GLD SPDR Gold Trust

Filed Pursuant To Rule 433

Registration No. 333-238478

June 5, 2020

ETF Data May 2020
SPDR ETFs — Listed Capital Markets Group
Options Data
Ticker Name 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put)
SPY SPDR S&P 500 ETF Trust 95,589,216 4,860,218 1,925,418 2,934,800 8,686,742 16,017,220 XLF Financial Select Sector SPDR Fund 69,542,288 301,369 106,868 194,501 2,519,131 3,665,615 XLE Energy Select Sector SPDR Fund 29,049,636 71,853 38,602 33,251 957,357 775,753 XLU Utilities Select Sector SPDR Fund 18,048,836 36,081 19,848 16,233 350,544 276,275 XLI Industrial Select Sector SPDR Fund 12,455,519 20,024 10,322 9,703 137,954 163,072 XLP Consumer Staples Select Sector SPDR Fund 12,412,655 11,990 5,277 6,714 119,507 146,459 XLV Health Care Select Sector SPDR Fund 12,208,801 19,595 7,348 12,248 124,272 227,747 XLK Technology Select Sector SPDR Fund 11,882,704 30,294 9,663 20,632 164,885 438,399 GLD® SPDR Gold Shares 11,768,734 203,914 140,333 63,581 2,494,785 1,211,710 KRE SPDR S&P Regional Banking ETF 11,658,797 46,765 15,573 31,192 155,882 522,007 XOP SPDR S&P Oil & Gas Exploration & Production ETF 8,929,800 30,331 14,885 15,447 1,041,470 1,325,414 JNK SPDR Bloomberg Barclays High Yield Bond ETF 8,004,229 1,358 489 870 16,268 62,541 XBI SPDR S&P Biotech ETF 7,240,811 40,683 12,750 27,934 156,715 480,034 XLRE Real Estate Select Sector SPDR Fund 6,135,758 1,132 209 924 3,007 10,779 XRT SPDR S&P Retail ETF 5,438,881 17,380 4,293 13,087 64,881 240,309 XLY Consumer Discretionary Select Sector SPDR Fund 5,019,589 10,564 4,005 6,559 57,930 102,479 XLB Materials Select Sector SPDR Fund 4,829,183 3,651 1,769 1,882 70,484 99,360 DIA SPDR Dow Jones Industrial Average ETF Trust 4,485,785 50,302 20,034 30,269 203,090 293,628 XLC Communication Services Select Sector SPDR Fund 4,363,506 2,842 1,432 1,410 21,184 26,203 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 4,353,365 5 1 4 24 3,209 FEZ SPDR EURO STOXX 50 ETF 3,877,283 2,964 967 1,998 33,571 68,899 KBE SPDR S&P Bank ETF 3,643,202 2,353 1,500 853 38,114 57,187
Source: Bloomberg as of 05/31/2020.
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Ticker Name 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put)
SPDW SPDR Portfolio Developed World ex-US ETF 3,454,126 — — — 46 —BIL SPDR Bloomberg Barclays 1–3 Month T-Bill ETF 3,443,443 7 5 2 2,048 13,580 SPLG SPDR Portfolio S&P 500 ETF 3,129,864 16 8 8 183 135 XME SPDR S&P Metals & Mining ETF 2,857,481 5,311 4,518 794 145,191 59,798 SPYG SPDR Portfolio S&P 500 Growth ETF 2,688,789 323 229 95 3,428 2,525 SPYV SPDR Portfolio S&P 500 Value ETF 2,618,586 168 121 47 1,941 855 XHB SPDR S&P Homebuilders ETF 2,480,016 5,503 1,808 3,696 37,885 75,086 SPEM SPDR Portfolio Emerging Markets ETF 1,740,701 2 1 2 180 22 MDY SPDR S&P MidCap 400 ETF Trust 1,527,801 1,025 505 521 15,087 13,044 CWB SPDR Bloomberg Barclays Convertible Securities ETF 1,136,782 51 24 28 618 879 SDY SPDR S&P Dividend ETF 814,984 228 116 112 2,329 2,168 SPSM SPDR Portfolio S&P 600 Small Cap ETF 708,069 46 25 21 601 372 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 699,770 8 7 1 4,120 4,243 RWX SPDR Dow Jones International Real Estate ETF 651,689 1 1 1 13 13 SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 643,982 226 220 7 21,076 336 HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF 503,724 7 1 6 268 448 KIE SPDR S&P Insurance ETF 479,279 20 11 9 467 597 RWO SPDR Dow Jones Global Real Estate ETF 314,822 14 1 14 3 314 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 271,021 1 1 1 2 132 GNR SPDR S&P Global Natural Resources ETF 266,720 5 2 3 104 119 RWR SPDR Dow Jones REIT ETF 263,229 20 5 16 146 154 XES SPDR S&P Oil & Gas Equipment & Services ETF 260,625 71 33 38 3,465 645 EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 224,474 5 — 5 14 216 XAR SPDR S&P Aerospace & Defense ETF 199,620 38 33 5 555 145 GWX SPDR S&P International Small Cap ETF 139,698 18 16 2 308 37 XPH SPDR S&P Pharmaceuticals ETF 110,688 18 14 4 989 90 EWX SPDR S&P Emerging Markets SmallCap ETF 104,769 6 2 4 69 78 GXC SPDR S&P China ETF 94,192 11 7 5 124 159
Source: Bloomberg as of 05/31/2020.
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Ticker Name 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put)
XSD SPDR S&P Semiconductor ETF 93,487 15 7 8 142 58 DWX SPDR S&P International Dividend ETF 88,155 — — 1 28 3 EDIV SPDR S&P Emerging Markets Dividend ETF 58,849 — 1 — 17 20 XHE SPDR S&P Health Care Equipment ETF 45,644 2 2 1 49 3 NANR SPDR S&P North American Natural Resources ETF 42,452 — 1 — 7 —GMF SPDR S&P Emerging Asia Pacific ETF 42,354 2 2 1 1 6 KCE SPDR S&P Capital Markets ETF 2,841 2 1 1 326 222
Source: Bloomberg as of 05/31/2020.
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ssga.com/etfs spdrgoldshares.com
Investment professional use only
State Street Global Advisors
One Iron Street, Boston MA 02210 T: +1 866 787 2257
This communication is not intended to promote or recommend the use of options or options trading strategies and should not be relied upon as such.
Important Information
This material has been created for informational purposes only and does not constitute investment advice and it should not be relied on as such. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. There is no representation or warranty as to the current accuracy of, or liability for, decisions made based on this material. All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.
Investing involves risk, and you could lose money on an investment in SPDR® Gold Trust (“GLD®”).
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.
All ETFs are subject to risk, including the possible loss of principal.
Investing in commodities entails significant risk and is not appropriate for all investors.
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.
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 more detailed discussion of the risks of investing in GLD shares. 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.
The World Gold Council name and logo are a registered trademark and used with the permission of the World Gold Council pursuant to a license agreement. The World Gold Council is not responsible for the content of, and is not liable for the use of or reliance on, this material. World Gold Council is an affiliate of GLD’s sponsor.
GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC.
Standard & Poor’s®, S&P® and SPDR® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (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 makes 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.
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, 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.
© 2020 State Street Corporation. All Rights Reserved.
ID223860-2047512.31.1.AM.INST 0620 Exp. Date: 06/30/2021 SPD002241
Not FDIC Insured No Bank Guarantee May Lose Value
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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.