Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)

Filed Pursuant To Rule 433

Registration No. 333-233191

May 5, 2020

 

ETF Data April 2020 SPDR ETFs — Listed Capital Markets Group
Options Data
Ticker Name 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put)
SPY SPDR S&P 500 ETF Trust 131,535,840 4,969,467 1,943,412 3,026,055 — 15,894,470 XLF Financial Select Sector SPDR Fund 72,748,904 264,979 111,787 153,193 1,988,824 2,690,329 XLE Energy Select Sector SPDR Fund 45,149,672 112,552 57,889 54,664 971,115 782,489 XLU Utilities Select Sector SPDR Fund 18,104,952 30,826 16,173 14,653 277,489 257,429 XOP SPDR S&P Oil & Gas Exploration & Production ETF 15,018,110 39,658 19,959 19,699 1,025,661 1,326,317 XLP Consumer Staples Select Sector SPDR Fund 14,744,939 19,342 5,781 13,561 123,658 218,799 XLK Technology Select Sector SPDR Fund 14,189,540 33,294 10,044 23,250 162,268 342,564 XLI Industrial Select Sector SPDR Fund 14,059,595 11,029 4,295 6,735 83,727 137,926 XLV Health Care Select Sector SPDR Fund 12,827,729 17,443 7,910 9,533 114,005 191,595 GLD® SPDR Gold Shares 12,425,313 225,816 153,798 72,019 2,201,570 1,154,226 KRE SPDR S&P Regional Banking ETF 10,769,454 26,807 7,270 19,538 97,210 295,704 XLRE Real Estate Select Sector SPDR Fund 10,571,431 777 254 523 5,847 5,663 XLB Materials Select Sector SPDR Fund 8,938,588 3,778 1,477 2,302 63,249 88,341 JNK SPDR Bloomberg Barclays High Yield Bond ETF 8,144,975 2,956 498 2,459 15,190 61,585 XBI SPDR S&P Biotech ETF 7,211,498 35,962 10,307 25,655 120,955 399,049 XRT SPDR S&P Retail ETF 6,956,033 18,791 2,524 16,267 38,614 211,175 DIA SPDR Dow Jones Industrial Average ETF Trust 6,500,727 52,197 21,039 31,159 219,869 283,293 SPLG SPDR Portfolio S&P 500 ETF 5,741,920 17 10 7 208 149 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 5,081,382 31 4 28 132 3,168 XLY Consumer Discretionary Select Sector SPDR Fund 4,600,536 12,824 4,726 8,099 53,970 101,909 BIL SPDR Bloomberg Barclays 1–3 Month T-Bill ETF 4,404,692 856 51 805 2,085 29,157 SPDW SPDR Portfolio Developed World ex-US ETF 3,873,713 2 2 — 49 —
Source: Bloomberg as of 04/30/2020.

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Ticker Name 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put)
FEZ SPDR EURO STOXX 50 ETF 3,100,201 1,419 591 829 24,259 45,938 XLC Communication Services Select Sector SPDR Fund 3,085,244 5,338 914 4,425 20,288 68,883 KBE SPDR S&P Bank ETF 3,007,770 1,389 665 725 17,733 48,773 SPYG SPDR Portfolio S&P 500 Growth ETF 2,998,998 557 292 265 4,080 3,753 SPYV SPDR Portfolio S&P 500 Value ETF 2,862,196 205 120 85 1,406 958 XHB SPDR S&P Homebuilders ETF 2,665,262 3,334 1,858 1,476 32,246 48,532 XME SPDR S&P Metals & Mining ETF 2,581,669 3,993 2,945 1,048 105,932 54,780 SPEM SPDR Portfolio Emerging Markets ETF 2,327,261 9 9 1 179 2 MDY SPDR S&P MidCap 400 ETF Trust 1,345,844 869 629 241 13,235 7,207 CWB SPDR Bloomberg Barclays Convertible Securities ETF 1,178,065 54 31 24 781 712 SPSM SPDR Portfolio S&P 600 Small Cap ETF 1,016,695 24 15 9 380 191 SDY SPDR S&P Dividend ETF 997,798 78 46 32 1,108 597 SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 846,304 25 17 8 20,986 345 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 749,723 412 201 212 2,017 2,271 RWX SPDR Dow Jones International Real Estate ETF 671,431 1 1 1 7 12 HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF 464,372 22 11 11 270 488 RWO SPDR Dow Jones Global Real Estate ETF 447,674 — — 9 1 177 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 433,099 2 1 2 1 132 KIE SPDR S&P Insurance ETF 382,404 33 15 18 406 564 GNR SPDR S&P Global Natural Resources ETF 310,496 34 12 23 88 90 EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 281,696 9 1 9 14 130 EWX SPDR S&P Emerging Markets SmallCap ETF 279,536 3 2 2 66 22 XES SPDR S&P Oil & Gas Equipment & Services ETF 271,324 73 25 49 3,464 654 GWX SPDR S&P International Small Cap ETF 261,941 — — 1 — 4 RWR SPDR Dow Jones REIT ETF 214,071 15 4 12 93 111 XAR SPDR S&P Aerospace & Defense ETF 177,897 28 17 11 183 127 EDIV SPDR S&P Emerging Markets Dividend ETF 145,089 — 1 — 18 20 DWX SPDR S&P International Dividend ETF 129,502 — 1 — 28 —
Source: Bloomberg as of 04/30/2020.

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Ticker Name 20 Day Average 20 Day Average 20 Day Average 20 Day Average Total Open Total Open ETF Volume Total Option Volume Call Option Volume Put Option Volume Interest (Call) Interest (Put)
XPH SPDR S&P Pharmaceuticals ETF 116,148 16 15 2 983 40 XSD SPDR S&P Semiconductor ETF 92,720 9 6 4 100 36 NANR SPDR S&P North American Natural Resources ETF 72,364 — — — 7 — GXC SPDR S&P China ETF 63,300 9 7 3 145 106 XHE SPDR S&P Health Care Equipment ETF 34,441 6 6 1 96 9 GMF SPDR S&P Emerging Asia Pacific ETF 25,916 — — 1 10 13 KCE SPDR S&P Capital Markets ETF 8,321 45 16 30 324 442
Source: Bloomberg as of 04/30/2020.

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ssga.com/etfs
interest rates, and other factors such as weather, disease, pay for its ongoing expenses, the amount of gold represented by Distributor: State Street Global Advisors Funds Distributors, LLC, embargoes, or political and regulatory developments, as well each Share will decline over time to that extent. member FINRA, SIPC, an indirect wholly owned subsidiary of
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Frequent trading of ETFs could significantly increase to a license agreement. The World Gold Council is not responsible ALPS Distributors, Inc., member FINRA, is distributor for SPDR commissions and other costs such that they may o
set any for the content of, and is not liable for the use of or reliance on, S&P 500, SPDR S&P MidCap 400 and SPDR Dow Jones Industrial State Street Global Advisors savings from low fees or costs. this material. World Gold Council is an affiliate of GLD’s sponsor. Average, all unit investment trusts. ALPS Portfolio Solutions One Iron Street, Boston MA 02210 Distributor, Inc., member FINRA, is distributor for Select Sector T: [phone] Important Information Relating to SPDR® Gold Trust (“GLD®”): GLD® is a registered trademark of World Gold Trust Services, LLC SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions The SPDR Gold Trust (“GLD”) has filed a registration used with the permission of World Gold Trust Services, LLC. Distributor, Inc. are not a liated with State State Street Global statement (including a prospectus) with the Securities and Advisors Funds Distributors, LLC. Important Information Exchange Commission (“SEC”) for the offering to which Standard & Poor’s®, S&P® and SPDR® are registered trademarks of this communication relates. Before you invest, you should Standard & Poor’s Financial Services LLC, a division of S&P Global State Street Global Advisors Funds Distributors, LLC is the This material has been created for informational purposes only read the prospectus in that registration statement and (S&P); Dow Jones is a registered trademark of Dow Jones distributor for certain registered products on behalf of the advisor. and does not constitute investment advice and it should not be other documents GLD has filed with the SEC for more Trademark Holdings LLC (Dow Jones); and these trademarks have SSGA Funds Management has retained Nuveen Asset relied on as such. It does not take into account any investor’s complete information about GLD and this o ering. Please been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and Management, LLC as the sub-advisor to certain of such funds. particular investment objectives, strategies, tax status or see the GLD prospectus for a more detailed discussion of sublicensed for certain purposes by State Street Corporation. State
Street Global Advisors Funds Distributors, LLC is not investment horizon. There is no representation or warranty as to the risks of investing in GLD shares. The GLD prospectus is State Street Corporation’s financial products are not sponsored, affiliated with Nuveen Asset Management, LLC. the current accuracy of, or liability for, decisions made based on available by clicking here. You may get these documents endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their this material. All material has been obtained from sources for free by visiting EDGAR on the SEC website at sec.gov or respective a
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Before investing, consider the funds’ believed to be reliable, but its accuracy is not guaranteed. by visiting spdrgoldshares.com. Alternatively, the Trust or parties makes any representation regarding the advisability of
investment objectives, risks, charges and any authorized participant will arrange to send you the investing in such product(s) nor do they have any liability in Investing involves risk, and you could lose money on an prospectus if you request it by calling 866.320.4053. relation thereto. expenses. To obtain a prospectus or summary investment in SPDR® Gold Trust (“GLD®”). prospectus which contains this and other
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ETFs trade like stocks, are subject to investment risk, fluctuate in Investment Company Act of 1940 (the “1940 Act”) and is not Agent for GLD: State Street Global Advisors Funds spdrs.com. Read it carefully. market value and may trade at prices above or below the ETFs’ subject to regulation under the Commodity Exchange Act of 1936 Distributors, LLC, One Iron Street, Boston, MA, 02210; net asset value. Brokerage commissions and ETF expenses will (the “CEA”). As a result, shareholders of the Trust do not have the T: [phone] spdrgoldshares.com. reduce returns. protections associated with ownership of shares in an investment © 2020 State Street Corporation. All Rights Reserved. company registered under the 1940 Act or the protections The trademarks and service marks referenced herein are the ID209856-2047512.30.1.AM.INST 0520 All ETFs are subject to risk, including the possible loss of principal. a orded by the CEA. property of their respective owners. Third party data providers Exp. Date: 05/31/2021 SPD002226 make no warranties or representations of any kind relating to the Investing in commodities entails significant risk and is GLD shares trade like stocks, are subject to investment risk and accuracy, completeness or timeliness of the data and have no Not FDIC Insured not appropriate for all investors. will fluctuate in market value. The value of GLD shares relates liability for damages of any kind relating to the use of such data. No Bank Guarantee directly to the value of the gold held by GLD (less its expenses), May Lose Value Options investing entail a high degree of risk and may not be and fluctuations in the price of gold could materially and BLOOMBERG®, a trademark and service mark of Bloomberg appropriate for all investors. adversely a ect an investment in the shares. The price received Finance L.P. and its a liates, and BARCLAYS®, a trademark and upon the sale of the shares, which trade at market price, may be service mark of Barclays Bank Plc, have each been licensed for Commodities and commodity-index linked securities may be more or less than the value of the gold represented by them. GLD use in connection with the listing and trading of the SPDR a ected by changes in overall market movements, changes in does not generate any income, and as GLD regularly sells gold to Bloomberg Barclays ETFs.

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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 Advisors Funds Distributors, LLC, One Lincoln Street, Attn: SPDR® Gold Shares, 30th Floor, Boston, MA 02111.