SPDR ETF Options Report

Filed Pursuant To Rule 433

Registration No. 333-209926

February 13, 2017

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INVESTMENT PROFESSIONAL USE ONLY
SPDR® ETF Options Report January 2017
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)
SPY SPDR S&P500 ETF Trust 72,413,648 2,552,150 967,473 1,584,677 6,966,810 14,818,360
XLF Financial Select Sector SPDR Fund 60,720,680 249,280 110,282 138,998 2,054,784 2,783,601
XLP Consumer Staples Select Sector SPDR Fund 13,281,882 8,622 3,876 4,746 70,908 241,496
XLU Utilities Select Sector SPDR Fund 12,724,104 26,852 13,831 13,021 191,985 223,723
XOP SPDR S&P Oil & Gas Exploration & Production ETF 12,188,928 71,892 27,706 44,186 480,927 952,151
XLE Energy Select Sector SPDR Fund 11,847,616 42,630 19,289 23,341 323,526 521,338
XLI Industrial Select Sector SPDR Fund 11,019,250 31,946 6,212 25,734 125,961 429,093
XLV Health Care Select Sector SPDR Fund 10,181,003 22,210 8,356 13,854 125,769 208,819
JNK SPDR Bloomberg Barclays High Yield Bond ETF 8,992,201 597 47 550 2,845 43,260
GLD® SPDR Gold Shares 7,971,638 137,623 95,128 42,495 2,349,021 727,119
XLK Technology Select Sector SPDR Fund 7,767,886 24,059 13,318 10,741 92,572 185,599
KRE SPDR S&P Regional Banking ETF 7,063,943 25,106 9,283 15,823 102,226 217,839
XRT SPDR S&P Retail ETF 6,515,424 23,765 7,295 16,470 108,789 179,156
XBI SPDR S&P Biotech ETF 5,391,731 23,581 11,628 11,953 124,279 218,495
XLB Materials Select Sector SPDR Fund 5,071,685 6,922 3,692 3,230 103,073 121,214
XLY Consumer Discretionary Select Sector SPDR Fund 4,503,726 8,943 4,696 4,247 84,910 174,168
DIA SPDR Dow Jones Industrial Average ETF Trust 3,983,040 46,124 20,411 25,713 219,928 282,966
XME SPDR S&P Metals & Mining ETF 3,801,842 9,522 3,084 6,438 42,955 131,484
KBE SPDR S&P Bank ETF 2,873,342 2,478 786 1,692 21,150 37,401
FEZ SPDR EURO STOXX 50 ETF 2,040,985 8,411 1,249 7,162 54,285 154,192
XLRE Real Estate Select Sector SPDR Fund 1,788,793 151 36 115 3,919 7,687
XHB SPDR S&P Homebuilders ETF 1,695,847 2,814 1,399 1,415 25,623 45,089
RWX SPDR Dow Jones International Real Estate ETF 1,447,515 3 1 2 14 25
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 1,439,835 2 1 1 161 79
MDY SPDR S&P MidCap 400 ETF Trust 1,315,567 1,676 737 939 33,162 44,278
SDY SPDR S&P Dividend ETF 984,928 127 39 88 4,827 1,636
BWX SPDR Bloomberg Barclays International Treasury Bond ETF 786,879 20 2 18 94 57
Source: Bloomberg as of 2/08/2017.
State Street Global Advisors
SPDR

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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)
CWB SPDR Bloomberg Barclays Convertible Securities ETF 696,913 13 4 9 354 328
XES SPDR S&P Oil & Gas Equipment & Services ETF 641,915 382 89 293 2,184 5,578
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 549,968 — — — 99 2
RWO SPDR Dow Jones Global Real Estate ETF 358,916 1 — 1 55 7
RWR SPDR Dow Jones REIT ETF 336,310 17 15 2 305 92
XPH SPDR S&P Pharmaceuticals ETF 323,192 44 38 6 1,115 209
KIE SPDR S&P Insurance ETF 257,196 10 7 3 263 125
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 167,139 8 2 6 45 202
DWX SPDR S&P International Dividend ETF 141,543 2 2 — 38 18
GNR SPDR S&P Global Natural Resources ETF 132,637 2 1 1 18 15
GWX SPDR S&P International Small Cap ETF 126,228 3 1 2 19 21
XAR SPDR S&P Aerospace & Defense ETF 123,232 3 2 1 171 21
XSD SPDR S&P Semiconductor ETF 91,649 25 21 4 153 93
EDIV SPDR S&P Emerging Markets Dividend ETF 68,449 1 1 — 5 —
EWX SPDR S&P Emerging Markets SmallCap ETF 63,954 — — — 108 17
GXC SPDR S&P China ETF 53,309 2 1 1 56 199
GMF SPDR S&P Emerging Asia Pacific ETF 18,586 1 1 — 6 —
GUR SPDR S&P Emerging Europe ETF 17,329 1 — 1 1 4
KCE SPDR S&P Capital Markets ETF 8,302 2 2 — 153 33
Source: Bloomberg as of 2/08/2017.
State Street Global Advisors 2

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SPDR® ETF Options Report
ssga.com | spdrs.com | spdrgoldshares.com
State Street Global Advisors One Lincoln Street, Boston, MA 02111-2900. T: +1 617 786 3000.
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.
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.
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
© 2017 State Street Corporation. All Rights Reserved.
State Street Global Advisors ID8774-IBG-22869 0217 Exp. Date: 02/28/2018 SPD001258

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.