EFTA Document EFTA01365345

Deutsche Bank Secutities Inc. 0 -1 e w Appendix A: Bacl<test Results . ? ., g Z' 3 g. g r a Z (Figure 34: Comparing performance under rising and falling markets: Equity vs. various 1IIM call option strategies 0 0 co -. Dec-02 to Oct-07 Oct-07 to Mar-09 Mar-09 to Up-13 Apr-13 to Sep-13 Dec-02 to Sep-13 Dec-02 to Apr-13 41 Return Vol Return Vol Return Vol Return Vol Return Vol ReVVol Return Vol RetNol of Equity 133% 128% -55.3% 37.8% 223% 18.7% 189% 11.