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edit rating of Baa. They must have an outstanding par value of at least $5 million and be issued as part of a transaction of at least $50 million. The Merrill Lynch/BOA High Yield Master II Index tracks the performance of below investment-grade US dollar-denominated corporate bonds publicly issued in the US dom
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
edit rating of Baa. They must have an outstanding par value of at least $5 million and be issued as part of a transaction of at least $50 million. The Merrill Lynch/BOA High Yield Master II Index tracks the performance of below investment-grade US dollar-denominated corporate bonds publicly issued in the US dom
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
dex includes publicly issued U.S. corporate and foreign debt guaranteed by rotes that meet specified maturity, liquidity. and quality requirements —The Merrill Lynch High Yield Maga II Index tracks the performance of below investment-grade US dollar-denominated corporate bonds publicly issued in the US domestic m
oducts and services may be limited by applicable law Any products mentioned herein are not FDIC insured and are not obligations of nor guaranteed by Deutsche Bark AG or its affiliates Opinions expressed herein may differ from the opinions expressed by departments or other divisions or affiliates of Deutsche Bank.
of their respective owners. 'Deutsche Bank' means Deutsch Bank AG and its affiliated companies. as the context requires. Wealth Management refers to Deutsche Bark's wealth marogernent activities for high-net-worth clients around the world Discretionary portfolio management is offered through Deutsche Bank Trust
10 yr Return Est. 3.4% 1969 1974 1979 1984 1989 1994 1999 2004 2009 Source: St. Louis Fed, Ibbotson, Research Affiliates, NEPC, NYC MOPI 'Merrill Lynch US Treasury Master Annualized Total Return 4 EFTA_R1_02033249 EFTA02691358 Progressively More Equity Needed to Achieve 8% return NYC Mayor's Off
Positive Economic Indicator Negative Economic Indicator *Source: Bureau of Economic Analysis, Federal Reserve Bank of Minneapolis, Ibbotson SBBI, Deutsche Bonk 16 EFTA_R1_02033261 EFTA02691370 ... Driving Asset Returns NYC Mayor's Office of Pensions & Investments 1930-2009 Environment* Eco Growth
r impact on markets and industry sectors. Prior to joining Deutsche Bank, Mr. Kelly held senior executive positions at both Charles Schwab & Co. and Merrill Lynch & Co, Inc. Before joining the private sector, Mr. Kelly served at the U.S. Securities and Exchange Commission as Chief Spokesman as well as the U.S. Dep
Page: HOUSE_OVERSIGHT_026825 →nk AG and its affiliated companies. Deutsche Asset & Wealth Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or its subsidiaries. Banking and lending services are offered through Deutsche Bank Trust Company ™" Americas, member FDIC, and other members of the
Page: HOUSE_OVERSIGHT_026826 →Entities connected to both Merrill Lynch and Deutsche Bank

Jeffrey Epstein
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Julie K. Brown
PERSONDarren Indyke
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Paul Morris
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Martha Stewart
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United States
LOCATIONAlex Brown
ORGANIZATIONDeutsche Bank Trust Company Americas
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Richard Kahn
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Prince Charles
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JPMorgan Chase
ORGANIZATIONDelta
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Ghislaine Maxwell
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Bloomberg L.P.
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Marc Rich
PERSONSouthern Trust Company
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Eric Holder
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Frankfurt
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Donald Trump
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