SPDR Bloomberg Emerging Markets Local Bond ETF (Formerly, SPDR Bloomberg Barclays Emerging Markets Local Bond ETF) |
SPDR Bloomberg International Corporate Bond ETF (Formerly, SPDR Bloomberg Barclays International Corporate Bond ETF) |
SPDR Bloomberg International Treasury Bond ETF (Formerly, SPDR Bloomberg Barclays International Treasury Bond ETF) |
SPDR Bloomberg Short Term International Treasury Bond ETF (Formerly, SPDR Bloomberg Barclays Short Term International Treasury Bond ETF) |
SPDR FTSE International Government Inflation-Protected Bond ETF |
|
1 |
Management’s Discussion of Fund Performance, Performance Summaries & Portfolio Statistics (Unaudited) | |
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2 |
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5 |
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8 |
|
11 |
|
14 |
Schedules of Investments | |
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17 |
|
28 |
|
44 |
|
61 |
|
66 |
|
72 |
|
80 |
|
85 |
|
95 |
|
97 |
Cumulative Total Return | Average Annual Total Return | ||||||
Net
Asset Value |
Market
Value |
Bloomberg EM Local Currency Government Diversified Index | Net
Asset Value |
Market
Value |
Bloomberg EM Local Currency Government Diversified Index | ||
ONE YEAR | (9.74)% | (9.75)% | (9.32)% | (9.74)% | (9.74)% | (9.32)% | |
FIVE YEARS | 10.64% | 11.02% | 14.28% | 2.04% | 2.11% | 2.71% | |
TEN YEARS | 8.30% | 7.37% | 16.73% | 0.80% | 0.71% | 1.56% |
Description | % of Net Assets | ||
Brazil
Letras do Tesouro Nacional Zero Coupon, 1/1/2024 |
1.2% | ||
South
Africa Government Bond 10.50% 12/21/2026 |
0.8 | ||
Korea
Treasury Bond 1.50% 3/10/2050 |
0.8 | ||
Poland
Government Bond 2.50% 4/25/2024 |
0.7 | ||
Poland
Government Bond 0.25% 10/25/2026 |
0.7 | ||
TOTAL | 4.2% |
% of Net Assets | |||
Foreign Government Obligations | 97.9% | ||
Corporate Bonds & Notes | 0.1 | ||
Short-Term Investments | 0.6 | ||
Other Assets in Excess of Liabilities | 1.4 | ||
TOTAL | 100.0% |
Description | % of Total Investments | ||
China | 12.7% | ||
South Korea | 12.3 | ||
Indonesia | 7.2 | ||
Malaysia | 5.6 | ||
Brazil | 5.4 | ||
Thailand | 5.0 | ||
Israel | 4.9 | ||
Philippines | 4.8 | ||
Mexico | 4.8 | ||
Poland | 4.7 | ||
TOTAL | 67.4% |
Cumulative Total Return | Average Annual Total Return | ||||||
Net
Asset Value |
Market
Value |
Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index | Net
Asset Value |
Market
Value |
Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index | ||
ONE YEAR | (8.41)% | (8.51)% | (7.98)% | (8.41)% | (8.51)% | (7.98)% | |
FIVE YEARS | 14.90% | 15.15% | 17.84% | 2.82% | 2.86% | 3.34% | |
TEN YEARS | 16.88% | 16.97% | 22.49% | 1.57% | 1.58% | 2.05% |
Description | % of Net Assets | ||
NTT
Finance Corp. 0.38% 9/20/2030 |
0.6% | ||
Seven
& i Holdings Co., Ltd. 0.19% 12/19/2025 |
0.6 | ||
Orange
SA 8.13% 1/28/2033 |
0.5 | ||
Eni
SpA 3.63% 1/29/2029 |
0.4 | ||
AT&T,
Inc. 4.88% 6/1/2044 |
0.4 | ||
TOTAL | 2.5% |
% of Net Assets | |||
Corporate Bonds & Notes | 98.1% | ||
Short-Term Investments | 1.9 | ||
Other Assets in Excess of Liabilities | 0.0 * | ||
TOTAL | 100.0% |
* | Amount shown represents less than 0.05% of net assets. |
Cumulative Total Return | Average Annual Total Return | ||||||
Net
Asset Value |
Market
Value |
Bloomberg Global Treasury ex-US Capped Index | Net
Asset Value |
Market
Value |
Bloomberg Global Treasury ex-US Capped Index | ||
ONE YEAR | (9.01)% | (8.74)% | (8.67)% | (9.01)% | (8.74)% | (8.67)% | |
FIVE YEARS | 13.54% | 13.95% | 16.04% | 2.57% | 2.65% | 3.02% | |
TEN YEARS | 6.11% | 6.37% | 11.34% | 0.59% | 0.62% | 1.08% |
Description | % of Net Assets | ||
China
Government Bond 3.25% 11/22/2028 |
1.5% | ||
China
Government Bond 3.29% 10/18/2023 |
1.3 | ||
China
Government Bond 4.08% 10/22/2048 |
1.2 | ||
Korea
Treasury Bond 2.00% 3/10/2049 |
0.6 | ||
Indonesia
Treasury Bond 7.50% 5/15/2038 |
0.6 | ||
TOTAL | 5.2% |
% of Net Assets | |||
Foreign Government Obligations | 99.3% | ||
Short-Term Investment | 0.3 | ||
Other Assets in Excess of Liabilities | 0.4 | ||
TOTAL | 100.0% |
Description | % of Total Investments | ||
Japan | 23.0% | ||
United Kingdom | 5.5 | ||
Canada | 4.7 | ||
Australia | 4.6 | ||
China | 4.6 | ||
France | 4.6 | ||
Spain | 4.6 | ||
South Korea | 4.6 | ||
Germany | 4.5 | ||
Italy | 4.5 | ||
TOTAL | 65.2% |
Cumulative Total Return | Average Annual Total Return | ||||||
Net
Asset Value |
Market
Value |
Bloomberg 1-3 Year Global Treasury ex-US Capped Index | Net
Asset Value |
Market
Value |
Bloomberg 1-3 Year Global Treasury ex-US Capped Index | ||
ONE YEAR | (6.91)% | (6.82)% | (6.55)% | (6.91)% | (6.82)% | (6.55)% | |
FIVE YEARS | 6.49% | 6.76% | 8.75% | 1.26% | 1.32% | 1.69% | |
TEN YEARS | (12.62)% | (11.96)% | (9.18)% | (1.34)% | (1.27)% | (0.96)% |
Description | % of Net Assets | ||
Government
of Japan 5 Year Bond 0.10% 9/20/2024 |
5.0% | ||
China
Government Bond 2.36% 7/2/2023 |
4.2 | ||
Government
of Japan 5 Year Bond 0.10% 6/20/2023 |
2.8 | ||
Government
of Japan 5 Year Bond 0.10% 3/20/2024 |
2.6 | ||
Government
of Japan 10 Year Bond 0.60% 3/20/2024 |
2.3 | ||
TOTAL | 16.9% |
% of Net Assets | |||
Foreign Government Obligations | 99.1% | ||
Short-Term Investment | 0.2 | ||
Other Assets in Excess of Liabilities | 0.7 | ||
TOTAL | 100.0% |
Description | % of Total Investments | ||
Japan | 23.0% | ||
Italy | 5.5 | ||
Canada | 4.7 | ||
South Korea | 4.6 | ||
United Kingdom | 4.6 | ||
China | 4.6 | ||
France | 4.5 | ||
Germany | 4.5 | ||
Spain | 4.5 | ||
Netherlands | 4.1 | ||
TOTAL | 64.6% |
Cumulative Total Return | Average Annual Total Return | ||||||
Net
Asset Value |
Market
Value |
FTSE International Inflation-Linked Securities Select Index | Net
Asset Value |
Market
Value |
FTSE International Inflation-Linked Securities Select Index | ||
ONE YEAR | (3.68)% | (4.32)% | (3.10)% | (3.68)% | (4.32)% | (3.10)% | |
FIVE YEARS(1) (2) | 18.56% | 18.94% | 21.86% | 3.46% | 3.53% | 4.03% | |
TEN YEARS(1) (2) | 20.75% | 20.48% | 27.68% | 1.90% | 1.88% | 2.47% |
(1) | Effective February 15, 2016, the Fund changed its benchmark index from the DB Global Government ex-US Inflation-Linked Securities Select Index. The Fund's performance in the tables is based on the Fund's prior investment strategy to track a different benchmark index for periods prior to February 15, 2016. |
(2) | The FTSE International Inflation-Linked Securities Select Index (formerly, Citi International Inflation-Linked Securities Select Index) inception date is January 15, 2016. Index returns in the line graph below represent the Fund’s prior benchmark index from December 31, 2009 through February 14, 2016 and the FTSE International Inflation-Linked Securities Select Index (formerly, Citi International Inflation-Linked Securities Select Index from February 15, 2016 through December 31, 2021. |
Description | % of Net Assets | ||
Deutsche
Bundesrepublik Inflation Linked Bond 0.50% 4/15/2030 |
1.4% | ||
Spain
Government Inflation Linked Bond 1.00% 11/30/2030 |
1.2 | ||
United
Kingdom Gilt Inflation Linked 1.25% 11/22/2055 |
1.2 | ||
United
Kingdom Gilt Inflation Linked 0.13% 3/22/2068 |
1.1 | ||
United
Kingdom Gilt Inflation Linked 1.13% 11/22/2037 |
1.1 | ||
TOTAL | 6.0% |
% of Net Assets | |||
Foreign Government Obligations | 99.3% | ||
Short-Term Investment | 0.2 | ||
Other Assets in Excess of Liabilities | 0.5 | ||
TOTAL | 100.0% |
Description | % of Total Investments | ||
United Kingdom | 21.6% | ||
France | 8.0 | ||
Brazil | 6.1 | ||
Italy | 5.6 | ||
Mexico | 4.8 | ||
Turkey | 4.8 | ||
South Africa | 4.8 | ||
Australia | 4.8 | ||
Canada | 4.8 | ||
Germany | 4.7 | ||
TOTAL | 70.0% |
Counterparty | Amount Sold | Amount Bought | Settlement
Date |
Net
Unrealized Appreciation/ (Depreciation) | ||||
Goldman Sachs Capital Markets L.P. | CNH 11,000,000 | USD 1,718,350 | 01/11/2022 | $(11,121) |
Counterparty | Amount Sold | Amount Bought | Settlement
Date |
Net
Unrealized Appreciation/ (Depreciation) | ||||
Standard Chartered Bank | USD 1,513,623 | KRW 1,800,000,000 | 02/08/2022 | $ (2,400) | ||||
UBS AG | USD 1,721,359 | CNH 11,000,000 | 01/11/2022 | 8,112 | ||||
UBS AG | USD 1,454,401 | RUB 110,000,000 | 01/11/2022 | 12,143 | ||||
UBS AG | RUB 110,000,000 | USD 1,483,900 | 01/11/2022 | 17,355 | ||||
UBS AG | USD 1,474,570 | RUB 110,000,000 | 02/08/2022 | (9,361) | ||||
UBS AG | CNH 11,000,000 | USD 1,717,596 | 02/08/2022 | (8,612) | ||||
Total | $ 6,116 | |||||||
CNH | Chinese Yuan Offshore Renminbi |
KRW | South Korean Won |
RUB | Russian Ruble |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Corporate Bonds & Notes
|
$ — | $ 876,125 | $— | $ 876,125 | ||||
Foreign Government Obligations
|
— | 1,154,580,221 | — | 1,154,580,221 | ||||
Short-Term Investments
|
7,500,671 | — | — | 7,500,671 | ||||
TOTAL INVESTMENTS
|
$7,500,671 | $1,155,456,346 | $— | $1,162,957,017 | ||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Foreign Currency Exchange Contracts(a)
|
— | 37,610 | — | 37,610 | ||||
TOTAL OTHER FINANCIAL INSTRUMENTS:
|
$ — | $ 37,610 | $— | $ 37,610 | ||||
TOTAL INVESTMENTS AND OTHER FINANCIAL
INSTRUMENTS
|
$7,500,671 | $1,155,493,956 | $— | $1,162,994,627 | ||||
LIABILITIES: | ||||||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Foreign Currency Exchange Contracts(a)
|
— | (31,494) | — | (31,494) | ||||
TOTAL OTHER FINANCIAL INSTRUMENTS:
|
$ — | $ (31,494) | $— | $ (31,494) |
(a) | Forward Foreign Currency Exchange Contracts are valued at unrealized appreciation (depreciation). |
Number
of Shares Held at 12/31/20 |
Value
at 12/31/20 |
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 U.S. Government Money
Market Fund, Class G Shares
|
10,227,948 | $10,227,948 | $224,841,134 | $ 234,756,411 | $— | $— | 312,671 | $ 312,671 | $ 1,625 | ||||||||
State Street Navigator Securities Lending
Portfolio II
|
— | — | 137,332,714 | 130,144,714 | — | — | 7,188,000 | 7,188,000 | 8,422 | ||||||||
Total
|
$10,227,948 | $362,173,848 | $364,901,125 | $— | $— | $7,500,671 | $10,047 |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Corporate Bonds & Notes
|
$ — | $148,730,035 | $— | $148,730,035 | ||||
Short-Term Investments
|
2,865,423 | — | — | 2,865,423 | ||||
TOTAL INVESTMENTS
|
$2,865,423 | $148,730,035 | $— | $151,595,458 |
% of Total Investments | ||
Financial | 47.6% | |
Consumer, Non-cyclical | 15.3 | |
Communications | 10.1 | |
Consumer, Cyclical | 8.3 | |
Energy | 5.1 | |
Utilities | 4.2 | |
Technology | 3.4 | |
Industrial | 3.2 | |
Basic Materials | 0.8 | |
Diversified | 0.1 | |
Short-Term Investments | 1.9 | |
TOTAL | 100.0% |
Number
of Shares Held at 12/31/20 |
Value
at 12/31/20 |
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 U.S. Government Money
Market Fund, Class G Shares
|
42,458 | $ 42,458 | $12,032,509 | $12,063,500 | $— | $— | 11,467 | $ 11,467 | $ 19 | ||||||||
State Street Navigator Securities Lending
Portfolio II
|
597,922 | 597,922 | 57,612,494 | 55,356,460 | — | — | 2,853,956 | 2,853,956 | 11,519 | ||||||||
Total
|
$640,380 | $69,645,003 | $67,419,960 | $— | $— | $2,865,423 | $11,538 |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Foreign Government Obligations
|
$ — | $945,086,367 | $— | $945,086,367 | ||||
Short-Term Investment
|
2,329,850 | — | — | 2,329,850 | ||||
TOTAL INVESTMENTS
|
$2,329,850 | $945,086,367 | $— | $947,416,217 |
Number
of Shares Held at 12/31/20 |
Value
at 12/31/20 |
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 U.S. Government Money
Market Fund, Class G Shares
|
3,640 | $3,640 | $47,943,563 | $45,617,353 | $— | $— | 2,329,850 | $2,329,850 | $126 |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Foreign Government Obligations
|
$ — | $168,592,098 | $— | $168,592,098 | ||||
Short-Term Investment
|
412,399 | — | — | 412,399 | ||||
TOTAL INVESTMENTS
|
$412,399 | $168,592,098 | $— | $169,004,497 |
Number
of Shares Held at 12/31/20 |
Value
at 12/31/20 |
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 U.S. Government Money
Market Fund, Class G Shares
|
69,640 | $69,640 | $13,513,611 | $13,170,852 | $— | $— | 412,399 | $412,399 | $47 |
Description | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Foreign Government Obligations
|
$ — | $450,194,796 | $— | $450,194,796 | ||||
Short-Term Investment
|
636,650 | — | — | 636,650 | ||||
TOTAL INVESTMENTS
|
$636,650 | $450,194,796 | $— | $450,831,446 |
Number
of Shares Held at 12/31/20 |
Value
at 12/31/20 |
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 U.S. Government Money
Market Fund, Class G Shares
|
99,158 | $99,158 | $52,133,384 | $51,595,892 | $— | $— | 636,650 | $636,650 | $139 |
SPDR Bloomberg Emerging Markets Local Bond ETF | SPDR Bloomberg International Corporate Bond ETF | ||
ASSETS | |||
Investments in unaffiliated issuers, at
value*
|
$1,155,456,346 | $148,730,035 | |
Investments in affiliated issuers, at value
|
7,500,671 | 2,865,423 | |
Total Investments
|
1,162,957,017 | 151,595,458 | |
Foreign currency, at value
|
7,314,133 | 1,727,915 | |
Receivable for investments sold
|
12,787,527 | — | |
Unrealized appreciation on forward foreign
currency exchange contracts
|
37,610 | — | |
Dividends receivable — unaffiliated issuers
|
5,536 | — | |
Dividends receivable — affiliated issuers
|
35 | — | |
Interest receivable — unaffiliated issuers
|
15,559,741 | 1,235,073 | |
Securities lending income receivable — affiliated
issuers
|
1,055 | 514 | |
Receivable for foreign taxes recoverable
|
309,733 | 805 | |
TOTAL ASSETS
|
1,198,972,387 | 154,559,765 | |
LIABILITIES | |||
Due to custodian
|
— | — | |
Payable upon return of securities loaned
|
7,188,000 | 2,853,956 | |
Payable for investments purchased
|
11,540,341 | — | |
Unrealized depreciation on forward foreign
currency exchange contracts
|
31,494 | — | |
Deferred foreign taxes payable
|
310,794 | — | |
Advisory fee payable
|
331,914 | 64,330 | |
Trustees’ fees and expenses payable
|
377 | 82 | |
TOTAL LIABILITIES
|
19,402,920 | 2,918,368 | |
NET ASSETS
|
$1,179,569,467 | $151,641,397 | |
NET ASSETS CONSIST OF: | |||
Paid-in Capital
|
$1,313,202,977 | $155,810,165 | |
Total distributable earnings (loss)**
|
(133,633,510) | (4,168,768) | |
NET ASSETS
|
$1,179,569,467 | $151,641,397 | |
NET ASSET VALUE PER SHARE | |||
Net asset value per share
|
$ 24.37 | $ 34.46 | |
Shares outstanding (unlimited amount authorized,
$0.01 par value)
|
48,400,000 | 4,400,000 | |
COST OF INVESTMENTS: | |||
Investments in unaffiliated issuers
|
$1,265,899,288 | $152,535,980 | |
Investments in affiliated issuers
|
7,500,671 | 2,865,423 | |
Total cost of investments
|
$1,273,399,959 | $155,401,403 | |
Foreign currency, at cost
|
$ 7,282,553 | $ 1,728,662 | |
* Includes investments in securities on loan, at
value
|
$ 7,016,089 | $ 2,803,766 | |
** Includes deferred foreign taxes
|
$ 310,794 | $ — |
SPDR Bloomberg International Treasury Bond ETF | SPDR Bloomberg Short Term International Treasury Bond ETF | SPDR FTSE International Government Inflation-Protected Bond ETF | ||
$945,086,367 | $168,592,098 | $450,194,796 | ||
2,329,850 | 412,399 | 636,650 | ||
947,416,217 | 169,004,497 | 450,831,446 | ||
369,553 | 975,781 | 468,941 | ||
96,941 | — | 1,486,442 | ||
— | — | — | ||
694 | — | 2,188 | ||
32 | 18 | 19 | ||
5,935,280 | 1,205,238 | 2,122,344 | ||
— | — | — | ||
576,262 | 185,740 | — | ||
954,394,979 | 171,371,274 | 454,911,380 | ||
35,506 | — | — | ||
— | — | — | ||
2,352,475 | 1,177,838 | 1,489,330 | ||
— | — | — | ||
146,713 | 87 | 1,926 | ||
281,663 | 58,511 | 192,579 | ||
332 | 550 | 124 | ||
2,816,689 | 1,236,986 | 1,683,959 | ||
$951,578,290 | $170,134,288 | $453,227,421 | ||
$986,260,627 | $174,330,173 | $449,412,566 | ||
(34,682,337) | (4,195,885) | 3,814,855 | ||
$951,578,290 | $170,134,288 | $453,227,421 | ||
$ 28.15 | $ 30.38 | $ 53.95 | ||
33,800,038 | 5,600,000 | 8,400,483 | ||
$976,804,875 | $173,031,803 | $438,643,124 | ||
2,329,850 | 412,399 | 636,650 | ||
$979,134,725 | $173,444,202 | $439,279,774 | ||
$ 368,785 | $ 973,944 | $ 464,644 | ||
$ — | $ — | $ — | ||
$ 146,498 | $ 87 | $ — |
SPDR Bloomberg Emerging Markets Local Bond ETF | SPDR Bloomberg International Corporate Bond ETF | ||
INVESTMENT INCOME | |||
Interest income — unaffiliated issuers
|
$ 53,852,407 | $ 1,733,179 | |
Dividend income — affiliated issuers
|
1,625 | 19 | |
Unaffiliated securities lending income
|
5,919 | 2 | |
Affiliated securities lending income
|
8,422 | 11,519 | |
Foreign taxes withheld
|
(2,007,509) | (410) | |
TOTAL INVESTMENT INCOME (LOSS)
|
51,860,864 | 1,744,309 | |
EXPENSES | |||
Advisory fee
|
3,736,606 | 1,059,438 | |
Trustees’ fees and expenses
|
12,490 | 336 | |
Miscellaneous expenses
|
15 | 3 | |
TOTAL EXPENSES
|
3,749,111 | 1,059,777 | |
NET INVESTMENT INCOME (LOSS)
|
$ 48,111,753 | $ 684,532 | |
REALIZED AND UNREALIZED GAIN (LOSS) | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers*
|
(12,583,155) | 7,976 | |
In-kind redemptions — unaffiliated issuers
|
(2,731,993) | 4,230,928 | |
Forward foreign currency exchange contracts
|
(1,876) | — | |
Foreign currency transactions
|
(4,120,206) | 10,182 | |
Net realized gain (loss)
|
(19,437,230) | 4,249,086 | |
Net change in unrealized appreciation/depreciation on: | |||
Investments — unaffiliated issuers**
|
(152,727,860) | (23,354,968) | |
Forward foreign currency exchange contracts
|
10,110 | — | |
Foreign currency translations
|
(983,941) | (141,836) | |
Net change in unrealized
appreciation/depreciation
|
(153,701,691) | (23,496,804) | |
NET REALIZED AND UNREALIZED GAIN (LOSS)
|
(173,138,921) | (19,247,718) | |
NET INCREASE (DECREASE) IN NET ASSETS FROM
OPERATIONS
|
$(125,027,168) | $(18,563,186) | |
* Includes foreign capital gain taxes
|
$ (65,283) | $ — | |
** Includes foreign deferred taxes
|
$ 256,637 | $ — |
SPDR Bloomberg International Treasury Bond ETF | SPDR Bloomberg Short Term International Treasury Bond ETF | SPDR FTSE International Government Inflation-Protected Bond ETF | ||
$ 13,479,902 | $ 617,381 | $ 21,482,160 | ||
126 | 47 | 139 | ||
— | — | — | ||
— | — | — | ||
(500,070) | (62,692) | (54,208) | ||
12,979,958 | 554,736 | 21,428,091 | ||
3,502,012 | 740,230 | 2,114,662 | ||
10,769 | 15 | 2,577 | ||
13 | 2 | 5 | ||
3,512,794 | 740,247 | 2,117,244 | ||
$ 9,467,164 | $ (185,511) | $ 19,310,847 | ||
(6,159,301) | 1,996,937 | (1,732,986) | ||
2,656,926 | 450,058 | 2,509,257 | ||
— | — | — | ||
(812,073) | 74,927 | (709,634) | ||
(4,314,448) | 2,521,922 | 66,637 | ||
(102,340,191) | (18,004,777) | (34,855,592) | ||
— | — | — | ||
(417,921) | (107,931) | (190,512) | ||
(102,758,112) | (18,112,708) | (35,046,104) | ||
(107,072,560) | (15,590,786) | (34,979,467) | ||
$ (97,605,396) | $(15,776,297) | $(15,668,620) | ||
$ (34,717) | $ (5,423) | $ 233 | ||
$ 37,486 | $ 5,344 | $ 48,394 |
SPDR Bloomberg Emerging Markets Local Bond ETF | |||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss)
|
$ 48,111,753 | $ 38,538,213 | |
Net realized gain (loss)
|
(19,437,230) | (36,787,436) | |
Net change in unrealized
appreciation/depreciation
|
(153,701,691) | 20,237,467 | |
Net increase (decrease) in net assets resulting
from operations
|
(125,027,168) | 21,988,244 | |
Distributions to shareholders
|
(39,014,812) | (7,233,667) | |
Return of capital
|
(6,269,073) | (27,530,700) | |
Total Distributions to shareholders
|
(45,283,885) | (34,764,367) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from shares sold
|
434,698,879 | 363,726,320 | |
Cost of shares redeemed
|
(99,044,429) | (353,921,776) | |
Other Capital
|
782,719 | 785,892 | |
Net increase (decrease) from share
transactions
|
336,437,169 | 10,590,436 | |
Net increase (decrease) in net assets from
beneficial interest transactions
|
336,437,169 | 10,590,436 | |
Contribution from Affiliate (Note 4)
|
— | — | |
Net increase (decrease) in net assets during the
period
|
166,126,116 | (2,185,687) | |
Net assets at beginning of period
|
1,013,443,351 | 1,015,629,038 | |
NET ASSETS AT END OF PERIOD
|
$1,179,569,467 | $1,013,443,351 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold
|
16,200,000 | 13,400,000 | |
Shares redeemed
|
(4,000,000) | (13,700,000) | |
Net increase (decrease) from share
transactions
|
12,200,000 | (300,000) |
SPDR Bloomberg International Corporate Bond ETF | SPDR Bloomberg International Treasury Bond ETF | |||||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 |
Year
Ended 12/31/21 |
Year
Ended 12/31/20 | |||
$ 684,532 | $ 1,014,747 | $ 9,467,164 | $ 10,865,485 | |||
4,249,086 | (2,686,801) | (4,314,448) | (11,860,769) | |||
(23,496,804) | 23,069,788 | (102,758,112) | 75,977,568 | |||
(18,563,186) | 21,397,734 | (97,605,396) | 74,982,284 | |||
(716,688) | (240,207) | (8,885,986) | (9,187,648) | |||
— | (677,526) | — | — | |||
(716,688) | (917,733) | (8,885,986) | (9,187,648) | |||
11,048,448 | 109,839,151 | 198,759,981 | 216,578,417 | |||
(100,711,744) | (60,177,217) | (152,553,253) | (300,066,124) | |||
38,452 | 131,234 | 316,263 | 371,816 | |||
(89,624,844) | 49,793,168 | 46,522,991 | (83,115,891) | |||
(89,624,844) | 49,793,168 | 46,522,991 | (83,115,891) | |||
— | — | — | 12,963 | |||
(108,904,718) | 70,273,169 | (59,968,391) | (17,308,292) | |||
260,546,115 | 190,272,946 | 1,011,546,681 | 1,028,854,973 | |||
$ 151,641,397 | $ 260,546,115 | $ 951,578,290 | $ 1,011,546,681 | |||
300,000 | 3,100,000 | 6,600,000 | 7,300,000 | |||
(2,800,000) | (1,800,000) | (5,200,000) | (10,700,000) | |||
(2,500,000) | 1,300,000 | 1,400,000 | (3,400,000) |
SPDR Bloomberg Short Term International Treasury Bond ETF | |||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss)
|
$ (185,511) | $ 394,554 | |
Net realized gain (loss)
|
2,521,922 | 305,609 | |
Net change in unrealized
appreciation/depreciation
|
(18,112,708) | 12,888,190 | |
Net increase (decrease) in net assets resulting
from operations
|
(15,776,297) | 13,588,353 | |
Distributions to shareholders
|
(1,221,564) | (360,995) | |
Total Distributions to shareholders
|
(1,221,564) | (360,995) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from shares sold
|
45,229,410 | 24,375,784 | |
Cost of shares redeemed
|
(71,606,306) | (123,724,120) | |
Other Capital
|
79,744 | 51,143 | |
Net increase (decrease) from share
transactions
|
(26,297,152) | (99,297,193) | |
Net increase (decrease) in net assets from
beneficial interest transactions
|
(26,297,152) | (99,297,193) | |
Contribution from Affiliate (Note 4)
|
— | 2,839 | |
Net increase (decrease) in net assets during the
period
|
(43,295,013) | (86,066,996) | |
Net assets at beginning of period
|
213,429,301 | 299,496,297 | |
NET ASSETS AT END OF PERIOD
|
$170,134,288 | $ 213,429,301 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold
|
1,400,000 | 800,000 | |
Shares redeemed
|
(2,300,000) | (4,000,000) | |
Net increase (decrease) from share
transactions
|
(900,000) | (3,200,000) |
SPDR FTSE International Government Inflation-Protected Bond ETF | ||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 | |
$ 19,310,847 | $ 6,554,000 | |
66,637 | (9,515,160) | |
(35,046,104) | 24,873,302 | |
(15,668,620) | 21,912,142 | |
(19,115,383) | (6,033,523) | |
(19,115,383) | (6,033,523) | |
129,824,774 | 27,546,758 | |
(22,699,668) | (94,086,672) | |
168,959 | 162,162 | |
107,294,065 | (66,377,752) | |
107,294,065 | (66,377,752) | |
— | — | |
72,510,062 | (50,499,133) | |
380,717,359 | 431,216,492 | |
$453,227,421 | $380,717,359 | |
2,300,000 | 500,000 | |
(400,000) | (1,800,000) | |
1,900,000 | (1,300,000) |
SPDR Bloomberg Emerging Markets Local Bond ETF | |||||||||||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 |
Six-month
Period Ended 12/31/19(a) |
Year
Ended 6/30/19 |
Year
Ended 6/30/18 |
Year
Ended 6/30/17 | ||||||
Net asset value, beginning of period
|
$ 28.00 | $ 27.83 | $ 27.76 | $ 27.08 | $ 28.99 | $ 27.74 | |||||
Income (loss) from investment operations: | |||||||||||
Net investment income (loss) (b)
|
1.01 | 1.13 | 0.65 | 1.51 | 1.41 | 1.38 | |||||
Net realized and unrealized gain (loss) (c)
|
(3.72) | 0.05 | 0.15 | 0.45 | (2.28) | (0.18) | |||||
Total from investment operations
|
(2.71) | 1.18 | 0.80 | 1.96 | (0.87) | 1.20 | |||||
Contribution from Affiliate
|
— | — | — | 0.01 | — | — | |||||
Other capital (b)
|
0.02 | 0.02 | 0.01 | 0.02 | 0.06 | 0.05 | |||||
Distributions to shareholders from: | |||||||||||
Net investment income
|
(0.81) | (0.22) | (0.07) | (0.79) | (0.67) | — | |||||
Return of Capital
|
(0.13) | (0.81) | (0.67) | (0.52) | (0.43) | — | |||||
Total distributions
|
(0.94) | (1.03) | (0.74) | (1.31) | (1.10) | — | |||||
Net asset value, end of period
|
$ 24.37 | $ 28.00 | $ 27.83 | $ 27.76 | $ 27.08 | $ 28.99 | |||||
Total return (d)
|
(9.74)% | 4.59% | 2.94% | 7.70%(e) | (3.03)% | 4.49% | |||||
Ratios and Supplemental Data: | |||||||||||
Net assets, end of period (in 000s)
|
$1,179,569 | $1,013,443 | $1,015,629 | $810,738 | $519,933 | $130,438 | |||||
Ratios to average net assets: | |||||||||||
Total expenses
|
0.30% | 0.30% | 0.30%(f) | 0.39% | 0.41% | 0.47% | |||||
Net expenses
|
0.30% | 0.30% | 0.30%(f) | 0.38% | 0.41% | 0.46% | |||||
Net investment income (loss)
|
3.86% | 4.26% | 4.69%(f) | 5.68% | 4.81% | 4.95% | |||||
Portfolio turnover rate (g)
|
22% | 50% | 18%(h) | 43% | 83% | 42% |
(a) | Effective November 12, 2019, the Board of Trustees approved a change in fiscal year end for the Fund from June 30 to December 31. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | If an Affiliate had not made a contribution during the year ended June 30, 2019, the total return would have been 7.66%. |
(f) | Annualized. |
(g) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(h) | Not annualized. |
SPDR Bloomberg International Corporate Bond ETF | |||||||||||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 |
Six-month
Period Ended 12/31/19(a) |
Year
Ended 6/30/19 |
Year
Ended 6/30/18 |
Year
Ended 6/30/17 | ||||||
Net asset value, beginning of period
|
$ 37.76 | $ 33.98 | $ 34.15 | $ 33.87 | $ 33.17 | $ 32.44 | |||||
Income (loss) from investment operations: | |||||||||||
Net investment income (loss) (b)
|
0.12 | 0.18 | 0.14 | 0.29 | 0.25 | 0.42 | |||||
Net realized and unrealized gain (loss) (c)
|
(3.30) | 3.74 | (0.20) | 0.23 | 0.63 | 0.30 | |||||
Total from investment operations
|
(3.18) | 3.92 | (0.06) | 0.52 | 0.88 | 0.72 | |||||
Other capital (b)
|
0.01 | 0.02 | 0.02 | 0.00(d) | 0.04 | 0.01 | |||||
Distributions to shareholders from: | |||||||||||
Net investment income
|
(0.13) | (0.04) | (0.10) | — | (0.22) | — | |||||
Net realized gains
|
— | — | — | — | — | (0.00)(d) | |||||
Return of Capital
|
— | (0.12) | (0.03) | (0.24) | — | — | |||||
Total distributions
|
(0.13) | (0.16) | (0.13) | (0.24) | (0.22) | (0.00)(d) | |||||
Net asset value, end of period
|
$ 34.46 | $ 37.76 | $ 33.98 | $ 34.15 | $ 33.87 | $ 33.17 | |||||
Total return (e)
|
(8.41)% | 11.69% | (0.15)% | 1.59% | 2.71% | 2.26% | |||||
Ratios and Supplemental Data: | |||||||||||
Net assets, end of period (in 000s)
|
$151,641 | $260,546 | $190,273 | $167,358 | $230,286 | $149,286 | |||||
Ratios to average net assets: | |||||||||||
Total expenses
|
0.50% | 0.50% | 0.50%(f) | 0.51% | 0.50% | 0.50% | |||||
Net investment income (loss)
|
0.32% | 0.54% | 0.81%(f) | 0.88% | 0.72% | 1.30% | |||||
Portfolio turnover rate (g)
|
14% | 23% | 5%(h) | 16% | 23% | 14% |
(a) | Effective November 12, 2019, the Board of Trustees approved a change in fiscal year end for the Fund from June 30 to December 31. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Annualized. |
(g) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(h) | Not annualized. |
SPDR Bloomberg International Treasury Bond ETF | |||||||||||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 |
Six-month
Period Ended 12/31/19(a) |
Year
Ended 6/30/19 |
Year
Ended 6/30/18 |
Year
Ended 6/30/17 | ||||||
Net asset value, beginning of period
|
$ 31.22 | $ 28.74 | $ 28.87 | $ 27.88 | $ 27.56 | $ 28.60 | |||||
Income (loss) from investment operations: | |||||||||||
Net investment income (loss) (b)
|
0.28 | 0.35 | 0.19 | 0.39 | 0.31 | 0.46 | |||||
Net realized and unrealized gain (loss) (c)
|
(3.10) | 2.42 | (0.13) | 0.92 | 0.24 | (1.51) | |||||
Total from investment operations
|
(2.82) | 2.77 | 0.06 | 1.31 | 0.55 | (1.05) | |||||
Contribution from Affiliate
|
— | 0.00(d) | — | — | — | — | |||||
Other capital (b)
|
0.01 | 0.01 | 0.00(d) | 0.01 | 0.01 | 0.01 | |||||
Distributions to shareholders from: | |||||||||||
Net investment income
|
(0.26) | (0.30) | (0.19) | (0.33) | (0.24) | — | |||||
Total distributions
|
(0.26) | (0.30) | (0.19) | (0.33) | (0.24) | — | |||||
Net asset value, end of period
|
$ 28.15 | $ 31.22 | $ 28.74 | $ 28.87 | $ 27.88 | $ 27.56 | |||||
Total return (e)
|
(9.01)% | 9.73%(f) | 0.20% | 4.78% | 2.02% | (3.61)% | |||||
Ratios and Supplemental Data: | |||||||||||
Net assets, end of period (in 000s)
|
$951,578 | $1,011,547 | $1,028,855 | $1,122,866 | $1,519,631 | $1,568,418 | |||||
Ratios to average net assets: | |||||||||||
Total expenses
|
0.35% | 0.35% | 0.35%(g) | 0.38% | 0.50% | 0.50% | |||||
Net investment income (loss)
|
0.95% | 1.19% | 1.31%(g) | 1.42% | 1.09% | 1.46% | |||||
Portfolio turnover rate (h)
|
15% | 16% | 7%(i) | 18% | 29% | 25% |
(a) | Effective November 12, 2019, the Board of Trustees approved a change in fiscal year end for the Fund from June 30 to December 31. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | If an affiliate had not made a contribution during the year ended December 31, 2020, the total return would have remained 9.73%. |
(g) | Annualized. |
(h) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(i) | Not annualized. |
SPDR Bloomberg Short Term International Treasury Bond ETF | |||||||||||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 |
Six-month
Period Ended 12/31/19(a) |
Year
Ended 6/30/19 |
Year
Ended 6/30/18 |
Year
Ended 6/30/17 | ||||||
Net asset value, beginning of period
|
$ 32.84 | $ 30.88 | $ 31.05 | $ 31.38 | $ 31.23 | $ 31.48 | |||||
Income (loss) from investment operations: | |||||||||||
Net investment income (loss) (b)
|
(0.03) | 0.05 | 0.07 | 0.16 | 0.00(c) | 0.03 | |||||
Net realized and unrealized gain (loss) (d)
|
(2.26) | 1.94 | (0.17) | (0.10) | 0.28 | (0.42) | |||||
Total from investment operations
|
(2.29) | 1.99 | (0.10) | 0.06 | 0.28 | (0.39) | |||||
Contribution from Affiliate
|
— | 0.00(c) | — | — | — | 0.18 | |||||
Other capital (b)
|
0.01 | 0.01 | 0.00(c) | 0.00(c) | 0.01 | 0.00(c) | |||||
Distributions to shareholders from: | |||||||||||
Net investment income
|
(0.18) | (0.04) | — | (0.33) | (0.14) | — | |||||
Net realized gains
|
— | — | — | — | — | (0.04) | |||||
Return of Capital
|
— | — | (0.07) | (0.06) | — | — | |||||
Total distributions
|
(0.18) | (0.04) | (0.07) | (0.39) | (0.14) | (0.04) | |||||
Net asset value, end of period
|
$ 30.38 | $ 32.84 | $ 30.88 | $ 31.05 | $ 31.38 | $ 31.23 | |||||
Total return (e)
|
(6.91)% | 6.49%(f) | (0.36)% | 0.21% | 0.90% | (0.66)%(g) | |||||
Ratios and Supplemental Data: | |||||||||||
Net assets, end of period (in 000s)
|
$170,134 | $213,429 | $299,496 | $298,118 | $332,582 | $196,749 | |||||
Ratios to average net assets: | |||||||||||
Total expenses
|
0.35% | 0.35% | 0.35%(h) | 0.36% | 0.35% | 0.35% | |||||
Net investment income (loss)
|
(0.09)% | 0.16% | 0.43%(h) | 0.51% | 0.01% | 0.11% | |||||
Portfolio turnover rate (i)
|
64% | 67% | 31%(j) | 66% | 63% | 74% |
(a) | Effective November 12, 2019, the Board of Trustees approved a change in fiscal year end for the Fund from June 30 to December 31. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amount is less than $0.005 per share. |
(d) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | If an affiliate had not made a contribution during the year ended ended December 31, 2020, the total return would have remained 6.49%. |
(g) | If the Adviser had not made a one-time voluntary contribution during the period ended June 30, 2017, the total return would have been (1.24)%. |
(h) | Annualized. |
(i) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(j) | Not annualized. |
SPDR FTSE International Government Inflation-Protected Bond ETF | |||||||||||
Year
Ended 12/31/21 |
Year
Ended 12/31/20 |
Six-month
Period Ended 12/31/19(a) |
Year
Ended 6/30/19 |
Year
Ended 6/30/18 |
Year
Ended 6/30/17 | ||||||
Net asset value, beginning of period
|
$ 58.57 | $ 55.28 | $ 55.31 | $ 54.63 | $ 55.75 | $ 55.13 | |||||
Income (loss) from investment operations: | |||||||||||
Net investment income (loss) (b)
|
2.56 | 1.02 | 0.66 | 1.92 | 1.73 | 1.86 | |||||
Net realized and unrealized gain (loss) (c)
|
(4.71) | 3.17 | 0.19 | 0.57 | (1.11) | (0.65) | |||||
Total from investment operations
|
(2.15) | 4.19 | 0.85 | 2.49 | 0.62 | 1.21 | |||||
Contribution from Affiliate
|
— | — | — | — | 0.00(d) | — | |||||
Other capital (b)
|
0.02 | 0.03 | 0.01 | 0.03 | 0.11 | 0.07 | |||||
Distributions to shareholders from: | |||||||||||
Net investment income
|
(2.49) | (0.93) | (0.87) | — | (1.18) | — | |||||
Net realized gains
|
— | — | — | — | (0.47) | (0.66) | |||||
Return of Capital
|
— | — | (0.02) | (1.84) | (0.20) | — | |||||
Total distributions
|
(2.49) | (0.93) | (0.89) | (1.84) | (1.85) | (0.66) | |||||
Net asset value, end of period
|
$ 53.95 | $ 58.57 | $ 55.28 | $ 55.31 | $ 54.63 | $ 55.75 | |||||
Total return (e)
|
(3.68)% | 7.76% | 1.58% | 4.78% | 1.21% | 2.39% | |||||
Ratios and Supplemental Data: | |||||||||||
Net assets, end of period (in 000s)
|
$453,227 | $380,717 | $431,216 | $475,714 | $568,158 | $496,236 | |||||
Ratios to average net assets: | |||||||||||
Total expenses
|
0.50% | 0.50% | 0.50%(f) | 0.50% | 0.50% | 0.50% | |||||
Net investment income (loss)
|
4.57% | 1.90% | 2.39%(f) | 3.60% | 3.02% | 3.39% | |||||
Portfolio turnover rate (g)
|
20% | 28% | 8%(h) | 37% | 32% | 42% |
(a) | Effective November 12, 2019, the Board of Trustees approved a change in fiscal year end for the Fund from June 30 to December 31. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Annualized. |
(g) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(h) | Not annualized. |
SPDR Bloomberg Emerging Markets Local Bond ETF (Formerly, SPDR Bloomberg Barclays Emerging Markets Local Bond ETF) |
SPDR Bloomberg International Corporate Bond ETF (Formerly, SPDR Bloomberg Barclays International Corporate Bond ETF) |
SPDR Bloomberg International Treasury Bond ETF (Formerly, SPDR Bloomberg Barclays International Treasury Bond ETF) |
SPDR Bloomberg Short Term International Treasury Bond ETF (Formerly, SPDR Bloomberg Barclays Short Term International Treasury Bond ETF) |
SPDR FTSE International Government Inflation-Protected Bond ETF |
Funds | Strategies |
SPDR Bloomberg Emerging Markets Local Bond ETF | Efficient portfolio management to reduce the currency deviation of the fund versus the Index |
Asset Derivatives | |||||||||||
Interest
Rate Risk |
Foreign
Exchange Risk |
Credit
Risk |
Equity
Risk |
Commodity
Risk |
Total | ||||||
SPDR Bloomberg Emerging Markets Local Bond ETF | |||||||||||
Forward Foreign Currency Exchange Contracts
|
$— | $37,610 | $— | $— | $— | $37,610 |
Liability Derivatives | |||||||||||
Interest
Rate Risk |
Foreign
Exchange Risk |
Credit
Risk |
Equity
Risk |
Commodity
Risk |
Total | ||||||
SPDR Bloomberg Emerging Markets Local Bond ETF | |||||||||||
Forward Foreign Currency Exchange Contracts
|
$— | $31,494 | $— | $— | $— | $31,494 |
Net Realized Gain (Loss) | |||||||||||
Interest
Rate Risk |
Foreign
Exchange Risk |
Credit
Risk |
Equity
Risk |
Commodity
Risk |
Total | ||||||
SPDR Bloomberg Emerging Markets Local Bond ETF | |||||||||||
Forward Foreign Currency Exchange Contracts
|
$— | $(1,876) | $— | $— | $— | $(1,876) |
Net Change in Unrealized Appreciation (Depreciation) | |||||||||||
Interest
Rate Risk |
Foreign
Exchange Risk |
Credit
Risk |
Equity
Risk |
Commodity
Risk |
Total | ||||||
SPDR Bloomberg Emerging Markets Local Bond ETF | |||||||||||
Forward Foreign Currency Exchange Contracts
|
$— | $10,110 | $— | $— | $— | $10,110 |
Offsetting of Financial Assets and Derivative Assets | ||||||||
Forward Foreign Currency Exchange Contracts | ||||||||
Counterparty | Gross
Amounts of Assets |
Amount
Eligible to Offset |
Collateral
(Received) Pledged |
Net
Amount | ||||
UBS AG
|
$37,610 | $(17,973) | $— | $19,637 | ||||
$37,610 | $(17,973) | $— | $19,637 |
Offsetting of Financial Liabilities and Derivative Liabilities | ||||||||
Forward Foreign Currency Exchange Contracts | ||||||||
Counterparty | Gross
Amounts of Liabilities |
Amount
Eligible to Offset |
Collateral
(Received) Pledged |
Net
Amount | ||||
Goldman Sachs Capital Markets L.P.
|
$ (11,121) | $ — | $— | $ (11,121) | ||||
Standard Chartered Bank
|
(2,400) | — | — | (2,400) | ||||
UBS AG
|
(17,973) | 17,973 | — | — | ||||
$(31,494) | $17,973 | $— | $(13,521) |
Annual Rate | |
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
0.30% |
SPDR Bloomberg International Corporate Bond
ETF
|
0.50 |
SPDR Bloomberg International Treasury Bond
ETF
|
0.35 |
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
0.35 |
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
0.50 |
Purchases | Sales | ||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$628,097,069 | $266,070,434 | |
SPDR Bloomberg International Corporate Bond
ETF
|
38,015,863 | 29,569,787 | |
SPDR Bloomberg International Treasury Bond
ETF
|
168,946,431 | 144,195,232 | |
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
135,662,912 | 132,911,136 | |
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
104,359,537 | 82,641,400 |
In-kind
Contributions |
In-kind
Redemptions |
In-kind
Net Realized Gains/(Losses) | |||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$ 26,865,776 | $ 51,785,916 | $(2,731,993) | ||
SPDR Bloomberg International Corporate Bond
ETF
|
— | 94,761,348 | 4,230,928 | ||
SPDR Bloomberg International Treasury Bond
ETF
|
165,926,064 | 125,772,517 | 2,656,926 | ||
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
39,176,225 | 57,178,326 | 450,058 | ||
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
95,429,066 | 19,315,974 | 2,509,257 |
Ordinary
Income |
Long-Term
Capital Gains |
Tax
Return of Capital |
Total | ||||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$39,014,812 | $ — | $6,269,073 | $45,283,885 | |||
SPDR Bloomberg International Corporate Bond
ETF
|
716,688 | — | — | 716,688 | |||
SPDR Bloomberg International Treasury Bond
ETF
|
8,885,986 | — | — | 8,885,986 | |||
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
1,221,564 | — | — | 1,221,564 | |||
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
17,883,899 | 1,231,484 | — | 19,115,383 |
Ordinary
Income |
Long-Term
Capital Gains |
Tax
Return of Capital |
Total | ||||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$ 7,233,667 | $ — | $ 27,530,700 | $ 34,764,367 | |||
SPDR Bloomberg International Corporate Bond
ETF
|
240,207 | — | 677,526 | 917,733 | |||
SPDR Bloomberg International Treasury Bond
ETF
|
9,187,648 | — | — | 9,187,648 | |||
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
217,049 | 143,946 | — | 360,995 | |||
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
4,046,100 | 1,987,423 | — | 6,033,523 |
Undistributed
Ordinary Income |
Capital
Loss Carryforwards |
Undistributed
Long-Term Capital Gains |
Net
Unrealized Gains (Losses) |
Qualified
Late-Year Losses |
Total | ||||||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$ — | $(17,158,188) | $ — | $(114,524,946) | $(1,933,132) | $(133,616,266) | |||||
SPDR Bloomberg International Corporate Bond
ETF
|
— | (212,034) | — | (3,946,923) | — | (4,158,957) | |||||
SPDR Bloomberg International Treasury Bond
ETF
|
— | (805,994) | — | (33,112,014) | — | (33,918,008) | |||||
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
526,117 | — | 138,965 | (4,470,691) | — | (3,805,609) | |||||
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
— | — | 277,223 | 3,537,632 | — | 3,814,855 |
Non-Expiring
Short Term |
Non-Expiring
Long Term | ||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$10,857,235 | $6,300,953 | |
SPDR Bloomberg International Corporate Bond
ETF
|
212,034 | — | |
SPDR Bloomberg International Treasury Bond
ETF
|
805,994 | — |
Tax
Cost |
Gross
Unrealized Appreciation |
Gross
Unrealized Depreciation |
Net
Unrealized Appreciation (Depreciation) | ||||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$1,276,711,288 | $21,877,124 | $135,942,189 | $(114,065,065) | |||
SPDR Bloomberg International Corporate Bond
ETF
|
155,504,392 | 1,370,787 | 5,279,721 | (3,908,934) | |||
SPDR Bloomberg International Treasury Bond
ETF
|
980,274,743 | 16,202,600 | 49,207,839 | (33,005,239) | |||
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
174,260,375 | 1,404,403 | 5,843,916 | (4,439,513) | |||
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
448,686,826 | 31,439,234 | 27,905,899 | 3,533,335 |
Fund | Market
Value of Securities on Loan |
Cash
Collateral Received |
Non-Cash
Collateral Received |
Total
Collateral Received | ||||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$ 7,016,089 | $ 7,188,000 | $ — | $ 7,188,000 | ||||
SPDR Bloomberg International Corporate Bond
ETF
|
2,803,766 | 2,853,956 | — | 2,853,956 |
Remaining Contractual Maturity of the Agreements as of December 31, 2021 | ||||||||||||||
Fund | Securities
Lending Transactions |
Overnight
and Continuous |
<30 Days | Between
30 & 90 Days |
>90 Days | Total
Borrowings |
Gross
Amount of Recognized Liabilities for Securities Lending Transactions | |||||||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
Foreign Government Obligations | $7,188,000 | $— | $— | $— | $7,188,000 | $7,188,000 | |||||||
SPDR Bloomberg International Corporate Bond
ETF
|
Corporate Bonds & Notes | 2,853,956 | — | — | — | 2,853,956 | 2,853,956 |
Individual series constituting SPDR Series Trust | Statement of operations | Statements of changes in net assets | Financial highlights |
SPDR
Bloomberg Emerging Markets Local Bond ETF (formerly, SPDR Bloomberg
Barclays Emerging Markets Local Bond ETF) SPDR Bloomberg International Corporate Bond ETF (formerly, SPDR Bloomberg Barclays International Corporate Bond ETF) SPDR Bloomberg International Treasury Bond ETF (formerly, SPDR Bloomberg Barclays International Treasury Bond ETF) SPDR Bloomberg Short Term International Treasury Bond ETF (formerly, SPDR Bloomberg Barclays Short Term International Treasury Bond ETF) SPDR FTSE International Government Inflation-Protected Bond |
For
the year ended December 31, 2021 |
For
the each of the two years in the period ended December 31, 2021 |
For
each of the two years in the period ended December 31, 2021, the period from July 1, 2019 to December 31, 2019 and each of the three years in the period ended June 30, 2019 |
Actual | Hypothetical (assuming a 5% return before expenses) | ||||||||
Annualized
Expense Ratio |
Ending
Account Value |
Expenses
Paid During Period(a) |
Ending
Account Value |
Expenses
Paid During Period(a) | |||||
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
0.30% | $942.80 | $1.47 | $1,023.70 | $1.53 | ||||
SPDR Bloomberg International Corporate Bond
ETF
|
0.50 | 953.40 | 2.46 | 1,022.70 | 2.55 | ||||
SPDR Bloomberg International Treasury Bond
ETF
|
0.35 | 964.40 | 1.73 | 1,023.40 | 1.79 | ||||
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
0.35 | 964.30 | 1.73 | 1,023.40 | 1.79 | ||||
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
0.50 | 989.80 | 2.51 | 1,022.70 | 2.55 |
(a) | Expenses are equal to the Fund's annualized net expense ratio multiplied by the average account value of the period, multiplied by 184, then divided by 365. |
Amount | |
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
$1,231,484 |
Amount | |
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$2,054,818 |
SPDR Bloomberg International Treasury Bond
ETF
|
507,778 |
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
67,973 |
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
53,975 |
Amount | |
SPDR Bloomberg Emerging Markets Local Bond
ETF
|
$51,086,866 |
SPDR Bloomberg International Treasury Bond
ETF
|
12,848,279 |
SPDR Bloomberg Short Term International Treasury
Bond ETF
|
708,054 |
SPDR FTSE International Government
Inflation-Protected Bond ETF
|
20,909,058 |
• | the Program supported each Fund’s ability to honor redemption requests timely; |
• | the Program supported SSGA FM’s management of each Fund’s liquidity profile, including during periods of market volatility and net redemptions; |
• | no material liquidity issues were identified during the period; |
• | there were no material changes to the Program during the period; |
• | the implementation of the Program was effective to manage each Fund’s liquidity risk; and |
• | the Program operated adequately during the period. |
Name,
Address and Year of Birth |
Position(s)
with Funds |
Term
of Office and Length of Time Served |
Principal
Occupation(s) During Past 5 Years |
Number
of Portfolios in Fund Complex Overseen by Trustee† |
Other
Directorships Held by Trustee During the Past 5 Years | |||||
Trustees | ||||||||||
Independent Trustees | ||||||||||
CARL
G. VERBONCOEUR c/o SPDR Series Trust One Iron Street Boston, MA 02210 1952 |
Independent
Trustee, Chairman, Trustee Committee Chair |
Term:
Unlimited Served: since April 2010 |
Self-employed
consultant since 2009. |
122 | The
Motley Fool Funds Trust (Trustee). | |||||
DWIGHT
D. CHURCHILL c/o SPDR Series Trust One Iron Street Boston, MA 02210 1953 |
Independent
Trustee, Audit Committee Chair |
Term:
Unlimited Served: since April 2010 |
Self-employed
consultant since 2010; CEO and President, CFA Institute (June 2014 - January 2015). |
122 | Affiliated Managers Group, Inc. (Chairman, Director and Audit Committee Chair). | |||||
CLARE
S. RICHER c/o SPDR Series Trust One Iron Street Boston, MA 02210 1958 |
Independent
Trustee |
Term:
Unlimited Served: since July 2018 |
Retired.
Chief Financial Officer, Putnam Investments LLC (December 2008 - May 2017). |
122 | Principal
Financial Group (Director); Bain Capital Specialty Finance (Director); Putnam Acquisition Financing Inc. (Director); Putnam Acquisition Financing LLC (Director); Putnam GP Inc. (Director); Putnam Investor Services, Inc. (Director); Putnam Investments Limited (Director); University of Notre Dame (Trustee). | |||||
SANDRA
G. SPONEM c/o SPDR Series Trust One Iron Street Boston, MA 02210 1958 |
Independent
Trustee |
Term:
Unlimited Served: since July 2018 |
Retired.
Chief Financial Officer, M.A. Mortenson Companies, Inc. (February 2007 - April 2017). |
122 | Rydex
Series Funds (Trustee); Rydex Dynamic Funds (Trustee); Rydex Variable Trust (Trustee); Guggenheim Funds Trust (Trustee); Guggenheim Variable Funds Trust (Trustee); Guggenheim Strategy Funds Trust (Trustee); Transparent Value Trust (Trustee); Fiduciary/ Claymore Energy Infrastructure Fund (Trustee); Guggenheim Taxable Municipal Managed Duration Trust (Trustee); Guggenheim Strategic Opportunities Fund (Trustee); Guggenheim Enhanced Equity Income Fund (Trustee); Guggenheim Credit Allocation Fund (Trustee); Guggenheim Energy & Income Fund (Trustee and Audit Committee Chair). |
Name,
Address and Year of Birth |
Position(s)
with Funds |
Term
of Office and Length of Time Served |
Principal
Occupation(s) During Past 5 Years |
Number
of Portfolios in Fund Complex Overseen by Trustee† |
Other
Directorships Held by Trustee During the Past 5 Years | |||||
Interested Trustee | ||||||||||
JAMES
E. ROSS* c/o SPDR Series Trust One Iron Street Boston, MA 02210 1965 |
Interested
Trustee |
Term:
Unlimited Served as Trustee: since April 2010 |
Non-Executive
Chairman, Fusion Acquisition Corp. (June 2020 - Sept 2021); Non-Executive Chairman, Fusion Acquisition Corp II (Feb 2020 – present): Retired Chairman and Director, SSGA Funds Management, Inc. (2005 - March 2020); Retired Executive Vice President, State Street Global Advisors (2012 - March 2020); Retired Chief Executive Officer and Manager, State Street Global Advisors Funds Distributors, LLC (May 2017 - March 2020); Director, State Street Global Markets, LLC (2013 - April 2017); President, SSGA Funds Management, Inc. (2005 - 2012); Principal, State Street Global Advisors (2000 - 2005). |
133 | SSGA
SPDR ETFs Europe I plc (Director) (November 2016 - March 2020); SSGA SPDR ETFs Europe II plc (Director) (November 2016 - March 2020); State Street Navigator Securities Lending Trust (July 2016 - March 2020); SSGA Funds (January 2014 - March 2020); State Street Institutional Investment Trust (February 2007 - March 2020); State Street Master Funds (February 2007 - March 2020); Elfun Funds (July 2016 - December 2018). | |||||
† For the purpose of determining the number of portfolios overseen by the Trustees, “Fund Complex” comprises registered investment companies for which SSGA Funds Management, Inc. serves as investment adviser. | ||||||||||
* Mr. Ross is an Interested Trustee because of his former position with the Adviser and ownership interest in an affiliate of the Adviser. Mr. Ross previously served as an Interested Trustee from November 2005 to December 2009. |
Name,
Address and Year of Birth |
Position(s)
with Funds |
Term
of Office and Length of Time Served |
Principal Occupation(s) During the Past 5 Years | |||
Officers | ||||||
ELLEN
M. NEEDHAM SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1967 |
President | Term:
Unlimited Served: since October 2012 |
Chairman, SSGA Funds Management Inc. (March 2020 - present); President and Director, SSGA Funds Management, Inc. (2001 - present)*; Senior Managing Director, State Street Global Advisors (1992 - present)*; Manager, State Street Global Advisors Funds Distributors, LLC (May 2017 - present). | |||
BRUCE
S. ROSENBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1961 |
Treasurer | Term:
Unlimited Served: since February 2016 |
Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (July 2015 - present); Director, Credit Suisse (April 2008 - July 2015). | |||
ANN
M. CARPENTER SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1966 |
Vice
President; Deputy Treasurer |
Term:
Unlimited Served: since August 2012 (with respect to Vice President); Unlimited Served: since February 2016 (with respect to Deputy Treasurer) |
Chief Operating Officer, SSGA Funds Management, Inc. (April 2005 - Present)*; Managing Director, State Street Global Advisors (April 2005 - present).* | |||
MICHAEL
P. RILEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 |
Vice
President |
Term:
Unlimited Served: since February 2005 |
Managing Director, State Street Global Advisors (2005 - present).* | |||
CHAD
C. HALLETT SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 |
Deputy
Treasurer |
Term:
Unlimited Served: since February 2016 |
Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (November 2014 - present); Vice President, State Street Bank and Trust Company (2001 - November 2014).* | |||
DARLENE
ANDERSON-VASQUEZ SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1968 |
Deputy
Treasurer |
Term:
Unlimited Served: since November 2016 |
Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (May 2016 - present); Senior Vice President, John Hancock Investments (September 2007 - May 2016). | |||
ARTHUR
A. JENSEN SSGA Funds Management, Inc. 1600 Summer Street Stamford, CT 06905 1966 |
Deputy
Treasurer |
Term:
Unlimited Served: Since August 2017 |
Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (July 2016 - present); Mutual Funds Controller of GE Asset Management Incorporated (April 2011 - July 2016). | |||
DAVID
LANCASTER SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1971 |
Assistant
Treasurer |
Term:
Unlimited Served: since November 2020 |
Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (July 2017 - present); Assistant Vice President, State Street Bank and Trust Company (November 2011 - July 2017).* | |||
BRIAN
HARRIS SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1973 |
Chief
Compliance Officer; Anti-Money Laundering Officer; Code of Ethics Compliance Officer |
Term:
Unlimited Served: since November 2013 |
Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (June 2013 - present).* |
Name,
Address and Year of Birth |
Position(s)
with Funds |
Term
of Office and Length of Time Served |
Principal Occupation(s) During the Past 5 Years | |||
SEAN
O'MALLEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 |
Chief Legal Officer | Term:
Unlimited Served:since August 2019 |
Senior Vice President and Deputy General Counsel, State Street Global Advisors (November 2013 - present). | |||
TIMOTHY
COLLINS SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1967 |
Assistant
Secretary |
Term:
Unlimited Served: since August 2021 |
Vice President and Senior Counsel, State Street Global Advisors (August 2021 - present); Vice President and Managing Counsel, State Street Corporation (March 2020-August 2021); Vice President and Senior Counsel (April 2018-March 2020); Counsel, Sutton Place Investments (January 2010-March 2018). | |||
DAVID
BARR SSGA Funds Management, Inc One Iron Street Boston, MA 02210 1974 |
Assistant
Secretary |
Term:Unlimited
Served:since November 2020 |
Vice President and Senior Counsel, State Street Global Advisors (October 2019 - present); Vice President at Eaton Vance Corp. (October 2010 - October 2019). | |||
DAVID
URMAN SSGA Funds Management, Inc One Iron Street Boston, MA 02210 1985 |
Secretary | Term:Unlimited
Served:since August 2019 |
Vice President and Senior Counsel, State Street Global Advisors (April 2019 - present); Vice President and Counsel, State Street Global Advisors (August 2015 - April 2019); Associate, Ropes & Gray LLP (November 2012 - August 2015). | |||
* Served in various capacities and/or with various affiliated entities during noted time period. | ||||||
The Statement of Additional Information (SAI) includes additional information about the Funds' trustees and is available, without charge, upon request and by calling 1-866-787-2257. |