BIG CHANGE.
MUST READ THIS:
XLC
The Communication Services Select Sector SPDR Fund
Among the biggest changes, Facebook and Alphabet moved out of tech into the new sector. Apple's leadership expanded to a 21 percent weighting, up from 17 percent, while Microsoft places second with a 17 percent weighting from 13 percent.
"Semiconductors — they were 14% of the market cap, they're going to be about 17 percent…
The new communications sector absorbed the telecom space, ending its reputation as a defensive play.
"A lot of people like the [old] sector because of the 5.4 percent dividend yield. It was a bond proxy, but now it's going to be closer to about 1.5 percent."
https://www.cnbc.com/2018/09/21/meet-th ... -exit.html
This was anticipated, but I wasn't expecting it to be implemented until after the close on Friday, September 28, 2018
good luck downloading all the details here:
https://www.msci.com/www/research-paper ... 1107886967