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) N/A LOCK LOCK TOTAL EQUITY RISK HERE LOCK LOCK TOTAL FIXED EXECUTIVE HERE LOCK TOTAL FIXED UNIVERSE HERE(p1) N/A 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 Net Returns Total Fund Total Net Returns Total Net Returns Total Fund Total Net 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 25 61.1%BLCC, 18.5%BLCGC, 13%BLCVC, 7.4%BSC 61.1%BLCC, 18.5%BLCGC, 13%BLCVC, 7.4%BSC 27 35 50% Broad FI, 50% Intermediate FI 50% Broad FI, 50% Intermediate FI 37
Inception date is September 30, 1992 5 6 3 Yr Inception date is September 30, 1992 26 40 3 Yr Inception date is September 30, 1992 36 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 net of fees. Incept is September 30, 1992 to December 31, 2006 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is September 30, 1992 to December 31, 2006 Fiscal Year Returns Ending September Batting Average Returns are gross of fees. Incept is September 30, 1992 to December 31, 2006 Fiscal Year Returns Ending September Batting Average
Account Reconciliation Trailing Returns through December 31, 2006 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through December 31, 2006 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through December 31, 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 Fund 75-95th %tile Fund Index Best Qtr Beginning Value Fund 75-95th %tile Fund Index Best Qtr
Net Flows 75-95th %tile Fund Index -20.00% Range Net Flows Return -40.00% Range Net Flows Return -5.00% Range
Investment G/L 0.00% -10.00% Worst 4 Qtrs Investment G/L %-tile -30.00% Worst 4 Qtrs Investment G/L %-tile 0.00% Worst 4 Qtrs
Ending Value 5.00% 0.00% Standard Deviation Ending Value Index -20.00% Standard Deviation Ending Value Index 5.00% Standard Deviation
12/31/2006 10.00% 10.00% Beta 12/31/2006 Return -10.00% Beta 12/31/2006 Return 10.00% Beta
Qtr 15.00% 20.00% Annualized Alpha Qtr %-tile 0.00% Annualized Alpha Qtr %-tile 15.00% Annualized Alpha
185,449 20.00% 30.00% R-Squared 111,946 Universe 10.00% R-Squared 65,148 Universe 20.00% R-Squared
777 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 40.00% Sharpe Ratio 2,713 5th %-tile 20.00% Sharpe Ratio -2,578 5th %-tile 25.00% Sharpe Ratio
6,574 Trailing Returns through December 31, 2006 Qtr YTD 2006 2005 2004 2003 2002 2001 2000 1999 Treynor Ratio 5,989 25th %-tile 30.00% Treynor Ratio 708 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio
192,800 Fund Fiscal Year Returns Ending September Tracking Error 120,647 50th %-tile 40.00% Tracking Error 63,278 50th %-tile Fiscal Year Returns Ending September Tracking Error
2007 Return Fund Information Ratio 2007 75th %-tile 50.00% Information Ratio 2007 75th %-tile Fund Information Ratio
YTD %-tile Return Fund YTD 95th %-tile 60.00% Fund YTD 95th %-tile Return Fund
185,449 Index %-tile 3 111,946 1 Yr Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 3 65,148 1 Yr %-tile 4
777 Return   Index 9 2,713 14.27 0.1427 Fiscal Year Returns Ending September   9 -2,578 4.2 0.042 Index 8
6,574 %-tile Return 50 5,989 44 Fund 41.67 708 53 Return 58.33
192,800 Universe   %-tile -1.25 120,647 15.57 0.1557 Return   -2.4 63,278 3.92 0.0392 %-tile -2.18
9/30/1992 5th %-tile Universe 5.57 9/30/1992 23 %-tile 9.12 9/30/1992 68 Universe 3.46
Incept 25th %-tile 5th %-tile 6.82 Incept 18.06 Index 11.52 Incept 7.39 5th %-tile 5.64
59,084 50th %-tile 25th %-tile 4.49 18,638 15.39 Return 6.27 36,929 5.04 25th %-tile -0.51
5,020 75th %-tile 50th %-tile 4.53 12,194 13.8 %-tile 7.46 -15,012 4.26 50th %-tile 2.87
128,696 95th %-tile 75th %-tile 1.02 89,814 12.07 Universe 0.99 41,361 3.78 75th %-tile 0.89
192,800  192,800,000 1 Yr 95th %-tile -0.28 120,647   120,647,000 8.03 5th %-tile -0.02 63,278    63,278,000                                                    3 95th %-tile 0.43
Investment Policy 9.79 0.0979 Qtr 0.92 Investment Policy 2 Yr 25th %-tile 0.94 Investment Policy 2 Yr Qtr 0.99
Index 42 0.42 3.55 0.0355 0.9 Index 10.67 0.1067 50th %-tile 1 Index 2.96 0.0296 QU. FUND 0.1 0.001 0.09
S&P 500 1 Yr FUND 10.12 0.1012 90 4 S&P 500 24 75th %-tile 7.53 Lehman Gov/Credit-Intermediate 67 UNIVERSE 49 0.3
Lehman Gov/Credit-Intermediate UNIVERSE 34 0.34 4.17 0.0417 1.32 Russell 1000 Growth 10.29 0.1029   95th %-tile   1.76 Lehman Gov/Credit Bond 2.93 0.0293 POLICY 0.03 0.0003 0.45
Lehman Gov/Credit Bond POLICY 11.82 49 -0.11 Russell 1000 Value 33   Qtr -0.11 Total 68 59   0.22
Other 10.48 Qtr 4.97 0.0497 Index Russell 2000 1 Yr FUND 12.35 Qtr -1.98 -0.0198 Index Weight 5.11 0.61 Index
Weight 9.49 UNIVERSE 4.48 3 Weight UNIVERSE 10.6 UNIVERSE 29 3 50 3.76 0.31   4
33 8.55 POLICY 4.16 0.0416 9 61.1 POLICY 9.74 POLICY -1.9 -0.019 9 50 1 Yr FUND 3.23 0.09 8
23 6.26 3.86 50 18.5 8.7 26 58.33 100 UNIVERSE 2.8 -0.1 41.67
23 2 Yr 3.36 -1.67 13 6.66 -0.9 -2.46 Trailing Returns through December 31, 2006 POLICY 2.34 -0.36 -2.84
21 7.11   YTD 5.49 7.4 3 Yr -1.9   9.73 Fund 3 Yr YTD 3.55
Trailing Returns through December 31, 2006 34 3.55 7.16 Trailing Returns through December 31, 2006 10.44 0.1044 -2.42 12.19 Index 3.26 0.0326 0.07   6.39
Fund 6.93   90 3.54 Fund 42 -3.3   5.26 Diff 62 71 -0.86
Index 43 4.17 4.24 Index 10.63 0.1063 -4.73 7.34 1 Yr 3.16 0.0316 -0.12   3.21
Diff 8.43 49 1 Diff 36 YTD 1 4.2 68 81 1
1 Yr 7.39 4.97 0 1 Yr 12.63 6.28 0 3.92 5.69 2.16 0
9.79 6.82 4.48 1 14.27 11.07 12 1 0.28 4.07 1.15 1
10.12 6.26 4.16 1 15.57 10.12 5.07 1.04 2 Yr 3.5 0.49 0.05
-0.33 5.12 3.86 4.23 -1.3 9.08 37 7.64 2.96 2.99 -0.05 0.17
2 Yr 3 Yr 3.36 0 2 Yr 7.24 7.09 0 2.93 2.44 -0.53 0
7.11 7.07 0.0707 2006 Diff 10.67 4 Yr   5.48 Diff 1/0/1900 4 Yr 2005 Diff
6.93 55 0.55 7.57 0 10.29 14.62 0.1462 4.59   0 3 Yr 3.92 2004 2.02 0.0202 0
0.18 3 YR FUND 7.22 0.0722 16 0 0.38 48 3.64   0 3.26 49 UNIVERSE 68 0
3 Yr UNIVERSE 48 0.48 7.18 0 3 Yr 15.26 0.1526 1.56     -16.66 3.16 3.49 POLICY 2.02 0.0202 16.66
7.07 POLICY 8.96 26   0.42 10.44 26 2005 0.06 0.1 66 68   0.66
7.22 7.85 2004 8.41 0.0841 0.08 10.63 3 YR FUND 16.88 2004 14.34 0.1434 -0.61 4 Yr 7.95 4.66 -0.09
-0.15 7.15 UNIVERSE 7.2   -0.34 -0.19 UNIVERSE 15.28 UNIVERSE 41 -0.67 3.92 4.77 2.94   -0.75
4 Yr 6.6 POLICY 6.57 0.0657 0.95 4 Yr POLICY 14.55 POLICY 13.15 0.1315 1.01 3.49 3 YR FUND 3.88 2.38 0.35
9.39 5.59 5.8 0.29 14.62 13.56 63 0.12 0.43 UNIVERSE 3.22 1.89 -0.34
9.82 4 Yr   4.56 0.02 15.26 11.88 18.21 -0.01 5 Yr POLICY 2.57 1.28 -0.11
-0.43 9.39 2005 -0.28 -0.64 5 Yr 15.44   -0.02 5.22 5 Yr 2004 0.43
5 Yr 70   8.74 -0.08 5 Yr 7.53 0.0753 13.73 -0.06 4.84 5.22 0.0522 2003 3.49 0.0349 -0.01
6.34 9.82 47 -0.1 7.53 21 12.47   -0.04 0.38 27 UNIVERSE 33 0.04
5.88 48 8.03 -0.23 6.27 6.27 0.0627 9.75   -0.11 6 Yr 4.84 0.0484 POLICY 3 0.03 0.13
0.46 11.82 72   1.32 1.26 43 2004 1.76 5.84 43 49   0.45
6 Yr 10.49 2003 10.82 0.1082 5 Yr 5 Yr 6 Yr 8.9 2003 12.54 0.1254 5 Yr 5 Yr 5.48 6.97 7.43 5 Yr 5 Yr
4.88 9.77 UNIVERSE 9.45   # of Negative Qtrs 4.4 7.12 UNIVERSE 59 # of Negative Qtrs 0.36 5.29 3.83   # of Negative Qtrs
4.32 9.21 POLICY 8.65 0.0865 # of Positive Qtrs 2.7 6.05 POLICY 13.64 0.1364 # of Positive Qtrs 7 Yr 4.73 2.96 # of Positive Qtrs
0.56 8.4 7.94 Batting Average 1.7 4.99 40 Batting Average 6.47 4.2 2.27 Batting Average
7 Yr 5 Yr   6.9 Worst Qtr 7 Yr 2.71 18.31 Worst Qtr 6.25 3.52 1.54 Worst Qtr
3.41 6.34 0.0634 2004 Best Qtr 1/1/1900 6 Yr 14.62 Best Qtr 1/0/1900 6 Yr 2003 Best Qtr
3.4 36 0.36 8.1 Range 0.4 4.4 13.05 Range 8 Yr 5.84 2002 7.39 0.0739 Range
1/0/1900 5 YR FUND 5.88 0.0588 78 Worst 4 Qtrs 1/1/1900 23 11.06 Worst 4 Qtrs 5.55 18 UNIVERSE 21 Worst 4 Qtrs
8 Yr UNIVERSE 54 0.54 8.75 Standard Deviation 8 Yr 2.7 0.027 8.09   Standard Deviation 5.33 5.48 POLICY 6.26 0.0626 Standard Deviation
1/4/1900 POLICY 7.82 61   Beta 4.38 45 2003 Beta 0.22 27 27   Beta
4.16 6.76 2002 11.6 0.116 Annualized Alpha 2.68 5 YR FUND 6.6 0.066 2002 20.44 0.2044 Annualized Alpha 9 Yr 6.9 15.41 Annualized Alpha
0.64 5.99 UNIVERSE 10.22   R-Squared 1.7 UNIVERSE 4.07 UNIVERSE 88 R-Squared 5.96 5.54 0.0554 6.36   R-Squared
9 Yr 5.32 POLICY 9.09 0.0909 Sharpe Ratio 9 Yr POLICY 2.53 POLICY 25.89 0.2589 Sharpe Ratio 5.73 5 YR FUND 5.03 4.78 Sharpe Ratio
6.11 4.21 8.2 Treynor Ratio 6.62 1.48 18 Treynor Ratio 0.23 UNIVERSE 4.57 0.0457 3.82 Treynor Ratio
5.61 6 Yr   6.43 Tracking Error 1/5/1900 -1.99 28.13 Tracking Error 10 Yr POLICY 4 2.69 Tracking Error
0.5 4.88 2003 Information Ratio 1/1/1900 7 Yr 25.31   Information Ratio 6.27 7 Yr 2002 Information Ratio
10 Yr 31   12.74 Fund Fund 10 Yr 1.41 23.7 Fund Fund 6.03 6.47 2001 8.77 0.0877 Fund Fund
7.37 4.32 93 5 8.97 36 21.94   6 0.24 13 UNIVERSE 6 4
1/6/1900 48 16.91 15 1/7/1900 0.4 18.64   14 9/30/1992 6.25 POLICY 8.65 0.0865 16
0.58 6.31 20   Batting Average 60 1.08 62 2002 Batting Average 45 Incept 18 8   Batting Average 65
9/30/1992 5.23 2001 20.16 0.2016 -5.68 9/30/1992 6 2001 -9.95 -0.0995 -14.86 6.24 6.83 8.8 -2.18
Incept 4.28 UNIVERSE 16.25   7.3 Incept 2.5 UNIVERSE 5 12.58 1/6/1900 6.09 7.65   4.93
8.52 3.49 POLICY 14.98 0.1498 12.98 11.4 0.82 POLICY -20.84 -0.2084 27.44 0.13 5.69 6.86 7.11
7.93 1.78 14.02 -6.57 10.76 -0.41 71 -20.21   Fiscal Year Returns Ending September 5.23 5.67 -0.51
0.59 7 Yr 12.56 Standard Deviation 5.57 0.64 -3.82 -10.38 Standard Deviation 11.13 Fund 4.6 1.79 Standard Deviation 3.58
Fiscal Year Returns Ending September 3.41 2002 Beta 0.82 Fiscal Year Returns Ending September 8 Yr -17.34 Beta 0.86 Index 8 Yr 2001 Beta 0.89
Fund 65 -2.02 Annualized Alpha 1.44 0.0144 Fund 4.38 -19.53 Annualized Alpha 1.97 0.0197 Diff 5.55 2000 13.27 0.1327 Annualized Alpha 0.87 0.0087
Index 3.4 1 R-Squared 0.91 Index 24 -21.08 R-Squared 0.95 12/31/2006 12 UNIVERSE 4 R-Squared 0.99
Diff 65 -7.82 0.72 Diff 2.68 -23.77   0.47 Qtr 5.33 POLICY 13.04 0.1304 0.8
12/31/2006 6.62 57   4.87 12/31/2006 59 2001 6.02 1.08 17 7   3.22
Qtr 4.98 2000 -4.41 -0.0441 2.05 Qtr 6.2 2000 -31.03 -0.3103 3.06 1.03 5.9 13.13 0.61
3.55 3.76 UNIVERSE -6.1   0.22 5.26 4.26 UNIVERSE 76 0.41 0.05 5.14 12.35   0.62
4.17 3.09 POLICY -7.52 -0.0752 Policy Index 6.89 2.97 POLICY -30.46 -0.3046 Policy Index 2007 4.76 11.69 Policy Index
-0.62 1.39 -8.55 7 -1.63 2.04 73 7 YTD 4.39 10.55 6
2007 8 Yr -10.5 13 2007 -0.23 -5.3 13 1/1/1900 3.9 0.57 14
YTD 4.8 2001 40 YTD 9 Yr -17.68 55 1.03 9 Yr 2000 35
3.55 77 -13.38 -7.1 5.26 6.62 -27.57 -16.86 0.05 5.96 6.22 -2.84
4.17 4.16 75 9.86 6.89 10 -30.96 15.78 2006 3 33 5.11
-0.62 90 -12.38 16.96 -1.63 5.37 -39.84 32.64 3.52 5.73 6.47 7.95
2006 7.08 70 -8.99 2006 46 2000 -25.12 3.43 8 17 -0.86
7.57 6.03 1.58 Standard Deviation 6.46 11.04 7.28 17.11 Standard Deviation 12.56 0.09 5.86 6.94 Standard Deviation 3.99
7.18 5.34 -4.72 1 10.36 5.89 36 1 2005 5.28 6.33 1
0.39 4.82 -10.08 0 0.68 5.25 12.38 0 2.02 4.96 5.96 0
2005 3.6 -13.47 1 2005 4.42 67 1 2.02 4.63 5.47 1
8.74 9 Yr -18.04 0.55 14.34 2.51 37.21 0.31 0 4.18 2.92 0.62
8.03 6.11 2000 3.53 13.15 10 Yr 20.71 3.92 2004 10 Yr 1999 2.49
0.71 5.61 12.39 0 1.19 8.97 14.58 0 3.49 6.27 -0.41 0
2004 10 Yr 83 Diff 2004 9 10.6 Diff 3 5 72 Diff
8.1 7.37 9.42 -2 12.54 7.89 2.15 -1 0.49 6.03 -0.5 -2
8.75 6.79 93 2 13.64 40 1999 1 2003 10 75 2
-0.65 6.43 27.65 20 -1.1 9.27 30.59 -10 7.39 6.2 3.72 30
2003 5.54 18.75 1.42 2003 8.25 23 2 6.26 5.65 1.67 0.66
12.74 5.16 15.15 -2.56 20.44 7.65 26.68 -3.2 1.13 5.31 0.54 -0.18
16.91 4.56 13.41 -3.98 25.89 6.67 51 -5.2 2002 4.96 -0.58 -0.84
-4.17 3.47 7.91 2.42 -5.45 5.07 42.92 4.91 8.77 4.47 -2.06 0.35
2002 10 Yr 1999 -0.89 2002 Fiscal Year Returns Ending September 29.79 -1.43 8.65 Fiscal Year Returns Ending September 1998 -0.41
-2.02 7.38 14.22 -0.18 -9.95 Fund 26.74 -0.14 0.12 Fund 11.65 -0.11
-7.82 11 80 1.44 -20.84 Return 17.54 1.97 2001 Return 7 0.87
5.8 6.86 12.85 -0.09 10.89 %-tile 2.98 -0.05 13.27 %-tile 11.62 -0.01
2001 31 85 0.17 2001 Index 1998 0.16 13.04 Index 8 0.18
-13.38 7.75 25.85 1.34 -31.03 Return 6.61 2.1 0.23 Return 12.17 0.73
-12.38 6.96 20.91 2.05 -30.46 %-tile 37 3.06 2000 %-tile 9.97 0.61
-1 6.58 19.29 10 Yr -0.57 Universe 10.1 10 Yr 6.22 Universe 8.86 10 Yr
2000 5.92 15.67 # of Negative Qtrs 2000 5th %-tile 11 # of Negative Qtrs 6.47 5th %-tile 7.67 # of Negative Qtrs
12.39 5.04 11.12 # of Positive Qtrs 17.11 25th %-tile 12.45 # of Positive Qtrs -0.25 25th %-tile 2.96 # of Positive Qtrs
9.42 5.89 7.88 Batting Average 1/12/1900 50th %-tile 8.45   Batting Average 6/21/1905 50th %-tile 16.26   Batting Average
2.97 7.17 5.74 Worst Qtr 4.73 75th %-tile 4.58 Worst Qtr -0.41 75th %-tile 12.82 Worst Qtr
6/21/1905 5.92 3.39 Best Qtr 1999 95th %-tile -2.5   Best Qtr -0.5 95th %-tile 8.28   Best Qtr
14.22 4.24 -0.57 Range 30.59 Qtr -15.76 Range 0.09 Qtr 27 Range
12.85 Worst 4 Qtrs 1/26/1900 5.26 0.0526 -17.25   Worst 4 Qtrs 6/20/1905 1.08 0.0108 9.46   Worst 4 Qtrs
1.37 Standard Deviation 3.91 95 19 Standard Deviation 11.65 65 3.7 Standard Deviation
6/20/1905 Beta 1998 6.89 0.0689 17.44   Beta 11.62 1.03 0.0103 2.37   Beta
8.8 Annualized Alpha 6.61 29 15.88 Annualized Alpha 0.03 72 1.11 Annualized Alpha
1/9/1900 R-Squared 10.1 7.66 14.26 R-Squared Returns in Up Markets 2.68 0.39 R-Squared
-0.92 Sharpe Ratio -3.49 6.95 YTD Sharpe Ratio Fund 1.52 YTD Sharpe Ratio
Returns in Up Markets Treynor Ratio Returns in Up Markets 6.6 12.31 Treynor Ratio Index 1.2 4.44 Treynor Ratio
Fund Tracking Error Fund 6.16 65 Tracking Error Ratio 1.01 37 Tracking Error
Index Information Ratio Index 5.26 13.02 Information Ratio 3 Yr 0.81 5.23 Information Ratio
Ratio Fund Ratio YTD 50 Fund 7.1 YTD 29 Fund
3 Yr 11 3 Yr 5.26 17.59 13 7.5 1.08 16.11 7
10.4 29 16.9 95 14.43 27 94 65 5.92 33
11.3 57.5 17.8 6.89 13.01 55 5 Yr 1.03 3.67 62.5
92.2 -5.94 94.9 29 11.77 -15 8.6 72 1.98 -2.18
5 Yr 11.33 5 Yr 7.66 9.97 22.14 8.8 2.68 0.87 4.93
13.3 17.27 22.5 6.95 2002 37.14 97.7 1.52 2002 7.11
15.4 -13.38 25.6 2002 FUND 6.6 -21.65   -31.03 10 Yr 2002 FUND 1.2 10.49   -0.66
86.1 7.9 3/27/1900 UNIVERSE 6.16 88 15.02 1/9/1900 UNIVERSE 1.01 11 3.46
10 Yr 0.95 10 Yr POLICY 5.26 -20.67   0.93 9.3 POLICY 0.81 11.02   0.94
1/16/1900 0.86 31.4 2006 84   1.53 99.2 2006 8 0.6
1/17/1900 0.93 2/1/1900 11.04 -9.82 0.94 9/30/1992 3.52 11.72   0.97
98.8 0.47 4/5/1900 13 -13.94 0.35 Incept 51 9.31 0.75
9/30/1992 3.89 9/30/1992 10.36 -16.68 5.7 9.6 3.43 7.69   2.77
Incept 2.16 Incept 22 -19.33 3.7 9.7 56 4.45 0.62
15.7 0.27 26.8 11.98 -23.14 0.29 99.1 5.33 -2.07 0.39
1/15/1900 Index 27.6 10.22 2001 Index Returns in Down Markets 4 2001 Index
100.8 13 97.3 2001 FUND 9.18 -5.89   14 Fund 2001 FUND 3.53 8.73   10
Returns in Down Markets 27 Returns in Down Markets UNIVERSE 7.71 74 26 Index UNIVERSE 3.11 14 30
Fund 42.5 Fund POLICY 5.04 -11.08   45 Ratio POLICY 2.62 8.51   37.5
Index -7.1 Index 2005 96 -16.86 3 Yr 2005 18 -2.84
Ratio 10.4 Ratio 14.34 5.46 21.13 -3.9 2.02 9.68   5.11
3 Yr 17.5 3 Yr 30 -0.02 37.99 -5 68 8.13 7.95
-1.8 -12.38 -5.2 13.15 -3.26 -30.46 78.6 2.02 7.33   -0.89
-3.1 7.97 -6.3 53 -6.04 15.72 5 Yr 68 6.21 3.64
57.1 1 81.5 16.91 -10.93 1 -2.2 4.66 0.36 1
5 Yr 0 5 Yr 14.67 2000 0 -3.7 2.94 2000 0
-5.5 1 -15.6 2000 FUND 13.27 -5.56   1 58.3 2000 FUND 2.38 12.61   1
-9.8 0.39 -22.1 UNIVERSE 12.18 98 0.27 10 Yr UNIVERSE 1.89 8 0.65
56 3.12 70.5 POLICY 10.75 -6.49   4.22 -2 POLICY 1.28 11.84   2.36
10 Yr 0 10 Yr 2004 99 0 -3.1 2004 15 0
-10 Diff -23 12.54 16.45 Diff 65.9 3.49 13.05   Diff
-11.8 -2 ################################ 67 9.38 -1 9/30/1992 33 11.01 -3
84.8 2 87.5 13.64 5.82 1 Incept 3 9.44   3
9/30/1992 15 9/30/1992 46 1.47 10 -2.7 49 7.02 25
Incept 1.16 Incept 17.6 -4.06 1.86 -3.5 7.43 -8.83 0.66
-9.4 0.93 -22.5 15.2 1999 1.01 79.4 3.83 1999 -0.18
-11 -0.23 -25.4 1999 FUND 13.42 19.52   -0.85 1999 FUND 2.96 -2.72   -0.84
85.5 -1 88.6 UNIVERSE 12.02 46 -0.57 UNIVERSE 2.27 88 0.23
-0.07 POLICY 8.85 20.41   -0.7 POLICY 1.54 -2.15   -0.18
-0.05 2003 41 -0.07 2003 83 -0.06
0.86 20.44 35.59 1.53 7.39 7   0.6
-0.07 87 24.4 -0.06 21 2.72 -0.03
0.08 25.89 18.88 0.08 6.26 0.33   0.1
0.77 5 13.96 1.48 27 -1.4 0.41
2.16 25.71 8.02 3.7 15.41 -3.93 0.62
Incept 24.44 1998 Incept 6.36 1998 Incept
# of Negative Qtrs 1998 FUND 23.14 16.91   # of Negative Qtrs 1998 FUND 4.78 9.74   # of Negative Qtrs
# of Positive Qtrs UNIVERSE 21.41 13 # of Positive Qtrs UNIVERSE 3.82 7 # of Positive Qtrs
Batting Average POLICY 18.56 20.4   Batting Average POLICY 2.69 9.47   Batting Average
Worst Qtr 2002 6 Worst Qtr 2002 8 Worst Qtr
Best Qtr -9.95 21.24 Best Qtr 8.77 9.93   Best Qtr
Range 1 14.25 Range 6 8.09 Range
Worst 4 Qtrs -20.84 9.97 Worst 4 Qtrs 8.65 6.94 Worst 4 Qtrs
Standard Deviation 78 6.68 Standard Deviation 8 5.76 Standard Deviation
Beta -14.5 1.46 Beta 8.8 -0.13 Beta
Annualized Alpha -17.86 1997 Annualized Alpha 7.65 1997 Annualized Alpha
R-Squared -19.53 38.59 R-Squared 6.86 8.55 R-Squared
Sharpe Ratio -20.7 1 Sharpe Ratio 5.67 54 Sharpe Ratio
Treynor Ratio -22.91 30.86 Treynor Ratio 1.79 9.75 Treynor Ratio
Tracking Error 2001 16 Tracking Error 2001 26 Tracking Error
Information Ratio -31.03 33.38 Information Ratio 13.27 14.34 Information Ratio
Fund 75 29.54 Fund 4 9.77 Fund
12 -30.46 26.7 14 13.04 8.72 12
45 72 23.64 43 7 7.12 45
57.89 -5.79 16.88 50.88 13.13 5.89 63.16
-5.94 -22.78 1996 -15 12.35 1996 -2.78
11.33 -27.95 19.67 22.14 11.69 5.98 5.99
17.27 -31.32 69 37.14 10.55 20 8.77
-13.38 -41.1 21.34 -31.03 0.57 2.91 -3.65
7.25 2000 52 13.59 2000 74 3.67
0.96 17.11 28.78 0.94 6.22 13.49 0.96
0.85 36 24.05 1.26 33 5.37 0.35
0.91 12.38 21.49 0.93 6.47 3.97 0.97
0.64 65 18.8 0.55 17 2.83 0.63
4.8 36.72 14.89 7.97 6.94 1.19 2.43
2.18 20.79 1995 3.76 6.33 1995 0.64
0.27 13.71 37.47 0.17 5.96 23.05 0.2
Index 11.11 31.79 Index 5.47 18.43 Index
15 0.54 28.75 15 2.92 16.26 15
42 1999 25.73 42 1999 12.82 42
42.11 30.59 21.74 49.12 -0.41 8.28 36.84
-7.1 22 -16.86 72 -2.84
10.4 26.68 21.13 -0.5 5.74
17.5 63 37.99 75 8.58
-12.38 39.72 -30.46 3.72 -2.9
7.18 29.78 14 1.67 3.76
1 27.38 1 0.54 1
0 23.53 0 -0.58 0
1 10.56 1 -2.06 1
0.56 0.49 0.59
4.02 6.85 2.2
0 0 0
Diff Diff Diff
-3 -1 -3
3 1 3
15.78 1.76 26.32
1.16 1.86 0.06
0.93 1.01 0.25
-0.23 -0.85 0.19
-1 -0.57 -0.75
0.07 -0.41 -0.09
-0.04 -0.06 -0.04
0.85 1.26 0.35
-0.09 -0.07 -0.03
0.08 0.06 0.04
0.78 1.12 0.23
2.18 3.76 0.64