Top 10 holdings in the Communication Services Select Sector Index include Facebook Inc. (NASDAQ: FB), Alphabet Inc. (NASDAQ: GOOGL), Netflix, Inc. (NASDAQ: NFLX) and Walt Disney Co. (NYSE: DIS) as well as Verizond Communications Inc. (NYSE: VZ) and AT&T (NYSE: T). Over 89% of the new index are stocks currently residing in the discretionary and technology sectors.

“The Communication Services Select Sector Index returned a cumulative 143.5% through May 16, 2018 with annualized performance of 14.2% over 3 years, 12.7% over 5 years and 9.9% over 10 years.  The index also has a one year return of 11.6% and is up 3.8% year-to-date,” said S&P.

Those figures are based on a back-test period of late 2007 through April 30, 2018.

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