GLOBAL MOMENTUM GUIDE

APRIL 20, 2015 MUTUALFUNDINVESTORGUIDE.COM 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 PERSPECTIVE Equities retreated on Friday following a strong inflation report. The headline inflation number was low, but the core inflation number for March is running at an annualized rate that falls in the Fed s target range. Since oil prices were low during March and economic activity is expected to pick up in the second quarter, investors are worried the Federal Reserve could hike rates sooner than expected. Friday s decline in equities mainly served to reverse the bounce we saw only a few weeks ago, when a weak jobs report had investors thinking a rate hike might be pushed to late 2015 or even into early 2016. Aside from the strong inflation report, Greece and China may also weigh on equities. Following the market close on Friday, Chinese securities regulators tightened credit rules in a bid to stop trusts from circumventing margin rules. Short-selling was also expanded, by allowing fund companies to lend shares to short sellers. Traders took the opportunity to sell Chinese futures in Friday night trading, and given the run-up during the preceding couple of weeks, the sell-off was intense. Futures were down as much as 7 percent. By Saturday the government was concerned enough to make a public statement about the policies, stating they were designed to keep the market healthy and not designed to stop the rally. In Europe, Greece moved to the top of the headlines as default looms again. Complicating FIDELITY SELECT SECTOR PORTFOLIO TRADES: NO TRADES matters this time is the Finnish election on Sunday, which saw the center right party win a close contest that was almost a four-way tie. They must form a coalition government with one of the three competitors and the most likely candidate is the anti-euro Finns party, which wants to kick Greece out of the euro. European stocks tumbled last week, with the German DAX Index losing 5.5 percent. While Greece may have played a role in the losses, the German index is also up more than 20 percent this year. A pullback is overdue and unless shares tumble again this week, most of the losses were probably a natural correction following a three month surge in shares. The Nasdaq and Dow Jones Industrial Average were the weakest performers last week; both lost 1.28 percent. The Russell 2000 slipped 1.02 percent, the S&P 500 Index fell 0.99 percent and the MSCI EAFE dipped 0.27 percent, aided by a stronger euro and yen. The portfolios fell roughly in line with the indexes, but the ETF International Portfolio did worse, losing 1.65 percent, due to some weakness in emerging markets such as India. The Fidelity Select Sector Portfolio, ETF Sector Portfolio and ETF Blended Portfolio were all roughly in line with each other, falling 1.26 percent, 1.30 percent and 1.26 percent, respectively. Year to date, the MSCI EAFE is still the ETF SECTOR PORTFOLIO TRADES: NO TRADES PERSPECTIVE 1,16 FIDELITY 2-4 ETF SECTOR 4-9 ETF INTL 10-14 ETF INTERNATIONAL PORTFOLIO TRADES: SELL INDIA SMALL CAP SCIF BUY DB A SHARES ASHR BLENDED ETF PORTFOLIO TRADES: SELL ULTRASHORT YEN YCS BUY DB A SHARES ASHR BLENDED 15 DISCLOSURE 17 1

FIDELITY SECTOR MOMENTUM RANKINGS Name Symbol 1/23 1/30 2/6 2/13 2/20 2/27 3/6 3/13 3/20 3/27 4/3 4/10 4/17 Biotechnology FBIOX 1 1 1 1 1 1 1 1 1 1 1 1 1 HealthCare FSPHX 3 3 3 4 4 4 4 2 2 2 2 2 2 Medical Equip FSMEX 2 2 2 2 2 2 2 3 3 3 3 3 3 Medical Delivery FSHCX 7 7 6 5 5 6 6 6 5 4 4 4 4 Pharmaceuticals FPHAX 8 8 10 10 10 9 9 9 7 6 5 5 5 Retailing FSRPX 9 9 8 8 7 5 5 5 6 7 6 6 6 Constr & Housing FSHOX 10 10 9 9 6 7 7 7 8 8 7 7 7 Electronics FSELX 6 4 4 3 3 3 3 4 4 5 8 8 8 Defense & Aero FSDAX 21 16 16 13 12 10 8 8 9 9 9 9 9 IT Services FBSOX 11 12 12 11 11 12 10 10 10 10 10 10 10 Consumer Discr FSCPX 13 13 13 13 13 13 12 11 11 11 11 11 11 Leisure FDLSX 15 14 13 15 13 14 14 13 13 12 12 12 12 Technology FSPTX 24 24 24 21 18 17 17 17 17 16 15 14 13 Multimedia FBMPX 23 22 24 20 19 18 16 16 15 14 14 13 14 Automotive FSAVX 32 31 31 29 27 23 21 19 18 17 16 16 15 Air Transport FSAIX 5 5 5 6 8 8 11 12 12 13 13 15 16 Consumer Staples FDFAX 12 11 11 12 15 15 15 15 16 18 18 17 17 Telecommunications FSTCX 27 26 20 17 16 16 19 20 21 20 20 18 17 Software FSCSX 19 19 21 24 24 22 20 21 20 19 19 19 19 Home Finance FSVLX 25 28 29 31 31 30 29 29 28 23 23 21 20 Comm Equip FSDCX 17 18 19 22 21 19 18 18 19 21 21 21 21 Industrials FCYIX 26 25 23 22 20 21 22 22 22 22 22 20 22 Insurance FSPCX 17 21 21 25 25 25 26 26 24 24 24 24 23 Financial Services FIDSX 22 23 26 26 26 26 27 25 23 24 25 25 24 Industrial Equip FSCGX 34 34 34 34 32 32 30 30 30 30 29 28 25 Wireless FWRLX 30 29 28 27 28 28 25 27 27 27 27 26 26 S&P 500 Index SPX 20 20 18 19 23 23 24 24 24 26 26 27 27 Brokerage FSLBX 28 30 30 30 29 29 28 28 29 28 28 29 28 Transportation FSRFX 4 6 7 7 9 11 13 14 14 15 17 23 29 Banking FSRBX 31 31 32 32 32 35 35 33 31 31 31 31 30 Environmental Svcs FSLEX 33 33 33 33 34 34 33 32 32 32 32 30 31 Computers FDCPX 16 17 17 18 17 19 23 23 26 29 30 32 32 Government Income FGOVX 29 27 27 27 30 31 34 34 34 33 33 33 33 Chemicals FSCHX 34 35 35 35 35 33 32 31 33 34 34 34 34 Utilities FSUTX 14 15 15 16 21 27 31 35 36 36 35 35 35 Materials FSDPX 36 36 36 36 36 36 36 36 35 35 36 36 36 Natural Resources FNARX 39 39 38 38 38 38 38 38 38 38 37 37 37 Energy FSENX 38 38 39 39 39 39 39 39 39 39 38 38 38 Gold FSAGX 37 37 37 37 37 37 37 37 37 37 39 39 39 Natural Gas FSNGX 40 40 40 40 40 40 40 40 40 40 40 40 40 Energy Services FSESX 41 41 41 41 41 41 41 41 41 41 41 41 41 2 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 2

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 70.84-1.52-0.09-2.28-4.55 0.47 20.11 10.92-4.39 17.78 Automotive FSAVX 46.76-0.87-0.36 1.66 0.19 11.90 21.24 4.02 6.91 10.77 Banking FSRBX 25.81-0.23 0.38 1.69-1.08 9.29 10.71 5.54-1.48 5.41 Biotechnology FBIOX 259.78 0.34 4.75 3.69-0.29 18.28 45.19 61.93 20.29 68.05 Brokerage FSLBX 74.18-0.19-0.84 0.16-2.16 6.77 11.75 6.08-1.69 9.85 Chemicals FSCHX 146.82-0.20 0.95 2.62 0.28 5.54 9.16 0.99 2.69 3.94 Comm Equip FSDCX 31.69-1.37 0.70 1.82-2.03 4.40 15.09 6.44-0.09 8.66 Computers FDCPX 81.03-0.26 1.08 2.73-0.80 3.66 11.18 6.20-2.02 10.90 Constr & Housing FSHOX 58.78-1.77-2.84-0.86-0.88 9.96 22.01 20.84 6.57 22.17 Consumer Discr FSCPX 34.30-2.47-1.16 0.54-0.43 8.42 20.10 15.42 4.13 17.11 Consumer Staples FDFAX 96.81-1.07-0.82 0.71-0.23 1.93 10.95 10.88 2.48 14.58 Defense & Aero FSDAX 123.33-2.89-2.07-0.92-2.65 9.63 22.12 13.71 8.28 11.59 Electronics FSELX 83.66-0.87 1.26 0.94-0.47 7.80 29.79 16.28 4.44 30.83 Energy FSENX 48.20 2.21 3.76 7.74 7.34 16.33 3.88-16.95 7.77-12.27 Energy Services FSESX 57.98 2.75 5.04 10.12 12.30 16.82-11.83-33.51 3.04-26.51 Environmental Svcs FSLEX 20.17-1.27-1.65 0.02-1.36 5.77 11.84-0.23 1.05 0.97 Financial Services FIDSX 88.82-0.72-0.48 0.76-1.49 6.29 11.29 7.73-0.08 12.09 Gold FSAGX 17.36 1.76-0.12 3.39 4.64-9.11-10.14-27.30 5.60-15.69 Government Income FGOVX 10.65 0.38 0.09 0.49 0.40-0.03 1.83 3.75 1.69 5.30 HealthCare FSPHX 238.70-0.84 2.27 1.66-0.46 13.56 31.75 33.95 14.04 45.26 Home Finance FSVLX 13.49-0.95-0.33 0.66-1.70 7.65 11.19 7.58 1.16 10.23 Industrial Equip FSCGX 36.95-1.81-0.37 1.07-0.88 9.51 14.90 1.46 2.58 2.13 Industrials FCYIX 31.79-1.64-0.34 0.15-2.31 5.65 15.05 4.88 1.13 6.62 Insurance FSPCX 66.72-0.67-0.38 1.24-0.98 5.42 12.51 7.01-0.26 12.64 IT Services FBSOX 37.91-1.71-0.31 1.06 0.41 9.87 22.86 16.76 6.34 19.41 Leisure FDLSX 137.39-2.00-0.54-0.03-0.57 7.12 18.23 14.85 5.46 16.10 Materials FSDPX 78.25-1.01 0.16 1.50-1.27 4.59 7.78-3.83 1.62-1.02 Medical Delivery FSHCX 89.03-0.80 0.32 1.05 0.46 10.48 26.00 25.71 10.35 35.42 Medical Equip FSMEX 38.81-1.25-0.09 0.17-0.36 10.16 29.53 27.72 10.72 34.41 Multimedia FBMPX 80.72-1.93-1.00 0.78-2.07 6.40 16.48 7.14 2.43 15.88 Natural Gas FSNGX 34.24 3.95 5.57 11.21 10.89 16.54-1.97-22.41 5.99-18.32 Natural Resources FNARX 33.14 2.03 3.50 7.56 7.42 16.49 4.42-17.41 8.98-12.03 Pharmaceuticals FPHAX 23.48-0.80 3.12 2.69 1.12 12.67 27.81 25.02 14.41 34.91 Retailing FSRPX 93.06-2.47-1.82-0.60-0.94 11.25 22.58 22.42 4.66 23.43 S&P 500 SPX 2081.18-0.99 0.03 0.98-0.87 4.44 11.74 6.28 1.08 11.60 Software FSCSX 113.32-1.67-0.92-0.94-2.37 5.19 12.63 7.68 0.14 10.56 Technology FSPTX 120.10-0.95 0.15 1.19 0.21 10.45 16.06 11.82 6.27 18.59 Telecommunications FSTCX 62.55-1.03-1.42 0.69-0.96 5.00 12.25 6.02 3.68 10.53 Transportation FSRFX 88.46-0.95 1.05-2.06-6.17-1.48 14.51 8.56-7.42 16.95 Utilities FSUTX 71.38-1.05-1.77 1.01-1.57-3.58 7.34 2.94-3.20 5.50 Wireless FWRLX 9.24-0.96-0.37 1.13-0.79 5.34 10.96 4.95 3.02 6.42 3 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 3

FIDELITY SELECT SECTOR RETURNS PERIOD PORTFOLIO BENCHMARK S&P 500 Nasdaq Dow Russell 2000 YTD 7.83 1.08 4.13 0.02 3.91 1 Week -1.26-0.99-1.28-1.28-1.02 4 Week -1.50-1.28-1.88-1.66-1.15 13 Week 8.19 3.06 6.42 1.80 6.39 26 Week 23.22 10.30 15.81 8.83 15.66 1 Year 22.53 11.60 20.42 8.64 10.01 Inception* 95.21 65.49 89.31 45.91 68.96 *Inception on 12/31/2011 FIDELITY PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 1 Biotechnology FBIOX 83.36 259.78 $21,654.26 09/08/14 11.09% 2 HealthCare FSPHX 96.09 238.70 $22,936.08 07/14/14 11.75% 3 Medical Equip FSMEX 568.38 38.81 $22,058.72 08/11/14 11.30% 4 Medical Delivery FSHCX 227.08 89.03 $20,217.30 08/18/14 10.36% 5 Pharmaceuticals FPHAX 746.24 23.48 $17,521.62 09/15/14 8.98% 6 Retailing FSRPX 182.09 93.06 $16,945.42 12/15/14 8.68% 7 Constr & Housing FSHOX 266.72 58.78 $15,678.05 12/29/14 8.03% 8 Electronics FSELX 255.95 83.66 $21,412.65 02/24/14 10.97% 9 Defense & Aero FSDAX 167.47 123.33 $20,654.64 03/02/15 10.58% 10 IT Services FBSOX 425.50 37.91 $16,130.60 03/09/15 8.26% $195,209.34 100.00% THIS WEEK S FIDELITY TRADE RECOMMENDATIONS At the close of trading on April 20, 2015, 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. No Trades Last Week s Sell Transactions Date Fund Symbol Shares Buy Value Sell Proceeds Profit No trades last week 4 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 4

ETF SECTOR MOMENTUM RANKINGS Name Symbol 1/23 1/30 2/6 2/13 2/20 2/27 3/6 3/13 3/20 3/27 4/3 4/10 4/17 SPDR Biotech XBI 1 1 1 1 1 1 1 1 1 1 1 1 1 FrTrust Biotech FBT 2 2 2 2 2 2 2 2 2 2 2 2 2 Guggenheim Solar Energy TAN 75 74 73 69 64 62 56 39 20 7 5 5 3 SPDR Pharmaceuticals XPH 6 6 6 5 5 4 4 4 4 4 4 4 4 ishares NASDAQ Biotech IBB 3 3 3 3 3 3 3 3 3 3 3 3 5 ishares US Home Constr ITB 19 19 18 17 13 12 9 9 11 10 6 6 6 SPDR Homebuilders XHB 17 16 13 12 8 6 6 5 7 8 7 7 7 ishares US Healthcare IYH 9 10 10 8 9 8 8 7 6 5 8 10 8 ishares US Aero & Defense ITA 28 21 20 18 17 15 12 12 10 12 10 9 9 ishares US Cons Cyclical IYC 14 14 12 13 11 9 7 6 5 6 8 8 10 SPDR Retail XRT 15 15 15 14 14 14 14 13 14 13 11 11 11 SPDR Healthcare XLV 10 11 11 10 10 10 10 11 8 9 13 12 12 SPDR Cons Disc XLY 27 23 21 20 20 17 17 15 15 16 15 14 13 PShrs Dyn Leisure PEJ 20 18 19 19 19 16 16 13 12 11 12 13 14 ishares Semiconductor SOXX 12 13 16 16 16 13 11 10 9 14 16 16 15 ishares NA Software IGV 18 20 22 22 21 19 18 18 17 18 18 17 16 ishares C & S Realty ICF 4 4 4 4 4 5 5 8 13 14 14 15 17 ishares 20+ Yr Tres Bond TLT 5 5 5 6 6 7 13 16 16 17 17 18 18 FrTrust DJ Internet FDN 46 47 45 43 41 36 25 23 22 21 21 19 19 ishares Russell2000 IWM 37 36 35 35 34 33 31 28 26 23 23 21 20 Guggenheim Timber CUT 48 44 41 36 33 29 26 26 28 25 24 24 21 ishares US Broker Dealers IAI 24 29 32 29 29 28 27 22 21 22 20 20 22 ishares NA Networking IGN 26 27 27 26 23 22 20 19 18 20 22 23 23 PShrs Dyn Media PBS 45 46 46 44 43 41 37 33 30 28 25 25 24 FrTrust Global Auto CARZ 60 58 58 56 53 47 46 45 37 30 29 26 25 ishares US Real Estate IYR 11 8 7 7 7 11 15 17 19 19 19 22 25 SPDR Cons Staples XLP 13 12 14 15 17 18 19 20 25 26 27 27 27 ishares NA Technology IGM 30 28 28 28 27 26 22 21 23 24 26 28 28 PShrs NASDAQ Internet PNQI 53 54 54 52 52 50 48 50 49 45 45 38 29 ishares US Technology IYW 22 25 25 25 25 24 21 24 24 26 28 29 30 SPDR KBW Insurance KIE 36 39 39 39 38 40 42 43 40 36 35 32 31 PShrs Private Equity PSP 58 57 56 55 54 51 51 53 54 50 50 42 32 SPDR KBW Reg Bank KRE 50 50 53 51 51 51 52 51 45 44 39 36 33 SPDR Technology XLK 20 24 24 24 23 25 22 25 26 29 29 30 33 ishares US Industrial IYJ 38 38 38 37 36 35 35 32 31 32 31 31 35 SPDR S&P 500 SPY 32 31 29 30 30 30 31 29 32 31 31 33 36 ishares US Cons Non/Cyc IYK 23 22 23 23 26 27 29 29 36 38 36 34 37 SPDR DJIA DIA 31 32 29 31 31 31 33 29 33 34 34 36 38 PShrs Fin Preferred PGF 35 34 34 34 37 39 41 40 41 42 38 38 38 ishares US Finance IYF 25 26 25 27 28 33 36 34 33 34 33 35 40 SPDR KBW Cap Mkt KCE 42 45 47 47 46 45 45 47 41 39 37 38 40 ishares US Telecom IYZ 52 52 52 50 50 49 50 52 52 49 48 43 42 ishares US Reg Banks IAT 47 49 49 49 49 48 49 48 43 43 41 41 43 ishares US Financial Svcs IYG 34 39 40 41 42 43 43 38 38 40 42 44 44 ishares US Insurance IAK 39 41 43 44 45 46 47 49 48 48 47 47 45 SPDR KBW Bank KBE 51 55 55 56 55 55 53 54 53 51 51 50 45 MV Ag Business MOO 43 42 42 40 39 37 37 37 44 47 49 49 47 SPDR Financial XLF 28 29 33 33 35 37 39 36 39 41 44 45 48 ishares US Preferred PFF 41 37 36 38 40 44 44 46 47 46 46 48 49 5 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 5

ETF SECTOR MOMENTUM RANKINGS Name Symbol 1/23 1/30 2/6 2/13 2/20 2/27 3/6 3/13 3/20 3/27 4/3 4/10 4/17 SPDR Industrial XLI 33 33 31 32 32 31 34 34 35 37 43 46 50 Global X Social Media SOCL 63 62 62 62 62 61 62 60 59 57 56 54 51 SPDR Basic Materials XLB 49 48 48 47 44 42 40 40 45 52 52 52 52 ishares DJ Transports IYT 16 17 17 21 22 23 24 27 29 32 40 51 53 ishares US Utilities IDU 8 9 9 11 15 21 30 44 51 54 53 53 54 ishares Agg Bond AGG 44 43 44 46 48 51 54 55 55 55 55 56 55 SPDR Utilities XLU 7 7 9 9 12 20 28 40 49 53 54 54 56 ishares US Basic Materials IYM 57 59 59 58 56 56 55 56 56 56 57 57 57 FrTrust Global Wind FAN 70 71 71 70 67 65 65 64 64 63 60 59 58 Guggenheim Shipping SEA 69 70 70 71 68 67 66 66 65 64 62 61 59 PShrs Water PHO 54 56 57 59 59 57 58 59 58 58 58 58 60 PShrs Clean Energy PBW 79 80 80 80 80 78 75 70 68 67 66 64 61 MV Nuclear Energy NLR 40 35 36 42 47 54 57 57 57 59 59 60 62 ishares Comex Gold IAU 55 51 50 53 57 58 60 61 61 61 61 62 63 SPDR Gold GLD 56 53 51 54 58 59 61 62 62 62 62 63 64 Glb X Lithium LIT 70 72 72 72 72 69 66 65 66 66 67 66 65 ETFS Palladium PALL 59 60 60 60 60 60 59 58 60 60 64 65 66 Teucrium Corn CORN 61 61 61 61 61 63 63 63 63 65 65 67 67 ishares US Oil & Gas Exp IEO 82 81 79 79 79 77 78 77 74 73 71 70 68 ishares Silver Trust SLV 68 67 64 64 65 68 69 69 69 69 68 68 69 SPDR Energy XLE 73 73 74 74 73 73 72 72 72 72 72 72 70 PShrs DB Base Metals DBB 66 66 67 66 69 70 70 71 71 70 70 71 71 ishares US Energy IYE 74 75 75 75 74 74 74 74 73 74 73 73 72 Teucrium Soybean SOYB 65 65 64 65 66 66 68 67 67 68 69 69 73 ishares NA Natural Res IGE 77 77 78 78 77 76 77 76 75 75 75 74 74 MV Rare Earth REMX 86 84 84 84 83 83 83 80 80 80 80 77 75 MV Gold Miners GDX 72 69 63 63 63 64 64 68 70 71 74 75 76 MV Gaming BJK 76 76 76 76 76 75 76 78 78 78 76 76 77 ETFS Platinum PPLT 67 68 68 68 71 72 71 73 77 77 76 77 78 ipath DJ Livestock COW 62 63 69 73 75 79 79 79 79 79 79 80 79 PShrs DB Agriculture DBA 64 63 66 67 70 71 73 75 76 76 78 79 79 SPDR Oil & Gas Explor XOP 91 91 90 89 89 89 89 86 86 86 85 83 81 MV Coal KOL 78 79 81 81 81 81 82 82 82 82 82 82 82 Glb X Uranium URA 80 82 82 82 82 82 81 81 81 81 81 81 83 Glb X Copper Miners COPX 85 87 87 87 87 87 86 85 85 84 84 84 84 ishares US Oil Equip IEZ 89 88 88 88 88 88 88 88 87 87 87 86 85 Glb X Silver Miners SIL 81 78 76 77 78 80 80 82 83 83 83 85 86 MV Steel SLX 83 83 85 85 85 84 84 84 84 85 86 87 87 SPDR Metals & Mining XME 84 85 86 86 86 86 87 87 88 88 88 88 88 MV Jr Gold Miners GDXJ 88 85 83 83 84 85 85 89 89 89 89 89 89 SPDR Oil & Gas Equip XES 92 92 92 92 92 91 91 91 91 91 91 91 90 ishares GSCI Commodity GSG 90 90 91 90 90 90 90 90 90 90 90 90 91 FrTrust Natural Gas FCG 95 94 93 93 93 93 93 93 93 93 93 92 92 US Natural Gas UNG 87 89 89 91 91 92 92 92 92 92 92 93 93 US Brent Oil BNO 96 96 96 96 95 94 94 94 94 94 94 94 94 US Oil USO 93 93 94 94 94 95 95 95 95 96 96 95 95 PShrs DB Oil DBO 94 95 95 95 96 96 96 96 96 95 95 96 96 6 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 6

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 76.13 1.02 2.17 6.03 0.71 2.37 2.46-11.58-1.76-1.64 ETFS Platinum PPLT 113.59-0.18-0.46 2.86 4.88-6.86-7.24-22.31-2.96-17.43 FrTrust Biotech FBT 120.32-0.55 3.31 0.59-2.75 14.48 37.88 53.10 17.98 66.04 FrTrust DJ Internet FDN 65.72-0.80 1.06 1.15-0.26 14.20 15.70 13.51 7.18 15.30 FrTrust Global Auto CARZ 41.00-1.09-0.49 1.41 0.17 11.29 17.24 0.31 9.92 3.94 FrTrust Global Wind FAN 11.27-1.14 0.18 4.16 4.82 12.44 12.34-9.58 11.01-3.92 FrTrust Natural Gas FCG 12.03 5.71 6.74 15.56 15.36 24.49-16.15-43.59 8.05-45.54 Glb X Copper Miners COPX 7.21 2.85 3.30 8.10 10.75 17.62-10.55-30.77-2.04-21.58 Glb X Lithium LIT 11.90-0.17 2.85 6.44 4.48 8.48 4.02-13.80 6.92-10.46 Glb X Silver Miners SIL 8.72 0.23-2.68-0.46 2.47-14.09-17.90-38.85-5.83-29.22 Glb X Uranium URA 10.59 2.72 2.82 2.22-1.21 1.83-2.64-25.40-6.70-32.76 Global X Social Media SOCL 20.22-0.98 3.01 4.71 4.60 15.28 10.06 9.23 12.21 8.12 Guggenheim Shipping SEA 19.96 0.60 1.68 4.23 4.82 9.44 11.20-7.65 8.91-5.88 Guggenheim Solar Energy TAN 48.00-0.04 3.96 7.99 7.67 47.60 44.14 20.82 40.76 20.67 Guggenheim Timber CUT 26.41 0.69 1.66 3.12 2.72 11.39 21.43 9.80 8.95 10.69 ipath DJ Livestock COW 26.66-0.89-1.59-0.93 0.34-6.55-15.63-17.59-12.30-14.28 ishares 20+ Yr Tres Bond TLT 131.45 1.41 1.12 0.51 0.18-1.97 8.67 16.76 5.03 22.82 ishares Agg Bond AGG 111.67 0.38 0.15 0.62 0.46 0.28 2.12 4.00 1.93 5.69 ishares C & S Realty ICF 98.28-0.65-4.29-2.38-3.11-5.00 13.41 13.57 2.16 20.54 ishares Comex Gold IAU 11.64-0.34-1.02 0.34 2.83-4.43-2.84-9.06 1.75-7.32 ishares DJ Transports IYT 154.80-1.47 0.81-0.77-5.32-0.11 9.32 5.17-5.37 14.31 ishares GSCI Commodity GSG 21.03 4.57 3.80 6.81 6.70 8.51-23.30-35.59-2.55-37.58 ishares NA Natural Res IGE 39.85 2.10 3.18 7.21 6.47 12.80 1.66-17.83 4.47-11.72 ishares NA Networking IGN 37.67-0.95 1.05 1.24-2.01 6.42 19.43 10.56 1.55 11.67 ishares NA Software IGV 96.09-2.50-0.91 0.31-1.47 8.58 18.22 14.38 3.60 19.37 ishares NA Technology IGM 103.23-1.48-0.31 0.24-1.66 5.88 13.98 8.12 1.47 16.38 ishares NASDAQ Biotech IBB 356.46-0.28 5.20 2.59-0.47 15.85 38.99 46.68 17.51 60.73 ishares Russell2000 IWM 124.43-0.95-0.62 1.08 0.13 8.69 17.52 11.68 4.34 11.67 ishares Semiconductor SOXX 94.08-1.82 0.50 0.20-3.41 6.02 24.11 10.18 1.28 21.40 ishares Silver Trust SLV 15.56-1.33-4.36-4.07 1.30-3.65-6.88-23.31 3.32-17.58 ishares US Aero & Defense ITA 122.41-2.39-1.76-0.70-1.56 8.69 20.63 16.15 7.17 14.07 ishares US Basic Materials IYM 83.56 0.17 0.95 2.64 0.61 5.92 7.14-2.87 1.64 1.67 ishares US Broker Dealers IAI 42.41-0.96-0.93-0.35-1.69 8.30 14.38 15.82-0.36 16.08 ishares US Cons Cyclical IYC 142.76-2.17-1.44-0.47-1.92 7.77 21.35 16.38 3.94 21.76 ishares US Cons Non/Cyc IYK 106.68-0.54-0.31 1.52 1.97 3.60 12.17 9.37 2.27 13.31 ishares US Energy IYE 46.11 2.01 3.22 7.08 6.02 12.15 1.74-16.48 3.54-11.24 ishares US Finance IYF 88.79-0.68-0.86 0.45-1.95 4.14 11.58 8.37-1.19 12.46 ishares US Financial Svcs IYG 89.96-0.48 0.45 1.48-1.72 7.75 12.46 8.23-1.75 11.50 ishares US Healthcare IYH 155.63-1.05 1.67 0.35-0.93 6.83 23.07 23.59 8.19 31.74 ishares US Home Constr ITB 27.56-2.27-3.33-0.83 1.03 12.12 24.55 17.96 6.58 17.56 ishares US Industrial IYJ 107.91-2.28-0.43 0.73-1.61 5.59 14.03 6.27 1.56 8.33 ishares US Insurance IAK 49.62-0.40-0.26 1.27-0.60 6.47 12.16 5.74-0.39 10.66 ishares US Oil & Gas Exp IEO 78.23 2.01 3.21 7.92 7.04 21.15 6.25-16.11 9.92-12.32 ishares US Oil Equip IEZ 52.01 2.58 4.96 11.39 13.07 18.47-7.58-30.38 4.72-24.10 ishares US Preferred PFF 39.92-0.25-0.05 0.04 0.42 2.34 4.88 5.47 2.58 8.50 ishares US Real Estate IYR 77.49-0.78-3.91-1.92-2.51-3.54 11.42 9.98 1.67 16.91 ishares US Reg Banks IAT 34.58-0.92-0.55 0.61-2.34 10.27 12.84 5.38-0.78 5.36 ishares US Technology IYW 104.86-1.56-0.54 0.19-2.19 4.59 12.27 8.21 0.71 18.49 7 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 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 ishares US Telecom IYZ 30.78-1.09-1.72 1.22-0.39 7.54 9.49 3.44 5.67 6.76 ishares US Utilities IDU 110.95-1.30-2.38 0.54-1.90-7.40 5.57 6.92-5.44 7.97 MV Ag Business MOO 54.55-1.25-0.20 1.83 0.07 4.02 11.93 4.14 3.85 3.70 MV Coal KOL 13.83-1.21 1.69 5.25 2.44 0.66-10.19-22.98-5.73-24.66 MV Gaming BJK 37.52-5.11-1.13 1.68 3.05 1.32-5.34-19.86-2.47-22.65 MV Gold Miners GDX 19.72 1.39 0.10 4.67 4.67-8.19-7.46-26.46 7.29-15.78 MV Jr Gold Miners GDXJ 24.62 1.15-1.01 4.41 6.12-13.86-25.00-44.25 2.88-28.44 MV Nuclear Energy NLR 49.13-0.32-2.33 0.68-0.69-3.74 3.45-1.94-4.47-0.81 MV Rare Earth REMX 26.81-1.61 1.82 7.45 9.25 13.17-3.36-24.30 6.43-26.47 MV Steel SLX 32.21 0.56 1.74 3.57 0.12 0.44-20.56-31.37-9.19-29.23 PShrs Clean Energy PBW 5.85 1.04 1.92 4.65 4.67 21.36 7.95-6.17 11.22-10.17 PShrs DB Agriculture DBA 22.25-0.31-1.94-0.31-0.45-8.21-15.33-15.30-10.61-22.96 PShrs DB Base Metals DBB 15.67 1.75 3.30 2.89 5.03 5.24-6.00-10.81-1.45-3.51 PShrs DB Oil DBO 14.73 5.29 4.84 9.19 7.83 10.75-38.80-50.57-6.18-50.02 PShrs Dyn Leisure PEJ 37.08-1.36-0.43-3.08-4.28 3.82 20.70 11.70 4.11 13.94 PShrs Dyn Media PBS 26.58-1.92-1.34-0.15-1.69 8.79 14.01 4.87 4.15 10.55 PShrs Fin Preferred PGF 18.53-0.02 0.09 0.41 0.84 3.02 6.22 7.17 3.40 10.24 PShrs NASDAQ Internet PNQI 72.08-0.18 2.10 2.71 2.65 14.03 12.98 9.28 7.44 12.48 PShrs Private Equity PSP 11.75 0.60 1.73 3.98 3.43 12.06 19.19 2.82 8.89 3.92 PShrs Water PHO 25.03-0.04-1.65 1.05-1.22 2.92 5.19-1.62-2.80-4.67 SPDR Basic Materials XLB 49.62-0.16 0.53 2.08-0.30 5.75 10.01 1.46 2.53 6.46 SPDR Biotech XBI 230.78 0.61 5.10 5.18-0.26 20.25 52.16 72.66 23.90 86.12 SPDR Cons Disc XLY 75.23-1.88-1.08 0.43-1.06 9.78 19.99 13.71 4.62 19.64 SPDR Cons Staples XLP 49.06-1.09-0.93 0.72 1.04 0.98 11.92 11.80 1.80 15.45 SPDR DJIA DIA 177.94-1.28-0.30 0.70-1.31 3.43 11.51 6.59 0.63 10.90 SPDR Energy XLE 81.91 2.21 3.53 7.21 6.35 13.18 3.00-15.50 4.18-9.70 SPDR Financial XLF 24.13-0.45-0.49 0.84-1.94 4.35 10.45 7.92-2.06 12.26 SPDR Gold GLD 115.60-0.32-0.93 0.47 2.87-4.42-2.85-9.04 1.78-7.33 SPDR Healthcare XLV 73.29-1.04 1.65 0.34-0.87 6.41 21.89 22.53 7.48 30.62 SPDR Homebuilders XHB 35.61-2.44-3.36-1.63-0.56 7.90 24.22 16.39 4.49 13.96 SPDR Industrial XLI 55.80-2.05-0.09 0.45-2.43 3.10 12.49 5.29-0.93 7.86 SPDR KBW Bank KBE 33.67 0.06 0.39 1.85-0.39 12.66 13.00 6.14 0.71 4.40 SPDR KBW Cap Mkt KCE 50.02-0.54-1.13 0.18-1.44 7.56 13.09 6.26-1.13 8.58 SPDR KBW Insurance KIE 67.64-0.31-0.13 1.82-0.14 7.08 12.52 8.31 1.76 12.11 SPDR KBW Reg Bank KRE 41.00 0.02 0.44 1.74 0.13 12.63 14.72 7.64 1.12 4.65 SPDR Metals & Mining XME 27.24 1.64 1.49 4.09 1.58-0.93-16.65-33.47-11.52-33.93 SPDR Oil & Gas Equip XES 28.59 3.44 6.40 14.54 15.75 19.16-15.32-38.82 1.84-37.15 SPDR Oil & Gas Explor XOP 54.25 3.53 3.25 11.58 10.40 27.91-3.50-29.18 13.72-28.57 SPDR Pharmaceuticals XPH 129.38 0.06 5.59 4.84-0.33 19.42 34.66 38.79 20.03 51.48 SPDR Retail XRT 98.78-2.62-2.69-1.46-0.98 7.60 19.54 18.62 3.24 21.76 SPDR S&P 500 SPY 207.95-1.00 0.06 1.07-0.75 4.95 12.66 7.82 1.62 13.75 SPDR Technology XLK 41.47-1.45-0.72 0.24-2.16 4.13 11.83 7.84 0.70 17.21 SPDR Utilities XLU 44.10-1.25-2.37 0.50-1.99-7.77 5.00 6.94-5.87 7.88 Teucrium Corn CORN 24.81 0.24-1.74-3.24 0.28-2.74 0.69-8.72-6.87-27.29 Teucrium Soybean SOYB 19.58 1.45-1.61 0.72 0.41-2.54-1.51-14.42-5.68-24.28 US Brent Oil BNO 23.22 8.00 8.20 11.26 10.20 25.79-30.29-46.62 2.29-47.02 US Natural Gas UNG 13.24 5.00-0.75-0.68-9.75-17.87-35.16-39.46-10.36-49.66 US Oil USO 19.84 7.77 7.65 15.75 18.38 13.70-35.31-47.55-2.55-47.32 8 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 8

ETF SECTOR RETURNS PERIOD PORTFOLIO BENCHMARK S&P 500 Nasdaq Dow Russell 2000 YTD 5.41 1.08 4.13 0.02 3.91 1 Week -1.30-0.99-1.28-1.28-1.02 4 Week -2.39-1.28-1.88-1.66-1.15 13 Week 2.46 3.06 6.42 1.80 6.39 26 Week 17.07 10.30 15.81 8.83 15.66 1 Year 10.21 11.60 20.42 8.64 10.01 Inception* 71.45 65.49 89.31 45.91 68.96 *Inception on 12/31/2011 ETF SECTOR PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE Value DATE PURCHASED PERCENT 2 FrTrust Biotech FBT 206.74 120.32 $24,875.22 08/11/14 14.51% 3 Guggenheim Solar Energy TAN 344.90 48.00 $16,555.08 03/30/15 9.66% 4 SPDR Pharmaceuticals XPH 130.12 129.38 $16,835.28 09/22/14 9.82% 5 ishares NASDAQ Biotech IBB 52.77 356.46 $18,809.87 08/25/14 10.97% 6 ishares US Home Constr ITB 548.87 27.56 $15,126.91 03/09/15 8.82% 7 SPDR Homebuilders XHB 458.48 35.61 $16,326.37 02/23/15 9.52% 8 ishares US Healthcare IYH 104.07 155.63 $16,195.77 09/08/14 9.45% 9 ishares US Aero & Defense ITA 123.36 122.41 $15,100.68 04/06/15 8.81% 10 ishares US Cons Cyclical IYC 116.77 142.76 $16,670.23 02/23/15 9.72% 11 SPDR Retail XRT 151.42 98.78 $14,957.46 04/06/15 8.72% $171,452.87 100.00% THIS WEEK S ETF SECTOR TRADE RECOMMENDATIONS At the close of trading on April 20, 2015, we will make the following trades. Proceeds from multiple fund sales should be split evenly between new purchases. No Trades 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. Last Week s Sell Transactions Date Fund Symbol Shares Buy Value Sell Proceeds Profit No trades this week 9 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 9

ETF INTERNATIONAL MOMENTUM RANKINGS Name Symbol 1/23 1/30 2/6 2/13 2/20 2/27 3/6 3/13 3/20 3/27 4/3 4/10 4/17 db xtrackers China ASHR 93 93 93 93 93 93 93 93 93 93 93 93 1 WTree Europe Hedged HEDJ 9 7 5 5 3 1 1 1 1 1 1 1 2 China Large Cap FXI 1 2 2 2 2 3 5 6 5 6 4 3 3 WTree Japan Hedged DXJ 3 4 4 3 4 2 2 2 2 2 2 2 4 Gugg China Sm Cap HAO 13 15 21 30 34 40 38 40 42 42 35 12 5 PwrShrs DB Dollar Bull UUP 2 1 1 1 1 4 3 3 3 3 3 4 6 ishares Ireland EIRL 23 24 24 19 12 9 9 8 8 5 6 6 7 ishares Japan EWJ 26 26 25 23 21 17 11 10 9 7 7 7 8 ishares Philippines EPHE 5 5 6 6 6 5 4 4 4 4 5 5 9 WTree Japan Sm Cap Div DFJ 34 34 31 31 27 24 19 12 11 9 8 8 10 ishares Japan Sm Cap SCJ 30 27 26 25 23 20 17 13 12 10 9 9 11 ishares Denmark EDEN 36 38 39 42 42 37 33 30 26 18 15 10 12 Gugg China RE TAO 10 10 9 9 9 10 12 18 23 27 26 19 13 ishares Hong Kong EWH 14 13 11 10 10 13 15 17 21 25 22 18 14 MV India Sm Cap SCIF 8 8 8 8 7 7 7 7 7 11 11 11 15 Glb X Argentina ARGT 65 66 63 60 58 54 51 43 30 22 19 17 16 ishares MSCI EAFE MinVol EFAV 16 14 13 11 11 11 10 11 13 12 12 14 17 ishares Netherlands EWN 29 29 29 29 25 22 17 14 14 13 13 14 18 ishares Germany EWG 38 37 37 35 32 29 24 21 16 15 14 16 19 WTree Euro Sm Cap Div DFE 51 47 45 41 38 30 27 23 19 17 18 20 20 ishares India 50 INDY 4 3 3 3 5 6 6 5 6 8 10 13 20 ishares Asia ex Japan AAXJ 22 21 19 22 22 25 26 28 27 30 29 26 22 ishares S&P World Property WPS 19 18 18 16 15 15 16 19 18 20 20 21 23 ishares Israel Cap Invest EIS 45 49 52 54 52 52 52 49 46 39 34 28 24 ishares Belguim EWK 25 24 22 20 17 16 13 16 17 18 21 24 25 ishares Finland EFNL 37 36 38 34 30 26 25 24 24 23 23 25 26 WTree India EPI 7 6 7 7 8 8 8 9 10 14 16 22 27 ishares Taiwan EWT 20 16 15 14 14 14 13 14 15 16 17 22 28 ishares ACWI Index ACWI 18 20 20 21 20 19 21 20 19 24 24 27 29 ishares Switzerland EWL 30 32 34 33 33 31 32 32 32 28 28 30 30 ishares MSCI EAFE EFA 39 40 40 40 40 38 34 33 31 28 29 31 31 ishares South Africa EZA 24 22 14 12 13 12 19 26 32 32 33 33 32 ishares New Zealand ENZL 11 12 15 17 19 23 22 22 22 21 25 29 33 ishares MSCI Emg MinVol EEMV 31 32 35 34 36 36 37 40 40 35 34 ishares Sweden EWD 43 43 41 39 39 32 30 27 25 26 27 31 35 ishares EMU Index EZU 53 50 48 48 46 44 39 37 35 33 31 34 36 PwrShrs Golden Dragon PGJ 47 48 49 51 53 54 56 57 57 57 54 46 37 ishares ACWI ex-us ACWX 42 42 44 43 43 43 42 41 39 38 40 37 38 ishares France EWQ 60 58 53 50 50 46 43 42 40 37 38 38 39 ishares Thailand Invest THD 17 17 17 13 16 18 23 24 29 34 36 39 40 ishares Global 100 IOO 21 23 27 27 26 27 29 29 28 31 31 36 41 ishares S&P Europe 350 IEV 48 46 47 47 44 42 40 38 37 36 38 39 42 ishares DJ Euro 50 FEZ 57 57 54 53 51 50 47 45 44 41 42 39 43 ishares Emerging Markets EEM 41 41 43 44 47 49 49 51 52 52 49 48 44 ishares Pacific ex-japan EPP 43 44 46 46 45 46 44 44 45 42 43 43 45 WTree China Yuan CYB 15 19 23 24 29 33 35 34 34 35 36 42 46 SPDR MidEast & Africa GAF 34 35 29 28 28 28 31 35 41 44 45 44 47 10 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 10

ETF INTERNATIONAL MOMENTUM RANKINGS Name Symbol 1/23 1/30 2/6 2/13 2/20 2/27 3/6 3/13 3/20 3/27 4/3 4/10 4/17 ishares MSCI Italy EWI 77 77 75 71 65 63 60 55 55 49 46 47 48 WTree Emg Mkt Sm Cap DivDGS 39 39 42 45 48 51 50 52 53 54 52 49 49 MV Indonesia IDX 32 33 35 36 36 36 37 39 42 45 44 44 50 ishares South Korea EWY 62 59 58 57 59 58 57 56 56 55 56 54 51 SPDR Emg Mkts Sm Cap EWX 46 45 50 52 54 53 55 54 54 56 57 52 52 ishares Singapore EWS 27 30 33 37 37 41 46 48 50 51 49 51 53 ishares Australia EWA 66 64 60 59 57 56 54 53 49 47 47 50 54 ishares MSCI U Kingdom EWU 55 51 51 49 48 48 44 46 47 46 48 53 55 ishares Austria EWO 78 79 79 76 71 65 62 60 58 58 58 56 56 ishares Chile ECH 68 67 66 63 61 59 58 59 60 59 59 59 57 Wtree Asia Local Debt ALD 28 31 35 38 41 45 48 49 48 50 51 55 58 CurrShrs SwissFranc FXF 33 28 28 26 30 35 41 47 51 52 54 58 59 WTree Emg Markts HiYld DEM 72 70 69 68 65 66 66 67 66 65 65 61 60 MV Indonesia Sm Cap IDXJ 12 11 12 14 18 21 28 31 36 48 53 57 61 ishares Spain EWP 70 71 72 73 73 69 69 69 68 63 62 60 62 ishares Canada EWC 58 61 61 62 63 64 65 65 63 62 63 63 63 ishares MSCI Emg EMEA EEME 76 75 71 69 68 67 67 66 67 67 66 64 64 WTree Emg Currency CEW 52 55 57 58 60 62 64 63 61 61 61 62 65 CurrShrs Brit Pound FXB 49 54 56 56 56 57 59 58 59 60 60 65 66 ishares Maylasia EWM 74 74 73 72 72 71 70 71 70 68 67 67 67 CurrShrs Japanese Yen FXY 69 68 67 65 67 68 68 68 65 63 64 66 68 ishares Mexico EWW 73 73 74 75 75 74 73 73 71 69 68 68 69 WTree Commod Equity CCXE 80 78 78 79 79 79 77 75 75 75 71 69 70 ishares Emg E Europe ESR 87 87 86 86 86 86 85 85 85 82 82 77 70 MV Russia RSX 89 89 89 88 87 87 87 86 86 86 83 79 72 MV Gulf States MES 81 80 80 78 77 75 72 70 72 74 73 70 73 WTree Commod Currency CCX 71 72 75 77 78 77 78 76 76 76 74 72 74 CurrShrs Can Dollar FXC 49 60 62 65 70 72 71 72 73 71 70 71 75 ishares Poland EPOL 78 81 81 81 80 81 81 81 80 78 77 75 76 MV Africa AFK 83 83 82 82 82 80 80 79 78 79 78 78 77 CurrShrs Aust Dollar FXA 64 65 68 70 74 76 75 74 74 72 72 73 78 MV Egypt EGPT 59 56 55 55 55 60 63 62 62 66 69 74 79 ishares All Peru EPU 60 62 64 67 69 73 74 76 77 77 79 81 80 MV Vietnam VNM 63 63 65 64 62 60 61 61 64 70 76 80 80 ishares Turkey TUR 6 9 10 18 24 38 53 64 69 73 75 76 82 Glb X Norway 30 NORW 85 85 85 84 84 84 84 84 84 84 85 85 83 ishares S&P Latin Am 40 ILF 82 82 83 83 83 82 83 83 83 85 83 83 84 Euro Currency Trust FXE 67 69 70 73 76 78 79 80 79 80 80 82 85 MV Russia Sm Cap RSXJ 92 92 92 90 90 89 88 88 87 87 87 87 86 CurrShrs Swed Krona FXS 75 76 77 80 80 83 82 82 81 81 81 84 87 WTree Dreyfus Brazil Real BZF 54 51 59 61 64 70 76 78 82 82 86 86 88 ishares Brazil EWZ 84 84 84 85 85 85 86 87 88 88 88 88 89 Glb X Nigeria NGE 90 90 90 92 92 92 92 92 90 90 89 89 90 MV Brazil Small Cap BRF 86 86 87 87 88 88 89 89 89 89 90 90 91 Glb X Colombia GXG 88 88 88 89 89 90 90 91 91 91 91 91 92 Glb X Greece 20 GREK 91 91 91 91 91 91 91 90 92 92 92 92 93 11 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 11

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 77.86 1.27 2.35 0.36 0.07-5.01-10.96-15.72-4.19-15.07 CurrShrs Brit Pound FXB 146.85 2.18 0.52 0.55 0.08-1.46-6.49-12.72-4.06-11.16 CurrShrs Can Dollar FXC 81.33 2.92 2.08 3.12 2.81-2.16-7.89-11.90-4.90-9.78 CurrShrs Japanese Yen FXY 81.81 1.19 0.57 0.27 1.07-2.19-10.91-15.06 0.74-14.14 CurrShrs Swed Krona FXS 113.15 0.76-2.43-2.12-1.48-7.44-17.98-22.45-10.79-24.88 CurrShrs SwissFranc FXF 102.38 2.88 0.66 0.81 2.85-8.74-1.06-6.01 4.30-7.57 db xtrackers China ASHR 44.48-1.16 2.35 8.54 11.39 19.22 72.90 98.96 19.54 97.03 Euro Currency Trust FXE 106.36 1.95-1.14-0.75-0.26-7.03-15.71-20.29-10.73-22.02 Glb X Argentina ARGT 21.60-2.09-0.46 2.47-0.78 20.94 14.45-3.21 15.14 10.71 Glb X Colombia GXG 11.58 2.57 4.32 9.56 10.71-1.36-28.75-40.44-9.95-37.61 Glb X Greece 20 GREK 10.47-5.42-7.83-3.94-0.76-18.20-29.81-51.01-21.87-54.92 Glb X Nigeria NGE 10.43 0.97-2.07 15.25 22.85 20.72-21.70-33.00-1.32-27.22 Glb X Norway 30 NORW 12.83 2.97 6.74 9.01 11.08 9.94-4.39-21.75 7.54-17.11 Gugg China RE TAO 23.38-2.62 3.91 8.34 13.22 8.79 15.12 16.24 12.03 19.71 Gugg China Sm Cap HAO 32.34-2.88 10.56 23.81 25.49 25.20 28.01 28.50 24.43 30.32 ishares ACWI ex-us ACWX 46.41-0.28 0.94 3.11 3.04 9.69 9.29-1.47 7.88 1.66 ishares ACWI Index ACWI 61.42-0.71 0.59 2.16 1.12 7.36 11.24 3.23 4.99 7.74 ishares All Peru EPU 29.54 0.92 0.17 4.86 3.32-1.80-11.06-18.02-7.57-9.98 ishares Asia ex Japan AAXJ 67.85-0.73 3.07 7.22 6.58 9.51 13.63 8.58 11.36 13.49 ishares Australia EWA 23.28-1.15 0.39-0.43-0.81 5.48 0.79-9.05 5.01-7.74 ishares Austria EWO 16.34 0.62-0.37 4.01 3.81 12.30 7.53-11.72 7.64-14.96 ishares Belguim EWK 17.21-1.04-1.38 1.12 2.02 8.04 13.07 1.76 6.23 0.78 ishares Brazil EWZ 34.53 0.23 2.55 14.00 10.18-2.81-22.13-28.17-5.58-24.93 ishares Canada EWC 29.01 2.69 3.98 7.17 5.45 8.41 3.96-8.66 0.52-1.00 ishares Chile ECH 42.25 1.37 0.79 6.13 8.39 12.61 2.31-6.78 5.92-8.17 ishares China Large Cap FXI 50.03-1.50 8.24 16.08 15.92 17.80 33.50 33.43 20.21 43.51 ishares Denmark EDEN 53.66-1.69-1.47 1.49 5.94 15.03 18.97 3.64 14.19 8.50 ishares DJ Euro 50 FEZ 38.85-1.97-2.85-0.99 0.32 9.16 7.42-5.52 5.52-6.56 ishares Emerging Markets EEM 42.70-0.42 2.23 8.21 6.30 9.04 6.58-0.38 8.68 3.92 ishares Emg E Europe ESR 19.14 2.13 1.86 13.12 10.76 24.37-7.43-16.89 21.22-14.76 ishares EMU Index EZU 38.85-1.67-2.29-0.41 0.54 9.84 10.04-3.95 6.94-5.89 ishares Finland EFNL 34.77-1.08-0.37 1.16 1.52 12.23 13.96-0.54 8.72 1.71 ishares France EWQ 26.67-0.30-0.63 0.95 1.83 10.89 10.38-3.58 8.19-7.03 ishares Germany EWG 29.39-3.80-4.02-2.36-1.87 8.65 14.36-3.54 7.22-3.34 ishares Global 100 IOO 78.12-0.57-0.03 1.28 0.13 5.20 8.18 0.38 2.49 3.14 ishares Hong Kong EWH 23.33-3.03 4.38 6.68 10.15 10.05 12.71 12.33 13.58 15.19 ishares India 50 INDY 31.47-3.14-1.96 2.71-3.47-0.51 6.67 9.68 5.25 22.25 ishares Ireland EIRL 38.91 1.65 1.28 2.58 3.73 15.87 23.27 11.74 13.01 3.69 ishares Israel Cap Invest EIS 52.51 0.02-0.44 4.81 7.80 12.71 8.98 1.69 12.25 1.46 ishares Japan EWJ 12.93-0.08 0.70 1.57 1.33 15.04 19.00 7.85 15.04 17.14 ishares Japan Sm Cap SCJ 58.65-0.51-2.17 2.64 3.51 12.53 16.99 5.46 13.53 15.75 ishares Maylasia EWM 13.69 0.96-0.58 3.17 2.78 5.31-5.61-12.35 1.56-10.00 ishares Mexico EWW 59.60-0.25-2.28 2.48 0.54 3.71-7.62-13.51 0.35-6.94 ishares MSCI EAFE EFA 65.97-0.44 0.18 1.27 1.49 9.93 10.86-1.09 8.43 1.07 ishares MSCI EAFE MinVol EFAV 67.80 0.06 0.80 1.18 2.14 7.40 13.76 4.98 9.89 11.40 ishares MSCI Emg EMEA EEME 45.90 0.55 0.28 7.42 8.61 7.52 0.03-13.11 7.95-4.85 ishares MSCI Emg MinVol EEMV 61.78-0.58 1.28 5.86 5.81 9.11 6.73 3.92 9.09 8.19 12 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 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 ishares MSCI Italy EWI 14.85-1.59-2.88-0.34 2.48 14.58 5.99-9.20 9.19-14.80 ishares MSCI U Kingdom EWU 18.84 1.13 2.50 2.73 1.07 7.60 6.17-7.30 4.49-3.54 ishares Netherlands EWN 25.66-1.42-1.80 0.79-0.89 10.75 14.54 5.31 7.32 2.71 ishares New Zealand ENZL 41.30 1.65 1.60 0.90 1.85 1.25 9.79 2.88 3.30 2.89 ishares Pacific ex-japan EPP 46.93-1.22 1.89 1.96 2.74 6.37 4.33-3.10 6.78-1.43 ishares Philippines EPHE 41.90-2.40-2.38 0.89 1.04 3.94 14.89 14.20 9.69 17.33 ishares Poland EPOL 24.78 3.42 2.35 5.58 5.99 9.99-6.68-11.96 2.95-14.46 ishares S&P Europe 350 IEV 45.41-0.35-0.07 1.27 1.38 8.87 9.51-3.62 6.77-3.28 ishares S&P Latin Am 40 ILF 31.44 0.48 0.64 9.09 6.11 1.95-14.15-19.47-1.16-15.79 ishares S&P World Property WPS 39.29-0.83 0.51 1.60 3.66 6.11 12.15 2.80 9.01 9.00 ishares Singapore EWS 13.45 2.99 2.91 4.43 7.26 5.08 5.32 0.02 2.83 2.63 ishares South Africa EZA 69.95-0.79-0.85 5.33 3.89 8.55 12.70 3.31 7.91 6.37 ishares South Korea EWY 61.02 2.38 3.81 6.45 5.28 8.36 8.18-3.40 10.36-3.05 ishares Spain EWP 34.62-1.40-4.39-1.06 3.75 6.82-1.40-12.24-0.03-12.24 ishares Sweden EWD 33.54-0.15-2.22-0.24-0.95 10.04 11.26-1.52 5.90-3.26 ishares Switzerland EWL 34.61 0.58 1.73 2.82 3.22 5.10 13.77 2.37 9.21 2.68 ishares Taiwan EWT 15.77-1.44-2.29 0.77-2.41 5.06 7.66 1.41 4.37 7.87 ishares Thailand Invest THD 84.14 2.29 3.25 7.02 4.95 8.90 4.48 6.14 8.62 13.22 ishares Turkey TUR 46.24-2.71-5.13 0.57-1.18-17.28-6.43-18.12-14.86-10.74 MV Africa AFK 26.22 0.42-0.11 6.46 6.03 4.75-6.63-18.91 1.08-15.51 MV Brazil Small Cap BRF 17.80 1.37 2.01 12.09 10.29-8.86-29.46-37.25-15.52-36.97 MV Egypt EGPT 53.63-3.51-0.69-2.91-8.48-10.90-14.42-18.25-8.01-17.25 MV Gulf States MES 28.36 3.50 4.65 11.70 9.37 8.49-5.37-9.41 7.55-10.56 MV India Sm Cap SCIF 48.12-4.71-1.55 6.41-3.66 2.86 10.89 1.94 7.68 29.91 MV Indonesia IDX 24.74-0.80-1.20 2.70 1.48 4.48 5.55-3.41 1.85-2.29 MV Indonesia Sm Cap IDXJ 12.83-4.25-1.38 4.31-2.66-6.28 3.21-5.85-6.21-8.49 MV Russia RSX 19.31 2.66 2.49 16.19 13.32 31.90-6.50-18.50 31.99-16.09 MV Russia Sm Cap RSXJ 24.09 4.56 3.30 16.26 12.99 25.99-9.74-25.06 21.36-22.22 MV Vietnam VNM 18.22 5.01 9.83 6.55 1.33-2.20-11.52-12.84-5.20-9.51 PwrShrs DB Dollar Bull UUP 25.63-2.06 0.47-0.12-0.58 4.70 13.46 19.32 6.93 19.93 PwrShrs Golden Dragon PGJ 32.18-0.62 5.13 8.90 13.87 15.92 13.28 7.89 15.55 10.53 SPDR Emg Mkts Sm Cap EWX 47.05-0.82 1.25 5.97 4.70 6.45 4.35-4.45 6.11 0.17 SPDR MidEast & Africa GAF 71.01-0.27-0.95 4.61 3.94 5.47 7.42-1.71 5.99 0.88 Wtree Asia Local Debt ALD 47.15 0.70 0.81 1.40 2.52 0.11-1.44-3.26 1.05-1.69 WTree China Yuan CYB 25.55 0.16 0.24 0.51 0.71 1.07 0.67 2.23 1.67 2.72 WTree Commod Currency CCX 17.38 1.40 1.88 2.96 6.76-0.69-9.53-13.75-1.03-13.66 WTree Commod Equity CCXE 26.48 1.57 1.69 6.22 6.09 7.03-4.25-14.58 4.26-10.94 WTree Dreyfus Brazil Real BZF 15.29 1.66 2.89 7.45 5.96-10.43-14.72-20.07-9.69-18.50 WTree Emg Currency CEW 18.52 0.22 0.33 2.04 2.66 0.05-6.28-9.70-0.38-8.54 WTree Emg Markts HiYld DEM 46.23 1.20 3.47 10.33 8.55 10.12-0.26-6.88 9.65-3.91 WTree Emg Mkt Sm Cap Div DGS 46.60 0.19 1.48 6.51 6.17 6.81 5.24-1.52 7.97 0.18 WTree Euro Sm Cap Div DFE 57.43 0.17 0.14 2.33 2.96 13.27 18.42-0.84 11.58-4.21 WTree Europe Hedged HEDJ 66.21-3.37-1.33 0.44 0.14 16.74 29.88 21.09 19.15 22.65 WTree India EPI 23.04-3.07-1.16 3.41-3.06-0.38 4.96 4.99 4.63 20.34 WTree Japan Hedged DXJ 56.16-1.02 0.34 1.21 0.56 18.21 32.26 25.69 14.08 34.45 WTree Japan Sm Cap Div DFJ 55.76-0.23 0.41 3.07 2.12 14.66 16.60 5.30 14.92 14.60 13 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 13

ETF INTERNATIONAL PORTFOLIO PERFORMANCE PERIOD PORTFOLIO MSCI EAFE S&P 500 Nasdaq Dow Russell 2000 YTD 8.58 6.83 1.08 4.13 0.02 3.91 1 Week -1.65-0.27-0.99-1.28-1.28-1.02 4 Week 2.25 0.46-1.28-1.88-1.66-1.15 13 Week 5.16 8.85 3.06 6.42 1.80 6.39 26 Week 11.90 9.13 10.30 15.81 8.83 15.66 1 Year 2.66-1.06 11.60 20.42 8.64 10.01 Inception* 34.49 34.23 65.49 89.31 45.91 68.96 *Inception on 12/31/2011 INTERNATIONAL PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 2 WTree Europe Hedged HEDJ 224.07 66.21 $14,835.44 12/29/14 11.03% 3 China Large Cap FXI 328.53 50.03 $16,436.53 08/11/14 12.22% 4 WTree Japan Hedged DXJ 265.15 56.16 $14,890.57 11/03/14 11.07% 6 PwrShrs DB Dollar Bull UUP 470.18 25.63 $12,050.78 10/20/14 8.96% 7 ishares Ireland EIRL 321.68 38.91 $12,516.49 03/02/15 9.31% 8 ishares Japan EWJ 954.43 12.93 $12,340.76 03/09/15 9.18% 9 ishares Philippines EPHE 291.47 41.9 $12,212.58 09/29/14 9.08% 10 WTree Japan Sm Cap Div DFJ 184.86 55.76 $10,308.07 03/23/15 7.66% 12 ishares Denmark EDEN 259.94 53.66 $13,948.33 04/13/15 10.37% 15 MV India Sm Cap SCIF 310.79 48.12 $14,955.40 04/07/14 11.12% $134,494.96 100.00% THIS WEEK S INTERNATIONAL TRADE RECOMMENDATIONS At the close of trading on April 20, 2015, 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 India Small Cap Buy db A Shares SCIF ASHR Last Week s Sell Transactions Date Fund Symbol Shares Buy Value Sell Proceeds Profit No trades last week 14 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 14

BLENDED ETF PORTFOLIO PERIOD PORTFOLIO S&P 500 Nasdaq RUSSELL 2000 MSCI EAFE YTD 6.50 1.08 4.13 3.91 6.83 1 Week -1.26-0.99-1.28-1.02-0.27 4 Week -0.68-1.28-1.88-1.15 0.46 13 Week 4.41 3.06 6.42 6.39 8.85 26 Week 15.02 10.30 15.81 15.66 9.13 1 Year 0.38 11.60 20.42 10.01-1.06 Inception* -0.77 12.60 18.08 7.58-1.02 *Inception on 12/31/2013 BLENDED PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 4 FrTrust Biotech FBT 98.38 120.32 $11,836.66 08/25/14 11.93% 5 Guggenheim Solar TAN 236.396 48.00 $11,347.00 10/20/14 11.43% 6 SPDR Pharmaceuticals XPH 75.38 129.38 $9,752.27 09/29/14 9.83% 8 WTree Europe Hedged HEDJ 149.41 66.21 $9,892.43 03/02/15 9.97% 14 SPDR Homebuilders XHB 235.68 35.61 $8,392.71 01/20/15 8.46% 15 ProShares UltraShort Yen YCS 108.75 87.22 $9,485.45 03/23/15 9.56% 17 ishares US Healthcare IYH 65.41 155.63 $10,179.38 10/13/14 10.26% 19 ishares US Cons Servics IYC 73.73 142.76 $10,525.56 02/23/15 10.61% 20 PwrShrs DB Dollar Bull UUP 363.57 25.63 $9,318.32 02/02/15 9.39% 32 ishares 20+ Year Treas TLT 64.68 131.45 $8,501.91 01/12/15 8.57% $99,231.70 100.00% THIS WEEK S INTERNATIONAL TRADE RECOMMENDATIONS At the close of trading on April 20, 2015, 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 UltraShort Yen Buy db A Shares YCS ASHR Last Week s Sell Transactions Date Fund Symbol Shares Buy Value Sell Proceeds Profit No trades last week 15 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 15

best performing index, up 6.83 percent. The Nasdaq is up 4.31 percent, but its lead on the Russell 2000 Index shrank to about 0.2 percent. The Russell 2000 is up 3.91 percent this year, while the S&P 500 Index has gained 1.08 percent. The Dow Jones Industrial Average saw most of its gains for the year evaporate on Friday; the index is now up only 0.02 percent. The ETF International Portfolio retained its lead on the portfolios; it remains up 8.58 percent. The Fidelity Select Portfolio has increased 7.83 percent; the ETF Blended Portfolio has climbed 6.50 percent and the ETF Sector Portfolio has rallied 5.41 percent. Transportation (FSRFX) fell six spots for the second straight week and has now fallen twenty-five spots over the past three months. Two weeks ago the transportation sector was sitting on the verge of a potential breakdown, before reversing. It fell again last week, but managed to avoid setting a new low this month. FSRFX traded between $95 and $90 a share from November through April. Shares now trade below the range and the outlook for the fund, and the sector in general, will remain bearish until the fund can climb back above $90. The only large relative momentum gainer last week was Industrial Equipment (FSCGX), which moved up three spots. General Electric s (GE) decision to sell its GE Capital unit send shares sharply higher, and GE is a top ten holding of FSCGX. ishares US Finance (IYF) saw the largest decline in relative momentum in the ETF Sector rankings, falling five spots. Although General Electric (GE) is a top holding in industrial ETFs, they were two of the largest losers in the rankings: IYJ and XLI each slipped four spots. Utilities and real estate also moved lower: XLU fell two spots and IYR slipped three. Both funds have done poorly even though long-term bond yields have been falling. In contrast to the drop in IYF, SPDR KBW Bank (KBE) climbed five spots. Banks do better when interest rates are rising and the contrast of a rising KBE to the falling XLU and IYR makes sense from this perspective. There were two other large gainers this week: PowerShares Private Equity (PSP) climbed ten spots and PowerShares Nasdaq Internet (PNQI) popped nine. On top of already rising momentum, last week s positive earnings report from Netflix (NFLX) send the stock up double digits, helping to boost PNQI. Several emerging markets led the relative momentum losers this week: India, Turkey, Indonesia and Taiwan. At the other end, we saw db X-Trackers A-Shares (ASHR) jump to the number one spot. The fund didn t have enough history to register a long-term momentum signal until this week. 16 PHONE: (888) 252-5372 WWW.MUTUALFUNDINVESTORGUIDE.COM 16

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 longterm 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. SUBSCRIPTION REFUND POLICY 30 DAY 100% GUARANTEE; NO REFUNDS AFTER 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) 252-5372. 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) 252-5372. 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. WWW.MUTUALFUNDINVESTORGUIDE.COM 17