EFTA01460033.pdf

Growth & Income with Hedge Funds - Taxable A History of Consistent Performance Excess Returns versus Benchmark Jan 2005 — Dec 2015 5% - 1 yr Rolling Periods 4% 3 yr Rolling Periods 3% Best Period 5 yr Rolling Periods 2% 1.28"/0 1A Median 0.95% 1% 0% Worst Period -1% Rolling Periods — Monthly Data Batting 108 of 121 Periods 97 of 97 73 of 73 Average: 89% 100% 100% DEFINITION of Batting Average - A statistical measure used to measure an investment manager's ability to meet or beat an index. Batting average is calculated by dividing the number of days (or months, quarters, etc.) in which the manager beats or matches the index by the total number of days (or months, quarters. etc.) in the period of question and multiplying that factor by 100. DEFINITION of 'Rolling Returns'-- The annualized average return for a period ending with the listed year. Rolling returns are useful for examining the behavior of returns for holding periods similar to those actually experienced by investors. Note: The performance above is based upon the Deutsche Bank Growth & Income with Hedge Funds Model Portfolio for Taxable Clients. Chart reflects model returns gross of fees, not actual client returns.. Deutsche Bank 17 Wealth Maniioement CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0120907 CONFIDENTIAL SDNY_GM_00267091 EFTA01460033