EFTA Document EFTA01376843

Multi Asset Investment Process The Multi Asset Committee's 3 Pillar Approach Multi Asset Investment Committee (MIC) 1 2 What it does Creates a multi asset allocation based on discretionary input and bottom-up analysis Considers risk allocation aspects when taking the final discretionary decision on cross-asset allocation strategy as part of the Deutsche Bank WM CIO View MIC Process Asset and Risk Allocation Pillar 1 Pillar 2 Allocation Asset Class Input Drivers On discretion