Important risk information

Investing involves risk, and you could lose money on an
investment in SPDR^® Gold MiniShares^SM Trust (“GLDM^SM”),
a series of World Gold Trust.

ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or
below the ETFs’ net asset value. Brokerage commissions
and ETF expenses will reduce returns.

Commodities and commodity-index linked securities may be
affected by changes in overall market movements, changes
in interest rates, and other factors such as weather,
disease, embargoes, or political and regulatory
developments, as well as trading activity of speculators
and arbitrageurs in the underlying commodities.

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

Diversification does not ensure a profit or guarantee
against loss.

Investing in commodities entails significant risk and
is not appropriate for all investors.

Important Information Relating to SPDR^® Gold
MiniShares^SM Trust (“GLDM^SM”):

The World Gold Trust has filed a registration
statement (including a prospectus) with the
Securities and Exchange Commission (“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
World Gold Trust has filed with the SEC for more
complete information about GLDM and this offering.
Please see the GLDM prospectus for a detailed
discussion of the risks of investing in GLDM shares.
The GLDM prospectus is available by clicking here.
You may get these documents for free by visiting
EDGAR on the SEC website at sec.gov or by visiting
spdrgoldshares.com. Alternatively, the Trust or any
authorized participant will arrange to send you the
prospectus if you request it by calling 866.320.4053.

GLDM is not an investment company registered under the
Investment Company Act of 1940 (the “1940 Act”) and is
not subject to regulation under the Commodity Exchange
Act of 1936 (the “CEA”). As a result, shareholders of GLDM
do not have the protections associated with ownership of
shares in an investment company registered under the 1940
Act or the protections afforded by the CEA.

GLDM shares trade like stocks, are subject to investment
risk and will fluctuate in market value. The value of GLDM
shares relates directly to the value of the gold held by
GLDM (less its expenses), and 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. GLDM does not
generate any income, and as GLDM regularly sells gold to
pay for its ongoing expenses, the amount of gold
represented by each 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 GLDM’s sponsor.

MiniShares^SM and GLDM^SM are service marks of WGC USA
Asset Management Company, LLC used with the
permission of WGC USA Asset Management Company, LLC.

Standard & Poor’s^®, S&P^® and SPDR^® are registered
trademarks of Standard & Poor’s Financial Services LLC, a
division of S&P Global (S&P); Dow Jones is a registered
trademark of Dow Jones Trademark Holdings LLC (Dow
Jones); and these trademarks have been licensed for use by
S&P Dow Jones Indices LLC (SPDJI) and sublicensed for
certain purposes by State Street Corporation. State Street
Corporation’s financial products are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P,
their respective affiliates and third party licensors and none
of such parties makes any representation regarding the
advisability of investing in such product(s) nor do they have
any liability in relation thereto.

For more information, please contact the Marketing
Agent for GLDM: State Street Global Advisors Funds
Distributors, LLC, One Iron Street, Boston, MA, 02210;

T: +1 866 320 4053 spdrgoldshares.com

Not FDIC Insured • No Bank Guarantee • May Lose Value

© 2020 State Street Corporation. All Rights Reserved.

State Street Global Advisors Funds Distributors, LLC,
Member FINRA, SIPC, One Iron Street, Boston, MA
02210

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