Implementation vehicles as of 4/20/15 Asset class U.S. Large Cap Equity U.S. Small Cap Equity European Equity European Equity Japanese Equity Pacific ex-Japan Equity Emerging Markets Core Equity Vehicit MMOI WM U.S. Core Equity N/A ClearBridge Small Cap Growth Mutual Fund SBPYX Invesco AIM European Growth Mutual Fund AEDYX Deutsche X-trackers MSCI Europe Hedged Equity Mutual Fund DBEU VVisdomtree Japan Hedged Equity ETF DXJ iShares MSCI Pacific ex-Japan ETF Parametric Emerging Market Mutual Fund EPP EIEMX Emerging Markets Asia Equity Invesco Asia Pacific Growth Mutual Fund ASM( Fixed Income Municipals Bonds High Yield Bonds Treasury Inflation Protected Securities Emerging Market Debt Cash Alternative Investments & cash " Hedge WM Intermediate Fixed Income BlackRock High Yield Mutual Fund N/A BHYIX BlackRock Inflation Protected Bond Mutual Fund BPRIX MFS Emerging Market Debt Mutual Fund MEDIX Lighthouse Global Long/Short Fund LP (Directional) Prisma Spectrum Fund LP (Non-directional) Commodities Deutsche Enhanced Commodity Strategy N/A N/A SKIRX id3 Sources: Internal sources. 0) Implementation vehicles shown are as of 4/20/15 and are subject to change based on the discretion of the Regional Investment Committee, taking into account criteria discussed herein. The implementation vehicles are representative of the underlying investment vehicles of CIO Strategies, are intended to fulfill the asset allocation and are not being offered for direct purchase. The appropriate implementation vehicle for the cash allocation will be chosen based on the client's tax status. Deutsche Asset 2 ith Mamaen CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059478 CONFIDENTIAL SDNY_GM_00205662 EFTA01367854