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        <fairValLevel>1</fairValLevel>
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        <name>GCI Liberty Inc</name>
        <lei>5493003JDENERRDYFN86</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Globalstar Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gogo Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Harmonic Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IDT Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Iridium Communications Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lumen Technologies Inc</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lumentum Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Motorola Solutions Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NETGEAR Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NetScout Systems Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ondas Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Shenandoah Telecommunications Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>T-Mobile US Inc</name>
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        <name>Telephone and Data Systems Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ubiquiti Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Array Digital Infrastructure Inc</name>
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        <name>Uniti Group Inc</name>
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        <name>Verizon Communications Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>State Street Global Advisors</name>
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        <title>State Street Institutional US Government Money Market Fund</title>
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        <fairValLevel>1</fairValLevel>
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        <name>State Street Global Advisors</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Viasat Inc</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>Viasat Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Viavi Solutions Inc</name>
        <lei>5493006K3E3N1QOBF092</lei>
        <title>Viavi Solutions Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Liberty Global Ltd</name>
        <lei>213800HRMKKTYH7SKA24</lei>
        <title>Liberty Global Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG611881274"/>
        </identifiers>
        <balance>483913.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5676299.49000000</valUSD>
        <pctVal>1.356958751034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Latin America Ltd</name>
        <lei>213800YWQHEAX7CAVO83</lei>
        <title>Liberty Latin America Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9001E1286"/>
        </identifiers>
        <balance>531729.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4689849.78000000</valUSD>
        <pctVal>1.121141108079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="234012.80000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>SPDR SERIES TRUST</ncom:nameOfApplicant>
      <ncom:signature>Arthur Jensen</ncom:signature>
      <ncom:signerName>Arthur Jensen</ncom:signerName>
      <ncom:title>Deputy Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
