The SPDR S&P Bank ETF provides exposure to the bank segment of the S&P, including diversified banks, mortgage finance companies, and asset management and custody banks, among others. Managed by State Street Global Advisors Funds Management Inc., this ETF was established in November 2005.
The SPDR S&P Bank fund's key objective is to replicate the investment performance of the S&P Banks Select Industry Index. The companies held by this fund are all part of the S&P 500, which includes large companies listed on stock exchanges within the United States. The fund generally invests at least 80% of its total assets in stocks for companies that are listed in the index. The base currency for this fund is USD.
Available on the NYSE, stock for the SPDR S&P Bank ETF is listed under the ticker KBE. This fund includes investments in the following industries: regional banks, thrifts and mortgage finance, diversified banks, asset management and custody banks, and other diversified financial services. This fund is non-diversified. As of 16 December 2021, some of the fund's top holdings included Silvergate Capital, Comerica, KeyCorp, Synovus Financial, Signature Bank, Cullen/Frost Bankers, SVB Financial, and Wells Fargo.
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