Edgar Filing: SPDR GOLD TRUST

ETF Trading Report July 2018

Filed Pursuant To Rule 433

Registration No. 333-217785

August 14, 2018

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SPDR®ETF Trading Report Investment ProfessIonal Use only July 2018 Consolidated Consolidated Avg. Quote Avg. Quote Spread ($) Avg. Daily Consolidated Avg. Daily Volume Size (Shares) Size ($) vs. Daily Short Spread Spread vs. 3 month Volume Average Daily (shares) vs. Avg. Quote vs. 3 month Avg. Quote 3 month Avg. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 month trailing Size (shares) trailing Size ($) trailing Size (%) of 07/15/2018 US Equities — Core SPY SPDR S&P 500® ETF 0.01 0.00 0.01 73,018,060 19,660,097,474 92,861,152 6,059 4,521 1,636,957 1,214,962 268 0.89 158,465,101 MDY SPDR S&P MidCap 400® ETF 0.06 0.02 0.07 912,085 320,941,409 1,081,193 797 937 279,929 325,170 137 0.96 1,227,273 SLY SPDR S&P 600 Small Cap ETF 0.32 0.23 0.34 23,802 3,330,103 22,683 1,752 1,900 246,396 260,555 106 1.06 20,788 DIA SPDR Dow Jones Industrial Average 0.03 0.01 0.03 3,759,918 921,788,906 4,861,546 1,981 1,368 487,428 335,258 188 1.00 5,753,524 ETF Trust SPTM SPDR Portfolio Total Stock Market ETF 0.01 0.04 0.01 489,516 16,510,839 615,839 49,299 35,646 1,660,665 1,193,344 336 0.83 85,330 SPSM SPDR Portfolio Small Cap ETF 0.02 0.06 0.02 275,391 8,631,950 266,631 12,162 13,773 378,110 421,444 342 0.97 48,211 SPLG SPDR Portfolio Large Cap ETF 0.01 0.04 0.01 279,327 8,863,719 361,392 43,100 37,218 1,365,676 1,172,870 314 0.85 21,947 SPMD SPDR Portfolio Mid Cap ETF 0.02 0.05 0.02 175,090 6,007,624 209,969 4,825 3,860 165,627 130,769 258 0.93 76,088 SPYX SPDR S&P 500 Fossil Fuel Reserves 0.10 0.15 0.10 9,394 608,178 12,169 934 950 61,087 61,770 189 0.75 666 Free ETF SHE SPDR SSGA Gender Diversity Index ETF 0.07 0.10 0.08 5,528 393,673 4,780 5,028 3,608 357,700 256,317 79 0.68 25,023 US Style SPYG SPDR Portfolio S&P 500 Growth ETF 0.01 0.04 0.01 1,185,831 41,103,779 869,668 4,449 4,502 154,303 154,712 607 0.97 37,259 SPYV SPDR Portfolio S&P 500 Value ETF 0.01 0.04 0.01 458,664 13,639,679 590,181 5,200 5,333 154,874 159,051 499 0.86 37,830 MDYG SPDR S&P 400 Mid Cap Growth ETF 0.11 0.07 0.14 35,199 5,625,910 38,552 796 791 127,957 125,765 88 0.88 17,867 MDYV SPDR S&P 400 Mid Cap Value ETF 0.08 0.08 0.09 30,840 3,181,345 31,315 840 774 86,500 78,470 103 0.86 11,962 SLYG SPDR S&P 600 Small Cap Growth ETF 0.22 0.09 0.28 44,321 10,796,496 48,980 452 720 110,419 170,601 68 1.03 74,187 SLYV SPDR S&P 600 Small Cap Value ETF 0.12 0.09 0.13 66,776 8,697,683 80,260 977 874 127,575 111,424 83 1.06 58,962 US Sector XLC Communication Services Select Sector 0.03 0.06 0.03 365,687 18,364,434 405,769 14,164 14,229 716,796 716,324 486 1.30 80,834 SPDR Fund XLY Consumer Discretionary Select Sector 0.01 0.01 0.01 4,857,085 508,669,368 5,682,297 2,864 2,174 300,393 226,248 151 0.93 8,828,743 SPDR Fund Source: NYSE, Nasdaq and BATS as of 07/31/2018. Past performance is not a guarantee of future results.

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Quote Avg. Quote Spread ($) Avg. Daily Consolidated Avg. Daily Volume Size (Shares) Size ($) vs. Daily Short Spread Spread vs. 3 month Volume Average Daily (shares) vs. Avg. Quote vs. 3 month Avg. Quote 3 month Avg. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 month trailing Size (shares) trailing Size ($) trailing Size (%) of 07/15/2018 US Sector (cont’d) XLP Consumer Staples Select Sector 0.01 0.02 0.01 13,326,599 661,214,385 14,835,693 45,167 36,054 2,241,770 1,848,307 333 1.05 22,471,873 SPDR Fund XLE Energy Select Sector SPDR Fund 0.01 0.01 0.01 16,758,739 1,270,287,888 15,514,804 7,382 7,930 561,845 566,735 181 1.51 24,349,811 XLF Financial Select Sector SPDR Fund 0.01 0.04 0.01 48,289,123 1,335,033,526 56,381,911 370,338 346,444 10,291,878 9,697,357 679 1.30 71,167,285 XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 9,279,388 762,187,147 8,570,875 5,290 4,201 435,390 347,959 170 1.13 16,535,108 XLI Industrial Select Sector SPDR Fund 0.01 0.01 0.01 11,853,352 874,767,439 13,978,715 7,197 6,245 535,372 467,317 194 1.25 43,242,465 XLB Materials Select Sector SPDR Fund 0.01 0.02 0.01 5,420,237 316,985,257 6,183,932 8,566 7,829 503,064 459,649 205 1.14 12,973,989 XLK Technology Select Sector SPDR Fund 0.01 0.02 0.01 12,300,096 846,117,319 14,385,461 14,959 13,002 1,032,378 884,671 249 1.13 22,163,271 XLU Utilities Select Sector SPDR Fund 0.01 0.02 0.01 13,229,226 664,757,746 15,063,260 23,358 18,997 1,171,865 953,093 256 1.18 67,985,529 XLRE Real Estate Select Sector SPDR Fund 0.01 0.03 0.01 2,124,268 66,149,106 3,637,957 42,809 39,297 1,332,181 1,213,315 372 1.11 1,820,691 US Industry KBE SPDR S&P Bank ETF 0.01 0.02 0.01 2,296,319 113,267,991 2,442,973 3,275 3,120 161,813 153,202 182 1.52 3,403,096 KCE SPDR S&P Capital Markets ETF 0.11 0.19 0.12 33,070 1,944,346 18,628 1,336 2,314 80,415 137,385 337 0.99 5,266 KIE SPDR S&P Insurance ETF 0.02 0.06 0.02 377,709 11,516,317 444,122 5,218 5,506 159,575 170,374 358 1.05 1,700,152 KRE SPDR S&P Regional Banking ETF 0.01 0.02 0.01 5,983,006 378,815,017 6,064,497 2,554 2,443 162,216 152,677 163 1.56 26,568,748 XBI SPDR S&P Biotech ETF 0.03 0.03 0.03 3,938,981 359,918,760 4,524,009 867 901 78,915 81,336 156 1.93 37,517,596 XNTK SPDR NYSE Technology ETF 0.10 0.11 0.11 13,700 1,254,373 27,946 494 511 45,278 46,278 83 1.10 8,687 XHB SPDR S&P Homebuilders ETF 0.01 0.03 0.01 2,706,048 106,676,424 2,804,550 6,010 5,214 237,224 209,890 191 1.50 10,449,699 XME SPDR S&P Metals & Mining ETF 0.01 0.03 0.01 2,154,585 78,726,016 2,588,926 4,205 3,248 154,456 117,377 185 1.81 6,443,804 XES SPDR S&P Oil & Gas Equipment & 0.01 0.08 0.01 864,908 15,365,120 827,503 7,808 8,944 139,116 144,691 344 2.37 1,277,216 Services ETF XITK SPDR FactSet Innovative Technology ETF 0.25 0.27 0.18 6,607 617,632 5,637 331 335 30,829 30,318 128 1.28 11,737 XOP SPDR S&P Oil & Gas Exploration & 0.01 0.02 0.01 21,762,819 901,350,081 18,505,506 11,325 10,796 469,479 410,781 219 2.36 74,958,138 Production ETF XPH SPDR S&P Pharmaceuticals ETF 0.04 0.09 0.04 92,810 3,773,038 67,696 2,130 2,250 87,153 93,568 193 1.53 792,557 XRT SPDR S&P Retail ETF 0.01 0.02 0.01 4,184,609 192,317,347 4,484,099 4,946 4,019 227,458 181,845 176 1.50 26,385,533 XSD SPDR S&P Semiconductor ETF 0.04 0.06 0.05 98,369 7,086,799 136,959 990 998 71,994 71,696 145 1.42 482,443 XHE SPDR S&P Health Care Equipment ETF 0.13 0.18 0.17 82,444 6,170,977 47,781 531 556 39,707 39,847 202 1.22 26,409 Source: NYSE, Nasdaq and BATS as of 07/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Quote Avg. Quote Spread ($) Avg. Daily Consolidated Avg. Daily Volume Size (Shares) Size ($) vs. Daily Short Spread Spread vs. 3 month Volume Average Daily (shares) vs. Avg. Quote vs. 3 month Avg. Quote 3 month Avg. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 month trailing Size (shares) trailing Size ($) trailing Size (%) of 07/15/2018 US Industry (cont’d) XTL SPDR S&P Telecom ETF 0.17 0.24 0.16 19,881 1,406,798 28,684 421 414 29,738 29,308 163 1.02 3,402 XAR SPDR S&P Aerospace & Defense ETF 0.06 0.07 0.07 111,126 9,644,692 125,421 944 1,197 82,462 105,213 120 1.28 2,553,407 XHS SPDR S&P Health Care Services ETF 0.20 0.30 0.20 7,471 499,322 5,574 437 511 29,329 33,332 133 0.99 20,301 XSW SPDR S&P Software & Services ETF 0.23 0.29 0.23 13,282 1,063,517 7,853 2,986 3,400 237,930 264,359 183 0.94 14,021 XTH SPDR S&P Technology Hardware ETF 0.17 0.23 0.19 1,441 107,233 541 3,083 2,437 229,458 179,074 120 0.99 178 XTN SPDR S&P Transportation ETF 0.05 0.08 0.06 16,439 1,048,591 15,333 1,549 1,215 98,486 77,015 149 1.22 8,727 XWEB SPDR S&P Internet ETF 0.24 0.29 0.26 7,724 642,018 3,998 3,473 3,776 285,590 299,401 136 1.07 3,572 XKII SPDR Kensho Intelligent Structures ETF 0.08 0.28 0.08 879 25,609 2,286 9,069 9,691 262,513 287,552 169 0.49 16,104 XKST SPDR Kensho Smart Mobility ETF 0.08 0.28 0.08 2,567 77,641 2,092 7,454 7,946 225,163 240,030 161 0.58 4,693 XKFS SPDR Kensho Future Security ETF 0.10 0.32 0.09 2,558 82,728 3,368 5,750 5,878 186,712 188,896 164 0.85 11,783 Real Estate Equities RWR SPDR Dow Jones REIT ETF 0.03 0.04 0.03 192,286 17,060,515 226,300 1,075 1,204 95,363 104,071 196 1.17 91,532 RWO SPDR Dow Jones Global Real Estate ETF 0.05 0.10 0.04 162,079 7,666,560 200,496 614 737 28,958 34,159 183 0.86 33,464 RWX SPDR Dow Jones International Real 0.01 0.04 0.02 512,979 20,664,581 562,800 3,597 3,860 144,894 154,761 339 0.55 988,920 Estate ETF Global Equities DGT SPDR Global Dow ETF 0.47 0.56 0.49 1,857 157,043 1,657 490 476 41,536 40,447 129 0.42 697 GII SPDR S&P Global Infrastructure ETF 0.06 0.12 0.06 12,603 626,674 13,212 631 656 31,366 32,474 137 0.57 3,681 GNR SPDR S&P Global Natural Resources ETF 0.06 0.11 0.07 160,707 8,322,542 130,929 546 783 28,229 38,880 244 0.88 31,482 CWI SPDR MSCI ACWI ex-US ETF 0.02 0.06 0.02 140,164 5,471,700 156,732 11,330 8,928 443,873 348,998 213 0.64 17,823 ACIM SPDR MSCI ACWI IMI ETF 0.56 0.71 0.56 7,396 582,435 7,549 658 626 52,022 49,387 177 0.66 9,783 EFAX SPDR MSCI EAFE Fossil Fuel Reserves 0.24 0.33 0.24 1,652 119,977 1,864 1,012 1,270 73,717 92,328 120 0.33 1,597 Free ETF SPDW SPDR Portfolio World ex- US ETF 0.01 0.04 0.01 399,731 12,734,919 432,374 14,159 14,087 452,157 446,717 336 0.61 243,173 GWX SPDR S&P International Small Cap ETF 0.06 0.16 0.05 78,394 2,809,724 88,007 1,108 900 39,720 32,097 207 0.64 49,288 LOWC SPDR MSCI ACWI Low Carbon 0.20 0.22 0.19 7,393 672,136 6,464 261 256 23,645 23,098 208 0.35 1,556 Target ETF Source: NYSE, Nasdaq and BATS as of 07/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Quote Avg. Quote Spread ($) Avg. Daily Consolidated Avg. Daily Volume Size (Shares) Size ($) vs. Daily Short Spread Spread vs. 3 month Volume Average Daily (shares) vs. Avg. Quote vs. 3 month Avg. Quote 3 month Avg. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 month trailing Size (shares) trailing Size ($) trailing Size (%) of 07/15/2018 International Developed Equities — Region/Country FEZ SPDR EURO STOXX 50 ETF 0.01 0.02 0.01 3,062,774 124,271,038 3,330,681 45,959 49,057 1,891,611 2,009,165 394 0.80 6,415,945 FEU SPDR STOXX Europe 50 ETF 0.06 0.18 0.07 34,676 1,225,491 38,617 769 819 27,141 28,745 296 0.64 233 SMEZ SPDR EURO STOXX Small Cap ETF 0.17 0.26 0.16 3,237 204,223 2,997 455 455 28,903 29,306 140 0.45 708 Emerging Market Equities SPEM SPDR Portfolio Emerging Markets ETF 0.02 0.07 0.03 291,284 10,969,976 331,004 891 858 33,559 33,200 185 0.92 60,316 GMF SPDR S&P Emerging Asia Pacific ETF 0.23 0.22 0.24 16,576 1,731,591 15,615 564 549 59,040 58,185 128 0.82 5,810 EEMX SPDR MSCI Emerging Markets Fossil Fuel 0.29 0.42 0.29 1,710 116,940 2,545 294 297 20,057 20,740 99 0.89 308 Reserves Free ETF EWX SPDR S&P Emerging Markets Small 0.05 0.11 0.06 53,143 2,687,501 49,229 668 662 33,761 34,188 151 0.79 71,552 Cap ETF GXC SPDR S&P China ETF 0.12 0.11 0.14 58,300 6,459,023 63,353 313 337 34,753 37,387 121 1.07 30,416 XINA SPDR MSCI China A Shares IMI ETF 0.10 0.44 0.10 1,912 44,266 3,864 289 287 6,717 6,716 186 0.68 69,084 Advanced Beta — Income EDIV SPDR S&P Emerging Markets 0.08 0.23 0.08 54,102 1,815,422 58,198 469 459 15,743 15,906 229 1.04 25,337 Dividend ETF DWX SPDR S&P International Dividend ETF 0.03 0.07 0.03 106,218 4,221,037 88,964 718 752 28,629 30,071 324 0.57 2,436 SDY SPDR S&P Dividend ETF 0.04 0.04 0.03 355,364 32,560,268 472,327 2,493 2,016 228,339 184,817 177 0.82 408,092 WDIV SPDR S&P Global Dividend ETF 0.09 0.13 0.09 11,471 790,388 11,498 579 582 39,984 40,151 134 0.53 8,638 SPYD SPDR Portfolio S&P 500 High 0.01 0.04 0.01 130,417 4,729,795 204,422 4,016 3,477 145,808 125,537 221 0.78 25,787 Dividend ETF Advanced Beta — Multi Factor QCAN SPDR MSCI Canada StrategicFactors ETF 0.05 0.09 0.05 800 47,624 1,262 1,016 1,001 60,510 58,586 88 0.32 127 QDEU SPDR MSCI Germany 0.06 0.09 0.06 385 24,916 803 990 993 63,515 63,809 66 0.10 82 StrategicFactors ETF QJPN SPDR MSCI Japan StrategicFactors ETF 0.23 0.29 0.24 812 65,144 1,213 470 480 37,740 38,282 113 0.15 4,655 QGBR SPDR MSCI United Kingdom 0.33 0.60 0.31 13,119 710,844 5,636 676 811 37,095 43,983 951 0.43 327 StrategicFactors ETF QEFA SPDR MSCI EAFE StrategicFactors ETF 0.13 0.20 0.21 13,706 896,697 14,014 912 903 59,643 58,771 161 0.57 25,865 Source: NYSE, Nasdaq and BATS as of 07/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Quote Avg. Quote Spread ($) Avg. Daily Consolidated Avg. Daily Volume Size (Shares) Size ($) vs. Daily Short Spread Spread vs. 3 month Volume Average Daily (shares) vs. Avg. Quote vs. 3 month Avg. Quote 3 month Avg. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 month trailing Size (shares) trailing Size ($) trailing Size (%) of 07/15/2018 Advanced Beta — Multi Factor (cont’d) QWLD SPDR MSCI World StrategicFactors ETF 0.17 0.22 0.19 834 63,160 2,152 957 959 72,611 72,333 200 0.15 230 QEMM SPDR MSCI Emerging Markets 0.53 0.83 0.43 6,730 427,296 9,206 528 466 33,518 30,154 116 1.08 6,121 StrategicFactors ETF QUS SPDR MSCI USA StrategicFactors ETF 0.13 0.17 0.12 4,199 324,799 6,407 367 305 28,323 23,448 104 0.65 4,124 Advanced Beta — Single Factor SPYB SPDR S&P 500 Buyback ETF 0.16 0.25 0.14 2,334 147,075 2,732 5,359 5,693 337,113 356,757 160 0.41 3,692 VLU SPDR S&P 1500 Value Tilt ETF 0.31 0.31 0.35 822 83,902 898 2,361 2,461 239,559 248,117 93 0.43 3,979 MMTM SPDR S&P 1500 Momentum Tilt ETF 0.35 0.29 0.35 1,486 174,678 1,408 894 841 106,105 98,812 91 0.67 7,421 LGLV SPDR SSGA US Large Cap Low Volatility 0.48 0.54 0.38 3,661 327,930 3,949 489 345 43,822 31,042 99 0.82 20,167 Index ETF SMLV SPDR SSGA US Small Cap Low Volatility 0.23 0.25 0.25 6,341 582,180 7,654 1,346 1,631 123,413 146,706 88 0.78 1,690 Index ETF ONEY SPDR Russell 1000 Yield Focus ETF 0.28 0.40 0.30 586 40,800 1,716 279 279 19,416 19,233 61 0.49 308 ONEO SPDR Russell 1000 Momentum Focus ETF 0.15 0.20 0.16 17,110 1,247,113 24,771 599 560 43,779 40,807 153 0.69 49,715 ONEV SPDR Russell 1000 Low Volatility 0.23 0.31 0.18 1,195 86,063 1,723 517 492 37,227 35,335 119 0.30 1,342 Focus ETF Advanced Beta — Fixed Income DWFI SPDR Dorsey Wright Fixed Income 0.06 0.23 0.05 24,941 594,010 40,402 144 132 342,750 316,703 463 0.56 9,034 Allocation ETF CBND SPDR Bloomberg Barclays Issuer Scored 0.10 0.33 0.10 9,746 301,504 4,943 882 831 27,288 25,916 1,116 0.23 891 Corporate Bond ETF Fixed Income — US Government BIL SPDR Bloomberg Barclays 1–3 Month 0.01 0.01 0.01 1,173,112 107,330,004 1,117,475 3,296,949 2,194,205 301,705,003 200,771,113 1,067 0.01 268,318 T-Bill ETF ITE SPDR Bloomberg Barclays Intermediate 0.03 0.04 0.03 37,755 2,203,846 53,045 31,475 17,494 1,833,080 1,020,923 324 0.16 90,269 Term Treasury ETF SPTL SPDR Portfolio Long Term Treasury ETF 0.02 0.05 0.02 256,951 8,782,294 193,973 14,051 8,100 479,761 277,476 476 0.51 44,783 Source: NYSE, Nasdaq and BATS as of 07/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Quote Avg. Quote Spread ($) Avg. Daily Consolidated Avg. Daily Volume Size (Shares) Size ($) vs. Daily Short Spread Spread vs. 3 month Volume Average Daily (shares) vs. Avg. Quote vs. 3 month Avg. Quote 3 month Avg. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 month trailing Size (shares) trailing Size ($) trailing Size (%) of 07/15/2018 Fixed Income — US Government (cont’d) IPE SPDR Bloomberg Barclays TIPS ETF 0.03 0.05 0.03 124,850 6,867,999 98,956 1,916 2,544 105,372 140,641 385 0.24 56,881 SPTS SPDR Portfolio Short Term Treasury ETF 0.01 0.04 0.01 135,345 3,993,761 152,808 98,649 45,875 2,910,820 1,354,101 513 0.10 208,080 TIPX SPDR Bloomberg Barclays 1–10 Year 0.02 0.11 0.02 29,395 563,173 41,170 31,795 12,080 608,026 231,054 355 0.18 57,849 TIPS ETF Fixed Income — US Investment Grade Corporates SPSB SPDR Portfolio Short Term Corporate 0.01 0.03 0.01 521,923 15,743,989 741,909 17,969 18,079 541,762 545,267 396 0.12 45,801 Bond ETF SPIB SPDR Portfolio Intermediate Term 0.01 0.03 0.01 822,630 27,376,456 630,171 11,654 9,743 387,123 324,782 618 0.19 21,620 Corporate Bond ETF SPLB SPDR Portfolio Long Term Corporate 0.01 0.05 0.01 177,580 4,674,770 163,406 1,762 1,703 46,232 45,382 326 0.43 30,528 Bond ETF FLRN SPDR Bloomberg Barclays Investment 0.01 0.03 0.01 1,014,397 31,208,285 941,438 49,694 35,660 1,529,038 1,096,532 567 0.08 132,267 Grade Floating Rate ETF Fixed Income — High Yield JNK SPDR Bloomberg Barclays High Yield 0.01 0.03 0.01 11,344,299 405,001,495 12,048,306 104,365 90,479 3,725,885 3,242,557 540 0.24 52,513,573 Bond ETF SJNK SPDR Bloomberg Barclays Short Term 0.01 0.04 0.01 1,966,889 53,800,416 2,193,906 38,089 33,672 1,041,952 921,788 458 0.22 677,215 High Yield Bond ETF CJNK SPDR ICE BofAML Crossover Corporate 0.12 0.48 0.13 22,624 576,872 16,175 493 452 12,569 11,568 302 0.49 1,906 Bond ETF Fixed Income — US Mortgage MBG SPDR Bloomberg Barclays Mortgage 0.04 0.17 0.06 75,582 1,904,313 74,963 4,480 4,328 113,193 109,883 897 0.29 10,245 Backed Bond ETF Fixed Income — US Aggregate SPAB SPDR Portfolio Aggregate Bond ETF 0.01 0.04 0.01 466,458 12,942,061 640,940 12,452 13,761 345,359 384,011 366 0.20 124,962 Fixed Income — Hybrids CWB SPDR Bloomberg Barclays Convertible 0.01 0.02 0.01 1,064,225 56,137,423 1,260,094 2,086 2,003 110,203 104,871 224 0.73 868,065 Securities ETF PSK SPDR Wells Fargo Preferred Stock ETF 0.04 0.08 0.04 63,544 2,716,108 53,717 521 489 22,250 21,025 227 0.35 112,273 Source: NYSE, Nasdaq and BATS as of 07/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Quote Avg. Quote Spread ($) Avg. Daily Consolidated Avg. Daily Volume Size (Shares) Size ($) vs. Daily Short Spread Spread vs. 3 month Volume Average Daily (shares) vs. Avg. Quote vs. 3 month Avg. Quote 3 month Avg. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 month trailing Size (shares) trailing Size ($) trailing Size (%) of 07/15/2018 Fixed Income — Municipal SHM SPDR Nuveen Bloomberg Barclays Short 0.01 0.02 0.01 534,106 25,479,713 500,211 8,105 6,680 386,570 318,935 548 0.12 446,415 Term Municipal Bond ETF TFI SPDR Nuveen Bloomberg Barclays 0.02 0.03 0.02 603,147 28,851,240 563,755 3,297 2,206 157,626 105,437 95 0.23 483,899 Municipal Bond ETF HYMB SPDR Nuveen S&P High Yield Municipal 0.07 0.13 0.08 64,102 3,582,315 56,946 556 621 31,122 34,592 257 0.33 5,417 Bond ETF Fixed Income — International WIP SPDR Citi International Government 0.06 0.11 0.07 116,640 6,516,029 93,896 428 457 23,838 26,413 271 0.54 15,814 Inflation-Protected Bond ETF BWZ SPDR Bloomberg Barclays Short Term 0.12 0.39 0.12 36,729 1,173,500 43,905 733 752 23,325 24,526 324 0.58 1,754 International Treasury Bond ETF BWX SPDR Bloomberg Barclays International 0.01 0.04 0.01 1,082,034 30,624,341 1,082,069 2,761 2,268 77,919 65,336 450 0.38 89,011 Treasury Bond ETF IBND SPDR Bloomberg Barclays International 0.11 0.32 0.11 99,526 3,414,097 99,302 712 603 24,406 21,277 279 0.73 10,029 Corporate Bond ETF EBND SPDR Bloomberg Barclays Emerging 0.02 0.07 0.02 485,651 13,661,596 286,928 3,718 3,404 105,462 100,068 1,526 0.53 21,778 Markets Local Bond ETF Commodity GLD® SPDR Gold Trust 0.01 0.01 0.01 6,224,488 768,452,716 6,702,783 14,560 12,356 1,797,943 1,545,351 237 0.52 11,113,645 GLDWSM SPDR Long Dollar Gold Trust 0.16 0.14 0.16 566 66,887 4,230 563 717 66,879 87,347 64 0.13 75 GLDM SPDR Gold MiniSharesSM 0.01 0.08 0.01 357,222 4,435,187 331,455 59,045 57,957 730,033 717,588 1,145 0.45 138,268 NANR SPDR S&P North American Natural 0.05 0.13 0.05 37,081 1,350,613 29,722 1,954 2,026 70,333 70,594 482 0.92 88 Resources ETF Active — Asset Allocation RLY SPDR SSGA Multi-Asset Real Return ETF 0.08 0.31 0.08 21,429 579,989 25,651 4,785 5,169 129,632 136,844 196 0.72 4,407 INKM SPDR SSGA Income Allocation ETF 0.07 0.22 0.07 5,537 181,149 7,526 11,851 11,637 388,200 382,341 297 0.30 813 GAL SPDR SSGA Global Allocation ETF 0.13 0.33 0.14 13,540 519,103 14,832 6,826 8,564 261,807 328,087 230 0.62 14,240 Source: NYSE, Nasdaq and BATS as of 07/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors

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SPDR® ETF Trading Report Consolidated Consolidated Avg. Quote Avg. Quote Spread ($) Avg. Daily Consolidated Avg. Daily Volume Size (Shares) Size ($) vs. Daily Short Spread Spread vs. 3 month Volume Average Daily (shares) vs. Avg. Quote vs. 3 month Avg. Quote 3 month Avg. Trade Volatility Interest as Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 month trailing Size (shares) trailing Size ($) trailing Size (%) of 07/15/2018 Active — Equity SYE SPDR MFS Systematic Core Equity ETF 0.21 0.27 0.19 9,401 709,335 5,680 447 376 33,784 28,174 207 0.79 8 SYG SPDR MFS Systematic Growth Equity ETF 0.28 0.35 0.23 1,556 126,577 3,132 253 316 20,591 25,443 108 0.40 374 SYV SPDR MFS Systematic Value Equity ETF 0.24 0.36 0.26 4,281 287,815 6,490 608 593 40,983 39,517 95 0.73 5,121 Active — Fixed Income TOTL SPDR DoubleLine Total Return 0.02 0.04 0.02 270,274 12,797,007 282,173 6,474 6,640 306,520 315,616 346 0.18 375,414 Tactical ETF EMTL SPDR DoubleLine Emerging Markets 0.12 0.25 0.14 2,867 139,623 5,908 930 1,369 45,268 66,540 133 0.16 14,187 Fixed Income ETF STOT SPDR DoubleLine Short Duration Total 0.16 0.32 0.13 7,457 364,139 17,995 2,713 3,051 132,596 149,060 265 0.19 4,177 Return Tactical ETF SRLN SPDR Blackstone / GSO Senior Loan ETF 0.01 0.02 0.01 577,205 27,279,312 589,441 12,677 11,046 599,176 522,698 382 0.06 322,587 ULST SPDR SSGA Ultra Short Term Bond ETF 0.03 0.08 0.03 7,604 306,163 9,133 3,071 4,129 123,654 166,154 235 0.09 9,799 Source: NYSE, Nasdaq and BATS as of 07/31/2018. 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 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. Investing involves risk, and you could lose money on an investment in each of SPDR® Gold Shares Trust (“GLD®”), SPDR® Gold MiniSharesSM Trust (“GLDMSM”), a series of the World Gold Trust, and SPDR® Long Dollar Gold Trust (“GLDWSM”), a series of the World Gold Trust (together, the “Funds”). 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. 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. GLDW is subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). U.S. regulation of swap agreements is rapidly changing and is subject to further regulatory developments which could be adverse to GLDW. GLDW’s swap agreements will be subject to counterparty risk and liquidity risk. Currency exchange rates between the US dollar and non-US currencies may fluctuate significantly over short periods of time and may cause the value of GLDW’s investments to decline. GLDW is a passive investment vehicle that is designed to track the Index. GLDW’s performance may deviate from changes in the levels of its Index (i.e., create “tracking error” between GLDW and the Index) for a number of reasons, such as the fees and expenses of GLDW, which are not accounted for by the Index. 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®”), SPDR® Gold MiniSharesSM Trust (“GLDMSM”) and SPDR® Long Dollar Gold Trust (“GLDWSM”): The SPDR Gold Trust (“GLD”) has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for GLD. The World Gold Trust has filed a registration statement (including a prospectus) with the SEC for each of GLDM and GLDW. The World Gold Trust has also filed the prospectus for GLDW with the National Futures Association. Before you invest, you should read the prospectus in the registration statement and other documents each Fund has filed with the SEC for more complete information about each Fund and these offerings. Please see each Fund’s prospectus for a more detailed discussion of the risks of investing in each Fund’s shares. The GLD prospectus is available by clicking here, the GLDM prospectus is available by clicking here, and the GLDW 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 Funds or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053. None of the Funds is an investment company registered under the Investment Company Act of 1940 (the “1940 Act”). As a result, shareholders of each Fund do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act. GLD and GLDM are not subject to regulation under the CEA. As a result, shareholders of each of GLD and GLDM do not have the protections afforded by the CEA.

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Shares of each Fund trade like stocks, are subject to investment risk and will fluctuate in market value. The values of GLD shares and GLDM shares relate directly to the value of the gold held by each Fund (less its expenses), respectively. 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. GLDW shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLDW shares relates directly to the value of the gold held by GLDW (less its expenses) and the value of a basket (“FX Basket”) comprising the euro, Japanese yen, British pound sterling, Canadian dollar, Swedish krona and Swiss franc (“Reference Currencies”) against the US dollar. A decline in the price of gold and/or an increase in the value of the Reference Currencies comprising the FX basket against the US dollar 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 and the price of each Reference Currency against the US dollar represented by them. None of the Funds generate any income, and as each Fund regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Fund 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 the Sponsor of each of GLD, GLDM and GLDW. GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC. MiniSharesSM, GLDMSM and GLDWSM are service marks of WGC USA Asset Management Company, LLC used with the permission of WGC USA Asset Management Company, 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. Important Information Relating to Solactive GLD® Long USD Gold Index: GLDW is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/ or Index trademark or the Index value at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards GLDW, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors in and/or financial intermediaries transacting in or with GLDW. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trademark for the purpose of use in connection with GLDW constitutes a recommendation by Solactive AG to invest capital in GLDW nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in GLDW. For more information, please contact the Marketing Agent for GLD, GLDM and GLDW: 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 licenzed 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. © 2018 State Street Corporation. All Rights Reserved. ID13886-2081238.7.1.NA.INST 0818 Exp. Date: 08/31/2019 SPD001695

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.