SPDR S&P Insurance ETF (NYSE:KIE) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies in the insurance industry. In seeking to track the performance of the S&P Insurance Select Industry Index (the “index”), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance segment of the S&P Total Market Index (“S&P TMI”).

finviz dynamic chart for KIE

Fund Overview

  • Net Assets 705.68 Millions
  • YTD Daily Total Return 18.79%
  • Yield 1.84%
  • Annual Expense Ratio 0.35%

Performance Overview

  • 18.79% YTD Daily Total Return
  • 35.15% 1-Year Daily Total Return
  • 10.27% 3-Year Daily Total Return

This ETF holds shares of 50 publicly traded insurance companies, which are equally weighted in the portfolio. Large or small, each company makes up 2% of the fund when it’s rebalanced each quarter. It invests in all things insurance, even insurance brokers, which generate the majority of their revenue and profit by marketing and selling policies, rather than taking on the risk of a policy.

Top 10 Holdings (20.99% of Total Assets)

NameSymbol% Assets
Goosehead Insurance Inc Class AGSHD2.41%
Trupanion IncTRUP2.38%
Athene Holding Ltd Class AATH2.12%
Progressive CorpPGR2.07%
Lemonade Inc Ordinary SharesLMND2.04%
Brown & Brown IncBRO2.01%
Marsh & McLennan Companies IncMMC2.00%
White Mountains Insurance Group LtdWTM2.00%
Assured Guaranty LtdAGO1.99%
American Financial Group IncAFG1.97%

This ETF is best for investors who want broad diversification and the opportunity to profit as the industry consolidates. Because fund holdings are equally weighted, it is more heavily invested in companies that would make bite-size acquisitions for larger industry participants.

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