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 83 50% Broad LC Growth Equity, 50% IFI 85
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 Inception date is December 31, 1997 84 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 March 31, 2010 Batting Average Returns are gross of fees. Incept is December 31, 1997 to March 31, 2010 Batting Average Returns are gross of fees. Incept is December 31, 1997 to March 31, 2010 Batting Average Returns are net of fees. Incept is December 31, 1997 to March 31, 2010 Batting Average
Account Reconciliation Trailing Returns through March 31, 2010 Worst Qtr Account Reconciliation Trailing Returns through March 31, 2010 Worst Qtr Account Reconciliation Trailing Returns through March 31, 2010 Worst Qtr Account Reconciliation Trailing Returns through March 31, 2010 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
3/31/2010 Return Beta 3/31/2010 Return Beta 3/31/2010 Return Beta 3/31/2010 Return Beta
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha
55,782 Universe R-Squared 31,214 Universe R-Squared 23,345 Universe R-Squared 24,802 Universe R-Squared
604 5th %-tile Sharpe Ratio -27 5th %-tile Sharpe Ratio 7 5th %-tile Sharpe Ratio -137 5th %-tile Sharpe Ratio
1,940 25th %-tile Treynor Ratio 1,536 25th %-tile Treynor Ratio 478 25th %-tile Treynor Ratio 525 25th %-tile Treynor Ratio
58,327 50th %-tile Tracking Error 32,723 50th %-tile Tracking Error 23,830 50th %-tile Tracking Error 25,190 50th %-tile Tracking Error
2010 75th %-tile Information Ratio 2010 75th %-tile Information Ratio 2010 75th %-tile Information Ratio 2010 75th %-tile Information Ratio
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund
52,968 1 Yr 6 29,148   1 Yr   5 22,521   1 Yr   3 24,950 1 Yr ####### 5
1,397 29.53 0.2953 6 230   48.23 0.4823 7 554   12.79 0.1279 9 -1,366 25.32 0.2532 7
3,962 100 58.33 3,345   99   50 755   63   83.33 1,605 96 0.96 66.67
58,327 34.49 0.3449 -12.24 32,723 56.02 0.5602 -25.41 23,830 6.55 0.0655 -1.44 25,190 26.94 0.2694 -3.83
12/31/1997 91 10.29 12/31/1997 15 15.68 12/31/1997 94 5.62 12/31/1997 90 8.58
Incept 46.69 22.53 Incept 57.84 41.09 Incept 34.68 7.06 Incept 40.59 12.41
15,998 41.21 -21.46 10,999 55.32 -37.35 4,811 20.96 2.85 15,998 35.66 -7.56
21,496 38.51 12.11 12,602 53.61 20.98 5,990 14.93 4.09 -7,443 32.08 7.29
20,832 36.52 0.89 9,121     51.74 0.96 13,030     10.56 0.99 16,634 29.08 0.8
58,327  58,327,000 33.73 -0.33 32,723   32,723,000 49.27 -1.18 23,830   23,830,000 5.96 2.4 25,190  25,190,000 25.45 3.36
Investment Policy 2 Yr 0.97 Investment Policy 2 Yr 0.98 Investment Policy 2 Yr 0.87 Investment Policy 2 Yr ####### 0.94
Index 0.86 0.0086 -0.11 Index -3.63 -0.0363 -0.3 Index 7.71 0.0771 1.62 Index 8.15 0.83
BCAB A+ 86 -1.54 Russell 1000 Value 74 -6.5 BCAB A+ 15 6.68 Barclays Capital Gov/Credit-Intermediate 19 0.19 7.55
Barclays Capital Gov/Credit-Intermediate 1.6 0.016 2.46 Russell 1000 Growth -1.63 -0.0163 3.38 Barclays Capital Gov/Credit-Intermediate 4.61 0.0461 1.46 Russell 1000 Growth 6.21 2.45
Russell 1000 Value 72 -0.14 S&P Midcap 400 23 -0.29 Total 68 1.71 Total 56 1
Other 4.14 Policy Russell 2000 Value -0.27 Policy Weight 9.48 Policy Weight 9.78 Policy
Weight 3 6 Weight -1.78 6 50 6.64 4 50 7.68 5
20 2.25 6 33.33 -2.71 6 50 5.45 8 50 6.49 7
20 1.38 41.67 33.33 -3.7 50 100 4.17 16.67 100 4.99 33.33
20 -0.11 -12.55 16.67 -5.23 -23.37 Trailing Returns through March 31, 2010 0.16 -1.37 Trailing Returns through March 31, 2010 1.32 -4.94
40 3 Yr 11.87 16.67   3 Yr 17.84 Fund   3 Yr   4.97 Fund 1 Yr FUND 3 Yr ####### 8.88
Trailing Returns through March 31, 2010 1 Yr FUND 0.43 0.0043 24.42 Trailing Returns through March 31, 2010 1 Yr FUND -4.44 -0.0444 41.21 Policy 1 Yr FUND 8.41 0.0841 6.34 Policy UNIVERSE 7.84 0.0784 13.82
Fund UNIVERSE 64 -23.25 Fund UNIVERSE 67 -37.98 Diff UNIVERSE 2 2.7 Diff POLICY 4 0.04 -13.89
Policy POLICY 0.78 0.0078 13.36 Policy POLICY -3.46 -0.0346 21.69 1 Yr POLICY 5.92 0.0592 3.84 1 Yr 5.38 0.0538 8.82
Diff 50 1 Diff 41 1 12.79 26 1 25.32 41 1
1 Yr 2.4 0 1 Yr -1.46 0 6.55 7.72 0 26.94 7.57 0
29.53 1.53 1 48.23 -2.88 1 6.24 5.93 1 -1.62 6.02 1
34.49 0.77 -0.08 56.02 -3.74 -0.24 2 Yr 4.92 1.07 2 Yr 4.89 0.41
-4.96 -0.1 -1.02 -7.79 -4.83 -5.26 7.71 3.73 4.12 8.15 3.52 3.58
2 Yr -1.53 0 2 Yr -6.05 0 4.61 0.25 0 6.21 0.16 0
0.86 4 Yr Diff -3.63 4 Yr Diff 1/3/1900 4 Yr Diff 1.94 4 Yr ####### Diff
1.6 2.1 0.021 0 -1.63 -1.21 -0.0121   -1 3 Yr 7.85 0.0785 -1 3 Yr 7.03   0
-0.74 75 0 -2 79   1 8.41 5 1 7.84 8 0.08 0
3 Yr 2.93 0.0293 16.66 3 Yr 0.11 0.0011   0 5.92 6.1 0.061 66.66 5.38 5.71   33.34
0.43 42 0.31 ################################## 30 -2.04 1/2/1900 24 -0.07 2.46 37 1.11
0.78 4.11 -1.58 -3.46 1.51 -2.16 4 Yr 7.83 0.65 4 Yr 7.24 -0.3
-0.35 3.31 -1.89 -0.98 0.27 -0.12 7.85 5.98 0.72 1/7/1900 6.11 -1.41
4 Yr 2.7 1.79 4 Yr -0.5 0.63 6.1 5.08 0.15 5.71 5.22 6.33
2.1 2.09 -1.25 -1.21 -1.11 -0.71 1.75 4.05 0.25 1.32 3.99 -1.53
2.93 0.99 -0.11 0.11 -2.02 -0.04 5 Yr 1.6 -0.01 5 Yr 1.37 -0.2
-0.83 5 Yr -0.33 -1.32 5 Yr -1.18 6.78 5 Yr 2.4 7.11 3 YR FUND 5 Yr ####### 3.36
5 Yr 3 YR FUND 3.23 0.0323 -0.03 5 Yr 3 YR FUND 1.22 0.0122 -0.02 5.32 3 YR FUND 6.78 0.0678 -0.13 6.19 UNIVERSE 7.11 0.0711 -0.06
3.23 UNIVERSE 88 -0.03 1.22 UNIVERSE 91 -0.06 1/1/1900 UNIVERSE 9 0.55 0.92 POLICY 19 0.19 0.42
4.13 POLICY 4.13 0.0413 -0.52 1/2/1900 POLICY 2.69 0.0269 -1.24 6 Yr POLICY 5.32 0.0532 2.56 6 Yr 6.19 0.0619 3.97
-0.9 58 2.46 ################################## 38 3.38 5.82 33 1.46 1/6/1900 41 5 Yr 2.45
6 Yr 5.59 5 Yr 5 Yr 6 Yr 4.65 5 Yr 5 Yr 4.61 7.25 5 Yr 5 Yr 1/5/1900 8.11 5 Yr
1/3/1900 4.77 # of Negative Qtrs 2.22 3.07 # of Negative Qtrs 1/1/1900 5.59 # of Negative Qtrs 1/1/1900 6.72 # of Negative Qtrs
4.26 4.26 # of Positive Qtrs 3.44 2.33 # of Positive Qtrs 7 Yr 4.76 # of Positive Qtrs 7 Yr 5.93 # of Positive Qtrs
-0.82 3.64 Batting Average ################################## 1.73 Batting Average 5.72 3.98 Batting Average 1/7/1900 4.99 Batting Average
7 Yr 2.63 Worst Qtr 7 Yr 0.98 Worst Qtr 4.73 2.13 Worst Qtr 7.18 2.75 Worst Qtr
1/5/1900 6 Yr Best Qtr 1/6/1900 6 Yr Best Qtr 1/0/1900 6 Yr Best Qtr 1/0/1900 6 Yr ####### Best Qtr
6.94 3.44 0.0344 Range 7.87 2.22 0.0222 Range 8 Yr 5.82 0.0582 Range 8 Yr 6.26 Range
-1.23 89 Worst 4 Qtrs ################################## 91 Worst 4 Qtrs 6.61 17 Worst 4 Qtrs 1/5/1900 22 0.22 Worst 4 Qtrs
8 Yr 4.26 0.0426 Standard Deviation 8 Yr 3.44 0.0344 Standard Deviation 5.57 4.61 0.0461 Standard Deviation 1/5/1900 5.24 Standard Deviation
1/3/1900 55 Beta 1.99 44 Beta 1/1/1900 36 Beta 0.26 60 Beta
1/4/1900 5.94 Annualized Alpha 3.18 5.11 Annualized Alpha 9 Yr 7.4 Annualized Alpha 9 Yr 7.43 Annualized Alpha
-0.83 4.96 R-Squared ################################## 3.92 R-Squared 6.45 5.1 R-Squared 5.24 6.13 R-Squared
9 Yr 4.38 Sharpe Ratio 9 Yr 3.28 Sharpe Ratio 5.55 4.24 Sharpe Ratio 1/4/1900 5.53 Sharpe Ratio
1/3/1900 3.88 Treynor Ratio 1.93 2.72 Treynor Ratio 1/0/1900 3.52 Treynor Ratio 0.46 4.73 Treynor Ratio
1/4/1900 3.03 Tracking Error 1/2/1900 1.98 Tracking Error 10 Yr 2.07 Tracking Error 10 Yr 3.09 Tracking Error
-0.59 7 Yr Information Ratio ################################## 7 Yr Information Ratio 1/7/1900 7 Yr Information Ratio 1/3/1900 5 YR FUND 7 Yr ####### Information Ratio
10 Yr 5 YR FUND 5.71 Fund 10 Yr 5 YR FUND 6.59 Fund 1/6/1900 5 YR FUND 5.72 0.0572 Fund 1/2/1900 UNIVERSE 7.38   Fund
1/2/1900 UNIVERSE 98 7 -0.74 UNIVERSE 91 6 0.84 UNIVERSE 25 6 1/1/1900 POLICY 54 0.54 6
1/2/1900 POLICY 6.94 13 ################################## POLICY 7.87 14 12/31/1997 POLICY 4.73 0.0473 14 12/31/1997 7.18   Batting Average 14
-0.36 65 Batting Average 45 ################################## 49 Batting Average 40 Incept 39 Batting Average 65 Incept 61 50
12/31/1997 9.61 -12.24 12/31/1997 10.15 -25.41 6.59 9.66 -1.44 6.79 10.03 -3.83
Incept 7.99 10.29 Incept 8.56 15.68 1/5/1900 5.61 5.62 4.62 8.31 8.58
1/4/1900 7.22 22.53 2.67 7.8 41.09 1/0/1900 4.39 7.06 2.17 7.45 12.41
4.96 6.72 -21.46 3.72 7.19 -37.35 Fiscal Year Returns Ending September 3.67 -0.36 Fiscal Year Returns Ending September 6.79 Standard Deviation -7.56
-0.39 5.98 Standard Deviation 9.85 ################################## 6.2 Standard Deviation 16.96   Fund 2.51 Standard Deviation 3.59 Fund 5.42 Beta 6.34
Fiscal Year Returns Ending September 8 Yr Beta 0.9 Fiscal Year Returns Ending September 8 Yr Beta 0.96   Policy 8 Yr Beta 0.98   Policy 8 Yr Annualized Alpha 0.83
Fund 3.68 Annualized Alpha -0.5 -0.005 Fund 1.99 Annualized Alpha -1.33 -0.0133 Diff 6.61 Annualized Alpha 1.52 0.0152 Diff 5.4 R-Squared 1.89 0.0189
Policy 85 R-Squared 0.96 Policy 94 R-Squared 0.97 3/31/2010 15 R-Squared 0.89 3/31/2010 53 0.92
Diff 4.51 0.05 Diff 3.18 -0.09 Qtr 5.57 1.12 Qtr 5.14 0.69
3/31/2010 52 0.52 3/31/2010 51 -1.6 1/2/1900 27 4.1 2.14 62 5.24
Qtr 6 2.13 Qtr 5.28 2.91 1.66 8.48 1.2 3.18 7.42 2.2
3.46 5.21 -0.42 4.91 3.93 -0.51 0.44 5.68 1.22 ################################ 6.17 Policy 0.42
4.92 4.56 Policy Policy 6.98 3.19 Policy Policy 2010 4.87 Policy Policy 2010 5.48 Policy
-1.46 3.98 7 -2.07 2.61 7 YTD 4.11 7 YTD 4.76 6
2010 3.1 13 2010 1.8 13 1/3/1900 2.93 13 6.75 3.38 14
YTD 9 Yr 55 YTD 9 Yr 60 1.83 9 Yr 35 7.42 9 Yr 50
7.36 3.61 -12.55 11.35 1.93 -23.37 1.5 6.45 -1.37 -0.67 5.24 -4.94
8.57 77 11.87 13 85 17.84 2009 15 4.97 2009 34 8.88
-1.21 4.2 24.42 -1.65 2.69 41.21 14.87 5.55 6.34 14.54 4.78 13.82
2009 50 -23.25 2009 56 -37.98 9.82 27 -0.81 11 56 Standard Deviation -13.89
0.85 5.73 Standard Deviation 10.73 -8.67 5.08 Standard Deviation 17.46 5.05 8.03 Standard Deviation 3.46 3.54 6.65 7.35
0.78 4.8 1 -6.66 3.67 1 2008 5.65 1 2008 5.46 1
0.07 4.2 0 -2.01 2.79 0 3.98 4.82 0 -3.41 4.88 0
2008 3.66 1 2008 2.21 1 3.56 4.14 1 -8.67 4.15 1
-11.57 2.93 0.13 -20.4 1.25 0 0.42 2.96 0.74 5.26 2.99 0.47
-10.79 10 Yr 1.37 -19.72 10 Yr -0.07 2007 10 Yr 2.56 2007 10 Yr 3.43
-0.78 2.38 0 ################################## -0.74 0 1/6/1900 7.06 0 10.97 3.55 0
2007 67 Diff 2007 79 Diff 5.48 9 Diff 12.99 40 Diff
1/11/1900 2.74 0 16.64 -0.14 -1 0.62 6.22 -1 ################################ 2.17 0
11.03 52   0 14.69 62   1 2006 18   1 2006 79   0
0.93 5.59 -10 1.95 4.61 -20 3.48 7.34 30 3.73 5.65 0
2006 4.02   0.31 2006 2.41   -2.04 3.67 5.91   -0.07 4.97 4.11   1.11
6.57 2.8 -1.58 9.02 0.31 -2.16 -0.19 5.23 0.65 -1.24 3.22 -0.3
8.28 2.19 -1.89 11.36 -0.63 -0.12 6/27/1905 4.65 0.72 2005 2.3 -1.41
-1.71 0.85 1.79 -2.34 -2.73 0.63 2.95 3.63 0.45 8.2 0.33 6.33
2005 Fiscal Year Returns Ending September -0.88 6/27/1905 Fiscal Year Returns Ending September -0.5 2.8 Fiscal Year Returns Ending September 0.13 1/7/1900 Fiscal Year Returns Ending September -1.01
8.42 Fund -0.1 12.84 Fund -0.04 0.15 Fund -0.02 1.13 Fund -0.17
1/9/1900 Return   -0.5 13.21 Return   -1.33 6/26/1905 Return   1.52 6/26/1905 Return   1.89
-0.64 %-tile -0.04 -0.37 %-tile -0.03 3.36 %-tile -0.11 3.06 %-tile -0.08
2004 Policy   -0.08 6/26/1905 Policy   -0.09 3.68 Policy   0.38 1/5/1900 Policy   0.22
7.44 Return -0.85 12.55 Return -1.53 -0.32 Return 1.54 -2.39 Return 1.81
1/10/1900 %-tile 2.13 15.46 QU. FUND %-tile 2.91 6/25/1905 %-tile 1.2 6/25/1905 %-tile   2.2
-3.29 Universe 10 Yr -2.91 UNIVERSE Universe 10 Yr 5.52 Universe 10 Yr 12.61 Universe 10 Yr
2003 5th %-tile # of Negative Qtrs 6/25/1905 POLICY 5th %-tile # of Negative Qtrs 5.4 5th %-tile # of Negative Qtrs 1/16/1900 5th %-tile   # of Negative Qtrs
14.37 25th %-tile # of Positive Qtrs 24.55 25th %-tile # of Positive Qtrs 0.12 25th %-tile # of Positive Qtrs -4.23 QU. FUND 25th %-tile # of Positive Qtrs
1/17/1900 QU. FUND 50th %-tile Batting Average 1/24/1900 50th %-tile Batting Average 6/24/1905 QU. FUND 50th %-tile Batting Average 2002 UNIVERSE 50th %-tile Batting Average
-2.67 UNIVERSE 75th %-tile Worst Qtr -0.25 75th %-tile Worst Qtr 9.39 UNIVERSE 75th %-tile Worst Qtr -5.61 POLICY 75th %-tile Worst Qtr
6/24/1905 POLICY 95th %-tile Best Qtr 6/24/1905 95th %-tile Best Qtr 8.6 POLICY 95th %-tile Best Qtr ################################ 95th %-tile Best Qtr
-7.32 Qtr Range -19.84 Qtr Range 0.79 Qtr Range 1.69 Qtr ####### Range
############################## 3.46 0.0346 Worst 4 Qtrs ################################## 4.91 0.0491 Worst 4 Qtrs 6/23/1905 2.1 0.021 Worst 4 Qtrs 2001 2.14 0.0214 Worst 4 Qtrs
1.45 100 Standard Deviation -0.27 98 Standard Deviation 13.48 52 Standard Deviation ################################ 98 0.98 Standard Deviation
6/23/1905 4.92 0.0492 Beta 6/23/1905 6.98 0.0698 Beta 12.95 1.66 0.0166 Beta ################################ 3.18 0.0318 Beta
-9.99 23 Annualized Alpha -26 9 Annualized Alpha 0.53 77 Annualized Alpha 7.03 75 Annualized Alpha
############################## 5.39 R-Squared -26.85 7.09 R-Squared Returns in Up Markets 3.85 R-Squared Returns in Up Markets 4.6 R-Squared
2.49 4.87 Sharpe Ratio 0.85 6.56 Sharpe Ratio Fund 2.65 Sharpe Ratio Fund 3.99 Sharpe Ratio
Returns in Up Markets 4.52 Treynor Ratio Returns in Up Markets 6.2 Treynor Ratio Policy 2.13 Treynor Ratio Policy 3.57 Treynor Ratio
Fund 4.24 Tracking Error Fund 5.79 Tracking Error Ratio 1.69 Tracking Error Ratio 3.17 Tracking Error
Policy 3.84   Information Ratio Policy 5.07   Information Ratio 3 Yr 1.22   Information Ratio 3 Yr 2.48   Information Ratio
Ratio YTD Fund Ratio YTD Fund 1/14/1900 YTD Fund 1/19/1900 YTD ####### Fund
3 Yr 7.36 0.0736 17 3 Yr 11.35 0.1135 16 10.4 3.33 0.0333 10 20 6.75 0.0675 16
23.4 86 23 2/5/1900 63 24 138.8 39 30 4/4/1900 79 0.79 24
25.8 8.57 0.0857 52.5 40.1 13 0.13 42.5 5 Yr 1.83 0.0183 55 5 Yr 7.42 0.0742 47.5
3/30/1900 30 -12.24 91.5 3 -25.41 1/11/1900 78 -2.27 1/13/1900 59 -7.29
5 Yr 10.09 10.29 5 Yr 12.76   15.68 9.6 7.15 5.62 14.8 9.73   8.58
15.9 8.7 22.53 1/23/1900 12.05 41.09 123.4 4.19 7.89 3/31/1900 2004 FUND 8.45 0.0845 15.87
1/17/1900 2004 FUND 8.11 0.0811 -21.46 26.4 2004 FUND 11.55 0.1155 -37.35 10 Yr 2004 FUND 2.82 0.0282 -0.36 10 Yr UNIVERSE 7.64 -13.1
3/29/1900 UNIVERSE 7.6 9.34 3/29/1900 UNIVERSE 11.14 17.81 1/10/1900 UNIVERSE 1.92 4 14.2 POLICY 6.87 0.0687 7.44
10 Yr POLICY 6.94 0.0694 0.87 10 Yr POLICY 10.46 0.1046 0.97 1/9/1900 POLICY 0.95 0.0095 1.06 16.5 5.8   0.77
1/15/1900 2009 -0.06 -0.0006 1/26/1900 2009 -0.6   111.5 2009 0.45 0.0045 3/26/1900 2009 1.81 0.0181
1/18/1900 0.85   0.97 1/28/1900 -8.67 0.98 12/31/1997 14.87 0.92 12/31/1997 14.54   0.92
3/27/1900 83 -0.03 4/4/1900 85 -0.19 Incept 26 1.09 Incept 20 0.11
12/31/1997 0.78 -0.37 12/31/1997   -6.66   -3.55 10.1 9.82   4.11 1/17/1900 11   1.1
Incept 84 2 Incept   57 2.6 9.2 77 1.12 1/17/1900 62 3.03
18.1 6.49 -0.18 29.3   -2.39   -0.23 109.9 19.33   0.75 102.1 17.28   0.46
1/19/1900 4.55 Policy 31.5 -4.58 Policy Returns in Down Markets 14.99 Policy Returns in Down Markets 2003 FUND 13.91 0.1391 Policy
90.9 2003 FUND 3.07 0.0307 17 93.1 2003 FUND -6.28 -0.0628 17 Fund 2003 FUND 12.27 0.1227 10 Fund UNIVERSE 11.73 17
Returns in Down Markets UNIVERSE 1.56 23 Returns in Down Markets UNIVERSE -7.81 23 Policy UNIVERSE 9.92 30 Policy POLICY 9.6 0.096 23
Fund POLICY -1.15 -0.0115 47.5 Fund POLICY -10.6 -0.106 57.5 Ratio POLICY 5.92 0.0592 45 Ratio 4.39   52.5
Policy 2008 -12.55 Policy 2008 -23.37 3 Yr 2008 -2.44 3 Yr 2008 -9.05
Ratio -11.57   11.87 Ratio -20.4 17.84 -2.6 3.98 4.97 -6.1 -3.41   9
3 Yr 11 24.42 3 Yr 49 41.21 -2.4 5 7.41 -12.2 1 18.05
-18.3 -10.79 -23.25 -33.2 -19.72   -37.98 107.3 3.56   -0.81 50.1 -8.67   -20.13
-19.2 5 10.55 -33.5 32 18.19 5 Yr 6 3.64 5 Yr 17 9.34
94.9 -10.94 1 99.2 -17.63   1 -2 3.92   1 ################################ -7.04   1
5 Yr -12.46 0 5 Yr -19.43 0 -2.2 0.39 0 -11.5 2002 FUND -9.54 -0.0954 0
-16.7 2002 FUND -13.49 -0.1349 1 -30.2 2002 FUND -20.47 -0.2047 1 93.2 2002 FUND -2.18 -0.0218 1 57.3 UNIVERSE -11.75 1
############################## UNIVERSE -14.51 0 -30.1 UNIVERSE -21.55 -0.16 10 Yr UNIVERSE -5.15 0.97 10 Yr POLICY -13.49 -0.1349 -0.06
96.9 POLICY -16.41 -0.1641 0.04 100.3 POLICY -23.54 -0.2354 -2.84 ################################## POLICY -10.2 -0.102 3.52 -9.3 -16.65   -0.53
10 Yr 2007 0 10 Yr 2007 0 ################################## 2007 0 -14.4 2007 0
-13.5 11.96   Diff -28.7 16.64 Diff 93.8 6.1 Diff 3/4/1900 10.97   Diff
-15.1 34 0 ################################## 35 -1 12/31/1997 16 0 12/31/1997 88 -1
89.3 11.03 0 4/9/1900 14.69   1 Incept 5.48   0 Incept 12.99   1
12/31/1997 56 5 12/31/1997 78 -15 -2.6 19 10 -9.3 55 -5
Incept 14.32 0.31 Incept 20.58   -2.04 -2.9 7.97   0.17 -13.8 18.31   1.76
-13.7 12.64 -1.58 -28.7 17.28 -2.16 88.7 5.02 0.65 67.4 2001 FUND 14.69 0.1469 -0.42
-15 2001 FUND 11.17 0.1117 -1.89 -28.7 2001 FUND 15.67 0.1567 -0.12 2001 FUND 3.97 0.0397 0.48 UNIVERSE 13.22 -2.18
91.7 UNIVERSE 10.4 1.79 100 UNIVERSE 14.83 0.63 UNIVERSE 3.35 0.45 POLICY 11.55 0.1155 7.03
POLICY 8.63 0.0863 -1.21 POLICY 12.23 0.1223 -0.38 POLICY 2.2 0.022 0.36 10.34   -1.9
2006 -0.13 2006 -0.03 2006 0.06 2006 -0.23
6.57   -0.06 9.02 -0.6 3.48 0.45 3.73   1.81
81 -0.03 81 -0.02 62 -0.08 83 -0.08
8.28 -0.03 11.36   -0.03 3.67   0.12 4.97   0.17
34 -0.41 26 -0.71 56 0.59 60 1.63
10.34 2 13.99   2.6 7.87   1.12 8.33   3.03
8.65 Incept 11.43 Incept 4.73 Incept 2000 FUND 6.74 0.0674 Incept
2000 FUND 7.79 0.0779 # of Negative Qtrs 2000 FUND 10.54 0.1054 # of Negative Qtrs 2000 FUND 3.81 0.0381 # of Negative Qtrs UNIVERSE 5.35 # of Negative Qtrs
UNIVERSE 6.86 # of Positive Qtrs UNIVERSE 9.47 # of Positive Qtrs UNIVERSE 3.18 # of Positive Qtrs POLICY 4.28 0.0428 # of Positive Qtrs
POLICY 4.84 0.0484 Batting Average POLICY 6.76 0.0676 Batting Average POLICY 2.47 0.0247 Batting Average 2.74 Batting Average
2005 Worst Qtr 2005 Worst Qtr 2005 Worst Qtr 2005 Worst Qtr
8.42 Best Qtr 12.84 Best Qtr 2.95 Best Qtr 8.2 Best Qtr
93 Range 84 Range 58 Range 64 Range
9.06 Worst 4 Qtrs 13.21 Worst 4 Qtrs 2.8 Worst 4 Qtrs 7.07 Worst 4 Qtrs
79 Standard Deviation 75 Standard Deviation 61 Standard Deviation 85 Standard Deviation
13.78 Beta 19.48 Beta 9 Beta 13.94 Beta
11.74 Annualized Alpha 16.62 Annualized Alpha 5.33 Annualized Alpha 10.94 Annualized Alpha
10.31 R-Squared 14.53 R-Squared 3.41 R-Squared 9.01 R-Squared
9.18 Sharpe Ratio 13.19 Sharpe Ratio 2.01 Sharpe Ratio 7.65 Sharpe Ratio
8.2 Treynor Ratio 11.71 Treynor Ratio 0.9 Treynor Ratio 6.11 Treynor Ratio
2004 Tracking Error 2004 Tracking Error 2004 Tracking Error 2004 Tracking Error
7.44 Information Ratio 12.55 Information Ratio 3.36 Information Ratio 3.06 Information Ratio
96 Fund 90 Fund 66 Fund 100 Fund
10.73 19 15.46 18 3.68 13 5.45 18
65 30 55 31 58 36 89 31
15.13 53.06 21.48 42.86 12.92 55.1 13.08 51.02
13.1 -12.24 17.64 -25.41 6.16 -2.27 9.15 -7.29
11.39 12.53 15.81 19.75 4.01 5.62 7.81 14.62
10.21 24.77 14.33 45.16 2.86 7.89 6.38 21.91
7.62 -21.46 10.32   -37.35 1.1 -1.19 4.59 -13.1
2003 9.88 2003 18.04 2003 3.99 2003 8.85
14.37 0.9 24.55   0.95 5.52 1.05 12.61 0.86
78 0.06 45 -0.84 34 0.43 79 2.77
17.04 0.97 24.8 0.97 5.4 0.93 16.84 0.83
41 0.15 42 -0.02 34 0.87 36 0.42
25.99 1.62 30.11   -0.46 26.98 3.31 23.97 4.28
18.71 2.05 26.24 3.36 7.55 1.04 18.03 3.91
16.36 -0.19 24.18   -0.31 3.7 0.71 15.15 0.55
14.6 Policy 22.01 Policy 2.79 Policy 12.93 Policy
12.1 19 18.15 19 1.64 13 10.37 18
2002 30 2002 30 2002 36 2002 31
-7.32 46.94 -19.84 57.14 9.39 44.9 -5.61 48.98
42 -12.55 82 -23.37 7 -2.44 36 -9.05
-8.77 12.55 -19.57 21.3 8.6 4.97 -7.3 11.93
68 25.1 79 44.67 19 7.41 64 20.98
-2.67 -23.25 -8.88 -37.98 9.55 -2.05 -0.49 -20.13
-5.86 10.77 -14.32 18.78 8.3 3.67 -4.95 9.4
-7.8 1 -17.37 1 7.26 1 -6.58 1
-9.22 0 -19.36 0 5.16 0 -8.09 0
-12.65 1 -21.15 1 -2.27 1 -11.82 1
0.17 0.03 0.75 0.16
1.85 0.61 2.74 1.51
0 0 0 0
Diff Diff Diff Diff
0 -1 0 0
0 1 0 0
6.12 -14.28 10.2 2.04
0.31 -2.04 0.17 1.76
-0.02 -1.55 0.65 2.69
-0.33 0.49 0.48 0.93
1.79 0.63 0.86 7.03
-0.89 -0.74 0.32 -0.55
-0.1 -0.05 0.05 -0.14
0.06 -0.84 0.43 2.77
-0.03 -0.03 -0.07 -0.17
-0.02 -0.05 0.12 0.26
-0.23 -1.07 0.57 2.77
2.05 3.36 1.04 3.91