EFTA01362941

CYES ILLUSTRATION ON BALANCED PORTFOLIO* di\ HA C 2 26.0 24.0 22.0 20.0 18.0 16.0 14.0 12.0 10.0 8.0 6.0 Over lay $20mm Overlay SlOmm Overlay Portfolio wob SI a.. .0, aw wino et ow •. • to de • ors 2008 2009 2010 2011 2012 2013 2014 • Portfolio assumes equal allocations (1/3 each) on 04/01/08 to cash, bonds and equities: Cash • Citigroup 3m Treasury-bill; Bonds w Barclays Municipal Bond Index; Equities • S&PSOOTotal Return Index. • Overlay returns reflect actual composite of client returns (net of fees and expenses). 2015 2016 2017 2018 On same underlying portfolio, clients have the flexibility to select an overlay size that targets their cash flow, return or risk objective RVEST 7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00198879 DB-SDNY-0052695 EFTA01362941