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›Transaction & Payment Processing Services›Transaction & Payment Processing Services

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 Transaction & Payment Processing Services

Transaction & Payment Processing Services1.97%+0.426 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Transaction & Payment Processing Services · weight

1.97%

Industry change · 12M

+0.43 pp

Transaction & Payment Processing Services · contribution

+0.426 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
Fiserv → FISV	United States	$33.2bn	0.192%	+0.087 pp	+0.103 pp	+18.1%	Yes
PayPal → PYPL	United States	$115.1bn	0.667%	+0.331 pp	+0.096 pp	+23.5%	Yes
Jack Henry & Associates → JKHY	United States	$10.2bn	0.059%	+0.023 pp	+0.059 pp	+14.3%	Yes
Corpay → CPAY	United States	$28.7bn	0.166%	+0.087 pp	+0.059 pp	+16.7%	Yes
Visa Inc. → V	United States	$69.5bn	0.403%	+0.182 pp	+0.057 pp	+21.3%	Yes
Mastercard → MA	United States	$27.5bn	0.160%	+0.078 pp	+0.031 pp	+28.6%	Yes
Global Payments → GPN	United States	$20.5bn	0.119%	+0.060 pp	+0.011 pp	+15.0%	Yes
Fidelity National Information Services → FIS	United States	$34.9bn	0.202%	+0.085 pp	+0.010 pp	+12.6%	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.