Filed Pursuant To Rule 433

Registration No. 333-217785

May 30, 2017

April 2017 SPDR® ETF Trading Report Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 04/13/2017 US Core SPY SPDR S&P 500® ETF 0.01 0.00 0.01 81,557,629 20,071,445,175 79,281,918 13,702 15,798 3,228,328 3,715,848 270 0.40 176,561,678 MDY SPDR S&P MidCap 400® ETF 0.07 0.02 0.07 1,396,358 452,728,071 1,270,931 1,564 1,862 487,561 580,963 116 0.60 2,326,161 SLY SPDR S&P 600 Small Cap ETF 0.42 0.35 0.41 86,477 10,578,542 68,609 2,383 2,220 284,816 269,086 117 0.80 4,101 DIA SPDR Dow Jones Industrial Average ETF Trust 0.02 0.01 0.02 3,016,846 636,502,049 3,408,524 1,894 2,715 391,338 560,539 130 0.40 5,648,133 THRK SPDR Russell 3000 ETF 0.69 0.39 0.70 5,475 1,301,312 8,724 2,582 2,407 453,683 422,356 120 0.40 2,821 TWOK SPDR Russell 2000® ETF 0.25 0.31 0.26 14,829 1,234,267 22,702 6,058 5,599 488,881 452,343 128 0.80 1,759 ONEK SPDR Russell 1000 ETF 0.34 0.31 0.42 3,412 434,677 4,339 2,986 2,962 330,879 325,790 104 0.20 8,833 SMD SPDR S&P 1000 ETF 0.68 0.75 0.69 3,226 328,634 7,362 2,022 1,678 183,537 152,883 152 0.60 2,027 SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.27 0.47 0.22 9,235 573,492 8,075 2,815 4,015 161,187 228,574 148 0.30 11,458 SHE SPDR SSGA Gender Diversity Index ETF 0.04 0.06 0.06 5,595 403,233 3,936 7,342 7,546 478,772 492,452 100 0.30 10,849 US Style SPYG SPDR S&P 500 Growth ETF 0.23 0.20 0.24 32,620 4,148,394 29,173 2,865 2,756 326,696 311,345 113 0.30 17,762 SPYV SPDR S&P 500 Value ETF 0.22 0.19 0.26 21,273 2,436,631 21,266 3,893 3,008 436,172 339,573 102 0.50 10,318 MDYG SPDR S&P 400 Mid Cap Growth ETF 0.35 0.25 0.39 15,213 2,233,285 18,808 3,318 2,651 462,861 368,356 75 0.50 14,702 MDYV SPDR S&P 400 Mid Cap Value ETF 0.25 0.26 0.30 25,068 2,464,743 32,167 7,102 5,542 680,727 532,143 95 0.70 1,010 SLYG SPDR S&P 600 Small Cap Growth ETF 0.61 0.29 0.61 35,885 8,626,162 31,241 2,784 2,512 584,139 529,329 57 0.80 7,287 SLYV SPDR S&P 600 Small Cap Value ETF 0.29 0.25 0.29 58,171 6,944,329 52,712 1,516 1,586 176,887 186,561 94 0.80 26,075 US Sector XLY Consumer Discretionary Select Sector SPDR Fund 0.01 0.01 0.01 4,059,558 387,463,375 4,011,741 8,318 9,870 732,899 857,999 169 0.40 9,515,955 XLP Consumer Staples Select Sector SPDR Fund 0.01 0.02 0.01 7,718,067 491,463,614 9,822,524 65,519 76,509 3,606,166 4,164,385 397 0.30 36,903,921 XLE Energy Select Sector SPDR Fund 0.01 0.01 0.01 14,855,800 1,087,104,499 14,937,119 12,666 13,085 878,260 921,838 186 0.60 33,693,090 XLF Financial Select Sector SPDR Fund 0.01 0.04 0.01 81,930,484 2,014,110,325 75,471,874 858,986 876,598 20,160,401 20,985,756 1,077 0.80 92,747,067 XLV Health Care Select Sector SPDR Fund 0.01 0.01 0.01 6,401,761 571,821,306 8,605,592 14,860 17,259 1,105,138 1,275,095 232 0.30 19,851,899 XLI Industrial Select Sector SPDR Fund 0.01 0.02 0.01 9,638,199 700,663,030 10,181,811 23,655 27,991 1,546,564 1,826,133 296 0.50 31,645,352 Source: ArcaVision. Data is as of April 30, 2017. Past performance is not a guarantee of future results.

SPDR® ETF Trading Report 2 State Street Global Advisors Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 04/13/2017 US Sector (cont’d) XLB Materials Select Sector SPDR Fund 0.01 0.02 0.01 4,018,801 222,947,770 4,510,465 23,158 25,104 1,216,258 1,312,688 232 0.50 11,957,240 XLK Technology Select Sector SPDR Fund 0.01 0.02 0.01 8,328,853 479,365,864 7,971,038 75,422 86,576 4,019,238 4,559,958 385 0.30 28,784,233 XLU Utilities Select Sector SPDR Fund 0.01 0.02 0.01 11,893,632 682,142,744 14,078,918 25,885 27,562 1,336,701 1,403,457 313 0.40 58,186,628 XLRE Real Estate Select Sector SPDR Fund 0.01 0.03 0.01 1,915,404 61,897,068 2,182,448 42,587 54,975 1,365,765 1,733,362 358 0.40 4,007,391 US Industry KBE SPDR S&P Bank ETF 0.01 0.03 0.01 2,754,516 124,684,018 2,787,522 5,712 6,440 242,132 280,204 173 1.00 7,051,890 KCE SPDR S&P Capital Markets ETF 0.14 0.30 0.12 4,251 215,883 10,699 7,484 8,783 345,910 416,402 90 0.50 5,919 KIE SPDR S&P Insurance ETF 0.05 0.05 0.04 131,051 11,388,643 122,388 1,644 1,767 140,529 151,980 117 0.60 373,079 KRE SPDR S&P Regional Banking ETF 0.01 0.02 0.01 7,843,699 432,353,609 7,977,794 4,315 4,817 231,586 265,706 170 1.10 25,243,448 XBI SPDR S&P Biotech ETF 0.03 0.05 0.03 3,895,459 276,864,727 4,353,334 1,256 1,259 86,162 86,607 154 0.80 28,204,465 MTK SPDR Morgan Stanley Technology ETF 0.14 0.20 0.26 21,900 1,566,739 22,298 1,419 3,190 97,826 215,804 94 0.50 20,507 XHB SPDR S&P Homebuilders ETF 0.01 0.03 0.01 1,207,768 50,125,434 1,507,490 10,944 12,462 407,883 455,112 177 0.60 7,808,242 XME SPDR S&P Metals & Mining ETF 0.01 0.04 0.01 3,861,006 124,964,598 4,064,996 5,237 5,231 158,210 164,463 190 1.20 8,952,881 XES SPDR S&P Oil & Gas Equipment & Services ETF 0.02 0.11 0.02 716,301 13,847,819 742,728 6,191 6,312 118,743 126,997 244 1.50 936,952 XITK SPDR FactSet Innovative Technology ETF 0.10 0.16 0.23 5,326 377,386 5,123 373 644 24,003 40,804 256 0.60 2,977 XOP SPDR S&P Oil & Gas Exploration & Production ETF 0.01 0.03 0.01 17,996,878 673,762,510 15,965,194 12,444 12,248 454,082 455,626 232 1.20 56,437,347 XPH SPDR S&P Pharmaceuticals ETF 0.04 0.09 0.03 95,288 4,065,126 161,780 2,476 2,225 104,190 92,449 254 0.70 1,027,494 XRT SPDR S&P Retail ETF 0.01 0.03 0.01 5,133,818 234,069,491 6,314,409 6,180 6,492 261,599 277,273 195 0.90 21,962,747 XSD SPDR S&P Semiconductor ETF 0.04 0.07 0.05 100,124 6,017,546 97,154 1,726 2,242 102,369 134,027 186 1.00 240,318 XHE SPDR S&P Health Care Equipment ETF 0.21 0.37 0.20 18,363 1,107,230 23,559 3,038 2,455 171,009 134,534 147 0.60 26,056 XTL SPDR S&P Telecom ETF 0.23 0.33 0.20 12,403 901,814 20,601 4,849 4,472 340,982 315,857 175 0.70 2,804 XAR SPDR S&P Aerospace & Defense ETF 0.06 0.10 0.07 80,327 5,931,571 125,797 2,442 7,856 164,640 531,144 113 0.60 2,389,033 XHS SPDR S&P Health Care Services ETF 0.08 0.14 0.09 9,632 583,193 13,800 801 707 46,282 40,589 163 0.40 24,706 XSW SPDR S&P Software & Services ETF 0.12 0.21 0.14 4,591 296,368 5,433 1,984 2,245 116,024 130,749 145 0.50 2,773 XTH SPDR S&P Technology Hardware ETF 0.49 0.00 0.52 214 14,226 697 5,197 6,381 358,177 435,567 60 1.30 7,074 XTN SPDR S&P Transportation ETF 0.07 0.12 0.07 26,986 1,475,223 44,994 2,713 2,749 143,925 147,924 226 0.90 21,691 XWEB SPDR S&P Internet ETF 0.22 0.37 0.24 69 5,230 174 4,011 4,100 241,984 245,959 3 1.00 642 Source: ArcaVision. Data is as of April 30, 2017. Past performance is not a guarantee of future results.

State Street Global Advisors Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 04/13/2017 Real Estate Equities RWR SPDR Dow Jones REIT ETF 0.05 0.05 0.04 206,132 19,922,382 290,211 2,144 2,498 201,279 232,564 127 0.50 48,494 RWO SPDR Dow Jones Global Real Estate ETF 0.04 0.08 0.03 611,104 29,441,299 417,901 2,877 3,355 136,629 158,423 190 0.40 292,013 RWX SPDR Dow Jones International Real Estate ETF 0.01 0.03 0.01 631,600 29,626,168 717,104 9,618 10,069 364,330 376,379 378 0.40 1,594,072 Global Equities DGT SPDR Global Dow ETF 0.41 0.55 0.37 4,015 328,630 4,080 472 444 34,952 32,598 106 0.50 327 GII SPDR S&P Global Infrastructure ETF 0.29 0.60 0.27 33,272 1,651,487 22,971 1,199 1,201 58,535 57,432 220 0.40 11,596 GNR SPDR S&P Global Natural Resources ETF 0.08 0.18 0.07 99,058 4,234,075 124,431 1,151 1,067 48,802 45,508 282 0.60 46,530 CWI SPDR MSCI ACWI ex-US ETF 0.01 0.04 0.01 165,031 5,751,124 282,051 5,683 8,068 194,245 271,569 292 0.40 72,086 ACIM SPDR MSCI ACWI IMI ETF 0.22 0.32 0.28 5,912 437,564 9,845 409 476 28,327 32,425 43 0.40 3,603 EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.78 1.19 0.63 160 15,789 274 1,158 1,094 75,606 70,169 23 0.70 169 GWL SPDR S&P World ex-US ETF 0.03 0.10 0.02 372,946 10,364,241 236,535 7,078 8,224 196,131 225,091 462 0.40 102,845 GWX SPDR S&P International Small Cap ETF 0.05 0.15 0.04 130,240 4,153,956 121,418 690 894 21,714 27,839 217 0.30 427,135 LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.13 0.16 0.13 682 73,784 957 980 1,057 78,596 83,905 23 0.30 922 International Developed Equities — Region/Country FEZ SPDR EURO STOXX 50 ETF 0.01 0.03 0.01 4,932,391 183,735,311 3,272,647 88,201 77,177 3,242,269 2,765,252 478 0.70 6,643,548 FEU SPDR STOXX Europe 50 ETF 0.04 0.11 0.03 53,716 1,772,885 40,238 2,678 2,082 86,794 66,124 432 0.60 19,125 SMEZ SPDR EURO STOXX Small Cap ETF 0.11 0.21 0.11 1,806 112,559 2,274 1,156 1,252 60,008 63,126 141 0.70 1,544 HFEZ SPDR EURO STOXX 50 Currency Hedged ETF 0.16 0.41 0.17 6,631 281,227 4,618 6,259 3,679 242,599 138,588 390 0.60 20,396 HDWX SPDR S&P International Dividend Currency Hedged ETF 0.95 2.16 0.47 165 18,478 971 513 533 22,598 22,834 53 1.60 340 Emerging Market Equities GMM SPDR S&P Emerging Markets ETF 0.15 0.24 0.19 75,166 4,933,448 39,367 659 597 42,334 38,107 113 0.50 17,615 GML SPDR S&P Emerging Latin America ETF 0.54 1.05 0.47 5,963 325,755 3,916 972 590 49,912 29,842 89 0.90 59,922 GAF SPDR S&P Emerging Middle East & Africa ETF 0.77 1.29 1.09 898 65,362 835 269 314 15,981 18,670 45 1.40 791 GUR SPDR S&P Emerging Europe ETF 0.21 0.72 0.21 9,354 294,585 12,626 818 961 23,624 27,571 143 0.90 4,516 GMF SPDR S&P Emerging Asia Pacific ETF 0.18 0.21 0.16 21,235 1,914,025 19,925 703 644 60,929 54,566 102 0.40 55,271 Source: ArcaVision. Data is as of April 30, 2017. Past performance is not a guarantee of future results.

State Street Global Advisors Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 04/13/2017 Emerging Market Equities (cont’d) EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.01 1.73 0.77 302 22,470 201 1,888 1,899 110,410 110,085 36 1.00 1,122 EWX SPDR S&P Emerging Markets Small Cap ETF 0.06 0.13 0.07 195,850 12,124,093 106,944 1,677 1,385 76,924 62,644 201 0.40 113,877 GXC SPDR S&P China ETF 0.09 0.11 0.10 83,730 7,931,522 75,762 594 643 49,243 52,456 128 0.50 68,952 RBL SPDR S&P Russia ETF 0.10 0.51 0.10 11,964 276,865 17,389 978 1,392 19,130 27,520 251 1.10 5,801 XINA SPDR MSCI China A Shares IMI ETF 0.25 1.18 0.24 207 10,713 132 237 225 5,205 4,923 2 1.50 1,265 International Sector Equities IPD SPDR S&P International Consumer Discretionary Sector ETF 0.30 0.78 0.28 2,841 124,737 2,404 746 653 28,535 24,579 171 0.50 4,315 IPS SPDR S&P International Consumer Staples Sector ETF 0.21 0.48 0.21 1,597 89,706 3,323 689 717 29,875 30,179 57 0.40 4,535 IPW SPDR S&P International Energy Sector ETF 0.10 0.57 0.10 10,191 197,449 16,611 951 1,002 17,261 18,086 133 0.70 6,472 IPF SPDR S&P International Financial Sector ETF 0.22 1.05 0.25 1,722 39,972 1,756 1,097 1,967 22,620 40,245 184 0.90 3,994 IRY SPDR S&P International Health Care Sector ETF 0.13 0.28 0.14 5,814 312,423 9,693 1,106 1,085 51,938 50,236 191 0.60 3,526 IPN SPDR S&P International Industrial Sector ETF 0.14 0.43 0.14 4,142 145,364 5,916 1,094 1,179 35,796 37,528 143 0.50 6,335 IRV SPDR S&P International Materials Sector ETF 0.12 0.56 0.13 1,894 53,232 36,523 1,355 1,568 29,444 34,026 74 0.60 6,286 IPK SPDR S&P International Technology Sector ETF 0.21 0.54 0.21 12,124 491,860 11,272 1,254 1,417 48,781 54,583 107 0.60 6,989 IST SPDR S&P International Telecommunications Sector ETF 0.14 0.59 0.12 11,047 232,722 8,591 1,724 1,390 41,152 32,846 159 0.40 262 IPU SPDR S&P International Utilities Sector ETF 0.08 0.51 0.07 5,838 107,038 5,214 1,155 1,141 18,619 17,914 222 0.50 4,237 Advanced Beta — Income EDIV SPDR S&P Emerging Markets Dividend ETF 0.06 0.19 0.07 63,996 1,952,135 76,497 725 876 21,293 25,807 166 0.60 117,368 DWX SPDR S&P International Dividend ETF 0.05 0.12 0.03 152,771 5,920,598 167,578 1,195 2,965 45,589 111,692 174 0.40 88,046 SDY SPDR S&P Dividend ETF 0.02 0.02 0.02 543,487 48,887,415 643,207 3,138 3,751 276,395 329,600 172 0.40 617,589 WDIV SPDR S&P Global Dividend ETF 0.08 0.12 0.08 20,720 1,911,306 14,766 494 474 31,947 30,526 122 0.50 43,248 SPYD SPDR S&P 500 High Dividend ETF 0.06 0.18 0.06 35,370 1,333,918 47,771 7,090 6,818 250,348 241,289 183 0.40 11,410 Source: ArcaVision. Data is as of April 30, 2017. Past performance is not a guarantee of future results.

State Street Global Advisors Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 04/13/2017 Advanced Beta — Multi Factor QAUS SPDR MSCI Australia StrategicFactors ETF 0.04 0.07 0.04 6,947 397,497 5,912 886 926 46,134 47,596 207 0.50 26 QCAN SPDR MSCI Canada StrategicFactors ETF 0.06 0.10 0.06 1,250 77,011 6,498 953 890 51,986 48,639 131 0.60 1,900 QDEU SPDR MSCI Germany StrategicFactors ETF 0.06 0.11 0.06 8,246 480,606 2,861 1,000 992 58,050 56,911 44 0.80 225 QJPN SPDR MSCI Japan StrategicFactors ETF 0.27 0.39 0.26 1,365 291,525 1,008 557 502 38,511 34,678 4 0.60 454 QESP SPDR MSCI Spain StrategicFactors ETF 0.04 0.08 0.04 1,425 83,656 1,244 1,006 1,030 46,578 45,372 116 0.80 454 QGBR SPDR MSCI United Kingdom StrategicFactors ETF 0.18 0.35 0.17 9,804 46,952 3,259 1,067 1,014 53,137 49,554 113 0.60 345 QEFA SPDR MSCI EAFE StrategicFactors ETF 0.36 0.62 0.35 11,358 696,238 13,446 2,425 2,375 141,232 135,921 91 0.60 4,572 QWLD SPDR MSCI World StrategicFactors ETF 0.63 0.93 0.62 99 9,167 104 678 674 46,023 44,686 23 0.60 194 QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.44 0.78 0.49 7,825 458,187 9,752 1,596 1,608 89,169 88,327 142 0.50 145,561 QUS SPDR MSCI USA StrategicFactors ETF 0.10 0.15 0.08 1,378 119,213 6,525 160 239 10,918 16,372 70 0.40 1,722 Advanced Beta — Single Factor SPYB SPDR S&P 500 Buyback ETF 0.11 0.21 0.19 1,076 92,512 1,343 7,119 8,173 386,989 446,328 48 0.70 10,886 VLU SPDR S&P 1500 Value Tilt ETF 0.41 0.45 0.59 383 52,969 696 867 609 78,585 55,693 46 0.50 1,290 MMTM SPDR S&P 1500 Momentum Tilt ETF 0.64 0.65 0.55 465 57,520 1,504 1,471 914 144,129 91,117 33 0.70 985 LGLV SPDR SSGA US Large Cap Low Volatility Index ETF 0.43 0.51 0.49 3,762 365,236 4,192 719 648 60,720 54,717 95 0.40 4,020 SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.30 0.32 0.34 7,329 720,503 13,226 2,511 2,626 229,430 241,093 152 0.70 15,028 ONEY SPDR Russell 1000 Yield Focus ETF 0.36 0.51 0.39 1,925 146,643 1,052 5,228 5,105 362,091 355,563 176 0.60 502 ONEO SPDR Russell 1000 Momentum Focus ETF 0.37 0.55 0.29 4,328 332,342 4,474 2,242 3,479 153,039 236,537 133 0.40 40,974 ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.35 0.51 0.37 1,822 159,731 1,472 5,306 5,599 366,432 385,939 125 0.50 29,441 Advanced Beta — Fixed Income CBND SPDR Bloomberg Barclays Issuer Scored Corporate Bond ETF 0.13 0.40 0.15 4,084 150,795 9,173 416 467 13,320 14,874 85 0.20 5,549 Fixed Income — US Government BIL SPDR Bloomberg Barclays 1–3 Month T-Bill ETF 0.01 0.02 0.01 934,283 43,808,527 747,528 2,000,275 1,859,267 91,432,570 84,987,095 388 0.00 320,841 ITE SPDR Bloomberg Barclays Intermediate Term Treasury ETF 0.07 0.11 0.07 36,228 2,235,149 46,641 3,723 3,242 223,566 193,872 441 0.10 2,445 TLO SPDR Bloomberg Barclays Long Term Treasury ETF 0.11 0.15 0.09 68,098 4,880,089 72,336 1,551 1,914 109,671 132,889 244 0.50 52,347 IPE SPDR Bloomberg Barclays TIPS ETF 0.07 0.12 0.07 54,392 3,183,356 54,786 3,857 3,447 219,309 195,445 255 0.20 29,654 Source: ArcaVision. Data is as of April 30, 2017. Past performance is not a guarantee of future results.

State Street Global Advisors Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 04/13/2017 Fixed Income — US Government (cont’d) SST SPDR Bloomberg Barclays Short Term Treasury ETF 0.06 0.18 0.05 46,031 1,436,313 53,740 4,715 5,565 142,204 167,451 424 0.10 42,827 SIPE SPDR Bloomberg Barclays 0–5 Year TIPS ETF 0.19 0.98 0.22 1,048 27,947 2,426 545 921 10,796 18,291 46 0.30 2,204 TIPX SPDR Bloomberg Barclays 1–10 Year TIPS ETF 0.09 0.47 0.09 7,880 170,882 16,887 870 852 17,113 16,733 180 0.10 68,737 Fixed Income — US Investment Grade Corporates SCPB SPDR Bloomberg Barclays Short Term Corporate Bond ETF 0.01 0.03 0.01 268,989 8,402,378 469,832 28,284 39,548 865,773 1,208,982 307 0.00 75,156 ITR SPDR Bloomberg Barclays Intermediate Term Corporate Bond ETF 0.02 0.06 0.02 568,607 19,686,249 445,677 11,899 9,630 407,184 328,383 484 0.10 306,298 LWC SPDR Bloomberg Barclays Long Term Corporate Bond ET 0.13 0.33 0.11 26,107 1,089,188 44,776 950 860 38,485 34,417 196 0.30 15,761 FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF 0.02 0.07 0.02 293,235 9,137,420 358,288 16,608 10,417 510,032 319,698 276 0.00 189,040 Fixed Income — High Yield JNK SPDR Bloomberg Barclays High Yield Bond ETF 0.01 0.03 0.01 8,001,315 351,135,257 10,587,103 101,269 97,950 3,731,763 3,597,704 432 0.20 35,211,893 SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF 0.01 0.04 0.01 1,592,353 45,172,923 2,018,424 36,850 38,711 1,029,589 1,079,263 339 0.10 175,774 CJNK SPDR BofA Merrill Lynch Crossover Corporate Bond ETF 0.23 0.86 0.24 5,529 160,064 15,112 998 1,045 26,247 27,358 172 0.30 2,768 Fixed Income — US Mortgage MBG SPDR Bloomberg Barclays Mortgage Backed Bond ETF 0.07 0.25 0.09 54,734 1,854,729 63,838 1,008 4,356 26,551 114,389 237 0.10 3,351 Fixed Income — US Aggregate BNDS SPDR Bloomberg Barclays Aggregate Bond ETF 0.06 0.11 0.07 80,877 4,762,627 80,868 4,735 5,445 271,505 310,692 414 0.10 3,196 Fixed Income — Hybrids CWB SPDR Bloomberg Barclays Convertible Securities ETF 0.01 0.03 0.01 646,355 35,550,871 653,340 1,366 1,645 65,705 78,631 137 0.30 1,518,809 PSK SPDR Wells Fargo Preferred Stock ETF 0.07 0.15 0.07 36,126 1,664,483 54,711 5,415 2,818 240,968 123,710 235 0.20 46,781 Fixed Income — Municipal SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF 0.01 0.03 0.01 385,097 18,896,372 413,647 14,810 10,930 718,433 528,793 364 0.00 255,499 TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 0.03 0.06 0.03 316,433 15,481,518 361,180 3,439 4,091 165,725 195,509 225 0.10 269,984 HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.11 0.19 0.10 114,245 6,609,602 96,047 534 617 30,347 34,861 119 0.20 81,728 Source: ArcaVision. Data is as of April 30, 2017. Past performance is not a guarantee of future results.

State Street Global Advisors Ticker ETF Name Spread ($) Spread (%) Spread ($) vs. 3 mo. trailing Consolidated Avg. Daily Volume (shares) Consolidated Avg. Daily Volume ($) Consolidated Avg. Daily Volume (shares) vs. 3 mo. trailing Avg. Quote Size (shares) Avg. Quote Size (Shares) vs. 3 mo. trailing Avg. Quote Size ($) Avg. Quote Size ($) vs. 3 mo. trailing Avg. Trade Size Daily Volatility (%) Short Interest as of 04/13/2017 Fixed Income — International WIP SPDR Citi International Government Inflation-Protected Bond ETF 0.24 0.43 0.25 85,878 4,790,380 54,871 494 456 27,303 24,902 164 0.30 18,409 BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF 0.11 0.36 0.11 24,068 756,721 29,327 660 818 20,024 24,630 173 0.30 55,885 BWX SPDR Bloomberg Barclays International Treasury Bond ETF 0.03 0.12 0.03 820,062 22,482,978 607,403 6,011 3,040 160,854 80,560 363 0.30 822,671 IBND SPDR Bloomberg Barclays International Corporate Bond ETF 0.09 0.28 0.10 84,839 2,676,898 69,206 698 603 21,833 18,771 135 0.30 4,728 EBND SPDR Bloomberg Barclays Emerging Markets Local Bond ETF 0.11 0.38 0.11 25,394 731,063 30,456 1,271 1,121 35,931 31,399 413 0.30 31,130 Commodity GLD® SPDR Gold Trust 0.01 0.01 0.01 9,270,825 1,205,300,182 8,179,787 13,068 12,934 1,581,620 1,535,007 176 0.50 10,555,238 NANR SPDR S&P North American Natural Resources ETF 0.06 0.17 0.06 40,928 1,369,628 46,728 1,608 2,708 53,305 90,122 127 0.60 4,826 Active — Asset Allocation RLY SPDR SSGA Multi-Asset Real Return ETF 0.09 0.38 0.12 18,756 476,813 23,833 7,257 7,905 178,450 194,858 173 0.30 7,538 INKM SPDR SSGA Income Allocation ETF 0.11 0.35 0.11 8,188 291,210 6,922 11,819 11,085 375,135 348,734 88 0.20 36 GAL SPDR SSGA Global Allocation ETF 0.08 0.24 0.08 22,439 810,742 21,467 8,403 10,957 291,500 376,811 174 0.30 23,471 DWFI SPDR Dorsey Wright Fixed Income Allocation ETF 0.05 0.22 0.11 4,646 116,803 19,804 1,518 1,139 38,174 28,505 263 0.08 3,119 Active — Equity SYE SPDR MFS Systematic Core Equity ETF 0.18 0.26 0.18 503 38,294 494 668 1,248 44,242 82,717 39 0.30 426 SYG SPDR MFS Systematic Growth Equity ETF 0.25 0.37 0.24 4,941 364,837 4,875 679 951 46,729 64,963 92 0.30 2,952 SYV SPDR MFS Systematic Value Equity ETF 0.17 0.29 0.19 405 21,703 479 780 1,099 46,036 64,248 27 0.80 261 Active — Fixed Income TOTL SPDR DoubleLine Total Return Tactical ETF 0.03 0.07 0.03 380,765 18,849,921 439,019 3,295 3,712 161,686 181,257 214 0.10 17,944 EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF 0.25 0.51 0.22 4,280 214,211 2,493 10,934 14,484 545,679 717,364 249 25.03 1,713 STOT SPDR DoubleLine Short Duration Total Return Tactical ETF 0.14 0.29 0.14 10,399 516,486 8,039 4,799 7,403 238,273 367,094 259 0.19 4,339 SRLN SPDR Blackstone / GSO Senior Loan ETF 0.02 0.04 0.02 247,213 14,100,268 271,944 26,892 19,204 1,275,756 911,230 223 0.10 115,225 Source: ArcaVision. Data is as of April 30, 2017. Past performance is not a guarantee of future results.

SPDR® ETF Trading Report Consolidated Consolidated Avg. Avg. Avg. Quote Short Spread ($) Avg. Daily Consolidated Daily Volume Avg. Quote Size Avg. Size ($) Avg. Daily Interest Spread Spread vs. 3 mo. Volume Avg. Daily (shares) vs. Quote Size (Shares) vs. Quote vs. 3 mo. Trade Volatility as of Ticker ETF Name ($) (%) trailing (shares) Volume ($) 3 mo. trailing (shares) 3 mo. trailing Size ($) trailing Size (%) 04/13/2017 Active — Fixed Income (cont’d) ULST SPDR SSGA Ultra Short Term Bond ETF 0.05 0.12 0.05 7,221 317,769 6,287 2,604 3,224 104,863 129,959 296 0.10 6,480 Source: ArcaVision. Data is as of April 30, 2017. Past performance is not a guarantee of future results. ssga.com | spdrs.com State Street Global Advisors One Lincoln Street, Boston, MA 02111-2900. T: +1 617 786 3000. Important Risk Information ETFs trade like stocks, 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. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. Investing in commodities entails significant risk and is not appropriate for all investors. 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. State Street Global Advisors and SSGA are registered trademarks of State Street Corporation. There is no relationship between Dorsey Wright & Associates, LLC (collectively with its parent companies and affiliates, “Dorsey Wright”) and State Street Global Advisors (“SSGA”) other than a license by Dorsey Wright to SSGA of certain Dorsey Wright trademarks and trade names, and the Dorsey Wright Fixed Income Rotation Index (“Index”), for use by SSGA. 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 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., 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 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 GSO Capital Partners, Nuveen Asset Management & Massachusetts Financial Services Company & DoubleLine Capital LP as the sub-advisor to certain of such funds. GSO Capital Partners, Nuveen Asset Management, MFS, and DoubleLine Capital LP are not affiliated with State Street Global Advisors Funds Distributors, LLC. Important Information Relating to SPDR Gold Shares 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 detailed discussion of the risks of investing in GLD shares. When distributed electronically, 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. For more information, please contact the Marketing Agent for GLDW: State Street Global Advisors Funds Distributors, LLC, One Lincoln Street, Boston, MA, 02111; T: +1 866 320 4053 spdrgoldshares.com 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 +1 617 664 7727 or visit spdrs.com. Read it carefully.    © 2017 State Street Corporation. All Rights Reserved. State Street Global Advisors ID9606-IBG-23878 0517 Exp. Date: 05/31/2018 SPD001336    

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.