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 03/31/2010 |
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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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2.57 |
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0.95 |
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1.53 |
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YTD |
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2.57 |
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0.95 |
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1.53 |
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ANNUALIZED |
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1 YEAR |
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21.71 |
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21.24 |
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20.67 |
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3 YEAR |
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18.99 |
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18.52 |
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18.32 |
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5 YEAR |
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21.13 |
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20.65 |
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20.52 |
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SINCE FUND INCEPTION |
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18.83 |
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18.36 |
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18.02 |
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(%) |
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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 Arca:
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. |
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Neither diversification nor asset allocation ensure profit or guarantee against loss. |
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SPDR® Gold Shares
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As of 03/31/2010 |
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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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Shares (the Shares) of the SPDR® Gold Trust (the Trust) trade like stocks, are subject to
investment risk and will fluctuate in market value. 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. The Trust does not generate any
income and as the Trust regularly sells gold to pay for its ongoing expenses, the amount of gold
represented by each Share will decline over time. 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 (defined below) and the Marketing Agent
(defined below) expect the value of an investment in the Shares to similarly decline
proportionately.
The 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 Trust 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 website at www.sec.gov. Alternatively, the Trust or any Authorized
Participant will arrange to send you the prospectus if you request it by calling 1-866-320-4053 or
contacting State Street Global Markets, LLC, One Lincoln Street, Attn: SPDR Gold Shares, 30th
Floor, Boston, MA 02111.
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 before making an investment decision about the Shares.
Shareholders of the Trust 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 of the Trust is subject to regulation by the Commodity Futures Trading
Commission. Shareholders will not have the regulatory protections provided to investors in
Commodity Exchange Act regulated instruments or commodity pools.
SPDR® is a registered trademark of Standard & Poors Financial Services LLC (S&P) and has been
licensed for use by State Street Corporation. No financial product offered by State Street
Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its affiliates,
and S&P and its affiliates make no representation, warranty or condition regarding the advisability
of buying, selling or holding units/shares in such products. Standard & Poors®, S&P®, SPDR® and
S&P 500® are registered trademarks of Standard & Poors Financial Services LLC and have been
licensed for use by State Street Corporation.
The Trust is sponsored by World Gold Trust Services, LLC (the Sponsor), a wholly-owned subsidiary
of the World Gold Council. State Street Global Markets, LLC (the Marketing Agent) is the
marketing agent of the Trust and an affiliate of State Street Global Advisors. For more
information: State Street Global Markets, LLC, One Lincoln Street, Boston, MA, 02111•
866.320.4053 • www.spdrgoldshares.com.
Not
FDIC Insured No Bank Guarantee May Lose Value
Date of First Use: July 2010
Expiration Date: 07/20/2010
First
issued: April 10, 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.