EFTA01458580.pdf

Deutsche Asset & Wealth Management Glossary Explanation of terms Risk aversion considers the degree to which investors are willing to take on risk to meet investment objectives. The risk premium is the expected return on an investment minus the retum that would be earned on a risk-free investment. Risk-on/risk-off investing describes a process where investors move to riskier potentially higher-yielding investments and then back again to investments which are perceived to have lower risk. Risk-return profile attempt to evaluate the historical and likely future returns on assets or markets, and the degree of risk associated with them. The S&P 500 Index includes 500 leading U.S. companies capturing approximately 80% coverage of available U.S. market capitalization. Sell-off refers to the rapid disposal of assets by investors. A share buyback or repurchase is a program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. Specific risk is risk that affects only a small number of assets, not the overall market. The spread is the difference between the quoted rates of return on two different investments, usually of different credit quality. Systemic risk is risk that could threaten a whole market or financial system. The U.S. Federal Reserve Board (Fed) is the board of governors of the Federal Reserve: it implements U.S. monetary policy. Valuation attempts to quantify the attractiveness of an asset, for example through looking a firm's stock price in relation to its earnings. Volatility is the degree of variation of a trading-price series over time. • CEO Fbsit - Blecl•frorke4 sysofi vi swoon Inks/ Cztoon 2. .22.15 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0118556 CONFIDENTIAL SDNY_GM_00264740 EFTA01458580