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 September 30, 2009 Batting Average Returns are net of fees. Incept is June 30, 2008 to September 30, 2009 Batting Average Returns are net of fees. Incept is March 31, 2004 to September 30, 2009 Batting Average
Account Reconciliation Trailing Returns through September 30, 2009 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2009 Worst Qtr Account Reconciliation Trailing Returns through September 30, 2009 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
9/30/2009 Return Beta 9/30/2009 Return Beta 9/30/2009 Return Beta
Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha Qtr %-tile Annualized Alpha
10,674 Universe R-Squared 7,654 Universe R-Squared 3,272 Universe R-Squared
-128 5th %-tile Sharpe Ratio 405 5th %-tile Sharpe Ratio 204 5th %-tile Sharpe Ratio
1,322 25th %-tile Treynor Ratio 988 25th %-tile Treynor Ratio 690 25th %-tile Treynor Ratio
11,868 50th %-tile Tracking Error 9,048 50th %-tile Tracking Error 4,166 50th %-tile Tracking Error
2009 75th %-tile Information Ratio 2009 75th %-tile Information Ratio 2009 75th %-tile Information Ratio
YTD 95th %-tile Fund YTD 95th %-tile Fund YTD 95th %-tile Fund
    4,106 1 Yr 4 9,814   2 Qtrs   2 4,300 2 Qtrs 5
  5,926 -1.97 -0.0197 8 522   28.87 0.2887 2 265 41.47 0.4147 7
    1,836 36 50 -1,288   100   50 -399 82 Batting Average 41.67
11,868 -1.85 -0.0185 -23.11 9,048 38 0.3799 -21.93 4,166 44.79 0.4479 -27.11
12/31/1997 35 14.32 6/30/2008 2/13/1900 14.35 3/31/2004 30 20.59
Incept 4.41 37.43 Incept 42.8 36.28 Incept 50.95 47.7
  10,999 -0.61 -36.45   10,493 41 -13.47 2,986 44.94 -33.11
-7,844 -3.27 18.08 521 37.2 27.91 925 43.93 Standard Deviation 24.32
                  - 8,713 -5.87 0.92 -1,966     34 0.87 0.0087 254 43.27 Beta 0.93  
11,868  11,868,000 -9.98 1.13 9,048    9,048,000 31 -4.96 -0.0496 4,166   4,166,000 39.17 Annualized Alpha 1.1 0.011
Investment Policy 2 Yr 0.98 Investment Policy 3 Qtrs 0.98 Investment Policy 3 Qtrs R-Squared 0.92
Index -9.95 -0.0995 -0.21 Index 10.84 0.1084 -0.5 Index 23.58 0.2358 -0.32
Russell 1000 Growth 11 -4.04 Russell 1000 Value 83 -15.93 Russell 2000 Value 44 -8.4
Total -11.88 -0.1188 2.95 Total 14.85 0.1485 5.62 Total 16.36 0.1636 6.93
Weight 31 0.48 Weight 61 -0.51 Weight 93 0.21
70 100 -9.32 R1000G 100 25.97 R1000V 100 32.55 Policy R2000V
30 100 -11.32 5 100 19.44 2 100 25.77 6
100 50 Trailing Returns through September 30, 2009 -13.23 7 Trailing Returns through September 30, 2009 15.65 2 Trailing Returns through September 30, 2009 21.32 6
Trailing Returns through March 31, 2008 -8.57 Fund -15.18 50 Fund 12.61 50 Fund 19.27 58.33
Fund 5.08 R1000G -18.03 -22.79 R1000V 4.97 -22.18 R2000V 13.5 -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 -1.09 -0.0109 39.11 1 Yr 1 Yr FUND -13.47 -0.1347 40.42 1 Yr -9.92 -0.0992 47.59
1 Yr UNIVERSE 11.19 ################################## UNIVERSE 14 -38.44 ################################ UNIVERSE 83 -10.62 ################################### 68 0.68 -38.89
-12.71 POLICY 0 1 -1.85 POLICY -2.5 -0.025 19.45 -10.62 POLICY -10.62 -0.1062 31.57 -12.61 -12.61 -0.1261 25.14
-8.71 0 -0.12 36 1 -2.85 76 1 2.69 96 1
-4 1 2 Yr 0.37 0 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -4.13 0 2 Yr 1.09 0
2 Yr -1.15 ################################## -1.78 1 6/30/2008 -6.55 1 ################################### -5.83 1
################################# -12.9 -11.88 -3.27 -0.26 Incept -8.83 -0.35 -12.43 -8.02 -0.37
0.85 0 1.93 -4.95 -5.13 -15.56 -10.51 -11.01 -0.47 -10.39 -9.28
-2.2 Diff 3 Yr -6.84 0 -13.09 -19.75 0 3 Yr -12.52 0
3 Yr 0 -1.09 4 Yr Diff ################################ 2 Yr Diff ################################### 2 Yr = Diff
   1/2/1900   0   ################################## 0.26 0.0026 -1    Fiscal Year Returns Ending September 2 Yr FUND ################################# -0.1287 0   ################################### -12.9 -0.129 -1
   1/5/1900 0   1/1/1900 25 1    Fund UNIVERSE -14.31 0   1.47 93 1
  -2.98   -0.9   4 Yr -0.43 -0.0043 0   R1000V POLICY -16.91 -0.1691 0   4 Yr -12.43 -0.1243 -16.66
4 Yr 0.89 0.26 40 -0.32 Diff -18.38 0.25 ################################### 92 -2.22
1/4/1900 2.02 1.79 ################################## 2.15 -2 9/30/2009 -22.38 -3.89 ################################### -2.7 -2.11
1/6/1900 1.06 -4 0.69 0.2 -1.68 Qtr   3 Yr -4.14 0.1 -8.76 0.11
-1.99 0.12 0.13 5 Yr -0.82 1.99 12.7 -3.81 -2.85 5 Yr -10.75 5.78
5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -1.17 -0.08 2.68 -2.04 -1.37 1/18/1900 -6.27 -3.66 1/1/1900 -12.09 -0.82
3/31/2004 3 Yr -4.94 1.86 -4.07 -0.08 ################################ -7.43 -0.13 1/1/1900 -13.49 -0.07
Incept 2.48 -0.17 0.82 5 Yr 1.13 2009 -8.83 -4.96 -0.77 3 Yr #VALUE! 1.1
1/4/1900 3 YR FUND 99 0.99 -0.34 6 Yr 3 YR FUND 2.68 0.0268 -0.02 YTD   -12.24 -0.1224 -0.02 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -5.18 -0.0518 -0.08
1/6/1900 UNIVERSE 5.46 -5.47 1/2/1900 UNIVERSE 33 0.05 -13.47   4 Yr -0.15 3/31/2004 82 0.82 0.05
-1.99 POLICY 54 0.54 4.69 2.78 POLICY 1.86 0.0186 1.09 ################################   0.73 0.0073 -4.92 Incept -6.65 -0.0665 0.88
Fiscal Year Returns Ending September 9.29 2 Yr 0.19 55 2.95 -2.85   -1.71 5.62 1.74 100 6.93
Fund 6.48 5 Yr # of Negative Qtrs 7 Yr 4.99 5 Yr 5 Yr 2008 2007 2006 2005 2004 2003 2002 2001 2000 -2.63 Incept 1.8 1.22 4 Yr
Policy 5.57 # of Positive Qtrs 1/5/1900 3.05 # of Negative Qtrs Returns in Up Markets ################################# # of Negative Qtrs -0.06 -2.81 # of Negative Qtrs
Diff 4.79 Batting Average 5.81 2.01 # of Positive Qtrs Fund -6.72 # of Positive Qtrs Fiscal Year Returns Ending September -3.96 # of Positive Qtrs
3/31/2008 3.37 Worst Qtr ################################## 0.78 Batting Average R1000V 5 Yr Batting Average Fund -5.1 Batting Average
Qtr 4 Yr Best Qtr 8 Yr -0.61 Worst Qtr Ratio 3.09 Worst Qtr R2000V -6.1 Worst Qtr
################################# 4.02 Range 1/2/1900 6 Yr Best Qtr 1 Yr 1.29 Best Qtr Diff 4 Yr #VALUE! Best Qtr
################################# 99 Worst 4 Qtrs 1/1/1900 2.97 0.0297 Range 1/28/1900 0.6 0.006 Range 9/30/2009 -1.77 -0.0177 Range
1.57 6.01 Standard Deviation 1/0/1900 63 Worst 4 Qtrs 2/7/1900 ################################# Worst 4 Qtrs Qtr 91 0.91 Worst 4 Qtrs
2008 64 Beta 9 Yr 2.78 0.0278 Standard Deviation 76 -2.37 -0.0237 Standard Deviation 20.59 -1.87 -0.0187 Standard Deviation
YTD 9.49 Annualized Alpha ################################## 69 Beta 6/30/2008 6 Yr Beta 1/22/1900 91 Beta
################################# 7.35 R-Squared ################################## 6.66 Annualized Alpha Incept 5.34 Annualized Alpha -2.11 4.14 Annualized Alpha
-12.7 6.39 Sharpe Ratio 2.46 4.48 R-Squared 28.9 4.19 R-Squared 2009 0.49 R-Squared
-3.11 5.72 Treynor Ratio 10 Yr 3.33 Sharpe Ratio 38 3.52 Sharpe Ratio YTD -0.7 Sharpe Ratio
2007 4.77 Tracking Error ################################## 2.47 Treynor Ratio 3/16/1900 2.64 Treynor Ratio ################################### -1.31 Treynor Ratio
1/13/1900 5 Yr Information Ratio ################################## 0.78 Tracking Error Returns in Down Markets 0.74 Tracking Error ################################### -2.89 Tracking Error
13.3 16.12 Fund 2.53 7 Yr Information Ratio Fund 7 Yr Information Ratio 2.69 5 Yr Information Ratio
-0.13 5 YR FUND 14.16 0.1416 4 12/31/1997 5 YR FUND 5.25 0.0525 Fund Fund R1000V 8.11 0.0811 Fund 2008 1.01 0.0101 Fund
2006 UNIVERSE 13.2 4 Incept UNIVERSE 69 6 Ratio   6.66 3 ################################### 95 6
11.07 POLICY 12.39 0.1239   62.5 1/3/1900 POLICY 5.81 0.0581 14 1 Yr   6.18 0.0618 2 -12.25 1.78 0.0178 10
1/11/1900 11.7 Batting Average -9.47 1/1/1900 53 Batting Average 50 ################################   5.23 40 -3.53 91 43.75
-0.74 6 Yr 7.59 2.34 9.24 -23.11 -35.2 3.04 -21.93 2007 7.1 -27.11
6/27/1905 8.92 17.06 Fiscal Year Returns Ending September 7.23 14.32 4/2/1900 8 Yr 14.35 1/12/1900 3.97 20.59
1/11/1900 6.86 -12.71 Fund 5.89 37.43 6/30/2008 4.93 36.28 1/6/1900 3.26 47.7
13.96 5.93 9.84 R1000G 4.97 -36.45 Incept 3.49 -28.18 6.29 2.65 -33.11
-2.79 5.15 Standard Deviation 0.96 Diff 3.73 Standard Deviation 15.1 -37.2 2.82 25.53 2006 0.93 22.19
2004 2003 2002 2001 2000 1999 4.14 Beta -2.1   9/30/2009 8 Yr Beta 0.93 ################################ 2.03 0.87   1/9/1900 6 Yr 0.94
Returns in Up Markets 7 Yr Annualized Alpha 0.87 0.0087 Qtr 2.07 Annualized Alpha 0.88 0.0088 4/3/1900 0.37 -4.91 -0.0491 1/14/1900 10.44 0.05 0.0005
Fund 8.61 R-Squared -0.6 12.55 57 R-Squared 0.97 ################################ Fiscal Year Returns Ending September 0.98 ################################### 7.83 0.91
Policy 7.29 -6.19 13.97 1.77 -0.02 6/26/1905 Fund -0.64 2005 6.44 -0.22
Ratio 6.41 3.62 -1.42 65 -0.3 1/16/1900 Return ####### -18.64 1/12/1900 6.09 -5.15
1 Yr 5.65 -0.61 2009 5.3 2.67 1/20/1900 %-tile 5.15 17.75 4.28 6.74
1/6/1900 4.87 Policy YTD 3.5 0.31 ################################ R1000V ####### -0.48 -4.82 7 Yr 0.01
5.1 8 Yr Policy 4 -1.97 2.32 Policy R1000G 2003 2002 2001 2000 1999 Return R1000V 2004 2003 2002 2001 2000 12.63 R2000V
117.5 8.67 4 -1.85 1.37 7 Returns in Up Markets %-tile ####### 3 Returns in Up Markets 10.26 7
2 Yr 7.07 37.5 -0.12 0.25 13 Fund Universe 2 Fund 9.19 9
20 5.68 -8.57 2008 9 Yr 50 R1000V 5th %-tile ####### 60 R2000V 8.78 56.25
19.2 3.75 7.4 -17.28 -2.62 -22.79 Ratio 25th %-tile -22.18 Ratio 6.24 -24.89
104.2 2.26 15.97 -20.88 54 16.32 3 Yr 50th %-tile ####### 18.24 3 Yr 8 Yr 22.7
3 Yr Fiscal Year Returns Ending September -8.71 3.6 -5.08 39.11 1/15/1900 75th %-tile 40.42 2/14/1900 11.5 47.59
1/15/1900 Fund 9.52 2007 87 -38.44 16.9 95th %-tile ####### -29.03 43.5 9.29 -38.89
17.3 Return Standard Deviation 1 1/19/1900 2.43 Standard Deviation 16.04 88.4 Qtr 28.95 103.4 8.43 22.61
88.2 %-tile 0 19.35 -0.96 1 4 Yr 12.7 0.127 1 4 Yr QU. FUND 7.31 0.0731 1
3/31/2004 Policy 1 -0.03 -2.4 0 1/13/1900 100 0 2/5/1900 UNIVERSE 4.73 0
Incept Return -0.39 2006 -4.11 1 16.8 18.24 0.1824 1 36.5 POLICY Fiscal Year Returns Ending September #VALUE! 1
1/16/1900 %-tile -3.74 4.42 -7.12 -0.07 3/19/1900 20 -0.47 99.7 Fund -0.22
18.9 Universe 0 6.03 10 Yr -1.1 5 Yr QU. FUND 19.48 -13.75 5 Yr Return #VALUE! -4.94
89 5th %-tile Diff -1.61 -0.03 0 1/14/1900 UNIVERSE 17.98 0 2/1/1900 %-tile 0
Returns in Down Markets 25th %-tile 0 2005 52 Diff 17.8 POLICY 16.69 Diff 35.2 R2000V #VALUE! Diff
Fund 50th %-tile 0 12.97 -2.56 -1 80.2 15.89 0 93.3 Return -1
Policy 75th %-tile   25 11.6 85   1 12/31/2002 14.03 0.1403 0 3/31/2004 %-tile #VALUE! 1
Ratio 95th %-tile -0.9 1.37 4.16 0 Incept YTD -20 Incept Universe -12.5
1 Yr Qtr   0.19 2004 1.71   -0.32 18 -13.47 -0.1347 0.25 29.2 5th %-tile #VALUE! -2.22
-17.6 -7 1.09 4.45 0.09 -2 20.6 83 -3.89 29.9 25th %-tile #VALUE! -2.11
################################# 7 -4 1/7/1900 -1.37 -1.68 3/27/1900 -10.62 -0.1062 -4.14 97.8 50th %-tile #VALUE! 0.11
134.2 -8.57 0.32 -3.06 -5.66 1.99 Returns in Down Markets 76 0.85 Returns in Down Markets 75th %-tile #VALUE! 5.78
2 Yr 46 -0.04 2003 Fiscal Year Returns Ending September -0.94 Fund -4.13 -0.0413 -3.42 Fund 95th %-tile #VALUE! -0.42
-18.9 -6.78 -2.1 1/20/1900 Fund -0.07 R1000V -6.55 -0.13 R2000V Qtr -0.06
################################# -7.9   -0.13 1/25/1900 Return   0.88 Ratio -8.83 -0.0883 -4.91 Ratio 20.59 0.2059 0.05
128.7 -8.75 -0.21 -5.89 %-tile -0.03 3 Yr -10.51 -0.02 3 Yr 60 -0.09
3 Yr -9.5   -2.45 2002 R1000G   0.05 -19.8 -19.75 -0.1975 -0.17 -38 22.7 0.227 0
-18.9 -10.48 3.62 ################################## Return 0.8 -19.5 2008 -4.89 -39.3 21 -0.21
################################# QU. FUND YTD ####### 3 Yr ################################## %-tile 2.67 101.6 -18.82 5.15 96.7 23.8 6.74
128.7 UNIVERSE -15.81 # of Negative Qtrs 4.82 Universe 10 Yr 4 Yr -21.47 Incept 5 Yr 4 Yr 22.16 5 Yr
3/31/2004 POLICY 98 0.98 # of Positive Qtrs 2001 5th %-tile # of Negative Qtrs -19.8 -24.82 # of Negative Qtrs -35.6 20.63 # of Negative Qtrs
Incept -12.7 Batting Average -33.13 25th %-tile # of Positive Qtrs -19.5 -28.9 # of Positive Qtrs -35.8 19.93 # of Positive Qtrs
################################# 54 Worst Qtr ################################## QU. FUND 50th %-tile Batting Average 4/10/1900 2004 FUND -33.85 -0.3385 Batting Average 99.4 18.56 Batting Average
-12.4 -9.88 Best Qtr 12.51 UNIVERSE 75th %-tile Worst Qtr 5 Yr UNIVERSE 2007 Worst Qtr 5 Yr YTD Worst Qtr
114.6 -11.53 Range 2000 POLICY 95th %-tile Best Qtr -19.8 POLICY 20.22 0.2022 Best Qtr -33 -9.92 -0.0992 Best Qtr
S&P500 -12.52 Worst 4 Qtrs 26.61 Qtr Range -19.5 16.74 Range -33.5 68 Range
Ratio -13.62   Standard Deviation 1/23/1900 12.55 0.1255 Worst 4 Qtrs 101.6 14.93 Worst 4 Qtrs 98.6 -12.61 -0.1261 Worst 4 Qtrs
3 Yr -15.19 Beta 3.18 94 Standard Deviation 12/31/2002 13.18 Standard Deviation 3/31/2004 96 Standard Deviation
-40.5 2007   Annualized Alpha Returns in Up Markets 13.97 0.1397 Beta Incept 11.34 Beta Incept 1.09 Beta
-40.8 13.17 R-Squared Fund 66 Annualized Alpha -19 2006 Annualized Alpha -33 -5.83 Annualized Alpha
99.2 83 Sharpe Ratio R1000G 17.47 R-Squared -19.3 15.25   R-Squared -33.5 -8.02 R-Squared
5 Yr 13.3 Treynor Ratio Ratio 15.95 Sharpe Ratio 4/7/1900 13.68 Sharpe Ratio 98.6 -10.39 Sharpe Ratio
-31 82 Tracking Error 3 Yr 14.7 Treynor Ratio 2003 FUND 12.46 0.1246 Treynor Ratio -12.52 Treynor Ratio
-30.9 20.14 Information Ratio 28.2 13.61 Tracking Error UNIVERSE 11.83 Tracking Error 2008 Tracking Error
100.2 16.71   Fund 1/30/1900 12.33   Information Ratio POLICY 10.52 0.1052 Information Ratio -15.78 Information Ratio
6 Yr 15.09 4 3/31/1900 YTD Fund 2005 Fund 80 Fund
-30.8 13.63   8 5 Yr -1.97 -0.0197 15 26.74 8 -12.25 7
-31.3 11.48 50 1/22/1900 36 25 16.73   12 29 13
98.5 2003 FUND 2006 20.06 -9.47 1/24/1900 -1.85 -0.0185 47.5 13.08   Batting Average 35 -8.19 40
12/31/1997 UNIVERSE 11.07 7.59 3/31/1900 35 -23.11 10.5 -8.13 -11.35 -27.11
Incept POLICY 44 0.44 17.06 10 Yr 4.41 18.83 7.03   14.81 -14.45 20.59
-30.8 11.81 -12.71 27.3 -0.61 41.94 2004 22.94 -14.96 47.7
-31.3 28 9.18 32.2 2004 FUND -3.27 -0.0327 -36.45 2002 FUND 22.75   -23.7 -17.49 -33.11
4/7/1900 13.63 0.91 3/24/1900 UNIVERSE -5.87 18.17 UNIVERSE 18.8 Standard Deviation 9.85 2007 21.13
11.93   -2.35 12/31/1997 POLICY -9.98 -0.0998 0.81   NA 16.25   Beta 0.88 12.37 0.94
10.71 0.87 0.0087 Incept 2008 1.76 0.0176 12.42 Annualized Alpha -1.57 -0.0157 55 -0.57 -0.0057
8.99   -0.19 31.1 -17.28 0.96 7.19   R-Squared 0.87 6.08 0.91
6.6 -1.9 2/4/1900 10 -0.16 2003 0.15 100 -0.09
2002 FUND 2005 20.05 3.47 87.6 -20.88   -3.69 29.19 1.72 23.98 -2.07
UNIVERSE 11.17 -0.86 Returns in Down Markets 32 5.68 24.16 3.72 15.39 6.54
POLICY 95 0.95 Policy Fund -15.25   0.45 20.71 -0.68 12.62 -0.12
13.96 4 R1000G -20.07 R1000G 16.94 Policy R1000V 9.91 R2000V
66 8 Ratio 2003 FUND -22.53 -0.2253 17   11.52   5 7.04 8
22.41 50 3 Yr UNIVERSE -25.72 23   2002 15 2006 12
17.21   -8.57 -31.2 POLICY -29.44 -0.2944 52.5   -2.55   65 9.21 60
14.97 7.4 -35.5 2007 -22.79 -11.88 -8.72 55 -24.89
13.26   15.97 88 19.32 25.14 -17.2 14.19 14 22.7
11.01 -8.71 5 Yr 46 47.93 -20.77 22.91 1 47.59
2001 FUND 2004 20.04 9.37 ################################## 19.35   -45.64   -27.68 -23.56 13.25 -38.89
UNIVERSE 23.62 1 ################################## 46 21.94   2001 Standard Deviation 10.43 11.5 21.3
POLICY 19.76 0.1976 0 3/27/1900 27.74   1   3.21 1 9.78 1
17.24 1 10 Yr 21.53 0 -3.96 0 6.28 0
15.21 0.13 -27.9 2002 FUND 18.79 0.1879 1 -8.36   1 -2.91 1
12.19 1.25 -35.5 UNIVERSE 15.69 -0.25 -13.19 0.39 2005 -0.06
2003   0 78.7 POLICY 10.15 0.1015 -5.52 -19.41   4.03 12.93 -1.18
27.84 Diff 12/31/1997 2006 0 43 0 91 0
25.03   0 Incept 4.42 Diff 20.52 Diff 17.75 Diff
23.22 0 -27 65 -2 10 3 71 -1
2000 FUND 20.96 0.2096 0 -34.3 6.03   2 22.45 -3 24.63 1
UNIVERSE 18.02 -0.9 78.7 49 -5 18.97 -30 21.81 -20
POLICY 2002 20.02 0.19 11.56   -0.32 16.22 0.59 20.3 -2.22
-5.31 1.09 8.5 -6.31 13.84 0.62 16.98 -2.11
-10.93 -4 2001 FUND 5.96 0.0596 -5.99 13.19 0.03 11.37 0.11
-13.63 -0.19 UNIVERSE 3.16 9.19 2003 -0.14 2004 5.78
-15.7   -0.09 POLICY -3.37 -0.0337 -3.77 29.45 -0.58 33.25 -0.17
-18.62 -2.35 2005 -0.19 24.5 -0.12 24.88 -0.06
2001   -0.13 12.97 1.76 23.64 -1.57 22.79 -0.57
4.41 -0.32 63 -0.04 20.59 -0.13 19.56 -0.09
1999 FUND -3.06 -0.0306 -3.15 11.6   0.09 16.24 -0.24 13.41 -0.03
UNIVERSE -8.63 3.47 74 1.83 2002 -2.31 2003 -0.89
POLICY -15.13 -0.1513 Incept 26.56   5.68 -8.3 3.72 36.11 6.54
-20.75 # of Negative Qtrs 18.97 Incept -14.37 Incept 29.71 Incept
2000 # of Positive Qtrs 2000 FUND 14.4 0.144 # of Negative Qtrs -17.9 # of Negative Qtrs 26.15 # of Negative Qtrs
22.04 Batting Average UNIVERSE 11.48 # of Positive Qtrs -20.69 # of Positive Qtrs 22.71 # of Positive Qtrs
15.71 Worst Qtr POLICY 7.67 0.0767 Batting Average -22.62 Batting Average 14.77 Batting Average
11.94 Best Qtr 2004 Worst Qtr 2001 Worst Qtr 2002 Worst Qtr
7.53 Range 4.45 Best Qtr 7.8 Best Qtr 9.49 Best Qtr
2.05 Worst 4 Qtrs 88 Range -2.53 Range 2.65 Range
1998 FUND 30.71 Standard Deviation 7.51 Worst 4 Qtrs -10.48 Worst 4 Qtrs -2.41 Worst 4 Qtrs
UNIVERSE 16 Beta 63 Standard Deviation -26.59 Standard Deviation -6.84 Standard Deviation
POLICY 28.58 Annualized Alpha 17.89 Beta -27.09 Beta -14.06 Beta
25 R-Squared 11.72 Annualized Alpha 2000 Annualized Alpha 2001 Annualized Alpha
35.85 Sharpe Ratio 8.74 R-Squared 26.23 R-Squared 14.31 R-Squared
28.5 Treynor Ratio 6.26 Sharpe Ratio 16.75 Sharpe Ratio 8.77 Sharpe Ratio
25.14 Tracking Error 2.04 Treynor Ratio 12.87 Treynor Ratio 3.66 Treynor Ratio
17.48 Information Ratio 2003 Tracking Error 7.17 Tracking Error -5.01 Tracking Error
7.55 Fund 20.02 Information Ratio 1.36 Information Ratio -19.22 Information Ratio
1997 6 63 Fund Fund Fund
36.26 10 25.91 17 9 8
32.81 43.75 19 30 14 14
30.27 -9.47 34.24 46.81 43.48 40.91
25.81 9.74 24.4 -23.11 -8.13 -27.11
15.95 19.21 21.58 21.83 17.8 20.59
1996 -12.71 18.63 44.94 25.93 47.7
28.82 8.97 13.1 -36.45 -23.7 -33.11
23.34 0.89 2002 18.61 10.39 20.46
21.69 -1.22 -17.69 0.81 0.9 0.93
18.67 0.86 19 2.22 -0.71 -0.0071 0.16 0.0016
13.52 0.05 -22.51 0.96 0.88 0.89
0.53 60 0.01 0.4 -0.05
3.51 -12.54 0.27 4.58 -1.13
-0.57 -18.67 5.62 3.78 7
Policy -21.5 0.42 -0.43 -0.01
6 -24.59 R1000G R1000V R2000V
10 -30.7 19 6 8
56.25 2001 28 17 14
-8.57 -33.13 53.19 56.52 59.09
10.43 24 -22.79 -8.72 -24.89
19 -45.64 26.74 17.27 22.7
-8.71 74 49.53 25.99 47.59
9.37 -27.62 -45.64 -23.56 -38.89
1 -33.35 22.39 10.79 20.71
0 -38.5 1 1 1
1 -46.64 0 0 0
0.26 -56.07 1 1 1
2.46 -0.09 0.53 -0.05
0 -2.12 5.76 -0.99
Diff 0 0 0
0 Diff Diff Diff
0 -2 3 0
-12.5 2 -3 0
-0.9 -6.38 -13.04 -18.18
-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 -3.78 -0.4 -0.25
-1.22 -0.19 -0.1 -0.07
-0.14 2.22 -0.71 0.16
-0.21 -0.04 -0.12 -0.11
-1.93 0.1 -0.13 0
3.51 2.39 -1.18 -0.14
3.51 5.62 3.78 7