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›Consumer Staples›Tobacco›Tobacco

1 · Sector

Weight and 12M allocation change

Health Care18.1%+1.27 pp Utilities3.8%+0.64 pp Information Technology17.5%+0.52 pp Real Estate3.7%+0.46 pp Materials2.5%+0.41 pp Communication Services3.6%+0.24 pp Consumer Discretionary7.1%+0.12 pp Energy4.3%-0.09 pp Consumer Staples8.8%-0.25 pp Industrials14.2%-1.17 pp Financials16.5%-2.16 pp

2 · Industry

Inside Consumer Staples

Tobacco1.35%-0.33 pp Packaged Foods & Meats1.01%-0.27 pp Personal Care Products1.43%+0.24 pp Consumer Staples Merchandise Retail1.65%+0.07 pp Soft Drinks & Non-alcoholic Beverages2.12%+0.02 pp Food Distributors0.20%+0.01 pp Food Retail0.14%-0.01 pp Household Products0.77%+0.01 pp Agricultural Products & Services0.14%-0.00 pp

3 · Sub-industry

Inside Tobacco

Tobacco1.35%-0.328 pp

Concentrated

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

View all contributions →

Tobacco · weight

1.35%

Industry change · 12M

-0.33 pp

Tobacco · contribution

-0.328 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2019 · 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
Philip Morris International → PM	United States	$135.2bn	0.783%	+0.337 pp	-0.180 pp	-11.4%	Yes
Altria → MO	United States	$98.2bn	0.569%	+0.227 pp	-0.148 pp	-12.3%	Yes

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.