(KBE) SPDR S&P Bank - Ratings and Ratios

The SPDR® S&P Bank ETF (NYSE ARCA: KBE) is designed to provide exposure to the banking sector within the broader U.S. equity market. It primarily invests at least 80% of its total assets in the securities that make up its underlying index, which is a subset of the S&P Total Market Index (S&P TMI). The S&P TMI is a comprehensive index that aims to represent nearly all publicly traded U.S. companies, making it one of the most extensive measures of the U.S. equity market.

The funds underlying index focuses specifically on the banks segment of the S&P TMI, offering investors targeted exposure to the U.S. banking industry. This includes regional banks, thrifts, and other financial institutions. While the ETF is designed to track the performance of its index, it retains flexibility to invest in other equity securities not included in the index, as well as cash, cash equivalents, and money market instruments such as repurchase agreements and money market funds.

As of the latest data, the SPDR® S&P Bank ETF has approximately $2.684 billion in assets under management (AUM). The fund is structured as a U.S. domiciled ETF, listed on the NYSE ARCA under the ticker symbol KBE. It falls under the Financial sector within the ETF category, making it a targeted tool for investors seeking exposure to the banking industry.