SPDR ETF Options Report February 2017

Filed Pursuant To Rule 433

Registration No. 333-209926

March 23, 2017

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SPDR ETF Options Report February 2017 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open Ticker Name ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put) SPY SPDR S&P500 ETF Trust 79,601,184 2,639,420 1,069,615 1,569,805 6,296,871 17,523,650 XLF Financial Select Sector SPDR Fund 63,539,868 274,799 139,346 135,453 1,929,437 3,703,024 XLE Energy Select Sector SPDR Fund 16,442,832 69,889 31,668 38,221 524,638 676,389 XLU Utilities Select Sector SPDR Fund 15,697,403 51,361 19,749 31,612 206,061 493,667
XOP SPDR S&P Oil & Gas Exploration & Production ETF 15,343,216 151,840 46,985 104,855 852,848 1,240,495 JNK SPDR Bloomberg Barclays High Yield Bond ETF 13,179,582 1,177 246 931 6,387 54,756 XLP Consumer Staples Select Sector SPDR Fund 11,084,457 11,251 5,009 6,242 74,820 280,044
XLI Industrial Select Sector SPDR Fund 10,729,633 22,605 6,363 16,242 119,434 373,480 XLV Health Care Select Sector SPDR Fund 9,418,798 38,559 28,133 10,426 310,141 278,272 GLD SPDR Gold Shares 7,877,347 150,244 89,826 60,418 2,796,508 873,709 XLK Technology Select Sector SPDR Fund 7,583,770 13,195 5,585 7,610 69,550 306,655 XRT SPDR S&P Retail ETF 7,206,310 29,730 11,968 17,762 208,217 170,882 KRE SPDR S&P Regional Banking ETF 6,992,142 20,085 7,458 12,627 109,208 252,201 XLB Materials Select Sector SPDR Fund 4,836,721 6,612 2,549 4,063 91,879 142,536
XME SPDR S&P Metals & Mining ETF 4,546,826 10,172 3,617 6,555 57,681 125,562 XBI SPDR S&P Biotech ETF 4,482,371 24,608 10,607 14,001 144,651 378,317 XLY Consumer Discretionary Select Sector SPDR Fund 3,853,185 8,126 3,867 4,259 47,865 204,304 DIA SPDR Dow Jones Industrial Average ETF Trust 3,609,324 42,814 22,180 20,634 249,206 317,180 FEZ SPDR EURO STOXX 50 ETF 2,556,802 27,042 21,364 5,678 509,925 228,667
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 2,397,967 21 20 1 284 70 XLRE Real Estate Select Sector SPDR Fund 2,355,052 1,344 47 1,297 1,823 7,834 KBE SPDR S&P Bank ETF 2,321,792 2,098 556 1,542 16,498 40,964 XHB SPDR S&P Homebuilders ETF 1,770,465 1,377 794 583 25,965 48,154
MDY SPDR S&P MidCap 400 ETF Trust 1,247,343 1,083 831 252 26,457 45,654 XES SPDR S&P Oil & Gas Equipment & Services ETF 828,419 773 39 734 2,450 8,711 RWX SPDR Dow Jones International Real Estate ETF 755,947 3 2 1 45 38 SDY SPDR S&P Dividend ETF 660,031 125 115 10 4,327 1,655
Source: Bloomberg as of 03/31/2017.

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SPDR® ETF Options Report
20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open
Ticker Name ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put)
CWB SPDR Bloomberg Barclays Convertible Securities ETF 578,194 5 2 3 365 335
BWX SPDR Bloomberg Barclays International Treasury Bond ETF 576,557 52 2 50 109 1,762
RWO SPDR Dow Jones Global Real Estate ETF 429,846 2 2 — 36 3
RWR SPDR Dow Jones REIT ETF 370,035 23 18 5 365 84
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 366,190 99 2
DWX SPDR S&P International Dividend ETF 193,731 6 4 2 47 41
XPH SPDR S&P Pharmaceuticals ETF 189,312 23 16 7 987 385
XAR SPDR S&P Aerospace & Defense ETF 172,580 14 10 4 299 71
GNR SPDR S&P Global Natural Resources ETF 145,813 3 1 2 10 29
XSD SPDR S&P Semiconductor ETF 126,293 5 2 3 82 120
KIE SPDR S&P Insurance ETF 120,980 30 4 26 131 205
GWX SPDR S&P International Small Cap ETF 109,470 1 —
GXC SPDR S&P China ETF 98,670 4 3 1 46 201
EDIV SPDR S&P Emerging Markets Dividend ETF 78,443 3 —
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 77,805 6 2 4 56 379
EWX SPDR S&P Emerging Markets SmallCap ETF 66,162 1 — 1 108 24
KCE SPDR S&P Capital Markets ETF 22,089 2 1 1 69 40
GMF SPDR S&P Emerging Asia Pacific ETF 19,102 2 1 1 — 4
GUR SPDR S&P Emerging Europe ETF 11,862 1 — 1 — 3
Source: Bloomberg as of 03/31/2017.

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SPDR® ETF Options Report
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State Street Global Advisors One Lincoln Street, Boston, MA 02111-2900. T: +1 617 786 3000.
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.
Investing in commodities entails significant risk and is not appropriate for all investors.
Important Information Relating to SPDR Gold 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. 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 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.
Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. When this is distributed electronically, the GLD prospectus is available here.
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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 all registered products on behalf of the advisor. SSGA Funds Management has retained Nuveen Asset Management, LLC as the sub-advisor. State Street Global Markets, 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.
State Street Global Advisors
© 2017 State Street Corporation. All Rights Reserved.
ID9073-IBG-23196 0317 Exp. Date: 03/31/2018 SPD001285

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.