Hollywood Police Officers' Pension Fund
June 30, 2005
Total Fund
		5 Year Return (p1)				5 Year Standard Deviation (p20)				Size		(p1)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2004		3.42	3.15	0.27		8.4	8.53	-0.13		0.343		Original Amount	59,084
12/31/2004		2.33	2.8	-0.47		8.06	8.43	-0.37		0.49		Net Flows	-1,135
3/31/2005		1.91	2.04	-0.13		7.77	8.05	-0.28		0.7		Gain/Loss	109,556
6/30/2005		2.37	2.64	-0.27		7.68	7.99	-0.31		1
												Total	167,505
Inverness Equities
		5 Year Return (p43)				5 Year Standard Deviation (p51)				Size		(p43)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2004		0.2	-1.31	1.51		16.62	16.51	0.11		0.343		Original Amount	18,638
12/31/2004		-1.87	-2.3	0.43		16.05	16.21	-0.16		0.49		Net Flows	-25,249
3/31/2005		-2.01	-3.16	1.15		15.76	15.5	0.26		0.7		Gain/Loss	64,975
6/30/2005		-1.55	-2.37	0.82		15.72	15.47	0.25		1
												Total	58,364
DHJ Total (Equity + Cash)
		Inception Return (p53)				Inception Standard Deviation (p59)				Size		(p53)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2004		-6.58	-4.92	-1.66		14.96	16.02	-1.06		0.343		Original Amount	10,795
12/31/2004		-4.16	-2.88	-1.28		14.91	15.82	-0.91		0.49		Net Flows	12,556
3/31/2005		-4.52	-3.16	-1.36		14.61	15.5	-0.89		0.7		Gain/Loss	-2,750
6/30/2005		-4.05	-10.36	6.31		14.63	20.4	-5.77		1
												Total	20,601
Inverness Fixed Income
		5-Year Return (p23)				5-Year Standard Deviation (p31)				Size
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2004		7.78	7.43	0.35		3.71	4.1	-0.39		0.343
12/31/2004		7.91	7.61	0.3		3.74	4.13	-0.39		0.49
3/31/2005		7.43	7	0.43		3.77	4.17	-0.4		0.7
6/30/2005		7.72	7.29	0.43		3.69	4.11	-0.42		1