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The Singapore prospectus for the Trust (the "Singapore Prospectus"), which incorporates the U.S.
prospectus for the Trust (the "U.S. Prospectus"), annual report and quarterly report, is available at theoffice of State Street Global Advisors Singapore Limited, at 168 Robinson Road, #33-01, Capital Tower,
Singapore 068912, during normal business hours.
The Sponsor may from time to time make changes to the market maker(s) of the Shares. The latest listof market maker(s) of the Shares is available online at http://www.sgx.com.
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PRODUCT HIGHLIGHTS SHEET

Prepared on: 08/09/2023
This Product Highlights Sheet is an important document.
• It highlights the key terms and risks of this investment product and complements theProspectus1.
• It is important to read the Prospectus before deciding whether to purchase the product. If
you do not have a copy, please contact us to ask for one.
• You should not invest in the product if you do not understand it or are not comfortable withthe accompanying risks.
• If you wish to purchase the product, you will need to make an application in the manner set
out in the Prospectus.
SPDR® GOLD TRUST(the "Trust")
SGX-ST counter Primary currency: GLD US$ SGX-ST Listing 11 October 2006
name (SGX-ST (O87)
Datestock code)
Secondary currency: GLD SG$(GSD)
Product Type
Exchange Traded Fund (shares Designated
Flow Traders Asia Pte.
in the Trust ("Shares") are Market Maker2
Ltd. (USD/SGD)
Excluded Investment Products)
Phillip Securities Pte Ltd(SGD)
IssuerWorld Gold Trust Services, LLC UnderlyingGold(the "Sponsor")
Reference Asset
Expense Ratio
Recurring fixed expense of Traded Currency Primary: USD
0.40% p.a. of the daily NAV of
Secondary: SGD
the Trust, accrued daily
Board Lot Size
1 SharePRODUCT SUITABILITY
WHO IS THE PRODUCT SUITABLE FOR?
Further Information
to"Investment• The Trust is only suitable for you if you wish to participate in the gold Refer
Objective and Strategy ofmarket through an investment in securities.
the Trust" of the Singapore
An investment in a precious metals fund carries risks of a different nature Prospectus for further
from other types of collective investment schemes which invest in information on producttransferable securities, and a precious metals fund may not be suitable to suitability.
persons who are averse to such risks.
KEY PRODUCT FEATURES
WHAT ARE YOU INVESTING IN?
Refer
to"Investment
Objective
andStrategy of• You are investing in a Trust established under the laws of the State of
New York, and which is primarily listed on the NYSE Arca and cross- the Trust" of the Singapore
Prospectus for further
listed on SGX-ST.
• The investment objective of the Trust is for the Shares to reflect the information on features ofthe product.
performance of the price of gold bullion, less the Trust's expenses.
• The Trust is not a collective investment scheme that is recognizedby the Monetary Authority of Singapore under section 287 of the The NAV per share andSecurities and Futures Act and is not subject to guidelines gold spot prices areonlineatcomparable to those set out in the Code on Collective Investment available
www.spdrgoldshares.com
Schemes.
Investment Strategy
to"Investment• The Trust holds gold bullion and from time to time issues the Shares in Refer
blocks of 100,000 Shares ("Baskets") in exchange for deposits of gold Objective and Strategy of
the Trust" of the Singapore
and distributes gold in connection with the redemption of Baskets.
• The Shares are intended to offer you an opportunity to participate in the Prospectus for furtheronthegold market through an investment in securities whilst the logistics of information
storing and insuring gold are dealt with by the Custodians (as defined in investment strategy of thethe "Parties Involved" section below) and the related expenses are built Trust.
into the price of the Shares.
• The Shares represent units of fractional undivided beneficial interest in
and ownership of the Trust. The Trust is not managed like a corporation

or an active investment vehicle. The gold held by the Trust will only besold: (1) on an as-needed basis to pay Trust expenses, (2) in the event
the Trust terminates and liquidates its assets, or (3) as otherwise
required by law or regulation.
Parties Involved
WHO ARE YOU INVESTING WITH?
• The Sponsor is World Gold Trust Services, LLC.
• The Trustee is BNY Mellon Asset Servicing, a division of The Bank of
New York Mellon.
• The Custodians are HSBC Bank plc and JPMorgan Chase Bank, N.A.

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Refer to "Risk Factors" ofthe Singapore Prospectus
for further information onrisks of the product.

PRODUCT HIGHLIGHTS SHEETKEY RISKS
WHAT ARE THE KEY RISKS OF THIS INVESTMENT?
The value of the Shares may fall or rise, and you may not get backyour original investment.
These risk factors, among others, may cause you to lose some or allof your investment:
Market and Credit Risks• Crises may motivate large-scale sales of gold which could decrease
the price of gold and adversely affect an investment in the Shares.
• Substantial sales of gold by the official sector could adversely affectan investment in the Shares.
• The price of gold may be affected by the sale of gold by ETFs or byother exchange traded vehicles tracking gold markets.
• The value of the Shares relates directly to the value of the gold heldby the Trust and fluctuations in the price of gold could materiallyadversely affect an investment in the Shares.
• The amount of gold represented by the Shares will continue to be
reduced during the life of the Trust due to the sales of gold necessary
to pay the Trust's expenses irrespective of whether the trading price of
the Shares rises or falls in response to changes in the price of gold.
• The Shares may trade at a price which is at, above or below theNAV per Share and any discount or premium in the trading price relative
to the NAV per Share may widen as a result of non-concurrent trading
hours between the COMEX and the NYSE Arca.
• The sale of the Trust's gold to pay expenses at a time of low gold
prices could adversely affect the value of the Shares.
• The Trust relies on the information and technology systems of theTrustee, the Custodians, the Marketing Agent and, to a lesser degree,
the Sponsor, which could be adversely affected by information systems
interruptions, cybersecurity attacks or other disruptions which could
have a material adverse effect on the record keeping and operations of
the Sponsor.
• The Trust as well as the Sponsor and its service providers arevulnerable to the effects of public health crises and geopoliticalevents, including the ongoing novel coronavirus pandemic and thecontinuation of the war in Ukraine.
Liquidity Risks• The Trust may be required to terminate and liquidate at a time thatis disadvantageous to shareholders.
• The liquidity of the Shares may be affected by the withdrawal of
Authorized Participants.
• The lack of an active trading market or a halt in trading of the
Shares may result in losses on investment at the time of dispositionof the Shares.
• Redemption orders are subject to postponement, suspension or
rejection by the Trustee under certain circumstances.
• Gold held in the Trust's unallocated gold account and any
Authorized Participant's unallocated gold account will not be

Refer to "The Sponsor,
Trustee, Custodians andMarketing Agent" of theSingapore Prospectus forfurther information on therole and responsibilities ofthese entities and what
happens if they become
insolvent.

Refer to paragraphs 5.1
and 7.2 of the Singapore
Prospectus for situations
in which trading of Units
may be suspended.

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Refer to paragraph 7.2 of
the Singapore Prospectus
for further information on
the risks of the product.

PRODUCT HIGHLIGHTS SHEET

segregated from the Custodians' assets. If any of the Custodians
becomes insolvent, its assets may not be adequate to satisfy a claim by
the Trust or any Authorized Participant. In addition, in the event of theinsolvency of any of the Custodians, there may be a delay and costs
incurred in identifying the gold bars held in the Trust's allocated gold
account.
Product-Specific Risks• The value of the gold held by the Trust is determined using the
LBMA Gold Price PM. Potential discrepancies in the calculation of the
LBMA Gold Price PM, as well as any future changes to the LBMA Gold
Price PM, could impact the value of the gold held by the Trust and could
have an adverse effect on the value of an investment in the Shares.
• If concerns about the integrity or reliability of the LBMA Gold Price
PM arise, even if eventually shown to be without merit, suchconcerns could adversely affect investor interest in gold andtherefore adversely affect the price of gold and the value of aninvestment in the Shares.
• As the Trust is a passive investment vehicle, the value of the Shares
may be adversely affected by Trust losses that, if the Trust had been
actively managed, it might have been possible to avoid.
• Shareholders do not have the protections associated withownership of shares in an investment company registered under the
U.S. Investment Company Act of 1940, as amended, or the protections
afforded by the U.S. Commodity Exchange Act of 1936.
• Shareholders do not have the rights enjoyed by investors in certain
other vehicles.
• An investment in the Shares may be adversely affected bycompetition from other methods of investing in gold.
• The Trust's obligation to reimburse the Marketing Agent and the
Authorized Participants for certain liabilities in the event the Sponsor
fails to indemnify such parties could adversely affect an investment in
the Shares.
• The Trust's gold may be subject to loss, damage, theft or
restriction on access.
• The Trust may not have adequate sources of recovery if its gold is
lost, damaged, stolen or destroyed and recovery may be limited, evenin the event of fraud, to the market value of the gold at the time the fraud
is discovered.
• Failure by sub-custodians to exercise due care in the safekeepingof the Trust's gold bars could result in a loss to the Trust as neither
the Trustee nor any of the Custodians oversees or monitors the activities
of sub-custodians who may temporarily hold the Trust's gold bars until
transported to the relevant Custodian's vault premises.
• The ability of the Trustee and the Custodians to take legal action
against sub-custodians may be limited, which increases thepossibility that the Trust may suffer a loss if a sub-custodian does notuse due care in the safekeeping of the Trust's gold bars.
• The gold bullion custody operations of the Custodians are notsubject to specific governmental regulatory supervision.
• Potential conflicts of interest may arise among the Sponsor or its
affiliates and the Trust.
• Fluctuations in the exchange rate between the Singapore dollar andthe U.S. dollar may affect the value of the proceeds from a currency
conversion.
• The Shares may be subject to a tracking error risk, which is the riskthat the performance of the Shares may not track the LBMA Gold Price
PM exactly. This tracking error risk may result from the Trust regularly
selling gold to pay for its ongoing expenses, irrespective of whether the
trading price of the Shares rises or falls in response to changes in theprice of gold. There can be no assurance of the exact or identical
replication at any time of the performance of the LBMA Gold Price PM.

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• The Shares are subject to dual currency trading risk, as there is arisk that the market price on the SGX-ST of the Shares traded in one
counter may deviate from the market price on the SGX-ST of the Shares
traded in another counter due to different factors such as market
liquidity, supply or demand in each counter and exchange rate
fluctuations. In the event that trading in the USD or SGD counters on
the SGX-ST either ceases or is suspended, Shareholders may only beable to trade their Shares in the remaining counter. Buying and selling
may be inhibited if trading is ceased or delayed due to the terminationor suspension of trading in either the USD or SGD counters.
FEES AND CHARGES
WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT?
Payable directly by you for purchases and sales on the SGX-ST:
Brokerage fee for purchases Normal brokerage and other fees apply.
and sales on the SGX-ST:
SGX-ST clearing fees:
SGX-ST clearing fees of 0.0325% of thetransaction value are currently payablefor trading on the SGX-ST.

Refer to "Fees" of theSingapore Prospectus forfurther information on fees
and charges.

PRODUCT HIGHLIGHTS SHEETBrokerage fees and clearing fees may be subject to Goods and Services
Tax. Please contact your broker for further details on the fees and charges
payable directly by you.
Payable by the Trust from invested proceeds:
Sponsor's fee:
0.40% of the daily NAV of the Trust per
annum, accrued daily. The fee includes
all ordinary fees and expenses of theTrust, which include the fees andexpenses of the Sponsor, the Trustee,
the Custodians and the Marketing Agent,certain taxes and various Trustadministration fees, including printing
and mailing costs, legal and audit fees,
registration fees, listing fees and othermarketing costs and expenses. The
Sponsor does not pay any trailer feeswith respect to the Trust.
Payable by Authorized Participants:
Transaction fee on each Currently US$2,000.
creation order:
Maximum 0.10% of the value of theBasket(s) at the time the creation orderis accepted.
Transaction fee on each Currently US$2,000.
redemption order:
Maximum 0.10% of the value of theBasket(s) at the time the redemption
order is accepted.
CONTACT INFORMATIONHOW DO YOU CONTACT US?
• You may contact State Street Global Advisors Singapore Limited at+65 6826 7500 if you have queries on the Trust.

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APPENDIX: GLOSSARY OF TERMS:

means a person who (1) is a U.S. registered broker-dealer or other U.S. securities
market participant such as a bank or other financial institution which is not required
to register as a broker-dealer to engage in securities transactions, (2) is aparticipant in the Depository Trust Company ("DTC") system or member participant
in DTC, (3) has entered into an agreement with the Sponsor and the Trustee which
provides the procedures for the creation and redemption of Baskets and for thedelivery of the gold and any cash required for such creations and redemptions, ora Participant Agreement (as defined in the U.S. Prospectus), and (4) established
an unallocated account with the Custodian (if the Custodian is HSBC Bank plc) orwith any gold clearing bank of London Precious Metals Clearing Limited (if the
Custodian is JPMorgan Chase Bank, N.A.).

LBMA Gold
Price PM:means the 3:00 p.m. London time London Bullion Market Association gold price.
The LBMA gold price was established on 20 March 2015, replacing thepredecessor London Fix.

London Fix:

means the fix published by the London Gold Market Fixing Limited which provided
reference gold prices for the day's trading. The London Fix was replaced by the
LBMA gold price on 20 March 2015.

Marketing
Agent:State Street Global Advisors Funds Distributors, LLC (formerly State Street Global
Markets, LLC).

NAV:

means net asset value.

SGD:

means Singapore dollars.

USD:means United States dollars.

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PRODUCT HIGHLIGHTS SHEET

Authorized
Participant