Epstein Secrets

.4 16.3 Semiconductors Software Communications Equipment Electronic Equipment 2.8% 5.0% Utilities Electric Utilities Gas Utilities 15.4 14.9 Independent Power Producers Multi-Utilities 2.3% 2.5% Telecom 12.4 12.7 Telecommunication Services Banks Capital Markets 16.4% 16.5% Financials 13.7 13.0 Overweight 201

0 15.8 14.6 14.3 21.3 19.9 10.5 9.5 16.9 16.4 12.4 12.7 11.8 11.2 Consumer Finance 14.7 13.6 Diversified Financial Services Insurance REITs Real Estate Mgmt. & Development Thrifts & Mortgage Finance Equa lweight Consumer 13.1% 13.0% Discretionary 20.9 19.3 Auto Components Automobiles Distributors

onic Equipment Banks Capital Markets 14.0 13.2 Consumer Finance Electric Utilities Gas Utilities 2.9% 2.3% 3.4% 2.6% Utilities 15.7 15.2 Independent Power Producers Multi-Utilities Telecom 12.6 13.0 Telecommunication Services Overweight EFTA01476318 2015 2016 PE PE 15.1 13.5 21.8 20.4 27.2 23.6 19.5 1

.5 29.8 26.6 19.0 17.9 16.6 16.1 21.4 20.2 12.2 11.7 17.5 16.3 12.1 11.5 Diversified Financial Services 15.0 13.9 Insurance 11.7 11.2 REITs Real Estate Mgmt. & Development Thrifts & Mortgage Finance 15.0 14.7 21.2 19.8 10.8 9.8 17.1 16.5 12.6 13.0 Auto Components Automobiles Distributors Equalwei

onic Equipment Banks Capital Markets 14.0 13.2 Consumer Finance Electric Utilities Gas Utilities 2.9% 2.3% 3.4% 2.6% Utilities 15.7 15.2 Independent Power Producers Multi-Utilities Telecom 12.6 13.0 Telecommunication Services Overweight EFTA01476464 2015 2016 PE PE 15.1 13.5 21.8 20.4 27.2 23.6 19.5 1

.5 29.8 26.6 19.0 17.9 16.6 16.1 21.4 20.2 12.2 11.7 17.5 16.3 12.1 11.5 Diversified Financial Services 15.0 13.9 Insurance 11.7 11.2 REITs Real Estate Mgmt. & Development Thrifts & Mortgage Finance 15.0 14.7 21.2 19.8 10.8 9.8 17.1 16.5 12.6 13.0 Auto Components Automobiles Distributors Equalwei