Common Stocks - 99.2%
|
|||
Shares
|
Value ($)
|
||
Construction & Engineering - 0.3%
|
|||
Construction & Engineering - 0.3%
|
|||
Dycom Industries, Inc. (a)
|
2,500
|
449,900
|
|
Diversified Telecommunication Services - 78.0%
|
|||
Alternative Carriers - 22.9%
|
|||
Anterix, Inc. (a)
|
146,600
|
4,933,090
|
|
Bandwidth, Inc. Class A, (a)(b)
|
45,800
|
921,954
|
|
Cogent Communications Group, Inc. (b)
|
109,739
|
6,498,744
|
|
GCI Liberty, Inc. Class A (Escrow) (c)
|
182,800
|
2
|
|
Globalstar, Inc. (a)(b)
|
3,353,965
|
3,655,822
|
|
Iridium Communications, Inc.
|
280,711
|
8,452,208
|
|
Liberty Global Ltd. Class C (b)
|
407,836
|
6,961,761
|
|
Liberty Latin America Ltd. Class C (a)
|
979,633
|
8,885,271
|
|
Lumen Technologies, Inc. (a)(b)
|
972,400
|
1,254,396
|
|
41,563,248
|
|||
Integrated Telecommunication Services - 55.1%
|
|||
AT&T, Inc.
|
2,421,220
|
44,114,627
|
|
ATN International, Inc.
|
32,300
|
786,182
|
|
Consolidated Communications Holdings, Inc. (a)
|
594,600
|
2,616,240
|
|
Frontier Communications Parent, Inc. (a)(b)
|
215,100
|
5,734,566
|
|
IDT Corp. Class B
|
101,300
|
4,105,689
|
|
Shenandoah Telecommunications Co.
|
5,623
|
105,769
|
|
Verizon Communications, Inc.
|
1,034,597
|
42,573,667
|
|
100,036,740
|
|||
TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES
|
141,599,988
|
||
IT Services - 0.7%
|
|||
Internet Services & Infrastructure - 0.1%
|
|||
Twilio, Inc. Class A (a)
|
4,000
|
229,600
|
|
IT Consulting & Other Services - 0.6%
|
|||
Amdocs Ltd.
|
14,000
|
1,106,000
|
|
TOTAL IT SERVICES
|
1,335,600
|
||
Media - 5.1%
|
|||
Cable & Satellite - 5.1%
|
|||
Charter Communications, Inc. Class A (a)
|
7,300
|
2,095,976
|
|
Comcast Corp. Class A
|
121,200
|
4,851,636
|
|
Liberty Broadband Corp. Class C (a)
|
41,824
|
2,262,260
|
|
9,209,872
|
|||
Wireless Telecommunication Services - 15.1%
|
|||
Wireless Telecommunication Services - 15.1%
|
|||
Gogo, Inc. (a)(b)
|
665,400
|
7,043,259
|
|
T-Mobile U.S., Inc.
|
50,624
|
8,857,175
|
|
Telephone & Data Systems, Inc. (b)
|
414,564
|
8,245,678
|
|
U.S. Cellular Corp. (a)
|
59,100
|
3,277,686
|
|
27,423,798
|
|||
TOTAL COMMON STOCKS
(Cost $171,707,874)
|
180,019,158
|
||
Money Market Funds - 13.2%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 5.39% (d)
|
1,961,896
|
1,962,289
|
|
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e)
|
22,056,396
|
22,058,601
|
|
TOTAL MONEY MARKET FUNDS
(Cost $24,020,890)
|
24,020,890
|
||
TOTAL INVESTMENT IN SECURITIES - 112.4%
(Cost $195,728,764)
|
204,040,048
|
NET OTHER ASSETS (LIABILITIES) - (12.4)%
|
(22,456,428)
|
NET ASSETS - 100.0%
|
181,583,620
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security is on loan at period end.
|
(c)
|
Level 3 security
|
(d)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(e)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
GCI Liberty, Inc. Class A (Escrow)
|
5/23/23
|
0
|
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 5.39%
|
2,487,272
|
6,402,649
|
6,927,615
|
11,470
|
(17)
|
-
|
1,962,289
|
0.0%
|
Fidelity Securities Lending Cash Central Fund 5.39%
|
17,517,951
|
50,766,867
|
46,226,217
|
3,416
|
-
|
-
|
22,058,601
|
0.1%
|
Total
|
20,005,223
|
57,169,516
|
53,153,832
|
14,886
|
(17)
|
-
|
24,020,890
|
|