Symbols

KBE

State Street SPDR S&P Bank ETF·NYSE

--(--)

Key Stats

Assets Under Management

1.31BUSD

Fund Flows (1Y)

-1.04BUSD

Dividend Yield

2.49%

Discount/Premium to NAV

0.04%

Shares Outstanding

22.00M

Expense Ratio

0.35%

About State Street SPDR S&P Bank ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

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

Inception Date

Nov 8, 2005

Structure

Open-Ended Fund

Index Tracked

S&P Banks 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)

KBE tracks an equal-weighted index of US banking securities and will generally invest at least 80% of its total assets in such securities. The index represents the bank segment of the S&P Total Market Index and comprises the following sub-industries: Asset Management & Custody Banks, Diversified Banks, Regional Banks, Other Diversified Financial Services, and Thrifts & Mortgage Finance. The index is also equally-weighted at each quarterly rebalancing which puts giant banks on equal footing with smaller ones (at rebalance at least) and increases the emphasis on smaller firms on the whole. KBE fills a niche by providing exposure to a broad selection of banks in an equal-weighted wrapper.