Hollywood Police Officers' Pension Fund

Alpha & Beta: 5-Years Trailing (or Inception if Less)

September 30, 2006

BETA

Current

Policy

Sep-06

Jun-06

Mar-06

Dec-05

Sep-05

Jun-05

Mar-05

Dec-04

Total Fund

0.83

0.84

0.85

0.87

0.88

0.92

0.93

0.92

Managers, Equities

Davis, Hamilton, Jackson

R1000G

0.79

0.77

0.76

0.68

0.69

0.67

0.90

Inverness

S&P500

0.89

0.92

0.94

0.97

0.98

0.95

Eagle

R2000

0.68

0.67

0.65

0.63

0.62

0.60

0.56

Buckhead

R1000V

0.78

0.80

0.78

0.82

0.87

0.83

0.85

0.96

Inverness Fixed Income

50% LBGC, 50% LBIGC

0.88

0.89

0.90

0.89

ALPHA

Total Fund

1.62%

1.82%

2.03%

1.48%

0.88%

-0.06%

0.03%

-0.23%

Managers, Equities

Davis, Hamilton, Jackson

R1000G

0.03%

1.24%

1.29%

1.37%

1.87%

2.63%

-1.73%

-1.61%

Inverness

S&P500

3.79%

3.05%

3.53%

2.61%

1.38%

0.85%

1.18%

0.37%

Eagle

R2000

4.24%

5.78%

6.22%

6.00%

7.10%

6.70%

7.55%

10.24%

Buckhead

R1000V

-1.19%

-1.03%

-0.46%

-0.89%

-2.57%

-0.75%

-0.93%

-3.33%

Inverness Fixed Income

50% LBGC, 50% LBIGC

0.89%

0.94%

0.92%

0.97%

1.04%

1.21%

1.12%

1.06%

* 33% S&P500, 23% LBIGC, 23% LBGC, 10% R1000G, 7% R1000V, 4% R2000

ASSET CONSULTING GROUP, INC.

Formerly a division of Gabriel, Roeder, Smith, & Co.

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