DEUTSCHE BANK AG\ Information

TAUNUSANLAGE 12 D-60325, FRANKFURT AM MAIN GE, , 00000, (212) 250-1540

Report Date: 12/31/2013

Position Statistics

Total Positions 5,207
New Positions 300
Increased Positions 1,550
Decreased Positions 3,510
Positions with Activity 5,060
Sold Out Positions 367
Total Mkt Value (in $ millions) 136,288

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 4.03%
Capital Goods 3.85%
Conglomerates 0.22%
Consumer Cyclical 2.46%
Consumer/Non-Cyclical 5.72%
Energy 8.32%
Financial 22.45%
Healthcare 9.48%
Services 18.74%
Technology 15.04%
Transportation 1.91%
Utilities 6.85%

3,510 DECREASED Positions as of 12/31/2013

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
PIMCO ETF TR 0-5 HIGH YIELD 260 -96 (26.95) 2,440
ISHARES TR 0-5 YR TIPS ETF 2,769 -2,302 (45.4) 27,300
ISHARES 10+ YR CR BD ETF -5 Sold Out 0
ISHARES 1-3 YR CR BD ETF 1,858 -1,664 (47.24) 17,616
ISHARES 14 AMT-FREE ETF -334 Sold Out 0
PIMCO ETF TR 1-5 US TIP IDX -369 Sold Out 0
DIREXION SHS ETF TR 20YR TRES BEAR 137 -787 (85.16) 5,030
PIMCO ETF TR 25YR+ ZERO U S -5 Sold Out 0
ISHARES 3-7 YR TR BD ETF 2,944 -5,549 (65.33) 24,241
COMMONWEALTH REIT 6.50% PFD CUM CO 41 -93 (69.23) 1,600
DIREXION SHS ETF TR 7 10YR TRES BEAR Sold Out 0
BANK OF AMERICA CORPORATION 7.25%CNV PFD L 731 -807 (52.46) 638
ASHFORD HOSPITALITY TR INC 9% CUM PFD SER E 41 -41 (50) 1,500
ACTIONS SEMICONDUCTOR CO LTD ADR -60 Sold Out 0
BANCO SANTANDER SA ADR 8,301 -1,937 (18.92) 866,475
BT GROUP PLC ADR 37 -2,241 (98.39) 615
CRH PLC ADR -2,371 Sold Out 0
DR REDDYS LABS LTD ADR 5,743 -2,238 (28.04) 134,821
ELAN PLC ADR 324 -147,484 (99.78) 17,900
ICICI BK LTD ADR 163,319 -17,426 (9.64) 3,826,602