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    Centralized Systematic Valuation Aggregated Cash Flow (ACF Files)

    This information provided is calculated by Bloomberg Finance L.P., a third party not affiliated with SSGA. Neither SSGA nor its affiliates assume any liability for or guarantee the timeliness, accuracy and completeness of the information provided. The information provided is as of the date indicated and is subject to change.

    This analysis or any portion thereof may not be revised or changed in any way, reprinted, sold or redistributed without the written consent of SSGA.

    This cash flow table and the data contained herein (together, "Content") is provided for informational purposes only, on an "as is" basis. No source of Content, or any of its affiliates (each a "Source"), makes any warranty, express or implied, that the Content is accurate, complete or error-free, and it should not be relied upon as such. No Source guarantees the timeliness, reliability, performance, continued availability, or currency of the Content or any results obtained therefrom. No Source shall be liable for any damages, including without limitation, any special, punitive, indirect, incidental or consequential damages, or any lost profits, arising from the use of or reliance on the Content, even if advised of the possibility of such damages. Nothing in the Content shall constitute or be construed as an offering of financial instruments by any Source, or as investment advice or recommendations by such entities of an investment strategy or whether or not to "buy", "sell" or "hold" an investment.

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    SPDR® S&P® Bank ETF KBE

    Important Risk Disclosure

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $45.25

    as of Feb 18 2020

    Base Currency

    USD

    Assets Under Management

    $1,667.49 M

    as of Feb 18 2020

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.35%

    Quick Links

    Key Features

    Key Features

    • The SPDR® S&P® Bank ETF 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 (the "Index")
    • Seeks to provide exposure to the bank segment of the S&P TMI, which comprises the following sub-industries: asset management & custody banks, diversified banks, regional banks, other diversified financial services and thrifts & mortgage finance sub-industries
    • Seeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocks
    • Allows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing

    About this Benchmark

    About this Benchmark

    The S&P Banks Select Industry Index represents the banks segment of the S&P Total Market Index ("S&P TMI"). The S&P TMI is designed to track the broad U.S. equity market. The banks segment of the S&P TMI comprises the following sub-industries: Asset Management & Custody Banks, Diversified Banks, Regional Banks, Other Diversified Financial Services, and Thrifts & Mortgage Finance.

    Fund Information as of Feb 18 2020

    Fund Information as of Feb 18 2020
    Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Base Currency Investment Manager Management Team
    S&P Banks Select Industry Index Nov 08 2005 Yes 0.35% USD SSGA Funds Management, Inc. Global Equity Beta Solutions
    Benchmark S&P Banks Select Industry Index
    Inception Date Nov 08 2005
    Options Available Yes
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.35%
    Base Currency USD
    Investment Manager SSGA Funds Management, Inc.
    Management Team Global Equity Beta Solutions
    Distributor Distribution Frequency
    State Street Global Advisors Funds Distributors, LLC Quarterly
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Quarterly

    Listing Information as of Feb 18 2020

    Listing Information as of Feb 18 2020
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Nov 08 2005 USD KBE 78464A797 US78464A7972
    Exchange NYSE ARCA EXCHANGE
    Listing Date Nov 08 2005
    Trading Currency USD
    Ticker KBE
    CUSIP 78464A797
    ISIN US78464A7972

    Fund Characteristics as of Feb 18 2020

    Fund Characteristics as of Feb 18 2020
    Est. 3-5 Year EPS Growth

    Estimated 3-5 Year EPS Growth

    Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

    		 Number of Holdings Price/Book Ratio

    Price/Book Ratio

    The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

    		 Price/Earnings Ratio FY1

    Price/Earnings Ratio FY1

    The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

    		 Weighted Average Market Cap
    9.58% 90 1.19 11.27 $30,197.02 M
    Est. 3-5 Year EPS Growth

    Estimated 3-5 Year EPS Growth

    Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

    		 9.58%
    Number of Holdings 90
    Price/Book Ratio

    Price/Book Ratio

    The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

    		 1.19
    Price/Earnings Ratio FY1

    Price/Earnings Ratio FY1

    The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

    		 11.27
    Weighted Average Market Cap $30,197.02 M

    Index Characteristics as of Feb 18 2020

    Index Characteristics as of Feb 18 2020
    Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
    9.58% 90 10.08 11.70 11.27
    Est. 3-5 Year EPS Growth 9.58%
    Number of Holdings 90
    Price/Cash Flow 10.08
    Price/Earnings 11.70
    Price/Earnings Ratio FY1 11.27

    Index Statistics as of Feb 18 2020

    Index Statistics as of Feb 18 2020

    Average Size
    Size Range
    Weighted Average Market Cap Mean Median Largest Smallest
    $30,198.07 M $20,026.41 M $4,126.70 M $418,313.75 M $1,719.68 M
    Weighted Average Market Cap $30,198.07 M
    Average Size
    Mean $20,026.41 M
    Median $4,126.70 M
    Size Range
    Largest $418,313.75 M
    Smallest $1,719.68 M

    Yields as of Feb 14 2020

    Yields as of Feb 14 2020
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 Index Dividend Yield

    Index Dividend Yield

    The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.
    2.22% 2.41% 2.68%
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 2.22%
    Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 2.41%
    Index Dividend Yield

    Index Dividend Yield

    The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

    		 2.68%

    Fund Market Price as of Feb 18 2020

    Fund Market Price as of Feb 18 2020
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)
    $45.24 $45.23 $45.78 $44.98 355,570 -0.03%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given a given security.

    		 $45.24
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $45.23
    Day High $45.78
    Day Low $44.98
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 355,570
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 -0.03%
    Fund Data

    The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Feb 18 2020

    Fund Net Cash Amount as of Feb 18 2020
    Net Cash Amount
    $1,059,247.33
    Net Cash Amount $1,059,247.33

    Fund Net Asset Value as of Feb 18 2020

    Fund Net Asset Value as of Feb 18 2020
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $45.25 36.85M $1,667.49 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $45.25
    Shares Outstanding 36.85M
    Assets Under Management $1,667.49 M
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: Nov 08 2005
    Performance
    Month End Quarter End
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 08 2005
    Fund Before Tax
    NAV Jan 31 2020 -6.52% -6.52% -6.52% 6.32% 2.50% 9.83% 8.50% 1.34%
    Market Value Jan 31 2020 -6.54% -6.54% -6.54% 6.31% 2.49% 9.82% 8.50% 1.34%
    S&P Banks Select Industry Index Jan 31 2020 -6.50% -6.50% -6.50% 6.61% 2.81% 10.19% 8.87% 1.57%
    Fund After Tax
    Return after Taxes on Distributions Jan 31 2020 -6.52% -6.52% -6.52% 5.69% 2.04% 9.35% 8.10% 0.85%
    Return after Taxes on Distributions and Sale of Fund Shares Jan 31 2020 -3.86% -3.86% -3.86% 4.18% 1.91% 7.75% 6.90% 0.97%
    S&P Banks Select Industry Index Jan 31 2020 -6.50% -6.50% -6.50% 6.61% 2.81% 10.19% 8.87% 1.57%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 08 2005
    Fund Before Tax
    NAV Dec 31 2019 2.98% 10.31% 29.78% 29.78% 4.82% 9.11% 10.18% 1.83%
    Market Value Dec 31 2019 2.98% 10.33% 29.76% 29.76% 4.82% 9.11% 10.18% 1.83%
    S&P Banks Select Industry Index Dec 31 2019 3.02% 10.43% 30.19% 30.19% 5.12% 9.45% 10.56% 2.07%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 2.81% 10.13% 29.01% 29.01% 4.34% 8.63% 9.78% 1.34%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 1.89% 6.24% 18.10% 18.10% 3.67% 7.13% 8.34% 1.34%
    S&P Banks Select Industry Index Dec 31 2019 3.02% 10.43% 30.19% 30.19% 5.12% 9.45% 10.56% 2.07%

    as of Jan 31 2020

    as of Dec 31 2019

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    The S&P Banks Select Industry Index reflects linked performance returns of both the S&P Banks Select Industry Index and the KBW Bank Index. The index returns are reflective of the KBW Bank Index from fund inception until 10/24/2011 and of the S&P Banks Select Industry Index effective 10/24/2011.

    Gross Expense Ratio: 0.35%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Feb 18 2020
    Index Top Holdingsas of Feb 18 2020

    Fund Top Holdings as of Feb 18 2020

    Name Shares Held Weight
    Equitable Holdings Inc. 1,243,061 1.99%
    Voya Financial Inc. 528,806 1.97%
    Signature Bank 226,906 1.96%
    SVB Financial Group 122,812 1.92%
    LendingTree Inc. 95,157 1.89%
    CIT Group Inc. 668,174 1.88%
    First Republic Bank 266,619 1.87%
    Citigroup Inc. 400,948 1.87%
    Bank of America Corp 889,390 1.83%
    JPMorgan Chase & Co. 223,832 1.82%
    Download All Holdings: Daily

    Index Top Holdings as of Feb 18 2020

    Name Weight
    Equitable Holdings Inc. 1.99%
    Voya Financial Inc. 1.97%
    Signature Bank 1.97%
    SVB Financial Group 1.93%
    LendingTree Inc. 1.89%
    CIT Group Inc. 1.88%
    First Republic Bank 1.87%
    Citigroup Inc. 1.87%
    Bank of America Corp 1.83%
    JPMorgan Chase & Co. 1.82%

    Sub-Industry Allocation

    Sub-Industry Allocation

    Fund Sub-Industry Allocation as of Feb 18 2020

    Sector Weight
    Regional Banks 74.59%
    Diversified Banks 8.79%
    Thrifts & Mortgage Finance 7.38%
    Other Diversified Financial Services 3.97%
    Asset Management & Custody Banks 3.37%
    Consumer Finance 1.89%

    Index Sub-Industry Allocation as of Feb 18 2020

    Sector Weight
    Regional Banks 74.60%
    Diversified Banks 8.79%
    Thrifts & Mortgage Finance 7.38%
    Other Diversified Financial Services 3.97%
    Asset Management & Custody Banks 3.37%
    Consumer Finance 1.89%

    Fund Documents

    Fund Documents

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    SAI

    Tax Documents

    Tax Documents

    Information & Schedules

    Information & Schedules

    Insights & Investment Ideas

    Insights & Investment Ideas

    Education

    Education

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions apply.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Unless otherwise noted all information contained herein is that of the SPDR S&P Bank ETF.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    The S&P Banks Select Industry Index reflects linked performance returns of both the S&P Banks Select Industry Index and the KBW Bank Index. The index returns are reflective of the KBW Bank Index from fund inception until 10/24/2011 and of the S&P Banks Select Industry Index effective 10/24/2011.

    Questions? Feel free to

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    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. Read it carefully before investing.
     

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