455 | |||
International Bancshares Corp.
|
251,764 | 10,672,276 | |||
Investors Bancorp, Inc.
|
1,791,733 | 27,144,755 | |||
KeyCorp.
|
1,815,705 | 41,997,257 | |||
Live Oak Bancshares, Inc. (a)
|
268,539 | 23,440,769 | |||
M&T Bank Corp.
|
274,466 | 42,152,488 | |||
Old National Bancorp (a)
|
1,682,306 | 30,483,385 | |||
Pacific Premier Bancorp, Inc.
|
482,014 | 19,295,020 | |||
PacWest Bancorp
|
930,112 | 42,013,159 | |||
People's United Financial, Inc.
|
2,368,532 | 42,207,240 | |||
Pinnacle Financial Partners, Inc.
|
436,871 | 41,721,181 | |||
PNC Financial Services Group, Inc.
|
207,329 | 41,573,611 | |||
Popular, Inc.
|
521,427 | 42,777,871 | |||
Prosperity Bancshares, Inc.
|
417,067 | 30,153,944 | |||
Regions Financial Corp.
|
1,879,454 | 40,972,097 | |||
Renasant Corp. (a)
|
287,975 | 10,928,651 | |||
Sandy Spring Bancorp, Inc.
|
229,728 | 11,045,322 | |||
Signature Bank
|
136,976 | 44,307,627 | |||
Silvergate Capital Corp. Class A (b)
|
273,327 | 40,507,061 | |||
Simmons First National Corp. Class A (a)
|
619,096 | 18,312,860 | |||
SouthState Corp.
|
480,512 | 38,493,816 | |||
Sterling Bancorp
|
1,666,588 | 42,981,305 | |||
SVB Financial Group (b)
|
59,392 | 40,282,030 | |||
Synovus Financial Corp.
|
886,508 | 42,437,138 | |||
Texas Capital Bancshares, Inc. (b)
|
602,220 | 36,283,755 | |||
Triumph Bancorp, Inc. (b)
|
160,939 | 19,164,616 |
Security Description | Shares | Value | |||
Truist Financial Corp.
|
703,533 | $ 41,191,857 | |||
Trustmark Corp.
|
371,987 | 12,074,698 | |||
UMB Financial Corp.
|
264,314 | 28,046,359 | |||
Umpqua Holdings Corp.
|
2,077,813 | 39,977,122 | |||
United Bankshares, Inc.
|
661,936 | 24,015,038 | |||
United Community Banks, Inc.
|
636,399 | 22,872,180 | |||
Valley National Bancorp
|
2,520,068 | 34,650,935 | |||
Webster Financial Corp.
|
768,683 | 42,923,259 | |||
WesBanco, Inc.
|
417,828 | 14,619,802 | |||
Western Alliance Bancorp
|
390,102 | 41,994,480 | |||
Wintrust Financial Corp.
|
407,155 | 36,977,817 | |||
Zions Bancorp NA
|
660,928 | 41,744,213 | |||
2,294,926,892 | |||||
THRIFTS & MORTGAGE FINANCE — 12.8% | |||||
Axos Financial, Inc. (b)
|
288,378 | 16,123,214 | |||
Essent Group, Ltd.
|
738,980 | 33,645,760 | |||
Flagstar Bancorp, Inc.
|
549,449 | 26,340,585 | |||
MGIC Investment Corp.
|
2,921,716 | 42,131,145 | |||
Mr Cooper Group, Inc. (b)
|
1,001,171 | 41,658,725 | |||
New York Community Bancorp, Inc. (a)
|
3,388,501 | 41,373,597 | |||
NMI Holdings, Inc. Class A (b)
|
632,104 | 13,811,472 | |||
PennyMac Financial Services, Inc.
|
605,972 | 42,284,726 | |||
Radian Group, Inc.
|
1,825,809 | 38,579,344 | |||
Rocket Cos., Inc. Class A (a)
|
2,585,426 | 36,195,964 | |||
Walker & Dunlop, Inc.
|
147,205 | 22,210,291 | |||
Washington Federal, Inc.
|
566,466 | 18,908,635 | |||
WSFS Financial Corp.
|
394,360 | 19,765,323 | |||
393,028,781 | |||||
TOTAL COMMON STOCKS (Cost
$2,990,623,356)
|
3,064,375,702 | ||||
SHORT-TERM INVESTMENTS — 2.1% | |||||
State Street Institutional Liquid Reserves Fund,
Premier Class 0.04% (c) (d)
|
2,051,806 | 2,052,011 |
Security Description | Shares | Value | |||
State Street Navigator Securities Lending
Portfolio II (e) (f)
|
63,700,532 | $ 63,700,532 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost
$65,752,543)
|
65,752,543 | ||||
TOTAL INVESTMENTS — 101.9% (Cost
$3,056,375,899)
|
3,130,128,245 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS —
(1.9)%
|
(59,299,429) | ||||
NET ASSETS — 100.0%
|
$ 3,070,828,816 |
(a) | All or a portion of the shares of the security are on loan at December 31, 2021. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2021. |
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks
|
$3,064,375,702 | $— | $— | $3,064,375,702 | ||||
Short-Term Investments
|
65,752,543 | — | — | 65,752,543 | ||||
TOTAL INVESTMENTS
|
$3,130,128,245 | $— | $— | $3,130,128,245 |
Number
of Shares Held at 6/30/21 |
Value
at 6/30/21 |
Cost
of Purchases |
Proceeds
from Shares Sold |
Realized
Gain (Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Number
of Shares Held at 12/31/21 |
Value
at 12/31/21 |
Dividend
Income | |||||||||
State Street Institutional Liquid Reserves Fund,
Premier Class
|
1,773,419 | $ 1,773,951 | $ 62,140,635 | $ 61,861,814 | $(674) | $(87) | 2,051,806 | $ 2,052,011 | $ 1,002 | ||||||||
State Street Navigator Securities Lending
Portfolio II
|
33,030,723 | 33,030,723 | 364,385,656 | 333,715,846 | — | — | 63,700,532 | 63,700,532 | 40,991 | ||||||||
Total
|
$34,804,674 | $426,526,291 | $395,577,660 | $(674) | $(87) | $65,752,543 | $41,993 |
Security Description | Shares | Value | |||
COMMON STOCKS — 100.0% | |||||
BUILDING PRODUCTS — 44.0% | |||||
A.O. Smith Corp.
|
1,004,182 | $ 86,209,025 | |||
Allegion PLC
|
745,796 | 98,773,222 | |||
Builders FirstSource, Inc. (a)
|
1,228,811 | 105,321,391 | |||
Carlisle Cos., Inc.
|
242,874 | 60,261,897 | |||
Carrier Global Corp.
|
1,761,439 | 95,540,451 | |||
Fortune Brands Home & Security, Inc.
|
920,436 | 98,394,608 | |||
Johnson Controls International PLC
|
1,232,267 | 100,195,630 | |||
Lennox International, Inc.
|
290,602 | 94,259,665 | |||
Masco Corp.
|
1,422,612 | 99,895,815 | |||
Owens Corning
|
1,040,883 | 94,199,911 | |||
Trane Technologies PLC
|
482,403 | 97,459,878 | |||
Trex Co., Inc. (a)
|
561,850 | 75,866,606 | |||
1,106,378,099 | |||||
HOME FURNISHINGS — 4.0% | |||||
Mohawk Industries, Inc. (a)
|
547,966 | 99,828,446 | |||
HOME IMPROVEMENT RETAIL — 11.3% | |||||
Floor & Decor Holdings, Inc. Class A
(a)
|
688,913 | 89,565,579 | |||
Home Depot, Inc.
|
235,299 | 97,651,438 | |||
Lowe's Cos., Inc.
|
374,056 | 96,685,995 | |||
283,903,012 | |||||
HOMEBUILDING — 29.6% | |||||
Cavco Industries, Inc. (a)
|
33,416 | 10,614,592 | |||
Century Communities, Inc.
|
258,246 | 21,121,940 | |||
D.R. Horton, Inc.
|
891,396 | 96,671,896 | |||
Green Brick Partners, Inc. (a)
|
347,543 | 10,540,979 | |||
Installed Building Products, Inc. (b)
|
158,073 | 22,085,960 | |||
Lennar Corp. Class A
|
836,297 | 97,144,260 | |||
LGI Homes, Inc. (a)
|
209,573 | 32,374,837 | |||
M/I Homes, Inc. (a)
|
333,366 | 20,728,698 | |||
MDC Holdings, Inc.
|
417,326 | 23,299,311 | |||
NVR, Inc. (a)
|
16,462 | 97,271,818 | |||
PulteGroup, Inc.
|
1,739,144 | 99,409,471 | |||
Skyline Champion Corp. (a)
|
328,299 | 25,929,055 | |||
Taylor Morrison Home Corp. (a)
|
842,665 | 29,459,568 | |||
Toll Brothers, Inc.
|
942,381 | 68,218,961 | |||
TopBuild Corp. (a)
|
207,629 | 57,286,917 | |||
Tri Pointe Homes, Inc. (a)
|
1,157,296 | 32,276,985 | |||
744,435,248 |
Security Description | Shares | Value | |||
HOMEFURNISHING RETAIL — 7.2% | |||||
RH (a) (b)
|
162,064 | $ 86,856,580 | |||
Williams-Sonoma, Inc. (b)
|
557,207 | 94,240,420 | |||
181,097,000 | |||||
HOUSEHOLD APPLIANCES — 3.9% | |||||
Whirlpool Corp.
|
424,957 | 99,720,410 | |||
TOTAL COMMON STOCKS (Cost
$2,377,236,182)
|
2,515,362,215 | ||||
SHORT-TERM INVESTMENTS — 0.3% | |||||
State Street Institutional Liquid Reserves Fund,
Premier Class 0.04% (c) (d)
|
650,784 | 650,848 | |||
State Street Navigator Securities Lending
Portfolio II (e) (f)
|
6,887,436 | 6,887,436 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost
$7,538,089)
|
7,538,284 | ||||
TOTAL INVESTMENTS — 100.3% (Cost
$2,384,774,271)
|
2,522,900,499 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS —
(0.3)%
|
(6,391,307) | ||||
NET ASSETS — 100.0%
|
$ 2,516,509,192 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at December 31, 2021. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at December 31, 2021. |
(e) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(f) | Investment of cash collateral for securities loaned. |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks
|
$2,515,362,215 | $— | $— | $2,515,362,215 | ||||
Short-Term Investments
|
7,538,284 | — | — | 7,538,284 | ||||
TOTAL INVESTMENTS
|
$2,522,900,499 | $— | $— | $2,522,900,499 |
Number
of Shares Held at 6/30/21 |
Value
at 6/30/21 |
Cost
of Purchases |
Proceeds
from Shares Sold |
Realized
Gain (Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Number
of Shares Held at 12/31/21 |
Value
at 12/31/21 |
Dividend
Income | |||||||||
State Street Institutional Liquid Reserves Fund,
Premier Class
|
1,448,750 | $ 1,449,184 | $26,654,096 | $ 27,452,192 | $(173) | $(67) | 650,784 | $ 650,848 | $ 210 | ||||||||
State Street Navigator Securities Lending
Portfolio II
|
34,448,563 | 34,448,563 | 66,531,440 | 94,092,567 | — | — | 6,887,436 | 6,887,436 | 3,974 | ||||||||
Total
|
$35,897,747 | $93,185,536 | $121,544,759 | $(173) | $(67) | $7,538,284 | $4,184 |
Security Description | Shares | Value | |||
COMMON STOCKS — 99.8% | |||||
INTEGRATED OIL & GAS — 7.0% | |||||
Chevron Corp.
|
675,773 | $ 79,301,962 | |||
Exxon Mobil Corp.
|
1,269,159 | 77,659,839 | |||
Occidental Petroleum Corp.
|
2,598,896 | 75,341,995 | |||
232,303,796 | |||||
OIL & GAS EXPLORATION & PRODUCTION — 70.6% | |||||
Antero Resources Corp. (a)
|
4,593,233 | 80,381,577 | |||
APA Corp.
|
2,998,466 | 80,628,751 | |||
Berry Corp.
|
652,217 | 5,491,667 | |||
Brigham Minerals, Inc. Class A
|
411,256 | 8,673,389 | |||
California Resources Corp.
|
1,272,324 | 54,340,958 | |||
Callon Petroleum Co. (a) (b)
|
1,534,372 | 72,499,077 | |||
Centennial Resource Development, Inc. Class A
(a) (b)
|
9,596,058 | 57,384,427 | |||
Civitas Resources, Inc.
|
990,068 | 48,483,630 | |||
CNX Resources Corp. (a) (b)
|
4,783,248 | 65,769,660 | |||
Comstock Resources, Inc. (a) (b)
|
6,197,163 | 50,135,049 | |||
ConocoPhillips
|
1,088,125 | 78,540,863 | |||
Continental Resources, Inc. (b)
|
1,741,479 | 77,948,600 | |||
Coterra Energy, Inc.
|
3,824,460 | 72,664,740 | |||
Crescent Energy, Inc. Class A (a) (b)
|
426,611 | 5,409,427 | |||
Denbury, Inc. (a)
|
951,847 | 72,901,962 | |||
Devon Energy Corp.
|
1,841,745 | 81,128,867 | |||
Diamondback Energy, Inc.
|
719,266 | 77,572,838 | |||
EOG Resources, Inc.
|
891,722 | 79,211,665 | |||
EQT Corp. (a)
|
3,833,644 | 83,611,776 | |||
Gulfport Energy Corp. (a)
|
124,607 | 8,975,442 | |||
Hess Corp.
|
1,010,161 | 74,782,219 | |||
Kosmos Energy, Ltd. (a) (b)
|
12,059,080 | 41,724,417 | |||
Laredo Petroleum, Inc. (a) (b)
(c)
|
1,147,543 | 69,001,761 | |||
Magnolia Oil & Gas Corp. Class A (b)
|
3,189,369 | 60,183,393 | |||
Marathon Oil Corp.
|
4,930,248 | 80,954,672 | |||
Matador Resources Co.
|
2,017,384 | 74,481,817 | |||
Murphy Oil Corp. (b)
|
2,812,793 | 73,442,025 | |||
Northern Oil and Gas, Inc. (b)
|
1,548,672 | 31,871,670 | |||
Oasis Petroleum, Inc.
|
422,802 | 53,268,824 | |||
Ovintiv, Inc.
|
2,308,485 | 77,795,945 | |||
PDC Energy, Inc.
|
1,239,280 | 60,452,078 | |||
Pioneer Natural Resources Co.
|
434,061 | 78,947,015 | |||
Range Resources Corp. (a)
|
4,145,619 | 73,916,387 | |||
Ranger Oil Corp. Class A (a)
|
634,094 | 17,069,810 |
Security Description | Shares | Value | |||
SM Energy Co.
|
2,441,056 | $ 71,962,331 | |||
Southwestern Energy Co. (a) (b)
|
14,539,941 | 67,756,125 | |||
Talos Energy, Inc. (a) (b)
|
1,886,163 | 18,484,397 | |||
Tellurian, Inc. (a) (b)
|
21,244,051 | 65,431,677 | |||
Texas Pacific Land Corp.
|
40,010 | 49,967,289 | |||
Whiting Petroleum Corp. (a)
|
839,662 | 54,309,338 | |||
2,357,557,555 | |||||
OIL & GAS REFINING & MARKETING — 22.2% | |||||
Aemetis, Inc. (a)
|
1,344,097 | 16,532,394 | |||
Alto Ingredients, Inc. (a) (b)
|
3,117,168 | 14,993,578 | |||
Clean Energy Fuels Corp. (a) (b)
|
7,480,546 | 45,855,747 | |||
CVR Energy, Inc. (b)
|
1,274,568 | 21,425,488 | |||
Delek US Holdings, Inc. (a)
|
1,815,805 | 27,218,917 | |||
Gevo, Inc. (a) (b) (c)
|
14,864,181 | 63,618,695 | |||
Green Plains, Inc. (a) (b)
|
1,432,891 | 49,807,291 | |||
HollyFrontier Corp.
|
2,415,315 | 79,174,026 | |||
Marathon Petroleum Corp.
|
1,255,662 | 80,349,811 | |||
Par Pacific Holdings, Inc. (a)
|
535,491 | 8,830,247 | |||
PBF Energy, Inc. Class A (a) (b)
(c)
|
6,252,528 | 81,095,288 | |||
Phillips 66
|
1,102,657 | 79,898,526 | |||
Renewable Energy Group, Inc. (a) (b)
|
1,556,647 | 66,064,099 | |||
REX American Resources Corp. (a) (b)
|
23,663 | 2,271,648 | |||
Valero Energy Corp.
|
1,128,704 | 84,776,957 | |||
World Fuel Services Corp.
|
717,977 | 19,004,851 | |||
740,917,563 | |||||
TOTAL COMMON STOCKS (Cost
$3,680,224,271)
|
3,330,778,914 | ||||
SHORT-TERM INVESTMENTS — 3.7% | |||||
State Street Institutional Liquid Reserves Fund,
Premier Class 0.04% (d) (e)
|
5,517,058 | 5,517,609 | |||
State Street Navigator Securities Lending
Portfolio II (f) (g)
|
116,017,328 | 116,017,328 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost
$121,534,937)
|
121,534,937 | ||||
TOTAL INVESTMENTS — 103.5% (Cost
$3,801,759,208)
|
3,452,313,851 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS —
(3.5)%
|
(115,286,801) | ||||
NET ASSETS — 100.0%
|
$ 3,337,027,050 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at December 31, 2021. |
(c) | These securities are affiliated investments as a result of the Fund owning 5% or more of the entity’s outstanding shares. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(d) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(e) | The rate shown is the annualized seven-day yield at December 31, 2021. |
(f) | The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2021 are shown in the Affiliate Table below. |
(g) | Investment of cash collateral for securities loaned. |
Description | Number
of Contracts |
Expiration
Date |
Notional
Amount |
Value | Unrealized
Appreciation (Depreciation) | |||||
E-mini S&P 500 Energy Sector Index (long) | 121 | 03/18/2022 | $6,928,896 | $6,986,540 | $57,644 |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks
|
$3,330,778,914 | $— | $— | $3,330,778,914 | ||||
Short-Term Investments
|
121,534,937 | — | — | 121,534,937 | ||||
TOTAL INVESTMENTS
|
$3,452,313,851 | $— | $— | $3,452,313,851 | ||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Futures Contracts(a)
|
57,644 | — | — | 57,644 | ||||
TOTAL OTHER FINANCIAL INSTRUMENTS:
|
$ 57,644 | $— | $— | $ 57,644 |
(a) | Futures Contracts are valued at unrealized appreciation (depreciation). |
Number
of Shares Held at 6/30/21 |
Value
at 6/30/21 |
Cost
of Purchases |
Proceeds
from Shares Sold |
Realized
Gain (Loss) |
Change
in Unrealized Appreciation/ Depreciation(a) |
Number
of Shares Held at 12/31/21 |
Value
at 12/31/21 |
Dividend
Income | |||||||||
Alto Ingredients, Inc.
|
5,797,341 | $ 35,421,753 | $ 35,305,365 | $ 66,771,086 | $ (3,956,032) | $ —* | — | $ —* | $ — | ||||||||
Gevo, Inc.
|
12,649,281 | 91,960,273 | 129,774,727 | 121,129,071 | (12,045,188) | (24,942,046) | 14,864,181 | 63,618,695 | — | ||||||||
Laredo Petroleum, Inc.
|
622,994 | 57,807,613 | 132,908,829 | 96,030,333 | 5,406,579 | (31,090,927) | 1,147,543 | 69,001,761 | — | ||||||||
PBF Energy, Inc.
|
5,489,279 | 83,985,969 | 137,532,797 | 133,040,785 | 3,986,625 | (11,369,318) | 6,252,528 | 81,095,288 | — | ||||||||
State Street Institutional Liquid Reserves Fund,
Premier Class
|
4,902,650 | 4,904,121 | 199,460,689 | 198,846,474 | (727) | — | 5,517,058 | 5,517,609 | 933 | ||||||||
State Street Navigator Securities Lending
Portfolio II
|
84,803,749 | 84,803,749 | 488,865,752 | 457,652,173 | — | — | 116,017,328 | 116,017,328 | 120,342 | ||||||||
Tellurian, Inc.
|
— | — | 140,486,684 | 153,041,388 | 12,554,704 | —* | — | —* | — | ||||||||
Total
|
$358,883,478 | $1,264,334,843 | $1,226,511,310 | $ 5,945,961 | $(67,402,291) | $335,250,681 | $121,275 |
(a) | Does not include change in unrealized appreciation and depreciation from investments that are no longer affiliates at period ended December 31, 2021. |
* | As of December 31, 2021, no longer an affiliate. |
Security Description | Shares | Value | |||
COMMON STOCKS — 99.8% | |||||
REGIONAL BANKS — 99.8% | |||||
1st Source Corp.
|
85,117 | $ 4,221,803 | |||
Allegiance Bancshares, Inc. (a)
|
111,689 | 4,714,393 | |||
Ameris Bancorp
|
776,570 | 38,579,998 | |||
Associated Banc-Corp.
|
2,798,028 | 63,207,453 | |||
Atlantic Union Bankshares Corp.
|
537,233 | 20,033,419 | |||
Banc of California, Inc.
|
561,557 | 11,017,748 | |||
BancFirst Corp.
|
184,185 | 12,996,094 | |||
Bancorp, Inc. (b)
|
821,638 | 20,795,658 | |||
Bank of Hawaii Corp.
|
329,086 | 27,564,243 | |||
Bank of Marin Bancorp
|
102,725 | 3,824,452 | |||
Bank OZK
|
1,156,984 | 53,834,466 | |||
BankUnited, Inc.
|
1,438,731 | 60,872,709 | |||
Banner Corp.
|
316,873 | 19,224,685 | |||
Berkshire Hills Bancorp, Inc.
|
564,839 | 16,058,373 | |||
BOK Financial Corp.
|
273,830 | 28,886,327 | |||
Brookline Bancorp, Inc.
|
561,650 | 9,093,114 | |||
Byline Bancorp, Inc.
|
234,530 | 6,414,396 | |||
Cadence Bank
|
2,725,870 | 81,203,667 | |||
Camden National Corp.
|
63,757 | 3,070,537 | |||
Cathay General Bancorp
|
643,560 | 27,666,644 | |||
CBTX, Inc.
|
87,136 | 2,526,944 | |||
Central Pacific Financial Corp.
|
241,350 | 6,798,830 | |||
CIT Group, Inc.
|
1,288,995 | 66,177,003 | |||
Citizens Financial Group, Inc.
|
1,935,727 | 91,463,101 | |||
City Holding Co.
|
105,707 | 8,645,776 | |||
Columbia Banking System, Inc.
|
1,401,809 | 45,867,190 | |||
Comerica, Inc.
|
1,085,432 | 94,432,584 | |||
Commerce Bancshares, Inc.
|
694,651 | 47,750,310 | |||
Community Bank System, Inc.
|
390,091 | 29,053,978 | |||
Community Trust Bancorp, Inc.
|
80,4 |