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 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 (incl. convertible bonds) Inverness Bond Returns (incl. convertible bonds) INVERNESS Bond Returns Inverness Bond Returns (incl. convertible bonds)
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 24BLCC10BLCG7BLCVC2.5BLC6.5BSC23BFI23IFI4TMM 24BLCC10BLCG7BLCVC2.5BLC6.5BSC23BFI23IFI4TMM 24 29 52BLCC 18.5BLCGC 13BLCVC 11.95BSC 4.55BLC 61.1%BLCC, 18.5%BLCGC, 13%BLCVC, 7.4%BSC 31 41 50% Broad FI, 50% Intermediate FI 50% Broad FI, 50% Intermediate FI 44
Inception date is September 30, 1992 5 6 3 Yr Inception date is September 30, 1992 30 40 3 Yr Inception date is September 30, 1992 42 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, 2009 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is September 30, 1992 to September 30, 2009 Fiscal Year Returns Ending September Batting Average Returns are gross of fees. Incept is September 30, 1992 to September 30, 2009 Fiscal Year Returns Ending September Batting Average
Account Reconciliation Trailing Returns through September 30, 2009 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through September 30, 2009 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through September 30, 2009 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 -10.00% -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 -5.00% -10.00% Standard Deviation Ending Value Index -20.00% Standard Deviation Ending Value Index 5.00% Standard Deviation
9/30/2009 0.00% -5.00% Beta 9/30/2009 Return -10.00% Beta 9/30/2009 Return 10.00% Beta
Qtr 5.00% 0.00% Annualized Alpha Qtr %-tile 0.00% Annualized Alpha Qtr %-tile 15.00% Annualized Alpha
171,584 10.00% 5.00% R-Squared 81,411 Universe 10.00% R-Squared 82,071 Universe 20.00% R-Squared
450 15.00% 10.00% Sharpe Ratio 910 5th %-tile 20.00% Sharpe Ratio -2,046 5th %-tile 25.00% Sharpe Ratio
15,312 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 15.00% Treynor Ratio 12,260 25th %-tile 30.00% Treynor Ratio 3,219 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio
187,346 Trailing Returns through September 30, 2009 20.00% Tracking Error 94,581 50th %-tile 40.00% Tracking Error 83,244 50th %-tile Fiscal Year Returns Ending September Tracking Error
2009 Fund 25.00% Information Ratio 2009 75th %-tile 50.00% Information Ratio 2009 75th %-tile Fund Information Ratio
YTD Return 30.00% Fund YTD 95th %-tile 60.00% Fund YTD 95th %-tile Return Fund
186,800 %-tile Qtr YTD 2008 2007 2006 2005 2004 2003 2002 2001 6 107,287 1 Yr Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 6 71,599 1 Yr %-tile 3
-1,724 Index   Fiscal Year Returns Ending September 6 -4,857 -7 -0.0665 Fiscal Year Returns Ending September   6 881 14.65 0.1465 Index 9
2,270 Return Fund 41.67 -7,849 81 Fund 58.33 10,764 17 Return 50
187,346 %-tile   Return -10.81 94,581 -6 -0.0585 Return   -22.49 83,244 10.74 0.1074 %-tile -1.89
9/30/1992 Universe %-tile 8.92 9/30/1992 3/6/1900 %-tile 14.99 9/30/1992 59 Universe 5.36
Incept 5th %-tile Index 19.73 Incept -1.47 Index 37.48 Incept 16.61 5th %-tile 7.25
59,084 25th %-tile Return -20.09 18,638 -4 Return -35.36 36,929 13.66 25th %-tile 2.5
-982 50th %-tile %-tile 11.08 -732 -5 %-tile 18.83 -10,396 11.53 50th %-tile 4.91
129,244 75th %-tile Universe 0.99 76,675 -6 Universe 0.94 56,710 9.14 75th %-tile 1.09
187,346  187,346,000 95th %-tile 5th %-tile 0.93 94,581     94,581,000 -8 5th %-tile 2.36 83,244    83,244,000                                                                                                              6 95th %-tile 0.49
Investment Policy 1 Yr ####### 25th %-tile 0.97 Investment Policy 2 Yr 25th %-tile 0.98 Investment Policy 2 Yr Qtr 0.91
Index 1.4 0.014 50th %-tile ####### -0.12 Index -13.01 -0.1301 50th %-tile -0.26 Index 8.41 0.0841 QU. FUND 0.1 0.001 0.95
S&P 500 1 Yr FUND 73 0.73 75th %-tile -1.36 S&P 500 26 75th %-tile -5.17 Barclays Capital Gov/Credit-Intermediate 2 UNIVERSE 49 4.26
Barclays Capital Gov/Credit-Intermediate UNIVERSE 1.8 0.018 95th %-tile ####### 1.95 Russell 1000 Growth -13.98 -0.1398   95th %-tile   2.98 Barclays Capital Gov/Credit Bond 6.69 0.0669 POLICY 0.03 0.0003 1.49
Barclays Capital Gov/Credit Bond POLICY 65 0.65 Qtr 0.47 Russell 1000 Value 54   Qtr 0.88 Total 14 59   0.71
Other 5.66 0.0566 Qtr 8.92 0.0892 Index Other 1 Yr FUND -11.51 Qtr -1.98 -0.0198 Index Weight 7.62 0.61 Index
Weight 3.6 0.036 UNIVERSE 98 0.98 6 Weight UNIVERSE -13 UNIVERSE 29 6 50 5.99 0.31   4
24 2.36   POLICY 9.78 0.0978 6 52 POLICY -13.87 POLICY -1.9 -0.019 6 50 1 Yr FUND 4.72 0.09 8
23 1.18 85 0.85 58.33 18.5 -14.56 26 41.67 100 UNIVERSE 2.68 -0.1 50
23 -1.48   13.08 -10.11 13 -15.92 -0.9 -22.43 Trailing Returns through September 30, 2009 POLICY -1.06 -0.36 -1.52
30 2 Yr   11.76 9.78 16.5 3 Yr -1.9   16.73 Fund 3 Yr YTD 5.63
Trailing Returns through September 30, 2009 -5.08 10.88 19.89 Trailing Returns through September 30, 2009 -2.23 -0.0223 -2.42 39.16 Index 7.27 0.0727 0.07   7.15
Fund 54   10.19 -20.73 Fund 3 -3.3   -37.74 Diff 3 71 1.88
Index -4.69 9.22 11.05 Index -4.85 -0.0485 -4.73 19.85 1 Yr 6.21 0.0621 -0.12   4.31
Diff 43 YTD 1 Diff 64 YTD 1 14.65 10 81 1
1 Yr -2.74 1.4 0.014 0 1 Yr -2.49 6.28 0 10.74 6.69 2.16 0
1.4 0.014 -4.1 73 0.73 1 -6.65 -3.64 12 1 3.91 5.43 1.15 1
1.8 -4.95 1.8 0.018 -0.21 -5.85 -4.43 5.07 -0.38 2 Yr 4.48 0.49 0.83
-0.4 -0.004 -6.1 65 0.65 -2.27 -0.8 -5.3 37 -7.48 8.41 3.16 -0.05 3.58
2 Yr -8.16 5.66 0 2 Yr -6.33 7.09 0 6.69 0.68 -0.53 0
-5.08 3 Yr   3.6 Diff -13.01 4 Yr   5.48 Diff 1/1/1900 4 Yr 2005 Diff
-4.69 1.28 0.0128 2.36 0 -13.98 0.93 0.0093 4.59   0 3 Yr 6.32 2004 2.02 0.0202 -1
-0.39 3 YR FUND 4   1.18 0 0.97 2 3.64   0 7.27 3 UNIVERSE 68 1
3 Yr UNIVERSE 0.36 0.0036 -1.48 -16.66 3 Yr -1.25 -0.0125 1.56     16.66 6.21 5.51 POLICY 2.02 0.0202 0
1.28 0.0128 POLICY 19   2008   -0.7 -2.23 53 2005 -0.06 1.06 10 68   -0.37
0.36 1.06   2004 -11.16 -0.1116 -0.86 -4.85 3 YR FUND 0.37 2004 14.34 0.1434 -1.74 4 Yr 5.89 4.66 -0.27
0.92 0.0092 0.16   UNIVERSE 22   -0.16 2.62 UNIVERSE -0.61 UNIVERSE 41 -1.68 6.32 4.95 2.94   0.1
4 Yr -0.51   POLICY -10.76 -0.1076 0.64 4 Yr POLICY -1.21 POLICY 13.15 0.1315 2.38 5.51 3 YR FUND 4.24 2.38 0.62
2.82 -1.16 17 0.03 0.93 -1.72 63 -1.02 0.81 UNIVERSE 3.27 1.89 0.6
2.02 -2.6   -9.55 -0.01 -1.25 -2.44 18.21 -0.06 5 Yr POLICY 1.1 1.28 0.09
0.8 4 Yr -11.43 0.93 2.18 5 Yr 15.44   2.36 5.44 5 Yr 2004 0.49
5 Yr 2.82   -12.77 -0.03 5 Yr 3.48 0.0348 13.73 -0.02 4.8 5.44 0.0544 2003 3.49 0.0349 -0.09
3.97 1 -14.08 0.09 3.48 4 12.47   0.12 0.64 5 UNIVERSE 33 0.12
3.2 2.02 -16.26 0.91 1.47 1.47 0.0147 9.75   2.31 6 Yr 4.8 0.048 POLICY 3 0.03 0.68
0.77 12 2007   1.95 2.01 68 2004 2.98 5.1 17 49   1.49
6 Yr 2.29 2003 15.31 0.1531 5 Yr 5 Yr 6 Yr 3.2 2003 12.54 0.1254 5 Yr 5 Yr 4.5 5.38 7.43 5 Yr 5 Yr
4.65 1.7 UNIVERSE 1   # of Negative Qtrs 4.95 2.37 UNIVERSE 59 # of Negative Qtrs 0.6 4.58 3.83   # of Negative Qtrs
4.1 1.22 POLICY 11.28 0.1128 # of Positive Qtrs 3.4 1.77 POLICY 13.64 0.1364 # of Positive Qtrs 7 Yr 4.01 2.96 # of Positive Qtrs
0.55 0.68 47 Batting Average 1.55 1.3 40 Batting Average 5.43 3.27 2.27 Batting Average
7 Yr -0.28   13.5 Worst Qtr 7 Yr 0.54 18.31 Worst Qtr 4.75 1.53 1.54 Worst Qtr
5.77 5 Yr   12.1 Best Qtr 1/7/1900 6 Yr 14.62 Best Qtr 1/0/1900 6 Yr 2003 Best Qtr
5.84 3.97 0.0397 11.17 Range 6.35 4.95 13.05 Range 8 Yr 5.1 2002 7.39 0.0739 Range
############################################### 5 YR FUND 4   10.47 Worst 4 Qtrs 1/0/1900 10 11.06 Worst 4 Qtrs 5.84 11 UNIVERSE 21 Worst 4 Qtrs
8 Yr UNIVERSE 3.2 0.032 9.38 Standard Deviation 8 Yr 3.4 0.034 8.09   Standard Deviation 5.23 4.5 POLICY 6.26 0.0626 Standard Deviation
1/4/1900 POLICY 21   2006   Beta 4.74 63 2003 Beta 0.61 29 27   Beta
4.03 3.75   2002 7.57 0.0757 Annualized Alpha 2.5 5 YR FUND 5.41 0.0541 2002 20.44 0.2044 Annualized Alpha 9 Yr 5.39 15.41 Annualized Alpha
0.73 3.1   UNIVERSE 25   R-Squared 2.24 UNIVERSE 4.31 UNIVERSE 88 R-Squared 6.64 4.55 0.0455 6.36   R-Squared
9 Yr 2.68   POLICY 7.18 0.0718 Sharpe Ratio 9 Yr POLICY 3.66 POLICY 25.89 0.2589 Sharpe Ratio 6.07 5 YR FUND 4.01 4.78 Sharpe Ratio
2.57 2.29 38 Treynor Ratio -0.01 3.12 18 Treynor Ratio 0.57 UNIVERSE 3.42 0.0342 3.82 Treynor Ratio
2.06 1.61   8.69 Tracking Error ############################################### 2.53 28.13 Tracking Error 10 Yr POLICY 2.18 2.69 Tracking Error
0.51 6 Yr 7.56 Information Ratio 1/1/1900 7 Yr 25.31   Information Ratio 6.6 7 Yr 2002 Information Ratio
10 Yr 4.65   6.9 Fund Fund 10 Yr 7.03 23.7 Fund Fund 6.11 5.43 2001 8.77 0.0877 Fund Fund
3.51 10 6.32 8 1.58 29 21.94   8 0.49 16 UNIVERSE 6 6
1/2/1900 4.1 5.15 12 ############################################### 6.35 18.64   12 9/30/1992 4.75 POLICY 8.65 0.0865 14
0.73 28 2005   Batting Average 50 2.07 56 2002 Batting Average 55 Incept 29 8   Batting Average 55
9/30/1992 5.02 2001 8.74 0.0874 -10.81 9/30/1992 1/8/1900 2001 -9.95 -0.0995 -22.49 6.45 6.5 8.8 -1.89
Incept 4.21 UNIVERSE 63   8.92 Incept 7.19 UNIVERSE 5 14.99 1/6/1900 4.89 7.65   5.36
7.12 3.74 POLICY 8.03 0.0803 19.73 8.71 6.46 POLICY -20.84 -0.2084 37.48 0.3 4.23 6.86 7.25
6.39 3.35 83 -20.09 7.57 5.87 71 -35.36   Fiscal Year Returns Ending September 3.62 5.67 -0.51
0.73 2.65 11.84 Standard Deviation 9.1 1.14 4.98 -10.38 Standard Deviation 15.5 Fund 2.52 1.79 Standard Deviation 4.18
Fiscal Year Returns Ending September 7 Yr 10.44 Beta 0.99 Fiscal Year Returns Ending September 8 Yr -17.34 Beta 0.94 Index 8 Yr 2001 Beta 1.06
Fund 5.77 9.3 Annualized Alpha 0.79 0.0079 Fund 4.74 -19.53 Annualized Alpha 2.03 0.0203 Diff 5.84 2000 13.27 0.1327 Annualized Alpha 0.36 0.0036
Index 33 8.36 R-Squared 0.96 Index 10 -21.08 R-Squared 0.98 9/30/2009 10 UNIVERSE 4 R-Squared 0.92
Diff 5.84 7.44 0.11 Diff 2.5 -23.77   0.03 Qtr 5.23 POLICY 13.04 0.1304 0.59
9/30/2009 29 2004   1.02 9/30/2009 3/6/1900 2001 0.55 3.93 20 7   2.34
Qtr 6.81 2000 8.1 0.081 1.71 Qtr 5.08 2000 -31.03 -0.3103 2.56 3.71 6.11 13.13 1.18
8.92 0.0892 5.95 UNIVERSE 85   0.45 14.99 3.74 UNIVERSE 76 0.79 0.22 5.08 12.35   0.54
9.78 0.0978 5.44 POLICY 8.75 0.0875 Policy Index 16.31 2.93 POLICY -30.46 -0.3046 Policy Index 2009 4.52 11.69 Policy Index
-0.86 4.99 73 8 -1.32 2.26 73 8 YTD 3.99 10.55 7
2009 4.36 12.63 12 2009 1.72 -5.3 12 1/14/1900 3.08 0.57 13
YTD 8 Yr 10.81 50 YTD 9 Yr -17.68 45 10.74 9 Yr 2000 45
1.4 4.76 9.59 -10.11 -6.65 -0.01 -27.57 -22.43 3.91 6.64 6.22 -1.52
1.8 10 8.64 9.78 -5.85 36 -30.96 16.73 2008 3 33 5.63
-0.4 4.03 7.05 19.89 -0.8 -1.83 -39.84 39.16 2.5 6.07 6.47 7.15
2008 31 2003 -20.73 2008 75 2000 -37.74 2.78 10 17 -0.86
-11.16 5.07 12.74 Standard Deviation 9.01 -18.93 3.26 17.11 Standard Deviation 16.24 -0.28 6.32 6.94 Standard Deviation 3.8
-10.76 4.17 93 1 -21.41 0.92 36 1 2007 5.61 6.33 1
-0.4 3.71 16.91 0 2.48 -1.05 12.38 0 5.02 5.16 5.96 0
2007 3.29 30 1 2007 -1.85 67 1 5.27 4.68 5.47 1
15.31 2.63 21.29 0.03 23.49 -4.12 37.21 -0.09 -0.25 3.84 2.92 0.48
11.28 9 Yr 17.24 0.24 16.43 10 Yr 20.71 -1.49 2006 10 Yr 1999 1.84
4.03 2.57 15.78 0 7.06 1.58 14.58 0 3.52 6.6 -0.41 0
2006 37 14.5 Diff 2006 33 10.6 Diff 3.43 3 72 Diff
7.57 2.06 12.15 0 11.04 -0.49 2.15 0 0.09 6.11 -0.5 -1
7.18 54 2002 0 10.36 83 1999 0 2005 9 75 1
0.39 4.28 -2.02 0 0.68 5.14 30.59 10 2.02 6.36 3.72 10
2005 3.12 4 -0.7 2005 2.19 23 -0.06 2.02 5.63 1.67 -0.37
8.74 2.12 -7.82 -0.86 14.34 0.61 26.68 -1.74 0 5.19 0.54 -0.27
8.03 1.56 64 -0.16 13.15 -0.22 51 -1.68 2004 4.76 -0.58 0.1
0.71 0.56 -2.37 0.64 1.19 -1.32 42.92 2.38 3.42 4.04 -2.06 0.35
2004 10 Yr -5.63 0.09 2004 Fiscal Year Returns Ending September 29.79 -0.74 3 Fiscal Year Returns Ending September 1998 0.38
8.1 3.51 -7.31 -0.01 12.58 Fund 26.74 -0.06 0.42 Fund 11.65 0.06
8.75 32 -8.46 0.79 13.64 Return 17.54 2.03 2003 Return 7 0.36
-0.65 2.78 -10.34 -0.04 -1.06 %-tile 2.98 -0.02 7.39 %-tile 11.62 -0.08
2003 60 2001 0.08 2003 Index 1998 0.12 6.26 Index 8 0.11
12.74 5.24 -13.38 0.78 20.44 Return 6.61 2.04 1.13 Return 12.17 0.5
16.91 3.82 86 1.71 25.89 %-tile 37 2.56 2002 %-tile 9.97 1.18
-4.17 2.98 -12.38 10 Yr -5.45 Universe 10.1 10 Yr 8.77 Universe 8.86 10 Yr
2002 2.47 81 # of Negative Qtrs 2002 5th %-tile 11 # of Negative Qtrs 8.65 5th %-tile 7.67 # of Negative Qtrs
-2.02 1.74 3.86 # of Positive Qtrs -9.95 25th %-tile 12.45 # of Positive Qtrs 0.12 25th %-tile 2.96 # of Positive Qtrs
-7.82 0.43 -4.38 Batting Average ############################################### 50th %-tile 8.45   Batting Average 6/23/1905 50th %-tile 16.26   Batting Average
5.8 0.39 -8.98 Worst Qtr 10.89 75th %-tile 4.58 Worst Qtr 13.27 75th %-tile 12.82 Worst Qtr
6/23/1905 -0.34 -11.24 Best Qtr 2001 95th %-tile -2.5   Best Qtr 13.04 95th %-tile 8.28   Best Qtr
-13.38 0.25 -18.12 Range -31.03 Qtr -15.76 Range 0.23 Qtr 27 Range
-12.38 5.05 -19.14 Worst 4 Qtrs ############################################### 14.99 0.1499 -17.25   Worst 4 Qtrs 6/22/1905 3.93 0.0393 9.46   Worst 4 Qtrs
-1 4.43 Standard Deviation -0.57 83 19 Standard Deviation 6.22 88 3.7 Standard Deviation
6/22/1905 Beta 2000 16.31 0.1631 17.44   Beta 6.47 3.71 0.0371 2.37   Beta
12.39 Annualized Alpha 17.11 25 15.88 Annualized Alpha -0.25 92 1.11 Annualized Alpha
1/9/1900 R-Squared 12.38 17.2 14.26 R-Squared Returns in Up Markets 10.65 0.39 R-Squared
2.97 Sharpe Ratio 4.73 16.29 YTD Sharpe Ratio Fund 8.06 YTD Sharpe Ratio
Returns in Up Markets Treynor Ratio Returns in Up Markets 15.8 12.31 Treynor Ratio Index 6.37 4.44 Treynor Ratio
Fund Tracking Error Fund 15.23 65 Tracking Error Ratio 4.78 37 Tracking Error
Index Information Ratio Index 14.44 13.02 Information Ratio 3 Yr 3.17 5.23 Information Ratio
Ratio Fund Ratio YTD 50 Fund 12.6 YTD 29 Fund
3 Yr 15 3 Yr -6.65 -0.0665 17.59 17 11.6 14.65 0.1465 16.11 7
23.1 25 38.1 81 14.43 23 108.4 17 5.92 33
21.1 55 35.7 -5.85 -0.0585 13.01 57.5 5 Yr 10.74 0.1074 3.67 55
109.4 -10.81 106.6 66 11.77 -22.49 10 59 1.98 -2.18
5 Yr 11.33 5 Yr -1.47 9.97 19.48 9.5 16.61 0.87 5.36
17.7 22.14 28.5 -3.58 2002 41.97 105 13.66 2002 7.54
16.6 -20.09 27.3 2002 FUND -5.1 -21.65   -35.36 10 Yr 2002 FUND 11.53 10.49   -0.51
106.9 8.76 4/13/1900 UNIVERSE -6.36 88 15.94 1/10/1900 UNIVERSE 9.14 11 3.97
10 Yr 0.95 10 Yr POLICY -8.49 -20.67   0.93 10 POLICY 5.63 11.02   0.97
1/17/1900 0.86 30.8 2008 84   2.01 101 2008 8 0.66
1/17/1900 0.94 1/30/1900 -18.93 -0.1893 -9.82 0.96 9/30/1992 2.5 11.72   0.94
100.4 0.06 4/10/1900 5 -13.94 -0.09 Incept 9 9.31 0.92
9/30/1992 0.58 9/30/1992 -21.41 -0.21 -16.68 -1.48 10.2 2.78 7.69   3.75
Incept 2.13 Incept 37 -19.33 3.4 10.2 8 4.45 0.99
16.7 0.34 28.3 -19.02 -23.14 0.61 100.6 3.19 -2.07 0.49
1/16/1900 Index 28.5 -20.9 2001 Index Returns in Down Markets 0.07 2001 Index
102.8 17 99.2 2001 FUND -21.98 -5.89   18 Fund 2001 FUND -2.48 8.73   11
Returns in Down Markets 23 Returns in Down Markets UNIVERSE -22.76 74 22 Index UNIVERSE -5.37 14 29
Fund 45 Fund POLICY -23.91 -11.08   42.5 Ratio POLICY -10.07 8.51   45
Index -10.11 Index 2007 96 -22.43 3 Yr 2007 18 -2.84
Ratio 9.86 Ratio 23.49 0.2349 5.46 16.73 -2.7 5.02 9.68   5.63
3 Yr 19.97 3 Yr 1 -0.02 39.16 -3.9 19 8.13 8.47
-16.7 -20.73 -30.8 16.43 0.1643 -3.26 -37.74 69.4 5.27 7.33   -0.86
-16.8 8.98 -33.3 70 -6.04 16.81 5 Yr 16 6.21 3.97
99.1 1 92.4 20.96 -10.93 1 -2.6 6.16 0.36 1
5 Yr 0 5 Yr 18.73 2000 0 -3.5 4.8 2000 0
-13.7 1 -25.2 2000 FUND 17.22 -5.56   1 73.7 2000 FUND 4.05 12.61   1
-14.1 -0.02 -27.8 UNIVERSE 16.21 98 -0.21 10 Yr UNIVERSE 3.34 8 0.79
97.5 -0.18 90.6 POLICY 14.09 -6.49   -3.45 -2.1 POLICY 2.49 11.84   3.15
10 Yr 0 10 Yr 2006 99 0 -3.5 2006 15 0
-12.5 Diff -25.4 11.04 0.1104 16.45 Diff 60.7 3.52 13.05   Diff
-13.8 -2 ############################################### 20 9.38 -1 9/30/1992 51 11.01 -4
90 2 89 10.36 0.1036 5.82 1 Incept 3.43 9.44   4
9/30/1992 10 9/30/1992 2/3/1900 1.47 15 -2.7 56 7.02 10
Incept -0.7 Incept 12.35 -4.06 -0.06 -3.5 5.33 -8.83 0.66
-11.5 1.47 -25 10.8 1999 2.75 77.1 4 1999 -0.27
-12.7 2.17 -27.8 1999 FUND 9.61 19.52   2.81 1999 FUND 3.53 -2.72   -0.93
90.9 0.64 90 UNIVERSE 8.4 46 2.38 UNIVERSE 3.11 88 0.35
-0.22 POLICY 6.42 20.41   -0.87 POLICY 2.62 -2.15   0
-0.05 2005 41 -0.07 2005 83 -0.03
0.86 14.34 0.1434 35.59 2.01 2.02 7   0.66
-0.06 58 24.4 -0.04 68 2.72 -0.06
0.08 13.15 0.1315 18.88 0.12 2.02 0.33   0.13
0.76 77 13.96 1.97 68 -1.4 0.6
2.13 18.64 8.02 3.4 4.66 -3.93 0.99
Incept 16.69 1998 Incept 2.94 1998 Incept
# of Negative Qtrs 1998 FUND 14.86 16.91   # of Negative Qtrs 1998 FUND 2.38 9.74   # of Negative Qtrs
# of Positive Qtrs UNIVERSE 13.28 13 # of Positive Qtrs UNIVERSE 1.89 7 # of Positive Qtrs
Batting Average POLICY 11.82 20.4   Batting Average POLICY 1.28 9.47   Batting Average
Worst Qtr 2004 6 Worst Qtr 2004 8 Worst Qtr
Best Qtr 12.58 0.1258 21.24 Best Qtr 3.42 9.93   Best Qtr
Range 78 14.25 Range 35 8.09 Range
Worst 4 Qtrs 13.64 0.1364 9.97 Worst 4 Qtrs 3 6.94 Worst 4 Qtrs
Standard Deviation 57 6.68 Standard Deviation 49 5.76 Standard Deviation
Beta 19.12 1.46 Beta 7.43 -0.13 Beta
Annualized Alpha 15.91 1997 Annualized Alpha 3.83 1997 Annualized Alpha
R-Squared 14 38.59 R-Squared 2.96 8.55 R-Squared
Sharpe Ratio 12.74 1 Sharpe Ratio 2.27 54 Sharpe Ratio
Treynor Ratio 9.95 30.86 Treynor Ratio 1.54 9.75 Treynor Ratio
Tracking Error 2003 16 Tracking Error 2003 26 Tracking Error
Information Ratio 20.44 0.2044 33.38 Information Ratio 7.39 14.34 Information Ratio
Fund 88 29.54 Fund 21 9.77 Fund
18 25.89 26.7 20 6.26 8.72 15
50 32 23.64 48 27 7.12 53
55.88 29.98 16.88 52.94 15.41 5.89 60.29
-10.81 26.51 1996 -22.49 6.36 1996 -2.78
11.33 24.66 19.67 22.14 4.78 5.98 5.99
22.14 22.49 69 44.63 3.82 20 8.77
-20.09 17.95 21.34 -35.36 2.69 2.91 -3.65
8.13 2002 52 14.8 2002 74 3.94
0.97 -9.95 28.78 0.94 8.77 13.49 0.99
0.87 6 24.05 1.53 6 5.37 0.34
0.93 -20.84 21.49 0.94 8.65 3.97 0.95
0.42 87 18.8 0.34 8 2.83 0.71
3.56 -9.69 14.89 5.36 8.8 1.19 2.81
2.15 -15.62 1995 3.65 7.65 1995 0.86
0.34 -18.56 37.47 0.31 6.86 23.05 0.35
Index -20.18 31.79 Index 5.67 18.43 Index
21 -21.9 28.75 21 1.79 16.26 19
47 2001 25.73 47 2001 12.82 49
44.12 -31.03 21.74 47.06 13.27 8.28 39.71
-10.11 82 -22.43 4 -2.84
10.38 -30.46 21.13 13.04 5.74
20.49 80 43.56 7 8.58
-20.73 -3.25 -37.74 13.13 -2.9
8.07 -16.75 15.35 12.35 3.88
1 -26.41 1 11.69 1
0 -29.67 0 10.55 0
1 -42.14 1 0.57 1
0.34 0.25 0.64
2.72 3.9 2.48
0 0 0
Diff Diff Diff
-3 -1 -4
3 1 4
11.76 5.88 20.58
-0.7 -0.06 0.06
0.95 1.01 0.25
1.65 1.07 0.19
0.64 2.38 -0.75
0.06 -0.55 0.06
-0.03 -0.06 -0.01
0.87 1.53 0.34
-0.07 -0.06 -0.05
0.08 0.09 0.07
0.84 1.46 0.33
2.15 3.65 0.86