State Street commodity ETFs for portfolio resilience and diversification

Commodities offer investors exposure to the real economy through a broad mix of physical resources, including energy, agriculture and livestock, and metals, or specific expsoures such as gold. Commodities may help diversify portfolios, and provide potential resilience across market cycles, particularly when inflation, supply dynamics or geopolitical factors are influencing markets.

Why use an ETF to access commodities?

Accessing commodities through an ETF can offer a practical and cost-efficient way to gain this exposure. By tracking a transparent, rules based benchmark such as the Dow Jones Commodity Index 3 Month Forward,a commodities ETF provides diversified access across multiple commodity sectors within a single investment. The index’s forward looking approach also seeks to mitigate some of the structural challenges associated with futures based investing, supporting a more balanced long term allocation to the asset class.

Quick Links

Fund Factsheet PDF

Invest in State Street gold ETFs

Discover more about State Street gold ETFs

Why State Street Investment Management?

With a pioneering heritage rooted in indexing, and as the creator of many of the world’s first ETFs¹, we have a long track record of increasing access for investors through relentless innovation and cost-effectiveness.

From core building blocks to tailored strategies, we offer a broad selection of solutions responsive to our client’s needs.

$5.66T

Assets under management ²

47 Years

Managing client assets

10

Global investment centers

Our latest thinking

Footnotes

Disclosures

Marketing Communication
For institutional / professional investors use only.
Information Classification: General Access

State Street Global Advisors Worldwide Entities

Important Risk Information

Investing in commodities entail significant risk and is not appropriate for all investors. Commodities investing entail significant risk as commodity prices can be extremely volatile due to wide range of factors. A few such factors include overall market movements, real or perceived inflationary trends, commodity index volatility, international, economic and political changes, change in interest and currency exchange rates.

This material is for your private information. The views expressed are the views the SPDR® Gold Strategy Team and are subject to change based on market and other conditions. The opinions expressed may differ from those with different investment philosophies.

NOTICE TO PERSONS IN THE EUROPEAN ECONOMIC AREA ("EEA")

The fund is permitted to market into the relevant EEA jurisdiction pursuant to either Article 42 of AIFMD (if and as implemented under national laws of such member state); or (ii) can otherwise be lawfully offered or sold (including on the basis of an unsolicited request from a professional client/qualified investor).

The fund is an alternative investment fund for the purpose of the European Union Alternative Investment Fund Managers Directive (Directive 2011/61/EU) ("AIFMD"). SSGA Funds Management, Inc. or State Street Global Advisors Trust Company is the alternative investment fund manager ("AIFM") of the fund.

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

Important Information Relating to SPDR® Gold Trust (“GLD®”) and SPDR® Gold MiniShares® Trust (“GLDM®”): 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 https://www.ssga.com/etfs/resources/documents/us-fund-docs and the GLDM prospectus is available by https://www.ssga.com/etfs/resources/documents/us-fund-docs. 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 +41 44 245 70 00.

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.

Neither GLD nor GLDM 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.

MiniShares® is a registered trademark of WGC USA Asset Management Company, LLC used with the permission of WGC USA Asset Management Company, LLC. GLD® and GLDM® are registered trademarks of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC.

For Investors in the UK: Investing involves risk, and you could lose money on an investment in each of SPDR® Gold Shares Trust (“GLD®” or “GLD”) and SPDR® Gold MiniShares® Trust (“GLDM®” or “GLDM”), a series of the World Gold Trust (together, the “Funds”).

Important Information Relating to GLD® and GLDM®:

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 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 https://www.ssga.com/uk/en_gb/institutional/etfs/us-fund-docs. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting spdrgoldshares.com. Alternatively, GLD/GLDM or any authorized participant will arrange to send you the prospectus if you request it by calling +44 (0)20 3395 6888.

Neither GLD nor GLDM 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. Neither GLD nor GLDM generate any income, and as each Fund regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each

Before investing, consider GLD/GLDM’s investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call +44 (0)20 3395 6888 or visit www.ssga.com. Read it carefully.

REF: 8881627.2.1.EMEA.INST
Exp: 30 April 2027