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, 10% BSCV Core, 40% BFI 20 23 83.3% Brd. LC Core Equity, 16.7% BSCV Core 25 28 Broad Fixed Income 30 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 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 September 30, 2007 Batting Average
Returns are net of fees. Incept is December 31, 1997 to September 30, 2007 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2007 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2007 Batting Average Account Reconciliation Trailing Returns through September 30, 2007 Worst Qtr
Account Reconciliation Trailing Returns through September 30, 2007 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2007 Worst Qtr Account Reconciliation Trailing Returns through September 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 9/30/2007 Return Beta
9/30/2007 Return Beta 9/30/2007 Return Beta 9/30/2007 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 17,259 Universe R-Squared
52,507 Universe R-Squared 32,934 Universe R-Squared 18,348 Universe R-Squared 525 5th %-tile Sharpe Ratio
474 5th %-tile Sharpe Ratio 364 5th %-tile Sharpe Ratio 402 5th %-tile Sharpe Ratio 749 25th %-tile Treynor Ratio
1,093 25th %-tile Treynor Ratio 485 25th %-tile Treynor Ratio 669 25th %-tile Treynor Ratio 18,533 50th %-tile Tracking Error
54,074 50th %-tile Tracking Error 33,783 50th %-tile Tracking Error 19,418 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 2
47,765 3 Qtrs 2 28,972   3 Qtrs   2 16,893   3 Qtrs   5 -4,704 8.75 10
612 7.6   10 22   9.78   10 1,432   5.05 7 1,974 45   41.67
5,697 15 50 4,789   21   50 1,093   5   50 18,533 7.06 -2.32
54,074 5.88   -1.7 33,783 7.1   -2.45 19,418 3.84 -0.44 35,795 77   6.49
12/31/1997 49 6.82 12/31/1997 78 10.79 12/31/1997 18 3.63 Incept 11.09 8.81
Incept 9.45 8.52 Incept 13.57 13.24 Incept 5.02 4.07 15,998 10.28 3.12
15,998 6.89 3.58 10,999 9.43 4.95 4,811 3.51 -0.36 -9,797 8.38 4.64
15,410 5.87 4.99 8,289 8.24 7.98 5,943 2.46 2.55 12,332 7.16 0.98
22,665 5.1 1 14,494     7.23 0.97 8,664     1.46 0.92 18,533  18,533,000 4.16 -0.88
54,074  54,074,000 3.34 -0.41 33,783   33,783,000 4.42 0.16 19,418   19,418,000 -0.12 0.6 Investment Policy     1 Yr 0.74
Investment Policy 1 Yr 0.91 Investment Policy 1 Yr 0.93 Investment Policy 1 Yr 0.97 Index 10.97 0.1097 0.78
Index 11.96 0.1196 1 Index 16.64 0.1664 1.11 Index 6.1 0.061 0.08 S&P 500 78 3.69
S&P 500 29 4.99 S&P 500 33 9.09 Lehman Aggregate Bond 16 0.22 Lehman Gov/Credit-Intermediate 11.47 0.1147 2.38
Lehman Aggregate Bond 10.88 0.1088 1.47 Russell 2000 Value 14.69 0.1469 2.08 Total 5.13 0.0513 0.46 Total 70 -0.5
Russell 2000 Value 51 -0.3 Total 75 -0.14 Weight 24 0.67 Weight 15.47 Policy
Total 14.68 Policy Weight 21.1 Policy 100 8.12 LBAB 55 13.67 2
Weight 12.18 2 83.3 17.32 2 100 5.05 5 45 12.51 10
50 10.92 10 16.7 15.75 10 Trailing Returns through September 30, 2007 3.71 7 100 11.14 58.33
40 9.96 50 100 14.68 50 Fund 2.5 50 Trailing Returns through September 30, 2007 8.46 -1.56
10 8.17 -1.64 Trailing Returns through September 30, 2007 11.76 -2.45 LBAB 1.17 -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 7.29 0.0729 6.78
Trailing Returns through September 30, 2007 1 Yr FUND 9.23   7.92 Policy 1 Yr FUND 12.77   12.35 1 Yr 1 Yr FUND 4.78 0.0478 4.49 Diff UNIVERSE 89   3.48
Fund UNIVERSE 53 4.02 Diff UNIVERSE 63 4.91 6.1 UNIVERSE 20 -0.81 1 Yr POLICY 9.48 0.0948 4.08
Policy POLICY 9.57   4.77 1 Yr POLICY 13.01   7.98 5.13 POLICY 4.39 0.0439 2.73 10.97 9   1
Diff 41 1 16.64 50 1 0.97 26 1 11.47 9.77 0
1 Yr 11.4 0 14.69 16.13 0 2 Yr 7.62 0 -0.5 8.93 1
11.96 10.15 1 1.95 13.95 1 4.78 4.41 1 2 Yr 8.46 1.18
10.88 9.32 1.14 2 Yr 13 1.14 4.39 3.7 -0.04 7.29 7.94 4.81
1.08 8.82 5.43 12.77 12.4 9.11 0.39 3.11 -0.11 9.48 6.86 0
2 Yr 7.96 0 13.01 10.88 0 3 Yr 2.43 0 -2.19 3 Yr Diff
9.23 3 Yr Diff -0.24 3 Yr Diff 1/4/1900 3 Yr Diff 3 Yr 7.59 0.0759 0
9.57 8.96 0.0896 0 3 Yr 12.79 0.1279   0 3.86 4.17 0.0417 0 7.59 82   0
-0.34 72 0 12.79 73   0 0.31 27 0 8.78 8.78 0.0878 -16.66
3 Yr 9.4 0.094 0 13.08 13.08 0.1308   0 4 Yr 3.86 0.0386 0 -1.19 24   -0.76
8.96 51 -0.06 ################################## 59 0 1/3/1900 34 0.24 4 Yr 10.01 1.27
9.4 11.96 0.54 4 Yr 16.82 0.89 3.82 7.49 -0.18 6.44 8.73 2.03
-0.44 10.36 0.6 12.73 14.32 0.89 0.15 4.23 -0.42 1/8/1900 8.29 -0.36
4 Yr 9.42 -0.44 13.67 13.29 0.04 5 Yr 3.48 0.45 -2.34 7.77 0.56
8.58 8.87 0.22 -0.94 12.74 0 4.27 2.98 -0.18 5 Yr 6.73 -0.02
9.73 8.08 0 5 Yr 11.52 -0.03 1/4/1900 2.3 -0.08 7.65 4 Yr -0.88
-1.15 4 Yr -0.41 15 4 Yr 0.16 0.13 4 Yr 0.6 10.21 3 YR FUND 6.44 0.0644 -0.26
5 Yr 3 YR FUND 8.58 -0.09 15.81 3 YR FUND 12.73 -0.07 6 Yr 3 YR FUND 3.97 0.0397 -0.03 -2.56 UNIVERSE 94   -0.4
9.71 UNIVERSE 93 -0.14 -0.81 UNIVERSE 88 -0.03 1/5/1900 UNIVERSE 36 0.12 6 Yr POLICY 8.78 0.0878 -1.12
11.16 POLICY 9.73 -0.44 6 Yr POLICY 13.67 -0.02 1/4/1900 POLICY 3.82 0.0382 0.33 5.32 15   2.38
-1.45 58 1.47 1/8/1900 60 2.08 0.16 40 0.46 1/7/1900 9.69 5 Yr 5 Yr
6 Yr 12.37 5 Yr 5 Yr 8.98 17.58 5 Yr 5 Yr 7 Yr 8.44 5 Yr 5 Yr ################################ 8.35 # of Negative Qtrs
1/6/1900 10.85 # of Negative Qtrs -0.69 15.03 # of Negative Qtrs 1/6/1900 4.44 # of Negative Qtrs 7 Yr 7.76 # of Positive Qtrs
7.56 9.95 # of Positive Qtrs 7 Yr 13.98 # of Positive Qtrs 6.12 3.54 # of Positive Qtrs 2.46 7.32 Batting Average
-0.89 9.33 Batting Average 1/2/1900 13.32 Batting Average 0.15 2.92 Batting Average 1/4/1900 6.37 Worst Qtr
7 Yr 8.28 Worst Qtr 2.95 12.2 Worst Qtr 8 Yr 2.14 Worst Qtr -2.46 5 Yr Best Qtr
1/4/1900 5 Yr Best Qtr ################################## 5 Yr Best Qtr 1/6/1900 5 Yr Best Qtr 8 Yr 7.65 0.0765 Range
4.44 9.71 0.0971 Range 8 Yr 15 0.15 Range 1/6/1900 4.27 0.0427 Range 1/4/1900 87 Worst 4 Qtrs
-0.32 92 Worst 4 Qtrs 1/3/1900 83 Worst 4 Qtrs 0.1 32 Worst 4 Qtrs 1/5/1900 10.21 0.1021 Standard Deviation
8 Yr 11.16 0.1116 Standard Deviation 1/3/1900 15.81 0.1581 Standard Deviation 9 Yr 4.14 0.0414 Standard Deviation ################################ 13 Beta
1/4/1900 51 Beta -0.7 57 Beta 1/5/1900 35 Beta 9 Yr 10.78 Annualized Alpha
1/5/1900 14.41 Annualized Alpha 9 Yr 18.79 Annualized Alpha 1/5/1900 11.66 Annualized Alpha 1/5/1900 9.57 R-Squared
-0.3 12.34 R-Squared 1/5/1900 16.85 R-Squared 0.15 4.75 R-Squared 5.71 8.9 Sharpe Ratio
9 Yr 11.18 Sharpe Ratio 1/6/1900 16.01 Sharpe Ratio 10 Yr 3.6 Sharpe Ratio 1/0/1900 8.17 Treynor Ratio
1/5/1900 10.57 Treynor Ratio -1.29 15.24 Treynor Ratio 12/31/1997 2.97 Treynor Ratio 10 Yr 7.11 Tracking Error
1/6/1900 9.45 Tracking Error 10 Yr 13.95 Tracking Error Incept 2.17 Tracking Error 12/31/1997 6 Yr Information Ratio
-0.49 6 Yr Information Ratio 12/31/1997 6 Yr Information Ratio 1/6/1900 6 Yr Information Ratio Incept 5 YR FUND 5.32 0.0532 Fund
10 Yr 5 YR FUND 6.67 Fund Incept 5 YR FUND 8.29 Fund 5.85 5 YR FUND 5.11 0.0511 Fund 1/6/1900 UNIVERSE 74   5
12/31/1997 UNIVERSE 84 5 5.63 UNIVERSE 86 4 0.19 UNIVERSE 24 7 6.17 POLICY 7.28 0.0728 15
Incept POLICY 7.56 15 6.5 POLICY 8.98 16 Fiscal Year Returns Ending September POLICY 4.95 0.0495 13 1/0/1900 8   Batting Average 35
6.25 48 Batting Average 35 ################################## 62 Batting Average 40 Fund 27 Batting Average 45 Fiscal Year Returns Ending September 7.45 -2.32
6.52 9.94 -1.7 Fiscal Year Returns Ending September 12.25 -3.62 LBAB 9.45 -2.27 Fund 6.54 6.85
-0.27 8.37 8.62 Fund 10.37 14.93 Diff 5 3.63 Policy 5.92 9.17
Fiscal Year Returns Ending September 7.5 10.32 Policy 9.37 18.55 9/30/2007 4.22 5.9 Diff 5.24 2.13
Fund 6.96 3.58 Diff 8.62 4.95 Qtr 3.64 -0.36 9/30/2007 4.39 Standard Deviation 4.96
Policy 6.14 Standard Deviation 5.44 9/30/2007 7.52 Standard Deviation 9.71   1/3/1900 2.76 Standard Deviation 3.12 Qtr 7 Yr Beta 0.81
Diff 7 Yr Beta 0.85 Qtr 7 Yr Beta 0.95   2.85 7 Yr Beta 0.97   4.24 2.46 Annualized Alpha -0.51 -0.0051
9/30/2007 4.12 Annualized Alpha 0.22 0.0022 1.4 2.56 Annualized Alpha 0 0 0.78 6.27 Annualized Alpha 0.27 0.0027 2.44 56 R-Squared 0.77  
Qtr 55 R-Squared 0.94 0.63 72 R-Squared 0.96 2007 16 R-Squared 0.98 1/1/1900 4.92 0.97
2.05 4.44 1.26 1/0/1900 2.95 1.25 YTD 6.12 0.46 2007 7 5.95
1.55 48 8.09 6/29/1905 62 12.81 1/6/1900 17 1.48 YTD 5.21 2.58
0.5 7.73 1.64 YTD 8.87 1.9 5.13 7.45 0.5 10.97 3.83 -0.99
2007.00 5.88 -0.88 16.64 6.1 -0.43 0.97 5.62 0.26 1/11/1900 2.63 Policy Policy
YTD 4.31 Policy Policy 14.69 3.37 Policy Policy 2006 5.02 Policy LBAB -0.5 1.62 4
11.96 3.51 4 1.95 2.4 4 3.48 4.44 7 2006 -0.61 16
10.88 1.81 16 2006 -0.1 16 1/3/1900 3.43 13 3.73 8 Yr 65
1.08 8 Yr 65 9.02 8 Yr 60 -0.19 8 Yr 55 7.52 4.24 -1.56
2006 4.79 -1.85 11.36 3.26 -3.99 2005 6.3 -2.44 -3.79 39 9.59
6.57 57 10.54 -2.34 85 16.08 2.95 14 3.81 2005 5.58 11.15
8.28 5.09 12.39 2005 3.96 20.07 2.8 6.2 6.25 8.2 9 3.48
-1.71 49 4.02 12.84 69 4.91 0.15 15 -0.81 7.39 6.31 Standard Deviation 5.39
2005 7.7 Standard Deviation 6.17 13.21 8.8 Standard Deviation 10.03 2004 7.32 Standard Deviation 3.19 0.81 4.65 1
8.42 6.01 1 -0.37 6.36 1 3.36 5.61 1 2004 3.95 0
9.06 5.01 0 2004 4.63 0 3.68 5.05 0 3.06 3.32 1
-0.64 4.28 1 12.55 3.7 1 -0.32 4.51 1 8.81 1.73 1.37
2004 3.13 1.35 15.46 1.99 1.29 2003 3.53 0.41 -5.75 9 Yr 7.38
7.44 9 Yr 8.33 -2.91 9 Yr 12.98 5.52 9 Yr 1.31 2003 5.87 0
10.73 5.7 0 6/25/1905 5.08 0 1/5/1900 5.46 0 12.61 11 Diff
-3.29 69 Diff 24.55 94 Diff 0.08 15 Diff 16.1 5.71 1
6/25/1905 6.19 1 24.8 6.37 0 2002 5.31 0 ################################ 12 -1
14.37 45   -1 -0.25 62   0 9.39 17   0 2002 6.88   -30
17.04 8.29 -30 2002 9.96 -20 9.11 6.94 -10 -5.61 5.19 -0.76
-2.67 6.96   0.15 -19.84 7.96   0.37 0.28 4.85   0.17 -6.21 4.72   -2.74
2002 6.11 -1.92 -19.57 6.76 -1.15 2001 4.31 -0.18 0.6 4.08 -1.98
-7.32 5.55 -2.07 -0.27 5.99 -1.52 1/13/1900 3.88 -0.35 2001 3.07 -1.35
-8.77 4.35 -0.44 2001 4.71 0.04 13.41 3.21 0.45 -13.1 Fiscal Year Returns Ending September -0.43
1.45 Fiscal Year Returns Ending September -0.73 ################################## Fiscal Year Returns Ending September -0.32 0.07 Fiscal Year Returns Ending September -0.07 ################################ Fund -0.19
2001 Fund -0.15 -26.85 Fund -0.05 2000 Fund -0.03 -4.91 Return -0.51
############################## Return   0.22 0.85 Return   0 1/6/1900 Return   0.27 6/22/1905 %-tile   -0.23
-12.48 %-tile -0.06 2000 %-tile -0.04 6.72 %-tile -0.02 17.54 Policy -0.4
2.49 Policy   -0.09 1/8/1900 Policy   -0.04 -0.15 LBAB   0.05 1/10/1900 Return   -1.43
2000 Return -0.24 11.3 Return -0.17 1999 Return 0.17 7.25 %-tile 2.58
1/9/1900 %-tile 1.64 -2.99 QU. FUND %-tile 1.9 ################################## %-tile 0.5 6/21/1905 Universe   9 Yr
9.76 Universe 9 Yr 1999 UNIVERSE Universe 9 Yr -1.48 Universe 9 Yr 19.87 5th %-tile # of Negative Qtrs
-0.14 5th %-tile # of Negative Qtrs 1/20/1900 POLICY 5th %-tile # of Negative Qtrs 0.38 5th %-tile # of Negative Qtrs 1/6/1900 25th %-tile   # of Positive Qtrs
1999 25th %-tile # of Positive Qtrs 27.81 25th %-tile # of Positive Qtrs 1998 25th %-tile # of Positive Qtrs 13.1 QU. FUND 50th %-tile Batting Average
1/13/1900 QU. FUND 50th %-tile Batting Average ################################## 50th %-tile Batting Average Returns in Up Markets QU. FUND 50th %-tile Batting Average 1998 UNIVERSE 75th %-tile Worst Qtr
15.47 UNIVERSE 75th %-tile Worst Qtr 1998 75th %-tile Worst Qtr Fund UNIVERSE 75th %-tile Worst Qtr Returns in Up Markets POLICY 95th %-tile Best Qtr
############################## POLICY 95th %-tile Best Qtr Returns in Up Markets 95th %-tile Best Qtr LBAB POLICY 95th %-tile Best Qtr Fund Qtr Range
1998 Qtr Range Fund Qtr Range Ratio Qtr Range Policy 4.24 0.0424 Worst 4 Qtrs
Returns in Up Markets 2.05 0.0205 Worst 4 Qtrs Policy 1.4 0.014 Worst 4 Qtrs 3 Yr 3.63 0.0363 Worst 4 Qtrs Ratio 47 Standard Deviation
Fund 15 Standard Deviation Ratio 25 Standard Deviation 8.3 3 Standard Deviation 3 Yr 2.44 0.0244 Beta
Policy 1.55 0.0155 Beta 3 Yr 0.63 0.0063 Beta 8.2 2.85 0.0285 Beta 1/11/1900 80   Annualized Alpha
Ratio 27 Annualized Alpha 17.3 58 Annualized Alpha 101.1 10 Annualized Alpha 11.6 6.22 R-Squared
3 Yr 3.12 R-Squared 17.8 3.93 R-Squared 5 Yr 3.36 R-Squared 95.4 5.31 Sharpe Ratio
12.1 1.59 Sharpe Ratio 97.1 1.36 Sharpe Ratio 1/8/1900 2.2 Sharpe Ratio 5 Yr 3.95 Treynor Ratio
12.6 1.05 Treynor Ratio 5 Yr 0.78 Treynor Ratio 8.1 1.58 Treynor Ratio 11 2.63 Tracking Error
96.2 0.25 Tracking Error 1/22/1900 -0.14 Tracking Error 99.5 0.89 Tracking Error 1/13/1900 1.17 Information Ratio
5 Yr -1.01   Information Ratio 23.1 -2.2   Information Ratio 9 Yr -1.17   Information Ratio 79.3 YTD   Fund
1/13/1900 YTD Fund 96.5 YTD Fund 1/9/1900 YTD Fund 9 Yr 10.97 12
15.4 11.96   12 9 Yr 16.64 12 9.6 6.1   11 15.6 78   24
87.1 29 24 1/25/1900 33 24 98.7 16 25 1/14/1900 11.47 47.22
9 Yr 10.88 50 27.2 14.69 38.89 12/31/1997 5.13 50 111.7 70   -7.29
1/15/1900 51 -7.44 93.5 75 -17.97 Incept 24 -2.27 12/31/1997 15.47 14.62
17.2 14.68 12.53 12/31/1997 21.1   19.75 9.9 8.12 5.39 Incept 13.67   21.91
89.8 12.18 19.97 Incept 17.32 37.72 9.9 5.05 7.66 1/15/1900 2004 FUND 12.51 0.1251 -13.1
12/31/1997 2004 FUND 10.92 0.1092 -9.99 26.6 2004 FUND 15.75 0.1575 -26 99.7 2004 FUND 3.71 0.0371 -1.19 13.7 UNIVERSE 11.14 8.79
Incept UNIVERSE 9.96 8.29 1/28/1900 UNIVERSE 14.68 15.82 Returns in Down Markets UNIVERSE 2.5 3.68 115.7 POLICY 8.46 0.0846 1.1
16.5 POLICY 8.17 0.0817 0.88 4/3/1900 POLICY 11.76 0.1176 0.94 Fund POLICY 1.17 0.0117 0.94 Returns in Down Markets 2006   -0.31
1/17/1900 2006 0.22 0.0022 Returns in Down Markets 2006 -0.88   LBAB 2006 0.43 0.0043 Fund 3.73 0.78 0.0078
4/1/1900 6.57   0.96 Fund 9.02 0.96 Ratio 3.48 0.98 Policy 78   0.27
Returns in Down Markets 84 0.27 Policy 78 0.1 3 Yr 63 0.54 Ratio 7.52 2.17
Fund 8.28 2.52 Ratio   11.36   1.7 -1.3 3.67   2.11 3 Yr 10   4.22
Policy 38 1.93 3 Yr   32 3.14 -1.9 54 0.58 ################################ 7.9 0.04
Ratio 10.43 -0.25 -3.7   14.24   -0.41 69.5 7.62   0.26 -2.2 5.75   Policy
3 Yr 8.87 Policy -4.1 11.97 Policy 5 Yr 4.69 LBAB 190.6 2003 FUND 4.82 0.0482 12
-2.8 2003 FUND 7.89 0.0789 12 92.4 2003 FUND 10.36 0.1036 12 -2.4 2003 FUND 3.76 0.0376 12 5 Yr UNIVERSE 3.88 24
-2.6 UNIVERSE 7.13 24 5 Yr UNIVERSE 9.22 24 -2.8 UNIVERSE 3.21 24 -4.7 POLICY 2.01 0.0201 52.78
105.7 POLICY 5.49 0.0549 50 -10.1 POLICY 6.33 0.0633 61.11 85.1 POLICY 2.3 0.023 50 -3.2 2005   -6.08
5 Yr 2005 -9.11 -9.3 2005 -17.68 9 Yr 2005 -2.44 147 8.2 9.59
-4.1 8.42   12.55 108.5 12.84 21.3 -2.1 2.95 5.88 9 Yr 47   15.67
-4.5 83 21.66 9 Yr 78 38.98 -2.7 36 8.32 -11.2 7.39 -8.19
90.6 9.06 -12.48 -26.3 13.21   -26.85 77.7 2.8   -2.05 -9.1 69   7.03
9 Yr 70 9.26 -25.6 72 16.51 12/31/1997 40 3.86 123.8 12.23 1
-11.4 13.61 1 102.5 19.36   1 Incept 7.26   1 12/31/1997 9.1   0
-12.8 11.26 0 12/31/1997 16.2 0 -2.1 3.57 0 Incept 2002 FUND 8.01 0.0801 1
89 2002 FUND 10.04 0.1004 1 Incept 2002 FUND 14.29 0.1429 1 -2.7 2002 FUND 2.54 0.0254 1 -11.2 UNIVERSE 7.1 0.32
12/31/1997 UNIVERSE 8.83 0.29 -26.5 UNIVERSE 13.02 0.18 77.7 UNIVERSE 1.72 0.47 -9.1 POLICY 4.13 0.0413 2.23
Incept POLICY 7.27 0.0727 2.71 -26.3 POLICY 10.48 0.1048 2.89 POLICY 0.86 0.0086 1.83 123.8 2004   0
-11.6 2004 0 100.5 2004 0 2004 0 3.06 Diff
-12.9 7.44   Diff 12.55 Diff 3.36 Diff 97   0
89.5 97 0 91 0 45 -1 8.81 0
10.73 0 15.46   0 3.68   1 10   -5.56
64 0 57 -22.22 38 0 10.57 -1.21
15.11 1.67 21.12   -0.29 12.2   0.17 7.5   5.03
13.08 -0.02 18.38 -1.55 4.61 -0.49 2001 FUND 6.44 0.0644 6.24
2001 FUND 11.41 0.1141 -1.69 2001 FUND 15.84 0.1584 -1.26 2001 FUND 3.13 0.0313 -0.66 UNIVERSE 5.64 -4.91
UNIVERSE 10.25 2.49 UNIVERSE 14.5 0.85 UNIVERSE 1.77 0.86 POLICY 3.5 0.035 1.76
POLICY 7.82 0.0782 -0.97 POLICY 10.89 0.1089 -0.69 POLICY 0.72 0.0072 -0.18 2003   0.1
2003 -0.12 2003 -0.06 2003 -0.06 12.61 -0.31
14.37   0.22 24.55 -0.88 5.52 0.43 54   -0.22
83 -0.04 36 -0.04 41 -0.02 16.1 -0.05
17.04 -0.02 24.8   -0.08 5.44   0.07 17   -0.06
38 -0.19 33 -1.19 42 0.28 19.12 4.22
24.8 1.93 28.39   3.14 26.81   0.58 15.11   Incept
18.44 Incept 25.41 Incept 7.58 Incept 2000 FUND 12.84 0.1284 # of Negative Qtrs
2000 FUND 16.2 0.162 # of Negative Qtrs 2000 FUND 23.62 0.2362 # of Negative Qtrs 2000 FUND 4.69 0.0469 # of Negative Qtrs UNIVERSE 11.18 # of Positive Qtrs
UNIVERSE 14.86 # of Positive Qtrs UNIVERSE 21.58 # of Positive Qtrs UNIVERSE 2.87 # of Positive Qtrs POLICY 8.35 0.0835 Batting Average
POLICY 13.12 0.1312 Batting Average POLICY 19.36 0.1936 Batting Average POLICY 1.6 0.016 Batting Average 2002 Worst Qtr
2002 Worst Qtr 2002 Worst Qtr 2002 Worst Qtr -5.61 Best Qtr
-7.32 Best Qtr -19.84 Best Qtr 9.39 Best Qtr 24 Range
40 Range 79 Range 9 Range -6.21 Worst 4 Qtrs
-8.77 Worst 4 Qtrs -19.57 Worst 4 Qtrs 9.11 Worst 4 Qtrs 34 Standard Deviation
63 Standard Deviation 73 Standard Deviation 10 Standard Deviation -3.58 Beta
-2.61 Beta -10.76 Beta 10.2 Beta -5.71 Annualized Alpha
-6.24 Annualized Alpha -15.14 Annualized Alpha 7.74 Annualized Alpha -7.27 R-Squared
-8.11 R-Squared -17.8 R-Squared 6.13 R-Squared -8.83 Sharpe Ratio
-9.58 Sharpe Ratio -19.65 Sharpe Ratio 4.06 Sharpe Ratio -11.82 Treynor Ratio
-12.36 Treynor Ratio -21.44 Treynor Ratio -4.43 Treynor Ratio 2001 Tracking Error
2001 Tracking Error 2001 Tracking Error 2001 Tracking Error -13.1 Information Ratio
-9.99 Information Ratio -26 Information Ratio 13.48 Information Ratio 46 Fund
41 Fund 49 Fund 9 Fund -8.19 13
-12.48 13 -26.85 13 13.41 11 20 26
60 26 55 26 10 28 -3.21 48.72
2.49 53.85 -2.62 43.59 13.98 51.28 -9.6 -7.29
-5.33 -7.44 -14.73 -17.97 12.52 -2.27 -13.59 14.62
-11.51 12.53 -26.3 19.75 11.24 5.39 -18.38 21.91
-14.15 19.97 -28.73 37.72 9.07 7.66 -25.22 -13.1
-21.98 -9.99 -37.36   -26 -11.92 -1.19 2000 9.06
2000 8.6 2000 16.04 2000 3.77 17.54 1.15
9.62 0.9 8.31   0.94 6.57 0.96 45 -0.2
56 0.35 78 -0.48 24 0.41 10.29 0.76
9.76 0.96 11.3 0.97 6.72 0.98 77 0.35
52 0.31 57 0.13 20 0.64 45.23 2.75
21.33 2.93 30.47   2.15 7.97 2.53 22.6 4.53
12.94 1.91 16.66 3.11 6.53 0.59 16.47 0.13
9.85 -0.14 11.88   -0.28 5.96 0.32 10.93 Policy
7.93 Policy 9.04 Policy 5.16 LBAB 4.85 12
2.11 13 -0.02 13 -0.46 12 1999 27
1999 26 1999 26 1999 27 19.87 51.28
13.24 46.15 20.9 56.41 -1.1 48.72 4 -6.08
71 -9.11 74 -17.68 68 -2.44 6.77 9.59
15.47 12.55 27.81 21.3 -1.48 5.88 88 15.67
53 21.66 30 38.98 72 8.32 18.72 -8.19
24.23 -12.48 38.6 -26.85 7.11 -2.05 11.83 6.88
18.18 9.38 28.42 16.76 2.41 3.89 9.64 1
15.64 1 27.21 1 0.41 1 7.89 0
11.58 0 18.52 0 -1.8 0 5.06 1
6.18 1 10.56 1 -4.55 1 0.37
0.31 0.17 0.58 2.56
2.91 2.89 2.24 0
0 0 0 Diff
Diff Diff Diff 1
0 0 -1 -1
0 0 1 -2.56
7.7 -12.82 2.56 -1.21
1.67 -0.29 0.17 5.03
-0.02 -1.55 -0.49 6.24
-1.69 -1.26 -0.66 -4.91
2.49 0.85 0.86 2.18
-0.78 -0.72 -0.12 0.15
-0.1 -0.06 -0.04 -0.2
0.35 -0.48 0.41 -0.24
-0.04 -0.03 -0.02 -0.02
0 -0.04 0.06 0.19
0.02 -0.74 0.29 4.53
1.91 3.11 0.59 5.08