Hollywood Police Officers' Pension Fund
Compliance Report
March 31, 2007
							YES	NO
TOTAL FUND RETURNS
1.	Did the total 3-year return exceed the policy, which is comprised of 33% S&P500, 10% R1000G, 7% R1000V, 4% R2000, 23% LBIGC and 23% LBGC? [7.38 vs. 6.81]
2.	Did the total 5-year return exceed the policy, which is comprised of 33% S&P500, 10% R1000G, 7% R1000V, 4% R2000, 23% LBIGC and 23% LBGC? [6.47 vs. 6.19]
COMBINED EQUITY
1.	Is the amount invested in all issuing companies less than 5% of the Fund's total market value?
2.	Is the aggregate investment in all companies less than 5% of the outstanding stock of the company?
3.	Is the amount invested in foreign securities less than or equal to 10% of the Fund's total assets?
INDIVIDUAL  EQUITY
Inverness
1.	Did the equity return equal or exceed the S&P500 over the trailing 3-year period?                                                                  [11.89 vs. 10.06]
2.	Did the equity return equal or exceed the S&P500 over the trailing 5-year period? [8.20 vs. 6.27]
3.	Is Inverness' trailing 5-year standard deviation below the standard deviation of the S&P500?                                      [11.14 vs. 12.19]
4.	Did the 3-year equity return rank in the top 50% of the Mobius Broad Large Cap Core Universe? [21st]
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INDIVIDUAL EQUITY (continued)
5.	Did the 5-year equity return rank in the top 50% of the Mobius Broad Large Cap Core Universe? [21st]
6.	Did the equity return rank in the top 75% of the Mobius Broad Large Cap Core Universe for one of the last 2 quarters or for the last year? [1yr: 26th]
7.	Did Inverness' equity performance fall outside the southeast quadrant of the risk/return scattergram over the 3-year period?
8.	Did Inverness' equity performance fall outside the southeast quadrant of the risk/return scattergram over the 5-year period?
9.	Has Inverness' trailing 3-year equity return outperformed its index for at least 1 of the last 4 quarters? [3.10 vs. 0.64, 11.11 vs. 10.44, 13.58 vs. 12.30, 12.54 vs. 11.22]
10.	Has Inverness' trailing 5-year equity return outperformed its index for at least 1 of the last 4 quarters?  [8.20 vs. 6.27, 8.26 vs. 6.19, 10.22 vs. 6.97, 5.40 vs. 2.49]
11.	Has Inverness' equity annualized alpha been positive for the last 3 years? [1.94]
Davis Hamilton Jackson
1.	Did the equity return equal or exceed its R1000G index during the trailing 3-year period?                           [5.96 vs. 7.01]
2.	Did the equity return equal or exceed its R1000G index during the trailing 5-year period?                                 [2.63 vs. 3.47]
3.	Is DHJ trailing 5-year standard deviation below the standard deviation of its R1000G index?                                                                                               [11.21 vs. 12.88]
4.	Does the 3-year equity return rank in the top 50% of the Mobius Broad Large Cap Growth Core Universe? [92nd]
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INDIVIDUAL EQUITY (continued)
5.	Did the equity return rank in the top 75% of the Mobius Broad Large Cap Growth Core Universe for one of the last 2 quarters or for the last year? [Quarter: 6th]
6.	Has DHJ equity performance fallen outside the southeast quadrant of the risk/return scattergram over the 3-year period?
7.	Has DHJ quarterly equity return outperformed its index for at least 1 of the last 4 quarters?                                          [2.59 vs. 1.19, 2.88 vs. 5.93, 2.08 vs. 3.94, -3.66 vs. -3.90]
8.	Has DHJ equity annualized alpha been positive for the last 3 years? [-0.61]
Eagle Asset Management
1.	Did the equity return equal or exceed its R2000 index during the trailing 3-year period?                           [16.55 vs. 12.00]
2.	Did the equity return equal or exceed its R2000 index during the trailing  4-year period?                           [22.04 vs. 23.17]
3.	Is Eagle's trailing 3-year standard deviation below the standard deviation of its R2000 index?                                                                                               [10.84 vs. 13.67]
4.	Does the 3-year equity return rank in the top 50% of the Mobius Broad Small Cap Universe?                       [6th.]
5.	Did the equity return rank in the top 75% of the Mobius Broad Small Cap Universe for one of the last 2 quarters or for the last year? [1yr: 4th]
6.	Has Eagle's equity performance fallen outside the southeast quadrant of the risk/return scattergram over the 3-year period?
7.	Has Eagle's quarterly equity return outperformed its index for at least 1 of the last 4 quarters?                    [5.79 vs. 1.95, 9.83 vs. 8.90, -0.29 vs. 0.44, -2.59 vs. -5.02]
8.	Has Eagle's equity annualized alpha been positive for the last 3 years? [6.93]