SPDR S&P Regional Banking ETF (KRE) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the regional banking segment of the U.S. banking industry. In seeking to track the performance of the S&P Regional Banks 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 regional banks segment of the S&P Total Market Index (“S&P TMI”).
Fund Overview
- Net Assets 5.12 Billions
- YTD Daily Total Return 44.20%
- Yield 2.16%
- Annual Expense Ratio 0.35%
The SPDR S&P Regional Banking ETF is offered by State Street Global Advisors, some of the most highly regarded financial professionals on Wall Street.
Performance Overview
- 44.20% YTD Daily Total Return
- 86.80% 1-Year Daily Total Return
- 13.64% 3-Year Daily Total Return
The vast majority of holdings in the fund are securities offered by large-cap regional bank issuers. Some of the largest holdings in the fund include Silvergate Capital Corp (SI), PNC Financial Services Group (PNC), East West Bancorp (EWBC), Pinnacle Financial Partners (PNFP), and Huntington Bancshares (HBAN).
Top 10 Holdings (16.72% of Total Assets)
| Name | Symbol | % Assets |
|---|---|---|
| Silvergate Capital Corp Class A | SI | 1.95% |
| PNC Financial Services Group Inc | PNC | 1.68% |
| East West Bancorp Inc | EWBC | 1.65% |
| Pinnacle Financial Partners Inc | PNFP | 1.65% |
| Huntington Bancshares Inc | HBAN | 1.64% |
| Signature Bank | SBNY | 1.64% |
| SVB Financial Group | SIVB | 1.64% |
| First Republic Bank | FRC | 1.63% |
| CIT Group Inc | CIT | 1.62% |
| First Citizens BancShares Inc Class A | FCNCA | 1.62% |
Therefore, investors should buy and own KRE to gain exposure to some of the largest, most successful regional financial companies in the United States.