Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Real Estate›Real Estate Services›Real Estate Services

1 · Sector

Weight and 12M allocation change

Consumer Discretionary47.4%+40.34 pp Materials1.1%-1.02 pp Utilities1.9%-1.24 pp Real Estate1.9%-1.31 pp Communication Services1.9%-1.52 pp Energy2.7%-2.03 pp Consumer Staples4.8%-4.53 pp Information Technology10.1%-5.91 pp Health Care9.9%-6.82 pp Industrials8.2%-7.41 pp Financials9.9%-8.55 pp

2 · Industry

Inside Real Estate

Telecom Tower REITs0.42%-0.32 pp Retail REITs0.31%-0.19 pp Data Center REITs0.19%-0.14 pp Multi-Family Residential REITs0.21%-0.13 pp Health Care REITs0.19%-0.11 pp Self-Storage REITs0.16%-0.10 pp Industrial REITs0.12%-0.08 pp Timber REITs0.08%-0.08 pp Office REITs0.11%-0.07 pp Hotel & Resort REITs0.05%-0.04 pp Real Estate Services0.05%-0.03 pp Other Specialized REITs0.03%-0.02 pp Single-Family Residential REITs0.00%+0.00 pp

3 · Sub-industry

Inside Real Estate Services

Real Estate Services0.05%-0.035 pp

Concentrated

Most of this industry's losses came from a few companies.

View all contributions →

Real Estate Services · weight

0.05%

Industry change · 12M

-0.03 pp

Real Estate Services · contribution

-0.035 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Aug 2018 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
CBRE Group → CBRE	United States	$16.6bn	0.054%	-0.042 pp	-0.035 pp	+6.8%	No

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.