SUNRISE POLICE SCROLL TO RIGHT------> Small Cap
LOCK N/A LOCK LOCK N/A LOCK LOCK N/A LOCK LOCK DHJ LG.GR. EXECUTIVE HERE LOCK LOCK DHJ EQ. UNIVERSE HERE LOCK LOCK DHJ EQ RISK HERE LOCK LOCK COHEN & STEERS LOCK LOCK COHEN & STEERS LOCK LOCK COHEN & STEERS 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
DHJ Large Cap Growth Equity (R1000G) DHJ Large Cap Growth Equity (R1000G) DHJ Large Cap Growth Equity (R1000G) Cohen & Steers (Large Cap Value Equity + Cash) Cohen & Steers (Large Cap Value Equity + Cash) Cohen & Steers (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
49 Broad Large Cap Growth Equity 54 57 Pure Large Cap Value Equity 61 64 Broad Small Cap Value Core 68
Inception date is December 31, 1997 51 3 Yr Inception date is June 30, 2008 59 1 Yr Inception date is March 31, 2004 66 Incept 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
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 March 31, 2010 Batting Average Returns are net of fees. Incept is June 30, 2008 to March 31, 2010 Batting Average Returns are net of fees. Incept is March 31, 2004 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
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
Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs
Ending Value R1000G Standard Deviation Ending Value R1000V Standard Deviation Ending Value R2000V Standard Deviation
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
12,484 Universe R-Squared 9,760 Universe R-Squared 4,369 Universe R-Squared
-396 5th %-tile Sharpe Ratio 324 5th %-tile Sharpe Ratio 163 5th %-tile Sharpe Ratio
324 25th %-tile Treynor Ratio 396 25th %-tile Treynor Ratio 322 25th %-tile Treynor Ratio
12,412 50th %-tile Tracking Error 10,479 50th %-tile Tracking Error 4,853 50th %-tile Tracking Error
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
    11,868 1 Yr 4 9,048   2 Qtrs   0 4,166 2 Qtrs 5
  -752 43.11 0.4311 8 566   9.26 0.0926 4 285 8.97 0.0897 7
    1,296 86 50 866   94   25 403 100 Batting Average 25
12,412 49.75 0.4975 -23.11 10,479 11 0.1128 3.94 4,853 14.01 0.1401 -27.11
12/31/1997 39 14.32 6/30/2008 2/5/1900 14.35 3/31/2004 18 20.59
Incept 58.23 37.43 Incept 12.22 10.41 Incept 15.69 47.7
  10,999 51.54 -36.45   10,493 12 40.8 2,986 13.63 -33.11
-8,596 48.35 18.86 1,087 10.94 11.74 1,210 12.82 Standard Deviation 24.82
                  - 10,009 45.56 0.93 -1,100     10 0.8 0.008 657 11.68 Beta 0.91  
12,412  12,412,000 39.44 1.11 10,479  10,479,000 9 -0.11 -0.0011 4,853   4,853,000 10.62 Annualized Alpha -1.2 -0.012
Investment Policy 2 Yr 0.98 Investment Policy 3 Qtrs 0.92 Investment Policy 3 Qtrs R-Squared 0.93
Index -0.82 -0.0082 -0.07 Index 23.14 0.2314 3.46 Index 31.41 0.3141 -0.33
Russell 1000 Growth 31 -1.41 Russell 1000 Value 100 50.82 Russell 2000 Value 99 -8.91
Total -0.8 -0.008 2.85 Total 31.59 0.3159 4.36 Total 39.89 0.3989 7.06
Weight 31 0.45 Weight 25 -2.93 Weight 12 -0.08
70 100 3.4 R1000G 100 33.37 R1000V 100 40.28 Policy R2000V
30 100 0.09 5 100 31.43 0 100 38.31 6
100 50 Trailing Returns through March 31, 2010 -2.43 7 Trailing Returns through March 31, 2010 29.72 4 Trailing Returns through March 31, 2010 36.33 6
Trailing Returns through March 31, 2008 -8.57 Fund -4.4 50 Fund 27.53 75 Fund 35.44 75
Fund 5.08 R1000G -7.48 -22.79 R1000V 26.22 4.22 R2000V 32.64 -24.89
Policy     13.65 Diff   3 Yr   16.32 Diff   1 Yr   18.24 Diff 1 Yr #VALUE! 22.7
Diff 1 Yr FUND 0 -8.71 1 Yr 1 Yr FUND 0.49 0.0049 39.11 1 Yr 1 Yr FUND 40.8 0.408 14.02 1 Yr 54.16 0.5416 47.59
1 Yr UNIVERSE 11.19 2/12/1900 UNIVERSE 20 -38.44 2/9/1900 UNIVERSE 100 53.56 2/23/1900 100 1 -38.89
-12.71 POLICY 0 1 49.75 POLICY -0.78 -0.0078 20.18 53.56 POLICY 53.56 0.5356 14.19 65.07 65.07 0.6507 26.26
-8.71 0 -6.64 35 1 -12.76 44 1 -10.91 47 1
-4 1 2 Yr 2.79 0 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 59.5 0 2 Yr 69.84 0
2 Yr -1.15 ################################## 0.06 1 6/30/2008 56.76 1 1/1/1900 69.41 1
################################# -12.9 -0.8 -1.91 -0.13 Incept 52.2 3.76 0.43 64.22 -0.29
0.85 0 -0.02 -3.62 -2.58 -6.78 47.55 53.42 1.12 61.85 -7.51
-2.2 Diff 3 Yr -4.98 0 -3.83 44.9 0 3 Yr 58.27 0
3 Yr 0 0.49 4 Yr Diff ################################ 2 Yr Diff ################################### 2 Yr = Diff
   1/2/1900   0   ################################## 1.41 0.0141 -1    Fiscal Year Returns Ending September 2 Yr FUND ################################# -0.0155 0   ################################### 1.55 0.0155 -1
   1/5/1900 0   1/1/1900 26 1    Fund UNIVERSE -4.29 0   -0.6 39 1
  -2.98   -0.9   4 Yr 1.12 0.0112 0   R1000V POLICY -5.96 -0.0596 -50   4 Yr 0.43 0.0043 -50
4 Yr 0.89 1.41 32 -0.32 Diff -7.23 -0.28 ################################### 72 -2.22
1/4/1900 2.02 1.79 1/1/1900 3.58 -2 3/31/2010 -11.84 -3.89 ################################### 8.54 -2.11
1/6/1900 1.06 -4 0.29 1.45 -1.68 Qtr   3 Yr -3.61 -1.18 2.92 0.11
-1.99 0.12 0.13 5 Yr 0.26 1.99 3.94 -4.21 -12.76 5 Yr 1.03 5.78
5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -1.17 -0.08 3.34 -1 -1.32 1/6/1900 -5.39 -2.45 1/0/1900 0.22 -1.44
3/31/2004 3 Yr -4.94 3.42 -2.62 -0.07 ################################ -6.95 -0.2 1/2/1900 -0.33 -0.09
Incept 2.48 -0.17 -0.08 5 Yr 1.11 2010 -8.57 -0.11 -1.83 3 Yr #VALUE! -1.2
1/4/1900 3 YR FUND 99 0.99 -0.34 6 Yr 3 YR FUND 3.34 0.0334 -0.02 YTD   -10.69 -0.1069 -0.08 6 Yr -6.31 -0.0631 -0.07
1/6/1900 UNIVERSE 5.46 -5.47 1/3/1900 UNIVERSE 47 0.06 9.26   4 Yr -0.3 1/3/1900 100 1 -0.04
-1.99 POLICY 54 0.54 4.69 3.04 POLICY 3.42 0.0342 1.17 1/11/1900   0.59 0.0059 -2.59 1/3/1900 -5.71 -0.0571 -1.4
Fiscal Year Returns Ending September 9.29 2 Yr 0.37 44 2.85 -2.02   -0.77 4.36 -0.83 100 7.06
Fund 6.48 5 Yr # of Negative Qtrs 7 Yr 6.37 5 Yr 5 Yr 7/1/1905 -2.28 Incept 7 Yr 8 Yr 9 Yr 10 Yr 0.93 4 Yr
Policy 5.57 # of Positive Qtrs 1/6/1900 4.38 # of Negative Qtrs ################################ ################################# # of Negative Qtrs 3/31/2004 -2.45 # of Negative Qtrs
Diff 4.79 Batting Average 6.77 3.21 # of Positive Qtrs ################################ -5.3 # of Positive Qtrs Incept -3.34 # of Positive Qtrs
3/31/2008 3.37 Worst Qtr ################################## 2.19 Batting Average ################################ 5 Yr Batting Average 3.06 -4.48 Batting Average
Qtr 4 Yr Best Qtr 8 Yr 0.6 Worst Qtr 2008 2007 2006 2005 2004 2003 2002 2001 2.6 Worst Qtr 3.89 -5.5 Worst Qtr
################################# 4.02 Range 1/1/1900 6 Yr Best Qtr Returns in Up Markets 1.44 Best Qtr ################################### 4 Yr #VALUE! Best Qtr
################################# 99 Worst 4 Qtrs 1/1/1900 3.41 0.0341 Range Fund 0.75 0.0075 Range Fiscal Year Returns Ending September -3.1 -0.031 Range
1.57 6.01 Standard Deviation 1/0/1900 47 Worst 4 Qtrs R1000V 1/0/1900 Worst 4 Qtrs Fund 95 0.95 Worst 4 Qtrs
2008 64 Beta 9 Yr 3.04 0.0304 Standard Deviation Ratio -2.43 -0.0243 Standard Deviation R2000V -1.92 -0.0192 Standard Deviation
YTD 9.49 Annualized Alpha 1/2/1900 61 Beta 1 Yr 6 Yr Beta Diff 91 Beta
################################# 7.35 R-Squared 1/1/1900 6.39 Annualized Alpha 2/9/1900 3.93 Annualized Alpha 3/31/2010 4.83 Annualized Alpha
-12.7 6.39 Sharpe Ratio 0.62 4.43 R-Squared 53.6 3.24 R-Squared Qtr 0.83 R-Squared
-3.11 5.72 Treynor Ratio 10 Yr 3.31 Sharpe Ratio 76.2 2.32 Sharpe Ratio 7.12 -0.49 Sharpe Ratio
2007 4.77 Tracking Error ################################## 2.44 Treynor Ratio 6/30/2008 1.54 Treynor Ratio 1/10/1900 -1.4 Treynor Ratio
1/13/1900 5 Yr Information Ratio ################################## 0.67 Tracking Error Incept 0.08 Tracking Error ################################### -3.16 Tracking Error
13.3 16.12 Fund 2.73 7 Yr Information Ratio 40.8 7 Yr Information Ratio 2010 5 Yr Information Ratio
-0.13 5 YR FUND 14.16 0.1416 4 12/31/1997 5 YR FUND 6.24 0.0624 Fund Fund 53.6 8.2 0.082 Fund YTD 0.92 0.0092 Fund
2006 UNIVERSE 13.2 4 Incept UNIVERSE 78 5 3/16/1900   7.82 3 1/8/1900 100 6
11.07 POLICY 12.39 0.1239   62.5 1/4/1900 POLICY 6.77 0.0677 15 Returns in Down Markets   7 0.07 4 14.01 2.75 0.0275 10
1/11/1900 11.7 Batting Average -9.47 1/2/1900 61 Batting Average 45 Fund   6.14 42.86 -5.04 80 31.25
-0.74 6 Yr 7.59 2.14 11.35 -23.11 R1000V 5.06 -21.93 2009 8.2 -27.11
6/27/1905 8.92 17.06 Fiscal Year Returns Ending September 8.44 14.32 Ratio 8 Yr 14.35 ################################### 5.21 20.59
1/11/1900 6.86 -12.71 Fund 7.1 37.43 1 Yr 4.17 36.28 ################################### 3.86 47.7
13.96 5.93 9.84 R1000G 6.44 -36.45 6/30/2008 3.41 -28.18 2.69 3.44 -33.11
-2.79 5.15 Standard Deviation 0.96 Diff 4.98 Standard Deviation 15.44 Incept 2.44 22.81 2008 1.93 22.19
2004 2003 2002 2001 2000 1999 4.14 Beta -2.1   3/31/2010 8 Yr Beta 0.93 ################################ 1.91 0.88   ################################### 6 Yr 0.92
Returns in Up Markets 7 Yr Annualized Alpha 0.87 0.0087 Qtr 1.92 Annualized Alpha 0.1 0.001 ################################ 0.1 -3.82 -0.0382 ################################### 3.06 -1.34 -0.0134
Fund 8.61 R-Squared -0.6 2.7 69 R-Squared 0.98 4/3/1900 Fiscal Year Returns Ending September 0.98 ################################### 97 0.91
Policy 7.29 -6.19 4.64 1.86 0.04 ################################ Fund -0.32 2007 3.89 -0.26
Ratio 6.41 3.62 -1.94 70 0.62 ################################ Return ####### -8.26 1/12/1900 90 -6.18
1 Yr 5.65 -0.61 2010 6.04 2.68 4/3/1900 %-tile 4.58 6.08 8.51 6.9
1/6/1900 4.87 Policy YTD 3.71 -0.03 ################################ R1000V ####### -0.64 6.29 6.2 -0.17
5.1 8 Yr Policy 4 11.23 2.49 Policy R1000G 2003 2002 2001 2000 1999 Return R1000V 2006 5.47 R2000V
117.5 8.67 4 12.95 1.6 6 Returns in Up Markets %-tile ####### 3 1/9/1900 4.99 7
2 Yr 7.07 37.5 -1.72 0.28 14 Fund Universe 4 14 3.22 9
20 5.68 -8.57 2009 9 Yr 55 R1000V 5th %-tile ####### 57.14 -4.79 7 Yr 68.75
19.2 3.75 7.4 -1.97 2.04 -22.79 Ratio 25th %-tile -22.18 2005 14.26 -24.89
104.2 2.26 15.97 -1.85 54 16.32 3 Yr 50th %-tile ####### 18.24 1/12/1900 12.21 22.7
3 Yr Fiscal Year Returns Ending September -8.71 -0.12 1.42 39.11 1/15/1900 75th %-tile 40.42 1/17/1900 11.6 47.59
1/15/1900 Fund 9.52 2008 67 -38.44 16.9 95th %-tile ####### -29.03 -4.82 10.97 -38.89
17.3 Return Standard Deviation 1 ################################## 5.56 Standard Deviation 16.43 88.4 Qtr 25.76 2004 2003 2002 2001 8.84 23.13
88.2 %-tile 0 -20.88 3.39 1 4 Yr 3.94 0.0394 1 Returns in Up Markets QU. FUND 8 Yr #VALUE! 1
3/31/2004 Policy 1 3.6 2.15 0 1/13/1900 92 0 Fund UNIVERSE 8.95 0
Incept Return -0.39 2007 0.94 1 16.8 6.78 0.0678 1 R2000V POLICY 7.82 0.0782 1
1/16/1900 %-tile -3.74 19.32 -0.39 0.04 3/19/1900 9 -0.17 Ratio 6.68 -0.19
18.9 Universe 0 19.35 10 Yr 0.66 5 Yr QU. FUND 6.99 -4.32 3 Yr 6.11 0.0611 -4.51
89 5th %-tile Diff -0.03 -1.48 0 1/14/1900 UNIVERSE 6.53 0 2/10/1900 3.99 0
Returns in Down Markets 25th %-tile 0 2006 54 Diff 17.8 POLICY 6.08 Diff 46.5 Fiscal Year Returns Ending September #VALUE! Diff
Fund 50th %-tile 0 4.42 -4.21 -1 80.2 5.51 0 89.5 Fund -1
Policy 75th %-tile   25 6.03 85   1 12/31/2002 3.04 0.0304 0 4 Yr Return #VALUE! 1
Ratio 95th %-tile -0.9 -1.61 3.61 -10 Incept YTD -14.28 33.2 %-tile -37.5
1 Yr Qtr   0.19 2005 0.43   -0.32 18 9.26 0.0926 0.25 36.4 R2000V #VALUE! -2.22
-17.6 -7 1.09 12.97 -1.26 -2 20.6 94 -3.89 91.1 Return #VALUE! -2.11
################################# 7 -4 1/11/1900 -3.09 -1.68 3/27/1900 11.28 0.1128 -4.14 5 Yr %-tile #VALUE! 0.11
134.2 -8.57 0.32 1.37 -6.05 1.99 Returns in Down Markets 36 0.85 1/28/1900 Universe #VALUE! 5.78
2 Yr 46 -0.04 2004 Fiscal Year Returns Ending September -0.99 Fund 12.22 0.1222 -2.95 32.4 5th %-tile #VALUE! -0.94
-18.9 -6.78 -2.1 1/4/1900 Fund -0.07 R1000V 11.57 -0.12 88.2 25th %-tile -0.08
################################# -7.9   -0.13 1/7/1900 Return   0.1 Ratio 10.94 0.1094 -3.82 3/31/2004 50th %-tile #VALUE! -1.34
128.7 -8.75 -0.21 -3.06 %-tile -0.02 3 Yr 10.09 -0.02 Incept 75th %-tile -0.09
3 Yr -9.5   -2.45 2003 R1000G   0 -19.8 9.14 0.0914 -0.15 27.8 95th %-tile #VALUE! -0.07
-18.9 -10.48 3.62 1/20/1900 Return -0.04 -19.5 2009 -3.94 29.9 Qtr -1.67
################################# QU. FUND YTD ####### 3 Yr 1/25/1900 %-tile 2.68 101.6 -13.47 4.58 93.2 7.12 0.0712 6.9
128.7 UNIVERSE -15.81 # of Negative Qtrs -5.89 Universe 10 Yr 4 Yr 83 Incept 5 Yr Returns in Down Markets 97 5 Yr
3/31/2004 POLICY 98 0.98 # of Positive Qtrs 2002 5th %-tile # of Negative Qtrs -19.8 -10.62 # of Negative Qtrs Fund 10.02 0.1002 # of Negative Qtrs
Incept -12.7 Batting Average -17.69 25th %-tile # of Positive Qtrs -19.5 76 # of Positive Qtrs R2000V 18 # of Positive Qtrs
################################# 54 Worst Qtr ################################## QU. FUND 50th %-tile Batting Average 4/10/1900 2004 FUND -4.13 -0.0413 Batting Average Ratio 12.72 Batting Average
-12.4 -9.88 Best Qtr 4.82 UNIVERSE 75th %-tile Worst Qtr 5 Yr UNIVERSE -6.55 Worst Qtr 3 Yr 9.5 Worst Qtr
114.6 -11.53 Range 2001 POLICY 95th %-tile Best Qtr -19.8 POLICY -8.83 -0.0883 Best Qtr -38 8.99 0.0899 Best Qtr
S&P500 -12.52 Worst 4 Qtrs -33.13 Qtr Range -19.5 -10.51 Range -39.3 8.68 Range
Ratio -13.62   Standard Deviation ################################## 2.7 0.027 Worst 4 Qtrs 101.6 -19.75 Worst 4 Qtrs 96.7 7.44 0.0744 Worst 4 Qtrs
3 Yr -15.19 Beta 12.51 97 Standard Deviation 12/31/2002 2008 Standard Deviation 4 Yr YTD Standard Deviation
-40.5 2007   Annualized Alpha Returns in Up Markets 4.64 0.0464 Beta Incept -18.82 Beta -35.6 8.97 0.0897 Beta
-40.8 13.17 R-Squared Fund 52 Annualized Alpha -19 -21.47 Annualized Alpha -35.8 100 Annualized Alpha
99.2 83 Sharpe Ratio R1000G 6.48 R-Squared -19.3 -24.82   R-Squared 99.4 14.01 0.1401 R-Squared
5 Yr 13.3 Treynor Ratio Ratio 5.35 Sharpe Ratio 4/7/1900 -28.9 Sharpe Ratio 5 Yr 18 Sharpe Ratio
-31 82 Tracking Error 3 Yr 4.7 Treynor Ratio 2003 FUND -33.85 -0.3385 Treynor Ratio -35.6 15.69 Treynor Ratio
-30.9 20.14 Information Ratio 31.7 3.87 Tracking Error UNIVERSE 2007 Tracking Error -35.8 13.63 Tracking Error
100.2 16.71   Fund 2/3/1900 2.82   Information Ratio POLICY 20.22 0.2022 Information Ratio 99.4 12.82 Information Ratio
6 Yr 15.09 4 3/30/1900 YTD Fund 16.74 Fund 3/31/2004 11.68 Fund
-30.8 13.63   8 5 Yr 11.23 0.1123 15 14.93 8 Incept 10.62 6
-31.3 11.48 50 1/21/1900 59 25 13.18   12 -33 2009 14
98.5 2003 FUND 2006 20.06 -9.47 1/24/1900 12.95 0.1295 47.5 11.34   Batting Average 35 -33.5 -9.92 35
12/31/1997 UNIVERSE 11.07 7.59 3/27/1900 19 -23.11 2006 -8.13 98.6 68 -27.11
Incept POLICY 44 0.44 17.06 10 Yr 14.17 14.32 15.25   14.81 -12.61 20.59
-30.8 11.81 -12.71 24.1 12.64 37.43 13.68 22.94 96 47.7
-31.3 28 9.18 28.3 2004 FUND 11.78 0.1178 -36.45 2002 FUND 12.46   -23.7 1.09 -33.11
4/7/1900 13.63 0.91 3/25/1900 UNIVERSE 10.46 17.21 UNIVERSE 11.83 Standard Deviation 9.85 -5.83 21.04
11.93   -2.35 12/31/1997 POLICY 8.51 0.0851 0.82   NA 10.52   Beta 0.88 -8.02 0.92
10.71 0.87 0.0087 Incept 2009 1.76 0.0176 2005 Annualized Alpha -1.57 -0.0157 -10.39 -1.56 -0.0156
8.99   -0.19 30.6 -1.97 0.95 26.74   R-Squared 0.87 -12.52 0.91
6.6 -1.9 2/3/1900 36 -0.24 16.73 0.15 2008 -0.09
2002 FUND 2005 20.05 3.47 87.5 -1.85   -5.1 13.08 1.72 -15.78 -2
UNIVERSE 11.17 -0.86 Returns in Down Markets 35 5.3 10.5 3.72 80 6.39
POLICY 95 0.95 Policy Fund 4.41   0.52 7.03 -0.68 -12.25 -0.29
13.96 4 R1000G -0.61 R1000G 2004 Policy R1000V 29 R2000V
66 8 Ratio 2003 FUND -3.27 -0.0327 17   22.75   5 -8.19 7
22.41 50 3 Yr UNIVERSE -5.87 23   18.8 15 -11.35 13
17.21   -8.57 -31.2 POLICY -9.98 -0.0998 52.5   16.25   65 -14.45 65
14.97 7.4 -35.5 2008 -22.79 12.42 -8.72 -14.96 -24.89
13.26   15.97 88 -17.28 16.32 7.19 14.19 -17.49 22.7
11.01 -8.71 5 Yr 10 39.11 2003 22.91 2007 47.59
2001 FUND 2004 20.04 9.37 ################################## -20.88   -45.64   29.19 -23.56 12.37 -38.89
UNIVERSE 23.62 1 ################################## 32 20.5   24.16 Standard Deviation 10.43 55 21.75
POLICY 19.76 0.1976 0 3/28/1900 -15.25   1   20.71 1 6.08 1
17.24 1 10 Yr -20.07 0 16.94 0 100 0
15.21 0.13 -27.9 2002 FUND -22.53 -0.2253 1 11.52   1 23.98 1
12.19 1.25 -35.5 UNIVERSE -25.72 -0.34 2002 0.39 15.39 0
2003   0 78.7 POLICY -29.44 -0.2944 -6.91 -2.55   4.03 12.62 -0.01
27.84 Diff 12/31/1997 2007 0 -11.88 0 9.91 0
25.03   0 Incept 19.32 Diff -17.2 Diff 7.04 Diff
23.22 0 -27 46 -2 -20.77 3 2006 -1
2000 FUND 20.96 0.2096 0 -34.3 19.35   2 -27.68 -3 9.21 1
UNIVERSE 18.02 -0.9 78.7 46 -5 18.97 -30 55 -30
POLICY 2002 20.02 0.19 27.74   -0.32 16.22 0.59 14 -2.22
-5.31 1.09 21.53 -2 13.84 0.62 1 -2.11
-10.93 -4 2001 FUND 18.79 0.1879 -1.68 13.19 0.03 13.25 0.11
-13.63 -0.19 UNIVERSE 15.69 9.19 2003 -0.14 11.5 5.78
-15.7   -0.09 POLICY 10.15 0.1015 -3.29 29.45 -0.58 9.78 -0.71
-18.62 -2.35 2006 -0.18 24.5 -0.12 6.28 -0.08
2001   -0.13 4.42 1.76 23.64 -1.57 -2.91 -1.56
4.41 -0.32 65 -0.05 20.59 -0.13 2005 -0.09
1999 FUND -3.06 -0.0306 -3.15 6.03   0.1 16.24 -0.24 12.93 -0.09
UNIVERSE -8.63 3.47 49 1.81 2002 -2.31 91 -1.99
POLICY -15.13 -0.1513 Incept 11.56   5.3 -8.3 3.72 17.75 6.39
-20.75 # of Negative Qtrs 8.5 Incept -14.37 Incept 71 Incept
2000 # of Positive Qtrs 2000 FUND 5.96 0.0596 # of Negative Qtrs -17.9 # of Negative Qtrs 24.63 # of Negative Qtrs
22.04 Batting Average UNIVERSE 3.16 # of Positive Qtrs -20.69 # of Positive Qtrs 21.81 # of Positive Qtrs
15.71 Worst Qtr POLICY -3.37 -0.0337 Batting Average -22.62 Batting Average 20.3 Batting Average
11.94 Best Qtr 2005 Worst Qtr 2001 Worst Qtr 16.98 Worst Qtr
7.53 Range 12.97 Best Qtr 7.8 Best Qtr 11.37 Best Qtr
2.05 Worst 4 Qtrs 63 Range -2.53 Range 2004 Range
1998 FUND 30.71 Standard Deviation 11.6 Worst 4 Qtrs -10.48 Worst 4 Qtrs 33.25 Worst 4 Qtrs
UNIVERSE 16 Beta 74 Standard Deviation -26.59 Standard Deviation 24.88 Standard Deviation
POLICY 28.58 Annualized Alpha 26.56 Beta -27.09 Beta 22.79 Beta
25 R-Squared 18.97 Annualized Alpha 2000 Annualized Alpha 19.56 Annualized Alpha
35.85 Sharpe Ratio 14.4 R-Squared 26.23 R-Squared 13.41 R-Squared
28.5 Treynor Ratio 11.48 Sharpe Ratio 16.75 Sharpe Ratio 2003 Sharpe Ratio
25.14 Tracking Error 7.67 Treynor Ratio 12.87 Treynor Ratio 36.11 Treynor Ratio
17.48 Information Ratio 2004 Tracking Error 7.17 Tracking Error 29.71 Tracking Error
7.55 Fund 4.45 Information Ratio 1.36 Information Ratio 26.15 Information Ratio
1997 6 88 Fund Fund 22.71 Fund
36.26 10 7.51 17 9 14.77 8
32.81 43.75 63 32 14 2002 16
30.27 -9.47 17.89 46.94 43.48 9.49 37.5
25.81 9.74 11.72 -23.11 -8.13 2.65 -27.11
15.95 19.21 8.74 21.83 17.8 -2.41 20.59
1996 -12.71 6.26 44.94 25.93 -6.84 47.7
28.82 8.97 2.04 -36.45 -23.7 -14.06 -33.11
23.34 0.89 2003 18.34 10.39 20.09
21.69 -1.22 20.02 0.81 0.9 0.92
18.67 0.86 63 2.19 -0.71 -0.0071 -0.43 -0.0043
13.52 0.05 25.91 0.96 0.88 0.89
0.53 19 0.06 0.4 0.02
3.51 34.24 1.37 4.58 0.53
-0.57 24.4 5.54 3.78 6.87
Policy 21.58 0.39 -0.43 -0.12
6 18.63 R1000G R1000V R2000V
10 13.1 19 6 8
56.25 2002 30 17 16
-8.57 -17.69 53.06 56.52 62.5
10.43 19 -22.79 -8.72 -24.89
19 -22.51 26.74 17.27 22.7
-8.71 60 49.53 25.99 47.59
9.37 -12.54 -45.64 -23.56 -38.89
1 -18.67 22.04 10.79 20.66
0 -21.5 1 1 1
1 -24.59 0 0 0
0.26 -30.7 1 1 1
2.46 -0.05 0.53 0.06
0 -1.03 5.76 1.32
Diff 0 0 0
0 Diff Diff Diff
0 -2 3 0
-12.5 2 -3 0
-0.9 -6.12 -13.04 -25
-0.69 -0.32 0.59 -2.22
0.21 -4.91 0.53 -2.11
-4 -4.59 -0.06 0.11
-0.4 9.19 -0.14 5.78
-0.11 -3.7 -0.4 -0.57
-1.22 -0.19 -0.1 -0.08
-0.14 2.19 -0.71 -0.43
-0.21 -0.04 -0.12 -0.11
-1.93 0.11 -0.13 -0.04
3.51 2.4 -1.18 -0.79
3.51 5.54 3.78 6.87