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% Brd. LC Growth Conservative Eq., 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 net of fees. Incept is December 31, 1997 to September 30, 2006 Batting Average
Returns are net of fees. Incept is December 31, 1997 to September 30, 2006 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2006 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2006 Batting Average Account Reconciliation Trailing Returns through September 30, 2006 Worst Qtr
Account Reconciliation Trailing Returns through September 30, 2006 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2006 Worst Qtr Account Reconciliation Trailing Returns through September 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 9/30/2006 Return Beta
9/30/2006 Return Beta 9/30/2006 Return Beta 9/30/2006 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 20,419 Universe R-Squared
45,674 Universe R-Squared 29,242 Universe R-Squared 14,954 Universe R-Squared 324 5th %-tile Sharpe Ratio
648 5th %-tile Sharpe Ratio -1,225 5th %-tile Sharpe Ratio 1,409 5th %-tile Sharpe Ratio 520 25th %-tile Treynor Ratio
1,442 25th %-tile Treynor Ratio 955 25th %-tile Treynor Ratio 530 25th %-tile Treynor Ratio 21,262 50th %-tile Tracking Error
47,765 50th %-tile Tracking Error 28,972 50th %-tile Tracking Error 16,893 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   5 1,106 0.14 8
1,218 1.38   8 -2,432   0.86   9 3,350   3.33 7 748 72   25
2,899 72 25 2,529   68   25 544   34   33.33 21,262 3.83 -2.32
47,765 3.55   -1.7 28,972 3.41   -3.08 16,893 3.72 -2.27 35,795 7   6.49
12/31/1997 15 6.82 12/31/1997 16 12.2 12/31/1997 14 3.42 Incept 4.62 8.81
Incept 4.22 8.52 Incept 5 15.28 Incept 4.15 5.69 15,998 2.81 2.13
15,998 3.05 3.58 10,999 3.04 4.95 4,811 3.45 -0.36 -5,094 1.32 5.19
14,798 2.33 5.15 8,268 1.96 8.37 4,511 3.11 2.91 10,358 -0.23 1.1
16,968 1.16 0.96 9,705     0.16 0.97 7,571     2.73 0.9 21,262  21,262,000 -2.69 -3.42
47,765  47,765,000 -0.91 -1.33 28,972   28,972,000 -2.89 -1.31 16,893   16,893,000 1.92 0.22 Investment Policy     3 Qtrs 0.84
Investment Policy 3 Qtrs 0.9 Investment Policy 3 Qtrs 0.92 Investment Policy 3 Qtrs 0.99 Index 1.63 0.45
Index 4.42 0.94 Index 5.79 1.05 Index 2.88 0.21 S&P 500 77 2.12
S&P 500 76 5.02 S&P 500 72 9.08 Lehman Aggregate Bond 67 0.68 Lehman Gov/Credit-Intermediate 6.04 2.13
Lehman Aggregate Bond 6.83 1.67 Russell 2000 Value 9.34 2.3 Total 3.06 0.39 Total 8 -1.37
Russell 2000 Value 25 -1.13 Total 18 -0.81 Weight 56 -0.31 Weight 7.3 Policy
Total 8.3 Policy Weight 11.18 Policy 100 6.5 LBAB 55 4.96 3
Weight 6.81 3 83.3 8.63 3 100 3.95 5 45 3.15 9
50 5.81 9 16.7 7.53 9 Trailing Returns through September 30, 2006 3.16 7 100 1.9 75
40 4.43 75 100 5.42 75 Fund 2.73 66.67 Trailing Returns through September 30, 2006 -2.61 -1.56
10 2.19 -1.64 Trailing Returns through September 30, 2006 1.98 -2.45 LBAB 2.01 -2.44 Fund 1 Yr 6.63
100 1 Yr 7.82 Fund   1 Yr   12.99 Diff   1 Yr   3.81 Policy 1 Yr FUND 3.73 0.0373 8.19
Trailing Returns through September 30, 2006 1 Yr FUND 6.57 0.0657 9.46 Policy 1 Yr FUND 9.02 0.0902 15.44 1 Yr 1 Yr FUND 3.48 0.0348 6.25 Diff UNIVERSE 73   3.48
Fund UNIVERSE 70 4.02 Diff UNIVERSE 62 4.91 3.48 UNIVERSE 63 -0.81 1 Yr POLICY 7.52 0.0752 4.33
Policy POLICY 8.28 0.0828 5.1 1 Yr POLICY 11.36 0.1136 8.28 3.67 POLICY 3.67 0.0367 3.23 3.73 13   1
Diff 24 1 9.02 17 1 -0.19 54 1 7.52 8.09 0
1 Yr 9.71 0 11.36 13.03 0 2 Yr 7.62 0 -3.79 7 1
6.57 8.23 1 -2.34 10.72 1 3.22 4.69 1 2 Yr 5.24 1.21
8.28 7.44 1.31 2 Yr 9.78 1.29 3.23 3.76 0.23 5.94 3.3 5.25
-1.71 6.26 6.7 10.91 7.75 10.68 -0.01 3.21 0.73 7.45 -0.27 0
2 Yr 4.39 0 12.28 5.03 0 3 Yr 2.3 0 -1.51 2 Yr Diff
7.49 2 Yr Diff -1.37 2 Yr Diff 1/3/1900 2 Yr Diff 3 Yr 5.94 1
8.67 7.49   1 3 Yr 10.91     0 3.38 3.22   0 4.98 67   -1
-1.18 83 -1 11.46 73   0 -0.12 57 0 7.9 7.45 -50
3 Yr 8.67   -50 13.33 12.28     -50 4 Yr 3.23   -33.34 -2.92 30   -0.76
7.47 52 -0.06 ################################## 37 -0.63 1/3/1900 56 0.17 4 Yr 8.62 -0.14
9.35 11.33 -1 4 Yr 15.61 -0.79 3.89 7.84 -0.39 6.83 7.61 0.62
-1.88 9.54 -0.94 14.59 12.95 -0.16 -0.07 4.63 -0.56 1/9/1900 6.6 -1.35
4 Yr 8.71 -0.44 16.09 11.87 0.04 5 Yr 3.4 0.45 -3.07 5.55 0.86
9.16 7.87 0.05 -1.5 10.48 0.09 4.91 2.65 -0.32 5 Yr 2.61 0.1
11.23 6.41 -0.04 5 Yr 8.28 -0.03 1/4/1900 1.91 -0.1 4.22 3 Yr -3.42
-2.07 3 Yr -1.33 6.69 3 Yr -1.31 -0.01 3 Yr 0.22 6.47 3 YR FUND 4.98 0.0498 -0.16
5 Yr 3 YR FUND 7.47 0.0747 -0.1 7.88 3 YR FUND 11.46 0.1146 -0.08 6 Yr 3 YR FUND 3.26 0.0326 -0.01 -2.25 UNIVERSE 82   -0.76
5.64 UNIVERSE 88 -0.37 -1.19 UNIVERSE 78 -0.24 1/6/1900 UNIVERSE 59 -0.02 6 Yr POLICY 7.9 0.079 -3.13
6.9 POLICY 9.35 0.0935 -1.68 6 Yr POLICY 13.33 0.1333 -1.6 1/6/1900 POLICY 3.38 0.0338 -0.05 1.11 16   2.13
-1.26 50 1.67 1/0/1900 38 2.3 0.01 55 0.39 1/3/1900 9.1 5 Yr 5 Yr
6 Yr 12.16 5 Yr 5 Yr 1.11 16.17 5 Yr 5 Yr 7 Yr 8.86 5 Yr 5 Yr ################################ 7.35 # of Negative Qtrs
1/2/1900 10.37 # of Negative Qtrs -0.73 14.2 # of Negative Qtrs 1/6/1900 4.93 # of Negative Qtrs 7 Yr 6.46 # of Positive Qtrs
3.4 9.34 # of Positive Qtrs 7 Yr 12.91 # of Positive Qtrs 6.35 3.57 # of Positive Qtrs 3.31 5.44 Batting Average
-0.54 8.47 Batting Average 1/1/1900 11.82 Batting Average -0.02 2.68 Batting Average 1/4/1900 3.79 Worst Qtr
7 Yr 6.71 Worst Qtr 2.51 8.89 Worst Qtr 8 Yr 1.75 Worst Qtr -1.45 4 Yr Best Qtr
1/3/1900 4 Yr Best Qtr ################################## 4 Yr Best Qtr 1/5/1900 4 Yr Best Qtr 8 Yr 6.83 Range
4.28 9.16 Range 8 Yr 14.59 Range 1/5/1900 3.82 Range 1/5/1900 77 Worst 4 Qtrs
-0.48 91 Worst 4 Qtrs 1/3/1900 72 Worst 4 Qtrs 0.04 47 Worst 4 Qtrs 1/5/1900 9.9 Standard Deviation
8 Yr 11.23 Standard Deviation 1/5/1900 16.09 Standard Deviation 9 Yr 10 Yr 3.89 Standard Deviation 1/0/1900 13 Beta
1/4/1900 48 Beta -1.65 37 Beta 12/31/1997 45 Beta 9 Yr 10 Yr 10.53 Annualized Alpha
1/5/1900 15.03 Annualized Alpha 9 Yr 10 Yr 18.37 Annualized Alpha Incept 12.65 Annualized Alpha 12/31/1997 9.21 R-Squared
-0.68 12.22 R-Squared 12/31/1997 16.65 R-Squared 6.03 5.11 R-Squared Incept 8.11 Sharpe Ratio
9 Yr 10 Yr 11.15 Sharpe Ratio Incept 15.49 Sharpe Ratio 5.94 3.71 Sharpe Ratio 1/6/1900 6.89 Treynor Ratio
12/31/1997 10.14 Treynor Ratio 4.44 14.18 Treynor Ratio 0.09 2.87 Treynor Ratio 5.58 5.6 Tracking Error
Incept 8.35 Tracking Error 1/5/1900 11.66 Tracking Error Fiscal Year Returns Ending September 1.87 Tracking Error 1/0/1900 5 Yr Information Ratio
5.62 5 Yr Information Ratio -1.16 5 Yr Information Ratio Fund 5 Yr Information Ratio Fiscal Year Returns Ending September 5 YR FUND 4.22 0.0422 Fund
1/6/1900 5 YR FUND 5.64 0.0564 Fund Fiscal Year Returns Ending September 5 YR FUND 6.69 0.0669 Fund LBAB 5 YR FUND 4.91 0.0491 Fund Fund UNIVERSE 69   7
-0.42 UNIVERSE 78 7 Fund UNIVERSE 75 6 Diff UNIVERSE 35 7 Policy POLICY 6.47 0.0647 13
Fiscal Year Returns Ending September POLICY 6.9 0.069 13 Policy POLICY 7.88 0.0788 14 9/30/2006 POLICY 4.92 0.0492 13 Diff 10   Batting Average 35
Fund 41 Batting Average 35 Diff 48 Batting Average 30 Qtr 35 Batting Average 45 9/30/2006 6.79 -5.61
Policy 9.14 -7.44 9/30/2006 11.23 -17.97 3.42 9.77 -2.27 Qtr 5.74 6.85
Diff 7.63 8.62 Qtr 9.09 14.93 1/3/1900 5.38 5.39 2.52 4.98 12.46
9/30/2006 6.52 16.06 3.4 7.77 32.9 -0.39 4.44 7.66 4.55 3.87 -7.44
Qtr 5.77 -9.47 5.14 6.66 -25.12 2006 3.72 -0.36 -2.03 2.8 Standard Deviation 6.7
3.13 4.32 Standard Deviation 7.6 -1.74 3.74 Standard Deviation 15.21   YTD 2.48 Standard Deviation 3.73 2006 6 Yr Beta 0.87
4.61 6 Yr Beta 0.85 6/28/1905 6 Yr Beta 0.99   3.48 6 Yr Beta 0.93   YTD 1.11 Annualized Alpha -1.34 -0.0134
-1.48 2.86 Annualized Alpha -0.22 -0.0022 YTD 0.38 Annualized Alpha -1.02 -0.0102 3.67 6.3 Annualized Alpha 0.31 0.0031 3.73 56 R-Squared 0.91  
2006.00 52 R-Squared 0.97 9.02 64 R-Squared 0.99 -0.19 19 R-Squared 0.99 1/7/1900 3.87 0.3
YTD 3.4 0.45 1/11/1900 1.11 0.29 2005 6.29 0.72 -3.79 10 2.3
6.57 41 4.02 ################################## 50 4.52 1/2/1900 19 2.89 2005 4.26 2.22
8.28 6.87 1.84 2005 7.25 1.82 2.8 7.75 0.44 8.2 2.64 -1.01
-1.71 4.66 -0.68 12.84 3.02 -0.65 0.15 5.96 -0.02 1/7/1900 1.32 Policy Policy
2005 2.94 Policy Policy 13.21 1.11 Policy Policy 2004 5.29 Policy LBAB 0.81 -0.07 7
8.42 1.51 6 -0.37 -0.56 6 3.36 4.62 8 2004 -2.12 13
9.06 -0.88 14 2004 -5.04 14 1/3/1900 3.34 12 3.06 7 Yr 65
-0.64 7 Yr 65 12.55 7 Yr 70 -0.32 7 Yr 55 8.81 3.31 -6.08
2004 3.8 -9.11 15.46 1.48 -17.68 2003 6.33 -2.44 -5.75 36 9.59
7.44 51 10.54 -2.91 76 16.08 5.52 15 5.88 2003 4.76 15.67
10.73 4.28 19.65 2003 2.51 33.76 5.44 6.35 8.32 12.61 7 -6.91
-3.29 39 -11.04 24.55 49 -24.41 0.08 15 -0.81 16.1 4.81 Standard Deviation 7.36
2003 7.16 Standard Deviation 8.84 24.8 7.18 Standard Deviation 15.28 2002 7.5 Standard Deviation 3.97 -3.49 3.65 1
14.37 5.13 1 -0.25 4.36 1 9.39 5.86 1 2002 2.85 0
17.04 3.85 0 2002 2.48 0 9.11 5.28 0 -5.61 2.05 1
-2.67 2.89 1 -19.84 1.49 1 0.28 4.69 1 -6.21 0.76 0.58
2002 1.45 0.53 -19.57 -1.33 0.37 2001 3.51 0.68 0.6 8 Yr 4.25
-7.32 8 Yr 4.68 -0.27 8 Yr 5.66 13.48 8 Yr 2.7 2001 5.25 0
-8.77 4.94 0 6/23/1905 3.72 0 1/13/1900 5.38 0 -13.1 6 Diff
1.45 63 Diff -26 82 Diff 0.07 17 Diff -8.19 5.01 0
6/23/1905 5.62 1 -26.85 5.37 0 2000 5.34 -1 ################################ 10 0
-9.99 39   -1 0.85 49   0 6.57 18   1 2000 5.33   -30
-12.48 7.7 -30 2000 9.35 -40 6.72 6.89 -10 17.54 4.37 0.47
2.49 6.15   1.67 8.31 6.62   -0.29 -0.15 4.96   0.17 10.29 3.55   -2.74
2000 5.28 -1.92 11.3 5.28 -1.15 1999 4.43 -0.49 7.25 2.94 -3.21
9.62 4.58 -3.59 -2.99 4.16 -0.86 ################################## 3.98 -0.66 1999 2 -0.53
9.76 3.17 1.57 1999 2.37 -0.71 -1.48 3.25 0.45 19.87 Fiscal Year Returns Ending September -0.66
-0.14 Fiscal Year Returns Ending September -1.24 1/20/1900 Fiscal Year Returns Ending September -0.07 0.38 Fiscal Year Returns Ending September -0.24 1/6/1900 Fund -0.13
1999 Fund -0.15 27.81 Fund -0.01 1998 1997 Fund -0.07 13.1 Return -1.34
1/13/1900 Return   -0.22 -6.91 Return   -1.02 Returns in Up Markets Return   0.31 1998 1997 %-tile   -0.09
15.47 %-tile -0.03 1998 1997 %-tile -0.01 Fund %-tile -0.01 Returns in Up Markets Policy -0.28
-2.23 Policy   -0.08 Returns in Up Markets Policy   -0.08 LBAB LBAB   0.04 Fund Return   -1.95
1998 1997 Return -0.66 Fund Return -1.14 Ratio Return 0.19 Policy %-tile 2.22
Returns in Up Markets %-tile 1.84 Policy QU. FUND %-tile 1.82 3 Yr %-tile 0.44 Ratio Universe   8 Yr
Fund Universe 8 Yr Ratio UNIVERSE Universe 8 Yr 7.8 Universe 8 Yr 3 Yr 5th %-tile # of Negative Qtrs
Policy 5th %-tile # of Negative Qtrs 3 Yr POLICY 5th %-tile # of Negative Qtrs 8.5 5th %-tile # of Negative Qtrs 1/8/1900 25th %-tile   # of Positive Qtrs
Ratio 25th %-tile # of Positive Qtrs 19.2 25th %-tile # of Positive Qtrs 91.9 25th %-tile # of Positive Qtrs 11.9 QU. FUND 50th %-tile Batting Average
3 Yr QU. FUND 50th %-tile Batting Average 1/21/1900 50th %-tile Batting Average 5 Yr QU. FUND 50th %-tile Batting Average 74.9 UNIVERSE 75th %-tile Worst Qtr
11.5 UNIVERSE 75th %-tile Worst Qtr 90.6 75th %-tile Worst Qtr 9.8 UNIVERSE 75th %-tile Worst Qtr 5 Yr POLICY 95th %-tile Best Qtr
1/14/1900 POLICY 95th %-tile Best Qtr 5 Yr 95th %-tile Best Qtr 10.2 POLICY 95th %-tile Best Qtr 1/11/1900 Qtr Range
82.3 Qtr Range 24.3 Qtr Range 96.2 Qtr Range 15.3 2.52 0.0252 Worst 4 Qtrs
5 Yr 3.13 0.0313 Worst 4 Qtrs 1/25/1900 3.4 0.034 Worst 4 Qtrs 8 Yr 3.42 0.0342 Worst 4 Qtrs 76.7 77 Standard Deviation
13.6 68 Standard Deviation 95.2 68 Standard Deviation 9.6 35 Standard Deviation 8 Yr 4.55 0.0455 Beta
1/16/1900 4.61 0.0461 Beta 8 Yr 5.14 0.0514 Beta 9.9 3.81 0.0381 Beta 1/16/1900 16   Annualized Alpha
82.8 8 Annualized Alpha 27.3 10 Annualized Alpha 97 12 Annualized Alpha 14.5 5.06 R-Squared
8 Yr 4.77 R-Squared 29.9 5.5 R-Squared 12/31/1997 4.12 R-Squared 114.3 4.38 Sharpe Ratio
16.1 4.04 Sharpe Ratio 91.3 4.72 Sharpe Ratio Incept 3.54 Sharpe Ratio 12/31/1997 3.43 Treynor Ratio
18.5 3.58 Treynor Ratio 12/31/1997 4.02 Treynor Ratio 10 3.22 Treynor Ratio Incept 2.63 Tracking Error
87.3 2.91 Tracking Error Incept 3.08 Tracking Error 10.2 2.71 Tracking Error 1/16/1900 0.25 Information Ratio
12/31/1997 1.63   Information Ratio 28.5 1.11   Information Ratio 98.2 1.5   Information Ratio 14.2 YTD   Fund
Incept YTD Fund 30.7 YTD Fund Returns in Down Markets YTD Fund 4/27/1900 3.73 12
17.3 6.57   12 93 9.02 12 Fund 3.48   10 Returns in Down Markets 73   20
19.1 70 20 Returns in Down Markets 62 20 LBAB 63 22 Fund 7.52 46.88
90.4 8.28 46.88 Fund 11.36 34.38 Ratio 3.67 46.88 Policy 13   -7.29
Returns in Down Markets 24 -7.44 Policy 17 -17.97 3 Yr 54 -2.27 Ratio 8.09 14.62
Fund 9.71 12.53 Ratio 13.03   19.75 -2.8 7.62 5.39 3 Yr 7   21.91
Policy 8.23 19.97 3 Yr 10.72 37.72 -3.4 4.69 7.66 ################################ 2004 FUND 5.24 0.0524 -13.1
Ratio 2004 FUND 7.44 0.0744 -9.99 -6.7 2004 FUND 9.78 0.0978 -26 82.5 2004 FUND 3.76 0.0376 -1.19 -2.4 UNIVERSE 3.3 9.26
3 Yr UNIVERSE 6.26 8.71 ################################## UNIVERSE 7.75 16.6 5 Yr UNIVERSE 3.21 3.77 185.6 POLICY -0.27 -0.0027 1.12
-2.9 POLICY 4.39 0.0439 0.88 4/30/1900 POLICY 5.03 0.0503 0.94 -2 POLICY 2.3 0.023 0.93 5 Yr 2005   -0.25
############################## 2005 -0.02 -0.0002 5 Yr 2005 -1.3   -2.6 2005 0.39 0.0039 ################################ 8.2 0.79 0.0079
4/18/1900 8.42   0.97 -25.2 12.84 0.97 80 2.95 0.98 ################################ 45   0.21
5 Yr 86 0.19 ################################## 74 0.03 8 Yr 36 0.55 103.3 7.39 1.75
-10.8 9.06 1.88 104.4   13.21   0.46 -2.2 2.8   2.25 8 Yr 59   4.31
############################## 72 2 8 Yr   68 3.24 -2.8 40 0.54 ################################ 11.21 0.06
87.2 13.96 -0.34 -26.3   19.58   -0.51 78.2 7.26   0.07 -9.1 9.44   Policy
8 Yr 11.46 Policy -25.6 16.02 Policy 12/31/1997 3.57 LBAB 123.8 2003 FUND 7.74 0.0774 12
-11.4 2003 FUND 10.03 0.1003 12 102.5 2003 FUND 13.97 0.1397 12 Incept 2003 FUND 2.54 0.0254 11 12/31/1997 UNIVERSE 6.76 20
-12.8 UNIVERSE 8.88 20 12/31/1997 UNIVERSE 12.81 20 -2.2 UNIVERSE 1.72 21 Incept POLICY 4.31 0.0431 53.12
89 POLICY 7.62 0.0762 53.12 Incept POLICY 9.95 0.0995 65.62 -2.8 POLICY 0.86 0.0086 53.12 -11.2 2004   -6.08
12/31/1997 2004 -9.11 -26.5 2004 -17.68 78.2 2004 -2.44 -9.1 3.06 9.59
Incept 7.44   12.55 -26.3 12.55 21.3 3.36 5.88 123.8 100   15.67
-11.6 92 21.66 100.5 79 38.98 45 8.32 8.81 -8.19
-12.9 10.73 -12.48 15.46   -26.85 3.68   -2.05 11   7.35
89.5 53 9.74 45 17.35 38 4.01 11.15 1
15.03 1 20.62   1 12.2   1 7.54   0
12.42 0 16.92 0 4.61 0 2002 FUND 6.17 0.0617 1
2002 FUND 10.84 0.1084 1 2002 FUND 15.23 0.1523 1 2002 FUND 3.13 0.0313 1 UNIVERSE 5 0.23
UNIVERSE 9.51 0.24 UNIVERSE 13.35 0.12 UNIVERSE 1.77 0.51 POLICY 3.9 0.039 1.72
POLICY 6.91 0.0691 2.33 POLICY 8.99 0.0899 2.08 POLICY 0.72 0.0072 2.05 2003   0
2003 0 2003 0 2003 0 12.61 Diff
14.37   Diff 24.55 Diff 5.52 Diff 55   0
80 0 33 0 41 -1 16.1 0
17.04 0 24.8   0 5.44   1 17   -6.24
36 -6.24 31 -31.24 42 -6.24 18.85 -1.21
25.08 1.67 27.99   -0.29 26.81   0.17 14.77   5.03
17.99 -0.02 25.25 -1.55 7.58 -0.49 2001 FUND 12.85 0.1285 6.24
2001 FUND 15.97 0.1597 -1.69 2001 FUND 23.48 0.2348 -1.26 2001 FUND 4.69 0.0469 -0.66 UNIVERSE 11.45 -4.91
UNIVERSE 14.68 2.49 UNIVERSE 21.62 0.85 UNIVERSE 2.87 0.86 POLICY 8.51 0.0851 1.91
POLICY 12.74 0.1274 -1.03 POLICY 18.71 0.1871 -0.75 POLICY 1.6 0.016 -0.24 2002   0.12
2002 -0.12 2002 -0.06 2002 -0.07 -5.61 -0.25
-7.32   -0.02 -19.84 -1.3 9.39 0.39 39   -0.21
35 -0.03 76 -0.03 9 -0.02 -6.21 -0.02
-8.77 -0.05 -19.57   -0.09 9.11   0.04 49   0.03
62 -0.45 72 -1.62 10 0.2 -2.88 4.31
-4.32 2 -11.73   3.24 10.2   0.54 -4.7   Incept
-6.73 Incept -15.81 Incept 7.74 Incept 2000 FUND -6.26 -0.0626 # of Negative Qtrs
2000 FUND -8.23 -0.0823 # of Negative Qtrs 2000 FUND -18.12 -0.1812 # of Negative Qtrs 2000 FUND 6.13 0.0613 # of Negative Qtrs UNIVERSE -8.16 # of Positive Qtrs
UNIVERSE -9.64 # of Positive Qtrs UNIVERSE -19.84 # of Positive Qtrs UNIVERSE 4.06 # of Positive Qtrs POLICY -11.82 -0.1182 Batting Average
POLICY -13.18 -0.1318 Batting Average POLICY -21.65 -0.2165 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 52 Range
34 Range 43 Range 9 Range -8.19 Worst 4 Qtrs
-12.48 Worst 4 Qtrs -26.85 Worst 4 Qtrs 13.41 Worst 4 Qtrs 19 Standard Deviation
51 Standard Deviation 49 Standard Deviation 10 Standard Deviation -3.04 Beta
0.98 Beta -4.38 Beta 13.98 Beta -8.76 Annualized Alpha
-7.11 Annualized Alpha -19.95 Annualized Alpha 12.52 Annualized Alpha -12.83 R-Squared
-12.37 R-Squared -27.02 R-Squared 11.24 R-Squared -18.13 Sharpe Ratio
-17.28 Sharpe Ratio -30.57 Sharpe Ratio 9.07 Sharpe Ratio -25.56 Treynor Ratio
-23.08 Treynor Ratio -41.66 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 27 Fund
56 Fund 81 Fund 24 Fund 10.29 13
9.76 13 11.3 13 6.72 10 73 22
55 22 59 22 20 25 44.38 48.57
24.81 51.43 32.29 40 7.97 48.57 17.77 -7.29
14.69 -7.44 17.17 -17.97 6.53 -2.27 12.72 14.62
10.27 12.53 12.12 19.75 5.96 5.39 9.79 21.91
7.76 19.97 9.6 37.72 5.16 7.66 5.18 -13.1
2.88 -9.99 0.88   -26 -0.46 -1.19 1999 9.52
1999 9.01 1999 16.78 1999 3.86 19.87 1.17
13.24 0.9 20.9   0.94 -1.1 0.95 3 -0.11
76 0.16 77 -0.82 68 0.37 6.77 0.78
15.47 0.96 27.81 0.97 -1.48 0.98 85 0.3
60 0.24 41 0.06 72 0.67 17.45 2.44
25.59 2.41 41.5   1.05 7.11 2.72 11.38 4.63
19.27 1.97 31.24 3.21 2.41 0.55 9.19 0.16
16.34 -0.21 27.48   -0.36 0.41 0.16 7.32 Policy
13.5 Policy 21.92 Policy -1.8 LBAB 5.35 12
6.41 13 11.5 13 -4.55 11 1998 23
1998 22 1998 22 1998 24 10.92 51.43
11.46 48.57 14.63 60 15.8 51.43 8.43 -6.08
8.47 -9.11 8.83 -17.68 10.74 -2.44 6.96 9.59
5.67 12.55 4.61 21.3 8.67 5.88 4.34 15.67
2.29 21.66 -0.77 38.98 6.54 8.32 -1.54 -8.19
-2.54 -12.48 -6.89 -26.85 -3.43 -2.05 7.17
9.84 17.55 4.03 1
1 1 1 0
0 0 0 1
1 1 1 0.3
0.26 0.12 0.62 2.13
2.59 2.15 2.49 0
0 0 0 Diff
Diff Diff Diff 1
0 0 -1 -1
0 0 1 -2.86
2.86 -20 -2.86 -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 2.35
-0.83 -0.77 -0.17 0.17
-0.1 -0.06 -0.05 -0.11
0.16 -0.82 0.37 -0.22
-0.04 -0.03 -0.02 0
-0.02 -0.06 0.05 0.31
-0.18 -1.1 0.23 4.63
1.97 3.21 0.55 5.08