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›Financials›Asset Management & Custody Banks›Asset Management & Custody Banks

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 Financials

Diversified Banks6.84%-1.63 pp Investment Banking & Brokerage1.24%-0.45 pp Transaction & Payment Processing Services1.97%+0.43 pp Asset Management & Custody Banks0.95%-0.28 pp Regional Banks0.63%-0.17 pp Multi-line Insurance0.34%-0.09 pp Financial Exchanges & Data0.97%+0.08 pp Consumer Finance0.89%-0.07 pp Insurance Brokers0.60%+0.06 pp Property & Casualty Insurance1.17%-0.03 pp Reinsurance0.05%-0.01 pp Life & Health Insurance0.83%-0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Asset Management & Custody Banks

Asset Management & Custody Banks0.95%-0.283 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Asset Management & Custody Banks · weight

0.95%

Industry change · 12M

-0.28 pp

Asset Management & Custody Banks · contribution

-0.283 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
State Street Corporation → STT	United States	$27.2bn	0.158%	+0.066 pp	-0.076 pp	-30.8%	Yes
BNY Mellon → BNY	United States	$50.1bn	0.290%	+0.122 pp	-0.055 pp	-6.0%	Yes
Invesco → IVZ	United States	$7.7bn	0.045%	+0.017 pp	-0.035 pp	-37.3%	Yes
Ameriprise Financial → AMP	United States	$17.8bn	0.103%	+0.043 pp	-0.034 pp	-13.5%	Yes
Franklin Resources → BEN	United States	$16.6bn	0.096%	+0.039 pp	-0.032 pp	-5.6%	Yes
T. Rowe Price → TROW	United States	$23.7bn	0.138%	+0.058 pp	-0.026 pp	-7.9%	Yes
Northern Trust → NTRS	United States	$20.4bn	0.118%	+0.045 pp	-0.026 pp	-10.2%	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.