State Street Small-Cap Equity V.I.S. Fund Schedule of Investments July 31, 2021 (Unaudited)

Number Fair Number Fair of Shares Value of Shares Value Common - 96.2% Dorman Products Inc. 2,706 $ 273,712 Agricultural & Farm Machinery - 0.7% Gentex Corp. 1,485 50,535 AGCO Corp. 1,949 $ 257,482 LCI Industries 371 54,099 443,650 Agricultural Products - 1.3% Darling Ingredients Inc. 7,050 486,944 Automobile Manufacturers - 1.0% Thor Industries Inc. 3,354 396,979 Airlines-0.1% Allegiant Travel Co. 224 42,587 Automotive Retail - 1.6% America’s Car-Mart Inc. 567 90,153 Aluminum - 0.2% Group 1 Automotive Inc. 1,126 195,631 Alcoa Corp. 2,117 84,998 Monro Inc. 845 49,010 Apparel Retail - 0.5% Murphy USA Inc. 1,838 271,124 American Eagle Outfitters Inc. 2,340 80,660 605,918 The Buckle Inc. 2,545 107,093 Biotechnology - 1.1% 187,753 Avid Bioservices Inc. 3,475 89,134 Application Software - 7.1% Emergent BioSolutions Inc. 2,090 137,731 ACI Worldwide Inc. 4,534 155,516 Halozyme Therapeutics Inc. 314 12,977 Alarm.com Holdings Inc. 981 81,639 Heron Therapeutics Inc. 8,411 103,960 Altair Engineering Inc., Veracyte Inc. 1,950 86,892 Class A 1,699 118,522 430,694 Asana Inc., Class A 260 18,476 Blackbaud Inc. 3,679 262,423 Building Products - 1.1% Blackline Inc. 2,385 272,820 American Woodmark Corp. 361 26,804 Cerence Inc. 372 39,994 CSW Industrials Inc. 780 92,266 Cornerstone OnDemand Inc. 2,103 100,818 Gibraltar Industries Inc. 2,967 221,576 Envestnet Inc. 1,320 99,304 Insteel Industries Inc. 300 11,649 Medallia Inc. 6,590 223,203 UFP Industries Inc. 787 58,443 Model N Inc. 1,155 37,387 410,738 New Relic Inc. 3,640 251,451 Paylocity Holding Corp. 488 101,240 Chemicals - 0.5% Pegasystems Inc. 674 86,029 Hawkins Inc. 633 22,984 PROS Holdings Inc. 686 29,786 Koppers Holdings Inc. 5,980 183,646 Q2 Holdings Inc. 1,790 184,925 206,630 SPS Commerce Inc. 850 92,608 Sumo Logic Inc. 4,890 100,979 Communications Equipment - 0.3% The Descartes Systems Extreme Networks Inc. 5,606 61,722 Group Inc. 632 45,921 Plantronics Inc. 1,983 61,850 Workiva Inc. 2,084 270,441 123,572 Yext Inc. 10,240 133,427 2,706,909 Computer & Electronics Retail - 0.2% Rent-A-Center Inc. 1,103 63,114 Auto Parts & Equipment - 1.2% Dana Inc. 2,703 65,304 State Street Small-Cap Equity V.I.S. Fund Schedule of Investments July 31, 2021 (Unaudited)

Number Fair Number Fair of Shares Value of Shares Value Diversified REITs - 0.3% Construction & Engineering - 1.4% Alpine Income Property Dycom Industries Inc. 5,405 $ 375,107 Trust Inc. 1,478 $ 28,999 Valmont Industries Inc. 369 87,435 American Assets Trust Inc. 1,410 52,071 WillScot Mobile Mini Holdings Essential Properties Realty Corp. 1,892 54,319 Trust Inc. 1,114 33,197 516,861 114,267

Construction Machinery & Heavy Trucks - 1.0% Diversified Support Services - 2.0% Alamo Group Inc. 390 57,240 Healthcare Services Astec Industries Inc. 1,468 90,003 Group Inc. 6,069 158,401 Meritor Inc. 3,384 82,333 IAA Inc. 1,258 76,084 The Greenbrier Matthews International Corp., Companies Inc. 1,671 71,519 Class A 1,928 66,709 The Manitowoc Company Inc. 1,867 43,221 Ritchie Bros Auctioneers Inc. 6,819 407,299 Wabash National Corp. 2,992 43,803 UniFirst Corp. 172 37,456 388,119 745,949

Construction Materials - 0.1% Education Services - 0.6% Eagle Materials Inc. 332 46,918 2U Inc. 1,394 60,500 Grand Canyon Education Inc. 1,020 94,217 Consumer Finance - 0.4% Stride Inc. 2,809 86,124 PRA Group Inc. 893 34,639 240,841 PROG Holdings Inc. 2,457 107,543 142,182 Electric Utilities - 0.8% ALLETE Inc. 436 30,659 Data Processing & Outsourced Services - 0.6% IDACORP Inc. 2,482 261,727 Cass Information Systems Inc. 375 16,534 292,386 CSG Systems International Inc. 1,639 74,345 Electrical Components & Equipment - 0.3% Maximus Inc. 490 43,610 Acuity Brands Inc. 201 35,251 Verra Mobility Corp. 6,454 98,811 Regal Beloit Corp. 526 77,443 233,300 112,694

Distillers & Vintners - 1.1% Electronic Components - 1.6% MGP Ingredients Inc. 6,888 410,869 Belden Inc. 5,129 251,321 II-VI Inc. 870 60,734 Distributors - 0.6% Littelfuse Inc. 706 187,789 LKQ Corp. 4,241 215,231 Rogers Corp. 513 97,778

Diversified Metals & Mining - 0.3% 597,622 Compass Minerals Electronic Equipment & Instruments - 0.4% International Inc. 1,340 91,870 National Instruments Corp. 3,839 169,338 Materion Corp. 375 26,760 118,630 State Street Small-Cap Equity V.I.S. Fund Schedule of Investments July 31, 2021 (Unaudited)

Number Fair Number Fair of Shares Value of Shares Value IntriCon Corp. 1,904 $ 45,696 Electronic Manufacturing Services - 0.3% LeMaitre Vascular Inc. 708 38,558 Methode Electronics Inc. 1,032 $ 49,361 Masimo Corp. 215 58,564 Plexus Corp. 672 60,695 Outset Medical Inc. 2,010 82,330 110,056 Penumbra Inc. 545 145,095 STERIS PLC 800 174,360 Environmental & Facilities Services - 0.5% Tactile Systems Clean Harbors Inc. 2,038 193,610 Technology Inc. 2,215 108,491 Vapotherm Inc. 1,890 48,875 Food Distributors - 0.3% Performance Food Group Co. 2,628 120,415 2,134,509

Footwear - 0.7% Healthcare Facilities - 1.1% Deckers Outdoor Corp. 262 107,643 Acadia Healthcare Company Inc. 3,083 190,283 Wolverine World Wide Inc. 4,885 163,843 Hanger Inc. 2,066 50,700 271,486 The Ensign Group Inc. 999 84,985 Gas Utilities - 0.1% The Pennat Group Inc. 1,320 45,170 U.S. Physical Therapy Inc. 389 45,964 Spire Inc. 578 41,009 417,102 General Merchandise Stores - 0.1% Ollie’s Bargain Outlet Healthcare Services - 0.9% Holdings Inc. 560 52,136 Addus HomeCare Corp. 626 54,331 Amedisys Inc. 377 98,254 Health Care REITs - 0.1% AMN Healthcare Community Healthcare Services Inc. 786 79,040 Trust Inc. 794 39,565 Chemed Corp. 101 48,078 Healthcare Distributors - 0.6% MEDNAX Inc. 2,569 74,809 AdaptHealth Corp. 3,022 67,663 354,512 Covetrus Inc. 4,766 121,342 PetIQ Inc. 1,213 42,892 Healthcare Supplies - 1.1% Avanos Medical Inc. 3,325 126,151 231,897 BioLife Solutions Inc. 2,027 95,066 Healthcare Equipment - 5.6% ICU Medical Inc. 283 57,531 Neogen Corp. 1,104 48,090 AtriCure Inc. 1,850 156,251 OrthoPediatrics Corp. 528 33,180 Axonics Inc. 215 14,609 Pulmonx Corp. 1,750 69,405 Cardiovascular Systems Inc. 4,320 174,053 CONMED Corp. 1,850 255,189 429,423 Envista Holdings Corp. 1,010 43,511 Glaukos Corp. 571 29,121 Healthcare Technology - 1.5% Globus Medical Inc., Class A 1,925 160,102 Health Catalyst Inc. 1,109 64,389 Heska Corp. 304 73,173 Inovalon Holdings Inc., Class A 1,621 61,403 Hill-Rom Holdings Inc. 1,732 239,813 Inspire Medical Systems Inc. 835 152,939 Inogen Inc. 282 22,495 NextGen Healthcare Inc. 2,938 47,654 Integra LifeSciences Holdings Corp. 3,650 264,223 Omnicell Inc. 1,161 170,086 State Street Small-Cap Equity V.I.S. Fund Schedule of Investments July 31, 2021 (Unaudited)

Number Fair Number Fair of Shares Value of Shares Value Phreesia Inc. 897 $ 61,310 L B Foster Co., Class A 753 $ 13,675 557,781 Lydall Inc. 1,293 79,132 Mueller Industries Inc. 3,560 154,504 Home Building - 0.7% Proto Labs Inc. 211 16,498 Cavco Industries Inc. 268 62,980 Standex International Corp. 825 75,900 Green Brick Partners Inc. 1,325 33,218 The Timken Co. 4,676 371,742 Taylor Morrison Home Corp. 3,774 101,219 TriMas Corp. 4,300 140,696 TopBuild Corp. 277 56,145 Woodward Inc. 627 76,218 253,562 3,131,764

Home Furnishing Retail - 0.3% Industrial REITs - 0.7% The Aaron’s Co. Inc. 3,546 102,373 EastGroup Properties Inc. 1,282 225,914 Innovative Industrial Home Furnishings - 0.2% Properties Inc. 142 30,529 La-Z-Boy Inc. 1,894 63,601 256,443

Home Improvement Retail - 0.1% Insurance Brokers - 0.3% Floor & Decor Holdings Inc., BRP Group Inc., Class A 2,460 67,060 Class A 444 54,172 Goosehead Insurance Inc., Class A 395 47,475 Hotel & Resort REITs - 0.2% RLJ Lodging Trust 6,251 89,702 114,535

Hotels, Resorts & Cruise Lines - 0.1% Interactive Media & Services - 0.1% Wyndham Hotels & Vimeo Inc. 1,078 48,294 Resorts Inc. 394 28,392 Internet & Direct Marketing Retail - 0.7% Household Appliances - 0.1% Fiverr International Ltd. 247 61,481 Helen of Troy Ltd. 142 31,721 Overstock.com Inc. 393 27,368 Porch Group Inc. 2,394 44,361 Household Products - 0.1% Revolve Group Inc. 1,753 122,026 Central Garden & Pet Co., Class A 1,015 43,960 255,236

Industrial Machinery - 8.2% & Brokerage - 0.9% Albany International Corp., Piper Sandler Cos. 663 81,343 Class A 370 31,950 Raymond James Altra Industrial Motion Corp. 7,652 479,627 Financial Inc. 1,337 173,115 Barnes Group Inc. 6,505 329,608 Stifel Financial Corp. 1,329 88,432 Crane Co. 3,535 343,708 342,890 Enerpac Tool Group Corp. 8,617 221,198 ESCO Technologies Inc. 1,010 95,314 IT Consulting & Other Services - 1.0% Evoqua Water Technologies Globant S.A. 542 129,625 Corp. 7,240 238,992 Grid Dynamics Holdings Inc. 1,939 40,816 John Bean Technologies Perficient Inc. 435 41,016 Corp. 2,170 318,079 Unisys Corp. 6,744 150,728 Kadant Inc. 233 41,970 362,185 Kornit Digital Ltd. 779 102,953 State Street Small-Cap Equity V.I.S. Fund Schedule of Investments July 31, 2021 (Unaudited)

Number Fair Number Fair of Shares Value of Shares Value Leisure Products - 1.7% Oil & Gas Exploration & Production - 0.8% Malibu Boats Inc., Class A 3,522 $ 294,651 Cimarex Energy Co. 420 $ 27,384 Polaris Inc. 2,557 335,146 Denbury Inc. 795 52,239 629,797 Northern Oil & Gas Inc. 3,009 51,965 PDC Energy Inc. 3,441 136,092 Life & Health Insurance - 0.4% Southwestern Energy Co. 6,243 29,405 American Equity Investment 297,085 Life Holding Co. 1,792 57,505 Trupanion Inc. 886 101,908 Packaged Foods & Meats - 3.8% 159,413 Freshpet Inc. 406 59,459 Hostess Brands Inc. 13,640 219,468 Life Sciences Tools & Services - 3.2% J&J Snack Foods Corp. 745 122,463 Bruker Corp. 2,666 219,278 John B Sanfilippo & Son Inc. 256 23,644 ICON PLC 1,286 312,845 Lancaster Colony Corp. 1,245 246,348 Medpace Holdings Inc. 301 52,958 Sanderson Farms Inc. 1,882 351,633 Repligen Corp. 1,278 314,005 The Simply Good Foods Co. 6,670 249,991 Syneos Health Inc. 3,455 309,810 TreeHouse Foods Inc. 2,160 95,904 1,208,896 Utz Brands Inc. 3,050 69,052 1,437,962 Marine - 0.1% Kirby Corp. 875 50,671 Paper Packaging - 0.1% UFP Technologies Inc. 511 30,548 Multi-Line Insurance - 0.2% Horace Mann Educators Personal Products - 0.4% Corp. 2,218 88,299 elf Beauty Inc. 4,730 130,595 Office REITs - 0.7% The Honest Company Inc. 1,800 25,866 Corporate Office Properties 156,461 Trust 1,456 42,865 Cousins Properties Inc. 4,024 159,833 Pharmaceuticals - 0.3% Easterly Government Prestige Consumer Properties Inc. 3,022 68,599 Healthcare Inc. 2,205 115,873 271,297 Property & Casualty Insurance - 1.8% Office Services & Supplies - 0.9% AMERISAFE Inc. 1,294 74,017 HNI Corp. 1,014 37,822 Argo Group International Holdings Ltd. 3,471 180,943 MSA Safety Inc. 1,863 306,426 James River Group Holdings 344,248 Ltd. 2,420 88,040 Palomar Holdings Inc. 1,035 84,280 Oil & Gas Drilling - 0.2% RLI Corp. 1,112 120,518 Helmerich & Payne Inc. 2,181 62,529 Selective Insurance Group Inc. 1,880 152,938 Oil & Gas Equipment & Services - 0.3% 700,736 ChampionX Corp. 1,978 45,969 Oil States International Inc. 12,535 70,948 116,917 State Street Small-Cap Equity V.I.S. Fund Schedule of Investments July 31, 2021 (Unaudited)

Number Fair Number Fair of Shares Value of Shares Value Publishing - 1.0% Westamerica BanCorp 1,908 $ 105,989 John Wiley & Sons Inc., Western Alliance Bancorp 2,280 211,630 Class A 6,698 $ 393,708 Corp. 1,318 94,105 Regional - 7.0% 2,656,278 1st Source Corp. 1,257 57,558 Research & Consulting Services - 0.4% Atlantic Union Bankshares Corp. 1,128 40,010 Exponent Inc. 574 61,470 OZK 1,568 63,833 Resources Connection Inc. 5,409 83,785 BankUnited Inc. 721 28,537 145,255 Bryn Mawr Bank Corp. 1,265 49,500 Cadence BanCorp 3,413 64,847 Residential REITs - 0.2% Community Bank System Inc. 1,220 87,401 NexPoint Residential Trust Inc. 1,245 73,393 Cullen/Frost Bankers Inc. 1,044 112,042 CVB Financial Corp. 3,310 63,089 Restaurants - 1.2% Enterprise Brinker International Inc. 360 19,562 Corp. 1,206 53,751 Cracker Barrel Old Country Equity Bancshares Inc., Store Inc. 336 45,756 Class A 1,128 33,231 Shake Shack Inc., Class A 270 27,146 FB Financial Corp. 649 24,539 Roadhouse Inc. 1,175 108,300 First Interstate BancSystem Inc., Class A 1,089 45,651 The Cheesecake Factory Inc. 1,531 69,293 Fulton Financial Corp. 6,295 96,439 Wingstop Inc. 970 166,171 German American 436,228 Bancorp Inc. 1,730 65,221 Great Western Bancorp Inc. 1,859 57,257 Retail REITs - 0.3% Independent Bank Corp. 3,489 246,603 Kite Realty Group Trust 1,256 25,321 Bancorp Inc. 1,791 24,752 Retail Opportunity Lakeland Financial Corp. 245 16,383 Investments Corp. 2,687 47,479 National Bank Holdings The Macerich Co. 1,617 26,357 Corp., Class A 1,107 39,254 99,157 Origin Bancorp Inc. 1,625 66,105 PacWest Bancorp 1,973 78,565 & Alarm Services - 1.2% Peapack-Gladstone Financial The Brink’s Co. 5,800 446,368 Corp. 505 16,266 Pinnacle Financial Semiconductor Equipment - 1.7% Partners Inc. 634 56,813 Brooks Automation Inc. 1,655 147,312 Prosperity Bancshares Inc. 3,054 208,252 CMC Materials Inc. 1,993 288,267 Renasant Corp. 4,393 154,546 Ichor Holdings Ltd. 1,264 65,184 Sandy Spring Bancorp Inc. 1,166 48,494 Onto Innovation Inc. 2,035 142,613 Stock Yards Bancorp Inc. 1,125 53,595 643,376 Texas Capital Bancshares Inc. 685 43,141 Semiconductors - 0.9% UMB Financial Corp. 1,740 162,864 Diodes Inc. 587 48,134 United Community Banks Inc. 1,395 40,190 MaxLinear Inc. 816 39,356 Washington Trust Power Integrations Inc. 672 65,177 Bancorp Inc. 940 45,825 Semtech Corp. 2,471 152,979 State Street Small-Cap Equity V.I.S. Fund Schedule of Investments July 31, 2021 (Unaudited)

Number Fair Number Fair of Shares Value of Shares Value SMART Global Holdings Inc. 570 $ 26,699 Systems Software - 1.2% 332,345 Ping Identity Holding Corp. 3,139 $ 69,278 Qualys Inc. 730 74,139 Soft Drinks - 0.3% Sailpoint Technologies Primo Water Corp. 7,323 121,049 Holdings Inc. 2,890 144,471 Tenable Holdings Inc. 3,945 168,846 Specialized Consumer Services - 1.4% 456,734 Frontdoor Inc. 3,394 166,102 OneSpaWorld Holdings Ltd. 4,758 47,009 Technology Hardware, Storage & Peripherals - 0.5% Terminix Global Holdings Inc. 5,897 309,593 Pure Storage Inc., Class A 10,640 207,693 522,704 Thrifts & Mortgage Finance - 0.9% Specialized REITs - 0.5% Flagstar Bancorp Inc. 615 28,142 CoreSite Realty Corp. 646 89,284 HomeStreet Inc. 1,188 44,800 PotlatchDeltic Corp. 1,005 52,200 Kearny Financial Corp. 2,344 28,198 QTS Realty Trust Inc., Meta Financial Group Inc. 864 42,941 Class A 426 33,104 Premier Financial Corp. 1,259 33,716 174,588 Inc. 1,109 35,787 WSFS Financial Corp. 3,250 142,285 Specialty Chemicals - 4.1% 355,869 Avient Corp. 4,652 225,715 Chase Corp. 400 46,612 Trading Companies & Distributors - 1.2% Danimer Scientific Inc. 2,282 38,064 Applied Industrial HB Fuller Co. 472 30,501 Technologies Inc. 2,830 253,851 Ingevity Corp. 5,775 490,529 Boise Cascade Co. 280 14,322 Innospec Inc. 1,045 92,430 McGrath RentCorp. 523 41,014 Minerals Technologies Inc. 429 34,414 Transcat Inc. 290 18,516 Quaker Chemical Corp. 564 141,981 Univar Solutions Inc. 5,896 144,688 Sensient Technologies Corp. 2,095 182,642 472,391 Stepan Co. 2,432 286,854 Trucking - 0.7% 1,569,742 Marten Transport Ltd. 2,645 41,844 Specialty Stores - 1.1% Saia Inc. 915 206,790 Dick’s Sporting Goods Inc. 545 56,756 248,634 Five Below Inc. 531 103,237 Total Common Stock National Vision Holdings Inc. 2,453 132,413 (Cost $24,489,721) 36,529,459 Sally Beauty Holdings Inc. 5,650 106,898 399,304

Steel - 0.5% Carpenter Technology Corp. 1,008 38,455 Commercial Metals Co. 2,909 95,415 Steel Dynamics Inc. 691 44,535 178,405 State Street Small-Cap Equity V.I.S. Fund Schedule of Investments July 31, 2021 (Unaudited)

Number Fair of Shares Value Short-Term Investments - 3.7% State Street Institutional U.S. Government Money Fund - Class G Shares 0.03% (Cost $1,400,411) 1,400,411 $ 1,400,411 Total Investments (Cost $25,890,132) 37,929,870 Other Assets and Liabilities, net - 0.1% 41,691 NET ASSETS - 100.0% $ 37,971,561

Other Information:

The Fund had the following long futures contracts open at July 31, 2021:

Unrealized Expiration Number of Notional Appreciation Description Date Contracts Amount Value (Depreciation)

E-mini Russell 2000 Index Futures September 2021 6 $688,688 $666,480 $(22,208)

The securities information regarding holdings, allocations and other characteristics are presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund’s current or future investments and should not be construed as a recommendation to purchase or sell a particular security. See the Fund’s summary prospectus and statutory prospectus for complete descriptions of investment objectives, policies, risks and permissible investments.