| VEON Ltd ADR | Telecom Services | Communication Services | 2.21 | 1.63 | 13.51 | 18.22 | 27.84 | 58.97 | 258.71 | -43.01 |
| Turkcell Iletisim Hizmetleri A.S. ADR | Telecom Services | Communication Services | -0.56 | 1.29 | 0.57 | -5.12 | 39.13 | 51.23 | 146.86 | 73.71 |
| Millicom International Cellular S.A. | Telecom Services | Communication Services | -1.28 | -0.29 | 4.05 | 19.81 | 40.20 | 80.61 | 140.76 | -24.03 |
| U.S. Cellular Corp | Telecom Services | Communication Services | 0.53 | 3.75 | 2.62 | 2.23 | 58.93 | 35.48 | 119.75 | 81.88 |
| uCloudlink Group Inc ADR | Telecom Services | Communication Services | -0.38 | 3.52 | -6.69 | -29.14 | -17.19 | -37.79 | 118.65 | -72.57 |
| FingerMotion Inc | Telecom Services | Communication Services | 3.83 | 4.83 | -7.26 | -15.56 | 0.00 | -58.67 | 104.91 | -51.78 |
| Telecom Argentina S.A. ADR | Telecom Services | Communication Services | -1.02 | -9.26 | 13.16 | 3.89 | 0.26 | 55.42 | 95.45 | 67.55 |
| Crexendo Inc | Telecom Services | Communication Services | -5.47 | -8.09 | -13.94 | 40.72 | -6.70 | 107.69 | 83.63 | -25.15 |
| Telephone & Data Systems Inc | Telecom Services | Communication Services | 2.29 | 4.83 | 4.97 | 19.71 | 52.39 | 38.46 | 83.22 | 40.53 |
| TIM S/A ADR | Telecom Services | Communication Services | 0.52 | 1.95 | 5.95 | 19.01 | -0.59 | 23.03 | 76.14 | 77.23 |
| Liberty Latin America Ltd Cl A | Telecom Services | Communication Services | 1.54 | 3.13 | 3.89 | 4.11 | 40.40 | 22.30 | 67.01 | -21.98 |
| Telefonica S.A. ADR | Telecom Services | Communication Services | 0.20 | 1.24 | 7.00 | 13.46 | 14.03 | 27.56 | 65.93 | 21.14 |
| Liberty Latin America Ltd Cl C | Telecom Services | Communication Services | 1.56 | 3.28 | 2.52 | 3.39 | 37.85 | 21.09 | 65.70 | -22.97 |
| Cogent Communications Holdings Inc | Telecom Services | Communication Services | 2.67 | 5.84 | 4.98 | 43.28 | 21.61 | 26.10 | 60.96 | 25.43 |
| Frontier Communications Parent Inc | Telecom Services | Communication Services | -0.03 | 0.17 | 23.35 | 38.46 | 44.93 | 134.93 | 60.71 | 24.08 |
| AT&T Inc | Telecom Services | Communication Services | 1.15 | 1.67 | 11.45 | 18.55 | 28.73 | 57.34 | 58.52 | 30.50 |
| T-Mobile US Inc | Telecom Services | Communication Services | 0.95 | 2.88 | 0.89 | 16.02 | 27.54 | 49.15 | 57.04 | 63.06 |
| IDT Corp Cl B | Telecom Services | Communication Services | 0.31 | -1.49 | 1.43 | 7.83 | 1.61 | 74.19 | 56.19 | -12.77 |
| Telefonica Brasil S.A. ADR | Telecom Services | Communication Services | 1.49 | 2.20 | 8.72 | 24.05 | 4.99 | 24.99 | 51.48 | 53.09 |
| Comcast Corp Cl A | Telecom Services | Communication Services | 1.51 | 3.81 | 3.48 | 9.67 | -1.81 | -3.92 | 46.11 | -19.73 |
| Orange ADR | Telecom Services | Communication Services | -0.60 | -3.80 | 0.60 | 16.97 | 3.02 | 7.29 | 44.96 | 26.46 |
| Ribbon Communications Inc | Telecom Services | Communication Services | 0.93 | 6.89 | -2.98 | 4.15 | -0.31 | 22.10 | 38.72 | -46.82 |
| Verizon Communications Inc | Telecom Services | Communication Services | 0.61 | 1.26 | 8.30 | 11.77 | 11.61 | 51.89 | 35.24 | 1.34 |
| Telephone & Data Systems Inc Dep. Pfd (Rep. 1/1000th 6 Perp. Pfd Series VV) | Telecom Services | Communication Services | 0.15 | 1.05 | 12.35 | 17.09 | 26.80 | 65.65 | 34.89 | 2.94 |