State Street SPDR S&P Bank ETF
KBE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- One Iron Street Boston MA United States of America 2210
- IPO Date
- Nov 15, 2005
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR S&P Bank ETF (KBE) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Banks Select Industry Index. Launched on November 8, 2005, and managed by State Street Global Advisors (SSGA), a division of State Street Corporation headquartered in Boston, Massachusetts, the ETF tracks an equal-weighted index comprising U.S. banking firms across sub-industries including asset management and custody banks; diversified banks; regional banks; other diversified financial services; and thrifts and mortgage finance. It primarily invests at least 80% of its total assets in securities from the index, offering investors exposure to approximately 99-103 holdings such as Rocket Companies, Inc., Mr. Cooper Group Inc., The Bancorp, Inc., PennyMac Financial Services, Axos Financial, Comerica Inc., BankUnited Inc., and larger institutions like Citigroup Inc., Wells Fargo & Co., and Bank of America Corp., with no single holding exceeding about 1.5% weight due to quarterly equal-weight rebalancing. The fund targets investors seeking long-term growth through the cyclical banking sector, which is influenced by interest rates, economic conditions, and regulations, and features a net expense ratio of 0.35%, a dividend yield around 2.5%, and assets under management of approximately $1.35-1.53 billion as of late 2025. Geographically, KBE focuses exclusively on U.S.-based banking securities, providing concentrated exposure to domestic financial institutions without international operations. In recent developments, the ETF experienced net outflows of roughly $557-719 million over the past year amid market volatility and sector pressures, alongside NAV returns reflecting a 17.53% yearly increase but recent monthly declines of about 2.23% as of late 2025. Holdings continue to emphasize smaller and mid-sized banks through equal weighting, with turnover at 22% and a recent ex-dividend date of September 22, 2025; no major structural changes, acquisitions, or new product launches by SSGA specific to KBE were reported in the last 1-2 years. The fund maintains its passive management strategy, replicating the benchmark's performance without active strategic shifts.