Sector & Industry - Infrastructure

companies that provide air transportation of passengers, both scheduled (regular routes) and non-scheduled (no regular routes)

companies that provide full-truckload and less-than-truckload ground transportation and logistics services

Railroads

companies that provide line-haul and short-line rail transportation of passenger and freight, and related services

Marine Shipping

companies that provide maritime transportation of passengers and cargo, and its associated services

Other Transportation

companies that provide transportation and related services. Companies that provide only warehousing and/or related services, which are not classified elsewhere, are also classified in this industry

Electric Utilities

companies that are engaged in generating, transmitting, and distributing electric energy to residential and non-residential customers

Gas Distributors

companies that operate gas distribution systems and/or arrange the sale of gas over gas distribution systems operated by others to residential and non-residential markets

Water Utilities

companies that operate water treatment plants and/or water supply systems

Alternative Power Generation

companies that are engaged in the operation of power facilities that convert non-conventional forms of energy into electric energy

Major Banks

companies engaged in accepting demand and other deposits and making commercial and consumer loans. Companies categorized in this industry generally cross regional boundaries and have a major presence in the banking industry

Regional Banks

companies engaged in accepting demand and other deposits and making commercial and consumer loans. Companies categorized in this industry operate in their respective local markets

Savings Banks

companies that accept time deposits make mortgage and real estate loans and invest in high-grade securities. Foreign companies that follow similar local guidelines or are designated as such are included in this industry

Finance/Rental/Leasing

companies that either provide tangible goods to consumers for a specific time period in return for payment or that originate, buy, sell, and service various types of loans and lending products

Investment Banks/Brokers

companies that provide security brokerage, securities underwriting, advisory services, and other corporate financial services

Investment Managers

Financial Conglomerates

companies that provide a mixture of financial, insurance, and banking services. Companies in this industry group generally have a major presence in more than one of the fore-mentioned segments

Property/Casualty Insurance

companies that underwrite insurance and reinsurance policies that protect policyholders against property loss

Multi-Line Insurance

companies that underwrite insurance and reinsurance policies that protect policyholders against loss in several segments (life, title, accident, health, property, etc.) within the insurance industry

Life/Health Insurance

companies that underwrite annuities and insurance policies that protect policyholders against loss of life and underwrite health and medical insurance

Specialty Insurance

companies that provide insurance policies for items not classified elsewhere

Insurance Brokers/Services

companies that act as agents in selling annuities and insurance policies and/or provide other miscellaneous services to the insurance segment

Real Estate Development

companies that own, develop, lease, and manage properties of land

Real Estate Investment Trusts

companies based in the United States that manage real estate portfolios and distribute 95% of their net earnings to shareholders annually. Foreign companies that follow similar local guidelines or are designated as such are included in this industry

Major Telecommunications

companies that operate, maintain, and/or provide voice and data transport services based on multiple transmission (fixed line, digital subscriber line (DSL) technology, competitive local exchange carriers (CLEC), Internet-based communication services, wireless, etc.) technologies

Specialty Telecommunications

companies that operate, maintain, and/or provide voice and data transport services based on a single transmission (fixed-line, digital subscriber line (DSL) technology, Internet-based communication services, etc.) technology, and/or cover a specific market (facilities-based, competitive local exchange carriers (CLEC), etc.). Companies that provide services to the telecommunication industry are also included in this industry

Wireless Telecommunications

companies that provide wireless antenna- or satellite-based telecommunication services.