Filed Pursuant To Rule 433
Registration No. 333-167132
August 4, 2010
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SPDR® Gold Shares
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As of 12/31/2009
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INDEXTICKER
N/A
INTRADAY NAVTICKER
GLDIV
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FUND INCEPTION DATE
11/12/2004
OBJECTIVE
The objective of the SPDR® GoldTrustt is
for the Shares to reflect the performance
of the price of gold bullion, less the
Trusts expenses.
Ordinary brokerage commissions may apply.
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ABOUT GOLD BULLION
A transcendent store value, gold is accepted the world over
and may be an effective wealth preservation tool. Most importantly, due to its low-to-negative correlations with
traditional asset classes as well as with major economic
variables, gold is a proven asset diversifier. When used
in
the construction of diversified portfolios, gold
potentially helps reduce overall risk and may ultimately
help protect investor wealth. |
PERFORMANCE
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TOTAL RETURN |
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LONDON PM FIX (%) |
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NAV (%) |
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MARKET VALUE (%) |
QTD |
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9.21 |
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10.76 |
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8.56 |
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YTD |
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25.04 |
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27.12 |
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23.99 |
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ANNUALIZED |
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1 YEAR |
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25.04 |
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27.12 |
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23.99 |
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3 YEAR |
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19.81 |
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19.70 |
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19.27 |
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5 YEAR |
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N/A |
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N/A |
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N/A |
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SINCE FUND INCEPTION |
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19.22 |
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19.10 |
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18.61 |
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(%) |
GROSS EXPENSE RATIO‡ |
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0.40 |
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Performance quoted represents past performance, which is no guarantee of future results.
Investment return and principal value will fluctuate, so you may have a gain or loss when
shares are sold. Current performance may be higher or lower than that quoted. Visit
spdrs.com for most recent month-end performance.
ADVANTAGES
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EASILY ACCESSIBLE
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Listed on the NYSE
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TRANSPARENT
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There exists a 24-hour global
over-the-counter market. for gold bullion, which provides readily available market data. The price,
holdings and net asset value of Gold Shares, as well as market data for the
overall gold bullion market, can be tracked daily at: www. spdrgoldshares.com |
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SECURE
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The Gold Shares
represent fractional,
undivided interests
in the Trust, the
primary asset of
which is allocated
(or secured) gold.
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COST EFFECTIVE
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For many
investors, the
transaction costs
related to the Gold
Shares are expected
to be lower than the
costs associated with
the purchase, storage
and insurance of
physical gold.
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FLEXIBLE
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Gold Shares are listed on the New York Stock
Exchange Area (NYSE Area: GLD) and trade the same way ordinary stocks do. It
is possible to buy or sell Gold Shares continuously throughout the trading
day on the exchange at prices established by the market. Additionally, it is
possible to place market, limit and stop-loss orders of Gold Shares. |
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LIQUID
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Structure allows
for baskets to be
created and redeemed
according to market
demand, creating
liquidity. |
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‡ |
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World Gold Trust Services, LLc as the Sponsor and State Street Global Markets, LLc
as the Marketing Agent have agreed to reduce the fees payable to them from the assets of the
Trust to the extent required so that the estimated ordinary expenses of the Trust do not
exceed an amount equal to 0.40% per annum of the daily net asset value during the period
ending seven years from the date of the Trust Indenture, 11/12/2004, or upon the earlier
termination of the Marketing Agent Agreement. |
This material must be delivered with a prospectus. The prospectus contains material
information about the Trust and its Shares which is material and/or which may be important to
you. You should read the entire prospectus, including risk factors and the information
incorporated by references therein, before making an investment decision about the Shares.
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SPDR® Gold Shares
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As of 12/31/2009 |
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KEY FACTS |
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BLOOMBERG
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SPDR |
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TICKER SYMBOL
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GLD |
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CUSIP
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78463V107 |
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EXCHANGE
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New York Stock Exchange |
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SHORT SALE ELIGIBLE
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Yes |
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MARGIN ELIGIBLE
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Yes |
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MANAGEMENT |
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SPONSOR
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World Gold Trust Services, LLC |
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CUSTODIAN
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HSBC Bank USA, N.A. |
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TRUSTEE
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The Bank of New York |
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MARKETING AGENT
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State Street Global Markets, LLC |
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The SPDR trademark is used under license from The McGraw-Hill companies, Inc. No financial
product offered by SPDR® Gold Trust, 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.
Statement Regarding Forward-Looking Statements
The SPDR® Gold Trust has filed a registration statement (including a prospectus) with the SEC with
respect to the SPDR® Gold Shares to which this
communication relates. Before you invest in SPDR® Gold Shares, 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 Issuer and SPDR® Gold
Shares. You may get these documents for free by
visiting EDGAR on the SEC website at www.sec.gov. Alternately, the Issuer or any Authorized
Participant in respect of the SPDR® Gold Shares 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.
This document/materials includes forward-looking statements which generally relate to future
events or future performance. In some cases, you can identify forward-looking statements by
terminology such as may, will, should, expect, plan, anticipate, believe, estimate,
predict, potential or the negative of these terms or other comparable terminology. All
statements (other than statements of historical fact) included in this document that address
activities, events or developments that will or may occur in the future, including such matters as
changes in commodity prices and market conditions (for gold and the Shares), the Trusts
operations, the Sponsors plans and references to the Trusts future success and other similar
matters are forward-looking statements. Investors are cautioned that these statements are only
projections. Actual events or results may differ materially. These statements are based upon
certain assumptions and analyses the Sponsor made based on its perception of historical trends,
current conditions and expected future developments, as well as other factors believed appropriate
in the circumstances. Whether or not actual results and developments will conform to the Sponsors
expectations and predictions, however, is subject to a number of risks and uncertainties,
including, but not limited to fluctuations in the price of gold; reductions in the amount of gold
represented by each Share due to the payment of Trust expenses and the impact of the termination of
the fee reduction under the Trust Indenture; purchasing activity in the gold market associated with
the purchase of Baskets from the Trust; the lack of experience of the Sponsor and its management in
operating an investment vehicle such as the Trust; unanticipated operational or trading problems;
the lack of 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 lack of a market for the Shares; competition from other methods of investing in gold;
the impact of large-scale distress sales of gold in times of crisis; the impact of substantial
sales of gold by the official sector; the effect of a widening of interest rate differentials
between the cost of money and the cost of gold; the loss, damage, theft or restrictions on access
to the Trusts gold; the lack of adequate sources of recovery if the Trusts gold is lost, damaged,
stolen or destroyed, including a lack of insurance; the failure of gold bullion allocated to the
Trust to meet the London Good Delivery Standards; the failure of sub custodians to exercise due
care in the safekeeping of the Trusts gold; the limited
ability of the Trustee and the Custodian to take legal action against sub-custodians; the
insolvency of the Custodian; the Trusts obligation to reimburse the underwriting of the Trusts
IPO and the Marketing Agent for certain liabilities in the event the Sponsor fails to indemnify
them; competing claims over ownership of intellectual property rights related to the Trust; and
other factors identified in the Risk Factors section of the Prospectus filed with the SEC and in
other filings made by the Trust from time to time with the SEC .
Consequently, all the forward-looking statements made in this material are qualified by these
cautionary statements, and there can be no assurance that the actual results or developments the
Sponsor or Marketing Agent anticipates will be realized or, even if substantially realized, that
they will result in the expected consequences to, or have the expected effects on, the Trusts
operations or the value of the Shares. Neither the Sponsor, Marketing Agent nor any other person
assumes responsibility for the accuracy or completeness of the forward-looking statements. Neither
the Trust, Marketing Agent nor the Sponsor is under a duty to update any of the forward-looking
statements to conform such statements to actual results or to reflect a change in the Sponsors or
Marketing Agents expectation or projections. The value of the 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 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 CE A-regulated instruments or
commodity pools.
For more information: State Street Global Markets, LLC, One Lincoln Street, Boston, MA 02111
866.320.4053 www.spdrgoldshares.com Marketed by State Street Global Markets, LLC, an
affiliate of State Street Global Advisors.
† On May 21, 2008, the Trust changed its name to SPDR Gold Trust. Prior to this
date it was known as street TRACKS Gold Trust.
Not
FDIC Insured No Bank Guarantee May Lose Value
Date of First Use: January 2010
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Expiration Dates: 04/20/2010 |
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20100118/08:00
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ETF-GLD |
First
issued: January 1, 2010. This Free Writing Prospectus is being filed in reliance on Rule
164(b).
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.