Shares of consumer staples companies make up nearly 25 % while shares of technology companies make up less than 2 % of the index. (dividendladder.com)
Consumer staples companies include companies that provide consumer products and services that are considered necessities and thus would not be impacted severely in an economic slowdown. (investopedia.com)
We can see this dynamic by comparing the free cash flow payout ratios of a few different consumer staple companies to cyclical businesses and companies with large investment opportunities. (simplysafedividends.com)