Edgar Filing: SPDR GOLD TRUST

SPDR ETF Options Report

Filed Pursuant To Rule 433

Registration No. 333-217785

May 17, 2018

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SPDR® ETF Options Report INVESTMENT PROFESSIONAL USE ONLY April 2018 INVESTMENT PROFESSIONAL USE ONLY April 2018 INVESTMENT PROFESSIONAL USE ONLY April 2018 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&P 500 ETF Trust 95,916,456 3,458,535 1,427,924 2,030,611 7,720,034 13,452,540 XLF Financial Select Sector SPDR Fund 58,313,620 163,917 91,115 72,803 1,832,957 1,748,656 XOP SPDR S&P Oil & Gas Exploration & Production ETF 19,801,238 116,660 58,924 57,737 826,160 1,204,226 XLE Energy Select Sector SPDR Fund 15,354,436 75,009 50,268 24,741 588,808 607,825 XLP Consumer Staples Select Sector SPDR Fund 14,953,777 18,508 7,001 11,507 102,328 184,251
XLK Technology Select Sector SPDR Fund 14,219,989 25,321 10,967 14,355 150,350 225,252 XLI Industrial Select Sector SPDR Fund 14,112,836 37,575 10,978 26,598 151,404 287,124 XLU Utilities Select Sector SPDR Fund 13,552,208 26,123 11,214 14,909 244,487 233,388 JNK SPDR Bloomberg Barclays High Yield Bond ETF 12,929,743 1,839 38 1,802 29,490 114,831
XLV Health Care Select Sector SPDR Fund 7,565,901 11,840 4,732 7,108 97,254 187,371 GLD® SPDR Gold Shares 6,862,612 125,682 85,682 40,001 1,688,930 858,655 XLB Materials Select Sector SPDR Fund 6,288,575 6,423 3,372 3,051 54,183 112,230
KRE SPDR S&P Regional Banking ETF 5,894,741 27,389 11,984 15,406 604,201 322,231 XLY Consumer Discretionary Select Sector SPDR Fund 5,784,685 8,637 5,824 2,813 102,940 123,965 XBI SPDR S&P Biotech ETF 5,046,022 38,785 13,621 25,164 171,644 331,083 DIA SPDR Dow Jones Industrial Average ETF Trust 4,890,104 56,671 28,713 27,958 361,005 257,034
XRT SPDR S&P Retail ETF 3,928,590 10,867 3,137 7,730 41,764 105,278 XLRE Real Estate Select Sector SPDR Fund 3,494,304 127 37 90 2,859 4,427 XHB SPDR S&P Homebuilders ETF 2,922,786 4,623 1,451 3,173 54,008 51,728
XME SPDR S&P Metals & Mining ETF 2,661,826 5,677 2,872 2,806 47,901 122,520 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 2,637,924 4 3 1 10 182 FEZ SPDR EURO STOXX 50 ETF 2,409,236 6,921 4,652 2,269 100,871 127,350
KBE SPDR S&P Bank ETF 2,403,286 2,273 1,498 775 35,295 47,382 CWB SPDR Bloomberg Barclays Convertible Securities ETF 1,377,622 35 25 10 1,395 259 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 1,114,126 19 19 1 181 216 MDY SPDR S&P MidCap 400 ETF Trust 988,675 984 490 495 18,286 15,295 SPYV SPDR Portfolio S&P 500 Value ETF 932,701 9 8 1 153 2 Source: Bloomberg as of 04/30/2018.

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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)
XES SPDR S&P Oil & Gas Equipment & Services ETF 821,358 238 222 16 4,594 603
SPYG SPDR Portfolio S&P 500 Growth ETF 714,454 9 6 3 77 41
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 632,774 — — — 4 —
RWX SPDR Dow Jones International Real Estate ETF 540,320 1 1 1 17 136
SDY SPDR S&P Dividend ETF 521,246 41 23 18 977 585
SPDW SPDR Portfolio Developed World ex-US ETF 387,606 3 2 1 89 48
KIE SPDR S&P Insurance ETF 300,932 6 4 3 498 693
EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 192,926 2 1 1 91 25
RWO SPDR Dow Jones Global Real Estate ETF 190,163 — — — 20 —
RWR SPDR Dow Jones REIT ETF 160,673 15 4 11 157 241
XSD SPDR S&P Semiconductor ETF 151,733 9 4 6 63 112
XAR SPDR S&P Aerospace & Defense ETF 125,355 27 19 8 353 203
GWX SPDR S&P International Small Cap ETF 107,732 — — — — 3
GNR SPDR S&P Global Natural Resources ETF 95,232 4 1 3 6,828 75
DWX SPDR S&P International Dividend ETF 65,711 — 1 — 30 16
XPH SPDR S&P Pharmaceuticals ETF 58,877 4 2 2 33 141
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 57,237 — 1 — 13 20
EDIV SPDR S&P Emerging Markets Dividend ETF 55,207 1 1 1 27 71
GXC SPDR S&P China ETF 49,527 17 8 9 224 219
EWX SPDR S&P Emerging Markets SmallCap ETF 45,165 — 2 — 17 5
NANR SPDR S&P North American Natural Resources ETF 24,144 — 1 — 1 —
GMF SPDR S&P Emerging Asia Pacific ETF 11,316 2 1 2 57 97
KCE SPDR S&P Capital Markets ETF 6,825 2 2 1 126 69
Source: Bloomberg as of 04/30/2018.
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). State Street Global Advisors 2

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SPDR® ETF Options Report For institutions only
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 State Street Global Advisors and its affiliates have not taken into consideration the circumstances of any particular investor in producing this material and are not making an investment recommendation or acting in fiduciary capacity in connection with the provision of the information contained herein.
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.
Investing involves risk, and you could lose money on an investment in SPDR® Gold Trust (“GLD®”).
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, a division of S&P Global (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 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. 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. State Street Global Advisors ID12913-2047512.4.1.NA.INST 0518 Exp. Date: 05/31/2019 SPD001648

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.