Edgar Filing: SPDR GOLD TRUST

SPDR ETF TRADING REPORT DEC 2017

Filed Pursuant To Rule 433

Registration No. 333-217785

February 7, 2018

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SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 12/15/2017 US Core SPY SPDR S&P 500® ETF 0.01 0.00 0.01 86,079,317 22,911,116,470 70,068,500 11,975 13,102 3,187,266 3,416,871 242 0.20 170,285,901 MDY SPDR S&P MidCap 400® ETF 0.08 0.02 0.07 1,124,357 387,498,186 928,263 1,810 1,951 623,798 659,126 129 0.40 2,280,262 SLY SPDR S&P 600 Small Cap ETF 0.32 0.24 0.32 17,534 2,346,275 15,560 1,534 1,659 205,265 219,220 93 0.50 5,567 DIA SPDR Dow Jones Industrial Average ETF Trust 0.02 0.01 0.01 3,683,217 902,976,969 2,938,348 1,287 1,832 315,521 436,327 133 0.30 9,062,194 SPTM SPDR Portfolio Total Stock Market ETF 0.02 0.06 0.08 468,503 15,530,343 272,377 5,449 4,687 180,634 170,132 151 0.20 84,275 SPSM SPDR Portfolio Small Cap ETF 0.02 0.07 0.06 255,602 7,689,263 237,411 3,883 3,188 116,801 107,391 133 0.50 118,377 SPLG SPDR Portfolio Large Cap ETF 0.01 0.04 0.04 593,129 18,490,976 297,153 5,107 3,398 159,236 109,607 306 0.30 60,696 SPMD SPDR Portfolio Mid Cap ETF 0.01 0.03 0.04 366,209 12,241,221 194,366 2,099 1,527 70,170 55,026 195 0.40 48,542 SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.10 0.15 0.10 34,866 2,261,784 15,150 565 663 36,652 42,578 166 0.30 2,647 SHE SPDR SSGA Gender Diversity Index ETF 0.06 0.08 0.06 4,914 353,174 4,582 2,477 3,667 178,022 261,420 129 0.30 22,323 US Style SPYG SPDR Portfolio S&P 500 Growth ETF 0.01 0.04 0.03 369,324 12,195,690 232,804 3,144 2,374 103,815 80,669 136 0.30 74,745 SPYV SPDR Portfolio S&P 500 Value ETF 0.01 0.04 0.03 320,456 9,830,138 199,907 3,905 3,083 119,805 95,326 161 0.30 44,791 MDYG SPDR S&P 400 Mid Cap Growth ETF 0.15 0.10 0.14 52,189 8,157,735 35,944 706 764 110,355 117,702 88 0.40 18,466 MDYV SPDR S&P 400 Mid Cap Value ETF 0.09 0.09 0.09 43,820 4,513,885 38,244 735 981 75,712 99,199 94 0.40 10,196 SLYG SPDR S&P 600 Small Cap Growth ETF 0.52 0.22 0.52 28,371 6,552,424 21,475 1,677 1,887 387,303 434,954 78 0.60 9,520 SLYV SPDR S&P 600 Small Cap Value ETF 0.16 0.12 0.16 78,195 9,992,836 58,364 1,141 1,152 145,808 146,776 99 0.70 23,516 US Sector XLY Consumer Discretionary Select Sector SPDR Fund 0.01 0.01 0.01 4,613,444 451,314,777 4,262,030 5,911 8,446 578,273 796,036 161 0.40 9,843,683 XLP Consumer Staples Select Sector SPDR Fund 0.01 0.02 0.01 10,897,606 617,387,534 10,548,990 52,285 71,918 2,961,945 3,951,175 383 0.30 36,697,572 Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results. INVESTMENT PROFESSIONAL USE ONLY December 2017

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SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 12/15/2017 US Sector (cont’d) XLE Energy Select Sector SPDR Fund 0.01 0.01 0.01 11,103,028 779,688,019 11,104,167 17,337 20,336 1,217,404 1,400,744 220 0.60 29,015,786 XLF Financial Select Sector SPDR Fund 0.01 0.04 0.01 66,170,252 1,847,991,338 57,453,643 607,629 777,102 16,971,078 20,997,296 1,147 0.60 107,019,066 XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 6,922,288 575,267,101 6,552,748 11,332 13,822 941,689 1,140,039 224 0.40 22,248,732 XLI Industrial Select Sector SPDR Fund 0.01 0.01 0.01 9,556,133 712,451,132 8,790,191 15,650 23,045 1,166,708 1,677,906 265 0.40 26,079,833 XLB Materials Select Sector SPDR Fund 0.01 0.02 0.01 4,461,284 266,230,387 4,192,076 16,863 20,003 1,006,384 1,177,977 251 0.40 16,607,702 XLK Technology Select Sector SPDR Fund 0.01 0.02 0.01 11,421,259 730,282,145 9,467,830 39,028 49,849 2,495,450 3,138,992 336 0.40 38,013,416 XLU Utilities Select Sector SPDR Fund 0.01 0.02 0.01 14,080,516 769,549,301 12,204,510 26,995 28,097 1,475,277 1,541,401 314 0.70 45,060,689 XLRE Real Estate Select Sector SPDR Fund 0.01 0.03 0.01 1,603,131 52,913,173 1,672,079 52,318 52,888 1,727,017 1,744,246 473 0.50 3,659,999 US Industry KBE SPDR S&P Bank ETF 0.01 0.02 0.01 2,553,064 121,850,558 2,104,182 4,580 4,925 218,603 228,077 164 0.80 3,252,711 KCE SPDR S&P Capital Markets ETF 0.10 0.17 0.10 20,761 1,192,298 15,018 3,537 2,780 203,130 154,012 145 0.50 49,314 KIE SPDR S&P Insurance ETF 0.02 0.07 0.04 485,116 15,000,269 235,288 6,159 3,412 190,436 164,493 220 0.30 724,601 KRE SPDR S&P Regional Banking ETF 0.01 0.02 0.01 8,378,899 497,183,052 7,090,690 3,227 3,843 191,490 222,087 154 0.80 19,565,676 XBI SPDR S&P Biotech ETF 0.05 0.06 0.04 4,039,662 335,094,193 3,828,977 1,400 1,356 116,130 113,212 143 1.20 24,789,533 XNTK SPDR NYSE Technology ETF 0.11 0.13 0.11 22,289 1,872,678 20,946 724 1,039 60,830 86,507 108 0.50 1,444 XHB SPDR S&P Homebuilders ETF 0.01 0.03 0.01 1,237,889 54,127,171 1,451,598 6,560 8,642 286,869 362,013 190 0.60 9,328,405 Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results. State Street Global Advisors 2

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SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 12/15/2017 US Industry (cont’d) XME SPDR S&P Metals & Mining ETF 0.01 0.03 0.01 3,362,265 114,069,847 2,718,230 6,988 7,913 237,103 258,913 208 1.10 10,572,684 XES SPDR S&P Oil & Gas Equipment & Services ETF 0.02 0.11 0.02 485,491 7,973,976 604,012 10,866 10,596 178,420 168,264 371 1.50 862,631 XITK SPDR FactSet Innovative Technology ETF 0.13 0.16 0.11 2,333 184,120 2,111 375 376 29,591 29,896 247 0.60 2,497 XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.01 0.03 0.01 14,535,843 521,991,365 13,962,564 12,290 12,670 441,334 443,577 241 1.40 55,991,242 XPH SPDR S&P Pharmaceuticals ETF 0.04 0.09 0.04 132,995 5,795,294 111,419 2,418 2,099 105,376 89,417 181 0.70 624,362 XRT SPDR S&P Retail ETF 0.01 0.02 0.01 6,455,982 287,992,164 5,727,005 6,445 7,172 287,511 303,591 180 1.00 19,988,382 XSD SPDR S&P Semiconductor ETF 0.05 0.07 0.05 110,759 7,743,326 100,960 1,748 1,896 122,203 134,047 150 0.70 330,312 XHE SPDR S&P Health Care Equipment ETF 0.20 0.31 0.21 26,477 1,722,519 19,888 430 1,214 27,976 78,400 108 0.40 45,993 XTL SPDR S&P Telecom ETF 0.13 0.00 0.15 8,784 607,621 9,667 2,274 1,407 157,293 96,084 95 0.70 12,873 XAR SPDR S&P Aerospace & Defense ETF 0.06 0.07 0.06 105,273 8,697,156 123,203 2,438 1,979 201,403 161,744 90 0.50 2,315,125 XHS SPDR S&P Health Care Services ETF 0.18 0.30 0.17 3,764 228,660 6,687 1,191 1,791 72,353 105,866 94 0.50 16,351 XSW SPDR S&P Software & Services ETF 0.22 0.32 0.23 3,363 232,494 3,323 3,500 3,509 241,955 240,612 99 0.50 1,669 XTH SPDR S&P Technology Hardware ETF 0.19 0.25 0.21 928 71,519 624 2,721 3,216 209,653 251,588 167 1.30 5,666 XTN SPDR S&P Transportation ETF 0.06 0.00 0.05 39,990 2,581,134 28,071 1,900 1,739 122,645 108,218 127 0.60 20,439 XWEB SPDR S&P Internet ETF 0.28 0.00 0.27 329 22,853 337 4,214 4,226 292,957 305,202 15 1.20 486 Real Estate Equities RWR SPDR Dow Jones REIT ETF 0.04 0.04 0.04 127,860 11,978,300 124,670 1,816 1,621 170,123 151,482 138 0.50 49,198 RWO SPDR Dow Jones Global Real Estate ETF 0.05 0.10 0.04 177,847 8,662,166 202,996 846 966 41,209 46,600 149 0.40 57,858 RWX SPDR Dow Jones International Real Estate ETF 0.01 0.04 0.01 793,830 31,693,875 619,113 5,940 6,230 237,184 244,029 298 0.30 634,257 Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results. State Street Global Advisors 3

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SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 12/15/2017 Global Equities DGT SPDR Global Dow ETF 0.48 0.56 0.44 1,433 121,316 2,143 593 666 50,203 55,131 119 0.30 773 GII SPDR S&P Global Infrastructure ETF 0.07 0.13 0.12 17,064 895,239 16,023 600 600 31,476 31,536 206 0.30 4,418 GNR SPDR S&P Global Natural Resources ETF 0.08 0.18 0.09 139,455 6,614,919 120,930 1,247 1,359 59,145 63,968 171 0.50 75,470 CWI SPDR MSCI ACWI ex-US ETF 0.02 0.06 0.02 156,764 6,059,977 131,265 7,039 9,076 272,128 349,971 302 0.40 8,363 ACIM SPDR MSCI ACWI IMI ETF 0.42 0.54 0.36 3,133 245,889 3,256 482 434 37,827 33,622 64 0.40 1,441 EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.27 0.37 0.27 1,454 105,629 1,224 530 515 38,494 37,168 61 0.40 3,115 SPDW SPDR Portfolio World ex- US ETF 0.02 0.05 0.02 647,031 20,316,390 26,615,104 34,843 23,446 1,094,070 732,795 310 0.30 287,810 GWX SPDR S&P International Small Cap ETF 0.06 0.16 0.06 123,528 4,405,647 186,401 822 1,443 29,321 51,111 150 0.60 10,279 LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.22 0.24 0.21 1,640 147,153 2,654 236 264 21,174 23,388 98 0.40 431 International Developed Equities—Region/Country FEZ SPDR EURO STOXX 50 ETF 0.01 0.02 0.01 3,002,965 123,062,554 2,310,933 78,348 81,337 3,210,701 3,345,391 426 0.30 5,279,518 FEU SPDR STOXX Europe 50 ETF 0.06 0.16 0.06 56,289 2,008,858 71,504 890 986 31,764 35,131 125 0.40 11,622 SMEZ SPDR EURO STOXX Small Cap ETF 0.19 0.30 0.18 3,474 218,540 5,652 488 519 30,695 32,453 120 0.40 12,063 Emerging Market Equities SPEM SPDR Portfolio Emerging Markets ETF 0.02 0.07 0.04 412,378 15,350,103 282,398 2,398 1,774 89,254 69,393 149 0.50 51,225 GMF SPDR S&P Emerging Asia Pacific ETF 0.19 0.18 0.19 26,258 2,694,461 20,566 478 505 49,052 51,970 92 0.70 103,744 EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.36 0.53 0.31 2,622 178,414 2,236 232 281 15,785 19,156 160 1.00 3,365 EWX SPDR S&P Emerging Markets Small Cap ETF 0.07 0.13 0.07 63,739 3,228,075 53,569 762 732 38,595 37,061 159 0.60 138,605 Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results. State Street Global Advisors 4

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SPDR® ETF Trading Report
Ticker ETF Name
Spread
($)
Spread
(%)
Spread ($)
vs. 3 mo.
trailing
Consolidated
Avg. Daily
Volume
(shares)
Consolidated
Avg. Daily
Volume ($)
Consolidated Avg.
Daily Volume
(shares) vs.
3 mo. trailing
Avg.
Quote Size
(shares)
Avg.
Quote Size (Shares) vs. 3
mo. trailing Avg.
Quote Size ($) Avg. Quote
Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 12/15/2017 Emerging Market Equities (cont’d) GXC SPDR S&P China ETF 0.12 0.11 0.11 67,605 7,140,261 78,551 306 327 32,320 35,041 65 0.90 31,192 XINA SPDR MSCI China A Shares IMI ETF 0.09 0.39 0.10 9,169 217,994 4,269 284 289 6,754 6,910 236 0.70 8,736 Advanced Beta—Income EDIV SPDR S&P Emerging Markets Dividend ETF 0.08 0.26 0.07 43,135 1,374,884 49,924 805 738 25,655 22,841 145 0.60 19,041 DWX SPDR S&P International Dividend ETF 0.04 0.11 0.04 109,243 4,474,845 96,232 1,433 1,120 58,696 45,506 178 0.30 13,215 SDY SPDR S&P Dividend ETF 0.03 0.03 0.02 481,052 45,800,355 420,663 2,005 1,817 190,896 170,326 158 0.40 231,285
WDIV SPDR S&P Global Dividend ETF 0.09 0.12 0.08 11,156 781,577 9,615 537 514 37,622 35,451 106 0.30 2,973 SPYD SPDR Portfolio S&P 500 High Dividend ETF 0.01 0.03 0.02 159,652 6,013,649 120,606 2,069 1,572 77,939 58,305 210 0.40 29,384 Advanced Beta—Multi Factor
QCAN SPDR MSCI Canada StrategicFactors ETF 0.05 0.09 0.05 1,862 112,602 1,583 989 986 59,805 59,436 153 0.50 2,829 QDEU SPDR MSCI Germany StrategicFactors ETF 0.06 0.09 0.05 583 38,097 1,248 995 941 64,983 61,024 67 0.40 1,441
QJPN SPDR MSCI Japan StrategicFactors ETF 0.26 0.33 0.26 919 72,456 2,622 459 487 36,197 37,747 28 0.40 568 QGBR SPDR MSCI United Kingdom StrategicFactors ETF 0.17 0.32 0.16 809 42,791 908 913 884 48,316 46,728 94 0.50 765 QEFA SPDR MSCI EAFE StrategicFactors ETF 0.28 0.44 0.31 24,548 1,586,998 14,305 974 899 62,969 57,878 184 0.30 7,238
QWLD SPDR MSCI World StrategicFactors ETF 0.18 0.24 0.20 139 10,462 151 982 982 73,994 72,609 18 0.50 84 QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.36 0.57 0.29 7,726 488,601 7,270 452 543 28,584 34,225 180 0.60 95,044 QUS SPDR MSCI USA StrategicFactors ETF 0.10 0.13 0.10 11,502 884,752 6,033 222 301 17,076 22,798 132 0.20 15,123
Advanced Beta—Single Factor SPYB SPDR S&P 500 Buyback ETF 0.15 0.24 0.15 3,222 200,724 1,326 3,670 3,856 228,641 237,067 80 0.40 2,473
Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results. State Street Global Advisors
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SPDR® ETF Trading Report
Ticker ETF Name
Spread
($)
Spread
(%)
Spread ($)
vs. 3 mo.
trailing
Consolidated
Avg. Daily
Volume
(shares)
Consolidated
Avg. Daily
Volume ($)
Consolidated Avg.
Daily Volume
(shares) vs.
3 mo. trailing
Avg.
Quote Size
(shares)
Avg.
Quote Size
(Shares) vs. 3
mo. trailing
Avg.
Quote
Size ($)
Avg. Quote
Size ($)
vs. 3 mo.
trailing
Avg.
Trade
Size
Daily
Volatility
(%)
Short
Interest as
of
12/15/2017
Advanced Beta—Single Factor (cont’d)
VLU SPDR S&P 1500 Value Tilt ETF 0.27 0.27 0.50 779 79,217 712 2,205 1,410 224,204 140,351 56 0.30 84
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.54 0.47 0.54 818 93,407 729 670 760 76,501 84,740 27 0.30 4,018
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.11 0.12 0.14 4,690 428,915 3,574 315 293 28,807 26,684 57 0.30 6,602
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.26 0.27 0.26 41,696 3,917,570 21,593 1,812 1,811 170,256 171,610 93 0.60 30,676
ONEY SPDR Russell 1000 Yield Focus ETF 0.12 0.16 0.14 921 65,543 462 379 472 26,977 33,729 62 1.00 390
ONEO SPDR Russell 1000 Momentum Focus ETF 0.16 0.21 0.16 16,482 1,225,887 10,018 526 522 39,124 38,717 125 0.60 26,047
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.15 0.20 0.16 1,487 111,245 1,414 499 665 37,325 48,931 168 0.50 1,777
Advanced Beta—Fixed Income
CBND
SPDR Bloomberg Barclays Issuer Scored Corporate Bond
ETF 0.10 0.31 0.09 1,211 39,088 4,401 666 461 21,498 14,890 120 0.20 1,142
Fixed Income—US Government
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF 0.01 0.01 0.01 404,888 37,014,097 511,592 732,275 1,090,554 66,944,581 62,837,721 392 0.00 163,276
ITE SPDR Bloomberg Barclays Intermediate Term Treasury ETF 0.07 0.11 0.06 94,930 5,646,523 66,621 5,878 6,859 349,623 409,277 379 0.10 19,647
SPTL SPDR Portfolio Long Term Treasury ETF 0.03 0.08 0.03 239,072 8,743,917 129,240 6,183 6,294 226,112 238,590 261 0.50 22,801
IPE SPDR Bloomberg Barclays TIPS ETF 0.04 0.08 0.05 127,310 7,158,042 77,621 6,025 5,503 338,786 310,039 520 0.20 53,582
SPTS SPDR Portfolio Short Term Treasury ETF 0.01 0.03 0.02 145,450 4,351,941 1,992 3,176 4,729 95,026 142,006 257 0.10 48,307
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF 0.03 0.14 0.03 178,761 3,462,615 71,077 1,055 1,238 20,435 24,017 405 0.20 54,957
Fixed Income—US Investment Grade Corporates
SPSB SPDR Portfolio Short Term Corporate Bond ETF 0.01 0.04 0.01 1,025,201 31,209,733 684,461 14,710 17,707 447,772 541,147 449 0.10 155,902
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF 0.02 0.05 0.02 553,051 18,940,911 35,799,014 6,847 8,928 234,510 307,088 214 0.10 222,701
Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
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SPDR® ETF Trading Report
Ticker ETF Name
Spread
($)
Spread
(%)
Spread ($)
vs. 3 mo.
trailing
Consolidated
Avg. Daily
Volume
(shares)
Consolidated
Avg. Daily
Volume ($)
Consolidated Avg.
Daily Volume
(shares) vs.
3 mo. trailing
Avg.
Quote Size
(shares)
Avg.
Quote Size
(Shares) vs. 3
mo. trailing
Avg.
Quote
Size ($)
Avg. Quote
Size ($)
vs. 3 mo.
trailing
Avg.
Trade
Size
Daily
Volatility
(%)
Short
Interest as
of
12/15/2017
Fixed Income—US Investment Grade Corporates (cont’d)
SPLB SPDR Portfolio Long Term Corporate Bond ETF 0.02 0.08 0.04 116,578 3,308,528 110,450 5,170 2,752 146,725 79,254 182 0.40 18,625
FLRN
SPDR Bloomberg Barclays Investment Grade Floating Rate
ETF 0.01 0.04 0.01 359,742 11,043,018 414,842 6,237 8,775 191,476 269,656 231 0.00 141,018
Fixed Income—High Yield
JNK SPDR Bloomberg Barclays High Yield Bond ETF 0.01 0.03 0.01 8,190,519 300,567,553 9,417,017 82,840 96,965 3,040,228 3,575,100 561 0.10 33,156,903
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 0.01 0.04 0.01 1,106,494 30,494,800 1,648,063 30,914 31,097 851,990 861,387 446 0.10 237,911
CJNK SPDR ICE BofAML Crossover Corporate Bond ETF 0.18 0.67 0.21 35,644 945,449 27,472 457 461 12,120 12,258 215 0.20 14,331
Fixed Income—US Mortgage
MBG SPDR Bloomberg Barclays Mortgage Backed Bond ETF 0.05 0.18 0.05 41,346 1,077,757 41,614 898 839 23,411 21,948 162 0.10 6,194
Fixed Income—US Aggregate
SPAB SPDR Portfolio Aggregate Bond ETF 0.02 0.08 0.03 645,468 18,545,616 385,115 9,093 7,642 261,242 225,502 380 0.10 108,654
Fixed Income—Hybrids
CWB SPDR Bloomberg Barclays Convertible Securities ETF 0.01 0.03 0.01 719,686 36,735,420 686,631 1,646 1,959 84,012 100,595 144 0.40 422,629
PSK SPDR Wells Fargo Preferred Stock ETF 0.04 0.09 0.05 75,992 3,387,995 60,961 3,260 2,687 145,331 119,921 158 0.20 41,400
Fixed Income—Municipal
SHM
SPDR Nuveen Bloomberg Barclays Short Term Municipal
Bond ETF 0.02 0.03 0.01 887,199 42,555,673 483,772 4,673 7,788 224,164 374,914 378 0.10 216,133
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 0.03 0.06 0.02 600,263 29,334,439 423,305 1,997 2,607 97,593 127,456 210 0.20 348,851
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.14 0.25 0.14 110,679 6,156,725 93,639 632 617 35,158 34,416 127 0.20 2,868
Fixed Income—International
WIP
SPDR Citi International Government Inflation-Protected
Bond ETF 0.10 0.17 0.11 39,645 2,262,527 43,783 535 721 30,532 40,996 132 0.30 9,476
Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
7

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SPDR® ETF Trading Report
Ticker ETF Name
Spread
($)
Spread
(%)
Spread ($)
vs. 3 mo.
trailing
Consolidated
Avg. Daily
Volume
(shares)
Consolidated
Avg. Daily
Volume ($)
Consolidated Avg.
Daily Volume
(shares) vs.
3 mo. trailing
Avg.
Quote Size
(shares)
Avg.
Quote Size
(Shares) vs. 3
mo. trailing
Avg.
Quote
Size ($)
Avg. Quote
Size ($)
vs. 3 mo.
trailing
Avg.
Trade
Size
Daily
Volatility
(%)
Short
Interest as
of
12/15/2017
Fixed Income—International (cont’d)
BWZ
SPDR Bloomberg Barclays Short Term International
Treasury Bond ETF 0.08 0.26 0.11 34,138 1,088,280 28,517 1,173 1,162 37,395 36,963 284 0.20 57,789
BWX SPDR Bloomberg Barclays International Treasury Bond ETF 0.02 0.07 0.02 526,433 14,959,360 447,899 1,577 1,579 44,818 44,480 239 0.30 558,741
IBND
SPDR Bloomberg Barclays International Corporate Bond
ETF 0.09 0.26 0.09 70,321 2,466,563 50,239 990 891 34,729 30,980 168 0.20 29,526
EBND
SPDR Bloomberg Barclays Emerging Markets Local Bond
ETF 0.05 0.16 0.05 175,125 5,160,229 162,465 614 715 18,095 20,971 186 0.30 255,301
Commodity
GLD® SPDR Gold Trust® 0.01 0.01 0.01 7,292,835 876,726,941 6,439,331 13,208 12,389 1,587,866 1,501,175 202 0.40 12,776,413
NANR SPDR S&P North American Natural Resources ETF 0.05 0.14 0.06 37,127 1,279,861 29,226 1,512 1,437 52,119 49,059 145 0.60 820
Active—Asset Allocation
RLY SPDR SSgA Multi-Asset Real Return ETF 0.10 0.39 0.10 18,955 492,602 15,745 5,740 5,244 149,183 134,613 155 0.30 7,004
INKM SPDR SSgA Income Allocation ETF 0.08 0.23 0.08 6,246 210,736 6,257 11,826 10,389 399,009 347,200 149 0.20 1,493
GAL SPDR SSgA Global Allocation ETF 0.07 0.17 0.06 14,392 549,259 13,488 10,250 9,501 391,140 357,903 185 0.30 5,579
DWFI SPDR Dorsey Wright Fixed Income Allocation ETF 0.05 0.22 0.05 49,706 1,262,809 32,442 3,281 4,614 83,337 117,611 607 0.30 3,165
Active—Equity
SYE SPDR MFS Systematic Core Equity ETF 0.18 0.23 0.17 3,373 253,945 2,277 658 531 49,541 39,252 58 0.50 3,096
SYG SPDR MFS Systematic Growth Equity ETF 0.17 0.21 0.17 8,576 679,762 6,264 361 466 28,613 36,478 111 0.40 12,635
SYV SPDR MFS Systematic Value Equity ETF 0.10 0.15 0.10 2,105 140,344 1,347 485 402 32,330 26,218 94 0.50 2,884
Active—Fixed Income
TOTL SPDR DoubleLine Total Return Tactical ETF 0.02 0.04 0.02 432,509 21,016,157 364,246 4,769 3,906 231,726 190,808 269 0.10 23,601
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF 0.11 0.22 0.13 6,770 344,218.21 6,953 1,850.85 1,426.47 93,960.11 72,696.77 209 0.1565 3,473
Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results.
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SPDR® ETF Trading Report
Ticker ETF Name
Spread
($)
Spread
(%)
Spread ($)
vs. 3 mo.
trailing
Consolidated
Avg. Daily
Volume
(shares)
Consolidated
Avg. Daily
Volume ($)
Consolidated Avg.
Daily Volume
(shares) vs.
3 mo. trailing
Avg.
Quote Size
(shares)
Avg.
Quote Size
(Shares) vs. 3
mo. trailing
Avg.
Quote
Size ($)
Avg. Quote
Size ($)
vs. 3 mo.
trailing
Avg.
Trade
Size
Daily
Volatility
(%)
Short
Interest as
of
12/15/2017
Active—Fixed Income (cont’d)
STOT SPDR DoubleLine Short Duration Total Return Tactical ETF 0.05 0.11 0.05 8,956 442,291.64 7,091 824.66 768.82 40,756.69 38,053.80 210 0.1405 20,523
SRLN SPDR Blackstone / GSO Senior Loan ETF 0.02 0.03 0.01 280,873 13,259,504 352,308 3,950 13,093 186,480 619,823 194 0.10 96,959
ULST SPDR SSgA Ultra Short Term Bond ETF 0.06 0.16 0.06 6,495 261,484 5,585 2,218 3,174 89,297 127,817 247 0.10 1,770
Source: NYSE, Nasdaq and BATS as of 12/31/2017. Past performance is not a guarantee of future results.
Prior to 10/16/2017, the SPDR Portfolio Total Stock Market ETF (SPTM) was known as the SPDR Russell 3000® ETF (THRK), the SPDR Portfolio Large Cap ETF (SPLG) was known as the SPDR Russell 1000® ETF (ONEK), the SPDR Portfolio Mid Cap ETF (SPMD) was
known as the SPDR S&P 1000® ETF (SMD), the SPDR Portfolio Small Cap ETF (SPSM) was known as the SPDR Russell 2000® ETF (TWOK), the SPDR Portfolio S&P 500 Growth ETF (SPYG) was known as the SPDR S&P 500 Growth ETF (SPYG), the SPDR Portfolio S&P
500 Value ETF (SPYV) was known as the SPDR S&P 500 Value ETF (SPYV), the SPDR Portfolio S&P 500 High Dividend ETF (SPYD) was known as the SPDR S&P 500 High Dividend ETF (SPYD), the SPDR Portfolio Developed World ex-US ETF (SPDW) was known as the
SPDR S&P World ex-US ETF (GWL), the SPDR Portfolio Emerging Markets ETF (SPEM) was known as the SPDR S&P Emerging Markets ETF (GMM), the SPDR Portfolio Aggregate Bond ETF (SPAB) was known as the SPDR Bloomberg Barclays Aggregate Bond ETF
(BNDS), the SPDR Portfolio Short Term Corporate Bond ETF (SPSB) was known as the SPDR Bloomberg Barclays Short Term Corporate Bond ETF (SCPB), the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) was known as the SPDR Bloomberg Barclays
Intermediate Term Corporate Bond ETF (ITR), the SPDR Portfolio Long Term Corporate Bond ETF (SPLB) was known as the SPDR Bloomberg Barclays Long Term Corporate Bond ETF (LWC), the SPDR Portfolio Short Term Treasury ETF (SPTS) was known as the SPDR
Bloomberg Barclays Short Term Treasury ETF (SST), and the SPDR Portfolio Long Term Treasury ETF (SPTL) was known as the SPDR Bloomberg Barclays Long Term Treasury ETF (TLO).
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SPDR® ETF Trading Report
ssga.com | spdrs.com
Not FDIC Insured • No Bank Guarantee • May Lose Value
State Street Global Advisors © 2018 State Street Corporation. All Rights Reserved.
2004547.1.1.NA.INST Exp. Date: 2/28/2019 SPD001574
State Street Global Advisors One Lincoln Street, Boston, MA 02111-2900. T: +1 617 786 3000.
Important Risk Information
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or
below the ETFs’ net asset value. Brokerage commissions and ETF expenses will reduce returns.
While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions
and may trade at significant discounts in periods of market stress.
Commodities and commodity-index linked securities may be affected by changes in overall market movements,
changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory
developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.
Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any
savings from low fees or costs.
Diversification does not ensure a profit or guarantee against loss.
Investing in commodities entails significant risk and is not appropriate for all investors.
Important Information Relating to SPDR Gold Trust (“GLD®”):
The SPDR Gold Trust (“GLD”) has filed a registration statement (including a prospectus) with the Securities and
Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you
should read the prospectus in that registration statement and other documents GLD has filed with the SEC for
more complete information about GLD and this offering. Please see the GLD prospectus for a detailed
discussion of the risks of investing in GLD shares. When distributed electronically, the GLD prospectus is
available by clicking here. You may get these documents for free by visiting EDGAR on the SEC website at
sec.gov or by visiting spdrgoldshares.com. Alternatively, the Trust or any authorized participant will arrange to
send you the prospectus if you request it by calling 866.320.4053.
GLD is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is
not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of the
Trust do not have the protections associated with ownership of shares in an investment company registered
under the 1940 Act or the protections afforded by the CEA.
GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLD
shares relates directly to the value of the gold held by GLD (less its expenses), and fluctuations in the price of
gold could materially and adversely affect an investment in the shares. The price received upon the sale of the
shares, which trade at market price, may be more or less than the value of the gold represented by them. GLD
does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of
gold represented by each Share will decline over time to that extent.
Standard & Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these
trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain
purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed,
sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of
such parties make any representation regarding the advisability of investing in such product(s) nor do they have
any liability in relation thereto.
For more information, please contact the Marketing Agent for GLD: State Street Global Advisors Funds
Distributors, LLC, One Lincoln Street, Boston, MA, 02111;
T: +1 866 320 4053 spdrgoldshares.com
The trademarks and service marks referenced herein are the property of their respective owners. Third party
data providers make no warranties or representations of any kind relating to the accuracy, completeness or
timeliness of the data and have no liability for damages of any kind relating to the use of such data.
State Street Global Advisors and SSGA are registered trademarks of State Street Corporation.
There is no relationship between Dorsey Wright & Associates, LLC (collectively with its parent companies and
affiliates, “Dorsey Wright”) and State Street Global Advisors (“SSGA”) other than a license by Dorsey Wright to
SSGA of certain Dorsey Wright trademarks and trade names, and the Dorsey Wright Fixed Income Rotation Index
(“Index”), for use by SSGA.
BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a
trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing
and trading of the SPDR Bloomberg Barclays ETFs.
Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned
subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its
affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors,
Inc., a registered broker-dealer, is distributor for SPDR S&P 500, SPDR S&P MidCap 400 and SPDR Dow Jones
Industrial Average, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for
Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with
State State Street Global Advisors Funds Distributors, LLC.
State Street Global Advisors Funds Distributors, LLC is the distributor for certain registered products on behalf of
the advisor. SSGA Funds Management has retained Nuveen Asset Management, LLC as the sub-advisor to
certain of such funds. State Street Global Advisors Funds Distributors, LLC is not affiliated with Nuveen Asset
Management, LLC
Before investing, consider the funds’ investment objectives, risks, charges and expenses. To
obtain a prospectus or summary prospectus which contains this and other information, call
866.787.2257 or visit spdrs.com. Read it carefully.

SPDR^® GOLD TRUST has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the Trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any Authorized Participant will arrange to send you the prospectus if you request it by calling toll free at 1-866-320-4053 or contacting State Street Global Advisors Funds Distributors, LLC, One Lincoln Street, Attn: SPDR^® Gold Shares, 30th Floor, Boston, MA 02111.