Global Industry Classification Standard(GICS®)
Definitions of GICS Sectors effective close of September 28, 2018
Energy Sector: The Energy Sector comprises companies engaged in exploration & production, refining &marketing, and storage & transportation of oil & gas and coal & consumable fuels. It also includes companies thatoffer oil & gas equipment and services.
Materials Sector: The Materials Sector includes companies that manufacture chemicals, construction materials,
glass, paper, forest products and related packaging products, and metals, minerals and mining companies,
including producers of steel.
Industrials Sector: The Industrials Sector 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, humanresource & employment services, research & consulting services. It also includes companies that provide
transportation services.
Consumer Discretionary Sector: The Consumer Discretionary Sector encompasses those businesses that tend tobe the most sensitive to economic cycles. Its manufacturing segment includes automotive, household durable
goods, leisure equipment and textiles & apparel. The services segment includes hotels, restaurants and otherleisure facilities, media production and services, and consumer retailing and services.
Consumer Staples Sector: The Consumer Staples Sector 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 food & drug retailing companies as well as
hypermarkets and consumer super centers.
Health Care Sector: The Health Care Sector includes health care providers & services, companies that manufactureand distribute health care equipment & supplies, and health care technology companies. It also includes
companies involved in the research, development, production and marketing of pharmaceuticals andbiotechnology products.
Financials Sector: The Financials Sector contains companies involved in banking, thrifts & mortgage finance,
specialized finance, consumer finance, asset management and custody banks, investment banking and brokerageand insurance. It also includes Financial Exchanges & Data and Mortgage REITs.
Information Technology Sector: The Information Technology Sector comprises companies that offer software andinformation technology services, manufacturers and distributors of technology hardware & equipment such ascommunications equipment, cellular phones, computers & peripherals, electronic equipment and relatedinstruments, and semiconductors.

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MSCI.COM | PAGE 1 OF 4Communication Services Sector: The Communication Services Sector includes companies that facilitatecommunication and offer related content and information through various mediums. It includes telecom andmedia & entertainment companies including producers of interactive gaming products and companies engaged incontent and information creation or distribution through proprietary platforms.
Utilities Sector: The Utilities Sector comprises utility companies such as electric, gas and water utilities. It also
includes independent power producers & energy traders and companies that engage in generation anddistribution of electricity using renewable sources.
Real Estate Sector: The Real Estate Sector 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).

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CONTACT US
AMERICASABOUT GICS

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The Global Industry Classification Standard (GICS®) is anenhanced industry classification system jointly developed byStandard & Poor’s Financial Services LLC (S&P) and MSCI in
1999. GICS was developed in response to the global financial
community’s need for one complete, consistent set of global
sector and industry definitions and has become the standard
widely recognized by market participants worldwide. It sets afoundation for the creation of replicable, custom-tailored
portfolios and enables meaningful comparisons of sectors
and industries globally. The Global Industry Classification
Standard is the exclusive property of Standard & Poor’s
Financial Services LLC (S&P) and MSCI.

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