EFTA Document EFTA01458632

11 September 2015 Asset Allocation [Figure 9: At market exchange rate weights global GDP growth has been rising lover the last 3 years 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 —World Real GDP growth rate (IMF data and forecast) Weights using market exchange rates Sam -Mi. Sr, DOMINI* ant 5.0 - 4.5 - 4.0 - 3.5 3.0 - 2.5 - 2.0 - 1.5 - 1.0 - 0.5 0.0 to Figure 10: At market weights DM is still much larger than EM with just the US and Eurozone together equal to all of EM Shares In Global GDP Nominal GDP (Stn) Exchange rate Region PPP weights Market inch rate weights PPP based Market each rate weights PPP based Market Market to inch PPP exch rats rats ratio DM 43% 60% 48.1 44.9 US 16% 24% 18.1 18.1 NA NA NA Eurozone 12% 16% 18.0 11.7 0.7 0.9 1.2 Japan 4% 6% 4.8 4.2 104.0 121.7 1.2 EM 57% 40% 64.6 29.6 Asia ex-Japan 31% 23% 3S4 17.4 NA NA NA On 17% 16% 19.0 11.2 3.6 6.4 1.8 India 7% 3% 8.0 2.3 17.9 66.1 3.7 Latam 6% 6% 6.3 3.6 NA NA NA Ekazi 3% 3% 33 1.9 1.8 3.6 2.1 EMEA 7% 4% 7.3 3.1 NA NA NA Russia 3% 2% 3.6 1.2 19.7 65.2 3.3 Sae ar5 rem mat* an _J Page 8 Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P 6(e) DB-SDNY-0118630 CONFIDENTIAL SDNY_GM_00264814 EFTA01458632