State Street SPDR S&P Bank ETF

Frequently Asked Questions About KBE

What does KBE invest in?

This exchange-traded fund aims to deliver investment results that generally correspond to the total return performance of the S&P Banks Select Industry Index, before accounting for fees and expenses. It provides focused exposure to the banking sector of the S&P Total Market Index, encompassing key sub-industries such as asset management, custody banks, diversified banks, regional banks, diversified financial services, and commercial and residential mortgage finance. By tracking a modified equal-weighted index, the fund ensures unconcentrated industry exposure across large, mid, and small-capitalization companies. This approach allows investors to adopt more targeted strategic or tactical positions within the financial landscape, distinguishing it from broader sector-specific investment strategies.

What is the expense ratio of KBE?

State Street SPDR S&P Bank ETF (KBE) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

How big is KBE?

State Street SPDR S&P Bank ETF (KBE) manages $1.44B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is KBE actively managed or an index fund?

KBE is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (KBE's is 0.35%) because there's no security selection cost.

When was KBE launched?

State Street SPDR S&P Bank ETF (KBE) launched in November 2005 and is managed by SPDR.

How has KBE performed?

KBE's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.