Edgar Filing: SPDR GOLD TRUST

SPDR ETF Trading Report August 2017

Filed Pursuant To Rule 433

Registration No. 333-217785

September 20, 2017

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SPDR® ETF Trading Report
INVESTMENT PROFESSIONAL USE ONLY
August 2017
ConsolidatedConsolidated Avg.Avg.Avg. Quote
Spread ($)Avg. DailyConsolidatedDaily VolumeAvg.Quote SizeAvg.Size ($)Avg.DailyShort
Spread Spreadvs. 3 mo.VolumeAvg. Daily(shares) vs.Quote Size (Shares) vs. 3Quotevs. 3 mo.TradeVolatilityInterest as
Ticker    ETF Name ($)(%)trailing(shares)Volume ($)3 mo. trailing(shares)mo. trailing Size ($)trailingSize(%)of 8/15/2017
US Core
SPY    SPDR S&P 500® ETF 0.010.000.0167,697,03119,110,873,08164,503,95213,39914,4603,289,1873,535,6152480.40184,701,087
MDY    SPDR S&P MidCap 400® ETF 0.060.020.071,085,727392,038,7331,187,1832,2681,834712,129582,7541210.502,623,235
SLY    SPDR S&P 600 Small Cap ETF 0.230.190.2916,8742,346,12920,9941,2511,387151,246170,240900.6016,092
DIA    SPDR Dow Jones Industrial Average ETF Trust 0.010.010.022,947,774742,597,4662,531,1211,4851,540325,304332,9021200.307,853,724
THRK    SPDR Russell 3000 ETF 0.380.210.6019,0403,983,59011,1221,9361,993352,216363,3242020.4012
TWOK    SPDR Russell 2000® ETF 0.230.280.2311,5421,086,19517,1833,6736,032300,562502,164810.6011,521
ONEK    SPDR Russell 1000 ETF 0.400.350.474,015533,1706,0982,3833,048275,141349,240790.4021,583
SMD    SPDR S&P 1000 ETF 0.510.560.662,888303,1084,5211,4011,817127,869167,8731640.501,238
SPYX    SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.140.240.1610,485722,9439,7121,2211,35373,19980,6121540.405,044
SHE    SPDR SSGA Gender Diversity Index ETF 0.060.090.062,117164,4772,9457,6847,683519,208519,217990.3030,778
US Style
SPYG    SPDR S&P 500 Growth ETF 0.180.150.2026,3523,677,84928,5242,7072,743328,522330,5861000.503,293
SPYV    SPDR S&P 500 Value ETF 0.230.200.268,3611,094,39216,9171,6472,607187,462296,494870.3016,818
MDYG    SPDR S&P 400 Mid Cap Growth ETF 0.290.200.35133,69721,797,02557,9982,4062,382341,099338,8871100.5027,198
MDYV    SPDR S&P 400 Mid Cap Value ETF 0.170.180.24211,14522,951,81783,1515,1125,064483,186479,7631860.5020,035
SLYG    SPDR S&P 600 Small Cap Growth ETF 0.620.290.6361,61915,024,10033,4902,6792,605568,002557,079990.603,006
SLYV    SPDR S&P 600 Small Cap Value ETF 0.240.210.2880,97110,838,94451,9891,8361,930213,710227,200960.6010,927
US Sector
XLY    Consumer Discretionary Select Sector SPDR Fund 0.010.010.014,021,290414,492,1014,133,0427,7117,508691,137677,0711660.5010,515,608
XLP    Consumer Staples Select Sector SPDR Fund 0.010.020.019,782,293620,928,14110,745,73168,32867,2333,771,7063,735,4654390.4040,508,598
Source: NYSE, Nasdaq and BATS as of 8/31/2017. Past performance is not a guarantee of future results.
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SPDR® ETF Trading Report
ConsolidatedConsolidated Avg.Avg.Avg. Quote
Spread ($)Avg. Daily ConsolidatedDaily VolumeAvg.Quote SizeAvg.Size ($)Avg.DailyShort
Spread Spreadvs. 3 mo.VolumeAvg. Daily(shares) vs.Quote Size(Shares) vs. 3Quotevs. 3 mo.TradeVolatilityInterest as
Ticker    ETF Name ($)(%)trailing(shares)Volume ($)3 mo. trailing(shares)mo. trailingSize ($)trailingSize(%)of 8/15/2017
US Sector (cont’d)
XLE    Energy Select Sector SPDR Fund 0.010.020.0112,328,411904,730,01415,508,98219,74617,8291,259,9921,157,6372260.5031,249,667
XLF    Financial Select Sector SPDR Fund 0.010.040.0147,348,6491,358,929,99959,925,520980,815915,94924,481,14222,532,3451,4020.5068,888,211
XLV    Health Care Select Sector SPDR Fund 0.010.010.016,096,928555,199,5776,966,73214,53015,0971,150,4851,194,9282480.5021,699,337
XLI    Industrial Select Sector SPDR Fund 0.010.010.019,401,045736,331,2698,998,57924,77424,7011,687,3571,686,0903190.5029,972,551
XLB    Materials Select Sector SPDR Fund 0.010.020.013,941,140246,048,0353,943,67520,91720,6621,135,5841,123,1862250.5017,602,255
XLK    Technology Select Sector SPDR Fund 0.010.020.019,582,973635,399,55511,481,80758,26656,3283,359,6183,184,7853310.5028,494,735
XLU    Utilities Select Sector SPDR Fund 0.010.020.019,017,610563,191,48210,507,64831,86329,7701,730,4801,587,9323090.4049,110,007
XLRE    Real Estate Select Sector SPDR Fund 0.010.030.011,357,66450,760,3651,904,71748,26143,2151,568,9651,398,4374030.504,375,083
US Industry
KBE    SPDR S&P Bank ETF 0.010.030.011,497,81273,027,2352,076,0724,0064,192169,854180,6751740.704,044,797
KCE    SPDR S&P Capital Markets ETF 0.100.200.116,562375,9738,3542,9723,185148,065158,6771300.603,173
KIE    SPDR S&P Insurance ETF 0.060.060.06125,16813,006,53599,9161,7481,514157,949135,2151370.40266,464
KRE    SPDR S&P Regional Banking ETF 0.010.020.014,519,842275,410,1345,647,5933,4193,550181,173191,9131820.8019,286,095
XBI    SPDR S&P Biotech ETF 0.050.070.053,774,042337,328,1324,235,9301,8651,482144,948114,2771411.2027,660,304
MTK    SPDR Morgan Stanley Technology ETF 0.140.190.1419,4511,696,32820,3651,5581,452118,159108,929810.607,761
XHB    SPDR S&P Homebuilders ETF 0.010.030.011,738,52376,218,5801,513,03112,87912,019490,947460,4482070.708,718,393
Source: NYSE, Nasdaq and BATS as of 8/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
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SPDR® ETF Trading Report
ConsolidatedConsolidated Avg.Avg.Avg. Quote
Spread ($)Avg. Daily ConsolidatedDaily VolumeAvg.Quote SizeAvg.Size ($)Avg.DailyShort
Spread Spreadvs. 3 mo.VolumeAvg. Daily(shares) vs.Quote Size (Shares) vs. 3Quotevs. 3 mo.TradeVolatilityInterest as
Ticker    ETF Name ($)(%)trailing(shares)Volume ($)3 mo. trailing(shares)mo. trailing Size ($)trailingSize(%)of 8/15/2017
US Industry (cont’d)
XME    SPDR S&P Metals & Mining ETF 0.010.040.012,317,11082,289,8352,774,4535,3095,255163,942159,8051900.907,659,906
XES    SPDR S&P Oil & Gas Equipment & Services ETF 0.020.140.02456,4597,249,303566,0149,4718,048130,795121,4442261.30437,845
XITK    SPDR FactSet Innovative Technology ETF 0.110.160.112,764232,6962,12440744629,82132,1251790.802,999
XOP    SPDR S&P Oil & Gas Exploration & Production ETF 0.010.030.0113,551,071472,827,69317,426,26113,20813,179400,731414,0842521.1067,269,143
XPH    SPDR S&P Pharmaceuticals ETF 0.040.100.04113,9535,379,87887,5122,1862,15689,73590,6812000.80964,021
XRT    SPDR S&P Retail ETF 0.010.030.013,954,310180,363,9084,189,7815,3435,736211,903230,0141820.9020,879,679
XSD    SPDR S&P Semiconductor ETF 0.050.070.0573,3375,280,54688,5741,7631,572110,38199,9791471.10548,182
XHE    SPDR S&P Health Care Equipment ETF 0.220.370.2110,342716,95314,4192,6892,370162,093143,693950.6027,885
XTL    SPDR S&P Telecom ETF 0.280.390.2917,7811,438,21012,6601,4961,835105,214130,1381470.804,441
XAR    SPDR S&P Aerospace & Defense ETF 0.060.080.06141,77112,103,763106,7261,8131,794134,597130,5851490.602,275,235
XHS    SPDR S&P Health Care Services ETF 0.130.210.136,490442,6548,9601,6941,467100,47190,9541280.6017,046
XSW    SPDR S&P Software & Services ETF 0.120.190.1410,157731,1245,2501,8241,811114,182113,550890.60913
XTH    SPDR S&P Technology Hardware ETF 0.280.390.301647,2712514,0494,277295,010316,498411.2010,120
XTN    SPDR S&P Transportation ETF 0.050.100.0626,2331,653,42221,9512,6162,506143,383137,9301110.9021,003
XWEB    SPDR S&P Internet ETF 0.250.360.2722515,4812484,0364,178279,332289,07641.101,209
Real Estate Equities
RWR    SPDR Dow Jones REIT ETF 0.050.060.05116,46112,414,341147,8372,1981,696203,733157,9821180.6063,765
RWO    SPDR Dow Jones Global Real Estate ETF 0.040.080.05127,8977,067,667158,7231,3371,34364,24364,5451740.40242,673
RWX    SPDR Dow Jones International Real Estate ETF 0.010.040.01362,71016,292,633466,4295,4646,031213,424233,9422450.301,564,228
Source: NYSE, Nasdaq and BATS as of 8/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
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SPDR® ETF Trading Report
ConsolidatedConsolidated Avg.Avg.Avg. Quote
Spread ($)Avg. Daily ConsolidatedDaily VolumeAvg.Quote SizeAvg.Size ($)Avg.DailyShort
Spread Spreadvs. 3 mo.VolumeAvg. Daily(shares) vs.Quote Size (Shares) vs. 3Quotevs. 3 mo.TradeVolatilityInterest as
Ticker    ETF Name ($)(%)trailing(shares)Volume ($)3 mo. trailing(shares)mo. trailing Size ($)trailingSize(%)of 8/15/2017
Global Equities
DGT    SPDR Global Dow ETF 0.480.600.3894983,8121,27659544946,92234,941580.50561
GII    SPDR S&P Global Infrastructure ETF 0.150.290.189,778587,73515,3309641,22450,38862,7791550.402,113
GNR    SPDR S&P Global Natural Resources ETF 0.060.140.0783,1444,190,919117,3741,3371,35758,60157,6324540.40250,504
CWI    SPDR MSCI ACWI ex-US ETF 0.030.070.0298,6474,178,879281,50510,4068,076383,357292,3512830.40221,450
ACIM    SPDR MSCI ACWI IMI ETF 0.420.570.315,522462,9134,86051039637,17428,7691180.404,785
EFAX    SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.270.390.386,296505,4313,23451948036,57433,682890.603,892
GWL    SPDR S&P World ex-US ETF 0.040.130.0358,7312,010,781108,7705,71810,284170,225303,5843430.4039,656
GWX    SPDR S&P International Small Cap ETF 0.070.210.0744,8871,762,94053,6751,3171,25644,97642,2271980.3032,743
LOWC    SPDR MSCI ACWI Low Carbon Target ETF 0.120.150.1285077,3929721,2061,045101,59387,487980.40859
International Developed Equities—Region/Country
FEZ    SPDR EURO STOXX 50 ETF 0.010.030.012,486,507113,557,3952,646,27483,67373,5113,322,6552,892,6584090.506,384,304
FEU    SPDR STOXX Europe 50 ETF 0.060.180.0542,6351,690,42042,8741,3241,28045,65244,0322120.4012,684
SMEZ    SPDR EURO STOXX Small Cap ETF 0.170.280.141,846127,6242,37363084037,87649,1231000.401,396
Emerging Market Equities
GMM    SPDR S&P Emerging Markets ETF 0.150.210.1826,3212,154,85438,1391,04693774,46564,3911570.6031,082
GMF    SPDR S&P Emerging Asia Pacific ETF 0.200.210.1919,1392,140,72419,73359666057,96762,106700.60238,554
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free
EEMX    ETF 0.650.980.641,471108,9111,13651149233,51131,655650.8010,852
EWX    SPDR S&P Emerging Markets Small Cap ETF 0.100.200.0840,9832,280,44253,97385493041,32544,1751880.60165,083
Source: NYSE, Nasdaq and BATS as of 8/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
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SPDR® ETF Trading Report
ConsolidatedConsolidated Avg.Avg.Avg. Quote
Spread ($)Avg. Daily ConsolidatedDaily VolumeAvg.Quote SizeAvg.Size ($)Avg.DailyShort
Spread Spreadvs. 3 mo.VolumeAvg. Daily(shares) vs.Quote Size (Shares) vs. 3Quotevs. 3 mo.TradeVolatilityInterest as
Ticker    ETF Name ($)(%)trailing(shares)Volume ($)3 mo. trailing(shares)mo. trailing Size ($)trailingSize(%)of 8/15/2017
Emerging Market Equities (cont’d)
GXC    SPDR S&P China ETF 0.130.140.1268,9157,755,37668,03346252245,21148,901830.8041,671
XINA    SPDR MSCI China A Shares IMI ETF 0.150.670.253777571202112,7724,56200.000
Advanced Beta—Income
EDIV    SPDR S&P Emerging Markets Dividend ETF 0.070.230.0646,2361,653,06449,97392374128,69622,6382180.4087,227
DWX    SPDR S&P International Dividend ETF 0.070.170.06134,9776,265,030133,2361,8941,70776,44268,0582290.30112,941
SDY    SPDR S&P Dividend ETF 0.020.020.02426,18843,666,419410,0861,2821,874114,213167,5171880.40584,977
WDIV    SPDR S&P Global Dividend ETF 0.080.120.0812,9991,008,77013,72853958936,37239,4921670.408,185
SPYD    SPDR S&P 500 High Dividend ETF 0.070.200.0643,0601,747,73643,2926,0156,002212,269212,2911970.401,881
Advanced Beta—Multi Factor
QCAN    SPDR MSCI Canada StrategicFactors ETF 0.050.100.061,54298,4091,10383682847,85346,8651680.401,114
QDEU    SPDR MSCI Germany StrategicFactors ETF 0.060.090.0681751,55397299498460,34659,3651610.606,659
QJPN    SPDR MSCI Japan StrategicFactors ETF 0.260.360.2639332,0491,20247248934,80535,374440.201,282
QGBR    SPDR MSCI United Kingdom StrategicFactors ETF 0.140.280.169,695579,5934,17791591847,66247,7642100.40394
QEFA    SPDR MSCI EAFE StrategicFactors ETF 0.320.520.3717,0451,220,32316,43976287947,44254,4191290.4063,760
QWLD    SPDR MSCI World StrategicFactors ETF 0.530.750.6672637,6911,7881,15964581,73345,098670.701
QEMM    SPDR MSCI Emerging Markets StrategicFactors ETF 0.250.410.296,712468,0456,88460777236,80846,1042080.4077,846
QUS    SPDR MSCI USA StrategicFactors ETF 0.220.300.194,818391,9659,07516634511,74324,323800.3019,337
Advanced Beta—Single Factor
SPYB    SPDR S&P 500 Buyback ETF 0.100.180.1148729,6763833,9004,091219,804229,546660.5011,979
Source: NYSE, Nasdaq and BATS as of 8/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
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SPDR® ETF Trading Report
ConsolidatedConsolidated Avg.Avg.Avg. Quote
Spread ($)Avg. Daily ConsolidatedDaily VolumeAvg.Quote SizeAvg.Size ($)Avg.DailyShort
Spread Spreadvs. 3 mo.VolumeAvg. Daily(shares) vs.Quote Size (Shares) vs. 3Quotevs. 3 mo.TradeVolatilityInterest as
Ticker    ETF Name ($)(%)trailing(shares)Volume ($)3 mo. trailing(shares)mo. trailingSize ($)trailingSize(%)of 8/15/2017
Advanced Beta—Single Factor (cont’d)
VLU    SPDR S&P 1500 Value Tilt ETF 0.500.530.6072475,29861666065861,12360,8321000.502,801
MMTM    SPDR S&P 1500 Momentum Tilt ETF 0.540.520.5267579,0441,5347631,00879,444103,653340.603,135
LGLV    SPDR SSGA US Large Cap Low Volatility Index ETF 0.440.500.451,755176,7871,90555063648,18055,523480.303,712
SMLV    SPDR SSGA US Small Cap Low Volatility Index ETF 0.350.390.376,132638,4586,5982,8112,860254,508262,176950.50834
ONEY    SPDR Russell 1000 Yield Focus ETF 0.300.440.321,08986,6751,1753,7143,599258,829250,3466240.80262
ONEO    SPDR Russell 1000 Momentum Focus ETF 0.400.570.412,641212,5982,8631,0201,05171,40073,4121220.5029,424
ONEV    SPDR Russell 1000 Low Volatility Focus ETF 0.330.470.341,470117,8085,1067931,13455,83580,7522160.4084,647
Advanced Beta—Fixed Income
SPDR Bloomberg Barclays Issuer Scored Corporate Bond
CBND    ETF 0.130.410.149,728353,8287,64036458611,78318,940770.20101,675
Fixed Income—US Government
BIL    SPDR Bloomberg Barclays 1-3 Month T-Bill ETF 0.010.020.01638,27933,566,344556,1571,476,9981,701,32667,543,11977,801,6386670.00366,226
ITE    SPDR Bloomberg Barclays Intermediate Term Treasury ETF 0.070.110.0630,9562,146,34176,5588,6449,098521,147547,6092860.1030,318
TLO    SPDR Bloomberg Barclays Long Term Treasury ETF 0.090.120.1049,5734,135,57453,2871,3261,67596,188120,9521700.4010,996
IPE    SPDR Bloomberg Barclays TIPS ETF 0.060.110.0632,5102,111,80142,3935,8433,711330,071209,1892860.2018,053
SST    SPDR Bloomberg Barclays Short Term Treasury ETF 0.040.130.0414,225494,45713,6628,6898,036262,668242,6072500.106,532
TIPX    SPDR Bloomberg Barclays 1-10 Year TIPS ETF 0.050.270.069,304208,87119,1231,6131,39731,48627,2004280.2048,416
Fixed Income—US Investment Grade Corporates
SCPB    SPDR Bloomberg Barclays Short Term Corporate Bond ETF 0.010.030.01436,87415,415,188425,24123,46322,953719,845703,7393470.00197,435
SPDR Bloomberg Barclays Intermediate Term Corporate
ITR    Bond ETF 0.020.050.02479,77219,066,973464,6989,6569,268333,711319,7462840.1050,449
Source: NYSE, Nasdaq and BATS as of 8/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
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SPDR® ETF Trading Report
ConsolidatedConsolidated Avg.Avg.Avg. Quote
Spread ($)Avg. DailyConsolidatedDaily VolumeAvg.Quote SizeAvg.Size ($)Avg.DailyShort
Spread Spreadvs. 3 mo.VolumeAvg. Daily(shares) vs.Quote Size(Shares) vs. 3Quotevs. 3 mo.TradeVolatilityInterest as
Ticker    ETF Name ($)(%)trailing(shares)Volume ($)3 mo. trailing(shares)mo. trailingSize ($)trailingSize(%)of 8/15/2017
Fixed Income—US Investment Grade Corporates (cont’d)
LWC    SPDR Bloomberg Barclays Long Term Corporate Bond ET 0.130.310.1387,2294,195,85949,0214,5474,919190,201205,4672290.307,886
SPDR Bloomberg Barclays Investment Grade Floating Rate
FLRN    ETF 0.010.050.01266,6809,416,359221,1368,49610,580260,827324,9122570.0054,929
Fixed Income—High Yield
JNK    SPDR Bloomberg Barclays High Yield Bond ETF 0.010.030.0110,069,268428,647,6939,833,372112,355106,7874,159,3823,959,6624750.2040,915,578
SJNK    SPDR Bloomberg Barclays Short Term High Yield Bond ETF 0.010.040.011,784,09457,076,5491,566,73036,41244,7581,012,9821,248,3014030.10297,480
CJNK    SPDR BofA Merrill Lynch Crossover Corporate Bond ETF 0.140.520.179,585292,8777,17950751513,47113,6682410.204,312
Fixed Income—US Mortgage
MBG    SPDR Bloomberg Barclays Mortgage Backed Bond ETF 0.070.260.0722,081668,87131,9477,5913,783199,94799,4551750.106,335
Fixed Income—US Aggregate
BNDS    SPDR Bloomberg Barclays Aggregate Bond ETF 0.060.100.0626,1221,738,14141,1441,9682,496113,868144,0691940.1012,563
Fixed Income—Hybrids
CWB    SPDR Bloomberg Barclays Convertible Securities ETF 0.010.030.02918,66453,279,4691,051,2462,2592,075113,921104,1241410.40891,650
PSK    SPDR Wells Fargo Preferred Stock ETF 0.060.140.0645,1752,345,10247,3508,19310,573369,832476,9481540.1019,440
Fixed Income—Municipal
SPDR Nuveen Bloomberg Barclays Short Term Municipal
SHM    Bond ETF 0.010.030.01254,16214,279,716256,99812,71810,970621,401534,4583670.00238,363
TFI    SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 0.020.050.02233,74413,219,069233,3573,8703,988190,327195,4121400.10197,967
HYMB    SPDR Nuveen S&P High Yield Municipal Bond ETF 0.150.260.1445,7223,011,64970,79593671553,61440,8482050.1013,489
Fixed Income—International
SPDR Citi International Government Inflation-Protected
WIP    Bond ETF 0.200.350.1816,4431,083,85935,80995992754,97051,8931430.306,027
Source: NYSE, Nasdaq and BATS as of 8/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
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SPDR® ETF Trading Report
ConsolidatedConsolidated Avg.Avg.Avg. Quote
Spread ($)Avg. Daily ConsolidatedDaily VolumeAvg.Quote SizeAvg.Size ($)Avg.DailyShort
Spread Spreadvs. 3 mo.VolumeAvg. Daily(shares) vs.Quote Size (Shares) vs. 3Quotevs. 3 mo.TradeVolatilityInterest as
Ticker    ETF Name ($)(%)trailing(shares)Volume ($)3 mo. trailing(shares)mo. trailing Size ($)trailingSize(%)of 8/15/2017
Fixed Income—International (cont’d)
SPDR Bloomberg Barclays Short Term International
BWZ    Treasury Bond ETF 0.160.480.1719,490719,91321,81896999931,12431,5481610.3095,390
BWX    SPDR Bloomberg Barclays International Treasury Bond ETF 0.040.130.04432,00514,126,508463,3291,4141,26740,20035,3751920.30984,430
SPDR Bloomberg Barclays International Corporate Bond
IBND    ETF 0.100.280.1151,4712,047,67550,3501,04498736,11233,2921870.3010,821
SPDR Bloomberg Barclays Emerging Markets Local Bond
EBND    ETF 0.090.310.1143,4461,493,87130,8953,0833,03592,18289,5331340.204,435
Commodity
GLD®    SPDR Gold Trust® 0.010.010.017,807,8711,098,145,2917,214,24712,28812,8141,502,8221,541,1402140.5015,885,473
NANR    SPDR S&P North American Natural Resources ETF 0.070.210.0623,543872,48541,3011,7012,47354,82377,8751800.408,734
Active—Asset Allocation
RLY    SPDR SSgA Multi-Asset Real Return ETF 0.110.440.1115,667441,28219,5086,6157,281162,001177,0741160.405,787
INKM    SPDR SSgA Income Allocation ETF 0.090.280.095,451205,3475,47811,21610,104367,773330,3002110.202,668
GAL    SPDR SSgA Global Allocation ETF 0.080.230.0818,401766,72215,1517,5318,549272,848308,1061140.304,607
DWFI    SPDR Dorsey Wright Fixed Income Allocation ETF 0.050.180.0542,9801,102,72925,911202251,18655,5566000.4826,858
Active—Equity
SYE    SPDR MFS Systematic Core Equity ETF 0.260.380.205,501440,8863,9401,3771,34996,21194,0121060.402,059
SYG    SPDR MFS Systematic Growth Equity ETF 0.270.370.254,095347,1508,6309761,19171,95185,931840.503,493
SYV    SPDR MFS Systematic Value Equity ETF 0.160.270.1634022,5242041,4471,46387,16787,970150.60120
Active—Fixed Income
TOTL    SPDR DoubleLine Total Return Tactical ETF 0.030.060.03334,81419,026,343290,6345,9134,683292,161230,9662380.10206,616
EMTL    SPDR DoubleLine Emerging Markets Fixed Income ETF 0.100.200.117,160364,52513,4196,92112,693352,945642,81525222.3814,605
Source: NYSE, Nasdaq and BATS as of 8/31/2017. Past performance is not a guarantee of future results.
State Street Global Advisors
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SPDR® ETF Trading Report
ssga.com | spdrs.com
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.
Not FDIC Insured • No Bank Guarantee • May Lose Value
State Street Global Advisors
© 2017 State Street Corporation. All Rights Reserved.
IBG-25105 Exp. Date: 9/30/2018 SPD001433
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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.