EFTA Document EFTA01367814

22 May 2015 US Equity Insights Figure 45: YTD total returns of thematic plays 4% • 7% 6% • 5% • 4% 3% 2% 1% 1 I ICRed/ 70/ 4" clecy 0, 041 4/14, ojrY ceboi 2""/ Settee SOP. D-ursuove ttina. lhen.M likarbrp r.wo. !Figure 46: YTI) total returns of thematic plays and underlying sectors and baskets YTD Total Returns Cyclicals 2.7% Credit vs. Commodity Play Consumer Discretionary 6.8% Financials 1.2% Energy 0.3% Energy 0.3% Financials 1.2% Capes 3.9% Industrials 1.3% Industrials 1.3% Materials 5.3% Energy Equipment & Services 3.8% Defensives 5.6% Information Technology 5.4% Utilities -4.6% DBUSBRTE (Reasonable PE Tech) -6.0% Telecommunication Services 6.1% Consumer 4.8% Consumer Staples 2.3% Consumer Discretionary 6.8% Health Care 10.1% Consumer Staples 2.3% Information Technology 5.4% Dividend Growth 3.5% Domestic Cyclicals 3.6% Financials 1.2% Consumer Discretionary 6.8% Information Technology 5.4% Financials 1.2% Dividend Yield (Bond Substitutes) 1.1% DBUSDMST (US Domestic Strength)' 5.8% Utilities -4.6% Global Cyclicals 3.3% Telecommunication Services 6.1% Energy 0.3% REITs -0.4% Industrials 1.3% Consumer Staples 2.3% DBUSCICG (Challenged Cap Goods) • 3.7% Share Buybacks 6.1% Materials 5.3% Consumer Discretionary 6.8% 5.4% Information Technology 5.4% Value 0.9% Industrials 1.3% Energy 0.3% Health Care 10.1% Financials 1.2% Repatriation Holiday Beneficiaries Cyclical Growth 4.2% DBUSHIFC (High Foreign Cash) • 1.3% Consumer Discretionary 6.8% Strong Dollar Industrials 1.3% High foreign sales (139 Cos) 2.6% Secular Growth 7.4% No foreign sales (139 Cos) •• 3.8% Health Care 10.1% Small Cap vs. Large Cap Information Technology 5.4% Russell 2000 4.9% S&P S00 ex. Secular Growth 2.4% S&P S00 4.1% • Returns of stock baskets are price returns • • Equal-weighted total return Sane Salt Nasal* as* Thomsen Aran Seentiev Mara LP Deutsche Bank Securities Inc. Pago 25 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00205612 DB-SDNY-0059428 EFTA01367814