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Critical Facts You Need to Know About Preferred Stocks
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Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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SPDR® S&P Bank ETF
etf
KBE
Dividend policy
Active
Price as of:
$47.06
+0.91
+0%
primary theme
Financials Sector Equity
KBE (ETF)
SPDR® S&P Bank ETF
Dividend policy
Active
Price as of:
$47.06
+0.91
+0%
primary theme
Financials Sector Equity
KBE (ETF)
SPDR® S&P Bank ETF
Dividend policy
Active
Price as of:
$47.06
+0.91
+0%
primary theme
Financials Sector Equity
KBE - Snapshot
Vitals
- YTD Return 12.5%
- 3 Yr Annualized Return -1.6%
- 5 Yr Annualized Return 6.6%
- Net Assets $2.59 B
- Holdings in Top 10 20.4%
52 WEEK LOW AND HIGH
$46.15
$23.13
$47.06
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.35%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 30.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) N/A
- IRA N/A
Fund Classification
- Primary Theme Financials Sector Equity
- Fund Type Exchange Traded Fund
- Investment Style Financial
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$27.05
-0.88%
$988.85 M
1.42%
$0.39
blocked
blocked
blocked
10.82%
-
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
Financial Select Sector SPDR® Fund
XLF | ETF
$31.46
+0.45%
$24.73 B
1.91%
$0.60
blocked
blocked
blocked
6.72%
-
Vanguard Financials Index Fund
VFH | ETF
$77.84
+0.61%
$7.74 B
2.08%
$1.61
blocked
blocked
blocked
6.85%
-
SPDR® S&P Regional Banking ETF
KRE | ETF
$59.64
+2.16%
$1.95 B
2.47%
$1.44
blocked
blocked
blocked
14.80%
-
KBE - Profile
Distributions
- YTD Total Return 12.5%
- 3 Yr Annualized Total Return -1.6%
- 5 Yr Annualized Total Return 6.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.74%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSPDR® S&P Bank ETF
-
Fund Family NameSPDR State Street Global Advisors
-
Inception DateNov 08, 2005
-
Shares Outstanding61852118
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Feehily
Fund Description
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index tracks the performance of publicly traded national money centers and leading regional banks. It may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds.
KBE - Performance
Return Ranking - Trailing
| Period | KBE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.5% | 0.6% | 15.1% | 4.76% |
| 1 Yr | -8.7% | -33.4% | 30.7% | 81.55% |
| 3 Yr | -1.6%* | -7.1% | 12.2% | 78.35% |
| 5 Yr | 6.6%* | 0.6% | 15.9% | 77.89% |
| 10 Yr | 7.0%* | 1.5% | 12.9% | 75.58% |
* Annualized
Return Ranking - Calendar
| Period | KBE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -11.6% | -51.5% | 27.1% | 78.43% |
| 2019 | 26.6% | 10.5% | 35.3% | 35.64% |
| 2018 | -21.1% | -38.6% | -4.7% | 72.34% |
| 2017 | 8.9% | -63.0% | 29.1% | 70.00% |
| 2016 | 28.5% | -14.7% | 36.0% | 9.64% |
Total Return Ranking - Trailing
| Period | KBE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.5% | 0.6% | 15.1% | 4.76% |
| 1 Yr | -8.7% | -33.4% | 30.7% | 76.70% |
| 3 Yr | -1.6%* | -7.1% | 12.2% | 77.32% |
| 5 Yr | 6.6%* | 0.6% | 15.9% | 74.74% |
| 10 Yr | 7.0%* | 1.5% | 12.9% | 75.58% |
* Annualized
Total Return Ranking - Calendar
| Period | KBE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -11.6% | -51.5% | 27.1% | 78.43% |
| 2019 | 26.6% | 10.5% | 35.3% | 35.64% |
| 2018 | -21.1% | -36.1% | -4.7% | 79.79% |
| 2017 | 8.9% | -9.3% | 30.0% | 78.89% |
| 2016 | 28.5% | -14.7% | 37.9% | 12.05% |
KBE - Holdings
Concentration Analysis
| KBE | Category Low | Category High | KBE % Rank | |
|---|---|---|---|---|
| Net Assets | 2.59 B | 346 K | 24.7 B | 3.74% |
| Number of Holdings | 91 | 20 | 419 | 21.90% |
| Net Assets in Top 10 | 526 M | 216 K | 13.3 B | 7.62% |
| Weighting of Top 10 | 20.37% | 15.5% | 83.2% | 92.38% |
Top 10 Holdings
- CIT Group Inc 2.91%
- First Republic Bank 2.16%
- SVB Financial Group 2.11%
- Regions Financial Corp 2.04%
- People's United Financial Inc 2.03%
- JPMorgan Chase & Co 2.02%
- Bank of America Corp 2.02%
- Comerica Inc 2.02%
- PennyMac Financial Services Inc Class A 2.01%
- Sterling Bancorp 2.01%
Asset Allocation
| Weighting | Return Low | Return High | KBE % Rank | |
|---|---|---|---|---|
| Stocks | 99.92% | 85.38% | 100.24% | 8.57% |
| Cash | 0.08% | -0.57% | 8.14% | 90.48% |
| Preferred Stocks | 0.00% | 0.00% | 13.74% | 39.05% |
| Other | 0.00% | -0.86% | 2.32% | 41.90% |
| Convertible Bonds | 0.00% | 0.00% | 0.72% | 40.00% |
| Bonds | 0.00% | -0.32% | 0.00% | 36.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | KBE % Rank | |
|---|---|---|---|---|
| Financial Services | 100.00% | 31.83% | 100.00% | 7.62% |
| Utilities | 0.00% | 0.00% | 0.10% | 36.19% |
| Technology | 0.00% | 0.00% | 26.38% | 60.00% |
| Real Estate | 0.00% | 0.00% | 37.05% | 60.95% |
| Industrials | 0.00% | 0.00% | 9.33% | 57.14% |
| Healthcare | 0.00% | 0.00% | 4.72% | 37.14% |
| Energy | 0.00% | 0.00% | 0.00% | 36.19% |
| Communication Services | 0.00% | 0.00% | 4.35% | 43.81% |
| Consumer Defense | 0.00% | 0.00% | 2.86% | 37.14% |
| Consumer Cyclical | 0.00% | 0.00% | 56.96% | 55.24% |
| Basic Materials | 0.00% | 0.00% | 4.44% | 37.14% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | KBE % Rank | |
|---|---|---|---|---|
| US | 98.43% | 0.00% | 99.85% | 19.05% |
| Non US | 1.49% | 0.00% | 98.58% | 77.14% |
KBE - Expenses
Operational Fees
| KBE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.08% | 4.21% | 88.35% |
| Management Fee | 0.35% | 0.00% | 1.25% | 9.35% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.10% | 0.25% | N/A |
Sales Fees
| KBE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| KBE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| KBE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 1.00% | 360.00% | 59.41% |
KBE - Distributions
Dividend Yield Analysis
| KBE | Category Low | Category High | KBE % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.53% | 0.00% | 8.19% | 15.89% |
Dividend Distribution Analysis
| KBE | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| KBE | Category Low | Category High | KBE % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.74% | -2.04% | 9.95% | 11.43% |
Capital Gain Distribution Analysis
| KBE | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 24, 2020 | $0.281 |
| Jun 25, 2020 | $0.279 |
| Mar 26, 2020 | $0.162 |
| Dec 26, 2019 | $0.333 |
| Sep 25, 2019 | $0.265 |
| Jun 26, 2019 | $0.292 |
| Mar 20, 2019 | $0.212 |
| Dec 27, 2018 | $0.262 |
| Sep 26, 2018 | $0.225 |
| Jun 20, 2018 | $0.170 |
| Mar 21, 2018 | $0.159 |
| Dec 26, 2017 | $0.213 |
| Sep 25, 2017 | $0.165 |
| Jun 26, 2017 | $0.153 |
| Mar 27, 2017 | $0.110 |
| Dec 27, 2016 | $0.184 |
| Sep 26, 2016 | $0.148 |
| Jun 27, 2016 | $0.146 |
| Mar 29, 2016 | $0.127 |
| Dec 29, 2015 | $0.175 |
| Sep 28, 2015 | $0.142 |
| Jun 29, 2015 | $0.139 |
| Mar 30, 2015 | $0.117 |
| Dec 30, 2014 | $0.167 |
| Sep 29, 2014 | $0.133 |
| Jun 30, 2014 | $0.128 |
| Mar 31, 2014 | $0.106 |
| Dec 31, 2013 | $0.112 |
| Sep 30, 2013 | $0.119 |
| Jul 01, 2013 | $0.120 |
| Mar 25, 2013 | $0.105 |
| Jan 04, 2013 | $0.207 |
| Oct 03, 2012 | $0.106 |
| Jun 27, 2012 | $0.110 |
| Mar 28, 2012 | $0.071 |
| Dec 29, 2011 | $0.150 |
| Sep 28, 2011 | $0.092 |
| Jun 29, 2011 | $0.086 |
| Mar 30, 2011 | $0.046 |
| Dec 30, 2010 | $0.035 |
| Sep 29, 2010 | $0.033 |
| Jun 30, 2010 | $0.033 |
| Mar 31, 2010 | $0.032 |
| Dec 31, 2009 | $0.016 |
| Sep 30, 2009 | $0.079 |
| Jul 01, 2009 | $0.121 |
| Apr 01, 2009 | $0.142 |
| Jan 02, 2009 | $0.168 |
| Oct 01, 2008 | $0.373 |
| Jul 02, 2008 | $0.422 |
| Apr 02, 2008 | $0.415 |
| Jan 04, 2008 | $0.515 |
| Oct 03, 2007 | $0.421 |
KBE - Fund Manager Analysis
Managers
Michael Feehily
Start Date
Tenure
Tenure Rank
Oct 31, 2011
9.18
9.2%
Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.
Karl Schneider
Start Date
Tenure
Tenure Rank
Oct 31, 2014
6.17
6.2%
Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.
Melissa Kapitulik
Start Date
Tenure
Tenure Rank
Oct 31, 2018
2.17
2.2%
Melissa is a Vice President at SSgA FM and a Senior Portfolio Manager in the Global Equity Beta Solutions team where she currently manages several of the firm's commingled US and international strategies as well as US and international/emerging ETFs and other separately managed domestic and international funds. Additionally, Melissa manages synthetic beta strategies, including hedge fund replication. Prior to her current role, Melissa worked on SSgA's Trident Project RKS implementation. Ms. Kapitulik joined SSGA FM in 2006. Before joining SSgA, Melissa was a consultant – specializing in accounting system implementations for investment management companies – and was responsible for the design and development of a wide variety of applications. She began her career at PIMCO, where she worked for several years as a trading assistant in Global Fixed Income. Melissa holds a Bachelor of Science degree in Finance from Villanova University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.34 | 24.01 | 6.88 | 0.71 |
