EFTA Document EFTA01367853

Strategic and tactical allocations Proposed allocations for taxable client (where hedge funds are suitable) Income Strategic Tactical Growth & ircome Strategic Tactical Growth. Strategic Tactical Maximum Growth Strategic Tactical CRAMS 49.0% 67.0% 64.5% U.S. Large Cap 15.0% 15.0% 23.5% 23.5% 33.0% 33.0% 42.0% 42.0% U.S. Small Cap 2.0% 1.5% 2.5% 2.0% 3.5% 3.0% 4.0% 3.0% EAFE 11.5% 11.0% 17.0% 16.0% 22.5% 21.5% 29.0% 27.5% European 7.5% 7.0% 11.5% 10.5% 150% 14.0% 20.0% 18.5% Japan 2.5% 2.5% 3.0% 3.0% 4.5% 4.5% 5.5% 5.5% Pacific ex-Japan 1.5% 1.5% 2.5% 2.5% 3.0% 3.0% 3.5% 3.5% Emerging Market 4.0% 3.5% 6.0% 5.5% 8.0% 7.0% 9.5% 8.5% Core Emir Mkts Equity 2.0% 3.5% 4.5% 5.5% Erna Mkls Asia Equity 1.5% 2.0% 2.5% 3.0% Frxtsi Income & Cash 58 5,s 40.5% 24.0% 7.0% Municipal Bonds 50.5% 50.5% 32.0% 32.0% 16.0% 16.0% High Yield Bonds 2.0% 3.0% 2.0% 3.0% 2.0% 3.0% 2.5% 4.0% Intl Bonds- Hedged Emerging Market Bonds 2.0% 2.5% 2.5% 3.0% 2.0% 2.5% 2.5% 3.5% TIPS 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% Cash 2.0% 3.0% 2.0% 3.5% 2.0% 4.0% 2.0% 4.5% Z2521==l1 90% 1O5% 9.0% 8.5% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-dlrectional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% Directional HF 2.0% 2.0% 4.0% 4.0% 4.0% 4.0% 6.0% 6.0% Cornmodkies 2.0% 1.0% 2.0% 1.0% 2.0% 1.0% 2.5% 1.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Source. internal sources. Last asset aecication change was 'i015 and is reviewed monthly Allocation reocrnmentionoris we subject to change without notice. The 'strategic allocation' represents our longer term outlook on ponfollo &vete/tic-4bn and serves as a frame of reference for our short-term tactical adjustments for U.S. clients Actual portfolio 00111DOSbOri and performance will vary within the strategic range based upon active market judgments. altering the allocation and adjusting withn asset classes Neither this Allocation Table nos any of its contends may be used for any purpose with th nd out e consent a knowledge of Deutsche Bard It t may not be reproduced or circulated without our mitten atthority The asset allocations desubed herein are formulated by the Regional Investment Commfitee unthin Wealth Management(RIG, and rnay ilifize the following asset class components' tr. S large core equity. U.S. small cap equity, Japan equity. Europe equity. Pacific ex-Japan equity. emerging markets equity. U S fixed income. U.S. Pugh-yield bonds, international bonds. emerging market bonds. municipal bands. Treasury Inflation Protected Securities, hedge funds. Real Estate Investmerl Trusts. commodities, and cash The RIC currently recognizes four basic investment strategies. Income, Growth & Income. Gratrth. and Mmennen Growth. The strategy selected is based upon the indnedual investor's objectives and risk tolerance. Your selected portfolio muss® determine the specific allocation to the asset classes represented by these vehicles This document is for rifarmation maposes only Not intended to be an offer or solicitation The pa:kite:tearer services above are not at:reamer& for everyone. An :minded party must make hisiber own independent legal, tax, accounting and financial evaluation of their meets arid risks. Deutsche Bank does not provide tax, legal. or accountev advice These products and services are not insured bx any governmental entity and are subject to investmere risk inoludfieg possible loss of principal Availability of these products aixi services may be =inked by applicable law. These ,„-^roducts: are not FOR. insured and are not obligations of rear gimranteed by Deutsche Bank AG or its affiliates. Opinions expressed harem may .drfler from those *expressed by departments or other divisions or affiliates of Deutsche Bank 'Deutsche Bark' means Deutsche Bank AG and its affiliated companies, as the cortext requees. Wealth Management meters to Deutsche Sant:stye:al/I management activities fir nigh- net-worth clients around the world. Deutsche Asset Wtnith Manaoement 1 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0059477 SDNY_GM_00205661 EFTA01367853