Each Select Sector®—also known as Sector Select®—is a highly-liquid index designed to track a major economic sector. The indices are intended as tools for investment professionals, allowing them to tailor benchmarks for core portfolios by accounting for changing market conditions.

Select Sector Definitions

  • Communication Services

    Includes companies that facilitate communication and offer related content and information through various mediums. It includes telecom and media & entertainment companies including producers of interactive gaming products and companies engaged in content and information creation or distribution through proprietary platforms.

  • Consumer Discretionary

    Encompasses those businesses that tend to be the most sensitive to economic cycles. Its manufacturing segment includes automobiles & components, household durable goods, leisure products and textiles & apparel. The services segment includes hotels, restaurants, and other leisure facilities. It also includes distributors and retailers of consumer discretionary products.

  • Consumer Staples

    Comprises companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages and tobacco and producers of non-durable household goods and personal products. It also includes distributors and retailers of consumer staples products including food & drug retailing companies.

  • Energy

    Comprises companies engaged in exploration & production, refining & marketing, and storage & transportation of oil & gas and coal & consumable fuels. It also includes companies that offer oil & gas equipment and services.

  • Financials

    Contains companies engaged in banking, financial services, consumer finance, capital markets and insurance activities. It also includes Financial Exchanges & Data and Mortgage REITs.

  • Health Care

    Includes health care providers & services, companies that manufacture and distribute health care equipment & supplies, and health care technology companies. It also includes companies involved in the research, development, production and marketing of pharmaceuticals and biotechnology products.

  • Industrials

    Includes manufacturers and distributors of capital goods such as aerospace & defense, building products, electrical equipment and machinery and companies that offer construction & engineering services. It also includes providers of commercial & professional services including printing, environmental and facilities services, office services & supplies, security & alarm services, human resource & employment services, research & consulting services. It also includes companies that provide transportation services.

  • Materials

    Includes companies that manufacture chemicals, construction materials, forest products, glass, paper and related packaging products, and metals, minerals and mining companies, including producers of steel.

  • Real Estate

    Contains companies engaged in real estate development and operation. It also includes companies offering real estate related services and Equity Real Estate Investment Trusts (REITs).

  • Technology

    Comprises companies that offer software and information technology services, manufacturers and distributors of technology hardware & equipment such as communications equipment, cellular phones, computers & peripherals, electronic equipment and related instruments, and semiconductors and related equipment & materials.

  • Utilities

    Comprises utility companies such as electric, gas and water utilities. It also includes independent power producers & energy traders and companies that engage in generation and distribution of electricity using renewable sources.

Methodology

  • Index Universe

    The indices are subsets of the S&P 500®, which covers approximately 80% of available U.S. market capitalization

  • Index Construction

    Stocks are assigned to Select Sector indices based on their Global Industry Classification Standard (GICS®) sector categorizations.

  • Weighting

    Constituents are weighted by float-adjusted market capitalization, subject to a cap to ensure that no company exceeds 25% on a quarterly basis.

Indices

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Resources

  • Select Sector Dashboard

    Get monthly performance data and at-a-glance analysis of factor exposures across sectors.

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  • What’s Inside the Real Estate Select Sector

    Explore how a rules-based approach to tracking real estate companies in the S&P 500® impacts dividend yield and diversification.

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  • GICS® Structure

    Dive into more granular detail on Select Sector composition.

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More Information

Explore our full range of U.S. sector indices or contact us to learn about data licensing opportunities.


"Select Sector" is a registered trademark of S&P Dow Jones Indices LLC.

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