Edgar Filing: SPDR GOLD TRUST

SPDR ETF Report May 2016

Filed Pursuant To Rule 433

Registration No. 333-209926

June 20, 2016

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SPDR® ETF Trading Report May 2016

Consolidated Consolidated Avg. Avg. Avg. Quote Short

Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest

Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of

Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 5/13/2016

US Core

SPY SPDR S&P 500® ETF 0.01 0.00 0.01 87,351,987 18,177,400,576 94,816,860 9,264 9,101 1,912,460 1,864,158 267 0.50 241,587,026

MDY SPDR S&P MidCap 400® ETF 0.04 0.02 0.04 1,599,674 430,713,120 1,686,576 1,686 1,362 449,403 356,980 151 0.70 3,329,265

SLY SPDR S&P 600 Small Cap ETF 0.25 0.24 0.27 20,257 2,136,423 14,956 2,466 2,613 249,904 262,946 121 0.80 5,074

DIA SPDR Dow Jones Industrial Average ETF Trust 0.01 0.01 0.01 2,850,556 507,616,541 3,378,487 3,169 3,339 560,152 586,662 176 0.60 5,244,461

THRK SPDR Russell 3000 ETF 0.53 0.35 0.63 5,718 958,474 15,779 2,339 1,773 357,727 273,893 121 0.60 13,129

TWOK SPDR Russell 2000® ETF 0.16 0.25 0.17 3,489 252,927 4,076 4,465 4,251 295,628 276,443 56 0.80 8,757

ONEK SPDR Russell 1000 ETF 0.20 0.20 0.20 5,055 548,540 3,348 3,375 3,240 326,835 311,753 115 0.50 10,993

RSCO SPDR Russell Small Cap Completeness ETF 0.45 0.59 0.45 1,202 113,476 2,438 2,328 3,157 177,463 237,943 79 0.80 1,970

SPYX SPDR S&P 500 Fossil Fuel Free ETF 0.09 0.19 0.09 9,789 522,534 7,297 7,350 5,353 361,841 262,190 156 0.60 15,832

SHE SPDR SSGA Gender Diversity Index ETF 0.05 0.08 0.05 743 60,832 74,330 6,134 3,592 381,228 214,406 89 0.60 4,893

US Style

SPYG SPDR S&P 500 Growth ETF 0.19 0.19 0.20 34,103 3,614,001 43,207 3,236 2,896 322,920 289,166 162 0.60 2,014

SPYV SPDR S&P 500 Value ETF 0.13 0.13 0.13 8,671 899,671 9,924 1,978 1,939 195,723 190,061 133 0.50 4,918

MDYG SPDR S&P 400 Mid Cap Growth ETF 0.29 0.24 0.31 18,517 2,310,758 14,898 3,418 3,393 413,749 404,513 158 0.60 18,571

MDYV SPDR S&P 400 Mid Cap Value ETF 0.22 0.27 0.22 13,189 1,115,880 15,047 6,218 5,803 502,539 462,847 101 0.70 16,093

SLYG SPDR S&P 600 Small Cap Growth ETF 0.46 0.27 0.47 19,798 3,559,435 22,503 2,616 2,587 451,679 442,403 101 0.80 21,839

SLYV SPDR S&P 600 Small Cap Value ETF 0.22 0.23 0.25 38,922 3,931,044 39,610 2,583 2,416 252,333 233,627 132 0.80 113,047

US Sector

XLY Consumer Discretionary Select Sector 0.01 0.01 0.01 5,600,950 452,428,723 5,993,076 7,465 6,592 587,272 515,560 153 0.70 20,666,194

SPDR Fund

XLP Consumer Staples Select Sector SPDR Fund 0.01 0.02 0.01 10,811,514 573,639,887 11,728,911 48,361 48,858 2,557,813 2,570,908 347 0.60 51,385,546

XLE Energy Select Sector SPDR Fund 0.01 0.02 0.01 13,932,861 925,498,793 18,243,997 8,195 8,199 540,788 520,637 160 0.80 30,924,286

XLF Financial Select Sector SPDR Fund 0.01 0.04 0.01 36,194,360 864,746,014 43,985,308 895,523 858,487 20,829,865 19,521,994 1,192 0.80 99,492,380

XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 10,048,573 711,863,844 11,330,077 14,010 11,548 978,739 797,274 188 0.70 38,031,157

XLI Industrial Select Sector SPDR Fund 0.01 0.02 0.01 11,317,661 644,514,268 11,302,737 32,594 30,666 1,811,575 1,695,830 316 0.60 31,607,017

Source: ArcaVision. Data is as of May 31, 2016. Past performance is not a guarantee of future results.

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SPDR® ETF Trading Report

Consolidated Consolidated Avg. Avg. Avg. Quote Short

Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest

Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of

Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 5/13/2016

US Sector (cont’d)

XLB Materials Select Sector SPDR Fund 0.01 0.02 0.01 6,261,907 293,250,596 6,018,116 19,983 19,914 928,210 903,299 230 0.90 20,921,727

XLK Technology Select Sector SPDR Fund 0.01 0.02 0.01 9,721,157 430,057,048 10,012,388 104,397 94,831 4,452,532 4,091,958 433 0.60 21,477,160

XLU Utilities Select Sector SPDR Fund 0.01 0.02 0.01 15,596,663 767,784,171 16,530,556 23,589 24,582 1,149,256 1,187,802 270 0.70 48,536,872

XLFS Financial Services Select Sector SPDR Fund 0.15 0.51 0.11 5,928 195,258 5,897 7,705 6,307 229,609 183,471 368 0.90 10,625

XLRE Real Estate Select Sector SPDR Fund 0.15 0.48 0.14 3,942 145,550 5,836 6,363 6,633 204,189 210,664 182 0.80 23,503

US Industry

KBE SPDR S&P Bank ETF 0.01 0.03 0.01 2,563,763 82,346,940 2,655,472 12,268 12,388 391,963 386,506 206 1.20 5,335,293

KCE SPDR S&P Capital Markets ETF 0.07 0.17 0.04 4,533 191,293 40,671 2,438 3,079 95,594 117,864 71 1.10 20,126

KIE SPDR S&P Insurance ETF 0.04 0.06 0.04 276,912 19,879,761 148,926 3,019 2,949 215,647 207,492 239 0.70 1,061,473

KRE SPDR S&P Regional Banking ETF 0.01 0.03 0.01 5,237,310 210,487,975 5,434,997 6,414 7,215 256,111 280,231 151 1.20 23,217,516

XBI SPDR S&P Biotech ETF 0.03 0.06 0.03 6,205,763 332,529,266 7,151,876 2,132 1,645 113,465 87,629 150 2.00 28,987,548

XHB SPDR S&P Homebuilders ETF 0.01 0.03 0.01 2,795,284 94,170,339 2,876,170 17,673 14,996 591,162 501,016 210 0.80 11,674,473

XME SPDR S&P Metals & Mining ETF 0.01 0.05 0.01 10,656,295 234,748,787 9,236,972 9,841 10,893 214,927 231,803 189 2.30 33,727,806

XES SPDR S&P Oil & Gas Equipment & Services ETF 0.02 0.09 0.02 860,984 15,470,229 804,008 21,709 14,274 387,723 251,508 270 2.10 1,228,417

XITK SPDR FactSet Innovative Technology ETF 0.07 0.14 0.07 981 60,789 1,067 547 509 28,843 26,789 170 1.00 8,539

XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.01 0.03 0.01 17,351,675 597,300,245 21,498,086 9,636 9,992 329,937 316,247 206 1.50 49,815,944

XPH SPDR S&P Pharmaceuticals ETF 0.04 0.10 0.04 254,760 10,753,985 237,285 10,212 6,957 424,104 288,298 189 1.40 3,312,223

XRT SPDR S&P Retail ETF 0.01 0.02 0.01 6,692,287 282,581,991 5,239,092 8,704 8,304 365,220 362,968 168 1.10 27,505,456

XSD SPDR S&P Semiconductor ETF 0.04 0.09 0.04 79,306 3,411,898 78,588 2,612 2,683 110,749 115,745 206 1.20 923,812

XHE SPDR S&P Health Care Equipment ETF 0.16 0.37 0.15 2,271 111,287 3,883 2,383 2,540 104,232 107,798 114 0.90 3,146

XTL SPDR S&P Telecom ETF 0.16 0.29 0.17 4,127 243,091 9,420 5,247 5,436 293,570 304,253 321 0.90 9,394

XAR SPDR S&P Aerospace & Defense ETF 0.08 0.15 0.09 12,690 733,960 10,660 796 747 43,844 39,942 153 0.70 14,334

XHS SPDR S&P Health Care Services ETF 0.06 0.11 0.09 18,244 1,074,949 59,358 6,236 2,829 353,768 154,746 268 0.70 46,970

XSW SPDR S&P Software & Services ETF 0.09 0.18 0.10 2,990 161,220 3,068 2,436 2,248 119,461 107,702 109 0.70 4,041

XTN SPDR S&P Transportation ETF 0.05 0.12 0.06 33,367 1,526,440 46,135 2,469 1,591 109,080 71,595 242 0.90 377,000

MTK SPDR Morgan Stanley Technology ETF 0.10 0.19 0.10 19,271 1,068,165 29,685 5,615 5,169 292,373 267,909 266 0.80 2,672

Source: ArcaVision. Data is as of May 31, 2016. Past performance is not a guarantee of future results.

State Street Global Advisors

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SPDR® ETF Trading Report

Consolidated Consolidated Avg. Avg. Avg. Quote Short

Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest

Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of

Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 5/13/2016

Real Estate Equities

RWR SPDR Dow Jones REIT ETF 0.04 0.04 0.04 253,402 24,084,557 270,986 2,191 2,281 206,743 213,159 166 0.90 226,847

RWO SPDR Dow Jones Global Real Estate ETF 0.04 0.08 0.04 187,700 9,385,055 184,151 1,209 1,236 59,314 59,884 190 0.80 411,061

RWX SPDR Dow Jones International Real Estate ETF 0.01 0.03 0.02 545,689 24,012,841 601,407 4,228 2,245 177,618 92,921 212 0.60 1,117,510

Global Equities

DGT SPDR Global Dow ETF 0.25 0.39 0.28 6,323 431,460 7,659 695 722 44,953 46,302 124 0.80 12,410

GII SPDR S&P Global Infrastructure ETF 0.27 0.60 0.29 6,772 327,665 4,869 1,555 1,324 70,877 59,156 235 0.50 1,467

GNR SPDR S&P Global Natural Resources ETF 0.06 0.17 0.07 148,259 5,509,490 152,782 2,787 2,072 102,589 74,509 217 1.00 44,915

CWI SPDR MSCI ACWI ex-US ETF 0.01 0.05 0.02 168,039 5,252,390 182,138 14,272 6,408 440,291 196,597 360 0.70 113,027

ACIM SPDR MSCI ACWI IMI ETF 0.36 0.58 0.60 3,632 238,091 4,317 569 592 35,494 36,420 63 0.60 4,651

GWL SPDR S&P World ex-US ETF 0.04 0.15 0.04 114,458 2,996,228 147,784 2,938 2,932 75,213 74,473 465 0.60 462

MDD SPDR S&P International Mid Cap ETF 0.40 1.35 0.39 4,646 149,481 4,317 527 574 15,452 16,652 109 1.00 3,315

GWX SPDR S&P International Small Cap ETF 0.05 0.18 0.06 147,093 4,544,829 123,940 1,004 869 29,427 24,949 266 0.60 240,391

LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.05 0.06 0.05 260 22,103 954 1,001 1,274 71,331 89,664 61 0.70 1,890

International Developed Equities — Region/Country

JSC SPDR Russell/Nomura Small Cap Japan ETF 0.21 0.39 0.21 880 50,283 2,184 698 654 37,727 35,035 98 0.90 676

JPP SPDR Russell/Nomura PRIME Japan ETF 0.34 0.77 0.30 5,040 237,936 5,783 842 752 37,444 33,223 208 0.80 816

FEZ SPDR EURO STOXX 50 ETF 0.01 0.03 0.01 3,039,508 102,152,289 3,002,682 58,420 49,449 1,940,712 1,641,707 379 0.90 2,085,613

FEU SPDR STOXX Europe 50 ETF 0.04 0.12 0.04 80,325 2,519,505 90,833 1,450 1,491 44,428 45,371 249 0.80 3,588

SMEZ SPDR EURO STOXX Small Cap ETF 0.18 0.37 0.21 3,599 189,527 4,891 289 287 13,759 13,509 180 0.70 57

HFEZ SPDR EURO STOXX 50 Currency Hedged ETF 0.18 0.52 0.15 5,172 173,642 2,823 1,242 1,038 41,532 34,399 47 1.40 1,354

HREX SPDR MSCI International Real Estate Currency 0.17 0.42 0.17 503 26,485 354 368 406 14,981 16,569 101 0.50 500

Hedged ETF

HDWX SPDR S&P International Dividend Currency 0.12 0.29 0.10 124 3,393 3,322 329 730 12,996 28,952 64 1.40 —

Hedged ETF

Emerging Market Equities

EMBB SPDR MSCI EM Beyond BRIC ETF 0.90 1.86 0.90 27 1,316 138 238 186 11,492 9,132 0 0.00 2,366

EMFT SPDR MSCI EM 50 ETF 1.00 2.60 0.77 455 21,408 275 872 1,097 33,572 42,531 66 2.30 7

GMM SPDR S&P Emerging Markets ETF 0.20 0.37 0.20 54,746 2,945,306 44,329 670 783 35,651 41,851 199 0.80 361,599

Source: ArcaVision. Data is as of May 31, 2016. Past performance is not a guarantee of future results.

State Street Global Advisors

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SPDR® ETF Trading Report

Consolidated Consolidated Avg. Avg. Avg. Quote Short

Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest

Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of

Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 5/13/2016

Emerging Market Equities (cont’d)

GML SPDR S&P Emerging Latin America ETF 0.37 0.88 0.48 4,903 218,166 8,100 570 445 23,872 18,374 142 1.40 14,033

GAF SPDR S&P Emerging Middle East & Africa ETF 0.34 0.65 0.37 1,338 79,484 1,228 366 391 19,427 21,243 81 1.20 501

GUR SPDR S&P Emerging Europe ETF 0.22 0.88 0.18 70,873 1,804,548 52,474 721 686 18,155 17,774 164 1.10 40,128

GMF SPDR S&P Emerging Asia Pacific ETF 0.19 0.26 0.18 40,310 2,915,932 45,111 1,026 1,013 72,764 72,419 87 0.80 44,286

EWX SPDR S&P Emerging Markets Small Cap ETF 0.08 0.21 0.08 62,182 2,438,426 71,145 915 779 34,633 29,851 213 0.70 117,074

BIK SPDR S&P BRIC 40 ETF 0.04 0.20 0.03 6,872 146,915 9,371 1,729 1,229 31,537 22,786 307 1.00 148

GXC SPDR S&P China ETF 0.10 0.15 0.10 73,331 4,986,944 67,246 789 802 52,831 54,384 155 1.10 76,930

RBL SPDR S&P Russia ETF 0.10 0.63 0.09 4,733 85,741 5,540 972 1,028 15,805 16,304 288 1.30 3,960

XINA SPDR MSCI China A Shares IMI ETF 0.14 0.69 0.14 952 25,688 444 440 417 9,024 8,653 279 1.60 —

International Sector Equities

IPD SPDR S&P International Consumer Discretionary 0.60 1.67 0.49 1,148 44,590 2,093 249 497 8,874 17,882 43 0.70 2,527

Sector ETF

IPS SPDR S&P International Consumer Staples 0.48 1.12 0.61 3,729 172,947 6,026 716 951 30,931 40,532 149 1.00 1,529

Sector ETF

IPW SPDR S&P International Energy Sector ETF 0.09 0.53 0.10 61,298 1,031,491 37,158 801 823 13,361 13,769 328 1.30 100,756

IPF SPDR S&P International Financial Sector ETF 0.40 2.18 0.50 1,428 27,227 2,342 2,081 1,798 38,166 33,461 39 1.60 5,425

IRY SPDR S&P International Health Care Sector ETF 0.14 0.29 0.14 5,139 268,261 5,716 876 802 41,811 37,967 138 0.60 1,629

IPN SPDR S&P International Industrial Sector ETF 0.07 0.24 0.09 2,863 88,967 6,536 1,029 1,200 29,687 34,236 88 0.50 7,447

IRV SPDR S&P International Materials Sector ETF 0.08 0.43 0.08 249 5,934 668 1,433 1,570 26,052 27,192 21 1.20 1,503

IPK SPDR S&P International Technology Sector ETF 0.27 0.87 0.28 551 18,365 1,097 931 774 28,787 23,452 17 1.00 4

IST SPDR S&P International Telecommunications 0.08 0.32 0.08 3,868 109,013 6,815 743 592 19,080 15,043 175 0.70 —

Sector ETF

IPU SPDR S&P International Utilities Sector ETF 0.06 0.37 0.07 6,595 116,869 58,490 1,220 966 20,093 15,611 342 0.60 21,890

Advanced Beta — Income

EDIV SPDR S&P Emerging Markets Dividend ETF 0.04 0.17 0.05 40,813 1,079,812 103,424 793 1,329 20,206 34,381 213 0.90 82,704

DWX SPDR S&P International Dividend ETF 0.04 0.10 0.04 108,773 3,955,972 117,336 1,398 1,253 49,419 43,893 165 0.80 291,132

SDY SPDR S&P Dividend ETF 0.02 0.02 0.02 998,603 82,298,071 853,243 2,700 3,054 218,322 243,709 206 0.50 522,616

WDIV SPDR S&P Global Dividend ETF 0.09 0.14 0.09 6,555 421,399 9,222 656 604 39,708 36,083 194 0.60 6,895

SPYD SPDR S&P 500 High Dividend ETF 0.06 0.19 0.11 15,038 522,750 14,445 15,520 11,352 499,123 364,740 205 0.60 15,466

Source: ArcaVision. Data is as of May 31, 2016. Past performance is not a guarantee of future results.

State Street Global Advisors

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SPDR® ETF Trading Report

Consolidated Consolidated Avg. Avg. Avg. Quote Short

Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest

Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of

Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 5/13/2016

Advanced Beta — Multi Factor

QAUS SPDR MSCI Australia Quality Mix ETF 0.05 0.10 0.04 1,338 75,161 850 991 997 46,656 46,600 120 0.70 32

QCAN SPDR MSCI Canada Quality Mix ETF 0.05 0.11 0.06 1,937 112,204 2,041 952 935 48,438 46,722 148 0.90 1,232

QDEU SPDR MSCI Germany Quality Mix ETF 0.06 0.12 0.06 5,720 297,024 2,284 986 975 50,138 49,462 198 0.90 55

QJPN SPDR MSCI Japan Quality Mix ETF 0.27 0.43 0.28 2,302 155,867 1,412 583 599 37,254 37,971 86 0.90 221

QESP SPDR MSCI Spain Quality Mix ETF 0.05 0.12 0.04 595 28,510 480 1,081 1,021 45,370 43,566 156 1.20 1,457

QGBR SPDR MSCI United Kingdom Quality Mix ETF 0.07 0.15 0.07 101 6,511 426 1,012 911 50,003 45,295 62 1.80 910

QEFA SPDR MSCI EAFE Quality Mix ETF 0.35 0.64 0.36 390 28,384 871 1,401 1,474 76,579 79,257 26 0.60 711

QMEX SPDR MSCI Mexico Quality Mix ETF 0.06 0.27 0.08 210 5,894 7,534 661 650 15,183 15,269 1 1.60 61

QKOR SPDR MSCI Korea Quality Mix ETF 0.10 0.40 0.09 752 23,480 5,675 597 575 15,128 14,916 106 1.40 147

QTWN SPDR MSCI Taiwan Quality Mix ETF 0.18 0.36 0.20 31 1,480 6,076 593 562 28,828 28,337 0 0.00 100

QWLD SPDR MSCI World Quality Mix ETF 0.43 0.69 0.42 601 46,101 546 476 438 29,269 27,077 5 0.70 5,907

QEMM SPDR MSCI Emerging Markets Quality Mix ETF 0.26 0.55 0.37 31,739 1,514,648 20,327 1,514 1,551 71,431 74,619 70 0.70 6,286

QUS SPDR MSCI USA Quality Mix ETF 0.06 0.10 0.06 467 35,972 273 1,946 1,792 117,752 108,398 194 0.50 272

Advanced Beta — Single Factor

SPYB SPDR S&P 500 Buyback ETF 0.04 0.09 0.04 267 14,282 1,181 2,351 2,515 107,723 116,394 80 1.00 321

VLU SPDR S&P 1500 Value Tilt ETF 0.54 0.69 0.52 174 13,477 174 4,815 5,300 379,615 412,817 33 0.80 6,401

MMTM SPDR S&P 1500 Momentum Tilt ETF 0.86 0.97 0.54 371 40,482 1,097 1,731 2,144 153,332 187,300 5 0.80 461

LGLV SPDR Russell 1000 Low Volatility ETF 0.77 0.98 0.65 23,744 1,916,648 11,371 742 885 58,240 68,950 402 0.80 18,406

SMLV SPDR Russell 2000 Low Volatility ETF 0.25 0.33 0.27 6,124 506,834 8,699 2,562 2,707 195,788 204,568 143 0.60 4,622

ONEY SPDR Russell 1000 Yield Focus ETF 0.23 0.37 0.12 74 6,649 96 4,204 4,539 261,489 277,378 11 1.00 916

ONEO SPDR Russell 1000 Momentum Focus ETF 0.18 0.31 0.69 107 8,948 104 3,962 3,120 240,375 187,668 34 1.80 100

ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.13 0.21 0.17 838 16,802 7,025 1,722 1,990 107,470 124,315 60 0.50 2,644

Advanced Beta — Fixed Income

CBND SPDR Barclays Issuer Scored Corporate Bond ETF 0.13 0.41 0.12 23,704 769,782 11,006 389 569 12,456 18,157 238 0.20 17,770

Fixed Income — US Government

BIL SPDR Barclays 1–3 Month T-Bill ETF 0.01 0.02 0.01 1,093,064 50,940,559 1,390,463 2,976,598 3,565,270 136,030,529 162,897,186 840 0.00 309,298

ITE SPDR Barclays Intermediate Term Treasury ETF 0.06 0.09 0.04 82,801 5,097,978 162,506 9,737 11,988 593,568 728,870 406 0.10 6,977

TLO SPDR Barclays Long Term Treasury ETF 0.09 0.12 0.10 151,127 11,494,012 165,832 8,029 10,686 603,781 801,129 318 0.50 20,310

IPE SPDR Barclays TIPS ETF 0.05 0.10 0.05 38,497 2,279,508 34,012 14,384 15,914 822,765 905,347 628 0.30 10,331

Source: ArcaVision. Data is as of May 31, 2016. Past performance is not a guarantee of future results.

State Street Global Advisors

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SPDR® ETF Trading Report

Consolidated Consolidated Avg. Avg. Avg. Quote Short

Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest

Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of

Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 5/13/2016

Fixed Income — US Government (cont’d)

SST SPDR Barclays Short Term Treasury ETF 0.06 0.19 0.03 24,535 785,990 43,268 2,311 2,621 70,347 79,652 262 0.10 6,710

SIPE SPDR Barclays 0–5 Year TIPS ETF 0.14 0.70 0.14 815 17,573 830 2,861 5,172 56,276 101,526 87 0.40 13,630

TIPX SPDR Barclays 1–10 Year TIPS ETF 0.07 0.34 0.06 2,835 61,448 4,688 1,082 2,019 21,240 39,492 271 0.20 35,738

Fixed Income — US Investment Grade Corporates

SCPB SPDR Barclays Short Term Corporate Bond ETF 0.01 0.03 0.01 643,575 19,947,519 926,848 13,732 11,835 420,748 361,796 332 0.10 175,788

ITR SPDR Barclays Intermediate Term Corporate 0.02 0.05 0.02 506,682 17,599,732 370,793 4,837 9,515 166,296 325,128 244 0.10 417,708

Bond ETF

LWC SPDR Barclays Long Term Corporate Bond ET 0.16 0.40 0.14 31,130 1,301,998 27,384 586 1,503 23,721 60,060 141 0.40 19,997

FLRN SPDR Barclays Investment Grade Floating Rate ETF 0.06 0.18 0.04 59,684 1,847,840 114,060 521 1,789 15,922 54,475 212 0.10 32,536

Fixed Income — High Yield

JNK SPDR Barclays High Yield Bond ETF 0.01 0.03 0.01 9,594,866 338,802,222 11,341,840 73,130 65,420 2,554,431 2,253,065 452 0.30 19,677,193

SJNK SPDR Barclays Short Term High Yield Bond ETF 0.01 0.04 0.01 1,205,670 32,440,310 1,244,713 10,411 9,020 276,724 235,332 298 0.10 2,643,276

IJNK SPDR Barclays International High Yield Bond ETF 0.10 0.45 0.09 2,108 56,153 1,232 3,728 2,351 84,924 52,733 170 0.30 2,489

CJNK SPDR BofA Merrill Lynch Crossover Corporate 0.31 1.22 0.25 3,375 92,206 8,159 1,603 1,406 40,780 35,361 121 0.60 4,801

Bond ETF

Fixed Income — US Mortgage

MBG SPDR Barclays Mortgage Backed Bond ETF 0.05 0.20 0.05 29,256 844,875 24,475 2,192 1,476 59,425 39,970 177 0.10 6,818

Fixed Income — US Aggregate

BNDS SPDR Barclays Aggregate Bond ETF 0.06 0.10 0.05 67,427 4,010,083 114,181 1,354 2,481 79,385 144,841 296 0.10 89,894

Fixed Income — Hybrids

CWB SPDR Barclays Convertible Securities ETF 0.02 0.06 0.02 623,233 27,951,499 632,828 3,798 2,817 164,112 120,483 212 0.40 1,253,470

PSK SPDR Wells Fargo Preferred Stock ETF 0.07 0.14 0.05 89,816 4,168,208 85,362 1,740 2,493 79,622 112,709 243 0.20 50,647

Fixed Income — Municipal

SHM SPDR Nuveen Barclays Short Term Municipal 0.01 0.03 0.01 249,409 12,479,099 424,048 8,676 8,985 424,517 371,530 332 0.00 164,363

Bond ETF

TFI SPDR Nuveen Barclays Municipal Bond ETF 0.02 0.04 0.02 207,462 10,479,803 289,659 5,236 3,802 260,858 161,889 257 0.10 91,894

CXA SPDR Nuveen Barclays California Municipal Bond ETF 0.07 0.28 0.07 35,768 921,517 30,250 947 1,456 23,628 36,036 238 0.20 14,421

INY SPDR Nuveen Barclays New York Municipal Bond ETF 0.12 0.48 0.12 4,761 126,748 4,296 2,258 2,754 54,711 66,234 269 0.30 15,605

Source: ArcaVision. Data is as of May 31, 2016. Past performance is not a guarantee of future results.

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SPDR® ETF Trading Report

Consolidated Consolidated Avg. Avg. Avg. Quote Short

Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest

Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of

Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 5/13/2016

Fixed Income — Municipal (Cont’d)

BABS SPDR Nuveen Barclays Build America Bond ETF 0.62 0.98 0.70 4,368 324,309 3,995 684 696 43,598 43,758 122 0.50 8,009

HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.05 0.08 0.07 52,353 3,130,036 92,113 928 1,177 54,186 67,889 192 0.10 46,741

Fixed Income — International

WIP SPDR Citi International Government Inflation- 0.13 0.25 0.13 102,794 5,573,079 89,393 1,402 2,094 75,217 112,427 244 0.40 157,585

Protected Bond ETF

BWZ SPDR Barclays Short Term International 0.06 0.18 0.08 175,168 5,537,478 242,301 9,466 22,607 297,706 698,782 429 0.30 1,200,166

Treasury Bond ETF

BWX SPDR Barclays International Treasury Bond ETF 0.05 0.08 0.05 457,816 25,738,265 418,424 1,643 4,378 91,647 243,023 198 0.30 122,929

IBND SPDR Barclays International Corporate Bond ETF 0.08 0.25 0.09 57,799 2,006,206 48,661 1,042 1,240 34,376 40,548 195 0.30 9,611

EMCD SPDR BofA Merrill Lynch Emerging Markets 0.64 2.26 0.50 2,504 74,217 2,782 1,098 2,435 31,161 68,058 73 0.90 7,408

Corporate Bond ETF

EBND SPDR Barclays Emerging Markets Local Bond ETF 0.10 0.36 0.10 262,180 7,141,262 93,588 10,393 9,962 281,754 269,671 623 0.40 1,750,335

Commodity

GLD® SPDR Gold Trust 0.01 0.01 0.01 9,575,655 1,159,614,597 10,683,537 6,885 6,061 828,679 724,290 194 0.60 11,385,489

NANR SPDR S&P North American Natural 0.04 0.14 0.05 65,537 2,213,420 100,547 2,949 3,199 98,349 97,633 217 1.50 6,106

Resources ETF

Active — Asset Allocation

RLY SPDR SSGA Multi-Asset Real Return ETF 0.05 0.22 0.05 9,419 237,733 13,085 18,561 16,623 440,453 386,485 138 0.40 23,930

INKM SPDR SSGA Income Allocation ETF 0.05 0.16 0.05 4,289 139,032 6,787 5,655 7,982 172,986 241,775 180 0.30 3,561

GAL SPDR SSGA Global Allocation ETF 0.07 0.20 0.06 26,356 899,636 27,371 19,570 16,227 647,571 533,868 473 0.30 34,292

Active — Equity

SYE SPDR MFS Systematic Core Equity ETF 0.24 0.43 0.26 1,904 115,062 1,091 1,337 1,375 76,637 79,090 37 0.50 5,699

SYG SPDR MFS Systematic Growth Equity ETF 0.22 0.37 0.24 2,715 174,181 2,357 1,223 1,351 72,989 80,952 69 0.50 5,978

SYV SPDR MFS Systematic Value Equity ETF 0.31 0.59 0.28 433 26,149 517 1,779 1,891 92,170 97,500 34 0.70 1,075

RORO SPDR SSGA Risk Aware ETF 0.21 0.55 0.21 38 1,190 61 508 506 20,173 19,785 10 7.40 271

Source: ArcaVision. Data is as of May 31, 2016. Past performance is not a guarantee of future results.

State Street Global Advisors

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SPDR® ETF Trading Report

Consolidated Consolidated Avg. Avg. Avg. Quote Short

Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest

Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of

Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 5/13/2016

Active — Fixed Income

TOTL SPDR DoubleLine Total Return Tactical ETF 0.02 0.04 0.02 437,816 21,905,036 387,320 3,884 4,045 191,908 199,257 317 0.10 247,653

SRLN SPDR Blackstone / GSO Senior Loan ETF 0.05 0.10 0.04 78,660 3,809,227 113,323 1,942 3,926 90,847 182,245 215 0.10 34,638

ULST SPDR SSGA Ultra Short Term Bond ETF 0.10 0.25 0.06 15,824 646,075 76,543 2,261 802 90,689 31,968 238 0.10 1,154

Source: ArcaVision. Data is as of May 31, 2016. Past performance is not a guarantee of future results.

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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.