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 (Excluding FI A+ before 1/1/2007) Total Fund DHJ Total (Excluding FI A+ before 1/1/2007) Total Fund DHJ Total (Excluding FI A+ before 1/1/2007)
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
3 20%BLCG20%PLCV10%BSCVC5%BSC5%BLC 20%IFI20%BFI 21 24 33.33BLCG33.33PLCV16.67BSCVC8.33BSC8.33BLC 26 29 50% Intermediate FI, 50% Broad FI 31 83 50% Broad LC Growth Equity, 50% IFI 85
Inception date is December 31, 1997 5 3 Yr Inception date is December 31, 1997 25 3 Yr Inception date is December 31, 1997 30 3 Yr Inception date is December 31, 1997 84 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 December 31, 2009 Batting Average Returns are gross of fees. Incept is December 31, 1997 to December 31, 2009 Batting Average Returns are gross of fees. Incept is December 31, 1997 to December 31, 2009 Batting Average Returns are net of fees. Incept is December 31, 1997 to December 31, 2009 Batting Average
Account Reconciliation Trailing Returns through December 31, 2009 Worst Qtr Account Reconciliation Trailing Returns through December 31, 2009 Worst Qtr Account Reconciliation Trailing Returns through December 31, 2009 Worst Qtr Account Reconciliation Trailing Returns through December 31, 2009 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 Policy Standard Deviation
12/31/2009 Return Beta 12/31/2009 Return Beta 12/31/2009 Return Beta 12/31/2009 Return Beta
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha
52,968 Universe R-Squared 29,148 Universe R-Squared 22,521 Universe R-Squared 24,950 Universe R-Squared
792 5th %-tile Sharpe Ratio 257 5th %-tile Sharpe Ratio 547 5th %-tile Sharpe Ratio -1,229 5th %-tile Sharpe Ratio
2,022 25th %-tile Treynor Ratio 1,809 25th %-tile Treynor Ratio 277 25th %-tile Treynor Ratio 1,080 25th %-tile Treynor Ratio
55,782 50th %-tile Tracking Error 31,214 50th %-tile Tracking Error 23,345 50th %-tile Tracking Error 24,802 50th %-tile Tracking Error
2010 75th %-tile Information Ratio 2010 75th %-tile Information Ratio 2010 75th %-tile Information Ratio 2010 75th %-tile Information Ratio
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund
52,968 1 Yr 6 29,148   1 Yr   5 22,521   1 Yr   3 24,950 1 Yr ####### 5
792 19.24 0.1924 6 257   29.95 0.2995 7 547   10.48 0.1048 9 -1,229 22.68 0.2268 7
2,022 95 66.67 1,809   28   58.33 277   70   83.33 1,080 73 0.73 75
55,782 19.24 0.1924 -12.24 31,214 28.64 0.2864 -25.41 23,345 4.8 0.048 -1.44 24,802 21.45 0.2145 -3.83
12/31/1997 95 10.29 12/31/1997 44 15.68 12/31/1997 97 5.62 12/31/1997 82 8.58
Incept 30.64 22.53 Incept 33.16 41.09 Incept 31.73 7.06 Incept 33.65 12.41
15,998 26.01 -21.46 10,999 30.14 -37.35 4,811 20.26 2.85 15,998 28.6 -7.56
20,892 23.44 11.92 12,629 28.23 20.58 5,982 14.03 4.11 -7,306 25.02 7.04
18,892 21.54 0.9 7,586     26.28 0.96 12,551     9.7 1.01 16,110  16,110,000 22.44 0.79
55,782  55,782,000 19.14 0.21 31,214   31,214,000 23.46 -0.24 23,345   23,345,000 5.7 2.22 24,802     18.8 3.98
Investment Policy 2 Yr 0.97 Investment Policy 2 Yr 0.98 Investment Policy 2 Yr 0.89 Investment Policy 2 Yr ####### 0.95
Index -2.58 -0.0258 -0.2 Index -9.49 -0.0949 -0.37 Index 8.14 0.0814 1.48 Index 6.49 0.81
BCAB A+ 42 -2.62 Russell 1000 Value 39 -7.92 BCAB A+ 5 6.01 Barclays Capital Gov/Credit-Intermediate 1 0.01 7.23
Barclays Capital Gov/Credit-Intermediate -2.96 -0.0296 2.42 Russell 1000 Growth -9.21 -0.0921 3.33 Barclays Capital Gov/Credit-Intermediate 5.18 0.0518 1.36 Russell 1000 Growth 2.27 2.41
Russell 1000 Value 54 0.13 S&P Midcap 400 31 -0.01 Total 37 1.77 Total 36 1.31
Other -0.81 Policy Russell 2000 Value -7.73 Policy Weight 7.93 Policy Weight 4.82 Policy
Weight -1.92 6 Weight -8.94 6 50 5.72 4 50 2.97 5
20 -2.82 6 33.33 -9.88 6 50 4.63 8 50 1.52 7
20 -3.83 33.33 33.33 -10.78 41.67 100 3.31 16.67 100 -0.25 25
20 -5.87 -12.55 16.67 -12.08 -23.37 Trailing Returns through December 31, 2009 -1.63 -1.37 Trailing Returns through December 31, 2009 -4.02 -4.94
40 3 Yr 11.87 16.67   3 Yr 17.84 Fund   3 Yr   4.97 Fund 1 Yr FUND 3 Yr ####### 8.88
Trailing Returns through December 31, 2009 1 Yr FUND -0.14 -0.0014 24.42 Trailing Returns through December 31, 2009 1 Yr FUND -5.38 -0.0538 41.21 Policy 1 Yr FUND 8.29 0.0829 6.34 Policy UNIVERSE 7.93 0.0793 13.82
Fund UNIVERSE 39 -23.25 Fund UNIVERSE 50 -37.98 Diff UNIVERSE 2 2.7 Diff POLICY 1 0.01 -13.89
Policy POLICY -0.46 -0.0046 13.09 Policy POLICY -5.36 -0.0536 21.17 1 Yr POLICY 5.88 0.0588 3.83 1 Yr 4.77 0.0477 8.64
Diff 49 1 Diff 49 1 10.48 24 1 22.68 31 1
1 Yr 1.29 0 1 Yr -3.24 0 4.8 7 0 21.45 6.38 0
19.24 0.26 1 29.95 -4.49 1 5.68 5.79 1 1.23 4.93 1
19.24 -0.47 -0.2 28.64 -5.42 -0.36 2 Yr 4.71 0.96 2 Yr 3.96 0.3
0 -1.29 -2.68 1.31 -6.28 -7.58 8.14 3.45 3.66 6.49 2.68 2.55
2 Yr -2.69 0 2 Yr -7.59 0 5.18 0.05 0 2.27 0.2 0
-2.58 4 Yr Diff -9.49 4 Yr Diff 1/2/1900 4 Yr Diff 4.22 4 Yr ####### Diff
-2.96 1.99 0.0199 0 -9.21 -1.22 -0.0122   -1 3 Yr 7.18 0.0718 -1 3 Yr 6.86   0
0.38 67 0 -0.28 73   1 8.29 6 1 7.93 4 0.04 0
3 Yr 2.49 0.0249 33.34 3 Yr -0.19 -0.0019   16.66 5.88 5.49 0.0549 66.66 4.77 5.29   50
-0.14 44 0.31 ################################## 35 -2.04 1/2/1900 25 -0.07 3.16 31 1.11
-0.46 3.59 -1.58 -5.36 1.28 -2.16 4 Yr 7.46 0.65 4 Yr 6.66 -0.3
0.32 2.92 -1.89 -0.02 0.05 -0.12 7.18 5.46 0.72 1/6/1900 5.49 -1.41
4 Yr 2.35 1.79 4 Yr -0.62 0.63 5.49 4.56 0.15 5.29 4.64 6.33
1.99 1.7 -1.17 -1.22 -1.28 -0.59 1.69 3.51 0.28 1.57 3.71 -1.6
2.49 0.63 -0.1 -0.19 -2.2 -0.04 5 Yr 0.98 0.01 5 Yr 1.04 -0.21
-0.5 5 Yr 0.21 -1.03 5 Yr -0.24 6.26 5 Yr 2.22 6.22 3 YR FUND 5 Yr ####### 3.98
5 Yr 3 YR FUND 2.31 0.0231 -0.03 5 Yr 3 YR FUND -0.01 -0.0001 -0.02 4.87 3 YR FUND 6.26 0.0626 -0.11 4.97 UNIVERSE 6.22 0.0622 -0.05
2.31 UNIVERSE 77 0 -0.01 UNIVERSE 81 -0.01 1/1/1900 UNIVERSE 7 0.52 1.25 POLICY 7 0.07 0.51
2.8 POLICY 2.8 0.028 0.06 1/0/1900 POLICY 0.81 0.0081 -0.34 6 Yr POLICY 4.87 0.0487 2.35 6 Yr 4.97 0.0497 4.68
-0.49 52 2.42 ################################## 47 3.33 5.9 28 1.36 1/5/1900 39 5 Yr 2.41
6 Yr 4.21 5 Yr 5 Yr 6 Yr 2.66 5 Yr 5 Yr 4.78 6.55 5 Yr 5 Yr 1/4/1900 6.37 5 Yr
1/3/1900 3.34 # of Negative Qtrs 1.76 1.45 # of Negative Qtrs 1/1/1900 5 # of Negative Qtrs 1/1/1900 5.47 # of Negative Qtrs
3.83 2.85 # of Positive Qtrs 2.64 0.73 # of Positive Qtrs 7 Yr 4.27 # of Positive Qtrs 7 Yr 4.67 # of Positive Qtrs
-0.64 2.34 Batting Average ################################## 0.18 Batting Average 5.64 3.58 Batting Average 1/7/1900 3.79 Batting Average
7 Yr 1.53 Worst Qtr 7 Yr -0.58 Worst Qtr 4.69 1.68 Worst Qtr 6.74 1.57 Worst Qtr
1/5/1900 6 Yr Best Qtr 1/5/1900 6 Yr Best Qtr 1/0/1900 6 Yr Best Qtr 1/0/1900 6 Yr ####### Best Qtr
5.93 3.19 0.0319 Range 6.21 1.76 0.0176 Range 8 Yr 5.9 0.059 Range 8 Yr 5.98 Range
-0.91 88 Worst 4 Qtrs ################################## 89 Worst 4 Qtrs 6.3 14 Worst 4 Qtrs 1/5/1900 18 0.18 Worst 4 Qtrs
8 Yr 3.83 0.0383 Standard Deviation 8 Yr 2.64 0.0264 Standard Deviation 5.37 4.78 0.0478 Standard Deviation 1/4/1900 4.96 Standard Deviation
1/3/1900 61 Beta 1.57 52 Beta 1/0/1900 29 Beta 0.71 57 Beta
1/3/1900 5.47 Annualized Alpha 2.36 4.79 Annualized Alpha 9 Yr 7.23 Annualized Alpha 9 Yr 6.91 Annualized Alpha
-0.58 4.53 R-Squared ################################## 3.35 R-Squared 6.57 4.91 R-Squared 4.12 5.72 R-Squared
9 Yr 4.01 Sharpe Ratio 9 Yr 2.66 Sharpe Ratio 5.7 4.17 Sharpe Ratio 1/3/1900 5.14 Sharpe Ratio
1/2/1900 3.54 Treynor Ratio -0.08 2.17 Treynor Ratio 1/0/1900 3.42 Treynor Ratio 0.8 4.43 Treynor Ratio
1/2/1900 2.85 Tracking Error 1/0/1900 1.29 Tracking Error 10 Yr 2.27 Tracking Error 10 Yr 2.76 Tracking Error
-0.35 7 Yr Information Ratio ################################## 7 Yr Information Ratio 1/7/1900 7 Yr Information Ratio 1/3/1900 5 YR FUND 7 Yr ####### Information Ratio
10 Yr 5 YR FUND 5.02 Fund 10 Yr 5 YR FUND 5.31 Fund 1/6/1900 5 YR FUND 5.64 0.0564 Fund 1/2/1900 UNIVERSE 7.02   Fund
1/2/1900 UNIVERSE 95 8 -0.77 UNIVERSE 85 7 0.75 UNIVERSE 23 7 1/1/1900 POLICY 42 0.42 7
1/2/1900 POLICY 5.93 12 ################################## POLICY 6.21 13 12/31/1997 POLICY 4.69 0.0469 13 12/31/1997 6.74   Batting Average 13
-0.08 66 Batting Average 50 ################################## 54 Batting Average 45 Incept 38 Batting Average 65 Incept 56 55
12/31/1997 8.34 -12.24 12/31/1997 8.47 -25.41 6.55 9.86 -1.44 6.75 8.65 -3.83
Incept 6.96 10.29 Incept 7.02 15.68 1/5/1900 5.28 5.62 4.44 7.51 8.58
1/4/1900 6.28 22.53 2.31 6.32 41.09 1/0/1900 4.25 7.06 2.31 6.87 12.41
4.65 5.78 -21.46 3.22 5.65 -37.35 Fiscal Year Returns Ending September 3.48 -0.36 Fiscal Year Returns Ending September 6.17 Standard Deviation -7.56
-0.28 4.99 Standard Deviation 9.74 ################################## 4.89 Standard Deviation 16.7   Fund 2.07 Standard Deviation 3.62 Fund 4.49 Beta 6.28
Fiscal Year Returns Ending September 8 Yr Beta 0.9 Fiscal Year Returns Ending September 8 Yr Beta 0.96   Policy 8 Yr Beta 0.99   Policy 8 Yr Annualized Alpha 0.82
Fund 3.34 Annualized Alpha -0.24 -0.0024 Fund 1.57 Annualized Alpha -0.79 -0.0079 Diff 6.3 Annualized Alpha 1.4 0.014 Diff 5.24 R-Squared 2.04 0.0204
Policy 84 R-Squared 0.96 Policy 89 R-Squared 0.97 12/31/2009 17 R-Squared 0.9 12/31/2009 32 0.92
Diff 3.92 -0.06 Diff 2.36 -0.17 Qtr 5.37 0.93 Qtr 4.53 0.53
12/31/2009 58 -0.63 12/31/2009 62 -3.01 1/1/1900 29 3.41 4.51 59 4.07
Qtr 6.04 2.13 Qtr 5.07 2.94 0.17 8.54 1.13 4.11 6.46 2.18
3.77 4.75 -0.23 6.14 3.5 -0.28 1.04 5.5 1.23 1/0/1900 5.46 Policy 0.57
3.48 4.05 Policy Policy 5.62 2.71 Policy Policy 2010 4.77 Policy Policy 2010 4.73 Policy
0.29 3.53 8 0.52 2.03 8 YTD 4 8 YTD 4.14 7
2010 2.85 12 2010 1.18 12 1/1/1900 2.79 12 4.51 2.95 13
YTD 9 Yr 50 YTD 9 Yr 55 0.17 9 Yr 35 4.11 9 Yr 45
3.77 2.57 -12.55 6.14 -0.08 -23.37 1.04 6.57 -1.37 0.4 4.12 -4.94
3.48 68 11.87 5.62 81 17.84 2009 13 4.97 2009 36 8.88
0.29 2.92 24.42 0.52 0.46 41.21 14.87 5.7 6.34 14.54 3.32 13.82
2009 54 -23.25 2009 65 -37.98 9.82 24 -0.81 11 62 Standard Deviation -13.89
0.85 5.11 Standard Deviation 10.59 -8.67 3.96 Standard Deviation 17.17 5.05 7.83 Standard Deviation 3.48 3.54 5.47 7.31
0.78 3.78 1 -6.66 2.07 1 2008 5.61 1 2008 4.52 1
0.07 3 0 -2.01 0.94 0 3.98 4.84 0 -3.41 3.67 0
2008 2.39 1 2008 0.09 1 3.56 4.26 1 -8.67 2.88 1
-11.57 1.32 -0.01 -20.4 -1.44 -0.12 0.42 3.06 0.57 5.26 1.59 0.29
-10.79 10 Yr -0.08 -19.72 10 Yr -2.07 2007 10 Yr 1.99 2007 10 Yr 2.09
-0.78 2.38 0 ################################## -0.77 0 1/6/1900 7.03 0 10.97 3.85 0
2007 58 Diff 2007 76 Diff 5.48 6 Diff 12.99 31 Diff
1/11/1900 2.46 0 16.64 -0.62 -1 0.62 6.28 -1 ################################ 2.35 0
11.03 55   0 14.69 70   1 2006 17   1 2006 73   0
0.93 5.46 0 1.95 4.51 -10 3.48 7.13 30 3.73 5.6 10
2006 3.76   0.31 2006 2.23   -2.04 3.67 5.95   -0.07 4.97 4.03   1.11
6.57 2.61 -1.58 9.02 0.05 -2.16 -0.19 5.28 0.65 -1.24 3.08 -0.3
8.28 2 -1.89 11.36 -0.76 -0.12 6/27/1905 4.65 0.72 2005 2.22 -1.41
-1.71 0.69 1.79 -2.34 -2.26 0.63 2.95 3.16 0.45 8.2 0.72 6.33
2005 Fiscal Year Returns Ending September -0.85 6/27/1905 Fiscal Year Returns Ending September -0.47 2.8 Fiscal Year Returns Ending September 0.14 1/7/1900 Fiscal Year Returns Ending September -1.03
8.42 Fund -0.1 12.84 Fund -0.04 0.15 Fund -0.01 1.13 Fund -0.18
1/9/1900 Return   -0.24 13.21 Return   -0.79 6/26/1905 Return   1.4 6/26/1905 Return   2.04
-0.64 %-tile -0.04 -0.37 %-tile -0.03 3.36 %-tile -0.1 3.06 %-tile -0.08
2004 Policy   -0.05 6/26/1905 Policy   -0.05 3.68 Policy   0.36 1/5/1900 Policy   0.24
7.44 Return -0.55 12.55 Return -0.94 -0.32 Return 1.42 -2.39 Return 1.98
1/10/1900 %-tile 2.13 15.46 QU. FUND %-tile 2.94 6/25/1905 %-tile 1.13 6/25/1905 %-tile   2.18
-3.29 Universe 10 Yr -2.91 UNIVERSE Universe 10 Yr 5.52 Universe 10 Yr 12.61 Universe 10 Yr
2003 5th %-tile # of Negative Qtrs 6/25/1905 POLICY 5th %-tile # of Negative Qtrs 5.4 5th %-tile # of Negative Qtrs 1/16/1900 5th %-tile   # of Negative Qtrs
14.37 25th %-tile # of Positive Qtrs 24.55 25th %-tile # of Positive Qtrs 0.12 25th %-tile # of Positive Qtrs -4.23 QU. FUND 25th %-tile # of Positive Qtrs
1/17/1900 QU. FUND 50th %-tile Batting Average 1/24/1900 50th %-tile Batting Average 6/24/1905 QU. FUND 50th %-tile Batting Average 2002 UNIVERSE 50th %-tile Batting Average
-2.67 UNIVERSE 75th %-tile Worst Qtr -0.25 75th %-tile Worst Qtr 9.39 UNIVERSE 75th %-tile Worst Qtr -5.61 POLICY 75th %-tile Worst Qtr
6/24/1905 POLICY 95th %-tile Best Qtr 6/24/1905 95th %-tile Best Qtr 8.6 POLICY 95th %-tile Best Qtr ################################ 95th %-tile Best Qtr
-7.32 Qtr Range -19.84 Qtr Range 0.79 Qtr Range 1.69 Qtr ####### Range
############################## 3.77 0.0377 Worst 4 Qtrs ################################## 6.14 0.0614 Worst 4 Qtrs 6/23/1905 1.21 0.0121 Worst 4 Qtrs 2001 4.51 0.0451 Worst 4 Qtrs
1.45 43 Standard Deviation -0.27 15 Standard Deviation 13.48 36 Standard Deviation ################################ 24 0.24 Standard Deviation
6/23/1905 3.48 0.0348 Beta 6/23/1905 5.62 0.0562 Beta 12.95 0.17 0.0017 Beta ################################ 4.11 0.0411 Beta
-9.99 57 Annualized Alpha -26 37 Annualized Alpha 0.53 76 Annualized Alpha 7.03 39 Annualized Alpha
############################## 4.89 R-Squared -26.85 6.63 R-Squared Returns in Up Markets 3.55 R-Squared Returns in Up Markets 5.45 R-Squared
2.49 4.07 Sharpe Ratio 0.85 5.84 Sharpe Ratio Fund 1.67 Sharpe Ratio Fund 4.46 Sharpe Ratio
Returns in Up Markets 3.63 Treynor Ratio Returns in Up Markets 5.38 Treynor Ratio Policy 0.79 Treynor Ratio Policy 3.75 Treynor Ratio
Fund 3.21 Tracking Error Fund 4.91 Tracking Error Ratio 0.17 Tracking Error Ratio 3.26 Tracking Error
Policy 2.61   Information Ratio Policy 4.17   Information Ratio 3 Yr -0.53   Information Ratio 3 Yr 2.46   Information Ratio
Ratio YTD Fund Ratio YTD Fund 1/14/1900 YTD Fund 1/19/1900 YTD ####### Fund
3 Yr 3.77 0.0377 17 3 Yr 6.14 0.0614 16 10.3 1.21 0.0121 10 18.8 4.51 0.0451 16
22 43 23 2/3/1900 15 24 137.9 36 30 4/11/1900 24 0.24 24
22.7 3.48 0.0348 55 34.6 5.62 0.0562 45 5 Yr 0.17 0.0017 52.5 5 Yr 4.11 0.0411 50
4/5/1900 57 -12.24 98.2 37 -25.41 1/12/1900 76 -2.27 1/13/1900 39 -7.29
5 Yr 4.89 10.29 5 Yr 6.63   15.68 9.8 3.55 5.62 14.9 5.45   8.58
16 4.07 22.53 1/23/1900 5.84 41.09 123.3 1.67 7.89 4/2/1900 2004 FUND 4.46 0.0446 15.87
1/17/1900 2004 FUND 3.63 0.0363 -21.46 26 2004 FUND 5.38 0.0538 -37.35 10 Yr 2004 FUND 0.79 0.0079 -0.36 10 Yr UNIVERSE 3.75 -13.1
3/31/1900 UNIVERSE 3.21 9.34 3/31/1900 UNIVERSE 4.91 17.8 1/10/1900 UNIVERSE 0.17 4 14.8 POLICY 3.26 0.0326 7.55
10 Yr POLICY 2.61 0.0261 0.88 10 Yr POLICY 4.17 0.0417 0.97 1/9/1900 POLICY -0.53 -0.0053 1.05 16.8 2.46   0.77
1/15/1900 2009 0.17 0.0017 1/26/1900 2009 -0.15   110.2 2009 0.39 0.0039 3/27/1900 2009 1.95 0.0195
1/17/1900 0.85   0.97 1/27/1900 -8.67 0.98 12/31/1997 14.87 0.92 12/31/1997 14.54   0.92
3/29/1900 82 -0.05 4/7/1900 85 -0.2 Incept 23 1.05 Incept 17 0.13
12/31/1997 0.78 -0.52 12/31/1997   -6.66   -3.72 10.2 9.82   3.99 1/17/1900 11   1.31
Incept 82 2.01 Incept   57 2.67 9.3 75 1.13 1/17/1900 59 3
18.3 5.95 -0.04 29.6   -2.31   -0.06 109.5 18.97   0.66 103 16.99   0.5
1/19/1900 4.17 Policy 31.5 -4.82 Policy Returns in Down Markets 14.62 Policy Returns in Down Markets 2003 FUND 13.67 0.1367 Policy
91.8 2003 FUND 2.86 0.0286 17 93.9 2003 FUND -6.3 -0.063 17 Fund 2003 FUND 11.99 0.1199 10 Fund UNIVERSE 11.56 17
Returns in Down Markets UNIVERSE 1.33 23 Returns in Down Markets UNIVERSE -7.86 23 Policy UNIVERSE 9.8 30 Policy POLICY 9.36 0.0936 23
Fund POLICY -1.44 -0.0144 45 Fund POLICY -10.68 -0.1068 55 Ratio POLICY 5.11 0.0511 47.5 Ratio 4.37   50
Policy 2008 -12.55 Policy 2008 -23.37 3 Yr 2008 -2.44 3 Yr 2008 -9.05
Ratio -11.57   11.87 Ratio -20.4 17.84 -2.6 3.98 4.97 -6.1 -3.41   9
3 Yr 12 24.42 3 Yr 47 41.21 -2.4 4 7.41 -12.2 1 18.05
-18.3 -10.79 -23.25 -33.2 -19.72   -37.98 107.3 3.56   -0.81 50.1 -8.67   -20.13
-19.2 5 10.47 -33.5 31 18.08 5 Yr 4 3.64 5 Yr 16 9.4
94.9 -10.9 1 99.2 -17.96   1 -2 2.95   1 ################################ -6.91   1
5 Yr -12.41 0 5 Yr -19.4 0 -2.2 0.14 0 -11.3 2002 FUND -9.55 -0.0955 0
-15.2 2002 FUND -13.56 -0.1356 1 -27.5 2002 FUND -20.56 -0.2056 1 90.7 2002 FUND -2.17 -0.0217 1 59.7 UNIVERSE -11.53 1
############################## UNIVERSE -14.76 -0.04 -27.8 UNIVERSE -21.72 -0.19 10 Yr UNIVERSE -4.98 0.95 10 Yr POLICY -13.64 -0.1364 -0.05
95.5 POLICY -16.56 -0.1656 -0.38 98.8 POLICY -23.36 -0.2336 -3.46 ################################## POLICY -10.1 -0.101 3.44 -9.3 -17.22   -0.49
10 Yr 2007 0 10 Yr 2007 0 ################################## 2007 0 -14.4 2007 0
-13.5 11.96   Diff -28.7 16.64 Diff 93.8 6.1 Diff 3/4/1900 10.97   Diff
-15.1 29 0 ################################## 27 -1 12/31/1997 15 0 12/31/1997 84 -1
89.3 11.03 0 4/9/1900 14.69   1 Incept 5.48   0 Incept 12.99   1
12/31/1997 48 10 12/31/1997 73 -10 -2.6 20 5 -9.3 49 0
Incept 14.21 0.31 Incept 20.83   -2.04 -2.9 8.29   0.17 -13.8 17.5   1.76
-13.7 12.23 -1.58 -28.7 16.79 -2.16 88.7 5 0.65 67.4 2001 FUND 14.43 0.1443 -0.42
-15 2001 FUND 10.97 0.1097 -1.89 -28.7 2001 FUND 15.38 0.1538 -0.12 2001 FUND 4.09 0.0409 0.48 UNIVERSE 12.91 -2.18
91.7 UNIVERSE 10.14 1.79 100 UNIVERSE 14.59 0.63 UNIVERSE 3.36 0.45 POLICY 11.45 0.1145 7.03
POLICY 8.75 0.0875 -1.13 POLICY 11.84 0.1184 -0.28 POLICY 2.5 0.025 0.36 10.03   -1.85
2006 -0.12 2006 -0.03 2006 0.05 2006 -0.23
6.57   0.17 9.02 -0.15 3.48 0.39 3.73   1.95
81 -0.03 78 -0.02 63 -0.08 85 -0.08
8.28 -0.01 11.36   -0.01 3.67   0.1 4.97   0.18
34 -0.14 24 -0.26 57 0.55 62 1.8
10.42 2.01 13.52   2.67 8.07   1.13 7.8   3
8.66 Incept 11.27 Incept 4.97 Incept 2000 FUND 6.37 0.0637 Incept
2000 FUND 7.8 0.078 # of Negative Qtrs 2000 FUND 10.47 0.1047 # of Negative Qtrs 2000 FUND 3.83 0.0383 # of Negative Qtrs UNIVERSE 5.32 # of Negative Qtrs
UNIVERSE 6.81 # of Positive Qtrs UNIVERSE 9.2 # of Positive Qtrs UNIVERSE 3.22 # of Positive Qtrs POLICY 4.32 0.0432 # of Positive Qtrs
POLICY 4.91 0.0491 Batting Average POLICY 6.05 0.0605 Batting Average POLICY 2.33 0.0233 Batting Average 2.51 Batting Average
2005 Worst Qtr 2005 Worst Qtr 2005 Worst Qtr 2005 Worst Qtr
8.42 Best Qtr 12.84 Best Qtr 2.95 Best Qtr 8.2 Best Qtr
91 Range 85 Range 53 Range 59 Range
9.06 Worst 4 Qtrs 13.21 Worst 4 Qtrs 2.8 Worst 4 Qtrs 7.07 Worst 4 Qtrs
79 Standard Deviation 75 Standard Deviation 56 Standard Deviation 81 Standard Deviation
14.03 Beta 19.58 Beta 9 Beta 13.08 Beta
11.88 Annualized Alpha 17.19 Annualized Alpha 4.9 Annualized Alpha 10.69 Annualized Alpha
10.4 R-Squared 14.91 R-Squared 3.16 R-Squared 8.78 R-Squared
9.23 Sharpe Ratio 13.18 Sharpe Ratio 1.99 Sharpe Ratio 7.33 Sharpe Ratio
8.04 Treynor Ratio 11.6 Treynor Ratio 0.97 Treynor Ratio 6.1 Treynor Ratio
2004 Tracking Error 2004 Tracking Error 2004 Tracking Error 2004 Tracking Error
7.44 Information Ratio 12.55 Information Ratio 3.36 Information Ratio 3.06 Information Ratio
98 Fund 90 Fund 62 Fund 99 Fund
10.73 19 15.46 18 3.68 13 5.45 18
66 29 60 30 56 35 87 30
16.53 54.17 22.67 43.75 12.07 54.17 12.38 52.08
13.56 -12.24 18.35 -25.41 5.38 -2.27 8.92 -7.29
11.57 12.53 15.88 19.75 3.92 5.62 7.81 14.62
10.12 24.77 14.57 45.16 2.77 7.89 6.45 21.91
7.93 -21.46 10.59   -37.35 0.94 -1.19 4.48 -13.1
2003 9.96 2003 18.19 2003 4.03 2003 8.94
14.37 0.9 24.55   0.95 5.52 1.05 12.61 0.86
86 0.13 49 -0.73 32 0.41 83 2.87
17.04 0.97 24.8 0.97 5.4 0.93 16.84 0.83
46 0.12 46 -0.05 32 0.84 32 0.4
25.3 1.32 30.28   -0.92 26.2 3.21 24.24 4.15
18.82 2.04 26.57 3.35 6.52 1.05 17.82 3.93
16.73 -0.14 24.41   -0.27 3.65 0.69 15.12 0.59
15.26 Policy 22.69 Policy 2.73 Policy 13.44 Policy
13.08 19 18.04 19 1.51 13 10.95 18
2002 29 2002 29 2002 35 2002 30
-7.32 45.83 -19.84 56.25 9.39 45.83 -5.61 47.92
41 -12.55 85 -23.37 7 -2.44 38 -9.05
-8.77 12.55 -19.57 21.3 8.6 4.97 -7.3 11.93
69 25.1 82 44.67 16 7.41 63 20.98
-2.24 -23.25 -9.54 -37.98 9.64 -2.05 -1.28 -20.13
-5.66 10.84 -14.84 18.91 8.24 3.7 -4.61 9.49
-7.82 1 -17.27 1 6.94 1 -6.52 1
-9.26 0 -19.17 0 5 0 -8.09 0
-11.89 1 -20.96 1 -3.65 1 -11.68 1
0.14 0 0.72 0.13
1.47 0.04 2.65 1.26
0 0 0 0
Diff Diff Diff Diff
0 -1 0 0
0 1 0 0
8.34 -12.5 8.34 4.16
0.31 -2.04 0.17 1.76
-0.02 -1.55 0.65 2.69
-0.33 0.49 0.48 0.93
1.79 0.63 0.86 7.03
-0.88 -0.72 0.33 -0.55
-0.1 -0.05 0.05 -0.14
0.13 -0.73 0.41 2.87
-0.03 -0.03 -0.07 -0.17
-0.02 -0.05 0.12 0.27
-0.15 -0.96 0.56 2.89
2.04 3.35 1.05 3.93