Deutsche Asset 1 & Wealth Management PO Be, 1776. 86,11M0111, MD 21203 Important Information and Disclosures (continued) Deolsoc Boni Matt wow. Malwerteart Warn (wrap Grout, Oeslie Sink Setotalet /AC NailelOMM 3411.04 *4MM. 1015r be, Now *AP. BY 10154 (MI IWO!. NSS1211114094 Statement Period: 12/0112014 -1213112014 Ratings (continued) authorization from Standard & Poor's. Standard & Poor's does not guarantee the accuracy, completeness, timeliness or availability of any information. Standard & Poors is not responsible for any errors or omissions, regardless of the cause, or for the results of using such content. Standard & Poor's makes no express or implied wananties including warranties of merchantability or fitness for a particular purpose. Standard & Popes shall not be legally responsible for any fees, costs, expenses or losses in connection with the use of their content Credit ratings are opinions and not statements of facts; are not recommendations to purchase. hold or sell securities; and do not address suitability for investment purpose. Credit ratings should not be relied upon as investment advice. The Role of Pershing • Pershing carries your account as clearing broker pursuant to a clearing agreement with your financial institution. Pershing may accept from your financial institution without inquiry or investigation (i) orders for the purchase and sale of securities and other property and (i) any other instructions concerning your account Pershing is not responsible or liable for any acts or omissions of your financial institution or its employees and it does not supervise them. Pershing provides no investment advice nor does it assess the suitability of any transaction or order. Pershing acts as the agent of your financial institution and you agree that you will not hold Pershing or any person controling or under common control with it liable for any investment losses incurred by you. • Pershing performs several key functions at the