Fidelity Select Fundranker

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TOP EIGHT MODEL PORTFOLIO DECEMBER 2015

1. Retailing (FSRPX)
2. Software & Computer Services (FSCSX)
3. IT Services (FBSOX)
4. Construction & Housing (FSHOX)
5. Banking (FSRBX)
6. Consumer Discretionary (FSCPX)
7. Electronics (FSELX)
8. Insurance (FSPCX)

EXCHANGES FOR DECEMBER 2, 2015

Sell Technology (FSPTX),
buy Construction & Housing (FSHOX)
Sell Industrial Equipment (FSCGX),
buy Banking (FSRBX)