SPDR ETF Options Report June 2018

Filed Pursuant To Rule 433

Registration No. 333-217785

July 11, 2018

 

SPDR® ETF Options Report   

INVESTMENT PROFESSIONAL USE ONLY

 

June 2018

 

          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      76,940,680        2,445,597        1,030,514        1,415,083        7,417,808        12,043,630  

XLF

    Financial Select Sector SPDR Fund      61,041,876        173,432        101,618        71,814        2,246,714        1,624,076  

XOP

    SPDR S&P Oil & Gas Exploration & Production ETF      16,975,880        98,967        45,823        53,144        622,811        1,328,076  

XLU

    Utilities Select Sector SPDR Fund      16,910,228        39,900        17,985        21,915        140,655        321,025  

XLE

    Energy Select Sector SPDR Fund      14,526,123        51,252        31,067        20,186        427,065        466,124  

XLP

    Consumer Staples Select Sector SPDR Fund      14,164,380        27,161        18,899        8,262        184,977        189,344  

XLK

    Technology Select Sector SPDR Fund      13,448,645        20,013        9,244        10,770        158,547        246,315  

XLI

    Industrial Select Sector SPDR Fund      12,061,816        37,596        11,002        26,594        177,055        399,117  

JNK

    SPDR Bloomberg Barclays High Yield Bond ETF      11,155,841        655        148        508        15,927        88,478  

XLV

    Health Care Select Sector SPDR Fund      7,583,561        10,615        7,431        3,184        82,824        102,236  

GLD®

   SPDR Gold Shares      6,760,726        118,809        84,400        34,409        1,909,176        536,064  

KRE

    SPDR S&P Regional Banking ETF      5,753,754        32,808        12,749        20,060        411,387        268,124  

XLB

    Materials Select Sector SPDR Fund      5,737,860        5,686        2,690        2,996        53,098        62,093  

XRT

    SPDR S&P Retail ETF      5,592,588        24,093        5,664        18,429        67,294        212,616  

XLY

    Consumer Discretionary Select Sector SPDR Fund      5,565,349        7,466        4,382        3,084        57,166        75,002  

DIA

    SPDR Dow Jones Industrial Average ETF Trust      4,960,978        64,437        34,690        29,747        351,245        215,386  

XBI

    SPDR S&P Biotech ETF      4,766,480        37,774        17,356        20,419        185,324        319,060  

FEZ

    SPDR EURO STOXX 50 ETF      3,702,608        17,501        2,872        14,630        93,545        343,700  

XHB

    SPDR S&P Homebuilders ETF      3,229,635        9,030        4,834        4,197        56,969        51,081  

XLRE

    Real Estate Select Sector SPDR Fund      2,987,669        233        68        165        1,987        4,231  

XME

    SPDR S&P Metals & Mining ETF      2,208,029        3,685        2,049        1,636        43,784        80,685  

KBE

    SPDR S&P Bank ETF      1,806,035        2,755        428        2,328        21,588        57,006  

SJNK

    SPDR Bloomberg Barclays Short Term High Yield Bond ETF      1,307,075        1        1        —        21        183  

MDY

    SPDR S&P MidCap 400 ETF Trust      1,000,616        1,321        914        408        15,788        14,038  

CWB

    SPDR Bloomberg Barclays Convertible Securities ETF      935,999        60        45        16        732        475  

XES

    SPDR S&P Oil & Gas Equipment & Services ETF      890,492        157        132        25        2,607        733  

BWX

    SPDR Bloomberg Barclays International Treasury Bond ETF      859,602        36        1        35        134        883  

SPTM

    SPDR Portfolio Total Stock Market ETF      809,029        1        1        1        2        10  

Source: Bloomberg as of 06/30/2018.

 

LOGO

 

 

    

    

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)  

RWO

    SPDR Dow Jones Global Real Estate ETF      692,449        1        1        1        24        11  

SPDW

    SPDR Portfolio Developed World ex-US ETF      686,740        1        1        —        81        10  

SPLG

    SPDR Portfolio Large Cap ETF      570,280        —        —        1        —        10  

SPYG

    SPDR Portfolio S&P 500 Growth ETF      519,098        21        15        6        267        131  

RWX

    SPDR Dow Jones International Real Estate ETF      449,621        2        1        2        63        46  

EBND

    SPDR Bloomberg Barclays Emerging Markets Local Bond ETF      400,399        2        1        1        74        88  

KIE

    SPDR S&P Insurance ETF      368,321        59        18        42        360        576  

SDY

    SPDR S&P Dividend ETF      332,546        42        26        16        1,066        693  

DWX

    SPDR S&P International Dividend ETF      329,834        1        1        1        32        7  

TFI

    SPDR Nuveen Bloomberg Barclays Municipal Bond ETF      294,473        —        —        —        4        —  

SPYV

    SPDR Portfolio S&P 500 Value ETF      263,126        8        6        2        112        31  

CWI

    SPDR MSCI ACWI ex-US ETF      186,819        —        —        —        1        —  

GNR

    SPDR S&P Global Natural Resources ETF      170,776        62        62        1        3,942        157  

RWR

    SPDR Dow Jones REIT ETF      162,541        16        14        3        336        226  

XAR

    SPDR S&P Aerospace & Defense ETF      120,533        13        9        5        429        214  

XSD

    SPDR S&P Semiconductor ETF      109,661        9        2        8        55        123  

EDIV

    SPDR S&P Emerging Markets Dividend ETF      95,337        2        1        1        37        33  

HYMB

    SPDR Nuveen S&P High Yield Municipal Bond ETF      68,431        2        1        2        60        49  

XPH

    SPDR S&P Pharmaceuticals ETF      64,006        10        2        9        70        350  

GWX

    SPDR S&P International Small Cap ETF      59,452        1        1        —        —        3  

GXC

    SPDR S&P China ETF      52,298        11        4        7        81        233  

EWX

    SPDR S&P Emerging Markets SmallCap ETF      45,039        6        3        3        46        39  

NANR

    SPDR S&P North American Natural Resources ETF      19,418        —        —        —        —        11  

GMF

    SPDR S&P Emerging Asia Pacific ETF      16,703        8        8        1        71        53  

KCE

    SPDR S&P Capital Markets ETF      11,267        3        2        1        153        124  

XLC

    Communication Services Select Sector SPDR Fund      N/A        26        13        13        219        232  

Source: Bloomberg as of 06/30/2018.

Prior to 10/16/2017, the SPDR Portfolio Total Stock Market ETF (SPTM) was known as the SPDR Russell 3000® ETF (THRK), the SPDR Portfolio Large Cap ETF (SPLG) was known as the SPDR Russell 1000® ETF (ONEK), the SPDR Portfolio Mid Cap ETF (SPMD) was known as the SPDR S&P 1000® ETF (SMD), the SPDR Portfolio Small Cap ETF (SPSM) was known as the SPDR Russell 2000® ETF (TWOK), the SPDR Portfolio S&P 500 Growth ETF (SPYG) was known as the SPDR S&P 500 Growth ETF (SPYG), the SPDR Portfolio S&P 500 Value ETF (SPYV) was known as the SPDR S&P 500 Value ETF (SPYV), the SPDR Portfolio S&P 500 High Dividend ETF (SPYD) was known as the SPDR S&P 500 High Dividend ETF (SPYD), the SPDR Portfolio Developed World ex-US ETF (SPDW) was known as the SPDR S&P World ex-US ETF (GWL), the SPDR Portfolio Emerging Markets ETF (SPEM) was known as the SPDR S&P Emerging Markets ETF (GMM), the SPDR Portfolio Aggregate Bond ETF (SPAB) was known as the SPDR Bloomberg Barclays Aggregate Bond ETF (BNDS), the SPDR Portfolio Short Term Corporate Bond ETF (SPSB) was known as the SPDR Bloomberg Barclays Short Term Corporate Bond ETF (SCPB), the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) was known as the SPDR Bloomberg Barclays Intermediate Term Corporate Bond ETF (ITR), the SPDR Portfolio Long Term Corporate Bond ETF (SPLB) was known as the SPDR Bloomberg Barclays Long Term Corporate Bond ETF (LWC), the SPDR Portfolio Short Term Treasury ETF (SPTS) was known as the SPDR Bloomberg Barclays Short Term Treasury ETF (SST), and the SPDR Portfolio Long Term Treasury ETF (SPTL) was known as the SPDR Bloomberg Barclays Long Term Treasury ETF (TLO).

 

State Street Global Advisors    2

 

    

    

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 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.

Investing involves risk, and you could lose money on an investment in each of SPDR® Gold Shares Trust (“GLD®”) and SPDR® Gold MiniSharesSM Trust (“GLDMSM”), a series of the World Gold Trust (together, the “Funds”).

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.

 

 

State Street Global Advisors    3

 

    

    

SPDR® ETF Options Report

 

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®”) and SPDR® Gold MiniSharesSM Trust (“GLDMSM”):

The SPDR Gold Trust (“GLD®”) and the World Gold Trust have each filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for GLD and GLDM, respectively. Before you invest, you should read the prospectus in the registration statement and other documents each Fund has filed with the SEC for more complete information about each Fund and these offerings. Please see each Fund’s prospectus for a more detailed discussion of the risks of investing in each Fund’s shares. The GLD prospectus is available by clicking here, and the GLDM 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 Funds or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053.

None of the Funds is an investment company registered under the Investment Company Act of 1940 (the “1940 Act”). As a result, shareholders of each Fund do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act. GLD and GLDM are not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of each of GLD and GLDM do not have the protections afforded by the CEA.

Shares of each Fund trade like stocks, are subject to investment risk and will fluctuate in market value.

The values of GLD shares and GLDM shares relate directly to the value of the gold held by each Fund (less its expenses), respectively. 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.

None of the Funds generate any income, and as each Fund regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Fund 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 the Sponsor of each of GLD and GLDM.

GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC. MiniSharesSM and GLDMSM are service marks of WGC USA Asset Management Company, LLC used with the permission of WGC USA Asset Management Company, LLC.

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.

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 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.

For more information, please contact the Marketing Agent for GLDW: 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.

 

 

 

Not FDIC Insured • No Bank Guarantee • May Lose Value

 

 

State Street Global Advisors   

© 2018 State Street Corporation. All Rights Reserved.

ID13497-2047512.6.1.NA.INST 0718 Exp. Date: 07/31/2019 SPD001674

 

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.