The following table contains the hierarchy for depleting tax lots with known cost basis.

Hierarchy	Situation	Process
1	Specific Shares/Contracts Request	If you identify specific tax lots for depletion, Fidelity first seeks to deplete the shares or contracts according to that request.
2	Advisor-Specified Account Disposal Method	If no specific shares or contracts are identified, Fidelity depletes the shares/contracts based on the cost basis disposal method you established for the account on behalf of your investor. NOTE: Any unknown shares are depleted last.
3	Fidelity Defaults (FIFO)	If specific shares or contracts are not identified and you did not specify a cost basis disposal method for the account, Fidelity defaults to FIFO for individual securities and for securities in DRIPs. Unless otherwise specified, Fidelity will use average cost for open-end mutual funds. NOTE: For situations where there is no cost basis on record, Fidelity depletes lots with unknown basis first, unless there is an alternative disposal method being used or you instruct Fidelity to sell specific shares or contracts.

NOTE: For certain situations such as lieu sales or voluntary reorganizations, Fidelity will deplete shares proportionality from all available tax lots.

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