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SPDR Long Dollar Gold Trust

Important Risk Information

Ticker: GLDW

Gross Expense Ratio: 0.50%
Net Expense Ratio: 0.50%

Key Attributes:

  • Holds physical gold bullion
  • Designed to provide investors with the economic effect of holding gold with a basket of non-US currencies
  • Seeks to counter the historically negative correlation between a strengthening dollar and gold prices
  • May help increase portfolio diversification and preserve purchasing power1
  • Designed to take advantage of USD strength that has historically at times accompanied a surge in the gold price during downturns and times of market stress2

An investment in GLDW entails a risk of loss and the diversification offered by the fund does not ensure a profit or a guarantee against loss.

Research, commentary and information available for this fund:

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1Over the past 25 years, the correlation of gold to stocks, bonds and other commodities was -0.01, 0.21, and 0.41, respectively. Source: SSGA, Bloomberg, as of 12/31/2016. Computed using monthly return data from December 1991 to December 2016. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

2During the Great Recession from January 1, 2008 to March 31, 2009, spot gold rose 9.9% and the US Dollar Index rose 11.4%. During the first volatile phase of the Sovereign Debt Crisis from Dec. 1, 2009 to May 28, 2010, spot gold rose 2.7% and the US Dollar Index rose 15.5%. During the second volatile phase of the Sovereign Debt Crisis from Apr 29, 2011 to Jun 29, 2012, spot gold rose 4.1% and the US Dollar Index rose 11.6%. The sovereign debt crisis refers to the period of time beginning in 2008 when several European countries on the periphery of the Eurozone became unable to repay or refinance government debt or bail out banks without the assistance of the European Central Bank and the International Monetary Fund. Spot gold measured by the LBMA Gold Price PM. Sources: Bloomberg, World Gold Council, SSGA. Past performance is not a guarantee of future results. Performance above does not reflect charges and expenses associated with the fund or brokerage commissions associated with buying and selling exchange traded funds. Performance above is not meant to represent the performance of any investment product. It is not possible to invest directly in an index.

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Frequent trading of Exchange Traded Funds (ETFs) could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETFs’ net asset value. In general, ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

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Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a 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 Markets, LLC.


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Not FDIC Insured - No Bank Guarantee - May Lose Value