EFTA01460028.pdf

CIO Strategies - Tactical Allocations As of 3/22/22016 Account Level Fee on $50,000,000: 0.52% All in Estimated Fee for Taxable Growth with Alternative Investments as Allocated Below: 0.76% Growth Expense Growth WM Mt Asset Class Implementation Vehicle Ticker Ratio Fees Equities 67.5% U.S. Large Cap WM US Large Cap/Growth/Core/Value - Individual Securities 0.00% 35.5% 0.00% U.S. Small Cap CtearBridge Small Cap Growth SBPYX 0.75% 3.0% 0.02% European Equity Invesco AIM European Growth AEDYX 0.89% 7.5% 0.07% European Equity db X-Trackers MSCI Europe Hedged Equity Fund DBEU 0.45% 7.5% 0.03% Japan Equity Wisdomtree Japan Hedged Equity DXJ 0.48% 7.0% 0.03% Pacific Ex-Japan Equity iShare MSCI Pacific ex Japan EPP 0.49% 10% 0.01% Emerging Market Equity Aberdeen Emerging Markets Fund ABEMX 0.90% 2.5% 0.02% Emerging Market Equity Invesco Asia Pacific Growth Fund ASIYX 0.90% 1.5% 0.01% Bonds 21.0% Municipal Bonds WM Intermediate Tax-Exempt Fixed Income 0.00% 16.0% 0.00% Global High Yield Blackrock High Yield Fund BHYIX 0.50% 3.0% 0.02% Emerging Market Bonds MFS Emerging Market Debt Fund MEDIX 0.71% 1.0% 0.01% Inflation Protected Bonds (TIP) BlackRock Intl Protected Bond Fund BPRIX 0.29% 1.0% 0.00% Alternative Investments 11.5% Hedge Funds - Non-Directional Prisma Spectrum Fund Na 1.50% 3.0% Hedge Funds - Directional Lighthouse Global Long/Short n/a 1.00% 4.0% Commodities Deutsche Enhanced Commodity Strategy SKIRX 0.94% 1.0% 0.01% Cash 000% 3.5% 0.00% 100.0% 0.24% Deutsche Bank Wealth Management 11 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 120901 CONFIDENTIAL SDNY_GM_00267085 EFTA01460028