Best Fit Financial Services Funds ETFs
U.S. News evaluated 43 Financial Services Funds ETFs and 12 make our Best Fit list. Our list highlights the best passively managed funds for long-term investors. Rankings are assigned based on comparisons with Best Fit funds in this category.
| Best Fit Scorecard | |
|---|---|
| Costs | Good |
| Tracking Error | Good |
| Bid/Ask Ratio | Good |
| Holdings Diversity | Good |
Fund Description
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the KBW Bank Index. The fund generally invests at least 90% of assets in securities of national money centers (which are banks with more than $50 billion in assets and that have a branch network across geographic regions) and regional banks and thrifts that are listed on a U.S. national securities exchange. It concentrates its investments in securities of issuers in any one industry or sector only to the extent that the underlying index reflects a concentration in that industry or sector. The fund is non-diversified.
Fund Snapshot Updated 05.23.2013
| Previous Close | $31.23 | Expense Ratio | 0.35% |
| YTD Return | 19.0% | Avg. 30-Day Volume | 87,279 |
| 1-Year Return | 39.4% | Market Cap | Loading... |
| Bid | $31.25 | Shares Outstanding | 4,250,000 |
| Ask | $31.27 | Dividends | $0.23 |
| Top 10 Holdings | |
|---|---|
| Bank Of America Corporation (BAC) | 10.15% |
| Citigroup Inc (C) | 9.50% |
| Jpmorgan Chase & Co (JPM) | 8.61% |
| Wells Fargo & Co New (WFC) | 7.56% |
| Suntrust Bks Inc (STI) | 4.56% |
| M & T Bk Corp (MTB) | 4.18% |
| Regions Finl Corp New (RF) | 4.16% |
| Comerica Inc (CMA) | 4.03% |
| Zions Bancorporation (ZION) | 3.99% |
| Fifth Third Bancorp (FITB) | 3.97% |
| % of Total Holdings | 60.70% |
