Industry Group US TSR Medians for Performance-Related Policy

The list below identifies the median one-year and three-year total shareholder returns1 (TSR) for each respective Global Industry Classification Standard (GICS®)2group as of the end of the most recent calendar quarter. ISS downloads TSR performance data at the end of March, June, September, and December for each of the four-digit industry GICS groups to determine the median applicable for Russell 3000 companies.

Company performance relative to industry medians is incorporated into ISS' evaluation of shareholder proposals seeking an independent chair and for ISS' evaluation of director performane.

GICS Industry Group Median OneYrTSR Median ThreeYrTSR
1010 Energy -11.87% 21.14%
1510 Materials -6.02% 23.29%
2010 Capital Goods -5.19% 16.55%
2020 Commercial Services and Supplies -5.05% 12.52%
2030 Transportation -18.45% 9.88%
2510 Automobiles & Components -27.65% 35.81%
2520 Consumer Durables & Apparel -4.30% 24.19%
2530 Consumer Services -4.06% 21.18%
2540 Media -10.61% 25.54%
2550 Retailing 5.56% 31.99%
3010 Food & Staples Retailing 10.57% 11.86%
3020 Food, Beverage & Tobacco 11.22% 18.59%
3030 Household & Personal Products  6.28% 13.76%
3510 Health Care Equipment & Services 2.47% 14.62%
3520 Pharmaceuticals & Biotechnology -6.98% 10.32%
4010 Banks -6.02% -3.12%
4020 Diversified Financials -12.01% 13.07%
4030 Insurance -0.75% 6.87%
4040 Real Estate 0.44% 19.68%
4510 Software & Services -1.45% 25.74%
4520 Technology Hardware & Equipment -13.89% 21.18%
4530 Semiconductors & Semiconductor Equipment -21.08% 25.99%
5010 Telecommunication Services -8.71% 16.21%
5510 Utilities 17.89% 14.18%

1ISS utilizes S&P's Compustat database for TSR calculated values. The Total Return concepts are annualized rates of return reflecting price appreciation plus reinvestment of dividends (calculated monthly) and the compounding effect of dividends paid on reinvested dividends.

2GICS® is a registered servicemark of MSCI Inc. and Standard & Poors.

3For details on ISS' 2012 policy guidelines, please visit 2012 Policy Information.