SUNRISE POLICE
LOCK ALETHEIA     LOCK LOCK ALETHEIA UNIVERSE HERE LOCK LOCK ALETHEIA RISK HERE LOCK LOCK Mutual of America LOCK LOCK Mutual of America LOCK LOCK Mutual of America LOCK LOCK N/A LOCK LOCK N/A LOCK LOCK N/A LOCK
Sunrise Police Sunrise Police % Sunrise Police Sunrise Police Sunrise Police Sunrise Police % Sunrise Police Sunrise Police Sunrise Police %
Aletheia (Growth Equity + Cash) Aletheia (Growth Equity + Cash) Aletheia (Growth Equity + Cash) Mutual of America Mid-cap Equity (inception 4/1/2008) Mutual of America Mid-cap Equity (inception 4/1/2008) Mutual of America Mid-cap Equity (inception 4/1/2008) Putnam International Growth Fund Putnam International Growth Fund Putnam International Growth Fund
Executive Summary Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures
71 Broad Large Cap Growth Core 75 71 50% Broad Small Cap, 50% Broad Large Cap 75 82 International Equity 86
Inception date is March 31, 2007 73 1 Yr Inception date is March 31, 2008 73 1 Yr Inception date is December 31, 1999 84 1 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 net of fees. Incept is March 31, 2007 to March 31, 2009 Batting Average Returns are net of fees. Incept is March 31, 2008 to June 30, 2009 Batting Average Returns are net of fees. Incept is December 31, 1999 to September 30, 2003 Batting Average
Account Reconciliation Trailing Returns through March 31, 2009 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2009 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2003 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 S&P400 Standard Deviation Ending Value EAFE Standard Deviation
3/31/2009 Return Beta 6/30/2009 Return Beta 9/30/2003 Return Beta
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha
3,617 Universe R-Squared 3,188 Universe R-Squared 1,221 Universe R-Squared
-3,295 5th %-tile Sharpe Ratio 59 5th %-tile Sharpe Ratio 0 5th %-tile Sharpe Ratio
-322 25th %-tile Treynor Ratio 569 25th %-tile Treynor Ratio 69 25th %-tile Treynor Ratio
0 50th %-tile Tracking Error 3,817 50th %-tile Tracking Error 1,290 50th %-tile Tracking Error
2009 75th %-tile Information Ratio 2009 75th %-tile Information Ratio 2003 75th %-tile Information Ratio
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund
5,184 2 Qtrs 3 4,630 2 Qtrs 3 1,150 2 Qtrs 1
-3,291 -37.43 -0.3743 1 58 8.2 0.082 1 0 22.98 3
-1,893 100 25 -872 23 75 140 89 25
0 -25.97 -0.2597 -30.3 3,817 8.47 0.0847 -24.99 1,290 29.35 -8.78
3/31/2007 44 4.27 3/31/2008 21 17.82 12/31/1999 54 16.43
Incept -21.33 34.57 Incept 11.92 42.81 Incept 46.02 25.21
  5,766 -24.84 -47.43 4,905 7.86 -27.37 1,823 37.33 21.3
-3,293 -26.61 30.87 57 5.63 31.9 76 29.72 14.58
-2,473 -29.6 1.07 -1,146 3.14 0.96 -609 26.15 1.01
0 0 -31.41 -15.49 3,817 3,817,000 0.41 -0.58 1,290    1,290,000 21.22 -4.52
Investment Policy 3 Qtrs 0.78 Investment Policy 3 Qtrs 1 Investment Policy 3 Qtrs 0.97
Index -49.58 -0.4958 -1.57 Index -18.85 -0.1885 -0.88 Index 12.19 1.38
Russell 1000 Growth 100 -45.38 S&P Midcap 400 44 -29.32 MSCI EAFE 90 19.88
Total -35.1 -0.351 14.72 Total -19.25 -0.1925 1.33 Total 18.84 2.63
Weight 40 -0.89 Weight 49 0.49 Weight 55 -2
100 -31.33 R1000G 100 -13.99 S&P400 100 40.34 EAFE
100 -33.92 3 100 -17.18 3 100 27.72 1
Trailing Returns through March 31, 2009 -35.77 1 Trailing Returns through June 30, 2009 -19.38 1 Trailing Returns through September 30, 2003 19.83 3
Fund -37.32 75 Fund -21.29 25 Fund 15.37 75
R1000G -39.51 -22.79 S&P400 -23.42 -25.55 EAFE 10.53 -8.13
Diff 1 Yr 1.25 Diff 1 Yr 18.75 Diff 1 Yr 19.57
1 Yr 1 Yr FUND -47.43 -0.4743 24.04 1 Yr 1 Yr FUND -27.37 -0.2737 44.3 1 Yr 1 Yr FUND 21.3 0.213 27.7
############################### UNIVERSE 100 -34.28 ################################## UNIVERSE 83 -28.02 1/21/1900 UNIVERSE 79 26.55
-34.28 POLICY -34.28 -0.3428 25.46 -28.02 POLICY -28.02 -0.2802 33.18 26.55 POLICY 26.55 0.2655 14.13
-13.15 41 1 0.65 88 1 -5.25 48 1
2 Yr -29.74 0 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -16.83 0 2 Yr 51.17 0
############################### -33.24 1 3/31/2008 -22.24 1 1/0/1900 34.61 1
-19.24 -35.04 -1.39 Incept -24.56 -0.87 3.55 26.12 1.79
-5.74 -36.93 -35.41 -19.19 -26.62 -28.8 -3.11 21.8 25.33
3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -40.16 0 -19.81 -29.26 0 3 Yr 17.28 0
39172.00 2 Yr Diff 1/0/1900 2 Yr Diff -9.8 2 Yr Diff
Incept ROR Incept -24.98 -0.2498 0   Fiscal Year Returns Ending September -15.4 -0.154 0 ############################### 0.44 0.0044 0
Fund -24.98 100 0   Fund -17.87 0 -1.42 84 0
Policy -19.24 -19.24 -0.1924 -50   S&P400 -19.38 -0.1938 50 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 3.55 0.0355 -50
############################### 45 -7.51 Diff -20.9 0.56 12/31/1999 62 -0.65
Fiscal Year Returns Ending September -15.19 3.02 6/30/2009 -22.75 -0.93 Incept 27.66 -3.14
Fund -17.24 10.53 Qtr 3 Yr -1.49 -9.8 14.6 -2.49
R1000G -19.54 -13.15 17.82 -4.99 0.65 -9.79 5.01 -5.25
Diff -21.8 5.41 1/18/1900 -6.85 -1.28 -0.01 1.78 0.45
3/31/2009 -23.51 0.07 ################################## -8.22 -0.04 Calendar Year Returns -2.4 0.01
Qtr 3 Yr -15.49 2009 -9.48 -0.58 Fund 3 Yr -4.52
-10.23 3 Yr FUND -9.03 -0.0903 -0.22 YTD 3 Yr FUND -10.88 -0.1088 0 EAFE 3 Yr FUND -9.8 -0.098 -0.03
############################### UNIVERSE -11.03 -0.18 ################################## UNIVERSE 4 Yr -0.01 Diff UNIVERSE 67 -0.41
############################### POLICY -11.81 -0.1181 -9.97 ################################## POLICY -0.83 -0.0083 -0.52 9/30/2003 POLICY -8.38 -0.0838 -5.45
2009 -13.44 14.72 1/0/1900 -2.4 1.33 Qtr 57 2.63
YTD -15.27 Incept 2008 2007 2006 2005 2004 2003 2002 2001 2000 -3.47 Incept 5.62 8.62 5 Yr 2 Yr
############################### 4 Yr # of Negative Qtrs Returns in Up Markets -4.44 # of Negative Qtrs 8.18 -0.35 # of Negative Qtrs
############################### -3.44 # of Positive Qtrs Fund -5.6 # of Positive Qtrs -2.56 -7.16 # of Positive Qtrs
############################### -4.66 Batting Average S&P400 5 Yr Batting Average 6/25/1905 -11.15 Batting Average
2008 -5.9 Worst Qtr Ratio 1.34 Worst Qtr YTD -15.63 Worst Qtr
############################### -7.07 Best Qtr 1 Yr -0.11 Best Qtr 1/12/1900 4 Yr Best Qtr
############################### -8.5 Range 1/17/1900 -0.95 Range 18.84 9.62 Range
-1.33 5 Yr Worst 4 Qtrs 18.7 -1.82 Worst 4 Qtrs -6.65 2.03 Worst 4 Qtrs
2007 2006 2005 2004 2003 2002 2001 2000 -2.33 Standard Deviation 4/4/1900 -2.95 Standard Deviation 2002 -2.72 Standard Deviation
Returns in Up Markets -3.01 Beta 3/31/2008 6 Yr Beta ############################### -6.02 Beta
Fund -4.13 Annualized Alpha Incept 5.03 Annualized Alpha -15.65 -9.45 Annualized Alpha
R1000G -5.17 R-Squared 24.3 3.83 R-Squared -1.38 5 Yr R-Squared
Ratio 5 Yr FUND -6.35 Sharpe Ratio 1/25/1900 5 Yr FUND 3.02 Sharpe Ratio 2001 5 Yr FUND 18.09 Sharpe Ratio
1 Yr NA 6 Yr Treynor Ratio 96.4 NA 2.32 Treynor Ratio -19.79 NA 9.63 Treynor Ratio
1/4/1900   3.71 Tracking Error Returns in Down Markets   1.36 Tracking Error ###############################   4.27 Tracking Error
1.2 2.2 Information Ratio Fund 7 Yr Information Ratio 1.42 0.45 Information Ratio
341.6 1.07   Fund S&P400 4.32   Fund 2000 -2.84   Fund Fund
3/31/2007 0.08 5 Ratio 3.25 3 -9.02 6 Yr 3
Incept -0.9   3 1 Yr 2.51   2 -13.96 8.6   5
20.6 7 Yr 50 -38.4 1.82 80 4.94 2.76 Batting Average 37.5
12.7 -0.86 -30.3 -39.4 0.73 -24.99 1999 1998 1997 1996 1995 1994 -0.28 -20.7
6/9/1900 -2.46 8.59 4/6/1900 8 Yr 17.82 Returns in Up Markets -2.26 16.43
Returns in Down Markets -3.18 38.89 3/31/2008 3.44 42.81 Fund -5.28 37.13
Fund -4.09 -47.43 Incept 1.98 -34.97 EAFE 7 Yr -25.51
R1000G -5.01 25.59 -38.4 1.1 30.74 Ratio 10.45 Standard Deviation 16.96
Ratio 8 Yr 1.1 -39.4 0.09 0.96 1 Yr 5.19 Beta 1.01
1 Yr -0.42 -3.85 -0.0385 97.4 -1.12 -0.2 -0.002 33 2.28 Annualized Alpha -2.99 -0.0299
############################### -2.1 0.79 -3.87 Fiscal Year Returns Ending September 1 37.7 0.24 R-Squared 0.98
-35.1 -3.19 -1.08 1999 1998 1997 1996 1995 Fund -0.65 87.4 -3.6 -0.07
5/20/1900 -4.14 -25.12 Returns in Up Markets Return #VALUE! -20.97 2 Yr 8 Yr -1.15
3/31/2007 -4.65 11.89 Fund %-tile 1.2 35.7 10.08 2.59
Incept Fiscal Year Returns Ending September -0.48 EAFE S&P400 #VALUE! 0.52 37 5.69 -1.2
-45.6 Fund R1000G Ratio Return S&P400 96.5 3.12 Policy EAFE
-35.5 Return ####### 5 2 Yr %-tile #VALUE! 3 3 Yr 1.41 3
128.7 %-tile 3 44.6 Universe 2 35.7 -2.29 5
51.7 R1000G ####### 50 51.7 5th %-tile #VALUE! 20 37 Calendar Year Returns 62.5
78.9 Return -22.79 86.2 25th %-tile -25.55 96.5 Fund -19.69
3 Yr %-tile ####### 6.86 3 Yr 50th %-tile #VALUE! 18.75 12/31/1999 Return 19.57
2/4/1900 Universe 29.65 2/7/1900 75th %-tile 44.3 Incept %-tile 39.26
40.4 5th %-tile ####### -38.44 40.4 95th %-tile #VALUE! -36.1 35.7 EAFE -22.95
87.2 25th %-tile 20.71 94.6 Qtr 31.86 37 Return Standard Deviation 16.67
4 Yr 50th %-tile ####### 1 4 Yr 17.82 0.1782 1 96.5 %-tile   1
2/4/1900 75th %-tile 0 38.3 67 0 Returns in Down Markets Universe 0
40.4 95th %-tile ####### 1 40.4 18.75 0.1875 1 Fund 5th %-tile   1
87.2 Qtr -1.06 94.6 50 -0.65 EAFE 25th %-tile 0.12
12/31/1999 -10.23   -21.89 12/31/1999 22.45   -20.75 Ratio 50th %-tile   1.95
Incept 98 0 Incept 20.15 0 1 Yr 75th %-tile 0
35.3 -4.12   Diff 38.3 18.68   Diff -8.8 95th %-tile   Diff
40.4 39 0 40.4 17.23 0 -8.1 Qtr 0
87.2 0.73   0 94.6 15.39   0 108 QU. FUND 5.62 0.0562 0
Returns in Down Markets -3.44 0 Returns in Down Markets YTD 60 2 Yr UNIVERSE 83 -25
Fund -5.02   -7.51 Fund -18.85 0.56 -31.1 POLICY 8.18 0.0818 -1.01
EAFE -8.11 1.73 EAFE 44 -0.93 -27.6 58 -3.14
Ratio QU. FUND -9.92 -0.0992 9.24 Ratio QU. FUND -19.25 -0.1925 -1.49 112.6 18.61 -2.13
2 Yr UNIVERSE YTD -8.99 2 Yr UNIVERSE 49 1.13 3 Yr 12.99 -2.56
-30 POLICY -37.43 -0.3743 4.88 ################################## POLICY -13.99 -0.1399 -1.12 -32.6 8.87   0.29
-27.6 100 0.1 -27.6 -17.18 -0.04 -31.3 6.39 0.01
108.4 -25.97   -3.85 104.1 -19.38   -0.2 104.3 3.84   -2.99
3 Yr 44 -0.21 3 Yr -21.29 0 12/31/1999 YTD -0.02
-32.7 -21.33   -0.02 ################################## -23.42   0 Incept 12.19   -0.19
-32 -24.84 -3.23 -32 2008 -0.22 -26.4 90 -3.1
102.2 -26.61   11.89 98.2 -15.24   1.2 -26.8 18.84   2.59
4 Yr -29.6   4 Yr 4 Yr -17.94 4 Yr 98.7 55 3 Yr
-30.4 -31.41   # of Negative Qtrs -29.9 -19.91   # of Negative Qtrs 40.9 40.34   # of Negative Qtrs
-29.3 2008 # of Positive Qtrs -29.3 -22.35 # of Positive Qtrs 88.8 27.72 # of Positive Qtrs
103.8 -22.21   Batting Average 102.3 -25.5   Batting Average 7 Yr 19.83   Batting Average
12/31/1999 52 Worst Qtr 12/31/1999 2007 Worst Qtr 33.6 15.37 Worst Qtr
Incept -20.88   Best Qtr Incept 22.89   Best Qtr 37 10.53   Best Qtr
-26.3 32 Range -26.1 18.82 Range 90.6 2002 Range
-26.8 -17.31   Worst 4 Qtrs ################################## 16.23   Worst 4 Qtrs 9/30/1995 2002 FUND -17.03 -0.1703 Worst 4 Qtrs
98.1 -20.37 Standard Deviation 97.4 13.92 Standard Deviation Incept UNIVERSE 69 Standard Deviation
-21.96   Beta 11.29   Beta 32.2 POLICY -15.65 -0.1565 Beta
-25.07 Annualized Alpha 2006 Annualized Alpha 34.9 60 Annualized Alpha
2002 FUND -30.1 -0.301 R-Squared 2002 FUND 12.71 0.1271 R-Squared 92.3 1.13 R-Squared
UNIVERSE 2007 Sharpe Ratio UNIVERSE 10.4 Sharpe Ratio Returns in Down Markets -8.2 Sharpe Ratio
POLICY 25.53 0.2553 Treynor Ratio POLICY 8.8 0.088 Treynor Ratio Fund -14.26   Treynor Ratio
21.53 Tracking Error 6.97 Tracking Error Policy -17.82 Tracking Error
17.66   Information Ratio 4.34   Information Ratio Ratio -22.25   Information Ratio
14.85   Fund 2005 Fund 3 Yr 2001 Fund
9.52   9 22.12   9 -29.4 2001 FUND -19.79 -0.1979 6
2006   7 18.44 7 -34.5 UNIVERSE 59 6
11.5     43.75 16.45   43.75 85 POLICY -21.21 -0.2121 50
8.66 -19.18 14.54 -17.58 5 Yr 66 -20.7
2001 FUND 6.23 0.0623 17.19 2001 FUND 11.8 0.118 17.98 -26.5 3.58 16.43
UNIVERSE 4.5 36.37 UNIVERSE 2004 35.56 -31.3 -10.16 37.13
POLICY 1.3 0.013 -27.32 POLICY 21.49 0.2149 -28.02 84.6 -18.13   -27.24
2005   17.03 18.03 16.41 7 Yr -22.9 16.92
25.77     0.98 15.72   0.93 -26.5 -29.05   0.98
18.07   -2.46   13.24 -1.43   -31.3 2000 -1.69
13.56     0.89 9.71   0.88 84.6 2000 FUND -9.02 -0.0902 0.97
11.02 -0.58   2003 -0.52 -0.0052 9/30/1995 UNIVERSE 30 -0.74
7.76   -10 35.1   -9.23 Incept POLICY -13.96 -0.1396 -12.79
2004 5.54 28.88 5.88 -26.5 44 2.89
2000 FUND 15.25 0.1525 -0.43 2000 FUND 26.15 0.2615 -0.2 -31.3 2.88 -0.49
UNIVERSE 11.67   EAFE UNIVERSE 23.21 EAFE 84.6 -8.21 EAFE
POLICY 8.28 0.0828 9 POLICY 19.61 0.1961 9 -15.61 7
6.32 7 2002 7 -24.08 5
2.06 56.25 -5.3 56.25 -34 50
2003 -19.69 -9.61 -19.69 1999 -19.69
30.61   19.57 -12.86   19.57 1999 FUND 116.89   19.57
23.77 39.26 -16.03 39.26  NA 67.58 39.26
20.39   -28.27 -20.1   -28.27   47.85   -28.27
18.37   16.44 2001 16.44 28.32 17.01
1999 FUND 14.19 0.1419 1 1999 FUND -3.84 -0.0384 1 16.51 1
 NA 2002 0  NA -12.9 0 1998 0
  -12.11 -0.1211 1   -19.57 -0.1957 1 27.64 1
-19.07 -0.45 -26.39 -0.45 17.86 -0.65
-21.45 -7.41 -35.34 -7.41 11.79 -11.11
-23.71 0 -8.21 0 2.35 0
1998 FUND -29.04   Diff -15.61   Diff 1998 FUND -29.32   Diff
NA 2001 0 -24.08 0 NA 1997 -1
  -29.08   0 -34   0   22.94   1
-35.09 -12.5 1999 -12.5 11.7 0
-38.5 0.51 1998 FUND 116.89 2.11 5.22 -1.01
-43.41 -2.38 NA 67.58 -1.59 -2.28 -3.14
-51.41 -2.89   47.85 -3.7 -30.46 -2.13
28.32 0.95 28.32 0.25 1996 1.03
16.51 0.59 16.51 -0.03 28.9 -0.09
1998 -0.02 1998 -0.07 20.05 -0.02
27.64   -2.46 27.64   -1.43 14.65   -1.69
17.86 -0.11 17.86 -0.12 9.94 -0.03
11.79   -0.13 11.79   -0.07 0.97   -0.09
2.35 -2.59 2.35 -1.82 1995 -1.68
-29.32 5.54 -29.32 5.88 21.87 2.89
1997 Incept Incept 1997 Incept Incept 13.07 Incept
22.94 # of Negative Qtrs 22.94 # of Negative Qtrs 9.83 # of Negative Qtrs
11.7 # of Positive Qtrs 11.7 # of Positive Qtrs 3.73 # of Positive Qtrs
5.22 Batting Average 5.22 Batting Average -8.25 Batting Average
-2.28 Worst Qtr -2.28 Worst Qtr 19 Worst Qtr
-30.46   Best Qtr -30.46   Best Qtr 35.39   Best Qtr
1996 Range 1996 Range 28.17 Range
28.9   Worst 4 Qtrs 28.9   Worst 4 Qtrs 23.31   Worst 4 Qtrs
20.05 Standard Deviation 20.05 Standard Deviation 14.65 Standard Deviation
14.65 Beta 14.65 Beta 6.14 Beta
9.94 Annualized Alpha 9.94 Annualized Alpha 1997 Annualized Alpha
0.97 R-Squared 0.97 R-Squared 32.62 R-Squared
Sharpe Ratio Sharpe Ratio 23 Sharpe Ratio
Treynor Ratio Treynor Ratio 33.36 Treynor Ratio
Tracking Error Tracking Error 14 Tracking Error
Information Ratio Information Ratio 35.83 Information Ratio
Fund Fund Fund Fund 32.4 Fund
9 9 29.2 8
8 8 26.22 7
Batting Average 47.06 Batting Average 47.06 19.15 46.67
-19.18 -17.58 1996 -20.7
17.19 17.98 22.92 16.43
36.37 35.56 27 37.13
-27.32 -28.02 22.96 -27.24
Standard Deviation 16.91 Standard Deviation 16.23 26 18.18
Beta 0.96 Beta 0.92 27.28 1.04
Annualized Alpha -1.15 -0.0115 Annualized Alpha -0.37 23.01 0.61
R-Squared 0.87 R-Squared 0.86 21.51 0.87
-0.5 -0.46 18.9 -0.72
-8.74 -8.04 15.28 -12.63
6.05 6.27 1995 6.46
-0.18 -0.01 38.57 0
Policy EAFE Policy EAFE 36.55 EAFE
10 10 33.47 10
7 7 30.16 5
52.94 52.94 24.43 53.33
-19.69 -19.69 -19.69
19.57 19.57 19.57
39.26 39.26 39.26
-28.27 -28.27 -28.27
Standard Deviation 16.41 Standard Deviation 16.41 16.41
1 1 1
0 0 0
1 1 1
-0.45 -0.45 -0.8
-7.32 -7.32 -13.13
0 0 0
Diff Diff Diff
-1 -1 -2
1 1 2
-5.88 -5.88 -6.66
0.51 2.11 -1.01
-2.38 -1.59 -3.14
-2.89 -3.7 -2.13
0.95 0.25 1.03
0.5 -0.18 1.77
-0.04 -0.08 0.04
-1.15 -0.37 0.61
-0.13 -0.14 -0.13
-0.05 -0.01 0.08
-1.42 -0.72 0.5
6.05 6.27 6.46