IT & e-Commerce Related Business	Billboard Lessor These companies lease billboards to advertising companies.	0B	0.02%
Management Services & Others	Restaurants These companies prepare meals and serve them to consumers in their establishments.	0B	0.02%
Hotel Operations	Restaurants These companies prepare meals and serve them to consumers in their establishments.	0.01B	0.05%
Other	Direct Investment Funds for Businesses, Governments, and Individuals (Equity and Fixed Income) These companies are the assets purchased by businesses and governments (via pension funds). These often include both equity and fixed-income assets, and are managed by a third-party. NOTE: These firms are NOT being paid for fund management; rather they are the funds themselves.	0.01B	0.06%
Property Investment & Development	Diversified Real Estate Developer These companies develop diversified real estate, such as office buildings and residential buildings.	0.01B	0.08%
Cement Manufacturing & Trading	Building Materials for Diversified Real Estate; sold to contractors These companies manufacture building materials, such as concrete, asphalt, bricks, and dimension stones for commercial and residential real estate as well as infrastructure such as roads and bridges.	0.02B	0.09%
Property Investment & Development	Undeveloped Land Sales These companies sell undeveloped land for commercial and consumer property development.	0.03B	0.15%
Management Services & Others	Property Management These companies provide property management services for businesses.	0.07B	0.38%
Other	Diversified Non-Residential Real Estate Lessor These companies lease diversified non-residential real estate properties, such as industrial space, office space, and distribution warehouses.	0.09B	0.51%
Other	Diversified Commercial and Consumer Loans and Securities These companies provide loans to businesses and consumers. These loans are used to finance a variety of products, such as vehicles, equipment, and construction projects. Includes mortgages. These companies are typically banks that also deal in investment securities.	0.1B	0.60%
Management Services & Others	Facility Services for Electricity Generators These companies maintain, modify, and upgrade technical facilities for electricity generators, such as power plants.	0.12B	0.70%
Utilities	Heat Generation These companies generate, transmit, and distribute steam to the end customer.	0.18B	1.06%
Utilities	Diversified Fuels; sold through distributor These companies refine oil to produce fuels such as heating oil, jet fuel, and diesel, and sell them through wholesalers or distributors.	0.22B	1.25%
Property Investment & Development	Real Estate Sales These companies sell diversified real estate properties, or foreclosures.	0.23B	1.33%
Hotel Operations	Hotel Operator These companies own, operate, and manage their own hotels. This position includes timeshares and resorts.	0.42B	2.41%
Utilities	Wireless for Consumers sold through Retailers These companies provide wireless telecom service for consumers and sell it through cell phone retailers.	0.52B	3.04%
Construction	Government Infrastructure Construction (with subcontractors) These companies are contracted to build public buildings and infrastructure, such as airports and roads. They subcontract certain aspects of the construction process.	1.51B	8.77%
Utilities	Public Water Utility These government institutions treat water for supply to residential customers. They distribute the water using their own networks.	3.77B	21.84%
Cement Manufacturing & Trading	Cement These companies manufacture cement used in the construction of diversified real estate.	4.08B	23.60%
Utilities	Electricity Generation These companies generate electricity from power plants and sell it on the wholesale market.	5.88B	34.03%
keyboard_arrow_right keyboard_arrow_down	IT & e-Commerce Related Business Billboard Lessor	0B	0.02%
keyboard_arrow_right	These companies lease billboards to advertising companies.
keyboard_arrow_right keyboard_arrow_down	Management Services & Others Restaurants	0B	0.02%
keyboard_arrow_right	These companies prepare meals and serve them to consumers in their establishments.
keyboard_arrow_right keyboard_arrow_down	Hotel Operations Restaurants	0.01B	0.05%
keyboard_arrow_right	These companies prepare meals and serve them to consumers in their establishments.
keyboard_arrow_right keyboard_arrow_down	Other Direct Investment Funds for Businesses, Governments, and Individuals (Equity and Fixed Income)	0.01B	0.06%
keyboard_arrow_right	These companies are the assets purchased by businesses and governments (via pension funds). These often include both equity and fixed-income assets, and are managed by a third-party. NOTE: These firms are NOT being paid for fund management; rather they are the funds themselves.
keyboard_arrow_right keyboard_arrow_down	Property Investment & Development Diversified Real Estate Developer	0.01B	0.08%
keyboard_arrow_right	These companies develop diversified real estate, such as office buildings and residential buildings.
keyboard_arrow_right keyboard_arrow_down	Cement Manufacturing & Trading Building Materials for Diversified Real Estate; sold to contractors	0.02B	0.09%
keyboard_arrow_right	These companies manufacture building materials, such as concrete, asphalt, bricks, and dimension stones for commercial and residential real estate as well as infrastructure such as roads and bridges.
keyboard_arrow_right keyboard_arrow_down	Property Investment & Development Undeveloped Land Sales	0.03B	0.15%
keyboard_arrow_right	These companies sell undeveloped land for commercial and consumer property development.
keyboard_arrow_right keyboard_arrow_down	Management Services & Others Property Management	0.07B	0.38%
keyboard_arrow_right	These companies provide property management services for businesses.
keyboard_arrow_right keyboard_arrow_down	Other Diversified Non-Residential Real Estate Lessor	0.09B	0.51%
keyboard_arrow_right	These companies lease diversified non-residential real estate properties, such as industrial space, office space, and distribution warehouses.
keyboard_arrow_right keyboard_arrow_down	Other Diversified Commercial and Consumer Loans and Securities	0.1B	0.60%
keyboard_arrow_right	These companies provide loans to businesses and consumers. These loans are used to finance a variety of products, such as vehicles, equipment, and construction projects. Includes mortgages. These companies are typically banks that also deal in investment securities.
keyboard_arrow_right keyboard_arrow_down	Management Services & Others Facility Services for Electricity Generators	0.12B	0.70%
keyboard_arrow_right	These companies maintain, modify, and upgrade technical facilities for electricity generators, such as power plants.
keyboard_arrow_right keyboard_arrow_down	Utilities Heat Generation	0.18B	1.06%
keyboard_arrow_right	These companies generate, transmit, and distribute steam to the end customer.
keyboard_arrow_right keyboard_arrow_down	Utilities Diversified Fuels; sold through distributor	0.22B	1.25%
keyboard_arrow_right	These companies refine oil to produce fuels such as heating oil, jet fuel, and diesel, and sell them through wholesalers or distributors.
keyboard_arrow_right keyboard_arrow_down	Property Investment & Development Real Estate Sales	0.23B	1.33%
keyboard_arrow_right	These companies sell diversified real estate properties, or foreclosures.
keyboard_arrow_right keyboard_arrow_down	Hotel Operations Hotel Operator	0.42B	2.41%
keyboard_arrow_right	These companies own, operate, and manage their own hotels. This position includes timeshares and resorts.
keyboard_arrow_right keyboard_arrow_down	Utilities Wireless for Consumers sold through Retailers	0.52B	3.04%
keyboard_arrow_right	These companies provide wireless telecom service for consumers and sell it through cell phone retailers.
keyboard_arrow_right keyboard_arrow_down	Construction Government Infrastructure Construction (with subcontractors)	1.51B	8.77%
keyboard_arrow_right	These companies are contracted to build public buildings and infrastructure, such as airports and roads. They subcontract certain aspects of the construction process.
keyboard_arrow_right keyboard_arrow_down	Utilities Public Water Utility	3.77B	21.84%
keyboard_arrow_right	These government institutions treat water for supply to residential customers. They distribute the water using their own networks.
keyboard_arrow_right keyboard_arrow_down	Cement Manufacturing & Trading Cement	4.08B	23.60%
keyboard_arrow_right	These companies manufacture cement used in the construction of diversified real estate.
keyboard_arrow_right keyboard_arrow_down	Utilities Electricity Generation	5.88B	34.03%
keyboard_arrow_right	These companies generate electricity from power plants and sell it on the wholesale market.