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DewDiligence

10/27/13 1:51 PM

#7640 RE: north40000 #7639

The sector XLB--Materials lists MON, DD, DOW, LYB, PX, FCX, IP, PPG and others, but not 3M.

“Materials” as a market sector has nothing to do with materials science (what 3M does); rather, “materials” as a market sector is a designation for natural resources, including agriculture and mining but excluding energy, which is a market sector unto itself.