State Street SPDR S&P Capital Markets ETF

Frequently Asked Questions About KCE

What does KCE invest in?

KCE offers an equal-weighted portfolio of capital markets companies. These companies are defined as those publicly-traded names that do business as broker-dealers, asset managers, trust and custody banks or exchanges. The passively-managed fund selects its constituents based on market cap and its equal-weighting strategy causes the fund to tilt much smaller than our benchmark, with all of the associated risks that go along with it. Although the fund launched in 2005, it underwent a material index change in October 2011. The fund's exposure is predominantly investment management companies such as State Street, Northern Trust, and Charles Schwab, and its concentrated portfolio is relatively evenly split between large-, mid-, and small-cap securities giving it exposure to the full size spectrum of capital markets companies. The underlying index is rebalanced quarterly. Prior to Oct. 31, 2025 the Issuer did not use the branding of State Street in the fund name.

What is the expense ratio of KCE?

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

How big is KCE?

State Street SPDR S&P Capital Markets ETF (KCE) manages $447.5M 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 KCE actively managed or an index fund?

KCE's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was KCE launched?

State Street SPDR S&P Capital Markets ETF (KCE) launched in November 2005 and is managed by SPDR.

How has KCE performed?

KCE'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.