19% -12ppt Staples 29% 20% -Oppt 15% Energy 41% 32% -9ppt Financials 33% 21% -1 ppt 10% Health Care 25% 16% -9ppt Industrials 32% 23% -9ppt 5% Info Tech 18% 14% -Appt Materials 28% 23% -bppt 0% Real Estate 9% 1% -2ppt 15% 20% 25% Telecom 29% 20% -9ppt Utilities 39%, 20% A2ppt New Corporate Tax Rate

s of December 2015. EFTA01477408 Source: FactSet, Deutsche Bank Wealth Management. Deutsche Bank Wealth Management 24 Consumer Discretionary Info Tech Financials Health Care Energy Materials Industrials Consumer Staples Utilities Telecom Services EFTA01477409 Equity Sectors A Poem by an