January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite High yield performance summary 'Figure 24. Food led spread performance; CCC retail led spread widening anent Pricing 12AOR015 Yreteltasea TM OAS WV/ OAS YlV/ OAS Coutsche Bank HYCredit Strategy Wien 044U50HYIndex 5762% 356 6375% 446 (0593%) (92) DM USC>HY Dout0e.B Index 4452% 220 4879% 295 (0427%) (75) OM USO HYSing 10.8 Index 5953% 374 5153% 423 (0260%) (49) (MUSD HY COG Index 10642% 651 11962% 1024 (1320%) (173) DILIUSI) HY fteol Index 7962% 565 7155% 544 0627% 41 DM USD Dou ole-8 Retail Index 225 277 (52) OM USD Sung lo8 Reba Index 424 417 7 MA USD CCC Retail Index 1328 1,641 105 ()MUSD HY Food ireet 5038% 283 5384% 362 (0346%) (80) CelUSO Doublell Food Ines/ 204 244 (40) DM USG Stick:43 Food Index 286 369 (83) OM USD CCC Food Index 616 896 (276) NA USD HY Staples Index 6022% 385 6003% 416 0016% (33) [MUSD Doublea Staples riven 267 278 (11) CM USD 641010-8 8140 661600:1 366 310 (25) Mow as of 12/19/27 Sates pat-- [Figure 25: Spread performance by sector 700 610 520 250 A A :1 1 as.;\ A if ..,stt A e Olt 4' er e DDB HY Retail Index --DB HY Food Index SOB HY Staples Index Satre 0...acne Sant Page 168 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRI M. P. 6(e) DB-SDNY-0086727 CONFIDENTIAL SDNY_GM_00232911 EFTA01385442