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Growth & Income Strategy returns Performance I for taxable client ending 3/31/15 • CIO Strategies w/ U.S. Core Equity as U.S. Large Cap Vehicle Blended Benchmark 9 8 7 6 5 4 3 2 1 0 2.95 1.59 6.94 3.36 7.90 6.61 7.76 6.59 6.65 5.36 1Q15 1 Year 3 Year 5 Year % Annualized Performance Gross of Fees 10 Year 6.41 1/1/05-3/31/15 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 CIO Strategies - Growth and Income 4.37% 12.79% 12.03% -1.03% 11.33% 23/8% -23.04% 10.92% 11.78% 7.03% Blended Benchmark 3.01% 11.60% 10.86% -0.89% 9.84% 21.71% -23.96% 7.97% 11.92% 5.67% 0> Chad reflects model returns, not actual client returns. Past performance is no guarantee of future results. The returns shown in this document do not reflect Deutsche Bank management fees. The strategies above are for taxable clients where hedge funds are suitable. The CIO Strategy model portfolios commenced on 1/1/05. Please note that returns for the CIO strategy reflect the Core Equity composite as the U.S. large cap implementation vehicle. Please refer to the Important Notes on the next page for detailed information regarding performance and to the Additional Information page at the end of this document for descriptions of the blended benchmarks. Detailed information regarding the WM-Americas Core Equity composite can be found in the WM —Americas Core Equity pitchbook which can be provided upon request. Deutsche Asset °Wer3ith Manaoelm,, CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0050065 SDNY_GM_00196249 EFTA01361144