# EDGAR Filing Document

**Accession Number:** 0001064641
**File Stem:** 0001752724-23-046851
**Filing Date:** 2023-2
**Character Count:** 165630
**Document Hash:** e8e4c4413b34f4d24f52328b2193b70a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046851.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046851

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SELECT SECTOR SPDR TRUST
- **CENTRAL INDEX KEY:** 0001064641
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08837
- **FILM NUMBER:** 23683412

**BUSINESS ADDRESS:**
- **STREET 1:** ONE LINCOLN STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 866-732-8673

**MAIL ADDRESS:**
- **STREET 1:** ONE LINCOLN STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECTOR SPDR TRUST
- **DATE OF NAME CHANGE:** 19980622

## Series and Classes Contracts Data

### The Industrial Select Sector SPDR Fund (Series ID: S000006413)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000017599 | The Industrial Select Sector SPDR Fund | XLI             |

## Nport-Ex

## Quarterly Report
December 31, 2022

## The Select Sector SPDR<sup>®</sup> 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). Please read the prospectus carefully before you invest.**<br> ![](imgdd686c931.jpg)

------

**TABLE OF CONTENTS** (Unaudited)

---

| | |
|:---|:---|
| **[Schedules of Investments (Unaudited)](#xx_d8b5b015-169a-405c-8b16-aa3edce51f3e_1)** |  |
| &nbsp;&nbsp;&nbsp;[The Communication Services Select Sector SPDR Fund (XLC)](#xx_d8b5b015-169a-405c-8b16-aa3edce51f3e_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;[The Consumer Discretionary Select Sector SPDR Fund (XLY)](#xx_1800a4f0-04ff-4dac-a2a8-0e3d2850c444_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;[The Consumer Staples Select Sector SPDR Fund (XLP)](#xx_5230043a-7433-4613-a7d1-54201db0d75b_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;[The Energy Select Sector SPDR Fund (XLE)](#xx_13fcca64-d8b9-4f6f-8c61-9979622d554e_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| &nbsp;&nbsp;&nbsp;[The Financial Select Sector SPDR Fund (XLF)](#xx_4b57694d-8254-495e-992c-b8e74ee0315a_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| &nbsp;&nbsp;&nbsp;[The Health Care Select Sector SPDR Fund (XLV)](#xx_596c51c2-e6a8-4158-903e-fd81a09e11c6_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;11 |
| &nbsp;&nbsp;&nbsp;[The Industrial Select Sector SPDR Fund (XLI)](#xx_165c2930-83e0-47cf-8983-1af95de5d829_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;13 |
| &nbsp;&nbsp;&nbsp;[The Materials Select Sector SPDR Fund (XLB)](#xx_77f1b285-2d78-416c-88fe-367fd8a4569c_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;15 |
| &nbsp;&nbsp;&nbsp;[The Real Estate Select Sector SPDR Fund (XLRE)](#xx_d777411b-c5cb-4dff-95f5-4abe998f11e0_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;17 |
| &nbsp;&nbsp;&nbsp;[The Technology Select Sector SPDR Fund (XLK)](#xx_17789aac-1e4b-4ba5-bdf9-514d421317dd_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;19 |
| &nbsp;&nbsp;&nbsp;[The Utilities Select Sector SPDR Fund (XLU)](#xx_48236b1f-96e1-4e68-a0af-83e2e8d6ddbb_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;21 |
| **[Notes to Schedules of Investments (Unaudited)](#xx_5246dada-8f3b-4781-9abc-033bfb46b417_1)<br>**  | &nbsp;&nbsp;&nbsp;&nbsp;23 |

---

**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). Please read the prospectus carefully before you invest.**

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
| **DIVERSIFIED TELECOMMUNICATION SERVICES — 14.6%** | **DIVERSIFIED TELECOMMUNICATION SERVICES — 14.6%** | **DIVERSIFIED TELECOMMUNICATION SERVICES — 14.6%** |
| AT&T, Inc. | 19249975 | &nbsp;&nbsp;&nbsp;&nbsp;$354392040 |
| Lumen Technologies, Inc. (a) | &nbsp;&nbsp;9519821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49693465 |
| Verizon Communications, Inc. | 19020608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749411955 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1153497460 |
| **ENTERTAINMENT — 23.6%** | **ENTERTAINMENT — 23.6%** | **ENTERTAINMENT — 23.6%** |
| Activision Blizzard, Inc. | &nbsp;&nbsp;4627547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354238723 |
| Electronic Arts, Inc. | &nbsp;&nbsp;2623241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320507585 |
| Live Nation Entertainment, Inc. (b) | &nbsp;&nbsp;1428642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99633493 |
| Netflix, Inc. (b) | &nbsp;&nbsp;1219806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359696393 |
| Take-Two Interactive Software, Inc. (b) | &nbsp;&nbsp;1577792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164295481 |
| Walt Disney Co. (b) | &nbsp;&nbsp;4084396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354852325 |
| Warner Bros Discovery, Inc. (b) | 22102185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209528714 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1862752714 |
| **INTERACTIVE MEDIA & SERVICES — 39.9%** | **INTERACTIVE MEDIA & SERVICES — 39.9%** | **INTERACTIVE MEDIA & SERVICES — 39.9%** |
| Alphabet, Inc. Class A (b) | 10850055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957300353 |
| Alphabet, Inc. Class C (b) | &nbsp;&nbsp;9618089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853413037 |
| Match Group, Inc. (b) | &nbsp;&nbsp;2793511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115902771 |
| Meta Platforms, Inc. Class A (b) | 10196428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1227038145 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3153654306 |
| **MEDIA — 17.0%** | **MEDIA — 17.0%** | **MEDIA — 17.0%** |
| Charter Communications, Inc. Class A (b) | &nbsp;&nbsp;1047617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355246925 |
| Comcast Corp. Class A | 10133696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354375349 |
| DISH Network Corp. Class A (b) | &nbsp;&nbsp;2513962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35296027 |
| Fox Corp. Class A | &nbsp;&nbsp;3025282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91877814 |
| Fox Corp. Class B | &nbsp;&nbsp;1393542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39646270 |
| Interpublic Group of Cos., Inc. | &nbsp;&nbsp;3885921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129440029 |
| News Corp. Class A | &nbsp;&nbsp;3824127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69599111 |
| News Corp. Class B | &nbsp;&nbsp;1179159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21743692 |
| Omnicom Group, Inc. | &nbsp;&nbsp;2039492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166361362 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| Paramount Global Class B (a) | &nbsp;&nbsp;5051135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$85263159 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1348849738 |
| **WIRELESS TELECOMMUNICATION SERVICES — 4.8%** | **WIRELESS TELECOMMUNICATION SERVICES — 4.8%** | **WIRELESS TELECOMMUNICATION SERVICES — 4.8%** |
| T-Mobile US, Inc. (b) | &nbsp;&nbsp;2707940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379111600 |
| **TOTAL COMMON STOCKS<br>(Cost $11,557,556,652)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7897865818 |
| **SHORT-TERM INVESTMENTS — 0.3%** | **SHORT-TERM INVESTMENTS — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | &nbsp;&nbsp;7174017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7175452 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (e) (f) | 14421275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14421275 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $21,596,486)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $21,596,486)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21596727 |
| **TOTAL INVESTMENTS — 100.2%<br>(Cost $11,579,153,138)<br>** | **TOTAL INVESTMENTS — 100.2%<br>(Cost $11,579,153,138)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;7919462545 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15914461) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | &nbsp;&nbsp;&nbsp;$7903548084 |

---

(a) All or a portion of the shares of the security are on loan at December 31, 2022.

(b) Non-income producing security.

(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(d) The rate shown is the annualized seven-day yield at December 31, 2022.

(e) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below.

(f) Investment of cash collateral for securities loaned.

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $7897865818 | $— | $— | $7897865818 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21596727 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21596727 |
| **TOTAL INVESTMENTS<br>**  | $7919462545 | $— | $— | $7919462545 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE COMMUNICATION SERVICES SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| &nbsp;&nbsp;5928151 | $5929337 | $52548313 | $51301198 | $(266) | $(734) | &nbsp;&nbsp;7174017 | $7175452 | $62556 |
| State Street Navigator Securities Lending Portfolio II<br>| 51992399 | &nbsp;&nbsp;51992399 | &nbsp;&nbsp;&nbsp;&nbsp;51102951 | &nbsp;&nbsp;&nbsp;&nbsp;88674075 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | 14421275 | &nbsp;&nbsp;14421275 | &nbsp;&nbsp;27110 |
| Total<br>|  | $57921736 | $103651264 | $139975273 | $(266) | $(734) |  | $21596727 | $89666 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
| **AUTO COMPONENTS — 1.1%** | **AUTO COMPONENTS — 1.1%** | **AUTO COMPONENTS — 1.1%** |
| Aptiv PLC (a) | &nbsp;&nbsp;1120280 | &nbsp;&nbsp;&nbsp;&nbsp;$104331677 |
| BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;968181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38969285 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143300962 |
| **AUTOMOBILES — 13.6%** | **AUTOMOBILES — 13.6%** | **AUTOMOBILES — 13.6%** |
| Ford Motor Co. | 16330335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189921796 |
| General Motors Co. | &nbsp;&nbsp;5874110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197605060 |
| Tesla, Inc. (a) | 10768849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1326506820 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1714033676 |
| **DISTRIBUTORS — 1.6%** | **DISTRIBUTORS — 1.6%** | **DISTRIBUTORS — 1.6%** |
| Genuine Parts Co. | &nbsp;&nbsp;&nbsp;&nbsp;582841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101128742 |
| LKQ Corp. | &nbsp;&nbsp;1049484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56052941 |
| Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;161474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48818434 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206000117 |
| **HOTELS, RESTAURANTS & LEISURE — 19.5%** | **HOTELS, RESTAURANTS & LEISURE — 19.5%** | **HOTELS, RESTAURANTS & LEISURE — 19.5%** |
| Booking Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;160248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322944589 |
| Caesars Entertainment, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;887132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36904691 |
| Carnival Corp. (a) (b) | &nbsp;&nbsp;4140561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33372922 |
| Chipotle Mexican Grill, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;114631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159049366 |
| Darden Restaurants, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;506011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69996502 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;146390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50709496 |
| Expedia Group, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;622583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54538271 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;1118247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141301691 |
| Las Vegas Sands Corp. (a) (b) | &nbsp;&nbsp;1358602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65307998 |
| Marriott International, Inc. Class A | &nbsp;&nbsp;1112424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165628809 |
| McDonald's Corp. | &nbsp;&nbsp;2231921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588178141 |
| MGM Resorts International | &nbsp;&nbsp;1317832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44186907 |
| Norwegian Cruise Line Holdings, Ltd. (a) | &nbsp;&nbsp;1742316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21325948 |
| Royal Caribbean Cruises, Ltd. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;907369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44851250 |
| Starbucks Corp. | &nbsp;&nbsp;4746179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470820957 |
| Wynn Resorts, Ltd. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;426344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35160590 |
| Yum! Brands, Inc. | &nbsp;&nbsp;1164665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149170293 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2453448421 |
| **HOUSEHOLD DURABLES — 3.5%** | **HOUSEHOLD DURABLES — 3.5%** | **HOUSEHOLD DURABLES — 3.5%** |
| D.R. Horton, Inc. (b) | &nbsp;&nbsp;1294114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115357322 |
| Garmin, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;633989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58510845 |
| Lennar Corp. Class A | &nbsp;&nbsp;1053366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95329623 |
| Mohawk Industries, Inc. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;218075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22291626 |
| Newell Brands, Inc. | &nbsp;&nbsp;1556129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20354167 |
| NVR, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57329757 |
| PulteGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;941909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42885117 |
| Whirlpool Corp. (b) | &nbsp;&nbsp;&nbsp;&nbsp;225193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31855802 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443914259 |
| **INTERNET & DIRECT MARKETING RETAIL — 24.5%** | **INTERNET & DIRECT MARKETING RETAIL — 24.5%** | **INTERNET & DIRECT MARKETING RETAIL — 24.5%** |
| Amazon.com, Inc. (a) | 34842480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2926768320 |
| eBay, Inc. | &nbsp;&nbsp;2243730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93047483 |
| Etsy, Inc. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;519646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62243198 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3082059001 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **LEISURE EQUIPMENT & PRODUCTS — 0.3%** | **LEISURE EQUIPMENT & PRODUCTS — 0.3%** | **LEISURE EQUIPMENT & PRODUCTS — 0.3%** |
| Hasbro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$32752120 |
| **MULTILINE RETAIL — 5.1%** | **MULTILINE RETAIL — 5.1%** | **MULTILINE RETAIL — 5.1%** |
| Dollar General Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;932669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229669741 |
| Dollar Tree, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123107962 |
| Target Corp. | &nbsp;&nbsp;&nbsp;1902990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283621629 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636399332 |
| **SPECIALTY RETAIL — 25.1%** | **SPECIALTY RETAIL — 25.1%** | **SPECIALTY RETAIL — 25.1%** |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36538131 |
| AutoZone, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193555671 |
| Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;944244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39790442 |
| Best Buy Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66447969 |
| CarMax, Inc. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;653311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39780107 |
| Home Depot, Inc. | &nbsp;&nbsp;&nbsp;4107202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1297300824 |
| Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;2566401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511329735 |
| O'Reilly Automotive, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218407955 |
| Ross Stores, Inc. | &nbsp;&nbsp;&nbsp;1434967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166556620 |
| TJX Cos., Inc. | &nbsp;&nbsp;&nbsp;4800600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382127760 |
| Tractor Supply Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102733675 |
| Ulta Beauty, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99320413 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3153889302 |
| **TEXTILES, APPAREL & LUXURY GOODS — 5.6%** | **TEXTILES, APPAREL & LUXURY GOODS — 5.6%** | **TEXTILES, APPAREL & LUXURY GOODS — 5.6%** |
| NIKE, Inc. Class B | &nbsp;&nbsp;&nbsp;5208349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609428917 |
| Ralph Lauren Corp. (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17957031 |
| Tapestry, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;996264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37937733 |
| VF Corp. | &nbsp;&nbsp;&nbsp;1365536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37702449 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703026130 |
| **TOTAL COMMON STOCKS<br>(Cost $17,301,406,110)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;12568823320 |
| **SHORT-TERM INVESTMENTS — 0.9%** | **SHORT-TERM INVESTMENTS — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | &nbsp;&nbsp;&nbsp;5392764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5393843 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (e) (f) | 102490587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102490587 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $107,884,361)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $107,884,361)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107884430 |
| **TOTAL INVESTMENTS — 100.8%<br>(Cost $17,409,290,471)<br>** | **TOTAL INVESTMENTS — 100.8%<br>(Cost $17,409,290,471)<br>** | &nbsp;&nbsp;&nbsp;12676707750 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.8)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.8)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(101554863) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | $12575152887 |

---

(a) Non-income producing security.

(b) All or a portion of the shares of the security are on loan at December 31, 2022.

(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(d) The rate shown is the annualized seven-day yield at December 31, 2022.

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

(e) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the
Affiliate Table below.

(f) Investment of cash collateral for securities loaned.

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $12568823320 | $— | $— | $12568823320 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107884430 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107884430 |
| **TOTAL INVESTMENTS<br>**  | $12676707750 | $— | $— | $12676707750 |

---

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| &nbsp;&nbsp;17296217 | $17299677 | $36993618 | $48903243 | $6093 | $(2303) | &nbsp;&nbsp;&nbsp;&nbsp;5392764 | &nbsp;&nbsp;&nbsp;$5393843 | $220467 |
| State Street Navigator Securities Lending Portfolio II<br>| 115679767 | &nbsp;&nbsp;115679767 | &nbsp;&nbsp;454095044 | &nbsp;&nbsp;467284224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 102490587 | &nbsp;&nbsp;102490587 | &nbsp;&nbsp;&nbsp;&nbsp;87921 |
| Total<br>|  | $132979444 | $491088662 | $516187467 | $6093 | $(2303) |  | $107884430 | $308388 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE CONSUMER STAPLES SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** |
| **BEVERAGES — 27.8%** | **BEVERAGES — 27.8%** | **BEVERAGES — 27.8%** |
| Brown-Forman Corp. Class B | &nbsp;&nbsp;1592483 | &nbsp;&nbsp;&nbsp;&nbsp;$104594283 |
| Coca-Cola Co. | 29037165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1847054066 |
| Constellation Brands, Inc. Class A | &nbsp;&nbsp;1413799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327647918 |
| Keurig Dr. Pepper, Inc. | &nbsp;&nbsp;7400742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263910460 |
| Molson Coors Beverage Co. Class B (a) | &nbsp;&nbsp;1637429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84360342 |
| Monster Beverage Corp. (b) | &nbsp;&nbsp;3317170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336792270 |
| PepsiCo, Inc. | 10278630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1856937296 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4821296635 |
| **FOOD & STAPLES RETAILING — 17.9%** | **FOOD & STAPLES RETAILING — 17.9%** | **FOOD & STAPLES RETAILING — 17.9%** |
| Costco Wholesale Corp. | &nbsp;&nbsp;3302055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1507388108 |
| Kroger Co. | &nbsp;&nbsp;5673117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252907556 |
| Sysco Corp. | &nbsp;&nbsp;4413571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337417503 |
| Walgreens Boots Alliance, Inc. | &nbsp;&nbsp;6251579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233558991 |
| Walmart, Inc. | &nbsp;&nbsp;5414513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767723798 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3098995956 |
| **FOOD PRODUCTS — 19.5%** | **FOOD PRODUCTS — 19.5%** | **FOOD PRODUCTS — 19.5%** |
| Archer-Daniels-Midland Co. | &nbsp;&nbsp;4784322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444224298 |
| Campbell Soup Co. (a) | &nbsp;&nbsp;1749105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99261709 |
| Conagra Brands, Inc. | &nbsp;&nbsp;4173997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161533684 |
| General Mills, Inc. | &nbsp;&nbsp;5169273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433443541 |
| Hershey Co. | &nbsp;&nbsp;1280003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296410295 |
| Hormel Foods Corp. | &nbsp;&nbsp;2521211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114841161 |
| JM Smucker Co. | &nbsp;&nbsp;&nbsp;&nbsp;928112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147068628 |
| Kellogg Co. | &nbsp;&nbsp;2229297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158815118 |
| Kraft Heinz Co. | &nbsp;&nbsp;6934526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282304553 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;1252638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111935732 |
| McCormick & Co., Inc. (a) | &nbsp;&nbsp;2182478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180905601 |
| Mondelez International, Inc. Class A | 11893693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792714638 |
| Tyson Foods, Inc. Class A | &nbsp;&nbsp;2522416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157020396 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3380479354 |
| **HOUSEHOLD PRODUCTS — 23.0%** | **HOUSEHOLD PRODUCTS — 23.0%** | **HOUSEHOLD PRODUCTS — 23.0%** |
| Church & Dwight Co., Inc. | &nbsp;&nbsp;2124002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171215801 |
| Clorox Co. (a) | &nbsp;&nbsp;1074671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150808581 |
| Colgate-Palmolive Co. | &nbsp;&nbsp;7274228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573136424 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| Kimberly-Clark Corp. | &nbsp;&nbsp;2939409 | &nbsp;&nbsp;&nbsp;&nbsp;$399024772 |
| Procter & Gamble Co. | 17679508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2679506233 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3973691811 |
| **PERSONAL PRODUCTS — 2.9%** | **PERSONAL PRODUCTS — 2.9%** | **PERSONAL PRODUCTS — 2.9%** |
| Estee Lauder Cos., Inc. Class A | &nbsp;&nbsp;2014239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499752838 |
| **TOBACCO — 8.6%** | **TOBACCO — 8.6%** | **TOBACCO — 8.6%** |
| Altria Group, Inc. | 15608615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713469792 |
| Philip Morris International, Inc. | &nbsp;&nbsp;7706711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;779996220 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1493466012 |
| **TOTAL COMMON STOCKS<br>(Cost $18,248,524,929)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;17267682606 |
| **SHORT-TERM INVESTMENTS — 0.4%** | **SHORT-TERM INVESTMENTS — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | &nbsp;&nbsp;5525363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5526468 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (e) (f) | 64472754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64472754 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $69,998,285)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $69,998,285)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69999222 |
| **TOTAL INVESTMENTS — 100.1%<br>(Cost $18,318,523,214)<br>** | **TOTAL INVESTMENTS — 100.1%<br>(Cost $18,318,523,214)<br>** | &nbsp;&nbsp;&nbsp;17337681828 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.1)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.1)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14087985) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | $17323593843 |

---

(a) All or a portion of the shares of the security are on loan at December 31, 2022.

(b) Non-income producing security.

(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(d) The rate shown is the annualized seven-day yield at December 31, 2022.

(e) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below.

(f) Investment of cash collateral for securities loaned.

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $17267682606 | $— | $— | $17267682606 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69999222 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69999222 |
| **TOTAL INVESTMENTS<br>**  | $17337681828 | $— | $— | $17337681828 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE CONSUMER STAPLES SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| 16130664 | $16133890 | $155639236 | $166248135 | $1046 | $431 | &nbsp;&nbsp;5525363 | $5526468 | $286338 |
| State Street Navigator Securities Lending Portfolio II<br>| 24693312 | &nbsp;&nbsp;24693312 | &nbsp;&nbsp;261001769 | &nbsp;&nbsp;221222327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | 64472754 | &nbsp;&nbsp;64472754 | &nbsp;&nbsp;&nbsp;&nbsp;5213 |
| Total<br>|  | $40827202 | $416641005 | $387470462 | $1046 | $431 |  | $69999222 | $291551 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE ENERGY SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.6%** | **COMMON STOCKS — 99.6%** | **COMMON STOCKS — 99.6%** |
| **ENERGY EQUIPMENT & SERVICES — 9.4%** | **ENERGY EQUIPMENT & SERVICES — 9.4%** | **ENERGY EQUIPMENT & SERVICES — 9.4%** |
| Baker Hughes Co. (a) | 28973066 | &nbsp;&nbsp;&nbsp;&nbsp;$855574639 |
| Halliburton Co. | 26270353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1033738390 |
| Schlumberger, Ltd. (a) | 36531617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1952980245 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3842293274 |
| **OIL, GAS & CONSUMABLE FUELS — 90.2%** | **OIL, GAS & CONSUMABLE FUELS — 90.2%** | **OIL, GAS & CONSUMABLE FUELS — 90.2%** |
| APA Corp. | &nbsp;&nbsp;9301522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434195047 |
| Chevron Corp. (a) | 45561590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8177849789 |
| ConocoPhillips (a) | 15596174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1840348532 |
| Coterra Energy, Inc. (a) | 22810822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560461897 |
| Devon Energy Corp. (a) | 18911930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1163272814 |
| Diamondback Energy, Inc. (a) | &nbsp;&nbsp;5091754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696450112 |
| EOG Resources, Inc. (a) | 14102812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1826596210 |
| EQT Corp. (a) | 10618862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359236101 |
| Exxon Mobil Corp. | 84702587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9342695346 |
| Hess Corp. (a) | &nbsp;&nbsp;8027593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1138473239 |
| Kinder Morgan, Inc. (a) | 57225107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1034629935 |
| Marathon Oil Corp. (a) | 18372893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497354213 |
| Marathon Petroleum Corp. (a) | 13558648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1578091041 |
| Occidental Petroleum Corp. | 21036332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1325078553 |
| ONEOK, Inc. (a) | 12930636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849542785 |
| Phillips 66 (a) | 13673520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1423139962 |
| Pioneer Natural Resources Co. (a) | &nbsp;&nbsp;6873892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1569928194 |
| Targa Resources Corp. | &nbsp;&nbsp;6549172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481364142 |
| Valero Energy Corp. (a) | 11153399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1414920197 |
| Williams Cos., Inc. | 35237464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1159312566 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;36872940675 |
| **TOTAL COMMON STOCKS<br>(Cost $35,533,201,951)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;40715233949 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS — 1.1%** | **SHORT-TERM INVESTMENTS — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (b) (c) | 126872558 | &nbsp;&nbsp;&nbsp;&nbsp;$126897933 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (d) (e) | 318708975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318708975 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $445,602,527)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $445,602,527)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445606908 |
| **TOTAL INVESTMENTS — 100.7%<br>(Cost $35,978,804,478)<br>** | **TOTAL INVESTMENTS — 100.7%<br>(Cost $35,978,804,478)<br>** | &nbsp;&nbsp;&nbsp;41160840857 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.7)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.7)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(272044402) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | $40888796455 |

---

(a) All or a portion of the shares of the security are on loan at December 31, 2022.

(b) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(c) The rate shown is the annualized seven-day yield at December 31, 2022.

(d) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below.

(e) Investment of cash collateral for securities loaned.

At December 31, 2022, open futures contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br> Contracts** | **Expiration<br> Date** | **Notional<br> Amount** | **Value** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| E-mini S&P 500 Energy Select Sector (long) | 1910 | 03/17/2023 | $165119500 | $175796400 | $10676900 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE ENERGY SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $40715233949 | $— | $— | $40715233949 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445606908 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445606908 |
| **TOTAL INVESTMENTS<br>**  | $41160840857 | $— | $— | $41160840857 |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Futures Contracts<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10676900 | $— | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10676900 |
| **TOTAL OTHER FINANCIAL INSTRUMENTS:<br>**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10676900 | $— | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10676900 |
| **TOTAL INVESTMENTS AND OTHER FINANCIAL INSTRUMENTS<br>**  | $41171517757 | $— | $— | $41171517757 |

---

(a) Futures Contracts are valued at unrealized appreciation (depreciation).

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| 97350272 | $97369742 | &nbsp;&nbsp;$588262550 | &nbsp;&nbsp;$558749416 | $13631 | $1426 | 126872558 | $126897933 | $1014270 |
| State Street Navigator Securities Lending Portfolio II<br>| 32065518 | &nbsp;&nbsp;&nbsp;&nbsp;32065518 | &nbsp;&nbsp;1301368493 | &nbsp;&nbsp;1014725036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 318708975 | &nbsp;&nbsp;318708975 | &nbsp;&nbsp;&nbsp;&nbsp;101059 |
| Total<br>|  | $129435260 | $1889631043 | $1573474452 | $13631 | $1426 |  | $445606908 | $1115329 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE FINANCIAL SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** | **COMMON STOCKS — 99.7%** |
| **BANKS — 32.8%** | **BANKS — 32.8%** | **BANKS — 32.8%** |
| Bank of America Corp. | 58231649 | &nbsp;&nbsp;&nbsp;$1928632215 |
| Citigroup, Inc. | 16142067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730105690 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;4128948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162556683 |
| Comerica, Inc. | &nbsp;&nbsp;1089783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72851994 |
| Fifth Third Bancorp | &nbsp;&nbsp;5715793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187535168 |
| First Republic Bank (a) | &nbsp;&nbsp;1521980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185514142 |
| Huntington Bancshares, Inc. | 12012939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169382440 |
| JPMorgan Chase & Co. (a) | 24457734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3279782129 |
| KeyCorp. (a) | &nbsp;&nbsp;7768901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135334255 |
| M&T Bank Corp. | &nbsp;&nbsp;1439271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208780651 |
| PNC Financial Services Group, Inc. | &nbsp;&nbsp;3362989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531150483 |
| Regions Financial Corp. | &nbsp;&nbsp;7783508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167812433 |
| Signature Bank | &nbsp;&nbsp;&nbsp;&nbsp;524239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60402818 |
| SVB Financial Group (b) | &nbsp;&nbsp;&nbsp;&nbsp;492180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113270305 |
| Truist Financial Corp. | 11048133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475401163 |
| US Bancorp | 11262185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491143888 |
| Wells Fargo & Co. | 31772532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1311887846 |
| Zions Bancorp NA | &nbsp;&nbsp;1253506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61622355 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;10273166658 |
| **CAPITAL MARKETS — 26.8%** | **CAPITAL MARKETS — 26.8%** | **CAPITAL MARKETS — 26.8%** |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;887312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276282337 |
| Bank of New York Mellon Corp. | &nbsp;&nbsp;6125540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278834581 |
| BlackRock, Inc. | &nbsp;&nbsp;1252352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887454198 |
| Cboe Global Markets, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;883397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110839822 |
| Charles Schwab Corp. | 12719328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1059011249 |
| CME Group, Inc. | &nbsp;&nbsp;2999520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504399283 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;316370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126930808 |
| Franklin Resources, Inc. (a) | &nbsp;&nbsp;2366187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62420013 |
| Goldman Sachs Group, Inc. (a) | &nbsp;&nbsp;2823648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969584250 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;4651671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477214928 |
| Invesco, Ltd. | &nbsp;&nbsp;3789075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68165459 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;313504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87433131 |
| Moody's Corp. | &nbsp;&nbsp;1314596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366272738 |
| Morgan Stanley | 10992056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934544601 |
| MSCI, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;666616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310089765 |
| Nasdaq, Inc. | &nbsp;&nbsp;2823083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173196142 |
| Northern Trust Corp. | &nbsp;&nbsp;1735707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153592712 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;1618130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172897190 |
| S&P Global, Inc. (a) | &nbsp;&nbsp;2776535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;929972633 |
| State Street Corp. (c) | &nbsp;&nbsp;3062395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237549980 |
| T Rowe Price Group, Inc. (a) | &nbsp;&nbsp;1863219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203202664 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8389888484 |
| **CONSUMER FINANCE — 4.4%** | **CONSUMER FINANCE — 4.4%** | **CONSUMER FINANCE — 4.4%** |
| American Express Co. (a) | &nbsp;&nbsp;4984547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736466819 |
| Capital One Financial Corp. | &nbsp;&nbsp;3182720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295865651 |
| Discover Financial Services | &nbsp;&nbsp;2275302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222592795 |
| Synchrony Financial | &nbsp;&nbsp;3756675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123444341 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1378369606 |
| **DIVERSIFIED FINANCIAL SERVICES — 14.8%** | **DIVERSIFIED FINANCIAL SERVICES — 14.8%** | **DIVERSIFIED FINANCIAL SERVICES — 14.8%** |
| Berkshire Hathaway, Inc. Class B (b) | 15023132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4640645475 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **INSURANCE — 20.9%** | **INSURANCE — 20.9%** | **INSURANCE — 20.9%** |
| Aflac, Inc. | &nbsp;&nbsp;&nbsp;4717967 | &nbsp;&nbsp;&nbsp;&nbsp;$339410546 |
| Allstate Corp. | &nbsp;&nbsp;&nbsp;2211328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299856077 |
| American International Group, Inc. | &nbsp;&nbsp;&nbsp;6195146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391781033 |
| Aon PLC Class A | &nbsp;&nbsp;&nbsp;1724835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517691977 |
| Arch Capital Group, Ltd. (b) | &nbsp;&nbsp;&nbsp;3083999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193613457 |
| Arthur J Gallagher & Co. | &nbsp;&nbsp;&nbsp;1758028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331458599 |
| Assurant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55435846 |
| Brown & Brown, Inc. | &nbsp;&nbsp;&nbsp;1952710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111245889 |
| Chubb, Ltd. | &nbsp;&nbsp;&nbsp;3460847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763462848 |
| Cincinnati Financial Corp. (a) | &nbsp;&nbsp;&nbsp;1310697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134202266 |
| Everest Re Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108749978 |
| Globe Life, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90968356 |
| Hartford Financial Services Group, Inc. | &nbsp;&nbsp;&nbsp;2652416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201132705 |
| Lincoln National Corp. (a) | &nbsp;&nbsp;&nbsp;1290434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39642132 |
| Loews Corp. | &nbsp;&nbsp;&nbsp;1643294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95853339 |
| Marsh & McLennan Cos., Inc. | &nbsp;&nbsp;&nbsp;4135777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684388378 |
| MetLife, Inc. | &nbsp;&nbsp;&nbsp;5495546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397712664 |
| Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp;1897517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159239627 |
| Progressive Corp. | &nbsp;&nbsp;&nbsp;4878345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632770130 |
| Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp;3068436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305186645 |
| Travelers Cos., Inc. | &nbsp;&nbsp;&nbsp;1953902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366337086 |
| W R Berkley Corp. | &nbsp;&nbsp;&nbsp;1701383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123469364 |
| Willis Towers Watson PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220728314 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6564337256 |
| **TOTAL COMMON STOCKS<br>(Cost $36,445,844,212)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;31246407479 |
| **SHORT-TERM INVESTMENTS — 0.5%** | **SHORT-TERM INVESTMENTS — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (d) (e) | &nbsp;&nbsp;32181119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32187556 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (c) (f) | 126752434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126752434 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $158,938,603)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $158,938,603)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158939990 |
| **TOTAL INVESTMENTS — 100.2%<br>(Cost $36,604,782,815)<br>** | **TOTAL INVESTMENTS — 100.2%<br>(Cost $36,604,782,815)<br>** | &nbsp;&nbsp;&nbsp;31405347469 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(76368198) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | $31328979271 |

---

(a) All or a portion of the shares of the security are on loan at December 31, 2022.

(b) Non-income producing security.

(c) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 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 transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(e) The rate shown is the annualized seven-day yield at December 31, 2022.

(f) Investment of cash collateral for securities loaned.

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE FINANCIAL SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $31246407479 | $— | $— | $31246407479 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158939990 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158939990 |
| **TOTAL INVESTMENTS<br>**  | $31405347469 | $— | $— | $31405347469 |

---

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp;2979555 | $181186739 | $53054634 | &nbsp;&nbsp;&nbsp;&nbsp;$46998561 | $221970 | $50085197 | &nbsp;&nbsp;&nbsp;&nbsp;3062395 | $237549980 | $1929835 |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| &nbsp;&nbsp;62474114 | &nbsp;&nbsp;&nbsp;&nbsp;62486609 | &nbsp;&nbsp;266421151 | &nbsp;&nbsp;&nbsp;&nbsp;296717604 | &nbsp;&nbsp;&nbsp;&nbsp;2404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5004) | &nbsp;&nbsp;32181119 | &nbsp;&nbsp;&nbsp;&nbsp;32187556 | &nbsp;&nbsp;&nbsp;&nbsp;401738 |
| State Street Navigator Securities Lending Portfolio II<br>| 122805648 | &nbsp;&nbsp;122805648 | &nbsp;&nbsp;672328248 | &nbsp;&nbsp;&nbsp;&nbsp;668381462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 126752434 | &nbsp;&nbsp;126752434 | &nbsp;&nbsp;&nbsp;&nbsp;94895 |
| Total<br>|  | $366478996 | $991804033 | $1012097627 | $224374 | $50080193 |  | $396489970 | $2426468 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE HEALTH CARE SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** | **COMMON STOCKS — 99.9%** |
| **BIOTECHNOLOGY — 15.7%** | **BIOTECHNOLOGY — 15.7%** | **BIOTECHNOLOGY — 15.7%** |
| AbbVie, Inc. (a) | 14606594 | &nbsp;&nbsp;&nbsp;$2360571657 |
| Amgen, Inc. | &nbsp;&nbsp;4407084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1157476542 |
| Biogen, Inc. (a) (b) | &nbsp;&nbsp;1189396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329367540 |
| Gilead Sciences, Inc. (a) | 10359279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;889344102 |
| Incyte Corp. (b) | &nbsp;&nbsp;1525126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122498120 |
| Moderna, Inc. (a) (b) | &nbsp;&nbsp;2728877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490160887 |
| Regeneron Pharmaceuticals, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;884487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638148526 |
| Vertex Pharmaceuticals, Inc. (b) | &nbsp;&nbsp;2120108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612244788 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6599812162 |
| **HEALTH CARE EQUIPMENT & SUPPLIES — 17.8%** | **HEALTH CARE EQUIPMENT & SUPPLIES — 17.8%** | **HEALTH CARE EQUIPMENT & SUPPLIES — 17.8%** |
| Abbott Laboratories | 14400859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1581070310 |
| Align Technology, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;599985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126536837 |
| Baxter International, Inc. | &nbsp;&nbsp;4163728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212225216 |
| Becton Dickinson & Co. | &nbsp;&nbsp;2355551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599016619 |
| Boston Scientific Corp. (b) | 11830099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547378681 |
| Cooper Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;407569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134770841 |
| DENTSPLY SIRONA, Inc. (a) | &nbsp;&nbsp;1775060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56517910 |
| DexCom, Inc. (b) | &nbsp;&nbsp;3190238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361262551 |
| Edwards Lifesciences Corp. (b) | &nbsp;&nbsp;5106475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380994100 |
| Hologic, Inc. (b) | &nbsp;&nbsp;2061960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154255228 |
| IDEXX Laboratories, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;683991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279040968 |
| Intuitive Surgical, Inc. (b) | &nbsp;&nbsp;2918795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774502253 |
| Medtronic PLC | 10977990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853209383 |
| ResMed, Inc. | &nbsp;&nbsp;1209899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251816279 |
| STERIS PLC (a) | &nbsp;&nbsp;&nbsp;&nbsp;824530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152282446 |
| Stryker Corp. (a) | &nbsp;&nbsp;2781811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680124971 |
| Teleflex, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;387451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96719393 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;1733264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220991160 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7462715146 |
| **HEALTH CARE PROVIDERS & SERVICES — 23.3%** | **HEALTH CARE PROVIDERS & SERVICES — 23.3%** | **HEALTH CARE PROVIDERS & SERVICES — 23.3%** |
| AmerisourceBergen Corp. (a) | &nbsp;&nbsp;1337638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221659993 |
| Cardinal Health, Inc. | &nbsp;&nbsp;2165055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166427778 |
| Centene Corp. (b) | &nbsp;&nbsp;4677006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383561262 |
| Cigna Corp. | &nbsp;&nbsp;2525179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;836692810 |
| CVS Health Corp. | 10852594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011353235 |
| DaVita, Inc. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;457314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34147636 |
| Elevance Health, Inc. (a) | &nbsp;&nbsp;1972582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011875389 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;1751311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420244588 |
| Henry Schein, Inc. (a) (b) | &nbsp;&nbsp;1119588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89421494 |
| Humana, Inc. | &nbsp;&nbsp;1045671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535582229 |
| Laboratory Corp. of America Holdings | &nbsp;&nbsp;&nbsp;&nbsp;731745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172311313 |
| McKesson Corp. (a) | &nbsp;&nbsp;1171127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439313160 |
| Molina Healthcare, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;482311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159268738 |
| Quest Diagnostics, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;940626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147151531 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;7717138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4091472225 |
| Universal Health Services, Inc. Class B (a) | &nbsp;&nbsp;&nbsp;&nbsp;529927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74661415 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9795144796 |
| **LIFE SCIENCES TOOLS & SERVICES — 12.3%** | **LIFE SCIENCES TOOLS & SERVICES — 12.3%** | **LIFE SCIENCES TOOLS & SERVICES — 12.3%** |
| Agilent Technologies, Inc. (a) | &nbsp;&nbsp;2445161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365918344 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| Bio-Rad Laboratories, Inc. Class A (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$74763542 |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;1296497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107453671 |
| Charles River Laboratories International, Inc. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91572693 |
| Danaher Corp. | &nbsp;&nbsp;&nbsp;5411290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1436264592 |
| Illumina, Inc. (a) (b) | &nbsp;&nbsp;&nbsp;1299229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262704104 |
| IQVIA Holdings, Inc. (b) | &nbsp;&nbsp;&nbsp;1534122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314326257 |
| Mettler-Toledo International, Inc. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266085663 |
| PerkinElmer, Inc. (a) | &nbsp;&nbsp;&nbsp;1042483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146176966 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;3239320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1783861131 |
| Waters Corp. (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168109830 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143914171 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5161150964 |
| **PHARMACEUTICALS — 30.8%** | **PHARMACEUTICALS — 30.8%** | **PHARMACEUTICALS — 30.8%** |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp;17560811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1263500351 |
| Catalent, Inc. (a) (b) | &nbsp;&nbsp;&nbsp;1486350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66900614 |
| Eli Lilly & Co. (a) | &nbsp;&nbsp;&nbsp;6513762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2382994690 |
| Johnson & Johnson | &nbsp;&nbsp;21594083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3814594762 |
| Merck & Co., Inc. (a) | &nbsp;&nbsp;20940905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2323393410 |
| Organon & Co. (a) | &nbsp;&nbsp;&nbsp;2100920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58678696 |
| Pfizer, Inc. | &nbsp;&nbsp;46362727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2375626131 |
| Viatris, Inc. | &nbsp;&nbsp;10016080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111478970 |
| Zoetis, Inc. (a) | &nbsp;&nbsp;&nbsp;3849471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564139975 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;12961307599 |
| **TOTAL COMMON STOCKS<br>(Cost $42,124,574,556)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;41980130667 |
| **SHORT-TERM INVESTMENTS — 0.3%** | **SHORT-TERM INVESTMENTS — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | &nbsp;&nbsp;15750492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15753642 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (e) (f) | 125593119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125593119 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $141,345,487)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $141,345,487)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141346761 |
| **TOTAL INVESTMENTS — 100.2%<br>(Cost $42,265,920,043)<br>** | **TOTAL INVESTMENTS — 100.2%<br>(Cost $42,265,920,043)<br>** | &nbsp;&nbsp;&nbsp;42121477428 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(97343977) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | $42024133451 |

---

(a) All or a portion of the shares of the security are on loan at December 31, 2022.

(b) Non-income producing security.

(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(d) The rate shown is the annualized seven-day yield at December 31, 2022.

(e) The Fund invested in an affiliated entity. Amounts related to these investments during the year ended December 31, 2022 are shown in the Affiliate Table below.

(f) Investment of cash collateral for securities loaned.

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE HEALTH CARE SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $41980130667 | $— | $— | $41980130667 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141346761 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141346761 |
| **TOTAL INVESTMENTS<br>**  | $42121477428 | $— | $— | $42121477428 |

---

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| &nbsp;&nbsp;40926004 | $40934189 | $208358948 | $233547877 | $12285 | $(3903) | &nbsp;&nbsp;15750492 | $15753642 | $674460 |
| State Street Navigator Securities Lending Portfolio II<br>| 158598098 | &nbsp;&nbsp;158598098 | &nbsp;&nbsp;537072478 | &nbsp;&nbsp;570077457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 125593119 | &nbsp;&nbsp;125593119 | &nbsp;&nbsp;&nbsp;&nbsp;55457 |
| Total<br>|  | $199532287 | $745431426 | $803625334 | $12285 | $(3903) |  | $141346761 | $729917 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE INDUSTRIAL SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
| **AEROSPACE & DEFENSE — 22.0%** | **AEROSPACE & DEFENSE — 22.0%** | **AEROSPACE & DEFENSE — 22.0%** |
| Boeing Co. (a) | 2720746 | &nbsp;&nbsp;&nbsp;&nbsp;$518274905 |
| General Dynamics Corp. | 1093361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271273798 |
| Howmet Aerospace, Inc. | 1788210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70473356 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;193750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44694250 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;924695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192530746 |
| Lockheed Martin Corp. | 1132781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551086629 |
| Northrop Grumman Corp. | &nbsp;&nbsp;702596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383343403 |
| Raytheon Technologies Corp. | 7139377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720505927 |
| Textron, Inc. | 1013958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71788226 |
| TransDigm Group, Inc. | &nbsp;&nbsp;250815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157925665 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2981896905 |
| **AIR FREIGHT & LOGISTICS — 7.0%** | **AIR FREIGHT & LOGISTICS — 7.0%** | **AIR FREIGHT & LOGISTICS — 7.0%** |
| C.H. Robinson Worldwide, Inc. (b) | &nbsp;&nbsp;571606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52336246 |
| Expeditors International of Washington, Inc. (b) | &nbsp;&nbsp;772841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80313637 |
| FedEx Corp. | 1162681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201376349 |
| United Parcel Service, Inc. Class B | 3544442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616165797 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950192029 |
| **AIRLINES — 2.4%** | **AIRLINES — 2.4%** | **AIRLINES — 2.4%** |
| Alaska Air Group, Inc. (a) (b) | &nbsp;&nbsp;615953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26449022 |
| American Airlines Group, Inc. (a) (b) | 3156240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40147373 |
| Delta Air Lines, Inc. (a) | 3113945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102324233 |
| Southwest Airlines Co. | 2883468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97086367 |
| United Airlines Holdings, Inc. (a) | 1587661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59854820 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325861815 |
| **BUILDING PRODUCTS — 5.2%** | **BUILDING PRODUCTS — 5.2%** | **BUILDING PRODUCTS — 5.2%** |
| A.O. Smith Corp. | &nbsp;&nbsp;616130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35267281 |
| Allegion PLC | &nbsp;&nbsp;426648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44908969 |
| Carrier Global Corp. | 4061383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167532049 |
| Johnson Controls International PLC | 3344704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214061056 |
| Masco Corp. (b) | 1095299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51117604 |
| Trane Technologies PLC | 1118558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188018414 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700905373 |
| **COMMERCIAL SERVICES & SUPPLIES — 5.7%** | **COMMERCIAL SERVICES & SUPPLIES — 5.7%** | **COMMERCIAL SERVICES & SUPPLIES — 5.7%** |
| Cintas Corp. | &nbsp;&nbsp;419194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189316394 |
| Copart, Inc. (a) | 2081111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126718849 |
| Republic Services, Inc. | &nbsp;&nbsp;997612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128681972 |
| Rollins, Inc. | 1124164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41076953 |
| Waste Management, Inc. | 1813683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284530589 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770324757 |
| **CONSTRUCTION & ENGINEERING — 0.7%** | **CONSTRUCTION & ENGINEERING — 0.7%** | **CONSTRUCTION & ENGINEERING — 0.7%** |
| Quanta Services, Inc. | &nbsp;&nbsp;694045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98901412 |
| **ELECTRICAL EQUIPMENT — 6.7%** | **ELECTRICAL EQUIPMENT — 6.7%** | **ELECTRICAL EQUIPMENT — 6.7%** |
| AMETEK, Inc. | 1115323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155832930 |
| Eaton Corp. PLC (b) | 1931496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303148297 |
| Emerson Electric Co. | 2871634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275849162 |
| Generac Holdings, Inc. (a) (b) | &nbsp;&nbsp;307835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30986671 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;557746 | &nbsp;&nbsp;&nbsp;&nbsp;$143658637 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909475697 |
| **INDUSTRIAL CONGLOMERATES — 10.9%** | **INDUSTRIAL CONGLOMERATES — 10.9%** | **INDUSTRIAL CONGLOMERATES — 10.9%** |
| 3M Co. | &nbsp;&nbsp;2684377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321910490 |
| General Electric Co. | &nbsp;&nbsp;5306629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444642444 |
| Honeywell International, Inc. | &nbsp;&nbsp;3265201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699732574 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1466285508 |
| **MACHINERY — 21.7%** | **MACHINERY — 21.7%** | **MACHINERY — 21.7%** |
| Caterpillar, Inc. (b) | &nbsp;&nbsp;2527422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605469214 |
| Cummins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;684882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165940060 |
| Deere & Co. | &nbsp;&nbsp;1333861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571906242 |
| Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp;681617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92297758 |
| Fortive Corp. | &nbsp;&nbsp;1718275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110399169 |
| IDEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;366233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83621981 |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;1357553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299068926 |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;1966587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102754171 |
| Nordson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;261192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62090562 |
| Otis Worldwide Corp. | &nbsp;&nbsp;2023207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158437340 |
| PACCAR, Inc. | &nbsp;&nbsp;1688954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167155777 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;623556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181454796 |
| Pentair PLC | &nbsp;&nbsp;&nbsp;&nbsp;798833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35931508 |
| Snap-on, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;258201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58996346 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;718480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53972218 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;883254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88157582 |
| Xylem, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;875194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96770201 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2934423851 |
| **PROFESSIONAL SERVICES — 4.3%** | **PROFESSIONAL SERVICES — 4.3%** | **PROFESSIONAL SERVICES — 4.3%** |
| CoStar Group, Inc. (a) | &nbsp;&nbsp;1975069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152633332 |
| Equifax, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;594649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115575980 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;619702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74407619 |
| Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;663870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69832485 |
| Robert Half International, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;526926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38902947 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;759476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133986756 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585339119 |
| **ROAD & RAIL — 10.4%** | **ROAD & RAIL — 10.4%** | **ROAD & RAIL — 10.4%** |
| CSX Corp. | 10210393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316317975 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;402208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70128987 |
| Norfolk Southern Corp. | &nbsp;&nbsp;1124377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277068980 |
| Old Dominion Freight Line, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;439926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124842200 |
| Union Pacific Corp. | &nbsp;&nbsp;2985867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618283480 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1406641622 |
| **TRADING COMPANIES & DISTRIBUTORS — 2.8%** | **TRADING COMPANIES & DISTRIBUTORS — 2.8%** | **TRADING COMPANIES & DISTRIBUTORS — 2.8%** |
| Fastenal Co. | &nbsp;&nbsp;2781620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131626258 |
| United Rentals, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;336573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119624776 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;218255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121404344 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372655378 |
| **TOTAL COMMON STOCKS<br>(Cost $15,884,646,437)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;13502903466 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE INDUSTRIAL SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS — 0.9%** | **SHORT-TERM INVESTMENTS — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | &nbsp;&nbsp;14135191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14138018 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (e) (f) | 104339704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104339704 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $118,477,060)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $118,477,060)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118477722 |
| **TOTAL INVESTMENTS — 100.7%<br>(Cost $16,003,123,497)<br>** | **TOTAL INVESTMENTS — 100.7%<br>(Cost $16,003,123,497)<br>** | &nbsp;&nbsp;&nbsp;13621381188 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.7)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.7)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(87983372) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | $13533397816 |

---

(a) Non-income producing security.

(b) All or a portion of the shares of the security are on loan at December 31, 2022.

(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(d) The rate shown is the annualized seven-day yield at December 31, 2022.

(e) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below.

(f) Investment of cash collateral for securities loaned.

At December 31, 2022, open futures contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br> Contracts** | **Expiration<br> Date** | **Notional<br> Amount** | **Value** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| E-mini S&P 500 Industrial Select Sector Index (long) | 243 | 03/17/2023 | $24409350 | $24210090 | $(199260) |

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $13502903466 | $— | $— | $13502903466 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118477722 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118477722 |
| **TOTAL INVESTMENTS<br>**  | $13621381188 | $— | $— | $13621381188 |
| **LIABILITIES:** |  |  |  |  |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Futures Contracts<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(199260) | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(199260) |
| **TOTAL OTHER FINANCIAL INSTRUMENTS:<br>**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(199260) | $— | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(199260) |

---

(a) Futures Contracts are valued at unrealized appreciation (depreciation).

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| &nbsp;&nbsp;17536831 | $17540339 | $84347991 | $87754130 | $6047 | $(2229) | &nbsp;&nbsp;14135191 | $14138018 | $234400 |
| State Street Navigator Securities Lending Portfolio II<br>| 107539396 | &nbsp;&nbsp;107539396 | &nbsp;&nbsp;493276873 | &nbsp;&nbsp;496476565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 104339704 | &nbsp;&nbsp;104339704 | &nbsp;&nbsp;&nbsp;&nbsp;87564 |
| Total<br>|  | $125079735 | $577624864 | $584230695 | $6047 | $(2229) |  | $118477722 | $321964 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE MATERIALS SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.6%** | **COMMON STOCKS — 99.6%** | **COMMON STOCKS — 99.6%** |
| **CHEMICALS — 68.4%** | **CHEMICALS — 68.4%** | **CHEMICALS — 68.4%** |
| Air Products & Chemicals, Inc. | 1320300 | &nbsp;&nbsp;&nbsp;&nbsp;$406995678 |
| Albemarle Corp. | &nbsp;&nbsp;697373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151232309 |
| Celanese Corp. | &nbsp;&nbsp;593802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60710317 |
| CF Industries Holdings, Inc. | 1167848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99500650 |
| Corteva, Inc. | 4253145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249999863 |
| Dow, Inc. | 4189249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211096257 |
| DuPont de Nemours, Inc. (a) | 2957228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202954558 |
| Eastman Chemical Co. | &nbsp;&nbsp;714262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58169497 |
| Ecolab, Inc. | 1475077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214712208 |
| FMC Corp. | &nbsp;&nbsp;749834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93579283 |
| International Flavors & Fragrances, Inc. | 1517704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159116087 |
| Linde PLC | 2942884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959909903 |
| LyondellBasell Industries NV Class A | 1511906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125533555 |
| Mosaic Co. | 2026772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88914488 |
| PPG Industries, Inc. | 1399037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175914912 |
| Sherwin-Williams Co. | 1403763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333155073 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3591494638 |
| **CONSTRUCTION MATERIALS — 5.0%** | **CONSTRUCTION MATERIALS — 5.0%** | **CONSTRUCTION MATERIALS — 5.0%** |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;369611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124917430 |
| Vulcan Materials Co. | &nbsp;&nbsp;791155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138539152 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263456582 |
| **CONTAINERS & PACKAGING — 10.1%** | **CONTAINERS & PACKAGING — 10.1%** | **CONTAINERS & PACKAGING — 10.1%** |
| Amcor PLC | 8863660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105566191 |
| Avery Dennison Corp. | &nbsp;&nbsp;481982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87238742 |
| Ball Corp. | 1868666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95563579 |
| International Paper Co. | 2117186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73318151 |
| Packaging Corp. of America | &nbsp;&nbsp;550824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70455898 |
| Sealed Air Corp. | &nbsp;&nbsp;861105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42951917 |
| Westrock Co. | 1513752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53223520 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528317998 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **METALS & MINING — 16.1%** | **METALS & MINING — 16.1%** | **METALS & MINING — 16.1%** |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;8508326 | &nbsp;&nbsp;&nbsp;&nbsp;$323316388 |
| Newmont Corp. | &nbsp;&nbsp;4724878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223014242 |
| Nucor Corp. | &nbsp;&nbsp;1527121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201289819 |
| Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;992855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97001933 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844622382 |
| **TOTAL COMMON STOCKS<br>(Cost $6,231,424,821)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5227891600 |
| **SHORT-TERM INVESTMENTS — 1.0%** | **SHORT-TERM INVESTMENTS — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (b) (c) | 14348947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14351817 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (d) (e) | 37943080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37943080 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $52,294,695)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $52,294,695)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52294897 |
| **TOTAL INVESTMENTS — 100.6%<br>(Cost $6,283,719,516)<br>** | **TOTAL INVESTMENTS — 100.6%<br>(Cost $6,283,719,516)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;5280186497 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.6)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.6)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30555566) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | &nbsp;&nbsp;&nbsp;$5249630931 |

---

(a) All or a portion of the shares of the security are on loan at December 31, 2022.

(b) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(c) The rate shown is the annualized seven-day yield at December 31, 2022.

(d) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below.

(e) Investment of cash collateral for securities loaned.

At December 31, 2022, open futures contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br> Contracts** | **Expiration<br> Date** | **Notional<br> Amount** | **Value** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| E-mini S&P 500 Material Select Sector Index (long) | 205 | 03/17/2023 | $17668591 | $17002700 | $(665891) |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE MATERIALS SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $5227891600 | $— | $— | $5227891600 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52294897 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52294897 |
| **TOTAL INVESTMENTS<br>**  | $5280186497 | $— | $— | $5280186497 |
| **LIABILITIES:** |  |  |  |  |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Futures Contracts<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(665891) | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(665891) |
| **TOTAL OTHER FINANCIAL INSTRUMENTS:<br>**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(665891) | $— | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(665891) |

---

(a) Futures Contracts are valued at unrealized appreciation (depreciation).

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| 3340391 | $3341060 | $50054177 | $39044399 | $1063 | $(84) | 14348947 | $14351817 | $90683 |
| State Street Navigator Securities Lending Portfolio II<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;240520426 | &nbsp;&nbsp;202577346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | 37943080 | &nbsp;&nbsp;37943080 | &nbsp;&nbsp;&nbsp;&nbsp;27196 |
| Total<br>|  | $3341060 | $290574603 | $241621745 | $1063 | $(84) |  | $52294897 | $117879 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE REAL ESTATE SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.6%** | **COMMON STOCKS — 99.6%** | **COMMON STOCKS — 99.6%** |
| **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs) — 96.8%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs) — 96.8%** | **EQUITY REAL ESTATE INVESTMENT TRUSTS (REITs) — 96.8%** |
| Alexandria Real Estate Equities, Inc. REIT | &nbsp;&nbsp;840074 | &nbsp;&nbsp;&nbsp;&nbsp;$122373580 |
| American Tower Corp. REIT | 2619573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554982736 |
| AvalonBay Communities, Inc. REIT | &nbsp;&nbsp;787082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127129485 |
| Boston Properties, Inc. REIT | &nbsp;&nbsp;802557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54236802 |
| Camden Property Trust REIT | &nbsp;&nbsp;599374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67057963 |
| Crown Castle, Inc. REIT | 2436452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330480349 |
| Digital Realty Trust, Inc. REIT | 1617678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162204573 |
| Equinix, Inc. REIT | &nbsp;&nbsp;520678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341059710 |
| Equity Residential REIT | 1913673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112906707 |
| Essex Property Trust, Inc. REIT | &nbsp;&nbsp;364369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77217078 |
| Extra Space Storage, Inc. REIT | &nbsp;&nbsp;753496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110899541 |
| Federal Realty Investment Trust REIT | &nbsp;&nbsp;410231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41449740 |
| Healthpeak Properties, Inc. REIT | 3024270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75818449 |
| Host Hotels & Resorts, Inc. REIT | 4022858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64566871 |
| Invitation Homes, Inc. REIT | 3267957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96862246 |
| Iron Mountain, Inc. REIT | 1635595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81534411 |
| Kimco Realty Corp. REIT | 3479641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73698796 |
| Mid-America Apartment Communities, Inc. REIT | &nbsp;&nbsp;649706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101997345 |
| Prologis, Inc. REIT | 5193421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585454349 |
| Public Storage REIT | &nbsp;&nbsp;889328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249180812 |
| Realty Income Corp. REIT | 3528534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223814912 |
| Regency Centers Corp. REIT | &nbsp;&nbsp;864413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54025813 |
| SBA Communications Corp. REIT | &nbsp;&nbsp;607482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170283279 |
| Simon Property Group, Inc. REIT | 1839508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216105400 |
| UDR, Inc. REIT | 1721635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66678924 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| Ventas, Inc. REIT | 2248895 | &nbsp;&nbsp;&nbsp;&nbsp;$101312720 |
| VICI Properties, Inc. REIT | 5418590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175562316 |
| Vornado Realty Trust REIT (a) | &nbsp;&nbsp;904210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18816610 |
| Welltower, Inc. REIT | 2658526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174266379 |
| Weyerhaeuser Co. REIT | 4140481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128354911 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4760332807 |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.8%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.8%** | **REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.8%** |
| CBRE Group, Inc. Class A (b) | 1777609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136804789 |
| **TOTAL COMMON STOCKS<br>(Cost $6,213,458,060)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4897137596 |
| **SHORT-TERM INVESTMENT — 0.0% (c)** | **SHORT-TERM INVESTMENT — 0.0% (c)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (d) (e)<br>(Cost $1,585,466) | 1585466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1585466 |
| **TOTAL INVESTMENTS — 99.6%<br>(Cost $6,215,043,526)<br>** | **TOTAL INVESTMENTS — 99.6%<br>(Cost $6,215,043,526)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;4898723062 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES — 0.4% <br>** | **OTHER ASSETS IN EXCESS OF LIABILITIES — 0.4% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19234295 |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | &nbsp;&nbsp;&nbsp;$4917957357 |

---

(a) All or a portion of the shares of the security are on loan at December 31, 2022.

(b) Non-income producing security.

(c) Amount is less than 0.05% of net assets.

(d) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below.

(e) Investment of cash collateral for securities loaned.

REIT Real Estate Investment Trust

At December 31, 2022, open futures contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br> Contracts** | **Expiration<br> Date** | **Notional<br> Amount** | **Value** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| E-mini S&P 500 Real Estate Select Sector Index (long) | 425 | 03/17/2023 | $20113438 | $19390625 | $(722813) |

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $4897137596 | $— | $— | $4897137596 |
| Short-Term Investment<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1585466 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1585466 |
| **TOTAL INVESTMENTS<br>**  | $4898723062 | $— | $— | $4898723062 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE REAL ESTATE SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **LIABILITIES:** |  |  |  |  |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Futures Contracts<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(722813) | $— | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(722813) |
| **TOTAL OTHER FINANCIAL INSTRUMENTS:<br>**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(722813) | $— | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(722813) |

---

(a) Futures Contracts are valued at unrealized appreciation (depreciation).

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| 14197398 | $14200238 | $75342722 | $89543223 | $263 | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $46557 |
| State Street Navigator Securities Lending Portfolio II<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;12077693 | &nbsp;&nbsp;&nbsp;&nbsp;10492227 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;— | 1585466 | &nbsp;&nbsp;1585466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919 |
| Total<br>|  | $14200238 | $87420415 | $100035450 | $263 | $— |  | $1585466 | $47476 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE TECHNOLOGY SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
| **COMMUNICATIONS EQUIPMENT — 3.6%** | **COMMUNICATIONS EQUIPMENT — 3.6%** | **COMMUNICATIONS EQUIPMENT — 3.6%** |
| Arista Networks, Inc. (a) | &nbsp;&nbsp;1159125 | &nbsp;&nbsp;&nbsp;&nbsp;$140659819 |
| Cisco Systems, Inc. | 19228703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916055411 |
| F5, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;280332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40230445 |
| Juniper Networks, Inc. | &nbsp;&nbsp;1519952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48577666 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;783032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201795177 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1347318518 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.5%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.5%** | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.5%** |
| Amphenol Corp. Class A | &nbsp;&nbsp;2786897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212194338 |
| CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp;634000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113219720 |
| Corning, Inc. | &nbsp;&nbsp;3564913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113863321 |
| Keysight Technologies, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;837318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143239990 |
| TE Connectivity, Ltd. | &nbsp;&nbsp;1489621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171008491 |
| Teledyne Technologies, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;219528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87791442 |
| Trimble, Inc. (a) | &nbsp;&nbsp;1154939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58393716 |
| Zebra Technologies Corp. Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp;241808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62001989 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;961713007 |
| **IT SERVICES — 17.7%** | **IT SERVICES — 17.7%** | **IT SERVICES — 17.7%** |
| Accenture PLC Class A | &nbsp;&nbsp;2950721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;787370392 |
| Akamai Technologies, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;736325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62072197 |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;1942676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464027589 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;550990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73904289 |
| Cognizant Technology Solutions Corp. Class A | &nbsp;&nbsp;2406712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137639859 |
| DXC Technology Co. (a) | &nbsp;&nbsp;1077424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28551736 |
| EPAM Systems, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;269316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88265626 |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp;2778827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188543412 |
| Fiserv, Inc. (a) | &nbsp;&nbsp;2973846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300566615 |
| FleetCor Technologies, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;345395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63442154 |
| Gartner, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;370026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124380540 |
| Global Payments, Inc. | &nbsp;&nbsp;1266362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125775074 |
| International Business Machines Corp. | &nbsp;&nbsp;4234101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596542490 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;341603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59971823 |
| Mastercard, Inc. Class A | &nbsp;&nbsp;3975421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1382373144 |
| Paychex, Inc. | &nbsp;&nbsp;1502149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173588338 |
| PayPal Holdings, Inc. (a) | &nbsp;&nbsp;5338872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380234464 |
| VeriSign, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;431979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88745766 |
| Visa, Inc. Class A (b) | &nbsp;&nbsp;7656919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1590801491 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6716796999 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 20.1%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 20.1%** | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 20.1%** |
| Advanced Micro Devices, Inc. (a) | &nbsp;&nbsp;7550809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;489065899 |
| Analog Devices, Inc. | &nbsp;&nbsp;2408677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395095288 |
| Applied Materials, Inc. | &nbsp;&nbsp;4028910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392335256 |
| Broadcom, Inc. | &nbsp;&nbsp;1896643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1060470001 |
| Enphase Energy, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;636561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168663203 |
| First Solar, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;464340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69553489 |
| Intel Corp. | 19327170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510817103 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;663690 | &nbsp;&nbsp;&nbsp;&nbsp;$250231041 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;638677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268435943 |
| Microchip Technology, Inc. | &nbsp;&nbsp;2575784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180948826 |
| Micron Technology, Inc. | &nbsp;&nbsp;5091355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254465923 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;208836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73846498 |
| NVIDIA Corp. | 11660883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1704121442 |
| NXP Semiconductors NV | &nbsp;&nbsp;1213505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191770195 |
| ON Semiconductor Corp. (a) | &nbsp;&nbsp;2025078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126304115 |
| Qorvo, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;474838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43039316 |
| QUALCOMM, Inc. | &nbsp;&nbsp;5249775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577160263 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;751356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68471072 |
| SolarEdge Technologies, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;261772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74152154 |
| Teradyne, Inc. (b) | &nbsp;&nbsp;&nbsp;&nbsp;729396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63712741 |
| Texas Instruments, Inc. | &nbsp;&nbsp;4250266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702228948 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7664888716 |
| **SOFTWARE — 33.0%** | **SOFTWARE — 33.0%** | **SOFTWARE — 33.0%** |
| Adobe, Inc. (a) | &nbsp;&nbsp;2177179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732686049 |
| ANSYS, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;407980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98563888 |
| Autodesk, Inc. (a) | &nbsp;&nbsp;1010908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188908378 |
| Cadence Design Systems, Inc. (a) | &nbsp;&nbsp;1284678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206370674 |
| Ceridian HCM Holding, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;719305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46143416 |
| Fortinet, Inc. (a) | &nbsp;&nbsp;3036637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148461183 |
| Gen Digital, Inc. | &nbsp;&nbsp;2714859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58179428 |
| Intuit, Inc. | &nbsp;&nbsp;1320046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513788304 |
| Microsoft Corp. | 34910083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8372136105 |
| Oracle Corp. | &nbsp;&nbsp;7197052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588287031 |
| Paycom Software, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;227607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70628728 |
| PTC, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;495099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59431684 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;496620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214584536 |
| Salesforce, Inc. (a) | &nbsp;&nbsp;4683116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620934350 |
| ServiceNow, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;946017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367310021 |
| Synopsys, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;716061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228631117 |
| Tyler Technologies, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;194967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62859310 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;12577904202 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 22.9%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 22.9%** | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 22.9%** |
| Apple, Inc. | 64407133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8368418791 |
| Hewlett Packard Enterprise Co. | &nbsp;&nbsp;6025737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96170763 |
| HP, Inc. | &nbsp;&nbsp;4145592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111392057 |
| NetApp, Inc. | &nbsp;&nbsp;1017940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61137476 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;899143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47303913 |
| Western Digital Corp. (a) | &nbsp;&nbsp;1487610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46934095 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8731357095 |
| **TOTAL COMMON STOCKS<br>(Cost $42,592,048,192)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;37999978537 |
| **SHORT-TERM INVESTMENTS — 0.4%** | **SHORT-TERM INVESTMENTS — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 73740438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73755186 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE TECHNOLOGY SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (e) (f) | 72323492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$72323492 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $146,068,414)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $146,068,414)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146078678 |
| **TOTAL INVESTMENTS — 100.2%<br>(Cost $42,738,116,606)<br>** | **TOTAL INVESTMENTS — 100.2%<br>(Cost $42,738,116,606)<br>** | &nbsp;&nbsp;&nbsp;38146057215 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(63651115) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | $38082406100 |

---

(a) Non-income producing security.

(b) All or a portion of the shares of the security are on loan at December 31, 2022.

(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(d) The rate shown is the annualized seven-day yield at December 31, 2022.

(e) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below.

(f) Investment of cash collateral for securities loaned.

At December 31, 2022, open futures contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of<br> Contracts** | **Expiration<br> Date** | **Notional<br> Amount** | **Value** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| E-mini S&P 500 Technology Select Sector Index (long) | 474 | 03/17/2023 | $63056220 | $59885160 | $(3171060) |

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $37999978537 | $— | $— | $37999978537 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146078678 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146078678 |
| **TOTAL INVESTMENTS<br>**  | $38146057215 | $— | $— | $38146057215 |
| **LIABILITIES:** |  |  |  |  |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Futures Contracts<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3171060) | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3171060) |
| **TOTAL OTHER FINANCIAL INSTRUMENTS:<br>**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(3171060) | $— | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(3171060) |

---

(a) Futures Contracts are valued at unrealized appreciation (depreciation).

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| 60823039 | $60835203 | &nbsp;&nbsp;$219294635 | &nbsp;&nbsp;$206375085 | $6612 | $(6180) | 73740438 | $73755186 | $580537 |
| State Street Navigator Securities Lending Portfolio II<br>| 94660055 | &nbsp;&nbsp;&nbsp;&nbsp;94660055 | &nbsp;&nbsp;1334175168 | &nbsp;&nbsp;1356511731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 72323492 | &nbsp;&nbsp;&nbsp;&nbsp;72323492 | &nbsp;&nbsp;297175 |
| Total<br>|  | $155495258 | $1553469803 | $1562886816 | $6612 | $(6180) |  | $146078678 | $877712 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE UTILITIES SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** | **COMMON STOCKS — 99.8%** |
| **ELECTRIC UTILITIES — 65.6%** | **ELECTRIC UTILITIES — 65.6%** | **ELECTRIC UTILITIES — 65.6%** |
| Alliant Energy Corp. (a) | &nbsp;&nbsp;3979273 | &nbsp;&nbsp;&nbsp;&nbsp;$219695662 |
| American Electric Power Co., Inc. (a) | &nbsp;&nbsp;8145805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773444185 |
| Constellation Energy Corp. (a) | &nbsp;&nbsp;5183902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446904191 |
| Duke Energy Corp. (a) | 12207098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1257209023 |
| Edison International | &nbsp;&nbsp;6053488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385122906 |
| Entergy Corp. | &nbsp;&nbsp;3225626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362882925 |
| Evergy, Inc. | &nbsp;&nbsp;3638588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228976343 |
| Eversource Energy (a) | &nbsp;&nbsp;5521446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462918033 |
| Exelon Corp. | 15752869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680996527 |
| FirstEnergy Corp. | &nbsp;&nbsp;8610362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361118582 |
| NextEra Energy, Inc. (a) | 31500818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2633468385 |
| NRG Energy, Inc. (a) | &nbsp;&nbsp;3652112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116210204 |
| PG&E Corp. (a) (b) | 25522539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414996484 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;1793464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136375003 |
| PPL Corp. | 11672218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341062210 |
| Southern Co. | 17257740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1232375213 |
| Xcel Energy, Inc. | &nbsp;&nbsp;8675034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608206634 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;10661962510 |
| **GAS UTILITIES — 1.5%** | **GAS UTILITIES — 1.5%** | **GAS UTILITIES — 1.5%** |
| Atmos Energy Corp. (a) | &nbsp;&nbsp;2217581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248524303 |
| **INDEPENDENT POWER & RENEWABLE ELECTRICITY PRODUCERS — 1.9%** | **INDEPENDENT POWER & RENEWABLE ELECTRICITY PRODUCERS — 1.9%** | **INDEPENDENT POWER & RENEWABLE ELECTRICITY PRODUCERS — 1.9%** |
| AES Corp. | 10588414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304522787 |
| **MULTI-UTILITIES — 28.1%** | **MULTI-UTILITIES — 28.1%** | **MULTI-UTILITIES — 28.1%** |
| Ameren Corp. (a) | &nbsp;&nbsp;4098112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364404119 |
| CenterPoint Energy, Inc. | &nbsp;&nbsp;9979474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299284425 |
| CMS Energy Corp. (a) | &nbsp;&nbsp;4601110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291388296 |
| Consolidated Edison, Inc. (a) | &nbsp;&nbsp;5625317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536148963 |
| Dominion Energy, Inc. (a) | 13209201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809988206 |
| DTE Energy Co. | &nbsp;&nbsp;3071261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360965306 |
| NiSource, Inc. (a) | &nbsp;&nbsp;6438141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176533826 |
| Public Service Enterprise Group, Inc. (a) | &nbsp;&nbsp;7909422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484610286 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| Sempra Energy (a) | &nbsp;&nbsp;4982863 | &nbsp;&nbsp;&nbsp;&nbsp;$770051648 |
| WEC Energy Group, Inc. | &nbsp;&nbsp;5000383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468835910 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4562210985 |
| **WATER UTILITIES — 2.7%** | **WATER UTILITIES — 2.7%** | **WATER UTILITIES — 2.7%** |
| American Water Works Co., Inc. | &nbsp;&nbsp;2882406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439336322 |
| **TOTAL COMMON STOCKS<br>(Cost $17,053,331,930)<br>**  |  | &nbsp;&nbsp;&nbsp;&nbsp;16216556907 |
| **SHORT-TERM INVESTMENTS — 0.4%** | **SHORT-TERM INVESTMENTS — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Liquid Reserves Fund, Premier Class 4.42% (c) (d) | 20158075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20162106 |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Portfolio II (e) (f) | 48769670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48769670 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $68,931,074)<br>** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $68,931,074)<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68931776 |
| **TOTAL INVESTMENTS — 100.2%<br>(Cost $17,122,263,004)<br>** | **TOTAL INVESTMENTS — 100.2%<br>(Cost $17,122,263,004)<br>** | &nbsp;&nbsp;&nbsp;16285488683 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | **LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% <br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24718234) |
| **NET ASSETS — 100.0%<br>** | **NET ASSETS — 100.0%<br>** | $16260770449 |

---

(a) All or a portion of the shares of the security are on loan at December 31, 2022.

(b) Non-income producing security.

(c) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended December 31,
2022 are shown in the Affiliate Table below.

(d) The rate shown is the annualized seven-day yield at December 31, 2022.

(e) The Fund invested in an affiliated entity. Amounts related to these transactions during the period ended December 31, 2022 are shown in the Affiliate Table below.

(f) Investment of cash collateral for securities loaned.

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –<br> Quoted Prices** | **Level 2 –<br> Other Significant<br> Observable Inputs** | **Level 3 –<br> Significant<br> Unobservable Inputs** | **Total** |
| **ASSETS:** |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks<br>| $16216556907 | $— | $— | $16216556907 |
| Short-Term Investments<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68931776 | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68931776 |
| **TOTAL INVESTMENTS<br>**  | $16285488683 | $— | $— | $16285488683 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE UTILITIES SELECT SECTOR SPDR FUND

#### SCHEDULE OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

#### Affiliate Table

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of<br> Shares Held<br> at<br> 9/30/22** | **Value at<br>9/30/22** | **Cost of<br> Purchases** | **Proceeds<br> from<br> Shares Sold** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> Depreciation** | **Number of<br> Shares Held<br> at<br> 12/31/22** | **Value at<br>12/31/22** | **Dividend<br> Income** |
| State Street Institutional Liquid Reserves Fund, Premier Class<br>| 27297775 | $27303235 | $187819695 | $194964470 | $6471 | $(2825) | 20158075 | $20162106 | $219886 |
| State Street Navigator Securities Lending Portfolio II<br>| 92621035 | &nbsp;&nbsp;&nbsp;&nbsp;92621035 | &nbsp;&nbsp;750183138 | &nbsp;&nbsp;794034503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 48769670 | &nbsp;&nbsp;48769670 | &nbsp;&nbsp;&nbsp;&nbsp;93546 |
| Total<br>|  | $119924270 | $938002833 | $988998973 | $6471 | $(2825) |  | $68931776 | $313432 |

---

*See accompanying notes to Schedule of Investments.*

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE SELECT SECTOR SPDR TRUST

#### NOTES TO SCHEDULES OF INVESTMENTS

#### December 31, 2022 (Unaudited)

------

#### Security Valuation
Each Fund's investments are valued at fair value each day that the New York Stock Exchange ("NYSE") is open and, for financial reporting purposes, as of the report date should the reporting period end on a day that the NYSE is not open. Fair value is generally defined as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. By its nature, a fair value price is a good faith estimate of the valuation in a current sale and may not reflect an actual market price. The investments of each Fund are valued pursuant to the policy and procedures developed by the Oversight Committee (the "Committee") and approved by the Board of Trustees of the Trust (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 December 31, 2022, is disclosed in each Fund's respective Schedule of Investments.

------

[**Table of Contents**](#JOB_SSgA__0157e00c-bda2-4f3d-8f70-2d6eb73de9c5_TOC-LETTERSIZE-STANDARD)

#### THE SELECT SECTOR SPDR TRUST

#### NOTES TO SCHEDULES OF INVESTMENTS (continued)

#### December 31, 2022 (Unaudited)

------

#### Futures Contracts
The Funds may enter into futures contracts to meet the 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 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 Fund recognizes a realized gain or loss when the contract is closed.

Losses may arise if the value of a futures contract decreases due to unfavorable changes in the market rates or values of the underlying instrument during the term of the contract or if the counterparty does not perform under the contract. The use of futures contracts also involves the risk that the movements in the price of the futures contracts do not correlate with the movement of the assets underlying such contracts.

#### 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 December 31, 2022 are disclosed in the 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.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SELECT SECTOR SPDR TRUST

- **b. Investment Company Act file number:** 811-08837

- **c. CIK number of Registrant:** 0001064641

- **d. LEI of Registrant:** 5493008JJKIPMEX3CO91

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Iron Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 866-732-8673

**Item A.2. Information about the Series.**

- **a. Name of Series:** The Industrial Select Sector SPDR Fund

- **b. EDGAR series identifier (if any):** S000006413

- **c. LEI of Series:** 549300HQI51T8KP6U325

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $13571526836.39

**Total Liabilities:** $160917851.97

**Net Assets:** $13410608984.42

**Cash Not Reported:** $1470121.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017599 | 13.92%               | 7.84%                | -2.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-23748394.81            | $1564589384.93                             |
| Month 2  | $77226698.01             | $911121753.61                              |
| Month 3  | $94861541.73             | $-545142801.65                             |

### Schedule of Portfolio Investments

| Name                                       | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honeywell International Inc                | Honeywell International Inc                                                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |   3235501 | NS      | $693367864.30 | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                               | Nordson Corp                                                                | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |    258817 | NS      | $61525977.24  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                  | L3Harris Technologies Inc                                                   | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    916295 | NS      | $190781781.95 | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                  | United Parcel Service Inc                                                   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |   3512217 | NS      | $610563803.28 | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                 | AMETEK Inc                                                                  | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |   1105173 | NS      | $154414771.56 | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington Inc | Expeditors International of Washington Inc                                  | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |    765816 | NS      | $79583598.72  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Union Pacific Corp                         | Union Pacific Corp                                                          | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   2958717 | NS      | $612661529.19 | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                         | United Rentals Inc                                                          | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |    333523 | NS      | $118540744.66 | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                | Pentair PLC                                                                 | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |    791558 | NS      | $35604278.84  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                 | Masco Corp                                                                  | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |   1085349 | NS      | $50653237.83  | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| 3M Co                                      | 3M Co                                                                       | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |   2659977 | NS      | $318984441.84 | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                                | Snap-on Inc                                                                 | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |    255851 | NS      | $58459394.99  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                      | General Dynamics Corp                                                       | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |   1083411 | NS      | $268805103.21 | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                               | Allegion plc                                                                | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |    422773 | NS      | $44501085.98  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                | Cintas Corp                                                                 | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    415394 | NS      | $187600238.28 | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                        | Leidos Holdings Inc                                                         | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |    657845 | NS      | $69198715.55  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                       | Generac Holdings Inc                                                        | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |    305035 | NS      | $30704823.10  | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Lockheed Martin Corp                       | Lockheed Martin Corp                                                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |   1122481 | NS      | $546075781.69 | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc              | Old Dominion Freight Line Inc                                               | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    435926 | NS      | $123707080.28 | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| Cummins Inc                                | Cummins Inc                                                                 | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    678657 | NS      | $164431804.53 | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                  | IDEX Corp                                                                   | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |    362908 | NS      | $82862783.64  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                      | Norfolk Southern Corp                                                       | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |   1114152 | NS      | $274549335.84 | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                             | A O Smith Corp                                                              | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    610530 | NS      | $34946737.20  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                    | Rockwell Automation Inc                                                     | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |    552671 | NS      | $142351469.47 | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries Inc          | Huntington Ingalls Industries Inc                                           | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |    192000 | NS      | $44290560.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                     | Trane Technologies PLC                                                      | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |   1108383 | NS      | $186308098.47 | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc         | Johnson Controls International plc                                          | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |   3314304 | NS      | $212115456.00 | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                       | Waste Management Inc                                                        | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |   1797183 | NS      | $281942069.04 | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                | XAI EMINI INDUSTR MAR23                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       243 | NC      | $-199260.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                        | Quanta Services Inc                                                         | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    687745 | NS      | $98003662.50  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half International Inc              | Robert Half International Inc                                               | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    522126 | NS      | $38548562.58  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| American Airlines Group Inc                | American Airlines Group Inc                                                 | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3127540 | NS      | $39782308.80  | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Stanley Black & Decker Inc                 | Stanley Black & Decker Inc                                                  | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    711955 | NS      | $53482059.60  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                 | PACCAR Inc                                                                  | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |   1673604 | NS      | $165636587.88 | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                       | Alaska Air Group Inc                                                        | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |    610353 | NS      | $26208557.82  | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| CoStar Group Inc                           | CoStar Group Inc                                                            | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1957119 | NS      | $151246156.32 | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                        | TransDigm Group Inc                                                         | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    248540 | NS      | $156493211.00 | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors               | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        | 104339704 | NS      | $104339703.50 | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                               | Xylem Inc/NY                                                                | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |    867244 | NS      | $95891169.08  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                      | Republic Services Inc                                                       | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    988537 | NS      | $127511387.63 | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                      | Southwest Airlines Co                                                       | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |   2857243 | NS      | $96203371.81  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                       | Jacobs Solutions Inc                                                        | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    614077 | NS      | $73732225.39  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                 | FedEx Corp                                                                  | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |   1152106 | NS      | $199544759.20 | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                       | Parker-Hannifin Corp                                                        | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    617881 | NS      | $179803371.00 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                   | CSX Corp                                                                    | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |  10117543 | NS      | $313441482.14 | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                | Rollins Inc                                                                 | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |   1113939 | NS      | $40703331.06  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                        | General Electric Co                                                         | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   5258379 | NS      | $440599576.41 | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                 | Deere & Co                                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |   1321736 | NS      | $566707527.36 | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                    | Illinois Tool Works Inc                                                     | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |   1345203 | NS      | $296348220.90 | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                 | Raytheon Technologies Corp                                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   7074452 | NS      | $713953695.84 | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                              | Boeing Co/The                                                               | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |   2695996 | NS      | $513560278.04 | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                 | Dover Corp                                                                  | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |    675417 | NS      | $91458215.97  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                        | Carrier Global Corp                                                         | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |   4024458 | NS      | $166008892.50 | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                        | Emerson Electric Co                                                         | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |   2845534 | NS      | $273341996.04 | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc             | JB Hunt Transport Services Inc                                              | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    398558 | NS      | $69492572.88  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                         | Ingersoll Rand Inc                                                          | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |   1948712 | NS      | $101820202.00 | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                            | Caterpillar Inc                                                             | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |   2504447 | NS      | $599965323.32 | 4.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Textron Inc                                | Textron Inc                                                                 | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |   1004733 | NS      | $71135096.40  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                        | Otis Worldwide Corp                                                         | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |   2004807 | NS      | $156996436.17 | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                 | Copart Inc                                                                  | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |   2062186 | NS      | $125566505.54 | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                      | Northrop Grumman Corp                                                       | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    696196 | NS      | $379851499.56 | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                       | Verisk Analytics Inc                                                        | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |    752576 | NS      | $132769457.92 | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc               | United Airlines Holdings Inc                                                | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |   1573236 | NS      | $59310997.20  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                               | Fortive Corp                                                                | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |   1702650 | NS      | $109395262.50 | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                       | Howmet Aerospace Inc                                                        | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |   1771960 | NS      | $69832943.60  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                            | WW Grainger Inc                                                             | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |    216280 | NS      | $120305750.00 | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                | Equifax Inc                                                                 | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |    589249 | NS      | $114526435.64 | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Delta Air Lines Inc                        | Delta Air Lines Inc                                                         | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |   3085620 | NS      | $101393473.20 | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp   | Westinghouse Air Brake Technologies Corp                                    | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |    875229 | NS      | $87356606.49  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc                  | CH Robinson Worldwide Inc                                                   | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |    566406 | NS      | $51860133.36  | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Fastenal Co                                | Fastenal Co                                                                 | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |   2756320 | NS      | $130429062.40 | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors               | State Street Institutional Liquid Reserves Fund                             | CUSIP: 85749P101<br>LEI: 5493000HFJPORCLSV250 | Long             | STIV             | RF                | US        |  14135085 | NS      | $14137912.45  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                             | Eaton Corp PLC                                                              | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |   1913946 | NS      | $300393824.70 | 2.24%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** SELECT SECTOR SPDR TRUST

**Signature:** Arthur Jensen

**Name of Signer:** Arthur Jensen

**Title:** Deputy Treasurer