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+) Total Fund DHJ Total (Excluding FI A+) Total Fund DHJ Total (Excluding FI A+)
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 50% BLC Core Eq., 10% BSCV Core, 40% BFI 19 20 83.3% Brd. LC Core Equity, 16.7% BSCV Core 22 25 Broad Fixed Income 27 Inception date is December 31, 1997 55% Brd. LC Growth Conservative Eq., 45% IFI 3 Yr
Inception date is December 31, 1997 4 3 Yr Inception date is December 31, 1997 21 3 Yr Inception date is December 31, 1997 26 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, 2007 Batting Average
Returns are net of fees. Incept is December 31, 1997 to June 30, 2007 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2007 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2007 Batting Average Account Reconciliation Trailing Returns through June 30, 2007 Worst Qtr
Account Reconciliation Trailing Returns through June 30, 2007 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2007 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2007 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 LBAB Standard Deviation 6/30/2007 Return Beta
6/30/2007 Return Beta 6/30/2007 Return Beta 6/30/2007 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 16,797 Universe R-Squared
50,361 Universe R-Squared 31,002 Universe R-Squared 18,032 Universe R-Squared 146 5th %-tile Sharpe Ratio
303 5th %-tile Sharpe Ratio -21 5th %-tile Sharpe Ratio 383 5th %-tile Sharpe Ratio 316 25th %-tile Treynor Ratio
1,843 25th %-tile Treynor Ratio 1,954 25th %-tile Treynor Ratio -67 25th %-tile Treynor Ratio 17,259 50th %-tile Tracking Error
52,507 50th %-tile Tracking Error 32,934 50th %-tile Tracking Error 18,348 50th %-tile Tracking Error 2,007 75th %-tile Information Ratio
2007 75th %-tile Information Ratio 2007 75th %-tile Information Ratio 2007 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund 21,262 3 Qtrs 3
47,765 3 Qtrs 3 28,972   3 Qtrs   3 16,893   3 Qtrs   5 -5,229 6.46 9
138 9.72   9 -342   15.03   9 1,030   2.38 7 1,225 92   33.33
4,604 57 41.67 4,304   47   41.67 425   37   41.67 17,259 8.82 -2.32
52,507 9.19   -1.7 32,934 13.98   -3.08 18,348 2.22 -0.44 35,795 15   6.49
12/31/1997 73 6.82 12/31/1997 77 10.79 12/31/1997 41 3.42 Incept 9.41 8.81
Incept 13.09 8.52 Incept 18.66 13.87 Incept 7.84 3.86 15,998 8.49 3.12
15,998 11.12 3.58 10,999 15.98 4.95 4,811 3.06 -0.36 -10,322 7.9 4.83
14,936 9.94 4.97 7,926 14.93 8.07 5,541 1.85 2.55 11,583 7.35 1.07
21,572 9.12 1.02 14,009     14.05 1 7,995     1.03 0.89 17,259  17,259,000 6.21 -2.86
52,507  52,507,000 8.12 -1.22 32,934   32,934,000 12.49 -1.02 18,348   18,348,000 0.35 0.38 Investment Policy     1 Yr 0.78
Investment Policy 1 Yr 0.9 Investment Policy 1 Yr 0.93 Investment Policy 1 Yr 0.99 Index 9.15 0.0915 0.36
Index 13.15 0.1315 0.84 Index 18.94 0.1894 0.92 Index 5.89 0.0589 0.11 S&P 500 87 1.64
S&P 500 77 4.11 S&P 500 69 7.43 Lehman Aggregate Bond 29 0.3 Lehman Gov/Credit-Intermediate 13.77 0.1377 2.31
Lehman Aggregate Bond 14.23 0.1423 1.54 Russell 2000 Value 19.84 0.1984 2.12 Total 6.11 0.0611 0.4 Total 5 -1.1
Russell 2000 Value 45 -0.72 Total 46 -0.55 Weight 25 -0.07 Weight 13.74 Policy
Total 17.52 Policy Weight 23.98 Policy 100 11.41 LBAB 55 12.45 2
Weight 15.17 2 83.3 21 3 100 6.08 5 45 11.57 10
50 14.02 10 16.7 19.7 9 Trailing Returns through June 30, 2007 4.98 7 100 10.44 66.67
40 13.22 58.33 100 18.62 58.33 Fund 4.17 58.33 Trailing Returns through June 30, 2007 8.43 -1.56
10 11.91 -1.64 Trailing Returns through June 30, 2007 16.36 -2.45 LBAB 3.36 -0.68 Fund 2 Yr 5.22
100 2 Yr 6.28 Fund   2 Yr 9.9 Diff   2 Yr   3.81 Policy 1 Yr FUND 6.09 0.0609 6.78
Trailing Returns through June 30, 2007 1 Yr FUND 8.69   7.92 Policy 1 Yr FUND 13.05   12.35 1 Yr 1 Yr FUND 2.72 0.0272 4.49 Diff UNIVERSE 90   3.48
Fund UNIVERSE 93 4.02 Diff UNIVERSE 89 4.91 5.89 UNIVERSE 48 -0.81 1 Yr POLICY 9.11 0.0911 3.97
Policy POLICY 9.74   4.61 1 Yr POLICY 14.63   7.79 6.11 POLICY 2.59 0.0259 2.83 9.15 5   1
Diff 61 1 18.94 52 1 -0.22 52 1 13.77 9.06 0
1 Yr 12.85 0 19.84 17.53 0 2 Yr 8.59 0 -4.62 7.82 1
13.15 10.88 1 -0.9 15.51 1 2.72 3.98 1 2 Yr 7.15 1.08
14.23 9.99 1.15 2 Yr 14.7 1.1 2.59 2.63 0.11 6.09 6.64 4.29
-1.08 9.37 5.3 13.05 13.83 8.59 0.13 2.12 0.3 9.11 5.75 0
2 Yr 8.32 0 14.63 11.91 0 3 Yr 1.41 0 -3.02 3 Yr Diff
8.69 3 Yr Diff -1.58 3 Yr Diff 1/3/1900 3 Yr Diff 3 Yr 5.44 0.0544 1
9.74 7.87 0.0787 1 3 Yr 11.11 0.1111   0 3.98 3.95 0.0395 0 5.44 85   -1
-1.05 90 -1 11.11 86   0 -0.03 49 0 7.97 7.97 0.0797 -33.34
3 Yr 8.98 0.0898 -16.66 12.27 12.27 0.1227   -16.66 4 Yr 3.98 0.0398 -16.66 -2.53 9   -0.76
7.87 55 -0.06 ################################## 55 -0.63 1/2/1900 48 0.24 4 Yr 8.26 1.27
8.98 11.7 0.54 4 Yr 15.7 0.89 3.05 8.71 -0.39 5.76 7 2.03
-1.11 10.09 0.6 13.46 13.37 1.52 -0.08 4.97 -0.63 1/8/1900 6.4 -0.36
4 Yr 9.14 -0.44 14.49 12.4 0.04 5 Yr 3.88 0.45 -2.77 5.81 0.86
8.58 8.48 0.36 -1.03 11.62 0.28 4.63 3.23 -0.28 5 Yr 4.98 0.07
9.89 7.3 0.02 5 Yr 9.52 0 1/4/1900 2.4 -0.11 5.53 4 Yr -2.86
-1.31 4 Yr -1.22 10.23 4 Yr -1.02 -0.12 4 Yr 0.38 8.31 3 YR FUND 5.76 0.0576 -0.22
5 Yr 3 YR FUND 8.58 -0.1 11.25 3 YR FUND 13.46 -0.07 6 Yr 3 YR FUND 2.97 0.0297 -0.01 -2.78 UNIVERSE 91   -0.72
7.59 UNIVERSE 93 -0.31 -1.02 UNIVERSE 83 -0.18 1/5/1900 UNIVERSE 54 0 6 Yr POLICY 8.53 0.0853 -2.65
8.72 POLICY 9.89 -1.19 6 Yr POLICY 14.49 -1.16 1/5/1900 POLICY 3.05 0.0305 0 3.64 9   2.31
-1.13 61 1.54 1/5/1900 54 2.12 0.02 51 0.4 1/5/1900 9.32 5 Yr 5 Yr
6 Yr 12.62 5 Yr 5 Yr 6.06 17.88 5 Yr 5 Yr 7 Yr 9.33 5 Yr 5 Yr ################################ 7.51 # of Negative Qtrs
1/5/1900 11.08 # of Negative Qtrs -0.68 15.59 # of Negative Qtrs 1/6/1900 4.21 # of Negative Qtrs 7 Yr 7.02 # of Positive Qtrs
5.96 10.22 # of Positive Qtrs 7 Yr 14.63 # of Positive Qtrs 6.12 3.06 # of Positive Qtrs 2.08 6.4 Batting Average
-0.64 9.48 Batting Average 1/2/1900 13.72 Batting Average 0.05 2.43 Batting Average 1/4/1900 5.48 Worst Qtr
7 Yr 8.33 Worst Qtr 2.54 11.86 Worst Qtr 8 Yr 1.72 Worst Qtr -2.63 5 Yr Best Qtr
1/3/1900 5 Yr Best Qtr ################################## 5 Yr Best Qtr 1/5/1900 5 Yr Best Qtr 8 Yr 5.53 0.0553 Range
4.2 7.59 0.0759 Range 8 Yr 10.23 0.1023 Range 1/5/1900 4.63 0.0463 Range 1/3/1900 83 Worst 4 Qtrs
-0.31 83 Worst 4 Qtrs 1/2/1900 77 Worst 4 Qtrs 0.03 35 Worst 4 Qtrs 1/5/1900 8.31 0.0831 Standard Deviation
8 Yr 8.72 0.0872 Standard Deviation 1/3/1900 11.25 0.1125 Standard Deviation 9 Yr 4.75 0.0475 Standard Deviation ################################ 8 Beta
1/3/1900 42 Beta -1.01 47 Beta 1/5/1900 31 Beta 9 Yr 8.62 Annualized Alpha
1/4/1900 11.18 Annualized Alpha 9 Yr 14.21 Annualized Alpha 1/5/1900 10.77 Annualized Alpha 1/5/1900 7.12 R-Squared
-0.54 9.47 R-Squared 1/3/1900 12.2 R-Squared 0.11 5.2 R-Squared 5.49 6.49 Sharpe Ratio
9 Yr 8.48 Sharpe Ratio 1/5/1900 11.13 Sharpe Ratio 10 Yr 4.13 Sharpe Ratio ################################ 5.85 Treynor Ratio
1/5/1900 7.83 Treynor Ratio -1.14 10.34 Treynor Ratio 12/31/1997 3.39 Treynor Ratio 10 Yr 5.05 Tracking Error
1/5/1900 7.03 Tracking Error 10 Yr 9.03 Tracking Error Incept 2.44 Tracking Error 12/31/1997 6 Yr Information Ratio
-0.52 6 Yr Information Ratio 12/31/1997 6 Yr Information Ratio 1/5/1900 6 Yr Information Ratio Incept 5 YR FUND 3.64 0.0364 Fund
10 Yr 5 YR FUND 5.32 Fund Incept 5 YR FUND 5.38 Fund 5.7 5 YR FUND 5.34 0.0534 Fund 1/6/1900 UNIVERSE 59   6
12/31/1997 UNIVERSE 64 6 5.63 UNIVERSE 69 5 0.1 UNIVERSE 24 7 6.07 POLICY 5.92 0.0592 14
Incept POLICY 5.96 14 6.61 POLICY 6.06 15 Fiscal Year Returns Ending September POLICY 5.32 0.0532 13 1/0/1900 4   Batting Average 35
6.19 41 Batting Average 35 ################################## 51 Batting Average 35 Fund 25 Batting Average 40 Fiscal Year Returns Ending September 5.74 -5.61
6.53 7.99 -7.44 Fiscal Year Returns Ending September 9.71 -17.97 LBAB 8.61 -2.27 Fund 4.69 6.85
-0.34 6.61 8.62 Fund 7.51 14.93 Diff 5.23 5.39 Policy 3.9 12.46
Fiscal Year Returns Ending September 5.67 16.06 Policy 6.12 32.9 6/30/2007 4.49 7.66 Diff 3.19 2.13
Fund 5.04 3.58 Diff 5.13 -1.8 Qtr 3.87 -0.36 6/30/2007 2.08 Standard Deviation 5.81
Policy 3.92 Standard Deviation 6.92 6/30/2007 3.26 Standard Deviation 13.53   ################################## 2.88 Standard Deviation 3.48 Qtr 7 Yr Beta 0.83
Diff 7 Yr Beta 0.84 Qtr 7 Yr Beta 0.98   -0.52 7 Yr Beta 0.92   1.89 2.08 Annualized Alpha -1.24 -0.0124
6/30/2007 3.89 Annualized Alpha 0.22 0.0022 6.31 2.18 Annualized Alpha -0.71 -0.0071 0.14 6.17 Annualized Alpha 0.24 0.0024 3.38 43 R-Squared 0.87  
Qtr 53 R-Squared 0.96 5.61 68 R-Squared 0.98 2007 18 R-Squared 0.99 ################################ 4.71 0.49
3.66 4.2 0.71 1/0/1900 2.54 0.56 YTD 6.12 0.56 2007 8 3.45
3.15 46 5.86 6/29/1905 60 7.71 1/2/1900 19 2.13 YTD 5.11 2.39
0.51 7.9 1.83 YTD 9.51 1.85 2.22 7.63 0.43 6.46 2.71 -1.16
2007.00 5.67 -0.62 15.03 5.93 -0.55 0.16 5.78 -0.28 1/8/1900 1.88 Policy Policy
YTD 3.96 Policy Policy 13.98 2.99 Policy Policy 2006 5.14 Policy LBAB -2.36 0.87 5
9.72 3.23 5 1.05 1.91 5 3.48 4.53 7 2006 -1.01 15
9.19 1.65 15 2006 -0.68 15 1/3/1900 3.44 13 3.73 8 Yr 65
0.53 8 Yr 65 9.02 8 Yr 65 -0.19 8 Yr 60 7.52 3.39 -6.08
2006 3.87 -9.11 11.36 2.03 -17.68 2005 5.93 -2.44 -3.79 38 9.59
6.57 65 10.54 -2.34 89 16.08 2.95 15 5.88 2005 5.06 15.67
8.28 4.41 19.65 2005 3.04 33.76 2.8 5.9 8.32 8.2 7 3.48
-1.71 48 4.02 12.84 62 -0.8 0.15 16 -0.81 7.39 5.87 Standard Deviation 6.56
2005 6.69 Standard Deviation 8.05 13.21 7.62 Standard Deviation 13.71 2004 7.07 Standard Deviation 3.76 0.81 3.79 1
8.42 5.28 1 -0.37 5.13 1 3.36 5.35 1 2004 3.06 0
9.06 4.29 0 2004 3.56 0 3.68 4.78 0 3.06 2.42 1
-0.64 3.59 1 12.55 2.55 1 -0.32 4.27 1 8.81 0.85 0.86
2004 2.46 0.75 15.46 0.85 0.63 2003 3.44 0.55 -5.75 9 Yr 5.64
7.44 9 Yr 6.05 -2.91 9 Yr 8.58 5.52 9 Yr 2.08 2003 5.08 0
10.73 5.02 0 6/25/1905 3.93 0 1/5/1900 5.65 0