SUNRISE POLICE SCROLL TO RIGHT------> Small Cap
LOCK BUCKHEAD TOTAL EXECUTIVE HERE LOCK LOCK BUCKHEAD TOTAL UNIVERSE HERE LOCK LOCK BUCKHEAD TOTAL RISK HERE LOCK LOCK DHJ EQ. TOTAL EXECUTIVE HERE LOCK LOCK DHJ EQ. UNIVERSE HERE LOCK LOCK DHJ TOTAL RISK HERE LOCK LOCK BUCKHEAD EQUITY EXECUTIVE HERE LOCK LOCK  BUCKHEAD EQUITY UNIVERSE HERE LOCK LOCK BUCKHEAD EQUITY RISK HERE LOCK BUCKHEAD EQUITY EXECUTIVE HERE LOCK LOCK  BUCKHEAD EQUITY UNIVERSE HERE LOCK LOCK BUCKHEAD EQUITY RISK HERE LOCK
Sunrise Police Sunrise Police % SDG DID NOT SEND Sunrise Police Sunrise Police Sunrise Police % Sunrise Police Sunrise Police % Sunrise Police Sunrise Police Sunrise Police Sunrise Police
Buckhead Equity (Large Cap Value + Small Cap Value + Cash) Buckhead Equity (Large Cap Value + Small Cap Value + Cash) DHJ Large Cap Growth Equity DHJ Large Cap Growth Equity DHJ Large Cap Growth Equity Buckhead (Large Cap Value Equity + Cash) Buckhead (Large Cap Value Equity + Cash) Buckhead (Large Cap Value Equity + Cash) Buckhead (Small Cap Equity + Cash) Buckhead (Small Cap Equity + Cash) Buckhead (Small Cap Equity + Cash)
Executive Summary Universe Comparisons Executive Summary Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures
Inception date is March 31, 2004 70% Broad LC V Core. 30% Broad SCV Core 37 Broad Large Cap Growth Conservative Equity 41 51 Broad Large Cap Value Core Equity 55 58 Broad Small Cap Value Core 62
All dollar values are shown in thousands. Returns are in percent. "%-tile" is the percentile ranking within the universe. Inception date is December 31, 1997 39 3 Yr Inception date is December 31, 2002 53 1 Yr Inception date is March 31, 2004 60 Incept 1 Yr
Returns for periods exceeding one year are annualized. Returns for periods exceeding one year are annualized. 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 are gross of fees. Incept is March 31, 2004 to December 31, 2005 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
Account Reconciliation Trailing Returns through December 31, 2005 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, 2002 to June 30, 2006 Batting Average Returns are gross of fees. Incept is March 31, 2004 to June 30, 2006 Batting Average
Beginning Value Fund 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
Net Flows Return Beginning Value Fund Best Qtr Beginning Value Fund Best Qtr Beginning Value Fund Best Qtr
Investment G/L %-tile Net Flows Return Range Net Flows Return Range Net Flows Return Range
Ending Value Policy Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs
12/31/2005 Return Ending Value S&P500 Standard Deviation Ending Value S&P500 Standard Deviation Ending Value R2000V Standard Deviation
Qtr %-tile 6/30/2006 Return Beta 6/30/2006 Return Beta 6/30/2006 Return Beta
17,522 Universe Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha
-34 5th %-tile 12,281 Universe R-Squared 14,770 Universe R-Squared 4,281 Universe R-Squared
465 25th %-tile -277 5th %-tile Sharpe Ratio -1,022 5th %-tile Sharpe Ratio 479 5th %-tile Sharpe Ratio
17,953 50th %-tile -466 25th %-tile Treynor Ratio -36 25th %-tile Treynor Ratio -215 25th %-tile Treynor Ratio
2,006 75th %-tile 11,538 50th %-tile Tracking Error 13,712 50th %-tile Tracking Error 4,545 50th %-tile Tracking Error
YTD 95th %-tile 2006 75th %-tile Information Ratio 2006 75th %-tile Information Ratio 2006 75th %-tile Information Ratio
17,522 2 Qtrs YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund
-34   3.57   4 12,007 2 Qtrs 4 13,801   2 Qtrs   1 3,721 2 Qtrs 1
465   95 8 -734 -1.16 8 -1,062   3.95 3 470 8.15 0.0815 3
17,953   5.18   58.33 266 74 33.33 973   35   75 354 32 Batting Average 50
38,077 68 -17.77 11,538 2.71 -4.9 13,712 2.71 -0.3 4,545 10.43 0.1043 -4.74
Incept 8.78 14.61 12/31/1997 14 10.86 12/31/2002 60 4.26 3/31/2004 9 13.53
13,788 6.88 32.38 Incept 4.63 15.76 Incept 7 4.56 Incept 11.08 18.27
  1,871 5.85 -25.33 10,999 1.97 3.79   6,658 4.84 7.4 2,986 8.51 13
2,293 4.82 20.64 -5,680 0.16 9.11 2,051 2.97 6.49 592 6.73 Standard Deviation 13.27
17,953     3.5 0.99 6,219     -1.32 1.05 5,003     2.5 0.84   967 5.41 Beta 1.01  
Investment Policy #VALUE! 3 Qtrs 0.67 11,538  11,538,000 -4.16 -3.79 13,712  13,712,000 1.14 0.23 0.0023 4,545   4,545,000 1.55 Annualized Alpha -1.47 -0.0147
Index 4.74 1 Investment Policy 3 Qtrs 0.89 Investment Policy 3 Qtrs 0.75 Investment Policy 3 Qtrs R-Squared 0.89
S&P 500 97 -0.03 Index 2.17 0.58 Index 7.01 0.53 Index 9.88 0.0988 0.68
Russell 2000 Value 7.81 -0.6 S&P 500 60 5.03 S&P 500 20 4.11 Russell 2000 Value 30 8.96
Total 54 1.29 Total 4.85 3.1 Total 4.85 3.43 Total 11.17 0.1117 4.33
Weight 11.42 0.52 Weight 25 -1.17 Weight 50 -0.36 Weight 20 -0.37
70 9.15 S&P500 100 6.99 S&P500 100 9.32 S&P500 100 14.19 Policy R2000V
30 7.95 4 100 4.82 3 100 6.74 1 100 10.38 1
100 6.82 8 Trailing Returns through June 30, 2006 3.12 9 Trailing Returns through June 30, 2006 4.82 3 Trailing Returns through June 30, 2006 7.88 3
Trailing Returns through December 31, 2005 5.11 41.67 Fund 0.52 66.67 Fund 4.38 25 Fund 6.76 50
Fund 1 Yr -17.28 S&P500 -2.01 -2.15 S&P500 1.98 -1.44 R2000V 2.64 -2.7
Policy   4.49   15.39 Diff   1 Yr   12.18 Diff   1 Yr   4.21 Diff 1 Yr 13.5
Diff 1 Yr FUND 80 0.8 32.67 1 Yr 1 Yr FUND 5.64 0.0564 14.33 1 Yr 1 Yr FUND 7.4 0.074 5.65 1 Yr 13 0.13 16.2
1 Yr UNIVERSE 4.9 -24.76 1/5/1900 UNIVERSE 66 4.91 1/7/1900 UNIVERSE 83 8.63 1/13/1900 54 14.6
4.49 POLICY 74 0.74 20.91 8.63 POLICY 8.63 0.0863 8.19 8.63 POLICY 8.63 0.0863 6.71 14.6 14.6 0.146 12.42
4.9 11.16 1 -2.99 35 1 -1.23 50 1 -1.6 36 1
-0.41 7.81 0 2 Yr 13.35 0 2 Yr 14.78 0 2 Yr 24.35 0
2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 6.21 1 1/4/1900 10.14 1 1/8/1900 10.78 1 1/10/1900 15.85 1
3/31/2004 4.8 -0.06 7.47 6.53 1.09 7.47 8.58 0.7 14.5 13.41 0.86
Incept 2.76 -1.26 -2.7 4.64 8.91 1.14 7.95 4.68 -4.36 10.67 10.65
8.11 2 Yr 0 3 Yr 1.23 0 3 Yr 5.17 0 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 5.76 0
1/8/1900 14.4 Diff 7.59 2 Yr Diff 1/13/1900 2 Yr Diff 3/31/2004 2 Yr Diff
   -0.79 11.48   0   1/11/1900 4.77   1    1/11/1900 2 Yr FUND 8.61 0.0861 0   Incept 10.14 0.1014 0
   Fiscal Year Returns Ending September 9.99 0   ################################## 58 -1    2.03 UNIVERSE 44 0   12.92 82 0
  Fund 8.71   16.66   4 Yr 7.47   -33.34   4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr POLICY 7.47 0.0747 50   13.21 14.5 0.145 0
Policy 7.01 -0.49 5.22 32 -2.75 12/31/2002 59 1.14 -0.29 27 -2.04
Diff 3 Yr -0.78 1/8/1900 11.8 -1.32 Incept 14.19 0.05 Fiscal Year Returns Ending September 18.67 0.03
12/31/2005 21.02 -0.29 -3.15 8.02 1.43 15.25   10.41 -1.09 Fund 14.72 2.07
Qtr 18.29 -0.57 5 Yr 5.98 -1.12 13.08 7.98 -1.23 R2000V 12.68 -1.6
2.66 16.87 -0.27 0.29 3.29 0.92 2.17 7.03 -0.22 Diff 10.83 0.85
1/1/1900 15.71 -0.01 2.49 0.5 0.05 Fiscal Year Returns Ending September 4.91 -0.16 6/30/2006 7.16 0.01
1 14.12 0.67 -2.2 3 Yr -3.79 Fund 3 Yr 0.23 Qtr 3 Yr -1.47
6/28/1905 3 YR FUND 4 Yr ####### 0 6 Yr 3 YR FUND 7.59 0.0759 -0.11 S&P500   13.25 0.1325 -0.25 -4.74 24.43 -0.11
YTD UNIVERSE 11.11 0.03 ################################## UNIVERSE 66 -0.51 Diff   29 -0.17 ################################### 21.12 -0.18
2.66 POLICY 8.51 0.0851 0.66 -0.62 POLICY 11.22 0.1122 -3.88 6/30/2006   11.22 0.1122 -0.57 -2.04 19.49 -1.69
1.66 7.01 1.29 -3.05 24 3.1 Qtr   53 3.43 2006 17.23 4.33
1/1/1900 5.81 5 Yr 5 Yr 7 Yr 14.35 5 Yr 5 Yr ################################ 17.45 2 Yr YTD 14.81 2 Yr
6/27/1905 4.34 # of Negative Qtrs ################################## 11.02 # of Negative Qtrs ################################ 13.5 # of Negative Qtrs 9.88 4 Yr # of Negative Qtrs
11.87 5 Yr # of Positive Qtrs 0.47 8.97 # of Positive Qtrs 1.14 11.3 # of Positive Qtrs 11.17 19.04 # of Positive Qtrs
13.96 9.97 Batting Average ################################## 6.69 Batting Average 2006 10.65 Batting Average -1.29 14.75 Batting Average
-2.09 6.67 Worst Qtr 8 Yr 4.64 Worst Qtr YTD 8.26 Worst Qtr 2005 13.1 Worst Qtr
2004 2003 2002 2001 2000 1999 1998 1997 5.09 Best Qtr 1/2/1900 4 Yr Best Qtr 1/7/1900 4 Yr Best Qtr 1/14/1900 12.17 Best Qtr
Returns in Up Markets 3.68 Range 1/3/1900 5.22 Range 1/4/1900 12 Range 1/17/1900 8.59 Range
Fund 2.03 Worst 4 Qtrs ################################## 69 Worst 4 Qtrs 2.16 9.64 Worst 4 Qtrs -3.69 5 Yr Worst 4 Qtrs
Policy 6 Yr Standard Deviation 9 Yr 10 Yr 8.37 Standard Deviation 2005 8.17 Standard Deviation 2004 2003 2002 2001 2000 1999 1998 1997 17.6 Standard Deviation
Ratio 11.33 Beta 12/31/1997 26 Beta 11.29 7.6 Beta Returns in Up Markets 13.03 Beta
1 Yr 7.53 Annualized Alpha Incept 11.03 Annualized Alpha 1/12/1900 5.97 Annualized Alpha Fund 11.15 Annualized Alpha
4.7 5.22 R-Squared 4.96 8.43 R-Squared -0.96 5 Yr R-Squared R2000V 9.55 R-Squared
7.8 3.32 Sharpe Ratio 4.83 6.16 Sharpe Ratio 2004 7.87 Sharpe Ratio Ratio 5.48 Sharpe Ratio
60.7 1.41 Treynor Ratio 1/0/1900 4.76 Treynor Ratio 1/17/1900 5.29 Treynor Ratio 1 Yr 6 Yr Treynor Ratio
3/31/2004 7 Yr Tracking Error Fiscal Year Returns Ending September 2.86 Tracking Error 1/13/1900 3.07 Tracking Error 1/18/1900 19.54 Tracking Error
Incept 10.71 Information Ratio Fund 5 Yr Information Ratio 3.49 2.09 Information Ratio 17.8 15.72 Information Ratio
13.1 5 YR FUND 7.61 0.0761 Fund S&P500 5 YR FUND 0.29 0.0029 Fund Fund 2003 2002 2001 2000 1999 1998 1997 0.74   Fund 104.7 12.2 Fund
16.3 UNIVERSE 6.06 8 Diff UNIVERSE 58 8 Returns in Up Markets   6 Yr 2 2 Yr 9.69 3
80.2 POLICY 4.78 0.0478   12 6/30/2006 POLICY 2.49 0.0249 12 Fund   11.35   6 19.8 4.78 5
Returns in Down Markets 3.28 Batting Average 55 Qtr 29 Batting Average 35 S&P500   5.98 62.5 25.3 7 Yr 50
Fund 8 Yr -17.77 -3.84 4.31 -15.29 Ratio 1.3 -0.95 78.1 17.58 -4.74
Policy 10.09 14.61 -1.44 2.72 11.55 1 Yr -0.86 9.02 3/31/2004 14.04 13.53
Ratio 7.7 32.38 ################################## 0.79 26.84 7.7 -1.89 9.97 Incept 11.97 18.27
1 Yr 6.59 -25.89 6/28/1905 -0.76 -23.77 1/10/1900 7 Yr 5.09 22.2 10.24 2.34
-0.2 5.62 Standard Deviation 18.42 YTD -2.14 Standard Deviation 15.62 75.5 8.31 6.79 21.9 7.26 14.55
-2.7 4.47 Beta 0.94   2.17 6 Yr Beta 0.92 2 Yr 4.09 0.82   101.2 8 Yr 1
8.5 Fiscal Year Returns Ending September Annualized Alpha -0.72 -0.0072 4.85 -3.67 Annualized Alpha -2.02 -0.0202 1/14/1900 1.82 2.35 0.0235 Returns in Down Markets 14.57 -3.72 -0.0372
3/31/2004 Fund R-Squared 0.97 -2.68 64 R-Squared 0.96 1/17/1900 0.25 0.82 Fund 11.78 0.87
Incept Return -0.28 2005 -0.62 -0.12 3/25/1900 -0.75 0.83 R2000V 9.51 0.49
-1.7 %-tile -5.48 12.97 30 -2.03 3 Yr 8 Yr 6.85 Ratio 7.86 7.15
-3.9 Policy 3.6 12.25 3.66 3.36 1/18/1900 8.18 3.14 1 Yr 5.66 5.28
2/12/1900 Return -0.17 0.72 -0.11 -0.65 1/18/1900 5.24 0.36 -4.7 Fiscal Year Returns Ending September -0.83
2000 %-tile Policy S&P500 2004 -2.92 Policy S&P500 101.9 3.39 S&P500 -2.7 Fund R2000V
-5.58 Universe 9 4.45 -5.1 7 12/31/2002 2.76 3 175.6 Return 2
-9.11 5th %-tile 11 13.87 -7.06 13 Incept 1.35 5 2 Yr %-tile 6
3.53 25th %-tile 45 -9.42 7 Yr 65 24.3 Fiscal Year Returns Ending September 37.5 -7.5 R2000V 50
1999 50th %-tile -17.28 2003 -0.45 -17.28 23 Fund -2.15 -6.6 Return -3.98
8.77 75th %-tile 15.39 20.02 51 15.39 105.9 Return   9.23 113.9 %-tile 13.5
1/21/1900 95th %-tile 32.67 24.4 0.47 32.67 Returns in Down Markets %-tile 11.38 3/31/2004 Universe 17.48
-12.27 Qtr -26.62 -4.38 39 -24.76 Fund S&P500   4.91 Incept 5th %-tile 4.71
1998 2.66 Standard Deviation 19.2 6/24/1905 7.88 Standard Deviation 16.73 S&P500 Return 7.47 -7.5 25th %-tile 13.56
30.71 14 1 -17.69 1.42 1 Ratio %-tile 1 -6.6 QU. FUND 50th %-tile #VALUE! 1
28.58 1.66 0 -20.49 -0.44 0 1 Yr Universe 0 113.9 UNIVERSE 75th %-tile 0
2.13 54 1 2.8 -2.11 1 -0.3 5th %-tile 1 POLICY 95th %-tile #VALUE! 1
1997 1996 1995 3.23 -0.24 2001 -3.33 0.02 ################################ 25th %-tile 0.6 Qtr 0.85
Returns in Up Markets 2.26 -4.52 -33.13 8 Yr 0.33 20.8 QU. FUND 50th %-tile 4.48 -4.74 -0.0474 11.51
Fund 1.73 0 -26.62 2.61 0 2 Yr UNIVERSE 75th %-tile 0 65 0
S&P500 1.19 Diff -6.51 42 Diff -0.8 POLICY 95th %-tile Diff -2.7 -0.027 Diff
Ratio 0.35 -1 2000 3.02 1 -5.4 Qtr -1 27 1
3 Yr YTD   1 26.61 35   -1 14.2 -0.3 -0.003 1 -1.08 -1
32.2 2.66 10 13.28 7.03 -30 3 Yr 32 25 -2.63 0
31.2 14   -0.49 13.33 3.4   1.99 -0.8 -1.44 -0.0144 1.2 -3.92 -0.76
103 1.66