Edgar Filing: SPDR GOLD TRUST

SPDR ETF Trading Report

Filed Pursuant To Rule 433

Registration No. 333-217785

July 27, 2017

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SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 6/15/2017 US Core SPY SPDR S&P 500® ETF 0.01 0.00 0.01 71,488,767 17,385,560,932 73,288,069 14,516 14,919 3,530,146 3,569,669 259 0.30 170,817,851 MDY SPDR S&P MidCap 400® ETF 0.08 0.02 0.07 1,369,513 436,229,541 1,306,513 1,740 1,499 554,242 471,480 124 0.50 2,824,354 SLY SPDR S&P 600 Small Cap ETF 0.37 0.30 0.43 26,566 3,270,449 41,935 1,677 2,282 206,455 275,004 143 0.60 35,565 DIA SPDR Dow Jones Industrial Average ETF Trust 0.02 0.01 0.02 2,623,959 559,151,758 2,704,626 1,540 1,789 328,159 374,760 137 0.30 7,438,060 THRK SPDR Russell 3000 ETF 0.77 0.42 0.69 4,809 872,471 5,659 2,246 2,662 407,514 474,741 76 0.40 1,533 TWOK SPDR Russell 2000® ETF 0.22 0.27 0.25 24,074 2,007,706 17,176 7,051 6,619 588,053 544,016 257 0.70 17,564 ONEK SPDR Russell 1000 ETF 0.47 0.41 0.35 10,540 1,203,075 6,501 3,210 3,050 366,389 344,803 195 0.40 29,002 SMD SPDR S&P 1000 ETF 0.74 0.80 0.70 7,796 718,006 4,577 1,920 1,911 177,715 175,468 181 0.70 1,523 SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.19 0.32 0.25 9,164 542,030 7,376 1,724 2,311 101,975 134,500 151 0.40 9,321 SHE SPDR SSGA Gender Diversity Index ETF 0.06 0.09 0.05 3,114 209,608 8,027 7,498 7,885 504,690 521,672 135 0.40 11,619 US Style SPYG SPDR S&P 500 Growth ETF 0.24 0.20 0.23 30,938 3,703,421 32,591 3,213 2,787 384,596 326,107 104 0.40 53,574 SPYV SPDR S&P 500 Value ETF 0.27 0.24 0.23 34,598 3,931,717 22,879 2,962 3,228 336,602 364,473 327 0.40 11,128 MDYG SPDR S&P 400 Mid Cap Growth ETF 0.40 0.27 0.37 16,336 2,356,833 16,856 2,661 3,196 383,902 453,448 93 0.50 18,379 MDYV SPDR S&P 400 Mid Cap Value ETF 0.29 0.30 0.28 12,982 1,249,459 18,669 5,443 6,873 523,889 657,540 71 0.60 11,786 SLYG SPDR S&P 600 Small Cap Growth ETF 0.61 0.28 0.60 19,820 4,290,663 28,640 2,493 2,644 539,710 561,691 87 0.70 17,990 SLYV SPDR S&P 600 Small Cap Value ETF 0.32 0.27 0.29 35,561 4,224,517 47,992 2,163 1,865 256,964 219,399 75 0.70 42,884 US Sector XLY Consumer Discretionary Select Sector SPDR Fund 0.01 0.01 0.01 4,804,755 434,610,014 4,394,975 7,286 8,425 659,019 754,627 157 0.50 12,358,933 XLP Consumer Staples Select Sector SPDR Fund 0.01 0.02 0.01 12,891,347 725,975,880 9,366,438 66,613 67,282 3,750,978 3,748,280 380 0.50 42,828,141 Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. INVESTMENT PROFESSIONAL USE ONLY June 2017

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Short Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. 3 Quote vs. 3 mo. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) mo. trailing Size ($) trailing Size (%) of 6/15/2017 US Sector (cont’d) XLE Energy Select Sector SPDR Fund 0.01 0.02 0.01 18,767,850 1,226,610,083 16,375,405 16,861 15,671 1,102,035 1,051,681 208 0.80 40,014,612 XLF Financial Select Sector SPDR Fund 0.01 0.04 0.01 76,994,074 1,858,400,031 75,508,599 865,515 878,757 20,893,532 20,844,116 1,368 0.70 68,794,878 XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 8,082,608 634,996,096 6,859,989 15,936 16,296 1,251,932 1,243,711 244 0.50 23,039,688 XLI Industrial Select Sector SPDR Fund 0.01 0.01 0.01 10,352,159 705,131,051 9,482,656 26,281 26,476 1,789,999 1,766,479 257 0.50 38,669,465 XLB Materials Select Sector SPDR Fund 0.01 0.02 0.01 4,321,789 233,514,073 4,214,803 20,994 23,894 1,134,306 1,269,488 241 0.60 16,308,491 XLK Technology Select Sector SPDR Fund 0.01 0.02 0.01 14,509,554 810,531,998 11,121,383 56,532 68,868 3,157,878 3,798,759 371 0.70 33,918,184 XLU Utilities Select Sector SPDR Fund 0.01 0.02 0.01 11,806,582 632,121,780 11,289,258 27,016 27,363 1,446,437 1,435,463 281 0.50 59,101,578 XLRE Real Estate Select Sector SPDR Fund 0.01 0.03 0.01 2,567,863 83,132,904 2,074,488 39,805 39,297 1,288,488 1,260,648 433 0.40 5,161,824 US Industry KBE SPDR S&P Bank ETF 0.01 0.03 0.01 2,595,087 111,490,922 2,439,049 4,199 4,902 180,389 208,580 166 0.90 6,615,146 KCE SPDR S&P Capital Markets ETF 0.12 0.25 0.13 5,682 275,218 4,807 3,577 5,593 173,270 264,046 122 0.70 4,707 KIE SPDR S&P Insurance ETF 0.05 0.06 0.04 98,228 8,609,568 153,157 1,031 1,404 90,367 120,898 103 0.50 282,281 KRE SPDR S&P Regional Banking ETF 0.01 0.02 0.01 7,902,695 428,085,614 7,556,222 3,861 4,269 209,150 229,331 169 0.90 25,193,484 XBI SPDR S&P Biotech ETF 0.04 0.06 0.03 4,963,694 372,712,095 4,212,409 1,431 1,341 107,454 95,868 148 1.40 32,200,554 MTK SPDR Morgan Stanley Technology ETF 0.13 0.18 0.18 20,380 1,507,744 23,359 1,882 1,719 139,230 123,510 99 0.90 14,615 XHB SPDR S&P Homebuilders ETF 0.01 0.03 0.01 1,405,307 53,930,987 1,236,569 10,913 11,619 418,841 439,431 193 0.70 8,584,528 Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. State Street Global Advisors 2

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Short Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. 3 Quote vs. 3 mo. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) mo. trailing Size ($) trailing Size (%) of 6/15/2017 US Industry (cont’d) XME SPDR S&P Metals & Mining ETF 0.01 0.04 0.01 2,962,108 86,667,276 3,359,396 5,743 5,916 168,040 174,581 174 1.20 7,813,441 XES SPDR S&P Oil & Gas Equipment & Services ETF 0.02 0.15 0.02 728,888 11,369,761 665,116 7,116 6,778 111,010 116,582 210 1.90 450,173 XITK SPDR FactSet Innovative Technology ETF 0.11 0.16 0.15 2,098 146,867 4,165 493 418 34,510 28,035 182 0.70 2,356 XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.01 0.03 0.01 22,388,024 711,637,889 19,184,843 13,491 12,692 428,879 431,655 250 1.70 66,892,932 XPH SPDR S&P Pharmaceuticals ETF 0.04 0.10 0.04 90,593 3,854,896 86,140 2,147 2,302 91,355 97,167 166 0.80 1,003,258 XRT SPDR S&P Retail ETF 0.01 0.03 0.01 4,232,432 171,282,218 4,467,976 5,723 6,180 231,610 257,088 176 0.90 21,071,679 XSD SPDR S&P Semiconductor ETF 0.05 0.08 0.04 119,496 7,620,027 110,620 1,522 1,682 97,058 103,628 143 1.20 398,520 XHE SPDR S&P Health Care Equipment ETF 0.22 0.36 0.20 16,477 987,656 20,912 2,534 2,817 151,888 163,020 125 0.80 35,493 XTL SPDR S&P Telecom ETF 0.30 0.42 0.24 6,214 453,302 11,773 2,062 3,803 150,423 269,785 70 0.90 5,663 XAR SPDR S&P Aerospace & Defense ETF 0.07 0.10 0.06 84,266 5,926,758 91,281 1,827 2,046 128,493 140,540 142 0.60 2,281,080 XHS SPDR S&P Health Care Services ETF 0.14 0.23 0.10 9,290 587,017 11,194 1,386 1,112 87,581 67,176 146 0.70 18,841 XSW SPDR S&P Software & Services ETF 0.15 0.24 0.13 3,096 193,970 4,712 1,719 2,077 107,713 125,783 143 0.80 3,956 XTH SPDR S&P Technology Hardware ETF 0.30 0.41 0.46 305 20,142 287 4,255 4,728 314,402 341,882 28 1.20 10,270 XTN SPDR S&P Transportation ETF 0.07 0.12 0.06 17,157 929,554 23,541 2,446 2,609 132,524 138,355 126 0.60 21,799 XWEB SPDR S&P Internet ETF 0.25 0.37 0.24 156 7,332 126 4,089 4,028 273,472 260,088 22 1.30 384 Real Estate Equities RWR SPDR Dow Jones REIT ETF 0.05 0.05 0.05 195,047 18,250,758 191,780 1,510 1,762 141,291 163,919 106 0.40 85,753 RWO SPDR Dow Jones Global Real Estate ETF 0.06 0.13 0.04 160,114 7,745,821 306,760 1,431 2,280 69,232 108,619 163 0.40 147,244 RWX SPDR Dow Jones International Real Estate ETF 0.01 0.03 0.01 519,723 20,286,485 542,272 7,303 8,242 285,036 316,905 307 0.50 2,115,734 Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. State Street Global Advisors 3

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Short Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. 3 Quote vs. 3 mo. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) mo. trailing Size ($) trailing Size (%) of 6/15/2017 Global Equities DGT SPDR Global Dow ETF 0.25 0.32 0.39 1,059 79,068 1,883 328 445 25,246 33,344 72 0.40 645 GII SPDR S&P Global Infrastructure ETF 0.23 0.44 0.29 18,002 924,308 23,079 1,253 1,190 64,329 59,286 304 0.40 16,511 GNR SPDR S&P Global Natural Resources ETF 0.08 0.19 0.07 156,547 6,493,501 120,077 1,341 1,233 55,625 51,613 227 0.50 51,260 CWI SPDR MSCI ACWI ex-US ETF 0.01 0.04 0.01 446,263 16,051,709 279,773 9,000 8,565 323,730 304,657 312 0.40 346,029 ACIM SPDR MSCI ACWI IMI ETF 0.20 0.28 0.25 3,189 229,242 4,682 319 395 22,933 27,867 73 0.40 1,323 EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.44 0.64 0.68 1,140 71,276 742 268 560 18,639 38,534 35 0.70 1,894 GWL SPDR S&P World ex-US ETF 0.03 0.09 0.03 144,814 4,249,690 251,173 12,737 8,781 373,831 249,380 360 0.40 127,881 GWX SPDR S&P International Small Cap ETF 0.06 0.19 0.05 61,793 2,053,839 98,811 1,142 888 37,960 28,674 184 0.50 31,179 LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.12 0.15 0.13 991 79,503 813 949 967 78,758 79,284 91 0.50 1,937 International Developed Equities—Region/Country FEZ SPDR EURO STOXX 50 ETF 0.01 0.03 0.01 3,303,549 129,431,378 4,307,636 67,704 80,825 2,652,643 3,098,831 412 0.60 10,835,448 FEU SPDR STOXX Europe 50 ETF 0.05 0.13 0.04 47,337 1,630,721 87,700 1,227 1,656 42,270 55,989 224 0.50 28,044 SMEZ SPDR EURO STOXX Small Cap ETF 0.12 0.21 0.11 2,168 124,424 2,103 828 1,011 47,519 56,111 127 0.60 1,947 HFEZ SPDR EURO STOXX 50 Currency Hedged ETF § 0.13 0.34 0.15 3,244 129,051 4,723 6,213 6,460 248,023 255,105 382 0.60 2,475 HDWX SPDR S&P International Dividend Currency Hedged ETF § 0.88 1.94 0.84 1,147 51,524 886 327 356 14,777 16,109 92 1.10 1,826 Emerging Market Equities GMM SPDR S&P Emerging Markets ETF 0.22 0.33 0.18 20,589 1,372,615 39,740 587 656 39,135 42,706 92 0.60 6,834 GML SPDR S&P Emerging Latin America ETF § 0.28 0.58 0.47 7,235 351,576 5,507 551 694 26,905 34,839 88 0.70 2,058 Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. State Street Global Advisors 4

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Short Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. 3 Quote vs. 3 mo. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) mo. trailing Size ($) trailing Size (%) of 6/15/2017 Emerging Market Equities (cont’d) GAF SPDR S&P Emerging Middle East & Africa ETF § 1.19 1.94 0.90 652 33,115 751 312 293 19,026 17,770 98 1.40 1,517 GUR SPDR S&P Emerging Europe ETF § 0.20 0.69 0.19 17,791 519,877 13,533 1,399 1,089 40,879 32,017 96 0.80 9,861 GMF SPDR S&P Emerging Asia Pacific ETF 0.20 0.22 0.17 23,006 2,095,793 21,886 641 648 58,395 57,743 130 0.60 101,589 SPDR MSCI Emerging Markets Fossil Fuel Reserves Free EEMX ETF 0.59 0.95 1.21 799 45,688 1,779 469 483 29,120 29,680 40 0.90 5,844 EWX SPDR S&P Emerging Markets Small Cap ETF 0.08 0.17 0.07 53,572 2,492,214 100,247 781 1,362 36,332 62,706 150 0.40 72,044 GXC SPDR S&P China ETF 0.11 0.12 0.10 67,335 6,012,339 70,318 610 580 54,467 49,607 103 0.70 162,810 RBL SPDR S&P Russia ETF § 0.10 0.53 0.09 10,776 195,798 9,404 1,037 1,058 18,842 20,155 220 0.90 5,479 XINA SPDR MSCI China A Shares IMI ETF 0.35 1.62 0.26 94 1,877 150 234 244 4,973 5,261 0 1.80 13 International Sector Equities SPDR S&P International Consumer Discretionary Sector IPD ETF § 0.40 0.98 0.29 3,079 124,655 3,597 691 842 27,972 33,377 107 0.60 11,025 IPS SPDR S&P International Consumer Staples Sector ETF § 0.24 0.52 0.22 6,697 313,982 3,795 517 551 24,309 25,445 129 0.50 45,493 IPW SPDR S&P International Energy Sector ETF § 0.08 0.45 0.09 12,408 218,586 12,888 884 833 15,576 15,094 115 0.80 11,034 IPF SPDR S&P International Financial Sector ETF § 0.34 1.60 0.38 1,618 34,322 2,824 1,423 1,198 30,324 25,434 91 1.20 3,733 IRY SPDR S&P International Health Care Sector ETF § 0.15 0.30 0.14 137,134 7,040,279 51,021 701 721 35,989 36,858 144 0.60 16,630 IPN SPDR S&P International Industrial Sector ETF § 0.21 0.62 0.15 4,175 145,853 5,572 621 1,005 21,698 34,170 256 0.50 9,910 IRV SPDR S&P International Materials Sector ETF § 0.13 0.61 0.12 5,318 118,179 3,155 1,867 1,729 41,503 38,107 72 0.60 1,382 IPK SPDR S&P International Technology Sector ETF § 0.21 0.50 0.21 31,726 1,353,252 28,242 1,477 1,552 62,994 64,625 159 0.70 34,013 IST SPDR S&P International Telecommunications Sector ETF § 0.12 0.49 0.13 39,461 1,017,371 24,596 617 987 15,906 25,119 187 0.40 5,240 IPU SPDR S&P International Utilities Sector ETF § 0.09 0.53 0.07 6,660 115,683 5,271 1,003 1,029 17,422 17,297 185 0.50 12,106 Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. State Street Global Advisors 5

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Short Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. 3 Quote vs. 3 mo. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) mo. trailing Size ($) trailing Size (%) of 6/15/2017 Advanced Beta—Income EDIV SPDR S&P Emerging Markets Dividend ETF 0.06 0.20 0.06 53,584 1,600,357 55,712 497 591 14,845 17,511 151 0.60 94,295 DWX SPDR S&P International Dividend ETF 0.05 0.13 0.04 143,557 5,687,634 169,482 1,421 1,573 56,300 61,394 232 0.40 78,476 SDY SPDR S&P Dividend ETF 0.02 0.03 0.02 463,224 41,526,433 572,469 2,232 3,055 200,099 270,184 145 0.40 653,674 WDIV SPDR S&P Global Dividend ETF 0.08 0.12 0.08 15,021 1,004,977 16,514 543 531 36,327 34,881 114 0.40 8,832 SPYD SPDR S&P 500 High Dividend ETF 0.06 0.17 0.06 41,149 1,459,182 41,025 6,895 6,779 244,497 238,621 205 0.40 18,130 Advanced Beta—Multi Factor QAUS SPDR MSCI Australia StrategicFactors ETF § 0.05 0.10 0.04 1,215 59,257 3,183 853 867 43,904 45,015 133 0.70 20 QCAN SPDR MSCI Canada StrategicFactors ETF 0.05 0.10 0.06 893 45,157 1,233 805 941 44,299 51,256 148 0.60 646 QDEU SPDR MSCI Germany StrategicFactors ETF 0.06 0.09 0.06 1,291 75,294 3,455 980 993 59,153 58,150 99 0.60 5,152 QJPN SPDR MSCI Japan StrategicFactors ETF 0.27 0.37 0.26 1,657 116,880 1,080 529 549 38,411 38,551 40 0.50 1,885 QESP SPDR MSCI Spain StrategicFactors ETF § 0.04 0.08 0.04 9,317 463,892 7,399 989 1,044 49,242 51,730 152 0.50 211 QGBR SPDR MSCI United Kingdom StrategicFactors ETF 0.16 0.32 0.17 1,556 79,589 4,075 907 940 47,091 48,485 99 0.60 3,354 QEFA SPDR MSCI EAFE StrategicFactors ETF 0.38 0.61 0.36 13,125 810,404 12,465 641 1,265 39,575 76,457 89 0.50 27,389 QWLD SPDR MSCI World StrategicFactors ETF 0.67 0.95 0.63 478 30,190 301 685 687 48,060 47,698 11 0.70 474 QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.37 0.63 0.46 4,334 252,389 6,011 593 1,211 34,536 69,075 103 0.60 54,209 QUS SPDR MSCI USA StrategicFactors ETF 0.16 0.23 0.09 6,787 475,099 3,360 433 349 30,414 24,364 97 0.30 4,777 Advanced Beta—Single Factor SPYB SPDR S&P 500 Buyback ETF 0.13 0.23 0.19 341 17,887 889 4,791 6,090 266,715 333,915 26 0.50 13,178 Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. State Street Global Advisors 6

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Short Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. 3 Quote vs. 3 mo. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) mo. trailing Size ($) trailing Size (%) of 6/15/2017 Advanced Beta—Single Factor (cont’d) VLU SPDR S&P 1500 Value Tilt ETF 0.60 0.65 0.51 918 35,564 504 639 776 58,820 70,833 20 0.90 988 MMTM SPDR S&P 1500 Momentum Tilt ETF 0.58 0.57 0.61 3,518 359,970 1,583 1,084 1,131 111,077 115,079 136 0.40 5,276 LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.48 0.56 0.47 2,018 175,976 5,484 769 768 67,064 65,426 60 0.40 5,846 SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.37 0.40 0.32 6,695 616,733 8,270 2,788 2,400 256,858 219,072 119 0.50 14,315 ONEY SPDR Russell 1000 Yield Focus ETF 0.35 0.50 0.38 1,593 109,589 1,279 3,543 4,451 245,601 308,276 128 0.70 57 ONEO SPDR Russell 1000 Momentum Focus ETF 0.43 0.62 0.33 2,365 164,769 3,660 1,219 2,031 84,928 139,652 22 0.50 14,621 ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.35 0.50 0.36 1,545 108,188 1,669 2,410 4,417 170,267 307,556 256 0.40 43,593 Advanced Beta—Fixed Income SPDR Bloomberg Barclays Issuer Scored Corporate Bond CBND ETF 0.13 0.41 0.20 8,358 270,141 7,432 902 537 29,180 17,334 154 0.20 858 Fixed Income—US Government BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF 0.01 0.02 0.01 542,932 24,823,983 707,484 1,901,247 1,862,787 86,925,013 85,166,622 414 0.00 487,216 ITE SPDR Bloomberg Barclays Intermediate Term Treasury ETF 0.05 0.08 0.06 41,273 2,484,391 32,207 4,231 4,081 254,664 245,350 258 0.10 16,572 TLO SPDR Bloomberg Barclays Long Term Treasury ETF 0.10 0.13 0.10 59,328 4,301,333 66,588 1,480 1,446 107,300 102,753 129 0.50 101,032 IPE SPDR Bloomberg Barclays TIPS ETF 0.06 0.10 0.08 56,416 3,188,108 47,630 2,392 3,557 135,172 201,326 194 0.20 7,873 SST SPDR Bloomberg Barclays Short Term Treasury ETF 0.05 0.16 0.05 12,019 362,793 34,701 7,452 5,200 224,976 156,832 160 0.10 5,835 SIPE SPDR Bloomberg Barclays 0-5 Year TIPS ETF § 0.19 0.96 0.22 1,765 34,221 1,406 1,419 1,039 27,898 20,468 9 0.40 2,014 TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF 0.08 0.43 0.10 31,411 611,856 16,051 1,290 1,218 25,129 23,775 237 0.20 72,914 Fixed Income—US Investment Grade Corporates SCPB SPDR Bloomberg Barclays Short Term Corporate Bond ETF 0.01 0.03 0.01 300,592 9,205,990 296,207 22,161 25,098 678,791 768,250 272 0.00 74,640 Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. State Street Global Advisors 7

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Short Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. 3 Quote vs. 3 mo. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) mo. trailing Size ($) trailing Size (%) of 6/15/2017 Fixed Income—US Investment Grade Corporates (cont’d) SPDR Bloomberg Barclays Intermediate Term Corporate ITR Bond ETF 0.02 0.05 0.02 521,913 17,991,753 452,819 7,859 9,485 270,900 325,715 207 0.10 70,392 LWC SPDR Bloomberg Barclays Long Term Corporate Bond ETF 0.12 0.29 0.13 28,022 1,169,433 26,421 2,985 1,724 124,564 70,839 275 0.30 12,763 SPDR Bloomberg Barclays Investment Grade Floating Rate FLRN ETF 0.01 0.04 0.02 179,122 5,499,784 220,940 13,059 14,814 400,911 454,938 255 0.00 64,757 Fixed Income—High Yield JNK SPDR Bloomberg Barclays High Yield Bond ETF 0.01 0.03 0.01 9,712,256 360,514,886 8,692,293 95,707 97,656 3,552,644 3,616,202 509 0.20 36,684,371 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 0.01 0.04 0.01 1,701,014 47,554,231 1,662,990 53,244 47,988 1,488,702 1,342,224 444 0.20 2,100,347 CJNK SPDR BofA Merrill Lynch Crossover Corporate Bond ETF 0.23 0.85 0.24 3,771 100,526 4,273 428 732 11,410 19,376 136 0.40 6,473 Fixed Income—US Mortgage MBG SPDR Bloomberg Barclays Mortgage Backed Bond ETF 0.07 0.27 0.07 30,764 811,969 35,733 1,397 1,785 36,867 47,053 138 0.20 10,802 Fixed Income—US Aggregate BNDS SPDR Bloomberg Barclays Aggregate Bond ETF 0.07 0.13 0.07 48,546 2,806,368 63,531 3,143 4,980 181,697 286,051 287 0.10 58,398 Fixed Income—Hybrids CWB SPDR Bloomberg Barclays Convertible Securities ETF 0.02 0.03 0.01 866,229 43,074,196 683,202 1,546 1,410 76,883 69,048 145 0.40 1,027,367 PSK SPDR Wells Fargo Preferred Stock ETF 0.06 0.14 0.06 56,012 2,524,382 46,254 11,175 7,828 503,657 351,321 180 0.20 63,517 Fixed Income—Municipal SPDR Nuveen Bloomberg Barclays Short Term Municipal SHM Bond ETF 0.01 0.02 0.01 263,352 12,825,407 303,891 9,566 11,735 465,864 570,321 355 0.00 179,251 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 0.02 0.04 0.02 266,369 13,048,670 300,933 4,576 4,069 224,178 197,469 177 0.10 231,042 HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.15 0.26 0.11 75,441 4,319,350 79,960 701 637 40,132 36,296 166 0.20 9,944 Fixed Income—International Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. State Street Global Advisors 8

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Short Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. 3 Quote vs. 3 mo. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) mo. trailing Size ($) trailing Size (%) of 6/15/2017 Fixed Income—International (cont’d) SPDR Citi International Government Inflation-Protected WIP Bond ETF 0.19 0.34 0.25 66,613 3,708,298 59,856 944 696 52,552 38,607 169 0.30 2,957 SPDR Bloomberg Barclays Short Term International BWZ Treasury Bond ETF 0.18 0.59 0.12 19,845 617,524 23,133 1,130 1,007 35,166 30,945 142 0.30 27,960 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 0.03 0.12 0.03 484,547 13,408,048 556,322 1,199 3,323 33,176 90,087 161 0.30 884,047 SPDR Bloomberg Barclays International Corporate Bond IBND ETF 0.12 0.35 0.11 38,564 1,270,254 53,229 913 866 30,074 27,738 156 0.30 4,006 SPDR Bloomberg Barclays Emerging Markets Local Bond EBND ETF 0.14 0.47 0.11 22,750 660,652 22,826 1,241 1,181 36,039 33,800 446 0.30 5,893 Commodity GLD® SPDR Gold Trust 0.01 0.01 0.01 7,310,564 878,125,841 7,890,322 13,063 12,875 1,569,128 1,544,743 214 0.40 10,472,521 NANR SPDR S&P North American Natural Resources ETF 0.05 0.17 0.05 60,763 1,896,989 57,976 3,271 2,900 102,121 92,626 206 0.70 66,112 Active—Asset Allocation RLY SPDR SSgA Multi-Asset Real Return ETF 0.11 0.47 0.11 16,686 403,006 17,076 8,125 7,910 196,219 192,609 140 0.30 24,816 INKM SPDR SSgA Income Allocation ETF 0.10 0.30 0.11 5,387 176,204 6,056 9,817 10,872 321,114 349,535 135 0.40 62 GAL SPDR SSgA Global Allocation ETF 0.09 0.25 0.08 14,110 506,137 19,069 9,196 8,685 329,861 305,973 177 0.30 22,304 Active—Equity SYE SPDR MFS Systematic Core Equity ETF 0.17 0.24 0.18 563 37,554 440 996 841 68,395 56,700 49 0.40 274 SYG SPDR MFS Systematic Growth Equity ETF 0.21 0.30 0.24 17,880 1,282,248 17,281 1,271 807 91,207 56,958 96 0.60 5,524 SYV SPDR MFS Systematic Value Equity ETF 0.16 0.27 0.17 103 4,166 341 1,587 902 93,950 52,587 3 0.40 310 Active—Fixed Income TOTL SPDR DoubleLine Total Return Tactical ETF 0.03 0.06 0.03 264,388 13,048,794 316,393 3,818 3,608 188,418 177,441 248 0.10 120,834 EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF 0.12 0.24 0.17 1,545 78,232 3,931 12,951 12,545 655,227 631,575 800 0.13 1,317 Source: NYSE, Nasdaq, BATS as of 6/30/2017. Past performance is not a guarantee of future results. State Street Global Advisors 9

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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. State Street Global Advisors Funds Distributors, LLC is the distributor for some registered products on behalf of the advisor. SSGA Funds Management has retained Nuveen Asset Management, LLC as the sub-advisor. 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.

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.