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nges to 2016 GDP Estimate 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% U.S. Europe Footnotes: Data as of March 2016. Data as of March Source: Deutsche Asset Management, Deutsche Bank Wealth Management. UK November 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as
vesco Asia Pacific Growth Fund WM Intermediate Tax Exempt Fixed Income — Individual Securities ABEMX ASIYX N/A Blackrock High Yield Fund BHYIX MFS Emerging Market Debt Fund MEDIX BlackRock Infl Protected Bond Fund BPRIX Invesco AIM European Growth db X-Trackers MSCI Europe Hedged Equity Fund Wisdomtree Japan Hedged E
nges to 2016 GDP Estimate 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 1.0% U.S. Europe Footnotes: Data as of March 2016. Data as of March Source: Deutsche Asset Management, Deutsche Bank Wealth Management. UK November 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as
vesco Asia Pacific Growth Fund WM Intermediate Tax Exempt Fixed Income — Individual Securities ABEMX ASIYX N/A Blackrock High Yield Fund BHYIX MFS Emerging Market Debt Fund MEDIX BlackRock Infl Protected Bond Fund BPRIX Invesco AIM European Growth db X-Trackers MSCI Europe Hedged Equity Fund Wisdomtree Japan Hedged E
being offered for direct purchase. The appropriate implementation vehicle for the cash allocation will be chosen based on the client's tax status. Deutsche Asset ;."nth Manaoen 5 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0083468 CONFIDENTIAL SDNY_GM_00229652 EFTA01383687
Alternative Investments & ca Hedge WM Intermediate Fixed Income N/A BlackRock High Yield Fund BFIYIX BlackRock Inflation Protected Bond Fund MFS Emerging Market Debt Fund Deutsche Cash Management Fund Lighthouse Global Long/Short Fund LP (Directional) Prisma Spectrum Fund LP (Non-directional) Commodities Deutsche
Entities connected to both Deutsche Asset & Wealth Management and MFS Emerging Market Debt Fund

Paul Morris
PERSON
Deutsche Bank
ORGANIZATION
Bloomberg L.P.
ORGANIZATIONDeutsche Bank Trust Company Americas
ORGANIZATION
United States
LOCATION
Frankfurt
LOCATION
New York University
ORGANIZATIONJoseph Dursi
PERSON
Julie K. Brown
PERSONBloomberg Finance LP
ORGANIZATIONLarry Adam
PERSONTreasury Inflation Protected Securities
ORGANIZATION
Finland
LOCATION
Denmark
LOCATIONthe Deutsche Bank Group
ORGANIZATION
Norway
LOCATION
New Zealand
LOCATION
Moody's
ORGANIZATIONEuropean Equity
ORGANIZATIONInternational Herald Tribune
ORGANIZATION