Important information The asset allocations described herein are formulated by the Regional Investment Committee (RIC) within Deutsche Bank Wealth Management (Deutsche Bank WM) and may utilize the following asset class components: U.S. large cap equity, U.S. small cap equity, Europe equity. Japan equity, Pacific ex-Japan equity, emerging markets equity, municipal bonds, U.S. high-yield bonds, Treasury Inflation Protected Securities, emerging market debt hedge funds, commodities, and cash. RIC currently recognizes four basic investment strategies: Income, Growth 8. Income. Growth, and Maximum Growth. The strategy selected is based upon the individual investors objectives and risk tolerance. Your selected portfolio will determine the specific allocation to the asset classes represented by the vehicles described herein. Please note returns for the large cap equity portion are represented by the Quality Growth Composite. Implementation vehicles and asset allocations are determined by the Deutsche Bank WM RIC and are change subject at their discretion. Results presented herein do not represent the results of actual trading using client assets. The returns shown in this document are model returns and do not reflect Deutsche Bank management fees or other expenses that may be incurred in the actual management of an account If such fees and expenses were deducted, the results would be lower. Please be advised of the limitations inherent in using model results. Accounts managed according to the Model may perform differently over the same time period depending on the size of the account restrictions, the amount of the transaction and related costs, the inception date of the account and other factors. Actual clients may experience returns that are more or less than those of the Model. These model retums do not reflect the impact that material economic factors may have had on our decision-making. Model retums are not indicative of future results: there is always the