EFTA01367812

22 May 2015 US Equity Insights (Figure 39: S&P 500 sector performance (total returns) 12 Month YTD 3 Month 1 Month 1 Week Since 10/15/2014 MUM, Current Price vs Syr Hi h 201.5 PE Sector Wt. by Mkt C40 S&P 500 159% 4.1% 1.9% 1.6% 1.4% 15.6% 99.8% 7.7 Consumer Dscretrawy 22::n .._e 2.9% 0.9% 15% :7 Eis 98.9% 20.1 12.3% Consumer Staples 15.2% 2.3% 0.3% 1.0% 12.2% SILO% 0.4 9.6% Energy -IA% 78.8% 9.6 8.1% Financials 32.2% 3.9 163% aeanhCare st. I% IIiil-s ti 1011% 85 14.8% Industrials 10.3% 1.3% 98.1% 69 103% Information Technology 22.9% 5.1% L8% L6% 18.7% 998% 63 200% Materials 8.1% 5.3% L7% 12.6% 97.7% 8.4 3.2% Telecommunicatico Seiskes 6,1% 1.7% 2.4% 93.5% 4.3 2.3% uumes 11.6% 0,7% 89.8% SS 2.9% Nutt Two biggest ovaserlorming lundereerlormioel sectors are henagneed in green lredi MI secton wothin 5%of their S year Nen are Inhyhted In yellow Sant 0- en TOMO, Rani 'Figure 40: S&P 500 sector I 2in vs. 3m performance 3 Month Total Return 6% 5% 4% tagging but gamma • Leading Health Care and gain"; 3% *Frame% • Cons Disc 2% Telecom ggp 5001 Techex AAPL 717. - airmen 1% • Calf stapes 0% 4 ndustreil -1% • Energy Materials • I Lagging and • • mugs taking .2% slipping i but Swing -20% -10% 0% 10% 20% 12 Month Total Return sin* Donne brat Monson Runs., 30% 40% 'Figure 41: S&P 500 sector ytd vs. mtd performance 6% 5% Haab Care • 4% E 3% I-0We but gaining Final-aft • _Can lipti4 a,asto seisizerAi lacing and gaining 2% r Tech ar AAPL wean Dow 1% *UHlbes Materials 3 o 0% ° -1% is Telecom 2 -2% [Lagging and Leading -3% *pap i ns* ha sapping -4% -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% YTD Total Return San* Dead* ant. Mania. Ratan Deutsche Bank Securities Inc. Page 23 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059426 CONFIDENTIAL SDNY_GM_00205610 EFTA01367812