SPDR S&P Insurance ETF (KIE)

quarterly-dividends equal-weight sp-500-subset

A passively managed fund focused on the insurance sector. It tracks the S&P Insurance Select Industry Index. KIE has an expense ratio of 0.35%, which is moderate for a sector-specific ETF. The fund distributes dividends quarterly, providing regular income to investors. Unlike many sector ETFs, KIE employs an equal-weight methodology, giving similar importance to each holding regardless of market capitalization. This approach is a key differentiating quality, as it reduces concentration risk and provides more balanced exposure across the insurance industry, including smaller companies. The equal-weight strategy can potentially lead to higher volatility but may also capture growth in smaller insurers more effectively. KIE typically holds around 50 to 60 stocks, representing a diverse range of insurance companies, including property and casualty insurers, life insurers, and insurance brokers.