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%BLCC 20%BLCVC 10%BSCVC,10%BSC,25%IFI15%BFI 21 24 33.33BLCGC,33.33LBCVC,16.67%BSCVC,16.67%BSC 26 29 62.5% Intermediate FI, 37.5% Broad FI 31 Inception date is December 31, 1997 33.33% Broad LC Growth Core Eq., 66.67% IFI 3 Yr
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 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 June 30, 2008 Batting Average
Returns are net of fees. Incept is December 31, 1997 to June 30, 2008 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2008 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2008 Batting Average Account Reconciliation Trailing Returns through June 30, 2008 Worst Qtr
Account Reconciliation Trailing Returns through June 30, 2008 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2008 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2008 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 6/30/2008 Return Beta
6/30/2008 Return Beta 6/30/2008 Return Beta 6/30/2008 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 17,032 Universe R-Squared
51,701 Universe R-Squared 24,330 Universe R-Squared 20,449 Universe R-Squared 231 5th %-tile Sharpe Ratio
209 5th %-tile Sharpe Ratio 207 5th %-tile Sharpe Ratio 532 5th %-tile Sharpe Ratio -98 25th %-tile Treynor Ratio
-33 25th %-tile Treynor Ratio -82 25th %-tile Treynor Ratio -174 25th %-tile Treynor Ratio 17,165 50th %-tile Tracking Error
51,877 50th %-tile Tracking Error 24,455 50th %-tile Tracking Error 20,806 50th %-tile Tracking Error 2,008 75th %-tile Information Ratio
2008 75th %-tile Information Ratio 2008 75th %-tile Information Ratio 2008 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund 18,533 1 Yr 3
54,074 1 Yr 4 33,783   1 Yr   4 19,418   1 Yr   5 -1,432 4.69 0.0469 9
1,045 -3.99 -0.0399 8 -5,028   -11.96 -0.1196 8 323   9.32 0.0932 7 64 1   41.67
-3,241 4 50 -4,300   24   50 1,065   2   58.33 17,165 -0.44 -0.0044 -2.32
51,877 -4.97 -0.0497 -3.47 24,455 -12.9 -0.129 -7.54 20,806 7.41 0.0741 -0.84 35,795 27   4.24
12/31/1997 11 4.06 12/31/1997 38 6.31 12/31/1997 6 3.63 Incept 1.96 6.56
Incept -4.11 7.53 Incept -9.2 13.85 Incept 7.47 4.47 15,998 -0.3 3.12
15,998 -5.9 -3.99 10,999 -12.06 -11.96 4,811 4.96 -0.36 -11,229 -2.48 3.83
16,455 -7.08 5.78 3,262 -13.57 9.91 6,266 3.27 2.81 12,396 -4.28 0.69
19,424 -8.73 0.94 10,194     -15.44 0.93 9,729     1.34 0.97 17,165  17,165,000 -7.46 2.04
51,877  51,877,000 -10.59 -0.05 24,455   24,455,000 -17.92 -0.28 20,806   20,806,000 -2.65 0.7 Investment Policy     2 Yr 0.8
Investment Policy 2 Yr 0.94 Investment Policy 2 Yr 0.96 Investment Policy 2 Yr 0.96 Index 6.89 0.0689 0.39
Index 4.23 0.0423 0.03 Index 2.33 0.0233 -0.01 Index 7.59 0.0759 0.27 Lehman Gov/Credit-Intermediate 6 2.19
Lehman Gov/Credit-Intermediate 8 0.19 Russell 1000 Value 31 -0.11 Lehman Gov/Credit-Intermediate 1 0.78 Russell 1000 Growth 6.06 0.0606 2.31
Russell 1000 Value 4.25 0.0425 1.51 Russell 1000 Growth 2.17 0.0217 2.16 LBAB A+ 6.91 0.0691 0.55 Total 15 0.21
Russell 1000 Growth 8 -0.23 S&P Midcap 400 37 -0.27 Total 4 1.09 Weight 6.95 Policy
Other 4.41 Policy Russell 2000 Value 4.22 Policy Weight 6.64 Policy 66.67 5.28 3
Weight 3.43 4 Weight 2.55 4 62.5 5.3 5 33.33 4.34 9
25 2.76 8 33.33 1.68 8 37.5 4.3 7 100 3.38 58.33
20 1.98 50 33.33 0.4 50 100 3.26 41.67 Trailing Returns through June 30, 2008 1.75 -4.33
20 0.6 -4.29 16.67 -1.39 -8.86 Trailing Returns through June 30, 2008 0.96 -1.37 Fund 3 Yr 3.71
35 3 Yr 4.72 16.67   3 Yr 7.09 Fund   3 Yr   3.81 Policy 1 Yr FUND 5.62 0.0562 8.04
Trailing Returns through June 30, 2008 1 Yr FUND 4.29 0.0429 9.01 Trailing Returns through June 30, 2008 1 Yr FUND 4.01 0.0401 15.95 Policy 1 Yr FUND 4.87 0.0487 5.18 Diff UNIVERSE 14   -0.44
Fund UNIVERSE 29 -4.97 Fund UNIVERSE 59 -12.9 Diff UNIVERSE 11 -0.81 1 Yr POLICY 5.14 0.0514 5.01
Policy POLICY 4.64 0.0464 5.98 Policy POLICY 4.6 0.046 10.4 1 Yr POLICY 4.27 0.0427 2.84 4.69 24   1
Diff 19 1 Diff 38 1 9.32 17 1 -0.44 6.41 0
1 Yr 5.98 0 1 Yr 6.88 0 7.41 5.88 0 5.13 5.06 1
-3.99 4.37 1 -11.96 5.05 1 1.91 3.81 1 2 Yr 4.13 0.21
-4.97 3.85 0.09 -12.9 4.25 0.05 2 Yr 3.14 0.06 6.89 3.3 1.03
0.98 3.2 0.53 0.94 3.16 0.49 7.59 2.42 0.16 6.06 2.32 0
2 Yr 2.1 0 2 Yr 1.2 0 6.91 0.88 0 0.83 4 Yr Diff
4.23 4 Yr Diff 2.33 4 Yr Diff 1/0/1900 4 Yr Diff 3 Yr 5.25 0.0525 0
4.25 4.77 0.0477 0 2.17 4.83 0.0483   0 3 Yr 5.27 0.0527 0 5.62 22   0
-0.02 46 0 0.16 63   0 4.87 17 0 5.14 4.66 0.0466 -16.66
3 Yr 5.34 0.0534 0 3 Yr 5.36 0.0536   0 4.27 4.9 0.049 16.66 0.48 43   2.01
4.29 28 0.82 1/4/1900 44 1.32 1/0/1900 22 0.53 4 Yr 6.39 0.53
4.64 6.77 -0.66 4.6 7.73 -0.78 4 Yr 6.67 -0.18 5.25 5.07 -1.48
-0.35 5.43 -1.48 -0.59 6.27 -2.1 5.27 4.67 -0.71 1/4/1900 4.43 3.56
4 Yr 4.71 0.98 4 Yr 5.14 0.94 4.9 3.99 0.45 0.59 3.69 -1.18
4.77 4.02 -0.2 4.83 4.25 -0.49 0.37 3.29 -0.03 5 Yr 2.44 -0.31
5.34 3.18 -0.06 5.36 2.49 -0.07 5 Yr 2.23 -0.03 5.55 5 Yr 2.04
-0.57 5 Yr -0.05 -0.53 5 Yr -0.28 4.21 5 Yr 0.7 5.62 3 YR FUND 5.55 0.0555 -0.2
5 Yr 3 YR FUND 5.94 0.0594 -0.06 5 Yr 3 YR FUND 7.85 0.0785 -0.04 3.97 3 YR FUND 4.21 0.0421 -0.04 -0.07 UNIVERSE 43   0.18
5.94 UNIVERSE 74 -0.06 7.85 UNIVERSE 67 -0.06 1/0/1900 UNIVERSE 24 0.21 6 Yr POLICY 5.62 0.0562 1.16
6.76 POLICY 6.76 0.0676 -0.34 1/8/1900 POLICY 8.4 0.084 -0.6 6 Yr POLICY 3.97 0.0397 0.62 5.39 41   2.31
-0.82 41 1.51 ################################## 46 2.16 5.4 28 0.55 1/6/1900 7.03 5 Yr 5 Yr
6 Yr 8.65 5 Yr 5 Yr 6 Yr 10.78 5 Yr 5 Yr 5.23 7.03 5 Yr 5 Yr ################################ 6.01 # of Negative Qtrs
1/5/1900 7.31 # of Negative Qtrs 6.18 9.25 # of Negative Qtrs 1/0/1900 4.07 # of Negative Qtrs 7 Yr 5.41 # of Positive Qtrs
6.33 6.52 # of Positive Qtrs 6.81 8.3 # of Positive Qtrs 7 Yr 3.31 # of Positive Qtrs 3.79 4.64 Batting Average
-0.76 5.89 Batting Average ################################## 7.52 Batting Average 5.9 2.67 Batting Average 1/3/1900 3.48 Worst Qtr
7 Yr 4.7 Worst Qtr 7 Yr 5.7 Worst Qtr 5.66 1.91 Worst Qtr 0.13 6 Yr Best Qtr
1/3/1900 6 Yr Best Qtr 1/2/1900 6 Yr Best Qtr 1/0/1900 6 Yr Best Qtr 8 Yr 5.39 0.0539 Range
4.34 5.57 0.0557 Range 3.11 6.18 0.0618 Range 8 Yr 5.4 0.054 Range 1/2/1900 53 Worst 4 Qtrs
-0.40 58 Worst 4 Qtrs ################################## 69 Worst 4 Qtrs 6.56 23 Worst 4 Qtrs 1/1/1900 6.14 0.0614 Standard Deviation
8 Yr 6.33 0.0633 Standard Deviation 8 Yr 6.81 0.0681 Standard Deviation 6.32 5.23 0.0523 Standard Deviation 1/1/1900 23 Beta
1/2/1900 28 Beta 0.29 47 Beta 1/0/1900 24 Beta 9 Yr 6.9 Annualized Alpha
1/3/1900 7.86 Annualized Alpha 0.47 8.94 Annualized Alpha 9 Yr 8.95 Annualized Alpha 1/3/1900 6.07 R-Squared
-0.15 6.41 R-Squared ################################## 7.6 R-Squared 6.31 5.17 R-Squared 2.75 5.46 Sharpe Ratio
9 Yr 5.72 Sharpe Ratio 9 Yr 6.68 Sharpe Ratio 6.1 4.17 Sharpe Ratio 1/0/1900 4.72 Treynor Ratio
1/2/1900 5.22 Treynor Ratio 0.37 6.01 Treynor Ratio 1/0/1900 3.48 Treynor Ratio 10 Yr 3.64 Tracking Error
1/3/1900 4.36 Tracking Error 1/1/1900 4.82 Tracking Error 10 Yr 2.37 Tracking Error 1/5/1900 7 Yr Information Ratio
-0.37 7 Yr Information Ratio ################################## 7 Yr Information Ratio 1/6/1900 7 Yr Information Ratio 1/3/1900 5 YR FUND 3.79 0.0379 Fund
10 Yr 5 YR FUND 3.94 Fund 10 Yr 5 YR FUND 2.71 Fund 1/5/1900 5 YR FUND 5.9 0.059 Fund 1/1/1900 UNIVERSE 35   6
1/4/1900 UNIVERSE 48 7 2.22 UNIVERSE 64 6 0.27 UNIVERSE 15 8 12/31/1997 POLICY 3.66 0.0366 14
1/4/1900 POLICY 4.34 13 1/3/1900 POLICY 3.11 14 12/31/1997 POLICY 5.66 0.0566 12 Incept 41   Batting Average 35
-0.37 35 Batting Average 40 ################################## 52 Batting Average 45 Incept 18 Batting Average 45 1/6/1900 5.11 -2.32
12/31/1997 5.89 -3.47 12/31/1997 6.13 -7.54 6.13 7.51 -2.27 4.16 4.11 6.49
Incept 4.74 6.82 Incept 4.51 12.2 1/5/1900 5.15 3.63 2.15 3.46 8.81
1/5/1900 3.89 10.29 3.81 3.14 19.74 1/0/1900 4.44 5.9 Fiscal Year Returns Ending September 2.78 2.13
5.39 3.18 -3.99 4.58 2.33 -11.96 Fiscal Year Returns Ending September 3.71 -0.36 Fund 1.71 Standard Deviation 4.44
-0.21 2.17 Standard Deviation 5.3 ################################## 0.65 Standard Deviation 9.47   Fund 2.67 Standard Deviation 3.41 Policy 8 Yr Beta 0.77
Fiscal Year Returns Ending September 8 Yr Beta 0.91 Fiscal Year Returns Ending September 8 Yr Beta 0.96   Policy 8 Yr Beta 0.97   Diff 2.4 Annualized Alpha 1.18 0.0118
Fund 2.87 Annualized Alpha -0.17 -0.0017 Fund 0.29 Annualized Alpha -0.19 -0.0019 Diff 6.56 Annualized Alpha 0.36 0.0036 6/30/2008 44 R-Squared 0.8  
Policy 45 R-Squared 0.92 Policy 65 R-Squared 0.95 6/30/2008 8 R-Squared 0.98 Qtr 1.2 0.56
Diff 3.02 0.54 Diff 0.47 0.51 Qtr 6.32 0.34 -0.54 74 3.23
6/30/2008 42 3.16 6/30/2008 60 4.99 ################################## 11 1.19 -0.49 4.29 2.29
Qtr 6.07 1.58 Qtr 6.74 2.13 -1.37 6.8 0.54 -0.05 3.13 -0.03
-0.04 4.51 -0.52 -0.3 4.09 -0.26 0.53 5.48 0.44 6/30/1905 2.14 Policy Policy
-1.06 2.7 Policy Policy -1.08 0.85 Policy Policy 2008 4.95 Policy Policy YTD 1.11 6
1.02 1.96 6 0.78 -0.23 6 YTD 4.33 8 0.43 -0.67 14
2008 0.27 14 2008 -4.23 14 1/5/1900 3.19 12 -3.92 9 Yr 65
YTD 9 Yr 60 YTD 9 Yr 55 4.39 9 Yr 55 4.35 3.53 -4.33
-5.92 2.97 -4.29 -13.17 0.37 -8.86 1.11 6.31 -2.44 2007 38 5.69
-6.44 47 7.82 -13.45 81 12.99 2007 9 3.81 10.97 2.75 10.02
0.52 3.34 12.11 0.28 1.14 21.85 6.1 6.1 6.25 12.99 63 -0.44
2007 37 -4.97 2007 60 -12.9 5.48 10 -0.81 -2.02 5.43 Standard Deviation 5.14
11.96 5.42 Standard Deviation 5.61 16.64 5.46 Standard Deviation 9.62 0.62 6.56 Standard Deviation 3.47 2006 3.97 1
11.03 3.91 1 14.69 3.4 1 2006 5.19 1 3.73 3.11 0
0.93 2.9 0 1.95 1.56 0 3.48 4.68 0 4.97 2.32 1
2006 2.25 1 2006 0.61 1 3.67 4.2 1 -1.24 0.89 0.5
6.57 0.97 0.66 9.02 -1.12 0.56 -0.19 3.4 0.26 2005 10 Yr 2.56
8.28 10 Yr 3.7 11.36 10 Yr 5.34 2005 10 Yr 0.91 8.2 5.04 0
-1.71 4.08 0 ################################## 2.22 0 1/2/1900 6.02 0 7.07 13 Diff
2005 41 Diff 2005 80 Diff 2.8 4 Diff 1.13 3.48 0
1/8/1900 4.45 1 12.84 3.11 0 0.15 5.75 0 6/26/1905 54 0
9.06 31   -1 13.21 49   0 2004 6   0 3.06 5.95   -30
-0.64 5.89 -20 -0.37 6.81 -10 3.36 5.83 -10 5.45 4.41 2.01
2004 4.64   0.82 2004 4.4   1.32 3.68 4.84   0.17 -2.39 3.56   0.8
7.44 3.86 -1 12.55 3.08 -0.79 -0.32 4.33 -0.18 2003 2.9 -1.21
10.73 3.35 -1.82 15.46 2.34 -2.11 6/25/1905 3.91 -0.35 12.61 1.55 2.57
-3.29 2.48 0.98 -2.91 0.65 0.94 5.52 3.28 0.45 16.84 Fiscal Year Returns Ending September -0.7
2003 Fiscal Year Returns Ending September -0.31 6/25/1905 Fiscal Year Returns Ending September -0.15 5.44 Fiscal Year Returns Ending September -0.06 ################################ Fund -0.23
14.37 Fund -0.09 24.55 Fund -0.04 0.08 Fund -0.03 2002 Return 1.18
1/17/1900 Return   -0.17 24.8 Return   -0.19 6/24/1905 Return   0.36 ################################ %-tile   -0.2
-2.67 %-tile -0.08 -0.25 %-tile -0.05 9.39 %-tile -0.02 -7.3 Policy 0.06
2002 Policy   -0.12 6/24/1905 Policy   -0.05 9.11 Policy   0.08 1/1/1900 Return   0.67
-7.32 Return -0.54 -19.84 Return -0.35 0.28 Return 0.28 2001 %-tile 2.29
############################## %-tile 1.58 -19.57 QU. FUND %-tile 2.13 6/23/1905 %-tile 0.54 ################################ Universe   10 Yr
1.45 Universe 10 Yr -0.27 UNIVERSE Universe 10 Yr 13.48 Universe 10 Yr -20.13 5th %-tile # of Negative Qtrs
2001 5th %-tile # of Negative Qtrs 6/23/1905 POLICY 5th %-tile # of Negative Qtrs 13.41 5th %-tile # of Negative Qtrs 1/7/1900 25th %-tile   # of Positive Qtrs
-9.99 25th %-tile # of Positive Qtrs -26 25th %-tile # of Positive Qtrs 0.07 25th %-tile # of Positive Qtrs 2000 QU. FUND 50th %-tile Batting Average
############################## QU. FUND 50th %-tile Batting Average ################################## 50th %-tile Batting Average 6/22/1905 QU. FUND 50th %-tile Batting Average 17.54 UNIVERSE 75th %-tile Worst Qtr
2.49 UNIVERSE 75th %-tile Worst Qtr 0.85 75th %-tile Worst Qtr 6.57 UNIVERSE 75th %-tile Worst Qtr 15.51 POLICY 95th %-tile Best Qtr
6/22/1905 POLICY 95th %-tile Best Qtr 6/22/1905 95th %-tile Best Qtr 6.72 POLICY 95th %-tile Best Qtr 1/2/1900 Qtr Range
9.62 Qtr Range 8.31 Qtr Range -0.15 Qtr Range 1999 -0.54 -0.0054 Worst 4 Qtrs
1/9/1900 -0.04 -0.0004 Worst 4 Qtrs 1/11/1900 -0.3 -0.003 Worst 4 Qtrs 6/21/1905 -0.84 -0.0084 Worst 4 Qtrs 19.87 59 Standard Deviation
-0.14 11 Standard Deviation -2.99 25 Standard Deviation -1.1 68 Standard Deviation 1/8/1900 -0.49 -0.0049 Beta
6/21/1905 -1.06 -0.0106 Beta 6/21/1905 -1.08 -0.0108 Beta -1.48 -1.37 -0.0137 Beta 1/11/1900 58   Annualized Alpha
13.24 54 Annualized Alpha 20.9 45 Annualized Alpha 0.38 90 Annualized Alpha Returns in Up Markets 1.42 R-Squared
1/15/1900 0.29 R-Squared 27.81 1.04 R-Squared Returns in Up Markets 0.73 R-Squared Fund 0.36 Sharpe Ratio
-2.23 -0.48 Sharpe Ratio -6.91 -0.36 Sharpe Ratio Fund -0.12 Sharpe Ratio Policy -0.28 Treynor Ratio
Returns in Up Markets -1.02 Treynor Ratio Returns in Up Markets -1.26 Treynor Ratio Policy -0.56 Treynor Ratio Ratio -1.05 Tracking Error
Fund -1.51 Tracking Error Fund -2.19 Tracking Error Ratio -0.98 Tracking Error 3 Yr -2.03 Information Ratio
Policy -2.39   Information Ratio Policy -3.61   Information Ratio 3 Yr -1.65   Information Ratio 9.4 YTD   Fund
Ratio YTD Fund Ratio YTD Fund 1/9/1900 YTD Fund 1/10/1900 0.43 15
3 Yr -5.92   16 3 Yr -13.17 16 9.3 5.5   12 91.5 1   25
10.7 3 24 1/15/1900 35 24 105.5 1 28 5 Yr -3.92 45
11.2 -6.44 52.5 15.9 -13.45 42.5 5 Yr 4.39 52.5 10.5 19   -7.29
4/4/1900 11 -7.44 95.6 42 -17.97 1/8/1900 5 -2.27 1/11/1900 -2.39 14.62
5 Yr -6.13 12.53 5 Yr -10.85   19.75 8.9 4.28 5.39 89.8 -4.55   21.91
11.4 -7.26 19.97 1/18/1900 -12.7 37.72 100.3 2.49 7.66 10 Yr 2004 FUND -5.8 -0.058 -13.1
1/12/1900 2004 FUND -8.3 -0.083 -9.99 18.8 2004 FUND -13.88 -0.1388 -26 10 Yr 2004 FUND 1.27 0.0127 -1.19 14.9 UNIVERSE -7.07 8.49
3/29/1900 UNIVERSE -9.22 8.26 4/6/1900 UNIVERSE -15.19 15.71 1/10/1900 UNIVERSE -0.49 3.86 15.4 POLICY -9.28 -0.0928 0.83
10 Yr POLICY -10.86 -0.1086 0.88 10 Yr POLICY -17.37 -0.1737 0.93 1/10/1900 POLICY -3.45 -0.0345 0.96 96.4 2007   2.11
1/15/1900 2007 0.13 0.0013 1/25/1900 2007 -0.7   100.4 2007 0.47 0.0047 12/31/1997 10.97 0.81 0.0081
1/17/1900 11.96   0.96 1/27/1900 16.64 0.96 12/31/1997 6.1 0.98 Incept 75   0.18
3/29/1900 22 0.07 4/2/1900 21 -0.08 Incept 13 0.66 16.3 12.99 1.89
12/31/1997 11.03 0.69 12/31/1997   14.69   -1.34 10.1 5.48   2.66 1/15/1900 41   3.98
Incept 42 1.93 Incept   60 3.15 10.1 16 0.6 4/12/1900 16.67 0.39
16.5 13.77 -0.19 26.6   19.95   -0.28 100.4 7.6   0.45 Returns in Down Markets 14.08   Policy
1/17/1900 11.74 Policy 28.1 16.31 Policy Returns in Down Markets 4.86 Policy Fund 2003 FUND 12.34 0.1234 15
92.3 2003 FUND 10.72 0.1072 16 94.8 2003 FUND 15.04 0.1504 16 Fund 2003 FUND 3.95 0.0395 13 Policy UNIVERSE 10.95 25
Returns in Down Markets UNIVERSE 9.88 24 Returns in Down Markets UNIVERSE 13.77 24 Policy UNIVERSE 3.28 27 Ratio POLICY 8.23 0.0823 55
Fund POLICY 8.21 0.0821 47.5 Fund POLICY 10.5 0.105 57.5 Ratio POLICY 2.26 0.0226 47.5 3 Yr 2006   -9.05
Policy 2006 -9.11 Policy 2006 -17.68 3 Yr 2006 -2.44 -3.8 3.73 11.93
Ratio 6.57   12.55 Ratio 9.02 21.3 -1.7 3.48 5.88 -6.8 76   20.98
3 Yr 76 21.66 3 Yr 71 38.98 -2.4 62 8.32 55.9 4.97 -20.13
-7.5 8.28 -12.48 -15.3 11.36   -26.85 70.4 3.67   -2.05 5 Yr 51   9.23
-7.4 34 9.2 -14.9 25 16.52 5 Yr 56 3.97 -5.2 7.94 1
101.8 10.16 1 102.9 13.65   1 -2.5 7.26   1 ################################ 6.33   0
5 Yr 8.8 0 5 Yr 11.36 0 -3 4.71 0 70.9 2002 FUND 4.99 0.0499 1
-5.9 2002 FUND 7.66 0.0766 1 -13.1 2002 FUND 10.03 0.1003 1 82.8 2002 FUND 3.82 0.0382 1 10 Yr UNIVERSE 3.8 0
############################## UNIVERSE 6.67 0.11 -12.6 UNIVERSE 8.57 -0.02 10 Yr UNIVERSE 3.25 0.57 -9.5 POLICY 1.61 0.0161 0.01
96.9 POLICY 4.7 0.047 0.98 104.3 POLICY 5.89 0.0589 -0.36 ################################## POLICY 2.49 0.0249 2.28 -13.7 2005   0
10 Yr 2005 0 10 Yr 2005 0 ################################## 2005 0 69.2 8.2 Diff
-10.9 8.42   Diff -24.8 12.84 Diff 77.4 2.95 Diff 12/31/1997 50   0
-12.1 83 0 ################################## 77 0 12/31/1997 54 -1 Incept 7.07 0
89.8 9.06 0 4/9/1900 13.21   0 Incept 2.8   1 -9.5 73   -10
12/31/1997 70 5 12/31/1997 67 -15 -2.2 58 5 -13.7 11.85 1.76
Incept 13.51 1.67 Incept 18.98   -0.29 -2.9 8.82   0.17 69.2 9.43   2.69
-10.9 11.18 -0.02 -24.8 16.36 -1.55 77.4 4.65 -0.49 2001 FUND 8.14 0.0814 0.93
-12.1 2001 FUND 9.76 0.0976 -1.69 -24.8 2001 FUND 14.07 0.1407 -1.26 2001 FUND 3.08 0.0308 -0.66 UNIVERSE 6.92 7.03
89.8 UNIVERSE 8.81 2.49 100.2 UNIVERSE 12.94 0.85 UNIVERSE 2.11 0.86 POLICY 5.65 0.0565 -0.74
POLICY 7.43 0.0743 -0.94 POLICY 10.97 0.1097 -0.81 POLICY 1.03 0.0103 -0.11 2004   -0.17
2004 -0.12 2004 -0.07 2004 -0.04 3.06 2.11
7.44   0.13 12.55 -0.7 3.36 0.47 98   -0.19
96 -0.04 86 -0.04 66 -0.02 5.45 0.18
10.73 -0.04 15.46   -0.06 3.68   0.09 79   1.88
62 -0.29 51 -0.98 58 0.38 10.21 3.98
14.97 1.93 20.79   3.15 12.29   0.6 7.91   Incept
12.78 Incept 17.76 Incept 6.17 Incept 2000 FUND 6.66 0.0666 # of Negative Qtrs
2000 FUND 11.13 0.1113 # of Negative Qtrs 2000 FUND 15.5 0.155 # of Negative Qtrs 2000 FUND 4.1 0.041 # of Negative Qtrs UNIVERSE 5.65 # of Positive Qtrs
UNIVERSE 9.9 # of Positive Qtrs UNIVERSE 14.13 # of Positive Qtrs UNIVERSE 2.77 # of Positive Qtrs POLICY 4.07 0.0407 Batting Average
POLICY 7.52 0.0752 Batting Average POLICY 9.7 0.097 Batting Average POLICY 0.93 0.0093 Batting Average 2003 Worst Qtr
2003 Worst Qtr 2003 Worst Qtr 2003 Worst Qtr 12.61 Best Qtr
14.37 Best Qtr 24.55 Best Qtr 5.52 Best Qtr 73 Range
80 Range 35 Range 32 Range 16.84 Worst 4 Qtrs
17.04 Worst 4 Qtrs 24.8 Worst 4 Qtrs 5.44 Worst 4 Qtrs 22 Standard Deviation
36 Standard Deviation 31 Standard Deviation 32 Standard Deviation 21.31 Beta
25.18 Beta 30.54 Beta 26.31 Beta 16.53 Annualized Alpha
17.93 Annualized Alpha 25.63 Annualized Alpha 6.75 Annualized Alpha 14.35 R-Squared
16.19 R-Squared 23.64 R-Squared 3.7 R-Squared 12.47 Sharpe Ratio
14.73 Sharpe Ratio 21.86 Sharpe Ratio 2.76 Sharpe Ratio 9.83 Treynor Ratio
12.1 Treynor Ratio 17.76 Treynor Ratio 1.6 Treynor Ratio 2002 Tracking Error
2002 Tracking Error 2002 Tracking Error 2002 Tracking Error -5.61 Information Ratio
-7.32 Information Ratio -19.84 Information Ratio 9.39 Information Ratio 35 Fund
41 Fund 76 Fund 8 Fund -7.3 15
-8.77 16 -19.57 16 9.11 12 62 27
64 26 73 26 10 30 -0.8 47.62
-2.82 54.76 -9.36 45.24 9.81 52.38 -4.92 -7.29
-6.21 -7.44 -14.45 -17.97 8.14 -2.27 -6.61 14.62
-8 12.53 -17.73 19.75 6.89 5.39 -8.41 21.91
-9.48 19.97 -19.77 37.72 4.96 7.66 -11.71 -13.1
-12.54 -9.99 -21.63   -26 -3.15 -1.19 2001 8.79
2001 8.53 2001 15.88 2001 3.78 -13.1 0.86
-9.99 0.9 -26   0.94 13.48 0.96 56 2.69
37 0.3 53 -0.49 5 0.47 -20.13 0.8
-12.48 0.96 -26.85 0.97 13.41 0.98 85 0.31
62 0.19 60 0.02 5 0.68 -1.72 3.21
3.84 1.81 -1.56   0.28 13.41 2.69 -8.2 4.13
-5.84 1.92 -13.47 3.09 11.3 0.59 -12.68 0.52
-11.49 -0.11 -25.6   -0.25 9.7 0.41 -17.23 Policy
-14.02 Policy -28.53 Policy 7.89 Policy -25.21 15
-21.64 16 -42.38 16 -8.25 13 2000 27
2000 26 2000 26 2000 29 17.54 52.38
9.62 45.24 8.31 54.76 6.57 47.62 38 -9.05
63 -9.11 87 -17.68 20 -2.44 15.51 11.93
9.76 12.55 11.3 21.3 6.72 5.88 50 20.98
61 21.66 69 38.98 17 8.32 45.33 -20.13
23.87 -12.48 36.12 -26.85 9.37 -2.05 21.12 9.14
13.85 9.3 19.3 16.6 6.34 3.89 15.49 1
10.6 1 13.54 1 5.31 1 10.95 0
8.69 0 10.7 0 4.31 0 7.78 1
2.95 1 2.2 1 1.01 1 0.07
0.2 0.06 0.6 0.61
1.84 1.03 2.34 0
0 0 0 Diff
Diff Diff Diff 0
0 0 -1 0
0 0 1 -4.76
9.52 -9.52 4.76 1.76
1.67 -0.29 0.17 2.69
-0.02 -1.55 -0.49 0.93
-1.69 -1.26 -0.66 7.03
2.49 0.85 0.86 -0.35
-0.77 -0.72 -0.11 -0.14
-0.1 -0.06 -0.04 2.69
0.3 -0.49 0.47 -0.2
-0.04 -0.03 -0.02 0.24
-0.01 -0.04 0.08 2.6
-0.03 -0.75 0.35 4.13
1.92 3.09 0.59 5.08