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 Broad Large Cap Value Core 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 Incept 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 June 30, 2009 Batting Average Returns are net of fees. Incept is June 30, 2008 to June 30, 2009 Batting Average Returns are net of fees. Incept is March 31, 2004 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
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
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
9,612 Universe R-Squared 6,579 Universe R-Squared 2,745 Universe R-Squared
-303 5th %-tile Sharpe Ratio 128 5th %-tile Sharpe Ratio 54 5th %-tile Sharpe Ratio
1,365 25th %-tile Treynor Ratio 947 25th %-tile Treynor Ratio 473 25th %-tile Treynor Ratio
10,674 50th %-tile Tracking Error 7,654 50th %-tile Tracking Error 3,272 50th %-tile Tracking Error
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
    4,106 1 Yr 4 9,814   2 Qtrs   3 4,300 2 Qtrs 5
  6,054 -21.88 -0.2188 8 117   -1.65 -0.0165 1 61 2.48 0.0248 7
    514 14 50 -2,276   94   50 -1,089 34 Batting Average 41.67
10,674 -24.5 -0.245 -23.11 7,654 -3 -0.0287 -21.93 3,272 -5.17 -0.0517 -27.11
12/31/1997 28 14.32 6/30/2008 4/7/1900 14.35 3/31/2004 94 17.31
Incept -18.17 37.43 Incept 6.03 36.28 Incept 7.69 44.42
  10,999 -24.22 -36.45   10,493 3 -28.18 2,986 3.86 -33.11
-7,717 -26.47 17.62 115 3.09 26.62 721 1.16 Standard Deviation 23.5
                  - 7,391 -28.94 0.92 -2,954     1 0.89 0.0089 -435 0.62 Beta 0.94  
10,674  10,674,000 -33.46 0.74 7,654    7,654,000 -2 -2.87 -0.0287 3,272   3,272,000 -6.27 Annualized Alpha 0.64 0.0064
Investment Policy 2 Yr 0.98 Investment Policy 3 Qtrs 0.98 Investment Policy 3 Qtrs R-Squared 0.91
Index -12.6 -0.126 -0.41 Index -23.22 -0.2322 -1.09 Index -25.3 -0.253 -0.59
Russell 1000 Growth 6 -7.89 Russell 1000 Value 98 -32.54 Russell 2000 Value 81 -14.82
Total -15.74 -0.1574 3.06 Total -24.41 -0.2441 4.99 Total -28.78 -0.2878 7.31
Weight 31 0.4 Weight 99 0.17 Weight 100 0.16
70 100 -12.5 R1000G 100 -17.02 R1000V 100 -14.6 Policy R2000V
30 100 -15.08 5 100 -19.36 3 100 -22.24 6
100 50 Trailing Returns through June 30, 2009 -16.87 7 Trailing Returns through June 30, 2009 -19.56 1 Trailing Returns through June 30, 2009 -23.83 6
Trailing Returns through March 31, 2008 -8.57 Fund -19.41 50 Fund -20.61 50 Fund -24.42 58.33
Fund 5.08 R1000G -21.58 -22.79 R1000V -22.92 -22.18 R2000V -27.05 -24.89
Policy     13.65 Diff   3 Yr   16.32 Diff   1 Yr   16.7 Diff 1 Yr #VALUE! 18
Diff 1 Yr FUND 0 -8.71 1 Yr 1 Yr FUND -4.22 -0.0422 39.11 1 Yr 1 Yr FUND -28.18 -0.2818 38.88 1 Yr -23.52 -0.2352 42.89
1 Yr UNIVERSE 11.19 ################################## UNIVERSE 12 -38.44 ################################ UNIVERSE 93 -29.03 ################################### 52 0.52 -38.89
-12.71 POLICY 0 1 -24.5 POLICY -5.45 -0.0545 18.97 -29.03 POLICY -29.03 -0.2903 29.6 -25.24 -25.24 -0.2524 23.84
-8.71 0 2.62 26 1 0.85 95 1 1.72 79 1
-4 1 2 Yr -2.73 0 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -22.83 0 2 Yr -14.76 0
2 Yr -1.15 ################################## -5.44 1 6/30/2008 -25.52 1 ################################### -18.93 1
################################# -12.9 -15.74 -6.62 -0.45 Incept -26.2 -1.01 -23.46 -23.44 -0.63
0.85 0 3.14 -8.42 -8.49 -28.18 -26.6 -29.81 0.03 -25.11 -15.11
-2.2 Diff 3 Yr -10.38 0 -29.03 -29.24 0 3 Yr -26.82 0
3 Yr 0 -4.22 4 Yr Diff 1/0/1900 2 Yr Diff ################################### 2 Yr = Diff
   1/2/1900   0   ################################## -1.84 -0.0184 -1    Fiscal Year Returns Ending September 2 Yr FUND ################################# -0.179 0   ################################### -23.43 -0.2343 -1
   1/5/1900 0   1/1/1900 25 1    Fund UNIVERSE -19.85 0   1.18 100 1
  -2.98   -0.9   4 Yr -2.69 -0.0269 0   R1000V POLICY -20.49 -0.2049 0   4 Yr -23.46 -0.2346 -16.66
4 Yr 0.89 -1.84 40 -0.32 Diff -21.93 0.25 ################################### 100 -2.22
1/4/1900 2.02 1.79 ################################## 0.04 -2 6/30/2009 -24.21 -2.35 ################################### -16.12 -0.69
1/6/1900 1.06 -4 0.85 -1.89 -1.68 Qtr   3 Yr -2.6 0.39 -17.63 1.53
-1.99 0.12 0.13 5 Yr -3.22 1.99 14.35 -6.43 0.85 5 Yr -19.01 5.78
5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -1.17 -0.08 -0.72 -4.21 -1.35 1/16/1900 -8.05 -2.98 ################################### -20.33 -0.34
3/31/2004 3 Yr -4.94 -1.83 -5.87 -0.08 ################################ -8.65 -0.11 ################################### -22.93 -0.06
Incept 2.48 -0.17 1.11 5 Yr 0.74 2009 -9.7 -2.87 -1.12 3 Yr #VALUE! 0.64
1/4/1900 3 YR FUND 99 0.99 -0.34 6 Yr 3 YR FUND -0.72 -0.0072 -0.02 YTD   -11.29 -0.1129 -0.02 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -10.89 -0.1089 -0.09
1/6/1900 UNIVERSE 5.46 -5.47 1/1/1900 UNIVERSE 33 0.04 -23.22   4 Yr -0.08 3/31/2004 89 0.89 0.04
-1.99 POLICY 54 0.54 4.69 1.21 POLICY -1.83 -0.0183 0.6 ################################   -1.98 -0.0198 -2.73 Incept -12.07 -0.1207 0.29
Fiscal Year Returns Ending September 9.29 2 Yr 0.3 60 3.06 1.19   -3.61 4.99 -1.75 100 7.31
Fund 6.48 5 Yr # of Negative Qtrs 7 Yr 1.51 5 Yr 5 Yr 2008 2007 2006 2005 2004 2003 2002 2001 2000 -4.37 4 Yr -2.01 -3.29 4 Yr
Policy 5.57 # of Positive Qtrs 1/1/1900 -0.36 # of Negative Qtrs Returns in Up Markets ################################# # of Negative Qtrs 0.26 -8.13 # of Negative Qtrs
Diff 4.79 Batting Average 1.46 -1.52 # of Positive Qtrs Fund -6.43 # of Positive Qtrs Fiscal Year Returns Ending September -8.53 # of Positive Qtrs
3/31/2008 3.37 Worst Qtr ################################## -2.46 Batting Average R1000V 5 Yr Batting Average Fund -9.9 Batting Average
Qtr 4 Yr Best Qtr 8 Yr -4.19 Worst Qtr Ratio 0.88 Worst Qtr R2000V -11.29 Worst Qtr
################################# 4.02 Range ################################## 6 Yr Best Qtr 6/30/2008 -0.88 Best Qtr Diff 4 Yr #VALUE! Best Qtr
################################# 99 Worst 4 Qtrs ################################## 1.51 0.0151 Range Incept -2.02 -0.0202 Range 6/30/2009 -5.66 -0.0566 Range
1.57 6.01 Standard Deviation 1/1/1900 48 Worst 4 Qtrs 1/14/1900 ################################# Worst 4 Qtrs Qtr 97 0.97 Worst 4 Qtrs
2008 64 Beta 9 Yr 1.21 0.0121 Standard Deviation 16.7 -3.61 -0.0361 Standard Deviation 17.31 -6.05 -0.0605 Standard Deviation
YTD 9.49 Annualized Alpha ################################## 59 Beta 85.9 6 Yr Beta 1/18/1900 100 Beta
################################# 7.35 R-Squared ################################## 4.14 Annualized Alpha Returns in Down Markets 4.12 Annualized Alpha -0.69 0.75 Annualized Alpha
-12.7 6.39 Sharpe Ratio 3.16 2.66 R-Squared Fund 2.44 R-Squared 2009 -1.98 R-Squared
-3.11 5.72 Treynor Ratio 10 Yr 1.38 Sharpe Ratio R1000V 1.28 Sharpe Ratio YTD -3.62 Sharpe Ratio
2007 4.77 Tracking Error ################################## 0.53 Treynor Ratio Ratio 0.61 Treynor Ratio ################################### -4.34 Treynor Ratio
1/13/1900 5 Yr Information Ratio ################################## -0.69 Tracking Error 6/30/2008 -0.25 Tracking Error ################################### -5.52 Tracking Error
13.3 16.12 Fund 2.58 7 Yr Information Ratio Incept 7 Yr Information Ratio 3.48 5 Yr Information Ratio
-0.13 5 YR FUND 14.16 0.1416 4 12/31/1997 5 YR FUND 1.06 0.0106 Fund Fund -37.2 3.69 0.0369 Fund 2008 -3.39 -0.0339 Fund
2006 UNIVERSE 13.2 4 Incept UNIVERSE 58 7 ################################   1.88 6 ################################### 100 6
11.07 POLICY 12.39 0.1239   62.5 1/2/1900 POLICY 1.46 0.0146 13 94.9   1.02 0.0102 10 -12.25 -2.27 -0.0227 10
1/11/1900 11.7 Batting Average -9.47 1/0/1900 46 Batting Average 55 ################################   0.51 31.25 -3.53 96 43.75
-0.74 6 Yr 7.59 2.48 4.24 -23.11 2006 -0.77 -8.13 2007 3.67 -27.11
6/27/1905 8.92 17.06 Fiscal Year Returns Ending September 2.33 14.32 1/11/1900 8 Yr 8.88 1/12/1900 1 17.31
1/11/1900 6.86 -12.71 Fund 1.28 37.43 14.62 2.38 17.01 1/6/1900 -0.54 44.42
13.96 5.93 9.84 R1000G 0.33 -36.45 ################################ 0.44 -23.7 6.29 -1.06 -33.11
-2.79 5.15 Standard Deviation 0.96 Diff -0.78 Standard Deviation 14.95 2005 -0.6 9.88 2006 -2.22 21.58
2004 2003 2002 2001 2000 1999 4.14 Beta -2.1   6/30/2009 8 Yr Beta 0.93 1/10/1900 -1.75 0.87   1/9/1900 6 Yr 0.94
Returns in Up Markets 7 Yr Annualized Alpha 0.87 0.0087 Qtr -1.43 Annualized Alpha 0.95 0.0095 1/16/1900 -2.48 -1.68 -0.0168 1/14/1900 7.54 0.15 0.0015
Fund 8.61 R-Squared -0.6 14.32 41 R-Squared 0.97 ################################ Fiscal Year Returns Ending September 0.89 ################################### 5.87 0.91
Policy 7.29 -6.19 16.32 -2.55 -0.25 6/26/1905 Fund -0.19 2005 4.51 -0.41
Ratio 6.41 3.62 -2 66 -4.02 1/16/1900 Return ####### -2.14 1/12/1900 3.97 -9.5
1 Yr 5.65 -0.61 2009 1.04 2.61 1/20/1900 %-tile 3.58 17.75 3.26 6.71
1/6/1900 4.87 Policy YTD -0.77 0.43 ################################ R1000V ####### -0.63 -4.82 7 Yr 0.06
5.1 8 Yr Policy 4 -12.9 -1.81 Policy R1000G 2003 2002 2001 2000 1999 Return R1000V 2004 2003 2002 2001 2000 6.91 R2000V
117.5 8.67 4 -13.89 -3.05 8 Returns in Up Markets %-tile ####### 5 Returns in Up Markets 4.6 7
2 Yr 7.07 37.5 0.99 -4.2 12 Fund Universe 11 Fund 3.34 9
20 5.68 -8.57 2008 9 Yr 45 R1000V 5th %-tile ####### 68.75 R2000V 3.02 56.25
19.2 3.75 7.4 -17.28 -3.86 -22.79 Ratio 25th %-tile -8.72 Ratio 1.66 -24.89
104.2 2.26 15.97 -20.88 47 16.32 3 Yr 50th %-tile ####### 10.38 3 Yr 8 Yr 18
3 Yr Fiscal Year Returns Ending September -8.71 3.6 -7.02 39.11 1/15/1900 75th %-tile 19.1 1/28/1900 6.08 42.89
1/15/1900 Fund 9.52 2007 90 -38.44 16.9 95th %-tile ####### -23.56 27.4 5.11 -38.89
17.3 Return Standard Deviation 1 1/19/1900 0.76 Standard Deviation 15.82 88.4 Qtr 10.67 102.7 4.44 21.77
88.2 %-tile 0 19.35 -2.58 1 4 Yr 14.35 0.1435 1 4 Yr QU. FUND 3.64 0.0364 1
3/31/2004 Policy 1 -0.03 -4.02 0 1/13/1900 96 0 1/27/1900 UNIVERSE 1.75 0
Incept Return -0.39 2006 -5.4 1 16.8 16.7 0.167 1 26.4 POLICY Fiscal Year Returns Ending September #VALUE! 1
1/16/1900 %-tile -3.74 4.42 -7.88 -0.31 3/19/1900 26 0.04 102.3 Fund -0.43
18.9 Universe 0 6.03 10 Yr -4.85 5 Yr QU. FUND 18.5 0.39 5 Yr Return #VALUE! -9.32
89 5th %-tile Diff -1.61 -1.6 0 1/14/1900 UNIVERSE 16.7 0 1/23/1900 %-tile 0
Returns in Down Markets 25th %-tile 0 2005 43 Diff 17.8 POLICY 15.93 Diff 26.3 R2000V #VALUE! Diff
Fund 50th %-tile 0 12.97 -4.18 -1 80.2 15.79 1 88.6 Return -1
Policy 75th %-tile   25 11.6 89   1 12/31/2002 14.4 0.144 -1 3/31/2004 %-tile #VALUE! 1
Ratio 95th %-tile -0.9 1.37 2.19 10 Incept YTD -37.5 Incept Universe -12.5
1 Yr Qtr   0.19 2004 -0.63   -0.32 18 -23.22 -0.2322 0.59 24.4 5th %-tile #VALUE! -2.22
-17.6 -7 1.09 4.45 -1.88 -2 20.6 98 -1.5 24.4 25th %-tile #VALUE! -0.69
################################# 7 -4 1/7/1900 -3.3 -1.68 3/27/1900 -24.41 -0.2441 -2.09 99.9 50th %-tile #VALUE! 1.53
134.2 -8.57 0.32 -3.06 -5.4 1.99 Returns in Down Markets 99 -0.14 Returns in Down Markets 75th %-tile #VALUE! 5.78
2 Yr 46 -0.04 2003 Fiscal Year Returns Ending September -0.87 Fund -17.02 -0.1702 -0.79 Fund 95th %-tile #VALUE! -0.19
-18.9 -6.78 -2.1 1/20/1900 Fund -0.07 R1000V -19.36 -0.13 R2000V Qtr -0.06
################################# -7.9   -0.13 1/25/1900 Return   0.95 Ratio -19.56 -0.1956 -1.68 Ratio 17.31 0.1731 0.15
128.7 -8.75 -0.21 -5.89 %-tile -0.03 3 Yr -20.61 -0.11 3 Yr 69 -0.09
3 Yr -9.5   -2.45 2002 R1000G   0.06 -19.8 -22.92 -0.2292 -0.23 -38 18 0.18 0.02
-18.9 -10.48 3.62 ################################## Return 0.83 -19.5 2008 -2.53 -39.3 66 -0.18
################################# QU. FUND YTD ####### 3 Yr ################################## %-tile 2.61 101.6 -18.19 3.58 96.7 24.01 6.71
128.7 UNIVERSE -15.81 # of Negative Qtrs 4.82 Universe 10 Yr 4 Yr -20.59 Incept 5 Yr 4 Yr 21.94 5 Yr
3/31/2004 POLICY 98 0.98 # of Positive Qtrs 2001 5th %-tile # of Negative Qtrs -19.8 -22.13 # of Negative Qtrs -35.6 19.42 # of Negative Qtrs
Incept -12.7 Batting Average -33.13 25th %-tile # of Positive Qtrs -19.5 -23.65 # of Positive Qtrs -35.8 16.93 # of Positive Qtrs
################################# 54 Worst Qtr ################################## QU. FUND 50th %-tile Batting Average 4/10/1900 2004 FUND -26.75 -0.2675 Batting Average 99.4 15.86 Batting Average
-12.4 -9.88 Best Qtr 12.51 UNIVERSE 75th %-tile Worst Qtr 5 Yr UNIVERSE 2007 Worst Qtr 5 Yr YTD Worst Qtr
114.6 -11.53 Range 2000 POLICY 95th %-tile Best Qtr -19.8 POLICY 19.28 0.1928 Best Qtr -33 -25.3 Best Qtr
S&P500 -12.52 Worst 4 Qtrs 26.61 Qtr Range -19.5 16.37 Range -33.5 81 Range
Ratio -13.62   Standard Deviation 1/23/1900 14.32 0.1432 Worst 4 Qtrs 101.6 15.87 Worst 4 Qtrs 98.6 -28.78 Worst 4 Qtrs
3 Yr -15.19 Beta 3.18 80 Standard Deviation 12/31/2002 14.46 Standard Deviation 3/31/2004 100 Standard Deviation
-40.5 2007   Annualized Alpha Returns in Up Markets 16.32 0.1632 Beta Incept 10.52 Beta Incept -14.6 Beta
-40.8 13.17 R-Squared Fund 44 Annualized Alpha -19 2006 Annualized Alpha -33 -22.24 Annualized Alpha
99.2 83 Sharpe Ratio R1000G 20.56 R-Squared -19.3 15.52   R-Squared -33.5 -23.83 R-Squared
5 Yr 13.3 Treynor Ratio Ratio 17.66 Sharpe Ratio 4/7/1900 13.38 Sharpe Ratio 98.6 -24.42 Sharpe Ratio
-31 82 Tracking Error 3 Yr 15.95 Treynor Ratio 2003 FUND 11.6 0.116 Treynor Ratio -27.05 Treynor Ratio
-30.9 20.14 Information Ratio 21.3 14.81 Tracking Error UNIVERSE 10.53 Tracking Error 2008 Tracking Error
100.2 16.71   Fund 1/24/1900 11.73   Information Ratio POLICY 9.14 0.0914 Information Ratio -15.78 Information Ratio
6 Yr 15.09 4 3/28/1900 YTD Fund 2005 Fund 80 Fund
-30.8 13.63   8 5 Yr -12.9   16 20.35 8 -12.25 8
-31.3 11.48 50 1/20/1900 21 24 16.69   12 29 12
98.5 2003 FUND 2006 20.06 -9.47 1/21/1900 -13.89 47.5 13.27   Batting Average 35 -8.19 40
12/31/1997 UNIVERSE 11.07 7.59 4/1/1900 31 -23.11 11.94 -8.13 -11.35 -27.11
Incept POLICY 44 0.44 17.06 10 Yr -8.16 18.83 8.78   14.81 -14.45 17.31
-30.8 11.81 -12.71 26 -13.56 41.94 2004 22.94 -14.96 44.42
-31.3 28 9.18 30.7 2004 FUND -15.65 -0.1565 -36.45 2002 FUND 23.74   -23.7 -17.49 -33.11
4/7/1900 13.63 0.91 3/24/1900 UNIVERSE -17.33 17.8 UNIVERSE 19.24 Standard Deviation 9.85 2007 20.57
11.93   -2.35 12/31/1997 POLICY -21.23 -0.2123 0.81   NA 16.36   Beta 0.88 12.37 0.94
10.71 0.87 0.0087 Incept 2008 1.54 0.0154 13.69 Annualized Alpha -1.57 -0.0157 55 -1.17 -0.0117
8.99   -0.19 30.1 -17.28 0.95 13.09   R-Squared 0.87 6.08 0.9
6.6 -1.9 2/3/1900 10 -0.26 2003 0.15 100 -0.31
2002 FUND 2005 20.05 3.47 87.5 -20.88   -5.78 30.02 1.72 23.98 -6.82
UNIVERSE 11.17 -0.86 Returns in Down Markets 32 5.65 24.33 3.72 15.39 6.64
POLICY 95 0.95 Policy Fund -15.25   0.46 23.38 -0.68 12.62 -0.17
13.96 4 R1000G -20.07 R1000G 20.65 Policy R1000V 9.91 R2000V
66 8 Ratio 2003 FUND -22.53 -0.2253 18   16.55   5 7.04 8
22.41 50 3 Yr UNIVERSE -25.72 22   2002 15 2006 12
17.21   -8.57 -31.2 POLICY -29.44 -0.2944 52.5   -7.8   65 9.21 60
14.97 7.4 -35.5 2007 -22.79 -14.31 -8.72 55 -24.89
13.26   15.97 88 19.32 25.14 -17.02 14.19 14 18
11.01 -8.71 5 Yr 46 47.93 -20.6 22.91 1 42.89
2001 FUND 2004 20.04 9.37 ################################## 19.35   -45.64   -22.34 -23.56 13.25 -38.89
UNIVERSE 23.62 1 ################################## 46 21.5   2001 Standard Deviation 10.43 11.5 20.65
POLICY 19.76 0.1976 0 3/27/1900 27.74   1   8.58 1 9.78 1
17.24 1 10 Yr 21.53 0 -0.99 0 6.28 0
15.21 0.13 -27.2 2002 FUND 18.79 0.1879 1 -9.47   1 -2.91 1
12.19 1.25 -34.4 UNIVERSE 15.69 -0.34 -26.59 0.39 2005 -0.26
2003   0 79.1 POLICY 10.15 0.1015 -7.26 -26.99   4.03 12.93 -5.29
27.84 Diff 12/31/1997 2006 0 43 0 91 0
25.03   0 Incept 4.42 Diff 20.52 Diff 17.75 Diff
23.22 0 -27 65 -2 10 3 71 0
2000 FUND 20.96 0.2096 0 -34.3 6.03   2 22.45 -3 24.63 0
UNIVERSE 18.02 -0.9 78.7 49 -5 18.97 -30 21.81 -20
POLICY 2002 20.02 0.19 11.56   -0.32 16.22 0.59 20.3 -2.22
-5.31 1.09 8.5 -6.31 13.84 0.62 16.98 -0.69
-10.93 -4 2001 FUND 5.96 0.0596 -5.99 13.19 0.03 11.37 1.53
-13.63 -0.19 UNIVERSE 3.16 9.19 2003 -0.14 2004 5.78
-15.7   -0.09 POLICY -3.37 -0.0337 -3.7 29.45 -0.58 33.25 -0.08
-18.62 -2.35 2005 -0.19 24.5 -0.12 24.88 -0.06
2001   -0.13 12.97 1.54 23.64 -1.57 22.79 -1.17
4.41 -0.32 63 -0.05 20.59 -0.13 19.56 -0.1
1999 FUND -3.06 -0.0306 -3.15 11.6   0.08 16.24 -0.24 13.41 -0.05
UNIVERSE -8.63 3.47 74 1.48 2002 -2.31 2003 -1.53
POLICY -15.13 -0.1513 Incept 26.56   5.65 -8.3 3.72 36.11 6.64
-20.75 # of Negative Qtrs 18.97 Incept -14.37 Incept 29.71 Incept
2000 # of Positive Qtrs 2000 FUND 14.4 0.144 # of Negative Qtrs -17.9 # of Negative Qtrs 26.15 # of Negative Qtrs
22.04 Batting Average UNIVERSE 11.48 # of Positive Qtrs -20.69 # of Positive Qtrs 22.71 # of Positive Qtrs
15.71 Worst Qtr POLICY 7.67 0.0767 Batting Average -22.62 Batting Average 14.77 Batting Average
11.94 Best Qtr 2004 Worst Qtr 2001 Worst Qtr 2002 Worst Qtr
7.53 Range 4.45 Best Qtr 7.8 Best Qtr 9.49 Best Qtr
2.05 Worst 4 Qtrs 88 Range -2.53 Range 2.65 Range
1998 FUND 30.71 Standard Deviation 7.51 Worst 4 Qtrs -10.48 Worst 4 Qtrs -2.41 Worst 4 Qtrs
UNIVERSE 16 Beta 63 Standard Deviation -26.59 Standard Deviation -6.84 Standard Deviation
POLICY 28.58 Annualized Alpha 17.89 Beta -27.09 Beta -14.06 Beta
25 R-Squared 11.72 Annualized Alpha 2000 Annualized Alpha 2001 Annualized Alpha
35.85 Sharpe Ratio 8.74 R-Squared 26.23 R-Squared 14.31 R-Squared
28.5 Treynor Ratio 6.26 Sharpe Ratio 16.75 Sharpe Ratio 8.77 Sharpe Ratio
25.14 Tracking Error 2.04 Treynor Ratio 12.87 Treynor Ratio 3.66 Treynor Ratio
17.48 Information Ratio 2003 Tracking Error 7.17 Tracking Error -5.01 Tracking Error
7.55 Fund 20.02 Information Ratio 1.36 Information Ratio -19.22 Information Ratio
1997 6 63 Fund Fund Fund
36.26 10 25.91 17 9 8
32.81 43.75 19 29 14 13
30.27 -9.47 34.24 47.83 43.48 42.86
25.81 9.74 24.4 -23.11 -8.13 -27.11
15.95 19.21 21.58 21.83 17.8 17.31
1996 -12.71 18.63 44.94 25.93 44.42
28.82 8.97 13.1 -36.45 -23.7 -33.11
23.34 0.89 2002 18.51 10.39 20.25
21.69 -1.22 -17.69 0.81 0.9 0.93
18.67 0.86 19 2.17 -0.71 -0.0071 0.24 0.0024
13.52 0.05 -22.51 0.96 0.88 0.88
0.53 60 -0.04 0.4 -0.23
3.51 -12.54 -1.02 4.58 -5.02
-0.57 -18.67 5.65 3.78 7.1
Policy -21.5 0.44 -0.43 0.04
6 -24.59 R1000G R1000V R2000V
10 -30.7 19 6 8
56.25 2001 27 17 13
-8.57 -33.13 52.17 56.52 57.14
10.43 24 -22.79 -8.72 -24.89
19 -45.64 26.74 17.27 18
-8.71 74 49.53 25.99 42.89
9.37 -27.62 -45.64 -23.56 -38.89
1 -33.35 22.29 10.79 20.41
0 -38.5 1 1 1
1 -46.64 0 0 0
0.26 -56.07 1 1 1
2.46 -0.15 0.53 -0.24
0 -3.31 5.76 -4.93
Diff 0 0 0
0 Diff Diff Diff
0 -2 3 0
-12.5 2 -3 0
-0.9 -4.34 -13.04 -14.28
-0.69 -0.32 0.59 -2.22
0.21 -4.91 0.53 -0.69
-4 -4.59 -0.06 1.53
-0.4 9.19 -0.14 5.78
-0.11 -3.78 -0.4 -0.16
-1.22 -0.19 -0.1 -0.07
-0.14 2.17 -0.71 0.24
-0.21 -0.04 -0.12 -0.12
-1.93 0.11 -0.13 0.01
3.51 2.29 -1.18 -0.09
3.51 5.65 3.78 7.1