ion 130% 20x 120% 18x 110% 100% 16x 14x 12x 70% —Can. Class I NTM P/E Relative to SPX (NTM) a a m a a in r0 ro N A Et. Sk 24 Sant Deutsche ant. lierSer Son Detesche Brat Ascr-Ser Deutsche Bank Securities Inc 130% 120% 110% 100% 90% 80% 70% 60% Page 37 CONFIDENTIAL - PURSUANT T