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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIBERTY LATIN AMERICA LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ROGERS COMMUNICATIONS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>APPLE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARRAY DIGITAL INFRASTRUCTURE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>T-MOBILE US INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ORANGE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BCE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ERICSSON</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SKYWORKS SOLUTIONS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IRIDIUM COMMUNICATIONS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AST SPACEMOBILE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BLACKBERRY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UBIQUITI INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DIGI INTERNATIONAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VIASAT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>QORVO INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MARVELL TECHNOLOGY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICA MOVIL SAB DE CV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ANTERIX INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TELEFONICA BRASIL SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CROWN CASTLE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VODAFONE GRP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC SPON ADR</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ECHOSTAR CORP</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>ECHOSTAR CORP CL A</title>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1692389.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUALCOMM INC</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>QUALCOMM INC</title>
        <cusip>747525103</cusip>
        <identifiers>
          <isin value="US7475251036"/>
        </identifiers>
        <balance>138850.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34854127.00000000</valUSD>
        <pctVal>9.057797069705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS INC</title>
        <cusip>92343V104</cusip>
        <identifiers>
          <isin value="US92343V1044"/>
        </identifiers>
        <balance>411801.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19688205.81000000</valUSD>
        <pctVal>5.116518135530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Cash Central Fund</title>
        <cusip>31635A105</cusip>
        <identifiers>
          <isin value="US31635A1051"/>
        </identifiers>
        <balance>4038486.62700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4039294.32000000</valUSD>
        <pctVal>1.049720977242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MFG CO LTD</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMIC MFG CO LTD SP ADR</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
        </identifiers>
        <balance>7300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3054685.00000000</valUSD>
        <pctVal>0.793843347213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZEGONA COMMUNICATIONS PLC</name>
        <lei>213800ASI1VZL2ED4S65</lei>
        <title>ZEGONA COMMUNICATIONS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BVGBY890"/>
        </identifiers>
        <balance>47700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74255588"/>
        <valUSD>1189680.16000000</valUSD>
        <pctVal>0.309170890068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANDISK CORP/DE</name>
        <lei>5299007I9R9N3RO43S32</lei>
        <title>SANDISK CORPORATION</title>
        <cusip>80004C200</cusip>
        <identifiers>
          <isin value="US80004C2008"/>
        </identifiers>
        <balance>2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3389960.00000000</valUSD>
        <pctVal>0.880973715233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELUS CORPORATION</name>
        <lei>894500WE70KKZRQMBU11</lei>
        <title>TELUS CORPORATION</title>
        <cusip>87971M103</cusip>
        <identifiers>
          <isin value="CA87971M1032"/>
        </identifiers>
        <balance>346200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.37865000"/>
        <valUSD>4346804.48000000</valUSD>
        <pctVal>1.129635893090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELEPHONE and DATA SYSTEMS INC</name>
        <lei>5299003YZW5BE2NNLO37</lei>
        <title>TELEPHONE and DATA SYSTEMS INC</title>
        <cusip>879433829</cusip>
        <identifiers>
          <isin value="US8794338298"/>
        </identifiers>
        <balance>68800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2690768.00000000</valUSD>
        <pctVal>0.699269573030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1646531.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOKIA CORP</name>
        <lei>549300A0JPRWG1KI7U06</lei>
        <title>NOKIA CORP SPON ADR</title>
        <cusip>654902204</cusip>
        <identifiers>
          <isin value="US6549022043"/>
        </identifiers>
        <balance>1425800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21158872.00000000</valUSD>
        <pctVal>5.498710921661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICRON TECHNOLOGY INC</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>MICRON TECHNOLOGY INC</title>
        <cusip>595112103</cusip>
        <identifiers>
          <isin value="US5951121038"/>
        </identifiers>
        <balance>3600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3495600.00000000</valUSD>
        <pctVal>0.908427155179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOTOROLA SOLUTIONS INC</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>MOTOROLA SOLUTIONS INC</title>
        <cusip>620076307</cusip>
        <identifiers>
          <isin value="US6200763075"/>
        </identifiers>
        <balance>39168.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15795671.04000000</valUSD>
        <pctVal>4.104936636632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Securities Lending Cash Central Fund</title>
        <cusip>31635A303</cusip>
        <identifiers>
          <isin value="US31635A3032"/>
        </identifiers>
        <balance>30110013.63500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30113024.64000000</valUSD>
        <pctVal>7.825692100799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="30113024.64000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NVIDIA CORP</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA CORP</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
        </identifiers>
        <balance>7500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1583550.00000000</valUSD>
        <pctVal>0.411528727996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERDIGITAL INC</name>
        <lei>N/A</lei>
        <title>INTERDIGITAL INC</title>
        <cusip>45867G101</cusip>
        <identifiers>
          <isin value="US45867G1013"/>
        </identifiers>
        <balance>14200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3579678.00000000</valUSD>
        <pctVal>0.930277120379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2949453.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBA COMMUNICATIONS CORP</name>
        <lei>5299001HX8ZN8Y8QIT49</lei>
        <title>SBA COMMUNICATIONS CORP</title>
        <cusip>78410G104</cusip>
        <identifiers>
          <isin value="US78410G1040"/>
        </identifiers>
        <balance>18900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3839724.00000000</valUSD>
        <pctVal>0.997857177592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN TOWER CORP</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>AMERICAN TOWER CORP</title>
        <cusip>03027X100</cusip>
        <identifiers>
          <isin value="US03027X1000"/>
        </identifiers>
        <balance>59192.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11066536.32000000</valUSD>
        <pctVal>2.875941785920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISTANCE NETWORKS INC</name>
        <lei>254900AW4CEPCQWSRI58</lei>
        <title>VISTANCE NETWORKS INC</title>
        <cusip>20337X109</cusip>
        <identifiers>
          <isin value="US20337X1090"/>
        </identifiers>
        <balance>189900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2369952.00000000</valUSD>
        <pctVal>0.615896771161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RINGCENTRAL INC</name>
        <lei>549300C8EH0H1614VE84</lei>
        <title>RINGCENTRAL INC CL A</title>
        <cusip>76680R206</cusip>
        <identifiers>
          <isin value="US76680R2067"/>
        </identifiers>
        <balance>32200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1394582.00000000</valUSD>
        <pctVal>0.362420230839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1390251.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NETGEAR INC</name>
        <lei>54930067KX3UNRHDWA78</lei>
        <title>NETGEAR INC</title>
        <cusip>64111Q104</cusip>
        <identifiers>
          <isin value="US64111Q1040"/>
        </identifiers>
        <balance>48400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1257916.00000000</valUSD>
        <pctVal>0.326903837205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="244202.04000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALPHABET INC</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC CL A</title>
        <cusip>02079K305</cusip>
        <identifiers>
          <isin value="US02079K3059"/>
        </identifiers>
        <balance>10300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3917502.00000000</valUSD>
        <pctVal>1.018069915685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
