SPDR Index Shares Funds - State Street SPDR Portfolio Emerging Markets ETF
US ˙ ARCA ˙ US78463X5095

SecuritySPEM / SPDR Index Shares Funds - State Street SPDR Portfolio Emerging Markets ETF
InstitutionValmark Advisers, Inc.
Latest Disclosed Ownership365,144 shares
Latest Disclosed Value $ 17,128,903
Valmark Advisers, Inc. reports 28.96% decrease in ownership of SPEM / SPDR Index Shares Funds - State Street SPDR Portfolio Emerging Markets ETF

On May 1, 2026 - Valmark Advisers, Inc. filed a 13F-HR form disclosing ownership of 365,144 shares of SPDR Index Shares Funds - State Street SPDR Portfolio Emerging Markets ETF (US:SPEM) valued at $17,128,905 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 514,023 shares of SPDR Index Shares Funds - State Street SPDR Portfolio Emerging Markets ETF. This represents a change in shares of -28.96% during the quarter. The current value of the position is $19,228,483 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F SPDR INDEX SHS FDS STATE STREET SPD 78463X509 365,144 -148,879 -28.96 17,129 -28.81 0.2035
2026-01-26 2025-12-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 514,023 1,974 0.39 24,061 0.38 0.2965
2025-10-24 2025-09-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 512,049 549 0.11 23,969 9.64 0.3097
2025-07-23 2025-06-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 511,500 -5,471 -1.06 21,862 7.41 0.3042
2025-04-23 2025-03-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 516,971 -5,155 -0.99 20,353 1.60 0.3070
2025-01-30 2024-12-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 522,126 -18,580 -3.44 20,034 -10.25 0.3103
2024-10-25 2024-09-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 540,706 -3,043 -0.56 22,320 8.97 0.3487
2024-08-01 2024-06-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 543,749 -34,887 -6.03 20,483 -2.18 0.3476
2024-05-06 2024-03-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 578,636 -7,974 -1.36 20,941 0.81 0.3643
2024-02-02 2023-12-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 586,610 37,552 6.84 20,772 12.70 0.3888
2023-11-08 2023-09-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 549,058 15,509 2.91 18,432 0.48 0.3824
2023-08-03 2023-06-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 533,549 -10,744 -1.97 18,343 -1.25 0.3732
2023-05-02 2023-03-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 544,293 -5,806 -1.06 18,577 2.45 0.4000
2023-02-07 2022-12-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 550,099 91,947 20.07 18,131 27.49 0.4184
2022-11-03 2022-09-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 458,152 8,526 1.90 14,221 -9.04 0.2862
2022-08-01 2022-06-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 449,626 21,595 5.05 15,634 -5.47 0.3034
2022-05-10 2022-03-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 428,031 25,275 6.28 16,539 -1.02 0.2913
2022-02-02 2021-12-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 402,756 289,443 255.44 16,710 246.75 0.2879
2021-11-09 2021-09-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 113,313 -1,535 -1.34 4,819 -7.79 0.0882
2021-08-06 2021-06-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 114,848 -36,937 -24.34 5,226 -21.35 0.0957
2021-05-04 2021-03-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 151,785 7,305 5.06 6,645 9.10 0.1281
2021-02-03 2020-12-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 144,480 -2,861 -1.94 6,091 13.07 0.1239
2020-11-09 2020-09-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 147,341 -11,690 -7.35 5,387 1.24 0.1224
2020-07-31 2020-06-30 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 159,031 56,489 55.09 5,321 82.35 0.1251
2020-05-01 2020-03-31 13F SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 102,542 102,542 2,918 0.0762
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.