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% Broad Large Cap Core Equity, 45% Broad FI 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 gross of fees. Incept is December 31, 1997 to September 30, 2005 Batting Average
Returns are gross of fees. Incept is December 31, 1997 to September 30, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2005 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2005 Batting Average Account Reconciliation Trailing Returns through September 30, 2005 Worst Qtr
Account Reconciliation Trailing Returns through September 30, 2005 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2005 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2005 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 9/30/2005 Return Beta
9/30/2005 Return Beta 9/30/2005 Return Beta 9/30/2005 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 19,041 Universe R-Squared
43,188 Universe R-Squared 28,434 Universe R-Squared 12,854 Universe R-Squared -20 5th %-tile Sharpe Ratio
-44 5th %-tile Sharpe Ratio -104 5th %-tile Sharpe Ratio 201 5th %-tile Sharpe Ratio 388 25th %-tile Treynor Ratio
504 25th %-tile Treynor Ratio 545 25th %-tile Treynor Ratio -55 25th %-tile Treynor Ratio 19,409 50th %-tile Tracking Error
43,648 50th %-tile Tracking Error 28,875 50th %-tile Tracking Error 12,999 50th %-tile Tracking Error 2,005 75th %-tile Information Ratio
2005 75th %-tile Information Ratio 2005 75th %-tile Information Ratio 2005 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund 19,276 2 Qtrs 4
43,096 2 Qtrs 4 28,245   2 Qtrs   3 13,210   2 Qtrs   4 -243 3.94 8
-265 2.91   8 113   3.22   9 -474   2.44 8 377 75   41.67
817 95 33.33 517   97   33.33 263   26   41.67 19,409 3.68 -1.87
43,648 4.34   -1.17 28,875 5.6   -3.62 12,999 2.31 -2.27 35,795 80   6.85
12/31/1997 53 8.62 12/31/1997 63 14.93 12/31/1997 31 2.97 Incept 8.66 8.72
Incept 7.23 9.79 Incept 10.31 18.55 Incept 4.07 5.24 15,998 5.98 2.65
15,998 5.33 5 10,999 7.28 7.33 4,811 2.45 0.09 -6,390 4.8 5.71
13,172 4.42 6.43 10,699 6.08 11.67 1,162 1.97 3.16 9,800 3.94 0.83
14,478 3.8 0.86 7,176     5.11 0.97 7,027     1.54 0.95 19,409  19,409,000 2.34 -0.53
43,648  43,648,000 2.9 -0.04 28,875   28,875,000 3.54 -0.53 12,999   12,999,000 1.11 0.16 Investment Policy     3 Qtrs 0.87
Investment Policy 3 Qtrs 0.96 Investment Policy 3 Qtrs 0.98 Investment Policy 3 Qtrs 0.99 Index 1.99 1.17
Index 1.91 1.37 Index 1.84 1.28 Index 2.09 0.74 S&P 500 61 8.02
S&P 500 84 10.26 S&P 500 87 15.39 Lehman Aggregate Bond 19 2.47 Lehman Gov/Credit-Intermediate 2.06 2.33
Lehman Aggregate Bond 2.62 1.66 Russell 2000 Value 3.01 1.74 Total 1.83 0.34 Total 59 -1.05
Russell 2000 Value 62 -1.1 Total 71 -0.69 Weight 30 -0.09 Weight 6.5 Policy
Total 6.27 Policy Weight 8.82 Policy 100 3.17 LBAB 55 4.14 3
Weight 4.06 3 83.3 5.63 3 100 1.9 4 45 2.41 9
50 2.91 9 16.7 3.85 9 Trailing Returns through September 30, 2005 1.51 8 100 1.36 58.33
40 2.26 66.67 100 2.71 66.67 Fund 1.08 58.33 Trailing Returns through September 30, 2005 -0.21 -1.56
10 0.96 -1.85 Trailing Returns through September 30, 2005 0.33 -3.99 LBAB 0.57 -2.44 Fund 1 Yr 9.59
100 1 Yr 10.54 Fund   1 Yr   16.08 Diff   1 Yr   3.2 Policy 1 Yr FUND 8.74 0.0874 11.15
Trailing Returns through September 30, 2005 1 Yr FUND 9 0.09 12.39 Policy 1 Yr FUND 12.84 0.1284 20.07 1 Yr 1 Yr FUND 2.95 0.0295 5.64 Diff UNIVERSE 45   3.56
Fund UNIVERSE 66 4.88 Diff UNIVERSE 73 7.25 2.95 UNIVERSE 36 0.33 1 Yr POLICY 7.39 0.0739 6.43
Policy POLICY 9.06 0.0906 7.35 1 Yr POLICY 13.21 0.1321 11.93 2.8 POLICY 2.8 0.028 3.31 8.74 68   1
Diff 64 1 12.84 69 1 0.15 40 1 7.39 15.35 0
1 Yr 15.57 0 13.21 21.82 0 2 Yr 7.26 0 1.35 10.82 1
9 11.29 1 -0.37 16.58 1 3.16 3.57 1 2 Yr 8.38 1.42
9.06 9.66 1.45 2 Yr 14.31 1.35 3.24 2.54 0.72 6.13 6.96 9.11
-0.06 8.63 10.64 12.69 12.62 16.13 -0.08 1.72 2.38 8.1 5.01 0
2 Yr 7.02 0 14.33 9.37 0 3 Yr 0.86 0 -1.97 2 Yr Diff
8.47 2 Yr Diff -1.64 2 Yr Diff 1/3/1900 2 Yr Diff 3 Yr 6.13 1
9.89 8.47   1 3 Yr 12.69     0 3.97 3.16   0 8.25 73   -1
-1.42 83 -1 16.52 78   0 -0.03 40 0 10.7 8.1 -16.66
3 Yr 9.89   -33.34 17.72 14.33     -33.34 4 Yr 3.24   -16.66 -2.45 35   -0.31
10.41 52 0.68 ################################## 53 0.37 1/5/1900 39 0.17 4 Yr 12.28 -2.74
12.23 14.1 -1.92 4 Yr 19.72 -1.15 5.23 9.5 -0.23 4.6 8.75 -2.43
-1.82 11.73 -2.6 6.12 16.29 -1.52 0.05 4.16 -0.4 1/6/1900 7.23 -0.91
4 Yr 9.96 0.12 7.02 14.48 0.08 5 Yr 2.8 -0.24 -1.6 5.97 -0.72
5.68 8.92 -0.92 -0.9 13.06 -0.26 6.87 1.79 -0.15 5 Yr 4.64 -0.17
6.56 7.13 -0.14 5 Yr 9.69 -0.03 1/6/1900 0.93 -0.05 0.8 3 Yr -0.53
-0.88 3 Yr -0.04 -1.26 3 Yr -0.53 0.05 3 Yr 0.16 3.16 3 YR FUND 8.25 0.0825 -0.13
5 Yr 3 YR FUND 10.41 0.1041 -0.04 -0.82 3 YR FUND 16.52 0.1652 -0.02 6 Yr 3 YR FUND 3.94 0.0394 -0.01 -2.36 UNIVERSE 82   -0.25
2.34 UNIVERSE 85 -0.08 -0.44 UNIVERSE 70 -0.07 1/6/1900 UNIVERSE 41 0.02 6 Yr POLICY 10.7 0.107 -1.09
2.45 POLICY 12.23 0.1223 -0.38 6 Yr POLICY 17.72 0.1772 -0.74 1/6/1900 POLICY 3.97 0.0397 0.09 3.41 30   2.33
-0.11 48 1.66 1/0/1900 48 1.74 0.02 40 0.34 1/4/1900 13.22 5 Yr 5 Yr
6 Yr 17.08 5 Yr 5 Yr 1.1 22.33 5 Yr 5 Yr 7 Yr 15.03 5 Yr 5 Yr ################################ 11.17 # of Negative Qtrs
1/3/1900 13.65 # of Negative Qtrs -0.83 19.23 # of Negative Qtrs 1/5/1900 5.37 # of Negative Qtrs 7 Yr 9.68 # of Positive Qtrs
3.63 12.11 # of Positive Qtrs 7 Yr 17.53 # of Positive Qtrs 5.58 3.39 # of Positive Qtrs 5.62 8.5 Batting Average
-0.11 11.02 Batting Average 1/2/1900 15.88 Batting Average 0.07 2.3 Batting Average 1/4/1900 7.24 Worst Qtr
7 Yr 9.67 Worst Qtr 4.55 13.39 Worst Qtr 8 Yr 9 Yr 10 Yr 1.4 Worst Qtr 0.96 4 Yr Best Qtr
1/4/1900 4 Yr Best Qtr ################################## 4 Yr Best Qtr 12/31/1997 4 Yr Best Qtr 8 Yr 9 Yr 10 Yr 4.6 Range
5.25 5.68 Range 8 Yr 9 Yr 10 Yr 6.12 Range Incept 5.28 Range 12/31/1997 62 Worst 4 Qtrs
-0.39 67 Worst 4 Qtrs 12/31/1997 77 Worst 4 Qtrs 6.36 30 Worst 4 Qtrs Incept 6.2 Standard Deviation
8 Yr 9 Yr 10 Yr 6.56 Standard Deviation Incept 7.02 Standard Deviation 6.23 5.23 Standard Deviation 1/6/1900 30 Beta
12/31/1997 49 Beta 3.86 62 Beta 0.13 30 Beta 5.33 8.98 Annualized Alpha
Incept 10.18 Annualized Alpha 4.88 12.85 Annualized Alpha Calendar Year Returns 10.85 Annualized Alpha 1/1/1900 6.54 R-Squared
5.63 7.81 R-Squared -1.02 9.25 R-Squared Fund 5.62 R-Squared Calendar Year Returns 4.99 Sharpe Ratio
5.75 6.46 Sharpe Ratio Calendar Year Returns 7.56 Sharpe Ratio LBAB 4.29 Sharpe Ratio Fund 4.07 Treynor Ratio
-0.12 5.4 Treynor Ratio Fund 6.31 Treynor Ratio Diff 3.23 Treynor Ratio Policy 2.66 Tracking Error
Calendar Year Returns 4.2 Tracking Error Policy 4.22 Tracking Error 9/30/2005 2.02 Tracking Error Diff 5 Yr Information Ratio
Fund 5 Yr Information Ratio Diff 5 Yr Information Ratio Qtr 5 Yr Information Ratio 9/30/2005 5 YR FUND 0.8 0.008 Fund
Policy 5 YR FUND 2.34 0.0234 Fund 9/30/2005 5 YR FUND -1.26 -0.0126 Fund -0.41 5 YR FUND 6.87 0.0687 Fund Qtr UNIVERSE 40   9
Diff UNIVERSE 37 9 Qtr UNIVERSE 65 8 -0.68 UNIVERSE 19 5 2.04 POLICY 3.16 0.0316 11
9/30/2005 POLICY 2.45 0.0245 11 1.9 POLICY -0.82 -0.0082 12 0.27 POLICY 6.82 0.0682 15 1/1/1900 11   Batting Average 40
Qtr 35 Batting Average 55 1/3/1900 55 Batting Average 35 2005 19 Batting Average 45 0.28 4.05 -7.29
1.17 5.36 -7.44 -1.62 5.46 -17.97 YTD 8.61 -2.27 2005 1.83 6.85
1.86 3.07 8.62 2005 1.49 14.93 1/2/1900 6.53 5.39 YTD 0.14 14.14
-0.69 1.95 16.06 YTD -0.59 32.9 1.83 5.6 7.66 1.99 -1 -13.1
2005 0.88 -9.99 1.84 -1.94 -26 0.26 4.6 0.09 2.06 -2.85 Standard Deviation 8.36
YTD -0.83 Standard Deviation 8.67 3.01 -4.81 Standard Deviation 17.94   6/26/1905 3.13 Standard Deviation 4.08 -0.07 6 Yr Beta 0.96
1.91 6 Yr Beta 0.85 ################################## 6 Yr Beta 0.99   4.09 6 Yr Beta 0.95   2004 3.41 Annualized Alpha -2.17 -0.0217
2.62 3.52 Annualized Alpha 0.2 0.002 2004 0.27 Annualized Alpha -0.45 -0.0045 4.34 6.82 Annualized Alpha 0.4 0.004 5.27 35 R-Squared 0.91  
-0.71 50 R-Squared 0.98 11.14 77 R-Squared 0.99 -0.25 16 R-Squared 0.99 1/7/1900 4.31 -0.19
2004 3.63 0 1/12/1900 1.1 -0.2 2003 6.8 1.11 -2.1 22 -1.61
8.25 47 -0.01 ################################## 60 -3.65 1/4/1900 17 4.76 2003 6.6 2.55
9.14 7.12 1.92 2003 6.99 1.64 4.11 8.12 0.42 13.64 4.02 -0.93
-0.89 4.74 -0.06 29.32 3.29 -0.27 0.02 6.39 0.12 1/17/1900 2.66 Policy Policy
2003 3.47 Policy Policy 30.42 1.66 Policy Policy 2002 5.66 Policy LBAB -4.01 1.65 9
16.85 2.54 8 -1.1 0.31 8 10.98 4.63 6 2002 -0.16 11
19.45 1.24 12 2002 -1.94 12 1/10/1900 3.36 14 -6.4 7 Yr 60
-2.6 7 Yr 45 -21.11 7 Yr 65 0.03 7 Yr 55 -6.27 5.62 -6.08
2002 4.86 -9.11 -21 2.99 -17.68 2001 5.65 -2.44 -0.13 22 9.59
-7.7 66 10.54 -0.11 87 16.08 8.79 19 5.88 2001 4.66 15.67
-9.09 5.25 19.65 2001 4.55 33.76 8.43 5.58 8.32 -4.46 36 -8.19
1.39 54 -12.48 -12.36 64 -26.85 0.36 21 0.33 -1.65 7.79 Standard Deviation 8.26
2001 8.77 Standard Deviation 10.15 -13.47 10.36 Standard Deviation 18.05 2000 6.72 Standard Deviation 4.3 -2.81 5.33 1
-3.37 6.38 1 1.11 6.87 1 11.24 5.41 1 2000 3.69 0
-4.78 5.35 0 2000 5.17 0 11.95 4.78 0 1.47 2.85 1
1.41 4.53 1 -6.79 3.93 1 -0.71 4.2 1 1.22 1.31 0.1
2000 3.28 0.01 -9.85 2.08 -0.18 1999 3.35 1.04 0.25 8 Yr 0.81
0.7 8 Yr 0.1 3.06 8 Yr -3.17 -1.19 8 Yr 4.47 1999 6.99 0
-1.52 7.25 0 6/21/1905 8.71 0 ################################## 6.93 0 15.52 5.01 Diff
2.22 5.79 Diff 8.77 5.78 Diff 0.86 5.91 Diff 7.59 4.05 0
6/21/1905 5.11 1 21.04 4.93 0 1998 5.31 -1 1/7/1900 3.24 0
6.98 4.45   -1 -12.27 3.74   0 9.83 4.5   1 1998 1.56   -20
11.44 2.91 10 1998 1.99 -30 9.53 3.52 -10 29.92 Calendar Year Returns -1.21
-4.46 Calendar Year Returns   1.67 30.71 Calendar Year Returns   -0.29 0.3 Calendar Year Returns   0.17 15.57 Fund   -2.74
1998 Fund -1.92 28.58 Fund -1.15 1997 1996 Fund -0.49 14.35 Return -1.53
23.44 Return -3.59 2.13 Return -0.86 Returns in Up Markets Return -0.66 1997 1996 %-tile -4.91
21.37 %-tile 2.49 1997 1996 %-tile 0.85 Fund %-tile -0.24 Returns in Up Markets Policy 0.1
2.07 Policy -1.48 Returns in Up Markets Policy -0.11 LBAB LBAB -0.22 Fund Return -0.04
1997 1996 Return -0.15 Fund Return -0.01 Ratio Return -0.05 Policy %-tile -2.17
Returns in Up Markets %-tile   0.2 Policy %-tile   -0.45 3 Yr %-tile   0.4 Ratio Universe   -0.09
Fund Universe -0.02 Ratio Universe -0.01 7.8 Universe -0.01 3 Yr 5th %-tile -0.29
Policy 5th %-tile   -0.01 3 Yr 5th %-tile   -0.02 8 5th %-tile   0.07 1/12/1900 25th %-tile   -2.42
Ratio 25th %-tile -0.11 27.1 25th %-tile -0.48 96.5 25th %-tile 0.29 15.8 50th %-tile 2.55
3 Yr 50th %-tile 1.92 28.8 QU. FUND 50th %-tile 1.64 5 Yr 50th %-tile 0.42 3/17/1900 75th %-tile   7 Yr
15.2 75th %-tile 7 Yr 94 UNIVERSE 75th %-tile 7 Yr 11.1 75th %-tile 7 Yr 5 Yr 95th %-tile # of Negative Qtrs
18.5 95th %-tile # of Negative Qtrs 5 Yr POLICY 95th %-tile # of Negative Qtrs 11.3 95th %-tile # of Negative Qtrs 1/13/1900 Qtr   # of Positive Qtrs
82.4 Qtr # of Positive Qtrs 26.5 Qtr # of Positive Qtrs 98.2 Qtr # of Positive Qtrs 16.2 QU. FUND 2.04 0.0204 Batting Average
5 Yr QU. FUND 1.17 0.0117 Batting Average 1/26/1900 1.9 0.019 Batting Average 7 Yr QU. FUND -0.41 -0.0041 Batting Average 82.6 UNIVERSE 53 Worst Qtr
14.4 UNIVERSE 95 Worst Qtr 98.2 97 Worst Qtr 9.7 UNIVERSE 61 Worst Qtr 7 Yr POLICY 1.76 0.0176 Best Qtr
1/17/1900 POLICY 1.86 0.0186 Best Qtr 7 Yr 3.52 0.0352 Best Qtr 10 POLICY -0.68 -0.0068 Best Qtr 1/18/1900 69 Range
84.4 79 Range 29.4 70 Range 97.6 79 Range 15.1 4.45 Worst 4 Qtrs
7 Yr 4.55   Worst 4 Qtrs 2/1/1900 7.39   Worst 4 Qtrs 12/31/1997 1.62   Worst 4 Qtrs 121.3 3.07   Standard Deviation
17.2 3.09 Standard Deviation 91.6 4.9 Standard Deviation Incept 0.32 Standard Deviation 12/31/1997 2.1 Beta
1/19/1900 2.39   Beta 12/31/1997 3.97   Beta 10.2 -0.19   Beta Incept 1.65   Annualized Alpha
88.1 1.92 Annualized Alpha Incept 3.38 Annualized Alpha 10.3 -0.62 Annualized Alpha 18.3 0.85 R-Squared
12/31/1997 1.12 R-Squared 30.6 2.23 R-Squared 98.9 -1.03 R-Squared 14.6 YTD Sharpe Ratio
Incept YTD Sharpe Ratio 32.8 YTD Sharpe Ratio Returns in Down Markets YTD Sharpe Ratio 125.2 1.99 Treynor Ratio
18.5 1.91 Treynor Ratio 93.4 1.84 Treynor Ratio Fund 2.09 Treynor Ratio Returns in Down Markets 61 Tracking Error
20.2 84 Tracking Error Returns in Down Markets 87 Tracking Error LBAB 19 Tracking Error Fund 2.06 Information Ratio
91.4 2.62   Information Ratio Fund 3.01   Information Ratio Ratio 1.83   Information Ratio Policy 59   Fund
Returns in Down Markets 62 Fund Policy 71 Fund 3 Yr 30 Fund Ratio 6.5 11
Fund 6.27   11 Ratio 8.82 11 -3.3 3.17   8 3 Yr 4.14   17
Policy 4.06 17 3 Yr 5.63 17 -3.7 1.9 20 ################################ 2.41 53.57
Ratio 2.91 53.57 -7.8 3.85 35.71 89.2 1.51 50 -2.5 1.36   -7.29
3 Yr 2.26 -7.44 -7.8 2.71 -17.97 5 Yr 1.08 -2.27 3/27/1900 -0.21 14.62
-2.1 0.96 12.53 100.6 0.33   19.75 -2.4 0.57 5.39 5 Yr 2004   21.91
-3.5 2004 19.97 5 Yr 2004 37.72 -2.9 2004 7.66 ################################ 2004 FUND 5.27 0.0527 -13.1
61.6 2004 FUND 8.25 0.0825 -9.99 -31.9 2004 FUND 11.14 0.1114 -26 80.8 2004 FUND 4.09 0.0409 -1.19 -10.8 UNIVERSE 61 9.79
5 Yr UNIVERSE 63 9.2 ################################## UNIVERSE 67 17.61 7 Yr UNIVERSE 41 3.84 117.4 POLICY 7.37 0.0737 1.14
-13.5 POLICY 9.14 0.0914 0.88 4/10/1900 POLICY 12.3 0.123 0.94 -2.4 POLICY 4.34 0.0434 0.94 7 Yr 28   0.42
############################## 44 0.2 0.002 7 Yr 47 -1.27   -3.1 36 0.41 0.0041 ################################ 11.52 0.81 0.0081
3/23/1900 13.01   0.97 -27.6 16.98 0.97 79 10.91 0.98 ################################ 7.53   0.25
7 Yr 10.38 0.19 ################################## 14.28 -0.01 12/31/1997 5.09 0.66 117.8 5.77 2.18
-11.7 8.85 1.97 101.7   12.13   -0.15 Incept 3.7   2.68 12/31/1997 4.42   4.44
############################## 7.48 2.02 12/31/1997   10.14 3.36 -2.4 2.1 0.55 Incept 2.52 0.22
86.5 5.64 -0.19 Incept   6.65   -0.46 -3.1 0.87   0.13 -11.4 2003   Policy
12/31/1997 2003 Policy -27.7 2003 Policy 79 2003 LBAB -9.6 2003 FUND 13.64 0.1364 11
Incept 2003 FUND 16.85 0.1685 11 -27.8 2003 FUND 29.32 0.2932 11 2003 FUND 4.13 0.0413 9 117.8 UNIVERSE 98 17
-11.9 UNIVERSE 90 17 99.8 UNIVERSE 64 17 UNIVERSE 43 19 POLICY 17.65 0.1765 46.43
-13.6 POLICY 19.45 0.1945 46.43 POLICY 30.42 0.3042 64.29 POLICY 4.11 0.0411 50 50   -6.08
87.2 61 -9.11 49 -17.68 43 -2.44 24.62 9.59
29.87   12.55 37.68 21.3 26.58 5.88 19.38   15.67
22.49 21.66 32.67 38.98 6.42 8.32 17.65 -8.19
20.04 -12.48 30.3   -26.85 3.67   -2.05 15.86   7.72
18.39 10.29 28.12 18.39 2.09 4.07 14.04 1
16.11 1 24.4   1 1.11   1 2002   0
2002 0 2002 0 2002 0 2002 FUND -6.4 -0.064 1
2002 FUND -7.7 -0.077 1 2002 FUND -21.11 -0.2111 1 2002 FUND 10.98 0.1098 1 UNIVERSE 21 0.2
UNIVERSE 22 0.21 UNIVERSE 61 0.08 UNIVERSE 9 0.6 POLICY -6.27 -0.0627 1.53
POLICY -9.09 -0.0909 2.12 POLICY -21 -0.21 1.42 POLICY 10.95 0.1095 2.45 19   0
44 0 58 0 9 0 -3.77 Diff
-5.36   Diff -13.82 Diff 11.72 Diff -7.05   0
-7.97 0 -18.3 0 9.31 -1 -9.23 0
-9.48 0 -20.43   0 7.69   1 -11.65   7.14
-11.17 7.14 -22.08 -28.58 4.45 0 -14.62 -1.21
-14.1 1.67 -25.15   -0.29 -2.07   0.17 2001   5.03
2001 -0.02 2001 -1.55 2001 -0.49 2001 FUND -4.46 -0.0446 6.24
2001 FUND -3.37 -0.0337 -1.69 2001 FUND -12.36 -0.1236 -1.26 2001 FUND 8.79 0.0879 -0.66 UNIVERSE 32 -4.91
UNIVERSE 30 2.49 UNIVERSE 49 0.85 UNIVERSE 13 0.86 POLICY -1.65 -0.0165 2.07
POLICY -4.78 -0.0478 -1.09 POLICY -13.47 -0.1347 -0.78 POLICY 8.43 0.0843 -0.23 10   0.14
47 -0.12 60 -0.06 19 -0.06 -0.52 0.42
2.02   0.2 -0.55 -1.27 9.68 0.41 -3.68   -0.19
-2.93 -0.03 -8.15 -0.03 8.13 -0.02 -6.15 0.05
-5.05 -0.02 -12.55   -0.09 7.33   0.06 -8.4   0.65
-6.78 -0.15 -14.71 -1.57 6.21 0.23 -12.26 4.44
-9.7 2.02 -20.28   3.36 0.36   0.55 2000   Incept
2000 Incept 2000 Incept 2000 Incept 2000 FUND 1.47 0.0147 # of Negative Qtrs
2000 FUND 0.7 0.007 # of Negative Qtrs 2000 FUND -6.79 -0.0679 # of Negative Qtrs 2000 FUND 11.24 0.1124 # of Negative Qtrs UNIVERSE 27 # of Positive Qtrs
UNIVERSE 29 # of Positive Qtrs UNIVERSE 40 # of Positive Qtrs UNIVERSE 22 # of Positive Qtrs POLICY 1.22 0.0122 Batting Average
POLICY -1.52 -0.0152 Batting Average POLICY -9.85 -0.0985 Batting Average POLICY 11.95 0.1195 Batting Average 28 Worst Qtr
50 Worst Qtr 62 Worst Qtr 13 Worst Qtr 7.32 Best Qtr
9.42 Best Qtr 9.71 Best Qtr 13.05 Best Qtr 2.14 Range
1.32 Range -2.79 Range 11.01 Range -2.13 Worst 4 Qtrs
-1.57 Worst 4 Qtrs -8.38 Worst 4 Qtrs 9.44 Worst 4 Qtrs -5.45 Standard Deviation
-3.72 Standard Deviation -11.55 Standard Deviation 7.02 Standard Deviation -12.27 Beta
-8.93 Beta -16.19 Beta -8.83 Beta 1999 Annualized Alpha
1999 Annualized Alpha 1999 Annualized Alpha 1999 Annualized Alpha 15.52 R-Squared
6.98 R-Squared 8.77 R-Squared -1.19 R-Squared 52 Sharpe Ratio
83 Sharpe Ratio 90 Sharpe Ratio 72 Sharpe Ratio 7.59 Treynor Ratio
11.44 Treynor Ratio 21.04 Treynor Ratio -2.05 Treynor Ratio 94 Tracking Error
58 Tracking Error 42 Tracking Error 82 Tracking Error 34.75 Information Ratio
27.14 Information Ratio 44.84 Information Ratio 7 Information Ratio 19.65 Fund
15.33 Fund 25.37 Fund 2.72 Fund 15.68 12
12.24 12 20.54 12 0.33 8 12.44 19
8.74 19 15.03 19 -1.4 23 7.18 54.84
1.87 58.06 3.81 41.94 -3.93 51.61 1998 -7.29
1998 -7.44 1998 -17.97 1998 -2.27 29.92 14.62
23.44 12.53 30.71 19.75 9.83 5.39 1 21.91
8 19.97 16 37.72 6 7.66 15.57 -13.1
21.37 -9.99 28.58   -26 9.53 -1.19 37 10
17 9.48 26 17.71 8 3.93 21.51 1.19
24.09 0.9 35.65   0.94 9.93 0.95 16.45 0.55
20.11 0.4 28.59 -0.74 8.09 0.4 14.25 0.79
17.46 0.97 25.14 0.97 6.94 0.98 11.68 0.34
12.72 0.24 16.5 0.03 5.76 0.77 6.48 2.89
5.48 2.56 3.34   0.56 -0.13 3.19 1997 4.77
1997 1.98 1997 3.32 1997 0.57 20.17 0.3
26.24 -0.06 37.28   -0.31 14.34 0.23 15.91 Policy
23.17 Policy 32.79 Policy 9.77 LBAB 14.49 11
21.3 12 29.99 12 8.72 9 13.01 20
18.72 19 24.76 19 7.12 22 9.88 45.16
14.3 41.94 15.87 58.06 5.89 48.39   -6.08
-9.11 -17.68 -2.44 9.59
12.55 21.3 5.88 15.67
21.66 38.98 8.32 -8.19
-12.48 -26.85 -2.05 7.5
10.34 18.51 4.07 1
1 1 1 0
0 0 0 1
1 1 1 0.27
0.23 0.08 0.71 2
2.42 1.55 2.9 0
0 0 0 Diff
Diff Diff Diff 1
0 0 -1 -1
0 0 1 9.68
16.12 -16.12 3.22 -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 2.5
-0.86 -0.8 -0.14 0.19
-0.1 -0.06 -0.05 0.55
0.4 -0.74 0.4 -0.21
-0.03 -0.03 -0.02 0.07
0.01 -0.05 0.06 0.89
0.14 -0.99 0.29 4.77
1.98 3.32 0.57 5.08