HOLLYWOOD POLICE PDF
LOCK INVERNESS EQUITY EXECUTIVE HERE LOCK LOCK INVERNESS EQ. UNIVERSE HERE(p1) N/A LOCK LOCK INVERNESS EQUITY RISK HERE LOCK LOCK DHJ EQUITY EXECUTIVE HERE LOCK LOCK DHJ EQUITY Universe HERE(p1) N/A LOCK LOCK DHJ EQUITY RISK HERE LOCK EAGLE SMALL CAP EXECUTIVE HERE LOCK LOCK EAGLE SMALL CAP UNIVERSE HERE(P1) N/A LOCK LOCK EAGLE SMALL CAP RISK HERE LOCK LOCK BUCKHEAD TOTAL EQ EXECUTIVE HERE LOCK LOCK BUCKHEAD TOTAL EQ UNIVERSE HERE(P1) N/A LOCK LOCK BUCKHEAD TOTAL EQ RISK HERE LOCK LOCK EAGLE MIDCAP EQUITY LOCK LOCK EAGLE MIDCAP EQUITY LOCK LOCK EAGLE MIDCAP EQUITY LOCK LOCK Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund
Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund % Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund % Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund % % Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund % Hollywood Police Pension Fund Rhumbline Mid-cap Equity Index (inception 4/1/09) Rhumbline Mid-cap Equity Index (inception 4/1/09) Rhumbline Mid-cap Equity Index (inception 4/1/09)
Inverness Stock Returns Inverness Stock Returns Inverness Stock Returns Inverness Stock Returns DHJ Total Net Returns (Stocks + Cash) DHJ Total Net Returns (Stocks + Cash) DHJ Total Gross Returns (Stocks + Cash) DHJ Total Net Returns (Stocks + Cash) EAM Net Total (Stocks + Cash) EAM Net Total (Stocks + Cash) EAM Gross Total (Stocks + Cash) EAM Net Total (Stocks + Cash) Buckhead Net Total (Equity + Cash) Buckhead Net Total (Equity + Cash) Buckhead Gross Total (Equity + Cash) Buckhead Net Total (Equity + Cash) EAM Net Total (Mid-cap Stocks + Cash) EAM Net Total (Mid-cap Stocks + Cash) EAM Net Total (Mid-cap Stocks + Cash) Executive Summary Universe Comparisons Risk Measures
Executive Summary Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures 69 505 Broad Large Cap, 50% Broad Small Cap 71
44 Broad Large Cap Core Broad Large Cap Core 46 49 Broad Large Cap Growth Broad Large Cap Growth Core 51 54 Broad Small Cap Broad Small Cap 56 59 Broad Large Cap Value Core Broad Large Cap Value Core 61 64 50% Broad Large Cap, 50% Broad Small Cap 66 Inception date is January 5, 2009 70 Incept
Inception date is September 30, 1992 45 50 3 Yr Inception date is March 31, 2000 50 60 3 Yr Inception date is March 31, 2003 55 68 Incept 3 Yr Inception date is December 31, 2003 60 76 3 Yr Inception date is December 31, 2008 65 Incept 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. 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. 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. 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. 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. 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. 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. 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. 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 January 5, 2009 to March 31, 2009 Batting Average
Returns are gross of fees. Incept is September 30, 1992 to March 31, 2009 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is March 31, 2000 to March 31, 2009 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is March 31, 2003 to March 31, 2009 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is December 31, 2003 to March 31, 2009 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is December 31, 2008 to March 31, 2009 Batting Average Account Reconciliation Trailing Returns through March 31, 2009 Worst Qtr
Account Reconciliation Trailing Returns through March 31, 2009 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through March 31, 2009 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through March 31, 2009 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through March 31, 2009 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through March 31, 2009 Worst Qtr Beginning Value Fund Best Qtr
Beginning Value Fund 75-95th %tile Fund S&P 500 Best Qtr Beginning Value Fund 75-95th %tile Fund R1000G Best Qtr Beginning Value Fund 75-95th %tile Fund FR2000 Best Qtr Beginning Value Fund 75-95th %tile Fund R1000V Best Qtr Beginning Value Fund Best Qtr Net Flows Return Range
Net Flows Return -40.00% Range Net Flows Return -75.00% Range Net Flows Return -50.00% Range Net Flows Return -30.00% Range Net Flows Return Range Investment G/L %-tile Worst 4 Qtrs
Investment G/L %-tile -30.00% Worst 4 Qtrs Investment G/L %-tile -50.00% Worst 4 Qtrs Investment G/L %-tile -25.00% Worst 4 Qtrs Investment G/L %-tile -20.00% Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs Ending Value S&P 400 Standard Deviation
Ending Value S&P 500 -20.00% Standard Deviation Ending Value R1000G -25.00% Standard Deviation Ending Value FR2000 0.00% Standard Deviation Ending Value R1000V -10.00% Standard Deviation Ending Value S&P400 Standard Deviation 3/31/2009 Return Beta
3/31/2009 Return -10.00% Beta 3/31/2009 Return 0.00% Beta 3/31/2009 Return 25.00% Beta 3/31/2009 Return 0.00% Beta 3/31/2009 Return Beta Qtr %-tile Annualized Alpha
Qtr %-tile 0.00% Annualized Alpha Qtr %-tile 25.00% Annualized Alpha Qtr %-tile 50.00% Annualized Alpha Qtr %-tile 10.00% Annualized Alpha Qtr %-tile Annualized Alpha 4,996 Universe R-Squared
40,437 Universe 10.00% R-Squared 17,658 Universe 50.00% R-Squared 7,649 Universe 75.00% R-Squared 9,994 Universe 20.00% R-Squared 4,648 Universe R-Squared 0 5th %-tile Sharpe Ratio
-1,502 5th %-tile 20.00% Sharpe Ratio -1 5th %-tile 75.00% Sharpe Ratio -31 5th %-tile 100.00% Sharpe Ratio -1 5th %-tile 30.00% Sharpe Ratio 28 5th %-tile Sharpe Ratio -568 25th %-tile Treynor Ratio
-3,628 25th %-tile 30.00% Treynor Ratio -542 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio -853 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio -951 25th %-tile 40.00% Treynor Ratio -364 25th %-tile Treynor Ratio 4,428 4428000 50th %-tile Tracking Error
35,308 50th %-tile 40.00% Tracking Error 17,114 50th %-tile Fiscal Year Returns Ending September Tracking Error 6,766 50th %-tile Fiscal Year Returns Ending September Tracking Error 9,043 50th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Tracking Error 4,312 50th %-tile Tracking Error 2009 75th %-tile Information Ratio
2009 75th %-tile 50.00% Information Ratio 2009 75th %-tile Fund Information Ratio 2009 75th %-tile Fund Information Ratio 2009 75th %-tile Fiscal Year Returns Ending September Information Ratio 2009 75th %-tile Information Ratio YTD 95th %-tile Fund
YTD 95th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Fund YTD 95th %-tile Return Fund YTD 95th %-tile Return Fund Fund YTD 95th %-tile Fund Fund YTD 95th %-tile Fund 0 2 Qtrs 0.94
63,633 1 Yr Fiscal Year Returns Ending September 7 23,064 3 Qtrs %-tile 5 9,864 2 Qtrs %-tile 9 12,340 2 Qtrs Return 8 0 2 Qtrs 1 4,996 -28.32 0
-10,914 -37.25 -0.3725 Fund 5 -2 -33.31 R1000G 7 9 -31.49 FR2000 3 -1 -26.71 %-tile 4 4,676 -28.32 0 -568 -30.78 0
-17,411 30   Return 66.67 -5,947 23 Return 58.33 -3,108 23 Return Batting Average 75 -3,296 1 R1000V 50 -364 -30.78 100 4,428 -32.52 -11.36
35,308 -38.09 -0.3809 %-tile -23.27 17,114 -35.1 %-tile -23.43 6,766 -37.17 %-tile -22.88 9,043 -35.22 Return -19.01 4,312 -32.52 -7.88 1/5/2009 -34.2 -11.36
9/30/1992 51 S&P 500 9.72 3/31/2000 39 Universe 5.84 3/31/2003 73 Universe 9.83 12/31/2003 98 %-tile 6.77 12/31/2008 -34.2 -7.88 Incept -37.3 0
Incept -33.95 Return 32.99 Incept -30.46 5th %-tile 29.27 Incept -27.28 5th %-tile 32.71 Incept -29 Universe 25.78 Incept -37.3 0 4,996 3 Qtrs 30.67
  18,638 -36.89 %-tile -37.25 10,795 -33.64 25th %-tile -36.52 4,822 -32.01 25th %-tile -34.15 7,800 -30.5 5th %-tile -32.13   4,648 3 Qtrs 24.53 0 -30.48 1.07
-44,262 -38.08 Universe 17.68 14,362 -35.82 50th %-tile 16.75 189 -34.97 50th %-tile Standard Deviation 19.31 3,294 -30.7 25th %-tile 15.56 28 -30.48 0.85 -568 -35.06 -13.05
60,931 -38.61 5th %-tile 1 -8,043 -38.46 75th %-tile 0.93 1,755 -37.53 75th %-tile Beta 0.88 -2,051 -32.46 50th %-tile BETA 0.82 -364 -35.06 -2.53 4,428 -37.12 0.96
35,308  35,308,000                                                                                                            (41) 25th %-tile 3.81 17,114  17,114,000 -41.73 95th %-tile -0.15 6,766    6,766,000 -44.54 95th %-tile Annualized Alpha 4.16 0.0416 9,043             9,043,000 -34.77 75th %-tile ALPHA 0.75 0.0075 4,312    4,312,000 -37.12 1 Investment Policy -39.15 -0.37
Investment Policy 2 Yr 50th %-tile 0.96 Investment Policy 1 Yr Qtr 0.98 Investment Policy 3 Qtrs Qtr R-Squared 0.96 Investment Policy 3 Qtrs 95th %-tile 0.95 Investment Policy -39.15 -0.32 Index -42.05 -10.65
Index -19.16 75th %-tile -0.74 Index -32.95 -0.3295 QU. FUND -3.66 -0.0366 -0.84 Index -33.69 QU. FUND -2.59 -0.0259 -0.76 Index -30.41 Qtr -0.98 Index -42.05 -9.33 S&P Midcap 400 1 Yr 6.49
S&P 500 9 95th %-tile -13.14 Russell 1000 Growth 19 UNIVERSE 39   -15.08 Russell 2000 24 UNIVERSE 12   -16.64 Russell 1000 Value 1 -0.49 -0.0049 -18.65 S&P Midcap 400 1 Yr 4.32 Total -32.25 -0.59
Total -23.34 Qtr 3.38 Total -34.28 -0.3428 POLICY -3.9 -0.039 2.87 Total -37.86 POLICY -5.02 -0.0502 4.74 Total -39.18 36   4.9 Total -32.25 0.18 Weight -35.84 S&P 400
Weight 40 -1.55 -0.0155 0.99 Weight 37 46 0.24 Weight 42 54 1.18 Weight 85 0.59 0.0059 0.72 Weight -35.84 S&P400 100 -37.79 0.94
100 1 Yr FUND -18.47 QU. FUND 41   S&P 500 100 -29.11 -1.39 R1000G 100 -24.3 -1.91 Policy FR2000 100 -33.38 13 R1000V 100 -37.79 1 100 -39.63 0
100 UNIVERSE -22.48 UNIVERSE -1.44 -0.0144 7 100 -33.71 -3.05 6 100 -34.08 -3.39 7 100 -36 1.73 7 100 -39.63 0 Trailing Returns through March 31, 2009 -43.01 100
Trailing Returns through March 31, 2009 POLICY -23.47 POLICY 30 5 Trailing Returns through March 31, 2009 -35.42 -4.08   6 Trailing Returns through March 31, 2009 -38.14 -4.84   5 Trailing Returns through March 31, 2009 -36.39 -0.06 5 Trailing Returns through March 31, 2009 -43.01 0 Fund 2 Yr -7.5
Fund -24.72 0.64 33.33 Fund -37.92 -5.16 41.67 Fund -40.17 -6.35 25 Fund -37.37 -1.29 50 Fund 2 Yr -8.66 S&P 400 -20.06 -7.5
S&P 500 -27.12 -1.19 -21.94 R1000G -42.05 -6.87   -22.79 FR2000 -46.75 -9.22   -26.12 R1000V -40.65 -1.6 -22.18 S&P400 -20.06 -8.66 Diff -22.46 0
Diff 3 Yr -1.85 6.7 Diff 2 Yr YTD 6.86 Diff 1 Yr YTD 8.9 Diff 1 Yr -3.2   8 Diff -22.46 0 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -24.22 28.11
1 Yr -9.72 -0.0972 -3.28   28.64 1 Yr -16.97 -0.1697 2.22 29.65 1 Yr -34.15 -0.3415 10.76 35.02 1 Yr -32.13 -0.3213 YTD 30.18 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 1 Yr FUND -24.22 #REF! 28.81 1/5/2009 -26.15 1
-37.25 1   -5.66 -38.09 ############################################### 17 64 -38.44 ############################################### 23 20 -37.5 ############################################### 1   6.81   -42.42 12/31/2008 UNIVERSE -26.15 1 Incept -28.66 0
-38.09 -13.06 -0.1306 YTD   17.42 -34.28 -19.24 -0.1924 2.02 17.8 -37.5 -37.5 -0.375 9.44 Standard Deviation 21.43 -42.42 -42.42 -0.4242 24 18.56 Incept POLICY -28.66 #REF! 0 -11.36 3 Yr 1
0.84 38 6.94 1 1.33 36 67 1 3.35 45 28 1 10.29 95 7.91 1 -7.88 3 Yr 1 -7.5 -11.28 -0.27
2 Yr -10.64 16 0 2 Yr -14.97 8.65 0 2 Yr -26.59 13.84 0 2 Yr -36.85 13 0 -8.66 -11.28 -0.3 -3.86 -13.1 -7.54
-19.16 -12.7 4.85 1 ############################################### -18.28 5.33 1 ############################################### -34.55 9.78 1 ############################################### -38.08 9.32 1 0.78 -13.1 -8.71 Fiscal Year Returns Ending September -14.62 0
-23.34 -13.24 42 -0.95 -19.24 -20.5 2.98 -0.83 -26.26 -38.06 7.83 -0.94 -28.01 -38.32 6.74 -1.01 Fiscal Year Returns Ending September -14.62 0 Fund -16.08 Diff
4.18 -14.04 8.45 -16.48 2.27 -22.22 1.38 -14.7 5.09 -40.3 5.58 -20.22 6.03 -39.65 4.82 -18.82 Fund -16.08 Diff S&P 400 -18.08 0
3 Yr -15.76 5.82 0 3 Yr -24.01 -1.66 0 3 Yr -47.87 1.51 0 3 Yr -42.44   4.38 0 S&P400 -18.08 0 Diff 4 Yr 0
############################################### 4 Yr 4.67 Diff -10.6 3 Yr 2005   Diff ############################################### INCEPTION 2 Yr 2005   Diff ############################################### 2 Yr 1.98 Diff Diff 4 Yr 0 3/31/2009 -4.45 -100
Incept ROR -13.06 -4.03 3.13 0   ############################################### -10.6 -0.106 2004 FUND 13.12 0.1312 -1 ############################################### UNIVERSE -21.17 2004 FUND 21.9 0.219 2 ############################################### -21.98 -0.2198 2005 1    3/31/2009 -4.45 100   Qtr -6.11 -3.86
Fund 3.34 3 0.06 0   0.68 19 UNIVERSE 55   1 5.58 POLICY 19 UNIVERSE 23   -2 3.53 1 11.9 0.119 -1    Qtr -6.11 0.78   -11.36 -7.25 -3.86
Policy 4 Yr -7.43 2005 33.34   4 Yr -11.28 -0.1128 POLICY 11.6 0.116 16.66 4 Yr -26.26 POLICY 17.95 0.1795 50 4 Yr -28.01 -0.2801 62   0   -7.88 -7.25 0.78   -7.5 -8.44 0
-4.03 46 14.04   -1.33 ############################################### 31 71 -0.64 ############################################### 59 63 3.24 ############################################### 91 16.69 0.1669 3.17 -8.66 -8.44 0 -3.86 -10.07 2.56
-7.43 3 Yr FUND -4.51 2004 FUND 38 3.02 ############################################### 1 Yr FUND -8.86 25.77 -1.02 ############################################### -18.09 26.4 0.93 ############################################### -22.61 23 -1.23 0.78 -10.07 -4.28 2009 5 Yr 0.07
3.4 UNIVERSE -6.73 UNIVERSE 12.25 4.35 0.03 UNIVERSE -11.07 18.07 -0.38 4.29 -22.45 21.72 -2.31 1.81 -23.42 24.1 -4.4 2009 5 Yr -0.15 YTD 2008 2007 2006 2005 2004 2003 2002 2001 2000 -1.77 -13.05
5 Yr POLICY -7.53 POLICY 57 0.84 5 Yr POLICY -12.14 13.56   1.92 5 Yr   -25.31 19.25   3.35 5 Yr -23.84 16.12 10.29 YTD 2008 2007 2006 2005 2004 2003 2002 2001 2000 -1.77 -2.53 Returns in Up Markets -3.35 -0.04
-1.75 -8.08 22.88 0.26 ############################################### -13.54 11.02 -1.05 ############################################### -27.97 16.53 -2.12 ############################################### -25.88 12.74   -3 Returns in Up Markets -3.35 0 Fund -4.32 -0.1
-4.76 -9.45 15.79 0 -4.38 -15.47 7.76   -0.07 ############################################### -33.43 11.14   -0.12 ############################################### -30.45 11.06 -0.18 Fund -4.32 -0.02 S&P 400 -5.41 -3.11
3.01 5 Yr   12.59 3.81 0.49 4 Yr 2004   -0.15 4.91 3 Yr 2004   4.16 0.57 3 Yr 7.98   0.75 S&P400 -5.41 -0.62 Ratio -7.35 6.49
6 Yr -1.75 -0.0175 11.47 -0.04 6 Yr -5.69 -0.0569 2003 FUND 4.69 0.0469 -0.02 6 Yr 3 Yr FUND -11.22 -0.1122 2003 FUND 22.46 0.2246 -0.04 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -11.87 -0.1187 2004   -0.05 Ratio 3 Yr FUND -7.35 #REF! 4.32 1/5/2009 6 Yr
3.13 1   7.61 0.21 0.18 36 UNIVERSE 87   -0.01 1/5/1900 UNIVERSE 10 UNIVERSE 26   0.18 12/31/2003 7 23.92 0.2392 0.03 12/31/2008  N/A 6 Yr Incept 5.17
0.95 -4.76 -0.0476 2004 3.34 1/0/1900 -5.72 -0.0572 POLICY 7.51 0.0751 -0.38 1/3/1900 POLICY -16.8 -0.168 POLICY 18.78 0.1878 3.58 Incept -15.4 -0.154 18.34   0.17 Incept   5.17 #REF! Returns in Down Markets 3.65
2.18 49 13.63 3.38 -0.74 38 61 2.87 1.68 61 54 4.74 -3.47 85 14.42 0.1442 4.9 Returns in Down Markets 3.65 Fund 2.78
7 Yr -2.25 2003 FUND 39 5 Yr 7 Yr -2.74 15.25 5 Yr 7 Yr 8 Yr 9 Yr 10 Yr -10.49 28.92 4 Yr -4.16 -11.77 13.02 4 Yr Fund 2.78 S&P 400 1.95
-0.44 -4.14 UNIVERSE 13.87 5 Yr # of Negative Qtrs ############################################### -5.29   11.67 # of Negative Qtrs 3/31/2003 -13.29 22.49 # of Negative Qtrs 0.69 -13.11 8.08 # of Negative Qtrs S&P400 1.95 Ratio 0.57
############################################### -4.81 POLICY 35 # of Positive Qtrs ############################################### -6.15 8.28 # of Positive Qtrs Incept -16.28 19.1 # of Positive Qtrs Fiscal Year Returns Ending September -13.44 2003 # of Positive Qtrs Ratio 0.57 1/5/2009 7 Yr
2.76   -5.25 19.71 Batting Average 1/0/1900 -7.33 6.32 Batting Average 1/5/1900 -18.25 16.07 Batting Average Fund -14.82 27.67 Batting Average 12/31/2008 7 Yr Incept 0.78
8 Yr   -6.41 14.67 Worst Qtr 8 Yr -8.64 2.06 Worst Qtr 3.81 -22.31 8.02 Worst Qtr R1000V -16.98 23.98 Worst Qtr Incept 0.78 -11.4 -0.63
1/0/1900 6 Yr 13.19 Best Qtr ############################################### 5 Yr 2003   Best Qtr 1/1/1900 4 Yr 2003   Best Qtr Diff 4 Yr 21.95 Best Qtr -7.9 -0.63 -7.5 -1.44
-2.78 3.13 10.23 Range ############################################### -3.89 -0.0389 2002 FUND 19.31 0.1931 Range Fiscal Year Returns Ending September -3.44 -0.0344 2002 FUND 48.25 0.4825 Range 3/31/2009 -7.18 -0.0718 19.27   Range -8.7 -1.44 151.5 -2.3
3.38 8 5.93 Worst 4 Qtrs 0.59 35 UNIVERSE 63   Worst 4 Qtrs Fund 12 UNIVERSE 34.58   Worst 4 Qtrs Qtr 17 15.84 Worst 4 Qtrs 91 -2.3 -3.47
9 Yr 0.95 2003 Standard Deviation 9 Yr -4.38 -0.0438 POLICY 25.91 0.2591 Standard Deviation FR2000 -7.73 -0.0773 POLICY 30.01 0.3001 Standard Deviation -9.51 -0.0951 -8.99 -0.0899 2002   Standard Deviation 5 Yr FUND -3.47 8 Yr
-2.91 50 20.49 Beta ############################################### 51 17 Beta Diff 56 25.9 Beta ############################################### 80 -6.38 Beta  N/A 8 Yr 2.26
-5.08 5 Yr FUND 3.57 2002 FUND 73 Annualized Alpha ############################################### 3 Yr FUND -1.69 30.61 Annualized Alpha 3/31/2009 -1.99 19.17 Annualized Alpha 7.26 -5.92 -15.42 Annualized Alpha   2.26 0.98
2.17 UNIVERSE 1.73 UNIVERSE 24.4 R-Squared 3.55 UNIVERSE -3.08 23.77 R-Squared Qtr -5.38 2002 R-Squared 2009 -7.49 -18.95 R-Squared 0.98 0.04
10 Yr POLICY 0.94 POLICY 25 Sharpe Ratio 10 Yr POLICY -4.36 20.39   Sharpe Ratio -11.17 -7.54 6.59   Sharpe Ratio YTD -7.72 -20.72 Sharpe Ratio 0.04 -0.95
-0.38 0.62 29.75 Treynor Ratio 3/31/2000 -5.32 18.37 Treynor Ratio -14.95 -9.31 -1.82 Treynor Ratio -26.71 -8.65 -24.03   Treynor Ratio -0.95 -2.19
############################################### -0.56 24.33 Tracking Error Incept -6.76 14.19   Tracking Error 1/3/1900 -12.68 -7.42   Tracking Error ############################################### -12.16 2001 Tracking Error -2.19 Fiscal Year Returns Ending September
2.63 7 Yr 23.28 Information Ratio -5.3 6 Yr 2002   Information Ratio 2009 5 Yr -12.12   Information Ratio 8.51 5 Yr 5.47   Information Ratio Fiscal Year Returns Ending September Fund
9/30/1992 -0.44 20.05 Fund Fund -8.85 0.18 0.0018 2001 FUND -17.07 -0.1707 Fund YTD 5 Yr FUND -0.33 -0.0033 2001 FUND -19.94 -0.1994 Fund 2008 -4.37 -0.0437 -5.14   Fund Fund #REF! Return
Incept 4 14.08 10 3.55 72 UNIVERSE 15   7 ############################################### N/A 9 UNIVERSE 2001   9 ############################################### 19 -13.19 -0.27 8 Return %-tile
7.41 -3.2 2002 10 Fiscal Year Returns Ending September 0.92 0.0092 POLICY -22.51 -0.2251 13 -37.17   -5.24 -0.0524 POLICY 9.26 0.0926 7 -23.56 -4.94 -0.0494 -23.01   8 %-tile #REF! S&P 400
6.13 50 -7.86 Batting Average 60 Fund 54 63 55 1/5/1900 66 -2.9 68.75 1/2/1900 48 -27 0.2225 43.75 S&P400 Return
1.28 -0.68 2001 FUND 1 -23.27 R1000G 3.51 -12.11 -23.43 2008 0.72 -15.03 -22.88 2007 -2.41 2000 -19.01 Return %-tile
Fiscal Year Returns Ending September -2.51 UNIVERSE -20.49 9.72 Diff 1.99 -19.07 10.88 ############################################### -2.42 -25.09 11.93 1/13/1900 -4.74 22.25 6.77 %-tile Universe
Fund -3.21 POLICY 60 32.99 3/31/2009 1.05 -21.45 34.31 ############################################### -4.08 -41.08 34.81 1/14/1900 -4.96 13.38 25.78 Universe 5th %-tile
S&P 500 -3.69 -10.38 -37.25 Qtr   -0.1 -23.71 -36.52 0.7 -5.84 2000 -34.15 -1.36 -5.51 8.39 -32.13 5th %-tile 25th %-tile
Diff -4.88 -17.12 Standard Deviation 14.87 -3.07   -1.07 -29.04 14.38 2007 -10.32 62.14 18.26 2006 -8.96 3.08 14.01 25th %-tile 50th %-tile
3/31/2009 8 Yr -19.82 Beta 1 -4.12 7 Yr 2001   0.94 1/22/1900 6 Yr 39.49   Beta 0.87 11.63 6 Yr -3.5 0.81 50th %-tile 75th %-tile
Qtr 0.6 -21.16 Annualized Alpha 3.19 0.0319 1.05 -3.4 2000 FUND -30.23 -0.3023 0.21 0.0021 12.34 5.49 2000 FUND 30.15 0.3015 Alpha 3.32 0.0332   14.62 2.8 1999   -0.05 -0.0005 75th %-tile   95th %-tile
-9.39 2 -25.68 R-Squared 0.95   2009 57 UNIVERSE 7   0.97 9.9 24 UNIVERSE 19.95   0.96 ############################################### 1.35 28.08 0.1547 0.93 95th %-tile Qtr
-11.01 -2.78 2001 -0.32 YTD -3.6 POLICY -45.64 -0.4564 -0.48 2006 3.81 POLICY 9.11 0.0911 -0.38 2005 0.83 20.54   -0.76 Qtr -11.36
1.62 50 -31.06 -4.81 -25.79 62 84 -7.39 1/9/1900 58 1999 -7.9 1/11/1900 0.62 15.47 0.0446 -13.1 -7.88 -0.0788 -7.5
2009 -0.04 2000 FUND 84 3.26 -25.97 5 Yr FUND -1.09 -29.08 2.52 1/9/1900 8.77 50.94 4.71 16.69 -0.14 11.7 4.93 9 YTD
YTD -1.86 UNIVERSE -26.62 0.92 0.18 UNIVERSE -2.46 -35.09 0.19 -0.13 5.3 31.67 0.91 ############################################### 7 Yr 4.46 0.37 -8.66 -0.0866 -28.32
-30.48 -2.81 POLICY 52 Policy S&P 500 2008 POLICY -3.16 -38.5 R1000G 2005 4.15 21.4 FR2000 2004 2003 2002 2001 2000 -0.68 1998 R1000V 14 -30.78
-30.54 -3.22 -12.56 9 ############################################### -4.32 -43.41 8 1/20/1900 3.14 11.57 7 Returns in Up Markets -2.47 9.83 7 -6.94 -32.52
0.06 -4.25 -20.73 11 -20.88 -5.37 -51.41 12 17.95 -0.13 1.61 9 Fund -3.28 6.07 9 -9.74 -34.2
2008 9 Yr -26.57 40 3.82 8 Yr 2000 45 3 7 Yr 1998 31.25 R1000V -3.56 1.83 56.25 -11.47 -37.3
-19.8 -2.91 -28.89 -21.94 2007 -2.81 46.3 -22.79 2004 4.11 -1.61 -26.12 Ratio -4.14 -0.8 -22.18 -13.38 2008
-21.98 29 -35.02 9.23 18.2 46 27.14 9.17 1/21/1900 1.02 -9.72 13.93 3 Yr 8 Yr -5.82 8 -15.74 -15.24
1/2/1900 -5.08 2000 31.17 19.35 -3.4 20.88 31.96 1/18/1900 -0.27 -16.12 40.05 14.7 0.03 30.18 YTD -17.94
2007 55 16.14 -38.09 -1.15 56 14.34 -38.44 2.72 -1.82 -20.15 -37.5 1/17/1900 -1.61 -42.42 -28.32 -19.91
26.79 0.52 30 14.57 2006   -0.46 8.45 15.07 2003 2002 2001 2000 -3.92 -27.66 20.62 83.1 -2.86 16.76 -30.78 -22.35
1/16/1900 -2.6 13.28 Standard Deviation 1 1/3/1900 -2.13 1999 1 Returns in Up Markets 8 Yr   1 4 Yr -3.09 1 -32.52 -25.5
1/10/1900 -4.99 46 0 6.03 -3.15 38.21 0 Fund 5.91 0 11.9 -3.45 0 -34.2 2007
2006 -5.46 27.56 1 -2.06 -4.25 31.55 1 FR2000 3.64   1 1/15/1900 Fiscal Year Returns Ending September 1 -37.3 22.89
13.06 -8.14 17 -0.54 2005 -5.14 27.96 -0.49 Ratio 1.91 -0.54 75.6 Fund -0.74 2008 18.82
10.79 10 Yr 13.02 -7.82 12.44 9 Yr 26.33 -7.44 3 Yr 0.47 -11.16 5 Yr Return #VALUE! -12.42 QU. FUND -15.24 #REF! 16.23
2.27 -0.38 9.15 0 11.6 -5.3 20.01 0 18 -1.91 0 10.6 %-tile 0 UNIVERSE -17.94 13.92
2005 19 1.34 Diff 0.84 33 1998 Diff 13.5 Fiscal Year Returns Ending September Diff 14.9 R1000V #VALUE! Diff POLICY -19.91 #REF! 11.29
14.04 -3.01 1999 1 2004 -8.85 16.52 -1 133.6 Fund 2 70.9 Return 1 -22.35 2006
12.25 59 30.59 -1 1/4/1900 85 9.1 1 4 Yr Return #VALUE! -2 12/31/2003 %-tile #VALUE! -1 -25.5 12.71
1.79 1.51 19 20 7.51 -1.75 7.45 10 20.7 %-tile 37.5 Incept Universe -12.5 2007 10.4
2004 -1.14 26.68 -1.33 -3.34 -4.95 2.95 -0.64 18.8 FR2000 #VALUE! 3.24 11 5th %-tile #VALUE! 3.17 22.89 8.8
13.63 -2.62 41 0.49 2003 -6.59 -4.96 1.71 110.1 Return -2 14.8 25th %-tile -1.23 18.82 6.97
13.87 -3.34 36.18   1.82 1/18/1900 -8.1 2.35 5 Yr QU. FUND %-tile #VALUE!   -5.24 74.5 50th %-tile #VALUE! -4.4 16.23 4.34
-0.24 -4.36 28.77 0.84 1/25/1900 -10.38 1.92 1/24/1900 UNIVERSE Universe 3.35 Returns in Down Markets 75th %-tile 10.29 13.92 2005
2003 Fiscal Year Returns Ending September 24.51   0.3 -7.18 Fiscal Year Returns Ending September -0.69 21 POLICY 5th %-tile #VALUE!   -2.36 Fund 95th %-tile #VALUE! -2.75 11.29 22.12
20.49 Fund 16.71 0 2002 Fund -0.06 115.6 25th %-tile -0.13 R1000V Qtr -0.19 2006 18.44
24.4 Return 9.03 3.19 ############################################### Return 0.21 3/31/2003 50th %-tile #VALUE! 3.32 Ratio -9.51 -0.0951 -0.05 12.71 16.45
-3.91 %-tile 1998 -0.05 ############################################### %-tile -0.03 Incept 75th %-tile -0.04 3 Yr 6 -0.07 10.4 14.54
2002 S&P 500 6.61 0.22 5.01 R1000G 0.01 28.3 95th %-tile #VALUE! 0.16 -27 -16.77 -0.1677 -0.02 8.8 11.8
-7.86 Return 31 3.01 2001 Return 0.05 31.2 Qtr 3.26 -33.2 96 -0.68 6.97 2004
-20.49 %-tile 10.1 3.26 ############################################### %-tile #VALUE! 2.52 90.8 -11.17 -0.1117 4.71 81.4 -9.31 4.93 4.34 21.49
1/12/1900 Universe 13 10 Yr ############################################### Universe 8 Yr Returns in Down Markets 39 5 Yr 4 Yr -10.98 5 Yr 2005 Incept 18.03
2001 5th %-tile 15.53 # of Negative Qtrs 15.09 5th %-tile #VALUE! # of Negative Qtrs Fund -14.95 -0.1495 # of Negative Qtrs -27 -11.15 # of Negative Qtrs 22.12 15.72
-31.06 25th %-tile 7.46 # of Positive Qtrs 2000 25th %-tile # of Positive Qtrs FR2000 70 # of Positive Qtrs -33.2 -12.68 # of Positive Qtrs 18.44 13.24
-26.62 50th %-tile 3.17   Batting Average Returns in Up Markets 50th %-tile #VALUE! Batting Average Ratio -4.59 Batting Average 81.4 -16.57 Batting Average 2002 FUND 16.45 #REF! 9.71
-4.44 75th %-tile -0.89 Worst Qtr Fund 75th %-tile Worst Qtr 3 Yr -9.23 Worst Qtr 5 Yr YTD Worst Qtr UNIVERSE 14.54 2003
2000 95th %-tile -8.95   Best Qtr R1000G 95th %-tile #VALUE! Best Qtr -27.5 -12.5 Best Qtr -27 -26.71 Best Qtr POLICY 11.8 #REF! 35.1
16.14 Qtr 27.93 Range Ratio Qtr Range -33.3 -15.67 Range -33.2 1 Range 2004 28.88
13.28 -9.39 -0.0939 Worst 4 Qtrs 3 Yr -3.07 -0.0307 Worst 4 Qtrs 3/22/1900 -19.3 Worst 4 Qtrs 3/21/1900 -35.22 Worst 4 Qtrs 21.49 26.15
2.86 27 Standard Deviation 1/13/1900 25 Standard Deviation 4 Yr YTD Standard Deviation 12/31/2003 98 Standard Deviation 18.03 23.21
Returns in Up Markets -11.01 -0.1101 Beta 16.4 -4.12 -0.0412 Beta -27.5 -31.49 Beta Incept -29 Beta 15.72 19.61
Fund 61 Annualized Alpha 83.7 36 Annualized Alpha -33.3 23 Annualized Alpha -27 -30.5 Annualized Alpha 13.24 2002
S&P 500 -4.24   R-Squared 5 Yr 1.06 R-Squared 82.6 2002 FUND -37.17   R-Squared -33.2 -30.7 R-Squared 9.71 -5.3
Ratio -9.27 Sharpe Ratio 1/14/1900 -3.28 Sharpe Ratio 5 Yr UNIVERSE 73 Sharpe Ratio 81.4 -32.46 Sharpe Ratio 2003 -9.61
3 Yr -10.94   Treynor Ratio 16.5 -5.12 Treynor Ratio -23.9 POLICY -27.28   Treynor Ratio -34.77 Treynor Ratio 2001 FUND 35.1 #REF! -12.86
26.4 -11.38 Tracking Error 89.5 -7.93 Tracking Error -29.7 -32.01 Tracking Error 2008 Tracking Error UNIVERSE 28.88 -16.03
18 -15.56   Information Ratio 8 Yr -10.36 Information Ratio 80.4 -34.97 Information Ratio -20.81 Information Ratio POLICY 26.15 #REF! -20.1
146.5 YTD Fund 1/18/1900 YTD Fund 3/31/2003 -37.53 Fund 16 Fund 23.21 2001
5 Yr -30.48 19 24.2 -25.79 12 Incept -44.54 11 -23.56 10 19.61 -3.84
21.4 48 21 77.5 32 20 -23.9 2008 9 82 10 2002   -12.9
16.7 -30.54 57.5 3/31/2000 -25.97 46.88 -29.7 -13.78 75 -19.07 40 -5.3 Batting Average -19.57
128.3 53 -23.27 Incept 35 -23.43 80.4 23 -22.88 -21.82 -19.01 -9.61 -26.39
10 Yr -25.96   19.48 18.7 -21.33 10.88 2001 FUND -14.48   14.17 -22.18 9.38 -12.86 -35.34
27.7 -29.45 42.75 24.2 -25.12 34.31 UNIVERSE 28 37.05 -22.85 28.39 -16.03
24.3 -30.51   -37.25 77.5 -27.33 -36.52 POLICY -9.16   -34.15 -26.29 -32.13 2000 FUND -20.1 #REF!
114 -30.97 15.88 Returns in Down Markets -29.33 14.45 -14.29 17.18 2007 13.04  N/A 2001 Standard Deviation
9/30/1992 -33.86   0.97 Fund -31.82 0.83 -17.49 0.85 13.09 0.8   -3.84 #REF! Beta
Incept 2008 2.69   R1000G 2008 -0.09 -0.0009 -21.37 4.14 0.0414 86 -0.56 -0.0056 -12.9 Annualized Alpha #REF!
26.8 -19.8 0.93 Ratio -17.06 0.93 -27.08 0.94 14.45 0.92 -19.57 R-Squared
25.5 15 -0.22 3 Yr 10 -0.38 2007 -0.2 78 -0.57 -26.39
105.1 -21.98 -3.68 -29.7 -20.88 -6.54 22.24 -3.99 22.93 -9.29 -35.34
Returns in Down Markets 40 4.21 -32.4 32 4.75 20 5.07 17.32 4.78
Fund -17.99   0.62 91.8 -15.25 0.12 2000 FUND 12.34   0.97 16.09 0.12
S&P 500 -21.1 S&P 500 5 Yr -20.07 R1000G UNIVERSE 72 FR2000 14.63 R1000V Policy
Ratio -22.15   18 -26.4 -22.53 13 POLICY 29.81   9 10.97 7 1999 FUND #REF!
3 Yr -23.44 22 -28.9 -25.72 19 20.77 11 2006 13  N/A
-29 -26.55   42.5 91.1 -29.44 53.12 15.19 25 11.63 60   #REF!
-30.1 2007 -21.94 8 Yr 2007 -22.79 11.98 -26.12 46 -22.18
96.3 26.79 15.39 -27.4 18.2 15.14 8.13 14.09 14.62 10.38
5 Yr 1 37.33 -33.1 55 37.93 2006 40.21 9 32.56
-24.1 16.44 -38.09 83 19.35 -38.44 9.79 -37.5 15.53 -42.42
-25.7 43 15.73 3/31/2000 46 16.75 30 19.68 13.04 15.57 Standard Deviation
93.9 22.84   1 Incept 27.74 1 1999 FUND 9.92   1 11.24 1
10 Yr 17.81 0 -26.5 21.53 0 N/A 29 0 10.32 0
-26.5 16.27   1 -35.5 18.79 1   14.58   1 7.31 1 1998 FUND #REF!
-28.4 15.53 -0.39 74.5 15.69 -0.36 10.38 -0.42 2005 -0.51  N/A
93.2 12.47   -6.2 10.15 -6.02 7.72 -8.3 11.29 -8   #REF!
9/30/1992 2006 0 2006 0 4.83 0 73 0
Incept 13.06 Diff 3.97 Diff 2.19 Diff 16.69 Diff
-26.7 9 1 70 -1 2005 2 23 3
-27.8 10.79 -1 6.03 1 20.95 -2 24.1 -3
95.8 29 15 49 -6.24 35 50 16.12 -20
13.68 -1.33 11.56 -0.64 1998 FUND 17.95 3.24 12.74 3.17
10.94 4.09 8.5 -4.26 N/A 63 0.08 11.06 -1
10.25   5.42 5.96 -3.62   26.4   -3.16 7.98 -4.17 #REF!
7.48 0.84 3.16 1.92   21.72 3.35 2004 10.29
2.85   0.15 -3.37 -2.3 19.25   -2.5 23.92 -2.53 #REF!
2005 -0.03 2005 -0.17 16.53 -0.15 18.34 -0.2
14.04 2.69 12.44 -0.09 11.14 4.14 14.42 -0.56
38 -0.07 67 -0.07 2004 -0.06 13.02 -0.08
12.25 0.17 11.6 -0.02 21.5 0.22 8.08 -0.06
57 2.52 74 -0.52 31 4.31 2003 -1.29
22.88 4.21 26.56 4.75 18.78 5.07 27.67 4.78
15.79 Incept Incept 18.97 Incept Incept 54 Incept 23.98 Incept
12.59   # of Negative Qtrs 14.4 # of Negative Qtrs 28.92   # of Negative Qtrs 21.95 # of Negative Qtrs  
11.47 # of Positive Qtrs 11.48 # of Positive Qtrs 22.49 # of Positive Qtrs 19.27 # of Positive Qtrs
7.61   Batting Average 7.67 Batting Average 19.1   Batting Average 15.84 Batting Average  
2004 Worst Qtr 2004 Worst Qtr 16.07 Worst Qtr 2002 Worst Qtr
13.63 Best Qtr 4.17 Best Qtr 8.02 Best Qtr -6.38 Best Qtr
39 Range 90 Range 2003 Range -15.42 Range
13.87 Worst 4 Qtrs 7.51 Worst 4 Qtrs 48.25 Worst 4 Qtrs -18.95 Worst 4 Qtrs
35 Standard Deviation 63 Standard Deviation 34.58 Standard Deviation -20.72 Standard Deviation
19.71 Beta 17.89 Beta 30.01 Beta -24.03 Beta
14.67 Annualized Alpha 11.72 Annualized Alpha 25.9 Annualized Alpha 2001 Annualized Alpha
13.19 R-Squared 8.74 R-Squared 19.17 R-Squared 5.47 R-Squared
10.23 Sharpe Ratio 6.26 Sharpe Ratio 2002 Sharpe Ratio -5.14 Sharpe Ratio
5.93 Treynor Ratio 2.04 Treynor Ratio 6.59 Treynor Ratio -13.19 Treynor Ratio
2003 Tracking Error 2003 Tracking Error -1.82 Tracking Error -23.01 Tracking Error
20.49 Information Ratio 18.73 Information Ratio -7.42 Information Ratio -27 Information Ratio
73 Fund Fund 75 Fund Fund -12.12 Fund Fund
24.4 21 25.91 15 -19.94 11 10
25   45 19 21 2001 13 11
29.75 Batting Average 53.03 34.24 Batting Average 52.78 9.26 62.5 42.86
24.33 -23.27 24.4 -23.43 -2.9 -22.88 -19.01
23.28 22.14 21.58 10.88 -15.03 14.26 9.38
20.05 45.41 18.63 34.31 -25.09 37.14 28.39
14.08 -37.25 13.1 -36.52 -41.08 -34.15 -32.13
2002 Standard Deviation 14.92 2002 Standard Deviation 14.94 16.44 12.84
-7.86 Beta 0.97 -17.5 Beta 0.75 0.8 0.81
1 Annualized Alpha 1.47 0.0147 18 Annualized Alpha 1.23 0.0123 2.18 0.0218 0.000218 -0.24 -0.0024
-20.49 R-Squared 0.92 -22.51 R-Squared 0.89 0.92 0.92
60 0.24 60 -0.55 0.17 -0.5
-10.38 3.75 -12.54 -11.05 3.47 -7.94
-17.12 4.13 -18.67 6.94 6 4.68
-19.82 0.31 -21.5 0.51 0.28 0.15
-21.16 Policy S&P 500 -24.59 Policy R1000G FR2000 R1000V
-25.68 20 -30.7 17 9 7
2001 46 2001 19 15 14
-31.06 46.97 -30.55 47.22 37.5 57.14
84 -21.94 14 -22.79 -26.12 -22.18
-26.62 21.13 -45.64 15.14 23.42 10.38
52 43.07 74 37.93 49.54 32.56
-12.56 -38.09 -27.62 -45.64 -37.5 -42.42
-20.73 Standard Deviation 14.82 -33.35 Standard Deviation 18.87 19.6 15.26
-26.57 1 -38.5 1 1 1
-28.89 0 -46.64 0 0 0
-35.02 1 -56.07 1 1 1
0.16 -0.63 0.06 -0.47
2.36 -11.84 1.1 -7.12
0 0 0 0
Diff Diff Diff Diff
1 -2 2 3
-1 2 -2 -3
6.06 5.56 25 -14.28
-1.33 -0.64 3.24 3.17
1.01 -4.26 -9.16 -1
2.34 -3.62 -12.4 -4.17
0.84 9.12 3.35 10.29
0.1 -3.93 -3.16 -2.42
-0.03 -0.25 -0.2 -0.19
1.47 1.23 2.18 -0.24
-0.08 -0.11 -0.08 -0.08
0.08 0.08 0.11 -0.03
1.39 0.79 2.37 -0.82
4.13 6.94 6 4.68
-0.09
0.02
0.64
4.32