Quarterly Report
June 30, 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 from the Distributor, ALPS Portfolio Solutions Distributor, Inc., by calling 1-866-SECTOR-ETF (1-866-732-8673) or visiting www.statestreet.com/SectorETFs. Please read the prospectus carefully before you invest.
 
TABLE OF CONTENTS (Unaudited) 
1
3
5
7
9
11
13
16
18
20
22
24
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 from the Distributor, ALPS Portfolio Solutions Distributor, Inc., by calling 1-866-SECTOR-ETF (1-866-732-8673) or visiting www.statestreet.com/SectorETFs. Please read the prospectus carefully before you invest.
STATE STREET COMMUNICATION SERVICES SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.7% 
DIVERSIFIED TELECOMMUNICATION SERVICES — 13.2%
AT&T, Inc.
47,115,353
$975,287,807
Comcast Corp. Class A
42,511,734
1,043,663,070
Verizon Communications, Inc.
23,311,610
987,013,567
 
3,005,964,444
ENTERTAINMENT — 29.2%
Electronic Arts, Inc.
5,021,228
1,029,552,589
Live Nation Entertainment, Inc.
(a)  (b)
5,609,101
1,027,082,484
Netflix, Inc. (a)
13,979,243
998,117,950
Take-Two Interactive Software, Inc.
(a)
4,176,865
1,044,132,713
TKO Group Holdings, Inc. (b)
2,643,898
532,243,106
Walt Disney Co.
10,437,076
1,004,568,565
Warner Bros Discovery, Inc. (a)
37,971,662
1,012,324,509
 
6,648,021,916
INTERACTIVE MEDIA & SERVICES — 36.9%
Alphabet, Inc. Class A
7,083,951
2,531,591,569
Alphabet, Inc. Class C
5,710,021
2,017,521,720
Meta Platforms, Inc. Class A
6,838,735
3,852,191,038
 
8,401,304,327
MEDIA — 16.0%
Charter Communications, Inc.
Class A (a)  (b)
3,511,162
499,322,348
EchoStar Corp. Class A (a)  (b)
5,721,598
580,742,197
Fox Corp. Class A
8,375,063
436,843,286
Fox Corp. Class B
5,837,736
273,439,554
News Corp. Class A
15,320,010
380,395,848
News Corp. Class B (b)
5,058,467
141,940,584
Omnicom Group, Inc. (b)
11,965,848
871,472,710
Paramount Skydance Corp. Class B
(b)
13,243,073
130,576,700
Trade Desk, Inc. Class A (a)
17,927,454
324,128,369
 
3,638,861,596
Security Description
 
Shares
Value
WIRELESS TELECOMMUNICATION SERVICES — 4.4%
T-Mobile U.S., Inc.
5,909,037
$991,122,776
TOTAL COMMON STOCKS
(Cost $21,540,805,434)
22,685,275,059
SHORT-TERM INVESTMENTS — 0.9%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (c)  (d)
18,323,895
18,323,895
State Street Navigator Securities
Lending Portfolio II (e)  (f)
184,670,280
184,670,280
TOTAL SHORT-TERM INVESTMENTS
(Cost $202,994,175)
202,994,175
TOTAL INVESTMENTS — 100.6%
(Cost $21,743,799,609)
22,888,269,234
LIABILITIES IN EXCESS OF OTHER
ASSETS — (0.6)%
(138,383,617)
NET ASSETS — 100.0%
$22,749,885,617
 
(a)
Non-income producing security.
(b)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(c)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at June 30,
2026.
(e)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(f)
Investment of cash collateral for securities loaned.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P Communication Services Select Sector Index (long)
257
09/18/2026
$37,982,236
$36,323,738
$(1,658,498
)
See accompanying notes to Schedule of Investments.
1
STATE STREET COMMUNICATION SERVICES SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$22,685,275,059
$—
$—
$22,685,275,059
Short-Term Investments
202,994,175
—
—
202,994,175
TOTAL INVESTMENTS
$22,888,269,234
$—
$—
$22,888,269,234
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Depreciation
$(1,658,498
)
$—
$—
$(1,658,498
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(1,658,498
)
$—
$—
$(1,658,498
)
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation(a)
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
EchoStar Corp.
—
$—
$1,326,289,460
$678,147,056
$(36,075,780
)
$—
*
—
$—
*
$—
News Corp.
17,366,229
533,316,893
585,315,947
647,795,559
(51,390,200
)
—
*
—
—
*
1,260,601
State Street Institutional
U.S. Government Money Market
Fund, Class G Shares
8,039,952
8,039,952
615,040,530
604,756,587
—
—
18,323,895
18,323,895
1,243,267
State Street Navigator Securities
Lending Portfolio II
421,406,591
421,406,591
6,227,899,823
6,464,636,134
—
—
184,670,280
184,670,280
971,491
TKO Group Holdings, Inc.
3,182,905
642,819,494
834,523,816
946,704,518
93,758,639
—
*
—
—
*
7,607,909
Trade Desk, Inc.
20,559,686
1,007,630,211
649,102,791
747,136,962
(547,888,143
)
—
*
—
—
*
—
Total
$2,613,213,141
$10,238,172,367
$10,089,176,816
$(541,595,484
)
$—
$202,994,175
$11,083,268
 
(a)
Does not include change in unrealized appreciation and depreciation from investments that are no longer affiliates at period ended June 30, 2026.
*
As of June 30, 2026, no longer an affiliate.
See accompanying notes to Schedule of Investments.
2
STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.9% 
AUTO COMPONENTS — 0.3%
Aptiv PLC (a)
1,192,495
$73,195,343
AUTOMOBILES — 22.7%
Ford Motor Co.
22,059,534
306,627,523
General Motors Co.
5,082,002
391,720,714
Tesla, Inc. (a)
10,577,584
4,448,931,830
 
5,147,280,067
BROADLINE RETAIL — 23.5%
Amazon.com, Inc. (a)
21,119,610
5,033,647,847
eBay, Inc.
2,502,546
279,659,516
 
5,313,307,363
DISTRIBUTORS — 0.4%
Genuine Parts Co. (b)
775,526
91,496,557
HOTELS, RESTAURANTS & LEISURE — 25.2%
Airbnb, Inc. Class A (a)
2,355,590
337,084,929
Booking Holdings, Inc.
4,367,348
778,436,108
Carnival Corp. Ltd.
7,250,910
207,158,499
Chipotle Mexican Grill, Inc. (a)
7,229,946
245,818,164
Darden Restaurants, Inc.
645,402
132,959,266
Domino's Pizza, Inc. (b)
172,451
51,052,394
DoorDash, Inc. Class A (a)
2,132,936
393,590,680
Expedia Group, Inc.
645,357
165,133,949
Hilton Worldwide Holdings, Inc.
1,283,099
424,012,896
Las Vegas Sands Corp.
1,680,237
77,610,147
Marriott International, Inc. Class A
1,233,568
457,147,965
McDonald's Corp.
3,480,977
940,942,893
MGM Resorts International (a)
1,081,293
51,696,618
Norwegian Cruise Line Holdings
Ltd. (a)
2,587,133
54,614,378
Royal Caribbean Cruises Ltd. (b)
1,405,780
446,377,323
Starbucks Corp.
6,423,567
656,424,312
Wynn Resorts Ltd. (b)
472,603
45,885,025
Yum! Brands, Inc.
1,553,513
248,344,588
 
5,714,290,134
HOUSEHOLD DURABLES — 3.6%
Dr. Horton, Inc.
1,486,458
242,114,279
Garmin Ltd.
923,937
219,471,995
Lennar Corp. Class A
1,212,900
109,755,321
NVR, Inc. (a)
15,211
103,638,627
PulteGroup, Inc.
1,073,393
147,280,254
 
822,260,476
LEISURE PRODUCTS — 0.3%
Hasbro, Inc.
757,433
62,556,391
Security Description
 
Shares
Value
SPECIALTY RETAIL — 20.9%
AutoZone, Inc. (a)
92,866
$296,794,165
Best Buy Co., Inc.
1,104,164
83,783,964
Carvana Co. (a)  (b)
4,037,226
265,730,215
Home Depot, Inc.
3,742,268
1,319,823,078
Lowe's Cos., Inc.
3,156,610
696,000,939
O'Reilly Automotive, Inc. (a)
4,670,857
430,139,221
Ross Stores, Inc.
1,815,726
386,477,279
TJX Cos., Inc.
5,865,718
888,656,277
Tractor Supply Co.
2,955,311
93,417,381
Ulta Beauty, Inc. (a)
245,478
110,705,669
Williams-Sonoma, Inc.
663,656
154,698,214
 
4,726,226,402
TEXTILES, APPAREL & LUXURY GOODS — 3.0%
Deckers Outdoor Corp. (a)
799,885
79,420,582
Lululemon Athletica, Inc. (a)  (b)
590,086
67,376,020
NIKE, Inc. Class B
6,760,747
277,528,664
Ralph Lauren Corp.
217,806
87,429,506
Tapestry, Inc.
1,138,813
166,699,447
 
678,454,219
TOTAL COMMON STOCKS
(Cost $22,641,176,914)
22,629,066,952
SHORT-TERM INVESTMENT — 0.1%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (c)  (d)
(Cost $17,504,034)
17,504,034
17,504,034
TOTAL INVESTMENTS — 100.0%
(Cost $22,658,680,948)
22,646,570,986
OTHER ASSETS IN EXCESS OF
LIABILITIES — 0.0% *
5,518,509
NET ASSETS — 100.0%
$22,652,089,495
 
(a)
Non-income producing security.
(b)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(c)
The rate shown is the annualized seven-day yield at June 30,
2026.
(d)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
 
*
Amount is less than 0.05% of net assets.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Consumer Discretionary Select Sector Index (long)
96
09/18/2026
$23,232,317
$22,968,000
$(264,317
)
See accompanying notes to Schedule of Investments.
3
STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$22,629,066,952
$—
$—
$22,629,066,952
Short-Term Investment
17,504,034
—
—
17,504,034
TOTAL INVESTMENTS
$22,646,570,986
$—
$—
$22,646,570,986
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Depreciation
$(264,317
)
$—
$—
$(264,317
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(264,317
)
$—
$—
$(264,317
)
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government Money
Market Fund, Class G Shares
17,811,377
$17,811,377
$254,543,176
$254,850,519
$—
$—
17,504,034
$17,504,034
$537,093
State Street Navigator Securities Lending
Portfolio II
525,683
525,683
772,804,783
773,330,466
—
—
—
—
152,441
Total
$18,337,060
$1,027,347,959
$1,028,180,985
$—
$—
$17,504,034
$689,534
See accompanying notes to Schedule of Investments.
4
STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.6% 
BEVERAGES — 20.5%
Brown-Forman Corp. Class B (a)
1,489,155
$39,685,981
Coca-Cola Co.
11,481,817
933,127,267
Constellation Brands, Inc. Class A
1,233,598
171,581,146
Keurig Dr. Pepper, Inc. (a)
12,034,858
393,900,902
Molson Coors Beverage Co.
Class B (a)
1,419,113
55,288,642
Monster Beverage Corp. (b)
6,315,230
607,019,908
PepsiCo, Inc.
4,351,789
589,232,231
 
2,789,836,077
CONSUMER STAPLES DISTRIBUTION & RETAIL — 33.3%
Casey's General Stores, Inc.
326,915
259,828,773
Costco Wholesale Corp.
1,315,503
1,230,613,591
Dollar General Corp.
1,948,024
224,237,043
Dollar Tree, Inc. (b)
1,601,876
193,746,902
Kroger Co.
5,017,498
278,621,664
Sysco Corp.
4,229,776
353,524,678
Target Corp.
4,017,427
524,716,141
Walgreens Boots Alliance, Inc. (b)
16,497
8,743
Walmart, Inc.
12,999,430
1,472,315,442
 
4,537,612,977
FOOD PRODUCTS — 14.8%
Archer-Daniels-Midland Co.
4,263,164
325,705,730
Bunge Global SA
1,201,332
128,218,164
General Mills, Inc.
4,720,697
164,280,256
Hershey Co.
1,311,182
230,046,882
Hormel Foods Corp.
2,579,804
64,030,735
J.M. Smucker Co.
943,363
106,128,337
Kraft Heinz Co. (a)
7,551,955
178,377,177
McCormick & Co., Inc.
2,246,660
113,276,597
Mondelez International, Inc.
Class A
9,785,771
566,008,995
Tyson Foods, Inc. Class A
2,495,504
142,867,604
 
2,018,940,477
HOUSEHOLD PRODUCTS — 16.7%
Church & Dwight Co., Inc.
2,095,888
203,049,629
Clorox Co.
1,069,609
102,083,483
Colgate-Palmolive Co.
6,982,221
640,130,021
Kimberly-Clark Corp. (a)
2,936,179
322,304,369
Security Description
 
Shares
Value
Procter & Gamble Co.
6,904,673
$1,012,501,249
 
2,280,068,751
PERSONAL CARE PRODUCTS — 3.6%
Estee Lauder Cos., Inc. Class A
2,187,402
172,695,388
Kenvue, Inc.
16,983,502
324,554,723
 
497,250,111
TOBACCO — 10.7%
Altria Group, Inc.
8,588,142
617,916,817
Philip Morris International, Inc.
4,621,385
836,054,760
 
1,453,971,577
TOTAL COMMON STOCKS
(Cost $15,849,293,378)
13,577,679,970
SHORT-TERM INVESTMENTS — 0.7%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (c)  (d)
15,897,561
15,897,561
State Street Navigator Securities
Lending Portfolio II (e)  (f)
76,539,033
76,539,033
TOTAL SHORT-TERM INVESTMENTS
(Cost $92,436,594)
92,436,594
TOTAL INVESTMENTS — 100.3%
(Cost $15,941,729,972)
13,670,116,564
LIABILITIES IN EXCESS OF OTHER
ASSETS — (0.3)%
(41,602,879)
NET ASSETS — 100.0%
$13,628,513,685
 
(a)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(b)
Non-income producing security.
(c)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at June 30,
2026.
(e)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(f)
Investment of cash collateral for securities loaned.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Consumer Staples Select Sector Index (long)
627
09/18/2026
$54,290,169
$52,968,960
$(1,321,209
)
See accompanying notes to Schedule of Investments.
5
STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$13,577,671,227
$8,743
$—
$13,577,679,970
Short-Term Investments
92,436,594
—
—
92,436,594
TOTAL INVESTMENTS
$13,670,107,821
$8,743
$—
$13,670,116,564
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Depreciation
$(1,321,209
)
$—
$—
$(1,321,209
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(1,321,209
)
$—
$—
$(1,321,209
)
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government
Money Market Fund, Class G Shares
33,628,189
$33,628,189
$702,558,980
$720,289,608
$—
$—
15,897,561
$15,897,561
$787,451
State Street Navigator Securities Lending
Portfolio II
112,045,716
112,045,716
3,255,108,645
3,290,615,328
—
—
76,539,033
76,539,033
280,247
Total
$145,673,905
$3,957,667,625
$4,010,904,936
$—
$—
$92,436,594
$1,067,698
See accompanying notes to Schedule of Investments.
6
STATE STREET ENERGY SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.8% 
ENERGY EQUIPMENT & SERVICES — 10.3%
Baker Hughes Co.
24,618,395
$1,366,320,923
Halliburton Co.
20,730,558
703,802,444
SLB Ltd.
34,834,088
1,619,436,751
 
3,689,560,118
OIL, GAS & CONSUMABLE FUELS — 89.5%
APA Corp. (a)
8,771,425
285,685,312
Chevron Corp.
31,004,908
5,139,373,550
ConocoPhillips
20,176,859
2,097,586,262
Devon Energy Corp.
28,610,696
1,182,193,959
Diamondback Energy, Inc.
4,816,822
846,700,971
EOG Resources, Inc.
12,245,705
1,588,635,310
EQT Corp.
15,521,352
825,270,286
Expand Energy Corp.
5,936,551
541,354,086
Exxon Mobil Corp.
52,965,823
7,241,487,320
Kinder Morgan, Inc.
48,584,350
1,553,241,669
Marathon Petroleum Corp.
6,232,175
1,593,380,182
Occidental Petroleum Corp.
18,017,847
875,126,829
ONEOK, Inc. (a)
15,634,435
1,359,257,779
Phillips 66 Co.
9,282,232
1,569,161,320
Targa Resources Corp.
5,326,383
1,428,216,338
Texas Pacific Land Corp. (a)
1,437,744
629,214,284
Valero Energy Corp.
6,065,810
1,579,779,556
Williams Cos., Inc.
21,600,601
1,605,788,678
 
31,941,453,691
TOTAL COMMON STOCKS
(Cost $34,598,423,933)
35,631,013,809
Security Description
 
Shares
Value
SHORT-TERM INVESTMENTS — 0.2%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (b)  (c)
48,227,166
$48,227,166
State Street Navigator Securities
Lending Portfolio II (d)  (e)
30,448,968
30,448,968
TOTAL SHORT-TERM INVESTMENTS
(Cost $78,676,134)
78,676,134
TOTAL INVESTMENTS — 100.0%
(Cost $34,677,100,067)
35,709,689,943
LIABILITIES IN EXCESS OF OTHER
ASSETS — (0.0)% *
(12,433,553)
NET ASSETS — 100.0%
$35,697,256,390
 
(a)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(b)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(c)
The rate shown is the annualized seven-day yield at June 30,
2026.
(d)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(e)
Investment of cash collateral for securities loaned.
 
*
Amount is less than 0.05% of net assets.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Energy Select Sector Index (long)
585
09/18/2026
$70,749,900
$65,683,800
$(5,066,100
)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$35,631,013,809
$—
$—
$35,631,013,809
Short-Term Investments
78,676,134
—
—
78,676,134
TOTAL INVESTMENTS
$35,709,689,943
$—
$—
$35,709,689,943
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Depreciation
$(5,066,100
)
$—
$—
$(5,066,100
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(5,066,100
)
$—
$—
$(5,066,100
)
See accompanying notes to Schedule of Investments.
7
STATE STREET ENERGY SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government
Money Market Fund, Class G Shares
35,465,791
$35,465,791
$1,097,071,253
$1,084,309,878
$—
$—
48,227,166
$48,227,166
$1,643,641
State Street Navigator Securities Lending
Portfolio II
98,112,218
98,112,218
1,953,688,137
2,021,351,387
—
—
30,448,968
30,448,968
63,463
Total
$133,578,009
$3,050,759,390
$3,105,661,265
$—
$—
$78,676,134
$1,707,104
See accompanying notes to Schedule of Investments.
8
STATE STREET FINANCIAL SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.8% 
BANKS — 28.9%
Bank of America Corp.
44,448,584
$2,532,680,316
Citigroup, Inc.
11,611,646
1,625,165,974
Citizens Financial Group, Inc.
2,879,134
201,740,919
Fifth Third Bancorp
6,170,212
347,814,850
Huntington Bancshares, Inc.
13,800,589
244,684,443
JPMorgan Chase & Co.
18,242,250
5,971,235,693
KeyCorp
6,274,230
144,621,002
M&T Bank Corp.
997,091
237,317,629
PNC Financial Services Group,
Inc.
2,733,702
673,092,107
Regions Financial Corp.
5,809,884
175,458,497
Truist Financial Corp.
8,482,192
422,582,805
U.S. Bancorp
10,568,030
638,309,012
Wells Fargo & Co.
20,833,735
1,721,699,860
 
14,936,403,107
CAPITAL MARKETS — 25.1%
Ameriprise Financial, Inc.
612,082
280,798,738
ARES Management Corp. Class A
(a)
1,436,054
159,847,171
Bank of New York Mellon Corp.
4,672,870
675,743,731
Blackrock, Inc.
982,912
945,128,863
Blackstone, Inc.
5,057,554
595,122,379
Cboe Global Markets, Inc.
712,513
172,905,530
Charles Schwab Corp.
11,129,650
1,026,932,806
CME Group, Inc.
2,466,724
544,726,661
Coinbase Global, Inc. Class A
(a)  (b)
1,514,347
221,382,388
FactSet Research Systems, Inc. (a)
248,030
57,066,742
Franklin Resources, Inc.
2,086,967
69,433,392
Goldman Sachs Group, Inc.
2,008,167
2,030,999,859
Interactive Brokers Group, Inc.
Class A
3,033,066
263,998,065
Intercontinental Exchange, Inc.
3,849,938
473,965,867
Invesco Ltd.
3,018,136
79,648,609
KKR & Co., Inc.
4,707,104
432,018,005
Moody's Corp.
1,022,910
463,296,397
Morgan Stanley
8,161,197
1,706,016,621
MSCI, Inc.
495,659
277,588,866
Nasdaq, Inc.
3,041,551
239,735,050
Northern Trust Corp.
1,259,503
218,952,002
Raymond James Financial, Inc.
1,180,580
179,483,577
Robinhood Markets, Inc. Class A
(b)
5,386,347
540,142,877
S&P Global, Inc.
2,063,971
840,572,829
State Street Corp. (c)
1,884,403
319,594,749
T. Rowe Price Group, Inc. (a)
1,458,796
165,850,517
 
12,980,952,291
CONSUMER FINANCE — 4.4%
American Express Co.
3,623,180
1,225,540,635
Capital One Financial Corp.
4,236,493
849,925,225
Synchrony Financial
2,290,194
174,169,254
 
2,249,635,114
Security Description
 
Shares
Value
FINANCIAL SERVICES — 28.0%
Apollo Global Management, Inc.
(a)
3,139,799
$371,469,620
Berkshire Hathaway, Inc. Class B
(b)
12,481,436
6,245,585,760
Block, Inc. (b)
3,643,440
276,901,440
Corpay, Inc. (b)
444,995
148,303,484
Fidelity National Information
Services, Inc.
3,519,121
136,823,424
Fiserv, Inc. (b)
3,630,593
178,080,587
Global Payments, Inc. (a)
1,582,684
114,839,551
Jack Henry & Associates, Inc.
483,771
66,634,617
Mastercard, Inc. Class A
5,493,193
2,821,303,925
PayPal Holdings, Inc.
6,005,434
259,314,640
Visa, Inc. Class A
11,299,318
3,876,683,013
 
14,495,940,061
INSURANCE — 13.4%
Aflac, Inc.
3,118,495
365,643,539
Allstate Corp.
1,752,627
417,020,068
American International Group, Inc.
3,609,933
269,048,306
Aon PLC Class A
1,454,126
482,319,053
Arch Capital Group Ltd. (b)
2,368,850
229,920,581
Arthur J Gallagher & Co.
1,749,057
401,531,016
Assurant, Inc.
337,390
90,599,337
Brown & Brown, Inc. (a)
1,984,603
127,312,282
Chubb Ltd.
2,455,870
836,813,144
Cincinnati Financial Corp.
1,053,162
194,982,413
Erie Indemnity Co. Class A (a)
172,994
41,475,312
Everest Group Ltd.
269,414
96,242,763
Globe Life, Inc.
528,233
94,384,672
Hartford Insurance Group, Inc.
1,866,439
247,340,496
Loews Corp.
1,148,760
130,051,120
Marsh & McLennan Cos., Inc.
3,279,936
546,666,933
MetLife, Inc.
3,679,477
311,320,549
Principal Financial Group, Inc.
1,338,130
144,223,651
Progressive Corp.
3,978,466
869,095,898
Prudential Financial, Inc.
2,362,547
254,989,698
Travelers Cos., Inc.
1,447,752
477,931,890
W.R. Berkley Corp.
2,002,377
141,227,650
Willis Towers Watson PLC
642,946
168,046,796
 
6,938,187,167
TOTAL COMMON STOCKS
(Cost $53,746,741,182)
51,601,117,740
SHORT-TERM INVESTMENTS — 0.3%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (d)  (e)
69,221,246
69,221,246
See accompanying notes to Schedule of Investments.
9
STATE STREET FINANCIAL SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
Security Description
 
Shares
Value
State Street Navigator Securities
Lending Portfolio II (c)  (f)
57,870,881
$57,870,881
TOTAL SHORT-TERM INVESTMENTS
(Cost $127,092,127)
127,092,127
TOTAL INVESTMENTS — 100.1%
(Cost $53,873,833,309)
51,728,209,867
LIABILITIES IN EXCESS OF OTHER
ASSETS — (0.1)%
(39,190,392)
NET ASSETS — 100.0%
$51,689,019,475
 
(a)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(b)
Non-income producing security.
(c)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(d)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(e)
The rate shown is the annualized seven-day yield at June 30,
2026.
(f)
Investment of cash collateral for securities loaned.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Financial Select Sector Index (long)
410
09/18/2026
$67,845,746
$68,304,975
$459,229
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$51,601,117,740
$—
$—
$51,601,117,740
Short-Term Investments
127,092,127
—
—
127,092,127
TOTAL INVESTMENTS
$51,728,209,867
$—
$—
$51,728,209,867
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Appreciation
$459,229
$—
$—
$459,229
TOTAL OTHER FINANCIAL INSTRUMENTS:
$459,229
$—
$—
$459,229
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Corp.
1,985,828
$230,375,906
$225,979,703
$238,763,149
$61,077,493
$40,924,796
1,884,403
$319,594,749
$4,860,043
State Street Institutional U.S. Government
Money Market Fund, Class G Shares
53,803,360
53,803,360
1,123,277,868
1,107,859,982
—
—
69,221,246
69,221,246
1,434,859
State Street Navigator Securities Lending
Portfolio II
57,778,429
57,778,429
1,450,240,069
1,450,147,617
—
—
57,870,881
57,870,881
57,440
Total
$341,957,695
$2,799,497,640
$2,796,770,748
$61,077,493
$40,924,796
$446,686,876
$6,352,342
See accompanying notes to Schedule of Investments.
10
STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.8% 
BIOTECHNOLOGY — 18.5%
AbbVie, Inc.
12,526,178
$3,152,087,432
Amgen, Inc.
3,826,389
1,385,611,985
Biogen, Inc. (a)
1,046,763
226,163,614
Gilead Sciences, Inc.
8,802,472
1,112,104,312
Incyte Corp. (a)
1,189,754
134,870,513
Moderna, Inc. (a)  (b)
2,503,646
175,330,329
Regeneron Pharmaceuticals, Inc.
708,403
441,717,607
Vertex Pharmaceuticals, Inc. (a)
1,799,427
893,829,374
 
7,521,715,166
HEALTH CARE EQUIPMENT & SUPPLIES — 15.4%
Abbott Laboratories
12,348,978
1,120,546,264
Align Technology, Inc. (a)
472,209
79,642,770
Baxter International, Inc. (b)
3,661,624
78,065,824
Becton Dickinson & Co.
1,953,475
295,619,372
Boston Scientific Corp. (a)
10,537,914
449,758,169
Cooper Cos., Inc. (a)
1,383,290
99,195,726
Dexcom, Inc. (a)
2,735,707
184,249,866
Edwards Lifesciences Corp. (a)
4,082,251
369,280,425
GE HealthCare Technologies, Inc.
3,225,097
206,438,459
Hologic, Inc. (a)
1,617,201
16,172
IDEXX Laboratories, Inc. (a)
559,257
294,415,255
Insulet Corp. (a)
491,081
74,767,082
Intuitive Surgical, Inc. (a)
2,510,946
998,553,005
Medtronic PLC
9,102,464
712,085,759
ResMed, Inc. (b)
1,028,385
200,411,669
Solventum Corp. (a)
1,043,604
80,514,048
STERIS PLC
695,359
146,421,745
Stryker Corp.
2,446,139
770,142,403
Zimmer Biomet Holdings, Inc.
1,371,629
118,083,541
 
6,278,207,554
HEALTH CARE PROVIDERS & SERVICES — 18.7%
Cardinal Health, Inc.
1,660,452
394,456,977
Cencora, Inc.
1,379,397
390,341,763
Centene Corp. (a)
3,325,888
213,488,751
Cigna Group
1,875,470
517,029,570
CVS Health Corp.
9,045,982
935,806,838
DaVita, Inc. (a)
227,580
50,631,998
Elevance Health, Inc.
1,539,617
595,416,082
HCA Healthcare, Inc.
1,100,940
429,245,497
Henry Schein, Inc. (a)  (b)
686,509
57,337,232
Humana, Inc.
851,186
338,108,103
Labcorp Holdings, Inc.
581,366
162,782,480
McKesson Corp.
852,212
643,931,387
Quest Diagnostics, Inc.
784,788
166,335,817
UnitedHealth Group, Inc.
6,438,512
2,676,038,742
Universal Health Services, Inc.
Class B
377,815
56,177,312
 
7,627,128,549
HEALTH CARE TECHNOLOGY — 0.5%
Veeva Systems, Inc. Class A (a)
1,064,522
188,920,720
LIFE SCIENCES TOOLS & SERVICES — 8.7%
Agilent Technologies, Inc.
2,003,593
266,137,258
Security Description
 
Shares
Value
Bio-Techne Corp. (b)
1,110,060
$78,425,739
Charles River Laboratories
International, Inc. (a)
341,481
77,444,476
Danaher Corp.
4,465,957
850,675,489
IQVIA Holdings, Inc. (a)
1,183,268
228,631,043
Mettler-Toledo International, Inc.
(a)
143,270
183,028,858
Revvity, Inc. (b)
790,963
88,002,543
Thermo Fisher Scientific, Inc.
2,634,693
1,320,929,683
Waters Corp. (a)
696,100
261,065,344
West Pharmaceutical Services, Inc.
500,837
179,800,483
 
3,534,140,916
PHARMACEUTICALS — 38.0%
Bristol-Myers Squibb Co.
14,477,766
834,208,877
Eli Lilly & Co.
5,608,441
6,726,932,389
Johnson & Johnson
17,066,625
4,334,410,751
Merck & Co., Inc.
17,510,463
2,250,094,495
Pfizer, Inc.
40,407,651
973,016,236
Viatris, Inc.
8,256,417
131,111,902
Zoetis, Inc.
2,972,182
213,580,999
 
15,463,355,649
TOTAL COMMON STOCKS
(Cost $44,126,315,302)
40,613,468,554
SHORT-TERM INVESTMENTS — 0.2%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (c)  (d)
101,803,911
101,803,911
State Street Navigator Securities
Lending Portfolio II (e)  (f)
5,091,344
5,091,344
TOTAL SHORT-TERM INVESTMENTS
(Cost $106,895,255)
106,895,255
TOTAL INVESTMENTS — 100.0%
(Cost $44,233,210,557)
40,720,363,809
LIABILITIES IN EXCESS OF OTHER
ASSETS — (0.0)% *
(18,695,113)
NET ASSETS — 100.0%
$40,701,668,696
 
(a)
Non-income producing security.
(b)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(c)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at June 30,
2026.
(e)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(f)
Investment of cash collateral for securities loaned.
 
*
Amount is less than 0.05% of net assets.
See accompanying notes to Schedule of Investments.
11
STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Health Care Select Sector Index (long)
575
09/18/2026
$89,540,898
$92,902,750
$3,361,852
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$40,613,452,382
$16,172
$—
$40,613,468,554
Short-Term Investments
106,895,255
—
—
106,895,255
TOTAL INVESTMENTS
$40,720,347,637
$16,172
$—
$40,720,363,809
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Appreciation
$3,361,852
$—
$—
$3,361,852
TOTAL OTHER FINANCIAL INSTRUMENTS:
$3,361,852
$—
$—
$3,361,852
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government
Money Market Fund, Class G Shares
25,290,125
$25,290,125
$956,126,374
$879,612,588
$—
$—
101,803,911
$101,803,911
$1,573,977
State Street Navigator Securities Lending
Portfolio II
33,104,718
33,104,718
1,579,981,741
1,607,995,115
—
—
5,091,344
5,091,344
140,116
Total
$58,394,843
$2,536,108,115
$2,487,607,703
$—
$—
$106,895,255
$1,714,093
See accompanying notes to Schedule of Investments.
12
STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.9% 
AEROSPACE & DEFENSE — 25.3%
Axon Enterprise, Inc. (a)  (b)
473,266
$265,317,652
Boeing Co. (a)
4,628,378
1,001,904,986
General Dynamics Corp.
1,490,286
527,918,913
General Electric Co.
6,125,838
2,289,409,436
Honeywell Aerospace, Inc. (a)
1,859,559
411,111,304
Howmet Aerospace, Inc.
2,349,398
631,659,146
Huntington Ingalls Industries, Inc.
231,324
64,745,274
L3Harris Technologies, Inc.
1,093,722
317,824,676
Lockheed Martin Corp.
1,191,292
606,915,622
Northrop Grumman Corp.
783,909
399,252,693
RTX Corp.
7,906,857
1,500,167,979
Textron, Inc.
1,021,695
93,720,082
TransDigm Group, Inc.
328,421
437,469,909
 
8,547,417,672
AIR FREIGHT & LOGISTICS — 3.3%
CH Robinson Worldwide, Inc.
692,096
130,349,361
Expeditors International of
Washington, Inc.
767,872
125,147,778
FedEx Corp.
1,288,905
403,594,823
United Parcel Service, Inc. Class B
4,383,565
471,233,237
 
1,130,325,199
AIRLINES — 2.3%
Delta Air Lines, Inc.
3,836,624
359,338,204
Southwest Airlines Co.
2,869,752
147,562,648
United Airlines Holdings, Inc. (a)
1,905,684
259,153,967
 
766,054,819
BUILDING PRODUCTS — 5.5%
A.O. Smith Corp. (b)
657,487
41,237,584
Allegion PLC
503,073
70,676,726
Builders FirstSource, Inc. (a)
631,531
56,509,394
Carrier Global Corp.
4,584,054
336,240,361
Johnson Controls International
PLC
3,582,186
523,393,196
Lennox International, Inc.
185,943
106,536,042
Masco Corp.
1,190,532
96,873,589
Trane Technologies PLC
1,297,836
637,445,130
 
1,868,912,022
COMMERCIAL SERVICES & SUPPLIES — 4.2%
Cintas Corp.
1,996,740
339,605,539
Copart, Inc. (a)
5,215,371
147,021,309
Republic Services, Inc.
1,174,230
250,204,928
Rollins, Inc.
1,716,068
71,628,678
Veralto Corp.
1,442,026
127,878,866
Waste Management, Inc.
2,169,117
483,452,797
 
1,419,792,117
CONSTRUCTION & ENGINEERING — 3.7%
Comfort Systems USA, Inc.
206,357
408,989,256
EMCOR Group, Inc.
260,885
216,503,244
Quanta Services, Inc.
881,074
634,408,523
 
1,259,901,023
Security Description
 
Shares
Value
ELECTRICAL EQUIPMENT — 14.7%
AMETEK, Inc.
1,345,700
$325,578,658
Eaton Corp. PLC
2,279,836
971,483,716
Emerson Electric Co. (b)
3,288,563
470,757,794
GE Vernova, Inc.
1,577,783
1,853,674,135
Generac Holdings, Inc. (a)
345,636
101,205,677
Hubbell, Inc.
310,265
162,330,648
Rockwell Automation, Inc.
653,330
323,450,616
Vertiv Holdings Co. Class A
2,255,268
755,108,832
 
4,963,590,076
GROUND TRANSPORTATION — 9.4%
CSX Corp.
10,909,677
518,536,948
Fedex Freight Holding Co., Inc. (a)
638,293
96,382,243
JB Hunt Transport Services, Inc.
438,407
126,888,138
Norfolk Southern Corp.
1,318,672
414,841,025
Old Dominion Freight Line, Inc.
1,074,524
232,741,898
Uber Technologies, Inc. (a)
11,951,724
862,436,404
Union Pacific Corp.
3,485,896
948,163,712
 
3,199,990,368
INDUSTRIAL CONGLOMERATES — 2.7%
3M Co.
3,062,373
495,828,812
Honeywell International, Inc.
1,859,559
416,355,260
 
912,184,072
MACHINERY — 22.0%
Caterpillar, Inc.
2,704,353
2,879,865,510
Cummins, Inc.
810,138
577,798,523
Deere & Co.
1,474,910
935,579,660
Dover Corp.
789,912
177,161,463
Fortive Corp.
1,789,962
109,348,779
IDEX Corp.
434,598
98,632,016
Illinois Tool Works, Inc. (b)
1,535,831
415,396,211
Ingersoll Rand, Inc. (b)
2,090,846
171,428,463
Nordson Corp.
311,157
93,872,955
Otis Worldwide Corp.
2,252,983
161,313,583
PACCAR, Inc.
3,090,033
371,174,764
Parker-Hannifin Corp.
740,330
724,131,580
Pentair PLC
948,849
72,738,764
Snap-on, Inc.
304,399
122,490,158
Stanley Black & Decker, Inc. (b)
912,709
85,904,171
Westinghouse Air Brake
Technologies Corp.
996,236
268,585,226
Xylem, Inc. (b)
1,395,554
164,968,438
 
7,430,390,264
PROFESSIONAL SERVICES — 3.6%
Automatic Data Processing, Inc.
2,346,981
525,606,395
Broadridge Financial Solutions,
Inc.
679,021
92,991,926
Equifax, Inc.
699,052
110,953,534
Jacobs Solutions, Inc.
693,320
87,358,320
Leidos Holdings, Inc.
738,527
76,046,125
Paychex, Inc.
1,891,992
186,039,573
Verisk Analytics, Inc.
769,281
138,109,018
 
1,217,104,891
See accompanying notes to Schedule of Investments.
13
STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
Security Description
 
Shares
Value
TRADING COMPANIES & DISTRIBUTORS — 3.2%
Fastenal Co.
6,740,561
$323,749,145
United Rentals, Inc.
367,819
416,698,467
WW Grainger, Inc.
255,034
346,948,253
 
1,087,395,865
TOTAL COMMON STOCKS
(Cost $30,166,466,636)
33,803,058,388
SHORT-TERM INVESTMENTS — 0.1%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (c)  (d)
18,850,829
18,850,829
State Street Navigator Securities
Lending Portfolio II (e)  (f)
4,248,136
4,248,136
TOTAL SHORT-TERM INVESTMENTS
(Cost $23,098,965)
23,098,965
TOTAL INVESTMENTS — 100.0%
(Cost $30,189,565,601)
33,826,157,353
OTHER ASSETS IN EXCESS OF
LIABILITIES — 0.0% *
8,013,704
NET ASSETS — 100.0%
$33,834,171,057
 
(a)
Non-income producing security.
(b)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(c)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at June 30,
2026.
(e)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(f)
Investment of cash collateral for securities loaned.
 
*
Amount is less than 0.05% of net assets.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Industrial Select Sector Index (long)
125
09/18/2026
$22,360,000
$23,523,750
$1,163,750
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$33,803,058,388
$—
$—
$33,803,058,388
Short-Term Investments
23,098,965
—
—
23,098,965
TOTAL INVESTMENTS
$33,826,157,353
$—
$—
$33,826,157,353
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Appreciation
$1,163,750
$—
$—
$1,163,750
TOTAL OTHER FINANCIAL INSTRUMENTS:
$1,163,750
$—
$—
$1,163,750
See accompanying notes to Schedule of Investments.
14
STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government Money
Market Fund, Class G Shares
16,080,176
$16,080,176
$463,268,700
$460,498,047
$—
$—
18,850,829
$18,850,829
$481,082
State Street Navigator Securities Lending
Portfolio II
31,150,393
31,150,393
2,823,475,504
2,850,377,761
—
—
4,248,136
4,248,136
129,277
Total
$47,230,569
$3,286,744,204
$3,310,875,808
$—
$—
$23,098,965
$610,359
See accompanying notes to Schedule of Investments.
15
STATE STREET MATERIALS SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.8% 
CHEMICALS — 51.8%
Air Products & Chemicals, Inc.
1,288,774
$377,842,761
Albemarle Corp.
1,290,208
174,216,786
CF Industries Holdings, Inc.
1,680,678
181,950,200
Corteva, Inc.
4,785,821
405,311,181
Dow, Inc.
7,884,694
215,725,228
DuPont de Nemours, Inc.
1,494,841
202,760,233
Ecolab, Inc.
1,386,655
386,335,950
International Flavors & Fragrances,
Inc. (a)
2,792,996
221,261,143
Linde PLC
2,214,760
1,149,327,554
LyondellBasell Industries NV
Class A (a)
2,824,905
148,731,248
Mosaic Co.
3,477,189
73,681,635
PPG Industries, Inc.
2,438,420
295,755,962
Sherwin-Williams Co.
1,172,574
403,740,680
 
4,236,640,561
CONSTRUCTION MATERIALS — 13.9%
CRH PLC
3,564,216
381,371,112
Martin Marietta Materials, Inc.
644,541
371,706,795
Vulcan Materials Co.
1,306,929
385,557,124
 
1,138,635,031
CONTAINERS & PACKAGING — 15.3%
Amcor PLC (a)
5,057,902
219,260,052
Avery Dennison Corp.
836,785
135,852,045
Ball Corp.
2,912,690
181,751,856
International Paper Co.
5,792,765
220,704,346
Packaging Corp. of America
968,615
230,801,582
Smurfit Westrock PLC (a)
5,737,528
265,418,045
 
1,253,787,926
METALS & MINING — 18.8%
Freeport-McMoRan, Inc.
6,886,278
433,078,024
Security Description
 
Shares
Value
Newmont Corp.
5,113,837
$477,632,376
Nucor Corp.
1,422,651
316,895,510
Steel Dynamics, Inc.
1,327,996
304,721,962
 
1,532,327,872
TOTAL COMMON STOCKS
(Cost $8,590,994,021)
8,161,391,390
SHORT-TERM INVESTMENTS — 0.3%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (b)  (c)
8,064,210
8,064,210
State Street Navigator Securities
Lending Portfolio II (d)  (e)
15,323,547
15,323,547
TOTAL SHORT-TERM INVESTMENTS
(Cost $23,387,757)
23,387,757
TOTAL INVESTMENTS — 100.1%
(Cost $8,614,381,778)
8,184,779,147
LIABILITIES IN EXCESS OF OTHER
ASSETS — (0.1)%
(11,140,647)
NET ASSETS — 100.0%
$8,173,638,500
 
(a)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(b)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(c)
The rate shown is the annualized seven-day yield at June 30,
2026.
(d)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(e)
Investment of cash collateral for securities loaned.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Material Select Sector Index (long)
116
09/18/2026
$13,050,383
$12,610,360
$(440,023
)
See accompanying notes to Schedule of Investments.
16
STATE STREET MATERIALS SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$8,161,391,390
$—
$—
$8,161,391,390
Short-Term Investments
23,387,757
—
—
23,387,757
TOTAL INVESTMENTS
$8,184,779,147
$—
$—
$8,184,779,147
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Depreciation
$(440,023
)
$—
$—
$(440,023
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(440,023
)
$—
$—
$(440,023
)
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government Money
Market Fund, Class G Shares
5,981,756
$5,981,756
$161,498,859
$159,416,405
$—
$—
8,064,210
$8,064,210
$223,057
State Street Navigator Securities Lending
Portfolio II
4,064,245
4,064,245
1,099,695,408
1,088,436,106
—
—
15,323,547
15,323,547
57,908
Total
$10,046,001
$1,261,194,267
$1,247,852,511
$—
$—
$23,387,757
$280,965
See accompanying notes to Schedule of Investments.
17
STATE STREET REAL ESTATE SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.6% 
HEALTH CARE REITs — 17.9%
Alexandria Real Estate Equities,
Inc. REIT
1,328,120
$70,191,141
Healthpeak Properties, Inc. REIT
5,838,705
124,948,287
Ventas, Inc. REIT
4,117,397
365,624,854
Welltower, Inc. REIT
3,965,199
899,981,217
 
1,460,745,499
HOTEL & RESORT REITs — 1.5%
Host Hotels & Resorts, Inc. REIT
5,387,246
127,731,603
INDUSTRIAL REITs — 8.7%
Prologis, Inc. REIT
5,237,712
709,552,845
OFFICE REITs — 1.0%
BXP, Inc. REIT
1,252,629
83,061,829
REAL ESTATE MANAGEMENT & DEVELOPMENT — 5.3%
CBRE Group, Inc. Class A (a)
2,479,863
334,012,747
CoStar Group, Inc. (a)
3,456,425
97,885,956
 
431,898,703
RESIDENTIAL REITs — 12.9%
AvalonBay Communities, Inc.
REIT
1,176,718
222,034,919
Camden Property Trust REIT
851,209
97,454,918
Equity Residential REIT
2,888,092
196,188,090
Essex Property Trust, Inc. REIT
544,237
158,694,067
Invitation Homes, Inc. REIT
4,622,483
139,645,211
Mid-America Apartment
Communities, Inc. REIT
984,362
136,767,256
UDR, Inc. REIT
2,504,493
99,979,361
 
1,050,763,822
RETAIL REITs — 13.7%
Federal Realty Investment Trust
REIT
665,715
82,175,860
Kimco Realty Corp. REIT
5,711,496
144,786,423
Realty Income Corp. REIT
6,003,621
371,984,357
Regency Centers Corp. REIT
1,393,731
111,136,110
Simon Property Group, Inc. REIT
1,821,515
407,381,830
 
1,117,464,580
Security Description
 
Shares
Value
SPECIALIZED REITs — 38.6%
American Tower Corp. REIT
2,617,430
$428,133,025
Crown Castle, Inc. REIT
3,696,353
279,924,813
Digital Realty Trust, Inc. REIT
2,081,443
373,785,534
Equinix, Inc. REIT
553,287
576,740,836
Extra Space Storage, Inc. REIT
1,789,089
259,954,632
Iron Mountain, Inc. REIT
2,519,789
318,274,549
Public Storage REIT
1,151,371
366,492,903
SBA Communications Corp. REIT
897,050
158,293,443
VICI Properties, Inc. REIT
9,254,570
245,708,833
Weyerhaeuser Co. REIT
6,098,611
146,000,747
 
3,153,309,315
TOTAL COMMON STOCKS
(Cost $8,652,356,657)
8,134,528,196
SHORT-TERM INVESTMENT — 0.2%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (b)  (c)
(Cost $13,566,266)
13,566,266
13,566,266
TOTAL INVESTMENTS — 99.8%
(Cost $8,665,922,923)
8,148,094,462
OTHER ASSETS IN EXCESS OF
LIABILITIES — 0.2%
17,955,782
NET ASSETS — 100.0%
$8,166,050,244
 
(a)
Non-income producing security.
(b)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(c)
The rate shown is the annualized seven-day yield at June 30,
2026.
 
Abbreviations:
 
REIT
Real Estate Investment Trust
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Real Estate Select Sector Index (long)
600
09/18/2026
$33,070,900
$32,580,000
$(490,900
)
See accompanying notes to Schedule of Investments.
18
STATE STREET REAL ESTATE SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$8,134,528,196
$—
$—
$8,134,528,196
Short-Term Investment
13,566,266
—
—
13,566,266
TOTAL INVESTMENTS
$8,148,094,462
$—
$—
$8,148,094,462
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Depreciation
$(490,900
)
$—
$—
$(490,900
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(490,900
)
$—
$—
$(490,900
)
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government Money
Market Fund, Class G Shares
17,493,518
$17,493,518
$322,966,212
$326,893,464
$—
$—
13,566,266
$13,566,266
$287,313
State Street Navigator Securities Lending Portfolio II
40,613,881
40,613,881
49,604,038
90,217,919
—
—
—
—
5,078
Total
$58,107,399
$372,570,250
$417,111,383
$—
$—
$13,566,266
$292,391
See accompanying notes to Schedule of Investments.
19
STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.9% 
COMMUNICATIONS EQUIPMENT — 5.5%
Arista Networks, Inc. (a)
8,147,709
$1,384,132,805
Ciena Corp. (a)
1,115,756
547,345,263
Cisco Systems, Inc.
31,168,052
3,660,999,388
F5, Inc. (a)
445,195
185,183,312
Lumentum Holdings, Inc. (a)
613,908
526,769,899
Motorola Solutions, Inc.
1,309,853
543,968,852
 
6,848,399,519
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS
— 4.9%
Amphenol Corp. Class A
9,707,579
1,711,640,329
CDW Corp.
1,008,069
141,774,824
Coherent Corp. (a)
1,543,742
608,959,907
Corning, Inc.
6,179,975
1,578,551,014
Flex Ltd. (a)
2,901,260
470,207,208
Jabil, Inc.
832,517
320,918,653
Keysight Technologies, Inc. (a)
1,353,282
473,743,430
TE Connectivity PLC
2,303,284
464,365,087
Teledyne Technologies, Inc. (a)
365,564
243,794,632
Zebra Technologies Corp. Class A
(a)
375,912
98,962,593
 
6,112,917,677
IT SERVICES — 2.7%
Accenture PLC Class A
4,844,485
602,847,713
Akamai Technologies, Inc. (a)
1,147,252
135,616,659
Cognizant Technology Solutions
Corp. Class A
3,739,230
144,820,378
Gartner, Inc. (a)
528,251
68,471,895
GoDaddy, Inc. Class A (a)
1,044,833
88,685,425
International Business Machines
Corp.
7,416,461
2,085,582,998
VeriSign, Inc.
646,267
162,574,926
 
3,288,599,994
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT —
48.8%
Advanced Micro Devices, Inc. (a)
10,036,791
5,830,472,260
Analog Devices, Inc.
3,852,372
1,530,046,587
Applied Materials, Inc.
6,262,264
4,527,616,872
Broadcom, Inc.
15,294,416
5,777,465,644
First Solar, Inc. (a)
847,943
200,080,630
Intel Corp. (a)
37,279,821
5,205,381,406
KLA Corp.
10,307,656
3,109,922,892
Lam Research Corp.
9,868,085
4,276,137,273
Marvell Technology, Inc.
6,908,820
2,058,068,390
Microchip Technology, Inc.
4,270,020
389,425,824
Micron Technology, Inc.
5,016,452
5,790,440,379
Monolithic Power Systems, Inc.
387,677
535,909,178
NVIDIA Corp.
78,239,499
15,654,941,355
NXP Semiconductors NV
1,992,197
559,867,123
ON Semiconductor Corp. (a)
3,092,409
292,356,347
Qnity Electronics, Inc.
1,651,843
269,762,480
QUALCOMM, Inc.
8,316,978
1,536,894,365
Skyworks Solutions, Inc.
1,186,863
80,469,311
Security Description
 
Shares
Value
Teradyne, Inc.
1,235,251
$597,663,844
Texas Instruments, Inc.
7,181,454
2,140,575,994
 
60,363,498,154
SOFTWARE — 20.4%
Adobe, Inc. (a)
3,189,489
653,909,035
AppLovin Corp. Class A (a)
2,122,973
1,093,819,379
Autodesk, Inc. (a)
1,666,120
323,927,050
Cadence Design Systems, Inc. (a)
2,176,449
816,864,839
Crowdstrike Holdings, Inc. Class A
(a)
2,008,500
1,532,766,690
Datadog, Inc. Class A (a)
2,610,517
679,674,206
Fair Isaac Corp. (a)  (b)
183,004
218,649,519
Fortinet, Inc. (a)
4,914,052
754,896,668
Gen Digital, Inc.
4,349,066
108,248,253
Intuit, Inc.
2,182,213
569,557,593
Microsoft Corp.
23,996,062
8,951,011,047
Oracle Corp.
13,389,765
1,962,270,061
Palantir Technologies, Inc. Class A
(a)
18,117,954
2,113,821,693
Palo Alto Networks, Inc. (a)
6,399,499
2,182,357,149
PTC, Inc. (a)
911,409
103,545,177
Roper Technologies, Inc.
796,311
269,463,679
Salesforce, Inc.
6,455,184
1,011,269,125
ServiceNow, Inc. (a)
8,137,881
807,928,826
Synopsys, Inc. (a)
1,511,567
674,264,692
Trimble, Inc. (a)
1,839,399
94,140,441
Tyler Technologies, Inc. (a)
332,737
97,312,263
Workday, Inc. Class A (a)
1,607,493
196,789,293
 
25,216,486,678
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS —
17.6%
Apple, Inc.
47,444,510
13,728,543,414
Dell Technologies, Inc. Class C
2,282,665
984,878,641
Hewlett Packard Enterprise Co.
10,470,037
472,303,369
HP, Inc. (b)
7,216,581
158,331,787
NetApp, Inc.
1,557,056
240,969,986
Sandisk Corp. (a)
1,168,549
2,656,964,918
Seagate Technology Holdings PLC
(b)
1,769,346
1,707,418,890
Super Micro Computer, Inc. (a)  (b)
4,440,768
130,247,725
Western Digital Corp. (b)
2,719,855
1,737,225,786
 
21,816,884,516
TOTAL COMMON STOCKS
(Cost $82,745,076,309)
123,646,786,538
SHORT-TERM INVESTMENTS — 0.2%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (c)  (d)
63,063,933
63,063,933
See accompanying notes to Schedule of Investments.
20
STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
Security Description
 
Shares
Value
State Street Navigator Securities
Lending Portfolio II (e)  (f)
175,176,690
$175,176,690
TOTAL SHORT-TERM INVESTMENTS
(Cost $238,240,623)
238,240,623
TOTAL INVESTMENTS — 100.1%
(Cost $82,983,316,932)
123,885,027,161
LIABILITIES IN EXCESS OF OTHER
ASSETS — (0.1)%
(172,842,754)
NET ASSETS — 100.0%
$123,712,184,407
 
(a)
Non-income producing security.
(b)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(c)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(d)
The rate shown is the annualized seven-day yield at June 30,
2026.
(e)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(f)
Investment of cash collateral for securities loaned.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Technology Select Sector Index (long)
285
09/18/2026
$111,164,250
$110,411,850
$(752,400
)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$123,646,786,538
$—
$—
$123,646,786,538
Short-Term Investments
238,240,623
—
—
238,240,623
TOTAL INVESTMENTS
$123,885,027,161
$—
$—
$123,885,027,161
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Depreciation
$(752,400
)
$—
$—
$(752,400
)
TOTAL OTHER FINANCIAL INSTRUMENTS:
$(752,400
)
$—
$—
$(752,400
)
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government
Money Market Fund, Class G Shares
76,163,808
$76,163,808
$1,099,422,625
$1,112,522,500
$—
$—
63,063,933
$63,063,933
$1,778,084
State Street Navigator Securities Lending
Portfolio II
169,137,084
169,137,084
6,529,158,492
6,523,118,886
—
—
175,176,690
175,176,690
250,110
Total
$245,300,892
$7,628,581,117
$7,635,641,386
$—
$—
$238,240,623
$2,028,194
See accompanying notes to Schedule of Investments.
21
STATE STREET UTILITIES SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Security Description
 
Shares
Value
COMMON STOCKS — 99.6% 
ELECTRIC UTILITIES — 64.9%
Alliant Energy Corp. (a)
4,219,648
$321,916,946
American Electric Power Co., Inc.
(a)
8,889,413
1,216,160,593
Constellation Energy Corp. (a)
5,222,837
1,297,196,026
Duke Energy Corp.
12,736,797
1,612,223,764
Edison International
6,286,706
468,045,262
Entergy Corp. (a)
7,480,833
859,248,478
Evergy, Inc. (a)
3,766,055
325,500,134
Eversource Energy
6,144,327
444,050,512
Exelon Corp. (a)
16,716,883
779,341,085
FirstEnergy Corp. (a)
8,505,210
404,337,683
NextEra Energy, Inc. (a)
34,069,753
2,990,302,221
NRG Energy, Inc.
3,447,059
503,477,438
PG&E Corp.
35,979,284
605,171,557
Pinnacle West Capital Corp.
1,979,879
211,847,053
PPL Corp.
12,291,738
446,804,676
Southern Co. (a)
18,417,534
1,762,742,179
Xcel Energy, Inc. (a)
10,199,095
818,987,328
 
15,067,352,935
GAS UTILITIES — 2.0%
Atmos Energy Corp.
2,727,055
469,789,765
INDEPENDENT POWER AND RENEWABLE ELECTRICITY
PRODUCERS — 4.3%
AES Corp.
11,651,466
170,810,492
Vistra Corp.
5,178,246
821,425,163
 
992,235,655
MULTI-UTILITIES — 26.6%
Ameren Corp. (a)
4,521,541
511,114,995
CenterPoint Energy, Inc. (a)
10,687,594
470,681,640
CMS Energy Corp. (a)
5,047,076
386,101,314
Consolidated Edison, Inc. (a)
6,020,917
666,094,048
Dominion Energy, Inc.
14,368,362
981,215,441
DTE Energy Co.
3,398,661
517,853,976
NiSource, Inc.
7,832,972
372,457,819
Security Description
 
Shares
Value
Public Service Enterprise Group,
Inc. (a)
8,141,502
$660,764,302
Sempra (a)
10,679,771
990,121,569
WEC Energy Group, Inc. (a)
5,321,521
621,394,007
 
6,177,799,111
WATER UTILITIES — 1.8%
American Water Works Co., Inc. (a)
3,190,522
419,808,885
TOTAL COMMON STOCKS
(Cost $22,416,294,541)
23,126,986,351
SHORT-TERM INVESTMENTS — 0.5%
State Street Institutional
U.S. Government Money
Market Fund, Class G Shares
3.62% (b)  (c)
53,959,204
53,959,204
State Street Navigator Securities
Lending Portfolio II (d)  (e)
56,168,990
56,168,990
TOTAL SHORT-TERM INVESTMENTS
(Cost $110,128,194)
110,128,194
TOTAL INVESTMENTS — 100.1%
(Cost $22,526,422,735)
23,237,114,545
LIABILITIES IN EXCESS OF OTHER
ASSETS — (0.1)%
(32,740,396)
NET ASSETS — 100.0%
$23,204,374,149
 
(a)
All or a portion of the shares of the security are on loan at
June 30, 2026.
(b)
The Fund invested in certain money market funds managed by
SSGA Funds Management, Inc. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(c)
The rate shown is the annualized seven-day yield at June 30,
2026.
(d)
The Fund invested in an affiliated entity. Amounts related to these
investments during the period ended June 30, 2026 are shown in
the Affiliate Table below.
(e)
Investment of cash collateral for securities loaned.
At June 30, 2026, open futures contracts were as follows: 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
E-mini S&P 500 Utilities Select Sector Index (long)
692
09/18/2026
$62,891,244
$63,788,560
$897,316
See accompanying notes to Schedule of Investments.
22
STATE STREET UTILITIES SELECT SECTOR SPDR ETF
SCHEDULE OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of June 30, 2026.  
Description
Level 1 –
Quoted Prices
Level 2 –
Other Significant
Observable Inputs
Level 3 –
Significant
Unobservable Inputs
Total
ASSETS: 
INVESTMENTS:
Common Stocks
$23,126,986,351
$—
$—
$23,126,986,351
Short-Term Investments
110,128,194
—
—
110,128,194
TOTAL INVESTMENTS
$23,237,114,545
$—
$—
$23,237,114,545
OTHER FINANCIAL INSTRUMENTS:
Futures Contracts - Unrealized Appreciation
$897,316
$—
$—
$897,316
TOTAL OTHER FINANCIAL INSTRUMENTS:
$897,316
$—
$—
$897,316
Affiliate Table 
 
Number of
Shares Held
at
9/30/25
Value at
9/30/25
Cost of
Purchases
Proceeds
from
Shares Sold
Realized
Gain (Loss)
Change in
Unrealized
Appreciation/
Depreciation
Number of
Shares Held
at
6/30/26
Value at
6/30/26
Dividend
Income
State Street Institutional U.S. Government
Money Market Fund, Class G Shares
24,116,046
$24,116,046
$759,386,122
$729,542,964
$—
$—
53,959,204
$53,959,204
$1,058,803
State Street Navigator Securities Lending
Portfolio II
191,357,269
191,357,269
2,877,006,548
3,012,194,827
—
—
56,168,990
56,168,990
187,273
Total
$215,473,315
$3,636,392,670
$3,741,737,791
$—
$—
$110,128,194
$1,246,076
See accompanying notes to Schedule of Investments.
23
THE SELECT SECTOR SPDR TRUST
NOTES TO SCHEDULES OF INVESTMENTS
June 30, 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.
• 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.
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 the Fund’s NAV and the prices used by the Fund’s respective Select Sector Index, which in turn could result in a difference between the Fund’s performance and the performance of the Fund’s respective Select Sector Index. Various inputs are used in overseeing the determination of 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.
The value of each Fund’s investments according to the fair value hierarchy as of June 30, 2026, is disclosed in each Fund’s respective Schedule of Investments.   
24
THE SELECT SECTOR SPDR TRUST
NOTES TO SCHEDULES OF INVESTMENTS (continued) 
June 30, 2026 (Unaudited)
Futures Contracts
The Funds may enter into futures contracts to meet Funds’ 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, the 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 Schedules of Investments and cash deposited, if any, is included in Net cash at broker on the Statements of Assets and Liabilities. Subsequent payments are made or received by the 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. The Funds 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.
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 June 30, 2026 are disclosed in the Funds' respective Schedules of Investments.
Other information regarding the Funds is available in the Funds' most recent Report to Shareholders. This information is also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov.
25