City of Ft.

Lauderdale Total Portfolio Attribution

2nd Quarter 3rd Quarter 4th Quarter 1st Quarter lYear

2009 2009 2009 2010 as of March 31, 2010
Total Portfolio Return 8.7% 10.1% 2.53% 3.40% 26.88%

Policy Index Return 10.2% 10.3% 2.73% 3.59% 28.38%

2nd Quarter 3rd Quarter 4th Quarter 1st Quarter

2009 2009 2009 2010
Average
Asset Allocation Actual Allocation
Weight1
Equity 63.65% 62.0% 63.4% 63.7% 65.5%
Large Cap Composite 34.18% 37.3% 37.6% 30.3% 31.5%
Small Cap Composite 10.98% 10.7% 11.9% 10.3% 11.0%
International Composite 9.25% 5.2% 5.6% 13.1% 13.1%
Equity Long/Short 9.28% 8.8% 8.4% 10.0% 9.9%
Fixed Income 27.68% 28.9% 27.8% 26.4% 27.6%
Real Estate 6.60% 7.9% 6.6% 5.9% 6.0%
Cash 2.08% 1.2% 2.2% 4.0% 0.9%
Total 100.00% 100.0% 100.0% 100.0% 100.0%

1/1/09 Target Actual Portfolio Policy Index Average Portfolio Benchmark Allocation Implementation Total Value
Asset Allocation Weight Weight 3/31/2010 Weights Weight' Return Return Effect Effect Add
Equity 60.0% 65.5% 60.0% 63.7%
Large Cap Composite 36.0% 31.5% 25.0% 34.2% 47.9% 49.8% -0.39% -0.65% -1.04%
Small Cap Composite 10.0% 11.0% 10.0% 11.0% 67.2% 62.8% 0.34% 0.48% 0.82%
International Composite 7.0% 13.1% 15.0% 9.3% 49.0% 55.2% 0.60% -0.57% 0.03%
Equity Long/Short 7.0% 9.9% 10.0% 9.3% 9.30% 49.8% 0.49"',, -3.76% -3.27%
Fixed Income 30.0% 27.6% 30.0% 27.7% 12.0% 7.7% 0.48% 1.19% 1.67%
Real Estate 10.0% 6.0% 10.0% 6.6% -22.0% -9.6% 1.29% -0.82% 0.47%
Cash 0.0% 0.9% 0.0% 2.1% 0.0% 0.0% -0.59% 0.00% -0.59%
Total 100.0% 100.0% 100.0% 100.0% 2.22% -4.13% -1.91%
Represents the average weight within each asset class from April 1, 2009 to March 31, 2010
Policy Index is composed of 35% S&P 500, 10% Russell 2000, 15% MSCI EAFE, 30% Barclays Capital Aggregate Bond Index and 10%NCREIF