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
2 40%BLCC, 10%BSCVC, 10%BSC, 24%IFI, 16%BFI 22 23 66.6% BLC Core, 16.7% BSCV Core, 16.7% BSC 25 28 62.5% Intermediate FI, 37.5% Broad FI 30 Inception date is December 31, 1997 55% Broad LC Growth Equity, 45% IFI 3 Yr
Inception date is December 31, 1997 4 3 Yr Inception date is December 31, 1997 24 3 Yr Inception date is December 31, 1997 29 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 March 31, 2008 Batting Average
Returns are net of fees. Incept is December 31, 1997 to March 31, 2008 Batting Average Returns are gross of fees. Incept is December 31, 1997 to March 31, 2008 Batting Average Returns are gross of fees. Incept is December 31, 1997 to March 31, 2008 Batting Average Account Reconciliation Trailing Returns through March 31, 2008 Worst Qtr
Account Reconciliation Trailing Returns through March 31, 2008 Worst Qtr Account Reconciliation Trailing Returns through March 31, 2008 Worst Qtr Account Reconciliation Trailing Returns through March 31, 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 3/31/2008 Return Beta
3/31/2008 Return Beta 3/31/2008 Return Beta 3/31/2008 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 19,182 Universe R-Squared
52,999 Universe R-Squared 30,818 Universe R-Squared 20,248 Universe R-Squared -1,952 5th %-tile Sharpe Ratio
551 5th %-tile Sharpe Ratio -4,203 5th %-tile Sharpe Ratio -385 5th %-tile Sharpe Ratio -198 25th %-tile Treynor Ratio
-1,850 25th %-tile Treynor Ratio -2,285 25th %-tile Treynor Ratio 586 25th %-tile Treynor Ratio 17,032 50th %-tile Tracking Error
51,701 50th %-tile Tracking Error 24,330 50th %-tile Tracking Error 20,449 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 2
54,074 1 Yr 3 33,783   1 Yr   3 19,418   1 Yr   4 -1,663 7.24 0.0724 10
836 -0.44 -0.0044 9 -5,235   -6.12 -0.0612 9 -208   9.83 0.0983 8 162 2   41.67
-3,209 15 41.67 -4,218   40   41.67 1,239   1   50 17,032 3.75 0.0375 -2.32
51,701 -0.83 -0.0083 -3.47 24,330 -7.01 -0.0701 -7.54 20,449 8.61 0.0861 -0.44 35,795 19   4.24
12/31/1997 19 4.06 12/31/1997 58 6.31 12/31/1997 3 3.63 Incept 5.45 6.56
Incept 1.15 7.53 Incept -1.3 13.85 Incept 7.39 4.07 15,998 2.8 3.12
15,998 -1.44 -0.44 10,999 -5.08 -6.12 4,811 5.25 -0.36 -11,460 0.6 4.23
16,246 -2.79 5.21 3,054 -6.69 8.85 5,735 3.29 2.75 12,493 -1.48 0.75
19,456 -4.25 0.98 10,276     -7.99 0.97 9,903     1.17 0.98 17,032  17,032,000 -4.88 1.73
51,701  51,701,000 -6.85 -0.86 24,330   24,330,000 -11.84 -0.87 20,449   20,449,000 -2.45 0.47 Investment Policy     2 Yr 0.78
Investment Policy 2 Yr 0.92 Investment Policy 2 Yr 0.95 Investment Policy 2 Yr 0.97 Index 5.93 0.0593 0.52
Index 3.36 0.0336 0.12 Index 1.22 0.0122 0.04 Index 8 0.08 0.71 Russell 1000 Growth 5 2.95
S&P 500 28 0.65 S&P 500 60 0.36 Lehman Gov/Credit-Intermediate 1 1.99 Lehman Gov/Credit-Intermediate 5.22 0.0522 2.33
Lehman Gov/Credit-Intermediate 4.27 0.0427 1.46 S&P Midcap 400 1.87 0.0187 2.07 LBAB A+ 7.62 0.0762 0.49 Total 12 0.1
LBAB A+ 9 -0.69 Russell 2000 Value 38 -0.54 Total 2 0.73 Weight 5.7 Policy
Other 4.88 Policy Total 5.07 Policy Weight 6.78 Policy 55 4.33 2
Weight 3.4 3 Weight 2.25 3 62.5 5.61 4 45 3.36 10
40 2.73 9 66.6 1.57 9 37.5 4.58 8 100 2.15 58.33
24 1.91 58.33 16.7 0.47 58.33 100 3.64 50 Trailing Returns through March 31, 2008 0.04 -4.33
16 0.63 -4.29 16.7 -1.49 -8.86 Trailing Returns through March 31, 2008 1.91 -0.68 Fund 3 Yr 3.71
20 3 Yr 4.72 100   3 Yr 7.09 Fund   3 Yr   3.81 Policy 1 Yr FUND 6.42 0.0642 8.04
Trailing Returns through March 31, 2008 1 Yr FUND 4.85 0.0485 9.01 Trailing Returns through March 31, 2008 1 Yr FUND 4.56 0.0456 15.95 Policy 1 Yr FUND 6.16 0.0616 4.49 Diff UNIVERSE 13   3.32
Fund UNIVERSE 62 -0.83 Fund UNIVERSE 82 -7.01 Diff UNIVERSE 7 -0.81 1 Yr POLICY 6.18 0.0618 4.98
Policy POLICY 5.86 0.0586 5.09 Policy POLICY 5.68 0.0568 8.92 1 Yr POLICY 5.8 0.058 2.77 7.24 18   1
Diff 19 1 Diff 42 1 9.83 10 1 3.75 7.02 0
1 Yr 7.14 0 1 Yr 8.76 0 8.61 6.52 0 3.49 5.96 1
-0.44 5.6 1 -6.12 6.17 1 1.22 4.79 1 2 Yr 4.98 0.4
-0.83 5 0.32 -7.01 5.53 0.16 2 Yr 4.2 0.57 5.93 4.18 1.97
0.39 4.51 1.65 0.89 4.83 1.47 8 3.65 1.59 5.22 3.01 0
2 Yr 3.51 0 2 Yr 3.35 0 7.62 2.43 0 0.71 4 Yr Diff
3.36 4 Yr Diff 1.22 4 Yr Diff 1/0/1900 4 Yr Diff 3 Yr 5.33 0.0533 0
4.27 4.75 0.0475 0 1.87 5.26 0.0526   0 3 Yr 4.88 0.0488 0 6.42 12   0
-0.91 70 0 -0.65 77   0 6.16 18 0 6.18 4.76 0.0476 -16.66
3 Yr 5.61 0.0561 -16.66 3 Yr 6.07 0.0607   -16.66 5.8 4.62 0.0462 0 0.24 29   2.01
4.85 29 0.82 1/4/1900 47 1.32 1/0/1900 20 0.24 4 Yr 5.93 0.53
5.86 7.19 -0.66 5.68 9.05 -0.78 4 Yr 6.44 -0.18 5.33 4.85 -1.48
-1.01 5.69 -1.48 -1.12 6.81 -2.1 4.88 4.33 -0.42 1/4/1900 4.25 -0.2
4 Yr 5.05 0.39 4 Yr 5.97 0.89 4.62 3.61 0.45 0.57 3.56 -0.75
4.75 4.61 0.12 5.26 5.32 -0.07 0.26 2.91 -0.02 5 Yr 2.37 -0.25
5.61 3.67 -0.02 6.07 3.85 -0.03 5 Yr 1.98 -0.02 7.07 5 Yr 1.73
-0.86 5 Yr -0.86 -0.81 5 Yr -0.87 4.93 5 Yr 0.47 7.57 3 YR FUND 7.07 0.0707 -0.22
5 Yr 3 YR FUND 7.72 0.0772 -0.08 5 Yr 3 YR FUND 10.96 0.1096 -0.05 4.78 3 YR FUND 4.93 0.0493 -0.03 -0.5 UNIVERSE 55   0.12
7.72 UNIVERSE 90 -0.2 10.96 UNIVERSE 83 -0.12 1/0/1900 UNIVERSE 27 0.14 6 Yr POLICY 7.57 0.0757 0.98
9.16 POLICY 9.16 0.0916 -1 1/11/1900 POLICY 11.92 0.1192 -1.11 6 Yr POLICY 4.78 0.0478 0.4 4.5 35   2.33
-1.44 47 1.46 ################################## 53 2.07 6.24 28 0.49 1/4/1900 8.84 5 Yr 5 Yr
6 Yr 11.53 5 Yr 5 Yr 6 Yr 15.55 5 Yr 5 Yr 6.13 9.87 5 Yr 5 Yr ################################ 7.8 # of Negative Qtrs
1/4/1900 9.77 # of Negative Qtrs 3.92 13.11 # of Negative Qtrs 1/0/1900 5.21 # of Negative Qtrs 7 Yr 7.2 # of Positive Qtrs
5.5 9.04 # of Positive Qtrs 4.84 12.01 # of Positive Qtrs 7 Yr 3.94 # of Positive Qtrs 4.43 6.56 Batting Average
-0.86 8.39 Batting Average ################################## 11.27 Batting Average 6.1 3.26 Batting Average 1/4/1900 5.59 Worst Qtr
7 Yr 7.31 Worst Qtr 7 Yr 9.7 Worst Qtr 5.9 2.33 Worst Qtr 0.05 6 Yr Best Qtr
1/4/1900 6 Yr Best Qtr 1/3/1900 6 Yr Best Qtr 1/0/1900 6 Yr Best Qtr 8 Yr 4.5 0.045 Range
4.96 4.64 0.0464 Range 3.96 3.92 0.0392 Range 8 Yr 6.24 0.0624 Range 1/2/1900 34 Worst 4 Qtrs
-0.55 66 Worst 4 Qtrs ################################## 84 Worst 4 Qtrs 6.89 14 Worst 4 Qtrs 1/1/1900 4.78 0.0478 Standard Deviation
8 Yr 5.5 0.055 Standard Deviation 8 Yr 4.84 0.0484 Standard Deviation 6.68 6.13 0.0613 Standard Deviation 1/1/1900 24 Beta
1/2/1900 30 Beta -0.02 52 Beta 1/0/1900 15 Beta 9 Yr 5.67 Annualized Alpha
1/3/1900 6.9 Annualized Alpha 0.24 7.64 Annualized Alpha 9 Yr 8.63 Annualized Alpha 1/3/1900 4.72 R-Squared
-0.26 5.65 R-Squared ################################## 5.95 R-Squared 6.28 5.44 R-Squared 2.86 4.15 Sharpe Ratio
9 Yr 4.98 Sharpe Ratio 9 Yr 4.87 Sharpe Ratio 6.14 4.7 Sharpe Ratio 1/1/1900 3.64 Treynor Ratio
1/3/1900 4.39 Treynor Ratio 1.15 4.21 Treynor Ratio 1/0/1900 3.98 Treynor Ratio 10 Yr 2.5 Tracking Error
1/3/1900 3.66 Tracking Error 1/2/1900 2.89 Tracking Error 10 Yr 2.91 Tracking Error 1/5/1900 7 Yr Information Ratio
-0.44 7 Yr Information Ratio ################################## 7 Yr Information Ratio 1/6/1900 7 Yr Information Ratio 1/3/1900 5 YR FUND 4.43 0.0443 Fund
10 Yr 5 YR FUND 4.41 Fund 10 Yr 5 YR FUND 3.57 Fund 1/6/1900 5 YR FUND 6.1 0.061 Fund 1/1/1900 UNIVERSE 16   5
1/4/1900 UNIVERSE 53 6 2.68 UNIVERSE 73 5 0.18 UNIVERSE 16 7 12/31/1997 POLICY 4.38 0.0438 15
1/4/1900 POLICY 4.96 14 1/3/1900 POLICY 3.96 15 12/31/1997 POLICY 5.9 0.059 13 Incept 17   Batting Average 35
-0.43 31 Batting Average 35 ################################## 55 Batting Average 40 Incept 18 Batting Average 45 1/6/1900 4.95 -2.32
12/31/1997 6.22 -3.47 12/31/1997 7.04 -7.54 6.37 7.52 -2.27 4.31 4.09 6.85
Incept 5.2 8.62 Incept 5.17 14.93 1/6/1900 5.29 3.63 2.22 3.5 9.17
1/5/1900 4.46 12.09 3.94 4.09 22.47 1/0/1900 4.65 5.9 Fiscal Year Returns Ending September 2.89 2.13
5.63 3.85 -0.44 4.8 3.5 -6.12 Fiscal Year Returns Ending September 4.04 -0.36 Fund 1.67 Standard Deviation 4.94
-0.32 2.9 Standard Deviation 6.08 ################################## 2.07 Standard Deviation 10.94   Fund 3.14 Standard Deviation 3.36 Policy 8 Yr Beta 0.75
Fiscal Year Returns Ending September 8 Yr Beta 0.89 Fiscal Year Returns Ending September 8 Yr Beta 0.96   Policy 8 Yr Beta 0.99   Diff 2.43 Annualized Alpha 1.35 0.0135
Fund 2.77 Annualized Alpha -0.37 -0.0037 Fund -0.02 Annualized Alpha -0.38 -0.0038 Diff 6.89 Annualized Alpha 0.2 0.002 3/31/2008 33 R-Squared 0.84  
Policy 42 R-Squared 0.94 Policy 59 R-Squared 0.96 3/31/2008 8 R-Squared 0.98 Qtr 1.19 0.82
Diff 3.03 0.77 Diff 0.24 0.72 Qtr 6.68 0.57 -0.96 66 5.39
3/31/2008 35 5.27 3/31/2008 52 8.26 1/2/1900 10 1.92 -4.33 3.9 2.47
Qtr 5.79 1.65 Qtr 5.71 2.13 2.79 7.33 0.5 3.37 2.72 -0.2
-3.47 3.75 -0.87 -7.54 2.83 -0.45 0.13 5.7 0.3 6/30/1905 1.75 Policy Policy
-4.29 2.47 Policy Policy -8.86 0.3 Policy Policy 2008 5.2 Policy Policy YTD 0.77 5
0.82 1.75 5 1.32 -0.63 5 YTD 4.62 7 0.97 -1.06 15
2008 -0.21 15 2008 -4.17 15 1/6/1900 3.46 13 -3.45 9 Yr 65
YTD 9 Yr 65 YTD 9 Yr 60 5.84 9 Yr 55 4.42 3.99 -4.33
-5.89 3.45 -4.29 -12.91 1.15 -8.86 0.55 6.28 -2.44 2007 17 9
-5.44 52 10.54 -12.5 86 16.08 2007 9 3.81 10.97 2.86 13.33
-0.45 3.89 14.83 -0.41 2.03 24.94 6.1 6.14 6.25 12.99 53 0.61
2007 38 -0.83 2007 64 -7.01 5.49 10 -0.81 -2.02 5 Standard Deviation 6.03
11.96 5.74 Standard Deviation 6.66 16.64 6.27 Standard Deviation 11.24 0.61 6.87 Standard Deviation 3.36 2006 3.67 1
11.03 4.48 1 14.69 4.26 1 2006 5.17 1 3.73 2.94 0
0.93 3.48 0 1.95 2.45 0 3.48 4.56 0 4.97 2.1 1
2006 2.92 1 2006 1.64 1 3.67 4.1 1 -1.24 0.84 0.75
6.57 1.97 0.92 9.02 0.21 0.79 -0.19 3.42 0.52 2005 10 Yr 4.54
8.28 10 Yr 6.13 11.36 10 Yr 8.89 2005 10 Yr 1.75 8.2 5.69 0
-1.71 4.45 0 ################################## 2.68 0 1/2/1900 6.36 0 7.07 5 Diff
2005 32 Diff 2005 83 Diff 2.8 5 Diff 1.13 3.86 0
1/8/1900 4.88 1 12.84 3.56 0 0.15 6.18 0 6/26/1905 35 0
9.06 20   -1 13.21 51   0 2004 5   0 3.06 5.56   -30
-0.64 5.67 -30 -0.37 6.03 -20 3.36 6.03 -10 5.45 4.12 2.01
2004 4.62   0.82 2004 4.26   1.32 3.68 5.13   0.17 -2.39 3.5   -2.15
7.44 4.1 -1.92 12.55 3.57 -1.15 -0.32 4.62 -0.18 2003 2.79 -4.16
10.73 3.69 -2.74 15.46 2.94 -2.47 6/25/1905 4.15 -0.35 12.61 1.55 1.52
-3.29 2.57 0.39 -2.91 1.65 0.89 5.52 3.43 0.45 16.84 Fiscal Year Returns Ending September -1.09
2003 Fiscal Year Returns Ending September -0.58 6/25/1905 Fiscal Year Returns Ending September