UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-02737
Fidelity Summer Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | January 31 |
Date of reporting period: | July 31, 2023 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Apple, Inc. | 5.0 | |
Microsoft Corp. | 4.6 | |
NVIDIA Corp. | 3.3 | |
Amazon.com, Inc. | 2.7 | |
Alphabet, Inc. Class A | 1.6 | |
Alphabet, Inc. Class C | 1.5 | |
UnitedHealth Group, Inc. | 1.4 | |
General Electric Co. | 1.3 | |
JPMorgan Chase & Co. | 1.3 | |
Tesla, Inc. | 1.1 | |
23.8 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 24.5 | |
Health Care | 12.6 | |
Financials | 11.8 | |
Consumer Discretionary | 10.4 | |
Industrials | 10.3 | |
Communication Services | 6.7 | |
Energy | 5.7 | |
Consumer Staples | 5.7 | |
Materials | 2.8 | |
Utilities | 2.2 | |
Real Estate | 1.8 | |
Asset Allocation (% of Fund's net assets) |
Futures - 2.4% |
Common Stocks - 94.5% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 6.7% | |||
Diversified Telecommunication Services - 0.5% | |||
AT&T, Inc. | 1,073 | 15,580 | |
Cellnex Telecom SA (a) | 28 | 1,143 | |
Verizon Communications, Inc. | 804 | 27,400 | |
44,123 | |||
Entertainment - 1.2% | |||
Electronic Arts, Inc. | 64 | 8,726 | |
IMAX Corp. (b) | 85 | 1,565 | |
Netflix, Inc. (b) | 130 | 57,066 | |
The Walt Disney Co. (b) | 369 | 32,800 | |
Universal Music Group NV | 258 | 6,618 | |
Warner Bros Discovery, Inc. (b) | 529 | 6,914 | |
113,689 | |||
Interactive Media & Services - 3.7% | |||
Alphabet, Inc.: | |||
Class A (b) | 1,181 | 156,742 | |
Class C (b) | 1,050 | 139,766 | |
Baidu, Inc. sponsored ADR (b) | 21 | 3,276 | |
Pinterest, Inc. Class A (b) | 116 | 3,363 | |
QuinStreet, Inc. (b) | 116 | 1,030 | |
Snap, Inc. Class A (b) | 3,202 | 36,375 | |
TripAdvisor, Inc. (b) | 52 | 970 | |
Ziff Davis, Inc. (b) | 68 | 4,931 | |
Zoominfo Technologies, Inc. (b) | 374 | 9,563 | |
356,016 | |||
Media - 1.2% | |||
Comcast Corp. Class A | 1,894 | 85,722 | |
Interpublic Group of Companies, Inc. | 343 | 11,741 | |
News Corp. Class B | 60 | 1,207 | |
Nexstar Broadcasting Group, Inc. Class A | 11 | 2,054 | |
Paramount Global: | |||
Class A | 44 | 847 | |
Class B | 299 | 4,793 | |
The Trade Desk, Inc. (b) | 44 | 4,015 | |
110,379 | |||
Wireless Telecommunication Services - 0.1% | |||
Rogers Communications, Inc. Class B (non-vtg.) | 68 | 2,978 | |
T-Mobile U.S., Inc. (b) | 59 | 8,128 | |
11,106 | |||
TOTAL COMMUNICATION SERVICES | 635,313 | ||
CONSUMER DISCRETIONARY - 10.4% | |||
Automobile Components - 0.2% | |||
Aptiv PLC (b) | 74 | 8,102 | |
BorgWarner, Inc. | 80 | 3,720 | |
Fox Factory Holding Corp. (b) | 28 | 3,133 | |
LCI Industries | 32 | 4,361 | |
19,316 | |||
Automobiles - 1.3% | |||
General Motors Co. | 168 | 6,446 | |
Harley-Davidson, Inc. | 56 | 2,162 | |
Rivian Automotive, Inc. (b) | 271 | 7,490 | |
Tesla, Inc. (b) | 401 | 107,239 | |
Thor Industries, Inc. | 14 | 1,617 | |
124,954 | |||
Broadline Retail - 3.0% | |||
Alibaba Group Holding Ltd. sponsored ADR (b) | 91 | 9,297 | |
Amazon.com, Inc. (b) | 1,904 | 254,527 | |
eBay, Inc. | 156 | 6,944 | |
Macy's, Inc. | 72 | 1,194 | |
MercadoLibre, Inc. (b) | 12 | 14,857 | |
286,819 | |||
Distributors - 0.2% | |||
LKQ Corp. | 232 | 12,711 | |
Pool Corp. | 12 | 4,617 | |
17,328 | |||
Diversified Consumer Services - 0.3% | |||
ADT, Inc. | 260 | 1,659 | |
Bright Horizons Family Solutions, Inc. (b) | 24 | 2,329 | |
European Wax Center, Inc. (b) | 108 | 2,092 | |
Grand Canyon Education, Inc. (b) | 13 | 1,411 | |
H&R Block, Inc. | 327 | 10,990 | |
Laureate Education, Inc. Class A | 181 | 2,320 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (b) | 52 | 2,919 | |
Service Corp. International | 36 | 2,399 | |
26,119 | |||
Hotels, Restaurants & Leisure - 1.9% | |||
Airbnb, Inc. Class A (b) | 162 | 24,655 | |
Amadeus IT Holding SA Class A | 71 | 5,091 | |
ARAMARK Holdings Corp. | 31 | 1,251 | |
Booking Holdings, Inc. (b) | 10 | 29,708 | |
Boyd Gaming Corp. | 66 | 4,509 | |
Chipotle Mexican Grill, Inc. (b) | 4 | 7,849 | |
Darden Restaurants, Inc. | 10 | 1,689 | |
Deliveroo PLC Class A (a)(b) | 578 | 975 | |
Doordash, Inc. (b) | 11 | 999 | |
Everi Holdings, Inc. (b) | 212 | 3,146 | |
Flutter Entertainment PLC (b) | 26 | 5,175 | |
Hilton Grand Vacations, Inc. (b) | 154 | 7,161 | |
Las Vegas Sands Corp. | 137 | 8,194 | |
Marriott Vacations Worldwide Corp. | 29 | 3,727 | |
McDonald's Corp. | 29 | 8,503 | |
MGM Resorts International | 143 | 7,260 | |
Planet Fitness, Inc. (b) | 48 | 3,242 | |
Restaurant Brands International, Inc. | 20 | 1,531 | |
Royal Caribbean Cruises Ltd. (b) | 17 | 1,855 | |
Starbucks Corp. | 262 | 26,611 | |
Travel+Leisure Co. | 65 | 2,647 | |
Trip.com Group Ltd. ADR (b) | 132 | 5,417 | |
Vail Resorts, Inc. | 31 | 7,300 | |
Wendy's Co. | 84 | 1,805 | |
Wingstop, Inc. | 7 | 1,180 | |
Yum China Holdings, Inc. | 82 | 5,004 | |
Yum! Brands, Inc. | 53 | 7,297 | |
183,781 | |||
Household Durables - 0.3% | |||
Green Brick Partners, Inc. (b) | 81 | 4,578 | |
M.D.C. Holdings, Inc. | 69 | 3,538 | |
PulteGroup, Inc. | 25 | 2,110 | |
Skyline Champion Corp. (b) | 68 | 4,737 | |
Sony Group Corp. sponsored ADR | 88 | 8,237 | |
Tempur Sealy International, Inc. | 87 | 3,883 | |
TopBuild Corp. (b) | 10 | 2,739 | |
29,822 | |||
Leisure Products - 0.2% | |||
Brunswick Corp. | 13 | 1,122 | |
Clarus Corp. | 204 | 1,816 | |
Hasbro, Inc. | 135 | 8,716 | |
Mattel, Inc. (b) | 42 | 895 | |
YETI Holdings, Inc. (b) | 19 | 809 | |
13,358 | |||
Specialty Retail - 2.2% | |||
Academy Sports & Outdoors, Inc. | 165 | 9,865 | |
American Eagle Outfitters, Inc. | 438 | 6,154 | |
AutoNation, Inc. (b) | 9 | 1,449 | |
AutoZone, Inc. (b) | 2 | 4,963 | |
Best Buy Co., Inc. | 107 | 8,886 | |
Dick's Sporting Goods, Inc. | 38 | 5,358 | |
Five Below, Inc. (b) | 45 | 9,375 | |
Foot Locker, Inc. | 104 | 2,794 | |
GameStop Corp. Class A (b) | 42 | 932 | |
Gap, Inc. | 140 | 1,442 | |
Lowe's Companies, Inc. | 287 | 67,235 | |
Murphy U.S.A., Inc. | 21 | 6,448 | |
Ross Stores, Inc. | 103 | 11,808 | |
The Home Depot, Inc. | 112 | 37,390 | |
TJX Companies, Inc. | 206 | 17,825 | |
Tractor Supply Co. | 24 | 5,376 | |
Ulta Beauty, Inc. (b) | 9 | 4,003 | |
Victoria's Secret & Co. (b) | 119 | 2,438 | |
Warby Parker, Inc. (b) | 183 | 2,734 | |
Williams-Sonoma, Inc. | 24 | 3,327 | |
209,802 | |||
Textiles, Apparel & Luxury Goods - 0.8% | |||
Columbia Sportswear Co. | 12 | 943 | |
Compagnie Financiere Richemont SA Series A | 34 | 5,475 | |
Crocs, Inc. (b) | 104 | 11,268 | |
Hermes International SCA | 3 | 6,651 | |
Kontoor Brands, Inc. | 83 | 3,516 | |
LVMH Moet Hennessy Louis Vuitton SE | 11 | 10,216 | |
NIKE, Inc. Class B | 235 | 25,942 | |
PVH Corp. | 46 | 4,123 | |
Ralph Lauren Corp. | 18 | 2,364 | |
Tapestry, Inc. | 76 | 3,279 | |
VF Corp. | 248 | 4,913 | |
78,690 | |||
TOTAL CONSUMER DISCRETIONARY | 989,989 | ||
CONSUMER STAPLES - 5.7% | |||
Beverages - 1.4% | |||
Brown-Forman Corp. Class A | 12 | 863 | |
Celsius Holdings, Inc. (b) | 162 | 23,441 | |
Coca-Cola European Partners PLC | 167 | 10,586 | |
Diageo PLC sponsored ADR | 36 | 6,334 | |
Molson Coors Beverage Co. Class B | 153 | 10,675 | |
Primo Water Corp. | 117 | 1,658 | |
The Coca-Cola Co. | 1,239 | 76,731 | |
130,288 | |||
Consumer Staples Distribution & Retail - 1.4% | |||
BJ's Wholesale Club Holdings, Inc. (b) | 69 | 4,575 | |
Casey's General Stores, Inc. | 16 | 4,043 | |
Costco Wholesale Corp. | 33 | 18,502 | |
Dollar General Corp. | 46 | 7,768 | |
Dollar Tree, Inc. (b) | 123 | 18,983 | |
Kroger Co. | 178 | 8,658 | |
Performance Food Group Co. (b) | 76 | 4,542 | |
Sysco Corp. | 134 | 10,226 | |
Target Corp. | 122 | 16,649 | |
Walmart, Inc. | 238 | 38,047 | |
131,993 | |||
Food Products - 1.6% | |||
Archer Daniels Midland Co. | 112 | 9,516 | |
Bunge Ltd. | 125 | 13,584 | |
Campbell Soup Co. | 149 | 6,827 | |
Conagra Brands, Inc. | 212 | 6,956 | |
Darling Ingredients, Inc. (b) | 89 | 6,163 | |
Freshpet, Inc. (b) | 18 | 1,324 | |
General Mills, Inc. | 373 | 27,878 | |
Hormel Foods Corp. | 128 | 5,233 | |
Kellogg Co. | 277 | 18,529 | |
McCormick & Co., Inc. (non-vtg.) | 84 | 7,516 | |
Mondelez International, Inc. | 524 | 38,844 | |
Nomad Foods Ltd. (b) | 191 | 3,396 | |
The Kraft Heinz Co. | 183 | 6,621 | |
TreeHouse Foods, Inc. (b) | 14 | 723 | |
153,110 | |||
Household Products - 1.1% | |||
Church & Dwight Co., Inc. | 63 | 6,027 | |
Colgate-Palmolive Co. | 143 | 10,905 | |
Kimberly-Clark Corp. | 74 | 9,553 | |
Procter & Gamble Co. | 423 | 66,115 | |
Reckitt Benckiser Group PLC | 73 | 5,469 | |
The Clorox Co. | 61 | 9,240 | |
107,309 | |||
Personal Care Products - 0.2% | |||
Estee Lauder Companies, Inc. Class A | 17 | 3,060 | |
Haleon PLC | 1,404 | 6,060 | |
Haleon PLC ADR | 656 | 5,779 | |
Unilever PLC sponsored ADR | 78 | 4,191 | |
19,090 | |||
TOTAL CONSUMER STAPLES | 541,790 | ||
ENERGY - 5.7% | |||
Energy Equipment & Services - 1.4% | |||
Baker Hughes Co. Class A | 1,045 | 37,401 | |
Cactus, Inc. | 143 | 7,262 | |
Championx Corp. | 503 | 17,907 | |
Nextier Oilfield Solutions, Inc. (b) | 315 | 3,755 | |
NOV, Inc. | 672 | 13,494 | |
Oceaneering International, Inc. (b) | 279 | 6,264 | |
Schlumberger Ltd. | 624 | 36,404 | |
TechnipFMC PLC | 926 | 16,983 | |
139,470 | |||
Oil, Gas & Consumable Fuels - 4.3% | |||
Antero Resources Corp. (b) | 330 | 8,828 | |
Cenovus Energy, Inc. (Canada) | 1,273 | 24,212 | |
Cheniere Energy, Inc. | 182 | 29,459 | |
ConocoPhillips Co. | 98 | 11,537 | |
Denbury, Inc. (b) | 121 | 10,637 | |
Devon Energy Corp. | 41 | 2,214 | |
Diamondback Energy, Inc. | 70 | 10,312 | |
DT Midstream, Inc. | 60 | 3,211 | |
EOG Resources, Inc. | 59 | 7,819 | |
Equinor ASA sponsored ADR | 498 | 15,279 | |
Hess Corp. | 308 | 46,733 | |
HF Sinclair Corp. | 261 | 13,595 | |
Imperial Oil Ltd. | 246 | 13,253 | |
Kosmos Energy Ltd. (b) | 1,744 | 12,382 | |
Magnolia Oil & Gas Corp. Class A | 97 | 2,149 | |
Marathon Oil Corp. | 142 | 3,730 | |
Marathon Petroleum Corp. | 245 | 32,590 | |
National Energy Services Reunited Corp. (b) | 249 | 809 | |
New Fortress Energy, Inc. | 51 | 1,456 | |
Occidental Petroleum Corp. | 235 | 14,836 | |
ONEOK, Inc. | 641 | 42,973 | |
Ovintiv, Inc. | 111 | 5,116 | |
Parex Resources, Inc. | 457 | 10,123 | |
Phillips 66 Co. | 237 | 26,437 | |
Reliance Industries Ltd. GDR (a) | 92 | 5,750 | |
Targa Resources Corp. | 136 | 11,151 | |
Texas Pacific Land Corp. | 1 | 1,506 | |
The Williams Companies, Inc. | 582 | 20,050 | |
Valero Energy Corp. | 147 | 18,950 | |
407,097 | |||
TOTAL ENERGY | 546,567 | ||
FINANCIALS - 11.8% | |||
Banks - 4.8% | |||
Bank of America Corp. | 3,302 | 105,664 | |
Bank OZK | 31 | 1,356 | |
Citigroup, Inc. | 451 | 21,495 | |
Citizens Financial Group, Inc. | 215 | 6,936 | |
Comerica, Inc. | 132 | 7,123 | |
East West Bancorp, Inc. | 55 | 3,422 | |
Fifth Third Bancorp | 300 | 8,730 | |
First Bancorp, Puerto Rico | 204 | 3,029 | |
First Citizens Bancshares, Inc. | 2 | 2,863 | |
First Hawaiian, Inc. | 150 | 3,104 | |
Glacier Bancorp, Inc. | 74 | 2,420 | |
Huntington Bancshares, Inc. | 854 | 10,453 | |
JPMorgan Chase & Co. | 754 | 119,102 | |
KeyCorp | 666 | 8,198 | |
M&T Bank Corp. | 100 | 13,986 | |
Nu Holdings Ltd. (b) | 490 | 3,900 | |
Pathward Financial, Inc. | 88 | 4,572 | |
PNC Financial Services Group, Inc. | 329 | 45,037 | |
Regions Financial Corp. | 1,099 | 22,387 | |
Synovus Financial Corp. | 224 | 7,594 | |
Trico Bancshares | 42 | 1,570 | |
Truist Financial Corp. | 624 | 20,729 | |
U.S. Bancorp | 707 | 28,054 | |
United Community Bank, Inc. | 74 | 2,151 | |
Univest Corp. of Pennsylvania | 62 | 1,209 | |
Webster Financial Corp. | 44 | 2,082 | |
Western Alliance Bancorp. | 53 | 2,753 | |
Zions Bancorp NA | 34 | 1,301 | |
461,220 | |||
Capital Markets - 2.4% | |||
Affiliated Managers Group, Inc. | 39 | 5,407 | |
Ameriprise Financial, Inc. | 22 | 7,666 | |
Bank of New York Mellon Corp. | 237 | 10,750 | |
BlackRock, Inc. Class A | 35 | 25,860 | |
CME Group, Inc. | 23 | 4,576 | |
FactSet Research Systems, Inc. | 9 | 3,915 | |
Goldman Sachs Group, Inc. | 58 | 20,640 | |
Houlihan Lokey | 9 | 899 | |
Intercontinental Exchange, Inc. | 64 | 7,347 | |
Invesco Ltd. | 58 | 974 | |
Janus Henderson Group PLC | 170 | 4,990 | |
KKR & Co. LP | 222 | 13,182 | |
LPL Financial | 23 | 5,275 | |
MarketAxess Holdings, Inc. | 15 | 4,038 | |
Moody's Corp. | 23 | 8,113 | |
Morgan Stanley | 421 | 38,547 | |
NASDAQ, Inc. | 121 | 6,109 | |
Northern Trust Corp. | 234 | 18,748 | |
S&P Global, Inc. | 79 | 31,166 | |
State Street Corp. | 102 | 7,389 | |
TMX Group Ltd. | 130 | 2,889 | |
228,480 | |||
Consumer Finance - 0.5% | |||
American Express Co. | 177 | 29,892 | |
Discover Financial Services | 53 | 5,594 | |
SLM Corp. | 68 | 1,100 | |
Synchrony Financial | 198 | 6,839 | |
43,425 | |||
Financial Services - 2.0% | |||
Block, Inc. Class A (b) | 157 | 12,643 | |
Edenred SA | 47 | 3,053 | |
Equitable Holdings, Inc. | 159 | 4,562 | |
Fidelity National Information Services, Inc. | 221 | 13,344 | |
Global Payments, Inc. | 53 | 5,843 | |
MasterCard, Inc. Class A | 143 | 56,382 | |
MGIC Investment Corp. | 483 | 8,085 | |
PayPal Holdings, Inc. (b) | 127 | 9,629 | |
Radian Group, Inc. | 202 | 5,440 | |
Visa, Inc. Class A | 258 | 61,334 | |
Voya Financial, Inc. | 37 | 2,748 | |
Walker & Dunlop, Inc. | 23 | 2,093 | |
WEX, Inc. (b) | 15 | 2,840 | |
187,996 | |||
Insurance - 2.1% | |||
AFLAC, Inc. | 126 | 9,115 | |
Allstate Corp. | 44 | 4,958 | |
American International Group, Inc. | 230 | 13,864 | |
Arch Capital Group Ltd. (b) | 146 | 11,343 | |
Assurant, Inc. | 45 | 6,053 | |
Assured Guaranty Ltd. | 29 | 1,734 | |
Axis Capital Holdings Ltd. | 47 | 2,591 | |
Everest Re Group Ltd. | 4 | 1,442 | |
Genworth Financial, Inc. Class A (b) | 595 | 3,487 | |
Hartford Financial Services Group, Inc. | 113 | 8,122 | |
Marsh & McLennan Companies, Inc. | 98 | 18,465 | |
MetLife, Inc. | 107 | 6,738 | |
Primerica, Inc. | 50 | 10,635 | |
Progressive Corp. | 119 | 14,992 | |
Prudential Financial, Inc. | 271 | 26,149 | |
RenaissanceRe Holdings Ltd. | 9 | 1,681 | |
Selective Insurance Group, Inc. | 55 | 5,675 | |
The Travelers Companies, Inc. | 218 | 37,629 | |
Unum Group | 64 | 3,111 | |
Willis Towers Watson PLC | 74 | 15,638 | |
203,422 | |||
TOTAL FINANCIALS | 1,124,543 | ||
HEALTH CARE - 12.6% | |||
Biotechnology - 1.5% | |||
AbbVie, Inc. | 95 | 14,210 | |
Alnylam Pharmaceuticals, Inc. (b) | 59 | 11,529 | |
Amgen, Inc. | 57 | 13,347 | |
Arcellx, Inc. (b) | 48 | 1,644 | |
Astria Therapeutics, Inc. (b) | 80 | 717 | |
Biogen, Inc. (b) | 28 | 7,565 | |
Blueprint Medicines Corp. (b) | 30 | 1,980 | |
Celldex Therapeutics, Inc. (b) | 33 | 1,167 | |
Cytokinetics, Inc. (b) | 66 | 2,201 | |
Gilead Sciences, Inc. | 270 | 20,558 | |
Horizon Therapeutics PLC (b) | 39 | 3,911 | |
Icosavax, Inc. (b) | 99 | 874 | |
Janux Therapeutics, Inc. (b) | 104 | 1,456 | |
Keros Therapeutics, Inc. (b) | 40 | 1,675 | |
Krystal Biotech, Inc. (b) | 14 | 1,807 | |
Mirati Therapeutics, Inc. (b) | 15 | 454 | |
Moderna, Inc. (b) | 40 | 4,706 | |
Morphic Holding, Inc. (b) | 41 | 2,326 | |
PTC Therapeutics, Inc. (b) | 30 | 1,210 | |
Regeneron Pharmaceuticals, Inc. (b) | 26 | 19,290 | |
Seagen, Inc. (b) | 24 | 4,603 | |
Tango Therapeutics, Inc. (b) | 234 | 791 | |
Vertex Pharmaceuticals, Inc. (b) | 46 | 16,208 | |
Verve Therapeutics, Inc. (b) | 88 | 1,803 | |
Xenon Pharmaceuticals, Inc. (b) | 88 | 3,249 | |
139,281 | |||
Health Care Equipment & Supplies - 2.0% | |||
Abbott Laboratories | 212 | 23,602 | |
Baxter International, Inc. | 40 | 1,809 | |
Becton, Dickinson & Co. | 42 | 11,702 | |
Boston Scientific Corp. (b) | 551 | 28,569 | |
CONMED Corp. | 8 | 968 | |
DexCom, Inc. (b) | 137 | 17,065 | |
Edwards Lifesciences Corp. (b) | 95 | 7,797 | |
Envista Holdings Corp. (b) | 90 | 3,097 | |
GE Healthcare Holding LLC | 167 | 13,026 | |
Haemonetics Corp. (b) | 54 | 4,981 | |
Hologic, Inc. (b) | 75 | 5,957 | |
IDEXX Laboratories, Inc. (b) | 11 | 6,102 | |
Inspire Medical Systems, Inc. (b) | 5 | 1,439 | |
Insulet Corp. (b) | 32 | 8,856 | |
Integer Holdings Corp. (b) | 27 | 2,497 | |
Intuitive Surgical, Inc. (b) | 24 | 7,786 | |
Penumbra, Inc. (b) | 6 | 1,820 | |
ResMed, Inc. | 8 | 1,779 | |
Shockwave Medical, Inc. (b) | 18 | 4,691 | |
STERIS PLC | 22 | 4,962 | |
Stryker Corp. | 26 | 7,369 | |
The Cooper Companies, Inc. | 25 | 9,782 | |
TransMedics Group, Inc. (b) | 49 | 4,566 | |
Zimmer Biomet Holdings, Inc. | 106 | 14,644 | |
194,866 | |||
Health Care Providers & Services - 3.9% | |||
Acadia Healthcare Co., Inc. (b) | 40 | 3,161 | |
agilon health, Inc. (b) | 164 | 3,141 | |
Cardinal Health, Inc. | 166 | 15,184 | |
Centene Corp. (b) | 265 | 18,044 | |
Cigna Group | 195 | 57,545 | |
CVS Health Corp. | 370 | 27,635 | |
DaVita HealthCare Partners, Inc. (b) | 59 | 6,017 | |
Elevance Health, Inc. | 65 | 30,656 | |
Guardant Health, Inc. (b) | 98 | 3,824 | |
HCA Holdings, Inc. | 46 | 12,549 | |
Humana, Inc. | 44 | 20,101 | |
Laboratory Corp. of America Holdings | 24 | 5,134 | |
McKesson Corp. | 57 | 22,937 | |
Premier, Inc. | 47 | 1,304 | |
Privia Health Group, Inc. (b) | 66 | 1,843 | |
Quest Diagnostics, Inc. | 51 | 6,896 | |
R1 RCM, Inc. (b) | 233 | 4,026 | |
Surgery Partners, Inc. (b) | 90 | 3,477 | |
Tenet Healthcare Corp. (b) | 27 | 2,018 | |
UnitedHealth Group, Inc. | 254 | 128,618 | |
374,110 | |||
Health Care Technology - 0.1% | |||
Evolent Health, Inc. (b) | 71 | 2,158 | |
Teladoc Health, Inc. (b) | 54 | 1,608 | |
Veeva Systems, Inc. Class A (b) | 1 | 204 | |
3,970 | |||
Life Sciences Tools & Services - 1.0% | |||
Agilent Technologies, Inc. | 67 | 8,159 | |
Avantor, Inc. (b) | 150 | 3,086 | |
Danaher Corp. | 177 | 45,146 | |
Illumina, Inc. (b) | 25 | 4,804 | |
IQVIA Holdings, Inc. (b) | 5 | 1,119 | |
Mettler-Toledo International, Inc. (b) | 3 | 3,772 | |
Thermo Fisher Scientific, Inc. | 44 | 24,141 | |
Waters Corp. (b) | 10 | 2,762 | |
West Pharmaceutical Services, Inc. | 13 | 4,785 | |
97,774 | |||
Pharmaceuticals - 4.1% | |||
AstraZeneca PLC sponsored ADR | 202 | 14,483 | |
Axsome Therapeutics, Inc. (b) | 28 | 2,197 | |
Bristol-Myers Squibb Co. | 1,004 | 62,439 | |
Edgewise Therapeutics, Inc. (b) | 111 | 809 | |
Eli Lilly & Co. | 173 | 78,637 | |
GSK PLC sponsored ADR | 145 | 5,158 | |
Johnson & Johnson | 519 | 86,948 | |
Merck & Co., Inc. | 393 | 41,913 | |
Novo Nordisk A/S: | |||
Series B | 7 | 1,129 | |
Series B sponsored ADR | 47 | 7,572 | |
Perrigo Co. PLC | 24 | 879 | |
Pfizer, Inc. | 699 | 25,206 | |
Roche Holding AG (participation certificate) | 29 | 8,991 | |
Sanofi SA sponsored ADR | 339 | 18,092 | |
Terns Pharmaceuticals, Inc. (b) | 113 | 816 | |
Ventyx Biosciences, Inc. (b) | 71 | 2,631 | |
Zoetis, Inc. Class A | 193 | 36,301 | |
394,201 | |||
TOTAL HEALTH CARE | 1,204,202 | ||
INDUSTRIALS - 10.3% | |||
Aerospace & Defense - 1.4% | |||
Airbus Group NV | 187 | 27,545 | |
Axon Enterprise, Inc. (b) | 44 | 8,181 | |
BWX Technologies, Inc. | 75 | 5,175 | |
Curtiss-Wright Corp. | 38 | 7,272 | |
HEICO Corp. | 33 | 5,807 | |
HEICO Corp. Class A | 86 | 12,070 | |
Hexcel Corp. | 84 | 5,937 | |
Howmet Aerospace, Inc. | 102 | 5,216 | |
Kratos Defense & Security Solutions, Inc. (b) | 241 | 3,637 | |
Lockheed Martin Corp. | 19 | 8,481 | |
Mercury Systems, Inc. (b) | 88 | 3,342 | |
Northrop Grumman Corp. | 47 | 20,915 | |
Spirit AeroSystems Holdings, Inc. Class A | 57 | 1,814 | |
Textron, Inc. | 175 | 13,610 | |
V2X, Inc. (b) | 57 | 2,933 | |
Woodward, Inc. | 19 | 2,287 | |
134,222 | |||
Air Freight & Logistics - 0.9% | |||
C.H. Robinson Worldwide, Inc. | 73 | 7,313 | |
DHL Group | 101 | 5,188 | |
Expeditors International of Washington, Inc. | 148 | 18,840 | |
FedEx Corp. | 64 | 17,277 | |
GXO Logistics, Inc. (b) | 43 | 2,884 | |
United Parcel Service, Inc. Class B | 190 | 35,555 | |
87,057 | |||
Building Products - 0.9% | |||
Allegion PLC | 30 | 3,506 | |
Builders FirstSource, Inc. (b) | 38 | 5,488 | |
Carrier Global Corp. | 230 | 13,697 | |
Fortune Brands Home & Security, Inc. | 104 | 7,391 | |
Johnson Controls International PLC | 335 | 23,299 | |
Owens Corning | 47 | 6,580 | |
Simpson Manufacturing Co. Ltd. | 20 | 3,160 | |
The AZEK Co., Inc. (b) | 58 | 1,810 | |
Trane Technologies PLC | 105 | 20,941 | |
85,872 | |||
Commercial Services & Supplies - 0.1% | |||
ACV Auctions, Inc. Class A (b) | 145 | 2,536 | |
Cintas Corp. | 8 | 4,016 | |
Copart, Inc. (b) | 54 | 4,773 | |
11,325 | |||
Construction & Engineering - 0.5% | |||
Comfort Systems U.S.A., Inc. | 46 | 8,003 | |
EMCOR Group, Inc. | 48 | 10,322 | |
Granite Construction, Inc. | 114 | 4,666 | |
IES Holdings, Inc. (b) | 99 | 5,675 | |
MasTec, Inc. (b) | 10 | 1,178 | |
Quanta Services, Inc. | 45 | 9,073 | |
Sterling Construction Co., Inc. (b) | 53 | 3,179 | |
Willscot Mobile Mini Holdings (b) | 50 | 2,398 | |
44,494 | |||
Electrical Equipment - 0.7% | |||
Acuity Brands, Inc. | 26 | 4,296 | |
Atkore, Inc. (b) | 58 | 9,203 | |
Eaton Corp. PLC | 57 | 11,703 | |
Emerson Electric Co. | 27 | 2,466 | |
Hubbell, Inc. Class B | 17 | 5,304 | |
Regal Rexnord Corp. | 88 | 13,744 | |
Rockwell Automation, Inc. | 11 | 3,699 | |
Sunrun, Inc. (b) | 62 | 1,177 | |
Thermon Group Holdings, Inc. (b) | 125 | 3,451 | |
Vertiv Holdings Co. | 284 | 7,387 | |
62,430 | |||
Ground Transportation - 1.1% | |||
CSX Corp. | 228 | 7,597 | |
J.B. Hunt Transport Services, Inc. | 26 | 5,302 | |
Landstar System, Inc. | 24 | 4,886 | |
Norfolk Southern Corp. | 30 | 7,008 | |
Ryder System, Inc. | 33 | 3,371 | |
Schneider National, Inc. Class B | 44 | 1,356 | |
U-Haul Holding Co. | 23 | 1,400 | |
U-Haul Holding Co. (non-vtg.) | 18 | 1,030 | |
Uber Technologies, Inc. (b) | 1,242 | 61,429 | |
Union Pacific Corp. | 56 | 12,993 | |
106,372 | |||
Industrial Conglomerates - 1.7% | |||
3M Co. | 147 | 16,391 | |
General Electric Co. | 1,056 | 120,637 | |
Honeywell International, Inc. | 118 | 22,907 | |
Siemens AG | 42 | 7,159 | |
167,094 | |||
Machinery - 1.6% | |||
AGCO Corp. | 8 | 1,065 | |
Caterpillar, Inc. | 36 | 9,546 | |
Chart Industries, Inc. (b) | 17 | 3,097 | |
Crane Nxt Co. | 18 | 1,065 | |
Cummins, Inc. | 77 | 20,082 | |
Deere & Co. | 33 | 14,177 | |
Dover Corp. | 41 | 5,985 | |
Federal Signal Corp. | 102 | 6,231 | |
Flowserve Corp. | 56 | 2,115 | |
Fortive Corp. | 140 | 10,969 | |
Graco, Inc. | 47 | 3,729 | |
IDEX Corp. | 32 | 7,226 | |
Ingersoll Rand, Inc. | 116 | 7,571 | |
Oshkosh Corp. | 46 | 4,235 | |
Otis Worldwide Corp. | 46 | 4,184 | |
Pentair PLC | 334 | 23,213 | |
SPX Technologies, Inc. (b) | 87 | 7,361 | |
Terex Corp. | 97 | 5,687 | |
Toro Co. | 41 | 4,168 | |
Xylem, Inc. | 71 | 8,005 | |
149,711 | |||
Passenger Airlines - 0.0% | |||
Copa Holdings SA Class A | 12 | 1,416 | |
Professional Services - 0.9% | |||
ASGN, Inc. (b) | 44 | 3,358 | |
Automatic Data Processing, Inc. | 145 | 35,853 | |
Broadridge Financial Solutions, Inc. | 53 | 8,900 | |
ExlService Holdings, Inc. (b) | 41 | 5,779 | |
FTI Consulting, Inc. (b) | 20 | 3,503 | |
KBR, Inc. | 79 | 4,858 | |
Leidos Holdings, Inc. | 55 | 5,144 | |
Maximus, Inc. | 50 | 4,188 | |
Robert Half, Inc. | 51 | 3,782 | |
TransUnion Holding Co., Inc. | 67 | 5,339 | |
WNS Holdings Ltd. sponsored ADR (b) | 26 | 1,797 | |
82,501 | |||
Trading Companies & Distributors - 0.5% | |||
Air Lease Corp. Class A | 38 | 1,609 | |
Fastenal Co. | 29 | 1,700 | |
Ferguson PLC | 99 | 16,000 | |
Finning International, Inc. | 42 | 1,447 | |
GMS, Inc. (b) | 36 | 2,653 | |
SiteOne Landscape Supply, Inc. (b) | 13 | 2,210 | |
United Rentals, Inc. | 19 | 8,829 | |
W.W. Grainger, Inc. | 19 | 14,031 | |
WESCO International, Inc. | 18 | 3,160 | |
51,639 | |||
TOTAL INDUSTRIALS | 984,133 | ||
INFORMATION TECHNOLOGY - 24.5% | |||
Communications Equipment - 0.8% | |||
Arista Networks, Inc. (b) | 37 | 5,738 | |
Cisco Systems, Inc. | 1,048 | 54,538 | |
Extreme Networks, Inc. (b) | 127 | 3,377 | |
Motorola Solutions, Inc. | 45 | 12,898 | |
76,551 | |||
Electronic Equipment, Instruments & Components - 0.5% | |||
Advanced Energy Industries, Inc. | 62 | 7,761 | |
Avnet, Inc. | 60 | 2,910 | |
CDW Corp. | 11 | 2,058 | |
Fabrinet (b) | 30 | 3,709 | |
Insight Enterprises, Inc. (b) | 56 | 8,215 | |
Keysight Technologies, Inc. (b) | 36 | 5,799 | |
Mirion Technologies, Inc. Class A (b) | 339 | 2,559 | |
National Instruments Corp. | 37 | 2,183 | |
TD SYNNEX Corp. | 21 | 2,073 | |
Teledyne Technologies, Inc. (b) | 15 | 5,768 | |
Trimble, Inc. (b) | 96 | 5,165 | |
48,200 | |||
IT Services - 1.7% | |||
Accenture PLC Class A | 57 | 18,032 | |
Akamai Technologies, Inc. (b) | 135 | 12,758 | |
Amdocs Ltd. | 115 | 10,769 | |
Capgemini SA | 11 | 1,993 | |
Cloudflare, Inc. (b) | 35 | 2,407 | |
Cognizant Technology Solutions Corp. Class A | 26 | 1,717 | |
Digitalocean Holdings, Inc. (b) | 60 | 2,971 | |
DXC Technology Co. (b) | 82 | 2,267 | |
Fastly, Inc. Class A (b) | 161 | 2,958 | |
Gartner, Inc. (b) | 15 | 5,304 | |
GoDaddy, Inc. (b) | 102 | 7,863 | |
IBM Corp. | 227 | 32,729 | |
MongoDB, Inc. Class A (b) | 42 | 17,783 | |
Okta, Inc. (b) | 123 | 9,454 | |
Perficient, Inc. (b) | 21 | 1,340 | |
Shopify, Inc. Class A (b) | 117 | 7,904 | |
Snowflake, Inc. (b) | 50 | 8,886 | |
Twilio, Inc. Class A (b) | 231 | 15,253 | |
VeriSign, Inc. (b) | 25 | 5,274 | |
167,662 | |||
Semiconductors & Semiconductor Equipment - 7.7% | |||
Advanced Micro Devices, Inc. (b) | 327 | 37,409 | |
Analog Devices, Inc. | 99 | 19,753 | |
Applied Materials, Inc. | 140 | 21,223 | |
ASML Holding NV (depository receipt) | 4 | 2,866 | |
Axcelis Technologies, Inc. (b) | 37 | 7,418 | |
Cirrus Logic, Inc. (b) | 82 | 6,626 | |
Enphase Energy, Inc. (b) | 31 | 4,707 | |
First Solar, Inc. (b) | 51 | 10,577 | |
GlobalFoundries, Inc. (b) | 242 | 15,413 | |
Intel Corp. | 878 | 31,406 | |
Lam Research Corp. | 35 | 25,147 | |
Lattice Semiconductor Corp. (b) | 99 | 9,003 | |
Micron Technology, Inc. | 183 | 13,064 | |
Monolithic Power Systems, Inc. | 10 | 5,595 | |
NVIDIA Corp. | 677 | 316,355 | |
NXP Semiconductors NV | 294 | 65,556 | |
ON Semiconductor Corp. (b) | 262 | 28,231 | |
Onto Innovation, Inc. (b) | 40 | 4,973 | |
Qorvo, Inc. (b) | 22 | 2,420 | |
Qualcomm, Inc. | 206 | 27,227 | |
Skyworks Solutions, Inc. | 33 | 3,774 | |
SMART Global Holdings, Inc. (b) | 64 | 1,702 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 200 | 19,830 | |
Teradyne, Inc. | 25 | 2,824 | |
Texas Instruments, Inc. | 263 | 47,340 | |
Universal Display Corp. | 22 | 3,209 | |
733,648 | |||
Software - 8.4% | |||
Adobe, Inc. (b) | 85 | 46,424 | |
ANSYS, Inc. (b) | 21 | 7,184 | |
Aspen Technology, Inc. (b) | 6 | 1,071 | |
Atlassian Corp. PLC (b) | 29 | 5,276 | |
Autodesk, Inc. (b) | 71 | 15,051 | |
Bill Holdings, Inc. (b) | 20 | 2,507 | |
Black Knight, Inc. (b) | 23 | 1,617 | |
Cadence Design Systems, Inc. (b) | 48 | 11,232 | |
Dolby Laboratories, Inc. Class A | 35 | 3,101 | |
DoubleVerify Holdings, Inc. (b) | 58 | 2,442 | |
Elastic NV (b) | 50 | 3,323 | |
Fair Isaac Corp. (b) | 7 | 5,866 | |
Five9, Inc. (b) | 23 | 2,018 | |
Gen Digital, Inc. | 579 | 11,262 | |
Guidewire Software, Inc. (b) | 29 | 2,460 | |
HubSpot, Inc. (b) | 31 | 17,997 | |
Intapp, Inc. (b) | 92 | 3,778 | |
Intuit, Inc. | 60 | 30,702 | |
Manhattan Associates, Inc. (b) | 10 | 1,906 | |
Microsoft Corp. | 1,311 | 440,391 | |
New Relic, Inc. (b) | 16 | 1,344 | |
Open Text Corp. | 136 | 5,841 | |
Oracle Corp. | 227 | 26,611 | |
PROS Holdings, Inc. (b) | 117 | 4,446 | |
PTC, Inc. (b) | 54 | 7,874 | |
Roper Technologies, Inc. | 24 | 11,833 | |
Salesforce, Inc. (b) | 231 | 51,977 | |
SAP SE sponsored ADR | 95 | 12,953 | |
ServiceNow, Inc. (b) | 27 | 15,741 | |
Splunk, Inc. (b) | 23 | 2,492 | |
SPS Commerce, Inc. (b) | 40 | 7,216 | |
Synopsys, Inc. (b) | 27 | 12,199 | |
Tenable Holdings, Inc. (b) | 100 | 4,866 | |
VMware, Inc. Class A (b) | 58 | 9,143 | |
Workday, Inc. Class A (b) | 52 | 12,331 | |
Workiva, Inc. (b) | 21 | 2,211 | |
804,686 | |||
Technology Hardware, Storage & Peripherals - 5.4% | |||
Apple, Inc. | 2,430 | 477,368 | |
Avid Technology, Inc. (b) | 75 | 1,788 | |
Hewlett Packard Enterprise Co. | 826 | 14,356 | |
HP, Inc. | 242 | 7,945 | |
Samsung Electronics Co. Ltd. GDR (Reg. S) | 4 | 5,444 | |
Western Digital Corp. (b) | 140 | 5,958 | |
512,859 | |||
TOTAL INFORMATION TECHNOLOGY | 2,343,606 | ||
MATERIALS - 2.8% | |||
Chemicals - 1.6% | |||
Air Products & Chemicals, Inc. | 9 | 2,748 | |
Albemarle Corp. | 13 | 2,760 | |
Axalta Coating Systems Ltd. (b) | 118 | 3,776 | |
CF Industries Holdings, Inc. | 64 | 5,253 | |
Corteva, Inc. | 234 | 13,205 | |
Dow, Inc. | 93 | 5,252 | |
DuPont de Nemours, Inc. | 362 | 28,102 | |
Ecolab, Inc. | 123 | 22,526 | |
Element Solutions, Inc. | 64 | 1,341 | |
International Flavors & Fragrances, Inc. | 94 | 7,953 | |
Linde PLC | 70 | 27,347 | |
LyondellBasell Industries NV Class A | 57 | 5,635 | |
PPG Industries, Inc. | 67 | 9,641 | |
Sherwin-Williams Co. | 20 | 5,530 | |
The Mosaic Co. | 144 | 5,869 | |
146,938 | |||
Containers & Packaging - 0.2% | |||
Amcor PLC | 651 | 6,679 | |
Aptargroup, Inc. | 8 | 972 | |
Avery Dennison Corp. | 31 | 5,704 | |
Ball Corp. | 92 | 5,399 | |
Graphic Packaging Holding Co. | 53 | 1,283 | |
20,037 | |||
Metals & Mining - 1.0% | |||
Commercial Metals Co. | 129 | 7,381 | |
Constellium NV (b) | 192 | 3,665 | |
First Quantum Minerals Ltd. | 486 | 14,414 | |
Freeport-McMoRan, Inc. | 900 | 40,185 | |
Lundin Mining Corp. | 1,187 | 10,613 | |
Newmont Corp. | 140 | 6,009 | |
Nucor Corp. | 23 | 3,958 | |
Reliance Steel & Aluminum Co. | 8 | 2,343 | |
Royal Gold, Inc. | 19 | 2,283 | |
Southern Copper Corp. | 23 | 2,011 | |
Steel Dynamics, Inc. | 12 | 1,279 | |
94,141 | |||
Paper & Forest Products - 0.0% | |||
Louisiana-Pacific Corp. | 46 | 3,502 | |
TOTAL MATERIALS | 264,618 | ||
REAL ESTATE - 1.8% | |||
Equity Real Estate Investment Trusts (REITs) - 1.6% | |||
Alexandria Real Estate Equities, Inc. | 20 | 2,514 | |
American Tower Corp. | 82 | 15,605 | |
Crown Castle International Corp. | 109 | 11,804 | |
Digital Realty Trust, Inc. | 81 | 10,094 | |
Elme Communities (SBI) | 97 | 1,576 | |
Equinix, Inc. | 27 | 21,868 | |
Essential Properties Realty Trust, Inc. | 55 | 1,350 | |
Extra Space Storage, Inc. | 5 | 698 | |
Healthpeak Properties, Inc. | 36 | 786 | |
Host Hotels & Resorts, Inc. | 385 | 7,084 | |
Iron Mountain, Inc. | 91 | 5,587 | |
Prologis (REIT), Inc. | 220 | 27,445 | |
SBA Communications Corp. Class A | 15 | 3,284 | |
Simon Property Group, Inc. | 57 | 7,102 | |
Sunstone Hotel Investors, Inc. | 112 | 1,141 | |
Ventas, Inc. | 112 | 5,434 | |
Welltower, Inc. | 210 | 17,252 | |
Weyerhaeuser Co. | 230 | 7,834 | |
148,458 | |||
Real Estate Management & Development - 0.2% | |||
CBRE Group, Inc. (b) | 198 | 16,495 | |
Cushman & Wakefield PLC (b) | 148 | 1,455 | |
Howard Hughes Corp. (b) | 18 | 1,520 | |
Jones Lang LaSalle, Inc. (b) | 20 | 3,331 | |
22,801 | |||
TOTAL REAL ESTATE | 171,259 | ||
UTILITIES - 2.2% | |||
Electric Utilities - 1.1% | |||
Avangrid, Inc. | 98 | 3,634 | |
Edison International | 233 | 16,767 | |
Eversource Energy | 270 | 19,529 | |
Exelon Corp. | 280 | 11,721 | |
NextEra Energy, Inc. | 555 | 40,682 | |
Southern Co. | 115 | 8,319 | |
100,652 | |||
Gas Utilities - 0.2% | |||
Brookfield Infrastructure Corp. A Shares | 107 | 4,999 | |
New Jersey Resources Corp. | 46 | 2,056 | |
ONE Gas, Inc. | 72 | 5,697 | |
UGI Corp. | 267 | 7,206 | |
19,958 | |||
Independent Power and Renewable Electricity Producers - 0.0% | |||
Brookfield Renewable Corp. | 32 | 997 | |
Multi-Utilities - 0.8% | |||
Consolidated Edison, Inc. | 262 | 24,853 | |
Dominion Energy, Inc. | 56 | 2,999 | |
National Grid PLC | 538 | 7,131 | |
Public Service Enterprise Group, Inc. | 482 | 30,424 | |
Sempra Energy | 88 | 13,114 | |
78,521 | |||
Water Utilities - 0.1% | |||
American Water Works Co., Inc. | 40 | 5,897 | |
Essential Utilities, Inc. | 177 | 7,485 | |
13,382 | |||
TOTAL UTILITIES | 213,510 | ||
TOTAL COMMON STOCKS (Cost $8,127,346) | 9,019,530 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
INDUSTRIALS - 0.0% | |||
Aerospace & Defense - 0.0% | |||
Embraer SA sponsored ADR (b) (Cost $3,171) | 231 | 3,613 | |
Money Market Funds - 4.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.32% (c) (Cost $438,882) | 438,794 | 438,882 | |
TOTAL INVESTMENT IN SECURITIES - 99.1% (Cost $8,569,399) | 9,462,025 |
NET OTHER ASSETS (LIABILITIES) - 0.9% | 88,610 |
NET ASSETS - 100.0% | 9,550,635 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 1 | Sep 2023 | 230,725 | 936 | 936 |
The notional amount of futures purchased as a percentage of Net Assets is 2.4% |
(a) | 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 $7,868 or 0.1% of net assets. |
(b) | Non-income producing |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 5.32% | - | 8,767,807 | 8,328,925 | 7,480 | - | - | 438,882 | 0.0% |
Total | - | 8,767,807 | 8,328,925 | 7,480 | - | - | 438,882 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 635,313 | 628,695 | 6,618 | - |
Consumer Discretionary | 989,989 | 974,298 | 15,691 | - |
Consumer Staples | 541,790 | 530,261 | 11,529 | - |
Energy | 546,567 | 546,567 | - | - |
Financials | 1,124,543 | 1,124,543 | - | - |
Health Care | 1,204,202 | 1,194,082 | 10,120 | - |
Industrials | 987,746 | 953,042 | 34,704 | - |
Information Technology | 2,343,606 | 2,341,613 | 1,993 | - |
Materials | 264,618 | 264,618 | - | - |
Real Estate | 171,259 | 171,259 | - | - |
Utilities | 213,510 | 206,379 | 7,131 | - |
Money Market Funds | 438,882 | 438,882 | - | - |
Total Investments in Securities: | 9,462,025 | 9,374,239 | 87,786 | - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 936 | 936 | - | - |
Total Assets | 936 | 936 | - | - |
Total Derivative Instruments: | 936 | 936 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 936 | 0 |
Total Equity Risk | 936 | 0 |
Total Value of Derivatives | 936 | 0 |
Statement of Assets and Liabilities | ||||
July 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $8,130,517) | $ | 9,023,143 | ||
Fidelity Central Funds (cost $438,882) | 438,882 | |||
Total Investment in Securities (cost $8,569,399) | $ | 9,462,025 | ||
Segregated cash with brokers for derivative instruments | 11,200 | |||
Cash | 6,824 | |||
Receivable for fund shares sold | 65,341 | |||
Dividends receivable | 6,702 | |||
Distributions receivable from Fidelity Central Funds | 1,213 | |||
Receivable for daily variation margin on futures contracts | 400 | |||
Receivable from investment adviser for expense reductions | 386 | |||
Total assets | 9,554,091 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 500 | ||
Custody fee payable | 2,956 | |||
Total Liabilities | 3,456 | |||
Net Assets | $ | 9,550,635 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 8,598,479 | ||
Total accumulated earnings (loss) | 952,156 | |||
Net Assets | $ | 9,550,635 | ||
Net Asset Value, offering price and redemption price per share ($9,550,635 ÷ 852,099 shares) | $ | 11.21 |
Statement of Operations | ||||
For the period May 11, 2023 (commencement of operations) through July 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 27,749 | ||
Income from Fidelity Central Funds | 7,480 | |||
Total Income | 35,229 | |||
Expenses | ||||
Custodian fees and expenses | $ | 2,956 | ||
Independent trustees' fees and expenses | 4 | |||
Total expenses before reductions | 2,960 | |||
Expense reductions | (2,901) | |||
Total expenses after reductions | 59 | |||
Net Investment income (loss) | 35,170 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 15,924 | |||
Foreign currency transactions | (56) | |||
Futures contracts | 7,550 | |||
Total net realized gain (loss) | 23,418 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 892,626 | |||
Assets and liabilities in foreign currencies | 6 | |||
Futures contracts | 936 | |||
Total change in net unrealized appreciation (depreciation) | 893,568 | |||
Net gain (loss) | 916,986 | |||
Net increase (decrease) in net assets resulting from operations | $ | 952,156 |
Statement of Changes in Net Assets | ||
For the period May 11, 2023 (commencement of operations) through July 31, 2023 (Unaudited) | ||
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $ | 35,170 |
Net realized gain (loss) | 23,418 | |
Change in net unrealized appreciation (depreciation) | 893,568 | |
Net increase (decrease) in net assets resulting from operations | 952,156 | |
Share transactions | ||
Proceeds from sales of shares | 9,127,174 | |
Cost of shares redeemed | (528,695) | |
Net increase (decrease) in net assets resulting from share transactions | 8,598,479 | |
Total increase (decrease) in net assets | 9,550,635 | |
Net Assets | ||
Beginning of period | - | |
End of period | $ | 9,550,635 |
Other Information | ||
Shares | ||
Sold | 901,612 | |
Redeemed | (49,513) | |
Net increase (decrease) | 852,099 | |
Fidelity® Series Sustainable U.S. Market Fund |
Six months ended (Unaudited) July 31, 2023 A | ||
Selected Per-Share Data | ||
Net asset value, beginning of period | $ | 10.00 |
Income from Investment Operations | ||
Net investment income (loss) B,C | .04 | |
Net realized and unrealized gain (loss) | 1.17 | |
Total from investment operations | 1.21 | |
Net asset value, end of period | $ | 11.21 |
Total Return D,E | 12.10% | |
Ratios to Average Net Assets C,F,G | ||
Expenses before reductions | .16% H | |
Expenses net of fee waivers, if any | -% H,I | |
Expenses net of all reductions | -% H,I | |
Net investment income (loss) | 1.93% H | |
Supplemental Data | ||
Net assets, end of period (000 omitted) | $ | 9,551 |
Portfolio turnover rate J | 2% K |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA | |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% | |
Gross unrealized appreciation | $990,628 |
Gross unrealized depreciation | (97,066) |
Net unrealized appreciation (depreciation) | $893,562 |
Tax cost | $8,569,399 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Series Sustainable U.S. Market Fund | 8,267,736 | 152,985 |
Amount | |
Fidelity Series Sustainable U.S. Market Fund | $44 |
The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 11, 2023 to July 31, 2023). The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (February 1, 2023 to July 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value | Ending Account Value July 31, 2023 | Expenses Paid During Period | |||||||
Fidelity® Series Sustainable U.S. Market Fund | -%-E | |||||||||
Actual | $ 1,000 | $ 1,121.00 | $-C, F | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.79 | $-D, F | |||||||
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Summer Street Trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Summer Street Trust’s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Summer Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | September 21, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | September 21, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | September 21, 2023 |