Epstein Secrets

S&P 500 3.0% Returns of stock baskets ore price returns * • Equal-weighted total return Sews Slit bunts 3.* ?Tanen Mann Setttwg Mona tP Page 44 Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00265497 DB-SDNY-0119313 EFTA01459089

lobal Cyclicals 0.9% Telecommunication Services 2.0% Energy -13.1% REITs 1.5% Industrials 0.2% Consumer Staples 3.7% DBUSCICG (Challenged Cap Goods) • -9.9% Share Buybacks 6.8% Materials -4.5% Consumer Discretionary 12.5% information Technology 8.2% Information Technology 8.2% Value

P 500 -6.1% " Returns of stock baskets are price returns " Equal-weighted total return Sans SM Deane &eft Moessees Man Elesennep An LP Page 42 Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0120224 SDNY_GM_00266408 EFTA01459648

al Cyclicals -5.8% Telecommunication Services 8.1% Energy -4.3% REITs -4.6% Industrials -4.9% Consumer Staples -1.5% DBUSCICG (Challenged Cap Goods) -15.0% Share Buybacks -7.1% Materials -- ---------- Information Technology -5.3% --- -6.7% Consumer Discretionary Information Technology -

P 500 -6.1% " Returns of stock baskets are price returns " Equal-weighted total return Sans SM Deane gat Moessees Man Elesennep Anne LP Page 42 Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 120436 SDNY_GM_00266620 EFTA01459764

al Cyclicals -5.8% Telecommunication Services 8.1% Energy -4.3% REITs -4.6% Industrials -4.9% Consumer Staples -1.5% DBUSCICG (Challenged Cap Goods) -15.0% Share Buybacks -7.1% Materials -- ---------- Information Technology -5.3% --- -6.7% Consumer Discretionary Information Technology -

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

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% En

0% 0.0% 0.0% 2.2% 2.0% 4.2% 1.5% 2.9% 4.5% 4.0% -1.3% 2.7% 4.4% -0.6% 3.8% 3.1% -3.0% 0.1% EFTA01476509 US Equity Insights 20 November 2015 Deutsche Bank Securities Inc. Page 41 Figure 70: What to buy now (mid and small caps)? DB Buy-rated non-S&P 500 stocks in our OW industries with market cap > $800m, PE on 2015

Cyclicals Consumer Discretionary Financials DBUSDMST (US Domestic Strength) * Global Cyclicals Energy Industrials Value DBUSCICG (Challenged Cap Goods) * Information Technology Energy Materials Financials Cyclical Growth Consumer Discretionary Industrials Secular Growth Health Care Informa