SPDR Trading Report January 2018

Filed Pursuant To Rule 433

Registration No. 333-217785

February 26, 2018

 

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SPDR® ETF Trading Report January 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 1/12/2017 US Core SPY SPDR S&P 500® ETF 0.01 0.00 0.01 95,094,953 26,512,743,127 82,102,984 10,625 11,622 2,962,250 3,129,805 249 0.50 141,317,524 MDY SPDR S&P MidCap 400® ETF 0.07 0.02 0.07 997,716 354,109,754 987,317 2,232 2,022 792,181 698,925 128 0.50 1,874,143 SLY SPDR S&P 600 Small Cap ETF 0.33 0.24 0.32 22,930 3,128,966 17,970 1,502 1,534 204,948 205,970 110 0.50 10,116 DIA SPDR Dow Jones Industrial Average 0.02 0.01 0.02 4,867,661 1,256,581,944 3,827,387 1,118 1,411 288,612 350,450 127 0.50 9,266,444 ETF Trust SPTM SPDR Portfolio Total Stock Market ETF 0.02 0.05 0.02 821,954 28,341,274 523,771 9,508 7,835 327,836 263,961 164 0.50 362,812 SPSM SPDR Portfolio Small Cap ETF 0.02 0.07 0.02 424,709 13,152,024 364,964 5,735 4,400 177,613 132,660 115 0.60 100,041 SPLG SPDR Portfolio Large Cap ETF 0.01 0.04 0.01 754,209 24,463,747 538,437 10,414 7,526 337,830 238,123 259 0.50 131,387 SPMD SPDR Portfolio Mid Cap ETF 0.01 0.03 0.01 369,625 12,671,361 295,543 2,588 2,265 88,717 76,217 179 0.50 128,052 SPYX SPDR S&P 500 Fossil Fuel Reserves 0.11 0.16 0.10 18,182 1,230,081 19,305 590 602 39,914 39,479 250 0.40 20,862 Free ETF SHE SPDR SSGA Gender Diversity Index ETF 0.07 0.09 0.06 43,263 3,203,539 17,627 3,441 3,323 254,806 244,672 75 0.50 22,121 US Style SPYG SPDR Portfolio S&P 500 Growth ETF 0.01 0.04 0.01 908,727 31,466,858 510,698 5,091 4,163 176,301 141,042 193 0.60 42,586 SPYV SPDR Portfolio S&P 500 Value ETF 0.01 0.04 0.01 766,879 24,316,156 447,926 5,583 4,640 177,037 144,443 175 0.40 206,581 MDYG SPDR S&P 400 Mid Cap Growth ETF 0.14 0.09 0.14 133,331 21,534,547 72,579 760 745 122,748 118,589 97 0.50 18,259 MDYV SPDR S&P 400 Mid Cap Value ETF 0.09 0.09 0.09 155,321 16,330,758 79,265 634 697 66,659 72,474 91 0.50 21,545 SLYG SPDR S&P 600 Small Cap Growth ETF 0.45 0.19 0.49 34,552 8,069,321 26,897 1,411 1,594 329,525 369,601 58 0.60 10,165 SLYV SPDR S&P 600 Small Cap Value ETF 0.14 0.11 0.15 111,136 14,270,596 81,960 1,005 1,031 129,052 131,844 78 0.60 28,497 US Sector XLY Consumer Discretionary Select Sector 0.01 0.01 0.01 5,083,895 535,004,543 4,591,854 5,120 6,568 538,829 652,334 156 0.60 11,966,224 SPDR Fund XLP Consumer Staples Select Sector 0.01 0.02 0.01 12,241,050 702,815,199 10,816,658 54,607 57,312 3,134,988 3,225,519 386 0.40 40,176,126 SPDR Fund XLE Energy Select Sector SPDR Fund 0.01 0.01 0.01 14,129,334 1,074,035,389 12,603,789 14,205 16,782 1,079,722 1,205,787 218 0.90 24,257,637 Source: NYSE, Nasdaq and BATS as of 01/31/2018. 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 1/12/2017 US Sector (cont’d) XLF Financial Select Sector SPDR Fund 0.01 0.03 0.01 52,530,713 1,533,044,173 58,840,535 435,814 612,367 12,717,053 17,060,545 1,204 0.50 61,814,089 XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 8,435,541 739,768,920 7,197,749 11,029 11,728 967,243 991,016 228 0.80 24,245,333 XLI Industrial Select Sector SPDR Fund 0.01 0.01 0.01 11,632,882 915,986,903 9,678,774 15,598 16,869 1,228,187 1,273,441 260 0.50 28,613,521 XLB Materials Select Sector SPDR Fund 0.01 0.02 0.01 6,094,946 383,305,405 4,928,083 15,295 16,291 961,903 989,352 232 0.60 17,735,116 XLK Technology Select Sector SPDR Fund 0.01 0.02 0.01 12,741,217 857,934,271 11,302,173 36,420 40,374 2,452,523 2,629,962 342 0.70 26,649,707 XLU Utilities Select Sector SPDR Fund 0.01 0.02 0.01 19,917,695 1,011,072,722 14,994,374 33,744 29,353 1,712,845 1,561,580 339 0.70 52,918,493 XLRE Real Estate Select Sector SPDR Fund 0.01 0.03 0.01 2,118,034 67,519,266 1,833,885 49,517 50,709 1,578,602 1,658,691 449 0.80 3,147,410 US Industry KBE SPDR S&P Bank ETF 0.01 0.02 0.01 2,436,898 121,161,641 2,341,680 4,814 4,683 239,352 223,754 172 0.60 6,479,077 KCE SPDR S&P Capital Markets ETF 0.08 0.14 0.10 29,984 1,794,436 19,435 2,072 2,577 124,009 150,213 84 0.70 17,834 KIE SPDR S&P Insurance ETF 0.02 0.07 0.03 379,528 11,832,250 332,689 6,525 5,052 203,450 187,126 357 0.60 977,701 KRE SPDR S&P Regional Banking ETF 0.01 0.02 0.01 5,494,454 338,780,279 7,023,795 3,016 3,576 185,967 211,377 151 0.60 19,964,462 XBI SPDR S&P Biotech ETF 0.05 0.06 0.05 5,389,857 487,396,447 4,483,774 1,466 1,399 132,570 119,950 151 1.60 29,064,677 XNTK SPDR NYSE Technology ETF 0.11 0.12 0.11 25,938 2,325,531 23,131 683 768 61,238 66,363 114 0.90 15,814 XHB SPDR S&P Homebuilders ETF 0.01 0.03 0.01 1,569,686 71,623,152 1,532,639 6,168 6,878 281,446 299,537 192 0.80 8,493,333 XME SPDR S&P Metals & Mining ETF 0.01 0.04 0.01 4,558,709 174,341,756 3,478,506 4,730 6,195 180,875 218,064 226 1.40 8,822,251 XES SPDR S&P Oil & Gas Equipment & 0.02 0.10 0.02 938,963 17,276,789 720,280 9,400 10,286 172,960 175,788 285 1.50 553,139 Services ETF XITK SPDR FactSet Innovative Technology ETF 0.18 0.20 0.14 2,393 198,211 2,193 378 377 31,306 30,458 236 0.80 2,615 XOP SPDR S&P Oil & Gas Exploration & 0.01 0.03 0.01 15,973,730 617,263,108 15,783,474 10,165 11,285 392,776 413,595 257 1.20 46,987,893 Production ETF XPH SPDR S&P Pharmaceuticals ETF 0.04 0.08 0.04 106,048 4,784,485 116,865 2,704 2,424 122,004 105,008 201 0.90 559,284 XRT SPDR S&P Retail ETF 0.01 0.02 0.01 6,119,382 287,661,581 6,490,429 6,474 6,816 304,343 301,335 201 1.00 26,747,567 XSD SPDR S&P Semiconductor ETF 0.05 0.07 0.05 118,851 8,796,212 125,630 1,297 1,776 95,991 128,103 133 1.20 391,943 XHE SPDR S&P Health Care Equipment ETF 0.19 0.28 0.20 22,820 1,543,275 22,348 527 684 35,641 45,103 104 0.60 26,063 XTL SPDR S&P Telecom ETF 0.16 0.00 0.15 55,828 3,886,878 26,340 444 770 30,911 53,230 122 0.60 11,776 Source: NYSE, Nasdaq and BATS as of 01/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors 2


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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 1/12/2017 US Industry (cont’d) XAR SPDR S&P Aerospace & Defense ETF 0.06 0.07 0.06 143,151 12,411,496 122,368 2,242 2,148 194,381 179,809 89 0.70 2,312,185 XHS SPDR S&P Health Care Services ETF 0.19 0.29 0.18 5,669 367,488 5,536 845 1,377 54,773 83,846 130 0.90 15,221 XSW SPDR S&P Software & Services ETF 0.24 0.33 0.23 8,226 596,584 5,049 3,209 3,347 232,749 237,369 119 0.60 10,601 XTH SPDR S&P Technology Hardware ETF 0.19 0.24 0.19 1,394 106,583 946 2,468 2,630 188,753 203,141 104 0.90 4,347 XTN SPDR S&P Transportation ETF 0.06 0.00 0.05 42,523 2,871,790 36,239 1,280 1,599 86,438 103,391 97 0.80 21,514 XWEB SPDR S&P Internet ETF 0.25 0.00 0.26 681 48,361 494 4,217 4,290 299,491 306,092 42 1.00 1,714 XKII SPDR Kensho Intelligent Structures ETF 0.07 0.23 0.07 7,775 237,294 7,654 5,209 5,196 158,979 158,374 220 0.50 6,611 XKST SPDR Kensho Smart Mobility ETF 0.07 0.22 0.07 5,597 171,619 5,780 6,314 6,294 193,587 192,345 192 0.80 160 XKFS SPDR Kensho Future Security ETF 0.06 0.20 0.06 8,911 272,118 8,726 5,470 5,477 167,054 166,939 148 0.50 6,166 Real Estate Equities RWR SPDR Dow Jones REIT ETF 0.04 0.04 0.04 261,996 23,574,644 169,925 1,680 1,678 151,166 154,108 122 0.80 67,009 RWO SPDR Dow Jones Global Real Estate ETF 0.06 0.12 0.05 301,450 14,540,812 228,040 999 958 48,192 46,358 150 0.60 80,532 RWX SPDR Dow Jones International Real 0.01 0.03 0.01 682,484 28,248,876 685,616 5,891 6,091 243,828 244,310 212 0.50 2,074,103 Estate ETF Global Equities DGT SPDR Global Dow ETF 0.50 0.56 0.48 2,149 191,833 2,281 484 643 43,197 54,771 176 0.50 3,190 GII SPDR S&P Global Infrastructure ETF 0.07 0.14 0.09 19,791 1,035,934 20,775 554 590 28,996 30,993 172 0.50 7,551 GNR SPDR S&P Global Natural Resources ETF 0.08 0.16 0.09 207,849 10,726,151 149,015 873 1,119 45,056 55,189 173 0.70 41,118 CWI SPDR MSCI ACWI ex-US ETF 0.02 0.05 0.02 338,749 13,818,828 210,491 8,491 8,297 346,348 330,387 337 0.60 7,342 ACIM SPDR MSCI ACWI IMI ETF 0.56 0.68 0.44 4,943 404,089 4,076 502 461 41,039 36,640 52 0.50 3,744 EFAX SPDR MSCI EAFE Fossil Fuel Reserves 0.25 0.32 0.25 1,366 103,560 1,216 480 527 36,379 38,850 37 0.50 3,423 Free ETF SPDW SPDR Portfolio World ex- US ETF 0.01 0.04 0.02 1,192,283 39,296,874 768,879 18,263 24,343 601,948 783,601 367 0.50 33,447 GWX SPDR S&P International Small Cap ETF 0.05 0.14 0.06 156,576 5,780,366 140,689 821 766 30,311 27,752 172 0.50 210,569 LOWC SPDR MSCI ACWI Low Carbon 0.21 0.23 0.21 2,459 231,822 2,767 235 243 22,158 22,028 119 0.50 3,960 Target ETF Source: NYSE, Nasdaq and BATS as of 01/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors 3


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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 1/12/2017 International Developed Equities — Region/Country FEZ SPDR EURO STOXX 50 ETF 0.01 0.02 0.01 3,191,975 137,026,256 2,792,122 73,411 74,176 3,151,534 3,099,073 374 0.60 5,992,151 FEU SPDR STOXX Europe 50 ETF 0.07 0.17 0.06 143,172 5,333,666 93,241 1,038 1,036 38,666 37,793 160 0.50 4,642 SMEZ SPDR EURO STOXX Small Cap ETF 0.14 0.21 0.17 9,062 608,707 5,496 474 538 31,839 35,024 128 0.60 10,138 Emerging Market Equities SPEM SPDR Portfolio Emerging Markets ETF 0.03 0.07 0.03 626,929 25,341,107 446,786 1,747 2,003 70,614 77,696 164 0.80 744,089 GMF SPDR S&P Emerging Asia Pacific ETF 0.18 0.17 0.19 23,474 2,608,837 22,912 479 489 53,236 51,863 66 0.70 43,942 EEMX SPDR MSCI Emerging Markets Fossil 0.53 0.72 0.41 1,608 118,294 1,774 232 252 17,068 17,615 107 0.70 3,440 Fuel Reserves Free ETF EWX SPDR S&P Emerging Markets Small 0.06 0.12 0.06 80,746 4,365,850 64,741 710 732 38,390 38,159 143 0.70 119,951 Cap ETF GXC SPDR S&P China ETF 0.15 0.13 0.12 114,473 13,490,179 95,432 363 339 42,780 37,914 72 1.10 62,618 XINA SPDR MSCI China A Shares IMI ETF 0.10 0.41 0.10 5,360 137,365 5,760 237 269 6,074 6,574 248 1.00 414 Advanced Beta — Income EDIV SPDR S&P Emerging Markets 0.08 0.24 0.08 75,903 2,612,341 60,212 728 753 25,058 24,465 154 0.70 28,080 Dividend ETF DWX SPDR S&P International Dividend ETF 0.04 0.09 0.04 104,401 4,399,851 97,000 1,352 1,293 56,973 53,349 168 0.40 7,047 SDY SPDR S&P Dividend ETF 0.02 0.02 0.03 692,624 66,473,732 523,476 1,670 1,814 160,270 172,384 163 0.40 155,314 WDIV SPDR S&P Global Dividend ETF 0.09 0.12 0.08 13,766 994,606 11,142 527 525 38,076 37,055 138 0.40 1,406 SPYD SPDR Portfolio S&P 500 High 0.01 0.03 0.01 254,857 9,635,288 183,569 2,945 2,183 111,350 81,928 213 0.50 6,047 Dividend ETF Advanced Beta — Multi Factor QCAN SPDR MSCI Canada 0.05 0.09 0.05 15,950 988,645 6,258 777 809 48,158 49,972 272 0.40 1,053 StrategicFactors ETF QDEU SPDR MSCI Germany 0.06 0.08 0.06 1,135 77,700 1,308 996 944 68,186 62,427 104 0.70 264 StrategicFactors ETF QJPN SPDR MSCI Japan StrategicFactors ETF 0.26 0.32 0.26 1,101 89,968 2,383 455 474 37,169 37,403 40 0.50 621 QGBR SPDR MSCI United Kingdom 0.16 0.29 0.16 690 37,921 928 924 892 50,783 47,579 82 0.50 1,316 StrategicFactors ETF QEFA SPDR MSCI EAFE StrategicFactors ETF 0.29 0.43 0.30 29,154 1,964,263 20,998 1,400 1,168 94,332 76,936 243 0.50 5,697 Source: NYSE, Nasdaq and BATS as of 01/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors 4


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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 1/12/2017 Advanced Beta — Multi Factor (cont’d) QWLD SPDR MSCI World StrategicFactors ETF 0.18 0.23 0.18 1,878 146,815 707 980 981 76,607 76,361 117 0.60 666 QEMM SPDR MSCI Emerging Markets 0.45 0.67 0.35 12,133 803,964 9,231 395 456 26,173 29,462 125 0.70 30,448 StrategicFactors ETF QUS SPDR MSCI USA StrategicFactors ETF 0.12 0.15 0.11 18,152 1,458,534 10,641 247 239 19,846 18,824 82 0.40 6,165 Advanced Beta — Single Factor SPYB SPDR S&P 500 Buyback ETF 0.14 0.21 0.14 6,042 400,923 3,166 4,114 3,985 273,005 258,427 92 0.60 5,315 VLU SPDR S&P 1500 Value Tilt ETF 0.32 0.30 0.44 445 47,442 740 2,039 1,692 217,255 171,467 39 0.70 31 MMTM SPDR S&P 1500 Momentum Tilt ETF 0.53 0.44 0.54 680 80,858 710 626 670 74,488 76,990 36 0.60 3,657 LGLV SPDR SSGA US Large Cap Low Volatility 0.11 0.12 0.13 5,891 542,590 4,801 304 292 28,001 26,759 83 0.40 11,024 Index ETF SMLV SPDR SSGA US Small Cap Low Volatility 0.25 0.27 0.26 28,012 2,575,837 29,001 2,039 1,890 187,506 177,017 66 0.40 14,785 Index ETF ONEY SPDR Russell 1000 Yield Focus ETF 0.24 0.31 0.16 1,786 127,846 987 427 406 30,569 29,049 73 0.60 255 ONEO SPDR Russell 1000 Momentum 0.17 0.23 0.17 33,902 2,527,024 19,042 586 557 43,680 41,491 137 0.50 36,085 Focus ETF ONEV SPDR Russell 1000 Low Volatility 0.15 0.20 0.15 1,520 113,059 1,359 550 557 40,898 41,413 95 0.50 3,970 Focus ETF Advanced Beta — Fixed Income DWFI SPDR Dorsey Wright Fixed Income 0.05 0.20 0.05 63,689 1,629,650 43,299 5,237 3,264 134,016 83,359 527 0.46 6,301 Allocation ETF CBND SPDR Bloomberg Barclays Issuer Scored 0.10 0.30 0.10 2,004 64,416 3,110 432 500 13,889 16,110 74 0.20 875 Corporate Bond ETF Fixed Income — US Government BIL SPDR Bloomberg Barclays 1–3 Month 0.01 0.01 0.01 397,454 36,354,379 448,541 343,243 651,912 31,396,437 47,739,516 670 0.00 220,584 T-Bill ETF ITE SPDR Bloomberg Barclays Intermediate 0.06 0.09 0.06 104,846 6,197,996 88,311 3,236 4,953 191,312 294,258 349 0.10 8,803 Term Treasury ETF SPTL SPDR Portfolio Long Term Treasury ETF 0.02 0.06 0.03 395,456 14,180,955 242,129 6,400 6,518 229,504 235,561 250 0.50 128,693 Source: NYSE, Nasdaq and BATS as of 01/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors 5


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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 1/12/2017 Fixed Income — US Government (cont’d) IPE SPDR Bloomberg Barclays TIPS ETF 0.06 0.11 0.05 171,853 9,617,917 121,336 2,478 4,064 138,694 228,234 306 0.10 51,478 SPTS SPDR Portfolio Short Term Treasury ETF 0.01 0.04 0.01 162,253 4,834,509 129,393 4,520 4,130 134,696 123,446 260 0.00 18,887 TIPX SPDR Bloomberg Barclays 1–10 Year 0.03 0.14 0.03 135,720 2,611,538 109,747 1,653 1,335 31,804 25,792 289 0.10 89,431 TIPS ETF Fixed Income — US Investment Grade Corporates SPSB SPDR Portfolio Short Term Corporate 0.01 0.03 0.01 1,492,329 45,343,741 1,052,206 18,741 17,593 569,352 535,531 346 0.00 129,147 Bond ETF SPIB SPDR Portfolio Intermediate Term 0.01 0.04 0.02 1,301,168 44,306,948 860,457 7,834 7,887 266,748 269,578 225 0.10 151,651 Corporate Bond ETF SPLB SPDR Portfolio Long Term Corporate 0.02 0.08 0.02 378,640 10,739,374 214,753 7,465 5,997 211,707 169,775 370 0.40 79,516 Bond ETF FLRN SPDR Bloomberg Barclays Investment 0.01 0.04 0.01 697,284 21,432,399 586,081 8,159 8,102 250,808 249,055 265 0.00 45,021 Grade Floating Rate ETF Fixed Income — High Yield JNK SPDR Bloomberg Barclays High Yield 0.01 0.03 0.01 15,127,067 557,306,674 12,380,792 90,515 92,251 3,334,573 3,393,914 613 0.20 33,269,427 Bond ETF SJNK SPDR Bloomberg Barclays Short Term 0.01 0.04 0.01 2,462,749 68,184,027 2,080,081 28,923 30,535 800,878 844,598 433 0.10 566,003 High Yield Bond ETF CJNK SPDR ICE BofAML Crossover Corporate 0.15 0.55 0.21 40,437 1,068,870 34,775 3,914 1,818 103,447 48,177 293 0.30 4,296 Bond ETF Fixed Income — US Mortgage MBG SPDR Bloomberg Barclays Mortgage 0.07 0.25 0.05 63,503 1,648,237 57,630 4,785 2,289 124,219 59,697 175 0.10 4,125 Backed Bond ETF Fixed Income — US Aggregate SPAB SPDR Portfolio Aggregate Bond ETF 0.01 0.05 0.02 1,571,495 44,880,896 867,328 28,298 20,858 808,191 597,373 414 0.10 509,547 Fixed Income — Hybrids CWB SPDR Bloomberg Barclays Convertible 0.01 0.02 0.01 1,292,501 67,822,679 838,649 2,584 2,138 135,582 111,048 149 0.50 463,539 Securities ETF PSK SPDR Wells Fargo Preferred Stock ETF 0.05 0.11 0.05 218,906 9,523,427 117,417 1,923 2,334 83,651 102,509 197 0.30 218,965 Source: NYSE, Nasdaq and BATS as of 01/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors 6


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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 1/12/2017 Fixed Income — Municipal SHM SPDR Nuveen Bloomberg Barclays Short 0.01 0.03 0.01 759,111 36,464,038 655,894 6,041 6,597 290,210 316,920 335 0.00 155,099 Term Municipal Bond ETF TFI SPDR Nuveen Bloomberg Barclays 0.02 0.05 0.02 677,476 32,960,513 539,692 2,065 2,219 100,462 108,221 130 0.10 473,986 Municipal Bond ETF HYMB SPDR Nuveen S&P High Yield Municipal 0.15 0.27 0.15 95,290 5,307,866 90,714 804 705 44,783 39,247 160 0.20 6,659 Bond ETF Fixed Income — International WIP SPDR Citi International Government 0.09 0.15 0.10 109,158 6,388,773 61,982 521 549 30,494 31,754 157 0.30 446,952 Inflation-Protected Bond ETF BWZ SPDR Bloomberg Barclays Short Term 0.10 0.31 0.10 81,829 2,670,231 46,815 1,171 1,197 38,210 38,663 184 0.30 426,757 International Treasury Bond ETF BWX SPDR Bloomberg Barclays International 0.02 0.06 0.02 631,524 18,171,528 528,182 1,534 1,486 44,133 42,306 177 0.30 501,273 Treasury Bond ETF IBND SPDR Bloomberg Barclays International 0.10 0.28 0.09 92,453 3,302,662 66,719 832 862 29,719 30,411 194 0.40 89,687 Corporate Bond ETF EBND SPDR Bloomberg Barclays Emerging 0.03 0.09 0.04 299,152 9,060,994 206,840 1,569 1,180 47,525 35,164 167 0.40 1,108,549 Markets Local Bond ETF Commodity GLD® SPDR Gold Trust 0.01 0.01 0.01 8,802,172 1,113,268,460 7,301,639 11,176 11,887 1,413,540 1,464,360 198 0.50 17,196,292 GLDW SPDR® Long Dollar Gold Trust 0.16 0.14 0.16 1,071 129,105 582 1,128 1,034 135,935 124,018 132 0.30 424 NANR SPDR S&P North American Natural 0.05 0.14 0.06 33,895 1,246,838 31,574 2,356 1,782 86,654 62,655 255 0.70 11,256 Resources ETF Active — Asset Allocation RLY SPDR SSGA Multi-Asset Real 0.08 0.31 0.10 30,901 835,409 21,213 4,776 5,117 129,143 135,242 311 0.40 10,283 Return ETF INKM SPDR SSGA Income Allocation ETF 0.07 0.19 0.07 6,086 206,534 5,694 9,638 10,591 327,114 357,023 159 0.30 6 GAL SPDR SSGA Global Allocation ETF 0.08 0.19 0.07 22,791 896,104 16,634 11,000 10,918 432,520 421,107 219 0.40 16,294 Source: NYSE, Nasdaq and BATS as of 01/31/2018. Past performance is not a guarantee of future results. State Street Global Advisors 7


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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 1/12/2017 Active — Equity SYE SPDR MFS Systematic Core Equity ETF 0.18 0.24 0.18 4,078 314,837 3,238 339 450 26,174 33,989 64 0.50 8,785 SYG SPDR MFS Systematic Growth 0.19 0.23 0.18 7,427 610,825 7,834 361 398 29,689 31,760 99 0.60 2,841 Equity ETF SYV SPDR MFS Systematic Value Equity ETF 0.30 0.41 0.17 3,413 233,678 2,263 555 490 38,001 32,864 106 0.50 2,340 Active — Fixed Income TOTL SPDR DoubleLine Total Return 0.02 0.05 0.02 450,022 21,775,905 392,628 4,141 4,035 200,383 196,061 292 0.10 11,585 Tactical ETF EMTL SPDR DoubleLine Emerging Markets 0.12 0.25 0.13 10,607 532,814 9,931 1,370 1,520 68,757 77,008 225 0.16 4,656 Fixed Income ETF STOT SPDR DoubleLine Short Duration Total 0.06 0.12 0.05 11,781 580,462 8,232 1,284 977 63,309 48,243 350 0.11 9,577 Return Tactical ETF SRLN SPDR Blackstone / GSO Senior Loan ETF 0.02 0.03 0.01 517,828 24,548,212 341,799 6,270 6,564 297,261 310,674 248 0.10 20,580 ULST SPDR SSGA Ultra Short Term Bond ETF 0.05 0.13 0.06 13,246 535,064 8,550 3,210 3,128 129,652 126,152 410 0.10 5,215 Source: NYSE, Nasdaq and BATS as of 01/31/2018. 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 8


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SPDR® ETF Trading Report ssga.com | spdrs.com State Street Global Advisors One Lincoln Street, Boston, MA 02111-2900. 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. 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 detailed discussion of the risks of investing in GLD shares. When distributed electronically, 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.    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. For more information, please contact the Marketing Agent for GLD: State Street Global Advisors Funds Distributors, LLC, One Lincoln Street, Boston, MA, 02111; 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 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, and 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 State Street Global Advisors    © 2018 State Street Corporation. All Rights Reserved. ID12162-2034464.1.1.NA.RTL 0218 Exp. Date: 02/28/2019 SPD001606


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.