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ETF Sectors

ETF Driven Strategy

Brian Rauscher

Head of Global Portfolio Strategy & Asset Allocation

Brian Rauscher

Brian Rauscher is a Managing Director and Head of Global Portfolio Strategy and Asset Allocation at FSInsight. He joined Robert W. Baird & Co. as Chief Portfolio Strategist in 2012 after 15 years on Wall Street. He has also worked on the buy side as the U.S. Equity Strategist at Fortress Investment Group on the Liquid Macro Fund. From 2004-2009, Rauscher was at Brown Brothers Harriman as the Director of Portfolio Strategy and Director of Research. Prior to that, he worked for five years as an investment strategist on the team of Wall Street legend Byron Wien, at Morgan Stanley.

In Depth Sectors

The S&P 500 is comprised of 11 Sectors (GICS Level-1). An investor that buys an S&P 500 Index ETF (ex. SPY) or an S&P index fund is essentially gaining exposure to all 11 sectors according to each sector’s respective weighting in the index. We've included here the ability to drill down and view each Sector, Industry and Stock that makes up the S&P 500 index.

Sectors of the S&P 500

Energy

The energy sector consists of all companies that play a part in the oil, gas, and consumable fuels business. This includes companies that find, drill, and extract the commodity. It also includes the companies that refine the material and companies that provide or manufacturer the equipment used in the refinement process. Companies such as Exxon Mobil and Chevron extract and refine gas, while companies like Kinder Morgan transport fuel to gas stations.

Energy Sub-Industries

Energy

Oil & Gas Equipment & Services

Manufacturers of equipment, including drilling rigs and equipment, and providers of supplies and services to companies involved in the drilling, evaluation and completion of oil and gas wells.

Company Name Ticker
Baker Hughes Company Class A BKR
TechnipFMC Plc FTI
Halliburton Company HAL
National Oilwell Varco, Inc. NOV
Schlumberger NV SLB
Energy

Integrated Oil & Gas

Integrated oil companies engaged in the exploration & production of oil and gas, as well as at least one other significant activity in either refining, marketing and transportation, or chemicals.

Company Name Ticker
Chevron Corporation CVX
Occidental Petroleum Corporation OXY
Exxon Mobil Corporation XOM
Energy

Oil & Gas Exploration & Production

Companies engaged in the exploration and production of oil and gas not classified elsewhere.

Company Name Ticker
Apache Corporation APA
Cabot Oil & Gas Corporation COG
ConocoPhillips COP
Concho Resources Inc. CXO
Devon Energy Corporation DVN
EOG Resources, Inc. EOG
Diamondback Energy, Inc. FANG
Hess Corporation HES
Marathon Oil Corporation MRO
Noble Energy, Inc. NBL
Pioneer Natural Resources Company PXD
Energy

Oil & Gas Refining & Marketing

Companies engaged in the refining and marketing of oil, gas and/or refined products not classified in the Integrated Oil & Gas or Independent Power Producers & Energy Traders SubIndustries.

Company Name Ticker
HollyFrontier Corporation HFC
Marathon Petroleum Corporation MPC
Phillips 66 PSX
Valero Energy Corporation VLO
Energy

Oil & Gas Storage & Transportation

Companies engaged in the storage and/or transportation of oil, gas and/or refined products. Includes diversified midstream natural gas companies, oil and refined product pipelines, coal slurry pipelines and oil & gas shipping companies.

Company Name Ticker
Kinder Morgan Inc Class P KMI
ONEOK, Inc. OKE
Williams Companies, Inc. WMB

Materials

Companies within the materials sector provide the raw material needed for other sectors to function. This includes the mining companies that provide gold, zinc, and copper, and forestry companies that provide wood. Companies that are not typically associated with materials but are in the sector include container and packaging companies such as the Intertape Polymer Group, a company that produces tape.

Materials Sub-Industries

Materials

Commodity Chemicals

Companies that primarily produce industrial chemicals and basic chemicals. Including but not limited to plastics, synthetic fibers, films, commodity-based paints & pigments, explosives and petrochemicals. Excludes chemical companies classified in the Diversified Chemicals, Fertilizers & Agricultural Chemicals, Industrial Gases, or Specialty Chemicals Sub-Industries.

Company Name Ticker
Dow, Inc. DOW
LyondellBasell Industries NV LYB
Materials

Diversified Chemicals

Manufacturers of a diversified range of chemical products not classified in the Industrial Gases, Commodity Chemicals, Specialty Chemicals or Fertilizers & Agricultural Chemicals SubIndustries.

Company Name Ticker
Eastman Chemical Company EMN
Materials

Fertilizers & Agricultural Chemicals

Producers of fertilizers, pesticides, potash or other agriculturerelated chemicals not classified elsewhere.

Company Name Ticker
CF Industries Holdings, Inc. CF
Corteva Inc CTVA
FMC Corporation FMC
Mosaic Company MOS
Materials

Industrial Gases

Manufacturers of industrial gases.

Company Name Ticker
Air Products and Chemicals, Inc. APD
Linde plc LIN
Materials

Specialty Chemicals

Companies that primarily produce high value-added chemicals used in the manufacture of a wide variety of products, including but not limited to fine chemicals, additives, advanced polymers, adhesives, sealants and specialty paints, pigments and coatings.

Company Name Ticker
Albemarle Corporation ALB
Celanese Corporation CE
DuPont de Nemours, Inc. DD
Ecolab Inc. ECL
International Flavors & Fragrances Inc. IFF
PPG Industries, Inc. PPG
Sherwin-Williams Company SHW
Materials

Construction Materials

Manufacturers of construction materials including sand, clay, gypsum, lime, aggregates, cement, concrete and bricks. Other finished or semi-finished building materials are classified in the Building Products Sub-Industry.

Company Name Ticker
Martin Marietta Materials, Inc. MLM
Vulcan Materials Company VMC
Materials

Metal & Glass Containers

Manufacturers of metal, glass or plastic containers. Includes corks and caps.

Company Name Ticker
Ball Corporation BLL
Materials

Paper Packaging

Manufacturers of paper and cardboard containers and packaging.

Company Name Ticker
Amcor PLC AMCR
Avery Dennison Corporation AVY
International Paper Company IP
Packaging Corporation of America PKG
Sealed Air Corporation SEE
WestRock Company WRK
Materials

Copper

Companies involved primarily in copper ore mining.

Company Name Ticker
Freeport-McMoRan, Inc. FCX
Materials

Gold

Producers of gold and related products, including companies that mine or process gold and the South African finance houses which primarily invest in, but do not operate, gold mines

Company Name Ticker
Newmont Corporation NEM
Materials

Steel

Producers of iron and steel and related products, including metallurgical (coking) coal mining used for steel production.

Company Name Ticker
Nucor Corporation NUE

Industrials

Industrials include a wide range of companies, from airlines and railroad companies to military weapons manufacturers. Since the range of companies is so large, the sector has 14 different industries. Two of the largest industries are Aerospace & Defense and Construction & Engineering. The best known names within this sector are Delta Air Lines and Southwest Airlines, FedEx Corporation, and Boeing Company.

Industrials Sub-Industries

Industrials

Aerospace & Defense

Manufacturers of civil or military aerospace and defense equipment, parts or products. Includes defense electronics and space equipment.

Company Name Ticker
Boeing Company BA
Carrier Global Corp. CARR
General Dynamics Corporation GD
Huntington Ingalls Industries, Inc. HII
Howmet Aerospace Inc. HWM
L3Harris Technologies Inc LHX
Lockheed Martin Corporation LMT
Northrop Grumman Corporation NOC
Otis Worldwide Corporation OTIS
Raytheon Technologies Corporation RTX
TransDigm Group Incorporated TDG
Teledyne Technologies Incorporated TDY
Textron Inc. TXT
Industrials

Building Products

Manufacturers of building components and home improvement products and equipment. Excludes lumber and plywood classified under Forest Products and cement and other materials classified in the Construction Materials Sub-Industry.

Company Name Ticker
Allegion PLC ALLE
A. O. Smith Corporation AOS
Fortune Brands Home & Security, Inc. FBHS
Johnson Controls International plc JCI
Masco Corporation MAS
Industrials

Construction & Engineering

Companies engaged in primarily non-residential construction. Includes civil engineering companies and large-scale contractors. Excludes companies classified in the Homebuilding Sub-Industry.

Company Name Ticker
Jacobs Engineering Group Inc. J
Quanta Services, Inc. PWR
Industrials

Electrical Components & Equipment

Companies that produce electric cables and wires, electrical components or equipment not classified in the Heavy Electrical Equipment Sub-Industry.

Company Name Ticker
AMETEK, Inc. AME
Emerson Electric Co. EMR
Eaton Corp. Plc ETN
Rockwell Automation, Inc. ROK
Industrials

Industrial Conglomerates

Diversified industrial companies with business activities in three or more Sectors, none of which contributes a majority of revenues. Stakes held are predominantly of a controlling nature and stake holders maintain an operational interest in the running of the subsidiaries.

Company Name Ticker
General Electric Company GE
Honeywell International Inc. HON
3M Company MMM
Roper Technologies, Inc. ROP
Industrials

Construction Machinery & Heavy Trucks

Manufacturers of heavy duty trucks, rolling machinery, earthmoving and construction equipment, and manufacturers of related parts. Includes non-military shipbuilding.

Company Name Ticker
Caterpillar Inc. CAT
Cummins Inc. CMI
PACCAR Inc PCAR
Westinghouse Air Brake Technologies Corporation WAB
Industrials

Agricultural & Farm Machinery

Companies manufacturing agricultural machinery, farm machinery, and their related parts. Includes machinery used for the production of crops and agricultural livestock, agricultural tractors, planting and fertilizing machinery, fertilizer and chemical application equipment, and grain dryers and blowers.

Company Name Ticker
Deere & Company DE
Industrials

Industrial Machinery

Manufacturers of industrial machinery and industrial components. Includes companies that manufacture presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings and other metal fabrications.

Company Name Ticker
Dover Corporation DOV
Flowserve Corporation FLS
Fortive Corp. FTV
IDEX Corporation IEX
Ingersoll Rand Inc. IR
Illinois Tool Works Inc. ITW
Parker-Hannifin Corporation PH
Pentair plc PNR
Snap-on Incorporated SNA
Stanley Black & Decker, Inc. SWK
Trane Technologies plc TT
Xylem Inc. XYL
Industrials

Trading Companies & Distributors

Trading companies and other distributors of industrial equipment and products.

Company Name Ticker
Fastenal Company FAST
W.W. Grainger, Inc. GWW
United Rentals, Inc. URI
Industrials

Environmental & Facilities Services

Companies providing environmental and facilities maintenance services. Includes waste management, facilities management and pollution control services. Excludes large-scale water treatment systems classified in the Water Utilities Sub-Industry.

Company Name Ticker
Rollins, Inc. ROL
Republic Services, Inc. RSG
Waste Management, Inc. WM
Industrials

Diversified Support Services

Providers of office services and manufacturers of office supplies and equipment not classified elsewhere.

Company Name Ticker
Copart, Inc. CPRT
Cintas Corporation CTAS
Industrials

Human Resource & Employment Services

Companies providing business support services relating to human capital management. Includes employment agencies, employee training, payroll & benefit support services, retirement support services and temporary agencies.

Company Name Ticker
Robert Half International Inc. RHI
Industrials

Research & Consulting Services

Companies primarily providing research and consulting services to businesses and governments not classified elsewhere. Includes companies involved in management consulting services, architectural design, business information or scientific research, marketing, and testing & certification services. Excludes companies providing information technology consulting services classified in the IT Consulting & Other Services Sub-Industry.

Company Name Ticker
Equifax Inc. EFX
IHS Markit Ltd. INFO
Nielsen Holdings Plc NLSN
Verisk Analytics Inc VRSK
Industrials

Air Freight & Logistics

Companies providing air freight transportation, courier and logistics services, including package and mail delivery and customs agents. Excludes those companies classified in the Airlines, Marine or Trucking Sub-Industries.

Company Name Ticker
C.H. Robinson Worldwide, Inc. CHRW
Expeditors International of Washington, Inc. EXPD
FedEx Corporation FDX
United Parcel Service, Inc. Class B UPS
Industrials

Airlines

Companies providing primarily passenger air transportation.

Company Name Ticker
American Airlines Group, Inc. AAL
Alaska Air Group, Inc. ALK
Delta Air Lines, Inc. DAL
Southwest Airlines Co. LUV
United Airlines Holdings, Inc. UAL
Industrials

Railroads

Companies providing primarily goods and passenger rail transportation.

Company Name Ticker
CSX Corporation CSX
Kansas City Southern KSU
Norfolk Southern Corporation NSC
Union Pacific Corporation UNP
Industrials

Trucking

Companies providing primarily goods and passenger land transportation. Includes vehicle rental and taxi companies.

Company Name Ticker
J.B. Hunt Transport Services, Inc. JBHT
Old Dominion Freight Line, Inc. ODFL

Consumer Discretionary

Discretionary consumer products are luxury items or services that are not necessary for survival. The demand for these items depends on economic conditions and the wealth of individuals. Products include cars, jewelry, sporting goods, and electronic devices. Luxury experiences include trips, stays at hotels, or dining in a posh restaurant. Most companies in this sector are easily recognized. Some examples include Starbucks, Best Buy, and Amazon.

Consumer Discretionary Sub-Industries

Consumer Discretionary

Auto Parts & Equipment

Manufacturers of parts and accessories for automobiles and motorcycles. Excludes companies classified in the Tires & Rubber Sub-Industry.

Company Name Ticker
Aptiv PLC APTV
BorgWarner Inc. BWA
Consumer Discretionary

Automobile Manufacturers

Companies that produce mainly passenger automobiles and light trucks. Excludes companies producing mainly motorcycles and three-wheelers classified in the Motorcycle Manufacturers Sub-Industry and heavy duty trucks classified in the Construction Machinery & Heavy Trucks Sub-Industry.

Company Name Ticker
Ford Motor Company F
General Motors Company GM
Consumer Discretionary

Consumer Electronics

Manufacturers of consumer electronics products including TVs, home audio equipment, game consoles, digital cameras, and related products. Excludes personal home computer manufacturers classified in the Technology Hardware, Storage & Peripherals Sub-Industry, and electric household appliances classified in the Household Appliances Sub-Industry.

Company Name Ticker
Garmin Ltd. GRMN
Consumer Discretionary

Home Furnishings

Manufacturers of soft home furnishings or furniture, including upholstery, carpets and wall-coverings.

Company Name Ticker
Leggett & Platt, Incorporated LEG
Mohawk Industries, Inc. MHK
Consumer Discretionary

Homebuilding

Residential construction companies. Includes manufacturers of prefabricated houses and semi-fixed manufactured homes.

Company Name Ticker
D.R. Horton, Inc. DHI
Lennar Corporation Class A LEN
NVR, Inc. NVR
PulteGroup, Inc. PHM
Consumer Discretionary

Household Appliances

Manufacturers of electric household appliances and related products. Includes manufacturers of power and hand tools, including garden improvement tools. Excludes TVs and other audio and video products classified in the Consumer Electronics Sub-Industry and personal computers classified in the Technology Hardware, Storage & Peripherals Sub-Industry.

Company Name Ticker
Whirlpool Corporation WHR
Consumer Discretionary

Housewares & Specialties

Manufacturers of durable household products, including cutlery, cookware, glassware, crystal, silverware, utensils, kitchenware and consumer specialties not classified elsewhere.

Company Name Ticker
Newell Brands Inc NWL
Consumer Discretionary

Leisure Products

Manufacturers of leisure products and equipment including sports equipment, bicycles and toys.

Company Name Ticker
Hasbro, Inc. HAS
Consumer Discretionary

Apparel, Accessories & Luxury Goods

Manufacturers of apparel, accessories & luxury goods. Includes companies primarily producing designer handbags, wallets, luggage, jewelry and watches. Excludes shoes classified in the Footwear Sub-Industry.

Company Name Ticker
Hanesbrands Inc. HBI
PVH Corp. PVH
Ralph Lauren Corporation Class A RL
Tapestry, Inc. TPR
Under Armour, Inc. Class C UA
Under Armour, Inc. Class A UAA
V.F. Corporation VFC
Consumer Discretionary

Footwear

Manufacturers of footwear. Includes sport and leather shoes.

Company Name Ticker
NIKE, Inc. Class B NKE
Consumer Discretionary

Casinos & Gaming

Owners and operators of casinos and gaming facilities. Includes companies providing lottery and betting services.

Company Name Ticker
Las Vegas Sands Corp. LVS
MGM Resorts International MGM
Wynn Resorts, Limited WYNN
Consumer Discretionary

Hotels, Resorts & Cruise Lines

Owners and operators of hotels, resorts and cruise-ships. Includes travel agencies, tour operators and related services not classified elsewhere. Excludes casino-hotels classified in the Casinos & Gaming Sub-Industry.

Company Name Ticker
Carnival Corporation CCL.U
Hilton Worldwide Holdings Inc HLT
Marriott International, Inc. Class A MAR
Norwegian Cruise Line Holdings Ltd. NCLH
Royal Caribbean Group RCL
Consumer Discretionary

Restaurants

Owners and operators of restaurants, bars, pubs, fast-food or take-out facilities. Includes companies that provide food catering services.

Company Name Ticker
Chipotle Mexican Grill, Inc. CMG
Domino's Pizza, Inc. DPZ
Darden Restaurants, Inc. DRI
McDonald's Corporation MCD
Starbucks Corporation SBUX
Yum! Brands, Inc. YUM
Consumer Discretionary

Specialized Consumer Services

Companies providing consumer services not classified elsewhere. Includes residential services, home security, legal services, personal services, renovation & interior design services, consumer auctions and wedding & funeral services.

Company Name Ticker
H&R Block, Inc. HRB
Consumer Discretionary

Distributors

Distributors and wholesalers of general merchandise not classified elsewhere. Includes vehicle distributors.

Company Name Ticker
Genuine Parts Company GPC
LKQ Corporation LKQ
Consumer Discretionary

Internet & Direct Marketing Retail

Companies providing retail services primarily on the Internet, through mail order, and TV home shopping retailers. Also includes companies providing online marketplaces for consumer products and services.

Company Name Ticker
Amazon.com, Inc. AMZN
Booking Holdings Inc. BKNG
eBay Inc. EBAY
Expedia Group, Inc. EXPE
Consumer Discretionary

Department Stores

Owners and operators of department stores.

Company Name Ticker
Kohl's Corporation KSS
Consumer Discretionary

General Merchandise Stores

Owners and operators of stores offering diversified general merchandise. Excludes hypermarkets and large-scale super centers classified in the Hypermarkets & Super Centers Sub-Industry.

Company Name Ticker
Dollar General Corporation DG
Dollar Tree, Inc. DLTR
Target Corporation TGT
Consumer Discretionary

Apparel Retail

Retailers specialized mainly in apparel and accessories.

Company Name Ticker
Gap, Inc. GPS
L Brands, Inc. LB
Ross Stores, Inc. ROST
TJX Companies Inc TJX
Consumer Discretionary

Computer & Electronics Retail

Owners and operators of consumer electronics, computers, video and related products retail stores.

Company Name Ticker
Best Buy Co., Inc. BBY
Consumer Discretionary

Home Improvement Retail

Owners and operators of home and garden improvement retail stores. Includes stores offering building materials and supplies.

Company Name Ticker
Home Depot, Inc. HD
Lowe's Companies, Inc. LOW
Consumer Discretionary

Specialty Stores

Owners and operators of specialty retail stores not classified elsewhere. Includes jewelry stores, toy stores, office supply stores, health & vision care stores, and book & entertainment stores.

Company Name Ticker
Tiffany & Co. TIF
Tractor Supply Company TSCO
Ulta Beauty Inc ULTA
Consumer Discretionary

Automotive Retail

Owners and operators of stores specializing in automotive retail. Includes auto dealers, gas stations, and retailers of auto accessories, motorcycles & parts, automotive glass, and automotive equipment & parts.

Company Name Ticker
Advance Auto Parts, Inc. AAP
AutoZone, Inc. AZO
CarMax, Inc. KMX
O'Reilly Automotive, Inc. ORLY

Consumer Staples

Consumer staples companies provide all the necessities of life. This includes food and beverage companies, household product providers, and personal product providers. Consumer staple companies are well known, since people see their products in stores regularly. For example, Procter & Gamble is a famous company within this sector, which produces bleach and laundry detergent under brand names such as Dawn and Tide. Another example is Kroger, which is the largest supermarket chain in the U.S.

Consumer Staples Sub-Industries

Consumer Staples

Drug Retail

Owners and operators of primarily drug retail stores and pharmacies.

Company Name Ticker
Walgreens Boots Alliance Inc WBA
Consumer Staples

Food Distributors

Distributors of food products to other companies and not directly to the consumer.

Company Name Ticker
Sysco Corporation SYY
Consumer Staples

Food Retail

Owners and operators of primarily food retail stores.

Company Name Ticker
Kroger Co. KR
Consumer Staples

Hypermarkets & Super Centers

Owners and operators of hypermarkets and super centers selling food and a wide-range of consumer staple products. Excludes Food and Drug Retailers classified in the Food Retail and Drug Retail Sub-Industries, respectively.

Company Name Ticker
Costco Wholesale Corporation COST
Walmart Inc. WMT
Consumer Staples

Brewers

Producers of beer and malt liquors. Includes breweries not classified in the Restaurants Sub-Industry.

Company Name Ticker
Molson Coors Beverage Company Class B TAP
Consumer Staples

Distillers & Vintners

Distillers, vintners and producers of alcoholic beverages not classified in the Brewers Sub-Industry.

Company Name Ticker
Brown-Forman Corporation Class B BF.B
Constellation Brands, Inc. Class A STZ
Consumer Staples

Soft Drinks

Producers of non-alcoholic beverages including mineral waters. Excludes producers of milk classified in the Packaged Foods Sub-Industry.

Company Name Ticker
Coca-Cola Company KO
Monster Beverage Corporation MNST
PepsiCo, Inc. PEP
Consumer Staples

Agricultural Products

Producers of agricultural products. Includes crop growers, owners of plantations and companies that produce and process foods but do not package and market them. Excludes companies classified in the Forest Products Sub-Industry and those that package and market the food products classified in the Packaged Foods Sub-Industry.

Company Name Ticker
Archer-Daniels-Midland Company ADM
Consumer Staples

Packaged Foods & Meats

Producers of packaged foods including dairy products, fruit juices, meats, poultry, fish and pet foods.

Company Name Ticker
Conagra Brands, Inc. CAG
Campbell Soup Company CPB
General Mills, Inc. GIS
Hormel Foods Corporation HRL
Hershey Company HSY
Kellogg Company K
Kraft Heinz Company KHC
Lamb Weston Holdings, Inc. LW
Mondelez International, Inc. Class A MDLZ
McCormick & Company, Incorporated MKC
J.M. Smucker Company SJM
Tyson Foods, Inc. Class A TSN
Consumer Staples

Tobacco

Manufacturers of cigarettes and other tobacco products.

Company Name Ticker
Altria Group Inc MO
Philip Morris International Inc. PM
Consumer Staples

Household Products

Producers of non-durable household products, including detergents, soaps, diapers and other tissue and household paper products not classified in the Paper Products Sub-Industry.

Company Name Ticker
Church & Dwight Co., Inc. CHD
Colgate-Palmolive Company CL
Clorox Company CLX
Kimberly-Clark Corporation KMB
Procter & Gamble Company PG
Consumer Staples

Personal Products

Manufacturers of personal and beauty care products, including cosmetics and perfumes.

Company Name Ticker
Coty Inc. Class A COTY
Estee Lauder Companies Inc. Class A EL

Health Care

Health care consists of medical supply companies, pharmaceutical companies, and scientific-based operations or services that aim to improve the human body or mind. Familiar names include Johnson & Johnson, a medical device and pharmaceutical company that owns Tylenol, and Abiomed, which manufactures medical implant devices.Cannabis companies are a new, but rapidly growing, part of the health care sector. Currently, the more well-known ones include Canopy Growth Corp. and Aurora Cannabis, with market caps of $23 billion and $12 billion, respectively.

Health Care Sub-Industries

Health Care

Health Care Equipment

Manufacturers of health care equipment and devices. Includes medical instruments, drug delivery systems, cardiovascular & orthopedic devices, and diagnostic equipment.

Company Name Ticker
ABIOMED, Inc. ABMD
Abbott Laboratories ABT
Baxter International Inc. BAX
Becton, Dickinson and Company BDX
Boston Scientific Corporation BSX
Danaher Corporation DHR
DexCom, Inc. DXCM
Edwards Lifesciences Corporation EW
Hologic, Inc. HOLX
IDEXX Laboratories, Inc. IDXX
Intuitive Surgical, Inc. ISRG
Medtronic Plc MDT
ResMed Inc. RMD
STERIS Plc STE
Stryker Corporation SYK
Teleflex Incorporated TFX
Varian Medical Systems, Inc. VAR
Zimmer Biomet Holdings, Inc. ZBH
Health Care

Health Care Supplies

Manufacturers of health care supplies and medical products not classified elsewhere. Includes eye care products, hospital supplies, and safety needle & syringe devices.

Company Name Ticker
Align Technology, Inc. ALGN
Cooper Companies, Inc. COO
West Pharmaceutical Services, Inc. WST
DENTSPLY SIRONA, Inc. XRAY
Health Care

Health Care Distributors

Distributors and wholesalers of health care products not classified elsewhere.

Company Name Ticker
AmerisourceBergen Corporation ABC
Cardinal Health, Inc. CAH
Henry Schein, Inc. HSIC
McKesson Corporation MCK
Health Care

Health Care Services

Providers of patient health care services not classified elsewhere. Includes dialysis centers, lab testing services, and pharmacy management services. Also includes companies providing business support services to health care providers, such as clerical support services, collection agency services, staffing services and outsourced sales & marketing services.

Company Name Ticker
Cigna Corporation CI
CVS Health Corporation CVS
Quest Diagnostics Incorporated DGX
DaVita Inc. DVA
Laboratory Corporation of America Holdings LH
Health Care

Health Care Facilities

Company Name Ticker
HCA Healthcare Inc HCA
Universal Health Services, Inc. Class B UHS
Health Care

Managed Health Care

Owners and operators of Health Maintenance Organizations (HMOs) and other managed plans.

Company Name Ticker
Anthem, Inc. ANTM
Centene Corporation CNC
Humana Inc. HUM
UnitedHealth Group Incorporated UNH
Health Care

Health Care Technology

Companies providing information technology services primarily to health care providers. Includes companies providing application, systems and/or data processing software, internetbased tools, and IT consulting services to doctors, hospitals or businesses operating primarily in the Health Care Sector.

Company Name Ticker
Cerner Corporation CERN
Health Care

Biotechnology

Companies primarily engaged in the research, development, manufacturing and/or marketing of products based on genetic analysis and genetic engineering. Includes companies specializing in protein-based therapeutics to treat human diseases. Excludes companies manufacturing products using biotechnology but without a health care application.

Company Name Ticker
AbbVie, Inc. ABBV
Alexion Pharmaceuticals, Inc. ALXN
Amgen Inc. AMGN
Biogen Inc. BIIB
Gilead Sciences, Inc. GILD
Incyte Corporation INCY
Regeneron Pharmaceuticals, Inc. REGN
Vertex Pharmaceuticals Incorporated VRTX
Health Care

Pharmaceuticals

Companies engaged in the research, development or production of pharmaceuticals. Includes veterinary drugs.

Company Name Ticker
Bristol-Myers Squibb Company BMY
Johnson & Johnson JNJ
Eli Lilly and Company LLY
Merck & Co., Inc. MRK
Mylan N.V. MYL
Pfizer Inc. PFE
Perrigo Co. Plc PRGO
Zoetis, Inc. Class A ZTS
Health Care

Life Sciences Tools & Services

Companies enabling the drug discovery, development and production continuum by providing analytical tools, instruments, consumables & supplies, clinical trial services and contract research services. Includes firms primarily servicing the pharmaceutical and biotechnology industries.

Company Name Ticker
Agilent Technologies, Inc. A
Bio-Rad Laboratories, Inc. Class A BIO
Illumina, Inc. ILMN
IQVIA Holdings Inc IQV
Mettler-Toledo International Inc. MTD
PerkinElmer, Inc. PKI
Thermo Fisher Scientific Inc. TMO
Waters Corporation WAT

Financials

The financial sector includes all companies involved in finance, investing, and the movement or storage of money. It includes banks, credit card issuers, credit unions, insurance companies, and mortgage real estate investment trusts (REITs). Companies within this sector are usually relatively stable, as many are mature, well-established firms. Banks in this sector include Bank of America Corp, JPMorgan Chase & Co., and Goldman Sachs. Other notable sector names include Berkshire Hathaway, American Express, and Aon plc.

Financials Sub-Industries

Financials

Diversified Banks

Large, geographically diverse banks with a national footprint whose revenues are derived primarily from conventional banking operations, have significant business activity in retail banking and small and medium corporate lending, and provide a diverse range of financial services. Excludes banks classified in the Regional Banks and Thrifts & Mortgage Finance Sub-Industries. Also excludes investment banks classified in the Investment Banking & Brokerage Sub-Industry.

Company Name Ticker
Bank of America Corp BAC
Citigroup Inc. C
JPMorgan Chase & Co. JPM
U.S. Bancorp USB
Wells Fargo & Company WFC
Financials

Regional Banks

Commercial banks whose businesses are derived primarily from conventional banking operations and have significant business activity in retail banking and small and medium corporate lending. Regional banks tend to operate in limited geographic regions. Excludes companies classified in the Diversified Banks and Thrifts & Mortgage Banks sub-industries. Also excludes investment banks classified in the Investment Banking & Brokerage Sub-Industry.

Company Name Ticker
Citizens Financial Group, Inc. CFG
Comerica Incorporated CMA
Fifth Third Bancorp FITB
First Republic Bank FRC
Huntington Bancshares Incorporated HBAN
KeyCorp KEY
M&T Bank Corporation MTB
People's United Financial, Inc. PBCT
PNC Financial Services Group, Inc. PNC
Regions Financial Corporation RF
SVB Financial Group SIVB
Truist Financial Corporation TFC
Zions Bancorporation, N.A. ZION
Financials

Multi-Sector Holdings

A company with significantly diversified holdings across three or more Sectors, none of which contributes a majority of profit and/or sales. Stakes held are predominantly of a non-controlling nature. Includes diversified financial companies where stakes held are of a controlling nature. Excludes other diversified companies classified in the Industrials Conglomerates SubIndustry.

Company Name Ticker
Berkshire Hathaway Inc. Class B BRK.B
Financials

Consumer Finance

Providers of consumer finance services, including personal credit, credit cards, lease financing, travel-related money services and pawn shops. Excludes mortgage lenders classified in the Thrifts & Mortgage Finance Sub-Industry

Company Name Ticker
American Express Company AXP
Capital One Financial Corporation COF
Discover Financial Services DFS
Synchrony Financial SYF
Financials

Asset Management & Custody Banks

Financial institutions primarily engaged in investment management and/or related custody and securities fee-based services. Includes companies operating mutual funds, closedend funds and unit investment trusts. Excludes banks and other financial institutions primarily involved in commercial lending, investment banking, brokerage and other specialized financial activities

Company Name Ticker
Ameriprise Financial, Inc. AMP
Franklin Resources, Inc. BEN
Bank of New York Mellon Corporation BK
BlackRock, Inc. BLK
Invesco Ltd. IVZ
Northern Trust Corporation NTRS
State Street Corporation STT
T. Rowe Price Group TROW
Financials

Investment Banking & Brokerage

Financial institutions primarily engaged in investment banking & brokerage services, including equity and debt underwriting, mergers and acquisitions, securities lending and advisory services. Excludes banks and other financial institutions primarily involved in commercial lending, asset management and specialized financial activities.

Company Name Ticker
E*TRADE Financial Corporation ETFC
Goldman Sachs Group, Inc. GS
Morgan Stanley MS
Raymond James Financial, Inc. RJF
Charles Schwab Corporation SCHW
Financials

Financial Exchanges & Data

Financial exchanges for securities, commodities, derivatives and other financial instruments, and providers of financial decision support tools and products including ratings agencies.

Company Name Ticker
Cboe Global Markets Inc CBOE
CME Group Inc. Class A CME
Intercontinental Exchange, Inc. ICE
Moody's Corporation MCO
MarketAxess Holdings Inc. MKTX
MSCI Inc. Class A MSCI
Nasdaq, Inc. NDAQ
S&P Global, Inc. SPGI
Financials

Insurance Brokers

Insurance and reinsurance brokerage firms.

Company Name Ticker
Arthur J. Gallagher & Co. AJG
Aon Plc Class A AON
Marsh & McLennan Companies, Inc. MMC
Willis Towers Watson Public Limited Company WLTW
Financials

Life & Health Insurance

Companies providing primarily life, disability, indemnity or supplemental health insurance. Excludes managed care companies classified in the Managed Health Care Sub-Industry.

Company Name Ticker
Aflac Incorporated AFL
Globe Life Inc. GL
Lincoln National Corporation LNC
MetLife, Inc. MET
Principal Financial Group, Inc. PFG
Prudential Financial, Inc. PRU
Unum Group UNM
Financials

Multi-line Insurance

Insurance companies with diversified interests in life, health and property and casualty insurance.

Company Name Ticker
American International Group, Inc. AIG
Assurant, Inc. AIZ
Hartford Financial Services Group, Inc. HIG
Financials

Property & Casualty Insurance

Companies providing primarily property and casualty insurance.

Company Name Ticker
Allstate Corporation ALL
Chubb Limited CB
Cincinnati Financial Corporation CINF
Loews Corporation L
Progressive Corporation PGR
Travelers Companies, Inc. TRV
W. R. Berkley Corporation WRB
Financials

Reinsurance

Companies providing primarily reinsurance.

Company Name Ticker
Everest Re Group, Ltd. RE

Information Technology

The information technology – IT – sector consists of companies that develop or distribute technological items or services, and includes internet companies. Technology products include computers, microprocessors, and operating systems. Example of companies in this sector includes big names like Microsoft Corporation, Oracle Corp., and Mastercard Inc. This sector has seen a lot of change in recent years because of the rapid rise in technology-based companies.

Information Technology Sub-Industries

Information Technology

IT Consulting & Other Services

Providers of information technology and systems integration services not classified in the Data Processing & Outsourced Services Sub-Industry. Includes information technology consulting and information management services.

Company Name Ticker
Accenture Plc Class A ACN
Cognizant Technology Solutions Corporation Class A CTSH
DXC Technology Co. DXC
International Business Machines Corporation IBM
Gartner, Inc. IT
Leidos Holdings, Inc. LDOS
Information Technology

Data Processing & Outsourced Svcs.

Company Name Ticker
Automatic Data Processing, Inc. ADP
Broadridge Financial Solutions, Inc. BR
Fidelity National Information Services, Inc. FIS
Fiserv, Inc. FISV
FLEETCOR Technologies, Inc. FLT
Global Payments Inc. GPN
Jack Henry & Associates, Inc. JKHY
Mastercard Incorporated Class A MA
Paychex, Inc. PAYX
PayPal Holdings Inc PYPL
Visa Inc. Class A V
Western Union Company WU
Information Technology

Internet Services & Infrastructure

Company Name Ticker
Akamai Technologies, Inc. AKAM
VeriSign, Inc. VRSN
Information Technology

Application Software

Companies engaged in developing and producing software designed for specialized applications for the business or consumer market. Includes enterprise and technical software as well as cloud-based software. Excludes companies classified in the Interactive Home Entertainment Sub-Industry. Excludes companies classified in the Home Entertainment Software SubIndustry. Also excludes companies producing systems or database management software classified in the Systems Software Sub-Industry.

Company Name Ticker
Adobe Inc. ADBE
Autodesk, Inc. ADSK
ANSYS, Inc. ANSS
Cadence Design Systems, Inc. CDNS
salesforce.com, inc. CRM
Citrix Systems, Inc. CTXS
Intuit Inc. INTU
Paycom Software, Inc. PAYC
Synopsys, Inc. SNPS
Tyler Technologies, Inc. TYL
Information Technology

Systems Software

Companies engaged in developing and producing systems and database management software.

Company Name Ticker
Fortinet, Inc. FTNT
Microsoft Corporation MSFT
NortonLifeLock Inc. NLOK
ServiceNow, Inc. NOW
Oracle Corporation ORCL
Information Technology

Communications Equipment

Company Name Ticker
Arista Networks, Inc. ANET
Cisco Systems, Inc. CSCO
F5 Networks, Inc. FFIV
Juniper Networks, Inc. JNPR
Motorola Solutions, Inc. MSI
Information Technology

Technology Hardware, Storage & Peripherals

Manufacturers of cellular phones, personal computers, servers, electronic computer components and peripherals. Includes data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. Excludes semiconductors classified in the Semiconductors Sub-Industry.

Company Name Ticker
Apple Inc. AAPL
Hewlett Packard Enterprise Co. HPE
HP Inc. HPQ
NetApp, Inc. NTAP
Seagate Technology PLC STX
Western Digital Corporation WDC
Xerox Holdings Corporation XRX
Information Technology

Electronic Equipment & Instruments

Manufacturers of electronic equipment and instruments including analytical, electronic test and measurement instruments, scanner/barcode products, lasers, display screens, point-of-sales machines, and security system equipment.

Company Name Ticker
FLIR Systems, Inc. FLIR
Keysight Technologies Inc KEYS
Zebra Technologies Corporation Class A ZBRA
Information Technology

Electronic Components

Manufacturers of electronic components. Includes electronic components, connection devices, electron tubes, electronic capacitors and resistors, electronic coil, printed circuit board, transformer and other inductors, signal processing technology/components.

Company Name Ticker
Amphenol Corporation Class A APH
Corning Inc GLW
Information Technology

Electronic Manufacturing Services

Producers of electronic equipment mainly for the OEM (Original Equipment Manufacturers) markets.

Company Name Ticker
IPG Photonics Corporation IPGP
TE Connectivity Ltd. TEL
Information Technology

Technology Distributors

Distributors of technology hardware and equipment. Includes distributors of communications equipment, computers & peripherals, semiconductors, and electronic equipment and components.

Company Name Ticker
CDW Corp. CDW
Information Technology

Semiconductor Equipment

Company Name Ticker
Applied Materials, Inc. AMAT
KLA Corporation KLAC
Lam Research Corporation LRCX
Information Technology

Semiconductors

Manufacturers of semiconductors and related products, including manufacturers of solar modules and cells.

Company Name Ticker
Analog Devices, Inc. ADI
Advanced Micro Devices, Inc. AMD
Broadcom Inc. AVGO