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nformation The asset allocations described herein are formulated by the Regional Investment Committee (RIC) within Deutsche Bank Wealth Management (Deutsche Bank WM) and may utilize the following asset class components: U.S. large cap equity, U.S. small cap equity, Europe equity, Japan equity, Pacific ex-Japan
iliates of Deutsche Bank. "Deutsche Bank" means Deutsche Bank AG and its affiliated companies, as the context requires. Wealth Management refers to Deutsche Bank's wealth management activities for highnet-worth clients around the world. Deutsche Bank Wealth Management 9 EFTA01477954 Growth Tactical alloca
no sales charges and no conflict of interest. Deutsche Bank products are excluded from calculation of the billable assets for advisory fee charge. No Deutsche Bank commission charged on trades. Commission on trades are only charged by the counterparty. Fees are subject to change without notice. Further inform
isor regarding any tax matters addressed herein based on its particular circumstances. All trademarks and service marks on this statement belong to Deutsche Bank AG or its affiliates, except third-party trademarks or service marks, which are the property of their respective owners. "Deutsche Bank" means Deutsc
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
nformation The asset allocations described herein are formulated by the Regional Investment Committee (RIC) within Deutsche Bank Wealth Management (Deutsche Bank WM) and may utilize the following asset class components: U.S. large cap equity, U.S. small cap equity, Europe equity, Japan equity, Pacific ex-Japan
iliates of Deutsche Bank. "Deutsche Bank" means Deutsche Bank AG and its affiliated companies, as the context requires. Wealth Management refers to Deutsche Bank's wealth management activities for highnet-worth clients around the world. Deutsche Bank Wealth Management 9 EFTA01478024 Growth Tactical alloca
no sales charges and no conflict of interest. Deutsche Bank products are excluded from calculation of the billable assets for advisory fee charge. No Deutsche Bank commission charged on trades. Commission on trades are only charged by the counterparty. Fees are subject to change without notice. Further inform
isor regarding any tax matters addressed herein based on its particular circumstances. All trademarks and service marks on this statement belong to Deutsche Bank AG or its affiliates, except third-party trademarks or service marks, which are the property of their respective owners. "Deutsche Bank" means Deutsc
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
Bank AG or its affiliates. Opinions expressed here* may differ tom those expressed by departments or other divisions or aftliates of Deutsche Bank 'Deutsche Bank' means Deutsche Bank AG and ib. affiliated companies, as the context requite. Wealth Managerniert refers to Deutsche Banks wealth management activitie
eed by Deutsche Bank AG or its affiliates. Opinions expressed here* may differ tom those expressed by departments or other divisions or aftliates of Deutsche Bank 'Deutsche Bank' means Deutsche Bank AG and ib. affiliated companies, as the context requite. Wealth Managerniert refers to Deutsche Banks wealth manage
A 16.0% $8,000,000 High Yield Bonds Blackrock High Yield Fund BHYIX 3.0% $1,500,000 Intl Bonds- Hedged Emerging Market Bonds MFS Emerging Market Debt Fund MEDIX 1.0% $500,000 TIPS BlackRock Infl Protected Bond Fund BPRIX 1.0% $500,000 Cash 3.5% $1,750,000 Alternatives 8.0% $4,000,000
Entities connected to both Deutsche Bank and MFS Emerging Market Debt Fund

Julie K. Brown
PERSON
Paul Morris
PERSON
United States
LOCATIONDeutsche Bank Trust Company Americas
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Frankfurt
LOCATION
Moody's
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATION
Milan
LOCATION
Baltimore
LOCATION
New Zealand
LOCATION
New York
LOCATIONAlex. Brown
PERSON
New York University
ORGANIZATIONthe Deutsche Bank Group
ORGANIZATION
Norway
LOCATION
Madrid
LOCATION
Denmark
LOCATION
Finland
LOCATIONBloomberg Finance LP
ORGANIZATION