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

Information Technology28.8%+2.60 pp Consumer Discretionary12.5%+1.60 pp Industrials10.0%+0.17 pp Energy3.5%-0.07 pp Materials2.9%-0.09 pp Real Estate2.9%-0.37 pp Health Care15.9%-0.60 pp Communication Services2.8%-0.63 pp Consumer Staples7.1%-0.63 pp Utilities2.9%-0.75 pp Financials10.7%-1.24 pp

2 · Industry

Inside Consumer Staples

Consumer Staples Merchandise Retail1.61%-0.22 pp Soft Drinks & Non-alcoholic Beverages1.85%-0.19 pp Personal Care Products1.30%+0.12 pp Packaged Foods & Meats0.77%-0.10 pp Tobacco0.73%-0.10 pp Household Products0.47%-0.05 pp Agricultural Products & Services0.14%-0.04 pp Food Distributors0.11%-0.04 pp Food Retail0.11%-0.02 pp

3 · Sub-industry

Inside Tobacco

Tobacco0.73%-0.095 pp

Concentrated

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

View all contributions →

Tobacco · weight

0.73%

Industry change · 12M

-0.10 pp

Tobacco · contribution

-0.095 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Aug 2023 · 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	$149.1bn	0.475%	+0.130 pp	-0.055 pp	+6.1%	Yes
Altria → MO	United States	$78.5bn	0.250%	+0.054 pp	-0.041 pp	+6.6%	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.