HOLLYWOOD POLICE PDF
LOCK INVERNESS EQUITY EXECUTIVE HERE LOCK LOCK INVERNESS EQ. UNIVERSE HERE(p1) N/A LOCK LOCK INVERNESS EQUITY RISK HERE LOCK LOCK DHJ EQUITY EXECUTIVE HERE LOCK LOCK DHJ EQUITY Universe HERE(p1) N/A LOCK LOCK DHJ EQUITY RISK HERE LOCK EAGLE SMALL CAP EXECUTIVE HERE LOCK LOCK EAGLE SMALL CAP UNIVERSE HERE(P1) N/A LOCK LOCK EAGLE SMALL CAP RISK HERE LOCK LOCK BUCKHEAD TOTAL EQ EXECUTIVE HERE LOCK LOCK BUCKHEAD TOTAL EQ UNIVERSE HERE(P1) N/A LOCK LOCK BUCKHEAD TOTAL EQ RISK HERE LOCK LOCK LOCK LOCK LOCK LOCK LOCK LOCK
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 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 Hollywood Police Pension Fund Hollywood Police Pension Fund %
Inverness Stock Returns Inverness Stock Returns Inverness Stock Returns Inverness Stock Returns DHJ Total Net Returns (Stocks + Cash) DHJ Total Net Returns (Stocks + Cash) DHJ Total Gross Returns (Stocks + Cash) DHJ Total Net Returns (Stocks + Cash) EAM Net Total (Stocks + Cash) EAM Net Total (Stocks + Cash) EAM Gross Total (Stocks + Cash) EAM Net Total (Stocks + Cash) Buckhead Net Total (Equity + Cash) Buckhead Net Total (Equity + Cash) Buckhead Gross Total (Equity + Cash) Buckhead Net Total (Equity + Cash)
Executive Summary Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Universe Comparisons Risk Measures Executive Summary Universe Comparisons Universe Comparisons Risk Measures
40 Broad Large Cap Core Broad Large Cap Core 42 45 Broad Large Cap Growth Broad Large Cap Growth Core 47 50 Broad Small Cap Broad Small Cap 52 55 Broad Large Cap Value Core Broad Large Cap Value Core 57
Inception date is September 30, 1992 41 50 3 Yr Inception date is March 31, 2000 46 60 3 Yr Inception date is March 31, 2003 51 68 Incept 3 Yr Inception date is December 31, 2003 56 76 2 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 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 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, 2008 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is March 31, 2000 to June 30, 2008 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is March 31, 2003 to June 30, 2008 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is December 31, 2003 to June 30, 2008 Fiscal Year Returns Ending September Batting Average
Account Reconciliation Trailing Returns through June 30, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through June 30, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through June 30, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through June 30, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr
Beginning Value Fund 75-95th %tile Fund S&P 500 Best Qtr Beginning Value Fund 75-95th %tile Fund R1000G Best Qtr Beginning Value Fund 75-95th %tile Fund FR2000 Best Qtr Beginning Value Fund 75-95th %tile Fund R1000V Best Qtr
Net Flows Return -40.00% Range Net Flows Return -75.00% Range Net Flows Return -50.00% Range Net Flows Return -30.00% Range
Investment G/L %-tile -30.00% Worst 4 Qtrs Investment G/L %-tile -50.00% Worst 4 Qtrs Investment G/L %-tile -25.00% Worst 4 Qtrs Investment G/L %-tile -20.00% Worst 4 Qtrs
Ending Value S&P 500 -20.00% Standard Deviation Ending Value R1000G -25.00% Standard Deviation Ending Value FR2000 0.00% Standard Deviation Ending Value R1000V -10.00% Standard Deviation
6/30/2008 Return -10.00% Beta 6/30/2008 Return 0.00% Beta 6/30/2008 Return 25.00% Beta 6/30/2008 Return 0.00% Beta
Qtr %-tile 0.00% Annualized Alpha Qtr %-tile 25.00% Annualized Alpha Qtr %-tile 50.00% Annualized Alpha Qtr %-tile 10.00% Annualized Alpha
72,511 Universe 10.00% R-Squared 25,368 Universe 50.00% R-Squared 10,183 Universe 75.00% R-Squared 13,212 Universe 20.00% R-Squared
-2,279 5th %-tile 20.00% Sharpe Ratio -1 5th %-tile 75.00% Sharpe Ratio 6 5th %-tile 100.00% Sharpe Ratio -1 5th %-tile 30.00% Sharpe Ratio
-456 25th %-tile 30.00% Treynor Ratio 134 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio -70 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio -327 25th %-tile 40.00% Treynor Ratio
69,777 50th %-tile 40.00% Tracking Error 25,501 50th %-tile Fiscal Year Returns Ending September Tracking Error 10,118 50th %-tile Fiscal Year Returns Ending September Tracking Error 12,884 50th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Tracking Error
2008 75th %-tile 50.00% Information Ratio 2008 75th %-tile Fund Information Ratio 2008 75th %-tile Fund Information Ratio 2008 75th %-tile Fiscal Year Returns Ending September Information Ratio
YTD 95th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Fund YTD 95th %-tile Return Fund YTD 95th %-tile Return Fund Fund YTD 95th %-tile Fund Fund
79,422 1 Yr Fiscal Year Returns Ending September 4 27,634 2 Qtrs %-tile 2 11,345 2 Qtrs %-tile 6 15,453 2 Qtrs Return 4
-392 -5.86 -0.0586 Fund 8 -2 -7.75 R1000G 10 13 -9.62 FR2000 6 -3 -9.28 %-tile 4
-9,252 9   Return 75 -2,131 16 Return 50 -1,240 55 Return Batting Average 75 -2,566 1 R1000V 37.5
69,777 -13.12 -0.1312 %-tile -8.43 25,501 -9.06 %-tile -8.23 10,118 -9.37 %-tile -9 12,884 -13.57 Return -8.08
9/30/1992 48 S&P 500 9.72 3/31/2000 28 Universe 5.84 3/31/2003 51 Universe 11.93 12/31/2003 70 %-tile 6.77
Incept -5.11 Return 18.15 Incept -6.14 5th %-tile 14.07 Incept -3.32 5th %-tile 20.93 Incept -10.34 Universe 14.85
  18,638 -11.17 %-tile -5.86 10,795 -8.83 25th %-tile -2.35 4,822 -7.11 25th %-tile -12.32 7,800 -11.88 5th %-tile -17.15  
-33,483 -13.21 Universe 10.28 14,202 -10.4 50th %-tile 9.75 102 -9.34 50th %-tile Standard Deviation 12.68 3,182 -12.07 25th %-tile 10.8
84,622 -14.72 5th %-tile 0.96 504 -12.07 75th %-tile 0.89 5,194 -11.8 75th %-tile Beta 0.88 1,902 -14.36 50th %-tile BETA 0.87
69,777  69,777,000                                                                                                            (20) 25th %-tile 5.91 25,501  25,501,000 -14.91 95th %-tile 0.14 10,118  10,118,000 -16.35 95th %-tile Annualized Alpha 4.68 0.0468 12,884           12,884,000 -21.54 75th %-tile ALPHA -0.11 -0.0011 #REF!
Investment Policy 2 Yr 50th %-tile 0.88 Investment Policy 3 Qtrs Qtr 0.95 Investment Policy 3 Qtrs Qtr R-Squared 0.92 Investment Policy 3 Qtrs 95th %-tile 0.91
Index 8.68 75th %-tile 0.6 Index -7.71 QU. FUND -3.66 -0.0366 0.13 Index -10.92 QU. FUND -2.59 -0.0259 0.32 Index -16.61 Qtr -0.44
S&P 500 1 95th %-tile 6.45 Russell 1000 Growth 18 UNIVERSE 39   1.45 Russell 2000 26 UNIVERSE 12   4.63 Russell 1000 Value 63 -0.49 -0.0049 -5.41
Total 2.36 Qtr 3.55 Total -9.75 POLICY -3.9 -0.039 2.56 Total -13.52 POLICY -5.02 -0.0502 3.97 Total -18.58 36   3.6
Weight 39 -1.55 -0.0155 1.66 Weight 34 46 -0.2 Weight 48 54 1.11 Weight 81 0.59 0.0059 0
100 1 Yr FUND 6.64 QU. FUND 41   S&P 500 100 -4.98 -1.39 R1000G 100 -5.58 -1.91 Policy FR2000 100 -12.83 13 R1000V
100 UNIVERSE 3.23 UNIVERSE -1.44 -0.0144 4 100 -8.73 -3.05 3 100 -10.66 -3.39 4 100 -14.9 1.73 4
Trailing Returns through June 30, 2008 POLICY 2.11 POLICY 30 8 Trailing Returns through June 30, 2008 -11.46 -4.08   9 Trailing Returns through June 30, 2008 -13.71 -4.84   8 Trailing Returns through June 30, 2008 -15.41 -0.06 4
Fund 0.82 0.64 25 Fund -13.83 -5.16 50 Fund -16.2 -6.35 25 Fund -17.88 -1.29 62.5
S&P 500 -1.69 -1.19 -9.45 R1000G -18.67 -6.87   -10.18 FR2000 -22.07 -9.22   -9.9 R1000V -23.68 -1.6 -8.72
Diff 3 Yr -1.85 6.7 Diff 1 Yr YTD 6.86 Diff 1 Yr YTD 13.93 Diff 1 Yr -3.2   8
1 Yr 10.3 0.103 -3.28   16.15 1 Yr -2.35 -0.0235 2.22 17.04 1 Yr -12.32 -0.1232 10.76 23.83 1 Yr -17.15 -0.1715 YTD 16.72 1 Yr FUND #REF!
-5.86 1   -5.66 -13.12 ############################################### 20 64 -5.96 ############################################### 30 20 -16.19 ############################################### 67   6.81   -18.78 UNIVERSE
-13.12 4.41 0.0441 YTD   10.09 -5.96 -5.96 -0.0596 2.02 10.7 -16.19 -16.19 -0.1619 9.44 Standard Deviation 13.75 -18.78 -18.78 -0.1878 24 11.85 POLICY #REF!
7.26 47 6.94 1 3.61 42 67 1 3.87 52 28 1 1.63 81 7.91 1
2 Yr 8.17 16 0 2 Yr 2.17 8.65 0 2 Yr -5.61 13.84 0 2 Yr -11.76 13 0
8.68 5.3 4.85 1 1/5/1900 -3.56 5.33 1 1/4/1900 -11.02 9.78 1 ############################################### -13.3 9.32 1
2.36 4.31 42 0.03 5.8 -7.03 2.98 0.17 -1.22 -16.03 7.83 -0.02 -0.51 -15 6.74 -0.4
6.32 3.7 8.45 0.3 -0.27 -11.06 1.38 1.8 5.42 -19.74 5.58 -0.32 -0.01 -18.15 4.82 -4.7
3 Yr 0.33 5.82 0 3 Yr -16.5 -1.66 0 3 Yr -24.23 1.51 0 3 Yr -24.08   4.38 0
1/10/1900 4 Yr 4.67 Diff 5.4 2 Yr 2005   Diff 1/8/1900 INCEPTION 2 Yr 2005   Diff 1/1/1900 2 Yr 1.98 Diff
Incept ROR 4.41 9.03 3.13 0   1/5/1900 5.53 2004 FUND 13.12 0.1312 -1 1/3/1900 UNIVERSE 4.2 2004 FUND 21.9 0.219 2 1/3/1900 -0.52 -0.0052 2005 0     
Fund 5.89 2 0.06 0   -0.51 34 UNIVERSE 55   1 4.39 POLICY 16 UNIVERSE 23   -2 -1.72 78 11.9 0.119 0     
Policy 4 Yr 4.88 2005 50   4 Yr 5.8 POLICY 11.6 0.116 0 4 Yr -1.22 POLICY 17.95 0.1795 50 4 Yr -0.51 -0.0051 62   -25    
9.03 53 14.04   1.02 1/4/1900 30 71 1.95 1/9/1900 55 63 0.9 1/3/1900 78 16.69 0.1669 0.64
4.88 3 Yr FUND 8.29 2004 FUND 38 3.02 1/4/1900 1 Yr FUND 10.21 25.77 -1.02 1/5/1900 7.56 26.4 -2 1/6/1900 3.47 23 -1.23
4.15 UNIVERSE 6.04 UNIVERSE 12.25 2 0.06 UNIVERSE 6.39 18.07 -2.97 4.04 2.72 21.72 -2.9 -2.31 2.2 24.1 -1.87
5 Yr POLICY 4.96 POLICY 57 7.26 5 Yr POLICY 4.41 13.56   3.61 5 Yr   -0.86 19.25   3.87 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 1.5 16.12 1.63
10.98 4.31 22.88 0.19 1/6/1900 2.38 11.02 -0.95 1/12/1900 -2.95 16.53 -1.07 12/31/2003 -0.34 12.74   -1.05
7.58 2.04 15.79 -0.04 7.32 -0.72 7.76   -0.11 1/10/1900 -6.06 11.14   -0.12 Incept -5.65 11.06 -0.13
3.4 5 Yr   12.59 5.91 -0.79 3 Yr 2004   0.14 2.62 3 Yr 2004   4.68 4.02 3 Yr 7.98   -0.11
6 Yr 10.98 0.1098 11.47 -0.12 6 Yr 5.4 0.054 2003 FUND 4.69 0.0469 -0.05 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 3 Yr FUND 8.18 0.0818 2003 FUND 22.46 0.2246 -0.08 6.28 1.81 0.0181 2004   -0.09 3 Yr FUND #REF!
9.05 3   7.61 0.57 5.04 52 UNIVERSE 87   -0.04 3/31/2003 UNIVERSE 18 UNIVERSE 26   0.34 ############################################### 85 23.92 0.2392 -0.04  N/A
6.33 7.58 0.0758 2004 6.15 1/6/1900 5.91 0.0591 POLICY 7.51 0.0751 -0.35 Incept POLICY 3.79 0.0379 POLICY 18.78 0.1878 4.95 Fiscal Year Returns Ending September 3.53 0.0353 18.34   -0.71   #REF!
2.72 51 13.63 3.55 -1.54 41 61 2.56 14.96 52 54 3.97 Fund 68 14.42 0.1442 3.6
7 Yr 10.62 2003 FUND 39 5 Yr 7 Yr 9.66 15.25 5 Yr 14.27 10.9 28.92 4 Yr R1000V 6.78 13.02 3 Yr
6.33 8.71 UNIVERSE 13.87 5 Yr # of Negative Qtrs 1/1/1900 7.02   11.67 # of Negative Qtrs 0.69 6.89 22.49 # of Negative Qtrs Diff 4.41 8.08 # of Negative Qtrs
1/2/1900 7.59 POLICY 35 # of Positive Qtrs 1/1/1900 5.49 8.28 # of Positive Qtrs Fiscal Year Returns Ending September 3.84 19.1 # of Positive Qtrs 6/30/2008 4.13 2003 # of Positive Qtrs
3.88   7.01 19.71 Batting Average 1/0/1900 4.07 6.32 Batting Average Fund 2.33 16.07 Batting Average Qtr 3.12 27.67 Batting Average
8 Yr   4.49 14.67 Worst Qtr 8 Yr 1.41 2.06 Worst Qtr FR2000 -0.56 8.02 Worst Qtr -2.48 -2.74 23.98 Worst Qtr
1/2/1900 6 Yr 13.19 Best Qtr ############################################### 4 Yr 2003   Best Qtr Diff 4 Yr 2003   Best Qtr ############################################### 4 Yr 21.95 Best Qtr
0.12 9.05 10.23 Range ############################################### 4.9 2002 FUND 19.31 0.1931 Range 6/30/2008 9.22 0.0922 2002 FUND 48.25 0.4825 Range 1/2/1900 3.75 0.0375 19.27   Range
2.62 6 5.93 Worst 4 Qtrs 3.54 60 UNIVERSE 63   Worst 4 Qtrs Qtr 16 UNIVERSE 34.58   Worst 4 Qtrs 2008 82 15.84 Worst 4 Qtrs
9 Yr 6.33 2003 Standard Deviation 9 Yr 10 Yr 4.84 POLICY 25.91 0.2591 Standard Deviation -0.68 5.18 0.0518 POLICY 30.01 0.3001 Standard Deviation YTD 6.06 0.0606 2002   Standard Deviation 5 Yr FUND
4.02 47 20.49 Beta 3/31/2000 61 17 Beta 1/0/1900 60 25.9 Beta ############################################### 26 -6.38 Beta  N/A
0.86 5 Yr FUND 9.1 2002 FUND 73 Annualized Alpha Incept 3 Yr FUND 8.62 30.61 Annualized Alpha -1.26 10.83 19.17 Annualized Alpha -18.58 8.03 -15.42 Annualized Alpha  
3.16 UNIVERSE 7.28 UNIVERSE 24.4 R-Squared -1.03 UNIVERSE 6.43 23.77 R-Squared 2008 7.95 2002 R-Squared 1.97 6.07 -18.95 R-Squared
10 Yr POLICY 6.23 POLICY 25 Sharpe Ratio -4.75 POLICY 5.35 20.39   Sharpe Ratio YTD 5.61 6.59   Sharpe Ratio 2007 4.89 -20.72 Sharpe Ratio
5.29 5.75 29.75 Treynor Ratio 3.72 3.95 18.37 Treynor Ratio -10.92 4.13 -1.82 Treynor Ratio 13.09 4.4 -24.03   Treynor Ratio
1/2/1900 3.83 24.33 Tracking Error Fiscal Year Returns Ending September 1.7 14.19   Tracking Error ############################################### 1.53 -7.42   Tracking Error 1/14/1900 -1.1 2001 Tracking Error
2.41 7 Yr 23.28 Information Ratio Fund 5 Yr 2002   Information Ratio 2.6 5 Yr -12.12   Information Ratio -1.36 5 Yr 5.47   Information Ratio
9/30/1992 6.33 20.05 Fund Fund R1000G 6.53 0.0653 2001 FUND -17.07 -0.1707 Fund 2007 5 Yr FUND 12.91 0.1291 2001 FUND -19.94 -0.1994 Fund 2006 10.59 -5.14   Fund #REF!
Incept 4 14.08 7 Diff 72 UNIVERSE 15   5 1/22/1900 N/A 21 UNIVERSE 2001   8 1/11/1900 8.67 -13.19 -0.27 5
10.96 2.45 2002 13 6/30/2008 7.32 0.0732 POLICY -22.51 -0.2251 15 12.34   10.29 0.1029 POLICY 9.26 0.0926 8 14.62 7.59 -23.01   7 #REF!
9.53 50 -7.86 Batting Average 60 Qtr 57 63 45 1/9/1900 58 -2.9 75 ############################################### 7.21 -27 0.2225 33.33
1.43 6.13 2001 FUND 1 -8.43 0.53 10.43 -12.11 -8.23 2006 15.21 -15.03 -9 2005 1.59 2000 -8.08
Fiscal Year Returns Ending September 4 UNIVERSE -20.49 12.06 1.25 8.58 -19.07 10.88 1/9/1900 12.38 -25.09 14.17 1/11/1900 6 Yr 22.25 6.77
Fund 2.41 POLICY 60 20.49 ############################################### 7.71 -21.45 19.11 1/9/1900 10.66 -41.08 23.17 1/16/1900 8.65 13.38 14.85
S&P 500 1.71 -10.38 -5.86 2008   6.26 -23.71 -2.35 -0.13 9.46 2000 -12.32 -5.4 7.09 8.39 -17.15
Diff -0.81 -17.12 Standard Deviation 9.62 YTD   3.99 -29.04 9.57 2005 6.92 62.14 12.64 2004 2003 2002 2001 2000 1999 6.24 3.08 9.61
6/30/2008 8 Yr -19.82 Beta 0.96 -7.71 6 Yr 2001   0.92 1/20/1900 6 Yr 39.49   Beta 0.83 Returns in Up Markets 6 -3.5 0.84
Qtr 2.74 -21.16 Annualized Alpha 3.49 0.0349 -9.75 5.04 2000 FUND -30.23 -0.3023 -0.21 -0.0021 17.95 12.91 2000 FUND 30.15 0.3015 Alpha 4.66 0.0466   Fund 4.83 1999   -1.13 -0.0113  
-0.82 30 -25.68 R-Squared 0.88   2.04 76 UNIVERSE 7   0.94 3 10.72 UNIVERSE 19.95   0.91 R1000V 7 Yr 28.08 0.1547 0.86
-2.73 0.12 2001 0.82 2007 6.58 POLICY -45.64 -0.4564 0.36 2004 8.8 POLICY 9.11 0.0911 0.45 Ratio 6.13 20.54   -0.24
1.91 58 -31.06 8.25 18.2 37 84 3.77 1/21/1900 7.42 1999 6.78 2 Yr 4.6 15.47 0.0446 -2.74
2008 7.28 2000 FUND 84 3.3 19.35 5 Yr FUND 9.08 -29.08 2.39 1/18/1900 4.92 50.94 4.47 19.4 3.08 11.7 3.99
YTD 3.92 UNIVERSE -26.62 1.03 -1.15 UNIVERSE 7.04 -35.09 -0.33 2.72 7 Yr 31.67 0.9 1/21/1900 2.26 4.46 -0.43
-11.88 0.49 POLICY 52 Policy S&P 500 2006 POLICY 6.1 -38.5 R1000G 2003 2002 2001 2000 1999 11.32 21.4 FR2000 89 1.34 1998 R1000V
-14.85 -0.32 -12.56 6 1/3/1900 5.06 -43.41 5 Returns in Up Markets 8.68 11.57 6 3 Yr 8 Yr 9.83 4
2.97 -3.91 -20.73 14 6.03 3.63 -51.41 15 Fund 6.69 1.61 10 12.9 7.86 6.07 8
2007 9 Yr -26.57 40 -2.06 7 Yr 2000 55 FR2000 4.7 1998 25 16.9 6.19 1.83 66.67
26.79 4.02 -28.89 -9.45 2005 1.74 46.3 -10.18 Ratio 0 -1.61 -9.9 76.2 3.42 -0.8 -8.72
16.44 22 -35.02 12.18 12.44 50 27.14 10.41 3 Yr 8 Yr -9.72 14.09 4 Yr 0.01 -5.82 8
1/10/1900 0.86 2000 21.63 11.6 1.07 20.88 20.59 1/21/1900 13.02 -16.12 23.99 11.8 -0.3 16.72
2006 62 16.14 -13.12 0.84 65 14.34 -5.96 18.9 9.61 -20.15 -16.19 1/15/1900 Fiscal Year Returns Ending September -18.78
13.06 6.49 30 9.38 2004   4.43 8.45 10.07 113.8 7.19 -27.66 14.45 74.2 Fund 10.58
1/10/1900 3.74 13.28 Standard Deviation 1 1/4/1900 2.9 1999 1 4 Yr 3.03   1 12/31/2003 Return 1
1/2/1900 1.28 46 0 7.51 1.73 38.21 0 1/24/1900 -7.14 0 Incept %-tile 0
2005 0.56 27.56 1 -3.34 0.67 31.55 1 23.1 Fiscal Year Returns Ending September   1 1/11/1900 R1000V 1
14.04 -1.11 17 0.48 2003 -1.23 27.96 0.42 107.8 Fund 0.11 14.8 Return -0.05
12.25 10 Yr 13.02 4.52 18.73 8 Yr 26.33 4.26 5 Yr Return 1.59 74.5 %-tile #VALUE! -0.58 QU. FUND #REF!
1.79 5.29 9.15 0 25.91 -1.03 20.01 0 26 %-tile 0 Returns in Down Markets Universe 0 UNIVERSE
2004 22 1.34 Diff -7.18 52 1998 Diff 26 FR2000 Diff Fund 5th %-tile #VALUE! Diff POLICY #REF!
13.63 2.88 1999 1 2002 -4.57 16.52 0 100.4 Return 2 R1000V 25th %-tile 1
13.87 53 30.59 -1 ############################################### 87 9.1 0 3/31/2003 %-tile #VALUE! -2 Ratio 50th %-tile #VALUE! -1
-0.24 7.25 19 20 -22.51 2.85 7.45 -10 Incept Universe 50 2 Yr 75th %-tile -33.34
2003 5.03 26.68 1.02 5.01 0.81 2.95 1.95 28.3 5th %-tile #VALUE! 0.9 -17.2 95th %-tile #VALUE! 0.64
20.49 2.93 41 -0.12 2001 -0.86 -4.96 0.47 31.2 25th %-tile 0.08 -18.8 Qtr -1.23
24.4 2.44 36.18   -1.14 ############################################### -3.15 -1.48 90.8 QU. FUND 50th %-tile #VALUE!   -0.82 91.3 -2.48 -0.0248 -1.87
-3.91 0.09 28.77 7.26 ############################################### -6.12 3.61 Returns in Down Markets UNIVERSE 75th %-tile 3.87 3 Yr 18 1.63
2002 Fiscal Year Returns Ending September 24.51   0.24 15.09 Fiscal Year Returns Ending September -0.5 Fund POLICY 95th %-tile #VALUE!   -1.81 -17.2 -5.31 -0.0531 -0.97
-7.86 Fund 16.71 -0.04 2000 1999 Fund -0.08 FR2000 Qtr -0.17 -18.8 73 -0.16
-20.49 Return 9.03 3.49 Returns in Up Markets Return -0.21 Ratio -0.68 -0.0068 4.66 91.3 -1.22 -1.13
12.63 %-tile 1998 -0.12 Fund %-tile -0.06 3 Yr 67 -0.09 4 Yr -2.74 -0.14
2001 S&P 500 6.61 0.34 R1000G R1000G -0.06 -14.2 0.58 0.0058 0.34 -17.2 -2.86 -0.19
-31.06 Return 31 3.73 Ratio Return -0.49 -20.9 51 5.19 -18.8 -5.75 -2.16
-26.62 %-tile 10.1 3.3 3 Yr %-tile #VALUE! 2.39 67.9 7.23 4.47 91.3 -10.1 3.99
############################################### Universe 13 10 Yr 1/13/1900 Universe 8 Yr 4 Yr 2.58 5 Yr 12/31/2003 YTD 4 Yr Incept
2000 5th %-tile 15.53 # of Negative Qtrs 15.6 5th %-tile #VALUE! # of Negative Qtrs -12.7 0.63 # of Negative Qtrs Incept -16.61 # of Negative Qtrs
16.14 25th %-tile 7.46 # of Positive Qtrs 85.2 25th %-tile # of Positive Qtrs -19.1 -1.79 # of Positive Qtrs -17.2 63 # of Positive Qtrs
13.28 50th %-tile 3.17   Batting Average 5 Yr 50th %-tile #VALUE! Batting Average 66.3 -3.85 Batting Average -18.8 -18.58 Batting Average 2002 FUND #REF!
2.86 75th %-tile -0.89 Worst Qtr 15 75th %-tile Worst Qtr 5 Yr YTD Worst Qtr 91.3 81 Worst Qtr UNIVERSE
1999 95th %-tile -8.95   Best Qtr 17.5 95th %-tile #VALUE! Best Qtr -12.7 -10.92 Best Qtr -12.83 Best Qtr POLICY #REF!
30.59 Qtr 27.93 Range 85.7 Qtr Range -19.1 26 Range -14.9 Range
26.68 -0.82 -0.0082 Worst 4 Qtrs 8 Yr 0.53 0.0053 Worst 4 Qtrs 3/6/1900 -13.52 Worst 4 Qtrs -15.41 Worst 4 Qtrs
3.91 27 Standard Deviation 1/18/1900 55 Standard Deviation 3/31/2003 48 Standard Deviation -17.88 Standard Deviation
Returns in Up Markets -2.73 -0.0273 Beta 24.2 1.25 0.0125 Beta Incept -5.58 Beta -23.68 Beta
Fund 60 Annualized Alpha 77.5 46 Annualized Alpha -12.7 -10.66 Annualized Alpha 2007 Annualized Alpha
S&P 500 2.88   R-Squared 3/31/2000 5.8 R-Squared -19.1 2002 FUND -13.71   R-Squared 13.09 R-Squared
Ratio -0.64 Sharpe Ratio Incept 2.64 Sharpe Ratio 66.3 UNIVERSE -16.2 Sharpe Ratio 86 Sharpe Ratio
3 Yr -2.37   Treynor Ratio 18.7 0.89 Treynor Ratio POLICY -22.07   Treynor Ratio 14.45 Treynor Ratio 2001 FUND #REF!
24.4 -2.95 Tracking Error 24.2 -1.1 Tracking Error 2007 Tracking Error 78 Tracking Error UNIVERSE
16.5 -6.27   Information Ratio 77.5 -4.63 Information Ratio 22.24 Information Ratio 22.93 Information Ratio POLICY #REF!
148.2 YTD Fund Returns in Down Markets YTD Fund 20 Fund 17.32 Fund
5 Yr -11.88 17 Fund -7.71 11 12.34 8 16.09 6
21.6 18 23 R1000G 18 21 72 12 14.63 10  
18.1 -14.85 57.5 Ratio -9.75 50 29.81 65 10.97 31.25 Batting Average
119.5 58 -15.47 3 Yr 34 -14.83 20.77 -9 2006 -8.08
10 Yr -8.82   22.14 -11.7 -4.98 10.88 2001 FUND 15.19   14.26 11.63 9.38
29.9 -12.77 37.61 -14.3 -8.73 25.71 UNIVERSE 11.98 23.26 46 17.46
26.9 -14.58   -31.06 81.3 -11.46 -30.55 POLICY 8.13   -12.32 14.62 -17.15 2000 FUND #REF!
110.8 -15.29 14.87 5 Yr -13.83 13.08 2006 12.04 9 9.13  N/A Standard Deviation
9/30/1992 -18.99   0.96 -15.2 -18.67 0.7 9.79 0.79 15.53 0.84   #REF! Beta
Incept 2007 2.52   -18.1 2007 2 0.02 30 4.39 0.0439 13.04 -1.29 -0.0129 Annualized Alpha #REF!
26.8 26.79 0.92 84.1 18.2 0.87 9.92 0.89 11.24 0.85 R-Squared
25.5 1 0.12 8 Yr 55 -0.31 29 0.82 10.32 0.02
105.1 16.44 1.9 -24.1 19.35 -5.89 14.58 12.47 7.31 0.19
Returns in Down Markets 43 4.3 -35.1 46 7.15 10.38 5.02 2005 3.87
Fund 22.84   0.56 68.9 27.74 0.5 2000 FUND 7.72   0.52 11.29 -0.6
S&P 500 17.81 S&P 500 3/31/2000 21.53 R1000G UNIVERSE 4.83 FR2000 73 R1000V Policy
Ratio 16.27   16 Incept 18.79 13 POLICY 2.19   6 16.69 4 1999 FUND #REF!
3 Yr 15.53 24 -22.7 15.69 19 2005 14 23 12  N/A
-13.2 12.47   42.5 -33.5 10.15 50 20.95 35 24.1 68.75   #REF!
-16.1 2006 -17.28 67.7 2006 -21.35 35 -9.9 16.12 -8.72
82.4 13.06 21.13 3.97 15.14 17.95 14.52 12.74 10.38
5 Yr 9 38.41 70 36.49 63 24.42 11.06 19.1
-10.3 10.79 -26.62 6.03 -45.64 26.4 -16.19 7.98 -18.78
-13.4 29 14.81 49 17.53 21.72 14.26 2004 9.98 Standard Deviation
76.9 13.68   1 11.56 1 1999 FUND 19.25   1 23.92 1
10 Yr 10.94 0 8.5 0 N/A 16.53 0 18.34 0
-23.1 10.25   1 5.96 1   11.14   1 14.42 1 1998 FUND #REF!
-24.9 7.48 -0.04 3.16 -0.44 2004 0.51 13.02 0.25  N/A
92.7 2.85   -0.59 -3.37 -7.66 21.5 7.23 8.08 2.47   #REF!
9/30/1992 2005 0 2005 0 31 0 2003 0
Incept 14.04 Diff 12.44 Diff 18.78 Diff 27.67 Diff
-22.7 38 1 67 -2 54 2 23.98 2
-24.2 12.25 -1 11.6 2 28.92 -2 21.95 -2
93.7 57 15 74 0 22.49 30 19.27 -37.5
22.88 1.81 26.56 6.52 1998 FUND 19.1 0.9 15.84 0.64
15.79 1.01 18.97 -4.26 N/A 16.07 -0.26 2002 -1
12.59   -0.8 14.4 -10.78   8.02   -1.16 -6.38 -1.64 #REF!
11.47 -4.44 11.48 15.09   2003 3.87 -15.42 1.63
7.61   0.06 7.67 -4.45 48.25   -2.22 -18.95 -0.85 #REF!
2004 -0.04 2004 -0.3 34.58 -0.21 -20.72 -0.16
13.63 2.52 4.17 2 30.01 4.39 -24.03 -1.29
39 -0.08 90 -0.13 25.9 -0.11 2001 -0.15
13.87 0.16 7.51 0.13 19.17 0.31 5.47 -0.23
35 2.49 63 1.77 2002 5.24 -5.14 -2.28
19.71 4.3 17.89 7.15 6.59 5.02 -13.19 3.87
14.67 Incept Incept 11.72 Incept Incept -1.82 Incept -23.01 Incept
13.19   # of Negative Qtrs 8.74 # of Negative Qtrs -7.42   # of Negative Qtrs -27 # of Negative Qtrs  
10.23 # of Positive Qtrs 6.26 # of Positive Qtrs -12.12 # of Positive Qtrs 2000 # of Positive Qtrs
5.93   Batting Average 2.04 Batting Average -19.94   Batting Average 22.25 Batting Average  
2003 Worst Qtr 2003 Worst Qtr 2001 Worst Qtr 13.38 Worst Qtr
20.49 Best Qtr 18.73 Best Qtr 9.26 Best Qtr 8.39 Best Qtr
73 Range 75 Range -2.9 Range 3.08 Range
24.4 Worst 4 Qtrs 25.91 Worst 4 Qtrs -15.03 Worst 4 Qtrs -3.5 Worst 4 Qtrs
25 Standard Deviation 19 Standard Deviation -25.09 Standard Deviation Standard Deviation
29.75 Beta 34.24 Beta -41.08 Beta Beta
24.33 Annualized Alpha 24.4 Annualized Alpha 2000 Annualized Alpha Annualized Alpha
23.28 R-Squared 21.58 R-Squared 62.14 R-Squared R-Squared
20.05 Sharpe Ratio 18.63 Sharpe Ratio 39.49 Sharpe Ratio Sharpe Ratio
14.08 Treynor Ratio 13.1 Treynor Ratio 30.15 Treynor Ratio Treynor Ratio
2002 Tracking Error 2002 Tracking Error 19.95 Tracking Error Tracking Error
-7.86 Information Ratio -17.5 Information Ratio 9.11 Information Ratio Information Ratio
1 Fund Fund 18 Fund Fund Fund Fund
-20.49 18 -22.51 12 8 7
60   45 60 21 13 11
-10.38 Batting Average 53.97 -12.54 Batting Average 51.52 61.9 33.33
-17.12 -15.47 -18.67 -14.83 -9 -8.08
-19.82 22.14 -21.5 10.88 14.26 9.38
-21.16 37.61 -24.59 25.71 23.26 17.46
-25.68 -31.06 -30.7 -30.55 -12.32 -17.15
2001 Standard Deviation 13.62 2001 Standard Deviation 13.05 12.03 8.78
-31.06 Beta 0.96 -30.55 Beta 0.69 0.74 0.84
84 Annualized Alpha 1.75 0.0175 14 Annualized Alpha 2.1 0.021 4 0.04 0.0004 -1.17 -0.0117
-26.62 R-Squared 0.91 -45.64 R-Squared 0.87 0.86 0.84
52 0.52 74 -0.32 1 0.08
-12.56 7.34 -27.62 -6.1 16.22 0.87
-20.73 4.19 -33.35 7.2 5.88 3.8
-26.57 0.34 -38.5 0.52 0.12 -0.59
-28.89 Policy S&P 500 -46.64 Policy R1000G FR2000 R1000V
-35.02 17 -56.07 14 6 4
2000 46 2000 19 15 14
16.14 46.03 47.93 48.48 38.1 66.67
30 -17.28 27.65 -21.35 -9.9 -8.72
13.28 21.13 19.97 15.14 23.42 10.38
46 38.41 13.09 36.49 33.32 19.1
27.56 -26.62 7.83 -45.64 -16.19 -18.78
17 Standard Deviation 13.53 Standard Deviation 17.63 15 9.62
13.02 1 1 1 1
9.15 0 0 0 0
1.34 1 1 1 1
0.42 -0.45 0.75 0.31
5.62 -7.93 11.31 2.99
0 0 0 0
Diff Diff Diff Diff
1 -2 2 3
-1 2 -2 -3
7.94 3.04 23.8 -33.34
1.81 6.52 0.9 0.64
1.01 -4.26 -9.16 -1
-0.8 -10.78 -10.06 -1.64
-4.44 15.09 3.87 1.63
0.09 -4.58 -2.97 -0.84
-0.04 -0.31 -0.26 -0.16
1.75 2.1 4 -1.17
-0.09 -0.13 -0.14 -0.16
0.1 0.13 0.25 -0.23
1.72 1.83 4.91 -2.12
4.19 7.2 5.88 3.8
-0.09
0.02
0.64
4.32