HOLLYWOOD POLICE PDF
LOCK TOTAL FUND EXECUTIVE HERE LOCK LOCK TOTAL FUND UNIVERSE HERE(p1) LOCK TOTAL FUND UNIVERSE HERE(p2) LOCK TOTAL FUND RISK MEASURES LOCK LOCK TOTAL EQUITY EXECUTIVE HERE LOCK LOCK TOTAL EQUITY UNIVERSE HERE(p1) TOTAL EQUITY UNIVERSE HERE(p2) LOCK LOCK TOTAL EQUITY RISK HERE LOCK LOCK TOTAL FIXED EXECUTIVE HERE LOCK TOTAL FIXED UNIVERSE HERE(p1) TOTAL FIXED UNIVERSE HERE(p2) LOCK LOCK TOTAL FIXED RISK MEAS. HERE LOCK
START @B3 Hollywood Police Pension Fund START @E3 Hollywood Police Pension Fund % Hollywood Police Pension Fund START @H3 Hollywood Police Pension Fund % START @N3 Hollywood Police Pension Fund START @Q3 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
Total Fund Total Gross Returns Total Fund Total Gross Returns Total Gross Returns Total Fund Total Gross Returns Total Equity Total Equity Returns Total Equity Total Equity Returns Total Equity Returns Total Equity Returns INVERNESS Bond Returns INVERNESS Bond Returns INVERNESS Bond Returns INVERNESS Bond Returns
Executive Summary Universe Universe Comparisons Universe Comparisons Risk Measures Risk Measures Executive Summary Universe Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Universe Comparisons Risk Measures
3 33%BLCC,10%BLCGC,7%BLCVC,4%BSC,23%BFI,23%IFI 33%BLCC,10%BLCGC,7%BLCVC,4%BSC,23%BFI,23%IFI 22 37 61.1%BLCC, 18.5%BLCGC, 13%BLCVC, 7.4%BSC 61.1%BLCC, 18.5%BLCGC, 13%BLCVC, 7.4%BSC 45 26 50% Broad FI, 50% Intermediate FI 50% Broad FI, 50% Intermediate FI 34
Inception date is September 30, 1992 5 6 3 Yr Inception date is September 30, 1992 39 40 3 Yr Inception date is September 30, 1992 28 29 3 Yr
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
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 are gross of fees. Incept is September 30, 1992 to June 30, 2006 Fiscal Year Returns Ending September Batting Average Returns are gross of fees. Incept is September 30, 1992 to June 30, 2006 Fiscal Year Returns Ending September Batting Average Returns are gross of fees. Incept is September 30, 1992 to June 30, 2006 Fiscal Year Returns Ending September Batting Average
Account Reconciliation Trailing Returns through June 30, 2006 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through June 30, 2006 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through June 30, 2006 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr
Beginning Value 5-25th %tile 25-50th %tile 50-75th %tile 75-95th %tile Fund Index Best Qtr Beginning Value 5-25th %tile 25-50th %tile 50-75th %tile 75-95th %tile Fund Index Best Qtr Beginning Value 5-25th %tile 25-50th %tile 50-75th %tile 75-95th %tile Fund Index Best Qtr
Net Flows 75-95th %tile Fund Index -20.00% Range Net Flows 75-95th %tile Fund Index -40.00% Range Net Flows 75-95th %tile Fund Index -5.00% Range
Investment G/L -5.00% -10.00% Worst 4 Qtrs Investment G/L -10.00% -30.00% Worst 4 Qtrs Investment G/L -2.00% 0.00% Worst 4 Qtrs
Ending Value 0.00% 0.00% Standard Deviation Ending Value -5.00% -20.00% Standard Deviation Ending Value -1.00% 5.00% Standard Deviation
6/30/2006 5.00% 10.00% Beta 6/30/2006 0.00% -10.00% Beta 6/30/2006 0.00% 10.00% Beta
Qtr 10.00% 20.00% Annualized Alpha Qtr 5.00% 0.00% Annualized Alpha Qtr 1.00% 15.00% Annualized Alpha
181,076 15.00% 30.00% R-Squared 112,125 10.00% 10.00% R-Squared 63,357 2.00% 20.00% R-Squared
-1,374 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 40.00% Sharpe Ratio -2,760 15.00% 20.00% Sharpe Ratio 324 3.00% 25.00% Sharpe Ratio
-2,044 Trailing Returns through June 30, 2006 Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio -2,169 20.00% 30.00% Treynor Ratio 61 4.00% Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio
177,658 Fund Fiscal Year Returns Ending September Tracking Error 107,196 25.00% 40.00% Tracking Error 63,742 5.00% Fiscal Year Returns Ending September Tracking Error
2006 Return Fund Information Ratio 2006 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 50.00% Information Ratio 2006 6.00% Fund Information Ratio
YTD %-tile Return Fund YTD Trailing Returns through June 30, 2006 60.00% Fund YTD 7.00% Return Fund
172,597 Index %-tile 3 103,027 Fund Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 3 63,632 8.00% %-tile 4
-1,736 Return   Index 9 -2,417 Return Fiscal Year Returns Ending September   9 65 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr Index 8
6,797 %-tile Return 66.67 6,587 %-tile Fund 41.67 45 Trailing Returns through June 30, 2006 Return 66.67
177,658 Universe   %-tile -1.14 107,196 Index Return   -2.4 63,742 Fund %-tile -2.18
9/30/1992 5th %-tile Universe 6.78 9/30/1992 Return %-tile 11.66 9/30/1992 Return Universe 2.95
Incept 25th %-tile 5th %-tile 7.92 Incept %-tile Index 14.06 Incept %-tile 5th %-tile 5.13
59,084 50th %-tile 25th %-tile 4.94 18,638 Universe Return 6.27 36,929 Index 25th %-tile -0.51
-2,395 75th %-tile 50th %-tile 4.78 9,506 5th %-tile %-tile 8.27 -11,665 Return 50th %-tile 3.55
120,969 95th %-tile 75th %-tile 1.03 79,052 25th %-tile Universe 1 38,478 %-tile 75th %-tile 0.87
177,658  177,658,000 1 Yr 95th %-tile 0.57 107,196   107,196,000 50th %-tile 5th %-tile 0.31 63,742    63,742,000  Universe  95th %-tile 0.66
Investment Policy 6.81 0.0681 Qtr 0.91 Investment Policy 75th %-tile 25th %-tile 0.95 Investment Policy 5th %-tile Qtr 0.99
Index 7 -1.14 -0.0114 1.17 Index 95th %-tile 50th %-tile 1.19 Index 25th %-tile QU. FUND 0.1 0.001 -0.08
S&P 500 1 Yr FUND 4.48 0.0448 38 5.41 S&P 500 1 Yr 75th %-tile 9.83 Lehman Gov/Credit-Intermediate 50th %-tile UNIVERSE 49 -0.33
Lehman Gov/Credit-Intermediate UNIVERSE 64 -1 -0.01 1.44 Russell 1000 Growth 11.61 0.1161   95th %-tile   1.77 Lehman Gov/Credit Bond 75th %-tile   POLICY 0.03 0.0003 0.65
Lehman Gov/Credit Bond POLICY 6.95 27 0.56 Russell 1000 Value 10     Qtr 0.21 Total 95th %-tile 59   0.74
Other 5.68 Qtr -0.43 Index Russell 2000 1 Yr FUND 9.07 0.0907 Qtr -1.98 -0.0198 Index Weight 1 Yr 0.61 Index
Weight 4.82 UNIVERSE -0.98 3 Weight UNIVERSE 47 UNIVERSE 29 3 50 -0.51 -0.0051 0.31   5
33 4.11 POLICY -1.3 9 61.1 POLICY 12.47 POLICY -1.9 -0.019 9 50 1 Yr FUND 74 0.09 7
23 2.79 -1.81 33.33 18.5 10.11 26 58.33 100 UNIVERSE -0.86 -0.0086 -0.1 33.33
23 2 Yr -2.72 -1.67 13 8.88 -0.9 -2.46 Trailing Returns through June 30, 2006 POLICY 87 -0.36 -2.84
21 6.34   YTD 6.42 7.4 7.53 -1.9   12.03 Fund 2.82 YTD 3.13
Trailing Returns through June 30, 2006 22 3.94 8.09 Trailing Returns through June 30, 2006 4.94 -2.42 14.49 Index 1.16 0.07   5.97
Fund 5.49   8 3.54 Fund 2 Yr -3.3   5.26 Diff 0.2 71 -0.86
Index 46 2.7 4.43 Index 8.91 -4.73 8.06 1 Yr -0.56 -0.12   4.04
Diff 7.66 50 1 Diff 27 YTD 1 -0.51 -1.17 81 1
1 Yr 6.16 4.11 0 1 Yr 7.87 6.28 0 -0.86 2 Yr 2.16 0
6.81 5.34 3.27 1 11.61 51 12 1 0.35 2.52 1.15 1
4.48 4.71 2.7 1.07 9.07 11.34 5.07 1.17 2 Yr 47 0.49 -0.19
2.33 3.54 2.04 4.76 2.54 9.11 37 9.46 2.52 2.52 -0.05 -0.77
2 Yr 3 Yr 0.86 0 2 Yr 7.93 7.09 0 2.52 47 -0.53 0
6.34 7.88 0.0788 2005 Diff 8.91 6.62   5.48 Diff 1/0/1900 4.06 2005 Diff
5.49 25   9.21 0 7.87 3.91 4.59   0 3 Yr 2.84 2004 2.02 0.0202 -1
0.85 3 YR FUND 7.07 0.0707 32 0 1.04 3 Yr 3.64   0 2.02 2.47 UNIVERSE 68 1
3 Yr UNIVERSE 51 8.03 33.34 3 Yr 12.14 0.1214 1.56     -16.66 1.54 2.13 POLICY 2.02 0.0202 33.34
7.88 POLICY 9.61 67   0.53 12.14 37   2005 0.06 0.48 1.36 68   0.66
7.07 7.83 2004 11.4 0.114 0.36 11.77 3 YR FUND 11.77 0.1177 2004 14.34 0.1434 -0.37 4 Yr 3 Yr 4.66 -0.18
0.81 7.08 UNIVERSE 9.46   -0.17 0.37 UNIVERSE 46 UNIVERSE 41 -0.43 4.45 2.02 0.0202 2.94   -0.84
4 Yr 6.37 POLICY 8.52 0.0852 1.4 4 Yr POLICY 15.41 POLICY 13.15 0.1315 1.01 4.06 3 YR FUND 29 2.38 0.35
7.11 5.31 7.77 0.35 8.82 12.7 63 0.21 0.39 UNIVERSE 1.54 0.0154 1.89 -0.49
6.99 4 Yr   6.35 0.03 9.05 11.58 18.21 0 5 Yr POLICY 61 1.28 -0.13
0.12 7.11 2004 0.57 -0.23 10.29 15.44   0.31 5.29 4.04 2004 0.66
5 Yr 32   8.55 -0.09 5 Yr 7.97 13.73 -0.05 4.87 2.08 2003 3.49 0.0349 -0.01
5.23 6.99 47 0.1 4.74 4 Yr 12.47   0.02 0.42 1.71 UNIVERSE 33 0.11
3.97 35 8.75 0.65 2.6 8.82 9.75   0.37 6 Yr 1.34 POLICY 3 0.03 0.44
1.26 8.93 43   1.44 2.14 39 2004 1.77 6.31 0.21 49   0.65
6 Yr 7.37 2003 11.76 0.1176 5 Yr 5 Yr 6 Yr 9.05 2003 12.54 0.1254 5 Yr 5 Yr 5.88 4 Yr 7.43 5 Yr 5 Yr
3.1 6.58 UNIVERSE 9.64   # of Negative Qtrs 0.28 33 UNIVERSE 59 # of Negative Qtrs 0.43 4.45 3.83   # of Negative Qtrs
2.27 5.97 POLICY 8.41 0.0841 # of Positive Qtrs -1.39 11.27 POLICY 13.64 0.1364 # of Positive Qtrs 7 Yr 16 2.96 # of Positive Qtrs
0.83 5.05 7.16 Batting Average 1.67 9.36 40 Batting Average 5.93 4.06 2.27 Batting Average
7 Yr 5 Yr   5.61 Worst Qtr 7 Yr 8.49 18.31 Worst Qtr 5.65 22 1.54 Worst Qtr
4.17 5.23 0.0523 2003 Best Qtr 1/2/1900 7.47 14.62 Best Qtr 1/0/1900 5.95 2003 Best Qtr
2.77 14   13.14 Range -0.22 5.75 13.05 Range 8 Yr 3.92 2002 7.39 0.0739 Range
1/1/1900 5 YR FUND 3.97 0.0397 89 Worst 4 Qtrs 1/2/1900 5 Yr 11.06 Worst 4 Qtrs 5.64 3.4 UNIVERSE 21 Worst 4 Qtrs
8 Yr UNIVERSE 45 16.91 Standard Deviation 8 Yr 4.74 0.0474 8.09   Standard Deviation 5.37 2.89 POLICY 6.26 0.0626 Standard Deviation
1/4/1900 POLICY 6.26 24   Beta 4.1 13 2003 Beta 0.27 1.55 27   Beta
4.06 4.59 2002 20.27 0.2027 Annualized Alpha 2.42 5 YR FUND 2.6 0.026 2002 20.44 0.2044 Annualized Alpha 9 Yr 5 Yr 15.41 Annualized Alpha
0.92 3.79 UNIVERSE 16.79   R-Squared 1.68 UNIVERSE 50 UNIVERSE 88 R-Squared 6.1 5.29 0.0529 6.36   R-Squared
9 Yr 3.13 POLICY 15.31 0.1531 Sharpe Ratio 9 Yr POLICY 7.1 POLICY 25.89 0.2589 Sharpe Ratio 5.86 5 YR FUND 6 4.78 Sharpe Ratio
6.36 2.1 14.09 Treynor Ratio 6.37 3.69 18 Treynor Ratio 0.24 UNIVERSE 4.87 0.0487 3.82 Treynor Ratio
5.49 6 Yr   12.29 Tracking Error 1/5/1900 2.55 28.13 Tracking Error 10 Yr POLICY 15 2.69 Tracking Error
0.87 3.1 2002 Information Ratio 1/1/1900 1.53 25.31   Information Ratio 6.28 5.43 2002 Information Ratio
10 Yr 41   -1.69 Fund Fund 10 Yr -0.46 23.7 Fund Fund 6.03 4.59 2001 8.77 0.0877 Fund Fund
7.61 2.27 5 6 8.78 6 Yr 21.94   7 0.25 4.12 UNIVERSE 6 4
1/6/1900 65 -7.82 14 1/7/1900 0.28 18.64   13 9/30/1992 3.57 POLICY 8.65 0.0865 16
0.96 7.15 52   Batting Average 70 0.93 45 2002 Batting Average 55 Incept 2.68 8   Batting Average 65
9/30/1992 4.37 2001 -2.29 -0.0229 -5.84 9/30/1992 -1.39 2001 -9.95 -0.0995 -15 6.13 6 Yr 8.8 -2.18
Incept 2.75 UNIVERSE -6.31   7.4 Incept 71 UNIVERSE 5 13.48 1/5/1900 6.31 7.65   4.93
8.61 1.82 POLICY -7.76 -0.0776 13.24 11.07 8.62 POLICY -20.84 -0.2084 28.48 0.14 2 6.86 7.11
7.57 -0.05 -9 -6.19 10.24 2.9 71 -20.21   Fiscal Year Returns Ending September 5.88 5.67 -0.51
1.04 7 Yr -10.99 Standard Deviation 6.18 0.83 -0.2 -10.38 Standard Deviation 12.72 Fund 7 1.79 Standard Deviation 3.75
Fiscal Year Returns Ending September 4.17 2001 Beta 0.84 Fiscal Year Returns Ending September -1.64 -17.34 Beta 0.89 Index 5.97 2001 Beta 0.89
Fund 24 -13.09 Annualized Alpha 1.82 0.0182 Fund -5.09 -19.53 Annualized Alpha 2.32 0.0232 Diff 5.44 2000 13.27 0.1327 Annualized Alpha 0.94 0.0094
Index 2.77 78 R-Squared 0.92 Index 7 Yr -21.08 R-Squared 0.95 6/30/2006 5.01 UNIVERSE 4 R-Squared 0.98
Diff 62 -12.38 0.5 Diff 2.32 -23.77   0.2 Qtr 4.47 POLICY 13.04 0.1304 0.83
6/30/2006 6.65 74   3.65 6/30/2006 30 2001 2.9 0.1 3.58 7   3.52
Qtr 4.11 2000 3.08 0.0308 2.07 Qtr -0.22 2000 -31.03 -0.3103 3.18 0.03 7 Yr 13.13 0.7
-1.14 3.09 UNIVERSE -5.24   0.61 -1.98 71 UNIVERSE 76 0.67 0.07 5.93 12.35   0.6
-1 2.46 POLICY -9.88 -0.0988 Policy Index -1.9 7.19 POLICY -30.46 -0.3046 Policy Index 2006 2 11.69 Policy Index
-0.14 1.37 -12.57 8 -0.08 2.85 73 8 YTD 5.65 10.55 6
2006 8 Yr -19.6 12 2006 0.93 -5.3 12 1/0/1900 6 0.57 14
YTD 4.98 2000 30 YTD -0.43 -17.68 45 -0.12 5.65 2000 35
3.94 24 12.75 -7.1 6.28 -2.26 -27.57 -16.86 0.19 5.21 6.22 -2.84
2.7 4.06 32 9.86 5.07 8 Yr -30.96 15.78 2005 4.84 33 5.11
1.24 54 9.42 16.96 1.21 4.1 -39.84 32.64 2.02 4.42 6.47 7.95
2005 6.63 61 -8.99 2005 27 2000 -25.12 2.02 3.62 17 -0.86
9.21 4.95 26.03 Standard Deviation 7.02 14.34 2.42 17.11 Standard Deviation 13.86 0 8 Yr 6.94 Standard Deviation 4.19
8.03 4.14 14.16 1 13.15 60 36 1 2004 5.64 6.33 1
1.18 3.53 10.28 0 1.19 7.79 12.38 0 3.49 1 5.96 0
2004 2.55 7.86 1 2004 4.21 67 1 3 5.37 5.47 1
8.55 9 Yr 2.86 0.26 12.54 2.78 37.21 0.03 0.49 3 2.92 0.65
8.75 6.36 1999 1.81 13.64 1.69 20.71 0.44 2003 5.22 1999 2.71
-0.2 17 14.56 0 -1.1 -0.13 14.58 0 7.39 4.87 -0.41 0
2003 5.49 42 Diff 2003 9 Yr 10.6 Diff 6.26 4.57 72 Diff
13.14 42 12.85 -2 20.44 6.37 2.15 -1 1.13 4.25 -0.5 -2
16.91 7.32 61 2 25.89 26 1999 1 2002 3.66 75 2
-3.77 5.92 24.42 40 -5.45 5.22 30.59 10 8.77 9 Yr 3.72 30
2002 5.3 16.42 1.26 2002 49 23 1.86 8.65 6.1 1.67 0.66
-1.69 4.66 14 -2.46 -9.95 9.44 26.68 -2.3 0.12 1 0.54 -0.18
-7.82 3.31 9.46 -3.72 -20.84 6.44 51 -4.16 2001 5.86 -0.58 -0.84
6.13 10 Yr 1.15 2.8 10.89 5.15 42.92 4.91 13.27 3 -2.06 0.35
2001 7.61 1998 -0.84 2001 4.1 29.79 -1.14 13.04 5.71 1998 -0.44
-13.09 12 9.13 -0.16 -31.03 1.23 26.74 -0.11 0.23 5.34 11.65 -0.11
-12.38 6.65 7 1.82 -30.46 10 Yr 17.54 2.32 2000 5.03 7 0.94
-0.71 37 9.72 -0.08 -0.57 8.78 2.98 -0.05 6.22 4.66 11.62 -0.02
2000 8.27 5 0.24 2000 20 1998 0.17 6.47 4.05 8 0.18
12.75 6.97 9.58 1.84 17.11 7.85 6.61 2.46 -0.25 10 Yr 12.17 0.81
9.42 6.34 7.53 2.07 12.38 36 37 3.18 1999 6.28 9.97 0.7
3.33 5.54 4.97 10 Yr 4.73 10.73 10.1 10 Yr -0.41 1 8.86 10 Yr
1999 4.35 1.42 # of Negative Qtrs 1999 8.39 11 # of Negative Qtrs -0.5 6.03 7.67 # of Negative Qtrs
14.56 4.79 -4.23 # of Positive Qtrs 30.59 7.12 12.45 # of Positive Qtrs 0.09 4 2.96 # of Positive Qtrs
12.85 5.89 7.48 Batting Average 1/26/1900 5.56 8.45   Batting Average 6/20/1905 5.98 16.26   Batting Average
1.71 7.17 4.83 Worst Qtr 3.91 2.45 4.58 Worst Qtr 11.65 5.6 12.82 Worst Qtr
6/20/1905 5.92 1.43 Best Qtr 1998 3.49 -2.5   Best Qtr 11.62 5.27 8.28   Best Qtr
9.13 4.24 -3.99 Range 6.61 6.08 -15.76 Range 0.03 4.94 27 Range
9.72 Worst 4 Qtrs 1/10/1900 7.63 -17.25   Worst 4 Qtrs 6/19/1905 4.38 9.46   Worst 4 Qtrs
-0.59 Standard Deviation -3.49 3.74 19 Standard Deviation 9.19 5.38 3.7 Standard Deviation
6/19/1905 Beta 1997 17.44   Beta 8.89 2.37   Beta
21.02 Annualized Alpha 35.14 15.88 Annualized Alpha 0.3 1.11 Annualized Alpha
1/20/1900 R-Squared 40.62 14.26 R-Squared Returns in Up Markets 0.39 R-Squared
0.5 Sharpe Ratio -5.48 YTD Sharpe Ratio Fund YTD Sharpe Ratio
Returns in Up Markets Treynor Ratio Returns in Up Markets 12.31 Treynor Ratio Index 4.44 Treynor Ratio
Fund Tracking Error Fund 65 Tracking Error Ratio 37 Tracking Error
Index Information Ratio Index 13.02 Information Ratio 3 Yr 5.23 Information Ratio
Ratio Fund Ratio 50 Fund 5.6 29 Fund
3 Yr 11 3 Yr 17.59 13 5.9 16.11 7
11.4 29 19.3 14.43 27 95.1 5.92 33
11.1 65 19.4 13.01 55 5 Yr 3.67 62.5
102.5 -5.87 99.3 11.77 -15 8.7 1.98 -2.18
5 Yr 11.41 5 Yr 9.97 22.14 8.8 0.87 4.93
14.6 17.28 25.9 2002 37.14 98.5 2002 7.11
15.9 -13.09 27.7 2002 FUND -21.65   -31.03 10 Yr 2002 FUND 10.49   -0.66
91.3 8.11 4/2/1900 UNIVERSE 88 15.4 1/9/1900 UNIVERSE 11 3.53
10 Yr 0.96 10 Yr POLICY -20.67   0.93 9.2 POLICY 11.02   0.94
1/17/1900 1.15 31 84   1.36 99.5 8 0.57
1/16/1900 0.93 2/1/1900 -9.82 0.94 9/30/1992 11.72   0.97
101.3 0.48 4/4/1900 -13.94 0.33 Incept 9.31 0.74
9/30/1992 4.09 9/30/1992 -16.68 5.48 9.7 7.69   2.77
Incept 2.22 Incept -19.33 3.77 9.8 4.45 0.63
16.1 0.43 27.1 -23.14 0.25 99 -2.07 0.4
1/15/1900 Index 27.6 2001 Index Returns in Down Markets 2001 Index
103.9 13 98.1 2001 FUND -5.89   14 Fund 2001 FUND 8.73   10
Returns in Down Markets 27 Returns in Down Markets UNIVERSE 74 26 Index UNIVERSE 14 30
Fund 35 Fund POLICY -11.08   45 Ratio POLICY 8.51   37.5
Index -7.1 Index 96 -16.86 3 Yr 18 -2.84
Ratio 10.4 Ratio 5.46 21.13 -2.8 9.68   5.11
3 Yr 17.5 3 Yr -0.02 37.99 -4.2 8.13 7.95
-1.5 -12.38 -5.2 -3.26 -30.46 65.3 7.33   -0.89
-3.1 8.1 -6.3 -6.04 16.01 5 Yr 6.21 3.69
46.8 1 81.5 -10.93 1 -2.2 0.36 1
5 Yr 0 5 Yr 2000 0 -3.7 2000 0
-7.3 1 -20.5 2000 FUND -5.56   1 58.3 2000 FUND 12.61   1
-11.7 0.37 -26.1 UNIVERSE 98 0.26 10 Yr UNIVERSE 8 0.64
62.7 2.97 78.4 POLICY -6.49   4.17 -2 POLICY 11.84   2.35
10 Yr 0 10 Yr 99 0 -3.1 15 0
-9.7 Diff -23 16.45 Diff 65.9 13.05   Diff
-11.8 -2 ################################ 9.38 -1 9/30/1992 11.01 -3
82.1 2 87.5 5.82 1 Incept 9.44   3
9/30/1992 30 9/30/1992 1.47 10 -2.7 7.02 25
Incept 1.23 Incept -4.06 1.86 -3.5 -8.83 0.66
-9.1 1.01 -22.5 1999 1.01 79.4 1999 -0.18
-11 -0.22 -25.4 1999 FUND 19.52   -0.85 1999 FUND -2.72   -0.84
82.9 -0.71 88.6 UNIVERSE 46 -0.57 UNIVERSE 88 0.23
0.01 POLICY 20.41   -0.61 POLICY -2.15   -0.16
-0.04 41 -0.07 83 -0.06
1.15 35.59 1.36 7   0.57
-0.07 24.4 -0.06 2.72 -0.03
0.11 18.88 0.07 0.33   0.1
1.12 13.96 1.31 -1.4 0.42
2.22 8.02 3.77 -3.93 0.63
Incept 1998 Incept 1998 Incept
# of Negative Qtrs 1998 FUND 16.91   # of Negative Qtrs 1998 FUND 9.74   # of Negative Qtrs
# of Positive Qtrs UNIVERSE 13 # of Positive Qtrs UNIVERSE 7 # of Positive Qtrs
Batting Average POLICY 20.4   Batting Average POLICY 9.47   Batting Average
Worst Qtr 6 Worst Qtr 8 Worst Qtr
Best Qtr 21.24 Best Qtr 9.93   Best Qtr
Range 14.25 Range 8.09 Range
Worst 4 Qtrs 9.97 Worst 4 Qtrs 6.94 Worst 4 Qtrs
Standard Deviation 6.68 Standard Deviation 5.76 Standard Deviation
Beta 1.46 Beta -0.13 Beta
Annualized Alpha 1997 Annualized Alpha 1997 Annualized Alpha
R-Squared 38.59 R-Squared 8.55 R-Squared
Sharpe Ratio 1 Sharpe Ratio 54 Sharpe Ratio
Treynor Ratio 30.86 Treynor Ratio 9.75 Treynor Ratio
Tracking Error 16 Tracking Error 26 Tracking Error
Information Ratio 33.38 Information Ratio 14.34 Information Ratio
Fund 29.54 Fund 9.77 Fund
12 26.7 14 8.72 12
43 23.64 41 7.12 43
65.45 16.88 52.73 5.89 63.64
-5.87 1996 -15 1996 -2.78
11.41 19.67 22.14 5.98 5.99
17.28 69 37.14 20 8.77
-13.09 21.34 -31.03 2.91 -3.65
7.36 52 13.82 74 3.71
0.96 28.78 0.94 13.49 0.96
1.24 24.05 1.4 5.37 0.35
0.91 21.49 0.93 3.97 0.97
0.64 18.8 0.52 2.83 0.61
4.94 14.89 7.66 1.19 2.35
2.2 1995 3.81 1995 0.65
0.47 37.47 0.22 23.05 0.22
Index 31.79 Index 18.43 Index
15 28.75 15 16.26 15
40 25.73 40 12.82 40
34.55 21.74 47.27 8.28 36.36
-7.1 -16.86 -2.84
10.4 21.13 5.74
17.5 37.99 8.58
-12.38 -30.46 -2.9
7.28 14.22 3.8
1 1 1
0 0 0
1 1 1
0.51 0.45 0.56
3.7 6.37 2.12
0 0 0
Diff Diff Diff
-3 -1 -3
3 1 3
30.9 5.46 27.28
1.23 1.86 0.06
1.01 1.01 0.25
-0.22 -0.85 0.19
-0.71 -0.57 -0.75
0.08 -0.4 -0.09
-0.04 -0.06 -0.04
1.24 1.4 0.35
-0.09 -0.07 -0.03
0.13 0.07 0.05
1.24 1.29 0.23
2.2 3.81 0.65