Semi-Annual Report
June 30, 2022
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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4

5
Schedules of Investments (Unaudited)  

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68

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83
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, 2022

     
  Description % of Net Assets  
  Brazil Notas do Tesouro Nacional Serie F
10.00% 1/1/2025
1.5%  
  Brazil Letras do Tesouro Nacional
Zero Coupon, 1/1/2024
1.3  
  Brazil Letras do Tesouro Nacional
Zero Coupon, 7/1/2023
1.3  
  Philippine Government Bond
4.88% 1/20/2032
1.0  
  Poland Government Bond
2.75% 4/25/2028
0.8  
  TOTAL 5.9%  
(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, 2022

     
    % of Net Assets  
  Foreign Government Obligations 97.2%  
  Corporate Bonds & Notes 0.0 *  
  Short-Term Investments 1.8  
  Other Assets in Excess of Liabilities 1.0  
  TOTAL 100.0%  
* Amount shown represents less than 0.05% of net assets.
Top Ten Countries as of June 30, 2022

     
  Description % of Total Investments  
  South Korea 12.5%  
  China 12.4  
  Indonesia 9.0  
  Malaysia 7.0  
  Brazil 6.7  
  Poland 4.4  
  Thailand 4.4  
  Czech Republic 4.4  
  Mexico 4.3  
  Israel 4.3  
  TOTAL 69.4%  
(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, 2022

     
  Description % of Net Assets  
  Seven & i Holdings Co., Ltd.
0.19% 12/19/2025
0.7%  
  NTT Finance Corp.
0.38% 9/20/2030
0.7  
  Volkswagen International Finance NV
1.88% 3/30/2027
0.5  
  Orange SA
8.13% 1/28/2033
0.5  
  Enel Finance International NV
0.38% 6/17/2027
0.4  
  TOTAL 2.8%  
(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, 2022

     
    % of Net Assets  
  Corporate Bonds & Notes 98.7%  
  Short-Term Investments 2.6  
  Liabilities in Excess of Other Assets (1.3)  
  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, 2022

     
  Description % of Net Assets  
  China Government Bond
3.25% 11/22/2028
1.3%  
  China Government Bond
4.08% 10/22/2048
1.0  
  China Government Bond
3.29% 10/18/2023
0.8  
  Government of Japan 5 Year Bond
0.10% 12/20/2023
0.5  
  Indonesia Treasury Bond
6.63% 5/15/2033
0.5  
  TOTAL 4.1%  
(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, 2022

     
    % of Net Assets  
  Foreign Government Obligations 99.2%  
  Short-Term Investment 0.1  
  Other Assets in Excess of Liabilities 0.7  
  TOTAL 100.0%  
Top Ten Countries as of June 30, 2022

     
  Description % of Total Investments  
  Japan 23.2%  
  United Kingdom 5.3  
  France 4.8  
  Canada 4.6  
  Australia 4.6  
  Italy 4.6  
  Germany 4.6  
  Spain 4.6  
  China 4.6  
  South Korea 4.5  
  TOTAL 65.4%  
(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, 2022

     
  Description % of Net Assets  
  Government of Japan 5 Year Bond
0.10% 9/20/2024
4.2%  
  China Government Bond
2.36% 7/2/2023
3.8  
  Government of Japan 5 Year Bond
0.10% 3/20/2025
2.7  
  Government of Japan 5 Year Bond
0.10% 12/20/2023
2.5  
  Government of Japan 5 Year Bond
0.10% 3/20/2024
2.5  
  TOTAL 15.7%  
(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, 2022

     
    % of Net Assets  
  Foreign Government Obligations 99.2%  
  Short-Term Investment 0.0 *  
  Other Assets in Excess of Liabilities 0.8  
  TOTAL 100.0%  
* Amount shown represents less than 0.05% of net assets.
Top Ten Countries as of June 30, 2022

     
  Description % of Total Investments  
  Japan 23.3%  
  Italy 5.5  
  France 4.7  
  Spain 4.6  
  Germany 4.6  
  Australia 4.6  
  South Korea 4.6  
  China 4.5  
  United Kingdom 4.5  
  Canada 4.5  
  TOTAL 65.4%  
(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, 2022

     
  Description % of Net Assets  
  Deutsche Bundesrepublik Inflation Linked Bond
0.50% 4/15/2030
1.8%  
  Deutsche Bundesrepublik Inflation Linked Bond
0.10% 4/15/2026
1.4  
  United Kingdom Gilt Inflation Linked
0.13% 8/10/2041
1.4  
  Brazil Notas do Tesouro Nacional Serie B
6.00% 8/15/2024
1.3  
  Bonos de la Tesoreria de la Republica
3.00% 1/1/2044
1.3  
  TOTAL 7.2%  
(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, 2022

     
    % of Net Assets  
  Foreign Government Obligations 98.1%  
  Short-Term Investment 0.0 *  
  Other Assets in Excess of Liabilities 1.9  
  TOTAL 100.0%  
* Amount shown represents less than 0.05% of net assets.
Top Ten Countries as of June 30, 2022

     
  Description % of Total Investments  
  United Kingdom 21.9%  
  France 7.8  
  Brazil 6.5  
  Italy 5.0  
  Japan 4.8  
  Turkey 4.8  
  Israel 4.8  
  Australia 4.8  
  Spain 4.7  
  Germany 4.6  
  TOTAL 69.7%  
(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, 2022 (Unaudited)

Security Description     Principal
Amount
  Value
CORPORATE BONDS & NOTES — 0.0% (a)      
SUPRANATIONAL — 0.0% (a)          
International Bank for Reconstruction & Development Series GDIF, 4.00%, 5/30/2023

  PEN 3,500,000   $ 900,225
TOTAL CORPORATE BONDS & NOTES

(Cost $1,065,777)

        900,225
FOREIGN GOVERNMENT OBLIGATIONS — 97.2%      
BRAZIL — 6.6%          
Brazil Letras do Tesouro Nacional:          
Series LTN, Zero Coupon, 7/1/2023

  BRL 156,900,000   26,369,023
Series LTN, Zero Coupon, 1/1/2024

  BRL 171,200,000   27,072,350
Series LTN, Zero Coupon, 4/1/2024

  BRL 36,500,000   5,613,218
Series LTN, Zero Coupon, 7/1/2024

  BRL 79,200,000   11,821,205
Series LTN, Zero Coupon, 1/1/2025

  BRL 28,400,000   4,014,466
Brazil Notas do Tesouro Nacional Serie F:          
Series NTNF, 10.00%, 1/1/2025

  BRL 174,450,000   31,444,300
Series NTNF, 10.00%, 1/1/2027

  BRL 74,075,000   12,859,928
Series NTNF, 10.00%, 1/1/2029

  BRL 57,390,000   9,614,957
Series NTNF, 10.00%, 1/1/2031

  BRL 40,000,000   6,527,063
Series NTNF, 10.00%, 1/1/2033

  BRL 10,000,000   1,595,159
Brazilian Government International Bond:          
8.50%, 1/5/2024

  BRL 350,000   61,862
10.25%, 1/10/2028

  BRL 1,000,000   175,365
          137,168,896
CHILE — 2.9%          
Bonos de la Tesoreria de la Republica en pesos:          
2.30%, 10/1/2028 (b)

  CLP 3,135,000,000   2,641,881
2.50%, 3/1/2025

  CLP 120,000,000   115,747
2.80%, 10/1/2033 (b)

  CLP 1,000,000,000   761,579
4.00%, 3/1/2023 (b)

  CLP 2,135,000,000   2,204,723
4.50%, 3/1/2026

  CLP 4,365,000,000   4,380,109
4.70%, 9/1/2030 (b)

  CLP 12,030,000,000   11,507,793
5.00%, 10/1/2028 (b)

  CLP 6,900,000,000   6,810,422
5.00%, 3/1/2035

  CLP 11,210,000,000   10,536,628
Security Description     Principal
Amount
  Value
5.10%, 7/15/2050

  CLP 1,470,000,000   $ 1,306,486
5.80%, 6/1/2024 (b)

  CLP 9,980,000,000   10,367,442
Series 30YR, 6.00%, 1/1/2043

  CLP 10,075,000,000   10,319,717
          60,952,527
CHINA — 12.3%          
China Development Bank:          
Series 1903, 3.30%, 2/1/2024

  CNY 21,000,000   3,184,617
Series 1908, 3.42%, 7/2/2024

  CNY 6,300,000   958,854
Series 1518, 3.74%, 9/10/2025

  CNY 2,000,000   308,058
Series 1605, 3.80%, 1/25/2036

  CNY 6,500,000   1,024,874
Series 1510, 4.21%, 4/13/2025

  CNY 9,000,000   1,400,268
Series 1708, 4.30%, 8/21/2024

  CNY 10,000,000   1,549,692
Series 1805, 4.88%, 2/9/2028

  CNY 3,000,000   491,182
China Government Bond:          
Series INBK, 1.99%, 4/9/2025

  CNY 70,000,000   10,323,335
2.24%, 5/25/2025

  CNY 15,000,000   2,227,963
Series INBK, 2.26%, 2/24/2025

  CNY 58,000,000   8,624,337
Series INBK, 2.28%, 3/17/2024

  CNY 64,000,000   9,563,719
Series INBK, 2.36%, 7/2/2023

  CNY 12,500,000   1,873,498
Series INBK, 2.37%, 1/20/2027

  CNY 28,500,000   4,205,193
Series INBK, 2.47%, 9/2/2024

  CNY 10,000,000   1,498,439
Series INBK, 2.48%, 4/15/2027

  CNY 25,000,000   3,709,835
Series INBK, 2.56%, 10/21/2023

  CNY 60,000,000   9,010,890
Series INBK, 2.68%, 5/21/2030

  CNY 46,000,000   6,761,922
Series INBK, 2.69%, 8/12/2026

  CNY 69,920,000   10,476,563
Series INBK, 2.80%, 3/24/2029

  CNY 15,000,000   2,237,822
Series INBK, 2.84%, 4/8/2024

  CNY 80,000,000   12,073,203
Series INBK, 2.85%, 6/4/2027

  CNY 50,000,000   7,532,840
Series INBK, 2.88%, 11/5/2023

  CNY 42,000,000   6,334,842
Series INBK, 2.89%, 11/18/2031

  CNY 23,500,000   3,513,108
Series 1610, 2.90%, 5/5/2026

  CNY 10,000,000   1,509,840
 
See accompanying notes to financial statements.
6


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2022 (Unaudited)

Security Description     Principal
Amount
  Value
Series INBK, 2.91%, 10/14/2028

  CNY 30,000,000   $ 4,501,450
Series 1913, 2.94%, 10/17/2024

  CNY 21,000,000   3,178,759
Series INBK, 3.01%, 5/13/2028

  CNY 38,000,000   5,752,082
Series INBK, 3.02%, 10/22/2025

  CNY 34,000,000   5,158,869
Series INBK, 3.02%, 5/27/2031

  CNY 52,000,000   7,847,966
Series INBK, 3.03%, 3/11/2026

  CNY 37,000,000   5,613,480
Series 1916, 3.12%, 12/5/2026

  CNY 42,600,000   6,499,804
Series 1915, 3.13%, 11/21/2029

  CNY 53,000,000   8,049,470
Series 1904, 3.19%, 4/11/2024

  CNY 27,000,000   4,101,566
Series 1828, 3.22%, 12/6/2025

  CNY 7,790,000   1,189,653
Series 1907, 3.25%, 6/6/2026

  CNY 29,800,000   4,562,543
Series 1827, 3.25%, 11/22/2028

  CNY 10,000,000   1,533,720
Series INBK, 3.27%, 11/19/2030

  CNY 37,000,000   5,690,692
Series 1619, 3.27%, 8/22/2046

  CNY 15,000,000   2,202,015
Series INBK, 3.28%, 12/3/2027

  CNY 35,400,000   5,445,232
Series 1823, 3.29%, 10/18/2023

  CNY 17,000,000   2,578,909
Series 1906, 3.29%, 5/23/2029

  CNY 34,600,000   5,330,157
Series INBK, 3.32%, 4/15/2052

  CNY 10,000,000   1,500,155
Series INBK, 3.39%, 3/16/2050

  CNY 39,000,000   5,824,680
Series 1626, 3.48%, 11/21/2066

  CNY 6,700,000   1,014,406
Series 1710, 3.52%, 5/4/2027

  CNY 5,000,000   778,778
Series 1608, 3.52%, 4/25/2046

  CNY 11,000,000   1,680,568
Series INBK, 3.53%, 10/18/2051

  CNY 6,000,000   929,205
Series 1819, 3.54%, 8/16/2028

  CNY 10,000,000   1,564,269
Series INBK, 3.72%, 4/12/2051

  CNY 20,000,000   3,183,722
Series INBK, 3.73%, 5/25/2070

  CNY 35,000,000   5,611,800
Series 1521, 3.74%, 9/22/2035

  CNY 17,800,000   2,866,339
Series 1525, 3.74%, 10/20/2045

  CNY 13,000,000   2,118,674
Security Description     Principal
Amount
  Value
Series INBK, 3.76%, 3/22/2071

  CNY 21,000,000   $ 3,392,508
Series 1705, 3.77%, 2/20/2047

  CNY 13,000,000   2,061,371
Series INBK, 3.81%, 9/14/2050

  CNY 38,000,000   6,126,488
Series 1910, 3.86%, 7/22/2049

  CNY 26,500,000   4,292,487
Series 1023, 3.96%, 7/29/2040

  CNY 18,000,000   2,956,516
Series 1817, 3.97%, 7/23/2048

  CNY 10,000,000   1,645,669
Series 1908, 4.00%, 6/24/2069

  CNY 9,000,000   1,528,852
Series 1715, 4.05%, 7/24/2047

  CNY 15,000,000   2,488,550
Series 1003, 4.08%, 3/1/2040

  CNY 5,000,000   834,642
Series 1824, 4.08%, 10/22/2048

  CNY 25,300,000   4,243,846
Series 1508, 4.09%, 4/27/2035

  CNY 1,000,000   166,404
Series 1806, 4.22%, 3/19/2048

  CNY 8,000,000   1,371,155
Series 1722, 4.28%, 10/23/2047

  CNY 3,250,000   563,869
Series 1116, 4.50%, 6/23/2041

  CNY 21,000,000   3,749,580
Series 2417, 4.63%, 8/11/2034

  CNY 17,000,000   3,003,909
Series 1319, 4.76%, 9/16/2043

  CNY 2,000,000   368,623
          255,498,326
COLOMBIA — 4.1%          
Colombia Government International Bond 9.85%, 6/28/2027

  COP 115,000,000   27,100
Colombian TES:          
Series B, 5.75%, 11/3/2027

  COP 13,650,000,000   2,593,927
Series B, 6.00%, 4/28/2028

  COP 76,015,000,000   14,321,091
Series B, 6.25%, 11/26/2025

  COP 61,375,000,000   12,942,553
Series B, 6.25%, 7/9/2036

  COP 17,300,000,000   2,638,634
Series B, 7.00%, 3/26/2031

  COP 58,850,000,000   10,717,203
Series B, 7.00%, 6/30/2032

  COP 34,464,000,000   6,136,532
Series B, 7.25%, 10/18/2034

  COP 18,425,000,000   3,194,074
Series B, 7.25%, 10/26/2050

  COP 23,400,000,000   3,557,369
Series B, 7.50%, 8/26/2026

  COP 75,802,000,000   16,248,351
 
See accompanying notes to financial statements.
7


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2022 (Unaudited)

Security Description     Principal
Amount
  Value
Series B, 7.75%, 9/18/2030

  COP 14,800,000,000   $ 2,884,263
Series B, 9.25%, 5/28/2042

  COP 40,900,000,000   7,869,370
Series B, 10.00%, 7/24/2024

  COP 5,530,000,000   1,326,192
          84,456,659
CZECH REPUBLIC — 4.3%          
Czech Republic Government Bond:          
Series 135, Zero Coupon, 12/12/2024

  CZK 43,500,000   1,577,463
Series 130, 0.05%, 11/29/2029

  CZK 81,550,000   2,372,704
Series 100, 0.25%, 2/10/2027

  CZK 222,730,000   7,427,424
Series 97, 0.45%, 10/25/2023

  CZK 99,240,000   3,868,071
Series 94, 0.95%, 5/15/2030

  CZK 269,280,000   8,387,916
Series 95, 1.00%, 6/26/2026

  CZK 315,930,000   11,162,967
Series 121, 1.20%, 3/13/2031

  CZK 127,570,000   3,968,340
Series 120, 1.25%, 2/14/2025

  CZK 212,390,000   7,912,959
Series 125, 1.50%, 4/24/2040

  CZK 7,460,000   187,287
Series 138, 1.75%, 6/23/2032

  CZK 6,540,000   208,555
Series 142, 1.95%, 7/30/2037

  CZK 70,000,000   2,032,827
Series 103, 2.00%, 10/13/2033

  CZK 344,550,000   10,996,114
Series 89, 2.40%, 9/17/2025

  CZK 197,700,000   7,532,773
Series 78, 2.50%, 8/25/2028

  CZK 238,700,000   8,656,099
Series 105, 2.75%, 7/23/2029

  CZK 89,250,000   3,247,834
Series 145, 3.50%, 5/30/2035

  CZK 60,000,000   2,213,849
Series 49, 4.20%, 12/4/2036

  CZK 128,380,000   5,035,329
Series 53, 4.85%, 11/26/2057

  CZK 12,300,000   484,191
Series 58, 5.70%, 5/25/2024

  CZK 53,540,000   2,239,116
          89,511,818
HUNGARY — 3.6%          
Hungary Government Bond:          
Series 25/C, 1.00%, 11/26/2025

  HUF 898,000,000   1,864,662
Security Description     Principal
Amount
  Value
Series 23/C, 1.50%, 8/23/2023

  HUF 72,620,000   $ 179,225
Series 26/E, 1.50%, 4/22/2026

  HUF 3,571,180,000   7,358,021
Series 26/F, 1.50%, 8/26/2026 (c)

  HUF 2,405,000,000   4,843,078
Series 29/A, 2.00%, 5/23/2029 (c)

  HUF 2,131,220,000   3,859,938
Series 33/A, 2.25%, 4/20/2033 (c)

  HUF 829,670,000   1,301,334
Series 34/A, 2.25%, 6/22/2034

  HUF 2,237,500,000   3,357,960
Series 24/C, 2.50%, 10/24/2024

  HUF 2,302,600,000   5,342,683
Series 26/D, 2.75%, 12/22/2026

  HUF 3,038,000,000   6,353,274
Series 24/B, 3.00%, 6/26/2024

  HUF 3,479,170,000   8,300,270
Series 27/A, 3.00%, 10/27/2027 (c)

  HUF 1,880,970,000   3,855,707
Series 30/A, 3.00%, 8/21/2030

  HUF 4,357,500,000   8,086,531
Series 38/A, 3.00%, 10/27/2038

  HUF 2,203,760,000   3,215,356
Series 41/A, 3.00%, 4/25/2041

  HUF 868,900,000   1,207,403
Series 31/A, 3.25%, 10/22/2031 (c)

  HUF 1,219,870,000   2,237,961
Series 28/B, 4.50%, 3/23/2028

  HUF 380,000,000   827,534
Series 32/A, 4.75%, 11/24/2032 (c)

  HUF 920,000,000   1,860,155
Series 25/B, 5.50%, 6/24/2025 (c)

  HUF 3,084,620,000   7,525,843
Series 23/A, 6.00%, 11/24/2023

  HUF 493,510,000   1,269,988
Series 28/A, 6.75%, 10/22/2028

  HUF 984,500,000   2,403,068
          75,249,991
INDONESIA — 8.9%          
Indonesia Treasury Bond:          
Series FR90, 5.13%, 4/15/2027

  IDR 54,500,000,000   3,502,414
Series FR86, 5.50%, 4/15/2026

  IDR 124,900,000,000   8,224,662
Series FR64, 6.13%, 5/15/2028

  IDR 105,750,000,000   6,935,241
Series FR88, 6.25%, 6/15/2036

  IDR 20,000,000,000   1,206,914
Series FR91, 6.38%, 4/15/2032

  IDR 122,000,000,000   7,688,272
Series FR93, 6.38%, 7/15/2037

  IDR 15,000,000,000   918,084
Series FR62, 6.38%, 4/15/2042

  IDR 1,700,000,000   103,834
 
See accompanying notes to financial statements.
8


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2022 (Unaudited)

Security Description     Principal
Amount
  Value
Series FR81, 6.50%, 6/15/2025

  IDR 94,500,000,000   $ 6,505,102
Series FR87, 6.50%, 2/15/2031

  IDR 141,700,000,000   9,074,126
Series FR65, 6.63%, 5/15/2033

  IDR 75,000,000,000   4,732,338
Series FR89, 6.88%, 8/15/2051

  IDR 32,000,000,000   2,010,796
Series FR59, 7.00%, 5/15/2027

  IDR 88,000,000,000   6,054,707
Series FR82, 7.00%, 9/15/2030

  IDR 132,600,000,000   8,820,715
Series FR92, 7.13%, 6/15/2042

  IDR 105,000,000,000   6,945,471
Series FR76, 7.38%, 5/15/2048

  IDR 41,700,000,000   2,755,181
Series FR74, 7.50%, 8/15/2032

  IDR 26,300,000,000   1,774,224
Series FR80, 7.50%, 6/15/2035

  IDR 49,600,000,000   3,346,065
Series FR75, 7.50%, 5/15/2038

  IDR 56,910,000,000   3,785,723
Series FR83, 7.50%, 4/15/2040

  IDR 98,500,000,000   6,605,236
Series FR85, 7.75%, 4/15/2031

  IDR 11,000,000,000   755,871
Series FR77, 8.13%, 5/15/2024

  IDR 95,100,000,000   6,718,762
Series FR78, 8.25%, 5/15/2029

  IDR 98,150,000,000   7,000,126
Series FR58, 8.25%, 6/15/2032

  IDR 3,710,000,000   262,309
Series FR72, 8.25%, 5/15/2036

  IDR 55,090,000,000   3,897,624
Series FR70, 8.38%, 3/15/2024

  IDR 120,600,000,000   8,520,322
Series FR56, 8.38%, 9/15/2026

  IDR 94,300,000,000   6,833,150
Series FR68, 8.38%, 3/15/2034

  IDR 127,700,000,000   9,120,510
Series FR79, 8.38%, 4/15/2039

  IDR 67,000,000,000   4,762,745
Series FR73, 8.75%, 5/15/2031

  IDR 69,050,000,000   5,031,299
Series FR67, 8.75%, 2/15/2044

  IDR 47,050,000,000   3,557,198
Series FR71, 9.00%, 3/15/2029

  IDR 86,000,000,000   6,350,059
Series FR57, 9.50%, 5/15/2041

  IDR 1,000,000,000   79,810
Series FR45, 9.75%, 5/15/2037

  IDR 1,250,000,000   99,851
Perusahaan Penerbit SBSN Indonesia:          
Series PBS, 4.00%, 7/15/2024

  IDR 30,000,000,000   1,961,945
Security Description     Principal
Amount
  Value
Series PBS, 4.88%, 7/15/2026

  IDR 82,000,000,000   $ 5,268,344
5.88%, 7/15/2028

  IDR 2,338,000,000   151,959
Series PBS, 6.13%, 10/15/2025

  IDR 33,000,000,000   2,247,010
Series PBS, 6.38%, 3/15/2034

  IDR 77,522,000,000   4,884,981
Series PBS, 6.50%, 6/15/2039

  IDR 9,000,000,000   562,614
Series PBS, 6.63%, 10/15/2024

  IDR 66,000,000,000   4,587,734
Series PBS, 6.75%, 6/15/2047

  IDR 41,875,000,000   2,637,584
Series PBS, 7.75%, 10/15/2046

  IDR 23,000,000,000   1,625,255
Series PBS, 8.25%, 9/15/2023

  IDR 20,000,000,000   1,402,115
Series PBS, 8.75%, 8/15/2023

  IDR 3,800,000,000   267,192
Series PBS, 8.88%, 11/15/2031

  IDR 74,200,000,000   5,606,776
          185,182,250
ISRAEL — 4.3%          
Israel Government Bond:          
Series 0723, 0.15%, 7/31/2023

  ILS 3,850,000   1,076,810
Series 1024, 0.40%, 10/31/2024

  ILS 22,700,000   6,199,045
Series 0425, 0.50%, 4/30/2025

  ILS 20,500,000   5,575,135
Series 0226, 0.50%, 2/27/2026

  ILS 28,800,000   7,683,770
Series 0330, 1.00%, 3/31/2030

  ILS 24,700,000   6,264,514
Series 1123, 1.50%, 11/30/2023

  ILS 7,835,000   2,227,011
Series 0537, 1.50%, 5/31/2037

  ILS 32,100,000   7,435,534
Series 0825, 1.75%, 8/31/2025

  ILS 24,480,000   6,870,636
Series 0327, 2.00%, 3/31/2027

  ILS 27,850,000   7,806,007
Series 0928, 2.25%, 9/28/2028

  ILS 22,995,000   6,469,838
Series 1152, 2.80%, 11/29/2052

  ILS 1,000,000   250,997
Series 0324, 3.75%, 3/31/2024

  ILS 44,450,000   13,005,674
Series 0347, 3.75%, 3/31/2047

  ILS 39,125,000   11,860,421
Series 0142, 5.50%, 1/31/2042

  ILS 10,010,000   3,811,030
Series 1026, 6.25%, 10/30/2026

  ILS 5,225,000   1,725,937
          88,262,359
 
See accompanying notes to financial statements.
9


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2022 (Unaudited)

Security Description     Principal
Amount
  Value
MALAYSIA — 6.9%          
Malaysia Government Bond:          
Series 0220, 2.63%, 4/15/2031

  MYR 19,800,000   $ 3,942,889
Series 0319, 3.48%, 6/14/2024

  MYR 15,300,000   3,484,159
Series 0307, 3.50%, 5/31/2027

  MYR 17,170,000   3,803,078
Series 0122, 3.58%, 7/15/2032

  MYR 8,800,000   1,888,501
Series 0513, 3.73%, 6/15/2028

  MYR 28,150,000   6,227,889
Series 0519, 3.76%, 5/22/2040

  MYR 15,330,000   3,026,875
Series 0116, 3.80%, 8/17/2023

  MYR 1,791,000   409,588
Series 0419, 3.83%, 7/5/2034

  MYR 22,350,000   4,696,664
Series 0413, 3.84%, 4/15/2033

  MYR 12,860,000   2,731,745
Series 0118, 3.88%, 3/14/2025

  MYR 18,700,000   4,282,438
Series 0212, 3.89%, 3/15/2027

  MYR 600,000   135,631
Series 0219, 3.89%, 8/15/2029

  MYR 9,805,000   2,171,117
Series 0316, 3.90%, 11/30/2026

  MYR 21,105,000   4,776,745
Series 0417, 3.90%, 11/16/2027

  MYR 9,530,000   2,138,354
Series 0119, 3.91%, 7/15/2026

  MYR 7,540,000   1,707,498
Series 0115, 3.96%, 9/15/2025

  MYR 34,412,000   7,857,420
Series 0217, 4.06%, 9/30/2024

  MYR 915,000   210,279
Series 0120, 4.07%, 6/15/2050

  MYR 19,800,000   3,878,554
Series 0412, 4.13%, 4/15/2032

  MYR 800,000   176,930
Series 0114, 4.18%, 7/15/2024

  MYR 4,462,000   1,028,935
Series 0415, 4.25%, 5/31/2035

  MYR 14,650,000   3,186,960
Series 0318, 4.64%, 11/7/2033

  MYR 11,430,000   2,601,941
Series 0216, 4.74%, 3/15/2046

  MYR 10,425,000   2,288,884
Series 0317, 4.76%, 4/7/2037

  MYR 7,975,000   1,832,703
Series 3/05, 4.84%, 7/15/2025

  MYR 170,000   39,869
Series 0418, 4.89%, 6/8/2038

  MYR 5,250,000   1,202,023
Series 0518, 4.92%, 7/6/2048

  MYR 8,500,000   1,904,116
Security Description     Principal
Amount
  Value
Series 0713, 4.94%, 9/30/2043

  MYR 14,050,000   $ 3,202,137
Malaysia Government Investment Series 0319, 3.73%, 3/31/2026

  MYR 30,400,000   6,890,438
Malaysia Government Investment Issue:          
Series 0120, 3.42%, 9/30/2027

  MYR 23,700,000   5,214,009
Series 0121, 3.45%, 7/15/2036

  MYR 23,000,000   4,547,193
Series 0220, 3.47%, 10/15/2030

  MYR 37,740,000   8,000,308
Series 0419, 3.66%, 10/15/2024

  MYR 14,350,000   3,272,910
Series 0217, 4.05%, 8/15/2024

  MYR 14,650,000   3,369,692
Series 0316, 4.07%, 9/30/2026

  MYR 4,925,000   1,128,728
Series 0318, 4.09%, 11/30/2023

  MYR 2,570,000   590,039
Series 0619, 4.12%, 11/30/2034

  MYR 10,000,000   2,154,371
Series 0118, 4.13%, 8/15/2025

  MYR 7,380,000   1,697,474
Series 0119, 4.13%, 7/9/2029

  MYR 14,500,000   3,275,957
Series 0117, 4.26%, 7/26/2027

  MYR 3,720,000   857,736
Series 0218, 4.37%, 10/31/2028

  MYR 29,680,000   6,781,367
Series 0221, 4.42%, 9/30/2041

  MYR 22,200,000   4,683,004
Series 0813, 4.44%, 5/22/2024

  MYR 21,000,000   4,863,611
Series 0219, 4.47%, 9/15/2039

  MYR 15,800,000   3,377,687
Series 0513, 4.58%, 8/30/2033

  MYR 8,400,000   1,909,026
Series 0519, 4.64%, 11/15/2049

  MYR 9,200,000   1,966,337
Series 0617, 4.72%, 6/15/2033

  MYR 13,200,000   3,040,398
Series 0517, 4.76%, 8/4/2037

  MYR 3,300,000   743,519
Series 0615, 4.79%, 10/31/2035

  MYR 810,000   184,986
Series 0417, 4.90%, 5/8/2047

  MYR 1,750,000   388,939
          143,771,651
MEXICO — 4.3%          
Mexican Bonos:          
Series M, 5.50%, 3/4/2027

  MXN 148,829,300   6,330,561
Series M, 5.75%, 3/5/2026

  MXN 350,157,200   15,433,592
 
See accompanying notes to financial statements.
10


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2022 (Unaudited)

Security Description     Principal
Amount
  Value
Series M 20, 7.50%, 6/3/2027

  MXN 151,220,700   $ 7,004,312
Series M, 7.75%, 5/29/2031

  MXN 86,396,800   3,938,777
Series M, 7.75%, 11/23/2034

  MXN 123,768,100   5,533,992
Series M, 7.75%, 11/13/2042

  MXN 100,089,600   4,335,368
Series M, 8.00%, 12/7/2023

  MXN 890,800   43,296
Series M, 8.00%, 9/5/2024

  MXN 308,640,200   14,872,768
Series M, 8.00%, 11/7/2047

  MXN 166,950,800   7,374,607
Series M 20, 8.50%, 5/31/2029

  MXN 136,486,300   6,565,170
Series M 30, 8.50%, 11/18/2038

  MXN 199,050,000   9,354,164
Series M 20, 10.00%, 12/5/2024

  MXN 131,995,500   6,627,596
Series M 30, 10.00%, 11/20/2036

  MXN 18,100,000   966,033
          88,380,236
PERU — 3.3%          
Peru Government Bond:          
5.35%, 8/12/2040

  PEN 3,100,000   608,783
5.40%, 8/12/2034

  PEN 22,100,000   4,682,644
5.70%, 8/12/2024

  PEN 8,200,000   2,144,272
5.94%, 2/12/2029

  PEN 35,725,000   8,581,666
6.15%, 8/12/2032

  PEN 32,507,000   7,555,851
6.35%, 8/12/2028

  PEN 66,900,000   16,590,041
6.71%, 2/12/2055

  PEN 1,000,000   221,443
6.85%, 2/12/2042

  PEN 18,000,000   4,179,643
6.90%, 8/12/2037

  PEN 49,075,000   11,667,499
6.95%, 8/12/2031

  PEN 34,420,000   8,593,717
8.20%, 8/12/2026

  PEN 13,200,000   3,631,655
Peruvian Government International Bond Series REGS, 6.71%, 2/12/2055

  PEN 475,000   105,185
          68,562,399
PHILIPPINES — 4.3%          
Philippine Government Bond:          
Series 3-25, 2.38%, 9/10/2023

  PHP 228,800,000   4,087,713
Series 1065, 2.88%, 7/9/2030

  PHP 153,500,000   2,145,590
Series 5-77, 3.38%, 4/8/2026

  PHP 570,000,000   9,459,889
Series 7-58, 3.50%, 4/21/2023

  PHP 25,500,000   463,503
Series R105, 3.50%, 9/20/2026

  PHP 22,000,000   365,614
Series 1060, 3.63%, 9/9/2025

  PHP 82,000,000   1,412,474
Security Description     Principal
Amount
  Value
Series 7-64, 3.63%, 4/22/2028

  PHP 70,000,000   $ 1,113,550
Series 2020, 3.63%, 3/21/2033

  PHP 43,150,000   576,481
Series 7-65, 3.75%, 8/12/2028

  PHP 960,000,000   15,067,557
Series 1066, 4.00%, 7/22/2031

  PHP 227,000,000   3,315,770
Series 1059, 4.13%, 8/20/2024

  PHP 18,700,000   336,385
Series 5-76, 4.25%, 10/17/2024

  PHP 50,000,000   898,093
Series 3-27, 4.25%, 4/7/2025

  PHP 215,000,000   3,845,874
Series 7-59, 4.50%, 4/20/2024

  PHP 68,200,000   1,240,278
Series 2511, 4.63%, 9/9/2040

  PHP 156,500,000   2,094,954
Series 1061, 4.75%, 5/4/2027

  PHP 276,950,000   4,835,310
Series 1067, 4.88%, 1/20/2032

  PHP 1,295,000,000   20,179,720
Series 2024, 5.13%, 7/15/2041

  PHP 20,000,000   292,589
Series 2021, 5.25%, 5/18/2037

  PHP 48,800,000   727,866
Series 7-61, 5.75%, 4/12/2025

  PHP 89,500,000   1,661,018
Series R251, 6.13%, 10/24/2037

  PHP 67,000,000   1,092,700
Series 7-62, 6.25%, 2/14/2026

  PHP 105,000,000   1,944,205
Series 1063, 6.25%, 3/22/2028

  PHP 97,700,000   1,803,843
Series 2023, 6.75%, 1/24/2039

  PHP 52,700,000   912,342
Series 1064, 6.88%, 1/10/2029

  PHP 93,000,000   1,767,425
Series 2017, 8.00%, 7/19/2031

  PHP 269,237,338   5,232,682
Series 25-8, 8.13%, 12/16/2035

  PHP 38,800,000   758,952
Philippine Government International Bond 6.25%, 1/14/2036

  PHP 20,000,000   353,865
          87,986,242
POLAND — 4.4%          
Poland Government Bond:          
Series 1026, 0.25%, 10/25/2026

  PLN 77,693,000   12,927,952
Series 0425, 0.75%, 4/25/2025

  PLN 47,500,000   8,895,982
Series 1030, 1.25%, 10/25/2030

  PLN 1,590,000   230,515
Series 1024, 2.25%, 10/25/2024

  PLN 34,090,000   6,737,094
 
See accompanying notes to financial statements.
11


Table of Contents
SPDR BLOOMBERG EMERGING MARKETS LOCAL BOND ETF
SCHEDULE OF INVESTMENTS  (continued)
June 30, 2022 (Unaudited)

Security Description     Principal
Amount
  Value
Series 0424, 2.50%, 4/25/2024

  PLN 63,590,000   $ 12,971,605
Series 0428, 2.75%, 4/25/2028

  PLN 96,250,000   17,084,089
Series 1029, 2.75%, 10/25/2029

  PLN 48,510,000   8,246,759
Series 0447, 4.00%, 4/25/2047

  PLN 400,000   52,293
Series 0429, 5.75%, 4/25/2029

  PLN 2,750,000   577,544
Republic of Poland Government Bond:          
Series 0724, 0.01%, 7/25/2024

  PLN 55,650,000   10,629,167
Series 0432, 1.75%, 4/25/2032

  PLN 43,500,000   6,114,973
Series 0527, 3.75%, 5/25/2027

  PLN 33,000,000   6,293,404
          90,761,377
ROMANIA — 3.5%          
Romania Government Bond:          
Series 7Y, 2.50%, 10/25/2027

  RON 35,100,000   5,469,465
Series 7Y, 3.25%, 4/29/2024

  RON 15,100,000   2,904,471
Series 5Y, 3.25%, 6/24/2026

  RON 30,000,000   5,185,655
Series 5Y, 3.65%, 7/28/2025

  RON 10,600,000   1,936,660
Series 15Y, 3.65%, 9/24/2031

  RON 12,200,000   1,749,506
Series 4YR, 3.70%, 11/25/2024 (c)

  RON 11,300,000   2,130,605
Series 3Y, 4.00%, 10/25/2023

  RON 32,990,000   6,570,686
Series 8Y, 4.15%, 1/26/2028

  RON 19,750,000   3,326,220
Series 10YR, 4.15%, 10/24/2030

  RON 31,930,000   4,914,928
Series 5Y, 4.25%, 4/28/2036

  RON 8,000,000   1,061,628
Series 4.3Y, 4.40%, 9/25/2023

  RON 27,800,000   5,583,502
Series 5Y, 4.50%, 6/17/2024 (c)

  RON 48,200,000   9,418,633
Series 10Y, 4.75%, 2/24/2025

  RON 18,125,000   3,469,318
Series 15Y, 4.75%, 10/11/2034 (c)

  RON 25,400,000   3,714,618
Series 7Y, 4.85%, 4/22/2026

  RON 36,825,000   6,802,521
Series 8Y, 4.85%, 7/25/2029

  RON 10,000,000   1,677,498
Series 10Y, 5.00%, 2/12/2029

  RON 12,185,000   2,083,409
Security Description     Principal
Amount
  Value
Series 15YR, 5.80%, 7/26/2027

  RON 25,410,000   $ 4,716,111
          72,715,434
SOUTH AFRICA — 4.1%