EFTA01432474.pdf

Epstein Preferred Basket Selected List of Preferred Equity Securities All data as of June 24, 2016 Source: Bloomberg Financial, LP and Deutsche Wealth Management Preferred Equity Information Issuer Name Preferred Equity Symbol Cusip Amount to Invest ($MM) Weight Average Daily Volume - 30 Day Periodl Div. Moody's Rating S&P Rating Ask Yield Weighted Average Yie Id Call Date Yield-to-Call Industry Issue Date Issue Size (5MM) 5% o f Issue QDI DRD BB&T CORPORATION bbt h pfd 054937875 0.90 0.045 117433.56666666667 5.62 5 Baal BBB- 26.20 5.401998739533628 E7*K7=0.24308994327901326 6/1/2021 4.628434043658053 Banks 3/9/2016 18.60 0.9300000000000002 Yes Yes CAPITAL ONE FINANCIAL CO cof d pfd 14040H709 1 0.05 44856.833333333336 6.70 Baa3 BB 28.20 5.980170231545646 ES*K8=0.2990085115772823 12/1/2019 2.9165211484410736 Banks 10/31/2014 20 1 Yes Yes CAPITAL ONE FINANCIAL CO cof f pfd 14040H881 0.20 0.01 67951.16666666667 6.20 Baa3 BB 26.88 5.804488596468416 E9*K9=0.05804488596468416 12/1/2020 4.4380257462671855 Banks 8/24/2015 20 1 Yes Yes CHARLES SCHWAB CORP schw c Pfd 808513402 1 0.05 64006.03333333333 6 Baa2 BBB 26.70 5.654154232762683 E10*K10=0.2827077116381342 12/1/2020 4.41 51726956533555 Diversified Finan Sery 8/3/2015 24 1.2000000000000002 Yes Yes CHARLES SCHWAB CORP schw d Pfd 808513600 1 0.05 195194.93333333332 5.95 Baa2 BBB 26.61 5.6258199396183 Ell*K11=0.28129099698091503 6/1/2021 4.5861192388 14494 Diversified Finan Sery 3/7/2016 30 1.50 Yes Yes DIGITAL REALTY TRUST INC Dlr g Pfd 253868889 0.50 0.025 19192.833333333332 5.875 Baa3 BB+ 25.42 5.788149618878399 E12*K12=0.14470374047195997 4/9/2018 4.873582162763858 REITS 4/9/2013 10 0.50 No No DTE ENERGY CO dtj pfd 233331800 0.60 0.03 115390.90 5.375 Baal BBB- 25.1 9 5.355886181190875 E13*K13=0.16067658543572624 6/1/2021 5.308902917263306 Electric 5/27/2016 12 0.6000000000000001 No No EBAY INC ebayl Pfd 278642202 1 0.05 176080.83333333334 6 Baal BBB+ 26.33 5.761659357895074 E14*K14=0.28808296789475374 3/1/2021 4.9504999374 82363 Internet 2/29/2016 30 1.50 Not Confirmed Not Confirmed GENERAL ELECTRIC CO gek pfd 369622394 1 0.05 43959.166666666664 4.70 Al AA+ 26.30 4.492210316153903 E15*K15=0.22461051580769517 5/16/2018 2.1754500914 471913 Miscellaneous Manufactur 5/16/2013 30 1.50 Not Confirmed Not Confirme d JPMORGAN CHASE & CO JPM f Pfd 48127R461 1 0.05 115915.06666666667 6.12 5 Baa3 BBB- 26.70 5.786642172943184 E16*K16=0.2893321086471592 3/1/2020 4.255302945633167 Banks 2/12/2015 57.20 2.8600000000000003 Yes Yes JPMORGAN CHASE & CO JPM h Pfd 48127V827 1 0.05 135040.96666666667 6.15 Baa3 BBB- 26.71 5.808279552967102 E17*K17=0.29041397764835514 9/1/2020 4.46 9681687884059 Banks 7/29/2015 46 2.3000000000000003 Yes Yes KKR KRPPP pfd 48248M300 0.30 0.015 249212.60 6.50 NR BBB+ 25.1 5 6.465874550980934 E18*K18=0.09698811826471401 9/15/2021 6.400491927275921 Private Equity 6/20/2016 6.20 0.31000000000000005 No No NEXTERA ENERGY CAPITAL nee j Pfd 65339K886 0.90 0.045 33362.933333333334 5 Baa2 BBB 26.02 4.850601474582849 E19*K19=0.21827706635622818 1/15/2018 2.97 028757958724 Electric 1/18/2013 18 0.90 No No NEXTERA ENERGY CAPITAL nee k Pfd 65339K100 1 0.05 379377 5.25 Baa2 BBB 25.14 5.233666598822841 E20*K20=0.261683329941142 6/1/2021 5.194381138260159 Electric 6/7/2016 22.80 1.1400000000000001 No No PITNEY BOWES PBI B pfd 724479506 0.60 0.03 21205.333333333332 6.70 Baa2 BBB 27.15 6.206656974126063 E21*K21=0.18619970922378187 3/7/2018 1.7665150483 006375 Office/Business Equip 3/7/2013 17 0.8500000000000001 Not Confirmed Not Confirmed PUBLIC STORAGE psa b pfd 74460W776 0.60 0.03 61896.73333333333 5.40 A3 NR 26.03 5.194555336443654 E22*K22=0.1558366600933096 1/20/2021 4.3943037209 81691 REITS 1/20/2016 12 0.6000000000000001 No No PUBLIC STORAGE psa c pfd 74460W750 0.40 0.02 255596.20 5.125 A3 BBB+ 25.51 5.03025994447629 E23*K23=0.10060519888952581 5/17/2021 4.652667958471097 REITS 5/17/2016 8 0.40 No No STANLEY BLACK & DECKER INC SWJ pfd 854502705 1 0.05 49770.166666666664 5.75 Baa2 BBB+ 26.25 5.4878776229801565 E24*K24=0.2743938811490078 7/25/2017 1.25 84496874481592 Hand/Machine Tools 7/25/2012 30 1.50 No No STATE STREET CORP stt e pfd 857477889 1 0.05 49335.63333333333 6 Baal BBB 27.32 5.514030143364784 E25*K25=0.2757015071682392 12/15/2019 3.22 67623238091896 Banks 11/25/2014 30 1.50 Yes Yes STATE STREET CORP stt d pfd 857477608 1 0.05 69896.93333333333 5.90 Baal BBB 28.24 5.244392648319623 E26*K26=0.2622196324159812 3/15/2024 3.97 4876191760276 Banks 3/4/2014 30 1.50 Yes Yes US BANCORP usb m pfd 902973833 1 0.05 88275.60 6.50 A3 BBB 30.87 5.330259702097708 E27*K27=0.2665129851048854 1/15/2022 2.2415018356034446 Banks 1/23/2012 44 2.2 Yes Yes VERIZON COMMUNICATIONS vza pfd 92343V302 1 0.05 39965.40 5.90 Baal BBB+ 27.55 5.398865323220204 E28*K28=0.2699432661610102 2/15/2019 2.1783801364690816 Telecommunications 2/6/2014 20 1 No No WELLS FARGO & COMPANY wfc v pfd 94988U730 1 0.05 75688.4 6 Baa2 BBB 26.75 5.632040050062578 E29*K29=0.2816020025031289 12/15/2020 4.323780083714853 EFTA01432474 Banks 9/15/2015 40 2 Yes Yes WELLS FARGO & COMPANY wfc r pfd 949746465 1 0.05 153945.13333333333 6.62 5 Baa2 BBB 29.66 5.608478797128271 E30*K30=0.28042393985641356 3/15/2024 3.857472519617525 Banks 12/18/2013 33.60 1.6800000000000002 Yes Yes TOTAL SUBTOTAL(9,D7:D30)=20 SUBTOTAL(9,E7:E30)=1.0000000000000004 SUBTOTAL(9,L7:L30)=5.4923492 42473046 1. Average Daily Volume is over 10 trading days for DTE Energy and Nextera Energy Capital, and 5 day s for KKR. For internal use only EFTA01432475 Basket Stats Key Facts Call Date Breakdown Industry Breakdown Total Amount Invested 520MM Year Count 5MM t Industry Count $MM Number of Issuers 17 2016 0 0 0 Banks 10 9.10 0.4549999999 999999 Number of Issues 24 2017 1 1 0.05 Electric 3 2.50 0.12 499999999999997 Average S&P Rating BBB 2018 4 3 0.15 Diversified Finan Sery 2 2 0.09999999999999998 Average Moody's Rating Baa2 2019 3 3 0.15 REITS 3 1.50 0.0749999999 9999998 Average YTM (%) 5.492349242473046 2020 5 4.199999999999999 0.20999999999999996 Hand/Machine Tools 1 1 0.04999999999999999 Average Call Date 8/13/2020 2021 8 5.800000000000001 0.29000000000000004 Internet 1 1 0.04 999999999999999 Average Issuance Size 527.96MM 2022 1 1 0.05 Miscellaneous Manufactur 1 1 0.04999999999999999 2023 0 0 0 Telecommunications 1 1 0.04999999999999999 2024 2 2 0.10 office/Business Equip 1 0.60 0.029999999999999992 Total 24 20 1 Private Equity 1 0.30 0.014999999999999996 Total 24 20.000000000000004 0.9999999999999999 Issuer Summary S&P Ratings Breakdown Moody's Ratings Breakdown Issuer Name Count $MM Rating Count $MM Rating Count $MM CAPITAL ONE FINANCIAL CO 2 1.20 0.059999999999999984 AAA- 0 0 0 Aaa 0 0 0 JPMORGAN CHASE & CO 2 2 0.09999999999999998 AA+ 1 1 0.05 Aa1 O 0 0 CHARLES SCHWAB CORP 2 2 0.09999999999999998 AA 0 0 0 Aa2 O 0 0 WELLS FARGO & COMPANY 2 2 0.09999999999999998 AA- 0 0 0 Aa3 O 0 0 NEXTERA ENERGY CAPITAL 2 1.90 0.09499999999999997 BBB+ 3.70 0.185 Al 1 1 0.05 STATE STREET CORP 2 2 0.09999999999999998 BBB 10 9.50 0.475 A2 O 0 0 EBAY INC 1 1 0.04999999999999999 BBB- 4 3.50 0.175 A3 3 2 0.10 GENERAL ELECTRIC CO 1 1 0.04999999999999999 BB+ 1 0.50 0.025 Baal 6 5.50 0.275 PUBLIC STORAGE 2 1 0.04999999999999999 BB 2 1.20 0.06 Baa2 8 7.50 0.375 STANLEY BLACK & DECKER INC 1 1 0.04999999999999999 BB- 0 0 0 Baa3 5 3.70 0.185 US BANCORP 1 1 0.04999999999999999 B+ 0 0 0 Bal 0 O 0 VERIZON COMMUNICATIONS 1 1 0.04999999999999999 B 0 0 0 Ba2 O 0 0 BB&T CORPORATION 1 0.90 0.04499999999999999 B- 0 0 0 Ba3 O 0 0 DTE ENERGY CO 1 0.60 0.029999999999999992 NR 1 0.60 0.03 NR 1 0.30 0.015 PITNEY BOWES 1 0.60 0.029999999999999992 Total 24 20 1 Total 24 20 1 DIGITAL REALTY TRUST INC 1 0.50 0.024999999999999994 KKR 1 0.30 0.014999999999999996 Total 24 20.000000000000004 1.0000000000000002 For internal use only EFTA01432476