Through December 31, 2004

 

OCEAN PARK INVESTORS

2004

FUND NET OF FEES*

SP500

NASDAQ

DJIA

January

+2.43

+1.73

+3.13

+0.33

February

-0.18

+1.22

-1.76

+0.91

March

+0.40

-1.64  

 -1.75 

-2.14

First Quarter 2004

+2.66

+1.29

-0.46

-0.92

April

-5.05

-1.68

-3.71

-1.28

May

+2.54

+1.21

+3.47

-0.36

June

+3.49

+1.80

+3.07

+2.43

Second Quarter 2004

+0.70

+1.30

+2.69

+0.75

July

-5.19

-3.43

-7.83

-2.83

August

-1.44

+0.23

-2.61

+0.34

September

+3.26

+0.94

+3.20

-0.92

Third Quarter

-3.57

-2.30

-7.37

-3.40

October

+1.13

+1.40

+4.12

-0.52

November

+3.51

+3.86

+6.17

+4.00

December

+2.60

+3.25

+3.75

+3.40

Fourth Quarter

+7.44

+8.73

+14.69

+6.97

Year End 2004

+7.07

+8.99

+8.59

+3.15

 

OCEAN PARK RETIREMENT

2004

FUND NET OF FEES*

SP500

NASDAQ

DJIA

January

+2.36

+1.73

+3.13

+0.33

February

-0.17

+1.22

-1.76

+0.91

March

+0.32

-1.64  

 -1.75 

-2.14

First Quarter

+2.52

+1.29

-0.46

-0.92

April

-5.30

-1.68

-3.71

-1.28

May

+2.58

+1.21

+3.47

-0.36

June

+3.36

+1.80

+3.07

+2.43

Second Quarter

+0.34

+1.30

+2.69

+0.75

July

-5.11

-3.43

-7.83

-2.83

August

-1.39

+0.23

-2.61

+0.34

September

+3.08

+0.94

+3.20

-0.92

Third Quarter

-3.59

+1.44

+2.73

+0.45

October

+1.17

+1.40

+4.12

-0.52

November

+3.49

+3.86

+6.17

+4.00

December

+2.54

+3.25

+3.75

+3.40

Fourth Quarter

+7.41

+8.73

+14.69

+6.97

Year End 2004

+6.49

+8.99

+8.59

+3.15

 

 

*The percentages in this column are pro forma.  Actual results for most investors will vary because
most investors are below their high water marks and therefore will not be charged performance fees. For
such investors, year to date results for
OPI are +8.84%, and year to date results for OPR are +8.12%.

 

Performance data for OPI and OPR reflect the reinvestment of dividends and other earnings on the
funds’ assets.  Performance data for the major indices reflect only changes in the value of those indices,
and would be higher if dividends were included.  However, the index data do not reflect fees that would
be paid to index fund managers and transaction costs that would be incurred when their component
stocks are bought or sold, while
OPI’s and OPR’s data do reflect quarterly fees and expenses incurred by
the fund.