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 EAGLE MIDCAP EQUITY 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 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) Eagle Mid-cap equity (including 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 Executive Summary
44 Broad Large Cap Core Broad Large Cap Core 46 49 Broad Large Cap Growth Broad Large Cap Growth Core 51 54 Broad Small Cap Broad Small Cap 56 59 Broad Large Cap Value Core Broad Large Cap Value Core 61 1
Inception date is September 30, 1992 45 50 3 Yr Inception date is March 31, 2000 50 60 3 Yr Inception date is March 31, 2003 55 68 Incept 3 Yr Inception date is December 31, 2003 60 76 2 Yr Inception date is October 7, 2008
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 All dollar values are shown in thousands.
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 for periods exceeding one year are annualized.
Returns are gross of fees. Incept is September 30, 1992 to December 31, 2008 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is March 31, 2000 to December 31, 2008 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is March 31, 2003 to December 31, 2008 Fiscal Year Returns Ending September Batting Average Returns are net of fees. Incept is December 31, 2003 to December 31, 2008 Fiscal Year Returns Ending September Batting Average Returns are net of fees.
Account Reconciliation Trailing Returns through December 31, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through December 31, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through December 31, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation Trailing Returns through December 31, 2008 5-25th %tile 25-50th %tile 50-75th %tile Worst Qtr Account Reconciliation
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 Beginning Value
Net Flows Return -40.00% Range Net Flows Return -75.00% Range Net Flows Return -50.00% Range Net Flows Return -30.00% Range Net Flows
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 Investment G/L
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 Ending Value
12/31/2008 Return -10.00% Beta 12/31/2008 Return 0.00% Beta 12/31/2008 Return 25.00% Beta 12/31/2008 Return 0.00% Beta 12/31/2008
Qtr %-tile 0.00% Annualized Alpha Qtr %-tile 25.00% Annualized Alpha Qtr %-tile 50.00% Annualized Alpha Qtr %-tile 10.00% Annualized Alpha Qtr
63,633 Universe 10.00% R-Squared 23,064 Universe 50.00% R-Squared 9,864 Universe 75.00% R-Squared 12,340 Universe 20.00% R-Squared 5,000
-9,413 5th %-tile 20.00% Sharpe Ratio -1 5th %-tile 75.00% Sharpe Ratio 40 5th %-tile 100.00% Sharpe Ratio -1 5th %-tile 30.00% Sharpe Ratio -27
-13,783 25th %-tile 30.00% Treynor Ratio -5,405 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio -2,255 25th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Treynor Ratio -2,345 25th %-tile 40.00% Treynor Ratio -325
40,437 50th %-tile 40.00% Tracking Error 17,658 50th %-tile Fiscal Year Returns Ending September Tracking Error 7,649 50th %-tile Fiscal Year Returns Ending September Tracking Error 9,994 50th %-tile Qtr YTD 2005 2004 2003 2002 2001 2000 1999 1998 Tracking Error 4,648
2009 75th %-tile 50.00% Information Ratio 2009 75th %-tile Fund Information Ratio 2009 75th %-tile Fund Information Ratio 2009 75th %-tile Fiscal Year Returns Ending September Information Ratio 2009
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 YTD
63,633 1 Yr Fiscal Year Returns Ending September 6 23,064 2 Qtrs %-tile 4 9,864 2 Qtrs %-tile 8 12,340 2 Qtrs Return 6 0
-9,413 -36.58 -0.3658 Fund 6 -1 -31.19 R1000G 8 40 -25.36 FR2000 4 -1 -23.09 %-tile 2 4,973
-13,783 18   Return 66.67 -5,405 39 Return 50 -2,255 28 Return Batting Average 66.67 -2,345 3 R1000V 62.5 -325
40,437 -37 -0.37 %-tile -23.27 17,658 -32.31 %-tile -23.43 7,649 -26.94 %-tile -22.88 9,994 -26.93 Return -19.01 4,648
9/30/1992 31 S&P 500 9.72 3/31/2000 50 Universe 5.84 3/31/2003 40 Universe 11.93 12/31/2003 33 %-tile 5.58 10/7/2008
Incept -35.19 Return 32.99 Incept -27.34 5th %-tile 29.27 Incept -18.31 5th %-tile 34.81 Incept -23.71 Universe 24.59 Incept
  18,638 -36.9 %-tile -36.58 10,795 -30.16 25th %-tile -36.52 4,822 -24.78 25th %-tile -32.54 7,800 -26.24 5th %-tile -30.22   5,000
-42,760 -37.27 Universe 15.98 14,363 -32.36 50th %-tile 15.33 220 -28.12 50th %-tile Standard Deviation 18.31 3,295 -28.38 25th %-tile 14.7 -27
64,559 -38.11 5th %-tile 1.03 -7,500 -34.74 75th %-tile 0.92 2,608 -33.19 75th %-tile Beta 0.9 -1,101 -28.62 50th %-tile BETA 0.84 -325
40,437  40,437,000                                                                                                            (40) 25th %-tile 4.39 17,658  17,658,000 -40.42 95th %-tile -0.54 7,649    7,649,000 -38.75 95th %-tile Annualized Alpha 3.54 0.0354 9,994             9,994,000 -31.79 75th %-tile ALPHA -0.12 -0.0012 4,648    4,648,000
Investment Policy 2 Yr 50th %-tile 0.95 Investment Policy 3 Qtrs Qtr 0.97 Investment Policy 3 Qtrs Qtr R-Squared 0.95 Investment Policy 3 Qtrs 95th %-tile 0.96 Investment Policy
Index -13.76 75th %-tile -0.53 Index -30.83 QU. FUND -3.66 -0.0366 -0.82 Index -25.87 QU. FUND -2.59 -0.0259 -0.43 Index -25 Qtr -1.42 Index
S&P 500 1 95th %-tile -8.21 Russell 1000 Growth 33 UNIVERSE 39   -13.73 Russell 2000 31 UNIVERSE 12   -8.74 Russell 1000 Value 1 -0.49 -0.0049 -24.81 Russell Midcap
Total -18.48 Qtr 3.56 Total -31.46 POLICY -3.9 -0.039 2.86 Total -26.51 POLICY -5.02 -0.0502 4.4 Total -30.82 36   4.11 Total
Weight 36 -1.55 -0.0155 1.03 Weight 50 46 0.08 Weight 36 54 0.95 Weight 75 0.59 0.0059 0.73 Weight
100 1 Yr FUND -15.52 QU. FUND 41   S&P 500 100 -27.94 -1.39 R1000G 100 -20.09 -1.91 Policy FR2000 100 -27.7 13 R1000V 100
100 UNIVERSE -18.34 UNIVERSE -1.44 -0.0144 6 100 -30.21 -3.05 5 100 -25.29 -3.39 6 100 -29.83 1.73 6 100
Trailing Returns through December 31, 2008 POLICY -18.7 POLICY 30 6 Trailing Returns through December 31, 2008 -31.47 -4.08   7 Trailing Returns through December 31, 2008 -28.87 -4.84   6 Trailing Returns through December 31, 2008 -30.46 -0.06 2 Trailing Returns through December 31, 2008
Fund -19.91 0.64 33.33 Fund -34.49 -5.16 50 Fund -31.98 -6.35 33.33 Fund -30.83 -1.29 37.5 Fund
S&P 500 -21.75 -1.19 -21.94 R1000G -38.7 -6.87   -22.79 FR2000 -38.12 -9.22   -26.12 R1000V -33.78 -1.6 -22.18 RMID-CAP
Diff 3 Yr -1.85 6.7 Diff 1 Yr YTD 6.86 Diff 1 Yr YTD 13.93 Diff 1 Yr -3.2   4.92 Diff
1 Yr -4.7 -0.047 -3.28   28.64 1 Yr -36.52 -0.3652 2.22 29.65 1 Yr -32.54 -0.3254 10.76 40.05 1 Yr -30.22 -0.3022 YTD 27.1 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 1 Yr FUND #REF!
-36.58 1   -5.66 -37 ############################################### 13 64 -38.44 ############################################### 36 20 -33.79 ############################################### 1   6.81   -36.85 10/7/2008 UNIVERSE
-37 -8.36 -0.0836 YTD   15.08 -38.44 -38.44 -0.3844 2.02 16.4 -33.79 -33.79 -0.3379 9.44 Standard Deviation 19.85 -36.85 -36.85 -0.3685 24 17.06 Incept POLICY #REF!
0.42 28 6.94 1 1.92 43 67 1 1.25 44 28 1 6.63 40 7.91 1 -6.5
2 Yr -6.68 16 0 2 Yr -32.98 8.65 0 2 Yr -26.99 13.84 0 2 Yr -34.34 13 0 -22.55
-13.76 -8.33 4.85 1 ############################################### -37.61 5.33 1 ############################################### -31.54 9.78 1 ############################################### -36.09 9.32 1 16.05
-18.48 -8.7 42 -0.8 -17.04 -39.5 2.98 -0.78 -19.27 -34.96 7.83 -0.61 -20.6 -37.03 6.74 -1.4 Fiscal Year Returns Ending September
4.72 -9.68 8.45 -12.12 2.45 -42.38 1.38 -12.87 5.29 -40.4 5.58 -12.05 3.02 -37.31 4.82 -23.86 Fund
3 Yr -11.05 5.82 0 3 Yr -46.3 -1.66 0 3 Yr -45.73 1.51 0 3 Yr -39.73   4.38 0 RMID-CAP
############################################### 4 Yr 4.67 Diff -8.87 2 Yr 2005   Diff ############################################### INCEPTION 2 Yr 2005   Diff ############################################### 2 Yr 1.98 Diff Diff
Incept ROR -8.36 -1.67 3.13 0   ############################################### -14.59 2004 FUND 13.12 0.1312 -1 ############################################### UNIVERSE -13.98 2004 FUND 21.9 0.219 2 ############################################### -17.58 -0.1758 2005 0    12/31/2008  
Fund 3.66 1 0.06 0   0.24 12 UNIVERSE 55   1 4.18 POLICY 10 UNIVERSE 23   -2 0.66 8 11.9 0.119 0    Qtr  
Policy 4 Yr -5.21 2005 33.34   4 Yr -17.04 POLICY 11.6 0.116 0 4 Yr -19.27 POLICY 17.95 0.1795 33.34 4 Yr -20.6 -0.206 62   25   -6.5  
-1.67 41 14.04   -1.33 ############################################### 35 71 -0.64 ############################################### 52 63 3.24 ############################################### 84 16.69 0.1669 3.17 -22.55
-5.21 3 Yr FUND -3.14 2004 FUND 38 3.02 ############################################### 1 Yr FUND -13.53 25.77 -1.02 ############################################### -12.74 26.4 -2 ############################################### -17.04 23 0.66 16.05
3.54 UNIVERSE -4.88 UNIVERSE 12.25 4.35 0.03 UNIVERSE -16.52 18.07 -0.38 3.84 -16.57 21.72 -5.24 -0.04 -18.53 24.1 -2.51 2009
5 Yr POLICY -5.37 POLICY 57 0.42 5 Yr POLICY -18.15 13.56   1.92 5 Yr   -19.16 19.25   1.25 5 Yr -18.83 16.12 6.63 YTD 2008 2007 2006 2005 2004 2003 2002 2001 2000
0.40 -5.92 22.88 0.9 ############################################### -19.53 11.02 -1.07 1/2/1900 -21.51 16.53 -1.54 ############################################### -19.92 12.74   -2.36 Returns in Up Markets
-2.19 -7.22 15.79 0.03 -3.43 -22.95 7.76   -0.08 ############################################### -27.07 11.14   -0.1 ############################################### -24.05 11.06 -0.16 Fund
2.59 5 Yr   12.59 4.39 0 3 Yr 2004   -0.54 3.73 3 Yr 2004   3.54 -0.9 3 Yr 7.98   -0.12 RMID-CAP
6 Yr 0.4 0.004 11.47 -0.05 6 Yr -8.87 -0.0887 2003 FUND 4.69 0.0469 -0.03 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr 3 Yr FUND -4.11 -0.0411 2003 FUND 22.46 0.2246 -0.05 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr -7.66 -0.0766 2004   -0.04 Ratio 3 Yr FUND #REF!
4.71 2   7.61 0.27 0.40 32 UNIVERSE 87   -0.04 3/31/2003 UNIVERSE 9 UNIVERSE 26   0.18 12/31/2003 20 23.92 0.2392 -0.02 10/7/2008  N/A
2.39 -2.19 -0.0219 2004 3.91 1/1/1900 -9.11 -0.0911 POLICY 7.51 0.0751 -0.86 Incept POLICY -8.29 -0.0829 POLICY 18.78 0.1878 3.31 Incept -8.32 -0.0832 18.34   -0.95 Incept   #REF!
2.32 43 13.63 3.56 -1.05 37 61 2.86 7.94 41 54 4.4 -1.69 34 14.42 0.1442 4.11 Returns in Down Markets
7 Yr 0.03 2003 FUND 39 5 Yr 7 Yr -6.59 15.25 5 Yr 6.95 -2.95 28.92 4 Yr -0.79 -6.21 13.02 3 Yr Fund
1.45 -1.66 UNIVERSE 13.87 5 Yr # of Negative Qtrs ############################################### -8.48   11.67 # of Negative Qtrs 0.99 -6.66 22.49 # of Negative Qtrs -0.9 -7.84 8.08 # of Negative Qtrs RMID-CAP
############################################### -2.31 POLICY 35 # of Positive Qtrs ############################################### -9.85 8.28 # of Positive Qtrs Fiscal Year Returns Ending September -9.06 19.1 # of Positive Qtrs Fiscal Year Returns Ending September -8.51 2003 # of Positive Qtrs Ratio
2.98   -2.79 19.71 Batting Average 1/0/1900 -11.28 6.32 Batting Average Fund -11.15 16.07 Batting Average Fund -8.94 27.67 Batting Average 10/7/2008
8 Yr   -4.11 14.67 Worst Qtr 8 Yr -13.3 2.06 Worst Qtr FR2000 -14.76 8.02 Worst Qtr R1000V -11.46 23.98 Worst Qtr Incept
1/0/1900 6 Yr 13.19 Best Qtr ############################################### 4 Yr 2003   Best Qtr Diff 4 Yr 2003   Best Qtr Diff 4 Yr 21.95 Best Qtr -6.5
-2.89 4.71 10.23 Range ############################################### -5.68 2002 FUND 19.31 0.1931 Range 12/31/2008 -1.39 -0.0139 2002 FUND 48.25 0.4825 Range 12/31/2008 -4.73 -0.0473 19.27   Range -22.5
2.99 7 5.93 Worst 4 Qtrs 1.46 44 UNIVERSE 63   Worst 4 Qtrs Qtr 10 UNIVERSE 34.58   Worst 4 Qtrs Qtr 26 15.84 Worst 4 Qtrs 28.8
9 Yr 2.39 2003 Standard Deviation 9 Yr 10 Yr -5.71 POLICY 25.91 0.2591 Standard Deviation -22.88 -5.23 -0.0523 POLICY 30.01 0.3001 Standard Deviation -19.01 -0.1901 -4.69 -0.0469 2002   Standard Deviation 5 Yr FUND
-1.78 41 20.49 Beta 3/31/2000 45 17 Beta ############################################### 50 25.9 Beta ############################################### 25 -6.38 Beta  N/A
-3.6 5 Yr FUND 4.95 2002 FUND 73 Annualized Alpha Incept 3 Yr FUND -3.18 30.61 Annualized Alpha 3.24 -0.16 19.17 Annualized Alpha 3.17 -2.08 -15.42 Annualized Alpha  
1.82 UNIVERSE 3.05 UNIVERSE 24.4 R-Squared -5.11 UNIVERSE -4.95 23.77 R-Squared 2009 -3.21 2002 R-Squared 2009 -4.71 -18.95 R-Squared
10 Yr POLICY 2.24 POLICY 25 Sharpe Ratio -8.65 POLICY -5.97 20.39   Sharpe Ratio YTD -5.23 6.59   Sharpe Ratio YTD -5.32 -20.72 Sharpe Ratio
0.83 1.83 29.75 Treynor Ratio 3.54 -7.02 18.37 Treynor Ratio -22.88 -6.85 -1.82 Treynor Ratio -19.01 -5.65 -24.03   Treynor Ratio
############################################### -0.63 24.33 Tracking Error Fiscal Year Returns Ending September -8.77 14.19   Tracking Error ############################################### -10.13 -7.42   Tracking Error ############################################### -8.35 2001 Tracking Error
2.29 7 Yr 23.28 Information Ratio Fund 5 Yr 2002   Information Ratio 3.24 5 Yr -12.12   Information Ratio 3.17 5 Yr 5.47   Information Ratio
9/30/1992 1.45 20.05 Fund Fund R1000G -3.43 -0.0343 2001 FUND -17.07 -0.1707 Fund 2008 5 Yr FUND 2.8 0.028 2001 FUND -19.94 -0.1994 Fund 2008 -1.69 -0.0169 -5.14   Fund #REF!
Incept 6 14.08 9 Diff 57 UNIVERSE 15   7 ############################################### N/A 9 UNIVERSE 2001   9 ############################################### 34 -13.19 -0.27 7
8.19 -1.53 2002 11 12/31/2008 -3.43 -0.0343 POLICY -22.51 -0.2251 13 -14.48   -0.93 -0.0093 POLICY 9.26 0.0926 7 -23.56 -0.79 -0.0079 -23.01   5 #REF!
6.99 51 -7.86 Batting Average 55 Qtr 57 63 50 1/0/1900 54 -2.9 68.75 1/2/1900 19 -27 0.2225 41.67
1.2 1.5 2001 FUND 1 -23.27 -23.43 -0.41 -12.11 -23.43 2007 3.51 -15.03 -22.88 2007 1.04 2000 -19.01
Fiscal Year Returns Ending September -0.39 UNIVERSE -20.49 9.72 -22.79 -2.14 -19.07 10.88 1/22/1900 1.05 -25.09 11.93 1/13/1900 -1.23 22.25 6.77
Fund -1.51 POLICY 60 32.99 ############################################### -3.14 -21.45 34.31 1/12/1900 -0.7 -41.08 34.81 1/14/1900 -2.25 13.38 25.78
S&P 500 -2.07 -10.38 -36.58 2009   -4.21 -23.71 -36.52 9.9 -2.49 2000 -32.54 -1.36 -2.53 8.39 -30.22
Diff -3.56 -17.12 Standard Deviation 13.43 YTD   -6.07 -29.04 13.35 2006 -5.69 62.14 17 2006 -4.72 3.08 13.16
12/31/2008 8 Yr -19.82 Beta 1.02 -23.43 6 Yr 2001   0.93 1/9/1900 6 Yr 39.49   Beta 0.89 11.63 6 Yr -3.5 0.83
Qtr 0.1 -21.16 Annualized Alpha 2.77 0.0277 -22.79 0.4 2000 FUND -30.23 -0.3023 -0.27 -0.0027 9.92 9.19 2000 FUND 30.15 0.3015 Alpha 3.32 0.0332   14.62 5.28 1999   -0.89 -0.0089  
-23.27 14 -25.68 R-Squared 0.94   -0.64 73 UNIVERSE 7   0.97 -0.13 6.93 UNIVERSE 19.95   0.95 ############################################### 2.98 28.08 0.1547 0.94
-21.94 -2.89 2001 -0.2 2008 1.45 POLICY -45.64 -0.4564 -0.49 2005 5.57 POLICY 9.11 0.0911 -0.29 2005 2.32 20.54   -0.87
-1.33 52 -31.06 -2.65 -17.06 53 84 -7.02 1/20/1900 4.06 1999 -5.57 1/11/1900 2.02 15.47 0.0446 -13.76
2009 1.69 2000 FUND 84 3.27 -20.88 5 Yr FUND 3.8 -29.08 2.58 1/17/1900 1.92 50.94 4.32 16.69 -1.3 11.7 4.14
YTD -1.36 UNIVERSE -26.62 0.79 3.82 UNIVERSE 2.47 -35.09 0 3 7 Yr 31.67 0.89 ############################################### 7 Yr 4.46 0.16
-23.27 -2.86 POLICY 52 Policy S&P 500 2007 POLICY 1.6 -38.5 R1000G 2004 6.28 21.4 FR2000 2004 2003 2002 2001 2000 2.84 1998 R1000V
-21.94 -3.35 -12.56 8 1/18/1900 0.24 -43.41 7 1/21/1900 3.75 11.57 7 Returns in Up Markets 0.06 9.83 6
-1.33 -6.82 -20.73 12 19.35 -1.58 -51.41 13 18.78 1.93 1.61 9 Fund -1.39 6.07 6
2008 9 Yr -26.57 45 -1.15 7 Yr 2000 50 2.72 0.41 1998 31.25 R1000V -1.77 1.83 58.33
-19.8 -1.78 -28.89 -21.94 2006 -2.66 46.3 -22.79 2003 2002 2001 2000 -2.02 -1.61 -26.12 Ratio -2.77 -0.8 -22.18
-21.98 38 -35.02 9.23 3.97 48 27.14 9.17 Returns in Up Markets 8 Yr -9.72 13.93 2 Yr 8 Yr -5.82 8
1/2/1900 -3.6 2000 31.17 6.03 -3.38 20.88 31.96 Fund 7.74 -16.12 40.05 6.6 1.94 30.18
2007 60 16.14 -37 -2.06 65 14.34 -38.44 FR2000 5.63 -20.15 -33.79 1/6/1900 -0.56 -36.85
26.79 2.74 30 12.75 2005   -0.15 8.45 14.04 Ratio 2.85 -27.66 18.6 106.3 -2.33 15.36
1/16/1900 -0.43 13.28 Standard Deviation 1 1/12/1900 -1.61 1999 1 3 Yr 0.91   1 3 Yr -3.13 1
1/10/1900 -3.07 46 0 11.6 -2.78 38.21 0 1/23/1900 -3.86 0 15.2 -3.51 0
2006 -3.85 27.56 1 0.84 -3.96 31.55 1 21.2 Fiscal Year Returns Ending September   1 1/19/1900 Fiscal Year Returns Ending September 1
13.06 -5.63 17 -0.41 2004 -5.33 27.96 -0.47 112 Fund -0.47 79.7 Fund -0.79
10.79 10 Yr 13.02 -5.29 4.17 8 Yr 26.33 -6.53 4 Yr Return -8.8 4 Yr Return #VALUE! -12.08 QU. FUND #REF!
2.27 0.83 9.15 0 7.51 -4.24 20.01 0 20.7 %-tile 0 10.8 %-tile 0 UNIVERSE
2005 27 1.34 Diff -3.34 46 1998 Diff 18.8 FR2000 Diff 14.1 R1000V #VALUE! Diff POLICY #REF!
14.04 -1.46 1999 1 2003 -5.7 16.52 0 110.1 Return 2 76.8 Return 1
12.25 60 30.59 -1 1/18/1900 68 9.1 0 5 Yr %-tile #VALUE! -2 12/31/2003 %-tile #VALUE! -1
1.79 3.78 19 10 25.91 -1.92 7.45 0 23.5 Universe 37.5 Incept Universe -16.66
2004 0.96 26.68 -1.33 -7.18 -3.17 2.95 -0.64 21.5 5th %-tile #VALUE! 3.24 11 5th %-tile #VALUE! 3.17
13.63 -0.98 41 0.49 2002 -4.51 -4.96 1.71 109.1 25th %-tile -2 14.8 25th %-tile -1.23
13.87 -1.68 36.18   1.82 ############################################### -5.93 2.35 3/31/2003 QU. FUND 50th %-tile #VALUE!   -5.24 74.5 50th %-tile #VALUE! -4.4
-0.24 -3.04 28.77 0.42 ############################################### -7.82 1.92 Incept UNIVERSE 75th %-tile 1.25 Returns in Down Markets 75th %-tile 6.63
2003 Fiscal Year Returns Ending September 24.51   0.68 5.01 Fiscal Year Returns Ending September -0.69 28.3 POLICY 95th %-tile #VALUE!   -1.6 Fund 95th %-tile #VALUE! -2.2
20.49 Fund 16.71 0.02 2001 Fund -0.07 31.2 Qtr -0.11 R1000V Qtr -0.17
24.4 Return 9.03 2.77 ############################################### Return -0.27 90.8 -22.88 -0.2288 3.32 Ratio -19.01 -0.1901 -0.89
-3.91 %-tile 1998 -0.06 ############################################### %-tile -0.03 Returns in Down Markets 17 -0.05 2 Yr 1 -0.06
2002 S&P 500 6.61 0.21 15.09 R1000G -0.02 Fund -26.12 -0.2612 0.18 -26 -22.18 -0.2218 -0.08
-7.86 Return 31 2.64 2000 Return -0.49 FR2000 52 3.23 -29.4 75 -1.68
-20.49 %-tile 10.1 3.27 Returns in Up Markets %-tile #VALUE! 2.58 Ratio -20.17 4.32 88.3 -19.87 4.14
1/12/1900 Universe 13 10 Yr Fund Universe 8 Yr 3 Yr -23.83 5 Yr 3 Yr -21.18 4 Yr Incept
2001 5th %-tile 15.53 # of Negative Qtrs R1000G 5th %-tile #VALUE! # of Negative Qtrs -25.7 -26 # of Negative Qtrs -26 -21.95 # of Negative Qtrs
-31.06 25th %-tile 7.46 # of Positive Qtrs Ratio 25th %-tile # of Positive Qtrs -30.6 -27.54 # of Positive Qtrs -29.4 -22.19 # of Positive Qtrs
-26.62 50th %-tile 3.17   Batting Average 3 Yr 50th %-tile #VALUE! Batting Average 83.9 -34.04 Batting Average 88.3 -24.36 Batting Average 2002 FUND #REF!
-4.44 75th %-tile -0.89 Worst Qtr 13.4 75th %-tile Worst Qtr 4 Yr YTD Worst Qtr 4 Yr YTD Worst Qtr UNIVERSE
2000 95th %-tile -8.95   Best Qtr 15.9 95th %-tile #VALUE! Best Qtr -24 -22.88 Best Qtr -26 -19.01 Best Qtr POLICY #REF!
16.14 Qtr 27.93 Range 84 Qtr Range -29.1 17 Range -29.4 1 Range
13.28 -23.27 -0.2327 Worst 4 Qtrs 5 Yr -23.43 -0.2343 Worst 4 Qtrs 3/22/1900 -26.12 Worst 4 Qtrs 3/28/1900 -22.18 Worst 4 Qtrs
2.86 85 Standard Deviation 1/13/1900 58 Standard Deviation 5 Yr 52 Standard Deviation 12/31/2003 75 Standard Deviation
Returns in Up Markets -21.94 -0.2194 Beta 15.4 -22.79 -0.2279 Beta -22 -20.17 Beta Incept -19.87 Beta
Fund 38 Annualized Alpha 86.3 50 Annualized Alpha -27.1 -23.83 Annualized Alpha -26 -21.18 Annualized Alpha
S&P 500 -20.5   R-Squared 8 Yr -20.31 R-Squared 81.1 2002 FUND -26   R-Squared -29.4 -21.95 R-Squared
Ratio -21.77 Sharpe Ratio 1/18/1900 -21.89 Sharpe Ratio 3/31/2003 UNIVERSE -27.54 Sharpe Ratio 88.3 -22.19 Sharpe Ratio
3 Yr -22.04   Treynor Ratio 24.2 -22.82 Treynor Ratio Incept POLICY -34.04   Treynor Ratio -24.36 Treynor Ratio 2001 FUND #REF!
26.9 -22.67 Tracking Error 77.5 -24.41 Tracking Error -22 2008 Tracking Error 2008 Tracking Error UNIVERSE
18 -24.52   Information Ratio 3/31/2000 -26.99 Information Ratio -27.1 -13.78 Information Ratio -20.81 Information Ratio POLICY #REF!
149.1 YTD Fund Incept YTD Fund 81.1 23 Fund 16 Fund
5 Yr -23.27 18 18.7 -23.43 12 -14.48 10 -23.56 7
19.8 85 22 24.2 58 20 28 10 82 9  
15.8 -21.94 55 77.5 -22.79 46.88 -9.16 70 -19.07 43.75 Batting Average
125.3 38 -23.27 Returns in Down Markets 50 -23.43 -14.29 -22.88 -21.82 -19.01
10 Yr -20.5   19.48 Fund -20.31 10.88 2001 FUND -17.49   14.17 -22.18 6.77
26.9 -21.77 42.75 R1000G -21.89 34.31 UNIVERSE -21.37 37.05 -22.85 25.78
24.1 -22.04   -36.58 Ratio -22.82 -36.52 POLICY -27.08   -32.54 -26.29 -30.22 2000 FUND #REF!
111.7 -22.67 15.25 3 Yr -24.41 14.28 2007 16 2007 11.91  N/A Standard Deviation
9/30/1992 -24.52   0.98 -32.9 -26.99 0.76 22.24 0.86 13.09 0.82   #REF! Beta
Incept 2008 2.36   -35.3 2008 -0.07 -0.0007 20 3.51 0.0351 86 -0.99 -0.0099 Annualized Alpha #REF!
26.8 -19.8 0.92 93 -17.06 0.89 12.34 0.93 14.45 0.92 R-Squared
25.5 15 -0.16 5 Yr 10 -0.49 72 -0.02 78 -0.7
105.1 -21.98 -2.52 -28.2 -20.88 -9.25 29.81 -0.35 22.93 -10.12
Returns in Down Markets 40 4.23 -30.6 32 6.3 20.77 4.8 17.32 4.25
Fund -17.99   0.54 92.1 -15.25 0.23 2000 FUND 15.19   0.78 16.09 -0.01
S&P 500 -21.1 S&P 500 8 Yr -20.07 R1000G UNIVERSE 11.98 FR2000 14.63 R1000V Policy
Ratio -22.15   17 -30.1 -22.53 13 POLICY 8.13   8 10.97 6 1999 FUND #REF!
3 Yr -23.44 23 -36.9 -25.72 19 2006 12 2006 10  N/A
-28.4 -26.55   45 81.4 -29.44 53.12 9.79 30 11.63 56.25   #REF!
-28.8 2007 -21.94 3/31/2000 2007 -22.79 30 -26.12 46 -22.18
98.5 26.79 15.39 Incept 18.2 15.14 9.92 14.09 14.62 8
5 Yr 1 37.33 -27.3 55 37.93 29 40.21 9 30.18
-23 16.44 -37 -36.6 19.35 -38.44 14.58 -33.79 15.53 -36.85
-24.1 43 15.02 74.6 46 17.78 10.38 17.95 13.04 13.88 Standard Deviation
95.4 22.84   1 27.74 1 1999 FUND 7.72   1 11.24 1
10 Yr 17.81 0 21.53 0 N/A 4.83 0 10.32 0
-26.1 16.27   1 18.79 1   2.19   1 7.31 1 1998 FUND #REF!
-27.8 15.53 -0.32 15.69 -0.48 2005 -0.22 2005 -0.6  N/A
93.7 12.47   -4.76 10.15 -8.49 20.95 -4.03 11.29 -8.26   #REF!
9/30/1992 2006 0 2006 0 35 0 73 0
Incept 13.06 Diff 3.97 Diff 17.95 Diff 16.69 Diff
-26.4 9 1 70 -1 63 2 23 1
-27.3 10.79 -1 6.03 1 26.4 -2 24.1 -1
96.6 29 10 49 -6.24 21.72 40 16.12 -12.5
13.68 -1.33 11.56 -0.64 1998 FUND 19.25 3.24 12.74 3.17
10.94 4.09 8.5 -4.26 N/A 16.53 0.08 11.06 -1.23
10.25   5.42 5.96 -3.62   11.14   -3.16 7.98 -4.4 #REF!
7.48 0.42 3.16 1.92   2004 1.25 2004 6.63
2.85   0.23 -3.37 -3.5 21.5   -1.95 23.92 -1.97 #REF!
2005 -0.02 2005 -0.24 31 -0.14 18.34 -0.18
14.04 2.36 12.44 -0.07 18.78 3.51 14.42 -0.99
38 -0.08 67 -0.11 54 -0.07 13.02 -0.08
12.25 0.16 11.6 -0.01 28.92 0.2 8.08 -0.1
57 2.24 74 -0.76 22.49 3.68 2003 -1.86
22.88 4.23 26.56 6.3 19.1 4.8 27.67 4.25
15.79 Incept Incept 18.97 Incept Incept 16.07 Incept 23.98 Incept
12.59   # of Negative Qtrs 14.4 # of Negative Qtrs 8.02   # of Negative Qtrs 21.95 # of Negative Qtrs  
11.47 # of Positive Qtrs 11.48 # of Positive Qtrs 2003 # of Positive Qtrs 19.27 # of Positive Qtrs
7.61   Batting Average 7.67 Batting Average 48.25   Batting Average 15.84 Batting Average  
2004 Worst Qtr 2004 Worst Qtr 34.58 Worst Qtr 2002 Worst Qtr
13.63 Best Qtr 4.17 Best Qtr 30.01 Best Qtr -6.38 Best Qtr
39 Range 90 Range 25.9 Range -15.42 Range
13.87 Worst 4 Qtrs 7.51 Worst 4 Qtrs 19.17 Worst 4 Qtrs -18.95 Worst 4 Qtrs
35 Standard Deviation 63 Standard Deviation 2002 Standard Deviation -20.72 Standard Deviation
19.71 Beta 17.89 Beta 6.59 Beta -24.03 Beta
14.67 Annualized Alpha 11.72 Annualized Alpha -1.82 Annualized Alpha 2001 Annualized Alpha
13.19 R-Squared 8.74 R-Squared -7.42 R-Squared 5.47 R-Squared
10.23 Sharpe Ratio 6.26 Sharpe Ratio -12.12 Sharpe Ratio -5.14 Sharpe Ratio
5.93 Treynor Ratio 2.04 Treynor Ratio -19.94 Treynor Ratio -13.19 Treynor Ratio
2003 Tracking Error 2003 Tracking Error 2001 Tracking Error -23.01 Tracking Error
20.49 Information Ratio 18.73 Information Ratio 9.26 Information Ratio -27 Information Ratio
73 Fund Fund 75 Fund Fund -2.9 Fund Fund
24.4 20 25.91 14 -15.03 10 9
25   45 19 21 -25.09 13 11
29.75 Batting Average 52.31 34.24 Batting Average 51.43 -41.08 60.87 40
24.33 -23.27 24.4 -23.43 -22.88 -19.01
23.28 22.14 21.58 10.88 14.26 9.38
20.05 45.41 18.63 34.31 37.14 28.39
14.08 -36.58 13.1 -36.52 -32.54 -30.22
2002 Standard Deviation 14.56 2002 Standard Deviation 14.58 15.6 11.27
-7.86 Beta 0.97 -17.5 Beta 0.73 0.81 0.83
1 Annualized Alpha 1.38 0.0138 18 Annualized Alpha 1.16 0.0116 2.08 0.0208 0.000208 -1.12 -0.0112
-20.49 R-Squared 0.92 -22.51 R-Squared 0.88 0.91 0.91
60 0.3 60 -0.56 0.33 -0.43
-10.38 4.49 -12.54 -11.21 6.32 -5.77
-17.12 4.14 -18.67 7.03 5.85 4.1
-19.82 0.29 -21.5 0.5 0.17 -0.22
-21.16 Policy S&P 500 -24.59 Policy R1000G FR2000 R1000V
-25.68 19 -30.7 16 8 6
2001 46 2001 19 15 14
-31.06 47.69 -30.55 48.57 39.13 60
84 -21.94 14 -22.79 -26.12 -22.18
-26.62 21.13 -45.64 15.14 23.42 10.38
52 43.07 74 37.93 49.54 32.56
-12.56 -37 -27.62 -45.64 -33.79 -36.85
-20.73 Standard Deviation 14.36 -33.35 Standard Deviation 18.66 18.35 12.98
-26.57 1 -38.5 1 1 1
-28.89 0 -46.64 0 0 0
-35.02 1 -56.07 1 1 1
0.22 -0.63 0.23 -0.3
3.16 -11.72 4.13 -3.89
0 0 0 0
Diff Diff Diff Diff
1 -2 2 3
-1 2 -2 -3
4.62 2.86 21.74 -20
-1.33 -0.64 3.24 3.17
1.01 -4.26 -9.16 -1
2.34 -3.62 -12.4 -4.17
0.42 9.12 1.25 6.63
0.2 -4.08 -2.75 -1.71
-0.03 -0.27 -0.19 -0.17
1.38 1.16 2.08 -1.12
-0.08 -0.12 -0.09 -0.09
0.08 0.07 0.1 -0.13
1.33 0.51 2.19 -1.88
4.14 7.03 5.85 4.1
-0.09
0.02
0.64
4.32