THE ETF Investor Guide

MUTUAL FUND Investor Guide THE ETF Investor Guide mutualfundinvestorguide.com FEBRUARY 2015 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. IN THIS ISSUE 1 Perspective 2 Portfolio Updates 3 Model Portfolios 5 Data & Rankings 15 AdvisorShares TrimTabs Float Shrink (TTFS) Market Perspective: S&P 500 Rallies to New High on Strong Earnings and Economic Data The S&P 500 Index and Russell 2000 Index closed at all-time highs on February 13. The entirety of the move into record territory came in the first two weeks of February following strong U.S. economic data. The mood surrounding Greece s bailout negotiations also improved, thinning a cloud that has been hanging over the market for weeks. The Dow Jones Industrial Average finished very close to its all-time high. The Nasdaq is still below its high, set back in 2000, but it has been a market driver thanks to strong earnings. Apple (AAPL) reported the largest quarterly profit of any publicly traded company in history, raking in $18 billion in the fourth quarter as the strong dollar failed to deter global iphone fans. The month also closed with a strong earnings report from Cisco (CSCO) that gave a second wind to the rally in technology shares. Strong job and wage growth were two big positives for the markets over the past month. Since late 2014, the economy has gone through one of its best stretches of job creation since the 1990s, while wage growth is at its strongest since the 2008 crisis. GDP growth was decent in the fourth quarter, but we re likely to see those numbers reduced at the end of February when the second estimate is announced. The first estimate announced at the end of January noted fourth quarter GDP growth at 2.6 percent, but much of that growth came from the Bureau of Economic Analysis estimating strong increases in inventories. In February, the actual data came out and showed inventory growth was almost flat. When companies add to inventories, GDP growth increases, and when they reduce inventories, it subtracts from GDP. Roughly 0.8 percent of the 2.6 percent estimated growth last quarter was based on estimated inventory growth. On the bright side, inventory growth fluctuates, and we may see a pickup over the coming months, which will help GDP in 2015. European data also improved, with the eurozone s GDP growth for the fourth quarter beating estimates. The real winner was Germany, which saw its GDP increase 0.7 percent from the prior quarter and benefited from a weak euro due to its large export sectors. Low oil prices are also good news for the eurozone, since the region produces very little oil. There have been some concerns though, considering the Swiss National Bank ended its peg to the euro. The fallout continues to spread in Europe, with Denmark cutting its interest rates to below zero, low enough that at least one bank is offering negative interest mortgages. This week, Sweden s Riksbank cut interest rates below zero as well, as these nations try to stop capital from flowing into their non-euro currencies. The outstanding issue is the Greek sovereign debt crisis, which has yet to reach a resolution. Prior bailouts added more debt to an already unsustainable amount, but it only worked to delay a crisis for five years. Europe may yet add more debt to Greece s already dire situation and kick the can down the road once again, or it may finally work toward a solution. Whatever happens with Greece, it will serve as a precedent for other debtor nations such as Spain and Italy. An anti-austerity party has jumped into the lead in Spain, with elections in December. If Greece gets a new deal, Spain will want the same. Heading into the middle of the month, Greece was toning down its rhetoric. The Germans appeared willing to make an example of the Greeks and push them out of the eurozone if need be. Since the Greek people and the current government wish to remain in the eurozone, they are the ones with the weakest hand. Any deal is good news for the markets in the short term because investors were starting to price in a Greek exit from the eurozone. Domestically, earnings season continues to deliver solid results. Through mid-month, 391 companies out of the S&P 500 had reported earnings. FactSet Research reports that the earnings growth rate from these firms, plus the estimates on the firms yet to report, was 3.1 percent, faster than the 1.7 percent growth predicted at the start of 2015. As you might guess, the energy sector is responsible for most of the weakness in earnings, while healthcare and telecom pulled profits higher. Nearly 80 percent of companies are beating their earnings estimates. Apple (AAPL), General Motors (GM) and Cisco (CSCO) are some of the firms that have beaten estimates and pulled the market higher in the process. The current quarter appears mixed as energy continues to struggle. Companies that have given guidance for first quarter earnings in 2015 have been negative by a ratio of 6 to 1. Analysts have been lowering their estimates as well, and the current drop in (continued on page 2) 1

THE ETF Investor Guide Market Perspective: S&P 500 Rallies to New High on Strong Earnings and Economic Data (continued) estimates is the largest since 2009. The market is holding up well because nearly all of these reductions are coming from the energy sector. That sector s first quarter earnings estimates are down nearly 50 percent, worse than in 2009. In terms of sector performance, energy rebounded strongly in February. The decline in earnings estimates is baked into stock prices, and the rebound in oil prices, if it holds, may lead analysts to change their negative forecasts for the energy sector. Another sector performing well is financials. The sector struggled in early 2015 due to falling interest rates, but the past couple of weeks have seen interest rates move sharply higher. Portfolio Updates The month ending February 15 was positive for the markets, but all of the gains came over the last two weeks. The S&P 500 Index gained 5.24 percent for the month, and year to date it is up 1.85 percent. The Dow Jones Industrial Average saw similar results, up 4.03 percent on the month and 1.10 percent in 2015. The Nasdaq has been stronger thus far; it rallied 7.07 percent last month and is up 3.33 percent this year. The Russell 2000 climbed 5.93 percent in the prior month and has gained 1.53 percent this year. The MSCI EAFE, boosted by the launch of European quantitative easing, increased 5.41 percent last month, lifting the 2015 return to 3.63 percent. We will make one change to the portfolios this month. We will sell FirstTrust ISE Revere Natural Gas (FCG) and purchase Utilities Select SPDR (XLU) with the proceeds. XLU suffered one of its worst losses in history on a relative basis, trailing the S&P 500 Index by more than 10 percent over the past two weeks. This was an overreaction by traders in the wake of higher interest rates. Utilities and real estate have headed in the other direction. Those two sectors had been among the best performers to start the year, but the shift in interest rates has led to a reversal of fortune. Dividend paying ETFs and other high yielding sectors also lagged. It s too early to tell if the rebound in interest rates is a long-term move or a short-term bounce though, given the very large decline in interest rates that came in the prior month. The 10-year Treasury went from a yield of 2.3 percent at the end of December to a yield of 1.7 percent by the start of February, before sharply bouncing to 2.0 percent. The ETF Aggressive Sector Portfolio increased 4.64 percent over the past month and is up 3.02 percent this year. Technology has been the best sector to date, thanks to an earnings driven rally. ishares North American Software (IGV) climbed 9.07 percent last month, leading the portfolio by a wide margin. Defensive sectors such as consumer staples lagged, with Consumer Staples Select SPDR (XLP) up only 1.27 percent on the month. Year to date, the performance for staples is stronger though, since shares did well early in the year. The ETF Straight Growth Portfolio gained 5.05 percent last month, led by a 6.97 percent advance in Rydex S&P Mid- Cap 400 Pure Growth (RFG). Growth certainly saw the best returns last month, but the normally defensive ishares U.S. Pharmaceuticals (IHE) also continued its strong run. It climbed 6.80 percent last month, helping lift the healthcare sector. Vanguard Dividend Appreciation (VIG), which has a growth tilt, climbed 4.07 percent. ishares Core High Dividend (HDV) lagged with a 2.98 percent return. Dividend payers were hurt by the spike in interest rates. The ETF Balanced Growth Portfolio increased 3.05 percent last month and is up 2.13 percent this year. Guggenheim S&P 500 Pure Growth (RPG) rallied 6.48 percent and delivered a large chunk of the portfolio s gains. ishares High Dividend (HDV) rallied 2.98 percent, and SPDR Barclays Convertible Securities (CWB) advanced 3.72 percent. ishares High Yield Corporate Bond (HYG) rebounded 2.53 percent as investors returned to the sector in search of income. The ETF Conservative Income Portfolio increased 2.66 percent last month, lifting the 2015 return to 1.64 percent. This income oriented portfolio delivered a solid result considering it has nearly 20 percent of assets in PIMCO Enhanced Short Maturity (MINT). ishares S&P 500 Index (IVV) The markets have several things working in their favor: strong earnings, solid GDP growth and Europe showing some positive signs with the central bank providing a quantitative easing plan. Working against the market is Greece to some degree, which could be a nonissue soon, and the slowdown in China, which could weigh on the global economy later in the year. Higher oil prices would be good news for the market here, since it would lift the energy sector, signal the slowdown in China is stabilizing and alleviate fears of widening deflation. While the markets have been volatile over the first six weeks of 2015, the outlook remains positive for the considerable future. delivered about one-quarter of the portfolio gains last month thanks to its 5.41 percent rally. ishares Core High Dividend (HDV) and ishares High Yield Corporate Bond (HYG) each contributed moderate gains. The ETF Global Portfolio popped 6.69 percent last month and is up 5.22 percent in 2015. WisdomTree Europe Hedged Equity (HEDJ) rallied 9.21 percent and is up 10.95 percent this year. The European Central Bank s decision to launch quantitative easing has boosted stocks while sending the euro lower, which is the exact situation HEDJ is designed to thrive in. The rest of the portfolio did well too thanks to strength in the developed markets. Behind HEDJ, PowerShares International Dividend Achievers (PID) was the next best performer, up 6.15 percent for the month. The ETF Aggressive Value Portfolio gained 10.32 percent last month and is up 4.47 percent in 2015. Oil finally rebounded, and that lifted three of the holdings to sizable gains. Market Vectors Russia (RSX) gained 22.87 percent, aided by its heavy exposure to energy firms. The gains have come even without a rebound in the ruble, which remains near its 52-week low. Vanguard European Stock (VGK) and Vanguard Information Technology (VGT) were also in the eye of the bullish storm last month. The ETF Absolute Return Portfolio slipped 0.59 percent last month but remains up 0.89 percent this year. Utilities Select SPDR (XLU) was responsible for the portfolio s loss last month, as the fund slipped (continued on page 16) 2 FEBRUARY 2015 PHONE: (888) 252-5372

Model Portfolios (Data provided as of 2/15/15) ETF AGGRESSIVE SECTOR PORTFOLIO Ticker Name Price Shares Allocation 1-Month YTD Value IYK ishares US Cons Non-Cyc 106.66 151.40 9.04% 3.13% 1.81% $16,148.64 XBI SPDR Biotech 203.40 92.94 10.58% 5.88% 9.09% $18,904.64 IGV ishares NA Software 96.57 200.56 10.84% 9.07% 4.06% $19,368.51 FHLC Fidelity MSCI Healthcare 34.19 1031.37 19.74% 2.86% 3.92% $35,262.45 XLP Cons Staples Select SPDR 49.50 520.52 14.43% 1.27% 2.08% $25,765.58 IYF ishares US Financial 90.01 397.53 20.03% 5.18% -0.21% $35,781.33 XLK Technology Select Sect SPDR 42.65 641.76 15.33% 6.65% 3.14% $27,370.97 TOTAL 100.00% 4.64% 3.02% $178,602.12 ETF STRAIGHT GROWTH PORTFOLIO Ticker Name Price Shares Allocation 1-Month YTD Value HDV ishares Core High Dividend 78.19 665.08 30.43% 2.98% 2.16% $52,002.93 VIG Vanguard Div Appreciation 82.39 374.01 18.03% 4.07% 1.52% $30,814.58 SPY SPDR S&P 500 209.78 97.17 11.93% 6.01% 2.64% $20,384.72 IHE ishares DJ US Pharma 163.48 237.77 22.75% 6.80% 7.98% $38,871.17 RFG Rydex S&P MidCap 400 Pure 127.30 226.27 16.86% 6.97% 4.52% $28,803.77 TOTAL 100.00% 5.05% 3.76% $170,877.16 ETF BALANCED GROWTH PORTFOLIO Ticker Name Price Shares Allocation 1-Month YTD Value HDV ishares Core High Dividend 78.19 787.67 42.32% 2.98% 2.16% $61,587.72 RPG Gugg S&P 500 Pure Growth 82.15 249.27 14.07% 6.48% 3.31% $20,477.58 HYG ishares High Yield Bond 91.12 280.72 17.57% 2.53% 2.53% $25,579.05 MINT PIMCO Short Maturity 101.06 200.17 13.90% 0.06% 0.06% $20,229.12 CWB SPDR Barc Convertible Secs 47.69 370.51 12.14% 3.72% 7.08% $17,669.44 TOTAL 100.00% 3.05% 2.13% $145,542.91 ETF CONSERVATIVE INCOME PORTFOLIO Ticker Name Price Shares Allocation 1-Month YTD Value HDV ishares Core High Dividend 78.19 488.53 28.17% 2.98% 2.16% $38,198.39 HYG ishares High Yield Bond 91.12 459.06 30.84% 2.53% 2.36% $41,829.12 IVV ishares S&P 500 Index 211.28 88.09 13.72% 5.41% 2.13% $18,611.62 MINT PIMCO EnhShort Maturity 101.06 254.67 18.98% 0.06% 0.06% $25,736.73 CWB SPDR Barc Convertible Secs 47.69 235.69 8.29% 3.72% 7.08% $11,240.07 TOTAL 100.00% 2.66% 1.64% $135,615.93 ETF GLOBAL PORTFOLIO Ticker Name Price Shares Allocation 1-Month YTD Value HEDJ WTree Europe Hedged 61.99 593.53 25.89% 9.21% 10.95% $36,792.98 PID PwrShrs Int'l Divid Ach. 18.30 2245.90 28.92% 6.15% 4.51% $41,099.94 IOO ishares S&P Global 100 78.17 348.64 19.17% 5.27% 3.32% $27,253.56 IDV ishares DJ Intl Select Div 35.30 1047.85 26.02% 5.91% 5.25% $36,989.14 TOTAL 100.00% 6.69% 5.22% $142,135.62 ETF AGGRESSIVE VALUE PORTFOLIO Ticker Name Price Shares Allocation 1-Month YTD Value IJR ishares Core Small Cap 115.87 249.52 25.61% 5.91% 1.59% $28,911.48 XLU Utilities Select Sector SPDR 45.17 297.90 11.92% N/A N/A $13,456.33 DBE PwrShrs DB Energy 17.43 585.63 9.04% 14.82% -0.23% $10,207.53 VGT Vanguard Info Tech 108.04 335.66 32.12% 7.46% 3.41% $36,264.74 VGK Vanguard European Stock 54.96 244.50 11.90% 6.82% 4.87% $13,437.76 RSX Market Vectors Russia 18.05 588.80 9.41% 22.87% 23.38% $10,627.86 TOTAL 100.00% 10.32% 4.47% $112,905.71 ETF ABSOLUTE RETURN/DOWN MARKET PORTFOLIO Ticker Name Price Shares Allocation 1-Month YTD Value XLP Cons Staples Select SPDR 49.50 432.98 23.00% 1.27% 2.08% $21,432.27 XLU Utilities Select Sector SPDR 45.17 295.94 14.34% -6.29% -4.34% $13,367.67 IAU ishares Comex Gold 11.89 781.32 9.97% -2.38% 3.93% $9,289.88 UUP PwrShrs DB Dollar Bullish 24.91 657.91 17.59% 1.76% 3.92% $16,388.54 MINT PIMCO Short Maturity 101.06 323.69 35.10% 0.06% 0.06% $32,712.00 TOTAL 100.00% -0.59% 0.89% $93,190.35 www.mutualfundinvestorguide.com FEBRUARY 2015 3

THE ETF Investor Guide Data & Rankings (Data provided as of 2/15/15) % Return (3 and 5 Years Annualized) Symbol Name NAV Rank Advice YTD 1 Month 3 Month 1 Year 5 Year LARGE CAP GROWTH FTC First Trust Large Cap Gr AlphaDEX ETF 47.74 90 Buy 2.76 3.92 5.10 16.82 18.87 17.35 1.04 10.44 0.65 IUSG ishares Core US Growth 81.08 90 Hold 3.50 5.12 4.66 16.20 17.78 17.23 1.67 1.00 9.66 0.09 IVW ishares S&P 500 Growth 115.03 92 Strong Buy 3.07 3.96 3.89 17.70 18.66 17.47 1.74 0.96 9.18 0.18 IWF ishares Russell 1000 Growth 99.26 94 Buy 3.82 5.23 4.67 16.87 17.90 17.22 1.59 0.98 9.51 0.20 JKE ishares Morningstar Large-Cap Growth 118.72 93 Buy 4.91 6.59 5.80 18.85 19.03 17.44 1.46 0.99 10.20 0.25 MGK Vanguard Mega Cap Growth ETF 84.24 83 Buy 3.65 5.39 4.67 17.42 18.71 17.51 1.37 1.00 9.85 0.11 ONEQ Fidelity Nasdaq Composite Tr Stk ETF 192.45 89 Buy 3.59 5.06 5.03 16.64 19.99 18.73 0.88 1.08 11.07 0.21 PWB PowerShares Dynamic Large Cap Growth ETF 30.11 92 Buy 2.90 4.58 5.49 16.02 20.81 17.96 0.49 0.97 9.97 0.58 QQEW First Trust NAAQ-100 Equal Wtd ETF 44.03 95 Buy 2.80 5.23 5.59 18.69 20.29 19.10 1.14 12.01 0.60 QQQ PowerShares QQQ ETF 106.91 95 Strong Buy 3.54 5.31 4.28 21.11 20.82 20.88 0.45 1.07 11.40 0.20 QQXT First Trust NAAQ-100 ex-tech Sect ETF 41.19 97 Buy 2.98 5.64 5.98 16.60 21.79 19.88 1.05 11.33 0.60 RPG Guggenheim S&P 500 Pure Growth ETF 82.15 94 Strong Buy 3.31 4.38 3.92 13.66 20.95 20.79 1.09 11.31 0.35 SPYG SPDR S&P 500 Growth ETF 99.50 91 Strong Buy 2.75 3.93 3.90 17.50 18.66 17.57 1.33 0.96 9.17 0.15 VUG Vanguard Growth ETF 108.09 82 Buy 3.54 5.20 4.60 16.92 18.37 17.59 1.25 1.01 9.91 0.09 LARGE CAP BLEND DGRO ishares Core Dividend Growth 26.73 86 Buy 0.77 2.34 2.95 0.12 DSI ishares MSCI KLD 400 Social 77.75 88 Buy 1.51 3.02 3.05 14.36 17.48 15.23 1.35 1.00 9.42 0.50 EPS WisdomTree Earnings 500 ETF 72.96 89 Buy 1.36 3.90 2.93 16.99 17.54 16.17 1.03 9.69 0.28 EXT WisdomTree Total Earnings ETF 75.16 92 Buy 1.09 4.20 3.18 16.34 17.47 16.47 1.05 9.86 0.28 FEX First Trust Large Cap Core AlphaDEX ETF 46.98 90 Buy 2.96 5.24 5.15 16.78 18.31 17.41 1.08 10.41 0.64 ITOT ishares Core S&P Total US Stock Mkt 95.91 94 Buy 2.15 3.97 3.54 16.32 18.05 16.79 1.99 1.01 9.39 0.07 IVV ishares Core S&P 500 211.28 95 Strong Buy 2.13 3.79 3.36 16.96 18.20 16.58 2.09 1.00 9.31 0.07 IWB ishares Russell 1000 117.32 88 Buy 2.35 3.95 3.57 16.30 18.24 16.72 1.91 1.00 9.36 0.15 IWL ishares Russell Top 200 47.61 89 Buy 0.87 3.57 2.70 16.46 17.89 16.11 2.14 1.00 9.29 0.15 IWV ishares Russell 3000 125.09 83 Buy 2.29 3.99 3.68 15.53 17.95 16.65 1.81 1.01 9.50 0.20 IYY ishares Dow Jones US 105.75 93 Buy 2.11 3.89 3.60 15.82 17.89 16.59 1.84 1.01 9.43 0.20 JKD ishares Morningstar Large-Cap 123.43 95 Buy -0.08 1.19 1.79 18.03 19.49 17.03 1.81 1.00 9.62 0.20 KLD ishares MSCI USA ESG Select 86.87 83 Buy 0.88 2.80 2.15 14.37 15.16 14.67 1.55 1.01 9.69 0.50 MGC Vanguard Mega Cap ETF 71.68 85 Buy 2.04 3.91 3.24 16.66 18.13 16.40 2.01 0.99 9.25 0.11 MOAT Market Vectors Mstar Wide Moat ETF 31.02 84 Strong Buy -0.19 6.16-1.24 8.55 1.32 0.49 OEF ishares S&P 100 92.66 89 Buy 1.89 3.57 2.40 16.54 17.16 15.60 2.27 0.99 9.31 0.20 ONEK SPDR Russell 1000 ETF 98.76 89 Buy 1.98 4.13 3.20 16.06 18.20 16.68 1.72 1.00 9.33 0.11 PBP PowerShares S&P 500 BuyWrite ETF 20.81 76 Buy 0.39 1.54 1.26 4.87 6.34 7.20 1.43 0.54 6.17 0.75 PFM PowerShares Dividend Achievers ETF 21.87 93 Buy 0.78 2.29 2.25 14.94 14.81 14.74 2.74 0.86 8.67 0.55 PKW PowerShares Buyback Achievers ETF 49.38 85 Hold 2.77 4.62 5.72 18.00 21.46 20.65 0.39 1.06 10.35 0.68 PXLC PowerShares Fundamental Pure Lg Core ETF 40.66 92 Buy 0.05 2.33 3.02 17.07 18.85 16.48 1.67 0.95 9.24 0.39 RSP Guggenheim S&P 500 Equal Weight ETF 81.91 94 Buy 2.32 4.66 4.33 17.01 19.24 18.02 1.05 10.04 0.40 SPHQ PowerShares S&P 500 High Quality ETF 23.60 90 Strong Buy 1.37 2.79 4.16 19.97 18.77 19.28 2.01 0.90 8.79 0.29 SPY SPDR S&P 500 ETF 209.78 94 Strong Buy 2.06 3.81 3.30 16.87 18.11 16.53 1.00 9.29 0.09 THRK SPDR Russell 3000 ETF 156.89 87 Buy 1.40 4.04 3.72 15.67 17.99 16.74 1.68 1.02 9.50 0.10 VIG Vanguard Dividend Appreciation ETF 82.39 88 Strong Buy 1.52 3.00 3.31 15.00 15.35 14.88 2.08 0.95 9.23 0.10 VTI Vanguard Total Stock Market ETF 108.47 83 Hold 2.33 4.02 3.69 15.75 18.11 16.91 1.88 1.02 9.53 0.05 VV Vanguard Large-Cap ETF 96.51 85 Buy 2.24 3.95 3.54 16.60 18.18 16.70 1.92 1.00 9.32 0.09 XLG Guggenheim Russell Top 50 Mega Cap ETF 144.77 91 Buy 2.17 3.79 2.04 16.13 16.43 14.83 0.99 9.50 0.20 LARGE CAP VALUE CVY Guggenheim Multi-Asset Income ETF 23.05 76 Hold 3.04 5.98-1.43-1.34 7.72 11.44 5.38 0.86 9.72 0.84 DEF Guggenheim Defensive Equity ETF 38.91 96 Strong Buy 3.15 2.37 3.99 17.95 15.10 16.26 0.64 8.31 0.66 DHS WisdomTree Equity Income ETF 62.61 93 Buy 1.85 2.45 2.70 18.22 16.83 17.81 0.74 8.43 0.38 DIA SPDR Dow Jones Industrial Average ETF 180.34 93 Buy 1.47 2.56 2.78 14.94 14.55 14.99 0.98 9.45 0.17 DLN WisdomTree LargeCap Dividend ETF 75.28 90 Buy 1.62 2.97 2.66 17.93 16.74 16.78 0.89 8.64 0.28 DTD WisdomTree Total Dividend ETF 75.94 91 Buy 1.68 3.07 3.08 17.98 16.97 16.96 0.90 8.70 0.28 DTN WisdomTree Dividend ex-financials ETF 77.58 90 Buy 1.24 3.19 3.61 18.26 17.01 18.35 0.88 8.83 0.38 EZY WisdomTree LargeCap Value ETF 66.55 86 Buy 2.19 5.54 6.15 18.33 17.37 16.15 1.01 9.81 0.38 FDL First Trust Morningstar Div Leaders ETF 24.41 96 Strong Buy 1.84 2.35 1.87 15.79 16.00 16.44 0.60 8.41 0.45 FTA First Trust Large Cap Val AlphaDEX ETF 45.11 85 Buy 3.18 6.52 5.02 16.95 17.72 17.21 1.10 11.00 0.64 4 FEBRUARY 2015 PHONE: (888) 252-5372

% Return (3 and 5 Years Annualized) Symbol Name NAV Rank Advice YTD 1 Month 3 Month 1 Year 5 Year LARGE CAP VALUE (continued) FVD First Trust Value Line Dividend ETF 24.33 91 Strong Buy 0.71 1.54 3.49 18.02 16.65 16.46 0.85 8.94 0.70 HDV ishares Core High Dividend 78.19 96 Strong Buy 2.16 2.71 2.03 17.19 15.95 3.62 0.71 8.86 0.12 IUSV ishares Core US Value 137.48 78 Buy 0.73 2.83 2.60 15.05 18.01 15.92 2.23 1.03 9.89 0.09 IVE ishares S&P 500 Value 94.70 83 Buy 0.99 3.63 2.70 15.66 17.39 15.46 2.26 1.04 9.97 0.18 IWD ishares Russell 1000 Value 105.39 79 Buy 0.95 2.84 2.55 15.63 18.31 16.02 2.14 1.02 9.76 0.20 IWX ishares Russell Top 200 Value 44.41 87 Buy -0.25 2.42 1.63 15.09 17.74 14.14 2.26 1.03 10.03 0.20 JKF ishares Morningstar Large-Cap Value 86.27 77 Buy 0.09 3.25 1.63 12.41 15.06 13.80 2.71 0.98 9.70 0.25 MGV Vanguard Mega Cap Value ETF 61.23 87 Strong Buy 0.89 2.65 1.94 15.95 17.81 15.46 2.54 0.99 9.54 0.11 PRF PowerShares FTSE RAFI US 1000 ETF 92.84 90 Buy 1.54 3.66 3.00 15.73 18.77 17.00 1.97 1.04 9.84 0.39 PWV PowerShares Dynamic Large Cap Value ETF 31.71 92 Buy 1.41 2.94 3.10 16.25 19.09 16.67 2.46 0.95 9.40 0.57 RWL RevenueShares Large Cap ETF 41.80 88 Buy 2.53 4.93 4.87 18.75 20.47 17.72 1.04 9.87 0.49 Y SPDR S&P Dividend ETF 79.16 95 Strong Buy 0.46 1.54 2.31 15.98 16.92 16.01 2.23 0.90 9.26 0.35 SPYV SPDR S&P 500 Value ETF 102.58 83 Buy 1.01 3.56 2.64 15.52 17.28 15.62 2.17 1.04 9.96 0.15 USMV ishares MSCI USA Minimum Volatility 41.48 85 Strong Buy 2.47 1.99 4.57 20.01 17.35 1.91 0.72 8.09 0.15 VOOV Vanguard S&P 500 Value ETF 91.08 86 Buy 1.10 3.66 2.63 15.70 17.44 2.39 1.04 9.99 0.15 VTV Vanguard Value ETF 85.39 86 Buy 1.07 2.88 2.55 16.30 18.06 15.82 2.51 0.99 9.53 0.09 VYM Vanguard High Dividend Yield ETF 70.01 94 Strong Buy 1.83 3.00 2.10 18.05 17.72 17.09 3.02 0.91 8.97 0.10 MID CAP GROWTH DWAQ PowerShares DWA NAAQ Momentum ETF 74.25 73 Hold 3.90 5.04 5.54 5.56 15.11 13.97 0.24 1.19 14.27 0.60 FAD First Trust Multi Cap Gr AlphaDEX ETF 49.91 88 Hold 2.19 4.18 4.89 12.22 16.59 16.93 1.06 10.96 0.70 IJK ishares S&P Mid-Cap 400 Growth 166.93 87 Hold 4.55 4.49 5.69 11.99 15.99 17.96 0.90 1.02 11.05 0.25 IWP ishares Russell Mid-Cap Growth 96.90 94 Buy 3.94 5.69 5.70 15.02 17.75 18.19 0.77 1.05 10.64 0.25 JKH ishares Morningstar Mid-Cap Growth 161.07 91 Buy 2.89 4.97 4.26 11.41 16.13 17.55 0.24 1.06 11.34 0.30 MDYG SPDR S&P 400 Mid Cap Growth ETF 123.37 81 Hold 4.09 4.90 5.81 11.96 16.01 17.56 0.90 1.02 11.04 0.15 PDP PowerShares DWA Momentum ETF 42.52 89 Buy 3.56 4.57 3.86 14.30 18.40 18.98 0.28 0.89 9.70 0.65 PXMG PowerShares Fundamental Pure Mid Gr ETF 32.43 80 Buy 2.27 4.85 4.16 11.99 14.36 15.52 0.05 0.99 10.16 0.39 RFG Guggenheim S&P MidCap 400 Pure Gr ETF 127.30 80 Hold 4.52 5.56 3.58 5.24 13.57 17.92 1.09 12.21 0.35 VOT Vanguard Mid-Cap Growth ETF 105.07 79 Buy 3.41 4.81 5.08 15.57 16.88 18.16 0.67 1.04 10.92 0.09 MID CAP BLEND C Guggenheim Spin-Off ETF 46.54 83 Hold 3.91 4.23 5.39 7.35 23.27 20.88 1.07 13.52 0.66 EWRI Guggenheim Russell 1000 Equal Wt ETF 52.23 85 Buy 2.53 5.13 3.57 13.02 17.36 1.04 10.29 0.40 EWRM Guggenheim Russell MidCap Equal Wt ETF 52.21 86 Buy 2.99 5.49 3.64 11.85 17.35 1.06 10.77 0.41 EZM WisdomTree MidCap Earnings ETF 95.35 90 Buy 2.91 5.90 4.26 12.77 17.97 19.09 1.19 12.39 0.38 FNX First Trust Mid Cap Core AlphaDEX ETF 54.08 80 Buy 2.37 5.79 3.81 10.13 15.53 16.98 1.17 12.11 0.67 FVL First Trust Value Line 100 ETF ETF 21.00 89 Hold 2.79 6.76 6.08 14.08 16.09 16.48 1.27 13.13 0.70 IJH ishares Core S&P Mid-Cap 149.97 89 Buy 3.57 4.99 5.31 13.54 17.16 17.58 1.36 1.05 10.98 0.12 IWR ishares Russell Mid-Cap 172.51 94 Buy 3.27 4.75 5.11 15.74 18.68 18.26 1.33 1.02 10.09 0.20 JKG ishares Morningstar Mid-Cap 152.83 95 Buy 3.67 5.69 6.08 17.82 19.00 19.69 1.34 1.00 10.14 0.25 MDY SPDR S&P MidCap 400 ETF 273.50 89 Buy 3.61 5.05 5.34 13.43 16.94 17.37 1.05 10.95 0.25 NFO Guggenheim Insider Sentiment ETF 49.60 77 Hold 1.10 4.69 2.89 8.72 14.97 15.72 1.29 12.76 0.66 PWC PowerShares Dynamic Market ETF 74.95 85 Hold 1.48 4.77 2.64 11.87 19.76 16.61 1.49 1.18 11.64 0.60 RSCO SPDR Russell Small Cap Completeness ETF 85.50 86 Hold 1.33 4.03 4.50 9.58 16.94 17.68 1.26 1.09 11.55 0.11 TTFS AdvisorShares TrimTabs Float Shrink ETF 57.23 93 Buy 3.36 4.66 6.21 19.25 20.75 1.05 10.28 0.99 VO Vanguard Mid-Cap ETF 127.37 84 Buy 3.08 4.71 5.23 16.56 18.36 18.20 1.35 1.04 10.27 0.09 VXF Vanguard Extended Market ETF 90.63 78 Buy 3.23 4.79 5.01 10.46 17.47 17.88 1.20 1.10 11.62 0.10 MID CAP VALUE CZA Guggenheim Mid-Cap Core ETF 50.71 90 Buy 2.42 5.16 3.22 13.17 17.96 18.34 0.93 9.38 0.66 DON WisdomTree MidCap Dividend ETF 86.55 92 Strong Buy 3.39 4.56 5.86 19.42 19.51 19.19 0.95 9.90 0.38 DVY ishares Select Dividend 79.57 95 Strong Buy 0.21 1.04 2.59 16.64 16.96 17.19 3.01 0.79 9.20 0.39 FAB First Trust Multi Cap Val AlphaDEX ETF 48.39 82 Buy 2.39 6.52 3.98 12.90 16.82 17.21 1.18 11.93 0.72 IJJ ishares S&P Mid-Cap 400 Value 131.25 84 Buy 2.68 5.57 4.82 14.92 18.15 16.98 1.59 1.08 11.30 0.25 IVOV Vanguard S&P Mid-Cap 400 Value ETF 98.99 84 Buy 2.46 5.70 4.92 14.83 18.18 1.63 1.08 11.30 0.20 IWS ishares Russell Mid-Cap Value 75.61 88 Buy 2.51 3.79 4.53 16.50 19.43 18.15 1.82 0.98 9.90 0.25 JKI ishares Morningstar Mid-Cap Value 127.14 89 Buy 2.09 4.38 4.29 15.03 20.08 17.56 2.12 1.10 10.91 0.30 PEY PowerShares High Yld Eq Div Achiev ETF 13.43 90 Strong Buy -0.27 1.23 3.04 19.38 17.12 16.88 4.30 0.81 9.45 0.55 PXMV PowerShares Fundamental Pure Mid Val ETF 28.00 88 Buy 1.39 4.89 4.26 15.30 20.51 17.44 1.55 1.17 11.68 0.40 RPV Guggenheim S&P 500 Pure Value ETF 55.74 93 Strong Buy 1.42 6.93 3.13 16.76 22.71 20.54 1.30 13.63 0.35 RWK RevenueShares Mid Cap ETF 49.90 92 Buy 3.05 6.41 5.57 14.55 17.85 17.55 1.23 12.94 0.54 www.mutualfundinvestorguide.com FEBRUARY 2015 5

THE ETF Investor Guide 6 FEBRUARY 2015 PHONE: (888) 252-5372 % Return (3 and 5 Years Annualized) Symbol Name NAV Rank Advice YTD 1 Month 3 Month 1 Year 5 Year MID CAP VALUE (continued) SPHB PowerShares S&P 500 High ETF 34.82 86 Buy 2.02 6.42 1.94 15.64 17.55 1.40 14.81 0.25 VOE Vanguard Mid-Cap Value ETF 91.87 89 Buy 2.73 4.61 5.39 17.49 19.70 18.08 2.02 1.03 10.07 0.09 SMALL CAP GROWTH IJT ishares S&P Small-Cap 600 Growth 126.77 82 Hold 3.58 4.46 5.85 10.51 17.20 19.11 0.90 1.06 12.37 0.25 IWO ishares Russell 2000 Growth 146.77 79 Hold 3.08 4.46 6.59 9.01 16.89 18.20 0.69 1.18 13.73 0.25 JKK ishares Morningstar Small-Cap Growth 139.90 84 Buy 3.54 5.49 5.51 7.61 15.88 18.17 0.48 1.11 12.93 0.30 PXSG PowerShares Fundamental Pure Sm Gr ETF 25.06 84 Hold 1.46 4.42 3.62 7.00 13.64 15.84-0.46 1.03 11.15 0.41 RZG Guggenheim S&P SmallCap 600 Pure Gr 84.83 79 Hold 5.09 5.27 6.10 10.91 16.43 18.94 1.08 13.44 0.35 ETF SLYG SPDR S&P 600 Small Cap Growth ETF 183.87 86 Hold 3.30 4.75 5.78 10.53 17.15 19.21 0.92 1.06 12.36 0.15 VBK Vanguard Small-Cap Growth ETF 131.16 70 Hold 4.14 4.92 5.72 7.18 16.34 18.27 0.86 1.08 12.17 0.09 VTWG Vanguard Russell 2000 Growth ETF 106.55 65 Hold 2.47 5.43 6.63 8.98 16.77 0.47 1.18 13.76 0.20 SMALL CAP BLEND EES WisdomTree SmallCap Earnings ETF 83.16 78 Hold 0.52 4.96 2.10 7.29 15.12 17.07 1.24 13.84 0.38 FDM First Trust Dow Jones Sel MicroCap ETF 33.11 72 Hold -0.85 3.39 2.69 7.81 15.51 15.12 1.19 14.46 0.60 FYX First Trust Small Cap Core AlphaDEX ETF 49.83 75 Hold 1.69 4.38 4.06 7.15 15.11 17.16 1.21 13.86 0.67 IJR ishares Core S&P Small-Cap 115.87 83 Hold 1.59 3.74 3.98 10.31 16.84 18.19 1.20 1.12 12.49 0.12 IWC ishares Micro-Cap 76.92 73 Hold -0.08 1.71 4.35 2.99 16.58 16.23 0.97 1.17 14.41 0.60 IWM ishares Russell 2000 121.53 77 Hold 1.60 3.63 4.35 8.08 15.66 16.48 1.27 1.17 13.15 0.20 JKJ ishares Morningstar Small-Cap 141.02 86 Hold 1.72 4.35 3.95 11.89 16.31 16.65 1.15 1.15 12.24 0.25 PRFZ PowerShares FTSE RAFI US 1500 Sm-Mid ETF 102.26 81 Hold 1.51 3.76 3.56 8.70 16.44 16.77 0.94 1.20 12.94 0.39 RWJ RevenueShares Small Cap ETF 57.52 86 Hold 0.80 4.18 3.74 11.03 17.89 18.76 1.28 14.15 0.54 SLY SPDR S&P 600 Small Cap ETF 106.23 79 Hold 1.63 3.79 4.02 10.11 16.63 18.14 1.12 1.12 12.48 0.15 VB Vanguard Small-Cap ETF 119.86 76 Hold 2.74 4.53 4.61 10.52 17.34 17.91 1.40 1.11 11.78 0.09 SMALL CAP VALUE DES WisdomTree SmallCap Dividend ETF 71.39 89 Buy 0.73 2.95 2.45 11.68 16.97 17.48 1.10 12.35 0.38 IJS ishares S&P Small-Cap 600 Value 117.52 78 Buy -0.36 3.16 2.07 9.74 16.21 17.14 1.25 1.18 12.90 0.25 IWN ishares Russell 2000 Value 101.90 65 Buy 0.22 2.85 2.10 7.21 14.40 14.65 1.77 1.16 12.97 0.25 JKL ishares Morningstar Small-Cap Value 130.09 82 Buy 0.87 4.02 3.23 12.16 17.26 17.08 2.17 1.15 12.20 0.30 PXSV PowerShares Fundamental Pure Sm Val ETF 26.00 81 Hold 0.05 3.59 3.21 9.57 18.36 17.16 0.70 1.30 14.08 0.39 PZI PowerShares Zacks Micro Cap ETF 15.94 73 Hold -1.60 1.79-0.48-2.03 13.87 12.43 0.50 1.20 14.18 0.91 RFV Guggenheim S&P MidCap 400 Pure Val ETF 55.25 75 Buy 1.64 7.70 4.40 13.87 17.41 15.63 1.26 13.30 0.38 RZV Guggenheim S&P SmallCap 600 PureVal ETF 63.45 69 Hold -0.16 6.09 0.81 5.68 16.11 15.92 1.43 16.50 0.35 SLYV SPDR S&P 600 Small Cap Value ETF 105.63 81 Hold -0.10 3.36 1.94 9.37 16.13 17.18 1.27 1.18 12.89 0.15 VBR Vanguard Small-Cap Value ETF 107.43 81 Buy 1.57 4.26 3.76 13.44 18.00 17.40 1.88 1.13 11.79 0.09 ALLOCATION AOA ishares Aggressive Allocation 47.36 87 Hold 2.33 3.34 2.47 9.17 12.31 12.58 2.04 1.32 8.41 0.23 AOR ishares Growth Allocation 40.71 85 Hold 1.47 2.11 1.90 8.19 9.72 9.88 2.10 0.99 6.31 0.24 IYLD ishares Morningstar Multi-Asset Income 26.05 75 Buy 1.87 1.35 1.56 9.17 5.93 0.60 COMMODITIES BAL ipath DJ-UBS Cotton SubTR ETN 43.12 33 Sell 4.71 5.11 7.54-22.21-8.42 3.66 0.68 24.52 0.75 CORN Teucrium Corn ETF 26.02 28 Sell -2.33 0.62-3.13-16.79-13.79 0.90 25.12 2.68 COW ipath DJ-UBS Livestock SubTR ETN 26.72 46 Hold -12.10-6.93-17.61-6.96-4.01-1.03 0.18 13.43 0.75 DBA PowerShares DB Agriculture ETF 23.57 48 Sell -5.30-3.48-9.00-7.53-6.46-1.49 0.59 12.69 0.85 DBC PowerShares DB Commodity Tracking ETF 18.30 34 Sell -0.81 5.96-14.53-28.77-13.75-4.49 0.94 14.39 0.85 DJP ipath DJ-UBS Cmdty TR ETN 29.74 38 Sell -0.57 3.34-11.30-22.04-11.81-5.53 0.87 13.41 0.75 GCC GreenHaven Continuous Commodity ETF 22.46 45 Sell -1.75 0.05-7.80-16.26-10.36-2.35 0.71 11.67 0.85 GSG ishares S&P GSCI Commodity-Indexed Trust 21.18 33 Sell -1.85 9.34-19.89-34.59-14.94-6.41 1.12 17.49 0.75 GSP ipath S&P GSCI Total Return ETN 20.69 33 Sell -1.95 10.18-21.48-37.06-16.16-6.68 1.18 18.48 0.75 JO ipath DJ-UBS Coffee SubTR ETN 29.81 70 Sell -2.20-8.42-16.03 7.70-17.34-4.53 1.03 35.97 0.75 RJI ELEMENTS Rogers Intl Cmdty TR ETN 6.26 36 Sell -0.79 5.39-12.32-24.58-11.17-3.05 0.87 13.31 0.75 SGG ipath DJ-UBS Sugar SubTR ETN 37.95 15 Sell 2.48-0.29-8.04-28.11-23.88-12.99 0.60 20.45 0.75 WEAT Teucrium Wheat ETF 11.33 17 Sell -11.04-4.23-6.05-20.99-18.82 0.59 24.93 3.67 COMMUNICATIONS FCOM Fidelity MSCI Telecommunication Svc ETF 28.08 90 Buy 5.45 5.34 2.50 14.00 0.12 IXP ishares Global Telecom 63.80 73 Sell 6.17 5.25 1.19 8.81 11.68 11.15 3.38 0.77 11.12 0.48 IYZ ishares US Telecommunications 30.91 82 Hold 5.57 6.07 1.60 7.85 14.74 14.33 2.81 0.85 13.22 0.45 PBS PowerShares Dynamic Media ETF 26.38 84 Sell 3.13 4.72 6.43 3.45 22.79 18.60 0.57 0.98 13.51 0.62 VOX Vanguard Telecommunication Services ETF 89.20 87 Hold 5.29 4.90 1.67 11.33 15.40 15.01 3.40 0.63 11.20 0.12

% Return (3 and 5 Years Annualized) Symbol Name NAV Rank Advice YTD 1 Month 3 Month 1 Year 5 Year CONSUMER DISCRETIONARY BJK Market Vectors Gaming ETF 40.01 56 Sell 4.00 7.32-5.99-19.59 9.51 14.65 1.76 1.33 19.00 0.65 FDIS Fidelity MSCI Consumer Discret ETF 30.22 86 Hold 3.42 5.78 8.45 16.58 0.12 ITB ishares US Home Construction 27.51 80 Hold 6.30 5.85 9.81 10.75 24.40 16.58 0.29 1.09 20.36 0.45 IYC ishares US Consumer Services 142.85 89 Buy 3.69 5.37 9.63 20.63 24.31 22.62 0.79 0.81 10.59 0.45 PEJ PowerShares Dynamic Leisure & Entmnt ETF 36.97 81 Hold 3.47 1.26 8.18 10.83 22.36 23.03 0.97 0.81 12.04 0.63 PMR PowerShares Dynamic Retail ETF 40.07 88 Hold 2.66 3.86 10.96 26.92 20.08 22.49 0.61 0.88 13.85 0.63 PSCD PowerShares S&P SmCap Cnsmr Discret ETF 52.50 77 Hold 3.53 2.44 8.46 14.70 20.03 0.00 0.95 13.95 0.29 RCD Guggenheim S&P 500 Eq Wt Cons Discr ETF 90.73 86 Hold 2.40 5.44 8.20 17.57 21.71 21.38 0.96 12.18 0.40 RXI ishares Globl Consumer Discretionary 89.58 85 Hold 5.21 6.62 8.59 10.80 18.96 18.00 1.17 0.98 11.34 0.48 VCR Vanguard Consumer Discretionary ETF 120.89 78 Buy 3.43 5.82 8.32 16.53 22.42 22.69 1.23 0.90 11.49 0.12 XHB SPDR S&P Homebuilders ETF 36.36 81 Hold 6.57 5.24 13.35 13.42 22.27 19.25 0.38 1.04 17.40 0.35 XLY Consumer Discret Sel Sect SPDR ETF 74.89 89 Sell 3.80 6.21 8.97 17.22 22.40 22.48 1.30 0.88 11.28 0.15 XRT SPDR S&P Retail ETF 98.02 84 Hold 2.09 3.58 7.77 21.33 20.64 23.84 0.61 1.02 14.07 0.35 CONSUMER STAPLES CROP IQ Global Agribusiness Small Cap ETF 26.47 64 Sell 5.54 4.97 0.81 1.41 4.94 0.70 9.24 0.75 FSTA Fidelity MSCI Consumer Staples ETF 30.05 97 Strong Buy 2.00 1.18 3.88 22.22 0.12 FXG First Trust Cnsmr Staples AlphaDEX ETF 44.35 97 Strong Buy 4.18 4.18 6.66 27.65 24.10 21.64 0.82 12.19 0.67 IYK ishares US Consumer Goods 106.66 95 Buy 1.81 2.32 2.83 17.63 16.85 16.37 1.97 0.71 9.67 0.45 KXI ishares Global Consumer Staples 92.57 88 Buy 3.30 2.89 2.69 13.78 13.87 13.45 2.13 0.79 10.09 0.48 PBJ PowerShares Dynamic Food & Beverage ETF 30.70 94 Strong Buy 0.69 0.36 2.26 20.10 18.12 18.50 1.77 0.54 10.57 0.61 PSCC PowerShares S&P SmallCap Cnsmr Stapl ETF 52.79 79 Buy -3.08-1.66-0.13 14.48 19.40 0.00 0.68 12.77 0.29 PSL PowerShares DWA Consumer Staples Mom ETF 52.57 95 Strong Buy 3.19 4.80 5.41 23.89 20.22 18.62 1.86 0.72 11.12 0.60 RHS Guggenheim S&P 500 Eq Wt Cons Stapl ETF 107.77 97 Strong Buy 3.15 2.62 4.69 23.66 21.49 19.19 0.63 9.75 0.40 VDC Vanguard Consumer Staples ETF 127.48 88 Strong Buy 1.79 1.35 3.93 22.16 18.38 16.99 2.33 0.64 9.84 0.12 XLP Consumer Staples Select Sector SPDR ETF 49.50 97 Strong Buy 2.08 1.12 3.80 22.05 17.91 16.51 2.30 0.61 9.86 0.15 ENERGY AMJ JPMorgan Alerian MLP ETN 45.77 88 Hold -0.39 9.50-7.41 1.41 9.31 15.48 0.73 14.55 0.85 BNO United States Brent Oil ETF 23.05 38 Hold 1.54 24.46-24.77-46.71-17.39 1.37 24.08 0.90 DBE PowerShares DB Energy ETF 17.43 38 Sell -0.23 14.45-22.88-40.45-16.16-6.36 1.22 20.55 0.75 DBO PowerShares DB Oil ETF 14.88 34 Sell -5.22 10.80-33.21-46.90-20.42-10.20 1.35 24.78 0.75 ENY Guggenheim Canadian Energy Income ETF 11.42 39 Hold -2.84 12.29-13.45-19.11-10.95-4.14 3.68 1.32 20.53 0.71 FCG First Trust ISE-Revere Natural Gas ETF 11.71 52 Sell 4.46 20.10-19.72-40.56-13.31-7.21 1.50 25.59 0.60 FENY Fidelity MSCI Energy ETF 23.66 61 Hold 3.64 11.18-3.63-2.21 0.12 FXN First Trust Energy AlphaDEX ETF 22.40 63 Sell 7.02 17.71-3.71-6.71 3.81 7.40 1.36 18.75 0.67 GAZ ipath DJ-UBS Natural Gas SubTR ETN 1.44 44 Sell -28.36-28.00-40.25-52.94-28.44-36.14 1.23 45.11 0.75 GEX Market Vectors Global Alt Energy ETF 56.89 79 Hold 5.39 8.22 1.52-3.28 15.84-1.26 0.05 1.43 21.29 0.62 ICLN ishares Global Clean Energy 10.69 70 Sell 10.43 10.55 8.43 2.62 5.17-7.93 3.15 1.51 22.50 0.48 IEO ishares US Oil&Gas Explor&Prodtn 76.79 67 Hold 7.50 17.74-1.80-3.60 4.90 8.48 1.38 1.30 18.64 0.45 IEZ ishares US Oil Equipment&Services 50.18 55 Sell 0.44 10.72-14.38-20.08-3.54 3.83 2.38 1.34 21.23 0.45 IXC ishares Global Energy 38.36 51 Sell 3.15 10.61-4.14-5.29 0.66 5.17 3.21 1.20 15.52 0.48 IYE ishares US Energy 46.47 65 Hold 3.70 11.23-3.41-1.95 5.02 9.40 2.33 1.16 15.54 0.45 KOL Market Vectors Coal ETF 14.24 25 Sell -2.93 1.64-12.30-18.48-24.67-14.49 2.14 1.39 21.06 0.59 PBD PowerShares Global Clean Energy ETF 11.99 42 Hold 4.08 4.99-0.33-6.67 8.68-2.58 0.22 1.37 20.32 0.81 PBW PowerShares WilderHill Clean Energy ETF 5.43 38 Sell 3.04 8.38-2.68-17.26-1.56-8.89-0.22 1.59 25.66 0.70 PSCE PowerShares S&P SmallCap Energy ETF 30.18 58 Sell 1.68 14.88-15.73-34.29-7.14 0.00 1.61 24.92 0.29 PUW PowerShares WilderHill Prog Engy ETF 26.35 63 Sell -0.36 5.02-6.74-14.68 0.80 4.37 0.34 1.31 16.21 0.70 PXE PowerShares Dynamic Engy Explr&Prdtn ETF 30.45 73 Sell 9.77 20.36 0.08-5.84 8.19 15.04 1.74 1.38 20.11 0.64 PXI PowerShares DWA Energy Momentum ETF 47.28 74 Hold 5.51 15.20-6.10-10.86 5.37 13.28 1.84 1.20 18.98 0.60 PXJ PowerShares Dynamic Oil & Gas Svcs ETF 17.45 45 Sell -0.40 12.07-18.12-29.59-6.66 1.82-0.15 1.39 22.61 0.61 TAN Guggenheim Solar ETF 38.79 74 Sell 13.75 14.70 15.41-5.82 8.70-10.60 2.20 43.12 0.71 UNG United States Natural Gas ETF 14.22 52 Hold -3.72-4.82-31.77-43.57-11.79-29.01 1.02 35.96 0.85 UNL United States 12 Month Natural Gas ETF 13.33 59 Hold -3.48-2.78-22.38-34.79-11.22-24.10 0.69 23.59 0.90 USO United States Oil ETF 19.62 25 Sell -3.63 11.35-30.65-45.30-20.26-11.58 1.36 25.31 0.61 VDE Vanguard Energy ETF 115.76 81 Hold 3.71 11.28-3.79-2.41 4.58 9.23 2.65 1.17 15.69 0.12 XES SPDR S&P Oil & Gas Equipment&Svcs ETF 27.64 39 Sell -2.02 10.83-18.81-33.53-9.25 0.28 2.16 1.51 23.07 0.35 XLE Energy Select Sector SPDR ETF 82.04 65 Hold 3.64 11.51-3.29-1.38 5.67 10.05 2.42 1.12 15.33 0.15 XOP SPDR S&P Oil & Gas Explor & Prodtn ETF 53.32 55 Hold 11.41 24.41-8.69-20.44-1.92 6.48 1.46 1.52 23.11 0.35 www.mutualfundinvestorguide.com FEBRUARY 2015 7

THE ETF Investor Guide % Return (3 and 5 Years Annualized) Symbol Name NAV Rank Advice YTD 1 Month 3 Month 1 Year 5 Year FINANCIALS FNCL Fidelity MSCI Financials ETF 29.00 95 Strong Buy -0.45 2.65 2.35 14.41 0.16 FXO First Trust Financials AlphaDEX ETF 23.57 91 Buy 1.29 3.88 3.22 13.12 19.11 16.08 0.91 11.34 0.80 IAI ishares US Broker-Dealers 42.04 84 Hold -1.43 2.96 3.07 11.61 22.86 11.74 1.04 1.00 16.99 0.45 IAK ishares US Insurance 49.31 78 Buy -1.40 3.06 0.94 12.50 18.22 15.12 1.49 1.01 13.61 0.45 IAT ishares US Regional Banks 34.84 64 Buy -0.31 7.53 1.63 8.23 16.68 11.77 1.85 0.67 13.07 0.45 IXG ishares Global Financials 56.63 75 Hold 0.30 4.06 0.14 4.66 14.31 8.96 1.91 1.23 13.56 0.48 IYF ishares US Financials 90.01 94 Strong Buy -0.21 2.73 2.65 15.00 19.73 14.10 1.56 0.89 11.59 0.45 KBE SPDR S&P Bank ETF 33.26 58 Hold -0.86 7.64-0.55 4.58 16.67 10.05 1.54 0.85 14.87 0.35 KCE SPDR S&P Capital Markets ETF 50.37 73 Hold -0.96 4.59 2.13 5.91 19.32 10.34 1.61 1.18 15.99 0.35 KIE SPDR S&P Insurance ETF 67.42 73 Hold 1.09 4.32 3.04 14.57 20.53 15.90 1.44 0.92 12.53 0.35 KRE SPDR S&P Regional Banking ETF 40.34 61 Buy -0.88 7.57-0.27 6.39 16.40 13.48 1.71 0.81 15.37 0.35 PGF PowerShares Financial Preferred ETF 18.45 93 Strong Buy 1.52 0.75 2.41 11.80 8.10 9.30 6.74 0.88 4.59 0.63 VFH Vanguard Financials ETF 49.54 78 Strong Buy -0.34 2.67 2.38 14.63 19.33 13.92 2.15 0.89 11.67 0.12 XLF Financial Select Sector SPDR ETF 24.43 78 Strong Buy -1.21 2.47 1.72 14.97 20.49 13.61 1.58 0.93 12.78 0.15 HEALTHCARE FBT First Trust NYSE Arca Biotech ETF 110.21 98 Strong Buy 8.03 2.94 11.61 39.99 38.32 29.71 0.66 18.93 0.60 FHLC Fidelity MSCI Health Care ETF 34.19 97 Strong Buy 3.92 1.54 5.96 23.60 0.12 FXH First Trust Health Care AlphaDEX ETF 62.97 97 Strong Buy 4.45 2.59 7.73 22.49 29.17 23.99 0.76 11.95 0.66 IBB ishares Nasdaq Biotechnology 323.46 98 Strong Buy 6.63 2.70 10.06 24.61 38.85 31.21 0.00 0.73 17.99 0.48 IHE ishares US Pharmaceuticals 163.48 97 Strong Buy 7.98 4.96 12.85 32.11 29.30 25.19 0.75 0.68 11.66 0.45 IHF ishares US Healthcare Providers 123.33 98 Strong Buy 4.19 3.66 9.89 33.70 25.71 21.31 0.06 0.66 11.94 0.45 IHI ishares US Medical Devices 117.25 97 Buy 3.66 2.03 7.39 21.69 21.88 17.62 0.58 0.84 12.85 0.45 IXJ ishares Global Healthcare 104.21 95 Strong Buy 4.67 2.22 4.09 17.81 23.77 17.83 1.37 0.75 9.64 0.48 IYH ishares US Healthcare 149.63 97 Strong Buy 3.82 1.29 5.38 23.43 27.52 20.51 0.89 0.68 10.09 0.45 PBE PowerShares Dynamic Biotech & Genome ETF 52.78 97 Strong Buy 5.14-0.30 6.05 20.16 32.66 25.10-0.54 0.76 19.74 0.59 PJP PowerShares Dynamic Pharmaceuticals ETF 73.81 98 Strong Buy 10.94 7.50 13.07 33.67 37.82 33.54 0.84 0.75 13.12 0.58 PTH PowerShares DWA Healthcare Momentum ETF 56.26 93 Buy 3.63 1.57 8.89 13.82 22.74 19.49-0.29 0.80 14.73 0.60 RYH Guggenheim S&P 500 Eq Weight HC ETF 148.64 98 Strong Buy 4.26 2.71 7.12 29.05 28.49 22.39 0.69 10.12 0.40 VHT Vanguard Health Care ETF 130.56 93 Strong Buy 3.96 1.59 6.01 23.61 28.01 21.11 1.18 0.68 10.17 0.12 XBI SPDR S&P Biotech ETF 203.40 98 Strong Buy 9.09 3.53 19.02 30.18 36.67 29.54 0.65 0.74 25.62 0.35 XLV Health Care Select Sector SPDR ETF 70.72 97 Strong Buy 3.42 1.13 4.68 23.71 27.35 20.21 1.25 0.67 9.79 0.15 XPH SPDR S&P Pharmaceuticals ETF 118.58 98 Strong Buy 9.84 6.78 14.38 32.98 34.29 28.14 0.92 0.74 15.06 0.35 INDUSTRIALS EXI ishares Global Industrials 72.24 84 Hold 2.45 4.85 1.70 5.67 12.69 12.97 1.48 0.95 10.46 0.48 FIDU Fidelity MSCI Industrials ETF 29.15 93 Buy 1.24 4.65 2.03 11.03 0.12 FLM First Trust ISE Glb Engnrg And Const ETF 44.03 60 Sell -2.55 0.62-2.04-10.84 3.89 5.56 1.24 15.25 0.70 FXR First Trust Indtls/PrdcrDurbAlphaDEX ETF 31.05 88 Hold 2.37 6.41 2.10 11.76 18.52 17.59 0.93 11.99 0.67 GII SPDR S&P Global Infrastructure ETF 48.82 68 Hold 0.70 3.04 1.20 10.39 11.00 8.50 2.76 0.78 10.24 0.40 IGF ishares Global Infrastructure 42.34 76 Hold 0.45 2.20 0.71 9.78 10.67 9.68 2.80 0.87 10.47 0.48 ITA ishares US Aerospace & Defense 121.07 85 Buy 5.56 6.30 8.52 14.52 23.63 20.66 0.80 0.75 11.28 0.44 IYJ ishares US Industrials 109.15 91 Strong Buy 2.40 5.05 3.21 12.00 17.40 17.83 1.38 0.86 10.60 0.45 IYT ishares Transportation Average 162.23 93 Buy -1.12 3.13-0.13 25.28 20.66 19.41 0.74 0.52 11.28 0.45 PKB PowerShares Dynamic Building & Const ETF 22.67 70 Hold 4.95 9.15 4.45 2.08 18.02 15.97 0.35 1.19 16.26 0.63 PPA PowerShares Aerospace & Defense ETF 36.56 95 Buy 5.21 6.40 7.98 15.91 24.00 18.35 1.10 0.72 10.49 0.66 PRN PowerShares DWA Industrials Momentum ETF 48.23 83 Hold 1.73 4.73 2.36 4.02 17.30 18.91 0.89 0.87 13.31 0.60 PSCI PowerShares S&P SmallCap Industrials ETF 46.58 71 Hold -0.23 5.53 3.19 6.76 16.34 0.00 0.97 14.95 0.29 SEA Guggenheim Shipping ETF 18.71 63 Sell 1.46 1.03-1.12-11.36 5.25 4.18 1.07 15.65 0.66 VIS Vanguard Industrials ETF 107.96 81 Buy 1.07 4.43 2.31 12.16 17.83 18.13 1.77 0.86 10.98 0.12 XLI Industrial Select Sector SPDR ETF 57.17 87 Buy 1.04 4.08 2.22 14.17 17.55 18.07 1.81 0.83 10.51 0.15 MATERIALS & PRECIOUS METALS AGOL ETFS Physical Asian Gold 121.01 53 Sell 2.48 1.13 5.96-6.34-10.67 0.50 17.16 0.39 DBB PowerShares DB Base Metals ETF 15.26 31 Sell -4.03 2.21-9.65-6.32-9.65-5.28 0.38 15.23 0.75 DBP PowerShares DB Precious Metals ETF 38.44 38 Sell 4.87-0.08 6.60-9.00-14.02 0.82 0.58 18.12 0.75 DBS PowerShares DB Silver ETF 28.01 25 Hold 10.84 1.30 11.02-17.28-21.88 0.32 0.99 28.72 0.75 GDX Market Vectors Gold Miners ETF 21.26 34 Hold 15.67 3.45 19.32-17.25-26.20-12.89 0.49 0.43 35.22 0.53 GDXJ Market Vectors Junior Gold Miners ETF 27.00 31 Hold 12.83-3.02 10.32-35.96-36.81-19.72-0.13 0.79 44.51 0.57 GLD SPDR Gold Shares 117.98 54 Hold 3.87-0.15 5.65-5.98-11.03 1.97 0.50 17.16 0.40 GLDX Global X Gold Explorers ETF 11.30 29 Hold 10.24-2.08 12.26-26.85-36.79 0.00 0.71 46.88 0.65 8 FEBRUARY 2015 PHONE: (888) 252-5372

% Return (3 and 5 Years Annualized) Symbol Name NAV Rank Advice YTD 1 Month 3 Month 1 Year 5 Year MATERIALS & PRECIOUS METALS (continued) IAU ishares Gold Trust 11.89 55 Hold 3.93-0.17 5.78-5.93-10.90 2.11 0.50 17.13 0.25 JJM ipath DJ-UBS Ind Metals SubTR ETN 25.82 37 Sell -4.47 1.14-10.99-8.99-12.58-6.76 0.46 16.35 0.75 JJP ipath DJ-UBS Prec Metals SubTR ETN 59.02 30 Sell 5.30 1.15 7.25-8.93-14.73 1.05 0.61 18.94 0.75 PALL ETFS Physical Palladium 76.79 52 Sell -0.90-2.99 2.88 7.52 3.71 12.98 0.61 21.73 0.60 PGM ipath DJ-UBS Platinum SubTR ETN 25.62 30 Sell -1.08-3.65-1.08-16.36-12.62-6.62 0.72 18.34 0.75 PPLT ETFS Physical Platinum 117.01 35 Sell -0.03-2.57 0.79-15.30-10.45-5.03 0.71 18.44 0.60 PSAU PowerShares Global Gold & Prec Mtls ETF 18.26 32 Hold 14.13 5.12 18.06-17.24-24.87-11.57 0.03 0.71 32.97 0.75 RING ishares MSCI Global Gold Miners 8.72 33 Hold 17.02 5.93 20.74-20.03-28.53 0.77 0.52 35.30 0.39 SIL Global X Silver Miners ETF 10.18 31 Hold 9.94 0.39 14.72-27.59-24.69 0.00 1.04 39.84 0.65 SLV ishares Silver Trust 16.54 29 Hold 9.83 1.53 10.49-16.21-20.36 1.65 1.04 29.78 0.50 WITE ETFS Physical White Metal Basket 34.95 30 Sell 4.95-0.26 5.94-12.21-14.26 0.88 23.48 0.60 NATURAL RESOURCES COPX Global X Copper Miners ETF 7.00 31 Sell -4.93 4.12-12.14-24.47-20.95 2.13 1.55 25.92 0.65 CU First Trust ISE Global Copper ETF 17.35 32 Sell -4.09 5.28-10.17-21.21-18.42 1.44 24.30 0.70 CUT Guggenheim Timber ETF 25.96 72 Sell 7.10 8.48 9.79 3.65 13.74 11.49 1.24 15.05 0.71 FIW First Trust ISE Water ETF 32.40 62 Hold -3.89 1.28-3.59-2.18 12.30 13.66 1.10 14.77 0.60 FMAT Fidelity MSCI Materials ETF 28.92 82 Hold 5.09 7.39 4.62 11.80 0.12 FXZ First Trust Materials AlphaDEX ETF 32.53 74 Hold 3.11 6.62 1.95 2.44 11.68 13.52 1.08 13.04 0.70 GNAT WisdomTree Global Natural Resources ETF 17.38 31 Sell 5.60 9.55-5.51-13.90-9.50-2.40 1.29 16.71 0.58 GRES IQ Global Resources ETF 27.30 59 Sell 2.47 5.77-1.17-6.04-1.73 3.15 0.73 10.82 0.76 HAP Market Vectors Natural Resources ETF 35.36 60 Sell 4.36 8.13 0.99-1.26 0.63 4.20 1.95 1.10 12.84 0.50 IGE ishares North American Natural Resources 39.94 59 Sell 4.23 11.56-3.10-4.65 0.76 5.50 2.12 1.15 15.86 0.48 IYM ishares US Basic Materials 86.13 76 Hold 4.44 7.23 2.25 7.30 8.14 10.50 1.79 1.02 12.35 0.45 LIT Global X Lithium ETF 11.64 42 Sell 4.57 3.94-2.48-7.83-10.51 1.25 1.59 21.39 0.75 MOO Market Vectors Agribusiness ETF 55.44 62 Sell 5.54 5.80 4.46 10.97 4.09 7.11 1.59 0.92 11.50 0.55 MXI ishares Global Materials 59.44 38 Sell 6.31 8.43 3.58-2.44-0.50 2.82 2.10 1.11 13.70 0.48 PAGG PowerShares Global Agriculture ETF 30.75 61 Sell 5.16 4.84 4.29 8.90 2.62 4.83 0.83 0.91 11.84 0.76 PHO PowerShares Water Resources ETF 25.29 58 Hold -1.79 2.10-2.51-2.72 10.34 10.34 0.62 0.98 13.19 0.61 PIO PowerShares Global Water ETF 22.97 60 Hold 0.04 1.64-1.84 0.99 10.93 7.46 2.28 1.10 12.57 0.82 PYZ PowerShares DWA Basic Materials Mom ETF 55.47 92 Buy 5.66 7.98 2.07 10.36 15.41 17.60 1.01 1.08 12.56 0.60 PZD PowerShares Cleantech ETF 29.79 57 Sell 2.90 7.45 1.33-6.12 8.20 6.73 0.26 1.17 14.19 0.67 REMX Market Vectors Rare EarthStrat Mtls ETF 26.00 18 Sell 3.22 8.06-2.14-25.90-28.21 0.26 1.05 19.36 0.57 RTM Guggenheim S&P 500 Eq Wt Materials ETF 90.31 82 Hold 7.19 9.39 8.59 16.33 14.74 14.77 0.98 11.74 0.40 SLX Market Vectors Steel ETF 35.20 27 Sell -0.76 6.12-9.58-22.69-12.38-7.22 2.01 1.48 21.43 0.55 URA Global X Uranium ETF 10.78 25 Hold -5.02 0.42-15.22-29.83-27.24 0.00 1.49 28.49 0.69 VAW Vanguard Materials ETF 112.81 86 Buy 5.05 7.40 4.56 11.84 13.08 14.22 1.92 0.96 11.31 0.12 WOOD ishares Global Timber & Forestry 56.64 79 Sell 6.99 7.52 10.85 9.20 13.55 10.80 2.06 1.09 13.81 0.48 XLB Materials Select Sector SPDR ETF 51.44 80 Buy 5.89 7.73 5.33 14.65 13.93 13.41 1.87 0.90 10.88 0.15 REAL ESTATE DRW WisdomTree Global ex-us Real Estate ETF 30.14 80 Sell 7.07 4.69 5.79 16.94 10.91 10.44 1.00 14.30 0.58 FFR First Trust FTSE EN Dev Mkts Rel Est ETF 46.14 82 Hold 5.50 1.60 7.64 18.72 13.59 13.74 0.75 12.28 0.60 FRI First Trust S&P REIT ETF 23.33 91 Hold 4.76-0.51 8.76 27.03 14.50 19.07 0.50 13.29 0.50 FTY ishares Real Estate 50 49.14 86 Hold 3.96-0.28 8.03 25.60 13.24 18.00 2.90 0.49 12.62 0.48 GRI Cohen & Steers Global Realty Majors ETF 46.25 82 Hold 6.37 2.25 7.06 18.85 12.80 13.80 0.75 12.81 0.55 ICF ishares Cohen & Steers REIT 102.12 89 Sell 5.45-0.70 9.81 30.73 14.10 19.57 2.61 0.45 13.88 0.35 IYR ishares US Real Estate 80.31 86 Hold 4.52-0.05 7.73 24.66 13.55 17.56 2.95 0.52 12.33 0.45 MORT Market Vectors Mortgage REIT Income ETF 23.63 76 Hold -0.30 0.42-1.32 8.37 10.05 10.66 0.53 13.91 0.41 PSR PowerShares Active US Real Estate ETF 76.21 90 Hold 2.39-0.39 8.11 28.04 14.19 19.12 2.98 0.52 12.87 0.80 REZ ishares Residential Rel Est Capped 62.12 90 Buy 5.45-1.33 8.78 29.88 14.29 20.38 2.81 0.26 15.20 0.48 ROOF IQ U.S. Real Estate Small Cap ETF 27.99 88 Hold 1.83-0.33 4.50 17.45 18.81 0.72 12.77 0.69 RWO SPDR Dow Jones Global Real Estate ETF 50.49 78 Hold 5.78 1.34 7.67 21.51 13.85 15.61 2.35 0.70 12.33 0.50 RWR SPDR Dow Jones REIT ETF 95.23 87 Hold 4.76-0.89 8.79 28.84 14.61 19.44 2.80 0.49 13.46 0.25 VNQ Vanguard REIT ETF 85.06 91 Hold 5.01-0.69 8.98 27.87 15.10 19.60 2.83 0.50 13.33 0.10 VNQI Vanguard Global ex-us Real Estate ETF 56.81 63 Hold 6.15 4.07 4.24 10.78 12.06 1.00 13.90 0.27 WPS ishares International Developed Property 38.57 75 Sell 6.46 4.27 4.03 9.98 13.10 10.94 2.24 0.97 13.77 0.48 TECHNOLOGY FDN First Trust Dow Jones Internet ETF 64.55 90 Buy 5.27 8.60 5.25 3.46 21.94 22.55 0.95 14.69 0.60 FTEC Fidelity MSCI Information Tech ETF 32.71 96 Strong Buy 3.22 5.14 5.24 20.55 0.12 www.mutualfundinvestorguide.com FEBRUARY 2015 9

THE ETF Investor Guide TECHNOLOGY (continued) % Return (3 and 5 Years Annualized) Symbol Name NAV Rank Advice YTD 1 Month 3 Month 1 Year 5 Year IGM ishares North American Tech 105.15 87 Buy 3.17 5.46 5.17 16.96 17.47 16.48 1.21 0.91 11.57 0.48 IGN ishares North American Tech-Multimd Ntwk 37.85 60 Buy 1.88 4.30 7.95 10.96 8.32 8.09 0.49 0.92 16.10 0.48 IGV ishares North American Tech-Software 96.57 95 Strong Buy 4.06 6.72 4.96 14.16 16.08 17.24 0.19 0.92 13.49 0.48 IXN ishares Global Tech 97.63 78 Buy 2.90 4.43 4.38 18.42 15.63 14.18 1.69 0.89 11.16 0.48 IYW ishares US Technology 107.68 88 Strong Buy 3.14 4.99 4.49 20.78 15.39 15.80 1.98 0.86 12.04 0.45 MTK SPDR Morgan Stanley Technology ETF 103.74 77 Buy 1.90 5.75 5.95 14.28 16.72 14.66 0.73 1.03 12.92 0.35 PNQI PowerShares NAAQ Internet 69.78 89 Buy 4.01 7.90 2.65-1.23 21.16 23.28-0.44 1.09 16.37 0.60 PSJ PowerShares Dynamic Software ETF 41.85 90 Buy 4.76 9.81 8.16 13.16 17.20 15.67-0.19 0.84 12.56 0.63 PTF PowerShares DWA Technology Momentum ETF 40.07 84 Buy 4.44 7.01 10.03 14.33 15.20 13.60-0.06 1.03 14.71 0.60 PXQ PowerShares Dynamic Networking ETF 35.11 59 Buy 0.49 2.97 4.78 9.76 8.24 14.45-0.30 0.94 16.16 0.63 QTEC First Trust NAAQ-100-Tech Sector ETF 44.20 88 Buy 1.03 4.20 4.42 21.10 18.26 17.93 1.08 14.16 0.60 SKYY First Trust ISE Cloud Computing ETF 29.40 83 Hold 3.34 6.33 4.92 6.39 13.40 1.17 16.02 0.60 SOXX ishares PHLX Semiconductor 95.43 91 Buy 2.73 6.08 10.44 28.30 20.23 17.17 1.18 1.04 14.88 0.47 TDIV First Trust NAAQ Technology Div ETF 28.44 91 Strong Buy 2.75 3.72 4.49 20.44 0.50 VGT Vanguard Information Technology ETF 108.04 90 Strong Buy 3.41 5.18 5.19 20.61 17.21 16.99 1.27 0.89 11.68 0.12 XLK Technology Select Sector SPDR ETF 42.65 92 Strong Buy 3.14 4.69 3.76 20.68 16.87 16.77 1.65 0.79 10.51 0.15 X SPDR S&P Semiconductor ETF 85.30 83 Hold 6.99 8.55 19.01 34.27 18.41 14.51 0.45 1.06 17.70 0.35 UTILITIES DBU WisdomTree Global ex-us Utilities ETF 17.81 53 Hold -1.66 1.32-4.02 2.25 2.60 1.44 1.13 13.49 0.58 FUTY Fidelity MSCI Utilities ETF 29.25 86 Buy -4.29-4.64 0.85 15.90 0.12 FXU First Trust Utilities AlphaDEX ETF 24.58 91 Buy -1.21-0.97 3.32 19.02 15.35 14.70 0.50 10.99 0.70 IDU ishares US Utilities 113.30 89 Buy -4.20-4.73 0.80 16.10 13.42 14.02 2.62 0.37 12.56 0.45 JXI ishares Global Utilities 47.63 65 Hold -3.13-1.06-1.09 8.33 8.63 5.83 2.87 0.72 10.84 0.48 PSCU PowerShares S&P SmallCap Utilities ETF 38.28 76 Buy -4.66-3.44 1.61 13.90 10.74 0.00 0.66 14.61 0.29 PUI PowerShares DWA Utilities Momentum ETF 22.97 79 Hold -3.12-1.96-0.73 11.38 14.12 13.68 3.69 0.57 10.85 0.60 RYU Guggenheim S&P 500 Eq Wt Utilities ETF 76.86 90 Buy -2.18-2.28 1.59 21.10 16.46 16.13 0.47 11.70 0.40 VPU Vanguard Utilities ETF 98.07 90 Buy -4.18-4.66 0.79 15.86 13.71 14.22 3.08 0.37 12.54 0.12 XLU Utilities Select Sector SPDR ETF 45.17 92 Buy -4.34-4.70 0.98 16.84 13.34 13.79 3.22 0.33 12.70 0.15 FOREIGN LARGE CAP ACWI ishares MSCI ACWI 60.44 79 Hold 3.32 4.91 2.22 8.79 12.05 10.88 2.07 0.80 10.41 0.33 ACWX ishares MSCI ACWI ex US 44.67 73 Hold 3.84 5.80 0.65 1.05 6.57 6.05 2.34 1.00 12.49 0.33 ADRD BLDRS Developed Markets 100 ADR ETF 23.54 79 Hold 5.04 8.05 2.11 0.18 9.25 7.40 2.56 1.01 13.08 0.30 CCXE WisdomTree Commodity Country Equity ETF 26.27 64 Sell 2.82 4.70-5.69-5.67-1.66 4.07 1.18 16.20 0.58 CWI SPDR MSCI ACWI ex-us ETF 34.62 73 Sell 3.47 5.23 0.99 2.11 6.87 6.54 2.16 1.00 12.53 0.34 DEW WisdomTree Global Equity Income ETF 45.67 84 Hold 3.94 6.11 0.55 2.42 7.82 7.95 0.93 11.88 0.58 DGT SPDR Global Dow ETF 70.87 78 Hold 2.62 4.59 1.99 6.48 11.40 8.37 2.10 0.87 11.38 0.50 DNL WisdomTree Global ex-us Dividend Gr ETF 51.62 78 Hold 4.03 5.65 2.70 6.49 2.63 4.92 1.02 13.29 0.58 DOL WisdomTree International LargeCp Div ETF 49.35 77 Hold 5.62 6.85 1.38 0.46 8.96 7.02 1.06 13.55 0.48 DOO WisdomTree Intl Div ex-fincls ETF 45.00 73 Hold 4.63 6.41-0.11-1.44 7.57 7.16 1.05 13.57 0.58 DTH WisdomTree DEFA Equity Income ETF 44.62 76 Hold 5.47 7.18 1.20-0.26 9.77 7.55 1.09 14.10 0.58 DWM WisdomTree DEFA ETF 52.14 71 Hold 5.14 6.45 2.17 1.15 9.73 7.97 1.04 13.20 0.48 DWX SPDR S&P International Dividend ETF 44.85 65 Hold 6.73 7.63 0.29 0.58 2.57 3.46 5.15 1.14 15.12 0.45 EFA ishares MSCI EAFE 63.82 73 Hold 4.90 6.72 1.84-0.33 9.27 7.55 2.37 1.02 12.93 0.33 EFAV ishares MSCI EAFE Minimum Volatility 65.24 86 Buy 5.74 5.14 3.57 10.46 11.00 2.58 0.70 10.27 0.20 EFG ishares MSCI EAFE Growth 68.78 73 Hold 4.51 5.44 1.92 0.60 8.94 8.09 1.72 0.94 12.05 0.40 EFV ishares MSCI EAFE Value 53.57 63 Hold 4.98 7.48 1.71-1.26 9.25 6.87 2.90 1.09 14.01 0.40 FDT First Trust Dev Mkts Ex-US AlphaDEX ETF 49.43 71 Hold 4.44 4.50 2.56-1.52 7.59 0.94 12.59 0.80 FGD First Trust Dow Jones Global Sel Div ETF 26.32 79 Hold 3.74 5.53 0.53 2.54 9.28 10.56 0.97 12.85 0.60 GWL SPDR S&P World ex-us ETF 27.97 72 Hold 3.98 6.03 1.66 0.30 8.20 7.44 2.00 0.98 12.38 0.34 HGI Guggenheim Intl Multi-Asset Inc ETF 17.60 70 Hold 4.20 6.02-0.87-1.60 3.94 5.28 3.57 0.97 12.41 0.81 IDV ishares International Select Dividend 35.30 77 Hold 4.78 6.20 0.34-0.98 8.61 9.15 4.07 1.12 14.76 0.50 IOO ishares Global 100 78.17 87 Buy 2.56 4.58 1.29 6.94 11.35 9.88 2.61 0.81 10.93 0.40 LVL Guggenheim S&P Global Div Opps Idx ETF 12.03 65 Hold 5.34 7.12-2.43-2.70 1.51 3.75 5.65 1.00 13.78 1.08 PID PowerShares Intl Div Achiev ETF 18.30 90 Buy 4.51 6.77 1.08 5.84 9.44 9.59 3.05 0.85 11.20 0.54 PIZ PowerShares DWA Developed Mkts Mom ETF 24.64 72 Hold 2.54 4.19 1.09-5.90 11.67 10.00 0.86 1.03 14.27 0.81 PXF PowerShares FTSE RAFI Dev Mkts ex-us ETF 41.24 59 Hold 4.41 7.01 1.25-1.79 8.31 6.50 2.62 1.11 14.20 0.47 RTR RevenueShares ADR ETF 37.27 70 Hold 3.79 6.98 0.93 1.33 4.80 5.23 1.07 14.02 0.49 IV Global X SuperDividend ETF 23.77 90 Hold 3.57 4.89 1.01 7.53 9.61 6.11 0.89 12.56 0.58 10 FEBRUARY 2015 PHONE: (888) 252-5372