Market Shares:

• Regional Banks: approx. 70%
• Diversified Financial Services: approx. 15%
• Real Estate Financing: approx. 10%
• Other Financial Services: approx. 5%

TOP 3 Markets:

• USA: approx. 85%
• Canada: approx. 10%
• Europe: approx. 5%

The SPDR S&P Regional Banking ETF mainly focuses on the US market, as the majority of regional banks are based in the USA. Revenues primarily come from the banking sector, especially from regional banks operating in local markets. A smaller portion of revenues comes from diversified financial services and real estate financing. Canada and Europe also contribute to the revenues, but to a significantly lesser extent.

SPDR Series Trust - State Street SPDR S&P Regional Banking ETF (ARCA:KRE)

The SPDR S&P Regional Banking ETF is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in a variety of regional banks in the United States and tracks the performance of the S&P Regional Banks Select Industry Index. Therefore, there are no production facilities or physical products associated with this ETF. The focus is on managing and trading financial assets.

Current Strategy: Diversification and Risk Management
Focus: Investments in regional banks and financial institutions

The SPDR S&P Regional Banking ETF (KRE) pursues a strategy that aims at diversification within the regional banking sector. This strategy involves investments in a variety of regional banks and financial institutions to spread the risk and benefit from different regional economic developments.

Another focus is on risk management to minimize the volatility that could be associated with specific regional economic challenges. This is achieved by selecting banks with solid balance sheets and strong capitalization rates.

Additionally, the ETF could benefit from potential interest rate hikes, as higher interest rates typically lead to higher margins for banks. The strategy also includes adapting to regulatory changes and technological developments in the banking sector to secure long-term growth.

Commodities/Materials: No specific commodities or materials

The SPDR S&P Regional Banking ETF (ARCA:KRE) is an exchange-traded fund that focuses on regional banks in the USA. As a financial ETF, it does not import physical commodities or materials. Instead, the ETF invests in stocks of regional banks and financial institutions.

The performance of the ETF depends on the economic health of regional banks, which is influenced by factors such as interest rates, lending practices, and economic conditions. Commodity imports are not relevant for this ETF, as it does not trade or require physical goods.

Current Net Asset Value (NAV): $55.30 (2025) Annual Return: -3.5% (2024) Assets Under Management: $3.8 billion (2025)

The SPDR S&P Regional Banking ETF (KRE) is an exchange-traded fund that focuses on regional banks in the USA. The competitive advantage of this ETF lies in its broad diversification across numerous regional banks, reducing the risk of individual bank defaults.

However, the competitive advantage is limited by the volatility of the banking sector, especially in times of economic uncertainty or rising interest rates. Regional banks are often more dependent on local economic conditions, which can lead to fluctuations in the ETF's performance.

In addition, KRE competes with other financial ETFs that may offer lower fees or broader diversification. Nevertheless, KRE remains attractive for investors who specifically want to invest in the regional banking sector.

Institutional Investor Share: 65% (estimated, 2025)

Insider Buys/Sells: No significant insider transactions reported (2025)

The SPDR S&P Regional Banking ETF (KRE) is predominantly held by institutional investors, which is typical for ETFs as they are often purchased in large quantities by institutional investors such as pension funds and investment companies. The institutional investor share is approximately 65%, based on typical ownership patterns for ETFs of this kind.

Insider transactions are less relevant for ETFs as they do not represent individual companies but a basket of stocks. Therefore, there are usually no significant insider buys or sells reported.

Market share of SPDR S&P Regional Banking ETF (KRE): Approximately 20% (2025)

Top competitors and their market shares:

1. iShares U.S. Regional Banks ETF (IAT): 18%
2. Invesco KBW Regional Banking ETF (KBWR): 15%
3. First Trust NASDAQ ABA Community Bank Index Fund (QABA): 12%
4. Vanguard Financials ETF (VFH): 10%
5. SPDR S&P Bank ETF (KBE): 8%

Moat Analysis:

The SPDR S&P Regional Banking ETF (KRE) holds a significant market share in the regional bank ETF space, attributed to strong brand recognition and broad sector diversification. The ETF benefits from comprehensive coverage of regional banks, providing it with a certain level of stability and risk diversification.

Compared to its competitors, KRE has the advantage of high liquidity and a long history, making it attractive to institutional and retail investors. This can be seen as a moat, as it reduces transaction costs and facilitates trading.

However, some competitors, such as the iShares U.S. Regional Banks ETF (IAT), have also established strong positions through specialized strategies and lower cost structures. These ETFs may outperform in specific market conditions, representing their own moats.

Overall, KRE has a solid moat, but the competition is fierce, and some competitors offer specific advantages that could be beneficial in certain market phases.

Assets under Management (AUM): 3.5 billion USD (2025)

Annual Total Expense Ratio: 0.35% (2025)

The SPDR S&P Regional Banking ETF (KRE) provides investors with access to a broad range of regional banks in the USA. The assets under management currently amount to approximately 3.5 billion USD, indicating a solid interest from investors. The annual total expense ratio of 0.35% is competitive, allowing investors to invest cost-effectively in the regional banking sector.

Regional banks can benefit from rising interest rates as they typically generate a large portion of their revenues from interest margins. The current economic situation and the Federal Reserve's interest rate policy could have a positive impact on the profitability of these banks.

However, it is important to note that regional banks are also more vulnerable to economic downturns and regional economic challenges. Therefore, investors should closely monitor the economic conditions in the regions where these banks operate.

Overall, the KRE ETF provides a diversified way to invest in the regional banking sector, with the potential to benefit from rising interest rates. However, investors should consider the specific risks and economic conditions before investing.

Dividend yield: 3.5% (estimated for 2025)
Payout frequency: Quarterly

The SPDR S&P Regional Banking ETF (KRE) regularly pays dividends to its investors. The payout usually occurs quarterly and is based on the earnings of the regional banks included in the ETF.

The reliability of dividend payments heavily depends on the performance of the underlying banks. In recent years, the payout has been relatively stable, but economic fluctuations and changes in the banking sector can influence the dividend amount.

Analysts closely monitor the banking sector as macroeconomic factors such as interest rates and regulatory changes can affect the banks' earnings and thus the ETF's dividends.