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 % Sunrise Police Sunrise Police Sunrise Police Sunrise Police % Sunrise Police Sunrise Police % Sunrise Police Sunrise Police Sunrise Police Sunrise Police
Domestic Equity Domestic Equity Domestic Equity 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 Risk Measures Executive Summary Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures
30 Broad Large Cap Core Equity 32 37 Broad Large Cap Growth Core Equity 41 51 Broad Large Cap Value Core Equity 55 58 Broad Small Cap Value Core 62
Inception date is December 31, 1997 31 3 Yr 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
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 March 31, 2004 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, 2002 to September 30, 2005 Batting Average Returns are gross of fees. Incept is March 31, 2004 to September 30, 2005 Batting Average
Account Reconciliation Trailing Returns through March 31, 2004 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 S&P500 Standard Deviation Ending Value S&P500 Standard Deviation Ending Value S&P500 Standard Deviation Ending Value R2000V Standard Deviation
3/31/2004 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
19,769 Universe R-Squared 11,758 Universe R-Squared 13,770 Universe R-Squared 3,628 Universe R-Squared
4,333 5th %-tile Sharpe Ratio -148 5th %-tile Sharpe Ratio -19 5th %-tile Sharpe Ratio -10 5th %-tile Sharpe Ratio
390 25th %-tile Treynor Ratio 397 25th %-tile Treynor Ratio 51 25th %-tile Treynor Ratio 103 25th %-tile Treynor Ratio
24,492 50th %-tile Tracking Error 12,007 50th %-tile Tracking Error 13,801 50th %-tile Tracking Error 3,721 50th %-tile Tracking Error
2004 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
19,769   2 Qtrs   4 11,913 2 Qtrs 4 13,433   2 Qtrs   0 3,724 2 Qtrs 1
4,333   14.53 8 -130 4.85 8 86   1.58 4 -29 3.7 0.037 3
390   33   58.33 224 83 33.33 283   97   25 26 95 Batting Average 50
24,492 14.08 -17.77 12,007 5.02 -4.9 13,801 5.02 0.37 3,721 8.33 0.0833 -2.87
12/31/1997 40 14.61 12/31/1997 82 11.55 12/31/2002 48 9.02 3/31/2004 56 13.24
Incept 19.01 32.38 Incept 14.35 16.45 Incept 11.15 8.65 Incept 12.51 16.11
  10,999 15.19 -25.33 10,999 9.81 3.79   6,658 6.42 11.29 2,986 9.51 14.06
8,274 13.84 20.64 -4,946 7.19 10.45 3,113 4.89 7.21 122 8.6 Standard Deviation 15.84
5,218     12.4 0.99 5,953     5.77 0.88 4,031     3.92 0.81   613 6.66 Beta 1.03  
24,492  24,492,000 9.7 0.67 12,007  12,007,000 3.14 -2.07 13,801  13,801,000 1.92 1.35 0.0135 3,721   3,721,000 3.46 Annualized Alpha -3.54 -0.0354
Investment Policy 3 Qtrs 1 Investment Policy 3 Qtrs 0.91 Investment Policy 3 Qtrs 0.77 Investment Policy 3 Qtrs R-Squared 0.88
Index 18.62 -0.03 Index 1.9 1.02 Index 2.08 1.22 Index 0.72 0.0072 0.73
S&P 500 24 -0.6 S&P 500 68 12.17 S&P 500 80 10.83 Russell 2000 Value 93 11.2
Total 17.09 1.29 Total 2.77 3.4 Total 2.77 3.75 Total 4.02 0.0402 5.59
Weight 40 0.52 Weight 56 -1.3 Weight 59 -0.26 Weight 78 -0.66
100 24.7 S&P500 100 10.68 S&P500 100 11.13 S&P500 100 11.33 Policy R2000V
100 18.47 4 100 6.47 3 100 5.62 1 100 8.48 1
Trailing Returns through March 31, 2004 16.8 8 Trailing Returns through September 30, 2005 3.21 9 Trailing Returns through September 30, 2005 3.4 3 Trailing Returns through September 30, 2005 6.73 3
Fund 15.49 41.67 Fund 1.32 66.67 Fund 2.29 75 Fund 4.28 50
S&P500 11.19 -17.28 S&P500 -1.45 -3.15 S&P500 -0.55 -2.15 R2000V -0.89 -3.98
Diff   1 Yr   15.39 Diff   1 Yr   15.39 Diff   1 Yr   9.23 Diff 1 Yr 13.21
1 Yr 1 Yr FUND 35.96 0.3596 32.67 1 Yr 1 Yr FUND 12.97 0.1297 18.54 1 Yr 1 Yr FUND 11.29 0.1129 11.38 1 Yr 14.06 0.1406 17.19
35.96 UNIVERSE 34 -24.76 1/12/1900 UNIVERSE 57 6.32 1/11/1900 UNIVERSE 73 12.25 1/14/1900 88 17.75
35.12 POLICY 35.12 0.3512 20.91 12.25 POLICY 12.25 0.1225 11.35 12.25 POLICY 12.25 0.1225 7.81 17.75 17.75 0.1775 14.34
0.84 39 1 0.72 64 1 -0.96 57 1 -3.69 71 1
2 Yr 46.22 0 2 Yr 25.77 0 2 Yr 24.1 0 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 24.63 0
0.76 37.64 1 1/8/1900 18.07 1 1/14/1900 16.12 1 3/31/2004 21.81 1
0.83 34.56 -0.06 13.06 13.56 1.33 13.06 12.74 1.25 Incept 20.3 1.06
-0.07 31.35 -1.26 -4.44 11.02 15.13 1.22 11.06 9.73 12.68 16.98 15.23
3 Yr 25.07 0 3 Yr 7.76 0 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 7.98 0 12.25 11.37 0
1/1/1900 2 Yr Diff 12.3 2 Yr Diff 12/31/2002 2 Yr Diff 0.43 2 Yr Diff
   0.63 0.76   0   1/16/1900 8.62   1    Incept 2 Yr FUND 14.28 0.1428 -1   Calendar Year Returns 28.4 0
   1/0/1900 43 0   ################################## 80 -1    16.88 UNIVERSE 44 1   Fund 22.44 0
  4 Yr 0.83   16.66   4 Yr 13.06   -33.34   14.93 POLICY 13.06 0.1306 -50   R2000V 20.38 0
-4.76 41 -0.49 3.91 33 -1.75 1.95 57 2.52 Diff 18.73 1.11
-5.48 6.66 -0.78 1/6/1900 19.44 -3.84 Calendar Year Returns 22.11 -0.21 9/30/2005 13.09 0.03
1/0/1900 2.3 -0.29 -2.13 14.04 -2.09 Fund 16.31 -2.73 Qtr 3 Yr -1.08
5 Yr 0.54 -0.57 5 Yr 11.15 -2.53 S&P500 13.54 -0.96 2.83 29.38 -3.69
-1.83 -0.89 -0.27 -4.86 8.89 -0.9 Diff 12.3 -0.6 3.09 24.33 1.5
################################# -3.75 -0.01 -1.49 6.38 -0.12 9/30/2005 8.28 -0.19 -0.26 23.27 0.03
-0.63 3 Yr 0.67 -3.37 3 Yr -2.07 Qtr 3 Yr 1.35 2005 21.51 -3.54
6 Yr 3 YR FUND 1.3 0.013 0 6 Yr 3 YR FUND 12.3 0.123 -0.09 1/0/1900   22.64   -0.23 YTD 15.17 -0.12
1/1/1900 UNIVERSE 31 0.03 ################################## UNIVERSE 82 -0.31 1/3/1900   17.95 -0.03 1/0/1900 4 Yr -0.33
1.83 POLICY 0.63 0.0063 0.66 0.83 POLICY 16.72 0.1672 -2.96 -3.24   16.42   1.1 4.02 22.31 -4.03
-0.67 41 1.29 -1.05 27 3.4 2005   15.16 3.75 -3.3 17.39 5.59
7 Yr 8 Yr 9 Yr 10 Yr 6.89 5 Yr 5 Yr 7 Yr 20.69 5 Yr 5 Yr YTD 12.47 2 Yr 2004 2003 2002 2001 2000 1999 1998 1997 1996 15.95 Incept
12/31/1997 1.67 # of Negative Qtrs 1/3/1900 16.99 # of Negative Qtrs 1/2/1900 4 Yr # of Negative Qtrs Returns in Up Markets 14 # of Negative Qtrs
Incept 0.35 # of Positive Qtrs 4.31 14.47 # of Positive Qtrs 2.77 14.06 # of Positive Qtrs Fund 9.05 # of Positive Qtrs
3.26 -0.93 Batting Average ################################## 12.85 Batting Average -0.69 8.54 Batting Average R2000V 5 Yr Batting Average
3.91 -3.92 Worst Qtr 8 Yr 9 Yr 10 Yr 10.4 Worst Qtr 2004 6.2 Worst Qtr Ratio 19.56 Worst Qtr
################################# 4 Yr Best Qtr 12/31/1997 4 Yr Best Qtr 1/11/1900 5.33 Best Qtr 1 Yr 14.96 Best Qtr
Calendar Year Returns -4.76 Range Incept 3.91 Range 1/10/1900 2.99 Range 1/17/1900 11.34 Range
Fund 40 Worst 4 Qtrs 1/5/1900 59 Worst 4 Qtrs 0.42 5 Yr Worst 4 Qtrs 22.6 8.75 Worst 4 Qtrs
S&P500 -5.48 Standard Deviation 4.67 6.04 Standard Deviation 2003 11.23 Standard Deviation 77 4.59 Standard Deviation
Diff 49 Beta 1/0/1900 33 Beta 35.16 4.67 Beta 3/31/2004 6 Yr Beta
3/31/2004 3.81 Annualized Alpha Calendar Year Returns 11.63 Annualized Alpha 1/28/1900 1.18 Annualized Alpha Incept 21.09 Annualized Alpha
Qtr -2.09 R-Squared Fund 7.32 R-Squared 6.48 -1.57 R-Squared 18.1 16.16 R-Squared
2.06 -5.61 Sharpe Ratio S&P500 4.37 Sharpe Ratio 2002 2001 2000 1999 1998 1997 1996 -3.08 Sharpe Ratio 18.7 13.28 Sharpe Ratio
1.69 -6.74 Treynor Ratio Diff 2.76 Treynor Ratio Returns in Up Markets 6 Yr Treynor Ratio 97.1 11.63 Treynor Ratio
1/0/1900 -10.38 Tracking Error 9/30/2005 0.89 Tracking Error Fund 11.74 Tracking Error Returns in Down Markets 7.76 Tracking Error
2004 5 Yr Information Ratio Qtr 5 Yr Information Ratio S&P500 5.8 Information Ratio Fund 7 Yr Information Ratio
YTD 5 YR FUND -1.83 -0.0183 Fund 1/3/1900 5 YR FUND -4.86 -0.0486 Fund Fund Ratio 3.19   Fund R2000V 19.87 Fund
2.06 UNIVERSE 69 8 3.61 UNIVERSE 35 9 1 Yr   0.79 2 Ratio 15.26 2
1.69 POLICY -1.2 -0.012   12 -0.21 POLICY -1.49 -0.0149 11 10.7   -0.69   6 1 Yr 13.5 4
1/0/1900 51 Batting Average 55 2005 13 Batting Average 35 1/14/1900   7 Yr 50 -2.9 11.66 50
2003 9.66 -17.77 YTD 1.38 -16.95 73 12.72 -0.95 -4 8.76 -3.21
1/29/1900 1.38 14.61 1.9 -3.61 11.55 2 Yr 7.45 14.95 72.1 8 Yr 13.24
28.68 -1.18 32.38 1/2/1900 -6.14 28.5 19.9 5.55 15.9 3/31/2004 12.9 16.45
0.77 -2.09 -25.89 ################################## -8.43 -33.13 1/21/1900 4.11 7.77 Incept 11.05 7.35
2002 -4.94 Standard Deviation 18.42 2004 -11.46 Standard Deviation 18.24 94.5 2.27 8.25 -2.9 8.94 14.58
-21.99 6 Yr Beta 0.94   6.06 6 Yr Beta 0.98 12/31/2002 8 Yr 0.9   -4 7.52 0.89
-22.1 1.16 Annualized Alpha -0.72 -0.0072 10.88 -0.22 Annualized Alpha -3.35 -0.0335 Incept 9.79 2.43 0.0243 72.1 5.55 1.89 0.0189
1/0/1900 67 R-Squared 0.97 -4.82 39 R-Squared 0.95 1/26/1900 6.4 0.79 Calendar Year Returns 0.75
6/23/1905 1.83 -0.28 2003 0.83 -0.4 1/25/1900 4.97 1.52 Fund 0.73
-11.7 44 -5.48 23.08 33 -7.36 104.6 4.16 13.9 Return 11.94
-11.88 7.64 3.6 28.68 7.12 4.14 Returns in Down Markets 2.49 3.84 %-tile 7.54
1/0/1900 2.97 -0.17 -5.6 1.99 -0.81 Fund Calendar Year Returns 0.32 R2000V 0.06
2000 1.62 Policy S&P500 2002 -1.4 Policy S&P500 S&P500 Fund S&P500 Return R2000V
-5.58 0.67 9 -20.58 -2.96 8 Ratio Return 2 %-tile 1
-9.11 -2.03 11 -22.1 -5.39 12 1 Yr %-tile 6 Universe 5
3.53 7 Yr 45 1.52 7 Yr 65 0.5 S&P500 50 5th %-tile 50
1999 11.91 -17.28 2001 3.6 -17.28 -2.1 Return -2.15 25th %-tile -3.98
8.77 8.12 15.39 -16.13 47 15.39 -22.8 %-tile   12.18 50th %-tile 13.21
1/21/1900 7.04 32.67 -11.88 4.31 32.67 2 Yr Universe 14.33 75th %-tile 17.19
-12.27 5.65 -26.62 -4.25 39 -26.62 -0.5 5th %-tile   6.32 95th %-tile 9.79
1998 2.86 Standard Deviation 19.2 6/22/1905 11.49 Standard Deviation 18.06 -4 25th %-tile 8.2 Qtr 14.21
30.71 8 Yr 1 -6.27 6.13 1 11.6 50th %-tile 1 QU. FUND 2.83 0.0283 1
28.58 11.91 0 -9.11 3.28 0 12/31/2002 75th %-tile 0 UNIVERSE 84 0
2.13 8.87 1 2.84 1.6 1 Incept 95th %-tile 1 POLICY 3.09 0.0309 1
1997 1996 1995 8.22 -0.24 1999 -0.77 -0.21 ################################ Qtr 1.38 82 0.72
Returns in Up Markets 6.8 -4.52 26.62 8 Yr -3.84 -7 QU. FUND 0.37 0.0037 11.29 8.58 10.2
Fund 4.05 0 21.04 8.52 0 62.9 UNIVERSE 99 0 5.67 0
S&P500 Calendar Year Returns Diff 5.58 5.47 Diff POLICY 3.61 0.0361 Diff 4.78 Diff
Ratio Fund -1 1998 3.39 1 49 0 3.56 1
3 Yr Return   1 40.41 2.04   -1 7.47   0 1.37 -1
32.2 %-tile 10 28.58 -0.03 -30 4.7 0 YTD 0
31.2 S&P500   -0.49 11.83 Calendar Year Returns   0.33 3.56   1.2 0.72 0.77
103 Return -0.78