Growth Strategy returns
Performance' for taxable client ending 06/30/17
CIO Strategies w/ U.S. Core Equity as U.S. Large Cap Vehicle Blended Benchmark
16 14.29
14 12.76
12
10 8.32 8.75 8.87
8.20
8 6.65
5.39 5.53
6
4.11
4
2 001111
2O17 YTD 1 Year 3 Year 5 Year 10 Year 1/1/05-06/30/17
0/0 Annualized Performance Gross of Fees
illaiNUMMUMMANSMAIMUMUIEN i" 4"" r -" i "- '1"""'""H.n u i 1- mumuzir-u'v • I vnn
CIO ShaiegieS Growth
.
3.80% 2.27% 484% 17.64% 14 43% -2 94% IS 79% 29.09% -30.42% 12 52% 14 39% 7.96%
Blended Benchmark 7.16% -1.66% 340% 16.25% 1325% -2.57% 11.89% 25.85% -31.31% 8.02% 1539% 6.91%
(1) Chart reflects model returns. not actual client returns.
Past performance is no guarantee of future results. The returns shown in this document do not reflect Deutsche Bank management fees. The strategies above are for taxable
clients where hedge funds are suitable. The CIO Strategy model portfolios commenced on 1/1/05. Please note that returns for the CIO strategy reflect the Core Equity composite
as the U.S. large cap implementation vehicle. Please refer to the Important Notes on the next page for detailed information regarding performance and to the Additional
Information page at the end of this document for descriptions of the blended benchmarks. Detailed information regarding the Deutsche Bank WM-Americas Core Equity
composite can be found in the Deutsche Bank WM —Americas Core Equity pitchbook which can be provided upon request. Source: WM CIO Office
Deutsche Bank
Weryirl 20
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