The MSCI EAFE Index increased 1.23 percent

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1 GLOBAL MOMENTUMGUIDE Matthew D. Sauer Founder & Chief Investment Officer Matthew Sauer is the Founder and Chief Investment Officer of the Mutual Fund Investor Guide family of newsletters. Each month he analyzes and provides buy, sell and hold recommendations for hundreds of mutual funds and ETFs in three newsletters: The Investor Guide to Fidelity Funds, The ETF Investor Guide and The Investor Guide to Vanguard Funds. Prior to starting the Mutual Fund Investor Guide, Matthew was President and Chief Investment Officer of the Fidelity Independent Adviser, ETF Report & Sector Momentum Tracker newsletters. WEEKLY SECTOR MOVERS The MSCI EAFE Index increased 1.23 percent last week, the Russell 2000 Index 0.82 percent, the Dow Jones Industrial Average 0.42 percent, the Nasdaq 0.34 percent and the S&P 500 Index 0.28 percent. The Nasdaq has returned percent in 2017, the Dow Jones Industrial Average percent, the MSCI EAFE percent, the S&P 500 Index percent and the Russell 2000 Index percent. The ETF International Portfolio gained 2.09 percent last week, the ETF Blended Portfolio 1.60 percent, the ETF Sector Portfolio 1.27 percent, the Fidelity Select Sector Portfolio 0.57 percent. The ETF International Portfolio has risen percent this year, the ETF Sector Portfolio percent, the Fidelity Select Sector Portfolio 0.57 percent and the ETF Blended Portfolio percent. Fidelity Select Consumer Finance (FSVLX) Sell Chemicals (FSCHX) Aerospace & Defense (ITA) Trades Fidelity Select Sector Portfolio ETF Sector Portfolio DECEMBER 25, 2017 MUTUALFUNDINVESTORGUIDE.COM rose three spots in the rankings. Six funds moved up two places, including Financial Services (FIDSX) and Banking (FSRBX). Chemicals (FSCHX) fell three positions, while lost Utilities (FSUTX) two. Global X Uranium (URA) rose fifteen positions last week. ishares Dow Jones Transportation (IYT) and SPDR S&P Metals & Mining (XME) both climbed nine and SPDR S&P Retail (XRT) eight spots. SPDR S&P Biotech (XBI), First Trust NYSE Arca Biotech (FBT) both declined eleven spots. SPDR Utilities (XLU) and ishares U.S. Utilities (IDU) fell ten. ishares South Africa (EZA) moved up seventeen positions last week. ishares MSCI Chile (ECH) climbed thirteen. Global X Argentina (ARGT) and ishares MSCI New Zealand (ENZL) rose seven positions. Guggenheim China Real Estate (HAO) fell ten spots. Van Eck Russia slid seven Global X Norway (NORW), ishares MSCI Sweden (EWD) and ishares MSCI Peru (EPU) declined six positions. Buy Financial Services (FIDSX) Gaming (BJK) SECTOR MOVERS 1 FIDELITY 2-4 ETF SECTOR 4-9 ETF INTL ETF BLENDED 15 DISCLOSURE 17 ETF International Portfolio Peru (EPU) Argentina (ARGT) China Real Estate (TAO) Japan Hedged (DXJ) ETF Blended Portfolio Peru (EPU) Argentina (ARGT) China Real Estate (TAO) Japan Hedged (DXJ) 1

2 FIDELITY SECTOR MOMENTUM RANKINGS Name Symbol 9/29 10/6 10/13 10/20 10/27 11/3 11/10 11/17 11/24 12/1 12/8 12/15 12/22 Semiconductors FSELX Technology FSPTX Defense & Aero FSDAX Brokerage FSLBX IT Services FBSOX Software FSCSX Computers FDCPX Financial Services FIDSX Automotive FSAVX Consumer Finance FSVLX Chemicals FSCHX Transportation FSRFX Retailing FSRPX Leisure FDLSX Air Transport FSAIX Constr & Housing FSHOX Banking FSRBX Environmental FSLEX Materials FSDPX Industrials FCYIX Consumer Discr FSCPX Industrial Equip FSCGX S&P 500 Index SPX Healthcare Svcs FSHCX Insurance FSPCX Wireless FWRLX Utilities FSUTX Comm Equip FSDCX Medical Equip FSMEX Natural Resources FNARX Energy FSENX HealthCare FSPHX Biotechnology FBIOX Multimedia FBMPX Government Income FGOVX Consumer Staples FDFAX Pharmaceuticals FPHAX Telecommunications FSTCX Energy Services FSESX Natural Gas FSNGX Gold FSAGX

3 FIDELITY SECTOR PERFORMANCE RETURNS Name Symbol Price 1 Week 2 Week 3 Week 1 Month 3 Month 6 Month 9 Month YTD 1 Year Air Transport FSAIX Automotive FSAVX Banking FSRBX Biotechnology FBIOX Brokerage FSLBX Chemicals FSCHX Comm Equip FSDCX Computers FDCPX Constr & Housing FSHOX Consumer Discr FSCPX Consumer Finance FSVLX Consumer Staples FDFAX Defense & Aero FSDAX Energy FSENX Energy Services FSESX Environmental Svcs FSLEX Financial Services FIDSX Gold FSAGX Government Income FGOVX HealthCare FSPHX Healthcare Svcs FSHCX Industrial Equip FSCGX Industrials FCYIX Insurance FSPCX IT Services FBSOX Leisure FDLSX Materials FSDPX Medical Equip FSMEX Multimedia FBMPX Natural Gas FSNGX Natural Resources FNARX Pharmaceuticals FPHAX Retailing FSRPX S&P 500 SPX Semiconductors FSELX Software FSCSX Technology FSPTX Telecommunications FSTCX Transportation FSRFX Utilities FSUTX Wireless FWRLX

4 FIDELITY SELECT SECTOR RETURNS PERIOD PORTFOLIO BENCHMARK S&P 500 Nasdaq Dow Russell 2000 YTD Week Week Week Week Year Inception* *Inception on 12/31/2011 FIDELITY PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 1 Semiconductors FSELX $22, /16/ % 2 Technology FSPTX $23, /13/ % 3 Defense & Aero FSDAX $25, /07/ % 4 Brokerage FSLBX $23, /02/ % 5 IT Services FBSOX $24, /21/ % 6 Software FSCSX $22, /24/ % 7 Computers FDCPX $21, /13/ % 8 Automotive FSAVX $22, /09/ % 8 Consumer Finance FSVLX $31, /04/ % 11 Chemicals FSCHX $22, /02/ % $239, % THIS WEEK S FIDELITY TRADE RECOMMENDATIONS At the close of trading on December 26, 2017 we will make the following trades. Proceeds from multiple fund sales should be split evenly between new purchases. We hold each Fidelity fund for 30 days to avoid a short-term trading fee even if it falls out of the top 10. Sell Chemicals (FSCHX) Buy Financial Serv (FIDSX) Last Week s Sell Transactions Date Fund Symbol Shares Buy Value Sell Proceeds Profit No trades last week 4

5 ETF SECTOR MOMENTUM RANKINGS Name Symbol 9/29 10/6 10/13 10/20 10/27 11/3 11/10 11/17 11/24 12/1 12/8 12/15 12/22 VanEck Rare Earth REMX ishares US Home Constr ITB Glb X Lithium LIT Guggenheim Solar Energy TAN US Brent Oil BNO ishares Semiconductor SOXX ETFS Palladium PALL ishares US Broker Dealers IAI SPDR S&P Cap Mkt KCE PShrs Clean Energy PBW Global X Social Media SOCL ishares NA Technology IGM ishares US Technology IYW VanEck Gaming BJK SPDR Technology XLK ishares US Aero & Defense ITA ishares US Financial Svcs IYG SPDR DJIA DIA FrTrust DJ Internet FDN PShrs DB Oil DBO SPDR Homebuilders XHB US Oil USO SPDR Financial XLF ishares NA Software IGV FrTrust Global Auto CARZ Guggenheim Timber CUT PShrs Water PHO ishares US Finance IYF VanEck Coal KOL ishares US Basic Materials IYM ishares US Industrial IYJ SPDR S&P Bank KBE SPDR Basic Materials XLB PShrs NASDAQ Internet PNQI ishares DJ Transports IYT Glb X Uranium URA SPDR Industrial XLI SPDR S&P 500 SPY ishares US Reg Banks IAT VanEck Ag Business MOO PShrs DB Base Metals DBB SPDR S&P Reg Bank KRE SPDR Cons Disc XLY ishares Russell2000 IWM FrTrust Biotech FBT VanEck Steel SLX Glb X Copper Miners COPX ishares US Med Devices IHI ishares US Oil & Gas Exp IEO

6 ETF SECTOR MOMENTUM RANKINGS Name Symbol 9/29 10/6 10/13 10/20 10/27 11/3 11/10 11/17 11/24 12/1 12/8 12/15 12/22 SPDR Biotech XBI ishares GSCI Commodity GSG ishares US Cons Service IYC ishares US Insurance IAK SPDR Metals & Mining XME SPDR Retail XRT ishares US Healthcare IYH SPDR Healthcare XLV ishares NA Networking IGN PShrs Dyn Leisure PEJ PShrs Private Equity PSP SPDR S&P Insurance KIE SPDR Oil & Gas Explor XOP ishares US Utilities IDU SPDR Utilities XLU SPDR Energy XLE ishares US Energy IYE ishares US Cons Goods IYK VanEck Nuclear Energy NLR ishares NA Natural Res IGE ishares US Real Estate IYR SPDR Cons Staples XLP PShrs Fin Preferred PGF ishares 20+ Yr Tres Bond TLT ishares NASDAQ Biotech IBB ishares C & S Realty ICF SPDR Pharmaceuticals XPH PShrs Dyn Media PBS ishares US Preferred PFF FrTrust Natural Gas FCG ishares Comex Gold IAU SPDR Gold GLD ipath DJ Livestock COW ishares Agg Bond AGG Teucrium Soybean SOYB FrTrust Global Wind FAN Guggenheim Shipping SEA SPDR Oil & Gas Equip XES VanEck Gold Miners GDX ishares US Oil Equip IEZ ETFS Platinum PPLT ishares Silver Trust SLV PShrs DB Agriculture DBA VanEck Jr Gold Miners GDXJ ishares US Telecom IYZ Teucrium Corn CORN Glb X Silver Miners SIL US Natural Gas UNG

7 ETF SECTOR PERFORMANCE RETURNS Name Symbol Price 1 Week 2 Week 3 Week 1 Month 3 Month 6 Month 9 Month YTD 1 Year ETFS Palladium PALL ETFS Platinum PPLT FrTrust Biotech FBT FrTrust DJ Internet FDN FrTrust Global Auto CARZ FrTrust Global Wind FAN FrTrust Natural Gas FCG Glb X Copper Miners COPX Glb X Lithium LIT Glb X Silver Miners SIL Glb X Uranium URA Global X Social Media SOCL Guggenheim Shipping SEA Guggenheim Solar Energy TAN Guggenheim Timber CUT ipath DJ Livestock COW ishares 20+ Yr Tres Bond TLT ishares Agg Bond AGG ishares C & S Realty ICF ishares Comex Gold IAU ishares DJ Transports IYT ishares GSCI Commodity GSG ishares NA Natural Res IGE ishares NA Networking IGN ishares NA Software IGV ishares NA Technology IGM ishares NASDAQ Biotech IBB ishares Russell2000 IWM ishares Semiconductor SOXX ishares Silver Trust SLV ishares US Aero & Defense ITA ishares US Basic Materials IYM ishares US Broker Dealers IAI ishares US Cons Goods IYK ishares US Cons Service IYC ishares US Energy IYE ishares US Finance IYF ishares US Financial Svcs IYG ishares US Healthcare IYH ishares US Home Constr ITB ishares US Industrial IYJ ishares US Insurance IAK ishares US Med Devices IHI ishares US Oil & Gas Exp IEO ishares US Oil Equip IEZ ishares US Preferred PFF ishares US Real Estate IYR ishares US Reg Banks IAT ishares US Technology IYW

8 ETF SECTOR PERFORMANCE RETURNS Name Symbol Price 1 Week 2 Week 3 Week 1 Month 3 Month 6 Month 9 Month YTD 1 Year ishares US Telecom IYZ ishares US Utilities IDU MV Ag Business MOO MV Coal KOL MV Gaming BJK MV Gold Miners GDX MV Jr Gold Miners GDXJ MV Nuclear Energy NLR MV Rare Earth REMX MV Steel SLX PShrs Clean Energy PBW PShrs DB Agriculture DBA PShrs DB Base Metals DBB PShrs DB Oil DBO PShrs Dyn Leisure PEJ PShrs Dyn Media PBS PShrs Fin Preferred PGF PShrs NASDAQ Internet PNQI PShrs Private Equity PSP PShrs Water PHO SPDR Basic Materials XLB SPDR Biotech XBI SPDR Cons Disc XLY SPDR Cons Staples XLP SPDR DJIA DIA SPDR Energy XLE SPDR Financial XLF SPDR Gold GLD SPDR Healthcare XLV SPDR Homebuilders XHB SPDR Industrial XLI SPDR Metals & Mining XME SPDR Oil & Gas Equip XES SPDR Oil & Gas Explor XOP SPDR Pharmaceuticals XPH SPDR Retail XRT SPDR S&P 500 SPY SPDR S&P Bank KBE SPDR S&P Cap Mkt KCE SPDR S&P Insurance KIE SPDR S&P Reg Bank KRE SPDR Technology XLK SPDR Utilities XLU Teucrium Corn CORN Teucrium Soybean SOYB US Brent Oil BNO US Natural Gas UNG US Oil USO

9 ETF SECTOR RETURNS PERIOD PORTFOLIO BENCHMARK S&P 500 Nasdaq Dow Russell 2000 YTD Week Week Week Week Year Inception* *Inception on 12/31/2011 ETF SECTOR PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE Value DATE PURCHASED PERCENT 2 ishares US Home Constr ITB $21, /09/ % 3 Glb X Lithium LIT $20, /27/ % 4 Guggenheim Solar Energy TAN $21, /07/ % 6 ishares Semiconductor SOXX $29, /08/ % 7 ETFS Palladium PALL $23, /27/ % 8 ishares US Broker Dealers IAI $20, /11/ % 9 SPDR S&P Cap Mkt KCE $20, /11/ % 10 PShrs Clean Energy PBW $17, /13/ % 12 ishares NA Technology IGM $20, /27/ % 16 ishares US Aero & Defense ITA $20, /14/ % $217, % THIS WEEK S ETF SECTOR TRADE RECOMMENDATIONS At the close of trading on December 26, 2017 we will make the following trades. Proceeds from multiple fund sales should be split evenly between new purchases. We hold the top 10 highest ranked ETFs, but do not hold more than 2 ETFs from the same sector. There is no minimum holding period for ETFs. Sell Aero & Defense (ITA) Buy Gaming (BJK) Last Week s Sell Transactions Date Fund Symbol Shares Buy Value Sell Proceeds Profit No trades last week 9

10 ETF INTERNATIONAL MOMENTUM RANKINGS Name Symbol 9/29 10/6 10/13 10/20 10/27 11/3 11/10 11/17 11/24 12/1 12/8 12/15 12/22 VanEck Vietnam VNM VanEck Egypt EGPT Glb X Argentina ARGT Glb X Nigeria NGE VanEck India Sm Cap SCIF ishares Thailand Invest THD WTree Japan Hedged DXJ ishares Austria EWO ishares South Korea EWY db xtrackers China ASHR PwrShrs Golden Dragon PGJ ishares All Peru EPU WTree Japan Sm Cap Div DFJ Gugg China RE TAO ishares Japan Sm Cap SCJ China Large Cap FXI ishares Japan EWJ ishares Singapore EWS ishares Asia ex Japan AAXJ Gugg China Sm Cap HAO ishares Emerging Markets EEM VanEck Brazil Small Cap BRF ishares Global 100 IOO ishares Germany EWG ishares Poland EPOL ishares MSCI Italy EWI ishares Ireland EIRL VanEck Africa AFK ishares ACWI Index ACWI ishares France EWQ ishares Hong Kong EWH ishares Netherlands EWN ishares ACWI ex-us ACWX WTree Emg Mkt Sm Cap DivDGS WTree India EPI ishares EMU Index EZU ishares South Africa EZA ishares MSCI EAFE EFA SPDR Emg Mkts Sm Cap EWX WTree Euro Sm Cap Div DFE ishares MSCI Emg MinVol EEMV ishares DJ Euro 50 FEZ Wtree Intl Hedged IHDG Glb X Norway 30 NORW ishares Chile ECH ishares India 50 INDY ishares Canada EWC

11 ETF INTERNATIONAL MOMENTUM RANKINGS Name Symbol 9/29 10/6 10/13 10/20 10/27 11/3 11/10 11/17 11/24 12/1 12/8 12/15 12/22 ishares S&P World Property WPS WTree Emg Markts HiYld DEM ishares S&P Europe 350 IEV VanEck Russia RSX ishares Pacific ex-japan EPP ishares Denmark EDEN ishares MSCI U Kingdom EWU ishares MSCI EAFE MinVol EFAV ishares Belguim EWK ishares Maylasia EWM ishares Australia EWA ishares Taiwan EWT ishares Brazil EWZ ishares Switzerland EWL WTree Europe Hedged HEDJ ishares New Zealand ENZL ishares Spain EWP ishares Philippines EPHE WTree China Yuan CYB Euro Currency Trust FXE CurrShrs Brit Pound FXB ishares Sweden EWD ishares S&P Latin Am 40 ILF VanEck Indonesia IDX ishares Finland EFNL Vanguard Intl Bond BWX WTree Emg Currency CEW VanEck Russia Sm Cap RSXJ Wtree Asia Local Debt ALD CurrShrs Can Dollar FXC Glb X Greece 20 GREK WTree Dreyfus Brazil Real BZF Glb X Colombia GXG CurrShrs Swed Krona FXS CurrShrs Aust Dollar FXA ishares Turkey TUR WTree USD Bullish USDU CurrShrs Japanese Yen FXY ishares Israel Cap Invest EIS CurrShrs SwissFranc FXF PShares USD Bullish UUP ishares Mexico EWW

12 ETF INTERNATIONAL PERFORMANCE RETURNS Name Symbol Price 1 Week 2 Week 3 Week 1 Month 3 Month 6 Month 9 Month YTD 1 Year CurrShrs Aust Dollar FXA CurrShrs Brit Pound FXB CurrShrs Can Dollar FXC CurrShrs Japanese Yen FXY CurrShrs Swed Krona FXS CurrShrs SwissFranc FXF db xtrackers China ASHR Euro Currency Trust FXE Glb X Argentina ARGT Glb X Colombia GXG Glb X Greece 20 GREK Glb X Nigeria NGE Glb X Norway 30 NORW Gugg China RE TAO Gugg China Sm Cap HAO ishares ACWI ex-us ACWX ishares ACWI Index ACWI ishares All Peru EPU ishares Asia ex Japan AAXJ ishares Australia EWA ishares Austria EWO ishares Belguim EWK ishares Brazil EWZ ishares Canada EWC ishares Chile ECH ishares China Large Cap FXI ishares Denmark EDEN ishares DJ Euro 50 FEZ ishares Emerging Markets EEM ishares EMU Index EZU ishares Finland EFNL ishares France EWQ ishares Germany EWG ishares Global 100 IOO ishares Hong Kong EWH ishares India 50 INDY ishares Ireland EIRL ishares Israel Cap Invest EIS ishares Japan EWJ ishares Japan Sm Cap SCJ ishares Maylasia EWM ishares Mexico EWW ishares MSCI EAFE EFA ishares MSCI EAFE MinVol EFAV ishares MSCI Emg MinVol EEMV ishares MSCI Italy EWI ishares MSCI U Kingdom EWU

13 ETF INTERNATIONAL PERFORMANCE RETURNS Name Symbol Price 1 Week 2 Week 3 Week 1 Month 3 Month 6 Month 9 Month YTD 1 Year ishares Netherlands EWN ishares New Zealand ENZL ishares Pacific ex-japan EPP ishares Philippines EPHE ishares Poland EPOL ishares S&P Europe 350 IEV ishares S&P Latin Am 40 ILF ishares S&P World Property WPS ishares Singapore EWS ishares South Africa EZA ishares South Korea EWY ishares Spain EWP ishares Sweden EWD ishares Switzerland EWL ishares Taiwan EWT ishares Thailand Invest THD ishares Turkey TUR MV Africa AFK MV Brazil Small Cap BRF MV Egypt EGPT MV India Sm Cap SCIF MV Indonesia IDX MV Russia RSX MV Russia Sm Cap RSXJ MV Vietnam VNM PShares USD Bullish UUP PwrShrs Golden Dragon PGJ SPDR Emg Mkts Sm Cap EWX Vanguard Intl Bond BWX Wtree Asia Local Debt ALD WTree China Yuan CYB WTree Dreyfus Brazil Real BZF WTree Emg Currency CEW WTree Emg Markts HiYld DEM WTree Emg Mkt Sm Cap Div DGS WTree Euro Sm Cap Div DFE WTree Europe Hedged HEDJ WTree India EPI Wtree Intl Hedged IHDG WTree Japan Hedged DXJ WTree Japan Sm Cap Div DFJ WTree USD Bullish USDU

14 ETF INTERNATIONAL RETURNS PERIOD PORTFOLIO MSCI EAFE S&P 500 Nasdaq Dow YTD Week Week Week Week Year Inception* *Inception on 12/31/2011 INTERNATIONAL PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 1 VanEck Vietnam VNM $14, /04/ % 2 VanEck Egypt EGPT $13, /18/ % 4 Glb X Nigeria NGE $12, /11/ % 5 VanEck India Sm Cap SCIF $15, /04/ % 6 ishares Thailand Invest THD $12, /11/ % 8 ishares Austria EWO $20, /24/ % 8 ishares South Korea EWY $14, /20/ % 10 db xtrackers China ASHR $15, /13/ % 12 ishares All Peru EPU $13, /23/ % 14 Gugg China RE TAO $14, /07/ % $147, % THIS WEEK S INTERNATIONAL TRADE RECOMMENDATIONS At the close of trading on December 26, 2017 we will make the following trades. Proceeds from multiple fund sales should be split evenly between new purchases. We hold the top 10 highest ranked ETFs, but do not hold more than 2 ETFs from the same geographic region. There is no minimum holding period for ETFs. Sell Peru (EPU) China Real Estate (TAO) Buy Japan Hedged (DXJ) Argentina (ARGT) Last Week s Sell Transactions Date Fund Symbol Shares Buy Value Sell Proceeds Profit 12/18/2017 PwrShrs Golden Dragon PGJ $11, $13, $2,

15 ETF BLENDED PORTFOLIO PERIOD PORTFOLIO S&P 500 Nasdaq RUSSELL 2000 MSCI EAFE YTD Week Week Week Week Year Inception* *Inception on 12/31/2013 BLENDED PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 2 ishares US Home Constr ITB $8, /26/ % 4 Guggenheim Solar TAN $12, /10/ % 8 ishares US Broker Dealers IAI $9, /21/ % 9 SPDR Cap Markets KCE $9, /15/ % 10 PowerShares Clean Energy PBW $12, /13/ % 12 VanEck Vietnam VNM $9, /15/ % 14 ishares NA Technology IGM $8, /28/ % 35 ishares MSCI Peru EPU $8, /21/ % 37 China Real Estate TAO $11, /10/ % 167 PowerShares USD Bullish UUP $8, /21/ % $97, % THIS WEEK S BLENDED TRADE RECOMMENDATIONS At the close of trading on Decemebr 26, 2017 we will make the following trades. Proceeds from multiple fund sales should be split evenly between new purchases. We hold the top 10 highest ranked ETFs, but do not hold more than 2 ETFs from the same country or sector. There is no minimum holding period for ETFs. Sell Peru (EPU) China Real Estate (TAO) Buy Japan Hedged (DXJ) Argentina (ARGT) Last Week s Sell Transactions Date Fund Symbol Shares Buy Value Sell Proceeds Profit No trades last week 15

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17 WHAT IS THE GLOBAL MOMENTUM GUIDE? The Mutual Fund Investor Guide: Global Momentum Guide delivers a strategy which entails investing in momentum leading exchange-traded funds (ETFs) and mutual funds, with the goal of generating long-term market beating gains. Momentum investing involves finding the stocks or sectors that are outperforming the market and buying them, while avoiding or even shorting stocks or sectors that are under performing. How the Global Momentum Guide Works Each week, the Global Momentum Guide will report updated momentum rankings along with trade advice. Subscribers receive buy, sell and hold advice on several portfolios made up of Fidelity Select mutual funds, sector ETFs and international ETFs. Investors hold the top 10 funds based on our proprietary ranking system, adjusted for correlation. When a fund falls from the top 10, we will issue a sell signal on it, and simultaneously issue a buy order on a rising fund that replaces it. Funds that remain in the top 10 are held. The system used by the Global Momentum Guide is designed to generate long-term out performance. It is also designed to remove human emotion from trading. Sometimes sell orders are issued for sectors that are extremely popular with investors and other times it will issue a hold signal on a sector experiencing a large correction that has many investors panicking. This can result in volatile returns, but our experience with the system has shown that some of the largest gains are made in sectors that experience big corrections during the course of a bull market. One of the biggest benefits of using the Global Momentum Guide is that it takes emotion and guesswork out of investing. Why the Global Momentum Guide Works Different sectors lead the stock market at each stage of a market cycle. For instance, consumer discretionary stocks typically lead in the early stage of a bull market, technology stocks lead in the middle, and consumer staples lead at the end. These stages of the market can last for months or even years. Countries, commodities and currencies all experience the same cyclical movements as investor move in and out of investments in waves. There are many explanations for cyclical behavior in the markets, but we don t worry about the whys because the Global Momentum Guide uses a mechanical system of technical indicators to select investments. These signals tells us which funds are leading and which are lagging, and we position the portfolio in the leading funds. If technology stocks lead in the early part of a bull market, our system will pick that up and issue a buy signal. Momentum investing works because investors have been reliably predictable throughout history there hasn t been a market yet where investors didn t exhibit some cyclical behavior. The Global Momentum Guide is designed to capture the gains from these big winners during each bull market phase of the stock market. What Do I Get When I Subscribe? Every week you will receive an updated ranking of all the funds covered in our newsletter, plus buy, hold and sell advice on each of the portfolios. How Do I Begin Following the Model? To begin following a model, purchase equal dollar amounts of each holding in the model. We will hold the funds for at least a week in the case of ETFs, and for 30 days with Fidelity Select funds due to a short term trading fee on Fidelity Select funds held less than 30 days. ETF INVESTOR GUIDE Each month we provide buy, hold and sell recommendations for hundreds of ETFs from companies including Fidelity, ishares, SPDR and Power- Shares. Additionally, you will also have access to our model portfolios, specifically created for conservative, moderate and aggressive investors. To learn more, call (888) INVESTOR GUIDE TO VANGUARD FUNDS For years, we have covered a limited number of Vanguard mutual funds. In 2014, we launched a newsletter dedicated specifically to Vanguard funds and no-transaction-fee funds accessible to Vanguard investors. We provide numerous model portfolios, plus buy, hold and sell recommendations on over 400 mutual funds. I am confident you will find this advice invaluable as you make your investment decisions. To learn more, call (888) DISCLOSURE: Mutual Fund Investor Guide, LLC (MFIG) is an independent company unaffiliated with any of the fund companies discussed in this newsletter, including Fidelity Investments. These results include the reinvestment of all dividends and capital gains. Model trading does not involve financial risk; model trading cannot completely duplicate the financial risk associated with actual trading. MFIG is not an investment advisor and does not provide specific investment advice. This newsletter has been prepared solely for informational purposes. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. All investments involve risk including total loss of principal. 17