HOLLYWOOD POLICE PDF
LOCK INVERNESS TOTAL EXECUTIVE HERE LOCK LOCK INVERNESS BOND UNIVERSE (p1) INVERNESS BOND UNIVERSE (p2) LOCK LOCK EAGLE TOTAL RISK HERE EAGLE TOTAL EXECUTIVE LOCK LOCK SEI TOTAL EXECUTIVE HERE LOCK LOCK SEI TOTAL UNIVERSE HERE LOCK LOCK SEI TOTAL RISK HERE LOCK
Hollywood Police Pension Fund Hollywood Police Pension Fund Hollywood Police Pension Fund % Hollywood Police Pension Fund Hollywood Police Pension Fund Leesburg Police Officers' Pension Plan Leesburg Police Officers' Pension Plan %
INVERNESS Total Gross Returns (Stocks, Bonds & Cash) INVERNESS Bond Returns INVERNESS Bond Returns EAM Gross Total (Stocks + Cash) EAM Gross Total (Stocks + Cash) SEI International Equity SEI International Equity
Executive Summary Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Risk Measures
1 50% Broad FI, 50% Intermediate FI 50% Broad FI, 50% Intermediate FI 67 61 International Equity 45
Inception date is September 30, 1992 25 26 1 Yr Inception date is March 31, 2003 44 1 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. # 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. # of Positive Qtrs
Returns are gross of fees. Incept is September 30, 1992 to December 31, 2004 Calendar Year Returns Batting Average Returns are gross of fees. Incept is March 21, 2001 to June 30, 2003 Batting Average
Account Reconciliation Trailing Returns through December 31, 2004 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through June 30, 2003 Worst Qtr
Beginning Value 5-25th %tile 25-50th %tile 50-75th %tile 75-95th %tile Fund Index Best Qtr Beginning Value Fund Best Qtr
Net Flows 75-95th %tile Fund Index -5.00% Range Net Flows Return Range
Investment G/L 0.00% 0.00% Worst 4 Qtrs Investment G/L %-tile Worst 4 Qtrs
Ending Value 5.00% 5.00% Standard Deviation Ending Value EAFE Standard Deviation
12/31/2004 10.00% 10.00% Beta 12/31/2004 Return Beta
Qtr 15.00% 15.00% Annualized Alpha Qtr %-tile Annualized Alpha
122,596 20.00% 20.00% R-Squared 6,929 Universe R-Squared
-125 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr Qtr YTD 2003 2002 2001 2000 1999 1998 1997 1996 Sharpe Ratio -14 5th %-tile Sharpe Ratio
4,933 Trailing Returns through December 31, 2004 Calendar Year Returns Treynor Ratio 995 25th %-tile Treynor Ratio
127,404 Fund Fund Tracking Error 7,910 50th %-tile Tracking Error
2004 Return Return Information Ratio 2004 75th %-tile Information Ratio
YTD %-tile %-tile Fund YTD 95th %-tile Fund
125,479 Index Index 1 6,517 2 Qtrs 2
-5,707 Return Return 3 -56 6.05 2
7,631 %-tile %-tile 75 1,449 89 0
127,404 Universe Universe -1.39 7,910 9.85 -20.44
9/30/1992 5th %-tile 5th %-tile 14.37 3/31/2003 52 17.76
Incept 25th %-tile 25th %-tile 15.76 Incept 20.72 38.2
  59,084 50th %-tile 50th %-tile 22.36 4,822 13.85 -11.04
-37,434 75th %-tile 75th %-tile 9.83 -89 9.98 20.88
105,754 95th %-tile 95th %-tile 0.64 3,177 7.42 0.99
127,404   127,404,000  1 Yr  Qtr 9.68 7,910                 - 5.24 -5.32
Investment Policy 3.87 0.0387 0.71 0.0071 0.84 Investment Policy 3 Qtrs 1
Index 40 60 2.15 Index 11.81 -0.6
S&P 500 3.62 0.0362 0.62 0.0062 33 Russell 2000 84 -12.58
Lehman Gov/Credit-Intermediate 48 70 6.33 Total 16.97 1.28
Lehman Gov/Credit Bond 7.07 2.69 0.64 Weight 45 -3.9
Citigroup Treasury Bill - 3 Month 4.37 1.11 FR2000 100 31.1 EAFE
Weight 3.56 0.79 1 100 20.89 2
50 2.72 0.55 3 Trailing Returns through December 31, 2004 16.29 2
22.5 1.84 0.28 25 Fund 13.35 100
22.5 2 Yr YTD -2.86 FR2000 7.98 -19.69
5 4.9 3.87 14.09 Diff 1 Yr 19.57
Trailing Returns through December 31, 2004 1 Yr FUND 24 40 16.95 1 Yr 1 Yr FUND -11.04 -0.1104 39.26
Fund UNIVERSE 4.06 3.62 18.33 22.36 UNIVERSE 91 -6.05
Index POLICY 37 48 13.98 18.33 POLICY -6.05 -0.0605 20.98
Diff 10.86 7.07 1 4.03 48 1
1 Yr 4.68 4.37 0 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 9.7 0
6.34 3.6 3.56 1 3/31/2003 -1.34 1
7.16 2.83 2.72 1.22 Incept -6.42 -0.36
-0.82 2.01 1.84 17.09 33.74 -9.21 -7.46
2 Yr 3 Yr 2003 0 41 -12.06 0
1/10/1900 6.75 0.0675 5.94 0.0594 Diff -7.26 2 Yr Diff
   11.51 17 21 0 Calendar Year Returns   -10.79 0
   ################################# 6.14 0.0614 4.49 0.0449 0 Fund   83 0
  3 Yr 24 32 50 FR2000   -7.65 -100
6.14 8.48 14.81 1.47 Diff 57 -0.75
4.99 6.08 5.03 0.28 12/31/2004 8.44 -1.81
1.15 5.34 3.62 -1.19 Qtr -0.7 -1.06
4 Yr 4.61 2.79 4.03 14.37   -6.96 -4.99
4.53 3.68 1.77 -4.15 14.09 -9.7 -0.1
1/3/1900 4 Yr 2002 -0.36 0.28 -13.66 -0.01
1.27 7.31 10.55 0.1055 9.68 2004 3 Yr -5.32
5 Yr 3 Yr FUND 12 4 -0.16 YTD 3 Yr FUND 1.57 0.0157 0
2.64 N/A 6.78 10.42 0.1042 0.93 22.36 UNIVERSE -6.18 -0.24
2.71   19 5 15.91 18.33 POLICY -12.24 -0.1224 -5.12
-0.07 8.13 10.38 6.33 4.03 -15.88 1.28
6 Yr 6.52 9.25 5 Yr Incept 2003 2002 2001 2000 1999 1998 1997 1996 1995 -20.62 5 Yr 2 Yr
4.66 5.91 8.39 # of Negative Qtrs Returns in Up Markets 4 Yr # of Negative Qtrs
3.84 5.33 6.79 # of Positive Qtrs Fund 5.41 # of Positive Qtrs
0.82 4.51 3.64 Batting Average FR2000 -0.32 Batting Average
7 Yr 5 Yr 2001 Worst Qtr Ratio -4.16 Worst Qtr
1/6/1900 7.91 0.0791 9.02 0.0902 Best Qtr 1 Yr -6.7 Best Qtr
5.75 6 3 Range 24.1 -9.92 Range
0.67 7.61 0.0761 8.75 0.0875 Worst 4 Qtrs 21.8 5 Yr Worst 4 Qtrs
8 Yr 11 6 Standard Deviation 110.5 10.2 Standard Deviation
1/8/1900 7.92 8.8 Beta 3/31/2003 2.77 Beta
7.21 7.11 8.05 Annualized Alpha Incept -1.49 Annualized Alpha
0.8 6.63 7.55 R-Squared 41.7 -4.27 R-Squared
9 Yr 6.04 6.9 Sharpe Ratio 52.2 -7.36 Sharpe Ratio
8.4 5.19 4.28 Treynor Ratio 79.9 6 Yr Treynor Ratio
1/7/1900 6 Yr 2000 Tracking Error Returns in Down Markets 6.64 Tracking Error
0.73 6.43 10.31 0.1031 Information Ratio Fund 1.41 Information Ratio
10 Yr 5 Yr FUND 5 40 Fund FR2000 5 Yr FUND -1.72 -0.0172 Fund
9.68 N/A 6.14 10.97 0.1097 1 Ratio UNIVERSE -3.69 4
1/9/1900   12 22   6 1 Yr POLICY -8.09 -0.0809 4
0.5 6.38 11.87 Batting Average 42.86 -1.4 7 Yr 25
9/30/1992 5.78 10.81 -1.39 -2.9 8.57 -20.44
Incept 5.4 9.91 14.47 48.6 3.88 17.76
9.21 5 8.59 15.86 3/31/2003 0.88 38.2
8.39 4.48 1.11 22.36 Incept -1.36 -25.91
0.82 7 Yr 1999 Standard Deviation 9.5 -1.4 -5.83 18.05
Calendar Year Returns 6.84 -0.66 -0.0066 Beta 0.56 -2.9 8 Yr 1
Fund 2 63 Annualized Alpha 10.24 48.6 0.1024 8.99 -3.33 -0.0333
Index 6.54 -0.89 -0.0089 R-Squared 0.78 5.26 0.99
Diff 5 67 3.43 2.7 -0.7
12/31/2004 6.5 2.84 58.2 0.66 -12.72
Qtr 6.01 0.91 7.99 -3.32 1.43
4.04 5.66 -0.25 -0.91 Calendar Year Returns -2.2
4.87 5.27 -1.29 Policy FR2000 Fund EAFE
-0.83 4.71 -2.5 1 Return 4
2004 8 Yr 1998 6 %-tile 4
YTD 7.11 9.31 57.14 EAFE 75
6.34 2 2 -2.86 Return -19.69
7.16 6.82 8.94 23.42 %-tile 19.57
################################# 6 5 26.28 Universe 39.26
2003 6.85 8.88 18.33 5th %-tile -22.95
15.82 6.34 7.99 Standard Deviation 14.98 25th %-tile 17.94
16.03 5.98 7.38 1 50th %-tile   1
-0.21 5.58 6.71 0 75th %-tile 0
2002 5.08 4.05 1 95th %-tile   1
################################# 9 Yr 1997 2.66 Qtr -0.53
-6.92 QU. FUND 6.68 9.07 #REF! 39.85 QU. FUND 17.76 0.1776 -9.58
3.99 UNIVERSE 4 32 0 UNIVERSE 70 0
2001 POLICY 6.44 8.81 #REF! Diff POLICY 19.57 0.1957 Diff
-0.16 10 41 0 49 0
-1.75 6.54 11.26 0 26.5 0
1.59 6.03 9.33 -14.28 22.25 -50
2000 5.72 8.49 1.47 19.39 -0.75
-4.56 5.37 7.73 -8.95 17.23 -1.81
0.55 4.97 6.82 -10.42 14.38 -1.06
-5.11 10 Yr 1996 4.03 YTD -2.96
1999 7.8 3.27 -5.48 6.05 0.11
15.39 4 62 -0.44 89 0
9.65 7.48 3.48 10.24 9.85 -3.33
5.74 12 55 -0.22 52 -0.01
1998 7.69 8.1 0.77 20.72 -0.17
17.59 7.11 4.35 18.35 13.85 -3.14
17.98 6.72 3.57 7.99 9.98 1.43
-0.39 6.3 2.88 7 Yr 7.42 Incept
1997 5.76 2.05 # of Negative Qtrs 5.24 # of Negative Qtrs
19.82 # of Positive Qtrs 2002 # of Positive Qtrs
1/18/1900 2002 FUND #REF! Batting Average 2002 FUND -16.98 -0.1698 Batting Average
1.82 UNIVERSE Worst Qtr UNIVERSE 69 Worst Qtr
1996 POLICY #REF! Best Qtr POLICY -15.65 -0.1565 Best Qtr
11.57 Range 60 Range
11.46 Worst 4 Qtrs 1.13 Worst 4 Qtrs
0.11 Standard Deviation -8.2 Standard Deviation
1995 Beta -14.26 Beta
21.85 Annualized Alpha -17.82 Annualized Alpha
1/23/1900 R-Squared -22.25 R-Squared
-1.9 Sharpe Ratio 2001 Sharpe Ratio
Returns in Up Markets 2001 FUND #REF! Treynor Ratio 2001 FUND 3.58 0.0358 Treynor Ratio
Fund UNIVERSE Tracking Error N/A -10.16 Tracking Error
Index POLICY #REF! Information Ratio   -18.13 -0.1813 Information Ratio
Ratio Fund -22.9 Fund
3 Yr 9 -29.05 5.11
13.1 19 2000 4
15.1 42.86 2.88 34.15
86.3 -7.62 -8.21 -20.44
5 Yr 10.55 -15.61 17.76
12.8 18.17 -24.08 38.2
14.2 2000 FUND #REF! -10.62 2000 FUND -34 -0.34 -25.91
3/30/1900 N/A 9.34 N/A 1999 17.72
10 Yr   #REF! 0.94   116.89 1.1689 1
17.4 0.15 0.0015 67.58 -2.49
17.3 0.96 47.85 0.99
100.9 0.31 28.32 -0.71
9/30/1992 3.07 16.51 -12.62
Incept 1.96 1998 1.52
16.2 -0.15 27.64 -1.58
1/15/1900 Index 17.86 EAFE
104.5 1999 FUND #REF! 9 1999 FUND 11.79 0.1179 5.11
Returns in Down Markets N/A 19 N/A 2.35 4
Fund   #REF! 57.14   -29.32 -0.2932 65.85
Index -7.76 1997 -19.69
Ratio 11.23 22.94 19.57
3 Yr 18.99 11.7 39.26
-6.5 -10.74 5.22 -22.95
-12.7 9.72 -2.28 17.61
51 1 -30.46 1
5 Yr 0 1996 0
-10.9 1998 FUND #REF! 1 1998 FUND 28.9 0.289 1
-12.4 UNIVERSE 0.33 N/A 20.05 -0.58
88 POLICY #REF! 3.18   14.65 0.1465 -10.22
10 Yr 0 9.94 0
-10.7 Diff 0.97 Diff
-11.9 0 1995 0
89.5 0 21.87 0
9/30/1992 -14.28 13.07 -31.7
Incept 0.14 9.83 -0.75
-9.7 -0.68 3.73 -1.81
-10.8 #REF! -0.82 -8.25 -0.0825 -1.06
89.9 0.12 72 -2.96
#REF! -0.38 18.16 0.1816 0.11
-0.06 57 0
0.15 39.63 -2.49
-0.04 26.6 -0.01
-0.02 20.04 -0.13
-0.11 15.04 -2.4
1.96 10.25 1.52
Incept 1998 Incept
#REF! # of Negative Qtrs 21.35 0.2135 # of Negative Qtrs
# of Positive Qtrs 50 # of Positive Qtrs
#REF! Batting Average 27.17 0.2717 Batting Average
Worst Qtr 16 Worst Qtr
Best Qtr 32.25 Best Qtr
Range 25.03 Range
Worst 4 Qtrs 21.2 Worst 4 Qtrs
Standard Deviation 17.82 Standard Deviation
Beta 10.66 Beta
Annualized Alpha 1997 Annualized Alpha
R-Squared 23.48 R-Squared
Sharpe Ratio 17 Sharpe Ratio
Treynor Ratio 22.11 Treynor Ratio
Tracking Error 31 Tracking Error
Information Ratio 26.02 Information Ratio
Fund 22.69 Fund Fund
9 20.28 10
21 17.15 21
43.33 11.87 Batting Average 51.61
-7.62 1996 -8.65
10.55 20.73 16.75
18.17 4 25.4
-10.62 14.81 -9.99
9.05 34 Standard Deviation 10.7
0.94 19.27 Beta 0.7
0.16 15.51 Annualized Alpha 4.53
0.96 13.72 R-Squared 0.7
0.33 11.65 0.52
3.18 7.45 7.94
1.95 1995 6.97
-0.14 33.89 0.32
Index 28.38 Policy Policy
9 25.99 10
21 23.47 21
56.67 19.28 48.39
-7.76 -11.53
11.23 15.59
18.99 27.12
-10.74 -24.93
9.41 Standard Deviation 12.71
1 1
0 0
1 1
0.35 0.26
3.27 3.3
0 0
Diff Diff
0 0
0 0
-13.34 3.22
0.14 2.88
-0.68 1.16
-0.82 -1.72
0.12 14.94
-0.36 -2.01
-0.06 -0.3
0.16 4.53
-0.04 -0.3
-0.02 0.26
-0.09 4.64
1.95 6.97