Communication services represents companies involved in advertising, broadcasting, cable and satellite, publishing, movies and entertainment and interactive media and services, as well as those that provide telecommunication services primarily through a fixed-line, wireless, cellular, high bandwidth or fiber optic cables.
Consumer discretionary companies are most sensitive to economic cycles, such as automotive, household durable goods, textiles & apparel, leisure equipment, hotels, restaurants, consumer retailing and services.
Consumer staples companies have businesses that are less sensitive to economic cycles such as manufacturers and distributors of food and beverages, tobacco, and producers of non-durable household goods and personal products.
Energy companies have businesses that are involved in the construction or provision of oil rigs, drilling equipment, energy related service and equipment or engaged in exploration, production, refining of or transportation of oil and gas products, coal, and other consumable fuels.
Financials represents companies whose activities include banking, mortgage finance, consumer finance, specialized finance, investment banking, brokerage, asset management and custody, corporate lending, insurance and financial investment.
Health care companies manufacture healthcare equipment and supplies or provide healthcare related services. Companies involved in research, development, production and marketing of pharmaceuticals and biotechnology products.
Industrials companies produce tangible goods including aerospace and defense, construction, engineering, building products, electrical equipment and industrial machinery. Companies that provide commercial services such as printing, employment, office services and environmental services, as well as transportation services including airlines, couriers, marine, road and rail, and transportation infrastructure.
Information technology companies primarily develop software such as applications, systems, database management, internet, information technology consulting and services, and home entertainment. Companies that manufacture or distribute communications equipment, computers and peripherals, electronic equipment and related instruments, as well as semiconductors and semiconductor equipment manufacturers.
Materials represents companies that manufacture chemicals, construction materials, glass, paper, forest products and related packaging products and metals, minerals, and mining companies, including steel producers.
Real estate represents the sector containing real estate management and development services and all real estate investment trusts (REITs), with the exception of mortgage REITS.
Utilities represents companies that are considered electric, gas, or water utilities or companies that operate as independent producers or distributors of power.