Symbols

KIE

State Street SPDR S&P Insurance ETF·ARCA

--(--)

Key Stats

Assets Under Management

479.62MUSD

Fund Flows (1Y)

-463.52MUSD

Dividend Yield

1.59%

Discount/Premium to NAV

-0.06%

Shares Outstanding

8.40M

Expense Ratio

0.35%

About State Street SPDR S&P Insurance ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-sp-insurance-etf-kie

Inception Date

Nov 8, 2005

Structure

Open-Ended Fund

Index Tracked

S&P Insurance Select Industry Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

KIE remains true to the definition of an insurance company; however, its selection universe and equal-weighting scheme narrow its stock universe, resulting in a portfolio that is very different from other funds in the segment. The fund underweights property and casualty insurance in favor of a significant overweighting to reinsurance companies. It also reduces its concentration risk—good news in a top-heavy sector. Overall, this fund is designed for those looking for unconventional exposure to the insurance sector.