The MSCI EAFE Index increased 1.23 percent

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 29.29 percent in 2017, the Dow Jones Industrial Average 25.26 percent, the MSCI EAFE 20.71 percent, the S&P 500 Index 19.85 percent and the Russell 2000 Index 13.69 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 17.21 percent this year, the ETF Sector Portfolio 15.12 percent, the Fidelity Select Sector Portfolio 0.57 percent and the ETF Blended Portfolio 10.52 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 10-14 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

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 13 11 9 9 6 4 2 1 1 1 1 1 1 Technology FSPTX 1 1 1 1 1 1 1 2 2 2 2 2 2 Defense & Aero FSDAX 2 2 2 2 1 2 3 3 3 3 3 3 3 Brokerage FSLBX 9 7 8 8 7 8 10 10 9 9 8 6 4 IT Services FBSOX 4 5 5 5 4 5 5 4 4 3 4 4 5 Software FSCSX 6 9 10 10 9 7 6 6 5 5 5 5 6 Computers FDCPX 15 17 17 16 15 13 8 7 7 7 7 7 7 Financial Services FIDSX 20 18 15 15 13 12 13 12 12 12 10 10 8 Automotive FSAVX 11 7 6 6 5 6 7 8 8 8 9 8 8 Consumer Finance FSVLX 16 14 13 12 12 11 11 11 11 10 11 11 8 Chemicals FSCHX 5 4 4 3 3 3 4 5 6 6 6 8 11 Transportation FSRFX 18 15 14 13 14 15 15 17 19 17 17 12 12 Retailing FSRPX 33 30 30 30 29 28 28 27 23 18 18 15 13 Leisure FDLSX 19 21 21 21 22 21 17 15 14 13 12 12 14 Air Transport FSAIX 8 6 7 7 8 10 12 13 15 16 16 16 14 Constr & Housing FSHOX 27 27 26 25 24 23 21 17 16 15 14 14 16 Banking FSRBX 29 29 27 27 25 22 23 23 25 23 20 19 17 Environmental FSLEX 21 20 20 19 16 16 14 14 13 14 15 17 18 Materials FSDPX 14 12 11 11 10 9 9 9 10 11 13 18 19 Industrials FCYIX 26 26 24 23 21 20 19 21 21 20 19 20 20 Consumer Discr FSCPX 31 31 31 31 31 30 30 29 27 27 23 22 21 Industrial Equip FSCGX 22 22 19 17 18 17 16 16 17 18 21 21 22 S&P 500 Index SPX 25 24 25 24 26 26 24 22 22 24 24 24 23 Healthcare Svcs FSHCX 24 25 29 29 28 29 29 30 30 29 28 26 24 Insurance FSPCX 23 23 23 22 19 18 18 19 19 22 22 23 25 Wireless FWRLX 16 19 22 26 27 27 27 25 26 26 26 27 26 Utilities FSUTX 10 13 16 18 20 23 22 20 17 21 25 25 27 Comm Equip FSDCX 34 34 33 32 32 32 31 32 31 30 30 29 28 Medical Equip FSMEX 12 16 18 20 23 25 26 24 24 25 27 28 29 Natural Resources FNARX 38 38 38 38 37 34 32 31 32 32 31 31 30 Energy FSENX 39 39 39 39 39 36 34 33 33 33 32 32 31 HealthCare FSPHX 7 10 12 13 16 19 24 26 28 28 29 30 32 Biotechnology FBIOX 3 3 3 4 11 14 20 28 29 31 33 33 33 Multimedia FBMPX 29 32 34 34 34 35 36 36 36 36 35 34 34 Government Income FGOVX 35 36 36 36 35 33 35 35 34 34 34 35 35 Consumer Staples FDFAX 37 37 37 37 38 39 39 38 38 37 37 37 36 Pharmaceuticals FPHAX 28 28 28 28 30 31 33 34 35 35 36 36 37 Telecommunications FSTCX 36 35 35 35 36 38 38 39 39 39 38 38 38 Energy Services FSESX 40 40 40 40 41 41 41 41 41 41 40 39 39 Natural Gas FSNGX 41 41 41 41 40 40 40 40 39 40 39 40 40 Gold FSAGX 31 33 32 33 33 36 37 37 37 38 41 41 41 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 84.43 1.33 2.26 4.12 8.17 9.37 15.79 26.05 24.63 23.12 Automotive FSAVX 37.51 0.86 0.71 1.36 2.48 5.92 16.40 19.07 25.37 24.87 Banking FSRBX 35.89 1.59 1.81 2.63 7.70 11.35 16.31 17.07 14.38 13.15 Biotechnology FBIOX 219.57 2.21 0.91 1.59 3.06-2.73 2.12 10.09 27.96 27.14 Brokerage FSLBX 81.97 0.63 0.24 2.20 6.67 11.82 18.00 28.34 30.36 28.87 Chemicals FSCHX 177.97 2.24 2.18 1.15 1.19 6.50 18.42 19.08 31.44 30.18 Comm Equip FSDCX 36.45 0.80 1.99 1.33 2.14 7.82 5.15 7.73 13.04 12.16 Computers FDCPX 89.70 0.29 1.14 1.15-2.47 10.72 13.46 18.90 35.05 33.33 Constr & Housing FSHOX 64.24 1.69 1.24 2.03 4.36 11.44 13.44 18.41 25.02 24.16 Consumer Discr FSCPX 41.52 1.05 1.87 2.67 4.69 12.45 12.18 16.20 22.31 20.77 Consumer Finance FSVLX 16.27 1.24 1.51 3.74 5.87 11.59 17.13 23.68 23.58 22.76 Consumer Staples FDFAX 92.44 0.35 1.70 2.36 4.18 3.47-1.12 2.52 12.08 11.74 Defense & Aero FSDAX 166.51 0.05 1.54 2.70 3.67 7.21 21.18 28.94 33.91 32.90 Energy FSENX 44.24 7.33 6.67 4.93 7.54 9.18 18.97 7.24-3.63-5.25 Energy Services FSESX 44.63 7.65 7.00 3.86 7.07 1.21 12.48-5.80-13.87-14.55 Environmental Svcs FSLEX 26.33 0.84 0.57 0.77 2.57 8.19 9.76 17.12 24.75 24.09 Financial Services FIDSX 114.79 0.91 0.69 1.93 6.96 11.67 17.91 21.89 21.58 20.41 Gold FSAGX 20.44 5.09 7.07 3.44 0.59-5.02-0.92-5.00 6.90 17.99 Government Income FGOVX 10.17-0.59-0.49-0.59-0.64-0.83-0.68 0.89 1.50 2.15 HealthCare FSPHX 223.94-0.29-0.26-1.05 0.44-0.36 1.35 10.83 24.14 24.69 Healthcare Svcs FSHCX 90.04-0.08 0.60 0.50 5.23 10.37 6.16 16.24 24.66 23.81 Industrial Equip FSCGX 43.87 1.18 1.46 2.26 4.33 6.46 12.88 17.48 19.34 18.10 Industrials FCYIX 36.73 1.69 1.96 2.95 5.79 8.72 13.45 18.50 19.89 18.72 Insurance FSPCX 79.25-0.49-1.11-1.35 1.60 4.56 7.93 12.88 15.13 14.20 IT Services FBSOX 54.48-0.29 1.00 1.64 1.18 9.76 16.78 25.89 34.28 34.02 Leisure FDLSX 165.69 0.28 0.23 1.27 3.17 10.19 9.45 22.21 28.84 26.84 Materials FSDPX 90.52 2.55 2.38 2.55 3.20 6.69 15.06 18.19 25.60 24.62 Medical Equip FSMEX 44.09-1.25-0.84-2.07-2.48 1.54 0.73 11.49 27.27 27.27 Multimedia FBMPX 80.33 0.56 3.31 2.53 4.40 4.25 4.27 4.12 13.79 12.06 Natural Gas FSNGX 23.76 6.26 4.98 2.62 5.12 0.61 7.55-5.37-16.37-17.65 Natural Resources FNARX 29.78 7.20 6.55 5.07 7.31 9.06 18.47 8.24-1.17-2.39 Pharmaceuticals FPHAX 18.45-0.49 0.90 0.15 1.12-2.92-4.26 2.35 10.04 11.09 Retailing FSRPX 133.14 1.75 2.02 3.36 6.17 14.73 15.31 19.36 25.81 24.23 S&P 500 SPX 2683.34 0.28 1.20 1.56 3.32 7.48 10.01 14.59 19.85 18.68 Semiconductors FSELX 113.35 1.63 2.73 0.95-3.04 16.67 20.42 25.98 36.79 34.29 Software FSCSX 166.37-0.54 1.46 2.10 0.86 12.49 14.56 26.32 39.17 37.33 Technology FSPTX 180.56-0.44 1.54 0.93-3.37 9.87 14.82 29.81 51.28 50.50 Telecommunications FSTCX 59.09 1.62 3.99 2.29 6.28 1.02 3.30 2.99 2.07 1.40 Transportation FSRFX 104.53 2.14 1.86 3.76 9.49 9.75 15.77 24.84 22.48 20.65 Utilities FSUTX 79.27-3.29-3.75-4.39-3.81-0.53 2.38 7.98 17.21 17.04 Wireless FWRLX 10.14 1.20 1.81 1.71 1.06 6.08 9.06 12.04 25.25 25.40 WWW.MUTUALFUNDINVESTORGUIDE.COM 3

FIDELITY SELECT SECTOR RETURNS PERIOD PORTFOLIO BENCHMARK S&P 500 Nasdaq Dow Russell 2000 YTD 12.79 19.85 29.29 25.26 13.69 1 Week 0.57 0.28 0.34 0.42 0.82 4 Week 0.20 3.11 1.03 5.08 1.56 13 Week 4.82 7.24 8.29 10.76 6.35 26 Week 6.08 10.05 11.09 15.70 9.06 1 Year 11.32 18.53 27.41 24.18 12.50 Inception* 139.14 113.37 167.16 102.61 108.25 *Inception on 12/31/2011 FIDELITY PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 1 Semiconductors FSELX 198.35 113.35 $22,483.16 10/16/17 9.40% 2 Technology FSPTX 131.52 180.56 $23,746.99 03/13/17 9.93% 3 Defense & Aero FSDAX 150.74 166.51 $25,099.21 08/07/17 10.50% 4 Brokerage FSLBX 287.67 81.97 $23,580.29 10/02/17 9.86% 5 IT Services FBSOX 453.11 54.48 $24,685.35 08/21/17 10.32% 6 Software FSCSX 132.32 166.37 $22,014.44 04/24/17 9.21% 7 Computers FDCPX 234.44 89.70 $21,029.54 11/13/17 8.79% 8 Automotive FSAVX 593.13 37.51 $22,248.26 10/09/17 9.30% 8 Consumer Finance FSVLX 1944.52 16.27 $31,637.39 12/04/17 13.23% 11 Chemicals FSCHX 127.06 177.97 $22,613.67 10/02/17 9.46% $239,138.32 100.00% 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 WWW.MUTUALFUNDINVESTORGUIDE.COM 4

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 1 1 1 1 1 1 1 1 1 1 1 1 1 ishares US Home Constr ITB 19 16 13 13 10 5 5 5 5 3 3 2 2 Glb X Lithium LIT 2 2 2 2 2 2 2 2 2 2 2 2 3 Guggenheim Solar Energy TAN 6 6 8 8 7 4 4 4 4 4 4 4 4 US Brent Oil BNO 55 49 46 40 33 19 12 6 6 6 6 5 5 ishares Semiconductor SOXX 12 11 10 7 5 3 3 3 3 5 5 6 6 ETFS Palladium PALL 7 9 9 9 9 9 6 7 9 8 7 7 7 ishares US Broker Dealers IAI 30 26 23 22 21 24 24 22 21 18 13 10 8 SPDR S&P Cap Mkt KCE 32 27 22 19 17 21 21 20 19 17 12 11 9 PShrs Clean Energy PBW 13 12 11 11 11 11 7 9 8 9 8 8 10 Global X Social Media SOCL 4 4 4 5 6 6 8 8 7 7 9 9 11 ishares NA Technology IGM 18 21 21 21 19 17 14 12 10 10 10 12 12 ishares US Technology IYW 23 24 26 23 22 18 17 14 11 11 11 13 13 VanEck Gaming BJK 26 27 28 32 37 36 33 28 25 23 23 20 14 SPDR Technology XLK 21 23 24 23 23 19 18 16 14 13 15 14 15 ishares US Aero & Defense ITA 9 8 6 6 8 10 10 10 13 13 14 14 16 ishares US Financial Svcs IYG 34 32 30 29 25 25 25 26 27 24 20 17 17 SPDR DJIA DIA 30 32 32 30 29 27 26 25 24 20 21 19 18 FrTrust DJ Internet FDN 17 17 18 17 16 16 19 18 16 15 17 16 19 PShrs DB Oil DBO 79 76 74 72 60 56 43 34 28 19 19 20 20 SPDR Homebuilders XHB 48 45 45 45 43 40 38 35 32 29 22 23 21 US Oil USO 82 83 82 80 73 60 50 40 34 27 24 24 22 SPDR Financial XLF 38 37 36 32 31 28 28 30 33 33 25 25 23 ishares NA Software IGV 11 13 14 15 15 13 13 11 12 12 16 18 24 FrTrust Global Auto CARZ 24 18 16 14 14 14 15 15 15 15 18 22 25 Guggenheim Timber CUT 20 20 19 20 19 22 22 21 23 25 26 27 26 PShrs Water PHO 43 40 37 37 35 34 31 31 30 30 27 26 27 ishares US Finance IYF 42 41 41 42 41 37 36 36 38 37 34 28 28 VanEck Coal KOL 15 18 20 26 29 32 30 32 37 38 38 33 29 ishares US Basic Materials IYM 33 31 28 28 26 26 27 27 29 30 28 29 30 ishares US Industrial IYJ 35 35 35 34 34 33 31 32 35 35 34 30 31 SPDR S&P Bank KBE 66 58 55 55 50 49 53 53 51 48 41 34 32 SPDR Basic Materials XLB 36 36 34 31 32 29 28 29 31 34 31 31 32 PShrs NASDAQ Internet PNQI 14 14 15 16 18 23 23 23 22 26 29 32 34 ishares DJ Transports IYT 51 48 47 47 47 47 52 55 57 58 50 44 35 Glb X Uranium URA 85 88 91 93 93 95 96 92 90 88 70 51 36 SPDR Industrial XLI 39 39 40 39 40 38 40 42 44 43 42 38 36 SPDR S&P 500 SPY 44 43 44 46 46 45 41 40 41 40 40 36 38 ishares US Reg Banks IAT 63 54 54 54 51 50 54 54 55 53 46 42 39 VanEck Ag Business MOO 36 38 39 38 37 35 36 39 39 39 38 39 40 PShrs DB Base Metals DBB 10 10 11 12 12 12 15 19 18 22 30 36 41 SPDR S&P Reg Bank KRE 72 66 56 56 55 54 58 58 56 54 47 45 42 SPDR Cons Disc XLY 60 58 58 58 57 59 60 60 58 57 51 47 43 ishares Russell2000 IWM 49 44 42 43 44 43 42 44 42 40 42 42 44 FrTrust Biotech FBT 8 7 7 10 13 15 20 24 26 32 32 34 45 VanEck Steel SLX 22 22 27 27 24 31 35 43 48 50 55 52 46 Glb X Copper Miners COPX 5 5 5 4 4 8 9 13 17 20 36 46 47 ishares US Med Devices IHI 29 34 37 40 42 41 39 37 36 35 37 41 48 ishares US Oil & Gas Exp IEO 91 87 86 81 80 70 59 55 54 52 52 50 49 WWW.MUTUALFUNDINVESTORGUIDE.COM 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 SPDR Biotech XBI 3 3 3 3 3 7 11 17 20 28 33 39 50 ishares GSCI Commodity GSG 73 72 71 67 58 58 54 49 43 42 44 49 51 ishares US Cons Service IYC 64 64 65 64 66 65 68 64 62 60 59 56 51 ishares US Insurance IAK 52 52 50 48 48 46 46 45 45 44 45 48 53 SPDR Metals & Mining XME 45 42 43 44 45 48 57 59 61 64 64 63 54 SPDR Retail XRT 85 84 87 86 85 85 87 87 87 77 68 63 55 ishares US Healthcare IYH 27 29 31 34 36 42 43 46 49 49 53 55 56 SPDR Healthcare XLV 28 30 33 36 39 44 45 49 50 51 56 57 57 ishares NA Networking IGN 67 67 64 64 64 63 70 69 62 59 60 61 58 PShrs Dyn Leisure PEJ 75 74 72 70 67 65 67 67 64 63 61 62 59 PShrs Private Equity PSP 25 25 25 25 27 30 33 38 40 45 54 59 60 SPDR S&P Insurance KIE 49 53 52 51 49 51 50 51 53 55 57 58 61 SPDR Oil & Gas Explor XOP 93 92 92 89 88 86 78 72 66 62 61 65 62 ishares US Utilities IDU 41 47 48 49 51 52 48 48 47 46 48 53 63 SPDR Utilities XLU 40 46 48 49 51 52 48 47 46 46 49 54 64 SPDR Energy XLE 84 80 78 76 75 71 64 62 64 66 65 66 65 ishares US Energy IYE 87 82 80 79 78 76 66 65 67 67 66 68 66 ishares US Cons Goods IYK 60 62 62 61 61 67 74 73 73 72 67 68 67 VanEck Nuclear Energy NLR 46 50 52 53 54 55 56 52 52 55 58 60 68 ishares NA Natural Res IGE 80 77 76 75 76 72 65 66 68 68 68 70 69 ishares US Real Estate IYR 56 57 56 57 58 61 62 61 60 61 63 67 70 SPDR Cons Staples XLP 68 73 75 77 82 83 85 83 81 78 77 73 71 PShrs Fin Preferred PGF 58 60 63 63 64 62 69 70 71 71 71 71 72 ishares 20+ Yr Tres Bond TLT 58 63 67 69 72 74 74 73 72 73 73 72 73 ishares NASDAQ Biotech IBB 16 15 17 18 28 39 47 57 59 65 72 75 74 ishares C & S Realty ICF 65 69 68 68 70 75 72 68 69 69 74 73 75 SPDR Pharmaceuticals XPH 69 68 66 64 71 79 83 85 83 83 82 77 76 PShrs Dyn Media PBS 70 70 70 74 77 80 80 80 78 79 81 78 77 ishares US Preferred PFF 62 65 68 71 69 72 76 77 76 76 76 76 78 FrTrust Natural Gas FCG 95 94 93 92 92 90 86 86 82 82 82 82 79 ishares Comex Gold IAU 53 55 58 59 61 67 71 75 74 74 78 80 80 SPDR Gold GLD 54 56 60 60 63 69 73 76 75 75 79 82 81 ipath DJ Livestock COW 83 86 84 84 79 63 63 63 70 69 75 79 82 ishares Agg Bond AGG 74 75 77 78 81 81 80 78 80 84 84 84 83 Teucrium Soybean SOYB 81 85 83 84 83 82 82 80 79 79 80 81 84 FrTrust Global Wind FAN 47 51 51 52 56 57 61 71 77 79 85 85 85 Guggenheim Shipping SEA 70 71 73 73 74 76 77 79 86 87 86 86 86 SPDR Oil & Gas Equip XES 97 97 97 97 97 96 94 93 93 92 91 89 87 VanEck Gold Miners GDX 57 60 61 62 68 78 79 82 83 85 87 87 88 ishares US Oil Equip IEZ 96 96 95 95 95 94 91 91 92 93 92 92 89 ETFS Platinum PPLT 76 81 85 87 87 87 88 88 88 89 89 91 90 ishares Silver Trust SLV 77 79 81 83 84 84 84 84 85 86 88 88 91 PShrs DB Agriculture DBA 90 91 90 91 89 89 89 89 89 90 89 90 92 VanEck Jr Gold Miners GDXJ 78 78 79 82 86 88 90 90 91 91 93 93 93 ishares US Telecom IYZ 88 89 88 88 90 91 93 96 95 94 94 94 94 Teucrium Corn CORN 92 93 94 94 94 93 95 94 94 95 95 95 95 Glb X Silver Miners SIL 89 90 89 90 91 92 92 95 96 96 96 96 96 US Natural Gas UNG 94 95 96 96 96 97 97 97 97 97 97 97 97 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 99.23 1.48 3.29 1.84 3.38 13.89 19.63 30.24 52.17 57.91 ETFS Platinum PPLT 87.50 2.72 3.24-2.40-2.40-2.59-0.35-5.73 1.26 0.68 FrTrust Biotech FBT 124.02 0.67-0.63-1.24 0.27 0.44 5.45 18.41 36.47 34.85 FrTrust DJ Internet FDN 110.21-0.44 1.30 1.63 0.15 10.70 14.68 26.55 38.06 36.62 FrTrust Global Auto CARZ 42.00 0.83 1.85 0.64-0.48 5.64 15.49 18.47 24.85 23.70 FrTrust Global Wind FAN 13.05 2.19 3.00 3.00 3.98 0.31 2.14 7.15 14.54 17.76 FrTrust Natural Gas FCG 22.40 7.07 4.28 0.45 3.27 3.32 12.24-2.19-12.86-14.46 Glb X Copper Miners COPX 26.67 6.09 11.40 8.68 3.90 9.71 34.29 20.90 33.35 32.42 Glb X Lithium LIT 39.87 2.89 5.20 0.81-0.85 10.75 35.89 47.39 63.54 64.35 Glb X Silver Miners SIL 32.12 3.48 7.42 3.38 1.20-5.22-6.90-12.07 0.03 7.75 Glb X Uranium URA 15.34-4.24-1.92 7.57-0.58 12.88 15.34 0.46 19.19 20.45 Global X Social Media SOCL 33.97 1.89 3.57 5.14-1.82 10.33 17.38 36.92 57.12 56.90 Guggenheim Shipping SEA 11.69 2.72 4.38 1.74 3.00-0.89 3.27-0.07 5.44 5.13 Guggenheim Solar Energy TAN 25.29 3.10 3.86 4.46 1.04 19.12 27.15 46.27 52.63 50.22 Guggenheim Timber CUT 32.08 1.65 2.30 2.30 2.99 6.90 13.04 22.68 29.51 29.75 ipath DJ Livestock COW 23.08-1.03 1.05-2.37-3.43 2.62-6.45 2.76 3.22 3.36 ishares 20+ Yr Tres Bond TLT 124.77-2.58-1.31-1.20-1.46-0.93-1.29 4.92 7.38 8.59 ishares Agg Bond AGG 108.87-0.55-0.29-0.27-0.41-0.43 0.08 2.14 3.08 3.73 ishares C & S Realty ICF 99.75-2.59-1.32-2.14-2.22 0.01-1.52 3.88 3.28 5.70 ishares Comex Gold IAU 12.25 1.58 2.17-0.41-1.37-2.78 2.42 1.41 10.56 12.80 ishares DJ Transports IYT 192.61 2.61 2.55 4.72 11.00 10.15 13.59 20.47 19.25 17.80 ishares GSCI Commodity GSG 15.85 2.06 1.99-0.13-0.06 4.83 18.64 10.15 1.15 3.19 ishares NA Natural Res IGE 35.06 4.28 3.76 3.03 5.29 4.40 12.85 6.56-0.77-1.86 ishares NA Networking IGN 48.85 0.44 1.82 0.86 0.94 7.91 4.05 7.87 12.66 11.69 ishares NA Software IGV 154.95-1.61 0.51-0.12-1.97 7.96 10.31 23.91 42.50 41.08 ishares NA Technology IGM 169.95-0.13 1.42 1.39-0.15 12.12 15.15 24.75 38.14 36.36 ishares NASDAQ Biotech IBB 106.94 0.44 0.94 1.29 2.78-3.04 0.55 9.67 21.27 20.67 ishares Russell2000 IWM 153.19 1.01 1.56 0.49 1.91 6.67 9.73 14.89 15.13 14.73 ishares Semiconductor SOXX 172.26 1.63 2.71 1.10-4.19 13.08 18.58 27.55 41.80 39.34 ishares Silver Trust SLV 15.40 1.65 2.94-0.84-4.76-5.00-1.79-10.20 1.92 2.80 ishares US Aero & Defense ITA 187.86 0.02 1.63 2.56 3.99 6.52 20.59 28.63 34.83 33.24 ishares US Basic Materials IYM 101.88 2.51 2.68 2.76 3.27 6.77 15.40 17.42 24.44 23.06 ishares US Broker Dealers IAI 63.11 0.60 0.48 1.87 7.26 14.31 21.45 27.47 29.56 27.96 ishares US Cons Goods IYK 126.89 0.06 1.40 1.99 3.89 5.74 4.08 8.27 16.68 16.16 ishares US Cons Service IYC 179.84 1.04 2.19 2.90 5.74 10.52 9.71 14.52 20.27 18.62 ishares US Energy IYE 39.48 4.94 4.67 3.87 6.95 6.47 14.28 7.84-2.22-3.62 ishares US Finance IYF 119.42 0.14 0.34 1.24 4.73 8.63 13.63 17.90 19.57 19.00 ishares US Financial Svcs IYG 131.30 1.02 1.11 2.85 7.57 12.54 20.01 23.71 25.28 24.00 ishares US Healthcare IYH 174.63-0.82 0.20-0.23 1.89 2.45 4.19 12.96 22.55 22.43 ishares US Home Constr ITB 43.37 1.83 1.26 0.51 3.71 23.43 28.78 37.32 58.28 56.06 ishares US Industrial IYJ 147.04 0.53 0.88 1.89 3.92 6.65 12.18 19.08 23.33 22.03 ishares US Insurance IAK 66.45-0.10-0.75-0.78 1.88 5.27 8.42 12.80 13.92 12.86 ishares US Med Devices IHI 174.14-0.51 0.13-1.27-1.04 4.98 4.60 15.37 31.29 31.53 ishares US Oil & Gas Exp IEO 64.54 6.71 5.63 4.40 6.91 10.39 21.25 11.56-0.58-2.69 ishares US Oil Equip IEZ 35.55 8.37 7.07 3.58 8.44 2.06 11.13-8.39-19.03-20.32 ishares US Preferred PFF 38.11-0.45-0.86-0.65-0.54-0.27 0.20 3.55 8.21 7.89 ishares US Real Estate IYR 79.84-2.15-1.10-1.75-2.00 1.09 0.44 6.33 7.73 9.59 ishares US Reg Banks IAT 50.05 1.42 0.99 1.83 7.94 9.82 14.61 15.68 12.12 11.27 ishares US Technology IYW 164.70 0.06 1.78 1.73 0.00 12.94 15.44 24.02 38.22 36.29 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 29.48 0.20 1.83-2.25 1.10-4.11-8.21-5.61-12.45-13.08 ishares US Utilities IDU 132.35-4.42-5.16-6.00-4.87-1.13-0.14 4.36 11.50 11.27 MV Ag Business MOO 61.31 1.90 2.15 1.67 2.61 6.04 12.78 17.03 21.17 21.96 MV Coal KOL 15.82 3.91 7.88 6.27 8.24 13.72 26.23 19.34 33.75 34.63 MV Gaming BJK 46.07 0.89 3.92 5.03 5.12 12.49 13.38 26.29 39.35 38.70 MV Gold Miners GDX 22.89 4.93 6.43 2.60 0.67-3.17 2.28-1.52 10.30 21.00 MV Jr Gold Miners GDXJ 33.53 6.62 10.59 5.64 3.30-4.03-0.62-9.20 6.31 18.82 MV Nuclear Energy NLR 48.97-3.48-4.31-5.02-3.90-2.05 0.47 3.22 8.05 7.44 MV Rare Earth REMX 28.96 7.42 10.76 5.00 6.01 21.62 75.64 68.99 75.75 75.75 MV Steel SLX 45.15 5.81 6.99 9.29 9.78 11.79 26.76 16.84 22.53 20.43 PShrs Clean Energy PBW 25.41 0.83 2.61 2.70 1.92 10.84 17.90 31.85 40.19 38.31 PShrs DB Agriculture DBA 18.41 0.44-0.11-3.41-3.96-2.54-3.61-7.49-7.81-7.16 PShrs DB Base Metals DBB 19.02 3.37 6.97 3.09 2.09 5.08 19.40 16.97 27.48 25.71 PShrs DB Oil DBO 9.85 1.97 1.55 0.10 0.92 10.55 29.43 16.84 1.76 4.01 PShrs Dyn Leisure PEJ 44.22 1.33 1.45 2.08 3.56 9.10 5.23 10.11 11.29 9.46 PShrs Dyn Media PBS 28.46 1.07 2.26 2.52 2.19 3.53 2.19 4.71 8.95 7.84 PShrs Fin Preferred PGF 18.90-0.06-0.53-0.17-0.22 0.99 1.75 5.81 11.00 10.69 PShrs NASDAQ Internet PNQI 116.72 0.79 3.45 3.43-0.03 7.79 10.40 25.14 41.27 40.03 PShrs Private Equity PSP 12.40 2.49 2.41 2.24 1.35 1.75 6.99 16.35 23.64 24.31 PShrs Water PHO 30.07 0.55-0.68-0.45 0.92 5.85 11.38 18.08 22.73 21.79 SPDR Basic Materials XLB 60.34 2.13 2.03 2.65 3.58 7.04 12.87 18.31 23.62 22.47 SPDR Biotech XBI 84.59 3.39 0.83 1.45 3.57 0.45 5.70 21.57 43.30 42.62 SPDR Cons Disc XLY 98.98 1.03 2.13 2.80 5.22 11.15 10.94 15.53 23.18 21.35 SPDR Cons Staples XLP 56.87-0.02 1.24 1.96 4.53 5.49 3.49 6.31 12.94 12.40 SPDR DJIA DIA 247.40 0.47 1.78 2.28 5.44 11.64 16.96 22.58 28.09 27.15 SPDR Energy XLE 71.97 4.73 4.57 3.97 7.03 6.28 14.26 8.31-1.29-2.71 SPDR Financial XLF 28.05 0.86 0.61 2.18 7.44 10.95 17.81 21.13 22.61 21.10 SPDR Gold GLD 120.94 1.48 2.08-0.53-1.38-2.88 2.18 1.18 10.34 12.41 SPDR Healthcare XLV 82.91-0.96 0.28-0.07 2.04 2.34 3.93 12.61 22.11 22.11 SPDR Homebuilders XHB 44.15 2.01 1.49 1.42 4.90 14.51 15.13 20.85 31.47 29.55 SPDR Industrial XLI 75.40 1.18 1.50 3.02 6.16 7.15 11.95 19.00 23.54 22.14 SPDR Metals & Mining XME 35.55 7.18 9.53 11.57 13.63 12.34 23.00 20.91 18.44 15.93 SPDR Oil & Gas Equip XES 16.89 8.90 7.37 2.93 8.12 4.33 14.40-8.50-23.02-23.84 SPDR Oil & Gas Explor XOP 36.82 8.04 4.50 1.26 4.53 8.56 18.88 4.78-10.35-11.79 SPDR Pharmaceuticals XPH 43.55-0.34 1.46 1.34 3.09 2.75-0.65 4.07 12.18 12.15 SPDR Retail XRT 45.51 2.78 1.75 5.04 9.63 10.96 14.08 11.79 4.98 3.40 SPDR S&P 500 SPY 267.51 0.38 1.27 1.67 3.51 8.01 11.07 16.23 22.00 21.00 SPDR S&P Bank KBE 48.18 1.67 1.45 1.83 7.32 11.27 15.20 16.68 12.45 11.22 SPDR S&P Cap Mkt KCE 57.91 0.99 0.77 2.64 6.37 14.75 20.71 29.43 31.94 30.86 SPDR S&P Insurance KIE 30.64-0.26-0.82-1.04 1.28 3.55 6.23 9.55 12.61 11.63 SPDR S&P Reg Bank KRE 59.95 1.49 1.54 1.46 6.90 10.39 13.42 14.93 9.49 8.48 SPDR Technology XLK 64.54-0.03 1.86 2.00 1.00 12.02 16.09 23.53 35.50 33.94 SPDR Utilities XLU 52.45-4.67-5.25-6.15-5.11-1.45-0.42 4.03 11.56 11.44 Teucrium Corn CORN 16.81 1.45-0.18-1.58-1.29-4.05-8.89-9.72-10.15-9.77 Teucrium Soybean SOYB 17.82-1.76-3.73-4.19-4.35-3.05 2.47-3.41-6.70-6.55 US Brent Oil BNO 17.56 3.05 2.69 2.21 3.42 12.13 43.00 27.25 11.99 14.55 US Natural Gas UNG 5.25 0.57-5.06-13.93-13.93-19.35-23.25-29.34-43.79-40.88 US Oil USO 11.66 1.75 1.48-0.09 0.52 10.52 30.57 16.14-0.51 1.75 WWW.MUTUALFUNDINVESTORGUIDE.COM 8

ETF SECTOR RETURNS PERIOD PORTFOLIO BENCHMARK S&P 500 Nasdaq Dow Russell 2000 YTD 15.12 19.85 29.29 25.26 13.69 1 Week 1.27 0.28 0.34 0.42 0.82 4 Week -0.19 3.11 1.03 5.08 1.56 13 Week 7.17 7.24 8.29 10.76 6.35 26 Week 10.43 10.05 11.09 15.70 9.06 1 Year 14.14 18.53 27.41 24.18 12.50 Inception* 117.19 113.37 167.16 102.61 108.25 *Inception on 12/31/2011 ETF SECTOR PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE Value DATE PURCHASED PERCENT 2 ishares US Home Constr ITB 499.28 43.37 $21,653.96 10/09/17 9.97% 3 Glb X Lithium LIT 522.43 39.87 $20,829.39 11/27/17 9.59% 4 Guggenheim Solar Energy TAN 869.53 25.29 $21,990.52 08/07/17 10.12% 6 ishares Semiconductor SOXX 169.73 172.26 $29,237.78 08/08/16 13.46% 7 ETFS Palladium PALL 236.33 99.23 $23,450.96 03/27/17 10.80% 8 ishares US Broker Dealers IAI 326.67 63.11 $20,616.07 12/11/17 9.49% 9 SPDR S&P Cap Mkt KCE 359.55 57.91 $20,821.72 12/11/17 9.59% 10 PShrs Clean Energy PBW 684.75 25.41 $17,399.43 11/13/17 8.01% 12 ishares NA Technology IGM 122.00 169.95 $20,733.46 11/27/17 9.55% 16 ishares US Aero & Defense ITA 108.90 187.86 $20,458.62 08/14/17 9.42% $217,191.91 100.00% 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 WWW.MUTUALFUNDINVESTORGUIDE.COM 9

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 77 74 72 66 57 52 35 21 16 9 3 1 1 VanEck Egypt EGPT 86 85 84 81 71 57 54 41 36 22 13 3 2 Glb X Argentina ARGT 36 28 25 25 24 23 19 22 23 23 19 12 3 Glb X Nigeria NGE 5 5 5 4 6 7 8 7 10 12 4 2 4 VanEck India Sm Cap SCIF 42 45 44 46 39 30 20 19 18 11 10 9 5 ishares Thailand Invest THD 29 25 20 17 16 15 14 14 11 13 11 8 6 WTree Japan Hedged DXJ 65 59 50 43 32 24 16 16 15 14 12 11 7 ishares Austria EWO 4 4 4 5 4 4 4 5 7 5 7 10 8 ishares South Korea EWY 43 39 35 31 28 19 14 11 9 7 6 4 8 db xtrackers China ASHR 15 14 15 15 14 13 10 8 4 4 5 6 10 PwrShrs Golden Dragon PGJ 3 3 3 3 3 5 5 3 3 3 8 14 11 ishares All Peru EPU 23 15 12 9 5 3 2 2 2 1 1 6 12 WTree Japan Sm Cap Div DFJ 39 34 33 32 30 27 21 20 21 17 16 15 13 Gugg China RE TAO 2 2 2 2 2 2 1 1 1 2 2 4 14 ishares Japan Sm Cap SCJ 45 41 41 39 35 32 28 24 22 18 17 16 15 China Large Cap FXI 17 16 15 13 13 12 9 10 8 6 8 13 16 ishares Japan EWJ 69 67 63 56 51 42 32 27 25 23 22 19 17 ishares Singapore EWS 52 55 53 52 49 48 43 36 28 26 24 18 18 ishares Asia ex Japan AAXJ 22 23 23 21 21 18 16 17 13 15 18 20 19 Gugg China Sm Cap HAO 10 8 8 6 7 8 5 6 5 8 15 17 20 ishares Emerging Markets EEM 19 20 19 18 18 17 18 18 19 18 22 22 21 VanEck Brazil Small Cap BRF 1 1 1 1 1 1 3 4 6 9 13 21 22 ishares Global 100 IOO 59 56 52 51 48 46 42 38 35 32 28 26 23 ishares Germany EWG 35 30 28 28 26 25 26 23 24 25 25 24 24 ishares Poland EPOL 6 6 6 7 9 9 12 13 14 16 20 25 25 ishares MSCI Italy EWI 7 7 7 11 11 11 13 14 20 20 21 22 26 ishares Ireland EIRL 47 36 37 37 38 37 37 37 36 35 31 28 27 VanEck Africa AFK 36 38 40 42 43 48 51 48 45 39 35 32 28 ishares ACWI Index ACWI 55 52 49 48 47 50 46 43 42 37 33 29 29 ishares France EWQ 20 21 21 22 21 20 21 25 25 27 26 27 30 ishares Hong Kong EWH 31 32 32 33 37 38 41 33 28 29 29 30 31 ishares Netherlands EWN 16 18 17 18 19 21 25 26 27 30 30 31 32 ishares ACWI ex-us ACWX 39 36 38 35 36 36 34 33 32 34 34 33 33 WTree Emg Mkt Sm Cap DivDGS 21 22 21 23 23 27 30 30 30 33 36 36 34 WTree India EPI 46 49 55 53 53 50 46 47 44 41 41 37 35 ishares EMU Index EZU 24 24 24 24 25 26 29 27 30 31 32 33 35 ishares South Africa EZA 68 71 70 68 70 69 69 70 65 59 56 54 37 ishares MSCI EAFE EFA 49 46 43 44 45 45 45 45 46 43 40 37 38 SPDR Emg Mkts Sm Cap EWX 34 33 33 34 34 35 35 38 39 38 39 41 38 WTree Euro Sm Cap Div DFE 18 19 18 18 20 22 27 31 34 39 38 40 40 ishares MSCI Emg MinVol EEMV 51 49 47 50 52 54 54 53 48 46 45 44 41 ishares DJ Euro 50 FEZ 27 26 27 27 26 31 31 32 33 36 37 37 41 Wtree Intl Hedged IHDG 71 67 64 60 55 55 53 55 50 47 42 42 41 Glb X Norway 30 NORW 12 12 11 12 12 10 11 12 17 21 27 35 41 ishares Chile ECH 11 10 9 8 8 6 7 8 12 28 51 58 45 ishares India 50 INDY 50 60 58 62 56 56 57 56 55 53 50 47 45 ishares Canada EWC 62 58 51 49 49 53 52 49 48 49 43 43 47 WWW.MUTUALFUNDINVESTORGUIDE.COM 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 ishares S&P World Property WPS 64 66 67 64 64 65 62 60 59 56 55 49 48 WTree Emg Markts HiYld DEM 43 40 39 38 41 41 46 50 50 51 49 48 49 ishares S&P Europe 350 IEV 38 35 36 36 40 39 46 50 52 51 46 46 50 VanEck Russia RSX 63 49 42 41 41 40 40 40 40 42 43 44 51 ishares Pacific ex-japan EPP 57 61 58 59 57 58 58 57 57 54 54 51 52 ishares Denmark EDEN 9 11 13 14 15 16 23 29 36 44 46 50 53 ishares MSCI U Kingdom EWU 67 64 62 61 59 59 59 60 61 61 58 56 54 ishares MSCI EAFE MinVol EFAV 61 63 60 63 62 62 61 59 60 58 57 53 55 ishares Belguim EWK 32 31 30 29 31 34 38 41 47 49 48 52 56 ishares Maylasia EWM 73 73 75 76 74 75 72 72 70 70 68 62 57 ishares Australia EWA 70 70 71 69 67 67 65 63 63 64 63 60 58 ishares Taiwan EWT 39 44 45 45 44 43 44 44 43 45 53 55 58 ishares Brazil EWZ 13 9 10 10 10 14 24 35 40 47 52 57 60 ishares Switzerland EWL 56 56 56 57 60 64 66 64 64 65 62 59 61 WTree Europe Hedged HEDJ 80 75 73 72 66 63 60 62 62 63 60 61 62 ishares New Zealand ENZL 48 48 54 55 63 66 67 71 71 72 73 72 63 ishares Spain EWP 30 42 46 54 60 61 63 64 66 66 65 64 64 ishares Philippines EPHE 83 82 79 77 76 73 69 68 68 69 71 69 65 WTree China Yuan CYB 75 75 76 75 73 70 71 68 69 68 69 65 66 Euro Currency Trust FXE 60 64 68 66 68 68 68 66 67 67 67 66 67 CurrShrs Brit Pound FXB 81 79 80 79 78 76 75 74 72 71 70 68 68 ishares Sweden EWD 28 27 26 25 29 33 38 46 53 55 59 63 69 ishares S&P Latin Am 40 ILF 14 13 14 16 17 27 33 52 54 56 60 67 70 VanEck Indonesia IDX 78 81 81 83 82 78 76 75 73 74 74 74 71 ishares Finland EFNL 25 29 31 30 33 43 56 58 58 62 66 71 72 Vanguard Intl Bond BWX 76 78 78 79 79 79 79 77 75 73 72 73 73 WTree Emg Currency CEW 78 80 81 81 82 81 80 78 76 75 75 75 74 VanEck Russia Sm Cap RSXJ 54 54 47 47 46 47 50 54 56 60 64 70 75 Wtree Asia Local Debt ALD 82 83 83 84 84 83 81 79 77 77 76 76 76 CurrShrs Can Dollar FXC 66 69 69 70 72 73 73 73 74 76 77 77 77 Glb X Greece 20 GREK 25 47 65 70 77 80 83 83 87 87 87 86 78 WTree Dreyfus Brazil Real BZF 72 72 74 74 75 77 78 80 80 78 78 78 79 Glb X Colombia GXG 53 52 56 58 65 72 77 81 81 80 80 80 80 CurrShrs Swed Krona FXS 57 62 66 65 69 70 74 76 77 79 79 79 81 CurrShrs Aust Dollar FXA 74 77 77 78 81 82 82 82 82 81 81 81 82 ishares Turkey TUR 8 17 28 39 54 59 64 67 77 82 85 84 83 WTree USD Bullish USDU 88 88 88 88 88 87 86 84 83 83 82 82 84 CurrShrs Japanese Yen FXY 85 86 86 86 86 86 87 86 85 85 83 83 85 ishares Israel Cap Invest EIS 87 87 87 87 87 88 89 89 89 89 88 88 86 CurrShrs SwissFranc FXF 84 84 85 85 85 85 85 85 84 84 84 85 87 PShares USD Bullish UUP 89 89 89 89 89 89 88 88 86 86 86 87 88 ishares Mexico EWW 32 43 60 73 79 84 84 87 88 88 89 89 89 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 77.18 0.94 2.84 1.42 1.29-2.55 2.12 1.81 7.83 7.88 CurrShrs Brit Pound FXB 129.90 0.27-0.20-0.81 0.30-0.84 4.88 6.05 8.02 8.37 CurrShrs Can Dollar FXC 77.56 1.27 1.20-0.15-0.12-2.67 4.12 5.06 5.44 5.96 CurrShrs Japanese Yen FXY 84.72-0.65 0.15-1.10-1.89-1.53-1.49-2.74 2.67 3.29 CurrShrs Swed Krona FXS 114.29 2.01 1.45 0.25 0.90-3.75 3.75 4.01 7.48 8.59 CurrShrs SwissFranc FXF 95.43 0.14 0.32-1.32-0.79-2.49-2.22-1.21 1.81 2.54 db xtrackers China ASHR 30.95 2.56 2.39 3.24-3.70 7.80 15.41 22.96 33.13 31.34 Euro Currency Trust FXE 114.24 0.85 0.73-0.35 0.23-0.14 5.63 8.45 11.72 12.71 Glb X Argentina ARGT 35.52 2.57 6.67 9.66 9.73 14.14 20.82 28.70 54.03 58.45 Glb X Colombia GXG 10.11 3.27 3.37 4.23 1.81-2.13 6.20 8.83 10.86 12.51 Glb X Greece 20 GREK 10.32 4.24 11.21 9.90 15.96 12.30 4.56 30.63 32.48 35.42 Glb X Nigeria NGE 22.10-0.67-3.07 4.34 5.24 6.25 21.50 37.44 29.69 29.87 Glb X Norway 30 NORW 13.17 2.25 1.86 0.38-2.01-3.73 17.28 17.69 19.29 21.71 Gugg China RE TAO 29.48 0.92 1.45 0.07-1.86 2.15 16.15 26.25 50.79 53.09 Gugg China Sm Cap HAO 29.96 2.74 4.03 2.64-1.25 4.21 16.44 20.32 34.41 37.46 ishares ACWI ex-us ACWX 49.68 1.54 1.80 1.66 0.68 4.43 9.97 16.56 26.51 27.46 ishares ACWI Index ACWI 72.00 0.97 1.48 1.58 2.14 6.24 10.61 16.39 24.18 23.86 ishares All Peru EPU 40.72 10.77 5.02 1.21 0.06 7.97 22.21 25.39 28.87 31.44 ishares Asia ex Japan AAXJ 75.57 1.79 1.99 2.25-1.97 7.30 12.29 21.81 40.44 42.52 ishares Australia EWA 22.97 1.71 3.86 3.00 2.59 3.95 10.08 8.45 18.85 19.02 ishares Austria EWO 24.55 5.74 4.00 2.84 4.44 6.42 20.11 37.59 51.91 52.65 ishares Belguim EWK 20.75 0.98 0.21-0.45-0.50 0.79 7.38 13.25 22.11 24.31 ishares Brazil EWZ 39.51 2.89 2.23 2.18-2.40-4.57 17.30 8.63 20.59 27.88 ishares Canada EWC 29.17 1.87 1.38 0.59 0.52 2.44 11.78 11.89 13.90 13.64 ishares Chile ECH 51.68 9.13 18.37 14.60 9.87 6.42 22.12 21.80 40.48 43.32 ishares China Large Cap FXI 45.98 2.50 2.97 2.37-2.95 8.08 16.57 20.59 35.70 38.29 ishares Denmark EDEN 66.68 2.38 2.35 1.82 2.21-0.73 6.62 22.56 33.57 35.92 ishares DJ Euro 50 FEZ 40.95 0.61-0.30 0.02 0.23 0.87 6.26 15.27 25.54 27.02 ishares Emerging Markets EEM 46.50 2.24 2.75 2.98-1.27 5.82 12.66 19.45 35.46 39.15 ishares EMU Index EZU 43.49 1.04-0.07 0.60 1.09 2.22 7.77 17.89 28.21 29.64 ishares Finland EFNL 39.21 1.96 2.04 0.94 0.05-1.50 0.38 14.87 23.11 25.20 ishares France EWQ 31.19 1.11 0.05 0.37 0.89 2.20 7.99 20.17 28.98 30.57 ishares Germany EWG 33.10 0.46 0.13 0.71 1.11 4.15 8.51 18.18 27.73 28.75 ishares Global 100 IOO 92.81 0.34 1.37 1.31 2.21 6.80 10.46 16.64 23.83 23.28 ishares Hong Kong EWH 25.13 1.83 2.39 1.07-0.68 5.66 9.09 17.79 34.91 34.77 ishares India 50 INDY 37.05 1.45 2.85 5.19 2.48 9.15 8.67 16.25 35.89 38.32 ishares Ireland EIRL 47.57 1.24 1.41 3.09 3.40 6.15 10.50 20.23 28.68 30.49 ishares Israel Cap Invest EIS 50.86 1.45 3.17 3.34 6.61 3.90-4.97 0.25 11.83 12.07 ishares Japan EWJ 60.01 0.85 1.36 1.29 1.42 8.74 12.07 17.14 24.43 22.40 ishares Japan Sm Cap SCJ 79.49 0.36 1.79 1.95 1.48 9.13 13.69 20.42 31.11 31.54 ishares Maylasia EWM 32.28 0.57 2.68 3.59 3.08 3.94 5.10 10.86 21.65 23.27 ishares Mexico EWW 48.16-2.70-2.76-3.59-5.41-12.49-10.31-4.51 11.84 13.68 ishares MSCI EAFE EFA 70.11 1.26 1.45 1.47 1.55 4.20 8.59 15.57 24.72 25.15 ishares MSCI EAFE MinVol EFAV 72.49 0.11 0.26 0.22 0.96 2.80 4.42 11.93 21.42 22.55 ishares MSCI Emg MinVol EEMV 60.19 1.87 2.90 3.42 1.20 5.78 9.53 14.71 26.08 28.53 ishares MSCI Italy EWI 30.73 1.74-1.44 0.13 0.39-0.71 11.55 22.16 29.93 31.94 ishares MSCI U Kingdom EWU 35.33 1.91 2.70 3.05 3.17 3.95 8.59 13.10 19.88 21.18 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 Netherlands EWN 31.64 0.73 0.82 1.46 1.30 2.94 9.57 19.23 33.35 34.41 ishares New Zealand ENZL 47.26 0.94 4.64 4.60 5.98 2.53 4.80 17.85 23.49 24.18 ishares Pacific ex-japan EPP 47.30 1.48 2.94 1.97 1.33 4.69 9.76 11.92 24.73 24.70 ishares Philippines EPHE 38.22 1.47 2.95 5.24 2.81 3.20 5.13 12.18 18.34 25.66 ishares Poland EPOL 26.73 2.73 2.65 2.97-0.50 2.38 11.64 22.98 50.40 52.76 ishares S&P Europe 350 IEV 47.10 1.32 1.06 1.15 1.41 2.13 6.82 15.13 24.41 25.74 ishares S&P Latin Am 40 ILF 33.45 3.27 3.46 2.55-1.35-4.43 11.76 8.21 23.55 27.72 ishares S&P World Property WPS 39.04 0.06 1.39 1.62 1.80 4.82 7.66 13.94 21.43 23.07 ishares Singapore EWS 25.74-0.38-0.04-0.38-0.16 8.60 12.73 17.83 33.80 33.66 ishares South Africa EZA 67.70 8.63 11.21 7.62 7.72 14.89 17.36 17.32 31.58 38.31 ishares South Korea EWY 72.57-0.49 0.33-0.46-3.47 8.48 9.28 19.67 40.41 41.60 ishares Spain EWP 32.92 1.49-0.06 0.36 2.36 0.79 3.02 10.55 27.56 28.68 ishares Sweden EWD 34.04 2.54 1.27 0.74-0.78-3.12 2.69 11.00 22.36 24.00 ishares Switzerland EWL 35.19 0.28 1.00 0.17 0.60 1.18 2.09 11.47 21.99 22.95 ishares Taiwan EWT 35.80 0.69 1.50-0.48-3.91 2.49 1.41 8.81 25.38 26.71 ishares Thailand Invest THD 91.81 0.77 2.02 3.07 2.33 7.52 17.79 20.72 30.47 35.24 ishares Turkey TUR 41.98 3.36 4.08 10.35 8.25 1.25 0.55 18.39 32.90 33.06 MV Africa AFK 24.13 1.02 2.20 1.52 1.27 5.25 14.02 17.79 24.45 27.88 MV Brazil Small Cap BRF 22.72 2.17 2.00 2.48-2.07-3.66 23.60 22.08 49.82 55.49 MV Egypt EGPT 32.54-0.02-0.14-0.05 4.94 16.08 20.03 17.66 24.22 24.97 MV India Sm Cap SCIF 66.82 4.57 3.86 5.81 5.29 20.53 17.94 29.01 64.07 67.74 MV Indonesia IDX 24.39 1.54 3.18 5.24 2.38 4.88 2.04 9.45 17.08 23.73 MV Russia RSX 21.11 0.44 2.12 2.64-2.15-0.96 16.55 6.21 3.80 7.06 MV Russia Sm Cap RSXJ 39.94 2.32 2.67 0.95-1.59-2.79 6.75 4.62 8.79 10.31 MV Vietnam VNM 17.02 2.54 2.91 2.42 1.87 16.68 15.04 22.95 31.72 36.86 PShares USD Bullish UUP 24.27-0.56-0.60 0.51 0.22 0.93-3.56-5.11-8.19-8.84 PwrShrs Golden Dragon PGJ 45.06 4.41 6.53 6.85-0.93 7.53 18.32 36.10 61.09 61.54 SPDR Emg Mkts Sm Cap EWX 51.12 2.51 4.05 3.21 2.08 6.15 11.48 15.49 31.85 33.95 Vanguard Intl Bond BWX 28.22-0.13 0.16-1.07-0.38-0.30 2.79 5.71 9.12 10.57 Wtree Asia Local Debt ALD 45.61-0.04 0.33-0.11 0.66-0.18 2.06 3.40 8.76 8.60 WTree China Yuan CYB 25.87-0.12 0.90 0.90 0.15 1.49 5.63 6.50 11.22 10.32 WTree Dreyfus Brazil Real BZF 18.93 3.90 3.33 2.32 1.28-0.05 6.23 3.22 11.09 11.42 WTree Emg Currency CEW 19.25 0.63 1.05 0.42 0.52 0.63 2.94 4.68 10.06 10.25 WTree Emg Markts HiYld DEM 44.93 2.70 4.00 3.79 2.18 5.20 11.51 12.11 24.30 27.13 WTree Emg Mkt Sm Cap Div DGS 51.17 3.04 4.96 3.69 2.65 5.54 12.84 16.27 34.28 37.10 WTree Euro Sm Cap Div DFE 69.75 1.94 1.59 1.41 1.97 1.61 9.75 20.31 30.62 32.82 WTree Europe Hedged HEDJ 64.74 0.33 0.09 0.89 0.56 1.81 0.36 6.58 15.01 15.41 WTree India EPI 27.70 2.03 2.94 5.16 2.74 10.84 11.60 17.02 38.31 41.29 Wtree Intl Hedged IHDG 31.77 0.77 0.53 1.54 0.77 4.88 4.91 13.28 22.26 22.77 WTree Japan Hedged DXJ 60.08 2.58 2.58 3.55 4.41 11.13 16.71 20.80 23.34 20.34 WTree Japan Sm Cap Div DFJ 80.63 0.52 2.02 2.31 2.44 9.04 14.52 20.43 31.40 30.66 WTree USD Bullish USDU 25.95-0.73-0.80 0.39 0.15 1.13-2.33-3.64-7.22-8.24 WWW.MUTUALFUNDINVESTORGUIDE.COM 13

ETF INTERNATIONAL RETURNS PERIOD PORTFOLIO MSCI EAFE S&P 500 Nasdaq Dow YTD 17.21 20.71 19.85 29.29 25.26 1 Week 2.09 1.23 0.28 0.34 0.42 4 Week -1.38 0.49 3.11 1.03 5.08 13 Week -4.80 2.79 7.24 8.29 10.76 26 Week 4.82 7.59 10.05 11.09 15.70 1 Year 19.40 21.39 18.53 27.41 24.18 Inception* 47.87 43.90 113.37 167.16 102.61 *Inception on 12/31/2011 INTERNATIONAL PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 1 VanEck Vietnam VNM 827.58 17.02 $14,085.33 12/04/17 9.53% 2 VanEck Egypt EGPT 405.05 32.54 $13,180.46 12/18/17 8.91% 4 Glb X Nigeria NGE 566.06 22.10 $12,509.90 12/11/17 8.46% 5 VanEck India Sm Cap SCIF 227.12 66.82 $15,176.36 12/04/17 10.26% 6 ishares Thailand Invest THD 139.54 91.81 $12,810.80 12/11/17 8.66% 8 ishares Austria EWO 846.76 24.55 $20,787.96 04/24/17 14.06% 8 ishares South Korea EWY 202.27 72.57 $14,678.60 11/20/17 9.93% 10 db xtrackers China ASHR 516.39 30.95 $15,982.40 11/13/17 10.81% 12 ishares All Peru EPU 336.28 40.72 $13,693.45 10/23/17 9.26% 14 Gugg China RE TAO 507.58 29.48 $14,963.60 08/07/17 10.12% $147,868.87 100.00% 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 293.30 38.00 $11,145.37 44.87 $13,229.07 $2,083.70 WWW.MUTUALFUNDINVESTORGUIDE.COM 14

ETF BLENDED PORTFOLIO PERIOD PORTFOLIO S&P 500 Nasdaq RUSSELL 2000 MSCI EAFE YTD 10.52 19.85 29.29 13.69 20.71 1 Week 1.60 0.28 0.34 0.82 1.23 4 Week -0.72 3.11 1.03 1.56 0.49 13 Week -0.08 7.24 8.29 6.35 2.79 26 Week 7.04 10.05 11.09 9.06 7.59 1 Year 7.58 18.53 27.41 12.50 21.39 Inception* -2.04 45.17 66.64 49.33 32.60 *Inception on 12/31/2013 BLENDED PORTFOLIO HOLDINGS RANK FUND SYMBOL SHARES PRICE VALUE Date Purchased PERCENT 2 ishares US Home Constr ITB 195.43 43.37 $8,475.90 06/26/17 8.65% 4 Guggenheim Solar TAN 477.48 25.29 $12,075.43 07/10/17 12.33% 8 ishares US Broker Dealers IAI 152.22 63.11 $9,606.88 08/21/17 9.81% 9 SPDR Cap Markets KCE 167.55 57.91 $9,702.71 08/15/16 9.90% 10 PowerShares Clean Energy PBW 490.08 25.41 $12,452.88 03/13/17 12.71% 12 VanEck Vietnam VNM 580.02 17.02 $9,871.96 05/15/17 10.08% 14 ishares NA Technology IGM 47.64 169.95 $8,096.75 08/28/17 8.27% 35 ishares MSCI Peru EPU 196.53 40.72 $8,002.84 08/21/17 8.17% 37 China Real Estate TAO 392.12 29.48 $11,559.70 07/10/17 11.80% 167 PowerShares USD Bullish UUP 334.42 24.27 $8,116.36 08/21/17 8.29% $97,961.41 100.00% 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 WWW.MUTUALFUNDINVESTORGUIDE.COM 15

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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) 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