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Shares |
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Market Value |
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|
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COMMON STOCKS 97.6% |
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|
COMMUNICATION SERVICES 70.4% |
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Telecommunication Services 37.5% |
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Wireless Telecommunication Services 25.2% |
|
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Wireless Telecommunication Services 25.2% |
|
60,000 |
|
America Movil SAB de CV, Cl. L, ADR |
|
$ |
814,800 |
|
30,000 |
|
Anterix Inc. |
|
|
1,414,800 |
|
35,000 |
|
KDDI Corp. |
|
|
1,073,154 |
|
34,000 |
|
Millicom International Cellular SA, SDR |
|
|
1,308,074 |
|
100,000 |
|
MTN Group |
|
|
588,415 |
|
20,000 |
|
Rogers Communications Inc., Cl. B |
|
|
922,000 |
|
155,000 |
|
Sistema PJSC FC, GDR |
|
|
1,401,200 |
|
60,000 |
|
SoftBank Group Corp. |
|
|
5,055,769 |
|
47,000 |
|
T-Mobile US Inc. |
|
|
5,888,630 |
|
60,000 |
|
Turkcell Iletisim Hizmetleri A/S, ADR |
|
|
280,200 |
|
31,000 |
|
United States Cellular Corp. |
|
|
1,130,880 |
|
65,000 |
|
Vodafone Group plc, ADR |
|
|
1,197,950 |
|
|
|
|
|
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21,075,872 |
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Diversified Telecommunication Services 12.3% |
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Integrated Telecommunication Services 10.7% |
|
17,000 |
|
AT&T Inc. |
|
|
514,590 |
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37,415,054 |
|
Cable & Wireless Jamaica Ltd.(a) |
|
|
297,896 |
|
3,000,000 |
|
China Tower Corp. Ltd., Cl. H |
|
|
443,781 |
|
80,000 |
|
Deutsche Telekom AG |
|
|
1,610,821 |
|
43,000 |
|
Telenor ASA |
|
|
756,622 |
|
75,000 |
|
Telephone and Data Systems Inc. |
|
|
1,722,000 |
|
50,000 |
|
TELUS Corp. |
|
|
996,500 |
|
46,000 |
|
Verizon Communications Inc. |
|
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2,674,900 |
|
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9,017,110 |
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Alternative Carriers 1.6% |
|
100,000 |
|
Lumen Technologies Inc. |
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1,335,000 |
|
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Media & Entertainment 32.9% |
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Media 10.8% |
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Cable & Satellite 10.8% |
|
96,000 |
|
Comcast Corp., Cl. A |
|
|
5,194,560 |
|
25,000 |
|
DISH Network Corp., Cl. A |
|
|
905,000 |
|
55,000 |
|
Liberty Global plc, Cl. C |
|
|
1,404,700 |
|
115,000 |
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WideOpenWest Inc. |
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1,562,850 |
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9,067,110 |
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Interactive Media & Services 14.9% |
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Interactive Media & Services 14.9% |
|
3,300 |
|
Alphabet Inc., Cl. C |
|
|
6,826,479 |
|
19,000 |
|
Facebook Inc., Cl. A |
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5,596,070 |
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12,422,549 |
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Entertainment 7.2% |
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Movies & Entertainment 5.7% |
|
110,000 |
|
Borussia Dortmund GmbH & Co. KGaA |
|
|
699,809 |
|