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
3 20%BLCG20%PLCV10%BSCVC5%BSC5%BLC 20%IFI20%BFI 21 24 33.33BLCG33.33PLCV16.67BSCVC8.33BSC8.33BLC 26 29 50% Intermediate FI, 50% Broad FI 31 Inception date is December 31, 1997 50% Broad LC Growth Equity, 50% IFI 3 Yr
Inception date is December 31, 1997 5 3 Yr Inception date is December 31, 1997 25 3 Yr Inception date is December 31, 1997 30 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, 2009 Batting Average
Returns are net of fees. Incept is December 31, 1997 to September 30, 2009 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2009 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2009 Batting Average Account Reconciliation Trailing Returns through September 30, 2009 Worst Qtr
Account Reconciliation Trailing Returns through September 30, 2009 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2009 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2009 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 9/30/2009 Return Beta
9/30/2009 Return Beta 9/30/2009 Return Beta 9/30/2009 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 22,923 Universe R-Squared
46,822 Universe R-Squared 24,749 Universe R-Squared 20,993 Universe R-Squared 70 5th %-tile Sharpe Ratio
1,288 5th %-tile Sharpe Ratio 672 5th %-tile Sharpe Ratio 340 5th %-tile Sharpe Ratio 1,957 25th %-tile Treynor Ratio
4,858 25th %-tile Treynor Ratio 3,727 25th %-tile Treynor Ratio 1,188 25th %-tile Treynor Ratio 24,950 50th %-tile Tracking Error
52,968 50th %-tile Tracking Error 29,148 50th %-tile Tracking Error 22,521 50th %-tile Tracking Error 2,009 75th %-tile Information Ratio
2009 75th %-tile Information Ratio 2009 75th %-tile Information Ratio 2009 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund 17,276 1 Yr 5
49,517 1 Yr 6 27,491   1 Yr   5 20,564   1 Yr   3 4,352 14.54 0.1454 7
2,847 0.85 0.0085 6 3,458   -8.67 -0.0867 7 -892   14.87 0.1487 9 3,322 19   66.67
605 85 58.33 -1,800   85   50 2,850   22   75 24,950 11 0.11 -3.83
52,968 0.77 0.0077 -12.24 29,148 -6.67 -0.0667 -25.41 22,521 9.82 0.0982 -1.44 35,795 58   8.58
12/31/1997 85 10.29 12/31/1997 58 15.68 12/31/1997 72 5.62 Incept 17.57 12.41
Incept 6.18 22.53 Incept -2.24 41.09 Incept 18.39 7.06 15,998 13.68 -7.56
15,998 4.28 -21.46 10,999 -4.82 -37.35 4,811 14.34 2.85 -6,077 11.71 6.88
20,099 2.82 11.82 12,372 -6.3 20.33 5,436 11.89 4.09 15,029 9.42 0.78
16,871 1.56 0.9 5,777     -7.78 0.96 12,274     9.39 1.05 24,950  24,950,000 3.13 3.3
52,968  52,968,000 -1.72 -0.05 29,148   29,148,000 -10.92 -0.64 22,521   22,521,000 3.67 1.54 Investment Policy     2 Yr 0.94
Investment Policy 2 Yr 0.97 Investment Policy 2 Yr 0.98 Investment Policy 2 Yr 0.9 Index 5.18 0.0518 0.65
Index -5.56 -0.0556 -0.23 Index -14.74 -0.1474 -0.39 Index 9.29 0.0929 1.36 Barclays Capital Gov/Credit-Intermediate 1 5.71
BCAB A+ 57 -2.98 Russell 1000 Value 78 -8.31 BCAB A+ 1 5.31 Russell 1000 Growth 0.69 0.0069 2.52
Barclays Capital Gov/Credit-Intermediate -5.18 -0.0518 2.38 Russell 1000 Growth -13.44 -0.1344 3.31 Barclays Capital Gov/Credit-Intermediate 6.64 0.0664 1.3 Total 36 0.97
Russell 1000 Value 48 0 S&P Midcap 400 42 -0.13 Total 20 1.51 Weight 2.8 Policy
Other -3.37 Policy Russell 2000 Value -11.31 Policy Weight 8.15 Policy 50 1.36 5
Weight -4.44 6 Weight -12.82 6 50 6.28 4 50 -0.13 7
20 -5.27 6 33.33 -13.73 6 50 5.01 8 100 -2.02 33.33
20 -6.4 41.67 33.33 -14.62 50 100 3.15 25 Trailing Returns through September 30, 2009 -6.4 -4.94
20 -8.53 -12.55 16.67 -16.09 -23.37 Trailing Returns through September 30, 2009 -1.76 -1.37 Fund 3 Yr 8.88
40 3 Yr 11.87 16.67   3 Yr 17.84 Fund   3 Yr   4.97 Policy 1 Yr FUND 7.08 0.0708 13.82
Trailing Returns through September 30, 2009 1 Yr FUND -0.05 -0.0005 24.42 Trailing Returns through September 30, 2009 1 Yr FUND -5.35 -0.0535 41.21 Policy 1 Yr FUND 8.21 0.0821 6.34 Diff UNIVERSE 1   -13.89
Fund UNIVERSE 48 -23.25 Fund UNIVERSE 67 -37.98 Diff UNIVERSE 2 2.7 1 Yr POLICY 4.63 0.0463 8.49
Policy POLICY -0.06 -0.0006 12.96 Policy POLICY -4.92 -0.0492 20.91 1 Yr POLICY 6.25 0.0625 3.69 14.54 31   1
Diff 49 1 Diff 55 1 14.87 18 1 11 6.23 0
1 Yr 1.54 0 1 Yr -2.46 0 9.82 7.34 0 3.54 4.9 1
0.85 0.58 1 -8.67 -3.9 1 5.05 5.9 1 2 Yr 3.74 0.24
0.77 -0.11 -0.21 -6.67 -4.81 -0.36 2 Yr 4.72 0.98 5.18 2.24 2
0.08 -0.95 -2.69 -2 -5.67 -7.55 9.29 3.47 3.62 0.69 -1.28 0
2 Yr -2.41 0 2 Yr -7.06 0 6.64 -0.19 0 4.49 4 Yr Diff
-5.56 4 Yr Diff -14.74 4 Yr Diff 1/2/1900 4 Yr Diff 3 Yr 6.23 0.0623 0
-5.18 1.56 0.0156 0 -13.44 -1.95 -0.0195   -1 3 Yr 7.01 0.0701 -1 7.08 4   0
-0.38 63 0 -1.3 75   1 8.21 5 1 4.63 4.72 0.0472 33.34
3 Yr 1.96 0.0196 16.66 3 Yr -1.09 -0.0109   0 6.25 5.6 0.056 50 2.45 31   1.11
-0.05 45 0.31 ################################## 45 -2.04 1/1/1900 18 -0.07 4 Yr 5.98 -0.3
-0.06 3.15 -1.58 -4.92 0.73 -2.16 4 Yr 6.95 0.65 6.23 4.9 -1.41
0.01 2.35 -1.89 -0.43 -0.54 -0.12 7.01 5.25 0.72 1/4/1900 4.01 6.33
4 Yr 1.82 1.79 4 Yr -1.25 0.63 5.6 4.47 0.15 1.51 2.96 -1.61
1.56 1.22 -1.14 -1.95 -1.96 -0.58 1.41 3.41 0.4 5 Yr 0.56 -0.22
1.96 0.18 -0.1 -1.09 -2.96 -0.04 5 Yr 1.04 0.05 6.62 5 Yr 3.3
-0.4 5 Yr -0.05 -0.86 5 Yr -0.64 6.19 5 Yr 1.54 5.18 3 YR FUND 6.62 0.0662 -0.06
5 Yr 3 YR FUND 2.9 0.029 -0.03 5 Yr 3 YR FUND 0.85 0.0085 -0.02 5.03 3 YR FUND 6.19 0.0619 -0.1 1.44 UNIVERSE 8   0.41
2.9 UNIVERSE 73 -0.02 0.85 UNIVERSE 85 -0.03 1/1/1900 UNIVERSE 8 0.38 6 Yr POLICY 5.18 0.0518 3.71
3.35 POLICY 3.35 0.0335 -0.29 1/1/1900 POLICY 1.62 0.0162 -0.76 6 Yr POLICY 5.03 0.0503 1.69 6.02 43   2.52
-0.45 57 2.38 ################################## 59 3.31 5.71 24 1.3 1/5/1900 6.86 5 Yr 5 Yr
6 Yr 5 5 Yr 5 Yr 6 Yr 4.04 5 Yr 5 Yr 4.81 6.91 5 Yr 5 Yr 1/0/1900 5.83 # of Negative Qtrs
1/3/1900 4.04 # of Negative Qtrs 2.71 2.41 # of Negative Qtrs 1/0/1900 4.97 # of Negative Qtrs 7 Yr 4.99 # of Positive Qtrs
4.54 3.46 # of Positive Qtrs 3.8 1.79 # of Positive Qtrs 7 Yr 4.22 # of Positive Qtrs 6.94 4.12 Batting Average
-0.9 2.83 Batting Average ################################## 1.22 Batting Average 5.68 3.34 Batting Average 1/6/1900 2.15 Worst Qtr
7 Yr 1.83 Worst Qtr 7 Yr 0.2 Worst Qtr 4.89 1.69 Worst Qtr 0.13 6 Yr Best Qtr
1/5/1900 6 Yr Best Qtr 1/5/1900 6 Yr Best Qtr 1/0/1900 6 Yr Best Qtr 8 Yr 6.02 0.0602 Range
6.24 3.64 0.0364 Range 6.57 2.71 0.0271 Range 8 Yr 5.71 0.0571 Range 1/5/1900 31 Worst 4 Qtrs
-1.13 92 Worst 4 Qtrs ################################## 89 Worst 4 Qtrs 6.14 19 Worst 4 Qtrs 1/4/1900 5.23 0.0523 Standard Deviation
8 Yr 4.54 0.0454 Standard Deviation 8 Yr 3.8 0.038 Standard Deviation 5.35 4.81 0.0481 Standard Deviation 1/0/1900 61 Beta
1/3/1900 60 Beta 2.01 55 Beta 1/0/1900 35 Beta 9 Yr 7.2 Annualized Alpha
1/4/1900 6.53 Annualized Alpha 2.89 6.21 Annualized Alpha 9 Yr 7.58 Annualized Alpha 1/3/1900 6.19 R-Squared
-0.77 5.26 R-Squared ################################## 4.74 R-Squared 6.93 5.16 R-Squared 1.8 5.47 Sharpe Ratio
9 Yr 4.7 Sharpe Ratio 9 Yr 3.91 Sharpe Ratio 6.17 4.28 Sharpe Ratio 1/1/1900 4.77 Treynor Ratio
1/1/1900 4.19 Treynor Ratio -1.57 3.37 Treynor Ratio 1/0/1900 3.29 Treynor Ratio 10 Yr 3.13 Tracking Error
1/2/1900 3.3 Tracking Error ################################## 2.26 Tracking Error 10 Yr 1.82 Tracking Error 1/4/1900 7 Yr Information Ratio
-0.35 7 Yr Information Ratio ################################## 7 Yr Information Ratio 1/6/1900 7 Yr Information Ratio 1/3/1900 5 YR FUND 6.94 0.0694 Fund
10 Yr 5 YR FUND 5.11 Fund 10 Yr 5 YR FUND 5.58 Fund 1/6/1900 5 YR FUND 5.68 0.0568 Fund 1/1/1900 UNIVERSE 51   7
1/2/1900 UNIVERSE 91 8 -0.62 UNIVERSE 88 7 0.67 UNIVERSE 20 7 12/31/1997 POLICY 6.81 0.0681 13
1/2/1900 POLICY 6.24 12 1/0/1900 POLICY 6.57 13 12/31/1997 POLICY 4.89 0.0489 13 Incept 55   Batting Average 55
-0.33 54 Batting Average 50 ################################## 54 Batting Average 45 Incept 30 Batting Average 60 1/6/1900 8.97 -3.83
12/31/1997 8.6 -12.24 12/31/1997 9.18 -25.41 6.58 9.52 -1.44 4.18 7.74 8.58
Incept 7.2 10.29 Incept 7.6 15.68 1/5/1900 5.11 5.62 2.32 6.95 12.41
1/4/1900 6.34 22.53 1.85 6.68 41.09 1/0/1900 4.22 7.06 Fiscal Year Returns Ending September 6.11 -7.56
4.45 5.75 -21.46 2.81 5.98 -37.35 Fiscal Year Returns Ending September 3.51 -0.36 Fund 4.44 Standard Deviation 6.27
-0.31 4.83 Standard Deviation 9.76 ################################## 5.14 Standard Deviation 16.68   Fund 2.14 Standard Deviation 3.61 Policy 8 Yr Beta 0.83
Fiscal Year Returns Ending September 8 Yr Beta 0.91 Fiscal Year Returns Ending September 8 Yr Beta 0.96   Policy 8 Yr Beta 1.01   Diff 5.28 Annualized Alpha 2.22 0.0222
Fund 3.47 Annualized Alpha -0.16 -0.0016 Fund 2.01 Annualized Alpha -0.69 -0.0069 Diff 6.14 Annualized Alpha 1.03 0.0103 9/30/2009 41 R-Squared 0.92  
Policy 87 R-Squared 0.96 Policy 93 R-Squared 0.97 9/30/2009 17 R-Squared 0.91 Qtr 4.94 0.58
Diff 4.24 -0.01 Diff 2.89 -0.13 Qtr 5.35 0.89 8.58 53 4.41
9/30/2009 55 -0.07 9/30/2009 66 -2.2 1/5/1900 26 3.2 8.54 6.85 2.18
Qtr 6.26 2.13 Qtr 5.9 2.95 3.27 8.47 1.07 0.04 5.68 0.66
10.29 5 -0.21 15.07 4.21 -0.26 2.35 5.38 1.08 7/1/1905 5 Policy Policy
11.87 4.32 Policy Policy 17.84 3.32 Policy Policy 2009 4.64 Policy Policy YTD 4.2 7
-1.58 3.78 8 -2.77 2.58 8 YTD 3.96 8 14.54 3.15 13
2009 3.07 12 2009 1.86 12 1/14/1900 2.25 12 11 9 Yr 45
YTD 9 Yr 50 YTD 9 Yr 55 9.82 9 Yr 40 3.54 3.06 -4.94
0.85 1.88 -12.55 -8.67 -1.57 -23.37 5.05 6.93 -1.37 2008 38 8.88
0.77 65 11.87 -6.67 84 17.84 2008 9 4.97 -3.41 1.8 13.82
0.08 2.23 24.42 -2 -0.94 41.21 3.98 6.17 6.34 -8.67 74 -13.89
2008 48 -23.25 2008 67 -37.98 3.56 18 -0.81 5.26 4.92 Standard Deviation 7.23
-11.57 5.02 Standard Deviation 10.53 -20.4 3.63 Standard Deviation 17.06 0.42 7.49 Standard Deviation 3.4 2007 3.58 1
-10.79 3.11 1 -19.72 1.56 1 2007 5.85 1 10.97 2.67 0
-0.78 2.18 0 -0.68 -0.43 0 6.1 5.16 0 12.99 1.76 1
2007 1.62 1 2007 -1.29 1 5.48 4.5 1 -2.02 0.19 0.31
11.96 0.36 0.04 16.64 -3.91 -0.08 0.62 3.2 0.61 2006 10 Yr 2.22
11.03 10 Yr 0.39 14.69 10 Yr -1.34 2006 10 Yr 2.07 3.73 4.43 0
0.93 2.63 0 1/1/1900 -0.62 0 1/3/1900 6.9 0 4.97 33 Diff
2006 67 Diff 2006 90 Diff 3.67 6 Diff -1.24 3.1 0
1/6/1900 2.96 0 9.02 0.22 -1 -0.19 6.23 -1 6/27/1905 71 0
8.28 53   0 11.36 73   1 2005 12   1 8.2 5.69   10
-1.71 5.67 0 -2.34 5.13 -10 2.95 7.05 20 7.07 4.68 1.11
2005 3.94   0.31 2005 2.64   -2.04 2.8 5.71   -0.07 1.13 3.74   -0.3
8.42 3.04 -1.58 12.84 1.04 -2.16 0.15 5.07 0.65 2004 2.93 -1.41
9.06 2.41 -1.89 13.21 0.15 -0.12 6/26/1905 4.48 0.72 3.06 1.58 6.33
-0.64 1.52 1.79 -0.37 -1.28 0.63 3.36 3.39 0.45 5.45 Fiscal Year Returns Ending September -0.96
2004 Fiscal Year Returns Ending September -0.77 6/26/1905 Fiscal Year Returns Ending September -0.38 3.68 Fiscal Year Returns Ending September 0.21 ################################ Fund -0.17
7.44 Fund -0.09 12.55 Fund -0.04 -0.32 Fund 0.01 2003 Return 2.22
1/10/1900 Return   -0.16 15.46 Return   -0.69 6/25/1905 Return   1.03 1/12/1900 %-tile   -0.08
-3.29 %-tile -0.04 -2.91 %-tile -0.03 5.52 %-tile -0.09 16.84 Policy 0.27
2003 Policy   -0.05 6/25/1905 Policy   -0.05 5.4 Policy   0.28 ################################ Return   2.19
14.37 Return -0.46 24.55 Return -0.86 0.12 Return 1.13 2002 %-tile 2.18
1/17/1900 %-tile 2.13 24.8 QU. FUND %-tile 2.95 6/24/1905 %-tile 1.07 ################################ Universe   10 Yr
-2.67 Universe 10 Yr -0.25 UNIVERSE Universe 10 Yr 9.39 Universe 10 Yr -7.3 5th %-tile # of Negative Qtrs
2002 5th %-tile # of Negative Qtrs 6/24/1905 POLICY 5th %-tile # of Negative Qtrs 8.6 5th %-tile # of Negative Qtrs 1/1/1900 25th %-tile   # of Positive Qtrs
-7.32 25th %-tile # of Positive Qtrs -19.84 25th %-tile # of Positive Qtrs 0.79 25th %-tile # of Positive Qtrs 2001 QU. FUND 50th %-tile Batting Average
############################## QU. FUND 50th %-tile Batting Average ################################## 50th %-tile Batting Average 6/23/1905 QU. FUND 50th %-tile Batting Average -13.1 UNIVERSE 75th %-tile Worst Qtr
1.45 UNIVERSE 75th %-tile Worst Qtr -0.27 75th %-tile Worst Qtr 13.48 UNIVERSE 75th %-tile Worst Qtr -20.13 POLICY 95th %-tile Best Qtr
6/23/1905 POLICY 95th %-tile Best Qtr 6/23/1905 95th %-tile Best Qtr 12.95 POLICY 95th %-tile Best Qtr 1/7/1900 Qtr Range
-9.99 Qtr Range -26 Qtr Range 0.53 Qtr Range 2000 8.58 0.0858 Worst 4 Qtrs
############################## 10.29 0.1029 Worst 4 Qtrs ################################## 15.07 0.1507 Worst 4 Qtrs 6/22/1905 5.62 0.0562 Worst 4 Qtrs 17.54 93 Standard Deviation
2.49 100 Standard Deviation 0.85 98 Standard Deviation 6.57 63 Standard Deviation 1/15/1900 8.54 0.0854 Beta
6/22/1905 11.87 0.1187 Beta 6/22/1905 17.84 0.1784 Beta 6.74 3.27 0.0327 Beta 1/2/1900 94   Annualized Alpha
9.62 75 Annualized Alpha 8.31 14 Annualized Alpha -0.17 95 Annualized Alpha Returns in Up Markets 12.95 R-Squared
1/9/1900 14.88 R-Squared 11.3 18.3 R-Squared Returns in Up Markets 10.56 R-Squared Fund 11.26 Sharpe Ratio
-0.14 13.35 Sharpe Ratio -2.99 17.44 Sharpe Ratio Fund 7.94 Sharpe Ratio Policy 10.34 Treynor Ratio
Returns in Up Markets 12.55 Treynor Ratio Returns in Up Markets 16.82 Treynor Ratio Policy 6.49 Treynor Ratio Ratio 9.52 Tracking Error
Fund 11.86 Tracking Error Fund 16.22 Tracking Error Ratio 4.96 Tracking Error 3 Yr 8.27 Information Ratio
Policy 11.06   Information Ratio Policy 15.31   Information Ratio 3 Yr 3.11   Information Ratio 17.6 YTD   Fund
Ratio YTD Fund Ratio YTD Fund 1/14/1900 YTD Fund 1/18/1900 14.54 0.1454 16
3 Yr 0.85 0.0085 17 3 Yr -8.67 -0.0867 16 10.9 14.87 0.1487 11 94.8 19   24
22.2 85 23 2/3/1900 85 24 129.3 22 29 5 Yr 11 0.11 47.5
23.7 0.77 0.0077 52.5 35.9 -6.67 -0.0667 42.5 5 Yr 9.82 0.0982 52.5 14.6 58   -7.29
4/2/1900 85 -12.24 95.1 58 -25.41 1/12/1900 72 -2.27 1/15/1900 17.57 10.46
5 Yr 6.18 10.29 5 Yr -2.24   15.68 10.1 18.39 5.62 95.4 13.68   17.75
17.1 4.28 22.53 1/25/1900 -4.82 41.09 118.5 14.34 7.89 10 Yr 2004 FUND 11.71 0.1171 -13.1
1/18/1900 2004 FUND 2.82 0.0282 -21.46 27.7 2004 FUND -6.3 -0.063 -37.35 10 Yr 2004 FUND 11.89 0.1189 -0.36 15.9 UNIVERSE 9.42 8.04
3/31/1900 UNIVERSE 1.56 9.46 4/1/1900 UNIVERSE -7.78 17.86 1/10/1900 UNIVERSE 9.39 4.03 18.3 POLICY 3.13 0.0313 0.78
10 Yr POLICY -1.72 -0.0172 0.87 10 Yr POLICY -10.92 -0.1092 0.94 1/9/1900 POLICY 3.67 0.0367 1.06 86.8 2008   1.92
1/16/1900 2008 0.01 0.0001 1/27/1900 2008 -0.83   108.6 2008 0.28 0.0028 12/31/1997 -3.41 0.93 0.0093
1/18/1900 -11.57   0.97 1/28/1900 -20.4 0.97 12/31/1997 3.98 0.93 Incept 1   0.18
3/27/1900 15 -0.03 4/2/1900 53 -0.2 Incept 2 0.98 17.6 -8.67 1.88
12/31/1997 -10.79 -0.38 12/31/1997   -19.72   -3.81 10.3 3.56   3.72 1/17/1900 12   3.05
Incept 7 2.12 Incept   37 3.46 9.5 4 1.09 4/11/1900 -7.66 0.44
18.3 -10.56 -0.16 29.7   -17.29   -0.24 108.2 3.41   0.61 Returns in Down Markets -9.83   Policy
1/20/1900 -12.18 Policy 31.8 -19.13 Policy Returns in Down Markets 0.44 Policy Fund 2003 FUND -11.57 -0.1157 17
91.2 2003 FUND -13.38 -0.1338 17 93.5 2003 FUND -20.29 -0.2029 17 Fund 2003 FUND -1.91 -0.0191 11 Policy UNIVERSE -13.54 23
Returns in Down Markets UNIVERSE -14.67 23 Returns in Down Markets UNIVERSE -21.56 23 Policy UNIVERSE -4.82 29 Ratio POLICY -17.27 -0.1727 52.5
Fund POLICY -16.73 -0.1673 47.5 Fund POLICY -23.45 -0.2345 57.5 Ratio POLICY -9.07 -0.0907 47.5 3 Yr 2007   -9.05
Policy 2007 -12.55 Policy 2007 -23.37 3 Yr 2007 -2.44 -6.1 10.97 11.93
Ratio 11.96   11.87 Ratio 16.64 17.84 -2.6 6.1 4.97 -12.2 84   20.98
3 Yr 29 24.42 3 Yr 33 41.21 -2.4 15 7.41 50.1 12.99 -20.13
-18.3 11.03 -23.25 -33.2 14.69   -37.98 107.3 5.48   -0.81 5 Yr 50   9.98
-19.2 50 10.73 -33.5 77 18.58 5 Yr 18 3.66 -6.8 16.87 1
94.9 14.11 1 99.2 20.76   1 -2 8   1 ################################ 14.21   0
5 Yr 12.2 0 5 Yr 17.57 0 -2.2 4.97 0 59.7 2002 FUND 12.97 0.1297 1
-15.2 2002 FUND 11.02 0.1102 1 -27.5 2002 FUND 15.71 0.1571 1 90.7 2002 FUND 4.05 0.0405 1 10 Yr UNIVERSE 11.5 0.01
############################## UNIVERSE 10.15 0 -27.8 UNIVERSE 14.79 -0.15 10 Yr UNIVERSE 3.25 0.89 -9.3 POLICY 9.5 0.095 0.14
95.5 POLICY 8.58 0.0858 0 98.8 POLICY 11.89 0.1189 -2.74 ################################## POLICY 2.27 0.0227 3.27 -14.4 2006   0
10 Yr 2006 0 10 Yr 2006 0 ################################## 2006 0 64.5 3.73 Diff
-13.5 6.57   Diff -28.7 9.02 Diff 90.1 3.48 Diff 12/31/1997 81   -1
-15.1 85 0 ################################## 74 -1 12/31/1997 61 0 Incept 4.97 1
89.3 8.28 0 4/9/1900 11.36   1 Incept 3.67   0 -9.3 58   -5
12/31/1997 32 5 12/31/1997 27 -15 -2.6 53 5 -13.8 7.93 1.76
Incept 10.54 0.31 Incept 13.86   -2.04 -2.9 7.67   0.17 67.4 6.34   -1.47
-13.7 8.62 -1.58 -28.7 11.62 -2.16 88.7 4.52 0.65 2001 FUND 5.23 0.0523 -3.23
-15 2001 FUND 7.8 0.078 -1.89 -28.7 2001 FUND 10.42 0.1042 -0.12 2001 FUND 3.7 0.037 0.48 UNIVERSE 4.12 7.03
91.7 UNIVERSE 6.97 1.79 100 UNIVERSE 8.95 0.63 UNIVERSE 3.17 0.45 POLICY 2.26 0.0226 -1.94
POLICY 5.44 0.0544 -1.27 POLICY 6.61 0.0661 -0.72 POLICY 2.33 0.0233 0.37 2005   -0.22
2005 -0.13 2005 -0.06 2005 0.06 8.2 1.92
8.42   0.01 12.84 -0.83 2.95 0.28 65   -0.07
91 -0.03 86 -0.03 56 -0.07 7.07 0.17
9.06 -0.03 13.21   -0.05 2.8   0.09 87   1.74
78 -0.38 79 -1.07 61 0.45 12.9 3.05
14.27 2.12 19.72   3.46 8.5   1.09 10.88   Incept
11.97 Incept 17.48 Incept 4.7 Incept 2000 FUND 8.88 0.0888 # of Negative Qtrs
2000 FUND 10.46 0.1046 # of Negative Qtrs 2000 FUND 14.86 0.1486 # of Negative Qtrs 2000 FUND 3.19 0.0319 # of Negative Qtrs UNIVERSE 7.64 # of Positive Qtrs
UNIVERSE 9.11 # of Positive Qtrs UNIVERSE 13.36 # of Positive Qtrs UNIVERSE 2.06 # of Positive Qtrs POLICY 6.22 0.0622 Batting Average
POLICY 7.89 0.0789 Batting Average POLICY 11.65 0.1165 Batting Average POLICY 1.07 0.0107 Batting Average 2004 Worst Qtr
2004 Worst Qtr 2004 Worst Qtr 2004 Worst Qtr 3.06 Best Qtr
7.44 Best Qtr 12.55 Best Qtr 3.36 Best Qtr 99 Range
97 Range 93 Range 61 Range 5.45 Worst 4 Qtrs
10.73 Worst 4 Qtrs 15.46 Worst 4 Qtrs 3.68 Worst 4 Qtrs 87 Standard Deviation
66 Standard Deviation 61 Standard Deviation 56 Standard Deviation 11.34 Beta
15.95 Beta 21.78 Beta 11.88 Beta 9.06 Annualized Alpha
13.38 Annualized Alpha 17.65 Annualized Alpha 5.87 Annualized Alpha 7.76 R-Squared
11.54 R-Squared 15.98 R-Squared 3.93 R-Squared 6.28 Sharpe Ratio
10.26 Sharpe Ratio 14.79 Sharpe Ratio 2.56 Sharpe Ratio 4.7 Treynor Ratio
7.92 Treynor Ratio 11.15 Treynor Ratio 0.88 Treynor Ratio 2003 Tracking Error
2003 Tracking Error 2003 Tracking Error 2003 Tracking Error 12.61 Information Ratio
14.37 Information Ratio 24.55 Information Ratio 5.52 Information Ratio 83 Fund
86 Fund 48 Fund 33 Fund 16.84 18
17.04 19 24.8 18 5.4 13 34 29
43 28 46 29 33 34 25.49 51.06
26.29 53.19 30.68 42.55 25.2 53.19 18.43 -7.29
18.63 -12.24 26.36 -25.41 6.85 -2.27 15.51 14.62
16.65 12.53 24.36 19.75 3.79 5.62 13.24 21.91
15.16 24.77 22.39 45.16 2.9 7.89 11.05 -13.1
12.57 -21.46 18.21   -37.35 1.77 -1.19 2002 9
2002 10.03 2002 18.32 2002 4.07 -5.61 0.86
-7.32 0.9 -19.84   0.95 9.39 1.06 38 2.85
43 0.09 85 -0.81 8 0.29 -7.3 0.83
-8.77 0.97 -19.57 0.97 8.6 0.94 62 0.36
67 0.09 81 -0.08 16 0.82 0.4 3.79
-1.96 1 -8.94   -1.46 9.81 3.15 -4.82 3.97
-5.92 2.06 -14.34 3.38 8.12 1.03 -6.47 0.58
-7.81 -0.15 -17.1   -0.28 6.85 0.62 -8.36 Policy
-9.31 Policy -19.16 Policy 4.3 Policy -11.94 18
-12.22 19 -20.9 19 -2.62 13 2001 29
2001 28 2001 28 2001 34 -13.1 48.94
-9.99 46.81 -26 57.45 13.48 46.81 51 -9.05
35 -12.55 54 -23.37 4 -2.44 -20.13 11.93
-12.48 12.55 -26.85 21.3 12.95 4.97 86 20.98
59 25.1 60 44.67 8 7.41 -1.55 -20.13
3.03 -23.25 -2.55 -37.98 13.21 -2.05 -8.72 9.55
-6.91 10.93 -16.29 19.06 11.08 3.72 -13.02 1
-11.74 1 -25.47 1 9.64 1 -17.3 0
-14.08 0 -28.46 0 7.25 0 -23.85 1
-22.87 1 -40.75 1 -11.16 1 0.1
0.11 -0.02 0.73 0.94
1.21 -0.43 2.7 0
0 0 0 Diff
Diff Diff Diff 0
0 -1 0 0
0 1 0 2.12
6.38 -14.9 6.38 1.76
0.31 -2.04 0.17 2.69
-0.02 -1.55 0.65 0.93
-0.33 0.49 0.48 7.03
1.79 0.63 0.86 -0.55
-0.9 -0.74 0.35 -0.14
-0.1 -0.05 0.06 2.85
0.09 -0.81 0.29 -0.17
-0.03 -0.03 -0.06 0.26
-0.02 -0.06 0.09 2.85
-0.21 -1.03 0.45 3.97
2.06 3.38 1.03 5.08