Phonemic Awareness
This is the ability to identify and manipulate the phonemes, or sounds, in words.
Phonics
Phonics instruction includes teaching how letters correspond to sounds and how to use letters in reading and writing.
Reading Fluency
This refers to the ability to decode (or read) words accurately, quickly, and with proper expression.
Vocabulary
Readers must have a store knowledge of vocabulary words to retrieve meaning as they read.
Reading Comprehension
Reading comprehension is the goal of learning to read. The mastery of each of the four previous skills leads to comprehension.
Source: www.readingrockets.org