6
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EFTA01367807
O I . co Figure 33: Advised S&P 500 Sector and Industry Allocation (2014115 PE based on DB US Equity Strategy top do. Market Weight MI Advised Weight 1%1 Sector 2011 PE 2016 PE Orem.VA 2016 PE 2016 PE
EFTA01459641
CO CO Deutsche Bank Securities Inc. Figure 49: S&P 500 Advised Sector and Industry Allocation (201546 PE be sod on OS US Equity Strategy top down sector and industry EPS estimates) Market Weight1%1 Advised Weight1%1 Sector 2016 PE 2016
EFTA01459756
CO CO Deutsche Bank Securities Inc. Figure 49: S&P 500 Advised Sector and Industry Allocation (201546 PE be sod on OS US Equity Strategy top down sector and industry EPS estimates) Market Weight1%1 Advised Weight1%1 Sector 2016 PE 2016
EFTA01475956_sub_002 - EFTA01475956_200
age 55 EFTA01476124 World Outlook 2016: Managing with less liquidity 8 December 2015 Page 56 Deutsche Bank AG/London Figure 8: S&P 500 Advised Sector and Industry Allocation (2014/15 PE based on DB US Equity Strategy top down sector and industry EPS estimates) Market Advised Weight (%)Weight (%) Sector 2015 2016 PE
EFTA01476303_sub_001 - EFTA01476303_100
476316 Source: Deutsche Bank EFTA01476317 US Equity Insights 20 November 2015 Page 4 Deutsche Bank Securities Inc. Figure 8: S&P 500 Advised Sector and Industry Allocation (2014/15 PE based on DB US Equity Strategy top down sector and industry EPS estimates) Market Advised Weight (%) Weight (%) Sector 2015 2016 P
EFTA01476303_sub_002 - EFTA01476303_200
below 100 bps below 100 bps EFTA01476463 US Equity Insights 20 November 2015 Deutsche Bank Securities Inc Page 35 Figure 64: S&P 500 Advised Sector and Industry Allocation (2014/15 PE based on DB US Equity Strategy top down sector and industry EPS estimates) Market Advised Weight (%) Weight (%) Sector 2015 2016 P
Auto Components
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Samantha Power
PersonIrish-American academic, author and diplomat
Real Estate Mgmt.
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Leisure Products
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Commercial Services & Supplies
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Road & Rail
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Diversified Consumer Services
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Hotels, Restaurants & Leisure
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Textiles, Apparel & Luxury Goods
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Air Freight & Logistics
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Health Care Providers & Services
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Deutsche Bank
OrganizationGerman global banking and financial services company
Utilities
OrganizationUtility company or services

Bloomberg L.P.
OrganizationAmerican privately held financial, software, data, and media company
Electric Utilities
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Multi-Utilities
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Independent Power Producers
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Diversified Financial Services
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Stone & Pent
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Intemet Software & Semites
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