Edgar Filing: SPDR GOLD TRUST

SPDR ETF Trading Report

Filed Pursuant To Rule 433

Registration No. 333-209926

December 22, 2016

SPDR® ETF Trading Report
November 2016
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 11/15/2016
US Core
SPY SPDR S&P 500® ETF 0.01 0.00 0.01 98,753,539 22,583,314,463 96,861,429 15,376 15,376 3,319,832 22,583,314,463 261 0.50 242,139,501
MDY SPDR S&P MidCap 400® ETF 0.06 0.02 0.05 1,639,261 499,206,489 1,379,076 1,843 1,843 526,471 499,206,489 128 0.70 2,900,864
SLY SPDR S&P 600 Small Cap ETF 0.37 0.32 0.28 30,958 3,974,629 23,240 2,975 2,975 345,874 3,974,629 132 1.00 42,155
DIA SPDR Dow Jones Industrial Average ETF Trust 0.02 0.00 0.01 3,951,351 764,316,217 3,447,338 1,584 1,584 295,717 764,316,217 139 0.50 7,676,012
THRK SPDR Russell 3000 ETF 0.66 0.40 0.52 4,782 891,794 11,455 2,105 2,105 339,116 891,794 66 0.50 2,179
TWOK SPDR Russell 2000® ETF 0.27 0.36 0.22 20,785 1,649,538 25,415 5,140 5,140 386,425 1,649,538 152 0.90 5,750
ONEK SPDR Russell 1000 ETF 0.49 0.48 0.34 5,504 780,079 4,775 2,884 2,884 293,908 780,079 107 0.40 7,069
SMD SPDR S&P 1000 ETF 0.63 0.74 0.48 6,438 597,458 22,502 984 984 83,492 597,458 136 0.90 912
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.19 0.36 0.13 4,036 249,754 6,262 16,394 16,394 857,570 249,754 134 0.50 2,059
SHE SPDR SSGA Gender Diversity Index ETF 0.08 0.12 0.07 1,035 101,822 1,167 7,113 7,113 457,224 101,822 131 0.60 1,573
US Style
SPYG SPDR S&P 500 Growth ETF 0.26 0.24 0.22 31,138 3,524,448 24,131 3,398 3,398 352,135 3,524,448 131 0.60 24,092
SPYV SPDR S&P 500 Value ETF 0.23 0.21 0.17 12,472 1,466,818 9,755 2,921 2,921 306,676 1,466,818 106 0.60 8,309
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.39 0.31 0.34 19,087 2,622,303 19,516 2,910 2,910 367,970 2,622,303 82 0.70 19,168
MDYV SPDR S&P 400 Mid Cap Value ETF 0.30 0.34 0.24 39,516 3,751,517 34,632 5,676 5,676 509,080 3,751,517 138 0.70 24,944
SLYG SPDR S&P 600 Small Cap Growth ETF 0.70 0.36 0.51 23,690 4,968,926 21,636 2,511 2,511 486,908 4,968,926 100 1.00 16,950
SLYV SPDR S&P 600 Small Cap Value ETF 0.33 0.30 0.24 53,308 6,286,317 44,157 2,413 2,413 271,824 6,286,317 143 1.00 23,404
US Sector
XLY Consumer Discretionary Select Sector SPDR Fund 0.01 0.01 0.01 6,850,990 717,098,025 5,968,462 8,593 8,593 681,253 717,098,025 176 0.60 20,561,027
XLP Consumer Staples Select Sector SPDR Fund 0.01 0.01 0.01 17,530,592 1,033,338,603 14,860,504 46,466 46,466 2,379,989 1,033,338,603 432 0.70 71,839,502
XLE Energy Select Sector SPDR Fund 0.01 0.01 0.01 17,536,455 1,404,755,708 16,412,511 7,328 7,328 518,603 1,404,755,708 169 1.20 33,417,249
XLF Financial Select Sector SPDR Fund 0.01 0.04 0.01 108,901,451 2,469,357,301 71,263,204 916,397 916,397 19,693,372 2,469,357,301 1,530 1.00 95,594,568
XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 15,462,318 1,275,165,429 11,220,486 12,598 12,598 869,388 1,275,165,429 215 0.90 28,747,654
XLI Industrial Select Sector SPDR Fund 0.01 0.01 0.01 15,811,607 1,105,317,879 12,377,039 22,870 22,870 1,376,317 1,105,317,879 320 0.70 29,976,770
Source: ArcaVision. Data is as of November 30, 2016. 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 11/15/2016
Active - Fixed Income (cont’d)
ULST SPDR SSGA Ultra Short Term Bond ETF 0.18 0.28 0.17 7,146 356,300 10,501 8,187 7,621 409,180 383,019 300 0.37 12,014
Source: ArcaVision. Data is as of November 30, 2016. Past performance is not a guarantee of future results.
Prior to 12/13/2016, the SPDR SSGA US Large Cap Low Volatility Index ETF was known as the SPDR Russell 1000® Low Volatility ETF and the SPDR SSGA US Small Cap Low Volatility Index ETF was known as the SPDR Russell 2000® Low Volatility ETF.
Prior to October 31, 2016, the SPDR Bloomberg Barclays ETFs were known as the SPDR Barclays ETFs.
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For investment professional use only. Not for use with the public.
State Street Global Advisors, One Lincoln Street, Boston, MA 02111-2900. T: +1 617 664 7727.
Important Risk Information
ETFs trade like stocks, 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.
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. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting spdrgoldshares.com. Alternatively, the SPDR Gold Trust 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. Investing involves risk, and you could lose money on an investment in GLD.
Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. When this document is distributed electronically, the GLD prospectus is available by clicking here. For more information: State Street Global Markets, LLC (Marketing Agent for GLD), 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.
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.
Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a 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 Street Global Markets, LLC.
State Street Global Markets, LLC is the distributor for certain registered products on behalf of the advisor. SSGA Funds Management has retained GSO Capital Partners, Nuveen Asset Management & Massachusetts Financial Services Company & DoubleLine Capital LP as the sub-advisor. GSO Capital Partners, Nuveen Asset Management, MFS, and DoubleLine Capital LP are not affiliated with State Street Global Markets, 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 +1 617 664 7727 or visit spdrs.com. Read it carefully.
Not FDIC Insured ● No Bank Guarantee ● May Lose Value
© 2016 State Street Corporation. All Rights Reserved.
State Street Global Advisors
ID8328-IBG-22248 1216 Exp. Date: 12/31/2017 SPD001229

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 Markets, LLC, One Lincoln Street, Attn: SPDR® Gold Shares, 30th Floor, Boston, MA 02111.