EFTA01364413.pdf

For Key Client Partner Clients or t Distribution. Deutsche Bank Wealth Management Risk Premia Investment Overview Multi-Asset Class 5% Target Volatility Portfolio Risk Previte Portfolio Weights Overview • The Portfolio is a 5% Volatility-Targeted Portfolio with weights to the underlying premia systematically adjusted based on a risk-weighted (Equal Risk Contribution) allocation methodology. Risk-Weighting • The weights for the basket of risk premia are set based on an Equal Risk Contribution approach and rebalanced quarterly to these weights. • Risk-weights for the relative allocations within the basket are set based on 1-year trailing realized volatilities and correlations. Volatility-Targeting • The allocation to the basket of risk premia is adjusted daily to achieve a volatility target of 5%. • The allocation is based on two measures of short-term trailing realized volatility. 3.1% 3.8% • Equity Implied Dividend Premium • Equity Low Beta 7.3% 5.2% 14.8% Equity Momentum • Equity Quality 4.0% • Equity Value ■ Currency Momentum 15.0% 6.8% • Currency Value • Rates Municipal Arbitrage Carry 12.4% 14.7% • Equity Mean Reversion • Rates Momentum 8.0% • Commodity Curve Pair •Commodity Momentum 4.8% Deutsche Bank (which Includes Deutsche Bank AG, Ks branches and all affiliated companies) Is not acting as your or any of your agents' (collectively, "You" or "Your") financial adviser, consultant or fiduciary with respect to any information provided In the materials attached hereto. Deutsche Bank does not provide Investment, legal, tax or accounting advice and does not express any opinion or recommendation whatsoever as to any strategies, products or any other information presented In the materials. Information contained herein is being provided solely on the basis that It has not and will not form a primary basis for any investment decision, and does not constitute a recommendation. or express an opinion on. any product or service or any trading strategy. The information contained herein is provided solely for Your internal use on the bases that You have such knowledge and experience in financial and business mailers to be capable of evaluating the merits and risks associated with such information. Investments in products and strategies described herein could incur substantial loss and may not be suitable for al investors. Other alternatives may be available. including through other dealers. You should make all Independent assessment, In consultation with Your tax, legal, accounting and other advisors, of the Information herein in light of Your own objectives and circumstances. The ultimate responsibility for Your decision to rely on information contained herein rests solely with You. The reformation herein has been compiled from sources believed to be reliable, including third party depositories and/or other information vendor sources, and may include calculations based on algorithms (including inputs, methodology and output) that aro designed. maintained and/or managed by third parties. Deutsche Bank does not guarantee the accuracy and/or completeness of the information contained herein and shall not be held liable for any errors. omissions or misintenwelations. Deutsche Bank has no obligation lo update, modify or amend the information provided herein. Deutsche Bank may engage n severities transactions, on a proprietary basis or otherwise, in a manner that is inconsistent with information that is contained n the attached materials. DEUTSCHE BANK SPECIFICALLY DISCLAIMS ALL LIABILITY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, SPECIAL OR OTHER LOSSES OR DAMAGES INCLUDING LOSS OF PROFITS INCURRED BY YOU OR ANY THIRD PARTY THAT MAY ARISE FROM ANY RELIANCE ON THE INFORMATION CONTAINED IN THESE MATERIALS. The distribution of this document and availabily of these products and services in certain jurisdictions may be restricted by law. You may rot distribute this document. in whole or in part. WileOUI OW express written permission. DB is authorized under German Banking Law (competent authority: BaFin - Federal Financial Supervising Authority) and regulated by the Financial Services Authority for the conduct of UK busness. In the US this document is approved and or distributed by Deutsche Bank Securities Inc.. a member of the NYSE,FINRA,NFA and SIPC. Structured securities, derivatives and options ale complex instruments that aro not suitable for all investors. may involve a high degree of risk, and may be appropriate investments only for sophisticated investors who are capable of understanding and assuming the asks involved. Supporting documentation or any claims. comparisons. recommendations. statistics or other technical data will be suppled upon request. Any trade information is pref.-ninety and lea intended as an official I transaction confirmation. Please read the ChalaClecielleS and Risks of Standardized Options at the folloning link. htlainvww theocc com'comoonentsidocsfriskstoc.odf. Because of the importance of lax considerations to many option transactions. the invoslor considering options should consult with hisMer lax advisor as to how taxes affect the outcome of contemplated option transactions. Please note that multi-km option strategies will incur multiple commission charges. t CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0054949 CONFIDENTIAL SDNY_GM_00201133 EFTA01364413