NPORT-EX 2 Communication_Services_Index.htm HTML

Quarterly Holdings Report

for

Fidelity® MSCI Communication Services Index ETF

October 31, 2019

 

 

T09-QTLY-1219

1.9584819.105

Schedule of Investments October 31, 2019 (Unaudited)

Showing Percentage of Net Assets

 

Common Stocks – 99.9%             
    Shares      Value  

DIVERSIFIED TELECOMMUNICATION SERVICES – 16.1%

 

Alternative Carriers – 3.7%

     

Anterix, Inc. (a)

     7,937      $ 321,925  

Bandwidth, Inc. Class A (a)

     9,279        521,016  

CenturyLink, Inc.

     310,824        4,022,062  

Cogent Communications Holdings, Inc.

     27,444        1,609,316  

GCI Liberty, Inc. Class A (a)

     33,366        2,334,953  

Globalstar, Inc. (a)

     370,308        141,458  

Iridium Communications, Inc. (a)

     67,655        1,655,518  

ORBCOMM, Inc. (a)

     48,064        192,737  

Vonage Holdings Corp. (a)

     143,515        1,402,141  

Zayo Group Holdings, Inc. (a)

     131,287        4,482,138  
    

 

 

  
       16,683,264  
    

 

 

  

Integrated Telecommunication Services – 12.4%

 

AT&T, Inc.

     906,326        34,884,488  

ATN International, Inc.

     6,976        413,188  

Cincinnati Bell, Inc. (a)

     22,594        115,455  

Consolidated Communications Holdings, Inc.

     45,986        183,944  

Frontier Communications Corp. (a)

     66,380        60,406  

Verizon Communications, Inc.

     328,991        19,894,086  
    

 

 

  
       55,551,567  
    

 

 

  

TOTAL DIVERSIFIED TELECOMMUNICATION SERVICES

 

      72,234,831  
    

 

 

  

ENTERTAINMENT – 17.7%

 

Interactive Home Entertainment – 4.5%

 

Activision Blizzard, Inc.

     144,796        8,112,920  

Electronic Arts, Inc. (a)

     59,134        5,700,518  

Glu Mobile, Inc. (a)

     72,408        429,379  

Rosetta Stone, Inc. (a)

     13,515        258,947  

Take-Two Interactive Software, Inc. (a)

     27,922        3,360,413  

Zynga, Inc. Class A (a)

     324,450        2,001,856  
    

 

 

  
       19,864,033  
    

 

 

  

Movies & Entertainment – 13.2%

 

AMC Entertainment Holdings, Inc. Class A

     32,448        304,038  

Cinemark Holdings, Inc.

     46,199        1,690,883  

IMAX Corp. (a)

     34,479        736,127  

Liberty Media Corp-Liberty Braves Class A (a)

     5,428        160,235  

Liberty Media Corp-Liberty Braves Class C (a)

     22,286        655,431  

Liberty Media Corp-Liberty Formula One Class C (a)

     60,074        2,553,145  

Lions Gate Entertainment Corp. Class A

     36,454        291,267  

Lions Gate Entertainment Corp. Class B

     70,761        530,000  

Live Nation Entertainment, Inc. (a)

     40,041        2,822,890  

Netflix, Inc. (a)

     71,843        20,648,397  

Roku, Inc. (a)

     20,651        3,039,827  

The Madison Square Garden Co. Class A (a)

     6,375        1,701,615  
                 
    Shares      Value  

The Marcus Corp.

     12,873      $ 464,715  

The Walt Disney Co.

     153,726        19,972,082  

Viacom, Inc. Class B

     103,435        2,230,059  

World Wrestling Entertainment, Inc. Class A

     22,842        1,280,066  
    

 

 

  
       59,080,777  
    

 

 

  

TOTAL ENTERTAINMENT

 

      78,944,810  
    

 

 

  

INTERACTIVE MEDIA & SERVICES – 41.8%

 

Interactive Media & Services – 41.8%

 

Alphabet, Inc. (a)

     41,219        51,940,474  

Alphabet, Inc. Class A (a)

     39,027        49,127,188  

ANGI Homeservices, Inc. Class A (a)

     42,397        290,419  

Care.com, Inc. (a)

     18,214        212,740  

Cargurus, Inc. (a)

     46,357        1,557,132  

Cars.com, Inc. (a)

     39,441        446,078  

Eventbrite, Inc. Class A (a)

     22,582        406,024  

Facebook, Inc. Class A (a)

     343,719        65,873,746  

IAC/InterActiveCorp. (a)

     16,910        3,842,798  

Liberty TripAdvisor Holdings, Inc. Class A (a)

     44,956        433,825  

QuinStreet, Inc. (a)

     26,563        340,803  

Snap, Inc. Class A (a)

     201,124        3,028,927  

TripAdvisor, Inc. (a)

     44,592        1,801,517  

TrueCar, Inc. (a)

     53,441        175,287  

Twitter, Inc. (a)

     144,331        4,325,600  

Yelp, Inc. (a)

     45,324        1,564,131  

Zillow Group, Inc. Class C (a)

     50,882        1,657,227  
    

 

 

  

TOTAL INTERACTIVE MEDIA & SERVICES

 

      187,023,916  
    

 

 

  

MEDIA – 21.0%

     

Advertising – 1.8%

     

Boston Omaha Corp. Class A (a)

     5,447        122,340  

Clear Channel Outdoor Holdings, Inc. (a)

     232,258        541,161  

comScore, Inc. (a)

     28,548        65,946  

Emerald Expositions Events, Inc.

     15,670        152,312  

Fluent, Inc. (a)

     24,366        56,773  

National CineMedia, Inc.

     39,365        330,469  

Omnicom Group, Inc.

     49,183        3,796,436  

TechTarget, Inc. (a)

     14,607        356,411  

The Interpublic Group of Cos., Inc.

     115,599        2,514,278  
    

 

 

  
       7,936,126  
    

 

 

  

Broadcasting – 4.5%

     

AMC Networks, Inc. Class A (a)

     28,242        1,229,939  

CBS Corp. Class B

     81,198        2,926,376  

Discovery, Inc. Class A (a)

     64,061        1,726,764  

Discovery, Inc. Class C (a)

     99,064        2,500,376  

Entercom Communications Corp. Class A

     77,707        270,420  

Entravision Communications Corp. Class A

     38,543        109,462  

Fox Corp. Class A

     88,583        2,838,199  

Fox Corp. Class B (a)

     59,722        1,865,715  
 

 

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Common Stocks – continued             
    Shares      Value  

MEDIA – continued

     

Broadcasting – continued

     

Gray Television, Inc. (a)

     58,743      $ 963,973  

Hemisphere Media Group, Inc. (a)

     11,039        142,514  

Nexstar Media Group, Inc. Class A

     18,923        1,841,019  

Sinclair Broadcast Group, Inc. Class A

     34,975        1,393,404  

TEGNA, Inc.

     112,245        1,687,042  

The E.W. Scripps Co. Class A

     30,032        403,480  
    

 

 

  
       19,898,683  
    

 

 

  

Cable & Satellite – 12.9%

     

Altice USA, Inc. Class A (a)

     89,181        2,760,152  

Cable One, Inc.

     1,663        2,204,090  

Charter Communications, Inc. Class A (a)

     28,367        13,271,785  

Comcast Corp. Class A

     433,743        19,440,361  

DISH Network Corp. Class A (a)

     73,308        2,520,329  

Liberty Broadband Corp. Class C (a)

     27,673        3,267,351  

Liberty Global PLC Class A (a)

     66,724        1,678,109  

Liberty Global PLC Series C (a)

     108,296        2,585,025  

Liberty Latin America Ltd. Class A (a)

     27,281        509,882  

Liberty Latin America Ltd. Class C (a)

     73,382        1,350,963  

Liberty Media Corp-Liberty SiriusXM Class A (a)

     41,594        1,867,986  

Liberty Media Corp-Liberty SiriusXM Class C (a)

     54,550        2,465,114  

Loral Space & Communications Ltd. (a)

     7,343        293,647  

MSG Networks, Inc. Class A (a)

     27,412        444,348  

Sirius XM Holdings, Inc.

     452,394        3,040,088  

WideOpenWest, Inc. (a)

     15,913        101,048  
    

 

 

  
       57,800,278  
    

 

 

  

Publishing – 1.8%

     

Gannett Co., Inc.

     71,359        774,245  

John Wiley & Sons, Inc. Class A

     28,374        1,307,190  

Meredith Corp.

     24,968        941,294  

New Media Investment Group, Inc.

     36,252        319,380  

News Corp. Class A

     153,129        2,099,399  

Scholastic Corp.

     18,818        724,493  
                 
    Shares      Value  

The New York Times Co. Class A

     61,511      $ 1,900,690  

Tribune Publishing Co.

     10,294        92,234  
    

 

 

  
       8,158,925  
    

 

 

  

TOTAL MEDIA

        93,794,012  
    

 

 

  

WIRELESS TELECOMMUNICATION SERVICES – 3.3%

 

Wireless Telecommunication Services – 3.3%

 

   

Boingo Wireless, Inc. (a)

     27,730        262,603  

Gogo, Inc. (a)

     35,562        218,706  

Shenandoah Telecommunications Co.

     29,498        948,656  

Spok Holdings, Inc.

     11,373        135,339  

Sprint Corp. (a)

     509,808        3,165,908  

Telephone & Data Systems, Inc.

     63,206        1,649,044  

T-Mobile US, Inc. (a)

     97,043        8,021,574  

United States Cellular Corp. (a)

     8,310        309,298  
    

 

 

  

TOTAL WIRELESS TELECOMMUNICATION SERVICES

 

      14,711,128  
    

 

 

  

TOTAL COMMON STOCKS
(Cost $411,242,769)

        446,708,697  
    

 

 

  
    
Money Market Fund – 0.1%         

State Street Institutional Treasury Plus Money Market Fund, Trust Class,
1.68% (b)
(Cost $387,000)

     387,000        387,000  
    

 

 

  

TOTAL INVESTMENT IN SECURITIES – 100.0%
(Cost $411,629,769)

 

      447,095,697  

NET OTHER ASSETS (LIABILITIES) – (0.0%)

 

      (143,810 ) 
    

 

 

  

NET ASSETS – 100.0%

      $ 446,951,887  
    

 

 

  

Legend

 

(a)   Non-income producing.

 

(b)   The rate quoted is the annualized seven-day yield of the fund at period end.
 

 

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund’s investments to the Fair Value Committee (the Committee) established by the Fund’s investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee’s activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund’s investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 – quoted prices in active markets for identical investments: Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 – unobservable inputs (including the Fund’s own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund’s investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to

 

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Schedule of Investments (Unaudited) – continued

 

the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Investments in open-end mutual funds (Underlying Funds) are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated underlying fund’s NAV is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board’s fair value pricing policies and is categorized as Level 2 in the hierarchy.

For additional information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.

 

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The fund’s schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund’s shareholders. For more information regarding the fund and its holdings, please see the fund’s most recent prospectus and semiannual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

 

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