Filed Pursuant To Rule 433
Registration No. 333-209926
October 17, 2016
September 2016
SPDR®
ETF Options Report
Ticker Name 20 Day Average ETF Volume 20 Day Average Total Option Volume 20 Day Average Call Option Volume 20 Day
Average Put Option Volume Total Open Interest (Call) Total Open Interest (Put) Options Available
SPY SPDR S&P 500 ETF Trust 113,666,056
2,898,863 1,112,700 1,786,163 8,076,354 15,392,890 Y
XLF Financial Select Sector SPDR Fund 54,047,260 106,023 47,017 59,006 918,226
1,465,567 Y
XOP SPDR S&P Oil & Gas Exploration & Production ETF 20,551,998 119,252 45,777 73,475 611,517 1,063,641 Y
XLE Energy Select Sector SPDR Fund 19,281,182 77,867 37,347 40,520 488,725 718,596 Y
XLU Utilities Select Sector SPDR Fund 17,777,830 53,113 17,857 35,256 292,916 574,886 Y
XLP Consumer Staples Select Sector SPDR Fund 15,429,914 39,405 6,793 32,612 149,969 456,149 Y
XLI Industrial Select Sector SPDR Fund 12,131,713 18,932 4,396 14,536 98,861 249,682 Y
JNK SPDR Barclays High Yield Bond ETF 12,018,806 5,560 4,452 1,108 61,588 70,904 Y
XLK Technology Select Sector SPDR Fund 11,614,094 15,470 10,097 5,373 151,142 130,357 Y
GLD SPDR Gold Shares 10,388,376 239,847 167,982 71,865 3,323,469 976,581 Y
XLV Health Care Select Sector SPDR Fund 8,738,876 13,899 4,885 9,014 181,433 204,951 Y
XLY Consumer Discretionary Select Sector SPDR Fund 6,109,486 12,717 5,286 7,431 176,951 272,713 Y
XBI SPDR S&P Biotech ETF 5,636,834 24,072 9,442 14,630 159,537 239,285 Y
XLB Materials Select Sector SPDR Fund 5,617,936 12,075 1,348 10,727 44,839 145,567 Y
KRE SPDR S&P Regional Banking ETF 5,475,627 9,949 5,316 4,633 78,019 88,939 Y
XME SPDR S&P Metals & Mining ETF 5,154,953 21,131 8,837 12,294 117,220 202,389 Y
XRT SPDR S&P Retail ETF 3,811,712 21,327 6,289 15,038 108,706 173,537 Y
DIA SPDR Dow Jones Industrial Average ETF Trust 3,748,938 30,586 13,269 17,317 245,884 199,663 Y
KBE SPDR S&P Bank ETF 3,303,386 2,439 2,050 389 29,302 16,912 Y
XLRE Real Estate Select Sector SPDR Fund 3,187,155 99 75 24 363 417 Y
XHB SPDR S&P Homebuilders ETF 2,630,362 14,526 1,129 13,397 38,872 82,016 Y
FEZ SPDR EURO STOXX 50 ETF 2,060,601 3,022 1,655 1,367 53,996 45,338 Y
SJNK SPDR Barclays Short Term High Yield Bond ETF 1,687,466 5 2 3 163 62 Y
MDY SPDR S&P MidCap 400 ETF Trust 1,372,991 2,011 1,109 902 51,768 31,168 Y
BIL SPDR Barclays 1–3 Month T-Bill 1,034,867 1 — 1 — — Y
SDY SPDR S&P Dividend ETF 941,290 422 89 333 5,108 3,984 Y
CWB
SPDR Barclays Convertible Securities ETF 779,874 11 2 9 149 280 Y
Source: Bloomberg as of 10/5/2016.
SPDR® ETF Options Report
Ticker Name
20 Day Average
ETF Volume
20 Day Average
Total Option Volume
20 Day Average
Call Option Volume
20 Day Average
Put Option Volume
Total Open
Interest (Call)
Total Open
Interest (Put)
Options
Available
RWX SPDR Dow Jones International Real Estate ETF 654,375 2 1 1 117 6 Y
BWX SPDR Barclays International Treasury Bond ETF 594,581 20 11 9 1,158 1,744 Y
XES SPDR
S&P Oil & Gas Equipment & Services ETF 382,290 43 31 12 9,143 485 Y
RWR SPDR Dow Jones REIT ETF 342,832 64 28 36 637 827 Y
RWO SPDR Dow Jones Global Real Estate ETF 263,425 6 5 1 47 18 Y
TFI SPDR Nuveen Barclays
Municipal Bond ETF 199,289 — — — 15 — Y
GNR SPDR S&P Global Natural Resources ETF 173,365 1 1 — 62 61 Y
XPH SPDR S&P Pharmaceuticals ETF 134,502 50 31 19 842 541 Y
XLFS Financial Services Select
Sector SPDR Fund 130,168 152 151 1 3,042 12 Y
GWX SPDR S&P International Small Cap ETF 123,029 1 — 1 — 17 Y
GXC SPDR S&P China ETF 116,890 6 2 4 81 68 Y
DWX SPDR S&P International Dividend ETF
106,237 2 2 — 56 4 Y
XSD SPDR S&P Semiconductor ETF 105,491 7 6 1 73 75 Y
KIE SPDR S&P Insurance ETF 89,334 50 3 47 128 991 Y
HYMB SPDR Nuveen S&P High Yield
Municipal Bond ETF 84,926 3 1 2 1 40 Y
EWX SPDR S&P Emerging Markets SmallCap ETF 66,974 16 7 9 165 211 Y
Source: Bloomberg as of 10/5/2016.
State Street Global Advisors 2
SPDR® ETF Options Report
ssga.com | spdrs.com | spdrgoldshares.com
For investment professional use only. Not for use
with the public.
State Street Global Advisors, One Lincoln Street, Boston, MA 02111-2900. T: +1 617 664 7727.
Important Risk 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.
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.
Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors
and companies.
Select Sector SPDR Funds bear a higher level of risk than more broadly
diversified funds. All ETFs are subject to risk,
including the possible loss of principal. Sector ETFs products are also subject to sector risk and
non-diversification
risk, which generally results in greater price fluctuations than the overall market.
Non-diversified funds that focus on a relatively small number of stocks or countries tend to be more volatile than
diversified funds and the market as a whole.
Options investing entail a high degree of risk
and may not be appropriate for all investors. 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.
Investing in commodities entails significant risk and is not
appropriate for all investors.
Important Information Relating to SPDR Gold Trust
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 Trust will arrange to send you the prospectus if you request it by
calling 866.320.4053.
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. If this is
distributed electronically, the GLD prospectus is available here.
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.
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 all registered products on behalf of the advisor. SSGA Funds
Management has retained Nuveen Asset Management, LLC as the sub-advisor. State Street Global Markets, 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
SPDR® ETF
Options Report
© 2016 State Street Corporation. All Rights Reserved.
ID7811-IBG-21402 1016 Exp. Date: 10/31/2017 SPD001189
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.