Common Stocks - 98.9%
|
|||
Shares
|
Value ($)
|
||
Banks - 39.7%
|
|||
Diversified Banks - 22.3%
|
|||
Bank of America Corp.
|
976,900
|
36,975,665
|
|
Citigroup, Inc.
|
488,400
|
23,643,444
|
|
JPMorgan Chase & Co.
|
278,900
|
38,538,402
|
|
Piraeus Financial Holdings SA (a)
|
380,900
|
567,260
|
|
U.S. Bancorp
|
473,300
|
21,483,087
|
|
Wells Fargo & Co.
|
1,009,090
|
48,385,866
|
|
169,593,724
|
|||
Regional Banks - 17.4%
|
|||
Associated Banc-Corp.
|
279,800
|
6,883,080
|
|
Bank OZK (b)
|
129,400
|
5,971,810
|
|
BankUnited, Inc.
|
101,600
|
3,730,752
|
|
BOK Financial Corp.
|
51,700
|
5,413,507
|
|
Cadence Bank
|
215,430
|
6,213,001
|
|
Comerica, Inc.
|
73,300
|
5,258,542
|
|
East West Bancorp, Inc.
|
112,600
|
7,905,646
|
|
First Citizens Bancshares, Inc. (b)
|
12,200
|
9,960,812
|
|
First Interstate Bancsystem, Inc.
|
173,521
|
7,568,986
|
|
Heartland Financial U.S.A., Inc.
|
112,600
|
5,493,754
|
|
Huntington Bancshares, Inc.
|
812,300
|
12,574,404
|
|
M&T Bank Corp.
|
105,437
|
17,926,399
|
|
PacWest Bancorp
|
136,300
|
3,560,156
|
|
Popular, Inc. (b)
|
93,800
|
6,849,276
|
|
Signature Bank
|
45,200
|
6,305,400
|
|
Truist Financial Corp.
|
298,000
|
13,949,380
|
|
Wintrust Financial Corp.
|
66,900
|
6,116,667
|
|
131,681,572
|
|||
TOTAL BANKS
|
301,275,296
|
||
Capital Markets - 17.4%
|
|||
Asset Management & Custody Banks - 8.8%
|
|||
Affiliated Managers Group, Inc.
|
34,900
|
5,598,658
|
|
Bank of New York Mellon Corp.
|
238,000
|
10,924,200
|
|
Brookfield Asset Management, Inc. Class A
|
136,115
|
6,417,822
|
|
Carlyle Group LP
|
295,600
|
9,213,852
|
|
Northern Trust Corp.
|
53,500
|
4,981,385
|
|
Patria Investments Ltd.
|
391,600
|
5,345,340
|
|
Phoenix Vega Mezz PLC
|
380,900
|
15,705
|
|
State Street Corp.
|
302,300
|
24,084,241
|
|
66,581,203
|
|||
Financial Exchanges & Data - 1.1%
|
|||
Bolsa Mexicana de Valores S.A.B. de CV
|
2,322,400
|
4,563,190
|
|
Cboe Global Markets, Inc.
|
30,300
|
3,843,252
|
|
8,406,442
|
|||
Investment Banking & Brokerage - 7.5%
|
|||
Lazard Ltd. Class A (b)
|
263,892
|
9,661,086
|
|
Morgan Stanley
|
299,900
|
27,911,693
|
|
Raymond James Financial, Inc.
|
119,100
|
13,922,790
|
|
Virtu Financial, Inc. Class A
|
244,200
|
5,416,356
|
|
56,911,925
|
|||
TOTAL CAPITAL MARKETS
|
131,899,570
|
||
Consumer Finance - 4.3%
|
|||
Consumer Finance - 4.3%
|
|||
Capital One Financial Corp.
|
171,200
|
17,674,688
|
|
FirstCash Holdings, Inc.
|
86,311
|
8,101,150
|
|
OneMain Holdings, Inc. (b)
|
167,100
|
6,577,056
|
|
32,352,894
|
|||
Diversified Financial Services - 2.9%
|
|||
Multi-Sector Holdings - 0.9%
|
|||
Cannae Holdings, Inc. (a)
|
273,190
|
6,329,812
|
|
Other Diversified Financial Services - 2.0%
|
|||
Apollo Global Management, Inc. (b)
|
219,200
|
15,210,288
|
|
Sunrisemezz Ltd. (a)
|
54,414
|
6,768
|
|
15,217,056
|
|||
TOTAL DIVERSIFIED FINANCIAL SERVICES
|
21,546,868
|
||
Insurance - 25.5%
|
|||
Insurance Brokers - 5.5%
|
|||
Arthur J. Gallagher & Co.
|
98,000
|
19,512,780
|
|
Marsh & McLennan Companies, Inc.
|
127,900
|
22,149,722
|
|
41,662,502
|
|||
Life & Health Insurance - 2.8%
|
|||
Globe Life, Inc.
|
122,600
|
14,707,096
|
|
Primerica, Inc.
|
44,500
|
6,631,835
|
|
21,338,931
|
|||
Multi-Line Insurance - 2.4%
|
|||
Assurant, Inc.
|
41,300
|
5,295,486
|
|
Hartford Financial Services Group, Inc.
|
163,200
|
12,463,584
|
|
17,759,070
|
|||
Property & Casualty Insurance - 12.2%
|
|||
American Financial Group, Inc.
|
50,000
|
7,111,000
|
|
Beazley PLC
|
969,200
|
7,652,840
|
|
Chubb Ltd.
|
83,600
|
18,357,724
|
|
Fidelity National Financial, Inc.
|
230,900
|
9,319,124
|
|
First American Financial Corp.
|
205,800
|
11,246,970
|
|
Hiscox Ltd.
|
573,700
|
6,998,535
|
|
Lancashire Holdings Ltd.
|
784,200
|
5,673,168
|
|
Old Republic International Corp.
|
222,600
|
5,453,700
|
|
Selective Insurance Group, Inc.
|
58,600
|
5,632,632
|
|
The Travelers Companies, Inc.
|
80,300
|
15,241,743
|
|
92,687,436
|
|||
Reinsurance - 2.6%
|
|||
Reinsurance Group of America, Inc.
|
138,500
|
19,999,400
|
|
TOTAL INSURANCE
|
193,447,339
|
||
IT Services - 3.4%
|
|||
Data Processing & Outsourced Services - 3.4%
|
|||
Fidelity National Information Services, Inc.
|
64,700
|
4,695,926
|
|
Global Payments, Inc.
|
83,500
|
8,665,630
|
|
MasterCard, Inc. Class A
|
34,600
|
12,331,440
|
|
25,692,996
|
|||
Professional Services - 1.4%
|
|||
Research & Consulting Services - 1.4%
|
|||
Dun & Bradstreet Holdings, Inc. (b)
|
376,400
|
5,066,344
|
|
Equifax, Inc.
|
29,600
|
5,842,152
|
|
10,908,496
|
|||
Software - 0.4%
|
|||
Application Software - 0.4%
|
|||
Black Knight, Inc. (a)
|
51,300
|
3,180,087
|
|
Thrifts & Mortgage Finance - 3.9%
|
|||
Thrifts & Mortgage Finance - 3.9%
|
|||
Essent Group Ltd.
|
315,138
|
12,633,882
|
|
NMI Holdings, Inc. (a)
|
580,243
|
12,492,632
|
|
Walker & Dunlop, Inc.
|
48,400
|
4,322,604
|
|
29,449,118
|
|||
TOTAL COMMON STOCKS
(Cost $623,393,345)
|
749,752,664
|
||
Convertible Bonds - 0.5%
|
|||
Principal
Amount (c)
|
Value ($)
|
||
IT Services - 0.5%
|
|||
Data Processing & Outsourced Services - 0.5%
|
|||
Affirm Holdings, Inc. 0% 11/15/26
(Cost $3,972,563)
|
6,382,000
|
3,723,897
|
|
Money Market Funds - 3.5%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 3.86% (d)
|
4,267,384
|
4,268,238
|
|
Fidelity Securities Lending Cash Central Fund 3.86% (d)(e)
|
22,753,600
|
22,755,875
|
|
TOTAL MONEY MARKET FUNDS
(Cost $27,024,113)
|
27,024,113
|
||
TOTAL INVESTMENT IN SECURITIES - 102.9%
(Cost $654,390,021)
|
780,500,674
|
NET OTHER ASSETS (LIABILITIES) - (2.9)%
|
(22,135,823)
|
NET ASSETS - 100.0%
|
758,364,851
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security is on loan at period end.
|
(c)
|
Amount is stated in United States dollars unless otherwise noted.
|
(d)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(e)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
% ownership,
end
of period
|
Fidelity Cash Central Fund 3.86%
|
3,554,184
|
156,681,124
|
155,967,070
|
37,699
|
-
|
-
|
4,268,238
|
0.0%
|
Fidelity Securities Lending Cash Central Fund 3.86%
|
19,553,600
|
179,293,001
|
176,090,726
|
15,178
|
-
|
-
|
22,755,875
|
0.1%
|
Total
|
23,107,784
|
335,974,125
|
332,057,796
|
52,877
|
-
|
-
|
27,024,113
|
|