Spdr Series Trust - Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-08839

SPDR(R) SERIES TRUST

(Exact name of registrant as specified in charter)

STATE STREET FINANCIAL CENTER
ONE LINCOLN STREET
BOSTON, MASSACHUSETTS 02111

(Address of principal executive offices)(Zip code)

 (Name and Address of Agent for Service) Copy to:

Ryan M. Louvar, Esq. W. John McGuire, Esq.
Vice President and Counsel Morgan, Lewis & Bochius LLP
State Street Bank and Trust Company 1111 Pennsylvania Ave., NW
One Lincoln Street Washington, DC 20004
Boston, MA 02111

Registrant's telephone number, including area code: (866) 787-2257

Date of fiscal year end: June 30

Date of reporting period: September 30, 2007

ITEM 1. SCHEDULE OF INVESTMENTS.

SPDR(R) DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
COMMON STOCKS -- 99.5%
AEROSPACE & DEFENSE -- 2.3%
BE Aerospace, Inc. (a)........ 164 $ 6,811
Boeing Co. ................... 5,719 600,438
Ceradyne, Inc. (a)............ 272 20,601
DRS Technologies, Inc. ....... 173 9,536
General Dynamics Corp. ....... 2,507 211,766
Goodrich Corp. ............... 1,561 106,507
Honeywell International,
 Inc. ....................... 5,777 343,558
L-3 Communications Holdings,
 Inc. ....................... 1,141 116,542
Lockheed Martin Corp. ........ 2,580 279,904
Northrop Grumman Corp. ....... 2,422 188,916
Precision Castparts Corp. .... 927 137,178
Raytheon Co. ................. 3,971 253,429
Rockwell Collins, Inc. ....... 1,811 132,275
Taser International, Inc.
 (a)......................... 166 2,605
United Technologies Corp. .... 6,962 560,302
 ------------
 2,970,368
 ------------
AIR FREIGHT & LOGISTICS -- 0.6%
C.H. Robinson Worldwide,
 Inc. ....................... 1,086 58,959
Expeditors International
 Washington, Inc. ........... 2,862 135,372
FedEx Corp. .................. 2,179 228,250
Forward Air Corp. ............ 1,883 56,076
United Parcel Service, Inc.
 (Class B)................... 4,137 310,689
 ------------
 789,346
 ------------
AIRLINES -- 0.2%
AMR Corp. (a)................. 2,461 54,856
Continental Airlines, Inc.
 (Class B) (a)............... 529 17,473
JetBlue Airways Corp. (a)..... 2,769 25,530
Midwest Air Group, Inc. (a)... 1,357 22,323
Pinnacle Airlines Corp. (a)... 198 3,172
Southwest Airlines Co. ....... 6,588 97,502
 ------------
 220,856
 ------------
AUTO COMPONENTS -- 0.4%
American Axle & Manufacturing
 Holdings, Inc. ............. 300 7,575
Gentex Corp. ................. 2,936 62,948
Johnson Controls, Inc. ....... 1,739 205,393
Lear Corp. (a)................ 1,174 37,685
Modine Manufacturing Co. ..... 1,735 46,186
Proliance International, Inc.
 (a)......................... 2,532 5,343
The Goodyear Tire & Rubber Co.
 (a)......................... 2,614 79,492
WABCO Holdings, Inc. ......... 591 27,629
 ------------
 472,251
 ------------
AUTOMOBILES -- 0.3%
Ford Motor Co. (a)............ 15,405 130,788
General Motors Corp. ......... 4,237 155,498
Harley-Davidson, Inc. ........ 2,426 112,106
Thor Industries, Inc. ........ 320 14,397
 ------------
 412,789
 ------------
BEVERAGES -- 1.7%
Anheuser-Busch Cos., Inc. .... 5,243 262,097
Coca-Cola Enterprises, Inc. .. 3,146 76,196
Constellation Brands, Inc.
 (Class A) (a)............... 2,244 54,327
PepsiCo, Inc. ................ 12,141 889,450
The Coca-Cola Co. ............ 16,114 926,072
The Pepsi Bottling Group,
 Inc. ....................... 2,169 80,622
 ------------
 2,288,764
 ------------
BIOTECHNOLOGY -- 1.6%
Acadia Pharmaceuticals, Inc.
 (a)......................... 209 3,145
Alfacell Corp. (a)............ 3,442 7,194
Amgen, Inc. (a)............... 9,688 548,050
Amylin Pharmaceuticals, Inc.
 (a)......................... 313 15,650
AVI BioPharma, Inc. (a)....... 2,712 6,916
BioCryst Pharmaceuticals, Inc.
 (a)......................... 522 3,769
Biogen Idec, Inc. (a)......... 3,306 219,287
Celgene Corp. (a)............. 3,691 263,205
Cephalon, Inc. (a)............ 1,228 89,718
Chelsea Therapeutics
 International, Inc. (a)..... 3,756 25,128
CV Therapeutics, Inc. (a)..... 124 1,113
Dynavax Technologies Corp.
 (a)......................... 1,461 6,268
Genentech, Inc. (a)........... 3,678 286,958
Genzyme Corp. (a)............. 1,923 119,149
Gilead Sciences, Inc. (a)..... 8,016 327,614
Human Genome Sciences, Inc.
 (a)......................... 3,391 34,893
ImClone Systems, Inc. (a)..... 1,101 45,515
InterMune, Inc. (a)........... 158 3,022
Isolagen, Inc. (a)............ 6,366 16,934
Martek Biosciences Corp. (a).. 200 5,806
Medarex, Inc. (a)............. 228 3,228
Millennium Pharmaceuticals,
 Inc. (a).................... 5,144 52,212
Neurocrine Biosciences, Inc.
 (a)......................... 1,078 10,780
Novavax, Inc. (a)............. 1,983 7,119
OSI Pharmaceuticals, Inc.
 (a)......................... 617 20,972
PDL BioPharma, Inc. (a)....... 389 8,406
Pharmion Corp. (a)............ 326 15,042
SIGA Technologies, Inc. (a)... 4,382 17,528
StemCells, Inc. (a)........... 3,234 6,824
Threshold Pharmaceuticals,
 Inc. (a).................... 416 370
 ------------
 2,171,815
 ------------
BUILDING PRODUCTS -- 0.1%
American Standard Cos.,
 Inc. ....................... 1,774 63,190
Masco Corp. .................. 3,285 76,113
Simpson Manufacturing Co.,
 Inc. ....................... 313 9,969
USG Corp. (a)................. 536 20,127
 ------------
 169,399
 ------------
CAPITAL MARKETS -- 3.0%
A.G. Edwards, Inc. ........... 756 63,315
Ameriprise Financial, Inc. ... 1,605 101,291
E*TRADE Financial Corp. (a)... 4,745 61,970
Franklin Resources, Inc. ..... 1,288 164,220
International Assets Holding
 Corp. (a)................... 1,461 37,621
Janus Capital Group, Inc. .... 3,429 96,972
Legg Mason, Inc. ............. 1,058 89,179
Lehman Brothers Holdings,
 Inc. ....................... 4,601 284,020
Merrill Lynch & Co., Inc. .... 6,828 486,682
Morgan Stanley................ 7,758 488,754
Northern Trust Corp. ......... 1,956 129,624
Nuveen Investments, Inc. ..... 245 15,175
SEI Investments Co. .......... 3,106 84,732
State Street Corp. (b)........ 2,945 200,731
T. Rowe Price Group, Inc. .... 1,853 103,193
TD Ameritrade Holding Corp.
 (a)......................... 1,950 35,529
The Bank of New York Mellon
 Corp. ...................... 9,165 404,543
The Bear Stearns Cos., Inc. .. 942 115,687
The Charles Schwab Corp. ..... 10,300 222,480

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
The Goldman Sachs Group,
 Inc. ....................... 3,263 $ 707,223
Waddell & Reed Financial, Inc.
 (Class A)................... 2,669 72,143
 ------------
 3,965,084
 ------------
CHEMICALS -- 1.6%
Air Products & Chemicals,
 Inc. ....................... 1,895 185,255
Ashland, Inc. ................ 885 53,286
Cabot Corp. .................. 416 14,780
Chemtura Corp. ............... 2,646 23,523
E. I. du Pont de Nemours &
 Co. ........................ 7,395 366,496
Eastman Chemical Co. ......... 1,102 73,536
Ecolab, Inc. ................. 2,254 106,389
Lyondell Chemical Co. ........ 2,500 115,875
Monsanto Co. ................. 4,542 389,431
Nalco Holding Co. ............ 626 18,561
PPG Industries, Inc. ......... 1,596 120,578
Praxair, Inc. ................ 2,889 241,983
Rohm & Haas Co. .............. 1,631 90,798
Sigma-Aldrich Corp. .......... 835 40,698
The Dow Chemical Co. ......... 7,387 318,084
The Mosaic Co. (a)............ 192 10,276
Xethanol Corp. (a)............ 5,112 3,578
 ------------
 2,173,127
 ------------
COMMERCIAL BANKS -- 3.6%
Arrow Financial Corp. ........ 2,247 50,073
Bank of Granite Corp. ........ 4,383 59,521
Bank of Hawaii Corp. ......... 416 21,986
BB&T Corp. ................... 3,945 159,339
Capitol Bancorp, Ltd. ........ 1,604 39,827
Cathay General Bancorp........ 313 10,082
Citizens Republic Bancorp,
 Inc. ....................... 2,348 37,826
Columbia Banking System,
 Inc. ....................... 2,286 72,740
Comerica, Inc. ............... 522 26,768
Commerce Bancorp, Inc. ....... 1,909 74,031
Community Banks, Inc. ........ 2,911 86,719
CVB Financial Corp. .......... 4,467 52,264
Farmers Capital Bank Corp. ... 1,882 53,524
Fifth Third Bancorp........... 3,585 121,460
First Bancorp- North
 Carolina.................... 1,343 27,370
First Commonwealth Financial
 Corp. ...................... 5,438 60,144
First Community Bancorp,
 Inc. ....................... 956 52,303
First Merchants Corp. ........ 2,569 55,388
FNB Corp. .................... 2,296 69,087
Horizon Financial Corp. ...... 1,864 37,802
Huntington Bancshares, Inc. .. 731 12,412
Independent Bank Corp.-
 Massachusetts............... 1,775 52,717
Integra Bank Corp. ........... 1,676 30,386
International Bancshares
 Corp. ...................... 458 9,939
Keycorp....................... 2,966 95,891
Lakeland Financial Corp. ..... 3,111 71,895
M&T Bank Corp. ............... 626 64,760
Marshall & Ilsley Corp. ...... 835 36,548
National City Corp. .......... 4,190 105,127
National Penn Bancshares,
 Inc. ....................... 3,496 57,192
Old National Bancorp.......... 522 8,649
Omega Financial Corp. ........ 2,123 56,068
PNC Financial Services Group,
 Inc. ....................... 1,861 126,734
Popular, Inc. ................ 1,879 23,074
Regions Financial Corp. ...... 4,223 124,494
Renasant Corp. ............... 2,991 64,695
Sandy Spring Bancorp, Inc. ... 1,798 54,156
Simmons First National
 Corp. ...................... 2,135 56,236
Sterling Financial Corp.-
 Pennsylvania................ 3,028 51,930
SunTrust Banks, Inc. ......... 2,282 172,679
Synovus Financial Corp. ...... 835 23,422
The Colonial BancGroup,
 Inc. ....................... 1,002 21,663
Trustmark Corp. .............. 416 11,665
U.S. Bancorp.................. 13,326 433,495
UCBH Holdings, Inc. .......... 2,911 50,884
Umpqua Holdings Corp. ........ 2,999 60,010
UnionBanCal Corp. ............ 416 24,299
United Bankshares, Inc. ...... 313 9,528
United Community Banks,
 Inc. ....................... 2,123 52,056
Wachovia Corp. ............... 14,002 702,200
Wells Fargo & Co. ............ 23,423 834,327
Zions Bancorp................. 303 20,807
 ------------
 4,688,192
 ------------
COMMERCIAL SERVICES & SUPPLIES -- 0.8%
ACCO Brands Corp. (a)......... 315 7,069
Avery Dennison Corp. ......... 1,281 73,043
ChoicePoint, Inc. (a)......... 1,292 48,993
Cintas Corp. ................. 1,754 65,073
Covanta Holding Corp. (a)..... 200 4,902
Dun & Bradstreet Corp. ....... 950 93,680
Ennis, Inc. .................. 3,021 66,583
Equifax, Inc. ................ 1,707 65,071
Herman Miller, Inc. .......... 1,653 44,862
Hudson Highland Group, Inc.
 (a)......................... 112 1,426
Manpower, Inc. ............... 603 38,803
Monster Worldwide, Inc. (a)... 1,621 55,211
PHH Corp. (a)................. 565 14,848
Pitney Bowes, Inc. ........... 2,118 96,200
R.R. Donnelley & Sons Co. .... 2,686 98,200
Robert Half International,
 Inc. ....................... 2,309 68,947
Waste Connections, Inc. (a)... 469 14,895
Waste Management, Inc. ....... 5,025 189,643
 ------------
 1,047,449
 ------------
COMMUNICATIONS EQUIPMENT -- 2.7%
3Com Corp. (a)................ 9,974 49,272
ADC Telecommunications, Inc.
 (a)......................... 1,846 36,200
Andrew Corp. (a).............. 3,022 41,855
Arris Group, Inc. (a)......... 257 3,174
Avaya, Inc. (a)............... 5,050 85,648
Avici Systems, Inc. .......... 1,985 21,160
Avocent Corp. (a)............. 416 12,114
Carrier Access Corp. (a)...... 2,400 9,120
CIENA Corp. (a)............... 500 19,040
Cisco Systems, Inc. (a)....... 48,111 1,592,955
Comtech Telecommunications
 Corp. (a)................... 51 2,728
Corning, Inc. ................ 12,111 298,536
Finisar Corp. (a)............. 3,131 8,767
Foundry Networks, Inc. (a).... 939 16,686
Harris Corp. ................. 1,799 103,964
InterDigital, Inc. (a)........ 200 4,156
JDS Uniphase Corp. (a)........ 2,639 39,479
Juniper Networks, Inc. (a).... 5,213 190,848
Motorola, Inc. ............... 18,748 347,400
MRV Communications, Inc. (a).. 3,651 9,054
Occam Networks, Inc. (a)...... 728 6,931
Plantronics, Inc. ............ 416 11,877
Polycom, Inc. (a)............. 200 5,372
Proxim Wireless Corp (a)...... 5,635 8,847

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
QUALCOMM, Inc. ............... 12,671 $ 535,476
Relm Wireless Corp. (a)....... 104 458
Tellabs, Inc. (a)............. 5,865 55,835
 ------------
 3,516,952
 ------------
COMPUTERS & PERIPHERALS -- 4.0%
Apple, Inc. (a)............... 7,095 1,089,366
Avid Technology, Inc. (a)..... 698 18,902
Brocade Communications
 Systems, Inc. (a)........... 1,879 16,084
Dell, Inc. (a)................ 16,679 460,340
EMC Corp. (a)................. 19,477 405,122
Hewlett-Packard Co. .......... 22,477 1,119,130
Icad, Inc. (a)................ 3,757 11,309
International Business
 Machines Corp. ............. 12,152 1,431,506
Interphase Corp. (a).......... 835 9,135
Lexmark International, Inc.
 (a)......................... 884 36,712
NCR Corp. (a)................. 1,954 97,309
Network Appliance, Inc. (a)... 3,417 91,951
Novatel Wireless, Inc. (a).... 404 9,151
Palm, Inc. (a)................ 626 10,185
QLogic Corp. (a).............. 2,493 33,531
SanDisk Corp. (a)............. 2,540 139,954
Seagate Technology............ 2,651 67,813
Sun Microsystems, Inc. (a).... 30,837 172,995
Western Digital Corp. (a)..... 2,730 69,124
 ------------
 5,289,619
 ------------
CONSTRUCTION & ENGINEERING -- 0.3%
EMCOR Group, Inc. (a)......... 417 13,077
Fluor Corp. .................. 967 139,229
Foster Wheeler, Ltd. (a)...... 357 46,867
Jacobs Engineering Group, Inc.
 (a)......................... 1,936 146,323
Quanta Services, Inc. (a)..... 303 8,014
URS Corp. (a)................. 313 17,669
 ------------
 371,179
 ------------
CONSTRUCTION MATERIALS -- 0.2%
Eagle Materials, Inc. ........ 313 11,187
Florida Rock Industries,
 Inc. ....................... 551 34,432
Headwaters, Inc. (a).......... 313 4,657
Martin Marietta Materials,
 Inc. ....................... 495 66,107
Vulcan Materials Co. ......... 1,007 89,774
 ------------
 206,157
 ------------
CONSUMER FINANCE -- 0.8%
American Express Co. ......... 8,028 476,622
AmeriCredit Corp. (a)......... 1,964 34,527
Capital One Financial Corp. .. 3,507 232,970
Discover Financial Services
 (a)......................... 3,830 79,664
SLM Corp. .................... 3,447 171,213
The First Marblehead Corp. ... 200 7,586
 ------------
 1,002,582
 ------------
CONTAINERS & PACKAGING -- 0.3%
Crown Holdings, Inc. (a)...... 2,565 58,379
Myers Industries, Inc. ....... 286 5,668
Owens-Illinois, Inc. (a)...... 2,017 83,605
Pactiv Corp. (a).............. 2,469 70,762
Sealed Air Corp. ............. 2,441 62,392
Smurfit-Stone Container Corp.
 (a)......................... 4,139 48,343
Temple-Inland, Inc. .......... 1,331 70,051
 ------------
 399,200
 ------------
DISTRIBUTORS -- 0.0% (c)
Genuine Parts Co. ............ 522 26,100
 ------------
DIVERSIFIED CONSUMER SERVICES -- 0.3%
Apollo Group, Inc. (a)........ 1,407 84,631
Career Education Corp. (a).... 1,366 38,234
H&R Block, Inc. .............. 2,663 56,402
ITT Educational Services, Inc.
 (a)......................... 865 105,262
Service Corp. International... 5,673 73,182
Strayer Education, Inc. ...... 104 17,538
 ------------
 375,249
 ------------
DIVERSIFIED FINANCIAL SERVICES -- 4.1%
Bank of America Corp. ........ 33,419 1,679,973
CIT Group, Inc. .............. 2,100 84,420
Citigroup, Inc. .............. 38,013 1,774,067
CME Group, Inc. .............. 289 169,744
IntercontinentalExchange, Inc.
 (a)......................... 532 80,811
International Securities
 Exchange Holdings, Inc. .... 395 26,256
JPMorgan Chase & Co. ......... 25,892 1,186,371
Leucadia National Corp. ...... 2,480 119,585
Moody's Corp. ................ 2,382 120,053
NYSE Euronext................. 1,059 83,841
The Nasdaq Stock Market, Inc.
 (a)......................... 416 15,675
 ------------
 5,340,796
 ------------
DIVERSIFIED TELECOMMUNICATION SERVICES -- 2.6%
AT&T, Inc. ................... 46,408 1,963,522
Cbeyond, Inc. (a)............. 21 857
CenturyTel, Inc. ............. 939 43,400
Citizens Communications Co. .. 5,028 72,001
Cogent Communications Group,
 Inc. (a).................... 1,461 34,100
Covad Communications Group,
 Inc. (a).................... 5,115 3,427
Embarq Corp. ................. 1,030 57,268
Fibernet Telecom Group, Inc.
 (a)......................... 2,295 19,186
Level 3 Communications, Inc.
 (a)......................... 7,308 33,982
Qwest Communications
 International, Inc. (a)..... 16,448 150,664
SureWest Communications....... 1,632 40,816
Time Warner Telecom, Inc.
 (Class A) (a)............... 432 9,491
Verizon Communications,
 Inc. ....................... 21,299 943,120
Windstream Corp. ............. 2,572 36,317
 ------------
 3,408,151
 ------------
ELECTRIC UTILITIES -- 1.7%
Allegheny Energy, Inc. (a).... 2,052 107,238
American Electric Power Co.,
 Inc. ....................... 3,347 154,230
Central Vermont Public Service
 Corp. ...................... 2,840 103,774
Duke Energy Corp. ............ 7,805 145,876
Edison International.......... 2,811 155,870
Entergy Corp. ................ 1,677 181,602
Exelon Corp. ................. 5,262 396,544
FirstEnergy Corp. ............ 2,609 165,254
FPL Group, Inc. .............. 2,997 182,458
MGE Energy, Inc. ............. 1,757 58,754
Northeast Utilities........... 774 22,113
Pepco Holdings, Inc. ......... 3,489 94,482
Pinnacle West Capital Corp. .. 173 6,835
PPL Corp. .................... 3,671 169,967
Progress Energy, Inc. ........ 626 29,328
Reliant Energy, Inc. (a)...... 4,115 105,344
The Southern Co. ............. 5,029 182,452
 ------------
 2,262,121
 ------------

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
ELECTRICAL EQUIPMENT -- 0.5%
BTU International, Inc. (a)... 209 $ 2,688
Capstone Turbine Corp. (a).... 4,382 5,258
Cooper Industries, Ltd. ...... 2,155 110,099
Emerson Electric Co. ......... 6,317 336,191
Hubbell, Inc. (Class B)....... 1,169 66,773
Phazar Corp. (a).............. 730 5,694
Rockwell Automation, Inc. .... 1,604 111,494
Roper Industries, Inc. ....... 1,372 89,866
 ------------
 728,063
 ------------
ELECTRONIC EQUIPMENT & INSTRUMENTS -- 0.8%
Aetrium, Inc. (a)............. 4,069 20,345
Agilent Technologies, Inc.
 (a)......................... 3,464 127,752
American Technology Corp.
 (a)......................... 2,192 8,330
Amphenol Corp. (Class A)...... 2,421 96,259
Arrow Electronics, Inc. (a)... 1,906 81,043
Avnet, Inc. (a)............... 2,192 87,373
Benchmark Electronics, Inc.
 (a)......................... 184 4,392
CDW Corp. (a)................. 936 81,619
Digital Angel Corp. (a)....... 4,800 6,240
Itron, Inc. (a)............... 100 9,307
Jabil Circuit, Inc. .......... 1,947 44,469
Lightpath Technologies, Inc.
 (a)......................... 4,278 17,583
Lumera Corp. (a).............. 1,670 7,164
Mechanical Technology, Inc.
 (a)......................... 3,338 3,805
Molex, Inc. .................. 2,046 55,099
National Instruments Corp. ... 416 14,281
RAE Systems, Inc. (a)......... 2,399 7,941
Sanmina-SCI Corp. (a)......... 7,822 16,583
Security With Advanced
 Technology,
 Inc. (a).................... 419 1,634
Solectron Corp. (a)........... 12,588 49,093
Superconductor Technologies,
 Inc. (a).................... 104 726
Tech Data Corp. (a)........... 200 8,024
Tektronix, Inc. .............. 1,867 51,791
Trimble Navigation, Ltd. (a).. 2,202 86,340
Tyco Electronics, Ltd. ....... 3,783 134,032
Vishay Intertechnology, Inc.
 (a)......................... 3,350 43,651
 ------------
 1,064,876
 ------------
ENERGY EQUIPMENT & SERVICES -- 2.6%
Baker Hughes, Inc. ........... 2,399 216,798
BJ Services Co. .............. 2,981 79,146
Bronco Drilling Co., Inc.
 (a)......................... 245 3,626
Cameron International Corp.
 (a)......................... 835 77,062
Diamond Offshore Drilling,
 Inc. ....................... 416 47,129
ENSCO International, Inc. .... 1,803 101,148
Exterran Holdings, Inc. (a)... 209 16,791
Global Industries, Ltd. (a)... 211 5,435
GlobalSantaFe Corp. .......... 2,187 166,256
Grant Prideco, Inc. (a)....... 2,151 117,273
Grey Wolf, Inc. (a)........... 6,215 40,708
Halliburton Co. .............. 8,130 312,192
Helmerich & Payne, Inc. ...... 626 20,552
Horizon Offshore, Inc. (a).... 300 4,950
Matrix Service Co. (a)........ 154 3,226
Nabors Industries, Ltd. (a)... 2,852 87,756
National-Oilwell Varco, Inc.
 (a)......................... 1,693 244,638
Noble Corp. .................. 2,680 131,454
Omni Energy Services Corp.
 (a)......................... 4,172 33,334
Patterson-UTI Energy, Inc. ... 2,242 50,602
PowerSecure International,
 Inc. (a).................... 1,671 20,821
Pride International, Inc.
 (a)......................... 1,148 41,959
Rowan Cos., Inc. ............. 1,870 68,405
Schlumberger, Ltd. ........... 8,368 878,640
Smith International, Inc. .... 731 52,193
Superior Energy Services, Inc.
 (a)......................... 2,620 92,853
TGC Industries, Inc. (a)...... 2,958 31,325
Tidewater, Inc. .............. 416 26,141
Transocean, Inc. (a).......... 2,756 311,566
Weatherford International,
 Ltd. (a).................... 2,538 170,503
 ------------
 3,454,482
 ------------
FOOD & STAPLES RETAILING -- 2.0%
Costco Wholesale Corp. ....... 3,843 235,845
CVS Caremark Corp. ........... 12,752 505,362
Performance Food Group Co.
 (a)......................... 1,299 39,139
Safeway, Inc. ................ 3,991 132,142
SUPERVALU, Inc. .............. 2,196 85,666
Sysco Corp. .................. 5,277 187,808
The Kroger Co. ............... 5,739 163,676
The Topps Co., Inc. .......... 5,267 51,037
Wal-Mart Stores, Inc. ........ 18,555 809,926
Walgreen Co. ................. 7,742 365,732
Whole Foods Market, Inc. ..... 1,148 56,206
 ------------
 2,632,539
 ------------
FOOD PRODUCTS -- 1.4%
Archer-Daniels-Midland Co. ... 5,567 184,156
Bunge, Ltd. .................. 1,258 135,172
Campbell Soup Co. ............ 2,695 99,715
ConAgra Foods, Inc. .......... 4,867 127,175
Dean Foods Co. ............... 1,915 48,986
Del Monte Foods Co. .......... 5,072 53,256
Flowers Foods, Inc. .......... 3,316 72,289
General Mills, Inc. .......... 2,893 167,823
H.J. Heinz Co. ............... 3,138 144,976
Kellogg Co. .................. 700 39,200
Kraft Foods, Inc. ............ 11,498 396,796
McCormick & Co., Inc. ........ 939 33,776
Pilgrim's Pride Corp. ........ 313 10,870
Sara Lee Corp. ............... 6,951 116,012
The Hershey Co. .............. 1,472 68,315
The J.M. Smucker Co. ......... 416 22,223
TreeHouse Foods, Inc. (a)..... 382 10,333
Tyson Foods, Inc. (Class A)... 3,451 61,600
Wm. Wrigley Jr., Co. ......... 522 33,528
 ------------
 1,826,201
 ------------
GAS UTILITIES -- 0.2%
Chesapeake Utilities Corp. ... 2,008 68,252
EnergySouth, Inc. ............ 2,286 115,260
Questar Corp. ................ 1,198 62,931
 ------------
 246,443
 ------------
HEALTH CARE EQUIPMENT & SUPPLIES -- 1.7%
Advanced Medical Optics, Inc.
 (a)......................... 1,157 35,393
Align Technology, Inc. (a).... 176 4,458
Angeion Corp. (a)............. 1,773 13,014
Bausch & Lomb, Inc. .......... 671 42,944
Baxter International, Inc. ... 4,651 261,758
Becton, Dickinson & Co. ...... 2,058 168,859
Boston Scientific Corp. (a)... 9,201 128,354
C.R. Bard, Inc. .............. 1,075 94,804
Cambridge Heart, Inc. (a)..... 6,780 23,730

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
Covidien, Ltd. (a)............ 3,783 $ 156,995
Cytyc Corp. (a)............... 1,893 90,201
Edwards Lifesciences Corp.
 (a)......................... 1,122 55,326
Hologic, Inc. (a)............. 416 25,376
Hospira, Inc. (a)............. 1,803 74,734
Insite Vision, Inc. (a)....... 2,503 2,878
Intuitive Surgical, Inc. (a).. 15 3,450
Kinetic Concepts, Inc. (a).... 746 41,985
Medtronic, Inc. .............. 8,756 493,926
St. Jude Medical, Inc. (a).... 3,137 138,248
Stryker Corp. ................ 2,408 165,574
Varian Medical Systems, Inc.
 (a)......................... 1,644 68,867
Zimmer Holdings, Inc. (a)..... 2,010 162,790
 ------------
 2,253,664
 ------------
HEALTH CARE PROVIDERS & SERVICES -- 2.4%
Aetna, Inc. .................. 4,791 260,007
AmerisourceBergen Corp. ...... 2,282 103,443
Cardinal Health, Inc. ........ 3,579 223,795
CIGNA Corp. .................. 3,092 164,773
Coventry Health Care, Inc.
 (a)......................... 1,570 97,670
DaVita, Inc. (a).............. 1,182 74,679
Express Scripts, Inc. (Class
 A) (a)...................... 2,746 153,282
Health Management Associates,
 Inc. ....................... 2,427 16,843
Health Net, Inc. (a).......... 1,580 85,399
Healthsouth Corp. (a)......... 200 3,502
Healthways, Inc. (a).......... 209 11,280
Henry Schein, Inc. (a)........ 1,397 84,993
Humana, Inc. (a).............. 1,649 115,232
Laboratory Corp. of America
 Holdings (a)................ 1,400 109,522
Lincare Holdings, Inc. (a).... 1,296 47,498
Manor Care, Inc. ............. 939 60,472
McKesson Corp. ............... 2,589 152,207
Medco Health Solutions, Inc.
 (a)......................... 2,387 215,761
Omnicare, Inc. ............... 1,356 44,924
Patterson Cos., Inc. (a)...... 1,358 52,432
PharMerica Corp. (a).......... 190 2,835
Psychiatric Solutions, Inc.
 (a)......................... 313 12,295
Quest Diagnostics, Inc. ...... 1,108 64,009
Sierra Health Services, Inc.
 (a)......................... 211 8,902
Tenet Healthcare Corp. (a).... 5,438 18,272
UnitedHealth Group, Inc. ..... 10,863 526,095
VCA Antech, Inc. (a).......... 1,572 65,631
WellPoint, Inc. (a)........... 4,867 384,104
 ------------
 3,159,857
 ------------
HEALTH CARE TECHNOLOGY -- 0.1%
HLTH Corp. (a)................ 1,848 26,186
IMS Health, Inc. ............. 2,894 88,672
 ------------
 114,858
 ------------
HOTELS, RESTAURANTS & LEISURE -- 2.1%
Bob Evans Farms, Inc. ........ 2,370 71,527
Brinker International, Inc. .. 860 23,598
Carnival Corp. ............... 3,449 167,035
Darden Restaurants, Inc. ..... 1,785 74,720
Gaylord Entertainment Co.
 (a)......................... 313 16,658
Harrah's Entertainment,
 Inc. ....................... 2,588 224,975
Hilton Hotels Corp. .......... 3,657 170,014
International Game
 Technology.................. 3,232 139,299
Las Vegas Sands Corp. (a)..... 728 97,130
Marriott International, Inc.
 (Class A)................... 3,188 138,582
McDonald's Corp. ............. 9,510 518,010
MGM Mirage, Inc. (a).......... 1,385 123,874
Orient-Express Hotels, Ltd.
 (Class A)................... 225 11,536
Panera Bread Co. (Class A)
 (a)......................... 209 8,527
Penn National Gaming, Inc.
 (a)......................... 397 23,431
Ruby Tuesday, Inc. ........... 522 9,574
Scientific Games Corp. (Class
 A) (a)...................... 1,654 62,190
Starbucks Corp. (a)........... 6,628 173,654
Starwood Hotels & Resorts
 Worldwide, Inc. ............ 1,820 110,565
Station Casinos, Inc. ........ 724 63,336
The Cheesecake Factory, Inc.
 (a)......................... 1,771 41,565
The Steak n Shake Co. (a)..... 2,395 35,949
Wendy's International, Inc. .. 1,253 43,742
Wyndham Worldwide Corp. ...... 1,774 58,116
Wynn Resorts, Ltd. ........... 864 136,132
Yum! Brands, Inc. ............ 5,147 174,123
 ------------
 2,717,862
 ------------
HOUSEHOLD DURABLES -- 0.7%
American Greetings Corp.
 (Class A)................... 1,731 45,698
Bassett Furniture Industries,
 Inc. ....................... 2,781 28,867
Beazer Homes USA, Inc. ....... 763 6,295
Black & Decker Corp. ......... 833 69,389
Centex Corp. ................. 1,458 38,739
D.R. Horton, Inc. ............ 2,807 35,958
Fortune Brands, Inc. ......... 1,239 100,966
Garmin, Ltd. ................. 379 45,253
Handheld Entertainment, Inc.
 (a)......................... 313 889
Harman International
 Industries, Inc. ........... 746 64,544
Hovnanian Enterprises, Inc.
 (a)......................... 323 3,582
Jarden Corp. (a).............. 43 1,318
KB HOME....................... 1,206 30,222
Kimball International, Inc.
 (Class B)................... 3,015 34,311
Leggett & Platt, Inc. ........ 2,372 45,448
Lennar Corp. (Class A)........ 1,271 28,788
Mohawk Industries, Inc. (a)... 416 33,821
National Presto Industries,
 Inc. ....................... 369 19,557
Newell Rubbermaid, Inc. ...... 3,248 93,607
NVR, Inc. (a)................. 70 32,917
Pulte Homes, Inc. ............ 1,991 27,097
Ryland Group, Inc. ........... 675 14,465
Toll Brothers, Inc. (a)....... 1,148 22,949
Whirlpool Corp. .............. 819 72,973
 ------------
 897,653
 ------------
HOUSEHOLD PRODUCTS -- 1.9%
Church & Dwight Co., Inc. .... 1,469 69,102
Colgate-Palmolive Co. ........ 4,006 285,708
Energizer Holdings, Inc. (a).. 982 108,854
Kimberly-Clark Corp. ......... 3,305 232,209
Procter & Gamble Co. ......... 24,008 1,688,723
The Clorox Co. ............... 1,110 67,699
 ------------
 2,452,295
 ------------
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS -- 0.5%
Constellation Energy Group,
 Inc. ....................... 1,679 144,041
Mirant Corp. (a).............. 1,879 76,438
NRG Energy, Inc. (a).......... 2,698 114,098
The AES Corp. (a)............. 6,067 121,583
TXU Corp. .................... 3,658 250,463
US Energy Systems, Inc. (a)... 4,486 2,916
 ------------
 709,539
 ------------

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
INDUSTRIAL CONGLOMERATES -- 3.2%
3M Co. ....................... 5,071 $ 474,544
General Electric Co. ......... 78,195 3,237,273
McDermott International, Inc.
 (a)......................... 2,278 123,195
Textron, Inc. ................ 2,382 148,184
Tyco International Ltd........ 3,783 167,738
 ------------
 4,150,934
 ------------
INSURANCE -- 4.5%
ACE, Ltd. .................... 2,104 127,439
AFLAC, Inc. .................. 4,129 235,518
Alfa Corp. ................... 4,315 78,447
AMBAC Financial Group, Inc. .. 1,141 71,780
American International Group,
 Inc. ....................... 17,492 1,183,334
AON Corp. .................... 2,877 128,918
Assurant, Inc. ............... 1,888 101,008
Berkshire Hathaway, Inc.
 (Class A) (a)............... 7 829,570
Chubb Corp. .................. 3,013 161,617
Cincinnati Financial Corp. ... 1,081 46,818
Everest Re Group, Ltd. ....... 503 55,451
Fidelity National Financial,
 Inc. ....................... 2,337 40,851
Genworth Financial, Inc.
 (Class A)................... 2,845 87,427
Hartford Financial Services
 Group, Inc. ................ 2,291 212,032
IPC Holdings, Ltd. ........... 906 26,138
Lincoln National Corp. ....... 2,234 147,377
Loews Corp. .................. 3,741 180,877
Marsh & McLennan Cos., Inc. .. 3,892 99,246
MBIA, Inc. ................... 1,441 87,973
MetLife, Inc. ................ 3,522 245,589
PartnerRe, Ltd. .............. 168 13,270
Philadelphia Consolidated
 Holding Co. (a)............. 313 12,940
Principal Financial Group,
 Inc. ....................... 2,618 165,170
ProAssurance Corp. (a)........ 1,144 61,627
Prudential Financial, Inc. ... 4,013 391,589
Reinsurance Group America,
 Inc. ....................... 313 17,744
RenaissanceRe Holdings,
 Ltd. ....................... 575 37,611
SAFECO Corp. ................. 1,441 88,218
Selective Insurance Group,
 Inc. ....................... 2,551 54,285
The Allstate Corp. ........... 5,081 290,582
The Hanover Insurance Group,
 Inc. ....................... 934 41,274
The Phoenix Cos., Inc. ....... 3,790 53,477
The Progressive Corp. ........ 5,300 102,873
The Travelers Cos., Inc. ..... 5,404 272,037
Torchmark Corp. .............. 416 25,925
Transatlantic Holdings,
 Inc. ....................... 209 14,699
Unum Group.................... 3,966 97,048
WR Berkley Corp. ............. 522 15,467
XL Capital, Ltd. (Class A).... 999 79,121
 ------------
 5,982,367
 ------------
INTERNET & CATALOG RETAIL -- 0.4%
Amazon.com, Inc. (a).......... 2,759 257,001
Expedia, Inc. (a)............. 2,329 74,248
IAC/InterActiveCorp (a)....... 2,329 69,101
Liberty Media Holding Corp. -
 Interactive (Class A) (a)... 5,317 102,140
 ------------
 502,490
 ------------
INTERNET SOFTWARE & SERVICES -- 1.4%
Akamai Technologies, Inc.
 (a)......................... 1,757 50,479
Art Technology Group, Inc.
 (a)......................... 3,027 9,141
EarthLink, Inc. (a)........... 4,110 32,551
eBay, Inc. (a)................ 7,817 305,019
EDGAR Online, Inc. (a)........ 315 939
Equinix, Inc. (a)............. 100 8,869
Google, Inc. (Class A) (a).... 1,743 988,752
Internap Network Services
 Corp. (a)................... 2,436 34,518
Local.com Corp. (a)........... 2,608 16,926
Looksmart (a)................. 1,983 5,612
NaviSite, Inc. (a)............ 3,548 31,187
Quepasa Corp. (a)............. 3,236 13,106
Terremark Worldwide, Inc.
 (a)......................... 1,878 13,465
VeriSign, Inc. (a)............ 2,637 88,972
Websense, Inc. (a)............ 416 8,208
Yahoo!, Inc. (a).............. 9,131 245,076
 ------------
 1,852,820
 ------------
IT SERVICES -- 1.2%
Accenture, Ltd. (Class A)..... 3,414 137,413
Affiliated Computer Services,
 Inc. (a).................... 1,241 62,348
Alliance Data Systems Corp.
 (a)......................... 347 26,872
Automatic Data Processing,
 Inc. ....................... 4,449 204,343
Broadridge Financial
 Solutions, Inc. ............ 1,111 21,053
Ceridian Corp. (a)............ 2,328 80,875
Checkfree Corp. (a)........... 1,234 57,430
Cognizant Technology Solutions
 Corp. (a)................... 1,402 111,837
Computer Sciences Corp. (a)... 1,823 101,906
Electronic Data Systems
 Corp. ...................... 4,956 108,239
Fidelity National Information
 Services, Inc. ............. 2,393 106,177
Fiserv, Inc. (a).............. 1,946 98,974
Iron Mountain, Inc. (a)....... 2,575 78,486
Mastercard, Inc. ............. 615 91,002
Paychex, Inc. ................ 3,104 127,264
The Western Union Co. ........ 5,806 121,752
Unisys Corp. (a).............. 5,629 37,264
 ------------
 1,573,235
 ------------
LEISURE EQUIPMENT & PRODUCTS -- 0.2%
Brunswick Corp. .............. 1,384 31,638
Eastman Kodak Co. ............ 2,900 77,604
Hasbro, Inc. ................. 2,794 77,897
Mattel, Inc. ................. 4,406 103,365
Pool Corp. ................... 1,331 33,248
 ------------
 323,752
 ------------
LIFE SCIENCES TOOLS & SERVICES -- 0.6%
Affymetrix, Inc. (a).......... 905 22,960
AMAG Pharmaceuticals, Inc.
 (a)......................... 167 9,552
Applera Corp. -- Applied
 Biosystems Group............ 3,001 103,955
Charles River Laboratories
 International, Inc. (a)..... 522 29,310
Covance, Inc. (a)............. 416 32,406
Invitrogen Corp. (a).......... 864 70,615
Medivation, Inc. (a).......... 2,086 41,824
Millipore Corp. (a)........... 914 69,281
Nektar Therapeutics (a)....... 626 5,528
PerkinElmer, Inc. ............ 2,376 69,403
Pure Bioscience (a)........... 7,302 35,050
Sequenom, Inc. (a)............ 2,297 16,515
Techne Corp. (a).............. 908 57,277
Thermo Fisher Scientific, Inc.
 (a)......................... 3,027 174,719
Waters Corp. (a).............. 1,346 90,074
 ------------
 828,469
 ------------

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
MACHINERY -- 2.2%
AGCO Corp. (a)................ 200 $ 10,154
Caterpillar, Inc. ............ 5,197 407,601
CLARCOR, Inc. ................ 416 14,231
Crane Co. .................... 416 19,955
Cummins, Inc. ................ 618 79,036
Danaher Corp. ................ 1,884 155,826
Deere & Co. .................. 2,019 299,660
Donaldson Co., Inc. .......... 377 15,743
Dover Corp. .................. 1,486 75,712
Eaton Corp. .................. 1,417 140,340
Federal Signal Corp. ......... 2,968 45,588
Harsco Corp. ................. 1,823 108,049
IDEX Corp. ................... 2,420 88,064
Illinois Tool Works, Inc. .... 3,770 224,843
Ingersoll-Rand Co., Ltd.
 (Class A)................... 3,012 164,064
ITT Corp. .................... 1,853 125,874
Joy Global, Inc. ............. 1,962 99,787
Lincoln Electric Holdings,
 Inc. ....................... 313 24,292
Oshkosh Truck Corp. .......... 522 32,348
PACCAR, Inc. ................. 2,415 205,879
Pall Corp. ................... 2,348 91,337
Parker-Hannifin Corp. ........ 1,258 140,682
Pentair, Inc. ................ 1,370 45,457
SPX Corp. .................... 836 77,380
Terex Corp. (a)............... 218 19,406
The Manitowoc Co., Inc. ...... 832 36,841
The Timken Co. ............... 2,184 81,136
Watts Water Technologies,
 Inc. ....................... 1,551 47,616
 ------------
 2,876,901
 ------------
MEDIA -- 3.4%
Cablevision Systems Corp.
 (Class A) (a)............... 2,317 80,956
CBS Corp. .................... 5,690 179,235
Charter Communications, Inc.
 (a)......................... 5,008 12,921
Citadel Broadcasting Corp. ... 1,168 4,859
Clear Channel Communications,
 Inc. ....................... 4,453 166,720
Comcast Corp. (Class A) (a)... 24,833 600,462
Courier Corp. ................ 1,517 53,414
Discovery Holding Co. (Class
 A) (a)...................... 2,314 66,759
Dow Jones & Co., Inc. ........ 676 40,357
EchoStar Communications Corp.
 (Class A) (a)............... 2,608 122,081
EW Scripps Co. ............... 626 26,292
Gannett Co., Inc. ............ 1,786 78,048
Getty Images, Inc. (a)........ 653 18,180
Idearc, Inc. ................. 1,018 32,036
Journal Communications,
 Inc. ....................... 3,036 28,781
Knology, Inc. (a)............. 2,086 34,899
Lamar Advertising Co. ........ 1,046 51,223
Liberty Global, Inc. (Class A)
 (a)......................... 3,468 142,257
Liberty Media Corp. -- Capital
 (Series A) (a).............. 1,065 132,944
Live Nation, Inc. (a)......... 580 12,325
Lodgenet Entertainment Corp.
 (a)......................... 145 3,677
McClatchy Co. (Class A)....... 200 3,996
News Corp. (Class A).......... 18,388 404,352
Omnicom Group, Inc. .......... 3,067 147,492
R.H. Donnelley Corp. (a)...... 338 18,935
Radio One, Inc. (Class A)
 (a)......................... 2,876 10,641
Sirius Satellite Radio, Inc.
 (a)......................... 11,638 40,617
The DIRECTV Group, Inc. (a)... 8,394 203,806
The Interpublic Group of Cos.,
 Inc. (a).................... 4,853 50,374
The McGraw-Hill Cos., Inc. ... 3,206 163,217
The New York Times Co. (Class
 A).......................... 967 19,108
The Walt Disney Co. .......... 15,216 523,278
Time Warner, Inc. ............ 33,897 622,349
Tribune Co. .................. 1,688 46,116
Viacom, Inc. (a).............. 5,690 221,739
Virgin Media, Inc. ........... 2,126 51,598
XM Satellite Radio Holdings,
 Inc. (Class A) (a).......... 2,210 31,316
 ------------
 4,447,360
 ------------
METALS & MINING -- 1.2%
AK Steel Holding Corp. (a).... 472 20,744
Alcoa, Inc. .................. 7,091 277,400
Allegheny Technologies,
 Inc. ....................... 829 91,149
Cleveland-Cliffs, Inc. ....... 181 15,923
Commercial Metals Co. ........ 200 6,330
Freeport-McMoRan Copper &
 Gold, Inc. ................. 3,596 377,184
Metalline Mining, Inc. (a).... 6,365 18,459
Newmont Mining Corp. ......... 4,813 215,286
Nucor Corp. .................. 2,845 169,192
Quanex Corp. ................. 313 14,705
Southern Copper Corp. ........ 626 77,518
Steel Dynamics, Inc. ......... 726 33,904
Titanium Metals Corp. (a)..... 1,147 38,493
United States Steel Corp. .... 1,394 147,680
Wheeling-Pittsburgh Corp.
 (a)......................... 521 10,055
Worthington Industries,
 Inc. ....................... 522 12,298
 ------------
 1,526,320
 ------------
MULTI-UTILITIES -- 0.9%
Ameren Corp. ................. 1,669 87,623
CMS Energy Corp. ............. 3,292 55,371
Consolidated Edison, Inc. .... 626 28,984
Dominion Resources, Inc. ..... 2,480 209,064
DTE Energy Co. ............... 835 40,447
Energy East Corp. ............ 2,699 73,008
NiSource, Inc. ............... 1,044 19,982
PG&E Corp. ................... 3,594 171,793
PNM Resources, Inc. .......... 416 9,684
Public Service Enterprise
 Group, Inc. ................ 1,808 159,086
Sempra Energy................. 1,932 112,288
TECO Energy, Inc. ............ 3,813 62,648
Wisconsin Energy Corp. ....... 835 37,600
Xcel Energy, Inc. ............ 5,029 108,325
 ------------
 1,175,903
 ------------
MULTILINE RETAIL -- 1.0%
Big Lots, Inc. (a)............ 2,813 83,940
Dillard's, Inc. (Class A)..... 522 11,395
Dollar Tree Stores, Inc. (a).. 1,851 75,040
Family Dollar Stores, Inc. ... 2,003 53,200
J. C. Penney Co., Inc. ....... 2,242 142,075
Kohl's Corp. (a).............. 2,533 145,217
Macy's, Inc. ................. 4,706 152,098
Nordstrom, Inc. .............. 2,250 105,502
Sears Holdings Corp. (a)...... 751 95,527
Target Corp. ................. 6,368 404,814
 ------------
 1,268,808
 ------------

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
OFFICE ELECTRONICS -- 0.1%
Xerox Corp. (a)............... 8,637 $ 149,766
Zebra Technologies Corp.
 (Class A) (a)............... 1,055 38,497
 ------------
 188,263
 ------------
OIL, GAS & CONSUMABLE FUELS -- 8.6%
Abraxas Petroleum Corp. (a)... 3,129 11,953
Anadarko Petroleum Corp. ..... 3,894 209,302
Apache Corp. ................. 2,576 231,995
Arch Coal, Inc. .............. 1,672 56,413
ATP Oil & Gas Corp. (a)....... 175 8,230
Blue Dolphin Energy Co. (a)... 8,242 26,045
Cano Petroleum, Inc. (a)...... 3,129 23,217
Cheniere Energy, Inc. (a)..... 500 19,585
Chesapeake Energy Corp. ...... 3,546 125,032
Chevron Corp. ................ 16,432 1,537,707
ConocoPhillips................ 11,758 1,032,000
CONSOL Energy, Inc. .......... 2,239 104,337
Cross Timbers Royalty Trust... 1,308 52,241
Crosstex Energy LP............ 1,217 41,962
Denbury Resources, Inc. (a)... 2,697 120,529
Devon Energy Corp. ........... 4,008 333,466
Dune Energy, Inc. (a)......... 2,399 5,110
El Paso Corp. ................ 6,750 114,547
Encore Aquisition Co. (a)..... 313 9,906
Energy Transfer Partners LP... 455 22,227
Enterprise Products Partners
 LP.......................... 2,759 83,460
EOG Resources, Inc. .......... 2,132 154,208
Exxon Mobil Corp. ............ 44,058 4,078,008
Forest Oil Corp. (a).......... 416 17,905
Frontier Oil Corp. ........... 200 8,328
Gasco Energy, Inc. (a)........ 5,323 9,847
Hess Corp. ................... 1,875 124,744
Holly Corp. .................. 416 24,889
Houston Amern Energy Corp. ... 4,280 18,019
Hugoton Royalty Trust......... 196 4,633
Kinder Morgan Energy Partners
 LP.......................... 908 44,855
Marathon Oil Corp. ........... 6,197 353,353
Massey Energy Co. ............ 1,197 26,118
Murphy Oil Corp. ............. 1,649 115,249
Newfield Exploration Co. (a).. 889 42,814
Noble Energy, Inc. ........... 1,768 123,831
Occidental Petroleum Corp. ... 5,934 380,251
ONEOK Partners LP............. 386 22,952
Peabody Energy Corp. ......... 1,978 94,687
Pioneer Natural Resources
 Co. ........................ 1,562 70,259
Plains All American Pipeline
 LP.......................... 1,395 76,013
Plains Exploration &
 Production Co. (a).......... 1,424 62,969
Range Resources Corp. ........ 2,548 103,602
Southwestern Energy Co. (a)... 1,055 44,152
Spectra Energy Corp. ......... 3,902 95,521
St. Mary Land & Exploration
 Co. ........................ 1,807 64,456
Stone Energy Corp. (a)........ 14 560
Sunoco, Inc. ................. 1,488 105,321
Tesoro Corp. ................. 1,897 87,300
The Williams Cos., Inc. ...... 5,472 186,376
Transmeridian Exploration,
 Inc. (a).................... 4,697 9,770
Ultra Petroleum Corp. (a)..... 1,122 69,609
Valero Energy Corp. .......... 5,306 356,457
XTO Energy, Inc. ............. 3,300 204,072
 ------------
 11,350,392
 ------------
PAPER & FOREST PRODUCTS -- 0.3%
International Paper Co. ...... 4,215 151,192
MeadWestvaco Corp. ........... 2,751 81,237
Weyerhaeuser Co. ............. 1,915 138,455
 ------------
 370,884
 ------------
PERSONAL PRODUCTS -- 0.2%
Avon Products, Inc. .......... 3,892 146,067
The Estee Lauder Cos., Inc.
 (Class A)................... 1,568 66,577
 ------------
 212,644
 ------------
PHARMACEUTICALS -- 5.0%
Abbott Laboratories........... 11,691 626,871
Allergan, Inc. ............... 2,445 157,629
Barr Pharmaceuticals, Inc.
 (a)......................... 1,055 60,040
Bristol-Myers Squibb Co. ..... 14,907 429,620
Cortex Pharmaceuticals, Inc.
 (a)......................... 1,879 3,138
Eli Lilly & Co. .............. 7,420 422,421
Emisphere Technologies, Inc.
 (a)......................... 419 2,015
Endo Pharmaceuticals Holdings,
 Inc. (a).................... 206 6,388
Forest Laboratories, Inc.
 (a)......................... 3,303 123,169
Johnson & Johnson............. 21,737 1,428,121
King Pharmaceuticals, Inc.
 (a)......................... 1,588 18,611
Merck & Co., Inc. ............ 16,432 849,370
MGI Pharma, Inc. (a).......... 182 5,056
Middlebrook Pharmaceuticals,
 Inc. (a).................... 5,320 12,715
Mylan Laboratories, Inc. ..... 3,177 50,705
Penwest Pharmaceuticals Co.
 (a)......................... 242 2,664
Pfizer, Inc. ................. 56,571 1,382,029
Replidyne, Inc. (a)........... 1,251 8,081
Repros Therapeutics, Inc.
 (a)......................... 1,878 21,597
Schering-Plough Corp. ........ 11,760 371,969
Sciele Pharma, Inc. (a)....... 177 4,606
Sepracor, Inc. (a)............ 1,120 30,800
Spectrum Pharmaceuticals, Inc.
 (a)......................... 1,880 7,934
Watson Pharmaceuticals, Inc.
 (a)......................... 1,572 50,933
Wyeth......................... 10,371 462,028
 ------------
 6,538,510
 ------------
REAL ESTATE INVESTMENT TRUSTS -- 2.0%
Agree Realty Corp. ........... 2,059 64,529
AMB Property Corp. ........... 626 37,441
American Financial Realty
 Trust....................... 4,109 33,077
American Land Lease, Inc. .... 1,807 40,603
Annaly Capital Management,
 Inc. ....................... 939 14,958
Anthracite Capital, Inc. ..... 5,215 47,457
Apartment Investment &
 Management Co. (Class A).... 400 18,052
Archstone-Smith Trust......... 3,534 212,535
Ashford Hospitality Trust,
 Inc. ....................... 4,596 46,190
Avalonbay Communities, Inc. .. 509 60,093
BioMed Realty Trust, Inc. .... 827 19,931
Boston Properties, Inc. ...... 722 75,016
BRE Properties, Inc. (Class
 A).......................... 200 11,186
CBL & Associates Properties,
 Inc. ....................... 623 21,836
Corporate Office Properties
 Trust....................... 1,708 71,104
Developers Diversified Realty
 Corp. ...................... 958 53,523
Digital Realty Trust, Inc. ... 400 15,756
Equity Residential............ 2,591 109,755
Friedman, Billings, Ramsey
 Group, Inc. ................ 3,455 15,928
General Growth Properties,
 Inc. ....................... 2,729 146,329
Glimcher Realty Trust......... 2,471 58,068
GMH Communities Trust......... 3,474 26,924

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
HCP, Inc. .................... 1,044 $ 34,629
Home Properties, Inc. ........ 200 10,436
Hospitality Properties Trust.. 404 16,423
Host Hotels & Resorts, Inc. .. 5,735 128,693
Investors Real Estate Trust... 6,303 68,072
iStar Financial, Inc. ........ 414 14,072
Kimco Realty Corp. ........... 935 42,271
Kite Realty Group Trust....... 300 5,640
LaSalle Hotel Properties...... 1,927 81,088
Liberty Property Trust........ 164 6,594
National Retail Properties,
 Inc. ....................... 4,180 101,908
Nationwide Health Properties,
 Inc. ....................... 522 15,728
Pennsylvania Real Estate
 Investment Trust............ 1,647 64,134
Plum Creek Timber Co., Inc. .. 2,597 116,242
Post Properties, Inc. ........ 313 12,113
ProLogis...................... 2,339 155,193
Public Storage................ 512 40,269
Ramco-Gershenson Properties
 Trust....................... 2,346 73,289
Simon Property Group, Inc. ... 1,916 191,600
Tanger Factory Outlet Centers,
 Inc. ....................... 2,467 100,136
The Macerich Co. ............. 378 33,105
UDR, Inc. .................... 300 7,296
Urstadt Biddle Properties
 (Class A)................... 3,466 53,619
Ventas, Inc. ................. 200 8,280
Vornado Realty Trust.......... 512 55,987
Weingarten Realty Investors... 1,030 42,704
 ------------
 2,679,812
 ------------
REAL ESTATE MANAGEMENT & DEVELOPMENT -- 0.1%
CB Richard Ellis Group, Inc.
 (Class A) (a)............... 3,201 89,116
Jones Lang LaSalle, Inc. ..... 209 21,477
Move, Inc. (a)................ 939 2,591
The St. Joe Co. .............. 844 28,367
 ------------
 141,551
 ------------
ROAD & RAIL -- 0.9%
Avis Budget Group, Inc. (a)... 1,238 28,338
Burlington Northern Santa Fe
 Corp. ...................... 3,093 251,059
CSX Corp. .................... 4,315 184,380
J.B. Hunt Transport Services,
 Inc. ....................... 2,578 67,801
Kansas City Southern (a)...... 522 16,793
Laidlaw International, Inc. .. 2,116 74,526
Landstar Systems, Inc. ....... 1,884 79,072
Norfolk Southern Corp. ....... 3,709 192,534
Union Pacific Corp. .......... 2,054 232,225
YRC Worldwide, Inc. (a)....... 895 24,451
 ------------
 1,151,179
 ------------
SEMICONDUCTORS & SEMICONDUCTOR
 EQUIPMENT -- 2.9%
Advanced Micro Devices, Inc.
 (a)......................... 3,964 52,325
Altera Corp. ................. 2,733 65,811
Amkor Technology, Inc. (a).... 417 4,804
Anadigics, Inc. (a)........... 1,357 24,535
Analog Devices, Inc. ......... 3,147 113,796
Applied Materials, Inc. ...... 13,549 280,464
Atheros Communications, Inc.
 (a)......................... 159 4,765
AXT, Inc. (a)................. 4,488 27,781
Broadcom Corp. (Class A) (a).. 3,865 140,841
Conexant Systems, Inc. (a).... 1,670 2,004
Cypress Semiconductor Corp.
 (a)......................... 367 10,720
FEI Co. (a)................... 208 6,538
Ibis Technology Corp. (a)..... 2,712 3,363
Intel Corp. .................. 47,220 1,221,109
International Rectifier Corp.
 (a)......................... 965 31,835
Intersil Corp. (Class A)...... 2,541 84,946
KLA-Tencor Corp. ............. 1,821 101,575
Lam Research Corp. (a)........ 1,714 91,288
Linear Technology Corp. ...... 2,558 89,504
LSI Logic Corp. (a)........... 5,403 40,090
Marvell Technology Group, Ltd.
 (a)......................... 2,023 33,117
Maxim Integrated Products,
 Inc. ....................... 2,449 71,878
MEMC Electronic Materials,
 Inc. (a).................... 2,420 142,441
Microchip Technology, Inc. ... 2,115 76,817
Micron Technology, Inc. (a)... 6,574 72,971
Microsemi Corp. (a)........... 522 14,553
MKS Instruments, Inc. (a)..... 171 3,252
National Semiconductor
 Corp. ...................... 3,417 92,669
Neomagic Corp. (a)............ 3,027 12,320
Novellus Systems, Inc. (a).... 1,955 53,293
NVIDIA Corp. (a).............. 5,360 194,228
Rambus, Inc. (a).............. 1,031 19,702
Sigma Designs, Inc. (a)....... 313 15,099
Teradyne, Inc. (a)............ 3,092 42,670
Texas Instruments, Inc. ...... 12,712 465,132
Xilinx, Inc. ................. 2,541 66,422
 ------------
 3,774,658
 ------------
SOFTWARE -- 3.5%
Activision, Inc. (a).......... 3,437 74,205
Adobe Systems, Inc. (a)....... 5,717 249,604
Authentidate Holding Corp.
 (a)......................... 4,382 5,083
Autodesk, Inc. (a)............ 2,232 111,533
BEA Systems, Inc. (a)......... 5,915 82,041
BMC Software, Inc. (a)........ 2,892 90,317
CA, Inc. ..................... 3,875 99,665
Cadence Design Systems, Inc.
 (a)......................... 3,975 88,205
Citrix Systems, Inc. (a)...... 2,489 100,357
Compuware Corp. (a)........... 4,798 38,480
Electronic Arts, Inc. (a)..... 2,491 139,471
Intuit, Inc. (a).............. 3,746 113,504
Jack Henry & Associates,
 Inc. ....................... 626 16,188
McAfee, Inc. (a).............. 1,914 66,741
Microsoft Corp. .............. 69,084 2,035,215
Napster, Inc. (a)............. 311 1,017
NAVTEQ Corp. (a).............. 1,229 95,825
Novell, Inc. (a).............. 5,871 44,854
Oracle Corp. (a).............. 34,095 738,157
Parametric Technology Corp.
 (a)......................... 2,683 46,738
Red Hat, Inc. (a)............. 2,886 57,345
Salesforce.com, Inc. (a)...... 200 10,264
Smith Micro Software, Inc.
 (a)......................... 1,148 18,437
Symantec Corp. (a)............ 10,620 205,816
Synopsys, Inc. (a)............ 2,840 76,907
Versant Corp. (a)............. 1,461 28,066
 ------------
 4,634,035
 ------------
SPECIALTY RETAIL -- 1.8%
Abercrombie & Fitch Co. ...... 913 73,679
Advance Auto Parts, Inc. ..... 1,296 43,494
American Eagle Outfitters,
 Inc. ....................... 2,279 59,961
AutoNation, Inc. (a).......... 2,734 48,447
AutoZone, Inc. (a)............ 642 74,562
Bed Bath & Beyond, Inc. (a)... 2,699 92,090
Best Buy Co., Inc. ........... 3,398 156,376

SPDR DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- ------------
Borders Group, Inc. .......... 522 $ 6,958
Chico's FAS, Inc. (a)......... 1,785 25,079
Circuit City Stores, Inc. .... 2,655 21,001
Dick's Sporting Goods, Inc.
 (a)......................... 200 13,430
Foot Locker, Inc. ............ 1,862 28,544
Genesco, Inc. (a)............. 201 9,272
Guitar Center, Inc. (a)....... 209 12,394
Limited Brands, Inc. ......... 3,163 72,401
Lowe's Cos., Inc. ............ 10,859 304,269
Mens Wearhouse, Inc. ......... 416 21,016
O'Reilly Automotive, Inc.
 (a)......................... 1,803 60,238
Office Depot, Inc. (a)........ 3,203 66,046
PetSmart, Inc. ............... 1,883 60,068
RadioShack Corp. ............. 1,841 38,035
Rent-A-Center, Inc. (a)....... 626 11,349
Ross Stores, Inc. ............ 1,812 46,460
Staples, Inc. ................ 6,646 142,823
The Gap, Inc. ................ 5,157 95,095
The Home Depot, Inc. ......... 16,585 538,017
The Sherwin-Williams Co. ..... 416 27,335
The TJX Cos., Inc. ........... 3,607 104,856
Tiffany & Co. ................ 1,711 89,571
Urban Outfitters, Inc. (a).... 1,611 35,120
Williams-Sonoma, Inc. ........ 1,253 40,873
Zale Corp. (a)................ 416 9,626
 ------------
 2,428,485
 ------------
TEXTILES, APPAREL & LUXURY GOODS -- 0.5%
Coach, Inc. (a)............... 3,513 166,059
CROCS, Inc. (a)............... 511 34,365
Hanesbrands, Inc. (a)......... 868 24,356
Iconix Brand Group, Inc. (a).. 172 4,092
Jones Apparel Group, Inc. .... 1,921 40,591
Liz Claiborne, Inc. .......... 1,611 55,306
NIKE, Inc. (Class B).......... 2,988 175,276
Quiksilver, Inc. (a).......... 2,781 39,768
V. F. Corp. .................. 313 25,275
Wolverine World Wide, Inc. ... 2,196 60,170
 ------------
 625,258
 ------------
THRIFTS & MORTGAGE FINANCE -- 1.2%
Astoria Financial Corp. ...... 731 19,393
Berkshire Hills Bancorp,
 Inc. ....................... 1,397 42,231
Countrywide Financial Corp. .. 4,550 86,495
Fannie Mae.................... 7,410 450,602
Freddie Mac................... 5,213 307,619
Hudson City Bancorp, Inc. .... 1,774 27,284
KNBT Bancorp, Inc. ........... 1,942 32,121
MGIC Investment Corp. ........ 1,116 36,058
NewAlliance Bancshares,
 Inc. ....................... 4,806 70,552
OceanFirst Financial Corp. ... 2,627 45,789
People's United Financial,
 Inc. ....................... 4,068 70,295
Radian Group, Inc. ........... 1,314 30,590
Sovereign Bancorp, Inc. ...... 3,588 61,140
TrustCo Bank Corp. NY......... 5,287 57,787
Washington Mutual, Inc. ...... 7,109 251,019
 ------------
 1,588,975
 ------------
TOBACCO -- 1.0%
Altria Group, Inc. ........... 16,416 1,141,404
Loews Corp.-Carolina Group.... 313 25,738
Reynolds American, Inc. ...... 1,683 107,022
UST, Inc. .................... 1,721 85,362
 ------------
 1,359,526
 ------------
TRADING COMPANIES & DISTRIBUTORS -- 0.1%
Fastenal Co. ................. 1,966 89,276
Kaman Corp. (Class A)......... 2,460 85,018
W.W. Grainger, Inc. .......... 313 28,542
 ------------
 202,836
 ------------
TRANSPORTATION INFRASTRUCTURE -- 0.0% (c)
Macquarie Infrastructure Co.
 LLC......................... 233 8,991
 ------------
WATER UTILITIES -- 0.1%
Aqua America, Inc. ........... 939 21,296
Middlesex Water Co. .......... 3,233 61,104
 ------------
 82,400
 ------------
WIRELESS TELECOMMUNICATION SERVICES -- 0.9%
ALLTEL Corp. ................. 2,738 190,784
American Tower Corp. (Class A)
 (a)......................... 3,288 143,160
Crown Castle International
 Corp. (a)................... 2,846 115,633
Dobson Communications Corp.
 (Class A) (a)............... 575 7,354
FiberTower Corp. (a).......... 2,398 9,208
Goamerica, Inc. (a)........... 1,772 9,126
Leap Wireless International,
 Inc. (a).................... 313 25,469
NII Holdings, Inc. (a)........ 1,476 121,253
SBA Communications Corp. (a).. 1,183 41,736
Sprint Nextel Corp. .......... 20,600 391,400
Telephone & Data Systems,
 Inc. ....................... 1,337 89,245
 ------------
 1,144,368
 ------------
TOTAL COMMON STOCKS --
 (Cost $103,833,828)......... 130,818,004
 ------------
SHORT TERM INVESTMENTS -- 0.7%
MONEY MARKET FUND -- 0.7%
STIC Prime Portfolio
 (Cost $978,472)............. 978,472 978,472
 ------------
TOTAL INVESTMENTS -- 100.2%
 (Cost $104,812,300)......... 131,796,476
OTHER ASSETS AND
 LIABILITIES -- (0.2)%....... (282,007)
 ------------
NET ASSETS -- 100.0%.......... $131,514,469
 ============

(a) Non-income producing security
(b) Affiliated issuer. See table below for more information.
(c) Amount shown represents less than 0.05% of net assts.

 SHARES
 PURCHASED FOR SHARES SOLD
 NUMBER THE THREE FOR THE NUMBER
 OF SHARES MONTHS THREE MONTHS OF SHARES
 HELD AT ENDED ENDED HELD AT
SECURITY DESCRIPTION 6/30/07 9/30/07 9/30/07 9/30/07
-------------------- --------- ------------- ------------ ---------
State Street Corp. .. 2,474 595 124 2,945
(Cost $134,190)

 INCOME REALIZED GAIN
 EARNED ON SHARES
 FOR THE SOLD DURING
 THREE THE THREE
 MONTHS MONTHS
 ENDED ENDED MARKET VALUE
SECURITY DESCRIPTION 9/30/07 9/30/07 AT 9/30/07
-------------------- ------- ------------- ------------
State Street Corp. .. $544 $1,427 $200,731

SPDR(R) DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
COMMON STOCKS -- 99.7%
AEROSPACE & DEFENSE -- 2.5%
Alliant Techsystems, Inc. (a).. 26 $ 2,842
Boeing Co. .................... 504 52,915
General Dynamics Corp. ........ 233 19,681
Goodrich Corp. ................ 80 5,458
Honeywell International,
 Inc. ........................ 479 28,486
L-3 Communications Holdings,
 Inc. ........................ 84 8,580
Lockheed Martin Corp. ......... 238 25,821
Northrop Grumman Corp. ........ 224 17,472
Precision Castparts Corp. ..... 101 14,946
Raytheon Co. .................. 310 19,784
Rockwell Collins, Inc. ........ 121 8,838
Spirit Aerosystems Holdings,
 Inc. (a)..................... 70 2,726
United Technologies Corp. ..... 647 52,071
 -----------
 259,620
 -----------
AIR FREIGHT & LOGISTICS -- 0.7%
C.H. Robinson Worldwide,
 Inc. ........................ 114 6,189
Expeditors International
 Washington, Inc. ............ 148 7,000
FedEx Corp. ................... 200 20,950
United Parcel Service, Inc.
 (Class B).................... 478 35,898
 -----------
 70,037
 -----------
AIRLINES -- 0.2%
AMR Corp. (a).................. 156 3,477
Delta Air Lines, Inc. (a)...... 150 2,693
Northwest Airlines Corp. (a)... 196 3,489
Southwest Airlines Co. ........ 554 8,199
UAL Corp. (a).................. 59 2,745
 -----------
 20,603
 -----------
AUTO COMPONENTS -- 0.3%
BorgWarner, Inc. .............. 39 3,569
Johnson Controls, Inc. ........ 143 16,890
The Goodyear Tire & Rubber Co.
 (a).......................... 132 4,014
WABCO Holdings, Inc. .......... 41 1,917
 -----------
 26,390
 -----------
AUTOMOBILES -- 0.3%
Ford Motor Co. (a)............. 1,472 12,497
General Motors Corp. .......... 343 12,588
Harley-Davidson, Inc. ......... 184 8,503
 -----------
 33,588
 -----------
BEVERAGES -- 2.1%
Anheuser-Busch Cos., Inc. ..... 524 26,195
Brown-Forman Corp. ............ 42 3,146
Coca-Cola Enterprises, Inc. ... 177 4,287
Constellation Brands, Inc.
 (Class A) (a)................ 133 3,220
Hansen Natural Corp. (a)....... 45 2,551
Molson Coors Brewing Co. ...... 48 4,784
PepsiCo, Inc. ................. 1,139 83,443
The Coca-Cola Co. ............. 1,515 87,067
The Pepsi Bottling Group,
 Inc. ........................ 86 3,197
 -----------
 217,890
 -----------
BIOTECHNOLOGY -- 1.5%
Amgen, Inc. (a)................ 763 43,163
Amylin Pharmaceuticals, Inc.
 (a).......................... 76 3,800
Biogen Idec, Inc. (a).......... 202 13,398
Celgene Corp. (a).............. 277 19,753
Cephalon, Inc. (a)............. 53 3,872
Genentech, Inc. (a)............ 324 25,278
Genzyme Corp. (a).............. 179 11,091
Gilead Sciences, Inc. (a)...... 656 26,811
Millennium Pharmaceuticals,
 Inc. (a)..................... 212 2,152
Vertex Pharmaceuticals, Inc.
 (a).......................... 107 4,110
 -----------
 153,428
 -----------
BUILDING PRODUCTS -- 0.1%
American Standard Cos., Inc. .. 123 4,382
Masco Corp. ................... 272 6,302
USG Corp. (a).................. 53 1,990
 -----------
 12,674
 -----------
CAPITAL MARKETS -- 3.1%
A.G. Edwards, Inc. ............ 54 4,523
AllianceBernstein Holding LP... 19 1,673
Ameriprise Financial, Inc. .... 168 10,602
BlackRock, Inc. ............... 14 2,428
E*TRADE Financial Corp. (a).... 292 3,814
Eaton Vance Corp. ............. 95 3,796
Federated Investors, Inc. ..... 67 2,660
Fortress Investment Group LLC
 (Class A).................... 28 597
Franklin Resources, Inc. ...... 122 15,555
Janus Capital Group, Inc. ..... 151 4,270
Legg Mason, Inc. .............. 88 7,418
Lehman Brothers Holdings,
 Inc. ........................ 374 23,087
Merrill Lynch & Co., Inc. ..... 583 41,556
Morgan Stanley................. 681 42,903
Northern Trust Corp. .......... 134 8,880
Nuveen Investments, Inc. ...... 54 3,345
SEI Investments Co. ........... 98 2,673
State Street Corp. (b)......... 276 18,812
T. Rowe Price Group, Inc. ..... 180 10,024
TD Ameritrade Holding Corp.
 (a).......................... 153 2,788
The Bank of New York Mellon
 Corp. ....................... 794 35,047
The Bear Stearns Cos., Inc. ... 74 9,088
The Blackstone Group LP (a).... 94 2,358
The Charles Schwab Corp. ...... 725 15,660
The Goldman Sachs Group,
 Inc. ........................ 262 56,786
 -----------
 330,343
 -----------
CHEMICALS -- 1.7%
Air Products & Chemicals,
 Inc. ........................ 142 13,882
Ashland, Inc. ................. 40 2,408
Celanese Corp. ................ 97 3,781
E. I. du Pont de Nemours &
 Co. ......................... 660 32,710
Eastman Chemical Co. .......... 52 3,470
Ecolab, Inc. .................. 127 5,994
Huntsman Corp. ................ 63 1,669
International Flavors &
 Fragrances, Inc. ............ 59 3,119
Lubrizol Corp. ................ 45 2,928
Lyondell Chemical Co. ......... 156 7,231
Monsanto Co. .................. 375 32,152
PPG Industries, Inc. .......... 117 8,839
Praxair, Inc. ................. 224 18,762
Rohm & Haas Co. ............... 118 6,569
Sigma-Aldrich Corp. ........... 88 4,289
The Dow Chemical Co. .......... 694 29,884
The Mosaic Co. (a)............. 92 4,924
 -----------
 182,611
 -----------
COMMERCIAL BANKS -- 3.3%
Associated Bancorp............. 79 2,341
BB&T Corp. .................... 374 15,106

SPDR DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
City National Corp. ........... 31 $ 2,155
Comerica, Inc. ................ 111 5,692
Commerce Bancorp, Inc. ........ 125 4,848
Commerce Bancshares, Inc. ..... 56 2,570
Fifth Third Bancorp............ 321 10,875
First Horizon National Corp. .. 82 2,186
Huntington Bancshares, Inc. ... 242 4,109
Keycorp........................ 282 9,117
M&T Bank Corp. ................ 57 5,897
Marshall & Ilsley Corp. ....... 172 7,528
National City Corp. ........... 425 10,663
PNC Financial Services Group,
 Inc. ........................ 239 16,276
Popular, Inc. ................. 167 2,051
Regions Financial Corp. ....... 514 15,153
SunTrust Banks, Inc. .......... 248 18,766
Synovus Financial Corp. ....... 176 4,937
TCF Financial Corp. ........... 89 2,330
The Colonial BancGroup, Inc. .. 103 2,227
U.S. Bancorp................... 1,240 40,337
UnionBanCal Corp. ............. 39 2,278
Valley National Bancorp........ 86 1,907
Wachovia Corp. ................ 1,405 70,461
Wells Fargo & Co. ............. 2,250 80,145
Zions Bancorp.................. 72 4,944
 -----------
 344,899
 -----------
COMMERCIAL SERVICES & SUPPLIES -- 0.6%
Allied Waste Industries, Inc.
 (a).......................... 199 2,537
Avery Dennison Corp. .......... 64 3,649
ChoicePoint, Inc. (a).......... 58 2,199
Cintas Corp. .................. 101 3,747
Dun & Bradstreet Corp. ........ 43 4,240
Equifax, Inc. ................. 107 4,079
Manpower, Inc. ................ 65 4,183
Monster Worldwide, Inc. (a).... 77 2,623
Pitney Bowes, Inc. ............ 156 7,086
R.R. Donnelley & Sons Co. ..... 150 5,484
Republic Services, Inc. ....... 124 4,056
Robert Half International,
 Inc. ........................ 121 3,613
Stericycle, Inc. (a)........... 57 3,258
Waste Management, Inc. ........ 378 14,266
 -----------
 65,020
 -----------
COMMUNICATIONS EQUIPMENT -- 2.6%
Avaya, Inc. (a)................ 300 5,088
Cisco Systems, Inc. (a)........ 4,295 142,207
Corning, Inc. ................. 1,087 26,795
Harris Corp. .................. 93 5,374
JDS Uniphase Corp. (a)......... 132 1,975
Juniper Networks, Inc. (a)..... 355 12,997
Motorola, Inc. ................ 1,687 31,260
QUALCOMM, Inc. ................ 1,180 49,867
Tellabs, Inc. (a).............. 297 2,827
 -----------
 278,390
 -----------
COMPUTERS & PERIPHERALS -- 4.0%
Apple, Inc. (a)................ 613 94,120
Dell, Inc. (a)................. 1,424 39,303
Diebold, Inc. ................. 46 2,089
EMC Corp. (a).................. 1,536 31,949
Hewlett-Packard Co. ........... 1,847 91,962
International Business Machines
 Corp. ....................... 964 113,559
Lexmark International, Inc.
 (a).......................... 73 3,032
NCR Corp. (a).................. 128 6,374
Network Appliance, Inc. (a).... 251 6,755
SanDisk Corp. (a).............. 152 8,375
Seagate Technology............. 383 9,797
Sun Microsystems, Inc. (a)..... 2,520 14,137
Western Digital Corp. (a)...... 151 3,823
 -----------
 425,275
 -----------
CONSTRUCTION & ENGINEERING -- 0.2%
Fluor Corp. ................... 60 8,639
Foster Wheeler, Ltd. (a)....... 47 6,170
Jacobs Engineering Group, Inc.
 (a).......................... 80 6,046
KBR, Inc. (a).................. 114 4,420
 -----------
 25,275
 -----------
CONSTRUCTION MATERIALS -- 0.1%
Florida Rock Industries,
 Inc. ........................ 39 2,437
Martin Marietta Materials,
 Inc. ........................ 31 4,140
Vulcan Materials Co. .......... 62 5,528
 -----------
 12,105
 -----------
CONSUMER FINANCE -- 0.8%
American Express Co. .......... 742 44,052
Capital One Financial Corp. ... 292 19,398
Discover Financial Services
 (a).......................... 340 7,072
SLM Corp. ..................... 287 14,255
The First Marblehead Corp. .... 43 1,631
The Student Loan Corp. ........ 3 541
 -----------
 86,949
 -----------
CONTAINERS & PACKAGING -- 0.2%
Ball Corp. .................... 75 4,031
Bemis Co., Inc. ............... 76 2,212
Crown Holdings, Inc. (a)....... 113 2,572
Owens-Illinois, Inc. (a)....... 94 3,896
Pactiv Corp. (a)............... 93 2,665
Sealed Air Corp. .............. 114 2,914
Sonoco Products Co. ........... 69 2,083
Temple-Inland, Inc. ........... 74 3,895
 -----------
 24,268
 -----------
DISTRIBUTORS -- 0.1%
Genuine Parts Co. ............. 117 5,850
 -----------
DIVERSIFIED CONSUMER SERVICES -- 0.2%
Apollo Group, Inc. (a)......... 108 6,496
H&R Block, Inc. ............... 213 4,511
ITT Educational Services, Inc.
 (a).......................... 26 3,164
Weight Watchers International,
 Inc. ........................ 30 1,727
 -----------
 15,898
 -----------
DIVERSIFIED FINANCIAL SERVICES -- 4.7%
Bank of America Corp. ......... 3,197 160,713
CIT Group, Inc. ............... 137 5,507
Citigroup, Inc. ............... 3,525 164,512
CME Group, Inc. ............... 38 22,319
IntercontinentalExchange, Inc.
 (a).......................... 49 7,443
JPMorgan Chase & Co. .......... 2,388 109,418
Leucadia National Corp. ....... 112 5,401
Moody's Corp. ................. 168 8,467
Nymex Holdings, Inc. .......... 25 3,255
NYSE Euronext.................. 133 10,530
 -----------
 497,565
 -----------

SPDR DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
DIVERSIFIED TELECOMMUNICATION SERVICES -- 2.9%
AT&T, Inc. .................... 4,309 $ 182,314
CenturyTel, Inc. .............. 83 3,836
Citizens Communications Co. ... 224 3,208
Embarq Corp. .................. 99 5,504
Level 3 Communications, Inc.
 (a).......................... 900 4,185
Qwest Communications
 International, Inc. (a)...... 1,072 9,820
Verizon Communications, Inc. .. 2,066 91,482
Windstream Corp. .............. 326 4,603
 -----------
 304,952
 -----------
ELECTRIC UTILITIES -- 1.8%
Allegheny Energy, Inc. (a)..... 125 6,532
American Electric Power Co.,
 Inc. ........................ 272 12,534
DPL, Inc. ..................... 79 2,075
Duke Energy Corp. ............. 875 16,354
Edison International........... 206 11,423
Entergy Corp. ................. 148 16,027
Exelon Corp. .................. 481 36,248
FirstEnergy Corp. ............. 226 14,315
FPL Group, Inc. ............... 258 15,707
Northeast Utilities............ 107 3,057
Pepco Holdings, Inc. .......... 127 3,439
Pinnacle West Capital Corp. ... 64 2,529
PPL Corp. ..................... 283 13,103
Progress Energy, Inc. ......... 193 9,042
Reliant Energy, Inc. (a)....... 237 6,067
The Southern Co. .............. 530 19,228
 -----------
 187,680
 -----------
ELECTRICAL EQUIPMENT -- 0.6%
AMETEK, Inc. .................. 71 3,069
Cooper Industries, Ltd. ....... 151 7,715
Emerson Electric Co. .......... 568 30,229
First Solar, Inc. (a).......... 21 2,472
Hubbell, Inc. (Class B)........ 39 2,228
Rockwell Automation, Inc. ..... 105 7,298
Roper Industries, Inc. ........ 60 3,930
Sunpower Corp. (Class A) (a)... 22 1,822
 -----------
 58,763
 -----------
ELECTRONIC EQUIPMENT & INSTRUMENTS -- 0.5%
Agilent Technologies, Inc.
 (a).......................... 286 10,548
Amphenol Corp. (Class A)....... 124 4,930
Arrow Electronics, Inc. (a).... 79 3,359
Avnet, Inc. (a)................ 102 4,066
CDW Corp. (a).................. 47 4,098
Ingram Micro, Inc. (Class A)
 (a).......................... 99 1,941
Jabil Circuit, Inc. ........... 125 2,855
Molex, Inc. ................... 91 2,451
Solectron Corp. (a)............ 697 2,718
Trimble Navigation, Ltd. (a)... 77 3,019
Tyco Electronics, Ltd. ........ 346 12,259
 -----------
 52,244
 -----------
ENERGY EQUIPMENT & SERVICES -- 2.6%
Baker Hughes, Inc. ............ 224 20,243
BJ Services Co. ............... 213 5,655
Cameron International Corp.
 (a).......................... 78 7,199
Diamond Offshore Drilling,
 Inc. ........................ 42 4,758
ENSCO International, Inc. ..... 106 5,947
FMC Technologies, Inc. (a)..... 96 5,535
GlobalSantaFe Corp. ........... 168 12,771
Grant Prideco, Inc. (a)........ 91 4,961
Halliburton Co. ............... 645 24,768
Nabors Industries, Ltd. (a).... 209 6,431
National-Oilwell Varco, Inc.
 (a).......................... 125 18,063
Noble Corp. ................... 192 9,418
Patterson-UTI Energy, Inc. .... 109 2,460
Pride International, Inc. (a).. 107 3,911
Rowan Cos., Inc. .............. 74 2,707
Schlumberger, Ltd. ............ 839 88,095
Smith International, Inc. ..... 146 10,424
Transocean, Inc. (a)........... 204 23,062
Weatherford International, Ltd.
 (a).......................... 243 16,325
 -----------
 272,733
 -----------
FOOD & STAPLES RETAILING -- 2.1%
Costco Wholesale Corp. ........ 321 19,700
CVS Caremark Corp. ............ 1,040 41,215
Safeway, Inc. ................. 305 10,099
SUPERVALU, Inc. ............... 148 5,773
Sysco Corp. ................... 434 15,446
The Kroger Co. ................ 468 13,347
Wal-Mart Stores, Inc. ......... 1,807 78,876
Walgreen Co. .................. 728 34,391
Whole Foods Market, Inc. ...... 98 4,798
 -----------
 223,645
 -----------
FOOD PRODUCTS -- 1.4%
Archer-Daniels-Midland Co. .... 409 13,530
Bunge, Ltd. ................... 80 8,596
Campbell Soup Co. ............. 169 6,253
ConAgra Foods, Inc. ........... 371 9,694
Dean Foods Co. ................ 86 2,200
General Mills, Inc. ........... 246 14,270
H.J. Heinz Co. ................ 220 10,164
Hormel Foods Corp. ............ 51 1,825
Kellogg Co. ................... 171 9,576
Kraft Foods, Inc. ............. 1,132 39,065
McCormick & Co., Inc. ......... 92 3,309
Sara Lee Corp. ................ 538 8,979
Smithfield Foods, Inc. (a)..... 77 2,426
The Hershey Co. ............... 120 5,569
Tyson Foods, Inc. (Class A).... 193 3,445
Wm. Wrigley Jr., Co. .......... 159 10,213
 -----------
 149,114
 -----------
GAS UTILITIES -- 0.1%
Equitable Resources, Inc. ..... 79 4,098
ONEOK, Inc. ................... 73 3,460
Questar Corp. ................. 114 5,988
 -----------
 13,546
 -----------
HEALTH CARE EQUIPMENT & SUPPLIES -- 1.8%
Bausch & Lomb, Inc. ........... 35 2,240
Baxter International, Inc. .... 456 25,664
Beckman Coulter, Inc. ......... 42 3,098
Becton, Dickinson & Co. ....... 162 13,292
Boston Scientific Corp. (a).... 941 13,127
C.R. Bard, Inc. ............... 72 6,350
Covidien Ltd (a)............... 346 14,359
Cytyc Corp. (a)................ 78 3,717
Dentsply International, Inc. .. 97 4,039
Hillenbrand Industries, Inc. .. 35 1,926
Hospira, Inc. (a).............. 104 4,311

SPDR DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
Intuitive Surgical, Inc. (a)... 26 $ 5,980
Kinetic Concepts, Inc. (a)..... 32 1,801
Medtronic, Inc. ............... 801 45,184
St. Jude Medical, Inc. (a)..... 252 11,105
Stryker Corp. ................. 222 15,265
Varian Medical Systems, Inc.
 (a).......................... 96 4,021
Zimmer Holdings, Inc. (a)...... 167 13,525
 -----------
 189,004
 -----------
HEALTH CARE PROVIDERS & SERVICES -- 2.2%
Aetna, Inc. ................... 364 19,754
AmerisourceBergen Corp. ....... 133 6,029
Brookdale Senior Living,
 Inc. ........................ 36 1,433
Cardinal Health, Inc. ......... 253 15,820
CIGNA Corp. ................... 216 11,511
Community Health Systems, Inc.
 (a).......................... 62 1,949
Coventry Health Care, Inc.
 (a).......................... 108 6,719
DaVita, Inc. (a)............... 70 4,423
Express Scripts, Inc. (Class A)
 (a).......................... 170 9,490
Health Net, Inc. (a)........... 74 4,000
Henry Schein, Inc. (a)......... 59 3,590
Humana, Inc. (a)............... 111 7,757
Laboratory Corp. of America
 Holdings (a)................. 91 7,119
Lincare Holdings, Inc. (a)..... 68 2,492
Manor Care, Inc. .............. 45 2,898
McKesson Corp. ................ 211 12,405
Medco Health Solutions, Inc.
 (a).......................... 188 16,993
Omnicare, Inc. ................ 84 2,783
Patterson Cos., Inc. (a)....... 84 3,243
Quest Diagnostics, Inc. ....... 107 6,181
UnitedHealth Group, Inc. ...... 931 45,088
Universal Health Services, Inc.
 (Class B).................... 41 2,231
WellPoint, Inc. (a)............ 421 33,225
 -----------
 227,133
 -----------
HEALTH CARE TECHNOLOGY -- 0.1%
Cerner Corp. (a)............... 43 2,572
IMS Health, Inc. .............. 153 4,688
 -----------
 7,260
 -----------
HOTELS, RESTAURANTS & LEISURE -- 1.8%
Boyd Gaming Corp. ............. 35 1,500
Brinker International, Inc. ... 88 2,415
Carnival Corp. ................ 290 14,045
Darden Restaurants, Inc. ...... 85 3,558
Harrah's Entertainment, Inc. .. 129 11,214
Hilton Hotels Corp. ........... 270 12,552
Icahn Enterprises LP........... 4 466
International Game Technology.. 238 10,258
Las Vegas Sands Corp. (a)...... 72 9,606
Marriott International, Inc.
 (Class A).................... 241 10,476
McDonald's Corp. .............. 842 45,864
MGM Mirage, Inc. (a)........... 84 7,513
Penn National Gaming, Inc.
 (a).......................... 45 2,656
Royal Caribbean Cruises,
 Ltd. ........................ 88 3,435
Starbucks Corp. (a)............ 529 13,860
Starwood Hotels & Resorts
 Worldwide, Inc. ............. 147 8,930
Station Casinos, Inc. ......... 29 2,537
Wendy's International, Inc. ... 61 2,130
Wyndham Worldwide Corp. ....... 136 4,455
Wynn Resorts, Ltd. ............ 50 7,878
Yum! Brands, Inc. ............. 370 12,517
 -----------
 187,865
 -----------
HOUSEHOLD DURABLES -- 0.6%
Black & Decker Corp. .......... 47 3,915
Centex Corp. .................. 78 2,073
D.R. Horton, Inc. ............. 188 2,408
Fortune Brands, Inc. .......... 103 8,394
Garmin, Ltd. .................. 90 10,746
Harman International
 Industries, Inc. ............ 46 3,980
KB HOME........................ 53 1,328
Leggett & Platt, Inc. ......... 130 2,491
Lennar Corp. (Class A)......... 94 2,129
Mohawk Industries, Inc. (a).... 38 3,089
Newell Rubbermaid, Inc. ....... 187 5,389
NVR, Inc. (a).................. 4 1,881
Pulte Homes, Inc. ............. 144 1,960
The Stanley Works.............. 59 3,312
Toll Brothers, Inc. (a)........ 81 1,619
Whirlpool Corp. ............... 54 4,811
 -----------
 59,525
 -----------
HOUSEHOLD PRODUCTS -- 2.0%
Colgate-Palmolive Co. ......... 365 26,032
Energizer Holdings, Inc. (a)... 36 3,991
Kimberly-Clark Corp. .......... 297 20,867
Procter & Gamble Co. .......... 2,204 155,029
The Clorox Co. ................ 107 6,526
 -----------
 212,445
 -----------
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS -- 0.6%
Constellation Energy Group,
 Inc. ........................ 128 10,981
Dynegy, Inc. (Class A) (a)..... 280 2,587
Mirant Corp. (a)............... 177 7,200
NRG Energy, Inc. (a)........... 172 7,274
The AES Corp. (a).............. 471 9,439
TXU Corp. ..................... 334 22,869
 -----------
 60,350
 -----------
INDUSTRIAL CONGLOMERATES -- 3.6%
3M Co. ........................ 471 44,076
General Electric Co. .......... 7,298 302,137
McDermott International, Inc.
 (a).......................... 148 8,004
Textron, Inc. ................. 177 11,011
Tyco International, Ltd. ...... 346 15,342
 -----------
 380,570
 -----------
INSURANCE -- 5.4%
ACE, Ltd. ..................... 225 13,628
AFLAC, Inc. ................... 363 20,706
AMBAC Financial Group, Inc. ... 76 4,781
American International Group,
 Inc. ........................ 1,608 108,781
AON Corp. ..................... 195 8,738
Arch Capital Group, Ltd. (a)... 29 2,158
Arthur J. Gallagher & Co. ..... 60 1,738
Assurant, Inc. ................ 80 4,280
Axis Capital Holdings, Ltd. ... 98 3,813
Berkshire Hathaway, Inc. (Class
 A) (a)....................... 1 118,510
Brown & Brown, Inc. ........... 77 2,025
Chubb Corp. ................... 288 15,448
Cincinnati Financial Corp. .... 101 4,374
CNA Financial Corp. ........... 15 590

SPDR DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
Everest Re Group, Ltd. ........ 45 $ 4,961
Fidelity National Financial,
 Inc. ........................ 146 2,552
First American Corp. .......... 58 2,124
Genworth Financial, Inc. (Class
 A)........................... 312 9,588
Hartford Financial Services
 Group, Inc. ................. 221 20,454
Lincoln National Corp. ........ 194 12,798
Loews Corp. ................... 326 15,762
Markel Corp. (a)............... 6 2,904
Marsh & McLennan Cos., Inc. ... 380 9,690
MBIA, Inc. .................... 93 5,678
MetLife, Inc. ................. 321 22,383
Nationwide Financial Services,
 Inc. (Class A)............... 39 2,099
Old Republic International
 Corp. ....................... 146 2,736
PartnerRe, Ltd. ............... 36 2,844
Principal Financial Group,
 Inc. ........................ 190 11,987
Protective Life Corp. ......... 45 1,910
Prudential Financial, Inc. .... 334 32,592
RenaissanceRe Holdings, Ltd. .. 42 2,747
SAFECO Corp. .................. 74 4,530
The Allstate Corp. ............ 408 23,334
The Progressive Corp. ......... 489 9,491
The Travelers Cos., Inc. ...... 480 24,163
Torchmark Corp. ............... 73 4,549
Transatlantic Holdings, Inc. .. 18 1,266
Unitrin, Inc. ................. 30 1,488
Unum Group..................... 236 5,775
White Mountains Insurance
 Group, Ltd. ................. 6 3,119
WR Berkley Corp. .............. 131 3,882
XL Capital, Ltd. (Class A)..... 122 9,662
 -----------
 566,638
 -----------
INTERNET & CATALOG RETAIL -- 0.4%
Amazon.com, Inc. (a)........... 205 19,096
Expedia, Inc. (a).............. 181 5,770
IAC/InterActiveCorp (a)........ 144 4,273
Liberty Media Holding
 Corp. -- Interactive (Class
 A) (a)....................... 459 8,817
 -----------
 37,956
 -----------
INTERNET SOFTWARE & SERVICES -- 1.5%
Akamai Technologies, Inc. (a).. 106 3,045
eBay, Inc. (a)................. 821 32,035
Google, Inc. (Class A) (a)..... 161 91,330
VeriSign, Inc. (a)............. 175 5,905
Yahoo!, Inc. (a)............... 890 23,888
 -----------
 156,203
 -----------
IT SERVICES -- 1.1%
Accenture, Ltd. (Class A)...... 412 16,583
Affiliated Computer Services,
 Inc. (a)..................... 66 3,316
Alliance Data Systems Corp.
 (a).......................... 47 3,640
Automatic Data Processing,
 Inc. ........................ 385 17,683
Ceridian Corp. (a)............. 99 3,439
Checkfree Corp. (a)............ 52 2,420
Cognizant Technology Solutions
 Corp. (a).................... 96 7,658
Computer Sciences Corp. (a).... 126 7,043
DST Systems, Inc. (a).......... 39 3,347
Electronic Data Systems
 Corp. ....................... 362 7,906
Fidelity National Information
 Services, Inc. .............. 136 6,034
Fiserv, Inc. (a)............... 133 6,764
Global Payments, Inc. ......... 63 2,786
Iron Mountain, Inc. (a)........ 126 3,841
Mastercard, Inc. .............. 43 6,363
Paychex, Inc. ................. 233 9,553
The Western Union Co. ......... 525 11,009
Total System Services, Inc. ... 27 750
 -----------
 120,135
 -----------
LEISURE EQUIPMENT & PRODUCTS -- 0.1%
Eastman Kodak Co. ............. 197 5,272
Hasbro, Inc. .................. 104 2,899
Mattel, Inc. .................. 283 6,639
 -----------
 14,810
 -----------
LIFE SCIENCES TOOLS & SERVICES -- 0.4%
Applera Corp. -- Applied
 Biosystems Group............. 117 4,053
Charles River Laboratories
 International, Inc. (a)...... 50 2,807
Covance, Inc. (a).............. 44 3,428
Invitrogen Corp. (a)........... 37 3,024
Millipore Corp. (a)............ 41 3,108
Pharmaceutical Product
 Development, Inc. ........... 72 2,552
Thermo Fisher Scientific, Inc.
 (a).......................... 298 17,200
Waters Corp. (a)............... 71 4,751
 -----------
 40,923
 -----------
MACHINERY -- 1.9%
Caterpillar, Inc. ............. 452 35,450
Cummins, Inc. ................. 66 8,441
Danaher Corp. ................. 171 14,143
Deere & Co. ................... 162 24,044
Donaldson Co., Inc. ........... 51 2,130
Dover Corp. ................... 140 7,133
Eaton Corp. ................... 108 10,696
Flowserve Corp. ............... 36 2,743
Harsco Corp. .................. 54 3,201
Illinois Tool Works, Inc. ..... 344 20,516
Ingersoll-Rand Co., Ltd. (Class
 A)........................... 214 11,657
ITT Corp. ..................... 124 8,423
Joy Global, Inc. .............. 79 4,018
Oshkosh Truck Corp. ........... 51 3,160
PACCAR, Inc. .................. 175 14,919
Pall Corp. .................... 87 3,384
Parker-Hannifin Corp. ......... 84 9,394
Pentair, Inc. ................. 66 2,190
SPX Corp. ..................... 39 3,610
Terex Corp. (a)................ 68 6,053
The Manitowoc Co., Inc. ....... 82 3,631
 -----------
 198,936
 -----------
MEDIA -- 3.3%
Cablevision Systems Corp.
 (Class A) (a)................ 157 5,486
CBS Corp. ..................... 420 13,230
Clear Channel Communications,
 Inc. ........................ 321 12,018
Clear Channel Outdoor Holdings,
 Inc. (a)..................... 25 637
Comcast Corp. (Class A) (a).... 2,111 51,044
Discovery Holding Co. (Class A)
 (a).......................... 191 5,510
Dow Jones & Co., Inc. ......... 38 2,269
EchoStar Communications Corp.
 (Class A) (a)................ 150 7,021
EW Scripps Co. ................ 57 2,394
Gannett Co., Inc. ............. 166 7,254

SPDR DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
Idearc, Inc. .................. 100 $ 3,147
Lamar Advertising Co. ......... 52 2,546
Liberty Global, Inc. (Class A)
 (a).......................... 279 11,445
Liberty Media Corp. -- Capital
 (Series A) (a)............... 95 11,859
News Corp. (Class A)........... 1,627 35,778
Omnicom Group, Inc. ........... 244 11,734
R.H. Donnelley Corp. (a)....... 54 3,025
Sirius Satellite Radio, Inc.
 (a).......................... 837 2,921
The DIRECTV Group, Inc. (a).... 495 12,019
The Interpublic Group of Cos.,
 Inc. (a)..................... 292 3,031
The McGraw-Hill Cos., Inc. .... 249 12,677
The New York Times Co. (Class
 A)........................... 102 2,016
The Walt Disney Co. ........... 1,310 45,051
The Washington Post Co. ....... 4 3,211
Time Warner Cable, Inc. (a).... 109 3,575
Time Warner, Inc. ............. 2,687 49,333
Tribune Co. ................... 33 902
Viacom, Inc. (a)............... 429 16,718
Virgin Media, Inc. ............ 172 4,174
XM Satellite Radio Holdings,
 Inc. (Class A) (a)........... 178 2,522
 -----------
 344,547
 -----------
METALS & MINING -- 1.0%
Alcoa, Inc. ................... 626 24,489
Allegheny Technologies, Inc. .. 71 7,806
Freeport-McMoRan Copper & Gold,
 Inc. ........................ 275 28,845
Newmont Mining Corp. .......... 297 13,285
Nucor Corp. ................... 198 11,775
Southern Copper Corp. ......... 55 6,811
Titanium Metals Corp. (a)...... 53 1,779
United States Steel Corp. ..... 82 8,687
 -----------
 103,477
 -----------
MULTI-UTILITIES -- 1.1%
Alliant Energy Corp. .......... 81 3,104
Ameren Corp. .................. 141 7,402
CenterPoint Energy, Inc. ...... 190 3,046
Consolidated Edison, Inc. ..... 202 9,353
Dominion Resources, Inc. ...... 208 17,534
DTE Energy Co. ................ 117 5,667
Energy East Corp. ............. 102 2,759
Integrys Energy Group, Inc. ... 52 2,664
MDU Resources Group, Inc. ..... 107 2,979
NiSource, Inc. ................ 184 3,522
NSTAR.......................... 75 2,611
PG&E Corp. .................... 237 11,329
Public Service Enterprise
 Group, Inc. ................. 174 15,310
SCANA Corp. ................... 71 2,751
Sempra Energy.................. 158 9,183
TECO Energy, Inc. ............. 139 2,284
Wisconsin Energy Corp. ........ 81 3,647
Xcel Energy, Inc. ............. 273 5,880
 -----------
 111,025
 -----------
MULTILINE RETAIL -- 0.8%
Dollar Tree Stores, Inc. (a).. 74 3,000
Family Dollar Stores, Inc. .... 111 2,948
J. C. Penney Co., Inc. ........ 143 9,062
Kohl's Corp. (a).............. 209 11,982
Macy's, Inc. .................. 324 10,472
Nordstrom, Inc. ............... 152 7,127
Sears Holdings Corp. (a)...... 52 6,614
Target Corp. .................. 543 34,519
 -----------
 85,724
 -----------
OFFICE ELECTRONICS -- 0.1%
Xerox Corp. (a)............... 673 11,670
 -----------
OIL, GAS & CONSUMABLE FUELS -- 9.0%
Anadarko Petroleum Corp. ...... 330 17,738
Apache Corp. .................. 231 20,804
Arch Coal, Inc. ............... 100 3,374
Chesapeake Energy Corp. ....... 309 10,895
Chevron Corp. ................. 1,505 140,838
CNX Gas Corp. (a)............. 17 489
ConocoPhillips................. 1,074 94,265
CONSOL Energy, Inc. ........... 122 5,685
Denbury Resources, Inc. (a)... 79 3,531
Devon Energy Corp. ............ 291 24,211
El Paso Corp. ................. 480 8,146
Enbridge Energy Partners LP.... 35 1,709
Energy Transfer Equity LP...... 88 3,018
Energy Transfer Partners LP.... 71 3,468
Enterprise Products Partners
 LP........................... 211 6,383
EOG Resources, Inc. ........... 171 12,369
Exxon Mobil Corp. ............. 3,922 363,020
Frontier Oil Corp. ............ 69 2,873
Hess Corp. .................... 200 13,306
Kinder Morgan Energy Partners
 LP........................... 99 4,891
Marathon Oil Corp. ............ 490 27,940
Murphy Oil Corp. .............. 118 8,247
Newfield Exploration Co. (a)... 88 4,238
Noble Energy, Inc. ............ 118 8,265
Occidental Petroleum Corp. .... 590 37,807
ONEOK Partners LP.............. 33 1,962
Peabody Energy Corp. .......... 177 8,473
Pioneer Natural Resources
 Co. ......................... 88 3,958
Plains All American Pipeline
 LP........................... 53 2,888
Pogo Producing Co. ............ 38 2,018
Range Resources Corp. ......... 96 3,903
Southwestern Energy Co. (a).... 112 4,687
Spectra Energy Corp. .......... 437 10,698
Sunoco, Inc. .................. 86 6,087
Teekay Corp. .................. 25 1,470
Tesoro Corp. .................. 96 4,418
The Williams Cos., Inc. ....... 414 14,101
Ultra Petroleum Corp. (a)..... 106 6,576
Valero Energy Corp. ........... 387 25,999
XTO Energy, Inc. .............. 271 16,759
 -----------
 941,507
 -----------
PAPER & FOREST PRODUCTS -- 0.3%
Domtar Corp. (a).............. 414 3,395
International Paper Co. ....... 318 11,407
MeadWestvaco Corp. ............ 125 3,691
Weyerhaeuser Co. .............. 148 10,700
 -----------
 29,193
 -----------
PERSONAL PRODUCTS -- 0.1%
Avon Products, Inc. ........... 311 11,672
The Estee Lauder Cos., Inc.
 (Class A).................... 86 3,651
 -----------
 15,323
 -----------

SPDR DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
PHARMACEUTICALS -- 5.5%
Abbott Laboratories............ 1,086 $ 58,231
Abraxis BioScience, Inc. (a).. 15 342
Allergan, Inc. ................ 214 13,797
Barr Pharmaceuticals, Inc.
 (a).......................... 68 3,870
Bristol-Myers Squibb Co. ...... 1,413 40,723
Eli Lilly & Co. ............... 677 38,542
Endo Pharmaceuticals Holdings,
 Inc. (a).................... 90 2,791
Forest Laboratories, Inc.
 (a).......................... 223 8,316
Johnson & Johnson.............. 2,046 134,422
King Pharmaceuticals, Inc.
 (a).......................... 167 1,957
Merck & Co., Inc. ............. 1,532 79,189
Mylan Laboratories, Inc. ...... 195 3,112
Pfizer, Inc. .................. 4,890 119,463
Schering-Plough Corp. ......... 1,029 32,547
Sepracor, Inc. (a)............ 73 2,008
Warner Chilcott, Ltd. (a)...... 48 853
Wyeth.......................... 946 42,144
 -----------
 582,307
 -----------
REAL ESTATE INVESTMENT TRUSTS -- 1.6%
AMB Property Corp. ............ 69 4,127
Annaly Capital Management,
 Inc. ........................ 209 3,329
Apartment Investment &
 Management Co. (Class A)..... 65 2,933
Archstone-Smith Trust.......... 150 9,021
Avalonbay Communities, Inc. ... 60 7,083
Boston Properties, Inc. ....... 80 8,312
Camden Property Trust.......... 39 2,506
CapitalSource, Inc. ........... 86 1,741
Developers Diversified Realty
 Corp. ....................... 88 4,916
Duke Realty Corp. ............. 96 3,246
Equity Residential............. 201 8,514
Federal Realty Investment
 Trust........................ 35 3,101
General Growth Properties,
 Inc. ........................ 156 8,365
HCP, Inc. ..................... 139 4,611
Hospitality Properties Trust... 66 2,683
Host Hotels & Resorts, Inc. ... 360 8,078
iStar Financial, Inc. ......... 88 2,991
Kimco Realty Corp. ............ 148 6,691
Liberty Property Trust......... 58 2,332
Mack-Cali Realty Corp. ........ 41 1,685
Plum Creek Timber Co., Inc. ... 122 5,461
ProLogis....................... 172 11,412
Public Storage................. 86 6,764
Regency Centers Corp. ......... 48 3,684
Simon Property Group, Inc. .... 155 15,500
SL Green Realty Corp. ......... 45 5,255
The Macerich Co. .............. 50 4,379
UDR, Inc. ..................... 87 2,116
Ventas, Inc. .................. 92 3,809
Vornado Realty Trust........... 99 10,826
Weingarten Realty Investors.... 52 2,156
 -----------
 167,627
 -----------
REAL ESTATE MANAGEMENT & DEVELOPMENT -- 0.1%
Brookfield Properties Corp. ... 142 3,536
CB Richard Ellis Group, Inc.
 (Class A) (a)............... 131 3,647
Forest City Enterprises,
 Inc. ........................ 48 2,648
 -----------
 9,831
 -----------
ROAD & RAIL -- 0.7%
Burlington Northern Santa Fe
 Corp. ....................... 222 18,020
CSX Corp. ..................... 308 13,161
Hertz Global Holdings, Inc.
 (a).......................... 94 2,135
J.B. Hunt Transport Services,
 Inc. ........................ 86 2,262
Norfolk Southern Corp. ........ 292 15,158
Union Pacific Corp. ........... 185 20,916
 -----------
 71,652
 -----------
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT -- 2.7%
Advanced Micro Devices, Inc.
 (a).......................... 406 5,359
Altera Corp. .................. 261 6,285
Analog Devices, Inc. .......... 239 8,642
Applied Materials, Inc. ....... 1,013 20,969
Broadcom Corp. (Class A) (a).. 306 11,151
Intel Corp. ................... 4,104 106,129
International Rectifier Corp.
 (a).......................... 44 1,452
Intersil Corp. (Class A)....... 99 3,310
KLA-Tencor Corp. .............. 132 7,363
Lam Research Corp. (a)........ 97 5,166
Linear Technology Corp. ....... 179 6,263
LSI Logic Corp. (a)........... 535 3,970
Marvell Technology Group, Ltd.
 (a).......................... 320 5,238
Maxim Integrated Products,
 Inc. ........................ 220 6,457
MEMC Electronic Materials, Inc.
 (a).......................... 153 9,006
Microchip Technology, Inc. .... 147 5,339
Micron Technology, Inc. (a)... 494 5,483
National Semiconductor Corp. .. 223 6,048
Novellus Systems, Inc. (a).... 96 2,617
NVIDIA Corp. (a).............. 383 13,862
Teradyne, Inc. (a)............ 138 1,904
Texas Instruments, Inc. ....... 1,035 37,871
Varian Semiconductor Equipment
 Associates, Inc. (a)........ 48 2,569
Xilinx, Inc. .................. 236 6,169
 -----------
 288,622
 -----------
SOFTWARE -- 3.2%
Activision, Inc. (a).......... 180 3,886
Adobe Systems, Inc. (a)....... 410 17,901
Autodesk, Inc. (a)............ 155 7,745
BEA Systems, Inc. (a)......... 270 3,745
BMC Software, Inc. (a)........ 151 4,716
CA, Inc. ...................... 294 7,562
Cadence Design Systems, Inc.
 (a).......................... 184 4,083
Citrix Systems, Inc. (a)...... 126 5,080
Electronic Arts, Inc. (a)..... 217 12,150
Intuit, Inc. (a).............. 215 6,514
McAfee, Inc. (a).............. 100 3,487
Microsoft Corp. ............... 5,890 173,519
NAVTEQ Corp. (a).............. 65 5,068
Oracle Corp. (a).............. 2,763 59,819
Red Hat, Inc. (a)............. 126 2,504
Salesforce.com, Inc. (a)...... 66 3,387
Symantec Corp. (a)............ 655 12,694
Synopsys, Inc. (a)............ 94 2,546
VMware, Inc. (Class A) (a).... 23 1,955
 -----------
 338,361
 -----------
SPECIALTY RETAIL -- 1.7%
Abercrombie & Fitch Co. ....... 60 4,842
Advance Auto Parts, Inc. ...... 80 2,685
American Eagle Outfitters,
 Inc. ........................ 135 3,552

SPDR DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
AutoNation, Inc. (a).......... 121 $ 2,144
AutoZone, Inc. (a)............ 38 4,413
Bed Bath & Beyond, Inc. (a)... 202 6,892
Best Buy Co., Inc. ............ 272 12,517
CarMax, Inc. (a).............. 146 2,968
Chico's FAS, Inc. (a)......... 123 1,728
GameStop Corp. (Class A) (a).. 98 5,522
Guess ?, Inc. ................. 32 1,569
Limited Brands, Inc. .......... 235 5,379
Lowe's Cos., Inc. ............. 1,079 30,234
O'Reilly Automotive, Inc.
 (a).......................... 77 2,573
Office Depot, Inc. (a)........ 188 3,877
PetSmart, Inc. ................ 97 3,094
RadioShack Corp. .............. 93 1,921
Ross Stores, Inc. ............. 101 2,590
Staples, Inc. ................. 512 11,003
The Gap, Inc. ................. 433 7,985
The Home Depot, Inc. .......... 1,190 38,604
The Sherwin-Williams Co. ...... 81 5,322
The TJX Cos., Inc. ............ 326 9,477
Tiffany & Co. ................. 102 5,340
Urban Outfitters, Inc. (a).... 78 1,700
Williams-Sonoma, Inc. ......... 62 2,022
 -----------
 179,953
 -----------
TEXTILES, APPAREL & LUXURY GOODS -- 0.4%
Coach, Inc. (a)............... 257 12,148
CROCS, Inc. (a)............... 48 3,228
Liz Claiborne, Inc. ........... 74 2,540
NIKE, Inc. (Class B)........... 238 13,961
Polo Ralph Lauren Corp. ....... 42 3,266
V. F. Corp. ................... 61 4,926
 -----------
 40,069
 -----------
THRIFTS & MORTGAGE FINANCE -- 1.1%
Countrywide Financial Corp. ... 413 7,851
Fannie Mae..................... 683 41,533
Freddie Mac.................... 481 28,384
Hudson City Bancorp, Inc. ..... 361 5,552
MGIC Investment Corp. ......... 65 2,100
New York Community Bancorp,
 Inc. ........................ 185 3,524
People's United Financial,
 Inc. ........................ 88 1,521
Sovereign Bancorp, Inc. ....... 211 3,595
TFS Financial Corp. (a)....... 50 647
Washington Mutual, Inc. ....... 618 21,822
 -----------
 116,529
 -----------
TOBACCO -- 1.2%
Altria Group, Inc. ............ 1,481 102,974
Loews Corp.- Carolina Group.... 75 6,167
Reynolds American, Inc. ....... 120 7,631
UST, Inc. ..................... 112 5,555
 -----------
 122,327
 -----------
TRADING COMPANIES & DISTRIBUTORS -- 0.1%
Fastenal Co. .................. 94 4,268
W.W. Grainger, Inc. ........... 56 5,107
 -----------
 9,375
 -----------
WIRELESS TELECOMMUNICATION SERVICES -- 0.9%
ALLTEL Corp. .................. 261 18,187
American Tower Corp. (Class A)
 (a).......................... 292 12,714
Clearwire Corp. (Class A)
 (a).......................... 37 904
Crown Castle International
 Corp. (a)................... 194 7,882
Leap Wireless International,
 Inc. (a).................... 34 2,767
MetroPCS Communications, Inc.
 (a).......................... 30 818
NII Holdings, Inc. (a)........ 122 10,022
Sprint Nextel Corp. ........... 2,026 38,494
Telephone & Data Systems,
 Inc. ........................ 72 4,806
US Cellular Corp. (a)......... 12 1,178
 -----------
 97,772
 -----------
TOTAL COMMON STOCKS --
 (Cost $9,258,574)............ 10,477,999
 -----------
SHORT TERM INVESTMENTS -- 0.7%
MONEY MARKET FUND -- 0.7%
STIC Prime Portfolio
 (Cost $70,859)............... 70,859 70,859
 -----------
TOTAL INVESTMENTS -- 100.4%
 (Cost $9,329,433)............ 10,548,858
OTHER ASSETS AND
 LIABILITIES -- (0.4)%........ (42,231)
 -----------
NET ASSETS -- 100.0%........... $10,506,627
 ===========

(a) Non-income producing security
(b) Affiliated issuer. See table below for more information.

 SHARES
 PURCHASED FOR SHARES SOLD
 NUMBER THE THREE FOR THE NUMBER
 OF SHARES MONTHS THREE MONTHS OF SHARES
 HELD AT ENDED ENDED HELD AT
SECURITY DESCRIPTION 6/30/07 9/30/07 9/30/07 9/30/07
-------------------- --------- ------------- ------------ ---------
State Street Corp. .. 276 0 0 276
(Cost $17,489)

 INCOME REALIZED GAIN
 EARNED ON SHARES
 FOR THE SOLD DURING
 THREE THE THREE
 MONTHS MONTHS
 ENDED ENDED MARKET VALUE
SECURITY DESCRIPTION 9/30/07 9/30/07 AT 9/30/07
-------------------- ------- ------------- ------------
State Street Corp. .. $51 $0 $18,812

SPDR(R) DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
COMMON STOCKS -- 99.8%
AEROSPACE & DEFENSE -- 2.9%
Alliant Techsystems, Inc.
 (a)......................... 1,202 $ 131,379
General Dynamics Corp. ....... 12,339 1,042,275
L-3 Communications Holdings,
 Inc. ....................... 4,644 474,338
Lockheed Martin Corp. ........ 12,090 1,311,644
Precision Castparts Corp. .... 5,072 750,555
Raytheon Co. ................. 16,099 1,027,438
Rockwell Collins, Inc. ....... 6,110 446,274
Spirit Aerosystems Holdings,
 Inc. (a).................... 3,635 141,547
United Technologies Corp. .... 33,841 2,723,524
 ------------
 8,048,974
 ------------
AIR FREIGHT & LOGISTICS -- 1.3%
C.H. Robinson Worldwide,
 Inc. ....................... 6,313 342,733
Expeditors International
 Washington, Inc. ........... 7,885 372,960
FedEx Corp. .................. 10,508 1,100,713
United Parcel Service, Inc.
 (Class B)................... 25,078 1,883,358
 ------------
 3,699,764
 ------------
AIRLINES -- 0.4%
AMR Corp. (a)................. 8,480 189,019
Delta Air Lines, Inc. (a)..... 8,716 156,452
Northwest Airlines Corp. (a).. 7,160 127,448
Southwest Airlines Co. ....... 27,438 406,083
UAL Corp. (a)................. 4,285 199,381
 ------------
 1,078,383
 ------------
AUTO COMPONENTS -- 0.2%
BorgWarner, Inc. ............. 2,172 198,803
The Goodyear Tire & Rubber Co.
 (a)......................... 7,678 233,488
 ------------
 432,291
 ------------
AUTOMOBILES -- 0.2%
Harley-Davidson, Inc. ........ 9,234 426,703
 ------------
BEVERAGES -- 2.3%
Anheuser-Busch Cos., Inc. .... 27,544 1,376,925
Brown-Forman Corp. ........... 2,339 175,215
Constellation Brands, Inc.
 (Class A) (a)............... 7,034 170,293
Hansen Natural Corp. (a)...... 2,656 150,542
PepsiCo, Inc. ................ 59,490 4,358,237
The Pepsi Bottling Group,
 Inc. ....................... 4,748 176,483
 ------------
 6,407,695
 ------------
BIOTECHNOLOGY -- 2.9%
Amgen, Inc. (a)............... 40,003 2,262,970
Amylin Pharmaceuticals, Inc.
 (a)......................... 4,810 240,500
Biogen Idec, Inc. (a)......... 10,449 693,082
Celgene Corp. (a)............. 13,929 993,277
Cephalon, Inc. (a)............ 2,397 175,125
Genentech, Inc. (a)........... 17,060 1,331,021
Genzyme Corp. (a)............. 9,643 597,480
Gilead Sciences, Inc. (a)..... 34,274 1,400,779
Millennium Pharmaceuticals,
 Inc. (a).................... 11,965 121,445
Vertex Pharmaceuticals, Inc.
 (a)......................... 4,774 183,369
 ------------
 7,999,048
 ------------
BUILDING PRODUCTS -- 0.1%
American Standard Cos.,
 Inc. ....................... 6,567 233,917
 ------------
CAPITAL MARKETS -- 1.6%
BlackRock, Inc. .............. 744 129,017
E*TRADE Financial Corp. (a)... 15,511 202,574
Eaton Vance Corp. ............ 4,786 191,248
Fortress Investment Group LLC
 (Class A)................... 1,430 30,488
Franklin Resources, Inc. ..... 6,160 785,400
Legg Mason, Inc. ............. 4,816 405,941
Nuveen Investments, Inc. ..... 2,968 183,838
SEI Investments Co. .......... 5,382 146,821
State Street Corp. (b)........ 14,582 993,909
T. Rowe Price Group, Inc. .... 9,706 540,527
TD Ameritrade Holding Corp.
 (a)......................... 9,197 167,569
The Charles Schwab Corp. ..... 37,675 813,780
 ------------
 4,591,112
 ------------
CHEMICALS -- 1.5%
Celanese Corp. ............... 5,474 213,377
Ecolab, Inc. ................. 6,516 307,555
Huntsman Corp. ............... 3,373 89,351
Lyondell Chemical Co. ........ 8,380 388,413
Monsanto Co. ................. 19,943 1,709,913
Praxair, Inc. ................ 11,808 989,038
Sigma-Aldrich Corp. .......... 4,102 199,931
The Mosaic Co. (a)............ 5,302 283,763
 ------------
 4,181,341
 ------------
COMMERCIAL BANKS -- 0.1%
Commerce Bancorp, Inc. ....... 6,987 270,956
 ------------
COMMERCIAL SERVICES & SUPPLIES -- 0.8%
Allied Waste Industries, Inc.
 (a)......................... 10,809 137,815
ChoicePoint, Inc. (a)......... 2,784 105,569
Cintas Corp. ................. 4,988 185,055
Dun & Bradstreet Corp. ....... 2,227 219,604
Equifax, Inc. ................ 5,131 195,594
Manpower, Inc. ............... 3,142 202,188
Monster Worldwide, Inc. (a)... 4,326 147,343
Robert Half International,
 Inc. ....................... 6,123 182,833
Stericycle, Inc. (a).......... 3,270 186,913
Waste Management, Inc. ....... 19,036 718,419
 ------------
 2,281,333
 ------------
COMMUNICATIONS EQUIPMENT -- 5.2%
Avaya, Inc. (a)............... 16,774 284,487
Cisco Systems, Inc. (a)....... 223,925 7,414,157
Corning, Inc. ................ 57,549 1,418,583
Harris Corp. ................. 5,011 289,586
JDS Uniphase Corp. (a)........ 8,009 119,815
Juniper Networks, Inc. (a).... 18,845 689,915
Motorola, Inc. ............... 84,914 1,573,456
QUALCOMM, Inc. ............... 61,556 2,601,356
 ------------
 14,391,355
 ------------
COMPUTERS & PERIPHERALS -- 5.2%
Apple, Inc. (a)............... 31,754 4,875,509
Dell, Inc. (a)................ 73,902 2,039,695
Diebold, Inc. ................ 2,464 111,915
EMC Corp. (a)................. 77,219 1,606,155
Hewlett-Packard Co. .......... 96,391 4,799,308
Lexmark International, Inc.
 (a)......................... 3,537 146,892
Network Appliance, Inc. (a)... 13,460 362,208
SanDisk Corp. (a)............. 8,428 464,383
Western Digital Corp. (a)..... 7,969 201,775
 ------------
 14,607,840
 ------------

SPDR DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
CONSTRUCTION & ENGINEERING -- 0.5%
Fluor Corp. .................. 3,256 $ 468,799
Foster Wheeler, Ltd. (a)...... 2,554 335,289
Jacobs Engineering Group, Inc.
 (a)......................... 4,385 331,418
KBR, Inc. (a)................. 6,200 240,374
 ------------
 1,375,880
 ------------
CONSTRUCTION MATERIALS -- 0.1%
Florida Rock Industries,
 Inc. ....................... 1,940 121,231
Martin Marietta Materials,
 Inc. ....................... 1,555 207,670
 ------------
 328,901
 ------------
CONSUMER FINANCE -- 1.1%
American Express Co. ......... 39,011 2,316,083
SLM Corp. .................... 15,160 752,997
The First Marblehead Corp. ... 2,206 83,674
 ------------
 3,152,754
 ------------
CONTAINERS & PACKAGING -- 0.2%
Ball Corp. ................... 3,738 200,917
Crown Holdings, Inc. (a)...... 5,916 134,648
Pactiv Corp. (a).............. 4,830 138,428
Sealed Air Corp. ............. 5,926 151,469
 ------------
 625,462
 ------------
DIVERSIFIED CONSUMER SERVICES -- 0.3%
Apollo Group, Inc. (a)........ 5,388 324,088
H&R Block, Inc. .............. 10,845 229,697
ITT Educational Services, Inc.
 (a)......................... 1,532 186,429
Weight Watchers International,
 Inc. ....................... 1,341 77,188
 ------------
 817,402
 ------------
DIVERSIFIED FINANCIAL SERVICES -- 1.1%
CME Group, Inc. .............. 2,011 1,181,161
Intercontinental Exchange,
 Inc. (a).................... 2,542 386,130
Leucadia National Corp. ...... 6,048 291,635
Moody's Corp. ................ 8,281 417,362
Nymex Holdings, Inc. ......... 1,287 167,542
NYSE Euronext................. 6,996 553,873
 ------------
 2,997,703
 ------------
DIVERSIFIED TELECOMMUNICATION SERVICES -- 0.2%
Level 3 Communications, Inc.
 (a)......................... 55,946 260,149
Windstream Corp. ............. 17,474 246,733
 ------------
 506,882
 ------------
ELECTRIC UTILITIES -- 0.1%
Allegheny Energy, Inc. (a).... 6,089 318,211
 ------------
ELECTRICAL EQUIPMENT -- 0.2%
AMETEK, Inc. ................. 3,995 172,664
First Solar, Inc. (a)......... 1,228 144,585
Roper Industries, Inc. ....... 3,242 212,351
Sunpower Corp. (Class A) (a).. 1,328 109,985
 ------------
 639,585
 ------------
ELECTRONIC EQUIPMENT & INSTRUMENTS -- 0.8%
Agilent Technologies, Inc.
 (a)......................... 14,561 537,010
Amphenol Corp. (Class A)...... 6,569 261,183
Arrow Electronics, Inc. (a)... 4,498 191,255
CDW Corp. (a)................. 2,291 199,775
Jabil Circuit, Inc. .......... 6,641 151,680
Trimble Navigation, Ltd. (a).. 4,394 172,289
Tyco Electronics Ltd.......... 18,088 640,858
 ------------
 2,154,050
 ------------
ENERGY EQUIPMENT & SERVICES -- 5.1%
Baker Hughes, Inc. ........... 11,775 1,064,107
BJ Services Co. .............. 10,806 286,899
Cameron International Corp.
 (a)......................... 3,973 366,668
Diamond Offshore Drilling,
 Inc. ....................... 2,427 274,955
ENSCO International, Inc. .... 5,494 308,213
FMC Technologies, Inc. (a).... 4,722 272,271
GlobalSantaFe Corp. .......... 8,365 635,907
Grant Prideco, Inc. (a)....... 4,657 253,900
Halliburton Co. .............. 32,656 1,253,990
Nabors Industries, Ltd. (a)... 10,264 315,823
National-Oilwell Varco, Inc.
 (a)......................... 6,562 948,209
Noble Corp. .................. 9,830 482,162
Patterson-UTI Energy, Inc. ... 5,658 127,701
Pride International, Inc.
 (a)......................... 6,221 227,378
Rowan Cos., Inc. ............. 4,119 150,673
Schlumberger, Ltd. ........... 43,839 4,603,095
Smith International, Inc. .... 7,380 526,932
Transocean, Inc. (a).......... 10,626 1,201,269
Weatherford International,
 Ltd. (a).................... 12,497 839,549
 ------------
 14,139,701
 ------------
FOOD & STAPLES RETAILING -- 3.6%
Costco Wholesale Corp. ....... 16,049 984,927
CVS Caremark Corp. ........... 54,479 2,159,003
Sysco Corp. .................. 22,328 794,653
Wal-Mart Stores, Inc. ........ 93,692 4,089,656
Walgreen Co. ................. 37,209 1,757,753
Whole Foods Market, Inc. ..... 5,049 247,199
 ------------
 10,033,191
 ------------
FOOD PRODUCTS -- 0.8%
Archer-Daniels-Midland Co. ... 21,543 712,642
Bunge, Ltd. .................. 4,393 472,028
Dean Foods Co. ............... 4,972 127,184
The Hershey Co. .............. 5,807 269,503
Wm. Wrigley Jr., Co. ......... 8,407 539,982
 ------------
 2,121,339
 ------------
GAS UTILITIES -- 0.3%
Equitable Resources, Inc. .... 4,273 221,640
ONEOK, Inc. .................. 3,650 173,010
Questar Corp. ................ 6,258 328,733
 ------------
 723,383
 ------------
HEALTH CARE EQUIPMENT & SUPPLIES -- 3.5%
Bausch & Lomb, Inc. .......... 2,095 134,080
Baxter International, Inc. ... 23,949 1,347,850
Beckman Coulter, Inc. ........ 2,320 171,123
Becton, Dickinson & Co. ...... 8,490 696,604
Boston Scientific Corp. (a)... 50,582 705,619
C.R. Bard, Inc. .............. 3,831 337,856
Covidien Ltd (a).............. 18,088 750,652
Cytyc Corp. (a)............... 4,336 206,610
Dentsply International,
 Inc. ....................... 5,380 224,023
Hospira, Inc. (a)............. 5,857 242,773
Intuitive Surgical, Inc. (a).. 1,404 322,920
Kinetic Concepts, Inc. (a).... 1,942 109,296
Medtronic, Inc. .............. 41,959 2,366,907
St. Jude Medical, Inc. (a).... 12,614 555,899
Stryker Corp. ................ 11,538 793,353

SPDR DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
Varian Medical Systems, Inc.
 (a)......................... 4,650 $ 194,789
Zimmer Holdings, Inc. (a)..... 8,811 713,603
 ------------
 9,873,957
 ------------
HEALTH CARE PROVIDERS & SERVICES -- 3.9%
Aetna, Inc. .................. 18,935 1,027,603
AmerisourceBergen Corp. ...... 6,606 299,450
Brookdale Senior Living,
 Inc. ....................... 1,923 76,555
Cardinal Health, Inc. ........ 13,384 836,902
Community Health Systems, Inc.
 (a)......................... 3,628 114,064
Coventry Health Care, Inc.
 (a)......................... 5,686 353,726
DaVita, Inc. (a).............. 3,895 246,086
Express Scripts, Inc. (Class
 A) (a)...................... 8,012 447,230
Health Net, Inc. (a).......... 4,085 220,794
Henry Schein, Inc. (a)........ 3,351 203,875
Humana, Inc. (a).............. 6,176 431,579
Lincare Holdings, Inc. (a).... 3,159 115,777
Manor Care, Inc. ............. 2,776 178,774
McKesson Corp. ............... 10,901 640,870
Medco Health Solutions, Inc.
 (a)......................... 9,992 903,177
Omnicare, Inc. ............... 4,340 143,784
Patterson Cos., Inc. (a)...... 4,903 189,305
Quest Diagnostics, Inc. ...... 5,507 318,139
UnitedHealth Group, Inc. ..... 48,717 2,359,364
Universal Health Services,
 Inc. (Class B).............. 1,898 103,289
WellPoint, Inc. (a)........... 22,050 1,740,186
 ------------
 10,950,529
 ------------
HEALTH CARE TECHNOLOGY-- 0.1%
Cerner Corp. (a).............. 2,308 138,041
IMS Health, Inc. ............. 7,053 216,104
 ------------
 354,145
 ------------
HOTELS, RESTAURANTS & LEISURE -- 2.3%
Boyd Gaming Corp. ............ 2,085 89,342
Brinker International, Inc. .. 3,823 104,903
Darden Restaurants, Inc. ..... 4,781 200,133
Harrah's Entertainment,
 Inc. ....................... 6,879 597,991
Hilton Hotels Corp. .......... 13,427 624,221
International Game
 Technology.................. 12,077 520,519
Las Vegas Sands Corp. (a)..... 3,865 515,668
Marriott International, Inc.
 (Class A)................... 11,989 521,162
MGM Mirage, Inc. (a).......... 4,408 394,252
Penn National Gaming, Inc.
 (a)......................... 2,776 163,840
Starbucks Corp. (a)........... 27,132 710,858
Starwood Hotels & Resorts
 Worldwide, Inc. ............ 7,673 466,135
Station Casinos, Inc. ........ 1,542 134,894
Wendy's International, Inc. .. 3,178 110,944
Wyndham Worldwide Corp. ...... 6,637 217,428
Wynn Resorts, Ltd. ........... 2,259 355,928
Yum! Brands, Inc. ............ 19,341 654,306
 ------------
 6,382,524
 ------------
HOUSEHOLD DURABLES -- 0.4%
D.R. Horton, Inc. ............ 10,229 131,034
Garmin, Ltd. ................. 4,680 558,792
Harman International
 Industries, Inc. ........... 2,421 209,465
Lennar Corp. (Class A)........ 5,134 116,285
Pulte Homes, Inc. ............ 7,954 108,254
Toll Brothers, Inc. (a)....... 4,887 97,691
 ------------
 1,221,521
 ------------
HOUSEHOLD PRODUCTS -- 3.6%
Colgate-Palmolive Co. ........ 19,023 1,356,721
Energizer Holdings, Inc. (a).. 2,125 235,556
Procter & Gamble Co. ......... 114,850 8,078,549
The Clorox Co. ............... 5,104 311,293
 ------------
 9,982,119
 ------------
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS -- 0.7%
Constellation Energy Group,
 Inc. ....................... 6,727 577,109
Dynegy, Inc. (Class A) (a).... 14,714 135,957
Mirant Corp. (a).............. 9,427 383,491
NRG Energy, Inc. (a).......... 8,788 371,645
The AES Corp. (a)............. 24,598 492,944
 ------------
 1,961,146
 ------------
INDUSTRIAL CONGLOMERATES -- 1.0%
3M Co. ....................... 24,249 2,269,221
McDermott International, Inc.
 (a)......................... 8,210 443,997
 ------------
 2,713,218
 ------------
INSURANCE -- 3.1%
AFLAC, Inc. .................. 18,080 1,031,283
Arch Capital Group, Ltd. (a).. 1,768 131,557
Assurant, Inc. ............... 3,690 197,415
Axis Capital Holdings, Ltd. .. 5,235 203,694
Berkshire Hathaway, Inc.
 (Class A) (a)............... 38 4,503,380
Brown & Brown, Inc. .......... 4,308 113,300
Prudential Financial, Inc. ... 16,922 1,651,249
The Progressive Corp. ........ 25,119 487,560
WR Berkley Corp. ............. 5,987 177,395
 ------------
 8,496,833
 ------------
INTERNET & CATALOG RETAIL -- 0.7%
Amazon.com, Inc. (a).......... 11,027 1,027,165
Expedia, Inc. (a)............. 8,797 280,448
IAC/InterActiveCorp (a)....... 7,350 218,075
Liberty Media Holding Corp. -
 Interactive (Class A) (a)... 23,995 460,944
 ------------
 1,986,632
 ------------
INTERNET SOFTWARE & SERVICES -- 2.9%
Akamai Technologies, Inc.
 (a)......................... 6,021 172,983
eBay, Inc. (a)................ 43,075 1,680,787
Google, Inc. (Class A) (a).... 8,346 4,734,435
VeriSign, Inc. (a)............ 9,184 309,868
Yahoo!, Inc. (a).............. 46,926 1,259,494
 ------------
 8,157,567
 ------------
IT SERVICES -- 2.0%
Accenture, Ltd. (Class A)..... 21,596 869,239
Affiliated Computer Services,
 Inc. (a).................... 3,454 173,529
Alliance Data Systems Corp.
 (a)......................... 2,911 225,428
Automatic Data Processing,
 Inc. ....................... 19,445 893,109
Ceridian Corp. (a)............ 5,233 181,794
Checkfree Corp. (a)........... 2,681 124,774
Cognizant Technology Solutions
 Corp. (a)................... 5,261 419,670
DST Systems, Inc. (a)......... 1,909 163,811
Fidelity National Information
 Services, Inc. ............. 7,012 311,122
Fiserv, Inc. (a).............. 6,048 307,601
Global Payments, Inc. ........ 3,079 136,153
Iron Mountain, Inc. (a)....... 6,726 205,009

SPDR DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
Mastercard, Inc. ............. 2,233 $ 330,417
Paychex, Inc. ................ 12,331 505,571
The Western Union Co. ........ 28,137 590,033
Total System Services, Inc. .. 1,447 40,198
 ------------
 5,477,458
 ------------
LIFE SCIENCES TOOLS & SERVICES -- 0.8%
Applera Corp. - Applied
 Biosystems Group............ 6,860 237,630
Charles River Laboratories
 International, Inc. (a)..... 2,547 143,014
Covance, Inc. (a)............. 2,414 188,051
Invitrogen Corp. (a).......... 1,732 141,556
Millipore Corp. (a)........... 1,967 149,099
Pharmaceutical Product
 Development, Inc. .......... 3,826 135,593
Thermo Fisher Scientific, Inc.
 (a)......................... 15,663 904,068
Waters Corp. (a).............. 3,680 246,266
 ------------
 2,145,277
 ------------
MACHINERY -- 2.4%
Caterpillar, Inc. ............ 23,711 1,859,654
Cummins, Inc. ................ 3,438 439,686
Danaher Corp. ................ 8,895 735,705
Donaldson Co., Inc. .......... 2,498 104,316
Flowserve Corp. .............. 2,044 155,712
Harsco Corp. ................. 3,066 181,722
Illinois Tool Works, Inc. .... 17,455 1,041,016
ITT Corp. .................... 6,705 455,471
Joy Global, Inc. ............. 3,995 203,186
Oshkosh Truck Corp. .......... 2,682 166,204
PACCAR, Inc. ................. 9,216 785,664
Terex Corp. (a)............... 3,773 335,872
The Manitowoc Co., Inc. ...... 4,598 203,599
 ------------
 6,667,807
 ------------
MEDIA -- 5.9%
Cablevision Systems Corp.
 (Class A) (a)............... 8,416 294,055
Clear Channel Communications,
 Inc. ....................... 16,408 614,315
Clear Channel Outdoor
 Holdings,
 Inc. (a).................... 1,407 35,878
Comcast Corp. (Class A) (a)... 109,589 2,649,862
Discovery Holding Co. (Class
 A) (a)...................... 10,346 298,482
Dow Jones & Co., Inc. ........ 2,248 134,206
EchoStar Communications Corp.
 (Class A) (a)............... 7,616 356,505
EW Scripps Co. ............... 3,155 132,510
Lamar Advertising Co. ........ 2,646 129,575
Liberty Global, Inc. (Class A)
 (a)......................... 13,965 572,844
Liberty Media Corp. -- Capital
 (Series A) (a).............. 4,733 590,820
News Corp. (Class A).......... 85,350 1,876,846
Omnicom Group, Inc. .......... 12,240 588,622
R.H. Donnelley Corp. (a)...... 2,674 149,797
Sirius Satellite Radio, Inc.
 (a)......................... 47,645 166,281
The DIRECTV Group, Inc. (a)... 26,352 639,827
The McGraw-Hill Cos., Inc. ... 12,439 633,269
The Walt Disney Co. .......... 66,886 2,300,210
The Washington Post Co. ...... 210 168,588
Time Warner Cable, Inc. (a)... 5,722 187,682
Time Warner, Inc. ............ 137,891 2,531,679
Viacom, Inc. (a).............. 22,577 879,826
Virgin Media, Inc. ........... 10,678 259,155
XM Satellite Radio Holdings,
 Inc. (Class A) (a).......... 11,323 160,447
 ------------
 16,351,281
 ------------
METALS & MINING -- 1.2%
Allegheny Technologies,
 Inc. ....................... 3,542 389,443
Freeport-McMoRan Copper &
 Gold, Inc. ................. 13,975 1,465,838
Newmont Mining Corp. ......... 15,609 698,190
Nucor Corp. .................. 10,102 600,766
Titanium Metals Corp. (a)..... 3,211 107,761
 ------------
 3,261,998
 ------------
MULTI-UTILITIES -- 0.3%
Public Service Enterprise
 Group, Inc. ................ 9,196 809,156
 ------------
MULTILINE RETAIL -- 1.4%
Dollar Tree Stores, Inc. (a).. 3,551 143,958
Family Dollar Stores, Inc. ... 4,991 132,561
J. C. Penney Co., Inc. ....... 7,108 450,434
Kohl's Corp. (a).............. 10,498 601,850
Macy's, Inc. ................. 16,019 517,734
Nordstrom, Inc. .............. 7,834 367,336
Target Corp. ................. 28,593 1,817,657
 ------------
 4,031,530
 ------------
OFFICE ELECTRONICS -- 0.2%
Xerox Corp. (a)............... 34,222 593,409
 ------------
OIL, GAS & CONSUMABLE FUELS -- 4.2%
Anadarko Petroleum Corp. ..... 17,242 926,758
Apache Corp. ................. 12,049 1,085,133
Arch Coal, Inc. .............. 5,451 183,917
Chesapeake Energy Corp. ...... 16,380 577,559
CNX Gas Corp. (a)............. 1,057 30,410
CONSOL Energy, Inc. .......... 6,714 312,872
Denbury Resources, Inc. (a)... 4,394 196,368
Devon Energy Corp. ........... 15,438 1,284,442
Energy Transfer Equity LP..... 4,608 158,054
EOG Resources, Inc. .......... 8,992 650,391
Frontier Oil Corp. ........... 3,884 161,730
Kinder Morgan Energy Partners
 LP.......................... 5,416 267,550
Murphy Oil Corp. ............. 6,451 450,860
Newfield Exploration Co. (a).. 4,774 229,916
Noble Energy, Inc. ........... 6,234 436,629
Peabody Energy Corp. ......... 9,713 464,961
Pioneer Natural Resources
 Co. ........................ 4,426 199,081
Pogo Producing Co. ........... 1,562 82,958
Range Resources Corp. ........ 5,426 220,621
Southwestern Energy Co. (a)... 6,272 262,483
Sunoco, Inc. ................. 4,500 318,510
The Williams Cos., Inc. ...... 21,863 744,654
Ultra Petroleum Corp. (a)..... 5,515 342,151
Valero Energy Corp. .......... 20,181 1,355,760
XTO Energy, Inc. ............. 14,120 873,181
 ------------
 11,816,949
 ------------
PAPER & FOREST PRODUCTS -- 0.1%
Domtar Corp. (a).............. 16,964 139,105
 ------------
PERSONAL PRODUCTS -- 0.3%
Avon Products, Inc. .......... 15,988 600,030
The Estee Lauder Cos., Inc.
 (Class A)................... 3,849 163,428
 ------------
 763,458
 ------------

SPDR DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
PHARMACEUTICALS -- 1.3%
Abraxis BioScience, Inc. (a).. 870 $ 19,862
Allergan, Inc. ............... 11,128 717,422
Barr Pharmaceuticals, Inc.
 (a)......................... 3,923 223,258
Endo Pharmaceuticals Holdings,
 Inc. (a).................... 5,022 155,732
Forest Laboratories, Inc.
 (a)......................... 11,616 433,161
Mylan Laboratories, Inc. ..... 8,878 141,693
Schering-Plough Corp. ........ 54,915 1,736,961
Sepracor, Inc. (a)............ 4,085 112,338
Warner Chilcott, Ltd. (a)..... 3,087 54,856
 ------------
 3,595,283
 ------------
REAL ESTATE INVESTMENT TRUSTS -- 0.8%
Camden Property Trust......... 2,044 131,327
CapitalSource, Inc. .......... 5,171 104,661
General Growth Properties,
 Inc. ....................... 8,493 455,395
Public Storage................ 4,700 369,655
Simon Property Group, Inc. ... 8,235 823,500
Ventas, Inc. ................. 4,904 203,025
 ------------
 2,087,563
 ------------
REAL ESTATE MANAGEMENT & DEVELOPMENT -- 0.1%
Brookfield Properties Corp. .. 7,482 186,302
CB Richard Ellis Group, Inc.
 (Class A) (a)............... 7,505 208,939
 ------------
 395,241
 ------------
ROAD & RAIL -- 0.3%
Hertz Global Holdings, Inc.
 (a)......................... 4,852 110,237
J.B. Hunt Transport Services,
 Inc. ....................... 3,625 95,338
Norfolk Southern Corp. ....... 14,455 750,359
 ------------
 955,934
 ------------
SEMICONDUCTORS & SEMICONDUCTOR
 EQUIPMENT -- 5.3%
Advanced Micro Devices, Inc.
 (a)......................... 20,376 268,963
Altera Corp. ................. 12,625 304,010
Analog Devices, Inc. ......... 11,403 412,332
Applied Materials, Inc. ...... 50,844 1,052,471
Broadcom Corp. (Class A) (a).. 17,209 627,096
Intel Corp. .................. 213,956 5,532,902
International Rectifier Corp.
 (a)......................... 2,669 88,050
Intersil Corp. (Class A)...... 4,877 163,038
KLA-Tencor Corp. ............. 7,066 394,141
Lam Research Corp. (a)........ 4,503 239,830
Linear Technology Corp. ...... 8,120 284,119
LSI Logic Corp. (a)........... 26,250 194,775
Marvell Technology Group, Ltd.
 (a)......................... 17,236 282,153
Maxim Integrated Products,
 Inc. ....................... 11,721 344,011
MEMC Electronic Materials,
 Inc. (a).................... 8,237 484,830
Microchip Technology, Inc. ... 8,010 290,923
Micron Technology, Inc. (a)... 27,746 307,981
National Semiconductor
 Corp. ...................... 9,648 261,654
Novellus Systems, Inc. (a).... 4,758 129,703
NVIDIA Corp. (a).............. 20,015 725,344
Teradyne, Inc. (a)............ 6,599 91,066
Texas Instruments, Inc. ...... 53,067 1,941,722
Varian Semiconductor Equipment
 Associates, Inc. (a)........ 2,760 147,715
Xilinx, Inc. ................. 10,848 283,567
 ------------
 14,852,396
 ------------
SOFTWARE -- 6.3%
Activision, Inc. (a).......... 10,449 225,594
Adobe Systems, Inc. (a)....... 21,679 946,505
Autodesk, Inc. (a)............ 8,462 422,846
BEA Systems, Inc. (a)......... 14,765 204,791
BMC Software, Inc. (a)........ 7,509 234,506
CA, Inc. ..................... 15,049 387,060
Citrix Systems, Inc. (a)...... 6,663 268,652
Electronic Arts, Inc. (a)..... 11,404 638,510
Intuit, Inc. (a).............. 11,421 346,056
McAfee, Inc. (a).............. 5,965 208,000
Microsoft Corp. .............. 306,737 9,036,472
NAVTEQ Corp. (a).............. 3,576 278,821
Oracle Corp. (a).............. 144,452 3,127,386
Red Hat, Inc. (a)............. 7,086 140,799
Salesforce.com, Inc. (a)...... 3,547 182,032
Symantec Corp. (a)............ 32,302 626,013
Synopsys, Inc. (a)............ 5,229 141,601
VMware, Inc. (Class A) (a).... 1,430 121,550
 ------------
 17,537,194
 ------------
SPECIALTY RETAIL -- 3.1%
Abercrombie & Fitch Co. ...... 3,197 257,998
Advance Auto Parts, Inc. ..... 3,764 126,320
American Eagle Outfitters,
 Inc. ....................... 7,174 188,748
AutoNation, Inc. (a).......... 5,408 95,830
AutoZone, Inc. (a)............ 1,623 188,495
Bed Bath & Beyond, Inc. (a)... 10,242 349,457
Best Buy Co., Inc. ........... 14,295 657,856
CarMax, Inc. (a).............. 7,922 161,054
Chico's FAS, Inc. (a)......... 6,173 86,731
GameStop Corp. (Class A) (a).. 5,416 305,192
Guess ?, Inc. ................ 2,042 100,119
Lowe's Cos., Inc. ............ 54,623 1,530,536
O'Reilly Automotive, Inc.
 (a)......................... 4,298 143,596
Office Depot, Inc. (a)........ 9,991 206,014
PetSmart, Inc. ............... 4,943 157,682
Ross Stores, Inc. ............ 5,351 137,200
Staples, Inc. ................ 26,281 564,779
The Gap, Inc. ................ 21,535 397,105
The Home Depot, Inc. ......... 61,772 2,003,884
The TJX Cos., Inc. ........... 16,257 472,591
Tiffany & Co. ................ 4,934 258,295
Urban Outfitters, Inc. (a).... 4,504 98,187
Williams-Sonoma, Inc. ........ 3,260 106,341
 ------------
 8,594,010
 ------------
TEXTILES, APPAREL & LUXURY GOODS -- 0.7%
Coach, Inc. (a)............... 13,610 643,345
CROCS, Inc. (a)............... 2,760 185,610
Liz Claiborne, Inc. .......... 3,882 133,269
NIKE, Inc. (Class B).......... 13,142 770,910
Polo Ralph Lauren Corp. ...... 2,248 174,782
 ------------
 1,907,916
 ------------
THRIFTS & MORTGAGE FINANCE -- 0.2%
Countrywide Financial Corp. .. 21,285 404,628
Hudson City Bancorp, Inc. .... 18,401 283,007
 ------------
 687,635
 ------------
TRADING COMPANIES & DISTRIBUTORS -- 0.1%
Fastenal Co. ................. 5,149 233,816
 ------------

SPDR DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
WIRELESS TELECOMMUNICATION SERVICES -- 1.5%
American Tower Corp. (Class A)
 (a)......................... 15,102 $ 657,541
Clearwire Corp. (Class A)
 (a)......................... 2,632 64,326
Crown Castle International
 Corp. (a)................... 10,330 419,708
Leap Wireless International,
 Inc. (a).................... 1,807 147,036
MetroPCS Communications, Inc.
 (a)......................... 1,830 49,922
NII Holdings, Inc. (a)........ 6,372 523,460
Sprint Nextel Corp. .......... 106,490 2,023,310
Telephone & Data Systems,
 Inc. ....................... 3,835 255,986
US Cellular Corp. (a)......... 530 52,046
 ------------
 4,193,335
 ------------
TOTAL COMMON STOCKS --
 (Cost $243,090,706)......... 277,763,098
 ------------
SHORT TERM INVESTMENT -- 0.6%
MONEY MARKET FUND -- 0.6%
STIC Prime Portfolio
 (Cost $1,665,974)........... 1,665,974 1,665,974
 ------------
TOTAL INVESTMENTS -- 100.4%
 (Cost $244,756,680)......... 279,429,072
OTHER ASSETS AND
 LIABILITIES -- (0.4)%....... (1,160,245)
 ------------
NET ASSETS -- 100.0%.......... $278,268,827
 ============

(a) Non-income producing security
(b) Affiliated issuer. See table below for more information.

 SHARES
 PURCHASED FOR SHARES SOLD
 NUMBER THE THREE FOR THE NUMBER
 OF SHARES MONTHS THREE MONTHS OF SHARES
 HELD AT ENDED ENDED HELD AT
SECURITY DESCRIPTION 6/30/07 9/30/07 9/30/07 9/30/07
-------------------- --------- ------------- ------------ ---------
State Street Corp. .. 11,842 2,740 0 14,582
(Cost $723,398)

 REALIZED GAIN
 INCOME (LOSS) ON
 EARNED SHARES
 FOR THE SOLD DURING
 THREE THE THREE
 MONTHS MONTHS
 ENDED ENDED MARKET VALUE
SECURITY DESCRIPTION 9/30/07 9/30/07 AT 9/30/07
-------------------- ------- ------------- ------------
State Street Corp. .. $2,187 $0 $993,909

SPDR(R) DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
COMMON STOCKS -- 99.7%
AEROSPACE & DEFENSE -- 2.0%
Boeing Co. ................... 12,844 $ 1,348,491
Goodrich Corp. ............... 2,320 158,294
Honeywell International,
 Inc. ....................... 12,347 734,276
Northrop Grumman Corp. ....... 5,869 457,782
 ------------
 2,698,843
 ------------
AUTO COMPONENTS -- 0.4%
Johnson Controls, Inc. ....... 3,533 417,283
WABCO Holdings, Inc. ......... 1,000 46,750
 ------------
 464,033
 ------------
AUTOMOBILES -- 0.5%
Ford Motor Co. (a)............ 37,500 318,375
General Motors Corp. ......... 8,982 329,639
 ------------
 648,014
 ------------
BEVERAGES -- 1.9%
Coca-Cola Enterprises, Inc. .. 5,155 124,854
Molson Coors Brewing Co. ..... 1,360 135,551
The Coca-Cola Co. ............ 38,593 2,217,940
 ------------
 2,478,345
 ------------
BUILDING PRODUCTS -- 0.2%
Masco Corp. .................. 6,693 155,077
USG Corp. (a)................. 1,469 55,161
 ------------
 210,238
 ------------
CAPITAL MARKETS -- 4.7%
A.G. Edwards, Inc. ........... 1,382 115,743
AllianceBernstein Holding LP.. 466 41,041
Ameriprise Financial, Inc. ... 4,247 268,028
Federated Investors, Inc. .... 1,797 71,341
Janus Capital Group, Inc. .... 3,080 87,102
Lehman Brothers Holdings,
 Inc. ....................... 9,606 592,978
Merrill Lynch & Co., Inc. .... 14,708 1,048,386
Morgan Stanley................ 17,502 1,102,626
Northern Trust Corp. ......... 3,604 238,837
The Bank of New York Mellon
 Corp. ...................... 20,828 919,348
The Bear Stearns Cos., Inc. .. 2,003 245,988
The Blackstone Group LP (a)... 2,500 62,700
The Goldman Sachs Group,
 Inc. ....................... 6,701 1,452,375
 ------------
 6,246,493
 ------------
CHEMICALS -- 2.0%
Air Products & Chemicals,
 Inc. ....................... 3,685 360,245
Ashland, Inc. ................ 1,033 62,197
E. I. du Pont de Nemours &
 Co. ........................ 16,675 826,413
Eastman Chemical Co. ......... 1,574 105,033
International Flavors &
 Fragrances, Inc. ........... 1,488 78,656
Lubrizol Corp. ............... 1,266 82,366
PPG Industries, Inc. ......... 3,023 228,388
Rohm & Haas Co. .............. 2,959 164,727
The Dow Chemical Co. ......... 17,397 749,115
 ------------
 2,657,140
 ------------
COMMERCIAL BANKS -- 6.6%
Associated Bancorp............ 2,140 63,408
Banco Bilbao Vizcaya
 Argentaria SA, ADR.......... 1 13
BB&T Corp. ................... 9,922 400,750
City National Corp. .......... 730 50,742
Comerica, Inc. ............... 2,718 139,379
Commerce Bancshares, Inc. .... 1,271 58,326
Fifth Third Bancorp........... 8,930 302,548
First Horizon National
 Corp. ...................... 2,224 59,292
Huntington Bancshares, Inc. .. 6,322 107,348
Keycorp....................... 6,575 212,570
M&T Bank Corp. ............... 1,383 143,071
Marshall & Ilsley Corp. ...... 4,384 191,888
National City Corp. .......... 10,258 257,373
PNC Financial Services Group,
 Inc. ....................... 6,088 414,593
Popular, Inc. ................ 4,603 56,525
Regions Financial Corp. ...... 12,914 380,705
SunTrust Banks, Inc. ......... 6,345 480,126
Synovus Financial Corp. ...... 4,878 136,828
TCF Financial Corp. .......... 2,330 60,999
The Colonial BancGroup,
 Inc. ....................... 2,862 61,876
U.S. Bancorp.................. 31,267 1,017,116
UnionBanCal Corp. ............ 962 56,190
Valley National Bancorp....... 2,210 49,018
Wachovia Corp. ............... 34,648 1,737,597
Wells Fargo & Co. ............ 58,104 2,069,665
Zions Bancorp................. 2,003 137,546
 ------------
 8,645,492
 ------------
COMMERCIAL SERVICES & SUPPLIES -- 0.4%
Avery Dennison Corp. ......... 1,809 103,149
Pitney Bowes, Inc. ........... 4,031 183,088
R.R. Donnelley & Sons Co. .... 4,010 146,606
Republic Services, Inc. ...... 3,195 104,508
 ------------
 537,351
 ------------
COMMUNICATIONS EQUIPMENT -- 0.1%
Tellabs, Inc. (a)............. 7,262 69,134
 ------------
COMPUTERS & PERIPHERALS -- 2.8%
International Business
 Machines Corp. ............. 24,751 2,915,668
NCR Corp. (a)................. 3,200 159,360
Seagate Technology............ 9,577 244,979
Sun Microsystems, Inc. (a).... 63,700 357,357
 ------------
 3,677,364
 ------------
CONSTRUCTION MATERIALS -- 0.1%
Vulcan Materials Co. ......... 1,500 133,725
 ------------
CONSUMER FINANCE -- 0.5%
Capital One Financial Corp. .. 7,579 503,473
Discover Financial Services
 (a)......................... 7,750 161,200
The Student Loan Corp. ....... 96 17,311
 ------------
 681,984
 ------------
CONTAINERS & PACKAGING -- 0.2%
Bemis Co., Inc. .............. 2,015 58,657
Owens-Illinois, Inc. (a)...... 2,600 107,770
Sonoco Products Co. .......... 1,902 57,402
Temple-Inland, Inc. .......... 1,731 91,103
 ------------
 314,932
 ------------
DISTRIBUTORS -- 0.1%
Genuine Parts Co. ............ 3,082 154,100
 ------------
DIVERSIFIED FINANCIAL SERVICES -- 8.6%
Bank of America Corp. ........ 81,743 4,109,220
CIT Group, Inc. .............. 3,604 144,881
Citigroup, Inc. .............. 90,319 4,215,188
JPMorgan Chase & Co. ......... 61,302 2,808,858
 ------------
 11,278,147
 ------------

SPDR DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
DIVERSIFIED TELECOMMUNICATION SERVICES -- 5.8%
AT&T, Inc. ................... 110,819 $ 4,688,752
CenturyTel, Inc. ............. 2,028 93,734
Citizens Communications Co. .. 6,278 89,901
Embarq Corp. ................. 2,770 154,012
Qwest Communications
 International,
 Inc. (a).................... 27,826 254,886
Verizon Communications,
 Inc. ....................... 52,551 2,326,958
 ------------
 7,608,243
 ------------
ELECTRIC UTILITIES -- 3.5%
American Electric Power Co.,
 Inc. ....................... 7,194 331,499
DPL, Inc. .................... 2,045 53,702
Duke Energy Corp. ............ 22,864 427,328
Edison International.......... 5,513 305,696
Entergy Corp. ................ 3,597 389,519
Exelon Corp. ................. 12,103 912,082
FirstEnergy Corp. ............ 5,545 351,220
FPL Group, Inc. .............. 6,799 413,923
Northeast Utilities........... 2,857 81,624
Pepco Holdings, Inc. ......... 3,483 94,320
Pinnacle West Capital Corp. .. 1,800 71,118
PPL Corp. .................... 7,046 326,230
Progress Energy, Inc. ........ 4,672 218,883
Reliant Energy, Inc. (a)...... 6,161 157,722
The Southern Co. ............. 13,771 499,612
 ------------
 4,634,478
 ------------
ELECTRICAL EQUIPMENT -- 0.9%
Cooper Industries, Ltd. ...... 3,636 185,763
Emerson Electric Co. ......... 14,345 763,441
Hubbell, Inc. (Class B)....... 1,058 60,433
Rockwell Automation, Inc. .... 2,400 166,824
 ------------
 1,176,461
 ------------
ELECTRONIC EQUIPMENT & INSTRUMENTS -- 0.2%
Avnet, Inc. (a)............... 2,712 108,100
Ingram Micro, Inc. (Class A)
 (a)......................... 2,634 51,653
Molex, Inc. .................. 2,400 64,632
Solectron Corp. (a)........... 15,900 62,010
 ------------
 286,395
 ------------
FOOD & STAPLES RETAILING -- 0.6%
Safeway, Inc. ................ 8,090 267,860
SUPERVALU, Inc. .............. 3,820 149,018
The Kroger Co. ............... 12,001 342,269
 ------------
 759,147
 ------------
FOOD PRODUCTS -- 2.1%
Campbell Soup Co. ............ 4,460 165,020
ConAgra Foods, Inc. .......... 8,819 230,440
General Mills, Inc. .......... 5,841 338,836
H.J. Heinz Co. ............... 5,680 262,416
Hormel Foods Corp. ........... 1,374 49,162
Kellogg Co. .................. 4,571 255,976
Kraft Foods, Inc. ............ 28,558 985,537
McCormick & Co., Inc. ........ 2,125 76,436
Sara Lee Corp. ............... 13,397 223,596
Smithfield Foods, Inc. (a).... 2,276 71,694
Tyson Foods, Inc. (Class A)... 4,996 89,179
 ------------
 2,748,292
 ------------
HEALTH CARE EQUIPMENT & SUPPLIES -- 0.0% (b)
Hillenbrand Industries,
 Inc. ....................... 1,057 58,156
 ------------
HEALTH CARE PROVIDERS & SERVICES -- 0.3%
CIGNA Corp. .................. 5,247 279,613
Laboratory Corp. of America
 Holdings (a)................ 2,100 164,283
 ------------
 443,896
 ------------
HOTELS, RESTAURANTS & LEISURE -- 1.3%
Carnival Corp. ............... 7,745 375,091
Icahn Enterprises LP.......... 92 10,727
McDonald's Corp. ............. 21,760 1,185,267
Royal Caribbean Cruises,
 Ltd. ....................... 2,432 94,921
 ------------
 1,666,006
 ------------
HOUSEHOLD DURABLES -- 0.7%
Black & Decker Corp. ......... 1,250 104,125
Centex Corp. ................. 2,100 55,797
Fortune Brands, Inc. ......... 2,700 220,023
KB HOME....................... 1,391 34,858
Leggett & Platt, Inc. ........ 3,305 63,324
Mohawk Industries, Inc. (a)... 1,034 84,064
Newell Rubbermaid, Inc. ...... 5,074 146,233
NVR, Inc. (a)................. 94 44,203
The Stanley Works............. 1,475 82,792
Whirlpool Corp. .............. 1,491 132,848
 ------------
 968,267
 ------------
HOUSEHOLD PRODUCTS -- 0.4%
Kimberly-Clark Corp. ......... 7,674 539,175
 ------------
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS -- 0.4%
TXU Corp. .................... 8,370 573,094
 ------------
INDUSTRIAL CONGLOMERATES -- 6.4%
General Electric Co. ......... 186,814 7,734,099
Textron, Inc. ................ 4,532 281,936
Tyco International Ltd........ 9,061 401,765
 ------------
 8,417,800
 ------------
INSURANCE -- 7.2%
ACE, Ltd. .................... 5,993 362,996
AMBAC Financial Group, Inc. .. 1,923 120,976
American International Group,
 Inc. ....................... 40,821 2,761,541
AON Corp. .................... 4,604 206,305
Arthur J. Gallagher & Co. .... 1,789 51,827
Chubb Corp. .................. 7,052 378,269
Cincinnati Financial Corp. ... 2,960 128,198
CNA Financial Corp. .......... 473 18,598
Everest Re Group, Ltd. ....... 1,167 128,650
Fidelity National Financial,
 Inc. ....................... 3,897 68,120
First American Corp. ......... 1,500 54,930
Genworth Financial, Inc.
 (Class A)................... 8,159 250,726
Hartford Financial Services
 Group, Inc. ................ 5,716 529,016
Lincoln National Corp. ....... 4,881 322,000
Loews Corp. .................. 8,167 394,874
Markel Corp. (a).............. 200 96,800
Marsh & McLennan Cos., Inc. .. 10,052 256,326
MBIA, Inc. ................... 2,240 136,752
MetLife, Inc. ................ 8,204 572,065
Nationwide Financial Services,
 Inc. (Class A).............. 965 51,936
Old Republic International
 Corp. ...................... 3,865 72,430
PartnerRe, Ltd. .............. 1,000 78,990
Principal Financial Group,
 Inc. ....................... 4,800 302,832

SPDR DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
Protective Life Corp. ........ 1,122 $ 47,618
RenaissanceRe Holdings,
 Ltd. ....................... 1,200 78,492
SAFECO Corp. ................. 1,940 118,767
The Allstate Corp. ........... 10,558 603,812
The Travelers Cos., Inc. ..... 11,831 595,573
Torchmark Corp. .............. 1,613 100,522
Transatlantic Holdings,
 Inc. ....................... 498 35,024
Unitrin, Inc. ................ 751 37,242
Unum Group.................... 6,304 154,259
White Mountains Insurance
 Group, Ltd. ................ 143 74,324
XL Capital, Ltd. (Class A).... 3,235 256,212
 ------------
 9,447,002
 ------------
IT SERVICES -- 0.3%
Computer Sciences Corp. (a)... 3,098 173,178
Electronic Data Systems
 Corp. ...................... 9,364 204,510
 ------------
 377,688
 ------------
LEISURE EQUIPMENT & PRODUCTS -- 0.3%
Eastman Kodak Co. ............ 5,230 139,955
Hasbro, Inc. ................. 2,581 71,958
Mattel, Inc. ................. 7,156 167,880
 ------------
 379,793
 ------------
MACHINERY -- 1.4%
Deere & Co. .................. 4,113 610,451
Dover Corp. .................. 3,710 189,025
Eaton Corp. .................. 2,662 263,645
Ingersoll-Rand Co., Ltd.
 (Class A)................... 5,158 280,956
Pall Corp. ................... 2,100 81,690
Parker-Hannifin Corp. ........ 2,131 238,310
Pentair, Inc. ................ 1,912 63,440
SPX Corp. .................... 988 91,449
 ------------
 1,818,966
 ------------
MEDIA -- 0.6%
CBS Corp. .................... 10,945 344,767
Gannett Co., Inc. ............ 4,230 184,851
Idearc, Inc. ................. 2,742 86,291
The Interpublic Group of Cos.,
 Inc. (a).................... 8,416 87,358
The New York Times Co. (Class
 A).......................... 2,755 54,439
Tribune Co. .................. 1,358 37,101
 ------------
 794,807
 ------------
METALS & MINING -- 0.8%
Alcoa, Inc. .................. 15,911 622,438
Southern Copper Corp. ........ 1,371 169,771
United States Steel Corp. .... 2,132 225,864
 ------------
 1,018,073
 ------------
MULTI-UTILITIES -- 1.9%
Alliant Energy Corp. ......... 2,136 81,852
Ameren Corp. ................. 3,822 200,655
CenterPoint Energy, Inc. ..... 5,159 82,699
Consolidated Edison, Inc. .... 4,944 228,907
Dominion Resources, Inc. ..... 5,303 447,043
DTE Energy Co. ............... 3,082 149,292
Energy East Corp. ............ 2,827 76,470
Integrys Energy Group, Inc. .. 1,406 72,029
MDU Resources Group, Inc. .... 3,126 87,028
NiSource, Inc. ............... 4,973 95,183
NSTAR......................... 1,911 66,522
PG&E Corp. ................... 6,300 301,140
SCANA Corp. .................. 1,902 73,683
Sempra Energy................. 4,224 245,499
TECO Energy, Inc. ............ 3,711 60,972
Wisconsin Energy Corp. ....... 2,118 95,374
Xcel Energy, Inc. ............ 7,393 159,245
 ------------
 2,523,593
 ------------
MULTILINE RETAIL -- 0.1%
Sears Holdings Corp. (a)...... 1,433 182,278
 ------------
OIL, GAS & CONSUMABLE FUELS -- 14.0%
Chevron Corp. ................ 38,650 3,616,867
ConocoPhillips................ 27,586 2,421,223
El Paso Corp. ................ 12,977 220,220
Enbridge Energy Partners LP... 938 45,803
Energy Transfer Partners LP... 1,290 63,016
Enterprise Products Partners
 LP.......................... 5,006 151,431
Exxon Mobil Corp. ............ 100,713 9,321,995
Hess Corp. ................... 5,225 347,619
Marathon Oil Corp. ........... 12,598 718,338
Occidental Petroleum Corp. ... 15,110 968,249
ONEOK Partners LP............. 862 51,255
Plains All American Pipeline
 LP.......................... 1,694 92,306
Spectra Energy Corp. ......... 11,433 279,880
Teekay Corp. ................. 700 41,167
Tesoro Corp. ................. 2,535 116,661
 ------------
 18,456,030
 ------------
PAPER & FOREST PRODUCTS -- 0.5%
International Paper Co. ...... 7,942 284,880
MeadWestvaco Corp. ........... 3,281 96,888
Weyerhaeuser Co. ............. 3,931 284,211
 ------------
 665,979
 ------------
PHARMACEUTICALS -- 10.0%
Abbott Laboratories........... 27,892 1,495,569
Bristol-Myers Squibb Co. ..... 35,630 1,026,857
Eli Lilly & Co. .............. 17,502 996,389
Johnson & Johnson............. 52,700 3,462,390
King Pharmaceuticals, Inc.
 (a)......................... 4,262 49,951
Merck & Co., Inc. ............ 39,448 2,039,067
Pfizer, Inc. ................. 125,575 3,067,797
Wyeth......................... 24,100 1,073,655
 ------------
 13,211,675
 ------------
REAL ESTATE INVESTMENT TRUSTS -- 2.6%
AMB Property Corp. ........... 1,774 106,103
Annaly Capital Management,
 Inc. ....................... 5,700 90,801
Apartment Investment &
 Management Co. (Class A).... 1,801 81,279
Archstone-Smith Trust......... 4,078 245,251
Avalonbay Communities, Inc. .. 1,468 173,312
Boston Properties, Inc. ...... 2,100 218,190
Developers Diversified Realty
 Corp. ...................... 2,274 127,048
Duke Realty Corp. ............ 2,435 82,327
Equity Residential............ 5,002 211,885
Federal Realty Investment
 Trust....................... 1,080 95,688
HCP, Inc. .................... 3,738 123,989
Hospitality Properties Trust.. 1,701 69,146
Host Hotels & Resorts, Inc. .. 9,582 215,020
iStar Financial, Inc. ........ 2,357 80,114
Kimco Realty Corp. ........... 4,023 181,880
Liberty Property Trust........ 1,685 67,754
Mack-Cali Realty Corp. ....... 1,256 51,622

SPDR DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- --------- ------------
Plum Creek Timber Co., Inc. .. 3,300 $ 147,708
ProLogis...................... 4,600 305,210
Regency Centers Corp. ........ 1,283 98,470
SL Green Realty Corp. ........ 1,100 128,447
The Macerich Co. ............. 1,279 112,015
UDR, Inc. .................... 2,428 59,049
Vornado Realty Trust.......... 2,574 281,467
Weingarten Realty Investors... 1,398 57,961
 ------------
 3,411,736
 ------------
REAL ESTATE MANAGEMENT & DEVELOPMENT -- 0.1%
Forest City Enterprises,
 Inc. ....................... 1,289 71,101
 ------------
ROAD & RAIL -- 1.0%
Burlington Northern Santa Fe
 Corp. ...................... 5,818 472,247
CSX Corp. .................... 7,989 341,370
Union Pacific Corp. .......... 4,829 545,967
 ------------
 1,359,584
 ------------
SOFTWARE -- 0.1%
Cadence Design Systems, Inc.
 (a)......................... 5,029 111,594
 ------------
SPECIALTY RETAIL -- 0.2%
Limited Brands, Inc. ......... 5,503 125,964
RadioShack Corp. ............. 2,400 49,584
The Sherwin-Williams Co. ..... 2,029 133,325
TravelCenters of America LLC
 (a)......................... 150 4,890
 ------------
 313,763
 ------------
TEXTILES, APPAREL & LUXURY GOODS -- 0.1%
V. F. Corp. .................. 1,590 128,393
 ------------
THRIFTS & MORTGAGE FINANCE -- 2.0%
Fannie Mae.................... 17,546 1,066,972
Freddie Mac................... 12,092 713,549
MGIC Investment Corp. ........ 1,461 47,205
New York Community Bancorp,
 Inc. ....................... 5,137 97,860
People's United Financial,
 Inc. ....................... 2,233 38,586
Sovereign Bancorp, Inc. ...... 6,006 102,342
TFS Financial Corp. (a)....... 1,778 23,007
Washington Mutual, Inc. ...... 15,608 551,119
 ------------
 2,640,640
 ------------
TOBACCO -- 2.4%
Altria Group, Inc. ........... 38,045 2,645,269
Loews Corp.-Carolina Group.... 1,979 162,733
Reynolds American, Inc. ...... 3,146 200,054
UST, Inc. .................... 2,964 147,015
 ------------
 3,155,071
 ------------
TRADING COMPANIES & DISTRIBUTORS -- 0.1%
 W.W. Grainger, Inc. ........ 1,397 127,392
 ------------
WIRELESS TELECOMMUNICATION
 SERVICES -- 0.3%
ALLTEL Corp. ................. 6,236 434,524
 ------------
TOTAL COMMON STOCKS --
 (Cost $115,324,984)......... 131,404,427
 ------------
SHORT TERM INVESTMENT -- 0.9%
MONEY MARKET FUND -- 0.9%
STIC Prime Portfolio
 (Cost $1,188,241)........... 1,188,241 1,188,241
 ------------
TOTAL INVESTMENTS -- 100.6%
 (Cost $116,513,225)......... 132,592,668
OTHER ASSETS AND
 LIABILITIES -- (0.6)%....... (823,185)
 ------------
NET ASSETS -- 100.0%.......... $131,769,483
 ============

(a) Non-income producing security
(b) Amount shown represents less than 0.05% of net assets. ADR = American Depositary Receipt

SPDR(R) DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
COMMON STOCKS -- 99.9%
AEROSPACE & DEFENSE -- 0.7%
Alliant Techsystems, Inc. (a)... 500 $ 54,650
BE Aerospace, Inc. (a).......... 1,376 57,145
Spirit Aerosystems Holdings,
 Inc. (a)...................... 1,520 59,189
 -----------
 170,984
 -----------
AIR FREIGHT & LOGISTICS -- 0.1%
UTI Worldwide, Inc. ............ 1,200 27,576
 -----------
AIRLINES -- 1.4%
AMR Corp. (a)................... 3,437 76,611
Continental Airlines, Inc.
 (Class B) (a)................. 1,398 46,176
Delta Air Lines, Inc. (a)....... 3,533 63,417
Northwest Airlines Corp. (a).... 2,916 51,905
UAL Corp. (a)................... 1,722 80,125
US Airways Group, Inc. (a)...... 1,257 32,996
 -----------
 351,230
 -----------
AUTO COMPONENTS -- 1.1%
BorgWarner, Inc. ............... 864 79,082
Gentex Corp. ................... 2,080 44,595
The Goodyear Tire & Rubber Co.
 (a)........................... 3,136 95,366
TRW Automotive Holdings Corp.
 (a)........................... 756 23,950
WABCO Holdings, Inc. ........... 844 39,457
 -----------
 282,450
 -----------
AUTOMOBILES -- 0.1%
Thor Industries, Inc. .......... 566 25,464
 -----------
BEVERAGES -- 0.7%
Constellation Brands, Inc.
 (Class A) (a)................. 2,864 69,338
Hansen Natural Corp. (a)........ 1,075 60,931
PepsiAmericas, Inc. ............ 939 30,461
 -----------
 160,730
 -----------
BIOTECHNOLOGY -- 1.1%
Cephalon, Inc. (a).............. 996 72,768
ImClone Systems, Inc. (a)....... 867 35,842
Millennium Pharmaceuticals, Inc.
 (a)........................... 4,729 47,999
PDL BioPharma, Inc. (a)......... 1,735 37,493
Vertex Pharmaceuticals, Inc.
 (a)........................... 1,949 74,861
 -----------
 268,963
 -----------
BUILDING PRODUCTS -- 0.4%
Lennox International, Inc. ..... 929 31,400
Owens Corning, Inc. (a)......... 1,276 31,964
USG Corp. (a)................... 1,079 40,516
 -----------
 103,880
 -----------
CAPITAL MARKETS -- 2.3%
Affiliated Managers Group, Inc.
 (a)........................... 434 55,339
Eaton Vance Corp. .............. 1,860 74,326
Federated Investors, Inc. ...... 1,439 57,128
Janus Capital Group, Inc. ...... 2,612 73,867
Jefferies Group, Inc. .......... 1,559 43,387
MF Global, Ltd. (a)............. 1,414 41,006
Nuveen Investments, Inc. ....... 1,179 73,027
Raymond James Financial, Inc. .. 1,390 45,662
SEI Investments Co. ............ 2,113 57,643
The Blackstone Group LP (a)..... 2,171 54,449
 -----------
 575,834
 -----------
CHEMICALS -- 3.7%
Airgas, Inc. ................... 1,051 54,263
Albemarle Corp. ................ 1,141 50,432
Ashland, Inc. .................. 812 48,890
Cabot Corp. .................... 907 32,226
Celanese Corp. ................. 2,223 86,653
CF Industries Holdings, Inc. ... 739 56,097
Cytec Industries, Inc. ......... 618 42,265
Eastman Chemical Co. ........... 1,253 83,613
FMC Corp. ...................... 1,078 56,078
Hercules, Inc. ................. 1,685 35,419
Huntsman Corp. ................. 1,313 34,781
International Flavors &
 Fragrances, Inc. ............. 1,232 65,123
Lubrizol Corp. ................. 1,034 67,272
Nalco Holding Co. .............. 2,155 63,896
Rockwood Holdings, Inc. (a)..... 535 19,169
RPM International, Inc. ........ 1,807 43,278
The Scotts Miracle-Gro Co.
 (Class A)..................... 612 26,163
Valhi, Inc. .................... 168 3,990
Valspar Corp. .................. 1,371 37,305
 -----------
 906,913
 -----------
COMMERCIAL BANKS -- 2.3%
Associated Bancorp.............. 1,727 51,171
Bank of Hawaii Corp. ........... 720 38,052
BOK Financial Corp. ............ 322 16,554
City National Corp. ............ 582 40,455
Commerce Bancshares, Inc. ...... 1,005 46,119
Cullen/Frost Bankers, Inc. ..... 868 43,504
First Horizon National Corp. ... 1,821 48,548
Fulton Financial Corp. ......... 2,516 36,180
PNC Financial Services Group,
 Inc. ......................... 1 68
Popular, Inc. .................. 3,818 46,885
TCF Financial Corp. ............ 1,793 46,941
The Colonial BancGroup, Inc. ... 2,304 49,813
Valley National Bancorp......... 1,756 38,948
Webster Financial Corp. ........ 815 34,328
Wilmington Trust Corp. ......... 990 38,511
 -----------
 576,077
 -----------
COMMERCIAL SERVICES & SUPPLIES -- 2.8%
Allied Waste Industries, Inc.
 (a)........................... 4,218 53,780
ChoicePoint, Inc. (a)........... 1,110 42,091
Cintas Corp. ................... 2,039 75,647
Copart, Inc. (a)................ 972 33,427
Corrections Corp. of America
 (a)........................... 1,770 46,321
Covanta Holding Corp. (a)....... 1,553 38,064
Dun & Bradstreet Corp. ......... 862 85,002
IHS, Inc. (a)................... 445 25,138
Monster Worldwide, Inc. (a)..... 1,770 60,286
Robert Half International,
 Inc. ......................... 2,442 72,918
Steelcase, Inc. (Class A)....... 900 16,182
Stericycle, Inc. (a)............ 1,316 75,223
The Brink's Co. ................ 606 33,863
The Corporate Executive Board
 Co. .......................... 555 41,203
 -----------
 699,145
 -----------
COMMUNICATIONS EQUIPMENT -- 1.3%
CIENA Corp. (a)................. 1,267 48,247
CommScope, Inc. (a)............. 904 45,417
F5 Networks, Inc. (a)........... 1,255 46,674
Foundry Networks, Inc. (a)...... 1,925 34,207
JDS Uniphase Corp. (a).......... 3,061 45,793

SPDR DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
Polycom, Inc. (a)............... 1,329 $ 35,697
Riverbed Technology, Inc. (a)... 378 15,267
Tellabs, Inc. (a)............... 5,984 56,968
 -----------
 328,270
 -----------
COMPUTERS & PERIPHERALS -- 1.0%
Brocade Communications Systems,
 Inc. (a)...................... 5,809 49,725
Diebold, Inc. .................. 952 43,240
Lexmark International, Inc.
 (a)........................... 1,413 58,682
Western Digital Corp. (a)....... 3,249 82,264
 -----------
 233,911
 -----------
CONSTRUCTION & ENGINEERING -- 1.5%
Aecom Technology Corp. (a)...... 638 22,285
Granite Construction, Inc. ..... 499 26,457
KBR, Inc. (a)................... 2,497 96,809
Quanta Services, Inc. (a)....... 2,534 67,024
The Shaw Group, Inc. (a)........ 1,128 65,537
URS Corp. (a)................... 789 44,539
Washington Group International,
 Inc. (a)...................... 430 37,758
 -----------
 360,409
 -----------
CONSTRUCTION MATERIALS -- 0.5%
Florida Rock Industries, Inc. .. 802 50,117
Martin Marietta Materials,
 Inc. ......................... 618 82,534
 -----------
 132,651
 -----------
CONSUMER FINANCE -- 0.2%
The First Marblehead Corp. ..... 886 33,606
The Student Loan Corp. ......... 58 10,459
 -----------
 44,065
 -----------
CONTAINERS & PACKAGING -- 2.3%
Aptargroup, Inc. ............... 928 35,143
Ball Corp. ..................... 1,521 81,754
Bemis Co., Inc. ................ 1,526 44,422
Crown Holdings, Inc. (a)........ 2,436 55,443
Greif, Inc. (Class A)........... 440 26,699
Owens-Illinois, Inc. (a)........ 2,147 88,993
Packaging Corp. of America...... 1,379 40,088
Pactiv Corp. (a)................ 1,948 55,830
Sealed Air Corp. ............... 2,374 60,679
Smurfit-Stone Container Corp.
 (a)........................... 3,679 42,971
Sonoco Products Co. ............ 1,503 45,361
 -----------
 577,383
 -----------
DIVERSIFIED CONSUMER SERVICES -- 1.3%
Career Education Corp. (a)...... 1,373 38,430
DeVry, Inc. .................... 912 33,753
ITT Educational Services, Inc.
 (a)........................... 606 73,744
Service Corp. International..... 4,283 55,251
Sotheby's Holdings, Inc. ....... 964 46,069
Strayer Education, Inc. ........ 217 36,593
Weight Watchers International,
 Inc. ......................... 526 30,277
 -----------
 314,117
 -----------
DIVERSIFIED FINANCIAL SERVICES -- 0.4%
International Securities
 Exchange Holdings, Inc. ...... 552 36,691
The Nasdaq Stock Market, Inc.
 (a)........................... 1,410 53,129
 -----------
 89,820
 -----------
DIVERSIFIED TELECOMMUNICATION SERVICES -- 0.8%
CenturyTel, Inc. ............... 1,612 74,507
Citizens Communications Co. .... 4,979 71,299
Time Warner Telecom, Inc.
 (Class A) (a)................. 2,161 47,477
 -----------
 193,283
 -----------
ELECTRIC UTILITIES -- 1.3%
DPL, Inc. ...................... 1,638 43,014
Great Plains Energy, Inc. ...... 1,241 35,753
Northeast Utilities............. 2,287 65,340
Pepco Holdings, Inc. ........... 2,837 76,826
Pinnacle West Capital Corp. .... 1,477 58,356
Sierra Pacific Resources........ 3,202 50,367
 -----------
 329,656
 -----------
ELECTRICAL EQUIPMENT -- 1.5%
Acuity Brands, Inc. ............ 631 31,853
AMETEK, Inc. ................... 1,579 68,244
General Cable Corp. (a)......... 781 52,421
Hubbell, Inc. (Class B)......... 815 46,553
Roper Industries, Inc. ......... 1,315 86,133
Sunpower Corp. (Class A) (a).... 543 44,971
Thomas & Betts Corp. (a)........ 849 49,785
 -----------
 379,960
 -----------
ELECTRONIC EQUIPMENT & INSTRUMENTS -- 2.8%
Anixter International, Inc.
 (a)........................... 475 39,164
Arrow Electronics, Inc. (a)..... 1,845 78,449
AVX Corp. ...................... 755 12,156
Dolby Laboratories, Inc. (a).... 633 22,041
FLIR Systems, Inc. (a).......... 988 54,725
Ingram Micro, Inc. (Class A)
 (a)........................... 2,227 43,671
Itron, Inc. (a)................. 446 41,509
Jabil Circuit, Inc. ............ 2,688 61,394
Mettler Toledo International,
 Inc. (a)...................... 551 56,202
Molex, Inc. .................... 2,086 56,176
National Instruments Corp. ..... 869 29,833
Solectron Corp. (a)............. 13,613 53,091
Tektronix, Inc. ................ 1,169 32,428
Trimble Navigation, Ltd. (a).... 1,790 70,186
Vishay Intertechnology, Inc.
 (a)........................... 2,445 31,858
 -----------
 682,883
 -----------
ENERGY EQUIPMENT & SERVICES -- 3.0%
Dresser-Rand Group, Inc. (a).... 1,277 54,541
Exterran Holdings, Inc. (a)..... 982 78,894
FMC Technologies, Inc. (a)...... 1,934 111,514
Global Industries, Ltd. (a)..... 1,303 33,565
Helmerich & Payne, Inc. ........ 1,386 45,502
Hercules Offshore, Inc. (a)..... 1,316 34,361
Oceaneering International, Inc.
 (a)........................... 812 61,550
Patterson-UTI Energy, Inc. ..... 2,271 51,256
Pride International, Inc. (a)... 2,436 89,036
Rowan Cos., Inc. ............... 1,627 59,516
Superior Energy Services, Inc.
 (a)........................... 1,169 41,429
Tidewater, Inc. ................ 833 52,346
Unit Corp. (a).................. 689 33,348
 -----------
 746,858
 -----------
FOOD & STAPLES RETAILING -- 0.1%
Rite Aid Corp. (a).............. 8,035 37,122
 -----------

SPDR DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
FOOD PRODUCTS -- 1.4%
Corn Products International,
 Inc. ......................... 1,073 $ 49,219
Dean Foods Co. ................. 1,930 49,369
Hormel Foods Corp. ............. 1,077 38,535
McCormick & Co., Inc. .......... 1,735 62,408
Pilgrim's Pride Corp. .......... 614 21,324
Seaboard Corp. ................. 5 9,800
Smithfield Foods, Inc. (a)...... 1,870 58,905
The J.M. Smucker Co. ........... 855 45,674
 -----------
 335,234
 -----------
GAS UTILITIES -- 1.4%
AGL Resources, Inc. ............ 1,130 44,771
Atmos Energy Corp. ............. 1,284 36,363
Energen Corp. .................. 945 53,978
National Fuel Gas Co. .......... 1,019 47,699
ONEOK, Inc. .................... 1,446 68,540
Southern Union Co. ............. 1,459 45,390
UGI Corp. ...................... 1,523 39,568
 -----------
 336,309
 -----------
HEALTH CARE EQUIPMENT & SUPPLIES -- 3.5%
Bausch & Lomb, Inc. ............ 788 50,432
Beckman Coulter, Inc. .......... 933 68,818
Cytyc Corp. (a)................. 1,738 82,816
Dentsply International, Inc. ... 2,118 88,194
Edwards Lifesciences Corp. (a).. 848 41,815
Gen-Probe, Inc. (a)............. 755 50,268
Hillenbrand Industries, Inc. ... 860 47,317
Hologic, Inc. (a)............... 804 49,044
IDEXX Laboratories, Inc. (a).... 451 49,425
Immucor, Inc. (a)............... 1,025 36,644
Kinetic Concepts, Inc. (a)...... 766 43,110
Kyphon, Inc. (a)................ 678 47,460
ResMed, Inc. (a)................ 1,105 47,371
Respironics, Inc. (a)........... 1,058 50,816
The Cooper Cos., Inc. .......... 663 34,754
Varian Medical Systems, Inc.
 (a)........................... 1,876 78,586
 -----------
 866,870
 -----------
HEALTH CARE PROVIDERS & SERVICES -- 3.0%
Brookdale Senior Living, Inc. .. 743 29,579
Community Health Systems, Inc.
 (a)........................... 1,387 43,607
DaVita, Inc. (a)................ 1,567 99,003
Henry Schein, Inc. (a).......... 1,315 80,005
Lincare Holdings, Inc. (a)...... 1,271 46,582
Manor Care, Inc. ............... 1,085 69,874
Omnicare, Inc. ................. 1,810 59,965
Patterson Cos., Inc. (a)........ 1,903 73,475
Pediatrix Medical Group, Inc.
 (a)........................... 724 47,364
Sierra Health Services, Inc.
 (a)........................... 759 32,022
Universal Health Services, Inc.
 (Class B)..................... 736 40,053
VCA Antech, Inc. (a)............ 1,208 50,434
WellCare Health Plans, Inc.
 (a)........................... 532 56,089
 -----------
 728,052
 -----------
HEALTH CARE TECHNOLOGY -- 0.7%
Cerner Corp. (a)................ 942 56,341
HLTH Corp. (a).................. 2,702 38,287
IMS Health, Inc. ............... 2,914 89,285
 -----------
 183,913
 -----------
HOTELS, RESTAURANTS & LEISURE -- 2.4%
Boyd Gaming Corp. .............. 826 35,394
Brinker International, Inc. .... 1,566 42,971
Burger King Holdings, Inc. ..... 782 19,933
Chipotle Mexican Grill, Inc.
 (a)........................... 484 57,175
Choice Hotels International,
 Inc. ......................... 522 19,664
Darden Restaurants, Inc. ....... 1,931 80,832
International Speedway Corp.
 (Class A)..................... 504 23,113
Orient-Express Hotels, Ltd.
 (Class A)..................... 577 29,583
Penn National Gaming, Inc. (a).. 1,107 65,335
Scientific Games Corp. (Class A)
 (a)........................... 1,004 37,750
Station Casinos, Inc. .......... 615 53,800
Wendy's International, Inc. .... 1,264 44,126
Wyndham Worldwide Corp. ........ 2,660 87,142
 -----------
 596,818
 -----------
HOUSEHOLD DURABLES -- 2.0%
Centex Corp. ................... 1,741 46,258
D.R. Horton, Inc. .............. 4,070 52,137
KB HOME......................... 1,123 28,142
Leggett & Platt, Inc. .......... 2,584 49,510
Lennar Corp. (Class A).......... 2,046 46,342
NVR, Inc. (a)................... 73 34,328
Pulte Homes, Inc. .............. 3,138 42,708
Snap-on, Inc. .................. 859 42,555
Tempur-Pedic International,
 Inc. ......................... 1,111 39,718
The Stanley Works............... 1,234 69,264
Toll Brothers, Inc. (a)......... 1,949 38,961
 -----------
 489,923
 -----------
HOUSEHOLD PRODUCTS -- 0.6%
Church & Dwight Co., Inc. ...... 952 44,782
Energizer Holdings, Inc. (a).... 848 94,001
 -----------
 138,783
 -----------
INDUSTRIAL CONGLOMERATES -- 0.4%
Carlisle Cos., Inc. ............ 929 45,149
Teleflex, Inc. ................. 565 44,025
 -----------
 89,174
 -----------
INSURANCE -- 4.9%
Alleghany Corp. (a)............. 76 30,856
Allied World Assurance Holdings,
 Ltd. ......................... 496 25,747
American Financial Group,
 Inc. ......................... 1,023 29,176
American National Insurance
 Co. .......................... 226 29,730
Arch Capital Group, Ltd. (a).... 704 52,385
Arthur J. Gallagher & Co. ...... 1,424 41,253
Axis Capital Holdings, Ltd. .... 2,093 81,439
Brown & Brown, Inc. ............ 1,645 43,264
Endurance Specialty Holdings,
 Ltd. ......................... 857 35,608
Erie Indemnity Co. (Class A).... 715 43,708
Fidelity National Financial,
 Inc. ......................... 3,233 56,513
First American Corp. ........... 1,233 45,152
HCC Insurance Holdings, Inc. ... 1,655 47,399
Markel Corp. (a)................ 148 71,632
Mercury General Corp. .......... 383 20,655
Odyssey Re Holdings Corp. ...... 397 14,733
Old Republic International
 Corp. ........................ 3,443 64,522
PartnerRe, Ltd. ................ 845 66,747
Philadelphia Consolidated
 Holding Co. (a)............... 859 35,511
Protective Life Corp. .......... 1,037 44,010
Reinsurance Group America,
 Inc. ......................... 419 23,753
RenaissanceRe Holdings, Ltd. ... 999 65,345

SPDR DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
StanCorp Financial Group,
 Inc. ......................... 776 $ 38,420
Transatlantic Holdings, Inc. ... 383 26,936
Unitrin, Inc. .................. 710 35,209
Wesco Financial Corp. .......... 20 7,960
White Mountains Insurance Group,
 Ltd. ......................... 118 61,330
WR Berkley Corp. ............... 2,438 72,238
 -----------
 1,211,231
 -----------
INTERNET & CATALOG RETAIL -- 0.2%
Priceline.com, Inc. (a)......... 510 45,262
 -----------
INTERNET SOFTWARE & SERVICES -- 0.5%
Akamai Technologies, Inc. (a)... 2,446 70,274
Equinix, Inc. (a)............... 457 40,531
WebMD Health Corp. (Class A)
 (a)........................... 117 6,096
 -----------
 116,901
 -----------
IT SERVICES -- 2.6%
Affiliated Computer Services,
 Inc. (a)...................... 1,383 69,482
Broadridge Financial Solutions,
 Inc. ......................... 2,057 38,980
Ceridian Corp. (a).............. 2,111 73,336
Checkfree Corp. (a)............. 1,057 49,193
Convergys Corp. (a)............. 1,983 34,425
DST Systems, Inc. (a)........... 745 63,928
Gartner, Inc. (a)............... 1,047 25,610
Genpact, Ltd. (a)............... 512 8,678
Global Payments, Inc. .......... 1,207 53,374
Hewitt Associates, Inc. (Class
 A) (a)........................ 1,465 51,348
Iron Mountain, Inc. (a)......... 2,713 82,692
Total System Services, Inc. .... 560 15,557
Unisys Corp. (a)................ 5,127 33,941
VeriFone Holdings, Inc. (a)..... 958 42,468
 -----------
 643,012
 -----------
LEISURE EQUIPMENT & PRODUCTS -- 0.4%
Brunswick Corp. ................ 1,341 30,655
Hasbro, Inc. ................... 2,130 59,385
 -----------
 90,040
 -----------
LIFE SCIENCES TOOLS & SERVICES -- 2.4%
Applera Corp. -- Applied
 Biosystems Group.............. 2,730 94,567
Bio-Rad Laboratories, Inc.
 (Class A) (a)................. 281 25,431
Charles River Laboratories
 International,
 Inc. (a)...................... 1,011 56,768
Covance, Inc. (a)............... 950 74,005
Illumina, Inc. (a).............. 798 41,400
Invitrogen Corp. (a)............ 682 55,740
Millipore Corp. (a)............. 805 61,019
PerkinElmer, Inc. .............. 1,762 51,468
Pharmaceutical Product
 Development, Inc. ............ 1,558 55,216
Techne Corp. (a)................ 556 35,072
Ventana Medical Systems, Inc.
 (a)........................... 519 44,587
 -----------
 595,273
 -----------
MACHINERY -- 4.1%
AGCO Corp. (a).................. 1,365 69,301
Bucyrus International, Inc.
 (Class A)..................... 547 39,893
Crane Co. ...................... 767 36,793
Donaldson Co., Inc. ............ 1,009 42,136
Flowserve Corp. ................ 851 64,829
Graco, Inc. .................... 976 38,171
Harsco Corp. ................... 1,252 74,206
IDEX Corp. ..................... 1,165 42,394
Joy Global, Inc. ............... 1,630 82,902
Kennametal, Inc. ............... 560 47,029
Lincoln Electric Holdings,
 Inc. ......................... 588 45,635
Oshkosh Truck Corp. ............ 1,092 67,671
Pall Corp. ..................... 1,799 69,981
Pentair, Inc. .................. 1,447 48,012
SPX Corp. ...................... 825 76,362
The Manitowoc Co., Inc. ........ 1,869 82,759
The Timken Co. ................. 1,122 41,682
Trinity Industries, Inc. ....... 1,157 43,434
 -----------
 1,013,190
 -----------
MEDIA -- 2.8%
Dow Jones & Co., Inc. .......... 911 54,387
DreamWorks Animation SKG, Inc.
 (Class A) (a)................. 1,093 36,528
Gemstar-TV Guide International,
 Inc. (a)...................... 3,708 25,808
Idearc, Inc. ................... 2,133 67,125
Interactive Data Corp. ......... 529 14,918
John Wiley & Sons, Inc. (Class
 A)............................ 730 32,799
Lamar Advertising Co. .......... 1,055 51,663
Meredith Corp. ................. 560 32,088
Morningstar, Inc. (a)........... 157 9,640
R.H. Donnelley Corp. (a)........ 1,035 57,981
Regal Entertainment Group....... 1,119 24,562
Sirius Satellite Radio, Inc.
 (a)........................... 19,738 68,885
The Interpublic Group of Cos.,
 Inc. (a)...................... 6,899 71,611
The New York Times Co. (Class
 A)............................ 2,084 41,180
Tribune Co. .................... 1,165 31,828
XM Satellite Radio Holdings,
 Inc.
 (Class A) (a)................. 4,510 63,907
 -----------
 684,910
 -----------
METALS & MINING -- 1.8%
AK Steel Holding Corp. (a)...... 1,639 72,034
Carpenter Technology Corp. ..... 390 50,704
Cleveland-Cliffs, Inc. ......... 616 54,190
Commercial Metals Co. .......... 1,768 55,957
Meridian Gold, Inc. (a)......... 1,462 48,392
Reliance Steel & Aluminum Co. .. 897 50,716
Steel Dynamics, Inc. ........... 1,369 63,932
Titanium Metals Corp. (a)....... 1,305 43,796
 -----------
 439,721
 -----------
MULTI-UTILITIES -- 3.2%
Alliant Energy Corp. ........... 1,654 63,381
CenterPoint Energy, Inc. ....... 4,165 66,765
CMS Energy Corp. ............... 3,349 56,330
Energy East Corp. .............. 2,359 63,811
Integrys Energy Group, Inc. .... 1,129 57,839
MDU Resources Group, Inc. ...... 2,509 69,850
NiSource, Inc. ................. 4,080 78,091
NSTAR........................... 1,478 51,449
OGE Energy Corp. ............... 1,327 43,924
Puget Energy, Inc. ............. 1,727 42,260
SCANA Corp. .................... 1,569 60,783
TECO Energy, Inc. .............. 3,020 49,619
Wisconsin Energy Corp. ......... 1,722 77,542
 -----------
 781,644
 -----------
MULTILINE RETAIL -- 0.8%
Big Lots, Inc. (a).............. 1,626 48,520
Dollar Tree Stores, Inc. (a).... 1,456 59,026
Family Dollar Stores, Inc. ..... 2,106 55,935
Saks, Inc. ..................... 1,887 32,362
 -----------
 195,843
 -----------

SPDR DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
OFFICE ELECTRONICS -- 0.2%
Zebra Technologies Corp. (Class
 A) (a)........................ 1,022 $ 37,293
 -----------
OIL, GAS & CONSUMABLE FUELS -- 4.6%
Arch Coal, Inc. ................ 2,109 71,158
Boardwalk Pipeline Partners LP.. 302 9,250
Cabot Oil & Gas Corp. .......... 1,410 49,576
Cheniere Energy Partners LP..... 201 3,704
Cimarex Energy Co. ............. 1,198 44,626
CNX Gas Corp. (a)............... 403 11,594
Continental Resources Inc. (a).. 439 7,963
Denbury Resources, Inc. (a)..... 1,799 80,397
Enbridge Energy Partners LP..... 732 35,744
Enterprise GP Holdings LP....... 154 5,837
Forest Oil Corp. (a)............ 1,161 49,969
Frontier Oil Corp. ............. 1,599 66,582
Helix Energy Solutions Group,
 Inc. (a)...................... 1,209 51,334
Holly Corp. .................... 680 40,684
Kinder Morgan Management LLC
 (a)........................... 925 43,244
Magellan Midstream Partners LP.. 962 38,509
NuStar Energy LP................ 531 31,552
ONEOK Partners LP............... 673 40,017
Overseas Shipholding Group,
 Inc. ......................... 436 33,498
PetroHawk Energy Corp. (a)...... 2,526 41,477
Pioneer Natural Resources Co. .. 1,803 81,099
Plains Exploration & Production
 Co. (a)....................... 1,050 46,431
Pogo Producing Co. ............. 635 33,725
Quicksilver Resources, Inc.
 (a)........................... 795 37,405
Range Resources Corp. .......... 2,212 89,940
Teekay Shipping Corp. .......... 619 36,403
TEPPCO Partners LP.............. 1,059 40,316
Western Refining, Inc. ......... 421 17,084
 -----------
 1,139,118
 -----------
PAPER & FOREST PRODUCTS -- 0.6%
Domtar Corp. (a)................ 6,910 56,662
MeadWestvaco Corp. ............. 2,695 79,583
 -----------
 136,245
 -----------
PERSONAL PRODUCTS -- 0.3%
Herbalife, Ltd. ................ 746 33,913
NBTY, Inc. (a).................. 878 35,647
 -----------
 69,560
 -----------
PHARMACEUTICALS -- 1.1%
Abraxis BioScience, Inc. (a).... 351 8,013
Endo Pharmaceuticals Holdings,
 Inc. (a)...................... 1,985 61,555
King Pharmaceuticals, Inc. (a).. 3,489 40,891
Mylan Laboratories, Inc. ....... 3,705 59,132
Sepracor, Inc. (a).............. 1,542 42,405
Warner Chilcott, Ltd. (a)....... 1,225 21,768
Watson Pharmaceuticals, Inc.
 (a)........................... 1,484 48,082
 -----------
 281,846
 -----------
REAL ESTATE INVESTMENT TRUSTS -- 5.5%
Alexandria Real Estate Equities,
 Inc. ......................... 427 41,103
AMB Property Corp. ............. 1,455 87,024
Annaly Capital Management,
 Inc. ......................... 4,818 76,751
Apartment Investment &
 Management Co. (Class A)...... 1,446 65,258
BRE Properties, Inc. (Class A).. 757 42,339
Camden Property Trust........... 842 54,098
CapitalSource, Inc. ............ 2,090 42,302
Douglas Emmett, Inc. ........... 1,498 37,046
Duke Realty Corp. .............. 2,039 68,939
Essex Property Trust, Inc. ..... 383 45,029
Federal Realty Investment
 Trust......................... 839 74,335
Health Care REIT, Inc. ......... 1,199 53,044
Hospitality Properties Trust.... 1,402 56,991
iStar Financial, Inc. .......... 1,909 64,887
Liberty Property Trust.......... 1,368 55,007
Mack-Cali Realty Corp. ......... 980 40,278
Nationwide Health Properties,
 Inc. ......................... 1,355 40,826
Rayonier, Inc. ................. 1,142 54,862
Realty Income Corp. ............ 1,513 42,288
Regency Centers Corp. .......... 1,031 79,129
Taubman Centers, Inc. .......... 794 43,471
UDR, Inc. ...................... 1,968 47,862
Ventas, Inc. ................... 1,987 82,262
Weingarten Realty Investors..... 1,162 48,176
 -----------
 1,343,307
 -----------
REAL ESTATE MANAGEMENT & DEVELOPMENT -- 0.4%
Jones Lang LaSalle, Inc. ....... 557 57,237
The St. Joe Co. ................ 1,081 36,333
 -----------
 93,570
 -----------
ROAD & RAIL -- 0.8%
J.B. Hunt Transport Services,
 Inc. ......................... 1,505 39,582
Kansas City Southern (a)........ 1,135 36,513
Laidlaw International, Inc. .... 1,150 40,503
Landstar Systems, Inc. ......... 825 34,625
Ryder Systems, Inc. ............ 881 43,169
 -----------
 194,392
 -----------
SEMICONDUCTORS & SEMICONDUCTOR
 EQUIPMENT -- 2.2%
Atmel Corp. (a)................. 6,515 33,617
Cypress Semiconductor Corp.
 (a)........................... 2,278 66,540
Integrated Device Technology,
 Inc. (a)...................... 2,849 44,103
International Rectifier Corp.
 (a)........................... 1,038 34,244
Intersil Corp. (Class A)........ 2,001 66,894
LSI Logic Corp. (a)............. 10,666 79,142
Novellus Systems, Inc. (a)...... 1,826 49,777
ON Semiconductor Corp. (a)...... 4,386 55,088
Teradyne, Inc. (a).............. 2,753 37,991
Varian Semiconductor Equipment
 Associates, Inc. (a).......... 1,139 60,959
 -----------
 528,355
 -----------
SOFTWARE -- 3.8%
Activision, Inc. (a)............ 4,260 91,974
Ansys, Inc. (a)................. 1,155 39,466
BEA Systems, Inc. (a)........... 5,802 80,474
Cadence Design Systems, Inc.
 (a)........................... 4,133 91,711
Compuware Corp. (a)............. 4,700 37,694
Factset Research Systems,
 Inc. ......................... 648 44,421
Jack Henry & Associates, Inc. .. 1,256 32,480
McAfee, Inc. (a)................ 2,372 82,712
MICROS Systems, Inc. (a)........ 605 39,367
NAVTEQ Corp. (a)................ 1,455 113,446
Novell, Inc. (a)................ 5,203 39,751
Nuance Communications, Inc.
 (a)........................... 2,280 44,027
Red Hat, Inc. (a)............... 2,886 57,345
Salesforce.com, Inc. (a)........ 1,454 74,619
Synopsys, Inc. (a).............. 2,152 58,276
 -----------
 927,763
 -----------

SPDR DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
SPECIALTY RETAIL -- 3.3%
Advance Auto Parts, Inc. ....... 1,530 $ 51,347
American Eagle Outfitters,
 Inc. ......................... 2,808 73,878
AutoNation, Inc. (a)............ 2,200 38,984
Barnes & Noble, Inc. ........... 771 27,185
CarMax, Inc. (a)................ 3,220 65,463
Chico's FAS, Inc. (a)........... 2,535 35,617
Dick's Sporting Goods, Inc.
 (a)........................... 610 40,961
Foot Locker, Inc. .............. 2,269 34,784
Guess ?, Inc. .................. 809 39,665
J. Crew Group, Inc. (a)......... 631 26,187
Mens Wearhouse, Inc. ........... 726 36,678
O'Reilly Automotive, Inc. (a)... 1,697 56,697
OfficeMax, Inc. ................ 1,080 37,012
PetSmart, Inc. ................. 2,021 64,470
RadioShack Corp. ............... 2,067 42,704
Ross Stores, Inc. .............. 2,013 51,613
Urban Outfitters, Inc. (a)...... 1,703 37,125
Williams-Sonoma, Inc. .......... 1,315 42,895
 -----------
 803,265
 -----------
TEXTILES, APPAREL & LUXURY GOODS -- 1.0%
CROCS, Inc. (a)................. 1,128 75,858
Hanesbrands, Inc. (a)........... 1,392 39,060
Liz Claiborne, Inc. ............ 1,508 51,770
Phillips-Van Heusen Corp. ...... 801 42,036
Under Armour, Inc. (Class A)
 (a)........................... 439 26,261
 -----------
 234,985
 -----------
THRIFTS & MORTGAGE FINANCE -- 1.2%
Astoria Financial Corp. ........ 1,308 34,701
Capitol Federal Financial....... 301 10,294
MGIC Investment Corp. .......... 1,198 38,707
New York Community Bancorp,
 Inc. ......................... 4,236 80,696
People's United Financial,
 Inc. ......................... 1,858 32,106
TFS Financial Corp. (a)......... 1,446 18,711
The PMI Group, Inc. ............ 1,254 41,006
Washington Federal, Inc. ....... 1,290 33,876
 -----------
 290,097
 -----------
TRADING COMPANIES & DISTRIBUTORS -- 0.4%
GATX Corp. ..................... 683 29,198
MSC Industrial Direct Co., Inc.
 (Class A)..................... 664 33,592
United Rentals, Inc. (a)........ 1,066 34,293
 -----------
 97,083
 -----------
WATER UTILITIES -- 0.2%
Aqua America, Inc. ............. 1,913 43,387
 -----------
WIRELESS TELECOMMUNICATION SERVICES -- 0.5%
Clearwire Corp. (Class A) (a)... 1,055 25,784
Leap Wireless International,
 Inc. (a)...................... 733 59,644
SBA Communications Corp. (a).... 1,398 49,322
 -----------
 134,750
 -----------
TOTAL COMMON STOCKS --
 (Cost $22,111,284)............ 24,536,753
 -----------
SHORT TERM INVESTMENT -- 0.3%
MONEY MARKET FUND -- 0.3%
STIC Prime Portfolio
 (Cost $80,347)................ 80,347 80,347
 -----------
TOTAL INVESTMENTS -- 100.2%
 (Cost $22,191,631)............ 24,617,100
OTHER ASSETS AND
 LIABILITIES -- (0.2)%......... (56,003)
 -----------
NET ASSETS -- 100.0%............ $24,561,097
 ===========

(a) Non-income producing security

SPDR(R) DJ WILSHIRE MID CAP GROWTH ETF
SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
COMMON STOCKS -- 99.7%
AEROSPACE & DEFENSE -- 1.2%
Alliant Techsystems, Inc. (a)... 1,184 $ 129,411
BE Aerospace, Inc. (a).......... 3,230 134,142
Spirit Aerosystems Holdings,
 Inc. (a)...................... 3,601 140,223
 -----------
 403,776
 -----------
AIR FREIGHT & LOGISTICS -- 0.2%
UTI Worldwide, Inc. ............ 2,981 68,503
 -----------
AIRLINES -- 2.4%
AMR Corp. (a)................... 8,097 180,482
Continental Airlines, Inc.
 (Class B) (a)................. 3,464 114,416
Delta Air Lines, Inc. (a)....... 8,420 151,139
Northwest Airlines Corp. (a).... 6,868 122,251
UAL Corp. (a)................... 4,055 188,679
US Airways Group, Inc. (a)...... 2,961 77,726
 -----------
 834,693
 -----------
AUTO COMPONENTS -- 1.5%
BorgWarner, Inc. ............... 2,036 186,355
Gentex Corp. ................... 5,025 107,736
The Goodyear Tire & Rubber Co.
 (a)........................... 7,387 224,639
 -----------
 518,730
 -----------
AUTOMOBILES -- 0.2%
Thor Industries, Inc. .......... 1,332 59,927
 -----------
BEVERAGES -- 0.9%
Constellation Brands, Inc.
 (Class A) (a)................. 6,746 163,320
Hansen Natural Corp. (a)........ 2,526 143,174
 -----------
 306,494
 -----------
BIOTECHNOLOGY -- 1.8%
Cephalon, Inc. (a).............. 2,375 173,518
ImClone Systems, Inc. (a)....... 2,157 89,170
Millennium Pharmaceuticals, Inc.
 (a)........................... 11,231 113,995
PDL BioPharma, Inc. (a)......... 4,088 88,342
Vertex Pharmaceuticals, Inc.
 (a)........................... 4,591 176,340
 -----------
 641,365
 -----------
CAPITAL MARKETS -- 1.8%
Affiliated Managers Group, Inc.
 (a)........................... 1,045 133,248
Eaton Vance Corp. .............. 4,436 177,263
Nuveen Investments, Inc. ....... 2,776 171,945
SEI Investments Co. ............ 4,976 135,745
 -----------
 618,201
 -----------
CHEMICALS -- 1.4%
Celanese Corp. ................. 5,236 204,099
Huntsman Corp. ................. 3,258 86,305
Nalco Holding Co. .............. 5,065 150,177
Rockwood Holdings, Inc. (a)..... 1,260 45,146
 -----------
 485,727
 -----------
COMMERCIAL SERVICES & SUPPLIES -- 4.6%
Allied Waste Industries, Inc.
 (a)........................... 10,034 127,933
ChoicePoint, Inc. (a)........... 2,637 99,995
Cintas Corp. ................... 4,803 178,191
Copart, Inc. (a)................ 2,410 82,880
Corrections Corp. of America
 (a)........................... 4,380 114,625
Covanta Holding Corp. (a)....... 3,860 94,609
Dun & Bradstreet Corp. ......... 2,065 203,630
IHS, Inc. (a)................... 1,048 59,201
Monster Worldwide, Inc. (a)..... 4,170 142,030
Robert Half International,
 Inc. ......................... 5,752 171,755
Steelcase, Inc. (Class A)....... 2,243 40,329
Stericycle, Inc. (a)............ 3,096 176,967
The Corporate Executive Board
 Co. .......................... 1,269 94,211
 -----------
 1,586,356
 -----------
COMMUNICATIONS EQUIPMENT -- 1.9%
CIENA Corp. (a)................. 2,984 113,631
CommScope, Inc. (a)............. 2,130 107,011
F5 Networks, Inc. (a)........... 2,963 110,194
Foundry Networks, Inc. (a)...... 4,534 80,569
JDS Uniphase Corp. (a).......... 7,410 110,854
Polycom, Inc. (a)............... 3,289 88,343
Riverbed Technology, Inc. (a)... 891 35,987
 -----------
 646,589
 -----------
COMPUTERS & PERIPHERALS -- 1.6%
Brocade Communications Systems,
 Inc. (a)...................... 14,377 123,067
Diebold, Inc. .................. 2,356 107,009
Lexmark International, Inc.
 (a)........................... 3,318 137,797
Western Digital Corp. (a)....... 7,743 196,053
 -----------
 563,926
 -----------
CONSTRUCTION & ENGINEERING -- 1.3%
Aecom Technology Corp. (a)...... 1,504 52,535
KBR, Inc. (a)................... 5,882 228,045
Quanta Services, Inc. (a)....... 5,968 157,853
 -----------
 438,433
 -----------
CONSTRUCTION MATERIALS -- 0.9%
Florida Rock Industries, Inc. .. 1,941 121,293
Martin Marietta Materials,
 Inc. ......................... 1,466 195,784
 -----------
 317,077
 -----------
CONSUMER FINANCE -- 0.2%
The First Marblehead Corp. ..... 2,117 80,298
 -----------
CONTAINERS & PACKAGING -- 1.9%
Ball Corp. ..................... 3,582 192,532
Crown Holdings, Inc. (a)........ 5,720 130,187
Greif, Inc. (Class A)........... 1,073 65,110
Pactiv Corp. (a)................ 4,575 131,120
Sealed Air Corp. ............... 5,657 144,593
 -----------
 663,542
 -----------
DIVERSIFIED CONSUMER SERVICES -- 1.8%
Career Education Corp. (a)...... 3,200 89,568
DeVry, Inc. .................... 2,147 79,460
ITT Educational Services, Inc.
 (a)........................... 1,428 173,773
Sotheby's Holdings, Inc. ....... 2,334 111,542
Strayer Education, Inc. ........ 511 86,170
Weight Watchers International,
 Inc. ......................... 1,301 74,886
 -----------
 615,399
 -----------
DIVERSIFIED FINANCIAL SERVICES -- 0.6%
International Securities
 Exchange Holdings, Inc. ...... 1,301 86,477
The Nasdaq Stock Market, Inc.
 (a)........................... 3,410 128,489
 -----------
 214,966
 -----------
DIVERSIFIED TELECOMMUNICATION SERVICES -- 0.3%
Time Warner Telecom, Inc. (Class
 A) (a)........................ 5,119 112,464
 -----------
ELECTRICAL EQUIPMENT -- 1.9%
Acuity Brands, Inc. ............ 1,571 79,304
AMETEK, Inc. ................... 3,720 160,778
General Cable Corp. (a)......... 1,834 123,098

SPDR DJ WILSHIRE MID CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
Roper Industries, Inc. ......... 3,098 $ 202,919
Sunpower Corp. (Class A) (a).... 1,279 105,927
 -----------
 672,026
 -----------
ELECTRONIC EQUIPMENT & INSTRUMENTS -- 2.8%
Arrow Electronics, Inc. (a)..... 4,345 184,749
Dolby Laboratories, Inc. (a).... 1,577 54,911
FLIR Systems, Inc. (a).......... 2,326 128,837
Itron, Inc. (a)................. 1,051 97,817
Jabil Circuit, Inc. ............ 6,320 144,349
Mettler Toledo International,
 Inc. (a)...................... 1,304 133,008
National Instruments Corp. ..... 2,047 70,274
Trimble Navigation, Ltd. (a).... 4,201 164,721
 -----------
 978,666
 -----------
ENERGY EQUIPMENT & SERVICES -- 4.2%
Dresser-Rand Group, Inc. (a).... 2,998 128,044
FMC Technologies, Inc. (a)...... 4,556 262,699
Global Industries, Ltd. (a)..... 3,068 79,032
Helmerich & Payne, Inc. ........ 3,433 112,705
Hercules Offshore, Inc. (a)..... 3,100 80,941
Oceaneering International, Inc.
 (a)........................... 1,912 144,930
Patterson-UTI Energy, Inc. ..... 5,498 124,090
Pride International, Inc. (a)... 5,814 212,502
Rowan Cos., Inc. ............... 3,877 141,821
Superior Energy Services, Inc.
 (a)........................... 2,830 100,295
Unit Corp. (a).................. 1,623 78,553
 -----------
 1,465,612
 -----------
FOOD & STAPLES RETAILING -- 0.3%
Rite Aid Corp. (a).............. 18,925 87,434
 -----------
FOOD PRODUCTS -- 0.4%
Dean Foods Co. ................. 4,546 116,287
Seaboard Corp. ................. 13 25,480
 -----------
 141,767
 -----------
GAS UTILITIES -- 0.5%
ONEOK, Inc. .................... 3,405 161,397
 -----------
HEALTH CARE EQUIPMENT & SUPPLIES -- 5.4%
Bausch & Lomb, Inc. ............ 1,906 121,984
Beckman Coulter, Inc. .......... 2,198 162,124
Cytyc Corp. (a)................. 4,147 197,604
Dentsply International, Inc. ... 4,990 207,784
Edwards Lifesciences Corp. (a).. 2,100 103,551
Gen-Probe, Inc. (a)............. 1,827 121,642
Hologic, Inc. (a)............... 1,899 115,839
IDEXX Laboratories, Inc. (a).... 1,093 119,782
Immucor, Inc. (a)............... 2,415 86,336
Kinetic Concepts, Inc. (a)...... 1,854 104,343
Kyphon, Inc. (a)................ 1,598 111,860
ResMed, Inc. (a)................ 2,733 117,164
Respironics, Inc. (a)........... 2,561 123,005
Varian Medical Systems, Inc.
 (a)........................... 4,420 185,154
 -----------
 1,878,172
 -----------
HEALTH CARE PROVIDERS & SERVICES -- 5.0%
Brookdale Senior Living, Inc. .. 1,848 73,569
Community Health Systems, Inc.
 (a)........................... 3,359 105,607
DaVita, Inc. (a)................ 3,692 233,260
Henry Schein, Inc. (a).......... 3,097 188,421
Lincare Holdings, Inc. (a)...... 3,031 111,086
Manor Care, Inc. ............... 2,584 166,410
Omnicare, Inc. ................. 4,250 140,802
Patterson Cos., Inc. (a)........ 4,534 175,058
Pediatrix Medical Group, Inc.
 (a)........................... 1,698 111,083
Sierra Health Services, Inc.
 (a)........................... 1,788 75,436
Universal Health Services, Inc.
 (Class B)..................... 1,821 99,099
VCA Antech, Inc. (a)............ 2,988 124,749
WellCare Health Plans, Inc.
 (a)........................... 1,244 131,155
 -----------
 1,735,735
 -----------
HEALTH CARE TECHNOLOGY -- 1.2%
Cerner Corp. (a)................ 2,212 132,300
HLTH Corp. (a).................. 6,365 90,192
IMS Health, Inc. ............... 6,865 210,343
 -----------
 432,835
 -----------
HOTELS, RESTAURANTS & LEISURE -- 4.0%
Boyd Gaming Corp. .............. 2,056 88,100
Brinker International, Inc. .... 3,689 101,226
Burger King Holdings, Inc. ..... 1,939 49,425
Chipotle Mexican Grill, Inc.
 (a)........................... 1,140 134,668
Choice Hotels International,
 Inc. ......................... 1,301 49,009
Darden Restaurants, Inc. ....... 4,549 190,421
Orient-Express Hotels, Ltd.
 (Class A)..................... 1,439 73,778
Penn National Gaming, Inc. (a).. 2,607 153,865
Scientific Games Corp. (Class A)
 (a)........................... 2,471 92,910
Station Casinos, Inc. .......... 1,487 130,083
Wendy's International, Inc. .... 3,061 106,859
Wyndham Worldwide Corp. ........ 6,266 205,274
 -----------
 1,375,618
 -----------
HOUSEHOLD DURABLES -- 1.5%
D.R. Horton, Inc. .............. 9,587 122,809
Lennar Corp. (Class A).......... 4,819 109,150
Pulte Homes, Inc. .............. 7,391 100,592
Tempur-Pedic International,
 Inc. ......................... 2,616 93,522
Toll Brothers, Inc. (a)......... 4,816 96,272
 -----------
 522,345
 -----------
HOUSEHOLD PRODUCTS -- 1.0%
Church & Dwight Co., Inc. ...... 2,306 108,474
Energizer Holdings, Inc. (a).... 1,998 221,479
 -----------
 329,953
 -----------
INSURANCE -- 2.3%
Arch Capital Group, Ltd. (a).... 1,659 123,446
Axis Capital Holdings, Ltd. .... 4,911 191,087
Brown & Brown, Inc. ............ 4,070 107,041
HCC Insurance Holdings, Inc. ... 3,932 112,613
Philadelphia Consolidated
 Holding Co. (a)............... 2,141 88,509
WR Berkley Corp. ............... 5,742 170,135
 -----------
 792,831
 -----------
INTERNET & CATALOG RETAIL -- 0.3%
Priceline.com, Inc. (a)......... 1,202 106,677
 -----------
INTERNET SOFTWARE & SERVICES -- 0.8%
Akamai Technologies, Inc. (a)... 5,761 165,513
Equinix, Inc. (a)............... 1,072 95,076
WebMD Health Corp. (Class A)
 (a)........................... 290 15,109
 -----------
 275,698
 -----------
IT SERVICES -- 3.9%
Affiliated Computer Services,
 Inc. (a)...................... 3,296 165,591
Broadridge Financial Solutions,
 Inc. ......................... 4,845 91,813
Ceridian Corp. (a).............. 5,031 174,777
Checkfree Corp. (a)............. 2,558 119,049

SPDR DJ WILSHIRE MID CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
DST Systems, Inc. (a)........... 1,775 $ 152,313
Gartner, Inc. (a)............... 2,482 60,710
Genpact Ltd (a)................. 1,270 21,526
Global Payments, Inc. .......... 2,857 126,336
Hewitt Associates, Inc. (Class
 A) (a)........................ 3,453 121,028
Iron Mountain, Inc. (a)......... 6,389 194,737
Total System Services, Inc. .... 1,319 36,642
VeriFone Holdings, Inc. (a)..... 2,382 105,594
 -----------
 1,370,116
 -----------
LIFE SCIENCES TOOLS & SERVICES -- 3.7%
Applera Corp. -- Applied
 Biosystems Group.............. 6,430 222,735
Bio-Rad Laboratories, Inc.
 (Class A) (a)................. 662 59,911
Charles River Laboratories
 International,
 Inc. (a)...................... 2,400 134,760
Covance, Inc. (a)............... 2,237 174,262
Illumina, Inc. (a).............. 1,881 97,586
Invitrogen Corp. (a)............ 1,625 132,811
Millipore Corp. (a)............. 1,892 143,414
Pharmaceutical Product
 Development, Inc. ............ 3,658 129,640
Techne Corp. (a)................ 1,309 82,572
Ventana Medical Systems, Inc.
 (a)........................... 1,222 104,982
 -----------
 1,282,673
 -----------
MACHINERY -- 3.3%
Bucyrus International, Inc.
 (Class A)..................... 1,288 93,934
Donaldson Co., Inc. ............ 2,450 102,312
Flowserve Corp. ................ 2,001 152,436
Graco, Inc. .................... 2,291 89,601
Harsco Corp. ................... 2,949 174,787
Joy Global, Inc. ............... 3,839 195,251
Oshkosh Truck Corp. ............ 2,573 159,449
The Manitowoc Co., Inc. ........ 4,402 194,921
 -----------
 1,162,691
 -----------
MEDIA -- 2.6%
Dow Jones & Co., Inc. .......... 2,157 128,773
Gemstar-TV Guide International,
 Inc. (a)...................... 8,735 60,796
Interactive Data Corp. ......... 1,246 35,137
John Wiley & Sons, Inc. (Class
 A)............................ 1,720 77,280
Lamar Advertising Co. .......... 2,486 121,739
Morningstar, Inc. (a)........... 370 22,718
R.H. Donnelley Corp. (a)........ 2,468 138,257
Sirius Satellite Radio, Inc.
 (a)........................... 46,491 162,254
XM Satellite Radio Holdings,
 Inc.
 (Class A) (a)................. 10,725 151,973
 -----------
 898,927
 -----------
METALS & MINING -- 1.1%
AK Steel Holding Corp. (a)...... 3,862 169,735
Meridian Gold, Inc. (a)......... 3,537 117,075
Titanium Metals Corp. (a)....... 3,074 103,163
 -----------
 389,973
 -----------
MULTILINE RETAIL -- 0.8%
Dollar Tree Stores, Inc. (a).... 3,421 138,687
Family Dollar Stores, Inc. ..... 4,818 127,966
 -----------
 266,653
 -----------
OFFICE ELECTRONICS -- 0.3%
Zebra Technologies Corp. (Class
 A) (a)........................ 2,496 91,079
 -----------
OIL, GAS & CONSUMABLE FUELS -- 5.6%
Arch Coal, Inc. ................ 5,023 169,476
Cabot Oil & Gas Corp. .......... 3,485 122,533
Cimarex Energy Co. ............. 2,900 108,025
CNX Gas Corp. (a)............... 1,009 29,029
Continental Resources Inc. (a).. 1,035 18,775
Denbury Resources, Inc. (a)..... 4,238 189,396
Enterprise GP Holdings LP....... 382 14,478
Frontier Oil Corp. ............. 3,759 156,525
Helix Energy Solutions Group,
 Inc. (a)...................... 2,927 124,280
Holly Corp. .................... 1,612 96,446
Kinder Morgan Management LLC
 (a)........................... 2,141 100,092
Petrohawk Energy Corp. (a)...... 5,951 97,715
Pioneer Natural Resources Co. .. 4,302 193,504
Plains Exploration & Production
 Co. (a)....................... 2,593 114,662
Pogo Producing Co. ............. 1,495 79,399
Quicksilver Resources, Inc.
 (a)........................... 1,980 93,159
Range Resources Corp. .......... 5,210 211,839
Western Refining, Inc. ......... 991 40,215
 -----------
 1,959,548
 -----------
PAPER & FOREST PRODUCTS -- 0.4%
Domtar Corp. (a)................ 16,276 133,463
 -----------
PERSONAL PRODUCTS -- 0.5%
Herbalife, Ltd. ................ 1,782 81,010
NBTY, Inc. (a).................. 2,172 88,183
 -----------
 169,193
 -----------
PHARMACEUTICALS -- 1.3%
Abraxis BioScience, Inc. (a).... 869 19,839
Endo Pharmaceuticals Holdings,
 Inc. (a)...................... 4,675 144,972
Mylan Laboratories, Inc. ....... 8,726 139,267
Sepracor, Inc. (a).............. 3,734 102,685
Warner Chilcott, Ltd. (a)....... 3,038 53,985
 -----------
 460,748
 -----------
REAL ESTATE INVESTMENT TRUSTS-- 1.5%
Camden Property Trust........... 1,977 127,022
CapitalSource, Inc. ............ 4,982 100,836
Taubman Centers, Inc. .......... 1,881 102,985
Ventas, Inc. ................... 4,680 193,752
 -----------
 524,595
 -----------
REAL ESTATE MANAGEMENT & DEVELOPMENT -- 0.7%
Jones Lang LaSalle, Inc. ....... 1,334 137,082
The St. Joe Co. ................ 2,677 89,974
 -----------
 227,056
 -----------
ROAD & RAIL -- 0.5%
J.B. Hunt Transport Services,
 Inc. ......................... 3,490 91,787
Landstar Systems, Inc. ......... 1,953 81,967
 -----------
 173,754
 -----------
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT -- 3.6%
Atmel Corp. (a)................. 16,227 83,731
Cypress Semiconductor Corp.
 (a)........................... 5,357 156,478
Integrated Device Technology,
 Inc. (a)...................... 6,716 103,964
International Rectifier Corp.
 (a)........................... 2,579 85,081
Intersil Corp. (Class A)........ 4,704 157,255
LSI Logic Corp. (a)............. 25,123 186,413
Novellus Systems, Inc. (a)...... 4,344 118,417
ON Semiconductor Corp. (a)...... 10,298 129,343
Teradyne, Inc. (a).............. 6,447 88,969
Varian Semiconductor Equipment
 Associates, Inc. (a).......... 2,683 143,594
 -----------
 1,253,245
 -----------

SPDR DJ WILSHIRE MID CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
SOFTWARE -- 5.2%
Activision, Inc. (a)............ 10,088 $ 217,800
Ansys, Inc. (a)................. 2,720 92,942
BEA Systems, Inc. (a)........... 13,667 189,561
Factset Research Systems,
 Inc. ......................... 1,610 110,366
Jack Henry & Associates, Inc. .. 2,959 76,520
McAfee, Inc. (a)................ 5,587 194,819
MICROS Systems, Inc. (a)........ 1,425 92,725
NAVTEQ Corp. (a)................ 3,426 267,125
Nuance Communications, Inc.
 (a)........................... 5,371 103,714
Red Hat, Inc. (a)............... 6,778 134,679
Salesforce.com, Inc. (a)........ 3,426 175,822
Synopsys, Inc. (a).............. 5,054 136,862
 -----------
 1,792,935
 -----------
SPECIALTY RETAIL -- 4.5%
Advance Auto Parts, Inc. ....... 3,587 120,380
American Eagle Outfitters,
 Inc. ......................... 6,615 174,040
AutoNation, Inc. (a)............ 5,219 92,481
CarMax, Inc. (a)................ 7,586 154,223
Chico's FAS, Inc. (a)........... 6,295 88,445
Dick's Sporting Goods, Inc.
 (a)........................... 1,448 97,233
Guess ?, Inc. .................. 1,917 93,990
J. Crew Group, Inc. (a)......... 1,486 61,669
Mens Wearhouse, Inc. ........... 1,750 88,410
O'Reilly Automotive, Inc. (a)... 3,987 133,206
PetSmart, Inc. ................. 4,761 151,876
Ross Stores, Inc. .............. 4,875 124,995
Urban Outfitters, Inc. (a)...... 4,220 91,996
Williams-Sonoma, Inc. .......... 3,119 101,742
 -----------
 1,574,686
 -----------
TEXTILES, APPAREL & LUXURY GOODS -- 1.0%
CROCS, Inc. (a)................. 2,658 178,751
Liz Claiborne, Inc. ............ 3,588 123,176
Under Armour, Inc. (Class A)
 (a)........................... 1,033 61,794
 -----------
 363,721
 -----------
TRADING COMPANIES & DISTRIBUTORS -- 0.2%
MSC Industrial Direct Co., Inc.
 (Class A)..................... 1,650 83,474
 -----------
WIRELESS TELECOMMUNICATION SERVICES -- 0.9%
Clearwire Corp. (Class A) (a)... 2,484 60,709
Leap Wireless International,
 Inc. (a)...................... 1,722 140,119
SBA Communications Corp. (a).... 3,384 119,388
 -----------
 320,216
 -----------
TOTAL COMMON STOCKS --
 (Cost $33,436,191)............ 34,631,978
 -----------
SHORT TERM INVESTMENTS -- 0.0% (b)
MONEY MARKET FUND -- 0.0% (b)
STIC Prime Portfolio
 (Cost $100)................... 100 100
 -----------
TOTAL INVESTMENTS -- 99.7%
 (Cost $33,436,291)............ 34,632,078
OTHER ASSETS AND
 LIABILITIES -- 0.3%........... 115,788
 -----------
NET ASSETS -- 100.0%............ $34,747,866
 ===========

(a) Non-income producing security
(b) Amount shown represents less than 0.05% of net assets.

SPDR(R) DJ WILSHIRE MID CAP VALUE ETF
SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- -----------
COMMON STOCKS -- 100.2%
AUTO COMPONENTS -- 0.6%
TRW Automotive Holdings Corp.
 (a).......................... 1,397 $ 44,257
WABCO Holdings, Inc. .......... 1,493 69,798
 -----------
 114,055
 -----------
BEVERAGES -- 0.3%
PepsiAmericas, Inc. ........... 1,699 55,116
 -----------
BUILDING PRODUCTS -- 1.1%
Lennox International, Inc. .... 1,688 57,054
Owens Corning, Inc. (a)........ 2,329 58,342
USG Corp. (a).................. 1,907 71,608
 -----------
 187,004
 -----------
CAPITAL MARKETS -- 3.2%
Federated Investors, Inc. ..... 2,596 103,061
Janus Capital Group, Inc. ..... 4,685 132,492
Jefferies Group, Inc. ......... 2,843 79,121
MF Global Ltd (a).............. 2,565 74,385
Raymond James Financial,
 Inc. ........................ 2,526 82,979
The Blackstone Group LP (a).... 3,896 97,711
 -----------
 569,749
 -----------
CHEMICALS -- 7.1%
Airgas, Inc. .................. 1,887 97,426
Albemarle Corp. ............... 2,064 91,229
Ashland, Inc. ................. 1,498 90,195
Cabot Corp. ................... 1,604 56,990
CF Industries Holdings, Inc. .. 1,326 100,657
Cytec Industries, Inc. ........ 1,101 75,297
Eastman Chemical Co. .......... 2,245 149,809
FMC Corp. ..................... 1,934 100,607
Hercules, Inc. ................ 3,062 64,363
International Flavors &
 Fragrances, Inc. ............ 2,206 116,609
Lubrizol Corp. ................ 1,853 120,556
RPM International, Inc. ....... 3,194 76,496
The Scotts Miracle-Gro Co.
 (Class A).................... 1,130 48,308
Valhi, Inc. ................... 291 6,911
Valspar Corp. ................. 2,487 67,671
 -----------
 1,263,124
 -----------
COMMERCIAL BANKS -- 5.8%
Associated Bancorp............. 3,186 94,401
Bank of Hawaii Corp. .......... 1,309 69,181
BOK Financial Corp. ........... 593 30,486
City National Corp. ........... 1,058 73,542
Commerce Bancshares, Inc. ..... 1,751 80,353
Cullen/Frost Bankers, Inc. .... 1,577 79,039
First Horizon National Corp. .. 3,359 89,551
Fulton Financial Corp. ........ 4,565 65,645
PNC Financial Services Group,
 Inc. ........................ 1 68
Popular, Inc. ................. 6,717 82,485
TCF Financial Corp. ........... 3,159 82,703
The Colonial BancGroup, Inc. .. 4,120 89,074
Valley National Bancorp........ 3,189 70,732
Webster Financial Corp. ....... 1,434 60,400
Wilmington Trust Corp. ........ 1,796 69,864
 -----------
 1,037,524
 -----------
COMMERCIAL SERVICES & SUPPLIES -- 0.3%
The Brink's Co. ............... 1,077 60,183
 -----------
COMMUNICATIONS EQUIPMENT -- 0.6%
Tellabs, Inc. (a).............. 10,709 101,950
 -----------
CONSTRUCTION & ENGINEERING -- 1.7%
Granite Construction, Inc. .... 907 48,089
The Shaw Group, Inc. (a)....... 2,020 117,362
URS Corp. (a).................. 1,395 78,748
Washington Group International,
 Inc. (a)..................... 760 66,735
 -----------
 310,934
 -----------
CONSUMER FINANCE -- 0.1%
The Student Loan Corp. ........ 105 18,934
 -----------
CONTAINERS & PACKAGING -- 3.0%
Aptargroup, Inc. .............. 1,686 63,849
Bemis Co., Inc. ............... 2,690 78,306
Owens-Illinois, Inc. (a)....... 3,849 159,541
Packaging Corp. of America..... 2,451 71,251
Smurfit-Stone Container Corp.
 (a).......................... 6,684 78,069
Sonoco Products Co. ........... 2,658 80,218
 -----------
 531,234
 -----------
DIVERSIFIED CONSUMER SERVICES -- 0.6%
Service Corp. International.... 7,676 99,020
 -----------
DIVERSIFIED TELECOMMUNICATION SERVICES -- 1.5%
CenturyTel, Inc. .............. 2,891 133,622
Citizens Communications Co. ... 9,040 129,453
 -----------
 263,075
 -----------
ELECTRIC UTILITIES -- 3.3%
DPL, Inc. ..................... 2,976 78,150
Great Plains Energy, Inc. ..... 2,263 65,197
Northeast Utilities............ 4,103 117,222
Pepco Holdings, Inc. .......... 5,150 139,462
Pinnacle West Capital Corp. ... 2,651 104,741
Sierra Pacific Resources....... 5,908 92,933
 -----------
 597,705
 -----------
ELECTRICAL EQUIPMENT -- 1.0%
Hubbell, Inc. (Class B)........ 1,472 84,081
Thomas & Betts Corp. (a)....... 1,567 91,889
 -----------
 175,970
 -----------
ELECTRONIC EQUIPMENT & INSTRUMENTS -- 2.7%
Anixter International, Inc.
 (a).......................... 845 69,670
AVX Corp. ..................... 1,390 22,379
Ingram Micro, Inc. (Class A)
 (a).......................... 3,916 76,793
Molex, Inc. ................... 3,732 100,503
Solectron Corp. (a)............ 24,069 93,869
Tektronix, Inc. ............... 1,997 55,397
Vishay Intertechnology, Inc.
 (a).......................... 4,496 58,583
 -----------
 477,194
 -----------
ENERGY EQUIPMENT & SERVICES -- 1.3%
Exterran Holdings, Inc. (a).... 1,761 141,479
Tidewater, Inc. ............... 1,491 93,694
 -----------
 235,173
 -----------
FOOD PRODUCTS -- 2.8%
Corn Products International,
 Inc. ........................ 1,979 90,777
Hormel Foods Corp. ............ 1,956 69,986
McCormick & Co., Inc. ......... 3,106 111,723
Pilgrim's Pride Corp. ......... 1,085 37,682
Smithfield Foods, Inc. (a)..... 3,347 105,430
The J.M. Smucker Co. .......... 1,505 80,397
 -----------
 495,995
 -----------

SPDR DJ WILSHIRE MID CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- -----------
GAS UTILITIES -- 2.7%
AGL Resources, Inc. ........... 2,053 $ 81,340
Atmos Energy Corp. ............ 2,333 66,070
Energen Corp. ................. 1,743 99,560
National Fuel Gas Co. ......... 1,851 86,645
Southern Union Co. ............ 2,651 82,473
UGI Corp. ..................... 2,765 71,835
 -----------
 487,923
 -----------
HEALTH CARE EQUIPMENT & SUPPLIES -- 0.8%
Hillenbrand Industries, Inc. .. 1,535 84,456
The Cooper Cos., Inc. ......... 1,172 61,436
 -----------
 145,892
 -----------
HOTELS, RESTAURANTS & LEISURE -- 0.2%
International Speedway Corp.
 (Class A).................... 912 41,824
 -----------
HOUSEHOLD DURABLES -- 2.7%
Centex Corp. .................. 3,164 84,067
KB HOME........................ 2,040 51,122
Leggett & Platt, Inc. ......... 4,542 87,025
NVR, Inc. (a).................. 130 61,132
Snap-on, Inc. ................. 1,529 75,747
The Stanley Works.............. 2,213 124,216
 -----------
 483,309
 -----------
INDUSTRIAL CONGLOMERATES -- 0.9%
Carlisle Cos., Inc. ........... 1,643 79,850
Teleflex, Inc. ................ 1,027 80,024
 -----------
 159,874
 -----------
INSURANCE -- 8.8%
Alleghany Corp. (a)............ 138 56,028
Allied World Assurance
 Holdings, Ltd. .............. 912 47,342
American Financial Group,
 Inc. ........................ 1,860 53,047
American National Insurance
 Co. ......................... 414 54,462
Arthur J. Gallagher & Co. ..... 2,510 72,715
Endurance Specialty Holdings,
 Ltd. ........................ 1,524 63,322
Erie Indemnity Co. (Class A)... 1,249 76,351
Fidelity National Financial,
 Inc. ........................ 5,870 102,608
First American Corp. .......... 2,208 80,857
Markel Corp. (a)............... 266 128,744
Mercury General Corp. ......... 693 37,373
Odyssey Re Holdings Corp. ..... 745 27,647
Old Republic International
 Corp. ....................... 6,177 115,757
PartnerRe, Ltd. ............... 1,516 119,749
Protective Life Corp. ......... 1,833 77,793
Reinsurance Group America,
 Inc. ........................ 762 43,198
RenaissanceRe Holdings, Ltd. .. 1,789 117,018
StanCorp Financial Group,
 Inc. ........................ 1,375 68,076
Transatlantic Holdings, Inc. .. 693 48,739
Unitrin, Inc. ................. 1,256 62,285
Wesco Financial Corp. ......... 39 15,522
White Mountains Insurance
 Group, Ltd. ................. 212 110,187
 -----------
 1,578,820
 -----------
IT SERVICES -- 0.7%
Convergys Corp. (a)............ 3,629 62,999
Unisys Corp. (a)............... 9,135 60,474
 -----------
 123,473
 -----------
LEISURE EQUIPMENT & PRODUCTS -- 0.9%
Brunswick Corp. ............... 2,331 53,287
Hasbro, Inc. .................. 3,812 106,278
 -----------
 159,565
 -----------
LIFE SCIENCES TOOLS & SERVICES -- 0.5%
PerkinElmer, Inc. ............. 3,119 91,106
 -----------
MACHINERY -- 5.2%
AGCO Corp. (a)................. 2,444 124,082
Crane Co. ..................... 1,375 65,959
IDEX Corp. .................... 2,118 77,074
Kennametal, Inc. .............. 1,018 85,492
Lincoln Electric Holdings,
 Inc. ........................ 1,068 82,887
Pall Corp. .................... 3,265 127,008
Pentair, Inc. ................. 2,627 87,164
SPX Corp. ..................... 1,455 134,675
The Timken Co. ................ 1,996 74,151
Trinity Industries, Inc. ...... 2,101 78,872
 -----------
 937,364
 -----------
MEDIA -- 3.1%
DreamWorks Animation SKG, Inc.
 (Class A) (a)................ 1,933 64,601
Idearc, Inc. .................. 3,872 121,852
Meredith Corp. ................ 1,014 58,102
Regal Entertainment Group...... 2,053 45,063
The Interpublic Group of Cos.,
 Inc. (a)..................... 12,520 129,958
The New York Times Co. (Class
 A)........................... 3,787 74,831
Tribune Co. ................... 2,060 56,279
 -----------
 550,686
 -----------
METALS & MINING -- 2.8%
Carpenter Technology Corp. .... 700 91,007
Cleveland-Cliffs, Inc. ........ 1,101 96,855
Commercial Metals Co. ......... 3,164 100,140
Reliance Steel & Aluminum
 Co. ......................... 1,655 93,574
Steel Dynamics, Inc. .......... 2,423 113,154
 -----------
 494,730
 -----------
MULTI-UTILITIES -- 7.9%
Alliant Energy Corp. .......... 2,991 114,615
CenterPoint Energy, Inc. ...... 7,556 121,123
CMS Energy Corp. .............. 5,993 100,802
Energy East Corp. ............. 4,223 114,232
Integrys Energy Group, Inc. ... 2,021 103,536
MDU Resources Group, Inc. ..... 4,493 125,085
NiSource, Inc. ................ 7,315 140,009
NSTAR.......................... 2,632 91,620
OGE Energy Corp. .............. 2,412 79,837
Puget Energy, Inc. ............ 3,074 75,221
SCANA Corp. ................... 2,815 109,053
TECO Energy, Inc. ............. 5,571 91,531
Wisconsin Energy Corp. ........ 3,124 140,674
 -----------
 1,407,338
 -----------
MULTILINE RETAIL -- 0.8%
Big Lots, Inc. (a)............. 2,859 85,312
Saks, Inc. .................... 3,304 56,664
 -----------
 141,976
 -----------
OIL, GAS & CONSUMABLE FUELS -- 3.2%
Boardwalk Pipeline Partners
 LP........................... 527 16,142
Cheniere Energy Partners LP.... 356 6,561
Enbridge Energy Partners LP.... 1,330 64,944

SPDR DJ WILSHIRE MID CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------- -----------
Forest Oil Corp. (a)........... 2,052 $ 88,318
Magellan Midstream Partners
 LP........................... 1,748 69,973
NuStar Energy LP............... 964 57,281
ONEOK Partners LP.............. 1,222 72,660
Overseas Shipholding Group,
 Inc. ........................ 792 60,849
Teekay Corp. .................. 1,125 66,161
TEPPCO Partners LP............. 1,925 73,285
 -----------
 576,174
 -----------
PAPER & FOREST PRODUCTS -- 0.8%
MeadWestvaco Corp. ............ 4,897 144,608
 -----------
PHARMACEUTICALS -- 0.9%
King Pharmaceuticals, Inc.
 (a).......................... 6,366 74,609
Watson Pharmaceuticals, Inc.
 (a).......................... 2,692 87,221
 -----------
 161,830
 -----------
REAL ESTATE INVESTMENT TRUSTS -- 11.3%
Alexandria Real Estate
 Equities, Inc. .............. 776 74,698
AMB Property Corp. ............ 2,641 157,958
Annaly Capital Management,
 Inc. ........................ 8,638 137,603
Apartment Investment &
 Management Co. (Class A)..... 2,594 117,067
BRE Properties, Inc. (Class
 A)........................... 1,347 75,338
Douglas Emmett, Inc. .......... 2,640 65,287
Duke Realty Corp. ............. 3,657 123,643
Essex Property Trust, Inc. .... 663 77,949
Federal Realty Investment
 Trust........................ 1,504 133,254
Health Care REIT, Inc. ........ 2,153 95,249
Hospitality Properties Trust... 2,509 101,991
iStar Financial, Inc. ......... 3,424 116,382
Liberty Property Trust......... 2,448 98,434
Mack-Cali Realty Corp. ........ 1,781 73,199
Nationwide Health Properties,
 Inc. ........................ 2,396 72,191
Rayonier, Inc. ................ 2,069 99,395
Realty Income Corp. ........... 2,660 74,347
Regency Centers Corp. ......... 1,848 141,834
UDR, Inc. ..................... 3,577 86,993
Weingarten Realty Investors.... 2,112 87,564
 -----------
 2,010,376
 -----------
ROAD & RAIL -- 1.2%
Kansas City Southern (a)....... 2,022 65,048
Laidlaw International, Inc. ... 2,090 73,610
Ryder Systems, Inc. ........... 1,576 77,224
 -----------
 215,882
 -----------
SOFTWARE -- 1.7%
Cadence Design Systems, Inc.
 (a).......................... 7,407 164,361
Compuware Corp. (a)............ 7,982 64,016
Novell, Inc. (a)............... 9,200 70,288
 -----------
 298,665
 -----------
SPECIALTY RETAIL -- 1.4%
Barnes & Noble, Inc. .......... 1,400 49,364
Foot Locker, Inc. ............. 4,122 63,190
OfficeMax, Inc. ............... 1,961 67,204
RadioShack Corp. .............. 3,632 75,037
 -----------
 254,795
 -----------
TEXTILES, APPAREL & LUXURY GOODS -- 0.8%
Hanesbrands, Inc. (a).......... 2,529 70,964
Phillips-Van Heusen Corp. ..... 1,454 76,306
 -----------
 147,270
 -----------
THRIFTS & MORTGAGE FINANCE -- 2.9%
Astoria Financial Corp. ....... 2,336 61,974
Capitol Federal Financial...... 577 19,733
MGIC Investment Corp. ......... 2,155 69,628
New York Community Bancorp,
 Inc. ........................ 7,594 144,666
People's United Financial,
 Inc. ........................ 3,285 56,765
TFS Financial Corp. (a)........ 2,639 34,149
The PMI Group, Inc. ........... 2,262 73,967
Washington Federal, Inc. ...... 2,280 59,873
 -----------
 520,755
 -----------
TRADING COMPANIES & DISTRIBUTORS -- 0.6%
GATX Corp. .................... 1,157 49,462
United Rentals, Inc. (a)....... 1,945 62,570
 -----------
 112,032
 -----------
WATER UTILITIES -- 0.4%
Aqua America, Inc. ............ 3,474 78,790
 -----------
TOTAL COMMON STOCKS --
 (Cost $19,003,948)........... 17,918,996
 -----------
SHORT TERM INVESTMENTS -- 1.0%
MONEY MARKET FUND -- 1.0%
 STIC Prime Portfolio
 (Cost $172,107).............. 172,107 172,107
 -----------
TOTAL INVESTMENTS -- 101.2%
 (Cost $19,176,055)........... 18,091,103
OTHER ASSETS AND
 LIABILITIES -- 1.2%.......... (209,933)
 -----------
NET ASSETS -- 100.0%........... $17,881,170
 ===========

(a) Non-income producing security

SPDR(R) DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS
SEPTEMBER 30, 2007 (UNAUDITED)

SECURITY DESCRIPTION SHARES VALUE
-------------------- ------ -----------
COMMON STOCKS -- 99.8%
AEROSPACE & DEFENSE -- 1.5%
AAR Corp. (a)................... 258 $ 7,828
American Science & Engineering,
 Inc. ......................... 60 3,760
Argon ST, Inc. (a).............. 89 1,762
BE Aerospace, Inc. (a).......... 620 25,749
Ceradyne, Inc. (a).............. 171 12,952
Cubic Corp. .................... 110 4,639
Curtiss-Wright Corp. ........... 293 13,917
DRS Technologies, Inc. ......... 278 15,323
DynCorp International, Inc.
 (a)........................... 168 3,882
EDO Corp. ...................... 112 6,273
Esterline Technologies Corp.
 (a)........................... 172 9,813
GenCorp, Inc. (a)............... 341 4,078
Heico Corp. .................... 137 5,411
Hexcel Corp. (a)................ 632 14,353
Innovative Solutions & Support,
 Inc. (a)...................... 68 1,290
Ionatron, Inc. (a).............. 293 1,005
Ladish Co., Inc. (a)............ 98 5,437
Moog, Inc. (a).................. 261 11,468
MTC Technologies, Inc. (a)...... 64 1,236
Orbital Sciences Corp. (a)...... 393 8,740
Taser International, Inc. (a)... 418 6,558
Teledyne Technologies, Inc.
 (a)........................... 217 11,586
Triumph Group, Inc. ............ 112 9,152
United Industrial Corp. ........ 58 4,365
 -----------
 190,577
 -----------
AIR FREIGHT & LOGISTICS -- 0.3%
ABX Air, Inc. (a)............... 372 2,634
Atlas Air Worldwide Holdings,
 Inc. (a)...................... 103 5,318
Forward Air Corp. .............. 195 5,807
HUB Group, Inc. (Class A) (a)... 261 7,838
Pacer International, Inc. ...... 235 4,476
UTI Worldwide, Inc. ............ 547 12,570
 -----------
 38,643
 -----------
AIRLINES -- 0.6%
AirTran Holdings, Inc. (a)...... 593 5,835
Alaska Air Group, Inc. (a)...... 280 6,465
Allegiant Travel Co. (a)........ 87 2,638
Continental Airlines, Inc.
 (Class B) (a)................. 651 21,503
ExpressJet Holdings, Inc. (a)... 398 1,230
JetBlue Airways Corp. (a)....... 1,101 10,151
Republic Airways Holdings, Inc.
 (a)........................... 243 5,144
SkyWest, Inc. .................. 428 10,773
US Airways Group, Inc. (a)...... 570 14,962
 -----------
 78,701
 -----------
AUTO COMPONENTS -- 0.8%
Aftermarket Technology Corp.
 (a)........................... 150 4,761
American Axle & Manufacturing
 Holdings, Inc. ............... 310 7,828
ArvinMeritor, Inc. ............. 493 8,292
Cooper Tire & Rubber Co. ....... 408 9,955
Drew Industries, Inc. (a)....... 124 5,044
Gentex Corp. ................... 967 20,733
Lear Corp. (a).................. 434 13,931
Modine Manufacturing Co. ....... 211 5,617
Sauer-Danfoss, Inc. ............ 69 1,841
Superior Industries
 International, Inc. .......... 144 3,123
Tenneco Automotive, Inc. (a).... 305 9,458
TRW Automotive Holdings Corp.
 (a)........................... 351 11,120
Visteon Corp. (a)............... 823 4,238
 -----------
 105,941
 -----------
AUTOMOBILES -- 0.2%
Fleetwood Enterprises, Inc.
 (a)........................... 431 3,685
Monaco Coach Corp. ............. 180 2,525
Thor Industries, Inc. .......... 258 11,608
Winnebago Industries, Inc. ..... 191 4,561
 -----------
 22,379
 -----------
BEVERAGES -- 0.2%
Boston Beer Co., Inc. (a)....... 71 3,455
Central European Distribution
 Corp. (a)..................... 220 10,540
Coca-Cola Hellenic Bottling Co.
 SA............................ 24 1,447
PepsiAmericas, Inc. ............ 437 14,177
 -----------
 29,619
 -----------
BIOTECHNOLOGY -- 2.3%
Affymax, Inc. (a)............... 42 1,136
Alexion Pharmaceuticals, Inc.
 (a)........................... 251 16,353
Alkermes, Inc. (a).............. 687 12,641
Alnylam Pharmaceuticals, Inc.
 (a)........................... 205 6,718
Altus Pharmaceuticals, Inc.
 (a)........................... 160 1,678
Applera Corp. -- Celera Genomics
 Group (a)..................... 541 7,606
Arena Pharmaceuticals, Inc.
 (a)........................... 406 4,446
Ariad Pharmaceuticals, Inc.
 (a)........................... 441 2,042
BioMarin Pharmaceuticals, Inc.
 (a)........................... 647 16,110
Cepheid, Inc. (a)............... 364 8,299
Cubist Pharmaceuticals, Inc.
 (a)........................... 371 7,839
CV Therapeutics, Inc. (a)....... 359 3,224
Dendreon Corp. (a).............. 553 4,253
Enzon Pharmaceuticals, Inc.
 (a)........................... 280 2,467
Geron Corp. (a)................. 523 3,828
GTx, Inc. (a)................... 100 1,628
Halozyme Therapeutics, Inc.
 (a)........................... 437 3,797
Human Genome Sciences, Inc.
 (a)........................... 887 9,127
ImClone Systems, Inc. (a)....... 404 16,701
Incyte, Inc. (a)................ 512 3,661
InterMune, Inc. (a)............. 201 3,845
Isis Pharmaceuticals, Inc. (a).. 548 8,204
Keryx Biopharmaceuticals, Inc.
 (a)........................... 252 2,505
Lexicon Genetics, Inc. (a)...... 660 2,284
Life Cell Corp. (a)............. 231 8,679
Ligand Pharmaceuticals, Inc.
 (Class B)..................... 481 2,569
MannKind Corp. (a).............. 277 2,681
Martek Biosciences Corp. (a).... 215 6,241
Maxygen, Inc. (a)............... 191 1,301
Medarex, Inc. (a)............... 832 11,781
Momenta Pharmaceuticals, Inc.
 (a)........................... 181 2,062
Myriad Genetics, Inc. (a)....... 285 14,863
Neurocrine Biosciences, Inc.
 (a)........................... 244 2,440
Onyx Pharmaceuticals, Inc. (a).. 367 15,972
OSI Pharmaceuticals, Inc. (a)... 387 13,154
PDL BioPharma, Inc. (a)......... 787 17,007
Pharmion Corp. (a).............. 201 9,274
Progenics Pharmaceuticals, Inc.
 (a)........................... 157 3,471
Regeneron Pharmaceuticals, Inc.
 (a)........................... 450 8,010
Savient Pharmaceuticals, Inc.
 (a)........................... 355 5,165
Seattle Genetics, Inc. (a)...... 303 3,406
Theravance, Inc. (a)............ 331 8,636
United Therapeutics Corp. (a)... 131 8,717