SPDR ETF Options Report January 2019

Filed Pursuant To Rule 433

Registration No. 333-217785

February 5, 2019

 

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SPDR® ETF Options Report INVESTMENT PROFESSIONAL USE ONLY January 2019 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 93,170,416 2,906,701 1,170,960 1,735,742 6,345,738 12,539,990 XLF Financial Select Sector SPDR Fund 56,609,332 149,403 64,536 84,868 550,660 1,565,263 XOP SPDR S&P Oil & Gas Exploration & Production ETF 20,523,314 127,377 47,891 79,486 784,008 1,730,134 JNK SPDR Bloomberg Barclays High Yield Bond ETF 19,399,512 15,157 242 14,916 30,863 344,188 XLU Utilities Select Sector SPDR Fund 18,969,570 29,798 14,680 15,118 154,744 203,076 XLP Consumer Staples Select Sector SPDR Fund 16,061,941 13,024 7,405 5,620 134,923 143,004 XLE Energy Select Sector SPDR Fund 15,277,281 32,977 17,667 15,311 324,923 338,306 XLI Industrial Select Sector SPDR Fund 14,305,502 22,420 9,700 12,720 105,789 173,262 XLK Technology Select Sector SPDR Fund 12,258,505 22,015 10,240 11,776 155,210 186,539 XLV Health Care Select Sector SPDR Fund 10,423,776 15,133 6,451 8,683 97,242 126,473 GLD® SPDR Gold Shares 8,972,179 127,842 73,392 54,451 1,446,902 960,705 KRE SPDR S&P Regional Banking ETF 8,471,618 41,995 12,710 29,286 121,728 371,824 XLB Materials Select Sector SPDR Fund 8,192,518 10,082 4,002 6,081 54,436 68,824 XLRE Real Estate Select Sector SPDR Fund 5,618,254 3,409 1,665 1,744 34,677 36,111 XRT SPDR S&P Retail ETF 5,499,201 21,446 5,059 16,387 27,240 161,156 XLY Consumer Discretionary Select Sector SPDR Fund 5,345,357 8,789 4,529 4,260 51,389 64,990 XBI SPDR S&P Biotech ETF 5,039,978 46,879 13,401 33,479 147,979 474,179 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 4,325,737 5 2 4 7 125 DIA SPDR Dow Jones Industrial Average ETF Trust 4,227,698 60,127 31,040 29,088 263,755 225,415 XHB SPDR S&P Homebuilders ETF 3,998,422 9,645 4,340 5,306 46,258 102,010 FEZ SPDR EURO STOXX 50 ETF 3,832,513 10,303 3,312 6,992 67,945 164,048 XLC Communication Services Select Sector SPDR Fund 3,771,378 1,057 516 541 10,589 8,466 KBE SPDR S&P Bank ETF 3,490,926 8,628 674 7,955 11,510 90,203 XME SPDR S&P Metals & Mining ETF 2,780,904 10,701 4,771 5,930 66,229 166,057 SPYV SPDR Portfolio S&P 500 Value ETF 2,213,913 3 2 2 43 11 BIL SPDR Bloomberg Barclays 1–3 Month T-Bill ETF 2,010,193 12 11 1 1,222 218 SPYG SPDR Portfolio S&P 500 Growth ETF 1,993,444 21 14 8 263 173 SPDW SPDR Portfolio Developed World ex-US ETF 1,862,540 1 1 1 Source: Bloomberg as of 01/31/2019.

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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 1,531,256 196 150 47 9,488 1,464 CWB SPDR Bloomberg Barclays Convertible Securities ETF 1,410,086 53 37 17 514 292 MDY SPDR S&P MidCap 400 ETF Trust 1,212,863 1,000 629 371 17,784 9,712 SDY SPDR S&P Dividend ETF 993,462 102 40 62 1,234 1,063 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 874,967 1 1 1 9 159 SPEM SPDR Portfolio Emerging Markets ETF 863,434 7 10 SPLG SPDR Portfolio Large Cap ETF 839,479 22 SPTM SPDR Portfolio Total Stock Market ETF 729,940 1 2 2 RWX SPDR Dow Jones International Real Estate ETF 649,917 1 1 1 7 12 SPSM SPDR Portfolio Small Cap ETF 646,197 1 1 1 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 625,273 2 24 CWI SPDR MSCI ACWI ex-US ETF 592,847 1 1 1 GXC SPDR S&P China ETF 438,011 24 11 13 160 216 KIE SPDR S&P Insurance ETF 342,497 4 3 1 122 240 RWR SPDR Dow Jones REIT ETF 271,456 12 8 4 151 119 EDIV SPDR S&P Emerging Markets Dividend ETF 265,521 2 2 1 66 26 HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 216,144 2 2 48 45 RWO SPDR Dow Jones Global Real Estate ETF 208,675 1 2 GNR SPDR S&P Global Natural Resources ETF 204,575 2 1 2 12 106 GWX SPDR S&P International Small Cap ETF 180,425 2 1 1 6 20 EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 159,575 1 1 25 51 DWX SPDR S&P International Dividend ETF 128,389 2 2 34 1 XAR SPDR S&P Aerospace & Defense ETF 120,035 10 8 2 253 66 EWX SPDR S&P Emerging Markets SmallCap ETF 104,550 3 2 1 94 31 XSD SPDR S&P Semiconductor ETF 83,852 8 3 5 82 26 XPH SPDR S&P Pharmaceuticals ETF 65,532 8 6 3 366 245 GMF SPDR S&P Emerging Asia Pacific ETF 33,436 9 22 NANR SPDR S&P North American Natural Resources ETF 24,177 1 5 KCE SPDR S&P Capital Markets ETF 11,467 4 2 3 90 50 Source: Bloomberg as of 01/31/2019. State Street Global Advisors 2

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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 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. 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 GLD’s sponsor. GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, 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. 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. © 2019 State Street Corporation. All Rights Reserved. ID15676-2047512.14.1.AM.INST 0219 Exp. Date: 01/31/2020 SPD001799 Not FDIC Insured – No Bank Guarantee – May Lose Value State Street Global Advisors

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.