Filed Pursuant To Rule 433

Registration No. 333-217785

April 4, 2018

 

 

Filed Pursuant To Rule 433
Registration No. 333-217785
April 4, 2018
SPDR® ETF Trading Report
Investment ProfessIonal Use only
February 2018

Ticker		ETF Name		Spread ($)		Spread (%)		Spread ($) vs. 3 month trailing		Consolidated Avg. Daily Volume (shares)		Consolidated Average Daily Volume ($)		Consolidated Avg. Daily Volume (shares) vs. 3 month trailing		Avg. Quote Size (shares)		Avg. Quote Size (Shares) vs. 3 month trailing		Avg. Quote Size ($)		Avg. Quote Size ($) vs. 3 month trailing		Avg. Trade Size		Daily Volatility (%)		Short Interest as of 2/15/2018
US Core
SPY		SPDR S&P 500® ETF		0.01		0.01		0.01		153,880,103		41,397,034,764		110,583,916		941		1,741		256,941		474,158		259		3.52		203,868,847
MDY		SPDR S&P MidCap 400® ETF		0.09		0.03		0.06		1,760,215		596,109,868		1,292,734		462		514		158,479		178,940		161		1.73		1,663,259
SLY		SPDR S&P 600 Small Cap ETF		0.36		0.28		0.30		30,389		3,993,038		24,049		742		736		98,167		98,926		119		1.38		20,119
DIA		SPDR Dow Jones Industrial Average		0.03		0.01		0.02		9,620,923		2,389,740,382		6,084,541		425		408		106,168		102,429		160		2.17		6,093,598
		ETF Trust
SPTM		SPDR Portfolio Total Stock Market ETF		0.02		0.06		0.02		466,497		15,572,257		602,311		2,180		1,610		73,292		54,564		253		1.60		48,554
SPSM		SPDR Portfolio Small Cap ETF		0.02		0.08		0.02		237,739		7,089,792		312,747		1,583		1,141		47,279		34,631		224		1.49		107,781
SPLG		SPDR Portfolio Large Cap ETF		0.02		0.06		0.01		521,062		16,408,193		628,156		3,697		2,600		117,274		83,070		422		1.53		47,844
SPMD		SPDR Portfolio Mid Cap ETF		0.01		0.04		0.01		379,797		12,572,953		371,011		805		911		26,689		30,712		270		1.47		15,293
SPYX		SPDR S&P 500 Fossil Fuel Reserves		0.11		0.17		0.10		21,672		1,423,442		25,445		743		733		49,013		48,284		197		1.09		1,525
		Free ETF
SHE		SPDR SSGA Gender Diversity Index ETF		0.11		0.16		0.08		8,631		612,791		21,358		762		687		54,118		49,584		108		1.07		20,986
US Style
SPYG		SPDR Portfolio S&P 500 Growth ETF		0.01		0.04		0.01		1,008,951		34,468,480		760,560		775		802		26,605		27,435		353		1.84		108,854
SPYV		SPDR Portfolio S&P 500 Value ETF		0.02		0.05		0.01		1,011,048		30,898,428		698,845		1,338		1,215		40,741		37,746		766		1.56		63,765
MDYG		SPDR S&P 400 Mid Cap Growth ETF		0.19		0.12		0.15		55,935		8,751,379		86,283		448		421		70,347		66,812		90		1.30		8,119
MDYV		SPDR S&P 400 Mid Cap Value ETF		0.11		0.11		0.09		41,419		4,118,564		81,444		452		431		45,226		44,302		103		1.33		16,459
SLYG		SPDR S&P 600 Small Cap Growth ETF		0.48		0.21		0.43		31,601		7,212,793		32,044		719		719		164,378		166,814		53		1.35		13,471
SLYV		SPDR S&P 600 Small Cap Value ETF		0.15		0.12		0.14		103,437		12,725,408		98,429		570		658		70,526		83,757		87		1.47		32,800
US Sector
XLY		Consumer Discretionary Select Sector		0.01		0.01		0.01		9,791,253		1,014,878,193		6,410,193		784		1,160		80,800		116,811		152		2.16		8,693,280
		SPDR Fund
XLP		Consumer Staples Select Sector		0.01		0.02		0.01		18,900,383		1,033,392,327		13,895,457		2,740		5,149		150,707		292,059		277		1.65		35,811,778
		SPDR Fund
XLE		Energy Select Sector SPDR Fund		0.01		0.02		0.01		21,006,464		1,449,468,657		15,219,164		1,275		2,414		87,265		173,413		182		2.56		22,409,681

Source: NYSE, Nasdaq and BATS as of 02/28/2018. Past performance is not a guarantee of future results.

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SPDR® ETF Trading Report

Ticker		ETF Name		Spread ($)		Spread (%)		Spread ($) vs. 3 month trailing		Consolidated Avg. Daily Volume (shares)		Consolidated Average Daily Volume ($)		Consolidated Avg. Daily Volume (shares) vs. 3 month trailing		Avg. Quote Size (shares)		Avg. Quote Size (Shares) vs. 3 month trailing		Avg. Quote Size ($)		Avg. Quote Size ($) vs. 3 month trailing		Avg. Trade Size		Daily Volatility (%)		Short Interest as of 2/15/2018
US Sector (cont’d)
XLF		Financial Select Sector SPDR Fund		0.01		0.03		0.01		79,568,423		2,271,638,378		65,765,378		27,441		42,810		794,399		1,222,473		776		2.34		68,645,618
XLV		Health Care Select Sector SPDR Fund		0.01		0.01		0.01		13,933,737		1,169,661,676		9,666,657		631		1,583		53,680		133,883		171		2.05		23,522,640
XLI		Industrial Select Sector SPDR Fund		0.01		0.01		0.01		17,330,306		1,316,637,137		12,738,752		956		1,869		73,638		143,255		200		2.15		36,729,859
XLB		Materials Select Sector SPDR Fund		0.01		0.02		0.01		9,785,123		583,991,247		6,710,550		973		1,954		58,816		119,296		205		2.11		14,832,298
XLK		Technology Select Sector SPDR Fund		0.01		0.02		0.01		19,982,912		1,313,550,982		14,557,416		1,905		3,961		127,698		260,251		268		2.24		26,188,817
XLU		Utilities Select Sector SPDR Fund		0.01		0.02		0.01		23,738,986		1,166,019,091		19,185,997		3,626		3,955		178,122		203,917		244		1.85		64,328,316
XLRE		Real Estate Select Sector SPDR Fund		0.01		0.03		0.01		5,725,699		174,076,796		3,088,827		3,764		5,413		114,896		173,347		437		1.98		2,634,354
US Industry
KBE		SPDR S&P Bank ETF		0.01		0.02		0.01		2,809,753		138,687,319		2,593,967		665		724		33,108		35,566		163		2.39		3,321,845
KCE		SPDR S&P Capital Markets ETF		0.11		0.19		0.09		17,127		999,507		23,802		1,323		1,523		77,844		89,319		99		1.47		14,067
KIE		SPDR S&P Insurance ETF		0.03		0.09		0.02		436,931		13,466,204		438,617		1,106		1,195		34,049		37,087		358		1.42		1,053,911
KRE		SPDR S&P Regional Banking ETF		0.01		0.02		0.01		7,409,160		456,186,607		7,062,550		1,163		746		72,958		45,986		164		2.49		20,079,626
XBI		SPDR S&P Biotech ETF		0.04		0.05		0.04		5,068,762		457,679,218		4,840,209		360		468		32,905		41,110		147		3.01		30,076,417
XNTK		SPDR NYSE Technology ETF		0.13		0.14		0.11		38,294		3,405,854		29,454		387		408		34,628		35,887		116		1.66		2,897
XHB		SPDR S&P Homebuilders ETF		0.01		0.03		0.01		3,393,251		143,351,941		2,036,549		778		926		33,003		40,836		183		2.30		11,090,985
XME		SPDR S&P Metals & Mining ETF		0.01		0.04		0.01		3,530,356		128,592,771		3,835,059		629		789		22,877		28,479		195		2.96		8,441,035
XES		SPDR S&P Oil & Gas Equipment &		0.02		0.11		0.02		1,015,378		16,134,503		819,831		2,024		1,936		31,665		32,425		320		3.45		1,274,531
		Services ETF
XITK		SPDR FactSet Innovative Technology ETF		0.16		0.19		0.15		4,297		357,591		3,176		149		150		12,444		12,249		137		1.37		2,025
XOP		SPDR S&P Oil & Gas Exploration &		0.01		0.03		0.01		20,082,946		684,234,703		16,771,272		1,152		1,945		39,372		72,381		230		3.32		58,251,211
		Production ETF
XPH		SPDR S&P Pharmaceuticals ETF		0.05		0.11		0.04		124,288		5,286,624		123,722		496		514		21,301		22,598		216		1.82		595,869
XRT		SPDR S&P Retail ETF		0.01		0.03		0.01		5,927,932		268,759,094		6,174,831		577		748		26,312		34,379		186		2.55		23,765,172
XSD		SPDR S&P Semiconductor ETF		0.05		0.08		0.05		230,321		15,802,935		154,553		317		370		21,979		26,284		163		1.83		336,602
XHE		SPDR S&P Health Care Equipment ETF		0.20		0.30		0.17		27,298		1,817,860		25,692		222		204		14,857		13,654		123		1.32		29,314
XTL		SPDR S&P Telecom ETF		0.17		0.24		0.15		25,885		1,784,789		37,175		425		499		29,459		34,628		164		1.19		7,110

Source: NYSE, Nasdaq and BATS as of 02/28/2018. Past performance is not a guarantee of future results.
State Street Global Advisors

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SPDR® ETF Trading Report

Ticker		ETF Name		Spread ($)		Spread (%)		Spread ($) vs. 3 month trailing		Consolidated Avg. Daily Volume (shares)		Consolidated Average Daily Volume ($)		Consolidated Avg. Daily Volume (shares) vs. 3 month trailing		Avg. Quote Size (shares)		Avg. Quote Size (Shares) vs. 3 month trailing		Avg. Quote Size ($)		Avg. Quote Size ($) vs. 3 month trailing		Avg. Trade Size		Daily Volatility (%)		Short Interest as of 2/15/2018
US Industry (cont’d)
XAR		SPDR S&P Aerospace & Defense ETF		0.08		0.10		0.07		219,814		18,778,241		156,621		520		563		45,053		48,026		131		1.87		2,310,362
XHS		SPDR S&P Health Care Services ETF		0.23		0.36		0.19		6,326		403,796		5,570		212		264		13,593		16,586		100		1.27		14,385
XSW		SPDR S&P Software & Services ETF		0.26		0.36		0.22		5,760		424,479		7,525		979		958		72,053		69,385		97		0.98		1,316
XTH		SPDR S&P Technology Hardware ETF		0.22		0.31		0.19		772		55,810		1,582		927		935		67,377		70,710		62		1.55		496
XTN		SPDR S&P Transportation ETF		0.07		0.11		0.06		78,755		5,002,755		54,905		347		369		22,198		24,099		158		1.65		11,678
XWEB		SPDR S&P Internet ETF		0.28		0.38		0.26		915		65,743		864		984		991		71,571		70,711		76		1.16		3,224
XKII		SPDR Kensho Intelligent Structures ETF		0.08		0.28		0.07		2,894		86,557		9,356		1,694		1,237		50,710		37,680		178		0.58		11,089
XKST		SPDR Kensho Smart Mobility ETF		0.08		0.26		0.07		808		24,818		4,241		1,444		1,317		44,358		41,206		74		0.94		2,991
XKFS		SPDR Kensho Future Security ETF		0.08		0.25		0.06		2,159		65,027		7,241		1,168		998		35,573		30,658		218		0.97		4,486
Real Estate Equities
RWR		SPDR Dow Jones REIT ETF		0.04		0.05		0.04		336,243		28,421,727		245,944		452		471		38,365		42,193		162		1.80		88,192
RWO		SPDR Dow Jones Global Real Estate ETF		0.05		0.11		0.04		314,503		14,366,493		267,689		367		366		16,819		17,434		205		1.36		57,152
RWX		SPDR Dow Jones International Real Estate ETF		0.01		0.04		0.01		860,492		34,041,396		776,736		788		918		31,343		37,069		242		1.16		1,570,202
Global Equities
DGT		SPDR Global Dow ETF		0.51		0.59		0.48		5,085		436,165		3,390		145		145		12,534		12,648		126		1.02		1,005
GII		SPDR S&P Global Infrastructure ETF		0.08		0.16		0.07		52,915		2,607,831		30,308		282		278		14,135		14,379		324		0.98		6,927
GNR		SPDR S&P Global Natural Resources ETF		0.08		0.17		0.07		238,661		11,732,033		197,159		245		248		12,080		12,312		260		1.47		44,685
CWI		SPDR MSCI ACWI ex-US ETF		0.02		0.06		0.02		259,823		10,253,857		258,363		1,165		1,572		46,167		62,474		307		1.29		8,667
ACIM		SPDR MSCI ACWI IMI ETF		0.46		0.59		0.44		15,055		1,175,711		9,553		143		145		11,274		11,596		135		0.90		493
EFAX		SPDR MSCI EAFE Fossil Fuel Reserves Free ETF		0.30		0.40		0.25		16,652		1,222,570		8,335		182		136		13,457		10,094		162		0.60		1,627
SPDW		SPDR Portfolio World ex- US ETF		0.01		0.04		0.01		564,703		17,916,177		817,263		2,293		3,846		73,165		123,347		322		1.21		114,295
GWX		SPDR S&P International Small Cap ETF		0.05		0.14		0.04		145,260		5,129,515		143,501		386		394		13,760		14,231		232		1.09		7,065
LOWC		SPDR MSCI ACWI Low Carbon Target ETF		0.19		0.21		0.20		8,371		765,301		5,270		135		138		12,389		12,671		329		0.99		345

Source: NYSE, Nasdaq and BATS as of 02/28/2018. Past performance is not a guarantee of future results.
State Street Global Advisors

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SPDR® ETF Trading Report

Ticker		ETF Name		Spread ($)		Spread (%)		Spread ($) vs. 3 month trailing		Consolidated Avg. Daily Volume (shares)		Consolidated Average Daily Volume ($)		Consolidated Avg. Daily Volume (shares) vs. 3 month trailing		Avg. Quote Size (shares)		Avg. Quote Size (Shares) vs. 3 month trailing		Avg. Quote Size ($)		Avg. Quote Size ($) vs. 3 month trailing		Avg. Trade Size		Daily Volatility (%)		Short Interest as of 2/15/2018
International Developed Equities — Region/Country
FEZ		SPDR EURO STOXX 50 ETF		0.01		0.02		0.01		6,612,574		270,604,242		4,216,739		5,678		7,657		234,573		320,094		374		1.57		3,855,923
FEU		SPDR STOXX Europe 50 ETF		0.07		0.19		0.05		72,729		2,640,743		109,753		330		335		11,820		12,189		291		1.06		2,836
SMEZ		SPDR EURO STOXX Small Cap ETF		0.19		0.29		0.16		6,097		397,391		8,040		188		192		12,382		12,621		145		0.87		7,681
Emerging Market Equities
SPEM		SPDR Portfolio Emerging Markets ETF		0.03		0.09		0.03		574,930		22,949,854		547,421		320		454		12,750		17,681		315		1.60		34,166
GMF		SPDR S&P Emerging Asia Pacific ETF		0.21		0.19		0.17		30,293		3,271,529		27,346		195		198		21,215		21,413		123		1.22		40,501
EEMX		SPDR MSCI Emerging Markets Fossil		0.63		0.87		0.50		5,546		394,835		3,622		179		171		12,927		12,257		172		1.09		2,036
		Fuel Reserves Free ETF
EWX		SPDR S&P Emerging Markets Small		0.08		0.16		0.06		87,346		4,584,295		78,397		295		291		15,515		15,295		189		1.22		183,168
		Cap ETF
GXC		SPDR S&P China ETF		0.19		0.17		0.13		129,672		14,564,730		105,179		193		197		21,879		22,108		109		1.87		35,084
XINA		SPDR MSCI China A Shares IMI ETF		0.10		0.41		0.10		2,496		60,113		9,434		148		150		3,587		3,663		221		0.40		184
Advanced Beta — Income
EDIV		SPDR S&P Emerging Markets		0.09		0.26		0.07		79,104		2,765,798		67,581		318		547		11,127		18,272		221		1.25		47,987
		Dividend ETF
DWX		SPDR S&P International Dividend ETF		0.04		0.10		0.03		134,878		5,447,750		116,857		488		481		19,900		19,891		246		1.01		70,520
SDY		SPDR S&P Dividend ETF		0.02		0.02		0.02		937,043		86,361,435		698,469		534		530		49,519		50,237		172		1.60		748,857
WDIV		SPDR S&P Global Dividend ETF		0.10		0.14		0.09		13,073		908,762		13,382		201		200		14,043		14,171		143		0.86		9,298
SPYD		SPDR Portfolio S&P 500 High		0.01		0.04		0.01		295,539		10,721,662		242,472		677		815		24,611		30,444		209		1.47		28,627
		Dividend ETF
Advanced Beta — Multi Factor
QCAN		SPDR MSCI Canada		0.06		0.11		0.05		2,360		138,203		14,377		212		208		12,475		12,599		145		0.70		160
		StrategicFactors ETF
QDEU		SPDR MSCI Germany		0.08		0.12		0.06		16,282		1,106,564		6,682		261		266		17,195		17,717		523		0.88		1
		StrategicFactors ETF
QJPN		SPDR MSCI Japan StrategicFactors ETF		0.26		0.33		0.25		9,559		773,682		4,598		201		199		15,953		15,901		523		0.75		2,813
QGBR		SPDR MSCI United Kingdom		0.24		0.45		0.19		23,753		1,268,213		9,811		247		253		13,219		13,645		1,339		0.57		4,670
		StrategicFactors ETF
QEFA		SPDR MSCI EAFE StrategicFactors ETF		0.30		0.46		0.27		13,149		856,654		25,721		221		233		14,463		15,361		114		0.78		12,112

Source: NYSE, Nasdaq and BATS as of 02/28/2018. Past performance is not a guarantee of future results.
State Street Global Advisors

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SPDR® ETF Trading Report

Ticker		ETF Name		Spread ($)		Spread (%)		Spread ($) vs. 3 month trailing		Consolidated Avg. Daily Volume (shares)		Consolidated Average Daily Volume ($)		Consolidated Avg. Daily Volume (shares) vs. 3 month trailing		Avg. Quote Size (shares)		Avg. Quote Size (Shares) vs. 3 month trailing		Avg. Quote Size ($)		Avg. Quote Size ($) vs. 3 month trailing		Avg. Trade Size		Daily Volatility (%)		Short Interest as of 2/15/2018
Advanced Beta — Multi Factor (cont’d)
QWLD		SPDR MSCI World StrategicFactors ETF		0.22		0.29		0.20		3,789		287,823		2,922		255		259		19,277		19,789		248		0.96		77
QEMM		SPDR MSCI Emerging Markets		0.47		0.71		0.38		67,166		4,433,339		27,822		223		220		14,741		14,464		822		0.95		30,349
		StrategicFactors ETF
QUS		SPDR MSCI USA StrategicFactors ETF		0.17		0.22		0.13		8,763		675,097		14,132		126		130		9,753		10,197		112		1.29		4,974
Advanced Beta — Single Factor
SPYB		SPDR S&P 500 Buyback ETF		0.16		0.25		0.15		7,085		447,521		6,382		1,204		1,189		76,556		76,269		137		1.18		61
VLU		SPDR S&P 1500 Value Tilt ETF		0.37		0.37		0.31		1,137		115,979		1,054		367		365		37,556		37,631		92		1.64		581
MMTM		SPDR S&P 1500 Momentum Tilt ETF		0.55		0.47		0.53		2,194		256,661		1,444		252		259		29,634		30,458		112		0.96		8,331
LGLV		SPDR SSGA US Large Cap Low Volatility		0.29		0.33		0.16		8,909		809,980		7,176		218		214		19,747		19,649		159		0.91		8,382
		Index ETF
SMLV		SPDR SSGA US Small Cap Low Volatility		0.26		0.30		0.23		42,435		3,732,048		38,161		860		868		75,851		79,487		268		0.86		123
		Index ETF
ONEY		SPDR Russell 1000 Yield Focus ETF		0.14		0.21		0.18		750		51,904		2,266		133		126		9,144		8,966		43		0.77		1,655
ONEO		SPDR Russell 1000 Momentum		0.22		0.30		0.18		15,881		1,158,410		22,749		226		221		16,543		16,478		132		0.95		21,028
		Focus ETF
ONEV		SPDR Russell 1000 Low Volatility		0.21		0.29		0.16		2,771		200,224		2,294		188		180		13,647		13,303		131		0.74		4,675
		Focus ETF
Advanced Beta — Fixed Income
DWFI		SPDR Dorsey Wright Fixed Income		0.04		0.18		0.05		69,476		1,731,167		60,860		7,735		5,187		192,756		131,231		453		0.55		35,221
		Allocation ETF
CBND		SPDR Bloomberg Barclays Issuer Scored		0.13		0.40		0.10		4,261		134,371		2,990		196		199		6,224		6,389		105		0.32		1,503
		Corporate Bond ETF
Fixed Income — US Government
BIL		SPDR Bloomberg Barclays 1–3 Month		0.01		0.01		0.01		1,460,008		133,536,237		750,461		30,100		57,130		2,753,194		5,224,166		1,226		0.02		178,092
		T-Bill ETF
ITE		SPDR Bloomberg Barclays Intermediate		0.06		0.10		0.05		121,569		7,124,616		109,089		1,267		1,221		74,302		72,193		563		0.14		3,773
		Term Treasury ETF
SPTL		SPDR Portfolio Long Term Treasury ETF		0.03		0.09		0.02		237,965		8,150,746		303,592		1,354		1,331		46,330		47,277		421		0.73		158,947

Source: NYSE, Nasdaq and BATS as of 02/28/2018. Past performance is not a guarantee of future results.
State Street Global Advisors

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SPDR® ETF Trading Report

Ticker		ETF Name		Spread ($)		Spread (%)		Spread ($) vs. 3 month trailing		Consolidated Avg. Daily Volume (shares)		Consolidated Average Daily Volume ($)		Consolidated Avg. Daily Volume (shares) vs. 3 month trailing		Avg. Quote Size (shares)		Avg. Quote Size (Shares) vs. 3 month trailing		Avg. Quote Size ($)		Avg. Quote Size ($) vs. 3 month trailing		Avg. Trade Size		Daily Volatility (%)		Short Interest as of 2/15/2018
Fixed Income — US Government (cont’d)
IPE		SPDR Bloomberg Barclays TIPS ETF		0.05		0.08		0.04		87,869		4,849,224		131,645		720		911		39,769		50,943		200		0.25		222,454
SPTS		SPDR Portfolio Short Term Treasury ETF		0.02		0.05		0.01		209,739		6,223,009		177,055		1,244		1,149		36,884		34,231		513		0.10		94,496
TIPX		SPDR Bloomberg Barclays 1–10 Year		0.03		0.17		0.03		38,896		742,345		125,791		579		676		11,029		13,008		402		0.36		47,312
		TIPS ETF
Fixed Income — US Investment Grade Corporates
SPSB		SPDR Portfolio Short Term Corporate		0.01		0.03		0.01		1,073,033		32,496,518		1,211,936		3,286		2,348		99,459		71,285		593		0.08		484,924
		Bond ETF
SPIB		SPDR Portfolio Intermediate Term		0.01		0.03		0.01		1,239,960		41,773,437		1,035,836		1,031		1,081		34,740		36,787		499		0.16		114,497
		Corporate Bond ETF
SPLB		SPDR Portfolio Long Term Corporate		0.02		0.06		0.02		437,082		11,877,742		334,485		501		724		13,701		20,345		500		0.49		11,716
		Bond ETF
FLRN		SPDR Bloomberg Barclays Investment		0.01		0.03		0.01		887,205		27,277,483		656,598		1,021		969		31,415		29,792		568		0.08		58,131
		Grade Floating Rate ETF
Fixed Income — High Yield
JNK		SPDR Bloomberg Barclays High Yield		0.01		0.03		0.01		24,772,203		893,372,786		16,111,087		10,122		10,549		365,417		385,859		552		0.61		51,707,711
		Bond ETF
SJNK		SPDR Bloomberg Barclays Short Term		0.01		0.04		0.01		3,902,542		106,967,581		2,477,286		4,801		4,931		131,401		135,855		529		0.47		1,151,466
		High Yield Bond ETF
CJNK		SPDR ICE BofAML Crossover Corporate Bond ETF		0.11		0.42		0.13		61,660		1,594,786		48,918		1,590		983		41,288		25,789		288		0.34		5,957
Fixed Income — US Mortgage
MBG		SPDR Bloomberg Barclays Mortgage Backed Bond ETF		0.07		0.26		0.05		56,068		1,430,760		59,194		2,905		1,759		73,986		45,213		348		0.28		32,940
Fixed Income — US Aggregate
SPAB		SPDR Portfolio Aggregate Bond ETF		0.01		0.04		0.01		706,372		19,811,393		998,253		1,423		1,793		40,002		51,068		395		0.20		42,155
Fixed Income — Hybrids
CWB		SPDR Bloomberg Barclays Convertible Securities ETF		0.01		0.03		0.01		1,378,195		70,677,018		1,137,229		437		398		22,543		20,608		226		1.26		628,873
PSK		SPDR Wells Fargo Preferred Stock ETF		0.05		0.12		0.04		78,164		3,314,618		133,628		545		853		23,157		37,488		216		0.36		36,976

Source: NYSE, Nasdaq and BATS as of 02/28/2018. Past performance is not a guarantee of future results.
State Street Global Advisors

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SPDR® ETF Trading Report

Ticker		ETF Name		Spread ($)		Spread (%)		Spread ($) vs. 3 month trailing		Consolidated Avg. Daily Volume (shares)		Consolidated Average Daily Volume ($)		Consolidated Avg. Daily Volume (shares) vs. 3 month trailing		Avg. Quote Size (shares)		Avg. Quote Size (Shares) vs. 3 month trailing		Avg. Quote Size ($)		Avg. Quote Size ($) vs. 3 month trailing		Avg. Trade Size		Daily Volatility (%)		Short Interest as of 2/15/2018
Fixed Income — Municipal
SHM		SPDR Nuveen Bloomberg Barclays Short		0.01		0.03		0.01		663,942		31,852,770		773,231		1,598		1,129		76,714		54,213		466		0.10		467,215
		Term Municipal Bond ETF
TFI		SPDR Nuveen Bloomberg Barclays Municipal Bond ETF		0.02		0.05		0.02		540,012		25,870,044		611,233		387		429		18,594		20,837		74		0.28		699,178
HYMB		SPDR Nuveen S&P High Yield Municipal Bond ETF		0.10		0.18		0.10		126,558		7,005,227		111,044		426		488		23,633		27,191		215		0.37		22,280
Fixed Income — International
WIP		SPDR Citi International Government Inflation-Protected Bond ETF		0.09		0.16		0.09		181,592		10,687,023		117,079		628		595		36,990		34,649		268		0.46		95,031
BWZ		SPDR Bloomberg Barclays Short Term International Treasury Bond ETF		0.13		0.40		0.10		113,958		3,755,402		85,481		453		377		14,966		12,329		348		0.39		37,281
BWX		SPDR Bloomberg Barclays International		0.01		0.04		0.01		951,561		27,693,437		706,876		447		363		13,007		10,478		437		0.47		491,301
		Treasury Bond ETF
IBND		SPDR Bloomberg Barclays International		0.09		0.25		0.08		287,099		10,352,182		163,286		1,016		574		36,605		20,582		353		0.48		145,808
		Corporate Bond ETF
EBND		SPDR Bloomberg Barclays Emerging		0.03		0.10		0.03		267,445		8,063,123		259,170		750		816		22,641		24,557		510		0.48		274,202
		Markets Local Bond ETF
Commodity
GLD®		SPDR Gold Trust®		0.01		0.01		0.01		9,282,469		1,172,430,964		8,451,529		1,686		1,780		212,976		221,030		232		0.75		14,381,363
NANR		SPDR S&P North American Natural		0.05		0.15		0.04		858,117		28,740,633		305,992		481		467		16,486		16,520		5,380		0.98		5,994
		Resources ETF
Active — Asset Allocation
RLY		SPDR SSGA Multi-Asset Real Return ETF		0.09		0.34		0.08		35,944		940,067		29,611		1,620		1,714		42,257		45,243		305		0.74		6,667
INKM		SPDR SSGA Income Allocation ETF		0.08		0.24		0.07		9,161		302,038		7,766		2,042		2,212		67,472		74,391		289		0.57		648
GAL		SPDR SSGA Global Allocation ETF		0.14		0.36		0.09		29,158		1,122,177		23,607		2,090		2,139		80,527		82,882		222		0.89		10,323

Source: NYSE, Nasdaq and BATS as of 02/28/2018. Past performance is not a guarantee of future results.
State Street Global Advisors

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SPDR® ETF Trading Report

Ticker		ETF Name		Spread ($)		Spread (%)		Spread ($) vs. 3 month trailing		Consolidated Avg. Daily Volume (shares)		Consolidated Average Daily Volume ($)		Consolidated Avg. Daily Volume (shares) vs. 3 month trailing		Avg. Quote Size (shares)		Avg. Quote Size (Shares) vs. 3 month trailing		Avg. Quote Size ($)		Avg. Quote Size ($) vs. 3 month trailing		Avg. Trade Size		Daily Volatility (%)		Short Interest as of 2/15/2018
Active — Equity
SYE		SPDR MFS Systematic Core Equity ETF		0.29		0.38		0.21		2,832		211,917		4,033		178		279		13,404		21,168		57		1.04		5,024
SYG		SPDR MFS Systematic Growth		0.28		0.35		0.21		28,210		2,215,799		15,238		203		291		16,408		23,505		419		1.13		1,130
		Equity ETF
SYV		SPDR MFS Systematic Value Equity ETF		0.27		0.41		0.20		5,867		386,050		4,163		307		441		20,268		29,606		117		1.07		4,269
Active — Fixed Income
TOTL		SPDR DoubleLine Total Return		0.02		0.04		0.02		548,121		26,237,723		477,667		619		643		29,646		31,103		388		0.24		30,990
		Tactical ETF
EMTL		SPDR DoubleLine Emerging Markets		0.14		0.28		0.12		5,775		286,532		7,798		666		1,307		33,051		65,851		175		0.29		6,021
		Fixed Income ETF
STOT		SPDR DoubleLine Short Duration Total		0.11		0.23		0.07		18,123		889,165		12,847		840		990		41,190		48,787		264		0.17		15,633
		Return Tactical ETF
SRLN		SPDR Blackstone / GSO Senior Loan ETF		0.01		0.03		0.01		887,040		42,082,578		558,247		1,375		953		65,257		45,217		739		0.13		147,987
ULST		SPDR SSGA Ultra Short Term Bond ETF		0.04		0.10		0.05		80,043		3,222,318		37,723		729		618		29,392		24,904		1,230		0.07		180

Source: NYSE, Nasdaq and BATS as of 02/28/2018. Past performance is not a guarantee of future results.
Prior to 10/16/2017, the SPDR Portfolio Total Stock Market ETF (SPTM) was known as the SPDR Russell 3000® ETF (THRK), the SPDR Portfolio Large Cap ETF (SPLG) was known as the SPDR Russell 1000® ETF (ONEK), the SPDR Portfolio Mid Cap ETF (SPMD) was known as the SPDR S&P 1000® ETF (SMD), the SPDR Portfolio Small Cap ETF (SPSM) was known as the SPDR Russell 2000® ETF (TWOK), the SPDR Portfolio S&P 500 Growth ETF (SPYG) was known as the SPDR S&P 500 Growth ETF (SPYG), the SPDR Portfolio S&P 500 Value ETF (SPYV) was known as the SPDR S&P 500 Value ETF (SPYV), the SPDR Portfolio S&P 500 High Dividend ETF (SPYD) was known as the SPDR S&P 500 High Dividend ETF (SPYD), the SPDR Portfolio Developed World ex-US ETF (SPDW) was known as the SPDR S&P World ex-US ETF (GWL), the SPDR Portfolio Emerging Markets ETF (SPEM) was known as the SPDR S&P Emerging Markets ETF (GMM), the SPDR Portfolio Aggregate Bond ETF (SPAB) was known as the SPDR Bloomberg Barclays Aggregate Bond ETF (BNDS), the SPDR Portfolio Short Term Corporate Bond ETF (SPSB) was known as the SPDR Bloomberg Barclays Short Term Corporate Bond ETF (SCPB), the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) was known as the SPDR Bloomberg Barclays Intermediate Term Corporate Bond ETF (ITR), the SPDR Portfolio Long Term Corporate Bond ETF (SPLB) was known as the SPDR Bloomberg Barclays Long Term Corporate Bond ETF (LWC), the SPDR Portfolio Short Term Treasury ETF (SPTS) was known as the SPDR Bloomberg Barclays Short Term Treasury ETF (SST), and the SPDR Portfolio Long Term Treasury ETF (SPTL) was known as the SPDR Bloomberg Barclays Long Term Treasury ETF (TLO).
State Street Global Advisors

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SPDR® ETF Trading Report
ssga.com | spdrs.com
Not for public use.
State Street Global Advisors One Iron Street, Boston MA 02210. T: +1 866 787 2257.
Important Risk Information
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs’ net asset value. Brokerage commissions and ETF expenses will reduce returns.
While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.
Commodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.
Frequent trading of ETFs could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.
Diversification does not ensure a profit or guarantee against loss.
Investing in commodities entails significant risk and is not appropriate for all investors.
Important Information Relating to SPDR Gold Trust (“GLD®”):
The SPDR Gold Trust (“GLD”) has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents GLD has filed with the SEC for more complete information about GLD and this offering.
Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares.
When distributed electronically, the GLD prospectus is available by clicking here. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting spdrgoldshares.com. Alternatively, the Trust or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053.
GLD is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of the Trust do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.
GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLD shares relates directly to the value of the gold held by GLD (less its expenses), and fluctuations in the price of gold could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share will decline over time to that extent.
Standard & Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been 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 Iron Street, Boston MA 02210; T: +1 866 320 4053 spdrgoldshares.com.
The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.
State Street Global Advisors and SSGA are registered trademarks of State Street Corporation.
There is no relationship between Dorsey Wright & Associates, LLC (collectively with its parent companies and affiliates, “Dorsey Wright”) and State Street Global Advisors (“SSGA”) other than a license by Dorsey Wright to
SSGA of certain Dorsey Wright trademarks and trade names, and the Dorsey Wright Fixed Income Rotation Index (“Index”), for use by SSGA.
BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been 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, and 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		ID12457-2070577.1.1.NA.RTL 0318 Exp. Date: 04/30/2019 SPD001618

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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 Advisors Funds Distributors, LLC, One Lincoln Street, Attn: SPDR® Gold Shares, 30th Floor, Boston, MA 02111.