EFTA01385282

3 January 2018 HY Corporate Credit HY Multi Sector,Media Cable & Satellite i Figure 8: U.S. Housing Permits sane Osumi* Bet latentep Arent* LP, US Comm alai Sant Deno.* ant. BWItOdep Rnsice LP. US Ceffu &emu Figure 9: U.S. Housing Permits (1- Figure 10: U.S. Housing Permits Family) Hovslig Pernelf LFM (Figure 11: Select NAHB Housing Market Index Components NNE !busing Medal index (Compass a F0000) so 1 70. I0 so 40 101 0 91020061030.0?easn o to203A7iscsoilecomii721si47Tioiir —Ron San* OMANM NV* lloconOn Arne LP Moving Perentl Sane OSAKA* Belk St0190•Ip /Wen LP, US Genius Bantu Figure 12: U.S. Household Formations U.S. Household Fame bans 1000 2.000 MTh] M 6 6 6 6 6 66 666 66 az' :1 a a -O a a al 4 2 a 4 M. 4.000 4000 Sane Paso* Sent awns. p Figure 13: U.S. Homeownership Rate Homeownership Rate % 70.00 eaeo ow 4 67.00 66.00 i 65.00 saw 1 63.00 62.00 61.00 woo 59.00 . a ;-- it A a P.- A P. it A a it A it A FA F .and Death. aint US Come theme feemen Ana LP Deutsche Bank Securities Inc. Page 7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086566 CONFIDENTIAL SDNY_GM_00232750 EFTA01385282