Health Care: S&P 500 Growth / Value Directory

Direct answer

The Health Care sector within the S&P 500 Growth/Value framework spans pharmaceutical companies, biotechnology firms, medical device makers, and managed care organizations. Health Care constituents are distributed across both Growth and Value indexes: large-cap pharmaceutical companies with lower growth rates tend to score as value, while high-growth biotechnology and medical device companies tend to score as growth. Companies are assigned based on their individual factor scores at the annual reconstitution.