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 $1.71B 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.