KRE
State Street SPDR S&P Regional Banking ETF
📎 Investment Objective
The 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 the S&P Regional Banks Select Industry Index.
Overview
ETF tracking State Street SPDR S&P Regional Banking ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The 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 the S&P Regional Banks Select Industry Index.
🎯 Investment Strategy
The fund employs a passive management approach, attempting to track the performance of the underlying index by investing in a representative sample of the securities included in the index. The index includes companies from the regional banks industry within the S&P Total Market Index.
✨ Key Features
- Provides exposure to regional banks in the United States
- Passively tracks the S&P Regional Banks Select Industry Index
- Low expense ratio of 0.00%
- Relatively small fund with $0 in assets under management
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single industry sector
- Potential volatility due to the smaller size and regional focus of the underlying companies
- Tracking error risk as the fund may not perfectly replicate the performance of the underlying index
- Lack of performance history as the fund has not yet reported 1-year, 3-year, or 5-year returns
👤 Best For
This ETF may be suitable for investors seeking exposure to the regional banking industry as part of a diversified portfolio. However, due to the lack of performance history and small asset size, it may be more appropriate for experienced investors with a higher risk tolerance.
Top Holdings
| Rank | Ticker | Name | Weight | Sector |
|---|---|---|---|---|
| 1 | CADE | CADENCE BANK | 2.17% | - |
| 2 | COLB | COLUMBIA BANKING SYSTEM INC | 2.16% | - |
| 3 | VLY | VALLEY NATIONAL BANCORP | 2.12% | - |
| 4 | CFG | CITIZENS FINANCIAL GROUP | 2.11% | - |
| 5 | PB | PROSPERITY BANCSHARES INC | 2.10% | - |
| 6 | TFC | TRUIST FINANCIAL CORP | 2.10% | - |
| 7 | FNB | FNB CORP | 2.04% | - |
| 8 | EWBC | EAST WEST BANCORP INC | 2.03% | - |
| 9 | FHN | FIRST HORIZON CORP | 2.00% | - |
| 10 | MTB | M + T BANK CORP | 1.99% | - |
| 11 | BPOP | POPULAR INC | 1.96% | - |
| 12 | ONB | OLD NATIONAL BANCORP | 1.95% | - |
| 13 | RF | REGIONS FINANCIAL CORP | 1.95% | - |
| 14 | WBS | WEBSTER FINANCIAL CORP | 1.94% | - |
| 15 | PNFP | PINNACLE FINANCIAL PARTNERS | 1.90% | - |