Common Stocks - 99.9%
|
|||
Shares
|
Value ($)
|
||
Broadline Retail - 2.6%
|
|||
Broadline Retail - 2.6%
|
|||
Amazon.com, Inc. (a)
|
55,400
|
8,093,386
|
|
Communications Equipment - 5.2%
|
|||
Communications Equipment - 5.2%
|
|||
Ericsson:
|
|||
(B Shares)
|
163,600
|
808,989
|
|
(B Shares) sponsored ADR (b)
|
466,100
|
2,279,229
|
|
Motorola Solutions, Inc.
|
27,568
|
8,900,880
|
|
Nokia Corp. sponsored ADR (b)
|
799,800
|
2,783,304
|
|
ViaSat, Inc. (a)(b)
|
61,201
|
1,251,560
|
|
16,023,962
|
|||
Consumer Staples Distribution & Retail - 0.0%
|
|||
Food Retail - 0.0%
|
|||
Maplebear, Inc. (b)
|
700
|
16,933
|
|
Diversified Telecommunication Services - 19.3%
|
|||
Alternative Carriers - 2.9%
|
|||
GCI Liberty, Inc. Class A (c)
|
112,300
|
1
|
|
Iridium Communications, Inc.
|
48,000
|
1,828,800
|
|
Liberty Global Ltd. Class A
|
351,800
|
5,628,800
|
|
Liberty Latin America Ltd. Class C (a)
|
213,200
|
1,456,156
|
|
8,913,757
|
|||
Integrated Telecommunication Services - 16.4%
|
|||
AT&T, Inc.
|
1,848,800
|
30,634,616
|
|
Cellnex Telecom SA (d)
|
78,915
|
3,012,860
|
|
Orange SA ADR (b)
|
641,500
|
7,665,925
|
|
Shenandoah Telecommunications Co.
|
300
|
6,681
|
|
Telefonica SA sponsored ADR (b)
|
667,849
|
2,851,715
|
|
Verizon Communications, Inc.
|
174,301
|
6,680,957
|
|
50,852,754
|
|||
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES
|
59,766,511
|
||
Entertainment - 0.8%
|
|||
Movies & Entertainment - 0.8%
|
|||
Spotify Technology SA (a)
|
14,100
|
2,610,051
|
|
Equity Real Estate Investment Trusts (REITs) - 11.1%
|
|||
Telecom Tower REITs - 11.1%
|
|||
American Tower Corp.
|
130,092
|
27,160,608
|
|
Crown Castle International Corp.
|
12,801
|
1,501,301
|
|
SBA Communications Corp. Class A
|
22,900
|
5,655,384
|
|
34,317,293
|
|||
Financial Services - 0.1%
|
|||
Diversified Financial Services - 0.1%
|
|||
Jio Financial Services Ltd.
|
123,000
|
338,393
|
|
Ground Transportation - 5.0%
|
|||
Passenger Ground Transportation - 5.0%
|
|||
Uber Technologies, Inc. (a)
|
271,900
|
15,329,722
|
|
Interactive Media & Services - 6.3%
|
|||
Interactive Media & Services - 6.3%
|
|||
Match Group, Inc. (a)
|
38,800
|
1,256,344
|
|
Meta Platforms, Inc. Class A (a)
|
42,200
|
13,805,730
|
|
Snap, Inc. Class A (a)
|
331,800
|
4,588,794
|
|
19,650,868
|
|||
IT Services - 0.6%
|
|||
Internet Services & Infrastructure - 0.6%
|
|||
Shopify, Inc. Class A (a)
|
26,200
|
1,907,884
|
|
Media - 0.1%
|
|||
Cable & Satellite - 0.1%
|
|||
DISH Network Corp. Class A (a)(b)
|
71,349
|
261,137
|
|
Oil, Gas & Consumable Fuels - 1.1%
|
|||
Oil & Gas Refining & Marketing - 1.1%
|
|||
Reliance Industries Ltd.
|
116,800
|
3,330,249
|
|
Semiconductors & Semiconductor Equipment - 16.2%
|
|||
Semiconductor Materials & Equipment - 0.9%
|
|||
Teradyne, Inc.
|
28,200
|
2,600,886
|
|
Semiconductors - 15.3%
|
|||
Marvell Technology, Inc.
|
327,200
|
18,234,856
|
|
NXP Semiconductors NV
|
25,300
|
5,163,224
|
|
Qorvo, Inc. (a)
|
43,100
|
4,159,150
|
|
Qualcomm, Inc.
|
117,450
|
15,156,923
|
|
STMicroelectronics NV (depository receipt) (b)
|
99,800
|
4,734,512
|
|
47,448,665
|
|||
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
|
50,049,551
|
||
Software - 0.4%
|
|||
Application Software - 0.4%
|
|||
Klaviyo, Inc. Class A
|
700
|
20,741
|
|
LivePerson, Inc. (a)
|
84,000
|
238,560
|
|
RingCentral, Inc. (a)
|
31,400
|
893,644
|
|
Zoom Video Communications, Inc. Class A (a)
|
300
|
20,349
|
|
1,173,294
|
|||
Technology Hardware, Storage & Peripherals - 12.8%
|
|||
Technology Hardware, Storage & Peripherals - 12.8%
|
|||
Apple, Inc.
|
185,120
|
35,163,545
|
|
Samsung Electronics Co. Ltd.
|
80,570
|
4,512,441
|
|
39,675,986
|
|||
Wireless Telecommunication Services - 18.3%
|
|||
Wireless Telecommunication Services - 18.3%
|
|||
Bharti Airtel Ltd.
|
410,600
|
4,996,652
|
|
Bharti Airtel Ltd.
|
47,900
|
353,435
|
|
Millicom International Cellular SA (a)(b)
|
179,580
|
3,027,719
|
|
Rogers Communications, Inc. Class B (non-vtg.)
|
80,700
|
3,474,926
|
|
Spok Holdings, Inc.
|
1
|
17
|
|
T-Mobile U.S., Inc.
|
225,716
|
33,958,972
|
|
U.S. Cellular Corp. (a)
|
185,600
|
8,431,808
|
|
Vodafone Group PLC sponsored ADR
|
282,581
|
2,560,184
|
|
56,803,713
|
|||
TOTAL COMMON STOCKS
(Cost $228,847,581)
|
309,348,933
|
||
Money Market Funds - 3.4%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 5.40% (e)
|
616,647
|
616,770
|
|
Fidelity Securities Lending Cash Central Fund 5.39% (e)(f)
|
10,006,405
|
10,007,405
|
|
TOTAL MONEY MARKET FUNDS
(Cost $10,624,175)
|
10,624,175
|
||
TOTAL INVESTMENT IN SECURITIES - 103.3%
(Cost $239,471,756)
|
319,973,108
|
NET OTHER ASSETS (LIABILITIES) - (3.3)%
|
(10,151,745)
|
NET ASSETS - 100.0%
|
309,821,363
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security is on loan at period end.
|
(c)
|
Level 3 security
|
(d)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,012,860 or 1.0% of net assets.
|
(e)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(f)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
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 5.40%
|
2,912,303
|
33,313,536
|
35,609,069
|
48,829
|
-
|
-
|
616,770
|
0.0%
|
Fidelity Securities Lending Cash Central Fund 5.39%
|
10,799,733
|
96,258,125
|
97,050,453
|
80,958
|
-
|
-
|
10,007,405
|
0.0%
|
Total
|
13,712,036
|
129,571,661
|
132,659,522
|
129,787
|
-
|
-
|
10,624,175
|
|