Filed Pursuant To Rule 433
Registration No. 333-217785
January 7, 2019
SPDR® ETF Options Report INVESTMENT PROFESSIONAL USE ONLY December 2018 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open Ticker Name ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put) SPY SPDR S&P 500 ETF Trust 161,477,360 4,506,300 1,821,986 2,684,314 7,342,280 9,937,663 XLF Financial Select Sector SPDR Fund 91,620,040 201,346 72,028 129,318 1,356,699 1,981,943 XLP Consumer Staples Select Sector SPDR Fund 27,933,970 27,278 11,985 15,293 142,224 168,144 XOP SPDR S&P Oil & Gas Exploration & Production ETF 26,993,274 221,326 70,917 150,409 1,027,073 2,177,969 XLE Energy Select Sector SPDR Fund 25,104,460 56,566 29,796 26,770 458,975 518,835 XLU Utilities Select Sector SPDR Fund 24,780,616 48,966 17,443 31,523 140,002 342,506 XLK Technology Select Sector SPDR Fund 22,181,940 20,564 10,676 9,889 175,306 206,815 JNK SPDR Bloomberg Barclays High Yield Bond ETF 19,056,972 10,861 1,414 9,447 36,903 224,458 XLI Industrial Select Sector SPDR Fund 18,925,264 20,125 9,584 10,541 167,812 164,651 XLV Health Care Select Sector SPDR Fund 17,312,360 19,898 10,725 9,174 142,082 155,847 KRE SPDR S&P Regional Banking ETF 13,004,747 86,639 21,375 65,265 378,848 403,235 XLB Materials Select Sector SPDR Fund 12,837,290 11,321 4,226 7,095 64,355 95,244 GLD® SPDR Gold Shares 9,583,454 136,933 87,723 49,211 1,809,533 900,148 XLY Consumer Discretionary Select Sector SPDR Fund 9,577,024 5,280 2,887 2,394 63,997 80,087 XLRE Real Estate Select Sector SPDR Fund 8,482,896 2,854 1,458 1,396 32,622 29,390 XRT SPDR S&P Retail ETF 8,390,133 19,717 5,222 14,496 54,368 97,103 XBI SPDR S&P Biotech ETF 7,590,055 61,710 17,991 43,720 204,649 338,049 FEZ SPDR EURO STOXX 50 ETF 7,107,025 7,755 1,158 6,597 83,997 175,638 DIA SPDR Dow Jones Industrial Average ETF Trust 7,101,646 81,336 40,708 40,628 300,590 202,624 XHB SPDR S&P Homebuilders ETF 5,472,185 8,688 4,556 4,132 53,877 129,277 KBE SPDR S&P Bank ETF 4,472,578 12,180 1,295 10,885 26,810 104,589 XLC Communication Services Select Sector SPDR Fund 4,213,055 1,056 368 688 10,229 10,748 SPYG SPDR Portfolio S&P 500 Growth ETF 3,527,578 33 15 19 247 251 SPDW SPDR Portfolio Developed World ex-US ETF 3,349,988 3 3 1 28 2 BIL SPDR Bloomberg Barclays 13 Month T-Bill ETF 3,049,935 123 99 24 1,278 207 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 2,889,368 4 4 7 107 SPYV SPDR Portfolio S&P 500 Value ETF 2,808,553 6 4 3 54 25 XME SPDR S&P Metals & Mining ETF 2,655,695 23,825 4,409 19,416 89,561 215,330 Source: Bloomberg as of 12/31/2018.
SPDR® ETF Options Report 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open Ticker Name ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put) XES SPDR S&P Oil & Gas Equipment & Services ETF 2,304,633 342 302 41 9,232 770 MDY SPDR S&P MidCap 400 ETF Trust 2,020,887 934 429 505 20,666 13,058 SDY SPDR S&P Dividend ETF 1,998,178 78 43 36 1,423 1,167 CWB SPDR Bloomberg Barclays Convertible Securities ETF 1,721,222 45 21 25 471 389 CWI SPDR MSCI ACWI ex-US ETF 1,672,620 1 1 1 1 1 SPTM SPDR Portfolio Total Stock Market ETF 1,529,108 1 1 2 2 SPLG SPDR Portfolio Large Cap ETF 1,453,867 22 SPEM SPDR Portfolio Emerging Markets ETF 1,420,953 1 7 10 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 1,029,149 3 2 1 52 1 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 944,227 1 1 1 45 173 SPSM SPDR Portfolio Small Cap ETF 888,727 3 3 1 103 1 RWX SPDR Dow Jones International Real Estate ETF 832,913 1 23 10 GWX SPDR S&P International Small Cap ETF 582,071 1 6 GNR SPDR S&P Global Natural Resources ETF 453,717 5 1 5 12 78 KIE SPDR S&P Insurance ETF 391,796 12 5 8 108 435 RWR SPDR Dow Jones REIT ETF 365,935 7 3 5 118 111 RWO SPDR Dow Jones Global Real Estate ETF 360,404 1 3 XAR SPDR S&P Aerospace & Defense ETF 338,861 13 9 4 267 89 HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 314,135 4 2 3 56 25 EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 213,916 1 1 1 32 49 DWX SPDR S&P International Dividend ETF 188,054 1 1 1 16 1 EWX SPDR S&P Emerging Markets SmallCap ETF 126,164 3 2 1 129 58 GXC SPDR S&P China ETF 125,168 21 9 13 76 237 XSD SPDR S&P Semiconductor ETF 120,751 5 2 4 89 65 XPH SPDR S&P Pharmaceuticals ETF 103,470 15 3 12 313 321 EDIV SPDR S&P Emerging Markets Dividend ETF 72,037 2 1 1 42 27 GMF SPDR S&P Emerging Asia Pacific ETF 39,932 9 22 KCE SPDR S&P Capital Markets ETF 11,135 1 1 1 78 18 Source: Bloomberg as of 12/31/2018. State Street Global Advisors 2
SPDR® ETF Options Report ssga.com | spdrs.com | spdrgoldshares.com State Street Global Advisors One Iron Street, Boston MA 02210. T: +1 866 787 2257. 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 investors 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. 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. 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 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 GLDs sponsor. GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC. Standard & Poors®, S&P® and SPDR® are registered trademarks of Standard & Poors 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 Corporations 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. Not FDIC Insured no Bank Guarantee May Lose Value © 2019 State Street Corporation. All Rights Reserved. State Street Global Advisors ID15279-2047512.13.1.AM.INST 0119 Exp. Date: 01/31/2020 SPD001764
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.