Core Insights - The State Street SPDR S&P Regional Banking ETF (KRE) is designed to provide broad exposure to the Financials - Regional Banks segment, launched on June 19, 2006 [1] - KRE has gained popularity among retail and institutional investors due to its low costs, transparency, flexibility, and tax efficiency [1][2] Fund Overview - KRE has amassed over $3.79 billion in assets, making it one of the larger ETFs in the Financials - Regional Banks segment [3] - The ETF aims to match the performance of the S&P Regional Banks Select Industry Index [3] Cost Structure - KRE has annual operating expenses of 0.35%, positioning it as one of the least expensive options in its category [4] - The ETF offers a 12-month trailing dividend yield of 2.36% [4] Sector Exposure and Holdings - The ETF is fully allocated to the Financials sector, with about 100% of its portfolio in this area [5] - Cadence Bank (CADE) constitutes approximately 2.16% of total assets, with the top 10 holdings making up about 20.25% of total assets [6] Performance Metrics - KRE has increased by about 13.04% and is up approximately 4.83% year-to-date as of December 11, 2025 [7] - The ETF has traded between $48.81 and $67.05 over the past 52 weeks, with a beta of 0.91 and a standard deviation of 31.55% for the trailing three-year period [7] Alternatives - KRE carries a Zacks ETF Rank of 3 (Hold), indicating it is a viable option for investors seeking exposure to Financials ETFs [8] - Other alternatives include Invesco KBW Regional Banking ETF (KBWR) and iShares U.S. Regional Banks ETF (IAT), with respective assets of $53.48 million and $584.57 million [9]

Core Viewpoint - The State Street SPDR S&P Regional Banking ETF (KRE) is a smart beta ETF that provides broad exposure to the financial sector, specifically regional banks, and has amassed significant assets since its inception [1][5]. Fund Overview - KRE debuted on June 19, 2006, and is managed by State Street Investment Management [1][5]. - The ETF has accumulated over $3.44 billion in assets, making it one of the larger ETFs in the Financials category [5]. - KRE aims to match the performance of the S&P Regional Banks Select Industry Index, which represents the regional banks segment of the S&P Total Market Index [5]. Cost and Performance - The annual operating expense ratio for KRE is 0.35%, positioning it as one of the least expensive options in its category [6]. - The fund has a 12-month trailing dividend yield of 2.48% [6]. - Year-to-date, KRE has increased by approximately 7.46%, but it has decreased by about -3.64% over the past year [10]. - The ETF has traded between $48.81 and $66.71 in the last 52 weeks [10]. Holdings and Sector Exposure - KRE's portfolio is entirely allocated to the Financials sector, providing diversified exposure and minimizing single stock risk [7]. - Cadence Bank (CADE) constitutes about 2.16% of the fund's total assets, with the top 10 holdings accounting for approximately 20.25% of total assets under management [8]. Risk Profile - KRE has a beta of 0.96 and a standard deviation of 31.63% over the trailing three-year period, indicating a high-risk profile within its sector [10]. - The fund includes around 150 holdings, which helps to effectively diversify company-specific risk [10]. Alternatives - Other ETFs in the regional banking space include Invesco KBW Regional Banking ETF (KBWR) and iShares U.S. Regional Banks ETF (IAT), with KBWR having $51.44 million in assets and IAT having $543.71 million [12]. - Both alternatives have similar expense ratios, with KBWR at 0.35% and IAT at 0.38% [12].

Core Insights - The iShares U.S. Regional Banks ETF (IAT) provides broad exposure to the Financials - Regional Banks segment and is passively managed, appealing to both retail and institutional investors [1][2] - The ETF has over $600.95 million in assets and aims to match the performance of the Dow Jones U.S. Select Regional Banks Index [3][4] Fund Details - The ETF has an annual operating expense ratio of 0.4% and a 12-month trailing dividend yield of 3% [5] - It offers 100% exposure to the Financials sector, with PNC Financial Services Group Inc (PNC) being the largest holding at approximately 13.99% of total assets [6][7] Performance Metrics - As of August 6, 2025, the ETF has experienced a year-to-date loss of about 0.03% but is up approximately 16.98% over the past year [8] - The ETF has a beta of 0.94 and a standard deviation of 30.55% over the trailing three-year period, indicating a higher risk profile [8] Alternatives - The iShares U.S. Regional Banks ETF holds a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Financials ETFs [9] - Other alternatives include the Invesco KBW Regional Banking ETF (KBWR) and the SPDR S&P Regional Banking ETF (KRE), with respective assets of $49.57 million and $3.25 billion [10]