Filed Pursuant To Rule 433

Registration No. 333-209926

December 21, 2016

November 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)
XLF     Financial Select Sector SPDR Fund 95,892,632 314,573 221,508 93,065 3,134,381 2,639,723
SPY     SPDR S&P500 ETF Trust 79,997,808 2,394,117 1,089,413 1,304,704 9,278,335 16,324,520
XOP     SPDR S&P Oil & Gas Exploration & Production ETF 21,429,528 210,488 57,403 153,085 707,105 1,809,485
XLE     Energy Select Sector SPDR Fund 17,512,448 74,978 32,789 42,189 528,824 835,485
XLP     Consumer Staples Select Sector SPDR Fund 16,122,898 21,797 5,561 16,236 134,910 507,956
XLU     Utilities Select Sector SPDR Fund 16,090,235 39,473 12,965 26,508 374,752 644,255
JNK     SPDR Bloomberg Barclays High Yield Bond ETF 12,375,036 1,789 970 819 65,498 138,784
XLI     Industrial Select Sector SPDR Fund 11,697,598 25,052 11,133 13,919 227,158 377,721
XLK     Technology Select Sector SPDR Fund 10,222,697 26,178 6,004 20,174 129,410 525,534
XLV     Health Care Select Sector SPDR Fund 9,669,603 29,135 16,417 12,718 253,847 265,314
KRE     SPDR S&P Regional Banking ETF 8,703,328 16,870 6,957 9,913 174,083 242,150
GLD®     SPDR Gold Shares 8,394,778 167,335 93,914 73,421 3,414,978 1,184,086
XBI     SPDR S&P Biotech ETF 6,492,082 27,358 11,256 16,102 238,344 372,699
XLY     Consumer Discretionary Select Sector SPDR Fund 5,755,451 15,309 6,583 8,726 203,959 298,708
XRT     SPDR S&P Retail ETF 5,518,210 15,602 7,713 7,889 85,820 150,756
XME     SPDR S&P Metals & Mining ETF 5,215,039 23,175 10,629 12,546 129,252 309,960
XLB     Materials Select Sector SPDR Fund 5,147,723 13,812 6,145 7,667 122,803 197,654
KBE     SPDR S&P Bank ETF 4,062,045 4,650 2,347 2,303 49,921 51,955
DIA     SPDR Dow Jones Industrial Average ETF Trust 4,012,714 50,546 30,834 19,712 334,421 296,543
FEZ     SPDR EURO STOXX 50 ETF 2,192,440 3,497 1,903 1,594 56,465 38,730
XHB     SPDR S&P Homebuilders ETF 2,043,314 4,399 1,361 3,038 49,508 135,182
SJNK     SPDR Bloomberg Barclays Short Term High Yield Bond ETF 1,975,536 5 4 1 180 69
XLRE     Real Estate Select Sector SPDR Fund 1,941,938 484 256 228 5,392 5,016
MDY     SPDR S&P MidCap 400 ETF Trust 1,874,429 2,422 1,557 865 61,680 37,793
CWB     SPDR Bloomberg Barclays Convertible Securities ETF 992,509 15 2 13 374 575
SDY     SPDR S&P Dividend ETF 949,493 146 109 37 5,977 2,537
TFI     SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 843,835 6 5 1 100 6
Source: Bloomberg as of 12/14/2016.
SPDR® ETF Options Report

State Street Global Advisors
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)
RWX     SPDR Dow Jones International Real Estate ETF 832,323 2 1 1 114 10
BWX     SPDR Bloomberg Barclays International Treasury Bond ETF 829,886 44 29 15 604 1,348
XES     SPDR S&P Oil & Gas Equipment & Services ETF 768,702 243 72 171 6,950 3,750
CWI     SPDR MSCI ACWI ex-US ETF 649,354 2 0 2 0 28
RWR     SPDR Dow Jones REIT ETF 380,860 33 26 7 964 481
RWO     SPDR Dow Jones Global Real Estate ETF 327,613 1 1 0 44 6
XPH     SPDR S&P Pharmaceuticals ETF 290,201 14 10 4 696 614
XAR     SPDR S&P Aerospace & Defense ETF 244,993 3 2 1 21 2
DWX     SPDR S&P International Dividend ETF 229,136 3 2 1 70 6
HYMB     SPDR Nuveen S&P High Yield Municipal Bond ETF 223,983 5 3 2 46 110
EBND     SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 200,159 1 1 0 21 0
KIE     SPDR S&P Insurance ETF 189,676 355 263 92 3,342 1,493
GNR     SPDR S&P Global Natural Resources ETF 173,753 1 1 0 77 82
GWX     SPDR S&P International Small Cap ETF 140,235 1 1 0 1 32
XSD     SPDR S&P Semiconductor ETF 136,833 7 4 3 79 88
EWX     SPDR S&P Emerging Markets SmallCap ETF 119,795 1 0 1 112 72
Source: Bloomberg as of 12/14/2016.
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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. When 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
© 2016 State Street Corporation. All Rights Reserved.
ID8329 -IBG-22249 1216 Exp. Date: 12/31/2017 SPD001230

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.