# EDGAR Filing Document

**Accession Number:** 0001516212
**File Stem:** 0001410368-26-055469
**Filing Date:** 2026-5
**Character Count:** 1301015
**Document Hash:** f81c931702ede5c29c96711756304d88
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055469.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055469

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SSGA Active Trust
- **CENTRAL INDEX KEY:** 0001516212

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22542
- **FILM NUMBER:** 261035136

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114
- **BUSINESS PHONE:** 6176643920

**MAIL ADDRESS:**
- **STREET 1:** ONE CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SSgA Active Trust
- **DATE OF NAME CHANGE:** 20141208

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SSgA Active ETF Trust
- **DATE OF NAME CHANGE:** 20110322

## Series and Classes Contracts Data

### State Street(R) Multi-Asset Real Return ETF (Series ID: S000033059)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000101916 | State Street(R) Multi-Asset Real Return ETF | RLY             |

## Nport-Ex

Quarterly Report

March 31, 2026

---

| |
|:---|
| State Street Multi-Asset Real Return ETF (formerly SPDR SSGA Multi-Asset Real Return ETF) |
| State Street Income Allocation ETF (formerly SPDR SSGA Income Allocation ETF) |
| State Street Global Allocation ETF (formerly SPDR SSGA Global Allocation ETF) |
| State Street Blackstone High Income ETF (formerly SPDR Blackstone High Income ETF) |
| State Street Blackstone Senior Loan ETF (formerly SPDR Blackstone Senior Loan ETF) |
| State Street Ultra Short Term Bond ETF (formerly SPDR SSGA Ultra Short Term Bond ETF) |
| State Street DoubleLine Total Return Tactical ETF (formerly SPDR DoubleLine Total Return Tactical ETF) |
| &nbsp;&nbsp;&nbsp; State Street DoubleLine Emerging Markets Fixed Income ETF (formerly SPDR DoubleLine Emerging Markets Fixed <br> Income ETF)<br>|
| &nbsp;&nbsp;&nbsp; State Street DoubleLine Short Duration Total Return Tactical ETF (formerly SPDR DoubleLine Short Duration Total <br> Return Tactical ETF)<br>|
| State Street Fixed Income Sector Rotation ETF (formerly SPDR SSGA Fixed Income Sector Rotation ETF) |
| State Street US Sector Rotation ETF (formerly SPDR SSGA US Sector Rotation ETF) |
| State Street US Equity Premium Income ETF (formerly SPDR SSGA US Equity Premium Income ETF) |
| State Street Nuveen Municipal Bond ETF (formerly SPDR Nuveen Municipal Bond ETF) |
| State Street Nuveen Municipal Bond ESG ETF (formerly SPDR Nuveen Municipal Bond ESG ETF) |
| State Street Loomis Sayles Opportunistic Bond ETF (formerly SPDR Loomis Sayles Opportunistic Bond ETF) |

---

**The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-787-2257 or visiting *www.ssga.com.* Please read the prospectus carefully before you invest.**

![](imgdf27236d1.jpg)

------

**TABLE OF CONTENTS** (Unaudited)

---

| | |
|:---|:---|
| **[Schedules of Investments (Unaudited)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-380_1)** |  |
| &nbsp;&nbsp;&nbsp; [State Street Multi-Asset Real Return ETF (RLY) (formerly SPDR SSGA Multi-Asset Real Return ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-380_1) | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; [State Street Income Allocation ETF (INKM) (formerly SPDR SSGA Income Allocation ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-381_1) | &nbsp;&nbsp; 3 |
| &nbsp;&nbsp;&nbsp; [State Street Global Allocation ETF (GAL) (formerly SPDR SSGA Global Allocation ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-382_1) | &nbsp;&nbsp; 5 |
| &nbsp;&nbsp;&nbsp; [State Street Blackstone High Income ETF (HYBL) (formerly SPDR Blackstone High Income ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1752_1) | &nbsp;&nbsp; 7 |
| &nbsp;&nbsp;&nbsp; [State Street Blackstone Senior Loan ETF (SRLN) (formerly SPDR Blackstone Senior Loan ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-383_1) | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; [State Street Ultra Short Term Bond ETF (ULST) (formerly SPDR SSGA Ultra Short Term Bond ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-384_1) | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp; [State Street DoubleLine Total Return Tactical ETF (TOTL) (formerly SPDR DoubleLine Total Return](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-385_1)<br> [Tactical ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-385_1)<br>| &nbsp;&nbsp; 61 |
| &nbsp;&nbsp;&nbsp; [State Street DoubleLine Emerging Markets Fixed Income ETF (EMTL) (formerly SPDR DoubleLine Emerging](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-389_1)<br> [Markets Fixed Income ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-389_1)<br>| &nbsp;&nbsp; 106 |
| &nbsp;&nbsp;&nbsp; [State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) (formerly SPDR DoubleLine Short](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-390_1)<br> [Duration Total Return Tactical ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-390_1)<br>| &nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp; [State Street Fixed Income Sector Rotation ETF (FISR) (formerly SPDR SSGA Fixed Income Sector](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1452_1)<br> [Rotation ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1452_1)<br>| &nbsp;&nbsp; 128 |
| &nbsp;&nbsp;&nbsp; [State Street US Sector Rotation ETF (XLSR) (formerly SPDR SSGA US Sector Rotation ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1451_1) | &nbsp;&nbsp; 130 |
| &nbsp;&nbsp;&nbsp; [State Street US Equity Premium Income ETF (SPIN) (formerly SPDR SSGA US Equity Premium Income ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1820_1) | &nbsp;&nbsp; 132 |
| &nbsp;&nbsp;&nbsp; [State Street Nuveen Municipal Bond ETF (MBND) (formerly SPDR Nuveen Municipal Bond ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1552_1) | &nbsp;&nbsp; 135 |
| &nbsp;&nbsp;&nbsp; [State Street Nuveen Municipal Bond ESG ETF (MBNE) (formerly SPDR Nuveen Municipal Bond ESG ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1762_1) | &nbsp;&nbsp; 139 |
| &nbsp;&nbsp;&nbsp; [State Street Loomis Sayles Opportunistic Bond ETF (OBND) (formerly SPDR Loomis Sayles Opportunistic](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1727_1)<br> [Bond ETF)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_SOIC-CommonContent-Continued-1727_1)<br>| &nbsp;&nbsp; 142 |
| **[Notes to Schedules of Investments (Unaudited)](#xx_b2b94d00-b439-427d-a50e-e004d7243744_NTPOI-CommonContent-Continued_1)** | &nbsp;&nbsp; 156 |

---

**The information contained in this report is intended for the general information of shareholders of the Trust. This report is not authorized for distribution to prospective investors unless preceded or accompanied by a current Trust prospectus which contains important information concerning the Trust. You may obtain a current prospectus and SAI from the Distributor by calling 1-866-787-2257 or visiting *www.ssga.com.* Please read the prospectus carefully before you invest.**

------

**STATE STREET MULTI-ASSET REAL RETURN ETF**

**SCHEDULE OF INVESTMENTS**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 99.9%**  | **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 99.9%**  |  |
| **DOMESTIC EQUITY — 5.3%**  | **DOMESTIC EQUITY — 5.3%**  | **DOMESTIC EQUITY — 5.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Energy Select <br> Sector SPDR ETF (a) (b)<br>| &nbsp;&nbsp;&nbsp; 862735 | &nbsp;&nbsp; $52851146 |
| **DOMESTIC FIXED INCOME — 26.9%**  | **DOMESTIC FIXED INCOME — 26.9%**  | **DOMESTIC FIXED INCOME — 26.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR <br> Bloomberg 1-3 Month <br> T-Bills ETF (a)<br>| &nbsp;&nbsp;&nbsp; 255705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23432806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR <br> Bloomberg Enhanced Roll <br> Yield Commodity Strategy <br> No. K-1 ETF (a)<br>| 6971364 | &nbsp;&nbsp;&nbsp;&nbsp; 245670868 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 269103674 |
| **INFLATION LINKED — 5.7%**  | **INFLATION LINKED — 5.7%**  | **INFLATION LINKED — 5.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR <br> Bloomberg 1-10 Year <br> TIPS ETF (a)<br>| 2953478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56677243 |
| **INTERNATIONAL EQUITY — 27.7%**  | **INTERNATIONAL EQUITY — 27.7%**  | **INTERNATIONAL EQUITY — 27.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P <br> Global Infrastructure ETF <br> (a) (b)<br>| 3342474 | &nbsp;&nbsp;&nbsp;&nbsp; 254094873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VanEck Agribusiness ETF <br> (b)<br>| &nbsp;&nbsp;&nbsp; 269969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22812381 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 276907254 |
| **INTERNATIONAL FIXED INCOME — 2.9%**  | **INTERNATIONAL FIXED INCOME — 2.9%**  | **INTERNATIONAL FIXED INCOME — 2.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR FTSE <br> International Government <br> Inflation-Protected <br> Bond ETF (a) (b)<br>| &nbsp;&nbsp;&nbsp; 732766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29017534 |
| **NATURAL RESOURCES — 28.4%**  | **NATURAL RESOURCES — 28.4%**  | **NATURAL RESOURCES — 28.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P <br> Global Natural <br> Resources ETF (a) (b)<br>| 3396740 | &nbsp;&nbsp;&nbsp;&nbsp; 253634576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P <br> Metals & Mining ETF (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp; 281255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30378352 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 284012928 |
| **REAL ESTATE — 3.0%**  | **REAL ESTATE — 3.0%**  | **REAL ESTATE — 3.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Dow <br> Jones International Real <br> Estate ETF (a) (b)<br>| &nbsp;&nbsp;&nbsp; 257064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6843043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Dow <br> Jones REIT ETF REIT (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp; 232441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23469568 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30312611 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $832,117,614) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $832,117,614) | &nbsp;&nbsp;&nbsp;&nbsp; 998882390 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **SHORT-TERM INVESTMENTS — 2.0%**  | **SHORT-TERM INVESTMENTS — 2.0%**  | **SHORT-TERM INVESTMENTS — 2.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G <br> Shares 3.64% (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 520893 | &nbsp;&nbsp; $520893 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Navigator <br> Securities Lending Portfolio <br> II (e) (f)<br>| 19252543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19252543 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM** <br> **INVESTMENTS**<br> (Cost $19,773,436)<br>|  | &nbsp;&nbsp; $19773436 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS —** <br> **101.9%**<br> (Cost $851,891,050)<br>|  | &nbsp;&nbsp; 1018655826 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS — (1.9)%**  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19254508) |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; $999401318 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. | The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. |
| (a) | Affiliated fund managed by SSGA Funds Management, Inc. <br> Amounts related to these investments during the period <br> ended March 31, 2026 are shown in the Affiliate Table <br> below.<br>|
| (b) | All or a portion of the shares of the security are on loan at <br> March 31, 2026.<br>|
| (c) | The Fund invested in certain money market funds managed <br> by SSGA Funds Management, Inc. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (d) | The rate shown is the annualized seven-day yield at <br> March 31, 2026.<br>|
| (e) | The Fund invested in an affiliated entity. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (f) | Investment of cash collateral for securities loaned. |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET MULTI-ASSET REAL RETURN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Mutual Funds and Exchange Traded Products | &nbsp;&nbsp; $998882390 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $998882390 |
| Short-Term Investments | &nbsp;&nbsp; 19773436 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 19773436 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $1018655826 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1018655826 |

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| State Street Energy Select Sector SPDR ETF | 207471 | $17595616 | $25684975 | $3446045 | $209188 | $12807412 | 862735 | $52851146 | $782376 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money <br> Market Fund, Class G Shares<br>| 246692 | 246692 | 16048175 | 15773974 |  |  | 520893 | 520893 | 20219 |
| State Street Navigator Securities Lending Portfolio II | 48201739 | 48201739 | 1067811471 | 1096760667 |  |  | 19252543 | 19252543 | 312323 |
| State Street SPDR Bloomberg 1-10 Year TIPS ETF | 2843197 | 54418791 | 28295130 | 26118901 | 3055 | 79168 | 2953478 | 56677243 | 1097299 |
| State Street SPDR Bloomberg 1-3 Month T-Bills ETF | 27479 | 2520649 | 36572113 | 15679900 | (3320)<br>| 23264 | 255705 | 23432806 | 105649 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg Enhanced Roll Yield <br> Commodity Strategy No. K-1 ETF<br>| 4382544 | 119336673 | 108756321 | 30245432 | 1036319 | 46786987 | 6971364 | 245670868 | 7626011 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Dow Jones International Real <br> Estate ETF<br>| 420935 | 11533619 | 5334341 | 9910417 | 283716 | (398216)<br>| 257064 | 6843043 | 260647 |
| State Street SPDR Dow Jones REIT ETF | 281344 | 27132815 | 13121930 | 17719469 | 115401 | 818891 | 232441 | 23469568 | 610596 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR FTSE International Government <br> Inflation-Protected Bond ETF<br>| 638546 | 25465214 | 14348929 | 10185630 | (316363)<br>| (294616)<br>| 732766 | 29017534 | 797018 |
| State Street SPDR S&P Global Infrastructure ETF | 1736596 | 116928482 | 126489504 | 8448576 | 771546 | 18353917 | 3342474 | 254094873 | 2857185 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P Global Natural <br> Resources ETF<br>| 1942468 | 105359464 | 115022293 | 19136802 | 639095 | 51750526 | 3396740 | 253634576 | 2463805 |
| State Street SPDR S&P Metals & Mining ETF | 264311 | 17766985 | 30200587 | 28389809 | 712882 | 10087707 | 281255 | 30378352 | 86065 |
| Total |  | $546506739 | $1587685769 | $1281815622 | $3451519 | $140015040 |  | $995843445 | $17019193 |

---

*See accompanying notes to Schedule of Investments.*

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**STATE STREET INCOME ALLOCATION ETF**

**SCHEDULE OF INVESTMENTS**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 99.9%**  | **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 99.9%**  |  |
| **DOMESTIC EQUITY — 31.7%**  | **DOMESTIC EQUITY — 31.7%**  | **DOMESTIC EQUITY — 31.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schwab U.S. Dividend <br> Equity ETF (a)<br>| 176801 | &nbsp;&nbsp; $5424255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR ICE <br> Preferred Securities ETF (a) <br> (b)<br>| 131256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4047935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> S&P 500 High <br> Dividend ETF (a) (b)<br>| 119346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5432630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street U.S. Equity <br> Premium Income ETF (b)<br>| 220771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6739763 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21644583 |
| **DOMESTIC FIXED INCOME — 36.7%**  | **DOMESTIC FIXED INCOME — 36.7%**  | **DOMESTIC FIXED INCOME — 36.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Blackstone Senior <br> Loan ETF (a) (b)<br>| 103429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4151640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> 1-3 Month T-Bills ETF (a) <br> (b)<br>| &nbsp;&nbsp; 10237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 938119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> Convertible Securities ETF <br> (a) (b)<br>| &nbsp;&nbsp; 29882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2734801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> High Yield Bond ETF (b)<br>| &nbsp;&nbsp; 68360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6543419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Intermediate Term <br> Treasury ETF (a) (b)<br>| &nbsp;&nbsp; 25477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Long Term Corporate <br> Bond ETF (a) (b)<br>| &nbsp;&nbsp; 61837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1374018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Long Term Treasury ETF <br> (b)<br>| 327038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8601099 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25073267 |
| **INTERNATIONAL EQUITY — 15.7%**  | **INTERNATIONAL EQUITY — 15.7%**  | **INTERNATIONAL EQUITY — 15.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P <br> Global Infrastructure ETF <br> (a) (b)<br>| &nbsp;&nbsp; 96688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7350222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P <br> International Dividend ETF <br> (b)<br>| &nbsp;&nbsp; 75122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3425706 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10775928 |
| **INTERNATIONAL FIXED INCOME — 13.9%**  | **INTERNATIONAL FIXED INCOME — 13.9%**  | **INTERNATIONAL FIXED INCOME — 13.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> Emerging Markets Local <br> Bond ETF (b)<br>| 162007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3343824 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> Emerging Markets USD <br> Bond ETF (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 247432 | &nbsp;&nbsp; $6136314 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9480138 |
| **REAL ESTATE — 1.9%**  | **REAL ESTATE — 1.9%**  | **REAL ESTATE — 1.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Dow Jones <br> REIT ETF REIT (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1325938 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $67,350,690) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $67,350,690) | &nbsp;&nbsp;&nbsp;&nbsp; 68299854 |
| **SHORT-TERM INVESTMENTS — 30.5%**  | **SHORT-TERM INVESTMENTS — 30.5%**  | **SHORT-TERM INVESTMENTS — 30.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47930 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Navigator Securities <br> Lending Portfolio II (e) (f)<br>| 20805903 | &nbsp;&nbsp;&nbsp;&nbsp; 20805903 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM** <br> **INVESTMENTS**<br> (Cost $20,853,833)<br>|  | &nbsp;&nbsp; $20853833 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS —** <br> **130.4%**<br> (Cost $88,204,523)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 89153687 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS — (30.4)%**  |  | &nbsp;&nbsp;&nbsp; (20809742) |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; $68343945 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. | The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. |
| (a) | All or a portion of the shares of the security are on loan at <br> March 31, 2026.<br>|
| (b) | Affiliated fund managed by SSGA Funds Management, Inc. <br> Amounts related to these investments during the period <br> ended March 31, 2026 are shown in the Affiliate Table <br> below.<br>|
| (c) | The Fund invested in certain money market funds managed <br> by SSGA Funds Management, Inc. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (d) | The rate shown is the annualized seven-day yield at <br> March 31, 2026.<br>|
| (e) | The Fund invested in an affiliated entity. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (f) | Investment of cash collateral for securities loaned. |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET INCOME ALLOCATION ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Mutual Funds and Exchange Traded Products | &nbsp;&nbsp; $68299854 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $68299854 |
| Short-Term Investments | &nbsp;&nbsp; 20853833 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 20853833 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $89153687 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $89153687 |

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| State Street Blackstone Senior Loan ETF | 98253 | $4086342 | $1221223 | $1001024 | $(8957)<br>| $(145944)<br>| 103429 | $4151640 | $235033 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br> Class G Shares<br>| 36671 | 36671 | 2835170 | 2823911 |  |  | 47930 | 47930 | 4332 |
| State Street Navigator Securities Lending Portfolio II | 11747638 | 11747638 | 181600348 | 172542083 |  |  | 20805903 | 20805903 | 52506 |
| State Street SPDR Bloomberg 1-3 Month T-Bills ETF | 25559 | 2344527 | 1908032 | 3309205 | (805)<br>| (4430)<br>| 10237 | 938119 | 24864 |
| State Street SPDR Bloomberg Convertible Securities ETF | 33227 | 2746544 | 657049 | 958606 | 187507 | 102307 | 29882 | 2734801 | 34397 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg Emerging Markets Local <br> Bond ETF<br>| 161194 | 3449551 | 915277 | 879574 | (3365)<br>| (138065)<br>| 162007 | 3343824 | 148202 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg Emerging Markets USD <br> Bond ETF<br>| 251965 | 6200859 | 1611183 | 1698352 | 69886 | (47262)<br>| 247432 | 6136314 | 296171 |
| State Street SPDR Bloomberg High Yield Bond ETF | 69696 | 6779330 | 4990861 | 5125770 | 78787 | (179789)<br>| 68360 | 6543419 | 340517 |
| State Street SPDR Dow Jones REIT ETF | 48098 | 4638571 | 520183 | 3973417 | 89227 | 51374 | 13132 | 1325938 | 61917 |
| State Street SPDR ICE Preferred Securities ETF | 128189 | 4071282 | 1179074 | 1071677 | (35622)<br>| (95122)<br>| 131256 | 4047935 | 210013 |
| State Street SPDR Portfolio Intermediate Term Treasury ETF | 59169 | 1702292 | 754301 | 1718306 | 14551 | (22667)<br>| 25477 | 730171 | 7453 |
| State Street SPDR Portfolio Long Term Corporate Bond ETF | 57166 | 1290237 | 1564606 | 1429397 | 13022 | (64450)<br>| 61837 | 1374018 | 27663 |
| State Street SPDR Portfolio Long Term Treasury ETF | 355231 | 9442040 | 8352031 | 9012930 | (364347)<br>| 184305 | 327038 | 8601099 | 240625 |
| State Street SPDR Portfolio S&P 500 High Dividend ETF | 91329 | 3876003 | 6054415 | 4966798 | 437447 | 31563 | 119346 | 5432630 | 248588 |
| State Street SPDR S&P Global Infrastructure ETF | 91914 | 6188754 | 2534389 | 2145463 | 389792 | 382750 | 96688 | 7350222 | 106719 |
| State Street SPDR S&P International Dividend ETF |  |  | 5106106 | 1830812 | 88873 | 61539 | 75122 | 3425706 | 62059 |
| State Street U.S. Equity Premium Income ETF | 229532 | 6826259 | 1947002 | 2175799 | 38841 | 103460 | 220771 | 6739763 | 245922 |
| Total |  | $75426900 | $223751250 | $216663124 | $994837 | $219569 |  | $83729432 | $2346981 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET GLOBAL ALLOCATION ETF**

**SCHEDULE OF INVESTMENTS**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 99.3% (a)** | **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 99.3% (a)** |  |
| **DOMESTIC EQUITY — 31.2%**  | **DOMESTIC EQUITY — 31.2%**  | **DOMESTIC EQUITY — 31.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> S&P 600 Small Cap ETF <br> (b)<br>| &nbsp;&nbsp;&nbsp; 177692 | &nbsp;&nbsp; $8586077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P 500 <br> ETF Trust<br>| &nbsp;&nbsp;&nbsp; 116358 | &nbsp;&nbsp;&nbsp;&nbsp; 75672262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P <br> MidCap 400 ETF Trust (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5595864 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 89854203 |
| **DOMESTIC FIXED INCOME — 29.9%**  | **DOMESTIC FIXED INCOME — 29.9%**  | **DOMESTIC FIXED INCOME — 29.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Blackstone Senior <br> Loan ETF (b)<br>| &nbsp;&nbsp;&nbsp; 182608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7329885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> Enhanced Roll Yield <br> Commodity Strategy No. <br> K-1 ETF<br>| &nbsp;&nbsp;&nbsp; 533496 | &nbsp;&nbsp;&nbsp;&nbsp; 18800399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> High Yield Bond ETF<br>| &nbsp;&nbsp;&nbsp;&nbsp; 76530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7325452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> International Treasury <br> Bond ETF (b)<br>| &nbsp;&nbsp;&nbsp; 353517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7759698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Aggregate Bond ETF (b)<br>| 1186027 | &nbsp;&nbsp;&nbsp;&nbsp; 30386012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Long Term Corporate <br> Bond ETF (b)<br>| &nbsp;&nbsp;&nbsp; 390230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8670910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Long Term Treasury ETF<br>| &nbsp;&nbsp;&nbsp; 218994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5759542 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 86031898 |
| **INFLATION LINKED — 4.1%**  | **INFLATION LINKED — 4.1%**  | **INFLATION LINKED — 4.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> 1-10 Year TIPS ETF<br>| &nbsp;&nbsp;&nbsp; 612606 | &nbsp;&nbsp;&nbsp;&nbsp; 11755909 |
| **INTERNATIONAL EQUITY — 26.6%**  | **INTERNATIONAL EQUITY — 26.6%**  | **INTERNATIONAL EQUITY — 26.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Developed World ex-U.S. <br> ETF (b)<br>| &nbsp;&nbsp;&nbsp; 920176 | &nbsp;&nbsp;&nbsp;&nbsp; 42006035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Emerging Markets ETF (b)<br>| &nbsp;&nbsp;&nbsp; 556175 | &nbsp;&nbsp;&nbsp;&nbsp; 26090169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR S&P <br> International Small <br> Cap ETF (b)<br>| &nbsp;&nbsp;&nbsp; 201984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8529784 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 76625988 |
| **INTERNATIONAL FIXED INCOME — 7.5%**  | **INTERNATIONAL FIXED INCOME — 7.5%**  | **INTERNATIONAL FIXED INCOME — 7.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> Emerging Markets Local <br> Bond ETF<br>| &nbsp;&nbsp;&nbsp; 205859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4248930 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> Emerging Markets USD <br> Bond ETF<br>| &nbsp;&nbsp;&nbsp;&nbsp; 348474 | &nbsp;&nbsp; $8642155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> International Corporate <br> Bond ETF (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 274717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8538204 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21429289 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $253,996,794) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $253,996,794) | &nbsp;&nbsp;&nbsp; 285697287 |
| **SHORT-TERM INVESTMENTS — 9.2%**  | **SHORT-TERM INVESTMENTS — 9.2%**  | **SHORT-TERM INVESTMENTS — 9.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (c) (d)<br>| &nbsp;&nbsp; 1920638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1920638 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Navigator Securities <br> Lending Portfolio II (e) (f)<br>| 24649229 | &nbsp;&nbsp;&nbsp;&nbsp; 24649229 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM** <br> **INVESTMENTS**<br> (Cost $26,569,867)<br>|  | &nbsp;&nbsp; $26569867 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS —** <br> **108.5%**<br> (Cost $280,566,661)<br>|  | &nbsp;&nbsp;&nbsp; 312267154 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS — (8.5)%**  |  | &nbsp;&nbsp;&nbsp; (24407313) |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; $287859841 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. | The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. |
| (a) | Affiliated fund managed by SSGA Funds Management, Inc. <br> Amounts related to these investments during the period <br> ended March 31, 2026 are shown in the Affiliate Table <br> below.<br>|
| (b) | All or a portion of the shares of the security are on loan at <br> March 31, 2026.<br>|
| (c) | The Fund invested in certain money market funds managed <br> by SSGA Funds Management, Inc. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (d) | The rate shown is the annualized seven-day yield at <br> March 31, 2026.<br>|
| (e) | The Fund invested in an affiliated entity. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (f) | Investment of cash collateral for securities loaned. |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET GLOBAL ALLOCATION ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Mutual Funds and Exchange Traded Products | &nbsp;&nbsp; $285697287 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $285697287 |
| Short-Term Investments | &nbsp;&nbsp; 26569867 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 26569867 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $312267154 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $312267154 |

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| State Street Blackstone Senior Loan ETF | 154293 | $6417046 | $1554806 | $397808 | $1928 | $(246087)<br>| 182608 | $7329885 | $376881 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Communication Services Select Sector <br> SPDR ETF<br>| 49159 | 5335226 | 27601 | 5333171 | 305164 | (334820)<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Consumer Discretionary Select Sector <br> SPDR ETF<br>|  |  | 5246171 | 5313678 | 67507 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Consumer Staples Select Sector SPDR <br> ETF<br>| 62368 | 5049937 | 148237 | 5273530 | 67647 | 7709 |  |  |  |
| State Street Health Care Select Sector SPDR ETF | 37957 | 5116224 | 9136 | 5195066 | 64454 | 5252 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market <br> Fund, Class G Shares<br>| 8861447 | 8861447 | 23427535 | 30368344 |  |  | 1920638 | 1920638 | 302021 |
| State Street Navigator Securities Lending Portfolio II | 30268752 | 30268752 | 1883655908 | 1889275431 |  |  | 24649229 | 24649229 | 116267 |
| State Street SPDR Bloomberg 1-10 Year TIPS ETF | 539336 | 10322891 | 2176604 | 769858 | 11330 | 14942 | 612606 | 11755909 | 258283 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg Emerging Markets Local <br> Bond ETF<br>| 182180 | 3898652 | 763618 | 259174 | 20247 | (174413)<br>| 205859 | 4248930 | 171198 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg Emerging Markets USD <br> Bond ETF<br>| 316524 | 7789656 | 1421339 | 609676 | 29465 | 11371 | 348474 | 8642155 | 381220 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg Enhanced Roll Yield <br> Commodity Strategy No. K-1 ETF<br>| 233458 | 6357061 | 15483929 | 6425838 | 377185 | 3008062 | 533496 | 18800399 | 395805 |
| State Street SPDR Bloomberg High Yield Bond ETF | 79722 | 7754559 | 12983169 | 13379753 | 114861 | (147384)<br>| 76530 | 7325452 | 378772 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg International Corporate <br> Bond ETF<br>| 242543 | 7904476 | 1605776 | 577446 | 64447 | (459049)<br>| 274717 | 8538204 | 145578 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg International Treasury <br> Bond ETF<br>| 221473 | 5202401 | 7978881 | 5151225 | (11807)<br>| (258552)<br>| 353517 | 7759698 | 19274 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Dow Jones International Real <br> Estate ETF<br>| 141710 | 3882854 | 43780 | 3871579 | 129668 | (184723)<br>|  |  | 13828 |
| State Street SPDR Dow Jones REIT ETF | 90614 | 8738814 | 52588 | 8859543 | 60635 | 7506 |  |  | 13300 |
| State Street SPDR Portfolio Aggregate Bond ETF | 1671132 | 42780979 | 34315150 | 46432693 | 738903 | (1016327)<br>| 1186027 | 30386012 | 596165 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio Developed World ex-US <br> ETF<br>| 567095 | 22961677 | 28038968 | 13456958 | 2508245 | 1954103 | 920176 | 42006035 | 769343 |
| State Street SPDR Portfolio Emerging Markets ETF | 451595 | 19301170 | 7780535 | 3227780 | 480847 | 1755397 | 556175 | 26090169 | 399531 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio Intermediate Term <br> Corporate Bond ETF<br>| 115455 | 3876979 | 4168014 | 8090177 | 98104 | (52920)<br>|  |  | 87464 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio Long Term Corporate <br> Bond ETF<br>| 405905 | 9161276 | 9216698 | 9486253 | 177018 | (397829)<br>| 390230 | 8670910 | 180119 |
| State Street SPDR Portfolio Long Term Treasury ETF | 98569 | 2619964 | 20695134 | 17288930 | (180152)<br>| (86474)<br>| 218994 | 5759542 | 202784 |
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 149944 | 6387615 | 12163840 | 11178467 | 366965 | 846124 | 177692 | 8586077 | 143669 |
| State Street SPDR S&P 500 ETF Trust | 72105 | 44550074 | 49931892 | 22160643 | 4887189 | (1536250)<br>| 116358 | 75672262 | 714471 |
| State Street SPDR S&P International Small Cap ETF | 210260 | 7817467 | 1215758 | 1545678 | 209625 | 832612 | 201984 | 8529784 | 138535 |
| State Street SPDR S&P MidCap 400 ETF Trust | 9084 | 5145904 | 937534 | 956551 | 189772 | 279205 | 9073 | 5595864 | 48294 |
| Total |  | $287503101 | $2125042601 | $2114885250 | $10779247 | $3827455 |  | $312267154 | $5852802 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **SENIOR FLOATING RATE LOANS — 37.8%**  | **SENIOR FLOATING RATE LOANS — 37.8%**  | **SENIOR FLOATING RATE LOANS — 37.8%**  |
| **ADVERTISING SERVICES — 0.7%**  | **ADVERTISING SERVICES — 0.7%**  | **ADVERTISING SERVICES — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Neptune Bidco U.S., Inc.<br> 2026 USD Term Loan B 3 mo. <br> USD Term SOFR + 5.00%, <br> 8.76%, 2/3/2033 (a)<br>| $2800000 | &nbsp;&nbsp; $2676800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Planet U.S. Buyer LLC<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, 6.67%, <br> 2/7/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218982 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wasserman Media Group LLC<br> Repriced Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 6/23/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 921752 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3817534 |
| **AEROSPACE & DEFENSE — 1.3%**  | **AEROSPACE & DEFENSE — 1.3%**  | **AEROSPACE & DEFENSE — 1.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Comm Corp. LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 12/11/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Propulsion BC Finco SARL<br> 2025 Repriced Term Loan B 3 <br> mo. USD Term SOFR + <br> 2.50%, 6.20%, 12/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250401 |
| TransDigm, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan J 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 2/28/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan L 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 1/19/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan K 1 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 3/22/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3419319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3423200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan M 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 8/19/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2236269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2238740 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6908445 |
| **AIRLINES — 0.9%**  | **AIRLINES — 0.9%**  | **AIRLINES — 0.9%**  |
| American Airlines, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 4/20/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2351330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2333695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 3 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 5/28/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 876957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870490 |
| &nbsp;&nbsp;&nbsp;&nbsp; JetBlue Airways Corp.<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 4.75%, 8.44%, <br> 8/27/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1849867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700952 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4905137 |
| **APPAREL — 0.2%**  | **APPAREL — 0.2%**  | **APPAREL — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC<br> USD Term Loan B 3 mo. USD <br> Term SOFR + 3.25%, 6.95%, <br> 9/12/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851055 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **AUTO PARTS & EQUIPMENT — 0.4%**  | **AUTO PARTS & EQUIPMENT — 0.4%**  | **AUTO PARTS & EQUIPMENT — 0.4%**  |
| Tenneco, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan A 3 mo. USD <br> Term SOFR + 4.75%, <br> 8.51%, 11/17/2028 (a)<br>| $291627 | &nbsp;&nbsp; $284775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B 3 mo. USD <br> Term SOFR + 5.00%, <br> 8.76%, 11/17/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1660801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1623433 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1908208 |
| **BEVERAGES — 0.3%**  | **BEVERAGES — 0.3%**  | **BEVERAGES — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Primo Brands Corp.<br> 2026 Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1704777 |
| **BIOTECHNOLOGY — 0.2%**  | **BIOTECHNOLOGY — 0.2%**  | **BIOTECHNOLOGY — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Genmab AS<br> Term Loan B 3 mo. USD Term <br> SOFR + 3.00%, 6.70%, <br> 12/13/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904428 |
| **BUILDING MATERIALS — 0.1%**  | **BUILDING MATERIALS — 0.1%**  | **BUILDING MATERIALS — 0.1%**  |
| EMRLD Borrower LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B 3 mo. USD <br> Term SOFR + 2.25%, <br> 5.95%, 8/4/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B 3 mo. USD Term <br> SOFR + 2.25%, 5.92%, <br> 5/31/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Icebox Holdco III, Inc.<br> 2021 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 12/22/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Potters Industries LLC<br> 2025 Repriced Term Loan B 3 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 12/23/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.<br> 2024 Term Loan B2 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 3/19/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 637 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514211 |
| **CHEMICALS — 0.1%**  | **CHEMICALS — 0.1%**  | **CHEMICALS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; SCIH Salt Holdings, Inc.<br> 2025 Repriced Term Loan B 6 <br> mo. USD Term SOFR + <br> 2.75%, 6.35%, 1/31/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488099 |
| **COMMERCIAL SERVICES — 3.7%**  | **COMMERCIAL SERVICES — 3.7%**  | **COMMERCIAL SERVICES — 3.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adtalem Global Education, Inc.<br> 2026 Term Loan B 1 mo. USD <br> Term SOFR + 2.25%, 5.92%, <br> 2/4/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Albion Financing 3 SARL<br> 2025 USD Term Loan 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.66%, 5/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC<br> 2025 USD Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 8/20/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2612862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2616128 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Ankura Consulting Group LLC<br> 2024 Repriced Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.50%, 7.17%, 12/29/2031 (a)<br>| $1085465 | &nbsp;&nbsp; $1039333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Anticimex International AB<br> 2025 USD Term Loan 3 mo. <br> USD Term SOFR + 2.90%, <br> 6.56%, 11/17/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529981 |
| &nbsp;&nbsp;&nbsp;&nbsp; CHG Healthcare Services, Inc.<br> 2025 Term Loan B1 3 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 9/29/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Creative Artists Agency LLC<br> 2025 Repriced Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 10/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 722622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 723016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ensemble RCM LLC<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, 6.70%, <br> 2/9/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2483425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2459622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fugue Finance BV<br> 2026 USD Term Loan B 3 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 1/9/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 601315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genuine Financial Holdings LLC<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 9/27/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1370570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1183144 |
| &nbsp;&nbsp;&nbsp;&nbsp; ION Platform Finance U.S., Inc.<br> USD Term Loan 3 mo. USD <br> Term SOFR + 3.75%, 7.45%, <br> 10/7/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 867694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 702107 |
| &nbsp;&nbsp;&nbsp;&nbsp; KUEHG Corp.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, 6.45%, <br> 6/12/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1333348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mavis Tire Express Services <br> Corp.<br> 2025 Repriced Term Loan 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 5/4/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2055071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2055852 |
| &nbsp;&nbsp;&nbsp;&nbsp; OMNIA Partners LLC<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 2.75%, 6.43%, <br> 12/31/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1044501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1044939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Parexel International Corp.<br> 2025 Repriced Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 12/12/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1945125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1941069 |
| Raven Acquisition Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, <br> 11/19/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B 1 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 11/19/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1704434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1674147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thevelia U.S. LLC<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, 6.70%, <br> 6/18/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139327 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc.<br> 2025 Repriced Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 1/30/2031 (a)<br>| $498669 | &nbsp;&nbsp; $495268 |
| &nbsp;&nbsp;&nbsp;&nbsp; XPLOR T1 LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 3.50%, 7.17%, <br> 12/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695878 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 19893155 |
| **COMPUTERS — 1.6%**  | **COMPUTERS — 1.6%**  | **COMPUTERS — 1.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Access CIG LLC<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 4.00%, 7.70%, <br> 8/19/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1887800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1716322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ahead DB Holdings LLC<br> 2024 Term Loan B4 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.20%, 2/3/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bingo Holdings I LLC<br> Term Loan B 3 mo. USD Term <br> SOFR + 4.75%, 8.45%, <br> 6/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC<br> Term Loan B 1 mo. USD Term <br> SOFR + 4.00%, 7.68%, <br> 12/9/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1281459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1230201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Imprivata, Inc.<br> 2025 Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, 6.70%, <br> 12/1/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96595 |
| &nbsp;&nbsp;&nbsp;&nbsp; McAfee LLC<br> 2024 USD 1st Lien Term Loan <br> B 1 mo. USD Term SOFR + <br> 3.00%, 6.67%, 3/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1846911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1655294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peraton Corp.<br> Term Loan B 3 mo. USD Term <br> SOFR + 3.75%, 7.52%, <br> 2/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Perforce Software, Inc.<br> 2024 Term Loan 1 mo. USD <br> Term SOFR + 4.75%, 8.42%, <br> 7/2/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 857516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ping Identity Corp.<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 11/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1384250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Surf Holdings LLC<br> 2025 Incremental Term Loan 1 <br> mo. USD Term SOFR + <br> 3.50%, 7.28%, 3/5/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virtusa Corp.<br> 2024 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 2/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448239 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8598801 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **CONSTRUCTION & ENGINEERING — 1.0%**  | **CONSTRUCTION & ENGINEERING — 1.0%**  | **CONSTRUCTION & ENGINEERING — 1.0%**  |
| Azuria Water Solutions, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Delayed Draw Term <br> Loan (b)<br>| $282353 | &nbsp;&nbsp; $280235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2117647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2101765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackfin Pipeline LLC<br> Term Loan B 1 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 9/29/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cube Industrials Buyer, Inc.<br> 2025 Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, 6.67%, <br> 10/17/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138834 |
| &nbsp;&nbsp;&nbsp;&nbsp; DG Investment Intermediate <br> Holdings 2, Inc.<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 7/9/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1937200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1938411 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radar Bidco SARL<br> 2026 USD Repriced Term <br> Loan 3 mo. USD Term SOFR <br> + 2.75%, 6.41%, 4/4/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746662 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5706750 |
| **CONSTRUCTION MATERIALS — 0.1%**  | **CONSTRUCTION MATERIALS — 0.1%**  | **CONSTRUCTION MATERIALS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.25%, 5.92%, <br> 2/10/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 688700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 688269 |
| **CONTAINERS & PACKAGING — 0.9%**  | **CONTAINERS & PACKAGING — 0.9%**  | **CONTAINERS & PACKAGING — 0.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Berlin Packaging LLC<br> 2025 Term Loan B7 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.91%, 6/7/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 737991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, <br> Inc.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 4/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iris Holding, Inc.<br> Term Loan 3 mo. USD Term <br> SOFR + 4.75%, 8.52%, <br> 6/28/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 447911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Proampac PG Borrower LLC<br> 2026 USD Term Loan B 1 mo. <br> USD Term SOFR + 4.00%, <br> 7.78%, 3/7/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2376160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300717 |
| &nbsp;&nbsp;&nbsp;&nbsp; SupplyOne, Inc.<br> 2024 Term Loan B 1 mo. USD <br> Term SOFR + 3.50%, 7.17%, <br> 4/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280919 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trident TPI Holdings, Inc.<br> 2024 Term Loan B7 3 mo. <br> USD Term SOFR + 3.75%, <br> 7.45%, 9/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 936782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889502 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4673095 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **COSMETICS & TOILETRIES — 0.1%**  | **COSMETICS & TOILETRIES — 0.1%**  | **COSMETICS & TOILETRIES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Opal Bidco SAS<br> USD Term Loan B4 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.70%, 4/28/2032 (a)<br>| $712481 | &nbsp;&nbsp; $712926 |
| **DISTRIBUTION/WHOLESALE — 0.3%**  | **DISTRIBUTION/WHOLESALE — 0.3%**  | **DISTRIBUTION/WHOLESALE — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BCPE Empire Holdings, Inc.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 12/11/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fluid-Flow Products, Inc.<br> 2026 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 3/4/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 956182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 957377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Openlane, Inc.<br> Term Loan B 3 mo. USD Term <br> SOFR + 2.50%, 6.14%, <br> 10/8/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 751 |
| S&S Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan 1 mo. USD <br> Term SOFR + 5.00%, <br> 8.68%, 10/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan 1 mo. USD Term <br> SOFR + 5.00%, 8.78%, <br> 3/11/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21346 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1427779 |
| **DIVERSIFIED FINANCIAL SERVICES — 2.8%**  | **DIVERSIFIED FINANCIAL SERVICES — 2.8%**  | **DIVERSIFIED FINANCIAL SERVICES — 2.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Apex Group Treasury LLC<br> 2025 USD Term Loan B 3 mo. <br> USD Term SOFR + 3.50%, <br> 7.17%, 2/27/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc.<br> 2025 Repriced Term Loan 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 8/9/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1716207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1696994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chicago U.S. Midco III LP<br> Term Loan 1 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 11/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citco Funding LLC<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 2.00%, 5.67%, <br> 1/30/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248742 |
| Edelman Financial Center LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan 1 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 10/6/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 4/7/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 881755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 881927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Focus Financial Partners LLC<br> 2025 Incremental Term Loan <br> B 1 mo. USD Term SOFR + <br> 2.50%, 6.17%, 9/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2532291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2456183 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; GTCR Everest Borrower LLC<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 2.50%, 6.20%, <br> 9/5/2031 (a)<br>| $665728 | &nbsp;&nbsp; $661781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hudson River Trading LLC<br> 2026 Repriced Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.50%, 6.18%, 3/18/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1439534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1435337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jane Street Group LLC<br> 2024 Term Loan B1 3 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 12/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2187117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2149838 |
| &nbsp;&nbsp;&nbsp;&nbsp; June Purchaser LLC<br> Term Loan 3 mo. USD Term <br> SOFR + 2.75%, 6.45%, <br> 11/28/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jupiter Borrower, Inc.<br> Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kestra Advisor Services Holdings <br> A, Inc.<br> 2024 Repriced Term Loan 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 3/22/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Osaic Holdings, Inc.<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 2.50%, 6.20%, <br> 7/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1769742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Superannuation & Investments <br> U.S. LLC<br> 2026 Term Loan 1 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 12/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15274706 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.7%**  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.7%**  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.7%**  |
| Delta TopCo, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan 1 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 11/29/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 888583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 784912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 11/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 706987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vantor Holdings, Inc.<br> 1st Lien Term Loan 3 mo. <br> USD Term SOFR + 4.50%, <br> 8.17%, 3/3/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2455475 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3925889 |
| **ELECTRONICS — 0.1%**  | **ELECTRONICS — 0.1%**  | **ELECTRONICS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; LSF12 Crown U.S. Commercial <br> Bidco LLC<br> 2026 Term Loan B 1 mo. USD <br> Term SOFR + 3.00%, 6.67%, <br> 12/2/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415638 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle Buyer LLC<br> Term Loan 3 mo. USD Term <br> SOFR + 2.50%, 6.16%, <br> 10/1/2032 (a)<br>| $33805 | &nbsp;&nbsp; $33885 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449523 |
| **ENTERTAINMENT — 0.7%**  | **ENTERTAINMENT — 0.7%**  | **ENTERTAINMENT — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Finance U.S., Inc.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 4.50%, 8.17%, <br> 12/2/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480560 |
| &nbsp;&nbsp;&nbsp;&nbsp; EOC Borrower LLC<br> Term Loan B 1 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 3/24/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flutter Financing BV<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 1.75%, 5.45%, <br> 11/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535654 |
| &nbsp;&nbsp;&nbsp;&nbsp; GVC Holdings (Gibraltar) Ltd.<br> 2025 Term Loan B6 (2029) 3 <br> mo. USD Term SOFR + <br> 2.25%, 5.95%, 10/31/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Herschend Entertainment Co. <br> LLC<br> 2026 Term Loan B 1 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 5/27/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89857 |
| &nbsp;&nbsp;&nbsp;&nbsp; Scientific Games Holdings LP<br> 2024 USD Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.65%, 4/4/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480857 |
| &nbsp;&nbsp;&nbsp;&nbsp; TKO Worldwide Holdings LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.00%, 5.66%, <br> 11/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voyager Parent LLC<br> Repriced Term Loan B 3 mo. <br> USD Term SOFR + 4.25%, <br> 7.95%, 7/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1376192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1368596 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4006633 |
| **ENVIRONMENTAL CONTROL — 0.1%**  | **ENVIRONMENTAL CONTROL — 0.1%**  | **ENVIRONMENTAL CONTROL — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison IAQ LLC<br> 2025 Repriced Term Loan 6 <br> mo. USD Term SOFR + <br> 2.75%, 6.38%, 11/8/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397156 |
| **FINANCIAL SERVICES — 0.1%**  | **FINANCIAL SERVICES — 0.1%**  | **FINANCIAL SERVICES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ascensus Group Holdings, Inc.<br> 2024 Term Loan B 1 mo. USD <br> Term SOFR + 3.00%, 6.67%, <br> 11/25/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chrysaor Bidco SARL<br> 2025 USD Term Loan B 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.90%, 10/30/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348724 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699792 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **FOOD PRODUCTS — 0.6%**  | **FOOD PRODUCTS — 0.6%**  | **FOOD PRODUCTS — 0.6%**  |
| Froneri Lux Finco SARL: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B4 6 <br> mo. USD Term SOFR + <br> 2.25%, 5.88%, 9/30/2031 <br> (a)<br>| $734674 | &nbsp;&nbsp; $721244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B6 6 <br> mo. USD Term SOFR + <br> 2.25%, 5.88%, 9/30/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1232628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1211144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nomad Foods Europe Midco Ltd.<br> 2025 USD Term Loan B 6 mo. <br> USD Term SOFR + 2.50%, <br> 6.28%, 10/28/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515374 |
| &nbsp;&nbsp;&nbsp;&nbsp; PFI Lower Midco LLC<br> Term Loan B 1 mo. USD Term <br> SOFR + 4.00%, 7.67%, <br> 12/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Snacking Investments Bidco Pty. <br> Ltd.<br> 2025 Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, 6.67%, <br> 10/29/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solina Bidco<br> 2025 USD Term Loan B 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 3/12/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283608 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3382810 |
| **GROUND TRANSPORTATION — 0.4%**  | **GROUND TRANSPORTATION — 0.4%**  | **GROUND TRANSPORTATION — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AIT Worldwide Logistics, Inc.<br> 2025 Repriced Term Loan 3 <br> mo. USD Term SOFR + <br> 4.00%, 7.67%, 4/8/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 941612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 944555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC<br> 2025 Term Loan B 3 mo. USD <br> Term SOFR + 2.25%, 5.92%, <br> 4/9/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Worldwide Express <br> Operations LLC<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 4.00%, 7.70%, <br> 7/26/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 980012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982001 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2126026 |
| **HEALTH CARE EQUIPMENT & SUPPLIES — 0.3%**  | **HEALTH CARE EQUIPMENT & SUPPLIES — 0.3%**  | **HEALTH CARE EQUIPMENT & SUPPLIES — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Auris Luxembourg III SARL<br> 2026 USD Term Loan B 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.95%, 2/28/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440046 |
| Hanger, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term <br> Loan 1 mo. USD Term <br> SOFR + 3.50%, 7.17%, <br> 10/23/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B 1 mo. USD <br> Term SOFR + 3.50%, <br> 7.17%, 10/23/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382957 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Medline Borrower LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan <br> B 1 mo. USD Term SOFR + <br> 1.75%, 5.42%, 10/23/2030 <br> (a)<br>| $529430 | &nbsp;&nbsp; $530669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 1 mo. USD <br> Term SOFR + 1.75%, <br> 5.42%, 10/23/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Resonetics LLC<br> 2025 Repriced Term Loan B 3 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 6/18/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41024 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1487653 |
| **HEALTH CARE PROVIDERS & SERVICES — 1.6%**  | **HEALTH CARE PROVIDERS & SERVICES — 1.6%**  | **HEALTH CARE PROVIDERS & SERVICES — 1.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Medical Response, Inc.<br> 2025 Term Loan B 3 mo. USD <br> Term SOFR + 3.50%, 7.17%, <br> 10/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3191629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3185644 |
| &nbsp;&nbsp;&nbsp;&nbsp; MED ParentCo LP<br> 2025 Repriced Term Loan B 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 4/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Midwest Physician Administrative <br> Services LLC<br> 2021 Term Loan 3 mo. USD <br> Term SOFR + 3.00%, 6.96%, <br> 3/12/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2061621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1772994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Onex TSG Intermediate Corp.<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 3.25%, 6.95%, <br> 8/6/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1054112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Outcomes Group Holdings, Inc.<br> 2025 Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, 6.67%, <br> 5/6/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radiology Partners, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 4.50%, 8.20%, <br> 6/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2189387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2160848 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Fertility Enterprises LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 3.50%, 7.17%, <br> 12/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74250 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8571972 |
| **HOME FURNISHINGS — 0.4%**  | **HOME FURNISHINGS — 0.4%**  | **HOME FURNISHINGS — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AI Aqua Merger Sub, Inc.<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 2.50%, 6.16%, <br> 7/31/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2423252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2420598 |
| **HOUSEWARES — 0.2%**  | **HOUSEWARES — 0.2%**  | **HOUSEWARES — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Greetings Corp.<br> 2024 Term Loan B 1 mo. USD <br> Term SOFR + 5.75%, 9.42%, <br> 10/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582522 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Hunter Douglas, Inc.<br> 2025 USD Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.70%, 1/20/2032 (a)<br>| $621711 | &nbsp;&nbsp; $619833 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1202355 |
| **INSURANCE — 2.1%**  | **INSURANCE — 2.1%**  | **INSURANCE — 2.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC<br> 2024 1st Lien Term Loan B6 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 11/6/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 679390 |
| Alera Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Term Loan 1 <br> mo. USD Term SOFR + <br> 5.50%, 9.18%, 5/30/2033 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 5/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1150231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1118008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings <br> Intermediate LLC<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 9/19/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244 |
| &nbsp;&nbsp;&nbsp;&nbsp; AmWINS Group, Inc.<br> 2026 Term Loan B 1 mo. USD <br> Term SOFR + 2.00%, 5.67%, <br> 1/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1007 |
| Asurion LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan <br> B4 1 mo. USD Term SOFR <br> + 5.25%, 9.03%, 1/20/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1136704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1131123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B13 1 mo. <br> USD Term SOFR + 4.25%, <br> 7.92%, 9/19/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B14 1 mo. <br> USD Term SOFR + 3.75%, <br> 7.42%, 2/23/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baldwin Insurance Group <br> Holdings LLC<br> 2025 Term Loan B2 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.18%, 5/26/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 638914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadstreet Partners, Inc.<br> 2024 Term Loan B4 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 6/13/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2518391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2460632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howden Group Holdings Ltd.<br> 2025 USD Term Loan B 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 2/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2128354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2066684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyperion Insurance Group Ltd.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 4/18/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192543 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sedgwick Claims Management <br> Services, Inc.<br> 2023 Term Loan B 1 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 7/31/2031 (a)<br>| $702674 | &nbsp;&nbsp; $690880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trucordia Insurance <br> Holdings LLC<br> Term Loan B 1 mo. USD Term <br> SOFR + 3.25%, 6.92%, <br> 6/17/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644262 |
| Truist Insurance Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B 3 mo. USD <br> Term SOFR + 2.75%, <br> 6.45%, 5/6/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2nd Lien Term Loan 3 mo. <br> USD Term SOFR + 4.75%, <br> 8.45%, 5/6/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 555096 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11616685 |
| **INTERNET & TELECOM — 1.0%**  | **INTERNET & TELECOM — 1.0%**  | **INTERNET & TELECOM — 1.0%**  |
| MH Sub I LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan 1 mo. USD <br> Term SOFR + 4.25%, <br> 7.92%, 5/3/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1484420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1280312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4 1 mo. <br> USD Term SOFR + 4.25%, <br> 7.92%, 12/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newfold Digital Holdings Group, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 New Money Tranche A <br> Term Loan 1 mo. USD Term <br> SOFR + 5.75%, 9.42%, <br> 4/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Tranche A Term Loan 1 <br> mo. USD Term SOFR + <br> 3.50%, 7.27%, 4/30/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Tranche B Term Loan 1 <br> mo. USD Term SOFR + <br> 3.50%, 7.27%, 4/30/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17802 |
| &nbsp;&nbsp;&nbsp;&nbsp; Plano HoldCo, Inc.<br> Term Loan B 3 mo. USD Term <br> SOFR + 3.50%, 7.20%, <br> 10/2/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Proofpoint, Inc.<br> 2025 Repriced Term Loan 3 <br> mo. USD Term SOFR + <br> 3.00%, 6.70%, 8/31/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2043564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1981409 |
| &nbsp;&nbsp;&nbsp;&nbsp; PUG LLC<br> 2024 Extended Term Loan B 1 <br> mo. USD Term SOFR + <br> 4.75%, 8.42%, 3/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408811 |
| &nbsp;&nbsp;&nbsp;&nbsp; TripAdvisor, Inc.<br> Term Loan 1 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 7/8/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 810619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771438 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5328160 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **INVESTMENT COMPANIES — 0.0%** <sup>\*</sup>  | **INVESTMENT COMPANIES — 0.0%** <sup>\*</sup>  | **INVESTMENT COMPANIES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; AAL Delaware Holdco, Inc.<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 7/30/2031 (a)<br>| $33884 | &nbsp;&nbsp; $33896 |
| **LEISURE TIME — 0.1%**  | **LEISURE TIME — 0.1%**  | **LEISURE TIME — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; GBT U.S. III LLC<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 2.00%, 5.67%, <br> 7/25/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662703 |
| **LODGING — 0.6%**  | **LODGING — 0.6%**  | **LODGING — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC<br> 2022 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 1/27/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2696896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2649700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turquoise Topco Ltd.<br> Term Loan B 3 mo. USD Term <br> SOFR + 0.19%, 6.94%, <br> 12/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479730 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3129430 |
| **MACHINERY — 0.5%**  | **MACHINERY — 0.5%**  | **MACHINERY — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arcline FM Holdings LLC<br> 2025 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 2.75%, 6.45%, 6/23/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pro Mach Group, Inc.<br> 2025 1st Lien Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 10/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498464 |
| TK Elevator Midco GmbH: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B 6 mo. <br> USD Term SOFR + 2.75%, <br> 6.38%, 4/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1190604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1194491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91109 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2533269 |
| **MACHINERY-CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  | **MACHINERY-CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  | **MACHINERY-CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; WEC U.S. Holdings Ltd.<br> 2024 Term Loan 1 mo. USD <br> Term SOFR + 2.00%, 5.67%, <br> 1/27/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742 |
| **MEDIA — 1.0%**  | **MEDIA — 1.0%**  | **MEDIA — 1.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Altice France SA<br> 2025 USD Term Loan B14 3 <br> mo. USD Term SOFR + <br> 6.88%, 10.55%, 5/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3012192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cogeco Communications <br> Finance USA LP<br> 2023 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 9/18/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199517 |
| Coral-U.S. Co-Borrower LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B6 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.79%, 10/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 908520 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B7 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 1/31/2032 (a)<br>| $262818 | &nbsp;&nbsp; $258713 |
| &nbsp;&nbsp;&nbsp;&nbsp; DirecTV Financing LLC<br> 2024 Term Loan 3 mo. USD <br> Term SOFR + 5.25%, 9.18%, <br> 8/2/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 819250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 822601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gray Television, Inc.<br> 2021 Term Loan D 1 mo. USD <br> Term SOFR + 3.00%, 6.78%, <br> 12/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radiate Holdco LLC<br> 2025 FLFO Term Loan 1 mo. <br> USD Term SOFR + 3.50%, <br> 7.28%, 9/25/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5243538 |
| **MISCELLANEOUS MANUFACTURER — 0.2%**  | **MISCELLANEOUS MANUFACTURER — 0.2%**  | **MISCELLANEOUS MANUFACTURER — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; CoorsTek, Inc.<br> Term Loan B 3 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 10/28/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Touchdown Acquirer, Inc.<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 2.50%, 6.16%, <br> 2/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617188 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1119212 |
| **PHARMACEUTICALS — 1.0%**  | **PHARMACEUTICALS — 1.0%**  | **PHARMACEUTICALS — 1.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkermes, Inc.<br> 2026 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 8/12/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp.<br> Term Loan B 3 mo. USD Term <br> SOFR + 4.00%, 7.80%, <br> 10/1/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3055216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2972480 |
| &nbsp;&nbsp;&nbsp;&nbsp; HLF Financing SARL LLC<br> 2024 8th Amendment Term <br> Loan B 1 mo. USD Term <br> SOFR + 6.75%, 10.42%, <br> 4/12/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 965542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Veterinary <br> Partners LLC<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.50%, 6.18%, <br> 12/4/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 741399 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5313891 |
| **RETAIL — 4.1%**  | **RETAIL — 4.1%**  | **RETAIL — 4.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Boots Group Bidco Ltd.<br> USD Term Loan 3 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 8/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 881753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 885976 |
| &nbsp;&nbsp;&nbsp;&nbsp; EG America LLC<br> 2026 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 2/10/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1903800 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Flynn Restaurant Group LP<br> 2025 Incremental Term Loan 1 <br> mo. USD Term SOFR + <br> 3.75%, 7.42%, 1/28/2032 (a)<br>| $1492729 | &nbsp;&nbsp; $1469540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Great Outdoors Group LLC<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 1/23/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2424848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2423939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harbor Freight Tools USA, Inc.<br> 2024 Term Loan B 1 mo. USD <br> Term SOFR + 2.25%, 5.92%, <br> 6/11/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371849 |
| &nbsp;&nbsp;&nbsp;&nbsp; IRB Holding Corp.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.50%, 6.18%, <br> 12/16/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 914132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912990 |
| &nbsp;&nbsp;&nbsp;&nbsp; K-Mac Holdings Corp.<br> 2025 Add-on Term Loan 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 7/21/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kodiak Building Partners, Inc.<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 2.75%, 9.50%, <br> 12/4/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Michaels Cos., Inc.<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 5.00%, 8.67%, <br> 3/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3209448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., <br> Inc.<br> 2026 Term Loan B 3 mo. USD <br> Term SOFR + 4.25%, 7.95%, <br> 2/3/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2253218 |
| &nbsp;&nbsp;&nbsp;&nbsp; PetSmart, Inc.<br> 2025 USD Term Loan B 1 mo. <br> USD Term SOFR + 4.00%, <br> 7.68%, 8/18/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2433267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2421709 |
| Restoration Hardware, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan 1 <br> mo. USD Term SOFR + <br> 3.25%, 7.02%, 10/20/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 698144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B 1 mo. USD Term <br> SOFR + 2.50%, 6.28%, <br> 10/20/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 791314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spencer Spirit IH LLC<br> 2024 Term Loan B 1 mo. USD <br> Term SOFR + 4.00%, 7.68%, <br> 7/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 756445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Staples, Inc.<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 5.75%, 9.41%, <br> 9/4/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2629051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2396130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tacala LLC<br> 2025 Repriced Term Loan B 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 1/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 583353 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Whatabrands LLC<br> 2024 1st Lien Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 8/3/2028 (a)<br>| $592820 | &nbsp;&nbsp; $592556 |
| &nbsp;&nbsp;&nbsp;&nbsp; White Cap Buyer LLC<br> 2024 Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, 6.92%, <br> 10/19/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 424400 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22512249 |
| **SHIPBUILDING — 0.0%** <sup>\*</sup>  | **SHIPBUILDING — 0.0%** <sup>\*</sup>  | **SHIPBUILDING — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; LSF11 Trinity Bidco, Inc.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.50%, 6.18%, <br> 6/14/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270144 |
| **SOFTWARE — 7.3%**  | **SOFTWARE — 7.3%**  | **SOFTWARE — 7.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ascend Learning LLC<br> 2025 Repriced Term Loan B 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 12/11/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 792762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Athenahealth Group, Inc.<br> 2022 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 2/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 855904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avalara, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, 6.45%, <br> 3/26/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 566207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554175 |
| &nbsp;&nbsp;&nbsp;&nbsp; BCPE Pequod Buyer, Inc.<br> USD Term Loan B 3 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 11/25/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260167 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEP Intermediate Holdco LLC<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 4/25/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496250 |
| Boxer Parent Co., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 5.75%, 9.42%, 7/30/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1402063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1181246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 7/30/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1985280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1846102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cast & Crew Payroll LLC<br> 2021 Incremental Term Loan 3 <br> mo. USD Term SOFR + <br> 3.75%, 7.42%, 12/29/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Central Parent, Inc.<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 3.25%, 6.95%, <br> 7/6/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1893826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1356624 |
| Cloud Software Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2031) 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 3/21/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2334017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2144962 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2032) 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 8/13/2032 <br> (a)<br>| $2241012 | &nbsp;&nbsp; $2056924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cloudera, Inc.<br> 2021 Term Loan 1 mo. USD <br> Term SOFR + 3.75%, 7.52%, <br> 10/8/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 768665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 688435 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoreLogic, Inc.<br> Term Loan 1 mo. USD Term <br> SOFR + 3.50%, 7.28%, <br> 6/2/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1107523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cornerstone OnDemand, Inc.<br> 2021 Term Loan 1 mo. USD <br> Term SOFR + 3.75%, 7.53%, <br> 10/16/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cotiviti Corp.<br> 2024 Term Loan 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 5/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1436429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1326908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cvent, Inc.<br> 2025 Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Inc.<br> 2026 Term Loan 3 mo. USD <br> Term SOFR + 3.00%, 6.66%, <br> 2/4/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2101395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1993404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Disco Parent, Inc.<br> 2025 Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, 6.67%, <br> 8/6/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 879314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 865025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Arts, Inc.<br> USD Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1691500 |
| EP Purchaser LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B 3 mo. USD <br> Term SOFR + 3.50%, <br> 7.29%, 11/6/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B 3 mo. USD <br> Term SOFR + 4.50%, <br> 8.29%, 11/6/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finastra USA, Inc.<br> 2025 USD Term Loan 3 mo. <br> USD Term SOFR + 4.00%, <br> 7.67%, 9/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1963747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1848789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flash Charm, Inc.<br> 2024 Term Loan 3 mo. USD <br> Term SOFR + 3.50%, 7.16%, <br> 3/2/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332083 |
| &nbsp;&nbsp;&nbsp;&nbsp; Instructure Holdings, Inc.<br> 2025 Repriced Term Loan 3 <br> mo. USD Term SOFR + <br> 2.75%, 6.44%, 11/13/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765124 |
| Ivanti Software, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 4.75%, 8.41%, 6/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310343 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 7.25%, 11.17%, 6/1/2029 <br> (a)<br>| $167097 | &nbsp;&nbsp; $58902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Javelin Buyer, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 12/5/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mermaid Bidco, Inc.<br> 2024 USD Term Loan B 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.91%, 7/3/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 799317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 784330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metropolis Technologies, Inc.<br> 2025 Term Loan B 6 mo. USD <br> Term SOFR + 5.25%, 8.98%, <br> 11/3/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518778 |
| Mitchell International, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan 1 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 6/17/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Add-on Term Loan (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 6/17/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1571921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1504210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Modena Buyer LLC<br> Term Loan 3 mo. USD Term <br> SOFR + 4.25%, 7.92%, <br> 7/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Planview Parent, Inc.<br> 2024 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 3.50%, 7.20%, 12/17/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150611 |
| &nbsp;&nbsp;&nbsp;&nbsp; PointClickCare Technologies, <br> Inc.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 11/3/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polaris Newco LLC<br> USD Term Loan B 3 mo. USD <br> Term SOFR + 3.75%, 7.68%, <br> 6/2/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Alpha Intermediate <br> Holding, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 10/26/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Incremental <br> Term Loan 3 mo. USD Term <br> SOFR + 5.00%, 8.70%, <br> 5/9/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Boost Purchaser LLC<br> 2025 Refinancing Term Loan 3 <br> mo. USD Term SOFR + <br> 2.75%, 6.45%, 7/16/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 577820 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Ruby Ultimate Parent <br> Corp.<br> 2025 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, 6.53%, <br> 3/10/2028 (a)<br>| $802866 | &nbsp;&nbsp; $800192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quartz Acquireco LLC<br> 2025 Term Loan B 3 mo. USD <br> Term SOFR + 2.25%, 5.95%, <br> 6/28/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123842 |
| &nbsp;&nbsp;&nbsp;&nbsp; RealPage, Inc.<br> 1st Lien Term Loan 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.96%, 4/24/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1898809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1823388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Relativity ODA LLC<br> 2026 Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 1/30/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rocket Software, Inc.<br> 2023 USD Term Loan B 1 mo. <br> USD Term SOFR + 3.75%, <br> 7.42%, 11/28/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3110322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2990450 |
| &nbsp;&nbsp;&nbsp;&nbsp; SolarWinds Holdings, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 4.00%, 7.67%, <br> 4/16/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1636782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1395357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovos Compliance LLC<br> 2025 Repriced Term Loan B 1 <br> mo. USD Term SOFR + <br> 3.25%, 6.92%, 8/13/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37458 |
| &nbsp;&nbsp;&nbsp;&nbsp; SS&C Technologies, Inc.<br> 2024 Term Loan B8 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 5/9/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23021 |
| &nbsp;&nbsp;&nbsp;&nbsp; UKG, Inc.<br> 2024 Term Loan B 3 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 2/10/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2065504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1976563 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 39817418 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SENIOR FLOATING** <br> **RATE LOANS**<br> (Cost $210,388,467)<br>|  | &nbsp;&nbsp;&nbsp; 205229119 |
| **ASSET-BACKED SECURITIES — 9.3%** | **ASSET-BACKED SECURITIES — 9.3%** | **ASSET-BACKED SECURITIES — 9.3%** |
| **OTHER ABS — 9.3%**  | **OTHER ABS — 9.3%**  | **OTHER ABS — 9.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1988 CLO 3 Ltd.<br> Series 2023-3A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.25%, 9.92%, 10/15/2040 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1453815 |
| &nbsp;&nbsp;&nbsp;&nbsp; AGL CLO 15 Ltd.<br> Series 2021-15A, Class ER, 3 <br> mo. USD Term SOFR + <br> 4.95%, 8.62%, 1/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916728 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Apidos CLO XXXVI<br> Series 2021-36A, Class ER, 3 <br> mo. USD Term SOFR + <br> 4.75%, 8.47%, 1/20/2039 <br> (a)(c)<br>| $1000000 | &nbsp;&nbsp; $975494 |
| &nbsp;&nbsp;&nbsp;&nbsp; ARES Loan Funding I Ltd.<br> Series 2021-ALFA, Class ER, <br> 3 mo. USD Term SOFR + <br> 5.10%, 8.77%, 4/15/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 954166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd.<br> Series 2022-4A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.40%, 10.07%, 10/16/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1020021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Balboa Bay Loan Funding Ltd.<br> Series 2021-2A, Class E, 3 <br> mo. USD Term SOFR + <br> 6.86%, 10.53%, 1/20/2035 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462506 |
| Barings CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.00%, 8.67%, 10/15/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1416709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.00%, 8.84%, 10/15/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1429923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-3A, Class ERR, 3 <br> mo. USD Term SOFR + <br> 5.85%, 9.52%, 1/20/2036 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 911433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Barrow Hanley CLO I Ltd.<br> Series 2023-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 1/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969726 |
| &nbsp;&nbsp;&nbsp;&nbsp; BBAM U.S. CLO V Ltd.<br> Series 2025-5A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.50%, 9.17%, 7/25/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO IX <br> Ltd.<br> Series 2016-9A, Class ER2, 3 <br> mo. USD Term SOFR + <br> 5.90%, 9.57%, 10/20/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXV <br> Ltd.<br> Series 2021-25A, Class ER, 3 <br> mo. USD Term SOFR + <br> 4.60%, 8.27%, 1/15/2035 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 971116 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Carlyle U.S. CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-4A, Class E2R, 3 <br> mo. USD Term SOFR + <br> 7.86%, 11.53%, 10/17/2037 <br> (a)(c)<br>| $500000 | &nbsp;&nbsp; $500105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-3A, Class D2R3, <br> 3 mo. USD Term SOFR + <br> 2.95%, 6.62%, 4/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1904802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-3A, Class ER3, 3 <br> mo. USD Term SOFR + <br> 4.95%, 8.62%, 4/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 953201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-11A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.50%, 10.17%, 7/25/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1148309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class E, 3 <br> mo. USD Term SOFR + <br> 6.92%, 10.59%, 4/15/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; CarVal CLO IX-C Ltd.<br> Series 2024-1A, Class E, 3 <br> mo. USD Term SOFR + <br> 6.75%, 10.42%, 4/20/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cedar Funding XIV CLO Ltd.<br> Series 2021-14A, Class ER, 3 <br> mo. USD Term SOFR + <br> 7.39%, 11.06%, 10/15/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912915 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIFC Funding Ltd.<br> Series 2021-5A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.10%, 8.77%, 1/15/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbia Cent CLO 34 Ltd.<br> Series 2024-34A, Class E, 3 <br> mo. USD Term SOFR + <br> 6.85%, 10.52%, 1/25/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dryden 107 CLO Ltd.<br> Series 2023-107A, Class ER, <br> 3 mo. USD Term SOFR + <br> 5.75%, 9.40%, 8/15/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dryden 97 CLO Ltd.<br> Series 2022-97A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.15%, 9.82%, 10/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 961771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eaton Vance CLO Ltd.<br> Series 2020-2A, Class ER2, 3 <br> mo. USD Term SOFR + <br> 6.50%, 10.17%, 10/15/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910945 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Empower CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.90%, 9.57%, 10/20/2037 <br> (a)(c)<br>| $1750000 | &nbsp;&nbsp; $1605361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.90%, 9.57%, 7/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy 31 CLO Ltd.<br> Series 2023-31A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.50%, 9.17%, 7/15/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949893 |
| &nbsp;&nbsp;&nbsp;&nbsp; GoldenTree Loan Management <br> U.S. CLO 23 Ltd.<br> Series 2024-23A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.00%, 8.67%, 1/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 968316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kennedy Lewis CLO 10 Ltd.<br> Series 2022-10A, Class D1R, <br> 3 mo. USD Term SOFR + <br> 2.85%, 6.52%, 1/22/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 954712 |
| &nbsp;&nbsp;&nbsp;&nbsp; KKR CLO 35 Ltd.<br> Series 35A, Class ER, 3 mo. <br> USD Term SOFR + 4.90%, <br> 8.57%, 1/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1315750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding LXV Ltd.<br> Series 2025-65A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.00%, 8.67%, 7/16/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484102 |
| &nbsp;&nbsp;&nbsp;&nbsp; MidOcean Credit CLO XIII Ltd.<br> Series 2023-13A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.00%, 8.64%, 1/21/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 967017 |
| &nbsp;&nbsp;&nbsp;&nbsp; MidOcean Credit CLO XXII<br> Series 2026-22A, Class E, 3 <br> mo. USD Term SOFR + <br> 4.90%, 8.57%, 4/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 987146 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Eaton Vance <br> CLO Ltd.<br> Series 2023-19A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.50%, 9.17%, 7/15/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1369540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neuberger Berman Loan <br> Advisers CLO 61 Ltd.<br> Series 2025-61A, Class E, 3 <br> mo. USD Term SOFR + <br> 4.90%, 8.57%, 7/17/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 989362 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; New Mountain CLO 1 Ltd.<br> Series CLO-1A, Class ERR, 3 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 1/15/2038 <br> (a)(c)<br>| $500000 | &nbsp;&nbsp; $473959 |
| Oaktree CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-32A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.35%, 9.02%, 7/15/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 968692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-30A, Class E, 3 <br> mo. USD Term SOFR + <br> 7.42%, 11.09%, 7/15/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1489363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Octagon 62 Ltd.<br> Series 2022-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.40%, 10.07%, 1/23/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1033610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Octagon 75 Ltd.<br> Series 2025-1A, Class E, 3 <br> mo. USD Term SOFR + <br> 4.95%, 8.62%, 1/22/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palmer Square CLO Ltd.<br> Series 2023-3A, Class ER, 3 <br> mo. USD Term SOFR + <br> 4.85%, 8.52%, 1/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pikes Peak CLO 2<br> Series 2018-2A, Class D2R, 3 <br> mo. USD Term SOFR + <br> 5.12%, 8.79%, 10/18/2034 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 964002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pikes Peak CLO 8<br> Series 2021-8A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.75%, 9.42%, 1/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rad CLO 10 Ltd.<br> Series 2021-10A, Class E, 3 <br> mo. USD Term SOFR + <br> 6.11%, 9.78%, 4/23/2034 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 446557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rad CLO 3 Ltd.<br> Series 2019-3A, Class E1R2, <br> 3 mo. USD Term SOFR + <br> 5.88%, 9.55%, 7/15/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 424959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regatta XI Funding Ltd.<br> Series 2018-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.75%, 10.42%, 7/17/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1203840 |
| &nbsp;&nbsp;&nbsp;&nbsp; RIN XIII LLC<br> Series 2026-1A, Class D, 3 <br> mo. USD Term SOFR + <br> 2.85%, 6.51%, 4/15/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990059 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; RR 36 Ltd.<br> Series 2024-36RA, Class DR, <br> 3 mo. USD Term SOFR + <br> 5.25%, 8.92%, 1/15/2040 <br> (a)(c)<br>| $850000 | &nbsp;&nbsp; $824213 |
| &nbsp;&nbsp;&nbsp;&nbsp; TCW CLO Ltd.<br> Series 2024-3X, Class E, 3 <br> mo. USD Term SOFR + <br> 6.60%, 10.27%, 10/20/2037 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 913374 |
| &nbsp;&nbsp;&nbsp;&nbsp; TICP CLO XI Ltd.<br> Series 2018-11A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.70%, 10.37%, 4/25/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trestles CLO X Ltd.<br> Series 2026-10A, Class E, 3 <br> mo. USD Term SOFR + <br> 4.90%, 8.58%, 4/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 985308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warwick Capital CLO 1 Ltd.<br> Series 2023-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.45%, 9.12%, 10/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1402087 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 50597521 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED** <br> **SECURITIES**<br> (Cost $53,534,000)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 50597521 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **COMMON STOCKS — 0.0%**<sup>\*</sup>  | **COMMON STOCKS — 0.0%**<sup>\*</sup>  | **COMMON STOCKS — 0.0%**<sup>\*</sup>  |
| **ELECTRICAL EQUIPMENT — 0.0%** <sup>\*</sup>  | **ELECTRICAL EQUIPMENT — 0.0%** <sup>\*</sup>  | **ELECTRICAL EQUIPMENT — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Luxco Co. Ltd. (d) (e) | 5033 | &nbsp;&nbsp; 84955 |
| **ENTERTAINMENT — 0.0%** <sup>\*</sup>  | **ENTERTAINMENT — 0.0%** <sup>\*</sup>  | **ENTERTAINMENT — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cineworld Group PLC (d) (e) | 1834 | &nbsp;&nbsp; 32783 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (Cost $132,018)<br>|  | &nbsp;&nbsp; 117738 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —** <br> **1.0%** | **MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —** <br> **1.0%** | **MUTUAL FUNDS AND EXCHANGE TRADED PRODUCTS —** <br> **1.0%** |
| **DOMESTIC FIXED INCOME — 1.0%** | **DOMESTIC FIXED INCOME — 1.0%** | **DOMESTIC FIXED INCOME — 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Blackstone Senior <br> Loan ETF (f)<br> (Cost $5,530,195)<br>| 132691 | &nbsp;&nbsp; 5326217 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>|  |
| **CORPORATE BONDS & NOTES — 49.6%** | **CORPORATE BONDS & NOTES — 49.6%** | **CORPORATE BONDS & NOTES — 49.6%** |
| **ADVERTISING — 0.4%**  | **ADVERTISING — 0.4%**  | **ADVERTISING — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamar Media Corp. <br> 3.75%, 2/15/2028<br>| $700000 | &nbsp;&nbsp; 681086 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Stagwell Global LLC <br> 5.63%, 8/15/2029 (c)<br>| $1636000 | &nbsp;&nbsp; $1559484 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2240570 |
| **AEROSPACE & DEFENSE — 0.9%**  | **AEROSPACE & DEFENSE — 0.9%**  | **AEROSPACE & DEFENSE — 0.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bombardier, Inc. <br> 7.45%, 5/1/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339176 |
| TransDigm, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 7/31/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 3/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4317000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4404765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 3/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204340 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4958132 |
| **AIRLINES — 0.6%**  | **AIRLINES — 0.6%**  | **AIRLINES — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue <br> Loyalty LP <br> 9.88%, 9/20/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3757000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3550590 |
| **APPAREL — 0.2%**  | **APPAREL — 0.2%**  | **APPAREL — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Under Armour, Inc. <br> 7.25%, 7/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563166 |
| &nbsp;&nbsp;&nbsp;&nbsp; William Carter Co. <br> 7.38%, 2/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541098 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1104264 |
| **AUTO MANUFACTURERS — 0.7%**  | **AUTO MANUFACTURERS — 0.7%**  | **AUTO MANUFACTURERS — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; JB Poindexter & Co., Inc. <br> 8.75%, 12/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416146 |
| Nissan Motor Co. Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 9/17/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 7/17/2035 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 474000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488386 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wabash National Corp. <br> 4.50%, 10/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1078000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949049 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3874920 |
| **AUTO PARTS & EQUIPMENT — 0.9%**  | **AUTO PARTS & EQUIPMENT — 0.9%**  | **AUTO PARTS & EQUIPMENT — 0.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cooper-Standard Automotive, <br> Inc. <br> 9.25%, 3/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1069932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cyprium Corp./Cyprium Holdings <br> Luxembourg SARL:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 4/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 4/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forvia SE <br> 8.00%, 6/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 636000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656912 |
| Goodyear Tire & Rubber Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 7/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 7/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 7/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phinia, Inc. <br> 6.75%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tenneco, Inc. <br> 8.00%, 11/17/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 629049 |
| ZF North America Capital, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 4/23/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 705834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 3/24/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343392 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4860675 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **BANKS — 0.1%**  | **BANKS — 0.1%**  | **BANKS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Corp. <br> 12.25%, 10/1/2030 (c)<br>| $330000 | &nbsp;&nbsp; $356169 |
| **BIOTECHNOLOGY — 0.2%**  | **BIOTECHNOLOGY — 0.2%**  | **BIOTECHNOLOGY — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Emergent BioSolutions, Inc. <br> 3.88%, 8/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1166000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 992371 |
| **CHEMICALS — 1.9%**  | **CHEMICALS — 1.9%**  | **CHEMICALS — 1.9%**  |
| Celanese U.S. Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 2/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 2/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1439000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1476169 |
| Chemours Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 3/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1082000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 1/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3612000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3631396 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVR Partners LP/CVR Nitrogen <br> Finance Corp. <br> 6.13%, 6/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1035112 |
| FMC Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 10/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 680390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 5/18/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26548 |
| Huntsman International LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 6/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 5/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nufarm Australia Ltd./Nufarm <br> Americas, Inc. <br> 5.00%, 1/27/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Olin Corp. <br> 6.63%, 4/1/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1320016 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10505441 |
| **COAL — 0.2%**  | **COAL — 0.2%**  | **COAL — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; SunCoke Energy, Inc. <br> 4.88%, 6/30/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1334000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1204976 |
| **COMMERCIAL SERVICES — 2.1%**  | **COMMERCIAL SERVICES — 2.1%**  | **COMMERCIAL SERVICES — 2.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Albion Financing 1 <br> SARL/Aggreko Holdings, Inc. <br> 7.00%, 5/21/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alta Equipment Group, Inc. <br> 9.00%, 6/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 938000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 836649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC/Avis <br> Budget Finance, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 1/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 6/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1477000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1471077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brink's Co. <br> 6.50%, 6/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carriage Services, Inc. <br> 4.25%, 5/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1090000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1035609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cimpress PLC <br> 7.38%, 9/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1359000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1347177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dcli Bidco LLC <br> 7.75%, 11/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353640 |
| Deluxe Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 6/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1668000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1680610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 9/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 778000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 810007 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; ION Platform Finance U.S., Inc. <br> 7.88%, 9/30/2032 (c)<br>| $120000 | &nbsp;&nbsp; $92957 |
| &nbsp;&nbsp;&nbsp;&nbsp; PROG Holdings, Inc. <br> 6.00%, 11/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1601000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1526681 |
| &nbsp;&nbsp;&nbsp;&nbsp; RR Donnelley & Sons Co. <br> 9.50%, 8/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508250 |
| Service Corp. International: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 8/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 5/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veritiv Operating Co. <br> 10.50%, 11/30/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467275 |
| &nbsp;&nbsp;&nbsp;&nbsp; VM Consolidated, Inc. <br> 5.50%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318810 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11474416 |
| **COMPUTERS — 0.1%**  | **COMPUTERS — 0.1%**  | **COMPUTERS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Crane NXT Co. <br> 4.20%, 3/15/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31385 |
| &nbsp;&nbsp;&nbsp;&nbsp; Science Applications <br> International Corp. <br> 4.88%, 4/1/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496814 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528199 |
| **CONSTRUCTION MATERIALS — 0.2%**  | **CONSTRUCTION MATERIALS — 0.2%**  | **CONSTRUCTION MATERIALS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AmeriTex HoldCo <br> Intermediate LLC <br> 7.63%, 8/15/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Miter Brands Acquisition Holdco, <br> Inc./MIWD Borrower LLC <br> 6.75%, 4/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Smyrna Ready Mix <br> Concrete LLC <br> 8.88%, 11/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685276 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1245625 |
| **DIVERSIFIED FINANCIAL SERVICES — 5.3%**  | **DIVERSIFIED FINANCIAL SERVICES — 5.3%**  | **DIVERSIFIED FINANCIAL SERVICES — 5.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ally Financial, Inc. <br> 6.70%, 2/14/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1229284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc. <br> 10.00%, 8/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397293 |
| Azorra Finance Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 2/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 1/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc. <br> 6.75%, 5/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 849409 |
| &nbsp;&nbsp;&nbsp;&nbsp; Burford Capital Global <br> Finance LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 1/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 7/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit Acceptance Corp. <br> 6.63%, 3/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2356000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2297383 |
| &nbsp;&nbsp;&nbsp;&nbsp; CrossCountry Intermediate <br> HoldCo LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517990 |
| Encore Capital Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 4/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2678044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 5/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543565 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Enova International, Inc. <br> 9.13%, 8/1/2029 (c)<br>| $2480000 | &nbsp;&nbsp; $2546712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Focus Financial Partners LLC <br> 6.75%, 9/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage <br> Holdings LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 4/1/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 337687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 4/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 5/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 5/1/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 751000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 762280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 4/30/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN <br> Co-Issuer Corp. <br> 6.63%, 10/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512982 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC <br> 8.25%, 5/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427659 |
| Navient Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 3/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 711000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1024000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 7/25/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.50%, 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1371000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1391853 |
| OneMain Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 5/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 3/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 5/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 9/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1388000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1333743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Osaic Holdings, Inc. <br> 6.75%, 8/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593299 |
| &nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 2/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 2/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 5/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282801 |
| PRA Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 1/31/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 835000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 843909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rfna LP <br> 7.88%, 2/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stonex Escrow Issuer LLC <br> 6.88%, 7/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1060000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1073918 |
| &nbsp;&nbsp;&nbsp;&nbsp; StoneX Group, Inc. <br> 7.88%, 3/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial <br> 7.25%, 2/2/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1839000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1875743 |
| &nbsp;&nbsp;&nbsp;&nbsp; TrueNoord Capital DAC <br> 8.75%, 3/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346763 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC <br> 5.50%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477304 |
| UWM Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 3/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 2/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273493 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Velocity Commercial Capital LLC <br> 9.38%, 2/15/2031 (c)<br>| $293000 | &nbsp;&nbsp; $292771 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28640936 |
| **ELECTRIC — 0.1%**  | **ELECTRIC — 0.1%**  | **ELECTRIC — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica <br> Sustainable Infrastructure PLC <br> 6.38%, 2/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leeward Renewable Energy <br> Operations LLC <br> 4.25%, 7/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106450 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341045 |
| **ELECTRONICS — 0.2%**  | **ELECTRONICS — 0.2%**  | **ELECTRONICS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Imola Merger Corp. <br> 4.75%, 5/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330694 |
| &nbsp;&nbsp;&nbsp;&nbsp; TTM Technologies, Inc. <br> 4.00%, 3/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653086 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 983780 |
| **ENGINEERING & CONSTRUCTION — 0.1%**  | **ENGINEERING & CONSTRUCTION — 0.1%**  | **ENGINEERING & CONSTRUCTION — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ATP Tower Holdings/Andean <br> Telecom Partners Chile <br> SpA/Andean Tower Partners C <br> 7.88%, 2/3/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weekley Homes LLC/Weekley <br> Finance Corp. <br> 6.75%, 1/15/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405467 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729953 |
| **ENTERTAINMENT — 0.6%**  | **ENTERTAINMENT — 0.6%**  | **ENTERTAINMENT — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Discovery Global Holdings, Inc. <br> 4.28%, 3/15/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2582000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2285948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Great Canadian Gaming <br> Corp./Raptor LLC <br> 8.75%, 11/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voyager Parent LLC <br> 9.25%, 7/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634109 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3271111 |
| **FOOD — 1.2%**  | **FOOD — 1.2%**  | **FOOD — 1.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; B&G Foods, Inc. <br> 8.00%, 9/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3557000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3503467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fiesta Purchaser, Inc. <br> 7.88%, 3/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437646 |
| Post Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 9/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1592000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1481881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 3/1/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49331 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Foods, Inc. <br> 4.75%, 2/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1087000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1073532 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6545857 |
| **FOREST PRODUCTS & PAPER — 0.1%**  | **FOREST PRODUCTS & PAPER — 0.1%**  | **FOREST PRODUCTS & PAPER — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnera Corp. <br> 7.25%, 11/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444182 |
| **HEALTH CARE PRODUCTS — 0.1%**  | **HEALTH CARE PRODUCTS — 0.1%**  | **HEALTH CARE PRODUCTS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hologic, Inc. <br> 4.63%, 2/1/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **HEALTH CARE SERVICES — 1.5%**  | **HEALTH CARE SERVICES — 1.5%**  | **HEALTH CARE SERVICES — 1.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories <br> International, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 3/15/2029 (c) | $1850000 | &nbsp;&nbsp; $1754318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 5/1/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1113370 |
| &nbsp;&nbsp;&nbsp;&nbsp; CHS/Community Health <br> Systems, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 4/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 4/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1227000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1178656 |
| DaVita, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 6/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 9/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512950 |
| Encompass Health Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 2/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 942077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 4/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prime Healthcare Services, Inc. <br> 9.38%, 9/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Select Medical Corp. <br> 6.25%, 12/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Parent, Inc. <br> 9.00%, 10/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457081 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8077426 |
| **HOLDING COMPANIES-DIVERSIFIED — 0.1%**  | **HOLDING COMPANIES-DIVERSIFIED — 0.1%**  | **HOLDING COMPANIES-DIVERSIFIED — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Clue Opco LLC <br> 9.50%, 10/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4861 |
| Stena International SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 1/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 2/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102072 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470623 |
| **HOME BUILDERS — 1.5%**  | **HOME BUILDERS — 1.5%**  | **HOME BUILDERS — 1.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ashton Woods USA LLC/Ashton <br> Woods Finance Co. <br> 6.88%, 8/1/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468171 |
| Beazer Homes USA, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 3/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1863000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1833173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Residential <br> Properties, Inc./Brookfield <br> Residential U.S. LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 2/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 6/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37974 |
| Century Communities, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 8/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 9/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479091 |
| &nbsp;&nbsp;&nbsp;&nbsp; LGI Homes, Inc. <br> 7.00%, 11/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1484000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1381930 |
| M/I Homes, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 2/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 2/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623580 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mattamy Group Corp. <br> 6.00%, 12/15/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Risewell Homes, Inc. <br> 8.50%, 11/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401009 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Communities, <br> Inc. <br> 5.75%, 1/15/2028 (c)<br>| $1083000 | &nbsp;&nbsp; $1084819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. <br> 5.70%, 6/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180468 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8348828 |
| **HOME FURNISHINGS — 0.1%**  | **HOME FURNISHINGS — 0.1%**  | **HOME FURNISHINGS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Somnigroup International, Inc. <br> 4.00%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 738000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 709609 |
| **HOUSEHOLD PRODUCTS — 0.2%**  | **HOUSEHOLD PRODUCTS — 0.2%**  | **HOUSEHOLD PRODUCTS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Prestige Brands, Inc. <br> 3.75%, 4/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1103000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1012135 |
| **HOUSEHOLD PRODUCTS & WARES — 0.2%**  | **HOUSEHOLD PRODUCTS & WARES — 0.2%**  | **HOUSEHOLD PRODUCTS & WARES — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ACCO Brands Corp. <br> 4.25%, 3/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1517000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1354909 |
| **HOUSEWARES — 0.2%**  | **HOUSEWARES — 0.2%**  | **HOUSEWARES — 0.2%**  |
| Central Garden & Pet Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 4/30/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9328 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 849657 |
| **INSURANCE — 1.1%**  | **INSURANCE — 1.1%**  | **INSURANCE — 1.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance, <br> Inc. <br> 7.50%, 11/6/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 886000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 886257 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings <br> Intermediate LLC/Alliant <br> Holdings Co-Issuer <br> 6.75%, 4/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663465 |
| &nbsp;&nbsp;&nbsp;&nbsp; APH Somerset Investor 2 <br> LLC/APH2 Somerset Investor <br> 2 LLC/APH3 Somerset <br> Investor 2 LLC <br> 7.88%, 11/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 12/31/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1417000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1471115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 2/1/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1398000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1361694 |
| &nbsp;&nbsp;&nbsp;&nbsp; HUB International Ltd. <br> 7.25%, 6/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance <br> Management, Inc. <br> 8.50%, 3/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nassau Cos., of New York <br> 7.88%, 7/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326801 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5987618 |
| **INTERNET — 1.3%**  | **INTERNET — 1.3%**  | **INTERNET — 1.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ANGI Group LLC <br> 3.88%, 8/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 615504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gen Digital, Inc. <br> 7.13%, 9/30/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 452000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Go Daddy Operating Co. <br> LLC/GD Finance Co., Inc. <br> 3.50%, 3/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256995 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; ION Platform Finance U.S., <br> Inc./ION Platform Finance <br> SARL <br> 9.00%, 8/1/2029 (c)<br>| $680000 | &nbsp;&nbsp; $629388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Match Group Holdings II LLC <br> 6.13%, 9/15/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rakuten Group, Inc. <br> 9.75%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 959000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1022706 |
| Wayfair LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/31/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 9/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2788593 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6892607 |
| **INVESTMENT COMPANY SECURITIES — 0.6%**  | **INVESTMENT COMPANY SECURITIES — 0.6%**  | **INVESTMENT COMPANY SECURITIES — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn <br> Enterprises Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 2/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 6/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 1/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1218762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 11/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1338000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1316418 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3321099 |
| **IRON/STEEL — 0.5%**  | **IRON/STEEL — 0.5%**  | **IRON/STEEL — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc. <br> 7.38%, 5/1/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mineral Resources Ltd. <br> 7.00%, 4/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2444000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2495031 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2501881 |
| **IT SERVICES — 0.7%**  | **IT SERVICES — 0.7%**  | **IT SERVICES — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ASGN, Inc. <br> 4.63%, 5/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1176000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1138239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pitney Bowes, Inc. <br> 7.25%, 3/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1802000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1805280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seagate Data Storage <br> Technology Pte. Ltd. <br> 5.75%, 12/1/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 829000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 828154 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3771673 |
| **LEISURE TIME — 0.1%**  | **LEISURE TIME — 0.1%**  | **LEISURE TIME — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Patrick Industries, Inc. <br> 4.75%, 5/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589046 |
| **LODGING — 0.8%**  | **LODGING — 0.8%**  | **LODGING — 0.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 5/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 4/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations <br> Borrower LLC/Hilton Grand <br> Vacations Borrower, Inc. <br> 5.00%, 6/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2473000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2350611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. <br> 4.38%, 8/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 679000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663587 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4166519 |
| **MACHINERY, CONSTRUCTION & MINING — 0.3%**  | **MACHINERY, CONSTRUCTION & MINING — 0.3%**  | **MACHINERY, CONSTRUCTION & MINING — 0.3%**  |
| BWX Technologies, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 6/30/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418880 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 4/15/2029 (c) | $1048000 | &nbsp;&nbsp; $1008732 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1427612 |
| **MACHINERY-DIVERSIFIED — 0.0%** <sup>\*</sup>  | **MACHINERY-DIVERSIFIED — 0.0%** <sup>\*</sup>  | **MACHINERY-DIVERSIFIED — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Esab Corp. <br> 6.25%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232990 |
| **MEDIA — 1.6%**  | **MEDIA — 1.6%**  | **MEDIA — 1.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMC Networks, Inc. <br> 10.50%, 7/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 705000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695884 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 5/1/2027 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 2/1/2036 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv <br> Financing Co-Obligor, Inc. <br> 10.00%, 2/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1424000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1453847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dotdash Meredith, Inc. <br> 7.63%, 6/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331931 |
| Gray Media, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1486000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1148336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915968 |
| &nbsp;&nbsp;&nbsp;&nbsp; iHeartCommunications, Inc. <br> 10.88%, 5/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333758 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sinclair Television Group, Inc. <br> 5.50%, 3/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 474000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409972 |
| Univision Communications, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 7/31/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 922779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 8/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Secured Finance <br> PLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 8/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 548000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 5/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201359 |
| VZ Secured Financing BV: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 1/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 1/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 798204 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8580601 |
| **METAL FABRICATE & HARDWARE — 0.4%**  | **METAL FABRICATE & HARDWARE — 0.4%**  | **METAL FABRICATE & HARDWARE — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Park-Ohio Industries, Inc. <br> 8.50%, 8/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roller Bearing Co. of America, <br> Inc. <br> 4.38%, 10/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1219000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1183405 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2124105 |
| **MINING — 0.2%**  | **MINING — 0.2%**  | **MINING — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Century Aluminum Co. <br> 6.88%, 8/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Compass Minerals International, <br> Inc. <br> 8.00%, 7/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1208312 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1363170 |
| **MISCELLANEOUS MANUFACTURER — 0.2%**  | **MISCELLANEOUS MANUFACTURER — 0.2%**  | **MISCELLANEOUS MANUFACTURER — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Entegris, Inc. <br> 3.63%, 5/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932421 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **OIL & GAS — 5.9%**  | **OIL & GAS — 5.9%**  | **OIL & GAS — 5.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Resources Corp. <br> 7.00%, 1/15/2034 (c)<br>| $2221000 | &nbsp;&nbsp; $2234437 |
| &nbsp;&nbsp;&nbsp;&nbsp; CNX Resources Corp. <br> 7.38%, 1/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comstock Resources, Inc. <br> 6.75%, 3/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2831284 |
| Crescent Energy Finance LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 1/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 4/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 1/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1055814 |
| CVR Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 2/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 2/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 659954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gulfport Energy Operating Corp. <br> 6.75%, 9/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1625992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp <br> Finance Co.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 4/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 5/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 2/15/2035 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ithaca Energy North Sea PLC <br> 8.13%, 10/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 865936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kraken Oil & Gas Partners LLC <br> 7.63%, 8/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy Oil Corp. <br> 6.50%, 2/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 474000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467862 |
| Nabors Industries, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 11/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 8/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3039000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3168826 |
| Northern Oil & Gas, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 10/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 6/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1878048 |
| &nbsp;&nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 9/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1196887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 3/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2017000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2159824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Precision Drilling Corp. <br> 6.88%, 1/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saturn Oil & Gas, Inc. <br> 9.63%, 6/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1398000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1470151 |
| &nbsp;&nbsp;&nbsp;&nbsp; SM Energy Co. <br> 6.75%, 8/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 945682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunoco LP <br> 7.00%, 5/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunoco LP/Sunoco Finance <br> Corp. <br> 4.50%, 5/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1314000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1280900 |
| Talos Production, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 2/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 736000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 2/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2356000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500776 |
| Transocean International Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 3/15/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 4/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 5/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2156000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2226781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 5/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178593 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Wildfire Intermediate <br> Holdings LLC <br> 7.50%, 10/15/2029 (c)<br>| $350000 | &nbsp;&nbsp; $353965 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 31830410 |
| **OIL & GAS SERVICES — 1.1%**  | **OIL & GAS SERVICES — 1.1%**  | **OIL & GAS SERVICES — 1.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kodiak Gas Services LLC <br> 5.88%, 4/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 446878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Holding LLC <br> 8.75%, 8/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335003 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tidewater, Inc. <br> 9.13%, 7/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1742000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1859707 |
| &nbsp;&nbsp;&nbsp;&nbsp; USA Compression <br> Partners LP/USA <br> Compression Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/1/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 3/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2379000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2434573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viridien <br> 10.00%, 10/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508123 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5852394 |
| **PACKAGING & CONTAINERS — 0.7%**  | **PACKAGING & CONTAINERS — 0.7%**  | **PACKAGING & CONTAINERS — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, <br> Inc. <br> 6.75%, 7/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1886213 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, <br> Inc. <br> 6.63%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Owens-Brockway Glass <br> Container, Inc. <br> 7.38%, 6/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 773000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 731861 |
| &nbsp;&nbsp;&nbsp;&nbsp; TriMas Corp. <br> 4.13%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542572 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4065079 |
| **PHARMACEUTICALS — 0.8%**  | **PHARMACEUTICALS — 0.8%**  | **PHARMACEUTICALS — 0.8%**  |
| AdaptHealth LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 8/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 3/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 813000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779448 |
| &nbsp;&nbsp;&nbsp;&nbsp; HLF Financing <br> SARL LLC/Herbalife <br> International, Inc. <br> 4.88%, 6/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3778000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3540439 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4567893 |
| **PIPELINES — 2.6%**  | **PIPELINES — 2.6%**  | **PIPELINES — 2.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream <br> Partners LP/Antero Midstream <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1273731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 2/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15353 |
| Buckeye Partners LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 3/1/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 2/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 752688 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delek Logistics <br> Partners LP/Delek Logistics <br> Finance Corp. <br> 7.38%, 6/30/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3266000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3290985 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Excelerate Energy LP <br> 8.00%, 5/15/2030 (c)<br>| $370000 | &nbsp;&nbsp; $387431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genesis Energy LP/Genesis <br> Energy Finance Corp. <br> 6.75%, 3/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 891000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harvest Midstream I LP <br> 7.50%, 5/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510020 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hess Midstream Operations LP <br> 5.88%, 3/1/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107839 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL <br> Energy Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 2/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 2/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3290505 |
| &nbsp;&nbsp;&nbsp;&nbsp; Summit Midstream Holdings LLC <br> 8.63%, 10/31/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1746000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1798397 |
| Venture Global LNG, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 6/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 2/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Venture Global Plaquemines <br> LNG LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 12/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 1/15/2036 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334363 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14091090 |
| **REAL ESTATE — 0.4%**  | **REAL ESTATE — 0.4%**  | **REAL ESTATE — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Five Point Operating Co. LP <br> 8.00%, 10/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349391 |
| Howard Hughes Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 2/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 2/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 3/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 3/1/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400804 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1971554 |
| **REAL ESTATE INVESTMENT TRUSTS — 3.0%**  | **REAL ESTATE INVESTMENT TRUSTS — 3.0%**  | **REAL ESTATE INVESTMENT TRUSTS — 3.0%**  |
| Arbor Realty SR, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 7/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 536000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 12/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 960000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 943498 |
| Diversified Healthcare Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 3/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1113589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 2/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400200 |
| &nbsp;&nbsp;&nbsp;&nbsp; MPT Operating <br> Partnership LP/MPT Finance <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 905000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 591580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 8/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3829000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2982791 |
| Rithm Capital Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 4/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1441000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1420149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 7/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1986000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1919886 |
| Service Properties Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 1/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 573954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1384880 |
| Starwood Property Trust, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 1/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1115395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 4/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 7/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225412 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/15/2030 (c) | $350000 | &nbsp;&nbsp; $355866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 4/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38124 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16183076 |
| **RETAIL — 2.6%**  | **RETAIL — 2.6%**  | **RETAIL — 2.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1011778 BC ULC/New Red <br> Finance, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 1/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 1/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 9/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1236728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. <br> 3.90%, 4/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fertitta <br> Entertainment LLC/Fertitta <br> Entertainment Finance Co., <br> Inc. <br> 4.63%, 1/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382748 |
| FirstCash, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 9/1/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2922000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2870602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 3/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1218000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1243407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kohl's Corp. <br> 5.55%, 7/17/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC <br> 7.38%, 8/1/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Men's Wearhouse LLC <br> 9.00%, 2/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Michaels Cos., Inc. <br> 8.50%, 3/15/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824800 |
| Nordstrom, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 8/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 4/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 1/15/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., <br> Inc. <br> 8.25%, 2/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275627 |
| &nbsp;&nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance <br> Corp. <br> 7.50%, 9/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Suburban Propane <br> Partners LP/Suburban Energy <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 6/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1541000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1447061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/15/2035 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1166000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1133597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Superior Plus LP/Superior <br> General Partner, Inc. <br> 4.50%, 3/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1516637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Victra Holdings LLC/Victra <br> Finance Corp. <br> 8.75%, 9/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362789 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13874978 |
| **SOFTWARE — 2.0%**  | **SOFTWARE — 2.0%**  | **SOFTWARE — 2.0%**  |
| Cloud Software Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 3/31/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1566659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 8/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 6/30/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541705 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; CoreWeave, Inc. <br> 9.00%, 2/1/2031 (c)<br>| $1184000 | &nbsp;&nbsp; $1126079 |
| Fair Isaac Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 6/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3004000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2916253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 5/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 9/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56997 |
| &nbsp;&nbsp;&nbsp;&nbsp; OAK-Eagle Acquireco, Inc. <br> 7.25%, 7/1/2033 (c) (g)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321058 |
| Open Text Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 2/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770044 |
| Open Text Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 2/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1109626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17050 |
| &nbsp;&nbsp;&nbsp;&nbsp; PTC, Inc. <br> 4.00%, 2/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Twilio, Inc. <br> 3.63%, 3/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1469000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1403571 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11111789 |
| **TELECOMMUNICATIONS — 2.3%**  | **TELECOMMUNICATIONS — 2.3%**  | **TELECOMMUNICATIONS — 2.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; APLD ComputeCo 2 LLC <br> 6.75%, 3/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754696 |
| &nbsp;&nbsp;&nbsp;&nbsp; APLD ComputeCo LLC <br> 9.25%, 12/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 721280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cipher Compute LLC <br> 7.13%, 11/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559629 |
| &nbsp;&nbsp;&nbsp;&nbsp; EchoStar Corp. <br> 10.75%, 11/30/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1423333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1537200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iliad Holding SAS <br> 7.00%, 4/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400824 |
| &nbsp;&nbsp;&nbsp;&nbsp; SV RNO Property Owner 1 LLC <br> 5.88%, 3/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 728000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 721426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group <br> Finance 2019, Inc./CSL <br> Capital LLC <br> 6.50%, 2/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 612360 |
| Viasat, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 7/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2561810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 5/30/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1922205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viavi Solutions, Inc. <br> 3.75%, 10/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 967000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904957 |
| Vmed O2 U.K. Financing I PLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 1/31/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 1/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 4/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565692 |
| &nbsp;&nbsp;&nbsp;&nbsp; WULF Compute LLC <br> 7.75%, 10/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845376 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12709844 |
| **TRANSPORTATION — 0.4%**  | **TRANSPORTATION — 0.4%**  | **TRANSPORTATION — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaos Corp. <br> 6.88%, 10/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1701000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1729373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Leasing Co. LLC <br> 7.63%, 2/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379546 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC <br> 7.25%, 3/15/2032 (c)<br>| $105000 | &nbsp;&nbsp; $108992 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2217911 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS &** <br> **NOTES**<br> (Cost $271,365,998)<br>|  | &nbsp;&nbsp;&nbsp; 269750759 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENT — 3.1%** | **SHORT-TERM INVESTMENT — 3.1%** | **SHORT-TERM INVESTMENT — 3.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G <br> Shares 3.64% (h) (i)<br> (Cost $16,865,691)<br>| 16865691 | &nbsp;&nbsp;&nbsp;&nbsp; 16865691 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.8%**<br> (Cost $557,818,155) |  | &nbsp;&nbsp;&nbsp; 547887045 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS — (0.8)%**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; (4559629) |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; $543327416 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Position is unsettled. Contract rate was not determined at March 31, 2026 and does not take effect until settlement date. Maturity date is not finalized until settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 51.9% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on significant unobservable inputs and is classified as Level 3. As of March 31, 2026, total aggregate fair value of the securities is $117,738, representing less than 0.05% of the Fund's net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Affiliated fund managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(g) When-issued security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(i) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than 0.05% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations: |  |
| ABS | Asset-Backed Security |
| CLO | Collateralized Loan Obligation |
| SOFR | Secured Overnight Financing Rate |

---

At March 31, 2026, the Fund had unfunded loan commitments of $249,990, which could be extended at the option of the borrowers, pursuant to the following loan agreements:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower** | **Unfunded Loan**<br> **Commitment ($)**<br>| **Value ($)** | **Unrealized** <br> **Appreciation/(Depreciation) ($)**<br>|
| Air Comm Corp. LLC | &nbsp;&nbsp; 9600 | &nbsp;&nbsp; 9636 | &nbsp;&nbsp; 36 |
| Chicago U.S. Midco III LP | &nbsp;&nbsp; 64655 | &nbsp;&nbsp; 64129 | &nbsp;&nbsp; (526)<br>|
| Hanger, Inc. | &nbsp;&nbsp; 18591 | &nbsp;&nbsp; 18661 | &nbsp;&nbsp; 70 |
| June Purchaser LLC | &nbsp;&nbsp; 22857 | &nbsp;&nbsp; 22849 | &nbsp;&nbsp; (8)<br>|
| Pinnacle Buyer LLC | &nbsp;&nbsp; 6517 | &nbsp;&nbsp; 6533 | &nbsp;&nbsp; 16 |
| Raven Acquisition Holdings LLC | &nbsp;&nbsp; 116516 | &nbsp;&nbsp; 114445 | &nbsp;&nbsp; (2071)<br>|
| U.S. Fertility Enterprises LLC | &nbsp;&nbsp; 11254 | &nbsp;&nbsp; 11250 | &nbsp;&nbsp; (4)<br>|
|  | &nbsp;&nbsp; $249990 | &nbsp;&nbsp; $247503 | &nbsp;&nbsp; $(2487)<br>|

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE HIGH INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $269750759 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $269750759 |
| Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 50597521 | &nbsp;&nbsp; — | &nbsp;&nbsp; 50597521 |
| Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 117738 | &nbsp;&nbsp; 117738 |
| Mutual Funds and Exchange Traded Products | &nbsp;&nbsp; 5326217 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5326217 |
| Senior Floating Rate Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 205229119 | &nbsp;&nbsp; — | &nbsp;&nbsp; 205229119 |
| Short-Term Investment | &nbsp;&nbsp; 16865691 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 16865691 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $22191908 | &nbsp;&nbsp; $525577399 | &nbsp;&nbsp; $117738 | &nbsp;&nbsp; $547887045 |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Unfunded Loans - Unrealized Appreciation | &nbsp;&nbsp; $— | &nbsp;&nbsp; $122 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $122 |
| Unfunded Loans - Unrealized Depreciation | &nbsp;&nbsp; — | &nbsp;&nbsp; (2609)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2609)<br>|
| **TOTAL OTHER FINANCIAL INSTRUMENTS:** | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2487)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2487)<br>|

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| State Street Blackstone Senior Loan ETF | 132691 | $5518619 | $— | $— | $— | $(192402)<br>| 132691 | $5326217 | $307666 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br> Class G Shares<br>| 23246810 | 23246810 | 308080952 | 314462071 |  |  | 16865691 | 16865691 | 992087 |
| Total |  | $28765429 | $308080952 | $314462071 | $— | $(192402)<br>|  | $22191908 | $1299753 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **SENIOR FLOATING RATE LOANS — 85.5%**  | **SENIOR FLOATING RATE LOANS — 85.5%**  | **SENIOR FLOATING RATE LOANS — 85.5%**  |
| **ADVERTISING SERVICES — 1.1%**  | **ADVERTISING SERVICES — 1.1%**  | **ADVERTISING SERVICES — 1.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Neptune Bidco U.S., Inc.<br> 2026 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 5.00%, 8.76%, 2/3/2033 (a)<br>| $44000000 | &nbsp;&nbsp; $42064000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Planet U.S. Buyer LLC<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 2/7/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6657626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6668045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wasserman Media Group LLC<br> Repriced Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 6/23/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979841 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49711886 |
| **AEROSPACE & DEFENSE — 3.1%**  | **AEROSPACE & DEFENSE — 3.1%**  | **AEROSPACE & DEFENSE — 3.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Comm Corp. LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 12/11/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76520 |
| Dynasty Acquisition Co., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B1 <br> 1 mo. USD Term SOFR + <br> 2.00%, 5.67%, <br> 10/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B2 <br> 1 mo. USD Term SOFR + <br> 2.00%, 5.67%, <br> 10/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kaman Corp.<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.20%, 2/26/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1116850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1118559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Propulsion BC Finco SARL<br> 2025 Repriced Term Loan B <br> 3 mo. USD Term SOFR + <br> 2.50%, 6.20%, 12/1/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2709945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2714294 |
| TransDigm, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan J 1 mo. <br> USD Term SOFR + <br> 2.50%, 6.17%, 2/28/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 30152925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30190917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan L 1 mo. <br> USD Term SOFR + <br> 2.50%, 6.17%, 1/19/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5075090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5080495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan K 1 mo. <br> USD Term SOFR + <br> 2.25%, 5.92%, 3/22/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 81555814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81648380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan M 1 mo. <br> USD Term SOFR + <br> 2.50%, 6.17%, 8/19/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21499774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21523531 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan N 1 mo. <br> USD Term SOFR + <br> 2.50%, 6.17%, 2/13/2033 <br> (a)<br>| $1806452 | &nbsp;&nbsp; $1809387 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 144423174 |
| **AIRLINES — 2.4%**  | **AIRLINES — 2.4%**  | **AIRLINES — 2.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Canada<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 3/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1492797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1483467 |
| American Airlines, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 2.25%, 5.91%, 6/4/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6353843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6182289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4887500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 4/20/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 62441217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61972907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 3 mo. <br> USD Term SOFR + <br> 2.75%, 6.42%, 5/28/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4841780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4806072 |
| &nbsp;&nbsp;&nbsp;&nbsp; JetBlue Airways Corp.<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 4.75%, <br> 8.44%, 8/27/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 38410487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35318443 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 114650678 |
| **APPAREL — 0.5%**  | **APPAREL — 0.5%**  | **APPAREL — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ABG Intermediate Holdings 2 <br> LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.25%, 5.92%, <br> 12/21/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12153996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12142997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term <br> Loan 1 mo. USD Term <br> SOFR + 2.25%, 5.92%, <br> 2/13/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5699025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5680332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC<br> USD Term Loan B 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.95%, 9/12/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5048769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5067702 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22891031 |
| **AUTO PARTS & EQUIPMENT — 1.2%**  | **AUTO PARTS & EQUIPMENT — 1.2%**  | **AUTO PARTS & EQUIPMENT — 1.2%**  |
| Clarios Global LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 5/6/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3593814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3587076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 1/28/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22240594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22212793 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Tenneco, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan A 3 mo. <br> USD Term SOFR + <br> 4.75%, 8.51%, 11/17/2028 <br> (a)<br>| $10228394 | &nbsp;&nbsp; $9988078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B 3 mo. <br> USD Term SOFR + <br> 5.00%, 8.76%, 11/17/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20755139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20288148 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56076095 |
| **BEVERAGES — 0.6%**  | **BEVERAGES — 0.6%**  | **BEVERAGES — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Primo Brands Corp.<br> 2026 Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20924663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20983462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sazerac Co., Inc.<br> Repriced Term Loan B 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 7/9/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5784368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5787983 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26771445 |
| **BIOTECHNOLOGY — 0.5%**  | **BIOTECHNOLOGY — 0.5%**  | **BIOTECHNOLOGY — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, Inc.<br> Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10974581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10960918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genmab AS<br> Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, <br> 6.70%, 12/13/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12991456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13055374 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24016292 |
| **BUILDING MATERIALS — 0.3%**  | **BUILDING MATERIALS — 0.3%**  | **BUILDING MATERIALS — 0.3%**  |
| EMRLD Borrower LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4191057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4188877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B 3 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 5/31/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8604300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8603224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Icebox Holdco III, Inc.<br> 2021 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 12/22/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 407764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Potters Industries LLC<br> 2025 Repriced Term Loan B <br> 3 mo. USD Term SOFR + <br> 2.50%, 6.17%, 12/23/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.<br> 2024 Term Loan B2 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 3/19/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222451 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13500952 |
| **CHEMICALS — 0.5%**  | **CHEMICALS — 0.5%**  | **CHEMICALS — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems <br> U.S. Holdings, Inc.<br> 2024 Term Loan B7 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3848359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3857596 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Olympus Water U.S. Holding <br> Corp.<br> 2025 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 11/3/2032 <br> (a)<br>| $13046257 | &nbsp;&nbsp; $12610055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc.<br> Term Loan B 1 mo. USD <br> Term SOFR + 2.00%, <br> 5.67%, 11/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79653 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCIH Salt Holdings, Inc.<br> 2025 Repriced Term Loan B <br> 6 mo. USD Term SOFR + <br> 2.75%, 6.35%, 1/31/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6543337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6535157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solstice Advanced Materials, <br> Inc.<br> Term Loan B 3 mo. USD <br> Term SOFR + 1.75%, <br> 5.42%, 10/29/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47148 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23129609 |
| **COMMERCIAL SERVICES — 6.8%**  | **COMMERCIAL SERVICES — 6.8%**  | **COMMERCIAL SERVICES — 6.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adtalem Global Education, Inc.<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 2/4/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2772727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2781392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Albion Financing 3 SARL<br> 2025 USD Term Loan 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.66%, 5/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2506221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2511709 |
| &nbsp;&nbsp;&nbsp;&nbsp; AlixPartners LLP<br> 2025 USD Term Loan 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 8/12/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3085667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3061444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC<br> 2025 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 3.25%, 6.92%, 8/20/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 42250521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42303334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ankura Consulting Group LLC<br> 2024 Repriced Term Loan B <br> 3 mo. USD Term SOFR + <br> 3.50%, 7.17%, 12/29/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9235305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8842805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Anticimex International AB<br> 2025 USD Term Loan 3 mo. <br> USD Term SOFR + 2.90%, <br> 6.56%, 11/17/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belfor Holdings, Inc.<br> 2025 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 11/1/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 791165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belron Finance LLC<br> 2026 Repriced Term Loan B <br> 3 mo. USD Term SOFR + <br> 2.00%, 5.66%, 10/16/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6126462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6131823 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; CHG Healthcare Services, Inc.<br> 2025 Term Loan B1 3 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 9/29/2028 (a)<br>| $383374 | &nbsp;&nbsp; $384152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Creative Artists Agency LLC<br> 2025 Repriced Term Loan B <br> 1 mo. USD Term SOFR + <br> 2.50%, 6.17%, 10/1/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4502539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4504993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ensemble RCM LLC<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.70%, 2/9/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 40625703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40236306 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Advantage Holdings LLC<br> 2025 Repriced Term Loan B <br> 3 mo. USD Term SOFR + <br> 2.75%, 6.45%, 10/31/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15982675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15596454 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fugue Finance BV<br> 2026 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 2.25%, 5.92%, 1/9/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1292435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genuine Financial <br> Holdings LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 9/27/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 26989397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23298597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Homeserve USA Holding Corp.<br> 2024 Term Loan B 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.68%, 10/21/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 612300 |
| &nbsp;&nbsp;&nbsp;&nbsp; ION Platform Finance U.S., <br> Inc.<br> USD Term Loan 3 mo. USD <br> Term SOFR + 3.75%, <br> 7.45%, 10/7/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18599960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15050437 |
| &nbsp;&nbsp;&nbsp;&nbsp; KUEHG Corp.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, <br> 6.45%, 6/12/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22140492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19926443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mavis Tire Express Services <br> Corp.<br> 2025 Repriced Term Loan 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 5/4/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 36020044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36033732 |
| &nbsp;&nbsp;&nbsp;&nbsp; OMNIA Partners LLC<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 2.75%, <br> 6.43%, 12/31/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5308943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5311173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Parexel International Corp.<br> 2025 Repriced Term Loan B <br> 1 mo. USD Term SOFR + <br> 2.75%, 6.42%, 12/12/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9174770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9155641 |
| &nbsp;&nbsp;&nbsp;&nbsp; PG Investment Co. 59 SARL<br> 2025 Repriced Term Loan B <br> 3 mo. USD Term SOFR + <br> 2.25%, 5.95%, 3/26/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1232238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1234111 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Pye-Barker Fire & Safety LLC<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.14%, 12/16/2032 (a)<br>| $7131432 | &nbsp;&nbsp; $7150508 |
| &nbsp;&nbsp;&nbsp;&nbsp; Raven Acquisition <br> Holdings LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, <br> 11/19/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 11/19/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32515268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31937471 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shift4 Payments LLC<br> 2025 Repriced Term Loan B <br> 3 mo. USD Term SOFR + <br> 2.00%, 5.65%, 7/3/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1035143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1034175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thevelia U.S. LLC<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.70%, 6/18/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12911103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12701298 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc.<br> 2025 Repriced Term Loan B <br> 1 mo. USD Term SOFR + <br> 2.50%, 6.17%, 1/30/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7441849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7391096 |
| &nbsp;&nbsp;&nbsp;&nbsp; XPLOR T1 LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 3.50%, <br> 7.17%, 12/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19545351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18226039 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 317774730 |
| **COMPUTERS — 4.0%**  | **COMPUTERS — 4.0%**  | **COMPUTERS — 4.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Access CIG LLC<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 4.00%, <br> 7.70%, 8/19/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 29338703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26673722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ahead DB Holdings LLC<br> 2024 Term Loan B4 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.20%, 2/3/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 602802 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amentum Government <br> Services Holdings LLC<br> 2024 Term Loan B 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 9/29/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5287379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5295098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC<br> Term Loan B 1 mo. USD <br> Term SOFR + 4.00%, <br> 7.68%, 12/9/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22843639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21929894 |
| &nbsp;&nbsp;&nbsp;&nbsp; McAfee LLC<br> 2024 USD 1st Lien Term <br> Loan B 1 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 3/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59754407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53554888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peraton Corp.<br> Term Loan B 3 mo. USD <br> Term SOFR + 3.75%, <br> 7.52%, 2/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56686146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48513988 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Perforce Software, Inc.<br> 2024 Term Loan 1 mo. USD <br> Term SOFR + 4.75%, <br> 8.42%, 7/2/2029 (a)<br>| $18381793 | &nbsp;&nbsp; $12433629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ping Identity Corp.<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 11/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6099206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6030590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Surf Holdings LLC<br> 2025 Incremental Term Loan <br> 1 mo. USD Term SOFR + <br> 3.50%, 7.28%, 3/5/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12238803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11686159 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 186720770 |
| **CONSTRUCTION & ENGINEERING — 0.8%**  | **CONSTRUCTION & ENGINEERING — 0.8%**  | **CONSTRUCTION & ENGINEERING — 0.8%**  |
| Azuria Water Solutions, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Delayed Draw Term <br> Loan (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1310429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9828220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9754509 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackfin Pipeline LLC<br> Term Loan B 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 9/29/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2064951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2078827 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centuri Group, Inc.<br> 2025 Refinance Term Loan <br> B 1 mo. USD Term SOFR + <br> 2.00%, 5.67%, 7/9/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502263 |
| &nbsp;&nbsp;&nbsp;&nbsp; DG Investment Intermediate <br> Holdings 2, Inc.<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 3.25%, <br> 6.92%, 7/9/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8930624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8936206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dycom Investments, Inc.<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 1/27/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2654171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2667999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Green Infrastructure Partners, <br> Inc.<br> USD Term Loan B 3 mo. <br> USD Term SOFR + 2.75%, <br> 6.45%, 9/24/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562461 |
| &nbsp;&nbsp;&nbsp;&nbsp; KKR Apple Bidco LLC<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 9/23/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9423912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9440121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radar Bidco SARL<br> 2026 USD Repriced Term <br> Loan 3 mo. USD Term <br> SOFR + 2.75%, 6.41%, <br> 4/4/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598741 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35841728 |
| **CONSTRUCTION MATERIALS — 0.2%**  | **CONSTRUCTION MATERIALS — 0.2%**  | **CONSTRUCTION MATERIALS — 0.2%**  |
| Quikrete Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 1 mo. <br> USD Term SOFR + <br> 2.25%, 5.92%, 2/10/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8857016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8851480 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1 1 mo. <br> USD Term SOFR + <br> 2.25%, 5.92%, 4/14/2031 <br> (a)<br>| $2274831 | &nbsp;&nbsp; $2274183 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11125663 |
| **CONTAINERS & PACKAGING — 2.3%**  | **CONTAINERS & PACKAGING — 2.3%**  | **CONTAINERS & PACKAGING — 2.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Berlin Packaging LLC<br> 2025 Term Loan B7 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.91%, 6/7/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1569591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1516837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter NEX U.S., Inc.<br> 2025 Repriced Term Loan B <br> 1 mo. USD Term SOFR + <br> 2.50%, 6.17%, 11/29/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition <br> Holdings, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 1 mo. <br> USD Term SOFR + <br> 3.25%, 6.92%, 4/1/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25191232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23594738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B 1 mo. USD <br> Term SOFR + 3.18%, <br> 6.84%, 4/13/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3060305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2927106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graham Packaging Co., Inc.<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 1/26/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3455551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3426041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iris Holding, Inc.<br> Term Loan 3 mo. USD Term <br> SOFR + 4.75%, 8.52%, <br> 6/28/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11919536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11201145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Proampac PG Borrower LLC<br> 2026 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 4.00%, 7.78%, 3/7/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 43273393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41899462 |
| &nbsp;&nbsp;&nbsp;&nbsp; SupplyOne, Inc.<br> 2024 Term Loan B 1 mo. <br> USD Term SOFR + 3.50%, <br> 7.17%, 4/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2555035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2565422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trident TPI Holdings, Inc.<br> 2024 Term Loan B7 3 mo. <br> USD Term SOFR + 3.75%, <br> 7.45%, 9/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20625456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19584489 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 106951967 |
| **COSMETICS & TOILETRIES — 0.4%**  | **COSMETICS & TOILETRIES — 0.4%**  | **COSMETICS & TOILETRIES — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Opal Bidco SAS<br> USD Term Loan B4 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.70%, 4/28/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21198928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21212177 |
| **DISTRIBUTION/WHOLESALE — 0.6%**  | **DISTRIBUTION/WHOLESALE — 0.6%**  | **DISTRIBUTION/WHOLESALE — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BCPE Empire Holdings, Inc.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 12/11/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11116299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10968064 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Fluid-Flow Products, Inc.<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 3/4/2033 (a)<br>| $4971109 | &nbsp;&nbsp; $4977323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Resideo Funding, Inc.<br> 2025 Incremental Term Loan <br> 3 mo. USD Term SOFR + <br> 2.00%, 5.67%, 8/13/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1230020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1228482 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&S Holdings LLC<br> 2024 Term Loan 1 mo. USD <br> Term SOFR + 5.00%, <br> 8.68%, 10/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2303509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2176816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Windsor Holdings III LLC<br> 2025 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 8/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8658249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8547336 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27898021 |
| **DIVERSIFIED FINANCIAL SERVICES — 5.3%**  | **DIVERSIFIED FINANCIAL SERVICES — 5.3%**  | **DIVERSIFIED FINANCIAL SERVICES — 5.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Apex Group Treasury LLC<br> 2025 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.50%, 7.17%, 2/27/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16830488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15385843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc.<br> 2025 Repriced Term Loan 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 8/9/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27796761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27485576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chicago U.S. Midco III LP<br> Term Loan 1 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 11/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3936509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3904525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citadel Securities LP<br> 2024 First Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 2.00%, 5.70%, 10/31/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10613669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10638027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citco Funding LLC<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 1/30/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11134521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11106240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corpay Technologies Operating <br> Co. LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 11/5/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 618291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 618099 |
| &nbsp;&nbsp;&nbsp;&nbsp; CPI Holdco B LLC<br> 2025 Add-on Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.00%, 5.67%, 5/19/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3071081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3054681 |
| Edelman Financial Center LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan 1 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 10/6/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7331428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7278276 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 4/7/2028 (a)<br>| $3275242 | &nbsp;&nbsp; $3275881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Focus Financial Partners LLC<br> 2025 Incremental Term Loan <br> B 1 mo. USD Term SOFR + <br> 2.50%, 6.17%, 9/15/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 46264737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44874250 |
| &nbsp;&nbsp;&nbsp;&nbsp; GTCR Everest Borrower LLC<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.20%, 9/5/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4970617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hudson River Trading LLC<br> 2026 Repriced Term Loan B <br> 1 mo. USD Term SOFR + <br> 2.50%, 6.18%, 3/18/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16232313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16184996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jane Street Group LLC<br> 2024 Term Loan B1 3 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 12/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 66219338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65090629 |
| &nbsp;&nbsp;&nbsp;&nbsp; June Purchaser LLC<br> Term Loan 3 mo. USD Term <br> SOFR + 2.75%, 6.45%, <br> 11/28/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jupiter Borrower, Inc.<br> Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4989561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4989561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kestra Advisor Services <br> Holdings A, Inc.<br> 2024 Repriced Term Loan 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 3/22/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Osaic Holdings, Inc.<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.20%, 7/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 29173008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28682609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Superannuation & Investments <br> U.S. LLC<br> 2026 Term Loan 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 12/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Victory Capital Holdings, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.00%, <br> 5.70%, 9/23/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1068974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1067771 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 249813436 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES — 2.4%**  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 2.4%**  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 2.4%**  |
| Delta TopCo, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan 1 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 11/29/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 33735276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29799382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 1 mo. <br> USD Term SOFR + <br> 2.75%, 6.42%, 11/30/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 28353121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27491470 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Vantor Holdings, Inc.<br> 1st Lien Term Loan 3 mo. <br> USD Term SOFR + 4.50%, <br> 8.17%, 3/3/2033 (a)<br>| $55938152 | &nbsp;&nbsp; $54941893 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viavi Solutions, Inc.<br> Term Loan B 3 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 10/16/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 886590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zayo Group Holdings, Inc.<br> 2025 USD Term Loan 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.78%, 3/11/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4430 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 113127089 |
| **ELECTRIC — 0.1%**  | **ELECTRIC — 0.1%**  | **ELECTRIC — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alpha Generation LLC<br> Term Loan B 1 mo. USD <br> Term SOFR + 1.75%, <br> 5.42%, 9/30/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6293664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6285451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cogentrix Finance Holdco I <br> LLC<br> Repriced Term Loan B 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 2/26/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 596694 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6882145 |
| **ELECTRONICS — 0.1%**  | **ELECTRONICS — 0.1%**  | **ELECTRONICS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Coherent Corp.<br> 2025 Term Loan B2 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 7/2/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272715 |
| &nbsp;&nbsp;&nbsp;&nbsp; LSF12 Crown U.S. Commercial <br> Bidco LLC<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 12/2/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1957375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1961779 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle Buyer LLC<br> Term Loan 3 mo. USD Term <br> SOFR + 2.50%, 6.16%, <br> 10/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanmina Corp.<br> Term Loan B 1 mo. USD <br> Term SOFR + 2.00%, <br> 5.67%, 10/27/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1234668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1237755 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3760813 |
| **ENTERTAINMENT — 1.8%**  | **ENTERTAINMENT — 1.8%**  | **ENTERTAINMENT — 1.8%**  |
| Caesars Entertainment, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1 1 mo. <br> USD Term SOFR + <br> 2.25%, 5.92%, 2/6/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7615933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7416015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B 1 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 2/6/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7805328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7600438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Finance U.S., Inc.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 4.50%, <br> 8.17%, 12/2/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6258546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6206694 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; DK Crown Holdings, Inc.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 3/4/2032 (a)<br>| $119338 | &nbsp;&nbsp; $119357 |
| &nbsp;&nbsp;&nbsp;&nbsp; EOC Borrower LLC<br> Term Loan B 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 3/24/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10890791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10879900 |
| Flutter Financing BV: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B 3 mo. <br> USD Term SOFR + <br> 1.75%, 5.45%, 11/30/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11361945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11265369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 3 mo. <br> USD Term SOFR + <br> 2.00%, 5.70%, 6/4/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226492 |
| GVC Holdings (Gibraltar) Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B5 (2032) 3 <br> mo. USD Term SOFR + <br> 2.25%, 5.95%, 7/31/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1580677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1580930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B6 (2029) 3 <br> mo. USD Term SOFR + <br> 2.25%, 5.95%, <br> 10/31/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2417667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2419746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Herschend Entertainment Co. <br> LLC<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 5/27/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1150117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1152992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Light & Wonder International, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B 1 mo. <br> USD Term SOFR + <br> 2.00%, 5.68%, 4/16/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418872 |
| &nbsp;&nbsp;&nbsp;&nbsp; PCI Gaming Authority<br> Term Loan 1 mo. USD Term <br> SOFR + 2.00%, 5.67%, <br> 7/18/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1229329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1230644 |
| &nbsp;&nbsp;&nbsp;&nbsp; PENN Entertainment, Inc.<br> 2022 Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 5/3/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 901979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 905483 |
| &nbsp;&nbsp;&nbsp;&nbsp; Scientific Games Holdings LP<br> 2024 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.00%, 6.65%, 4/4/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3803941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3752702 |
| &nbsp;&nbsp;&nbsp;&nbsp; TKO Worldwide Holdings LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.00%, <br> 5.66%, 11/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4327815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4330520 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Voyager Parent LLC<br> Repriced Term Loan B 3 mo. <br> USD Term SOFR + 4.25%, <br> 7.95%, 7/1/2032 (a)<br>| $25723688 | &nbsp;&nbsp; $25581693 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85483227 |
| **ENVIRONMENTAL CONTROL — 0.1%**  | **ENVIRONMENTAL CONTROL — 0.1%**  | **ENVIRONMENTAL CONTROL — 0.1%**  |
| Madison IAQ LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan 6 <br> mo. USD Term SOFR + <br> 2.75%, 6.38%, 11/8/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3496116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3507723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan 6 mo. USD Term <br> SOFR + 2.50%, 6.13%, <br> 6/21/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333993 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3841716 |
| **FINANCIAL SERVICES — 0.2%**  | **FINANCIAL SERVICES — 0.2%**  | **FINANCIAL SERVICES — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ascensus Group Holdings, Inc.<br> 2024 Term Loan B 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 11/25/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9531578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9394562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chrysaor Bidco SARL<br> 2025 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.90%, 10/30/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1940408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1940107 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11334669 |
| **FOOD PRODUCTS — 0.6%**  | **FOOD PRODUCTS — 0.6%**  | **FOOD PRODUCTS — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aramark Services, Inc.<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 1.75%, <br> 5.42%, 6/22/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305893 |
| Froneri Lux Finco SARL: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B4 6 <br> mo. USD Term SOFR + <br> 2.25%, 5.88%, 9/30/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2295345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2253386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B6 6 <br> mo. USD Term SOFR + <br> 2.25%, 5.88%, 9/30/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18328690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18009221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nomad Foods Europe Midco <br> Ltd.<br> 2025 USD Term Loan B 6 <br> mo. USD Term SOFR + <br> 2.50%, 6.28%, 10/28/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 678693 |
| &nbsp;&nbsp;&nbsp;&nbsp; PFI Lower Midco LLC<br> Term Loan B 1 mo. USD <br> Term SOFR + 4.00%, <br> 7.67%, 12/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1192000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1197966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Snacking Investments Bidco <br> Pty. Ltd.<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 10/29/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4098753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4106008 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26551167 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **GROUND TRANSPORTATION — 0.7%**  | **GROUND TRANSPORTATION — 0.7%**  | **GROUND TRANSPORTATION — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc.<br> 2024 Term Loan 3 mo. USD <br> Term SOFR + 1.75%, <br> 5.45%, 4/10/2031 (a)<br>| $616484 | &nbsp;&nbsp; $614237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Savage Enterprises LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 8/5/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 894927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 4/9/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4463799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4462192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Worldwide Express <br> Operations LLC<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 4.00%, <br> 7.70%, 7/26/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27101856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27156873 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33129491 |
| **HEALTH CARE EQUIPMENT & SUPPLIES — 0.6%**  | **HEALTH CARE EQUIPMENT & SUPPLIES — 0.6%**  | **HEALTH CARE EQUIPMENT & SUPPLIES — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Auris Luxembourg III SARL<br> 2026 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 2/28/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6927276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6935935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Embecta Corp.<br> Term Loan B 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 3/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20344 |
| Hanger, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term <br> Loan 1 mo. USD Term <br> SOFR + 3.50%, 7.17%, <br> 10/23/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B 1 mo. <br> USD Term SOFR + <br> 3.50%, 7.17%, <br> 10/23/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3886611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3901185 |
| Medline Borrower LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan <br> B 1 mo. USD Term SOFR <br> + 1.75%, 5.42%, <br> 10/23/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13123952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13154662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 1 mo. <br> USD Term SOFR + <br> 1.75%, 5.42%, <br> 10/23/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2135129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2140734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Resonetics LLC<br> 2025 Repriced Term Loan B <br> 3 mo. USD Term SOFR + <br> 2.75%, 6.42%, 6/18/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315920 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26568255 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **HEALTH CARE PROVIDERS & SERVICES — 3.0%**  | **HEALTH CARE PROVIDERS & SERVICES — 3.0%**  | **HEALTH CARE PROVIDERS & SERVICES — 3.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Medical Response, Inc.<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 3.50%, <br> 7.17%, 10/1/2032 (a)<br>| $94030877 | &nbsp;&nbsp; $93854569 |
| &nbsp;&nbsp;&nbsp;&nbsp; MED ParentCo LP<br> 2025 Repriced Term Loan B <br> 1 mo. USD Term SOFR + <br> 3.00%, 6.67%, 4/15/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4495716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4499289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Midwest Physician <br> Administrative Services LLC<br> 2021 Term Loan 3 mo. USD <br> Term SOFR + 3.00%, <br> 6.96%, 3/12/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 33497007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28807426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Onex TSG Intermediate Corp.<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.95%, 8/6/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4974684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5008263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Outcomes Group Holdings, Inc.<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 5/6/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1064119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1065620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radiology Partners, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 4.50%, <br> 8.20%, 6/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6570262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6484619 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Fertility Enterprises LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 3.50%, <br> 7.17%, 12/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754429 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 140474215 |
| **HOME FURNISHINGS — 0.8%**  | **HOME FURNISHINGS — 0.8%**  | **HOME FURNISHINGS — 0.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AI Aqua Merger Sub, Inc.<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.16%, 7/31/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 39861423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39817775 |
| **HOUSEWARES — 0.4%**  | **HOUSEWARES — 0.4%**  | **HOUSEWARES — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Greetings Corp.<br> 2024 Term Loan B 1 mo. <br> USD Term SOFR + 5.75%, <br> 9.42%, 10/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2751714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2749994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hunter Douglas, Inc.<br> 2025 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.00%, 6.70%, 1/20/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16991805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16940490 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19690484 |
| **INDEPENDENT POWER PRODUCERS & ENERGY TRADERS** <br> **— 0.1%**  | **INDEPENDENT POWER PRODUCERS & ENERGY TRADERS** <br> **— 0.1%**  | **INDEPENDENT POWER PRODUCERS & ENERGY TRADERS** <br> **— 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc.<br> 2024 Term Loan 3 mo. USD <br> Term SOFR + 1.75%, <br> 5.52%, 4/16/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2950076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2959516 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Talen Energy Supply LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 11/25/2032 (a)<br>| $3086159 | &nbsp;&nbsp; $3092224 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6051740 |
| **INSURANCE — 6.7%**  | **INSURANCE — 6.7%**  | **INSURANCE — 6.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC<br> 2024 1st Lien Term Loan B6 <br> 1 mo. USD Term SOFR + <br> 3.00%, 6.67%, 11/6/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 36841309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35763700 |
| Alera Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Term Loan 1 <br> mo. USD Term SOFR + <br> 5.50%, 9.18%, 5/30/2033 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11340909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10986506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B 1 mo. <br> USD Term SOFR + <br> 2.75%, 6.42%, 5/30/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19732673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19179862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings <br> Intermediate LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 9/19/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19876447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19746554 |
| &nbsp;&nbsp;&nbsp;&nbsp; AmWINS Group, Inc.<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 1/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11196836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11135366 |
| Asurion LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term <br> Loan B4 1 mo. USD Term <br> SOFR + 5.25%, 9.03%, <br> 1/20/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 33612141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33447105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B12 1 mo. <br> USD Term SOFR + <br> 4.25%, 7.92%, 9/19/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4736197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4693903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B13 1 mo. <br> USD Term SOFR + <br> 4.25%, 7.92%, 9/19/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13552026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13416506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B14 1 mo. <br> USD Term SOFR + <br> 3.75%, 7.42%, 2/23/2033 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 30339338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29372423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baldwin Insurance Group <br> Holdings LLC<br> 2025 Term Loan B2 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.18%, 5/26/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3189200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3142701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadstreet Partners, Inc.<br> 2024 Term Loan B4 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 6/13/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 39291968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38390806 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Howden Group Holdings Ltd.<br> 2025 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 2/15/2031 <br> (a)<br>| $48697432 | &nbsp;&nbsp; $47286424 |
| &nbsp;&nbsp;&nbsp;&nbsp; HUB International Ltd.<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 6/20/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1225889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1224535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sedgwick Claims Management <br> Services, Inc.<br> 2023 Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 7/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17302005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17011591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trucordia Insurance <br> Holdings LLC<br> Term Loan B 1 mo. USD <br> Term SOFR + 3.25%, <br> 6.92%, 6/17/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13999335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12949385 |
| Truist Insurance Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B 3 mo. <br> USD Term SOFR + <br> 2.75%, 6.45%, 5/6/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2nd Lien Term Loan 3 mo. <br> USD Term SOFR + <br> 4.75%, 8.45%, 5/6/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13955785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13868562 |
| USI, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan C 3 mo. <br> USD Term SOFR + <br> 2.25%, 5.95%, 9/29/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D 3 mo. <br> USD Term SOFR + <br> 2.25%, 5.95%, 11/21/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277389 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 312604753 |
| **INTERNET & TELECOM — 2.3%**  | **INTERNET & TELECOM — 2.3%**  | **INTERNET & TELECOM — 2.3%**  |
| MH Sub I LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan 1 mo. USD <br> Term SOFR + 4.25%, <br> 7.92%, 5/3/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48634496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41947253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4 1 mo. <br> USD Term SOFR + <br> 4.25%, 7.92%, <br> 12/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14661303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9841400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newfold Digital Holdings <br> Group, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 New Money Tranche A <br> Term Loan 1 mo. USD <br> Term SOFR + 5.75%, <br> 9.42%, 4/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1556946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1183279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Tranche A Term Loan 1 <br> mo. USD Term SOFR + <br> 3.50%, 7.27%, 4/30/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10370283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7644351 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Tranche B Term Loan 1 <br> mo. USD Term SOFR + <br> 3.50%, 7.27%, 4/30/2029 <br> (a)<br>| $3701376 | &nbsp;&nbsp; $1221454 |
| &nbsp;&nbsp;&nbsp;&nbsp; Proofpoint, Inc.<br> 2025 Repriced Term Loan 3 <br> mo. USD Term SOFR + <br> 3.00%, 6.70%, 8/31/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27611456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26771653 |
| &nbsp;&nbsp;&nbsp;&nbsp; PUG LLC<br> 2024 Extended Term Loan B <br> 1 mo. USD Term SOFR + <br> 4.75%, 8.42%, 3/15/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2147269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2119762 |
| &nbsp;&nbsp;&nbsp;&nbsp; TripAdvisor, Inc.<br> Term Loan 1 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 7/8/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17988432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17118961 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 107848113 |
| **INVESTMENT COMPANIES — 0.1%**  | **INVESTMENT COMPANIES — 0.1%**  | **INVESTMENT COMPANIES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AAL Delaware Holdco, Inc.<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 7/30/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2522088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2522971 |
| **LEISURE TIME — 0.4%**  | **LEISURE TIME — 0.4%**  | **LEISURE TIME — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19th Holdings Golf LLC<br> 2022 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 7.02%, 2/7/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2549977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2549977 |
| Alterra Mountain Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B8 1 mo. <br> USD Term SOFR + <br> 2.50%, 6.17%, 5/31/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B9 1 mo. <br> USD Term SOFR + <br> 2.50%, 6.17%, 8/17/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995935 |
| &nbsp;&nbsp;&nbsp;&nbsp; GBT U.S. III LLC<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 7/25/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12533862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12301985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Time Fitness, Inc.<br> 2025 Term Loan 1 mo. USD <br> Term SOFR + 2.00%, <br> 5.67%, 11/5/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 615643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616413 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16938258 |
| **LODGING — 0.9%**  | **LODGING — 0.9%**  | **LODGING — 0.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC<br> 2022 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 1/27/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 31360749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30811936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., <br> Inc.<br> 2023 Term Loan B4 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.43%, 11/8/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3715000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3726424 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations <br> Borrower LLC<br> 2024 Incremental Term Loan <br> B 1 mo. USD Term SOFR + <br> 2.00%, 5.67%, 1/17/2031 <br> (a)<br>| $1237012 | &nbsp;&nbsp; $1235471 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turquoise Topco Ltd.<br> Term Loan B 3 mo. USD <br> Term SOFR + 0.19%, <br> 6.94%, 12/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4163538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4043858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, <br> Inc.<br> 2024 Term Loan 1 mo. USD <br> Term SOFR + 1.75%, <br> 5.42%, 5/24/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233310 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40050999 |
| **MACHINERY — 0.8%**  | **MACHINERY — 0.8%**  | **MACHINERY — 0.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allison Transmission, Inc.<br> 2025 Incremental Term Loan <br> B 1 mo. USD Term SOFR + <br> 1.75%, 5.42%, 1/2/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1709631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1717752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arcline FM Holdings LLC<br> 2025 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 2.75%, 6.45%, 6/23/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chart Industries, Inc.<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.16%, 3/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pro Mach Group, Inc.<br> 2025 1st Lien Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 10/15/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7935914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7931351 |
| TK Elevator Midco GmbH: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B 6 <br> mo. USD Term SOFR + <br> 2.75%, 6.38%, 4/30/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 26417446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26503699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Term Loan B (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1909137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1914311 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38493220 |
| **MACHINERY-CONSTRUCTION & MINING — 0.2%**  | **MACHINERY-CONSTRUCTION & MINING — 0.2%**  | **MACHINERY-CONSTRUCTION & MINING — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; WEC U.S. Holdings Ltd.<br> 2024 Term Loan 1 mo. USD <br> Term SOFR + 2.00%, <br> 5.67%, 1/27/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11204389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11197386 |
| **MEDIA — 1.6%**  | **MEDIA — 1.6%**  | **MEDIA — 1.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Altice France SA<br> 2025 USD Term Loan B14 3 <br> mo. USD Term SOFR + <br> 6.88%, 10.55%, 5/31/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32347590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32475686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cengage Learning, Inc.<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 3/24/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6173763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6060567 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC<br> 2024 Term Loan B5 3 mo. <br> USD Term SOFR + 2.25%, <br> 5.91%, 12/15/2031 (a)<br>| $1947885 | &nbsp;&nbsp; $1949960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cogeco Communications <br> Finance USA LP<br> 2023 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 9/18/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8170801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7771004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coral-U.S. Co-Borrower LLC<br> 2021 Term Loan B6 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.79%, 10/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14774216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14707067 |
| &nbsp;&nbsp;&nbsp;&nbsp; DirecTV Financing LLC<br> 2024 Term Loan (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1004090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gray Television, Inc.<br> 2021 Term Loan D 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.78%, 12/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2608674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2612847 |
| &nbsp;&nbsp;&nbsp;&nbsp; McGraw-Hill Global Education <br> Holdings LLC<br> 2025 1st Lien Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 8/6/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nexstar Broadcasting, Inc.<br> 2025 Term Loan B5 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 6/28/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5845600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5792873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radiate Holdco LLC<br> 2025 FLFO Term Loan 1 mo. <br> USD Term SOFR + 3.50%, <br> 7.28%, 9/25/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28340 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72748359 |
| **MISCELLANEOUS MANUFACTURER — 0.0%** <sup>\*</sup>  | **MISCELLANEOUS MANUFACTURER — 0.0%** <sup>\*</sup>  | **MISCELLANEOUS MANUFACTURER — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; CoorsTek, Inc.<br> Term Loan B 3 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 10/28/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Touchdown Acquirer, Inc.<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.16%, 2/21/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1977355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1952638 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2179445 |
| **PHARMACEUTICALS — 2.9%**  | **PHARMACEUTICALS — 2.9%**  | **PHARMACEUTICALS — 2.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkermes, Inc.<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 8/12/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1845455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1861611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 10/31/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp.<br> Term Loan B 3 mo. USD <br> Term SOFR + 4.00%, <br> 7.80%, 10/1/2027 (a)<br>| &nbsp;&nbsp;&nbsp; 114192113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111099790 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; HLF Financing SARL LLC<br> 2024 8th Amendment Term <br> Loan B 1 mo. USD Term <br> SOFR + 6.75%, 10.42%, <br> 4/12/2029 (a)<br>| $7352027 | &nbsp;&nbsp; $7382465 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Veterinary <br> Partners LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.18%, 12/4/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13346988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13249155 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 133831973 |
| **PIPELINES — 0.2%**  | **PIPELINES — 0.2%**  | **PIPELINES — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BIP PipeCo Holdings LLC<br> Term Loan B 3 mo. USD <br> Term SOFR + 2.25%, <br> 5.91%, 12/6/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1895545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colossus Acquireco LLC<br> Term Loan B 3 mo. USD <br> Term SOFR + 1.75%, <br> 5.38%, 7/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1089473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport LNG <br> Investments LLLP<br> Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2003760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oryx Midstream Services <br> Permian Basin LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.93%, 10/5/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3260966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3269118 |
| &nbsp;&nbsp;&nbsp;&nbsp; WhiteWater Matterhorn <br> Holdings LLC<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 1.75%, <br> 5.45%, 6/16/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240119 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8503152 |
| **REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.0%** <sup>\*</sup>  | **REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.0%** <sup>\*</sup>  | **REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc.<br> 2023 Term Loan B 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 1/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613609 |
| **RETAIL — 7.7%**  | **RETAIL — 7.7%**  | **RETAIL — 7.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1011778 B.C. Unlimited <br> Liability Co.<br> 2024 Term Loan B6 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 9/20/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3279373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3276110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boots Group Bidco Ltd.<br> USD Term Loan 3 mo. USD <br> Term SOFR + 3.25%, <br> 6.92%, 8/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5322711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5348207 |
| &nbsp;&nbsp;&nbsp;&nbsp; EG America LLC<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 2/10/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5987078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5999052 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Flynn Restaurant Group LP<br> 2025 Incremental Term Loan <br> 1 mo. USD Term SOFR + <br> 3.75%, 7.42%, 1/28/2032 <br> (a)<br>| $11497108 | &nbsp;&nbsp; $11318500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Great Outdoors Group LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 1/23/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58176229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58154413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harbor Freight Tools USA, Inc.<br> 2024 Term Loan B 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 6/11/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23294055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23087087 |
| &nbsp;&nbsp;&nbsp;&nbsp; IRB Holding Corp.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.18%, 12/16/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12477923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12462326 |
| &nbsp;&nbsp;&nbsp;&nbsp; K-Mac Holdings Corp.<br> 2025 Add-on Term Loan 1 <br> mo. USD Term SOFR + <br> 3.25%, 6.92%, 7/21/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kodiak Building Partners, Inc.<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 2.75%, <br> 9.50%, 12/4/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8613832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8625288 |
| &nbsp;&nbsp;&nbsp;&nbsp; Michaels Cos., Inc.<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 5.00%, <br> 8.67%, 3/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 70500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68565480 |
| Peer Holding III BV: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 2.25%, 5.95%, <br> 10/14/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17344784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17217387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B4B 3 <br> mo. USD Term SOFR + <br> 2.50%, 6.20%, <br> 10/28/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B5B 3 <br> mo. USD Term SOFR + <br> 2.50%, 6.20%, 7/1/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6148469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6143673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., <br> Inc.<br> 2026 Term Loan B 3 mo. <br> USD Term SOFR + 4.25%, <br> 7.95%, 2/3/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23767324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23283897 |
| &nbsp;&nbsp;&nbsp;&nbsp; PetSmart, Inc.<br> 2025 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 4.00%, 7.68%, 8/18/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21173124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21072552 |
| &nbsp;&nbsp;&nbsp;&nbsp; QXO, Inc.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 4/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616896 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Raising Cane's <br> Restaurants LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B 1 mo. <br> USD Term SOFR + <br> 2.00%, 5.67%, 9/18/2031 <br> (a)<br>| $615172 | &nbsp;&nbsp; $613539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B 1 mo. <br> USD Term SOFR + <br> 2.00%, 5.67%, 11/3/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5204900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5180515 |
| Restoration Hardware, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan <br> 1 mo. USD Term SOFR + <br> 3.25%, 7.02%, <br> 10/20/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 948113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.28%, 10/20/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20524172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20011067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spencer Spirit IH LLC<br> 2024 Term Loan B 1 mo. <br> USD Term SOFR + 4.00%, <br> 7.68%, 7/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5115432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5132492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Staples, Inc.<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 5.75%, <br> 9.41%, 9/4/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 45332949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41316676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tacala LLC<br> 2025 Repriced Term Loan B <br> 1 mo. USD Term SOFR + <br> 3.00%, 6.67%, 1/31/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1588660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1590503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Whatabrands LLC<br> 2024 1st Lien Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 8/3/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11003330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10998433 |
| &nbsp;&nbsp;&nbsp;&nbsp; White Cap Buyer LLC<br> 2024 Term Loan B 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 10/19/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8746511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8432774 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 360314497 |
| **SHIPBUILDING — 0.1%**  | **SHIPBUILDING — 0.1%**  | **SHIPBUILDING — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; LSF11 Trinity Bidco, Inc.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.18%, 6/14/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2638005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2638005 |
| **SOFTWARE — 20.1%**  | **SOFTWARE — 20.1%**  | **SOFTWARE — 20.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Apttus Corp.<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 3.50%, <br> 7.17%, 5/8/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2886929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2480363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ascend Learning LLC<br> 2025 Repriced Term Loan B <br> 1 mo. USD Term SOFR + <br> 3.00%, 6.67%, 12/11/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16159715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15812281 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Athenahealth Group, Inc.<br> 2022 Term Loan B 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 2/15/2029 (a)<br>| $49145698 | &nbsp;&nbsp; $48316365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avalara, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, <br> 6.45%, 3/26/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11813217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11562186 |
| &nbsp;&nbsp;&nbsp;&nbsp; BCPE Pequod Buyer, Inc.<br> USD Term Loan B 3 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 11/25/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58257 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEP Intermediate Holdco LLC<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 4/25/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487171 |
| Boxer Parent Co., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 5.75%, 9.42%, 7/30/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 39850234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33574022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 7/30/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 35433712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32949632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cast & Crew Payroll LLC<br> 2021 Incremental Term Loan <br> 3 mo. USD Term SOFR + <br> 3.75%, 7.42%, 12/29/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13023393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5232148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Central Parent, Inc.<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.95%, 7/6/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 71496758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51215988 |
| Cloud Software Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2031) 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 3/21/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49575370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45559765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2032) 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 8/13/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44763668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41086557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cloudera, Inc.<br> 2021 Term Loan 1 mo. USD <br> Term SOFR + 3.75%, <br> 7.52%, 10/8/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19440151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17411085 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoreLogic, Inc.<br> Term Loan 1 mo. USD Term <br> SOFR + 3.50%, 7.28%, <br> 6/2/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 53541785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51333454 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cornerstone OnDemand, Inc.<br> 2021 Term Loan 1 mo. USD <br> Term SOFR + 3.75%, <br> 7.53%, 10/16/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12976218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9525387 |
| Cotiviti Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 5/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 50106394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46286032 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Amendment Term <br> Loan 1 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 3/26/2032 (a)<br>| $11893735 | &nbsp;&nbsp; $10977918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cvent, Inc.<br> 2025 Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2117094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2018120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Inc.<br> 2026 Term Loan 3 mo. USD <br> Term SOFR + 3.00%, <br> 6.66%, 2/4/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 73341407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69572393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Disco Parent, Inc.<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 8/6/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 902521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887855 |
| &nbsp;&nbsp;&nbsp;&nbsp; ECI Macola Max Holding LLC<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, <br> 6.45%, 5/9/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Arts, Inc.<br> USD Term Loan B (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 45801942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45572932 |
| EP Purchaser LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B 3 mo. <br> USD Term SOFR + <br> 3.50%, 7.29%, 11/6/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15617617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9919998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B 3 mo. <br> USD Term SOFR + <br> 4.50%, 8.29%, 11/6/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6031392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3841243 |
| &nbsp;&nbsp;&nbsp;&nbsp; Epicor Software Corp.<br> 2024 Term Loan F 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 5/30/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3069095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3014818 |
| &nbsp;&nbsp;&nbsp;&nbsp; EverCommerce, Inc.<br> Term Loan B 1 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 7/7/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 926685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finastra USA, Inc.<br> 2025 USD Term Loan 3 mo. <br> USD Term SOFR + 4.00%, <br> 7.67%, 9/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 57347000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53989906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genesys Cloud Services <br> Holdings II LLC<br> 2025 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 1/30/2032 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21885088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20982328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Instructure Holdings, Inc.<br> 2025 Repriced Term Loan 3 <br> mo. USD Term SOFR + <br> 2.75%, 6.44%, 11/13/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85380 |
| Ivanti Software, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 4.75%, 8.41%, 6/1/2029 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11419749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7750298 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 7.25%, 11.17%, 6/1/2029 <br> (a)<br>| $7727910 | &nbsp;&nbsp; $2724088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Javelin Buyer, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 12/5/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 803011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mermaid Bidco, Inc.<br> 2024 USD Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.91%, 7/3/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7688455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7544297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metropolis Technologies, Inc.<br> 2025 Term Loan B 6 mo. <br> USD Term SOFR + 5.25%, <br> 8.98%, 11/3/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9381610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9293657 |
| Mitchell International, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Add-on Term Loan (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2274380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2176411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 6/17/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 45507432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43547199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Modena Buyer LLC<br> Term Loan 3 mo. USD Term <br> SOFR + 4.25%, 7.92%, <br> 7/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10668167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9611699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Planview Parent, Inc.<br> 2024 1st Lien Term Loan 3 <br> mo. USD Term SOFR + <br> 3.50%, 7.20%, 12/17/2027 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3488684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2627433 |
| &nbsp;&nbsp;&nbsp;&nbsp; PointClickCare Technologies, <br> Inc.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 11/3/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3271449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3258167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polaris Newco LLC<br> USD Term Loan B 3 mo. <br> USD Term SOFR + 3.75%, <br> 7.68%, 6/2/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17917835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15818133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Alpha Intermediate <br> Holding, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, <br> 10/26/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14537075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11081249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Incremental <br> Term Loan 3 mo. USD <br> Term SOFR + 5.00%, <br> 8.70%, 5/9/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6264695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3843390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Boost Purchaser LLC<br> 2025 Refinancing Term Loan <br> 3 mo. USD Term SOFR + <br> 2.75%, 6.45%, 7/16/2031 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2239056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2162939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Project Ruby Ultimate Parent <br> Corp.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.53%, 3/10/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6502887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6481232 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Quartz Acquireco LLC<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 2.25%, <br> 5.95%, 6/28/2030 (a)<br>| $587752 | &nbsp;&nbsp; $492242 |
| &nbsp;&nbsp;&nbsp;&nbsp; RealPage, Inc.<br> 1st Lien Term Loan 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.96%, 4/24/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 30882792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29656128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Relativity ODA LLC<br> 2026 Term Loan B 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 1/30/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rocket Software, Inc.<br> 2023 USD Term Loan B 1 <br> mo. USD Term SOFR + <br> 3.75%, 7.42%, 11/28/2028 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59915870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57606712 |
| &nbsp;&nbsp;&nbsp;&nbsp; SolarWinds Holdings, Inc.<br> 2025 Term Loan 3 mo. USD <br> Term SOFR + 4.00%, <br> 7.67%, 4/16/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4761133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4058866 |
| &nbsp;&nbsp;&nbsp;&nbsp; SS&C Technologies, Inc.<br> 2024 Term Loan B8 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 5/9/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9596690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9576873 |
| &nbsp;&nbsp;&nbsp;&nbsp; UKG, Inc.<br> 2024 Term Loan B 3 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 2/10/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 67637920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64725431 |
| &nbsp;&nbsp;&nbsp;&nbsp; VS Buyer LLC<br> 2025 Term Loan B 3 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 4/12/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10357998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10142189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Waystar Technologies, Inc.<br> 2025 Term Loan B 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 10/22/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605173 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 940439547 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SENIOR FLOATING** <br> **RATE LOANS**<br> (Cost $4,113,417,210)<br>|  | &nbsp;&nbsp; 4000146727 |
| **ASSET-BACKED SECURITIES — 3.0%** | **ASSET-BACKED SECURITIES — 3.0%** | **ASSET-BACKED SECURITIES — 3.0%** |
| **OTHER ABS — 3.0%**  | **OTHER ABS — 3.0%**  | **OTHER ABS — 3.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1988 CLO 3 Ltd.<br> Series 2023-3A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.25%, 9.92%, 10/15/2040 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1938420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1988 CLO 7 Ltd.<br> Series 2026-7A, Class E, 3 <br> mo. USD Term SOFR - <br> 5.35%, Zero Coupon, <br> 4/15/2039 (a)(c)(d)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977350 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; AGL CLO 15 Ltd.<br> Series 2021-15A, Class ER, <br> 3 mo. USD Term SOFR + <br> 4.95%, 8.62%, 1/20/2039 <br> (a)(c)<br>| $4000000 | &nbsp;&nbsp; $3666912 |
| &nbsp;&nbsp;&nbsp;&nbsp; AGL CLO 46 Ltd.<br> Series 2025-46A, Class E, 3 <br> mo. USD Term SOFR + <br> 4.75%, 8.42%, 1/22/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1943402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apidos CLO XXXIV<br> Series 2020-34A, <br> Class ER2, 3 mo. USD Term <br> SOFR + 4.80%, 8.53%, <br> 1/20/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1453987 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apidos CLO XXXVI<br> Series 2021-36A, Class ER, <br> 3 mo. USD Term SOFR + <br> 4.75%, 8.47%, 1/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4877470 |
| &nbsp;&nbsp;&nbsp;&nbsp; ARES Loan Funding I Ltd.<br> Series 2021-ALFA, <br> Class ER, 3 mo. USD Term <br> SOFR + 5.10%, 8.77%, <br> 4/15/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2862498 |
| ARES LXX CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-70A, <br> Class D1AR, 3 mo. USD <br> Term SOFR + 2.60%, <br> 6.27%, 1/25/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 983064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-70A, <br> Class D1BR, 3 mo. USD <br> Term SOFR + 3.05%, <br> 6.72%, 1/25/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 962303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-70A, Class ER, <br> 3 mo. USD Term SOFR + <br> 5.50%, 9.17%, 1/25/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1430834 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arini U.S. CLO IV Ltd.<br> Series 4A, Class E, 3 mo. <br> USD Term SOFR + 5.60%, <br> 9.27%, 1/15/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975972 |
| Bain Capital Credit CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-4A, Class DRR, <br> 3 mo. USD Term SOFR + <br> 2.90%, 6.57%, 4/23/2035 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2393885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, <br> 10/24/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1395167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ballyrock CLO 25 Ltd.<br> Series 2023-25A, Class DR, <br> 3 mo. USD Term SOFR + <br> 4.80%, 8.47%, 1/25/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2757693 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Barings CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class D1R, <br> 3 mo. USD Term SOFR + <br> 2.80%, 6.54%, 1/15/2039 <br> (a)(c)<br>| $1000000 | &nbsp;&nbsp; $982492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class D2R, <br> 3 mo. USD Term SOFR + <br> 3.25%, 6.99%, 1/15/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 941889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.25%, 9.99%, 1/15/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1937174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bayswater Park CLO Ltd.<br> Series 2023-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 4.70%, 8.37%, 1/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2851815 |
| &nbsp;&nbsp;&nbsp;&nbsp; BBAM U.S. CLO IV Ltd.<br> Series 2024-4A, Class D, 3 <br> mo. USD Term SOFR + <br> 6.25%, 9.92%, 7/15/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1986054 |
| &nbsp;&nbsp;&nbsp;&nbsp; BBAM U.S. CLO V Ltd.<br> Series 2025-5A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.50%, 9.17%, 7/25/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1937792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO <br> XXXV Ltd.<br> Series 2024-35A, Class D, 3 <br> mo. USD Term SOFR + <br> 3.30%, 6.97%, 4/25/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3772256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bethpage Park CLO Ltd.<br> Series 2021-1A, Class D, 3 <br> mo. USD Term SOFR + <br> 3.21%, 6.88%, 10/15/2036 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3800068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Birch Grove CLO 4 Ltd.<br> Series 2022-4A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.50%, 10.17%, 7/15/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3944760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blueberry Park CLO Ltd.<br> Series 2024-1A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.35%, 9.02%, 10/20/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2009085 |
| Carlyle U.S. CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-3A, <br> Class D2R3, 3 mo. USD <br> Term SOFR + 2.95%, <br> 6.62%, 4/20/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4762005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-3A, Class ER3, <br> 3 mo. USD Term SOFR + <br> 4.95%, 8.62%, 4/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2383002 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| CarVal CLO VI-C Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class D2R, <br> 3 mo. USD Term SOFR + <br> 3.10%, 6.76%, 3/21/2038 <br> (a)(c)<br>| $6000000 | &nbsp;&nbsp; $5688018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.10%, 9.76%, 3/21/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3540619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diameter Capital CLO 5 Ltd.<br> Series 2023-5A, Class A1R, <br> 3 mo. USD Term SOFR + <br> 1.24%, 4.91%, 1/15/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9992000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eldridge CLO Ltd.<br> Series 2025-1A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.30%, 9.22%, 10/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2476449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elmwood CLO 37 Ltd.<br> Series 2024-13A, Class F, 3 <br> mo. USD Term SOFR + <br> 7.25%, 10.92%, 1/17/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2267257 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elmwood CLO 41 Ltd.<br> Series 2025-4A, Class F, 3 <br> mo. USD Term SOFR + <br> 7.50%, 11.17%, 7/17/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 954348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elmwood CLO 42 Ltd.<br> Series 2025-5A, Class F, 3 <br> mo. USD Term SOFR + <br> 7.50%, 11.17%, 3/31/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2190980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy 32 CLO Ltd.<br> Series 2023-32A, Class ER, <br> 3 mo. USD Term SOFR + <br> 5.85%, 9.52%, 1/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1321732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Greenacre Park CLO LLC<br> Series 2021-2A, Class D1R, <br> 3 mo. USD Term SOFR + <br> 3.10%, 6.77%, 7/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2865159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnetite XXXV Ltd.<br> Series 2022-35A, <br> Class ERR, 3 mo. USD Term <br> SOFR + 4.80%, 8.52%, <br> 1/25/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1212495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meacham Park CLO Ltd.<br> Series 2024-1A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.35%, 9.02%, 10/20/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 913869 |
| &nbsp;&nbsp;&nbsp;&nbsp; MidOcean Credit CLO XIII Ltd.<br> Series 2023-13A, Class ER, <br> 3 mo. USD Term SOFR + <br> 5.00%, 8.64%, 1/21/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4835085 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; MidOcean Credit CLO XIV Ltd.<br> Series 2024-14A, Class ER, <br> 3 mo. USD Term SOFR + <br> 6.14%, 9.85%, 4/15/2037 <br> (a)(c)<br>| $1000000 | &nbsp;&nbsp; $1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; MidOcean Credit CLO XV Ltd.<br> Series 2024-15A, Class D, 3 <br> mo. USD Term SOFR + <br> 3.35%, 7.02%, 7/21/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984042 |
| &nbsp;&nbsp;&nbsp;&nbsp; MidOcean Credit CLO XXII<br> Series 2026-22A, Class E, 3 <br> mo. USD Term SOFR + <br> 4.90%, 8.57%, 4/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1480719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neuberger Berman Loan <br> Advisers CLO 61 Ltd.<br> Series 2025-61A, Class E, 3 <br> mo. USD Term SOFR + <br> 4.90%, 8.57%, 7/17/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1236703 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Mountain CLO 3 Ltd.<br> Series CLO-3A, Class D1R, <br> 3 mo. USD Term SOFR + <br> 2.95%, 6.62%, 10/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 991620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Orion CLO Ltd.<br> Series 2023-2A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.00%, 9.67%, 1/25/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 966503 |
| Palmer Square CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3A, Class ER, 3 <br> mo. USD Term SOFR + <br> 4.85%, 8.52%, 1/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8910997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.20%, 8.87%, <br> 10/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 956702 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rad CLO 20 Ltd.<br> Series 2023-20A, Class DR, <br> 3 mo. USD Term SOFR + <br> 6.40%, 10.07%, 7/20/2040 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2351417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rad CLO 23 Ltd.<br> Series 2024-23A, Class E, 3 <br> mo. USD Term SOFR + <br> 6.75%, 10.42%, 4/20/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1398974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regatta VI Funding Ltd.<br> Series 2016-1A, Class FR3, <br> 3 mo. USD Term SOFR + <br> 8.41%, 12.08%, 10/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 860760 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Regatta XIX Funding Ltd.<br> Series 2022-1A, Class ER, 3 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 10/20/2038 <br> (a)(c)<br>| $1062500 | &nbsp;&nbsp; $1035006 |
| Regatta XXII Funding Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2A, <br> Class D1R2, 3 mo. USD <br> Term SOFR + 2.60%, <br> 6.27%, 1/15/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2A, <br> Class D2R2, 3 mo. USD <br> Term SOFR + 3.05%, <br> 6.72%, 1/15/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 964957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2A, Class ER2, <br> 3 mo. USD Term SOFR + <br> 5.75%, 9.42%, 1/15/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2903751 |
| &nbsp;&nbsp;&nbsp;&nbsp; RIN XIII LLC<br> Series 2026-1A, Class D, 3 <br> mo. USD Term SOFR + <br> 2.85%, 6.51%, 4/15/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2970177 |
| &nbsp;&nbsp;&nbsp;&nbsp; RR 7 Ltd.<br> Series 2019-7A, Class D1B, <br> 3 mo. USD Term SOFR + <br> 6.50%, 10.17%, 1/15/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1859738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sixth Street CLO XXII Ltd.<br> Series 2023-22A, <br> Class D1R, 3 mo. USD Term <br> SOFR + 2.65%, 6.32%, <br> 4/21/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 959065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trestles CLO X Ltd.<br> Series 2026-10A, Class E, 3 <br> mo. USD Term SOFR + <br> 4.90%, 8.58%, 4/20/2039 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1477962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO XXI Ltd.<br> Series 2022-21A, Class ER, <br> 3 mo. USD Term SOFR + <br> 5.50%, 9.17%, 4/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vibrant CLO IV-R Ltd.<br> Series 2024-4RA, Class D1, <br> 3 mo. USD Term SOFR + <br> 3.75%, 7.42%, 10/20/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4924795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Whitebox CLO V Ltd.<br> Series 2025-5A, Class E, 3 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 7/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2159449 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 140500224 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED** <br> **SECURITIES**<br> (Cost $145,227,395)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 140500224 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS — 0.6%** | **COMMON STOCKS — 0.6%** | **COMMON STOCKS — 0.6%** |
| **ELECTRICAL EQUIPMENT — 0.1%**  | **ELECTRICAL EQUIPMENT — 0.1%**  | **ELECTRICAL EQUIPMENT — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Luxco Co. Ltd. (e) (f) | &nbsp;&nbsp;&nbsp; 280944 | &nbsp;&nbsp; $4742258 |
| **ENTERTAINMENT — 0.4%**  | **ENTERTAINMENT — 0.4%**  | **ENTERTAINMENT — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cineworld Group PLC (e) (f) | 1063146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19003735 |
| **HEALTH CARE PROVIDERS & SERVICES — 0.1%**  | **HEALTH CARE PROVIDERS & SERVICES — 0.1%**  | **HEALTH CARE PROVIDERS & SERVICES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Envision Healthcare Corp. <br> (e) (f)<br>| &nbsp;&nbsp;&nbsp; 154531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2678486 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (Cost $31,375,347)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26424479 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>|  |
| **CORPORATE BONDS & NOTES — 7.9%** | **CORPORATE BONDS & NOTES — 7.9%** | **CORPORATE BONDS & NOTES — 7.9%** |
| **ADVERTISING — 0.1%**  | **ADVERTISING — 0.1%**  | **ADVERTISING — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamar Media Corp. <br> 3.75%, 2/15/2028<br>| $1000000 | &nbsp;&nbsp;&nbsp; 972980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stagwell Global LLC <br> 5.63%, 8/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1961000 | &nbsp;&nbsp; 1869284 |
|  |  | &nbsp;&nbsp; 2842264 |
| **AEROSPACE & DEFENSE — 0.1%**  | **AEROSPACE & DEFENSE — 0.1%**  | **AEROSPACE & DEFENSE — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; TransDigm, Inc. <br> 6.38%, 3/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4660000 | &nbsp;&nbsp; 4754738 |
| **AIRLINES — 0.1%**  | **AIRLINES — 0.1%**  | **AIRLINES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue <br> Loyalty LP <br> 9.88%, 9/20/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4587000 | &nbsp;&nbsp; 4334990 |
| **APPAREL — 0.0%** <sup>\*</sup>  | **APPAREL — 0.0%** <sup>\*</sup>  | **APPAREL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Under Armour, Inc. <br> 7.25%, 7/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1090000 | &nbsp;&nbsp; 1102067 |
| &nbsp;&nbsp;&nbsp;&nbsp; William Carter Co. <br> 7.38%, 2/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp;&nbsp; 592145 |
|  |  | &nbsp;&nbsp; 1694212 |
| **AUTO MANUFACTURERS — 0.1%**  | **AUTO MANUFACTURERS — 0.1%**  | **AUTO MANUFACTURERS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; JB Poindexter & Co., Inc. <br> 8.75%, 12/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510000 | &nbsp;&nbsp;&nbsp; 517645 |
| Nissan Motor Co. Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 9/17/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4102000 | &nbsp;&nbsp; 3718176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 7/17/2035 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp; 401837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wabash National Corp. <br> 4.50%, 10/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1280000 | &nbsp;&nbsp; 1126886 |
|  |  | &nbsp;&nbsp; 5764544 |
| **AUTO PARTS & EQUIPMENT — 0.1%**  | **AUTO PARTS & EQUIPMENT — 0.1%**  | **AUTO PARTS & EQUIPMENT — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cooper-Standard Automotive, <br> Inc. <br> 9.25%, 3/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1390000 | &nbsp;&nbsp; 1313786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cyprium Corp./Cyprium <br> Holdings Luxembourg <br> SARL:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 4/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326000 | &nbsp;&nbsp;&nbsp; 322323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 4/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384000 | &nbsp;&nbsp;&nbsp; 373141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co. <br> 5.00%, 7/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730000 | &nbsp;&nbsp;&nbsp; 692558 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Phinia, Inc. <br> 6.75%, 4/15/2029 (c)<br>| $174000 | &nbsp;&nbsp; $177611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc. <br> 5.75%, 8/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tenneco, Inc. <br> 8.00%, 11/17/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758852 |
| ZF North America Capital, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 4/23/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1049213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 3/24/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215846 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5080551 |
| **BANKS — 0.0%** <sup>\*</sup>  | **BANKS — 0.0%** <sup>\*</sup>  | **BANKS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Corp. <br> 12.25%, 10/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323790 |
| **CHEMICALS — 0.3%**  | **CHEMICALS — 0.3%**  | **CHEMICALS — 0.3%**  |
| Celanese U.S. Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 2/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 2/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1421000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1457704 |
| Chemours Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 939380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 3/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1602000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1601455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 1/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3291000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3308673 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVR Partners LP/CVR <br> Nitrogen Finance Corp. <br> 6.13%, 6/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1763000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1754714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FMC Corp. <br> 3.45%, 10/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 778868 |
| Huntsman International LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 6/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 5/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nufarm Australia Ltd./Nufarm <br> Americas, Inc. <br> 5.00%, 1/27/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Olin Corp. <br> 6.63%, 4/1/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1285794 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12327365 |
| **COAL — 0.0%** <sup>\*</sup>  | **COAL — 0.0%** <sup>\*</sup>  | **COAL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; SunCoke Energy, Inc. <br> 4.88%, 6/30/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1454281 |
| **COMMERCIAL SERVICES — 0.3%**  | **COMMERCIAL SERVICES — 0.3%**  | **COMMERCIAL SERVICES — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Albion Financing 1 <br> SARL/Aggreko Holdings, <br> Inc. <br> 7.00%, 5/21/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alta Equipment Group, Inc. <br> 9.00%, 6/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1117000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 996308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avis Budget Car <br> Rental LLC/Avis Budget <br> Finance, Inc. <br> 8.38%, 6/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1118497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carriage Services, Inc. <br> 4.25%, 5/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1016607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cimpress PLC <br> 7.38%, 9/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1681000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1666375 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Clarivate Science Holdings <br> Corp. <br> 4.88%, 7/1/2029 (c)<br>| $200000 | &nbsp;&nbsp; $172186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dcli Bidco LLC <br> 7.75%, 11/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363744 |
| Deluxe Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 6/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1964000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1978848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 9/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 978000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1018235 |
| &nbsp;&nbsp;&nbsp;&nbsp; PROG Holdings, Inc. <br> 6.00%, 11/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1830873 |
| &nbsp;&nbsp;&nbsp;&nbsp; RR Donnelley & Sons Co. <br> 9.50%, 8/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Service Corp. International <br> 3.38%, 8/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776193 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veritiv Operating Co. <br> 10.50%, 11/30/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560731 |
| &nbsp;&nbsp;&nbsp;&nbsp; VM Consolidated, Inc. <br> 5.50%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222201 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12821042 |
| **COMPUTERS — 0.1%**  | **COMPUTERS — 0.1%**  | **COMPUTERS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Crane NXT Co. <br> 4.20%, 3/15/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Science Applications <br> International Corp. <br> 4.88%, 4/1/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800336 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1994079 |
| **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  | **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  | **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Miter Brands Acquisition <br> Holdco, Inc./MIWD <br> Borrower LLC <br> 6.75%, 4/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Smyrna Ready Mix <br> Concrete LLC <br> 8.88%, 11/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 818240 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1287356 |
| **DIVERSIFIED FINANCIAL SERVICES — 0.7%**  | **DIVERSIFIED FINANCIAL SERVICES — 0.7%**  | **DIVERSIFIED FINANCIAL SERVICES — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ally Financial, Inc. <br> 6.70%, 2/14/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1128523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc. <br> 10.00%, 8/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Azorra Finance Ltd. <br> 6.25%, 2/15/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc. <br> 6.75%, 5/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 882000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit Acceptance Corp. <br> 6.63%, 3/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2340288 |
| &nbsp;&nbsp;&nbsp;&nbsp; CrossCountry Intermediate <br> HoldCo LLC <br> 6.75%, 12/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 631006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Encore Capital Group, Inc. <br> 6.63%, 4/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3178000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3175680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enova International, Inc. <br> 9.13%, 8/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2987000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3067350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Focus Financial Partners LLC <br> 6.75%, 9/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785868 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage <br> Holdings LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 4/1/2033 (c) | $220000 | &nbsp;&nbsp; $206364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 4/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 965000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jane Street Group/JSG <br> Finance, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 5/1/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1324000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1343887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 4/30/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN <br> Co-Issuer Corp. <br> 6.63%, 10/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 628142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jefferson Capital Holdings LLC <br> 8.25%, 5/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448520 |
| Navient Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 7/25/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2777000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2709769 |
| OneMain Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 3/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 9/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1596000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1533612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Osaic Holdings, Inc. <br> 6.75%, 8/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 719150 |
| &nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 2/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 568000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 11/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319296 |
| PRA Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 1/31/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 966000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 976307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rfna LP <br> 7.88%, 2/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stonex Escrow Issuer LLC <br> 6.88%, 7/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1154000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1169152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial <br> 7.25%, 2/2/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1994000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2033840 |
| &nbsp;&nbsp;&nbsp;&nbsp; TrueNoord Capital DAC <br> 8.75%, 3/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377359 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Wholesale <br> Mortgage LLC <br> 5.50%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570893 |
| UWM Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 3/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 2/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Velocity Commercial <br> Capital LLC <br> 9.38%, 2/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111913 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30045057 |
| **ELECTRIC — 0.0%** <sup>\*</sup>  | **ELECTRIC — 0.0%** <sup>\*</sup>  | **ELECTRIC — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Leeward Renewable Energy <br> Operations LLC <br> 4.25%, 7/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335223 |
| **ENGINEERING & CONSTRUCTION — 0.0%** <sup>\*</sup>  | **ENGINEERING & CONSTRUCTION — 0.0%** <sup>\*</sup>  | **ENGINEERING & CONSTRUCTION — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; ATP Tower Holdings/Andean <br> Telecom Partners Chile <br> SpA/Andean Tower Partners <br> C <br> 7.88%, 2/3/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354907 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; TopBuild Corp. <br> 3.63%, 3/15/2029 (c)<br>| $990000 | &nbsp;&nbsp; $942193 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weekley Homes LLC/Weekley <br> Finance Corp. <br> 6.75%, 1/15/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363290 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1660390 |
| **ENTERTAINMENT — 0.1%**  | **ENTERTAINMENT — 0.1%**  | **ENTERTAINMENT — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Churchill Downs, Inc. <br> 4.75%, 1/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1986000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1960440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Discovery Global Holdings, Inc. <br> 4.28%, 3/15/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3196000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2829547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Great Canadian Gaming <br> Corp./Raptor LLC <br> 8.75%, 11/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voyager Parent LLC <br> 9.25%, 7/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759057 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5978110 |
| **ENVIRONMENTAL CONTROL — 0.0%** <sup>\*</sup>  | **ENVIRONMENTAL CONTROL — 0.0%** <sup>\*</sup>  | **ENVIRONMENTAL CONTROL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Wrangler Holdco Corp. <br> 6.63%, 4/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1040542 |
| **FOOD — 0.2%**  | **FOOD — 0.2%**  | **FOOD — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; B&G Foods, Inc. <br> 8.00%, 9/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4331000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4265818 |
| Post Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 9/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 3/15/2036 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460929 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Foods, Inc. <br> 4.75%, 2/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3950440 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8881039 |
| **FOREST PRODUCTS & PAPER — 0.0%** <sup>\*</sup>  | **FOREST PRODUCTS & PAPER — 0.0%** <sup>\*</sup>  | **FOREST PRODUCTS & PAPER — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnera Corp. <br> 7.25%, 11/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482123 |
| **HEALTH CARE SERVICES — 0.1%**  | **HEALTH CARE SERVICES — 0.1%**  | **HEALTH CARE SERVICES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories <br> International, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 3/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1602593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 5/1/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146496 |
| &nbsp;&nbsp;&nbsp;&nbsp; CHS/Community Health <br> Systems, Inc. <br> 6.13%, 4/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1866759 |
| &nbsp;&nbsp;&nbsp;&nbsp; DaVita, Inc. <br> 6.88%, 9/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prime Healthcare Services, Inc. <br> 9.38%, 9/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 684129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Select Medical Corp. <br> 6.25%, 12/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Parent, Inc. <br> 9.00%, 10/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550575 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5118497 |
| **HOLDING COMPANIES-DIVERSIFIED — 0.0%** <sup>\*</sup>  | **HOLDING COMPANIES-DIVERSIFIED — 0.0%** <sup>\*</sup>  | **HOLDING COMPANIES-DIVERSIFIED — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Clue Opco LLC <br> 9.50%, 10/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62215 |
| Stena International SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 1/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404100 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 2/15/2031 (c) | $110000 | &nbsp;&nbsp; $112279 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 578594 |
| **HOME BUILDERS — 0.3%**  | **HOME BUILDERS — 0.3%**  | **HOME BUILDERS — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ashton Woods <br> USA LLC/Ashton Woods <br> Finance Co. <br> 6.88%, 8/1/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 579180 |
| Beazer Homes USA, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 3/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2112627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Residential <br> Properties, Inc./Brookfield <br> Residential U.S. LLC <br> 4.88%, 2/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 645092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Century Communities, Inc. <br> 3.88%, 8/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2041000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1915785 |
| &nbsp;&nbsp;&nbsp;&nbsp; LGI Homes, Inc. <br> 7.00%, 11/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1678000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1562587 |
| &nbsp;&nbsp;&nbsp;&nbsp; M/I Homes, Inc. <br> 4.95%, 2/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1811352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mattamy Group Corp. <br> 6.00%, 12/15/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Risewell Homes, Inc. <br> 8.50%, 11/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Communities, <br> Inc. <br> 5.75%, 1/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3996703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. <br> 5.70%, 6/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765224 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14684260 |
| **HOME FURNISHINGS — 0.0%** <sup>\*</sup>  | **HOME FURNISHINGS — 0.0%** <sup>\*</sup>  | **HOME FURNISHINGS — 0.0%** <sup>\*</sup>  |
| Whirlpool Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 6/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136873 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 881531 |
| **HOUSEHOLD PRODUCTS — 0.1%**  | **HOUSEHOLD PRODUCTS — 0.1%**  | **HOUSEHOLD PRODUCTS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Edgewell Personal Care Co. <br> 4.13%, 4/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prestige Brands, Inc. <br> 3.75%, 4/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3037322 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3207381 |
| **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; ACCO Brands Corp. <br> 4.25%, 3/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1588000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1418322 |
| **HOUSEWARES — 0.0%** <sup>\*</sup>  | **HOUSEWARES — 0.0%** <sup>\*</sup>  | **HOUSEWARES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Central Garden & Pet Co. <br> 4.13%, 10/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350192 |
| **INSURANCE — 0.1%**  | **INSURANCE — 0.1%**  | **INSURANCE — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance, <br> Inc. <br> 7.50%, 11/6/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476138 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings <br> Intermediate LLC/Alliant <br> Holdings Co-Issuer <br> 7.00%, 1/15/2031 (c)<br>| $740000 | &nbsp;&nbsp; $746305 |
| &nbsp;&nbsp;&nbsp;&nbsp; APH Somerset Investor 2 <br> LLC/APH2 Somerset <br> Investor 2 LLC/APH3 <br> Somerset Investor 2 LLC <br> 7.88%, 11/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 12/31/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1774000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1841749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 2/1/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance <br> Management, Inc. <br> 8.50%, 3/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nassau Cos., of New York <br> 7.88%, 7/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383241 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5463277 |
| **INTERNET — 0.1%**  | **INTERNET — 0.1%**  | **INTERNET — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ANGI Group LLC <br> 3.88%, 8/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gen Digital, Inc. <br> 7.13%, 9/30/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wayfair LLC <br> 7.75%, 9/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3475337 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3759428 |
| **INVESTMENT COMPANY SECURITIES — 0.1%**  | **INVESTMENT COMPANY SECURITIES — 0.1%**  | **INVESTMENT COMPANY SECURITIES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn <br> Enterprises Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 2/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 581792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 1/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1634204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 11/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2082000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2048417 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4264413 |
| **IRON/STEEL — 0.1%**  | **IRON/STEEL — 0.1%**  | **IRON/STEEL — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc. <br> 7.63%, 1/15/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 952156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mineral Resources Ltd. <br> 7.00%, 4/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4588000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4683797 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5635953 |
| **IT SERVICES — 0.1%**  | **IT SERVICES — 0.1%**  | **IT SERVICES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ASGN, Inc. <br> 4.63%, 5/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1264000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1223413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pitney Bowes, Inc. <br> 7.25%, 3/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2241071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seagate Data Storage <br> Technology Pte. Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/1/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 829000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 828155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 7/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1922073 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6214712 |
| **LEISURE TIME — 0.0%** <sup>\*</sup>  | **LEISURE TIME — 0.0%** <sup>\*</sup>  | **LEISURE TIME — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Patrick Industries, Inc. <br> 4.75%, 5/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 611000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594888 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **LODGING — 0.1%**  | **LODGING — 0.1%**  | **LODGING — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 5/1/2029 (c) | $202000 | &nbsp;&nbsp; $193738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 5/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 947299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations <br> Borrower LLC/Hilton Grand <br> Vacations Borrower, Inc. <br> 5.00%, 6/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2922000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2777391 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3918428 |
| **MACHINERY-DIVERSIFIED — 0.0%** <sup>\*</sup>  | **MACHINERY-DIVERSIFIED — 0.0%** <sup>\*</sup>  | **MACHINERY-DIVERSIFIED — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Esab Corp. <br> 6.25%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mueller Water Products, Inc. <br> 4.00%, 6/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370095 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613215 |
| **MEDIA — 0.2%**  | **MEDIA — 0.2%**  | **MEDIA — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 6/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 591900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 2/1/2036 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 447746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv <br> Financing Co-Obligor, Inc. <br> 10.00%, 2/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1711000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1746863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dotdash Meredith, Inc. <br> 7.63%, 6/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405693 |
| Gray Media, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2272000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1755733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 687530 |
| &nbsp;&nbsp;&nbsp;&nbsp; iHeartCommunications, Inc. <br> 10.88%, 5/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sinclair Television Group, Inc. <br> 5.50%, 3/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Univision Communications, Inc. <br> 8.50%, 7/31/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1404228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Secured Finance <br> PLC <br> 4.50%, 8/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824027 |
| VZ Secured Financing BV: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 1/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 1/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1005000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949343 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9652119 |
| **METAL FABRICATE & HARDWARE — 0.1%**  | **METAL FABRICATE & HARDWARE — 0.1%**  | **METAL FABRICATE & HARDWARE — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Park-Ohio Industries, Inc. <br> 8.50%, 8/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1155425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roller Bearing Co. of America, <br> Inc. <br> 4.38%, 10/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1291164 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2446589 |
| **MINING — 0.0%** <sup>\*</sup>  | **MINING — 0.0%** <sup>\*</sup>  | **MINING — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compass Minerals <br> International, Inc. <br> 8.00%, 7/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416231 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Novelis Corp. <br> 4.75%, 1/30/2030 (c)<br>| $1140000 | &nbsp;&nbsp; $1079728 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1495959 |
| **OIL & GAS — 0.8%**  | **OIL & GAS — 0.8%**  | **OIL & GAS — 0.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Resources Corp. <br> 7.00%, 1/15/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2986000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3004065 |
| CNX Resources Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 3/1/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 628797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 1/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400667 |
| Comstock Resources, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 1/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 863944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 3/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1758000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1734285 |
| Crescent Energy Finance LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 4/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1277728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 1/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 842000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880193 |
| CVR Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 2/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 2/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 957836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gulfport Energy Operating <br> Corp. <br> 6.75%, 9/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1739000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1779484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp <br> Finance Co.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 5/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 2/15/2035 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 737913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ithaca Energy North Sea PLC <br> 8.13%, 10/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kraken Oil & Gas Partners LLC <br> 7.63%, 8/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 447080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy Oil Corp. <br> 6.50%, 2/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585321 |
| Nabors Industries, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 11/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 8/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3353000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3496240 |
| Northern Oil & Gas, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 10/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1291000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1336714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 6/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1064000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1107060 |
| &nbsp;&nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 9/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 3/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3352706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Precision Drilling Corp. <br> 6.88%, 1/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 881000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saturn Oil & Gas, Inc. <br> 9.63%, 6/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1653000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1738311 |
| &nbsp;&nbsp;&nbsp;&nbsp; SM Energy Co. <br> 6.75%, 8/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1146000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1164072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunoco LP/Sunoco Finance <br> Corp. <br> 4.50%, 5/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1766000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1721514 |
| Talos Production, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 2/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 2/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3412562 |
| Transocean International Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 4/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 677520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 5/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2034675 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 5/15/2031 (c) | $1230000 | &nbsp;&nbsp; $1292177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wildfire Intermediate <br> Holdings LLC <br> 7.50%, 10/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384305 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38734797 |
| **OIL & GAS SERVICES — 0.2%**  | **OIL & GAS SERVICES — 0.2%**  | **OIL & GAS SERVICES — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kodiak Gas Services LLC <br> 5.88%, 4/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Holding LLC <br> 8.75%, 8/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tidewater, Inc. <br> 9.13%, 7/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2066000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2205600 |
| &nbsp;&nbsp;&nbsp;&nbsp; USA Compression <br> Partners LP/USA <br> Compression Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/1/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 672000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 669776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 3/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2623000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2684273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viridien <br> 10.00%, 10/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 874000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 929079 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7341451 |
| **PACKAGING & CONTAINERS — 0.2%**  | **PACKAGING & CONTAINERS — 0.2%**  | **PACKAGING & CONTAINERS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, <br> Inc. <br> 6.75%, 7/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2221000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2240256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition <br> Holdings, Inc. <br> 6.63%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491540 |
| &nbsp;&nbsp;&nbsp;&nbsp; OI European Group BV <br> 4.75%, 2/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2966000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2754346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Owens-Brockway Glass <br> Container, Inc. <br> 7.38%, 6/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495166 |
| &nbsp;&nbsp;&nbsp;&nbsp; TriMas Corp. <br> 4.13%, 4/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2060000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1960873 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7942181 |
| **PHARMACEUTICALS — 0.2%**  | **PHARMACEUTICALS — 0.2%**  | **PHARMACEUTICALS — 0.2%**  |
| AdaptHealth LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 8/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2742376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 3/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1742000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1670108 |
| &nbsp;&nbsp;&nbsp;&nbsp; HLF Financing <br> SARL LLC/Herbalife <br> International, Inc. <br> 4.88%, 6/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4089000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3831884 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8244368 |
| **PIPELINES — 0.3%**  | **PIPELINES — 0.3%**  | **PIPELINES — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream <br> Partners LP/Antero <br> Midstream Finance Corp. <br> 5.75%, 10/15/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2342000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2317854 |
| Buckeye Partners LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 3/1/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 778134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 2/1/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164973 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Delek Logistics <br> Partners LP/Delek Logistics <br> Finance Corp. <br> 7.38%, 6/30/2033 (c)<br>| $3045000 | &nbsp;&nbsp; $3068294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genesis Energy LP/Genesis <br> Energy Finance Corp. <br> 6.75%, 3/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harvest Midstream I LP <br> 7.50%, 5/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hess Midstream Operations LP <br> 5.88%, 3/1/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 839000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845578 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGL Energy <br> Operating LLC/NGL Energy <br> Finance Corp. <br> 8.38%, 2/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3951000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4083161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Summit Midstream <br> Holdings LLC <br> 8.63%, 10/31/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1606000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1654196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Venture Global LNG, Inc. <br> 8.38%, 6/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1476772 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15685012 |
| **REAL ESTATE — 0.1%**  | **REAL ESTATE — 0.1%**  | **REAL ESTATE — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Five Point Operating Co. LP <br> 8.00%, 10/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409287 |
| Howard Hughes Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 2/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 2/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 872793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 3/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 3/1/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 441172 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2361412 |
| **REAL ESTATE INVESTMENT TRUSTS — 0.5%**  | **REAL ESTATE INVESTMENT TRUSTS — 0.5%**  | **REAL ESTATE INVESTMENT TRUSTS — 0.5%**  |
| Arbor Realty SR, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 7/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 643000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 12/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1208856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Property REIT, <br> Inc./BPR Cumulus LLC/BPR <br> Nimbus LLC/GGSI <br> Sellco LLC <br> 4.50%, 4/1/2027 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411394 |
| Diversified Healthcare Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 3/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2498266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 2/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1782000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1710863 |
| &nbsp;&nbsp;&nbsp;&nbsp; MPT Operating <br> Partnership LP/MPT Finance <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 8/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5834000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4544686 |
| Rithm Capital Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 4/1/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 638000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 628768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 7/15/2030 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3546000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3427954 |
| Service Properties Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800344 |
| Starwood Property Trust, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2746649 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 7/1/2030 (c) | $1110000 | &nbsp;&nbsp; $1127061 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20919532 |
| **RETAIL — 1.0%**  | **RETAIL — 1.0%**  | **RETAIL — 1.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1011778 BC ULC/New Red <br> Finance, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 1/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 638000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 629419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 9/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110602 |
| FirstCash, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 9/1/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4138893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 3/1/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 858543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kohl's Corp. <br> 5.55%, 7/17/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 905000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516420 |
| &nbsp;&nbsp;&nbsp;&nbsp; Men's Wearhouse LLC <br> 9.00%, 2/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420087 |
| Michaels Cos., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 3/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3458000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3367366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 3/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp; 28556000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26636751 |
| Nordstrom, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 4/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 1/15/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 436411 |
| &nbsp;&nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., <br> Inc. <br> 8.25%, 2/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119838 |
| &nbsp;&nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart <br> Finance Corp. <br> 7.50%, 9/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Staples, Inc. <br> 12.75%, 1/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7146543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4821558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Suburban Propane <br> Partners LP/Suburban <br> Energy Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 6/1/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 799123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/15/2035 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2312000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2247750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Superior Plus LP/Superior <br> General Partner, Inc. <br> 4.50%, 3/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1934000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1845926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Victra Holdings LLC/Victra <br> Finance Corp. <br> 8.75%, 9/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393885 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48370987 |
| **SOFTWARE — 0.6%**  | **SOFTWARE — 0.6%**  | **SOFTWARE — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Capstone Borrower, Inc. <br> 8.00%, 6/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9369266 |
| Cloud Software Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 3/31/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2189430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 8/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 6/30/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465676 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoreWeave, Inc. <br> 9.00%, 2/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4772000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4538554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fair Isaac Corp. <br> 4.00%, 6/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3477000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3375437 |
| &nbsp;&nbsp;&nbsp;&nbsp; OAK-Eagle Acquireco, Inc. <br> 7.25%, 7/1/2033 (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Open Text Corp. <br> 3.88%, 2/15/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3216487 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; PTC, Inc. <br> 4.00%, 2/15/2028 (c)<br>| $1421000 | &nbsp;&nbsp; $1387819 |
| &nbsp;&nbsp;&nbsp;&nbsp; RingCentral, Inc. <br> 8.50%, 8/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Twilio, Inc. <br> 3.63%, 3/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1437967 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26538716 |
| **TELECOMMUNICATIONS — 0.3%**  | **TELECOMMUNICATIONS — 0.3%**  | **TELECOMMUNICATIONS — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; APLD ComputeCo 2 LLC <br> 6.75%, 3/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 784000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779555 |
| &nbsp;&nbsp;&nbsp;&nbsp; APLD ComputeCo LLC <br> 9.25%, 12/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 865536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cipher Compute LLC <br> 7.13%, 11/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 642537 |
| &nbsp;&nbsp;&nbsp;&nbsp; EchoStar Corp. <br> 10.75%, 11/30/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1641000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1772280 |
| &nbsp;&nbsp;&nbsp;&nbsp; SV RNO Property Owner 1 <br> LLC <br> 5.88%, 3/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 796740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group <br> Finance 2019, Inc./CSL <br> Capital LLC <br> 6.50%, 2/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 797040 |
| Viasat, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 7/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3781000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3732641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 5/30/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1822000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viavi Solutions, Inc. <br> 3.75%, 10/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1064000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vmed O2 U.K. Financing I <br> PLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 1/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 4/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 958800 |
| &nbsp;&nbsp;&nbsp;&nbsp; WULF Compute LLC <br> 7.75%, 10/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 872000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 921460 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14429406 |
| **TRANSPORTATION — 0.1%**  | **TRANSPORTATION — 0.1%**  | **TRANSPORTATION — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaos Corp. <br> 6.88%, 10/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1616521 |
| &nbsp;&nbsp;&nbsp;&nbsp; RXO, Inc. <br> 6.38%, 5/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Leasing Co. LLC <br> 7.63%, 2/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470712 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2524752 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br> **& NOTES**<br> (Cost $369,676,677)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 367492068 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **REPURCHASE AGREEMENTS — 2.1%** | **REPURCHASE AGREEMENTS — 2.1%** | **REPURCHASE AGREEMENTS — 2.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays Capital, Inc., dated <br> 09/30/2024 (collateralized <br> by U.S. Treasury Bonds <br> 2.000% due 11/15/2041, <br> valued at $138,169,300); <br> expected proceeds <br> $105,454,806, 3.59%, <br> 06/15/2026<br> (Cost $100,000,000)<br>| 100000000 | &nbsp;&nbsp; $100000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENT — 7.0%** | **SHORT-TERM INVESTMENT — 7.0%** | **SHORT-TERM INVESTMENT — 7.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G <br> Shares 3.64% (g) (h)<br> (Cost $327,262,737)<br>| 327262737 | &nbsp;&nbsp;&nbsp;&nbsp; 327262737 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS —** <br> **106.1%**<br> (Cost $5,086,959,366) |  | &nbsp;&nbsp; 4961826235 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS — (6.1)%**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; (285832834) |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; $4675993401 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Position is unsettled. Contract rate was not determined at March 31, 2026 and does not take effect until settlement date. Maturity date is not finalized until settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 9.9% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;(d) When-issued security.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on significant unobservable inputs and is classified as Level 3. As of March 31, 2026, total aggregate fair value of the securities is $26,424,479, representing 0.6% of the Fund's net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(g) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(h) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than 0.05% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> ABS Asset-Backed Security <br> CLO Collateralized Loan Obligation

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET BLACKSTONE SENIOR LOAN ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

REIT Real Estate Investment Trust <br> SOFR Secured Overnight Financing Rate

At March 31, 2026, the Fund had unfunded loan commitments of $4,265,343, which could be extended at the option of the borrowers, pursuant to the following loan agreements:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower** | **Unfunded Loan**<br> **Commitment ($)**<br>| **Value ($)** | **Unrealized** <br> **Appreciation/(Depreciation) ($)**<br>|
| Air Comm Corp. LLC | &nbsp;&nbsp; 3482 | &nbsp;&nbsp; 3495 | &nbsp;&nbsp; 13 |
| Chicago U.S. Midco III LP | &nbsp;&nbsp; 584631 | &nbsp;&nbsp; 579881 | &nbsp;&nbsp; (4750)<br>|
| Hanger, Inc. | &nbsp;&nbsp; 405101 | &nbsp;&nbsp; 406620 | &nbsp;&nbsp; 1519 |
| Kaman Corp. | &nbsp;&nbsp; 105775 | &nbsp;&nbsp; 105937 | &nbsp;&nbsp; 162 |
| Pinnacle Buyer LLC | &nbsp;&nbsp; 55502 | &nbsp;&nbsp; 55632 | &nbsp;&nbsp; 130 |
| Pye-Barker Fire & Safety, LLC | &nbsp;&nbsp; 1065616 | &nbsp;&nbsp; 1068467 | &nbsp;&nbsp; 2851 |
| Raven Acquisition Holdings LLC | &nbsp;&nbsp; 1930893 | &nbsp;&nbsp; 1896581 | &nbsp;&nbsp; (34312)<br>|
| U.S. Fertility Enterprises LLC | &nbsp;&nbsp; 114343 | &nbsp;&nbsp; 114307 | &nbsp;&nbsp; (36)<br>|
|  | &nbsp;&nbsp; $4265343 | &nbsp;&nbsp; $4230920 | &nbsp;&nbsp; $(34423)<br>|

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $367492068 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $367492068 |
| Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 140500224 | &nbsp;&nbsp; — | &nbsp;&nbsp; 140500224 |
| Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 26424479 | &nbsp;&nbsp; 26424479 |
| Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 100000000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 100000000 |
| Senior Floating Rate Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 4000146727 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4000146727 |
| Short-Term Investment | &nbsp;&nbsp; 327262737 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 327262737 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $327262737 | &nbsp;&nbsp; $4608139019 | &nbsp;&nbsp; $26424479 | &nbsp;&nbsp; $4961826235 |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Unfunded Loans - Unrealized Appreciation | &nbsp;&nbsp; $— | &nbsp;&nbsp; $4675 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $4675 |
| Unfunded Loans - Unrealized Depreciation | &nbsp;&nbsp; — | &nbsp;&nbsp; (39098)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (39098)<br>|
| **TOTAL OTHER FINANCIAL INSTRUMENTS:** | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(34423)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(34423)<br>|

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money <br> Market Fund, Class G Shares<br>| 276140409 | $276140409 | $3795751847 | $3744629519 | $— | $— | 327262737 | $327262737 | $10276121 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **CORPORATE BONDS & NOTES — 47.5%**  | **CORPORATE BONDS & NOTES — 47.5%**  | **CORPORATE BONDS & NOTES — 47.5%**  |
| **AEROSPACE & DEFENSE — 2.4%**  | **AEROSPACE & DEFENSE — 2.4%**  | **AEROSPACE & DEFENSE — 2.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BAE Systems PLC <br> 5.00%, 3/26/2027 (a)<br>| $2500000 | &nbsp;&nbsp; $2517450 |
| Boeing Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 5/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4994650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 5/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.26%, 5/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315289 |
| Honeywell Aerospace, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 3/16/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 536182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 3/16/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 3/16/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494905 |
| L3Harris Technologies, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 6/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 1/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1008090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin Corp. <br> 5.10%, 11/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203418 |
| RTX Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/16/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3037983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 9/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263554 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14864358 |
| **AGRICULTURE — 1.1%**  | **AGRICULTURE — 1.1%**  | **AGRICULTURE — 1.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Altria Group, Inc. <br> 4.88%, 2/4/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100873 |
| Imperial Brands Finance PLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 7/26/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 6/30/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1801260 |
| Philip Morris International, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/27/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 2/12/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3611573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 2/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/17/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445799 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7190493 |
| **APPAREL — 0.0%** <sup>\*</sup>  | **APPAREL — 0.0%** <sup>\*</sup>  | **APPAREL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Tapestry, Inc. <br> 4.13%, 7/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81615 |
| **AUTO MANUFACTURERS — 2.1%**  | **AUTO MANUFACTURERS — 2.1%**  | **AUTO MANUFACTURERS — 2.1%**  |
| American Honda Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, 4.40%, <br> 10/5/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, 4.40%, <br> 9/5/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Daimler Truck Finance North <br> America LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 1/13/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3024030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 1/15/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2510775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC <br> 6.80%, 5/12/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103018 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Financial Co., <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70852 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 7/15/2027 | $365000 | &nbsp;&nbsp; $368416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5925000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 5/8/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toyota Motor Corp. <br> 5.28%, 7/13/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32060 |
| Toyota Motor Credit Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 1.90%, <br> 1/13/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 574809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 5.00%, <br> 8/14/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57140 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13113526 |
| **BANKS — 13.7%**  | **BANKS — 13.7%**  | **BANKS — 13.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia & New Zealand <br> Banking Group Ltd. <br> 4.75%, 1/18/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215963 |
| Banco Santander SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 yr. CMT + 0.90%, 1.72%, <br> 9/14/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 2/23/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4976698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 yr. CMT + 1.45%, 5.54%, <br> 3/14/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 yr. CMT + 1.65%, 6.53%, <br> 11/7/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.61%, 11/7/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310066 |
| Bank of America Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.96%, 1.73%, <br> 7/22/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, 3 mo. USD <br> Term SOFR + 1.63%, <br> 3.59%, 7/21/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 mo. USD Term SOFR + <br> 1.77%, 3.71%, 4/24/2028 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 3 mo. USD Term <br> SOFR + 1.84%, 3.82%, <br> 1/20/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 4.25%, <br> 10/22/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.58%, 4.38%, <br> 4/27/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4536141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, SOFR + 2.04%, <br> 4.95%, 7/22/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.99%, 6.20%, <br> 11/10/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.22%, 9/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75595 |
| Bank of Montreal: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 1.25%, <br> 9/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series F2F, SOFR + 0.88%, <br> 4.57%, 9/10/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.27%, 12/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 9/25/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC<br> SOFR + 1.49%, 5.67%, <br> 3/12/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3028320 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of <br> Commerce:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.93%, 4.51%, <br> 9/11/2027 (b)<br>| $230000 | &nbsp;&nbsp; $230085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.72%, 4.86%, <br> 1/13/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 7/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.93%, 10/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2610124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.99%, 10/3/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129625 |
| Citibank NA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 5/29/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 8/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2429098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depository Trust Co. <br> 4.30%, 3/27/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1736180 |
| Deutsche Bank AG: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 9/9/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.59%, 5.71%, <br> 2/8/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5083042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 2.52%, 7.15%, <br> 7/13/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp <br> 2.55%, 5/5/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40190 |
| Goldman Sachs Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.82%, 1.54%, <br> 9/10/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.91%, 1.95%, <br> 10/21/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.11%, 2.64%, <br> 2/24/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 521372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.85%, 3.62%, <br> 3/15/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 1/26/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1608000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1602678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.51%, 4.39%, <br> 6/15/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.73%, 4.48%, <br> 8/23/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39983 |
| HSBC Holdings PLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.06%, 5.60%, <br> 5/17/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2062338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.57%, 5.89%, <br> 8/14/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.97%, 6.16%, <br> 3/9/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 519615 |
| &nbsp;&nbsp;&nbsp;&nbsp; HSBC USA, Inc. <br> 4.65%, 6/3/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150919 |
| Huntington National Bank: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.65%, 4.55%, <br> 5/17/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5001550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 1/10/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5170050 |
| &nbsp;&nbsp;&nbsp;&nbsp; ING Groep NV <br> 3.95%, 3/29/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164521 |
| JPMorgan Chase & Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.77%, 1.47%, <br> 9/22/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 641082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 10/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.17%, 2.95%, <br> 2/24/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270515 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/1/2027 | $1210000 | &nbsp;&nbsp; $1195722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.56%, 4.32%, <br> 4/26/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.93%, 4.98%, <br> 7/22/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.19%, 5.04%, <br> 1/23/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2366422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 4/29/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67555 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase Bank NA <br> 5.11%, 12/8/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251377 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyCorp<br> Series MTN, 2.25%, 4/6/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC <br> 3.75%, 1/11/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249027 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp.<br> SOFR + 2.80%, 7.41%, <br> 10/30/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5340100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Manufacturers & Traders Trust <br> Co. <br> 3.40%, 8/17/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 yr. CMT + 0.75%, 1.54%, <br> 7/20/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.76%, 9/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.68%, 2/22/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179100 |
| Mizuho Financial Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 yr. CMT + 0.75%, 1.55%, <br> 7/9/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.66%, 2/28/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2983860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 yr. CMT + 1.50%, 5.67%, <br> 5/27/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363612 |
| Morgan Stanley: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.00%, 2.48%, <br> 1/21/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 3.13%, <br> 7/27/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 4/23/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, 4.35%, <br> 9/8/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.45%, 5.17%, <br> 1/16/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, SOFR + 1.01%, <br> 5.65%, 4/13/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6068760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 6.25%, 8/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100713 |
| Morgan Stanley Bank NA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.68%, 4.45%, <br> 10/15/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 780413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.08%, 4.95%, <br> 1/14/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 426594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.93%, 4.97%, <br> 7/14/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201202 |
| Northern Trust Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 mo. USD Term SOFR + <br> 1.13%, 3.38%, 5/8/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 5/10/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77919 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| PNC Bank NA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 10/25/2027 | $31000 | &nbsp;&nbsp; $30490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.73%, 4.43%, <br> 7/21/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284923 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 8/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 1/22/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.80%, 5.10%, <br> 7/23/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55104 |
| Royal Bank of Canada: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 1/21/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, 4.24%, <br> 8/3/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, SOFR + <br> 0.72%, 4.51%, 10/18/2027 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, SOFR + <br> 0.86%, 4.52%, 10/18/2028 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, 4.88%, <br> 1/19/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 668312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GMTN, 5.20%, <br> 7/20/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 6.00%, <br> 11/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141632 |
| Santander Holdings USA, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.24%, 10/5/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.94%, 5.35%, <br> 9/6/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial <br> Group, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 9/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 7/16/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.36%, 7/12/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 9/14/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673504 |
| Toronto-Dominion Bank: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 1.25%, <br> 9/10/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 5.53%, <br> 7/17/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Bank <br> 3.80%, 10/30/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp.<br> Series MTN, 1.13%, 8/3/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162993 |
| U.S. Bancorp: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, SOFR + 0.73%, <br> 2.22%, 1/27/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series V, 2.38%, 7/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series DMTN, 3.00%, <br> 7/30/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series X, 3.15%, 4/27/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 3.90%, <br> 4/26/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, SOFR + 1.66%, <br> 4.55%, 7/22/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3043283 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Bank NA<br> SOFR + 0.69%, 4.51%, <br> 10/22/2027 (b)<br>| $230000 | &nbsp;&nbsp; $230177 |
| &nbsp;&nbsp;&nbsp;&nbsp; UBS AG<br> SOFR + 0.72%, 4.86%, <br> 1/10/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wachovia Corp. <br> 7.57%, 8/1/2026 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12117 |
| Wells Fargo & Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, SOFR + 1.51%, <br> 3.53%, 3/24/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 3 mo. USD Term <br> SOFR + 1.57%, 3.58%, <br> 5/22/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152483 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 4.10%, 6/3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series W, SOFR + 0.78%, <br> 4.90%, 1/24/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3843328 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 86302878 |
| **BEVERAGES — 0.2%**  | **BEVERAGES — 0.2%**  | **BEVERAGES — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Co. <br> 1.45%, 6/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Brands, Inc. <br> 3.15%, 8/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diageo Capital PLC <br> 5.30%, 10/24/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keurig Dr. Pepper, Inc. <br> 2.55%, 9/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24774 |
| Maple Parent Holdings Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 3/26/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 3/26/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477816 |
| PepsiCo, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 3/19/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132041 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1181972 |
| **BIOTECHNOLOGY — 0.2%**  | **BIOTECHNOLOGY — 0.2%**  | **BIOTECHNOLOGY — 0.2%**  |
| Amgen, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 8/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 3/2/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illumina, Inc. <br> 4.65%, 9/9/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700154 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 938218 |
| **CHEMICALS — 1.2%**  | **CHEMICALS — 1.2%**  | **CHEMICALS — 1.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chevron Phillips Chemical Co. <br> LLC/Chevron Phillips <br> Chemical Co. LP <br> 3.40%, 12/1/2026 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6668000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6619657 |
| Nutrien Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 3/12/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 6/21/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1085000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1095286 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7744993 |
| **COMPUTERS — 0.7%**  | **COMPUTERS — 0.7%**  | **COMPUTERS — 0.7%**  |
| Apple, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 2/8/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190502 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 9/12/2027 | $80000 | &nbsp;&nbsp; $78820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc. <br> 3.00%, 2/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3330320 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 2/9/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 1/27/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 7/27/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120772 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4230526 |
| **CONSTRUCTION MATERIALS — 0.1%**  | **CONSTRUCTION MATERIALS — 0.1%**  | **CONSTRUCTION MATERIALS — 0.1%**  |
| Owens Corning: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 8/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 6/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 708645 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932765 |
| **COSMETICS/PERSONAL CARE — 0.0%** <sup>\*</sup>  | **COSMETICS/PERSONAL CARE — 0.0%** <sup>\*</sup>  | **COSMETICS/PERSONAL CARE — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kenvue, Inc. <br> 5.05%, 3/22/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93432 |
| **DISTRIBUTION & WHOLESALE — 0.0%** <sup>\*</sup>  | **DISTRIBUTION & WHOLESALE — 0.0%** <sup>\*</sup>  | **DISTRIBUTION & WHOLESALE — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; LKQ Corp. <br> 5.75%, 6/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254475 |
| **DIVERSIFIED FINANCIAL SERVICES — 1.9%**  | **DIVERSIFIED FINANCIAL SERVICES — 1.9%**  | **DIVERSIFIED FINANCIAL SERVICES — 1.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital <br> DAC/AerCap Global Aviation <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 10/29/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 4/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 1/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 4/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973126 |
| Air Lease Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 8/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 5.30%, <br> 6/25/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ally Financial, Inc. <br> 4.75%, 6/9/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67107 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Credit Corp.<br> Series MTN, 3.30%, 5/3/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 708000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 701479 |
| Capital One Financial Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.86%, 1.88%, <br> 11/2/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 3/9/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 1/31/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148250 |
| Charles Schwab Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 3/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 3/3/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 8/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6132269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eaton Vance Corp. <br> 3.50%, 4/6/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mastercard, Inc. <br> 2.95%, 11/21/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221307 |
| Nomura Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 7/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.33%, 1/22/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201607 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Takeoff Merger Sub, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 3/24/2028 (a) | $410000 | &nbsp;&nbsp; $407786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 3/24/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 407245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 3/24/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449554 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11781686 |
| **ELECTRIC — 2.7%**  | **ELECTRIC — 2.7%**  | **ELECTRIC — 2.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Appalachian Power Co.<br> Series X, 3.30%, 6/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New <br> York, Inc.<br> Series D, 4.00%, 12/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99317 |
| Dominion Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series D, 2.85%, 8/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124249 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series B, 3.60%, 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297699 |
| Duke Energy Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/8/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Florida LLC <br> 3.20%, 1/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188799 |
| &nbsp;&nbsp;&nbsp;&nbsp; Emera U.S. Finance LLC <br> 4.50%, 4/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1797228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Louisiana LLC <br> 3.12%, 9/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Mississippi LLC <br> 2.85%, 6/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29138 |
| Eversource Energy: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 3/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 3/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254217 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Rural Utilities <br> Cooperative Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 9/16/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 5.60%, <br> 11/13/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5035850 |
| &nbsp;&nbsp;&nbsp;&nbsp; NSTAR Electric Co. <br> 3.20%, 5/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123590 |
| Sempra: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 6/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 8/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 821328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. <br> 3.25%, 7/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virginia Electric & Power Co.<br> Series B, 3.75%, 5/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76570 |
| Vistra Operations Co. LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 1/30/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2483250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/15/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2472950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 12/30/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2216829 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wisconsin Power & Light Co. <br> 3.00%, 7/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187087 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 17098015 |
| **ELECTRONICS — 0.1%**  | **ELECTRONICS — 0.1%**  | **ELECTRONICS — 0.1%**  |
| Honeywell International, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 3/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247553 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539264 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **ENTERTAINMENT — 0.2%**  | **ENTERTAINMENT — 0.2%**  | **ENTERTAINMENT — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Discovery Global Holdings, Inc. <br> 3.76%, 3/15/2027<br>| $948000 | &nbsp;&nbsp; $936434 |
| **ENVIRONMENTAL CONTROL — 0.1%**  | **ENVIRONMENTAL CONTROL — 0.1%**  | **ENVIRONMENTAL CONTROL — 0.1%**  |
| Waste Management, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 11/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 1/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54443 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558278 |
| **FOOD — 0.2%**  | **FOOD — 0.2%**  | **FOOD — 0.2%**  |
| Campbell's Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 3/19/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105504 |
| General Mills, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 2/10/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 1/30/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55062 |
| &nbsp;&nbsp;&nbsp;&nbsp; J.M. Smucker Co. <br> 3.38%, 12/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kroger Co. <br> 2.65%, 10/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mars, Inc. <br> 4.45%, 3/1/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pilgrim's Pride Corp. <br> 4.25%, 4/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3830 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 988552 |
| **GAS — 0.1%**  | **GAS — 0.1%**  | **GAS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; National Fuel Gas Co. <br> 5.50%, 10/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226046 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. <br> 3.49%, 5/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern California Gas Co. <br> 2.95%, 4/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. Gas Capital Corp. <br> 3.25%, 6/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143650 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 858313 |
| **HEALTH CARE PRODUCTS — 0.2%**  | **HEALTH CARE PRODUCTS — 0.2%**  | **HEALTH CARE PRODUCTS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; DH Europe Finance II SARL <br> 2.60%, 11/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Smith & Nephew PLC <br> 5.15%, 3/20/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solventum Corp. <br> 5.45%, 2/25/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10072 |
| Thermo Fisher Scientific, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/21/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 8/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250630 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1401690 |
| **HEALTH CARE SERVICES — 0.6%**  | **HEALTH CARE SERVICES — 0.6%**  | **HEALTH CARE SERVICES — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Centene Corp. <br> 2.45%, 7/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2365172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cigna Group <br> 4.38%, 10/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159918 |
| HCA, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 2/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 556000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 556095 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 6/15/2026 | $250000 | &nbsp;&nbsp; $250117 |
| &nbsp;&nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. <br> 2.95%, 10/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535201 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3866503 |
| **HOME BUILDERS — 0.2%**  | **HOME BUILDERS — 0.2%**  | **HOME BUILDERS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; DR Horton, Inc. <br> 1.30%, 10/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. <br> 5.00%, 6/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260580 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974502 |
| **HOUSEHOLD PRODUCTS — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Colgate-Palmolive Co. <br> 3.10%, 8/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Haleon U.S. Capital LLC <br> 3.38%, 3/24/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble Co. <br> 2.85%, 8/11/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29591 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205826 |
| **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Church & Dwight Co., Inc. <br> 3.15%, 8/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93693 |
| **INSURANCE — 1.8%**  | **INSURANCE — 1.8%**  | **INSURANCE — 1.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arch Capital Finance LLC <br> 4.01%, 12/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Athene Global Funding <br> 5.62%, 5/8/2026 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2502675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corebridge Global Funding <br> 5.75%, 7/2/2026 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2509500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lincoln Financial Global Funding <br> 4.63%, 5/28/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1873744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pacific Life Global Funding II<br> SOFR + 0.62%, 4.27%, <br> 6/4/2026 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4169625 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11454260 |
| **INTERNET — 0.7%**  | **INTERNET — 0.7%**  | **INTERNET — 0.7%**  |
| Airbnb, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 3/16/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 3/16/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 733677 |
| Amazon.com, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 6/3/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 8/22/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 3/13/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 3/13/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 3/13/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254205 |
| Expedia Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 2/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 8/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. <br> 3.50%, 8/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476837 |
| Netflix, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156172 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 4/15/2028 | $344000 | &nbsp;&nbsp; $348455 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4408614 |
| **INVESTMENT COMPANY SECURITIES — 0.4%**  | **INVESTMENT COMPANY SECURITIES — 0.4%**  | **INVESTMENT COMPANY SECURITIES — 0.4%**  |
| ARES Capital Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 6/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 1/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506740 |
| &nbsp;&nbsp;&nbsp;&nbsp; FS KKR Capital Corp. <br> 2.63%, 1/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1309824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs BDC, Inc. <br> 6.38%, 3/11/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Private Credit <br> Corp. <br> 5.38%, 1/31/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442355 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2717463 |
| **IRON/STEEL — 0.0%** <sup>\*</sup>  | **IRON/STEEL — 0.0%** <sup>\*</sup>  | **IRON/STEEL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; ArcelorMittal SA <br> 4.25%, 7/16/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131491 |
| **IT SERVICES — 0.3%**  | **IT SERVICES — 0.3%**  | **IT SERVICES — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accenture Capital, Inc. <br> 3.90%, 10/4/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1537520 |
| &nbsp;&nbsp;&nbsp;&nbsp; IBM International Capital Pte. <br> Ltd. <br> 4.60%, 2/5/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25048 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1562568 |
| **LODGING — 0.9%**  | **LODGING — 0.9%**  | **LODGING — 0.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyatt Hotels Corp. <br> 4.38%, 9/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114155 |
| Las Vegas Sands Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 8/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4977000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 6/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marriott International, Inc. <br> 5.45%, 9/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25092 |
| Sands China Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 3/8/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 8/8/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66370 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5773480 |
| **MACHINERY, CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  | **MACHINERY, CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  | **MACHINERY, CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Caterpillar Financial Services <br> Corp. <br> 5.00%, 5/14/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65643 |
| **MACHINERY-DIVERSIFIED — 0.1%**  | **MACHINERY-DIVERSIFIED — 0.1%**  | **MACHINERY-DIVERSIFIED — 0.1%**  |
| John Deere Capital Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series I, 4.25%, 6/5/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 1/8/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 4.75%, <br> 1/20/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 4.85%, 3/5/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 4.90%, 3/3/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161706 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 643931 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **MEDIA — 0.7%**  | **MEDIA — 0.7%**  | **MEDIA — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter <br> Communications Operating <br> Capital <br> 3.75%, 2/15/2028<br>| $340000 | &nbsp;&nbsp; $334026 |
| Comcast Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 2/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2977530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77694 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paramount Global <br> 2.90%, 1/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982970 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4372220 |
| **MISCELLANEOUS MANUFACTURER — 1.6%**  | **MISCELLANEOUS MANUFACTURER — 1.6%**  | **MISCELLANEOUS MANUFACTURER — 1.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Siemens <br> Financieringsmaatschappij <br> NV:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 3/16/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4972400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 8/17/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3022050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Siemens Funding BV <br> 4.35%, 5/26/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1865000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1874176 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9868626 |
| **OIL & GAS — 0.3%**  | **OIL & GAS — 0.3%**  | **OIL & GAS — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BP Capital Markets America, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 4/14/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 11/17/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405468 |
| Chevron USA, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.02%, 8/12/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 1/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coterra Energy, Inc. <br> 3.90%, 5/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. <br> 5.20%, 4/18/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544520 |
| Phillips 66 Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151405 |
| &nbsp;&nbsp;&nbsp;&nbsp; TotalEnergies Capital SA <br> 3.88%, 10/11/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29928 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1749310 |
| **OIL & GAS SERVICES — 0.4%**  | **OIL & GAS SERVICES — 0.4%**  | **OIL & GAS SERVICES — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Schlumberger Holdings Corp. <br> 5.00%, 5/29/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2518200 |
| **PACKAGING & CONTAINERS — 0.2%**  | **PACKAGING & CONTAINERS — 0.2%**  | **PACKAGING & CONTAINERS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Amcor Finance USA, Inc. <br> 4.50%, 5/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sonoco Products Co. <br> 4.45%, 9/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 989832 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1044860 |
| **PHARMACEUTICALS — 1.8%**  | **PHARMACEUTICALS — 1.8%**  | **PHARMACEUTICALS — 1.8%**  |
| AbbVie, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 11/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4477000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500191 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| CVS Health Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 4/1/2027 | $245000 | &nbsp;&nbsp; $242927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 6/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly & Co. <br> 3.10%, 5/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74290 |
| &nbsp;&nbsp;&nbsp;&nbsp; GlaxoSmithKline Capital PLC <br> 4.32%, 3/12/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson <br> 0.95%, 9/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14422 |
| &nbsp;&nbsp;&nbsp;&nbsp; McKesson Corp. <br> 4.90%, 7/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238367 |
| &nbsp;&nbsp;&nbsp;&nbsp; Novartis Capital Corp. <br> 4.10%, 3/16/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pfizer Investment Enterprises <br> Pte. Ltd. <br> 4.45%, 5/19/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Utah Acquisition Sub, Inc. <br> 3.95%, 6/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5201076 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11620920 |
| **PIPELINES — 1.5%**  | **PIPELINES — 1.5%**  | **PIPELINES — 1.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheniere Corpus Christi <br> Holdings LLC <br> 5.13%, 6/30/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140769 |
| Energy Transfer LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 5/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 12/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2184385 |
| &nbsp;&nbsp;&nbsp;&nbsp; MPLX LP <br> 4.00%, 3/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northwest Pipeline LLC <br> 4.00%, 4/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72680 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc. <br> 4.85%, 7/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5001350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Plains All American <br> Pipeline LP/PAA Finance <br> Corp. <br> 4.50%, 12/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236076 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Bow USA Infrastructure <br> Holdings LLC <br> 4.91%, 9/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1758032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. <br> 3.75%, 6/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49623 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9695636 |
| **REAL ESTATE INVESTMENT TRUSTS — 2.6%**  | **REAL ESTATE INVESTMENT TRUSTS — 2.6%**  | **REAL ESTATE INVESTMENT TRUSTS — 2.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, <br> Inc. <br> 3.95%, 1/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197990 |
| American Tower Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 1/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 7/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 1/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 3/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44269 |
| &nbsp;&nbsp;&nbsp;&nbsp; EPR Properties <br> 4.50%, 6/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc. <br> 2.90%, 11/18/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108997 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; ERP Operating LP <br> 3.25%, 8/1/2027<br>| $240000 | &nbsp;&nbsp; $236693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essex Portfolio LP <br> 3.63%, 5/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty OP LLC <br> 3.80%, 4/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartments LP <br> 3.60%, 6/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2481900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prologis LP <br> 3.38%, 12/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. <br> 2.20%, 6/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167064 |
| &nbsp;&nbsp;&nbsp;&nbsp; SBA Communications Corp. <br> 3.88%, 2/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2474900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simon Property Group LP <br> 3.38%, 6/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316765 |
| &nbsp;&nbsp;&nbsp;&nbsp; VICI Properties LP/VICI <br> Note Co., Inc. <br> 4.25%, 12/1/2026 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2633162 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vornado Realty LP <br> 2.15%, 6/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6441000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6410534 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16366093 |
| **RETAIL — 0.1%**  | **RETAIL — 0.1%**  | **RETAIL — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoNation, Inc. <br> 3.80%, 11/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc. <br> 5.15%, 6/25/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50112 |
| &nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corp.<br> Series MTN, 3.50%, 7/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102083 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walmart, Inc. <br> 1.05%, 9/17/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236880 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502538 |
| **SEMICONDUCTORS — 1.5%**  | **SEMICONDUCTORS — 1.5%**  | **SEMICONDUCTORS — 1.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Micro Devices, Inc. <br> 4.32%, 3/24/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3657573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Analog Devices, Inc. <br> 3.50%, 12/5/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom Corp./Broadcom <br> Cayman Finance Ltd. <br> 3.50%, 1/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5227896 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom, Inc. <br> 4.00%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144471 |
| Intel Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 3/25/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 2/10/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151014 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9608150 |
| **SOFTWARE — 2.6%**  | **SOFTWARE — 2.6%**  | **SOFTWARE — 2.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Autodesk, Inc. <br> 3.50%, 6/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fiserv, Inc. <br> 3.20%, 7/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2130675 |
| Intuit, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 9/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2508300 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp. <br> 3.40%, 9/15/2026<br>| $7250000 | &nbsp;&nbsp; $7230280 |
| Oracle Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 7/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 373436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 2/4/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2122373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys, Inc. <br> 4.55%, 4/1/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1356883 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16065291 |
| **TELECOMMUNICATIONS — 1.9%**  | **TELECOMMUNICATIONS — 1.9%**  | **TELECOMMUNICATIONS — 1.9%**  |
| AT&T, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 2/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 2/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 2/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241826 |
| Cisco Systems, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 2/24/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 2/26/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147892 |
| NTT Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.16%, 4/3/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 7/16/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2405520 |
| T-Mobile USA, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 4/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 7/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530702 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11834610 |
| **TRANSPORTATION — 0.1%**  | **TRANSPORTATION — 0.1%**  | **TRANSPORTATION — 0.1%**  |
| Canadian Pacific Railway Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 12/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 6/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324116 |
| &nbsp;&nbsp;&nbsp;&nbsp; FedEx Corp. <br> 3.10%, 8/5/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69012 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442326 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS &** <br> **NOTES**<br> (Cost $298,502,714)<br>|  | &nbsp;&nbsp;&nbsp; 298678237 |
| **ASSET-BACKED SECURITIES** <br> **— 3.2%** <br>|  |  |
| **AUTOMOBILE — 2.0%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BMW Vehicle Lease Trust<br> Series 2024-1, Class A4, <br> 5.00%, 6/25/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5541175 |
| &nbsp;&nbsp;&nbsp;&nbsp; GM Financial Consumer <br> Automobile Receivables Trust<br> Series 2023-3, Class A3, <br> 5.45%, 6/16/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3269988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3287860 |
| &nbsp;&nbsp;&nbsp;&nbsp; USAA Auto Owner Trust<br> Series 2025-A, Class A2, <br> 3.98%, 3/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3498320 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12327355 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **CREDIT CARD — 1.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BA Credit Card Trust<br> Series 2023-A1, Class A1, <br> 4.79%, 5/15/2028<br>| $7655000 | &nbsp;&nbsp; $7662735 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED** <br> **SECURITIES**<br> (Cost $20,032,991)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 19990090 |
| **FOREIGN GOVERNMENT** <br> **OBLIGATIONS — 0.0%** <sup>\*</sup> <br>|  |  |
| **SOUTH KOREA — 0.0%** <sup>\*</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Korea Development Bank <br> 4.63%, 2/15/2027 <br> (Cost $150,400)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150693 |
| **U.S. TREASURY** <br> **OBLIGATIONS — 35.9%** <br>|  |  |
| U.S. Treasury Bills: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.84%, 4/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 60000000 | &nbsp;&nbsp;&nbsp;&nbsp; 59993981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 5/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 60000000 | &nbsp;&nbsp;&nbsp;&nbsp; 59752027 |
| U.S. Treasury Notes: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 8/31/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 18233000 | &nbsp;&nbsp;&nbsp;&nbsp; 18180295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 6/30/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 6/30/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 17345000 | &nbsp;&nbsp;&nbsp;&nbsp; 17418174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 2/28/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 69658000 | &nbsp;&nbsp;&nbsp;&nbsp; 69886565 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY** <br> **OBLIGATIONS**<br> (Cost $225,736,945)<br>|  | &nbsp;&nbsp;&nbsp; 225790605 |
| **COMMERCIAL MORTGAGE BACKED** <br> **SECURITIES — 0.9%**  | **COMMERCIAL MORTGAGE BACKED** <br> **SECURITIES — 0.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BX Mortgage Trust Series <br> 2021-PAC, Class B, 1 mo. <br> USD Term SOFR + 1.01%, <br> 4.69%, 10/15/2036 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2492229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust Series <br> 2025-MAUI, Class A, 1 mo. <br> USD Term SOFR + 1.39%, <br> 5.07%, 3/15/2042 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2991833 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL** <br> **MORTGAGE BACKED** <br> **SECURITIES**<br> (Cost $5,486,239)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5484062 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENT — 11.8%**  | **SHORT-TERM INVESTMENT — 11.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (d) (e)<br> (Cost $74,448,117) | 74448117 | &nbsp;&nbsp;&nbsp;&nbsp; 74448117 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 99.3%**<br> (Cost $624,357,406) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 99.3%**<br> (Cost $624,357,406) | &nbsp;&nbsp;&nbsp; 624541804 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES** <br> **— 0.7%**  | **OTHER ASSETS IN EXCESS OF LIABILITIES** <br> **— 0.7%**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4113232 |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | &nbsp;&nbsp; $628655036 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET ULTRA SHORT TERM BOND ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 12.0% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Step-up bond - Coupon rate increases in increments to maturity. Rate shown as of March 31, 2026. Maturity date shown is the final maturity.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than 0.05% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations: |  |
| CMT | Constant Maturity Treasury |
| DMTN | Domestic Medium Term Note |
| GMTN | Global Medium Term Note |
| MTN | Medium Term Note |
| SOFR | Secured Overnight Financing Rate |

---

At March 31, 2026, open futures contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts**<br>| **Expiration**<br> **Date**<br>| **Notional**<br> **Amount**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| 2 Yr. U.S. Treasury Note Futures (long) | 243 | 06/30/2026 | $50774617 | $50409211 | $(365406)<br>|
| 5 Yr. U.S. Treasury Note Futures (long) | 23 | 06/30/2026 | 2524071 | 2488133 | (35938)<br>|
|  |  |  |  |  | $(401344)<br>|

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $298678237 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $298678237 |
| Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 19990090 | &nbsp;&nbsp; — | &nbsp;&nbsp; 19990090 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 150693 | &nbsp;&nbsp; — | &nbsp;&nbsp; 150693 |
| U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 225790605 | &nbsp;&nbsp; — | &nbsp;&nbsp; 225790605 |
| Commercial Mortgage Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 5484062 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5484062 |
| Short-Term Investment | &nbsp;&nbsp; 74448117 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 74448117 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $74448117 | &nbsp;&nbsp; $550093687 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $624541804 |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Futures Contracts - Unrealized Depreciation | &nbsp;&nbsp; $(401344)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(401344)<br>|
| **TOTAL OTHER FINANCIAL INSTRUMENTS:** | &nbsp;&nbsp; $(401344)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(401344)<br>|

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br> Class G Shares<br>| 74779548 | $74779548 | $771571799 | $771903230 | $— | $— | 74448117 | $74448117 | $2053751 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **CORPORATE BONDS &** <br> **NOTES — 12.3%** <br>|  |  |
| **ARGENTINA — 0.0%** <sup>\*</sup>  | **ARGENTINA — 0.0%** <sup>\*</sup>  | **ARGENTINA — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Vista Energy Argentina SAU <br> 8.50%, 6/10/2033 (a)<br>| $150000 | &nbsp;&nbsp; $157383 |
| **AUSTRALIA — 0.1%**  | **AUSTRALIA — 0.1%**  | **AUSTRALIA — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AngloGold Ashanti Holdings <br> PLC <br> 3.38%, 11/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1451190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Glencore Funding LLC <br> 5.20%, 7/1/2033 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1348433 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2799623 |
| **BERMUDA — 0.0%** <sup>\*</sup>  | **BERMUDA — 0.0%** <sup>\*</sup>  | **BERMUDA — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Triton Container International <br> Ltd./TAL International <br> Container Corp. <br> 5.15%, 2/15/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1334418 |
| **BRAZIL — 0.3%**  | **BRAZIL — 0.3%**  | **BRAZIL — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Acu Petroleo Luxembourg <br> SARL <br> 7.50%, 7/13/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1054546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1069700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosan Overseas Ltd. <br> 8.25%, 5/5/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1323700 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSN Resources SA <br> 5.88%, 4/8/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 981744 |
| &nbsp;&nbsp;&nbsp;&nbsp; FS Luxembourg SARL <br> 8.13%, 2/11/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guara Norte SARL <br> 5.20%, 6/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142717 |
| &nbsp;&nbsp;&nbsp;&nbsp; MARB BondCo PLC <br> 3.95%, 1/29/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Minerva Luxembourg SA <br> 8.88%, 9/13/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1068670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Movida Europe SA <br> 7.85%, 4/11/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292308 |
| &nbsp;&nbsp;&nbsp;&nbsp; MV24 Capital BV <br> 6.75%, 6/1/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1388060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1384118 |
| &nbsp;&nbsp;&nbsp;&nbsp; NBM U.S. Holdings, Inc. <br> 6.63%, 8/6/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nexa Resources SA <br> 6.50%, 1/18/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304038 |
| &nbsp;&nbsp;&nbsp;&nbsp; Petrobras Global Finance BV <br> 5.13%, 9/10/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prumo Participacoes e <br> Investimentos SA <br> 7.50%, 12/31/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1503553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1511116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simpar Europe SA <br> 5.20%, 1/26/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 764712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Suzano Netherlands BV <br> 5.50%, 1/15/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1306028 |
| Unigel Luxembourg SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 12/31/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.50%, 12/31/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1242 |
| &nbsp;&nbsp;&nbsp;&nbsp; PIK, 11.00%, 12/31/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIK, 13.50%, 12/31/2027 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 885 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Vale Overseas Ltd. <br> 6.40%, 6/28/2054<br>| $687000 | &nbsp;&nbsp; $692613 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vamos Europe SA <br> 9.20%, 1/26/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yinson Bergenia Production BV <br> 8.50%, 1/31/2045 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1039251 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14101028 |
| **CANADA — 0.4%**  | **CANADA — 0.4%**  | **CANADA — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Nova Scotia SOFR + <br> 1.05%,<br> 4.81%, 2/2/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 846000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833725 |
| Bausch Health Cos., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 1/30/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 14.00%, 10/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26896 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bell Telephone Co. of Canada <br> or Bell Canada VRN, 5 yr. <br> CMT + 2.36%,<br> 7.00%, 9/15/2055 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1345634 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCL Industries, Inc. <br> 3.05%, 6/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1278977 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cenovus Energy, Inc. <br> 5.40%, 3/20/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Element Fleet Management <br> Corp. <br> 5.04%, 3/25/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1291253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. <br> 5.45%, 3/27/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 556229 |
| Garda World Security Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 1/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 8/1/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mattamy Group Corp. <br> 4.63%, 3/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ontario Gaming GTA LP/OTG <br> Co-Issuer, Inc. <br> 8.00%, 8/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Bank of Canada SOFR + <br> 0.98%,<br> 4.31%, 11/3/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2639000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2594533 |
| &nbsp;&nbsp;&nbsp;&nbsp; TELUS Corp. VRN, 5 yr. CMT <br> + 2.71%,<br> 7.00%, 10/15/2055 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1276006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toronto-Dominion Bank <br> 4.93%, 10/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1342000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1317978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Videotron Ltd. <br> 5.70%, 1/15/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1242000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1252917 |
| &nbsp;&nbsp;&nbsp;&nbsp; WSP Global, Inc. <br> 5.04%, 9/18/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1646000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1631597 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16517989 |
| **CAYMAN ISLANDS — 0.1%**  | **CAYMAN ISLANDS — 0.1%**  | **CAYMAN ISLANDS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd. <br> 8.75%, 9/1/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1915000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1941944 |
| **CHILE — 0.2%**  | **CHILE — 0.2%**  | **CHILE — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Agrosuper SA <br> 4.60%, 1/20/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Antofagasta PLC <br> 5.63%, 5/13/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 909108 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Santander Chile <br> 4.55%, 11/20/2030 (a)<br>| $1070000 | &nbsp;&nbsp; $1058840 |
| &nbsp;&nbsp;&nbsp;&nbsp; CAP SA <br> 3.90%, 4/27/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1503396 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cencosud SA <br> 4.38%, 7/17/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 996310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile Electricity Lux MPC II <br> SARL <br> 5.67%, 10/20/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1650481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1666887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile Electricity Lux MPC <br> SARL <br> 6.01%, 1/20/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1032000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1064405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile Electricity PEC SpA <br> Zero Coupon, 1/25/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 604611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corp. Nacional del Cobre de <br> Chile <br> 3.00%, 9/30/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Empresa Electrica Cochrane <br> SpA <br> 5.50%, 5/14/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184431 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNL Quintero SA <br> 4.63%, 7/31/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Inversiones CMPC SA VRN, 5 <br> yr. CMT + 2.83%,<br> 6.70%, 12/9/2057 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293643 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9836277 |
| **COLOMBIA — 0.2%**  | **COLOMBIA — 0.2%**  | **COLOMBIA — 0.2%**  |
| AL Candelaria - spain- SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 6/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1998183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 12/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aris Mining Corp. <br> 8.00%, 10/31/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827040 |
| Banco Davivienda SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 4.59%, 8.13%, <br> 7/2/2035 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 10 yr. CMT + 5.10%, <br> 6.65%, 4/22/2031 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 4.59%, <br> 8.13%, 7/2/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 908514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco GNB Sudameris SA 5 <br> yr. CMT + 6.66%,<br> 7.50%, 4/16/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bancolombia SA 5 yr. CMT + <br> 4.32%,<br> 8.63%, 12/24/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209872 |
| Ecopetrol SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 5/28/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/2/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1450067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Empresas Publicas de Medellin <br> ESP <br> 4.38%, 2/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1082388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fideicomiso PA Pacifico Tres <br> 8.25%, 1/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frontera Energy Corp. <br> 7.88%, 6/21/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195146 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Termocandelaria Power SA <br> 7.75%, 9/17/2031 (a)<br>| $200000 | &nbsp;&nbsp; $203782 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8739190 |
| **DENMARK — 0.0%** <sup>\*</sup>  | **DENMARK — 0.0%** <sup>\*</sup>  | **DENMARK — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Genmab AS/Genmab <br> Finance LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 12/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 12/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219635 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434918 |
| **FRANCE — 0.1%**  | **FRANCE — 0.1%**  | **FRANCE — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Altice France SA <br> 6.88%, 7/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Opal Bidco SAS <br> 6.50%, 3/31/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1160777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vallourec SACA <br> 7.50%, 4/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486699 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2172980 |
| **GERMANY — 0.0%** <sup>\*</sup>  | **GERMANY — 0.0%** <sup>\*</sup>  | **GERMANY — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc. <br> 5.25%, 7/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199498 |
| **GREECE — 0.0%** <sup>\*</sup>  | **GREECE — 0.0%** <sup>\*</sup>  | **GREECE — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaos Corp. <br> 6.88%, 10/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523590 |
| **GUATEMALA — 0.0%** <sup>\*</sup>  | **GUATEMALA — 0.0%** <sup>\*</sup>  | **GUATEMALA — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Subordinated Trust 2 <br> 0 VRN, 5 yr. CMT + 2.86%,<br> 6.55%, 4/15/2036 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Millicom International Cellular <br> SA:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 4/27/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 1/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 3/25/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357192 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1646125 |
| **HONG KONG — 0.0%** <sup>\*</sup>  | **HONG KONG — 0.0%** <sup>\*</sup>  | **HONG KONG — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Seaspan Corp. <br> 5.50%, 8/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693517 |
| **INDIA — 0.3%**  | **INDIA — 0.3%**  | **INDIA — 0.3%**  |
| Adani Electricity Mumbai Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.87%, 7/22/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 2/12/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 849000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 773422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani International Container <br> Terminal Pvt Ltd. <br> 3.00%, 2/16/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 865252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani Ports & Special <br> Economic Zone Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 2/2/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 8/4/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 686119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 7/3/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani Renewable Energy RJ <br> Ltd./Kodangal Solar Parks <br> Pvt Ltd./Wardha Solar <br> Maharashtra <br> 4.63%, 10/15/2039<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396348 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani Transmission Step-One <br> Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 8/3/2026 | $400000 | &nbsp;&nbsp; $399565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 5/21/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1158772 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPRL International Singapore <br> Pte. Ltd. Series EMTN, <br> 4.38%, 1/18/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1396300 |
| &nbsp;&nbsp;&nbsp;&nbsp; JSW Hydro Energy Ltd. <br> 4.13%, 5/18/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1876500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1715778 |
| &nbsp;&nbsp;&nbsp;&nbsp; JSW Infrastructure Ltd. <br> 4.95%, 1/21/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 878706 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONGC Videsh Vankorneft Pte. <br> Ltd. <br> 3.75%, 7/27/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1595344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reliance Industries Ltd. <br> 3.67%, 11/30/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wipro IT Services LLC <br> 1.50%, 6/23/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397188 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12014228 |
| **INDONESIA — 0.2%**  | **INDONESIA — 0.2%**  | **INDONESIA — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport Indonesia PT <br> 4.76%, 4/14/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 897390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indofood CBP Sukses Makmur <br> Tbk. PT <br> 3.40%, 6/9/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011580 |
| &nbsp;&nbsp;&nbsp;&nbsp; Minejesa Capital BV <br> 4.63%, 8/10/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1622500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1601716 |
| Pertamina Persero PT: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 2/9/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 7/30/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1534592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Perusahaan Perseroan <br> Persero PT Perusahaan <br> Listrik Negara:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 7/17/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 5/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1884021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Energy Geothermal <br> Wayang Windu Ltd. <br> 6.75%, 4/24/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382905 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7766980 |
| **IRELAND — 0.1%**  | **IRELAND — 0.1%**  | **IRELAND — 0.1%**  |
| Avolon Holdings Funding Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 1/30/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 3/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2109000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2158456 |
| &nbsp;&nbsp;&nbsp;&nbsp; GGAM Finance Ltd. <br> 6.88%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527020 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3068140 |
| **ISRAEL — 0.0%** <sup>\*</sup>  | **ISRAEL — 0.0%** <sup>\*</sup>  | **ISRAEL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance <br> Co. LLC <br> 6.15%, 2/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1367438 |
| **JAMAICA — 0.0%** <sup>\*</sup>  | **JAMAICA — 0.0%** <sup>\*</sup>  | **JAMAICA — 0.0%** <sup>\*</sup>  |
| Digicel Group Holdings Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2B, Zero Coupon, <br> 12/31/2030 (a)(d)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20938 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4B, Zero Coupon, <br> 12/31/2030 (a)(d)<br>| $612753 | &nbsp;&nbsp; $4238 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25176 |
| **JAPAN — 0.0%** <sup>\*</sup>  | **JAPAN — 0.0%** <sup>\*</sup>  | **JAPAN — 0.0%** <sup>\*</sup>  |
| Nissan Motor Co. Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 9/17/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 9/17/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 7/17/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288622 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 790709 |
| **LUXEMBOURG — 0.0%** <sup>\*</sup>  | **LUXEMBOURG — 0.0%** <sup>\*</sup>  | **LUXEMBOURG — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; ArcelorMittal SA <br> 6.00%, 6/17/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697073 |
| &nbsp;&nbsp;&nbsp;&nbsp; INEOS Finance PLC <br> 7.50%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194070 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 891143 |
| **MALAYSIA — 0.0%** <sup>\*</sup>  | **MALAYSIA — 0.0%** <sup>\*</sup>  | **MALAYSIA — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; MISC Capital Two Labuan Ltd. <br> 3.75%, 4/6/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793880 |
| **MEXICO — 0.3%**  | **MEXICO — 0.3%**  | **MEXICO — 0.3%**  |
| Banco Mercantil del Norte SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 yr. CMT + 5.47%, 7.50%, <br> 6/27/2029 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 4.07%, <br> 8.38%, 5/20/2031 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1133396 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Nacional de Comercio <br> Exterior SNC <br> 5.88%, 5/7/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Santander Mexico SA <br> Institucion de Banca Multiple <br> Grupo Financiero Santand <br> 5.62%, 12/10/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204460 |
| &nbsp;&nbsp;&nbsp;&nbsp; BBVA Mexico SA Institucion De <br> Banca Multiple Grupo <br> Financiero BBVA Mexico:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 2.65%, 5.13%, <br> 1/18/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 4.21%, 8.13%, <br> 1/8/2039 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1157288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 4.31%, <br> 5.88%, 9/13/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Buffalo Energy Mexico <br> Holdings/Buffalo Energy <br> Infrastructure/Buffalo Energy <br> 7.88%, 2/15/2039 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 519115 |
| Cemex SAB de CV: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 4.53%, 5.13%, <br> 6/8/2026 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2387064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 3.52%, <br> 7.20%, 6/10/2030 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cometa Energia SA de CV <br> 6.38%, 4/24/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comision Federal de <br> Electricidad:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 5/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 1/24/2035 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397808 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Credito Real SAB de CV <br> SOFOM ER <br> Zero Coupon, 12/31/2099<br>| $500000 | &nbsp;&nbsp; $4115 |
| &nbsp;&nbsp;&nbsp;&nbsp; FIEMEX Energia - Banco <br> Actinver SA Institucion de <br> Banca Multiple <br> 7.25%, 1/31/2041 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1287660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1288342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexarrend SAPI de CV <br> 10.25%, 7/24/2024 (a)(e)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico City Airport Trust <br> 3.88%, 4/30/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 978340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico Generadora de Energia <br> S de Real <br> 5.50%, 12/6/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1039240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1040674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de <br> CV:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 9/17/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 9/19/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saavi Energia SARL <br> 8.88%, 2/10/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314283 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tierra Mojada Luxembourg II <br> SARL <br> 5.75%, 12/1/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 723418 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14035895 |
| **MOROCCO — 0.0%** <sup>\*</sup>  | **MOROCCO — 0.0%** <sup>\*</sup>  | **MOROCCO — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; OCP SA <br> 6.75%, 5/2/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1455840 |
| **NETHERLANDS — 0.1%**  | **NETHERLANDS — 0.1%**  | **NETHERLANDS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; NXP BV/NXP <br> Funding LLC/NXP USA, Inc. <br> 4.85%, 8/19/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1031000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1017195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV <br> 8.25%, 7/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unigel Netherlands Holding <br> Corp. BV <br> 15.00%, 12/31/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ziggo BV <br> 4.88%, 1/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233103 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1646292 |
| **PARAGUAY — 0.1%**  | **PARAGUAY — 0.1%**  | **PARAGUAY — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bioceanico Sovereign <br> Certificate Ltd. <br> Zero Coupon, 6/5/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1584922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1290127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rutas 2 & 7 Finance Ltd. <br> Zero Coupon, 9/30/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1504999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1142430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telefonica Celular del <br> Paraguay SA <br> 5.88%, 4/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199510 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2632067 |
| **PERU — 0.4%**  | **PERU — 0.4%**  | **PERU — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco BBVA Peru SA VRN, 5 <br> yr. CMT + 2.00%,<br> 6.20%, 6/7/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203366 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco de Credito del Peru SA <br> 5 yr. CMT + 2.45%,<br> 3.25%, 9/30/2031 (c)<br>| $2420000 | &nbsp;&nbsp; $2385467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Internacional del Peru <br> SAA Interbank:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 7/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 2.07%,<br> 6.40%, 4/30/2035 <br> (a)(c)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2077019 |
| &nbsp;&nbsp;&nbsp;&nbsp; InRetail Consumer <br> 3.25%, 3/22/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2209000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2124616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intercorp Financial Services, <br> Inc. <br> 4.13%, 10/19/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1086745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lima Metro Line 2 Finance <br> Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 4/5/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1050375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 7/5/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 745592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marcobre SAC <br> 5.75%, 1/22/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Minsur SA <br> 4.50%, 10/28/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2436954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peru LNG SRL <br> 5.38%, 3/22/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Scotiabank Peru SAA VRN, 1 <br> yr. CMT + 2.31%,<br> 6.10%, 10/1/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Volcan Cia Minera SAA <br> 8.50%, 10/28/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 558839 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14455841 |
| **SINGAPORE — 0.1%**  | **SINGAPORE — 0.1%**  | **SINGAPORE — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Oversea-Chinese Banking <br> Corp. Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 0.80%, <br> 4.55%, 9/8/2035 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 1.58%, <br> 4.60%, 6/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000542 |
| United Overseas Bank Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 1.23%, 2.00%, <br> 10/14/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 1.45%, <br> 3.86%, 10/7/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 792232 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4471184 |
| **SOUTH AFRICA — 0.0%** <sup>\*</sup>  | **SOUTH AFRICA — 0.0%** <sup>\*</sup>  | **SOUTH AFRICA — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Gold Fields Orogen Holdings <br> BVI Ltd. <br> 6.13%, 5/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sasol Financing USA LLC <br> 4.38%, 9/18/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199034 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1014725 |
| **SPAIN — 0.0%** <sup>\*</sup>  | **SPAIN — 0.0%** <sup>\*</sup>  | **SPAIN — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Grifols SA <br> 4.75%, 10/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 804330 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **UNITED KINGDOM — 0.2%**  | **UNITED KINGDOM — 0.2%**  | **UNITED KINGDOM — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ardonagh Finco Ltd. <br> 7.75%, 2/15/2031 (a)<br>| $555000 | &nbsp;&nbsp; $560678 |
| BAT Capital Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 8/15/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1182220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 8/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1271000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1307706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belron U.K. Finance PLC <br> 5.75%, 10/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1155900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Froneri Lux FinCo SARL <br> 6.00%, 8/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1159025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings <br> Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 3/17/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 3/27/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 641000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 643699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merlin Entertainments Group <br> U.S. Holdings, Inc. <br> 7.38%, 2/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750816 |
| &nbsp;&nbsp;&nbsp;&nbsp; nVent Finance SARL <br> 5.65%, 5/15/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 657318 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8067711 |
| **UNITED STATES — 9.1%**  | **UNITED STATES — 9.1%**  | **UNITED STATES — 9.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1261229 BC Ltd. <br> 10.00%, 4/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1521656 |
| &nbsp;&nbsp;&nbsp;&nbsp; AAR Escrow Issuer LLC <br> 6.75%, 3/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341375 |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. <br> 5.50%, 3/15/2064<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1278000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1217819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Academy Ltd. <br> 6.00%, 11/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 8/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 7/1/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acushnet Co. <br> 5.63%, 12/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1157193 |
| &nbsp;&nbsp;&nbsp;&nbsp; AdaptHealth LLC <br> 5.13%, 3/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. <br> 7.38%, 8/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Drainage Systems, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 3/1/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 6/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1045000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1054917 |
| AEP Texas, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 5/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 672000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series Q, 5.20%, 4/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 954567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon <br> United Finance Corp. <br> 7.50%, 10/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agree LP <br> 5.63%, 6/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 849000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 867211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Airbnb, Inc. <br> 5.25%, 3/16/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1304000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1302879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Energy Corp. VRN, 5 yr. <br> CMT + 2.08%,<br> 5.75%, 4/1/2056 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 633483 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings <br> Intermediate LLC/Alliant <br> Holdings Co-Issuer:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/1/2031 (a) | $630000 | &nbsp;&nbsp; $621816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/15/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494876 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC <br> 7.88%, 2/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc. <br> 7.25%, 8/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 657492 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & <br> Manufacturing, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 10/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 10/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272625 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co. VRN, 5 <br> yr. CMT + 1.15%,<br> 5.41%, 2/8/2041 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1628000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1614585 |
| American Tower Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/15/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1311000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1287546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. <br> 5.75%, 3/2/2063<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1840000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1768424 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amphenol Corp. <br> 5.30%, 11/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1881000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1765676 |
| &nbsp;&nbsp;&nbsp;&nbsp; AmWINS Group, Inc. <br> 4.88%, 6/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream <br> Partners LP/Antero <br> Midstream Finance Corp. <br> 5.75%, 7/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Anywhere Real Estate <br> Group LLC/Anywhere <br> Co-Issuer Corp. <br> 7.00%, 4/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Anywhere Real Estate <br> Group LLC/Realogy <br> Co-Issuer Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 4/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 4/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386922 |
| &nbsp;&nbsp;&nbsp;&nbsp; APA Corp. <br> 6.10%, 2/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673364 |
| &nbsp;&nbsp;&nbsp;&nbsp; APH Somerset Investor 2 <br> LLC/APH2 Somerset <br> Investor 2 LLC/APH3 <br> Somerset Investor 2 LLC <br> 7.88%, 11/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293732 |
| &nbsp;&nbsp;&nbsp;&nbsp; AppLovin Corp. <br> 5.38%, 12/1/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 603633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock <br> Partners Finance Corp. <br> 6.63%, 9/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arizona Public Service Co. <br> 5.90%, 8/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2587987 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arrow Electronics, Inc. <br> 5.15%, 8/21/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1311000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1323966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arsenal AIC Parent LLC <br> 8.00%, 10/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177101 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Artera Services LLC <br> 8.50%, 2/15/2031 (a)<br>| $65000 | &nbsp;&nbsp; $56189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. <br> 4.85%, 12/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700498 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ashton Woods <br> USA LLC/Ashton Woods <br> Finance Co. <br> 4.63%, 4/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asurion LLC/Asurion Co-Issuer, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 12/31/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 2/1/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160715 |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. <br> 6.05%, 8/15/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2566000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2526612 |
| &nbsp;&nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc. <br> 6.50%, 2/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 579148 |
| Athene Global Funding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 10/8/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 615400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 7/17/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 705221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlassian Corp. <br> 5.25%, 5/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 796000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 801118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Augusta SpinCo Corp. <br> 5.25%, 3/23/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544054 |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc. <br> 5.13%, 6/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1248000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1269840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aviation Capital Group LLC <br> 5.38%, 7/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 811000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 823546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avnet, Inc. <br> 6.25%, 3/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2378000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2448650 |
| Azorra Finance Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 1/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 4/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baker Hughes <br> Holdings LLC/Baker Hughes <br> Co-Obligor, Inc. <br> 5.00%, 6/15/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1092000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1071776 |
| Bank of America Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.65%, 5.47%, <br> 1/23/2035 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 934338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.70%, 5.74%, <br> 2/12/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1068000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1086540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series OO, VRN, 5 yr. CMT <br> + 2.68%, 6.63%, 5/1/2030 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 628000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 643681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.23%, 5.06%, <br> 7/22/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 971000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 989498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series M, VRN, 5 yr. CMT + <br> 2.03%, 5.63%, 3/20/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1090000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1067208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bausch & Lomb Corp. <br> 8.38%, 10/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 719186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC <br> PIK, <br> 10.00%, 7/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224094 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, Inc. <br> 5.50%, 2/15/2034 (a)<br>| $410000 | &nbsp;&nbsp; $402960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. <br> 6.00%, 1/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1192000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1236903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Pearl Compute LLC <br> 6.13%, 2/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Block Financial LLC <br> 5.38%, 9/15/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2751000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2665251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brown & Brown, Inc. <br> 6.25%, 6/23/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 536000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Buckeye Partners LP <br> 6.88%, 7/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750761 |
| Builders FirstSource, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 3/1/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 5/15/2035 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 645381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. <br> 4.65%, 9/17/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1414971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Burlington Northern Santa <br> Fe LLC <br> 5.50%, 3/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1156000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1113609 |
| &nbsp;&nbsp;&nbsp;&nbsp; CACI International, Inc. <br> 6.38%, 6/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249197 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc. <br> 6.00%, 10/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cardinal Health, Inc. <br> 4.90%, 9/15/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2726000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2397244 |
| Carnival Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 5/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 8/1/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1170222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 6/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1376565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 2/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442091 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 1/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 3/1/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1119206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 2/1/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 5/1/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 2/1/2036 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154223 |
| Celanese U.S. Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 4/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 4/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379509 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles Schwab Corp. SOFR + <br> 0.94%,<br> 4.34%, 11/14/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1331302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemours Co. <br> 7.88%, 3/15/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154947 |
| Cheniere Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2172806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 4/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1253000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1291029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 7/30/2056 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110512 |
| Chord Energy Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/1/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 3/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449224 |
| &nbsp;&nbsp;&nbsp;&nbsp; CHS/Community Health <br> Systems, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 2/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 1/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475229 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 4/15/2029 (a) | $200000 | &nbsp;&nbsp; $192120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cipher Compute LLC <br> 7.13%, 11/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621810 |
| Citigroup, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.17%, 4.50%, <br> 9/11/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.46%, 4.95%, <br> 5/7/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1125032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 2.66%, 6.17%, <br> 5/25/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 601000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GG, 5 yr. CMT + <br> 2.89%, 6.88%, 8/15/2030 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clarios Global LP/Clarios <br> U.S. Finance Co.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 5/15/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 566966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 2/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 697775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 9/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 811802 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clear Channel Outdoor <br> Holdings, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 2/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 6/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc. <br> 6.88%, 11/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 |
| Cloud Software Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 3/31/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 8/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 9/30/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition <br> Holdings, Inc. <br> 6.75%, 4/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595955 |
| &nbsp;&nbsp;&nbsp;&nbsp; CMS Energy Corp. VRN, 5 yr. <br> CMT + 1.96%,<br> 6.50%, 6/1/2055 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 633362 |
| &nbsp;&nbsp;&nbsp;&nbsp; CNH Industrial Capital LLC <br> 4.38%, 3/7/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1331215 |
| &nbsp;&nbsp;&nbsp;&nbsp; CNX Midstream Partners LP <br> 4.75%, 4/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 524128 |
| &nbsp;&nbsp;&nbsp;&nbsp; CNX Resources Corp. <br> 5.88%, 3/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colonial Enterprises, Inc. <br> 5.63%, 11/15/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 762481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbus McKinnon Corp. <br> 7.13%, 2/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 933074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commonwealth Edison Co. <br> 5.95%, 6/1/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2572000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2617910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Energy <br> Generation LLC <br> 4.40%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1074000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumers Energy Co. <br> 4.50%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 761000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 762370 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoreWeave, Inc. <br> 9.25%, 6/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403621 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cougar JV Subsidiary LLC <br> 8.00%, 5/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269290 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook <br> Holdco LLC <br> 5.50%, 6/15/2031 (a)<br>| $1180000 | &nbsp;&nbsp; $1151397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crescent Energy Finance LLC <br> 7.88%, 4/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158563 |
| &nbsp;&nbsp;&nbsp;&nbsp; CRH America Finance, Inc. <br> 4.40%, 2/9/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1297379 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSX Corp. <br> 3.35%, 9/15/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2927000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dcli Bidco LLC <br> 7.75%, 11/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1151856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dealer Tire LLC/DT Issuer LLC <br> 8.00%, 2/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1188012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dell, Inc. <br> 6.50%, 4/15/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630762 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. <br> 5.25%, 7/10/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 667064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Directv Financing LLC <br> 8.88%, 2/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 928103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv <br> Financing Co-Obligor, Inc. <br> 5.88%, 8/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408766 |
| &nbsp;&nbsp;&nbsp;&nbsp; Discovery Global Holdings, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 3/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 3/15/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286870 |
| DISH DBS Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 6/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/1/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1152384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dornoch Debt Merger Sub, Inc. <br> 6.63%, 10/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249379 |
| &nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co. <br> 5.85%, 6/1/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1698000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1778944 |
| Duke Energy Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 8/15/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 6/15/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2187000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2096589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eastern Energy Gas <br> Holdings LLC <br> 5.65%, 10/15/2054<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1220756 |
| &nbsp;&nbsp;&nbsp;&nbsp; EchoStar Corp. <br> 10.75%, 11/30/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 556200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. <br> 5.13%, 2/15/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2107848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ellucian Holdings, Inc. <br> 6.50%, 12/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 741661 |
| &nbsp;&nbsp;&nbsp;&nbsp; Embarq LLC <br> 8.00%, 6/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45720 |
| &nbsp;&nbsp;&nbsp;&nbsp; EMRLD Borrower LP/Emerald <br> Co-Issuer, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 12/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 7/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings, Inc. <br> 6.00%, 9/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP Series G, <br> VRN, 5 yr. CMT + 5.31%,<br> 7.13%, 5/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1304000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1322765 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Arkansas LLC <br> 5.75%, 6/1/2054<br>| $644000 | &nbsp;&nbsp; $628763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp. 5 yr. CMT + <br> 2.67%,<br> 7.13%, 12/1/2054 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1241760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Louisiana LLC <br> 4.75%, 9/15/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 886000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enterprise Products <br> Operating LLC <br> 5.55%, 2/16/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1189536 |
| Equinix, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 9/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1348115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 4/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1189364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essential Properties LP <br> 5.40%, 12/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1309159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essential Utilities, Inc. <br> 5.13%, 3/15/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evergy Kansas Central, Inc. <br> 5.70%, 3/15/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1291028 |
| Expand Energy Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 2/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 636000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 4/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expedia Group, Inc. <br> 3.80%, 2/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2768000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2731324 |
| Extra Space Storage LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 1/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 626021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 2/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1162000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1170076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fedex Freight Holding Co., Inc. <br> 4.95%, 3/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fertitta <br> Entertainment LLC/Fertitta <br> Entertainment Finance Co., <br> Inc. <br> 6.75%, 1/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280287 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Industrial LP <br> 5.25%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1653000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1669794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fiserv, Inc. <br> 4.55%, 2/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1302000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1274476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flash Compute LLC <br> 7.25%, 12/31/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flex Ltd. <br> 5.38%, 11/13/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 636887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Florida Gas Transmission Co. <br> LLC <br> 5.75%, 7/15/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage <br> Holdings LLC <br> 8.38%, 4/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457792 |
| Freeport-McMoRan, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 8/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Full House Resorts, Inc. <br> 8.25%, 2/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gabx Leasing LLC <br> 4.63%, 4/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 764057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gates Corp. <br> 6.88%, 7/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353525 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; GATX Corp. <br> 5.20%, 3/15/2044<br>| $686000 | &nbsp;&nbsp; $630791 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE HealthCare Technologies, <br> Inc. <br> 4.80%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1273020 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE Vernova, Inc. <br> 5.50%, 2/4/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403876 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Financial Co., <br> Inc. <br> 4.60%, 1/8/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1306998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc. <br> 6.25%, 4/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1547335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genting New York LLC/GENNY <br> Capital, Inc. <br> 7.25%, 10/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Getty Images, Inc. <br> 10.50%, 11/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613992 |
| &nbsp;&nbsp;&nbsp;&nbsp; GFL Environmental Holdings <br> U.S., Inc. <br> 5.50%, 2/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1663202 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. <br> 5.55%, 11/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607712 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLP Capital LP/GLP Financing <br> II, Inc. <br> 5.63%, 3/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1082000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1052288 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goat Holdco LLC <br> 6.75%, 2/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662388 |
| Goldman Sachs Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.96%, 4.52%, <br> 1/21/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.06%, 4.37%, <br> 10/21/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1319000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1293161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.55%, 5.33%, <br> 7/23/2035 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1232000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1236066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 2.46%, <br> 6.85%, 2/10/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 599000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co. <br> 5.25%, 7/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223933 |
| &nbsp;&nbsp;&nbsp;&nbsp; GrafTech Finance, Inc. <br> 4.63%, 12/23/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graham Holdings Co. <br> 5.63%, 12/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1124401 |
| Gray Media, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 8/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 614459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 7/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Griffon Corp. <br> 5.75%, 3/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 945003 |
| Group 1 Automotive, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 8/15/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 642822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 1/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guardian Life Global Funding <br> 4.80%, 4/28/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1133488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gulfport Energy Operating <br> Corp. <br> 6.75%, 9/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557688 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harvest Midstream I LP <br> 7.50%, 5/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494719 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Herc Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 3/15/2031 (a) | $255000 | &nbsp;&nbsp; $251300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 3/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 6/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hess Midstream Operations LP <br> 5.13%, 6/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hightower Holding LLC <br> 6.75%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 597434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy I LP/Hilcorp <br> Finance Co. <br> 7.25%, 2/15/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., <br> Inc. <br> 5.75%, 9/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Honeywell Aerospace, Inc. <br> 4.95%, 3/16/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1113147 |
| &nbsp;&nbsp;&nbsp;&nbsp; HUB International Ltd. <br> 7.25%, 6/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462019 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hubbell, Inc. <br> 4.80%, 11/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. 5 <br> yr. CMT + 1.17%,<br> 2.49%, 8/15/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1573000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1348895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyundai Capital America <br> 5.30%, 1/8/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2084000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2111863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn <br> Enterprises Finance Corp. <br> 5.25%, 5/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338117 |
| &nbsp;&nbsp;&nbsp;&nbsp; iHeartCommunications, Inc. <br> 9.13%, 5/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140694 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illumina, Inc. <br> 4.75%, 12/12/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1049000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1043566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illuminate Buyer LLC/Illuminate <br> Holdings IV, Inc. <br> 9.00%, 7/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial F&B Investments III, <br> Inc. <br> 7.75%, 2/11/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Installed Building Products, Inc. <br> 5.63%, 2/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 751031 |
| &nbsp;&nbsp;&nbsp;&nbsp; ION Platform Finance U.S., <br> Inc. <br> 7.88%, 9/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185914 |
| &nbsp;&nbsp;&nbsp;&nbsp; ION Platform Finance U.S., <br> Inc./ION Platform Finance <br> SARL <br> 5.00%, 5/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442643 |
| &nbsp;&nbsp;&nbsp;&nbsp; IQVIA, Inc. <br> 6.25%, 6/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc. <br> 7.00%, 2/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. <br> 4.75%, 2/1/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jacobs Solutions, Inc. <br> 5.38%, 3/3/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2209000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2150881 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods <br> Group Holdings, Inc./JBS <br> USA Food Co. Holdings:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 3/10/2037 (a)(b) | $412000 | &nbsp;&nbsp; $412531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 3/1/2056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1281000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1253612 |
| &nbsp;&nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue <br> Loyalty LP <br> 9.88%, 9/20/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212639 |
| JPMorgan Chase & Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.93%, 4.26%, <br> 10/22/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.01%, 5.14%, <br> 1/24/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1079801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.44%, 5.10%, <br> 4/22/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1248000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1270564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.46%, 5.29%, <br> 7/22/2035 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2274000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2298718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.64%, 5.58%, <br> 7/23/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 814000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824867 |
| &nbsp;&nbsp;&nbsp;&nbsp; K Hovnanian Enterprises, Inc. <br> 8.00%, 4/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kentucky Utilities Co. <br> 5.85%, 8/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan Energy <br> Partners LP Series MTN, <br> 6.95%, 1/15/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 637710 |
| Kodiak Gas Services LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/1/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/1/2035 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 2/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kroger Co. <br> 5.65%, 9/15/2064<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1278000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1187390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kyndryl Holdings, Inc. <br> 4.10%, 10/15/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2373000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1660625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Laboratory Corp. of America <br> Holdings <br> 4.80%, 10/1/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2554000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2487596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamar Media Corp. <br> 5.38%, 11/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1151409 |
| LBM Acquisition LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 1/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 6/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing, Inc. <br> 6.88%, 6/30/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707698 |
| &nbsp;&nbsp;&nbsp;&nbsp; LFS Topco LLC <br> 8.75%, 7/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Time, Inc. <br> 6.00%, 11/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1537978 |
| &nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health, Inc. <br> 10.00%, 6/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Light & Wonder International, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/1/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 11/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lindblad Expeditions LLC <br> 7.00%, 9/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505751 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin Corp. <br> 5.00%, 8/15/2035<br>| $1273000 | &nbsp;&nbsp; $1283490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. <br> 5.63%, 4/15/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598699 |
| &nbsp;&nbsp;&nbsp;&nbsp; M/I Homes, Inc. <br> 4.95%, 2/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison IAQ LLC <br> 5.88%, 6/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1473585 |
| Marriott International, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1291000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1275792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 3/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1265586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mars, Inc. <br> 5.70%, 5/1/2055 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1282000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1249706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., Inc. <br> 4.95%, 3/15/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1308000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1295352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marvell Technology, Inc. <br> 5.95%, 9/15/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2447257 |
| &nbsp;&nbsp;&nbsp;&nbsp; MasTec, Inc. <br> 5.90%, 6/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1223000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1263078 |
| Matador Resources Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 4/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 4/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Match Group Holdings II LLC <br> 5.00%, 12/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc. <br> 8.00%, 10/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mattel, Inc. <br> 5.00%, 11/17/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mavis Tire Express Services <br> Topco Corp. <br> 6.50%, 5/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212979 |
| &nbsp;&nbsp;&nbsp;&nbsp; McAfee Corp. <br> 7.38%, 2/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123737 |
| &nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corp. <br> 5.45%, 8/14/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1232000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1167788 |
| McGraw-Hill Education, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 8/1/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 9/1/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower LP <br> 5.25%, 10/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2416000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2394353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower LP/Medline <br> Co-Issuer, Inc. <br> 6.25%, 4/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163042 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merck & Co., Inc. <br> 5.70%, 9/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1584000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1572627 |
| &nbsp;&nbsp;&nbsp;&nbsp; MetLife, Inc. Series G, VRN, 5 <br> yr. CMT + 2.08%,<br> 6.35%, 3/15/2055 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1058000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1071415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Michaels Cos., Inc. <br> 8.50%, 3/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 467419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Midwest Gaming <br> Borrower LLC/Midwest <br> Gaming Finance Corp. <br> 4.88%, 5/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431815 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Miter Brands Acquisition <br> Holdco, Inc./MIWD <br> Borrower LLC <br> 6.75%, 4/1/2032 (a)<br>| $510000 | &nbsp;&nbsp; $488264 |
| &nbsp;&nbsp;&nbsp;&nbsp; Molex Electronic <br> Technologies LLC <br> 5.25%, 4/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1392000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1409511 |
| Morgan Stanley: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 1.80%, 5.94%, <br> 2/7/2039 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1237884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 2.43%, 5.95%, <br> 1/19/2038 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 614000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 629313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.80%, 4.24%, <br> 1/9/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.18%, 5.07%, <br> 1/30/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series I, SOFR + 1.07%, <br> 4.36%, 10/22/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1293970 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. <br> 5.20%, 8/15/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1064826 |
| &nbsp;&nbsp;&nbsp;&nbsp; MPLX LP <br> 5.30%, 4/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 672000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662592 |
| Nabors Industries, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 11/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 1/31/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383089 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Fuel Gas Co. <br> 5.95%, 3/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544904 |
| Navient Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178982 |
| NCL Corp. Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 1/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 9/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neptune Bidco U.S., Inc. <br> 10.38%, 5/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515758 |
| &nbsp;&nbsp;&nbsp;&nbsp; New York Life Insurance Co. <br> 6.75%, 11/15/2039 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newell Brands, Inc. <br> 6.38%, 5/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442962 |
| Nexstar Media, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 9/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1123630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 4/15/2034 (a)(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250545 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital <br> Holdings, Inc. <br> 5.90%, 3/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1266000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1244794 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGL Energy <br> Operating LLC/NGL Energy <br> Finance Corp. <br> 8.13%, 2/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216489 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGPL PipeCo LLC <br> 3.25%, 7/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1238010 |
| NiSource, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 4/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1057000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1075497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 4/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1057000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1025914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 2.45%, 6.95%, <br> 11/30/2054 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 597475 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. <br> LLC <br> 5.63%, 9/29/2028 (a)<br>| $360000 | &nbsp;&nbsp; $352739 |
| Northrop Grumman Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.03%, 10/15/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 6/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2136000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1968687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Novartis Capital Corp. <br> 5.70%, 3/18/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1371696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Novelis Corp. <br> 6.88%, 1/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232024 |
| NRG Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 1/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 2/1/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 426509 |
| OAK-Eagle Acquireco, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 7/1/2033 (a)(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 7/1/2034 (a)(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Olin Corp. <br> 6.63%, 4/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Olympus Water U.S. Holding <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 8/1/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 2/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omega Healthcare Investors, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 4/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 641010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 2/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 638022 |
| OneMain Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 5/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 3/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 5/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343424 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc. <br> 4.55%, 7/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673734 |
| O'Reilly Automotive, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 8/19/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 568269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Outfront Media <br> Capital LLC/Outfront Media <br> Capital Corp. <br> 7.38%, 2/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Owens Corning <br> 5.70%, 6/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1184720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Panther Escrow Issuer LLC <br> 7.13%, 6/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Park Intermediate <br> Holdings LLC/PK Domestic <br> Property LLC/PK Finance <br> Co-Issuer <br> 7.00%, 2/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 581917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex, Inc. <br> 5.35%, 4/15/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2503000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2515966 |
| &nbsp;&nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF <br> Finance Corp. <br> 6.00%, 2/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Penn Entertainment, Inc. <br> 6.75%, 4/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388620 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 2/15/2029 (a) | $310000 | &nbsp;&nbsp; $294004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 5/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 12/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Penske Truck Leasing Co. <br> LP/PTL Finance Corp. <br> 5.25%, 2/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2492000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2528782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group, Inc. <br> 5.63%, 3/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Permian Resources <br> Operating LLC <br> 6.25%, 2/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 961000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 978596 |
| &nbsp;&nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 9/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 599873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 9/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753052 |
| Philip Morris International, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 2/13/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1182110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1269358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips Edison Grocery Center <br> Operating Partnership I LP <br> 5.75%, 7/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1299244 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.42%, 5.37%, <br> 7/21/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 1.17%, <br> 5.42%, 1/25/2041 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540724 |
| Post Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 3/1/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Primo Water Holdings, <br> Inc./Triton Water Holdings, <br> Inc. <br> 6.25%, 4/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1162088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progressive Corp. <br> 5.15%, 3/26/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1326255 |
| &nbsp;&nbsp;&nbsp;&nbsp; PSEG Power LLC <br> 5.20%, 5/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 871000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 884239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc. <br> 6.25%, 8/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qorvo, Inc. <br> 3.38%, 4/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 848000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 766863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. <br> 5.00%, 12/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1189000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1180415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc. <br> 6.75%, 3/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695789 |
| &nbsp;&nbsp;&nbsp;&nbsp; QXO Building Products, Inc. <br> 6.75%, 4/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 960000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 979344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radiate Holdco LLC/Radiate <br> Finance, Inc. 2025 First Lien <br> First Out Term Loan, <br> 4.50%, 9/15/2026 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86418 |
| Radiology Partners, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 7/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 578561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.78%, 2/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210078 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; RHP Hotel Properties LP/RHP <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 3/15/2034 (a) | $495000 | &nbsp;&nbsp; $488540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 6/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595255 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rivers Enterprise <br> Borrower LLC <br> 6.25%, 10/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rivers Enterprise <br> Borrower LLC/Rivers <br> Enterprise Finance Corp. <br> 6.63%, 2/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916053 |
| Rocket Cos., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 8/1/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 8/1/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rollins, Inc. <br> 5.25%, 2/24/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1339000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1335452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies, Inc. <br> 4.25%, 9/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 774000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 769720 |
| Royal Caribbean Cruises Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 7/15/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 1/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royalty Pharma PLC <br> 5.95%, 9/25/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759143 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sabra Health Care LP <br> 3.20%, 12/1/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1477000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1333554 |
| Sabre GLBL, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 11/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 3/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Select Medical Corp. <br> 6.25%, 12/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380200 |
| Service Properties Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 9/30/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252246 |
| Sirius XM Radio LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 7/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1025000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1020305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 4/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387110 |
| &nbsp;&nbsp;&nbsp;&nbsp; SM Energy Co. <br> 7.00%, 8/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solstice Advanced Materials, <br> Inc. <br> 5.63%, 9/30/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solventum Corp. <br> 5.40%, 3/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458636 |
| Sonoco Products Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 9/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. Series 2025, <br> VRN, 5 yr. CMT + 2.07%,<br> 6.38%, 3/15/2055 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. Gas Capital <br> Corp. Series A, <br> 4.05%, 9/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 426698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Natural Gas Co. LLC <br> 5.45%, 8/1/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 674166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc. <br> 4.60%, 6/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528201 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Standard Building Solutions, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 3/15/2034 (a) | $510000 | &nbsp;&nbsp; $493308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 8/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 954721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Staples, Inc. <br> 10.75%, 9/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Leasing Co. LLC <br> 7.63%, 2/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148842 |
| Starwood Property Trust, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/15/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 4/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 4/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Starz Capital Holdings LLC <br> 5.50%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Station Casinos LLC <br> 6.63%, 3/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 774697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Store Capital LLC <br> 4.95%, 2/11/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Suburban Propane <br> Partners LP/Suburban <br> Energy Finance Corp. <br> 5.00%, 6/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281712 |
| &nbsp;&nbsp;&nbsp;&nbsp; SunCoke Energy, Inc. <br> 4.88%, 6/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370345 |
| &nbsp;&nbsp;&nbsp;&nbsp; SV RNO Property Owner 1 <br> LLC <br> 5.88%, 3/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624311 |
| &nbsp;&nbsp;&nbsp;&nbsp; SWF Holdings I Corp. <br> 6.50%, 10/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Talen Energy Supply LLC <br> 6.25%, 2/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy <br> Partners LP/Tallgrass <br> Energy Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 3/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 2/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 611553 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Corp. <br> 4.35%, 1/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 677000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 674042 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Communities, <br> Inc. <br> 5.75%, 11/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771963 |
| Tenet Healthcare Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 6/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textron, Inc. <br> 5.50%, 5/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1209000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1229553 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. <br> 5.50%, 1/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3171000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2918747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trans-Allegheny Interstate Line <br> Co. <br> 5.00%, 1/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2497000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2536528 |
| TransDigm, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 1/31/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 5/31/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 658112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 1/31/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 579379 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Transocean International Ltd. <br> 7.88%, 10/15/2032 (a)<br>| $155000 | &nbsp;&nbsp; $164726 |
| &nbsp;&nbsp;&nbsp;&nbsp; Travelers Cos., Inc. <br> 4.60%, 8/1/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 719000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trident TPI Holdings, Inc. <br> 12.75%, 12/31/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tronox, Inc. <br> 9.13%, 9/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124815 |
| Truist Financial Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, SOFR + 1.57%, <br> 5.15%, 8/5/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1182801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, SOFR + 2.45%, <br> 7.16%, 10/30/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563093 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Foods, Inc. <br> 5.75%, 4/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 768190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc. <br> 4.80%, 9/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2396173 |
| &nbsp;&nbsp;&nbsp;&nbsp; UKG, Inc. <br> 6.88%, 2/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1171518 |
| United Airlines Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 3/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 3/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2468038 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Airlines, Inc. <br> 4.63%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1874000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1837082 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Natural Foods, Inc. <br> 6.75%, 10/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1478000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1478961 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Rentals North America, <br> Inc. <br> 5.38%, 11/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1154356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group <br> Finance 2019, Inc./CSL <br> Capital LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 6/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series FEB, 8.63%, <br> 6/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uniti Services LLC <br> 7.50%, 10/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Univision Communications, Inc. <br> 8.50%, 7/31/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 705000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Upbound Group, Inc. <br> 6.38%, 2/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155202 |
| Vail Resorts, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 7/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 5/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207325 |
| Venture Global LNG, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 6/1/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 6/1/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 909982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 2/1/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187982 |
| &nbsp;&nbsp;&nbsp;&nbsp; Venture Global Plaquemines <br> LNG LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 12/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 1/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 5/1/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131988 |
| Veralto Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 9/18/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 9/18/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653811 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. <br> 5.25%, 6/1/2032<br>| $1555000 | &nbsp;&nbsp; $1568202 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. <br> 5.25%, 6/5/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1228000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1221909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veritiv Operating Co. <br> 10.50%, 11/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. <br> 5.75%, 11/30/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1578000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1536530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vertiv Group Corp. <br> 4.13%, 11/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2687000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2637586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vertiv Holdings Co. <br> 5.80%, 3/15/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924817 |
| &nbsp;&nbsp;&nbsp;&nbsp; VICI Properties LP/VICI <br> Note Co., Inc. <br> 4.63%, 12/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2497049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Victra Holdings LLC/Victra <br> Finance Corp. <br> 8.75%, 9/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1534079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viking Cruises Ltd. <br> 5.88%, 10/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3442138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viper Energy Partners LLC <br> 4.90%, 8/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 901000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 902442 |
| Virginia Electric & Power Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 8/15/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series D, 5.60%, 9/15/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619876 |
| Vistra Operations Co. LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 5/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1298678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 4/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 10/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340493 |
| &nbsp;&nbsp;&nbsp;&nbsp; VoltaGrid LLC <br> 7.38%, 11/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voyager Parent LLC <br> 9.25%, 7/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770510 |
| &nbsp;&nbsp;&nbsp;&nbsp; VSP Optical Group, Inc. <br> 5.45%, 12/1/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455598 |
| &nbsp;&nbsp;&nbsp;&nbsp; VT Topco, Inc. <br> 8.50%, 8/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walker & Dunlop, Inc. <br> 6.63%, 4/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc. <br> 7.63%, 1/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1538862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Waste Connections, Inc. <br> 5.25%, 9/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1052000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1072724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Watco Cos. LLC/Watco <br> Finance Corp. <br> 7.13%, 8/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544882 |
| Wayfair LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 11/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/31/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280987 |
| &nbsp;&nbsp;&nbsp;&nbsp; WBI Operating LLC <br> 6.50%, 10/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weatherford International Ltd. <br> 6.75%, 10/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 728606 |
| &nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. VRN, <br> 5 yr. CMT + 1.91%,<br> 5.63%, 5/15/2056 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 913000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896201 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Wells Fargo & Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.34%, 4.89%, <br> 9/15/2036 (c)<br>| $2708000 | &nbsp;&nbsp; $2634126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.50%, 5.15%, <br> 4/23/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2583000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2626859 |
| WESCO Distribution, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 3/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Midstream <br> Operating LP <br> 5.50%, 12/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 676000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. <br> 4.90%, 5/29/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2526000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2552498 |
| &nbsp;&nbsp;&nbsp;&nbsp; Whirlpool Corp. <br> 6.50%, 6/15/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. <br> 5.95%, 3/15/2056<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1289000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1269085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Willis North America, Inc. <br> 4.55%, 3/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 734000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Windstream <br> Services LLC/Windstream <br> Escrow Finance Corp. <br> 8.25%, 10/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Workday, Inc. <br> 3.80%, 4/1/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 586648 |
| &nbsp;&nbsp;&nbsp;&nbsp; WR Grace Holdings LLC <br> 5.63%, 8/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532626 |
| &nbsp;&nbsp;&nbsp;&nbsp; WULF Compute LLC <br> 7.75%, 10/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, <br> Inc. <br> 4.38%, 8/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571720 |
| XHR LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 6/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1090091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 5/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2420579 |
| &nbsp;&nbsp;&nbsp;&nbsp; XPO, Inc. <br> 7.13%, 6/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700733 |
| Zoetis, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 8/17/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1272888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 2/1/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459086 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 380607959 |
| **VIETNAM — 0.0%** <sup>\*</sup>  | **VIETNAM — 0.0%** <sup>\*</sup>  | **VIETNAM — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mong Duong Finance Holdings <br> BV <br> 5.13%, 5/7/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 637319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 626631 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br> **& NOTES**<br> (Cost $521,937,830)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 517634649 |
| **ASSET-BACKED** <br> **SECURITIES — 9.9%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AASET Ltd. Series 2024-2A, <br> Class A, ABS, <br> 5.93%, 9/16/2049 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2936133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2957761 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; AASET MT-1 Ltd. Series <br> 2025-3A, Class B, ABS, <br> 5.73%, 2/16/2050 (a)<br>| $3431980 | &nbsp;&nbsp; $3379064 |
| &nbsp;&nbsp;&nbsp;&nbsp; AASET Trust Series 2024-1A, <br> Class B, <br> 6.90%, 5/16/2049 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417144 |
| &nbsp;&nbsp;&nbsp;&nbsp; ACE Securities Corp. Home <br> Equity Loan Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-FM1, <br> Class A2C, ABS, 1 mo. <br> USD Term SOFR + <br> 0.41%, 4.09%, 7/25/2036 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8130839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1904293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-WM2, <br> Class A2C, ABS, 1 mo. <br> USD Term SOFR + <br> 0.67%, 4.35%, 2/25/2037 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2484792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 994786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Affirm Asset Securitization <br> Trust Series 2025-X1, <br> Class B, ABS, <br> 5.19%, 4/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3506190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameriquest Mortgage <br> Securities, Inc. <br> Asset-Backed Pass-Through <br> Certificates:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2002-D, Class M1, <br> ABS, 1 mo. USD Term <br> SOFR - 3.86%, 3.24%, <br> 2/25/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2391626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2119219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2004-FR1, Class M5, <br> 3.69%, 5/25/2034 (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4804032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3566363 |
| AMSR Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-SFR1, Class B, <br> 4.00%, 4/17/2040 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11795029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-SFR2, Class A, <br> 3.95%, 6/17/2040 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6695154 |
| &nbsp;&nbsp;&nbsp;&nbsp; Anthelion CLO Ltd. Series <br> 2025-1A, Class A1, 3 mo. <br> USD Term SOFR + 1.50%,<br> 5.17%, 7/20/2036 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3991476 |
| &nbsp;&nbsp;&nbsp;&nbsp; APIDOS CLO XLI Ltd. Series <br> 2022-41A, Class D1R, 3 mo. <br> USD Term SOFR + 3.00%,<br> 6.67%, 10/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1002352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apidos CLO XXXIX Ltd. Series <br> 2022-39A, Class A1R, ABS, <br> 3 mo. USD Term SOFR + <br> 1.23%,<br> 4.90%, 10/21/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999902 |
| &nbsp;&nbsp;&nbsp;&nbsp; APL Finance DAC Series <br> 2025-1A, Class B, <br> 5.28%, 3/20/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1852000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1855179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Argent Securities Trust Series <br> 2006-M1, Class A2B, ABS, 1 <br> mo. USD Term SOFR + <br> 0.29%,<br> 3.97%, 7/25/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16665247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4153646 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoNation Finance Trust <br> Series 2025-1A, Class C, <br> ABS, <br> 5.19%, 12/10/2030 (a)<br>| $3250000 | &nbsp;&nbsp; $3291359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avant Loans Funding Trust <br> Series 2024-REV1, Class A, <br> 5.92%, 10/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3027962 |
| Bain Capital Credit CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-4A, <br> Class A1RR, ABS, 3 mo. <br> USD Term SOFR + <br> 0.99%, 4.66%, 4/23/2035 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1996508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class AR, <br> ABS, 3 mo. USD Term <br> SOFR + 0.94%, 4.61%, <br> 4/18/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1993532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class AR, <br> ABS, 3 mo. USD Term <br> SOFR + 1.06%, 4.73%, <br> 7/24/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2493803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-6A, Class A1R, <br> ABS, 3 mo. USD Term <br> SOFR + 1.09%, 4.76%, <br> 10/21/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2A, Class A1R, <br> ABS, 3 mo. USD Term <br> SOFR + 1.32%, 4.99%, <br> 7/18/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2001810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-4A, Class D1, 3 <br> mo. USD Term SOFR + <br> 3.10%, 6.77%, <br> 10/23/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3A, Class D1, <br> ABS, 3 mo. USD Term <br> SOFR + 2.85%, 6.52%, <br> 7/23/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bayswater Park CLO Ltd. <br> Series 2023-1A, Class AR, <br> ABS, 3 mo. USD Term <br> SOFR + 1.21%,<br> 4.88%, 1/20/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3490581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO 46 <br> Ltd. Series 2025-46A, <br> Class A, ABS, 3 mo. USD <br> Term SOFR + 1.21%,<br> 4.88%, 1/25/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1996062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO IX <br> Ltd. Series 2016-9A, <br> Class D1R2, ABS, 3 mo. <br> USD Term SOFR + 3.10%,<br> 6.77%, 10/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 994980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO <br> XXXII Ltd. Series 2023-32A, <br> Class AR, ABS, 3 mo. USD <br> Term SOFR + 1.21%,<br> 4.88%, 10/25/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4989475 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO <br> XXXVII Ltd. Series <br> 2024-37A, Class D1, ABS, 3 <br> mo. USD Term SOFR + <br> 2.85%,<br> 6.52%, 1/25/2038 (a)(c)<br>| $1000000 | &nbsp;&nbsp; $983030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackbird Capital II Aircraft <br> Lease Ltd. Series 2021-1A, <br> Class B, ABS, <br> 3.45%, 7/15/2046 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3101100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2959144 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlueMountain CLO XXIII Ltd. <br> Series 2018-23A, <br> Class D1R, 3 mo. USD Term <br> SOFR + 3.85%,<br> 7.52%, 7/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999939 |
| &nbsp;&nbsp;&nbsp;&nbsp; BNC Mortgage Loan Trust <br> Series 2006-1, Class A1, <br> ABS, 1 mo. USD Term <br> SOFR + 0.47%,<br> 4.15%, 10/25/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14442764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9848284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brant Point CLO Ltd. Series <br> 2024-5A, Class D1, ABS, 3 <br> mo. USD Term SOFR + <br> 3.10%,<br> 6.77%, 10/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Business Jet Securities LLC <br> Series 2024-2A, Class B, <br> ABS, <br> 5.75%, 9/15/2039 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2340332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2320333 |
| Canyon Capital CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class DR, <br> ABS, 3 mo. USD Term <br> SOFR + 3.26%, 6.93%, <br> 7/15/2030 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class DR, <br> ABS, 3 mo. USD Term <br> SOFR + 2.90%, 6.57%, <br> 4/15/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1932018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canyon CLO Ltd. Series <br> 2020-1A, Class DR2, ABS, 3 <br> mo. USD Term SOFR + <br> 3.10%,<br> 6.77%, 7/15/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 968141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market <br> Strategies CLO Ltd. Series <br> 2016-3A, Class DRRR, ABS, <br> 3 mo. USD Term SOFR + <br> 2.85%,<br> 6.52%, 7/20/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 971831 |
| Carlyle U.S. CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-8A, Class A1R, <br> ABS, 3 mo. USD Term <br> SOFR + 1.27%, 4.94%, <br> 10/15/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-5A, Class D1R, <br> 3 mo. USD Term SOFR + <br> 3.15%, 6.82%, <br> 10/15/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493638 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3A, Class A1R, <br> ABS, 3 mo. USD Term <br> SOFR + 1.23%, 4.90%, <br> 10/15/2038 (a)(c)<br>| $2500000 | &nbsp;&nbsp; $2498762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5A, Class D1, <br> ABS, 3 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 10/25/2036 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 966800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5A, Class D1, <br> ABS, 3 mo. USD Term <br> SOFR + 2.60%, 6.25%, <br> 1/15/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1972656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carvana Auto Receivables <br> Trust Series 2025-P2, <br> Class B, ABS, <br> 5.11%, 7/10/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1215312 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBAM Ltd. Series 2017-1A, <br> Class AR2, ABS, 3 mo. USD <br> Term SOFR + 1.39%,<br> 5.06%, 1/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cedar Funding XIX CLO Ltd. <br> Series 2024-19A, Class D1, <br> ABS, 3 mo. USD Term <br> SOFR + 3.00%,<br> 6.67%, 1/23/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chase Auto Owner Trust <br> Series 2024-5A, Class A4, <br> ABS, <br> 4.15%, 3/25/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5255505 |
| CIFC Funding Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2A, Class D1R, <br> 3 mo. USD Term SOFR + <br> 3.05%, 6.72%, <br> 10/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-3A, <br> Class A1R2, ABS, 3 mo. <br> USD Term SOFR + <br> 1.21%, 4.88%, <br> 10/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2743125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-5A, Class D1R, <br> ABS, 3 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 1/15/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 992042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-6A, Class B, 3 <br> mo. USD Term SOFR + <br> 1.91%, 5.58%, <br> 10/15/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cloud Capital Holdco LP Series <br> 2024-2A, Class A2, ABS, <br> 5.92%, 11/22/2049 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1996481 |
| Clover CLO LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, <br> Class A1RR, 3 mo. USD <br> Term SOFR + 1.53%, <br> 5.20%, 4/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class DR, <br> ABS, 3 mo. USD Term <br> SOFR + 2.55%, 6.22%, <br> 1/25/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 953096 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Compass Datacenters Issuer <br> II LLC Series 2024-2A, <br> Class B2, <br> 6.00%, 8/25/2049 (a)<br>| $250000 | &nbsp;&nbsp; $245215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown City CLO I Series <br> 2020-1A, Class A1RR, ABS, <br> 3 mo. USD Term SOFR + <br> 1.37%,<br> 5.04%, 7/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000548 |
| &nbsp;&nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer <br> I LLC:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A2, <br> 4.30%, 4/20/2048 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 981018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class A2, <br> 4.50%, 5/20/2049 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2188243 |
| &nbsp;&nbsp;&nbsp;&nbsp; DataBank Issuer II LLC Series <br> 2025-1A, Class A2, ABS, <br> 5.18%, 9/27/2055 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3403692 |
| &nbsp;&nbsp;&nbsp;&nbsp; DataBank Issuer LLC Series <br> 2023-1A, Class A2, <br> 5.12%, 2/25/2053 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3967719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dryden 37 Senior Loan Fund <br> Series 2015-37A, Class BR, <br> 3 mo. USD Term SOFR + <br> 1.66%,<br> 5.33%, 1/15/2031 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1626877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1620044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dryden 68 CLO Ltd. Series <br> 2019-68A, Class DR, ABS, 3 <br> mo. USD Term SOFR + <br> 3.61%,<br> 7.28%, 7/15/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1437795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eldridge CLO Ltd. Series <br> 2025-1A, Class A1, 3 mo. <br> USD Term SOFR + 1.33%,<br> 5.25%, 10/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elmwood CLO XII Ltd. Series <br> 2021-5A, Class D1R, ABS, 3 <br> mo. USD Term SOFR + <br> 3.10%,<br> 6.77%, 10/15/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 978067 |
| Empower CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1A, Class D1R, <br> ABS, 3 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 10/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2A, Class AR, <br> ABS, 3 mo. USD Term <br> SOFR + 1.32%, 4.99%, <br> 10/15/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exeter Automobile Receivables <br> Trust Series 2025-1A, <br> Class A3, ABS, <br> 4.67%, 8/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833986 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Franklin Mortgage Loan <br> Trust Series 2007-FF2, <br> Class A1, ABS, 1 mo. USD <br> Term SOFR + 0.39%,<br> 4.07%, 3/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7879002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4044729 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| FMC GMSR Issuer Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-GT1, Class A, <br> CMO, VRN, 4.45%, <br> 1/25/2028 (a)(c)<br>| $3000000 | &nbsp;&nbsp; $2964314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-GT2, Class A, <br> 3.85%, 10/25/2026 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2548497 |
| &nbsp;&nbsp;&nbsp;&nbsp; GAIA Aviation Ltd. Series <br> 2019-1, Class A, <br> 3.97%, 12/15/2044 (a)(f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 768438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gilead Aviation LLC Series <br> 2025-1A, Class A, ABS, <br> 5.79%, 3/15/2050 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2004309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2018730 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLS Auto Select Receivables <br> Trust Series 2024-4A, <br> Class C, ABS, <br> 4.75%, 11/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3705354 |
| &nbsp;&nbsp;&nbsp;&nbsp; GoldenTree Loan Management <br> U.S. CLO 17 Ltd. Series <br> 2023-17A, Class AR, ABS, 3 <br> mo. USD Term SOFR + <br> 1.28%,<br> 4.95%, 1/20/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; GoldenTree Loan Management <br> U.S. CLO 27 Ltd. Series <br> 2025-27A, Class D, ABS, 3 <br> mo. USD Term SOFR + <br> 2.60%,<br> 6.32%, 1/20/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 987201 |
| &nbsp;&nbsp;&nbsp;&nbsp; GoodLeap Sustainable Home <br> Solutions Trust Series <br> 2021-5CS, Class C, <br> 3.50%, 10/20/2048 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3166985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1211292 |
| &nbsp;&nbsp;&nbsp;&nbsp; GreenSky Home Improvement <br> Issuer Trust Series 2025-3A, <br> Class E, ABS, <br> 7.83%, 12/27/2060 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3107000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3158910 |
| GSAA Home Equity Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-10, Class A2A, <br> 6.50%, 11/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2065805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-4, Class A3A, <br> ABS, 1 mo. USD Term <br> SOFR + 0.71%, 4.39%, <br> 3/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5164474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1950704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hardee's Funding LLC Series <br> 2018-1A, Class A23, ABS, <br> 5.71%, 6/20/2048 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1572500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1553398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations Trust <br> Series 2025-3EXT, Class B, <br> ABS, <br> 4.90%, 10/25/2044 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3104084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3086183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Horizon Aircraft Finance IV Ltd. <br> Series 2024-1, Class A, <br> ABS, <br> 5.38%, 9/15/2049 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2312500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2291002 |
| &nbsp;&nbsp;&nbsp;&nbsp; ICG U.S. CLO I Ltd. Series <br> 2023-1A, Class AR, ABS, 3 <br> mo. USD Term SOFR + <br> 1.38%,<br> 5.05%, 7/18/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001078 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; JOL Air Ltd. Series 2019-1, <br> Class A, <br> 3.97%, 4/15/2044 (a)<br>| $476179 | &nbsp;&nbsp; $475512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Katayma CLO II Ltd. Series <br> 2024-2A, Class D, ABS, 3 <br> mo. USD Term SOFR + <br> 4.50%,<br> 8.17%, 4/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kennedy Lewis CLO 12 Ltd. <br> Series 2023-12A, Class AR, <br> ABS, 3 mo. USD Term <br> SOFR + 1.33%,<br> 5.00%, 7/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1501319 |
| &nbsp;&nbsp;&nbsp;&nbsp; LCM XVIII LP Series 18A, <br> Class CR, 3 mo. USD Term <br> SOFR + 2.11%,<br> 5.78%, 4/20/2031 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1430839 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lewey Park CLO Ltd. Series <br> 2024-1A, Class D1, 3 mo. <br> USD Term SOFR + 2.95%,<br> 6.62%, 10/21/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 978329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lodi Park CLO Ltd. Series <br> 2024-1A, Class D1, 3 mo. <br> USD Term SOFR + 3.00%,<br> 6.67%, 7/21/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lunar Structured Aircraft <br> Portfolio Notes Series <br> 2021-1, Class B, ABS, <br> 3.43%, 10/15/2046 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding LXIII <br> Ltd. Series 2023-63A, <br> Class A1R, ABS, 3 mo. USD <br> Term SOFR + 1.40%,<br> 5.07%, 7/21/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3003000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnetite XLII Ltd. Series <br> 2024-42A, Class D1, ABS, 3 <br> mo. USD Term SOFR + <br> 2.80%,<br> 6.47%, 1/25/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnetite XXIII Ltd. Series <br> 2019-23A, Class AR2, ABS, <br> 3 mo. USD Term SOFR + <br> 0.99%,<br> 4.64%, 1/25/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnetite XXXIII Ltd. Series <br> 2022-33A, Class DR, ABS, 3 <br> mo. USD Term SOFR + <br> 3.00%,<br> 6.67%, 10/20/2037 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnetite XXXV Ltd. Series <br> 2022-35A, Class A1RR, <br> ABS, 3 mo. USD Term <br> SOFR + 1.20%,<br> 4.92%, 1/25/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4991500 |
| &nbsp;&nbsp;&nbsp;&nbsp; MAPS Trust Series 2026-1A, <br> Class A, ABS, <br> 5.20%, 1/15/2051 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2963634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2894887 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Mariner Finance Issuance <br> Trust Series 2024-BA, <br> Class A, ABS, <br> 4.91%, 11/20/2038 (a)<br>| $2250000 | &nbsp;&nbsp; $2258313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merrill Lynch Mortgage <br> Investors Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-HE4, <br> Class A2B, 1 mo. USD <br> Term SOFR + 0.31%, <br> 3.99%, 7/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3550252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-HE4, <br> Class A2C, 1 mo. USD <br> Term SOFR + 0.41%, <br> 4.09%, 7/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4913747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 811084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-WMC2, <br> Class A1, 1 mo. USD <br> Term SOFR + 0.59%, <br> 4.27%, 3/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 30712677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7377173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Milford Park CLO Ltd. Series <br> 2022-1A, Class AR, ABS, 3 <br> mo. USD Term SOFR + <br> 1.16%,<br> 4.83%, 1/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1493990 |
| MVW LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1WA, Class C, <br> ABS, 1.94%, 1/22/2041 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1WA, Class D, <br> ABS, 3.17%, 1/22/2041 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364017 |
| OCP CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-21A, <br> Class D1R, ABS, 3 mo. <br> USD Term SOFR + <br> 2.65%, 6.32%, 1/20/2038 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 994012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-31A, Class AR, <br> ABS, 3 mo. USD Term <br> SOFR + 1.15%, 4.82%, <br> 4/20/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 996000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Octagon Investment Partners <br> 27 Ltd. Series 2016-1A, <br> Class DR, ABS, 3 mo. USD <br> Term SOFR + 3.21%,<br> 6.88%, 7/15/2030 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Octagon Investment Partners <br> 40 Ltd. Series 2019-1A, <br> Class DR, ABS, 3 mo. USD <br> Term SOFR + 3.61%,<br> 7.28%, 1/20/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Octagon Investment Partners <br> 51 Ltd. Series 2021-1A, <br> Class AR, ABS, 3 mo. USD <br> Term SOFR + 0.99%,<br> 4.66%, 7/20/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1996000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; OHA Credit Funding 2 Ltd. <br> Series 2019-2A, <br> Class D1R2, ABS, 3 mo. <br> USD Term SOFR + 2.70%,<br> 6.37%, 1/21/2038 (a)(c)<br>| $1500000 | &nbsp;&nbsp; $1489067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pagaya AI Debt Grantor Trust <br> Series 2025-1, Class B, <br> ABS, <br> 5.63%, 7/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2779563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2785599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palmer Square CLO Ltd. <br> Series 2021-3A, Class A1R, <br> ABS, 3 mo. USD Term <br> SOFR + 1.29%,<br> 4.96%, 10/15/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2001218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peace Park CLO Ltd. Series <br> 2021-1A, Class AR, ABS, 3 <br> mo. USD Term SOFR + <br> 1.25%,<br> 4.92%, 10/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1997000 |
| &nbsp;&nbsp;&nbsp;&nbsp; PPM CLO Ltd. Series 2018-1A, <br> Class D, 3 mo. USD Term <br> SOFR + 3.51%,<br> 7.18%, 7/15/2031 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pretium Mortgage Credit <br> Partners LLC Series <br> 2025-NPL7, Class A1, ABS, <br> 5.66%, 7/25/2055 (a)(f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3153325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3159308 |
| Progress Residential Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-SFR6, Class A, <br> 1.52%, 7/17/2038 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7919592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7854847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-SFR5, Class A, <br> 4.45%, 6/17/2039 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2547761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2537217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-SFR2, Class A, <br> 4.50%, 10/17/2040 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9390600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9305486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-SFR3, Class B, <br> 3.50%, 6/17/2041 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23841773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-SFR5, Class C, <br> 3.25%, 8/9/2029 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2632728 |
| &nbsp;&nbsp;&nbsp;&nbsp; RCKT Trust Series 2025-1A, <br> Class A, ABS, <br> 4.90%, 7/25/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2891879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2898342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Renaissance Home Equity <br> Loan Trust Series 2006-2, <br> Class AF4, ABS, <br> 6.12%, 8/25/2036 (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8664451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3019433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retained Vantage Data <br> Centers Issuer LLC Series <br> 2023-1A, Class B, <br> 5.75%, 9/15/2048 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2469460 |
| &nbsp;&nbsp;&nbsp;&nbsp; RR 8 Ltd. Series 2020-8A, <br> Class A1A2, ABS, 3 mo. <br> USD Term SOFR + 1.23%,<br> 4.90%, 1/15/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1997204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sabey Data Center Issuer LLC <br> Series 2022-1, Class A2, <br> ABS, <br> 5.00%, 6/20/2047 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1996987 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Securitized Asset-Backed <br> Receivables LLC Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-BR4, <br> Class A2A, ABS, 1 mo. <br> USD Term SOFR + <br> 0.29%, 3.97%, 5/25/2037 <br> (c)<br>| $3049488 | &nbsp;&nbsp; $1817317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-BR4, <br> Class A2B, ABS, 1 mo. <br> USD Term SOFR + <br> 0.51%, 4.19%, 5/25/2037 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21190411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12643681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-BR5, <br> Class A2B, 1 mo. USD <br> Term SOFR + 0.47%, <br> 4.15%, 5/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27154482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21028204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shackleton CLO Ltd. Series <br> 2013-3A, Class DR, 3 mo. <br> USD Term SOFR + 3.28%,<br> 6.95%, 7/15/2030 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1080000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1080023 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shenton Aircraft Investment I <br> Ltd. Series 2015-1A, <br> Class A, ABS, <br> 4.75%, 10/15/2042 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1220337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1220337 |
| &nbsp;&nbsp;&nbsp;&nbsp; SoFi Consumer Loan Program <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2, Class B, <br> ABS, 4.97%, 6/25/2034 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5527191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class B, <br> ABS, 4.67%, 8/15/2034 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3124740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class D, <br> ABS, 5.27%, 8/25/2035 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3685479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO XVIII Ltd. <br> Series 2017-4A, Class C, 3 <br> mo. USD Term SOFR + <br> 2.76%,<br> 6.43%, 1/21/2031 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1475625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO XX Ltd. <br> Series 2018-2A, Class C, 3 <br> mo. USD Term SOFR + <br> 2.21%,<br> 5.88%, 7/26/2031 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO XXIII Series <br> 2019-2A, Class AR, ABS, 3 <br> mo. USD Term SOFR + <br> 1.43%,<br> 5.10%, 7/15/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 849044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO XXIII Ltd. <br> Series 2019-2A, Class ER, 3 <br> mo. USD Term SOFR + <br> 6.73%,<br> 10.40%, 7/15/2034 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 710279 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO XXVI Ltd. <br> Series 2020-1A, Class DR, 3 <br> mo. USD Term SOFR + <br> 3.61%,<br> 7.28%, 7/20/2034 (a)(c)<br>| $500000 | &nbsp;&nbsp; $475967 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO XXVIII Ltd. <br> Series 2020-3A, Class D, <br> ABS, 3 mo. USD Term <br> SOFR + 3.91%,<br> 7.58%, 1/25/2032 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3913412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO XXXIII Ltd. <br> Series 2022-1A, Class D, <br> ABS, 3 mo. USD Term <br> SOFR + 3.30%,<br> 6.97%, 4/25/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Start II Ltd. Series 2019-1, <br> Class A, <br> 4.09%, 3/15/2044 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250134 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stellantis Financial <br> Underwritten Enhanced <br> Lease Trust Series 2025-CA, <br> Class C, ABS, <br> 4.44%, 8/20/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3574759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Structured Asset Securities <br> Corp. Mortgage Loan Trust <br> Series 2006-BC4, Class A4, <br> 1 mo. USD Term SOFR + <br> 0.45%,<br> 4.13%, 12/25/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283688 |
| &nbsp;&nbsp;&nbsp;&nbsp; Subway Funding LLC Series <br> 2024-1A, Class A23, <br> 6.51%, 7/30/2054 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1481250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1489687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrun Demeter Issuer LLC <br> Series 2021-2A, Class A, <br> 2.27%, 1/30/2057 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2234199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2018304 |
| Switch ABS Issuer LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class B, <br> 6.20%, 6/25/2054 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2956009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1A, Class A21, <br> ABS, 5.61%, 3/27/2056 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 801453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textainer Marine Containers VII <br> Ltd. Series 2024-1A, <br> Class A, <br> 5.25%, 8/20/2049 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1804075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1765514 |
| TIF Funding II LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, <br> ABS, 1.65%, 2/20/2046 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2904167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2653891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class B, <br> ABS, 2.54%, 2/20/2046 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1161667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1060348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trestles CLO VIII Ltd. Series <br> 2025-8A, Class A1, ABS, 3 <br> mo. USD Term SOFR + <br> 1.33%,<br> 5.00%, 6/11/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000436 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Tricon Residential Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-SFR1, Class A, <br> 5.10%, 7/17/2040 (a)<br>| $9958612 | &nbsp;&nbsp; $9919473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-SFR3, Class C, <br> 5.25%, 8/17/2041 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5818134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-SFR2, Class A, <br> ABS, 5.20%, 8/17/2044 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10376709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10361167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trimaran CAVU Ltd. Series <br> 2021-3A, Class D, ABS, 3 <br> mo. USD Term SOFR + <br> 4.04%,<br> 7.71%, 1/18/2035 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747745 |
| Upstart Securitization Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2, Class B, <br> ABS, 5.62%, 6/20/2035 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3509864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class A2, <br> ABS, 4.56%, 11/20/2035 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3550911 |
| Voya CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-1A, Class BR, 3 <br> mo. USD Term SOFR + <br> 2.16%, 5.83%, <br> 10/15/2030 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A1R, <br> ABS, 3 mo. USD Term <br> SOFR + 1.21%, 4.88%, <br> 1/20/2039 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2993499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warwick Capital CLO 1 Ltd. <br> Series 2023-1A, Class AR, <br> ABS, 3 mo. USD Term <br> SOFR + 1.28%,<br> 4.95%, 10/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1996030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warwick Capital CLO 6 Ltd. <br> Series 2025-6A, Class A1, <br> ABS, 3 mo. USD Term <br> SOFR + 1.43%,<br> 5.10%, 7/20/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Washington Mutual <br> Asset-Backed Certificates <br> Trust Series 2007-HE2, <br> Class 2A2, 1 mo. USD Term <br> SOFR + 0.55%,<br> 4.23%, 2/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12403702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3703647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wellfleet CLO Ltd. Series <br> 2024-2A, Class D1, ABS, 3 <br> mo. USD Term SOFR + <br> 3.00%,<br> 6.67%, 2/25/2038 (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497714 |
| Wind River CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class D1R, <br> 3 mo. USD Term SOFR + <br> 3.95%, 7.62%, 7/20/2037 <br> (a)(c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001199 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, <br> Class D1AR, ABS, 3 mo. <br> USD Term SOFR + <br> 3.00%, 6.67%, 4/20/2038 <br> (a)(c)<br>| $1000000 | &nbsp;&nbsp; $988769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zayo Issuer LLC Series <br> 2025-1A, Class B, ABS, <br> 6.09%, 3/20/2055 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1940855 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED** <br> **SECURITIES**<br> (Cost $429,324,726)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 414735316 |
| **FOREIGN GOVERNMENT** <br> **OBLIGATIONS — 0.3%** <br>|  |  |
| **BRAZIL — 0.0%** <sup>\*</sup>  | **BRAZIL — 0.0%** <sup>\*</sup>  | **BRAZIL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil Government <br> International Bonds <br> 4.75%, 1/14/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 794192 |
| **CHILE — 0.0%** <sup>\*</sup>  | **CHILE — 0.0%** <sup>\*</sup>  | **CHILE — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile Government International <br> Bonds <br> 2.45%, 1/31/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365253 |
| **COLOMBIA — 0.0%** <sup>\*</sup>  | **COLOMBIA — 0.0%** <sup>\*</sup>  | **COLOMBIA — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Colombia Government <br> International Bonds <br> 4.13%, 5/15/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 906225 |
| **DOMINICAN REPUBLIC — 0.0%** <sup>\*</sup>  | **DOMINICAN REPUBLIC — 0.0%** <sup>\*</sup>  | **DOMINICAN REPUBLIC — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominican Republic <br> International Bonds:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 1/30/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 3/17/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 1/25/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1004973 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1480485 |
| **GUATEMALA — 0.1%**  | **GUATEMALA — 0.1%**  | **GUATEMALA — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Guatemala Government <br> Bonds:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 6/5/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 2/13/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 8/10/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1595090 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2388046 |
| **MEXICO — 0.1%**  | **MEXICO — 0.1%**  | **MEXICO — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico Government <br> International Bonds:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 4/22/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 5/4/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1859138 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2057882 |
| **MOROCCO — 0.1%**  | **MOROCCO — 0.1%**  | **MOROCCO — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Morocco Government <br> International Bonds:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1151254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 3/8/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203156 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1748954 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **PERU — 0.0%** <sup>\*</sup>  | **PERU — 0.0%** <sup>\*</sup>  | **PERU — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fondo MIVIVIENDA SA <br> 5.40%, 3/31/2031 (a)<br>| $150000 | &nbsp;&nbsp; $150007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peru Government International <br> Bonds <br> 2.84%, 6/20/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743416 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 893423 |
| **TRINIDAD AND TOBAGO — 0.0%** <sup>\*</sup>  | **TRINIDAD AND TOBAGO — 0.0%** <sup>\*</sup>  | **TRINIDAD AND TOBAGO — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trinidad & Tobago Government <br> International Bonds <br> 6.50%, 1/28/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493453 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL FOREIGN** <br> **GOVERNMENT** <br> **OBLIGATIONS**<br> (Cost $11,829,726)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11127913 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **COMMON STOCKS — 0.0%** <sup>\*</sup>  |  |  |
| **FRANCE — 0.0%** <sup>\*</sup>  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxco Co. Ltd. <br> (d) (g)<br>| 3217 | &nbsp;&nbsp; 54302 |
| **NETHERLANDS — 0.0%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stichting <br> Administratiekantoor (d) <br> (g)<br>| &nbsp;&nbsp;&nbsp; 972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (Cost $52,931)<br>|  | &nbsp;&nbsp; 54302 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>|  |
| **SENIOR FLOATING RATE** <br> **LOANS — 1.0%** <br>|  |  |
| **ADVERTISING SERVICES — 0.0%** <sup>\*</sup>  | **ADVERTISING SERVICES — 0.0%** <sup>\*</sup>  | **ADVERTISING SERVICES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Clear Channel Outdoor <br> Holdings, Inc., 2024 Term <br> Loan, 1 mo. USD Term <br> SOFR + 4.00%, 7.78%, <br> 8/23/2028 (c)<br>| $250000 | &nbsp;&nbsp; 251000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neptune Bidco U.S., Inc., 2026 <br> USD Term Loan B, 3 mo. <br> USD Term SOFR + 5.00%, <br> 8.76%, 2/3/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp; 81260 |
|  |  | &nbsp;&nbsp; 332260 |
| **AEROSPACE & DEFENSE — 0.1%**  | **AEROSPACE & DEFENSE — 0.1%**  | **AEROSPACE & DEFENSE — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Comm Corp. LLC, 2025 <br> Term Loan, 3 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 12/11/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325819 | &nbsp;&nbsp; 327041 |
| Dynasty Acquisition Co., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B1, 1 <br> mo. USD Term SOFR + <br> 2.00%, 5.67%, 10/31/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135924 | &nbsp;&nbsp; 136153 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B2, 1 <br> mo. USD Term SOFR + <br> 2.00%, 5.67%, 10/31/2031 <br> (c)<br>| $51701 | &nbsp;&nbsp; $51788 |
| Kaman Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term <br> Loan, 3 mo. USD Term <br> SOFR + 2.50%, 6.20%, <br> 2/26/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 3 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 2/26/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381498 |
| TransDigm, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan L, 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 1/19/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan M, 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 8/19/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan N, 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 2/13/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55089 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1449097 |
| **AGRICULTURAL OPERATIONS — 0.0%** <sup>\*</sup>  | **AGRICULTURAL OPERATIONS — 0.0%** <sup>\*</sup>  | **AGRICULTURAL OPERATIONS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Golden State Food LLC, 2026 <br> Term Loan B, 3 mo. USD <br> Term SOFR + 3.50%, <br> 7.20%, 12/4/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198313 |
| **APPAREL — 0.0%** <sup>\*</sup>  | **APPAREL — 0.0%** <sup>\*</sup>  | **APPAREL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; ABG Intermediate Holdings 2 <br> LLC, 2024 1st Lien Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.25%, 5.92%, <br> 12/21/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29523 |
| **AUTO PARTS & EQUIPMENT — 0.0%** <sup>\*</sup>  | **AUTO PARTS & EQUIPMENT — 0.0%** <sup>\*</sup>  | **AUTO PARTS & EQUIPMENT — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & <br> Manufacturing, Inc., 2025 <br> Incremental Term Loan C, 3 <br> mo. USD Term SOFR + <br> 3.25%, 7.01%, 2/3/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clarios Global LP, 2024 USD <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 5/6/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403106 |
| &nbsp;&nbsp;&nbsp;&nbsp; DexKo Global, Inc., 2021 USD <br> Term Loan B, 3 mo. USD <br> Term SOFR + 3.75%, <br> 7.68%, 10/4/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78720 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595392 |
| **BEVERAGES — 0.0%** <sup>\*</sup>  | **BEVERAGES — 0.0%** <sup>\*</sup>  | **BEVERAGES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Primo Brands Corp., 2026 <br> Term Loan B (h)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135379 |
| **BIOTECHNOLOGY — 0.0%** <sup>\*</sup>  | **BIOTECHNOLOGY — 0.0%** <sup>\*</sup>  | **BIOTECHNOLOGY — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, Inc., <br> Term Loan B (h)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144819 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Genmab AS, Term Loan B, 3 <br> mo. USD Term SOFR + <br> 3.00%, 6.70%, 12/13/2032 <br> (c)<br>| $102375 | &nbsp;&nbsp; $102879 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247698 |
| **BUILDING MATERIALS — 0.0%** <sup>\*</sup>  | **BUILDING MATERIALS — 0.0%** <sup>\*</sup>  | **BUILDING MATERIALS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chamberlain Group, Inc., 2025 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 9/8/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cornerstone Building Brands, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, 3 mo. USD <br> Term SOFR + 3.25%, <br> 7.02%, 4/12/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 3 mo. USD <br> Term SOFR + 4.50%, <br> 8.17%, 5/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14391 |
| &nbsp;&nbsp;&nbsp;&nbsp; EMRLD Borrower LP, 2024 <br> Term Loan B, 3 mo. USD <br> Term SOFR + 2.25%, <br> 5.95%, 8/4/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216600 |
| &nbsp;&nbsp;&nbsp;&nbsp; MI Windows & Doors LLC, <br> 2024 Term Loan B2, 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 3/28/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159979 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc., 2024 <br> Term Loan B2, 1 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 3/19/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141061 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950931 |
| **CHEMICALS — 0.0%** <sup>\*</sup>  | **CHEMICALS — 0.0%** <sup>\*</sup>  | **CHEMICALS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; ECO Services Operations <br> Corp., 2024 Term Loan B, 3 <br> mo. USD Term SOFR + <br> 2.00%, 5.67%, 6/12/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hexion Holdings Corp., 2024 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 4.00%, <br> 7.68%, 3/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84924 |
| &nbsp;&nbsp;&nbsp;&nbsp; INEOS Quattro Holdings U.K. <br> Ltd., 2024 USD Term Loan <br> B, 1 mo. USD Term SOFR + <br> 4.25%, 7.92%, 10/7/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52648 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ineos U.S. Finance LLC, 2023 <br> USD Term Loan B, 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 2/18/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc., 2026 Term <br> Loan B (h)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Natgasoline LLC, 2025 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 5.50%, 9.17%, <br> 3/29/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103929 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc., Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.00%, 5.67%, <br> 11/1/2032 (c)<br>| $199500 | &nbsp;&nbsp; $199500 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740832 |
| **COMMERCIAL SERVICES — 0.1%**  | **COMMERCIAL SERVICES — 0.1%**  | **COMMERCIAL SERVICES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, <br> 2025 USD Term Loan B, 1 <br> mo. USD Term SOFR + <br> 3.25%, 6.92%, 8/20/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229136 |
| &nbsp;&nbsp;&nbsp;&nbsp; APi Group DE, Inc., 2025 Term <br> Loan, 1 mo. USD Term <br> SOFR + 1.75%, 5.42%, <br> 1/3/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Camelot U.S. Acquisition LLC, <br> 2024 Term Loan B, 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 1/31/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136916 |
| &nbsp;&nbsp;&nbsp;&nbsp; CompoSecure Holdings LLC, <br> Term Loan, 1 mo. USD Term <br> SOFR + 2.25%, 5.93%, <br> 1/14/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Creative Artists Agency LLC, <br> 2025 Repriced Term Loan B, <br> 1 mo. USD Term SOFR + <br> 2.50%, 6.17%, 10/1/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eagle Parent Corp., 2022 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 4.25%, 7.95%, <br> 4/2/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Element Materials Technology <br> Group U.S. Holdings, Inc., <br> 2022 USD Term Loan, 3 mo. <br> USD Term SOFR + 3.50%, <br> 7.20%, 7/6/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229930 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Advantage Holdings LLC, <br> 2025 Repriced Term Loan B, <br> 3 mo. USD Term SOFR + <br> 2.75%, 6.45%, 10/31/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Garda World Security Corp., <br> 2026 Term Loan B, 3 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 2/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230977 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grant Thornton Advisors LLC, <br> 2025 Term Loan B, 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 6/2/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421882 |
| &nbsp;&nbsp;&nbsp;&nbsp; Homeserve USA Holding <br> Corp., 2024 Term Loan B, 1 <br> mo. USD Term SOFR + <br> 2.00%, 5.68%, 10/21/2030 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107126 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; ION Platform Finance U.S., <br> Inc., USD Term Loan, 3 mo. <br> USD Term SOFR + 3.75%, <br> 7.45%, 10/7/2032 (c)<br>| $245000 | &nbsp;&nbsp; $198245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pye-Barker Fire & Safety LLC, <br> 2025 Term Loan, 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 12/16/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trans Union LLC, 2024 Term <br> Loan B8, 3 mo. USD Term <br> SOFR + 1.75%, 5.45%, <br> 6/24/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107699 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Talent Agency LLC, <br> 2025 Repriced Term Loan B, <br> 1 mo. USD Term SOFR + <br> 3.00%, 6.68%, 6/10/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veritiv Corp., Term Loan B, 3 <br> mo. USD Term SOFR + <br> 4.00%, 7.70%, 12/2/2030 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vestis Corp., 2024 Term Loan, <br> 3 mo. USD Term SOFR + <br> 2.25%, 5.92%, 2/22/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137745 |
| &nbsp;&nbsp;&nbsp;&nbsp; VT Topco, Inc., 2024 1st Lien <br> Term Loan B, 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 8/9/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80602 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc., 2025 <br> Repriced Term Loan B, 1 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 1/30/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227129 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3115145 |
| **COMPUTERS — 0.0%** <sup>\*</sup>  | **COMPUTERS — 0.0%** <sup>\*</sup>  | **COMPUTERS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; McAfee LLC, 2024 USD 1st <br> Lien Term Loan B, 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 3/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83115 |
| **CONSTRUCTION & ENGINEERING — 0.1%**  | **CONSTRUCTION & ENGINEERING — 0.1%**  | **CONSTRUCTION & ENGINEERING — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackfin Pipeline LLC, Term <br> Loan B, 1 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 9/29/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130546 |
| Brown Group Holding LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan <br> B2, 3 mo. USD Term SOFR <br> + 2.50%, 6.17%, 7/1/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89762 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 1 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 7/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Partners, Inc., <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 11/3/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227374 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; DG Investment Intermediate <br> Holdings 2, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Term Loan, 1 <br> mo. USD Term SOFR + <br> 5.50%, 9.17%, 7/29/2033 <br> (c)<br>| $30000 | &nbsp;&nbsp; $29400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, 1 mo. USD <br> Term SOFR + 3.25%, <br> 6.92%, 7/9/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dycom Investments, Inc., 2026 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 1.75%, <br> 5.42%, 1/27/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Green Infrastructure Partners, <br> Inc., USD Term Loan B, 3 <br> mo. USD Term SOFR + <br> 2.75%, 6.45%, 9/24/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tecta America Corp., 2025 <br> Repriced Term Loan B, 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 2/18/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242573 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1658867 |
| **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  | **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  | **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; OEP Glass Purchaser LLC, <br> 2026 Term Loan B, 3 mo. <br> USD Term SOFR + 4.00%, <br> 7.70%, 3/7/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93664 |
| Quikrete Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 1 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 2/10/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 4/14/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39193 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355343 |
| **CONTAINERS & PACKAGING — 0.0%** <sup>\*</sup>  | **CONTAINERS & PACKAGING — 0.0%** <sup>\*</sup>  | **CONTAINERS & PACKAGING — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; BradyPlus Holdings LLC, 2025 <br> Term Loan B, 3 mo. USD <br> Term SOFR + 3.50%, <br> 7.20%, 12/29/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition <br> Holdings, Inc.:<br>|  |  |
| 2025 Term Loan B (h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42042 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, 1 mo. USD Term <br> SOFR + 3.18%, 6.84%, <br> 4/13/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graham Packaging Co., Inc., <br> 2026 Term Loan B, 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 1/26/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pregis TopCo Corp., 2025 <br> Refinancing Term Loan, 1 <br> mo. USD Term SOFR + <br> 4.00%, 7.67%, 2/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113353 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Trident TPI Holdings, Inc., <br> 2024 Term Loan B7, 3 mo. <br> USD Term SOFR + 3.75%, <br> 7.45%, 9/15/2028 (c)<br>| $128794 | &nbsp;&nbsp; $122294 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630248 |
| **DISTRIBUTION/WHOLESALE — 0.0%** <sup>\*</sup>  | **DISTRIBUTION/WHOLESALE — 0.0%** <sup>\*</sup>  | **DISTRIBUTION/WHOLESALE — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; BCPE Empire Holdings, Inc., <br> 2025 Term Loan B, 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 12/11/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 382965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Openlane, Inc., Term Loan B, 3 <br> mo. USD Term SOFR + <br> 2.50%, 6.14%, 10/8/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Resideo Funding, Inc., 2025 <br> Incremental Term Loan, 3 <br> mo. USD Term SOFR + <br> 2.00%, 5.67%, 8/13/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193782 |
| VSE Corp., Term Loan B (h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160034 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 881599 |
| **DIVERSIFIED FINANCIAL SERVICES — 0.1%**  | **DIVERSIFIED FINANCIAL SERVICES — 0.1%**  | **DIVERSIFIED FINANCIAL SERVICES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AllSpring Buyer LLC, 2024 <br> Term Loan B, 3 mo. USD <br> Term SOFR + 3.00%, <br> 6.75%, 11/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Astra Acquisition Corp., 2021 <br> 2nd Lien Term Loan , <br> 10/25/2029 (c) (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corpay Technologies Operating <br> Co. LLC, Term Loan B5, 1 <br> mo. USD Term SOFR + <br> 1.75%, 5.42%, 4/28/2028 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59281 |
| &nbsp;&nbsp;&nbsp;&nbsp; CPI Holdco B LLC, 2025 <br> Add-on Term Loan B, 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 5/19/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270934 |
| Edelman Financial Center LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, 1 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 10/6/2028 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 4/7/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eisner Advisory Group LLC, <br> 2024 Term Loan B, 1 mo. <br> USD Term SOFR + 4.00%, <br> 7.67%, 2/28/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Focus Financial Partners LLC, <br> 2025 Incremental Term Loan <br> B, 1 mo. USD Term SOFR + <br> 2.50%, 6.17%, 9/15/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 521907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506221 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; HighTower Holdings LLC, 2025 <br> 1st Lien Term Loan B, 3 mo. <br> USD Term SOFR + 2.75%, <br> 6.41%, 2/3/2032 (c)<br>| $401962 | &nbsp;&nbsp; $398447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pretzel Parent, Inc., 2024 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 4.50%, 8.17%, <br> 10/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Victory Capital Holdings, Inc., <br> 2025 Term Loan, 3 mo. USD <br> Term SOFR + 2.00%, <br> 5.70%, 9/23/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virtus Investment Partners, <br> Inc., 2025 Term Loan B, 1 <br> mo. USD Term SOFR + <br> 2.25%, 5.92%, 9/27/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68954 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2467098 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.0%** <sup>\*</sup>  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.0%** <sup>\*</sup>  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cyxtera DC Holdings, Inc., <br> Term Loan B , 1/16/2027 (c) <br> (d) (e)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; GOGO Intermediate <br> Holdings LLC, Term Loan B, <br> 1 mo. USD Term SOFR + <br> 3.75%, 7.53%, 4/30/2028 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zayo Group Holdings, Inc., <br> 2025 USD Term Loan, 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.78%, 3/11/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 640857 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749681 |
| **ELECTRIC — 0.0%** <sup>\*</sup>  | **ELECTRIC — 0.0%** <sup>\*</sup>  | **ELECTRIC — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alpha Generation LLC, Term <br> Loan B, 1 mo. USD Term <br> SOFR + 1.75%, 5.42%, <br> 9/30/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 349812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Compass Power <br> Generation LLC, 2025 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 3.25%, 6.92%, <br> 4/14/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cornerstone Generation LLC, <br> Term Loan B, 3 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 8/11/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lightning Power LLC, Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.25%, 5.92%, <br> 8/18/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197662 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1019518 |
| **ELECTRONICS — 0.0%** <sup>\*</sup>  | **ELECTRONICS — 0.0%** <sup>\*</sup>  | **ELECTRONICS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; MV Holding GmbH, 2025 USD <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.00%, <br> 5.67%, 3/17/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74718 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle Buyer LLC, Term <br> Loan, 3 mo. USD Term <br> SOFR + 2.50%, 6.16%, <br> 10/1/2032 (c)<br>| $50197 | &nbsp;&nbsp; $50315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spectris PLC, USD Term Loan, <br> 3 mo. USD Term SOFR + <br> 2.75%, 6.45%, 12/6/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70043 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195076 |
| **ENTERTAINMENT — 0.1%**  | **ENTERTAINMENT — 0.1%**  | **ENTERTAINMENT — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc., <br> 2024 Term Loan B1, 1 mo. <br> USD Term SOFR + 2.25%, <br> 5.92%, 2/6/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Finance U.S., Inc., 2025 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 4.50%, <br> 8.17%, 12/2/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delta 2 Lux SARL, 2024 Term <br> Loan B1, 3 mo. USD Term <br> SOFR + 1.75%, 5.45%, <br> 9/30/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 844472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc., <br> 2025 Term Loan B, 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.68%, 10/21/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motion Finco SARL, 2024 USD <br> Term Loan B, 3 mo. USD <br> Term SOFR + 3.50%, <br> 7.20%, 11/12/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ontario Gaming GTA LP, Term <br> Loan B, 3 mo. USD Term <br> SOFR + 4.25%, 7.95%, <br> 8/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147323 |
| &nbsp;&nbsp;&nbsp;&nbsp; OVG Business Services LLC, <br> 2024 Term Loan B, 1 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 6/25/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp., <br> 2024 Term Loan B, 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 5/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150792 |
| &nbsp;&nbsp;&nbsp;&nbsp; TKO Worldwide Holdings LLC, <br> 2025 Term Loan, 3 mo. USD <br> Term SOFR + 2.00%, <br> 5.66%, 11/21/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179361 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voyager Parent LLC, Repriced <br> Term Loan B, 3 mo. USD <br> Term SOFR + 4.25%, <br> 7.95%, 7/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227588 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3079294 |
| **ENVIRONMENTAL CONTROL — 0.0%** <sup>\*</sup>  | **ENVIRONMENTAL CONTROL — 0.0%** <sup>\*</sup>  | **ENVIRONMENTAL CONTROL — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Harsco Corp., 2021 Term Loan, <br> 1 mo. USD Term SOFR + <br> 2.25%, 6.03%, 6/9/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192964 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Madison IAQ LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, 6 <br> mo. USD Term SOFR + <br> 2.75%, 6.38%, 11/8/2032 (c)<br>| $85936 | &nbsp;&nbsp; $86222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term Loan, 6 mo. USD Term <br> SOFR + 2.50%, 6.13%, <br> 6/21/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366949 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646135 |
| **FOOD PRODUCTS — 0.0%** <sup>\*</sup>  | **FOOD PRODUCTS — 0.0%** <sup>\*</sup>  | **FOOD PRODUCTS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aspire Bakeries Holdings LLC, <br> 2025 Repriced Term Loan, 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 12/23/2030 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Froneri Lux Finco SARL, 2025 <br> USD Term Loan B6, 6 mo. <br> USD Term SOFR + 2.25%, <br> 5.88%, 9/30/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 627971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Savor Acquisition, Inc., Term <br> Loan B, 3 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 2/19/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215870 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Natural Foods, Inc., <br> 2024 Term Loan, 1 mo. USD <br> Term SOFR + 4.75%, <br> 8.42%, 5/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86352 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1042556 |
| **HEALTH CARE EQUIPMENT & SUPPLIES — 0.0%** <sup>\*</sup>  | **HEALTH CARE EQUIPMENT & SUPPLIES — 0.0%** <sup>\*</sup>  | **HEALTH CARE EQUIPMENT & SUPPLIES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bausch & Lomb Corp., 2025 <br> Repriced Term Loan, 1 mo. <br> USD Term SOFR + 3.75%, <br> 7.42%, 1/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592143 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hologic, Inc., 2026 USD Term <br> Loan B (h)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425405 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1017548 |
| **HEALTH CARE PROVIDERS & SERVICES — 0.0%** <sup>\*</sup>  | **HEALTH CARE PROVIDERS & SERVICES — 0.0%** <sup>\*</sup>  | **HEALTH CARE PROVIDERS & SERVICES — 0.0%** <sup>\*</sup>  |
| ADMI Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Incremental Term Loan <br> B3, 1 mo. USD Term SOFR <br> + 3.75%, 7.53%, 12/23/2027 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B5, 1 mo. <br> USD Term SOFR + 5.75%, <br> 9.42%, 12/23/2027 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aveanna Healthcare LLC, 2025 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 3.75%, <br> 7.42%, 9/17/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortrea Holdings, Inc., Term <br> Loan B, 3 mo. USD Term <br> SOFR + 3.50%3 mo. USD <br> Term SOFR + 3.50%, <br> 7.17%, 7/1/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13323 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 2024 1st <br> Lien Term Loan B, 3 mo. <br> USD Term SOFR + 3.75%, <br> 7.42%, 5/19/2031 (c)<br>| $214905 | &nbsp;&nbsp; $215214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pacific Dental Services LLC, <br> 2024 Term Loan B, 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.18%, 3/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radiology Partners, Inc., 2025 <br> Term Loan, 3 mo. USD Term <br> SOFR + 4.50%, 8.20%, <br> 6/30/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Select Medical Corp., 2026 <br> Term Loan B (h)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Team Health Holdings, Inc., <br> 2026 Repriced Term Loan B, <br> 3 mo. USD Term SOFR + <br> 4.00%, 7.66%, 6/30/2028 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143710 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1420944 |
| **HOLDING COMPANIES & DIVERSIFIED — 0.0%** <sup>\*</sup>  | **HOLDING COMPANIES & DIVERSIFIED — 0.0%** <sup>\*</sup>  | **HOLDING COMPANIES & DIVERSIFIED — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; GC Ferry Acquisition I, Inc., <br> Term Loan, 3 mo. USD Term <br> SOFR + 3.50%, 7.20%, <br> 8/16/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67310 |
| **HOME FURNISHINGS — 0.0%** <sup>\*</sup>  | **HOME FURNISHINGS — 0.0%** <sup>\*</sup>  | **HOME FURNISHINGS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; AI Aqua Merger Sub, Inc., 2026 <br> Term Loan B, 3 mo. USD <br> Term SOFR + 2.50%, <br> 6.16%, 7/31/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 659589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 658866 |
| **HOUSEHOLD PRODUCTS — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Lavender Dutch BorrowerCo <br> BV, USD Term Loan, 3 mo. <br> USD Term SOFR + 3.25%, <br> 6.95%, 12/30/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98503 |
| **INDEPENDENT POWER PRODUCERS & ENERGY TRADERS** <br> **— 0.0%** <sup>\*</sup>  | **INDEPENDENT POWER PRODUCERS & ENERGY TRADERS** <br> **— 0.0%** <sup>\*</sup>  | **INDEPENDENT POWER PRODUCERS & ENERGY TRADERS** <br> **— 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Talen Energy Supply LLC, <br> 2025 Term Loan B, 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 11/25/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144922 |
| **INSURANCE — 0.1%**  | **INSURANCE — 0.1%**  | **INSURANCE — 0.1%**  |
| Acrisure LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B6, 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 11/6/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 671272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 1 mo. USD <br> Term SOFR + 3.25%, <br> 6.92%, 6/21/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91518 |
| Alera Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 2nd Lien Term Loan, 1 <br> mo. USD Term SOFR + <br> 5.50%, 9.18%, 5/30/2033 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53281 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 5/30/2032 (c)<br>| $139301 | &nbsp;&nbsp; $135398 |
| &nbsp;&nbsp;&nbsp;&nbsp; AmWINS Group, Inc., 2026 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.00%, <br> 5.67%, 1/30/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ardonagh Midco 3 PLC, 2024 <br> USD Term Loan B, 6 mo. <br> USD Term SOFR + 2.75%, <br> 6.37%, 2/15/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192086 |
| Asurion LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan <br> B4, 1 mo. USD Term SOFR <br> + 5.25%, 9.03%, 1/20/2029 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B13, 1 mo. <br> USD Term SOFR + 4.25%, <br> 7.92%, 9/19/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157470 |
| &nbsp;&nbsp;&nbsp;&nbsp; OneDigital Borrower LLC, 2025 <br> Repriced Term Loan (h)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sedgwick Claims Management <br> Services, Inc., 2023 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 7/31/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285714 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trucordia Insurance <br> Holdings LLC, Term Loan B, <br> 1 mo. USD Term SOFR + <br> 3.25%, 6.92%, 6/17/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82638 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2156113 |
| **INTERNET & TELECOM — 0.0%** <sup>\*</sup>  | **INTERNET & TELECOM — 0.0%** <sup>\*</sup>  | **INTERNET & TELECOM — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; CNT Holdings I Corp., 2025 <br> Term Loan, 3 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 11/8/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129993 |
| &nbsp;&nbsp;&nbsp;&nbsp; MH Sub I LLC, 2024 Term <br> Loan B4, 1 mo. USD Term <br> SOFR + 4.25%, 7.92%, <br> 12/31/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174506 |
| &nbsp;&nbsp;&nbsp;&nbsp; PUG LLC, 2024 Extended <br> Term Loan B, 1 mo. USD <br> Term SOFR + 4.75%, <br> 8.42%, 3/15/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75723 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380222 |
| **LEISURE TIME — 0.0%** <sup>\*</sup>  | **LEISURE TIME — 0.0%** <sup>\*</sup>  | **LEISURE TIME — 0.0%** <sup>\*</sup>  |
| Alterra Mountain Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B8, 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 5/31/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B9, 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 8/17/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144772 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; GBT U.S. III LLC, 2026 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 2.00%, 5.67%, <br> 7/25/2031 (c)<br>| $212911 | &nbsp;&nbsp; $208972 |
| &nbsp;&nbsp;&nbsp;&nbsp; LC AHAB U.S. Bidco LLC, <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.17%, 5/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Life Time Fitness, Inc., 2025 <br> Term Loan, 1 mo. USD Term <br> SOFR + 2.00%, 5.67%, <br> 11/5/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158602 |
| Sabre GLBL, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, 1 mo. <br> USD Term SOFR + 6.00%, <br> 9.77%, 11/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, 1 mo. <br> USD Term SOFR + 6.00%, <br> 9.77%, 11/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36347 |
| &nbsp;&nbsp;&nbsp;&nbsp; SGH2 LLC, 2025 USD Term <br> Loan B, 3 mo. USD Term <br> SOFR + 4.50%, 8.20%, <br> 8/18/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112709 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1056858 |
| **LODGING — 0.0%** <sup>\*</sup>  | **LODGING — 0.0%** <sup>\*</sup>  | **LODGING — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC, <br> 2022 Term Loan B, 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 1/27/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422156 |
| **MACHINERY — 0.0%** <sup>\*</sup>  | **MACHINERY — 0.0%** <sup>\*</sup>  | **MACHINERY — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allison Transmission, Inc., <br> 2025 Incremental Term Loan <br> B, 1 mo. USD Term SOFR + <br> 1.75%, 5.42%, 1/2/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbus McKinnon Corp., <br> 2026 Term Loan B, 3 mo. <br> USD Term SOFR + 3.50%, <br> 7.20%, 2/3/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Safety & Flow LLC, <br> 2025 1st Lien Term Loan B, <br> 1 mo. USD Term SOFR + <br> 2.50%, 6.18%, 9/26/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103781 |
| &nbsp;&nbsp;&nbsp;&nbsp; TK Elevator Midco GmbH, <br> 2025 USD Term Loan B, 6 <br> mo. USD Term SOFR + <br> 2.75%, 6.38%, 4/30/2030 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250189 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 734868 |
| **MACHINERY-CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  | **MACHINERY-CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  | **MACHINERY-CONSTRUCTION & MINING — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; WEC U.S. Holdings Ltd., 2024 <br> Term Loan, 1 mo. USD Term <br> SOFR + 2.00%, 5.67%, <br> 1/27/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403820 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **MEDIA — 0.1%**  | **MEDIA — 0.1%**  | **MEDIA — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Altice France SA, 2025 USD <br> Term Loan B14, 3 mo. USD <br> Term SOFR + 6.88%, <br> 10.55%, 5/31/2031 (c)<br>| $200422 | &nbsp;&nbsp; $201216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cengage Learning, Inc., 2026 <br> Term Loan B, 3 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 3/24/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503132 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings LLC, 2019 Term <br> Loan B5, 3 mo. USD Term <br> SOFR + 1.50%, 8.25%, <br> 4/15/2027 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78608 |
| &nbsp;&nbsp;&nbsp;&nbsp; DirecTV Financing LLC, 2024 <br> Term Loan, 3 mo. USD Term <br> SOFR + 5.25%, 9.18%, <br> 8/2/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90909 |
| &nbsp;&nbsp;&nbsp;&nbsp; iHeartCommunications, Inc., <br> 2024 Term Loan, 1 mo. USD <br> Term SOFR + 5.78%, <br> 9.56%, 5/1/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65140 |
| &nbsp;&nbsp;&nbsp;&nbsp; NEP Group, Inc., 2025 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 4.50%, 8.17%, <br> 10/17/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83808 |
| Nexstar Broadcasting, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B5, 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 6/28/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152834 |
| 2026 Term Loan B7 (h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrise Financing Partnership, <br> Term Loan AAA, 6 mo. USD <br> Term SOFR + 2.47%, <br> 6.10%, 2/15/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293587 |
| &nbsp;&nbsp;&nbsp;&nbsp; Townsquare Media, Inc., 2025 <br> Term Loan, 6 mo. USD Term <br> SOFR + 5.00%, 8.59%, <br> 2/19/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Univision Communications, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 First Lien Term Loan B, 3 <br> mo. USD Term SOFR + <br> 4.25%, 7.95%, 6/24/2029 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 1 mo. USD <br> Term SOFR + 3.50%, <br> 7.28%, 1/31/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44409 |
| Virgin Media Bristol LLC: |  |  |
| 2020 USD Term Loan Q (h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 USD Term Loan Y, 6 mo. <br> USD Term SOFR + 3.18%, <br> 7.05%, 3/31/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148515 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2438962 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **METAL FABRICATE & HARDWARE — 0.0%** <sup>\*</sup>  | **METAL FABRICATE & HARDWARE — 0.0%** <sup>\*</sup>  | **METAL FABRICATE & HARDWARE — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Tiger Acquisition LLC, 2025 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.50%, <br> 6.18%, 8/23/2032 (c)<br>| $229472 | &nbsp;&nbsp; $229959 |
| **OIL, GAS & CONSUMABLE FUELS — 0.0%** <sup>\*</sup>  | **OIL, GAS & CONSUMABLE FUELS — 0.0%** <sup>\*</sup>  | **OIL, GAS & CONSUMABLE FUELS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Apro LLC, 2024 Term Loan B, <br> 1 mo. USD Term SOFR + <br> 3.75%, 7.43%, 7/9/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Par Petroleum LLC, 2025 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 3.25%, 6.93%, <br> 2/28/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281205 |
| **OIL-FIELD SERVICES — 0.0%** <sup>\*</sup>  | **OIL-FIELD SERVICES — 0.0%** <sup>\*</sup>  | **OIL-FIELD SERVICES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deep Blue Operating I LLC, <br> Term Loan, 1 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 10/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60300 |
| **PHARMACEUTICALS — 0.0%** <sup>\*</sup>  | **PHARMACEUTICALS — 0.0%** <sup>\*</sup>  | **PHARMACEUTICALS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkermes, Inc., 2026 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 8/12/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc., 2025 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 6.25%, <br> 9.92%, 10/8/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Curium BidCo SARL, 2025 <br> USD Term Loan B, 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.70%, 8/4/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp., <br> Term Loan B, 3 mo. USD <br> Term SOFR + 4.00%, <br> 7.80%, 10/1/2027 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Veterinary <br> Partners LLC, 2025 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.50%, 6.18%, <br> 12/4/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 412963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vizient, Inc., 2024 Term Loan <br> B, 1 mo. USD Term SOFR + <br> 1.75%, 5.42%, 8/1/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167591 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1220599 |
| **PIPELINES — 0.1%**  | **PIPELINES — 0.1%**  | **PIPELINES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BCP Renaissance Parent LLC, <br> 2024 Term Loan B3, 3 mo. <br> USD Term SOFR + 2.25%, <br> 5.95%, 10/31/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colossus Acquireco LLC, Term <br> Loan B, 3 mo. USD Term <br> SOFR + 1.75%, 5.38%, <br> 7/30/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387231 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; CPPIB OVM Member U.S. <br> LLC, Term Loan B, 3 mo. <br> USD Term SOFR + 2.25%, <br> 5.95%, 8/20/2031 (c)<br>| $133050 | &nbsp;&nbsp; $133166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport LNG <br> Investments LLLP, 2026 <br> Term Loan B, 3 mo. USD <br> Term SOFR + 3.25%, <br> 6.89%, 2/11/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230384 |
| &nbsp;&nbsp;&nbsp;&nbsp; GIP Pilot Acquisition <br> Partners LP, 2025 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 2.00%, 5.65%, <br> 10/4/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meade Pipeline Co. LLC, Term <br> Loan B, 3 mo. USD Term <br> SOFR + 2.00%, 5.69%, <br> 9/22/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125208 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGL Energy Partners LP, 2026 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 3.50%, <br> 7.18%, 3/11/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Bayou Holdings LP, <br> Term Loan B, 3 mo. USD <br> Term SOFR + 2.75%, <br> 6.45%, 10/1/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82804 |
| &nbsp;&nbsp;&nbsp;&nbsp; WhiteWater Matterhorn <br> Holdings LLC, 2026 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 1.75%, 5.45%, <br> 6/16/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114517 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1472859 |
| **REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.0%** <sup>\*</sup>  | **REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.0%** <sup>\*</sup>  | **REAL ESTATE INVESTMENT TRUSTS (REITs) — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc., 2023 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.00%, 5.67%, <br> 1/31/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301449 |
| Starwood Property Trust, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 1 <br> mo. USD Term SOFR + <br> 2.00%, 5.67%, 1/2/2030 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 1 mo. USD <br> Term SOFR + 2.25%, <br> 5.92%, 9/24/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84822 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478770 |
| **RETAIL — 0.1%**  | **RETAIL — 0.1%**  | **RETAIL — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Boots Group Bidco Ltd., USD <br> Term Loan, 3 mo. USD Term <br> SOFR + 3.25%, 6.92%, <br> 8/30/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Burlington Coat Factory <br> Warehouse Corp., 2024 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 1.75%, <br> 5.42%, 9/24/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39598 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; EG America LLC, 2026 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 3.25%, 6.92%, <br> 2/10/2031 (c)<br>| $275000 | &nbsp;&nbsp; $275550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Great Outdoors Group LLC, <br> 2025 Term Loan B, 1 mo. <br> USD Term SOFR + 3.25%, <br> 6.92%, 1/23/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224347 |
| &nbsp;&nbsp;&nbsp;&nbsp; LBM Acquisition LLC, 2024 <br> Incremental Term Loan B, 1 <br> mo. USD Term SOFR + <br> 3.75%, 7.53%, 6/6/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70901 |
| &nbsp;&nbsp;&nbsp;&nbsp; LSF9 Atlantis Holdings LLC, <br> 2025 Term Loan B, 3 mo. <br> USD Term SOFR + 3.75%, <br> 7.45%, 3/29/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 622737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Michaels Cos., Inc., 2026 Term <br> Loan B (h)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97256 |
| &nbsp;&nbsp;&nbsp;&nbsp; PetSmart, Inc., 2025 USD Term <br> Loan B, 1 mo. USD Term <br> SOFR + 4.00%, 7.68%, <br> 8/18/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Staples, Inc., 2024 Term Loan <br> B, 3 mo. USD Term SOFR + <br> 5.75%, 9.41%, 9/4/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Whatabrands LLC, 2024 1st <br> Lien Term Loan B, 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 8/3/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395814 |
| &nbsp;&nbsp;&nbsp;&nbsp; White Cap Buyer LLC, 2024 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 3.25%, <br> 6.92%, 10/19/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127589 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2227532 |
| **SOFTWARE — 0.1%**  | **SOFTWARE — 0.1%**  | **SOFTWARE — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Systems, Inc., 2024 <br> 2nd Lien Term Loan, 3 mo. <br> USD Term SOFR + 4.50%, <br> 8.20%, 2/23/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ascend Learning LLC, 2025 <br> Repriced Term Loan B, 1 <br> mo. USD Term SOFR + <br> 3.00%, 6.67%, 12/11/2028 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Athenahealth Group, Inc., 2022 <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.75%, <br> 6.42%, 2/15/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171613 |
| Boxer Parent Co., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, 3 <br> mo. USD Term SOFR + <br> 5.75%, 9.42%, 7/30/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.67%, 7/30/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359102 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Central Parent, Inc., 2024 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 3.25%, 6.95%, <br> 7/6/2029 (c)<br>| $48976 | &nbsp;&nbsp; $35083 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group, Inc., <br> 2025 Term Loan B (2032), 3 <br> mo. USD Term SOFR + <br> 3.25%, 6.95%, 8/13/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77822 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoreLogic, Inc., Term Loan, 1 <br> mo. USD Term SOFR + <br> 3.50%, 7.28%, 6/2/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cotiviti Corp., 2025 2nd <br> Amendment Term Loan, 1 <br> mo. USD Term SOFR + <br> 2.75%, 6.42%, 3/26/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Inc., 2026 Term <br> Loan, 3 mo. USD Term <br> SOFR + 3.00%, 6.66%, <br> 2/4/2033 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 403159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Arts, Inc., USD Term <br> Loan B (h)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ellucian Holdings, Inc., 2024 <br> 2nd Lien Term Loan, 1 mo. <br> USD Term SOFR + 4.75%, <br> 8.42%, 11/22/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14409 |
| Mitchell International, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, 1 <br> mo. USD Term SOFR + <br> 5.25%, 8.92%, 6/17/2032 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36238 |
| 2026 Add-on Term Loan (h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan, 1 mo. USD <br> Term SOFR + 3.00%, <br> 6.67%, 6/17/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229331 |
| RealPage, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1st Lien Term Loan, 3 mo. USD <br> Term SOFR + 3.00%, <br> 6.96%, 4/24/2028 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Incremental Term Loan, 3 <br> mo. USD Term SOFR + <br> 3.75%, 7.45%, 4/24/2028 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96414 |
| &nbsp;&nbsp;&nbsp;&nbsp; UKG, Inc., 2024 Term Loan B, <br> 3 mo. USD Term SOFR + <br> 2.50%, 6.17%, 2/10/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zelis Payments Buyer, Inc., 5th <br> Amendment Term Loan, 1 <br> mo. USD Term SOFR + <br> 3.25%, 6.92%, 11/26/2031 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220340 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3609919 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SENIOR FLOATING** <br> **RATE LOANS**<br> (Cost $42,066,116)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41185335 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **U.S. GOVERNMENT AGENCY** <br> **OBLIGATIONS — 38.4%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 day USD SOFR Average <br> + 2.15%, 2.15%, <br> 12/1/2051 (c)<br>| $9228983 | &nbsp;&nbsp; $8425954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 day USD SOFR Average <br> + 2.13%, 2.23%, 7/1/2051 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9579405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8844980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 8/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 10825022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9225402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 2/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 13479397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11526496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 4/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 14367436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12307047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 6/1/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8319733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7683763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/1/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4587723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4231394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/1/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3959854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3572773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 1/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 4/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7715789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7044905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 8/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4166153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3784778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 7/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1501168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1354427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 12540821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11215615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 3/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4747338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4186711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 8/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 23839831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21264384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 586605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 552280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 4/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9691472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9058060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 6/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4830002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4508364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4868309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4544120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2484439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2319324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 4/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 10397789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10128558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 7/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1564224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1497974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 7/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 11432270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10830572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 16202000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15863408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 12/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 13893927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12347324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 6/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 618789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 14000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13968289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 1/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 17395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17579028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 3/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2806204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2778279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 7/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 15621097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15584438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 11017622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11252068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 5/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6703723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6818771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 7/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 45889799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46771372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 23815858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24208981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 6/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 17138007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17302276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 7/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 31788652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32556852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp. REMICS:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 3852, Class NS, <br> CMO, IO, REMIC, 5.89% - <br> 30 day USD SOFR <br> Average, 2.21%, <br> 5/15/2041 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2059649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 3889, Class VZ, <br> CMO, REMIC, 4.00%, <br> 7/15/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1660079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1613199 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 3935, Class SJ, <br> CMO, IO, REMIC, 6.54% - <br> 30 day USD SOFR <br> Average, 2.86%, <br> 5/15/2041 (c)<br>| $62946 | &nbsp;&nbsp; $291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4319, Class ZA, <br> 3.00%, 3/15/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2764358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2545176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4432, Class JZ, <br> 3.00%, 1/15/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4331804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3929931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4471, Class BA, <br> CMO, REMIC, 3.00%, <br> 12/15/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4504, Class CA, <br> CMO, REMIC, 3.00%, <br> 4/15/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1818300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1771744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4543, Class HG, <br> CMO, REMIC, 2.70%, <br> 4/15/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3191999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3084188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4792, Class A, CMO, <br> REMIC, 3.00%, <br> 5/15/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2168122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1950256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4795, Class ZM, <br> 3.50%, 6/15/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10924266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10144845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4998, Class KF, 30 <br> day USD SOFR Average <br> + 0.35%, 4.01%, <br> 8/25/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5553593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5375309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5023, Class HI, CMO, <br> IO, 3.00%, 10/25/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5613690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 968560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5104, Class GI, <br> CMO, IO, 3.50%, <br> 6/25/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22576541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4143386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5109, Class BI, CMO, <br> IO, 3.50%, 5/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14318774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2465538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5127, Class AI, CMO, <br> IO, 3.00%, 6/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19241901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3264921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5130, Class SD, <br> CMO, IO, 2.60% - 1 \* 30 <br> day USD SOFR Average, <br> Floor 0.00%, 0.00%, <br> 8/25/2051 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 62644142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5131, Class IG, IO, <br> 3.50%, 8/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8589641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1574098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5152, Class MZ, <br> CMO, 2.50%, 10/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12308354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7460151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5154, Class DI, CMO, <br> IO, 2.50%, 1/25/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15185656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2367006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5159, Class PI, CMO, <br> IO, 3.00%, 11/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20326649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3025586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5198, Class KZ, <br> CMO, 2.00%, 2/25/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19373808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11631647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5243, Class IB, IO, <br> 3.00%, 1/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14221101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2642471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5250, Class NH, <br> 3.00%, 8/25/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8809502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5460, Class AN, <br> CMO, 5.00%, 2/25/2054<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10921000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10930946 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5477, Class BI, CMO, <br> IO, 3.50%, 11/25/2050<br>| $22303299 | &nbsp;&nbsp; $4195104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5598, Class FA, <br> CMO, 30 day USD SOFR <br> Average + 1.15%, 4.81%, <br> 11/25/2055 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19098823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19221113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5639, Class CB, <br> CMO, 4.00%, 12/25/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20900426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20005727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp. Seasoned Credit Risk <br> Transfer Trust Series <br> 2020-2, Class MT, CMO, <br> 2.00%, 11/25/2059<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5145726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4076698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp. STACR REMICS <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA4, <br> Class M2, CMO, 30 day <br> USD SOFR Average + <br> 2.35%, 6.01%, <br> 12/25/2041 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5029855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA2, <br> Class M2, 30 day USD <br> SOFR Average + 3.75%, <br> 7.41%, 2/25/2042 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9695992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA3, <br> Class M1B, 30 day USD <br> SOFR Average + 2.90%, <br> 6.56%, 4/25/2042 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20347205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA2, <br> Class M2, CMO, 30 day <br> USD SOFR Average + <br> 1.80%, 5.46%, 8/25/2044 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18031287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp. STRIPS Series 326, <br> Class 300, CMO, 3.00%, <br> 3/15/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6953258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6410907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage <br> Association:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.98%, 10/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 18751375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15973008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 day USD SOFR Average <br> + 2.21%, 2.29%, 4/1/2052 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3827408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3506315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 9/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1493770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1280116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 2/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3825513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3334806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 6/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 11814587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10187204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 9/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 10897887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9284118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/1/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6112550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5261107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 3/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 21272602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18330513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 2/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7918895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6773543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 4/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 13060420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11132188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 11/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 10034000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8176603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/1/2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6523867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5886149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 3/1/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1683233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1544232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 7/1/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1706668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1554954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 1/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 4/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1041590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937264 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 7/1/2045 | $8488670 | &nbsp;&nbsp; $7787681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/1/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1796662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1621036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 2/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6574279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5931633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/1/2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3985589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3595991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/1/2049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2747158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2438578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 19952999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17756149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 5/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 14881209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13355489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 6/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 29131946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25812666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 4/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7992914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7284306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 431190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 1/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3907623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3655086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1074082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1010252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 6/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4908125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4575592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9892384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9169509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 6/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9436206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8938858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 19301377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18343110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9790665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 10400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10105655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 3/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 6/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 7/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 2/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 day USD SOFR Average <br> + 2.27%, 4.53%, 3/1/2053 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16715789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16619070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 9/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 10055000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10178440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 9/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6831632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6779860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9591276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9518591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 9/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 23361079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23154234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 21105530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20911271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 1/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 28538598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28471600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 7/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 15563585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15876405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 21920567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22416427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 9/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 29995162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30663616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 21170675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21642471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 2/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 22549235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22949541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 3/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 18321781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18753714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.76%, 4/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 15525177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15496931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 3/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 18924094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19730819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 2/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 15060857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15579276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 9/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 12139583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12497645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 6/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 11732534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10443342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage <br> Association Connecticut <br> Avenue Securities Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R02, Class <br> 2M2, CMO, 30 day USD <br> SOFR Average + 3.00%, <br> 6.66%, 1/25/2042 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11581971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11702547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R02, Class <br> 1M2, 30 day USD SOFR <br> Average + 3.35%, 7.01%, <br> 1/25/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13930068 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage <br> Association REMICS:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2010-109, Class N, <br> CMO, REMIC, 3.00%, <br> 10/25/2040<br>| $650953 | &nbsp;&nbsp; $626412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2011-51, Class CI, <br> CMO, IO, REMIC, 5.89% - <br> 30 day USD SOFR <br> Average, 2.22%, <br> 6/25/2041 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1446919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2012-127, Class PA, <br> CMO, REMIC, 2.75%, <br> 11/25/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1039193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 971755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2012-151, Class SB, <br> CMO, REMIC, 5.83% - <br> 1.5 \* 30 day USD SOFR <br> Average, Floor 0.00%, <br> 0.33%, 1/25/2043 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-110, Class CO, <br> PO, 0.00%, 12/25/2039<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2597587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2077834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-110, Class DO, <br> PO, 0.00%, 11/25/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2087569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1608237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-114, Class HZ, <br> CMO, REMIC, 3.00%, <br> 11/25/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15997777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15064556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-30, Class PS, <br> CMO, REMIC, 5.83% - <br> 1.5 \* 30 day USD SOFR <br> Average, Floor 0.00%, <br> 0.33%, 4/25/2043 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 611451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-18, Class LZ, <br> 3.00%, 4/25/2045<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5287014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4746185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-92, Class A, <br> CMO, REMIC, 3.00%, <br> 4/25/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 966690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 958408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-90, Class WF, <br> 30 day USD SOFR <br> Average + 0.46%, 4.13%, <br> 11/25/2047 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5957808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5843677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-91, Class PB, <br> 4.00%, 12/25/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6434400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6107822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class LA, <br> 4.00%, 2/25/2060<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12839665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10705903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-47, Class GL, <br> CMO, 2.00%, 5/25/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6617175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6003027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-96, Class HI, <br> CMO, IO, 3.00%, <br> 1/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9561951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1628302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3, Class MI, <br> CMO, IO, 3.50%, <br> 2/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25252036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4601249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-43, CMO, IO, <br> 2.50%, 6/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18376259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2937994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-86, Class MA, <br> 2.50%, 11/25/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10206372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9463045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-9, Class CA, <br> 2.00%, 3/25/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9220413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7723116 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-95, Class ZV, <br> CMO, 2.50%, 1/25/2052<br>| $19153523 | &nbsp;&nbsp; $12008529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-36, IO, 2.50%, <br> 10/25/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp; 31577024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5090344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-37, Class IA, <br> CMO, IO, 4.00%, <br> 10/25/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp; 36404324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7285120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-43, Class HO, <br> PO, 0.00%, 8/25/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7115635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5145345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-73, Class AL, <br> CMO, 5.00%, 1/25/2054<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18232000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18269810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-35, Class KY, <br> CMO, 3.50%, 4/25/2046<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13771021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12282655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-13, Class BA, <br> CMO, 4.00%, 12/25/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23852252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22834782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage <br> Association-ACES:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-M10, <br> Class AQ2, 3.73%, <br> 11/25/2045 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5479749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4877355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-M32, Class X2, <br> IO, VRN, 1.14%, <br> 10/25/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 60902692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1577886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-M12, IO, <br> 1.28%, 7/25/2029 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 90389454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2913126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-M13, Class X1, <br> IO, VRN, 1.13%, <br> 6/25/2031 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59264593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1720553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-M13, Class A1, <br> 2.59%, 4/25/2032 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15216786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14581655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage <br> Association:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 3/20/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6968813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5941275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 2/20/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 18662081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16512017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-143, IO, VRN, <br> 0.97%, 10/16/2063 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78987254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4964854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-31, IO, VRN, <br> 0.94%, 1/16/2061 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98340166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6003374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-40, IO, VRN, <br> 0.82%, 2/16/2063 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 67710870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3751761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-57, Class AI, <br> IO, 2.00%, 2/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7178594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 868784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-60, IO, VRN, <br> 0.83%, 5/16/2063 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 53120116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2952862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-79, IO, 0.87%, <br> 8/16/2063 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 73439240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4351454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-80, IO, VRN, <br> 0.90%, 12/16/2062 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 83863676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5216885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-85, IO, VRN, <br> 0.69%, 3/16/2063 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 94878108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4661650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-99, IO, VRN, <br> 0.58%, 5/16/2061 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 39384612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1656211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-77, IO, VRN, <br> 0.51%, 9/16/2063 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 87000561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3966294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-91, IO, 0.43%, <br> 7/16/2064 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 77643118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3356246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-95, IO, VRN, <br> 0.37%, 1/16/2063 (c)<br>| &nbsp;&nbsp;&nbsp; 106322277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3832279 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-161, IO, VRN, <br> 1.12%, 7/16/2065 (c)<br>| $50157606 | &nbsp;&nbsp; $4489200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-100, Class AI, <br> IO, 0.74%, 10/16/2065 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 60088231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3760850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-162, Class EI, <br> IO, VRN, 0.78%, <br> 2/16/2068 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 66759777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4801657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-88, IO, VRN, <br> 0.83%, 2/16/2067 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 37579715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2668348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage <br> Association REMICS:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2010-158, Class FA, <br> 1 mo. USD Term SOFR + <br> 0.56%, 4.24%, <br> 12/20/2040 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2521331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2506715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-34, Class PL, <br> CMO, REMIC, 3.00%, <br> 3/20/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-43, Class PS, <br> CMO, IO, REMIC, 6.07% - <br> 1 mo. USD Term SOFR, <br> 2.39%, 7/20/2042 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-99, Class LA, <br> 2.00%, 11/20/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7668337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6635726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-91, Class FC, 1 <br> mo. USD Term SOFR + <br> 0.41%, 4.08%, 7/20/2048 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2178426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2128802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-6, Class LA, <br> 3.50%, 12/20/2048<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4941853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4639299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-116, Class HS, <br> CMO, IO, 6.09% - 1 mo. <br> USD Term SOFR, 2.41%, <br> 8/20/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5580535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-129, Class YI, <br> IO, 2.50%, 9/20/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8498801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1343989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-173, Class SY, <br> CMO, IO, 6.19% - 1 mo. <br> USD Term SOFR, 2.51%, <br> 11/20/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20289192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2690296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-173, Class TI, <br> CMO, IO, 2.00%, <br> 11/20/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25269023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3247472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-176, Class SL, <br> CMO, IO, 4.89% - 1 mo. <br> USD Term SOFR, 1.21%, <br> 11/20/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6833151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 548305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-181, Class QI, <br> IO, 3.00%, 12/20/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6538978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1156616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-185, Class SE, <br> CMO, IO, 6.19% - 1 mo. <br> USD Term SOFR, 2.51%, <br> 12/20/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25134942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3133587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-84, Class NT, <br> 1.25%, 6/20/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3692902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2880809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-96, Class DI, <br> CMO, IO, 3.00%, <br> 7/20/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp; 45761441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8079874 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class IH, IO, <br> 2.50%, 1/20/2051<br>| $31419910 | &nbsp;&nbsp; $5092638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-112, IO, VRN, <br> 0.99%, 10/16/2063 (c)<br>| &nbsp;&nbsp;&nbsp; 121120106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8403200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-118, Class EI, <br> IO, 2.50%, 7/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11662623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1301090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-125, Class SN, <br> CMO, IO, 4.09% - 1 mo. <br> USD Term SOFR, 0.41%, <br> 1/20/2051 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6415236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-137, Class IQ, <br> IO, 3.00%, 8/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16485796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2910787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-139, Class IP, <br> IO, 3.00%, 8/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20832302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3852985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-142, IO, 3.00%, <br> 8/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18195284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3217301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-159, Class IA, <br> CMO, IO, 3.00%, <br> 9/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5608558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-196, Class IM, <br> IO, 3.00%, 11/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22782851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4097311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-196, Class UI, <br> IO, 3.00%, 11/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 33840888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5457151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-221, Class IN, <br> CMO, IO, 2.50%, <br> 12/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32587537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5342110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-30, Class KI, <br> IO, 3.00%, 2/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6926824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-44, Class IQ, <br> IO, 3.00%, 3/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12855176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2271910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-8, Class KX, IO, <br> 3.00%, 1/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8767397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1560749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-180, IO, 2.50%, <br> 6/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 35782188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5778623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-61, Class EI, <br> IO, 3.00%, 7/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2964552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-93, CMO, IO, <br> 3.00%, 8/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 45614780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5340420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-19, Class GI, <br> CMO, IO, 3.00%, <br> 11/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32890242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5364912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-24, Class DI, <br> CMO, IO, 3.50%, <br> 11/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9308785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1634911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-79, Class CI, <br> IO, 3.50%, 2/20/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19979932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3256375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-117, Class Z, <br> CMO, 3.00%, 1/20/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25503857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17969036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-208, Class MF, <br> CMO, 30 day USD SOFR <br> Average + 1.00%, 4.67%, <br> 12/20/2055 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16544775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16599275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-84, CMO, IO, <br> 3.50%, 7/20/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25119594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3696244 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-89, Class AL, <br> CMO, 5.00%, 9/20/2051<br>| $11762000 | &nbsp;&nbsp; $11776286 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL U.S. GOVERNMENT** <br> **AGENCY OBLIGATIONS**<br> (Cost $1,648,974,606)<br>|  | &nbsp;&nbsp; 1608896628 |
| **U.S. TREASURY** <br> **OBLIGATIONS — 20.6%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills 3.67%, <br> 9/10/2026<br>| &nbsp;&nbsp;&nbsp; 300000000 | &nbsp;&nbsp;&nbsp;&nbsp; 295158882 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Inflation-Indexed <br> Notes:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 7/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 11779104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11779564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 1/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 11852776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11763417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 10/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 15271093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15516266 |
| U.S. Treasury Notes: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 8/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 70150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60909930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 5/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 66050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65714590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 1/31/2028 | &nbsp;&nbsp;&nbsp; 254450000 | &nbsp;&nbsp;&nbsp;&nbsp; 240673919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 9/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 96500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95139200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 11/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 75200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65547375 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY** <br> **OBLIGATIONS**<br> (Cost $857,414,144)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 862203143 |
| **MORTGAGE-BACKED** <br> **SECURITIES — 9.9%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Home Mortgage <br> Investment Trust Series <br> 2007-1, Class GA1C, 1 mo. <br> USD Term SOFR + 0.30%, <br> 3.98%, 5/25/2047 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4696754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2840418 |
| Angel Oak Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-10, Class M1, <br> CMO, 5.72%, 9/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1085662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-12, Class A3, <br> CMO, 5.34%, 12/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1194046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-12, Class M1, <br> CMO, 5.77%, 12/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-7, Class A3, <br> CMO, 5.92%, 6/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1895030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1902763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-7, Class M1, <br> CMO, 6.35%, 6/25/2070 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2804625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class A3, <br> CMO, 5.17%, 2/25/2071 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 984161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-2, Class M1, <br> CMO, VRN, 5.45%, <br> 2/25/2071 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2447163 |
| Aspire Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class A3, <br> CMO, 5.21%, 1/25/2066 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1985473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1969756 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class M1, <br> CMO, VRN, 5.40%, <br> 1/25/2066 (a) (c)<br>| $1000000 | &nbsp;&nbsp; $990698 |
| Banc of America Funding Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-8T2, Class A4, <br> CMO, 6.33%, 10/25/2036 <br> (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1326743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1121071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-5, Class CA1, <br> CMO, 6.00%, 7/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2657187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2028445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banc of America Mortgage <br> Trust Series 2004-K, <br> Class B1, CMO, 5.28%, <br> 12/25/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2300347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2291702 |
| Barclays Mortgage Loan Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A1, CMO, 4.84%, <br> 12/25/2065 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1376175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1359574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A3, CMO, 5.24%, <br> 12/25/2065 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 976709 |
| &nbsp;&nbsp;&nbsp;&nbsp; BCAP LLC Trust Series <br> 2010-RR4, Class 3212, <br> CMO, 5.81%, 1/26/2037 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4457240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3364007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bear Stearns ALT-A Trust <br> Series 2006-6, Class 1A1, <br> CMO, 1 mo. USD Term <br> SOFR + 0.43%, 4.11%, <br> 11/25/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1112643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 909390 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRAVO Residential Funding <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-NQM4, <br> Class A1, 6.44%, <br> 5/25/2063 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6377075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6374376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM10, <br> Class M1, CMO, VRN, <br> 5.76%, 9/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1685953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM2, <br> Class M1, CMO, VRN, <br> 6.39%, 11/25/2064 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5029018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM7, <br> Class M1, CMO, VRN, <br> 6.23%, 7/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1907528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM8, <br> Class M1, CMO, VRN, <br> 5.82%, 6/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1493708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM9, <br> Class M1, 6.03%, <br> 9/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11477000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11389303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM3, <br> Class A3, CMO, 5.34%, <br> 11/25/2065 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1978569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1967949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM3, <br> Class M1, CMO, VRN, <br> 5.63%, 11/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1967027 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; ChaseFlex Trust Series <br> 2007-3, Class 1A2, CMO, 1 <br> mo. USD Term SOFR + <br> 0.57%, 4.25%, 7/25/2037 <br> (c)<br>| $7723610 | &nbsp;&nbsp; $1930075 |
| &nbsp;&nbsp;&nbsp;&nbsp; CHL Mortgage Pass-Through <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-J2, Class 3A14, <br> CMO, 5.50%, 8/25/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 569685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-10, Class A4, <br> 5.50%, 7/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3409498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1309973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-12, Class A9, <br> CMO, 5.75%, 8/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1989363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1009122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-3, Class A1, <br> 6.00%, 4/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2914985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1284186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-HYB1, Class <br> 2A1, CMO, 3.96%, <br> 3/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 843800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750173 |
| &nbsp;&nbsp;&nbsp;&nbsp; CIM Trust Series 2023-R4, <br> Class A1, 5.00%, 5/25/2062 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6800044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6849537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup Mortgage Loan Trust, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-10, Class 2A2A, <br> CMO, 4.45%, 9/25/2037 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1821919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1447147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-AR4, Class <br> 1A1A, CMO, 4.49%, <br> 3/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 818321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-AR5, Class <br> 1A2A, CMO, 4.81%, <br> 4/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-JL1, Class A, <br> 2.75%, 2/27/2062 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309847 |
| &nbsp;&nbsp;&nbsp;&nbsp; CitiMortgage Alternative Loan <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-A1, Class 1A7, <br> CMO, 6.00%, 1/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2730433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2174911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-A3, Class 1A4, <br> 5.75%, 3/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2078573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1626441 |
| COLT Mortgage Loan Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2, Class A1, <br> 3.99%, 2/25/2067 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12386250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11756509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-3, Class M1, <br> 4.21%, 2/25/2067 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10023000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8985513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1, Class A1, <br> 6.05%, 4/25/2068 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4460217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4460217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-7, Class M1, <br> CMO, VRN, 6.03%, <br> 6/25/2070 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1908394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-2, Class A3, <br> CMO, 5.19%, 3/25/2071 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3963916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Countrywide Alternative Loan <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-21CB, <br> Class A3, CMO, 5.25%, <br> 6/25/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1189789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820112 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-54CB, Class <br> 1A1, 1 mo. USD Term <br> SOFR + 0.76%, 4.44%, <br> 11/25/2035 (c)<br>| $4137451 | &nbsp;&nbsp; $2850567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-79CB, <br> Class A4, CMO, 5.50%, <br> 1/25/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2773535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1417807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-24CB, <br> Class A9, CMO, 6.00%, <br> 8/25/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2276237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1086923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-43CB, Class <br> 1A1, CMO, 1 mo. USD <br> Term SOFR + 0.61%, <br> 6.00%, 2/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3554620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1692863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-43CB, Class <br> 1A12, CMO, 5.75%, <br> 2/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2142146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-OA2, Class A1, <br> CMO, 1 mo. USD Term <br> SOFR + 0.53%, 4.21%, <br> 5/20/2046 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1355906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1276952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-16CB, Class <br> 2A1, 1 mo. USD Term <br> SOFR + 0.56%, 4.24%, <br> 8/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6339239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013567 |
| Cross Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-H5, Class A3, <br> CMO, 5.86%, 7/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1307408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1311028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-H5, Class M1, <br> CMO, VRN, 6.18%, <br> 7/25/2070 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1505936 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSMC Mortgage-Backed Trust <br> Series 2006-7, Class 7A7, <br> CMO, 6.00%, 8/25/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 857685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deephaven Residential <br> Mortgage Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2, Class A1, <br> 5.30%, 3/25/2067 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3179368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3074502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-INV1, Class A2, <br> CMO, 5.10%, 12/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-INV1, Class A3, <br> CMO, 5.20%, 12/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deutsche Alt-A Securities, Inc. <br> Mortgage Loan Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-AR3, Class <br> 1A4, 1 mo. USD Term <br> SOFR + 0.75%, 4.43%, <br> 6/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2381790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2094771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-OA5, Class A2, <br> CMO, 1 mo. USD Term <br> SOFR + 0.71%, 4.39%, <br> 8/25/2047 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3360108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2863299 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Ellington Financial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, <br> 5.00%, 8/25/2067 (a) (f)<br>| $4283061 | &nbsp;&nbsp; $4268320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM2, <br> Class A3, CMO, VRN, <br> 5.95%, 6/25/2070 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1642865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1648870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class M1, CMO, VRN, <br> 5.77%, 11/25/2070 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 989699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM3, <br> Class A3, CMO, 5.38%, <br> 3/25/2071 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1987784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM3, <br> Class M1, CMO, VRN, <br> 5.70%, 3/25/2071 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982972 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Horizon Alternative <br> Mortgage Securities Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-FA4, Class 1A4, <br> 6.25%, 8/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2604164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 782164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-FA4, Class 1A7, <br> 6.00%, 8/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1823216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525701 |
| GCAT Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM3, <br> Class A3, CMO, 5.96%, <br> 5/25/2070 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2584617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2594049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM3, <br> Class M1, CMO, VRN, <br> 6.33%, 5/25/2070 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2995660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM2, <br> Class A1, CMO, VRN, <br> 5.45%, 2/25/2071 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5010301 |
| &nbsp;&nbsp;&nbsp;&nbsp; GreenPoint MTA Trust Series <br> 2005-AR1, Class A4, CMO, <br> 1 mo. USD Term SOFR + <br> 0.71%, 4.39%, 6/25/2045 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2386947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2063846 |
| &nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed <br> Securities Corp. Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM6, <br> Class A3, CMO, 5.28%, <br> 2/25/2066 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1795200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1783763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM6, <br> Class M1, CMO, VRN, <br> 5.70%, 2/25/2066 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1063421 |
| &nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed <br> Securities Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DSC2, <br> Class M1, CMO, VRN, <br> 5.79%, 1/25/2066 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1247445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class M1, CMO, VRN, <br> 5.75%, 7/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1989661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A1, CMO, VRN, <br> 4.87%, 3/25/2066 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1357872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1345835 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A2, CMO, 5.12%, <br> 3/25/2066 (a) (f)<br>| $242477 | &nbsp;&nbsp; $241635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A3, CMO, 5.23%, <br> 3/25/2066 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482425 |
| GSR Mortgage Loan Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-OA1, Class <br> 1A1, CMO, 1 mo. USD <br> Term SOFR + 0.55%, <br> 4.23%, 8/25/2046 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13876872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2530866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-AR1, Class <br> 2A1, 3.96%, 3/25/2047 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3615662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1934337 |
| HOMES Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-NQM1, <br> Class A1, 6.18%, <br> 1/25/2068 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5532996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5519490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-AFC1, <br> Class M1, CMO, VRN, <br> 5.55%, 2/25/2061 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2451557 |
| &nbsp;&nbsp;&nbsp;&nbsp; IndyMac IMJA Mortgage Loan <br> Trust Series 2007-A4, <br> Class A1, CMO, 6.25%, <br> 2/25/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21712752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4898588 |
| &nbsp;&nbsp;&nbsp;&nbsp; IndyMac INDX Mortgage Loan <br> Trust Series 2006-AR3, <br> Class 3A1B, CMO, 3.43%, <br> 4/25/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 906624 |
| JP Morgan Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM4, <br> Class M1A, CMO, VRN, <br> 5.64%, 3/25/2066 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4465356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class A3, CMO, 5.23%, <br> 5/25/2066 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5738989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5689231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-VIS1, Class M1, <br> CMO, VRN, 5.50%, <br> 6/25/2066 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2668024 |
| Lehman XS Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-GP1, <br> Class A4A, CMO, 1 mo. <br> USD Term SOFR + <br> 0.77%, 4.45%, 5/25/2046 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1568018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1341423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-GP2, Class <br> 1A4, 1 mo. USD Term <br> SOFR + 0.77%, 4.45%, <br> 6/25/2046 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5599832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4379379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Luminent Mortgage Trust <br> Series 2007-1, Class 1A1, <br> CMO, 1 mo. USD Term <br> SOFR + 0.43%, 4.11%, <br> 11/25/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5286985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4776840 |
| MFA Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class A3, CMO, 5.44%, <br> 11/25/2070 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 945428 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A3, CMO, 5.41%, <br> 2/25/2071 (a) (f)<br>| $2992514 | &nbsp;&nbsp; $2965577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class M1, CMO, VRN, <br> 5.59%, 2/25/2071 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1225535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley <br> Resecuritization Trust Series <br> 2014-R7, Class B2, CMO, <br> 4.13%, 1/26/2051 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13829316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13326007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential <br> Mortgage Loan Trust Series <br> 2026-NQM2, Class M1, <br> CMO, VRN, 5.48%, <br> 1/26/2071 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1482166 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage <br> Loan Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class A3, CMO, 5.46%, <br> 8/25/2065 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1898781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1890798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class M1, CMO, VRN, <br> 6.09%, 8/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5883931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM6, <br> Class A3, CMO, 5.34%, <br> 10/25/2065 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 472251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM6, <br> Class M1, CMO, VRN, <br> 5.81%, 10/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A1, CMO, VRN, <br> 4.82%, 11/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2134440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2112970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A2, CMO, 5.08%, <br> 11/25/2065 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A3, CMO, 5.18%, <br> 11/25/2065 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 480345 |
| NYMT Loan Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-INV1, Class A1, <br> CMO, VRN, 4.77%, <br> 2/25/2061 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1694130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1685061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-INV1, Class A2, <br> CMO, 5.05%, 2/25/2061 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-INV1, Class A3, <br> CMO, 5.20%, 2/25/2061 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-INV1, <br> Class M1, CMO, VRN, <br> 5.77%, 2/25/2061 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1990260 |
| OBX Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NQM12, <br> Class A1, 5.48%, <br> 7/25/2064 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6016385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6034071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NQM13, <br> Class A2, CMO, 5.37%, <br> 6/25/2064 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1669170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1667382 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NQM18, <br> Class M1, CMO, VRN, <br> 6.17%, 10/25/2064 (a) (c)<br>| $5600000 | &nbsp;&nbsp; $5615652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NQM6, <br> Class A1, 6.45%, <br> 2/25/2064 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3491400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3525673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NQM7, <br> Class A1, 6.24%, <br> 3/25/2064 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2724477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2746694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R1, Class A3, <br> CMO, 5.19%, 9/25/2062 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 959768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R1, Class M1, <br> CMO, VRN, 5.75%, <br> 9/25/2062 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1346270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM2, <br> Class A1, CMO, VRN, <br> 4.82%, 12/1/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2460825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2438775 |
| &nbsp;&nbsp;&nbsp;&nbsp; PRKCM Trust Series <br> 2026-AFC1, Class M1, <br> CMO, VRN, 5.50%, <br> 2/25/2061 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2479413 |
| PRPM LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, <br> CMO, 5.87%, 11/25/2029 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3704193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3705540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-8, Class A1, <br> CMO, 5.90%, 12/25/2029 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13497205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13483794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class A1, <br> CMO, 6.18%, 6/25/2030 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13516052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13491876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-6, Class A1, <br> CMO, 5.77%, 8/25/2028 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1723676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1719971 |
| PRPM Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class A1, <br> CMO, 6.26%, 5/25/2030 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16763968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16716728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class A1, CMO, VRN, <br> 5.18%, 10/25/2070 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1149631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1145082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class A2, CMO, 5.33%, <br> 10/25/2070 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 958086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 957351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class A3, CMO, 5.43%, <br> 10/25/2070 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 958086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 956172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class B1, CMO, VRN, <br> 6.90%, 10/25/2070 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1014500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, <br> Class M1, CMO, VRN, <br> 5.90%, 10/25/2070 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class A3, CMO, 5.44%, <br> 2/25/2071 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 994073 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, <br> Class M1, CMO, VRN, <br> 5.72%, 2/25/2071 (a) (c)<br>| $2000000 | &nbsp;&nbsp; $1967897 |
| RALI Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-QA7, <br> Class A22, CMO, 5.27%, <br> 7/25/2035 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1110508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1043593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-QS13, Class <br> 2A4, 5.75%, 9/25/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2329315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1849144 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBSGC Mortgage Loan Trust <br> Series 2007-A, Class 2A2, <br> 6.00%, 1/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2094532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1873639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Asset Securitization <br> Trust Series 2005-A16, <br> Class A3, 6.00%, 2/25/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3039450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975364 |
| &nbsp;&nbsp;&nbsp;&nbsp; SG Residential Mortgage Trust <br> Series 2026-1, Class M1, <br> CMO, VRN, 5.54%, <br> 1/25/2066 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3479758 |
| &nbsp;&nbsp;&nbsp;&nbsp; Structured Adjustable Rate <br> Mortgage Loan Trust Series <br> 2006-8, Class 4A3, CMO, <br> 4.77%, 9/25/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Structured Asset Mortgage <br> Investments II Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2004-AR3, Class M, <br> CMO, 1 mo. USD Term <br> SOFR + 0.79%, 4.47%, <br> 7/19/2034 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-AR3, Class <br> 1A3, 1 mo. USD Term <br> SOFR + 0.53%, 4.21%, <br> 9/25/2047 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5060370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4068231 |
| &nbsp;&nbsp;&nbsp;&nbsp; TBW Mortgage-Backed Trust <br> Series 2006-6, Class A2B, <br> 6.16%, 1/25/2037 (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9878984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2081386 |
| Verus Securitization Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, <br> 5.13%, 2/25/2067 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12822669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12339007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3, Class A1, <br> 5.93%, 3/25/2068 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2310014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2310014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-4, Class A1, <br> 5.81%, 5/25/2068 (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4545814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4535614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-9, Class A1, <br> CMO, VRN, 5.44%, <br> 11/25/2069 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6084435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6104953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-10, Class A3, <br> CMO, 5.37%, 6/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3441819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3427257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class A1, <br> CMO, 5.45%, 5/25/2070 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19959057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20034474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-2, Class M1, <br> CMO, VRN, 5.38%, <br> 2/25/2071 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 974959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-3, Class M1, <br> CMO, VRN, 5.55%, <br> 3/25/2071 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1985542 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-R1, Class A1, <br> CMO, VRN, 4.83%, <br> 10/25/2067 (a) (c)<br>| $1714836 | &nbsp;&nbsp; $1695934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-R1, Class A2, <br> CMO, 5.03%, 10/25/2067 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-R1, Class A3, <br> CMO, 5.19%, 10/25/2067 <br> (a) (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486652 |
| &nbsp;&nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through <br> Certificates Trust Series <br> 2006-AR14, Class 1A5, <br> 3.99%, 11/25/2036 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2575031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2266071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Washington Mutual Mortgage <br> Pass-Through Certificates <br> WMALT Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2005-8, Class 2CB1, <br> CMO, 5.50%, 10/25/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 478669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-1, Class 4CB, <br> 6.50%, 2/25/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3963959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3018660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-5, Class 3A2, <br> CMO, 6.50%, 7/25/2036 <br> (f)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2382224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 446334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-AR9, Class 2A, <br> 1 yr. USD MTA + 0.84%, <br> 4.70%, 11/25/2046 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2380167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1786424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-2, Class 1A3, <br> CMO, 6.00%, 4/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3083824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2403903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2007-HY1, <br> Class A3A, CMO, 1 mo. <br> USD Term SOFR + <br> 0.57%, 4.25%, 2/25/2037 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3152988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2319492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Mortgage-Backed <br> Securities Trust Series <br> 2007-AR4, Class A1, CMO, <br> 6.31%, 8/25/2037 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440266 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MORTGAGE-BACKED** <br> **SECURITIES**<br> (Cost $438,681,211)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 413684958 |
| **COMMERCIAL MORTGAGE** <br> **BACKED SECURITIES —** <br> **5.8%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1345 Trust Series 2025-AOA, <br> Class A, 1 mo. USD Term <br> SOFR + 1.60%, 5.27%, <br> 6/15/2042 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 Park Avenue Mortgage <br> Trust Series 2017-280P, <br> Class A, 1 mo. USD Term <br> SOFR + 1.18%, 4.85%, <br> 9/15/2034 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1383073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acore Issuer LLC Series <br> 2026-FL1, Class A, 1 mo. <br> USD Term SOFR + 1.45%, <br> 5.13%, 8/20/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2887389 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; ACREC LLC Series 2025-FL3, <br> Class A, 1 mo. USD Term <br> SOFR + 1.31%, 4.99%, <br> 8/18/2042 (a) (c)<br>| $1380000 | &nbsp;&nbsp; $1379995 |
| &nbsp;&nbsp;&nbsp;&nbsp; ACRES LLC Series 2025-FL3, <br> Class A, 1 mo. USD Term <br> SOFR + 1.62%, 5.30%, <br> 8/18/2040 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1480916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arbor Realty Commercial Real <br> Estate Notes LLC Series <br> 2025-FL1, Class A, 1 mo. <br> USD Term SOFR + 1.35%, <br> 5.03%, 1/20/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1999714 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arbor Realty Commercial Real <br> Estate Notes Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL4, Class A, 1 <br> mo. USD Term SOFR + <br> 1.46%, 5.14%, 11/15/2036 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-FL1, Class A, <br> 30 day USD SOFR <br> Average + 1.45%, 5.12%, <br> 1/15/2037 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580109 |
| &nbsp;&nbsp;&nbsp;&nbsp; ARDN Mortgage Trust Series <br> 2025-ARCP, Class A, 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 6/15/2035 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 965481 |
| &nbsp;&nbsp;&nbsp;&nbsp; AREIT Ltd. Series <br> 2025-CRE10, Class A, 1 mo. <br> USD Term SOFR + 1.39%, <br> 5.07%, 12/17/2029 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2080000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2074228 |
| Bank: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-BNK4, <br> Class XA, IO, 1.32%, <br> 5/15/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23329518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-BNK6, <br> Class XA, IO, 0.74%, <br> 7/15/2060 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 39554454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-BN13, Class B, <br> VRN, 4.56%, 8/15/2061 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-BN35, <br> Class XA, IO, VRN, <br> 1.02%, 6/15/2064 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9035145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345925 |
| Bank5: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5YR12, <br> Class A3, VRN, 5.90%, <br> 12/15/2057 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2755000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2862238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5YR8, <br> Class A3, 5.88%, <br> 8/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3404000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3521182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5YR8, <br> Class XA, IO, 0.90%, <br> 8/15/2057 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 45683494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1162522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5YR9, <br> Class A3, 5.61%, <br> 8/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1381000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1419878 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5YR15, <br> Class AS, 5.76%, <br> 7/15/2058<br>| $1340000 | &nbsp;&nbsp; $1371336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5YR18, <br> Class A3, 5.15%, <br> 12/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1291023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5YR19, <br> Class AS, 5.61%, <br> 12/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2297362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-5YR20, <br> Class C, VRN, 6.04%, <br> 2/15/2059 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3352000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3360731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank5 Trust Series <br> 2024-5YR6, Class A3, <br> 6.23%, 5/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1831000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1905179 |
| BBCMS Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C18, Class XD, <br> IO, 2.17%, 12/15/2055 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12094000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1544969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-5C23, Class A3, <br> VRN, 6.68%, 12/15/2056 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2393295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5C25, <br> Class AS, VRN, 6.36%, <br> 3/15/2057 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2368746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5C29, Class A3, <br> 5.21%, 9/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1921467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C37, Class A3, <br> 5.02%, 9/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2001000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C38, Class A3, <br> 5.15%, 11/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2048000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2084949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C32, Class XA, <br> IO, VRN, 1.13%, <br> 2/15/2062 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16021610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1270962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-5C40, <br> Class AS, VRN, 5.53%, <br> 2/15/2059 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3334000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3398622 |
| &nbsp;&nbsp;&nbsp;&nbsp; BDS LLC Series 2024-FL13, <br> Class A, 1 mo. USD Term <br> SOFR + 1.58%, 5.25%, <br> 9/19/2039 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1901409 |
| Benchmark Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-B14, Class A2, <br> 2.91%, 12/15/2062<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1844419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1790360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-B19, Class XA, <br> IO, VRN, 1.66%, <br> 9/15/2053 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16595428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B24, Class XA, <br> IO, VRN, 1.13%, <br> 3/15/2054 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3157438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-V10, Class AS, <br> VRN, 5.73%, 9/15/2057 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-V6, Class A3, <br> 5.93%, 3/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2077374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-V6, Class AS, <br> 6.38%, 3/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345010 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-V8, Class A1, <br> 5.51%, 7/15/2057<br>| $1170689 | &nbsp;&nbsp; $1185287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-V8, Class A3, <br> VRN, 6.19%, 7/15/2057 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1832000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1912678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-V9, Class A3, <br> 5.60%, 8/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1808000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1857200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V14, Class AM, <br> VRN, 6.09%, 4/15/2057 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3452838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V15, Class AS, <br> 6.17%, 6/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3941000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4092648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V16, Class A3, <br> VRN, 5.44%, 8/15/2058 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1365726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V17, Class A3, <br> 5.07%, 9/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1998000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V18, Class AS, <br> 5.59%, 10/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1033000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1051830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V18, Class XA, <br> IO, VRN, 1.26%, <br> 10/15/2058 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 37165654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1845915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V19, Class A3, <br> VRN, 5.25%, 1/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2029000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2070654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-V20, Class B, <br> VRN, 5.69%, 2/15/2059 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3386742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-V21, Class A3, <br> 5.13%, 3/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2266000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2297855 |
| &nbsp;&nbsp;&nbsp;&nbsp; BFLD Trust Series <br> 2025-EWEST, Class C, 1 <br> mo. USD Term SOFR + <br> 2.10%, 5.77%, 6/15/2042 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 966367 |
| BMO Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5C6, Class A3, <br> 5.32%, 9/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1878000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1911751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5C6, Class AS, <br> VRN, 5.75%, 9/15/2057 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5C7, Class AS, <br> VRN, 5.89%, 11/15/2057 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1288000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1311555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C12, <br> Class AS, 5.56%, <br> 10/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2011000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2041043 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRSP Ltd. Series 2026-FL3, <br> Class A, 1 mo. USD Term <br> SOFR + 1.45%, 5.13%, <br> 8/19/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3339737 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSPRT Issuer LLC Series <br> 2026-FL13, Class A, 1 mo. <br> USD Term SOFR + 1.50%, <br> 5.15%, 10/18/2043 (a) (b) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2860583 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; BSTN Commercial Mortgage <br> Trust Series 2025-HUB, <br> Class A, 4.57%, 4/13/2041 <br> (a) (c)<br>| $870000 | &nbsp;&nbsp; $869254 |
| &nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-LP2, Class A, 1 <br> mo. USD Term SOFR + <br> 1.01%, 4.69%, 2/15/2039 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-AIRC, Class A, <br> 1 mo. USD Term SOFR + <br> 1.69%, 5.36%, 8/15/2041 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1023356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1022906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-BCAT, Class A, <br> 1 mo. USD Term SOFR + <br> 1.38%, 5.05%, 8/15/2042 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 958285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 957903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-ALOHA, <br> Class C, 1 mo. USD Term <br> SOFR + 1.70%, 5.40%, <br> 4/15/2043 (a) (b) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1720000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-CSMO, <br> Class B, 1 mo. USD Term <br> SOFR + 1.70%, 5.37%, <br> 2/15/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2229066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-XL6, Class A, 1 <br> mo. USD Term SOFR + <br> 1.20%, 4.87%, 3/15/2043 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2251332 |
| BX Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-OC11, Class E, <br> 3.94%, 12/9/2041 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1339164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-BXMF, Class D, <br> 1 mo. USD Term SOFR + <br> 1.94%, 5.62%, <br> 10/15/2026 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-LBA6, Class C, <br> 1 mo. USD Term SOFR + <br> 1.60%, 5.27%, 1/15/2039 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1697362 |
| &nbsp;&nbsp;&nbsp;&nbsp; BXMT Ltd. Series 2026-FL6, <br> Class A, 1 mo. USD Term <br> SOFR + 1.45%, 5.13%, <br> 8/19/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3331403 |
| BXP Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-GM, Class A, <br> 3.38%, 6/13/2039 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1337243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-GM, Class B, <br> VRN, 3.42%, 6/13/2039 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1088078 |
| &nbsp;&nbsp;&nbsp;&nbsp; CD Mortgage Trust Series <br> 2017-CD4, Class XA, IO, <br> 1.20%, 5/10/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12035003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76420 |
| &nbsp;&nbsp;&nbsp;&nbsp; CENT Trust Series 2025-CITY, <br> Class A, VRN, 4.92%, <br> 7/10/2040 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1326525 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; CFCRE Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C4, Class XA, <br> IO, 1.14%, 5/10/2058 (c)<br>| $1283736 | &nbsp;&nbsp; $50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C7, Class A3, <br> 3.84%, 12/10/2054<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1269273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup Commercial <br> Mortgage Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-GC33, Class C, <br> 4.34%, 9/10/2058 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C1, Class A4, <br> 3.21%, 5/10/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1746469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1741243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-GC36, <br> Class XA, IO, 0.98%, <br> 2/10/2049 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4116951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20680 |
| COMM Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-CR12, <br> Class XA, IO, 0.42%, <br> 10/10/2046 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1287769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-DC1, Class XA, <br> IO, 0.56%, 2/10/2048 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-COR1, Class B, <br> 3.90%, 10/10/2049<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1462912 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSAIL Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-CX10, <br> Class XA, IO, 0.84%, <br> 11/15/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 45043460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C17, Class XA, <br> IO, VRN, 1.31%, <br> 9/15/2052 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 26491437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 888932 |
| CSMC Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B33, Class A1, <br> 3.05%, 10/10/2043 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B33, Class A2, <br> 3.17%, 10/10/2043 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1265900 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSTL Commercial Mortgage <br> Trust Series 2026-GATE3, <br> Class B, VRN, 4.94%, <br> 2/10/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1646832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Del Amo Fashion Center Trust <br> Series 2017-AMO, Class A, <br> 3.64%, 6/5/2035 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925830 |
| &nbsp;&nbsp;&nbsp;&nbsp; ELP Commercial Mortgage <br> Trust Series 2025-ELP, <br> Class E, VRN, 6.02%, <br> 11/13/2042 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2172776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust <br> Series 2026-ESH2, Class A, <br> 1 mo. USD Term SOFR + <br> 1.20%, 4.87%, 2/15/2043 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1654434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1650301 |
| FS Rialto Issuer LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL2, Class A, <br> ABS, 1 mo. USD Term <br> SOFR + 1.33%, 5.01%, <br> 5/16/2038 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394490 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL10, Class A, <br> 1 mo. USD Term SOFR + <br> 1.39%, 5.06%, 8/19/2042 <br> (a) (c)<br>| $1670000 | &nbsp;&nbsp; $1665912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-FL11, Class A, <br> 1 mo. USD Term SOFR + <br> 1.45%, 5.12%, 1/19/2044 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3175577 |
| &nbsp;&nbsp;&nbsp;&nbsp; FS Trust Series 2026-HULA, <br> Class A, 1 mo. USD Term <br> SOFR + 1.45%, 5.13%, <br> 3/15/2041 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1706978 |
| &nbsp;&nbsp;&nbsp;&nbsp; GGP Trust Series 2026-TY, <br> Class A, VRN, 4.67%, <br> 3/5/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2204112 |
| &nbsp;&nbsp;&nbsp;&nbsp; GPMT Ltd. Series 2021-FL4, <br> Class A, 1 mo. USD Term <br> SOFR + 1.46%, 5.14%, <br> 12/15/2036 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2503591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2505171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grace Trust Series <br> 2020-GRCE, Class D, VRN, <br> 2.68%, 12/10/2040 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011267 |
| &nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage Securities Corp. <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-TWR, Class A, <br> 1 mo. USD Term SOFR + <br> 1.20%, 4.87%, 7/15/2031 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-TWR, Class D, <br> 1 mo. USD Term SOFR + <br> 1.90%, 5.57%, 7/15/2031 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-TWR, Class E, <br> 1 mo. USD Term SOFR + <br> 2.40%, 6.07%, 7/15/2031 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-TWR, Class F, <br> 1 mo. USD Term SOFR + <br> 3.10%, 6.77%, 7/15/2031 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-TWR, Class G, <br> 1 mo. USD Term SOFR + <br> 4.22%, 7.89%, 7/15/2031 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6494 |
| GS Mortgage Securities Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-GC34, <br> Class XA, IO, 0.34%, <br> 10/10/2048 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1112034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-GS3, Class XA, <br> IO, 1.14%, 10/10/2049 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20115979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-GS7, Class XA, <br> IO, 1.02%, 8/10/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 36209374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306272 |
| &nbsp;&nbsp;&nbsp;&nbsp; Incref LLC Series 2025-FL1, <br> Class A, 1 mo. USD Term <br> SOFR + 1.73%, 5.41%, <br> 10/19/2042 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1942685 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Chase Commercial <br> Mortgage Securities Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-JP1, Class XA, <br> IO, 0.72%, 1/15/2049 (c)<br>| $1936188 | &nbsp;&nbsp; $3653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-NLP, Class A, 1 <br> mo. USD Term SOFR + <br> 0.85%, 4.52%, 4/15/2037 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1690695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1673896 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMBB Commercial Mortgage <br> Securities Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-C25, Class XA, <br> IO, 0.33%, 11/15/2047 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C30, Class XA, <br> IO, 0.00%, 7/15/2048 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2376687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMDB Commercial Mortgage <br> Securities Trust Series <br> 2016-C2, Class XA, IO, <br> 1.44%, 6/15/2049 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6402433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36328 |
| &nbsp;&nbsp;&nbsp;&nbsp; KREF Ltd. Series 2021-FL2, <br> Class A, ABS, 1 mo. USD <br> Term SOFR + 1.18%, <br> 4.86%, 2/15/2039 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506101 |
| &nbsp;&nbsp;&nbsp;&nbsp; LBTY Commercial Mortgage <br> Trust Series 2026-225L, <br> Class B, VRN, 4.88%, <br> 2/10/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2193974 |
| &nbsp;&nbsp;&nbsp;&nbsp; LMRK Issuer Co. 2 LLC Series <br> 2025-1A, Class A, ABS, <br> 5.52%, 9/15/2055 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3486198 |
| &nbsp;&nbsp;&nbsp;&nbsp; LoanCore Issuer LLC Series <br> 2025-CRE8, Class A, 1 mo. <br> USD Term SOFR + 1.39%, <br> 5.06%, 8/17/2042 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2080000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2077103 |
| &nbsp;&nbsp;&nbsp;&nbsp; LSTAR Commercial Mortgage <br> Trust Series 2017-5, <br> Class X, IO, 0.87%, <br> 3/10/2050 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 29249146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Manhattan West Mortgage <br> Trust Series 2020-1MW, <br> Class C, VRN, 2.34%, <br> 9/10/2039 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1247804 |
| MF1 LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-FL9, Class A, 1 <br> mo. USD Term SOFR + <br> 2.15%, 5.83%, 6/19/2037 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1058803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1059132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL17, Class A, <br> 1 mo. USD Term SOFR + <br> 1.32%, 5.00%, 2/18/2040 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2080000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2071397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-FL21, <br> Class ASFX, 5.12%, <br> 2/18/2041 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3447998 |
| &nbsp;&nbsp;&nbsp;&nbsp; MF1 Ltd. Series 2021-FL7, <br> Class A, ABS, 1 mo. USD <br> Term SOFR + 1.19%, <br> 4.87%, 10/16/2036 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278582 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; MF1 Trust Series 2024-FL15, <br> Class A, 1 mo. USD Term <br> SOFR + 1.69%, 5.37%, <br> 8/18/2041 (a) (c)<br>| $1750000 | &nbsp;&nbsp; $1753320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Bank of <br> America Merrill Lynch Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C28, Class XA, <br> IO, 1.04%, 1/15/2049 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2772966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C30, Class XA, <br> IO, 1.28%, 9/15/2049 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10101600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C31, Class C, <br> 4.24%, 11/15/2049 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1835000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1721653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C2, Class A3, <br> 5.11%, 11/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2061000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2091790 |
| Morgan Stanley Capital I Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-UB12, <br> Class XA, IO, 0.59%, <br> 12/15/2049 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 42592517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-L3, Class XA, <br> IO, 0.60%, 11/15/2052 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 51382775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NSTB, Class A, <br> VRN, 3.90%, 9/24/2057 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1698495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1698646 |
| &nbsp;&nbsp;&nbsp;&nbsp; NXPT Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-STOR, Class A, <br> VRN, 4.31%, 11/5/2041 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-STOR, Class B, <br> VRN, 4.65%, 11/5/2041 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1013935 |
| &nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1PARK, <br> Class C, 1 mo. USD Term <br> SOFR + 1.85%, 5.53%, <br> 2/15/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2233125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-7W34, Class A, <br> VRN, 4.87%, 2/5/2041 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1662689 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oceanview Mortgage Trust <br> Series 2026-1, Class A, <br> VRN, 5.10%, 8/25/2055 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3939422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3901093 |
| &nbsp;&nbsp;&nbsp;&nbsp; PENN Commercial Mortgage <br> Trust Series 2025-P11, <br> Class B, 5.93%, 8/10/2042 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700417 |
| &nbsp;&nbsp;&nbsp;&nbsp; PFP Ltd. Series 2026-13, <br> Class A, 1 mo. USD Term <br> SOFR + 1.50%, 5.18%, <br> 8/18/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3310632 |
| &nbsp;&nbsp;&nbsp;&nbsp; PLYM Commercial Mortgage <br> Trust Series 2026-IND, <br> Class A, 1 mo. USD Term <br> SOFR + 1.25%, 4.92%, <br> 3/15/2043 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2247915 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; SFO Commercial Mortgage <br> Trust Series 2021-555, <br> Class A, 1 mo. USD Term <br> SOFR + 1.26%, 4.94%, <br> 5/15/2038 (a) (c)<br>| $1390000 | &nbsp;&nbsp; $1384093 |
| SLG Office Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-OVA, Class E, <br> 2.85%, 7/15/2041 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1245334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-OMA, Class C, <br> VRN, 5.45%, 4/15/2041 <br> (a) (b) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1713623 |
| &nbsp;&nbsp;&nbsp;&nbsp; SPGN Trust Series <br> 2026-TFLM, Class A, 1 mo. <br> USD Term SOFR + 1.30%, <br> 4.97%, 2/15/2041 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1680000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1670134 |
| &nbsp;&nbsp;&nbsp;&nbsp; SREIT Trust Series <br> 2021-MFP2, Class A, 1 mo. <br> USD Term SOFR + 0.94%, <br> 4.61%, 11/15/2036 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Starwood Ltd. Series <br> 2021-FL2, Class A, 1 mo. <br> USD Term SOFR + 1.31%, <br> 4.99%, 4/18/2038 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375931 |
| &nbsp;&nbsp;&nbsp;&nbsp; TCO Commercial Mortgage <br> Trust Series 2024-DPM, <br> Class C, 1 mo. USD Term <br> SOFR + 1.99%, 5.66%, <br> 12/15/2039 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1378255 |
| &nbsp;&nbsp;&nbsp;&nbsp; TRTX Issuer Ltd. Series <br> 2022-FL5, Class A, 1 mo. <br> USD Term SOFR + 1.65%, <br> 5.33%, 2/15/2039 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1014092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1014087 |
| &nbsp;&nbsp;&nbsp;&nbsp; UBS Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C1, Class XA, <br> IO, 1.45%, 6/15/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14060576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C4, Class XA, <br> IO, 1.08%, 10/15/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18985342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C6, Class B, <br> VRN, 4.15%, 12/15/2050 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3705243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C8, Class C, <br> 4.68%, 2/15/2051 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1969000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1844137 |
| &nbsp;&nbsp;&nbsp;&nbsp; VEGAS Trust Series 2024-TI, <br> Class A, 5.52%, 11/10/2039 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Velocity Commercial Capital <br> Loan Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class M3, <br> VRN, 3.19%, 2/25/2050 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1391866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1108527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-6, Class A, <br> VRN, 5.81%, 12/25/2054 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4523453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4533226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class A, <br> VRN, 5.87%, 6/25/2055 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5823166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5842314 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5, Class A, <br> VRN, 5.32%, 12/25/2055 <br> (a) (c)<br>| $9619896 | &nbsp;&nbsp; $9540099 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Commercial <br> Mortgage Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-NXS2, <br> Class XA, IO, 0.00%, <br> 7/15/2058 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 803117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-BNK1, <br> Class XB, IO, VRN, <br> 1.49%, 8/15/2049 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19849000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C38, Class XA, <br> IO, 0.90%, 7/15/2050 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 30815245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C42, Class B, <br> VRN, 4.00%, 12/15/2050 <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1761000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1632651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-RC1, Class XA, <br> IO, 1.37%, 1/15/2060 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14371440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C4, Class A3, <br> 5.67%, 5/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1937380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C7, Class A3, <br> 5.20%, 12/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2087000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2117958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-5C8, Class A3, <br> 5.03%, 3/15/2059<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1696000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1714231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-5C8, Class C, <br> 5.55%, 3/15/2059<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1696000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1654436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-5C8, Class XA, <br> IO, VRN, 1.58%, <br> 3/15/2059 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 38151000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2209132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Willowbrook Mall Series <br> 2025-WBRK, Class A, <br> 5.87%, 3/5/2035 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1428896 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL** <br> **MORTGAGE BACKED** <br> **SECURITIES**<br> (Cost $279,819,677)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 241985751 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENT** <br> **— 8.0%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G <br> Shares 3.64% (i) (j)<br> (Cost $336,795,996)<br>| 336795996 | &nbsp;&nbsp;&nbsp;&nbsp; 336795996 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS —** <br> **106.2%** <br> (Cost $4,566,896,963)<br>|  | &nbsp;&nbsp; 4448303991 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS — (6.2)%** <br>|  | &nbsp;&nbsp;&nbsp;&nbsp; (260191642) |
| **NET ASSETS — 100.0%**  |  | &nbsp;&nbsp; $4188112349 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 26.0% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;(b) When-issued security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on significant unobservable inputs and is classified as Level 3. As of March 31, 2026, total aggregate fair value of the securities is $79,478, representing less than 0.05% of the Fund's net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Security is currently in default and/or issuer is in bankruptcy.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Step-up bond - Coupon rate increases in increments to maturity. Rate shown as of March 31, 2026. Maturity date shown is the final maturity.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Position is unsettled. Contract rate was not determined at March 31, 2026 and does not take effect until settlement date. Maturity date is not finalized until settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(i) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(j) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than 0.05% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations: |  |
| ABS | Asset-Backed Security |
| CLO | Collateralized Loan Obligation |
| CMO | Collateralized Mortgage Obligation |
| CMT | Constant Maturity Treasury |
| EMTN | Euro Medium Term Note |
| IO | Interest Only |
| MTN | Medium Term Note |
| PIK | Payment in Kind |
| PO | Principal Only |
| REMIC | Real Estate Mortgage Investment Conduit |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | &nbsp;&nbsp;&nbsp;&nbsp; Separate Trading of Registered Interest and Principal of <br> Securities<br>|
| VRN | Variable Rate Note |

---

At March 31, 2026, the Fund had unfunded loan commitments of $100,081, which could be extended at the option of the borrowers, pursuant to the following loan agreements:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower** | **Unfunded Loan**<br> **Commitment ($)**<br>| **Value ($)** | **Unrealized** <br> **Appreciation/(Depreciation) ($)**<br>|
| Air Comm Corp. LLC | &nbsp;&nbsp; 15923 | &nbsp;&nbsp; 15983 | &nbsp;&nbsp; 60 |
| GC Ferry Acquisition I, Inc. | &nbsp;&nbsp; 11667 | &nbsp;&nbsp; 11521 | &nbsp;&nbsp; (146)<br>|
| Kaman Corp. | &nbsp;&nbsp; 29110 | &nbsp;&nbsp; 29155 | &nbsp;&nbsp; 45 |
| Pinnacle Buyer LLC | &nbsp;&nbsp; 9677 | &nbsp;&nbsp; 9700 | &nbsp;&nbsp; 23 |
| Pye-Barker Fire & Safety, LLC | &nbsp;&nbsp; 15600 | &nbsp;&nbsp; 15642 | &nbsp;&nbsp; 42 |
| Savor Acquisition, Inc. | &nbsp;&nbsp; 18104 | &nbsp;&nbsp; 18148 | &nbsp;&nbsp; 44 |
|  | &nbsp;&nbsp; $100081 | &nbsp;&nbsp; $100149 | &nbsp;&nbsp; $68 |

---

At March 31, 2026, open futures contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts**<br>| **Expiration**<br> **Date**<br>| **Notional**<br> **Amount**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| 10 Yr. U.S. Treasury Ultra Futures (short) | (230)<br>| 06/18/2026 | $(26571367)<br>| $(26108594)<br>| $462773 |
| Ultra U.S. Treasury Bond Futures (short) | (1270)<br>| 06/18/2026 | (152295359)<br>| (148034375)<br>| 4260984 |
| 2 Yr. U.S. Treasury Note Futures (long) | 8520 | 06/30/2026 | 1779977297 | 1767434058 | (12543239)<br>|
| 5 Yr. U.S. Treasury Note Futures (long) | 6690 | 06/30/2026 | 732499441 | 723722113 | (8777328)<br>|
| U.S. Treasury Bond Futures (long) | 4200 | 06/18/2026 | 491430591 | 478275000 | (13155591)<br>|
|  |  |  |  |  | $(29752401)<br>|

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF**

**SCHEDULE OF INVESTMENTS (continued)** 

***March 31, 2026 (Unaudited)***

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $517609473 | &nbsp;&nbsp; $25176 | &nbsp;&nbsp; $517634649 |
| Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 414735316 | &nbsp;&nbsp; — | &nbsp;&nbsp; 414735316 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 11127913 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11127913 |
| U.S. Government Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 1608896628 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1608896628 |
| U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 862203143 | &nbsp;&nbsp; — | &nbsp;&nbsp; 862203143 |
| Mortgage-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 413684958 | &nbsp;&nbsp; — | &nbsp;&nbsp; 413684958 |
| Commercial Mortgage Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 241985751 | &nbsp;&nbsp; — | &nbsp;&nbsp; 241985751 |
| Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 54302 | &nbsp;&nbsp; 54302 |
| Senior Floating Rate Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 41185335 | &nbsp;&nbsp; 0<br> (a)<br>| &nbsp;&nbsp; 41185335 |
| Short-Term Investment | &nbsp;&nbsp; 336795996 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 336795996 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $336795996 | &nbsp;&nbsp; $4111428517 | &nbsp;&nbsp; $79478 | &nbsp;&nbsp; $4448303991 |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Unfunded Loans - Unrealized Appreciation | &nbsp;&nbsp; $— | &nbsp;&nbsp; $214 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $214 |
| Unfunded Loans - Unrealized Depreciation | &nbsp;&nbsp; — | &nbsp;&nbsp; (146)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (146)<br>|
| Futures Contracts - Unrealized Appreciation | &nbsp;&nbsp; 4723757 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4723757 |
| Futures Contracts - Unrealized Depreciation | &nbsp;&nbsp; (34476158)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (34476158)<br>|
| **TOTAL OTHER FINANCIAL INSTRUMENTS:** | &nbsp;&nbsp; $(29752401)<br>| &nbsp;&nbsp; $68 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(29752333)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund held a Level 3 security that was valued at $0 at March 31, 2026.

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market <br> Fund, Class G Shares<br>| 151157708 | $151157708 | $1185994757 | $1000356469 | $— | $— | 336795996 | $336795996 | $2588165 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE EMERGING MARKETS FIXED INCOME ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **CORPORATE BONDS & NOTES — 84.5%**  | **CORPORATE BONDS & NOTES — 84.5%**  |  |
| **ARGENTINA — 0.2%**  | **ARGENTINA — 0.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Vista Energy Argentina SAU <br> 8.50%, 6/10/2033 (a)<br>| $150000 | &nbsp;&nbsp; $157383 |
| **AUSTRALIA — 2.1%**  | **AUSTRALIA — 2.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AngloGold Ashanti Holdings PLC <br> 3.38%, 11/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1838174 |
| **BRAZIL — 8.5%**  | **BRAZIL — 8.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosan Overseas Ltd. 8.25%, <br> 5/5/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283650 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSN Resources SA 5.88%, <br> 4/8/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368154 |
| &nbsp;&nbsp;&nbsp;&nbsp; FS Luxembourg SARL 8.13%, <br> 2/11/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guara Norte SARL 5.20%, <br> 6/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1848991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1791100 |
| &nbsp;&nbsp;&nbsp;&nbsp; MARB BondCo PLC 3.95%, <br> 1/29/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Minerva Luxembourg SA 8.88%, <br> 9/13/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Movida Europe SA 7.85%, <br> 4/11/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194872 |
| MV24 Capital BV 6.75%, 6/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1110448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1107294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nexa Resources SA 6.50%, <br> 1/18/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prumo Participacoes e <br> Investimentos SA 7.50%, <br> 12/31/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 657007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simpar Europe SA 5.20%, <br> 1/26/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509808 |
| Unigel Luxembourg SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 12/31/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13.50%, 12/31/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yinson Bergenia Production BV <br> 8.50%, 1/31/2045 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1039251 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7620342 |
| **CHILE — 13.0%**  | **CHILE — 13.0%**  |  |
| Agrosuper SA 4.60%, 1/20/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Antofagasta PLC 5.63%, <br> 5/13/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Santander Chile 4.55%, <br> 11/20/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1682269 |
| CAP SA 3.90%, 4/27/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1336352 |
| Cencosud SA 4.38%, 7/17/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 597786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile Electricity Lux MPC II SARL <br> 5.67%, 10/20/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1941742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1961043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile Electricity Lux MPC SARL <br> 6.01%, 1/20/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2064000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2128810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile Electricity PEC SpA Zero <br> Coupon, 1/25/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1480531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1343582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Empresa Electrica Angamos SA <br> 4.88%, 5/25/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Empresa Electrica Cochrane SpA <br> 5.50%, 5/14/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414969 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; GNL Quintero SA 4.63%, <br> 7/31/2029<br>| $1606800 | &nbsp;&nbsp; $1597802 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11555746 |
| **COLOMBIA — 3.6%**  | **COLOMBIA — 3.6%**  |  |
| AL Candelaria - spain- SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 860145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 12/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aris Mining Corp. 8.00%, <br> 10/31/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Davivienda SA 5 yr. CMT + <br> 4.59%, 8.13%, 7/2/2035 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 504730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco GNB Sudameris SA 5 yr. <br> CMT + 6.66%, 7.50%, <br> 4/16/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bancolombia SA 5 yr. CMT + <br> 4.32%, 8.63%, 12/24/2034 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209872 |
| Ecopetrol SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 5/28/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/2/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Empresas Publicas de Medellin <br> ESP 4.38%, 2/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 721592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fideicomiso PA Pacifico Tres <br> 8.25%, 1/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153658 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3207255 |
| **GUATEMALA — 0.3%**  | **GUATEMALA — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Subordinated Trust 2 0 5 <br> yr. CMT + 2.86%, 6.55%, <br> 4/15/2036 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299523 |
| **INDIA — 11.7%**  | **INDIA — 11.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani Electricity Mumbai Ltd. <br> 3.87%, 7/22/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani International Container <br> Terminal Pvt Ltd. 3.00%, <br> 2/16/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1387000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1264914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani Ports & Special Economic <br> Zone Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 2/2/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 877170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 7/3/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani Renewable Energy RJ <br> Ltd./Kodangal Solar Parks Pvt <br> Ltd./Wardha Solar Maharashtra <br> 4.63%, 10/15/2039<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adani Transmission Step-One <br> Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 8/3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 5/21/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 1363250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1187742 |
| &nbsp;&nbsp;&nbsp;&nbsp; BPRL International Singapore Pte. <br> Ltd. Series EMTN, 4.38%, <br> 1/18/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1595772 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONGC Videsh Vankorneft Pte. Ltd. <br> 3.75%, 7/27/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1395926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reliance Industries Ltd. 3.67%, <br> 11/30/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492930 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE EMERGING MARKETS FIXED INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Wipro IT Services LLC 1.50%, <br> 6/23/2026<br>| $1000000 | &nbsp;&nbsp; $992970 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10424147 |
| **INDONESIA — 6.2%**  | **INDONESIA — 6.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport Indonesia PT 4.76%, <br> 4/14/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1096810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indofood CBP Sukses Makmur <br> Tbk. PT 3.40%, 6/9/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Minejesa Capital BV 4.63%, <br> 8/10/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1622500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1601716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pertamina Persero PT 3.65%, <br> 7/30/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 959120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Perusahaan Perseroan Persero <br> PT Perusahaan Listrik Negara <br> 3.88%, 7/17/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Energy Geothermal Wayang <br> Windu Ltd. 6.75%, 4/24/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 828750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 829628 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5506588 |
| **JAMAICA — 0.0%** <sup>\*</sup>  | **JAMAICA — 0.0%** <sup>\*</sup>  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Digicel Group Holdings Ltd. Series <br> 2B, Zero Coupon, 12/31/2030 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1539 |
| **MALAYSIA — 2.8%**  | **MALAYSIA — 2.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MISC Capital Two Labuan Ltd. <br> 3.75%, 4/6/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2480875 |
| **MEXICO — 11.9%**  | **MEXICO — 11.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA 10 <br> yr. CMT + 5.47%, 7.50%, <br> 6/27/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Nacional de Comercio <br> Exterior SNC 5.88%, 5/7/2030 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204262 |
| &nbsp;&nbsp;&nbsp;&nbsp; BBVA Mexico SA Institucion De <br> Banca Multiple Grupo <br> Financiero BBVA Mexico:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 2.65%, 5.13%, <br> 1/18/2033 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 yr. CMT + 4.31%, 5.88%, <br> 9/13/2034 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1756674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cemex SAB de CV 5 yr. CMT + <br> 4.53%, 5.13%, 6/8/2026 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1690837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cometa Energia SA de CV 6.38%, <br> 4/24/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 596820 |
| Comision Federal de Electricidad: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 2/9/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 5/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 1/24/2035 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 596712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fermaca Enterprises S de Real de <br> CV 6.38%, 3/30/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexarrend SAPI de CV 10.25%, <br> 7/24/2024 (a) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico Generadora de Energia S <br> de Real 5.50%, 12/6/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1698118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1700461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Orbia Advance Corp. SAB de CV <br> 6.75%, 9/19/2042<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559335 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Tierra Mojada Luxembourg II <br> SARL 5.75%, 12/1/2040<br>| $1096448 | &nbsp;&nbsp; $1044937 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10599119 |
| **MOROCCO — 1.6%**  | **MOROCCO — 1.6%**  |  |
| OCP SA 6.75%, 5/2/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1455840 |
| **NETHERLANDS — 0.0%** <sup>\*</sup>  | **NETHERLANDS — 0.0%** <sup>\*</sup>  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unigel Netherlands Holding Corp. <br> BV 15.00%, 12/31/2044<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758 |
| **PARAGUAY — 3.3%**  | **PARAGUAY — 3.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bioceanico Sovereign Certificate <br> Ltd. Zero Coupon, 6/5/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1722741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1402312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rutas 2 & 7 Finance Ltd. Zero <br> Coupon, 9/30/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1540952 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2943264 |
| **PERU — 12.3%**  | **PERU — 12.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco BBVA Peru SA 5 yr. CMT + <br> 2.00%, 6.20%, 6/7/2034 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco de Credito del Peru SA 5 yr. <br> CMT + 2.45%, 3.25%, <br> 9/30/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1577168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Internacional del Peru SAA <br> Interbank 5 yr. CMT + 2.07%, <br> 6.40%, 4/30/2035 (a) (b),(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1722406 |
| &nbsp;&nbsp;&nbsp;&nbsp; InRetail Consumer 3.25%, <br> 3/22/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1635060 |
| Lima Metro Line 2 Finance Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 4/5/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 711029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 7/5/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1375617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1403776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marcobre SAC 5.75%, 1/22/2036 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193076 |
| Minsur SA 4.50%, 10/28/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1780851 |
| Peru LNG SRL 5.38%, 3/22/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Scotiabank Peru SAA 1 yr. CMT + <br> 2.31%, 6.10%, 10/1/2035 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Volcan Cia Minera SAA 8.50%, <br> 10/28/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508035 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11020103 |
| **SINGAPORE — 4.6%**  | **SINGAPORE — 4.6%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. <br> Ltd. 5 yr. CMT + 1.58%, 4.60%, <br> 6/15/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500677 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. 5 yr. <br> CMT + 1.23%, 2.00%, <br> 10/14/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1611000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589187 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4089864 |
| **SOUTH AFRICA — 1.1%**  | **SOUTH AFRICA — 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Gold Fields Orogen Holdings BVI <br> Ltd. 6.13%, 5/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1019613 |
| **UNITED STATES — 1.0%**  | **UNITED STATES — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. 4.38%, <br> 8/1/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695821 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE EMERGING MARKETS FIXED INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; GCC SAB de CV 3.61%, <br> 4/20/2032<br>| $200000 | &nbsp;&nbsp; $180746 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 876567 |
| **VIETNAM — 0.3%**  | **VIETNAM — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mong Duong Finance Holdings BV <br> 5.13%, 5/7/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284833 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS & NOTES**<br> (Cost $75,589,618) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS & NOTES**<br> (Cost $75,589,618) | &nbsp;&nbsp;&nbsp;&nbsp; 75381533 |
| **FOREIGN GOVERNMENT OBLIGATIONS —** <br> **6.7%**  | **FOREIGN GOVERNMENT OBLIGATIONS —** <br> **6.7%**  |  |
| **BRAZIL — 1.0%**  | **BRAZIL — 1.0%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil Government International <br> Bonds 4.75%, 1/14/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866391 |
| **CHILE — 0.2%**  | **CHILE — 0.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chile Government International <br> Bonds 2.45%, 1/31/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182627 |
| **COLOMBIA — 0.7%**  | **COLOMBIA — 0.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Colombia Government <br> International Bonds:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 5/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 6/15/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143220 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 596333 |
| **DOMINICAN REPUBLIC — 0.3%**  | **DOMINICAN REPUBLIC — 0.3%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominican Republic International <br> Bonds 5.95%, 1/25/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277372 |
| **MEXICO — 1.7%**  | **MEXICO — 1.7%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico Government International <br> Bonds:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 2/12/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 5/4/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743655 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1520722 |
| **MOROCCO — 1.5%**  | **MOROCCO — 1.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Morocco Government International <br> Bonds:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 3/8/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203156 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1313452 |
| **PERU — 0.8%**  | **PERU — 0.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Peru Government International <br> Bonds 2.84%, 6/20/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743416 |
| **TRINIDAD AND TOBAGO — 0.5%**  | **TRINIDAD AND TOBAGO — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trinidad & Tobago Government <br> International Bonds 6.50%, <br> 1/28/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493453 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL FOREIGN GOVERNMENT** <br> **OBLIGATIONS**<br> (Cost $6,727,421) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL FOREIGN GOVERNMENT** <br> **OBLIGATIONS**<br> (Cost $6,727,421) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5993766 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS — 0.0%**  |  |  |
| **NETHERLANDS — 0.0%**  | **NETHERLANDS — 0.0%**  | **NETHERLANDS — 0.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Stichting Administratiekantoor (c) (e)<br> (Cost $0) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485 | &nbsp;&nbsp; $— |
| **SHORT-TERM INVESTMENT — 7.4%**  | **SHORT-TERM INVESTMENT — 7.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (f) (g)<br> (Cost $6,656,918) | 6656918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6656918 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 98.6%** <br> (Cost $88,973,957) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 98.6%** <br> (Cost $88,973,957) | &nbsp;&nbsp;&nbsp;&nbsp; 88032217 |
| **OTHER ASSETS IN EXCESS OF**<br> **LIABILITIES — 1.4%**  | **OTHER ASSETS IN EXCESS OF**<br> **LIABILITIES — 1.4%**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1210728 |
| **NET ASSETS — 100.0%**  | **NET ASSETS — 100.0%**  | &nbsp;&nbsp; $89242945 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 11.0% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on significant unobservable inputs and is classified as Level 3. As of March 31, 2026, total aggregate fair value of the securities is $1,539, representing less than 0.05% of the Fund's net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Security is currently in default and/or issuer is in bankruptcy.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(f) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(g) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than 0.05% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> CMT Constant Maturity Treasury <br> EMTN Euro Medium Term Note

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE EMERGING MARKETS FIXED INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $75379994 | &nbsp;&nbsp; $1539 | &nbsp;&nbsp; $75381533 |
| Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 5993766 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5993766 |
| Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 0<br> (a)<br>| &nbsp;&nbsp; 0 |
| Short-Term Investment | &nbsp;&nbsp; 6656918 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6656918 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $6656918 | &nbsp;&nbsp; $81373760 | &nbsp;&nbsp; $1539 | &nbsp;&nbsp; $88032217 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund held a Level 3 security that was valued at $0 at March 31, 2026.

Industry Breakdown as of March 31, 2026

---

| | |
|:---|:---|
|  | % of Net Assets |
| Electric | 19.2<br> %<br>|
| Banks | 15.1 |
| Mining | 9.0 |
| Transportation | 8.1 |
| Foreign Government Obligations | 6.7 |
| Commercial Services | 6.3 |
| Oil & Gas | 5.8 |
| Pipelines | 4.8 |
| Food | 2.7 |
| Chemicals | 2.3 |
| Construction Materials | 2.1 |
| Oil & Gas Services | 2.0 |
| Iron/Steel | 1.9 |
| Retail | 1.8 |
| Engineering & Construction | 1.6 |
| IT Services | 1.1 |
| Energy-Alternate Sources | 0.7 |
| Telecommunications | 0.0 |
| Investment Company Securities | 0.0 |
| Diversified Financial Services | 0.0 |
| Financials | 0.0 |
| Short-Term Investment | 7.4 |
| Other Assets in Excess of Liabilities | 1.4 |
| TOTAL | 100.0<br> %<br>|

---

(The Fund's industry breakdown is expressed as a percentage of net assets and may change over time.)

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br> Class G Shares<br>| 3392157 | $3392157 | $62939033 | $59674272 | $— | $— | 6656918 | $6656918 | $62370 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **CORPORATE BONDS & NOTES — 21.7%**  | **CORPORATE BONDS & NOTES — 21.7%**  | **CORPORATE BONDS & NOTES — 21.7%**  |
| **AEROSPACE & DEFENSE — 0.4%**  | **AEROSPACE & DEFENSE — 0.4%**  | **AEROSPACE & DEFENSE — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Northrop Grumman Corp. <br> 4.65%, 7/15/2030<br>| $824000 | &nbsp;&nbsp; $828590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northrop Grumman Systems <br> Corp. <br> 7.75%, 2/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746961 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1575551 |
| **AGRICULTURE — 0.6%**  | **AGRICULTURE — 0.6%**  | **AGRICULTURE — 0.6%**  |
| Altria Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 8/6/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121001 |
| &nbsp;&nbsp;&nbsp;&nbsp; BAT Capital Corp. <br> 4.91%, 4/2/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23246 |
| &nbsp;&nbsp;&nbsp;&nbsp; BAT International Finance PLC <br> 5.93%, 2/2/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. <br> 4.20%, 9/17/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363385 |
| &nbsp;&nbsp;&nbsp;&nbsp; Imperial Brands Finance PLC <br> 5.50%, 2/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1269000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1301410 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2376283 |
| **AIRLINES — 0.2%**  | **AIRLINES — 0.2%**  | **AIRLINES — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. <br> 4.95%, 7/10/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 825000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827937 |
| **AUTO MANUFACTURERS — 0.3%**  | **AUTO MANUFACTURERS — 0.3%**  | **AUTO MANUFACTURERS — 0.3%**  |
| Hyundai Capital America: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 9/26/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 604056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 6/24/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763792 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1367848 |
| **BANKS — 2.8%**  | **BANKS — 2.8%**  | **BANKS — 2.8%**  |
| Bank of America Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, 3 mo. USD Term <br> SOFR + 1.32%, 3.56%, <br> 4/23/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.83%, 4.98%, <br> 1/24/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of <br> Commerce<br> SOFR + 0.60%, 4.24%, <br> 9/8/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1159000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1156346 |
| Citigroup, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.34%, 4.54%, <br> 9/19/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1036422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.87%, 4.79%, <br> 3/4/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450294 |
| Goldman Sachs Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.90%, 4.15%, <br> 10/21/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.96%, 4.52%, <br> 1/21/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190109 |
| JPMorgan Chase & Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.92%, 4.59%, <br> 4/22/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 855000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 856795 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 0.80%, 4.92%, <br> 1/24/2029 (b)<br>| $600000 | &nbsp;&nbsp; $605484 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp.<br> Series MTN, SOFR + 0.93%, <br> 4.83%, 1/16/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Bank of Canada<br> Series GMTN, SOFR + <br> 0.86%, 4.53%, 10/18/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Societe Generale SA <br> 3.00%, 1/22/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1302622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp.<br> Series MTN, SOFR + 2.45%, <br> 7.16%, 10/30/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1375860 |
| Wells Fargo & Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series MTN, SOFR + 1.07%, <br> 4.74%, 4/22/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 756000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.50%, 5.15%, <br> 4/23/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.79%, 6.30%, <br> 10/23/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371930 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11079310 |
| **BIOTECHNOLOGY — 0.7%**  | **BIOTECHNOLOGY — 0.7%**  | **BIOTECHNOLOGY — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. <br> 4.20%, 2/19/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 957000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 943535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biogen, Inc. <br> 5.05%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 773163 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illumina, Inc. <br> 4.65%, 9/9/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royalty Pharma PLC <br> 4.45%, 3/25/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 923107 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2949873 |
| **COMMERCIAL SERVICES — 1.1%**  | **COMMERCIAL SERVICES — 1.1%**  | **COMMERCIAL SERVICES — 1.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Element Fleet Management <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.64%, 11/24/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 3/25/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1486000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1500236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equifax, Inc. <br> 4.80%, 9/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 451000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453733 |
| Global Payments, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 8/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quanta Services, Inc. <br> 4.50%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 451460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Triton Container International <br> Ltd. <br> 3.15%, 6/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1124928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. <br> 4.45%, 3/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126851 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4266148 |
| **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  | **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  | **CONSTRUCTION MATERIALS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Amrize Finance U.S. LLC <br> 4.70%, 4/7/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15080 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **DIVERSIFIED FINANCIAL SERVICES — 1.7%**  | **DIVERSIFIED FINANCIAL SERVICES — 1.7%**  | **DIVERSIFIED FINANCIAL SERVICES — 1.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital <br> DAC/AerCap Global Aviation <br> Trust <br> 5.75%, 6/6/2028<br>| $686000 | &nbsp;&nbsp; $702450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland <br> DAC <br> 5.25%, 3/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630775 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co.<br> SOFR + 1.26%, 4.73%, <br> 4/25/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1191590 |
| Aviation Capital Group LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/24/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 4/15/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avilease Capital Ltd. <br> 4.75%, 11/12/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634957 |
| Avolon Holdings Funding Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 5/30/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 5/4/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles Schwab Corp.<br> SOFR + 0.94%, 4.34%, <br> 11/14/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 943000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932702 |
| &nbsp;&nbsp;&nbsp;&nbsp; LPL Holdings, Inc. <br> 4.63%, 11/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456647 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6931500 |
| **ELECTRIC — 1.8%**  | **ELECTRIC — 1.8%**  | **ELECTRIC — 1.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., <br> Inc. <br> 5.20%, 1/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1018848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. <br> 4.55%, 1/31/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 783000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 774951 |
| &nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. <br> 5.40%, 6/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Energy <br> Generation LLC <br> 3.90%, 1/8/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 659033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. <br> 5.00%, 6/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444242 |
| &nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co. <br> 5.20%, 4/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 452862 |
| &nbsp;&nbsp;&nbsp;&nbsp; ENEL Finance International NV <br> 4.38%, 9/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evergy Kansas Central, Inc. <br> 4.70%, 3/13/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 756000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evergy, Inc. <br> 4.25%, 3/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exelon Corp. <br> 5.15%, 3/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466195 |
| &nbsp;&nbsp;&nbsp;&nbsp; FirstEnergy Transmission LLC <br> 4.55%, 1/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Niagara Mohawk Power Corp. <br> 4.65%, 10/3/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 767000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp. <br> 4.90%, 5/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Service Enterprise Group, <br> Inc. <br> 5.88%, 10/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 717000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740059 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Power Co.<br> Series A, 4.25%, 10/1/2030<br>| $310000 | &nbsp;&nbsp; $305713 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7209404 |
| **ELECTRICAL COMPONENTS & EQUIPMENT — 0.1%**  | **ELECTRICAL COMPONENTS & EQUIPMENT — 0.1%**  | **ELECTRICAL COMPONENTS & EQUIPMENT — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Molex Electronic <br> Technologies LLC <br> 4.75%, 4/30/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416677 |
| **ELECTRONICS — 0.1%**  | **ELECTRONICS — 0.1%**  | **ELECTRONICS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arrow Electronics, Inc. <br> 5.15%, 8/21/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530192 |
| **ENGINEERING & CONSTRUCTION — 0.3%**  | **ENGINEERING & CONSTRUCTION — 0.3%**  | **ENGINEERING & CONSTRUCTION — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Jacobs Solutions, Inc. <br> 4.75%, 3/3/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427850 |
| &nbsp;&nbsp;&nbsp;&nbsp; MasTec, Inc. <br> 4.50%, 8/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 778721 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1206571 |
| **ENVIRONMENTAL CONTROL — 0.2%**  | **ENVIRONMENTAL CONTROL — 0.2%**  | **ENVIRONMENTAL CONTROL — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Republic Services, Inc. <br> 4.75%, 7/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763864 |
| **FOOD — 0.3%**  | **FOOD — 0.3%**  | **FOOD — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mars, Inc. <br> 4.80%, 3/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 931000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sysco Corp. <br> 5.10%, 9/23/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383002 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1323722 |
| **FOREST PRODUCTS & PAPER — 0.2%**  | **FOREST PRODUCTS & PAPER — 0.2%**  | **FOREST PRODUCTS & PAPER — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Suzano Austria GmbH <br> 3.75%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 899985 |
| **GAS — 0.3%**  | **GAS — 0.3%**  | **GAS — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; National Fuel Gas Co. <br> 5.50%, 3/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 367458 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. <br> 5.20%, 7/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 742000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 757144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. Gas Capital Corp.<br> Series A, 4.05%, 9/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120071 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1244673 |
| **HEALTH CARE PRODUCTS — 0.5%**  | **HEALTH CARE PRODUCTS — 0.5%**  | **HEALTH CARE PRODUCTS — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Augusta SpinCo Corp. <br> 4.40%, 3/23/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276214 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE HealthCare Technologies, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 8/14/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1006000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1015084 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1820732 |
| **HEALTH CARE SERVICES — 0.5%**  | **HEALTH CARE SERVICES — 0.5%**  | **HEALTH CARE SERVICES — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Laboratory Corp. of America <br> Holdings:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 6/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1028000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 4/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. <br> 4.20%, 6/30/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 424000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421465 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1921748 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **HOME BUILDERS — 0.1%**  | **HOME BUILDERS — 0.1%**  | **HOME BUILDERS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp. <br> 5.13%, 6/6/2027<br>| $325000 | &nbsp;&nbsp; $325933 |
| **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  | **HOUSEHOLD PRODUCTS & WARES — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Avery Dennison Corp. <br> 4.88%, 12/6/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68674 |
| **INSURANCE — 0.5%**  | **INSURANCE — 0.5%**  | **INSURANCE — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; American National Global <br> Funding <br> 4.88%, 1/23/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399913 |
| Athene Global Funding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 10/8/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 7/17/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 734894 |
| Brown & Brown, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 3/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 6/23/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95289 |
| &nbsp;&nbsp;&nbsp;&nbsp; New York Life Global Funding <br> 4.70%, 1/29/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progressive Corp. <br> 4.60%, 3/26/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386791 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2175193 |
| **INTERNET — 0.3%**  | **INTERNET — 0.3%**  | **INTERNET — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Airbnb, Inc. <br> 4.40%, 3/16/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203716 |
| &nbsp;&nbsp;&nbsp;&nbsp; AppLovin Corp. <br> 5.13%, 12/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc. <br> 4.15%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396991 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000665 |
| **IRON/STEEL — 0.5%**  | **IRON/STEEL — 0.5%**  | **IRON/STEEL — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ArcelorMittal SA <br> 4.25%, 7/16/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 947329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vale Overseas Ltd. <br> 3.75%, 7/8/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 904572 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1851901 |
| **IT SERVICES — 0.5%**  | **IT SERVICES — 0.5%**  | **IT SERVICES — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dell International LLC/EMC <br> Corp. <br> 4.50%, 2/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 636344 |
| Hewlett Packard Enterprise Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 9/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 836744 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2020964 |
| **LEISURE TIME — 0.2%**  | **LEISURE TIME — 0.2%**  | **LEISURE TIME — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. <br> 5.63%, 9/30/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 911000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920748 |
| **LODGING — 0.1%**  | **LODGING — 0.1%**  | **LODGING — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Marriott International, Inc. <br> 4.80%, 3/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 553000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557700 |
| **MACHINERY-DIVERSIFIED — 0.5%**  | **MACHINERY-DIVERSIFIED — 0.5%**  | **MACHINERY-DIVERSIFIED — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; CNH Industrial Capital LLC <br> 4.50%, 10/16/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 936000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 924628 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. <br> 4.90%, 5/29/2030<br>| $919000 | &nbsp;&nbsp; $928640 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1853268 |
| **MINING — 0.1%**  | **MINING — 0.1%**  | **MINING — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Rio Tinto Finance USA PLC <br> 4.88%, 3/14/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 523000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531018 |
| **MISCELLANEOUS MANUFACTURER — 0.0%** <sup>\*</sup>  | **MISCELLANEOUS MANUFACTURER — 0.0%** <sup>\*</sup>  | **MISCELLANEOUS MANUFACTURER — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Textron, Inc. <br> 3.90%, 9/17/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171223 |
| **OIL & GAS — 0.5%**  | **OIL & GAS — 0.5%**  | **OIL & GAS — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; APA Corp. <br> 4.25%, 1/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 963000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 947053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cenovus Energy, Inc. <br> 4.65%, 3/20/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 937000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Devon Energy Corp. <br> 5.25%, 10/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80988 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1958782 |
| **PACKAGING & CONTAINERS — 0.1%**  | **PACKAGING & CONTAINERS — 0.1%**  | **PACKAGING & CONTAINERS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sonoco Products Co. <br> 4.45%, 9/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288951 |
| **PHARMACEUTICALS — 0.2%**  | **PHARMACEUTICALS — 0.2%**  | **PHARMACEUTICALS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. <br> 4.88%, 3/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cardinal Health, Inc. <br> 5.13%, 2/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369243 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 661854 |
| **PIPELINES — 1.7%**  | **PIPELINES — 1.7%**  | **PIPELINES — 1.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Boardwalk Pipelines LP <br> 4.45%, 7/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheniere Energy Partners LP <br> 4.50%, 10/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 758000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753437 |
| &nbsp;&nbsp;&nbsp;&nbsp; DCP Midstream Operating LP <br> 5.13%, 5/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96506 |
| &nbsp;&nbsp;&nbsp;&nbsp; DT Midstream, Inc. <br> 4.13%, 6/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. <br> 6.00%, 11/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP <br> 6.05%, 12/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 861000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 869111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. <br> 5.00%, 2/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 352000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357467 |
| &nbsp;&nbsp;&nbsp;&nbsp; MPLX LP <br> 4.80%, 2/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 757000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763442 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGPL PipeCo LLC <br> 4.88%, 8/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Corp. <br> 4.35%, 4/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 948000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 928196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources <br> Partners LP/Targa Resources <br> Partners Finance Corp. <br> 5.50%, 3/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545368 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Midstream <br> Operating LP:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 2/1/2030 | $519000 | &nbsp;&nbsp; $504312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 1/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. <br> 4.80%, 11/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531260 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6627166 |
| **REAL ESTATE INVESTMENT TRUSTS — 2.1%**  | **REAL ESTATE INVESTMENT TRUSTS — 2.1%**  | **REAL ESTATE INVESTMENT TRUSTS — 2.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Agree LP <br> 2.90%, 10/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435265 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. <br> 4.90%, 3/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1482000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1494671 |
| &nbsp;&nbsp;&nbsp;&nbsp; CubeSmart LP <br> 4.38%, 2/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1527000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1517212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equinix Europe 2 Financing <br> Corp. LLC <br> 4.60%, 11/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 821000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 813201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essential Properties LP <br> 2.95%, 7/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776929 |
| &nbsp;&nbsp;&nbsp;&nbsp; Extra Space Storage LP <br> 5.50%, 7/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1551000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1591357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omega Healthcare Investors, <br> Inc. <br> 4.75%, 1/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips Edison Grocery Center <br> Operating Partnership I LP <br> 2.63%, 11/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 784482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Store Capital LLC <br> 4.95%, 2/11/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 778610 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8574903 |
| **RETAIL — 0.3%**  | **RETAIL — 0.3%**  | **RETAIL — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. <br> 4.35%, 10/15/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ferguson Enterprises, Inc. <br> 4.35%, 3/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 938000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 922842 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1131353 |
| **SEMICONDUCTORS — 0.2%**  | **SEMICONDUCTORS — 0.2%**  | **SEMICONDUCTORS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom, Inc. <br> 4.35%, 2/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257144 |
| Marvell Technology, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 7/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 2/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272279 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 885605 |
| **SOFTWARE — 0.5%**  | **SOFTWARE — 0.5%**  | **SOFTWARE — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlassian Corp. <br> 5.25%, 5/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 296897 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fiserv, Inc. <br> 4.75%, 3/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1007000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex, Inc. <br> 5.10%, 4/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies, Inc. <br> 4.25%, 9/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205855 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1830924 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **TELECOMMUNICATIONS — 0.4%**  | **TELECOMMUNICATIONS — 0.4%**  | **TELECOMMUNICATIONS — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. <br> 3.50%, 4/15/2031<br>| $1695000 | &nbsp;&nbsp; $1604538 |
| **TRANSPORTATION — 0.5%**  | **TRANSPORTATION — 0.5%**  | **TRANSPORTATION — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Pacific Railway Co. <br> 4.80%, 3/30/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 893799 |
| &nbsp;&nbsp;&nbsp;&nbsp; Penske Truck Leasing Co. <br> LP/PTL Finance Corp. <br> 5.25%, 2/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 854000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ryder System, Inc. <br> 4.30%, 12/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353927 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2114331 |
| **TRUCKING & LEASING — 0.2%**  | **TRUCKING & LEASING — 0.2%**  | **TRUCKING & LEASING — 0.2%**  |
| GATX Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 6/30/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 4/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433896 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665504 |
| **WATER — 0.1%**  | **WATER — 0.1%**  | **WATER — 0.1%**  |
| Essential Utilities, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 5/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 8/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300103 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309821 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS &** <br> **NOTES**<br> (Cost $87,170,770)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 86858117 |
| **ASSET-BACKED SECURITIES** <br> **— 15.7%** <br>|  |  |
| **AUTOMOBILE — 1.8%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ally Auto Receivables Trust<br> Series 2024-2, Class A3, <br> 4.14%, 7/16/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729655 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Credit Acceptance <br> Receivables Trust<br> Series 2025-3, Class A, <br> 4.73%, 1/12/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1239264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1240819 |
| &nbsp;&nbsp;&nbsp;&nbsp; AmeriCredit Automobile <br> Receivables Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class A1, <br> 3.99%, 3/18/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class A2, <br> 4.03%, 4/18/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949644 |
| &nbsp;&nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust<br> Series 2026-1, Class A3, <br> 4.04%, 3/17/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896287 |
| Carvana Auto Receivables Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-N4, Class D, <br> 2.30%, 9/11/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 853698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 837838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-P3, Class A4, <br> 4.31%, 9/10/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chase Auto Owner Trust<br> Series 2024-5A, Class A4, <br> 4.15%, 3/25/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525551 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Exeter Select Automobile <br> Receivables Trust<br> Series 2025-1, Class A2, <br> 4.83%, 10/16/2028<br>| $351607 | &nbsp;&nbsp; $352033 |
| &nbsp;&nbsp;&nbsp;&nbsp; GLS Auto Receivables Issuer <br> Trust<br> Series 2025-1A, Class C, <br> 5.07%, 11/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 552897 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7333932 |
| **CREDIT CARD — 0.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Avant Credit Card Master Trust<br> Series 2025-1A, Class A, <br> 4.89%, 4/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 627000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623366 |
| **HOME EQUITY ABS — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Credit-Based Asset Servicing & <br> Securitization LLC<br> Series 2004-CB7, Class M1, 1 <br> mo. USD Term SOFR + <br> 1.12%, 3.60%, 10/25/2034 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Washington Mutural <br> Asset-Backed Certificates <br> WMABS Trust<br> Series 2006-HE5, Class 2A2, <br> 1 mo. USD Term SOFR + <br> 0.47%, 4.15%, 10/25/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81274 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440932 |
| **OTHER ABS — 13.5%**  |  |  |
| ACHV ABS Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2PL, Class B, <br> 5.43%, 10/27/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3AL, Class A, <br> 5.01%, 12/26/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2PL, Class A, <br> 5.07%, 10/27/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37244 |
| Affirm Asset Securitization Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-X2, Class A, <br> 4.45%, 10/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-X1, Class A, <br> 5.08%, 4/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42701 |
| Affirm Master Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, <br> 5.13%, 2/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, <br> 5.28%, 2/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aligned Data Centers Issuer LLC<br> Series 2021-1A, Class A2, <br> 1.94%, 8/15/2046 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494954 |
| Avant Loans Funding Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-REV1, Class A, <br> 5.92%, 10/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-REV1, Class A, <br> 5.12%, 5/15/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-REV1, Class B, <br> 5.42%, 5/15/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250287 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Bain Capital Credit CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class AR, 3 <br> mo. USD Term SOFR + <br> 1.06%, 4.73%, 7/24/2034 <br> (a) (b)<br>| $1000000 | &nbsp;&nbsp; $997521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-6A, Class A1R, 3 <br> mo. USD Term SOFR + <br> 1.37%, 5.04%, 1/22/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO 46 <br> Ltd.<br> Series 2025-46A, Class A, 3 <br> mo. USD Term SOFR + <br> 1.21%, 4.88%, 1/25/2039 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1996062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO <br> XXXII Ltd.<br> Series 2023-32A, Class AR, 3 <br> mo. USD Term SOFR + <br> 1.21%, 4.88%, 10/25/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bridge Street CLO V Ltd.<br> Series 2025-1A, Class A1, 3 <br> mo. USD Term SOFR + <br> 1.22%, 4.89%, 4/20/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998520 |
| Carlyle U.S. CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-9A, Class AR, 3 <br> mo. USD Term SOFR + <br> 1.11%, 4.78%, 10/20/2034 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-3A, Class A1R2, <br> 3 mo. USD Term SOFR + <br> 1.40%, 5.07%, 10/21/2037 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500350 |
| &nbsp;&nbsp;&nbsp;&nbsp; CarVal CLO IX-C Ltd.<br> Series 2024-1A, Class A, 3 <br> mo. USD Term SOFR + <br> 1.68%, 5.35%, 4/20/2037 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500167 |
| CIFC Funding Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-4A, Class AR, 3 <br> mo. USD Term SOFR + <br> 1.09%, 4.76%, 7/16/2035 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1048425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-3A, Class A1R2, <br> 3 mo. USD Term SOFR + <br> 1.21%, 4.88%, 10/20/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-5A, Class A1R, 3 <br> mo. USD Term SOFR + <br> 1.26%, 4.93%, 1/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998584 |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbia Cent CLO 31 Ltd.<br> Series 2021-31A, Class A1R, <br> 3 mo. USD Term SOFR + <br> 1.10%, 4.77%, 4/20/2034 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997203 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Compass Datacenters Issuer <br> III LLC<br> Series 2025-1A, Class A3, <br> 5.85%, 2/25/2050 (a)<br>| $800000 | &nbsp;&nbsp; $797894 |
| &nbsp;&nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I <br> LLC<br> Series 2024-2A, Class A2, <br> 4.50%, 5/20/2049 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 680787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Domino's Pizza Master <br> Issuer LLC<br> Series 2017-1A, Class A23, <br> 4.12%, 7/25/2047 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 846000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flatiron CLO 31 Ltd.<br> Series 2025-31A, Class X, 3 <br> mo. USD Term SOFR + <br> 0.85%, 4.55%, 1/18/2039 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999955 |
| &nbsp;&nbsp;&nbsp;&nbsp; GreenSky Home Improvement <br> Issuer Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3A, Class A1, <br> 4.34%, 12/27/2060 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A4, <br> 4.89%, 6/25/2060 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A4, <br> 5.22%, 3/25/2060 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244688 |
| KREF Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL2, Class AS, 1 <br> mo. USD Term SOFR + <br> 1.41%, 5.09%, 2/15/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-FL3, Class A, 1 <br> mo. USD Term SOFR + <br> 1.45%, 5.13%, 2/17/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81046 |
| LoanCore Issuer Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-CRE6, Class A, 1 <br> mo. USD Term SOFR + <br> 1.41%, 5.09%, 11/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-CRE7, Class A, <br> 30 day USD SOFR Average <br> + 1.55%, 5.22%, 1/17/2037 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85489 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loanpal Solar Loan Ltd.<br> Series 2021-1GS, Class A, <br> 2.29%, 1/20/2048 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lunar Structured Aircraft <br> Portfolio Notes<br> Series 2021-1, Class A, <br> 2.64%, 10/15/2046 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 702087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding LXIII Ltd.<br> Series 2023-63A, Class A1R, <br> 3 mo. USD Term SOFR + <br> 1.40%, 5.07%, 7/21/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2002000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnetite XXXV Ltd.<br> Series 2022-35A, <br> Class A1RR, 3 mo. USD Term <br> SOFR + 1.20%, 4.92%, <br> 1/25/2039 (a) (b)<br>| $2000000 | &nbsp;&nbsp; $1996600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mariner Finance Issuance Trust<br> Series 2025-AA, Class B, <br> 5.33%, 5/20/2038 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302828 |
| &nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd.<br> Series 2024-31A, Class AR, 3 <br> mo. USD Term SOFR + <br> 1.15%, 4.82%, 4/20/2039 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Octagon Investment Partners 51 <br> Ltd.<br> Series 2021-1A, Class AR, 3 <br> mo. USD Term SOFR + <br> 0.99%, 4.66%, 7/20/2034 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998000 |
| &nbsp;&nbsp;&nbsp;&nbsp; OHA Credit Funding 7 Ltd.<br> Series 2020-7A, Class A1R2, <br> 3 mo. USD Term SOFR + <br> 1.28%, 4.95%, 7/19/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001800 |
| Pagaya AI Debt Grantor Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-7, Class A1, <br> 4.27%, 11/16/2026 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class B, <br> 5.63%, 7/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peace Park CLO Ltd.<br> Series 2021-1A, Class AR, 3 <br> mo. USD Term SOFR + <br> 1.25%, 4.92%, 10/20/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998500 |
| Reach ABS Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1A, Class A, <br> 4.32%, 2/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 786587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 786764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, <br> 4.96%, 8/16/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retained Vantage Data Centers <br> Issuer LLC<br> Series 2023-1A, Class A2A, <br> 5.00%, 9/15/2048 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 746239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower CLO Ltd.<br> Series 2024-1A, Class A1, 3 <br> mo. USD Term SOFR + <br> 1.61%, 5.28%, 4/20/2037 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000153 |
| &nbsp;&nbsp;&nbsp;&nbsp; RR 34 Ltd.<br> Series 2024-34RA, <br> Class A1R, 3 mo. USD Term <br> SOFR + 1.35%, 5.02%, <br> 10/15/2039 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600360 |
| &nbsp;&nbsp;&nbsp;&nbsp; RR 8 Ltd.<br> Series 2020-8A, Class A1A2, <br> 3 mo. USD Term SOFR + <br> 1.23%, 4.90%, 1/15/2039 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1997204 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sierra Timeshare Receivables <br> Funding LLC<br> Series 2026-1A, Class A, <br> 4.56%, 12/22/2042 (a)<br>| $1000000 | &nbsp;&nbsp; $996138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Slam Ltd.<br> Series 2024-1A, Class A, <br> 5.34%, 9/15/2049 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314761 |
| &nbsp;&nbsp;&nbsp;&nbsp; SoFi Consumer Loan Program <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class A, <br> 4.06%, 12/26/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1210465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1208604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class A, <br> 4.47%, 8/15/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class B, <br> 4.60%, 8/25/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class B, <br> 4.67%, 8/15/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 549778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class A, <br> 4.80%, 2/27/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2, Class B, <br> 4.97%, 6/25/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class B, <br> 5.12%, 2/27/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755396 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO Ltd.<br> Series 2019-2A, Class ARR, 3 <br> mo. USD Term SOFR + <br> 1.00%, 4.67%, 7/15/2032 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Storm King Park CLO Ltd.<br> Series 2022-1A, Class AR, 3 <br> mo. USD Term SOFR + <br> 1.36%, 5.03%, 10/15/2037 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switch ABS Issuer LLC<br> Series 2026-1A, Class A21, <br> 5.61%, 3/27/2056 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tesla Sustainable Energy Trust<br> Series 2024-1A, Class A2, <br> 5.08%, 6/21/2050 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trestles CLO VI Ltd.<br> Series 2023-6A, Class A1R, 3 <br> mo. USD Term SOFR + <br> 1.18%, 4.85%, 4/25/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unity-Peace Park CLO Ltd.<br> Series 2022-1A, Class A1R, 3 <br> mo. USD Term SOFR + <br> 1.06%, 4.72%, 4/20/2035 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Upgrade Master Pass-Thru <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-ST4, Class A, <br> 5.50%, 8/16/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 716301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-ST2, Class A, <br> 6.11%, 6/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326438 |
| Upstart Securitization Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class A2, <br> 4.30%, 3/20/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748015 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class A1, <br> 4.34%, 11/20/2026 (a)<br>| $116153 | &nbsp;&nbsp; $116142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class A2, <br> 4.60%, 9/20/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1322437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1323129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class B, <br> 5.02%, 9/20/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 645534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class A, <br> 5.45%, 4/20/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 874567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875425 |
| Voya CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A1R, 3 <br> mo. USD Term SOFR + <br> 1.21%, 4.88%, 1/20/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A1, 3 <br> mo. USD Term SOFR + <br> 1.52%, 5.19%, 4/15/2037 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warwick Capital CLO 1 Ltd.<br> Series 2023-1A, Class AR, 3 <br> mo. USD Term SOFR + <br> 1.28%, 4.95%, 10/20/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2495037 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wellington Management CLO 4 <br> Ltd.<br> Series 2025-4A, Class A, 3 <br> mo. USD Term SOFR + <br> 1.15%, 4.82%, 4/18/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997571 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 53822215 |
| **STUDENT LOAN ABS — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commonbond Student Loan <br> Trust<br> Series 2018-BGS, Class B, <br> 3.99%, 9/25/2045 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refi <br> Loan Trust<br> Series 2022-A, Class A, <br> 2.23%, 7/15/2070 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171500 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221982 |
| **WL COLLATERAL CMO —** <br> **0.0%** <sup>\*</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; VOLT C LLC<br> Series 2021-NPL9, Class A1, <br> 5.99%, 5/25/2051 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102959 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED** <br> **SECURITIES**<br> (Cost $62,666,943)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 62545386 |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS** <br> **— 8.9%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS** <br> **— 8.9%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 6/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 8/1/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 821971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 7/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 544320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 2/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594470 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp. REMICS:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4981, Class GF, 30 day <br> USD SOFR Average + <br> 0.51%, 4.18%, 6/25/2050 <br> (b)<br>| $711546 | &nbsp;&nbsp; $700056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5646, Class FB, 30 day <br> USD SOFR Average + <br> 1.00%, 4.70%, 6/25/2055 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 797846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5646, Class FG, 30 day <br> USD SOFR Average + <br> 1.10%, 4.80%, 6/25/2055 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2003341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5650, Class CF, 30 day <br> USD SOFR Average + <br> 1.25%, 4.91%, 4/25/2056 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 4461, Class BA, CMO, <br> 2.00%, 12/15/2043<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5179, Class GD, CMO, <br> 2.00%, 12/25/2047<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5473, Class DF, CMO, <br> 30 day USD SOFR Average <br> + 1.15%, 4.81%, <br> 11/25/2054 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5512, Class FA, CMO, <br> 30 day USD SOFR Average <br> + 0.90%, 4.56%, 3/25/2055 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1791944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5596, Class FH, CMO, <br> 30 day USD SOFR Average <br> + 1.20%, 4.86%, <br> 11/25/2055 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1271960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1270632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5598, Class DF, CMO, <br> 30 day USD SOFR Average <br> + 1.25%, 4.91%, <br> 11/25/2055 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 879477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 879953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5614, Class FA, CMO, <br> 30 day USD SOFR Average <br> + 1.15%, 4.81%, <br> 11/25/2054 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 803831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp. STACR REMICS Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA1, Class M1, <br> 30 day USD SOFR Average <br> + 1.25%, 4.91%, 3/25/2044 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA1, Class M1, <br> CMO, 30 day USD SOFR <br> Average + 1.05%, 4.71%, <br> 1/25/2045 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-HQA1, Class A1, <br> CMO, 30 day USD SOFR <br> Average + 0.95%, 4.61%, <br> 2/25/2045 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1190292 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-DNA2, Class M1, <br> CMO, 30 day USD SOFR <br> Average + 1.20%, 4.87%, <br> 3/25/2046 (a) (b)<br>| $2500000 | &nbsp;&nbsp; $2496702 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage <br> Association:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 335832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 8/1/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 8/1/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 845519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 854668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 1/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2028425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2048392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 2/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/1/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 917203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 923486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal National Mortgage <br> Association REMICS:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2008-9, Class FA, 30 <br> day USD SOFR Average + <br> 0.61%, 4.28%, 2/25/2038 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-83, Class FK, 30 <br> day USD SOFR Average + <br> 0.61%, 4.28%, 11/25/2046 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 601732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-21, Class FC, 30 <br> day USD SOFR Average + <br> 1.25%, 4.92%, 7/25/2054 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2834715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-68, Class FB, <br> CMO, 30 day USD SOFR <br> Average + 0.87%, 4.53%, <br> 10/25/2052 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-15, Class FQ, <br> CMO, 30 day USD SOFR <br> Average + 1.20%, 4.86%, <br> 4/25/2055 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 498753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-27, Class QF, <br> CMO, 30 day USD SOFR <br> Average + 1.15%, 4.82%, <br> 4/25/2056 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 853650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2010-141, Class FB, <br> CMO, REMIC, 30 day USD <br> SOFR Average + 0.58%, <br> 4.25%, 12/25/2040 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-8, Class FA, <br> CMO, REMIC, 30 day USD <br> SOFR Average + 0.56%, <br> 4.23%, 3/25/2046 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-27, Class FJ, <br> CMO, REMIC, 30 day USD <br> SOFR Average + 0.41%, <br> 4.08%, 12/25/2047 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-45, Class FA, <br> CMO, REMIC, 30 day USD <br> SOFR Average + 0.41%, <br> 4.08%, 6/25/2048 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125750 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage <br> Association REMICS:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-196, Class QF, <br> CMO, 30 day USD SOFR <br> Average + 1.15%, 4.82%, <br> 11/20/2055 (b)<br>| $937640 | &nbsp;&nbsp; $941120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-205, Class FD, <br> CMO, 30 day USD SOFR <br> Average + 1.15%, 4.82%, <br> 11/20/2055 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1598063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-207, Class FA, <br> CMO, 30 day USD SOFR <br> Average + 1.20%, 4.87%, <br> 9/20/2054 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1233888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1235957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-211, Class FD, <br> CMO, 30 day USD SOFR <br> Average + 1.10%, 4.77%, <br> 12/20/2055 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1244416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1248253 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL U.S. GOVERNMENT** <br> **AGENCY OBLIGATIONS**<br> (Cost $35,587,882)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 35516310 |
| **U.S. TREASURY** <br> **OBLIGATIONS — 26.3%** <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Inflation-Indexed <br> Bonds 2.38%, 1/15/2027 <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 677313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689563 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Inflation-Indexed <br> Notes:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 4/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1002083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 996701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 10/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513119 |
| U.S. Treasury Notes: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 6/30/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 18060000 | &nbsp;&nbsp;&nbsp;&nbsp; 17337600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 3/31/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2910000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 1/31/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 32500000 | &nbsp;&nbsp;&nbsp;&nbsp; 30740430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 9/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4929492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 11/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8106258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/31/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 39000000 | &nbsp;&nbsp;&nbsp;&nbsp; 38797383 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY** <br> **OBLIGATIONS**<br> (Cost $105,281,613)<br>|  | &nbsp;&nbsp;&nbsp; 105020546 |
| **MORTGAGE-BACKED SECURITIES — 10.1%**  | **MORTGAGE-BACKED SECURITIES — 10.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Barclays Mortgage Loan Trust <br> Series 2025-NQM3, Class A3, <br> CMO, 5.95%, 5/25/2065 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1725888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1734181 |
| &nbsp;&nbsp;&nbsp;&nbsp; BCCJ76LX3 5.10%, 4/30/2056 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925000 |
| &nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2021-RISE, <br> Class B, 1 mo. USD Term <br> SOFR + 1.36%, 5.04%, <br> 11/15/2036 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup Mortgage Loan Trust, <br> Inc. Series 2007-AR8, Class <br> 2A1A, CMO, 4.97%, <br> 7/25/2037 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2386969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1932463 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; COLT Mortgage Loan Trust <br> Series 2025-12, Class A3, <br> CMO, 5.39%, 1/26/2071 (a) <br> (c)<br>| $2487500 | &nbsp;&nbsp; $2475898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Countrywide Alternative Loan <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-J7, Class 1A3, <br> 6.25%, 11/25/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2006-41CB, Class 1A3, <br> CMO, 6.00%, 1/25/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ellington Financial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, Class A2, <br> CMO, 5.06%, 2/25/2071 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 987192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM1, Class A3, <br> CMO, 5.11%, 2/25/2071 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 987192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 976610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM3, Class A3, <br> CMO, 5.38%, 3/25/2071 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 993892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A3, <br> CMO, VRN, 5.95%, <br> 6/25/2070 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 664494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Great Wolf Trust Series <br> 2024-WOLF, Class A, 1 mo. <br> USD Term SOFR + 1.54%, <br> 5.21%, 3/15/2039 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199629 |
| &nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, <br> CMO, 5.65%, 6/25/2065 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A3, <br> CMO, 5.90%, 6/25/2065 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 455591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A3, <br> CMO, 5.42%, 7/25/2065 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 877460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 873287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM2, Class A2, <br> CMO, 5.19%, 11/25/2061 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 972056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-NQM2, Class A3, <br> CMO, 5.34%, 11/25/2061 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970479 |
| JP Morgan Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM1, Class A3, <br> CMO, 5.97%, 6/25/2065 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 834866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 837887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM4, Class A3, <br> CMO, 5.26%, 3/25/2066 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460378 |
| Legacy Mortgage Asset Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-GS1, Class A1, <br> 5.89%, 10/25/2066 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-GS2, Class A1, <br> 5.75%, 4/25/2061 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232536 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; LoanCore Issuer LLC Series <br> 2025-CRE9, Class A, 1 mo. <br> USD Term SOFR + 1.45%, <br> 5.13%, 8/18/2042 (a) (b)<br>| $450000 | &nbsp;&nbsp; $449416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Luminent Mortgage Trust Series <br> 2007-1, Class 1A1, CMO, 1 <br> mo. USD Term SOFR + <br> 0.43%, 4.11%, 11/25/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1937891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750903 |
| MFA Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-NQM3, Class A1, <br> 6.62%, 7/25/2068 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM4, Class A3, <br> CMO, 5.69%, 8/25/2070 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1870532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1866752 |
| OBX Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-NQM10, <br> Class A1, 6.47%, <br> 10/25/2063 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NQM16, <br> Class A1, CMO, 5.53%, <br> 10/25/2064 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM14, <br> Class A3, CMO, 5.62%, <br> 7/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2507373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2507448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM7, Class A1, <br> CMO, 5.56%, 5/25/2055 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2922332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2938058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM8, Class A1, <br> CMO, 5.47%, 3/25/2065 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 752186 |
| PRPM Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, <br> CMO, 5.69%, 4/25/2070 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3232643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3245460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM6, Class A3, <br> CMO, 5.34%, 12/25/2070 <br> (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 966407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Asset Securitization <br> Trust Series 2006-A6, Class <br> 1A4, CMO, 6.00%, 7/25/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2589144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage Loan Trust <br> Series 2020-1, Class A1, <br> 2.38%, 1/26/2060 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Santander Mortgage Asset <br> Receivable Trust Series <br> 2025-NQM5, Class A3, CMO, <br> 5.47%, 8/25/2065 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 910646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 907167 |
| Verus Securitization Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, <br> 5.13%, 2/25/2067 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 577020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 555255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-5, Class A1, <br> 6.48%, 6/25/2068 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 506538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-INV2, Class A1, <br> 6.44%, 8/25/2068 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A1, <br> 5.71%, 1/25/2069 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A1, <br> 6.34%, 4/25/2069 (a) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290569 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-6, Class A3, <br> CMO, 6.15%, 7/25/2069 (a) <br> (c)<br>| $193817 | &nbsp;&nbsp; $194833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-10, Class A2, <br> CMO, 5.21%, 6/25/2070 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5, Class A1, <br> CMO, 5.43%, 6/25/2070 (a) <br> (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 836444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-9, Class A1, <br> CMO, VRN, 5.44%, <br> 11/25/2069 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763119 |
| &nbsp;&nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through <br> Certificates Trust Series <br> 2006-AR16, Class 2A1, CMO, <br> 4.12%, 12/25/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1281012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1101642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Washington Mutual Mortgage <br> Pass-Through Certificates <br> WMALT Trust Series 2005-8, <br> Class 2CB3, CMO, 1 mo. USD <br> Term SOFR + 0.52%, 4.20%, <br> 10/25/2035 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189252 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MORTGAGE-BACKED** <br> **SECURITIES**<br> (Cost $41,610,482)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 40203910 |
| **COMMERCIAL MORTGAGE BACKED** <br> **SECURITIES — 10.4%**  | **COMMERCIAL MORTGAGE BACKED** <br> **SECURITIES — 10.4%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1211 Avenue of the Americas <br> Trust Series 2015-1211, <br> Class A1A2, 3.90%, 8/10/2035 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 Park Avenue Mortgage Trust <br> Series 2017-280P, Class A, 1 <br> mo. USD Term SOFR + <br> 1.18%, 4.85%, 9/15/2034 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199003 |
| &nbsp;&nbsp;&nbsp;&nbsp; A10 Issuer LLC Series <br> 2025-FL6, Class A, 1 mo. <br> USD Term SOFR + 1.47%, <br> 5.14%, 5/15/2042 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acore Issuer LLC Series <br> 2026-FL1, Class A, 1 mo. <br> USD Term SOFR + 1.45%, <br> 5.13%, 8/20/2043 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499548 |
| ACREC LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL3, Class A, 1 <br> mo. USD Term SOFR + <br> 1.31%, 4.99%, 8/18/2042 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-FL4, Class A, 1 <br> mo. USD Term SOFR + <br> 1.45%, 5.13%, 1/18/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429758 |
| &nbsp;&nbsp;&nbsp;&nbsp; ALA Trust Series 2025-OANA, <br> Class A, 1 mo. USD Term <br> SOFR + 1.74%, 5.42%, <br> 6/15/2040 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290061 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Arbor Multifamily Mortgage <br> Securities Trust Series <br> 2021-MF2, Class A2, 2.02%, <br> 6/15/2054 (a)<br>| $139000 | &nbsp;&nbsp; $138176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arbor Realty Commercial Real <br> Estate Notes LLC Series <br> 2025-FL1, Class A, 1 mo. <br> USD Term SOFR + 1.35%, <br> 5.03%, 1/20/2043 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arbor Realty Commercial Real <br> Estate Notes Ltd. Series <br> 2022-FL1, Class A, 30 day <br> USD SOFR Average + 1.45%, <br> 5.12%, 1/15/2037 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112799 |
| &nbsp;&nbsp;&nbsp;&nbsp; ARDN Mortgage Trust Series <br> 2025-ARCP, Class A, 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 6/15/2035 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348369 |
| AREIT Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-CRE8, Class A, 1 <br> mo. USD Term SOFR + <br> 2.11%, 5.79%, 8/17/2041 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-CRE10, Class A, <br> 1 mo. USD Term SOFR + <br> 1.39%, 5.07%, 12/17/2029 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319112 |
| AREIT Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-CRE6, Class A, <br> 30 day USD SOFR Average <br> + 1.25%, 4.92%, 1/20/2037 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-CRE11, Class A, <br> 1 mo. USD Term SOFR + <br> 1.55%, 5.23%, 7/25/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380134 |
| &nbsp;&nbsp;&nbsp;&nbsp; ARES Commercial Mortgage <br> Trust Series 2026-GCP, <br> Class B, 1 mo. USD Term <br> SOFR + 1.50%, 5.17%, <br> 2/15/2043 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289278 |
| Bank: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-BNK6, Class XA, <br> IO, 0.74%, 7/15/2060 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 812120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-BN26, Class XA, <br> IO, VRN, 1.19%, 3/15/2063 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1235634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43448 |
| Bank5: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5YR10, Class AS, <br> 5.64%, 10/15/2057<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5YR18, <br> Class XA, IO, VRN, 1.05%, <br> 12/15/2058 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6864024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-5YR2, Class A3, <br> VRN, 6.66%, 7/15/2056 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank5 Trust Series 2025-5YR13, <br> Class XA, IO, VRN, 1.06%, <br> 1/15/2058 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7593962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280050 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Barclays Commercial Mortgage <br> Trust Series 2019-C3, <br> Class ASB, 3.46%, 5/15/2052<br>| $278913 | &nbsp;&nbsp; $275413 |
| BBCMS Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C35, Class A1, <br> 4.67%, 7/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C34, Class XA, <br> IO, VRN, 1.17%, 5/15/2058 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5298039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C38, Class XA, <br> IO, VRN, 1.46%, <br> 11/15/2058 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C32, Class XA, <br> IO, VRN, 1.13%, 2/15/2062 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2434686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193139 |
| BDS LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-FL13, Class A, 1 <br> mo. USD Term SOFR + <br> 1.58%, 5.25%, 9/19/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL15, Class A, 1 <br> mo. USD Term SOFR + <br> 1.40%, 5.08%, 3/19/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL16, Class A, 1 <br> mo. USD Term SOFR + <br> 1.40%, 5.08%, 6/19/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339379 |
| Benchmark Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B6, Class A2, <br> 4.20%, 10/10/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-B14, Class A2, <br> 2.91%, 12/15/2062<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B41, Class A1, <br> 4.40%, 7/15/2068<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B1, Class XA, IO, <br> 0.52%, 1/15/2051 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1360527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-B15, Class XA, <br> IO, VRN, 0.80%, <br> 12/15/2072 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3772657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V17, Class XA, <br> IO, VRN, 1.51%, 9/15/2058 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-V18, Class XA, <br> IO, VRN, 1.26%, <br> 10/15/2058 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8224489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-V20, Class XA, <br> IO, VRN, 1.22%, 2/15/2059 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10869467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571594 |
| &nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-IND2, Class A, 1 <br> mo. USD Term SOFR + <br> 1.34%, 5.01%, 3/15/2041 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213634 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-IND, Class A, 1 <br> mo. USD Term SOFR + <br> 1.20%, 4.87%, 3/15/2042 <br> (a) (b)<br>| $251563 | &nbsp;&nbsp; $249833 |
| BMO Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C12, Class XA, <br> IO, VRN, 1.44%, <br> 10/15/2058 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7194533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C13, Class XA, <br> IO, VRN, 1.20%, <br> 12/15/2058 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10080224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C11, Class XA, <br> IO, VRN, 1.10%, 2/15/2058 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2050868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152476 |
| &nbsp;&nbsp;&nbsp;&nbsp; BMP Trust Series 2024-MF23, <br> Class B, 1 mo. USD Term <br> SOFR + 1.64%, 5.31%, <br> 6/15/2041 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153761 |
| BRSP Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-FL2, Class A, 1 <br> mo. USD Term SOFR + <br> 1.95%, 5.62%, 8/19/2037 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-FL3, Class A, 1 <br> mo. USD Term SOFR + <br> 1.45%, 5.13%, 8/19/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588192 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSPRT Issuer LLC Series <br> 2026-FL13, Class A, 1 mo. <br> USD Term SOFR + 1.50%, <br> 5.15%, 10/18/2043 (a) (b) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570116 |
| &nbsp;&nbsp;&nbsp;&nbsp; BSPRT Issuer Ltd. Series <br> 2022-FL8, Class A, 30 day <br> USD SOFR Average + 1.50%, <br> 5.17%, 2/15/2037 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8365 |
| BX Commercial Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-21M, Class A, 1 <br> mo. USD Term SOFR + <br> 0.84%, 4.52%, 10/15/2036 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-ACNT, Class B, 1 <br> mo. USD Term SOFR + <br> 1.36%, 5.04%, 11/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-ACNT, Class C, 1 <br> mo. USD Term SOFR + <br> 1.61%, 5.29%, 11/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-CIP, Class A, 1 <br> mo. USD Term SOFR + <br> 1.04%, 4.71%, 12/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-CIP, Class B, 1 <br> mo. USD Term SOFR + <br> 1.39%, 5.06%, 12/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84602 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-LP2, Class D, 1 <br> mo. USD Term SOFR + <br> 1.96%, 5.63%, 2/15/2039 <br> (a) (b)<br>| $294000 | &nbsp;&nbsp; $293794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-AIRC, Class B, 1 <br> mo. USD Term SOFR + <br> 2.14%, 5.81%, 8/15/2041 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-MDHS, Class B, <br> 1 mo. USD Term SOFR + <br> 1.84%, 5.51%, 5/15/2041 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-MF, Class B, 1 <br> mo. USD Term SOFR + <br> 1.69%, 5.36%, 2/15/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-XL5, Class A, 1 <br> mo. USD Term SOFR + <br> 1.39%, 5.06%, 3/15/2041 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-BCAT, Class A, 1 <br> mo. USD Term SOFR + <br> 1.38%, 5.05%, 8/15/2042 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-ALOHA, Class A, <br> 1 mo. USD Term SOFR + <br> 1.35%, 5.05%, 4/15/2043 <br> (a) (b) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-CSMO, Class A, <br> 1 mo. USD Term SOFR + <br> 1.40%, 5.07%, 2/15/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-XL6, Class A, 1 <br> mo. USD Term SOFR + <br> 1.20%, 4.87%, 3/15/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318773 |
| BX Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-PAC, Class A, 1 <br> mo. USD Term SOFR + <br> 0.80%, 4.48%, 10/15/2036 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-PAC, Class D, 1 <br> mo. USD Term SOFR + <br> 1.41%, 5.09%, 10/15/2036 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298507 |
| BX Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-BXMF, Class A, 1 <br> mo. USD Term SOFR + <br> 0.75%, 4.42%, 10/15/2026 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-BXMF, Class C, 1 <br> mo. USD Term SOFR + <br> 1.31%, 4.98%, 10/15/2026 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-LBA, Class BV, 1 <br> mo. USD Term SOFR + <br> 1.41%, 5.09%, 2/15/2036 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300320 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-LGCY, Class B, 1 <br> mo. USD Term SOFR + <br> 0.97%, 4.64%, 10/15/2036 <br> (a) (b)<br>| $210000 | &nbsp;&nbsp; $209608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-SDMF, Class B, 1 <br> mo. USD Term SOFR + <br> 0.85%, 4.53%, 9/15/2034 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-LBA6, Class B, 1 <br> mo. USD Term SOFR + <br> 1.30%, 4.97%, 1/15/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CNYN, Class C, <br> 1 mo. USD Term SOFR + <br> 1.94%, 5.61%, 4/15/2041 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-ROIC, Class C, 1 <br> mo. USD Term SOFR + <br> 1.54%, 5.22%, 3/15/2030 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-OPTM, Class C, <br> 1 mo. USD Term SOFR + <br> 1.60%, 5.35%, 3/15/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198872 |
| BXMT Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL4, Class A, 1 <br> mo. USD Term SOFR + <br> 1.41%, 5.09%, 5/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-FL6, Class A, 1 <br> mo. USD Term SOFR + <br> 1.45%, 5.13%, 8/19/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588481 |
| &nbsp;&nbsp;&nbsp;&nbsp; BXP Trust Series 2017-GM, <br> Class A, 3.38%, 6/13/2039 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294980 |
| &nbsp;&nbsp;&nbsp;&nbsp; CFCRE Commercial Mortgage <br> Trust Series 2016-C7, <br> Class A3, 3.84%, 12/10/2054<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup Commercial Mortgage <br> Trust Series 2023-PRM3, <br> Class B, VRN, 6.36%, <br> 7/10/2028 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358269 |
| &nbsp;&nbsp;&nbsp;&nbsp; COMM Mortgage Trust Series <br> 2024-277P, Class A, 6.34%, <br> 8/10/2044 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302371 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSAIL Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C8, Class XA, IO, <br> 1.05%, 6/15/2050 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-CX10, Class XA, <br> IO, 0.84%, 11/15/2050 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-CX9, Class XA, <br> IO, 0.58%, 9/15/2050 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 890308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4021 |
| &nbsp;&nbsp;&nbsp;&nbsp; DBGS Mortgage Trust Series <br> 2021-W52, Class A, 1 mo. <br> USD Term SOFR + 1.66%, <br> 5.33%, 10/15/2039 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228353 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; DBJPM 20-C9 Mortgage Trust <br> Series 2020-C9, Class ASB, <br> 1.88%, 8/15/2053<br>| $306055 | &nbsp;&nbsp; $289523 |
| EQUS Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-EQAZ, Class A, 1 <br> mo. USD Term SOFR + <br> 1.02%, 4.69%, 10/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-EQAZ, Class B, 1 <br> mo. USD Term SOFR + <br> 1.36%, 5.04%, 10/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust <br> Series 2026-ESH2, Class A, 1 <br> mo. USD Term SOFR + <br> 1.20%, 4.87%, 2/15/2043 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286579 |
| FS Rialto Issuer LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL3, Class A, 1 <br> mo. USD Term SOFR + <br> 1.36%, 5.04%, 11/16/2036 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-FL11, Class A, 1 <br> mo. USD Term SOFR + <br> 1.45%, 5.12%, 1/19/2044 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL2, Class A, <br> ABS, 1 mo. USD Term <br> SOFR + 1.33%, 5.01%, <br> 5/16/2038 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65091 |
| GPMT Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL3, Class AS, 1 <br> mo. USD Term SOFR + <br> 1.96%, 5.64%, 7/16/2035 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL4, Class A, 1 <br> mo. USD Term SOFR + <br> 1.46%, 5.14%, 12/15/2036 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516217 |
| GS Mortgage Securities Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2013-GC13, Class AS, <br> 3.86%, 7/10/2046 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-GS7, Class XA, <br> IO, 1.02%, 8/10/2050 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-GC47, Class XA, <br> IO, VRN, 1.12%, 5/12/2053 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2096759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71277 |
| &nbsp;&nbsp;&nbsp;&nbsp; GWT Trust Series 2024-WLF2, <br> Class A, 1 mo. USD Term <br> SOFR + 1.69%, 5.36%, <br> 5/15/2041 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Incref LLC Series 2025-FL1, <br> Class A, 1 mo. USD Term <br> SOFR + 1.73%, 5.41%, <br> 10/19/2042 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390540 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; JP Morgan Chase Commercial <br> Mortgage Securities Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-JP2, Class A4, <br> 2.82%, 8/15/2049<br>| $690639 | &nbsp;&nbsp; $686756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-UES, Class A, <br> 3.81%, 5/5/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-NLP, Class A, 1 <br> mo. USD Term SOFR + <br> 0.85%, 4.52%, 4/15/2037 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-JP4, Class XA, <br> IO, 0.52%, 12/15/2049 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1236375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-NINE, Class A, <br> VRN, 2.85%, 9/6/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317853 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMCC Commercial Mortgage <br> Securities Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-COR4, <br> Class ASB, 3.94%, <br> 3/10/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-COR5, Class XA, <br> IO, VRN, 1.42%, 6/13/2052 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 956974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31235 |
| &nbsp;&nbsp;&nbsp;&nbsp; KIND Commercial Mortgage <br> Trust Series 2024-1, Class A, <br> 1 mo. USD Term SOFR + <br> 1.89%, 5.56%, 8/15/2041 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299543 |
| &nbsp;&nbsp;&nbsp;&nbsp; KREF Ltd. Series 2021-FL2, <br> Class A, ABS, 1 mo. USD <br> Term SOFR + 1.18%, 4.86%, <br> 2/15/2039 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148127 |
| &nbsp;&nbsp;&nbsp;&nbsp; LEX Trust Series 2026-450, <br> Class A, 1 mo. USD Term <br> SOFR + 1.35%, 5.02%, <br> 3/15/2043 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199141 |
| &nbsp;&nbsp;&nbsp;&nbsp; LMNT CRE LLC Series <br> 2025-FL3, Class A, 1 mo. <br> USD Term SOFR + 1.55%, <br> 5.23%, 7/21/2043 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499634 |
| &nbsp;&nbsp;&nbsp;&nbsp; LoanCore Issuer LLC Series <br> 2025-CRE8, Class A, 1 mo. <br> USD Term SOFR + 1.39%, <br> 5.06%, 8/17/2042 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319554 |
| MF1 LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-FL9, Class A, 1 <br> mo. USD Term SOFR + <br> 2.15%, 5.83%, 6/19/2037 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL17, Class A, 1 <br> mo. USD Term SOFR + <br> 1.32%, 5.00%, 2/18/2040 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-FL21, Class A, 1 <br> mo. USD Term SOFR + <br> 1.35%, 5.03%, 2/18/2041 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 587949 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| MF1 Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-FL8, Class A, 1 <br> mo. USD Term SOFR + <br> 1.35%, 5.03%, 2/19/2037 <br> (a) (b)<br>| $130089 | &nbsp;&nbsp; $130088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL7, Class A, <br> ABS, 1 mo. USD Term <br> SOFR + 1.19%, 4.87%, <br> 10/16/2036 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51615 |
| &nbsp;&nbsp;&nbsp;&nbsp; MHP Trust Series 2021-STOR, <br> Class B, 1 mo. USD Term <br> SOFR + 1.01%, 4.69%, <br> 7/15/2038 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229741 |
| Morgan Stanley Capital I Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-PLND, Class D, 1 <br> mo. USD Term SOFR + <br> 1.86%, 5.54%, 5/15/2036 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-L6, Class A2, <br> 2.13%, 6/15/2054 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-UB12, Class XA, <br> IO, 0.59%, 12/15/2049 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1203670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NSTB, Class A, <br> VRN, 3.90%, 9/24/2057 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129776 |
| &nbsp;&nbsp;&nbsp;&nbsp; MTN Commercial Mortgage <br> Trust Series 2022-LPFL, <br> Class A, 1 mo. USD Term <br> SOFR + 1.40%, 5.08%, <br> 3/15/2039 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279582 |
| &nbsp;&nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust <br> Series 2026-1PARK, Class B, <br> 1 mo. USD Term SOFR + <br> 1.50%, 5.18%, 2/15/2043 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287825 |
| PFP Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-11, Class A, 1 <br> mo. USD Term SOFR + <br> 1.83%, 5.50%, 9/17/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-13, Class A, 1 <br> mo. USD Term SOFR + <br> 1.50%, 5.18%, 8/18/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390074 |
| &nbsp;&nbsp;&nbsp;&nbsp; PLYM Commercial Mortgage <br> Trust Series 2026-IND, <br> Class A, 1 mo. USD Term <br> SOFR + 1.25%, 4.92%, <br> 3/15/2043 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298396 |
| &nbsp;&nbsp;&nbsp;&nbsp; PRM5 Trust Series 2025-PRM5, <br> Class B, VRN, 4.44%, <br> 3/10/2033 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316911 |
| &nbsp;&nbsp;&nbsp;&nbsp; SCG Trust Series 2025-SNIP, <br> Class A, 1 mo. USD Term <br> SOFR + 1.50%, 5.17%, <br> 9/15/2042 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319323 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; SCOTT Trust Series 2023-SFS, <br> Class AS, 6.20%, 3/10/2040 <br> (a)<br>| $330000 | &nbsp;&nbsp; $336139 |
| &nbsp;&nbsp;&nbsp;&nbsp; SFO Commercial Mortgage Trust <br> Series 2021-555, Class A, 1 <br> mo. USD Term SOFR + <br> 1.26%, 4.94%, 5/15/2038 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278810 |
| &nbsp;&nbsp;&nbsp;&nbsp; SPGN Trust Series 2026-TFLM, <br> Class A, 1 mo. USD Term <br> SOFR + 1.30%, 4.97%, <br> 2/15/2041 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288297 |
| &nbsp;&nbsp;&nbsp;&nbsp; SREIT Trust Series 2021-MFP2, <br> Class A, 1 mo. USD Term <br> SOFR + 0.94%, 4.61%, <br> 11/15/2036 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259841 |
| Starwood Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-FL2, Class A, 1 <br> mo. USD Term SOFR + <br> 1.31%, 4.99%, 4/18/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-FL3, Class A, 30 <br> day USD SOFR Average + <br> 1.35%, 5.02%, 11/15/2038 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28697 |
| &nbsp;&nbsp;&nbsp;&nbsp; TCO Commercial Mortgage Trust <br> Series 2024-DPM, Class B, 1 <br> mo. USD Term SOFR + <br> 1.59%, 5.26%, 12/15/2039 (a) <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248891 |
| TRTX Issuer Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-FL5, Class A, 1 <br> mo. USD Term SOFR + <br> 1.65%, 5.33%, 2/15/2039 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL6, Class A, 1 <br> mo. USD Term SOFR + <br> 1.54%, 5.22%, 9/18/2042 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-FL7, Class A, 1 <br> mo. USD Term SOFR + <br> 1.45%, 5.13%, 6/18/2043 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409645 |
| &nbsp;&nbsp;&nbsp;&nbsp; TYSN Mortgage Trust Series <br> 2023-CRNR, Class A, VRN, <br> 6.58%, 12/10/2033 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364020 |
| &nbsp;&nbsp;&nbsp;&nbsp; UBS Commercial Mortgage <br> Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C7, Class ASB, <br> 3.59%, 12/15/2050<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 234914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C11, Class ASB, <br> 4.12%, 6/15/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C16, Class ASB, <br> 3.46%, 4/15/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C1, Class XA, IO, <br> 1.45%, 6/15/2050 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 492224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4624 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; VASA Trust Series 2021-VASA, <br> Class A, 1 mo. USD Term <br> SOFR + 1.01%, 4.69%, <br> 7/15/2039 (a) (b)<br>| $315000 | &nbsp;&nbsp; $308812 |
| &nbsp;&nbsp;&nbsp;&nbsp; VEGAS Trust Series 2024-TI, <br> Class A, 5.52%, 11/10/2039 <br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Velocity Commercial Capital <br> Loan Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2, Class A, <br> 4.05%, 10/26/2048 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A, VRN, <br> 6.65%, 6/25/2054 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 825569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 841249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5, Class A, VRN, <br> 5.49%, 10/25/2054 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class A, VRN, <br> 5.19%, 9/25/2055 (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2053890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2034647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Commercial <br> Mortgage Trust:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C43, Class A3, <br> 3.75%, 3/15/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C53, Class ASB, <br> 2.96%, 10/15/2052<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C60, Class A2, <br> 2.04%, 8/15/2054<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-ONL, Class A, <br> 3.86%, 12/15/2039 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-AGLN, Class B, 1 <br> mo. USD Term SOFR + <br> 1.94%, 5.61%, 7/15/2037 <br> (a) (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C64, Class A1, <br> 5.02%, 2/15/2058<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C51, Class XA, <br> IO, VRN, 1.26%, 6/15/2052 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 853857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-C52, Class XA, <br> IO, VRN, 1.56%, 8/15/2052 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2494586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C7, Class XA, <br> IO, VRN, 1.44%, <br> 12/15/2058 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7633931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C64, Class XA, <br> IO, VRN, 1.02%, 2/15/2058 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2237088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-5C8, Class XA, <br> IO, VRN, 1.58%, 3/15/2059 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11804000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 683510 |
| &nbsp;&nbsp;&nbsp;&nbsp; WFRBS Commercial Mortgage <br> Trust Series 2014-C23, <br> Class AS, VRN, 4.21%, <br> 10/15/2057 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24254 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL** <br> **MORTGAGE BACKED** <br> **SECURITIES**<br> (Cost $43,056,382)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 41470355 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **SENIOR FLOATING RATE LOANS — 1.8%**  | **SENIOR FLOATING RATE LOANS — 1.8%**  |  |
| **AEROSPACE & DEFENSE —** <br> **0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynasty Acquisition Co., Inc. <br> 2024 1st Lien Term Loan B1, <br> 1 mo. USD Term SOFR + <br> 2.00%, 5.67%, 10/31/2031 <br> (b) | $175629 | &nbsp;&nbsp; $175925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynasty Acquisition Co., Inc. <br> 2024 1st Lien Term Loan B2, <br> 1 mo. USD Term SOFR + <br> 2.00%, 5.67%, 10/31/2031 <br> (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66916 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242841 |
| **BIOTECHNOLOGY — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, Inc. <br> Term Loan B (e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369539 |
| **BUILDING PRODUCTS — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Standard Industries, Inc. 2021 <br> Term Loan B, 1 mo. USD Term <br> SOFR + 1.75%, 5.43%, <br> 9/22/2028 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391543 |
| **CHEMICALS — 0.0% \*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Solstice Advanced Materials, Inc. <br> Term Loan B, 3 mo. USD Term <br> SOFR + 1.75%, 5.42%, <br> 10/29/2032 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75484 |
| **COMMERCIAL SERVICES —** <br> **0.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APi Group DE, Inc. 2025 Term <br> Loan, 1 mo. USD Term SOFR <br> + 1.75%, 5.42%, 1/3/2029 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trans Union LLC 2024 Term <br> Loan B8, 3 mo. USD Term <br> SOFR + 1.75%, 5.45%, <br> 6/24/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trans Union LLC 2024 Term <br> Loan B9, 3 mo. USD Term <br> SOFR + 1.75%, 5.45%, <br> 6/24/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152479 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665352 |
| **COMPUTERS — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CACI International, Inc. 2026 <br> Incremental Term Loan B2, 1 <br> mo. USD Term SOFR + 1.75%, <br> 5.42%, 3/9/2033 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360338 |
| **CONSTRUCTION &** <br> **ENGINEERING — 0.0% \*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dycom Investments, Inc. 2026 <br> Term Loan B, 1 mo. USD Term <br> SOFR + 1.75%, 5.42%, <br> 1/27/2033 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30156 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **DISTRIBUTION/WHOLESALE —** <br> **0.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gates Global LLC 2024 Term <br> Loan B5, 1 mo. USD Term <br> SOFR + 1.75%, 5.42%, <br> 6/4/2031 (b) | $277884 | &nbsp;&nbsp; $277902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resideo Funding, Inc. 2024 <br> M&A 1st lien Term Loan B, 6 <br> mo. USD Term SOFR + <br> 2.00%, 5.64%, 6/13/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resideo Funding, Inc. 2024 1st <br> Lien Term Loan B, 1 mo. USD <br> Term SOFR + 2.00%, 5.67%, <br> 2/11/2028 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Resideo Funding, Inc. 2025 <br> Incremental Term Loan, 3 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 8/13/2032 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84470 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542646 |
| **DIVERSIFIED FINANCIAL** <br> **SERVICES — 0.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corpay Technologies Operating <br> Co. LLC Term Loan B5, 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 4/28/2028 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 482443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CPI Holdco B LLC 2025 Add-on <br> Term Loan B, 1 mo. USD <br> Term SOFR + 2.00%, 5.67%, <br> 5/19/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 412106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409905 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 892348 |
| **ELECTRICAL EQUIPMENT —** <br> **0.0% \*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings, Inc. 2025 Term <br> Loan B, 1 mo. USD Term SOFR <br> + 2.00%, 5.68%, 3/19/2032 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136698 |
| **ENTERTAINMENT — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta 2 Lux SARL 2024 Term <br> Loan B1, 3 mo. USD Term <br> SOFR + 1.75%, 5.45%, <br> 9/30/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp. <br> 2024 Term Loan B, 1 mo. <br> USD Term SOFR + 2.00%, <br> 5.67%, 5/1/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111874 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 481643 |
| **FOOD PRODUCTS — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aramark Services, Inc. 2025 <br> Term Loan, 1 mo. USD Term <br> SOFR + 1.75%, 5.42%, <br> 6/22/2030 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Froneri Lux Finco SARL 2024 <br> USD Term Loan B4, 6 mo. <br> USD Term SOFR + 2.25%, <br> 5.88%, 9/30/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175085 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Froneri Lux Finco SARL 2025 <br> USD Term Loan B6, 6 mo. <br> USD Term SOFR + 2.25%, <br> 5.88%, 9/30/2032 (b) | $94762 | &nbsp;&nbsp; $93111 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380992 |
| **HOME FURNISHINGS — 0.0% \*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Somnigroup International, Inc. <br> Term Loan B, 1 mo. USD Term <br> SOFR + 2.25%, 5.88%, <br> 10/24/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100571 |
| **INDEPENDENT POWER** <br> **PRODUCERS & ENERGY** <br> **TRADERS — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc. 2024 Term Loan, <br> 3 mo. USD Term SOFR + <br> 1.75%, 5.52%, 4/16/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 527796 |
| **INTERNET & TELECOM — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gen Digital, Inc. 2025 Term Loan <br> B, 1 mo. USD Term SOFR + <br> 1.75%, 5.42%, 4/16/2032 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Go Daddy Operating Co. LLC <br> 2024 Term Loan B8, 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 11/9/2029 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298165 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356915 |
| **LODGING — 0.0% \*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. <br> 2024 Term Loan, 1 mo. USD <br> Term SOFR + 1.75%, 5.42%, <br> 5/24/2030 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98904 |
| **MACHINERY — 0.0% \*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allison Transmission, Inc. 2025 <br> Incremental Term Loan B, 1 mo. <br> USD Term SOFR + 1.75%, <br> 5.42%, 1/2/2033 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85404 |
| **PIPELINES — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Colossus Acquireco LLC Term <br> Loan B, 3 mo. USD Term SOFR <br> + 1.75%, 5.38%, 7/30/2032 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 407749 |
| **REAL ESTATE INVESTMENT** <br> **TRUSTS (REITs) — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc. 2023 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.00% 5.67%, <br> 1/31/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 344453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343055 |
| **RETAIL — 0.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011778 B.C. Unlimited Liability <br> Co. 2024 Term Loan B6, 1 <br> mo. USD Term SOFR + <br> 1.75%, 5.42%, 9/20/2030 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476699 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Burlington Coat Factory <br> Warehouse Corp. 2024 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 1.75%, 5.42%, <br> 9/24/2031 (b) | $123345 | &nbsp;&nbsp; $123345 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600044 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SENIOR FLOATING** <br> **RATE LOANS**<br> (Cost $7,098,506)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7090018 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENT — 5.8%**  | **SHORT-TERM INVESTMENT — 5.8%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (f) (g)<br> (Cost $22,992,233) | 22992233 | &nbsp;&nbsp;&nbsp;&nbsp; 22992233 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.7%**<br> (Cost $405,464,811) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.7%**<br> (Cost $405,464,811) | &nbsp;&nbsp;&nbsp; 401696875 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS** <br> **— (0.7)%**  | **LIABILITIES IN EXCESS OF OTHER ASSETS** <br> **— (0.7)%**  | &nbsp;&nbsp;&nbsp;&nbsp; (2667084) |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | &nbsp;&nbsp; $399029791 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 37.2% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Step-up bond - Coupon rate increases in increments to maturity. Rate shown as of March 31, 2026. Maturity date shown is the final maturity.

&nbsp;&nbsp;&nbsp;&nbsp;(d) When-issued security.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Position is unsettled. Contract rate was not determined at March 31, 2026 and does not take effect until settlement date. Maturity date is not finalized until settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(f) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(g) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than 0.05% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations: |  |
| ABS | Asset-Backed Security |
| CLO | Collateralized Loan Obligation |
| CMO | Collateralized Mortgage Obligation |
| GMTN | Global Medium Term Note |
| IO | Interest Only |
| MTN | Medium Term Note |
| REMIC | Real Estate Mortgage Investment Conduit |
| SOFR | Secured Overnight Financing Rate |
| VRN | Variable Rate Note |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET DOUBLELINE SHORT DURATION TOTAL RETURN TACTICAL ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $86858117 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $86858117 |
| Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 62545386 | &nbsp;&nbsp; — | &nbsp;&nbsp; 62545386 |
| U.S. Government Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 35516310 | &nbsp;&nbsp; — | &nbsp;&nbsp; 35516310 |
| U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 105020546 | &nbsp;&nbsp; — | &nbsp;&nbsp; 105020546 |
| Mortgage-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 40203910 | &nbsp;&nbsp; — | &nbsp;&nbsp; 40203910 |
| Commercial Mortgage Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 41470355 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41470355 |
| Senior Floating Rate Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 7090018 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7090018 |
| Short-Term Investment | &nbsp;&nbsp; 22992233 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 22992233 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $22992233 | &nbsp;&nbsp; $378704642 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $401696875 |

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br> Class G Shares<br>| 4659802 | $4659802 | $185107413 | $166774982 | $— | $— | 22992233 | $22992233 | $373950 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET FIXED INCOME SECTOR ROTATION ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 100.0% (a)** | **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 100.0% (a)** |  |
| **DOMESTIC FIXED INCOME — 100.0%**  | **DOMESTIC FIXED INCOME — 100.0%**  | **DOMESTIC FIXED INCOME — 100.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> 1-3 Month T-Bills ETF (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 179944 | &nbsp;&nbsp; $16490068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg <br> High Yield Bond ETF<br>| &nbsp;&nbsp;&nbsp;&nbsp; 316687 | &nbsp;&nbsp;&nbsp;&nbsp; 30313280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Intermediate Term <br> Corporate Bond ETF (b)<br>| &nbsp;&nbsp; 2135212 | &nbsp;&nbsp;&nbsp;&nbsp; 71615011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Intermediate Term <br> Treasury ETF (b)<br>| &nbsp;&nbsp; 3762990 | &nbsp;&nbsp;&nbsp; 107847293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Long Term Corporate <br> Bond ETF<br>| &nbsp;&nbsp; 2635638 | &nbsp;&nbsp;&nbsp;&nbsp; 58563876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Long Term Treasury ETF<br>| &nbsp;&nbsp; 1179531 | &nbsp;&nbsp;&nbsp;&nbsp; 31021665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio <br> Mortgage-Backed <br> Bond ETF (b)<br>| &nbsp;&nbsp; 6291307 | &nbsp;&nbsp;&nbsp; 140862364 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $457,140,775) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $457,140,775) | &nbsp;&nbsp;&nbsp; 456713557 |
| **SHORT-TERM INVESTMENTS — 8.9%**  | **SHORT-TERM INVESTMENTS — 8.9%**  | **SHORT-TERM INVESTMENTS — 8.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (c) (d)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12225 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Navigator Securities <br> Lending Portfolio II (e) (f)<br>| 40604219 | &nbsp;&nbsp;&nbsp;&nbsp; 40604219 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM** <br> **INVESTMENTS**<br> (Cost $40,616,444)<br>|  | &nbsp;&nbsp; $40616444 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS —** <br> **108.9%**<br> (Cost $497,757,219)<br>|  | &nbsp;&nbsp;&nbsp; 497330001 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS — (8.9)%**  |  | &nbsp;&nbsp;&nbsp; (40699056) |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; $456630945 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. | The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. |
| (a) | Affiliated fund managed by SSGA Funds Management, Inc. <br> Amounts related to these investments during the period <br> ended March 31, 2026 are shown in the Affiliate Table <br> below.<br>|
| (b) | All or a portion of the shares of the security are on loan at <br> March 31, 2026.<br>|
| (c) | The Fund invested in certain money market funds managed <br> by SSGA Funds Management, Inc. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (d) | The rate shown is the annualized seven-day yield at <br> March 31, 2026.<br>|
| (e) | The Fund invested in an affiliated entity. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (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 March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Mutual Funds and Exchange Traded Products | &nbsp;&nbsp; $456713557 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $456713557 |
| Short-Term Investments | &nbsp;&nbsp; 40616444 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 40616444 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $497330001 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $497330001 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET FIXED INCOME SECTOR ROTATION ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money <br> Market Fund, Class G Shares<br>| 144368 | $144368 | $2546272 | $2678415 | $— | $— | 12225 | $12225 | $5371 |
| State Street Navigator Securities Lending Portfolio II | 20441403 | 20441403 | 1290808189 | 1270645373 |  |  | 40604219 | 40604219 | 80890 |
| State Street SPDR Bloomberg 1-3 Month T-Bills ETF | 255948 | 23478110 | 21170194 | 28138265 | 2372 | (22343)<br>| 179944 | 16490068 | 178983 |
| State Street SPDR Bloomberg High Yield Bond ETF | 192188 | 18694127 | 67579403 | 55709917 | 271970 | (522303)<br>| 316687 | 30313280 | 1061436 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio Intermediate Term <br> Corporate Bond ETF<br>| 5440 | 182675 | 147389550 | 75787514 | 100499 | (270199)<br>| 2135212 | 71615011 | 1188349 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio Intermediate Term <br> Treasury ETF<br>| 5724495 | 164693721 | 94352060 | 150626281 | 1236190 | (1808397)<br>| 3762990 | 107847293 | 3099091 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio Long Term Corporate <br> Bond ETF<br>| 2039540 | 46032418 | 75127900 | 61741966 | 244645 | (1099121)<br>| 2635638 | 58563876 | 1634321 |
| State Street SPDR Portfolio Long Term Treasury ETF | 1807053 | 48031469 | 104743959 | 120278467 | (729190)<br>| (746106)<br>| 1179531 | 31021665 | 967736 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street SPDR Portfolio Mortgage-Backed <br> Bond ETF<br>| 5858146 | 129465026 | 97863417 | 87234631 | 1043264 | (274712)<br>| 6291307 | 140862364 | 3191259 |
| Total |  | $451163317 | $1901580944 | $1852840829 | $2169750 | $(4743181)<br>|  | $497330001 | $11407436 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET US SECTOR ROTATION ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS — 27.8%**  | **COMMON STOCKS — 27.8%**  |  |
| **CONSUMER STAPLES DISTRIBUTION & RETAIL — 0.1%**  | **CONSUMER STAPLES DISTRIBUTION & RETAIL — 0.1%**  | **CONSUMER STAPLES DISTRIBUTION & RETAIL — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5528 | &nbsp;&nbsp; $687020 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.4%**  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.4%**  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 59463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1723832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 31770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1594854 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3318686 |
| **ENTERTAINMENT — 1.0%**  | **ENTERTAINMENT — 1.0%**  | **ENTERTAINMENT — 1.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Netflix, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 77852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7485470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walt Disney Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 728825 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8214295 |
| **INTERACTIVE MEDIA & SERVICES — 12.7%**  | **INTERACTIVE MEDIA & SERVICES — 12.7%**  | **INTERACTIVE MEDIA & SERVICES — 12.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. | &nbsp;&nbsp;&nbsp; 123080 | &nbsp;&nbsp;&nbsp;&nbsp; 35306729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. | &nbsp;&nbsp;&nbsp; 158593 | &nbsp;&nbsp;&nbsp;&nbsp; 45605003 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45975 | &nbsp;&nbsp;&nbsp;&nbsp; 26303677 |
|  |  | &nbsp;&nbsp;&nbsp; 107215409 |
| **OIL, GAS & CONSUMABLE FUELS — 0.0%** <sup>\*</sup>  | **OIL, GAS & CONSUMABLE FUELS — 0.0%** <sup>\*</sup>  | **OIL, GAS & CONSUMABLE FUELS — 0.0%** <sup>\*</sup>  |
| &nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299450 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT —** <br> **6.4%**  | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT —** <br> **6.4%**  | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT —** <br> **6.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43878 | &nbsp;&nbsp;&nbsp;&nbsp; 13580680 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp;&nbsp; 234153 | &nbsp;&nbsp;&nbsp;&nbsp; 40836283 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 54416963 |
| **SOFTWARE — 2.9%**  | **SOFTWARE — 2.9%**  | **SOFTWARE — 2.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 67602 | &nbsp;&nbsp;&nbsp;&nbsp; 25024232 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS —** <br> **4.3%**  | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS —** <br> **4.3%**  | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS —** <br> **4.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp;&nbsp; 143105 | &nbsp;&nbsp;&nbsp;&nbsp; 36318618 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (Cost $201,625,998) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (Cost $201,625,998) | &nbsp;&nbsp;&nbsp; 235494673 |
| **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 72.1%**  | **MUTUAL FUNDS AND EXCHANGE TRADED** <br> **PRODUCTS — 72.1%**  |  |
| **DOMESTIC EQUITY — 72.1%**  | **DOMESTIC EQUITY — 72.1%**  | **DOMESTIC EQUITY — 72.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Communication <br> Services Select Sector <br> SPDR ETF (b) (c)<br>| &nbsp;&nbsp;&nbsp; 534969 | &nbsp;&nbsp;&nbsp;&nbsp; 59306663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Consumer <br> Staples Select Sector <br> SPDR ETF (b) (c)<br>| &nbsp;&nbsp;&nbsp; 332889 | &nbsp;&nbsp;&nbsp;&nbsp; 27290240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Energy Select <br> Sector SPDR ETF (b)<br>| &nbsp;&nbsp;&nbsp; 561574 | &nbsp;&nbsp;&nbsp;&nbsp; 34402023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Financial Select <br> Sector SPDR ETF (b) (c)<br>| 1121840 | &nbsp;&nbsp;&nbsp;&nbsp; 55385241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Health Care <br> Select Sector SPDR ETF <br> (b)<br>| &nbsp;&nbsp;&nbsp; 962150 | &nbsp;&nbsp;&nbsp; 141060812 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Industrial Select <br> Sector SPDR ETF (b) (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 694372 | &nbsp;&nbsp; $112300784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Technology <br> Select Sector SPDR ETF <br> (b) (c)<br>| &nbsp;&nbsp; 1359118 | &nbsp;&nbsp;&nbsp; 180626782 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $579,642,921) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND EXCHANGE** <br> **TRADED PRODUCTS**<br> (Cost $579,642,921) | &nbsp;&nbsp;&nbsp; 610372545 |
| **SHORT-TERM INVESTMENTS — 9.0%**  | **SHORT-TERM INVESTMENTS — 9.0%**  | **SHORT-TERM INVESTMENTS — 9.0%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (d) (e)<br>| &nbsp;&nbsp; 1080702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1080702 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Navigator Securities <br> Lending Portfolio II (f) (g)<br>| 74946439 | &nbsp;&nbsp;&nbsp;&nbsp; 74946439 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM** <br> **INVESTMENTS**<br> (Cost $76,027,141)<br>|  | &nbsp;&nbsp; $76027141 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS —** <br> **108.9%**<br> (Cost $857,296,060)<br>|  | &nbsp;&nbsp;&nbsp; 921894359 |
| **LIABILITIES IN EXCESS OF** <br> **OTHER ASSETS — (8.9)%**  |  | &nbsp;&nbsp;&nbsp; (75365881) |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; $846528478 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. | The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. |
| (a) | Non-income producing security. |
| (b) | Affiliated fund managed by SSGA Funds Management, Inc. <br> Amounts related to these investments during the period <br> ended March 31, 2026 are shown in the Affiliate Table <br> below.<br>|
| (c) | All or a portion of the shares of the security are on loan at <br> March 31, 2026.<br>|
| (d) | The Fund invested in certain money market funds managed <br> by SSGA Funds Management, Inc. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (e) | The rate shown is the annualized seven-day yield at <br> March 31, 2026.<br>|
| (f) | The Fund invested in an affiliated entity. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (g) | Investment of cash collateral for securities loaned. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Amount is less than 0.05% of net assets.

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET US SECTOR ROTATION ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks | &nbsp;&nbsp; $235494673 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $235494673 |
| Mutual Funds and Exchange Traded Products | &nbsp;&nbsp; 610372545 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 610372545 |
| Short-Term Investments | &nbsp;&nbsp; 76027141 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 76027141 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $921894359 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $921894359 |

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Communication Services Select Sector <br> SPDR ETF<br>| 269017 | $29196415 | $98083129 | $70118354 | $7591340 | $(5445867)<br>| 534969 | $59306663 | $529222 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Consumer Discretionary Select Sector <br> SPDR ETF<br>| 297050 | 64557876 | 82076985 | 155053626 | 11746237 | (3327472)<br>|  |  | 148047 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Consumer Staples Select Sector SPDR <br> ETF<br>| 823198 | 66654342 | 151896530 | 188567354 | (3921515)<br>| 1228237 | 332889 | 27290240 | 1223114 |
| State Street Energy Select Sector SPDR ETF | 174421 | 14792645 | 71440701 | 54891273 | 602853 | 2457097 | 561574 | 34402023 | 215419 |
| State Street Financial Select Sector SPDR ETF | 1744694 | 91369625 | 253204111 | 280689333 | 16902289 | (25401451)<br>| 1121840 | 55385241 | 679952 |
| State Street Health Care Select Sector SPDR ETF | 836897 | 112805347 | 297766296 | 289317907 | 12872533 | 6934543 | 962150 | 141060812 | 2076432 |
| State Street Industrial Select Sector SPDR ETF | 123248 | 18181545 | 124686168 | 24883344 | 3474946 | (9158531)<br>| 694372 | 112300784 | 319576 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market <br> Fund, Class G Shares<br>| 2521181 | 2521181 | 9610948 | 11051427 |  |  | 1080702 | 1080702 | 27371 |
| State Street Materials Select Sector SPDR ETF |  |  | 15758013 | 15412904 | (345109)<br>|  |  |  |  |
| State Street Navigator Securities Lending Portfolio II | 112926063 | 112926063 | 3843715111 | 3881694735 |  |  | 74946439 | 74946439 | 325893 |
| State Street Real Estate Select Sector SPDR ETF | 631688 | 26164517 | 77377 | 26223615 | (191668)<br>| 173389 |  |  |  |
| State Street Technology Select Sector SPDR ETF | 518270 | 131241512 | 160662968 | 113333358 | 6091445 | (4035785)<br>| 1359118 | 180626782 | 731644 |
| Total |  | $670411068 | $5108978337 | $5111237230 | $54823351 | $(36575840)<br>|  | $686399686 | $6276670 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET US EQUITY PREMIUM INCOME ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS — 99.1%**  | **COMMON STOCKS — 99.1%**  | **COMMON STOCKS — 99.1%**  |
| **AEROSPACE & DEFENSE — 0.7%**  | **AEROSPACE & DEFENSE — 0.7%**  | **AEROSPACE & DEFENSE — 0.7%**  |
| RTX Corp. | &nbsp;&nbsp; 2075 | &nbsp;&nbsp; $400267 |
| **AUTOMOBILES — 1.2%**  | **AUTOMOBILES — 1.2%**  | **AUTOMOBILES — 1.2%**  |
| General Motors Co. | &nbsp;&nbsp; 4294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319903 |
| Tesla, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333460 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653363 |
| **BANKS — 3.6%**  | **BANKS — 3.6%**  | **BANKS — 3.6%**  |
| Bank of America Corp. | 14922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 727447 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 3518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1034855 |
| Regions Financial Corp. | &nbsp;&nbsp; 8123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212173 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1974475 |
| **BEVERAGES — 0.8%**  | **BEVERAGES — 0.8%**  | **BEVERAGES — 0.8%**  |
| Monster Beverage Corp. (a) | &nbsp;&nbsp; 3474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251726 |
| PepsiCo, Inc. | &nbsp;&nbsp; 1326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205915 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457641 |
| **BIOTECHNOLOGY — 0.3%**  | **BIOTECHNOLOGY — 0.3%**  | **BIOTECHNOLOGY — 0.3%**  |
| Vertex Pharmaceuticals, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160308 |
| **BROADLINE RETAIL — 4.6%**  | **BROADLINE RETAIL — 4.6%**  | **BROADLINE RETAIL — 4.6%**  |
| Amazon.com, Inc. (a) | 11918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2482162 |
| **BUILDING PRODUCTS — 0.6%**  | **BUILDING PRODUCTS — 0.6%**  | **BUILDING PRODUCTS — 0.6%**  |
| Trane Technologies PLC | &nbsp;&nbsp;&nbsp;&nbsp; 726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302553 |
| **CAPITAL MARKETS — 3.8%**  | **CAPITAL MARKETS — 3.8%**  | **CAPITAL MARKETS — 3.8%**  |
| CME Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222989 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp; 4936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776334 |
| Robinhood Markets, Inc. Class A (a) | &nbsp;&nbsp; 1628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112821 |
| S&P Global, Inc. | &nbsp;&nbsp; 2233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949784 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2061928 |
| **CHEMICALS — 1.6%**  | **CHEMICALS — 1.6%**  | **CHEMICALS — 1.6%**  |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86722 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, <br> Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63046 |
| Linde PLC | &nbsp;&nbsp; 1456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 721827 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 871595 |
| **COMMERCIAL SERVICES & SUPPLIES — 1.4%**  | **COMMERCIAL SERVICES & SUPPLIES — 1.4%**  | **COMMERCIAL SERVICES & SUPPLIES — 1.4%**  |
| Tetra Tech, Inc. | &nbsp;&nbsp; 4123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124185 |
| Waste Management, Inc. | &nbsp;&nbsp; 2824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648927 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 773112 |
| **CONSTRUCTION & ENGINEERING — 0.1%**  | **CONSTRUCTION & ENGINEERING — 0.1%**  | **CONSTRUCTION & ENGINEERING — 0.1%**  |
| MasTec, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48261 |
| **CONSTRUCTION MATERIALS — 0.7%**  | **CONSTRUCTION MATERIALS — 0.7%**  | **CONSTRUCTION MATERIALS — 0.7%**  |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381465 |
| **CONSUMER STAPLES DISTRIBUTION & RETAIL — 2.1%**  | **CONSUMER STAPLES DISTRIBUTION & RETAIL — 2.1%**  | **CONSUMER STAPLES DISTRIBUTION & RETAIL — 2.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, Inc. <br> (a) | &nbsp;&nbsp; 4569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449681 |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177365 |
| Walmart, Inc. | &nbsp;&nbsp; 4066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505322 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1132368 |
| **ELECTRIC UTILITIES — 1.2%**  | **ELECTRIC UTILITIES — 1.2%**  | **ELECTRIC UTILITIES — 1.2%**  |
| NextEra Energy, Inc. | &nbsp;&nbsp; 7172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 666135 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **ELECTRICAL EQUIPMENT — 2.0%**  | **ELECTRICAL EQUIPMENT — 2.0%**  | **ELECTRICAL EQUIPMENT — 2.0%**  |
| Eaton Corp. PLC | &nbsp;&nbsp; 1163 | &nbsp;&nbsp; $415970 |
| Emerson Electric Co. | &nbsp;&nbsp; 5135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 672788 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1088758 |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS** <br> **— 0.7%**  | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS** <br> **— 0.7%**  | **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS** <br> **— 0.7%**  |
| Amphenol Corp. Class A | &nbsp;&nbsp; 3203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404699 |
| **ENTERTAINMENT — 1.2%**  | **ENTERTAINMENT — 1.2%**  | **ENTERTAINMENT — 1.2%**  |
| Netflix, Inc. (a) | &nbsp;&nbsp; 4383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421425 |
| Walt Disney Co. | &nbsp;&nbsp; 2121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204422 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625847 |
| **FINANCIAL SERVICES — 3.6%**  | **FINANCIAL SERVICES — 3.6%**  | **FINANCIAL SERVICES — 3.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc. Class B <br> (a) | &nbsp;&nbsp; 1309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 627273 |
| Mastercard, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp; 923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461186 |
| Visa, Inc. Class A | &nbsp;&nbsp; 2832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 855944 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1944403 |
| **FOOD PRODUCTS — 0.2%**  | **FOOD PRODUCTS — 0.2%**  | **FOOD PRODUCTS — 0.2%**  |
| Mondelez International, Inc. Class A | &nbsp;&nbsp; 1792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103291 |
| **GROUND TRANSPORTATION — 1.2%**  | **GROUND TRANSPORTATION — 1.2%**  | **GROUND TRANSPORTATION — 1.2%**  |
| Uber Technologies, Inc. (a) | &nbsp;&nbsp; 9314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 669956 |
| **HEALTH CARE EQUIPMENT & SUPPLIES — 2.4%**  | **HEALTH CARE EQUIPMENT & SUPPLIES — 2.4%**  | **HEALTH CARE EQUIPMENT & SUPPLIES — 2.4%**  |
| Abbott Laboratories | &nbsp;&nbsp; 2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225874 |
| Boston Scientific Corp. (a) | &nbsp;&nbsp; 8554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 536763 |
| Cooper Cos., Inc. (a) | &nbsp;&nbsp; 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200200 |
| Dexcom, Inc. (a) | &nbsp;&nbsp; 1880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118064 |
| Intuitive Surgical, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237410 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1318311 |
| **HOTELS, RESTAURANTS & LEISURE — 0.5%**  | **HOTELS, RESTAURANTS & LEISURE — 0.5%**  | **HOTELS, RESTAURANTS & LEISURE — 0.5%**  |
| McDonald's Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288102 |
| **HOUSEHOLD PRODUCTS — 0.6%**  | **HOUSEHOLD PRODUCTS — 0.6%**  | **HOUSEHOLD PRODUCTS — 0.6%**  |
| Procter & Gamble Co. | &nbsp;&nbsp; 2137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308668 |
| **INDEPENDENT POWER & RENEWABLE ELECTRICITY** <br> **PRODUCERS — 0.2%**  | **INDEPENDENT POWER & RENEWABLE ELECTRICITY** <br> **PRODUCERS — 0.2%**  | **INDEPENDENT POWER & RENEWABLE ELECTRICITY** <br> **PRODUCERS — 0.2%**  |
| Vistra Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134245 |
| **INSURANCE — 1.7%**  | **INSURANCE — 1.7%**  | **INSURANCE — 1.7%**  |
| American International Group, Inc. | &nbsp;&nbsp; 1255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94439 |
| Chubb Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232714 |
| Marsh & McLennan Cos., Inc. | &nbsp;&nbsp; 2479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429982 |
| Progressive Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169892 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927027 |
| **INTERACTIVE MEDIA & SERVICES — 9.4%**  | **INTERACTIVE MEDIA & SERVICES — 9.4%**  | **INTERACTIVE MEDIA & SERVICES — 9.4%**  |
| Alphabet, Inc. Class A | 10318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2967044 |
| Alphabet, Inc. Class C | &nbsp;&nbsp; 1553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445494 |
| Meta Platforms, Inc. Class A | &nbsp;&nbsp; 2992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1711813 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5124351 |
| **IT SERVICES — 0.2%**  | **IT SERVICES — 0.2%**  | **IT SERVICES — 0.2%**  |
| Accenture PLC Class A | &nbsp;&nbsp;&nbsp;&nbsp; 502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99542 |
| **LIFE SCIENCES TOOLS & SERVICES — 2.0%**  | **LIFE SCIENCES TOOLS & SERVICES — 2.0%**  | **LIFE SCIENCES TOOLS & SERVICES — 2.0%**  |
| Agilent Technologies, Inc. | &nbsp;&nbsp; 1580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180089 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET US EQUITY PREMIUM INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| Danaher Corp. | &nbsp;&nbsp; 2177 | &nbsp;&nbsp; $412759 |
| Repligen Corp. (a) | &nbsp;&nbsp; 1128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132901 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350461 |
| Waters Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30971 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1107181 |
| **MACHINERY — 2.6%**  | **MACHINERY — 2.6%**  | **MACHINERY — 2.6%**  |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 726935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. | &nbsp;&nbsp; 2694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673257 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1400192 |
| **METALS & MINING — 0.3%**  | **METALS & MINING — 0.3%**  | **METALS & MINING — 0.3%**  |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp; 2693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158295 |
| **MULTI-UTILITIES — 1.4%**  | **MULTI-UTILITIES — 1.4%**  | **MULTI-UTILITIES — 1.4%**  |
| CMS Energy Corp. | &nbsp;&nbsp; 1758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136386 |
| Sempra | &nbsp;&nbsp; 6562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 637629 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 774015 |
| **OIL, GAS & CONSUMABLE FUELS — 2.7%**  | **OIL, GAS & CONSUMABLE FUELS — 2.7%**  | **OIL, GAS & CONSUMABLE FUELS — 2.7%**  |
| Chevron Corp. | &nbsp;&nbsp; 2490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515181 |
| EQT Corp. | &nbsp;&nbsp; 3056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194484 |
| Exxon Mobil Corp. | &nbsp;&nbsp; 4367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740905 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1450570 |
| **PHARMACEUTICALS — 4.0%**  | **PHARMACEUTICALS — 4.0%**  | **PHARMACEUTICALS — 4.0%**  |
| AstraZeneca PLC ADR | &nbsp;&nbsp; 1331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262500 |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp; 979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900455 |
| Johnson & Johnson | &nbsp;&nbsp; 2585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 631877 |
| Merck & Co., Inc. | &nbsp;&nbsp; 3066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368809 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2163641 |
| **PROFESSIONAL SERVICES — 0.2%**  | **PROFESSIONAL SERVICES — 0.2%**  | **PROFESSIONAL SERVICES — 0.2%**  |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86114 |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.7%**  | **REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.7%**  | **REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.7%**  |
| CBRE Group, Inc. Class A (a) | &nbsp;&nbsp; 2783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376985 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT —** <br> **16.9%**  | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT —** <br> **16.9%**  | **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT —** <br> **16.9%**  |
| Advanced Micro Devices, Inc. (a) | &nbsp;&nbsp; 4059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 825722 |
| Applied Materials, Inc. | &nbsp;&nbsp; 2249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 768686 |
| Broadcom, Inc. | &nbsp;&nbsp; 5887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1822085 |
| Lam Research Corp. | &nbsp;&nbsp; 1176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251264 |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310813 |
| NVIDIA Corp. | 28551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4979295 |
| Texas Instruments, Inc. | &nbsp;&nbsp; 1329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258012 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9215877 |
| **SOFTWARE — 10.1%**  | **SOFTWARE — 10.1%**  | **SOFTWARE — 10.1%**  |
| Adobe, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc. Class A <br> (a) | &nbsp;&nbsp;&nbsp;&nbsp; 306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119465 |
| Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108527 |
| Microsoft Corp. | &nbsp;&nbsp; 9196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3404083 |
| Oracle Corp. | &nbsp;&nbsp; 1905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 280245 |
| Salesforce, Inc. | &nbsp;&nbsp; 2662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496916 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ServiceNow, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 4410 | &nbsp;&nbsp; $461066 |
| Synopsys, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489256 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5517317 |
| **SPECIALIZED REITs — 1.3%**  | **SPECIALIZED REITs — 1.3%**  | **SPECIALIZED REITs — 1.3%**  |
| American Tower Corp. REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170509 |
| Equinix, Inc. REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531290 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 701799 |
| **SPECIALTY RETAIL — 2.2%**  | **SPECIALTY RETAIL — 2.2%**  | **SPECIALTY RETAIL — 2.2%**  |
| Home Depot, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 826500 |
| Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86951 |
| O'Reilly Automotive, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 2883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266130 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1179581 |
| **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS —** <br> **5.8%**  | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS —** <br> **5.8%**  | **TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS —** <br> **5.8%**  |
| Apple, Inc. | &nbsp;&nbsp; 12397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3146235 |
| **TOBACCO — 0.8%**  | **TOBACCO — 0.8%**  | **TOBACCO — 0.8%**  |
| Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 2502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413681 |
| **TRADING COMPANIES & DISTRIBUTORS — 1.3%**  | **TRADING COMPANIES & DISTRIBUTORS — 1.3%**  | **TRADING COMPANIES & DISTRIBUTORS — 1.3%**  |
| United Rentals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445879 |
| WW Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249795 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695674 |
| **WIRELESS TELECOMMUNICATION SERVICES — 0.2%**  | **WIRELESS TELECOMMUNICATION SERVICES — 0.2%**  | **WIRELESS TELECOMMUNICATION SERVICES — 0.2%**  |
| T-Mobile U.S., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114886 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS**<br> (Cost $56,043,662)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 53904876 |
| **SHORT-TERM INVESTMENT — 1.1%**  | **SHORT-TERM INVESTMENT — 1.1%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (b) (c)<br> (Cost $571,188) | 571188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 571188 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.2%**<br> (Cost $56,614,850) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.2%**<br> (Cost $56,614,850) | &nbsp;&nbsp;&nbsp;&nbsp; 54476064 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS** <br> **— (0.2)%**  | **LIABILITIES IN EXCESS OF OTHER ASSETS** <br> **— (0.2)%**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (96478) |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | &nbsp;&nbsp; $54379586 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. | The Fund invests in other funds and financial statements of <br> underlying funds can be found at www.sec.gov. |
| (a) | Non-income producing security. |
| (b) | The Fund invested in certain money market funds managed <br> by SSGA Funds Management, Inc. Amounts related to <br> these investments during the period ended March 31, 2026 <br> are shown in the Affiliate Table below.<br>|
| (c) | The rate shown is the annualized seven-day yield at <br> March 31, 2026.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> ADR American Depositary Receipt <br> REIT Real Estate Investment Trust

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET US EQUITY PREMIUM INCOME ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

The Fund had the following written option contracts at March 31, 2026:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Strike**<br> **Price**<br>| **Expiration**<br> **Date**<br>| **Number of**<br> **Contracts**<br>| **Notional**<br> **Amount**<br>| **Market**<br> **Value**<br>| **Premiums**<br> **Received**<br>| **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>|
| S&P 500 Index | N/A | USD 7,100 | 04/02/2026 | (21) | USD (14910000) | &nbsp;&nbsp; $(105)<br>| &nbsp;&nbsp; $(52017)<br>| &nbsp;&nbsp; $51912 |
| S&P 500 Index | N/A | USD 6,930 | 04/10/2026 | (20) | USD (13860000) | &nbsp;&nbsp; (1450)<br>| &nbsp;&nbsp; (145540)<br>| &nbsp;&nbsp; 144090 |
| S&P 500 Index | N/A | USD 6,815 | 04/17/2026 | (21) | USD (14311500) | &nbsp;&nbsp; (27615)<br>| &nbsp;&nbsp; (138852)<br>| &nbsp;&nbsp; 111237 |
| S&P 500 Index | N/A | USD 6,750 | 04/24/2026 | (21) | USD (14175000) | &nbsp;&nbsp; (91350)<br>| &nbsp;&nbsp; (170940)<br>| &nbsp;&nbsp; 79590 |
|  |  |  |  |  |  | &nbsp;&nbsp; $(120520)<br>| &nbsp;&nbsp; $(507349)<br>| &nbsp;&nbsp; $386829 |

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Common Stocks | &nbsp;&nbsp; $53904876 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $53904876 |
| Short-Term Investment | &nbsp;&nbsp; 571188 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 571188 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $54476064 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $54476064 |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Call Options Written | &nbsp;&nbsp; $(120520)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(120520)<br>|
| **TOTAL OTHER FINANCIAL INSTRUMENTS:** | &nbsp;&nbsp; $(120520)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(120520)<br>|

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **12/31/25**<br>| **Value at**<br> **12/31/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, Class G <br> Shares<br>| 24024 | $24024 | $1347386 | $800222 | $— | $— | 571188 | $571188 | $1673 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET NUVEEN MUNICIPAL BOND ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **MUNICIPAL BONDS & NOTES — 97.8%**  | **MUNICIPAL BONDS & NOTES — 97.8%**  |  |
| **ALABAMA — 5.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Belt Energy Gas District <br> Revenue, AL<br> Series B, 4.00%, 10/1/2052 (a) | $500000 | &nbsp;&nbsp; $502997 |
| &nbsp;&nbsp;&nbsp;&nbsp; County of Jefferson Sewer Revenue, <br> AL<br> 5.25%, 10/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Authority A <br> Cooperative District Revenue, AL<br> Series A, 5.00%, 11/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663907 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1382999 |
| **ARIZONA — 5.0%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arizona Board of Regents Revenue, <br> AZ<br> Series A, 5.00%, 7/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 794755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maricopa County Industrial <br> Development Authority Revenue, <br> AZ<br> AMT, 4.00%, 10/15/2047 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maricopa County Pollution Control <br> Corp. Revenue, AZ<br> Series B, 0.88%, 6/1/2043 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494485 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1375075 |
| **ARKANSAS — 1.9%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arkansas Development Finance <br> Authority Revenue, AR<br> AMT, 5.45%, 9/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529023 |
| **CALIFORNIA — 11.8%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Community Choice <br> Financing Authority Revenue, CA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E, 5.00%, 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E-1, 5.00%, 2/1/2054 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528103 |
| &nbsp;&nbsp;&nbsp;&nbsp; California Housing Finance Agency <br> Revenue, CA<br> Series 2021-1, Class A, 3.50%, <br> 11/20/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163263 |
| &nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco <br> Special Tax District No., Special <br> Tax Revenue, CA<br> Series B, 5.75%, 9/1/2053 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Orange County Community Facilities <br> District, Special Tax Revenue, CA<br> Series A, 5.00%, 8/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palomar Health, General Obligation, <br> CA<br> Series A, Assured Guaranty, Inc., <br> Zero Coupon, 8/1/2027 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95302 |
| &nbsp;&nbsp;&nbsp;&nbsp; San Francisco Bay Area Rapid <br> Transit District, General <br> Obligation, CA<br> Series H, 5.00%, 8/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 708542 |
| &nbsp;&nbsp;&nbsp;&nbsp; San Francisco City & County Airport <br> Comm-San Francisco <br> International Airport Revenue, CA<br> Series H, AMT, 5.00%, 5/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182827 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; State of California, General <br> Obligation, CA<br> 5.00%, 3/1/2030 | $250000 | &nbsp;&nbsp; $271989 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3209140 |
| **COLORADO — 2.7%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority <br> Revenue, CO<br> Series A-1, 4.00%, 8/1/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trails at Crowfoot Metropolitan <br> District No. 3, General Obligation, <br> CO<br> Series A, Assured Guaranty, Inc., <br> 5.00%, 12/1/2039 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 534176 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 732558 |
| **DISTRICT OF COLUMBIA —** <br> **1.1%** <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington Airports <br> Authority Dulles Toll Road <br> Revenue, DC<br> Series B, 4.00%, 10/1/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295741 |
| **FLORIDA — 7.5%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; County of Miami-Dade Water & <br> Sewer System Revenue, FL<br> 3.00%, 10/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crosswinds East Community <br> Development District, Special <br> Assessment, FL<br> 5.50%, 5/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Florida Development Finance Corp. <br> Revenue, FL: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, AMT, 4.38%, 10/1/2054 <br> (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251160 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMT, 4.50%, 7/1/2032 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298609 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMT, 6.13%, 7/1/2032 (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, AMT, VRN, 12.00%, <br> 7/1/2057 (a) (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preserve at South Branch <br> Community Development District, <br> Special Assessment, FL<br> 4.00%, 11/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286251 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2033146 |
| **GEORGIA — 5.8%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc. <br> Revenue, GA<br> Series E-1, 5.00%, 12/1/2053 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of <br> Georgia Revenue, GA<br> Series B, 5.00%, 1/1/2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Richmond County Hospital Authority <br> Revenue, GA<br> 3.00%, 1/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339973 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1576014 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET NUVEEN MUNICIPAL BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **IDAHO — 0.4%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Spring Valley Community <br> Infrastructure District No. 1, <br> Special Assessment, ID<br> 6.25%, 9/1/2053 (b) | $100000 | &nbsp;&nbsp; $101979 |
| **ILLINOIS — 3.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport <br> Revenue, IL<br> Build America Mutual Assurance <br> Corp., 5.00%, 1/1/2038 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Illinois University Revenue, <br> IL<br> Series B, Build America Mutual <br> Assurance Corp., 4.00%, 4/1/2037 <br> (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339919 |
| &nbsp;&nbsp;&nbsp;&nbsp; State of Illinois, General Obligation, <br> IL: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series D, 3.25%, 11/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153816 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862459 |
| **IOWA — 0.8%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Iowa Finance Authority Revenue, IA<br> 4.00%, 12/1/2050 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213199 |
| **KANSAS — 1.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; City of Olathe, General Obligation, <br> KS<br> Series 234, 3.00%, 10/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 295334 |
| **KENTUCKY — 1.6%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kentucky Economic Development <br> Finance Authority Revenue, KY<br> Series A-P3, 4.25%, 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450116 |
| **LOUISIANA — 2.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Louisiana Offshore Terminal <br> Authority Revenue, LA<br> Series 2007A, 4.15%, 9/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Louisiana Public Facilities Authority <br> Revenue, LA<br> Series A, 4.00%, 4/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311177 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564217 |
| **MARYLAND — 0.8%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State of Maryland Department of <br> Transportation Revenue, MD<br> Series B, AMT, 5.00%, 8/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214713 |
| **MICHIGAN — 3.3%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Michigan Finance Authority <br> Revenue, MI<br> 5.00%, 11/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Michigan State Building Authority <br> Revenue, MI<br> Series I, 2.52%, 4/15/2059 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Michigan State University Revenue, <br> MI<br> Series A, 5.00%, 2/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 543361 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 907794 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **MINNESOTA — 1.4%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Duluth Economic Development <br> Authority Revenue, MN<br> Series A, 4.00%, 6/15/2037 | $380000 | &nbsp;&nbsp; $385327 |
| **MISSOURI — 0.4%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; City of St. Louis Airport Revenue, <br> MO<br> Series C, 5.00%, 7/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106826 |
| **NEBRASKA — 1.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Central Plains Energy Project <br> Revenue, NE<br> Series A, 5.00%, 5/1/2054 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290860 |
| **NEW JERSEY — 1.9%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; New Jersey Turnpike Authority <br> Revenue, NJ<br> Series B, 5.00%, 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531686 |
| **NEW MEXICO — 2.7%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; New Mexico Hospital Equipment <br> Loan Council Revenue, NM<br> Series A, 4.00%, 8/1/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747081 |
| **NEW YORK — 7.7%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; New York City Industrial <br> Development Agency Revenue, <br> NY<br> Series A, Assured Guaranty, Inc., <br> 3.00%, 3/1/2036 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 795000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749587 |
| &nbsp;&nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp. Revenue, NY<br> AMT, 6.00%, 4/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority <br> Revenue, NY: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 412320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662951 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2098983 |
| **OHIO — 2.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State of Ohio Revenue, OH<br> Series A, 3.25%, 1/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561126 |
| **OKLAHOMA — 5.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County Finance Authority <br> Revenue, OK<br> 4.00%, 9/1/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance <br> Authority Revenue, OK<br> Series B, 5.00%, 8/15/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Turnpike Authority <br> Revenue, OK<br> Series A, 5.00%, 1/1/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 586406 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1384496 |
| **PENNSYLVANIA — 0.4%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Economic <br> Development Financing Authority <br> Revenue, PA<br> Series C, 5.25%, 12/1/2037 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100187 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET NUVEEN MUNICIPAL BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **TENNESSEE — 1.0%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp. <br> Revenue, TN<br> Series A, 5.25%, 9/1/2026 | $275000 | &nbsp;&nbsp; $277129 |
| **TEXAS — 10.7%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Board of Regents of the University of <br> Texas System Revenue, TX<br> Series B, 5.00%, 8/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516657 |
| &nbsp;&nbsp;&nbsp;&nbsp; City of San Antonio, General <br> Obligation, TX<br> 5.00%, 2/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fort Bend Independent School <br> District, General Obligation, TX<br> Series B, Permanent School <br> Fund, 4.00%, 2/15/2033 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lewisville Independent School <br> District, General Obligation, TX<br> Permanent School Fund, 5.00%, <br> 8/15/2028 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105684 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education <br> Facilities Finance Corp. Revenue, <br> TX<br> Series A1, 5.50%, 1/1/2057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Municipal Power Agency <br> Revenue, TX<br> Assured Guaranty, Inc., 3.00%, <br> 9/1/2039 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface <br> Transportation Corp. Revenue, TX<br> AMT, 5.50%, 12/31/2058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Van Alstyne Independent School <br> District, General Obligation, TX<br> Permanent School Fund, 5.00%, <br> 2/15/2029 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254670 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2909758 |
| **UTAH — 3.8%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Utah Associated Municipal Power <br> Systems Revenue, UT<br> Series A, 5.00%, 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Utah Telecommunication Open <br> Infrastructure Agency Revenue, <br> UT<br> 4.38%, 6/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 768059 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1037394 |
| **VIRGINIA — 1.8%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Isle Wight County Industrial <br> Development Authority Revenue, <br> VA<br> Assured Guaranty, Inc., 5.25%, <br> 7/1/2048 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virginia Small Business Financing <br> Authority Revenue, VA<br> AMT, 5.00%, 6/30/2039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129546 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489646 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **WASHINGTON — 1.3%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State of Washington, General <br> Obligation, WA<br> Series 2017-A, 5.00%, 8/1/2029 | $150000 | &nbsp;&nbsp; $151203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Washington Health Care Facilities <br> Authority Revenue, WA<br> 5.00%, 8/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203243 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354446 |
| **WISCONSIN — 2.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority Revenue, <br> WI<br> Series A, 6.00%, 6/15/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wisconsin Health & Educational <br> Facilities Authority Revenue, WI<br> Series A, 3.00%, 10/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377791 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595676 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUNICIPAL BONDS & NOTES**<br> (Cost $26,461,067) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUNICIPAL BONDS & NOTES**<br> (Cost $26,461,067) | &nbsp;&nbsp;&nbsp;&nbsp; 26614128 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **WARRANTS — 0.0%** <sup>\*</sup> <br>|  |  |
| **CONSTRUCTION &** <br> **ENGINEERING — 0.0%** <sup>\*</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BL Train Holdings West LLC <br> (expiring 12/01/35) (d) (e)<br> (Cost $0)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3480 |
| **SHORT-TERM INVESTMENT — 2.2%**  | **SHORT-TERM INVESTMENT — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (f) (g)<br> (Cost $608,430) | 608430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 608430 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.0%**<br> (Cost $27,069,497) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.0%**<br> (Cost $27,069,497) | &nbsp;&nbsp;&nbsp;&nbsp; 27226038 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS** <br> **— (0.0)%** <sup>\*</sup> | **LIABILITIES IN EXCESS OF OTHER ASSETS** <br> **— (0.0)%** <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1649) |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | &nbsp;&nbsp; $27224389 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET NUVEEN MUNICIPAL BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 6.1% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Bond is insured by the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **% of**<br> **Net Assets**<br>|
| Assured Guaranty, Inc. | 7.2<br> % <br>|
| Permanent School Fund Guaranteed | 3.6<br> % <br>|
| Build America Mutual Assurance Corp. | 2.2<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d) Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on significant unobservable inputs and is classified as Level 3. As of March 31, 2026, total aggregate fair value of the securities is $3,480, representing less than 0.05% of the Fund's net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(f) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(g) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Amount is less than 0.05% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> AMT Alternative Minimum Tax <br> VRN Variable Rate Note

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Municipal Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $26614128 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $26614128 |
| Warrants | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3480 | &nbsp;&nbsp; 3480 |
| Short-Term Investment | &nbsp;&nbsp; 608430 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 608430 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $608430 | &nbsp;&nbsp; $26614128 | &nbsp;&nbsp; $3480 | &nbsp;&nbsp; $27226038 |

---

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, Class G <br> Shares<br>| 544042 | $544042 | $3656969 | $3592581 | $— | $— | 608430 | $608430 | $19024 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET NUVEEN MUNICIPAL BOND ESG ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **MUNICIPAL BONDS & NOTES — 96.6%**  | **MUNICIPAL BONDS & NOTES — 96.6%**  |  |
| **ALABAMA — 3.7%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Belt Energy Gas District <br> Revenue, AL<br> Series C, 5.50%, 10/1/2054 (a) | $300000 | &nbsp;&nbsp; $323656 |
| **CALIFORNIA — 10.3%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; California Community Choice <br> Financing Authority Revenue, CA<br> Series D, 5.50%, 5/1/2054 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313725 |
| &nbsp;&nbsp;&nbsp;&nbsp; City of San Francisco Public Utilities <br> Commission Water Revenue, CA<br> Series A, 5.00%, 11/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306713 |
| &nbsp;&nbsp;&nbsp;&nbsp; State of California, General Obligation, <br> CA<br> 5.00%, 3/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276246 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 896684 |
| **CONNECTICUT — 4.8%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State of Connecticut, General <br> Obligation, CT<br> Series E, 5.00%, 11/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steel Point Infrastructure Improvement <br> District, Special Obligation, CT<br> 4.00%, 4/1/2031 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302954 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414570 |
| **DELAWARE — 1.5%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Delaware Transportation Authority <br> Revenue, DE<br> 5.00%, 7/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127684 |
| **GEORGIA — 2.5%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Douglas County School District, <br> General Obligation, GA<br> State Aid Withholding, 5.00%, <br> 4/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214089 |
| **ILLINOIS — 5.0%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport <br> Revenue, IL<br> Build America Mutual Assurance <br> Corp., 5.00%, 1/1/2038 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268463 |
| &nbsp;&nbsp;&nbsp;&nbsp; State of Illinois, General Obligation, IL<br> Series C, 4.00%, 10/1/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169298 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437761 |
| **IOWA — 1.9%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Iowa Finance Authority Revenue, IA<br> VRN, 5.00%, 12/1/2050 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168931 |
| **MAINE — 1.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State of Maine, General Obligation, <br> ME<br> Series B, 5.00%, 6/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102904 |
| **MARYLAND — 3.7%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; County of Baltimore, General <br> Obligation, MD<br> 5.00%, 3/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319719 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **MASSACHUSETTS — 3.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Massachusetts Development Finance <br> Agency Revenue, MA<br> Series F, 5.00%, 7/1/2039 | $250000 | &nbsp;&nbsp; $276349 |
| **MINNESOTA — 1.3%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; University of Minnesota Revenue, MN<br> Series B, 5.00%, 10/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111188 |
| **NEBRASKA — 1.9%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Omaha Public Power District <br> Revenue, NE<br> Series A, 5.00%, 2/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170307 |
| **NEW JERSEY — 6.6%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; New Jersey Economic Development <br> Authority Revenue, NJ<br> Series MMM, 5.00%, 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245577 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund <br> Authority Revenue, NJ<br> Series CC, 5.25%, 6/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333152 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 578729 |
| **NEW YORK — 13.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority <br> Dedicated Tax Fund Revenue, NY<br> Series A, 5.00%, 11/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409463 |
| &nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water <br> Finance Authority Revenue, NY<br> Series BB, 5.00%, 6/15/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262054 |
| &nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority <br> Revenue, NY<br> Series A, 5.00%, 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority <br> Revenue, NY<br> Series A, 5.00%, 12/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309240 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1148013 |
| **OHIO — 1.3%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State of Ohio Revenue, OH<br> 5.00%, 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110747 |
| **OREGON — 6.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; City of Portland Sewer System <br> Revenue, OR<br> Series A, 4.50%, 5/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medford Hospital Facilities Authority <br> Revenue, OR<br> Series A, 5.00%, 8/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386908 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 537107 |
| **PENNSYLVANIA — 7.4%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commonwealth of Pennsylvania, <br> General Obligation, PA<br> Series FIRST, 5.00%, 4/1/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Economic Development <br> Financing Authority Revenue, PA<br> Series 2021A-2, 4.60%, 10/1/2046 <br> (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376118 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 648850 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET NUVEEN MUNICIPAL BOND ESG ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **TEXAS — 13.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allen Independent School District, <br> General Obligation, TX<br> Series A, Permanent School Fund <br> Guaranteed, 5.00%, 2/15/2032 (c) | $125000 | &nbsp;&nbsp; $139016 |
| &nbsp;&nbsp;&nbsp;&nbsp; City of San Antonio Electric & Gas <br> Systems Revenue, TX<br> Series A, 5.00%, 2/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frisco Independent School District, <br> General Obligation, TX<br> Series B, Permanent School Fund <br> Guaranteed, 5.00%, 2/15/2032 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamar Consolidated Independent <br> School District, General Obligation, <br> TX<br> Series A, Permanent School Fund <br> Guaranteed, 5.00%, 2/15/2031 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137192 |
| &nbsp;&nbsp;&nbsp;&nbsp; North Texas Tollway Authority <br> Revenue, TX<br> Series A, 5.00%, 1/1/2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prosper Independent School District, <br> General Obligation, TX<br> Permanent School Fund <br> Guaranteed, 5.00%, 2/15/2034 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119294 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1137808 |
| **VIRGINIA — 6.5%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Isle Wight County Industrial <br> Development Authority Revenue, <br> VA<br> Assured Guaranty, Inc., 5.25%, <br> 7/1/2048 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virginia Small Business Financing <br> Authority Revenue, VA<br> AMT, 5.00%, 1/1/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208160 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 568260 |
| **WASHINGTON — 1.3%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; County of King, General Obligation, <br> WA<br> Series A, 5.00%, 1/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113789 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUNICIPAL BONDS & NOTES**<br> (Cost $8,353,945) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUNICIPAL BONDS & NOTES**<br> (Cost $8,353,945) | &nbsp;&nbsp;&nbsp;&nbsp; 8407145 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **SHORT-TERM INVESTMENT — 2.2%**  | **SHORT-TERM INVESTMENT — 2.2%**  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Class G Shares 3.64% (d) <br> (e)<br> (Cost $195,112) | 195112 | &nbsp;&nbsp; $195112 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 98.8%**<br> (Cost $8,549,057) | &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 98.8%**<br> (Cost $8,549,057) | &nbsp;&nbsp;&nbsp;&nbsp; 8602257 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES —** <br> **1.2%**  | **OTHER ASSETS IN EXCESS OF LIABILITIES —** <br> **1.2%**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104294 |
| **NET ASSETS — 100.0%** | **NET ASSETS — 100.0%** | &nbsp;&nbsp; $8706551 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 3.5% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Bond is insured by the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **% of**<br> **Net Assets**<br>|
| Permanent School Fund Guaranteed | 8.1<br> % <br>|
| Assured Guaranty, Inc. | 4.1<br> % <br>|
| Build America Mutual Assurance Corp. | 3.1<br> % <br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> AMT Alternative Minimum Tax <br> VRN Variable Rate Note

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Municipal Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $8407145 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $8407145 |
| Short-Term Investment | &nbsp;&nbsp; 195112 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 195112 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $195112 | &nbsp;&nbsp; $8407145 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $8602257 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET NUVEEN MUNICIPAL BOND ESG ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, Class G <br> Shares<br>| 735970 | $735970 | $4603036 | $5143894 | $— | $— | 195112 | $195112 | $23463 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments**

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **CORPORATE BONDS &** <br> **NOTES — 68.8%** <br>|  |  |
| **AUSTRALIA — 1.7%**  | **AUSTRALIA — 1.7%**  | **AUSTRALIA — 1.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AngloGold Ashanti Holdings PLC <br> 6.50%, 4/15/2040<br>| $54000 | &nbsp;&nbsp; $56830 |
| Fortescue Treasury Pty. Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 4/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 4/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192095 |
| Mineral Resources Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 5/1/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 10/1/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Star Resources Ltd. <br> 6.13%, 4/11/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rio Tinto Finance USA PLC <br> 5.25%, 3/14/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sydney Airport Finance Co. Pty. <br> Ltd. <br> 5.25%, 3/26/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153738 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898006 |
| **BRAZIL — 0.6%**  | **BRAZIL — 0.6%**  | **BRAZIL — 0.6%**  |
| Petrobras Global Finance BV: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 1/10/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 7/3/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101887 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331740 |
| **CANADA — 2.3%**  | **CANADA — 2.3%**  | **CANADA — 2.3%**  |
| Bombardier, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 7/1/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 5/1/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 11/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43648 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cascades, Inc./Cascades USA, <br> Inc. <br> 6.75%, 7/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Champion Iron Canada, Inc. <br> 7.88%, 7/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enerflex, Inc. <br> 6.88%, 1/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saturn Oil & Gas, Inc. <br> 9.63%, 6/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taseko Mines Ltd. <br> 8.25%, 5/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109523 |
| Vermilion Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 5/1/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 2/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153240 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1240224 |
| **CAYMAN ISLANDS — 0.3%**  | **CAYMAN ISLANDS — 0.3%**  | **CAYMAN ISLANDS — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Aircraft Leasing Co. Ltd. <br> 8.75%, 9/1/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134871 |
| **CHILE — 0.4%**  | **CHILE — 0.4%**  | **CHILE — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corp. Nacional del Cobre de <br> Chile <br> 5.53%, 1/30/2037 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196847 |
| **CHINA — 0.4%**  | **CHINA — 0.4%**  | **CHINA — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. <br> 3.15%, 2/9/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82165 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Prosus NV <br> 4.19%, 1/19/2032 (a)<br>| $157000 | &nbsp;&nbsp; $147571 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229736 |
| **DENMARK — 0.5%**  | **DENMARK — 0.5%**  | **DENMARK — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Genmab AS/Genmab <br> Finance LLC <br> 6.25%, 12/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243988 |
| **FRANCE — 1.5%**  | **FRANCE — 1.5%**  | **FRANCE — 1.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas SA VRN, 5 yr. CMT <br> + 2.85%,<br> 6.88%, 12/15/2033 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346605 |
| &nbsp;&nbsp;&nbsp;&nbsp; L'Oreal SA <br> 5.00%, 5/20/2035 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Societe Generale SA VRN, 5 yr. <br> CMT + 2.95%,<br> 7.13%, 7/15/2035 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248883 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 798998 |
| **GERMANY — 0.5%**  | **GERMANY — 0.5%**  | **GERMANY — 0.5%**  |
| Deutsche Bank AG: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.72%, 3.04%, <br> 5/28/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. USD SOFR ICE <br> Swap + 4.36%, 8.13%, <br> 4/30/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205890 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283697 |
| **GREECE — 0.5%**  | **GREECE — 0.5%**  | **GREECE — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaos Corp. <br> 6.88%, 10/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272470 |
| **IRELAND — 0.1%**  | **IRELAND — 0.1%**  | **IRELAND — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital <br> DAC/AerCap Global Aviation <br> Trust <br> 3.30%, 1/30/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78182 |
| **ITALY — 1.0%**  | **ITALY — 1.0%**  | **ITALY — 1.0%**  |
| Telecom Italia Capital SA: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 7/18/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.72%, 6/4/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133707 |
| &nbsp;&nbsp;&nbsp;&nbsp; UniCredit SpA 5 yr. USD ICE <br> Swap + 4.91%,<br> 7.30%, 4/2/2034 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404133 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 554039 |
| **JAPAN — 1.3%**  | **JAPAN — 1.3%**  | **JAPAN — 1.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kioxia Holdings Corp. <br> 6.25%, 7/24/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nissan Motor Co. Ltd. <br> 4.81%, 9/17/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 426022 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 692560 |
| **LUXEMBOURG — 0.1%**  | **LUXEMBOURG — 0.1%**  | **LUXEMBOURG — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; SES AMERICOM, Inc. <br> 5.30%, 3/25/2044 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70288 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **NETHERLANDS — 0.5%**  | **NETHERLANDS — 0.5%**  | **NETHERLANDS — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; ING Groep NV SOFR + 1.61%,<br> 5.42%, 3/23/2037 (b)<br>| $200000 | &nbsp;&nbsp; $199306 |
| &nbsp;&nbsp;&nbsp;&nbsp; NXP BV/NXP Funding LLC/NXP <br> USA, Inc. <br> 5.00%, 1/15/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41806 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241112 |
| **SOUTH AFRICA — 0.8%**  | **SOUTH AFRICA — 0.8%**  | **SOUTH AFRICA — 0.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Anglo American Capital PLC <br> 5.75%, 4/5/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195193 |
| &nbsp;&nbsp;&nbsp;&nbsp; Windfall Mining Group, <br> Inc./Groupe Minier Windfall, <br> Inc. <br> 5.85%, 5/13/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258991 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454184 |
| **SPAIN — 0.4%**  | **SPAIN — 0.4%**  | **SPAIN — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria <br> SA VRN, 5 yr. CMT + 3.25%,<br> 7.75%, 1/14/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194332 |
| **SWITZERLAND — 1.1%**  | **SWITZERLAND — 1.1%**  | **SWITZERLAND — 1.1%**  |
| UBS Group AG: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 3.70%, 6.44%, <br> 8/11/2028 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. USD SOFR ICE <br> Swap + 3.30%, 7.00%, <br> 2/5/2035 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277402 |
| &nbsp;&nbsp;&nbsp;&nbsp; VistaJet Malta Finance <br> PLC/Vista Management <br> Holding, Inc. <br> 9.50%, 6/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126087 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610553 |
| **UNITED KINGDOM — 3.1%**  | **UNITED KINGDOM — 3.1%**  | **UNITED KINGDOM — 3.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Avianca Midco 2 PLC <br> 9.00%, 12/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC VRN, 5 yr. USD <br> SOFR ICE Swap + 3.69%,<br> 7.63%, 3/15/2035 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202264 |
| &nbsp;&nbsp;&nbsp;&nbsp; British Telecommunications PLC <br> 9.63%, 12/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106307 |
| HSBC Holdings PLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.55%, 5.28%, <br> 3/10/2037 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 3.02%, 7.40%, <br> 11/13/2034 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VRN, 5 yr. CMT + 2.91%, <br> 6.75%, 3/24/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC VRN, <br> 1 yr. CMT + 1.60%,<br> 6.07%, 6/13/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lseg U.S. Fin Corp. <br> 5.25%, 3/23/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Standard Chartered PLC VRN, 5 <br> yr. CMT + 2.87%,<br> 7.00%, 11/14/2035 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242834 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1674564 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **UNITED STATES — 51.7%**  | **UNITED STATES — 51.7%**  | **UNITED STATES — 51.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; AAR Escrow Issuer LLC <br> 6.75%, 3/15/2029 (a)<br>| $215000 | &nbsp;&nbsp; $219091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ahead DB Holdings LLC <br> 6.63%, 5/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allegiant Travel Co. <br> 7.25%, 8/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. <br> 5.45%, 11/15/2055<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alta Equipment Group, Inc. <br> 9.00%, 6/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alumina Pty. Ltd. <br> 6.38%, 9/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237457 |
| Amazon.com, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 5/12/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 3/13/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269114 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMC Networks, Inc. <br> 10.50%, 7/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77979 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing, <br> Inc. <br> 7.75%, 10/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132418 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., <br> Inc. Series C, VRN, 5 yr. CMT <br> + 2.13%,<br> 5.80%, 3/15/2056 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200448 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co. <br> 5.85%, 11/5/2027<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33792 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Financial Group, Inc. <br> 5.00%, 9/23/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177606 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. <br> 2.30%, 9/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120611 |
| &nbsp;&nbsp;&nbsp;&nbsp; AmeriGas Partners LP/AmeriGas <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 6/1/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 6/1/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameriprise Financial, Inc. <br> 4.50%, 5/13/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41660 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. <br> 4.20%, 3/1/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC <br> 6.88%, 8/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream <br> Partners LP/Antero Midstream <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 1/15/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103917 |
| &nbsp;&nbsp;&nbsp;&nbsp; APH Somerset Investor 2 <br> LLC/APH2 Somerset Investor <br> 2 LLC/APH3 Somerset <br> Investor 2 LLC <br> 7.88%, 11/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Debt Solutions BDC <br> 5.70%, 1/23/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Materials, Inc. <br> 4.60%, 1/15/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1175212 |
| &nbsp;&nbsp;&nbsp;&nbsp; ARES Capital Corp. <br> 5.25%, 4/12/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82173 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc. <br> 7.50%, 4/1/2029 (a)<br>| $26000 | &nbsp;&nbsp; $25747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arko Corp. <br> 5.13%, 11/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82257 |
| &nbsp;&nbsp;&nbsp;&nbsp; Athene Holding Ltd. VRN, 5 yr. <br> CMT + 2.58%,<br> 6.88%, 6/28/2055 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103733 |
| ATI, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 8/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlanticus Holdings Corp. <br> 9.75%, 9/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC/Avis <br> Budget Finance, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 3/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 2/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 6/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avnet, Inc. <br> 5.50%, 6/1/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40510 |
| &nbsp;&nbsp;&nbsp;&nbsp; B&G Foods, Inc. <br> 8.00%, 9/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bain Capital Specialty Finance, <br> Inc. <br> 2.55%, 10/13/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142790 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biogen, Inc. <br> 5.05%, 1/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackrock, Inc. <br> 2.10%, 2/25/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51580 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc. <br> 7.75%, 12/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70288 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blue Owl Capital Corp. <br> 8.45%, 11/15/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boardwalk Pipelines LP <br> 5.38%, 2/15/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bristow Group, Inc. <br> 6.75%, 2/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240287 |
| Broadcom, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 2/15/2041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 4/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brundage-Bone Concrete <br> Pumping Holdings, Inc. <br> 7.50%, 2/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69680 |
| &nbsp;&nbsp;&nbsp;&nbsp; BWX Technologies, Inc. <br> 4.13%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc. <br> 4.70%, 9/10/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52045 |
| California Resources Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 1/15/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 6/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48134 |
| Capital One Financial Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 2.04%, 6.18%, <br> 1/30/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 3.37%, 7.96%, <br> 11/2/2034 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carlyle Secured Lending, Inc. <br> 5.75%, 2/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61319 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Carnival Corp. <br> 5.13%, 5/1/2029 (a)<br>| $168000 | &nbsp;&nbsp; $166718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carpenter Technology Corp. <br> 5.63%, 3/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carriage Purchaser, Inc. <br> 7.88%, 10/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36124 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caterpillar, Inc. <br> 5.20%, 5/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102385 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO <br> Holdings Capital Corp. <br> 4.50%, 8/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC <br> 7.38%, 7/15/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51169 |
| &nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy Houston <br> Electric LLC <br> 5.30%, 4/1/2053<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Century Communities, Inc. <br> 6.63%, 9/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Champions Financing, Inc. <br> 8.75%, 2/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter <br> Communications Operating <br> Capital <br> 5.85%, 12/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemours Co. <br> 8.00%, 1/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. <br> 5.20%, 7/30/2036 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ciena Corp. <br> 4.00%, 1/31/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citadel Finance LLC <br> 5.15%, 2/14/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citadel LP <br> 6.00%, 1/23/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33991 |
| Citigroup, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.49%, 5.17%, <br> 9/11/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.83%, 6.02%, <br> 1/24/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series GG, 5 yr. CMT + <br> 2.89%, 6.88%, 8/15/2030 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clarios Global LP/Clarios <br> U.S. Finance Co. <br> 6.75%, 9/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cobra AcquisitionCo LLC <br> 6.38%, 11/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coherent Corp. <br> 5.00%, 12/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbus McKinnon Corp. <br> 7.13%, 2/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comcast Corp. <br> 2.99%, 11/1/2063<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Metals Co. <br> 4.13%, 1/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239108 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Compass Minerals International, <br> Inc. <br> 8.00%, 7/1/2030 (a)<br>| $110000 | &nbsp;&nbsp; $113894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Continental Resources, Inc. <br> 2.27%, 11/15/2026 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cooper-Standard Automotive, <br> Inc. <br> 9.25%, 3/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152172 |
| &nbsp;&nbsp;&nbsp;&nbsp; COPT Defense Properties LP <br> 2.75%, 4/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15362 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoreWeave, Inc. <br> 9.25%, 6/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crescent Energy Finance LLC <br> 7.88%, 4/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Americas LLC <br> 5.88%, 6/1/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113070 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVR Energy, Inc. <br> 7.88%, 2/15/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delek Logistics <br> Partners LP/Delek Logistics <br> Finance Corp. <br> 7.38%, 6/30/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. <br> 5.25%, 7/10/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35268 |
| Deluxe Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 6/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 9/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. <br> 6.25%, 3/15/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211418 |
| Discovery Communications LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 9/20/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 6/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82391 |
| Discovery Global Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 3/15/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18013 |
| &nbsp;&nbsp;&nbsp;&nbsp; DISH DBS Corp. <br> 5.75%, 12/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Healthcare Trust <br> 4.38%, 3/1/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. Series A, <br> 5 yr. CMT + 2.39%,<br> 6.88%, 2/1/2055 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dotdash Meredith, Inc. <br> 7.63%, 6/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69152 |
| &nbsp;&nbsp;&nbsp;&nbsp; DT Midstream, Inc. <br> 4.38%, 6/15/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13515 |
| &nbsp;&nbsp;&nbsp;&nbsp; EchoStar Corp. <br> 10.75%, 11/30/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Edison International <br> 6.25%, 3/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5182 |
| &nbsp;&nbsp;&nbsp;&nbsp; EF Holdco/EF Cayman <br> Holdings/Ellington Financial <br> REIT Cayman/TRS/EF <br> Cayman Non-MTM <br> 7.38%, 9/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc. <br> 6.40%, 8/28/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212258 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly & Co. <br> 4.70%, 2/27/2033<br>| $69000 | &nbsp;&nbsp; $69541 |
| &nbsp;&nbsp;&nbsp;&nbsp; EnerSys <br> 4.38%, 12/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Arkansas LLC <br> 5.45%, 6/1/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51508 |
| &nbsp;&nbsp;&nbsp;&nbsp; ERP Operating LP <br> 4.65%, 9/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Excelerate Energy LP <br> 8.00%, 5/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 217799 |
| &nbsp;&nbsp;&nbsp;&nbsp; EZCORP, Inc. <br> 7.38%, 4/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Financial, Inc. <br> 2.45%, 3/15/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28249 |
| Flex Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 1/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/13/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. <br> 4.63%, 8/1/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136204 |
| &nbsp;&nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC <br> 5.50%, 5/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Garrett Motion Holdings, <br> Inc./Garrett LX I SARL <br> 7.75%, 5/31/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genuine Parts Co. <br> 4.95%, 8/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Getty Images, Inc. <br> 11.25%, 2/21/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. <br> 5.40%, 8/15/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. <br> SOFR + 1.19%,<br> 5.07%, 1/21/2037 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73435 |
| &nbsp;&nbsp;&nbsp;&nbsp; GoTo Group, Inc. <br> 5.50%, 5/1/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Great Lakes Dredge & Dock <br> Corp. <br> 5.25%, 6/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gulfport Energy Operating Corp. <br> 6.75%, 9/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., <br> Inc. <br> 5.88%, 4/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120154 |
| &nbsp;&nbsp;&nbsp;&nbsp; HLF Financing <br> SARL LLC/Herbalife <br> International, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 6/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 4/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97033 |
| &nbsp;&nbsp;&nbsp;&nbsp; HUB International Ltd. <br> 7.38%, 1/31/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hughes Satellite Systems Corp. <br> 5.25%, 8/1/2026<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18987 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyatt Hotels Corp. <br> 5.75%, 3/30/2032<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46216 |
| iHeartCommunications, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 8/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 5/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51777 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Innophos Holdings, Inc. <br> 11.50%, 6/15/2029 (a)<br>| $84000 | &nbsp;&nbsp; $69926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. <br> 5.45%, 2/1/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, <br> Inc. <br> 6.75%, 5/1/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62931 |
| &nbsp;&nbsp;&nbsp;&nbsp; JBS NV/JBS USA Foods Group <br> Holdings, Inc./JBS USA Food <br> Co. Holdings <br> 5.95%, 4/20/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34240 |
| &nbsp;&nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue <br> Loyalty LP <br> 9.88%, 9/20/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107737 |
| JPMorgan Chase & Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 mo. USD Term SOFR + <br> 1.46%, 3.16%, 4/22/2042 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.32%, 5.50%, <br> 1/24/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.64%, 5.58%, <br> 7/23/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.68%, 5.57%, <br> 4/22/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series OO, VRN, 5 yr. CMT + <br> 2.15%, 6.50%, 4/1/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp. <br> 5.88%, 3/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kohl's Corp. <br> 5.13%, 5/1/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. <br> 5.63%, 6/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leeward Renewable Energy <br> Operations LLC <br> 4.25%, 7/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Mutual Group, Inc. <br> 4.30%, 2/1/2061 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lindblad Expeditions LLC <br> 7.00%, 9/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long Ridge Energy LLC <br> 8.75%, 2/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108023 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. <br> 2.80%, 9/15/2041<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62651 |
| &nbsp;&nbsp;&nbsp;&nbsp; LPL Holdings, Inc. <br> 5.75%, 6/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134388 |
| Macy's Retail Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 3/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison IAQ LLC <br> 5.88%, 6/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Manitowoc Co., Inc. <br> 9.25%, 10/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marriott International, Inc. <br> 5.50%, 4/15/2037<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Match Group Holdings II LLC <br> 6.13%, 9/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc. <br> 8.00%, 10/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38333 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; McAfee Corp. <br> 7.38%, 2/15/2030 (a)<br>| $80000 | &nbsp;&nbsp; $65993 |
| &nbsp;&nbsp;&nbsp;&nbsp; McGraw-Hill Education, Inc. <br> 8.00%, 8/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merck & Co., Inc. <br> 4.75%, 12/4/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Micron Technology, Inc. <br> 6.05%, 11/1/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Millennium Escrow Corp. <br> 6.63%, 8/1/2026 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Millrose Properties, Inc. <br> 6.38%, 8/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moog, Inc. <br> 4.25%, 12/15/2027 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley SOFR + 1.76%,<br> 5.66%, 4/17/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158667 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI, Inc. <br> 3.63%, 11/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mueller Water Products, Inc. <br> 4.00%, 6/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries, Inc. <br> 7.63%, 11/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nassau Cos., of New York <br> 7.88%, 7/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newfold Digital Holdings Group, <br> Inc. <br> 11.75%, 4/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57528 |
| &nbsp;&nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL <br> Energy Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 2/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 2/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Noble Finance II LLC <br> 8.00%, 4/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Novelis Corp. <br> 4.75%, 1/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152488 |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc. <br> 6.25%, 11/1/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18129 |
| NuStar Logistics LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 4/28/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 10/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oaktree Strategic Credit Fund <br> 6.19%, 7/15/2030<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC <br> 4.30%, 5/15/2028<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp. <br> 5.70%, 2/4/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Owens-Brockway Glass <br> Container, Inc. <br> 7.38%, 6/1/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62487 |
| &nbsp;&nbsp;&nbsp;&nbsp; PacifiCorp <br> 3.30%, 3/15/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Park-Ohio Industries, Inc. <br> 8.50%, 8/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106340 |
| Patrick Industries, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 5/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/1/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28009 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF <br> Finance Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 9/15/2030 (a) | $89000 | &nbsp;&nbsp; $91279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 3/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141347 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc. <br> 5.38%, 2/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Perimeter Holdings LLC <br> 6.25%, 1/15/2034 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47141 |
| Phinia, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/15/2032 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 4/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle Bank/Nashville TN <br> VRN, 5 yr. CMT + 2.30%,<br> 5.96%, 1/15/2036 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Planet Financial Group LLC <br> 10.50%, 12/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prudential Financial, Inc. 5 yr. <br> CMT + 3.23%,<br> 6.00%, 9/1/2052 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Storage Operating Co. <br> 2.25%, 11/9/2031<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37214 |
| &nbsp;&nbsp;&nbsp;&nbsp; QUALCOMM, Inc. <br> 5.40%, 5/20/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129012 |
| &nbsp;&nbsp;&nbsp;&nbsp; QXO Building Products, Inc. <br> 6.75%, 4/30/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Resideo Funding, Inc. <br> 4.00%, 9/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rithm Capital Corp. <br> 8.00%, 7/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. <br> 5.25%, 2/27/2038<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220588 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL, Inc. <br> 11.13%, 7/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Salesforce, Inc. <br> 5.55%, 3/15/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 271000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seagate Data Storage <br> Technology Pte. Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.09%, 6/1/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/1/2034 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 7/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 7/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28308 |
| &nbsp;&nbsp;&nbsp;&nbsp; SESI LLC <br> 7.88%, 9/30/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63221 |
| &nbsp;&nbsp;&nbsp;&nbsp; SM Energy Co. <br> 9.63%, 6/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southwestern Electric Power Co. <br> 5.20%, 4/1/2036<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stagwell Global LLC <br> 5.63%, 8/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Staples, Inc. <br> 10.75%, 9/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13003 |
| &nbsp;&nbsp;&nbsp;&nbsp; Star Leasing Co. LLC <br> 7.63%, 2/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97677 |
| Starwood Property Trust, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 1/15/2027 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/15/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53888 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC <br> 7.25%, 3/15/2032 (a)<br>| $102000 | &nbsp;&nbsp; $105878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stonex Escrow Issuer LLC <br> 6.88%, 7/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122589 |
| &nbsp;&nbsp;&nbsp;&nbsp; SunCoke Energy, Inc. <br> 4.88%, 6/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66843 |
| Synchrony Financial: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 2/2/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFR + 1.53%, 4.95%, <br> 2/25/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Talos Production, Inc. <br> 9.38%, 2/1/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Communities, <br> Inc. <br> 5.75%, 1/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Instruments, Inc. <br> 4.90%, 3/14/2033<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91550 |
| &nbsp;&nbsp;&nbsp;&nbsp; TGNR Intermediate <br> Holdings LLC <br> 5.50%, 10/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tidewater, Inc. <br> 9.13%, 7/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227392 |
| &nbsp;&nbsp;&nbsp;&nbsp; TMS International Corp. <br> 6.25%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toll Brothers Finance Corp. <br> 5.60%, 6/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76492 |
| &nbsp;&nbsp;&nbsp;&nbsp; TransMontaigne Partners LLC <br> 8.50%, 6/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31428 |
| Transocean International Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 5/15/2029 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 5/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64084 |
| Travel & Leisure Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 3/1/2030 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 9/1/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56189 |
| &nbsp;&nbsp;&nbsp;&nbsp; TriMas Corp. <br> 4.13%, 4/15/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135167 |
| &nbsp;&nbsp;&nbsp;&nbsp; TTM Technologies, Inc. <br> 4.00%, 3/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tutor Perini Corp. <br> 11.88%, 4/30/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35065 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Foods, Inc. <br> 5.75%, 4/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Under Armour, Inc. <br> 7.25%, 7/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132450 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Airlines Pass-Through <br> Trust Series 20-1, Class A, <br> 5.88%, 4/15/2029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181484 |
| &nbsp;&nbsp;&nbsp;&nbsp; USI, Inc. <br> 7.50%, 1/15/2032 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Versant Media Group, Inc. <br> 7.25%, 1/30/2031 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16366 |
| Viasat, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 7/15/2028 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 5/30/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viavi Solutions, Inc. <br> 3.75%, 10/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135697 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Viking Cruises Ltd. <br> 7.00%, 2/15/2029 (a)<br>| $59000 | &nbsp;&nbsp; $59074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virginia Electric & Power Co. <br> 5.05%, 8/15/2034<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virtusa Corp. <br> 7.13%, 12/15/2028 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33608 |
| &nbsp;&nbsp;&nbsp;&nbsp; VoltaGrid LLC <br> 7.38%, 11/1/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135175 |
| &nbsp;&nbsp;&nbsp;&nbsp; W&T Offshore, Inc. <br> 10.75%, 2/1/2029 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wayfair LLC <br> 7.75%, 9/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41621 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weatherford International Ltd. <br> 6.75%, 10/15/2033 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Midstream <br> Operating LP:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 4/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westlake Corp. <br> 5.55%, 11/15/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57756 |
| Williams Cos., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 3/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156759 |
| &nbsp;&nbsp;&nbsp;&nbsp; WULF Compute LLC <br> 7.75%, 10/15/2030 (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237762 |
| &nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating <br> Partners LP:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 1/15/2031 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 3/15/2033 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoetis, Inc. <br> 5.00%, 8/17/2035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69419 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 27797145 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS &** <br> **NOTES**<br> (Cost $37,368,152)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 36997536 |
| **ASSET-BACKED SECURITIES** <br> **— 6.3%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BCC Middle Market CLO LLC <br> Series 2025-1A, Class A1, <br> ABS, 3 mo. USD Term SOFR <br> + 1.62%,<br> 5.29%, 7/17/2037 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915854 |
| CIFC Funding Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4A, Class E, <br> ABS, 3 mo. USD Term <br> SOFR + 4.95%, 9.06%, <br> 10/24/2038 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1A, Class D1, <br> ABS, 3 mo. USD Term <br> SOFR + 2.30%, 5.95%, <br> 4/25/2039 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248898 |
| Golub Capital CLO 86B Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-86A, Class D1, <br> ABS, 3 mo. USD Term <br> SOFR + 2.30%, 5.96%, <br> 1/25/2039 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239741 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-86A, Class E, <br> ABS, 3 mo. USD Term <br> SOFR + 4.30%, 7.96%, <br> 1/25/2039 (a)(b)<br>| $250000 | &nbsp;&nbsp; $237138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 77 <br> B Ltd.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-77A, Class C, <br> ABS, 3 mo. USD Term <br> SOFR + 1.80%, 5.47%, <br> 1/25/2038 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-77A, Class E, <br> ABS, 3 mo. USD Term <br> SOFR + 4.85%, 8.52%, <br> 1/25/2038 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242261 |
| &nbsp;&nbsp;&nbsp;&nbsp; KKR CLO 22 Ltd. Series 22A, <br> Class B, 3 mo. USD Term <br> SOFR + 1.86%,<br> 5.53%, 7/20/2031 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250119 |
| &nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd. Series 2021-23A, <br> Class ER2, ABS, 3 mo. USD <br> Term SOFR + 4.50%,<br> 8.17%, 1/17/2039 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241638 |
| &nbsp;&nbsp;&nbsp;&nbsp; RR 43 Ltd. Series 2026-43A, <br> Class C1, ABS, 3 mo. USD <br> Term SOFR + 2.40%,<br> 6.05%, 10/15/2039 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247618 |
| &nbsp;&nbsp;&nbsp;&nbsp; Silver Point CLO 16 Ltd. Series <br> 2026-16A, Class D1, ABS, 3 <br> mo. USD Term SOFR + <br> 2.45%,<br> 6.11%, 4/18/2039 (a)(b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247612 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED** <br> **SECURITIES**<br> (Cost $3,450,493)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3372002 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **CONVERTIBLE BONDS — 1.5%**  |  |  |
| **CHINA — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; H World Group Ltd.<br> 3.00%, 5/1/2026<br>| 30000 | &nbsp;&nbsp; 40490 |
| **DENMARK — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascendis Pharma AS<br> 2.25%, 4/1/2028<br>| 25000 | &nbsp;&nbsp; 36764 |
| **ISRAEL — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nova Ltd. <br> 9/15/2030 (a)<br>| 25000 | &nbsp;&nbsp; 38538 |
| **UNITED STATES — 1.2%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advanced Energy Industries, <br> Inc.<br> 2.50%, 9/15/2028<br>| 15000 | &nbsp;&nbsp; 35990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, Inc.<br> 1.00%, 9/15/2027<br>| 11000 | &nbsp;&nbsp; 14119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arrowhead Pharmaceuticals, <br> Inc. <br> 1/15/2032<br>| 40000 | &nbsp;&nbsp; 41436 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avnet, Inc.<br> 1.75%, 9/1/2030 (a)<br>| 38000 | &nbsp;&nbsp; $41286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bloom Energy Corp. <br> 11/15/2030 (a)<br>| 23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BWX Technologies, Inc. <br> 11/1/2030 (a)<br>| 23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloudflare, Inc. <br> 6/15/2030 (a)<br>| 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Fuels, Inc.<br> 0.75%, 11/1/2031 (a)<br>| 29000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FirstEnergy Corp.<br> 3.63%, 1/15/2029 (a)<br>| 38000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guardant Health, Inc.<br> 1.25%, 2/15/2031<br>| 23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, Inc.<br> 1.75%, 6/15/2028<br>| 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCI Industries<br> 3.00%, 3/1/2030<br>| 29000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty <br> Formula One<br> 2.25%, 8/15/2027<br>| 19000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ligand Pharmaceuticals, Inc.<br> 0.75%, 10/1/2030 (a)<br>| 19000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lumentum Holdings, Inc.<br> 0.38%, 3/15/2032 (a)<br>| 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MKS, Inc.<br> 1.25%, 6/1/2030<br>| 17000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rivian Automotive, Inc.<br> 3.63%, 10/15/2030<br>| 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate HDD Cayman<br> 3.50%, 6/1/2028<br>| &nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semtech Corp. <br> 10/15/2030 (a)<br>| 22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stem, Inc.<br> 0.50%, 12/1/2028 (a)<br>| 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Welltower OP LLC<br> 2.75%, 5/15/2028 (a)<br>| 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Digital Corp.<br> 3.00%, 11/15/2028<br>| &nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35839 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673172 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CONVERTIBLE BONDS**<br> (Cost $755,000)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 788964 |
| **CONVERTIBLE PREFERRED** <br> **STOCKS — 0.1%**  |  |  |
| **UNITED STATES — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp.<br> 6.50%, 1/15/2029<br>| &nbsp;&nbsp; 1047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47125 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL CONVERTIBLE** <br> **PREFERRED STOCKS**<br> (Cost $52,350)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47125 |
| **PREFERRED STOCKS — 0.1%**  |  |  |
| **UNITED STATES — 0.1%**  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Holdings, Inc.<br> 5.25%, 6/15/2026<br>| &nbsp;&nbsp; 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48525 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equitable Holdings, Inc.<br> 4.30%, 4/29/2026<br>| 750 | &nbsp;&nbsp; $11970 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60495 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL PREFERRED STOCKS**<br> (Cost $60,625)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60495 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>|  |
| **SENIOR FLOATING RATE** <br> **LOANS — 18.0%** <br>|  |  |
| **ADVERTISING SERVICES — 0.5%**  | **ADVERTISING SERVICES — 0.5%**  | **ADVERTISING SERVICES — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Neptune Bidco U.S., Inc., 2026 <br> USD Term Loan B, 3 mo. USD <br> Term SOFR + 5.00%, 8.76%, <br> 2/3/2033 (b)<br>| $290658 | &nbsp;&nbsp; 277869 |
| **AEROSPACE & DEFENSE — 0.6%**  | **AEROSPACE & DEFENSE — 0.6%**  | **AEROSPACE & DEFENSE — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Comm Corp. LLC, 2025 Term <br> Loan, 3 mo. USD Term SOFR <br> + 2.75%, 6.42%, 12/11/2031 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94439 | &nbsp;&nbsp; 94793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Barnes Group, Inc., 2025 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 1/27/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45984 | &nbsp;&nbsp; 45984 |
| Kaman Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, <br> 3 mo. USD Term SOFR + <br> 2.50%, 6.20%, 2/26/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7992 | &nbsp;&nbsp;&nbsp;&nbsp; 1563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 3 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 2/26/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87340 | &nbsp;&nbsp; 87474 |
| TransDigm, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan J, 1 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 2/28/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39202 | &nbsp;&nbsp; 39251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan N, 1 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 2/13/2033 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41000 | &nbsp;&nbsp; 41066 |
|  |  | &nbsp;&nbsp; 310131 |
| **APPAREL — 0.1%**  | **APPAREL — 0.1%**  | **APPAREL — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC, <br> USD Term Loan B, 3 mo. USD <br> Term SOFR + 3.25%, 6.95%, <br> 9/12/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46883 | &nbsp;&nbsp; 47058 |
| **AUTO PARTS & EQUIPMENT — 0.9%**  | **AUTO PARTS & EQUIPMENT — 0.9%**  | **AUTO PARTS & EQUIPMENT — 0.9%**  |
| Clarios Global LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 EUR Term Loan B, 1 mo. <br> EURIBOR + 3.25%, 5.14%, <br> 1/28/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62000 | &nbsp;&nbsp; 71474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 1 mo. <br> USD Term SOFR + 2.75%, <br> 6.42%, 1/28/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95520 | &nbsp;&nbsp; 95401 |
| First Brands Group LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan, 1 mo. USD <br> Term SOFR + 7.11%, 10.78%, <br> 3/30/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan, 3 <br> mo. USD Term SOFR + <br> 5.00%, 10.78%, 3/30/2027 (b)<br>| $113355 | &nbsp;&nbsp; $331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 DIP Term Loan, 1 mo. USD <br> Term SOFR + 10.00%, <br> 13.67%, 6/29/2026 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 PIK DIP Roll-Up Term Loan <br> B, 3 mo. USD Term SOFR + <br> 7.00%, 10.68%, 6/29/2026 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 631 |
| &nbsp;&nbsp;&nbsp;&nbsp; IXS Holdings, Inc., 2025 <br> Repriced Term Loan B, 3 mo. <br> USD Term SOFR + 5.50%, <br> 9.17%, 9/5/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301813 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469797 |
| **BEVERAGES — 0.3%**  | **BEVERAGES — 0.3%**  | **BEVERAGES — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Primo Brands Corp., 2026 Term <br> Loan B (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148416 |
| **CHEMICALS — 2.3%**  | **CHEMICALS — 2.3%**  | **CHEMICALS — 2.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bakelite U.S. Holdco, Inc., 2024 <br> Term Loan B, 3 mo. USD Term <br> SOFR + 3.75%, 7.45%, <br> 12/23/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illuminate Buyer LLC, 2025 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 12/31/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334202 |
| &nbsp;&nbsp;&nbsp;&nbsp; Natgasoline LLC, 2025 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 5.50%, 9.17%, <br> 3/29/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249150 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Arclin U.S. Holding Corp., <br> 2026 USD Term Loan B (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 262941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Olympus Water U.S. Holding <br> Corp.:<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 EUR Term Loan B, 3 mo. <br> EURIBOR + 3.75%, 5.88%, <br> 6/20/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan, 3 mo. <br> USD Term SOFR + 3.00%, <br> 6.70%, 6/20/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46326 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1210645 |
| **COMMERCIAL SERVICES — 1.1%**  | **COMMERCIAL SERVICES — 1.1%**  | **COMMERCIAL SERVICES — 1.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Belron Finance LLC, 2026 <br> Repriced Term Loan B, 3 mo. <br> USD Term SOFR + 2.00%, <br> 5.66%, 10/16/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133740 |
| Camelot U.S. Acquisition LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, 1 mo. USD <br> Term SOFR + 2.75%, 6.42%, <br> 1/31/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, <br> 1 mo. USD Term SOFR + <br> 3.25%, 6.92%, 1/31/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38733 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy U.S. Opco, Inc., Term <br> Loan, 3 mo. USD Term SOFR <br> + 2.00%, 5.67%, 7/31/2030 <br> (b)<br>| $326471 | &nbsp;&nbsp; $283331 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nuvei Technologies Corp., 2025 <br> Repriced Term Loan B, 1 mo. <br> USD Term SOFR + 2.50%, <br> 6.17%, 11/17/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131257 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609817 |
| **COMPUTERS — 0.3%**  | **COMPUTERS — 0.3%**  | **COMPUTERS — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Term <br> Loan B, 1 mo. USD Term <br> SOFR + 4.00%, 7.68%, <br> 12/9/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82894 |
| &nbsp;&nbsp;&nbsp;&nbsp; NCR Atleos LLC, 2025 Term <br> Loan B, 3 mo. USD Term <br> SOFR + 3.00%, 6.69%, <br> 4/16/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98170 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181064 |
| **CONSTRUCTION MATERIALS — 0.2%**  | **CONSTRUCTION MATERIALS — 0.2%**  | **CONSTRUCTION MATERIALS — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc., 2025 <br> Term Loan B, 1 mo. USD Term <br> SOFR + 2.25%, 5.92%, <br> 2/10/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105864 |
| **CONTAINERS & PACKAGING — 0.1%**  | **CONTAINERS & PACKAGING — 0.1%**  | **CONTAINERS & PACKAGING — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Node AcquiCo GmbH, EUR Term <br> Loan, 1 mo. EURIBOR + <br> 3.50%, 5.46%, 12/8/2032 (b)<br>| EUR58,306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67102 |
| **DISTRIBUTION/WHOLESALE — 0.6%**  | **DISTRIBUTION/WHOLESALE — 0.6%**  | **DISTRIBUTION/WHOLESALE — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&S Holdings LLC, 2024 Term <br> Loan, 1 mo. USD Term SOFR <br> + 5.00%, 8.68%, 10/1/2031 <br> (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311087 |
| **DIVERSIFIED FINANCIAL SERVICES — 0.5%**  | **DIVERSIFIED FINANCIAL SERVICES — 0.5%**  | **DIVERSIFIED FINANCIAL SERVICES — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Azorra Soar TLB Finance Ltd., <br> 2026 Term Loan B, 3 mo. USD <br> Term SOFR + 2.50%, 6.17%, <br> 10/18/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152058 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNZ Group Services Ltd., 2024 <br> USD Term Loan B, 3 mo. USD <br> Term SOFR + 5.00%, 8.66%, <br> 11/5/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124272 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276330 |
| **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6%**  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6%**  | **DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Subsea Communications <br> Holding, Inc., 2026 Term Loan <br> B, 1 mo. USD Term SOFR + <br> 3.00%, 6.67%, 1/30/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vantor Holdings, Inc., 1st Lien <br> Term Loan, 3 mo. USD Term <br> SOFR + 4.50%, 8.17%, <br> 3/3/2033 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187598 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319348 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| **ELECTRIC — 0.4%**  | **ELECTRIC — 0.4%**  | **ELECTRIC — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kohler Energy Co. LLC, 2026 <br> USD Term Loan B, 3 mo. USD <br> Term SOFR + 3.00%, 6.70%, <br> 5/1/2031 (b)<br>| $192349 | &nbsp;&nbsp; $192349 |
| **ELECTRONICS — 0.5%**  | **ELECTRONICS — 0.5%**  | **ELECTRONICS — 0.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; LSF12 Crown U.S. Commercial <br> Bidco LLC, 2026 Term Loan B, <br> 1 mo. USD Term SOFR + <br> 3.00%, 6.67%, 12/2/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Resilience Parent LLC, 1st Lien <br> Term Loan, 6 mo. USD Term <br> SOFR + 2.50%, 6.10%, <br> 2/28/2033 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91641 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254815 |
| **ENVIRONMENTAL CONTROL — 0.2%**  | **ENVIRONMENTAL CONTROL — 0.2%**  | **ENVIRONMENTAL CONTROL — 0.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; GFL Environmental, Inc., 2025 <br> Term Loan B, 3 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 3/3/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81767 |
| **FOOD PRODUCTS — 0.1%**  | **FOOD PRODUCTS — 0.1%**  | **FOOD PRODUCTS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Savor Acquisition, Inc., Term <br> Loan B, 3 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 2/19/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76261 |
| **HEALTH CARE EQUIPMENT & SUPPLIES — 0.3%**  | **HEALTH CARE EQUIPMENT & SUPPLIES — 0.3%**  | **HEALTH CARE EQUIPMENT & SUPPLIES — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hologic, Inc., 2026 EUR Term <br> Loan B (c)<br>| EUR145,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165938 |
| **HEALTH CARE PROVIDERS & SERVICES — 0.8%**  | **HEALTH CARE PROVIDERS & SERVICES — 0.8%**  | **HEALTH CARE PROVIDERS & SERVICES — 0.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 2024 1st <br> Lien Term Loan B, 3 mo. USD <br> Term SOFR + 3.75%, 7.42%, <br> 5/19/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Team Services Group LLC, 2026 <br> Term Loan B (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321747 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439803 |
| **HOUSEHOLD PRODUCTS — 0.1%**  | **HOUSEHOLD PRODUCTS — 0.1%**  | **HOUSEHOLD PRODUCTS — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Lavender Dutch BorrowerCo BV, <br> EUR Term Loan, 3 mo. <br> EURIBOR + 3.50%, 5.63%, <br> 12/30/2032 (b)<br>| EUR55,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63029 |
| **INSURANCE — 2.5%**  | **INSURANCE — 2.5%**  | **INSURANCE — 2.5%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alera Group, Inc., 2026 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 5/30/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66007 |
| &nbsp;&nbsp;&nbsp;&nbsp; AmWINS Group, Inc., 2026 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.00%, 5.67%, <br> 1/30/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ardonagh Midco 3 PLC, 2024 <br> USD Term Loan B, 6 mo. USD <br> Term SOFR + 2.75%, 6.37%, <br> 2/15/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 446616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 436849 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| Asurion LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B13, 1 mo. USD <br> Term SOFR + 4.25%, 7.92%, <br> 9/19/2030 (b)<br>| $78908 | &nbsp;&nbsp; $78119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B14, 1 mo. USD <br> Term SOFR + 3.75%, 7.42%, <br> 2/23/2033 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sedgwick Claims Management <br> Services, Inc., 2023 Term <br> Loan B, 1 mo. USD Term <br> SOFR + 2.50%, 6.17%, <br> 7/31/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 247484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Insurance Holdings LLC, <br> 2nd Lien Term Loan, 3 mo. <br> USD Term SOFR + 4.75%, <br> 8.45%, 5/6/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38181 |
| USI, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan C, 3 mo. USD <br> Term SOFR + 2.25%, 5.95%, <br> 9/29/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, 3 mo. USD <br> Term SOFR + 2.25%, 5.95%, <br> 11/21/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96442 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1345872 |
| **LEISURE TIME — 0.4%**  | **LEISURE TIME — 0.4%**  | **LEISURE TIME — 0.4%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Horizon U.S. Finco LP, Term <br> Loan B, 6 mo. USD Term <br> SOFR + 4.50%, 8.45%, <br> 10/31/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242766 |
| **MACHINERY — 0.7%**  | **MACHINERY — 0.7%**  | **MACHINERY — 0.7%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbus McKinnon Corp., 2026 <br> Term Loan B, 3 mo. USD Term <br> SOFR + 3.50%, 7.20%, <br> 2/3/2033 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 372051 |
| **MEDIA — 1.2%**  | **MEDIA — 1.2%**  | **MEDIA — 1.2%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cengage Learning, Inc., 2026 <br> Term Loan B, 3 mo. USD Term <br> SOFR + 3.00%, 6.67%, <br> 3/24/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54166 |
| DirecTV Financing LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, 3 mo. USD <br> Term SOFR + 5.25%, 9.18%, <br> 8/2/2029 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, 3 mo. USD <br> Term SOFR + 5.50%, 9.17%, <br> 2/17/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dotdash Meredith, Inc., 2025 <br> Term Loan B, 1 mo. USD Term <br> SOFR + 3.50%, 7.17%, <br> 6/16/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97556 |
| &nbsp;&nbsp;&nbsp;&nbsp; EW Scripps Co., 2025 Term <br> Loan B2, 1 mo. USD Term <br> SOFR + 5.75%, 9.54%, <br> 6/30/2028 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31898 |

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal**<br> **Amount**<br>| **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; McGraw-Hill Global Education <br> Holdings LLC, 2025 1st Lien <br> Term Loan B, 1 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 8/6/2031 (b)<br>| $46183 | &nbsp;&nbsp; $46183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nexstar Broadcasting, Inc., 2026 <br> Term Loan B7 (c)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228690 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 643589 |
| **MISCELLANEOUS MANUFACTURER — 0.3%**  | **MISCELLANEOUS MANUFACTURER — 0.3%**  | **MISCELLANEOUS MANUFACTURER — 0.3%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; International Textile Group, Inc., <br> 2023 Term Loan, 3 mo. USD <br> Term SOFR + 8.50%, 12.31%, <br> 9/30/2027 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180975 |
| **PHARMACEUTICALS — 0.8%**  | **PHARMACEUTICALS — 0.8%**  | **PHARMACEUTICALS — 0.8%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkermes, Inc., 2026 Term Loan <br> B, 1 mo. USD Term SOFR + <br> 2.75%, 6.42%, 8/12/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc., 2025 <br> Term Loan B, 1 mo. USD Term <br> SOFR + 6.25%, 9.92%, <br> 10/8/2030 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236287 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442073 |
| **PIPELINES — 0.1%**  | **PIPELINES — 0.1%**  | **PIPELINES — 0.1%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Crescent Midstream <br> Operating LLC, Term Loan B, <br> 3 mo. USD Term SOFR + <br> 3.75%, 7.42%, 2/18/2033 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44202 |
| **RETAIL — 0.6%**  | **RETAIL — 0.6%**  | **RETAIL — 0.6%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; PetSmart, Inc., 2025 USD Term <br> Loan B, 1 mo. USD Term <br> SOFR + 4.00%, 7.68%, <br> 8/18/2032 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336394 |
| **SOFTWARE — 0.9%**  | **SOFTWARE — 0.9%**  | **SOFTWARE — 0.9%**  |
| &nbsp;&nbsp;&nbsp;&nbsp; BCPE Pequod Buyer, Inc., USD <br> Term Loan B, 3 mo. USD Term <br> SOFR + 2.75%, 6.42%, <br> 11/25/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Inc., 2026 Term Loan, <br> 3 mo. USD Term SOFR + <br> 3.00%, 6.66%, 2/4/2033 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Modena Buyer LLC, Term Loan, <br> 3 mo. USD Term SOFR + <br> 4.25%, 7.92%, 7/1/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55359 |
| &nbsp;&nbsp;&nbsp;&nbsp; UKG, Inc., 2024 Term Loan B, 3 <br> mo. USD Term SOFR + <br> 2.50%, 6.17%, 2/10/2031 (b)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94374 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462512 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL SENIOR FLOATING** <br> **RATE LOANS**<br> (Cost $10,103,782)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9678924 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **MUTUAL FUNDS AND** <br> **EXCHANGE TRADED** <br> **PRODUCTS — 1.4%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Floating Rate <br> Income Strategies Fund, <br> Inc.<br>| &nbsp;&nbsp; 4403 | &nbsp;&nbsp; $48521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen Floating Rate Income <br> Fund<br>| 32312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nuveen Credit Strategies <br> Income Fund<br>| 50328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Floating Rate <br> Income Trust<br>| &nbsp;&nbsp; 4541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Senior Floating <br> Rate 2027 Term Fund<br>| &nbsp;&nbsp; 2004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Strategic Credit <br> 2027 Term Fund<br>| &nbsp;&nbsp; 4387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eaton Vance Senior Income <br> Trust<br>| &nbsp;&nbsp; 2303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eaton Vance Floating-Rate <br> Income Trust<br>| &nbsp;&nbsp; 4600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eaton Vance Senior <br> Floating-Rate Trust<br>| &nbsp;&nbsp; 2095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22081 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL MUTUAL FUNDS AND** <br> **EXCHANGE TRADED** <br> **PRODUCTS**<br> (Cost $788,108)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743264 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**<br>|  |
| **COMMERCIAL MORTGAGE** <br> **BACKED SECURITIES —** <br> **0.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; COMM Mortgage Trust Series <br> 2012-CR3, Class B, 3.92%, <br> 10/15/2045 (a)<br> (Cost $93,623)<br>| $94569 | &nbsp;&nbsp; 90930 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENT —** <br> **2.6%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund, Class G Shares <br> 3.64% (d) (e)<br> (Cost $1,428,654)<br>| 1428654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1428654 |
| &nbsp;&nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS —** <br> **99.0%** <br> (Cost $54,100,787)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 53207894 |
| **OTHER ASSETS IN EXCESS** <br> **OF LIABILITIES — 1.0%** <br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518832 |
| **NET ASSETS — 100.0%**  |  | &nbsp;&nbsp; $53726726 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 49.7% of net assets as of March 31, 2026, may be resold in transactions exempt from registration, normally to qualified institutional buyers.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable Rate Security - Interest rate shown is rate in effect at March 31, 2026. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Position is unsettled. Contract rate was not determined at March 31, 2026 and does not take effect until settlement date. Maturity date is not finalized until settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these investments during the period ended March 31, 2026 are shown in the Affiliate Table below.

&nbsp;&nbsp;&nbsp;&nbsp;(e) The rate shown is the annualized seven-day yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations: |  |
| ABS | Asset-Backed Security |
| CLO | Collateralized Loan Obligation |
| CMT | Constant Maturity Treasury |
| CVR | Contingent Value Rights |
| PIK | Payment in Kind |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| VRN | Variable Rate Note |

---

At March 31, 2026, the Fund had unfunded loan commitments of $18,731, which could be extended at the option of the borrowers, pursuant to the following loan agreements:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower** | **Unfunded Loan**<br> **Commitment ($)**<br>| **Value ($)** | **Unrealized** <br> **Appreciation/(Depreciation) ($)**<br>|
| Air Comm Corp. LLC | &nbsp;&nbsp; 4615 | &nbsp;&nbsp; 4632 | &nbsp;&nbsp; 17 |
| Kaman Corp. | &nbsp;&nbsp; 6432 | &nbsp;&nbsp; 6442 | &nbsp;&nbsp; 10 |
| Savor Acquisition, Inc. | &nbsp;&nbsp; 7684 | &nbsp;&nbsp; 7703 | &nbsp;&nbsp; 19 |
|  | &nbsp;&nbsp; $18731 | &nbsp;&nbsp; $18777 | &nbsp;&nbsp; $46 |

---

At March 31, 2026, open forward foreign currency exchange contracts were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Amount Sold** | **Amount Bought** | **Settlement**<br> **Date**<br>| **Net Unrealized**<br> **Appreciation/**<br> **(Depreciation)**<br>|
| Bank of America N.A. | &nbsp;&nbsp;&nbsp;&nbsp; EUR<br> 145,000<br>| &nbsp;&nbsp;&nbsp;&nbsp; 167085 | &nbsp;&nbsp;&nbsp;&nbsp; 04/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; $(126)<br>|
| Goldman Sachs Bank USA | &nbsp;&nbsp;&nbsp;&nbsp; EUR<br> 124,000<br>| &nbsp;&nbsp;&nbsp;&nbsp; 144039 | &nbsp;&nbsp;&nbsp;&nbsp; 04/09/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1120 |
| Goldman Sachs Bank USA | &nbsp;&nbsp;&nbsp;&nbsp; EUR<br> 27,000<br>| &nbsp;&nbsp;&nbsp;&nbsp; 31240 | &nbsp;&nbsp;&nbsp;&nbsp; 04/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 98 |
| Royal Bank of Canada | &nbsp;&nbsp;&nbsp;&nbsp; AUD<br> 64,000<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44945 | &nbsp;&nbsp;&nbsp;&nbsp; 04/09/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1116 |
| Royal Bank of Canada | &nbsp;&nbsp;&nbsp;&nbsp; EUR<br> 155,000<br>| &nbsp;&nbsp;&nbsp;&nbsp; 180523 | &nbsp;&nbsp;&nbsp;&nbsp; 04/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1841 |
| Royal Bank of Canada | &nbsp;&nbsp;&nbsp;&nbsp; EUR<br> 62,000<br>| &nbsp;&nbsp;&nbsp;&nbsp; 71574 | &nbsp;&nbsp;&nbsp;&nbsp; 04/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 43 |
| UBS AG | &nbsp;&nbsp;&nbsp;&nbsp; EUR<br> 55,000<br>| &nbsp;&nbsp;&nbsp;&nbsp; 65038 | &nbsp;&nbsp;&nbsp;&nbsp; 04/02/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1667 |
| UBS AG | &nbsp;&nbsp;&nbsp;&nbsp; USD<br> 63,267<br>| &nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp; 04/02/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 105 |
| UBS AG | &nbsp;&nbsp;&nbsp;&nbsp; EUR<br> 55,000<br>| &nbsp;&nbsp;&nbsp;&nbsp; 63363 | &nbsp;&nbsp;&nbsp;&nbsp; 05/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (105)<br>|
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $5759 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

AUD Australian Dollar <br> EUR Euro

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

At March 31, 2026, open futures contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Number of**<br> **Contracts**<br>| **Expiration**<br> **Date**<br>| **Notional**<br> **Amount**<br>| **Value** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| 10 Yr. U.S. Treasury Ultra Futures (long) | 24 | 06/18/2026 | $2778599 | $2724375 | $(54224)<br>|
| 5 Yr. U.S. Treasury Note Futures (long) | 70 | 06/30/2026 | 7617727 | 7572578 | (45149)<br>|
|  |  |  |  |  | $(99373)<br>|

---

Centrally Cleared Credit Default Swaps:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Notional**<br> **Amount**<br> **(000s Omitted)**<br>| **Contract**<br> **Annual**<br> **Fixed Rate/**<br> **Payment**<br> **Frequency**<br>| **Termination**<br> **Date**<br>| **Market**<br> **Value**<br>| **Unamortized**<br> **Upfront**<br> **Payments**<br> **Received (Paid)**<br>| **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>|
| **Buy Protection**  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley <br> Bank, N.A.<br>| Intercontinental Exchange, Inc. | 1485 | 5.00%/<br> Quarterly<br>| 12/20/30 | $(78202)<br>| $(105799)<br>| $27597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley <br> Bank, N.A.<br>| Intercontinental Exchange, Inc. | 990 | 5.00%/<br> Quarterly<br>| 12/20/30 | (52135)<br>| (70532)<br>| 18397 |
|  |  |  |  |  |  |  | $45994 |

---

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 –** <br> **Quoted Prices**<br>| **Level 2 –**<br> **Other Significant**<br> **Observable Inputs**<br>| **Level 3 –**<br> **Significant**<br> **Unobservable Inputs**<br>| **Total** |
| **ASSETS:**  |  |  |  |  |
| **INVESTMENTS:** |  |  |  |  |
| Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $36997536 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $36997536 |
| Asset-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 3372002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3372002 |
| Commercial Mortgage Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 90930 | &nbsp;&nbsp; — | &nbsp;&nbsp; 90930 |
| Convertible Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 788964 | &nbsp;&nbsp; — | &nbsp;&nbsp; 788964 |
| Convertible Preferred Stocks | &nbsp;&nbsp; 47125 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 47125 |
| Mutual Funds and Exchange Traded Products | &nbsp;&nbsp; 743264 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 743264 |
| Preferred Stocks | &nbsp;&nbsp; 60495 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 60495 |
| Senior Floating Rate Loans | &nbsp;&nbsp; — | &nbsp;&nbsp; 9678924 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9678924 |
| Short-Term Investment | &nbsp;&nbsp; 1428654 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1428654 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp; $2279538 | &nbsp;&nbsp; $50928356 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $53207894 |
| **OTHER FINANCIAL INSTRUMENTS:** |  |  |  |  |
| Unfunded Loans - Unrealized Appreciation | &nbsp;&nbsp; $— | &nbsp;&nbsp; $46 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $46 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - <br> Unrealized Appreciation<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 5990 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange Contracts - <br> Unrealized Depreciation<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (231)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (231)<br>|
| Credit Default Swaps - Unrealized Appreciation | &nbsp;&nbsp; — | &nbsp;&nbsp; 45994 | &nbsp;&nbsp; — | &nbsp;&nbsp; 45994 |
| Futures Contracts - Unrealized Depreciation | &nbsp;&nbsp; (99373)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (99373)<br>|
| **TOTAL OTHER FINANCIAL INSTRUMENTS:** | &nbsp;&nbsp; $(99373)<br>| &nbsp;&nbsp; $51799 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(47574)<br>|

---

*See accompanying notes to Schedule of Investments.*

------

**STATE STREET LOOMIS SAYLES OPPORTUNISTIC BOND ETF**

**Schedule of Investments (continued)** 

***March 31, 2026 (Unaudited)***

------

**Affiliate Table** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Number of**<br> **Shares Held**<br> **at** <br> **6/30/25**<br>| **Value at**<br> **6/30/25**<br>| **Cost of**<br> **Purchases**<br>| **Proceeds**<br> **from**<br> **Shares Sold**<br>| **Realized**<br> **Gain (Loss)**<br>| **Change in**<br> **Unrealized**<br> **Appreciation/**<br> **Depreciation**<br>| **Number of**<br> **Shares Held**<br> **at** <br> **3/31/26**<br>| **Value at**<br> **3/31/26**<br>| **Dividend**<br> **Income**<br>|
| State Street Blackstone Senior Loan ETF | 54115 | $2250643 | $1274123 | $3478618 | $(59816)<br>| $13668 |  | $— | $104567 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, <br> Class G Shares<br>| 3502406 | 3502406 | 24793182 | 26866934 |  |  | 1428654 | 1428654 | 94065 |
| Total |  | $5753049 | $26067305 | $30345552 | $(59816)<br>| $13668 |  | $1428654 | $198632 |

---

*See accompanying notes to Schedule of Investments.*

------

**SSGA ACTIVE TRUST** 

**NOTES TO SCHEDULES OF INVESTMENTS**

***March 31, 2026 (Unaudited)***

------

**Security Valuation**

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

&nbsp;&nbsp;&nbsp;&nbsp;• Equity investments (including preferred stocks and 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.

&nbsp;&nbsp;&nbsp;&nbsp;• Rights and warrants are valued at the last reported sale price obtained from independent pricing services or brokers on the valuation date. If no price is obtained from pricing services or brokers, valuation will be based upon the intrinsic value, pursuant to the valuation policy and procedures approved by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;• Fixed income assets are generally valued at the mean of the bid and ask prices for bank loans and inflation protected securities, and at the bid price for all other fixed income assets as provided by independent pricing services or brokers.

&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;• Options are priced at their last sale price on the principal market on which they are traded on the valuation date. If there were no sales on that day, options are valued at either the last reported sale or official closing price on their primary exchange determined in accordance with the valuation policy and procedures approved by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;• Forward foreign currency exchange contracts are valued based on that day's prevailing forward exchange rate for the underlying currencies. The rates are obtained from independent pricing services in accordance with the valuation policy and procedures approved by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;• Swap agreements are valued daily based upon prices supplied by Board approved pricing vendors or through brokers. Depending on the product and terms of the transaction, the value of agreements is determined using a series of techniques including valuation models that incorporate a number of market data factors, such as discounted cash flows, yields, curves, trades and values of the underlying reference instruments. In the event the advisor is unable to obtain an independent, third–party valuation the agreements will be fair valued.

&nbsp;&nbsp;&nbsp;&nbsp;• Senior loans or other loans are valued at evaluated bid prices supplied by an independent pricing service, if available. Senior loans and other loans for which the Committee determines that there are no reliable valuations available from pricing services or brokers will be initially valued at cost and adjusted for amortization of principal until remeasurement is warranted due to a credit or economic event or other factors affecting the loan.

------

**SSGA ACTIVE TRUST** 

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

***March 31, 2026 (Unaudited)***

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In the event prices or quotations are not readily available or that the application of these valuation methods results in a price for an investment that is deemed to be not representative of the fair value of such investment, fair value will be determined in good faith by the Committee, in accordance with the valuation policy and procedures approved by the Board.

Fair value pricing could result in a difference between the prices used to calculate a Fund's NAV and the prices used by the Funds' underlying benchmark. Various inputs are used in determining the value of the Funds' investments.

The Funds value their assets and liabilities at fair value using a fair value hierarchy consisting of three broad levels that prioritize the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with investing in it.

The three levels of the fair value hierarchy are as follows:

• Level 1 – Unadjusted quoted prices in active markets for an identical asset or liability;

&nbsp;&nbsp;&nbsp;&nbsp;• 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

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs for the asset or liability, including the Committee's assumptions used in determining the fair value of investments.

The value of each Fund's investments according to the fair value hierarchy as of March 31, 2026, is disclosed in the Fund's respective Schedules of Investments.

**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, a Fund is required to deposit with the broker, cash or securities in an amount equal to the minimum initial margin requirements of the clearing house. Securities deposited, if any, are designated on the 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 a Fund equal to the daily change in the contract value, accumulated, exchange rates, and or other transactional fees. The accumulation of those payments are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses. A Fund recognizes a realized gain or loss when the contract is closed.

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

During the period ended March 31, 2026, the State Street Ultra Short Term Bond ETF, State Street DoubleLine Total Return Tactical ETF and State Street Loomis Sayles Opportunistic Bond ETF entered into futures contracts to hedge interest rate risk and manage duration.

**Swaps**

Certain Funds may enter into swap agreements, in which a Fund and counterparty agree either to make periodic net payments on a specified notional amount or a net payment upon termination. Swap agreements are privately negotiated in the OTC market and may be entered into as a bilateral contract ("BL OTC") or centrally cleared ("centrally cleared swaps"). Swaps are marked-to-market daily and changes in value are recorded as unrealized appreciation (depreciation).

------

**SSGA ACTIVE TRUST** 

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

***March 31, 2026 (Unaudited)***

------

A BL OTC swap is a transaction between a fund and dealer counterparty where cash flows are exchanged between the two parties for the life of the swap. For BL OTC swaps, any upfront premiums paid are recorded as assets and any upfront fees received are recorded as liabilities and are shown as credit default swap contracts premiums paid and credit default swap contracts premiums received, respectively, in the Statement of Assets and Liabilities and amortized to realized gain/loss ratably over the term of the BL OTC swap. Payments received or made by the Fund for BL OTC swaps are recorded in the Statement of Operations as realized gains or losses, respectively. When a BL OTC swap is terminated, the Fund will record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and a Fund's basis in the contract, if any. Generally, the basis of the contracts is the premium received or paid.

A centrally cleared OTC swap is a transaction executed between a fund and a dealer counterparty, then cleared by a futures commission merchant (FCM) through a clearinghouse. Once cleared, the clearinghouse serves as a central counterparty ("CCP"), with whom a fund exchanges cash flows for the life of the transaction, similar to transactions in futures contracts.

A Fund is required to interface with the CCP through a broker. Upon entering into a centrally cleared swap, the Fund is required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap. Securities deposited as initial margin if any, are designated on the Schedule of Investments and cash deposited is segregated and recorded on the Statement of Assets and Liabilities as due from broker. The daily change in valuation of centrally cleared swaps is recorded as a receivable or payable for variation margin in the Statement of Assets and Liabilities. Payments received from (paid to) the counterparty, including at termination, are recorded as realized gain (loss) in the Statement of Operations. For both bi-lateral and centrally cleared OTC swaps, payments are exchanged at specified intervals, accrued daily commencing with the effective date of the contract and recorded as realized gain or (loss). Some swaps may be terminated prior to the effective date and realize a gain or loss upon termination.

**Credit Default Swaps**

During the period ended March 31, 2026, the State Street Loomis Sayles Opportunistic Bond ETF engaged in credit default swaps to manage credit risk. When the Fund is the buyer in a credit default swap contract, the Fund is entitled to receive the par (or other agreed upon) value (full notional value) of a referenced debt obligation (or basket of debt obligations) from the counterparty (or central clearing party ("CCP") in the case of a centrally cleared swap) to the contract if a credit event by a third party, such as a U.S. or foreign corporate issuer or sovereign issuer, on the debt obligation occurs. In return, the Fund pays the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Fund loses its investment and recovers nothing. However, if a credit event occurs, the Fund receives full notional value for a referenced debt obligation that may have little or no value. When the Fund is the seller of a credit default swap, it receives a fixed rate of income throughout the term of the contract, provided there is no credit event. If a credit event occurs, the Fund is obligated to pay the notional amount of the swap and in certain instances take delivery of securities of the reference entity upon the occurrence of a credit event, as defined under the terms of that particular swap agreement. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring, obligation acceleration and repudiation/moratorium. If the Fund is a seller of protection and a credit event occurs, the maximum potential amount of future payments that the Fund could be required to make would be an amount equal to the notional amount of the agreement. This potential amount would be partially offset by any recovery value of the respective referenced obligation, or net amount received from the settlement.

As the seller, the Fund may create economic leverage to its portfolio because, in addition to its total net assets, the Fund is subject to investment exposure on the notional amount of the swap. The interest fee paid or received on the swap, which is based on a specified interest rate on a fixed notional amount, is accrued daily as a component.

**Forward Foreign Currency Exchange Contracts**

Certain Funds may engage in forward foreign currency exchange contracts to acquire exposure to foreign currencies or to hedge the Funds' investments against currency fluctuations. A forward foreign currency exchange contract is a commitment to purchase or sell a foreign currency at the settlement date at a negotiated rate. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in cash without the delivery of foreign currency. The contract is marked-to-market daily and the change in market value is recorded by the Fund as an unrealized gain or loss. When the contract is closed, the Fund recognizes a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Certain risks may arise upon entering into forward foreign currency exchange contracts from the potential inability of counter parties to meet the terms of their contracts and are generally limited to the amount of unrealized gains on appreciated contracts, if any. Additionally, when utilizing forward foreign currency exchange contracts to hedge,

------

**SSGA ACTIVE TRUST** 

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

***March 31, 2026 (Unaudited)***

------

the Fund gives up the opportunity to profit from favorable exchange rate movements during the term of the contract.

For the period ended March 31, 2026, the State Street Loomis Sayles Opportunistic Bond ETF entered into forward foreign currency exchange contracts to offset the Fund's exposure to the component currencies.

**Options Contracts**

The Funds may purchase and write (sell) call and put options on futures. Options on futures give the holder the right, in return for the premium paid, to assume a long position (call) or short position (put) in a futures contract at a specified exercise price upon expiration of, or at any time during the period of, the option. Upon exercise of a call option, the holder acquires a long position in the futures contract and the writer is assigned the opposite short position. In the case of a put option, the opposite is true. The Fund is required to make a good faith margin deposit in cash or U.S. government securities (or other eligible collateral) with a broker or custodian to initiate and maintain open positions in futures contracts. A margin deposit is intended to assure completion of the contract (delivery or acceptance of the underlying commodity or payment of the cash settlement amount) if it is not terminated prior to the specified delivery date. Brokers may establish deposit requirements which are higher than the exchange minimums. Futures contracts are customarily purchased and sold on margin deposits which may range upward from less than 5% of the value of the contract being traded.

The Funds may purchase and sell put and call options. Such options may relate to particular securities and may or may not be listed on a national securities exchange and issued by the Options Clearing Corporation. Options trading is a highly specialized activity that entails greater than ordinary investment risk. Options on particular securities may be more volatile than the underlying securities, and therefore, on a percentage basis, an investment in options may be subject to greater fluctuation than an investment in the underlying securities themselves.

During the period ended March 31, 2026, the State Street US Equity Premium Income ETF entered into option contracts.

**Loan Agreements**

The State Street Blackstone Senior Loan ETF, State Street DoubleLine Total Return Tactical ETF, State Street DoubleLine Short Duration Total Return Tactical ETF, State Street Loomis Sayles Opportunistic Bond ETF and State Street Blackstone High Income ETF invest in Senior Loans. Senior Loans consist generally of obligations of companies and other entities (collectively, "borrowers") incurred for the purpose of reorganizing the assets and liabilities of a borrower; acquiring another company; taking over control of a company (leveraged buyout); temporary refinancing; or financing internal growth or other general business purposes. Senior Loans are often obligations of borrowers who have incurred a significant percentage of debt compared to their total assets and thus are highly leveraged. The Funds do not treat the banks originating or acting as agents for the lenders, or granting or acting as intermediary in participation interests, in loans held by the Funds as the issuers of such loans.

**Other Transactions with Affiliates**

The Funds may invest in affiliated entities, including securities issued by State Street Corporation, affiliated funds, or entities deemed to be affiliates as a result of the Funds owning more than five percent of the entity's voting securities or outstanding shares. Amounts relating to these transactions during the period ended March 31, 2026 are disclosed in the Funds' respective Schedules of Investments.

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SSGA Active Trust

- **b. Investment Company Act file number:** 811-22542

- **c. CIK number of Registrant:** 0001516212

- **d. LEI of Registrant:** 549300MAXSRPQ75ICU67

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

  - **Street Address 1:** One Congress Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02114

  - **Telephone number:** 1-866-787-2257

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

- **a. Name of Series:** State Street(R) Multi-Asset Real Return ETF

- **b. EDGAR series identifier (if any):** S000033059

- **c. LEI of Series:** 5493007QJU53DW46ZK83

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $1016959607.31

**Total Liabilities:** $19332085.74

**Net Assets:** $997627521.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000101916 | 7.73%                | 6.60%                | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2897491.50              | $46372391.60                               |
| Month 2  | $550029.26               | $49007793.02                               |
| Month 3  | $-1455762.58             | $6022114.57                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| State Street Global Advisors                                                  | State Street Navigator Securities Lending Portfolio II                        | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |  19252543 | NS      | $19252542.75  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR S&P Global Natural Resources ETF                            | State Street SPDR S&P Global Natural Resources ETF                            | CUSIP: 78463X541<br>LEI: 549300TY1RVQ2C1UO359 | Long             | EC               | RF                | US        |   3390710 | NS      | $253184315.70 | 25.38%            |  |  |  | No            |                  1 | On Loan: —       |
| State Street SPDR S&P Global Infrastructure ETF                               | State Street SPDR S&P Global Infrastructure ETF                               | CUSIP: 78463X855<br>LEI: 5493001CZU6BWAPKPM88 | Long             | EC               | RF                | US        |   3336539 | NS      | $253643694.78 | 25.42%            |  |  |  | No            |                  1 | On Loan: —       |
| State Street SPDR Dow Jones International Real Estate ETF                     | State Street SPDR Dow Jones International Real Estate ETF                     | CUSIP: 78463X863<br>LEI: 549300L6MO7H2RBO8F96 | Long             | EC               | RF                | US        |    256609 | NS      | $6830931.58   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| SPDR FTSE International Government Inflation-Protected Bond ETF               | SPDR FTSE International Government Inflation-Protected Bond ETF               | CUSIP: 78464A490<br>LEI: 5493002X18ZM866TLJ34 | Long             | EC               | RF                | US        |    731466 | NS      | $28966053.60  | 2.90%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street SPDR Dow Jones REIT ETF                                          | State Street SPDR Dow Jones REIT ETF                                          | CUSIP: 78464A607<br>LEI: 54930077YVRJPO64VF50 | Long             | EC               |  | US        |    232026 | NS      | $23427665.22  | 2.35%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street SPDR S&P Metals & Mining ETF                                     | State Street SPDR S&P Metals & Mining ETF                                     | CUSIP: 78464A755<br>LEI: 5493008LMBT3IECLIE27 | Long             | EC               | RF                | US        |    280755 | NS      | $30324347.55  | 3.04%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | CUSIP: 78468R440<br>LEI: 984500D58F9EV0X92F27 | Long             | EC               | RF                | US        |   6958989 | NS      | $245234772.36 | 24.58%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Bloomberg 1-3 Month T-Bill ETF                              | State Street SPDR Bloomberg 1-3 Month T-Bill ETF                              | CUSIP: 78468R663<br>LEI: 549300GQCVCME1YJ6B50 | Long             | EC               | RF                | US        |    255250 | NS      | $23391110.00  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Bloomberg 1-10 Year TIPS ETF                                | State Street SPDR Bloomberg 1-10 Year TIPS ETF                                | CUSIP: 78468R861<br>LEI: 549300SS31WHLX0B1I97 | Long             | EC               | RF                | US        |   2948233 | NS      | $56576591.27  | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Energy Select Sector SPDR ETF                                    | State Street Energy Select Sector SPDR ETF                                    | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Long             | EC               | RF                | US        |    861205 | NS      | $52757418.30  | 5.29%             |  |  |  | No            |                  1 | On Loan: —       |
| VanEck Agribusiness ETF                                                       | VanEck Agribusiness ETF                                                       | CUSIP: 92189F700<br>LEI: 549300PY1GVOA1FO5J32 | Long             | EC               | RF                | US        |    269489 | NS      | $22771820.50  | 2.28%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street Global Advisors                                                  | State Street Institutional US Government Money Market Fund                    | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    520894 | NS      | $520893.55    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** SSGA Active Trust

**Signature:** Arthur Jensen

**Name of Signer:** Arthur Jensen

**Title:** Deputy Treasurer