SUNRISE POLICE SCROLL TO RIGHT------> Small Cap
LOCK BUCKHEAD TOTAL EXECUTIVE HERE LOCK LOCK BUCKHEAD TOTAL UNIVERSE HERE LOCK LOCK BUCKHEAD TOTAL RISK HERE LOCK LOCK DHJ LG.GR. EXECUTIVE HERE LOCK LOCK DHJ EQ. UNIVERSE HERE LOCK LOCK DHJ EQ RISK HERE LOCK LOCK BUCKHEAD EQUITY EXECUTIVE HERE LOCK LOCK  BUCKHEAD EQUITY UNIVERSE HERE LOCK LOCK BUCKHEAD EQUITY RISK HERE 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 Sunrise Police Sunrise Police Sunrise Police
Buckhead Equity (Large Cap Value + Small Cap Value + Cash) Buckhead Equity (Large Cap Value + Small Cap Value + Cash) Buckhead Equity (Large Cap Value + Small Cap Value + Cash) DHJ Large Cap Growth Equity DHJ Large Cap Growth Equity DHJ Large Cap Growth Equity Buckhead (Large Cap Value Equity + Cash) Buckhead (Large Cap Value Equity + Cash) Buckhead (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 Executive Summary Universe Comparisons Risk Measures
Inception date is March 31, 2004 70% Broad LC V Core. 30% Broad SCV Core 1 Yr 49 Broad Large Cap Growth Conservative Equity 54 50 Broad Large Cap Value Equity 54 58 Broad Small Cap Value Equity 62
All dollar values are shown in thousands. Returns are in percent. "%-tile" is the percentile ranking within the universe. # of Negative Qtrs Inception date is December 31, 1997 51 3 Yr Inception date is December 31, 2002 52 2 Yr Inception date is March 31, 2004 60 Incept 1 Yr
Returns for periods exceeding one year are annualized. Returns for periods exceeding one year are annualized. # of Positive 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 are net of fees. Incept is March 31, 2004 to September 30, 2007 Batting Average 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
Account Reconciliation Trailing Returns through September 30, 2007 Worst Qtr Returns are gross of fees. Incept is December 31, 1997 to September 30, 2007 Batting Average Returns are net of fees. Incept is December 31, 2002 to September 30, 2007 Batting Average Returns are net of fees. Incept is March 31, 2004 to September 30, 2007 Batting Average
Beginning Value Fund Best 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
Net Flows Return Range Beginning Value Fund Best Qtr Beginning Value Fund Best Qtr Beginning Value Fund Best Qtr
Investment G/L %-tile Worst 4 Qtrs Net Flows Return Range Net Flows Return Range Net Flows Return Range
Ending Value Policy Standard Deviation Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs
9/30/2007 Return Beta Ending Value R1000G Standard Deviation Ending Value S&P500 Standard Deviation Ending Value R2000V Standard Deviation
Qtr %-tile Annualized Alpha 9/30/2007 Return Beta 9/30/2007 Return Beta 9/30/2007 Return Beta
21,356 Universe R-Squared Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha
-3 5th %-tile Sharpe Ratio 6,170 Universe R-Squared 15,873 Universe R-Squared 5,483 Universe R-Squared
-460 25th %-tile Treynor Ratio 49 5th %-tile Sharpe Ratio -2 5th %-tile Sharpe Ratio -1 5th %-tile Sharpe Ratio
20,893 50th %-tile Tracking Error 378 25th %-tile Treynor Ratio -87 25th %-tile Treynor Ratio -373 25th %-tile Treynor Ratio
2,007 75th %-tile Information Ratio 6,597 50th %-tile Tracking Error 15,784 50th %-tile Tracking Error 5,109 50th %-tile Tracking Error
YTD 95th %-tile Fund 2007 75th %-tile Information Ratio 2007 75th %-tile Information Ratio 2007 75th %-tile Information Ratio
18,946 2 Qtrs 1 YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund
-504   3.69   3 11,457 3 Qtrs 2 14,397   2 Qtrs   2 4,549 2 Qtrs 1
2,451   85 75 -6,246 15.62 10 -501   5.12 6 -3 -0.51 -0.0051 3
20,893   4.57   -2.15 1,386 39 50 1,888   81   50 563 74 Batting Average 75
38,077 70 7.59 6,597 12.67 -3.84 15,784 8.44 -0.55 5,109 -4.1 -0.041 -6.81
Incept 8.51 9.74 12/31/1997 62 10.86 12/31/2002 26 6.95 3/31/2004 100 9.61
13,788 6.66 13.17 Incept 17.66 14.7 Incept 10.88 7.5 Incept 8.28 16.42
  1,039 5.5 8.31 10,999 16.47 4.25   6,658 8.44 11.92 2,986 3.26 12.37
6,065 4.23 0.95 -12,251 13.23 8.41 1,731 6.87 7.14 663 0.8 Standard Deviation 10.2
20,893     2.59 0.47 7,849 12.37 0.98 7,395     5.44 0.94   1,460 -0.6 Beta 0.79  
Investment Policy #VALUE! 3 Qtrs 0.97 6,597    6,597,000 11.18 0.16 15,784  15,784,000 3.09 0.04 0.0004 5,109   5,109,000 -2.35 Annualized Alpha 7.22 0.0722
Index 5.19 0.98 Investment Policy 1 Yr 0.93 Investment Policy 3 Qtrs 0.89 Investment Policy 3 Qtrs R-Squared 0.81
S&P 500 84 8.59 Index 19.32 0.1932 0.96 Index 6.08 1.12 Index 2.52 0.0252 0.72
Russell 2000 Value 5.5 1.47 Russell 1000 Growth 55 8.27 S&P 500 78 8.48 Russell 2000 Value 68 9.32
Total 79 -0.09 Total 19.35 0.1935 2.2 Total 9.13 2.38 Total -2.7 -0.027 5.07
Weight 11.4 Policy Weight 55 -0.05 Weight 30 -0.38 Weight 100 1.24
70 8.71 1 100 24.53 R1000G 100 13.99 S&P500 100 12.67 Policy R2000V
30 7.18 3 100 21.4 2 100 9.59 1 100 6.98 1
100 5.72 25 Trailing Returns through September 30, 2007 19.49 10 Trailing Returns through September 30, 2007 8.04 7 Trailing Returns through September 30, 2007 4.34 3
Trailing Returns through September 30, 2007 4.03 -0.49 Fund 18.83 50 Fund 6.31 50 Fund 1.82 25
Fund 1 Yr 7.4 R1000G 17.14 -4.09 S&P500 3.86 -1.44 R2000V -0.75 -6.26
Policy   13.17   7.89 Diff   2 Yr   9.17 Diff   1 Yr   6.7 Diff 1 Yr 9.03
Diff 1 Yr FUND 83 0.83 13.3 1 Yr 1 Yr FUND 11.62 0.1162 13.26 1 Yr 1 Yr FUND 13.45 0.1345 8.14 1 Yr 12.37 0.1237 15.29
1 Yr UNIVERSE 13.3 8.59 1/19/1900 UNIVERSE 93 5.26 1/13/1900 UNIVERSE 79 10.79 1/12/1900 51 6.08
13.17 POLICY 82 0.82 1 19.35 POLICY 12.5 0.125 8.3 16.44 POLICY 16.44 0.1644 7.21 6.08 6.08 0.0608 11.53
13.3 20.14 0 -0.03 49 1 -2.99 30 1 6.29 100 1
-0.13 16.71 1 2 Yr 14.84 0 2 Yr 22.23 0 2 Yr 20.77 0
2 Yr 15.09 0.97 1/11/1900 13.4 1 1/12/1900 16.72 1 1/10/1900 16.05 1
1/12/1900 13.63 8.29 12.5 12.45 0.99 13.58 15.68 1.23 9.97 12.44 0.09
12.55 11.48 0 -0.88 12.14 8.22 -0.9 14.01 8.87 0.81 10.32 1.07
-0.43 2 Yr Diff 3 Yr 11.4 0 3 Yr 10.53 0 3 Yr 7.73 0
3 Yr 12.12 0 12.07 3 Yr Diff 1/12/1900 2 Yr Diff 1/11/1900 2 Yr Diff
   1/11/1900 77   0   1/12/1900 12.07 0.1207 0    1/13/1900 2 Yr FUND 12.68 0.1268 1   1/12/1900 10.78 0.1078 0
   1/13/1900 12.55 50   ################################## 79 0    -1.12 UNIVERSE 77 -1   -1.02 46 0
  -1.22 63   -1.66   4 Yr 12.19 0.1219 0   4 Yr POLICY 13.58 0.1358 0   4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 9.97 0.0997 50
4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 16.27 0.19 10.11 75 0.25 1/13/1900 49 0.89 3/31/2004 67 -0.55
3/31/2004 14.17 1.85 1/11/1900 16.13 1.69 1/13/1900 17.49 0.25 Incept 16.88 0.58
Incept 12.9 -0.13 -0.89 13.39 1.44 -0.14   14.89 -0.64 11.18 13.21 1.13
9.88 12.17 -0.28 5 Yr 12.38 -1.01 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 13.53 1.13 10.94 10.54 6.29
11.13 11.16 -0.05 12.03 12.19 0.11 12/31/2002 12.8 -0.07 0.24 9.18 -1.33
################################# 3 Yr 0.47 13.84 11.85 -0.02 Incept 10.92 -0.06 Fiscal Year Returns Ending September 6.32 -0.21
Fiscal Year Returns Ending September 11.8 -0.03 -1.81 4 Yr 0.16 14.84 3 Yr 0.04 Fund 3 Yr 7.22
Fund 3 YR FUND 97 0.97 0.01 6 Yr 3 YR FUND 10.11 0.1011 -0.07 14.36   12.02 0.1202 -0.11 R2000V 11.49 0.1149 -0.19
Policy UNIVERSE 13.02 0.3 1/6/1900 UNIVERSE 100 -0.03 0.48   86 -0.11 Diff 80 0.63
Diff POLICY 77 0.77 1.47 6.77 POLICY 11 0.11 0.05 Fiscal Year Returns Ending September   13.14 0.1314 -0.39 9/30/2007 12.51 0.1251 8.25
9/30/2007 16.98 2 Yr -0.35 87 2.2 Fund   60 2.38 Qtr 67 5.07
Qtr 14.94 5 Yr # of Negative Qtrs 7 Yr 16.02 5 Yr 5 Yr S&P500 17.86 3 Yr -6.81 18.64 2 Yr
################################# 13.84 # of Positive Qtrs ################################## 12.51 # of Negative Qtrs Diff 14.82 # of Negative Qtrs -6.26 14.96 # of Negative Qtrs
-0.49 13.03 Batting Average -3.05 11.48 # of Positive Qtrs 9/30/2007 13.51 # of Positive Qtrs -0.55 13.48 # of Positive Qtrs
-1.66 12.08 Worst Qtr 1/2/1900 11.23 Batting Average Qtr 12.81 Batting Average 2007 11.85 Batting Average
2007 4 Yr Best Qtr 8 Yr 10.94 Worst Qtr -0.55 11.18 Worst Qtr YTD 10.27 Worst Qtr
YTD 18.01 Range 1/2/1900 5 Yr Best Qtr 1/2/1900 4 Yr Best Qtr 1/12/1900 4 Yr Best Qtr
1/13/1900 16.16 Worst 4 Qtrs ################################## 12.03 0.1203 Range ################################ 13.18 0.1318 Range 1/6/1900 20.51 Range
13.3 15.2 Standard Deviation 1/2/1900 100 Worst 4 Qtrs 2007 81 Worst 4 Qtrs 6.29 17.3 Worst 4 Qtrs
-0.13 14.36 Beta 9 Yr 13.84 0.1384 Standard Deviation YTD 13.32 0.1332 Standard Deviation 2006 15.81 Standard Deviation
2006 13.53 Annualized Alpha 1/5/1900 32 Beta 13.45 74 Beta 1/9/1900 14.86 Beta
1/11/1900 5 Yr R-Squared 1/3/1900 18.24 Annualized Alpha 1/16/1900 18.42 Annualized Alpha 14 13.04 Annualized Alpha
11.81 19.5 Sharpe Ratio 2.02 14.29 R-Squared -2.99 15.8 R-Squared -4.79 5 Yr R-Squared
-0.74 17.82 Treynor Ratio 10 Yr 13.21 Sharpe Ratio 2006 14.27 Sharpe Ratio 2005 23.95 Sharpe Ratio
2005 16.98 Tracking Error 12/31/1997 12.95 Treynor Ratio 1/11/1900 13.26 Treynor Ratio 1/12/1900 20.45 Treynor Ratio
1/11/1900 16.33 Information Ratio Incept 12.28 Tracking Error 1/10/1900 12.29 Tracking Error 1/17/1900 18.33 Tracking Error
13.96 15.66 Fund 6.45 6 Yr Information Ratio 1.13 5 Yr Information Ratio -4.82 17.6 Information Ratio
-2.79 5 YR FUND 6 Yr ####### 2 1/4/1900 5 YR FUND 6.42 0.0642 Fund Fund 2005 19.63   Fund 2004 2003 2002 2001 2000 1999 1998 15.98 Fund
2004 2003 2002 2001 2000 1999 1998 UNIVERSE 13.72 6 2.44 UNIVERSE 69 5 1/10/1900   17.13 2 Returns in Up Markets 6 Yr 2
Returns in Up Markets POLICY 12.16 0.1216   62.5 Fiscal Year Returns Ending September POLICY 6.77 0.0677 15 12.25   15.92   10 Fund 19.41 6
Fund 11.36 Batting Average -2.15 Fund 48 Batting Average 35 ################################   15.26 41.67 R2000V 17.35 62.5
Policy 10.57 7.59 R1000G 10.5 -4.9 2004 13.73 -0.55 Ratio 15.28 -6.81
Ratio 9.6 9.74 Diff 8.16 11.55 1/16/1900 6 Yr 8.88 1 Yr 14.1 13.53
1 Yr 7 Yr 11.07 9/30/2007 6.67 16.45 13.87 13.09 9.43 1/20/1900 12.09 20.34
15.7 11.92 7.45 Qtr 6.37 3.79 1/2/1900 10.82 4.52 13.2 7 Yr 7.2
13.9 10.18 Standard Deviation 0.89 6.01 5.57 Standard Deviation 8.88 2003 2002 2001 2000 1999 1998 9.79 7.18 156.3 17.83 12.07
113 8.98 Beta 0.86   4.2 7 Yr Beta 0.9 Returns in Up Markets 8.67 0.89   2 Yr 15.42 0.93
2 Yr 7.53 Annualized Alpha 0.93 0.0093 1.81 -0.42 Annualized Alpha -0.31 -0.0031 Fund 7.5 0.35 0.0035 1/24/1900 13.48 1.56 0.0156
1/19/1900 5.67 R-Squared 0.99 2007 43 R-Squared 0.93 S&P500 7 Yr 0.85 1/20/1900 10.67 0.78
1/18/1900 8 Yr 8.33 YTD -3.05 1.04 Ratio 11.46 1.12 118.2 6.4 0.5
102.9 11.77 2.21 19.32 91 10.22 2 Yr 8.63 9.04 3 Yr 8 Yr 6.53
3 Yr 10.37 -0.19 19.35 4.42 2.58 1/14/1900 7.02 2.89 23.9 18.56 5.73
1/18/1900 9.36 Policy -0.03 1.94 -0.7 1/16/1900 4.36 -0.39 24.1 16.18 0.14
20.4 8.14 Policy 2 2006 -1.25 Policy R1000G 89.7 2.3 S&P500 99 14.25 R2000V
89.2 6.61 6 4.42 -1.95 4 3 Yr 8 Yr 2 3/31/2004 12.74 2
3/31/2004 Fiscal Year Returns Ending September 37.5 6.03 -3.61 16 14.6 11.01 10 Incept 10.6 6
Incept Fund -1.82 -1.61 8 Yr 65 17.7 8.9 58.33 21.1 Fiscal Year Returns Ending September 37.5
16.8 Return 7.4 2005 2.62 -5.23 82.8 7.36 -2.15 19.8 Fund -6.26
18.9 %-tile 9.22 12.97 38 14.31 4 Yr 4.94   9.23 106.7 Return 13.5
3/29/1900 Policy 11.41 11.6 -0.08 19.54 1/16/1900 3.61 11.38 Returns in Down Markets %-tile 19.76
Returns in Down Markets Return 8.02 1.37 99 1.16 18.6 Fiscal Year Returns Ending September   4.91 Fund R2000V 6.08
Fund %-tile Standard Deviation 1 6/26/1905 7.35 Standard Deviation 9.53 90.6 Fund 7.42 R2000V Return 11.51
Policy Universe 0 4.45 3.05 1 12/31/2002 Return 1 Ratio QU. FUND %-tile #VALUE! 1
Ratio 5th %-tile 1 7.51 2.19 0 Incept %-tile 0 1 Yr UNIVERSE Universe 0
1 Yr 25th %-tile 0.98 -3.06 1.54 1 20.8 S&P500 1 -6.8 POLICY 5th %-tile #VALUE! 1
################################# 50th %-tile 7.84 2003 0.25 1.16 1/21/1900 Return 1.24 -6.3 25th %-tile 0.46
-0.5 75th %-tile 0 20.02 9 Yr 11.01 97.7 QU. FUND %-tile 9.17 108.8 50th %-tile #VALUE! 5.26
438.8 95th %-tile Diff 25.91 5.33 0 Returns in Down Markets UNIVERSE Universe 0 2 Yr 75th %-tile 0
2 Yr Qtr 0 -5.89 48 Diff Fund POLICY 5th %-tile Diff -11.6 95th %-tile #VALUE! Diff
-3.7 -2.15 0 2002 3.31 1 S&P500 25th %-tile 0 -8.8 Qtr 0
-2.3 85   25 -17.69 85   -1 Ratio </