1. Fanpeng Zhou Linna Zhao Siyuan Zhao 3/19/2018
Health Care Sector
Fanpeng Zhou Linna Zhao Siyuan Zhao /19/2018

2. Sector Overview 13.85% of S&P 500 $3.3 Trillion Total Market Cap
3 Sub-industries:
Pharmaceutical, Biotech & Life Science
Health Care Equipment
Health Care Provider
3/19/2018

3. Sector Overview
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4. Performance Overview
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5. Later in expansion stage of business cycle
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6. National Health Expenditure
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7. Pricing/Bargaining Power
Industry Analysis
Business Model
Market Concentration
Competition
Pricing/Bargaining Power
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8. Business Model
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9. Health Care Ecosystem
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10. Market Concentration
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11. Competition
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12. Pricing/Bargaining Power
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13. Portfolio Performance Attribution
 YTD
SIM
Sector Benchmark
Portfolio
Weight
Sector Return
Return
Health Care
13.67%
13.85%
2.60%
1.10%
Total Portfolio
0.27%
Pure Sector Allocation %
Within-sector Selection
0.21%

14. Outlook
P/E Comparison
3/19/2018