SPDR Gold ETF
Transcript of SPDR Gold ETF
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GLDSPDR Gd Sares As of 03/31/2011INDEX TICKER
N/A
INTRADAY NAV TICKER
GLDIV
FuND INCEPTIoN DATE
11/12/2004
objECTIVE
Te ojective of te SPDR Gold Trust is for te Sares
to reflect te performance of te price of gold ullion,
less te Trust's epenses.
Ordinary roerage commissions may apply.
ThE PRICE oF GolD
Te spot price for gold ullion is determined y maret
forces in te 24-our gloal over-te-counter (OTC) maret
for gold. Te OTC maret accounts for most gloal gold
trading, and prices quoted reflect te information availale
to te maret at any given time. Te price, oldings, and n
asset value of Gold Sares, as well as maret data for te
overall gold ullion maret, can e traced daily at spdrgold
sares.com.
PERFoRmANCE
ToTAl RETuRN loNDoN Pm FIX (%) NAV (%) mARKET VAluE (%)
QTD 2.38 1.93 0.79
YTD 2.38 1.93 0.79
ANNuAlIzED
1 YEAR 29.00 28.49 28.33
3 YEAR 15.49 15.06 15.65
5 YEAR 19.84 19.36 19.19
SINCE FUND INCEPTION 20.37 19.89 19.58
(%)
GRoSS EXPENSE RATIo 0.40
Performance quoted represents past performance, which is no guarantee of future results. Investmen
return and principal value will uctuate, so you may have a gain or loss when shares are sold. Currenperformance may be higher or lower than that quoted. Visit spdrs.com for most recent month-endperformance.
ADVANTAGES
EASILY ACCESSIbLE Listed on te NYSE Arca.
SECURE Te Gold Sares represent fractional, undivided
interests in te Trust, te primary asset of wic is
allocated (or secured) gold.
TRANSPARENT Tere eists a 24-our gloal over-te-counter mar
for gold ullion, wic provides readily availale
maret data. Te price, oldings and net asset value
of Gold Sares, as well as maret data for te overa
gold ullion maret, can e traced daily at: www.
spdrgoldsares.com.
COST EFFECTIVE For many investors, te transaction costs related to
te Gold Sares are epected to e lower tan te
costs associated wit te purcase, storage and
insurance of pysical gold.
LIQUID Structure allows for asets to e created and
redeemed according to maret demand, creating
liquidity.
FLExIbLE Gold Sares are listed on te New Yor Stoc
Ecange Arca (NYSE Arca: GLD) and trade te sam
way ordinary stocs do. It is possile to uy or sell
Gold Sares continuously trougout te trading daon te ecange at prices estalised y te maret
Additionally, it is possile to place maret, limit and
stop-loss orders of Gold Sares.
World Gold Trust Services, LLC as te Sponsor and State Street Gloal Marets, LLC as te Mareting Agent ave agreed to reduce te fees payale to tem from te assets of te Trust to te ete
required so tat te estimated ordinary epenses of te Trust do not eceed an amount equal to 0.40% per annum of te daily net asset value during te period ending seven years from te date of t
Trust Indenture, 11/12/2004, or upon te earlier termination of te Mareting Agent Agreement.
Neiter diversification nor asset allocation ensure profit or guarantee against loss.
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ETFs trade lie stocs, are suject to investment ris, fluctuate in maret value and may trade at prices aove or elow te ETFs net asset value.broerage commissions and ETF epenses will reduce returns.
As wit all investments, investing in gold entails ris. Tere can e no assurance tat gold will maintain its long-term value in terms of purcasingpower in te future or tat gold will continue to eiit low to negative correlation wit oter asset classes. You could lose money my investing in gold.
Important Information Relating to SPDR Gold Trust:
Te SPDR Gold Trust ("GLD") as filed a registration statement (including a prospectus) wit te Securities and Ecange Commission ("SEC") for teoffering to wic tis communication relates. before you invest, you sould read te prospectus in tat registration statement and oter documents
GLD as filed wit te SEC for more complete information aout GLD and tis offering. You may get tese documents for free y visiting EDGAR onte SEC wesite at www.sec.gov or y visiting www.spdrgoldsares.com. Alternatively, te Trust or any autorized participant will arrange to send youte prospectus if you request it y calling 1-866-320-4053.
GLD sares trade lie stocs, are suject to investment ris and will fluctuate in maret value. Te value of GLD sares relates directly to te valueof te gold eld y GLD (less its epenses), and fluctuations in te price of gold could materially and adversely affect an investment in te sares.Te price received upon te sale of te sares, wic trade at maret price, may e more or less tan te value of te gold represented y tem.GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing epenses, te amount of gold represented y eac Sarewill decline over time. Investing involves ris, and you could lose money on an investment in GLD. Pease see te GlD prspects fr a detaieddiscssin f te risks f investing in GlD sares.
"SPDR" is a registered trademar of Standard & Poor's Financial Services LLC ("S&P") and as een licensed for use y State Street Corporation. Nofinancial product offered y State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted y S&P or its affiliates, and S&P and itsaffiliates mae no representation, warranty or condition regarding te advisaility of uying, selling or olding units/sares in suc products. Furterlimitations tat could affect investors' rigts may e found in GLD's prospectus.
For more information contact State Street Gloal Marets, LLC, One Lincoln Street, boston, MA, 02111, 866.320.4053 or visit www.spdrgoldsares.com.
Nt FDIC Insred -N bank Garantee - may lse Vae
Date of First Use: April 2011
Epiration Date: 07/20/2011
SPDR Gd Sares As of 03/31/2011KEY FACTS
bLOOMbERG SPDR
TICkER SYMbOL GLD
CUSIP 78463V107
ExChANGE NYSE ARCA ExChANGE
ShORT SALE ELIGIbLE Yes
MARGIN ELIGIbLE Yes
mANAGEmENT
SPONSOR World Gold Trust Services, LLC
CUSTODIAN hSbC ban USA, N.A.
TRUSTEE Te ban of New Yor Mellon
MARkETING AGENT State Street Gloal Marets, LLC
ETF-GLD20110406/08:01