EFTA01367896.pdf

Deutsche Asset & Wealth Management OO Strategies Globally diversified multi-asset class portfolios Our Investment Management Philosophy Our Investment Management Approach Provide our clients with strong risk-adjusted returns A forward-looking approach which does not rely solely on historical returns. Provide an optimal mix of asset classes using our Dynamic allocation in response to changes in the proprietary quantitative models Macroeconomic outlook or opportunities in the Leverage the best thinking of Deutsche Bank globally marketplace. Open architecture approach with managers vetted by both Maintain a rigorous, transparent and repeatable Global Manager Research and the Americas Investment investment process Committee Performance for CIO Strategies with U.S. Core Equity' as U.S. large cap vehicle for tax paying clients gross of fees as of 3/31/15 Roll' 1 Returns 2014 Income 4.03 8.61 9.68 1.19 8.59 19.02 -1661 8.90 9.12 612 239 5.31 621 640 5.76 5 57 Gtowth and Income 4.37 12.79 12.03 -1.03 11.33 23.78 -23.04 10.92 11.78 7.03 2.95 6.94 7.90 7.76 6.65 6.41 Growth 4.84 17.64 14.43 -2.94 13 79 29.09 -30.42 12.52 14.39 7 96 3.51 8.30 9.78 9.27 7.35 7.07 Maximum Growth 5.37 22.27 16.16 4.65 15.89 34.76 -35.93 13.97 16.66 8.78 4.02 9.74 11.46 10.56 8.08 7.75 Asset Allocation Asset Class Breakdown Growth & Income Portfolio Strategic Tactical Income Portfolio Growth & Income Portfolio Allocation Allocation Equities 49.0% Allernalives. U.S. Large Cap 23.5% 23.5% 9.5% U.S. Small Cap 2.5% 2.0% iii EAFE 17.0% 16.0% European 11.5% 10.5% Eciinto,N Japan 3.0% 3.0% FOLfni 470'" Pacific ex-Japan 2.5% 2.5% notrivra. 435 Emerging Market 6.0% 5.5% Core Emg Mkts Equity 3.6% Emg Mkts As,a Equity, 2.0% Municipal Bonds 32 0% 32.0% Growth Portfolio Maximum Growth Portfolio High Yield Bonds 2 0% 3.0% Memaliyes. AlIernalives, 7.0% Intl Bond s - Hedged 8.0% Emerging Market Bonds 25% 3 0% Fixed Ina TIPS 20% 2 0% 12.0% Cash 2 0% 3 5% 9.5% Equ' Hedge Finds 8 5% 8 5% 645'1 Non-directional HF 4 5% Directional HF 4 4 n: Commodities 20% 1 0% 100 0% 1000h, Smog internalmates PadpytirrnaicaitnovuarattreeoUdireissft:. Pshrrs pisseinscigrtmol;reiCeiltla 4 ihieta?Crharl 60,,r)in,.4 Merck£° Le4 asset ,k.:,,, r..,-,...-tmcnivz4.:2O.153rKimreeiewerjr:h,-,dirly A€hArl rrareriendaLkillsxe staxrt to ray" etticrrtr Mr:* Fur use in one-one-one presentations with qualified clients. Not for public distribution CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059523 CONFIDENTIAL SDNY_GM_00205707 EFTA01367896