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% Broad FI 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 September 30, 2005 Batting Average
Returns are gross of fees. Incept is December 31, 1997 to September 30, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2005 Batting Average Account Reconciliation Trailing Returns through September 30, 2005 Worst Qtr
Account Reconciliation Trailing Returns through September 30, 2005 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2005 Worst Qtr Account Reconciliation Trailing Returns through September 30, 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 9/30/2005 Return Beta
9/30/2005 Return Beta 9/30/2005 Return Beta 9/30/2005 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 19,041 Universe R-Squared
43,188 Universe R-Squared 28,434 Universe R-Squared 12,854 Universe R-Squared -20 5th %-tile Sharpe Ratio
-44 5th %-tile Sharpe Ratio -104 5th %-tile Sharpe Ratio 201 5th %-tile Sharpe Ratio 388 25th %-tile Treynor Ratio
504 25th %-tile Treynor Ratio 545 25th %-tile Treynor Ratio -55 25th %-tile Treynor Ratio 19,409 50th %-tile Tracking Error
43,648 50th %-tile Tracking Error 28,875 50th %-tile Tracking Error 12,999 50th %-tile Tracking Error 2,005 75th %-tile Information Ratio
2005 75th %-tile Information Ratio 2005 75th %-tile Information Ratio 2005 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund 19,276 2 Qtrs 4
43,096 2 Qtrs 4 28,245   2 Qtrs   3 13,210   2 Qtrs   4 -243 3.94 8
-265 2.91   8 113   3.22   9 -474   2.44 8 377 75   41.67
817 95 33.33 517   97   33.33 263   26   41.67 19,409 3.68 -1.87
43,648 4.34   -1.17 28,875 5.6   -3.62 12,999 2.31 -2.27 35,795 80   6.85
12/31/1997 53 8.62 12/31/1997 63 14.93 12/31/1997 31 2.97 Incept 8.66 8.72
Incept 7.23 9.79 Incept 10.31 18.55 Incept 4.07 5.24 15,998 5.98 2.65
15,998 5.33 5 10,999 7.28 7.33 4,811 2.45 0.09 -6,390 4.8 5.71
13,172 4.42 6.43 10,699 6.08 11.67 1,162 1.97 3.16 9,800 3.94 0.83
14,478 3.8 0.86 7,176     5.11 0.97 7,027     1.54 0.95 19,409  19,409,000 2.34 -0.53
43,648  43,648,000 2.9 -0.04 28,875   28,875,000 3.54 -0.53 12,999   12,999,000 1.11 0.16 Investment Policy     3 Qtrs 0.87
Investment Policy 3 Qtrs 0.96 Investment Policy 3 Qtrs 0.98 Investment Policy 3 Qtrs 0.99 Index 1.99 1.17
Index 1.91 1.37 Index 1.84 1.28 Index 2.09 0.74 S&P 500 61 8.02
S&P 500 84 10.26 S&P 500 87 15.39 Lehman Aggregate Bond 19 2.47 Lehman Gov/Credit-Intermediate 2.06 2.33
Lehman Aggregate Bond 2.62 1.66 Russell 2000 Value 3.01 1.74 Total 1.83 0.34 Total 59 -1.05
Russell 2000 Value 62 -1.1 Total 71 -0.69 Weight 30 -0.09 Weight 6.5 Policy
Total 6.27 Policy Weight 8.82 Policy 100 3.17 LBAB 55 4.14 3
Weight 4.06 3 83.3 5.63 3 100 1.9 4 45 2.41 9
50 2.91 9 16.7 3.85 9 Trailing Returns through September 30, 2005 1.51 8 100 1.36 58.33
40 2.26 66.67 100 2.71 66.67 Fund 1.08 58.33 Trailing Returns through September 30, 2005 -0.21 -1.56
10 0.96 -1.85 Trailing Returns through September 30, 2005 0.33 -3.99 LBAB 0.57 -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 8.74 0.0874 11.15
Trailing Returns through September 30, 2005 1 Yr FUND 9 0.09 12.39 Policy 1 Yr FUND 12.84 0.1284 20.07 1 Yr 1 Yr FUND 2.95 0.0295 5.64 Diff UNIVERSE 45   3.56
Fund UNIVERSE 66 4.88 Diff UNIVERSE 73 7.25 2.95 UNIVERSE 36 0.33 1 Yr POLICY 7.39 0.0739 6.43
Policy POLICY 9.06 0.0906 7.35 1 Yr POLICY 13.21 0.1321 11.93 2.8 POLICY 2.8 0.028 3.31 8.74 68   1
Diff 64 1 12.84 69 1 0.15 40 1 7.39 15.35 0
1 Yr 15.57 0 13.21 21.82 0 2 Yr 7.26 0 1.35 10.82 1
9 11.29 1 -0.37 16.58 1 3.16 3.57 1 2 Yr 8.38 1.42
9.06 9.66 1.45 2 Yr 14.31 1.35 3.24 2.54 0.72 6.13 6.96 9.11
-0.06 8.63 10.64 12.69 12.62 16.13 -0.08 1.72 2.38 8.1 5.01 0
2 Yr 7.02 0 14.33 9.37 0 3 Yr 0.86 0 -1.97 2 Yr Diff
8.47 2 Yr Diff -1.64 2 Yr Diff 1/3/1900 2 Yr Diff 3 Yr 6.13 1
9.89 8.47   1 3 Yr 12.69     0 3.97 3.16   0 8.25 73   -1
-1.42 83 -1 16.52 78   0 -0.03 40 0 10.7 8.1 -16.66
3 Yr 9.89   -33.34 17.72 14.33     -33.34 4 Yr 3.24   -16.66 -2.45 35   -0.31
10.41 52 0.68 ################################## 53 0.37 1/5/1900 39 0.17 4 Yr 12.28 -2.74
12.23 14.1 -1.92 4 Yr 19.72 -1.15 5.23 9.5 -0.23 4.6 8.75 -2.43
-1.82 11.73 -2.6 6.12 16.29 -1.52 0.05 4.16 -0.4 1/6/1900 7.23 -0.91
4 Yr 9.96 0.12 7.02 14.48 0.08 5 Yr 2.8 -0.24 -1.6 5.97 -0.72
5.68 8.92 -0.92 -0.9 13.06 -0.26 6.87 1.79 -0.15 5 Yr 4.64 -0.17
6.56 7.13 -0.14 5 Yr 9.69 -0.03 1/6/1900 0.93 -0.05 0.8 3 Yr -0.53
-0.88 3 Yr -0.04 -1.26 3 Yr -0.53 0.05 3 Yr 0.16 3.16 3 YR FUND 8.25 0.0825 -0.13
5 Yr 3 YR FUND 10.41 0.1041 -0.04 -0.82 3 YR FUND 16.52 0.1652 -0.02 6 Yr 3 YR FUND 3.94 0.0394 -0.01 -2.36 UNIVERSE 82   -0.25
2.34 UNIVERSE 85 -0.08 -0.44 UNIVERSE 70 -0.07 1/6/1900 UNIVERSE 41 0.02 6 Yr POLICY 10.7 0.107 -1.09
2.45 POLICY 12.23 0.1223 -0.38 6 Yr POLICY 17.72 0.1772 -0.74 1/6/1900 POLICY 3.97 0.0397 0.09 3.41 30   2.33
-0.11 48 1.66 1/0/1900 48 1.74 0.02 40 0.34 1/4/1900 13.22 5 Yr 5 Yr
6 Yr 17.08 5 Yr 5 Yr 1.1 22.33 5 Yr 5 Yr 7 Yr 15.03 5 Yr 5 Yr ################################ 11.17 # of Negative Qtrs
1/3/1900 13.65 # of Negative Qtrs -0.83 19.23 # of Negative Qtrs 1/5/1900 5.37 # of Negative Qtrs 7 Yr 9.68 # of Positive Qtrs
3.63 12.11 # of Positive Qtrs 7 Yr 17.53 # of Positive Qtrs 5.58 3.39 # of Positive Qtrs 5.62 8.5 Batting Average
-0.11 11.02 Batting Average 1/2/1900 15.88 Batting Average 0.07 2.3 Batting Average 1/4/1900 7.24 Worst Qtr
7 Yr 9.67 Worst Qtr 4.55 13.39 Worst Qtr 8 Yr 9 Yr 10 Yr 1.4 Worst Qtr 0.96 4 Yr Best Qtr
1/4/1900 4 Yr Best Qtr ################################## 4 Yr Best Qtr 12/31/1997 4 Yr Best Qtr 8 Yr 9 Yr 10 Yr 4.6 Range
5.25 5.68 Range 8 Yr 9 Yr 10 Yr 6.12 Range Incept 5.28 Range 12/31/1997 62 Worst 4 Qtrs
-0.39 67 Worst 4 Qtrs 12/31/1997 77 Worst 4 Qtrs 6.36 30 Worst 4 Qtrs Incept 6.2 Standard Deviation
8 Yr 9 Yr 10 Yr 6.56 Standard Deviation Incept 7.02 Standard Deviation 6.23 5.23 Standard Deviation 1/6/1900 30 Beta
12/31/1997 49 Beta 3.86 62 Beta 0.13 30 Beta 5.33 8.98 Annualized Alpha
Incept 10.18 Annualized Alpha 4.88 12.85 Annualized Alpha Calendar Year Returns 10.85 Annualized Alpha 1/1/1900 6.54 R-Squared
5.63 7.81 R-Squared -1.02 9.25 R-Squared Fund 5.62 R-Squared Calendar Year Returns 4.99 Sharpe Ratio
5.75 6.46 Sharpe Ratio Calendar Year Returns 7.56 Sharpe Ratio LBAB 4.29 Sharpe Ratio Fund 4.07 Treynor Ratio
-0.12 5.4 Treynor Ratio Fund 6.31 Treynor Ratio Diff 3.23 Treynor Ratio Policy 2.66 Tracking Error
Calendar Year Returns 4.2 Tracking Error Policy 4.22 Tracking Error 9/30/2005 2.02 Tracking Error Diff 5 Yr Information Ratio
Fund 5 Yr Information Ratio Diff 5 Yr Information Ratio Qtr 5 Yr Information Ratio 9/30/2005 5 YR FUND 0.8 0.008 Fund
Policy 5 YR FUND 2.34 0.0234 Fund 9/30/2005 5 YR FUND -1.26 -0.0126 Fund -0.41 5 YR FUND 6.87 0.0687 Fund Qtr UNIVERSE 40   9
Diff UNIVERSE 37 9 Qtr UNIVERSE 65 8 -0.68 UNIVERSE 19 5 2.04 POLICY 3.16 0.0316 11
9/30/2005 POLICY 2.45 0.0245 11 1.9 POLICY -0.82 -0.0082 12 0.27 POLICY 6.82 0.0682 15 1/1/1900 11   Batting Average 40
Qtr 35 Batting Average 55 1/3/1900 55 Batting Average 35 2005 19 Batting Average 45 0.28 4.05 -7.29
1.17 5.36 -7.44 -1.62 5.46 -17.97 YTD 8.61 -2.27 2005 1.83 6.85
1.86 3.07 8.62 2005 1.49 14.93 1/2/1900 6.53 5.39 YTD 0.14 14.14
-0.69 1.95 16.06 YTD -0.59 32.9 1.83 5.6 7.66 1.99 -1 -13.1
2005 0.88 -9.99 1.84 -1.94 -26 0.26 4.6 0.09 2.06 -2.85 Standard Deviation 8.36
YTD -0.83 Standard Deviation 8.67 3.01 -4.81 Standard Deviation 17.94   6/26/1905 3.13 Standard Deviation 4.08 -0.07 6 Yr Beta 0.96
1.91 6 Yr Beta 0.85 ################################## 6 Yr Beta 0.99   4.09 6 Yr Beta 0.95   2004 3.41 Annualized Alpha -2.17 -0.0217
2.62 3.52 Annualized Alpha 0.2 0.002 2004 0.27 Annualized Alpha -0.45 -0.0045 4.34 6.82 Annualized Alpha 0.4 0.004 5.27 35 R-Squared 0.91  
-0.71 50 R-Squared 0.98 11.14 77 R-Squared 0.99 -0.25 16 R-Squared 0.99 1/7/1900 4.31 -0.19
2004 3.63 0 1/12/1900 1.1 -0.2 2003 6.8 1.11 -2.1 22 -1.61
8.25 47 -0.01 ################################## 60 -3.65 1/4/1900 17 4.76 2003 6.6 2.55
9.14 7.12 1.92 2003 6.99 1.64 4.11 8.12 0.42 13.64 4.02 -0.93
-0.89 4.74 -0.06 29.32 3.29 -0.27 0.02 6.39 0.12 1/17/1900 2.66 Policy Policy
2003 3.47 Policy Policy 30.42 1.66 Policy Policy 2002 5.66 Policy LBAB -4.01 1.65 9
16.85 2.54 8 -1.1 0.31 8 10.98 4.63 6 2002 -0.16 11
19.45 1.24 12 2002 -1.94 12 1/10/1900 3.36 14 -6.4 7 Yr 60
-2.6 7 Yr 45 -21.11 7 Yr 65 0.03 7 Yr 55 -6.27 5.62 -6.08
2002 4.86 -9.11 -21 2.99 -17.68 2001 5.65 -2.44 -0.13 22 9.59
-7.7 66 10.54 -0.11 87 16.08 8.79 19 5.88 2001 4.66 15.67
-9.09 5.25 19.65 2001 4.55 33.76 8.43 5.58 8.32 -4.46 36 -8.19
1.39 54 -12.48 -12.36 64 -26.85 0.36 21 0.33 -1.65 7.79 Standard Deviation 8.26
2001 8.77 Standard Deviation 10.15 -13.47 10.36 Standard Deviation 18.05 2000 6.72 Standard Deviation 4.3 -2.81 5.33 1
-3.37 6.38 1 1.11 6.87 1 11.24 5.41 1 2000 3.69 0
-4.78 5.35 0 2000 5.17 0 11.95 4.78 0 1.47 2.85 1
1.41 4.53 1 -6.79 3.93 1 -0.71 4.2 1 1.22 1.31 0.1
2000 3.28 0.01 -9.85 2.08 -0.18 1999 3.35 1.04 0.25 8 Yr 0.81
0.7 8 Yr 0.1 3.06 8 Yr -3.17 -1.19 8 Yr 4.47 1999 6.99 0
-1.52 7.25 0 6/21/1905 8.71 0 ################################## 6.93 0 15.52 5.01 Diff
2.22 5.79 Diff 8.77