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    SPDR® S&P® Bank ETF KBE

    Morningstar Fund Comparison
    Morningstar Fund Comparison
    NAV
    $46.32
    as of Dec 08 2022
    Base Currency
    USD
    Assets Under Management
    $1,929.49 M
    as of Dec 08 2022
    Gross Expense Ratio
    0.35%

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    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

    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 Dec 09 2022

    Benchmark S&P Banks Select Industry Index
    Inception Date Nov 08 2005
    Options Available Yes
    Gross Expense Ratio
    		 0.35%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager SSGA Funds Management, Inc.
    Management Team Global Equity Beta Solutions
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Quarterly

    Listing Information as of Dec 09 2022

    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Nov 08 2005 USD KBE 78464A797 US78464A7972

    Fund Characteristics as of Dec 08 2022

    Est. 3-5 Year EPS Growth
    		 7.18%
    Number of Holdings 99
    Price/Book Ratio
    		 1.20
    Price/Earnings Ratio FY1
    		 9.19
    Weighted Average Market Cap $23,532.09 M

    Index Characteristics as of Dec 08 2022

    Est. 3-5 Year EPS Growth 7.18%
    Number of Holdings 99
    Price/Cash Flow 4.22
    Price/Earnings 7.15
    Price/Earnings Ratio FY1 9.19

    Index Statistics as of Dec 08 2022

    Average Size Size Range
    Weighted Average Market Cap Mean Median Largest Smallest
    $23,532.13 M $16,934.35 M $3,995.80 M $389,764.30 M $730.37 M

    Yields as of Dec 07 2022

    30 Day SEC Yield
    		 2.55%
    30 Day SEC Yield (Unsubsidized)
    		 -
    Fund Distribution Yield
    		 2.79%
    Index Dividend Yield
    		 2.99%

    Fund Market Price as of Dec 08 2022

    Bid/Ask
    		 $46.32
    Closing Price
    		 $46.30
    Day High $46.65
    Day Low $46.04
    Exchange Volume (Shares)
    		 473,123
    Premium/Discount
    		 -0.01%
    30-Day Median Bid/Ask Spread
    		 0.02%

    Premium Discount to NAV Graph and Summary

    Number of Days Summary

    Calendar Year 2021 First Quarter of 2022 Second Quarter of 2022 Third Quarter of 2022
    Days Traded at Premium
    		 131 24 32 25
    Days Traded at Discount
    		 121 38 30 39
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    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 Dec 08 2022

    Net Cash Amount $3,489,468.84

    Fund Net Asset Value as of Dec 08 2022

    NAV
    		 $46.32
    Shares Outstanding 41.65 M
    Assets Under Management $1,929.49 M
    Most Recent NAV / NAV History

    Fund Performance

    • Fund Inception Date: Nov 08 2005

    as of Nov 30 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 08 2005
    Fund Before Tax
    NAV Nov 30 2022 2.04% 11.95% -7.40% -5.31% 5.11% 3.33% 10.08% 2.23%
    Market Value Nov 30 2022 2.00% 11.84% -7.42% -5.36% 5.10% 3.33% 10.09% 2.23%
    S&P Banks Select Industry Index Nov 30 2022 2.08% 12.04% -7.12% -4.97% 5.46% 3.65% 10.45% 2.49%
    Fund After Tax
    Return after Taxes on Distributions Nov 30 2022 2.04% 11.95% -8.12% -6.19% 4.34% 2.67% 9.52% 1.70%
    Return after Taxes on Distributions and Sale of Fund Shares Nov 30 2022 1.21% 7.07% -4.39% -3.04% 3.75% 2.43% 8.18% 1.63%
    S&P Banks Select Industry Index Nov 30 2022 2.08% 12.04% -7.12% -4.97% 5.46% 3.65% 10.45% 2.49%

    as of Sep 30 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 08 2005
    Fund Before Tax
    NAV Sep 30 2022 -6.56% 1.50% -17.28% -14.12% 3.58% 2.08% 8.74% 1.58%
    Market Value Sep 30 2022 -6.52% 1.51% -17.23% -14.09% 3.61% 2.09% 8.75% 1.58%
    S&P Banks Select Industry Index Sep 30 2022 -6.55% 1.55% -17.10% -13.83% 3.91% 2.39% 9.11% 1.83%
    Fund After Tax
    Return after Taxes on Distributions Sep 30 2022 -6.80% 1.23% -17.93% -14.92% 2.81% 1.43% 8.18% 1.04%
    Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2022 -3.88% 0.89% -10.20% -8.19% 2.61% 1.51% 7.05% 1.13%
    S&P Banks Select Industry Index Sep 30 2022 -6.55% 1.55% -17.10% -13.83% 3.91% 2.39% 9.11% 1.83%

    Past performance is not a reliable indicator of future performance. 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.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

    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

    as of Dec 08 2022
    as of Dec 08 2022

    Fund Top Holdings as of Dec 08 2022

    Name Shares Held Weight
    JPMorgan Chase & Co. 244,647 1.69%
    Jackson Financial Incorporation Class A 882,683 1.65%
    Apollo Global Management Inc. 501,713 1.64%
    First Horizon Corporation 1,254,501 1.60%
    Huntington Bancshares Incorporated 2,061,857 1.57%
    Citizens Financial Group Inc. 760,827 1.57%
    Bank of New York Mellon Corp 660,512 1.53%
    Prosperity Bancshares Inc.(R) 409,949 1.53%
    Equitable Holdings Inc. 954,026 1.51%
    Regions Financial Corporation 1,312,686 1.51%
    Download All Holdings: Daily

    Index Top Holdings as of Dec 08 2022

    Name Weight
    JPMorgan Chase & Co. 1.69%
    Jackson Financial Incorporation Class A 1.65%
    Apollo Global Management Inc. 1.64%
    First Horizon Corporation 1.60%
    Huntington Bancshares Incorporated 1.57%
    Citizens Financial Group Inc. 1.57%
    Bank of New York Mellon Corp 1.53%
    Prosperity Bancshares Inc.(R) 1.53%
    Equitable Holdings Inc. 1.51%
    Regions Financial Corporation 1.51%

    Sub-Industry Allocation

    as of Dec 08 2022
    as of Dec 08 2022

    Fund Sub-Industry Allocation as of Dec 08 2022

    Sector Weight
    Regional Banks 74.58%
    Thrifts & Mortgage Finance 9.00%
    Diversified Banks 7.26%
    Other Diversified Financial Services 6.29%
    Asset Management & Custody Banks 2.87%

    Index Sub-Industry Allocation as of Dec 08 2022

    Sector Weight
    Regional Banks 74.58%
    Thrifts & Mortgage Finance 9.00%
    Diversified Banks 7.26%
    Other Diversified Financial Services 6.29%
    Asset Management & Custody Banks 2.87%

    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.

    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.

    Content on this site is approved for Investment Professional use only.

     

    View More Information About Our Firm: FINRA's BrokerCheck

     

    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

     

    Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.

     

    Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC,  an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
     

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    The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
     

    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.
     

    Not FDIC Insured * No Bank Guarantee * May Lose Value

    2732006.7.1.AM.INST

    Exp. 01.31.2023

     

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