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 June 30, 2006 Batting Average
Returns are gross of fees. Incept is December 31, 1997 to June 30, 2006 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2006 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2006 Batting Average Account Reconciliation Trailing Returns through June 30, 2006 Worst Qtr
Account Reconciliation Trailing Returns through June 30, 2006 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2006 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2006 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 6/30/2006 Return Beta
6/30/2006 Return Beta 6/30/2006 Return Beta 6/30/2006 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 20,403 Universe R-Squared
46,476 Universe R-Squared 30,582 Universe R-Squared 13,777 Universe R-Squared 468 5th %-tile Sharpe Ratio
-84 5th %-tile Sharpe Ratio -617 5th %-tile Sharpe Ratio 1,186 5th %-tile Sharpe Ratio -453 25th %-tile Treynor Ratio
-719 25th %-tile Treynor Ratio -724 25th %-tile Treynor Ratio -10 25th %-tile Treynor Ratio 20,419 50th %-tile Tracking Error
45,674 50th %-tile Tracking Error 29,242 50th %-tile Tracking Error 14,954 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   6 709 -0.63 8
391 1.52   8 -1,207   2.32   9 1,940   -0.52 6 301 67   41.67
1,635 63 33.33 1,574   69   33.33 14   64   33.33 20,419 1.42 -2.2
45,674 2.12   -1.55 29,242 3.99   -3.08 14,954 -0.72 -2.27 35,795 20   6.62
12/31/1997 43 6.96 12/31/1997 27 12.2 12/31/1997 71 2.97 Incept 2.78 8.82
Incept 4.2 8.51 Incept 6.51 15.28 Incept 2.98 5.24 15,998 1.05 2.65
15,998 2.74 4.13 10,999 4.09 4.95 4,811 1.35 -0.36 -5,681 0.04 5.08
13,563 1.93 5.23 9,492 3.2 9 3,102 -0.1 3.02 10,102 -1.03 1.05
16,113 0.99 0.96 8,750     1.81 1 7,041     -0.8 0.93 20,419  20,419,000 -2.31 -1.91
45,674  45,674,000 -1.09 -0.49 29,242   29,242,000 -1.47 -0.96 14,954   14,954,000 -1.58 0.1 Investment Policy     3 Qtrs 0.84
Investment Policy 3 Qtrs 0.94 Investment Policy 3 Qtrs 0.96 Investment Policy 3 Qtrs 0.99 Index 1.55 0.56
Index 3.74 1.01 Index 5.44 1.04 Index 0.05 -0.1 S&P 500 57 2.7
S&P 500 43 5.51 S&P 500 43 9.38 Lehman Aggregate Bond 62 -0.32 Lehman Gov/Credit-Intermediate 2.84 2.02
Lehman Aggregate Bond 3.51 1.32 Russell 2000 Value 5.91 1.88 Total -0.13 0.32 Total 31 -0.84
Russell 2000 Value 49 -0.66 Total 34 -0.57 Weight 69 -0.13 Weight 4.94 Policy
Total 5.82 Policy Weight 8.83 Policy 100 3.97 LBAB 55 3.2 3
Weight 4.41 3 83.3 6.41 3 100 1.99 6 45 1.75 9
50 3.47 9 16.7 5.19 9 Trailing Returns through June 30, 2006 0.39 6 100 0.93 58.33
40 2.59 66.67 100 3.83 66.67 Fund -0.28 66.67 Trailing Returns through June 30, 2006 -0.65 -1.56
10 0.74 -1.64 Trailing Returns through June 30, 2006 0.98 -2.45 LBAB -1.24 -2.44 Fund 1 Yr 6.63
100 1 Yr 7.82 Fund   1 Yr   12.99 Diff   1 Yr   3.2 Policy 1 Yr FUND 3.62 0.0362 8.19
Trailing Returns through June 30, 2006 1 Yr FUND 4.95 0.0495 9.46 Policy 1 Yr FUND 7.44 0.0744 15.44 1 Yr 1 Yr FUND -0.36 -0.0036 5.64 Diff UNIVERSE 60   3.48
Fund UNIVERSE 73 4.02 Diff UNIVERSE 80 4.91 -0.36 UNIVERSE 63 -0.81 1 Yr POLICY 4.65 0.0465 4.45
Policy POLICY 5.43 0.0543 5.27 1 Yr POLICY 9.65 0.0965 8.8 -0.81 POLICY -0.81 -0.0081 3.24 3.62 43   1
Diff 63 1 7.44 44 1 0.45 73 1 4.65 9.08 0
1 Yr 9.5 0 9.65 14.74 0 2 Yr 5.87 0 -1.03 6.09 1
4.95 7.34 1 -2.21 11.04 1 2.99 2.44 1 2 Yr 4.05 1.02
5.43 6.05 1.17 2 Yr 9.24 1.19 2.93 0.15 -0.08 4.15 2.83 4.53
-0.48 4.74 6.16 7.39 7.81 10.45 0.06 -0.89 -0.26 5.19 1.3 0
2 Yr 2.69 0 8.66 4.58 0 3 Yr -2.03 0 -1.04 2 Yr Diff
5.88 2 Yr Diff -1.27 2 Yr Diff 1/2/1900 2 Yr Diff 3 Yr 4.15 1
6.44 5.88   1 3 Yr 7.39     0 2.05 2.99   0 5.14 55   -1
-0.56 64 -1 11.69 71   0 -0.04 30 0 6.84 5.19 -16.66
3 Yr 6.44   -33.34 12.76 8.66     -33.34 4 Yr 2.93   -33.34 -1.7 36   -0.64
7.6 46 0.09 ################################## 45 -0.63 1/4/1900 32 0.17 4 Yr 9.12 -0.01
8.47 9.51 -0.86 4 Yr 13.36 -0.79 4.41 5.55 -0.23 5.01 6.05 0.63
-0.87 7.34 -0.95 8.15 10.07 -0.16 -0.09 3.1 -0.4 1/6/1900 4.36 -0.83
4 Yr 6.22 0.11 9.2 8.39 0.04 5 Yr 2.51 0.45 -1.98 3.2 0.63
6.62 5.49 -0.04 -1.05 7.05 0.2 5.23 1.95 -0.22 5 Yr 1.83 0.05
7.38 3.74 -0.04 5 Yr 4.24 0 1/5/1900 -0.21 -0.07 2.86 3 Yr -1.91
-0.76 3 Yr -0.49 2.87 3 Yr -0.96 0.07 3 Yr 0.1 4.41 3 YR FUND 5.14 0.0514 -0.16
5 Yr 3 YR FUND 7.6 0.076 -0.06 3.5 3 YR FUND 11.69 0.1169 -0.04 6 Yr 3 YR FUND 2.01 0.0201 -0.01 -1.55 UNIVERSE 74   -0.46
4.11 UNIVERSE 79 -0.16 -0.63 UNIVERSE 69 -0.15 1/6/1900 UNIVERSE 39 -0.02 6 Yr POLICY 6.84 0.0684 -1.83
4.38 POLICY 8.47 0.0847 -0.65 6 Yr POLICY 12.76 0.1276 -1.07 1/6/1900 POLICY 2.05 0.0205 -0.06 1.17 35   2.02
-0.27 54 1.32 ################################## 47 1.88 0.1 37 0.32 1/3/1900 10.4 5 Yr 5 Yr
6 Yr 12.07 5 Yr 5 Yr -0.09 17.53 5 Yr 5 Yr 7 Yr 6.17 5 Yr 5 Yr ################################ 7.38 # of Negative Qtrs
1/2/1900 9.69 # of Negative Qtrs -0.29 14.06 # of Negative Qtrs 1/5/1900 2.4 # of Negative Qtrs 7 Yr 6.03 # of Positive Qtrs
2.62 8.57 # of Positive Qtrs 7 Yr 12.6 # of Positive Qtrs 5.87 1.76 # of Positive Qtrs 2.79 5.1 Batting Average
0.04 7.74 Batting Average ################################## 11.13 Batting Average 0.07 1.17 Batting Average 1/3/1900 3.57 Worst Qtr
7 Yr 6.09 Worst Qtr 0.84 8.56 Worst Qtr 8 Yr -1.67 Worst Qtr -1.08 4 Yr Best Qtr
1/2/1900 4 Yr Best Qtr ################################## 4 Yr Best Qtr 1/5/1900 4 Yr Best Qtr 8 Yr 5.01 Range
3.08 6.62 Range 8 Yr 8.15 Range 1/5/1900 4.32 Range 1/4/1900 75 Worst 4 Qtrs
-0.27 61 Worst 4 Qtrs 1/2/1900 68 Worst 4 Qtrs 0.15 24 Worst 4 Qtrs 1/4/1900 6.99 Standard Deviation
8 Yr 7.38 Standard Deviation 1/3/1900 9.2 Standard Deviation 9 Yr 10 Yr 4.41 Standard Deviation 1/0/1900 30 Beta
1/4/1900 40 Beta -1.16 46 Beta 12/31/1997 22 Beta 9 Yr 10 Yr 9.42 Annualized Alpha
1/4/1900 10.1 Annualized Alpha 9 Yr 10 Yr 12.55 Annualized Alpha Incept 8.35 Annualized Alpha 12/31/1997 7.24 R-Squared
-0.28 8.05 R-Squared 12/31/1997 10.12 R-Squared 5.79 4.24 R-Squared Incept 5.97 Sharpe Ratio
9 Yr 10 Yr 6.99 Sharpe Ratio Incept 8.92 Sharpe Ratio 5.65 3.31 Sharpe Ratio 1/6/1900 5 Treynor Ratio
12/31/1997 6.11 Treynor Ratio 4.16 7.71 Treynor Ratio 0.14 2.43 Treynor Ratio 5.2 3.7 Tracking Error
Incept 5.05 Tracking Error 1/5/1900 5.78 Tracking Error Fiscal Year Returns Ending September -0.9 Tracking Error 1/1/1900 5 Yr Information Ratio
5.58 5 Yr Information Ratio -0.99 5 Yr Information Ratio Fund 5 Yr Information Ratio Fiscal Year Returns Ending September 5 YR FUND 2.86 0.0286 Fund
1/5/1900 5 YR FUND 4.11 0.0411 Fund Fiscal Year Returns Ending September 5 YR FUND 2.87 0.0287 Fund LBAB 5 YR FUND 5.23 0.0523 Fund Fund UNIVERSE 51   8
-0.08 UNIVERSE 45 8 Fund UNIVERSE 65 7 Diff UNIVERSE 18 7 Policy POLICY 4.41 0.0441 12
Fiscal Year Returns Ending September POLICY 4.38 0.0438 12 Policy POLICY 3.5 0.035 13 6/30/2006 POLICY 5.16 0.0516 13 Diff 24   Batting Average 40
Fund 39 Batting Average 45 Diff 52 Batting Average 35 Qtr 19 Batting Average 45 6/30/2006 7.08 -5.61
Policy 7.04 -7.44 6/30/2006 8.66 -17.97 -0.09 6.55 -2.27 Qtr 4.28 6.85
Diff 5.01 8.62 Qtr 4.97 14.93 ################################## 4.83 5.39 -2.2 2.87 12.46
6/30/2006 3.94 16.06 -2.45 3.57 32.9 -0.01 4.04 7.66 -0.69 1.92 -7.44
Qtr 3.01 -9.47 -1.65 2.38 -25.12 2006 3.08 -0.36 -1.51 0.23 Standard Deviation 7.24
-1.55 1.67 Standard Deviation 8.15 -0.8 -0.14 Standard Deviation 16.66   YTD 0.67 Standard Deviation 3.97 2006 6 Yr Beta 0.9
-1.01 6 Yr Beta 0.84 6/28/1905 6 Yr Beta 0.98   0.05 6 Yr Beta 0.95   YTD 1.17 Annualized Alpha -1.06 -0.0106
-0.54 2.66 Annualized Alpha 0.36 0.0036 YTD -0.38 Annualized Alpha -0.56 -0.0056 -0.13 6.22 Annualized Alpha 0.32 0.0032 1.55 46 R-Squared 0.93  
2006.00 42 R-Squared 0.98 5.44 66 R-Squared 0.99 0.18 10 R-Squared 0.99 1/2/1900 3.27 0.1
YTD 2.62 0.24 1/5/1900 -0.09 0.04 2005 6.12 0.77 -1.29 25 0.78
3.74 43 2.32 ################################## 62 0.72 1/2/1900 11 3.23 2005 7.24 2.11
3.51 7.59 1.94 2005 10.48 1.73 2.8 6.48 0.41 8.74 3.08 -0.73
0.23 3.69 -0.14 12.84 3.47 -0.36 0.15 5.65 0.17 1/7/1900 0.93 Policy Policy
2005 2.31 Policy Policy 13.21 0.54 Policy Policy 2004 4.87 Policy LBAB 1.35 -0.45 8
9 1.22 7 -0.37 -1.21 7 3.36 3.85 8 2004 -2.77 12
9.06 -0.93 13 2004 -5.26 13 1/3/1900 1.77 12 3.59 7 Yr 60
-0.06 7 Yr 55 12.55 7 Yr 65 -0.32 7 Yr 55 8.81 2.79 -6.08
2004 2.81 -9.11 15.46 -0.19 -17.68 2003 5.94 -2.44 -5.22 46 9.59
7.95 51 10.54 -2.91 80 16.08 5.52 7 5.88 2003 3.87 15.67
10.73 3.08 19.65 2003 0.84 33.76 5.44 5.87 8.32 12.61 29 -6.91
-2.78 43 -11.04 24.55 62 -24.41 0.08 9 -0.81 16.1 7.12 Standard Deviation 7.79
2003 7.15 Standard Deviation 9.55 24.8 8.46 Standard Deviation 16.85 2002 5.98 Standard Deviation 4.16 -3.49 4.08 1
14.37 3.93 1 -0.25 3.29 1 9.39 5.33 1 2002 2.49 0
17.04 2.83 0 2002 1.49 0 9.11 4.69 0 -5.61 1.22 1
-2.67 2.04 1 -19.84 0.16 1 0.28 3.9 1 -6.21 -0.64 0.29
2002 0.42 0.23 -19.57 -1.78 0.08 2001 2.24 0.72 0.6 8 Yr 2.25
-7.32 8 Yr 2.22 -0.27 8 Yr 1.34 13.48 8 Yr 3 2001 4.76 0
-8.77 4.22 0 6/23/1905 2.19 0 1/13/1900 5.62 0 -13.1 23 Diff
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