SUNRISE POLICE
LOCK TOTAL FUND EXECUTIVE HERE LOCK LOCK TOTAL FUND UNIVERSE HERE LOCK LOCK TOTAL FUND RISK MEASURES LOCK LOCK TOTAL EQUITY EXECUTIVE HERE LOCK LOCK TOTAL EQUITY UNIVERSE HERE LOCK LOCK TOTAL EQUITY RISK HERE LOCK LOCK TOTAL FIXED EXECUTIVE HERE LOCK LOCK TOTAL FIXED UNIVERSE HERE LOCK LOCK TOTAL FIXED RISK HERE LOCK LOCK DHJ TOTAL FUND EXECUTIVE HERE LOCK LOCK DHJ TOTAL FUND UNIVERSE HERE LOCK LOCK DHJ TOTAL FUND RISK MEASURES LOCK
START @B3 Sunrise Police START @E3 Sunrise Police % START @H3 Sunrise Police % START @K3 Sunrise Police START @N3 Sunrise Police % Sunrise Police Sunrise Police Sunrise Police Sunrise Police START @B3 Sunrise Police START @E3 Sunrise Police % START @H3 Sunrise Police %
Total Fund Total Account Total Fund Total Account Total Fund Total Account Total Equity Total Equity Total Equity Total Equity Total Equity Total Fixed Income Total Fixed Income Total Fixed Income Total Fund DHJ Total Total Fund DHJ Total Total Fund DHJ Total
Executive Summary Universe Universe Comparisons Risk Measures Risk Measures Executive Summary Universe Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures Executive Summary Universe Universe Comparisons Risk Measures Risk Measures
2 50% BLC Core Eq., 10% BSCV Core, 40% BFI 17 20 83.3% Brd. LC Core Equity, 16.7% BSCV Core 22 25 Broad Fixed Income 27 Inception date is December 31, 1997 55% Broad Large Cap Core Equity, 45% IFI 3 Yr
Inception date is December 31, 1997 4 3 Yr Inception date is December 31, 1997 21 3 Yr Inception date is December 31, 1997 26 3 Yr All dollar values are shown in thousands. Returns are in percent. "%-tile" is the percentile ranking within the universe. # of Negative Qtrs
All dollar values are shown in thousands. Returns are in percent. "%-tile" is the percentile ranking within the universe. # of Negative Qtrs All dollar values are shown in thousands. Returns are in percent. "%-tile" is the percentile ranking within the universe. # of Negative Qtrs All dollar values are shown in thousands. Returns are in percent. "%-tile" is the percentile ranking within the universe. # of Negative Qtrs Returns for periods exceeding one year are annualized. Returns for periods exceeding one year are annualized. # of Positive Qtrs
Returns for periods exceeding one year are annualized. Returns for periods exceeding one year are annualized. # of Positive Qtrs Returns for periods exceeding one year are annualized. Returns for periods exceeding one year are annualized. # of Positive Qtrs Returns for periods exceeding one year are annualized. Returns for periods exceeding one year are annualized. # of Positive Qtrs Returns are gross of fees. Incept is December 31, 1997 to December 31, 2005 Batting Average
Returns are gross of fees. Incept is December 31, 1997 to December 31, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to December 31, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to December 31, 2005 Batting Average Account Reconciliation Trailing Returns through December 31, 2005 Worst Qtr
Account Reconciliation Trailing Returns through December 31, 2005 Worst Qtr Account Reconciliation Trailing Returns through December 31, 2005 Worst Qtr Account Reconciliation Trailing Returns through December 31, 2005 Worst Qtr Beginning Value Fund Best Qtr
Beginning Value Fund Best Qtr Beginning Value Fund Best Qtr Beginning Value Fund Best Qtr Net Flows Return Range
Net Flows Return Range Net Flows Return Range Net Flows Return Range Investment G/L %-tile Worst 4 Qtrs
Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs Ending Value Policy Standard Deviation
Ending Value Policy Standard Deviation Ending Value Policy Standard Deviation Ending Value LBAB Standard Deviation 12/31/2005 Return Beta
12/31/2005 Return Beta 12/31/2005 Return Beta 12/31/2005 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 19,409 Universe R-Squared
43,648 Universe R-Squared 28,875 Universe R-Squared 12,999 Universe R-Squared 220 5th %-tile Sharpe Ratio
424 5th %-tile Sharpe Ratio 112 5th %-tile Sharpe Ratio 637 5th %-tile Sharpe Ratio 430 25th %-tile Treynor Ratio
950 25th %-tile Treynor Ratio 855 25th %-tile Treynor Ratio 84 25th %-tile Treynor Ratio 20,058 50th %-tile Tracking Error
45,022 50th %-tile Tracking Error 29,842 50th %-tile Tracking Error 13,721 50th %-tile Tracking Error 2,006 75th %-tile Information Ratio
2006 75th %-tile Information Ratio 2006 75th %-tile Information Ratio 2006 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund 19,409 2 Qtrs 4
43,648 2 Qtrs 4 28,875   2 Qtrs   3 12,999   2 Qtrs   4 220 4.27 8
424 3.38   8 112   5.01   9 637   0.17 8 430 45   50
950 69 41.67 855   80   41.67 84   56   41.67 20,058 3.18 -1.87
45,022 3.25   -1.17 29,842 5.44   -3.62 13,721 -0.09 -2.27 35,795 84   6.85
12/31/1997 74 8.62 12/31/1997 72 14.93 12/31/1997 69 2.97 Incept 7.13 8.72
Incept 6.45 9.79 Incept 10.25 18.55 Incept 2.77 5.24 15,998 5.12 2.65
15,998 4.71 4.13 10,999 7.42 4.95 4,811 1.03 0.09 -6,170 4.16 5.6
13,595 3.83 6.34 10,812 6.12 11.42 1,799 0.29 3.16 10,230 3.48 0.83
15,428 3.22 0.86 8,031     5.33 0.96 7,111     -0.17 0.95 20,058  20,058,000 2.5 -0.03
45,022  45,022,000 2.19 0.45 29,842   29,842,000 3.56 -0.02 13,721   13,721,000 -0.65 0.18 Investment Policy     3 Qtrs 0.85
Investment Policy 3 Qtrs 0.95 Investment Policy 3 Qtrs 0.97 Investment Policy 3 Qtrs 0.99 Index 6.21 1.05
Index 5.16 1.24 Index 6.37 1.13 Index 3.04 0.59 S&P 500 70 7.06
S&P 500 75 9.13 S&P 500 85 13.46 Lehman Aggregate Bond 26 1.97 Lehman Gov/Credit-Intermediate 5.12 2.41
Lehman Aggregate Bond 5.76 1.71 Russell 2000 Value 7.55 1.92 Total 2.92 0.33 Total 85 -0.71
Russell 2000 Value 56 -0.63 Total 63 -0.36 Weight 29 0.06 Weight 11.7 Policy
Total 9.5 Policy Weight 13.49 Policy 100 5.08 LBAB 55 8.14 3
Weight 6.91 3 83.3 9.87 3 100 3.05 4 45 7.09 9
50 5.87 9 16.7 8.08 9 Trailing Returns through December 31, 2005 2.5 8 100 5.94 50
40 5.16 58.33 100 6.93 58.33 Fund 2.07 58.33 Trailing Returns through December 31, 2005 4.33 -1.56
10 3.54 -1.85 Trailing Returns through December 31, 2005 5.11 -3.99 LBAB 1.6 -2.44 Fund 1 Yr 9.59
100 1 Yr 10.54 Fund   1 Yr   16.08 Diff   1 Yr   3.2 Policy 1 Yr FUND 4.22 0.0422 11.15
Trailing Returns through December 31, 2005 1 Yr FUND 4.13 0.0413 12.39 Policy 1 Yr FUND 4.95 0.0495 20.07 1 Yr 1 Yr FUND 2.68 0.0268 5.64 Diff UNIVERSE 57   3.48
Fund UNIVERSE 55 4.02 Diff UNIVERSE 70 4.91 2.68 UNIVERSE 22 0.33 1 Yr POLICY 3.48 0.0348 6.26
Policy POLICY 4.02 0.0402 7.21 1 Yr POLICY 4.91 0.0491 11.77 2.43 POLICY 2.43 0.0243 3.3 4.22 71   1
Diff 59 1 4.95 71 1 0.25 32 1 3.48 9.49 0
1 Yr 7.69 0 4.91 11.05 0 2 Yr 4.2 0 0.74 6.29 1
4.13 5.43 1 0.04 8.02 1 3.39 2.56 1 2 Yr 4.53 1.21
4.02 4.33 1.24 2 Yr 6.1 1.16 3.38 2.08 0.56 4.75 3.3 7.57
0.11 3.47 8.92 8 4.69 13.62 0.01 1.59 1.85 5.41 1.82 0
2 Yr 1.73 0 8.54 2.38 0 3 Yr 0.98 0 -0.66 2 Yr Diff
6.17 2 Yr Diff -0.54 2 Yr Diff 1/3/1900 2 Yr Diff 3 Yr 4.75 1
6.55 6.17   1 3 Yr 8     0 3.62 3.39   0 7.63 66   -1
-0.38 63 -1 14.69 71   0 0.02 36 0 9.34 5.41 0
3 Yr 6.55   -16.66 15.39 8.54     -16.66 4 Yr 3.38   -16.66 -1.71 50   -0.31
9.62 52 0.68 ################################## 61 0.37 1/5/1900 36 0.17 4 Yr 9.98 -2.74
10.69 9.68 -1.92 4 Yr 13.1 -1.15 5.41 6.96 -0.23 3.94 6.66 -2.43
-1.07 7.81 -2.6 4.44 10.47 -1.52 0.01 3.95 -0.4 1/5/1900 5.39 -0.83
4 Yr 6.63 0.11 4.97 8.93 0.04 5 Yr 2.96 -0.24 -1.27 4.16 -0.66
5 5.68 -0.87 -0.53 7.84 -0.35 6.09 1.99 -0.14 5 Yr 2.97 -0.17
5.37 3.99 -0.14 5 Yr 5.94 -0.04 1/6/1900 1.17 -0.05 2.2 3 Yr -0.03
-0.37 3 Yr 0.45 0.84 3 Yr -0.02 0.09 3 Yr 0.18 3.8 3 YR FUND 7.63 0.0763 -0.15
5 Yr 3 YR FUND 9.62 0.0962 -0.05 0.99 3 YR FUND 14.69 0.1469 -0.03 6 Yr 3 YR FUND 3.64 0.0364 -0.01 -1.6 UNIVERSE 91   -0.16
3.27 UNIVERSE 81 0 -0.15 UNIVERSE 70 -0.03 1/6/1900 UNIVERSE 40 0.03 6 Yr POLICY 9.34 0.0934 -0.51
3.26 POLICY 10.69 0.1069 0.21 6 Yr POLICY 15.39 0.1539 -0.16 1/6/1900 POLICY 3.62 0.0362 0.12 2.08 51   2.41
0.01 57 1.71 ################################## 55 1.92 -0.04 40 0.33 1/3/1900 13.52 5 Yr 5 Yr
6 Yr 14.94 5 Yr 5 Yr -0.91 20.15 5 Yr 5 Yr 7 Yr 13.11 5 Yr 5 Yr ################################ 10.78 # of Negative Qtrs
1/2/1900 12.57 # of Negative Qtrs 0.44 17.08 # of Negative Qtrs 1/5/1900 5.02 # of Negative Qtrs 7 Yr 9.35 # of Positive Qtrs
2.44 11 # of Positive Qtrs 7 Yr 15.6 # of Positive Qtrs 5.63 3.17 # of Positive Qtrs 3.9 8.27 Batting Average
0.4 9.88 Batting Average 1/0/1900 14.36 Batting Average 0.1 2.15 Batting Average 1/3/1900 7.22 Worst Qtr
7 Yr 8.18 Worst Qtr 1.97 12.41 Worst Qtr 8 Yr 1.31 Worst Qtr -0.06 4 Yr Best Qtr
1/3/1900 4 Yr Best Qtr ################################## 4 Yr Best Qtr 1/6/1900 4 Yr Best Qtr 8 Yr 3.94 Range
3.68 5 Range 8 Yr 4.44 Range 1/6/1900 5.42 Range 1/6/1900 54 Worst 4 Qtrs
-0.26 57 Worst 4 Qtrs 1/4/1900 71 Worst 4 Qtrs 0.13 29 Worst 4 Qtrs 1/5/1900 5.21 Standard Deviation
8 Yr 5.37 Standard Deviation 1/4/1900 4.97 Standard Deviation 9 Yr 10 Yr 5.41 Standard Deviation 1/1/1900 30 Beta
1/5/1900 47 Beta -0.84 60 Beta 12/31/1997 29 Beta 9 Yr 10 Yr 8.23 Annualized Alpha
1/5/1900 8.23 Annualized Alpha 9 Yr 10 Yr 9.94 Annualized Alpha Incept 9.74 Annualized Alpha 12/31/1997 5.55 R-Squared
-0.01 6.41 R-Squared 12/31/1997 6.96 R-Squared 6.24 5.67 R-Squared Incept 4.12 Sharpe Ratio
9 Yr 10 Yr 5.22 Sharpe Ratio Incept 5.36 Sharpe Ratio 6.11 4.52 Sharpe Ratio 1/6/1900 3.09 Treynor Ratio
12/31/1997 4.23 Treynor Ratio 4.13 4.23 Treynor Ratio 0.13 3.4 Treynor Ratio 5.34 1.97 Tracking Error
Incept 2.81 Tracking Error 1/4/1900 2.11 Tracking Error Fiscal Year Returns Ending September 2.08 Tracking Error 1/1/1900 5 Yr Information Ratio
5.74 5 Yr Information Ratio -0.84 5 Yr Information Ratio Fund 5 Yr Information Ratio Fiscal Year Returns Ending September 5 YR FUND 2.2 0.022 Fund
1/5/1900 5 YR FUND 3.27 0.0327 Fund Fiscal Year Returns Ending September 5 YR FUND 0.84 0.0084 Fund LBAB 5 YR FUND 6.09 0.0609 Fund Fund UNIVERSE 45   8
-0.01 UNIVERSE 45 8 Fund UNIVERSE 65 7 Diff UNIVERSE 26 5 Policy POLICY 3.8 0.038 12
Fiscal Year Returns Ending September POLICY 3.26 0.0326 12 Policy POLICY 0.99 0.0099 13 12/31/2005 POLICY 6 0.06 15 Diff 21   Batting Average 45
Fund 46 Batting Average 55 Diff 63 Batting Average 40 Qtr 27 Batting Average 45 12/31/2005 6.92 -7.29
Policy 6.43 -7.44 12/31/2005 7.39 -17.97 0.58 8.94 -2.27 Qtr 3.43 6.85
Diff 4.32 8.62 Qtr 3.43 14.93 1/0/1900 6.1 5.39 2.19 1.99 14.14
12/31/2005 3.01 16.06 3.05 1.63 32.9 -0.01 5.08 7.66 1.39 0.83 -7.44
Qtr 2 -9.47 1.85 0.24 -25.12 2006 4.14 0.09 0.8 -0.65 Standard Deviation 8.08
2.19 0.51 Standard Deviation 8.58 1.2 -1.93 Standard Deviation 17.65   YTD 2.88 Standard Deviation 3.92 2006 6 Yr Beta 0.95
1.36 6 Yr Beta 0.85 6/28/1905 6 Yr Beta 0.99   0.58 6 Yr Beta 0.95   YTD 2.08 Annualized Alpha -1.34 -0.0134
0.83 2.84 Annualized Alpha 0.45 0.0045 YTD -0.47 Annualized Alpha -0.13 -0.0013 0.59 6.93 Annualized Alpha 0.38 0.0038 2.19 38 R-Squared 0.92  
2006.00 39 R-Squared 0.98 3.05 58 R-Squared 0.99 -0.01 15 R-Squared 0.99 1/1/1900 3.37 0
YTD 2.44 0.12 1/1/1900 -0.91 -0.08 2005 6.97 0.99 0.8 25 -0.01
2.19 45 1.25 1/1/1900 66 -1.38 1/2/1900 14 4.08 2005 7.35 2.37
1.36 6.59 1.95 2005 8.34 1.74 2.8 8.18 0.41 8.74 3.31 -0.68
0.83 3.82 0.01 12.84 2.65 -0.09 0.15 6.49 0.22 1/7/1900 1.48 Policy Policy
2005 2.22 Policy Policy 13.21 0.02 Policy Policy 2004 5.69 Policy LBAB 1.35 0.09 8
9 1.24 7 -0.37 -1.48 7 3.36 4.58 6 2004 -2.11 12
9.06 -0.34 13 2004 -3.82 13 1/3/1900 3.27 14 3.59 7 Yr 55
-0.06 7 Yr 45 12.55 7 Yr 60 -0.32 7 Yr 55 8.81 3.9 -6.08
2004 3.42 -9.11 15.46 0.8 -17.68 2003 5.73 -2.44 -5.22 38 9.59
7.95 58 10.54 -2.91 87 16.08 5.52 19 5.88 2003 3.96 15.67
10.73 3.68 19.65 2003 1.97 33.76 5.44 5.63 8.32 12.61 36 -6.91
-2.78 51 -11.04 24.55 64 -24.41 0.08 21 0.33 16.1 8.23 Standard Deviation 8.17
2003 7.37 Standard Deviation 10.04 24.8 7.96 Standard Deviation 17.75 2002 6.82 Standard Deviation 4.12 -3.49 4.67 1
14.37 4.87 1 -0.25 4.32 1 9.39 5.47 1 2002 3.19 0
17.04 3.7 0 2002 2.64 0 9.11 4.83 0 -5.61 2.03 1
-2.67 2.87 1 -19.84 1.49 1 0.28 4.19 1 -6.21 0.06 0.19
2002 1.47 0.1 -19.57 -0.41 -0.07 2001 3.34 0.92 0.6 8 Yr 1.59
-7.32 8 Yr 1.05 -0.27 8 Yr -1.22 13.48 8 Yr 3.79 2001 6.84 0
-8.77 5.74 0 6/23/1905 4.13 0 1/13/1900 6.24 0 -13.1 14 Diff
1.45 30 Diff -26 69 Diff 0.07 10 Diff -8.19 5.34 0
6/23/1905 5.75 1 -26.85 4.97 0 2000 6.11 -1 ################################ 33 0
-9.99 30   -1 0.85 47   0 6.57 12   1 2000 8.09   -10
-12.48 7.43 10 2000 8.71 -20 6.72 6.61 -10 17.54 5.7 -1.21
2.49 5.92   1.67 8.31 5.96   -0.29 -0.15 5.65   0.17 10.29 4.56   -2.74
2000 5.13 -1.92 11.3 4.83 -1.15 1999 5.06 -0.49 7.25 3.42 -1.53
9.62 4.33 -3.59 -2.99 3.77 -0.86 ################################## 4.38 -0.66 1999 1.63 -0.53
9.76 2.77 1.57 1999 1.17 -0.71 -1.48 3.47 -0.24 19.87 Fiscal Year Returns Ending September -0.09
-0.14 Fiscal Year Returns Ending September -1.46 1/20/1900 Fiscal Year Returns Ending September -0.1 0.38 Fiscal Year Returns Ending September -0.2 1/6/1900 Fund -0.05
1999 Fund -0.15 27.81 Fund -0.01 1998 1997 Fund -0.05 13.1 Return -1.34
1/13/1900 Return   0.45 -6.91 Return   -0.13 Returns in Up Markets Return   0.38 1998 1997 %-tile   -0.08
15.47 %-tile -0.02 1998 1997 %-tile -0.01 Fund %-tile -0.01 Returns in Up Markets Policy -0.19
-2.23 Policy   0.02 Returns in Up Markets Policy   -0.01 LBAB LBAB   0.07 Fund Return   -1.6
1998 1997 Return 0.2 Fund Return -0.16 Ratio Return 0.29 Policy %-tile 2.37
Returns in Up Markets %-tile 1.95 Policy QU. FUND %-tile 1.74 3 Yr %-tile 0.41 Ratio Universe   7 Yr
Fund Universe 7 Yr Ratio UNIVERSE Universe 7 Yr 7.3 Universe 7 Yr 3 Yr 5th %-tile # of Negative Qtrs
Policy 5th %-tile # of Negative Qtrs 3 Yr POLICY 5th %-tile # of Negative Qtrs 7.5 5th %-tile # of Negative Qtrs 1/11/1900 25th %-tile   # of Positive Qtrs
Ratio 25th %-tile # of Positive Qtrs 24.5 25th %-tile # of Positive Qtrs 97.2 25th %-tile # of Positive Qtrs 13.9 QU. FUND 50th %-tile Batting Average
3 Yr QU. FUND 50th %-tile Batting Average 1/25/1900 50th %-tile Batting Average 5 Yr QU. FUND 50th %-tile Batting Average 81.8 UNIVERSE 75th %-tile Worst Qtr
14.1 UNIVERSE 75th %-tile Worst Qtr 96.1 75th %-tile Worst Qtr 9.9 UNIVERSE 75th %-tile Worst Qtr 5 Yr POLICY 95th %-tile Best Qtr
1/16/1900 POLICY 95th %-tile Best Qtr 5 Yr 95th %-tile Best Qtr 10.1 POLICY 95th %-tile Best Qtr 1/13/1900 Qtr Range
86.5 Qtr Range 25.3 Qtr Range 98.6 Qtr Range 15.3 2.19 0.0219 Worst 4 Qtrs
5 Yr 2.19 0.0219 Worst 4 Qtrs 1/25/1900 3.05 0.0305 Worst 4 Qtrs 7 Yr 0.58 0.0058 Worst 4 Qtrs 85.1 35 Standard Deviation
14 11 Standard Deviation 100 16 Standard Deviation 9.8 46 Standard Deviation 7 Yr 1.39 0.0139 Beta
1/16/1900 1.36 0.0136 Beta 7 Yr 1.85 0.0185 Beta 10 0.59 0.0059 Beta 1/15/1900 79   Annualized Alpha
86.7 59 Annualized Alpha 24.9 60 Annualized Alpha 98 44 Annualized Alpha 13.8 3.39 R-Squared
7 Yr 2.63 R-Squared 26.8 4.05 R-Squared 12/31/1997 1.21 R-Squared 109.5 2.45 Sharpe Ratio
14.6 1.77 Sharpe Ratio 93 2.6 Sharpe Ratio Incept 0.75 Sharpe Ratio 12/31/1997 1.96 Treynor Ratio
16.6 1.44 Treynor Ratio 12/31/1997 2 Treynor Ratio 9.8 0.55 Treynor Ratio Incept 1.47 Tracking Error
87.7 1.13 Tracking Error Incept 1.59 Tracking Error 9.9 0.41 Tracking Error 1/17/1900 0.54 Information Ratio
12/31/1997 0.32   Information Ratio 29.7 0.3   Information Ratio 98.9 0.12   Information Ratio 14.2 YTD   Fund
Incept YTD Fund 31.4 YTD Fund Returns in Down Markets YTD Fund 5/4/1900 2.19 11
18 2.19   11 94.5 3.05 11 Fund 0.58   8 Returns in Down Markets 35   17
19.4 11 17 Returns in Down Markets 16 17 LBAB 46 20 Fund 1.39 53.57
92.6 1.36 57.14 Fund 1.85 39.29 Ratio 0.59 50 Policy 79   -7.29
Returns in Down Markets 59 -7.44 Policy 60 -17.97 3 Yr 44 -2.27 Ratio 3.39 10.46
Fund 2.63 8.62 Ratio 4.05   14.93 -3.3 1.21 5.39 3 Yr 2.45   17.75
Policy 1.77 16.06 3 Yr 2.6 32.9 -3.7 0.75 7.66 ################################ 2004 FUND 1.96 0.0196 -13.1
Ratio 2004 FUND 1.44 0.0144 -9.99 -7.8 2004 FUND 2 0.02 -26 89.2 2004 FUND 0.55 0.0055 -1.19 -2.5 UNIVERSE 1.47 8.39
3 Yr UNIVERSE 1.13 8.13 ################################## UNIVERSE 1.59 16.11 5 Yr UNIVERSE 0.41 3.82 87.4 POLICY 0.54 0.0054 1.04
-2.1 POLICY 0.32 0.0032 0.85 4/9/1900 POLICY 0.3 0.003 0.94 -2.4 POLICY 0.12 0.0012 0.93 5 Yr 2005   -0.15
############################## 2005 0.23 0.0023 5 Yr 2005 -1.05   -2.9 2005 0.45 0.0045 ################################ 8.74 0.86 0.0086
3/1/1900 9   0.96 -32.7 12.84 0.96 80.8 2.95 0.98 ################################ 49   0.1
5 Yr 62 0.04 ################################## 71 -0.14 7 Yr 36 0.69 107 7.39 0.77
-14.1 9.06 0.38 100.9   13.21   -2.45 -2.4 2.8   2.83 7 Yr 69   3.19
############################## 60 2.05 7 Yr   65 3.39 -3.1 40 0.55 ################################ 15.79 -0.02
82.5 14.28 -0.13 -27.6   21   -0.35 79 7.26   0.18 -9.6 10.8   Policy
7 Yr 11.07 Policy -27.2 16.68 Policy 12/31/1997 3.57 LBAB 117.8 2003 FUND 8.56 0.0856 11
-11.7 2003 FUND 9.49 0.0949 11 101.7 2003 FUND 14.22 0.1422 11 Incept 2003 FUND 2.54 0.0254 9 12/31/1997 UNIVERSE 7.04 17
-13.5 UNIVERSE 8.41 17 12/31/1997 UNIVERSE 12.61 17 -2.4 UNIVERSE 1.72 19 Incept POLICY 5.32 0.0532 46.43
86.5 POLICY 6.56 0.0656 42.86 Incept POLICY 9.92 0.0992 60.71 -3.1 POLICY 0.86 0.0086 50 -11.4 2004   -6.08
12/31/1997 2004 -9.11 -27.7 2004 -17.68 79 2004 -2.44 -9.6 3.59 9.59
Incept 7.95   10.54 -27.8 12.55 16.08 3.36 5.88 117.8 90   15.67
-11.9 87 19.65 99.8 73 33.76 45 8.32 8.81 -8.19
-13.6 10.73 -12.48 15.46   -26.85 3.68   -2.05 15   7.47
87.2 45 9.35 42 16.75 38 4.06 11.16 1
14.86 1 20.78   1 12.2   1 7.66   0
12.41 0 16.98 0 4.61 0 2002 FUND 5.99 0.0599 1
2002 FUND 10.45 0.1045 1 2002 FUND 14.76 0.1476 1 2002 FUND 3.13 0.0313 1 UNIVERSE 4.74 0.12
UNIVERSE 9.13 0.06 UNIVERSE 12.1 -0.07 UNIVERSE 1.77 0.62 POLICY 2.52 0.0252 0.86
POLICY 6.48 0.0648 0.58 POLICY 8.94 0.0894 -1.13 POLICY 0.72 0.0072 2.53 2003   0
2003 0 2003 0 2003 0 12.61 Diff
14.37   Diff 24.55 Diff 5.52 Diff 82   0
85 0 38 0 41 -1 16.1 0
17.04 0 24.8   0 5.44   1 35   7.14
46 14.28 35 -21.42 42 0 22.8 -1.21
25.28 1.67 29.13   -0.29 26.81   0.17 17.03   0.87
19.14 -1.92 25.67 -1.15 7.58 -0.49 2001 FUND 14.93 0.1493 2.08
2001 FUND 16.68 0.1668 -3.59 2001 FUND 23.84 0.2384 -0.86 2001 FUND 4.69 0.0469 -0.66 UNIVERSE 12.96 -4.91
UNIVERSE 15.01 2.49 UNIVERSE 21.7 0.85 UNIVERSE 2.87 0.86 POLICY 11.07 0.1107 0.92
POLICY 12.75 0.1275 -1.22 POLICY 17.95 0.1795 -0.64 POLICY 1.6 0.016 -0.24 2002   0.04
2002 -0.15 2002 -0.06 2002 -0.07 -5.61 -0.15
-7.32   0.23 -19.84 -1.05 9.39 0.45 30   -0.14
36 -0.04 83 -0.04 9 -0.02 -6.21 -0.02
-8.77 -0.02 -19.57   -0.07 9.11   0.07 35   -0.09
58 -0.2 79 -1.32 10 0.3 0.31 3.19
-2.71 2.05 -8.08   3.39 10.2   0.55 -4.98   Incept
-6.37 Incept -14.71 Incept 7.74 Incept 2000 FUND -7.41 -0.0741 # of Negative Qtrs
2000 FUND -8.41 -0.0841 # of Negative Qtrs 2000 FUND -17.39 -0.1739 # of Negative Qtrs 2000 FUND 6.13 0.0613 # of Negative Qtrs UNIVERSE -9.57 # of Positive Qtrs
UNIVERSE -9.9 # of Positive Qtrs UNIVERSE -19.29 # of Positive Qtrs UNIVERSE 4.06 # of Positive Qtrs POLICY -13.64 -0.1364 Batting Average
POLICY -13 -0.13 Batting Average POLICY -22.31 -0.2231 Batting Average POLICY -4.43 -0.0443 Batting Average 2001 Worst Qtr
2001 Worst Qtr 2001 Worst Qtr 2001 Worst Qtr -13.1 Best Qtr
-9.99 Best Qtr -26 Best Qtr 13.48 Best Qtr 38 Range
35 Range 54 Range 9 Range -8.19 Worst 4 Qtrs
-12.48 Worst 4 Qtrs -26.85 Worst 4 Qtrs 13.41 Worst 4 Qtrs 14 Standard Deviation
61 Standard Deviation 61 Standard Deviation 10 Standard Deviation -4.3 Beta
-0.77 Beta -7.34 Beta 13.98 Beta -10.96 Annualized Alpha
-8.21 Annualized Alpha -18.04 Annualized Alpha 12.52 Annualized Alpha -14.72 R-Squared
-11.6 R-Squared -25.55 R-Squared 11.24 R-Squared -18.05 Sharpe Ratio
-14.34 Sharpe Ratio -28.73 Sharpe Ratio 9.07 Sharpe Ratio -25.61 Treynor Ratio
-23.18 Treynor Ratio -35.37 Treynor Ratio -11.92 Treynor Ratio 2000 Tracking Error
2000 Tracking Error 2000 Tracking Error 2000 Tracking Error 17.54 Information Ratio
9.62 Information Ratio 8.31 Information Ratio 6.57 Information Ratio 53 Fund
58 Fund 77 Fund 24 Fund 10.29 12
9.76 12 11.3 12 6.72 8 90 20
56 20 58 20 20 24 47.11 56.25
23.3 59.38 28.56 43.75 7.97 50 27.5 -7.29
13.41 -7.44 17.63 -17.97 6.53 -2.27 18.07 14.62
10.18 12.53 12.18 19.75 5.96 5.39 14.13 21.91
8.25 19.97 8.8 37.72 5.16 7.66 7.08 -13.1
2.8 -9.99 1.25   -26 -0.46 -1.19 1999 9.84
1999 9.33 1999 17.44 1999 3.88 19.87 1.19
13.24 0.9 20.9   0.94 -1.1 0.96 13 0.6
66 0.51 69 -0.55 68 0.38 6.77 0.79
15.47 0.97 27.81 0.97 -1.48 0.98 82 0.36
56 0.26 31 0.05 72 0.75 26.19 2.94
27.78 2.67 39.32   0.84 7.11 3.02 14.28 4.69
18.35 1.97 28.55 3.31 2.41 0.56 10.92 0.32
16.02 -0.01 26.55   -0.25 0.41 0.23 8.07 Policy
11.94 Policy 19.59 Policy -1.8 LBAB 2.29 11
2.49 12 3.33 12 -4.55 9 1998 21
1998 20 1998 20 1998 23 12.47 43.75
10.82 40.62 13.39 56.25 15.8 50 8.84 -6.08
8.11 -9.11 8.74 -17.68 10.74 -2.44 6.59 9.59
4.55 12.55 4.44 21.3 8.67 5.88 2.27 15.67
-0.32 21.66 -2.45 38.98 6.54 8.32 -5.04 -8.19
-8.84 -12.48 -15.11 -26.85 -3.43 -2.05 7.38
10.17 18.22 4.02 1
1 1 1 0
0 0 0 1
1 1 1 0.27
0.24 0.09 0.69 2
2.41 1.63 2.77 0
0 0 0 Diff
Diff Diff Diff 1
0 0 -1 -1
0 0 1 12.5
18.76 -12.5 0 -1.21
1.67 -0.29 0.17 5.03
-0.02 -1.55 -0.49 6.24
-1.69 -1.26 -0.66 -4.91
2.49 0.85 0.86 2.46
-0.84 -0.78 -0.14 0.19
-0.1 -0.06 -0.04 0.6
0.51 -0.55 0.38 -0.21
-0.03 -0.03 -0.02 0.09
0.02 -0.04 0.06 0.94
0.26 -0.79 0.25 4.69
1.97 3.31 0.56 5.08