Quarterly Report
March 31, 2026
The Select Sector SPDR® Trust
The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-787-2257 or visiting www.ssga.com. Please read the prospectus carefully before you invest.
 
TABLE OF CONTENTS (Unaudited) 
1
2
3
4
6
7
9
10
11
12
14
15
The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-787-2257 or visiting www.ssga.com. Please read the prospectus carefully before you invest.
STATE STREET COMMUNICATION SERVICES SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
99.1% 
State Street Communication Services
Select Sector SPDR ETF (a) (b)
(Cost $1,874,148)
17,264
$1,913,887
SHORT-TERM INVESTMENT — 0.3%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c) (d)
(Cost $6,056)
6,056
6,056
TOTAL INVESTMENTS — 99.4%
(Cost $1,880,204)
1,919,943
OTHER ASSETS IN EXCESS OF LIABILITIES —
0.6%
12,522
NET ASSETS — 100.0%
$1,932,465
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Communication Services
Select Sector SPDR ETF
N/A
USD 117
04/17/2026
(149)
USD (1,743,300)
$(1,490
)
$(15,363
)
$13,873
State Street Communication Services
Select Sector SPDR ETF
N/A
USD 115
04/17/2026
(21)
USD (241,500)
(1,050
)
(1,659
)
609
 
 
 
 
 
 
$(2,540
)
$(17,022
)
$14,482
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$1,913,887
$—
$—
$1,913,887
Short-Term Investment
6,056
—
—
6,056
TOTAL INVESTMENTS
$1,919,943
$—
$—
$1,919,943
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(2,540
)
$—
$—
$(2,540
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(2,540
)
$—
$—
$(2,540
)
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 Communication Services Select Sector SPDR ETF
12,972
$1,527,064
$505,986
$17,325
$(421
)
$(101,417
)
17,264
$1,913,887
$5,431
State Street Institutional U.S. Government Money Market Fund,
Class G Shares
407
407
33,995
28,346
—
—
6,056
6,056
51
Total
$1,527,471
$539,981
$45,671
$(421
)
$(101,417
)
$1,919,943
$5,482
See accompanying notes to Schedule of Investments.
1
STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
99.7% 
State Street Consumer Discretionary
Select Sector SPDR ETF (a) (b)
(Cost $1,374,636)
12,349
$1,345,794
SHORT-TERM INVESTMENT — 0.7%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c) (d)
(Cost $9,907)
9,907
9,907
TOTAL INVESTMENTS — 100.4%
(Cost $1,384,543)
1,355,701
LIABILITIES IN EXCESS OF OTHER ASSETS —
(0.4)%
(6,068)
NET ASSETS — 100.0%
$1,349,633
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Consumer Discretionary
Select Sector SPDR ETF
N/A
USD 116
04/17/2026
(80)
USD (928,000)
$(2,280
)
$(7,925
)
$5,645
State Street Consumer Discretionary
Select Sector SPDR ETF
N/A
USD 110
04/17/2026
(42)
USD (462,000)
(9,492
)
(5,964
)
(3,528
)
 
 
 
 
 
 
$(11,772
)
$(13,889
)
$2,117
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$1,345,794
$—
$—
$1,345,794
Short-Term Investment
9,907
—
—
9,907
TOTAL INVESTMENTS
$1,355,701
$—
$—
$1,355,701
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(11,772
)
$—
$—
$(11,772
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(11,772
)
$—
$—
$(11,772
)
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 Consumer Discretionary Select Sector SPDR ETF
10,272
$1,226,579
$698,540
$471,142
$(9,574
)
$(98,609
)
12,349
$1,345,794
$2,677
State Street Institutional U.S. Government Money Market Fund,
Class G Shares
1,989
1,989
35,424
27,506
—
—
9,907
9,907
42
Total
$1,228,568
$733,964
$498,648
$(9,574
)
$(98,609
)
$1,355,701
$2,719
See accompanying notes to Schedule of Investments.
2
STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
99.1% 
State Street Consumer Staples Select
Sector SPDR ETF (a) (b)
(Cost $2,610,376)
31,291
$2,565,236
SHORT-TERM INVESTMENT — 0.7%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c) (d)
(Cost $19,514)
19,514
19,514
TOTAL INVESTMENTS — 99.8%
(Cost $2,629,890)
2,584,750
OTHER ASSETS IN EXCESS OF LIABILITIES —
0.2%
4,631
NET ASSETS — 100.0%
$2,589,381
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Consumer
Select Sector SPDR ETF
N/A
USD 85
04/17/2026
(281)
USD (2,388,500)
$(10,397
)
$(18,546
)
$8,149
State Street Consumer
Select Sector SPDR ETF
N/A
USD 84
04/17/2026
(28)
USD (235,200)
(1,750
)
(1,540
)
(210
)
 
 
 
 
 
 
$(12,147
)
$(20,086
)
$7,939
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$2,565,236
$—
$—
$2,565,236
Short-Term Investment
19,514
—
—
19,514
TOTAL INVESTMENTS
$2,584,750
$—
$—
$2,584,750
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(12,147
)
$—
$—
$(12,147
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(12,147
)
$—
$—
$(12,147
)
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 Consumer Staples Select Sector SPDR ETF
18,209
$1,414,475
$1,727,094
$655,972
$64,176
$15,463
31,291
$2,565,236
$12,995
State Street Institutional U.S. Government Money Market Fund,
Class G Shares
475
475
66,008
46,969
—
—
19,514
19,514
54
Total
$1,414,950
$1,793,102
$702,941
$64,176
$15,463
$2,584,750
$13,049
See accompanying notes to Schedule of Investments.
3
STATE STREET ENERGY SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
100.8% 
State Street Energy Select Sector
SPDR ETF (a) (b)
(Cost $23,186,572)
438,022
$26,833,228
SHORT-TERM INVESTMENT — 0.6%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.64% (c) (d)
(Cost $177,924)
177,924
177,924
TOTAL INVESTMENTS — 101.4%
(Cost $23,364,496)
27,011,152
LIABILITIES IN EXCESS OF OTHER ASSETS
— (1.4)%
(382,927)
NET ASSETS — 100.0%
$26,628,225
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Energy
Select Sector SPDR ETF
N/A
USD 60
04/17/2026
(445)
USD (2,670,000)
$(106,355
)
$(40,940
)
$(65,415
)
State Street Energy
Select Sector SPDR ETF
N/A
USD 61
04/17/2026
(3,016)
USD (18,397,600)
(541,372
)
(238,126
)
(303,246
)
State Street Energy
Select Sector SPDR ETF
N/A
USD 63
04/17/2026
(270)
USD (1,687,500)
(29,970
)
(19,980
)
(9,990
)
State Street Energy
Select Sector SPDR ETF
N/A
USD 64
04/17/2026
(234)
USD (1,497,600)
(15,210
)
(18,624
)
3,414
State Street Energy
Select Sector SPDR ETF
N/A
USD 63
04/17/2026
(91)
USD (573,300)
(8,463
)
(6,643
)
(1,820
)
State Street Energy
Select Sector SPDR ETF
N/A
USD 65
04/17/2026
(312)
USD (2,028,000)
(14,196
)
(27,037
)
12,841
 
 
 
 
 
 
$(715,566
)
$(351,350
)
$(364,216
)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$26,833,228
$—
$—
$26,833,228
Short-Term Investment
177,924
—
—
177,924
TOTAL INVESTMENTS
$27,011,152
$—
$—
$27,011,152
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(715,566
)
$—
$—
$(715,566
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(715,566
)
$—
$—
$(715,566
)
See accompanying notes to Schedule of Investments.
4
STATE STREET ENERGY SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS (continued)
March 31, 2026 (Unaudited)
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 Energy Select Sector SPDR ETF
103,095
$4,609,377
$19,973,642
$1,500,399
$79,257
$3,671,351
438,022
$26,833,228
$138,512
State Street Institutional U.S. Government Money Market Fund,
Class G Shares
1,956
1,956
595,704
419,736
—
—
177,924
177,924
363
Total
$4,611,333
$20,569,346
$1,920,135
$79,257
$3,671,351
$27,011,152
$138,875
See accompanying notes to Schedule of Investments.
5
STATE STREET FINANCIAL SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
99.5% 
State Street Financial Select Sector
SPDR ETF (a) (b)
(Cost $3,800,752)
72,483
$3,578,485
SHORT-TERM INVESTMENT — 1.2%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c) (d)
(Cost $41,380)
41,380
41,380
TOTAL INVESTMENTS — 100.7%
(Cost $3,842,132)
3,619,865
LIABILITIES IN EXCESS OF OTHER ASSETS —
(0.7)%
(24,098)
NET ASSETS — 100.0%
$3,595,767
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Financial
Select Sector SPDR ETF
N/A
USD 51
04/17/2026
(629)
USD (3,207,900)
$(26,104
)
$(25,516
)
$(588
)
State Street Financial
Select Sector SPDR ETF
N/A
USD 50
04/17/2026
(89)
USD (445,000)
(7,164
)
(6,319
)
(845
)
 
 
 
 
 
 
$(33,268
)
$(31,835
)
$(1,433
)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$3,578,485
$—
$—
$3,578,485
Short-Term Investment
41,380
—
—
41,380
TOTAL INVESTMENTS
$3,619,865
$—
$—
$3,619,865
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(33,268
)
$—
$—
$(33,268
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(33,268
)
$—
$—
$(33,268
)
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 Financial Select Sector SPDR ETF
36,317
$1,989,082
$2,831,864
$955,825
$9,870
$(296,506
)
72,483
$3,578,485
$17,101
State Street Institutional U.S. Government Money Market Fund,
Class G Shares
495
495
105,628
64,743
—
—
41,380
41,380
129
Total
$1,989,577
$2,937,492
$1,020,568
$9,870
$(296,506
)
$3,619,865
$17,230
See accompanying notes to Schedule of Investments.
6
STATE STREET HEALTH CARE SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
99.2% 
State Street Health Care Select Sector
SPDR ETF (a) (b)
(Cost $13,495,220)
88,360
$12,954,460
SHORT-TERM INVESTMENT — 0.6%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c) (d)
(Cost $85,327)
85,327
85,327
TOTAL INVESTMENTS — 99.8%
(Cost $13,580,547)
13,039,787
OTHER ASSETS IN EXCESS OF LIABILITIES
— 0.2%
24,766
NET ASSETS — 100.0%
$13,064,553
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Health Care
Select Sector SPDR ETF
N/A
USD 152
04/17/2026
(831)
USD (12,631,200)
$(56,508
)
$(109,692
)
$53,184
State Street Health Care
Select Sector SPDR ETF
N/A
USD 150
04/17/2026
(33)
USD (495,000)
(3,943
)
(4,719
)
776
State Street Health Care
Select Sector SPDR ETF
N/A
USD 150
04/17/2026
(13)
USD (194,350)
(1,820
)
(1,820
)
—
 
 
 
 
 
 
$(62,271
)
$(116,231
)
$53,960
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$12,954,460
$—
$—
$12,954,460
Short-Term Investment
85,327
—
—
85,327
TOTAL INVESTMENTS
$13,039,787
$—
$—
$13,039,787
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(62,271
)
$—
$—
$(62,271
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(62,271
)
$—
$—
$(62,271
)
See accompanying notes to Schedule of Investments.
7
STATE STREET HEALTH CARE SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS (continued)
March 31, 2026 (Unaudited)
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 Health Care Select Sector SPDR ETF
75,486
$11,685,233
$3,010,098
$1,016,499
$72,348
$(796,720
)
88,360
$12,954,460
$51,789
State Street Institutional U.S. Government Money Market Fund,
Class G Shares
585
585
358,857
274,115
—
—
85,327
85,327
279
Total
$11,685,818
$3,368,955
$1,290,614
$72,348
$(796,720
)
$13,039,787
$52,068
See accompanying notes to Schedule of Investments.
8
STATE STREET INDUSTRIAL SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
99.1% 
State Street Industrial Select Sector
SPDR ETF (a) (b)
(Cost $5,314,787)
32,564
$5,266,576
SHORT-TERM INVESTMENT — 1.0%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c) (d)
(Cost $50,218)
50,218
50,218
TOTAL INVESTMENTS — 100.1%
(Cost $5,365,005)
5,316,794
LIABILITIES IN EXCESS OF OTHER ASSETS —
(0.1)%
(2,776)
NET ASSETS — 100.0%
$5,314,018
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Industrial
Select Sector SPDR ETF
N/A
USD 172
04/17/2026
(192)
USD (3,302,400)
$(9,696
)
$(29,621
)
$19,925
State Street Industrial
Select Sector SPDR ETF
N/A
USD 167
04/17/2026
(133)
USD (2,221,100)
(22,610
)
(27,930
)
5,320
 
 
 
 
 
 
$(32,306
)
$(57,551
)
$25,245
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$5,266,576
$—
$—
$5,266,576
Short-Term Investment
50,218
—
—
50,218
TOTAL INVESTMENTS
$5,316,794
$—
$—
$5,316,794
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(32,306
)
$—
$—
$(32,306
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(32,306
)
$—
$—
$(32,306
)
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 Industrial Select Sector SPDR ETF
8,043
$1,247,630
$4,485,284
$443,879
$37,756
$(60,215
)
32,564
$5,266,576
$14,834
State Street Institutional U.S. Government Money Market Fund,
Class G Shares
218
218
115,495
65,495
—
—
50,218
50,218
88
Total
$1,247,848
$4,600,779
$509,374
$37,756
$(60,215
)
$5,316,794
$14,922
See accompanying notes to Schedule of Investments.
9
STATE STREET MATERIALS SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
100.0% 
State Street Materials Select Sector
SPDR ETF (a) (b)
(Cost $5,292,778)
109,021
$5,447,780
SHORT-TERM INVESTMENT — 0.4%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c)
(d)
(Cost $23,222)
23,222
23,222
TOTAL INVESTMENTS — 100.4%
(Cost $5,316,000)
5,471,002
LIABILITIES IN EXCESS OF OTHER ASSETS —
(0.4)%
(24,351)
NET ASSETS — 100.0%
$5,446,651
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Materials
Select Sector SPDR ETF
N/A
USD 52
04/17/2026
(16)
USD (83,200)
$(672
)
$(1,136
)
$464
State Street Materials
Select Sector SPDR ETF
N/A
USD 51
04/17/2026
(1,065)
USD (5,431,500)
(78,278
)
(49,576
)
(28,702
)
 
 
 
 
 
 
$(78,950
)
$(50,712
)
$(28,238
)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$5,447,780
$—
$—
$5,447,780
Short-Term Investment
23,222
—
—
23,222
TOTAL INVESTMENTS
$5,471,002
$—
$—
$5,471,002
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(78,950
)
$—
$—
$(78,950
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(78,950
)
$—
$—
$(78,950
)
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
2,976
$2,976
$128,314
$108,068
$—
$—
23,222
$23,222
$87
State Street Materials Select Sector SPDR ETF
47,197
2,140,384
3,772,580
605,600
28,193
112,223
109,021
5,447,780
22,905
Total
$2,143,360
$3,900,894
$713,668
$28,193
$112,223
$5,471,002
$22,992
See accompanying notes to Schedule of Investments.
10
STATE STREET REAL ESTATE SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
98.9% 
State Street Real Estate Select Sector
SPDR ETF (a) (b)
(Cost $2,563,789)
61,005
$2,490,835
SHORT-TERM INVESTMENT — 0.8%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c) (d)
(Cost $20,133)
20,133
20,133
TOTAL INVESTMENTS — 99.7%
(Cost $2,583,922)
2,510,968
OTHER ASSETS IN EXCESS OF LIABILITIES —
0.3%
6,507
NET ASSETS — 100.0%
$2,517,475
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Real Estate
Select Sector SPDR ETF
N/A
USD 43
04/17/2026
(447)
USD (1,922,100)
$(3,129
)
$(15,570
)
$12,441
State Street Real Estate
Select Sector SPDR ETF
N/A
USD 41
04/17/2026
(168)
USD (688,800)
(10,080
)
(7,056
)
(3,024
)
 
 
 
 
 
 
$(13,209
)
$(22,626
)
$9,417
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$2,490,835
$—
$—
$2,490,835
Short-Term Investment
20,133
—
—
20,133
TOTAL INVESTMENTS
$2,510,968
$—
$—
$2,510,968
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(13,209
)
$—
$—
$(13,209
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(13,209
)
$—
$—
$(13,209
)
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
879
$879
$90,377
$71,123
$—
$—
20,133
$20,133
$50
State Street Real Estate Select Sector SPDR ETF
35,305
1,424,557
1,672,190
603,670
(1,817
)
(425
)
61,005
2,490,835
15,083
Total
$1,425,436
$1,762,567
$674,793
$(1,817
)
$(425
)
$2,510,968
$15,133
See accompanying notes to Schedule of Investments.
11
STATE STREET TECHNOLOGY SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
98.7% 
State Street Technology Select Sector
SPDR ETF (a) (b)
(Cost $5,608,223)
39,087
$5,194,663
SHORT-TERM INVESTMENT — 0.4%
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares 3.64% (c) (d)
(Cost $19,688)
19,688
19,688
TOTAL INVESTMENTS — 99.1%
(Cost $5,627,911)
5,214,351
OTHER ASSETS IN EXCESS OF LIABILITIES —
0.9%
45,685
NET ASSETS — 100.0%
$5,260,036
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Technology
Select Sector SPDR ETF
N/A
USD 145
04/17/2026
(355)
USD (5,147,500)
$(4,438
)
$(54,315
)
$49,877
State Street Technology
Select Sector SPDR ETF
N/A
USD 142
04/17/2026
(17)
USD (241,400)
(688
)
(2,856
)
2,168
State Street Technology
Select Sector SPDR ETF
N/A
USD 137
04/17/2026
(15)
USD (205,500)
(2,445
)
(2,445
)
—
 
 
 
 
 
 
$(7,571
)
$(59,616
)
$52,045
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$5,194,663
$—
$—
$5,194,663
Short-Term Investment
19,688
—
—
19,688
TOTAL INVESTMENTS
$5,214,351
$—
$—
$5,214,351
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(7,571
)
$—
$—
$(7,571
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(7,571
)
$—
$—
$(7,571
)
See accompanying notes to Schedule of Investments.
12
STATE STREET TECHNOLOGY SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS (continued)
March 31, 2026 (Unaudited)
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
3,046
$3,046
$152,851
$136,209
$—
$—
19,688
$19,688
$129
State Street Technology Select Sector SPDR ETF
28,555
4,111,064
2,876,665
1,376,864
42,022
(458,224
)
39,087
5,194,663
6,008
Total
$4,114,110
$3,029,516
$1,513,073
$42,022
$(458,224
)
$5,214,351
$6,137
See accompanying notes to Schedule of Investments.
13
STATE STREET UTILITIES SELECT SECTOR SPDR PREMIUM INCOME ETF
SCHEDULE OF INVESTMENTS
March 31, 2026 (Unaudited)
 
Security Description
 
Shares
Value
MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —
98.8% 
State Street Utilities Select Sector
SPDR ETF (a) (b)
(Cost $9,594,929)
216,485
$9,934,496
SHORT-TERM INVESTMENT — 0.7%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.64% (c) (d)
(Cost $68,510)
68,510
68,510
TOTAL INVESTMENTS — 99.5%
(Cost $9,663,439)
10,003,006
OTHER ASSETS IN EXCESS OF LIABILITIES
— 0.5%
50,577
NET ASSETS — 100.0%
$10,053,583
 
The Fund invests in other funds and financial statements of
underlying funds can be found at www.sec.gov.
 
(a)
Affiliated fund managed by SSGA Funds Management, Inc.
Amounts related to these investments during the period
ended March 31, 2026 are shown in the Affiliate Table
below.
(b)
At March 31, 2026, all or a portion of this security was
pledged to cover collateral requirements for options
contracts.
(c)
The Fund invested in certain money market funds managed
by SSGA Funds Management, Inc. Amounts related to
these investments during the period ended March 31, 2026
are shown in the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at
March 31, 2026.
The Fund had the following written call options contracts at March 31, 2026: 
Description
Counterparty
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
Market
Value
Premiums
Received
Unrealized
Appreciation/
Depreciation
State Street Utilities
Select Sector SPDR ETF
N/A
USD 48
04/17/2026
(2,061)
USD (9,892,800)
$(48,434
)
$(91,970
)
$43,536
State Street Utilities
Select Sector SPDR ETF
N/A
USD 47
04/17/2026
(85)
USD (395,250)
(5,397
)
(4,052
)
(1,345
)
 
 
 
 
 
 
$(53,831
)
$(96,022
)
$42,191
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Mutual Funds and Exchange Traded Products
$9,934,496
$—
$—
$9,934,496
Short-Term Investment
68,510
—
—
68,510
TOTAL INVESTMENTS
$10,003,006
$—
$—
$10,003,006
OTHER FINANCIAL INSTRUMENTS:
Call Options Written
$(53,831
)
$—
$—
$(53,831
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(53,831
)
$—
$—
$(53,831
)
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
9,036
$9,036
$222,561
$163,087
$—
$—
68,510
$68,510
$251
State Street Utilities Select Sector SPDR ETF
128,548
5,487,714
4,716,204
768,477
31,272
467,783
216,485
9,934,496
65,939
Total
$5,496,750
$4,938,765
$931,564
$31,272
$467,783
$10,003,006
$66,190
See accompanying notes to Schedule of Investments.
14
SELECT SECTOR SPDR TRUST
NOTES TO SCHEDULES 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. 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 (including registered investment companies that are exchange-traded funds) 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.
• Options are priced at their readily available market quotations on the principal market on which they are traded on the valuation date. Such readily available market quotations will generally reflect the mean of the last reported bid and ask prices. If the mean of the last reported bid and ask prices are deemed to be unavailable or unreliable, the last reported sale or official closing price, or an intrinsic value may be considered to value the option in accordance with the valuation policy and procedures approved by the Board.
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.
Fair value pricing could result in a difference between the prices used to calculate a Fund's NAV and the prices used by the Funds' underlying benchmark. Various inputs are used in determining the value of the Funds' investments.
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
• Level 3 – Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments.
15
SELECT SECTOR SPDR TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued)
March 31, 2026 (Unaudited)
The value of each Fund’s investments according to the fair value hierarchy as of March 31, 2026, is disclosed in each Fund's respective Schedule of Investments.
Options Contracts
The Funds may purchase and sell put and call options. Such options may relate to particular securities and may or may not be listed on a national securities exchange and issued by the Options Clearing Corporation. Options trading is a highly specialized activity that entails greater than ordinary investment risk. Options on particular securities may be more volatile than the underlying securities, and therefore, on a percentage basis, an investment in options may be subject to greater fluctuation than an investment in the underlying securities themselves.
During the period ended March 31, 2026, all the funds entered into option contracts.
Other Transactions with Affiliates
The Funds may invest in affiliated entities, including securities issued by State Street Corporation, affiliated funds, or entities deemed to be affiliates as a result of the Funds owning more than five percent of the entity’s voting securities or outstanding shares. Amounts relating to these transactions during the period ended March 31, 2026, are disclosed in the Funds’ respective Schedules of Investments.
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