Edgar Filing: SPDR GOLD TRUST

ETF Trading Report January 2017

Filed Pursuant To Rule 433

Registration No. 333-209926

February 21, 2017

LOGO

SPDR® ETF Trading Report January 2017

Ticker ETF Name Spread ($)Spread (%)Spread ($) vs. 3 mo. trailingConsolidated Avg. Daily Volume (shares)Consolidated Avg. Daily Volume ($)Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailingAvg. Quote Size (shares)Avg. Quote Size (Shares) vs. 3 mo. trailingAvg. Quote Size ($)Avg. Quote Size ($) vs. 3 mo. trailingAvg. Trade SizeDaily Volatility (%)Short Interest as of 01/13/2017

US Core

SPY SPDR S&P 500® ETF 0.010.000.0174,119,85418,170,772,45484,032,07816,30716,1903,699,2433,594,0182730.30185,267,481

MDY SPDR S&P MidCap 400® ETF 0.060.020.061,404,549456,343,8151,528,4442,3281,935711,996576,6881500.602,909,222

SLY SPDR S&P 600 Small Cap ETF 0.400.330.3842,2245,434,09336,6562,1962,534264,838304,4601120.8017,497

DIA SPDR Dow Jones Industrial Average ETF Trust 0.010.000.014,304,506887,695,2804,014,5012,2651,882450,146365,4661360.305,735,443

THRK SPDR Russell 3000 ETF 0.650.380.645,7381,226,4495,3842,8992,539492,685423,962860.40804

TWOK SPDR Russell 2000® ETF 0.270.330.2745,6143,775,59228,7025,178,161414,913407,8741640.7016,403

ONEK SPDR Russell 1000 ETF 0.460.420.475,757717,5726,0402,1652,547230,897266,4931060.4020,060

SMD SPDR S&P 1000 ETF 0.610.680.6622,3242,109,60611,6371,1521,043103,42792,5871150.7014,788

SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.140.260.175,995383,9285,1576,86811,123374,306597,4161520.4026,115

SHE SPDR SSGA Gender Diversity Index ETF 0.080.120.081,414127,6591,5496,9567,158440,315458,398840.4014,086

US Style

SPYG SPDR S&P 500 Growth ETF 0.240.220.2446,6465,340,49853,4852,7862,793299,495295,5271670.3030,363

SPYV SPDR S&P 500 Value ETF 0.260.230.2442,2074,784,23025,8213,7613,417415,891373,4781590.4023,575

MDYG SPDR S&P 400 Mid Cap Growth ETF 0.400.290.3927,0093,912,30923,4072,8082,749378,968363,280990.6033,507

MDYV SPDR S&P 400 Mid Cap Value ETF 0.290.300.3066,8806,588,55044,5976,4526,008617,198563,7911100.7010,533

SLYG SPDR S&P 600 Small Cap Growth ETF 0.570.270.6241,7349,424,54741,2562,5302,358526,341482,352680.8057,720

SLYV SPDR S&P 600 Small Cap Value ETF 0.290.240.3193,34311,608,87778,4311,6391,960195,008230,849940.9045,170

US Sector

XLY Consumer Discretionary Select Sector SPDR Fund 0.010.010.015,142,470618,040,1575,744,0459,3549,223779,937753,0581790.309,536,446

XLP Consumer Staples Select Sector SPDR Fund 0.010.010.0112,199,558895,246,70214,200,83758,73151,9823,059,2982,678,6324590.4063,334,905

XLE Energy Select Sector SPDR Fund 0.010.010.0111,398,675987,368,65913,849,7598,8967,871664,531579,6201790.7036,780,780

XLF Financial Select Sector SPDR Fund 0.010.040.0158,662,5501,508,849,09779,466,646764,326824,27117,869,94218,579,0681,3840.8064,583,080

XLV Health Care Select Sector SPDR Fund 0.010.010.018,681,042654,009,46410,403,17314,27913,1271,002,529909,5702220.6027,473,222

XLI Industrial Select Sector SPDR Fund 0.010.010.0111,199,180908,109,99411,770,82323,19923,1261,466,6411,431,7313080.6032,996,203

Source: ArcaVision. Data is as of January 31,2017. Past performance is not a guarantee of future results.

LOGO

SPDR® ETF Trading Report

US Sector (cont’d)

XLB Materials Select Sector SPDR Fund 0.010.020.014,910,667286,098,8105,383,60523,51021,7871,207,7091,084,7752420.6014,776,234

XLK Technology Select Sector SPDR Fund 0.010.020.017,828,888482,449,3219,700,15265,25455,4503,239,2092,670,4723860.4026,190,017

XLU Utilities Select Sector SPDR Fund 0.010.020.0112,992,389754,374,39115,793,05421,59319,3381,048,340924,5503320.4052,531,541

XLRE Real Estate Select Sector SPDR Fund 0.010.030.011,904,53360,130,6512,084,11041,24034,3501,274,7281,044,5843530.606,467,929

US Industry

KBE SPDR S&P Bank ETF 0.010.020.012,943,695135,082,4983,856,1706,5318,338283,184342,6921731.103,893,059

KCE SPDR S&P Capital Markets ETF 0.110.230.1110,178511,20910,67313,29411,473610,195513,0731090.705,851

KIE SPDR S&P Insurance ETF 0.040.040.04256,25521,695,910209,0882,9412,885244,456236,1081420.60217,138

KRE SPDR S&P Regional Banking ETF 0.010.020.017,014,664409,969,9177,989,2774,6635,468257,864287,6171601.1019,960,552

XBI SPDR S&P Biotech ETF 0.030.050.046,288,844428,549,0846,630,1351,4011,29088,66980,5861601.6020,749,528

MTK SPDR Morgan Stanley Technology ETF 0.270.430.2638,0672,482,78032,6893,9963,518252,547215,8292140.705,185

XHB SPDR S&P Homebuilders ETF 0.010.030.011,891,50871,334,3232,168,87312,72112,516439,002423,7922110.809,807,581

XME SPDR S&P Metals & Mining ETF 0.010.030.014,120,833150,768,7964,722,9114,3544,970142,419153,8221611.5010,543,396

XES SPDR S&P Oil & Gas Equipment & Services ETF 0.020.060.02642,62815,095,007594,0955,1905,356119,733116,0651901.60415,341

XITK SPDR FactSet Innovative Technology ETF 0.190.300.131,850150,0621,72370056342,53933,6901450.809,782

XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.010.020.0111,162,914512,278,98115,265,5219,1688,589376,896344,7622040.9048,099,814

XPH SPDR S&P Pharmaceuticals ETF 0.030.070.04342,45914,901,687323,0472,2053,27286,149129,1791951.20837,896

XRT SPDR S&P Retail ETF 0.010.020.016,755,434325,085,2645,710,3787,4596,927326,704309,4982050.8033,414,498

XSD SPDR S&P Semiconductor ETF 0.050.080.0589,2685,389,474117,5532,2742,995131,028164,6652050.901,209,936

XHE SPDR S&P Health Care Equipment ETF 0.210.400.2016,225898,58922,3792,3112,673118,000132,2071090.8047,951

XTL SPDR S&P Telecom ETF 0.180.250.1730,0952,190,30219,9093,4773,367245,233233,6022060.6017,965

XAR SPDR S&P Aerospace & Defense ETF 0.080.110.07208,06914,593,944222,2444,0644,764261,275302,4191850.60

2,328,034

XHS SPDR S&P Health Care Services ETF 0.080.150.0821,1081,236,35425,5906563,87936,211203,0271510.8024,467

XSW SPDR S&P Software & Services ETF 0.120.220.123,529283,7744,5871,9871,894111,431105,1551280.503,282

XTH SPDR S&P Technology Hardware ETF 0.420.640.443,043113,7101,0585,9135,835386,651377,1741231.502,641

XTN SPDR S&P Transportation ETF 0.070.120.0685,1574,796,66692,9442,4702,419134,492129,9491610.8031,003

XWEB SPDR S&P Internet ETF 0.230.380.233,169165,2411,6193,5983,598219,082214,6571612.10913

Source: ArcaVision. Data is as of January 31,2017. Past performance is not a guarantee of future results.

State Street Global Advisors

LOGO

SPDR® ETF Trading Report

Real Estate Equities

RWR SPDR Dow Jones REIT ETF 0.050.050.06375,67836,203,370392,2542,4062,078224,720190,1371670.60119,151

RWO SPDR Dow Jones Global Real Estate ETF 0.030.070.04936,24745,184,440519,9902,0621,57398,00773,6011730.50550,928

RWX SPDR Dow Jones International Real Estate ETF 0.010.020.011,545,48161,753,9901,190,69210,5409,778385,869361,0044560.401,404,522

Global Equities

DGT SPDR Global Dow ETF 0.300.410.294,303368,4573,07242843530,67930,5631340.40342

GII SPDR S&P Global Infrastructure ETF 0.220.480.2117,025836,49817,55189455940,80225,2161400.5016,807

GNR SPDR S&P Global Natural Resources ETF 0.080.190.08115,0375,206,344136,5671,0271,25144,08951,7161850.70162,196

CWI SPDR MSCI ACWI ex-US ETF 0.010.030.01466,07315,773,055483,39711,61110,104376,545321,5093330.40260,843

ACIM SPDR MSCI ACWI IMI ETF 0.701.041.1610,897786,77710,87435467023,72944,3471610.6014,776

EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.701.130.6697289,4606071,6421,548101,78894,211660.50696

GWL SPDR S&P World ex-US ETF 0.020.060.03653,77017,632,229284,72024,97119,496661,232512,9401,0540.4036,677

GWX SPDR S&P International Small Cap ETF 0.040.130.04142,7504,406,923146,2841,3061,19239,07635,5101620.5097,859

LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.140.180.111,291157,3691,78096695873,60072,272700.30894

International Developed Equities — Region/Country

FEZ SPDR EURO STOXX 50 ETF 0.010.020.011,939,81474,245,7402,115,48272,39264,3162,466,3952,113,4244000.503,105,991

FEU SPDR STOXX Europe 50 ETF 0.030.100.0339,1641,267,41258,9191,4011,50842,67444,3202760.4017,950

SMEZ SPDR EURO STOXX Small Cap ETF 0.130.260.122,978148,5113,79070256433,78726,0621260.703,751

HFEZ SPDR EURO STOXX 50 Currency Hedged ETF 0.170.460.149,919412,3985,1722,1111,98976,52469,5553680.50547

HDWX SPDR S&P International Dividend Currency Hedged ETF 0.250.590.271,32384,17884433535314,27814,851770.301,240

Emerging Market Equities

GMM SPDR S&P Emerging Markets ETF 0.210.350.2234,2412,110,46034,24543950826,15129,6821050.5020,515

GML SPDR S&P Emerging Latin America ETF 0.380.810.361,03470,9753,12530354314,29624,066770.901,889

GAF SPDR S&P Emerging Middle East & Africa ETF 1.512.601.733,307224,4453,12329528517,01015,954901.101,137

GUR SPDR S&P Emerging Europe ETF 0.260.930.2217,590542,04310,21283773123,65420,1101400.7063,249

GMF SPDR S&P Emerging Asia Pacific ETF 0.160.210.1715,4951,331,72523,35062059648,70146,3031060.503,939

Source: ArcaVision. Data is as of January 31,2017. Past performance is not a guarantee of future results.

State Street Global Advisors

LOGO

SPDR® ETF Trading Report

Emerging Market Equities (cont’d)

EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves 0.911.690.7537437,4072571,5561,41683,37074,977151.601,411

Free ETF

EWX SPDR S&P Emerging Markets Small Cap ETF 0.070.170.0990,1324,220,066104,82484784634,73534,6101600.5021,874

GXC SPDR S&P China ETF 0.100.130.1265,9845,529,57266,22979278259,92358,7991030.6015,759

RBL SPDR S&P Russia ETF 0.090.420.1017,911413,61014,0541,11294722,95218,9022100.909,099

XINA SPDR MSCI China A Shares IMI ETF 0.241.140.26181,659772142144,5414,57551.6016

International Sector Equities

IPD SPDR S&P International Consumer Discretionary 0.240.650.276,140346,4402,64333134312,19412,533640.5026,318

Sector ETF

IPS SPDR S&P International Consumer Staples Sector ETF 0.210.510.222,366123,1544,68235547614,26718,769930.501,270

IPW SPDR S&P International Energy Sector ETF 0.110.580.1019,381383,73019,19391679917,23914,614228

0.90 71,877

IPF SPDR S&P International Financial Sector ETF 0.291.450.404,162105,9773,3901,7261,71834,41633,5011760.802,945

IRY SPDR S&P International Health Care Sector ETF 0.120.270.1323,7561,086,06915,56176375133,64832,6011570.6042,628

IPN SPDR S&P International Industrial Sector ETF 0.140.460.149,866329,3835,2031,2831,26939,09338,0831860.5018,459

IRV SPDR S&P International Materials Sector ETF 0.140.670.1612,429286,2207,9321,3611,35029,88828,026530.80168

IPK SPDR S&P International Technology Sector ETF 0.180.520.266,076251,8934,7862,1281,26075,97042,7272820.602,771

IST SPDR S&P International Telecommunications 0.100.430.0912,208591,39415,75675392817,56021,1211440.6010,585

Sector ETF

IPU SPDR S&P International Utilities Sector ETF 0.060.400.066,055114,8487,1298181,07112,31915,9692630.504,743

Advanced Beta — Income

EDIV SPDR S&P Emerging Markets Dividend ETF 0.060.220.0681,2022,314,83392,4281,02788928,42723,6562150.6088,027

DWX SPDR S&P International Dividend ETF 0.030.080.04147,4535,630,785186,5432,0081,48574,07553,6981910.5046,522

SDY SPDR S&P Dividend ETF 0.020.020.02994,23491,257,881964,8573,4193,166293,966269,9022210.401,047,262

WDIV SPDR S&P Global Dividend ETF 0.090.140.0916,6941,131,24115,94648254730,33233,6571440.6018,477

SPYD SPDR S&P 500 High Dividend ETF 0.050.140.0567,3732,621,52657,06113,15616,555462,170580,2532370.5038,658

Source: ArcaVision. Data is as of January 31,2017. Past performance is not a guarantee of future results.

State Street Global Advisors

LOGO

SPDR® ETF Trading Report

Advanced Beta - Multi Factor

QAUS SPDR MSCI Australia StrategicFactors ETF 0.040.080.053,871218,4933,60498297747,89247,1601070.60490

QCAN SPDR MSCI Canada StrategicFactors ETF 0.060.100.064,053265,1312,53675281341,23243,9021210.603,200

QDEU SPDR MSCI Germany StrategicFactors ETF 0.060.100.0657546,81264394692749,79746,934800.60712

QJPN SPDR MSCI Japan StrategicFactors ETF 0.260.380.232,977222,2061,60057453137,89535,163760.705,219

QESP SPDR MSCI Spain StrategicFactors ETF 0.040.080.0456243,60353698099040,52340,2341121.00

415

QGBR SPDR MSCI United Kingdom StrategicFactors ETF 0.180.370.1729121,19324094082543,71038,016760.50495

QEFA SPDR MSCI EAFE StrategicFactors ETF 0.340.620.2521,7461,314,98628,2811,7172,10594,177112,3861300.403,484

QWLD SPDR MSCI World StrategicFactors ETF 0.580.890.4992487,83541037237523,91223,876910.30304

QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.410.780.4314,544796,14312,86173673538,43437,7791020.50106,480

QUS SPDR MSCI USA StrategicFactors ETF 0.120.180.134,045307,9642,39742861328,04739,8271520.304,587

Advanced Beta - Single Factor

SPYB SPDR S&P 500 Buyback ETF 0.100.180.1071155,0161,5068,8598,619469,173456,376520.6013,277

VLU SPDR S&P 1500 Value Tilt ETF 0.941.050.811,008165,2971,7377542,03067,423180,731770.605,356

MMTM SPDR S&P 1500 Momentum Tilt ETF 0.230.240.275,822698,2432,17774092270,26387,2211230.40221

LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.480.590.563,634373,3514,81965966553,26753,2271100.409,059

SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.330.350.3617,6191,761,09321,8162,2412,502207,293228,3581240.8033,397

ONEY SPDR Russell 1000 Yield Focus ETF 0.440.630.362,576189,6201,1065,4455,044370,314344,102200.7024,948

ONEO SPDR Russell 1000 Momentum Focus ETF 0.420.640.3430,1752,039,90115,52913,15912,024866,389789,376850.6011,557

ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.370.550.312,521226,1834,9486,2856,922419,587459,067810.6036,069

Advanced Beta - Fixed Income

CBND SPDR Bloomberg Barclays Issuer Scored Corporate 0.160.500.1811,498415,8219,64587186727,65427,5271500.402,972

Bond ETF

Fixed Income — US Government

BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF 0.010.020.01816,57041,310,770947,0742,579,7222,150,316117,944,89098,312,4487480.001,077,550

ITE SPDR Bloomberg Barclays Intermediate Term 0.060.100.0670,2384,424,66563,3563,5683,001213,081179,2203060.1016,339

Treasury ETF

TLO SPDR Bloomberg Barclays Long Term Treasury ETF 0.100.140.10121,6338,673,784133,3501,6801,508117,516106,0431870.6044,302

IPE SPDR Bloomberg Barclays TIPS ETF 0.070.110.07111,1546,555,77682,0473,2302,829182,850159,8392180.2020,512

Source: ArcaVision. Data is as of January 31,2017. Past performance is not a guarantee of future results.

State Street Global Advisors

LOGO

SPDR® ETF Trading Report

Ticker ETF Name Spread Spread ($)vs. 3 mo. (%)Spread ($) Volume trailingConsolidated Avg. Daily Avg. Daily (shares)Consolidated (shares) vs. Volume ($)Consolidated Avg. Daily Volume Quote Size 3 mo. trailingAvg. (Shares) vs. (shares)Avg. Quote Size Quote 3 mo. trailingAvg. vs. 3 mo. Size ($)Avg. Quote Size ($) Trade trailingAvg. Volatility SizeDaily as of (%)Short Interest 01/13/2017

Fixed Income — US Government (cont’d)

SST SPDR Bloomberg Barclays Short Term Treasury ETF 0.050.160.0462,5221,936,88659,9847,5259,880226,277298,1786660.10174,045

SIPE SPDR Bloomberg Barclays 0–5 Year TIPS ETF 0.231.170.1812,634269,3797,0802,9492,32758,30245,9823100.402,975

TIPX SPDR Bloomberg Barclays 1–10 Year TIPS ETF 0.090.460.0798,6131,935,75639,62699093219,33518,1935940.2051,865

Fixed Income — US Investment Grade Corporates

SCPB SPDR Bloomberg Barclays Short Term Corporate 0.010.030.011,503,65446,314,6521,217,41926,78730,035818,075917,5693780.00151,875

Bond ETF

ITR SPDR Bloomberg Barclays Intermediate Term Corporate 0.020.060.03577,13320,108,622420,8576,9484,510236,163153,3403450.1040,075

Bond ETF

LWC SPDR Bloomberg Barclays Long Term Corporate Bond ET 0.170.410.1749,1152,122,72448,5921,19698947,99539,3521380.4013,923

FLRN SPDR Bloomberg Barclays Investment Grade Floating 0.020.070.03350,66810,968,702205,79311,5987,949355,479243,6374630.1087,449

Rate ETF

Fixed Income — High Yield

JNK SPDR Bloomberg Barclays High Yield Bond ETF 0.010.020.0110,006,727443,986,37611,508,79769,31068,8012,548,5292,494,7244680.1032,629,709

SJNK SPDR Bloomberg Barclays Short Term High Yield 0.010.030.011,248,02935,955,3981,637,21024,51020,372683,339560,4343400.10701,596

Bond ETF

CJNK SPDR BofA Merrill Lynch Crossover Corporate Bond ETF 0.351.340.3426,699737,15025,68356576914,80319,9252160.4013,347

Fixed Income — US Mortgage

MBG SPDR Bloomberg Barclays Mortgage Backed Bond ETF 0.110.390.1058,8971,670,57174,0252,4534,10264,563108,2111300.2010,929

Fixed Income — US Aggregate

BNDS SPDR Bloomberg Barclays Aggregate Bond ETF 0.080.000.08126,0607,495,325139,5742,8191,984161,049113,2673820.2033,333

Fixed Income — Hybrids

CWB SPDR Bloomberg Barclays Convertible Securities ETF 0.020.030.021,000,70948,847,335990,9271,9812,45191,621111,7411470.301,011,336

PSK SPDR Wells Fargo Preferred Stock ETF 0.070.170.0882,1463,735,841105,9251,8644,37879,984187,0281860.4026,485

Fixed Income — Municipal

SHM SPDR Nuveen Barclays Short Term Municipal Bond ETF 0.010.030.02790,82538,929,754846,28811,11611,649534,902559,3855450.1088,300

TFI SPDR Nuveen Barclays Municipal Bond ETF 0.030.060.04596,42329,496,325707,4443,9803,304189,926157,5352480.2072,490

HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.100.170.10169,18010,127,414228,04471366840,17837,455

138 0.20101,258

Source: ArcaVision. Data is as of January 31,2017. Past performance is not a guarantee of future results.

State Street Global Advisors

LOGO

SPDR® ETF Trading Report

Fixed Income — International

WIP SPDR Citi International Government Inflation-Protected 0.300.560.2978,2964,228,240100,00346876424,60740,6371350.4017,046

Bond ETF

BWZ SPDR Bloomberg Barclays Short Term International 0.110.370.1730,088932,12844,5281,10992332,87127,3302160.403,561

Treasury Bond ETF

BWX SPDR Bloomberg Barclays International Treasury 0.040.150.05939,55825,179,462884,4759651,07025,14828,2591850.50485,936

Bond ETF

IBND SPDR Bloomberg Barclays International Corporate 0.090.300.1299,3003,157,73473,77963558319,62818,0611840.5010,127

Bond ETF

EBND SPDR Bloomberg Barclays Emerging Markets Local 0.160.600.1255,4651,514,280111,9798751,69523,44144,7141760.505,991

Bond ETF

Commodity

GLD® SPDR Gold Trust 0.010.000.017,527,237966,817,5388,723,40410,7318,9681,221,6171,028,3611880.709,648,456

GLDW SPDR Long Dollar Gold Trust 0.090.080.0961,9137,571,33561,9131,6811,681201,266201,2661730.20—

NANR SPDR S&P North American Natural Resources ETF 0.060.160.0829,6551,069,28450,3782,7431,94694,74366,6311640.805,893

Active — Asset Allocation

RLY SPDR SSgA Multi-Asset Real Return ETF 0.140.560.0947,4471,214,06637,2235,9179,237146,623225,5682100.4012,914

INKM SPDR SSgA Income Allocation ETF 0.130.420.098,696295,3327,1999,8668,634303,971264,8912150.302,965

GAL SPDR SSgA Global Allocation ETF 0.110.320.1032,3301,135,91126,61513,59212,287455,604408,6661880.205,709

DWFI SPDR Dorsey Wright Fixed Income Allocation ETF 0.140.570.1321,956543,30915,0639231,15522,88328,2681,2430.124,270

Active — Equity

SYE SPDR MFS Systematic Core Equity ETF 0.180.280.1958858,8857681,3951,25288,83479,227290.50168

SYG SPDR MFS Systematic Growth Equity ETF 0.200.310.2144746,1236671,0501,11267,90470,367200.40445

SYV SPDR MFS Systematic Value Equity ETF 0.330.570.3238135,9405081,2071,17769,13767,383301.006

Active — Fixed Income

TOTL SPDR DoubleLine Total Return Tactical ETF 0.030.060.03527,10125,910,791513,1982,9923,152145,381153,5022390.2016,262

SRLN SPDR Blackstone / GSO Senior Loan ETF 0.020.050.04335,40616,521,701231,2827,8928,312375,186393,9892300.00152,145

ULST SPDR SSgA Ultra Short Term Bond ETF 0.050.120.049,010387,0515,7103,0763,181123,747127,9082970.0010,684

EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF 0.180.370.336,288307,5126,7378,1385,440397,864272,3293990.266,541

Source: ArcaVision. Data is as of January 31,2017. Past performance is not a guarantee of future results.

State Street Global Advisors

LOGO

SPDR® ETF Trading Report

Ticker ETF Name Spread Spread ($) vs. 3 mo. (%)Spread ($) Volume trailingConsolidated Avg. Daily Avg. Daily (shares)Consolidated (shares) vs. Volume ($)Consolidated Avg. Daily Volume Quote Size (Shares) vs. 3 mo. trailingAvg. Avg. Quote Size Quote (shares) 3 mo. trailingAvg. vs. 3 mo. Trade Volatility Size ($)Avg. Quote Size ($) Avg. as of trailing SizeDaily (%)Interest 01/13/2017Short

Active — Fixed Income (cont’d)

STOT SPDR DoubleLine Short Duration Total Return 0.14 0.290.165,702282,42013,7118,328 8,739412,813434,7071210.156,832

Tactical ETF

Source: ArcaVision. Data is as of January 31, 2017. Past performance is not a guarantee of future results.

ssga.com | spdrs.com

For investment professional use only. Not for use with the public. State Street Global Advisors One Lincoln Street, Boston, MA 02111-2900. T: +1 617 786 3000. Important Risk Information ETFs trade like stocks, 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. 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. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting spdrgoldshares.com. Alternatively, the SPDR Gold Trust 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. Investing involves risk, and you could lose money on an investment in GLD. Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. When this document is distributed electronically, the GLD prospectus is available by clicking here. For more information: State Street Global Markets, LLC (Marketing Agent for GLD), 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. 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, including for any errors, omissions, or interruptions of any index. Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a 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 Street Global Markets, LLC. State Street Global Markets, LLC is the distributor for certain registered products on behalf of the advisor. SSGA Funds Management has retained GSO Capital Partners, Nuveen Asset Management & Massachusetts Financial Services Company & DoubleLine Capital LP as the sub-advisor. GSO Capital Partners, Nuveen Asset Management, MFS, and DoubleLine Capital LP are not affiliated with State Street Global Markets, 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 +1 617 664 7727 or visit spdrs.com. Read it carefully. © 2017 State Street Corporation. All Rights Reserved. State Street Global Advisors ID8773-IBG-22868 0217 Exp. Date: 02/28/2018 SPD001257

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.