Filed Pursuant To Rule 433
Registration No. 333-217785
April 10, 2018
March 2018 INVESTMENT PROFESSIONAL USE ONLY SPDR® ETF Options Report Ticker Name 20 Day Average ETF Volume 20 Day Average Total Option Volume 20 Day Average Call Option Volume 20 Day Average Put Option Volume Total Open Interest (Call) Total Open Interest (Put) SPY SPDR S&P 500 ETF Trust 107,967,496 4,077,175 1,643,505 2,433,671 8,341,748 14,325,170 XLF Financial Select Sector SPDR Fund 60,917,504 159,520 71,175 88,346 1,463,476 1,676,863 XLU Utilities Select Sector SPDR Fund 18,175,640 41,541 21,989 19,553 292,334 269,069 XLK Technology Select Sector SPDR Fund 16,249,236 34,810 13,045 21,766 165,976 293,813 XLP Consumer Staples Select Sector SPDR Fund 15,172,486 14,385 6,143 8,243 116,849 185,820 XLI Industrial Select Sector SPDR Fund 14,449,078 31,870 9,732 22,138 132,976 280,344 XLE Energy Select Sector SPDR Fund 13,980,632 50,134 26,322 23,813 488,803 546,067 XOP SPDR S&P Oil & Gas Exploration & Production ETF 13,920,739 70,137 30,291 39,847 832,572 1,341,216 JNK SPDR Bloomberg Barclays High Yield Bond ETF 11,526,782 4,746 1,304 3,442 37,239 131,176 XLV Health Care Select Sector SPDR Fund 8,457,260 11,883 6,719 5,165 100,168 138,906 XLB Materials Select Sector SPDR Fund 6,639,137 7,889 2,760 5,130 41,125 97,943 GLD® SPDR Gold Shares 6,594,135 102,147 68,295 33,852 1,429,759 775,249 XLY Consumer Discretionary Select Sector SPDR Fund 6,216,088 10,673 5,810 4,864 81,531 123,255 KRE SPDR S&P Regional Banking ETF 6,211,092 41,819 19,202 22,618 535,309 301,836 DIA SPDR Dow Jones Industrial Average ETF Trust 5,804,029 67,845 35,745 32,100 382,117 257,544 XRT SPDR S&P Retail ETF 5,293,712 18,375 2,567 15,808 26,782 106,760 XLRE Real Estate Select Sector SPDR Fund 5,285,945 338 99 239 3,198 4,384 XBI SPDR S&P Biotech ETF 4,520,936 37,889 9,849 28,041 126,811 352,008 FEZ SPDR EURO STOXX 50 ETF 4,241,306 4,392 1,705 2,688 85,758 98,330 XME SPDR S&P Metals & Mining ETF 2,849,250 10,521 2,447 8,075 44,521 140,796 XHB SPDR S&P Homebuilders ETF 2,678,231 6,994 2,889 4,106 48,652 48,401 KBE SPDR S&P Bank ETF 2,425,164 1,976 412 1,564 18,120 57,433 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 1,939,578 2 2 1 38 170 MDY SPDR S&P MidCap 400 ETF Trust 1,357,699 1,612 775 837 18,374 14,873 CWB SPDR Bloomberg Barclays Convertible Securities ETF 1,353,162 132 84 48 1,472 405 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 1,049,262 10 10 1 453 277 XES SPDR S&P Oil & Gas Equipment & Services ETF 790,981 146 123 23 2,195 578 Source: Bloomberg as of 03/31/2018.
SPDR® ETF Options Report 2 State Street Global Advisors Ticker Name 20 Day Average ETF Volume 20 Day Average Total Option Volume 20 Day Average Call Option Volume 20 Day Average Put Option Volume Total Open Interest (Call) Total Open Interest (Put) SPYG SPDR Portfolio S&P 500 Growth ETF 712,621 — — 1 — 10 KIE SPDR S&P Insurance ETF 688,111 26 22 5 485 692 RWX SPDR Dow Jones International Real Estate ETF 640,889 5 1 4 120 208 SDY SPDR S&P Dividend ETF 502,026 41 24 18 1,028 753 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 471,927 1 1 — 4 — SPDW SPDR Portfolio Developed World ex-US ETF 427,154 3 1 2 53 38 RWR SPDR Dow Jones REIT ETF 329,647 8 5 3 177 167 RWO SPDR Dow Jones Global Real Estate ETF 239,848 — — — 20 — EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 167,156 15 2 13 96 10 XSD SPDR S&P Semiconductor ETF 155,618 6 5 2 126 109 XAR SPDR S&P Aerospace & Defense ETF 138,178 30 18 12 541 250 GNR SPDR S&P Global Natural Resources ETF 123,248 140 138 2 6,843 54 DWX SPDR S&P International Dividend ETF 88,569 1 1 1 31 26 GXC SPDR S&P China ETF 81,140 21 13 8 173 183 GWX SPDR S&P International Small Cap ETF 73,074 — 7 — 146 3 EDIV SPDR S&P Emerging Markets Dividend ETF 66,136 3 2 1 86 82 XPH SPDR S&P Pharmaceuticals ETF 50,584 3 2 1 91 129 HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 47,275 — 1 — 41 20 EWX SPDR S&P Emerging Markets SmallCap ETF 45,370 2 1 1 42 99 NANR SPDR S&P North American Natural Resources ETF 26,351 — 1 — 1 — GMF SPDR S&P Emerging Asia Pacific ETF 18,114 3 1 2 50 104 KCE SPDR S&P Capital Markets ETF 15,106 5 5 1 96 69 Source: Bloomberg as of 03/31/2018.
State Street Global Advisors ssga.com | spdrs.com | spdrgoldshares.com Not for public use. State Street Global Advisors One Iron Street, Boston MA 02210. T: +1 866 787 2257. Important Risk Information This material has been created for informational purposes only and does not constitute investment advice and it should not be relied on as such. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. There is no representation or warranty as to the current accuracy of, or liability for, decisions made based on this material. All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. 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. Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies. Select Sector SPDR Funds bear a higher level of risk than more broadly diversified funds. All ETFs are subject to risk, including the possible loss of principal. Sector ETFs products are also subject to sector risk and non-diversification risk, which generally results in greater price fluctuations than the overall market. Non-diversified funds that focus on a relatively small number of stocks or countries tend to be more volatile than diversified funds and the market as a whole. Options investing entail a high degree of risk and may not be appropriate for all investors. 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. 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 Shares Trust 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, including for any errors, omissions, or interruptions of any index. For more information, please contact the Marketing Agent for GLDW: State Street Global Advisors Funds Distributors, LLC, One Iron Street, Boston MA 02210. 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. 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., member FINRA, is distributor for SPDR S&P 500, SPDR S&P MidCap 400 and SPDR Dow Jones Industrial Average, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, 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. © 2018 State Street Corporation. All Rights Reserved. ID12546-2047512.3.1.NA.INST 0418 Exp. Date: 04/30/2019 SPD001630 SPDR® ETF Options Report
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.