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+) Total Fund DHJ Total (Excluding FI A+) Total Fund DHJ Total (Excluding FI A+)
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 19 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 June 30, 2007 Batting Average
Returns are net of fees. Incept is December 31, 1997 to June 30, 2007 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2007 Batting Average Returns are gross of fees. Incept is December 31, 1997 to June 30, 2007 Batting Average Account Reconciliation Trailing Returns through June 30, 2007 Worst Qtr
Account Reconciliation Trailing Returns through June 30, 2007 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2007 Worst Qtr Account Reconciliation Trailing Returns through June 30, 2007 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 6/30/2007 Return Beta
6/30/2007 Return Beta 6/30/2007 Return Beta 6/30/2007 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 16,797 Universe R-Squared
50,361 Universe R-Squared 31,002 Universe R-Squared 18,032 Universe R-Squared 146 5th %-tile Sharpe Ratio
303 5th %-tile Sharpe Ratio -21 5th %-tile Sharpe Ratio 383 5th %-tile Sharpe Ratio 316 25th %-tile Treynor Ratio
1,843 25th %-tile Treynor Ratio 1,954 25th %-tile Treynor Ratio -67 25th %-tile Treynor Ratio 17,259 50th %-tile Tracking Error
52,507 50th %-tile Tracking Error 32,934 50th %-tile Tracking Error 18,348 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 3
47,765 3 Qtrs 3 28,972   3 Qtrs   3 16,893   3 Qtrs   5 -5,229 6.46 9
138 9.72   9 -342   15.03   9 1,030   2.38 7 1,225 92   33.33
4,604 57 41.67 4,304   47   41.67 425   37   41.67 17,259 8.82 -2.32
52,507 9.19   -1.7 32,934 13.98   -3.08 18,348 2.22 -0.44 35,795 15   6.49
12/31/1997 73 6.82 12/31/1997 77 10.79 12/31/1997 41 3.42 Incept 9.41 8.81
Incept 13.09 8.52 Incept 18.66 13.87 Incept 7.84 3.86 15,998 8.49 3.12
15,998 11.12 3.58 10,999 15.98 4.95 4,811 3.06 -0.36 -10,322 7.9 4.83
14,936 9.94 4.97 7,926 14.93 8.07 5,541 1.85 2.55 11,583 7.35 1.07
21,572 9.12 1.02 14,009     14.05 1 7,995     1.03 0.89 17,259  17,259,000 6.21 -2.86
52,507  52,507,000 8.12 -1.22 32,934   32,934,000 12.49 -1.02 18,348   18,348,000 0.35 0.38 Investment Policy     1 Yr 0.78
Investment Policy 1 Yr 0.9 Investment Policy 1 Yr 0.93 Investment Policy 1 Yr 0.99 Index 9.15 0.0915 0.36
Index 13.15 0.1315 0.84 Index 18.94 0.1894 0.92 Index 5.89 0.0589 0.11 S&P 500 87 1.64
S&P 500 77 4.11 S&P 500 69 7.43 Lehman Aggregate Bond 29 0.3 Lehman Gov/Credit-Intermediate 13.77 0.1377 2.31
Lehman Aggregate Bond 14.23 0.1423 1.54 Russell 2000 Value 19.84 0.1984 2.12 Total 6.11 0.0611 0.4 Total 5 -1.1
Russell 2000 Value 45 -0.72 Total 46 -0.55 Weight 25 -0.07 Weight 13.74 Policy
Total 17.52 Policy Weight 23.98 Policy 100 11.41 LBAB 55 12.45 2
Weight 15.17 2 83.3 21 3 100 6.08 5 45 11.57 10
50 14.02 10 16.7 19.7 9 Trailing Returns through June 30, 2007 4.98 7 100 10.44 66.67
40 13.22 58.33 100 18.62 58.33 Fund 4.17 58.33 Trailing Returns through June 30, 2007 8.43 -1.56
10 11.91 -1.64 Trailing Returns through June 30, 2007 16.36 -2.45 LBAB 3.36 -0.68 Fund 2 Yr 5.22
100 2 Yr 6.28 Fund   2 Yr 9.9 Diff   2 Yr   3.81 Policy 1 Yr FUND 6.09 0.0609 6.78
Trailing Returns through June 30, 2007 1 Yr FUND 8.69   7.92 Policy 1 Yr FUND 13.05   12.35 1 Yr 1 Yr FUND 2.72 0.0272 4.49 Diff UNIVERSE 90   3.48
Fund UNIVERSE 93 4.02 Diff UNIVERSE 89 4.91 5.89 UNIVERSE 48 -0.81 1 Yr POLICY 9.11 0.0911 3.97
Policy POLICY 9.74   4.61 1 Yr POLICY 14.63   7.79 6.11 POLICY 2.59 0.0259 2.83 9.15 5   1
Diff 61 1 18.94 52 1 -0.22 52 1 13.77 9.06 0
1 Yr 12.85 0 19.84 17.53 0 2 Yr 8.59 0 -4.62 7.82 1
13.15 10.88 1 -0.9 15.51 1 2.72 3.98 1 2 Yr 7.15 1.08
14.23 9.99 1.15 2 Yr 14.7 1.1 2.59 2.63 0.11 6.09 6.64 4.29
-1.08 9.37 5.3 13.05 13.83 8.59 0.13 2.12 0.3 9.11 5.75 0
2 Yr 8.32 0 14.63 11.91 0 3 Yr 1.41 0 -3.02 3 Yr Diff
8.69 3 Yr Diff -1.58 3 Yr Diff 1/3/1900 3 Yr Diff 3 Yr 5.44 0.0544 1
9.74 7.87 0.0787 1 3 Yr 11.11 0.1111   0 3.98 3.95 0.0395 0 5.44 85   -1
-1.05 90 -1 11.11 86   0 -0.03 49 0 7.97 7.97 0.0797 -33.34
3 Yr 8.98 0.0898 -16.66 12.27 12.27 0.1227   -16.66 4 Yr 3.98 0.0398 -16.66 -2.53 9   -0.76
7.87 55 -0.06 ################################## 55 -0.63 1/2/1900 48 0.24 4 Yr 8.26 1.27
8.98 11.7 0.54 4 Yr 15.7 0.89 3.05 8.71 -0.39 5.76 7 2.03
-1.11 10.09 0.6 13.46 13.37 1.52 -0.08 4.97 -0.63 1/8/1900 6.4 -0.36
4 Yr 9.14 -0.44 14.49 12.4 0.04 5 Yr 3.88 0.45 -2.77 5.81 0.86
8.58 8.48 0.36 -1.03 11.62 0.28 4.63 3.23 -0.28 5 Yr 4.98 0.07
9.89 7.3 0.02 5 Yr 9.52 0 1/4/1900 2.4 -0.11 5.53 4 Yr -2.86
-1.31 4 Yr -1.22 10.23 4 Yr -1.02 -0.12 4 Yr 0.38 8.31 3 YR FUND 5.76 0.0576 -0.22
5 Yr 3 YR FUND 8.58 -0.1 11.25 3 YR FUND 13.46 -0.07 6 Yr 3 YR FUND 2.97 0.0297 -0.01 -2.78 UNIVERSE 91   -0.72
7.59 UNIVERSE 93 -0.31 -1.02 UNIVERSE 83 -0.18 1/5/1900 UNIVERSE 54 0 6 Yr POLICY 8.53 0.0853 -2.65
8.72 POLICY 9.89 -1.19 6 Yr POLICY 14.49 -1.16 1/5/1900 POLICY 3.05 0.0305 0 3.64 9   2.31
-1.13 61 1.54 1/5/1900 54 2.12 0.02 51 0.4 1/5/1900 9.32 5 Yr 5 Yr
6 Yr 12.62 5 Yr 5 Yr 6.06 17.88 5 Yr 5 Yr 7 Yr 9.33 5 Yr 5 Yr ################################ 7.51 # of Negative Qtrs
1/5/1900 11.08 # of Negative Qtrs -0.68 15.59 # of Negative Qtrs 1/6/1900 4.21 # of Negative Qtrs 7 Yr 7.02 # of Positive Qtrs
5.96 10.22 # of Positive Qtrs 7 Yr 14.63 # of Positive Qtrs 6.12 3.06 # of Positive Qtrs 2.08 6.4 Batting Average
-0.64 9.48 Batting Average 1/2/1900 13.72 Batting Average 0.05 2.43 Batting Average 1/4/1900 5.48 Worst Qtr
7 Yr 8.33 Worst Qtr 2.54 11.86 Worst Qtr 8 Yr 1.72 Worst Qtr -2.63 5 Yr Best Qtr
1/3/1900 5 Yr Best Qtr ################################## 5 Yr Best Qtr 1/5/1900 5 Yr Best Qtr 8 Yr 5.53 0.0553 Range
4.2 7.59 0.0759 Range 8 Yr 10.23 0.1023 Range 1/5/1900 4.63 0.0463 Range 1/3/1900 83 Worst 4 Qtrs
-0.31 83 Worst 4 Qtrs 1/2/1900 77 Worst 4 Qtrs 0.03 35 Worst 4 Qtrs 1/5/1900 8.31 0.0831 Standard Deviation
8 Yr 8.72 0.0872 Standard Deviation 1/3/1900 11.25 0.1125 Standard Deviation 9 Yr 4.75 0.0475 Standard Deviation ################################ 8 Beta
1/3/1900 42 Beta -1.01 47 Beta 1/5/1900 31 Beta 9 Yr 8.62 Annualized Alpha
1/4/1900 11.18 Annualized Alpha 9 Yr 14.21 Annualized Alpha 1/5/1900 10.77 Annualized Alpha 1/5/1900 7.12 R-Squared
-0.54 9.47 R-Squared 1/3/1900 12.2 R-Squared 0.11 5.2 R-Squared 5.49 6.49 Sharpe Ratio
9 Yr 8.48 Sharpe Ratio 1/5/1900 11.13 Sharpe Ratio 10 Yr 4.13 Sharpe Ratio ################################ 5.85 Treynor Ratio
1/5/1900 7.83 Treynor Ratio -1.14 10.34 Treynor Ratio 12/31/1997 3.39 Treynor Ratio 10 Yr 5.05 Tracking Error
1/5/1900 7.03 Tracking Error 10 Yr 9.03 Tracking Error Incept 2.44 Tracking Error 12/31/1997 6 Yr Information Ratio
-0.52 6 Yr Information Ratio 12/31/1997 6 Yr Information Ratio 1/5/1900 6 Yr Information Ratio Incept 5 YR FUND 3.64 0.0364 Fund
10 Yr 5 YR FUND 5.32 Fund Incept 5 YR FUND 5.38 Fund 5.7 5 YR FUND 5.34 0.0534 Fund 1/6/1900 UNIVERSE 59   6
12/31/1997 UNIVERSE 64 6 5.63 UNIVERSE 69 5 0.1 UNIVERSE 24 7 6.07 POLICY 5.92 0.0592 14
Incept POLICY 5.96 14 6.61 POLICY 6.06 15 Fiscal Year Returns Ending September POLICY 5.32 0.0532 13 1/0/1900 4   Batting Average 35
6.19 41 Batting Average 35 ################################## 51 Batting Average 35 Fund 25 Batting Average 40 Fiscal Year Returns Ending September 5.74 -5.61
6.53 7.99 -7.44 Fiscal Year Returns Ending September 9.71 -17.97 LBAB 8.61 -2.27 Fund 4.69 6.85
-0.34 6.61 8.62 Fund 7.51 14.93 Diff 5.23 5.39 Policy 3.9 12.46
Fiscal Year Returns Ending September 5.67 16.06 Policy 6.12 32.9 6/30/2007 4.49 7.66 Diff 3.19 2.13
Fund 5.04 3.58 Diff 5.13 -1.8 Qtr 3.87 -0.36 6/30/2007 2.08 Standard Deviation 5.81
Policy 3.92 Standard Deviation 6.92 6/30/2007 3.26 Standard Deviation 13.53   ################################## 2.88 Standard Deviation 3.48 Qtr 7 Yr Beta 0.83
Diff 7 Yr Beta 0.84 Qtr 7 Yr Beta 0.98   -0.52 7 Yr Beta 0.92   1.89 2.08 Annualized Alpha -1.24 -0.0124
6/30/2007 3.89 Annualized Alpha 0.22 0.0022 6.31 2.18 Annualized Alpha -0.71 -0.0071 0.14 6.17 Annualized Alpha 0.24 0.0024 3.38 43 R-Squared 0.87  
Qtr 53 R-Squared 0.96 5.61 68 R-Squared 0.98 2007 18 R-Squared 0.99 ################################ 4.71 0.49
3.66 4.2 0.71 1/0/1900 2.54 0.56 YTD 6.12 0.56 2007 8 3.45
3.15 46 5.86 6/29/1905 60 7.71 1/2/1900 19 2.13 YTD 5.11 2.39
0.51 7.9 1.83 YTD 9.51 1.85 2.22 7.63 0.43 6.46 2.71 -1.16
2007.00 5.67 -0.62 15.03 5.93 -0.55 0.16 5.78 -0.28 1/8/1900 1.88 Policy Policy
YTD 3.96 Policy Policy 13.98 2.99 Policy Policy 2006 5.14 Policy LBAB -2.36 0.87 5
9.72 3.23 5 1.05 1.91 5 3.48 4.53 7 2006 -1.01 15
9.19 1.65 15 2006 -0.68 15 1/3/1900 3.44 13 3.73 8 Yr 65
0.53 8 Yr 65 9.02 8 Yr 65 -0.19 8 Yr 60 7.52 3.39 -6.08
2006 3.87 -9.11 11.36 2.03 -17.68 2005 5.93 -2.44 -3.79 38 9.59
6.57 65 10.54 -2.34 89 16.08 2.95 15 5.88 2005 5.06 15.67
8.28 4.41 19.65 2005 3.04 33.76 2.8 5.9 8.32 8.2 7 3.48
-1.71 48 4.02 12.84 62 -0.8 0.15 16 -0.81 7.39 5.87 Standard Deviation 6.56
2005 6.69 Standard Deviation 8.05 13.21 7.62 Standard Deviation 13.71 2004 7.07 Standard Deviation 3.76 0.81 3.79 1
8.42 5.28 1 -0.37 5.13 1 3.36 5.35 1 2004 3.06 0
9.06 4.29 0 2004 3.56 0 3.68 4.78 0 3.06 2.42 1
-0.64 3.59 1 12.55 2.55 1 -0.32 4.27 1 8.81 0.85 0.86
2004 2.46 0.75 15.46 0.85 0.63 2003 3.44 0.55 -5.75 9 Yr 5.64
7.44 9 Yr 6.05 -2.91 9 Yr 8.58 5.52 9 Yr 2.08 2003 5.08 0
10.73 5.02 0 6/25/1905 3.93 0 1/5/1900 5.65 0 12.61 9 Diff
-3.29 54 Diff 24.55 88 Diff 0.08 10 Diff 16.1 5.49 1
6/25/1905 5.54 1 24.8 5.07 0 2002 5.54 0 ################################ 7 -1
14.37 33   -1 -0.25 55   0 9.39 11   0 2002 6.02   -30
17.04 7.01 -30 2002 8.26 -30 9.11 6.14 -20 -5.61 4.28 0.47
-2.67 5.78   1.67 -19.84 6.29   -0.29 0.28 4.92   0.17 -6.21 3.63   -2.74
2002 5.09 -1.92 -19.57 5.22 -1.15 2001 4.45 -0.49 0.6 2.97 -3.21
-7.32 4.55 -3.59 -0.27 4.51 -0.86 1/13/1900 3.99 -0.66 2001 1.48 -1.35
-8.77 3.45 -0.44 2001 2.67 -1 13.41 3.28 0.45 -13.1 Fiscal Year Returns Ending September -0.75
1.45 Fiscal Year Returns Ending September -1.13 ################################## Fiscal Year Returns Ending September -0.18 0.07 Fiscal Year Returns Ending September -0.28 ################################ Fund -0.17
2001 Fund -0.16 -26.85 Fund -0.02 2000 Fund -0.08 -4.91 Return -1.24
############################## Return   0.22 0.85 Return   -0.71 1/6/1900 Return   0.24 6/22/1905 %-tile   -0.13
-12.48 %-tile -0.04 2000 %-tile -0.02 6.72 %-tile -0.01 17.54 Policy -0.37
2.49 Policy   -0.04 1/8/1900 Policy   -0.07 -0.15 LBAB   0.01 1/10/1900 Return   -2.19
2000 Return -0.19 11.3 Return -0.87 1999 Return 0.05 7.25 %-tile 2.39
1/9/1900 %-tile 1.83 -2.99 QU. FUND %-tile 1.85 ################################## %-tile 0.43 6/21/1905 Universe   9 Yr
9.76 Universe 9 Yr 1999 UNIVERSE Universe 9 Yr -1.48 Universe 9 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 1.89 0.0189 Worst 4 Qtrs
Returns in Up Markets 3.66 0.0366 Worst 4 Qtrs Policy 6.31 0.0631 Worst 4 Qtrs 3 Yr -0.38 -0.0038 Worst 4 Qtrs Ratio 100 Standard Deviation
Fund 49 Standard Deviation Ratio 44 Standard Deviation 7.9 41 Standard Deviation 3 Yr 3.38 0.0338 Beta
Policy 3.15 0.0315 Beta 3 Yr 5.61 0.0561 Beta 8.4 -0.52 -0.0052 Beta 1/8/1900 31   Annualized Alpha
Ratio 85 Annualized Alpha 18.7 84 Annualized Alpha 93.9 51 Annualized Alpha 10.6 3.9 R-Squared
3 Yr 5.2 R-Squared 19.7 8.08 R-Squared 5 Yr 1.33 R-Squared 79.3 3.48 Sharpe Ratio
10.8 4.1 Sharpe Ratio 95 6.78 Sharpe Ratio 1/8/1900 0.12 Sharpe Ratio 5 Yr 3.15 Treynor Ratio
12.1 3.63 Treynor Ratio 5 Yr 6.21 Treynor Ratio 9.1 -0.52 Treynor Ratio 10.5 2.84 Tracking Error
89.2 3.29 Tracking Error 1/23/1900 5.81 Tracking Error 95.1 -0.76 Tracking Error 1/14/1900 2.28 Information Ratio
5 Yr 2.73   Information Ratio 24.6 4.97   Information Ratio 9 Yr -1.18   Information Ratio 74.7 YTD   Fund
1/13/1900 YTD Fund 95.4 YTD Fund 1/9/1900 YTD Fund 9 Yr 6.46 13
16.1 9.72   13 9 Yr 15.03 13 9.9 2.38   11 14.3 92   23
85.8 57 23 1/26/1900 47 23 98.4 37 25 1/13/1900 8.82 44.44
9 Yr 9.19 50 28.4 13.98 38.89 12/31/1997 2.22 50 105.1 15   -7.29
1/15/1900 73 -7.44 92.9 77 -17.97 Incept 41 -2.27 12/31/1997 9.41 14.62
17.7 13.09 12.53 12/31/1997 18.66   19.75 9.7 7.84 5.39 Incept 8.49   21.91
89.1 11.12 19.97 Incept 15.98 37.72 9.8 3.06 7.66 1/15/1900 2004 FUND 7.9 0.079 -13.1
12/31/1997 2004 FUND 9.94 0.0994 -9.99 27.5 2004 FUND 14.93 0.1493 -26 98.4 2004 FUND 1.85 0.0185 -1.19 13.9 UNIVERSE 7.35 8.84
Incept UNIVERSE 9.12 8.46 1/29/1900 UNIVERSE 14.05 16.14 Returns in Down Markets UNIVERSE 1.03 3.85 114 POLICY 6.21 0.0621 1.1
16.8 POLICY 8.12 0.0812 0.88 4/3/1900 POLICY 12.49 0.1249 0.94 Fund POLICY 0.35 0.0035 0.95 Returns in Down Markets 2006   -0.84
1/18/1900 2006 0.11 0.0011 Returns in Down Markets 2006 -0.8   LBAB 2006 0.37 0.0037 Fund 3.73 0.77 0.0077
3/31/1900 6.57   0.97 Fund 9.02 0.97 Ratio 3.48 0.98 Policy 70   0.18
Returns in Down Markets 81 0.18 Policy 72 0.03 3 Yr 63 0.56 Ratio 7.52 1.45
Fund 8.28 1.74 Ratio   11.36   0.47 -1.3 3.67   2.27 3 Yr 8   4.3
Policy 29 1.93 3 Yr   20 3.19 -1.9 54 0.56 ################################ 7.9 -0.1
Ratio 10.27 -0.27 -6.7   13.92   -0.36 69.5 7.62   0.2 -2.2 5.49   Policy
3 Yr 8.41 Policy -5.5 11.05 Policy 5 Yr 4.69 LBAB 190.6 2003 FUND 4.56 0.0456 12
-2.8 2003 FUND 7.63 0.0763 13 121.3 2003 FUND 10.16 0.1016 13 -2.4 2003 FUND 3.76 0.0376 12 5 Yr UNIVERSE 3.44 24
-2.6 UNIVERSE 6.84 23 5 Yr UNIVERSE 8.84 23 -2.8 UNIVERSE 3.21 24 -8.1 POLICY 0.87 0.0087 55.56
105.7 POLICY 5.1 0.051 50 -21.6 POLICY 5.92 0.0592 61.11 85.1 POLICY 2.3 0.023 50 -7.3 2005   -6.08
5 Yr 2005 -9.11 -20.8 2005 -17.68 9 Yr 2005 -2.44 110.8 8.2 9.59
-9.1 8.42   12.55 103.7 12.84 21.3 -2.1 2.95 5.88 9 Yr 45   15.67
-10.7 84 21.66 9 Yr 74 38.98 -2.7 36 8.32 -11.2 7.39 -8.19
84.7 9.06 -12.48 -26.5 13.21   -26.85 77.7 2.8   -2.05 -9.1 66   7.03
9 Yr 70 9.44 -26.3 67 16.96 12/31/1997 40 4 123.8 11.56 1
-11.6 13.13 1 100.5 18.79   1 Incept 7.26   1 12/31/1997 9.07   0
-12.9 11.19 0 12/31/1997 15.95 0 -2.1 3.57 0 Incept 2002 FUND 8.01 0.0801 1
89.5 2002 FUND 9.97 0.0997 1 Incept 2002 FUND 14.01 0.1401 1 -2.7 2002 FUND 2.54 0.0254 1 -11.2 UNIVERSE 6.99 0.28
12/31/1997 UNIVERSE 8.85 0.22 -26.5 UNIVERSE 12.6 0.09 77.7 UNIVERSE 1.72 0.51 -9.1 POLICY 4.55 0.0455 2
Incept POLICY 7.23 0.0723 2.05 -26.3 POLICY 10.12 0.1012 1.58 POLICY 0.86 0.0086 2.05 123.8 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 98   1
89.5 95 0 85 0 45 -1 8.81 -1
10.73 0 15.46   0 3.68   1 9   -11.12
55 0 51 -22.22 38 0 10.49 -1.21
14.86 1.67 21.03   -0.29 12.2   0.17 7.3   5.03
12.54 -0.02 17.36 -1.55 4.61 -0.49 2001 FUND 6.05 0.0605 6.24
2001 FUND 10.95 0.1095 -1.69 2001 FUND 15.49 0.1549 -1.26 2001 FUND 3.13 0.0313 -0.66 UNIVERSE 5.11 -4.91
UNIVERSE 9.74 2.49 UNIVERSE 13.72 0.85 UNIVERSE 1.77 0.86 POLICY 3.9 0.039 1.81
POLICY 7.34 0.0734 -0.98 POLICY 10 0.1 -0.82 POLICY 0.72 0.0072 -0.15 2003   0.1
2003 -0.12 2003 -0.06 2003 -0.05 12.61 -0.84
14.37   0.11 24.55 -0.8 5.52 0.37 59   -0.23
82 -0.03 35 -0.03 41 -0.02 16.1 -0.1
17.04 -0.04 24.8   -0.06 5.44   0.05 19   -0.55
35 -0.31 32 -1.11 42 0.22 19.59 4.3
25.11 1.93 29.33   3.19 26.81   0.56 15.18   Incept
18.29 Incept 25.4 Incept 7.58 Incept 2000 FUND 13.1 0.131 # of Negative Qtrs
2000 FUND 16.15 0.1615 # of Negative Qtrs 2000 FUND 23.6 0.236 # of Negative Qtrs 2000 FUND 4.69 0.0469 # of Negative Qtrs UNIVERSE 11.58 # of Positive Qtrs
UNIVERSE 14.75 # of Positive Qtrs UNIVERSE 21.88 # of Positive Qtrs UNIVERSE 2.87 # of Positive Qtrs POLICY 8.47 0.0847 Batting Average
POLICY 13.08 0.1308 Batting Average POLICY 19.32 0.1932 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 27 Range
34 Range 80 Range 9 Range -6.21 Worst 4 Qtrs
-8.77 Worst 4 Qtrs -19.57 Worst 4 Qtrs 9.11 Worst 4 Qtrs 37 Standard Deviation
62 Standard Deviation 75 Standard Deviation 10 Standard Deviation -3.55 Beta
-3.58 Beta -10.54 Beta 10.2 Beta -5.54 Annualized Alpha
-6.67 Annualized Alpha -15.45 Annualized Alpha 7.74 Annualized Alpha -7.27 R-Squared
-8.26 R-Squared -17.79 R-Squared 6.13 R-Squared -9.01 Sharpe Ratio
-9.58 Sharpe Ratio -19.61 Sharpe Ratio 4.06 Sharpe Ratio -12.91 Treynor Ratio
-12.7 Treynor Ratio -21.52 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 42 Fund
36 Fund 51 Fund 9 Fund -8.19 13
-12.48 13 -26.85 13 13.41 11 18 25
58 25 58 25 10 27 -3.14 47.37
1.09 52.63 -2.84 42.11 13.98 50 -10.04 -7.29
-7.4 -7.44 -16.87 -17.97 12.52 -2.27 -14.18 14.62
-11.75 12.53 -25.91 19.75 11.24 5.39 -20.38 21.91
-14.36 19.97 -28.75 37.72 9.07 7.66 -27.41 -13.1
-21.36 -9.99 -37.25   -26 -11.92 -1.19 2000 9.14
2000 8.71 2000 16.25 2000 3.76 17.54 1.15
9.62 0.9 8.31   0.94 6.57 0.95 39 -0.34
52 0.29 85 -0.58 24 0.37 10.29 0.76
9.76 0.96 11.3 0.97 6.72 0.98 75 0.32
50 0.3 65 0.13 20 0.59 46.9 2.53
22.05 2.9 32.99   2.18 7.97 2.34 21.15 4.55
13.15 1.92 18.18 3.14 6.53 0.55 15.87 0.09
9.75 -0.18 12.93   -0.31 5.96 0.18 10.28 Policy
7.56 Policy 10.46 Policy 5.16 LBAB 4.78 12
2.38 13 1.44 13 -0.46 12 1999 26
1999 25 1999 25 1999 26 19.87 52.63
13.24 47.37 20.9 57.89 -1.1 50 3 -6.08
73 -9.11 77 -17.68 68 -2.44 6.77 9.59
15.47 12.55 27.81 21.3 -1.48 5.88 90 15.67
56 21.66 35 38.98 72 8.32 18.4 -8.19
23.35 -12.48 38.21 -26.85 7.11 -2.05 12.28 6.97
18.12 9.51 29.78 16.98 2.41 3.92 9.98 1
15.93 1 27.24 1 0.41 1 7.92 0
12.18 0 21.91 0 -1.8 0 5.61 1
5.1 1 10.1 1 -4.55 1 0.36
0.31 0.18 0.54 2.49
2.95 3.03 2.12 0
0 0 0 Diff
Diff Diff Diff 1
0 0 -1 -1
0 0 1 -5.26
5.26 -15.78 0 -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 2.17
-0.8 -0.73 -0.16 0.15
-0.1 -0.06 -0.05 -0.34
0.29 -0.58 0.37 -0.24
-0.04 -0.03 -0.02 -0.04
-0.01 -0.05 0.05 0.04
-0.05 -0.85 0.22 4.55
1.92 3.14 0.55 5.08