| uCloudlink Group Inc ADR | Telecom Services | Communication Services | 2.27 | -16.64 | -16.64 | -32.52 | -16.64 | -31.60 | -75.08 | -32.97 |
| Cogent Communications Holdings Inc | Telecom Services | Communication Services | -5.93 | -15.71 | -26.21 | -28.37 | -34.91 | -17.05 | -13.00 | -11.18 |
| Altice USA Inc Cl A | Telecom Services | Communication Services | -9.39 | -14.94 | -2.20 | -7.88 | -11.55 | -5.13 | -31.90 | -81.07 |
| Liberty Latin America Ltd Cl A | Telecom Services | Communication Services | -3.64 | -14.24 | -19.70 | -18.59 | -44.27 | -27.50 | -34.65 | -50.33 |
| Gogo Inc | Telecom Services | Communication Services | -7.18 | -14.03 | 6.12 | -1.52 | 11.79 | -17.23 | -50.59 | -66.00 |
| Liberty Latin America Ltd Cl C | Telecom Services | Communication Services | -3.85 | -13.39 | -20.12 | -19.14 | -44.26 | -28.42 | -35.39 | -50.89 |
| WideOpenWest Inc | Telecom Services | Communication Services | -7.24 | -12.06 | -4.30 | -5.79 | -17.38 | 14.63 | -61.48 | -79.77 |
| IHS Holding Ltd | Telecom Services | Communication Services | -0.87 | -11.43 | 32.85 | 45.54 | 54.39 | 31.70 | -49.33 | -59.27 |
| ATN International Inc | Telecom Services | Communication Services | -3.25 | -11.13 | -14.89 | 14.41 | -45.41 | -34.00 | -54.98 | -54.46 |
| Telefonica S.A. ADR | Telecom Services | Communication Services | -1.12 | -10.18 | -3.50 | 11.93 | -5.07 | 9.05 | 11.16 | 5.67 |
| Sify Technologies Ltd ADR | Telecom Services | Communication Services | 2.06 | -10.00 | -12.20 | 35.15 | 31.56 | -49.23 | -48.84 | -77.16 |
| Vodafone Group Plc ADR | Telecom Services | Communication Services | -1.52 | -9.82 | -10.58 | 4.97 | -10.99 | 8.37 | -11.23 | -36.62 |
| Rogers Communications Inc Cl B | Telecom Services | Communication Services | -3.05 | -9.70 | -15.99 | -17.37 | -36.68 | -36.62 | -46.37 | -53.77 |
| Liberty Broadband Corp Cl A | Telecom Services | Communication Services | -3.67 | -9.54 | -10.31 | 3.93 | -4.13 | 52.09 | -6.83 | -43.77 |
| PicoCELA Inc ADR | Telecom Services | Communication Services | -6.02 | -9.00 | -30.93 | -79.81 | -79.81 | -79.81 | -79.81 | -79.81 |
| Charter Communications Inc Cl A | Telecom Services | Communication Services | -3.32 | -8.94 | -10.19 | 0.17 | 2.03 | 27.63 | -5.21 | -40.09 |
| Liberty Broadband Corp Cl C | Telecom Services | Communication Services | -3.50 | -8.92 | -8.94 | 4.75 | -3.08 | 55.52 | -4.85 | -44.91 |
| Telefonica Brasil S.A. ADR | Telecom Services | Communication Services | -1.39 | -8.49 | 0.80 | 13.27 | -8.37 | -8.89 | 23.11 | -11.07 |
| Anterix Inc | Telecom Services | Communication Services | -0.70 | -7.98 | -13.83 | 13.75 | 2.31 | 0.65 | -2.33 | -40.85 |
| Liberty Global Ltd Cl B | Telecom Services | Communication Services | 0.00 | -7.82 | -13.33 | -20.09 | -52.39 | -40.81 | -47.32 | -61.30 |
| Telephone & Data Systems Inc Dep. Pfd (Rep. 1/1000th Perp. Pfd Series UU) | Telecom Services | Communication Services | -0.67 | -7.73 | -4.11 | -4.31 | -4.11 | 15.44 | 54.32 | 4.87 |
| TIM S/A ADR | Telecom Services | Communication Services | -0.99 | -7.59 | 4.64 | 34.09 | 0.44 | -10.46 | 32.74 | 21.16 |
| BCE Inc | Telecom Services | Communication Services | -0.10 | -7.41 | -13.12 | -4.72 | -30.72 | -26.35 | -42.90 | -50.95 |
| Millicom International Cellular S.A. | Telecom Services | Communication Services | -0.33 | -7.38 | -1.68 | 18.49 | 10.77 | 44.28 | 60.94 | 13.81 |