Edgar Filing: SPDR GOLD TRUST

SPDR ETF Trading Report

Filed Pursuant To Rule 433

Registration No. 333-217785

April 10, 2018

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March 2018 SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 month trailing Consolidated Avg. Daily Volume (shares) Consolidated Average Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 month trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 month trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 month trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 2/15/2018 US Core SPY SPDR S&P 500® ETF 0.01 0.00 0.01 111,247,855 29,925,898,849 118,951,099 3,277 5,931 886,681 1,632,497 280 1.52 192,128,352 MDY SPDR S&P MidCap 400® ETF 0.07 0.02 0.07 1,296,821 448,823,993 1,340,816 1,061 1,517 367,944 530,605 146 1.45 1,510,662 SLY SPDR S&P 600 Small Cap ETF 0.35 0.26 0.33 24,463 3,307,422 25,458 1,870 1,756 252,748 236,135 119 1.45 14,141 DIA SPDR Dow Jones Industrial Average ETF Trust 0.03 0.01 0.02 5,781,016 1,419,286,490 6,666,625 872 981 214,573 246,544 167 1.68 5,823,227 SPTM SPDR Portfolio Total Stock Market ETF 0.02 0.05 0.02 453,177 15,144,073 579,965 23,470 15,301 788,902 517,407 333 1.43 18,188 SPSM SPDR Portfolio Small Cap ETF 0.02 0.06 0.02 156,758 4,770,881 274,288 14,842 10,270 451,600 311,920 200 1.51 30,222 SPLG SPDR Portfolio Large Cap ETF 0.02 0.05 0.02 301,688 9,586,845 518,983 31,667 21,016 1,002,695 669,870 354 1.43 94,496 SPMD SPDR Portfolio Mid Cap ETF 0.01 0.04 0.01 222,209 7,461,598 323,409 3,286 2,828 110,657 95,471 190 1.42 34,307 SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.11 0.17 0.11 12,728 840,109 16,804 628 641 41,239 42,497 144 1.22 2,075 SHE SPDR SSGA Gender Diversity Index ETF 0.09 0.12 0.08 4,455 316,965 18,922 2,587 3,105 184,506 223,576 75 1.13 20,764 US Style SPYG SPDR Portfolio S&P 500 Growth ETF 0.01 0.04 0.01 685,354 23,471,090 869,720 4,787 4,278 165,960 148,405 354 1.68 87,893 SPYV SPDR Portfolio S&P 500 Value ETF 0.01 0.04 0.01 391,444 11,732,211 711,907 5,675 5,041 170,605 155,442 388 1.38 66,235 MDYG SPDR S&P 400 Mid Cap Growth ETF 0.17 0.11 0.16 34,334 5,457,787 74,029 794 803 126,375 127,838 78 1.35 12,869 MDYV SPDR S&P 400 Mid Cap Value ETF 0.10 0.10 0.10 27,952 2,810,269 75,321 744 701 74,890 71,407 93 1.38 22,448 SLYG SPDR S&P 600 Small Cap Growth ETF 0.32 0.14 0.39 22,794 5,352,958 29,409 917 1,388 215,317 322,709 47 1.54 11,446 SLYV SPDR S&P 600 Small Cap Value ETF 0.14 0.11 0.14 78,673 9,784,178 96,731 893 875 111,839 110,447 89 1.53 30,866 US Sector XLY Consumer Discretionary Select Sector SPDR Fund 0.01 0.01 0.01 6,153,770 635,720,991 6,901,063 1,849 3,131 192,681 326,647 146 1.56 9,460,750 XLP Consumer Staples Select Sector SPDR Fund 0.01 0.02 0.01 15,648,519 830,618,056 15,480,934 30,097 35,913 1,603,986 2,002,413 299 1.25 41,982,069 XLE Energy Select Sector SPDR Fund 0.01 0.02 0.01 14,198,732 956,824,352 16,242,785 8,465 9,588 570,893 691,565 170 1.88 22,463,658 Source: NYSE, Nasdaq and BATS as of 03/31/2018. Past performance is not a guarantee of future results.

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State Street Global Advisors 2SPDR® ETF Trading ReportTicker ETF NameSpread($)Spread(%)Spread ($)vs. 3 monthtrailingConsolidatedAvg. DailyVolume(shares)ConsolidatedAverage DailyVolume ($)ConsolidatedAvg. Daily Volume(shares) vs.3 month trailingAvg. QuoteSize (shares)Avg. QuoteSize (Shares)vs. 3 monthtrailingAvg. QuoteSize ($)Avg. QuoteSize ($) vs.3 monthtrailingAvg. TradeSizeDailyVolatility(%)ShortInterest asof 2/15/2018US Sector (cont’d)XLF Financial Select Sector SPDR Fund 0.01 0.04 0.01 62,164,063 1,763,739,467 64,268,694 331,756 351,705 9,489,122 10,161,562 761 1.99 59,475,719XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 8,652,691 722,111,306 10,238,152 3,925 6,475 330,279 557,213 158 1.53 20,940,920XLI Industrial Select Sector SPDR Fund 0.01 0.01 0.01 15,433,737 1,165,772,616 14,684,979 5,962 9,162 453,371 713,420 194 1.80 36,449,377XLB Materials Select Sector SPDR Fund 0.01 0.02 0.01 6,734,552 395,928,919 7,464,915 8,070 10,337 478,251 634,480 190 1.77 13,577,266XLK Technology Select Sector SPDR Fund 0.01 0.01 0.01 16,173,834 1,090,497,902 16,150,929 13,624 22,071 932,582 1,485,618 238 1.95 20,330,895XLU Utilities Select Sector SPDR Fund 0.01 0.02 0.01 18,293,758 909,973,669 20,499,198 16,099 21,679 800,123 1,089,349 259 1.53 69,211,548XLRE Real Estate Select Sector SPDR Fund 0.01 0.03 0.01 5,234,034 160,360,646 4,314,454 38,565 39,697 1,185,595 1,238,902 512 1.40 4,353,366US IndustryKBE SPDR S&P Bank ETF 0.01 0.02 0.01 2,596,941 128,717,913 2,606,848 3,214 3,596 160,262 179,017 160 2.17 3,621,800KCE SPDR S&P Capital Markets ETF 0.13 0.22 0.11 14,168 851,749 19,651 3,232 2,497 193,329 148,821 109 1.46 9,044KIE SPDR S&P Insurance ETF 0.02 0.08 0.02 631,942 19,678,828 479,856 5,716 6,018 178,583 187,690 400 1.45 757,616KRE SPDR S&P Regional Banking ETF 0.01 0.02 0.01 6,285,545 392,851,992 6,356,676 2,406 2,545 151,484 158,392 161 2.23 20,733,165XBI SPDR S&P Biotech ETF 0.04 0.04 0.04 4,502,867 413,236,802 4,979,929 859 1,038 79,233 94,375 151 2.58 31,255,989XNTK SPDR NYSE Technology ETF 0.12 0.12 0.11 40,082 3,743,701 34,475 426 547 39,292 49,370 141 1.96 6,547XHB SPDR S&P Homebuilders ETF 0.01 0.03 0.01 2,648,409 108,491,220 2,509,046 5,747 5,391 236,525 232,958 185 1.83 11,989,694XME SPDR S&P Metals & Mining ETF 0.01 0.03 0.01 3,028,799 108,701,197 3,712,005 2,450 3,000 87,816 111,602 187 2.53 9,853,658XES SPDR S&P Oil & Gas Equipment &Services ETF0.02 0.11 0.02 806,726 12,156,981 915,805 10,567 10,057 159,585 164,171 390 3.16 647,803XITK SPDR FactSet Innovative Technology ETF 0.13 0.14 0.15 5,020 454,149 3,822 353 370 31,871 31,588 91 1.92 5,124XOP SPDR S&P Oil & Gas Exploration &Production ETF0.01 0.03 0.01 13,719,985 473,298,472 16,416,454 9,731 9,126 335,471 328,628 217 2.53 66,938,294XPH SPDR S&P Pharmaceuticals ETF 0.04 0.11 0.04 48,986 2,085,625 91,168 2,247 2,426 95,545 106,019 183 1.78 593,276XRT SPDR S&P Retail ETF 0.01 0.02 0.01 5,303,645 236,643,269 5,778,922 3,523 4,063 157,300 187,005 187 1.85 25,749,827XSD SPDR S&P Semiconductor ETF 0.05 0.07 0.05 162,897 11,881,771 166,327 1,000 1,079 73,070 78,187 144 2.12 506,456XHE SPDR S&P Health Care Equipment ETF 0.20 0.29 0.19 18,772 1,310,989 22,291 570 555 39,841 37,885 113 1.54 28,232XTL SPDR S&P Telecom ETF 0.15 0.21 0.15 30,849 2,162,487 35,169 447 533 31,861 37,309 275 1.12 16,404Source: NYSE, Nasdaq and BATS as of 03/31/2018. Past performance is not a guarantee of future results.

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State Street Global Advisors 3 SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 month trailing Consolidated Avg. Daily Volume (shares) Consolidated Average Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 month trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 month trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 month trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 2/15/2018 US Industry (cont’d) XAR SPDR S&P Aerospace & Defense ETF 0.08 0.10 0.08 139,235 12,162,214 164,762 1,443 1,847 126,444 160,790 149 1.74 2,314,993 XHS SPDR S&P Health Care Services ETF 0.20 0.31 0.20 6,431 409,019 5,910 737 809 47,523 52,064 119 1.48 17,754 XSW SPDR S&P Software & Services ETF 0.23 0.30 0.23 5,439 422,165 6,333 3,504 3,361 270,975 251,315 110 1.23 6,324 XTH SPDR S&P Technology Hardware ETF 0.18 0.24 0.19 594 44,900 1,075 2,226 2,345 166,788 176,472 87 0.71 496 XTN SPDR S&P Transportation ETF 0.07 0.10 0.06 16,664 1,068,897 43,039 1,125 1,256 71,808 81,699 150 1.53 9,462 XWEB SPDR S&P Internet ETF 0.28 0.36 0.26 1,563 123,297 1,163 3,860 3,911 305,218 290,541 87 1.42 5,488 XKII SPDR Kensho Intelligent Structures ETF 0.07 0.24 0.07 1,898 56,692 4,652 9,524 8,124 285,562 246,102 147 0.58 3,974 XKST SPDR Kensho Smart Mobility ETF 0.08 0.25 0.07 1,101 34,263 3,570 7,685 7,706 235,400 240,330 135 0.85 969 XKFS SPDR Kensho Future Security ETF 0.07 0.22 0.07 2,696 86,911 5,171 5,441 5,744 172,701 178,090 144 0.73 27 Real Estate Equities RWR SPDR Dow Jones REIT ETF 0.04 0.04 0.04 321,939 27,373,555 307,735 1,388 1,461 118,232 127,267 190 1.46 86,785 RWO SPDR Dow Jones Global Real Estate ETF 0.04 0.09 0.04 245,239 11,224,772 285,776 919 975 42,144 45,474 179 1.06 106,409 RWX SPDR Dow Jones International Real Estate ETF 0.02 0.05 0.01 604,134 23,944,725 709,099 4,891 4,515 194,343 182,381 278 0.84 1,053,248 Global Equities DGT SPDR Global Dow ETF 0.52 0.60 0.51 1,894 161,252 2,670 477 464 40,729 40,417 119 0.86 421 GII SPDR S&P Global Infrastructure ETF 0.06 0.13 0.07 14,547 714,920 26,233 701 665 34,524 33,484 122 0.85 5,312 GNR SPDR S&P Global Natural Resources ETF 0.08 0.16 0.07 136,704 6,615,427 192,008 998 997 48,474 49,544 275 1.20 19,285 CWI SPDR MSCI ACWI ex-US ETF 0.02 0.06 0.02 199,042 7,777,225 264,060 6,808 6,596 265,657 263,513 284 1.01 142,175 ACIM SPDR MSCI ACWI IMI ETF 0.58 0.73 0.52 10,158 793,480 8,742 591 540 46,657 43,168 188 0.99 3,307 EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.25 0.34 0.26 1,996 144,746 4,121 1,348 889 97,681 65,495 104 0.42 1,746 SPDW SPDR Portfolio World ex- US ETF 0.01 0.04 0.01 499,523 15,669,882 755,878 15,134 15,566 476,532 502,513 331 0.96 51,218 GWX SPDR S&P International Small Cap ETF 0.05 0.15 0.05 77,616 2,749,052 124,338 819 848 28,998 30,505 176 0.91 11,251 LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.15 0.17 0.19 6,837 621,844 5,999 244 245 22,121 22,525 200 0.78 4,018 Source: NYSE, Nasdaq and BATS as of 03/31/2018. Past performance is not a guarantee of future results.

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State Street Global Advisors 4 SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 month trailing Consolidated Avg. Daily Volume (shares) Consolidated Average Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 month trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 month trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 month trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 2/15/2018 International Developed Equities — Region/Country FEZ SPDR EURO STOXX 50 ETF 0.01 0.02 0.01 4,348,743 175,408,687 4,636,489 53,633 57,406 2,171,532 2,394,613 397 1.08 4,663,423 FEU SPDR STOXX Europe 50 ETF 0.07 0.20 0.06 65,877 2,309,988 92,420 894 844 31,101 30,334 361 0.90 894 SMEZ SPDR EURO STOXX Small Cap ETF 0.15 0.24 0.15 3,834 247,637 6,018 453 455 29,331 29,951 188 0.65 4,480 Emerging Market Equities SPEM SPDR Portfolio Emerging Markets ETF 0.03 0.07 0.03 345,003 13,762,334 508,233 890 1,263 35,431 50,598 184 1.34 100,675 GMF SPDR S&P Emerging Asia Pacific ETF 0.22 0.21 0.20 18,194 1,958,271 24,037 524 503 56,442 54,793 121 1.21 47,073 EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.31 0.43 0.50 1,712 123,490 2,688 275 256 19,830 18,592 108 0.60 2,315 EWX SPDR S&P Emerging Markets Small Cap ETF 0.06 0.12 0.06 41,619 2,185,756 68,479 681 646 35,736 34,353 128 1.10 77,735 GXC SPDR S&P China ETF 0.16 0.14 0.16 79,736 9,021,538 105,954 335 337 37,893 38,608 104 1.73 45,740 XINA SPDR MSCI China A Shares IMI ETF 0.10 0.42 0.10 9,989 234,057 5,653 275 249 6,546 6,168 268 1.04 184 Advanced Beta — Income EDIV SPDR S&P Emerging Markets Dividend ETF 0.07 0.20 0.08 47,881 1,700,252 66,561 460 632 16,327 22,133 179 1.33 9,872 DWX SPDR S&P International Dividend ETF 0.04 0.10 0.03 92,751 3,725,744 107,930 909 1,157 36,523 47,581 206 0.86 65,967 SDY SPDR S&P Dividend ETF 0.02 0.02 0.02 545,343 50,080,613 718,818 1,533 1,685 141,040 157,575 158 1.22 727,435 WDIV SPDR S&P Global Dividend ETF 0.09 0.13 0.09 11,449 789,048 12,292 575 555 39,578 38,939 156 0.78 8,114 SPYD SPDR Portfolio S&P 500 High Dividend ETF 0.01 0.03 0.01 293,424 10,537,699 281,016 2,649 2,447 95,429 90,147 221 1.15 44,933 Advanced Beta — Multi Factor QCAN SPDR MSCI Canada StrategicFactors ETF 0.05 0.09 0.06 1,426 81,949 9,173 979 954 56,154 56,862 111 0.53 330 QDEU SPDR MSCI Germany StrategicFactors ETF 0.06 0.09 0.06 853 54,598 6,895 996 994 63,983 66,133 66 0.32 1 QJPN SPDR MSCI Japan StrategicFactors ETF 0.24 0.31 0.24 1,215 96,239 3,932 478 480 37,870 38,495 107 0.49 3,668 QGBR SPDR MSCI United Kingdom StrategicFactors ETF 0.30 0.58 0.23 1,822 96,116 6,688 873 917 46,104 49,282 120 0.53 1,175 QEFA SPDR MSCI EAFE StrategicFactors ETF 0.26 0.41 0.28 15,921 1,031,693 19,293 968 1,033 62,648 67,964 166 0.76 12,789 Source: NYSE, Nasdaq and BATS as of 03/31/2018. Past performance is not a guarantee of future results.

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State Street Global Advisors 5 SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 month trailing Consolidated Avg. Daily Volume (shares) Consolidated Average Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 month trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 month trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 month trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 2/15/2018 Advanced Beta — Multi Factor (cont’d) QWLD SPDR MSCI World StrategicFactors ETF 0.21 0.27 0.20 3,271 249,416 3,396 954 961 72,324 73,376 168 0.30 429 QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.38 0.57 0.42 16,747 1,111,724 18,519 454 427 29,917 28,403 242 1.14 25,353 QUS SPDR MSCI USA StrategicFactors ETF 0.11 0.14 0.13 10,704 828,340 12,294 224 243 17,350 19,001 147 1.22 11,116 Advanced Beta — Single Factor SPYB SPDR S&P 500 Buyback ETF 0.14 0.22 0.14 4,007 251,856 5,243 5,689 4,670 359,502 299,269 139 0.87 1,380 VLU SPDR S&P 1500 Value Tilt ETF 0.38 0.37 0.36 1,212 122,246 1,031 2,389 2,247 240,978 231,615 131 0.86 950 MMTM SPDR S&P 1500 Momentum Tilt ETF 0.41 0.34 0.48 1,672 199,311 1,417 582 603 68,773 71,489 76 1.10 9,486 LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.38 0.42 0.26 4,621 419,332 5,866 307 333 27,808 30,204 93 1.13 12,488 SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.26 0.30 0.25 7,739 692,225 23,658 2,019 2,064 180,144 185,456 105 1.10 61 ONEY SPDR Russell 1000 Yield Focus ETF 0.26 0.39 0.23 2,192 150,422 1,786 297 350 20,391 24,518 98 0.49 3,638 ONEO SPDR Russell 1000 Momentum Focus ETF 0.17 0.24 0.19 13,187 968,124 20,998 529 565 38,802 41,751 137 1.13 27,306 ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.16 0.22 0.17 1,901 136,921 2,016 489 507 35,213 36,998 144 0.63 6,003 Advanced Beta — Fixed Income DWFI SPDR Dorsey Wright Fixed Income Allocation ETF 0.04 0.16 0.05 21,587 542,124 50,997 129 93 323,750 234,371 286 0.49 11,474 CBND SPDR Bloomberg Barclays Issuer Scored Corporate Bond ETF 0.09 0.30 0.10 2,879 90,357 2,364 754 599 23,678 18,941 162 0.26 4,507 Fixed Income — US Government BIL SPDR Bloomberg Barclays 1–3 Month T-Bill ETF 0.01 0.01 0.01 790,264 72,293,580 856,672 921,874 512,845 84,333,634 46,912,114 743 0.02 461,698 ITE SPDR Bloomberg Barclays Intermediate Term Treasury ETF 0.04 0.08 0.05 51,099 2,996,230 89,112 6,106 4,680 357,993 274,871 350 0.18 20,393 SPTL SPDR Portfolio Long Term Treasury ETF 0.03 0.08 0.03 133,467 4,576,110 253,227 4,896 5,620 168,373 196,038 289 0.64 104,437 Source: NYSE, Nasdaq and BATS as of 03/31/2018. Past performance is not a guarantee of future results.

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State Street Global Advisors 6SPDR® ETF Trading ReportTicker ETF NameSpread($)Spread(%)Spread ($)vs. 3 monthtrailingConsolidatedAvg. DailyVolume(shares)ConsolidatedAverage DailyVolume ($)ConsolidatedAvg. Daily Volume(shares) vs.3 month trailingAvg. QuoteSize (shares)Avg. QuoteSize (Shares)vs. 3 monthtrailingAvg. QuoteSize ($)Avg. QuoteSize ($) vs.3 monthtrailingAvg. TradeSizeDailyVolatility(%)ShortInterest asof 2/15/2018Fixed Income — US Government (cont’d)IPE SPDR Bloomberg Barclays TIPS ETF 0.04 0.08 0.05 74,871 4,146,166 112,039 2,770 2,258 153,365 125,371 228 0.31 13,754SPTS SPDR Portfolio Short Term Treasury ETF 0.01 0.05 0.01 108,781 3,222,037 153,322 3,997 4,564 118,406 135,506 330 0.13 68,554TIPX SPDR Bloomberg Barclays 1–10 YearTIPS ETF0.03 0.13 0.03 57,395 1,098,821 77,247 1,706 1,481 32,617 28,363 604 0.23 47,113Fixed Income — US Investment Grade CorporatesSPSB SPDR Portfolio Short Term CorporateBond ETF0.01 0.03 0.01 547,592 16,519,113 1,029,769 15,059 21,682 454,295 656,397 405 0.11 134,105SPIB SPDR Portfolio Intermediate TermCorporate Bond ETF0.01 0.03 0.01 576,690 19,285,161 1,032,870 8,443 8,345 282,402 281,374 375 0.19 229,702SPLB SPDR Portfolio Long Term CorporateBond ETF0.02 0.06 0.02 161,744 4,347,648 316,630 1,815 3,408 48,783 94,792 267 0.46 7,652FLRN SPDR Bloomberg Barclays InvestmentGrade Floating Rate ETF0.01 0.03 0.01 930,727 28,599,620 836,763 26,305 14,081 808,418 432,742 576 0.09 128,387Fixed Income — High YieldJNK SPDR Bloomberg Barclays High YieldBond ETF0.01 0.03 0.01 11,600,723 416,394,212 16,773,181 77,276 80,921 2,774,893 2,940,924 548 0.38 55,311,046SJNK SPDR Bloomberg Barclays Short TermHigh Yield Bond ETF0.01 0.04 0.01 1,627,606 44,533,232 2,614,449 26,151 28,048 715,807 772,007 389 0.30 474,544CJNK SPDR ICE BofAML Crossover CorporateBond ETF0.13 0.52 0.12 13,913 358,229 34,523 327 4,406 8,427 115,330 205 0.60 8,549Fixed Income — US MortgageMBG SPDR Bloomberg Barclays MortgageBacked Bond ETF0.06 0.24 0.06 41,861 1,066,105 49,589 4,581 5,374 116,700 137,616 391 0.41 5,263Fixed Income — US AggregateSPAB SPDR Portfolio Aggregate Bond ETF 0.01 0.04 0.01 442,813 12,403,797 908,010 16,318 16,842 456,789 475,910 332 0.20 384,878Fixed Income — HybridsCWB SPDR Bloomberg Barclays ConvertibleSecurities ETF0.01 0.03 0.01 1,233,757 64,664,781 1,298,903 2,001 2,111 105,324 110,314 201 1.21 978,479PSK SPDR Wells Fargo Preferred Stock ETF 0.05 0.12 0.04 35,772 1,549,177 111,456 478 1,242 20,679 53,379 172 0.38 29,182Source: NYSE, Nasdaq and BATS as of 03/31/2018. Past performance is not a guarantee of future results.

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State Street Global Advisors 7 SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 month trailing Consolidated Avg. Daily Volume (shares) Consolidated Average Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 month trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 month trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 month trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 2/15/2018 Fixed Income — Municipal SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF 0.01 0.03 0.01 484,073 23,172,448 632,313 6,378 7,138 305,345 342,364 428 0.14 126,515 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 0.03 0.05 0.02 467,846 22,370,884 562,461 1,277 1,634 61,070 78,749 74 0.28 959,971 HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.09 0.17 0.10 44,753 2,476,462 85,665 794 784 43,973 43,512 169 0.44 24,270 Fixed Income — International WIP SPDR Citi International Government Inflation-Protected Bond ETF 0.09 0.16 0.09 65,073 3,817,741 113,939 346 494 20,308 29,042 171 0.58 39,949 BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF 0.13 0.39 0.12 40,643 1,344,263 73,047 923 1,030 30,532 33,926 194 0.60 125,452 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 0.02 0.06 0.01 752,423 21,991,911 767,859 1,796 1,656 52,554 48,144 361 0.49 620,650 IBND SPDR Bloomberg Barclays International Corporate Bond ETF 0.13 0.35 0.10 92,016 3,310,869 147,762 604 1,074 21,767 38,663 202 0.82 207,907 EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 0.02 0.08 0.03 173,049 5,206,651 244,958 3,554 2,098 107,034 63,288 544 0.41 161,496 Commodity GLD® SPDR Gold Trust® 0.01 0.01 0.01 6,826,951 858,975,320 8,272,147 10,761 10,772 1,353,101 1,358,282 236 0.63 9,697,945 NANR SPDR S&P North American Natural Resources ETF 0.05 0.14 0.05 28,018 938,243 210,047 1,894 2,294 63,474 80,313 490 1.20 4,981 Active — Asset Allocation RLY SPDR SSGA Multi-Asset Real Return ETF 0.08 0.30 0.08 36,059 935,422 32,986 5,065 5,002 131,333 131,851 262 0.75 11,104 INKM SPDR SSGA Income Allocation ETF 0.08 0.24 0.07 6,874 226,234 7,249 11,734 10,341 386,570 344,385 314 0.47 221 GAL SPDR SSGA Global Allocation ETF 0.13 0.33 0.11 15,889 608,028 21,041 10,260 10,772 393,850 418,753 238 0.84 13,487 Source: NYSE, Nasdaq and BATS as of 03/31/2018. Past performance is not a guarantee of future results.

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State Street Global Advisors 8 SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 month trailing Consolidated Avg. Daily Volume (shares) Consolidated Average Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 month trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 month trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 month trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 2/15/2018 Active — Equity SYE SPDR MFS Systematic Core Equity ETF 0.19 0.25 0.20 2,685 200,522 3,092 241 286 18,082 21,704 59 0.88 5,111 SYG SPDR MFS Systematic Growth Equity ETF 0.19 0.23 0.20 3,293 264,642 8,673 353 354 28,652 28,929 97 1.12 741 SYV SPDR MFS Systematic Value Equity ETF 0.27 0.41 0.28 10,149 676,277 6,084 552 531 36,577 35,511 102 1.08 4,648 Active — Fixed Income TOTL SPDR DoubleLine Total Return Tactical ETF 0.02 0.05 0.02 303,911 14,507,015 427,372 6,017 4,265 287,148 204,432 324 0.20 3,919 EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF 0.11 0.21 0.12 3,929 193,606.84 6,803 1,918 1,339 94,549 66,515 134 0.17 5,150 STOT SPDR DoubleLine Short Duration Total Return Tactical ETF 0.11 0.22 0.09 6,351 310,877.07 11,887 1,529 1,230 74,887 60,406 297 0.20 1,666 SRLN SPDR Blackstone / GSO Senior Loan ETF 0.01 0.03 0.01 616,660 29,186,696 664,368 7,518 8,349 355,945 395,943 399 0.13 99,103 ULST SPDR SSGA Ultra Short Term Bond ETF 0.03 0.07 0.04 10,116 407,041 26,642 4,896 3,897 197,021 156,909 275 0.07 3,388 Source: NYSE, Nasdaq and BATS as of 03/31/2018. 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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State Street Global Advisors SPDR® ETF Trading Report © 2018 State Street Corporation. All Rights Reserved. ID12567-2081238.1.1.NA.INST 0418 Exp. Date: 04/30/2019 SPD001631 ssga.com | spdrs.com State Street Global Advisors One Iron Street, Boston MA 02210. T: +1 866 787 2257. 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 licenzed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicenzed 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 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. 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 licenzed 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.

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.