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 Hollywood Police Pension Fund 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 Total Net Returns 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 Universe Comparisons 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 38
Inception date is September 30, 1992 5 33%BLCC,10%BLCGC,7%BLCVC,4%BSC,23%BFI,23%IFI 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. 6 # 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 are in percent. "%-tile" is the percentile ranking within the universe. # 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, 2007 Returns for periods exceeding one year are annualized. Batting Average Returns are net of fees. Incept is September 30, 1992 to December 31, 2007 Fiscal Year Returns Ending September Batting Average Returns are gross of fees. Incept is September 30, 1992 to December 31, 2007 Fiscal Year Returns Ending September Batting Average
Account Reconciliation Trailing Returns through December 31, 2007 Fiscal Year Returns Ending September Worst Qtr Account Reconciliation Trailing Returns through December 31, 2007 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through December 31, 2007 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr
Beginning Value 5-25th %tile 25-50th %tile 50-75th %tile 5-25th %tile 25-50th %tile 50-75th %tile 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 75-95th %tile Fund Index Range Net Flows Return -40.00% Range Net Flows Return -5.00% Range
Investment G/L 2.00% -20.00% Worst 4 Qtrs Investment G/L %-tile -30.00% Worst 4 Qtrs Investment G/L %-tile 0.00% Worst 4 Qtrs
Ending Value 3.00% -15.00% Standard Deviation Ending Value Index -20.00% Standard Deviation Ending Value Index 5.00% Standard Deviation
12/31/2007 4.00% -10.00% Beta 12/31/2007 Return -10.00% Beta 12/31/2007 Return 10.00% Beta
Qtr 5.00% -5.00% Annualized Alpha Qtr %-tile 0.00% Annualized Alpha Qtr %-tile 15.00% Annualized Alpha
214,251 6.00% 0.00% R-Squared 131,933 Universe 10.00% R-Squared 72,293 Universe 20.00% R-Squared
-196 7.00% 5.00% Sharpe Ratio -539 5th %-tile 20.00% Sharpe Ratio 384 5th %-tile 25.00% Sharpe Ratio
-1,825 8.00% 10.00% Treynor Ratio -3,730 25th %-tile 30.00% Treynor Ratio 2,046 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio
212,230 9.00% 15.00% Tracking Error 127,664 50th %-tile 40.00% Tracking Error 74,723 50th %-tile Fiscal Year Returns Ending September Tracking Error
2008 10.00% 20.00% Information Ratio 2008 75th %-tile 50.00% Information Ratio 2008 75th %-tile Fund Information Ratio
YTD 11.00% 25.00% Fund YTD 95th %-tile 60.00% Fund YTD 95th %-tile Return Fund
214,251 12.00% 30.00% 3 131,933 1 Yr Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 3 72,293 1 Yr %-tile 4
-196 13.00%   Qtr YTD 2007 2006 2005 2004 2003 2002 2001 2000 9 -539 14.04 0.1404 Fiscal Year Returns Ending September   9 384 6.83 0.0683 Index 8
-1,825 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr Fiscal Year Returns Ending September 58.33 -3,730 1 Fund 66.67 2,046 6 Return 50
212,230 Trailing Returns through December 31, 2007   Fund -1.25 127,664 5.36 0.0536 Return   -2.79 74,723 7.33 0.0733 %-tile -0.76
9/30/1992 Fund Return 4.73 9/30/1992 73 %-tile 8.33 9/30/1992 3 Universe 3.46
Incept Return %-tile 5.98 Incept 11.65 Index 11.12 Incept 6.88 5th %-tile 4.22
59,084 %-tile Index 4.5 18,638 8.16 Return 7.19 36,929 5.32 25th %-tile -0.51
4,471 Index Return 4.63 3,451 6.58 %-tile 7.86 -8,253 4.26 50th %-tile 2.55
148,675 Return %-tile 1.04 105,575 5.12 Universe 0.94 46,047 3.16 75th %-tile 0.93
212,230  212,230,000 %-tile Universe 1.12 127,664   127,664,000 2.22 5th %-tile 3.42 74,723    74,723,000                                                                                                              1 95th %-tile 0.15
Investment Policy Universe ####### 5th %-tile 0.91 Investment Policy 2 Yr 25th %-tile 0.92 Investment Policy 2 Yr Qtr 0.99
Index 5th %-tile ####### 25th %-tile ####### 0.87 Index 14.15 0.1415 50th %-tile 0.97 Index 5.5 0.055 QU. FUND 0.1 0.001 0.03
S&P 500 1 Yr FUND 25th %-tile ####### 50th %-tile 3.88 S&P 500 2 75th %-tile 8.11 Lehman Gov/Credit-Intermediate 12 UNIVERSE 49 0.08
Lehman Gov/Credit-Intermediate UNIVERSE 50th %-tile ####### 75th %-tile ####### 1.41 Russell 1000 Growth 10.35 0.1035   95th %-tile   2.2 Lehman Gov/Credit Bond 5.61 0.0561 POLICY 0.03 0.0003 0.34
Lehman Gov/Credit Bond POLICY 75th %-tile 95th %-tile 1.02 Russell 1000 Value 52   Qtr 1.44 Total 10 59   -0.44
Other 95th %-tile Qtr Qtr ####### Index Russell 2000 1 Yr FUND 13.33 Qtr -1.98 -0.0198 Index Weight 5.87 0.61 Index
Weight 1 Yr UNIVERSE -0.85 3 Weight UNIVERSE 11.25 UNIVERSE 29 3 50 4.97 0.31   4
33 10.41 0.1041 POLICY 47 0.47 9 61.1 POLICY 10.37 POLICY -1.9 -0.019 9 50 1 Yr FUND 4.41 0.09 8
23 1 -0.38 41.67 18.5 9.7 26 33.33 100 UNIVERSE 3.85 -0.1 50
23 6.42 0.0642 22 -1.67 13 8.17 -0.9 -3.27 Trailing Returns through December 31, 2007 POLICY 3.05 -0.36 -0.78
21 30   0.3 4.35 7.4 3 Yr -1.9   6.89 Fund 3 Yr YTD 3.55
Trailing Returns through December 31, 2007 8.49 -0.46 6.02 Trailing Returns through December 31, 2007 11.78 0.1178 -2.42 10.16 Index 4.23 0.0423 0.07   4.33
Fund 6.66   -0.93 3.83 Fund 6 -3.3   5.26 Diff 16 71 -0.86
Index 5.53 -1.42 4.24 Index 8.62 0.0862 -4.73 8.02 1 Yr 4.38 0.0438 -0.12   2.71
Diff 4.49 -2.4 1 Diff 64 YTD 1 6.83 13 81 1
1 Yr 2.51 YTD 0 1 Yr 11.93 6.28 0 7.33 4.65 2.16 0
10.41 0.1041 2 Yr -0.85 1 14.04 9.55 12 1 -0.5 4.05 1.15 1
6.42 10.1 47 0.61 5.36 8.92 5.07 0.56 2 Yr 3.66 0.49 0.08
3.99 0.0399 2 -0.38 2.6 8.68 8.3 37 4.46 5.5 3.27 -0.05 0.22
2 Yr 8.25 22 0 2 Yr 7.16 7.09 0 5.61 2.75 -0.53 0
10.1 24 0.24 0.3 Diff 14.15 4 Yr   5.48 Diff ############################################### 4 Yr 2005 Diff
8.25 9.32 0.0932 -0.46 0 10.35 11.33 0.1133 4.59   0 3 Yr 4.14 2004 2.02 0.0202 0
1.85 3 YR FUND 8.19 0.0819 -0.93 0 3.8 12 3.64   0 4.23 28 UNIVERSE 68 0
3 Yr UNIVERSE 7.59 0.0759 -1.42 16.66 3 Yr 9.29 0.0929 1.56     33.34 4.38 4.19 POLICY 2.02 0.0202 0
8.2 0.082 POLICY 7.08 -2.4   0.42 11.78 61 2005 0.48 -0.15 27 68   0.02
6.76 6.05 2004 2007 20.07 0.38 8.62 3 YR FUND 12.19 2004 14.34 0.1434 1.44 4 Yr 5.25 4.66 -0.09
1.44 0.0144 3 Yr UNIVERSE 15.31   -0.04 3.16 UNIVERSE 10.11 UNIVERSE 41 0.96 4.14 4.21 2.94   -0.11
4 Yr 8.2 0.082 POLICY 1 0.01 0.67 4 Yr POLICY 9.5 POLICY 13.15 0.1315 1.93 4.19 3 YR FUND 3.77 2.38 0.35
7.89 5 11.28 0.39 11.33 8.87 63 -0.16 -0.05 UNIVERSE 3.37 1.89 -0.16
7.02 6.76 0.0676 38 0.04 9.29 7.9 18.21 -0.06 5 Yr POLICY 2.84 1.28 -0.07
0.87 33 13.29 1.12 2.04 5 Yr 15.44   3.42 4.5 5 Yr 2004 0.15
5 Yr 8.08   11.82 -0.09 5 Yr 14.51 0.1451 13.73 -0.08 4.25 4.5 0.045 2003 3.49 0.0349 -0.01
9.6 6.93 11.02 0.26 14.51 14 12.47   0.41 0.25 31 UNIVERSE 33 -0.05
9.13 6.44 10.22 1.28 13.21 13.21 0.1321 9.75   3.65 6 Yr 4.25 0.0425 POLICY 3 0.03 -0.14
0.47 6.01 8.73   1.41 1.3 47 2004 2.2 5.48 41 49   0.34
6 Yr 5.28 2003 2006 20.06 5 Yr 5 Yr 6 Yr 15.75 2003 12.54 0.1254 5 Yr 5 Yr 5.25 7.18 7.43 5 Yr 5 Yr
7 4 Yr UNIVERSE 7.57   # of Negative Qtrs 8.59 13.82 UNIVERSE 59 # of Negative Qtrs 0.23 4.7 3.83   # of Negative Qtrs
5.97 7.89 POLICY 25 0.25 # of Positive Qtrs 6.12 13.12 POLICY 13.64 0.1364 # of Positive Qtrs 7 Yr 4.04 2.96 # of Positive Qtrs
1.03 10 7.18 Batting Average 2.47 12.55 40 Batting Average 5.98 3.54 2.27 Batting Average
7 Yr 7.02   39 Worst Qtr 7 Yr 11.56 18.31 Worst Qtr 5.75 2.95 1.54 Worst Qtr
5.65 40 0.4 8.65 Best Qtr 1/5/1900 6 Yr 14.62 Best Qtr 1/0/1900 6 Yr 2003 Best Qtr
4.62 8.32 0.0832 7.57 Range 3.08 8.59 13.05 Range 8 Yr 5.48 2002 7.39 0.0739 Range
1/1/1900 5 YR FUND 7.32 0.0732 6.96 Worst 4 Qtrs 1/2/1900 5 11.06 Worst 4 Qtrs 6.51 18 UNIVERSE 21 Worst 4 Qtrs
8 Yr UNIVERSE 6.8 0.068 6.44 Standard Deviation 8 Yr 6.12 0.0612 8.09   Standard Deviation 6.38 5.25 POLICY 6.26 0.0626 Standard Deviation
1/4/1900 POLICY 6.4 5.38   Beta 2.91 56 2003 Beta 0.13 22 27   Beta
3.77 5.76 2002 2005 20.05 Annualized Alpha 1.01 5 YR FUND 8.53 0.0853 2002 20.44 0.2044 Annualized Alpha 9 Yr 6.6 15.41 Annualized Alpha
0.49 5 Yr UNIVERSE 8.74   R-Squared 1.9 UNIVERSE 7.03 UNIVERSE 88 R-Squared 5.69 5.18 0.0518 6.36   R-Squared
9 Yr 9.6 0.096 POLICY 51 0.51 Sharpe Ratio 9 Yr POLICY 6.22 POLICY 25.89 0.2589 Sharpe Ratio 5.55 5 YR FUND 4.68 4.78 Sharpe Ratio
5.4 33 8.03 Treynor Ratio 5.41 5.7 18 Treynor Ratio 0.14 UNIVERSE 4.22 0.0422 3.82 Treynor Ratio
4.4 9.13 0.0913 73 Tracking Error 1/2/1900 4.65 28.13 Tracking Error 10 Yr POLICY 3.57 2.69 Tracking Error
1 49 11.03 Information Ratio 1/2/1900 7 Yr 25.31   Information Ratio 6.05 7 Yr 2002 Information Ratio
10 Yr 11.02   9.62 Fund Fund 10 Yr 5.73 23.7 Fund Fund 5.89 5.98 2001 8.77 0.0877 Fund Fund
6.53 9.78 8.74 4 7.34 10 21.94   5 0.16 13 UNIVERSE 6 5
1/5/1900 9.1 7.96 16 1/5/1900 3.08 18.64   15 9/30/1992 5.75 POLICY 8.65 0.0865 15
0.85 8.63 6.7   Batting Average 60 1.97 57 2002 Batting Average 50 Incept 17 8   Batting Average 60
9/30/1992 7.93 2001 2004 20.04 -1.25 9/30/1992 6.29 2001 -9.95 -0.0995 -2.79 6.28 6.49 8.8 -2.18
Incept 6 Yr UNIVERSE 8.1   7.3 Incept 4.17 UNIVERSE 5 12.58 1/6/1900 5.43 7.65   3.46
8.65 7 POLICY 84 0.84 8.55 11.57 3.23 POLICY -20.84 -0.2084 15.37 0.09 4.96 6.86 5.64
7.8 12 8.75 4.49 10.4 2.67 71 6.27   Fiscal Year Returns Ending September 4.55 5.67 -0.51
0.85 5.97 66 Standard Deviation 4.8 1.17 1 -10.38 Standard Deviation 8.37 Fund 3.95 1.79 Standard Deviation 3.28
Fiscal Year Returns Ending September 48 12 Beta 0.93 Fiscal Year Returns Ending September 8 Yr -17.34 Beta 0.92 Index 8 Yr 2001 Beta 0.88
Fund 7.47 10.46 Annualized Alpha 1.07 0.0107 Fund 2.91 -19.53 Annualized Alpha 2.18 0.0218 Diff 6.51 2000 13.27 0.1327 Annualized Alpha 0.73 0.0073
Index 6.51 9.3 R-Squared 0.89 Index 28 -21.08 R-Squared 0.94 12/31/2007 6 UNIVERSE 4 R-Squared 0.99
Diff 5.95 8.43 1.39 Diff 1.01 -23.77   1.38 Qtr 6.38 POLICY 13.04 0.1304 0.47
12/31/2007 5.51 6.98   7.15 12/31/2007 78 2001 12.57 2.82 9 7   1.76
Qtr 4.88 2000 2003 20.03 1.6 Qtr 6.41 2000 -31.03 -0.3103 2.24 3.01 6.54 13.13 0.58
-0.85 -0.0085 7 Yr UNIVERSE 12.74   0.29 -2.79 3.49 UNIVERSE 76 0.58 -0.19 5.9 12.35   0.43
-0.38 -0.0038 5.65 POLICY 92 0.92 Policy Index -3.27 1.7 POLICY -30.46 -0.3046 Policy Index 2008 5.53 11.69 Policy Index
-0.47 14 16.91 5 0.48 1.09 73 5 YTD 5.11 10.55 6
2008 4.62 26 15 2008 -0.25 -5.3 15 1/2/1900 4.51 0.57 14
YTD 46 21.35 40 YTD 9 Yr -17.68 50 3.01 9 Yr 2000 40
-0.85 6.19 17.03 -1.67 -2.79 5.41 -27.57 -3.27 -0.19 5.69 6.22 -2.84
-0.38 5.07 15.26 9.86 -3.27 20 -30.96 15.78 2007 8 33 3.55
-0.47 4.52 14.12 11.53 0.48 2.97 -39.84 19.05 5.02 5.55 6.47 6.39
2007 4.05 12.32 3.54 2007 77 2000 5.26 5.27 11 17 -0.86
15.31 3.03 2002 Standard Deviation 4.89 23.49 6.86 17.11 Standard Deviation 8.81 -0.25 5.8 6.94 Standard Deviation 3.7
11.28 8 Yr -2.02 1 16.43 4.97 36 1 2006 5.11 6.33 1
4.03 4.26 1 0 7.06 3.66 12.38 0 3.52 4.73 5.96 0
2006 41 -7.82 1 2006 3.05 67 1 3.43 4.36 5.47 1
7.57 3.77 55 1.26 11.04 1.94 37.21 1.16 0.09 3.88 2.92 0.35
7.18 60 -4.41 6.18 10.36 10 Yr 20.71 10.26 2005 10 Yr 1999 1.3
0.39 6.64 -6.38 0 0.68 7.34 14.58 0 2.02 6.05 -0.41 0
2005 5.08 -7.61 Diff 2005 9 10.6 Diff 2.02 2 72 Diff
8.74 3.98 -8.8 -1 14.34 5.37 2.15 0 0 5.89 -0.5 -1
8.03 3.48 -10.57 1 13.15 62 1999 0 2004 3 75 1
0.71 2.56 2001 20 1.19 7.83 30.59 0 3.49 5.8 3.72 20
2004 9 Yr -13.38 0.42 2004 6.17 23 0.48 3 5.21 1.67 0.66
8.1 5.4 85 -2.56 12.54 5.6 26.68 -3.2 0.49 4.86 0.54 -0.09
8.75 25 -12.38 -2.98 13.64 5.06 51 -3.68 2003 4.51 -0.58 -0.75
-0.65 4.4 80 0.95 -1.1 3.51 42.92 1.01 7.39 3.99 -2.06 0.35
2003 63 2.28 -0.09 2003 Fiscal Year Returns Ending September 29.79 -0.44 6.26 Fiscal Year Returns Ending September 1998 -0.42
12.74 6.42 -4.86 -0.07 20.44 Fund 26.74 -0.08 1.13 Fund 11.65 -0.12
16.91 5.35 -9.57 1.07 25.89 Return 17.54 2.18 2002 Return 7 0.73
-4.17 4.61 -11.78 -0.11 -5.45 %-tile 2.98 -0.06 8.77 %-tile 11.62 -0.01
2002 4.21 -17.07 0.13 2002 Index 1998 0.22 8.65 Index 8 0.12
-2.02 3.58 2000 0.97 -9.95 Return 6.61 2.31 0.12 Return 12.17 0.46
-7.82 10 Yr 12.39 1.6 -20.84 %-tile 37 2.24 2001 %-tile 9.97 0.58
5.8 6.53 22 10 Yr 10.89 Universe 10.1 10 Yr 13.27 Universe 8.86 10 Yr
2001 9 9.42 # of Negative Qtrs 2001 5th %-tile 11 # of Negative Qtrs 13.04 5th %-tile 7.67 # of Negative Qtrs
-13.38 5.68 54 # of Positive Qtrs -31.03 25th %-tile 12.45 # of Positive Qtrs 0.23 25th %-tile 2.96 # of Positive Qtrs
-12.38 37 19.09 Batting Average ############################################### 50th %-tile 8.45   Batting Average 6/22/1905 50th %-tile 16.26   Batting Average
-1 6.78 12.02 Worst Qtr -0.57 75th %-tile 4.58 Worst Qtr 6.22 75th %-tile 12.82 Worst Qtr
6/22/1905 5.96 9.62 Best Qtr 2000 95th %-tile -2.5   Best Qtr 6.47 95th %-tile 8.28   Best Qtr
12.39 5.45 8.36 Range 17.11 Qtr -15.76 Range -0.25 Qtr 27 Range
9.42 5.05 4.48 Worst 4 Qtrs 1/12/1900 -2.79 -0.0279 -17.25   Worst 4 Qtrs 6/21/1905 2.82 0.0282 9.46   Worst 4 Qtrs
2.97 4.43 Standard Deviation 4.73 51 19 Standard Deviation -0.41 5 3.7 Standard Deviation
6/21/1905 Beta 1999 -3.27 -0.0327 17.44   Beta -0.5 3.01 0.0301 2.37   Beta
14.22 Annualized Alpha 30.59 69 15.88 Annualized Alpha 0.09 3 1.11 Annualized Alpha
1/12/1900 R-Squared 26.68 -1.22 14.26 R-Squared Returns in Up Markets 2.8 0.39 R-Squared
1.43 Sharpe Ratio 3.91 -2.18 YTD Sharpe Ratio Fund 2.06 YTD Sharpe Ratio
Returns in Up Markets Treynor Ratio Returns in Up Markets -2.77 12.31 Treynor Ratio Index 1.52 4.44 Treynor Ratio
Fund Tracking Error Fund -3.44 65 Tracking Error Ratio 0.79 37 Tracking Error
Index Information Ratio Index -4.68 13.02 Information Ratio 3 Yr -0.2 5.23 Information Ratio
Ratio Fund Ratio YTD 50 Fund 7.6 YTD 29 Fund
3 Yr 12 3 Yr -2.79 17.59 14 8 2.82 16.11 7
12.6 28 19 51 14.43 26 95 5 5.92 33
10.6 60 15.6 -3.27 13.01 57.5 5 Yr 3.01 3.67 57.5
118.5 -5.94 122 69 11.77 -15 7.7 3 1.98 -2.18
5 Yr 11.33 5 Yr -1.22 9.97 22.14 7.9 2.8 0.87 4.93
13.8 17.27 22.8 -2.18 2002 37.14 97.7 2.06 2002 7.11
13.7 -13.38 22 2002 FUND -2.77 -21.65   -31.03 10 Yr 2002 FUND 1.52 10.49   -0.66
100.7 7.55 4/12/1900 UNIVERSE -3.44 88 14.42 1/8/1900 UNIVERSE 0.79 11 3.36
10 Yr 0.94 10 Yr POLICY -4.68 -20.67   0.93 9 POLICY -0.2 11.02   0.93
1/16/1900 1.14 30.2 2007 84   2.25 98.4 2007 8 0.57
1/16/1900 0.93 1/29/1900 23.49 -9.82 0.94 9/30/1992 5.02 11.72   0.97
102.1 0.39 4/10/1900 1 -13.94 0.26 Incept 19 9.31 0.72
9/30/1992 3.1 9/30/1992 16.43 -16.68 4 9.7 5.27 7.69   2.61
Incept 2.11 Incept 63 -19.33 3.57 9.8 16 4.45 0.62
15.7 0.4 26.6 20.48 -23.14 0.55 98.8 6.16 -2.07 0.26
1/15/1900 Index 26.5 18.11 2001 Index Returns in Down Markets 4.8 2001 Index
103.8 14 100.6 2001 FUND 16.83 -5.89   15 Fund 2001 FUND 4.05 8.73   10
Returns in Down Markets 26 Returns in Down Markets UNIVERSE 15.77 74 25 Index UNIVERSE 3.34 14 30
Fund 40 Fund POLICY 13.95 -11.08   42.5 Ratio POLICY 2.49 8.51   42.5
Index -7.1 Index 2006 96 -16.86 3 Yr 2006 18 -2.84
Ratio 10.38 Ratio 11.04 5.46 21.13 -2.2 3.52 9.68   5.11
3 Yr 17.48 3 Yr 25 -0.02 37.99 -2.5 51 8.13 7.95
-3 -12.38 -5.6 10.36 -3.26 -30.46 87.6 3.43 7.33   -0.89
-3 7.72 -7.4 37 -6.04 15.13 5 Yr 56 6.21 3.58
98 1 74.6 12.74 -10.93 1 -2.6 5.33 0.36 1
5 Yr 0 5 Yr 10.99 2000 0 -3.7 4 2000 0
-2 1 -7.2 2000 FUND 9.84 -5.56   1 69.4 2000 FUND 3.53 12.61   1
-3.4 0.27 -9.6 UNIVERSE 9.02 98 0.12 10 Yr UNIVERSE 3.11 8 0.63
58.8 2.06 74.3 POLICY 7.2 -6.49   1.75 -2 POLICY 2.62 11.84   2.27
10 Yr 0 10 Yr 2005 99 0 -3 2005 15 0
-9.6 Diff -22.2 14.34 16.45 Diff 67.9 2.02 13.05   Diff
-11.1 -2 ############################################### 34 9.38 -1 9/30/1992 68 11.01 -3
86 2 87.4 13.15 5.82 1 Incept 2.02 9.44   3
9/30/1992 20 9/30/1992 57 1.47 15 -2.7 68 7.02 15
Incept 1.16 Incept 17.52 -4.06 1.86 -3.3 4.66 -8.83 0.66
-9 0.95 -21.8 15.01 1999 1.01 80.4 2.94 1999 -0.18
-10.4 -0.21 -24.7 1999 FUND 13.39 19.52   -0.85 1999 FUND 2.38 -2.72   -0.84
86.6 -1 88.5 UNIVERSE 12.26 46 -0.57 UNIVERSE 1.89 88 0.23
-0.17 POLICY 10.4 20.41   -0.71 POLICY 1.28 -2.15   -0.22
-0.06 2004 41 -0.07 2004 83 -0.07
1.14 12.54 35.59 2.25 3.49 7   0.57
-0.07 81 24.4 -0.06 33 2.72 -0.03
0.12 13.64 18.88 0.14 3 0.33   0.09
1.04 57 13.96 2.25 49 -1.4 0.34
2.11 18.56 8.02 3.57 7.43 -3.93 0.62
Incept 15.89 1998 Incept 3.83 1998 Incept
# of Negative Qtrs 1998 FUND 13.94 16.91   # of Negative Qtrs 1998 FUND 2.96 9.74   # of Negative Qtrs
# of Positive Qtrs UNIVERSE 12.8 13 # of Positive Qtrs UNIVERSE 2.27 7 # of Positive Qtrs
Batting Average POLICY 10.11 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 86 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 15 6.68 Standard Deviation 27 5.76 Standard Deviation
Beta 27.92 1.46 Beta 15.41 -0.13 Beta
Annualized Alpha 24.93 1997 Annualized Alpha 6.36 1997 Annualized Alpha
R-Squared 23.42 38.59 R-Squared 4.78 8.55 R-Squared
Sharpe Ratio 21.62 1 Sharpe Ratio 3.82 54 Sharpe Ratio
Treynor Ratio 18.47 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 1 29.54 Fund 6 9.77 Fund
13 -20.84 26.7 15 8.65 8.72 13
48 75 23.64 46 8 7.12 48
59.02 -13.1 16.88 54.1 8.8 5.89 60.66
-5.94 -17.4 1996 -15 7.65 1996 -2.78
11.33 -19.63 19.67 22.14 6.86 5.98 5.99
17.27 -20.9 69 37.14 5.67 20 8.77
-13.38 -23 21.34 -31.03 1.79 2.91 -3.65
7.13 2001 52 13.33 2001 74 3.6
0.97 -31.03 28.78 0.93 13.27 13.49 0.96
1.06 84 24.05 1.75 4 5.37 0.32
0.91 -30.46 21.49 0.93 13.04 3.97 0.97
0.66 82 18.8 0.57 7 2.83 0.64
4.82 -4.87 14.89 8.17 13.13 1.19 2.41
2.14 -19.34 1995 3.71 12.35 1995 0.62
0.4 -27.47 37.47 0.32 11.69 23.05 0.15
Index -29.46 31.79 Index 10.55 18.43 Index
16 -37.88 28.75 16 0.57 16.26 16
45 2000 25.73 45 2000 12.82 45
40.98 17.11 21.74 45.9 6.22 8.28 39.34
-7.1 28 -16.86 33 -2.84
10.38 12.38 21.13 6.47 5.74
17.48 68 37.99 17 8.58
-12.38 28.83 -30.46 6.94 -2.9
7.04 17.55 13.75 6.33 3.7
1 13.53 1 5.96 1
0 11.77 0 5.47 0
1 3.86 1 2.92 1
0.54 0.47 0.6
3.83 6.43 2.22
0 0 0
Diff Diff Diff
-3 -1 -3
3 1 3
18.04 8.2 21.32
1.16 1.86 0.06
0.95 1.01 0.25
-0.21 -0.85 0.19
-1 -0.57 -0.75
0.09 -0.42 -0.1
-0.03 -0.07 -0.04
1.06 1.75 0.32
-0.09 -0.07 -0.03
0.12 0.1 0.04
0.99 1.74 0.19
2.14 3.71 0.62