11. Possible Conflicts of Interest. Services and recommendations that DBSI provides to Client may differ from the services and recommendations provided to other Clients or by other individuals or groups at DBSI and/or affiliates of Deutsche Bank AG, whether acting as pnncipal or agent DBSI erovithas investment advice. porrhein management and 011OCUO on services for many Clients and, in addition• acts as principal in various markets. Given these different roles, individuals and groups at DBSI and affiliates of Deutsche Bank AG are seldom of one view as to an investment strategy and may pursue differing or conflicting strategies. Employees of DBSI shall have no obligation to recommend to Client, or inferrn Chem of, strategies being pursued by DBSI or other Clients. Further, (i) DBSI and its affiliates may provide services fore fee tam soktit business from companies whose securities are recommended by DBSI; (ii) O851 and its affiliates may be paid fees by investment companies registered nnriar the In Company Act of 1940 or other investment vehicles, inoluding without limitation, fees for acting as investment advisor, administrator, custodian, and transfer agent; and (iii) DBSI and its affiliates act as brokers. principals, and/or market makers in certain markets and may do so in transactions with Client. DBSI may recommend securities or strategies this are issued, onderwritten, implemented nr adviseditay.OBSI or one or mere of he affiliates. DEISI may receive compensation, in addition to the compensation Client pays DBSI, in the form of Rule 12b-1 fees, distribution lees, finder's fees, fees based upon fund management tees and cash or non-cash payments that are paid by mutual funds (out of fund assets in the case of Role 12b-1 fees) or by the inenegers and other service providers to the funds (not•out of fund assets). DBSI also participates in a program offered by Pershing, under which DBSI shares in revenue received by Pershing from mutual funds offer