fwp
Filed
Pursuant To Rule 433
Registration No. 333-158105
November 18, 2009
SPDR® Gold Shares Reaches Five Year Anniversary
One of the Largest ETFs in the World
With more than $40 Billion in Assets
BOSTON November 18, 2009 World Gold Trust Services, LLC, a wholly-owned subsidiary of the
World Gold Council (WGC) and State Street Global Advisors (SSgA), the investment management arm of
State Street Corporation (NYSE: STT), today marked the fifth anniversary of SPDR® Gold Shares (NYSE
Arca: GLD). With assets under management in the trust with more than $40 billion (as of November
16, 2009) SPDR® Gold Shares has become one of the largest exchange traded funds in
existence and is the fastest growing ETF, by assets, in the world.
SPDR® Gold Shares is considered one of the industrys most innovative and
influential ETFs, having made golds unique investment properties accessible for a broader
investor base, said James Ross, senior managing director at State Street Global Advisors. The
commodities market is vastly different today than it was five years ago due in part to the
creation of SPDR® Gold Shares. As the first ETF to be backed by a physical asset, it
has been a trailblazer for exchange traded commodities overall. Following the unprecedented
success of GLD in 2004, 21 commodity ETFs have entered the market, which underscores the growing
popularity of these products.
GLD has removed the barriers that previously prevented some investors from making an
investment in gold. By increasing investor understanding of the role gold plays within the
portfolio, GLD has enabled us to change the way the world looks at gold as an asset class,
said Jason Toussaint, managing director, Exchange Traded Gold, World Gold Council. Most
recently, the global financial crisis has placed gold
attributes as a preserver of wealth
center stage, but over the course of the last five years, GLD made gold relevant and accessible
to an even broader range of investors, irrespective of the prevailing economic cycle. Investors
around the world continue to use GLD to help diversify their portfolio, and potentially protect
their assets from the ravages of long term inflation and as a hedge against dollar
fluctuations.
The five year anniversary was commemorated by representatives from both State Street
Global Advisors and the World Gold Council ringing the opening bell at the New York Stock
Exchange.
SPDR® Gold Shares Key Facts:
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Launched in November 2004, GLD was the first US traded gold ETF and the
first commodity ETF. |
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GLD was the first ETF to be backed by a physical asset. |
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GLD was one of the fastest growing ETFs in history, reaching over $1 billion
in assets in just three trading days. |
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GLD has more assets than the next 5 ETFs launched in this timeframe
combined. |
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2009 YTD (as of Oct. 30/09) net asset value in the trust has increased by
$15.97 billion. |
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GLD is listed on the NYSE Arca, the Bolsa Mexicana de Valores and the
Singapore, Tokyo and Hong Kong Stock Exchanges. |
About the World Gold Council
The World Gold Councils mission is to stimulate and sustain the demand for gold and to create
enduring value for its stakeholders. It is funded by the worlds leading gold mining companies. For
further information visit www.gold.org.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of State Street Corporation (NYSE:
STT), delivers investment strategies and integrated solutions to clients worldwide across every
asset class, investment approach and style. With $1.7 trillion in assets under management at
September 30, 2009, State Street Global Advisors has investment centers in Boston, Hong Kong,
London, Montreal, Paris, Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 26 cities
worldwide. For more information, visit State Street Global Advisors at www.ssga.com.
The value of the SPDR Gold 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.
Investors should be aware that the historical performance of gold as an asset class is not
necessarily indicative of its future performance, and there is no assurance that gold will
maintain its long-term value in terms of purchasing power in the future, that gold will be
an effective hedge against inflation or dollar depreciations, that the price of gold will be
less volatile than the prices of other asset classes, or that gold will be an effective tool
for diversifying investment portfolios. In the event that the price of gold declines, we expect the value of an investment in the Shares to decline proportionately. Shareholders in the SPDR Gold 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 is subject to regulation by the
CFTC. Shareholders will not have the regulatory protections provided to investors in
CEA-regulated instruments or commodity pools.
The SPDR® trademark is used under license from The McGraw-Hill Companies, Inc. No
financial product offered by World Gold Trust Services, LLC, or its affiliates is sponsored,
endorsed, sold or promoted by The McGraw-Hill Companies, Inc. (McGraw-Hill). McGraw-Hill makes
no representation or warranty, express or implied, to the owners of any financial product or any
member of the public regarding the advisability of investing in securities generally or in
financial products particularly or the ability of the index on which financial products are
based to track general stock market performance. McGraw-Hill is not
responsible for and has not
participated in any determination or calculation made with respect to issuance or redemption of
financial products. McGraw-Hill has no obligation or liability in connection with the
administration, marketing or trading of financial products.
WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL McGRAW-HILL HAVE ANY LIABILITY FOR ANY
SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, LOST
PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
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, 30th Floor, Boston, MA 02111. The prospectus contains information about
the SPDR Gold 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.
Marketed by State Street Global Markets, LLC, an affiliate of State Street Global Advisors.
Not FDIC Insured No Bank Guarantee May Lose Value
CORP-0026