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its affiliates. Opinions expressed herein may differ torn those expressed by departments or other divisions or affiliates of Deutsche Bank tresesche Bank' means Deutsche Bank AG and its affiliated companies. as the corded requires Weakh Management refers to Deutsche Bank's weals management activities fo
% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% -- — Directional HF 20% 2.0% 40% 40% 40% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 20% 1.0% 2.0% 1.0% 1.0% 100.0% 2.5% 100.0% 100.0% 100.0% 10
its affiliates. Opinions expressed herein may differ torn those expressed by departments or other divisions or affiliates of Deutsche Bank tresesche Bank' means Deutsche Bank AG and its affiliated companies. as the corded requires Weakh Management refers to Deutsche Bank's weals management activities fo
% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% -- — Directional HF 20% 2.0% 40% 40% 40% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 20% 1.0% 2.0% 1.0% 1.0% 100.0% 2.5% 100.0% 100.0% 100.0% 10
its affiliates. Opinions expressed herein may differ torn those expressed by departments or other divisions or affiliates of Deutsche Bank tresesche Bank' means Deutsche Bank AG and its affiliated companies. as the corded requires Weakh Management refers to Deutsche Bank's weals management activities fo
% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% -- — Directional HF 20% 2.0% 40% 40% 40% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 20% 1.0% 2.0% 1.0% 1.0% 100.0% 2.5% 100.0% 100.0% 100.0% 10
its affiliates. Opinions expressed herein may differ torn those expressed by departments or other divisions or affiliates of Deutsche Bank tresesche Bank' means Deutsche Bank AG and its affiliated companies. as the corded requires Weakh Management refers to Deutsche Bank's weals management activities fo
% Hedge Funds 7.0% 7.0% 8.5% 8.5% 7.0% 7.0% 6.0% 6.0% Non-directional HF 5.0% 5.0% 4.5% 4.5% 3.0% 3.0% -- — Directional HF 20% 2.0% 40% 40% 40% 4.0% 6.0% 6.0% Commodities 2.0% 1.0% 20% 1.0% 2.0% 1.0% 1.0% 100.0% 2.5% 100.0% 100.0% 100.0% 10
Entities connected to both Bank' and Directional HF

Deutsche Bank
ORGANIZATIONTreasury Inflation Protected Securities
ORGANIZATIONMaximum Growth
ORGANIZATIONthe Regional Investment Committee
ORGANIZATIONWealth Pytenagement
ORGANIZATIONAsia Echo
LOCATIONWeakh Management
ORGANIZATION
Russell Crowe
PERSONel S.
LOCATION