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%BLCVC10%BSCV5%BSC5%BLC 20%IF 20%BFI 21 24 33.33BLCG33.33BLCVC16.67BSCVC8.33BSC8.33BLC 26 29 50% Intermediate FI, 50% Broad FI 31 Inception date is December 31, 1997 50% Broad LC Growth Equity, 50% 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, 2009 Batting Average
Returns are net of fees. Incept is December 31, 1997 to June 30, 2009 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2009 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2009 Batting Average Account Reconciliation Trailing Returns through June 30, 2009 Worst Qtr
Account Reconciliation Trailing Returns through June 30, 2009 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2009 Worst Qtr Account Reconciliation Trailing Returns through June 30, 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 6/30/2009 Return Beta
6/30/2009 Return Beta 6/30/2009 Return Beta 6/30/2009 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 21,061 Universe R-Squared
42,327 Universe R-Squared 21,558 Universe R-Squared 19,148 Universe R-Squared 152 5th %-tile Sharpe Ratio
514 5th %-tile Sharpe Ratio -181 5th %-tile Sharpe Ratio 1,189 5th %-tile Sharpe Ratio 1,710 25th %-tile Treynor Ratio
3,980 25th %-tile Treynor Ratio 3,372 25th %-tile Treynor Ratio 655 25th %-tile Treynor Ratio 22,923 50th %-tile Tracking Error
46,822 50th %-tile Tracking Error 24,749 50th %-tile Tracking Error 20,993 50th %-tile Tracking Error 2,009 75th %-tile Information Ratio
2009 75th %-tile Information Ratio 2009 75th %-tile Information Ratio 2009 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund 17,276 1 Yr 5
49,517 1 Yr 6 27,491   1 Yr   5 20,564   1 Yr   3 4,282 1.45 0.0145 7
1,559 -14.05 -0.1405 6 2,786   -28.01 -0.2801 7 -1,233   7.2 0.072 9 1,365 4   58.33
-4,254 62 58.33 -5,527   98   50 1,662   3   66.67 22,923 -2.78 -0.0278 -3.83
46,822 -14.1 -0.141 -12.24 24,749 -26.53 -0.2653 -25.41 20,993 5.5 0.055 -1.44 35,795 32   8.12
12/31/1997 63 9.4 12/31/1997 83 15.68 12/31/1997 13 5.23 Incept 1.12 11.95
Incept -10.39 21.64 Incept -22.23 41.09 Incept 6.7 6.67 15,998 -1.86 -7.56
15,998 -11.98 -21.46 10,999 -24.09 -37.35 4,811 4.13 2.85 -6,147 -4.73 6.48
18,811 -13.3 11.37 11,700 -25.13 19.71 5,096 1.73 3.86 13,073 -7.85 0.76
12,012 -14.99 0.9 2,049     -26.22 0.97 11,086     -1.3 1 22,923  22,923,000 -14.1 2.64
46,822  46,822,000 -17.24 -0.26 24,749   24,749,000 -27.7 -0.45 20,993   20,993,000 -7.99 0.95 Investment Policy     2 Yr 0.93
Investment Policy 2 Yr 0.97 Investment Policy 2 Yr 0.97 Investment Policy 2 Yr 0.94 Index 3.06 0.0306 0.31
Index -9.16 -0.0916 -0.47 Index -19.96 -0.1996 -0.59 Index 8.25 0.0825 1.15 Barclays Capital Gov/Credit-Intermediate 1 2.64
BCAB A+ 29 -5.89 Russell 1000 Value 71 -12.07 BCAB A+ 2 4.42 Russell 1000 Growth -1.62 -0.0162 2.6
Barclays Capital Gov/Credit-Intermediate -9.65 -0.0965 2.44 Russell 1000 Growth -20.01 -0.2001 3.31 Barclays Capital Gov/Credit-Intermediate 6.45 0.0645 0.97 Total 24 0.78
Russell 1000 Value 41 0 S&P Midcap 400 73 -0.06 Total 7 1.05 Weight 0.42 Policy
Other -7.48 Policy Russell 2000 Value -16.51 Policy Weight 6.78 Policy 50 -1.78 5
Weight -9.01 6 Weight -18.07 6 50 4.48 4 50 -3.68 7
20 -10.12 6 33.33 -19.09 6 50 2.44 8 100 -5.65 41.67
20 -11.2 41.67 33.33 -20.12 50 100 0.23 33.33 Trailing Returns through June 30, 2009 -10.51 -4.94
20 -13.57 -12.55 16.67 -21.7 -23.37 Trailing Returns through June 30, 2009 -4.95 -1.37 Fund 3 Yr 8.88
40 3 Yr 10.73 16.67   3 Yr 17.17 Fund   3 Yr   4.97 Policy 1 Yr FUND 5.05 0.0505 13.82
Trailing Returns through June 30, 2009 1 Yr FUND -2.26 -0.0226 23.28 Trailing Returns through June 30, 2009 1 Yr FUND -8.67 -0.0867 40.54 Policy 1 Yr FUND 7.46 0.0746 6.34 Diff UNIVERSE 2   -13.89
Fund UNIVERSE 37 -23.25 Fund UNIVERSE 77 -37.98 Diff UNIVERSE 1 2.7 1 Yr POLICY 3.03 0.0303 8.2
Policy POLICY -2.27 -0.0227 12.42 Policy POLICY -8.47 -0.0847 20.05 1 Yr POLICY 6.44 0.0644 3.72 1.45 19   1
Diff 37 1 Diff 70 1 7.2 4 1 -2.78 4.07 0
1 Yr -0.9 0 1 Yr -5.91 0 5.5 6.18 0 4.23 2.73 1
-14.05 -1.92 1 -28.01 -7.07 1 1.7 4.67 1 2 Yr 1.61 0
-14.1 -2.63 -0.43 -26.53 -7.86 -0.57 2 Yr 3.25 0.91 3.06 0.22 -0.01
0.05 -3.48 -5.31 -1.48 -8.62 -11.51 8.25 1.95 3.4 -1.62 -3.65 0
2 Yr -5.06 0 2 Yr -9.68 0 6.45 -1.06 0 4.68 4 Yr Diff
-9.16 4 Yr Diff -19.96 4 Yr Diff 1/1/1900 4 Yr Diff 3 Yr 4.56 0.0456 0
-9.65 -0.64 -0.0064 0 -20.01 -4.88 -0.0488   -1 3 Yr 5.45 0.0545 -1 5.05 5   0
0.49 59 0 0.05 92   1 7.46 3 1 3.03 3.1 0.031 16.66
3 Yr -0.4 -0.004 16.66 3 Yr -4.24 -0.0424   0 6.44 4.58 0.0458 33.34 2.02 26   1.11
-2.26 50 0.31 ################################## 71 -2.04 1/1/1900 8 -0.07 4 Yr 4.48 -0.76
-2.27 1.07 -1.33 -8.47 -1.82 -1.49 4 Yr 4.97 0.26 4.56 3.14 -1.87
0.01 0.11 -1.64 -0.2 -3.01 0.55 5.45 3.83 0.33 1/3/1900 2.03 6.33
4 Yr -0.41 1.79 4 Yr -3.68 0.63 4.58 2.98 0.15 1.46 0.9 -1.72
-0.64 -1.07 -1.05 -4.88 -4.35 -0.34 0.87 1.79 0.14 5 Yr -1.31 -0.24
-0.4 -2.1 -0.1 -4.24 -5.23 -0.03 5 Yr -0.36 0 4.48 5 Yr 2.64
-0.24 5 Yr -0.26 -0.64 5 Yr -0.45 5.65 5 Yr 0.95 3.12 3 YR FUND 4.48 0.0448 -0.07
5 Yr 3 YR FUND 0.7 0.007 -0.03 5 Yr 3 YR FUND -2.56 -0.0256 -0.03 5.02 3 YR FUND 5.65 0.0565 -0.06 1.36 UNIVERSE 10   0.31
0.7 UNIVERSE 72 -0.04 -2.56 UNIVERSE 90 -0.02 1/0/1900 UNIVERSE 6 0.24 6 Yr POLICY 3.12 0.0312 2.65
1.13 POLICY 1.13 0.0113 -0.58 ################################## POLICY -1.97 -0.0197 -0.56 6 Yr POLICY 5.02 0.0502 1.02 4.85 42   2.6
-0.43 51 2.44 ################################## 74 3.31 4.7 12 0.97 1/4/1900 4.88 5 Yr 5 Yr
6 Yr 2.51 5 Yr 5 Yr 6 Yr 0.25 5 Yr 5 Yr 4.22 5.65 5 Yr 5 Yr 1/0/1900 3.68 # of Negative Qtrs
1/2/1900 1.65 # of Negative Qtrs 1 -0.8 # of Negative Qtrs 1/0/1900 4.32 # of Negative Qtrs 7 Yr 2.88 # of Positive Qtrs
2.96 1.13 # of Positive Qtrs 1.59 -1.36 # of Positive Qtrs 7 Yr 3.59 # of Positive Qtrs 4.82 2.08 Batting Average
-0.65 0.61 Batting Average ################################## -2.01 Batting Average 5.65 2.67 Batting Average 1/4/1900 0.43 Worst Qtr
7 Yr -0.3 Worst Qtr 7 Yr -2.9 Worst Qtr 5.08 1.12 Worst Qtr 0 6 Yr Best Qtr
1/2/1900 6 Yr Best Qtr 1/0/1900 6 Yr Best Qtr 1/0/1900 6 Yr Best Qtr 8 Yr 4.85 0.0485 Range
3.14 2.31 0.0231 Range 1.25 1 0.01 Range 8 Yr 4.7 0.047 Range 1/3/1900 22 Worst 4 Qtrs
-0.63 85 Worst 4 Qtrs ################################## 93 Worst 4 Qtrs 6.06 16 Worst 4 Qtrs 1/2/1900 4.17 0.0417 Standard Deviation
8 Yr 2.96 0.0296 Standard Deviation 8 Yr 1.59 0.0159 Standard Deviation 5.52 4.22 0.0422 Standard Deviation 1/0/1900 44 Beta
1/1/1900 62 Beta -1.62 74 Beta 1/0/1900 23 Beta 9 Yr 5.87 Annualized Alpha
1/1/1900 4.76 Annualized Alpha -1.16 3.87 Annualized Alpha 9 Yr 6.64 Annualized Alpha 1/2/1900 4.78 R-Squared
-0.34 3.78 R-Squared ################################## 2.93 R-Squared 6.63 4.06 R-Squared 0.75 4 Sharpe Ratio
9 Yr 3.18 Sharpe Ratio 9 Yr 2.16 Sharpe Ratio 6.14 3.14 Sharpe Ratio 1/1/1900 3.28 Treynor Ratio
1/0/1900 2.64 Treynor Ratio -3.22 1.55 Treynor Ratio 1/0/1900 2.39 Treynor Ratio 10 Yr 1.65 Tracking Error
1/0/1900 1.75 Tracking Error ################################## 0.73 Tracking Error 10 Yr 0.85 Tracking Error 1/3/1900 7 Yr Information Ratio
-0.12 7 Yr Information Ratio ################################## 7 Yr Information Ratio 1/6/1900 7 Yr Information Ratio 1/2/1900 5 YR FUND 4.82 0.0482 Fund
10 Yr 5 YR FUND 2.51 Fund 10 Yr 5 YR FUND 0.59 Fund 1/5/1900 5 YR FUND 5.65 0.0565 Fund 1/1/1900 UNIVERSE 27   8
1/1/1900 UNIVERSE 79 9 -2.81 UNIVERSE 92 8 0.45 UNIVERSE 16 7 12/31/1997 POLICY 4.82 0.0482 12
1/1/1900 POLICY 3.14 11 ################################## POLICY 1.25 12 12/31/1997 POLICY 5.08 0.0508 13 Incept 27   Batting Average 50
-0.33 47 Batting Average 50 ################################## 73 Batting Average 45 Incept 23 Batting Average 55 1/5/1900 5.95 -3.83
12/31/1997 4.69 -12.24 12/31/1997 3.55 -25.41 6.22 8.27 -1.44 3.53 4.85 8.12
Incept 3.7 9.4 Incept 2.27 15.68 1/5/1900 4.88 5.23 2.35 4.07 11.95
1/3/1900 3.06 21.64 0.65 1.65 41.09 1/0/1900 3.81 6.67 Fiscal Year Returns Ending September 3.37 -7.56
3.53 2.61 -21.46 1.41 1.16 -37.35 Fiscal Year Returns Ending September 3.06 -0.36 Fund 2.22 Standard Deviation 6.12
-0.18 1.79 Standard Deviation 9.49 ################################## 0.36 Standard Deviation 16.35   Fund 1.96 Standard Deviation 3.45 Policy 8 Yr Beta 0.83
Fiscal Year Returns Ending September 8 Yr Beta 0.91 Fiscal Year Returns Ending September 8 Yr Beta 0.97   Policy 8 Yr Beta 0.98   Diff 3.5 Annualized Alpha 1.84 0.0184
Fund 1.5 Annualized Alpha -0.34 -0.0034 Fund -1.62 Annualized Alpha -0.63 -0.0063 Diff 6.06 Annualized Alpha 0.71 0.0071 6/30/2009 18 R-Squared 0.91  
Policy 60 R-Squared 0.96 Policy 86 R-Squared 0.97 6/30/2009 12 R-Squared 0.95 Qtr 2.83 0.24
Diff 1.84 -0.24 Diff -1.16 -0.34 Qtr 5.52 0.76 8.12 42 1.76
6/30/2009 44 -2.55 6/30/2009 72 -5.75 1/3/1900 17 2.68 8.88 4.28 2.19
Qtr 3.8 2.14 Qtr 1.86 2.92 1.32 7.55 0.79 -0.76 3.26 0.62
9.40 2.35 -0.2 15.68 0.29 -0.2 2.03 4.96 0.8 7/1/1905 2.66 Policy Policy
10.73 1.71 Policy Policy 17.17 -0.66 Policy Policy 2009 4.17 Policy Policy YTD 1.86 8
-1.33 1.16 8 -1.49 -1.25 9 YTD 3.53 8 5.49 0.68 12
2009 0.4 12 2009 -2.28 11 1/8/1900 2.28 12 2.27 9 Yr 50
YTD 9 Yr 50 YTD 9 Yr 55 6.34 9 Yr 45 3.22 2.29 -4.94
-8.56 0.84 -12.55 -20.63 -3.22 -23.37 2.42 6.63 -1.37 2008 27 8.88
-9.92 55 10.73 -20.79 83 17.17 2008 5 4.97 -3.41 0.75 13.82
1.36 0.96 23.28 0.16 -2.97 40.54 3.98 6.14 6.34 -8.67 72 -13.89
2008 52 -23.25 2008 76 -37.98 3.56 9 -0.81 5.26 3.69 Standard Deviation 7.06
-11.57 4.05 Standard Deviation 10.15 -20.4 2.71 Standard Deviation 16.53 0.42 6.59 Standard Deviation 3.43 2007 2.36 1
-10.79 2.16 1 -19.72 -0.06 1 2007 5.32 1 10.97 1.58 0
-0.78 0.99 0 -0.68 -2.06 0 6.1 4.65 0 12.99 0.62 1
2007 0.21 1 2007 -2.88 1 5.48 3.95 1 -2.02 -0.98 0.01
11.96 -1.2 -0.19 16.64 -5.75 -0.3 0.62 2.69 0.58 2006 10 Yr 0.1
11.03 10 Yr -1.89 14.69 10 Yr -4.99 2006 10 Yr 2 3.73 3.32 0
0.93 1.12 0 1/1/1900 -2.81 0 1/3/1900 6.39 0 4.97 23 Diff
2006 64 Diff 2006 94 Diff 3.67 5 Diff -1.24 2.18 0
1/6/1900 1.45 1 9.02 -2.05 -1 -0.19 5.94 -1 6/27/1905 60 0
8.28 51   -1 11.36 80   1 2005 8   1 8.2 4.48   0
-1.71 3.9 0 -2.34 2.24 -10 2.95 6.32 10 7.07 3.24 1.11
2005 2.24   0.31 2005 0.17   -2.04 2.8 5.07   -0.07 1.13 2.44   -0.76
8.42 1.46 -1.33 12.84 -1.1 -1.49 0.15 4.45 0.26 2004 1.65 -1.87
9.06 0.87 -1.64 13.21 -1.91 0.55 6/26/1905 3.79 0.33 3.06 0.12 6.33
-0.64 0.03 1.79 -0.37 -2.96 0.63 3.36 2.59 0.45 5.45 Fiscal Year Returns Ending September -0.94
2004 Fiscal Year Returns Ending September -0.66 6/26/1905 Fiscal Year Returns Ending September -0.18 3.68 Fiscal Year Returns Ending September 0.02 ################################ Fund -0.17
7.44 Fund -0.09 12.55 Fund -0.03 -0.32 Fund -0.02 2003 Return 1.84
1/10/1900 Return   -0.34 15.46 Return   -0.63 6/25/1905 Return   0.71 1/12/1900 %-tile   -0.09
-3.29 %-tile -0.04 -2.91 %-tile -0.03 5.52 %-tile -0.05 16.84 Policy 0.23
2003 Policy   -0.05 6/25/1905 Policy   -0.04 5.4 Policy   0.18 ################################ Return   1.66
14.37 Return -0.66 24.55 Return -0.76 0.12 Return 0.68 2002 %-tile 2.19
1/17/1900 %-tile 2.14 24.8 QU. FUND %-tile 2.92 6/24/1905 %-tile 0.79 ################################ Universe   10 Yr
-2.67 Universe 10 Yr -0.25 UNIVERSE Universe 10 Yr 9.39 Universe 10 Yr -7.3 5th %-tile # of Negative Qtrs
2002 5th %-tile # of Negative Qtrs 6/24/1905 POLICY 5th %-tile # of Negative Qtrs 8.6 5th %-tile # of Negative Qtrs 1/1/1900 25th %-tile   # of Positive Qtrs
-7.32 25th %-tile # of Positive Qtrs -19.84 25th %-tile # of Positive Qtrs 0.79 25th %-tile # of Positive Qtrs 2001 QU. FUND 50th %-tile Batting Average
############################## QU. FUND 50th %-tile Batting Average ################################## 50th %-tile Batting Average 6/23/1905 QU. FUND 50th %-tile Batting Average -13.1 UNIVERSE 75th %-tile Worst Qtr
1.45 UNIVERSE 75th %-tile Worst Qtr -0.27 75th %-tile Worst Qtr 13.48 UNIVERSE 75th %-tile Worst Qtr -20.13 POLICY 95th %-tile Best Qtr
6/23/1905 POLICY 95th %-tile Best Qtr 6/23/1905 95th %-tile Best Qtr 12.95 POLICY 95th %-tile Best Qtr 1/7/1900 Qtr Range
-9.99 Qtr Range -26 Qtr Range 0.53 Qtr Range 2000 8.12 0.0812 Worst 4 Qtrs
############################## 9.4 0.094 Worst 4 Qtrs ################################## 15.68 0.1568 Worst 4 Qtrs 6/22/1905 3.35 0.0335 Worst 4 Qtrs 17.54 93 Standard Deviation
2.49 100 Standard Deviation 0.85 92 Standard Deviation 6.57 73 Standard Deviation 1/15/1900 8.88 0.0888 Beta
6/22/1905 10.73 0.1073 Beta 6/22/1905 17.17 0.1717 Beta 6.74 1.32 0.0132 Beta 1/2/1900 86   Annualized Alpha
9.62 91 Annualized Alpha 8.31 53 Annualized Alpha -0.17 98 Annualized Alpha Returns in Up Markets 14.98 R-Squared
1/9/1900 15.91 R-Squared 11.3 18.93 R-Squared Returns in Up Markets 13.38 R-Squared Fund 12.1 Sharpe Ratio
-0.14 13.43 Sharpe Ratio -2.99 17.91 Sharpe Ratio Fund 7.54 Sharpe Ratio Policy 10.67 Treynor Ratio
Returns in Up Markets 12.37 Treynor Ratio Returns in Up Markets 17.23 Treynor Ratio Policy 4.72 Treynor Ratio Ratio 9.36 Tracking Error
Fund 11.52 Tracking Error Fund 16.51 Tracking Error Ratio 3.23 Tracking Error 3 Yr 7.61 Information Ratio
Policy 10.29   Information Ratio Policy 15.46   Information Ratio 3 Yr 1.56   Information Ratio 13.8 YTD   Fund
Ratio YTD Fund Ratio YTD Fund 1/12/1900 YTD Fund 1/15/1900 5.49 17
3 Yr -8.56 -0.0856 18 3 Yr -20.63 -0.2063 17 11.2 8.76 0.0876 11 89.2 6   23
16.9 59 22 1/24/1900 89 23 115.3 7 29 5 Yr 2.27 45
18.3 -9.92 -0.0992 52.5 25.9 -20.79 -0.2079 42.5 5 Yr 6.34 0.0634 52.5 12.8 34   -7.29
4/1/1900 84 -12.24 95.9 91 -25.41 1/11/1900 33 -2.27 1/13/1900 5.75 10.46
5 Yr -5.83 9.4 5 Yr -15.76   15.68 10.1 9.17 5.39 94.4 2.94   17.75
13 -7.19 21.64 1/21/1900 -17.5 41.09 109.4 6.74 7.66 10 Yr 2004 FUND 1.1 0.011 -13.1
1/14/1900 2004 FUND -8.2 -0.082 -21.46 23 2004 FUND -18.63 -0.1863 -37.35 10 Yr 2004 FUND 5.29 0.0529 -0.36 14.9 UNIVERSE -0.96 7.75
3/30/1900 UNIVERSE -9.36 9.11 4/4/1900 UNIVERSE -19.7 17.39 1/9/1900 UNIVERSE 2.93 3.84 17.4 POLICY -6.22 -0.0622 0.77
10 Yr POLICY -11.54 -0.1154 0.88 10 Yr POLICY -21.26 -0.2126 0.96 1/9/1900 POLICY -2.33 -0.0233 1.03 85.7 2008   1.56
1/15/1900 2008 -0.18 -0.0018 1/25/1900 2008 -0.85   105.6 2008 0.25 0.0025 12/31/1997 -3.41 0.92 0.0092
1/17/1900 -11.57   0.97 1/26/1900 -20.4 0.96 12/31/1997 3.98 0.95 Incept 1   0.03
3/27/1900 19 -0.22 4/3/1900 56 -0.34 Incept 3 0.86 16.9 -8.67 0.31
12/31/1997 -10.79 -2.23 12/31/1997   -19.72   -6.14 9.9 3.56   3.21 1/16/1900 11   3.11
Incept 9 2.11 Incept   41 3.4 9.4 4 0.84 4/11/1900 -7.33 0.37
17.4 -10.16 -0.16 28.2   -17.44   -0.22 105.4 3.32   0.54 Returns in Down Markets -10.14   Policy
1/18/1900 -12.08 Policy 29.9 -19.1 Policy Returns in Down Markets 0.18 Policy Fund 2003 FUND -12.06 -0.1206 18
91.8 2003 FUND -13.12 -0.1312 18 94.5 2003 FUND -20.13 -0.2013 18 Fund 2003 FUND -2.36 -0.0236 11 Policy UNIVERSE -13.85 22
Returns in Down Markets UNIVERSE -14.3 22 Returns in Down Markets UNIVERSE -21.22 22 Policy UNIVERSE -5.11 29 Ratio POLICY -17.12 -0.1712 55
Fund POLICY -16.5 -0.165 47.5 Fund POLICY -22.95 -0.2295 57.5 Ratio POLICY -9.53 -0.0953 47.5 3 Yr 2007   -9.05
Policy 2007 -12.55 Policy 2007 -23.37 3 Yr 2007 -2.44 -6.1 10.97 11.93
Ratio 11.96   10.73 Ratio 16.64 17.17 -2.6 6.1 4.97 -12.2 84   20.98
3 Yr 26 23.28 3 Yr 31 40.54 -2.4 17 7.41 50.1 12.99 -20.13
-18.3 11.03 -23.25 -33.2 14.69   -37.98 107.3 5.48   -0.81 5 Yr 54   9.69
-19.2 47 10.22 -33.5 76 17.84 5 Yr 21 3.63 -6.8 17.06 1
94.9 14.06 1 99.2 20.22   1 -2 8.34   1 ################################ 14.61   0
5 Yr 12.01 0 5 Yr 16.95 0 -2.2 5.08 0 63.7 2002 FUND 13.21 0.1321 1
-15.2 2002 FUND 10.9 0.109 1 -25.9 2002 FUND 15.7 0.157 1 90.7 2002 FUND 4.08 0.0408 1 10 Yr UNIVERSE 11.41 -0.09
############################## UNIVERSE 10.15 -0.16 -25.7 UNIVERSE 14.77 -0.29 10 Yr UNIVERSE 3.42 0.79 -9.3 POLICY 9.71 0.0971 -0.9
95.5 POLICY 8.76 0.0876 -1.63 100.8 POLICY 12.39 0.1239 -5.13 ################################## POLICY 2.42 0.0242 2.86 -13.8 2006   0
10 Yr 2006 0 10 Yr 2006 0 ################################## 2006 0 67.4 3.73 Diff
-13.7 6.57   Diff -28.7 9.02 Diff 90.1 3.48 Diff 12/31/1997 80   -1
-15 82 0 ################################## 76 -1 12/31/1997 65 0 Incept 4.97 1
91.5 8.28 0 4/10/1900 11.36   1 Incept 3.67   0 -9.3 59   -10
12/31/1997 34 5 12/31/1997 25 -15 -2.6 56 5 -13.8 8.12 1.76
Incept 10.05 0.31 Incept 13.74   -2.04 -2.9 7.89   0.17 67.4 6.64   -1.47
-13.7 8.58 -1.33 -28.7 11.21 -1.49 88.7 4.97 0.42 2001 FUND 5.35 0.0535 -3.23
-15 2001 FUND 7.76 0.0776 -1.64 -28.7 2001 FUND 10.33 0.1033 0.55 2001 FUND 3.84 0.0384 0.25 UNIVERSE 4 7.03
91.7 UNIVERSE 6.9 1.79 100 UNIVERSE 9.1 0.63 UNIVERSE 3.21 0.45 POLICY 2.37 0.0237 -1.94
POLICY 5.4 0.054 -1.11 POLICY 6.48 0.0648 -0.45 POLICY 2.34 0.0234 0.21 2005   -0.23
2005 -0.12 2005 -0.04 2005 0.03 8.2 1.56
8.42   -0.18 12.84 -0.85 2.95 0.25 62   -0.08
88 -0.03 79 -0.04 51 -0.05 7.07 0.12
9.06 -0.06 13.21   -0.05 2.8   0.07 83   1.21
75 -0.6 71 -1.01 54 0.35 13.66 3.11
13.69 2.11 19.18   3.4 8.31   0.84 11.14   Incept
11.85 Incept 16.56 Incept 4.72 Incept 2000 FUND 8.86 0.0886 # of Negative Qtrs
2000 FUND 10.1 0.101 # of Negative Qtrs 2000 FUND 14.09 0.1409 # of Negative Qtrs 2000 FUND 2.96 0.0296 # of Negative Qtrs UNIVERSE 7.44 # of Positive Qtrs
UNIVERSE 9.06 # of Positive Qtrs UNIVERSE 13.07 # of Positive Qtrs UNIVERSE 1.87 # of Positive Qtrs POLICY 6.18 0.0618 Batting Average
POLICY 7.71 0.0771 Batting Average POLICY 11.49 0.1149 Batting Average POLICY 0.83 0.0083 Batting Average 2004 Worst Qtr
2004 Worst Qtr 2004 Worst Qtr 2004 Worst Qtr 3.06 Best Qtr
7.44 Best Qtr 12.55 Best Qtr 3.36 Best Qtr 100 Range
97 Range 89 Range 63 Range 5.45 Worst 4 Qtrs
10.73 Worst 4 Qtrs 15.46 Worst 4 Qtrs 3.68 Worst 4 Qtrs 87 Standard Deviation
68 Standard Deviation 56 Standard Deviation 57 Standard Deviation 12.04 Beta
16.07 Beta 21.85 Beta 12.11 Beta 9.03 Annualized Alpha
13.24 Annualized Alpha 17.52 Annualized Alpha 6.14 Annualized Alpha 7.73 R-Squared
11.47 R-Squared 15.71 R-Squared 4.1 R-Squared 6.28 Sharpe Ratio
10.33 Sharpe Ratio 14.45 Sharpe Ratio 2.65 Sharpe Ratio 4.41 Treynor Ratio
7.93 Treynor Ratio 10.37 Treynor Ratio 0.83 Treynor Ratio 2003 Tracking Error
2003 Tracking Error 2003 Tracking Error 2003 Tracking Error 12.61 Information Ratio
14.37 Information Ratio 24.55 Information Ratio 5.52 Information Ratio 80 Fund
85 Fund 49 Fund 33 Fund 16.84 18
17.04 19 24.8 18 5.4 13 34 28
45 27 47 28 33 33 26.32 50
25.42 54.35 29.7 43.48 29.58 52.17 17.96 -7.29
19.24 -12.24 26.78 -25.41 8.2 -2.27 15.32 14.62
16.6 12.53 24.51 19.75 3.7 5.39 13.05 21.91
15.22 24.77 22.47 45.16 2.68 7.66 10.71 -13.1
12.76 -21.46 18.68   -37.35 1.55 -1.19 2002 8.86
2002 9.77 2002 18.03 2002 3.93 -5.61 0.85
-7.32 0.91 -19.84   0.95 9.39 1.03 35 2.82
40 0.11 84 -0.69 8 0.25 -7.3 0.82
-8.77 0.97 -19.57 0.97 8.6 0.96 62 0.29
66 0 80 -0.15 17 0.74 -1.36 3.02
-2.64 0.04 -10.3   -2.8 9.57 2.83 -4.91 4.01
-6.01 2.03 -15.08 3.33 8.18 0.81 -6.57 0.59
-7.98 -0.09 -17.58   -0.23 6.93 0.56 -8.25 Policy
-9.24 Policy -19.37 Policy 4.91 Policy -12.1 18
-12 19 -21.14 19 -2.96 13 2001 28
2001 27 2001 27 2001 33 -13.1 50
-9.99 45.65 -26 56.52 13.48 47.83 54 -9.05
39 -12.55 55 -23.37 5 -2.44 -20.13 11.93
-12.48 12.55 -26.85 21.3 12.95 4.97 86 20.98
60 25.1 61 44.67 10 7.41 -2.42 -20.13
3.32 -23.25 -2.24 -37.98 13.45 -2.05 -8.63 9.4
-5.68 10.59 -15.61 18.62 11.23 3.73 -12.42 1
-11.59 1 -25.32 1 9.73 1 -17.33 0
-14.67 0 -28.42 0 7.09 0 -24.6 1
-23.6 1 -41.31 1 -10.81 1 0.02
0.02 -0.1 0.66 0.22
0.22 -1.9 2.46 0
0 0 0 Diff
Diff Diff Diff 0
0 -1 0 0
0 1 0 0
8.7 -13.04 4.34 1.76
0.31 -2.04 0.17 2.69
-0.02 -1.55 0.42 0.93
-0.33 0.49 0.25 7.03
1.79 0.63 0.86 -0.54
-0.82 -0.59 0.2 -0.15
-0.09 -0.05 0.03 2.82
0.11 -0.69 0.25 -0.18
-0.03 -0.03 -0.04 0.27
-0.02 -0.05 0.08 2.8
-0.18 -0.9 0.37 4.01
2.03 3.33 0.81 5.08