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 June 30, 2005 Batting Average
Returns are gross of fees. Incept is December 31, 1997 to June 30, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2005 Batting Average Account Reconciliation Trailing Returns through June 30, 2005 Worst Qtr
Account Reconciliation Trailing Returns through June 30, 2005 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2005 Worst Qtr Account Reconciliation Trailing Returns through June 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 6/30/2005 Return Beta
6/30/2005 Return Beta 6/30/2005 Return Beta 6/30/2005 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 18,708 Universe R-Squared
42,491 Universe R-Squared 27,944 Universe R-Squared 12,653 Universe R-Squared -16 5th %-tile Sharpe Ratio
-34 5th %-tile Sharpe Ratio 133 5th %-tile Sharpe Ratio -161 5th %-tile Sharpe Ratio 348 25th %-tile Treynor Ratio
731 25th %-tile Treynor Ratio 356 25th %-tile Treynor Ratio 361 25th %-tile Treynor Ratio 19,041 50th %-tile Tracking Error
43,188 50th %-tile Tracking Error 28,434 50th %-tile Tracking Error 12,854 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 5
43,096 2 Qtrs 5 28,245   2 Qtrs   4 13,210   2 Qtrs   3 -224 -0.05 7
-221 0.73   7 217   -0.05   8 -675   2.51 9 -11 63   41.67
313 37 41.67 -28   41   33.33 318   16   33.33 19,041 0.3 -5.61
43,188 0.75   -7.44 28,434 -0.5   -17.97 12,854 2.52 -2.27 35,795 47   6.85
12/31/1997 36 8.62 12/31/1997 58 14.93 12/31/1997 16 5.39 Incept 2.71 12.46
Incept 2.76 16.06 Incept 3.38 32.9 Incept 3 7.66 15,998 0.99 2.65
15,998 1.2 3.74 10,999 0.72 -1.8 4,811 2.28 0.09 -6,370 0.23 7.11
13,215 0.41 8.48 10,803 -0.29 16.89 961 1.6 3.86 9,412 -0.49 0.85
13,974 -0.18 0.84 6,631     -1.23 0.99 7,082     0.98 0.94 19,041  19,041,000 -1.61 -1.06
43,188  43,188,000 -1.17 0.36 28,434   28,434,000 -2.95 -0.5 12,854   12,854,000 0.04 0.09 Investment Policy     3 Qtrs 0.92
Investment Policy 3 Qtrs 0.98 Investment Policy 3 Qtrs 0.99 Investment Policy 3 Qtrs 0.99 Index 6.57 0.56
Index 7.74 0.67 Index 10.73 0.41 Index 3.38 1.15 S&P 500 35 4.71
S&P 500 29 6.8 S&P 500 30 6.99 Lehman Aggregate Bond 36 4.73 Lehman Gov/Credit-Intermediate 5.53 2.36
Lehman Aggregate Bond 7.07 2.01 Russell 2000 Value 9.35 1.54 Total 3.5 0.39 Total 57 -0.98
Russell 2000 Value 43 -0.43 Total 56 -0.44 Weight 32 -0.74 Weight 10.28 Policy
Total 10.29 Policy Weight 15.32 Policy 100 6.06 LBAB 55 7.17 4
Weight 7.97 4 83.3 11.09 4 100 3.72 3 45 5.74 8
50 6.83 8 16.7 9.57 8 Trailing Returns through June 30, 2005 2.97 9 100 4.73 58.33
40 6.02 58.33 100 8.42 66.67 Fund 1.71 66.67 Trailing Returns through June 30, 2005 3.39 -6.08
10 4.62 -9.11 Trailing Returns through June 30, 2005 5.94 -17.68 LBAB 0.94 -2.44 Fund 1 Yr 9.59
100 1 Yr 10.54 Fund   1 Yr   16.08 Diff   1 Yr   5.88 Policy 1 Yr FUND 4.68 0.0468 15.67
Trailing Returns through June 30, 2005 1 Yr FUND 6.82 0.0682 19.65 Policy 1 Yr FUND 7.33 0.0733 33.76 1 Yr 1 Yr FUND 6.45 0.0645 8.32 Diff UNIVERSE 46   3.56
Fund UNIVERSE 48 4.18 Diff UNIVERSE 54 -0.8 6.45 UNIVERSE 39 0.33 1 Yr POLICY 5.73 0.0573 8.04
Policy POLICY 7.46 0.0746 9.95 1 Yr POLICY 7.68 0.0768 17.06 6.81 POLICY 6.81 0.0681 4.1 4.68 31   1
Diff 39 1 7.33 47 1 -0.36 31 1 5.73 9.46 0
1 Yr 10.79 0 7.68 13.71 0 2 Yr 10.89 0 -1.05 6.27 1
6.82 8.25 1 -0.35 9.9 1 3.22 7.23 1 2 Yr 4.43 0.78
7.46 6.67 0.66 2 Yr 7.51 0.44 3.52 5.83 1.16 5.91 3.14 6.31
-0.64 5.28 6.57 13.88 5.59 7.59 -0.3 3.38 4.74 7.95 1.37 0
2 Yr 3.17 0 14.35 2.42 0 3 Yr 1.8 0 -2.04 2 Yr Diff
8.95 2 Yr Diff -0.47 2 Yr Diff 1/5/1900 2 Yr Diff 3 Yr 5.91 1
10.03 8.95   1 3 Yr 13.88     0 6.21 3.22   0 5.47 71   -1
-1.08 71 -1 8.39 59   0 -0.29 45 0 7.78 7.95 -16.66
3 Yr 10.03   -16.66 9.06 14.35     -33.34 4 Yr 3.52   -33.34 -2.31 28   0.47
7.18 48 1.67 ################################## 50 -0.29 1/6/1900 38 0.17 4 Yr 11.36 -2.74
8.04 13.78 -1.92 4 Yr 19.36 -1.15 6.71 10.23 -0.49 2.67 8.33 -3.21
############################## 11.21 -3.59 1.75 16.03 -0.86 -0.03 4.36 -0.66 1/4/1900 6.74 -0.91
4 Yr 9.93 -0.44 2.01 14.32 -1 5 Yr 3.01 -0.24 -1.68 5.74 -0.93
3.9 8.7 -1.47 -0.26 12.38 -0.17 7.59 1.71 -0.24 5 Yr 4.25 -0.15
4.12 6.99 -0.16 5 Yr 9.87 -0.01 1/7/1900 0.9 -0.06 0.69 3 Yr -1.06
-0.22 3 Yr 0.36 -1.87 3 Yr -0.5 0.02 3 Yr 0.09 3 3 YR FUND 5.47 0.0547 -0.08
5 Yr 3 YR FUND 7.18 0.0718 -0.02 -1.93 3 YR FUND 8.39 0.0839 -0.01 6 Yr 3 YR FUND 5.92 0.0592 -0.01 -2.31 UNIVERSE 72   -0.22
2.21 UNIVERSE 53 0.01 0.06 UNIVERSE 56 -0.03 1/7/1900 UNIVERSE 33 -0.01 6 Yr POLICY 7.78 0.0778 -1.6
2.06 POLICY 8.04 0.0804 0.23 6 Yr POLICY 9.06 0.0906 -0.6 1/7/1900 POLICY 6.21 0.0621 -0.01 2.65 21   2.36
0.15 36 2.01 ################################## 42 1.54 0.01 30 0.39 1/3/1900 9.32 5 Yr 5 Yr
6 Yr 10.81 5 Yr 5 Yr -0.55 12.55 5 Yr 5 Yr 7 Yr 13.16 5 Yr 5 Yr ################################ 7.52 # of Negative Qtrs
1/2/1900 8.49 # of Negative Qtrs -0.85 10.02 # of Negative Qtrs 1/6/1900 6.78 # of Negative Qtrs 7 Yr 6.35 # of Positive Qtrs
2.69 7.32 # of Positive Qtrs 7 Yr 8.62 # of Positive Qtrs 6.4 4.95 # of Positive Qtrs 4.92 5.33 Batting Average
-0.23 6.26 Batting Average 1/1/1900 7.36 Batting Average 0.11 3.38 Batting Average 1/4/1900 4.07 Worst Qtr
7 Yr 4.77 Worst Qtr 2.48 5.49 Worst Qtr 8 Yr 9 Yr 10 Yr 1.86 Worst Qtr 0.45 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 2.67 Range
4.37 3.9 Range 8 Yr 9 Yr 10 Yr 1.75 Range Incept 6.68 Range 12/31/1997 44 Worst 4 Qtrs
############################## 41 Worst 4 Qtrs 12/31/1997 56 Worst 4 Qtrs 6.64 25 Worst 4 Qtrs Incept 4.35 Standard Deviation
8 Yr 9 Yr 10 Yr 4.12 Standard Deviation Incept 2.01 Standard Deviation 6.55 6.71 Standard Deviation 1/6/1900 15 Beta
12/31/1997 35 Beta 3.73 51 Beta 0.09 24 Beta 5.27 5.45 Annualized Alpha
Incept 6.66 Annualized Alpha 4.57 5.8 Annualized Alpha Calendar Year Returns 9.95 Annualized Alpha 1/1/1900 3.63 R-Squared
5.66 4.55 R-Squared -0.84 3.61 R-Squared Fund 6.59 R-Squared Calendar Year Returns 2.3 Sharpe Ratio
5.69 3.39 Sharpe Ratio Calendar Year Returns 2.06 Sharpe Ratio LBAB 5.54 Sharpe Ratio Fund 1.29 Treynor Ratio
-0.03 2.48 Treynor Ratio Fund 0.79 Treynor Ratio Diff 4.14 Treynor Ratio Policy 0.19 Tracking Error
Calendar Year Returns 1.11 Tracking Error Policy -1.47 Tracking Error 6/30/2005 2.49 Tracking Error Diff 5 Yr Information Ratio
Fund 5 Yr Information Ratio Diff 5 Yr Information Ratio Qtr 5 Yr Information Ratio 6/30/2005 5 YR FUND 0.69 0.0069 Fund
Policy 5 YR FUND 2.21 0.0221 Fund 6/30/2005 5 YR FUND -1.87 -0.0187 Fund 2.86 5 YR FUND 7.59 0.0759 Fund Qtr UNIVERSE 34   9
Diff UNIVERSE 37 9 Qtr UNIVERSE 60 9 3.01 UNIVERSE 16 4 1.86 POLICY 3 0.03 11
6/30/2005 POLICY 2.06 0.0206 11 1.29 POLICY -1.93 -0.0193 11 -0.15 POLICY 7.57 0.0757 16 1/1/1900 10   Batting Average 40
Qtr 41 Batting Average 60 1/2/1900 61 Batting Average 40 2005 17 Batting Average 45 -0.02 3.53 -7.29
1.72 5.56 -7.44 -0.71 4.5 -17.97 YTD 8.95 -2.27 2005 1.2 6.85
2.43 2.94 8.62 2005 0.75 14.93 1/2/1900 7.12 5.39 YTD -0.08 14.14
-0.71 1.55 16.06 YTD -1.35 32.9 2.52 6.22 7.66 -0.05 -1.19 -13.1
2005 0.42 -9.99 -0.05 -2.76 -26 -0.01 4.95 0.09 0.3 -3.07 Standard Deviation 8.34
YTD -1.54 Standard Deviation 8.66 -0.5 -5.79 Standard Deviation 17.93   6/26/1905 3.32 Standard Deviation 4 -0.35 6 Yr Beta 0.96
0.73 6 Yr Beta 0.85 1/0/1900 6 Yr Beta 0.99   4.09 6 Yr Beta 0.95   2004 2.65 Annualized Alpha -2.13 -0.0213
0.75 2.46 Annualized Alpha 0.4 0.004 2004 -1.4 Annualized Alpha 0.05 0.0005 4.34 7.03 Annualized Alpha 0.37 0.0037 5.27 38 R-Squared 0.91  
############################## 46 R-Squared 0.98 11.14 80 R-Squared 0.99 -0.25 14 R-Squared 0.99 1/7/1900 3.75 -0.22
2004 2.69 -0.03 1/12/1900 -0.55 -0.24 2003 7.02 1.27 -2.1 23 -1.88
8.25 42 -0.33 ################################## 63 -4.4 1/4/1900 14 5.37 2003 6 2.57
9.14 5.93 1.91 2003 6.28 1.55 4.11 8.18 0.41 13.64 3.54 -0.9
############################## 3.33 0.08 29.32 1.54 0.04 0.02 6.51 0.05 1/17/1900 2.01 Policy Policy
2003 2.31 Policy Policy 30.42 0.09 Policy Policy 2002 5.78 Policy LBAB -4.01 1.01 9
16.85 1.58 9 -1.1 -1.09 9 10.98 4.7 5 2002 -1.08 11
19.45 0.34 11 2002 -2.8 11 1/10/1900 3.4 15 -6.4 7 Yr 60
-2.6 7 Yr 40 -21.11 7 Yr 60 0.03 7 Yr 55 -6.27 4.92 -6.08
2002 4.12 -9.11 -21 1.47 -17.68 2001 6.51 -2.44 -0.13 15 9.59
-7.7 39 10.54 -0.11 80 16.08 8.79 10 5.88 2001 4.47 15.67
-9.09 4.37 19.65 2001 2.48 33.76 8.43 6.4 8.32 -4.46 22 -8.19
1.39 31 -12.48 -12.36 59 -26.85 0.36 11 0.33 -1.65 6.14 Standard Deviation 8.25
2001 6.68 Standard Deviation 10.14 -13.47 7.83 Standard Deviation 18.01 2000 6.93 Standard Deviation 4.18 -2.81 4.29 1
-3.37 4.61 1 1.11 4.23 1 11.24 5.89 1 2000 3.2 0
-4.78 3.75 0 2000 2.76 0 11.95 5.27 0 1.47 2.17 1
1.41 3.06 1 -6.79 1.69 1 -0.71 4.48 1 1.22 0.52 0.06
2000 1.72 -0.04 -9.85 -0.3 -0.25 1999 3.29 1.22 0.25 8 Yr 0.51
0.7 8 Yr -0.43 3.06 8 Yr -4.42 -1.19 8 Yr 5.08 1999 7.36 0
-1.52 7.95 0 6/21/1905 8.58 0 ################################## 7.46 0 15.52 5.42 Diff
2.22 6.51 Diff