# State Street SPDR S&P Bank ETF (KBE): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/kbe for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: SPDR · Asset class: Equity - Strategy: Passive Index · Inception: 2005-11-08 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-ca... ## Key Facts | Metric | Value | |---|---| | Price | $65.87 | | Expense Ratio | 0.35% | | Assets Under Management | $1.44B | | NAV | $65.80 | | Holdings Count | 107 | | Distribution Yield (TTM) | 2.23% | | Annual Distribution (TTM) | $1.47 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $54.85 – $71.92 | | Beta | 1.12 | ## Latest Distribution - Amount: $0.3754 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-23 ## Frequently Asked Questions ### 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. ### Does KBE pay a dividend? State Street SPDR S&P Bank ETF (KBE) currently distributes little or no income. Trailing-twelve-month yield is 2.23%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does KBE pay dividends? State Street SPDR S&P Bank ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is KBE's dividend yield? KBE's trailing-twelve-month yield is 2.23%, calculated from the sum of dividends over the past year divided by the current price. ### When is KBE's next ex-dividend date? The most recently announced ex-dividend date for KBE was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will KBE's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.35% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does KBE charge its expense ratio? The expense ratio is deducted in tiny daily slices from KBE's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does KBE cost more than a fund like VOO? KBE is a passive index fund (current expense ratio 0.35%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to KBE? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as KBE (0.35%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/kbe - Distribution history: https://www.dividenddata.com/funds/kbe/dividend - Holdings & diversification: https://www.dividenddata.com/funds/kbe/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/kbe/expenses - Peer comparison: https://www.dividenddata.com/funds/kbe/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.