Pompano Beach Police and Firefighters' Retirement System

MOTION: To rebalance Renaissance and Reinhart to target allocations and

Mr. Rossman reviewed the CBIZ Engagement Letter for fiscal years ending

the Plan has exited the Invesco real estate strategy and is now invested with Cohen & Steers Tactical Real Estate Fund (TREF)

MOTION: To approve the Subscription Document for the Capital Dynamics O’Connell X GSEC Fund VII, as reviewed and recommended by Rossman Legal; and to Rossi X X approve the related Side Letter upon final review and approval by Rossman Aaronian X Legal; and authorize the Chairman to execute same. PASSED 9-0.

MOTION: To transfer $3 million from Renaissance and $1 million from O’Connell X X Pullen to the R&D cash account in response to the current market Aaronian X environment, as soon as administratively feasible, as recommended by Christophers X Mariner Institutional. PASSED 8-0.

for private equity and to allocate $5 million to the Taurus Private Markets Aaronian X Fund III, and $5 million to the Capital Dynamics Global Secondaries Fund Christophers X VII, in the year 2026, based solely on pecuniary factors and subject to the Cupo X best negotiated rate, as recommended by Mariner Institutional. PASSED 8- Femia X

MOTION: To approve the pacing model commitments for 2026 and 2027 O’Connell X for private equity

Johnson will provide a manager search report at the next quarterly meeting in August. The Board can conduct interviews in September or October.

Johnson will provide a manager search report at the next quarterly meeting

MOTION: To retain Cohen & Steers as the Retirement System’s Tactical O’Connell X Real Estate Fund manager subject to successful negotiation of a contract, Rossi X as recommended by Mariner. PASSED 9-0.

MOTION: To approve the Consent for Assignment of the Investment O’Connell X Advisory Agreement by and between PBPFRS and Mariner Institutional, Rossi X LLC, as reviewed by Rossman Legal and recommended by Southeastern Aaronian X

After much discussion, the Board directed Southeastern Advisory Services to perform a small cap core investment manager search profiling Pullen along with two additional investment managers. These three small cap core firms are to be invited to make a presentation at the June 17 Board meeting.

MOTION: To retain Silvant as the Retirement System’s large cap growth O’Connell X equity manager, based solely on pecuniary factors, subject to successful Rossi X negotiation of a contract, as recommended by Southeastern Advisory Aaronian X Services, Inc. PASSED 9-0.

The Board directed Mr. Swanson to conduct an academic large cap growth investment manager search to be discussed at the February meeting, or January if it is able to be completed earlier.

Effective August 15, 2024 Authorized Investments Allowable Range % Target % Fixed income securities and cash 5% - 55% 25.0% Equity securities 25% - 65% 55.0% Real estate 0% - 25% 10.0%

MOTION: To retain Wolf Popper as one of the Plan’s securities monitoring O’Connell X firms, and to eliminate Berstein, Litowitz, Berger and Grossman, and Hall X Labaton Sucharow, as recommended by Rossman Legal

MOTION: To approve the Investment Management Agreement by and O’Connell X between the PBPFRS and Eagle Capital Management, LLC; as reviewed by Hall X X Rossman Legal and recommended by Southeastern Advisory Services

MOTION: To transfer the entire balance from the Vanguard S&P 400 Mid- O’Connell X Cap Value Index Fund (VMVAX) to a new Vanguard Small-Cap Index Fund Hall X (VSMAX), as recommended by Southeastern Advisory Services.