OPEB TRUST INVESTMENTS

Florida Municipal Pension Fund Trust Asset Portfolios

Assets in the FMPTF are managed through the Florida Municipal Investment Trust (FMIvT) in the following portfolios:

Broad Market High Quality Bond Fund

• Investment Manager: Atlanta Capital Management
• Asset Class: Fixed Income
• Benchmark: BloomBar US Aggregate A+

Core Plus Fixed Income Fund

• Investment Manager: Franklin Templeton and Amundi Pioneer
• Asset Class: Fixed Income
• Benchmark: BloomBar Multiverse

Diversified Large Cap Equity Portfolio

• Investment Manager: Atlanta Capital Management, Hotchkis & Wiley and INTECH
• Asset Class: Large Cap Equity
• Benchmark: Russell 1000 Index

Diversified Small Cap Equity Portfolio

• Investment Manager: Atlanta Capital Management
• Asset Class: Small Cap Equity
• Benchmark: Russell 2500 Index

International Equity Portfolio

• Investment Manager: Investec and Wells Fargo
• Asset Class: International Equity
• Benchmark: MSCI ACWI ex US

Core Real Estate Portfolio

• Investment Manager: Morgan Stanley
• Asset Class: Core Real Estate
• Benchmark: NFI ODCE Net

OPEB Trust Investment Services

Investment services provided the OPEB Trust include the following:

Investment Management

• Oversight by the Fund's Board of Trustees
• Investment Advisory Committee to review performance of managers
• An investment policy
• Detailed investment and trust reports
• Broad selection of investment asset classes
• Three different asset allocation models
• Monthly rebalancing of assets

Performance Monitoring

• Quarterly portfolio reports
• Quarterly market overviews
• Year round administrator and compliance monitoring

Custodial Services

• Nationally recognized custodian to safeguard and administer funds
• Monthly Statements

The FMPTF currently has three asset allocation strategies*.

ASSET ALLOCATION                       ACTURIAL ASSUMPTION

50% Equity                                                    6.5%

60% Equity                                                    7%

70% Equity                                                    7.5%

*Members may elect a custom asset allocation at an additional cost of $3,000/yr.