SMA Preferred Securities

Spectrum's Intermediate Duration

The Spectrum Asset Management SMA Preferred Securities

2016 Deutsche Bank AG

U.S.

FINRA NYSE

the Deutsche Bank Group

FDIC

the United States

SIPC

Deutsche Bank AG

Select Spectrum Asset Management I Principal Preferred Securities As

The BofA

Morningstar

Spectrum's Intermediate Duration Preferred Securities

Merrill Lynch

Deutsche Bank Wealth Management

Spectrum

Deutsche Bank Securities Inc.

DeuhiChe Bank Wealth Management These

SMA

Spectrum

Adviser Select

Spectrum Intermediate Duration

Spectrum Asset Management

Deutsche Bank