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 Total Fund DHJ Total Total Fund DHJ Total
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 17 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 December 31, 2006 Batting Average
Returns are net of fees. Incept is December 31, 1997 to December 31, 2006 Batting Average Returns are gross of fees. Incept is December 31, 1997 to December 31, 2006 Batting Average Returns are gross of fees. Incept is December 31, 1997 to December 31, 2006 Batting Average Account Reconciliation Trailing Returns through December 31, 2006 Worst Qtr
Account Reconciliation Trailing Returns through December 31, 2006 Worst Qtr Account Reconciliation Trailing Returns through December 31, 2006 Worst Qtr Account Reconciliation Trailing Returns through December 31, 2006 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 12/31/2006 Return Beta
12/31/2006 Return Beta 12/31/2006 Return Beta 12/31/2006 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 21,262 Universe R-Squared
47,765 Universe R-Squared 28,972 Universe R-Squared 16,893 Universe R-Squared 364 5th %-tile Sharpe Ratio
-260 5th %-tile Sharpe Ratio 1 5th %-tile Sharpe Ratio 517 5th %-tile Sharpe Ratio 438 25th %-tile Treynor Ratio
1,915 25th %-tile Treynor Ratio 1,792 25th %-tile Treynor Ratio 172 25th %-tile Treynor Ratio 22,064 50th %-tile Tracking Error
49,420 50th %-tile Tracking Error 30,765 50th %-tile Tracking Error 17,583 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 4
47,765 3 Qtrs 4 28,972   3 Qtrs   3 16,893   3 Qtrs   5 364 2.19 8
-260 5.49   8 1   7.16   9 517   4.36 7 438 80   25
1,915 84 25 1,792   74   25 172   48   33.33 22,064 8.11 -2.32
49,420 8.45   -1.7 30,765 10.74   -3.08 17,583 5.01 -2.27 35,795 7   6.49
12/31/1997 26 6.82 12/31/1997 27 10.79 12/31/1997 27 3.42 Incept 8.32 8.81
Incept 10.01 8.52 Incept 13.62 13.87 Incept 7.85 5.69 15,998 6.39 2.13
15,998 8.47 3.58 10,999 10.82 4.95 4,811 5.06 -0.36 -4,730 4.52 5.03
14,538 7.36 4.95 8,269 9.38 7.75 5,029 4.3 2.88 10,796 2.32 1.15
18,884 6.26 1 11,497     6.87 0.99 7,743     3.79 0.9 22,064  22,064,000 0.64 -3.8
49,420  49,420,000 3.67 -1.53 30,765   30,765,000 2.59 -1.61 17,583   17,583,000 2.94 0.24 Investment Policy     1 Yr 0.83
Investment Policy 1 Yr 0.9 Investment Policy 1 Yr 0.93 Investment Policy 1 Yr 0.99 Index 3.71 0.0371 0.21
Index 8.66 0.0866 0.74 Index 12.4 0.124 0.83 Index 3.9 0.039 0.2 S&P 500 73 0.92
S&P 500 84 3.64 S&P 500 77 6.53 Lehman Aggregate Bond 68 0.63 Lehman Gov/Credit-Intermediate 10.41 0.1041 2.14
Lehman Aggregate Bond 11.87 0.1187 1.53 Russell 2000 Value 17.09 0.1709 2.11 Total 4.33 0.0433 0.4 Total 7 -1.4
Russell 2000 Value 34 -1.08 Total 26 -0.89 Weight 49 -0.35 Weight 10.8 Policy
Total 14.47 Policy Weight 20.66 Policy 100 10.81 LBAB 55 8.41 3
Weight 12.54 3 83.3 17.17 3 100 5.61 5 45 5.91 9
50 11.05 9 16.7 15.32 9 Trailing Returns through December 31, 2006 4.3 7 100 3.59 75
40 9.83 75 100 12.76 75 Fund 3.74 66.67 Trailing Returns through December 31, 2006 0.46 -1.56
10 6.76 -1.64 Trailing Returns through December 31, 2006 7.05 -2.45 LBAB 2.83 -2.44 Fund 2 Yr 5.22
100 2 Yr 6.28 Fund   2 Yr 9.9 Diff   2 Yr   3.81 Policy 1 Yr FUND 3.71 0.0371 6.78
Trailing Returns through December 31, 2006 1 Yr FUND 6.09   7.92 Policy 1 Yr FUND 8.61   12.35 1 Yr 1 Yr FUND 3.29 0.0329 6.25 Diff UNIVERSE 82   3.48
Fund UNIVERSE 89 4.02 Diff UNIVERSE 80 4.91 3.9 UNIVERSE 55 -0.81 1 Yr POLICY 6.89 0.0689 3.98
Policy POLICY 7.87   4.71 1 Yr POLICY 10.83   7.5 4.33 POLICY 3.38 0.0338 3.21 3.71 10   1
Diff 46 1 12.4 40 1 -0.43 52 1 10.41 7.21 0
1 Yr 10.1 0 17.09 13.73 0 2 Yr 7.37 0 -6.7 5.96 1
8.66 8.82 1 -4.69 11.61 1 3.29 4.47 1 2 Yr 5.09 1.02
11.87 7.75 1.13 2 Yr 10.41 1.11 3.38 3.4 0.22 3.71 4.29 4.06
-3.21 6.99 5.3 8.61 9.33 8.33 -0.09 2.79 0.71 6.89 1.24 0
2 Yr 5.37 0 10.83 6.36 0 3 Yr 2.01 0 -3.18 3 Yr Diff
6.09 3 Yr Diff -2.22 3 Yr Diff 1/3/1900 3 Yr Diff 3 Yr 4.05 0.0405 1
7.87 6.63 0.0663 1 3 Yr 9.45 0.0945   0 3.7 3.56 0.0356 0 4.05 83   -1
-1.78 87 -1 9.45 79   0 -0.14 52 0 7.05 7.05 0.0705 -50
3 Yr 8.29 0.0829 -50 11.32 11.32 0.1132   -50 4 Yr 3.7 0.037 -33.34 -3 7   -0.76
6.63 55 -0.06 ################################## 46 -0.63 1/3/1900 48 0.17 4 Yr 7.38 1.27
8.29 11.08 0.54 4 Yr 14.13 0.89 3.8 8.17 -0.39 6.34 6.11 2.03
-1.66 9.44 0.6 14.11 12.4 1.52 -0.1 4.66 -0.56 1/9/1900 5.28 -1.35
4 Yr 8.39 -0.44 15.82 11.12 0.04 5 Yr 3.61 0.45 -3.27 4.48 1.05
9.07 7.52 0.24 -1.71 10.03 0.25 5.12 2.84 -0.33 5 Yr 3.02 0.15
10.98 5.83 0 5 Yr 7.04 -0.01 1/5/1900 1.96 -0.1 3.66 4 Yr -3.8
-1.91 4 Yr -1.53 5.99 4 Yr -1.61 -0.07 4 Yr 0.24 6.23 3 YR FUND 6.34 0.0634 -0.17
5 Yr 3 YR FUND 9.07 -0.1 7.29 3 YR FUND 14.11 -0.07 6 Yr 3 YR FUND 3.7 0.037 -0.01 -2.57 UNIVERSE 85   -0.81
5.49 UNIVERSE 94 -0.39 -1.3 UNIVERSE 80 -0.28 1/5/1900 UNIVERSE 55 -0.02 6 Yr POLICY 9.61 0.0961 -3.14
6.64 POLICY 10.98 -1.66 6 Yr POLICY 15.82 -1.8 1/5/1900 POLICY 3.8 0.038 -0.08 2.26 6   2.14
-1.15 53 1.53 1/2/1900 44 2.11 0 53 0.4 1/4/1900 9.63 5 Yr 5 Yr
6 Yr 14.59 5 Yr 5 Yr 3.51 18.57 5 Yr 5 Yr 7 Yr 12.35 5 Yr 5 Yr ################################ 8.67 # of Negative Qtrs
1/3/1900 12.26 # of Negative Qtrs -0.83 16.67 # of Negative Qtrs 1/6/1900 5.19 # of Negative Qtrs 7 Yr 7.87 # of Positive Qtrs
4.65 11.09 # of Positive Qtrs 7 Yr 15.53 # of Positive Qtrs 6.59 3.88 # of Positive Qtrs 2.15 6.96 Batting Average
-0.69 10.34 Batting Average 1/1/1900 14.62 Batting Average -0.1 2.95 Batting Average 1/4/1900 5.84 Worst Qtr
7 Yr 8.91 Worst Qtr 1.49 11.9 Worst Qtr 8 Yr 1.9 Worst Qtr -2.19 5 Yr Best Qtr
1/3/1900 5 Yr Best Qtr ################################## 5 Yr Best Qtr 1/5/1900 5 Yr Best Qtr 8 Yr 3.66 0.0366 Range
3.74 5.49 0.0549 Range 8 Yr 5.99 0.0599 Range 1/5/1900 5.12 0.0512 Range 1/3/1900 68 Worst 4 Qtrs
-0.26 80 Worst 4 Qtrs 1/2/1900 79 Worst 4 Qtrs 0.03 39 Worst 4 Qtrs 1/4/1900 6.23 0.0623 Standard Deviation
8 Yr 6.64 0.0664 Standard Deviation 1/3/1900 7.29 0.0729 Standard Deviation 9 Yr 5.19 0.0519 Standard Deviation ################################ 5 Beta
1/3/1900 48 Beta -1.57 51 Beta 1/5/1900 37 Beta 9 Yr 6.12 Annualized Alpha
1/4/1900 9.21 Annualized Alpha 9 Yr 10.59 Annualized Alpha 1/5/1900 9.47 Annualized Alpha 1/6/1900 5.02 R-Squared
-0.75 7.63 R-Squared 1/5/1900 8.94 R-Squared 0.06 5.63 R-Squared 5.9 4.21 Sharpe Ratio
9 Yr 6.56 Sharpe Ratio 1/6/1900 7.31 Sharpe Ratio 10 Yr 4.77 Sharpe Ratio 1/0/1900 3.44 Treynor Ratio
1/5/1900 5.7 Treynor Ratio -1.23 6.22 Treynor Ratio 12/31/1997 4.02 Treynor Ratio 10 Yr 2.48 Tracking Error
1/6/1900 3.96 Tracking Error 10 Yr 3.21 Tracking Error Incept 2.6 Tracking Error 12/31/1997 6 Yr Information Ratio
-0.49 6 Yr Information Ratio 12/31/1997 6 Yr Information Ratio 1/5/1900 6 Yr Information Ratio Incept 5 YR FUND 2.26 0.0226 Fund
10 Yr 5 YR FUND 3.96 Fund Incept 5 YR FUND 2.68 Fund 5.91 5 YR FUND 5.72 0.0572 Fund 1/6/1900 UNIVERSE 51   7
12/31/1997 UNIVERSE 63 7 5.02 UNIVERSE 71 6 0.06 UNIVERSE 24 7 5.9 POLICY 4.87 0.0487 13
Incept POLICY 4.65 13 6.25 POLICY 3.51 14 Fiscal Year Returns Ending September POLICY 5.72 0.0572 13 1/0/1900 3   Batting Average 35
5.92 45 Batting Average 35 ################################## 51 Batting Average 30 Fund 24 Batting Average 40 Fiscal Year Returns Ending September 4.64 -5.61
6.41 7.28 -7.44 Fiscal Year Returns Ending September 7.86 -17.97 LBAB 8.77 -2.27 Fund 3.36 6.85
-0.49 5.69 8.62 Fund 5.38 14.93 Diff 5.64 5.39 Policy 2.29 12.46
Fiscal Year Returns Ending September 4.38 16.06 Policy 3.54 32.9 12/31/2006 4.88 7.66 Diff 1.59 -7.44
Fund 3.38 -9.47 Diff 2.36 -25.12 Qtr 4.25 -0.36 12/31/2006 -0.16 Standard Deviation 6.5
Policy 0.93 Standard Deviation 7.53 12/31/2006 -1.51 Standard Deviation 14.91   1/0/1900 3.14 Standard Deviation 3.69 Qtr 7 Yr Beta 0.85
Diff 7 Yr Beta 0.85 Qtr 7 Yr Beta 0.99   1.24 7 Yr Beta 0.93   2.04 2.15 Annualized Alpha -1.57 -0.0157
12/31/2006 3.48 Annualized Alpha -0.18 -0.0018 6.25 1.27 Annualized Alpha -1.12 -0.0112 -0.25 6.49 Annualized Alpha 0.26 0.0026 4.12 38 R-Squared 0.9  
Qtr 49 R-Squared 0.97 7.09 59 R-Squared 0.99 2007 18 R-Squared 0.99 ################################ 4.34 0.2
4.06 3.74 0.42 ################################## 1.49 0.24 YTD 6.59 0.75 2007 6 1.54
4.72 42 3.69 6/29/1905 55 3.68 1/0/1900 16 2.98 YTD 4.35 2.32
-0.66 6.93 1.8 YTD 7.47 1.83 1.24 7.72 0.45 2.04 2.57 -1.11
2007.00 5.27 -0.64 6.25 4.48 -0.71 -0.25 6.19 -0.16 1/4/1900 1.75 Policy Policy
YTD 3.42 Policy Policy 7.09 1.66 Policy Policy 2006 5.59 Policy LBAB -2.08 1.02 7
4.06 2.39 6 -0.84 0.29 6 3.48 4.9 7 2006 -0.74 13
4.72 0.29 14 2006 -3.65 14 1/3/1900 3.61 13 3.73 8 Yr 65
-0.66 8 Yr 65 9.02 8 Yr 70 -0.19 8 Yr 60 7.52 3.73 -6.08
2006 3.92 -9.11 11.36 2.18 -17.68 2005 5.5 -2.44 -3.79 26 9.59
6.57 66 10.54 -2.34 81 16.08 2.95 18 5.88 2005 4.74 15.67
8.28 4.67 19.65 2005 3.75 33.76 2.8 5.47 8.32 8.2 7 -6.91
-1.71 44 -11.04 12.84 53 -24.41 0.15 18 -0.81 7.39 5.12 Standard Deviation 7.26
2005 6.49 Standard Deviation 8.73 13.21 7.13 Standard Deviation 15.02 2004 7.02 Standard Deviation 3.93 0.81 3.73 1
8.42 5.34 1 -0.37 5.23 1 3.36 5.12 1 2004 3.07 0
9.06 4.44 0 2004 3.9 0 3.68 4.56 0 3.06 2.49 1
-0.64 3.58 1 12.55 2.62 1 -0.32 4.08 1 8.81 1.44 0.53
2004 2.25 0.49 15.46 0.39 0.33 2003 3.33 0.72 -5.75 9 Yr 3.88
7.44 9 Yr 4.29 -2.91 9 Yr 4.94 5.52 9 Yr 2.84 2003 6.36 0
10.73 5.92 0 6/25/1905 5.02 0 1/5/1900 5.97 0 12.61 2 Diff
-3.29 35 Diff 24.55 76 Diff 0.08 9 Diff 16.1 5.9 0
6/25/1905 6.41 1 24.8 6.25 0 2002 5.91 0 ################################ 5 0
14.37 18   -1 -0.25 36   0 9.39 10   0 2002 5.7   -30
17.04 6.97 -30 2002 8.1 -40 9.11 6.41 -20 -5.61 4.72 0.47
-2.67 6.17   1.67 -19.84 6.63   -0.29 0.28 5.2   0.17 -6.21 4.1   -2.74
2002 5.57 -1.92 -19.57 5.82 -1.15 2001 4.71 -0.49 0.6 3.58 -3.21
-7.32 4.95 -3.59 -0.27 5.03 -0.86 1/13/1900 4.24 -0.66 2001 2.01 -0.53
-8.77 3.87 1.57 2001 2.87 -0.71 13.41 3.52 0.45 -13.1 Fiscal Year Returns Ending September -0.76
1.45 Fiscal Year Returns Ending September -1.2 ################################## Fiscal Year Returns Ending September -0.11 0.07 Fiscal Year Returns Ending September -0.24 ################################ Fund -0.15
2001 Fund -0.15 -26.85 Fund -0.01 2000 Fund -0.07 -4.91 Return -1.57
############################## Return   -0.18 0.85 Return   -1.12 1/6/1900 Return   0.26 6/22/1905 %-tile   -0.1
-12.48 %-tile -0.03 2000 %-tile -0.01 6.72 %-tile -0.01 17.54 Policy -0.33
2.49 Policy   -0.07 1/8/1900 Policy   -0.09 -0.15 LBAB   0.03 1/10/1900 Return   -2.34
2000 Return -0.6 11.3 Return -1.26 1999 Return 0.14 7.25 %-tile 2.32
1/9/1900 %-tile 1.8 -2.99 QU. FUND %-tile 1.83 ################################## %-tile 0.45 6/21/1905 Universe   8 Yr
9.76 Universe 8 Yr 1999 UNIVERSE Universe 8 Yr -1.48 Universe 8 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 2.04 0.0204 Worst 4 Qtrs
Returns in Up Markets 4.06 0.0406 Worst 4 Qtrs Policy 6.25 0.0625 Worst 4 Qtrs 3 Yr 0.99 0.0099 Worst 4 Qtrs Ratio 90 Standard Deviation
Fund 86 Standard Deviation Ratio 77 Standard Deviation 8.4 64 Standard Deviation 3 Yr 4.12 0.0412 Beta
Policy 4.72 0.0472 Beta 3 Yr 7.09 0.0709 Beta 9.1 1.24 0.0124 Beta 1/7/1900 16   Annualized Alpha
Ratio 48 Annualized Alpha 16.3 40 Annualized Alpha 92 40 Annualized Alpha 10.7 4.64 R-Squared
3 Yr 6.14 R-Squared 18.3 8.47 R-Squared 5 Yr 4.18 R-Squared 71.1 3.96 Sharpe Ratio
10.4 5.23 Sharpe Ratio 89.1 7.45 Sharpe Ratio 1/9/1900 1.56 Sharpe Ratio 5 Yr 3.6 Treynor Ratio
12.6 4.69 Treynor Ratio 5 Yr 6.91 Treynor Ratio 9.8 1.11 Treynor Ratio 10.8 2.97 Tracking Error
82.7 4.36 Tracking Error 1/23/1900 6.29 Tracking Error 95.5 0.88 Tracking Error 1/14/1900 1.84 Information Ratio
5 Yr 3.54   Information Ratio 24.5 5.13   Information Ratio 8 Yr 0.58   Information Ratio 72.6 YTD   Fund
1/13/1900 YTD Fund 94.3 YTD Fund 1/9/1900 YTD Fund 8 Yr 2.04 12
16 4.06   12 8 Yr 6.25 12 10.1 0.99   10 13.9 90   20
83.4 86 20 1/24/1900 77 20 96.8 64 22 1/14/1900 4.12 43.75
8 Yr 4.72 46.88 26.7 7.09 34.38 12/31/1997 1.24 46.88 99 16   -7.29
1/14/1900 48 -7.44 91 40 -17.97 Incept 40 -2.27 12/31/1997 4.64 10.46
16.8 6.14 8.62 12/31/1997 8.47   14.93 9.8 4.18 5.39 Incept 3.96   17.75
85.3 5.23 16.06 Incept 7.45 32.9 10 1.56 7.66 1/16/1900 2004 FUND 3.6 0.036 -13.1
12/31/1997 2004 FUND 4.69 0.0469 -9.99 28.5 2004 FUND 6.91 0.0691 -26 97.9 2004 FUND 1.11 0.0111 -1.19 14.3 UNIVERSE 2.97 7.96
Incept UNIVERSE 4.36 7.79 1/30/1900 UNIVERSE 6.29 15.34 Returns in Down Markets UNIVERSE 0.88 3.74 115 POLICY 1.84 0.0184 1.01
17.3 POLICY 3.54 0.0354 0.85 4/1/1900 POLICY 5.13 0.0513 0.94 Fund POLICY 0.58 0.0058 0.93 Returns in Down Markets 2006   -0.98
1/19/1900 2006 -0.09 -0.0009 Returns in Down Markets 2006 -1.31   LBAB 2006 0.4 0.004 Fund 3.73 0.84 0.0084
3/30/1900 6.57   0.96 Fund 9.02 0.96 Ratio 3.48 0.98 Policy 64   0.05
Returns in Down Markets 75 0.08 Policy 66 -0.07 3 Yr 63 0.59 Ratio 7.52 0.42
Fund 8.28 0.72 Ratio   11.36   -1.2 -2.8 3.67   2.35 3 Yr 11   3.2
Policy 32 2 3 Yr   24 3.22 -3.4 54 0.54 ################################ 7.84 -0.32
Ratio 10.14 -0.38 -6.7   13.58   -0.49 82.5 7.62   0.06 -2.4 6.05   Policy
3 Yr 8.62 Policy -5.5 11.24 Policy 5 Yr 4.69 LBAB 185.6 2003 FUND 4.57 0.0457 12
-2.9 2003 FUND 7.58 0.0758 12 121.3 2003 FUND 10.06 0.1006 12 -2.3 2003 FUND 3.76 0.0376 11 5 Yr UNIVERSE 2.6 20
-2.7 UNIVERSE 6.5 20 5 Yr UNIVERSE 7.91 20 -2.9 UNIVERSE 3.21 21 -8.4 POLICY -0.16 -0.0016 56.25
109 POLICY 4.59 0.0459 53.12 -25.2 POLICY 4.34 0.0434 65.62 81.5 POLICY 2.3 0.023 53.12 -8.1 2005   -6.08
5 Yr 2005 -9.11 -24.2 2005 -17.68 8 Yr 2005 -2.44 103.3 8.2 9.59
-10.8 8.42   10.54 104.4 12.84 16.08 -2.2 2.95 5.88 8 Yr 40   15.67
-12.4 85 19.65 8 Yr 74 33.76 -2.8 36 8.32 -11.2 7.39 -8.19
87.2 9.06 -12.48 -26.3 13.21   -26.85 78.2 2.8   -2.05 -9.1 57   7.21
8 Yr 70 8.98 -25.6 66 15.99 12/31/1997 40 3.99 123.8 10.62 1
-11.4 13.12 1 102.5 18.85   1 Incept 7.26   1 12/31/1997 9   0
-12.8 11.38 0 12/31/1997 15.89 0 -2.2 3.57 0 Incept 2002 FUND 7.71 0.0771 1
89 2002 FUND 9.98 0.0998 1 Incept 2002 FUND 14.14 0.1414 1 -2.8 2002 FUND 2.54 0.0254 1 -11.2 UNIVERSE 6 0.2
12/31/1997 UNIVERSE 8.78 0.15 -26.5 UNIVERSE 12.7 0.03 78.2 UNIVERSE 1.72 0.54 -9.1 POLICY 3.9 0.039 1.43
Incept POLICY 7.39 0.0739 1.36 -26.3 POLICY 10.88 0.1088 0.44 POLICY 0.86 0.0086 2.16 123.8 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 100   0
89.5 95 0 83 0 45 -1 8.81 0
10.73 0 15.46   0 3.68   1 7   -12.5
60 -6.24 52 -31.24 38 -6.24 9.05 -1.21
15.78 1.67 20.72   -0.29 12.2   0.17 7.24   0.87
13.05 -1.92 17.82 -1.15 4.61 -0.49 2001 FUND 6.12 0.0612 2.08
2001 FUND 11.14 0.1114 -3.59 2001 FUND 15.51 0.1551 -0.86 2001 FUND 3.13 0.0313 -0.66 UNIVERSE 5.27 -4.91
UNIVERSE 9.88 2.49 UNIVERSE 13.86 0.85 UNIVERSE 1.77 0.86 POLICY 4.06 0.0406 0.75
POLICY 7.33 0.0733 -1.19 POLICY 9.31 0.0931 -0.65 POLICY 0.72 0.0072 -0.25 2003   0.01
2003 -0.15 2003 -0.06 2003 -0.07 12.61 -0.98
14.37   -0.09 24.55 -1.31 5.52 0.4 45   -0.16
83 -0.04 31 -0.04 41 -0.02 16.1 -0.15
17.04 -0.07 24.8   -0.1 5.44   0.05 13   -1.01
34 -0.64 28 -1.64 42 0.19 18.45 3.2
25.09 2 27.87   3.22 26.81   0.54 14.15   Incept
17.89 Incept 25.02 Incept 7.58 Incept 2000 FUND 12.29 0.1229 # of Negative Qtrs
2000 FUND 16.13 0.1613 # of Negative Qtrs 2000 FUND 23.54 0.2354 # of Negative Qtrs 2000 FUND 4.69 0.0469 # of Negative Qtrs UNIVERSE 11.09 # of Positive Qtrs
UNIVERSE 14.85 # of Positive Qtrs UNIVERSE 21.82 # of Positive Qtrs UNIVERSE 2.87 # of Positive Qtrs POLICY 7.74 0.0774 Batting Average
POLICY 12.9 0.129 Batting Average POLICY 19.39 0.1939 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 40 Range
35 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 51 Standard Deviation
61 Standard Deviation 74 Standard Deviation 10 Standard Deviation -2.62 Beta
-3.97 Beta -12.53 Beta 10.2 Beta -4.75 Annualized Alpha
-6.62 Annualized Alpha -16.12 Annualized Alpha 7.74 Annualized Alpha -6.19 R-Squared
-8.2 R-Squared -18.22 R-Squared 6.13 R-Squared -8.32 Sharpe Ratio
-9.63 Sharpe Ratio -19.66 Sharpe Ratio 4.06 Sharpe Ratio -12.36 Treynor Ratio
-13.05 Treynor Ratio -21.33 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 52 Fund
34 Fund 45 Fund 9 Fund -8.19 13
-12.48 13 -26.85 13 13.41 10 19 23
57 23 51 23 10 26 -3.36 47.22
1.82 50 -4.62 38.89 13.98 47.22 -9.28 -7.29
-6.51 -7.44 -17.74 -17.97 12.52 -2.27 -12.9 14.62
-11.9 12.53 -26.72 19.75 11.24 5.39 -16.84 21.91
-15.03 19.97 -29.92 37.72 9.07 7.66 -23.95 -13.1
-22.56 -9.99 -41.63   -26 -11.92 -1.19 2000 9.38
2000 8.93 2000 16.62 2000 3.81 17.54 1.16
9.62 0.9 8.31   0.94 6.57 0.95 37 -0.32
50 0.14 79 -0.84 24 0.34 10.29 0.77
9.76 0.96 11.3 0.97 6.72 0.98 80 0.3
49 0.27 60 0.09 20 0.65 44.65 2.47
22.11 2.69 33.32   1.62 7.97 2.6 20.45 4.63
13.39 1.95 18.33 3.17 6.53 0.55 15.72 0.1
9.62 -0.25 12.59   -0.39 5.96 0.11 10.87 Policy
7.35 Policy 9.29 Policy 5.16 LBAB 4.98 12
1.98 13 1.16 13 -0.46 11 1999 24
1999 23 1999 23 1999 25 19.87 52.78
13.24 50 20.9 61.11 -1.1 52.78 4 -6.08
71 -9.11 75 -17.68 68 -2.44 6.77 9.59
15.47 12.55 27.81 21.3 -1.48 5.88 82 15.67
56 21.66 32 38.98 72 8.32 18.54 -8.19
23.92 -12.48 39.82 -26.85 7.11 -2.05 11.75 7.13
17.94 9.75 29.73 17.4 2.41 3.97 8.9 1
15.81 1 27.24 1 0.41 1 7.2 0
12.04 0 19.94 0 -1.8 0 4.73 1
5.96 1 10.33 1 -4.55 1 0.34
0.3 0.16 0.61 2.4
2.91 2.75 2.41 0
0 0 0 Diff
Diff Diff Diff 1
0 0 -1 -1
0 0 1 -5.56
0 -22.22 -5.56 -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 2.25
-0.82 -0.78 -0.16 0.16
-0.1 -0.06 -0.05 -0.32
0.14 -0.84 0.34 -0.23
-0.04 -0.03 -0.02 -0.04
-0.03 -0.07 0.04 0.07
-0.22 -1.13 0.19 4.63
1.95 3.17 0.55 5.08