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 36 61.1%BLCC, 18.5%BLCGC, 13%BLCVC, 7.4%BSC 61.1%BLCC, 18.5%BLCGC, 13%BLCVC, 7.4%BSC 44 25 50% Broad FI, 50% Intermediate FI 50% Broad FI, 50% Intermediate FI 33
Inception date is September 30, 1992 5 6 3 Yr Inception date is September 30, 1992 38 39 3 Yr Inception date is September 30, 1992 27 28 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 September 30, 2005 Fiscal Year Returns Ending September Batting Average Returns are gross of fees. Incept is September 30, 1992 to September 30, 2005 Fiscal Year Returns Ending September Batting Average Returns are gross of fees. Incept is September 30, 1992 to September 30, 2005 Fiscal Year Returns Ending September Batting Average
Account Reconciliation Trailing Returns through September 30, 2005 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through September 30, 2005 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through September 30, 2005 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 0.00% -15.00% Worst 4 Qtrs Investment G/L -10.00% -30.00% Worst 4 Qtrs Investment G/L 1.00% 0.00% Worst 4 Qtrs
Ending Value 5.00% -10.00% Standard Deviation Ending Value -5.00% -20.00% Standard Deviation Ending Value 2.00% 5.00% Standard Deviation
9/30/2005 10.00% -5.00% Beta 9/30/2005 0.00% -10.00% Beta 9/30/2005 3.00% 10.00% Beta
Qtr 15.00% 0.00% Annualized Alpha Qtr 5.00% 0.00% Annualized Alpha Qtr 4.00% 15.00% Annualized Alpha
167,505 20.00% 5.00% R-Squared 97,230 10.00% 10.00% R-Squared 59,917 5.00% 20.00% R-Squared
476 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 10.00% Sharpe Ratio 928 15.00% 20.00% Sharpe Ratio 4,068 6.00% 25.00% Sharpe Ratio
4,615 Trailing Returns through September 30, 2005 15.00% Treynor Ratio 4,869 20.00% 30.00% Treynor Ratio -353 7.00% Qtr YTD 2004 2003 2002 2001 2000 1999 1998 1997 Treynor Ratio
172,597 Fund 20.00% Tracking Error 103,027 25.00% 40.00% Tracking Error 63,632 8.00% Fiscal Year Returns Ending September Tracking Error
2005 Return 25.00% Information Ratio 2005 30.00% 50.00% Information Ratio 2005 9.00% Fund Information Ratio
YTD %-tile 30.00% Fund YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 60.00% Fund YTD 10.00% Return Fund
159,123 Index Qtr YTD 2004 2003 2002 2001 2000 1999 1998 1997 2 92,448 Trailing Returns through September 30, 2005 Qtr YTD 2004 2003 2002 2001 2000 1999 1998 1997 3 60,176 11.00% %-tile 3
-1,067 Return   Fiscal Year Returns Ending September 10 -2,560 Fund Fiscal Year Returns Ending September   9 2,300 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr Index 9
14,540 %-tile Fund 58.33 13,139 Return Fund 33.33 1,156 Trailing Returns through September 30, 2005 Return 75
172,597 Universe   Return -0.78 103,027 %-tile Return   -2.4 63,632 Fund %-tile -2.18
9/30/1992 5th %-tile %-tile 7.4 9/30/1992 Index %-tile 12.58 9/30/1992 Return Universe 3.25
Incept 25th %-tile Index 8.18 Incept Return Index 14.98 Incept %-tile 5th %-tile 5.43
59,084 50th %-tile Return 4.94 18,638 %-tile Return 6.27 36,929 Index 25th %-tile 0.65
-659 75th %-tile %-tile 5.34 11,923 Universe %-tile 10.54 -11,730 Return 50th %-tile 3.96
114,172 95th %-tile Universe 0.85 72,465 5th %-tile Universe 0.92 38,433 %-tile 75th %-tile 0.88
172,597  172,597,000 1 Yr 5th %-tile 0.76 103,027   103,027,000 25th %-tile 5th %-tile -0.25 63,632    63,632,000  Universe  95th %-tile 0.94
Investment Policy 9.21 0.0921 25th %-tile 0.91 Investment Policy 50th %-tile 25th %-tile 0.96 Investment Policy 5th %-tile Qtr 0.99
Index 37 0.68 50th %-tile 1.63 Index 75th %-tile 50th %-tile 1.34 Index 25th %-tile QU. FUND -0.58 -0.0058 0.68
S&P 500 1 Yr FUND 8.03 0.0803 75th %-tile 10.22 S&P 500 95th %-tile 75th %-tile 15.37 Lehman Gov/Credit-Intermediate 50th %-tile UNIVERSE 72 3.06
Lehman Gov/Credit-Intermediate UNIVERSE 68 95th %-tile 1.86 Russell 1000 Growth 1 Yr   95th %-tile   2.3 Lehman Gov/Credit Bond 75th %-tile   POLICY -0.75 -0.0075 0.7
Lehman Gov/Credit Bond POLICY 11.52 Qtr -0.47 Russell 1000 Value 14.34 0.1434   Qtr -0.73 Total 95th %-tile 89   0.76
Other 9.69 Qtr 2.76 0.0276 Index Russell 2000 1 Yr FUND 45   Qtr 5.01 0.0501 Index Weight 1 Yr 0.49 Index
Weight 8.69 UNIVERSE 19 0.19 3 Weight UNIVERSE 13.15 0.1315 UNIVERSE 24 3 50 2.02 0.0202 -0.12   4
33 7.76 POLICY 1.73 0.0173 9 61.1 POLICY 63 POLICY 3.8 0.038 9 50 1 Yr FUND 68 -0.39 8
23 6.42 72 41.67 18.5 19.68 69 66.67 100 UNIVERSE 2.02 0.0202 -0.62 25
23 2 Yr   3.51 -1.67 13 16.05 6.31 -2.77 Trailing Returns through September 30, 2005 POLICY 68 -0.84 -2.84
21 8.88 2.59 9.86 7.4 13.92 4.91   15.78 Fund 4.66 YTD 3.13
Trailing Returns through September 30, 2005 40   2.11 11.53 Trailing Returns through September 30, 2005 12.27 4.24 18.55 Index 2.94 2.02   5.97
Fund 8.39 1.69 3.54 Fund 9.89 3.61   6.4 Diff 2.38 68 -0.38
Index 55 1.08 5.95 Index 2 Yr 2.71 11.18 1 Yr 1.89 2.02   4.46
Diff 10.86 YTD 1 Diff 13.44 YTD 1 2.02 1.28 68 1
1 Yr 9.46 9.21 0 1 Yr 46 14.34 0 2.02 2 Yr 4.66 0
9.21 8.52 37 1 14.34 13.39 45 1 0 2.75 2.94 1
8.03 7.7 8.03 1.61 13.15 47 13.15 1.42 2 Yr 48 2.38 0.48
1.18 6.42 68 9.57 1.19 17.85 63 15.82 2.75 2.51 1.89 2.16
2 Yr 3 Yr   11.52 0 2 Yr 14.74   19.68 0 2.51 59 1.28 0
8.88 10.28 0.1028 9.69 Diff 13.44 13.29 16.05 Diff 1/0/1900 5.97 2004 Diff
8.39 68   8.69 -1 13.39 11.82 13.92   0 3 Yr 3.43 2004 3.49 0.0349 -1
0.49 3 YR FUND 11.16 0.1116 7.76 1 0.05 9.62   12.27   0 4.28 2.69 UNIVERSE 33 1
3 Yr UNIVERSE 40 6.42 16.66 3 Yr 3 Yr 9.89     -33.34 3.75 2.12 POLICY 3 0.03 50
10.28 POLICY 13.46 2004   0.89 15.73 15.73 0.1573 2004 0.37 0.53 1.5 49   0.66
11.16 11.68 2004 8.55 0.0855 -2.46 17.41 3 YR FUND 68   2004 12.54 0.1254 -3.2 4 Yr 3 Yr 7.43 0.12
-0.88 10.85 UNIVERSE 50   -3.35 -1.68 UNIVERSE 17.41 0.1741 UNIVERSE 51 -3.57 5.38 4.28 0.0428 3.83   -0.54
4 Yr 10.04 POLICY 8.75 0.0875 1.4 4 Yr POLICY 33 POLICY 13.64 0.1364 -0.13 4.95 3 YR FUND 27 2.96 1.03
7.16 8.73 44 -0.61 8.69 20.28 32 -0.64 0.43 UNIVERSE 3.75 0.0375 2.27 -0.5
6.08 4 Yr   11.22 -0.15 6.39 17.83 17.67 -0.08 5 Yr POLICY 41 1.54 -0.12
1.08 7.16 9.56 0.76 2.3 16.62 14.1   -0.25 6.91 9.04 2003 0.94
5 Yr 18   8.53 -0.09 5 Yr 15.24 12.6 -0.04 6.52 4.44 2003 7.39 0.0739 -0.01
2.76 6.08 7.52 0.02 -0.76 13.23 10.66   -0.08 0.39 3.4 UNIVERSE 21 0.2
2.1 46 5.87 0.65 -2.28 4 Yr 7.7   -0.45 6 Yr 2.76 POLICY 6.26 0.0626 0.9
0.66 8.16 2003   1.86 1.52 8.69 2003 2.3 6.8 2.05 27   0.7
6 Yr 6.79 2003 13.14 0.1314 5 Yr 5 Yr 6 Yr 17 2003 20.44 0.2044 5 Yr 5 Yr 6.51 4 Yr 15.41 5 Yr 5 Yr
4.36 5.91 UNIVERSE 86   # of Negative Qtrs 2.02 6.39 UNIVERSE 83 # of Negative Qtrs 0.29 5.38 6.36   # of Negative Qtrs
3.28 5.25 POLICY 16.91 0.1691 # of Positive Qtrs 0.02 48 POLICY 25.89 0.2589 # of Positive Qtrs 7 Yr 21 4.78 # of Positive Qtrs
1.08 4.38 22 Batting Average 2 10.56 20 Batting Average 5.74 4.95 3.82 Batting Average
7 Yr 5 Yr   19.98 Worst Qtr 7 Yr 7.74 28.54 Worst Qtr 5.48 28 2.69 Worst Qtr
5.76 2.76 0.0276 16.46 Best Qtr 1/5/1900 6.3 25.31 Best Qtr 1/0/1900 7.5 2002 Best Qtr
4.6 35   15.1 Range 3.46 5.28 23.72 Range 8 Yr 5.06 2002 8.77 0.0877 Range
1/1/1900 5 YR FUND 2.1 0.021 14.01 Worst 4 Qtrs 1/2/1900 3.52 21.52 Worst 4 Qtrs 6.46 4.35 UNIVERSE 6 Worst 4 Qtrs
8 Yr UNIVERSE 55 11.9 Standard Deviation 8 Yr 5 Yr 17.78   Standard Deviation 6.23 3.75 POLICY 8.65 0.0865 Standard Deviation
1/6/1900 POLICY 5.22 2002   Beta 5.8 -0.76 -0.0076 2002 Beta 0.23 3.06 8   Beta
5.23 3.23 2002 -1.69 -0.0169 Annualized Alpha 4.27 5 YR FUND 34 2002 -9.95 -0.0995 Annualized Alpha 9 Yr 5 Yr 8.8 Annualized Alpha
0.95 2.28 UNIVERSE 4   R-Squared 1.53 UNIVERSE -2.28 -0.0228 UNIVERSE 5 R-Squared 6.76 6.91 0.0691 7.65   R-Squared
9 Yr 1.54 POLICY -7.82 -0.0782 Sharpe Ratio 9 Yr POLICY 59 POLICY -20.84 -0.2084 Sharpe Ratio 6.52 5 YR FUND 8 6.86 Sharpe Ratio
7.73 0.27 62 Treynor Ratio 8.71 4.17 75 Treynor Ratio 0.24 UNIVERSE 6.52 0.0652 5.67 Treynor Ratio
6.82 6 Yr   -2.36 Tracking Error 1/7/1900 0.11 -9.97 Tracking Error 10 Yr POLICY 16 1.79 Tracking Error
0.91 4.36 -6.03 Information Ratio 1/0/1900 -1.92 -16.79   Information Ratio 6.57 7.2 2001 Information Ratio
10 Yr 31   -7.39 Fund Fund 10 Yr -3.32 -19.31 Fund Fund 6.35 6.26 2001 13.27 0.1327 Fund Fund
8.17 3.28 -8.38 7 9.79 -5.96 -20.87   8 0.22 5.77 UNIVERSE 4 3
1/7/1900 65 -10.39 13 1/9/1900 6 Yr -24   12 9/30/1992 5.21 POLICY 13.04 0.1304 17
0.91 7.1 2001   Batting Average 70 0.72 2.02 2001 Batting Average 55 Incept 4.49 7   Batting Average 60
9/30/1992 4.61 2001 -13.09 -0.1309 -5.87 9/30/1992 30 2001 -31.03 -0.3103 -15 6.49 6 Yr 13.13 -2.18
Incept 3.69 UNIVERSE 80   7.4 Incept 0.02 UNIVERSE 71 13.48 1/6/1900 6.8 12.35   4.93
8.8 2.94 POLICY -12.38 -0.1238 13.27 11.22 63 POLICY -30.46 -0.3046 28.48 0.14 8 11.69 7.11
7.8 1.94 76 -13.09 10.44 5.64 66 -31.03   Fiscal Year Returns Ending September 6.51 10.55 0.65
1 7 Yr -2.67 Standard Deviation 7.41 0.78 2.39 -13.83 Standard Deviation 15.16 Fund 14 0.57 Standard Deviation 3.82
Fiscal Year Returns Ending September 5.76 -7.99 Beta 0.88 Fiscal Year Returns Ending September 0.58 -24.6 Beta 0.93 Index 6.98 2000 Beta 0.89
Fund 27 -10.37 Annualized Alpha 0.88 0.0088 Fund -0.47 -28.87 Annualized Alpha 1.35 0.0135 Diff 6.21 2000 6.22 0.0622 Annualized Alpha 1.04 0.0104
Index 4.6 -12.31 R-Squared 0.93 Index -2.27 -31.75 R-Squared 0.95 9/30/2005 5.79 UNIVERSE 33 R-Squared 0.98
Diff 69 -15.86 0.06 Diff 7 Yr -38.9   -0.21 Qtr 5.28 POLICY 6.47 0.0647 1.19
9/30/2005 8.09 2000   0.47 9/30/2005 5.68 2000 -3.34 -0.58 4.62 17   5.12
Qtr 5.85 2000 12.75 0.1275 2.17 Qtr 21 2000 17.11 0.1711 3.43 -0.75 7 Yr 6.94 0.7
2.76 4.96 UNIVERSE 29   0.3 5.01 3.46 UNIVERSE 37 0.44 0.17 5.74 6.33   0.56
1.73 4.45 POLICY 9.42 0.0942 Policy Index 3.8 64 POLICY 12.38 0.1238 Policy Index 2005 7 5.96 Policy Index
1.03 3.37 60 9 1.21 9.19 70 9 YTD 5.48 5.47 5
2005 8 Yr 24.25 11 2005 5.31 31.38 11 1/2/1900 15 2.92 15
YTD 6.18 13.56 30 YTD 3.91 20.19 45 2.02 5.8 1999 40
9.21 11 10.07 -7.1 14.34 3.03 14.63 -16.86 0 5.22 -0.41 -2.84
8.03 5.23 8.28 9.86 13.15 1.31 11.78 15.78 2004 4.88 72 5.11
1.18 34 4.37 16.96 1.19 8 Yr 3.12 32.64 3.49 4.5 -0.5 7.95
2004 7.18 1999 -12.38 2004 5.8 1999 -30.46 3 4.05 75 -0.38
8.55 5.45 14.56 Standard Deviation 8.1 12.54 17 30.59 Standard Deviation 15.94 0.49 8 Yr 3.72 Standard Deviation 4.23
8.75 4.91 37 1 13.64 4.27 20 1 2003 6.46 1.67 1
-0.2 4.35 12.85 0 -1.1 44 26.68 0 7.39 3 0.54 0
2003 3.43 64 1 2003 7.55 58 1 6.26 6.23 -0.58 1
13.14 9 Yr 19.98 -0.03 20.44 4.94 39.72 -0.29 1.13 8 -2.06 0.99
16.91 7.73 15.43 -0.25 25.89 4.09 29.78 -4.63 2002 6.29 1998 4.17
-3.77 10 13.72 0 -5.45 2.87 27.24 0 8.77 5.8 11.65 0
2002 6.82 11.16 Diff 2002 0.93 21.32 Diff 8.65 5.44 7 Diff
-1.69 34 6.93 -2 -9.95 9 Yr 12.57 -1 0.12 5.06 11.62 -2
-7.82 8.53 1998 2 -20.84 8.71 1998 1 2001 4.53 8 2
6.13 7.05 9.13 40 10.89 17 6.61 10 13.27 9 Yr 12.17 20
2001 6.52 8 1.23 2001 7.79 37 1.86 13.04 6.76 9.97 0.66
-13.09 5.86 9.72 -2.46 -31.03 40 10.1 -2.3 0.23 4 8.86 -0.18
-12.38 4.95 5 -3.69 -30.46 10.4 12 -4.16 2000 6.52 7.67 -0.84
-0.71 10 Yr 9.71 -0.71 -0.57 8.29 12.16 -0.57 6.22 11 2.96 1.03
2000 8.17 7.66 -0.69 2000 7.44 8.54 -0.78 6.47 6.66 1997 -0.41
12.75 6 5.67 -0.12 17.11 6.05 4.3 -0.07 -0.25 6.17 9.19 -0.11
9.42 7.26 2.65 0.88 12.38 4.31 -1.78 1.35 1999 5.81 50 1.04
3.33 30 -3.1 -0.07 4.73 10 Yr -15.44 -0.05 -0.41 5.41 8.89 -0.02
1999 8.19 1997 0.09 1999 9.79 1997 0.08 -0.5 4.93 59 0.2
14.56 7.35 21.02 0.72 30.59 19 35.14 1.29 0.09 10 Yr 12.78 0.95
12.85 6.84 35 2.17 26.68 9.07 66 3.43 1998 6.57 10.29 0.7
1.71 6.3 20.52 10 Yr 3.91 32 40.62 10 Yr 11.65 5 9.17 10 Yr
1998 5.35 45 # of Negative Qtrs 1998 11.36 17 # of Negative Qtrs 11.62 6.35 8.3 # of Negative Qtrs
9.13 7.16 23.74 # of Positive Qtrs 6.61 9.36 45.59 # of Positive Qtrs 0.03 11 7.27 # of Positive Qtrs
9.72 5.89 21.63 Batting Average 1/10/1900 8.48 40.15   Batting Average 6/19/1905 6.56 16.26   Batting Average
-0.59 7.17 20.31 Worst Qtr -3.49 7.08 37.6 Worst Qtr 9.19 6.03 12.82 Worst Qtr
6/19/1905 5.92 18.81 Best Qtr 1997 5.22 33.78   Best Qtr 8.89 5.71 8.28   Best Qtr
21.02 4.24 15.72 Range 35.14 6.08 20.73 Range 0.3 5.36 27 Range
20.52 Worst 4 Qtrs 2/9/1900 7.63 21.63   Worst 4 Qtrs 6/18/1905 4.94 9.46   Worst 4 Qtrs
0.5 Standard Deviation -5.48 3.74 19 Standard Deviation 4.88 5.38 3.7 Standard Deviation
6/18/1905 Beta 1996 17.44   Beta 4.82 2.37   Beta
12.17 Annualized Alpha 20.02 15.88 Annualized Alpha 0.06 1.11 Annualized Alpha
1/11/1900 R-Squared 21.32 14.26 R-Squared Returns in Up Markets 0.39 R-Squared
0.87 Sharpe Ratio -1.3 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 8.1 29 Fund
3 Yr 10 3 Yr 17.59 12 8.2 16.11 7
14 30 23.9 14.43 28 99.3 5.92 33
16.7 65 28 13.01 52.5 5 Yr 3.67 62.5
84 -5.87 85.4 11.77 -15 10.2 1.98 -2.18
5 Yr 11.41 5 Yr 9.97 22.14 10.3 0.87 4.93
15.5 17.28 28.1 2002 37.14 99.1 2002 7.11
17.5 -13.09 30.2 2002 FUND -21.65   -31.03 10 Yr 2002 FUND 10.49   -0.66
88.7 8.05 4/2/1900 UNIVERSE 88 15.35 1/9/1900 UNIVERSE 11 3.63
10 Yr 0.96 10 Yr POLICY -20.67   0.93 9.8 POLICY 11.02   0.95
1/17/1900 1.14 31.1 84   1.25 99.3 8 0.51
1/17/1900 0.93 2/1/1900 -9.82 0.94 9/30/1992 11.72   0.97
100.5 0.55 4/3/1900 -13.94 0.39 Incept 9.31 0.77
9/30/1992 4.58 9/30/1992 -16.68 6.47 10.1 7.69   2.95
Incept 2.21 Incept -19.33 3.81 10.2 4.45 0.63
16.4 0.41 27.7 -23.14 0.19 99 -2.07 0.35
1/15/1900 Index 28.4 2001 Index Returns in Down Markets 2001 Index
103 12 97.5 2001 FUND -5.89   13 Fund 2001 FUND 8.73   10
Returns in Down Markets 28 Returns in Down Markets UNIVERSE 74 27 Index UNIVERSE 14 30
Fund 35 Fund POLICY -11.08   47.5 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 -3 9.68   5.11
3 Yr 17.5 3 Yr -0.02 37.99 -4.6 8.13 7.95
-0.1 -12.38 -4.4 -3.26 -30.46 65.4 7.33   -0.89
-2.9 8.06 -7.2 -6.04 15.98 5 Yr 6.21 3.77
3.8 1 61.1 -10.93 1 -2.3 0.36 1
5 Yr 0 5 Yr 2000 0 -3.9 2000 0
-10.9 1 -27.4 2000 FUND -5.56   1 57.1 2000 FUND 12.61   1
-14 0.43 -31.2 UNIVERSE 98 0.33 10 Yr UNIVERSE 8 0.68
78.2 3.49 87.8 POLICY -6.49   5.3 -2.4 POLICY 11.84   2.58
10 Yr 0 10 Yr 99 0 -3.4 15 0
-10.1 Diff -24.1 16.45 Diff 71.1 13.05   Diff
-12.5 -2 ################################ 9.38 -1 9/30/1992 11.01 -3
81.4 2 87.3 5.82 1 Incept 9.44   3
9/30/1992 30 9/30/1992 1.47 5 -2.8 7.02 25
Incept 1.23 Incept -4.06 1.86 -3.5 -8.83 0.66
-9.4 1.01 -23.5 1999 1.01 80 1999 -0.18
-11.5 -0.22 -26.6 1999 FUND 19.52   -0.85 1999 FUND -2.72   -0.84
82.2 -0.71 88.4 UNIVERSE 46 -0.57 UNIVERSE 88 0.23
-0.01 POLICY 20.41   -0.63 POLICY -2.15   -0.14
-0.04 41 -0.07 83 -0.05
1.14 35.59 1.25 7   0.51
-0.07 24.4 -0.06 2.72 -0.03
0.12 18.88 0.06 0.33   0.09
1.09 13.96 1.17 -1.4 0.37
2.21 8.02 3.81 -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
11 26.7 13 8.72 11
41 23.64 39 7.12 41
65.38 16.88 51.92 5.89 63.46
-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
7.48 52 14.09 74 3.78
0.96 28.78 0.93 13.49 0.96
1.23 24.05 1.38 5.37 0.35
0.91 21.49 0.93 3.97 0.97
0.66 18.8 0.52 2.83 0.7
5.16 14.89 7.92 1.19 2.75
2.24 1995 3.9 1995 0.66
0.45 37.47 0.2 23.05 0.21
Index 31.79 Index 18.43 Index
14 28.75 14 16.26 14
38 25.73 38 12.82 38
34.62 21.74 48.08 8.28 36.54
-7.1 -16.86 -2.84
10.4 21.13 5.74
17.5 37.99 8.58
-12.38 -30.46 -2.9
7.42 14.52 3.86
1 1 1
0 0 0
1 1 1
0.53 0.45 0.65
3.95 6.59 2.5
0 0 0
Diff Diff Diff
-3 -1 -3
3 1 3
30.76 3.84 26.92
1.23 1.86 0.06
1.01 1.01 0.25
-0.22 -0.85 0.19
-0.71 -0.57 -0.75
0.06 -0.43 -0.08
-0.04 -0.07 -0.04
1.23 1.38 0.35
-0.09 -0.07 -0.03
0.13 0.07 0.05
1.21 1.33 0.25
2.24 3.9 0.66