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 March 31, 2005 Batting Average
Returns are gross of fees. Incept is December 31, 1997 to March 31, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to March 31, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to March 31, 2005 Batting Average Account Reconciliation Trailing Returns through March 31, 2005 Worst Qtr
Account Reconciliation Trailing Returns through March 31, 2005 Worst Qtr Account Reconciliation Trailing Returns through March 31, 2005 Worst Qtr Account Reconciliation Trailing Returns through March 31, 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 3/31/2005 Return Beta
3/31/2005 Return Beta 3/31/2005 Return Beta 3/31/2005 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 19,276 Universe R-Squared
43,096 Universe R-Squared 28,245 Universe R-Squared 13,210 Universe R-Squared -208 5th %-tile Sharpe Ratio
-187 5th %-tile Sharpe Ratio 83 5th %-tile Sharpe Ratio -514 5th %-tile Sharpe Ratio -359 25th %-tile Treynor Ratio
-418 25th %-tile Treynor Ratio -385 25th %-tile Treynor Ratio -43 25th %-tile Treynor Ratio 18,708 50th %-tile Tracking Error
42,491 50th %-tile Tracking Error 27,944 50th %-tile Tracking Error 12,653 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 6
43,096 2 Qtrs 6 28,245   2 Qtrs   5 13,210   2 Qtrs   3 -208 4.63 6
-187 5.92   6 83   9.32   7 -514   0.5 9 -359 19   41.67
-418 20 50 -385   18   33.33 -43   52   41.67 18,708 3.58 -5.61
42,491 4.53   -7.44 27,944 7.2   -17.97 12,653 0.48 -2.27 35,795 39   6.85
12/31/1997 62 8.62 12/31/1997 64 14.93 12/31/1997 54 5.39 Incept 6.22 12.46
Incept 7.2 16.06 Incept 11.29 32.9 Incept 3.57 7.66 15,998 4.13 -7.44
15,998 5.69 -9.47 10,999 8.69 -25.12 4,811 1.12 0.09 -6,354 3.23 8.04
13,250 4.82 9.34 10,670 7.51 18.77 1,121 0.54 4.05 9,065 2.29 0.87
13,243 4.13 0.86 6,275     6.68 1 6,721     0.05 0.96 18,708  18,708,000 1.22 -1.67
42,491  42,491,000 2.88 0.24 27,944   27,944,000 4.37 -0.66 12,653   12,653,000 -0.54 0.13 Investment Policy     3 Qtrs 0.94
Investment Policy 3 Qtrs 0.98 Investment Policy 3 Qtrs 0.99 Investment Policy 3 Qtrs 0.99 Index 2.77 0.19
Index 5.01 0.35 Index 5.96 0.1 Index 3.49 1.22 S&P 500 35 1.72
S&P 500 44 3.85 S&P 500 43 1.91 Lehman Aggregate Bond 42 5.16 Lehman Gov/Credit-Intermediate 3.77 2.34
Lehman Aggregate Bond 4.91 2.02 Russell 2000 Value 5.57 1.55 Total 3.69 0.43 Total 22 -1.03
Russell 2000 Value 47 -0.22 Total 51 -0.46 Weight 37 -0.3 Weight 5.85 Policy
Total 8.09 Policy Weight 10.48 Policy 100 8.2 LBAB 55 3.29 5
Weight 5.92 5 83.3 7.29 5 100 4.33 3 45 1.83 7
50 4.71 7 16.7 5.59 7 Trailing Returns through March 31, 2005 3.27 9 100 0.77 58.33
40 3.54 50 100 3.99 66.67 Fund 1.7 58.33 Trailing Returns through March 31, 2005 -1.05 -6.08
10 1.4 -9.11 Trailing Returns through March 31, 2005 0.47 -17.68 LBAB 0.78 -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 2.65 0.0265 15.67
Trailing Returns through March 31, 2005 1 Yr FUND 5 0.05 19.65 Policy 1 Yr FUND 7.39 0.0739 33.76 1 Yr 1 Yr FUND 1.14 0.0114 8.32 Diff UNIVERSE 29   -6.91
Fund UNIVERSE 47 -11.04 Diff UNIVERSE 43 -24.41 1.14 UNIVERSE 49 0.33 1 Yr POLICY 3.56 0.0356 8.93
Policy POLICY 4.88 0.0488 10.81 1 Yr POLICY 7.25 0.0725 18.77 1.16 POLICY 1.16 0.0116 4.21 2.65 19   1
Diff 49 1 7.39 44 1 -0.02 48 1 3.56 5.49 0
1 Yr 8.45 0 7.25 12.04 0 2 Yr 7.3 0 -0.91 2.9 1
5 6.08 1 0.14 8.61 1 3.11 2.25 1 2 Yr 1.38 0.44
4.88 4.81 0.35 2 Yr 6.98 0.14 3.26 1.06 1.21 8.47 0.22 3.9
0.12 3.52 3.76 21.3 5.08 2.62 -0.15 0.14 5.08 11.96 -2.14 0
2 Yr 1.17 0 21.99 1.7 0 3 Yr -0.87 0 -3.49 2 Yr Diff
12.58 2 Yr Diff -0.69 2 Yr Diff 1/6/1900 2 Yr Diff 3 Yr 8.47 1
14.3 12.58   1 3 Yr 21.3     0 6.46 3.11   0 2.88 80   -1
-1.72 83 -1 3.29 61   0 -0.13 43 0 5.28 11.96 -16.66
3 Yr 14.3   0 4 21.99     -33.34 4 Yr 3.26   -16.66 -2.4 21   0.47
4.69 58 1.67 ################################## 51 -0.29 1/6/1900 40 0.17 4 Yr 13.9 -2.74
5.14 19.45 -1.92 4 Yr 27.79 -1.15 5.97 14.31 -0.49 3.16 11.24 -3.21
############################## 16.64 -3.59 2.84 24.42 -0.86 0.08 4.58 -0.66 1/4/1900 9.93 -0.53
4 Yr 14.8 1.57 2.68 22.03 -0.71 5 Yr 2.75 -0.24 -1.5 8.69 -0.89
4.27 13.31 -1.47 0.16 19.46 0 7.34 1.61 -0.16 5 Yr 7.35 -0.13
4.29 10.7 -0.14 5 Yr 15.97 0 1/7/1900 0.74 -0.04 0.27 3 Yr -1.67
-0.02 3 Yr 0.24 -2.66 3 Yr -0.66 0.12 3 Yr 0.13 2.48 3 YR FUND 2.88 0.0288 -0.06
5 Yr 3 YR FUND 4.69 0.0469 -0.02 -2.89 3 YR FUND 3.29 0.0329 -0.01 6 Yr 3 YR FUND 6.33 0.0633 -0.01 -2.21 UNIVERSE 56   -0.25
1.69 UNIVERSE 46 0 0.23 UNIVERSE 61 -0.04 1/6/1900 UNIVERSE 27 0.01 6 Yr POLICY 5.28 0.0528 -2.18
1.36 POLICY 5.14 0.0514 0.09 6 Yr POLICY 4 0.04 -0.71 1/6/1900 POLICY 6.46 0.0646 0.08 2.92 16   2.34
0.33 38 2.02 ################################## 49 1.55 0.03 26 0.43 1/3/1900 6.73 5 Yr 5 Yr
6 Yr 7.78 5 Yr 5 Yr 0.25 8.38 5 Yr 5 Yr 7 Yr 10.88 5 Yr 5 Yr ################################ 4.37 # of Negative Qtrs
1/2/1900 5.75 # of Negative Qtrs -0.76 5.28 # of Negative Qtrs 1/6/1900 6.47 # of Negative Qtrs 7 Yr 3.15 # of Positive Qtrs
2.92 4.52 # of Positive Qtrs 7 Yr 3.9 # of Positive Qtrs 6.34 5.18 # of Positive Qtrs 5.49 2.07 Batting Average
-0.03 3.5 Batting Average 1/1/1900 2.38 Batting Average 0.1 3.74 Batting Average 1/4/1900 0.59 Worst Qtr
7 Yr 1.78 Worst Qtr 2.67 0.04 Worst Qtr 8 Yr 9 Yr 10 Yr 2.01 Worst Qtr 0.88 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 3.16 Range
4.46 4.27 Range 8 Yr 9 Yr 10 Yr 2.84 Range Incept 6.05 Range 12/31/1997 31 Worst 4 Qtrs
############################## 35 Worst 4 Qtrs 12/31/1997 50 Worst 4 Qtrs 6.46 23 Worst 4 Qtrs Incept 4.66 Standard Deviation
8 Yr 9 Yr 10 Yr 4.29 Standard Deviation Incept 2.68 Standard Deviation 6.34 5.97 Standard Deviation 1/6/1900 11 Beta
12/31/1997 35 Beta 3.68 54 Beta 0.12 24 Beta 5.19 5.7 Annualized Alpha
Incept 7.02 Annualized Alpha 4.44 7.68 Annualized Alpha Calendar Year Returns 8.85 Annualized Alpha 1/1/1900 3.51 R-Squared
5.61 4.67 R-Squared -0.76 4.53 R-Squared Fund 5.88 R-Squared Calendar Year Returns 2.4 Sharpe Ratio
5.54 3.76 Sharpe Ratio Calendar Year Returns 2.81 Sharpe Ratio LBAB 4.92 Sharpe Ratio Fund 1.23 Treynor Ratio
0.07 2.83 Treynor Ratio Fund 1.52 Treynor Ratio Diff 3.93 Treynor Ratio Policy -0.31 Tracking Error
Calendar Year Returns 1.35 Tracking Error Policy -1.09 Tracking Error 3/31/2005 2.52 Tracking Error Diff 5 Yr Information Ratio
Fund 5 Yr Information Ratio Diff 5 Yr Information Ratio Qtr 5 Yr Information Ratio 3/31/2005 5 YR FUND 0.27 0.0027 Fund
Policy 5 YR FUND 1.69 0.0169 Fund 3/31/2005 5 YR FUND -2.66 -0.0266 Fund -0.34 5 YR FUND 7.34 0.0734 Fund Qtr UNIVERSE 25   10
Diff UNIVERSE 37 10 Qtr UNIVERSE 48 10 -0.47 UNIVERSE 14 4 -1.87 POLICY 2.48 0.0248 10
3/31/2005 POLICY 1.36 0.0136 10 -1.33 POLICY -2.89 -0.0289 10 0.13 POLICY 7.22 0.0722 16 ################################ 5   Batting Average 45
Qtr 41 Batting Average 65 ################################## 52 Batting Average 45 2005 16 Batting Average 50 -0.31 2.36 -7.29
-0.98 5.25 -7.44 1.12 3.77 -17.97 YTD 8.28 -2.27 2005 0.24 6.85
-1.64 2.59 8.62 2005 0.44 14.93 ################################## 6.81 5.39 YTD -1.05 14.14
0.66 0.87 16.06 YTD -2.83 32.9 -0.47 6.01 7.66 -1.87 -2.24 -13.1
2005 -0.34 -9.99 -1.33 -4.21 -26 0.13 4.87 0.09 -1.56 -4.63 Standard Deviation 8.31
YTD -2.26 Standard Deviation 8.67 -2.45 -7.28 Standard Deviation 17.95   6/26/1905 3.33 Standard Deviation 3.97 -0.31 6 Yr Beta 0.96
-0.98 6 Yr Beta 0.85 1/1/1900 6 Yr Beta 0.99   4.09 6 Yr Beta 0.95   2004 2.92 Annualized Alpha -2.05 -0.0205
-1.64 2.89 Annualized Alpha 0.47 0.0047 2004 -0.51 Annualized Alpha 0.22 0.0022 4.34 6.34 Annualized Alpha 0.45 0.0045 5.27 24 R-Squared 0.9  
1/0/1900 42 R-Squared 0.98 11.14 73 R-Squared 0.99 -0.25 15 R-Squared 0.99 1/7/1900 3.66 -0.29
2004 2.92 -0.11 1/12/1900 0.25 -0.3 2003 6.31 1.18 -2.1 18 -2.47
8.25 41 -1.12 ################################## 58 -5.35 1/4/1900 15 4.95 2003 6.18 2.59
9.14 5.91 1.89 2003 6.6 1.51 4.11 7.39 0.43 13.64 2.82 -0.85
############################## 3.64 0.17 29.32 2.64 0.15 0.02 5.89 0.28 1/17/1900 1.6 Policy Policy
2003 2.62 Policy Policy 30.42 0.76 Policy Policy 2002 5.22 Policy LBAB -4.01 0.66 10
16.85 1.68 10 -1.1 -0.68 10 10.98 4.41 5 2002 -1.68 10
19.45 0.23 10 2002 -2.94 10 1/10/1900 3.38 15 -6.4 7 Yr 55
-2.6 7 Yr 35 -21.11 7 Yr 55 0.03 7 Yr 50 -6.27 5.49 -6.08
2002 4.39 -9.11 -21 1.88 -17.68 2001 6.44 -2.44 -0.13 7 9.59
-7.7 29 10.54 -0.11 69 16.08 8.79 9 5.88 2001 4.61 15.67
-9.09 4.46 19.65 2001 2.67 33.76 8.43 6.34 8.32 -4.46 13 -8.19
1.39 28 -12.48 -12.36 51 -26.85 0.36 11 0.33 -1.65 5.9 Standard Deviation 8.26
2001 6.13 Standard Deviation 10.13 -13.47 7.7 Standard Deviation 18.02 2000 6.75 Standard Deviation 4.16 -2.81 3.85 1
-3.37 4.55 1 1.11 3.97 1 11.24 5.75 1 2000 2.82 0
-4.78 3.81 0 2000 2.74 0 11.95 5.19 0 1.47 1.92 1
1.41 3.04 1 -6.79 1.4 1 -0.71 4.5 1 1.22 0.58 -0.02
2000 1.68 -0.13 -9.85 -0.87 -0.31 1999 3.24 1.1 0.25 8 Yr -0.16
0.7 8 Yr -1.28 3.06 8 Yr -5.53 -1.19 8 Yr 4.58 1999 7.88 0
-1.52 8.97 0 6/21/1905 10.67 0 ################################## 7.63 0 15.52 5.95 Diff
2.22 7.48 Diff 8.77