Edgar Filing: SPDR GOLD TRUST

SPDR ETF Trading Report October 2017

Filed Pursuant To Rule 433

Registration No. 333-217785

November 16, 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 10/15/2017 US Core SPY SPDR S&P 500® ETF 0.01 0.00 0.01 60,025,292 15,323,363,848 64,061,437 15,030 14,344 3,835,806 3,580,693 255 0.30 171,131,127 MDY SPDR S&P MidCap 400® ETF 0.06 0.02 0.06 828,135 274,278,403 932,577 2,047 2,231 677,966 715,593 115 0.30 2,408,473 SLY SPDR S&P 600 Small Cap ETF 0.32 0.25 0.27 15,802 2,074,839 16,497 1,844 1,584 242,136 199,125 122 0.50 5,857 DIA SPDR Dow Jones Industrial Average ETF Trust 0.01 0.01 0.01 2,274,475 524,568,919 2,480,523 2,346 1,862 541,058 415,803 141 0.30 5,922,493 SPTM SPDR Portfolio Total Stock Market ETF 0.20 0.14 0.19 86,798 2,770,061 29,378 4,145 4,145 132,267 132,267 86,798 0.30 2,032 SPSM SPDR Portfolio Small Cap ETF 0.13 0.18 0.13 46,492 1,367,596 15,736 2,625 2,625 77,228 77,228 46,492 0.40 15,051 SPLG SPDR Portfolio Large Cap ETF 0.10 0.10 0.15 51,380 1,547,295 17,390 2,146 2,146 64,616 64,616 51,380 0.20 9,558 SPMD SPDR Portfolio Mid Cap ETF 0.09 0.10 0.18 73,610 2,389,990 24,914 806 806 26,171 26,171 73,610 0.50 0 SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.10 0.16 0.12 6,335 392,437 10,029 993 1,157 61,516 70,114 105 0.30 2,598 SHE SPDR SSGA Gender Diversity Index ETF 0.06 0.09 0.06 4,743 335,803 3,061 5,357 6,507 379,276 452,757 149 0.20 8,708 US Style SPYG SPDR Portfolio S&P 500 Growth ETF 0.05 0.06 0.11 94,848 3,924,571 48,410 950 1,442 39,311 98,936 119 3.70 4,192 SPYV SPDR Portfolio S&P 500 Value ETF 0.06 0.07 0.14 42,146 1,612,701 19,640 1,137 1,160 43,502 68,579 129 3.70 17,565 MDYG SPDR S&P 400 Mid Cap Growth ETF 0.13 0.08 0.19 25,662 3,854,083 62,559 899 1,982 135,021 283,902 89 0.30 26,386 MDYV SPDR S&P 400 Mid Cap Value ETF 0.08 0.08 0.11 34,395 3,435,138 92,930 1,326 4,324 132,428 412,250 90 0.30 25,622 SLYG SPDR S&P 600 Small Cap Growth ETF 0.53 0.23 0.56 18,678 4,301,684 33,274 2,231 2,651 513,822 574,260 83 0.50 23,386 SLYV SPDR S&P 600 Small Cap Value ETF 0.16 0.13 0.21 42,239 5,379,028 51,377 1,442 1,719 183,639 206,366 106 0.40 7,347 US Sector XLY Consumer Discretionary Select Sector SPDR Fund 0.01 0.01 0.01 4,116,962 375,639,584 4,072,857 10,349 8,740 944,243 788,261 176 0.40 9,142,340 XLP Consumer Staples Select Sector SPDR Fund 0.01 0.02 0.01 11,409,668 614,947,435 10,893,723 93,776 82,027 5,054,526 4,479,494 512 0.40 40,295,851 Source: NYSE, Nasdaq and BATS as of 10/31/2017. Past performance is not a guarantee of future results. INVESTMENT PROFESSIONAL USE ONLY October 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 10/15/2017 US Sector (cont’d) XLE Energy Select Sector SPDR Fund 0.01 0.01 0.01 9,764,470 663,177,733 11,661,208 24,534 22,251 1,666,104 1,464,116 237 0.30 29,569,115 XLF Financial Select Sector SPDR Fund 0.01 0.04 0.01 48,845,784 1,289,304,811 51,272,749 980,029 991,321 25,872,766 25,169,640 1,469 0.40 62,857,141 XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 6,532,215 539,866,397 6,402,949 16,818 15,180 1,390,008 1,233,527 279 0.40 20,485,185 XLI Industrial Select Sector SPDR Fund 0.01 0.01 0.01 8,998,183 647,859,149 8,965,681 32,624 28,417 2,348,602 1,981,517 344 0.30 22,744,880 XLB Materials Select Sector SPDR Fund 0.01 0.02 0.01 3,934,219 229,488,290 4,100,418 26,138 24,004 1,524,630 1,348,305 285 0.40 13,974,456 XLK Technology Select Sector SPDR Fund 0.01 0.02 0.01 7,421,741 451,337,547 8,532,835 69,042 63,444 4,197,754 3,734,314 362 0.40 28,770,634 XLU Utilities Select Sector SPDR Fund 0.01 0.02 0.01 11,704,390 634,387,949 10,924,878 32,236 32,853 1,747,191 1,781,947 350 0.40 41,631,691 XLRE Real Estate Select Sector SPDR Fund 0.01 0.03 0.01 1,641,741 53,351,702 1,562,497 55,718 51,635 1,810,835 1,681,752 569 0.30 3,616,042 US Industry KBE SPDR S&P Bank ETF 0.01 0.03 0.01 1,752,338 79,387,499 1,964,308 5,726 5,341 259,388 230,785 178 0.70 3,298,367 KCE SPDR S&P Capital Markets ETF 0.11 0.20 0.10 16,856 902,874 10,018 2,158 2,391 115,582 124,380 66 0.50 20,366 KIE SPDR S&P Insurance ETF 0.05 0.05 0.05 98,476 9,048,522 148,376 1,002 1,556 92,074 138,873 111 0.30 224,616 KRE SPDR S&P Regional Banking ETF 0.01 0.02 0.01 5,755,509 326,886,210 5,375,045 3,980 3,892 226,064 211,764 168 0.80 19,342,661 XBI SPDR S&P Biotech ETF 0.04 0.04 0.05 3,473,501 297,263,019 3,497,058 1,374 1,709 117,587 140,497 142 0.60 22,606,823 XNTK SPDR NYSE Technology ETF 0.12 0.14 0.14 19,553 1,581,203 10,150 1,503 2,030 121,548 162,339 129 0.40 1,454 XHB SPDR S&P Homebuilders ETF 0.01 0.03 0.01 1,335,907 54,382,856 1,603,073 11,632 12,670 473,539 495,270 225 0.40 7,658,302 Source: NYSE, Nasdaq and BATS as of 10/31/2017. 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 10/15/2017 US Industry (cont’d) XME SPDR S&P Metals & Mining ETF 0.01 0.03 0.01 2,334,011 76,085,695 2,349,978 8,742 6,515 285,164 207,763 222 0.80 6,994,716 XES SPDR S&P Oil & Gas Equipment & Services ETF 0.01 0.10 0.02 596,063 9,277,017 545,583 9,630 9,312 149,843 140,332 262 1.10 704,346 XITK SPDR FactSet Innovative Technology ETF 0.10 0.13 0.11 2,149 777 2,282 375 384 2,772 29,184 199 0.50 3,177 XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.01 0.03 0.01 10,745,453 358,811,921 13,232,982 14,851 14,734 495,726 469,131 241 0.80 61,969,267 XPH SPDR S&P Pharmaceuticals ETF 0.04 0.08 0.04 90,945 3,892,450 101,371 1,617 1,908 69,208 80,365 152 0.70 1,082,813 XRT SPDR S&P Retail ETF 0.01 0.03 0.01 3,950,039 160,027,665 3,813,696 7,772 6,646 314,844 267,834 177 0.70 26,744,363 XSD SPDR S&P Semiconductor ETF 0.04 0.06 0.04 48,513 3,298,532 58,416 1,302 1,522 88,523 98,154 136 0.60 301,649 XHE SPDR S&P Health Care Equipment ETF 0.22 0.34 0.23 15,754 998,240 11,777 2,404 2,732 152,341 169,848 103 0.60 37,423 XTL SPDR S&P Telecom ETF 0.15 0.21 0.22 6,743 469,372 10,837 767 1,366 53,391 95,415 80 0.50 603 XAR SPDR S&P Aerospace & Defense ETF 0.05 0.06 0.05 144,590 11,814,642 143,685 1,832 1,750 149,693 136,098 147 0.40 2,291,047 XHS SPDR S&P Health Care Services ETF 0.15 0.26 0.14 8,960 532,702 7,326 1,907 1,771 113,390 105,498 122 0.90 12,948 XSW SPDR S&P Software & Services ETF 0.22 0.33 0.16 3,162 212,769 5,355 3,474 2,157 235,572 137,940 209 0.50 1,088 XTH SPDR S&P Technology Hardware ETF 0.25 0.32 0.26 711 35,799 485 4,463 4,551 352,265 349,608 199 1.00 8,593 XTN SPDR S&P Transportation ETF 0.06 0.09 0.05 18,846 1,139,701 22,187 1,444 1,969 87,319 113,139 136 0.60 21,717 XWEB SPDR S&P Internet ETF 0.26 0.35 0.25 313 16,722 280 3,820 4,256 283,253 305,794 29 0.80 723 Real Estate Equities RWR SPDR Dow Jones REIT ETF 0.04 0.04 0.04 128,195 11,884,864 121,599 1,524 1,766 141,260 164,026 149 0.30 74,613 RWO SPDR Dow Jones Global Real Estate ETF 0.04 0.08 0.04 226,397 10,826,438 195,308 1,031 1,235 49,302 59,206 218 0.30 233,576 RWX SPDR Dow Jones International Real Estate ETF 0.01 0.04 0.01 492,084 18,904,437 440,766 6,318 5,766 242,674 223,548 272 0.30 2,394,061 Source: NYSE, Nasdaq and BATS as of 10/31/2017. 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 10/15/2017 Global Equities DGT SPDR Global Dow ETF 0.39 0.48 0.44 1,774 143,400 1,249 519 546 42,335 43,926 128 0.30 969 GII SPDR S&P Global Infrastructure ETF 0.15 0.29 0.15 6,228 325,154 11,198 549 801 28,663 42,125 100 0.30 4,688 GNR SPDR S&P Global Natural Resources ETF 0.10 0.21 0.07 124,751 5,828,524 104,018 1,359 1,221 63,492 55,678 259 0.30 25,446 CWI SPDR MSCI ACWI ex-US ETF 0.02 0.06 0.03 106,046 4,062,675 103,680 11,708 11,593 448,533 435,897 496 0.20 91,632 ACIM SPDR MSCI ACWI IMI ETF 0.33 0.43 0.36 2,625 195,088 3,750 445 470 33,971 34,832 69 0.20 1,172 EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.28 0.40 0.35 1,396 99,198 3,116 450 478 32,279 33,804 34 0.40 1,931 SPDW SPDR Portfolio World ex- US ETF 0.03 0.09 0.03 126,239 3,916,500 42,727 14,042 14,042 435,583 435,583 126,239 0.20 107,701 GWX SPDR S&P International Small Cap ETF 0.06 0.18 0.07 286,758 10,061,166 129,592 2,069 1,902 72,601 66,437 329 0.30 3,568 LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.20 0.22 0.15 2,164 187,628 1,566 309 695 26,979 59,930 109 0.30 2,617 International Developed Equities - Region/Country FEZ SPDR EURO STOXX 50 ETF 0.01 0.02 0.01 1,795,510 74,181,790 2,254,704 99,099 90,673 4,093,780 3,671,350 354 0.30 6,911,018 FEU SPDR STOXX Europe 50 ETF 0.07 0.19 0.07 78,657 2,803,026 50,149 910 1,040 32,432 36,598 273 0.30 6,127 SMEZ SPDR EURO STOXX Small Cap ETF 0.17 0.27 0.16 9,377 584,856 4,998 443 510 27,723 31,707 91 0.40 1,515 Emerging Market Equities SPEM SPDR Portfolio Emerging Markets ETF 0.08 0.13 0.09 121,344 4,494,147 41,070 1,149 1,149 42,559 42,559 121,344 0.40 4,615 GMF SPDR S&P Emerging Asia Pacific ETF 0.19 0.18 0.18 16,731 1,702,875 21,759 531 533 54,045 53,055 108 0.40 52,508 EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.24 0.35 0.53 3,026 200,008 1,726 304 364 20,687 24,454 129 1.20 1,824 EWX SPDR S&P Emerging Markets Small Cap ETF 0.07 0.14 0.09 48,027 2,423,947 48,883 694 769 35,026 38,189 171 0.40 31,435 Source: NYSE, Nasdaq and BATS as of 10/31/2017. 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 10/15/2017 Emerging Market Equities (cont’d) GXC SPDR S&P China ETF 0.11 0.10 0.12 65,262 6,903,426 63,088 339 392 35,856 39,839 69 0.70 26,613 XINA SPDR MSCI China A Shares IMI ETF 0.10 0.41 0.14 1,203 26,718 442 326 314 7,863 7,571 237 0.80 2,433 Advanced Beta - Income EDIV SPDR S&P Emerging Markets Dividend ETF 0.07 0.21 0.07 45,731 1,405,783 47,315 662 847 20,350 26,265 170 0.50 20,718 DWX SPDR S&P International Dividend ETF 0.04 0.11 0.06 101,866 4,119,109 116,120 881 1,513 35,628 61,277 195 0.20 80,612 SDY SPDR S&P Dividend ETF 0.02 0.02 0.02 390,516 36,169,765 388,704 1,573 1,433 145,691 129,873 160 0.30 692,370 WDIV SPDR S&P Global Dividend ETF 0.07 0.10 0.08 9,276 632,434 10,702 494 537 33,681 36,392 157 0.30 4,030 SPYD SPDR Portfolio S&P 500 High Dividend ETF 0.03 0.08 0.06 71,313 2,593,564 50,848 1,867 3,857 67,903 138,621 180 0.20 24,790 Advanced Beta - Multi Factor QCAN SPDR MSCI Canada StrategicFactors ETF 0.05 0.09 0.05 2,158 127,515 2,270 949 841 57,092 49,636 207 0.30 58 QDEU SPDR MSCI Germany StrategicFactors ETF 0.05 0.08 0.06 1,013 62,083 1,000 993 985 63,582 61,612 115 0.40 4,304 QJPN SPDR MSCI Japan StrategicFactors ETF 0.25 0.33 0.26 1,863 138,076 826 513 503 38,383 37,529 98 0.40 473 QGBR SPDR MSCI United Kingdom StrategicFactors ETF 0.16 0.30 0.15 703 34,071 4,080 895 903 47,480 47,119 84 0.50 1,035 QEFA SPDR MSCI EAFE StrategicFactors ETF 0.31 0.49 0.30 9,618 614,523 13,633 719 942 45,944 59,308 112 0.30 6,907 QWLD SPDR MSCI World StrategicFactors ETF 0.23 0.32 0.51 258 16,943 653 978 922 71,462 65,711 61 0.30 212 QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.28 0.45 0.28 6,387 398,909 6,970 623 639 38,913 39,369 101 0.50 65,267 QUS SPDR MSCI USA StrategicFactors ETF 0.09 0.12 0.13 4,655 339,094 4,194 510 329 37,465 23,688 96 0.20 4,644 Advanced Beta - Single Factor SPYB SPDR S&P 500 Buyback ETF 0.15 0.26 0.13 669 37,524 652 4,508 4,213 263,763 241,826 99 0.30 11,444 Source: NYSE, Nasdaq and BATS as of 10/31/2017. Past performance is not a guarantee of future results. State Street Global Advisors 5

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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 10/15/2017 Advanced Beta - Single Factor (cont’d) VLU SPDR S&P 1500 Value Tilt ETF 0.49 0.51 0.54 393 36,639 571 558 623 54,394 58,761 9 0.30 1,103 MMTM SPDR S&P 1500 Momentum Tilt ETF 0.54 0.50 0.54 783 79,956 878 891 752 96,959 79,735 113 0.40 1,619 LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.15 0.17 0.33 2,341 210,065 2,226 327 468 29,508 41,469 67 0.30 2,642 SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.25 0.26 0.31 6,842 662,879 7,284 1,744 2,469 168,959 230,975 101 0.40 5,877 ONEY SPDR Russell 1000 Yield Focus ETF 0.16 0.22 0.26 280 17,610 771 913 3,687 65,152 257,979 42 0.40 722 ONEO SPDR Russell 1000 Momentum Focus ETF 0.17 0.23 0.32 7,386 542,489 4,667 548 811 40,245 58,489 160 0.30 38,467 ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.15 0.21 0.26 1,705 121,043 4,241 817 1,104 59,224 78,329 163 0.30 47,717 Advanced Beta - Fixed Income CBND SPDR Bloomberg Barclays Issuer Scored Corporate Bond ETF 0.07 0.23 0.11 5,750 186,196 5,866 392 422 12,693 13,664 75 0.20 1,950 Fixed Income - US Government BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF 0.01 0.02 0.01 580,329 26,538,090 581,567 1,643,467 1,494,216 75,155,746 68,330,498 829 0.00 365,902 ITE SPDR Bloomberg Barclays Intermediate Term Treasury ETF 0.06 0.10 0.06 41,983 2,514,976 36,461 9,543 9,391 571,721 564,775 334 0.10 11,165 SPTL SPDR Portfolio Long Term Treasury ETF 0.04 0.07 0.05 42,831 1,534,868 14,497 6,440 6,440 230,810 230,810 42,831 0.40 18,917 IPE SPDR Bloomberg Barclays TIPS ETF 0.05 0.09 0.06 44,370 2,502,084 36,906 5,446 5,904 307,100 333,753 295 0.20 33,233 SPTS SPDR Portfolio Short Term Treasury ETF 0.03 0.08 0.02 25,627 770,693 8,674 5,072 5,072 152,515 152,515 25,627 0.00 8,584 TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF 0.03 0.17 0.04 23,907 463,960 19,875 2,212 2,066 43,112 40,328 343 0.10 49,338 Fixed Income - US Investment Grade Corporates SPSB SPDR Portfolio Short Term Corporate Bond ETF 0.01 0.04 0.01 227,365 6,966,838 76,954 20,831 20,831 638,262 638,262 227,365 0.00 251,205 SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF 0.02 0.05 0.02 217,522 7,501,192 73,623 10,835 10,835 373,591 373,591 217,522 0.10 62,860 Source: NYSE, Nasdaq and BATS as of 10/31/2017. Past performance is not a guarantee of future results. State Street Global Advisors 6

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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 10/15/2017 Fixed Income - US Investment Grade Corporates (cont’d) SPLB SPDR Portfolio Long Term Corporate Bond ETF 0.09 0.24 0.08 17,221 483,013 5,829 2,270 2,270 63,674 63,674 17,221 0.30 6,176 FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF 0.01 0.04 0.01 201,864 6,203,536 230,813 12,246 9,559 376,320 293,557 221 0.00 39,539 Fixed Income - High Yield JNK SPDR Bloomberg Barclays High Yield Bond ETF 0.01 0.03 0.01 6,515,041 242,438,869 7,865,975 107,773 106,488 4,010,233 3,950,705 532 0.10 40,576,334 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 0.01 0.04 0.01 1,208,199 33,698,225 1,385,511 29,605 36,013 825,683 1,002,962 360 0.10 708,012 CJNK SPDR ICE BofAML Crossover Corporate Bond ETF 0.15 0.55 0.15 19,266 515,007 12,684 456 487 12,189 12,993 252 0.20 12,672 Fixed Income - US Mortgage MBG SPDR Bloomberg Barclays Mortgage Backed Bond ETF 0.05 0.19 0.06 17,372 454,806 29,719 984 3,198 25,761 84,107 306 0.10 3,577 Fixed Income - US Aggregate SPAB SPDR Portfolio Aggregate Bond ETF 0.04 0.09 0.04 136,316 3,923,523 46,138 9,064 9,064 260,862 260,862 136,316 0.10 25,028 Fixed Income - Hybrids CWB SPDR Bloomberg Barclays Convertible Securities ETF 0.01 0.02 0.01 836,535 42,930,957 927,211 2,388 2,569 122,552 130,685 165 0.20 932,899 PSK SPDR Wells Fargo Preferred Stock ETF 0.05 0.11 0.05 52,624 2,348,758 52,127 1,915 5,983 85,466 268,517 172 0.10 39,022 Fixed Income - Municipal SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF 0.01 0.03 0.01 261,522 12,704,833 276,595 11,328 11,142 550,314 542,950 421 0.00 129,183 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 0.02 0.04 0.02 337,922 16,557,480 260,760 3,315 3,294 162,435 161,735 78 0.10 121,836 HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.14 0.25 0.15 103,459 5,792,781 76,161 564 680 31,578 38,583 129 0.20 135,508 Fixed Income - International WIP SPDR Citi International Government Inflation-Protected Bond ETF 0.11 0.20 0.17 54,896 3,123,152 31,146 888 867 50,518 49,610 198 0.30 4,108 Source: NYSE, Nasdaq and BATS as of 10/31/2017. 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 10/15/2017 Fixed Income - International (cont’d) BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF 0.14 0.44 0.16 27,839 885,513 28,265 1,021 965 32,478 30,957 379 0.40 146,209 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 0.02 0.07 0.03 396,918 11,101,072 461,941 1,864 1,515 52,136 42,965 178 0.20 608,927 IBND SPDR Bloomberg Barclays International Corporate Bond ETF 0.10 0.28 0.10 44,089 1,521,059 43,067 897 979 30,947 33,903 159 0.30 10,568 EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 0.04 0.15 0.08 167,880 4,924,646 106,977 574 1,206 16,835 35,794 223 0.30 279,350 Commodity GLD® SPDR Gold Trust 0.01 0.01 0.01 6,264,623 762,040,720 7,563,647 12,366 12,227 1,504,200 1,505,021 190 0.40 10,960,194 NANR SPDR S&P North American Natural Resources ETF 0.07 0.21 0.07 27,065 918,819 24,975 1,453 1,610 49,329 53,484 155 0.40 12,532 Active - Asset Allocation RLY SPDR SSgA Multi-Asset Real Return ETF 0.11 0.42 0.11 14,799 374,618 15,073 4,783 6,444 121,058 160,971 267 0.30 50,070 INKM SPDR SSgA Income Allocation ETF 0.08 0.24 0.09 7,685 254,890 6,226 9,379 10,069 311,289 332,982 342 0.20 28,979 GAL SPDR SSgA Global Allocation ETF 0.06 0.15 0.07 13,502 502,441 15,022 6,954 7,244 258,758 265,637 161 0.20 7,209 DWFI SPDR Dorsey Wright Fixed Income Allocation ETF 0.04 0.15 0.04 31,335 801,573 36,637 7,004 5,700 179,162 146,262 384 0.39 43,609 Active - Equity SYE SPDR MFS Systematic Core Equity ETF 0.18 0.25 0.24 1,320 93,218 2,623 512 1,319 37,084 92,778 58 0.30 365 SYG SPDR MFS Systematic Growth Equity ETF 0.17 0.23 0.24 2,953 225,216 3,065 724 899 55,321 67,218 121 0.30 2,642 SYV SPDR MFS Systematic Value Equity ETF 0.11 0.17 0.14 747 46,763 478 323 797 20,523 49,669 61 0.50 287 Active - Fixed Income TOTL SPDR DoubleLine Total Return Tactical ETF 0.02 0.04 0.02 366,138 17,970,865 352,530 3,792 4,539 186,111 223,727 216 0.10 59,316 EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF 0.12 0.24 0.11 2,049 104,815 3,988 1,109 3,783 56,786 193,215 177 0.31 370 Source: NYSE, Nasdaq and BATS as of 10/31/2017. Past performance is not a guarantee of future results. State Street Global Advisors 8

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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 © 2017 State Street Corporation. All Rights Reserved. IBG-25853 Exp. Date: 11/30/2018 SPD001472 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 Markets, LLC, One Lincoln Street, Attn: SPDR^® Gold Shares, 30th Floor, Boston, MA 02111.