The industrials fund can be categorized to include firms that manufacture and distribute capital goods, provide commercial services and supplies, and provide transportation services. This fund seeks to invests in industry plays including the materials, construction, aerospace and defense, machinery, automotive, and transportation industries. The industrials sector is largely capital expenditure heavy, research and development oriented, and dependent on macro drivers like government spending and reliant on rollover corporate contracts. Because of the cyclicality of this industry and how closely it tracks macroeconomic trends, analysts are those who have a strong interest in the economy more broadly.
Priyanka Suri and Hans Uy