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%BLCG,7%BLCVC,4%BSC,23%BFI,23%IFI 33%BLCC,10%BLCG,7%BLCVC,4%BSC,23%BFI,23%IFI 22 27 61.1%BLCC, 18.5%BLCG, 13%BLCVC, 7.4%BSC 61.1%BLCC, 18.5%BLCGC, 13%BLCVC, 7.4%BSC 29 38 50% Broad FI, 50% Intermediate FI 50% Broad FI, 50% Intermediate FI 41
Inception date is September 30, 1992 5 6 3 Yr Inception date is September 30, 1992 28 40 3 Yr Inception date is September 30, 1992 39 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 September 30, 2008 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is September 30, 1992 to September 30, 2008 Fiscal Year Returns Ending September Batting Average Returns are gross of fees. Incept is September 30, 1992 to September 30, 2008 Fiscal Year Returns Ending September Batting Average
Account Reconciliation Trailing Returns through September 30, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through September 30, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through September 30, 2008 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 -20.00% -15.00% Worst 4 Qtrs Investment G/L %-tile -30.00% Worst 4 Qtrs Investment G/L %-tile 0.00% Worst 4 Qtrs
Ending Value -15.00% -10.00% Standard Deviation Ending Value Index -20.00% Standard Deviation Ending Value Index 5.00% Standard Deviation
9/30/2008 -10.00% -5.00% Beta 9/30/2008 Return -10.00% Beta 9/30/2008 Return 10.00% Beta
Qtr -5.00% 0.00% Annualized Alpha Qtr %-tile 0.00% Annualized Alpha Qtr %-tile 15.00% Annualized Alpha
197,654 0.00% 5.00% R-Squared 116,489 Universe 10.00% R-Squared 74,093 Universe 20.00% R-Squared
510 5.00% 10.00% Sharpe Ratio 602 5th %-tile 20.00% Sharpe Ratio -1,115 5th %-tile 25.00% Sharpe Ratio
-11,364 10.00% 15.00% Treynor Ratio -9,804 25th %-tile 30.00% Treynor Ratio -1,379 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio
186,800 15.00% 20.00% Tracking Error 107,287 50th %-tile 40.00% Tracking Error 71,599 50th %-tile Fiscal Year Returns Ending September Tracking Error
2008 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 25.00% Information Ratio 2008 75th %-tile 50.00% Information Ratio 2008 75th %-tile Fund Information Ratio
YTD Trailing Returns through September 30, 2008 30.00% Fund YTD 95th %-tile 60.00% Fund YTD 95th %-tile Return Fund
214,251 Fund Qtr YTD 2007 2006 2005 2004 2003 2002 2001 2000 5 131,933 1 Yr Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 5 72,293 1 Yr %-tile 4
-3,925 Return   Fiscal Year Returns Ending September 7 167 -18.93 -0.1893 Fiscal Year Returns Ending September   7 -2,672 2.5 0.025 Index 8
-23,526 %-tile Fund 50 -24,814 4 Fund 66.67 1,978 9 Return 41.67
186,800 Index   Return -5.75 107,287 -21.41 -0.2141 Return   -8.38 71,599 2.78 0.0278 %-tile -1.89
9/30/1992 Return %-tile 4.73 9/30/1992 36 %-tile 8.33 9/30/1992 8 Universe 3.46
Incept %-tile Index 10.48 Incept -19.32 Index 16.71 Incept 3.19 5th %-tile 5.35
59,084 Universe Return -11.16 18,638 -20.94 Return -18.93 36,929 0.07 25th %-tile 2.5
743 5th %-tile %-tile 6.99 4,158 -22 %-tile 11.38 -11,309 -2.48 50th %-tile 3.03
126,974 25th %-tile Universe 1.07 84,491 -23.01 Universe 0.98 45,979 -5.37 75th %-tile 0.99
186,800  186,800,000 50th %-tile 5th %-tile 1.05 107,287   107,287,000 -24.66 5th %-tile 3.28 71,599    71,599,000                                                                                                            (10) 95th %-tile -0.1
Investment Policy 75th %-tile ####### 25th %-tile 0.95 Investment Policy 2 Yr 25th %-tile 0.96 Investment Policy 2 Yr Qtr 0.96
Index 95th %-tile ####### 50th %-tile ####### -0.1 Index 0.06 0.0006 50th %-tile -0.04 Index 3.76 0.0376 QU. FUND 0.1 0.001 -0.1
S&P 500 1 Yr FUND 1 Yr ####### 75th %-tile -0.65 S&P 500 1 75th %-tile -0.41 Lehman Gov/Credit-Intermediate 7 UNIVERSE 49 -0.31
Lehman Gov/Credit-Intermediate UNIVERSE -11.16 -0.1116 95th %-tile ####### 1.65 Russell 1000 Growth -4.35 -0.0435   95th %-tile   2.39 Lehman Gov/Credit Bond 4.02 0.0402 POLICY 0.03 0.0003 0.57
Lehman Gov/Credit Bond POLICY 18 Qtr 0.72 Russell 1000 Value 41   Qtr 1.36 Total 4 59   -0.25
Other -10.76 -0.1076 Qtr -5.75 -0.0575 Index Russell 2000 1 Yr FUND -2.36 Qtr -1.98 -0.0198 Index Weight 3.88 0.61 Index
Weight 13 UNIVERSE 27 5 Weight UNIVERSE -3.81 UNIVERSE 29 5 50 2.1 0.31   4
33 -9.7 -0.097 POLICY -5.13 -0.0513 7 61.1 POLICY -4.59 POLICY -1.9 -0.019 7 50 1 Yr FUND 0.8 0.09 8
23 -11.58 14 50 18.5 -5.44 26 33.33 100 UNIVERSE -0.78 -0.1 58.33
23 -12.89 -0.1289 -4.57 -5.13 13 -7.36 -0.9 -9.51 Trailing Returns through September 30, 2008 POLICY -3.48 -0.36 -1.52
21 -14.34   -5.7 4.35 7.4 3 Yr -1.9   6.89 Fund 3 Yr YTD 3.55
Trailing Returns through September 30, 2008 -16.4 -6.53 9.48 Trailing Returns through September 30, 2008 3.59 0.0359 -2.42 16.4 Index 3.68 0.0368 0.07   5.07
Fund 2 Yr   -7.45 -10.76 Fund 1 -3.3   -21.41 Diff 5 71 2.78
Index 1.21 -9.19 6.35 Index 0.33 0.0033 -4.73 11.41 1 Yr 3.82 0.0382 -0.12   3
Diff 1 YTD 1 Diff 33 YTD 1 2.5 4 81 1
1 Yr -0.35 -11.16 0 1 Yr 1.69 6.28 0 2.78 3.66 2.16 0
-11.16 -0.1116 7 18 1 -18.93 0.49 12 1 -0.28 2.55 1.15 1
-10.76 -0.2 -10.76 -0.3 -21.41 -0.01 5.07 -0.32 2 Yr 1.68 0.49 -0.06
-0.4 -0.004 -1.33 13 -1.89 2.48 -0.59 37 -3.66 3.76 0.73 -0.05 -0.17
2 Yr -2.1 -9.7 0 2 Yr -1.84 7.09 0 4.02 -1.03 -0.53 0
1.21 -2.98 -0.0298 -11.58 Diff 0.06 4 Yr   5.48 Diff ############################################### 4 Yr 2005 Diff
-0.35 -4.47 -0.0447 -12.89 0 -4.35 6.18 0.0618 4.59   0 3 Yr 3.26 2004 2.02 0.0202 0
1.56 3 YR FUND 3 Yr ####### -14.34 0 4.41 1 3.64   0 3.68 9 UNIVERSE 68 0
3 Yr UNIVERSE 3.29 0.0329 -16.4 0 3 Yr 3.39 0.0339 1.56     33.34 3.82 3.37 POLICY 2.02 0.0202 -16.66
3.29 0.0329 POLICY 1 2007   -0.62 3.59 49 2005 1.13 -0.14 7 68   -0.37
2.1 2.1 0.021 2004 15.31 0.1531 0.38 0.33 3 YR FUND 4.92 2004 14.34 0.1434 1.44 4 Yr 3.45 4.66 -0.09
1.19 0.0119 6 UNIVERSE 1   1 3.26 UNIVERSE 3.84 UNIVERSE 41 0.31 3.26 2.66 2.94   0.28
4 Yr 2.1 0.021 POLICY 11.28 0.1128 -0.4 4 Yr POLICY 3.34 POLICY 13.15 0.1315 2.48 3.37 3 YR FUND 2.08 2.38 -0.28
4.63 1.38 40 0.64 6.18 2.7 63 -0.03 -0.11 UNIVERSE 1.41 1.89 0.03
3.55 0.81 0.0081 13.13 0.07 3.39 1.44 18.21 -0.02 5 Yr POLICY 0.3 1.28 -0.01
1.08 0.2 11.74 1.05 2.79 5 Yr 15.44   3.28 3.31 5 Yr 2004 -0.1
5 Yr -1.03   10.92 -0.05 5 Yr 7.42 0.0742 13.73 -0.04 3.3 3.31 0.0331 2003 3.49 0.0349 -0.04
5.31 4 Yr 10.21 0.2 7.42 3 12.47   0.28 0.01 15 UNIVERSE 33 -0.04
4.57 4.63 9.21 1.24 5.36 5.36 0.0536 9.75   3.25 6 Yr 3.3 0.033 POLICY 3 0.03 -0.14
0.74 1 2006   1.65 2.06 50 2004 2.39 3.98 15 49   0.57
6 Yr 3.55 2003 7.57 0.0757 5 Yr 5 Yr 6 Yr 7.04 2003 12.54 0.1254 5 Yr 5 Yr 3.78 3.76 7.43 5 Yr 5 Yr
6.52 12 UNIVERSE 28   # of Negative Qtrs 9.49 6.09 UNIVERSE 59 # of Negative Qtrs 0.2 2.98 3.83   # of Negative Qtrs
6.53 3.86 POLICY 7.18 0.0718 # of Positive Qtrs 8.53 5.36 POLICY 13.64 0.1364 # of Positive Qtrs 7 Yr 2.47 2.96 # of Positive Qtrs
-0.01 3.19 45 Batting Average 0.96 4.77 40 Batting Average 4.65 1.94 2.27 Batting Average
7 Yr 2.72   8.7 Worst Qtr 7 Yr 3.51 18.31 Worst Qtr 4.47 1.19 1.54 Worst Qtr
5.25 2.27 0.0227 7.66 Best Qtr 1/6/1900 6 Yr 14.62 Best Qtr 1/0/1900 6 Yr 2003 Best Qtr
4.35 1.43 0.0143 7.05 Range 3.75 9.49 13.05 Range 8 Yr 3.98 2002 7.39 0.0739 Range
1/0/1900 5 YR FUND 5 Yr ####### 6.4 Worst 4 Qtrs 1/2/1900 10 11.06 Worst 4 Qtrs 5.69 18 UNIVERSE 21 Worst 4 Qtrs
8 Yr UNIVERSE 5.31 0.0531 5.38 Standard Deviation 8 Yr 8.53 0.0853 8.09   Standard Deviation 5.5 3.78 POLICY 6.26 0.0626 Standard Deviation
1/2/1900 POLICY 4 2005   Beta 0.85 41 2003 Beta 0.19 20 27   Beta
2.1 4.57 0.0457 2002 8.74 0.0874 Annualized Alpha -1.31 5 YR FUND 9.78 0.0978 2002 20.44 0.2044 Annualized Alpha 9 Yr 5.35 15.41 Annualized Alpha
0.62 23 UNIVERSE 64   R-Squared 2.16 UNIVERSE 8.88 UNIVERSE 88 R-Squared 5.75 3.58 0.0358 6.36   R-Squared
9 Yr 5.17 0.0517 POLICY 8.03 0.0803 Sharpe Ratio 9 Yr POLICY 8.31 POLICY 25.89 0.2589 Sharpe Ratio 5.61 5 YR FUND 2.99 4.78 Sharpe Ratio
3.75 4.49 83 Treynor Ratio 2.54 7.71 18 Treynor Ratio 0.14 UNIVERSE 2.44 0.0244 3.82 Treynor Ratio
2.89 4.09 0.0409 11.25 Tracking Error 1/0/1900 6.62 28.13 Tracking Error 10 Yr POLICY 1.67 2.69 Tracking Error
0.86 3.65 9.89 Information Ratio 1/2/1900 7 Yr 25.31   Information Ratio 5.12 7 Yr 2002 Information Ratio
10 Yr 2.94   9.09 Fund Fund 10 Yr 6.48 23.7 Fund Fund 4.98 4.65 2001 8.77 0.0877 Fund Fund
4.75 6 Yr 8.27 7 5.05 3 21.94   7 0.14 11 UNIVERSE 6 7
1/3/1900 6.52 7.41 13 1/2/1900 3.75 18.64   13 9/30/1992 4.47 POLICY 8.65 0.0865 13
0.91 22 2004   Batting Average 55 2.54 57 2002 Batting Average 55 Incept 14 8   Batting Average 50
9/30/1992 6.53 2001 8.1 0.081 -5.75 9/30/1992 5.58 2001 -9.95 -0.0995 -8.38 5.96 5.06 8.8 -2.18
Incept 21 UNIVERSE 87   6.68 Incept 4.6 UNIVERSE 5 11.66 1/5/1900 3.96 7.65   3.46
7.48 7.21 POLICY 8.75 0.0875 12.43 9.75 3.91 POLICY -20.84 -0.2084 20.04 0.09 3.45 6.86 5.64
6.69 6.42 71 -11.16 8.47 3.32 71 -18.93   Fiscal Year Returns Ending September 2.97 5.67 -0.51
0.79 5.96 12.43 Standard Deviation 6.31 1.28 2 -10.38 Standard Deviation 10.42 Fund 2.28 1.79 Standard Deviation 3.11
Fiscal Year Returns Ending September 5.53 10.59 Beta 1.06 Fiscal Year Returns Ending September 8 Yr -17.34 Beta 0.97 Index 8 Yr 2001 Beta 0.94
Fund 4.75 9.47 Annualized Alpha 0.48 0.0048 Fund 0.85 -19.53 Annualized Alpha 2.14 0.0214 Diff 5.69 2000 13.27 0.1327 Annualized Alpha 0.21 0.0021
Index 7 Yr 8.56 R-Squared 0.94 Index 32 -21.08 R-Squared 0.96 9/30/2008 2 UNIVERSE 4 R-Squared 0.97
Diff 5.25 6.97 0.35 Diff -1.31 -23.77   0.42 Qtr 5.5 POLICY 13.04 0.1304 0.07
9/30/2008 6 2003   2.09 9/30/2008 71 2001 4.46 -1.89 4 7   0.23
Qtr 4.35 2000 12.74 0.1274 1.53 Qtr 4.19 2000 -31.03 -0.3103 2.21 -1.41 5.38 13.13 0.55
-5.75 -0.0575 28 UNIVERSE 95   0.48 -8.38 1.49 UNIVERSE 76 0.93 -0.48 4.72 12.35   0.02
-5.13 -0.0513 5.27 POLICY 16.91 0.1691 Policy Index -8.29 -0.38 POLICY -30.46 -0.3046 Policy Index 2008 4.28 11.69 Policy Index
-0.62 4.41 28 7 -0.09 -1.42 73 7 YTD 3.84 10.55 7
2008 3.92 20.91 13 2008 -3.34 -5.3 13 1/2/1900 3.13 0.57 13
YTD 3.49 17.3 45 YTD 9 Yr -17.68 45 2.78 9 Yr 2000 50
-11.16 2.76 15.57 -5.13 -18.93 2.54 -27.57 -9.51 -0.28 5.75 6.22 -2.84
-10.76 8 Yr 14.27 6.42 -21.41 26 -30.96 12.03 2007 2 33 3.55
-0.4 2.72 12.68 11.55 2.48 0.12 -39.84 21.54 5.02 5.61 6.47 6.39
2007 39 2002 -10.76 2007 81 2000 -21.41 5.27 3 17 -0.86
15.31 2.1 -2.02 Standard Deviation 5.8 23.49 4.26 17.11 Standard Deviation 10.51 -0.25 5.44 6.94 Standard Deviation 3.27
11.28 58 3 1 16.43 2.65 36 1 2006 4.82 6.33 1
4.03 4.62 -7.82 0 7.06 1.08 12.38 0 3.52 4.39 5.96 0
2006 3.46 63 1 2006 0.29 67 1 3.43 3.97 5.47 1
7.57 2.27 -3.4 0.26 11.04 -0.78 37.21 0.22 0.09 3.3 2.92 0.06
7.18 1.64 -5.97 1.48 10.36 10 Yr 20.71 2.27 2005 10 Yr 1999 0.21
0.39 0.41 -7.27 0 0.68 5.05 14.58 0 2.02 5.12 -0.41 0
2005 9 Yr -8.31 Diff 2005 12 10.6 Diff 2.02 3 72 Diff
8.74 3.75 -10.17 0 14.34 2.51 2.15 0 0 4.98 -0.5 0
8.03 24 2001 0 13.15 74 1999 0 2004 6 75 0
0.71 2.89 -13.38 10 1.19 5.99 30.59 10 3.49 5 3.72 0
2004 60 89 -0.62 2004 4.08 23 1.13 3 4.32 1.67 0.66
8.1 4.59 -12.38 0.26 12.54 3.16 26.68 -0.37 0.49 3.9 0.54 -0.09
8.75 3.71 85 0.88 13.64 2.48 51 -1.5 2003 3.49 -0.58 -0.75
-0.65 3.08 3.29 -0.4 -1.1 1.57 42.92 2.48 7.39 2.88 -2.06 0.35
2003 2.58 -2.21 0.51 2003 Fiscal Year Returns Ending September 29.79 -0.09 6.26 Fiscal Year Returns Ending September 1998 -0.16
12.74 1.77 -8.32 0.06 20.44 Fund 26.74 -0.03 1.13 Fund 11.65 -0.06
16.91 10 Yr -10.68 0.48 25.89 Return 17.54 2.14 2002 Return 7 0.21
-4.17 4.75 -15.7 -0.06 -5.45 %-tile 2.98 -0.04 8.77 %-tile 11.62 -0.03
2002 18 2000 0.09 2002 Index 1998 0.2 8.65 Index 8 0.01
-2.02 3.84 12.39 0.61 -9.95 Return 6.61 2.19 0.12 Return 12.17 0.02
-7.82 58 23 1.53 -20.84 %-tile 37 2.21 2001 %-tile 9.97 0.55
5.8 5.6 9.42 10 Yr 10.89 Universe 10.1 10 Yr 13.27 Universe 8.86 10 Yr
2001 4.5 53 # of Negative Qtrs 2001 5th %-tile 11 # of Negative Qtrs 13.04 5th %-tile 7.67 # of Negative Qtrs
-13.38 3.96 19.16 # of Positive Qtrs -31.03 25th %-tile 12.45 # of Positive Qtrs 0.23 25th %-tile 2.96 # of Positive Qtrs
-12.38 3.57 11.87 Batting Average ############################################### 50th %-tile 8.45   Batting Average 6/22/1905 50th %-tile 16.26   Batting Average
-1 3.01 9.55 Worst Qtr -0.57 75th %-tile 4.58 Worst Qtr 6.22 75th %-tile 12.82 Worst Qtr
6/22/1905 5.96 8.12 Best Qtr 2000 95th %-tile -2.5   Best Qtr 6.47 95th %-tile 8.28   Best Qtr
12.39 5.45 3.86 Range 17.11 Qtr -15.76 Range -0.25 Qtr 27 Range
9.42 5.05 4.07 Worst 4 Qtrs 1/12/1900 -8.38 -0.0838 -17.25   Worst 4 Qtrs 6/21/1905 -1.89 -0.0189 9.46   Worst 4 Qtrs
2.97 4.43 Standard Deviation 4.73 33 19 Standard Deviation -0.41 22 3.7 Standard Deviation
6/21/1905 Beta 1999 -8.29 -0.0829 17.44   Beta -0.5 -1.41 -0.0141 2.37   Beta
14.22 Annualized Alpha 30.59 31 15.88 Annualized Alpha 0.09 14 1.11 Annualized Alpha
1/12/1900 R-Squared 26.68 -6.71 14.26 R-Squared Returns in Up Markets -0.4 0.39 R-Squared
1.43 Sharpe Ratio 3.91 -8.01 YTD Sharpe Ratio Fund -2.11 YTD Sharpe Ratio
Returns in Up Markets Treynor Ratio Returns in Up Markets -8.89 12.31 Treynor Ratio Index -3.44 4.44 Treynor Ratio
Fund Tracking Error Fund -9.81 65 Tracking Error Ratio -5.05 37 Tracking Error
Index Information Ratio Index -11.9 13.02 Information Ratio 3 Yr -7.61 5.23 Information Ratio
Ratio Fund Ratio YTD 50 Fund 7.6 YTD 29 Fund
3 Yr 14 3 Yr -18.93 17.59 16 7.9 2.5 16.11 9
13.9 26 21.1 4 14.43 24 96.2 9 5.92 31
11.2 60 16.7 -21.41 13.01 60 5 Yr 2.78 3.67 55
124 -5.94 126.7 36 11.77 -15 7.5 8 1.98 -2.18
5 Yr 11.33 5 Yr -19.32 9.97 22.14 7.9 3.19 0.87 4.93
12.9 17.27 21.1 -20.94 2002 37.14 95.9 0.07 2002 7.11
12 -13.38 19.1 2002 FUND -22 -21.65   -31.03 10 Yr 2002 FUND -2.48 10.49   -0.66
107.6 7.64 4/19/1900 UNIVERSE -23.01 88 14.2 1/8/1900 UNIVERSE -5.37 11 3.46
10 Yr 0.95 10 Yr POLICY -24.66 -20.67   0.93 8.8 POLICY -10.07 11.02   0.93
1/15/1900 1.09 29.6 2007 84   2.65 97.8 2007 8 0.46
1/15/1900 0.93 1/28/1900 23.49 -9.82 0.95 9/30/1992 5.02 11.72   0.97
101 0.18 4/11/1900 1 -13.94 0.12 Incept 19 9.31 0.5
9/30/1992 1.43 9/30/1992 16.43 -16.68 1.78 9.7 5.27 7.69   1.86
Incept 2.11 Incept 54 -19.33 3.46 9.8 16 4.45 0.65
15.7 0.43 26.6 19.95 -23.14 0.73 98.7 6.16 -2.07 0.22
1/15/1900 Index 26.5 17.63 2001 Index Returns in Down Markets 4.8 2001 Index
103.8 16 100.6 2001 FUND 16.51 -5.89   17 Fund 2001 FUND 4.05 8.73   12
Returns in Down Markets 24 Returns in Down Markets UNIVERSE 15.49 74 23 Index UNIVERSE 3.34 14 28
Fund 40 Fund POLICY 13.6 -11.08   40 Ratio POLICY 2.49 8.51   45
Index -7.1 Index 2006 96 -16.86 3 Yr 2006 18 -2.84
Ratio 10.38 Ratio 11.04 5.46 21.13 -3.8 3.52 9.68   5.11
3 Yr 17.48 3 Yr 23 -0.02 37.99 -3.9 51 8.13 7.95
-9.9 -12.38 -16.8 10.36 -3.26 -30.46 96.4 3.43 7.33   -0.89
-9.4 7.76 -18.8 37 -6.04 14.87 5 Yr 56 6.21 3.65
105.3 1 89.4 12.62 -10.93 1 -4.1 5.33 0.36 1
5 Yr 0 5 Yr 10.87 2000 0 -4.7 4 2000 0
-7.5 1 -14 2000 FUND 9.92 -5.56   1 88 2000 FUND 3.53 12.61   1
-8 0.06 -16.1 UNIVERSE 8.97 98 -0.06 10 Yr UNIVERSE 3.11 8 0.44
93.9 0.45 86.8 POLICY 6.94 -6.49   -0.88 -2.7 POLICY 2.62 11.84   1.59
10 Yr 0 10 Yr 2005 99 0 -3.5 2005 15 0
-9.9 Diff -20.9 14.34 16.45 Diff 76.9 2.02 13.05   Diff
-11.7 -2 ############################################### 44 9.38 -1 9/30/1992 68 11.01 -3
84.7 2 84.3 13.15 5.82 1 Incept 2.02 9.44   3
9/30/1992 20 9/30/1992 67 1.47 20 -3 68 7.02 10
Incept 1.16 Incept 17.56 -4.06 1.86 -3.6 4.66 -8.83 0.66
-9.8 0.95 -21.8 15.36 1999 1.01 83.8 2.94 1999 -0.18
-10.9 -0.21 -24.6 1999 FUND 14 19.52   -0.85 1999 FUND 2.38 -2.72   -0.84
89.3 -1 88.5 UNIVERSE 12.84 46 -0.57 UNIVERSE 1.89 88 0.23
-0.12 POLICY 11.38 20.41   -0.67 POLICY 1.28 -2.15   -0.19
-0.05 2004 41 -0.07 2004 83 -0.07
1.09 12.54 35.59 2.65 3.49 7   0.46
-0.07 83 24.4 -0.05 33 2.72 -0.03
0.12 13.64 18.88 0.18 3 0.33   0.06
0.98 60 13.96 2.66 49 -1.4 0.27
2.11 18.39 8.02 3.46 7.43 -3.93 0.65
Incept 15.95 1998 Incept 3.83 1998 Incept
# of Negative Qtrs 1998 FUND 14.02 16.91   # of Negative Qtrs 1998 FUND 2.96 9.74   # of Negative Qtrs
# of Positive Qtrs UNIVERSE 12.9 13 # of Positive Qtrs UNIVERSE 2.27 7 # of Positive Qtrs
Batting Average POLICY 9.54 20.4   Batting Average POLICY 1.54 9.47   Batting Average
Worst Qtr 2003 6 Worst Qtr 2003 8 Worst Qtr
Best Qtr 20.44 21.24 Best Qtr 7.39 9.93   Best Qtr
Range 87 14.25 Range 21 8.09 Range
Worst 4 Qtrs 25.89 9.97 Worst 4 Qtrs 6.26 6.94 Worst 4 Qtrs
Standard Deviation 22 6.68 Standard Deviation 27 5.76 Standard Deviation
Beta 28.95 1.46 Beta 15.41 -0.13 Beta
Annualized Alpha 25.6 1997 Annualized Alpha 6.36 1997 Annualized Alpha
R-Squared 23.9 38.59 R-Squared 4.78 8.55 R-Squared
Sharpe Ratio 22.13 1 Sharpe Ratio 3.82 54 Sharpe Ratio
Treynor Ratio 18.89 30.86 Treynor Ratio 2.69 9.75 Treynor Ratio
Tracking Error 2002 16 Tracking Error 2002 26 Tracking Error
Information Ratio -9.95 33.38 Information Ratio 8.77 14.34 Information Ratio
Fund 2 29.54 Fund 6 9.77 Fund
16 -20.84 26.7 18 8.65 8.72 15
48 81 23.64 46 8 7.12 49
57.81 -12.23 16.88 54.69 8.8 5.89 59.38
-5.94 -16.42 1996 -15 7.65 1996 -2.78
11.33 -19.03 19.67 22.14 6.86 5.98 5.99
17.27 -20.63 69 37.14 5.67 20 8.77
-13.38 -22.01 21.34 -31.03 1.79 2.91 -3.65
7.41 2001 52 13.65 2001 74 3.66
0.98 -31.03 28.78 0.94 13.27 13.49 0.97
0.91 83 24.05 1.7 4 5.37 0.26
0.92 -30.46 21.49 0.93 13.04 3.97 0.97
0.49 81 18.8 0.43 7 2.83 0.57
3.67 -4.24 14.89 6.24 13.13 1.19 2.14
2.15 -15.29 1995 3.67 12.35 1995 0.65
0.37 -25.43 37.47 0.35 11.69 23.05 0.14
Index -29.5 31.79 Index 10.55 18.43 Index
19 -37.76 28.75 19 0.57 16.26 18
45 2000 25.73 45 2000 12.82 46
42.19 17.11 21.74 45.31 6.22 8.28 40.62
-7.1 26 -16.86 33 -2.84
10.38 12.38 21.13 6.47 5.74
17.48 63 37.99 17 8.58
-12.38 30.2 -30.46 6.94 -2.9
7.26 17.27 14.04 6.33 3.73
1 13.46 1 5.96 1
0 11.08 0 5.47 0
1 4.21 1 2.92 1
0.39 0.33 0.53
2.81 4.59 1.99
0 0 0
Diff Diff Diff
-3 -1 -3
3 1 3
15.62 9.38 18.76
1.16 1.86 0.06
0.95 1.01 0.25
-0.21 -0.85 0.19
-1 -0.57 -0.75
0.15 -0.39 -0.07
-0.02 -0.06 -0.03
0.91 1.7 0.26
-0.08 -0.07 -0.03
0.1 0.1 0.04
0.86 1.65 0.15
2.15 3.67 0.65