WATER AND POWER EMPLOYEES' RETIREMENT, DISABILITY & DEATH FUNDS AND RETIREE HEALTH CARE FUND MARKET VALUES OF INVESTMENTS BY FUND

July 31, 2011 thru August 31, 2011 Market Value as of Market Value as 01

0813112011 0713112011

Ul n ~

ASSET CLASS

SLACKROC Large Cap Core T ROWE PRICE MFS

Large Cap Value FRED ALGER T ROWE PRiCE

LaJge Cap Growth ,LARGE CAP TOTAL

ARNEST PARTNERS FRONTIER

SMALL CAP TOTAL DOMESTIC EaUITY TOTAL

INVESCO TBC PYRAMIS

International Developed TBC T ROWE PRICE

Emerging Markets INTERNATIONAL EaUITY TOTAL TOTAL EaUITY

WEllS CAP JPMORGAN

Core Fixed WELLS CAP LOOMIS SAYLES

High Yield TOTAL FIXED INCOME

LEXINGTON VI LEXINGTON VII LANDMARK XIII HRJ CAPITAL FISHER LYNCH LANDMARK XIV OAKTREE CAPITAL

APVIII UDAXIII

Private EquIty AETOS WAMCO

Real Returns TOTAL ALTERNATIVE INVESTMENT

JP MORGAN PRISAI

RISAII CB RICHARD ELLIS MESA WEST LONE STAR REAL ESTATE FUND \l LONE STAR FUND VII INVESCO CORE RE

TOTAL REAL ESTATE

RETIREMENT CASH MGR

TOTAL RETIREMENT FUND TOTAL DISABILITY FUND TOTAL DEATH BENEFIT FUND TOTAL RETIREE HEALTH CARE FUND

$641.212.799 5641,212,799 $390.725.712 $388,725,086 $779,450,798 $414167,924 $4uU,I;l5,618 5814.923,54

52,235.587.139 $106,131.948 $106,052.255 S212.184.203

52,447.771.,342

$394,880,055 $377,384.237 $400,882.903

51,173.147,195 $120.121.337 $125.505,421 $245.626,758

51,418,773,952 $3,866,545,294

$1,062.882,606 $1,044,171,348 52,107.053.954

5113,332.005 $119,373,091 5232,705,096

52,339,759.050

$21.495.326 $9,897.077

$14.938.121 $17,019.021 $12,239.166

$6.755,649 $6,276,294 $1.030.326 $1,529,896

591,180.876 536.580,520

19,791,955 5356.372,475 $447,553.350

$42,112,499 2,724.039

S17,697,310 $21,215.056

$9.777,280 $210,~

$1,256,875 $8600,000

5143,495.397

5237,588,856

57,034,942.840 540,634,015 $23.923,302

1,131,647,149

$694,210.941 5694,210,941 $417,681,667 $412,668,663 5830,350,13 I $451,506,262 $427,482,970 5878,989,232

52,403.550,303 $113,450,629 $117,135,83 $230,586,360

$2,634,136,663

5425,867,221 $414,251,572 5440,038,687

$1,280,157,480 132,674,668

$136,570,043 5269,244.710

51,549,402,190 $4,183,538,853

51.049,584,521 $1,038,244,425 52,087,828.!>46

117,633.422 $126,434,883 $244,068,305

52,331,897,251

$21,533.788 512,071,638 516,218,472 $17,019,021 $12,239,166

$6,214,837 $6.276,294

$777,432 51,492,969

$93,843,61 $36,616,249

$317,861,476 5354,471,725 $448,321,343

$41,769,903 542.724,039 $17,597,310 $22,088,174

$9,596,732 $433,534

$1,450,939 sa,6oo,000

5144,260,631

5223,466,340

57.331,485,333 0,115,893

$23,641,213 51,171.451,265

WATER AND POWER EMPLOYEES' RETIREMENT, DISABILITY & DEATH FUNDS AND RETIREE HEALTH CARE FUND MARKET VALUES OF INVESTMENTS BY FUND

January 31,2011 lhru June 30, 2011 Markel Value as Markel Value as Markel Value as Market Value as Markel Value as Markel Value as

ASSET CLASS 01 06/30/2011 01 05/31/2011 01 04/30/2011 01 03/31/2011 01 02/28/2011 0.1 01/31/2011

8LACKROCK 5721,525.029 $746,n2.471 $767,045,595 $756,724,321 $767,013,116 $752.917,027 Large Cap Core 5721,525.029 5746,n2,471 S767,045,595 5756,724,321 $767,013,115 $752.917,027 TROWE PRICE $432,279,074 $439.170,614 $445,791,798 $433,203,080 $433,425243 5418.312,490 MF'S $425,978.050 $432,91 i ,928 5438,045,74& $426,&34,072 $424,174,301 $409,379,630

Large Cap Value $858,257.124 5872,082.542 $883,837.546 $859,737,152 $857.599,544 5827,692.120 FRED ALGER $458.639,629 5463.&73,330 $471,974,091 5458,042.702 $458,084.487 5437,&95,581 TROWE PRICE $431323,096 $439,345,8.59 $443,495,655 5434,893290 $436.003.813 5422,945,718

Large Cap GroVith 5889,962,724 5903,019,189 5915,469.746 5892,935,992 $892,088,301 $860,841,299 LARGE CAP TOTAL 52,469,744,878 $2,521,874,203 $2,566,352,887 $2,509,397,465 $2,516,700,959 $'l,441 ,450,445 EARNEST PARTNERS $117,715,320 $119,651,916 $122.096.127 $119,443,B11 $115,355,740 $111,214,130 FRONTIER $123,780.846 $126,745.014 $130,215,415 $127,088,528 5124,165,066 $118,022,239

SMALL CAP TOTAL $241,496,166 5246,396,930 $252,311,542 5'246.532,339 $239,520.806 5229,236,369 DOMESnC EQUITY TOTAL $2,711,241,044 52,768,271.133 52,818,664,430 $2,755,929,804 $.2,756.221,765 $2,670,686,81

INVESCO $43.2,75.2.399 $437,338,022 $445,716,831 $426,411,963 5437,060.449 5427,679.211 TBC $424.624,096 $437.012.573 $447,846.904 5429.517,697 $441,291.204 $427,771,267 PYRAMIS $443.167.825 $447,660,301 $461,699.650 $434,768,168 $442,853.759 $427.008,266

International Developed 51,300,544.321 51,322,010,896 $1,356,263.385 $1,290,803,728 $1,321,205,412 51,282,458.744 TBC 5134.668,552 $136,784,510 S140,487 092 $138,371,479 5132,023.604 5133,814,030 TROWE PRICE 5137,288,296 $138,916,996 $142,644,851 $137.533,193 S1:10,306,666 5131,812.313

Emerging Markets $271,934.847 5275,701,506 5283,111,943 $275,904,672 $262,330,270 $265,626,343 INTERNATIONAL EQUITY TOTAL $1,572,479,168 51,597,712,402 51,639,375,328 $1,566,708,400 $1,583,535,682 $1,548,085,087 TOTAL EQUITY S4,283,720,212 S4,365,983.535 54,458,039,758 $4,322,638,204 $4,339,757,447 $4,218,771,902

WELLS CAP $1.034.703,034 $1,039,512,680 $1,028.924,170 51,017.646,916 $1,018,439,129 $1,019.062,294 clP MORGAN $1,026,466,505 $1,031.920.961 $1,024,956,574 $1,017,072,849 $1,021,238,237 51,023,639.404

Ul Core Fixed $2,061,169,539 52,071,433,642 $2,053,880,743 52,034,719,765 $2,039,677,365 52,042,701,698 ~ WELLS CAP 5117,337.521 $119.228.530 $119,335.776 $118,526,451 $ 11 8,377.806 $117.504,047 tv LOOMIS SAYLES $125,598,757 $128,332,704 $127,497,434 $124,567,694 $123,734,754 5121.264.397

High Yield $242,936.278 5247,561,234 $246,833,210 $243,094,145 $242,112,560 $238,7158,444 TOTAL FIXED INCOME $2,304,105,816 52,318,994,876 52,300,713,953 $2,277,813,910 $2,281,789,925 52.281,470,142

LEXINGTON VI $21,1B1,077 $21499,053 $19.536,59 1 519,694.294 $20,169.973 $20.367,102 LEXINGTON VII $13,101,219 $12.349.4BO $11,406,625 $11,193,637 $10,270,364 $10,578,122 LANDMARK XIII $16,543,321 $15,599,374 $15,724,908 $16,337,466 $16.432,956 516,583,193 HRJ CAPITAL $16,341,677 S16,3M,333 $17,384,333 $17,384.333 $17,384,333 $19,384,333 FiSHER LYNCH $11,339,166 59,419.365 $8.719,365 $7,799,365 $7,399,365 $7.399,365 LANDMARK XIV $6,214.837 $4.734,067 $4,734,087 $4,068,443 $3,798,039 $3,79B,039 OAKTREE CA,PfT/l,L $6,303,922 $6,303,922 $6,303,922 $4,282,650 $4,282,650 54,282,650 ENCAP VIII $671,114 5512,lCl3 $512,103 $393,750 $393,750

UDAX III $899,125 5B99,125 $960,930 $960,930 $451,932 Private Equity 592,595.458 587,700,822 585,282,844 582,114,868 $80,583,362 582,392,804

?AAMCO $0 $0 $3,380,004 $3,380,004 $3,380,004 $3,380,004 A'=TOS 536,847,867 $36.959.188 $36,558,238 $36,559,419 $36,272,894 $36.019,334 WAMCO $311,987,074 $310,613,648 $304,326,009 S299,964,495 S298,703,044 5295.009,061

Real Returns 5348,814,941 5347,573,436 S344,264,252 5339,903,917 S338,3S5,942 5334,408,399 TOTAL ALTERNATIVE INVESTMENT 5441,410,399 $435,274,258 $429,547,096 5422,018,78.5 5418,939,303 $416,801.203

JP MORGAN PRISA I . 540,777.922 $40,731,647 $40,347951 $40,731,647 S39,753,555 540,731,647 539,292,178 $38,579,519 538,836,382 538,579,519 538,498,290 538.579.519 PRISA II 516,676,511 $"16,676.511 $16,676,511 $15,805,196 $15,805196 $15,805,198 CB RICHARD ELLIS 520,341,995 $20,445,813 $20,405,427 $17.003,363 517,047,890 $16,968,025 MESA WEST 057.928.521 56,960,580 S5.990,316 $5,990,316 S6,115,306 S6,010.8S8 LONE STAR REAL ESTATE FUND 11 $433,534 LONE STAR FUND VII $770,193

TOTAL REAL ESTATE 5127,660,322 5125,162,502 5123,557,456 $116,6"0,573 5116,384,293 $115.861.879

RETIREMENT CASH MGR 5208,604,152 $194,955,901 $181,765,622 5173,029,256 $153,363,847 $141,910,305

TOTAL RETIREMENT FUND 57,365,701,806 57.440,371,071 57,493,623.884 $7,312,171l,727 $7,310,234,616 $7,174,815,430 TOTAL DISABILITY FUND 539,859,074 541,017.678 540,511,743 S39,960,197 540,368,149 $40.240,311 TOTAL DEATH BENEFIT FUND $23,281,142 523,612,943 523,327,932 523,012.962 523,454,902 523,685,617 TOTAL RETIREE HEALTH CARE FUND 51,176,174,458 $1,111,750.895 51,117,324,874 $1,090,103,578 51,091.673,640 $1,069,533,232

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