SUNRISE POLICE SCROLL TO RIGHT------> Small Cap
LOCK N/A LOCK LOCK N/A LOCK LOCK N/A LOCK LOCK DHJ LG.GR. EXECUTIVE HERE LOCK LOCK DHJ EQ. UNIVERSE HERE LOCK LOCK DHJ EQ RISK HERE LOCK LOCK COHEN & STEERS LOCK LOCK COHEN & STEERS LOCK LOCK COHEN & STEERS 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
DHJ Large Cap Growth Equity (R1000G) DHJ Large Cap Growth Equity (R1000G) DHJ Large Cap Growth Equity (R1000G) Cohen & Steers (Large Cap Value Equity + Cash) Cohen & Steers (Large Cap Value Equity + Cash) Cohen & Steers (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
49 Broad Large Cap Growth Equity 54 57 Pure Large Cap Value Equity 61 64 Broad Small Cap Value Core 68
Inception date is December 31, 1997 51 3 Yr Inception date is June 30, 2008 59 1 Yr Inception date is March 31, 2004 66 Incept 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
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 December 31, 2009 Batting Average Returns are net of fees. Incept is June 30, 2008 to December 31, 2009 Batting Average Returns are net of fees. Incept is March 31, 2004 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
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
Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs
Ending Value R1000G Standard Deviation Ending Value R1000V Standard Deviation Ending Value R2000V Standard Deviation
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
11,868 Universe R-Squared 9,048 Universe R-Squared 4,166 Universe R-Squared
-356 5th %-tile Sharpe Ratio 242 5th %-tile Sharpe Ratio 122 5th %-tile Sharpe Ratio
972 25th %-tile Treynor Ratio 470 25th %-tile Treynor Ratio 81 25th %-tile Treynor Ratio
12,484 50th %-tile Tracking Error 9,760 50th %-tile Tracking Error 4,369 50th %-tile Tracking Error
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
    11,868 1 Yr 4 9,048   2 Qtrs   1 4,166 2 Qtrs 5
  -356 38.09 0.3809 8 242   18.47 0.1847 3 122 22.67 0.2267 7
    972 30 58.33 470   100   50 81 95 Batting Average 33.33
12,484 37.21 0.3721 -23.11 9,760 23 0.2323 -13.99 4,369 27.15 0.2715 -27.11
12/31/1997 33 14.32 6/30/2008 2/5/1900 14.35 3/31/2004 33 20.59
Incept 47.11 37.43 Incept 25.23 28.34 Incept 29.25 47.7
  10,999 38.7 -36.45   10,493 24 16.51 2,986 27.93 -33.11
-8,200 33.72 18.45 763 22.57 21.02 1,047 24.58 Standard Deviation 24.55
                  - 9,685 29.23 0.93 -1,496     21 0.81 0.0081 335 24.49 Beta 0.92  
12,484  12,484,000 24.94 2.2 9,760    9,760,000 20 0.17 0.0017 4,369   4,369,000 22.43 Annualized Alpha 0.09 0.0009
Investment Policy 2 Yr 0.98 Investment Policy 3 Qtrs 0.98 Investment Policy 3 Qtrs R-Squared 0.92
Index -6.32 -0.0632 -0.09 Index 35.47 0.3547 0.78 Index 43.91 0.4391 -0.4
Russell 1000 Growth 13 -1.84 Russell 1000 Value 100 20.17 Russell 2000 Value 100 -10.58
Total -8.09 -0.0809 2.76 Total 43.81 0.4381 5.65 Total 50.04 0.5004 7.02
Weight 25 0.87 Weight 45 -0.56 Weight 53 0.1
70 100 -4.93 R1000G 100 49.05 R1000V 100 57.65 Policy R2000V
30 100 -8.12 5 100 47.01 1 100 51.82 6
100 50 Trailing Returns through December 31, 2009 -9.82 7 Trailing Returns through December 31, 2009 42.95 3 Trailing Returns through December 31, 2009 50.42 6
Trailing Returns through March 31, 2008 -8.57 Fund -11.81 41.67 Fund 40.95 50 Fund 48.37 66.67
Fund 5.08 R1000G -15.49 -22.79 R1000V 37.71 -16.77 R2000V 45.92 -24.89
Policy     13.65 Diff   3 Yr   16.32 Diff   1 Yr   18.24 Diff 1 Yr #VALUE! 22.7
Diff 1 Yr FUND 0 -8.71 1 Yr 1 Yr FUND 0.51 0.0051 39.11 1 Yr 1 Yr FUND 16.51 0.1651 35.01 1 Yr 25.71 0.2571 47.59
1 Yr UNIVERSE 11.19 2/7/1900 UNIVERSE 6 -38.44 1/16/1900 UNIVERSE 81 19.69 1/25/1900 50 0.5 -38.89
-12.71 POLICY 0 1 37.21 POLICY -1.89 -0.0189 19.73 19.69 POLICY 19.69 0.1969 25.55 20.58 20.58 0.2058 25.62
-8.71 0 0.88 30 1 -3.18 59 1 5.13 93 1
-4 1 2 Yr 0.55 0 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 32.59 0 2 Yr 40.24 0
2 Yr -1.15 ################################## -1.48 1 6/30/2008 25.62 1 ################################### 30.6 1
################################# -12.9 -8.09 -3.1 -0.21 Incept 20.43 0.76 -7.43 25.52 -0.41
0.85 0 1.77 -4.78 -4.11 -10.21 17.66 19.52 1.94 24.44 -10.44
-2.2 Diff 3 Yr -6.33 0 -8.55 13.02 0 3 Yr 17.77 0
3 Yr 0 0.51 4 Yr Diff ################################ 2 Yr Diff ################################### 2 Yr = Diff
   1/2/1900   0   ################################## 1.44 0.0144 -1    Fiscal Year Returns Ending September 2 Yr FUND ################################# -0.089 0   ################################### -5.49 -0.0549 -1
   1/5/1900 0   1/2/1900 19 1    Fund UNIVERSE -10.35 0   0.71 45 1
  -2.98   -0.9   4 Yr 0.74 0.0074 16.66   R1000V POLICY -13.04 -0.1304 0   4 Yr -7.43 -0.0743 -33.34
4 Yr 0.89 1.44 34 -0.32 Diff -14.2 2.78 ################################### 92 -2.22
1/4/1900 2.02 1.79 1/0/1900 3.28 -2 12/31/2009 -17.98 -3.89 ################################### 3.36 -2.11
1/6/1900 1.06 -4 0.7 1.07 -1.68 Qtr   3 Yr -6.67 -0.53 -5.04 0.11
-1.99 0.12 0.13 5 Yr 0.06 1.99 5.12 -4.58 -3.18 5 Yr -5.63 5.78
5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -1.17 -0.08 2.2 -1.31 -1.28 1/4/1900 -6.62 -4.53 ################################### -6.57 -1.07
3/31/2004 3 Yr -4.94 1.63 -3 -0.07 1/0/1900 -8.48 -0.19 ################################### -8.43 -0.08
Incept 2.48 -0.17 0.57 5 Yr 2.2 2010 -9.2 0.17 -1.08 3 Yr #VALUE! 0.09
1/4/1900 3 YR FUND 99 0.99 -0.34 6 Yr 3 YR FUND 2.2 0.022 -0.02 YTD   -12.71 -0.1271 -0.02 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -7.51 -0.0751 -0.08
1/6/1900 UNIVERSE 5.46 -5.47 1/2/1900 UNIVERSE 32 0.12 5.12   4 Yr 0.02 3/31/2004 96 0.96 0.01
-1.99 POLICY 54 0.54 4.69 2.4 POLICY 1.63 0.0163 2.27 1/4/1900   1.73 0.0173 0.65 Incept -8.22 -0.0822 -0.14
Fiscal Year Returns Ending September 9.29 2 Yr 0.43 45 2.76 0.9   -0.97 5.65 1.96 100 7.02
Fund 6.48 5 Yr # of Negative Qtrs 7 Yr 4.3 5 Yr 5 Yr 7/1/1905 -1.93 Incept 2.35 0.14 4 Yr
Policy 5.57 # of Positive Qtrs 1/5/1900 2.44 # of Negative Qtrs ################################ ################################# # of Negative Qtrs -0.39 -4.32 # of Negative Qtrs
Diff 4.79 Batting Average 5.92 1.45 # of Positive Qtrs ################################ -6 # of Positive Qtrs Fiscal Year Returns Ending September -4.91 # of Positive Qtrs
3/31/2008 3.37 Worst Qtr ################################## 0.35 Batting Average ################################ 5 Yr Batting Average Fund -6.38 Batting Average
Qtr 4 Yr Best Qtr 8 Yr -1.17 Worst Qtr 2008 2007 2006 2005 2004 2003 2002 2001 2.59 Worst Qtr R2000V -7.39 Worst Qtr
################################# 4.02 Range 1/1/1900 6 Yr Best Qtr Returns in Up Markets 0.76 Best Qtr Diff 4 Yr #VALUE! Best Qtr
################################# 99 Worst 4 Qtrs 1/0/1900 2.83 0.0283 Range Fund -0.31 -0.0031 Range 12/31/2009 -1.68 -0.0168 Range
1.57 6.01 Standard Deviation 1/0/1900 46 Worst 4 Qtrs R1000V ################################# Worst 4 Qtrs Qtr 94 0.94 Worst 4 Qtrs
2008 64 Beta 9 Yr 2.4 0.024 Standard Deviation Ratio -3.4 -0.034 Standard Deviation 1.73 -1.15 -0.0115 Standard Deviation
YTD 9.49 Annualized Alpha ################################## 58 Beta 1 Yr 6 Yr Beta 1/3/1900 92 Beta
################################# 7.35 R-Squared ################################## 5.46 Annualized Alpha 2/4/1900 4 Annualized Alpha -1.9 4.75 Annualized Alpha
-12.7 6.39 Sharpe Ratio 1.34 3.7 R-Squared 43.8 2.97 R-Squared 2010 1.17 R-Squared
-3.11 5.72 Treynor Ratio 10 Yr 2.66 Sharpe Ratio 81 2.29 Sharpe Ratio YTD -0.03 Sharpe Ratio
2007 4.77 Tracking Error ################################## 1.89 Treynor Ratio 6/30/2008 1.3 Treynor Ratio 1/1/1900 -0.28 Treynor Ratio
1/13/1900 5 Yr Information Ratio ################################## 0.18 Tracking Error Incept -0.77 Tracking Error 1/3/1900 -2.13 Tracking Error
13.3 16.12 Fund 3.04 7 Yr Information Ratio 35.5 7 Yr Information Ratio -1.9 5 Yr Information Ratio
-0.13 5 YR FUND 14.16 0.1416 4 12/31/1997 5 YR FUND 5.51 0.0551 Fund Fund 43.8 7.8 0.078 Fund 2009 -1.09 -0.0109 Fund
2006 UNIVERSE 13.2 4 Incept UNIVERSE 68 6 3/21/1900   6.22 3 ################################### 96 6
11.07 POLICY 12.39 0.1239   62.5 1/4/1900 POLICY 5.92 0.0592 14 Returns in Down Markets   5.57 0.0557 3 -12.61 -0.01 -0.0001 10
1/11/1900 11.7 Batting Average -9.47 1/1/1900 55 Batting Average 50 Fund   4.6 50 2.69 92 37.5
-0.74 6 Yr 7.59 2.34 9.12 -23.11 R1000V 2.51 -21.93 2008 5.85 -27.11
6/27/1905 8.92 17.06 Fiscal Year Returns Ending September 7.15 14.32 Ratio 8 Yr 14.35 ################################### 2.04 20.59
1/11/1900 6.86 -12.71 Fund 6.06 37.43 1 Yr 4.75 36.28 ################################### 1.78 47.7
13.96 5.93 9.84 R1000G 5.26 -36.45 ################################ 3.37 -28.18 -3.53 1.32 -33.11
-2.79 5.15 Standard Deviation 0.96 Diff 3.81 Standard Deviation 15.17 -16.8 2.4 23.97 2007 -0.95 22.53
2004 2003 2002 2001 2000 1999 4.14 Beta -2.1   12/31/2009 8 Yr Beta 0.93 3/23/1900 1.7 0.88   1/12/1900 6 Yr 0.93
Returns in Up Markets 7 Yr Annualized Alpha 0.87 0.0087 Qtr 1.83 Annualized Alpha 0.62 0.0062 6/30/2008 0.27 -3.2 -0.032 1/6/1900 8.26 -0.56 -0.0056
Fund 8.61 R-Squared -0.6 8.31 47 R-Squared 0.98 Incept Fiscal Year Returns Ending September 0.98 1/6/1900 5.36 0.92
Policy 7.29 -6.19 7.94 0.95 -0.04 ################################ Fund -0.45 2006 4.62 -0.2
Ratio 6.41 3.62 0.37 70 -0.73 ################################ Return ####### -12.25 1/9/1900 4.54 -4.87
1 Yr 5.65 -0.61 2010 4.93 2.66 4/3/1900 %-tile 4.82 14 2.59 6.74
1/6/1900 4.87 Policy YTD 2.77 0.21 ################################ R1000V ####### -0.34 -4.79 7 Yr -0.08
5.1 8 Yr Policy 4 8.31 1.69 Policy R1000G 2003 2002 2001 2000 1999 Return R1000V 2005 12.37 R2000V
117.5 8.67 4 7.94 0.69 7 Returns in Up Markets %-tile ####### 3 1/12/1900 9.63 7
2 Yr 7.07 37.5 0.37 -0.63 13 Fund Universe 3 17.75 8.85 9
20 5.68 -8.57 2009 9 Yr 50 R1000V 5th %-tile ####### 50 -4.82 8.63 62.5
19.2 3.75 7.4 -1.97 -0.34 -22.79 Ratio 25th %-tile -22.18 2004 2003 2002 2001 6.72 -24.89
104.2 2.26 15.97 -1.85 49 16.32 3 Yr 50th %-tile ####### 18.24 Returns in Up Markets 8 Yr 22.7
3 Yr Fiscal Year Returns Ending September -8.71 -0.12 -1.68 39.11 1/15/1900 75th %-tile 40.42 Fund 10.11 47.59
1/15/1900 Fund 9.52 2008 77 -38.44 16.9 95th %-tile ####### -29.03 R2000V 7.45 -38.89
17.3 Return Standard Deviation 1 ################################## 3.27 Standard Deviation 16.17 88.4 Qtr 27.05 Ratio 6.73 23.09
88.2 %-tile 0 -20.88 0.89 1 4 Yr 5.12 0.0512 1 3 Yr QU. FUND 5.48 0.0548 1
3/31/2004 Policy 1 3.6 -0.38 0 1/13/1900 40 0 2/7/1900 UNIVERSE 3.42 0
Incept Return -0.39 2007 -1.59 1 16.8 4.22 0.0422 1 38.8 POLICY Fiscal Year Returns Ending September #VALUE! 1
1/16/1900 %-tile -3.74 19.32 -3.55 -0.08 3/19/1900 71 -0.34 98 Fund -0.17
18.9 Universe 0 19.35 10 Yr -1.25 5 Yr QU. FUND 7.7 -9.12 4 Yr Return #VALUE! -4
89 5th %-tile Diff -0.03 -0.95 0 1/14/1900 UNIVERSE 5.41 0 2/5/1900 %-tile 0
Returns in Down Markets 25th %-tile 0 2006 43 Diff 17.8 POLICY 4.71 Diff 38.3 R2000V #VALUE! Diff
Fund 50th %-tile 0 4.42 -3.99 -1 80.2 3.93 0 95.7 Return -1
Policy 75th %-tile   25 6.03 88   1 12/31/2002 3.29 0.0329 0 5 Yr %-tile #VALUE! 1
Ratio 95th %-tile -0.9 -1.61 3.43 0 Incept YTD 0 28.3 Universe -25
1 Yr Qtr   0.19 2005 0.35   -0.32 18 5.12 0.0512 0.25 31.3 5th %-tile #VALUE! -2.22
-17.6 -7 1.09 12.97 -1.36 -2 20.6 40 -3.89 90.5 25th %-tile #VALUE! -2.11
################################# 7 -4 1/11/1900 -2.69 -1.68 3/27/1900 4.22 0.0422 -4.14 3/31/2004 50th %-tile #VALUE! 0.11
134.2 -8.57 0.32 1.37 -5.39 1.99 Returns in Down Markets 71 0.85 Incept 75th %-tile #VALUE! 5.78
2 Yr 46 -0.04 2004 Fiscal Year Returns Ending September -1 Fund 7.7 0.077 -3.08 27.6 95th %-tile #VALUE! -0.56
-18.9 -6.78 -2.1 1/4/1900 Fund -0.07 R1000V 5.41 -0.12 28.8 Qtr -0.07
################################# -7.9   -0.13 1/7/1900 Return   0.62 Ratio 4.71 0.0471 -3.2 95.7 1.73 0.0173 -0.56
128.7 -8.75 -0.21 -3.06 %-tile -0.02 3 Yr 3.93 -0.02 Returns in Down Markets 95 -0.08
3 Yr -9.5   -2.45 2003 R1000G   0.04 -19.8 3.29 0.0329 -0.11 Fund 3.63 0.0363 -0.03
-18.9 -10.48 3.62 1/20/1900 Return 0.52 -19.5 2009 -3.13 R2000V 72 -0.87
################################# QU. FUND YTD ####### 3 Yr 1/25/1900 %-tile 2.66 101.6 -13.47 4.82 Ratio 6.67 6.74
128.7 UNIVERSE -15.81 # of Negative Qtrs -5.89 Universe 10 Yr 4 Yr 83 Incept 5 Yr 3 Yr 4.99 5 Yr
3/31/2004 POLICY 98 0.98 # of Positive Qtrs 2002 5th %-tile # of Negative Qtrs -19.8 -10.62 # of Negative Qtrs -38 3.93 # of Negative Qtrs
Incept -12.7 Batting Average -17.69 25th %-tile # of Positive Qtrs -19.5 76 # of Positive Qtrs -39.3 3.13 # of Positive Qtrs
################################# 54 Worst Qtr ################################## QU. FUND 50th %-tile Batting Average 4/10/1900 2004 FUND -4.13 -0.0413 Batting Average 96.7 1.51 Batting Average
-12.4 -9.88 Best Qtr 4.82 UNIVERSE 75th %-tile Worst Qtr 5 Yr UNIVERSE -6.55 Worst Qtr 4 Yr YTD Worst Qtr
114.6 -11.53 Range 2001 POLICY 95th %-tile Best Qtr -19.8 POLICY -8.83 -0.0883 Best Qtr -35.6 1.73 0.0173 Best Qtr
S&P500 -12.52 Worst 4 Qtrs -33.13 Qtr Range -19.5 -10.51 Range -35.8 95 Range
Ratio -13.62   Standard Deviation ################################## 8.31 0.0831 Worst 4 Qtrs 101.6 -19.75 Worst 4 Qtrs 99.4 3.63 0.0363 Worst 4 Qtrs
3 Yr -15.19 Beta 12.51 14 Standard Deviation 12/31/2002 2008 Standard Deviation 5 Yr 72 Standard Deviation
-40.5 2007   Annualized Alpha Returns in Up Markets 7.94 0.0794 Beta Incept -18.82 Beta -33 6.67 Beta
-40.8 13.17 R-Squared Fund 18 Annualized Alpha -19 -21.47 Annualized Alpha -33.5 4.99 Annualized Alpha
99.2 83 Sharpe Ratio R1000G 8.95 R-Squared -19.3 -24.82   R-Squared 98.6 3.93 R-Squared
5 Yr 13.3 Treynor Ratio Ratio 7.53 Sharpe Ratio 4/7/1900 -28.9 Sharpe Ratio 3/31/2004 3.13 Sharpe Ratio
-31 82 Tracking Error 3 Yr 6.49 Treynor Ratio 2003 FUND -33.85 -0.3385 Treynor Ratio Incept 1.51 Treynor Ratio
-30.9 20.14 Information Ratio 31.8 5.63 Tracking Error UNIVERSE 2007 Tracking Error -33 2009 Tracking Error
100.2 16.71   Fund 2/1/1900 4.15   Information Ratio POLICY 20.22 0.2022 Information Ratio -33.5 -9.92 Information Ratio
6 Yr 15.09 4 4/7/1900 YTD Fund 16.74 Fund 98.6 68 Fund
-30.8 13.63   8 5 Yr 8.31 0.0831 15 14.93 8 -12.61 7
-31.3 11.48 50 1/21/1900 14 25 13.18   12 96 13
98.5 2003 FUND 2006 20.06 -9.47 1/24/1900 7.94 0.0794 50 11.34   Batting Average 35 1.09 40
12/31/1997 UNIVERSE 11.07 7.59 3/29/1900 18 -23.11 2006 -8.13 -5.83 -27.11
Incept POLICY 44 0.44 17.06 10 Yr 8.95 14.32 15.25   14.81 -8.02 20.59
-30.8 11.81 -12.71 25.3 7.53 37.43 13.68 22.94 -10.39 47.7
-31.3 28 9.18 28.8 2004 FUND 6.49 0.0649 -36.45 2002 FUND 12.46   -23.7 -12.52 -33.11
4/7/1900 13.63 0.91 3/27/1900 UNIVERSE 5.63 17.39 UNIVERSE 11.83 Standard Deviation 9.85 2008 20.9
11.93   -2.35 12/31/1997 POLICY 4.15 0.0415 0.82   NA 10.52   Beta 0.88 -15.78 0.93
10.71 0.87 0.0087 Incept 2009 2.14 0.0214 2005 Annualized Alpha -1.57 -0.0157 80 -1.04 -0.0104
8.99   -0.19 31.3 -1.97 0.95 26.74   R-Squared 0.87 -12.25 0.91
6.6 -1.9 2/4/1900 36 -0.22 16.73 0.15 29 -0.19
2002 FUND 2005 20.05 3.47 88.2 -1.85   -4.62 13.08 1.72 -8.19 -4.27
UNIVERSE 11.17 -0.86 Returns in Down Markets 35 5.25 10.5 3.72 -11.35 6.27
POLICY 95 0.95 Policy Fund 4.41   0.58 7.03 -0.68 -14.45 -0.17
13.96 4 R1000G -0.61 R1000G 2004 Policy R1000V -14.96 R2000V
66 8 Ratio 2003 FUND -3.27 -0.0327 17   22.75   5 -17.49 8
22.41 50 3 Yr UNIVERSE -5.87 23   18.8 15 2007 12
17.21   -8.57 -31.2 POLICY -9.98 -0.0998 50   16.25   65 12.37 60
14.97 7.4 -35.5 2008 -22.79 12.42 -8.72 55 -24.89
13.26   15.97 88 -17.28 16.32 7.19 14.19 6.08 22.7
11.01 -8.71 5 Yr 10 39.11 2003 22.91 100 47.59
2001 FUND 2004 20.04 9.37 ################################## -20.88   -45.64   29.19 -23.56 23.98 -38.89
UNIVERSE 23.62 1 ################################## 32 20.58   24.16 Standard Deviation 10.43 15.39 21.44
POLICY 19.76 0.1976 0 3/27/1900 -15.25   1   20.71 1 12.62 1
17.24 1 10 Yr -20.07 0 16.94 0 9.91 0
15.21 0.13 -27.9 2002 FUND -22.53 -0.2253 1 11.52   1 7.04 1
12.19 1.25 -35.5 UNIVERSE -25.72 -0.33 2002 0.39 2006 -0.13
2003   0 78.7 POLICY -29.44 -0.2944 -6.83 -2.55   4.03 9.21 -2.89
27.84 Diff 12/31/1997 2007 0 -11.88 0 55 0
25.03   0 Incept 19.32 Diff -17.2 Diff 14 Diff
23.22 0 -27 46 -2 -20.77 3 1 -1
2000 FUND 20.96 0.2096 0 -34.3 19.35   2 -27.68 -3 13.25 1
UNIVERSE 18.02 -0.9 78.7 46 0 18.97 -30 11.5 -20
POLICY 2002 20.02 0.19 27.74   -0.32 16.22 0.59 9.78 -2.22
-5.31 1.09 21.53 -2 13.84 0.62 6.28 -2.11
-10.93 -4 2001 FUND 18.79 0.1879 -1.68 13.19 0.03 -2.91 0.11
-13.63 -0.19 UNIVERSE 15.69 9.19 2003 -0.14 2005 5.78
-15.7   -0.09 POLICY 10.15 0.1015 -3.19 29.45 -0.58 12.93 -0.54
-18.62 -2.35 2006 -0.18 24.5 -0.12 91 -0.07
2001   -0.13 4.42 2.14 23.64 -1.57 17.75 -1.04
4.41 -0.32 65 -0.05 20.59 -0.13 71 -0.09
1999 FUND -3.06 -0.0306 -3.15 6.03   0.11 16.24 -0.24 24.63 -0.06
UNIVERSE -8.63 3.47 49 2.21 2002 -2.31 21.81 -1.38
POLICY -15.13 -0.1513 Incept 11.56   5.25 -8.3 3.72 20.3 6.27
-20.75 # of Negative Qtrs 8.5 Incept -14.37 Incept 16.98 Incept
2000 # of Positive Qtrs 2000 FUND 5.96 0.0596 # of Negative Qtrs -17.9 # of Negative Qtrs 11.37 # of Negative Qtrs
22.04 Batting Average UNIVERSE 3.16 # of Positive Qtrs -20.69 # of Positive Qtrs 2004 # of Positive Qtrs
15.71 Worst Qtr POLICY -3.37 -0.0337 Batting Average -22.62 Batting Average 33.25 Batting Average
11.94 Best Qtr 2005 Worst Qtr 2001 Worst Qtr 24.88 Worst Qtr
7.53 Range 12.97 Best Qtr 7.8 Best Qtr 22.79 Best Qtr
2.05 Worst 4 Qtrs 63 Range -2.53 Range 19.56 Range
1998 FUND 30.71 Standard Deviation 11.6 Worst 4 Qtrs -10.48 Worst 4 Qtrs 13.41 Worst 4 Qtrs
UNIVERSE 16 Beta 74 Standard Deviation -26.59 Standard Deviation 2003 Standard Deviation
POLICY 28.58 Annualized Alpha 26.56 Beta -27.09 Beta 36.11 Beta
25 R-Squared 18.97 Annualized Alpha 2000 Annualized Alpha 29.71 Annualized Alpha
35.85 Sharpe Ratio 14.4 R-Squared 26.23 R-Squared 26.15 R-Squared
28.5 Treynor Ratio 11.48 Sharpe Ratio 16.75 Sharpe Ratio 22.71 Sharpe Ratio
25.14 Tracking Error 7.67 Treynor Ratio 12.87 Treynor Ratio 14.77 Treynor Ratio
17.48 Information Ratio 2004 Tracking Error 7.17 Tracking Error 2002 Tracking Error
7.55 Fund 4.45 Information Ratio 1.36 Information Ratio 9.49 Information Ratio
1997 6 88 Fund Fund 2.65 Fund
36.26 10 7.51 17 9 -2.41 8
32.81 43.75 63 31 14 -6.84 15
30.27 -9.47 17.89 47.92 43.48 -14.06 39.13
25.81 9.74 11.72 -23.11 -8.13 -27.11
15.95 19.21 8.74 21.83 17.8 20.59
1996 -12.71 6.26 44.94 25.93 47.7
28.82 8.97 2.04 -36.45 -23.7 -33.11
23.34 0.89 2003 18.53 10.39 20.34
21.69 -1.22 20.02 0.82 0.9 0.93
18.67 0.86 63 2.32 -0.71 -0.0071 -0.13 -0.0013
13.52 0.05 25.91 0.96 0.88 0.89
0.53 19 0.05 0.4 -0.04
3.51 34.24 1.1 4.58 -0.77
-0.57 24.4 5.56 3.78 6.89
Policy 21.58 0.42 -0.43 -0.06
6 18.63 R1000G R1000V R2000V
10 13.1 19 6 8
56.25 2002 29 17 15
-8.57 -17.69 52.08 56.52 60.87
10.43 19 -22.79 -8.72 -24.89
19 -22.51 26.74 17.27 22.7
-8.71 60 49.53 25.99 47.59
9.37 -12.54 -45.64 -23.56 -38.89
1 -18.67 22.24 10.79 20.72
0 -21.5 1 1 1
1 -24.59 0 0 0
0.26 -30.7 1 1 1
2.46 -0.06 0.53 -0.02
0 -1.44 5.76 -0.33
Diff 0 0 0
0 Diff Diff Diff
0 -2 3 0
-12.5 2 -3 0
-0.9 -4.16 -13.04 -21.74
-0.69 -0.32 0.59 -2.22
0.21 -4.91 0.53 -2.11
-4 -4.59 -0.06 0.11
-0.4 9.19 -0.14 5.78
-0.11 -3.71 -0.4 -0.38
-1.22 -0.18 -0.1 -0.07
-0.14 2.32 -0.71 -0.13
-0.21 -0.04 -0.12 -0.11
-1.93 0.11 -0.13 -0.02
3.51 2.54 -1.18 -0.44
3.51 5.56 3.78 6.89