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%BLCC 20%BLCVC 10%BSCVC,10%BSC,25%IFI15%BFI 21 24 33.33BLCGC,33.33LBCVC,16.67%BSCVC,16.67%BSC 26 29 62.5% Intermediate FI, 37.5% Broad FI 31 Inception date is December 31, 1997 33.33% Broad LC Growth Core Eq., 66.67% IFI 3 Yr
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 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 September 30, 2008 Batting Average
Returns are net of fees. Incept is December 31, 1997 to September 30, 2008 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2008 Batting Average Returns are gross of fees. Incept is December 31, 1997 to September 30, 2008 Batting Average Account Reconciliation Trailing Returns through September 30, 2008 Worst Qtr
Account Reconciliation Trailing Returns through September 30, 2008 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2008 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2008 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 9/30/2008 Return Beta
9/30/2008 Return Beta 9/30/2008 Return Beta 9/30/2008 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha 17,165 Universe R-Squared
51,877 Universe R-Squared 24,455 Universe R-Squared 20,806 Universe R-Squared 800 5th %-tile Sharpe Ratio
797 5th %-tile Sharpe Ratio 802 5th %-tile Sharpe Ratio 62 5th %-tile Sharpe Ratio -689 25th %-tile Treynor Ratio
-3,158 25th %-tile Treynor Ratio -2,248 25th %-tile Treynor Ratio -305 25th %-tile Treynor Ratio 17,276 50th %-tile Tracking Error
49,517 50th %-tile Tracking Error 23,009 50th %-tile Tracking Error 20,564 50th %-tile Tracking Error 2,008 75th %-tile Information Ratio
2008 75th %-tile Information Ratio 2008 75th %-tile Information Ratio 2008 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund 18,533 1 Yr 4
54,074 1 Yr 5 33,783   1 Yr   5 19,418   1 Yr   5 -632 -3.41 -0.0341 8
1,842 -11.57 -0.1157 7 -4,226   -21 -0.21 7 385   3.98 0.0398 7 -624 1   50
-6,399 17 50 -6,548   73   50 761   4   50 17,276 -8.67 -0.0867 -3.83
49,517 -10.79 -0.1079 -6 23,009 -19.72 -0.1972 -9.01 20,564 3.56 0.0356 -1.44 35,795 15   4.24
12/31/1997 7 4.06 12/31/1997 44 6.31 12/31/1997 5 3.63 Incept -7.38 8.07
Incept -10.57 10.06 Incept -17.11 15.32 Incept 3.21 5.07 15,998 -9.7 -3.41
15,998 -12.1 -11.57 10,999 -18.89 -21 4,811 0.16 3.48 -10,430 -11.67 4.4
17,252 -13.31 6.62 4,064 -20.01 10.83 6,328 -2.55 2.95 11,707 -13.93 0.7
16,266 -14.62 0.93 7,946     -21.12 0.92 9,425     -5.16 1.01 17,276  17,276,000 -17.92 1.66
49,517  49,517,000 -16.71 -0.38 23,009   23,009,000 -23.67 -0.64 20,564   20,564,000 -10.25 0.21 Investment Policy     2 Yr 0.87
Investment Policy 2 Yr 0.95 Investment Policy 2 Yr 0.96 Investment Policy 2 Yr 0.96 Index 3.53 0.0353 -0.09
Index -0.49 -0.0049 -0.33 Index -4 -0.04 -0.35 Index 5.03 0.0503 0.18 Lehman Gov/Credit-Intermediate 2 -0.56
Lehman Gov/Credit-Intermediate 10 -2.34 Russell 1000 Value 49 -4.17 Lehman Gov/Credit-Intermediate 1 0.51 Russell 1000 Growth 1.59 0.0159 2.37
Russell 1000 Value -0.47 -0.0047 1.54 Russell 1000 Growth -4.04 -0.0404 2.33 LBAB A+ 4.51 0.0451 0.62 Total 12 0.38
Russell 1000 Growth 10 -0.36 S&P Midcap 400 50 -0.3 Total 2 0.45 Weight 2.4 Policy
Other -0.08 Policy Russell 2000 Value -1.15 Policy Weight 3.88 Policy 66.67 0.55 4
Weight -1.24 5 Weight -3.12 5 62.5 2.17 5 33.33 -0.73 8
25 -2.07 7 33.33 -4.06 7 37.5 0.98 7 100 -1.98 50
20 -3 50 33.33 -5.11 50 100 -0.5 50 Trailing Returns through September 30, 2008 -4.46 -4.94
20 -4.5 -4.65 16.67 -7.49 -8.86 Trailing Returns through September 30, 2008 -3.82 -1.37 Fund 3 Yr 3.71
35 3 Yr 4.72 16.67   3 Yr 7.09 Fund   3 Yr   3.81 Policy 1 Yr FUND 3.6 0.036 8.65
Trailing Returns through September 30, 2008 1 Yr FUND 1.81 0.0181 9.37 Trailing Returns through September 30, 2008 1 Yr FUND 0.15 0.0015 15.95 Policy 1 Yr FUND 4.51 0.0451 5.18 Diff UNIVERSE 4   -8.67
Fund UNIVERSE 27 -10.79 Fund UNIVERSE 70 -19.72 Diff UNIVERSE 1 3.56 1 Yr POLICY 2.7 0.027 5.86
Policy POLICY 2.36 0.0236 6.96 Policy POLICY 0.84 0.0084 11.48 1 Yr POLICY 4.23 0.0423 2.85 -3.41 16   1
Diff 12 1 Diff 41 1 3.98 3 1 -8.67 3.51 0
1 Yr 2.71 0 1 Yr 2.8 0 3.56 3.97 0 5.26 2.13 1
-11.57 1.85 1 -21 1.23 1 0.42 2.94 1 2 Yr 1.15 -0.22
-10.79 1.28 -0.23 -19.72 0.64 -0.27 2 Yr 1.97 0.08 3.53 0.08 -1.29
-0.78 0.64 -1.63 -1.28 -0.07 -3.15 5.03 1.07 0.24 1.59 -1.89 0
2 Yr -0.53 0 2 Yr -1.68 0 4.51 -0.61 0 1.94 4 Yr Diff
-0.49 4 Yr Diff -4 4 Yr Diff 1/0/1900 4 Yr Diff 3 Yr 4.73 0.0473 0
-0.47 3.42 0.0342 0 -4.04 3.18 0.0318   0 3 Yr 4.12 0.0412 0 3.6 7   0
-0.02 49 0 0.04 78   0 4.51 9 0 2.7 3.78 0.0378 0
3 Yr 4 0.04 0 3 Yr 3.8 0.038   0 4.23 3.87 0.0387 0 0.9 23   1.11
1.81 26 -1.35 1/0/1900 52 -0.15 1/0/1900 11 -0.07 4 Yr 5.05 0.53
2.36 4.83 -0.66 0.84 5.95 -0.78 4 Yr 4.43 -0.18 4.73 3.65 -0.58
-0.55 4.01 0.69 -0.69 4.55 -0.63 4.12 3.1 -0.11 1/3/1900 2.87 5.26
4 Yr 3.37 -0.78 4 Yr 3.85 -1.28 3.87 2.35 -0.08 0.95 1.89 -1.46
3.42 2.84 -0.34 3.18 3.3 -0.65 0.25 1.53 0.1 5 Yr 0.47 -0.3
4 1.83 -0.07 3.8 1.95 -0.08 5 Yr -0.03 0.01 4.4 5 Yr 1.66
-0.58 5 Yr -0.38 -0.62 5 Yr -0.64 3.97 5 Yr 0.21 4.11 3 YR FUND 4.4 0.044 -0.13
5 Yr 3 YR FUND 4.21 0.0421 -0.05 5 Yr 3 YR FUND 4.99 0.0499 -0.04 3.83 3 YR FUND 3.97 0.0397 -0.04 0.29 UNIVERSE 25   0.13
4.21 UNIVERSE 82 -0.1 4.99 UNIVERSE 91 -0.08 1/0/1900 UNIVERSE 19 0.1 6 Yr POLICY 4.11 0.0411 0.73
5.31 POLICY 5.31 0.0531 -0.71 1/6/1900 POLICY 6.03 0.0603 -1.02 6 Yr POLICY 3.83 0.0383 0.27 5.72 33   2.37
-1.1 38 1.54 ################################## 58 2.33 4.23 20 0.62 1/6/1900 5.67 5 Yr 5 Yr
6 Yr 6.58 5 Yr 5 Yr 6 Yr 8.26 5 Yr 5 Yr 4.1 6.14 5 Yr 5 Yr ################################ 4.39 # of Negative Qtrs
1/5/1900 5.66 # of Negative Qtrs 8.03 7.14 # of Negative Qtrs 1/0/1900 3.46 # of Negative Qtrs 7 Yr 3.67 # of Positive Qtrs
7.18 5.05 # of Positive Qtrs 8.95 6.18 # of Positive Qtrs 7 Yr 2.72 # of Positive Qtrs 4.02 2.95 Batting Average
-1.34 4.42 Batting Average ################################## 5.64 Batting Average 4.95 1.91 Batting Average 1/4/1900 1.41 Worst Qtr
7 Yr 3.18 Worst Qtr 7 Yr 3.99 Worst Qtr 4.8 0.7 Worst Qtr -0.08 6 Yr Best Qtr
1/3/1900 6 Yr Best Qtr 1/3/1900 6 Yr Best Qtr 1/0/1900 6 Yr Best Qtr 8 Yr 5.72 0.0572 Range
4.74 5.84 0.0584 Range 4.33 8.03 0.0803 Range 8 Yr 4.23 0.0423 Range 1/1/1900 38 Worst 4 Qtrs
-0.89 86 Worst 4 Qtrs ################################## 85 Worst 4 Qtrs 5.98 21 Worst 4 Qtrs 1/0/1900 6.13 0.0613 Standard Deviation
8 Yr 7.18 0.0718 Standard Deviation 8 Yr 8.95 0.0895 Standard Deviation 5.84 4.1 0.041 Standard Deviation 1/1/1900 25 Beta
1/2/1900 37 Beta -0.73 55 Beta 1/0/1900 22 Beta 9 Yr 7.23 Annualized Alpha
1/2/1900 9.01 Annualized Alpha -0.2 11.04 Annualized Alpha 9 Yr 8.5 Annualized Alpha 1/3/1900 6.12 R-Squared
-0.41 7.56 R-Squared ################################## 9.71 R-Squared 6.04 3.86 R-Squared 2.25 5.36 Sharpe Ratio
9 Yr 6.83 Sharpe Ratio 9 Yr 9.07 Sharpe Ratio 5.94 2.86 Sharpe Ratio 1/1/1900 4.62 Treynor Ratio
1/2/1900 6.27 Treynor Ratio 0.23 8.36 Treynor Ratio 1/0/1900 2.04 Treynor Ratio 10 Yr 3.63 Tracking Error
1/3/1900 5.13 Tracking Error 1/1/1900 6.89 Tracking Error 10 Yr 0.99 Tracking Error 1/4/1900 7 Yr Information Ratio
-0.38 7 Yr Information Ratio ################################## 7 Yr Information Ratio 1/5/1900 7 Yr Information Ratio 1/2/1900 5 YR FUND 4.02 0.0402 Fund
10 Yr 5 YR FUND 3.85 Fund 10 Yr 5 YR FUND 3.52 Fund 1/5/1900 5 YR FUND 4.95 0.0495 Fund 1/2/1900 UNIVERSE 28   7
1/3/1900 UNIVERSE 74 8 2.13 UNIVERSE 86 7 0.14 UNIVERSE 17 8 12/31/1997 POLICY 4.1 0.041 13
1/4/1900 POLICY 4.74 12 1/3/1900 POLICY 4.33 13 12/31/1997 POLICY 4.8 0.048 12 Incept 27   Batting Average 40
-0.54 39 Batting Average 40 ################################## 62 Batting Average 40 Incept 19 Batting Average 45 1/5/1900 4.99 -3.83
12/31/1997 6.51 -6 12/31/1997 7.06 -9.01 5.84 7.03 -2.27 3.57 4.15 6.49
Incept 5.16 6.82 Incept 5.6 12.2 1/5/1900 4.24 3.63 2.21 3.55 10.32
1/4/1900 4.45 12.82 2.81 4.69 21.21 1/0/1900 3.57 5.9 Fiscal Year Returns Ending September 2.88 -3.41
4.79 3.79 -11.57 3.74 3.95 -21 Fiscal Year Returns Ending September 2.86 -0.36 Fund 1.88 Standard Deviation 4.92
-0.34 3.09 Standard Deviation 6.24 ################################## 2.59 Standard Deviation 10.3   Fund 1.97 Standard Deviation 3.05 Policy 8 Yr Beta 0.82
Fiscal Year Returns Ending September 8 Yr Beta 0.94 Fiscal Year Returns Ending September 8 Yr Beta 0.94   Policy 8 Yr Beta 0.96   Diff 1.71 Annualized Alpha 1 0.01
Fund 2.01 Annualized Alpha -0.72 -0.0072 Fund -0.73 Annualized Alpha -0.65 -0.0065 Diff 5.98 Annualized Alpha 0.27 0.0027 9/30/2008 40 R-Squared 0.86  
Policy 53 R-Squared 0.94 Policy 82 R-Squared 0.95 9/30/2008 7 R-Squared 0.97 Qtr 0.71 0.27
Diff 2.42 0.18 Diff -0.2 0.18 Qtr 5.84 0.29 -3.83 69 1.6
9/30/2008 43 1.19 9/30/2008 67 2.02 ################################## 8 0.92 -4.94 3.22 2.09
Qtr 4.99 1.63 Qtr 5.1 2.35 -0.79 6.14 0.54 1.11 2.21 0.14
-6.00 3.47 -0.67 -9.01 2.65 -0.44 -0.65 4.75 0.26 6/30/1905 1.41 Policy Policy
-4.65 2.09 Policy Policy -7.24 0.36 Policy Policy 2008 4.19 Policy Policy YTD 0.35 7
-1.35 1.38 7 -1.77 -0.51 7 YTD 3.64 8 -3.41 -1.62 13
2008 -0.31 13 2008 -2.73 13 1/3/1900 2.52 12 -8.67 9 Yr 60
YTD 9 Yr 60 YTD 9 Yr 60 3.56 9 Yr 55 5.26 3.36 -4.94
-11.57 2.83 -4.65 -21 0.23 -8.86 0.42 6.04 -2.44 2007 21 5.69
-10.79 54 7.82 -19.72 90 12.99 2007 6 3.81 10.97 2.25 10.63
-0.78 3.21 12.47 -1.28 1.02 21.85 6.1 5.94 6.25 12.99 59 -8.67
2007 41 -10.79 2007 68 -19.72 5.48 7 -0.81 -2.02 4.39 Standard Deviation 5.57
11.96 5.15 Standard Deviation 6.45 16.64 5.24 Standard Deviation 10.67 0.62 6.11 Standard Deviation 3.13 2006 3.19 1
11.03 3.98 1 14.69 3.21 1 2006 4.86 1 3.73 2.48 0
0.93 2.92 0 1.95 1.59 0 3.48 4.32 0 4.97 1.72 1
2006 2.3 1 2006 0.78 1 3.67 3.86 1 -1.24 0.13 0.18
6.57 1.41 0.34 9.02 -0.3 0.28 -0.19 2.89 0.24 2005 10 Yr 1.02
8.28 10 Yr 2.22 11.36 10 Yr 2.94 2005 10 Yr 0.74 8.2 4.9 0
-1.71 3.83 0 ################################## 2.13 0 1/2/1900 5.31 0 7.07 6 Diff
2005 65 Diff 2005 94 Diff 2.8 10 Diff 1.13 2.87 0
1/8/1900 4.37 1 12.84 3.42 0 0.15 5.17 0 6/26/1905 63 0
9.06 41   -1 13.21 64   0 2004 12   0 3.06 4.92   -20
-0.64 6.25 -20 -0.37 7.25 -20 3.36 6.24 -10 5.45 3.98 1.11
2004 4.87   -1.35 2004 4.93   -0.15 3.68 4.35   0.17 -2.39 3.24   0.8
7.44 4.16 -1 12.55 3.86 -0.79 -0.32 3.82 -0.18 2003 2.46 -0.31
10.73 3.6 0.35 15.46 3.07 -0.64 6/25/1905 3.37 -0.35 12.61 1.23 5.26
-3.29 2.71 -0.78 -2.91 1.97 -1.28 5.52 2.54 0.45 16.84 Fiscal Year Returns Ending September -0.65
2003 Fiscal Year Returns Ending September -0.21 6/25/1905 Fiscal Year Returns Ending September -0.37 5.44 Fiscal Year Returns Ending September -0.08 ################################ Fund -0.18
14.37 Fund -0.06 24.55 Fund -0.06 0.08 Fund -0.04 2002 Return 1
1/17/1900 Return   -0.72 24.8 Return   -0.65 6/24/1905 Return   0.27 ################################ %-tile   -0.14
-2.67 %-tile -0.06 -0.25 %-tile -0.05 9.39 %-tile -0.03 -7.3 Policy 0.09
2002 Policy   -0.16 6/24/1905 Policy   -0.1 9.11 Policy   0.05 1/1/1900 Return   0.58
-7.32 Return -1.03 -19.84 Return -0.92 0.28 Return 0.18 2001 %-tile 2.09
############################## %-tile 1.63 -19.57 QU. FUND %-tile 2.35 6/23/1905 %-tile 0.54 ################################ Universe   10 Yr
1.45 Universe 10 Yr -0.27 UNIVERSE Universe 10 Yr 13.48 Universe 10 Yr -20.13 5th %-tile # of Negative Qtrs
2001 5th %-tile # of Negative Qtrs 6/23/1905 POLICY 5th %-tile # of Negative Qtrs 13.41 5th %-tile # of Negative Qtrs 1/7/1900 25th %-tile   # of Positive Qtrs
-9.99 25th %-tile # of Positive Qtrs -26 25th %-tile # of Positive Qtrs 0.07 25th %-tile # of Positive Qtrs 2000 QU. FUND 50th %-tile Batting Average
############################## QU. FUND 50th %-tile Batting Average ################################## 50th %-tile Batting Average 6/22/1905 QU. FUND 50th %-tile Batting Average 17.54 UNIVERSE 75th %-tile Worst Qtr
2.49 UNIVERSE 75th %-tile Worst Qtr 0.85 75th %-tile Worst Qtr 6.57 UNIVERSE 75th %-tile Worst Qtr 15.51 POLICY 95th %-tile Best Qtr
6/22/1905 POLICY 95th %-tile Best Qtr 6/22/1905 95th %-tile Best Qtr 6.72 POLICY 95th %-tile Best Qtr 1/2/1900 Qtr Range
9.62 Qtr Range 8.31 Qtr Range -0.15 Qtr Range 1999 -3.83 -0.0383 Worst 4 Qtrs
1/9/1900 -6 -0.06 Worst 4 Qtrs 1/11/1900 -9.01 -0.0901 Worst 4 Qtrs 6/21/1905 -1.44 -0.0144 Worst 4 Qtrs 19.87 9 Standard Deviation
-0.14 57 Standard Deviation -2.99 93 Standard Deviation -1.1 16 Standard Deviation 1/8/1900 -4.94 -0.0494 Beta
6/21/1905 -4.65 -0.0465 Beta 6/21/1905 -7.24 -0.0724 Beta -1.48 -0.79 -0.0079 Beta 1/11/1900 26   Annualized Alpha
13.24 18 Annualized Alpha 20.9 49 Annualized Alpha 0.38 8 Annualized Alpha Returns in Up Markets -3.32 R-Squared
1/15/1900 -3.89 R-Squared 27.81 -5.12 R-Squared Returns in Up Markets -0.39 R-Squared Fund -4.93 Sharpe Ratio
-2.23 -4.92 Sharpe Ratio -6.91 -6.39 Sharpe Ratio Fund -2.12 Sharpe Ratio Policy -6.01 Treynor Ratio
Returns in Up Markets -5.82 Treynor Ratio Returns in Up Markets -7.29 Treynor Ratio Policy -3.35 Treynor Ratio Ratio -7.26 Tracking Error
Fund -6.67 Tracking Error Fund -8.1 Tracking Error Ratio -5.16 Tracking Error 3 Yr -10.75 Information Ratio
Policy -8.13   Information Ratio Policy -9.29   Information Ratio 3 Yr -8.19   Information Ratio 9.6 YTD   Fund
Ratio YTD Fund Ratio YTD Fund 1/9/1900 YTD Fund 1/10/1900 -3.41 15
3 Yr -11.57   16 3 Yr -21 16 9.3 3.98   13 91.2 1   25
11.7 17 24 1/16/1900 73 24 105.5 4 27 5 Yr -8.67 47.5
11.7 -10.79 50 16.1 -19.72 40 5 Yr 3.56 50 10.8 15   -7.29
4/8/1900 7 -7.44 101.6 44 -17.97 1/8/1900 5 -2.27 1/11/1900 -7.38 14.62
5 Yr -10.57 12.53 5 Yr -17.11   19.75 8.9 3.21 5.39 90.8 -9.7   21.91
11.7 -12.1 19.97 1/18/1900 -18.89 37.72 100.3 0.16 7.66 10 Yr 2004 FUND -11.67 -0.1167 -13.1
1/13/1900 2004 FUND -13.31 -0.1331 -11.57 19.1 2004 FUND -20.01 -0.2001 -26 10 Yr 2004 FUND -2.55 -0.0255 -1.19 16 UNIVERSE -13.93 8.56
3/29/1900 UNIVERSE -14.62 8.42 4/5/1900 UNIVERSE -21.12 15.76 1/9/1900 UNIVERSE -5.16 3.76 16 POLICY -17.92 -0.1792 0.83
10 Yr POLICY -16.71 -0.1671 0.89 10 Yr POLICY -23.67 -0.2367 0.95 1/9/1900 POLICY -10.25 -0.1025 0.96 100.5 2007   2.46
1/15/1900 2007 -0.09 -0.0009 1/25/1900 2007 -1.09   99.6 2007 0.35 0.0035 12/31/1997 10.97 0.84 0.0084
1/17/1900 11.96   0.96 1/27/1900 16.64 0.96 12/31/1997 6.1 0.97 Incept 77   0.18
3/29/1900 20 0.05 4/2/1900 19 -0.08 Incept 14 0.51 16.3 12.99 1.82
12/31/1997 11.03 0.49 12/31/1997   14.69   -1.33 10.1 5.48   2 1/15/1900 40   3.8
Incept 36 1.96 Incept   58 3.11 10.1 18 0.62 4/12/1900 15.52 0.53
16.5 13.42 -0.28 26.6   19   -0.41 100.4 7.98   0.23 Returns in Down Markets 13.91   Policy
1/17/1900 11.64 Policy 28.1 16.24 Policy Returns in Down Markets 4.85 Policy Fund 2003 FUND 12.46 0.1246 16
92.3 2003 FUND 10.56 0.1056 16 94.8 2003 FUND 14.93 0.1493 16 Fund 2003 FUND 4.02 0.0402 14 Policy UNIVERSE 11.01 24
Returns in Down Markets UNIVERSE 9.75 24 Returns in Down Markets UNIVERSE 13.67 24 Policy UNIVERSE 3.35 26 Ratio POLICY 8.19 0.0819 52.5
Fund POLICY 8.45 0.0845 50 Fund POLICY 10.54 0.1054 60 Ratio POLICY 2.38 0.0238 50 3 Yr 2006   -9.05
Policy 2006 -9.11 Policy 2006 -17.68 3 Yr 2006 -2.44 -7.5 3.73 11.93
Ratio 6.57   12.55 Ratio 9.02 21.3 -2.5 3.48 5.88 -11.4 79   20.98
3 Yr 89 21.66 3 Yr 86 38.98 -2.5 65 8.32 65.7 4.97 -20.13
-10.6 8.28 -12.48 -18.8 11.36   -26.85 100 3.67   -2.05 5 Yr 58   9.42
-9.5 49 9.24 -17.2 36 16.36 5 Yr 58 3.88 -6.6 8.37 1
111.9 10.79 1 109.2 14.4   1 -3.1 7.96   1 ################################ 6.71   0
5 Yr 9.24 0 5 Yr 12.07 0 -3.3 4.99 0 73.2 2002 FUND 5.22 0.0522 1
-8.3 2002 FUND 8.2 0.082 1 -16 2002 FUND 10.8 0.108 1 91.6 2002 FUND 3.87 0.0387 1 10 Yr UNIVERSE 4.07 -0.06
############################## UNIVERSE 7.3 0.11 -14.6 UNIVERSE 9.8 0 10 Yr UNIVERSE 3.23 0.46 -9.8 POLICY 2.16 0.0216 -0.52
107.6 POLICY 5.34 0.0534 0.98 109.5 POLICY 7.19 0.0719 0.03 ################################## POLICY 2.43 0.0243 1.78 -14 2005   0
10 Yr 2005 0 10 Yr 2005 0 ################################## 2005 0 70 8.2 Diff
-11.4 8.42   Diff -25 12.84 Diff 85.5 2.95 Diff 12/31/1997 49   -1
-12.3 90 0 ################################## 80 0 12/31/1997 54 -1 Incept 7.07 1
93 9.06 0 4/12/1900 13.21   0 Incept 2.8   1 -9.8 75   -5
12/31/1997 76 0 12/31/1997 72 -20 -2.5 58 0 -14 12.09 1.76
Incept 13.44 1.67 Incept 19.04   -0.29 -2.9 8.96   0.17 70 9.4   2.69
-11.6 11.48 -0.02 -25.2 16.48 -1.55 85.5 4.85 -0.49 2001 FUND 8.13 0.0813 0.93
-12.4 2001 FUND 10.12 0.1012 -1.69 -24.8 2001 FUND 14.23 0.1423 -1.26 2001 FUND 3.16 0.0316 -0.66 UNIVERSE 7 7.03
93.1 UNIVERSE 9.15 0.91 101.6 UNIVERSE 13 0.85 UNIVERSE 2.1 0.86 POLICY 5.54 0.0554 -0.86
POLICY 8 0.08 -0.82 POLICY 11.35 0.1135 -0.6 POLICY 0.93 0.0093 -0.12 2004   -0.17
2004 -0.11 2004 -0.05 2004 -0.04 3.06 2.46
7.44   -0.09 12.55 -1.09 3.36 0.35 97   -0.16
95 -0.04 91 -0.04 63 -0.03 5.45 0.24
10.73 -0.06 15.46   -0.08 3.68   0.05 79   2.34
65 -0.49 60 -1.36 56 0.22 9.97 3.8
15.43 1.96 21.63   3.11 12.4   0.62 8.18   Incept
13.17 Incept 17.68 Incept 5.8 Incept 2000 FUND 6.9 0.069 # of Negative Qtrs
2000 FUND 11.42 0.1142 # of Negative Qtrs 2000 FUND 15.93 0.1593 # of Negative Qtrs 2000 FUND 4.09 0.0409 # of Negative Qtrs UNIVERSE 5.65 # of Positive Qtrs
UNIVERSE 10.3 # of Positive Qtrs UNIVERSE 14.89 # of Positive Qtrs UNIVERSE 2.72 # of Positive Qtrs POLICY 3.69 0.0369 Batting Average
POLICY 7.36 0.0736 Batting Average POLICY 10.46 0.1046 Batting Average POLICY 1.08 0.0108 Batting Average 2003 Worst Qtr
2003 Worst Qtr 2003 Worst Qtr 2003 Worst Qtr 12.61 Best Qtr
14.37 Best Qtr 24.55 Best Qtr 5.52 Best Qtr 76 Range
83 Range 42 Range 34 Range 16.84 Worst 4 Qtrs
17.04 Worst 4 Qtrs 24.8 Worst 4 Qtrs 5.44 Worst 4 Qtrs 24 Standard Deviation
41 Standard Deviation 37 Standard Deviation 35 Standard Deviation 22.53 Beta
24.79 Beta 29.91 Beta 25.5 Beta 16.67 Annualized Alpha
18.48 Annualized Alpha 25.82 Annualized Alpha 7.63 Annualized Alpha 14.6 R-Squared
16.39 R-Squared 24.08 R-Squared 3.8 R-Squared 12.69 Sharpe Ratio
14.95 Sharpe Ratio 22.22 Sharpe Ratio 2.79 Sharpe Ratio 10.25 Treynor Ratio
13.13 Treynor Ratio 18.84 Treynor Ratio 1.66 Treynor Ratio 2002 Tracking Error
2002 Tracking Error 2002 Tracking Error 2002 Tracking Error -5.61 Information Ratio
-7.32 Information Ratio -19.84 Information Ratio 9.39 Information Ratio 33 Fund
40 Fund 80 Fund 8 Fund -7.3 16
-8.77 17 -19.57 17 9.11 13 63 27
66 26 76 26 11 30 -1.76 48.84
-2.53 53.49 -9.94 44.19 9.84 51.16 -5.07 -7.29
-6.21 -7.44 -15.2 -17.97 8.19 -2.27 -6.68 14.62
-7.95 12.53 -17.6 19.75 6.83 5.39 -8.16 21.91
-9.43 19.97 -19.54 37.72 4.7 7.66 -12.12 -13.1
-11.94 -11.57 -21.04   -26 -5.27 -1.19 2001 8.84
2001 8.72 2001 15.99 2001 3.84 -13.1 0.86
-9.99 0.91 -26   0.95 13.48 0.97 55 2.66
43 0.06 56 -0.72 5 0.33 -20.13 0.81
-12.48 0.96 -26.85 0.97 13.41 0.97 87 0.26
62 0.11 61 -0.04 5 0.61 -2.68 2.64
1.66 1.03 -3.75   -0.74 13.31 2.4 -8.11 4.08
-4.46 1.94 -13.54 3.09 11.27 0.62 -12.44 0.54
-11.41 -0.18 -25.37   -0.3 9.81 0.27 -16.82 Policy
-13.73 Policy -28.38 Policy 8.07 Policy -24.51 16
-21.29 17 -36.32 17 -8.66 14 2000 27
2000 26 2000 26 2000 29 17.54 51.16
9.62 46.51 8.31 55.81 6.57 48.84 32 -9.05
50 -9.11 83 -17.68 19 -2.44 15.51 11.93
9.76 12.55 11.3 21.3 6.72 5.88 49 20.98
48 21.66 60 38.98 14 8.32 30.85 -20.13
21.2 -12.48 28.31 -26.85 9.06 -2.05 19.17 9.22
12.41 9.37 15.72 16.61 6.36 3.91 15.19 1
9.55 1 12.3 1 5.45 1 10.1 0
8.01 0 9.78 0 4.37 0 6.87 1
4.04 1 2.08 1 0.67 1 0.01
0.14 0.01 0.55 0.06
1.28 0.23 2.16 0
0 0 0 Diff
Diff Diff Diff 0
0 0 -1 0
0 0 1 -2.32
6.98 -11.62 2.32 1.76
1.67 -0.29 0.17 2.69
-0.02 -1.55 -0.49 0.93
-1.69 -1.26 -0.66 7.03
0.91 0.85 0.86 -0.38
-0.65 -0.62 -0.07 -0.14
-0.09 -0.05 -0.03 2.66
0.06 -0.72 0.33 -0.19
-0.04 -0.03 -0.03 0.25
-0.03 -0.05 0.06 2.58
-0.25 -0.97 0.24 4.08
1.94 3.09 0.62 5.08