FWP
Filed Pursuant To Rule 433
Registration No. 333-153150
February 23, 2009
MEDIA CONTACTS:
Marie McGehee
State Street Corporation
617-664-1898
Troy Mayclim
River Communications
914-686-5599
SPDR Gold Shares Reaches More than $30 Billion Milestone
Boston, February 23, 2009 State Street Global Markets LLC, an affiliate of State Street
Global Advisors (State Street) (NYSE: STT), and World Gold Trust Services, LLC, a wholly-owned
subsidiary of the World Gold Council (WGC), today announced that assets in the SPDR® Gold Trust
(NYSE Arca: GLD) have surpassed $30 billion, making it the second largest ETF by assets in the
world.1
As economic uncertainty climbs, an increasing number of investors are adding more gold to
their portfolios, says Natalie Dempster, Head of Investment, North America, for WGC. Assets in
the trust have increased by more than 60 percent in the last six months. This growth underscores
golds safe haven appeal and its recognition as an excellent portfolio diversifier among a wide
array of financial advisors and investors.
Launched by World Gold Trust Services and State Street in November 2004, GLD was the first
US commodity based exchanged-traded security and quickly emerged as one of the fastest growing
exchange-traded products.
In providing convenient, low-cost access to a previously hard-to-reach corner of the market, GLD
has helped change the way many investors manage their portfolio amid increasing market
volatility, says said James Ross, senior managing director at State Street Global Advisors.
State Street Global Advisors is one of the largest ETF providers in the United States and
globally. As of December 31, 2008, U.S. assets under management for SPDR ETFs totaled more than
$159 billion.
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Largest ETF by assets is State Streets SPDR® S&P 500® ETF. Source: Bloomberg, 2/13/09. |
About World Gold Trust Services, LLC.
World Gold Trust Services, LLC is a wholly owned subsidiary of the World Gold Council (WGC) which
is a commercially-driven marketing organization that is funded by the worlds leading gold mining
companies. A global advocate for gold, the WGC aims to promote the demand for gold in all its
forms through marketing activities in major international markets. For further information, visit
www.gold.org.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of State Street Corporation (NYSE:
STT), delivers investment strategies and integrated solutions to clients worldwide across every
asset class, investment approach and style. With $1.4 trillion in assets under management at
December 31, 2008, State Street Global Advisors has investment centers in Boston, Hong Kong,
London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 27
cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.
About State Street Global Markets, LLC
State Street Global Markets LLC is a wholly-owned subsidiary of State Street Corporation. The
company is a registered broker-dealer with the Securities and Exchange Commission and is a member
of the National Association of Securities Dealers, Inc and the Securities Investor Protection
Corporation. The company is engaged as a securities broker-dealer that comprises several classes
of services, including principal transactions, agency transactions, investment servicing, and
mutual fund distribution.
Note to Editors: SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international and domestic asset
classes. SPDR ETFs provide professional investors with the flexibility to select investments that
are precisely aligned to their investment strategy. Recognized as the industry pioneer, State
Streetin partnership with the American Stock Exchangecreated the first ETF in 1993 (SPDR S&P
500 ETF Ticker SPY). Since then, weve sustained our place as an industry innovator through the
introduction of many ground-breaking products, including first-to-market successes with gold,
international real estate, international fixed income and sector ETFs. SPDR ETFs are managed or
marketed by SSgA or SSgA Funds Management, Inc, a registered investment adviser and wholly owned
subsidiary of State Street Bank and Trust Company.
State Street Global Markets, LLC, member FINRA, SIPC is the marketing agent for SPDR® Gold
Trust.
ETFs trade like stocks, are subject to investment risk and will fluctuate in market value.
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STATE STREET CORPORATION |
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Frequent trading of ETFs could significantly increase commissions and other costs such that
they may offset any savings from low fees or costs.
The value of the SPDR Gold shares relates directly to the value of the gold held by the Trust
(less Trust expenses) and fluctuations in the price of gold could materially adversely affect an
investment in the Shares.
Investors should be aware that there is no assurance that gold will maintain its long-term value
in terms of purchasing power in the future. In the event that the price of gold declines, the
Sponsor expects the value of an investment in the Shares to similarly decline.
Shareholders in the SPDR Gold Trust will not have the protections associated with ownership of
shares in an investment company registered under the Investment Company Act of 1940 or the
protections afforded by the Commodity Exchange Act of 1936. The Trust is not registered as an
investment company under the Investment Company Act of 1940 and is not required to register under
such act. Neither the Sponsor nor the Trustee is subject to regulation by the CFTC. Shareholders
will not have the regulatory protections provided to investors in CEA-regulated instruments or
commodity pools.
The SPDR® trademark is used under license from The McGraw-Hill Companies, Inc. No
financial product offered by World Gold Trust Services, LLC, or its affiliates is sponsored,
endorsed, sold or promoted by The McGraw-Hill Companies, Inc. (McGraw-Hill). McGraw-Hill makes
no representation or warranty, express or implied, to the owners of any financial product or any
member of the public regarding the advisability of investing in securities generally or in
financial products particularly or the ability of the index on which financial products are based
to track general stock market performance. McGraw-Hill is not responsible for and has not
participated in any determination or calculation made with respect to issuance or redemption of
financial products. McGraw-Hill has no obligation or liability in connection with the
administration, marketing or trading of financial products.
WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL McGRAW-HILL HAVE ANY LIABILITY FOR ANY
SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, LOST
PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
For more information or to obtain a prospectus for SPDR ETFs, call 1-866-787-2257 or visit
www.spdrs.com. Before investing, consider the funds investment objectives, risks, charges and
expenses. Read the prospectus carefully.
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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 Markets, LLC, One Lincoln
Street, Attn: SPDR® Gold, 30th Floor, Boston, MA 02111.
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