Quarterly Report
March 31, 2026
State Street Variable Insurance Series Funds, Inc. 
State Street Variable Insurance Series Funds, Inc.
Quarterly Report
March 31, 2026
Table of Contents (Unaudited)
 
 
Page
 
1
4
12
14
20
32
90
92
State Street U.S. Equity V.I.S. Fund
Schedule of Investments 
March 31, 2026 (Unaudited)
 
 
Number
of Shares
Fair
Value
Common Stock - 98.1% †
Aerospace & Defense - 0.7%
RTX Corp.
680
$131,172
Application Software - 2.2%
Adobe, Inc. (a)
211
51,290
Intuit, Inc.
82
35,455
Salesforce, Inc.
794
148,216
Synopsys, Inc. (a)
402
159,385
 
394,346
Automobile Manufacturers - 1.1%
General Motors Co.
1,399
104,225
Tesla, Inc. (a)
268
99,629
 
203,854
Automotive Retail - 0.5%
O'Reilly Automotive, Inc. (a)
995
91,848
Biotechnology - 0.3%
Vertex Pharmaceuticals,
Inc. (a)
131
58,497
Broadline Retail - 4.6%
Amazon.com, Inc. (a)
3,945
821,625
Building Products - 0.6%
Trane Technologies PLC
243
101,268
Construction & Engineering - 0.1%
MasTec, Inc. (a)
48
15,444
Construction Machinery & Heavy Transportation
Equipment - 1.2%
Westinghouse Air Brake
Technologies Corp.
869
217,172
Construction Materials - 0.7%
Martin Marietta Materials, Inc.
214
125,977
Consumer Staples Merchandise Retail - 2.1%
BJ's Wholesale Club Holdings,
Inc. (a)
1,415
139,264
Costco Wholesale Corp.
67
66,761
Walmart, Inc.
1,321
164,174
 
370,199
Copper - 0.3%
Freeport-McMoRan, Inc.
882
51,844
Data Center REITs - 0.9%
Equinix, Inc.
169
165,661
Data Processing & Outsourced Services - 0.2%
Broadridge Financial
Solutions, Inc.
175
28,434
Diversified Banks - 3.3%
Bank of America Corp.
5,277
257,254
JPMorgan Chase & Co.
1,145
336,813
 
594,067
Electric Utilities - 1.1%
NextEra Energy, Inc.
2,148
199,506
Electrical Components & Equipment - 2.0%
Eaton Corp. PLC
377
134,842
Emerson Electric Co.
1,704
223,258
 
358,100
 
Number
of Shares
Fair
Value
Electronic Components - 0.9%
Amphenol Corp., Class A
1,201
$151,746
Environmental & Facilities Services - 1.5%
Tetra Tech, Inc.
1,587
47,800
Waste Management, Inc.
915
210,258
 
258,058
Financial Exchanges & Data - 3.3%
CME Group, Inc.
203
59,956
Intercontinental Exchange, Inc.
1,460
229,629
S&P Global, Inc.
703
299,014
 
588,599
Healthcare Equipment - 2.1%
Abbott Laboratories
714
73,306
Boston Scientific Corp. (a)
2,783
174,633
Dexcom, Inc. (a)
693
43,521
Intuitive Surgical, Inc. (a)
170
78,368
 
369,828
Healthcare Supplies - 0.4%
Cooper Cos., Inc. (a)
915
65,422
Home Improvement Retail - 1.6%
Home Depot, Inc.
813
267,388
Lowe's Cos., Inc.
80
18,902
 
286,290
Household Products - 0.6%
Procter & Gamble Co.
685
98,941
Independent Power Producers & Energy Traders - 0.3%
Vistra Corp.
340
51,112
Industrial Gases - 1.3%
Linde PLC
466
231,024
Industrial Machinery & Supplies & Components - 1.3%
Parker-Hannifin Corp.
266
238,134
Insurance Brokers - 0.9%
Marsh & McLennan Cos., Inc.
873
151,422
Integrated Oil & Gas - 2.9%
Chevron Corp.
868
179,589
Exxon Mobil Corp.
2,018
342,374
 
521,963
Interactive Media & Services - 9.3%
Alphabet, Inc., Class A
3,344
961,600
Alphabet, Inc., Class C
502
144,004
Meta Platforms, Inc., Class A
970
554,966
 
1,660,570
Investment Banking & Brokerage - 0.3%
Robinhood Markets, Inc.,
Class A (a)
722
50,035
IT Consulting & Other Services - 0.2%
Accenture PLC, Class A
162
32,123
Life Sciences Tools & Services - 2.1%
Agilent Technologies, Inc.
577
65,766
Danaher Corp.
735
139,356
Repligen Corp. (a)
363
42,769
Thermo Fisher Scientific, Inc.
234
115,018
See Notes to Schedule of Investments.
 
State Street U.S. Equity V.I.S. Fund
1
State Street U.S. Equity V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Waters Corp. (a)
22
$6,552
 
369,461
Movies & Entertainment - 1.2%
Netflix, Inc. (a)
1,432
137,687
Walt Disney Co.
694
66,887
 
204,574
Multi-Sector Holdings - 1.1%
Berkshire Hathaway, Inc.,
Class B (a)(b)
425
203,660
Multi-Utilities - 1.3%
CMS Energy Corp.
688
53,375
Sempra
1,882
182,874
 
236,249
Oil & Gas Exploration & Production - 0.4%
EQT Corp.
1,106
70,386
Packaged Foods & Meats - 0.2%
Mondelez International, Inc.,
Class A
582
33,546
Passenger Ground Transportation - 1.2%
Uber Technologies, Inc. (a)
3,036
218,379
Pharmaceuticals - 4.1%
AstraZeneca PLC ADR
466
91,905
Eli Lilly & Co.
343
315,481
Johnson & Johnson
846
206,796
Merck & Co., Inc.
992
119,328
 
733,510
Property & Casualty Insurance - 0.9%
American International Group,
Inc.
397
29,874
Chubb Ltd.
229
74,638
Progressive Corp.
264
52,336
 
156,848
Real Estate Services - 0.7%
CBRE Group, Inc., Class A (a)
901
122,049
Regional Banks - 0.5%
Regions Financial Corp.
3,630
94,816
Restaurants - 0.5%
McDonald's Corp.
300
93,237
Semiconductor Materials & Equipment - 1.9%
Applied Materials, Inc.
729
249,165
Lam Research Corp.
385
82,259
 
331,424
Semiconductors - 14.9%
Advanced Micro Devices,
Inc. (a)
1,323
269,138
Broadcom, Inc.
1,918
593,640
Micron Technology, Inc. (b)
298
100,676
NVIDIA Corp.
9,196
1,603,783
Texas Instruments, Inc.
434
84,257
 
2,651,494
Soft Drinks & Non-alcoholic Beverages - 0.8%
Monster Beverage Corp. (a)
1,125
81,517
PepsiCo, Inc.
430
66,775
 
148,292
 
Number
of Shares
Fair
Value
Specialty Chemicals - 0.3%
Ecolab, Inc.
106
$28,198
International Flavors &
Fragrances, Inc.
234
16,977
 
45,175
Systems Software - 6.7%
Crowdstrike Holdings, Inc.,
Class A (a)
98
38,260
Microsoft Corp.
2,761
1,022,039
Oracle Corp.
615
90,473
ServiceNow, Inc. (a)
392
40,984
 
1,191,756
Technology Hardware, Storage & Peripherals - 5.5%
Apple, Inc.
3,873
982,929
Telecom Tower REITs - 0.3%
American Tower Corp.
270
46,597
Tobacco - 0.8%
Philip Morris International, Inc.
805
133,099
Trading Companies & Distributors - 1.3%
United Rentals, Inc.
210
152,998
WW Grainger, Inc.
74
80,720
 
233,718
Transaction & Payment Processing Services - 2.4%
Mastercard, Inc., Class A
309
154,395
Visa, Inc., Class A
919
277,758
 
432,153
Wireless Telecommunication Services - 0.2%
T-Mobile U.S., Inc.
187
39,276
Total Common Stock
(Cost $10,101,931)
17,456,909
Short-Term Investment - 1.8%
State Street Institutional
U.S. Government Money
Market Fund - Class G
Shares 3.64% (c)(d)
(Cost $320,080)
320,080
320,080
Total Investments
(Cost $10,422,011)
17,776,989
Other Assets and Liabilities, net - 0.1%
20,858
NET ASSETS - 100.0%
$17,797,847
See Notes to Schedule of Investments.
 
2
State Street U.S. Equity V.I.S. Fund
State Street U.S. Equity V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Other Information:
 
The Fund had the following long futures contracts open at March 31, 2026:
 
Description
Expiration
Date
Number of
Contracts
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
Micro E-mini S&P 500 Futures
June 2026
9
$301,238
$295,684
$(5,554
)
The views expressed in this document reflect our judgment as of the publication date and are subject to change at any time without notice. The securities cited may not be representative of the Fund’s future investments and should not be construed as a recommendation to purchase or sell a particular security. See the Fund’s summary prospectus and statutory prospectus for complete descriptions of investment objectives, policies, risks and permissible investments. 
(a)
Non-income producing security.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for futures
contracts.
(c)
Sponsored by SSGA Funds Management, Inc., the
Fund’s investment adviser and administrator, and an
affiliate of State Street Bank & Trust Co., the Fund’s
sub-administrator, custodian and accounting agent.
(d)
Coupon amount represents effective yield.
†
Percentages are based on net assets as of March 31,
2026.
 
Abbreviations:
ADR - American Depositary Receipt
REIT - Real Estate Investment Trust
The following table presents the Fund’s investments measured at fair value on a recurring basis at March 31, 2026: 
Investments
Level 1
Level 2
Level 3
Total
Investments in Securities
Common Stock
$17,456,909
$—
$—
$17,456,909
Short-Term Investment
320,080
—
—
320,080
Total Investments in Securities
$17,776,989
$—
$—
$17,776,989
Other Financial Instruments
Long Futures Contracts - Unrealized Depreciation
(5,554
)
—
—
(5,554
)
Total Other Financial Instruments
$(5,554
)
$—
$—
$(5,554
)
 
Affiliate Table
 
 
Number
of Shares
Held at
12/31/25
Value at
12/31/25
Cost of
Purchases
Proceeds
from
Shares
Sold
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Number of
Shares
Held at
3/31/26
Value at
3/31/26
Dividend
Income
State Street Institutional U.S. Government
Money Market Fund - Class G Shares
256,361
$256,361
$1,191,425
$1,127,706
$—
$—
320,080
$320,080
$3,911
See Notes to Schedule of Investments.
 
State Street U.S. Equity V.I.S. Fund
3
State Street S&P 500 Index V.I.S. Fund
Schedule of Investments 
March 31, 2026 (Unaudited)
 
 
Number
of Shares
Fair
Value
Common Stock - 99.0% †
Advertising - 0.1%
Omnicom Group, Inc.
1,016
$76,515
Trade Desk, Inc., Class A (a)
1,600
36,304
 
112,819
Aerospace & Defense - 2.3%
Axon Enterprise, Inc. (a)
279
118,488
Boeing Co. (a)
2,630
523,449
General Dynamics Corp.
832
285,559
General Electric Co.
3,496
992,060
Howmet Aerospace, Inc.
1,338
308,355
Huntington Ingalls Industries,
Inc.
131
49,767
L3Harris Technologies, Inc.
634
218,825
Lockheed Martin Corp.
679
410,381
Northrop Grumman Corp.
440
300,186
RTX Corp.
4,477
863,613
Textron, Inc.
602
52,711
TransDigm Group, Inc.
185
214,408
 
4,337,802
Agricultural & Farm Machinery - 0.2%
Deere & Co.
840
473,172
Agricultural Products & Services - 0.1%
Archer-Daniels-Midland Co.
1,617
117,540
Bunge Global SA
427
54,314
 
171,854
Air Freight & Logistics - 0.3%
CH Robinson Worldwide, Inc.
352
58,457
Expeditors International of
Washington, Inc.
428
61,303
FedEx Corp.
691
246,120
United Parcel Service, Inc.,
Class B
2,543
250,180
 
616,060
Apparel Retail - 0.4%
Ross Stores, Inc.
1,110
240,459
TJX Cos., Inc.
3,717
593,605
 
834,064
Apparel, Accessories & Luxury Goods - 0.1%
Lululemon Athletica, Inc. (a)
391
59,862
Ralph Lauren Corp.
137
47,127
Tapestry, Inc.
654
92,286
 
199,275
Application Software - 2.1%
Adobe, Inc. (a)
1,359
330,346
AppLovin Corp., Class A (a)
898
357,404
Autodesk, Inc. (a)
707
169,256
Cadence Design Systems,
Inc. (a)
930
258,419
Datadog, Inc., Class A (a)
1,100
129,855
Fair Isaac Corp. (a)
77
82,200
Intuit, Inc.
928
401,249
Palantir Technologies, Inc.,
Class A (a)
7,613
1,113,630
PTC, Inc. (a)
431
61,413
Roper Technologies, Inc.
336
118,897
Salesforce, Inc.
3,141
586,330
Synopsys, Inc. (a)
639
253,351
Trimble, Inc. (a)
641
41,812
 
Number
of Shares
Fair
Value
Tyler Technologies, Inc. (a)
152
$52,042
Workday, Inc., Class A (a)
762
98,999
 
4,055,203
Asset Management & Custody Banks - 0.9%
Ameriprise Financial, Inc.
304
135,098
ARES Management Corp.,
Class A
700
76,370
Bank of New York Mellon
Corp.
2,296
272,375
Blackrock, Inc.
489
470,276
Blackstone, Inc.
2,545
292,650
Franklin Resources, Inc.
991
23,407
Invesco Ltd.
1,674
40,661
KKR & Co., Inc.
2,292
212,010
Northern Trust Corp.
634
88,487
State Street Corp. (b)
841
106,437
T. Rowe Price Group, Inc.
578
52,101
 
1,769,872
Automobile Manufacturers - 2.1%
Ford Motor Co.
13,470
155,444
General Motors Co.
3,017
224,766
Tesla, Inc. (a)
9,420
3,501,885
 
3,882,095
Automotive Parts & Equipment - 0.0%*
Aptiv PLC (a)
781
54,233
Automotive Retail - 0.3%
AutoZone, Inc. (a)
57
192,534
Carvana Co. (a)
480
150,902
O'Reilly Automotive, Inc. (a)
2,904
268,068
 
611,504
Biotechnology - 1.7%
AbbVie, Inc.
5,870
1,276,666
Amgen, Inc.
1,795
631,571
Biogen, Inc. (a)
486
89,098
Gilead Sciences, Inc.
4,139
576,853
Incyte Corp. (a)
518
48,754
Moderna, Inc. (a)
1,046
53,137
Regeneron Pharmaceuticals,
Inc.
325
251,108
Vertex Pharmaceuticals,
Inc. (a)
846
377,773
 
3,304,960
Brewers - 0.0%*
Molson Coors Beverage Co.,
Class B
610
26,267
Broadcasting - 0.0%*
Fox Corp., Class A
572
33,405
Fox Corp., Class B
495
26,284
Paramount Skydance Corp.,
Class B
796
7,180
 
66,869
Broadline Retail - 3.7%
Amazon.com, Inc. (a)
32,555
6,780,230
eBay, Inc.
1,496
136,166
 
6,916,396
Building Products - 0.5%
A.O. Smith Corp.
355
23,409
Allegion PLC
179
26,007
See Notes to Schedule of Investments.
 
4
State Street S&P 500 Index V.I.S. Fund
State Street S&P 500 Index V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Builders FirstSource, Inc. (a)
400
$32,932
Carrier Global Corp.
2,749
154,796
Johnson Controls International
PLC
2,077
271,983
Lennox International, Inc.
113
52,447
Masco Corp.
766
46,243
Trane Technologies PLC
738
307,554
 
915,371
Cable & Satellite - 0.1%
Charter Communications, Inc.,
Class A (a)
296
63,900
EchoStar Corp., Class A (a)
400
46,828
 
110,728
Cargo Ground Transportation - 0.1%
JB Hunt Transport Services,
Inc.
256
54,246
Old Dominion Freight Line, Inc.
630
123,102
 
177,348
Casinos & Gaming - 0.1%
Las Vegas Sands Corp.
1,025
55,227
MGM Resorts International (a)
634
23,464
Wynn Resorts Ltd.
311
31,582
 
110,273
Commodity Chemicals - 0.1%
Dow, Inc.
2,348
97,794
LyondellBasell Industries NV,
Class A
852
68,637
 
166,431
Communications Equipment - 1.1%
Arista Networks, Inc. (a)
3,441
422,486
Ciena Corp. (a)
470
182,468
Cisco Systems, Inc.
13,231
1,026,593
F5, Inc. (a)
203
58,734
Lumentum Holdings, Inc. (a)
239
167,960
Motorola Solutions, Inc.
562
243,891
 
2,102,132
Computer & Electronics Retail - 0.0%*
Best Buy Co., Inc.
660
42,372
Construction & Engineering - 0.3%
Comfort Systems USA, Inc.
120
165,479
EMCOR Group, Inc.
142
104,840
Quanta Services, Inc.
498
273,412
 
543,731
Construction Machinery & Heavy Transportation
Equipment - 0.9%
Caterpillar, Inc.
1,564
1,108,032
Cummins, Inc.
470
252,869
PACCAR, Inc.
1,753
202,472
Westinghouse Air Brake
Technologies Corp.
496
123,955
 
1,687,328
Construction Materials - 0.3%
CRH PLC
2,300
241,776
Martin Marietta Materials, Inc.
190
111,849
Vulcan Materials Co.
474
129,070
 
482,695
 
Number
of Shares
Fair
Value
Consumer Electronics - 0.1%
Garmin Ltd.
555
$128,766
Consumer Finance - 0.5%
American Express Co.
1,788
540,834
Capital One Financial Corp.
2,083
380,002
Synchrony Financial
1,243
84,549
 
1,005,385
Consumer Staples Merchandise Retail - 1.9%
Costco Wholesale Corp.
1,475
1,469,734
Dollar General Corp.
788
93,559
Dollar Tree, Inc. (a)
661
72,386
Target Corp.
1,573
190,648
Walmart, Inc.
14,676
1,823,934
 
3,650,261
Copper - 0.2%
Freeport-McMoRan, Inc.
4,894
287,669
Data Center REITs - 0.3%
Digital Realty Trust, Inc.
1,071
193,005
Equinix, Inc.
312
305,835
 
498,840
Data Processing & Outsourced Services - 0.0%*
Broadridge Financial
Solutions, Inc.
359
58,330
Distillers & Vintners - 0.0%*
Brown-Forman Corp., Class B
555
14,674
Constellation Brands, Inc.,
Class A
441
66,150
 
80,824
Distributors - 0.0%*
Genuine Parts Co.
486
51,395
Pool Corp.
119
24,077
 
75,472
Diversified Banks - 3.2%
Bank of America Corp.
22,090
1,076,888
Citigroup, Inc.
5,768
654,149
Fifth Third Bancorp
3,092
143,654
JPMorgan Chase & Co.
8,999
2,647,146
KeyCorp
3,088
61,914
PNC Financial Services
Group, Inc.
1,308
272,182
U.S. Bancorp
5,314
276,381
Wells Fargo & Co.
10,266
817,276
 
5,949,590
Diversified Financial Services - 0.1%
Apollo Global Management,
Inc.
1,576
175,598
Diversified Support Services - 0.2%
Cintas Corp.
1,137
192,312
Copart, Inc. (a)
3,090
102,588
 
294,900
Electric Utilities - 1.7%
Alliant Energy Corp.
902
64,728
American Electric Power Co.,
Inc.
1,859
243,678
Constellation Energy Corp.
1,039
290,141
Duke Energy Corp.
2,481
324,862
See Notes to Schedule of Investments.
 
State Street S&P 500 Index V.I.S. Fund
5
State Street S&P 500 Index V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Edison International
1,323
$96,817
Entergy Corp.
1,417
159,214
Evergy, Inc.
788
64,553
Eversource Energy
1,262
87,431
Exelon Corp.
3,438
168,531
FirstEnergy Corp.
1,761
89,212
NextEra Energy, Inc.
6,932
643,844
NRG Energy, Inc.
623
91,045
PG&E Corp.
7,713
135,518
Pinnacle West Capital Corp.
389
39,192
PPL Corp.
2,627
100,351
Southern Co.
3,756
362,529
Xcel Energy, Inc.
2,020
160,469
 
3,122,115
Electrical Components & Equipment - 0.8%
AMETEK, Inc.
722
154,768
Eaton Corp. PLC
1,294
462,825
Emerson Electric Co.
1,905
249,593
Generac Holdings, Inc. (a)
165
32,230
Hubbell, Inc.
180
88,333
Rockwell Automation, Inc.
374
134,221
Vertiv Holdings Co., Class A
1,300
325,754
 
1,447,724
Electronic Components - 0.5%
Amphenol Corp., Class A
4,040
510,454
Coherent Corp. (a)
600
142,926
Corning, Inc.
2,576
350,259
 
1,003,639
Electronic Equipment & Instruments - 0.2%
Keysight Technologies, Inc. (a)
578
163,210
Teledyne Technologies, Inc. (a)
168
101,642
Zebra Technologies Corp.,
Class A (a)
182
38,052
 
302,904
Electronic Manufacturing Services - 0.2%
Jabil, Inc.
385
102,267
TE Connectivity PLC
984
205,676
 
307,943
Environmental & Facilities Services - 0.3%
Republic Services, Inc.
651
142,582
Rollins, Inc.
1,100
58,751
Veralto Corp.
847
74,892
Waste Management, Inc.
1,208
277,586
 
553,811
Fertilizers & Agricultural Chemicals - 0.2%
CF Industries Holdings, Inc.
539
69,984
Corteva, Inc.
2,334
195,379
Mosaic Co.
1,027
26,188
 
291,551
Financial Exchanges & Data - 1.0%
Cboe Global Markets, Inc.
318
89,380
CME Group, Inc.
1,215
358,850
Coinbase Global, Inc.,
Class A (a)
769
134,275
FactSet Research Systems,
Inc.
127
27,558
Intercontinental Exchange, Inc.
1,893
297,731
Moody's Corp.
527
229,904
MSCI, Inc.
259
139,603
 
Number
of Shares
Fair
Value
Nasdaq, Inc.
1,512
$128,354
S&P Global, Inc.
1,020
433,847
 
1,839,502
Food Distributors - 0.1%
Sysco Corp.
1,619
115,483
Food Retail - 0.1%
Kroger Co.
1,943
140,595
Footwear - 0.1%
Deckers Outdoor Corp. (a)
506
50,646
NIKE, Inc., Class B
4,060
214,449
 
265,095
Gas Utilities - 0.1%
Atmos Energy Corp.
568
104,921
Gold - 0.2%
Newmont Corp.
3,637
393,705
Health Care REITs - 0.3%
Alexandria Real Estate
Equities, Inc.
500
23,210
Healthpeak Properties, Inc.
2,424
39,827
Ventas, Inc.
1,595
130,439
Welltower, Inc.
2,244
443,661
 
637,137
Healthcare Distributors - 0.4%
Cardinal Health, Inc.
785
165,878
Cencora, Inc.
645
202,620
Henry Schein, Inc. (a)
362
26,680
McKesson Corp.
409
353,932
 
749,110
Healthcare Equipment - 1.7%
Abbott Laboratories
5,827
598,258
Baxter International, Inc.
1,781
29,921
Becton Dickinson & Co.
934
146,853
Boston Scientific Corp. (a)
4,948
310,487
Dexcom, Inc. (a)
1,328
83,398
Edwards Lifesciences
Corp. (a)
1,940
155,355
GE HealthCare Technologies,
Inc.
1,591
113,247
Hologic, Inc. (a)
699
52,837
IDEXX Laboratories, Inc. (a)
269
151,149
Insulet Corp. (a)
252
52,880
Intuitive Surgical, Inc. (a)
1,183
545,351
Medtronic PLC
4,326
374,848
ResMed, Inc.
500
112,240
STERIS PLC
344
76,069
Stryker Corp.
1,113
365,721
Zimmer Biomet Holdings, Inc.
689
62,299
 
3,230,913
Healthcare Facilities - 0.1%
HCA Healthcare, Inc.
522
247,031
Universal Health Services,
Inc., Class B
188
33,647
 
280,678
Healthcare Services - 0.4%
Cigna Group
879
234,473
CVS Health Corp.
4,176
299,920
DaVita, Inc. (a)
158
24,283
See Notes to Schedule of Investments.
 
6
State Street S&P 500 Index V.I.S. Fund
State Street S&P 500 Index V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Labcorp Holdings, Inc.
293
$78,176
Quest Diagnostics, Inc.
337
66,045
 
702,897
Healthcare Supplies - 0.1%
Align Technology, Inc. (a)
218
37,372
Cooper Cos., Inc. (a)
670
47,905
Solventum Corp. (a)
516
33,695
 
118,972
Heavy Electrical Equipment - 0.4%
GE Vernova, Inc.
898
783,864
Home Building - 0.2%
DR Horton, Inc.
923
126,654
Lennar Corp., Class A
655
56,880
NVR, Inc. (a)
8
52,719
PulteGroup, Inc.
641
75,388
 
311,641
Home Furnishing Retail - 0.0%*
Williams-Sonoma, Inc.
395
72,020
Home Improvement Retail - 0.8%
Home Depot, Inc.
3,317
1,090,928
Lowe's Cos., Inc.
1,904
449,877
 
1,540,805
Hotel & Resort REITs - 0.0%*
Host Hotels & Resorts, Inc.
2,184
41,845
Hotels, Resorts & Cruise Lines - 0.8%
Airbnb, Inc., Class A (a)
1,413
178,434
Booking Holdings, Inc.
107
450,504
Carnival Corp.
3,544
91,719
Expedia Group, Inc.
341
78,733
Hilton Worldwide Holdings, Inc.
764
232,317
Marriott International, Inc.,
Class A
727
237,780
Norwegian Cruise Line
Holdings Ltd. (a)
1,496
27,975
Royal Caribbean Cruises Ltd.
866
238,306
 
1,535,768
Household Products - 0.8%
Church & Dwight Co., Inc.
869
81,095
Clorox Co.
388
40,209
Colgate-Palmolive Co.
2,774
236,428
Kimberly-Clark Corp.
1,075
103,705
Procter & Gamble Co.
7,720
1,115,077
 
1,576,514
Human Resource & Employment Services - 0.2%
Automatic Data Processing,
Inc.
1,354
275,106
Paychex, Inc.
1,158
106,675
 
381,781
Independent Power Producers & Energy Traders - 0.1%
AES Corp.
2,416
34,041
Vistra Corp.
1,087
163,409
 
197,450
Industrial Conglomerates - 0.4%
3M Co.
1,757
255,169
 
Number
of Shares
Fair
Value
Honeywell International, Inc.
2,099
$474,437
 
729,606
Industrial Gases - 0.5%
Air Products & Chemicals, Inc.
770
223,678
Linde PLC
1,545
765,949
 
989,627
Industrial Machinery & Supplies & Components - 0.7%
Dover Corp.
406
84,631
Fortive Corp.
1,147
63,406
IDEX Corp.
296
56,107
Illinois Tool Works, Inc.
901
234,521
Ingersoll Rand, Inc.
1,187
95,102
Nordson Corp.
189
50,285
Otis Worldwide Corp.
1,308
100,821
Parker-Hannifin Corp.
423
378,687
Pentair PLC
584
50,872
Snap-on, Inc.
182
66,106
Stanley Black & Decker, Inc.
549
39,012
Xylem, Inc.
826
98,707
 
1,318,257
Industrial REITs - 0.2%
Prologis, Inc.
3,132
413,988
Insurance Brokers - 0.5%
Aon PLC, Class A
743
239,825
Arthur J Gallagher & Co.
883
191,240
Brown & Brown, Inc.
940
61,297
Marsh & McLennan Cos., Inc.
1,579
273,878
Willis Towers Watson PLC
344
100,001
 
866,241
Integrated Oil & Gas - 2.0%
Chevron Corp.
6,223
1,287,539
Exxon Mobil Corp.
13,977
2,371,338
Occidental Petroleum Corp.
2,496
162,240
 
3,821,117
Integrated Telecommunication Services - 0.9%
AT&T, Inc.
23,523
681,932
Comcast Corp., Class A
12,197
350,176
Verizon Communications, Inc.
14,097
707,669
 
1,739,777
Interactive Home Entertainment - 0.1%
Electronic Arts, Inc.
758
154,533
Take-Two Interactive Software,
Inc. (a)
591
116,723
 
271,256
Interactive Media & Services - 7.5%
Alphabet, Inc., Class A
19,431
5,587,578
Alphabet, Inc., Class C
15,653
4,490,220
Meta Platforms, Inc., Class A
7,289
4,170,256
 
14,248,054
Internet Services & Infrastructure - 0.1%
Akamai Technologies, Inc. (a)
482
55,358
GoDaddy, Inc., Class A (a)
486
40,178
VeriSign, Inc.
265
65,815
 
161,351
Investment Banking & Brokerage - 1.3%
Charles Schwab Corp.
5,661
532,021
See Notes to Schedule of Investments.
 
State Street S&P 500 Index V.I.S. Fund
7
State Street S&P 500 Index V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Goldman Sachs Group, Inc.
999
$845,144
Interactive Brokers Group, Inc.,
Class A
1,600
107,312
Morgan Stanley
4,026
662,559
Raymond James Financial,
Inc.
611
88,467
Robinhood Markets, Inc.,
Class A (a)
2,672
185,169
 
2,420,672
IT Consulting & Other Services - 0.7%
Accenture PLC, Class A
2,051
406,693
Cognizant Technology
Solutions Corp., Class A
1,687
103,497
EPAM Systems, Inc. (a)
173
23,424
Gartner, Inc. (a)
265
41,960
International Business
Machines Corp.
3,097
750,682
 
1,326,256
Leisure Products - 0.0%*
Hasbro, Inc.
463
43,337
Life & Health Insurance - 0.3%
Aflac, Inc.
1,579
173,232
Globe Life, Inc.
267
37,158
MetLife, Inc.
1,926
136,207
Principal Financial Group, Inc.
692
62,356
Prudential Financial, Inc.
1,087
106,189
 
515,142
Life Sciences Tools & Services - 0.8%
Agilent Technologies, Inc.
965
109,991
Bio-Techne Corp.
612
31,983
Charles River Laboratories
International, Inc. (a)
157
27,082
Danaher Corp.
2,071
392,661
IQVIA Holdings, Inc. (a)
598
101,983
Mettler-Toledo International,
Inc. (a)
68
85,762
Revvity, Inc.
346
30,313
Thermo Fisher Scientific, Inc.
1,242
610,480
Waters Corp. (a)
316
94,105
West Pharmaceutical
Services, Inc.
245
61,407
 
1,545,767
Managed Healthcare - 0.6%
Centene Corp. (a)
1,612
52,777
Elevance Health, Inc.
750
219,562
Humana, Inc.
400
69,356
UnitedHealth Group, Inc.
3,008
813,935
 
1,155,630
Metal, Glass & Plastic Containers - 0.0%*
Ball Corp.
926
54,736
Movies & Entertainment - 1.2%
Live Nation Entertainment,
Inc. (a)
539
82,203
Netflix, Inc. (a)
14,040
1,349,946
TKO Group Holdings, Inc.
236
47,589
Walt Disney Co.
5,910
569,606
Warner Bros Discovery,
Inc. (a)
8,494
233,245
 
2,282,589
 
Number
of Shares
Fair
Value
Multi-Family Residential REITs - 0.2%
AvalonBay Communities, Inc.
520
$84,942
Camden Property Trust
400
39,064
Equity Residential
1,034
61,161
Essex Property Trust, Inc.
181
43,802
Mid-America Apartment
Communities, Inc.
434
53,000
UDR, Inc.
1,109
37,462
 
319,431
Multi-Sector Holdings - 1.6%
Berkshire Hathaway, Inc.,
Class B (a)
6,111
2,928,391
Multi-Utilities - 0.7%
Ameren Corp.
866
95,191
CenterPoint Energy, Inc.
2,340
100,994
CMS Energy Corp.
1,058
82,080
Consolidated Edison, Inc.
1,239
140,230
Dominion Energy, Inc.
2,880
178,042
DTE Energy Co.
702
102,646
NiSource, Inc.
1,685
78,622
Public Service Enterprise
Group, Inc.
1,753
141,905
Sempra
2,178
211,636
WEC Energy Group, Inc.
1,127
130,473
 
1,261,819
Office REITs - 0.0%*
BXP, Inc.
561
29,116
Oil & Gas Equipment & Services - 0.3%
Baker Hughes Co.
3,371
205,800
Halliburton Co.
2,587
100,867
SLB Ltd.
5,159
265,121
 
571,788
Oil & Gas Exploration & Production - 0.8%
APA Corp.
1,268
53,814
ConocoPhillips
4,117
543,444
Coterra Energy, Inc.
2,458
86,374
Devon Energy Corp.
2,238
112,616
Diamondback Energy, Inc.
594
117,488
EOG Resources, Inc.
1,863
269,334
EQT Corp.
2,200
140,008
Expand Energy Corp.
808
88,702
Texas Pacific Land Corp.
179
84,946
 
1,496,726
Oil & Gas Refining & Marketing - 0.4%
Marathon Petroleum Corp.
982
239,785
Phillips 66 Co.
1,359
247,583
Valero Energy Corp.
1,017
251,280
 
738,648
Oil & Gas Storage & Transportation - 0.5%
Kinder Morgan, Inc.
6,627
222,203
ONEOK, Inc.
2,117
191,356
Targa Resources Corp.
684
171,499
Williams Cos., Inc.
4,153
302,256
 
887,314
Other Specialized REITs - 0.1%
Iron Mountain, Inc.
1,042
106,430
VICI Properties, Inc.
3,022
82,561
 
188,991
See Notes to Schedule of Investments.
 
8
State Street S&P 500 Index V.I.S. Fund
State Street S&P 500 Index V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Other Specialty Retail - 0.1%
Tractor Supply Co.
1,861
$84,303
Ulta Beauty, Inc. (a)
152
79,452
 
163,755
Packaged Foods & Meats - 0.4%
Campbell's Co.
576
12,828
Conagra Brands, Inc.
1,641
25,796
General Mills, Inc.
1,879
69,936
Hershey Co.
463
96,253
Hormel Foods Corp.
1,097
24,847
J.M. Smucker Co.
359
34,622
Kraft Heinz Co.
2,849
64,074
McCormick & Co., Inc.
886
44,690
Mondelez International, Inc.,
Class A
4,014
231,367
Tyson Foods, Inc., Class A
973
62,340
 
666,753
Paper & Plastic Packaging Products & Materials - 0.2%
Amcor PLC
1,627
64,673
Avery Dennison Corp.
257
44,379
International Paper Co.
1,814
64,760
Packaging Corp. of America
303
64,302
Smurfit Westrock PLC
1,828
72,846
 
310,960
Passenger Airlines - 0.2%
Delta Air Lines, Inc. (c)
2,252
149,713
Southwest Airlines Co.
1,796
67,476
United Airlines Holdings,
Inc. (a)
1,073
98,791
 
315,980
Passenger Ground Transportation - 0.3%
Uber Technologies, Inc. (a)
6,930
498,475
Personal Care Products - 0.1%
Estee Lauder Cos., Inc.,
Class A
805
57,775
Kenvue, Inc.
6,552
112,956
 
170,731
Pharmaceuticals - 3.5%
Bristol-Myers Squibb Co.
6,817
413,451
Eli Lilly & Co.
2,650
2,437,390
Johnson & Johnson
8,079
1,974,831
Merck & Co., Inc.
8,349
1,004,301
Pfizer, Inc.
19,245
540,400
Viatris, Inc.
3,796
51,284
Zoetis, Inc.
1,409
166,558
 
6,588,215
Property & Casualty Insurance - 1.0%
Allstate Corp.
880
182,459
American International Group,
Inc.
1,841
138,535
Arch Capital Group Ltd. (a)
1,191
114,324
Assurant, Inc.
152
33,107
Chubb Ltd.
1,219
397,309
Cincinnati Financial Corp.
523
82,294
Erie Indemnity Co., Class A
100
25,131
Hartford Insurance Group, Inc.
931
125,899
Loews Corp.
555
59,241
Progressive Corp.
1,903
377,251
Travelers Cos., Inc.
732
213,510
 
Number
of Shares
Fair
Value
W.R. Berkley Corp.
1,066
$70,654
 
1,819,714
Publishing - 0.0%*
News Corp., Class A
1,377
34,329
Rail Transportation - 0.5%
CSX Corp.
6,206
254,756
Norfolk Southern Corp.
761
218,407
Union Pacific Corp.
1,985
481,601
 
954,764
Real Estate Services - 0.1%
CBRE Group, Inc., Class A (a)
969
131,261
CoStar Group, Inc. (a)
1,486
59,945
 
191,206
Regional Banks - 0.3%
Citizens Financial Group, Inc.
1,558
93,433
Huntington Bancshares, Inc.
6,928
108,423
M&T Bank Corp.
518
107,081
Regions Financial Corp.
3,207
83,767
Truist Financial Corp.
4,212
193,626
 
586,330
Reinsurance - 0.0%*
Everest Group Ltd.
152
49,681
Research & Consulting Services - 0.1%
Equifax, Inc.
393
70,767
Jacobs Solutions, Inc.
329
41,875
Leidos Holdings, Inc.
459
71,384
Verisk Analytics, Inc.
473
89,752
 
273,778
Restaurants - 0.9%
Chipotle Mexican Grill, Inc. (a)
4,345
139,084
Darden Restaurants, Inc.
392
76,848
Domino's Pizza, Inc.
113
40,543
DoorDash, Inc., Class A (a)
1,274
191,291
McDonald's Corp.
2,365
735,018
Starbucks Corp.
3,760
336,858
Yum! Brands, Inc.
926
143,975
 
1,663,617
Retail REITs - 0.3%
Federal Realty Investment
Trust
317
33,669
Kimco Realty Corp.
2,566
57,658
Realty Income Corp.
3,165
193,635
Regency Centers Corp.
620
46,909
Simon Property Group, Inc.
1,085
202,385
 
534,256
Self Storage REITs - 0.1%
Extra Space Storage, Inc.
712
93,365
Public Storage
542
146,817
 
240,182
Semiconductor Materials & Equipment - 1.4%
Applied Materials, Inc.
2,638
901,642
KLA Corp.
437
643,443
Lam Research Corp.
4,133
883,057
Qnity Electronics, Inc.
728
83,997
Teradyne, Inc.
536
158,902
 
2,671,041
See Notes to Schedule of Investments.
 
State Street S&P 500 Index V.I.S. Fund
9
State Street S&P 500 Index V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Semiconductors - 12.9%
Advanced Micro Devices,
Inc. (a)
5,433
$1,105,235
Analog Devices, Inc.
1,578
502,025
Broadcom, Inc.
15,801
4,890,567
First Solar, Inc. (a)
356
70,225
Intel Corp. (a)
15,585
687,766
Microchip Technology, Inc.
1,833
118,430
Micron Technology, Inc.
3,751
1,267,238
Monolithic Power Systems,
Inc.
157
171,656
NVIDIA Corp.
81,102
14,144,189
NXP Semiconductors NV
851
167,528
ON Semiconductor Corp. (a)
1,446
89,536
QUALCOMM, Inc.
3,531
454,722
Skyworks Solutions, Inc.
500
26,775
Texas Instruments, Inc.
3,036
589,409
 
24,285,301
Single-Family Residential REITs - 0.0%*
Invitation Homes, Inc.
1,630
40,506
Soft Drinks & Non-alcoholic Beverages - 1.1%
Coca-Cola Co.
12,981
987,205
Keurig Dr. Pepper, Inc.
4,736
124,699
Monster Beverage Corp. (a)
2,380
172,455
PepsiCo, Inc.
4,568
709,364
 
1,993,723
Specialty Chemicals - 0.4%
Albemarle Corp.
382
68,580
DuPont de Nemours, Inc.
1,457
66,731
Ecolab, Inc.
794
211,220
International Flavors &
Fragrances, Inc.
863
62,611
PPG Industries, Inc.
738
78,877
Sherwin-Williams Co.
784
251,311
 
739,330
Steel - 0.1%
Nucor Corp.
729
123,274
Steel Dynamics, Inc.
483
86,940
 
210,214
Systems Software - 6.0%
Crowdstrike Holdings, Inc.,
Class A (a)
860
335,752
Fortinet, Inc. (a)
2,101
171,694
Gen Digital, Inc.
1,909
35,946
Microsoft Corp.
24,783
9,173,923
Oracle Corp.
5,642
829,995
Palo Alto Networks, Inc. (a)
2,721
436,231
ServiceNow, Inc. (a)
3,520
368,016
 
11,351,557
Technology Distributors - 0.0%*
CDW Corp.
378
45,746
Technology Hardware, Storage & Peripherals - 7.3%
ABIOMED, Inc. (a)
199
203
Apple, Inc.
48,999
12,435,456
Dell Technologies, Inc.,
Class C
990
162,489
Hewlett Packard Enterprise
Co.
4,667
111,121
HP, Inc.
3,129
60,108
NetApp, Inc.
638
65,325
 
Number
of Shares
Fair
Value
Sandisk Corp. (a)
477
$303,057
Seagate Technology Holdings
PLC
736
288,336
Super Micro Computer, Inc. (a)
1,700
38,709
Western Digital Corp.
1,153
311,875
 
13,776,679
Telecom Tower REITs - 0.2%
American Tower Corp.
1,582
273,021
Crown Castle, Inc.
1,468
119,363
SBA Communications Corp.
352
60,583
 
452,967
Timber REITs - 0.0%*
Weyerhaeuser Co.
2,054
50,179
Tobacco - 0.6%
Altria Group, Inc.
5,594
369,148
Philip Morris International, Inc.
5,197
859,272
 
1,228,420
Trading Companies & Distributors - 0.3%
Fastenal Co.
3,891
180,542
United Rentals, Inc.
192
139,884
WW Grainger, Inc.
143
155,986
 
476,412
Transaction & Payment Processing Services - 1.9%
Block, Inc. (a)
1,868
112,416
Corpay, Inc. (a)
247
71,875
Fidelity National Information
Services, Inc.
1,747
81,952
Fiserv, Inc. (a)
1,838
102,560
Global Payments, Inc.
829
55,792
Jack Henry & Associates, Inc.
249
39,352
Mastercard, Inc., Class A
2,713
1,355,578
PayPal Holdings, Inc.
3,092
139,851
Visa, Inc., Class A
5,609
1,695,264
 
3,654,640
Water Utilities - 0.0%*
American Water Works Co.,
Inc.
633
86,145
Wireless Telecommunication Services - 0.2%
T-Mobile U.S., Inc.
1,546
324,706
Total Common Stock
(Cost $38,152,596)
186,802,791
Short-Term Investment - 1.0%
State Street Institutional
U.S. Government Money
Market Fund - Class G
Shares 3.64% (d)(e)
(Cost $1,869,107)
1,869,107
1,869,107
Total Investments
(Cost $40,021,703)
188,671,898
Other Assets and Liabilities, net - 0.0%*
50,868
NET ASSETS - 100.0%
$188,722,766
See Notes to Schedule of Investments.
 
10
State Street S&P 500 Index V.I.S. Fund
State Street S&P 500 Index V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Other Information:
 
The Fund had the following long futures contracts open at March 31, 2026:
 
Description
Expiration
Date
Number of
Contracts
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
S&P 500 E-mini Index Futures
June 2026
7
$2,339,777
$2,299,763
$(40,014
)
The views expressed in this document reflect our judgment as of the publication date and are subject to change at any time without notice. The securities cited may not be representative of the Fund’s future investments and should not be construed as a recommendation to purchase or sell a particular security. See the Fund’s summary prospectus and statutory prospectus for complete descriptions of investment objectives, policies, risks and permissible investments. 
(a)
Non-income producing security.
(b)
State Street Corporation is the parent company of
SSGA Funds Management, Inc., the Fund's investment
adviser and administrator, and State Street Bank &
Trust Co., the Fund’s sub-administrator, custodian and
accounting agent.
(c)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for futures
contracts.
(d)
Sponsored by SSGA Funds Management, Inc., the
Fund’s investment adviser and administrator, and an
affiliate of State Street Bank & Trust Co., the Fund’s
sub-administrator, custodian and accounting agent.
(e)
Coupon amount represents effective yield.
†
Percentages are based on net assets as of March 31,
2026.
*
Less than 0.05%.
 
Abbreviations:
REIT - Real Estate Investment Trust
The following table presents the Fund’s investments measured at fair value on a recurring basis at March 31, 2026: 
Investments
Level 1
Level 2
Level 3
Total
Investments in Securities
Common Stock
$186,802,588
$203
$—
$186,802,791
Short-Term Investment
1,869,107
—
—
1,869,107
Total Investments in Securities
$188,671,695
$203
$—
$188,671,898
Other Financial Instruments
Long Futures Contracts - Unrealized Depreciation
(40,014
)
—
—
(40,014
)
Total Other Financial Instruments
$(40,014
)
$—
$—
$(40,014
)
 
Affiliate Table
 
 
Number
of Shares
Held at
12/31/25
Value at
12/31/25
Cost of
Purchases
Proceeds
from
Shares
Sold
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Number of
Shares
Held at
3/31/26
Value at
3/31/26
Dividend
Income
State Street Corp.
1,023
$131,977
$—
$23,359
$15,499
$(17,680
)
841
$106,437
$859
State Street Institutional
U.S. Government Money Market
Fund - Class G Shares
1,950,092
1,950,092
7,030,576
7,111,561
—
—
1,869,107
1,869,107
17,005
TOTAL
 
$2,082,069
$7,030,576
$7,134,920
$15,499
$(17,680
)
$1,975,544
$17,864
See Notes to Schedule of Investments.
 
State Street S&P 500 Index V.I.S. Fund
11
State Street Premier Growth Equity V.I.S. Fund
Schedule of Investments 
March 31, 2026 (Unaudited)
 
 
Number
of Shares
Fair
Value
Common Stock - 91.3% †
Application Software - 2.4%
Salesforce, Inc.
1,606
$299,792
Synopsys, Inc. (a)
1,045
414,322
 
714,114
Automobile Manufacturers - 0.9%
Tesla, Inc. (a)
667
247,957
Broadline Retail - 6.1%
Amazon.com, Inc. (a)
8,618
1,794,871
Construction Materials - 0.9%
Martin Marietta Materials, Inc.
449
264,317
Data Center REITs - 1.3%
Equinix, Inc. (b)
385
377,392
Electrical Components & Equipment - 2.4%
Eaton Corp. PLC
1,159
414,539
Emerson Electric Co. (b)
2,131
279,204
 
693,743
Electronic Components - 1.3%
Amphenol Corp., Class A
2,954
373,238
Financial Exchanges & Data - 1.9%
S&P Global, Inc.
1,316
559,747
Healthcare Equipment - 2.1%
Dexcom, Inc. (a)
5,281
331,647
Intuitive Surgical, Inc. (a)
639
294,572
 
626,219
Home Improvement Retail - 1.8%
Home Depot, Inc.
1,586
521,620
Industrial Machinery & Supplies & Components - 1.1%
Parker-Hannifin Corp.
356
318,705
Interactive Media & Services - 12.5%
Alphabet, Inc., Class A
3,610
1,038,091
Alphabet, Inc., Class C
4,202
1,205,386
Meta Platforms, Inc., Class A
2,529
1,446,917
 
3,690,394
Internet Services & Infrastructure - 1.0%
MongoDB, Inc. (a)
1,223
299,354
Life Sciences Tools & Services - 1.0%
Repligen Corp. (a)
2,524
297,378
Passenger Ground Transportation - 1.4%
Uber Technologies, Inc. (a)
5,820
418,633
Pharmaceuticals - 4.7%
AstraZeneca PLC ADR
1,677
330,738
Eli Lilly & Co.
1,132
1,041,180
 
1,371,918
Semiconductor Materials & Equipment - 2.1%
Applied Materials, Inc.
1,811
618,982
Semiconductors - 21.7%
Advanced Micro Devices,
Inc. (a)
3,034
617,207
Broadcom, Inc.
4,502
1,393,414
 
Number
of Shares
Fair
Value
NVIDIA Corp.
25,116
$4,380,230
 
6,390,851
Soft Drinks & Non-alcoholic Beverages - 1.1%
Monster Beverage Corp. (a)
4,627
335,272
Systems Software - 13.1%
Crowdstrike Holdings, Inc.,
Class A (a)
753
293,979
Microsoft Corp.
8,238
3,049,461
ServiceNow, Inc. (a)
4,926
515,013
 
3,858,453
Technology Hardware, Storage & Peripherals - 5.0%
Apple, Inc.
5,838
1,481,626
Trading Companies & Distributors - 1.0%
United Rentals, Inc.
411
299,438
Transaction & Payment Processing Services - 4.5%
Mastercard, Inc., Class A
892
445,697
Visa, Inc., Class A
2,887
872,567
 
1,318,264
Total Common Stock
(Cost $12,249,583)
26,872,486
Exchange Traded & Mutual Funds - 5.6%
State Street Technology Select
Sector SPDR ETF
6,194
823,183
Vanguard Information
Technology ETF
1,180
823,309
Total Exchange Traded &
Mutual Funds
(Cost $1,459,892)
1,646,492
Total Investments in
Securities
(Cost $13,709,475)
28,518,978
Short-Term Investment - 2.9%
State Street Institutional
U.S. Government Money
Market Fund - Class G
Shares 3.64% (c)(d)
(Cost $863,332)
863,332
863,332
Total Investments
(Cost $14,572,807)
29,382,310
Other Assets and Liabilities, net - 0.2%
45,454
NET ASSETS - 100.0%
$29,427,764
See Notes to Schedule of Investments.
 
12
State Street Premier Growth Equity V.I.S. Fund
State Street Premier Growth Equity V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Other Information:
 
The Fund had the following long futures contracts open at March 31, 2026:
 
Description
Expiration
Date
Number of
Contracts
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
Micro E-mini NASDAQ-100 Futures
June 2026
16
$796,983
$765,280
$(31,703
)
The views expressed in this document reflect our judgment as of the publication date and are subject to change at any time without notice. The securities cited may not be representative of the Fund’s future investments and should not be construed as a recommendation to purchase or sell a particular security. See the Fund’s summary prospectus and statutory prospectus for complete descriptions of investment objectives, policies, risks and permissible investments. 
(a)
Non-income producing security.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for futures
contracts.
(c)
Sponsored by SSGA Funds Management, Inc., the
Fund’s investment adviser and administrator, and an
affiliate of State Street Bank & Trust Co., the Fund’s
sub-administrator, custodian and accounting agent.
(d)
Coupon amount represents effective yield.
†
Percentages are based on net assets as of March 31,
2026.
 
Abbreviations:
ADR - American Depositary Receipt
REIT - Real Estate Investment Trust
The following table presents the Fund’s investments measured at fair value on a recurring basis at March 31, 2026: 
Investments
Level 1
Level 2
Level 3
Total
Investments in Securities
Common Stock
$26,872,486
$—
$—
$26,872,486
Exchange Traded & Mutual Funds
1,646,492
—
—
1,646,492
Short-Term Investment
863,332
—
—
863,332
Total Investments in Securities
$29,382,310
$—
$—
$29,382,310
Other Financial Instruments
Long Futures Contracts - Unrealized Depreciation
(31,703
)
—
—
(31,703
)
Total Other Financial Instruments
$(31,703
)
$—
$—
$(31,703
)
 
Affiliate Table
 
 
Number
of Shares
Held at
12/31/25
Value at
12/31/25
Cost of
Purchases
Proceeds
from
Shares
Sold
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Number of
Shares
Held at
3/31/26
Value at
3/31/26
Dividend
Income
State Street Institutional
U.S. Government Money Market Fund -
Class G Shares
546,977
$546,977
$2,309,308
$1,992,953
$—
$—
863,332
$863,332
$6,206
State Street Technology Select Sector
SPDR ETF
6,810
980,436
18,654
107,880
30,339
(98,366
)
6,194
823,183
1,038
TOTAL
 
$1,527,413
$2,327,962
$2,100,833
$30,339
$(98,366
)
$1,686,515
$7,244
See Notes to Schedule of Investments.
 
State Street Premier Growth Equity V.I.S. Fund
13
State Street Small-Cap Equity V.I.S. Fund
Schedule of Investments 
March 31, 2026 (Unaudited)
 
 
Number
of Shares
Fair
Value
Common Stock - 94.0% †
Aerospace & Defense - 2.0%
AAR Corp. (a)
309
$33,823
AeroVironment, Inc. (a)
265
48,508
Astronics Corp. (a)
209
13,947
FTAI Aviation Ltd.
333
81,585
Karman Holdings, Inc. (a)
350
28,017
Kratos Defense & Security
Solutions, Inc. (a)
819
57,748
Mercury Systems, Inc. (a)
421
30,695
Woodward, Inc.
387
138,515
 
432,838
Agricultural & Farm Machinery - 0.9%
AGCO Corp.
1,371
158,858
Alamo Group, Inc.
234
38,603
 
197,461
Agricultural Products & Services - 1.2%
Darling Ingredients, Inc. (a)(b)
4,112
254,327
Apparel Retail - 1.7%
Abercrombie & Fitch Co.,
Class A (a)
201
18,365
Boot Barn Holdings, Inc. (a)
1,463
214,125
Buckle, Inc.
1,655
83,346
Revolve Group, Inc. (a)
1,979
44,745
 
360,581
Apparel, Accessories & Luxury Goods - 0.1%
Kontoor Brands, Inc.
436
30,646
Application Software - 3.7%
ACI Worldwide, Inc. (a)
2,679
109,866
Alkami Technology, Inc. (a)
4,060
63,620
Blackbaud, Inc. (a)
2,169
83,745
BlackLine, Inc. (a)
1,661
61,457
Braze, Inc., Class A (a)
4,697
110,896
CCC Intelligent Solutions
Holdings, Inc. (a)
13,821
82,926
Descartes Systems Group,
Inc. (a)
139
9,947
Dynatrace, Inc. (a)
777
28,733
Guidewire Software, Inc. (a)
179
26,771
nCino, Inc. (a)
1,659
24,852
Nutanix, Inc., Class A (a)
2,550
96,926
Procore Technologies, Inc. (a)
349
19,893
Riot Platforms, Inc. (a)
600
7,416
Vertex, Inc., Class A (a)
4,257
50,616
 
777,664
Asset Management & Custody Banks - 0.5%
Hamilton Lane, Inc., Class A
816
81,111
StepStone Group, Inc.,
Class A
428
20,424
 
101,535
Automobile Manufacturers - 0.3%
Thor Industries, Inc.
695
55,524
Automotive Parts & Equipment - 1.3%
Dana, Inc.
1,046
35,198
Dorman Products, Inc. (a)
1,914
199,745
Patrick Industries, Inc.
338
37,542
 
272,485
 
Number
of Shares
Fair
Value
Automotive Retail - 1.6%
Group 1 Automotive, Inc.
113
$37,361
Murphy USA, Inc.
450
222,287
Valvoline, Inc. (a)
2,305
77,632
 
337,280
Biotechnology - 2.6%
Abivax SA ADR (a)(b)
227
25,276
ADMA Biologics, Inc. (a)
735
6,622
Agios Pharmaceuticals,
Inc. (a)
394
13,329
Ascendis Pharma AS
ADR (a)(b)
368
84,173
Caris Life Sciences, Inc. (a)
2,845
50,869
Catalyst Pharmaceuticals,
Inc. (a)
1,673
41,423
Emergent BioSolutions,
Inc. (a)
5,157
42,803
Halozyme Therapeutics,
Inc. (a)
553
35,740
Heron Therapeutics, Inc. (a)
26,109
20,890
Legend Biotech Corp.
ADR (a)(b)
809
14,635
Madrigal Pharmaceuticals,
Inc. (a)
34
17,798
Newamsterdam Pharma Co.
NV (a)
371
11,876
Oruka Therapeutics, Inc. (a)
113
5,543
Revolution Medicines, Inc. (a)
209
20,325
Rhythm Pharmaceuticals,
Inc. (a)
344
29,918
Vaxcyte, Inc. (a)
650
37,771
Veracyte, Inc. (a)
650
20,936
Vericel Corp. (a)
2,010
64,662
Xenon Pharmaceuticals,
Inc. (a)
271
15,759
 
560,348
Brewers - 0.5%
Boston Beer Co., Inc.,
Class A (a)
437
100,685
Broadline Retail - 0.0%*
Pattern Group, Inc.,
Class A (a)
427
5,308
Building Products - 4.7%
AAON, Inc.
1,040
86,060
Armstrong World Industries,
Inc.
931
153,429
AZZ, Inc.
429
53,681
CSW Industrials, Inc.
1,060
276,215
Gibraltar Industries, Inc. (a)
1,847
73,640
Modine Manufacturing Co. (a)
924
200,240
Simpson Manufacturing Co.,
Inc.
747
128,200
UFP Industries, Inc.
206
18,976
 
990,441
Cargo Ground Transportation - 0.5%
RXO, Inc. (a)
994
14,532
Saia, Inc. (a)
236
82,902
 
97,434
Coal & Consumable Fuels - 0.0%*
Uranium Energy Corp. (a)
571
7,709
See Notes to Schedule of Investments.
 
14
State Street Small-Cap Equity V.I.S. Fund
State Street Small-Cap Equity V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Commercial & Residential Mortgage Finance - 0.2%
PennyMac Financial Services,
Inc.
397
$34,698
Commercial Printing - 0.1%
Brady Corp., Class A
320
25,997
Commodity Chemicals - 0.1%
Hawkins, Inc.
157
24,115
Communications Equipment - 1.0%
Calix, Inc. (a)
556
27,239
Extreme Networks, Inc. (a)
12,652
190,792
 
218,031
Construction & Engineering - 1.4%
API Group Corp. (a)
657
26,622
Comfort Systems USA, Inc.
52
71,707
IES Holdings, Inc. (a)
63
30,018
Legence Corp., Class A (a)
669
37,772
MYR Group, Inc. (a)
194
54,770
Primoris Services Corp.
262
37,476
Valmont Industries, Inc.
112
44,752
 
303,117
Construction Machinery & Heavy Transportation
Equipment - 0.4%
Astec Industries, Inc.
638
34,350
Manitowoc Co., Inc. (a)
1,524
17,755
Oshkosh Corp.
153
22,523
Terex Corp.
223
13,179
 
87,807
Construction Materials - 0.1%
Eagle Materials, Inc.
108
20,461
Consumer Finance - 0.5%
FirstCash Holdings, Inc.
149
28,012
LendingClub Corp. (a)
764
10,941
PROG Holdings, Inc.
2,283
65,499
 
104,452
Data Processing & Outsourced Services - 0.3%
Verra Mobility Corp. (a)
4,790
68,449
Distributors - 0.4%
LKQ Corp.
2,607
76,568
Diversified Financial Services - 0.1%
Jackson Financial, Inc.,
Class A
261
27,593
Diversified Metals & Mining - 0.1%
Materion Corp.
128
18,515
Diversified REITs - 0.1%
Essential Properties Realty
Trust, Inc.
548
16,637
Diversified Support Services - 1.0%
Healthcare Services Group,
Inc. (a)
5,684
105,438
RB Global, Inc.
875
83,869
Vestis Corp. (a)
2,808
22,071
 
211,378
 
Number
of Shares
Fair
Value
Education Services - 0.5%
Bright Horizons Family
Solutions, Inc. (a)
956
$78,516
Stride, Inc. (a)
411
36,238
 
114,754
Electric Utilities - 1.1%
IDACORP, Inc.
1,658
237,044
Electrical Components & Equipment - 0.6%
Acuity, Inc.
50
14,011
EnerSys
214
37,176
Nextpower, Inc., Class A (a)
408
49,184
Regal Rexnord Corp.
96
17,977
 
118,348
Electronic Components - 1.8%
Belden, Inc.
1,600
183,728
Littelfuse, Inc.
561
190,375
 
374,103
Electronic Equipment & Instruments - 2.6%
Advanced Energy Industries,
Inc.
335
108,108
Crane NXT Co.
4,243
172,223
Novanta, Inc. (a)
920
108,661
Ralliant Corp.
1,445
60,098
Vontier Corp.
2,975
105,523
 
554,613
Electronic Manufacturing Services - 0.7%
Fabrinet (a)
73
38,071
Plexus Corp. (a)
567
114,840
 
152,911
Environmental & Facilities Services - 0.2%
BrightView Holdings, Inc. (a)
2,254
26,575
Casella Waste Systems, Inc.,
Class A (a)
286
22,691
 
49,266
Financial Exchanges & Data - 0.4%
MarketAxess Holdings, Inc.
490
80,840
Food Distributors - 0.5%
Chefs' Warehouse, Inc. (a)
234
13,911
Performance Food Group
Co. (a)
1,001
85,746
 
99,657
Food Retail - 0.3%
Sprouts Farmers Market,
Inc. (a)
750
57,847
Footwear - 0.1%
Birkenstock Holding PLC (a)
714
25,583
Forest Products - 0.9%
Louisiana-Pacific Corp.
2,705
196,789
Gas Utilities - 0.1%
UGI Corp.
808
29,427
Gold - 0.0%*
Coeur Mining, Inc. (a)
475
8,916
See Notes to Schedule of Investments.
 
State Street Small-Cap Equity V.I.S. Fund
15
State Street Small-Cap Equity V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Health Care REITs - 0.3%
Community Healthcare Trust,
Inc.
3,344
$53,136
Healthcare Distributors - 0.6%
AdaptHealth Corp. (a)
10,904
129,758
Healthcare Equipment - 3.5%
AtriCure, Inc. (a)
2,295
65,476
Envista Holdings Corp. (a)
3,782
95,949
Glaukos Corp. (a)
855
92,049
Globus Medical, Inc.,
Class A (a)
810
69,790
Inspire Medical Systems,
Inc. (a)
385
19,858
Integer Holdings Corp. (a)
869
76,472
LeMaitre Vascular, Inc.
267
29,148
LivaNova PLC (a)
221
14,047
Masimo Corp. (a)
456
81,109
Penumbra, Inc. (a)
315
103,437
PROCEPT BioRobotics
Corp. (a)
2,700
67,527
SI-BONE, Inc. (a)
2,120
26,776
 
741,638
Healthcare Facilities - 1.1%
Acadia Healthcare Co., Inc. (a)
2,315
54,148
U.S. Physical Therapy, Inc.
2,340
175,406
 
229,554
Healthcare Services - 1.1%
Addus HomeCare Corp. (a)
248
23,225
Castle Biosciences, Inc. (a)
2,270
55,729
GeneDx Holdings Corp. (a)
240
15,413
Guardant Health, Inc. (a)
271
25,032
Hinge Health, Inc., Class A (a)
982
37,866
Option Care Health, Inc. (a)
433
11,656
RadNet, Inc. (a)
1,281
71,595
 
240,516
Healthcare Supplies - 0.3%
ICU Medical, Inc. (a)
159
20,535
Merit Medical Systems, Inc. (a)
685
47,217
 
67,752
Healthcare Technology - 0.2%
HeartFlow, Inc. (a)
1,240
30,169
Simulations Plus, Inc. (a)
619
7,317
 
37,486
Heavy Electrical Equipment - 0.4%
Bloom Energy Corp.,
Class A (a)
678
91,862
Home Building - 0.6%
Cavco Industries, Inc. (a)
37
17,919
Green Brick Partners, Inc. (a)
389
25,071
Installed Building Products,
Inc.
82
21,742
Taylor Morrison Home
Corp. (a)
872
50,785
TopBuild Corp. (a)
53
18,619
 
134,136
Home Improvement Retail - 0.3%
Floor & Decor Holdings, Inc.,
Class A (a)
1,305
66,294
 
Number
of Shares
Fair
Value
Hotel & Resort REITs - 0.3%
RLJ Lodging Trust
9,595
$71,195
Hotels, Resorts & Cruise Lines - 0.3%
Wyndham Hotels & Resorts,
Inc.
885
71,889
Human Resource & Employment Services - 0.4%
First Advantage Corp. (a)
6,540
76,910
Industrial Machinery & Supplies & Components - 5.8%
Enerpac Tool Group Corp.
6,984
254,706
Enpro, Inc.
130
32,584
Esab Corp.
1,015
98,110
Gates Industrial Corp. PLC (a)
1,232
27,856
Gorman-Rupp Co.
227
14,104
Helios Technologies, Inc.
436
28,214
ITT, Inc.
191
36,391
JBT Marel Corp.
350
44,754
Kadant, Inc.
617
180,380
Mueller Industries, Inc.
1,865
206,642
RBC Bearings, Inc. (a)
80
43,450
SPX Technologies, Inc. (a)
594
118,764
Standex International Corp.
400
101,944
Watts Water Technologies,
Inc., Class A
130
37,738
 
1,225,637
Industrial REITs - 0.9%
Americold Realty Trust, Inc.
1,302
14,921
EastGroup Properties, Inc.
671
124,195
First Industrial Realty Trust,
Inc.
586
33,900
Lineage, Inc.
364
11,925
 
184,941
Insurance Brokers - 0.4%
Baldwin Insurance Group,
Inc. (a)
3,825
83,920
Internet Services & Infrastructure - 0.0%*
Applied Digital Corp. (a)
195
4,629
Investment Banking & Brokerage - 1.7%
Houlihan Lokey, Inc.
195
28,006
Piper Sandler Cos.
324
24,802
PJT Partners, Inc., Class A
505
70,559
Raymond James Financial,
Inc.
989
143,197
StoneX Group, Inc. (a)
1,222
98,554
 
365,118
IT Consulting & Other Services - 0.1%
Unisys Corp. (a)
6,175
12,782
Leisure Facilities - 0.2%
Life Time Group Holdings,
Inc. (a)
1,150
30,981
Planet Fitness, Inc.,
Class A (a)
260
19,339
 
50,320
Leisure Products - 0.4%
Acushnet Holdings Corp.
384
35,896
Polaris, Inc.
364
19,838
YETI Holdings, Inc. (a)
607
22,210
 
77,944
See Notes to Schedule of Investments.
 
16
State Street Small-Cap Equity V.I.S. Fund
State Street Small-Cap Equity V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Life Sciences Tools & Services - 2.2%
Adaptive Biotechnologies
Corp. (a)
918
$12,742
Azenta, Inc. (a)
2,597
54,875
BioLife Solutions, Inc. (a)
2,915
55,618
Bruker Corp.
3,255
117,570
ICON PLC (a)
269
29,767
Mesa Laboratories, Inc.
271
23,962
Repligen Corp. (a)
1,368
161,178
 
455,712
Managed Healthcare - 0.1%
HealthEquity, Inc. (a)
259
21,645
Movies & Entertainment - 0.2%
IMAX Corp. (a)
856
32,537
Multi-Line Insurance - 0.2%
Horace Mann Educators Corp.
1,090
46,521
Multi-Utilities - 0.1%
Avista Corp.
575
23,081
Office REITs - 0.7%
COPT Defense Properties
496
15,178
Cousins Properties, Inc.
4,356
98,315
Easterly Government
Properties, Inc.
1,921
41,167
 
154,660
Office Services & Supplies - 1.4%
MSA Safety, Inc. (b)
1,772
290,519
Oil & Gas Equipment & Services - 1.0%
Atlas Energy Solutions, Inc.
1,561
20,480
Cactus, Inc., Class A
2,665
126,241
Oil States International,
Inc. (a)
554
6,449
Solaris Energy Infrastructure,
Inc.
590
33,341
TechnipFMC PLC
296
20,462
 
206,973
Oil & Gas Exploration & Production - 2.4%
Chord Energy Corp.
95
13,507
Matador Resources Co.
1,725
108,986
Northern Oil & Gas, Inc.
4,831
141,210
Permian Resources Corp.,
Class A
1,439
30,679
Range Resources Corp.
869
39,261
SM Energy Co.
5,425
169,152
 
502,795
Oil & Gas Refining & Marketing - 0.2%
HF Sinclair Corp.
750
46,792
Other Specialty Retail - 0.2%
Upbound Group, Inc.
905
16,335
Warby Parker, Inc., Class A (a)
1,159
24,420
 
40,755
Personal Care Products - 0.3%
elf Beauty, Inc. (a)
1,059
64,186
Pharmaceuticals - 0.5%
ANI Pharmaceuticals, Inc. (a)
390
29,991
Axsome Therapeutics, Inc. (a)
153
25,860
Corcept Therapeutics, Inc. (a)
580
23,380
 
Number
of Shares
Fair
Value
Ligand Pharmaceuticals,
Inc. (a)
81
$16,172
 
95,403
Property & Casualty Insurance - 2.0%
AMERISAFE, Inc.
1,726
57,528
Hamilton Insurance Group
Ltd., Class B
477
14,229
Palomar Holdings, Inc. (a)
1,015
121,292
RLI Corp.
2,338
133,360
Selective Insurance Group,
Inc.
338
25,482
Skyward Specialty Insurance
Group, Inc. (a)
1,805
78,842
 
430,733
Publishing - 0.5%
John Wiley & Sons, Inc.,
Class A
2,917
111,138
Real Estate Services - 0.2%
Cushman & Wakefield Ltd. (a)
3,828
46,931
Regional Banks - 10.0%
1st Source Corp.
598
41,388
Atlantic Union Bankshares
Corp.
658
23,517
Axos Financial, Inc. (a)
247
21,017
BancFirst Corp.
545
59,132
Bank OZK
948
43,504
BankUnited, Inc.
484
21,857
Central BanCo, Inc., Class A
3,175
76,041
Columbia Banking System,
Inc.
3,853
105,688
Commerce Bancshares, Inc.
1,380
67,896
ConnectOne Bancorp, Inc.
798
21,362
Cullen/Frost Bankers, Inc.
1,369
187,663
East West Bancorp, Inc.
217
23,167
Enterprise Financial Services
Corp.
411
22,239
Equity Bancshares, Inc.,
Class A
591
26,246
First Financial Bankshares,
Inc.
2,775
81,724
Five Star Bancorp
569
21,463
Fulton Financial Corp.
4,992
101,537
German American Bancorp,
Inc.
1,485
62,058
Heritage Commerce Corp.
1,885
23,525
Home BancShares, Inc.
1,207
32,504
Lakeland Financial Corp.
299
17,157
Live Oak Bancshares, Inc.
5,513
182,315
Metropolitan Bank Holding
Corp.
341
28,402
National Bank Holdings Corp.,
Class A
1,096
42,919
Nicolet Bankshares, Inc.
285
42,357
Old Second Bancorp, Inc.
1,290
26,006
Origin Bancorp, Inc.
911
37,770
Preferred Bank
420
38,090
Prosperity Bancshares, Inc.
1,854
124,552
QCR Holdings, Inc.
439
37,513
Renasant Corp.
3,208
115,905
Stock Yards Bancorp, Inc.
770
51,043
Texas Capital Bancshares,
Inc. (a)
375
35,580
Westamerica BanCorp
1,225
63,884
Wintrust Financial Corp.
451
62,662
See Notes to Schedule of Investments.
 
State Street Small-Cap Equity V.I.S. Fund
17
State Street Small-Cap Equity V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
WSFS Financial Corp.
2,174
$142,310
 
2,111,993
Research & Consulting Services - 0.1%
ICF International, Inc.
152
9,924
Planet Labs PBC (a)
361
10,090
 
20,014
Restaurants - 1.8%
Brinker International, Inc. (a)
375
53,539
Cava Group, Inc. (a)
890
72,001
Cheesecake Factory, Inc.
1,249
68,383
Dutch Bros, Inc., Class A (a)
421
21,328
First Watch Restaurant Group,
Inc. (a)
2,230
23,370
Shake Shack, Inc., Class A (a)
390
34,503
Texas Roadhouse, Inc.
388
64,074
Wingstop, Inc.
350
54,240
 
391,438
Retail REITs - 0.2%
Kite Realty Group Trust
1,115
27,373
Phillips Edison & Co., Inc.
656
24,548
 
51,921
Security & Alarm Services - 0.9%
Brink's Co.
1,778
184,254
Semiconductor Materials & Equipment - 1.1%
Axcelis Technologies, Inc. (a)
256
23,829
Ichor Holdings Ltd. (a)
927
43,208
MKS, Inc.
110
25,279
Onto Innovation, Inc. (a)
678
139,037
 
231,353
Semiconductors - 1.8%
Allegro MicroSystems, Inc. (a)
581
18,319
Credo Technology Group
Holding Ltd. (a)
591
55,477
Diodes, Inc. (a)
326
22,253
Lattice Semiconductor
Corp. (a)
206
19,109
Rambus, Inc. (a)
850
73,125
Semtech Corp. (a)
2,046
157,317
SiTime Corp. (a)
80
27,628
 
373,228
Silver - 0.1%
Hecla Mining Co.
641
11,942
Single-Family Residential REITs - 0.1%
UMH Properties, Inc.
703
10,144
Soft Drinks & Non-alcoholic Beverages - 1.0%
Celsius Holdings, Inc. (a)
2,594
92,035
Primo Brands Corp., Class A
5,439
102,416
Vita Coco Co., Inc. (a)
417
19,979
 
214,430
Specialized Consumer Services - 1.0%
Matthews International Corp.,
Class A
2,217
57,243
OneSpaWorld Holdings Ltd.
6,697
153,696
 
210,939
Specialty Chemicals - 3.4%
Avient Corp.
3,766
136,706
 
Number
of Shares
Fair
Value
HB Fuller Co.
564
$34,787
Ingevity Corp. (a)
3,157
224,873
Quaker Chemical Corp.
755
93,794
Sensient Technologies Corp.
610
52,728
Solstice Advanced Materials,
Inc.
550
41,888
Stepan Co.
2,665
133,197
 
717,973
Steel - 0.4%
Commercial Metals Co.
1,385
85,081
Systems Software - 1.1%
Commvault Systems, Inc. (a)
955
74,385
Gitlab, Inc., Class A (a)
2,555
55,290
Progress Software Corp. (a)
581
14,903
SentinelOne, Inc., Class A (a)
6,055
77,988
 
222,566
Technology Hardware, Storage & Peripherals - 0.6%
Corsair Gaming, Inc. (a)
6,003
33,316
Everpure, Inc., Class A (a)
1,420
83,837
IonQ, Inc. (a)
506
14,588
 
131,741
Timber REITs - 0.1%
Rayonier, Inc.
593
12,228
Trading Companies & Distributors - 1.3%
Applied Industrial
Technologies, Inc.
858
227,645
DNOW, Inc. (a)
1,193
14,209
Transcat, Inc. (a)
490
35,990
 
277,844
Transaction & Payment Processing Services - 0.6%
EVERTEC, Inc.
942
26,583
Flywire Corp. (a)
3,351
39,006
Shift4 Payments, Inc.,
Class A (a)
1,310
57,286
 
122,875
Water Utilities - 0.1%
American States Water Co.
355
26,845
Total Common Stock
(Cost $16,439,130)
19,916,789
Short-Term Investment - 5.9%
State Street Institutional
U.S. Government Money
Market Fund - Class G
Shares 3.64% (c)(d)
(Cost $1,259,282)
1,259,282
1,259,282
Total Investments
(Cost $17,698,412)
21,176,071
Other Assets and Liabilities, net - 0.1%
12,710
NET ASSETS - 100.0%
$21,188,781
See Notes to Schedule of Investments.
 
18
State Street Small-Cap Equity V.I.S. Fund
State Street Small-Cap Equity V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Other Information:
 
The Fund had the following long futures contracts open at March 31, 2026:
 
Description
Expiration
Date
Number of
Contracts
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini Russell 2000 Index Futures
June 2026
5
$629,987
$628,050
$(1,937
)
The views expressed in this document reflect our judgment as of the publication date and are subject to change at any time without notice. The securities cited may not be representative of the Fund’s future investments and should not be construed as a recommendation to purchase or sell a particular security. See the Fund’s summary prospectus and statutory prospectus for complete descriptions of investment objectives, policies, risks and permissible investments. 
(a)
Non-income producing security.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for futures
contracts.
(c)
Sponsored by SSGA Funds Management, Inc., the
Fund’s investment adviser and administrator, and an
affiliate of State Street Bank & Trust Co., the Fund’s
sub-administrator, custodian and accounting agent.
(d)
Coupon amount represents effective yield.
†
Percentages are based on net assets as of March 31,
2026.
*
Less than 0.05%.
 
Abbreviations:
ADR - American Depositary Receipt
REIT - Real Estate Investment Trust
The following table presents the Fund’s investments measured at fair value on a recurring basis at March 31, 2026: 
Investments
Level 1
Level 2
Level 3
Total
Investments in Securities
Common Stock
$19,916,789
$—
$—
$19,916,789
Short-Term Investment
1,259,282
—
—
1,259,282
Total Investments in Securities
$21,176,071
$—
$—
$21,176,071
Other Financial Instruments
Long Futures Contracts - Unrealized Depreciation
(1,937
)
—
—
(1,937
)
Total Other Financial Instruments
$(1,937
)
$—
$—
$(1,937
)
 
Affiliate Table
 
 
Number
of Shares
Held at
12/31/25
Value at
12/31/25
Cost of
Purchases
Proceeds
from
Shares
Sold
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Number of
Shares
Held at
3/31/26
Value at
3/31/26
Dividend
Income
State Street Institutional
U.S. Government Money Market
Fund - Class G Shares
1,339,339
$1,339,339
$2,194,759
$2,274,816
$—
$—
1,259,282
$1,259,282
$12,054
See Notes to Schedule of Investments.
 
State Street Small-Cap Equity V.I.S. Fund
19
State Street Income V.I.S. Fund
Schedule of Investments 
March 31, 2026 (Unaudited)
 
 
Principal
Amount
Fair
Value
Bonds and Notes - 97.5% †
U.S. Treasuries - 33.2%
U.S. Treasury Bonds
2.25%, 08/15/46 (a)
$67,000
$43,655
3.00%, 08/15/48 (a)
241,000
176,834
4.13%, 08/15/53 (a)
171,000
149,999
4.38%, 08/15/43 (a)
36,000
33,981
4.75%, 08/15/55 (a)
187,000
182,179
U.S. Treasury Inflation-Indexed
Notes
0.13%, 01/15/31 (a)
108,064
101,606
1.63%, 10/15/29 (a)
163,714
166,301
1.88%, 01/15/36 (a)
113,798
112,453
U.S. Treasury Notes
3.50%, 10/31/27 -
12/15/28 (a)
266,000
264,175
3.63%, 12/31/30 (a)
169,000
166,716
3.88%, 04/30/30 -
08/15/33 (a)
396,000
390,457
4.25%, 11/15/34 -
08/15/35 (a)
832,000
830,871
 
2,619,227
Agency Mortgage Backed - 25.8%
Federal Home Loan Mortgage
Corp.
3.00%, 04/01/43 -
10/01/49 (a)
236,584
213,905
4.50%, 06/01/33 -
02/01/35 (a)
595
598
5.00%, 07/01/35 (a)
9,982
10,161
5.50%, 01/01/38 (a)
8,201
8,496
6.00%, 04/01/29 -
11/01/37 (a)
27,081
28,149
6.50%, 02/01/29 (a)
6
7
6.93%, 06/01/26 (a)(b)
60,000
60,289
7.00%, 12/01/29 -
08/01/36 (a)
6,594
7,007
7.50%, 01/01/30 -
09/01/33 (a)
915
935
8.00%, 11/01/30 (a)
1,394
1,429
8.50%, 04/01/30 (a)
1,111
1,184
Federal National Mortgage
Association
2.50%, 03/01/51 (a)
195,090
164,166
3.00%, 03/01/50 (a)
42,688
38,049
3.50%, 08/01/45 -
01/01/48 (a)
79,642
74,372
4.00%, 01/01/41 -
01/01/50 (a)
117,987
113,576
4.50%, 07/01/33 -
12/01/48 (a)
47,498
46,947
5.00%, 03/01/34 -
08/01/35 (a)
9,515
9,674
5.50%, 12/01/32 -
01/01/39 (a)
38,964
40,164
6.00%, 02/01/33 -
07/01/35 (a)
40,011
41,528
6.50%, 01/01/29 -
08/01/34 (a)
5,274
5,539
7.00%, 10/01/32 -
12/01/33 (a)
1,451
1,542
7.50%, 12/01/26 -
03/01/33 (a)
2,479
2,540
8.00%, 09/01/30 -
10/01/31 (a)
260
261
Federal National Mortgage
Association 1 yr. USD
RFUCCT + 1.60%
6.60%, 04/01/37 (a)(c)
162
165
 
Principal
Amount
Fair
Value
Government National
Mortgage Association
3.00%, 12/20/42 -
05/20/45 (a)
$190,115
$173,946
3.50%, 08/20/48 (a)
33,598
31,471
4.00%, 01/20/41 -
04/20/43 (a)
32,753
31,634
4.50%, 08/15/33 -
03/20/41 (a)
22,907
22,832
6.00%, 04/15/27 -
04/15/34 (a)
25,216
26,033
6.50%, 08/15/32 -
08/15/34 (a)
9,687
10,021
7.00%, 01/15/28 -
10/15/36 (a)
3,967
4,027
Government National
Mortgage Association
REMICS 30 day USD SOFR
Average - 5.85%
2.18%, 05/20/64 (a)(c)(d)
108,237
3,937
Uniform Mortgage-Backed
Security, TBA
2.00%, 04/01/56 (e)
101,790
81,923
2.50%, 04/01/56 (e)
322,009
270,831
3.00%, 04/01/56 (e)
208,270
183,104
6.00%, 04/01/56 (e)
318,280
324,305
 
2,034,747
Agency Collateralized Mortgage Obligations - 1.3%
Federal Home Loan Mortgage
Corp. Multifamily Structured
Pass-Through Certificates
2.51%, 07/25/29 (a)
55,000
52,312
4.05%, 09/25/28 (a)(c)
31,000
30,932
Federal Home Loan Mortgage
Corp. REMICS
5.50%, 06/15/33 (a)(d)
3,778
449
7.50%, 07/15/27 (a)(d)
63
2
Federal Home Loan Mortgage
Corp. STRIPS
0.00%, 08/01/27 (a)(f)
11
11
Federal Home Loan Mortgage
Corp. Structured
Pass-Through Certificates
0.09%, 09/25/43 (a)(c)(d)
187,987
538
Federal National Mortgage
Association Interest STRIPS
0.00%, 12/25/34 (a)(f)
3,723
3,037
4.50%, 08/25/35 -
01/25/36 (a)(d)
4,002
472
5.00%, 03/25/38 -
05/25/38 (a)(d)
2,752
413
5.50%, 12/25/33 (a)(d)
1,177
167
6.00%, 01/25/35 (a)(d)
2,109
316
Federal National Mortgage
Association REMICS
1.13%, 12/25/42 (a)(c)(d)
9,062
223
5.00%, 09/25/40 (a)(d)
1,053
105
Federal National Mortgage
Association REMICS 30 day
USD SOFR Average -
5.89%
2.22%, 07/25/38 (a)(c)(d)
1,708
135
Federal National Mortgage
Association REMICS 30 day
USD SOFR Average -
6.44%
2.77%, 11/25/41 (a)(c)(d)
79,515
8,643
 
97,755
See Notes to Schedule of Investments.
 
20
State Street Income V.I.S. Fund
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
Corporate Notes - 23.2%
Abbott Laboratories
3.75%, 11/30/26 (a)
$2,000
$1,996
4.90%, 11/30/46 (a)
3,000
2,755
AbbVie, Inc.
3.20%, 11/21/29 (a)
3,000
2,888
4.40%, 11/06/42 (a)
2,000
1,755
4.63%, 10/01/42 (a)
2,000
1,796
4.88%, 11/14/48 (a)
3,000
2,689
5.05%, 03/15/34 (a)
2,000
2,030
5.40%, 03/15/54 (a)
3,000
2,864
5.50%, 03/15/64 (a)
3,000
2,859
Advanced Micro Devices, Inc.
4.39%, 06/01/52 (a)
3,000
2,482
AEP Texas, Inc.
3.45%, 05/15/51 (a)
3,000
1,986
5.70%, 05/15/34 (a)
4,000
4,128
AEP Transmission Co. LLC
5.40%, 03/15/53 (a)
3,000
2,835
Aircastle Ltd.
4.25%, 06/15/26 (a)
3,000
2,996
Alexandria Real Estate
Equities, Inc.
1.88%, 02/01/33 (a)
3,000
2,430
2.95%, 03/15/34 (a)
3,000
2,533
4.70%, 07/01/30 (a)
3,000
2,984
Allstate Corp.
4.20%, 12/15/46 (a)
2,000
1,585
Allstate Corp. (6.85% fixed
rate until 04/30/26; 3.20% +
3 mo. Term SOFR
thereafter)
6.85%, 08/15/53 (a)(c)
6,000
5,992
Alphabet, Inc.
4.10%, 11/15/30 (a)
5,000
4,964
4.50%, 05/15/35 (a)
3,000
2,950
Altria Group, Inc.
3.40%, 02/04/41 (a)
2,000
1,510
4.00%, 02/04/61 (a)
2,000
1,398
4.25%, 08/09/42 (a)
2,000
1,629
4.45%, 05/06/50 (a)
3,000
2,344
4.50%, 05/02/43 (a)
3,000
2,493
Amazon.com, Inc.
1.50%, 06/03/30
2,000
1,789
2.50%, 06/03/50
3,000
1,746
2.70%, 06/03/60
3,000
1,635
2.88%, 05/12/41
2,000
1,478
3.15%, 08/22/27
2,000
1,976
3.25%, 05/12/61
3,000
1,856
4.05%, 08/22/47
3,000
2,396
American Electric Power Co.,
Inc.
2.30%, 03/01/30 (a)
3,000
2,748
3.25%, 03/01/50 (a)
3,000
1,969
American Honda Finance
Corp.
5.85%, 10/04/30 (a)
8,000
8,304
American Tower Corp.
1.50%, 01/31/28 (a)
2,000
1,896
2.90%, 01/15/30 (a)
2,000
1,879
3.70%, 10/15/49 (a)
3,000
2,153
American Water Capital Corp.
2.95%, 09/01/27 (a)
5,000
4,910
5.45%, 03/01/54 (a)
5,000
4,743
Americold Realty Operating
Partnership LP
5.41%, 09/12/34 (a)
3,000
2,855
 
Principal
Amount
Fair
Value
Amgen, Inc.
2.45%, 02/21/30
$2,000
$1,859
3.00%, 01/15/52
2,000
1,287
3.15%, 02/21/40
3,000
2,331
5.60%, 03/02/43
3,000
2,961
5.65%, 03/02/53
3,000
2,904
5.75%, 03/02/63
3,000
2,883
Anheuser-Busch Cos.
LLC/Anheuser-Busch InBev
Worldwide, Inc.
4.70%, 02/01/36 (a)
7,000
6,816
4.90%, 02/01/46 (a)
6,000
5,410
Anheuser-Busch InBev
Worldwide, Inc.
5.55%, 01/23/49 (a)
2,000
1,939
Aon Corp./Aon Global
Holdings PLC
2.90%, 08/23/51 (a)
2,000
1,215
Apollo Debt Solutions BDC
6.90%, 04/13/29 (a)
3,000
3,070
Apollo Management
Holdings LP
2.65%, 06/05/30 (a)(g)
2,000
1,837
Apple, Inc.
2.65%, 02/08/51 (a)
2,000
1,211
2.80%, 02/08/61 (a)
2,000
1,140
3.45%, 02/09/45 (a)
2,000
1,523
4.85%, 05/10/53 (a)
2,000
1,839
Applied Materials, Inc.
4.35%, 04/01/47 (a)
2,000
1,692
Aptiv Swiss Holdings Ltd.
4.40%, 10/01/46 (a)
3,000
2,413
ArcelorMittal SA
6.00%, 06/17/34 (a)
3,000
3,159
6.80%, 11/29/32 (a)
2,000
2,208
Archer-Daniels-Midland Co.
2.50%, 08/11/26 (a)
2,000
1,989
ARES Capital Corp.
2.88%, 06/15/28 (a)
3,000
2,838
Arthur J Gallagher & Co.
3.50%, 05/20/51 (a)
3,000
2,045
Ascension Health
4.85%, 11/15/53 (a)
6,000
5,340
Astrazeneca Finance LLC
1.75%, 05/28/28 (a)
3,000
2,855
5.00%, 02/26/34 (a)
2,000
2,030
AstraZeneca PLC
3.00%, 05/28/51 (a)
3,000
1,983
4.00%, 01/17/29 (a)
3,000
2,990
4.38%, 08/17/48 (a)
2,000
1,702
AT&T, Inc.
2.75%, 06/01/31
5,000
4,570
4.35%, 03/01/29
2,000
2,001
4.50%, 05/15/35
3,000
2,843
4.55%, 03/09/49
2,000
1,607
4.75%, 05/15/46
2,000
1,692
5.40%, 02/15/34
2,000
2,045
Athene Holding Ltd.
4.13%, 01/12/28 (a)
2,000
1,976
6.15%, 04/03/30 (a)
3,000
3,103
Atmos Energy Corp.
6.20%, 11/15/53 (a)
3,000
3,178
AutoNation, Inc.
5.89%, 03/15/35 (a)
3,000
3,062
Bank of America Corp.
3.25%, 10/21/27 (a)
3,000
2,959
See Notes to Schedule of Investments.
 
State Street Income V.I.S. Fund
21
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
4.18%, 11/25/27 (a)
$2,000
$1,992
4.25%, 10/22/26 (a)
2,000
1,999
Bank of America Corp. (2.09%
fixed rate until 06/14/28;
1.06% + SOFR thereafter)
2.09%, 06/14/29 (a)(c)
3,000
2,853
Bank of America Corp. (3.71%
fixed rate until 04/24/27;
1.77% + 3 mo. Term SOFR
thereafter)
3.71%, 04/24/28 (a)(c)
2,000
1,985
Bank of America Corp. (5.29%
fixed rate until 04/25/33;
1.91% + SOFR thereafter)
5.29%, 04/25/34 (a)(c)
3,000
3,035
Bank of America Corp. (5.47%
fixed rate until 01/23/34;
1.65% + SOFR thereafter)
5.47%, 01/23/35 (a)(c)
2,000
2,040
Bank of Nova Scotia (6.56%
fixed rate until 07/12/26;
2.91% + 3 mo. Term SOFR
thereafter)
6.56%, 07/12/26 (a)(c)
5,000
4,912
BAT Capital Corp.
2.73%, 03/25/31
2,000
1,827
4.39%, 08/15/37
3,000
2,726
4.54%, 08/15/47
2,000
1,619
4.63%, 03/22/33
5,000
4,892
5.83%, 02/20/31
3,000
3,141
Baxter International, Inc.
1.92%, 02/01/27 (a)
2,000
1,954
4.90%, 12/15/30 (a)
4,000
3,945
5.65%, 12/15/35 (a)
2,000
1,954
Becton Dickinson & Co.
3.70%, 06/06/27 (a)
4,000
3,967
4.69%, 12/15/44 (a)
2,000
1,748
5.11%, 02/08/34 (a)
5,000
5,025
Berkshire Hathaway Energy
Co.
3.25%, 04/15/28 (a)
2,000
1,962
3.70%, 07/15/30 (a)
3,000
2,913
3.80%, 07/15/48 (a)
3,000
2,208
4.25%, 10/15/50 (a)
2,000
1,558
6.13%, 04/01/36 (a)
3,000
3,202
Berkshire Hathaway Finance
Corp.
2.85%, 10/15/50 (a)
2,000
1,256
4.25%, 01/15/49 (a)
2,000
1,639
Berry Global, Inc.
4.88%, 07/15/26 (a)(g)
2,000
2,000
BlackRock TCP Capital Corp.
6.95%, 05/30/29 (a)
8,000
7,851
Block Financial LLC
2.50%, 07/15/28 (a)
3,000
2,833
3.88%, 08/15/30 (a)
3,000
2,827
Boardwalk Pipelines LP
4.80%, 05/03/29 (a)
2,000
2,009
Boeing Co.
2.70%, 02/01/27 (a)
2,000
1,971
2.95%, 02/01/30 (a)
2,000
1,881
3.25%, 03/01/28 (a)
3,000
2,936
3.75%, 02/01/50 (a)
2,000
1,418
5.04%, 05/01/27 (a)
3,000
3,016
5.15%, 05/01/30 (a)
3,000
3,046
5.81%, 05/01/50 (a)
2,000
1,931
Boston Properties LP
3.40%, 06/21/29 (a)
3,000
2,876
 
Principal
Amount
Fair
Value
BP Capital Markets America,
Inc.
3.00%, 02/24/50 (a)
$3,000
$1,933
3.38%, 02/08/61 (a)
3,000
1,938
4.81%, 02/13/33 (a)
3,000
3,010
5.23%, 11/17/34 (a)
7,000
7,140
BP Capital Markets PLC
(4.88% fixed rate until
03/22/30; 4.40% + 5 yr. CMT
thereafter)
4.88%, 03/22/30 (a)(c)
4,000
3,945
Bristol-Myers Squibb Co.
1.45%, 11/13/30
2,000
1,759
2.35%, 11/13/40
2,000
1,396
4.13%, 06/15/39
3,000
2,669
4.25%, 10/26/49
3,000
2,408
4.55%, 02/20/48
2,000
1,691
5.20%, 02/22/34
3,000
3,073
Brixmor Operating
Partnership LP
2.25%, 04/01/28 (a)
2,000
1,919
Broadcom, Inc.
3.14%, 11/15/35 (a)(g)
3,000
2,549
3.42%, 04/15/33 (a)
3,000
2,744
3.47%, 04/15/34 (a)
2,000
1,802
4.15%, 11/15/30 (a)
2,000
1,969
4.30%, 11/15/32 (a)
2,000
1,947
Brown-Forman Corp.
4.00%, 04/15/38 (a)
2,000
1,757
Bunge Ltd. Finance Corp.
3.75%, 09/25/27 (a)
3,000
2,975
Burlington Northern Santa
Fe LLC
4.15%, 12/15/48 (a)
2,000
1,602
4.55%, 09/01/44 (a)
3,000
2,616
Campbell's Co.
5.40%, 03/21/34 (a)
3,000
2,908
Canadian Natural Resources
Ltd.
3.85%, 06/01/27 (a)
3,000
2,983
Canadian Pacific Railway Co.
1.75%, 12/02/26 (a)
3,000
2,952
3.50%, 05/01/50 (a)
3,000
2,121
Carlisle Cos., Inc.
2.20%, 03/01/32 (a)
3,000
2,585
Carrier Global Corp.
2.72%, 02/15/30 (a)
3,000
2,803
CBRE Services, Inc.
4.90%, 01/15/33 (a)
10,000
9,877
Centene Corp.
2.45%, 07/15/28 (a)
17,000
15,830
Charles Schwab Corp.
2.45%, 03/03/27 (a)
9,000
8,861
Charles Schwab Corp. (4.00%
fixed rate until 12/01/30;
3.08% + 10 yr. CMT
thereafter)
4.00%, 12/01/30 (a)(c)
5,000
4,627
Charles Schwab Corp. (5.64%
fixed rate until 05/19/28;
2.21% + SOFR thereafter)
5.64%, 05/19/29 (a)(c)
5,000
5,137
Charles Schwab Corp. (6.14%
fixed rate until 08/24/33;
2.01% + SOFR thereafter)
6.14%, 08/24/34 (a)(c)
3,000
3,192
See Notes to Schedule of Investments.
 
22
State Street Income V.I.S. Fund
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
Charter Communications
Operating LLC/Charter
Communications Operating
Capital
3.50%, 06/01/41 (a)
$2,000
$1,402
3.70%, 04/01/51 (a)
2,000
1,240
4.80%, 03/01/50 (a)
3,000
2,225
6.55%, 06/01/34 (a)
5,000
5,188
Cheniere Energy, Inc.
5.65%, 04/15/34 (a)
3,000
3,091
Chevron USA, Inc.
3.85%, 01/15/28 (a)
2,000
1,993
Chubb INA Holdings LLC
4.35%, 11/03/45 (a)
2,000
1,683
Church & Dwight Co., Inc.
2.30%, 12/15/31 (a)
3,000
2,659
Cigna Group
2.40%, 03/15/30 (a)
3,000
2,772
3.40%, 03/01/27 (a)
5,000
4,959
4.38%, 10/15/28 (a)
3,000
2,998
Cisco Systems, Inc.
5.30%, 02/26/54 (a)
2,000
1,876
5.35%, 02/26/64 (a)
2,000
1,847
5.90%, 02/15/39 (a)
3,000
3,169
Citigroup, Inc.
4.45%, 09/29/27 (a)
3,000
2,999
Citigroup, Inc. (2.98% fixed
rate until 11/05/29; 1.42% +
SOFR thereafter)
2.98%, 11/05/30 (a)(c)
3,000
2,832
Citigroup, Inc. (3.88% fixed
rate until 01/24/38; 1.43% +
3 mo. Term SOFR
thereafter)
3.88%, 01/24/39 (a)(c)
3,000
2,583
Cleveland Electric Illuminating
Co.
4.55%, 11/15/30 (a)(g)
2,000
1,972
Clorox Co.
1.80%, 05/15/30 (a)
2,000
1,789
CME Group, Inc.
3.75%, 06/15/28 (a)
2,000
1,985
CMS Energy Corp.
4.88%, 03/01/44 (a)
2,000
1,759
Coca-Cola Co.
2.60%, 06/01/50 (a)
3,000
1,819
2.75%, 06/01/60 (a)
3,000
1,715
Comcast Corp.
3.20%, 07/15/36 (a)
3,000
2,515
3.25%, 11/01/39 (a)
3,000
2,310
3.97%, 11/01/47 (a)
3,000
2,209
5.17%, 01/15/37 (a)(g)
3,000
2,922
Conagra Brands, Inc.
5.30%, 11/01/38 (a)
3,000
2,791
ConocoPhillips Co.
5.55%, 03/15/54 (a)
3,000
2,874
Consolidated Edison Co. of
New York, Inc.
3.35%, 04/01/30 (a)
3,000
2,878
3.88%, 06/15/47 (a)
2,000
1,526
3.95%, 04/01/50 (a)
3,000
2,308
Constellation Brands, Inc.
3.15%, 08/01/29 (a)
2,000
1,913
4.50%, 05/09/47 (a)
2,000
1,629
Constellation Energy
Generation LLC
6.50%, 10/01/53 (a)
3,000
3,188
 
Principal
Amount
Fair
Value
Continental Resources, Inc.
2.88%, 04/01/32 (a)(g)
$3,000
$2,621
COPT Defense Properties LP
2.00%, 01/15/29 (a)
3,000
2,801
2.75%, 04/15/31 (a)
5,000
4,518
Corebridge Financial, Inc.
3.90%, 04/05/32 (a)
6,000
5,628
Coterra Energy, Inc.
5.60%, 03/15/34 (a)
5,000
5,116
5.90%, 02/15/55 (a)
3,000
2,861
Crowdstrike Holdings, Inc.
3.00%, 02/15/29 (a)
32,000
30,449
Crown Castle, Inc.
2.90%, 03/15/27 (a)
3,000
2,956
CSL Finance PLC
4.25%, 04/27/32 (a)(g)
2,000
1,936
CSX Corp.
4.50%, 03/15/49 -
08/01/54 (a)
5,000
4,143
CubeSmart LP
4.38%, 02/15/29 (a)
3,000
2,981
CVS Health Corp.
3.00%, 08/15/26 (a)
2,000
1,990
3.63%, 04/01/27 (a)
3,000
2,975
3.75%, 04/01/30 (a)
3,000
2,900
4.78%, 03/25/38 (a)
3,000
2,763
5.13%, 07/20/45 (a)
2,000
1,759
5.30%, 12/05/43 (a)
2,000
1,817
6.05%, 06/01/54 (a)
2,000
1,940
CVS Health Corp. (6.75% fixed
rate until 09/10/34; 2.52% +
5 yr. CMT thereafter)
6.75%, 12/10/54 (a)(c)
3,000
3,028
CVS Health Corp. (7.00% fixed
rate until 12/10/29; 2.89% +
5 yr. CMT thereafter)
7.00%, 03/10/55 (a)(c)
2,000
2,058
DH Europe Finance II SARL
2.60%, 11/15/29 (a)
2,000
1,884
3.25%, 11/15/39 (a)
3,000
2,408
3.40%, 11/15/49 (a)
3,000
2,104
Diamondback Energy, Inc.
3.13%, 03/24/31 (a)
2,000
1,856
4.40%, 03/24/51 (a)
3,000
2,393
5.40%, 04/18/34 (a)
3,000
3,047
Dick's Sporting Goods, Inc.
4.10%, 01/15/52 (a)
4,000
2,831
Digital Realty Trust LP
3.60%, 07/01/29 (a)
2,000
1,943
Discovery
Communications LLC
3.95%, 03/20/28 (a)
2,000
1,959
5.00%, 09/20/37 (a)
3,000
2,169
Discovery Global Holdings,
Inc.
3.76%, 03/15/27 (a)
8,000
7,902
4.28%, 03/15/32 (a)
10,000
8,853
Dollar General Corp.
3.50%, 04/03/30 (a)
2,000
1,905
4.13%, 04/03/50 (a)
2,000
1,506
Dominion Energy, Inc.
3.38%, 04/01/30 (a)
2,000
1,911
Dover Corp.
2.95%, 11/04/29 (a)
3,000
2,846
Dow Chemical Co.
2.10%, 11/15/30 (a)
3,000
2,638
4.25%, 10/01/34 (a)
3,000
2,724
See Notes to Schedule of Investments.
 
State Street Income V.I.S. Fund
23
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
5.15%, 02/15/34 (a)
$3,000
$2,924
6.30%, 03/15/33 (a)
3,000
3,145
DR Horton, Inc.
5.50%, 10/15/35 (a)
3,000
3,045
DTE Energy Co.
2.85%, 10/01/26 (a)
4,000
3,969
Duke Energy Carolinas LLC
3.95%, 03/15/48 (a)
3,000
2,306
Duke Energy Corp.
2.55%, 06/15/31 (a)
2,000
1,799
3.30%, 06/15/41 (a)
2,000
1,501
3.50%, 06/15/51 (a)
2,000
1,339
3.75%, 09/01/46 (a)
3,000
2,217
Duke Energy Progress LLC
4.15%, 12/01/44 (a)
6,000
4,871
Duquesne Light Holdings, Inc.
3.62%, 08/01/27 (a)(g)
2,000
1,975
Eastman Chemical Co.
4.65%, 10/15/44 (a)
2,000
1,676
Eaton Corp.
3.10%, 09/15/27 (a)
2,000
1,972
Electronic Arts, Inc.
1.85%, 02/15/31 (a)
3,000
2,761
Elevance Health, Inc.
2.88%, 09/15/29 (a)
3,000
2,842
3.60%, 03/15/51 (a)
3,000
2,081
3.70%, 09/15/49 (a)
3,000
2,134
5.65%, 06/15/54 (a)
3,000
2,827
Eli Lilly & Co.
5.00%, 02/09/54 (a)
3,000
2,731
5.10%, 02/09/64 (a)
3,000
2,695
Emera U.S. Finance LP
2.64%, 06/15/31 (a)
3,000
2,676
Emerson Electric Co.
1.80%, 10/15/27 (a)
2,000
1,934
2.75%, 10/15/50 (a)
2,000
1,232
Enbridge, Inc.
1.60%, 10/04/26 (a)
3,000
2,960
Enbridge, Inc. (5.75% fixed
rate until 04/15/30; 5.31% +
5 yr. CMT thereafter)
5.75%, 07/15/80 (a)(c)
6,000
5,992
Energy Transfer LP
5.30%, 04/01/44 -
04/15/47 (a)
5,000
4,453
5.35%, 05/15/45 (a)
2,000
1,786
5.75%, 02/15/33 (a)
3,000
3,120
6.10%, 12/01/28 (a)
3,000
3,119
6.40%, 12/01/30 (a)
3,000
3,206
6.50%, 02/01/42 (a)
2,000
2,082
Enterprise Products
Operating LLC
4.25%, 02/15/48
5,000
4,028
4.85%, 01/31/34
6,000
5,990
Enterprise Products
Operating LLC (5.25% fixed
rate until 08/16/27; 3.29% +
3 mo. Term SOFR
thereafter)
5.25%, 08/16/77 (c)
3,000
2,973
EOG Resources, Inc.
5.10%, 01/15/36 (a)
2,000
1,975
Equinix, Inc.
2.15%, 07/15/30 (a)
2,000
1,798
ERP Operating LP
4.50%, 07/01/44 (a)
5,000
4,323
 
Principal
Amount
Fair
Value
Everest Reinsurance Holdings,
Inc.
3.13%, 10/15/52 (a)
$3,000
$1,809
Eversource Energy
3.45%, 01/15/50 (a)
3,000
2,059
Exelon Corp.
4.05%, 04/15/30 (a)
3,000
2,940
4.45%, 04/15/46 (a)
3,000
2,459
4.70%, 04/15/50 (a)
2,000
1,658
5.60%, 03/15/53 (a)
3,000
2,831
Expand Energy Corp.
6.75%, 04/15/29 (a)(g)
10,000
10,022
Expedia Group, Inc.
5.40%, 02/15/35 (a)
3,000
2,976
Extra Space Storage LP
2.20%, 10/15/30 (a)
2,000
1,791
5.90%, 01/15/31 (a)
2,000
2,089
FedEx Corp.
4.10%, 02/01/45 (a)
2,000
1,572
FirstEnergy Corp.
3.40%, 03/01/50 (a)
2,000
1,336
FirstEnergy Transmission LLC
4.55%, 04/01/49 (a)(g)
2,000
1,659
Fiserv, Inc.
3.50%, 07/01/29 (a)
3,000
2,874
4.40%, 07/01/49 (a)
3,000
2,266
Florida Power & Light Co.
4.13%, 02/01/42 (a)
3,000
2,544
Flowserve Corp.
2.80%, 01/15/32 (a)
3,000
2,648
Fox Corp.
6.50%, 10/13/33 (a)
3,000
3,218
Freeport-McMoRan, Inc.
4.25%, 03/01/30 (a)
3,000
2,944
General Mills, Inc.
3.00%, 02/01/51 (a)
3,000
1,840
General Motors Co.
5.20%, 04/01/45 (a)
3,000
2,602
5.40%, 04/01/48 (a)
2,000
1,750
6.80%, 10/01/27 (a)
3,000
3,085
General Motors Financial Co.,
Inc.
2.35%, 01/08/31 (a)
2,000
1,782
5.85%, 04/06/30 (a)
6,000
6,213
6.10%, 01/07/34 (a)
5,000
5,192
Genuine Parts Co.
2.75%, 02/01/32 (a)
3,000
2,598
Georgia Power Co.
5.25%, 03/15/34 (a)
8,000
8,174
Gilead Sciences, Inc.
2.60%, 10/01/40 (a)
2,000
1,447
4.15%, 03/01/47 (a)
3,000
2,428
4.60%, 09/01/35 (a)
3,000
2,928
GlaxoSmithKline Capital PLC
3.38%, 06/01/29 (a)
3,000
2,922
Goldman Sachs Group, Inc.
3.85%, 01/26/27 (a)
2,000
1,993
Goldman Sachs Group, Inc.
(2.38% fixed rate until
07/21/31; 1.25% + SOFR
thereafter)
2.38%, 07/21/32 (a)(c)
3,000
2,647
Goldman Sachs Group, Inc.
(3.44% fixed rate until
02/24/42; 1.63% + SOFR
thereafter)
3.44%, 02/24/43 (a)(c)
3,000
2,253
See Notes to Schedule of Investments.
 
24
State Street Income V.I.S. Fund
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
Goldman Sachs Group, Inc.
(3.81% fixed rate until
04/23/28; 1.42% + 3 mo.
Term SOFR thereafter)
3.81%, 04/23/29 (a)(c)
$2,000
$1,972
Goldman Sachs Group, Inc.
(4.02% fixed rate until
10/31/37; 1.63% + 3 mo.
Term SOFR thereafter)
4.02%, 10/31/38 (a)(c)
2,000
1,745
Goldman Sachs Group, Inc.
(4.22% fixed rate until
05/01/28; 1.56% + 3 mo.
Term SOFR thereafter)
4.22%, 05/01/29 (a)(c)
2,000
1,988
Graphic Packaging
International LLC
1.51%, 04/15/26 (a)(g)
3,000
2,996
Halliburton Co.
5.00%, 11/15/45 (a)
2,000
1,773
Hartford Insurance Group, Inc.
(6.04% fixed rate until
04/30/26; 2.39% + 3 mo.
Term SOFR thereafter)
6.04%, 02/12/67 (a)(c)(g)
2,000
1,911
HCA, Inc.
3.13%, 03/15/27 (a)
3,000
2,962
3.38%, 03/15/29 (a)
3,000
2,906
3.50%, 09/01/30 (a)
3,000
2,849
3.63%, 03/15/32 (a)
3,000
2,786
4.63%, 03/15/52 (a)
2,000
1,592
5.60%, 04/01/34 (a)
3,000
3,063
5.75%, 03/01/35 (a)
3,000
3,084
6.00%, 04/01/54 (a)
2,000
1,932
Health Care Service Corp. A
Mutual Legal Reserve Co.
2.20%, 06/01/30 (a)(g)
3,000
2,715
3.20%, 06/01/50 (a)(g)
2,000
1,243
Healthcare Realty Holdings LP
2.00%, 03/15/31 (a)
3,000
2,604
Hess Corp.
5.60%, 02/15/41 (a)
2,000
2,036
5.80%, 04/01/47 (a)
2,000
2,016
Highwoods Realty LP
4.13%, 03/15/28 (a)
3,000
2,957
4.20%, 04/15/29 (a)
2,000
1,945
Home Depot, Inc.
2.70%, 04/15/30 (a)
2,000
1,882
3.35%, 04/15/50 (a)
3,000
2,070
3.50%, 09/15/56 (a)
3,000
2,047
3.90%, 12/06/28 (a)
2,000
1,991
4.50%, 12/06/48 (a)
2,000
1,681
5.40%, 06/25/64 (a)
3,000
2,814
Honeywell Aerospace, Inc.
4.30%, 03/16/31 (a)(g)
4,000
3,959
Honeywell International, Inc.
1.75%, 09/01/31 (a)
3,000
2,599
Hormel Foods Corp.
1.80%, 06/11/30 (a)
3,000
2,697
Huntington Bancshares, Inc.
2.55%, 02/04/30 (a)
3,000
2,779
Huntington Bancshares, Inc.
(6.14% fixed rate until
08/18/34; 1.70% + 5 yr. CMT
thereafter)
6.14%, 11/18/39 (a)(c)
3,000
3,053
Hyundai Capital America
5.40%, 01/08/31 (a)(g)
8,000
8,165
 
Principal
Amount
Fair
Value
Indiana Michigan Power Co.
3.25%, 05/01/51 (a)
$3,000
$1,959
Ingersoll Rand, Inc.
5.70%, 08/14/33 (a)
3,000
3,116
Ingredion, Inc.
3.90%, 06/01/50 (a)
2,000
1,481
Intel Corp.
2.00%, 08/12/31 (a)
2,000
1,732
2.45%, 11/15/29 (a)
2,000
1,856
2.80%, 08/12/41 (a)
3,000
2,058
3.10%, 02/15/60 (a)
3,000
1,650
Intercontinental Exchange, Inc.
1.85%, 09/15/32 (a)
2,000
1,685
2.65%, 09/15/40 (a)
2,000
1,448
Intuit, Inc.
5.50%, 09/15/53 (a)
3,000
2,759
ITC Holdings Corp.
2.95%, 05/14/30 (a)(g)
2,000
1,870
J.M. Smucker Co.
6.50%, 11/15/43 -
11/15/53 (a)
6,000
6,245
JBS NV/JBS USA Foods
Group Holdings, Inc./JBS
USA Food Co. Holdings
5.75%, 04/01/33 (a)
3,000
3,097
5.95%, 04/20/35 (a)
3,000
3,113
6.75%, 03/15/34 (a)
3,000
3,294
Jefferies Financial Group, Inc.
5.88%, 07/21/28 (a)
5,000
5,106
Johnson & Johnson
3.63%, 03/03/37 (a)
3,000
2,694
JPMorgan Chase & Co.
(2.96% fixed rate until
05/13/30; 2.52% + 3 mo.
Term SOFR thereafter)
2.96%, 05/13/31 (a)(c)
3,000
2,796
JPMorgan Chase & Co.
(3.16% fixed rate until
04/22/41; 1.46% + 3 mo.
Term SOFR thereafter)
3.16%, 04/22/42 (a)(c)
2,000
1,501
JPMorgan Chase & Co.
(3.88% fixed rate until
07/24/37; 1.62% + 3 mo.
Term SOFR thereafter)
3.88%, 07/24/38 (a)(c)
2,000
1,755
JPMorgan Chase & Co.
(3.90% fixed rate until
01/23/48; 1.48% + 3 mo.
Term SOFR thereafter)
3.90%, 01/23/49 (a)(c)
7,000
5,373
JPMorgan Chase & Co.
(4.01% fixed rate until
04/23/28; 1.38% + 3 mo.
Term SOFR thereafter)
4.01%, 04/23/29 (a)(c)
2,000
1,983
JPMorgan Chase & Co.
(4.03% fixed rate until
07/24/47; 1.72% + 3 mo.
Term SOFR thereafter)
4.03%, 07/24/48 (a)(c)
3,000
2,367
JPMorgan Chase & Co.
(4.49% fixed rate until
03/24/30; 3.79% + 3 mo.
Term SOFR thereafter)
4.49%, 03/24/31 (a)(c)
2,000
1,990
JPMorgan Chase & Co.
(5.34% fixed rate until
01/23/34; 1.62% + SOFR
thereafter)
5.34%, 01/23/35 (a)(c)
3,000
3,045
See Notes to Schedule of Investments.
 
State Street Income V.I.S. Fund
25
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
JPMorgan Chase & Co.
(5.50% fixed rate until
01/24/35; 1.32% + SOFR
thereafter)
5.50%, 01/24/36 (a)(c)
$7,000
$7,163
Kenvue, Inc.
4.90%, 03/22/33 (a)
2,000
2,015
5.05%, 03/22/53 (a)
2,000
1,806
Kinder Morgan Energy
Partners LP
4.70%, 11/01/42 (a)
2,000
1,753
5.00%, 03/01/43 (a)
2,000
1,794
6.38%, 03/01/41 (a)
3,000
3,157
Kinder Morgan, Inc.
1.75%, 11/15/26 (a)
3,000
2,953
5.20%, 06/01/33 (a)
3,000
3,052
KLA Corp.
3.30%, 03/01/50 (a)
3,000
2,042
Kraft Heinz Foods Co.
5.20%, 07/15/45 (a)
2,000
1,746
L3Harris Technologies, Inc.
3.85%, 12/15/26 (a)
2,000
1,992
Las Vegas Sands Corp.
5.90%, 06/01/27 (a)
3,000
3,040
6.20%, 08/15/34 (a)
2,000
2,053
Leidos, Inc.
4.38%, 05/15/30 (a)
3,000
2,953
5.40%, 03/15/32 (a)
3,000
3,055
5.50%, 03/15/35 (a)
3,000
3,047
5.75%, 03/15/33 (a)
3,000
3,111
Liberty Mutual Group, Inc.
3.95%, 05/15/60 (a)(g)
3,000
2,035
Lockheed Martin Corp.
4.50%, 05/15/36 (a)
3,000
2,914
Lowe's Cos., Inc.
1.30%, 04/15/28 (a)
3,000
2,827
1.70%, 09/15/28 -
10/15/30 (a)
6,000
5,465
5.63%, 04/15/53 (a)
2,000
1,889
Mars, Inc.
4.80%, 03/01/30 (a)(g)
3,000
3,031
5.20%, 03/01/35 (a)(g)
3,000
3,027
5.70%, 05/01/55 (a)(g)
3,000
2,924
Marvell Technology, Inc.
5.95%, 09/15/33 (a)
3,000
3,160
Masco Corp.
3.50%, 11/15/27 (a)
2,000
1,971
McCormick & Co., Inc.
1.85%, 02/15/31 (a)
3,000
2,610
McDonald's Corp.
3.60%, 07/01/30 (a)
4,000
3,885
3.63%, 09/01/49 (a)
3,000
2,160
4.88%, 12/09/45 (a)
4,000
3,562
Medtronic Global Holdings
SCA
4.50%, 03/30/33 (a)
7,000
6,914
Medtronic, Inc.
4.63%, 03/15/45 (a)
2,000
1,786
Memorial Sloan-Kettering
Cancer Center
4.13%, 07/01/52 (a)
4,000
3,200
Merck & Co., Inc.
1.90%, 12/10/28 (a)
3,000
2,839
2.45%, 06/24/50 (a)
3,000
1,736
2.75%, 12/10/51 (a)
3,000
1,825
4.00%, 03/07/49 (a)
2,000
1,564
 
Principal
Amount
Fair
Value
Meritage Homes Corp.
3.88%, 04/15/29 (a)(g)
$8,000
$7,786
Meta Platforms, Inc.
3.85%, 08/15/32 (a)
2,000
1,908
4.45%, 08/15/52 (a)
2,000
1,572
MetLife, Inc.
4.72%, 12/15/44 (a)
3,000
2,611
Micron Technology, Inc.
3.37%, 11/01/41 (a)
3,000
2,328
3.48%, 11/01/51 (a)
3,000
2,113
5.30%, 01/15/31 (a)
3,000
3,139
5.65%, 11/01/32 (a)
4,000
4,211
Microsoft Corp.
2.40%, 08/08/26 (a)
2,000
1,988
2.68%, 06/01/60 (a)
3,000
1,674
2.92%, 03/17/52 (a)
3,000
1,927
3.45%, 08/08/36 (a)
3,000
2,704
3.50%, 02/12/35 (a)
3,000
2,794
Mid-America Apartments LP
2.88%, 09/15/51 (a)
3,000
1,852
Molson Coors Beverage Co.
4.20%, 07/15/46 (a)
2,000
1,560
Morgan Stanley
3.97%, 07/22/38 (c)
4,000
3,490
Morgan Stanley (1.51% fixed
rate until 07/20/26; 0.86% +
SOFR thereafter)
1.51%, 07/20/27 (c)
3,000
2,972
Morgan Stanley (2.80% fixed
rate until 01/25/51; 1.43% +
SOFR thereafter)
2.80%, 01/25/52 (c)
6,000
3,653
Morgan Stanley (5.47% fixed
rate until 01/18/34; 1.73% +
SOFR thereafter)
5.47%, 01/18/35 (c)
3,000
3,046
MPLX LP
2.65%, 08/15/30 (a)
3,000
2,764
MSCI, Inc.
5.25%, 09/01/35 (a)
3,000
2,939
Mylan, Inc.
5.20%, 04/15/48 (a)
3,000
2,376
NetApp, Inc.
5.50%, 03/17/32 (a)
5,000
5,110
Netflix, Inc.
4.90%, 08/15/34 (a)
3,000
3,023
Nevada Power Co.
6.00%, 03/15/54 (a)
3,000
3,008
NextEra Energy Capital
Holdings, Inc. (5.65% fixed
rate until 05/01/29; 3.16% +
3 mo. Term SOFR
thereafter)
5.65%, 05/01/79 (a)(c)
3,000
2,993
NGPL PipeCo LLC
3.25%, 07/15/31 (a)(g)
2,000
1,840
Niagara Mohawk Power Corp.
5.66%, 01/17/54 (a)(g)
2,000
1,881
NIKE, Inc.
3.38%, 03/27/50 (a)
2,000
1,392
NiSource, Inc. (5.75% fixed
rate until 04/15/31; 2.04% +
5 yr. CMT thereafter)
5.75%, 07/15/56 (a)(c)
8,000
7,866
Norfolk Southern Corp.
3.95%, 10/01/42 (a)
2,000
1,627
Northern Trust Corp.
6.13%, 11/02/32 (a)
3,000
3,206
See Notes to Schedule of Investments.
 
26
State Street Income V.I.S. Fund
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
Northwestern Mutual Life
Insurance Co.
3.45%, 03/30/51 (a)(g)
$6,000
$4,141
NOV, Inc.
3.60%, 12/01/29 (a)
3,000
2,900
Novant Health, Inc.
3.32%, 11/01/61 (a)
3,000
1,888
Novartis Capital Corp.
2.20%, 08/14/30 (a)
2,000
1,832
NRG Energy, Inc.
4.73%, 10/15/30 (a)(g)
5,000
4,941
5.41%, 10/15/35 (a)(g)
5,000
4,897
Oklahoma Gas & Electric Co.
3.25%, 04/01/30 (a)
3,000
2,862
Oncor Electric Delivery Co.
LLC
3.80%, 09/30/47 (a)
2,000
1,506
ONEOK, Inc.
4.35%, 03/15/29 (a)
2,000
1,988
6.10%, 11/15/32 (a)
3,000
3,162
6.63%, 09/01/53 (a)
2,000
2,054
Oracle Corp.
3.60%, 04/01/50 (a)
2,000
1,207
3.95%, 03/25/51 (a)
3,000
1,902
4.00%, 07/15/46 -
11/15/47 (a)
5,000
3,341
4.10%, 03/25/61 (a)
3,000
1,851
4.55%, 02/04/29 (a)
10,000
9,871
5.55%, 02/06/53 (a)
3,000
2,393
5.70%, 02/04/36 (a)
5,000
4,807
6.90%, 11/09/52 (a)
3,000
2,835
Otis Worldwide Corp.
2.57%, 02/15/30 (a)
3,000
2,785
3.36%, 02/15/50 (a)
3,000
2,049
Owens Corning
3.88%, 06/01/30 (a)
3,000
2,904
5.70%, 06/15/34 (a)
3,000
3,104
Pacific Gas & Electric Co.
2.10%, 08/01/27 (a)
3,000
2,907
2.50%, 02/01/31 (a)
2,000
1,794
3.00%, 06/15/28 (a)
3,000
2,901
3.30%, 08/01/40 (a)
2,000
1,496
3.50%, 08/01/50 (a)
3,000
1,979
4.30%, 03/15/45 (a)
3,000
2,342
PacifiCorp
2.70%, 09/15/30 (a)
3,000
2,730
2.90%, 06/15/52 (a)
3,000
1,705
5.80%, 01/15/55 (a)
2,000
1,828
6.25%, 10/15/37 (a)
2,000
2,066
Paramount Global
2.90%, 01/15/27 (a)
2,000
1,966
3.70%, 06/01/28 (a)
2,000
1,935
Parker-Hannifin Corp.
3.25%, 06/14/29 (a)
3,000
2,908
4.50%, 09/15/29 (a)
3,000
3,016
Patterson-UTI Energy, Inc.
7.15%, 10/01/33 (a)
3,000
3,223
PayPal Holdings, Inc.
2.65%, 10/01/26 (a)
2,000
1,984
3.25%, 06/01/50 (a)
2,000
1,289
PepsiCo, Inc.
1.63%, 05/01/30 (a)
3,000
2,704
2.75%, 10/21/51 (a)
3,000
1,842
Pfizer, Inc.
2.70%, 05/28/50 (a)
2,000
1,226
3.90%, 03/15/39 (a)
3,000
2,609
 
Principal
Amount
Fair
Value
4.40%, 05/15/44 (a)
$2,000
$1,735
Philip Morris International, Inc.
2.10%, 05/01/30
3,000
2,733
4.13%, 03/04/43
2,000
1,655
5.13%, 02/15/30
6,000
6,125
5.63%, 11/17/29
5,000
5,199
Phillips 66 Co.
2.15%, 12/15/30 (a)
2,000
1,793
3.15%, 12/15/29 (a)
2,000
1,907
3.30%, 03/15/52 (a)
3,000
1,938
3.75%, 03/01/28 (a)
3,000
2,968
4.68%, 02/15/45 (a)
2,000
1,683
Pilgrim's Pride Corp.
6.88%, 05/15/34 (a)
3,000
3,238
Pioneer Natural Resources
Co.
2.15%, 01/15/31 (a)
6,000
5,409
Progressive Corp.
3.00%, 03/15/32 (a)
5,000
4,565
Prologis LP
3.05%, 03/01/50 (a)
3,000
1,955
Prudential Financial, Inc.
3.94%, 12/07/49 (a)
3,000
2,234
Prudential Financial, Inc.
(5.70% fixed rate until
09/15/28; 2.67% + 3 mo.
Term SOFR thereafter)
5.70%, 09/15/48 (a)(c)
3,000
2,967
Public Service Co. of Colorado
3.70%, 06/15/28 (a)
3,000
2,963
QUALCOMM, Inc.
4.30%, 05/20/47 (a)
3,000
2,434
4.50%, 05/20/52 (a)
2,000
1,631
Regeneron Pharmaceuticals,
Inc.
1.75%, 09/15/30 (a)
2,000
1,773
Reynolds American, Inc.
5.70%, 08/15/35 (a)
4,000
4,111
ROBLOX Corp.
3.88%, 05/01/30 (a)(g)
8,000
7,511
Rockwell Automation, Inc.
4.20%, 03/01/49 (a)
2,000
1,623
Ross Stores, Inc.
4.70%, 04/15/27 (a)
3,000
3,003
Royal Caribbean Cruises Ltd.
5.38%, 01/15/36
5,000
4,914
5.63%, 09/30/31 (g)
10,000
10,107
Royalty Pharma PLC
1.75%, 09/02/27 (a)
3,000
2,891
2.20%, 09/02/30 (a)
3,000
2,700
RTX Corp.
1.90%, 09/01/31 (a)
3,000
2,613
2.82%, 09/01/51 (a)
3,000
1,834
4.15%, 05/15/45 (a)
3,000
2,453
4.45%, 11/16/38 (a)
2,000
1,845
6.10%, 03/15/34 (a)
4,000
4,307
6.40%, 03/15/54 (a)
2,000
2,156
Ryder System, Inc.
2.90%, 12/01/26 (a)
3,000
2,968
Salesforce, Inc.
1.95%, 07/15/31 (a)
2,000
1,744
2.70%, 07/15/41 (a)
3,000
2,045
SBA Communications Corp.
3.88%, 02/15/27 (a)
17,000
16,829
Schlumberger Holdings Corp.
3.90%, 05/17/28 (a)(g)
2,000
1,984
See Notes to Schedule of Investments.
 
State Street Income V.I.S. Fund
27
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
5.00%, 06/01/34 (a)(g)
$8,000
$8,000
Sealed Air Corp.
1.57%, 10/15/26 (a)(g)
3,000
2,994
Sempra (4.13% fixed rate until
01/01/27; 2.87% + 5 yr. CMT
thereafter)
4.13%, 04/01/52 (a)(c)
2,000
1,942
Shell Finance U.S., Inc.
2.38%, 11/07/29 (a)
4,000
3,753
3.25%, 04/06/50 (a)
1,000
680
3.75%, 09/12/46 (a)
5,000
3,821
Simon Property Group LP
3.38%, 06/15/27 (a)
2,000
1,980
South Bow USA Infrastructure
Holdings LLC
5.58%, 10/01/34 (a)
8,000
7,948
Southern California Edison Co.
4.00%, 04/01/47 (a)
6,000
4,464
4.20%, 03/01/29 (a)
5,000
4,944
5.65%, 10/01/28 (a)
10,000
10,245
Southern Co.
3.70%, 04/30/30 (a)
2,000
1,937
Southwest Airlines Co.
2.63%, 02/10/30 (a)
4,000
3,665
Southwestern Electric Power
Co.
2.75%, 10/01/26 (a)
3,000
2,976
Spectra Energy Partners LP
3.38%, 10/15/26 (a)
2,000
1,989
4.50%, 03/15/45 (a)
3,000
2,513
Starbucks Corp.
4.00%, 11/15/28 (a)
2,000
1,984
Stryker Corp.
1.95%, 06/15/30 (a)
2,000
1,807
Sumitomo Mitsui Financial
Group, Inc.
6.18%, 07/13/43 (a)
3,000
3,154
Suncor Energy, Inc.
4.00%, 11/15/47 (a)
3,000
2,262
Synopsys, Inc.
4.85%, 04/01/30 (a)
3,000
3,022
5.15%, 04/01/35 (a)
3,000
3,005
5.70%, 04/01/55 (a)
3,000
2,865
Takeoff Merger Sub, Inc.
4.85%, 03/24/31 (a)(g)
5,000
4,940
Take-Two Interactive Software,
Inc.
3.70%, 04/14/27 (a)
8,000
7,923
4.00%, 04/14/32 (a)
3,000
2,861
Tampa Electric Co.
2.40%, 03/15/31 (a)
3,000
2,709
3.45%, 03/15/51 (a)
3,000
2,075
4.35%, 05/15/44 (a)
3,000
2,505
Tanger Properties LP
2.75%, 09/01/31 (a)
5,000
4,468
Tapestry, Inc.
3.05%, 03/15/32 (a)
3,000
2,718
5.10%, 03/11/30 (a)
7,000
7,078
5.50%, 03/11/35 (a)
3,000
3,009
Targa Resources Corp.
6.50%, 03/30/34 (a)
5,000
5,406
Targa Resources
Partners LP/Targa
Resources Partners Finance
Corp.
5.00%, 01/15/28 (a)
3,000
2,996
 
Principal
Amount
Fair
Value
Target Corp.
1.95%, 01/15/27 (a)
$2,000
$1,968
Texas Instruments, Inc.
3.88%, 03/15/39 (a)
2,000
1,745
Thermo Fisher Scientific, Inc.
2.80%, 10/15/41 (a)
3,000
2,191
Time Warner Cable LLC
6.55%, 05/01/37 (a)
3,000
3,024
T-Mobile USA, Inc.
3.50%, 04/15/31 (a)
10,000
9,466
3.75%, 04/15/27 (a)
2,000
1,988
4.50%, 04/15/50 (a)
3,000
2,422
4.80%, 07/15/28 (a)
10,000
10,094
Toronto-Dominion Bank
3.20%, 03/10/32 (a)
6,000
5,521
4.46%, 06/08/32 (a)
3,000
2,954
Toronto-Dominion Bank
(3.63% fixed rate until
09/15/26; 2.21% + 5 yr. USD
Swap thereafter)
3.63%, 09/15/31 (a)(c)
2,000
1,988
TotalEnergies Capital
International SA
2.83%, 01/10/30 (a)
5,000
4,742
Trane Technologies Financing
Ltd.
3.80%, 03/21/29 (a)
2,000
1,975
TransCanada PipeLines Ltd.
4.25%, 05/15/28 (a)
4,000
3,982
Transcontinental Gas Pipe
Line Co. LLC
4.00%, 03/15/28 (a)
2,000
1,987
5.10%, 03/15/36 (a)(g)
5,000
4,961
Travelers Cos., Inc.
2.55%, 04/27/50 (a)
2,000
1,181
Truist Financial Corp. (6.67%
fixed rate until 09/01/26;
3.00% + 5 yr. CMT
thereafter)
6.67%, 09/01/26 (a)(c)
7,000
6,989
TWDC Enterprises 18 Corp.
4.13%, 06/01/44 (a)
2,000
1,642
Tyson Foods, Inc.
5.70%, 03/15/34 (a)
3,000
3,106
U.S. Bancorp (4.97% fixed rate
until 07/22/32; 2.11% +
SOFR thereafter)
4.97%, 07/22/33 (a)(c)
6,000
5,940
U.S. Bancorp (5.68% fixed rate
until 01/23/34; 1.86% +
SOFR thereafter)
5.68%, 01/23/35 (a)(c)
3,000
3,098
Uber Technologies, Inc.
4.15%, 01/15/31 (a)
5,000
4,889
4.80%, 09/15/35 (a)
5,000
4,856
UDR, Inc.
2.10%, 08/01/32 (a)
3,000
2,538
3.00%, 08/15/31 (a)
3,000
2,748
Union Pacific Corp.
3.55%, 05/20/61 (a)
3,000
1,979
3.80%, 04/06/71 (a)
3,000
2,020
4.10%, 09/15/67 (a)
3,000
2,173
UnitedHealth Group, Inc.
2.00%, 05/15/30 (a)
2,000
1,812
4.20%, 05/15/32 (a)
3,000
2,923
4.45%, 12/15/48 (a)
2,000
1,632
4.75%, 07/15/45 -
05/15/52 (a)
4,000
3,427
See Notes to Schedule of Investments.
 
28
State Street Income V.I.S. Fund
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Principal
Amount
Fair
Value
Vale Overseas Ltd.
6.13%, 06/12/33 (a)
$3,000
$3,118
6.40%, 06/28/54 (a)
3,000
3,025
Ventas Realty LP
3.25%, 10/15/26 (a)
4,000
3,978
5.63%, 07/01/34 (a)
3,000
3,075
Verisk Analytics, Inc.
5.25%, 06/05/34 (a)
3,000
2,985
Verizon Communications, Inc.
2.36%, 03/15/32 (a)
2,000
1,746
3.40%, 03/22/41 (a)
2,000
1,538
3.55%, 03/22/51 (a)
3,000
2,093
4.40%, 11/01/34 (a)
2,000
1,903
Viatris, Inc.
4.00%, 06/22/50 (a)
2,000
1,310
Virginia Electric & Power Co.
4.00%, 11/15/46 (a)
3,000
2,300
Vistra Operations Co. LLC
6.00%, 04/15/34 (a)(g)
3,000
3,093
Vontier Corp.
2.40%, 04/01/28 (a)
2,000
1,917
2.95%, 04/01/31 (a)
2,000
1,817
Vornado Realty LP
2.15%, 06/01/26 (a)
26,000
25,877
Vulcan Materials Co.
3.90%, 04/01/27 (a)
2,000
1,993
Walmart, Inc.
1.80%, 09/22/31 (a)
3,000
2,660
2.50%, 09/22/41 (a)
3,000
2,148
Walt Disney Co.
2.65%, 01/13/31 (a)
2,000
1,856
3.38%, 11/15/26 (a)
3,000
2,987
4.75%, 11/15/46 (a)
2,000
1,765
6.65%, 11/15/37 (a)
2,000
2,250
Wells Fargo & Co.
4.15%, 01/24/29 (a)
4,000
3,977
Wells Fargo & Co. (2.39%
fixed rate until 06/02/27;
2.10% + SOFR thereafter)
2.39%, 06/02/28 (a)(c)
2,000
1,952
Wells Fargo & Co. (3.07%
fixed rate until 04/30/40;
2.53% + SOFR thereafter)
3.07%, 04/30/41 (a)(c)
4,000
3,003
Wells Fargo & Co. (5.24%
fixed rate until 01/24/30;
1.11% + SOFR thereafter)
5.24%, 01/24/31 (a)(c)
4,000
4,077
Wells Fargo & Co. (6.49%
fixed rate until 10/23/33;
2.06% + SOFR thereafter)
6.49%, 10/23/34 (a)(c)
6,000
6,488
Westpac Banking Corp.
(4.11% fixed rate until
07/24/29; 2.00% + 5 yr. CMT
thereafter)
4.11%, 07/24/34 (a)(c)
3,000
2,925
Williams Cos., Inc.
3.75%, 06/15/27 (a)
3,000
2,977
4.85%, 03/01/48 (a)
3,000
2,566
4.90%, 01/15/45 (a)
2,000
1,752
5.40%, 03/04/44 (a)
2,000
1,862
Willis North America, Inc.
3.88%, 09/15/49 (a)
2,000
1,446
Zoetis, Inc.
3.00%, 09/12/27 (a)
3,000
2,949
3.90%, 08/20/28 (a)
2,000
1,981
 
Principal
Amount
Fair
Value
5.60%, 11/16/32 (a)
$3,000
$3,141
 
1,832,653
Non-Agency Collateralized Mortgage Obligations - 13.8%
A&D Mortgage Trust
5.23%, 10/25/70 (a)(b)(g)
94,973
94,765
Angel Oak Mortgage Trust
4.96%, 09/25/70 (a)(c)(g)
91,466
90,949
Bank
3.18%, 09/15/60 (a)
155,005
152,430
4.41%, 11/15/61 (a)(c)
66,000
65,816
Cantor Commercial Real
Estate Lending
3.01%, 01/15/53 (a)
34,000
32,006
CD Mortgage Trust
2.91%, 08/15/57 (a)
63,000
59,313
Citigroup Commercial
Mortgage Trust
4.03%, 12/10/49 (a)(c)
31,273
30,035
Cross Mortgage Trust
4.93%, 09/25/70 (a)(c)(g)
92,788
92,157
GS Mortgage Securities Trust
2.75%, 09/10/52 (a)
105,000
99,149
3.05%, 11/10/52 (a)
56,000
53,097
4.14%, 03/10/51 (a)(c)
25,000
23,968
4.29%, 11/10/48 (a)(c)
25,000
21,920
JPMBB Commercial Mortgage
Securities Trust
4.49%, 11/15/48 (a)(c)
20,000
4,226
MASTR Alternative Loan Trust
5.00%, 08/25/18 (a)(d)(h)
718
2
OBX Trust
5.02%, 10/25/65 (a)(c)(g)
91,654
91,262
5.06%, 09/25/65 (a)(c)(g)
85,308
85,044
Verus Securitization Trust
4.94%, 10/27/70 (a)(c)(g)
94,882
94,325
 
1,090,464
Municipal Bonds and Notes - 0.2%
State of California, CA
4.60%, 04/01/38 (a)(i)
15,000
15,175
Total Bonds and Notes
(Cost $8,160,943)
7,690,021
Total Investments in
Securities
(Cost $8,160,943)
7,690,021
 
 
Number
of Shares
 
Short-Term Investment - 14.4%
State Street Institutional
U.S. Government Money
Market Fund - Class G
Shares 3.64% (j)(k)
(Cost $1,134,815)
1,134,815
1,134,815
Total Investments
(Cost $9,295,758)
8,824,836
Liabilities in Excess of
Other Assets, net -
(11.9)%
(935,154
)
NET ASSETS - 100.0%
$7,889,682
See Notes to Schedule of Investments.
 
State Street Income V.I.S. Fund
29
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Other Information:
 
Centrally Cleared Credit Default Swaps:
 
Reference Entity
Counterparty
Notional
Amount
(000s
omitted)
Contract
Annual
Fixed Rate/
Payment
Frequency
Termination
Date
Market
Value
Unamortized
Upfront
Payments
Received (Paid)
Unrealized
Appreciation
(Depreciation)
Buy Protection
 
Markit CDX North
America High Yield
Index
Intercontinental
Exchange
$1,600
1.00
%/
Quarterly
06/20/30
$(28,649
)
$(27,188
)
$(1,461
)
 
The Fund had the following long futures contracts open at March 31, 2026:
 
Description
Expiration
Date
Number of
Contracts
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
Ultra Long-Term U.S. Treasury Bond Futures
June 2026
1
$115,006
$116,563
$1,557
5 Yr. U.S. Treasury Notes Futures
June 2026
9
987,687
973,617
(14,070
)
 
 
$(12,513
)
 
The Fund had the following short futures contracts open at March 31, 2026:
 
Description
Expiration
Date
Number of
Contracts
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
10 Yr. U.S. Treasury Notes Futures
June 2026
1
$(113,030
)
$(111,047
)
$1,983
2 Yr. U.S. Treasury Notes Futures
June 2026
2
(417,968
)
(414,891
)
3,077
10 Yr. U.S. Treasury Ultra Futures
June 2026
2
(231,811
)
(227,031
)
4,780
 
 
$9,840
The views expressed in this document reflect our judgment as of the publication date and are subject to change at any time without notice. The securities cited may not be representative of the Fund’s future investments and should not be construed as a recommendation to purchase or sell a particular security. See the Fund’s summary prospectus and statutory prospectus for complete descriptions of investment objectives, policies, risks and permissible investments. 
(a)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for futures
contracts, swaps and/or TBAs.
(b)
Step coupon bond.
(c)
Variable Rate Security - Interest rate shown is rate in
effect at March 31, 2026. For securities based on a
published reference rate and spread, the reference
rate and spread are indicated in the description above.
(d)
Interest only security. These securities represent the
right to receive the monthly interest payments on an
underlying pool of mortgages. Payments of principal
on the pool reduce the value of the "interest only"
holding.
(e)
Settlement is on a delayed delivery or when-issued
basis with final maturity to be announced ("TBA") in the
future.
(f)
Principal only security. These securities represent the
right to receive the monthly principal payments on an
underlying pool of mortgages. No payments of interest
on the pool are passed through to the "principal only"
holder.
See Notes to Schedule of Investments.
 
30
State Street Income V.I.S. Fund
State Street Income V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
(g)
Pursuant to Rule 144A of the Securities Act of 1933,
as amended, these securities may be resold in
transactions exempt from registration, normally to
qualified institutional buyers. At March 31, 2026, these
securities amounted to $680,947 or 8.63% of the net
assets of the State Street Income V.I.S. Fund.
(h)
Security is in default.
(i)
Pre-refunded bonds are collateralized by U.S. Treasury
securities, which are held in escrow by a trustee and
are used to pay principal and interest on the
tax-exempt issue to retire the bonds at the earliest
refunding date.
(j)
Sponsored by SSGA Funds Management, Inc., the
Fund’s investment adviser and administrator, and an
affiliate of State Street Bank & Trust Co., the Fund’s
sub-administrator, custodian and accounting agent.
(k)
Coupon amount represents effective yield.
†
Percentages are based on net assets as of March 31,
2026.
 
Abbreviations:
CMT - Constant Maturity Treasury
REMICS - Real Estate Mortgage Investment Conduits
RFUCCT - Refinitiv USD IBOR Consumer Cash Fallbacks
Term
SOFR - Secured Overnight Financing Rate
STRIPS - Separate Trading of Registered Interest and
Principal of Security
TBA - To Be Announced
The following table presents the Fund’s investments measured at fair value on a recurring basis at March 31, 2026: 
Investments
Level 1
Level 2
Level 3
Total
Investments in Securities
U.S. Treasuries
$—
$2,619,227
$—
$2,619,227
Agency Mortgage Backed
—
2,034,747
—
2,034,747
Agency Collateralized Mortgage Obligations
—
97,755
—
97,755
Corporate Notes
—
1,832,653
—
1,832,653
Non-Agency Collateralized Mortgage Obligations
—
1,090,464
—
1,090,464
Municipal Bonds and Notes
—
15,175
—
15,175
Short-Term Investment
1,134,815
—
—
1,134,815
Total Investments in Securities
$1,134,815
$7,690,021
$—
$8,824,836
Other Financial Instruments
Credit Default Swap Contracts - Unrealized Depreciation
—
(1,461
)
—
(1,461
)
Long Futures Contracts - Unrealized Appreciation
1,557
—
—
1,557
Long Futures Contracts - Unrealized Depreciation
(14,070
)
—
—
(14,070
)
Short Futures Contracts - Unrealized Appreciation
9,840
—
—
9,840
Total Other Financial Instruments
$(2,673
)
$(1,461
)
$—
$(4,134
)
 
Affiliate Table
 
 
Number
of Shares
Held at
12/31/25
Value at
12/31/25
Cost of
Purchases
Proceeds
from
Shares
Sold
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Number of
Shares
Held at
3/31/26
Value at
3/31/26
Dividend
Income
State Street Institutional
U.S. Government Money Market
Fund - Class G Shares
1,295,005
$1,295,005
$1,068,561
$1,228,751
$—
$—
1,134,815
$1,134,815
$10,257
See Notes to Schedule of Investments.
 
State Street Income V.I.S. Fund
31
State Street Total Return V.I.S. Fund
Schedule of Investments 
March 31, 2026 (Unaudited)
 
 
Number
of Shares
Fair
Value
Domestic Equity - 40.3% †
Common Stock - 40.3%
Advertising - 0.0%*
Advantage Solutions, Inc. (a)
89
$1,881
Boston Omaha Corp., Class A
(a)
517
6,039
Emerald Holding, Inc.
546
2,462
Ibotta, Inc., Class A (a)
263
7,882
Magnite, Inc. (a)
3,321
39,453
National CineMedia, Inc.
1,575
4,804
Omnicom Group, Inc.
1,760
132,546
PubMatic, Inc., Class A (a)
996
8,147
Stagwell, Inc. (a)
2,555
16,071
TechTarget, Inc. (a)
793
3,077
Thryv Holdings, Inc. (a)
1,224
3,354
Trade Desk, Inc., Class A (a)
2,781
63,101
 
288,817
Aerospace & Defense - 1.0%
AAR Corp. (a)
936
102,455
AeroVironment, Inc. (a)
899
164,562
AerSale Corp. (a)
809
5,032
AIRO Group Holdings, Inc. (a)
241
1,833
Archer Aviation, Inc., Class A
(a)
14,460
74,758
Astronics Corp. (a)
730
48,713
ATI, Inc. (a)
732
106,477
Axon Enterprise, Inc. (a)
418
177,520
Beta Technologies, Inc.,
Class A (a)
790
11,613
Boeing Co. (a)
4,250
845,877
BWX Technologies, Inc.
500
102,245
Byrna Technologies, Inc. (a)
430
3,947
Cadre Holdings, Inc.
670
20,556
Carpenter Technology Corp.
300
118,245
Curtiss-Wright Corp.
195
132,818
Ducommun, Inc. (a)
327
39,894
Eve Holding, Inc. (a)
2,763
6,852
Firefly Aerospace, Inc. (a)
555
15,801
FTAI Aviation Ltd.
600
147,000
General Dynamics Corp.
1,407
482,910
General Electric Co.
5,846
1,658,919
HEICO Corp.
220
60,324
HEICO Corp., Class A
451
95,202
Hexcel Corp.
400
32,372
Howmet Aerospace, Inc.
2,215
510,469
Huntington Ingalls Industries,
Inc.
220
83,578
Intuitive Machines, Inc. (a)
2,594
48,145
Karman Holdings, Inc. (a)
300
24,015
Kratos Defense & Security
Solutions, Inc. (a)
4,299
303,122
L3Harris Technologies, Inc.
1,070
369,310
Leonardo DRS, Inc.
400
17,808
Loar Holdings, Inc. (a)
200
11,458
Lockheed Martin Corp.
1,164
703,510
Mercury Systems, Inc. (a)
1,293
94,273
Moog, Inc., Class A
669
195,776
National Presto Industries, Inc.
120
16,447
Northrop Grumman Corp.
734
500,764
Park Aerospace Corp.
434
11,883
Red Cat Holdings, Inc. (a)
2,418
31,652
Redwire Corp. (a)
2,520
21,420
Rocket Lab Corp. (a)
2,800
179,816
RTX Corp.
7,503
1,447,329
Satellogic, Inc., Class A (a)
2,059
11,201
 
Number
of Shares
Fair
Value
StandardAero, Inc. (a)
1,000
$25,830
Textron, Inc.
1,073
93,952
TransDigm Group, Inc.
309
358,119
V2X, Inc. (a)
630
43,155
Voyager Technologies, Inc.,
Class A (a)
1,138
26,618
VSE Corp.
645
118,938
Woodward, Inc.
300
107,376
York Space Systems, Inc. (a)
423
9,378
 
9,821,267
Agricultural & Farm Machinery - 0.1%
AGCO Corp.
423
49,013
Alamo Group, Inc.
245
40,418
CNH Industrial NV
5,000
55,000
Deere & Co.
1,355
763,271
Lindsay Corp.
257
30,601
Titan International, Inc. (a)
1,320
9,121
Toro Co.
568
53,074
 
1,000,498
Agricultural Products & Services - 0.0%*
Alico, Inc.
150
6,189
Archer-Daniels-Midland Co.
2,742
199,316
Bunge Global SA
717
91,202
Darling Ingredients, Inc. (a)
800
49,480
Fresh Del Monte Produce, Inc.
783
31,524
Ingredion, Inc.
344
38,755
Limoneira Co.
396
5,314
 
421,780
Air Freight & Logistics - 0.1%
CH Robinson Worldwide, Inc.
659
109,440
Expeditors International of
Washington, Inc.
791
113,295
FedEx Corp.
1,262
449,499
Forward Air Corp. (a)
517
8,639
GXO Logistics, Inc. (a)
573
29,710
Hub Group, Inc., Class A
1,422
51,249
Radiant Logistics, Inc. (a)
861
6,070
United Parcel Service, Inc.,
Class B
4,072
400,604
 
1,168,506
Airport Services - 0.0%*
Sky Harbour Group Corp. (a)
505
4,863
Alternative Carriers - 0.0%*
Anterix, Inc. (a)
253
9,662
AST SpaceMobile, Inc. (a)
1,300
107,731
Bandwidth, Inc., Class A (a)
741
13,205
Cogent Communications
Holdings, Inc.
1,143
21,534
Globalstar, Inc. (a)
1,196
79,438
Iridium Communications, Inc.
600
16,644
Lumen Technologies, Inc. (a)
22,669
157,550
 
405,764
Aluminum - 0.0%*
Alcoa Corp.
1,458
96,709
Century Aluminum Co. (a)
1,351
79,290
Constellium SE (a)
3,278
80,573
Kaiser Aluminum Corp.
382
46,035
Tredegar Corp. (a)
662
5,263
 
307,870
See Notes to Schedule of Investments.
 
32
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Apparel Retail - 0.2%
Abercrombie & Fitch Co.,
Class A (a)
1,078
$98,497
American Eagle Outfitters, Inc.
3,805
63,543
Boot Barn Holdings, Inc. (a)
737
107,867
Buckle, Inc.
747
37,619
Burlington Stores, Inc. (a)
353
114,859
Caleres, Inc.
894
9,423
Citi Trends, Inc. (a)
121
5,242
Designer Brands, Inc., Class A
787
4,478
Gap, Inc.
1,000
24,200
Genesco, Inc. (a)
236
6,842
J Jill, Inc.
179
2,051
Lands' End, Inc. (a)
219
2,461
RealReal, Inc. (a)
2,359
21,420
Revolve Group, Inc. (a)
948
21,434
Ross Stores, Inc.
1,775
384,518
Shoe Carnival, Inc.
400
6,236
Stitch Fix, Inc., Class A (a)
2,987
9,887
ThredUp, Inc., Class A (a)
2,696
8,843
TJX Cos., Inc.
6,313
1,008,186
Torrid Holdings, Inc. (a)
305
543
Urban Outfitters, Inc. (a)
1,552
98,319
Victoria's Secret & Co. (a)
1,655
76,726
Zumiez, Inc. (a)
310
6,870
 
2,120,064
Apparel, Accessories & Luxury Goods - 0.1%
Capri Holdings Ltd. (a)
2,764
48,702
Carter's, Inc.
837
29,931
Columbia Sportswear Co.
200
10,962
Figs, Inc., Class A (a)
2,088
30,840
G-III Apparel Group Ltd.
852
23,600
Kontoor Brands, Inc.
1,318
92,642
Lakeland Industries, Inc.
299
2,449
Lululemon Athletica, Inc. (a)
627
95,994
Movado Group, Inc.
337
8,230
Oxford Industries, Inc.
336
12,939
PVH Corp.
380
26,509
Ralph Lauren Corp.
200
68,798
Superior Group of Cos., Inc.
244
2,479
Tapestry, Inc.
1,174
165,663
Under Armour, Inc., Class C
(a)
2,000
11,580
VF Corp.
1,900
32,281
 
663,599
Application Software - 1.0%
8x8, Inc. (a)
3,261
5,413
ACI Worldwide, Inc. (a)
2,476
101,541
Adobe, Inc. (a)
2,309
561,272
Agilysys, Inc. (a)
614
43,680
Alarm.com Holdings, Inc. (a)
1,133
48,934
Alkami Technology, Inc. (a)
1,616
25,323
Amplitude, Inc., Class A (a)
2,132
14,540
Appfolio, Inc., Class A (a)
100
15,782
AppLovin Corp., Class A (a)
1,357
540,086
Asana, Inc., Class A (a)
1,994
12,762
Atlassian Corp., Class A (a)
896
61,152
AudioEye, Inc. (a)
175
1,115
Aurora Innovation, Inc. (a)
5,800
23,896
Autodesk, Inc. (a)
1,222
292,547
AvePoint, Inc. (a)
3,475
33,047
Bentley Systems, Inc., Class B
1,100
38,632
Bill Holdings, Inc. (a)
492
18,844
 
Number
of Shares
Fair
Value
Bit Digital, Inc. (a)
7,242
$9,487
Bitdeer Technologies Group,
Class A (a)
2,909
25,163
Blackbaud, Inc. (a)
908
35,058
BlackLine, Inc. (a)
1,181
43,697
Blend Labs, Inc., Class A (a)
4,688
7,970
Box, Inc., Class A (a)
3,357
79,359
Braze, Inc., Class A (a)
2,021
47,716
C3.ai, Inc., Class A (a)
2,955
24,881
Cadence Design Systems, Inc.
(a)
1,521
422,640
CCC Intelligent Solutions
Holdings, Inc. (a)
3,150
18,900
Cerence, Inc. (a)
1,081
6,821
Cipher Digital, Inc. (a)
7,769
99,987
Circle Internet Group, Inc. (a)
600
57,246
Cleanspark, Inc. (a)
6,006
51,111
Clear Secure, Inc., Class A
2,065
99,967
Clearwater Analytics Holdings,
Inc., Class A (a)
6,631
156,823
Consensus Cloud Solutions,
Inc. (a)
431
10,232
Core Scientific, Inc. (a)
6,947
103,927
CS Disco, Inc. (a)
613
2,342
Daily Journal Corp. (a)
29
13,988
Datadog, Inc., Class A (a)
1,786
210,837
Digimarc Corp. (a)
455
2,234
Digital Turbine, Inc. (a)
2,896
8,340
Docusign, Inc. (a)
1,289
61,111
Domo, Inc., Class B (a)
853
2,610
Dropbox, Inc., Class A (a)
750
17,040
Dynatrace, Inc. (a)
1,570
58,059
eGain Corp. (a)
496
3,913
Elastic NV (a)
600
29,994
EverCommerce, Inc. (a)
423
4,835
Expensify, Inc., Class A (a)
1,886
1,641
Fair Isaac Corp. (a)
120
128,105
Five9, Inc. (a)
1,826
27,700
Freshworks, Inc., Class A (a)
4,756
38,191
Guidewire Software, Inc. (a)
490
73,284
HubSpot, Inc. (a)
276
67,372
I3 Verticals, Inc., Class A (a)
529
11,828
Intapp, Inc. (a)
1,350
34,681
InterDigital, Inc.
616
186,032
Intuit, Inc.
1,553
671,486
Kaltura, Inc. (a)
2,236
2,728
Life360, Inc. (a)
478
19,512
LiveRamp Holdings, Inc. (a)
1,532
40,629
Manhattan Associates, Inc. (a)
331
44,063
MARA Holdings, Inc. (a)
8,872
72,395
Mitek Systems, Inc. (a)
1,057
14,269
NCR Voyix Corp. (a)
3,263
20,655
NextNav, Inc. (a)
2,240
35,885
Nutanix, Inc., Class A (a)
1,574
59,828
ON24, Inc. (a)
889
7,201
Ooma, Inc. (a)
561
8,163
Pagaya Technologies Ltd.,
Class A (a)
1,169
13,619
PagerDuty, Inc. (a)
2,059
12,786
Palantir Technologies, Inc.,
Class A (a)
12,299
1,799,098
PAR Technology Corp. (a)
929
12,384
Pegasystems, Inc.
700
29,792
Porch Group, Inc. (a)
1,999
14,333
Procore Technologies, Inc. (a)
600
34,200
PTC, Inc. (a)
648
92,333
Q2 Holdings, Inc. (a)
1,485
70,240
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
33
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Red Violet, Inc. (a)
268
$9,273
ReposiTrak, Inc.
343
2,607
Rezolve AI PLC (a)
5,129
13,130
Rimini Street, Inc. (a)
1,183
3,880
Riot Platforms, Inc. (a)
8,355
103,268
Roper Technologies, Inc.
605
214,085
Salesforce, Inc.
5,088
949,777
Samsara, Inc., Class A (a)
1,600
50,704
SEMrush Holdings, Inc.,
Class A (a)
1,173
14,006
SoundHound AI, Inc., Class A
(a)
8,946
61,459
SoundThinking, Inc. (a)
247
1,635
Sprinklr, Inc., Class A (a)
2,589
15,534
Sprout Social, Inc., Class A (a)
1,434
8,174
SPS Commerce, Inc. (a)
906
50,437
Strategy, Inc., Class A (a)
1,757
219,274
Synopsys, Inc. (a)
1,081
428,595
Terawulf, Inc. (a)
7,260
104,762
Trimble, Inc. (a)
1,232
80,363
Tyler Technologies, Inc. (a)
236
80,802
Unity Software, Inc. (a)
1,998
43,836
Vertex, Inc., Class A (a)
1,643
19,535
Via Transportation, Inc.,
Class A (a)
297
4,455
Viant Technology, Inc., Class A
(a)
465
5,208
Weave Communications, Inc.
(a)
1,567
7,239
WM Technology, Inc. (a)
2,760
1,817
Workday, Inc., Class A (a)
1,200
155,904
Workiva, Inc. (a)
1,200
71,556
Yext, Inc. (a)
2,313
8,882
Zeta Global Holdings Corp.,
Class A (a)
4,998
79,568
Zoom Communications, Inc.
(a)
1,474
118,495
 
10,127,547
Asset Management & Custody Banks - 0.4%
Acadian Asset Management,
Inc.
633
34,448
Affiliated Managers Group, Inc.
100
27,670
AlTi Global, Inc. (a)
1,058
3,830
Ameriprise Financial, Inc.
497
220,867
ARES Management Corp.,
Class A
1,012
110,409
Artisan Partners Asset
Management, Inc., Class A
1,489
54,185
Bank of New York Mellon
Corp.
3,886
460,996
Blackrock, Inc.
852
819,377
Blackstone, Inc.
4,182
480,888
Blue Owl Capital, Inc.
4,220
38,529
Carlyle Group, Inc.
1,651
79,892
Cohen & Steers, Inc.
657
41,095
Diamond Hill Investment
Group, Inc.
60
10,326
DigitalBridge Group, Inc.
4,221
65,088
Franklin Resources, Inc.
1,400
33,068
GCM Grosvenor, Inc., Class A
1,410
13,818
Hamilton Lane, Inc., Class A
300
29,820
Innventure, Inc. (a)
788
3,081
Invesco Ltd.
2,100
51,009
Janus Henderson Group PLC
700
35,959
KKR & Co., Inc.
3,729
344,932
Northern Trust Corp.
1,032
144,036
 
Number
of Shares
Fair
Value
Ridgepost Capital, Inc.,
Class A
1,388
$10,077
SEI Investments Co.
500
39,235
Silvercrest Asset Management
Group, Inc., Class A
236
3,172
State Street Corp. (b)
1,561
197,560
StepStone Group, Inc.,
Class A
1,665
79,454
T. Rowe Price Group, Inc.
1,157
104,292
TPG, Inc.
870
35,244
Victory Capital Holdings, Inc.,
Class A
1,056
69,147
Virtus Investment Partners,
Inc.
149
20,018
Wealthfront Corp. (a)
833
7,705
Westwood Holdings Group,
Inc.
244
4,019
WisdomTree, Inc.
2,938
42,777
 
3,716,023
Automobile Manufacturers - 0.7%
Faraday Future Intelligent
Electric, Inc. (a)
2,847
782
Ford Motor Co.
21,341
246,275
General Motors Co.
4,997
372,276
Lucid Group, Inc. (a)
1,020
9,721
Rivian Automotive, Inc.,
Class A (a)
4,880
73,444
Stellantis NV
11,607
83,626
Tesla, Inc. (a)
15,860
5,895,955
Thor Industries, Inc.
234
18,694
Winnebago Industries, Inc.
638
19,772
 
6,720,545
Automotive Parts & Equipment - 0.1%
Adient PLC (a)
1,930
39,005
Aptiv PLC (a)
1,291
89,647
BorgWarner, Inc.
1,286
69,778
Cooper-Standard Holdings,
Inc. (a)
402
11,204
Dana, Inc.
2,689
90,485
Dauch Corp. (a)
5,380
31,903
Dorman Products, Inc. (a)
658
68,669
Fox Factory Holding Corp. (a)
971
15,983
Gentex Corp.
1,058
23,117
Gentherm, Inc. (a)
710
19,724
Holley, Inc. (a)
1,888
5,796
LCI Industries
565
69,484
Lear Corp.
300
36,324
Motorcar Parts of America,
Inc. (a)
396
4,380
Patrick Industries, Inc.
777
86,301
Phinia, Inc.
907
62,075
QuantumScape Corp. (a)
2,200
14,036
Solid Power, Inc. (a)
3,492
10,476
Standard Motor Products, Inc.
490
17,023
Strattec Security Corp. (a)
96
7,521
Visteon Corp.
654
59,586
XPEL, Inc. (a)
594
26,290
 
858,807
Automotive Retail - 0.1%
Advance Auto Parts, Inc.
1,432
75,538
America's Car-Mart, Inc. (a)
186
2,368
Arko Corp.
1,689
9,391
Asbury Automotive Group, Inc.
(a)
464
90,670
AutoNation, Inc. (a)
182
35,537
See Notes to Schedule of Investments.
 
34
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
AutoZone, Inc. (a)
92
$310,756
Camping World Holdings, Inc.,
Class A
1,358
9,275
CarMax, Inc. (a)
900
37,422
Carvana Co. (a)
780
245,217
EVgo, Inc. (a)
3,502
6,024
Group 1 Automotive, Inc.
279
92,246
Lithia Motors, Inc.
120
29,966
Monro, Inc.
671
10,763
Murphy USA, Inc.
92
45,445
OneWater Marine, Inc.,
Class A (a)
362
3,421
O'Reilly Automotive, Inc. (a)
4,685
432,472
Penske Automotive Group, Inc.
70
10,466
Sonic Automotive, Inc.,
Class A
349
23,931
Valvoline, Inc. (a)
600
20,208
 
1,491,116
Biotechnology - 1.3%
4D Molecular Therapeutics,
Inc. (a)
1,096
10,204
AbbVie, Inc.
9,978
2,170,115
Abeona Therapeutics, Inc. (a)
1,089
4,879
Absci Corp. (a)
3,005
9,015
ACADIA Pharmaceuticals, Inc.
(a)
2,965
66,001
Actuate Therapeutics, Inc. (a)
337
923
ADMA Biologics, Inc. (a)
5,536
49,879
Aduro Biotech, Inc. (a)(c)**
4,580
—
Agios Pharmaceuticals, Inc.
(a)
1,334
45,129
Akebia Therapeutics, Inc. (a)
6,764
9,402
Akero Therapeutics, Inc. (a)
2,030
1,319
Aktis Oncology, Inc. (a)
488
8,730
Aldeyra Therapeutics, Inc. (a)
1,722
2,910
Alector, Inc. (a)
2,385
5,128
Alkermes PLC (a)
3,881
137,232
Allogene Therapeutics, Inc. (a)
3,701
9,030
Alnylam Pharmaceuticals, Inc.
(a)
727
240,542
Altimmune, Inc. (a)
2,223
6,847
Amgen, Inc.
3,008
1,058,365
Amicus Therapeutics, Inc. (a)
7,123
102,999
AnaptysBio, Inc. (a)
432
23,959
Anavex Life Sciences Corp. (a)
2,253
6,917
Anika Therapeutics, Inc. (a)
319
4,625
Annexon, Inc. (a)
3,132
17,351
Apellis Pharmaceuticals, Inc.
(a)
600
24,138
Apogee Therapeutics, Inc. (a)
1,057
88,968
Arbutus Biopharma Corp. (a)
3,492
15,714
Arcellx, Inc. (a)
912
104,716
Arcturus Therapeutics
Holdings, Inc. (a)
630
4,864
Arcus Biosciences, Inc. (a)
1,861
40,198
Arcutis Biotherapeutics, Inc.
(a)
2,620
61,727
Ardelyx, Inc. (a)
5,655
33,873
ArriVent Biopharma, Inc. (a)
682
15,734
Arrowhead Pharmaceuticals,
Inc. (a)
3,184
199,637
ARS Pharmaceuticals, Inc. (a)
1,401
11,250
Atrium Therapeutics, Inc. (a)
340
4,546
aTyr Pharma, Inc. (a)
3,332
2,599
Aura Biosciences, Inc. (a)
1,069
7,152
Avita Medical, Inc. (a)
420
1,554
Beam Therapeutics, Inc. (a)
2,274
54,189
 
Number
of Shares
Fair
Value
BeOne Medicines Ltd.,
Class H (a)
7,500
$168,265
Bicara Therapeutics, Inc. (a)
719
14,301
BioCryst Pharmaceuticals, Inc.
(a)
5,376
51,180
Biogen, Inc. (a)
792
145,197
Biohaven Ltd. (a)
2,792
23,620
BioMarin Pharmaceutical, Inc.
(a)
1,069
60,388
Bridgebio Pharma, Inc. (a)
3,770
279,960
Candel Therapeutics, Inc. (a)
1,066
5,223
Capricor Therapeutics, Inc. (a)
1,035
31,464
Cardiff Oncology, Inc. (a)
1,445
2,341
CareDx, Inc. (a)
1,216
21,110
Cartesian Therapeutics, Inc.
(a)
239
1,470
Catalyst Pharmaceuticals, Inc.
(a)
2,758
68,288
Celcuity, Inc. (a)
833
95,079
Celldex Therapeutics, Inc. (a)
1,552
49,229
CG oncology, Inc. (a)
1,405
95,090
Chinook Therapeutics, Inc.
(a)(c)**
2,824
—
Cogent Biosciences, Inc. (a)
3,328
128,095
Coherus Oncology, Inc. (a)
2,726
4,607
Compass Therapeutics, Inc.
(a)
3,020
15,976
Corvus Pharmaceuticals, Inc.
(a)
1,334
19,516
Cullinan Therapeutics, Inc. (a)
1,253
17,805
Cytokinetics, Inc. (a)
2,801
184,614
Day One Biopharmaceuticals,
Inc. (a)
1,833
39,300
Denali Therapeutics, Inc. (a)
3,383
64,954
Design Therapeutics, Inc. (a)
504
5,363
DiaMedica Therapeutics, Inc.
(a)
885
5,991
Dianthus Therapeutics, Inc. (a)
852
71,500
Disc Medicine, Inc. (a)
653
41,753
Dyne Therapeutics, Inc. (a)
3,166
57,400
Editas Medicine, Inc. (a)
2,530
6,249
Eledon Pharmaceuticals, Inc.
(a)
1,831
5,639
Emergent BioSolutions, Inc.
(a)
1,170
9,711
Enanta Pharmaceuticals, Inc.
(a)
648
8,184
Entrada Therapeutics, Inc. (a)
676
8,531
Erasca, Inc. (a)
4,506
72,907
Evommune, Inc. (a)
248
5,702
Exelixis, Inc. (a)
1,660
71,197
Fate Therapeutics, Inc. (a)
2,800
3,360
Foghorn Therapeutics, Inc. (a)
763
3,647
Geron Corp. (a)
12,644
18,840
Gilead Sciences, Inc.
6,967
970,991
Gossamer Bio, Inc. (a)
5,303
1,742
GRAIL, Inc. (a)
833
43,049
Greenwich Lifesciences, Inc.
(a)
151
3,627
Gyre Therapeutics, Inc. (a)
312
2,175
Halozyme Therapeutics, Inc.
(a)
700
45,241
Heron Therapeutics, Inc. (a)
3,827
3,062
Humacyte, Inc. (a)
3,888
2,359
Ideaya Biosciences, Inc. (a)
1,912
63,708
ImmunityBio, Inc. (a)
7,026
53,889
Immunome, Inc. (a)
2,425
53,035
Immunovant, Inc. (a)
1,936
48,090
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
35
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Incyte Corp. (a)
926
$87,155
Inhibikase Therapeutics, Inc.
(a)
2,039
3,426
Inhibrx Biosciences, Inc. (a)
208
13,984
Inmune Bio, Inc. (a)
404
457
Insmed, Inc. (a)
1,200
196,224
Intellia Therapeutics, Inc. (a)
2,423
31,063
Ionis Pharmaceuticals, Inc. (a)
900
67,581
Iovance Biotherapeutics, Inc.
(a)
7,247
25,437
Ironwood Pharmaceuticals,
Inc. (a)
3,653
12,822
Jade Biosciences, Inc.
757
10,636
Janux Therapeutics, Inc. (a)
1,018
14,150
KalVista Pharmaceuticals, Inc.
(a)
911
18,338
Keros Therapeutics, Inc. (a)
694
7,662
Kodiak Sciences, Inc. (a)
759
28,933
Korro Bio, Inc. (a)
245
2,773
Krystal Biotech, Inc. (a)
594
153,442
Kura Oncology, Inc. (a)
1,857
15,097
Kymera Therapeutics, Inc. (a)
1,350
112,441
Larimar Therapeutics, Inc. (a)
1,146
5,157
Legend Biotech Corp. ADR
(a)(d)
600
10,854
Lexeo Therapeutics, Inc. (a)
1,571
9,018
Madrigal Pharmaceuticals, Inc.
(a)
406
212,529
MannKind Corp. (a)
7,035
17,236
MapLight Therapeutics, Inc.
(a)
487
9,901
MeiraGTx Holdings PLC (a)
1,074
9,301
MiMedx Group, Inc. (a)
2,698
10,657
Mineralys Therapeutics, Inc.
(a)
1,100
29,799
Mirum Pharmaceuticals, Inc.
(a)
979
90,440
Moderna, Inc. (a)
2,008
102,006
Monopar Therapeutics, Inc. (a)
105
5,753
Monte Rosa Therapeutics, Inc.
(a)
1,437
23,639
Myriad Genetics, Inc. (a)
2,187
9,841
Natera, Inc. (a)
700
139,993
Neurocrine Biosciences, Inc.
(a)
600
79,044
Neurogene, Inc. (a)
289
5,826
Nkarta, Inc. (a)
1,447
3,053
Novavax, Inc. (a)
3,533
28,759
Nurix Therapeutics, Inc. (a)
2,366
36,673
Nuvalent, Inc., Class A (a)
1,198
122,735
Nuvectis Pharma, Inc. (a)
435
3,363
Olema Pharmaceuticals, Inc.
(a)
1,659
24,736
Organogenesis Holdings, Inc.
(a)
1,938
4,593
ORIC Pharmaceuticals, Inc.
(a)
1,541
19,524
Oruka Therapeutics, Inc. (a)
907
44,488
Palvella Therapeutics, Inc. (a)
169
21,066
Perspective Therapeutics, Inc.
(a)
1,476
6,155
Praxis Precision Medicines,
Inc. (a)
613
197,502
Precigen, Inc. (a)
4,127
15,971
Prime Medicine, Inc. (a)
2,212
7,698
Protagonist Therapeutics, Inc.
(a)
1,394
146,928
Protalix BioTherapeutics, Inc.
(a)
1,735
3,765
 
Number
of Shares
Fair
Value
Protara Therapeutics, Inc. (a)
1,107
$5,767
PTC Therapeutics, Inc. (a)
1,860
126,722
Puma Biotechnology, Inc. (a)
1,023
6,537
Recursion Pharmaceuticals,
Inc., Class A (a)
10,888
33,426
Regeneron Pharmaceuticals,
Inc.
555
428,815
REGENXBIO, Inc. (a)
1,123
9,411
Relay Therapeutics, Inc. (a)
3,316
32,994
Replimune Group, Inc. (a)
1,701
13,013
Revolution Medicines, Inc. (a)
1,000
97,250
Rezolute, Inc. (a)
2,259
6,890
Rhythm Pharmaceuticals, Inc.
(a)
1,267
110,191
Rigel Pharmaceuticals, Inc. (a)
400
10,816
Rocket Pharmaceuticals, Inc.
(a)
2,224
7,962
Roivant Sciences Ltd. (a)
2,500
69,250
Sana Biotechnology, Inc. (a)
3,766
10,846
Sarepta Therapeutics, Inc. (a)
500
10,880
Savara, Inc. (a)
3,278
17,898
Scholar Rock Holding Corp.
(a)
2,074
101,958
SELLAS Life Sciences Group,
Inc. (a)
4,082
17,267
Sionna Therapeutics, Inc. (a)
365
14,633
Soleno Therapeutics, Inc. (a)
1,106
37,029
Solid Biosciences, Inc. (a)
1,578
11,362
Spyre Therapeutics, Inc. (a)
1,641
82,772
Stoke Therapeutics, Inc. (a)
1,059
34,481
Summit Therapeutics, Inc. (a)
800
15,168
Syndax Pharmaceuticals, Inc.
(a)
2,018
47,140
Tango Therapeutics, Inc. (a)
2,518
52,677
Taysha Gene Therapies, Inc.
(a)
5,157
23,052
Tectonic Therapeutic, Inc. (a)
279
8,624
Tevogen Bio Holdings, Inc. (a)
18
81
TG Therapeutics, Inc. (a)
3,472
115,340
Tonix Pharmaceuticals Holding
Corp. (a)
300
4,125
Travere Therapeutics, Inc. (a)
1,960
58,232
TriSalus Life Sciences, Inc. (a)
666
2,664
Twist Bioscience Corp. (a)
1,426
67,764
Tyra Biosciences, Inc. (a)
603
23,095
Ultragenyx Pharmaceutical,
Inc. (a)
400
8,380
United Therapeutics Corp. (a)
231
136,978
Upstream Bio, Inc. (a)
779
7,011
UroGen Pharma Ltd. (a)
852
15,319
Vanda Pharmaceuticals, Inc.
(a)
1,250
8,637
Vaxcyte, Inc. (a)
2,951
171,483
Vera Therapeutics, Inc. (a)
1,469
59,098
Veracyte, Inc. (a)
1,867
60,136
Verastem, Inc. (a)
1,528
8,098
Vericel Corp. (a)
1,192
38,347
Vertex Pharmaceuticals, Inc.
(a)
1,419
633,640
Viking Therapeutics, Inc. (a)
800
26,032
Vir Biotechnology, Inc. (a)
2,065
18,502
Viridian Therapeutics, Inc. (a)
1,899
37,144
Voyager Therapeutics, Inc. (a)
1,164
4,493
Xencor, Inc. (a)
1,632
19,682
XOMA Royalty Corp. (a)
231
7,246
Zenas Biopharma, Inc. (a)
426
8,328
Zymeworks, Inc. (a)
1,171
29,322
 
13,210,006
See Notes to Schedule of Investments.
 
36
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Brewers - 0.0%*
Boston Beer Co., Inc., Class A
(a)
17
$3,917
Molson Coors Beverage Co.,
Class B
980
42,199
 
46,116
Broadcasting - 0.0%*
AMC Networks, Inc., Class A
(a)
732
4,970
Entravision Communications
Corp., Class A
1,509
4,482
EW Scripps Co., Class A (a)
1,644
6,116
Fox Corp., Class A
1,100
64,240
Fox Corp., Class B
800
42,480
Gray Media, Inc.
2,380
10,329
iHeartMedia, Inc., Class A (a)
3,261
9,522
Newsmax, Inc. (a)
1,128
5,888
Nexstar Media Group, Inc.
114
20,615
Sinclair, Inc.
918
11,879
 
180,521
Broadline Retail - 1.1%
Amazon.com, Inc. (a)
53,893
11,224,295
eBay, Inc.
2,628
239,201
Etsy, Inc. (a)
591
29,538
Groupon, Inc. (a)
677
8,056
Kohl's Corp.
2,581
33,295
Macy's, Inc.
1,400
25,326
Ollie's Bargain Outlet
Holdings, Inc. (a)
400
36,816
Savers Value Village, Inc. (a)
1,029
7,656
 
11,604,183
Building Products - 0.3%
A.O. Smith Corp.
706
46,554
AAON, Inc.
300
24,825
Advanced Drainage Systems,
Inc.
400
54,852
Allegion PLC
456
66,252
American Woodmark Corp. (a)
330
13,144
Apogee Enterprises, Inc.
490
16,435
Armstrong World Industries,
Inc.
200
32,960
AZZ, Inc.
710
88,842
Builders FirstSource, Inc. (a)
700
57,631
Carlisle Cos., Inc.
235
78,401
Carrier Global Corp.
4,352
245,061
CSW Industrials, Inc.
380
99,020
Fortune Brands Innovations,
Inc.
735
28,643
Gibraltar Industries, Inc. (a)
701
27,949
Griffon Corp.
915
66,502
Hayward Holdings, Inc. (a)
1,700
22,746
Insteel Industries, Inc.
429
14,419
Janus International Group, Inc.
(a)
3,142
16,181
JELD-WEN Holding, Inc. (a)
2,912
3,611
Johnson Controls International
PLC
3,465
453,742
Lennox International, Inc.
198
91,898
Masco Corp.
1,200
72,444
Masterbrand, Inc. (a)
2,982
24,780
Modine Manufacturing Co. (a)
1,246
270,021
Owens Corning
367
39,717
Quanex Building Products
Corp.
1,072
19,264
Resideo Technologies, Inc. (a)
3,091
104,198
 
Number
of Shares
Fair
Value
Simpson Manufacturing Co.,
Inc.
200
$34,324
Tecnoglass, Inc.
637
28,378
Trane Technologies PLC
1,266
527,593
Trex Co., Inc. (a)
596
21,706
UFP Industries, Inc.
1,394
128,415
Zurn Elkay Water Solutions
Corp.
3,573
160,213
 
2,980,721
Cable & Satellite - 0.1%
Cable One, Inc. (a)
122
11,128
Charter Communications, Inc.,
Class A (a)
493
106,429
EchoStar Corp., Class A (a)
3,223
377,316
Liberty Broadband Corp.,
Class C (a)
700
35,210
Optimum Communications,
Inc., Class A (a)
6,210
8,073
Sirius XM Holdings, Inc.
913
21,072
Versant Media Group, Inc. (a)
945
34,984
 
594,212
Cargo Ground Transportation - 0.1%
ArcBest Corp.
542
53,311
Covenant Logistics Group, Inc.
403
10,941
Heartland Express, Inc.
1,041
10,826
JB Hunt Transport Services,
Inc.
454
96,203
Knight-Swift Transportation
Holdings, Inc.
822
47,331
Landstar System, Inc.
244
39,116
Marten Transport Ltd.
1,351
17,739
Old Dominion Freight Line, Inc.
1,058
206,733
PAMT Corp. (a)
196
1,656
Proficient Auto Logistics, Inc.
(a)
600
4,068
RXO, Inc. (a)
3,869
56,565
Ryder System, Inc.
194
39,714
Saia, Inc. (a)
136
47,774
U-Haul Holding Co.
647
28,901
Universal Logistics Holdings,
Inc.
161
3,404
Werner Enterprises, Inc.
1,422
41,821
XPO, Inc. (a)
600
116,730
 
822,833
Casinos & Gaming - 0.1%
Accel Entertainment, Inc. (a)
1,172
12,787
Bally's Corp. (a)
263
2,535
Boyd Gaming Corp.
400
32,872
Brightstar Lottery PLC
2,475
31,532
Caesars Entertainment, Inc.
(a)
1,059
27,989
Churchill Downs, Inc.
390
35,034
DraftKings, Inc., Class A (a)
3,000
64,860
Flutter Entertainment PLC (a)
880
89,716
Golden Entertainment, Inc.
440
11,744
Inspired Entertainment, Inc. (a)
748
5,333
Las Vegas Sands Corp.
1,659
89,387
MGM Resorts International (a)
1,200
44,412
Monarch Casino & Resort, Inc.
300
28,680
Penn Entertainment, Inc. (a)
700
10,521
Red Rock Resorts, Inc.,
Class A
1,165
62,164
Rush Street Interactive, Inc. (a)
2,171
47,219
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
37
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Wynn Resorts Ltd.
370
$37,573
 
634,358
Coal & Consumable Fuels - 0.1%
Centrus Energy Corp., Class A
(a)
402
69,783
Core Natural Resources, Inc.
1,219
127,666
Energy Fuels, Inc. (a)
5,467
99,773
Lightbridge Corp. (a)
766
8,165
NACCO Industries, Inc.,
Class A
108
5,613
Peabody Energy Corp.
2,926
96,412
Uranium Energy Corp. (a)
11,343
153,130
XCF Global, Inc., Class A (a)
1,217
445
 
560,987
Commercial & Residential Mortgage Finance - 0.1%
Better Home & Finance
Holding Co. (a)
178
6,340
Enact Holdings, Inc.
662
27,016
Essent Group Ltd.
2,209
129,094
Federal Agricultural Mortgage
Corp., Class C
220
32,637
Finance of America Cos., Inc.,
Class A (a)
150
2,490
loanDepot, Inc., Class A (a)
2,727
3,872
Merchants Bancorp
607
26,046
MGIC Investment Corp.
1,200
31,500
NMI Holdings, Inc. (a)
1,827
68,531
Onity Group, Inc. (a)
175
6,872
PennyMac Financial Services,
Inc.
696
60,831
Radian Group, Inc.
3,245
107,345
Rocket Cos., Inc., Class A (a)
5,000
71,250
Security National Financial
Corp., Class A (a)
493
4,674
Velocity Financial, Inc. (a)
328
5,934
Walker & Dunlop, Inc.
780
34,616
Waterstone Financial, Inc.
361
6,509
 
625,557
Commercial Printing - 0.0%*
Deluxe Corp.
1,040
28,642
Ennis, Inc.
573
12,274
Quad/Graphics, Inc.
845
5,585
 
46,501
Commodity Chemicals - 0.1%
AdvanSix, Inc.
624
15,226
Cabot Corp.
1,241
93,460
Core Molding Technologies,
Inc. (a)
238
5,331
Dow, Inc.
3,836
159,769
Hawkins, Inc.
465
71,424
Koppers Holdings, Inc.
436
16,864
Kronos Worldwide, Inc.
453
2,976
LyondellBasell Industries NV,
Class A
1,434
115,523
Mativ Holdings, Inc.
1,228
10,684
Olin Corp.
490
14,568
PureCycle Technologies, Inc.
(a)
3,008
15,611
Tronox Holdings PLC
2,779
27,151
Westlake Corp.
200
23,364
 
571,951
 
Number
of Shares
Fair
Value
Communications Equipment - 0.4%
ADTRAN Holdings, Inc. (a)
1,719
$21,625
Applied Optoelectronics, Inc.
(a)
1,570
132,806
Arista Networks, Inc. (a)
5,816
714,089
Aviat Networks, Inc. (a)
278
6,286
BK Technologies Corp. (a)
68
5,075
Calix, Inc. (a)
1,438
70,448
Ciena Corp. (a)
779
302,431
Cisco Systems, Inc.
22,466
1,743,137
Clearfield, Inc. (a)
307
8,126
Digi International, Inc. (a)
863
41,597
Extreme Networks, Inc. (a)
3,129
47,185
F5, Inc. (a)
320
92,586
Harmonic, Inc. (a)
2,636
23,671
Inseego Corp. (a)
418
4,648
Lumentum Holdings, Inc. (a)
400
281,104
Motorola Solutions, Inc.
963
417,913
NETGEAR, Inc. (a)
625
13,650
NetScout Systems, Inc. (a)
1,661
52,803
Ribbon Communications, Inc.
(a)
2,228
4,723
Viasat, Inc. (a)
2,962
135,660
Viavi Solutions, Inc. (a)
5,480
182,374
Vistance Networks, Inc. (a)
5,217
94,949
 
4,396,886
Computer & Electronics Retail - 0.0%*
Best Buy Co., Inc.
1,218
78,196
GameStop Corp., Class A (a)
2,300
52,992
 
131,188
Construction & Engineering - 0.3%
AECOM
800
67,856
Ameresco, Inc., Class A (a)
747
19,049
API Group Corp. (a)
1,900
76,988
Arcosa, Inc.
1,163
123,441
Argan, Inc.
319
173,743
Bowman Consulting Group
Ltd. (a)
334
9,499
Cardinal Infrastructure Group,
Inc., Class A (a)
304
12,055
Centuri Holdings, Inc. (a)
2,094
61,166
Comfort Systems USA, Inc.
191
263,387
Concrete Pumping Holdings,
Inc. (a)
518
3,699
Construction Partners, Inc.,
Class A (a)
1,125
125,010
Dycom Industries, Inc. (a)
694
235,141
EMCOR Group, Inc.
244
180,148
Everus Construction Group,
Inc. (a)
275
32,467
Ferrovial SE
2,989
193,840
Fluor Corp. (a)
3,827
178,530
Granite Construction, Inc.
1,049
125,754
Great Lakes Dredge & Dock
Corp. (a)
1,560
26,520
IES Holdings, Inc. (a)
216
102,918
Legence Corp., Class A (a)
879
49,628
Limbach Holdings, Inc. (a)
247
19,278
MasTec, Inc. (a)
300
96,522
Matrix Service Co. (a)
644
7,393
MYR Group, Inc. (a)
369
104,176
NWPX Infrastructure, Inc. (a)
219
17,051
Orion Group Holdings, Inc. (a)
847
9,232
Primoris Services Corp.
1,286
183,949
Quanta Services, Inc.
835
458,432
See Notes to Schedule of Investments.
 
38
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Southland Holdings, Inc. (a)
505
$657
Sterling Infrastructure, Inc. (a)
709
288,754
Tutor Perini Corp.
1,063
82,053
Valmont Industries, Inc.
99
39,557
WillScot Holdings Corp.
1,340
23,262
 
3,391,155
Construction Machinery & Heavy Transportation
Equipment - 0.4%
Allison Transmission Holdings,
Inc.
480
56,189
Astec Industries, Inc.
539
29,020
Atmus Filtration Technologies,
Inc.
1,957
111,099
Blue Bird Corp. (a)
750
42,592
Caterpillar, Inc.
2,606
1,846,247
Cummins, Inc.
770
414,275
Douglas Dynamics, Inc.
530
22,308
Federal Signal Corp.
1,428
154,424
Greenbrier Cos., Inc.
715
37,645
Manitowoc Co., Inc. (a)
780
9,087
Microvast Holdings, Inc. (a)
4,726
7,089
Miller Industries, Inc.
263
11,980
Oshkosh Corp.
400
58,884
PACCAR, Inc.
2,785
321,667
Terex Corp.
2,664
157,442
Trinity Industries, Inc.
1,915
61,625
Wabash National Corp.
937
8,077
Westinghouse Air Brake
Technologies Corp.
931
232,666
 
3,582,316
Construction Materials - 0.1%
Buzzi SpA
391
19,705
CRH PLC
3,770
396,302
Eagle Materials, Inc.
200
37,890
Holcim AG
2,973
244,546
James Hardie Industries PLC
(a)
723
13,694
Knife River Corp. (a)
1,369
111,779
Martin Marietta Materials, Inc.
327
192,498
Smith-Midland Corp. (a)
110
3,578
U.S. Lime & Minerals, Inc.
255
33,306
Vulcan Materials Co.
766
208,582
 
1,261,880
Consumer Electronics - 0.0%*
Garmin Ltd.
874
202,777
Sonos, Inc. (a)
2,829
37,908
 
240,685
Consumer Finance - 0.3%
Ally Financial, Inc.
1,587
62,258
American Express Co.
2,997
906,533
Atlanticus Holdings Corp. (a)
116
6,086
Bread Financial Holdings, Inc.
1,093
81,855
Capital One Financial Corp.
3,379
616,431
Consumer Portfolio Services,
Inc. (a)
167
1,291
Credit Acceptance Corp. (a)
39
16,515
Dave, Inc. (a)
246
42,826
Encore Capital Group, Inc. (a)
532
37,304
Enova International, Inc. (a)
566
76,880
FirstCash Holdings, Inc.
942
177,096
Green Dot Corp., Class A (a)
1,230
13,801
Jefferson Capital, Inc.
528
10,153
 
Number
of Shares
Fair
Value
LendingClub Corp. (a)
2,680
$38,378
LendingTree, Inc. (a)
253
10,849
Medallion Financial Corp.
468
4,006
Navient Corp.
1,616
13,219
Nelnet, Inc., Class A
307
39,591
NerdWallet, Inc., Class A (a)
942
9,778
OneMain Holdings, Inc.
600
32,094
Oportun Financial Corp. (a)
987
4,550
OppFi, Inc.
637
4,911
PRA Group, Inc. (a)
898
15,715
PROG Holdings, Inc.
926
26,567
Regional Management Corp.
237
7,643
SLM Corp.
1,300
27,833
SoFi Technologies, Inc. (a)
6,800
107,984
Synchrony Financial
2,048
139,305
Upstart Holdings, Inc. (a)
2,027
51,992
World Acceptance Corp. (a)
56
7,562
 
2,591,006
Consumer Staples Merchandise Retail - 0.6%
BJ's Wholesale Club Holdings,
Inc. (a)
700
68,894
Costco Wholesale Corp.
2,489
2,480,114
Dollar General Corp.
1,237
146,869
Dollar Tree, Inc. (a)
1,126
123,308
PriceSmart, Inc.
613
92,257
Target Corp.
2,554
309,545
Walmart, Inc.
24,491
3,043,741
 
6,264,728
Copper - 0.0%*
Freeport-McMoRan, Inc.
7,938
466,596
Data Center REITs - 0.1%
Digital Realty Trust, Inc.
1,951
351,590
Equinix, Inc.
531
520,507
 
872,097
Data Processing & Outsourced Services - 0.0%*
Broadridge Financial
Solutions, Inc.
647
105,125
Conduent, Inc. (a)
3,346
4,283
CSG Systems International,
Inc.
660
52,760
ExlService Holdings, Inc. (a)
1,000
30,450
Genpact Ltd.
770
28,682
IBEX Holdings Ltd. (a)
238
6,383
Maximus, Inc.
1,296
83,074
SS&C Technologies Holdings,
Inc.
1,200
81,084
TTEC Holdings, Inc. (a)
439
1,098
Verra Mobility Corp. (a)
3,804
54,359
 
447,298
Distillers & Vintners - 0.0%*
Brown-Forman Corp., Class A
600
16,074
Brown-Forman Corp., Class B
735
19,433
Constellation Brands, Inc.,
Class A
798
119,700
MGP Ingredients, Inc.
335
6,161
 
161,368
Distributors - 0.0%*
Genuine Parts Co.
890
94,117
GigaCloud Technology, Inc.,
Class A (a)
573
26,003
Gold.com, Inc.
444
17,796
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
39
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
LKQ Corp.
1,446
$42,469
Pool Corp.
163
32,980
Weyco Group, Inc.
175
5,609
 
218,974
Diversified Banks - 1.0%
Bank of America Corp.
36,941
1,800,874
Citigroup, Inc.
9,790
1,110,284
Fifth Third Bancorp
5,092
236,574
First Citizens BancShares,
Inc., Class A
53
99,887
JPMorgan Chase & Co.
15,257
4,487,999
KeyCorp
5,551
111,298
PNC Financial Services
Group, Inc.
2,205
458,838
U.S. Bancorp
8,840
459,768
Wells Fargo & Co.
17,429
1,387,523
 
10,153,045
Diversified Chemicals - 0.0%*
Chemours Co.
3,585
78,978
Huntsman Corp.
1,211
16,118
LSB Industries, Inc. (a)
1,245
18,550
 
113,646
Diversified Financial Services - 0.1%
Alerus Financial Corp.
558
13,230
Apollo Global Management,
Inc.
2,334
260,054
Corebridge Financial, Inc.
1,901
45,358
Equitable Holdings, Inc.
1,800
66,798
Jackson Financial, Inc.,
Class A
1,606
169,786
NewtekOne, Inc.
645
7,063
Voya Financial, Inc.
500
34,160
 
596,449
Diversified Metals & Mining - 0.0%*
American Battery Technology
Co. (a)
3,235
9,026
Compass Minerals
International, Inc. (a)
745
17,396
Contango Silver & Gold, Inc.
(a)
500
9,375
Ferroglobe PLC (a)(c)(e)**
1,316
—
Ferroglobe PLC (e)
2,839
11,697
Idaho Strategic Resources,
Inc. (a)
326
10,471
Ivanhoe Electric, Inc. (a)
2,514
29,715
Materion Corp.
494
71,457
MP Materials Corp. (a)
800
38,608
NioCorp Developments Ltd. (a)
2,435
10,860
U.S. Antimony Corp. (a)
2,787
24,330
U.S. Gold Corp. (a)
352
5,347
USA Rare Earth, Inc. (a)
4,379
66,276
 
304,558
Diversified Real Estate Activities - 0.0%*
RMR Group, Inc., Class A
374
5,786
St. Joe Co.
907
56,960
Tejon Ranch Co. (a)
466
8,779
 
71,525
Diversified REITs - 0.0%*
AH Realty Trust, Inc.
1,901
10,456
Alpine Income Property Trust,
Inc.
315
5,670
 
Number
of Shares
Fair
Value
American Assets Trust, Inc.
1,216
$22,387
Broadstone Net Lease, Inc.
4,533
82,818
CTO Realty Growth, Inc.
745
13,775
Essential Properties Realty
Trust, Inc.
4,722
143,360
Gladstone Commercial Corp.
1,150
13,144
Global Net Lease, Inc.
4,697
43,964
Modiv Industrial, Inc.
301
4,310
NexPoint Diversified Real
Estate Trust
1,079
5,039
WP Carey, Inc.
1,211
82,300
 
427,223
Diversified Support Services - 0.1%
ACV Auctions, Inc., Class A (a)
3,911
16,583
Cintas Corp.
1,942
328,470
Copart, Inc. (a)
4,766
158,231
Healthcare Services Group,
Inc. (a)
1,662
30,830
Liquidity Services, Inc. (a)
538
16,447
OPENLANE, Inc. (a)
2,511
73,196
UniFirst Corp.
350
88,056
Vestis Corp. (a)
2,176
17,103
 
728,916
Education Services - 0.1%
American Public Education,
Inc. (a)
403
22,923
Bright Horizons Family
Solutions, Inc. (a)
291
23,900
Coursera, Inc. (a)
3,321
19,328
Covista, Inc. (a)
810
93,353
Duolingo, Inc. (a)
232
22,868
Graham Holdings Co., Class B
77
81,409
Grand Canyon Education, Inc.
(a)
200
34,006
KinderCare Learning Cos., Inc.
(a)
731
1,608
Laureate Education, Inc. (a)
3,041
105,949
Lincoln Educational Services
Corp. (a)
693
28,191
McGraw Hill, Inc. (a)
689
9,439
Nerdy, Inc. (a)
2,003
1,635
Perdoceo Education Corp.
1,557
57,936
Phoenix Education Partners,
Inc.
143
4,499
Strategic Education, Inc.
554
45,960
Stride, Inc. (a)
994
87,641
Udemy, Inc. (a)
2,241
10,353
Universal Technical Institute,
Inc. (a)
1,103
39,818
 
690,816
Electric Utilities - 0.6%
Alliant Energy Corp.
1,356
97,307
American Electric Power Co.,
Inc.
3,066
401,891
Constellation Energy Corp.
1,737
485,057
Duke Energy Corp.
4,479
586,480
Edison International
2,111
154,483
Entergy Corp.
2,548
286,293
Evergy, Inc.
1,187
97,239
Eversource Energy
2,184
151,307
Exelon Corp.
5,512
270,198
FirstEnergy Corp.
2,998
151,879
Genie Energy Ltd., Class B
499
7,056
Hawaiian Electric Industries,
Inc. (a)
3,888
57,698
See Notes to Schedule of Investments.
 
40
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
IDACORP, Inc.
300
$42,891
MGE Energy, Inc.
880
68,015
NextEra Energy, Inc.
11,738
1,090,225
NRG Energy, Inc.
1,161
169,669
OGE Energy Corp.
1,150
55,154
Oklo, Inc. (a)
2,900
143,811
Otter Tail Corp.
920
80,748
PG&E Corp.
12,080
212,246
Pinnacle West Capital Corp.
584
58,838
Portland General Electric Co.
2,715
143,271
PPL Corp.
4,260
162,732
Southern Co.
6,257
603,926
TXNM Energy, Inc.
2,415
141,181
Xcel Energy, Inc.
3,353
266,362
 
5,985,957
Electrical Components & Equipment - 0.5%
Acuity, Inc.
200
56,044
Allient, Inc.
335
19,795
American Superconductor
Corp. (a)
1,029
34,832
AMETEK, Inc.
1,307
280,169
Amprius Technologies, Inc. (a)
2,610
44,005
Array Technologies, Inc. (a)
3,557
25,717
Atkore, Inc.
799
47,069
Eaton Corp. PLC
2,198
786,159
Emerson Electric Co.
3,199
419,133
EnerSys
874
151,831
Enovix Corp. (a)
3,920
20,306
Eos Energy Enterprises, Inc.
(a)
7,329
36,352
Fluence Energy, Inc. (a)
1,491
20,516
Generac Holdings, Inc. (a)
298
58,208
Hubbell, Inc.
319
156,546
Hyliion Holdings Corp. (a)
2,944
5,182
KULR Technology Group, Inc.
(a)
1,021
2,420
LSI Industries, Inc.
657
12,220
Nextpower, Inc., Class A (a)
3,468
418,067
nVent Electric PLC
900
106,452
Plug Power, Inc. (a)
31,467
71,115
Powell Industries, Inc.
229
123,907
Preformed Line Products Co.
59
15,974
Regal Rexnord Corp.
367
68,724
Rockwell Automation, Inc.
645
231,478
Schneider Electric SE
3,208
871,041
Sensata Technologies Holding
PLC
1,000
35,220
Shoals Technologies Group,
Inc., Class A (a)
3,926
25,833
SKYX Platforms Corp. (a)
1,443
1,616
SunPower, Inc. (a)
2,039
2,590
Sunrun, Inc. (a)
5,327
72,234
Thermon Group Holdings, Inc.
(a)
776
39,110
Vertiv Holdings Co., Class A
2,093
524,464
Vicor Corp. (a)
550
88,550
 
4,872,879
Electronic Components - 0.2%
Amphenol Corp., Class A
6,848
865,245
Bel Fuse, Inc., Class A
38
6,848
Bel Fuse, Inc., Class B
247
48,901
Belden, Inc.
938
107,711
Coherent Corp. (a)
953
227,014
Corning, Inc.
4,387
596,500
 
Number
of Shares
Fair
Value
Knowles Corp. (a)
2,030
$52,130
Littelfuse, Inc.
150
50,903
M-Tron Industries, Inc. (a)
84
5,615
Rogers Corp. (a)
428
45,937
Vishay Intertechnology, Inc.
2,876
51,768
 
2,058,572
Electronic Equipment & Instruments - 0.2%
908 Devices, Inc. (a)
832
5,092
Advanced Energy Industries,
Inc.
896
289,148
Aeva Technologies, Inc. (a)
990
13,028
Arlo Technologies, Inc. (a)
2,344
33,355
Badger Meter, Inc.
710
108,169
Cognex Corp.
939
46,002
Crane NXT Co.
300
12,177
Daktronics, Inc. (a)
888
17,360
Evolv Technologies Holdings,
Inc. (a)
3,543
21,435
Frequency Electronics, Inc. (a)
145
6,418
Itron, Inc. (a)
1,087
97,428
Keysight Technologies, Inc. (a)
963
271,922
MicroVision, Inc. (a)
7,880
5,053
Mirion Technologies, Inc. (a)
5,742
106,744
Napco Security Technologies,
Inc.
815
32,103
nLight, Inc. (a)
1,104
62,950
Novanta, Inc. (a)
864
102,047
OSI Systems, Inc. (a)
374
99,301
Ouster, Inc. (a)
1,282
23,550
Powerfleet, Inc. NJ (a)
2,952
9,092
Ralliant Corp.
676
28,115
Teledyne Technologies, Inc. (a)
268
162,143
Vishay Precision Group, Inc.
(a)
284
12,331
Vontier Corp.
799
28,341
Vuzix Corp. (a)
1,979
4,571
Zebra Technologies Corp.,
Class A (a)
279
58,333
 
1,656,208
Electronic Manufacturing Services - 0.1%
Benchmark Electronics, Inc.
848
47,539
CTS Corp.
679
32,429
Flex Ltd. (a)
2,100
137,466
IPG Photonics Corp. (a)
100
11,459
Jabil, Inc.
614
163,097
Kimball Electronics, Inc. (a)
556
13,172
Methode Electronics, Inc.
1,018
5,619
Neonode, Inc. (a)
420
588
Plexus Corp. (a)
632
128,005
Sanmina Corp. (a)
1,254
162,568
TTM Technologies, Inc. (a)
2,433
237,023
 
938,965
Environmental & Facilities Services - 0.1%
ABM Industries, Inc.
1,451
55,893
BrightView Holdings, Inc. (a)
1,677
19,772
Casella Waste Systems, Inc.,
Class A (a)
1,507
119,565
Clean Harbors, Inc. (a)
300
86,019
Enviri Corp. (a)
1,791
35,140
GFL Environmental, Inc.
1,402
58,298
Mobile Infrastructure Corp. (a)
792
1,774
Montrose Environmental
Group, Inc. (a)
769
16,833
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
41
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Perma-Fix Environmental
Services, Inc. (a)
516
$5,516
Republic Services, Inc.
1,080
236,542
Rollins, Inc.
1,578
84,281
Tetra Tech, Inc.
1,750
52,710
Veralto Corp.
1,450
128,209
Waste Management, Inc.
2,089
480,031
 
1,380,583
Fertilizers & Agricultural Chemicals - 0.1%
American Vanguard Corp. (a)
730
1,818
CF Industries Holdings, Inc.
882
114,519
Corteva, Inc.
3,782
316,591
Intrepid Potash, Inc. (a)
282
12,061
Mosaic Co.
1,647
41,999
Scotts Miracle-Gro Co.
262
15,932
 
502,920
Financial Exchanges & Data - 0.3%
Bakkt, Inc. (a)
382
2,811
Cboe Global Markets, Inc.
558
156,837
CME Group, Inc.
2,002
591,291
Coinbase Global, Inc., Class A
(a)
1,240
216,516
Donnelley Financial Solutions,
Inc. (a)
602
28,378
FactSet Research Systems,
Inc.
236
51,210
Intercontinental Exchange, Inc.
3,143
494,331
MarketAxess Holdings, Inc.
222
36,626
MarketWise, Inc.
49
917
Miami International Holdings,
Inc. (a)
550
21,406
Moody's Corp.
855
372,994
Morningstar, Inc.
100
16,905
MSCI, Inc.
418
225,306
Nasdaq, Inc.
2,518
213,753
Open Lending Corp. (a)
3,050
3,812
S&P Global, Inc.
1,693
720,101
Tradeweb Markets, Inc.,
Class A
663
78,009
Value Line, Inc.
20
706
 
3,231,909
Food Distributors - 0.1%
Andersons, Inc.
777
55,773
Chefs' Warehouse, Inc. (a)
867
51,543
HF Foods Group, Inc. (a)
1,048
1,939
Performance Food Group Co.
(a)
900
77,094
Sysco Corp.
2,598
185,315
U.S. Foods Holding Corp. (a)
1,300
119,873
United Natural Foods, Inc. (a)
1,425
64,211
 
555,748
Food Retail - 0.1%
Albertsons Cos., Inc., Class A
2,300
39,192
Casey's General Stores, Inc.
219
159,401
Grocery Outlet Holding Corp.
(a)
2,168
15,284
Ingles Markets, Inc., Class A
344
30,922
Kroger Co.
3,209
232,203
Maplebear, Inc. (a)
1,200
44,952
Natural Grocers by Vitamin
Cottage, Inc.
340
8,789
Sprouts Farmers Market, Inc.
(a)
600
46,278
 
Number
of Shares
Fair
Value
Village Super Market, Inc.,
Class A
243
$10,262
Weis Markets, Inc.
319
21,817
 
609,100
Footwear - 0.1%
Crocs, Inc. (a)
300
24,906
Deckers Outdoor Corp. (a)
830
83,075
NIKE, Inc., Class B
6,431
339,686
Rocky Brands, Inc.
168
6,505
Steven Madden Ltd.
1,708
57,935
Wolverine World Wide, Inc.
1,898
30,975
 
543,082
Forest Products - 0.0%*
Louisiana-Pacific Corp.
300
21,825
Gas Utilities - 0.1%
Atmos Energy Corp.
934
172,528
Chesapeake Utilities Corp.
558
70,514
MDU Resources Group, Inc.
700
14,504
National Fuel Gas Co.
580
54,497
New Jersey Resources Corp.
2,421
132,961
Northwest Natural Holding Co.
976
51,943
ONE Gas, Inc.
1,435
123,597
RGC Resources, Inc.
238
5,248
Southwest Gas Holdings, Inc.
1,633
141,908
Spire, Inc.
1,398
126,575
UGI Corp.
1,300
47,346
 
941,621
Gold - 0.1%
Coeur Mining, Inc. (a)
24,200
454,234
Dakota Gold Corp. (a)
2,037
10,287
Newmont Corp.
6,157
666,495
Perpetua Resources Corp. (a)
2,025
56,943
Royal Gold, Inc.
463
117,829
 
1,305,788
Health Care REITs - 0.2%
Alexandria Real Estate
Equities, Inc.
1,092
50,691
American Healthcare REIT,
Inc.
4,248
200,336
CareTrust REIT, Inc.
5,343
195,821
Chiron Real Estate, Inc.
304
10,056
Community Healthcare Trust,
Inc.
708
11,250
Diversified Healthcare Trust
5,188
34,448
Healthcare Realty Trust, Inc.
1,600
27,184
Healthpeak Properties, Inc.
3,836
63,025
LTC Properties, Inc.
1,077
40,021
Medical Properties Trust, Inc.
3,500
16,205
National Health Investors, Inc.
1,124
90,887
Omega Healthcare Investors,
Inc.
1,536
67,308
Sabra Health Care REIT, Inc.
5,922
113,880
Sila Realty Trust, Inc.
1,312
31,068
Strawberry Fields REIT, Inc.
242
2,880
Universal Health Realty
Income Trust
306
12,384
Ventas, Inc.
2,603
212,873
Welltower, Inc.
3,894
769,883
 
1,950,200
Healthcare Distributors - 0.1%
Accendra Health, Inc. (a)
1,791
4,084
See Notes to Schedule of Investments.
 
42
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
AdaptHealth Corp. (a)
2,378
$28,298
Cardinal Health, Inc.
1,335
282,099
Cencora, Inc.
1,038
326,077
Henry Schein, Inc. (a)
552
40,682
McKesson Corp.
707
611,810
 
1,293,050
Healthcare Equipment - 0.7%
Abbott Laboratories
9,710
996,926
Accuray, Inc. (a)
2,707
1,051
Alphatec Holdings, Inc. (a)
2,772
30,159
AngioDynamics, Inc. (a)
891
10,131
Anteris Technologies Global
Corp. (a)
1,884
10,456
Artivion, Inc. (a)
995
36,437
AtriCure, Inc. (a)
1,141
32,553
Axogen, Inc. (a)
1,046
34,654
Baxter International, Inc.
3,217
54,046
Becton Dickinson & Co.
1,635
257,071
Beta Bionics, Inc. (a)
925
9,269
Boston Scientific Corp. (a)
8,179
513,232
Butterfly Network, Inc. (a)
4,526
18,285
CapsoVision, Inc. (a)
662
4,826
Carlsmed, Inc. (a)
234
2,118
Ceribell, Inc. (a)
601
11,016
ClearPoint Neuro, Inc. (a)
693
6,306
CONMED Corp.
733
25,919
CVRx, Inc. (a)
436
4,125
Delcath Systems, Inc. (a)
741
6,876
Dexcom, Inc. (a)
2,180
136,904
Edwards Lifesciences Corp.
(a)
3,151
252,332
Electromed, Inc. (a)
161
3,769
Enovis Corp. (a)
1,347
30,644
Envista Holdings Corp. (a)
1,100
27,907
GE HealthCare Technologies,
Inc.
2,629
187,132
Glaukos Corp. (a)
1,340
144,264
Globus Medical, Inc., Class A
(a)
680
58,589
Hologic, Inc. (a)
1,300
98,267
IDEXX Laboratories, Inc. (a)
452
253,974
Inogen, Inc. (a)
743
4,592
Inspire Medical Systems, Inc.
(a)
165
8,511
Insulet Corp. (a)
388
81,418
Integer Holdings Corp. (a)
822
72,336
Integra LifeSciences Holdings
Corp. (a)
1,542
14,526
Intuitive Surgical, Inc. (a)
1,985
915,065
iRadimed Corp.
189
18,193
IRhythm Holdings, Inc. (a)
762
89,931
Kestra Medical Technologies
Ltd. (a)
566
11,280
KORU Medical Systems, Inc.
(a)
1,026
4,432
LeMaitre Vascular, Inc.
496
54,148
LENSAR, Inc. (a)
308
1,836
LivaNova PLC (a)
1,302
82,755
Lucid Diagnostics, Inc. (a)
2,755
3,168
Masimo Corp. (a)
276
49,092
Medtronic PLC
7,151
619,634
Myomo, Inc. (a)
1,721
1,163
Neuronetics, Inc. (a)
1,175
1,704
NeuroPace, Inc. (a)
605
7,956
Novocure Ltd. (a)
2,396
26,116
Omnicell, Inc. (a)
1,083
36,151
 
Number
of Shares
Fair
Value
Orthofix Medical, Inc. (a)
931
$10,679
Outset Medical, Inc. (a)
567
2,177
Penumbra, Inc. (a)
220
72,241
PROCEPT BioRobotics Corp.
(a)
1,255
31,388
Pro-Dex, Inc. (a)
73
3,586
Pulmonx Corp. (a)
654
844
Pulse Biosciences, Inc. (a)
388
8,377
QuidelOrtho Corp. (a)
1,599
26,272
ResMed, Inc.
789
177,115
SANUWAVE Health, Inc. (a)
215
3,717
Shoulder Innovations, Inc. (a)
164
2,383
SI-BONE, Inc. (a)
915
11,556
Sight Sciences, Inc. (a)
1,203
4,535
Stereotaxis, Inc. (a)
1,739
3,200
STERIS PLC
560
123,833
Strive, Inc., Class A (a)
1,238
12,405
Stryker Corp.
1,933
635,164
Tactile Systems Technology,
Inc. (a)
507
13,248
Tandem Diabetes Care, Inc.
(a)
1,601
30,691
Teleflex, Inc.
310
37,079
TransMedics Group, Inc. (a)
804
79,926
Treace Medical Concepts, Inc.
(a)
1,530
2,050
Varex Imaging Corp. (a)
992
10,525
Zimmer Biomet Holdings, Inc.
1,096
99,100
 
6,765,336
Healthcare Facilities - 0.1%
Ardent Health, Inc. (a)
551
4,717
Brookdale Senior Living, Inc.
(a)
5,553
75,965
Community Health Systems,
Inc. (a)
3,400
9,996
Concentra Group Holdings
Parent, Inc.
2,783
59,695
Encompass Health Corp.
600
58,038
Ensign Group, Inc.
1,335
269,003
HCA Healthcare, Inc.
913
432,068
Joint Corp. (a)
313
2,770
National HealthCare Corp.
302
48,229
Nutex Health, Inc. (a)
95
9,029
Oncology Institute, Inc. (a)
1,910
5,864
PACS Group, Inc. (a)
1,041
33,437
Select Medical Holdings Corp.
2,545
41,458
Sonida Senior Living, Inc. (a)
148
4,773
Surgery Partners, Inc. (a)
1,811
21,587
Tenet Healthcare Corp. (a)
500
94,355
U.S. Physical Therapy, Inc.
354
26,536
Universal Health Services,
Inc., Class B
320
57,270
 
1,254,790
Healthcare Services - 0.2%
Addus HomeCare Corp. (a)
430
40,270
agilon health, Inc. (a)
309
2,444
AirSculpt Technologies, Inc. (a)
496
1,404
AMN Healthcare Services, Inc.
(a)
891
16,341
Astrana Health, Inc. (a)
954
23,392
Aveanna Healthcare Holdings,
Inc. (a)
1,298
8,359
BrightSpring Health Services,
Inc. (a)
3,090
131,665
Castle Biosciences, Inc. (a)
658
16,154
Chemed Corp.
98
37,019
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
43
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Cigna Group
1,520
$405,460
CorVel Corp. (a)
688
37,599
Cross Country Healthcare, Inc.
(a)
680
6,392
CVS Health Corp.
7,039
505,541
DaVita, Inc. (a)
187
28,740
DocGo, Inc. (a)
3,969
2,497
Enhabit, Inc. (a)
1,177
16,584
Fulgent Genetics, Inc. (a)
575
9,143
GeneDx Holdings Corp. (a)
449
28,835
Guardant Health, Inc. (a)
2,918
269,536
Guardian Pharmacy Services,
Inc., Class A (a)
522
19,659
Hims & Hers Health, Inc. (a)
4,894
101,599
Innovage Holding Corp. (a)
473
3,794
Labcorp Holdings, Inc.
507
135,273
LifeStance Health Group, Inc.
(a)
3,901
24,849
Lumexa Imaging Holdings, Inc.
(a)
602
5,177
National Research Corp.
299
5,077
NeoGenomics, Inc. (a)
3,027
22,460
Omada Health, Inc. (a)
790
9,930
OPKO Health, Inc. (a)
9,774
11,142
Option Care Health, Inc. (a)
3,824
102,942
Pediatrix Medical Group, Inc.
(a)
2,049
43,828
Pennant Group, Inc. (a)
794
24,201
Privia Health Group, Inc. (a)
2,772
57,020
Quest Diagnostics, Inc.
629
123,271
RadNet, Inc. (a)
1,634
91,324
Strata Critical Medical, Inc. (a)
1,645
6,876
Talkspace, Inc. (a)
3,321
17,186
Viemed Healthcare, Inc. (a)
796
7,331
 
2,400,314
Healthcare Supplies - 0.1%
Acme United Corp.
107
4,805
Alcon AG
2,910
218,886
Align Technology, Inc. (a)
349
59,829
Avanos Medical, Inc. (a)
1,064
14,907
Bioventus, Inc., Class A (a)
1,227
11,203
Cerus Corp. (a)
4,092
7,447
Cooper Cos., Inc. (a)
1,020
72,930
Dentsply Sirona, Inc.
1,667
19,337
Embecta Corp.
1,333
11,784
Haemonetics Corp. (a)
1,116
62,898
ICU Medical, Inc. (a)
577
74,520
Lantheus Holdings, Inc. (a)
1,553
117,795
Medline, Inc., Class A (a)
1,800
80,100
Merit Medical Systems, Inc. (a)
1,399
96,433
Neogen Corp. (a)
5,199
48,299
OraSure Technologies, Inc. (a)
1,653
4,959
OrthoPediatrics Corp. (a)
402
6,380
RxSight, Inc. (a)
952
5,864
Sanara Medtech, Inc. (a)
119
2,044
Solventum Corp. (a)
748
48,844
STAAR Surgical Co. (a)
815
15,241
UFP Technologies, Inc. (a)
178
34,461
Utah Medical Products, Inc.
71
4,401
 
1,023,367
Healthcare Technology - 0.0%*
Certara, Inc. (a)
500
2,850
Claritev Corp. (a)
197
3,219
Definitive Healthcare Corp. (a)
1,406
1,729
 
Number
of Shares
Fair
Value
Doximity, Inc., Class A (a)
900
$20,970
Evolent Health, Inc., Class A
(a)
2,650
6,042
Health Catalyst, Inc. (a)
2,469
3,136
HealthStream, Inc.
540
11,183
HeartFlow, Inc. (a)
438
10,657
LifeMD, Inc. (a)
944
3,408
OptimizeRx Corp. (a)
393
2,468
Phreesia, Inc. (a)
1,319
11,053
Schrodinger, Inc. (a)
1,300
14,768
Simulations Plus, Inc. (a)
397
4,693
Teladoc Health, Inc. (a)
4,145
22,590
TruBridge, Inc. (a)
300
4,392
Veeva Systems, Inc., Class A
(a)
809
142,109
Waystar Holding Corp. (a)
2,626
63,313
 
328,580
Heavy Electrical Equipment - 0.2%
Bloom Energy Corp., Class A
(a)
5,196
704,006
GE Vernova, Inc.
1,537
1,341,647
NANO Nuclear Energy, Inc. (a)
936
19,169
Net Power, Inc. (a)
898
1,401
NuScale Power Corp. (a)
3,781
40,986
Power Solutions International,
Inc. (a)
203
12,359
 
2,119,568
Home Building - 0.2%
Beazer Homes USA, Inc. (a)
633
12,179
Cavco Industries, Inc. (a)
186
90,078
Century Communities, Inc.
617
35,403
Champion Homes, Inc. (a)
1,328
98,763
DR Horton, Inc.
1,440
197,597
Dream Finders Homes, Inc.,
Class A (a)
701
9,758
Green Brick Partners, Inc. (a)
742
47,822
Hovnanian Enterprises, Inc.,
Class A (a)
110
12,200
Installed Building Products,
Inc.
551
146,098
KB Home
1,464
75,762
Legacy Housing Corp. (a)
203
4,147
Lennar Corp., Class A
1,201
104,295
LGI Homes, Inc. (a)
478
18,895
M/I Homes, Inc. (a)
623
76,286
Meritage Homes Corp.
1,603
99,130
NVR, Inc. (a)
18
118,617
PulteGroup, Inc.
1,098
129,136
Taylor Morrison Home Corp.
(a)
2,302
134,068
Toll Brothers, Inc.
515
70,282
TopBuild Corp. (a)
170
59,721
Tri Pointe Homes, Inc. (a)
2,027
94,722
 
1,634,959
Home Furnishing Retail - 0.0%*
Arhaus, Inc.
1,216
8,245
Bed Bath & Beyond, Inc. (a)
1,845
8,561
Haverty Furniture Cos., Inc.
340
7,201
RH (a)
70
9,787
Sleep Number Corp. (a)
428
768
Wayfair, Inc., Class A (a)
600
45,126
Williams-Sonoma, Inc.
600
109,398
 
189,086
See Notes to Schedule of Investments.
 
44
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Home Furnishings - 0.0%*
Bassett Furniture Industries,
Inc.
266
$3,764
Ethan Allen Interiors, Inc.
552
12,288
Flexsteel Industries, Inc.
84
3,775
La-Z-Boy, Inc.
979
31,465
Leggett & Platt, Inc.
3,147
31,092
Lovesac Co. (a)
325
4,800
Mohawk Industries, Inc. (a)
300
29,538
Somnigroup International, Inc.
1,300
96,096
 
212,818
Home Improvement Retail - 0.3%
Floor & Decor Holdings, Inc.,
Class A (a)
700
35,560
Home Depot, Inc.
5,602
1,842,442
Lowe's Cos., Inc.
3,143
742,628
 
2,620,630
Hotel & Resort REITs - 0.0%*
Apple Hospitality REIT, Inc.
5,337
61,429
Braemar Hotels & Resorts,
Inc.
1,647
3,887
Chatham Lodging Trust
1,207
9,499
DiamondRock Hospitality Co.
4,894
45,857
Host Hotels & Resorts, Inc.
4,046
77,521
Park Hotels & Resorts, Inc.
1,200
12,636
Pebblebrook Hotel Trust
2,777
35,073
RLJ Lodging Trust
2,947
21,867
Ryman Hospitality Properties,
Inc.
1,481
136,652
Service Properties Trust
3,410
4,621
Summit Hotel Properties, Inc.
2,410
10,652
Sunstone Hotel Investors, Inc.
4,307
38,806
Xenia Hotels & Resorts, Inc.
2,242
33,249
 
491,749
Hotels, Resorts & Cruise Lines - 0.3%
Airbnb, Inc., Class A (a)
2,290
289,181
Booking Holdings, Inc.
183
770,489
Carnival Corp.
6,649
172,076
Choice Hotels International,
Inc.
190
19,665
Expedia Group, Inc.
678
156,543
Global Business Travel Group I
(a)
3,020
16,852
Hilton Grand Vacations, Inc.
(a)
1,449
56,685
Hilton Worldwide Holdings, Inc.
1,246
378,884
Hyatt Hotels Corp., Class A
200
28,758
InterContinental Hotels Group
PLC
834
109,984
Lindblad Expeditions Holdings,
Inc. (a)
867
14,999
Marriott International, Inc.,
Class A
1,253
409,819
Marriott Vacations Worldwide
Corp.
661
43,044
Navan, Inc., Class A (a)
888
11,757
Norwegian Cruise Line
Holdings Ltd. (a)
2,720
50,864
Royal Caribbean Cruises Ltd.
1,450
399,011
Sabre Corp. (a)
8,481
12,297
Target Hospitality Corp. (a)
837
7,767
Travel & Leisure Co.
300
20,757
Viking Holdings Ltd. (a)
900
66,132
 
Number
of Shares
Fair
Value
Wyndham Hotels & Resorts,
Inc.
400
$32,492
 
3,068,056
Household Appliances - 0.0%*
Cricut, Inc., Class A
1,128
4,219
Hamilton Beach Brands
Holding Co., Class A
226
4,283
Helen of Troy Ltd. (a)
544
7,844
SharkNinja, Inc. (a)
500
52,950
Traeger, Inc. (a)
15
435
Whirlpool Corp.
258
13,911
 
83,642
Household Products - 0.3%
Central Garden & Pet Co. (a)
217
7,979
Central Garden & Pet Co.,
Class A (a)
1,195
38,742
Church & Dwight Co., Inc.
1,318
122,996
Clorox Co.
747
77,412
Colgate-Palmolive Co.
4,565
389,075
Energizer Holdings, Inc.
1,472
24,170
Kimberly-Clark Corp.
1,788
172,488
Oil-Dri Corp. of America
228
14,841
Procter & Gamble Co.
13,177
1,903,286
Spectrum Brands Holdings,
Inc.
537
39,577
WD-40 Co.
325
66,280
 
2,856,846
Housewares & Specialties - 0.0%*
Newell Brands, Inc.
1,870
6,414
Human Resource & Employment Services - 0.1%
Alight, Inc., Class A
12,706
7,404
Asure Software, Inc. (a)
651
5,599
Automatic Data Processing,
Inc.
2,239
454,920
Barrett Business Services, Inc.
575
16,779
First Advantage Corp. (a)
1,848
21,732
HireQuest, Inc.
187
1,866
Insperity, Inc.
836
22,605
Kelly Services, Inc., Class A
762
6,744
Kforce, Inc.
415
12,135
Korn Ferry
1,252
78,813
ManpowerGroup, Inc.
279
8,219
Paychex, Inc.
1,718
158,262
Paycom Software, Inc.
325
39,500
Paylocity Holding Corp. (a)
290
31,332
Robert Half, Inc.
575
14,605
Skillsoft Corp. (a)
231
991
TriNet Group, Inc.
702
25,574
TrueBlue, Inc. (a)
887
3,468
Upwork, Inc. (a)
2,909
31,883
 
942,431
Independent Power Producers & Energy Traders - 0.0%*
AES Corp.
3,600
50,724
Hallador Energy Co. (a)
711
11,575
Talen Energy Corp. (a)
260
83,000
Vistra Corp.
1,880
282,620
 
427,919
Industrial Conglomerates - 0.1%
3M Co.
2,972
431,623
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
45
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Honeywell International, Inc.
3,524
$796,530
 
1,228,153
Industrial Gases - 0.2%
Air Products & Chemicals, Inc.
1,256
364,855
Linde PLC
2,639
1,308,311
 
1,673,166
Industrial Machinery & Supplies & Components - 0.5%
3D Systems Corp. (a)
3,121
5,867
AirJoule Technologies Corp.
(a)
726
1,822
Albany International Corp.,
Class A
699
36,495
Alliance Laundry Holdings, Inc.
(a)
1,020
21,155
CECO Environmental Corp. (a)
697
41,527
Chart Industries, Inc. (a)
1,075
222,256
Columbus McKinnon Corp.
673
9,779
Crane Co.
300
51,300
Donaldson Co., Inc.
700
59,409
Dover Corp.
764
159,256
Eastern Co.
123
2,490
Energy Recovery, Inc. (a)
1,179
11,873
Enerpac Tool Group Corp.
1,261
45,989
Enpro, Inc.
506
126,829
Esab Corp.
333
32,188
ESCO Technologies, Inc.
618
173,887
Flowserve Corp.
700
51,457
Fortive Corp.
1,630
90,106
Franklin Electric Co., Inc.
927
85,442
Gates Industrial Corp. PLC (a)
1,600
36,176
Gencor Industries, Inc. (a)
296
4,440
Gorman-Rupp Co.
494
30,692
Graco, Inc.
839
71,021
Graham Corp. (a)
242
19,099
Helios Technologies, Inc.
788
50,991
Hillman Solutions Corp. (a)
4,684
38,971
Hyster-Yale, Inc.
264
8,583
IDEX Corp.
447
84,729
Illinois Tool Works, Inc.
1,592
414,382
Ingersoll Rand, Inc.
2,301
184,356
ITT, Inc.
500
95,265
JBT Marel Corp.
1,242
158,815
Kadant, Inc.
282
82,443
Kennametal, Inc.
1,817
65,648
L.B. Foster Co., Class A (a)
262
7,310
Lincoln Electric Holdings, Inc.
300
74,724
Mayville Engineering Co., Inc.
(a)
365
6,552
Middleby Corp. (a)
310
41,100
Mueller Industries, Inc.
500
55,400
Mueller Water Products, Inc.,
Class A
3,733
102,620
Nordson Corp.
235
62,524
Omega Flex, Inc.
90
2,794
Otis Worldwide Corp.
2,194
169,113
Palladyne AI Corp. (a)
772
4,686
Parker-Hannifin Corp.
700
626,668
Park-Ohio Holdings Corp.
283
6,803
Pentair PLC
880
76,657
Proto Labs, Inc. (a)
561
31,988
RBC Bearings, Inc. (a)
190
103,193
Richtech Robotics, Inc.,
Class B (a)
4,416
9,229
Snap-on, Inc.
275
99,885
 
Number
of Shares
Fair
Value
SPX Technologies, Inc. (a)
1,146
$229,131
Standex International Corp.
287
73,145
Stanley Black & Decker, Inc.
987
70,136
Tennant Co.
433
28,751
Timken Co.
300
30,171
Watts Water Technologies,
Inc., Class A
653
189,559
Worthington Enterprises, Inc.
744
38,792
Xylem, Inc.
1,433
171,243
 
4,886,912
Industrial REITs - 0.1%
Americold Realty Trust, Inc.
1,300
14,898
EastGroup Properties, Inc.
300
55,527
First Industrial Realty Trust,
Inc.
700
40,495
Industrial Logistics Properties
Trust
1,175
6,674
Innovative Industrial
Properties, Inc.
656
32,905
Lineage, Inc.
300
9,828
LXP Industrial Trust
1,390
64,301
One Liberty Properties, Inc.
436
9,357
Prologis, Inc.
5,213
689,054
Rexford Industrial Realty, Inc.
1,148
37,574
STAG Industrial, Inc.
1,200
43,272
Terreno Realty Corp.
2,431
149,312
 
1,153,197
Insurance Brokers - 0.2%
Abacus Global Management,
Inc.
1,067
8,408
Aon PLC, Class A
1,164
375,716
Arthur J Gallagher & Co.
1,417
306,894
Baldwin Insurance Group, Inc.
(a)
2,274
49,892
Brown & Brown, Inc.
1,590
103,684
Crawford & Co., Class A
462
4,606
eHealth, Inc. (a)
939
1,211
GoHealth, Inc., Class A (a)
137
207
Goosehead Insurance, Inc.,
Class A (a)
557
23,762
Hippo Holdings, Inc. (a)
425
11,075
Marsh & McLennan Cos., Inc.
2,707
469,529
Ryan Specialty Holdings, Inc.
800
26,992
Selectquote, Inc. (a)
4,162
2,620
Willis Towers Watson PLC
542
157,559
 
1,542,155
Integrated Oil & Gas - 0.9%
BP PLC
92,072
717,961
Chevron Corp.
10,566
2,186,106
Exxon Mobil Corp. (d)
23,782
4,034,854
Occidental Petroleum Corp.
4,099
266,435
Shell PLC
33,369
1,539,764
 
8,745,120
Integrated Telecommunication Services - 0.3%
AT&T, Inc.
38,860
1,126,551
ATN International, Inc.
271
7,377
Comcast Corp., Class A
20,243
581,176
GCI Liberty, Inc., Class C (a)
194
7,219
IDT Corp., Class B
378
18,560
Shenandoah
Telecommunications Co.
1,176
18,134
Uniti Group, Inc.
3,938
36,938
See Notes to Schedule of Investments.
 
46
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Verizon Communications, Inc.
23,814
$1,195,463
 
2,991,418
Interactive Home Entertainment - 0.1%
Electronic Arts, Inc.
1,451
295,815
Meridian Holdings, Inc. (a)
76
549
Playstudios, Inc. (a)
2,171
1,019
Playtika Holding Corp.
1,661
4,618
ROBLOX Corp., Class A (a)
3,497
197,790
Take-Two Interactive Software,
Inc. (a)
1,073
211,917
 
711,708
Interactive Media & Services - 2.4%
Alphabet, Inc., Class A
32,605
9,375,894
Alphabet, Inc., Class C
26,665
7,649,122
Angi, Inc. (a)
834
5,713
Arena Group Holdings, Inc. (a)
511
1,109
Bumble, Inc., Class A (a)
1,895
6,178
Cargurus, Inc. (a)
1,877
63,912
Cars.com, Inc. (a)
1,245
10,109
EverQuote, Inc., Class A (a)
681
10,501
fuboTV, Inc., Class A (a)
621
5,875
Getty Images Holdings, Inc. (a)
3,354
2,661
IAC, Inc. (a)
300
12,009
Match Group, Inc.
1,613
49,535
MediaAlpha, Inc., Class A (a)
901
8,379
Meta Platforms, Inc., Class A
12,283
7,027,473
Nextdoor Holdings, Inc. (a)
4,813
6,738
Pinterest, Inc., Class A (a)
3,297
60,467
QuinStreet, Inc. (a)
1,275
15,313
Reddit, Inc., Class A (a)
700
94,255
Rumble, Inc. (a)
2,441
12,449
Shutterstock, Inc.
871
14,467
Teads Holding Co. (a)
680
448
Travelzoo (a)
249
1,474
TripAdvisor, Inc. (a)
2,687
28,643
Trump Media & Technology
Group Corp. (a)
500
4,640
Yelp, Inc. (a)
1,429
35,353
Ziff Davis, Inc. (a)
931
39,065
ZipRecruiter, Inc., Class A (a)
1,833
3,373
ZoomInfo Technologies, Inc.
(a)
2,000
11,960
 
24,557,115
Internet Services & Infrastructure - 0.2%
Akamai Technologies, Inc. (a)
694
79,706
Applied Digital Corp. (a)
5,649
134,107
Backblaze, Inc., Class A (a)
1,338
4,616
Cloudflare, Inc., Class A (a)
1,775
366,254
Commerce.com, Inc. (a)
2,046
5,463
Crexendo, Inc. (a)
508
3,134
DigitalOcean Holdings, Inc. (a)
1,810
155,262
Fastly, Inc., Class A (a)
3,326
96,654
GoDaddy, Inc., Class A (a)
690
57,042
MongoDB, Inc. (a)
407
99,621
Okta, Inc. (a)
1,061
83,511
Rackspace Technology, Inc.
(a)
1,848
1,811
Snowflake, Inc., Class A (a)
1,898
286,256
Tucows, Inc., Class A (a)
223
3,827
Twilio, Inc., Class A (a)
827
104,053
VeriSign, Inc.
437
108,533
Whitefiber, Inc. (a)
315
3,752
 
1,593,602
 
Number
of Shares
Fair
Value
Investment Banking & Brokerage - 0.5%
BGC Group, Inc., Class A
8,658
$84,675
Charles Schwab Corp.
9,359
879,559
Evercore, Inc., Class A
226
67,463
Goldman Sachs Group, Inc.
1,657
1,401,806
Houlihan Lokey, Inc.
300
43,086
Interactive Brokers Group, Inc.,
Class A
2,400
160,968
Jefferies Financial Group, Inc.
1,079
44,531
Lazard, Inc.
600
25,488
LPL Financial Holdings, Inc.
463
139,284
Moelis & Co., Class A
1,778
101,346
Morgan Stanley
6,365
1,047,488
Perella Weinberg Partners
1,458
26,477
Piper Sandler Cos.
1,676
128,298
PJT Partners, Inc., Class A
549
76,706
Raymond James Financial,
Inc.
982
142,184
Robinhood Markets, Inc.,
Class A (a)
4,321
299,445
Siebert Financial Corp. (a)
761
1,461
Stifel Financial Corp.
850
62,832
StoneX Group, Inc. (a)
1,761
142,025
Virtu Financial, Inc., Class A
500
21,990
 
4,897,112
IT Consulting & Other Services - 0.2%
Accenture PLC, Class A
3,461
686,282
Amdocs Ltd.
467
30,476
ASGN, Inc. (a)
987
38,207
BigBear.ai Holdings, Inc. (a)
10,268
36,143
Cognizant Technology
Solutions Corp., Class A
2,682
164,541
CSP, Inc.
244
2,111
EPAM Systems, Inc. (a)
298
40,349
Gartner, Inc. (a)
342
54,152
Globant SA (a)
200
9,222
Grid Dynamics Holdings, Inc.
(a)
1,585
9,034
Hackett Group, Inc.
585
7,611
Information Services Group,
Inc.
1,040
3,993
International Business
Machines Corp.
5,231
1,267,942
Kyndryl Holdings, Inc. (a)
1,359
17,830
TSS, Inc. (a)
569
7,403
Unisys Corp. (a)
1,566
3,242
 
2,378,538
Leisure Facilities - 0.0%*
Dave & Buster's
Entertainment, Inc. (a)
742
8,036
Life Time Group Holdings, Inc.
(a)
3,613
97,334
Planet Fitness, Inc., Class A
(a)
500
37,190
Pursuit Attractions &
Hospitality, Inc. (a)
492
18,022
Six Flags Entertainment Corp.
(a)
2,270
40,293
United Parks & Resorts, Inc.
(a)
634
20,706
Vail Resorts, Inc.
200
25,664
Xponential Fitness, Inc.,
Class A (a)
683
4,112
 
251,357
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
47
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Leisure Products - 0.0%*
Acushnet Holdings Corp.
657
$61,416
American Outdoor Brands, Inc.
(a)
394
3,680
Brunswick Corp.
300
21,828
Callaway Golf Co. (a)
3,128
43,417
Clarus Corp.
748
2,035
Escalade, Inc.
242
4,155
Funko, Inc., Class A (a)
968
3,049
Hasbro, Inc.
700
65,520
JAKKS Pacific, Inc.
252
5,020
Johnson Outdoors, Inc.,
Class A
159
7,395
Latham Group, Inc. (a)
970
5,209
Malibu Boats, Inc., Class A (a)
439
11,379
Marine Products Corp.
161
1,170
MasterCraft Boat Holdings,
Inc. (a)
415
8,512
Mattel, Inc. (a)
1,759
25,558
Peloton Interactive, Inc.,
Class A (a)
9,354
40,129
Polaris, Inc.
1,271
69,269
Smith & Wesson Brands, Inc.
1,055
15,118
Sturm Ruger & Co., Inc.
321
12,869
YETI Holdings, Inc. (a)
500
18,295
 
425,023
Life & Health Insurance - 0.1%
Aegon Ltd.
7,915
57,701
Aflac, Inc.
2,635
289,086
Brighthouse Financial, Inc. (a)
270
16,168
Citizens, Inc. (a)
1,074
5,402
CNO Financial Group, Inc.
2,241
92,015
F&G Annuities & Life, Inc.
862
21,826
Genworth Financial, Inc. (a)
9,399
76,320
Globe Life, Inc.
500
69,585
Lincoln National Corp.
746
26,483
MetLife, Inc.
3,233
228,638
Oscar Health, Inc., Class A (a)
4,712
54,047
Primerica, Inc.
200
50,096
Principal Financial Group, Inc.
1,200
108,132
Prudential Financial, Inc.
1,892
184,829
Unum Group
1,009
73,687
 
1,354,015
Life Sciences Tools & Services - 0.3%
10X Genomics, Inc., Class A
(a)
2,627
55,771
Adaptive Biotechnologies
Corp. (a)
3,553
49,316
Agilent Technologies, Inc.
1,596
181,912
Alpha Teknova, Inc. (a)
607
1,754
Atlantic International Corp. (a)
165
500
Avantor, Inc. (a)
4,003
31,384
Azenta, Inc. (a)
954
20,158
BioLife Solutions, Inc. (a)
954
18,202
Bio-Rad Laboratories, Inc.,
Class A (a)
71
19,791
Bio-Techne Corp.
762
39,822
Bruker Corp.
561
20,263
Charles River Laboratories
International, Inc. (a)
318
54,855
Codexis, Inc. (a)
2,989
4,872
CryoPort, Inc. (a)
1,161
9,613
Cytek Biosciences, Inc. (a)
2,793
12,205
Danaher Corp.
3,482
660,187
Fortrea Holdings, Inc. (a)
2,127
20,036
 
Number
of Shares
Fair
Value
Ginkgo Bioworks Holdings,
Inc. (a)
1,011
$6,197
Illumina, Inc. (a)
852
105,018
IQVIA Holdings, Inc. (a)
909
155,021
Lifecore Biomedical, Inc. (a)
788
2,931
Maravai LifeSciences
Holdings, Inc., Class A (a)
2,969
8,402
MaxCyte, Inc. (a)
3,131
2,200
Medpace Holdings, Inc. (a)
134
64,346
Mesa Laboratories, Inc.
118
10,434
Mettler-Toledo International,
Inc. (a)
121
152,605
OmniAb, Inc. (a)
2,629
4,128
OmniAb, Inc. (a)(c)**
394
—
Pacific Biosciences of
California, Inc. (a)
6,559
8,658
Personalis, Inc. (a)
1,298
8,268
Qiagen NV
2,446
98,394
Quanterix Corp. (a)
1,243
4,375
Quantum-Si, Inc. (a)
4,014
3,107
Repligen Corp. (a)
306
36,053
Revvity, Inc.
660
57,823
Sotera Health Co. (a)
1,700
24,378
Standard BioTools, Inc. (a)
8,037
7,388
Tempus AI, Inc., Class A (a)
500
22,610
Thermo Fisher Scientific, Inc.
2,099
1,031,722
Waters Corp. (a)
546
162,599
West Pharmaceutical
Services, Inc.
435
109,028
 
3,286,326
Managed Healthcare - 0.2%
Alignment Healthcare, Inc. (a)
4,643
81,810
Centene Corp. (a)
3,006
98,416
Clover Health Investments
Corp. (a)
9,493
16,708
Elevance Health, Inc.
1,218
356,569
HealthEquity, Inc. (a)
2,003
167,391
Humana, Inc.
657
113,917
Molina Healthcare, Inc. (a)
339
45,189
Progyny, Inc. (a)
1,768
30,021
UnitedHealth Group, Inc.
5,083
1,375,409
 
2,285,430
Marine Transportation - 0.0%*
AP Moller - Maersk AS,
Class A
19
46,377
AP Moller - Maersk AS,
Class B
25
62,253
Genco Shipping & Trading Ltd.
731
16,484
Kirby Corp. (a)
300
39,864
Matson, Inc.
733
120,168
Pangaea Logistics Solutions
Ltd.
754
5,338
 
290,484
Metal, Glass & Plastic Containers - 0.0%*
AptarGroup, Inc.
364
45,871
Ardagh Metal Packaging SA
3,202
12,968
Ball Corp.
1,592
94,103
Crown Holdings, Inc.
627
62,857
Greif, Inc., Class A
571
38,297
Greif, Inc., Class B
103
9,017
Myers Industries, Inc.
862
18,257
O-I Glass, Inc. (a)
3,643
38,288
Silgan Holdings, Inc.
693
26,888
See Notes to Schedule of Investments.
 
48
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
TriMas Corp.
751
$26,991
 
373,537
Mortgage REITs - 0.1%
ACRES Commercial Realty
Corp. (a)
206
3,980
Adamas Trust, Inc.
1,961
14,433
AGNC Investment Corp.
5,239
52,547
Angel Oak Mortgage REIT, Inc.
264
2,170
Annaly Capital Management,
Inc.
3,975
84,071
Apollo Commercial Real
Estate Finance, Inc.
3,297
34,816
Arbor Realty Trust, Inc.
4,598
35,451
ARES Commercial Real Estate
Corp.
1,256
6,029
ARMOUR Residential REIT,
Inc.
2,679
44,686
Blackstone Mortgage Trust,
Inc., Class A
3,793
72,636
BrightSpire Capital, Inc.
2,984
16,710
Chicago Atlantic Real Estate
Finance, Inc.
464
5,252
Chimera Investment Corp.
1,918
24,071
Claros Mortgage Trust, Inc. (a)
1,963
4,672
Dynex Capital, Inc.
4,747
60,572
Ellington Financial, Inc.
2,896
34,318
Franklin BSP Realty Trust, Inc.
1,895
16,089
Invesco Mortgage Capital, Inc.
1,639
13,243
KKR Real Estate Finance
Trust, Inc.
1,310
8,017
Ladder Capital Corp.
2,682
26,203
Lument Finance Trust, Inc.
1,531
1,929
MFA Financial, Inc.
2,410
23,088
Nexpoint Real Estate Finance,
Inc.
166
2,236
Orchid Island Capital, Inc.
4,403
30,953
PennyMac Mortgage
Investment Trust
2,042
23,810
Ready Capital Corp.
3,478
5,634
Redwood Trust, Inc.
2,932
16,448
Rithm Capital Corp.
3,000
28,440
Rithm Property Trust, Inc.
233
3,120
Seven Hills Realty Trust
539
4,431
Starwood Property Trust, Inc.
2,200
37,884
Sunrise Realty Trust, Inc.
209
1,603
TPG Mortgage Investment
Trust, Inc.
815
5,958
TPG RE Finance Trust, Inc.
1,698
13,261
Two Harbors Investment Corp.
2,440
27,865
 
786,626
Motorcycle Manufacturers - 0.0%*
Harley-Davidson, Inc.
1,000
20,220
Livewire Group, Inc. (a)
1,125
1,867
 
22,087
Movies & Entertainment - 0.5%
AMC Entertainment Holdings,
Inc., Class A (a)
11,851
11,614
Atlanta Braves Holdings, Inc.,
Class A (a)
148
6,978
Atlanta Braves Holdings, Inc.,
Class C (a)
1,095
46,757
Cinemark Holdings, Inc.
2,479
70,701
CuriosityStream, Inc.
986
2,919
Gaia, Inc. (a)
438
1,213
IMAX Corp. (a)
1,037
39,416
 
Number
of Shares
Fair
Value
Liberty Media Corp.-Liberty
Formula One, Class A (a)
100
$7,808
Liberty Media Corp.-Liberty
Formula One, Class C (a)
1,199
101,939
Lionsgate Studios Corp. (a)
4,862
46,627
Live Nation Entertainment, Inc.
(a)
928
141,529
Madison Square Garden
Entertainment Corp. (a)
943
55,552
Madison Square Garden
Sports Corp. (a)
100
32,140
Marcus Corp.
542
9,306
Netflix, Inc. (a)
23,830
2,291,255
Reservoir Media, Inc. (a)
481
4,709
Roku, Inc. (a)
684
64,720
Sphere Entertainment Co. (a)
645
75,723
Spotify Technology SA (a)
1,777
861,685
Starz Entertainment Corp. (a)
273
3,140
TKO Group Holdings, Inc.
351
70,779
Vivid Seats, Inc., Class A (a)
68
402
Walt Disney Co.
10,001
963,896
Warner Bros Discovery, Inc.
(a)
13,046
358,243
 
5,269,051
Multi-Family Residential REITs - 0.1%
AvalonBay Communities, Inc.
795
129,863
BRT Apartments Corp.
299
3,989
Camden Property Trust
638
62,307
Centerspace
394
22,635
Clipper Realty, Inc.
311
939
Equity Residential
2,192
129,657
Essex Property Trust, Inc.
314
75,988
Independence Realty Trust,
Inc.
5,754
85,677
Mid-America Apartment
Communities, Inc.
624
76,203
NexPoint Residential Trust,
Inc.
516
12,900
UDR, Inc.
1,647
55,636
Veris Residential, Inc.
1,780
33,589
 
689,383
Multi-Line Insurance - 0.0%*
Horace Mann Educators Corp.
965
41,186
Multi-Sector Holdings - 0.5%
Berkshire Hathaway, Inc.,
Class B (a)
10,379
4,973,617
Cannae Holdings, Inc.
1,079
12,268
Compass Diversified Holdings
1,596
12,545
 
4,998,430
Multi-Utilities - 0.2%
Ameren Corp.
1,541
169,387
Avista Corp.
1,942
77,952
Black Hills Corp.
1,809
125,563
CenterPoint Energy, Inc.
3,797
163,879
CMS Energy Corp.
1,600
124,128
Consolidated Edison, Inc.
2,019
228,510
Dominion Energy, Inc.
4,712
291,296
DTE Energy Co.
1,174
171,662
NiSource, Inc.
2,783
129,855
Northwestern Energy Group,
Inc.
1,476
97,327
Public Service Enterprise
Group, Inc.
2,879
233,055
Sempra
3,658
355,448
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
49
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Unitil Corp.
414
$21,627
WEC Energy Group, Inc.
1,864
215,795
 
2,405,484
Office REITs - 0.0%*
Brandywine Realty Trust
4,092
11,089
BXP, Inc.
900
46,710
COPT Defense Properties
2,723
83,324
Cousins Properties, Inc.
900
20,313
Douglas Emmett, Inc.
3,833
36,107
Easterly Government
Properties, Inc.
991
21,237
Empire State Realty Trust,
Inc., Class A
3,244
16,869
Franklin Street Properties
Corp.
2,474
1,644
Highwoods Properties, Inc.
600
12,846
Hudson Pacific Properties, Inc.
(a)
1,263
7,464
JBG SMITH Properties
1,394
20,367
Kilroy Realty Corp.
972
27,420
NET Lease Office Properties
354
4,078
Peakstone Realty Trust
852
17,798
Piedmont Realty Trust, Inc.,
Class A (a)
2,898
19,040
Postal Realty Trust, Inc.,
Class A
527
9,781
SL Green Realty Corp.
1,713
63,278
Vornado Realty Trust
800
20,792
 
440,157
Office Services & Supplies - 0.0%*
ACCO Brands Corp.
2,321
6,963
CompX International, Inc.
19
444
HNI Corp.
1,673
55,861
Interface, Inc.
1,371
34,165
MillerKnoll, Inc.
1,612
23,310
MSA Safety, Inc.
200
32,790
NL Industries, Inc.
196
1,143
Pitney Bowes, Inc.
3,820
42,211
Virco Mfg. Corp.
328
2,007
 
198,894
Oil & Gas Drilling - 0.1%
Helmerich & Payne, Inc.
2,308
83,157
Nabors Industries Ltd. (a)
332
28,572
Noble Corp. PLC
3,027
148,535
Patterson-UTI Energy, Inc.
8,278
89,651
Transocean Ltd. (a)
22,264
147,610
Valaris Ltd. (a)
1,496
146,668
 
644,193
Oil & Gas Equipment & Services - 0.2%
Archrock, Inc.
4,142
144,142
Atlas Energy Solutions, Inc.
1,806
23,695
Baker Hughes Co.
5,493
335,348
Bristow Group, Inc.
669
31,369
Cactus, Inc., Class A
1,637
77,545
Core Laboratories, Inc.
1,086
18,234
DMC Global, Inc. (a)
707
3,683
Energy Services of America
Corp.
281
3,690
Expro Group Holdings NV (a)
1,947
33,897
Flowco Holdings, Inc., Class A
539
11,103
Forum Energy Technologies,
Inc. (a)
234
13,726
Halliburton Co.
4,582
178,652
 
Number
of Shares
Fair
Value
Helix Energy Solutions Group,
Inc. (a)
3,271
$32,350
Innovex International, Inc. (a)
907
22,122
Kodiak Gas Services, Inc.
1,985
115,765
Liberty Energy, Inc.
3,779
108,835
Mammoth Energy Services,
Inc. (a)
547
1,340
National Energy Services
Reunited Corp. (a)
1,436
30,831
Natural Gas Services Group,
Inc.
271
10,228
NOV, Inc.
1,873
35,231
Oceaneering International, Inc.
(a)
2,360
83,709
Oil States International, Inc.
(a)
1,300
15,132
ProFrac Holding Corp.,
Class A (a)
625
3,875
ProPetro Holding Corp. (a)
2,330
33,575
Ranger Energy Services, Inc.,
Class A
527
9,033
RPC, Inc.
2,123
15,031
SEACOR Marine Holdings,
Inc. (a)
519
3,716
Select Water Solutions, Inc.
2,227
34,073
SLB Ltd.
8,380
430,648
Solaris Energy Infrastructure,
Inc.
1,100
62,161
Tenaris SA
2,199
64,079
TETRA Technologies, Inc. (a)
2,974
25,339
Tidewater, Inc. (a)
1,176
98,255
Weatherford International PLC
400
37,832
 
2,148,244
Oil & Gas Exploration & Production - 0.4%
Antero Resources Corp. (a)
1,800
76,392
APA Corp.
1,900
80,636
California Resources Corp.
1,754
121,412
Chord Energy Corp.
300
42,654
CNX Resources Corp. (a)
3,274
126,213
Comstock Resources, Inc. (a)
1,750
36,890
ConocoPhillips
6,977
920,964
Coterra Energy, Inc.
4,127
145,023
Crescent Energy Co., Class A
6,117
82,579
Devon Energy Corp.
3,329
167,515
Diamondback Energy, Inc.
1,121
221,723
Diversified Energy Co.
1,447
25,236
Empire Petroleum Corp. (a)
264
781
EOG Resources, Inc.
3,071
443,974
Epsilon Energy Ltd.
609
3,751
EQT Corp.
3,372
214,594
Evolution Petroleum Corp.
710
3,252
Expand Energy Corp.
1,288
141,397
Granite Ridge Resources, Inc.
1,425
8,365
Gulfport Energy Corp. (a)
380
80,397
HighPeak Energy, Inc.
669
4,616
Infinity Natural Resources,
Inc., Class A (a)
434
7,643
Magnolia Oil & Gas Corp.,
Class A
4,336
136,888
Matador Resources Co.
770
48,649
Murphy Oil Corp.
3,236
133,485
Northern Oil & Gas, Inc.
2,284
66,761
Ovintiv, Inc.
1,500
89,040
Permian Resources Corp.,
Class A
4,280
91,250
Prairie Operating Co. (a)
1,089
2,211
See Notes to Schedule of Investments.
 
50
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
PrimeEnergy Resources Corp.
(a)
12
$2,794
Range Resources Corp.
1,460
65,963
Riley Exploration Permian, Inc.
352
12,830
Sable Offshore Corp. (a)
2,958
48,866
SandRidge Energy, Inc.
749
12,216
SM Energy Co.
5,924
184,710
Talos Energy, Inc. (a)
3,090
48,698
Texas Pacific Land Corp.
316
149,961
VAALCO Energy, Inc.
2,460
15,596
Viper Energy, Inc., Class A
900
42,291
Vitesse Energy, Inc.
701
12,730
W&T Offshore, Inc.
2,358
8,041
 
4,128,987
Oil & Gas Refining & Marketing - 0.2%
Calumet, Inc. (a)
1,637
58,768
Clean Energy Fuels Corp. (a)
4,660
11,557
CVR Energy, Inc. (a)
718
24,161
Delek U.S. Holdings, Inc.
1,422
64,090
FutureFuel Corp.
626
2,410
Gevo, Inc. (a)
5,558
15,173
Green Plains, Inc. (a)
1,571
25,843
HF Sinclair Corp.
900
56,151
Marathon Petroleum Corp.
1,658
404,851
OPAL Fuels, Inc., Class A (a)
502
1,265
Par Pacific Holdings, Inc. (a)
1,188
74,416
PBF Energy, Inc., Class A
2,003
95,383
Phillips 66 Co.
2,271
413,731
REX American Resources
Corp. (a)
674
30,714
Valero Energy Corp.
1,666
411,635
World Kinect Corp.
1,276
29,437
 
1,719,585
Oil & Gas Storage & Transportation - 0.2%
Antero Midstream Corp.
1,800
41,040
Cheniere Energy, Inc.
1,169
331,715
DHT Holdings, Inc.
3,220
58,829
Dorian LPG Ltd.
875
29,925
DT Midstream, Inc.
540
72,722
Excelerate Energy, Inc.,
Class A
553
18,481
International Seaways, Inc.
959
69,892
Kinder Morgan, Inc.
10,847
363,700
Kinetik Holdings, Inc.
1,052
50,927
Navigator Holdings Ltd.
726
14,034
New Fortress Energy, Inc. (a)
5,379
3,174
NextDecade Corp. (a)
4,165
31,904
Nordic American Tankers Ltd.
4,810
28,187
ONEOK, Inc.
3,615
326,760
Summit Midstream Corp. (a)
205
6,199
Targa Resources Corp.
1,137
285,080
Williams Cos., Inc.
6,887
501,236
 
2,233,805
Other Specialized REITs - 0.1%
EPR Properties
600
29,976
Farmland Partners, Inc.
880
9,882
Four Corners Property Trust,
Inc.
2,523
59,669
Gaming & Leisure Properties,
Inc.
1,511
67,043
Gladstone Land Corp.
760
7,752
Iron Mountain, Inc.
1,680
171,595
 
Number
of Shares
Fair
Value
Lamar Advertising Co.,
Class A
490
$62,064
Millrose Properties, Inc.
759
21,252
Outfront Media, Inc.
3,538
93,757
Safehold, Inc.
1,306
17,670
VICI Properties, Inc.
6,319
172,635
 
713,295
Other Specialty Retail - 0.1%
1-800-Flowers.com, Inc.,
Class A (a)
548
1,666
Academy Sports & Outdoors,
Inc.
1,586
89,530
BARK, Inc. (a)
2,237
1,133
Barnes & Noble Education,
Inc. (a)
462
4,079
Bath & Body Works, Inc.
1,298
24,234
Build-A-Bear Workshop, Inc.
291
10,898
Chewy, Inc., Class A (a)
1,500
40,500
Dick's Sporting Goods, Inc.
387
76,738
Envela Corp. (a)
130
2,166
Five Below, Inc. (a)
300
68,544
MarineMax, Inc. (a)
462
12,502
National Vision Holdings, Inc.
(a)
1,852
47,967
Outdoor Holding Co. (a)
2,501
5,027
Petco Health & Wellness Co.,
Inc. (a)
2,066
5,743
Sally Beauty Holdings, Inc. (a)
2,342
32,437
Signet Jewelers Ltd.
941
79,646
Tractor Supply Co.
2,885
130,690
Ulta Beauty, Inc. (a)
235
122,837
Upbound Group, Inc.
1,230
22,202
Warby Parker, Inc., Class A (a)
2,339
49,283
Winmark Corp.
70
29,928
 
857,750
Packaged Foods & Meats - 0.3%
B&G Foods, Inc.
1,749
8,413
Beyond Meat, Inc. (a)
11,049
7,752
BRC, Inc., Class A (a)
1,980
1,537
Calavo Growers, Inc.
441
11,373
Cal-Maine Foods, Inc.
1,033
81,762
Campbell's Co.
1,000
22,270
Conagra Brands, Inc.
2,700
42,444
Dole PLC
1,595
22,792
Flowers Foods, Inc.
2,000
16,300
Freshpet, Inc. (a)
200
11,792
General Mills, Inc.
3,110
115,754
Hain Celestial Group, Inc. (a)
1,899
1,325
Hershey Co.
794
165,065
Hormel Foods Corp.
1,578
35,742
J&J Snack Foods Corp.
366
29,013
J.M. Smucker Co.
611
58,925
JBS NV, Class A (a)
3,300
59,268
John B Sanfilippo & Son, Inc.
178
14,121
Kraft Heinz Co.
5,379
120,974
Lamb Weston Holdings, Inc.
786
33,216
Lifeway Foods, Inc. (a)
115
2,224
Mama's Creations, Inc. (a)
838
12,855
Marzetti Co.
480
66,398
McCormick & Co., Inc.
1,377
69,456
Mission Produce, Inc. (a)
1,014
13,953
Mondelez International, Inc.,
Class A
7,209
415,527
Nestle SA
15,085
1,472,429
Pilgrim's Pride Corp.
303
11,441
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
51
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Post Holdings, Inc. (a)
290
$28,669
Seaboard Corp.
1
5,654
Seneca Foods Corp., Class A
(a)
107
16,170
Simply Good Foods Co. (a)
2,043
29,317
Smithfield Foods, Inc.
100
2,797
Tootsie Roll Industries, Inc.
432
18,465
Tyson Foods, Inc., Class A
1,471
94,247
Utz Brands, Inc.
1,689
13,377
Vital Farms, Inc. (a)
798
11,268
Westrock Coffee Co. (a)
876
3,723
 
3,147,808
Paper & Plastic Packaging Products & Materials - 0.1%
Amcor PLC
2,696
107,166
Avery Dennison Corp.
442
76,325
Graphic Packaging Holding
Co.
1,700
16,898
International Paper Co.
3,093
110,420
Packaging Corp. of America
483
102,502
Ranpak Holdings Corp. (a)
1,376
4,912
Sealed Air Corp.
705
29,645
Smurfit Westrock PLC
3,070
122,340
Sonoco Products Co.
670
36,240
 
606,448
Paper Products - 0.0%*
Clearwater Paper Corp. (a)
370
5,321
Magnera Corp. (a)
769
7,313
Sylvamo Corp.
812
34,299
 
46,933
Passenger Airlines - 0.1%
Alaska Air Group, Inc. (a)
791
29,093
Allegiant Travel Co. (a)
339
27,473
American Airlines Group, Inc.
(a)
2,760
29,643
Delta Air Lines, Inc.
3,548
235,871
Frontier Group Holdings, Inc.
(a)
1,362
4,808
JetBlue Airways Corp. (a)
6,996
30,922
Joby Aviation, Inc. (a)
13,920
114,979
SkyWest, Inc. (a)
967
88,800
Southwest Airlines Co.
2,462
92,497
Sun Country Airlines Holdings,
Inc. (a)
1,189
19,642
United Airlines Holdings, Inc.
(a)
1,946
179,168
 
852,896
Passenger Ground Transportation - 0.1%
Avis Budget Group, Inc. (a)
100
14,585
Hertz Global Holdings, Inc. (a)
2,839
13,088
Lyft, Inc., Class A (a)
1,615
21,480
Uber Technologies, Inc. (a)
11,325
814,607
 
863,760
Personal Care Products - 0.0%*
Beauty Health Co. (a)
3,414
3,038
BellRing Brands, Inc. (a)
880
14,159
Coty, Inc., Class A (a)
2,800
5,628
Edgewell Personal Care Co.
1,050
22,407
elf Beauty, Inc. (a)
300
18,183
Estee Lauder Cos., Inc.,
Class A
1,466
105,215
FitLife Brands, Inc. (a)
83
1,179
Herbalife Ltd. (a)
2,420
35,622
 
Number
of Shares
Fair
Value
Honest Co., Inc. (a)
2,249
$6,612
Interparfums, Inc.
434
39,425
Kenvue, Inc.
10,794
186,089
Lifevantage Corp.
340
1,469
Medifast, Inc. (a)
286
2,914
Nature's Sunshine Products,
Inc. (a)
394
9,452
Niagen Bioscience, Inc. (a)
1,257
5,543
Nu Skin Enterprises, Inc.,
Class A
1,146
8,343
Olaplex Holdings, Inc. (a)
3,431
6,965
USANA Health Sciences, Inc.
(a)
256
4,472
Waldencast PLC, Class A (a)
874
830
 
477,545
Pharmaceuticals - 1.8%
Aardvark Therapeutics, Inc. (a)
364
1,372
Aclaris Therapeutics, Inc. (a)
2,179
8,171
Alimera Sciences, Inc. (a)
852
34
Alumis, Inc. (a)
1,628
35,865
Amneal Pharmaceuticals, Inc.
(a)
3,569
44,363
Amphastar Pharmaceuticals,
Inc. (a)
839
16,436
Amylyx Pharmaceuticals, Inc.
(a)
2,085
28,981
ANI Pharmaceuticals, Inc. (a)
428
32,913
Aquestive Therapeutics, Inc.
(a)
2,422
10,051
Arvinas, Inc. (a)
1,321
14,003
Atea Pharmaceuticals, Inc. (a)
1,575
8,474
Axsome Therapeutics, Inc. (a)
984
166,316
BioAge Labs, Inc. (a)
639
11,176
Biote Corp., Class A (a)
1,067
1,440
Bristol-Myers Squibb Co.
11,469
695,595
Collegium Pharmaceutical,
Inc. (a)
737
24,373
Corcept Therapeutics, Inc. (a)
600
24,186
CorMedix, Inc. (a)
1,764
11,978
Crinetics Pharmaceuticals, Inc.
(a)
2,336
84,844
Definium Therapeutics, Inc. (a)
2,225
42,052
Edgewise Therapeutics, Inc.
(a)
1,599
50,368
Elanco Animal Health, Inc. (a)
2,682
64,180
Eli Lilly & Co.
4,520
4,157,360
Enliven Therapeutics, Inc. (a)
923
36,182
Esperion Therapeutics, Inc. (a)
5,372
14,719
Eton Pharmaceuticals, Inc. (a)
609
15,030
Evolus, Inc. (a)
1,592
6,543
EyePoint, Inc. (a)
1,774
22,867
Fulcrum Therapeutics, Inc. (a)
1,165
8,936
GSK PLC
23,830
653,978
Haleon PLC
51,925
256,025
Harmony Biosciences
Holdings, Inc. (a)
1,028
28,794
Harrow, Inc. (a)
740
26,092
Indivior Pharmaceuticals, Inc.
(a)
2,899
88,362
Innoviva, Inc. (a)
1,781
41,497
Jazz Pharmaceuticals PLC (a)
325
61,441
Johnson & Johnson
13,569
3,316,806
Journey Medical Corp. (a)
425
1,993
LB Pharmaceuticals, Inc. (a)
457
11,270
LENZ Therapeutics, Inc. (a)
441
4,035
Ligand Pharmaceuticals, Inc.
(a)
463
92,438
See Notes to Schedule of Investments.
 
52
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Liquidia Corp. (a)
1,525
$57,553
Maze Therapeutics, Inc. (a)
628
18,746
MBX Biosciences, Inc. (a)
663
19,791
Merck & Co., Inc.
13,966
1,679,970
Novartis AG
11,132
1,700,299
Nuvation Bio, Inc. (a)
5,650
24,238
Ocular Therapeutix, Inc. (a)
4,410
37,353
Omeros Corp. (a)
1,523
16,083
Organon & Co.
990
5,930
Pacira BioSciences, Inc. (a)
971
21,945
Perrigo Co. PLC
950
10,203
Pfizer, Inc.
31,831
893,814
Phathom Pharmaceuticals,
Inc. (a)
889
9,877
Phibro Animal Health Corp.,
Class A
478
26,438
Prestige Consumer
Healthcare, Inc. (a)
1,141
67,627
Rapport Therapeutics, Inc. (a)
661
20,683
Roche Holding AG (d)
4,114
1,633,789
Roche Holding AG, Class BR
184
75,868
Royalty Pharma PLC, Class A
2,300
110,331
Sanofi SA
6,416
617,635
Septerna, Inc. (a)
508
12,207
SIGA Technologies, Inc.
1,065
5,698
Supernus Pharmaceuticals,
Inc. (a)
1,286
66,473
Tarsus Pharmaceuticals, Inc.
(a)
933
65,450
Terns Pharmaceuticals, Inc.
(a)
2,276
119,991
Theravance Biopharma, Inc.
(a)
911
14,786
Third Harmonic Bio, Inc. (a)(c)
586
18
Trevi Therapeutics, Inc. (a)
2,131
25,423
Tvardi Therapeutics, Inc. (a)
117
372
Viatris, Inc.
6,800
91,868
WaVe Life Sciences Ltd. (a)
3,319
24,063
Xeris Biopharma Holdings, Inc.
(a)
3,577
20,747
Zevra Therapeutics, Inc. (a)
1,448
13,495
Zoetis, Inc.
2,482
293,397
 
18,023,700
Property & Casualty Insurance - 0.4%
Allstate Corp.
1,481
307,071
American Coastal Insurance
Corp., Class C
645
7,256
American Financial Group, Inc.
381
48,657
American Integrity Insurance
Group, Inc.
276
5,321
American International Group,
Inc.
3,055
229,889
AMERISAFE, Inc.
436
14,532
Arch Capital Group Ltd. (a)
1,990
191,020
Assurant, Inc.
226
49,225
Assured Guaranty Ltd.
200
16,296
Ategrity Specialty
Holdings LLC (a)
217
4,290
Axis Capital Holdings Ltd.
400
40,564
Bowhead Specialty Holdings,
Inc. (a)
423
9,488
Chubb Ltd.
2,072
675,327
Cincinnati Financial Corp.
855
134,534
Donegal Group, Inc., Class A
399
6,855
Employers Holdings, Inc.
521
21,434
Fidelity National Financial, Inc.
1,300
60,294
First American Financial Corp.
500
30,145
 
Number
of Shares
Fair
Value
Hanover Insurance Group, Inc.
200
$34,670
Hartford Insurance Group, Inc.
1,540
208,254
HCI Group, Inc.
256
39,580
Heritage Insurance Holdings,
Inc. (a)
566
14,857
Investors Title Co.
38
8,259
James River Group Holdings,
Inc.
942
5,935
Kingstone Cos., Inc.
343
4,998
Kinsale Capital Group, Inc.
142
48,516
Lemonade, Inc. (a)
1,445
90,573
Loews Corp.
1,000
106,740
Markel Group, Inc. (a)
74
141,641
MBIA, Inc. (a)
993
5,869
Mercury General Corp.
640
56,416
NI Holdings, Inc. (a)
206
2,655
Octave Specialty Group, Inc.
(a)
1,161
5,399
Old Republic International
Corp.
1,310
52,269
Palomar Holdings, Inc. (a)
629
75,165
ProAssurance Corp. (a)
1,201
29,689
Progressive Corp.
3,337
661,527
RLI Corp.
400
22,816
Root, Inc., Class A (a)
292
12,898
Safety Insurance Group, Inc.
346
25,133
Selective Insurance Group,
Inc.
1,429
107,732
Skyward Specialty Insurance
Group, Inc. (a)
930
40,622
Slide Insurance Holdings, Inc.
(a)
1,679
30,222
Stewart Information Services
Corp.
715
44,030
Tiptree, Inc.
559
9,458
Travelers Cos., Inc.
1,241
361,975
Trupanion, Inc. (a)
869
22,255
United Fire Group, Inc.
488
18,085
Universal Insurance Holdings,
Inc.
592
20,223
W.R. Berkley Corp.
1,246
82,585
White Mountains Insurance
Group Ltd.
14
30,757
 
4,274,001
Publishing - 0.0%*
John Wiley & Sons, Inc.,
Class A
961
36,614
New York Times Co., Class A
901
75,441
News Corp., Class A
2,094
52,204
News Corp., Class B
571
16,279
Scholastic Corp.
469
18,319
USA TODAY Co., Inc. (a)
3,284
23,152
 
222,009
Rail Transportation - 0.2%
CSX Corp.
10,604
435,294
FTAI Infrastructure, Inc.
2,604
12,864
Norfolk Southern Corp.
1,248
358,176
Union Pacific Corp.
3,416
828,790
 
1,635,124
Real Estate Development - 0.0%*
Forestar Group, Inc. (a)
459
11,218
Howard Hughes Holdings, Inc.
(a)
100
6,326
Stratus Properties, Inc. (a)
155
4,731
 
22,275
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
53
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Real Estate Operating Companies - 0.0%*
FRP Holdings, Inc. (a)
277
$6,061
Kennedy-Wilson Holdings, Inc.
2,848
30,815
Maui Land & Pineapple Co.,
Inc. (a)
193
2,970
Seaport Entertainment Group,
Inc. (a)
177
3,802
Transcontinental Realty
Investors, Inc. (a)
36
1,256
 
44,904
Real Estate Services - 0.1%
CBRE Group, Inc., Class A (a)
1,672
226,489
Compass, Inc., Class A (a)
15,392
112,515
CoStar Group, Inc. (a)
2,408
97,139
Cushman & Wakefield Ltd. (a)
5,523
67,712
Douglas Elliman, Inc. (a)
2,261
3,708
eXp World Holdings, Inc.
2,014
12,064
Jones Lang LaSalle, Inc. (a)
300
91,296
Marcus & Millichap, Inc.
550
14,624
Newmark Group, Inc., Class A
3,517
52,720
RE/MAX Holdings, Inc.,
Class A (a)
431
2,483
Zillow Group, Inc., Class C (a)
1,100
45,518
 
726,268
Regional Banks - 0.8%
1st Source Corp.
435
30,106
ACNB Corp.
241
11,537
Amalgamated Financial Corp.
535
20,795
Amerant Bancorp, Inc.
847
18,668
Ameris Bancorp
1,555
121,274
Ames National Corp.
255
7,196
Arrow Financial Corp.
387
12,992
Associated Banc-Corp.
3,981
102,949
Atlantic Union Bankshares
Corp.
3,415
122,052
Avidbank Holdings, Inc. (a)
83
2,366
Axos Financial, Inc. (a)
1,302
110,787
Banc of California, Inc.
3,052
53,654
BancFirst Corp.
496
53,816
Bancorp, Inc. (a)
1,007
54,106
Bank First Corp.
245
33,090
Bank of Hawaii Corp.
939
69,721
Bank of Marin Bancorp
326
8,355
Bank OZK
500
22,945
Bank7 Corp.
104
4,148
BankUnited, Inc.
1,767
79,798
Bankwell Financial Group, Inc.
160
7,763
Banner Corp.
809
49,090
Bar Harbor Bankshares
373
12,104
BayCom Corp.
222
6,599
BCB Bancorp, Inc.
416
3,736
Beacon Financial Corp.
1,983
59,490
Blue Foundry Bancorp (a)
427
5,653
Blue Ridge Bankshares, Inc.
1,602
6,728
BOK Financial Corp.
100
12,806
Bridgewater Bancshares, Inc.
(a)
462
8,177
Burke & Herbert Financial
Services Corp.
314
19,559
Business First Bancshares,
Inc.
659
17,819
BV Financial, Inc. (a)
163
3,120
Byline Bancorp, Inc.
732
23,109
C&F Financial Corp.
72
5,252
California BanCorp
534
9,462
 
Number
of Shares
Fair
Value
Camden National Corp.
388
$18,411
Capital Bancorp, Inc.
257
7,643
Capital City Bank Group, Inc.
330
14,342
Capitol Federal Financial, Inc.
2,865
20,427
Carter Bankshares, Inc. (a)
506
11,800
Cathay General Bancorp
1,537
76,635
CB Financial Services, Inc.
109
3,726
Central Pacific Financial Corp.
611
19,528
CF Bankshares, Inc.
132
3,684
Chain Bridge Bancorp, Inc.,
Class A (a)
42
1,466
Chemung Financial Corp.
123
6,620
ChoiceOne Financial Services,
Inc.
340
9,561
Citizens & Northern Corp.
409
9,137
Citizens Community Bancorp,
Inc.
220
4,356
Citizens Financial Group, Inc.
2,352
141,049
Citizens Financial Services,
Inc.
97
5,932
City Holding Co.
333
39,800
Civista Bancshares, Inc.
426
9,709
CNB Financial Corp.
678
19,635
Coastal Financial Corp. (a)
302
22,982
CoastalSouth Bancshares, Inc.
159
3,910
Colony Bankcorp, Inc.
372
7,429
Columbia Banking System,
Inc.
1,533
42,050
Columbia Financial, Inc. (a)
646
11,311
Commerce Bancshares, Inc.
568
27,946
Commercial Bancgroup, Inc.
199
5,178
Community Financial System,
Inc.
1,263
74,075
Community Trust Bancorp, Inc.
373
22,649
Community West Bancshares
449
10,462
ConnectOne Bancorp, Inc.
1,120
29,982
Cullen/Frost Bankers, Inc.
300
41,124
Customers Bancorp, Inc. (a)
760
52,752
CVB Financial Corp.
3,111
60,322
Dime Community Bancshares,
Inc.
938
31,723
Eagle Bancorp Montana, Inc.
176
3,622
Eagle Bancorp, Inc.
650
16,165
Eagle Financial Services, Inc.
147
5,142
East West Bancorp, Inc.
793
84,661
Eastern Bankshares, Inc.
5,171
101,145
ECB Bancorp, Inc. (a)
254
4,249
Enterprise Financial Services
Corp.
871
47,130
Equity Bancshares, Inc.,
Class A
355
15,766
Esquire Financial Holdings,
Inc.
167
17,952
Farmers & Merchants
Bancorp, Inc.
277
7,111
Farmers National Banc Corp.
1,281
16,858
FB Bancorp, Inc. (a)
381
5,235
FB Financial Corp.
985
51,161
Fidelity D&D Bancorp, Inc.
138
5,973
Financial Institutions, Inc.
455
14,428
Finward Bancorp
82
2,977
Finwise Bancorp (a)
294
4,663
First Bancorp, Inc.
256
7,176
First Bancorp/Southern Pines
NC
960
54,096
First Bank
475
7,600
First Busey Corp.
2,007
50,717
See Notes to Schedule of Investments.
 
54
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
First Business Financial
Services, Inc.
205
$11,056
First Capital, Inc.
104
5,162
First Commonwealth Financial
Corp.
2,473
43,475
First Community Bankshares,
Inc.
392
16,276
First Community Corp.
169
4,940
First Financial Bancorp
2,400
66,912
First Financial Bankshares,
Inc.
3,217
94,741
First Financial Corp.
263
16,622
First Foundation, Inc. (a)
1,407
8,301
First Hawaiian, Inc.
800
19,712
First Horizon Corp.
2,320
52,803
First Internet Bancorp
184
3,750
First Interstate BancSystem,
Inc., Class A
2,049
68,437
First Merchants Corp.
1,483
57,437
First Mid Bancshares, Inc.
506
20,842
First National Corp.
185
4,980
First United Corp.
143
5,240
First Western Financial, Inc.
(a)
236
5,801
Firstsun Capital Bancorp (a)
299
10,902
Five Star Bancorp
371
13,994
Flagstar Bank NA
7,263
95,654
Flushing Financial Corp.
766
11,766
FNB Corp.
2,900
48,488
Franklin Financial Services
Corp.
100
5,108
FS Bancorp, Inc.
137
5,287
Fulton Financial Corp.
4,283
87,116
FVCBankcorp, Inc.
452
6,866
GBank Financial Holdings, Inc.
(a)
240
6,422
German American Bancorp,
Inc.
856
35,772
Glacier Bancorp, Inc.
3,076
137,405
Great Southern Bancorp, Inc.
195
12,310
Greene County Bancorp, Inc.
168
3,765
Hancock Whitney Corp.
1,987
126,353
Hanmi Financial Corp.
695
18,320
Hanover Bancorp, Inc.
160
3,454
Hawthorn Bancshares, Inc.
137
4,616
HBT Financial, Inc.
300
8,016
Heritage Commerce Corp.
1,386
17,297
Heritage Financial Corp.
793
20,618
Hilltop Holdings, Inc.
1,028
36,823
Hingham Institution For
Savings
38
10,862
Home Bancorp, Inc.
162
9,814
Home BancShares, Inc.
4,513
121,535
HomeTrust Bancshares, Inc.
369
15,738
Hope Bancorp, Inc.
2,916
32,572
Horizon Bancorp, Inc.
1,168
19,354
Huntington Bancshares, Inc.
11,746
183,825
Independent Bank Corp.
1,643
104,291
International Bancshares
Corp.
1,303
87,679
Investar Holding Corp.
270
7,363
John Marshall Bancorp, Inc.
300
6,084
Kearny Financial Corp.
1,477
11,151
Lakeland Financial Corp.
593
34,026
Landmark Bancorp, Inc.
157
3,894
LCNB Corp.
393
6,127
LINKBANCORP, Inc.
585
4,879
Live Oak Bancshares, Inc.
831
27,481
 
Number
of Shares
Fair
Value
M&T Bank Corp.
842
$174,058
MainStreet Bancshares, Inc.
163
3,619
Mechanics Bancorp, Class A
1,119
16,505
Mercantile Bank Corp.
369
18,634
Meridian Corp.
220
4,171
Metrocity Bankshares, Inc.
541
15,510
Metropolitan Bank Holding
Corp.
212
17,657
Mid Penn Bancorp, Inc.
448
14,408
Midland States Bancorp, Inc.
464
10,352
MVB Financial Corp.
241
5,984
National Bank Holdings Corp.,
Class A
895
35,048
National Bankshares, Inc.
178
6,481
NB Bancorp, Inc.
927
19,532
NBT Bancorp, Inc.
1,217
51,820
Nicolet Bankshares, Inc.
440
65,393
Northeast Bank
173
19,440
Northeast Community
Bancorp, Inc.
294
6,997
Northfield Bancorp, Inc.
878
11,888
Northpointe Bancshares, Inc.
488
8,423
Northrim BanCorp, Inc.
517
11,829
Northwest Bancshares, Inc.
3,439
43,641
Norwood Financial Corp.
257
7,561
Oak Valley Bancorp
195
6,324
OceanFirst Financial Corp.
1,314
23,705
Ohio Valley Banc Corp.
90
3,947
Old National Bancorp
8,324
183,960
Old Second Bancorp, Inc.
1,178
23,748
OP Bancorp
374
4,974
Orange County Bancorp, Inc.
294
9,402
Origin Bancorp, Inc.
699
28,981
Orrstown Financial Services,
Inc.
430
15,514
Park National Corp.
353
57,698
Parke Bancorp, Inc.
231
6,560
Pathward Financial, Inc.
539
48,095
Patriot National Bancorp, Inc.
(a)
2,165
2,793
PCB Bancorp
256
5,757
Peapack-Gladstone Financial
Corp.
380
13,380
Peoples Bancorp of North
Carolina, Inc.
131
5,130
Peoples Bancorp, Inc.
818
26,888
Peoples Financial Services
Corp.
221
11,786
Pinnacle Financial Partners,
Inc.
851
73,305
Pioneer Bancorp, Inc. (a)
305
4,246
Plumas Bancorp
143
6,981
Ponce Financial Group, Inc. (a)
467
7,804
Preferred Bank
273
24,758
Primis Financial Corp.
579
7,689
Princeton Bancorp, Inc.
127
4,289
Prosperity Bancshares, Inc.
280
18,810
Provident Financial Services,
Inc.
3,069
64,940
QCR Holdings, Inc.
390
33,325
RBB Bancorp
386
8,249
Red River Bancshares, Inc.
111
10,039
Regions Financial Corp.
4,577
119,551
Renasant Corp.
2,253
81,401
Republic Bancorp, Inc.,
Class A
199
14,039
Rhinebeck Bancorp, Inc. (a)
107
1,650
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
55
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Richmond Mutual BanCorp,
Inc.
196
$2,660
Riverview Bancorp, Inc.
675
3,712
S&T Bancorp, Inc.
904
37,814
SB Financial Group, Inc.
199
4,179
Seacoast Banking Corp. of
Florida
2,309
69,940
ServisFirst Bancshares, Inc.
1,234
89,872
Shore Bancshares, Inc.
733
13,692
Sierra Bancorp
287
9,735
Simmons First National Corp.,
Class A
3,440
66,908
SmartFinancial, Inc.
361
14,108
Sound Financial Bancorp, Inc.
73
3,191
South Plains Financial, Inc.
294
12,319
Southern First Bancshares,
Inc. (a)
185
10,082
Southern Missouri Bancorp,
Inc.
230
14,706
Southside Bancshares, Inc.
673
20,924
Southstate Bank Corp.
600
55,512
SR Bancorp, Inc.
173
2,920
Stellar Bancorp, Inc.
1,114
40,784
Sterling Bancorp, Inc. (a)(c)**
504
—
Stock Yards Bancorp, Inc.
622
41,232
Texas Capital Bancshares, Inc.
(a)
1,042
98,865
Third Coast Bancshares, Inc.
(a)
306
11,576
Timberland Bancorp, Inc.
177
6,979
Tompkins Financial Corp.
315
24,835
Towne Bank
2,044
68,821
TriCo Bancshares
715
33,991
Triumph Financial, Inc. (a)
535
31,918
Truist Financial Corp.
7,158
329,053
TrustCo Bank Corp.
432
18,913
Trustmark Corp.
1,336
56,299
UMB Financial Corp.
1,727
194,788
Union Bankshares, Inc.
124
3,016
United Bankshares, Inc.
3,352
138,840
United Community Banks, Inc.
2,928
92,203
United Security Bancshares
456
4,793
Unity Bancorp, Inc.
162
8,396
Univest Financial Corp.
663
22,714
USCB Financial Holdings, Inc.
308
5,710
Valley National Bancorp
11,628
142,792
Virginia National Bankshares
Corp.
137
5,233
WaFd, Inc.
1,810
56,834
Washington Trust Bancorp,
Inc.
437
14,622
Webster Financial Corp.
1,042
72,336
WesBanco, Inc.
2,260
77,947
West BanCorp, Inc.
335
7,970
Westamerica BanCorp
569
29,673
Western Alliance Bancorp
700
49,595
Western New England
Bancorp, Inc.
431
5,573
Wintrust Financial Corp.
390
54,187
WSFS Financial Corp.
1,269
83,069
Zions Bancorp NA
775
44,655
 
8,330,674
Reinsurance - 0.1%
Everest Group Ltd.
254
83,020
Greenlight Capital Re Ltd.,
Class A (a)
622
10,754
 
Number
of Shares
Fair
Value
Reinsurance Group of
America, Inc., Class A
390
$79,623
SiriusPoint Ltd. (a)
2,435
52,450
Swiss Re AG
1,743
291,345
 
517,192
Renewable Electricity - 0.0%*
Clearway Energy, Inc., Class C
600
23,574
Montauk Renewables, Inc. (a)
2,456
2,824
Ormat Technologies, Inc.
1,451
162,396
 
188,794
Research & Consulting Services - 0.2%
Amentum Holdings, Inc. (a)
1,161
30,279
BlackSky Technology, Inc. (a)
719
18,090
Booz Allen Hamilton Holding
Corp.
614
47,910
CACI International, Inc.,
Class A (a)
105
57,106
CBIZ, Inc. (a)
1,165
31,280
Clarivate PLC (a)
3,112
7,873
CRA International, Inc.
150
24,282
Equifax, Inc.
711
128,030
Experian PLC
5,339
184,016
Exponent, Inc.
1,187
77,452
Falcon's Beyond Global, Inc.,
Class A (a)
420
5,922
Forrester Research, Inc. (a)
345
1,953
Franklin Covey Co. (a)
329
5,195
FTI Consulting, Inc. (a)
200
35,354
Huron Consulting Group, Inc.
(a)
406
51,761
ICF International, Inc.
433
28,271
Innodata, Inc. (a)
724
27,961
Jacobs Solutions, Inc.
690
87,823
KBR, Inc.
700
25,802
Legalzoom.com, Inc. (a)
2,963
16,800
Leidos Holdings, Inc.
691
107,464
Mistras Group, Inc. (a)
261
3,858
Parsons Corp. (a)
300
16,251
Planet Labs PBC (a)
6,438
179,942
RCM Technologies, Inc. (a)
162
3,101
Resolute Holdings
Management, Inc. (a)
98
15,905
Resources Connection, Inc.
1,001
3,734
Science Applications
International Corp.
290
27,527
Spire Global, Inc. (a)
697
8,768
TIC Solutions, Inc. (a)
4,731
31,130
TransUnion
1,089
75,348
Verisk Analytics, Inc.
826
156,733
Willdan Group, Inc. (a)
330
25,265
 
1,548,186
Restaurants - 0.3%
Aramark
1,500
60,810
Biglari Holdings, Inc., Class B
(a)
20
6,592
BJ's Restaurants, Inc. (a)
466
16,356
Black Rock Coffee Bar, Inc.,
Class A (a)
472
6,098
Bloomin' Brands, Inc.
1,995
10,773
Brinker International, Inc. (a)
1,031
147,196
Cava Group, Inc. (a)
600
48,540
Cheesecake Factory, Inc.
1,103
60,389
Chipotle Mexican Grill, Inc. (a)
7,600
243,276
See Notes to Schedule of Investments.
 
56
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Cracker Barrel Old Country
Store, Inc.
512
$14,392
Darden Restaurants, Inc.
690
135,267
Dine Brands Global, Inc.
335
8,790
Domino's Pizza, Inc.
163
58,483
DoorDash, Inc., Class A (a)
2,060
309,309
Dutch Bros, Inc., Class A (a)
600
30,396
El Pollo Loco Holdings, Inc. (a)
666
9,231
First Watch Restaurant Group,
Inc. (a)
1,269
13,299
Jack in the Box, Inc. (a)
466
4,506
Krispy Kreme, Inc.
1,658
5,620
Kura Sushi USA, Inc., Class A
(a)
162
11,306
McDonald's Corp.
4,020
1,249,376
Nathan's Famous, Inc.
75
7,555
Papa John's International, Inc.
765
24,794
Portillo's, Inc., Class A (a)
1,585
8,385
RCI Hospitality Holdings, Inc.
201
4,585
Serve Robotics, Inc. (a)
1,431
12,078
Shake Shack, Inc., Class A (a)
929
82,189
Starbucks Corp.
6,325
566,657
Sweetgreen, Inc., Class A (a)
2,368
12,290
Texas Roadhouse, Inc.
400
66,056
Wingstop, Inc.
200
30,994
Yum! Brands, Inc.
1,571
244,259
 
3,509,847
Retail REITs - 0.2%
Acadia Realty Trust
3,146
60,152
Agree Realty Corp.
600
45,228
Alexander's, Inc.
51
12,046
Brixmor Property Group, Inc.
1,840
52,992
CBL & Associates Properties,
Inc.
421
16,179
Curbline Properties Corp.
2,319
59,807
Federal Realty Investment
Trust
400
42,484
FrontView REIT, Inc.
509
7,874
Getty Realty Corp.
1,280
40,704
InvenTrust Properties Corp.
1,857
56,564
Kimco Realty Corp.
3,234
72,668
Kite Realty Group Trust
5,213
127,979
Macerich Co.
6,083
114,969
NETSTREIT Corp.
1,991
37,491
NNN REIT, Inc.
1,000
42,030
Phillips Edison & Co., Inc.
3,024
113,158
Realty Income Corp.
5,286
323,398
Regency Centers Corp.
1,000
75,660
Saul Centers, Inc.
292
9,513
Simon Property Group, Inc.
1,853
345,640
SITE Centers Corp.
1,353
7,306
Tanger, Inc.
2,673
90,829
Urban Edge Properties
3,030
60,539
Whitestone REIT
1,039
16,780
 
1,831,990
Security & Alarm Services - 0.0%*
Brink's Co.
990
102,594
CoreCivic, Inc. (a)
2,506
47,388
GEO Group, Inc. (a)
3,211
53,977
 
203,959
Self Storage REITs - 0.0%*
CubeSmart
1,460
53,509
Extra Space Storage, Inc.
1,244
163,126
 
Number
of Shares
Fair
Value
Public Storage
857
$232,144
Smartstop Self Storage REIT,
Inc.
1,322
40,030
 
488,809
Semiconductor Materials & Equipment - 0.5%
ACM Research, Inc., Class A
(a)
1,202
47,299
Aehr Test Systems (a)
668
24,769
Aeluma, Inc. (a)
300
3,927
Amkor Technology, Inc.
800
36,024
Applied Materials, Inc.
4,414
1,508,661
Atomera, Inc. (a)
928
3,536
Axcelis Technologies, Inc. (a)
739
68,786
Cohu, Inc. (a)
1,076
32,947
Enphase Energy, Inc. (a)
746
28,206
Entegris, Inc.
882
103,406
FormFactor, Inc. (a)
1,851
179,529
Ichor Holdings Ltd. (a)
803
37,428
KLA Corp.
743
1,094,001
Lam Research Corp.
7,100
1,516,986
MKS, Inc.
400
91,924
Onto Innovation, Inc. (a)
290
59,470
PDF Solutions, Inc. (a)
747
24,434
Photronics, Inc. (a)
1,354
54,715
Qnity Electronics, Inc.
1,228
141,687
Teradyne, Inc.
829
245,765
Ultra Clean Holdings, Inc. (a)
1,063
66,097
Veeco Instruments, Inc. (a)
1,408
47,675
 
5,417,272
Semiconductors - 4.1%
Advanced Micro Devices, Inc.
(a)
9,016
1,834,125
Alpha & Omega
Semiconductor Ltd. (a)
601
13,318
Ambarella, Inc. (a)
968
49,828
Ambiq Micro, Inc. (a)
430
10,926
Analog Devices, Inc.
2,746
873,612
Astera Labs, Inc. (a)
700
76,720
Blaize Holdings, Inc. (a)
2,526
4,597
Broadcom, Inc.
25,955
8,033,332
CEVA, Inc. (a)
648
12,105
Cirrus Logic, Inc. (a)
300
43,386
Credo Technology Group
Holding Ltd. (a)
3,837
360,179
Diodes, Inc. (a)
1,094
74,676
First Solar, Inc. (a)
601
118,553
GLOBALFOUNDRIES, Inc. (a)
500
22,240
Impinj, Inc. (a)
642
65,933
Intel Corp. (a)
24,781
1,093,586
Kopin Corp. (a)
3,999
8,998
Lattice Semiconductor Corp.
(a)
800
74,208
MACOM Technology Solutions
Holdings, Inc. (a)
400
88,828
Marvell Technology, Inc.
4,691
464,644
MaxLinear, Inc. (a)
1,944
33,806
Microchip Technology, Inc.
2,998
193,701
Micron Technology, Inc.
6,250
2,111,500
Monolithic Power Systems,
Inc.
275
300,671
Navitas Semiconductor Corp.
(a)
4,830
42,359
NVE Corp.
106
6,943
NVIDIA Corp.
131,613
22,953,307
ON Semiconductor Corp. (a)
2,217
137,277
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
57
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Penguin Solutions, Inc. (a)
1,216
$21,402
Power Integrations, Inc.
1,333
68,250
Qorvo, Inc. (a)
497
38,468
QUALCOMM, Inc.
6,001
772,809
Rambus, Inc. (a)
2,565
220,667
Rigetti Computing, Inc. (a)
7,654
107,462
Semtech Corp. (a)
2,213
170,158
Silicon Laboratories, Inc. (a)
775
161,316
SiTime Corp. (a)
535
184,762
SkyWater Technology, Inc. (a)
843
23,107
Skyworks Solutions, Inc.
873
46,749
Synaptics, Inc. (a)
927
64,927
Texas Instruments, Inc.
5,061
982,543
Universal Display Corp.
287
26,306
 
41,992,284
Silver - 0.0%*
Hecla Mining Co.
15,108
281,462
Single-Family Residential REITs - 0.0%*
American Homes 4 Rent,
Class A
1,900
53,048
Equity LifeStyle Properties,
Inc.
1,182
73,780
Invitation Homes, Inc.
3,540
87,969
Sun Communities, Inc.
710
89,432
UMH Properties, Inc.
1,886
27,215
 
331,444
Soft Drinks & Non-alcoholic Beverages - 0.3%
Celsius Holdings, Inc. (a)
1,000
35,480
Coca-Cola Co.
21,869
1,663,137
Coca-Cola Consolidated, Inc.
280
53,687
Keurig Dr. Pepper, Inc.
7,151
188,286
Monster Beverage Corp. (a)
3,884
281,435
National Beverage Corp. (a)
558
18,777
PepsiCo, Inc.
7,707
1,196,820
Primo Brands Corp., Class A
1,800
33,894
Vita Coco Co., Inc. (a)
1,134
54,330
Zevia PBC, Class A (a)
1,043
1,220
 
3,527,066
Specialized Consumer Services - 0.0%*
ADT, Inc.
2,730
17,936
Carriage Services, Inc.
326
14,885
Driven Brands Holdings, Inc.
(a)
1,372
17,301
European Wax Center, Inc.,
Class A (a)
694
4,011
Frontdoor, Inc. (a)
1,726
91,236
H&R Block, Inc.
800
25,392
Liberty Live Holdings, Inc.,
Class A (a)
200
18,328
Liberty Live Holdings, Inc.,
Class C (a)
73
6,870
Matthews International Corp.,
Class A
691
17,842
Mister Car Wash, Inc. (a)
2,287
15,940
Service Corp. International
858
70,794
 
300,535
Specialized Finance - 0.0%*
Acacia Research Corp. (a)
982
4,723
Burford Capital Ltd.
4,759
21,511
HA Sustainable Infrastructure
Capital, Inc.
2,928
107,604
 
Number
of Shares
Fair
Value
SWK Holdings Corp.
117
$1,990
 
135,828
Specialty Chemicals - 0.2%
Albemarle Corp.
637
114,360
Arq, Inc. (a)
1,014
2,596
Ascent Industries Co. (a)
269
3,580
Ashland, Inc.
300
16,683
ASP Isotopes, Inc. (a)
2,644
11,686
Aspen Aerogels, Inc. (a)
1,376
4,706
Avient Corp.
2,196
79,715
Axalta Coating Systems Ltd.
(a)
1,500
41,550
Balchem Corp.
787
133,381
Celanese Corp.
500
32,885
DuPont de Nemours, Inc.
2,456
112,485
Eastman Chemical Co.
777
59,301
Ecolab, Inc.
1,380
367,107
Ecovyst, Inc. (a)
2,686
34,542
Element Solutions, Inc.
1,100
37,554
Flotek Industries, Inc. (a)
338
5,736
HB Fuller Co.
1,306
80,554
Ingevity Corp. (a)
868
61,828
Innospec, Inc.
588
42,936
International Flavors &
Fragrances, Inc.
1,493
108,317
Minerals Technologies, Inc.
750
53,190
NewMarket Corp.
43
27,561
Perimeter Solutions, Inc. (a)
3,323
81,148
PPG Industries, Inc.
1,181
126,225
Quaker Chemical Corp.
326
40,499
Rayonier Advanced Materials,
Inc. (a)
1,481
16,395
RPM International, Inc.
726
72,164
Sensient Technologies Corp.
1,011
87,391
Sherwin-Williams Co.
1,288
412,868
Solesence, Inc. (a)
649
616
Solstice Advanced Materials,
Inc.
856
65,193
Stepan Co.
504
25,190
Valhi, Inc.
60
858
 
2,360,800
Steel - 0.1%
Alpha Metallurgical Resources,
Inc. (a)
278
57,065
Cleveland-Cliffs, Inc. (a)
3,737
31,578
Commercial Metals Co.
2,646
162,544
Friedman Industries, Inc.
222
3,934
Metallus, Inc. (a)
843
13,775
Nucor Corp.
1,283
216,955
Ramaco Resources, Inc.,
Class A (a)
949
14,671
Reliance, Inc.
298
90,568
Ryerson Holding Corp.
1,033
23,222
Steel Dynamics, Inc.
802
144,360
SunCoke Energy, Inc.
2,018
13,137
Warrior Met Coal, Inc.
1,247
116,158
Worthington Steel, Inc.
773
23,461
 
911,428
Systems Software - 1.9%
A10 Networks, Inc.
1,697
39,235
Adeia, Inc.
2,584
62,094
Airship AI Holdings, Inc. (a)
730
1,650
Appian Corp., Class A (a)
922
22,229
See Notes to Schedule of Investments.
 
58
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Arteris, Inc. (a)
685
$11,261
Commvault Systems, Inc. (a)
1,051
81,862
Crowdstrike Holdings, Inc.,
Class A (a)
1,398
545,793
Dolby Laboratories, Inc.,
Class A
437
26,246
Fortinet, Inc. (a)
3,535
288,880
Gen Digital, Inc.
2,826
53,214
Gitlab, Inc., Class A (a)
800
17,312
Microsoft Corp.
41,716
15,442,012
Monday.com Ltd. (a)
232
16,034
N-able, Inc. (a)
1,689
7,888
OneSpan, Inc.
987
10,393
Oracle Corp.
9,480
1,394,603
Palo Alto Networks, Inc. (a)
4,548
729,135
Progress Software Corp. (a)
1,014
26,009
Qualys, Inc. (a)
857
75,288
Rapid7, Inc. (a)
1,436
7,912
Rubrik, Inc., Class A (a)
900
44,073
SentinelOne, Inc., Class A (a)
1,820
23,442
ServiceNow, Inc. (a)
5,850
611,618
Silvaco Group, Inc. (a)
180
1,274
Telos Corp. (a)
1,380
5,782
Tenable Holdings, Inc. (a)
2,819
47,683
Teradata Corp. (a)
600
15,378
UiPath, Inc., Class A (a)
1,800
19,980
Varonis Systems, Inc. (a)
2,771
59,493
Xperi, Inc. (a)
1,078
6,037
Zscaler, Inc. (a)
599
84,034
 
19,777,844
Technology Distributors - 0.0%*
Arrow Electronics, Inc. (a)
267
38,290
Avnet, Inc.
400
24,648
CDW Corp.
761
92,096
Climb Global Solutions, Inc.
424
8,404
ePlus, Inc.
626
47,107
Insight Enterprises, Inc. (a)
696
46,639
PC Connection, Inc.
255
14,907
Richardson Electronics Ltd.
303
3,318
ScanSource, Inc. (a)
508
18,440
TD SYNNEX Corp.
400
67,484
 
361,333
Technology Hardware, Storage & Peripherals - 2.2%
Apple, Inc.
80,969
20,549,123
Corsair Gaming, Inc. (a)
1,109
6,155
CPI Card Group, Inc. (a)
119
1,727
Dell Technologies, Inc.,
Class C
1,780
292,151
Diebold Nixdorf, Inc. (a)
586
44,208
Eastman Kodak Co. (a)
1,390
12,580
Everpure, Inc., Class A (a)
1,700
100,368
GPGI, Inc., Class A
4,228
72,299
Hewlett Packard Enterprise
Co.
7,084
168,670
HP, Inc.
5,278
101,390
Immersion Corp.
666
3,636
IonQ, Inc. (a)
8,133
234,474
NetApp, Inc.
1,167
119,489
Quantum Computing, Inc. (a)
4,762
32,620
Sandisk Corp. (a)
833
529,238
Super Micro Computer, Inc. (a)
2,820
64,211
Turtle Beach Corp. (a)
477
4,837
Western Digital Corp.
1,900
513,931
 
Number
of Shares
Fair
Value
Xerox Holdings Corp.
2,797
$3,608
 
22,854,715
Telecom Tower REITs - 0.1%
American Tower Corp.
2,614
451,124
Crown Castle, Inc.
2,485
202,055
SBA Communications Corp.
615
105,848
 
759,027
Timber REITs - 0.0%*
Rayonier, Inc.
1,883
38,827
Weyerhaeuser Co.
4,446
108,616
 
147,443
Tires & Rubber - 0.0%*
Goodyear Tire & Rubber Co.
(a)
6,555
43,460
Tobacco - 0.2%
Altria Group, Inc.
9,437
622,748
Ispire Technology, Inc. (a)
522
961
Philip Morris International, Inc.
8,750
1,446,725
Turning Point Brands, Inc.
410
35,584
Universal Corp.
569
29,986
 
2,136,004
Trading Companies & Distributors - 0.2%
Air Lease Corp.
500
32,470
Alta Equipment Group, Inc.
369
1,982
Applied Industrial
Technologies, Inc.
220
58,370
BlueLinx Holdings, Inc. (a)
182
9,861
Boise Cascade Co.
900
68,265
Core & Main, Inc., Class A (a)
1,170
57,798
Custom Truck One Source,
Inc. (a)
1,346
8,843
Distribution Solutions Group,
Inc. (a)
233
6,114
DNOW, Inc. (a)
4,417
52,607
DXP Enterprises, Inc. (a)
308
43,037
EVI Industries, Inc.
126
2,593
Fastenal Co.
6,534
303,178
Ferguson Enterprises, Inc.
1,090
254,253
GATX Corp.
861
147,007
Global Industrial Co.
341
10,748
Herc Holdings, Inc.
782
77,848
Hudson Technologies, Inc. (a)
914
5,374
Karat Packaging, Inc.
204
5,696
McGrath RentCorp
585
64,514
MSC Industrial Direct Co., Inc.,
Class A
298
27,496
NPK International, Inc. (a)
1,924
27,879
QXO, Inc. (a)
3,800
73,796
Rush Enterprises, Inc.,
Class A
1,462
96,653
Rush Enterprises, Inc.,
Class B
203
13,063
SiteOne Landscape Supply,
Inc. (a)
300
39,933
Sunbelt Rentals Holdings, Inc.
2,420
153,803
Titan Machinery, Inc. (a)
470
7,858
Transcat, Inc. (a)
211
15,498
United Rentals, Inc.
335
244,068
Watsco, Inc.
216
78,579
WESCO International, Inc.
200
54,724
Willis Lease Finance Corp.
67
11,407
WW Grainger, Inc.
260
283,611
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
59
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Xometry, Inc., Class A (a)
1,031
$42,106
 
2,381,032
Transaction & Payment Processing Services - 0.7%
Affirm Holdings, Inc. (a)
1,346
61,674
Block, Inc. (a)
2,902
174,642
Cantaloupe, Inc. (a)
1,271
13,739
Cass Information Systems,
Inc.
275
12,105
Corpay, Inc. (a)
380
110,576
Euronet Worldwide, Inc. (a)
200
13,274
Fidelity National Information
Services, Inc.
3,048
142,982
Fiserv, Inc. (a)
3,027
168,907
Flywire Corp. (a)
2,770
32,243
Global Payments, Inc.
1,393
93,749
International Money Express,
Inc. (a)
652
10,302
Jack Henry & Associates, Inc.
438
69,221
Marqeta, Inc., Class A (a)
8,619
35,166
Mastercard, Inc., Class A
4,519
2,257,964
NCR Atleos Corp. (a)
1,749
76,221
Payoneer Global, Inc. (a)
6,559
31,680
PayPal Holdings, Inc.
5,463
247,091
Paysafe Ltd. (a)
747
5,087
Paysign, Inc. (a)
1,138
6,714
Priority Technology Holdings,
Inc. (a)
707
3,337
Remitly Global, Inc. (a)
4,027
63,103
Repay Holdings Corp. (a)
1,943
5,052
Sezzle, Inc. (a)
382
24,177
Shift4 Payments, Inc., Class A
(a)
500
21,865
Toast, Inc., Class A (a)
2,900
76,879
Visa, Inc., Class A
9,479
2,864,933
Western Union Co.
1,500
13,095
WEX, Inc. (a)
192
29,384
 
6,665,162
Water Utilities - 0.0%*
American States Water Co.
922
69,722
American Water Works Co.,
Inc.
1,122
152,693
Cadiz, Inc. (a)
1,327
6,516
California Water Service
Group
1,425
64,610
Consolidated Water Co. Ltd.
359
11,890
Essential Utilities, Inc.
1,400
56,378
Global Water Resources, Inc.
268
2,034
H2O America
790
46,349
Middlesex Water Co.
427
22,225
Pure Cycle Corp. (a)
618
6,217
York Water Co.
342
10,414
 
449,048
Wireless Telecommunication Services - 0.1%
Gogo, Inc. (a)
2,141
8,607
Spok Holdings, Inc.
432
4,709
Telephone & Data Systems,
Inc.
2,382
100,282
T-Mobile U.S., Inc.
2,705
568,131
 
681,729
Total Common Stock
(Cost $314,068,494)
413,381,842
 
Number
of Shares
Fair
Value
Rights - 0.0%*
Electronic Components - 0.0%*
M-Tron Industries, Inc.
(expiring 0 4/15/2026) (a)
(Cost $0)
84
$177
Warrant - 0.0%*
Healthcare Equipment - 0.0%*
Pulse Biosciences, Inc.
(expiring 06/27/29) (a)
(Cost $0)
75
397
Total Domestic Equity
(Cost $314,068,494)
413,382,416
Foreign Equity - 21.3%
Common Stock - 21.1%
Advertising - 0.0%*
Focus Media Information
Technology Co. Ltd.,
Class A
10,900
10,409
Gambling.com Group Ltd. (a)
681
2,642
Informa PLC
7,409
74,139
Nexxen International Ltd. (a)
735
4,792
Publicis Groupe SA
1,325
109,323
 
201,305
Aerospace & Defense - 0.5%
AECC Aviation Power Co. Ltd.,
Class A
2,100
14,709
Airbus SE
3,475
654,953
Aselsan Elektronik Sanayi Ve
Ticaret AS
12,026
86,392
AviChina Industry &
Technology Co. Ltd.,
Class H
35,000
14,948
BAE Systems PLC
17,540
512,342
Bharat Electronics Ltd.
29,300
125,382
Bombardier, Inc., Class B (a)
500
88,144
CAE, Inc. (a)
1,943
50,428
CSG NV (a)
1,258
33,831
Dassault Aviation SA
127
47,120
Elbit Systems Ltd.
162
136,013
Embraer SA
6,100
89,889
Hanwha Aerospace Co. Ltd.
297
253,254
Hanwha Systems Co. Ltd.
678
53,088
Hensoldt AG
355
31,407
Hindustan Aeronautics Ltd.
1,935
71,142
Kongsberg Gruppen ASA
2,546
107,881
Korea Aerospace Industries
Ltd.
651
73,593
Kuang-Chi Technologies Co.
Ltd., Class A (a)
400
2,241
Leonardo SpA
2,353
159,544
LIG Nex1 Co. Ltd.
129
53,232
Melrose Industries PLC
8,109
54,745
MTU Aero Engines AG
312
113,464
Rheinmetall AG
269
452,312
Rolls-Royce Holdings PLC
49,132
743,670
Saab AB, Class B
1,859
120,910
Safran SA
2,080
678,487
Singapore Technologies
Engineering Ltd.
9,000
76,122
Thales SA
538
157,268
 
5,056,511
Agricultural & Farm Machinery - 0.0%*
Kubota Corp.
5,600
89,524
See Notes to Schedule of Investments.
 
60
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Agricultural Products & Services - 0.0%*
Charoen Pokphand Indonesia
Tbk. PT
35,300
$8,516
IOI Corp. Bhd.
19,900
20,833
Kuala Lumpur Kepong Bhd.
3,681
19,646
New Hope Liuhe Co. Ltd.,
Class A
3,200
3,816
SD Guthrie Bhd.
22,100
33,022
Wilmar International Ltd.
9,806
29,359
 
115,192
Air Freight & Logistics - 0.1%
Deutsche Post AG
5,365
281,879
DSV AS
1,192
286,981
Hyundai Glovis Co. Ltd.
310
44,030
InPost SA (a)
1,333
23,525
J&T Global Express Ltd. (a)
24,400
31,464
JD Logistics, Inc. (a)(f)
14,000
24,717
SAL Saudi Logistics Services
271
12,073
SF Holding Co. Ltd., Class A
3,300
18,286
YTO Express Group Co. Ltd.,
Class A
2,700
7,931
ZTO Express Cayman, Inc.
3,809
93,762
 
824,648
Airport Services - 0.0%*
Aena SME SA (f)
4,348
127,849
Aeroports de Paris SA
174
21,190
Airports of Thailand PCL
NVDR
38,709
61,761
Auckland International Airport
Ltd.
10,948
49,775
GMR Airports Ltd. (a)
28,137
25,361
Grupo Aeroportuario del
Centro Norte SAB de CV
2,300
32,751
Grupo Aeroportuario del
Pacifico SAB de CV, Class B
3,650
89,452
Grupo Aeroportuario del
Sureste SAB de CV, Class B
1,065
35,655
 
443,794
Alternative Carriers - 0.0%*
Liberty Global Ltd., Class C (a)
1,600
18,768
Liberty Latin America Ltd.,
Class A (a)
694
5,996
Liberty Latin America Ltd.,
Class C (a)
2,966
26,160
 
50,924
Aluminum - 0.1%
Aluminum Corp. of China Ltd.,
Class A
4,300
7,233
Aluminum Corp. of China Ltd.,
Class H
34,000
49,747
China Hongqiao Group Ltd.
27,500
124,239
Hindalco Industries Ltd.
11,247
106,357
Norsk Hydro ASA
7,969
84,431
Press Metal Aluminium
Holdings Bhd.
38,400
76,363
Shandong Nanshan Aluminum
Co. Ltd., Class A
14,700
13,188
United Co. RUSAL
International PJSC (a)(c)**
55,670
—
Yunnan Aluminium Co. Ltd.,
Class A
4,900
22,364
 
483,922
 
Number
of Shares
Fair
Value
Apparel Retail - 0.1%
Fast Retailing Co. Ltd.
1,151
$453,667
H & M Hennes & Mauritz AB,
Class B
3,180
59,122
Industria de Diseno Textil SA
6,369
369,561
Pepkor Holdings Ltd. (f)
20,792
27,633
Trent Ltd.
1,375
48,424
Zalando SE (a)(f)
1,412
34,387
ZOZO, Inc.
2,400
16,766
 
1,009,560
Apparel, Accessories & Luxury Goods - 0.3%
adidas AG
993
160,216
Amer Sports, Inc. (a)
1,000
32,920
ANTA Sports Products Ltd.
12,076
118,066
Bosideng International
Holdings Ltd.
30,000
15,444
Cie Financiere Richemont SA,
Class A
3,142
552,043
Ermenegildo Zegna NV
1,420
14,796
FF Group (a)(c)**
1,860
—
Gildan Activewear, Inc.
1,112
61,730
Hermes International SCA
185
349,348
Kalyan Jewellers India Ltd.
4,585
18,412
Kering SA
431
130,466
Laopu Gold Co. Ltd., Class H
300
24,289
Li Ning Co. Ltd.
21,319
58,908
LPP SA
9
54,339
LVMH Moet Hennessy Louis
Vuitton SE
1,456
793,408
Moncler SpA
1,346
80,785
Page Industries Ltd.
55
18,616
Pandora AS
497
35,412
Shenzhou International Group
Holdings Ltd.
5,900
36,055
Swatch Group AG
584
25,748
Swatch Group AG, Class BR
65
14,279
Titan Co. Ltd.
2,980
125,168
 
2,720,448
Application Software - 0.2%
Beijing Kingsoft Office
Software, Inc., Class A
441
15,094
Chaince Digital Holdings, Inc.
(a)
1,038
4,131
Constellation Software, Inc.
117
204,731
Dassault Systemes SE
3,864
77,977
Descartes Systems Group,
Inc. (a)
491
35,057
D-Wave Quantum, Inc. (a)
8,689
125,382
Horizon Robotics (a)
37,800
32,742
Hundsun Technologies, Inc.,
Class A
1,456
5,465
Hut 8 Corp. (a)
2,292
107,518
Iflytek Co. Ltd., Class A
1,500
10,190
Kingdee International Software
Group Co. Ltd. (a)
35,000
38,860
Nemetschek SE
331
24,700
Nice Ltd. (a)
400
43,979
Open Text Corp.
1,665
36,985
Oracle Financial Services
Software Ltd.
230
16,518
Pony AI, Inc., Class A (a)
1,500
13,308
Sage Group PLC
5,594
62,451
SAP SE
6,112
1,038,699
Sapiens International Corp.
NV (a)
923
40,151
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
61
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
SenseTime Group, Inc.,
Class B (a)(f)
222,000
$52,881
Shanghai Baosight Software
Co. Ltd., Class A
2,246
7,543
WiseTech Global Ltd.
1,268
33,961
Xero Ltd. (a)
1,095
57,447
Yonyou Network Technology
Co. Ltd., Class A (a)
2,600
4,436
 
2,090,206
Asset Management & Custody Banks - 0.1%
3i Group PLC
5,785
187,841
Amundi SA (f)
389
33,324
Brookfield Asset Management
Ltd., Class A
4,765
211,495
Brookfield Corp.
12,061
487,176
China CITIC Financial Asset
Management Co. Ltd.,
Class H H Shares (a)(f)
146,000
14,840
CVC Capital Partners PLC (f)
1,259
16,385
EQT AB
2,849
87,845
HDFC Asset Management Co.
Ltd. (f)
1,698
39,678
IGM Financial, Inc.
393
18,665
Julius Baer Group Ltd.
1,189
87,026
Partners Group Holding AG
132
141,576
Patria Investments Ltd.,
Class A
1,535
19,341
Reinet Investments SCA
1,448
46,786
Schroders PLC
3,789
29,066
 
1,421,044
Automobile Manufacturers - 0.4%
Bayerische Motoren Werke AG
1,629
150,218
BYD Co. Ltd., Class A
3,000
46,369
BYD Co. Ltd., Class H
30,600
418,396
Chongqing Changan
Automobile Co. Ltd., Class A
2,714
3,957
Ferrari NV
735
248,601
Ford Otomotiv Sanayi AS
3,410
7,784
Geely Automobile Holdings
Ltd.
58,000
154,761
Great Wall Motor Co. Ltd.,
Class H
23,033
37,294
Guangzhou Automobile Group
Co. Ltd., Class A
10,000
10,539
Honda Motor Co. Ltd.
21,524
173,784
Hyundai Motor Co.
1,183
364,435
Hyundai Motor India Ltd.
1,586
30,032
Isuzu Motors Ltd.
3,500
50,281
Kia Corp.
2,096
206,940
Li Auto, Inc., Class A (a)
10,400
91,809
Mahindra & Mahindra Ltd.
8,315
260,813
Maruti Suzuki India Ltd.
1,111
145,719
Mercedes-Benz Group AG
4,210
257,942
NIO, Inc., Class A (a)
14,033
85,280
Nissan Motor Co. Ltd. (a)
12,600
27,243
Renault SA
1,209
41,318
SAIC Motor Corp. Ltd.,
Class A
6,300
13,461
Seres Group Co. Ltd., Class A
600
7,958
Subaru Corp.
3,800
61,075
Suzuki Motor Corp.
9,100
110,649
Tata Motors Passenger
Vehicles Ltd.
14,891
47,173
Toyota Motor Corp.
55,461
1,150,096
XPeng, Inc., Class A (a)
11,400
97,455
 
Number
of Shares
Fair
Value
Zhejiang Leapmotor
Technology Co. Ltd.,
Class H (a)(f)
4,400
$26,835
 
4,328,217
Automotive Parts & Equipment - 0.1%
Aisin Corp.
3,100
43,567
Bharat Forge Ltd.
2,331
41,782
Bosch Ltd.
68
20,747
Changzhou Xingyu Automotive
Lighting Systems Co. Ltd.,
Class A
300
5,352
Denso Corp.
10,160
127,079
Fuyao Glass Industry Group
Co. Ltd., Class A
900
7,509
Fuyao Glass Industry Group
Co. Ltd., Class H (f)
4,956
37,286
Garrett Motion, Inc.
4,222
76,714
Hesai Group (a)
880
16,727
Huayu Automotive Systems
Co. Ltd., Class A
1,768
4,953
Huizhou Desay Sv Automotive
Co. Ltd., Class A
200
3,048
Hyundai Mobis Co. Ltd.
471
121,528
Magna International, Inc.
1,525
84,896
Ningbo Tuopu Group Co. Ltd.,
Class A
1,160
9,776
Samvardhana Motherson
International Ltd.
42,208
47,372
Sumitomo Electric Industries
Ltd.
4,166
236,139
Tube Investments of India Ltd.
1,021
27,308
 
911,783
Automotive Retail - 0.0%*
Abu Dhabi National Oil Co. for
Distribution PJSC
26,028
27,009
Empresas Copec SA
3,013
20,695
Hotai Motor Co. Ltd.
2,940
45,145
Petronas Dagangan Bhd.
2,800
15,141
Ultrapar Participacoes SA
8,100
44,549
Vibra Energia SA
11,353
68,745
 
221,284
Biotechnology - 0.2%
3SBio, Inc. (f)
17,000
50,122
ADC Therapeutics SA (a)
2,357
8,839
Akeso, Inc. (a)(f)
6,000
102,175
Alteogen, Inc.
348
78,932
Argenx SE (a)
361
261,164
Aurinia Pharmaceuticals, Inc.
(a)
2,825
41,867
Benitec Biopharma, Inc. (a)
442
4,707
Bright Minds Biosciences, Inc.
(a)
166
12,113
Celltrion, Inc.
1,229
164,345
Chongqing Zhifei Biological
Products Co. Ltd., Class A
(a)
3,150
6,891
CRISPR Therapeutics AG (a)
2,169
103,179
CSL Ltd.
2,829
275,828
Fennec Pharmaceuticals, Inc.
(a)
700
4,305
Genmab AS (a)
352
94,506
Grifols SA
1,767
18,428
Imeik Technology
Development Co. Ltd.,
Class A
420
7,173
Innovent Biologics, Inc. (a)(f)
13,500
148,513
See Notes to Schedule of Investments.
 
62
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
PharmaEssentia Corp.
2,329
$44,666
Prothena Corp. PLC (a)
1,110
10,789
Remegen Co. Ltd., Class H
(a)(f)
2,000
24,929
Samsung Episholdings Co.
Ltd. (a)
61
20,713
Sichuan Kelun-Biotech
Biopharmaceutical Co. Ltd.,
Class H (a)
400
23,727
Swedish Orphan Biovitrum AB
(a)
1,272
52,977
TuHURA Biosciences, Inc. (a)
1,361
2,436
Xenon Pharmaceuticals, Inc.
(a)
2,053
119,382
 
1,682,706
Brewers - 0.1%
Ambev SA
40,800
119,151
Anheuser-Busch InBev SA
5,773
398,150
Asahi Group Holdings Ltd.
8,800
87,652
Carlsberg AS, Class B
540
66,877
China Resources Beer
Holdings Co. Ltd.
15,500
51,303
Heineken Holding NV
834
59,165
Heineken NV
1,670
128,048
Kirin Holdings Co. Ltd.
4,500
71,405
Tsingtao Brewery Co. Ltd.,
Class A
800
7,196
Tsingtao Brewery Co. Ltd.,
Class H
4,924
30,593
 
1,019,540
Broadline Retail - 0.5%
Alibaba Group Holding Ltd.
146,800
2,301,308
Allegro.eu SA (a)(f)
7,461
53,327
Canadian Tire Corp. Ltd.,
Class A
278
37,267
Coupang, Inc. (a)
7,440
140,467
Dollarama, Inc.
1,565
191,460
Falabella SA
5,431
32,980
GoTo Gojek Tokopedia Tbk.
PT (a)
6,447,100
19,406
JD.com, Inc., Class A
19,476
287,123
MINISO Group Holding Ltd.
ADR (d)
576
9,331
Naspers Ltd., Class N
6,612
338,098
Next PLC
673
113,282
Pan Pacific International
Holdings Corp.
11,000
66,940
PDD Holdings, Inc. ADR (a)(d)
6,157
629,122
Prosus NV
7,640
352,581
Rakuten Group, Inc. (a)
9,600
44,767
Ryohin Keikaku Co. Ltd.
3,200
68,121
Sea Ltd. ADR (a)(d)
2,303
190,711
Vipshop Holdings Ltd. ADR (d)
3,134
49,267
Vishal Mega Mart Ltd. (a)
16,034
17,991
Wesfarmers Ltd.
6,627
335,871
 
5,279,420
Building Products - 0.1%
AGC, Inc.
1,100
38,876
Assa Abloy AB, Class B
5,836
209,639
Astral Ltd.
1,331
22,625
Beijing New Building Materials
PLC, Class A
1,600
6,073
Belimo Holding AG
64
51,722
Cie de Saint-Gobain SA
2,593
214,008
Daikin Industries Ltd.
1,552
185,707
 
Number
of Shares
Fair
Value
Geberit AG
197
$132,327
Kingspan Group PLC
880
75,011
Nibe Industrier AB, Class B
8,621
35,797
Rockwool AS, Class B
557
15,422
Supreme Industries Ltd.
453
18,127
 
1,005,334
Cargo Ground Transportation - 0.0%*
TFI International, Inc.
424
46,005
Casinos & Gaming - 0.0%*
Allwyn AG
1,582
23,860
Aristocrat Leisure Ltd.
3,199
100,937
Entain PLC
3,492
26,136
Evolution AB (f)
861
53,774
Galaxy Entertainment Group
Ltd.
11,000
49,725
Genius Sports Ltd. (a)
5,146
22,797
Lottery Corp. Ltd.
14,397
53,373
Sands China Ltd.
12,800
27,284
Super Group SGHC Ltd.
3,772
40,738
 
398,624
Coal & Consumable Fuels - 0.1%
Cameco Corp.
2,512
272,305
China Coal Energy Co. Ltd.,
Class H
15,000
25,284
China Shenhua Energy Co.
Ltd., Class A
3,300
22,337
China Shenhua Energy Co.
Ltd., Class H
28,490
168,659
Coal India Ltd.
12,795
61,174
Dian Swastatika Sentosa Tbk.
PT (a)
7,000
27,185
Encore Energy Corp. (a)
4,374
7,873
Inner Mongolia Dian Tou
Energy Corp. Ltd., Class A
3,800
16,631
Inner Mongolia Yitai Coal Co.
Ltd., Class B
8,600
18,499
Petrindo Jaya Kreasi Tbk. PT
150,000
9,339
Shaanxi Coal Industry Co.
Ltd., Class A
3,600
13,338
Shanxi Lu'an Environmental
Energy Development Co.
Ltd., Class A
5,200
10,202
United Tractors Tbk. PT
14,700
26,858
Yankuang Energy Group Co.
Ltd., Class A
4,485
12,565
Yankuang Energy Group Co.
Ltd., Class H
26,900
50,092
 
742,341
Commercial Printing - 0.0%*
Cimpress PLC (a)
409
29,857
Dai Nippon Printing Co. Ltd.
2,200
39,987
TOPPAN Holdings, Inc.
1,300
34,204
 
104,048
Commodity Chemicals - 0.1%
Asahi Kasei Corp.
7,500
73,206
Barito Pacific Tbk. PT (a)
178,588
14,344
Chandra Asri Pacific Tbk. PT
76,300
21,437
Formosa Chemicals & Fibre
Corp.
30,000
42,831
Formosa Plastics Corp.
39,000
56,735
Guangzhou Tinci Materials
Technology Co. Ltd.,
Class A
1,860
12,492
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
63
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Hengli Petrochemical Co. Ltd.,
Class A
7,500
$23,728
Jiangsu Eastern Shenghong
Co. Ltd., Class A (a)
4,600
7,160
LB Group Co. Ltd., Class A
2,100
5,322
LG Chem Ltd.
397
81,147
Mesaieed Petrochemical
Holding Co.
65,734
19,709
Nan Ya Plastics Corp.
43,000
102,799
Orion SA
1,390
9,035
Petronas Chemicals Group
Bhd.
16,900
25,407
Rongsheng Petrochemical Co.
Ltd., Class A
850
1,489
Satellite Chemical Co. Ltd.,
Class A
3,525
14,246
Saudi Basic Industries Corp.
6,954
111,116
Solar Industries India Ltd.
242
31,020
Toray Industries, Inc.
8,900
63,238
Yanbu National Petrochemical
Co.
2,034
19,097
Zhejiang Juhua Co. Ltd.,
Class A
500
2,502
 
738,060
Communications Equipment - 0.1%
Accton Technology Corp.
4,000
197,349
BYD Electronic International
Co. Ltd.
6,520
23,456
Nokia OYJ
30,878
246,922
Suzhou TFC Optical
Communication Co. Ltd.,
Class A
400
18,002
Telefonaktiebolaget LM
Ericsson, Class B
16,282
184,457
Yangtze Optical Fibre & Cable
Joint Stock Ltd. Co., Class H
(f)
3,500
84,588
Yealink Network Technology
Corp. Ltd., Class A
1,540
7,384
Zhongji Innolight Co. Ltd.,
Class A
700
59,981
ZTE Corp., Class A
2,700
12,884
ZTE Corp., Class H
5,000
14,133
 
849,156
Construction & Engineering - 0.2%
ACS Actividades de
Construccion y Servicios SA
1,029
125,096
AtkinsRealis Group, Inc.
900
57,719
Bouygues SA
1,105
63,840
Budimex SA
101
18,082
China Energy Engineering
Corp. Ltd., Class A
34,900
14,772
China National Chemical
Engineering Co. Ltd.,
Class A
10,700
13,711
China Railway Group Ltd.,
Class A
5,800
4,586
China Railway Group Ltd.,
Class H
43,000
22,333
China State Construction
Engineering Corp. Ltd.,
Class A
19,800
14,433
China State Construction
International Holdings Ltd.
20,000
21,249
Eiffage SA
402
61,459
Gamuda Bhd.
39,271
36,466
HOCHTIEF AG
98
44,437
Hyundai Engineering &
Construction Co. Ltd.
670
65,412
 
Number
of Shares
Fair
Value
Kajima Corp.
2,400
$91,335
Larsen & Toubro Ltd.
5,536
205,816
Metallurgical Corp. of China
Ltd., Class A
24,100
10,605
Obayashi Corp.
3,700
89,399
Power Construction Corp. of
China Ltd., Class A
12,000
10,042
Rail Vikas Nigam Ltd.
4,468
11,886
Shimizu Corp.
3,200
57,273
Sichuan Road & Bridge Group
Co. Ltd., Class A
9,800
14,288
Skanska AB, Class B
2,192
58,921
Stantec, Inc.
700
60,322
Taisei Corp.
900
93,016
Vinci SA
2,889
432,267
Voltas Ltd.
2,396
32,451
WSP Global, Inc.
781
121,161
 
1,852,377
Construction Machinery & Heavy Transportation
Equipment - 0.2%
Aebi Schmidt Holding AG
844
8,195
Alstom SA (a)
2,229
63,544
Ashok Leyland Ltd.
29,270
48,031
China CSSC Holdings Ltd.,
Class A
4,000
17,996
CRRC Corp. Ltd., Class A
13,000
12,006
CRRC Corp. Ltd., Class H
33,000
21,498
Cummins India Ltd.
1,341
64,208
Daimler Truck Holding AG
2,663
130,727
Epiroc AB, Class A
3,807
93,130
Epiroc AB, Class B
2,516
53,560
Hanwha Ocean Co. Ltd. (a)
1,048
86,268
HD Hyundai Heavy Industries
Co. Ltd.
343
109,870
HD Korea Shipbuilding &
Offshore Engineering Co.
Ltd.
367
85,059
Hyundai Rotem Co. Ltd.
656
75,542
Knorr-Bremse AG
469
53,415
Komatsu Ltd.
5,514
219,039
Metso OYJ
3,807
65,768
Samsung Heavy Industries Co.
Ltd. (a)
5,823
97,577
Sany Heavy Industry Co. Ltd.,
Class A
5,300
14,890
Sinotruk Hong Kong Ltd.
8,000
39,919
Tata Motors Ltd./new (a)
16,069
68,629
Volvo AB, Class A
2,388
77,729
Volvo AB, Class B
6,883
224,892
Weichai Power Co. Ltd.,
Class H
17,401
61,716
XCMG Construction
Machinery Co. Ltd., Class A
9,300
13,695
Yangzijiang Shipbuilding
Holdings Ltd.
16,700
49,434
Zhuzhou CRRC Times Electric
Co. Ltd., Class H
3,800
17,772
Zoomlion Heavy Industry
Science & Technology Co.
Ltd., Class A
8,700
10,934
 
1,885,043
Construction Materials - 0.1%
Ambuja Cements Ltd.
6,240
26,621
Anhui Conch Cement Co. Ltd.,
Class A
2,769
9,334
Anhui Conch Cement Co. Ltd.,
Class H
12,081
32,887
See Notes to Schedule of Investments.
 
64
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Asia Cement Corp.
23,000
$25,148
Cemex SAB de CV
133,800
152,404
China Jushi Co. Ltd., Class A
4,114
14,708
China National Building
Material Co. Ltd., Class H
30,990
19,014
Grasim Industries Ltd.
2,556
69,363
Heidelberg Materials AG
777
163,458
Shree Cement Ltd.
67
16,382
Siam Cement PCL NVDR
5,839
37,252
TCC Group Holdings Co. Ltd.
59,595
43,408
Titan America SA (a)
657
9,842
UltraTech Cement Ltd.
919
104,967
 
724,788
Consumer Electronics - 0.1%
Dixon Technologies India Ltd.
320
33,148
LG Electronics, Inc.
691
50,098
Panasonic Holdings Corp.
13,600
227,538
Sony Group Corp.
35,945
747,379
 
1,058,163
Consumer Finance - 0.0%*
Bajaj Finance Ltd.
22,664
193,929
Cholamandalam Investment &
Finance Co. Ltd.
3,448
49,851
Muthoot Finance Ltd.
1,041
34,958
SBI Cards & Payment
Services Ltd.
330
2,211
Shriram Finance Ltd.
11,586
107,794
Sundaram Finance Ltd.
575
26,526
 
415,269
Consumer Staples Merchandise Retail - 0.0%*
Aeon Co. Ltd.
12,925
154,157
Carrefour SA
3,452
63,715
Cencosud SA
10,731
29,063
Wal-Mart de Mexico SAB de
CV
44,486
143,507
 
390,442
Copper - 0.1%
Amman Mineral Internasional
PT (a)
119,600
34,550
Antofagasta PLC
2,281
101,911
China Nonferrous Mining Corp.
Ltd.
10,000
15,010
First Quantum Minerals Ltd.
(a)
4,089
97,453
Jiangxi Copper Co. Ltd.,
Class H
8,782
39,008
KGHM Polska Miedz SA (a)
1,370
99,667
Lundin Mining Corp.
3,973
98,759
Southern Copper Corp.
1,289
221,785
Tongling Nonferrous Metals
Group Co. Ltd., Class A
7,200
6,192
 
714,335
Data Processing & Outsourced Services - 0.0%*
Computershare Ltd.
3,345
65,489
Distillers & Vintners - 0.1%
Anhui Gujing Distillery Co.
Ltd., Class A
400
5,988
Davide Campari-Milano NV
3,097
22,057
Diageo PLC
12,974
240,387
Jiangsu King's Luck Brewery
JSC Ltd., Class A
1,400
5,399
 
Number
of Shares
Fair
Value
Kweichow Moutai Co. Ltd.,
Class A
700
$147,441
Luzhou Laojiao Co. Ltd.,
Class A
600
9,148
Pernod Ricard SA
1,165
86,358
Shanxi Xinghuacun Fen Wine
Factory Co. Ltd., Class A
440
9,160
United Spirits Ltd.
1,907
24,505
Wuliangye Yibin Co. Ltd.,
Class A
2,300
34,546
 
584,989
Distributors - 0.0%*
D'ieteren Group
108
19,934
Zhejiang China Commodities
City Group Co. Ltd., Class A
1,400
2,649
 
22,583
Diversified Banks - 3.4%
ABN AMRO Bank NV
3,374
106,621
Absa Group Ltd.
7,354
104,719
Abu Dhabi Commercial Bank
PJSC
30,671
104,717
Abu Dhabi Islamic Bank PJSC
13,145
75,627
Agricultural Bank of China
Ltd., Class A
45,447
44,087
Agricultural Bank of China
Ltd., Class H
224,717
160,762
AIB Group PLC
12,391
131,858
Akbank TAS
32,402
48,319
Al Rajhi Bank
16,071
458,131
Al Rayan Bank
59,930
35,980
Alinma Bank
12,239
94,777
Alpha Bank SA
10,624
39,283
AMMB Holdings Bhd.
24,600
40,224
ANZ Group Holdings Ltd.
17,611
439,592
Arab National Bank
8,992
51,630
Axis Bank Ltd.
19,561
242,267
Banca Monte dei Paschi di
Siena SpA
11,408
99,226
Banco Bilbao Vizcaya
Argentaria SA
33,390
718,932
Banco BPM SpA
6,558
90,937
Banco Bradesco SA
13,567
43,414
Banco Comercial Portugues
SA, Class R
39,791
38,633
Banco de Chile
422,330
76,043
Banco de Credito e
Inversiones SA
855
54,942
Banco de Sabadell SA
29,046
103,723
Banco do Brasil SA
13,300
58,580
Banco Santander Chile
538,485
44,234
Banco Santander SA
85,957
960,597
Bank AlBilad
6,798
49,689
Bank Al-Jazira
6,106
19,247
Bank Central Asia Tbk. PT
470,900
181,900
Bank Hapoalim BM
7,274
170,116
Bank Leumi Le-Israel BM
8,628
192,140
Bank Mandiri Persero Tbk. PT
295,000
82,807
Bank Millennium SA (a)
5,250
23,169
Bank Negara Indonesia
Persero Tbk. PT
113,700
25,391
Bank of Baroda
8,996
23,715
Bank of Beijing Co. Ltd.,
Class A
12,200
9,733
Bank of China Ltd., Class A
17,494
14,876
Bank of China Ltd., Class H
592,868
378,616
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
65
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Bank of Communications Co.
Ltd., Class A
65,200
$66,123
Bank of Communications Co.
Ltd., Class H
73,127
66,101
Bank of Ireland Group PLC
5,507
99,599
Bank of Montreal
4,095
552,886
Bank of Nova Scotia
7,250
501,170
Bank of NT Butterfield & Son
Ltd.
991
52,008
Bank of Shanghai Co. Ltd.,
Class A
9,900
14,205
Bank of the Philippine Islands
17,822
29,307
Bank Polska Kasa Opieki SA
1,579
93,164
Bank Rakyat Indonesia
Persero Tbk. PT
566,509
113,200
Bankinter SA
3,951
62,376
Banque Saudi Fransi
12,239
65,289
Barclays PLC
80,853
421,576
BAWAG Group AG (f)
442
66,984
BDO Unibank, Inc.
20,539
38,641
BNP Paribas SA
5,876
558,001
BOC Hong Kong Holdings Ltd.
21,500
118,631
Boubyan Bank KSCP
13,021
28,809
BPER Banca SpA
8,526
111,382
CaixaBank SA
22,524
269,157
Canadian Imperial Bank of
Commerce
5,383
508,541
Canara Bank
19,083
25,141
Capitec Bank Holdings Ltd.
788
191,387
Chang Hwa Commercial Bank
Ltd.
80,369
51,636
China CITIC Bank Corp. Ltd.,
Class H
63,881
64,714
China Common Rich
Renewable Energy
Investments Ltd. (a)(c)**
64,000
—
China Construction Bank
Corp., Class A
23,400
32,735
China Construction Bank
Corp., Class H
818,000
882,909
China Everbright Bank Co.
Ltd., Class A
34,220
15,954
China Merchants Bank Co.
Ltd., Class A
8,800
50,298
China Merchants Bank Co.
Ltd., Class H
32,000
203,361
China Minsheng Banking
Corp. Ltd., Class A
14,500
7,971
China Minsheng Banking
Corp. Ltd., Class H
65,700
30,902
China Zheshang Bank Co.
Ltd., Class A
23,140
10,079
CIMB Group Holdings Bhd.
71,394
133,922
Commercial Bank PSQC
29,636
34,723
Commercial International Bank
- Egypt (CIB)
27,281
60,541
Commerzbank AG
4,258
154,838
Commonwealth Bank of
Australia
9,796
1,138,781
Credicorp Ltd.
600
203,508
Credit Agricole SA
6,134
114,125
CTBC Financial Holding Co.
Ltd.
148,000
240,517
Danske Bank AS
3,887
190,965
DBS Group Holdings Ltd.
12,441
551,716
DNB Bank ASA
5,151
160,207
Dubai Islamic Bank PJSC (a)
28,069
56,936
E.Sun Financial Holding Co.
Ltd.
117,064
116,258
Emirates NBD Bank PJSC
16,052
120,934
 
Number
of Shares
Fair
Value
Erste Group Bank AG
1,791
$192,862
Eurobank SA, Class A
24,458
97,621
FinecoBank Banca Fineco
SpA
3,521
78,090
First Abu Dhabi Bank PJSC
37,015
175,630
First Financial Holding Co. Ltd.
88,118
78,511
Grupo Cibest SA
2,228
51,703
Grupo Financiero Banorte
SAB de CV, Class O
22,400
246,802
Grupo Financiero Inbursa SAB
de CV, Class O
11,800
29,530
Gulf Bank KSCP
17,838
18,956
Haci Omer Sabanci Holding
AS
10,499
21,221
Hana Financial Group, Inc.
2,541
185,231
HDFC Bank Ltd.
94,730
742,024
Hong Leong Bank Bhd.
6,300
34,239
HSBC Holdings PLC
100,564
1,645,406
Hua Nan Financial Holdings
Co. Ltd.
72,292
75,786
Huaxia Bank Co. Ltd., Class A
7,000
7,432
ICICI Bank Ltd.
45,363
582,336
IDFC First Bank Ltd.
32,400
20,279
IndusInd Bank Ltd. (a)
5,854
46,895
Industrial & Commercial Bank
of China Ltd., Class A
33,600
37,161
Industrial & Commercial Bank
of China Ltd., Class H
547,505
482,659
Industrial Bank Co. Ltd.,
Class A
12,500
34,061
Industrial Bank of Korea
2,374
34,291
ING Groep NV
17,061
441,448
Intesa Sanpaolo SpA
81,405
490,773
Israel Discount Bank Ltd.,
Class A
7,044
70,831
Japan Post Bank Co. Ltd.
10,400
169,216
Kasikornbank PCL
3,212
18,602
KB Financial Group, Inc.
3,042
298,635
KBC Group NV
1,335
162,877
Komercni Banka AS
792
40,241
Kotak Mahindra Bank Ltd.
44,034
165,759
Krung Thai Bank PCL NVDR
36,068
38,571
Kuwait Finance House KSCP
93,309
242,615
Lloyds Banking Group PLC
344,003
424,790
Malayan Banking Bhd.
45,189
127,193
mBank SA (a)
162
46,932
Mega Financial Holding Co.
Ltd.
92,795
112,620
Metropolitan Bank & Trust Co.
14,020
14,655
Mitsubishi UFJ Financial
Group, Inc.
65,982
1,114,630
Mizrahi Tefahot Bank Ltd.
896
65,203
Mizuho Financial Group, Inc.
14,600
589,632
Moneta Money Bank AS (f)
2,917
25,322
National Australia Bank Ltd.
17,935
514,984
National Bank of Canada
2,249
290,095
National Bank of Greece SA
7,675
118,188
National Bank of Kuwait SAKP
71,282
211,282
NatWest Group PLC
46,688
344,581
Nedbank Group Ltd.
4,003
62,383
Nordea Bank Abp
18,035
307,949
NU Holdings Ltd., Class A (a)
47,900
688,323
OTP Bank Nyrt
2,041
217,158
Oversea-Chinese Banking
Corp. Ltd.
19,730
336,765
Ping An Bank Co. Ltd.,
Class A
9,900
15,942
Piraeus Bank SA
10,654
87,257
See Notes to Schedule of Investments.
 
66
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Postal Savings Bank of China
Co. Ltd., Class A
12,000
$8,932
Postal Savings Bank of China
Co. Ltd., Class H (f)
75,675
47,546
Powszechna Kasa
Oszczednosci Bank Polski
SA
6,517
153,498
Public Bank Bhd.
111,100
128,997
Punjab National Bank
18,098
19,389
Qatar International Islamic
Bank QSC
8,620
26,375
Qatar Islamic Bank QPSC
11,475
71,707
Qatar National Bank QPSC
40,852
191,189
Raiffeisen Bank International
AG
688
29,372
RHB Bank Bhd.
17,271
36,129
Riyad Bank
11,123
88,110
Royal Bank of Canada
8,217
1,324,094
Santander Bank Polska SA
259
40,891
Saudi Awwal Bank
8,530
85,255
Saudi Investment Bank
5,604
19,865
Saudi National Bank
22,889
258,390
Sberbank of Russia PJSC
(a)(c)**
192,160
—
SCB X PCL NVDR
10,310
45,322
Shanghai Commercial &
Savings Bank Ltd.
26,565
32,562
Shanghai Pudong
Development Bank Co. Ltd.,
Class A
14,400
21,225
Shanghai Rural Commercial
Bank Co. Ltd., Class A
5,400
7,123
Shinhan Financial Group Co.
Ltd.
3,753
223,684
SinoPac Financial Holdings
Co. Ltd.
122,703
119,133
Skandinaviska Enskilda
Banken AB, Class A
8,802
161,634
Societe Generale SA
4,027
293,110
Standard Bank Group Ltd.
11,904
213,107
Standard Chartered PLC
11,184
232,210
State Bank of India
14,438
150,576
Sumitomo Mitsui Financial
Group, Inc.
21,399
701,903
Sumitomo Mitsui Trust Group,
Inc.
3,700
117,584
Svenska Handelsbanken AB,
Class A
8,456
110,784
Swedbank AB, Class A
4,937
167,218
Taiwan Business Bank
68,614
32,556
Taiwan Cooperative Financial
Holding Co. Ltd.
84,073
62,200
TCS Group Holding PLC GDR
(a)(c)**
500
—
TMBThanachart Bank PCL
400,000
27,896
Toronto-Dominion Bank
9,878
919,601
TS Financial Holding Co. Ltd.
175,309
128,947
Turkiye Is Bankasi AS, Class C
71,659
21,232
UniCredit SpA
8,197
586,227
Union Bank of India Ltd.
17,524
30,725
United Overseas Bank Ltd.
7,300
208,247
VTB Bank PJSC (a)(c)**
14,053
—
Westpac Banking Corp.
19,996
548,550
Woori Financial Group, Inc.
5,721
125,415
Yapi ve Kredi Bankasi AS (a)
23,452
17,550
Yes Bank Ltd. (a)
126,490
23,231
 
34,954,931
 
Number
of Shares
Fair
Value
Diversified Capital Markets - 0.2%
Banco BTG Pactual SA
11,208
$120,817
Deutsche Bank AG
10,590
314,164
Macquarie Group Ltd.
2,112
297,828
Mirae Asset Securities Co. Ltd.
1,580
66,961
UBS Group AG
18,567
720,431
 
1,520,201
Diversified Chemicals - 0.1%
BASF SE
5,205
319,566
Mitsubishi Chemical Group
Corp.
7,700
44,906
Ningxia Baofeng Energy
Group Co. Ltd., Class A
3,200
13,464
Pidilite Industries Ltd.
2,454
33,247
Sasol Ltd. (a)
4,033
52,586
SRF Ltd.
1,201
31,186
 
494,955
Diversified Financial Services - 0.1%
Bajaj Finserv Ltd.
3,489
60,604
Banca Mediolanum SpA
1,143
23,085
FirstRand Ltd.
44,771
226,569
Jio Financial Services Ltd.
26,009
62,123
M&G PLC
14,762
53,423
Meritz Financial Group, Inc. (a)
739
56,039
ORIX Corp.
6,800
201,277
Poste Italiane SpA (f)
2,624
61,571
Sony Financial Group, Inc.
34,045
31,112
Yuanta Financial Holding Co.
Ltd.
92,528
131,534
 
907,337
Diversified Metals & Mining - 0.4%
Anglo American PLC
6,525
279,117
BHP Group Ltd.
29,724
1,067,618
Boliden AB (a)
1,644
85,642
Bumi Resources Minerals Tbk.
PT (a)
416,700
18,219
China Northern Rare Earth
Group High-Tech Co. Ltd.,
Class A
2,000
13,943
Cia de Minas Buenaventura
SAA ADR (d)
1,600
57,664
CMOC Group Ltd., Class A
14,500
36,982
CMOC Group Ltd., Class H
33,000
69,413
Critical Metals Corp. (a)
1,295
10,282
Glencore PLC (a)
58,258
439,605
GMK Norilskiy Nickel PAO
(a)(c)**
30,500
—
Grupo Mexico SAB de CV
27,642
294,047
Henan Shenhuo Coal Industry
& Electricity Power Co. Ltd.,
Class A
4,000
18,046
Ivanhoe Mines Ltd., Class A
(a)
5,082
43,298
JX Advanced Metals Corp.
3,200
70,753
Lifezone Metals Ltd. (a)
965
3,242
Lynas Rare Earths Ltd. (a)
5,213
70,261
MMC Norilsk Nickel PJSC
ADR (a)(c)**
8,131
—
MMG Ltd. (a)
36,000
34,113
Rio Tinto Ltd.
2,164
244,060
Rio Tinto PLC
6,600
610,039
Saudi Arabian Mining Co. (a)
12,040
208,088
South32 Ltd.
25,824
77,623
Sumitomo Metal Mining Co.
Ltd.
1,400
81,287
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
67
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Teck Resources Ltd., Class B
2,610
$134,844
Vedanta Ltd.
13,242
92,908
Western Mining Co. Ltd.,
Class A
1,400
5,178
 
4,066,272
Diversified Real Estate Activities - 0.1%
Aldar Properties PJSC (a)
35,099
75,864
Ayala Land, Inc.
55,900
14,948
Daito Trust Construction Co.
Ltd.
1,800
42,079
Daiwa House Industry Co. Ltd.
3,200
100,150
DLF Ltd.
4,972
26,728
Makkah Construction &
Development Co.
893
20,217
Mitsubishi Estate Co. Ltd.
6,200
171,674
Mitsui Fudosan Co. Ltd.
15,400
163,773
Phoenix Mills Ltd.
2,078
33,306
Sumitomo Realty &
Development Co. Ltd.
3,500
99,075
Sun Hung Kai Properties Ltd.
8,500
141,550
Wharf Holdings Ltd.
6,000
16,561
 
905,925
Diversified REITs - 0.0%*
CapitaLand Integrated
Commercial Trust
34,912
62,390
Covivio SA
331
19,719
Fibra Uno Administracion SA
de CV
24,600
39,774
Land Securities Group PLC
3,910
28,735
Stockland
15,234
45,395
 
196,013
Diversified Support Services - 0.0%*
Brambles Ltd.
7,871
122,625
Element Fleet Management
Corp.
2,547
55,063
RB Global, Inc.
2,242
214,613
 
392,301
Drug Retail - 0.0%*
Alibaba Health Information
Technology Ltd. (a)
38,000
22,918
Clicks Group Ltd.
2,503
42,326
JD Health International, Inc.
(a)(f)
9,950
60,741
MatsukiyoCocokara & Co.
1,700
26,992
Raia Drogasil SA
9,998
45,051
Tsuruha Holdings, Inc.
1,400
21,829
 
219,857
Education Services - 0.0%*
New Oriental Education &
Technology Group, Inc.
10,700
60,615
Pearson PLC
3,715
48,797
TAL Education Group ADR
(a)(d)
3,800
43,206
 
152,618
Electric Utilities - 0.4%
Acciona SA
155
40,630
Axia Energia
11,827
132,630
BKW AG
125
24,524
CEZ AS
1,188
66,862
Chubu Electric Power Co., Inc.
3,900
64,143
Cia Paranaense de Energia -
Copel
11,700
34,572
 
Number
of Shares
Fair
Value
CK Infrastructure Holdings Ltd.
3,500
$28,071
CLP Holdings Ltd.
9,500
89,453
Contact Energy Ltd.
4,959
26,167
CPFL Energia SA
2,500
23,344
EDP SA
18,113
95,546
Elia Group SA (a)
241
36,900
Emera, Inc.
1,705
88,100
Endesa SA
1,827
75,951
Enel Chile SA
255,380
19,553
Enel SpA
47,537
518,073
Energisa SA
2,713
27,255
Equatorial SA
11,213
87,545
Fortis, Inc.
2,968
165,058
Fortum OYJ
2,575
65,642
Hydro One Ltd. (f)
1,879
77,352
Iberdrola SA
37,644
859,106
Inter RAO UES PJSC (a)(c)**
467,243
—
Interconexion Electrica SA
ESP
4,716
36,093
Kansai Electric Power Co., Inc.
5,500
91,222
Korea Electric Power Corp.
2,189
62,234
Manila Electric Co.
2,390
24,293
Origin Energy Ltd.
9,929
84,815
PGE Polska Grupa
Energetyczna SA (a)
10,086
28,488
Power Assets Holdings Ltd.
8,000
62,424
Power Grid Corp. of India Ltd.
39,823
125,374
Public Power Corp. SA
1,890
39,389
Redeia Corp. SA
2,552
43,121
Saudi Energy Co.
6,652
30,257
SSE PLC
7,035
242,290
Tata Power Co. Ltd.
14,815
59,640
Tenaga Nasional Bhd.
25,400
87,485
Terna - Rete Elettrica
Nazionale
8,124
92,624
Torrent Power Ltd.
1,639
22,768
Verbund AG
428
32,604
 
3,811,598
Electrical Components & Equipment - 0.3%
ABB Ltd.
9,169
741,848
Bizlink Holding, Inc.
1,000
57,421
CG Power & Industrial
Solutions Ltd.
7,135
49,685
CNGR Advanced Material Co.
Ltd., Class A
280
2,026
Contemporary Amperex
Technology Co. Ltd.,
Class A
2,400
142,029
Contemporary Amperex
Technology Co. Ltd.,
Class H
700
55,803
Ecopro BM Co. Ltd.
456
59,742
Ecopro Co. Ltd.
831
80,228
Eve Energy Co. Ltd., Class A
100
918
Fortune Electric Co. Ltd.
1,320
33,732
Fuji Electric Co. Ltd.
900
62,894
Fujikura Ltd.
9,000
246,919
Goneo Group Co. Ltd.,
Class A
812
4,950
Havells India Ltd.
1,894
23,775
Jiangsu Zhongtian Technology
Co. Ltd., Class A
4,400
19,510
Legrand SA
1,528
236,632
LG Energy Solution Ltd. (a)
383
104,778
LS Electric Co. Ltd.
134
66,978
NIDEC Corp.
5,300
67,138
See Notes to Schedule of Investments.
 
68
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Ningbo Deye Technology Co.
Ltd., Class A
705
$13,565
Polycab India Ltd.
418
30,586
POSCO Future M Co. Ltd.
279
38,541
Prysmian SpA
1,638
192,822
Sungrow Power Supply Co.
Ltd., Class A
660
14,683
T1 Energy, Inc. (a)
4,831
21,208
TBEA Co. Ltd., Class A
5,460
21,354
Teco Electric & Machinery Co.
Ltd.
8,000
15,710
WEG SA
14,646
143,068
Zhejiang Chint Electrics Co.
Ltd., Class A
1,800
8,596
Zhejiang Huayou Cobalt Co.
Ltd., Class A
1,530
13,319
 
2,570,458
Electronic Components - 0.3%
Avary Holding Shenzhen Co.
Ltd., Class A
2,900
22,412
BOE Technology Group Co.
Ltd., Class A
28,600
16,325
Chaozhou Three-Circle Group
Co. Ltd., Class A
2,200
17,263
Delta Electronics Thailand
PCL NVDR
26,640
216,370
Delta Electronics, Inc.
16,000
721,446
E Ink Holdings, Inc.
7,000
30,534
Elite Material Co. Ltd.
3,000
256,039
Eoptolink Technology, Inc. Ltd.,
Class A
600
39,828
Gold Circuit Electronics Ltd.
3,000
84,594
Ibiden Co. Ltd.
1,500
74,879
Innolux Corp.
75,293
57,785
Kyocera Corp.
7,400
113,194
Largan Precision Co. Ltd.
1,000
68,593
Lens Technology Co. Ltd.,
Class A
4,960
20,628
LG Display Co. Ltd. (a)
2,053
15,075
Lingyi iTech Guangdong Co.,
Class A
8,000
15,192
Lotes Co. Ltd.
1,000
66,737
Luxshare Precision Industry
Co. Ltd., Class A
5,600
41,148
Murata Manufacturing Co. Ltd.
9,700
217,114
Samsung Electro-Mechanics
Co. Ltd.
466
133,513
Samsung SDI Co. Ltd. (a)
522
144,638
Shengyi Technology Co. Ltd.,
Class A
1,400
11,244
Shennan Circuits Co. Ltd.,
Class A
340
11,104
Sunny Optical Technology
Group Co. Ltd.
7,100
49,509
TDK Corp.
11,300
146,435
Unimicron Technology Corp.
11,338
165,902
Victory Giant Technology
Huizhou Co. Ltd., Class A
500
18,705
Yageo Corp.
14,572
115,154
Zhen Ding Technology Holding
Ltd.
5,665
37,858
 
2,929,218
Electronic Equipment & Instruments - 0.1%
Chroma ATE, Inc.
3,000
143,953
Halma PLC
2,198
111,750
Hexagon AB, Class B
12,035
116,393
Keyence Corp.
1,182
419,664
 
Number
of Shares
Fair
Value
Shimadzu Corp.
1,500
$35,558
SUPCON Technology Co. Ltd.,
Class A
1,570
14,863
TCL Technology Group Corp.,
Class A
14,329
8,936
Wuhan Guide Infrared Co.
Ltd., Class A (a)
4,550
8,445
Yokogawa Electric Corp.
1,500
46,244
Zhejiang Dahua Technology
Co. Ltd., Class A
2,800
6,921
 
912,727
Electronic Manufacturing Services - 0.1%
AAC Technologies Holdings,
Inc.
6,000
25,739
Celestica, Inc. (a)
669
188,119
Fabrinet (a)
859
447,986
Foxconn Industrial Internet Co.
Ltd., Class A
5,500
42,462
GoerTek, Inc., Class A
2,448
8,154
Hon Hai Precision Industry Co.
Ltd.
107,000
654,066
Wingtech Technology Co. Ltd.,
Class A (a)
1,200
5,448
 
1,371,974
Environmental & Facilities Services - 0.0%*
Rentokil Initial PLC
14,588
90,197
Zhejiang Weiming
Environment Protection Co.
Ltd., Class A
2,300
8,409
 
98,606
Fertilizers & Agricultural Chemicals - 0.1%
Coromandel International Ltd.
1,085
22,095
ICL Group Ltd.
3,878
19,931
Nutrien Ltd.
2,830
212,947
PhosAgro PJSC (a)(c)**
13
—
PhosAgro PJSC GDR (a)(c)**
1,956
—
PI Industries Ltd.
788
22,809
Qinghai Salt Lake Industry Co.
Ltd., Class A (a)
3,300
17,981
SABIC Agri-Nutrients Co.
2,118
81,339
Shandong Hualu Hengsheng
Chemical Co. Ltd., Class A
2,470
12,946
UPL Ltd.
4,421
26,818
Yara International ASA
1,041
60,488
 
477,354
Financial Exchanges & Data - 0.2%
ASX Ltd.
1,242
44,733
B3 SA - Brasil Bolsa Balcao
43,000
151,514
BSE Ltd.
1,766
50,843
Deutsche Boerse AG
1,099
320,930
East Money Information Co.
Ltd., Class A
10,388
28,721
Euronext NV (f)
447
71,553
Hithink RoyalFlush Information
Network Co. Ltd., Class A
500
21,864
Hong Kong Exchanges &
Clearing Ltd.
6,983
352,323
Japan Exchange Group, Inc.
5,600
65,239
London Stock Exchange
Group PLC
2,674
314,597
Moscow Exchange
MICEX-RTS PJSC (a)(c)**
17,461
—
Saudi Tadawul Group Holding
Co.
423
15,663
Singapore Exchange Ltd.
4,936
75,040
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
69
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
TMX Group Ltd.
1,786
$63,132
 
1,576,152
Food Distributors - 0.0%*
Bid Corp. Ltd.
1,882
44,812
Food Retail - 0.2%
Alimentation Couche-Tard, Inc.
4,249
240,073
Avenue Supermarts Ltd. (a)(f)
1,195
50,301
BIM Birlesik Magazalar AS
4,120
63,449
Coles Group Ltd.
7,772
116,998
CP ALL PCL NVDR
44,524
62,091
Dino Polska SA (a)(f)
3,060
27,537
Empire Co. Ltd., Class A
669
23,888
George Weston Ltd.
1,058
74,508
Grupo Comercial Chedraui SA
de CV
2,700
15,759
J Sainsbury PLC
11,138
49,791
Jeronimo Martins SGPS SA
1,582
37,708
Kesko OYJ, Class B
1,509
33,407
Koninklijke Ahold Delhaize NV
5,194
241,117
Loblaw Cos. Ltd.
3,394
154,238
Marks & Spencer Group PLC
13,239
59,430
Metro, Inc.
1,256
85,662
President Chain Store Corp.
6,000
42,258
Seven & i Holdings Co. Ltd.
12,151
163,031
Shoprite Holdings Ltd.
4,310
69,869
Sumber Alfaria Trijaya Tbk. PT
150,100
13,172
Tesco PLC
37,213
233,019
Woolworths Group Ltd.
7,104
178,079
Zabka Group SA (a)
3,460
20,619
 
2,056,004
Footwear - 0.0%*
Asics Corp.
4,000
107,280
Birkenstock Holding PLC (a)
400
14,332
On Holding AG, Class A (a)
1,200
40,824
 
162,436
Forest Products - 0.0%*
Svenska Cellulosa AB SCA,
Class B
3,945
45,454
Gas Utilities - 0.1%
AltaGas Ltd.
1,809
62,545
APA Group
7,501
51,294
Beijing Enterprises Holdings
Ltd.
3,000
11,471
Brookfield Infrastructure Corp.,
Class A
2,887
114,094
China Gas Holdings Ltd.
25,616
23,410
China Resources Gas Group
Ltd.
7,700
18,765
ENN Energy Holdings Ltd.
7,200
58,633
GAIL India Ltd.
27,049
39,645
Hong Kong & China Gas Co.
Ltd.
71,650
65,185
Italgas SpA
3,833
44,509
Kunlun Energy Co. Ltd.
40,000
36,554
Naturgy Energy Group SA
1,517
45,270
Osaka Gas Co. Ltd.
2,100
84,854
Petronas Gas Bhd.
6,549
29,049
Snam SpA
11,631
87,832
Tokyo Gas Co. Ltd.
1,800
84,568
 
857,678
 
Number
of Shares
Fair
Value
Gold - 0.4%
Agnico Eagle Mines Ltd.
2,922
$591,226
Alamos Gold, Inc., Class A
2,402
106,524
Anglogold Ashanti PLC
7,063
693,228
Barrick Mining Corp.
9,878
402,396
Caledonia Mining Corp. PLC
439
9,917
China Gold International
Resources Corp. Ltd.
1,500
29,704
Endeavour Mining PLC
1,238
74,313
Evolution Mining Ltd.
11,755
105,076
Franco-Nevada Corp.
1,159
286,065
Gold Fields Ltd.
7,596
345,050
Harmony Gold Mining Co. Ltd.
4,597
69,423
Kinross Gold Corp.
7,070
215,461
Lundin Gold, Inc.
700
53,325
Northern Star Resources Ltd.
7,872
113,596
Novagold Resources, Inc. (a)
6,680
59,986
Pan American Silver Corp.
2,450
133,600
Polyus PJSC GDR (a)(c)**
977
—
Polyus PJSC (a)(c)**
1,220
—
Shandong Gold Mining Co.
Ltd., Class H (f)
8,500
35,856
SSR Mining, Inc. (a)
4,883
143,560
Vox Royalty Corp.
1,313
6,880
Wheaton Precious Metals
Corp.
2,619
342,682
Zhaojin Mining Industry Co.
Ltd., Class H
13,500
56,094
Zhongjin Gold Corp. Ltd.,
Class A
4,900
19,390
Zijin Gold International Co.
Ltd. (a)
2,000
45,523
Zijin Mining Group Co. Ltd.,
Class A
6,300
30,602
Zijin Mining Group Co. Ltd.,
Class H
55,119
247,984
 
4,217,461
Healthcare Distributors - 0.0%*
Huadong Medicine Co. Ltd.,
Class A
1,700
8,761
Sigma Healthcare Ltd.
33,450
61,362
Sinopharm Group Co. Ltd.,
Class H
11,600
30,098
 
100,221
Healthcare Equipment - 0.1%
BioMerieux
229
24,388
Cochlear Ltd.
423
49,410
Demant AS (a)
524
15,830
Fisher & Paykel Healthcare
Corp. Ltd.
3,380
72,755
Jiangsu Yuyue Medical
Equipment & Supply Co.
Ltd., Class A
600
2,967
Koninklijke Philips NV
4,464
121,715
Olympus Corp.
7,000
66,530
Shanghai United Imaging
Healthcare Co. Ltd., Class A
832
13,577
Shenzhen Mindray
Bio-Medical Electronics Co.
Ltd., Class A
600
14,449
Siemens Healthineers AG (f)
1,951
82,979
Smith & Nephew PLC
4,648
73,370
Sonova Holding AG
291
66,026
Straumann Holding AG
654
68,087
Sysmex Corp.
2,800
24,359
See Notes to Schedule of Investments.
 
70
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Terumo Corp.
7,700
$103,197
 
799,639
Healthcare Facilities - 0.0%*
Aier Eye Hospital Group Co.
Ltd., Class A
1,782
2,470
Apollo Hospitals Enterprise
Ltd.
971
76,711
Bangkok Dusit Medical
Services PCL NVDR
90,255
51,449
Bumrungrad Hospital PCL
NVDR
5,097
25,456
Dr. Sulaiman Al Habib Medical
Services Group Co.
883
60,680
Fortis Healthcare Ltd.
4,586
38,833
IHH Healthcare Bhd.
22,100
49,205
Max Healthcare Institute Ltd.
6,580
67,516
Mouwasat Medical Services
Co.
678
13,126
Rede D'Or Sao Luiz SA (f)
7,000
52,239
 
437,685
Healthcare Services - 0.0%*
Fresenius Medical Care AG
1,417
64,012
Fresenius SE & Co. KGaA
2,449
126,691
Nano-X Imaging Ltd. (a)
1,647
3,739
Sonic Healthcare Ltd.
2,622
36,983
 
231,425
Healthcare Supplies - 0.1%
Coloplast AS, Class B
814
55,276
EssilorLuxottica SA
1,759
408,597
HLB, Inc. (a)
793
26,198
Hoya Corp.
2,000
345,882
Shandong Weigao Group
Medical Polymer Co. Ltd.,
Class H
16,000
7,694
Shenzhen New Industries
Biomedical Engineering Co.
Ltd., Class A
800
5,722
 
849,369
Healthcare Technology - 0.0%*
M3, Inc.
2,300
23,551
Pro Medicus Ltd.
297
24,299
 
47,850
Heavy Electrical Equipment - 0.2%
ABB India Ltd.
503
31,796
Bharat Heavy Electricals Ltd.
9,175
23,977
Dongfang Electric Corp. Ltd.,
Class A
4,000
20,617
Doosan Enerbility Co. Ltd. (a)
3,971
249,530
GE Vernova T&D India Ltd.
980
37,919
Goldwind Science &
Technology Co. Ltd.,
Class A
2,800
10,841
HD Hyundai Electric Co. Ltd.
200
113,338
Hitachi Energy India Ltd.
96
24,826
Hyosung Heavy Industries
Corp.
52
87,806
Mitsubishi Electric Corp.
11,100
362,170
NARI Technology Co. Ltd.,
Class A
6,355
24,103
Shanghai Electric Group Co.
Ltd., Class A (a)
1,100
1,285
Siemens Energy AG
4,534
779,416
Suzlon Energy Ltd. (a)
103,862
44,018
 
Number
of Shares
Fair
Value
Vestas Wind Systems AS
5,861
$176,281
 
1,987,923
Highways & Railtracks - 0.0%*
Beijing-Shanghai High Speed
Railway Co. Ltd., Class A
33,600
24,709
Getlink SE
1,672
35,966
Jiangsu Expressway Co. Ltd.,
Class H
10,000
12,898
Motiva Infraestrutura de
Mobilidade SA
6,500
19,679
Promotora y Operadora de
Infraestructura SAB de CV
1,620
26,023
Salik Co. PJSC
16,929
23,806
Transurban Group
18,116
175,425
 
318,506
Home Building - 0.0%*
Barratt Redrow PLC
7,035
24,378
Sekisui House Ltd.
3,458
77,296
 
101,674
Home Furnishing Retail - 0.0%*
Nitori Holdings Co. Ltd.
2,500
39,623
Home Improvement Retail - 0.0%*
Kingfisher PLC
10,772
40,807
Mr. DIY Group M Bhd. (f)
42,900
16,297
 
57,104
Hotels, Resorts & Cruise Lines - 0.1%
Accor SA
1,181
56,466
Amadeus IT Group SA
2,616
149,112
H World Group Ltd. ADR (d)
1,800
90,522
Hanjin Kal Corp.
197
14,661
Indian Hotels Co. Ltd.
6,335
38,594
Jabal Omar Development Co.
(a)
5,164
22,093
Minor International PCL NVDR
27,566
18,374
Tongcheng Travel Holdings
Ltd.
12,400
28,692
Trip.com Group Ltd. (a)
5,250
259,481
Whitbread PLC
883
27,048
 
705,043
Household Appliances - 0.0%*
Ecovacs Robotics Co. Ltd.,
Class A
400
3,581
Gree Electric Appliances, Inc.
of Zhuhai, Class A
1,500
8,258
Haier Smart Home Co. Ltd.,
Class A
5,200
16,263
Haier Smart Home Co. Ltd.,
Class H
15,800
42,333
Midea Group Co. Ltd., Class A
1,500
16,712
Midea Group Co. Ltd., Class H
3,700
39,825
 
126,972
Household Products - 0.1%
Essity AB, Class B
3,484
89,231
Henkel AG & Co. KGaA
672
48,118
Kimberly-Clark de Mexico SAB
de CV, Class A
14,700
34,571
Reckitt Benckiser Group PLC
3,761
251,954
Unicharm Corp.
6,200
36,263
 
460,137
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
71
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Human Resource & Employment Services - 0.0%*
Kanzhun Ltd. ADR (d)
3,500
$46,865
Randstad NV
643
16,729
Recruit Holdings Co. Ltd.
8,237
358,017
 
421,611
Independent Power Producers & Energy Traders - 0.1%
ACWA Power Co. (a)
1,095
50,784
Adani Power Ltd. (a)
25,640
40,807
CGN Power Co. Ltd., Class H
(f)
59,000
26,561
China National Nuclear Power
Co. Ltd., Class A
16,500
21,684
China Power International
Development Ltd.
31,000
12,554
China Resources Power
Holdings Co. Ltd.
12,000
28,035
Eneva SA (a)
7,000
32,896
GD Power Development Co.
Ltd., Class A
10,800
7,590
Gulf Development PCL
11,571
20,788
Gulf Development PCL NVDR
31,974
58,207
Huaneng Power International,
Inc., Class A
7,700
7,861
Huaneng Power International,
Inc., Class H
34,000
25,748
JSW Energy Ltd.
2,945
14,756
NTPC Ltd.
38,562
151,880
RWE AG
3,684
247,072
SDIC Power Holdings Co. Ltd.,
Class A
5,600
11,503
Zhejiang Zheneng Electric
Power Co. Ltd., Class A
11,500
9,097
 
767,823
Industrial Conglomerates - 0.3%
Astra International Tbk. PT
183,000
67,557
Ayala Corp.
2,100
17,555
Bidvest Group Ltd.
3,290
43,735
Brookfield Business Corp.,
Class A
541
17,117
CITIC Ltd.
39,000
59,398
CK Hutchison Holdings Ltd.
15,500
118,994
Doosan Co. Ltd.
62
45,026
Far Eastern New Century
Corp.
23,000
19,140
Grupo Carso SAB de CV
4,960
37,010
Hikari Tsushin, Inc.
100
25,380
Hitachi Ltd.
26,770
783,411
Industries Qatar QSC
14,682
42,905
Investment AB Latour, Class B
877
18,788
Jardine Matheson Holdings
Ltd.
1,000
71,883
Keppel Ltd.
8,400
77,116
KOC Holding AS
7,366
32,417
LG Corp.
356
20,129
Lifco AB, Class B
1,512
45,455
Samsung C&T Corp.
742
130,041
Sekisui Chemical Co. Ltd.
2,100
35,171
Siemens AG
4,448
1,080,262
Siemens Ltd. (a)
695
21,715
SK Square Co. Ltd. (a)
774
254,841
SK, Inc.
337
69,285
SM Investments Corp.
2,060
21,024
Smiths Group PLC
2,039
61,992
Sunway Bhd.
19,200
23,000
Swire Pacific Ltd., Class A
2,000
21,862
 
3,262,209
 
Number
of Shares
Fair
Value
Industrial Gases - 0.1%
Air Liquide SA
3,388
$698,083
Nippon Sanso Holdings Corp.
1,100
38,910
 
736,993
Industrial Machinery & Supplies & Components - 0.3%
Airtac International Group
1,364
43,444
Alfa Laval AB
1,671
90,832
Atlas Copco AB, A Shares
15,665
274,708
Atlas Copco AB, B Shares
9,060
140,742
Daifuku Co. Ltd.
1,900
66,925
Ebara Corp.
2,700
76,247
FANUC Corp.
5,400
187,772
GEA Group AG
942
67,345
Haitian International Holdings
Ltd.
3,655
9,499
IHI Corp.
6,000
123,498
Indutrade AB
1,718
39,145
Jiangsu Hengli Hydraulic Co.
Ltd., Class A
900
12,688
Kawasaki Heavy Industries
Ltd.
4,500
84,427
Kone OYJ, Class B
1,971
125,433
Luxfer Holdings PLC
717
8,733
Makita Corp.
1,400
45,902
Minebea Mitsumi, Inc.
2,300
38,099
Mitsubishi Heavy Industries
Ltd.
18,770
514,489
Rational AG
30
21,940
Sandvik AB
6,212
237,307
Schindler Holding AG
387
124,664
Shenzhen Inovance
Technology Co. Ltd.,
Class A
50
490
SKF AB, Class B
2,203
52,773
SMC Corp.
357
140,068
Spirax Group PLC
478
42,724
Techtronic Industries Co. Ltd.
8,500
112,896
Trelleborg AB, B Shares
1,312
48,761
UBTech Robotics Corp. Ltd.,
Class H (a)
1,600
17,809
VAT Group AG (f)
156
96,841
Wartsila OYJ Abp
2,911
108,086
 
2,954,287
Industrial REITs - 0.0%*
CapitaLand Ascendas REIT
25,400
48,852
Goodman Group
11,908
212,226
Prologis Property Mexico SA
de CV
10,701
46,424
Segro PLC
7,396
63,168
 
370,670
Insurance Brokers - 0.0%*
PB Fintech Ltd. (a)
2,844
43,230
Integrated Oil & Gas - 0.4%
Cenovus Energy, Inc.
8,171
216,168
China Petroleum & Chemical
Corp., Class A
14,300
12,138
China Petroleum & Chemical
Corp., Class H
190,000
109,232
Eni SpA
11,934
338,257
Equinor ASA
4,458
188,798
Galp Energia SGPS SA
2,445
58,440
Gazprom PJSC ADR (a)(c)**
77,360
—
Gazprom PJSC (a)(c)**
56,590
—
Imperial Oil Ltd.
977
127,562
See Notes to Schedule of Investments.
 
72
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
LUKOIL PJSC (a)(c)**
7,480
$—
MOL Hungarian Oil & Gas PLC
3,942
46,861
Novatek PJSC GDR (a)(c)**
1,641
—
Oil & Natural Gas Corp. Ltd.
24,189
72,874
OMV AG
863
62,938
PetroChina Co. Ltd., Class A
11,800
20,639
PetroChina Co. Ltd., Class H
180,000
246,966
Petroleo Brasileiro SA -
Petrobras
33,600
346,877
PTT PCL NVDR
76,605
81,297
Repsol SA
6,563
184,155
Rosneft Oil Co. PJSC (a)(c)**
20,586
—
Saudi Arabian Oil Co. (f)
51,123
370,090
Suncor Energy, Inc.
7,054
465,077
Surgutneftegas PAO (a)(c)**
31,000
—
Surgutneftegas PJSC ADR
(a)(c)**
9,978
—
TotalEnergies SE
11,622
1,063,230
 
4,011,599
Integrated Telecommunication Services - 0.3%
BCE, Inc.
432
10,865
BT Group PLC
34,572
96,532
Cellnex Telecom SA (a)(f)
2,758
88,403
China Tower Corp. Ltd.,
Class H (f)
31,400
42,939
Chunghwa Telecom Co. Ltd.
30,071
125,360
Deutsche Telekom AG
21,522
800,735
Elisa OYJ
925
44,915
Emirates Telecommunications
Group Co. PJSC
29,734
153,558
Hellenic Telecommunications
Organization SA
1,362
25,611
HKT Trust & HKT Ltd.
20,815
32,532
Indus Towers Ltd. (a)
11,772
52,408
Koninklijke KPN NV
22,179
123,227
LG Uplus Corp.
2,052
21,340
NTT, Inc.
173,725
173,385
Ooredoo QPSC
7,867
26,834
Orange SA
10,843
221,613
Saudi Telecom Co.
17,657
200,121
Singapore
Telecommunications Ltd.
43,200
165,413
Swisscom AG
150
125,256
Tata Communications Ltd.
684
9,720
Telecom Italia SpA (a)
74,431
52,093
Telefonica Brasil SA
7,060
55,742
Telefonica SA
21,270
92,774
Telekom Malaysia Bhd.
5,897
10,353
Telenor ASA
3,608
63,078
Telia Co. AB
13,553
69,001
Telkom Indonesia Persero Tbk.
PT
411,200
74,040
Telstra Group Ltd.
22,714
83,238
TELUS Corp.
3,248
41,614
True Corp. PCL NVDR
87,240
38,387
 
3,121,087
Interactive Home Entertainment - 0.1%
37 Interactive Entertainment
Network Technology Group
Co. Ltd., Class A
3,000
9,440
Capcom Co. Ltd.
2,200
46,378
CD Projekt SA
649
41,579
International Games System
Co. Ltd.
2,000
47,774
Kingsoft Corp. Ltd.
9,800
28,557
 
Number
of Shares
Fair
Value
Konami Group Corp.
600
$73,758
Krafton, Inc.
151
25,814
NetEase, Inc.
14,870
332,309
Nexon Co. Ltd.
2,400
45,099
Nintendo Co. Ltd.
6,433
366,343
 
1,017,051
Interactive Media & Services - 0.4%
Autotrader Group PLC (f)
4,436
27,662
Baidu, Inc., Class A (a)
18,800
262,823
Bilibili, Inc., Class Z (a)
2,180
49,146
CAR Group Ltd.
2,380
37,715
Grindr, Inc. (a)
748
9,043
Info Edge India Ltd.
2,540
26,250
Kakao Corp.
2,681
82,769
Kuaishou Technology (f)
23,000
135,495
LY Corp.
17,296
41,602
Meitu, Inc. (f)
32,000
17,830
NAVER Corp.
1,247
169,777
REA Group Ltd.
332
36,107
Scout24 SE (f)
472
36,304
Tencent Holdings Ltd.
54,475
3,436,304
VK IPJSC GDR (a)(c)**
1,600
—
Webtoon Entertainment, Inc.
(a)
426
3,915
 
4,372,742
Internet Services & Infrastructure - 0.1%
GDS Holdings Ltd., Class A (a)
9,600
48,584
Shopify, Inc., Class A (a)
7,153
846,028
VTEX, Class A (a)
1,471
5,884
 
900,496
Investment Banking & Brokerage - 0.1%
China Galaxy Securities Co.
Ltd., Class A
2,700
5,045
China Galaxy Securities Co.
Ltd., Class H
39,500
40,272
China International Capital
Corp. Ltd., Class H (f)
12,800
28,422
China Merchants Securities
Co. Ltd., Class A
5,600
12,615
CITIC Securities Co. Ltd.,
Class A
5,990
21,026
CITIC Securities Co. Ltd.,
Class H
13,925
42,646
CSC Financial Co. Ltd.,
Class A
4,000
12,533
Daiwa Securities Group, Inc.
7,700
72,784
Everbright Securities Co. Ltd.,
Class A
3,600
8,009
Freedom Holding Corp. (a)
100
14,488
Futu Holdings Ltd. ADR (a)(d)
300
41,028
GF Securities Co. Ltd.,
Class A
3,200
8,414
Guotai Haitong Securities Co.
Ltd., Class A
8,176
19,794
Guotai Haitong Securities Co.
Ltd., Class H (f)
18,920
32,450
Huatai Securities Co. Ltd.,
Class A
4,600
12,002
Huatai Securities Co. Ltd.,
Class H (f)
10,400
19,861
Industrial Securities Co. Ltd.,
Class A
7,500
6,425
Korea Investment Holdings Co.
Ltd.
342
47,713
Marex Group PLC
1,308
58,311
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
73
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
NH Investment & Securities
Co. Ltd.
1,218
$24,778
Nomura Holdings, Inc.
17,400
136,677
Orient Securities Co. Ltd.,
Class A
8,192
10,825
SBI Holdings, Inc.
3,600
66,497
SDIC Capital Co. Ltd., Class A
14,100
14,260
Webull Corp. (a)
6,450
30,960
XP, Inc., Class A
6,300
119,952
 
907,787
IT Consulting & Other Services - 0.2%
Arabian Internet &
Communications Services
Co.
136
7,131
Capgemini SE
885
104,099
CGI, Inc.
1,204
87,741
Elm Co.
212
30,499
Fujitsu Ltd.
10,300
210,132
HCL Technologies Ltd.
8,653
124,540
Indra Sistemas SA
422
23,511
Infosys Ltd.
28,163
379,858
LTIMindtree Ltd. (f)
618
26,600
Mphasis Ltd.
817
17,955
NEC Corp.
7,500
186,171
Nomura Research Institute
Ltd.
2,160
58,971
Obic Co. Ltd.
2,100
50,847
Otsuka Corp.
1,200
22,918
Persistent Systems Ltd.
997
52,341
Samsung SDS Co. Ltd.
385
39,008
Tata Consultancy Services
Ltd.
7,348
185,027
Tech Mahindra Ltd.
4,908
72,905
TIS, Inc.
1,200
25,596
Wipro Ltd.
21,845
43,981
 
1,749,831
Leisure Facilities - 0.0%*
Oriental Land Co. Ltd.
6,300
106,965
Leisure Products - 0.0%*
Bandai Namco Holdings, Inc.
3,400
83,676
Shimano, Inc.
452
47,076
 
130,752
Life & Health Insurance - 0.4%
AIA Group Ltd.
61,389
682,200
Bupa Arabia for Cooperative
Insurance Co.
763
36,349
Cathay Financial Holding Co.
Ltd.
79,529
177,814
China Life Insurance Co. Ltd.,
Class H
68,000
216,963
China Taiping Insurance
Holdings Co. Ltd.
13,200
34,862
Co. for Cooperative Insurance
979
33,684
Dai-ichi Life Holdings, Inc.
20,500
188,593
Discovery Ltd.
5,470
79,346
Fubon Financial Holding Co.
Ltd.
74,114
202,903
Great-West Lifeco, Inc.
1,593
74,368
HDFC Life Insurance Co. Ltd.
(f)
8,152
51,230
iA Financial Corp., Inc.
565
62,502
ICICI Prudential Life Insurance
Co. Ltd. (f)
4,779
25,845
Japan Post Holdings Co. Ltd.
10,300
118,641
 
Number
of Shares
Fair
Value
Japan Post Insurance Co. Ltd.
3,000
$30,184
KGI Financial Holding Co. Ltd.
129,911
79,801
Legal & General Group PLC
32,973
107,959
Manulife Financial Corp.
9,829
337,505
Medibank Pvt Ltd.
17,816
53,513
New China Life Insurance Co.
Ltd., Class A
1,600
14,439
New China Life Insurance Co.
Ltd., Class H
8,900
52,992
NN Group NV
1,524
118,642
Ping An Insurance Group Co.
of China Ltd., Class A
5,700
47,239
Ping An Insurance Group Co.
of China Ltd., Class H
58,000
446,031
Power Corp. of Canada
3,157
151,499
Prudential PLC
14,823
205,323
Samsung Life Insurance Co.
Ltd.
679
97,904
Sanlam Ltd.
13,418
69,749
SBI Life Insurance Co. Ltd. (f)
4,108
77,707
Standard Life PLC
4,430
39,972
Sun Life Financial, Inc.
3,184
198,836
Swiss Life Holding AG
166
179,921
T&D Holdings, Inc.
2,700
68,992
 
4,363,508
Life Sciences Tools & Services - 0.1%
Divi's Laboratories Ltd.
1,006
63,565
Eurofins Scientific SE
764
55,572
Genscript Biotech Corp. (a)
10,000
14,184
Lonza Group AG
409
261,091
Samsung Biologics Co. Ltd.
(a)(f)
101
103,512
Sartorius Stedim Biotech
184
35,723
WuXi AppTec Co. Ltd., Class A
1,520
22,055
WuXi AppTec Co. Ltd., Class H
(f)
2,608
39,948
Wuxi Biologics Cayman, Inc.
(a)(f)
27,500
118,279
WuXi XDC Cayman, Inc. (a)
3,000
22,758
XtalPi Holdings Ltd. (a)
19,000
22,234
 
758,921
Marine Ports & Services - 0.0%*
Adani Ports & Special
Economic Zone Ltd.
4,336
60,652
China Merchants Port
Holdings Co. Ltd.
14,353
26,936
International Container
Terminal Services, Inc.
8,750
99,202
 
186,790
Marine Transportation - 0.1%
COSCO SHIPPING Holdings
Co. Ltd., Class A
6,010
13,124
COSCO SHIPPING Holdings
Co. Ltd., Class H
19,182
36,532
Costamare Bulkers Holdings
Ltd. (a)
200
3,094
Costamare, Inc.
1,023
17,289
Evergreen Marine Corp.
Taiwan Ltd.
6,400
40,371
Himalaya Shipping Ltd. (a)
622
8,273
HMM Co. Ltd.
2,656
34,800
Kawasaki Kisen Kaisha Ltd.
1,900
32,014
Kuehne & Nagel International
AG
310
70,643
MISC Bhd.
5,975
12,538
Mitsui OSK Lines Ltd.
2,000
82,920
See Notes to Schedule of Investments.
 
74
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Nippon Yusen KK
2,400
$87,950
Orient Overseas International
Ltd.
1,500
26,755
Safe Bulkers, Inc.
1,221
7,729
SITC International Holdings
Co. Ltd.
8,000
35,033
Wan Hai Lines Ltd.
7,670
18,656
Yang Ming Marine Transport
Corp.
18,000
29,616
 
557,337
Metal, Glass & Plastic Containers - 0.0%*
CCL Industries, Inc., Class B
847
52,900
Motorcycle Manufacturers - 0.0%*
Bajaj Auto Ltd.
558
52,134
Eicher Motors Ltd.
1,323
92,634
Hero MotoCorp Ltd.
1,161
62,757
TVS Motor Co. Ltd.
2,167
77,877
Yadea Group Holdings Ltd. (f)
6,753
11,484
Yamaha Motor Co. Ltd.
5,800
41,800
 
338,686
Movies & Entertainment - 0.0%*
China Ruyi Holdings Ltd. (a)
108,000
21,139
CTS Eventim AG & Co. KGaA
345
20,143
HYBE Co. Ltd.
198
40,140
Mango Excellent Media Co.
Ltd., Class A
1,600
4,807
NetEase Cloud Music, Inc.
(a)(f)
650
10,800
Tencent Music Entertainment
Group ADR (d)
5,500
51,040
Toho Co. Ltd.
3,000
31,435
Universal Music Group NV
6,377
123,392
 
302,896
Multi-Line Insurance - 0.3%
Ageas SA
874
64,134
Allianz SE
2,226
937,112
ASR Nederland NV
919
63,070
Aviva PLC
17,759
141,995
AXA SA
9,769
447,483
BB Seguridade Participacoes
SA
2,903
19,352
Caixa Seguridade
Participacoes SA
3,900
13,705
China Pacific Insurance Group
Co. Ltd., Class A
4,000
21,677
China Pacific Insurance Group
Co. Ltd., Class H
21,089
86,383
Generali
4,960
198,918
Gjensidige Forsikring ASA
1,136
29,539
Helvetia Baloise Holding AG
461
118,725
Mapfre SA
4,674
20,764
Phoenix Financial Ltd.
1,311
69,707
Powszechny Zaklad
Ubezpieczen SA
4,144
71,828
Talanx AG
418
51,705
Unipol Assicurazioni SpA
2,322
53,770
Zurich Insurance Group AG
856
602,062
 
3,011,929
Multi-Sector Holdings - 0.1%
Bajaj Holdings & Investment
Ltd.
259
24,191
EXOR NV
606
46,241
Groupe Bruxelles Lambert NV
518
46,971
 
Number
of Shares
Fair
Value
Industrivarden AB, Class A
611
$30,241
Industrivarden AB, Class C
1,010
49,751
Infratil Ltd.
5,971
39,968
Investor AB, Class B
10,640
400,466
L E Lundbergforetagen AB,
Class B
382
21,582
Remgro Ltd.
4,834
53,244
Sofina SA
83
20,091
Washington H Soul Pattinson
& Co. Ltd.
2,208
61,597
 
794,343
Multi-Utilities - 0.1%
Canadian Utilities Ltd., Class A
689
24,123
Centrica PLC
26,492
74,733
Dubai Electricity & Water
Authority PJSC
53,176
39,448
E.ON SE
13,096
285,916
Engie SA
10,660
342,459
National Grid PLC
29,038
488,349
Nebras Energy
2,114
8,337
Sembcorp Industries Ltd.
4,500
23,289
Veolia Environnement SA
3,658
138,879
YTL Corp. Bhd.
22,900
9,664
YTL Power International Bhd.
30,800
23,016
 
1,458,213
Office REITs - 0.0%*
Gecina SA
231
18,169
Nippon Building Fund, Inc.
51
42,720
 
60,889
Oil & Gas Drilling - 0.0%*
Ades Holding Co.
3,430
16,517
ADNOC Drilling Co. PJSC
27,997
39,593
Borr Drilling Ltd. (a)
6,285
36,264
China Oilfield Services Ltd.,
Class H
14,000
16,043
Seadrill Ltd. (a)
1,497
68,114
 
176,531
Oil & Gas Equipment & Services - 0.0%*
TechnipFMC PLC
2,400
165,912
Yantai Jereh Oilfield Services
Group Co. Ltd., Class A
500
7,138
 
173,050
Oil & Gas Exploration & Production - 0.2%
Aker BP ASA
1,813
66,625
ARC Resources Ltd.
3,257
67,565
BKV Corp. (a)
513
14,631
Canadian Natural Resources
Ltd.
12,226
594,502
Inpex Corp.
5,100
150,490
Kolibri Global Energy, Inc. (a)
708
3,887
Kosmos Energy Ltd. (a)
11,140
30,969
Oil India Ltd.
4,087
20,516
PRIO SA (a)
8,100
102,701
PTT Exploration & Production
PCL NVDR
15,850
76,366
Santos Ltd.
18,781
102,046
Tatneft PJSC ADR (a)(c)**
3,383
—
Tatneft PJSC (a)(c)**
4,926
—
Tourmaline Oil Corp.
2,122
101,238
Whitecap Resources, Inc.
7,000
78,750
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
75
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Woodside Energy Group Ltd.
11,079
$261,063
 
1,671,349
Oil & Gas Refining & Marketing - 0.2%
Adnoc Gas PLC
57,042
50,305
Bharat Petroleum Corp. Ltd.
11,317
33,931
ENEOS Holdings, Inc.
15,700
141,117
HD Hyundai Co. Ltd.
357
59,873
Hindustan Petroleum Corp.
Ltd.
8,219
29,290
Idemitsu Kosan Co. Ltd.
4,900
47,989
Indian Oil Corp. Ltd.
19,486
27,817
Neste OYJ
2,437
78,946
ORLEN SA
5,073
183,035
Qatar Fuel QSC
4,477
17,805
Reliance Industries Ltd.
51,795
744,893
SK Innovation Co. Ltd.
609
44,692
S-Oil Corp. (a)
337
23,108
Turkiye Petrol Rafinerileri AS
8,733
50,689
 
1,533,490
Oil & Gas Storage & Transportation - 0.2%
Ardmore Shipping Corp.
786
11,987
Bollore SE
3,499
19,944
China Merchants Energy
Shipping Co. Ltd., Class A
10,900
25,920
COSCO SHIPPING Energy
Transportation Co. Ltd.,
Class A
3,600
11,548
Enbridge, Inc.
12,731
687,933
FLEX LNG Ltd. (a)
729
21,659
Golar LNG Ltd.
2,338
126,509
Keyera Corp.
1,433
55,254
Pembina Pipeline Corp.
3,397
151,575
Petronet LNG Ltd.
6,837
17,956
Qatar Gas Transport Co. Ltd.
26,847
30,902
Scorpio Tankers, Inc.
1,078
80,483
SFL Corp. Ltd.
2,855
30,805
TC Energy Corp.
6,123
382,197
Teekay Corp. Ltd.
1,223
14,933
Teekay Tankers Ltd., Class A
569
41,719
 
1,711,324
Other Specialty Retail - 0.0%*
Avolta AG
451
26,907
China Tourism Group Duty
Free Corp. Ltd., Class A
400
4,112
Chow Tai Fook Jewellery
Group Ltd.
17,800
25,023
FSN E-Commerce Ventures
Ltd. (a)
10,437
26,169
Jarir Marketing Co.
5,358
20,194
JD Sports Fashion PLC
15,353
14,508
Jumbo SA
1,062
26,895
Pop Mart International Group
Ltd. (f)
4,800
89,307
Sanrio Co. Ltd.
5,000
31,011
 
264,126
Packaged Foods & Meats - 0.2%
Ajinomoto Co., Inc.
5,220
147,219
Almarai Co. JSC
4,315
50,262
Associated British Foods PLC
2,085
51,999
Barry Callebaut AG
22
38,499
Britannia Industries Ltd.
987
56,432
Charoen Pokphand Foods
PCL NVDR
31,162
19,933
 
Number
of Shares
Fair
Value
China Feihe Ltd. (f)
29,568
$13,218
China Huishan Dairy Holdings
Co. Ltd. (a)(c)**
55,000
—
China Mengniu Dairy Co. Ltd.
27,000
59,659
Chocoladefabriken Lindt &
Spruengli AG
6
212,293
Danone SA
3,776
300,776
Forafric Global PLC (a)
183
1,766
Foshan Haitian Flavouring &
Food Co. Ltd., Class A
1,484
8,849
Gruma SAB de CV, Class B
475
8,653
Grupo Bimbo SAB de CV
12,881
42,909
Guangdong Haid Group Co.
Ltd., Class A
1,000
7,212
Henan Shuanghui Investment
& Development Co. Ltd.,
Class A
3,185
13,151
Inner Mongolia Yili Industrial
Group Co. Ltd., Class A
3,700
14,173
Kerry Group PLC, Class A
925
73,416
Kikkoman Corp.
4,300
38,944
Lotus Bakeries NV
2
22,510
Magnum Ice Cream Co. NV (a)
3,080
45,053
Marico Ltd.
5,303
41,394
MBRF Global Foods Co. SA
3,237
13,414
Mowi ASA
2,781
62,874
Muyuan Foods Co. Ltd.,
Class A
2,120
12,803
Nestle India Ltd.
6,148
76,401
Nestle Malaysia Bhd.
939
22,987
Orkla ASA
4,525
56,606
QL Resources Bhd.
20,382
18,625
Salmar ASA
391
22,679
Samyang Foods Co. Ltd.
37
29,995
Saputo, Inc.
1,526
47,522
Sigma Foods SAB de CV,
Class A
28,378
28,155
SunOpta, Inc. (a)
2,194
14,217
Tata Consumer Products Ltd.
5,406
58,140
Tingyi Cayman Islands Holding
Corp.
20,000
33,395
Uni-President Enterprises
Corp.
35,000
78,181
Want Want China Holdings
Ltd.
46,000
27,224
WH Group Ltd. (f)
53,666
70,550
 
1,942,088
Paper & Plastic Packaging Products & Materials - 0.0%*
Klabin SA
7,494
27,999
Paper Products - 0.0%*
Empresas CMPC SA
13,235
17,860
Holmen AB, Class B
344
12,259
Stora Enso OYJ, R Shares
3,784
44,295
Suzano SA
6,100
60,627
UPM-Kymmene OYJ
3,046
95,038
 
230,079
Passenger Airlines - 0.1%
Air China Ltd., Class A (a)
12,700
12,489
ANA Holdings, Inc.
900
16,079
China Airlines Ltd.
34,000
19,279
China Eastern Airlines Corp.
Ltd., Class A (a)
12,400
7,705
China Southern Airlines Co.
Ltd., Class A (a)
11,600
9,557
Deutsche Lufthansa AG
3,102
26,333
Eva Airways Corp.
28,000
30,168
See Notes to Schedule of Investments.
 
76
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
InterGlobe Aviation Ltd. (f)
1,827
$77,119
International Consolidated
Airlines Group SA, Class DI
7,432
35,163
Japan Airlines Co. Ltd.
814
13,258
Korean Air Lines Co. Ltd.
1,295
20,889
Latam Airlines Group SA
2,068,675
50,639
Qantas Airways Ltd.
3,798
22,147
Ryanair Holdings PLC
4,873
136,751
Singapore Airlines Ltd.
10,200
52,417
Spring Airlines Co. Ltd.,
Class A
600
4,037
Turk Hava Yollari AO
1,186
7,867
 
541,897
Passenger Ground Transportation - 0.0%*
Ayvens SA (f)
1,875
22,037
Grab Holdings Ltd., Class A
(a)
15,300
55,998
Localiza Rent a Car SA
8,501
76,480
 
154,515
Personal Care Products - 0.2%
Amorepacific Corp.
233
21,479
APR Corp.
207
47,231
Beiersdorf AG
626
56,092
Colgate-Palmolive India Ltd.
1,201
22,649
Dabur India Ltd.
5,811
25,147
Giant Biogene Holding Co. Ltd.
(f)
3,600
12,726
Godrej Consumer Products
Ltd.
3,332
34,904
Hengan International Group
Co. Ltd.
3,980
14,085
Hindustan Unilever Ltd.
6,753
147,177
Kao Corp.
2,600
100,967
L'Oreal SA
1,404
571,429
Shiseido Co. Ltd.
2,500
50,952
Unilever PLC
12,757
697,758
 
1,802,596
Pharmaceuticals - 0.6%
Alkem Laboratories Ltd.
346
19,396
Astellas Pharma, Inc.
10,500
170,755
AstraZeneca PLC
9,081
1,769,123
Aurobindo Pharma Ltd.
2,662
37,019
Bayer AG
5,727
264,198
Beijing Tong Ren Tang Co.
Ltd., Class A
1,700
6,863
Caliway Biopharmaceuticals
Co. Ltd. (a)
9,000
25,198
Changchun High-Tech
Industry Group Co. Ltd.,
Class A
300
3,760
China Resources Sanjiu
Medical & Pharmaceutical
Co. Ltd., Class A
2,704
10,984
Chugai Pharmaceutical Co.
Ltd.
3,900
214,558
Cipla Ltd.
4,566
59,497
CSPC Pharmaceutical Group
Ltd.
74,000
87,343
Daiichi Sankyo Co. Ltd.
10,514
187,647
Dr. Reddy's Laboratories Ltd.
4,942
66,237
Eisai Co. Ltd.
1,700
53,093
Financiere de Tubize SA
104
25,717
Galderma Group AG
1,073
209,844
Hansoh Pharmaceutical Group
Co. Ltd. (f)
12,000
54,936
 
Number
of Shares
Fair
Value
Ipsen SA
245
$45,642
Jiangsu Hengrui
Pharmaceuticals Co. Ltd.,
Class A
4,020
32,492
Kyowa Kirin Co. Ltd.
1,400
22,857
Lupin Ltd.
2,618
64,791
Mankind Pharma Ltd.
1,285
27,427
MediWound Ltd. (a)
198
3,190
Merck KGaA
746
94,483
Novo Nordisk AS, Class B
18,836
687,146
Orion OYJ, Class B
707
56,964
Otsuka Holdings Co. Ltd.
2,500
176,998
Recordati Industria Chimica e
Farmaceutica SpA
723
41,267
Richter Gedeon Nyrt
602
21,266
Sandoz Group AG
2,432
189,613
Shionogi & Co. Ltd.
4,400
97,097
Sino Biopharmaceutical Ltd.
97,000
73,702
SK Biopharmaceuticals Co.
Ltd. (a)
359
22,616
Sun Pharmaceutical Industries
Ltd.
8,431
157,687
Takeda Pharmaceutical Co.
Ltd.
9,311
342,074
Teva Pharmaceutical
Industries Ltd. ADR (a)(d)
6,700
201,804
Torrent Pharmaceuticals Ltd.
992
44,256
UCB SA
736
221,054
Yuhan Corp.
526
33,626
Yunnan Baiyao Group Co. Ltd.,
Class A
1,400
11,167
Zhangzhou Pientzehuang
Pharmaceutical Co. Ltd.,
Class A
400
8,772
Zydus Lifesciences Ltd.
2,819
26,248
 
5,970,407
Precious Metals & Minerals - 0.1%
Alrosa PJSC (a)(c)**
46,308
—
Impala Platinum Holdings Ltd.
7,900
111,065
Industrias Penoles SAB de CV
(a)
1,800
79,478
Northam Platinum Holdings
Ltd.
3,025
61,016
Sibanye Stillwater Ltd.
21,226
64,406
Valterra Platinum Ltd.
2,177
180,896
 
496,861
Property & Casualty Insurance - 0.2%
Admiral Group PLC
1,494
62,256
DB Insurance Co. Ltd.
399
44,754
Fairfax Financial Holdings Ltd.
120
203,818
Fidelis Insurance Holdings Ltd.
1,309
25,015
Hamilton Insurance Group
Ltd., Class B
1,057
31,530
ICICI Lombard General
Insurance Co. Ltd. (f)
1,964
35,785
Insurance Australia Group Ltd.
13,588
68,309
Intact Financial Corp.
1,071
193,456
Kingsway Financial Services,
Inc. (a)
541
5,643
MS&AD Insurance Group
Holdings, Inc.
7,500
195,243
OUTsurance Group Ltd.
7,391
30,052
People's Insurance Co. Group
of China Ltd., Class A
5,200
5,533
People's Insurance Co. Group
of China Ltd., Class H
66,000
45,970
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
77
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
PICC Property & Casualty Co.
Ltd., Class H
64,000
$117,825
QBE Insurance Group Ltd.
8,729
127,869
Sampo OYJ, A Shares
13,954
147,948
Samsung Fire & Marine
Insurance Co. Ltd.
256
76,680
Sompo Holdings, Inc.
5,200
201,937
Suncorp Group Ltd.
6,220
69,294
Tokio Marine Holdings, Inc.
10,769
504,284
Tryg AS
2,178
51,752
 
2,244,953
Publishing - 0.0%*
China Literature Ltd. (a)(f)
4,000
13,114
Rail Transportation - 0.1%
Canadian National Railway Co.
3,095
317,539
Canadian Pacific Kansas City
Ltd.
5,213
408,919
Central Japan Railway Co.
4,500
116,722
Daqin Railway Co. Ltd.,
Class A
12,900
10,011
East Japan Railway Co.
5,600
127,770
Hankyu Hanshin Holdings, Inc.
1,300
37,499
MTR Corp. Ltd.
9,614
39,403
Rumo SA
13,300
41,388
Seibu Holdings, Inc.
1,100
30,658
Tokyu Corp.
3,100
36,504
West Japan Railway Co.
2,600
51,121
 
1,217,534
Real Estate Development - 0.1%
C&D International Investment
Group Ltd.
5,393
8,726
China Merchants Shekou
Industrial Zone Holdings Co.
Ltd., Class A
11,200
13,733
China Overseas Land &
Investment Ltd.
35,000
52,202
China Resources Land Ltd.
30,000
111,204
CK Asset Holdings Ltd.
11,086
63,440
Dar Al Arkan Real Estate
Development Co. (a)
6,049
29,287
Emaar Development PJSC
9,565
36,207
Emaar Properties PJSC
53,773
175,969
Godrej Properties Ltd. (a)
1,176
18,413
Henderson Land Development
Co. Ltd.
8,000
29,725
Lodha Developers Ltd. (f)
2,614
18,895
Longfor Group Holdings Ltd. (f)
15,498
15,090
Oberoi Realty Ltd.
1,266
19,168
Prestige Estates Projects Ltd.
1,456
17,451
Sino Land Co. Ltd.
19,480
28,548
 
638,058
Real Estate Operating Companies - 0.1%
Azrieli Group Ltd.
267
35,666
CapitaLand Investment Ltd.
12,000
25,455
Central Pattana PCL NVDR
17,200
33,033
China Resources Mixc
Lifestyle Services Ltd. (f)
7,400
44,720
Fastighets AB Balder, Class B
(a)
3,671
21,365
Hongkong Land Holdings Ltd.
7,000
54,551
Hulic Co. Ltd.
2,900
33,722
LEG Immobilien SE
428
27,869
Mabanee Co. KPSC
8,178
23,985
NEPI Rockcastle NV
4,920
39,027
 
Number
of Shares
Fair
Value
Plaza SA
6,519
$27,522
Sagax AB, Class B
1,105
20,262
SM Prime Holdings, Inc.
101,200
34,067
Swiss Prime Site AG
462
77,840
Vonovia SE
4,425
110,331
Wharf Real Estate Investment
Co. Ltd.
9,000
26,195
 
635,610
Real Estate Services - 0.0%*
FirstService Corp.
235
32,587
KE Holdings, Inc., Class A
18,600
92,127
Real Brokerage, Inc. (a)
3,504
8,760
 
133,474
Regional Banks - 0.1%
AU Small Finance Bank Ltd. (f)
4,104
36,748
Bank of Chengdu Co. Ltd.,
Class A
2,100
5,215
Bank of Hangzhou Co. Ltd.,
Class A
5,547
13,478
Bank of Jiangsu Co. Ltd.,
Class A
9,100
14,388
Bank of Nanjing Co. Ltd.,
Class A
8,300
13,688
Bank of Ningbo Co. Ltd.,
Class A
3,556
15,678
Banque Cantonale Vaudoise
178
28,808
Chiba Bank Ltd.
3,700
47,779
Chongqing Rural Commercial
Bank Co. Ltd., Class H
25,000
21,651
Dukhan Bank
19,912
18,933
First BanCorp
3,720
79,459
KakaoBank Corp.
2,092
34,087
OFG Bancorp
1,045
42,281
Popular, Inc.
352
47,228
Resona Holdings, Inc.
12,000
136,562
Yokohama Financial Group,
Inc.
6,600
58,770
 
614,753
Reinsurance - 0.1%
Hannover Rueck SE
349
109,379
Kestrel Group Ltd. (a)
30
324
Muenchener
Rueckversicherungs-
Gesellschaft AG in
Muenchen
763
480,344
RenaissanceRe Holdings Ltd.
190
56,474
 
646,521
Renewable Electricity - 0.0%*
Barito Renewables Energy
Tbk. PT (a)
43,900
13,562
Brookfield Renewable Corp.
1,419
56,444
China Longyuan Power Group
Corp. Ltd., Class H
26,000
23,802
China Yangtze Power Co. Ltd.,
Class A
16,600
65,093
EDP Renovaveis SA
1,654
26,426
Engie Brasil Energia SA
2,006
12,612
Meridian Energy Ltd.
6,954
22,098
NHPC Ltd.
30,539
23,922
Orsted AS (a)(f)
3,035
75,030
 
318,989
Research & Consulting Services - 0.1%
Bureau Veritas SA
2,186
65,224
See Notes to Schedule of Investments.
 
78
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Intertek Group PLC
996
$48,285
RELX PLC
10,630
346,974
SGS SA
958
100,466
Thomson Reuters Corp.
955
85,923
Wolters Kluwer NV
1,344
100,064
 
746,936
Restaurants - 0.1%
Compass Group PLC
9,917
275,669
Delivery Hero SE (a)(f)
1,116
20,671
Eternal Ltd. (a)
24,803
61,021
Haidilao International Holding
Ltd. (f)
14,000
25,775
Jollibee Foods Corp.
5,580
16,330
Jubilant Foodworks Ltd.
5,059
23,401
Meituan, Class B (a)(f)
43,007
469,363
Restaurant Brands
International, Inc.
3,876
286,179
Sodexo SA
489
25,022
Swiggy Ltd. (a)
6,945
19,271
Yum China Holdings, Inc.
3,050
151,517
Zensho Holdings Co. Ltd.
600
34,945
 
1,409,164
Retail REITs - 0.0%*
Klepierre SA
1,391
52,056
Link REIT
15,068
69,846
Scentre Group
30,026
68,773
Unibail-Rodamco-Westfield (a)
702
77,204
Vicinity Ltd.
24,589
39,821
 
307,700
Security & Alarm Services - 0.0%*
Secom Co. Ltd.
2,300
87,397
Securitas AB, Class B
3,182
52,958
Verisure PLC (a)
1,374
14,218
 
154,573
Semiconductor Materials & Equipment - 0.5%
Advanced Micro-Fabrication
Equipment, Inc. China,
Class A
339
15,325
Advantest Corp.
4,500
619,527
ASM International NV
273
206,268
ASML Holding NV
2,274
3,014,315
BE Semiconductor Industries
NV
422
90,104
Disco Corp.
526
213,870
GCL Technology Holdings Ltd.
(a)
275,000
30,549
Globalwafers Co. Ltd.
2,000
27,281
Hangzhou First Applied
Material Co. Ltd., Class A
1,920
4,930
Hanmi Semiconductor Co. Ltd.
387
66,865
Hon Precision, Inc.
1,000
110,646
Kulicke & Soffa Industries, Inc.
1,216
79,916
Lasertec Corp.
438
97,251
National Silicon Industry
Group Co. Ltd., Class A (a)
5,161
12,845
NAURA Technology Group Co.
Ltd., Class A
540
35,520
Nova Ltd. (a)
171
75,199
SCREEN Holdings Co. Ltd.
1,000
59,432
Tokyo Electron Ltd.
2,588
641,435
Xinyi Solar Holdings Ltd.
66,870
25,066
 
5,426,344
 
Number
of Shares
Fair
Value
Semiconductors - 1.7%
Alchip Technologies Ltd.
1,000
$81,552
Allegro MicroSystems, Inc. (a)
700
22,071
ASE Technology Holding Co.
Ltd.
28,000
308,172
Cambricon Technologies Corp.
Ltd., Class A (a)
173
25,158
China Resources
Microelectronics Ltd.,
Class A
1,955
12,781
eMemory Technology, Inc.
1,000
85,146
GigaDevice Semiconductor,
Inc., Class A
560
19,931
Global Unichip Corp.
1,000
70,839
Hua Hong Semiconductor Ltd.,
Class H (a)(f)
6,000
60,550
Hygon Information Technology
Co. Ltd., Class A
1,504
46,984
indie Semiconductor, Inc.,
Class A (a)
4,752
15,301
Infineon Technologies AG
7,623
344,734
Ingenic Semiconductor Co.
Ltd., Class A
600
9,284
JA Solar Technology Co. Ltd.,
Class A (a)
4,268
6,830
JCET Group Co. Ltd., Class A
2,000
11,466
Jentech Precision Industrial
Co. Ltd.
1,000
125,739
Jinko Solar Co. Ltd., Class A
(a)
15,683
15,012
King Yuan Electronics Co. Ltd.
9,000
76,988
Kioxia Holdings Corp. (a)
1,100
143,312
LONGi Green Energy
Technology Co. Ltd.,
Class A (a)
7,836
20,108
MediaTek, Inc.
13,000
623,547
Montage Technology Co. Ltd.,
Class A
361
6,717
Novatek Microelectronics
Corp.
5,886
71,055
OmniVision Integrated Circuits
Group, Inc., Class A
740
10,321
Realtek Semiconductor Corp.
5,040
76,653
Renesas Electronics Corp.
10,300
146,905
Sanan Optoelectronics Co.
Ltd., Class A
400
682
SG Micro Corp., Class A
253
2,512
SK Hynix, Inc.
4,644
2,634,842
STMicroelectronics NV
3,926
133,174
Taiwan Semiconductor
Manufacturing Co. Ltd.
210,557
12,177,465
Tongwei Co. Ltd., Class A (a)
3,300
8,037
Tower Semiconductor Ltd. (a)
650
114,488
Trina Solar Co. Ltd., Class A
(a)
1,600
3,851
Unigroup Guoxin
Microelectronics Co. Ltd.,
Class A
419
4,082
United Microelectronics Corp.
99,000
177,467
Vanguard International
Semiconductor Corp.
7,366
27,342
WAAREE Energies Ltd.
613
20,098
 
17,741,196
Silver - 0.0%*
Fresnillo PLC
1,420
62,710
Soft Drinks & Non-alcoholic Beverages - 0.1%
Arca Continental SAB de CV
4,500
51,561
Coca-Cola Europacific
Partners PLC
1,200
108,804
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
79
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Coca-Cola Femsa SAB de CV
4,665
$45,172
Coca-Cola HBC AG, Class DI
1,255
70,431
Eastroc Beverage Group Co.
Ltd., Class A
130
3,864
Fomento Economico Mexicano
SAB de CV
14,000
153,561
Nongfu Spring Co. Ltd.,
Class H (f)
19,400
117,328
Suntory Beverage & Food Ltd.
800
22,537
Varun Beverages Ltd.
12,171
49,783
 
623,041
Specialized Consumer Services - 0.0%*
OneSpaWorld Holdings Ltd.
2,373
54,460
Specialized Finance - 0.0%*
Banco Latinoamericano de
Comercio Exterior SA
664
33,917
Chailease Holding Co. Ltd.
13,196
45,730
Far East Horizon Ltd.
23,000
20,796
Mitsubishi HC Capital, Inc.
5,700
51,023
Power Finance Corp. Ltd.
11,686
47,237
REC Ltd.
11,447
37,279
 
235,982
Specialty Chemicals - 0.1%
Akzo Nobel NV
1,099
62,977
Asian Paints Ltd.
3,173
73,171
DSM-Firmenich AG
992
70,728
EMS-Chemie Holding AG
37
28,950
Evonik Industries AG
1,290
25,233
Ganfeng Lithium Group Co.
Ltd., Class A
2,000
23,078
Ganfeng Lithium Group Co.
Ltd., Class H (f)
3,400
32,246
Givaudan SA
54
181,703
Nippon Paint Holdings Co. Ltd.
5,400
33,779
Nitto Denko Corp.
3,900
77,828
Novonesis Novozymes B,
Class B
2,039
120,762
Shanghai Putailai New Energy
Technology Group Co. Ltd.,
Class A
1,798
8,453
Shin-Etsu Chemical Co. Ltd.
9,812
398,566
Sika AG
885
145,763
Syensqo SA
373
21,674
Symrise AG
762
64,863
Wanhua Chemical Group Co.
Ltd., Class A
1,400
16,275
Zhejiang NHU Co. Ltd.,
Class A
2,592
13,041
 
1,399,090
Steel - 0.1%
APL Apollo Tubes Ltd.
1,395
28,803
ArcelorMittal SA
2,472
127,797
Baoshan Iron & Steel Co. Ltd.,
Class A
10,200
9,536
China Steel Corp.
107,000
63,961
Eregli Demir ve Celik
Fabrikalari TAS
27,871
17,837
Fortescue Ltd.
9,824
139,353
Inner Mongolia BaoTou Steel
Union Co. Ltd., Class A
42,400
15,604
JFE Holdings, Inc.
3,600
42,044
Jindal Stainless Ltd.
2,897
21,975
Jindal Steel Ltd.
3,554
42,215
JSW Steel Ltd.
4,661
55,881
Nippon Steel Corp.
28,000
103,001
 
Number
of Shares
Fair
Value
NMDC Ltd.
20,483
$16,669
Novolipetsk Steel PJSC GDR
(a)(c)**
2,290
—
Novolipetsk Steel PJSC
(a)(c)**
4,980
—
POSCO Holdings, Inc.
625
140,727
Severstal PAO GDR (a)(c)**
3,070
—
Severstal PAO (a)(c)**
695
—
Tata Steel Ltd.
50,470
103,553
Vale SA
30,640
483,955
 
1,412,911
Systems Software - 0.0%*
360 Security Technology, Inc.,
Class A
4,700
7,364
Asseco Poland SA
411
18,856
Check Point Software
Technologies Ltd. (a)
524
74,853
CyberArk Software Ltd. (a)
288
12,960
Nebius Group NV (a)
1,200
124,512
Oracle Corp. Japan
237
12,822
TOTVS SA
4,838
32,371
 
283,738
Technology Distributors - 0.0%*
Unisplendour Corp. Ltd.,
Class A
3,100
11,383
Technology Hardware, Storage & Peripherals - 0.7%
Advantech Co. Ltd.
4,599
47,158
Asia Vital Components Co.
Ltd.
3,000
198,148
Asustek Computer, Inc.
6,053
106,311
Canon, Inc.
5,000
138,401
Catcher Technology Co. Ltd.
5,000
29,607
Compal Electronics, Inc.
45,225
39,340
FUJIFILM Holdings Corp.
6,445
122,516
Gigabyte Technology Co. Ltd.
5,000
35,821
IEIT Systems Co. Ltd., Class A
300
2,496
Inventec Corp.
26,249
33,642
Lenovo Group Ltd.
72,000
86,606
Lite-On Technology Corp.
16,693
76,391
Logitech International SA
880
81,319
Pegatron Corp.
17,251
41,826
Quanta Computer, Inc.
23,507
211,538
Samsung Electronics Co. Ltd.
40,305
4,714,125
Shenzhen Transsion Holdings
Co. Ltd., Class A
725
5,856
Wistron Corp.
26,000
103,392
Wiwynn Corp.
1,000
107,606
Xiaomi Corp., Class B (a)(f)
146,400
604,806
 
6,786,905
Tires & Rubber - 0.0%*
Balkrishna Industries Ltd.
654
14,550
Bridgestone Corp.
6,592
137,033
Cie Generale des
Etablissements Michelin
SCA
3,788
129,363
Continental AG
711
49,476
Hankook Tire & Technology
Co. Ltd.
820
30,185
MRF Ltd.
29
39,560
Sailun Group Co. Ltd., Class A
2,300
4,337
 
404,504
Tobacco - 0.1%
British American Tobacco PLC
12,741
736,988
See Notes to Schedule of Investments.
 
80
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Imperial Brands PLC
4,382
$177,022
ITC Ltd.
21,553
65,860
Japan Tobacco, Inc.
7,007
268,165
KT&G Corp.
946
101,726
Smoore International Holdings
Ltd. (f)
16,000
18,263
 
1,368,024
Trading Companies & Distributors - 0.3%
Adani Enterprises Ltd.
2,096
39,082
AddTech AB, Class B
1,678
57,220
AerCap Holdings NV
966
132,516
Beijer Ref AB, Class B
2,572
35,433
BOC Aviation Ltd. (f)
700
6,987
Brenntag SE
772
52,129
Bunzl PLC
2,091
62,717
ITOCHU Corp.
34,745
440,903
Marubeni Corp.
8,200
299,246
Mitsubishi Corp.
18,846
644,966
Mitsui & Co. Ltd.
14,408
555,559
MonotaRO Co. Ltd.
1,500
16,220
Posco International Corp.
417
19,466
Rexel SA
1,434
56,644
SGH Ltd.
1,280
36,151
Sumitomo Corp.
6,400
238,902
Toromont Industries Ltd.
496
69,221
Toyota Tsusho Corp.
4,000
154,652
 
2,918,014
Transaction & Payment Processing Services - 0.0%*
Adyen NV (a)(f)
146
145,663
EVERTEC, Inc.
1,525
43,035
One 97 Communications Ltd.
(a)
3,584
36,602
Pagseguro Digital Ltd.,
Class A
4,245
42,535
StoneCo Ltd., Class A (a)
8,099
114,358
Wise PLC, Class A (a)
4,317
51,793
 
433,986
Water Utilities - 0.0%*
Cia de Saneamento Basico do
Estado de Sao Paulo
SABESP
4,258
129,031
Guangdong Investment Ltd.
26,000
26,045
Severn Trent PLC
1,555
63,540
United Utilities Group PLC
3,918
68,062
 
286,678
Wireless Telecommunication Services - 0.3%
Advanced Info Service PCL
NVDR
8,325
95,023
Airtel Africa PLC (f)
4,847
22,268
America Movil SAB de CV
159,200
201,013
Axiata Group Bhd.
36,600
20,069
Bharti Airtel Ltd.
22,350
424,726
CelcomDigi Bhd.
28,300
20,770
China United Network
Communications Ltd.,
Class A
13,600
8,811
Etihad Etisalat Co.
3,808
66,315
Far EasTone
Telecommunications Co.
Ltd.
10,000
28,884
KDDI Corp.
17,114
290,690
Maxis Bhd.
22,600
20,142
Millicom International Cellular
SA
500
37,470
 
Number
of Shares
Fair
Value
Mobile Telecommunications
Co. KSCP
14,744
$27,145
Mobile TeleSystems PJSC
(a)(c)**
3,970
—
MTN Group Ltd.
14,906
172,057
PLDT, Inc.
960
20,556
Rogers Communications, Inc.,
Class B
2,068
79,279
SK Telecom Co. Ltd.
599
30,992
SoftBank Corp.
167,500
223,593
SoftBank Group Corp.
21,660
526,139
Taiwan Mobile Co. Ltd.
12,946
44,264
Tele2 AB, Class B
3,141
64,604
TIM SA
7,300
38,388
Turkcell Iletisim Hizmetleri AS
11,613
27,742
Vodacom Group Ltd.
5,825
49,111
Vodafone Group PLC
108,942
163,714
Vodafone Idea Ltd. (a)
327,703
29,711
 
2,733,476
Total Common Stock
(Cost $175,741,570)
215,474,265
Preferred Stock - 0.2%
Automobile Manufacturers - 0.0%*
Bayerische Motoren Werke AG
5.52%
281
25,785
Dr. Ing hc F Porsche AG
5.90%
647
29,381
Hyundai Motor Co. 4.34%
342
54,143
Hyundai Motor Co. 4.39%
189
29,573
Porsche Automobil Holding SE
6.10%
963
35,151
Volkswagen AG 7.28%
1,195
121,853
 
295,886
Diversified Banks - 0.1%
Banco Bradesco SA 7.49%
46,421
170,414
Grupo Cibest SA 7.61%
4,559
84,114
Itau Unibanco Holding SA
7.84%
46,067
383,572
Itausa SA 8.78%
48,179
128,983
 
767,083
Electric Utilities - 0.0%*
Axia Energia (a)
3,897
42,269
Cia Energetica de Minas
Gerais 13.41%
17,707
42,759
 
85,028
Household Products - 0.0%*
Henkel AG & Co. KGaA 3.06%
922
70,999
Integrated Oil & Gas - 0.0%*
Petroleo Brasileiro SA -
Petrobras 6.01%
38,100
355,102
Surgutneftegas PAO (a)(c)**
115,200
—
 
355,102
Integrated Telecommunication Services - 0.0%*
Telecom Italia SpA (a)
32,033
26,372
Life Sciences Tools & Services - 0.0%*
Sartorius AG 0.35%
165
41,155
Motorcycle Manufacturers - 0.0%*
TVS Motor Co. Ltd. 6.00% (a)
10,728
1,159
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
81
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
 
Number
of Shares
Fair
Value
Specialty Chemicals - 0.0%*
Sociedad Quimica y Minera de
Chile SA (a)
1,313
$105,396
Steel - 0.0%*
Gerdau SA 3.26%
13,496
49,105
Technology Hardware, Storage & Peripherals - 0.1%
Samsung Electronics Co. Ltd.
1.46%
6,887
555,943
Total Preferred Stock
(Cost $1,608,202)
2,353,228
Rights - 0.0%*
Industrial REITs - 0.0%*
CapitaLand Ascendas REIT
(expiring 04/15/2026) (a)(d)
711
66
Integrated Telecommunication Services - 0.0%*
Telecom Italia SpA (expiring
04/30/2026) (a)(d)
92,550
2
Total Rights
(Cost $0)
68
Warrants - 0.0%*
Application Software - 0.0%
Constellation Software, Inc.
(expiring 03/31/40) (a)(c)**
238
—
Multi-Utilities - 0.0%*
YTL Corp. Bhd. (expiring
06/02/28) (a)(d)
4,580
215
YTL Power International Bhd.
(expiring 06/02/28) (a)(d)
6,160
837
 
1,052
Total Warrants
(Cost $0)
1,052
Total Foreign Equity
(Cost $177,349,772)
217,828,613
Exchange Traded & Mutual Funds - 35.8%
Invesco Optimum Yield
Diversified Commodity
Strategy No. K-1 ETF
2,746,006
47,560,824
State Street SPDR Bloomberg
High Yield Bond ETF (g)
606,605
58,064,231
State Street SPDR Bloomberg
International Treasury Bond
ETF (g)
943,731
20,714,895
State Street SPDR Portfolio
Aggregate Bond ETF (g)
5,287,151
135,456,809
State Street SPDR Portfolio
Long Term Corporate Bond
ETF (g)
1,401,822
31,148,485
State Street SPDR Portfolio
Long Term Treasury ETF (g)
791,657
20,820,579
State Street SPDR Portfolio
TIPS ETF (g)
2,032,824
52,873,752
Total Exchange Traded &
Mutual Funds
(Cost $357,809,605)
366,639,575
Total Investments in
Securities
(Cost $849,227,871)
997,850,604
 
Number
of Shares
Fair
Value
Short-Term Investment - 2.4%
State Street Institutional
U.S. Government Money
Market Fund - Class G
Shares 3.64% (g)(h)
(Cost $24,586,255)
24,586,255
$24,586,255
Total Investments
(Cost $873,814,126)
1,022,436,859
Other Assets and
Liabilities, net - 0.2%
1,614,623
NET ASSETS - 100.0%
$1,024,051,482
See Notes to Schedule of Investments.
 
82
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Other Information:
 
The Fund had the following long futures contracts open at March 31, 2026:
 
Description
Expiration
Date
Number of
Contracts
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
S&P/Toronto Stock Exchange 60 Index
June 2026
1
$271,120
$273,412
$2,292
MSCI Emerging Markets Index Futures
June 2026
15
1,121,931
1,090,950
(30,981
)
MSCI EAFE Mini Index Futures
June 2026
14
2,043,484
2,030,770
(12,714
)
E-mini Russell 2000 Index Futures
June 2026
3
374,519
376,830
2,311
E-mini Russell 1000 Index Futures
June 2026
15
2,758,775
2,692,350
(66,425
)
 
 
$(105,517
)
The views expressed in this document reflect our judgment as of the publication date and are subject to change at any time without notice. The securities cited may not be representative of the Fund’s future investments and should not be construed as a recommendation to purchase or sell a particular security. See the Fund’s summary prospectus and statutory prospectus for complete descriptions of investment objectives, policies, risks and permissible investments. 
(a)
Non-income producing security.
(b)
State Street Corporation is the parent company of
SSGA Funds Management, Inc., the Fund's investment
adviser and administrator, and State Street Bank &
Trust Co., the Fund’s sub-administrator, custodian and
accounting agent.
(c)
Security is fair valued by the Valuation Committee, in
accordance with the procedures approved by the
Fund's Board of Directors. Security value is
determined based on level 3 inputs.
(d)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for futures
contracts.
(e)
Reflects separate holdings of the issuer's common
stock traded on different securities exchanges.
(f)
Pursuant to Rule 144A of the Securities Act of 1933,
as amended, these securities may be resold in
transactions exempt from registration, normally to
qualified institutional buyers. At March 31, 2026, these
securities amounted to $5,120,979 or 0.50% of the net
assets of the State Street Total Return V.I.S. Fund.
(g)
Sponsored by SSGA Funds Management, Inc., the
Fund’s investment adviser and administrator, and an
affiliate of State Street Bank & Trust Co., the Fund’s
sub-administrator, custodian and accounting agent.
(h)
Coupon amount represents effective yield.
†
Percentages are based on net assets as of March 31,
2026.
*
Less than 0.05%.
**
Amount is less than $0.50.
 
Abbreviations:
ADR - American Depositary Receipt
AG - Assured Guaranty, Inc
GDR - Global Depositary Receipt
NVDR - Non-Voting Depositary Receipt
REIT - Real Estate Investment Trust
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
83
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
The following table presents the Fund’s investments measured at fair value on a recurring basis at March 31, 2026: 
Investments
Level 1
Level 2
Level 3
Total
Investments in Securities
Domestic Equity
$401,889,604
$11,492,794
$18
$413,382,416
Foreign Equity
35,102,131
182,726,482
0(a
)
217,828,613
Exchange Traded & Mutual Funds
366,639,575
—
—
366,639,575
Short-Term Investment
24,586,255
—
—
24,586,255
Total Investments in Securities
$828,217,565
$194,219,276
$18
$1,022,436,859
Other Financial Instruments
Long Futures Contracts - Unrealized Appreciation
4,603
—
—
4,603
Long Futures Contracts - Unrealized Depreciation
(110,120
)
—
—
(110,120
)
Total Other Financial Instruments
$(105,517
)
$—
$—
$(105,517
)
 
(a)
The Fund held Level 3 securities that were valued at $0 at March 31, 2026.
The Fund was invested in the following countries/territories at March 31, 2026 (Unaudited): 
Country/Territory
Percentage (based on
Fair Value)
United States
78.70
%
Japan
2.68
%
China
2.25
%
Taiwan
2.00
%
Canada
1.69
%
Republic of Korea
1.41
%
United Kingdom
1.28
%
India
1.09
%
Germany
1.05
%
France
1.00
%
Australia
0.94
%
Switzerland
0.57
%
Netherlands
0.56
%
Brazil
0.52
%
Spain
0.43
%
Italy
0.38
%
Sweden
0.38
%
South Africa
0.29
%
Saudi Arabia
0.26
%
Hong Kong
0.22
%
Singapore
0.21
%
Mexico
0.21
%
Denmark
0.18
%
Thailand
0.15
%
Finland
0.14
%
Israel
0.13
%
Malaysia
0.11
%
Belgium
0.10
%
Poland
0.10
%
Norway
0.10
%
United Arab Emirates
0.09
%
Indonesia
0.08
%
Chile
0.07
%
Ireland
0.06
%
Kuwait
0.05
%
Qatar
0.05
%
Greece
0.05
%
Turkey
0.04
%
Austria
0.04
%
Philippines
0.03
%
Hungary
0.03
%
New Zealand
0.03
%
Peru
0.03
%
Luxembourg
0.02
%
Puerto Rico
0.02
%
Portugal
0.02
%
UAE
0.02
%
Colombia
0.02
%
Bermuda
0.02
%
Czech Republic
0.01
%
Cameroon
0.01
%
Monaco
0.01
%
Zambia
0.01
%
Macau
0.01
%
Ivory Coast
0.01
%
South Korea
0.01
%
Egypt
0.01
%
Bahamas
0.01
%
Cayman Islands
0.01
%
Congo
0.00
%***
Guernsey
0.00
%***
See Notes to Schedule of Investments.
 
84
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Country/Territory
Percentage (based on
Fair Value)
Romania
0.00
%***
Guatemala
0.00
%***
Panama
0.00
%***
Czech
0.00
%***
Ghana
0.00
%***
Nigeria
0.00
%***
Kazakhstan
0.00
%***
Isle Of Man
0.00
%***
Malta
0.00
%***
Gibraltar
0.00
%***
Russian Federation
0.00
%***
 
100.00
%
 
***
Less than 0.005%.
The Fund’s % share of investment in the various categories, based on Fair Value, is as follows at March 31, 2026 (Unaudited): 
Industry
Domestic
Foreign
Total
Exchange Traded
Funds
35.86
%
0.00
%
35.86
%
Semiconductors
4.11
%
1.74
%
5.85
%
Diversified Banks
0.99
%
3.50
%
4.49
%
Technology Hardware,
Storage &
Peripherals
2.24
%
0.71
%
2.95
%
Interactive Media &
Services
2.40
%
0.43
%
2.83
%
Pharmaceuticals
1.76
%
0.58
%
2.34
%
Systems Software
1.93
%
0.03
%
1.96
%
Broadline Retail
1.14
%
0.52
%
1.66
%
Aerospace & Defense
0.96
%
0.49
%
1.45
%
Biotechnology
1.29
%
0.16
%
1.45
%
Integrated Oil & Gas
0.86
%
0.42
%
1.28
%
Application Software
0.99
%
0.20
%
1.19
%
Automobile
Manufacturers
0.66
%
0.45
%
1.11
%
Semiconductor
Materials &
Equipment
0.53
%
0.53
%
1.06
%
Electric Utilities
0.59
%
0.38
%
0.97
%
Regional Banks
0.82
%
0.06
%
0.88
%
Industrial Machinery &
Supplies &
Components
0.48
%
0.29
%
0.77
%
Healthcare Equipment
0.66
%
0.08
%
0.74
%
Electrical Components
& Equipment
0.48
%
0.25
%
0.73
%
Transaction &
Payment
Processing
Services
0.65
%
0.04
%
0.69
%
Consumer Staples
Merchandise Retail
0.61
%
0.04
%
0.65
%
Property & Casualty
Insurance
0.42
%
0.22
%
0.64
%
Integrated
Telecommunication
Services
0.29
%
0.31
%
0.60
%
Investment Banking &
Brokerage
0.48
%
0.09
%
0.57
%
Multi-Sector Holdings
0.49
%
0.08
%
0.57
%
Life & Health
Insurance
0.13
%
0.43
%
0.56
%
Oil & Gas Exploration
& Production
0.40
%
0.16
%
0.56
%
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
85
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Industry
Domestic
Foreign
Total
Movies &
Entertainment
0.52
%
0.03
%
0.55
%
Gold
0.13
%
0.41
%
0.54
%
Construction
Machinery & Heavy
Transportation
Equipment
0.35
%
0.18
%
0.53
%
Trading Companies &
Distributors
0.23
%
0.29
%
0.52
%
Construction &
Engineering
0.33
%
0.18
%
0.51
%
Communications
Equipment
0.43
%
0.08
%
0.51
%
Asset Management &
Custody Banks
0.36
%
0.14
%
0.50
%
Packaged Foods &
Meats
0.31
%
0.19
%
0.50
%
Electronic
Components
0.20
%
0.29
%
0.49
%
Restaurants
0.34
%
0.14
%
0.48
%
Financial Exchanges
& Data
0.32
%
0.15
%
0.47
%
Industrial
Conglomerates
0.12
%
0.32
%
0.44
%
Diversified Metals &
Mining
0.03
%
0.40
%
0.43
%
Soft Drinks &
Non-alcoholic
Beverages
0.35
%
0.06
%
0.41
%
IT Consulting & Other
Services
0.23
%
0.17
%
0.40
%
Heavy Electrical
Equipment
0.21
%
0.19
%
0.40
%
Building Products
0.29
%
0.10
%
0.39
%
Life Sciences Tools &
Services
0.32
%
0.07
%
0.39
%
Oil & Gas Storage &
Transportation
0.22
%
0.17
%
0.39
%
Multi-Utilities
0.24
%
0.14
%
0.38
%
Specialty Chemicals
0.23
%
0.15
%
0.38
%
Hotels, Resorts &
Cruise Lines
0.30
%
0.07
%
0.37
%
Household Products
0.28
%
0.06
%
0.34
%
Tobacco
0.21
%
0.13
%
0.34
%
Wireless
Telecommunication
Services
0.07
%
0.27
%
0.34
%
Apparel, Accessories
& Luxury Goods
0.07
%
0.27
%
0.34
%
Oil & Gas Refining &
Marketing
0.17
%
0.15
%
0.32
%
Apparel Retail
0.21
%
0.10
%
0.31
%
Multi-Line Insurance
0.00
%
0.30
%
0.30
%
Consumer Finance
0.25
%
0.04
%
0.29
%
Rail Transportation
0.16
%
0.12
%
0.28
%
Home Improvement
Retail
0.26
%
0.01
%
0.27
%
Healthcare Services
0.24
%
0.02
%
0.26
%
Food Retail
0.06
%
0.20
%
0.26
%
Electronic Equipment
& Instruments
0.16
%
0.09
%
0.25
%
Internet Services &
Infrastructure
0.16
%
0.09
%
0.25
%
Steel
0.09
%
0.15
%
0.24
%
Personal Care
Products
0.05
%
0.18
%
0.23
%
Oil & Gas Equipment
& Services
0.21
%
0.02
%
0.23
%
See Notes to Schedule of Investments.
 
86
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Industry
Domestic
Foreign
Total
Industrial Gases
0.16
%
0.07
%
0.23
%
Research &
Consulting Services
0.15
%
0.07
%
0.22
%
Managed Healthcare
0.22
%
0.00
%
0.22
%
Electronic
Manufacturing
Services
0.09
%
0.13
%
0.22
%
Retail REITs
0.18
%
0.03
%
0.21
%
Air Freight & Logistics
0.11
%
0.08
%
0.19
%
Construction Materials
0.12
%
0.07
%
0.19
%
Health Care REITs
0.19
%
0.00
%
0.19
%
Healthcare Supplies
0.10
%
0.08
%
0.18
%
Gas Utilities
0.09
%
0.08
%
0.17
%
Interactive Home
Entertainment
0.07
%
0.10
%
0.17
%
Automotive Parts &
Equipment
0.08
%
0.09
%
0.17
%
Automotive Retail
0.15
%
0.02
%
0.17
%
Home Building
0.16
%
0.01
%
0.17
%
Healthcare Facilities
0.12
%
0.04
%
0.16
%
Environmental &
Facilities Services
0.14
%
0.01
%
0.15
%
Industrial REITs
0.11
%
0.04
%
0.15
%
Insurance Brokers
0.15
%
0.00
%
0.15
%
Diversified Financial
Services
0.06
%
0.09
%
0.15
%
Diversified Capital
Markets
0.00
%
0.15
%
0.15
%
Healthcare
Distributors
0.13
%
0.01
%
0.14
%
Passenger Airlines
0.08
%
0.05
%
0.13
%
Human Resource &
Employment
Services
0.09
%
0.04
%
0.13
%
Commodity Chemicals
0.06
%
0.07
%
0.13
%
Coal & Consumable
Fuels
0.06
%
0.07
%
0.13
%
Independent Power
Producers & Energy
Traders
0.04
%
0.08
%
0.12
%
Copper
0.05
%
0.07
%
0.12
%
Consumer Electronics
0.02
%
0.10
%
0.12
%
Agricultural & Farm
Machinery
0.10
%
0.01
%
0.11
%
Diversified Support
Services
0.07
%
0.04
%
0.11
%
Reinsurance
0.05
%
0.06
%
0.11
%
Other Specialty Retail
0.08
%
0.03
%
0.11
%
Fertilizers &
Agricultural
Chemicals
0.05
%
0.05
%
0.10
%
Passenger Ground
Transportation
0.08
%
0.02
%
0.10
%
Brewers
0.00
%
0.10
%
0.10
%
Diversified Real
Estate Activities
0.01
%
0.09
%
0.10
%
Casinos & Gaming
0.06
%
0.04
%
0.10
%
Data Center REITs
0.09
%
0.00
%
0.09
%
Education Services
0.07
%
0.02
%
0.09
%
Mortgage REITs
0.08
%
0.00
%
0.08
%
Cargo Ground
Transportation
0.08
%
0.00
%
0.08
%
Distillers & Vintners
0.02
%
0.06
%
0.08
%
Real Estate Services
0.07
%
0.01
%
0.08
%
Aluminum
0.03
%
0.05
%
0.08
%
Marine Transportation
0.03
%
0.05
%
0.08
%
Oil & Gas Drilling
0.06
%
0.02
%
0.08
%
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
87
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Industry
Domestic
Foreign
Total
Water Utilities
0.04
%
0.03
%
0.07
%
Telecom Tower REITs
0.07
%
0.00
%
0.07
%
Multi-Family
Residential REITs
0.07
%
0.00
%
0.07
%
Other Specialized
REITs
0.07
%
0.00
%
0.07
%
Footwear
0.05
%
0.02
%
0.07
%
Paper & Plastic
Packaging Products
& Materials
0.06
%
0.00
%
0.06
%
Cable & Satellite
0.06
%
0.00
%
0.06
%
Commercial &
Residential
Mortgage Finance
0.06
%
0.00
%
0.06
%
Diversified REITs
0.04
%
0.02
%
0.06
%
Diversified Chemicals
0.01
%
0.05
%
0.06
%
Real Estate Operating
Companies
0.00
%
0.06
%
0.06
%
Real Estate
Development
0.00
%
0.06
%
0.06
%
Agricultural Products
& Services
0.04
%
0.01
%
0.05
%
Metal, Glass & Plastic
Containers
0.04
%
0.01
%
0.05
%
Office REITs
0.04
%
0.01
%
0.05
%
Self Storage REITs
0.05
%
0.00
%
0.05
%
Hotel & Resort REITs
0.05
%
0.00
%
0.05
%
Data Processing &
Outsourced
Services
0.04
%
0.01
%
0.05
%
Renewable Electricity
0.02
%
0.03
%
0.05
%
Food Distributors
0.05
%
0.00
%
0.05
%
Alternative Carriers
0.04
%
0.01
%
0.05
%
Leisure Products
0.04
%
0.01
%
0.05
%
Advertising
0.03
%
0.02
%
0.05
%
Precious Metals &
Minerals
0.00
%
0.05
%
0.05
%
Technology
Distributors
0.04
%
0.00
%
0.04
%
Healthcare
Technology
0.03
%
0.01
%
0.04
%
Silver
0.03
%
0.01
%
0.04
%
Specialized Consumer
Services
0.03
%
0.01
%
0.04
%
Leisure Facilities
0.03
%
0.01
%
0.04
%
Security & Alarm
Services
0.02
%
0.02
%
0.04
%
Tires & Rubber
0.00
%
0.04
%
0.04
%
Airport Services
0.00
%
0.04
%
0.04
%
Single-Family
Residential REITs
0.03
%
0.00
%
0.03
%
Specialized Finance
0.01
%
0.02
%
0.03
%
Paper Products
0.01
%
0.02
%
0.03
%
Motorcycle
Manufacturers
0.00
%
0.03
%
0.03
%
Highways & Railtracks
0.00
%
0.03
%
0.03
%
Office Services &
Supplies
0.02
%
0.00
%
0.02
%
Broadcasting
0.02
%
0.00
%
0.02
%
Home Furnishings
0.02
%
0.00
%
0.02
%
Distributors
0.02
%
0.00
%
0.02
%
Home Furnishing
Retail
0.02
%
0.00
%
0.02
%
Publishing
0.02
%
0.00
%
0.02
%
Household Appliances
0.01
%
0.01
%
0.02
%
Marine Ports &
Services
0.00
%
0.02
%
0.02
%
See Notes to Schedule of Investments.
 
88
State Street Total Return V.I.S. Fund
State Street Total Return V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
Industry
Domestic
Foreign
Total
Drug Retail
0.00
%
0.02
%
0.02
%
Timber REITs
0.01
%
0.00
%
0.01
%
Commercial Printing
0.00
%
0.01
%
0.01
%
Computer &
Electronics Retail
0.01
%
0.00
%
0.01
%
Forest Products
0.00
%
0.00
%
0.00
%***
Housewares &
Specialties
0.00
%
0.00
%
0.00
%***
 
97.60
%
 
Short-Term Investment
Percentage (based
on Fair Value)
Short-Term
Investment
2.40
%
 
100.00
%
 
***
Less than 0.005%.
 
Affiliate Table
 
 
Number
of Shares
Held at
12/31/25
Value at
12/31/25
Cost of
Purchases
Proceeds
from
Shares
Sold
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Number of
Shares
Held at
3/31/26
Value at
3/31/26
Dividend
Income
State Street Corp.
1,761
$227,187
$—
$24,301
$7,432
$(12,758
)
1,561
$197,560
$1,479
State Street Institutional
U.S. Government
Money Market Fund -
Class G Shares
45,449,205
45,449,205
69,753,339
90,616,289
—
—
24,586,255
24,586,255
303,139
State Street SPDR
Bloomberg High Yield
Bond ETF
446,458
43,400,182
15,909,893
501,487
8,858
(753,215
)
606,605
58,064,231
480,411
State Street SPDR
Bloomberg
International Treasury
Bond ETF
—
—
21,115,981
—
—
(401,086
)
943,731
20,714,895
—
State Street SPDR
Portfolio Aggregate
Bond ETF
5,031,542
129,562,206
22,578,687
16,207,500
333,737
(810,321
)
5,287,151
135,456,809
837,620
State Street SPDR
Portfolio Long Term
Corporate Bond ETF
472,234
10,663,044
21,732,766
694,347
(12,456
)
(540,522
)
1,401,822
31,148,485
290,118
State Street SPDR
Portfolio Long Term
Treasury ETF
1,807,448
47,843,149
15,858,060
42,950,337
(670,825
)
740,532
791,657
20,820,579
230,202
State Street SPDR
Portfolio TIPS ETF
2,071,006
53,742,606
300,232
1,300,981
(6,548
)
138,443
2,032,824
52,873,752
21,708
TOTAL
 
$330,887,579
$167,248,958
$152,295,242
$(339,802
)
$(1,638,927
)
$343,862,566
$2,164,677
See Notes to Schedule of Investments.
 
State Street Total Return V.I.S. Fund
89
State Street Real Estate Securities V.I.S. Fund
Schedule of Investments 
March 31, 2026 (Unaudited)
 
 
Number
of Shares
Fair
Value
Common Stock (REITs) - 99.3% †
Alternate Housing - 4.9%
American Homes 4 Rent,
Class A
10,460
$292,043
Equity LifeStyle Properties,
Inc.
4,640
289,629
Invitation Homes, Inc.
13,910
345,664
 
927,336
Data Center - 16.6%
Digital Realty Trust, Inc.
5,170
931,686
Equinix, Inc.
1,665
1,632,099
Iron Mountain, Inc.
5,883
600,890
 
3,164,675
Healthcare - 22.3%
Alexandria Real Estate
Equities, Inc.
3,689
171,243
American Healthcare REIT,
Inc.
6,290
296,636
Diversified Healthcare Trust
9,127
60,603
Healthcare Realty Trust, Inc.
14,563
247,425
Janus Living, Inc., Class A-1
(a)
3,906
92,065
National Health Investors, Inc.
1,170
94,606
Omega Healthcare Investors,
Inc.
7,230
316,819
Sabra Health Care REIT, Inc.
9,670
185,954
Ventas, Inc.
11,090
906,940
Welltower, Inc.
9,550
1,888,131
 
4,260,422
Hotel - 2.9%
DiamondRock Hospitality Co.
11,787
110,444
Host Hotels & Resorts, Inc.
15,310
293,340
Ryman Hospitality Properties,
Inc.
1,300
119,951
Sunstone Hotel Investors, Inc.
4,212
37,950
 
561,685
Industrial - 11.8%
Americold Realty Trust, Inc.
4,580
52,487
EastGroup Properties, Inc.
190
35,167
First Industrial Realty Trust,
Inc.
10,060
581,971
Lineage, Inc.
1,140
37,346
LXP Industrial Trust
3,710
171,625
Prologis, Inc.
9,180
1,213,412
Rexford Industrial Realty, Inc.
4,700
153,831
 
2,245,839
Multifamily - 7.9%
Camden Property Trust
4,770
465,838
Equity Residential
2,760
163,254
Essex Property Trust, Inc.
507
122,694
Independence Realty Trust,
Inc.
4,918
73,229
Mid-America Apartment
Communities, Inc.
1,200
146,544
UDR, Inc.
15,820
534,400
 
1,505,959
Net Lease - 7.1%
Agree Realty Corp.
6,610
498,262
Broadstone Net Lease, Inc.
6,040
110,351
NETSTREIT Corp.
6,971
131,264
 
Number
of Shares
Fair
Value
Realty Income Corp.
9,920
$606,905
 
1,346,782
Office - 2.9%
Cousins Properties, Inc.
8,384
189,227
Empire State Realty Trust,
Inc., Class A
10,403
54,096
Piedmont Realty Trust, Inc.,
Class A (a)
9,800
64,386
SL Green Realty Corp.
2,260
83,484
Vornado Realty Trust
6,220
161,658
 
552,851
Regional Malls - 4.6%
Macerich Co.
13,530
255,717
Simon Property Group, Inc.
3,320
619,280
 
874,997
Self Storage - 7.3%
CubeSmart
3,240
118,746
Extra Space Storage, Inc.
4,810
630,735
Public Storage
2,380
644,695
 
1,394,176
Shopping Centers - 8.1%
Brixmor Property Group, Inc.
19,510
561,888
InvenTrust Properties Corp.
2,576
78,465
Kimco Realty Corp.
22,772
511,687
Kite Realty Group Trust
15,890
390,099
 
1,542,139
Specialty - 2.4%
Lamar Advertising Co.,
Class A
910
115,261
VICI Properties, Inc.
12,620
344,778
 
460,039
Towers - 0.5%
Crown Castle, Inc.
1,230
100,011
Total Common Stock
(REITs)
(Cost $15,080,593)
18,936,911
Short-Term Investment - 0.7%
State Street Institutional
U.S. Government Money
Market Fund - Class G
Shares 3.64% (b)(c)
(Cost $132,093)
132,093
132,093
Total Investments
(Cost $15,212,686)
19,069,004
Liabilities in Excess of
Other Assets, net -
(0.0)%*
(5,536
)
NET ASSETS - 100.0%
$19,063,468
The views expressed in this document reflect our judgment as of the publication date and are subject to change at any time without notice. The securities cited may not be representative of the Fund’s future investments and should not be construed as a recommendation to purchase or sell a particular security. See the Fund’s summary prospectus and statutory prospectus for complete descriptions of investment objectives, policies, risks and permissible investments. 
(a)
Non-income producing security.
See Notes to Schedule of Investments.
 
90
State Street Real Estate Securities V.I.S. Fund
State Street Real Estate Securities V.I.S. Fund
Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
(b)
Sponsored by SSGA Funds Management, Inc., the
Fund’s investment adviser and administrator, and an
affiliate of State Street Bank & Trust Co., the Fund’s
sub-administrator, custodian and accounting agent.
(c)
Coupon amount represents effective yield.
†
Percentages are based on net assets as of March 31,
2026.
*
Less than 0.05%.
 
Abbreviations:
REIT - Real Estate Investment Trust
 
The following table presents the Fund’s investments measured at fair value on a recurring basis at March 31, 2026: 
Investments
Level 1
Level 2
Level 3
Total
Investments in Securities
Common Stock
$18,936,911
$—
$—
$18,936,911
Short-Term Investment
132,093
—
—
132,093
Total Investments in Securities
$19,069,004
$—
$—
$19,069,004
 
Affiliate Table
 
 
Number
of Shares
Held at
12/31/25
Value at
12/31/25
Cost of
Purchases
Proceeds
from
Shares
Sold
Realized
Gain
(Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Number of
Shares
Held at
3/31/26
Value at
3/31/26
Dividend
Income
State Street Institutional U.S. Government
Money Market Fund - Class G Shares
29,886
$29,886
$819,044
$716,837
$—
$—
132,093
$132,093
$852
See Notes to Schedule of Investments.
 
State Street Real Estate Securities V.I.S. Fund
91
State Street Variable Insurance Series Funds, Inc.
Notes to Schedule of Investments 
March 31, 2026 (Unaudited)
Security Valuation Each Fund’s investments are valued at fair value each day that the New York Stock Exchange (“NYSE”) is open and, for financial reporting purposes, as of the report date should the reporting period end on a day that the NYSE is not open. Fair value is generally defined as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. By its nature, a fair value price is a good faith estimate of the valuation in a current sale and may not reflect an actual market price. The investments of each Fund are valued pursuant to the policy and procedures developed by the Oversight Committee (the “Committee”) and approved by the Board of Trustees (the “Board”). The Committee provides oversight of the valuation of investments for the Funds. The Board has responsibility for overseeing the determination of the fair value of investments.
Valuation techniques used to value each Fund’s investments by major category are as follows:
•Equity investments traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value.
•Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit.
•Rights and warrants are valued at the last reported sale price obtained from independent pricing services or brokers on the valuation date. If no price is obtained from pricing services or brokers, valuation will be based upon the intrinsic value pursuant to the valuation policy and procedures approved by the Board.
•Fixed income assets are generally valued at the mean of the bid and ask prices for bank loans and inflation protected securities, and at the bid price for all other fixed income assets as provided by independent pricing services or brokers.
•Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value. 
•Swap agreements are valued daily based upon prices supplied by Board approved pricing vendors or through brokers. Depending on the product and terms of the transaction, the value of agreements is determined using a series of techniques including valuation models that incorporate a number of market data factors, such as discounted cash flows, yields, curves, trades and values of the underlying reference instruments. In the event SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”) is unable to obtain an independent, third-party valuation the agreements will be fair valued.
In the event prices or quotations are not readily available or that the application of these valuation methods results in a price for an investment that is deemed to be not representative of the fair value of such investment, fair value will be determined in good faith by the Committee, in accordance with the valuation policy and procedures approved by the Board.
A “significant event” is an event that the Board believes, with a reasonably high degree of certainty, has caused the closing market prices of a Fund’s portfolio securities to no longer reflect their value at the time of the Fund’s NAV calculation. Fair value may be determined using an independent fair value service under valuation procedures approved by the Board. The independent fair value service takes into account multiple factors including, but not limited to, movements in the U.S. securities markets, certain depositary receipts, futures contracts and foreign currency exchange rates that have occurred subsequent to the close of foreign securities exchanges. The use of the independent fair value service or alternative fair valuation methods would result in the investments being classified within Level 2 of the fair value hierarchy. At March 31, 2026, the independent fair value service was used for certain foreign securities in certain Funds/Portfolios, and these securities were classified within Level 2 of the fair value hierarchy.
The Funds value their assets and liabilities at fair value using a fair value hierarchy consisting of three broad levels that prioritize the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with investing in it.
The three levels of the fair value hierarchy are as follows:
•Level 1 — Unadjusted quoted prices in active markets for an identical asset or liability;
•Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and
92
State Street Variable Insurance Series Funds, Inc.
Notes to Schedule of Investments (Continued)
March 31, 2026 (Unaudited)
•Level 3 — Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments.
The value of each Fund’s investments according to the fair value hierarchy as of March 31, 2026 is disclosed in each Fund’s Schedule of Investments.
Futures Contracts
Each Fund may enter into futures contracts to meet its objectives. A futures contract is a standardized, exchange-traded agreement to buy or sell a financial instrument at a set price on a future date. Upon entering into a futures contract, a Fund is required to deposit with the broker, cash or securities in an amount equal to the minimum initial margin requirements of the clearing house. Securities deposited, if any, are designated on the Schedule of Investments and cash deposited, if any, is shown as Net cash collateral on deposit with broker for future contracts on the Statement of Assets and Liabilities. Subsequent payments are made or received by a Fund equal to the daily change in the contract value, accumulated, exchange rates, and/or other transactional fees. The accumulation of those payments are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses. A Fund recognizes a realized gain or loss when the contract is closed.
Losses may arise if the value of a futures contract decreases due to unfavorable changes in the market rates or values of the underlying instrument during the term of the contract or if the counterparty does not perform under the contract. The use of futures contracts also involves the risk that the movements in the price of the futures contracts do not correlate with the movement of the assets underlying such contracts.
During the period ended March 31, 2026, the following Funds entered into futures contracts for strategies listed below: 
Fund
Strategies
State Street U.S. Equity V.I.S. Fund
Equitization of cash
State Street S&P 500 Index V.I.S. Fund
Equitization of cash
State Street Premier Growth Equity V.I.S. Fund
Equitization of Cash
State Street Small-Cap Equity V.I.S. Fund
Equitization of cash
State Street Income V.I.S. Fund
Management of Interest Rate Risk
State Street Total Return V.I.S. Fund
Equitization of cash
To-Be-Announced Transactions
The State Street Income V.I.S. Fund may seek to obtain exposure to U.S. agency mortgage pass-through securities through the use of “to-be-announced” or “TBA transactions.” “TBA” refers to a commonly used mechanism for the forward settlement of U.S. agency mortgage pass-through securities. In a TBA transaction, the buyer and seller decide on general trade parameters, such as agency, settlement date, coupon, and price.
The Fund may use TBA transactions to “roll over” such agreements prior to the settlement date. This type of TBA transaction is sometimes known as a “TBA roll.” In a TBA roll a Fund generally will sell the obligation to purchase the pools stipulated in the TBA agreement prior to the settlement date and will enter into a new TBA agreement for future delivery of pools of mortgage pass-through securities. A fund may also enter into TBA agreements and settle such transactions on the stipulated settlement date by accepting actual receipt or delivery of the pools of mortgage pass-through securities.
Default by or bankruptcy of a counterparty to a TBA transaction would expose the Fund to possible loss because of adverse market action, expenses or delays in connection with the purchase or sale of the pools of mortgage pass-through securities specified in the TBA transaction. To minimize this risk, the Fund will enter into TBA transactions only with established counterparties. The Fund’s use of “TBA rolls” may impact portfolio turnover, transaction costs and capital gain distributions to shareholders.
Delayed Delivery and When-Issued Securities
During the period, the State Street Income V.I.S. Fund transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. The securities purchased on a delayed delivery or whenissued basis are identified as such in the Fund’s Schedule of Investments. The Fund may receive compensation for interest forgone in the purchase of a delayed delivery or when-issued security. With respect to such purchase commitments, the Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract’s terms, or if the issuer does not issue the securities due to political, economic or other factors.
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