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 | Excellent |
| Bid/Ask Ratio | Typical |
| Holdings Diversity | Typical |
Fund Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. The fund employs a replication strategy in seeking to track the performance of the S&P Banks Select Industry Index. It generally invests substantially all, but at least 80%, of total assets in the securities comprising the index. The fund may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. It is non-diversified.
Fund Snapshot Updated 05.22.2013
| Previous Close | $28.04 | Expense Ratio | 0.35% |
| YTD Return | 18.0% | Avg. 30-Day Volume | 1,918,207 |
| 1-Year Return | 31.0% | Market Cap | Loading... |
| Bid | $28.02 | Shares Outstanding | 76,302,000 |
| Ask | $28.03 | Dividends | $0.53 |
| Top 10 Holdings | |
|---|---|
| First Niagara Finl Gp Inc (FNFG) | 2.79% |
| Commerce Bancshares Inc (CBSH) | 2.67% |
| Regions Finl Corp New (RF) | 2.61% |
| Bank Of America Corporation (BAC) | 2.60% |
| Fifth Third Bancorp (FITB) | 2.60% |
| Wells Fargo & Co New (WFC) | 2.59% |
| Pnc Finl Svcs Group Inc (PNC) | 2.59% |
| Citigroup Inc (C) | 2.58% |
| City Natl Corp (CYN) | 2.56% |
| Suntrust Bks Inc (STI) | 2.56% |
| % of Total Holdings | 26.10% |
