Pactiv 401k (SIP) Plan PSDS Scan 12-31-2010

Reynolds Group Holdings Limited bought Pactiv Corp. in 2010 and the stock PTV is no longer active. Each share of stock was converted into the right to receive $33.25 in cash per share. The 401k portfolio design scan did NOT include PTV stock in the scan.

The Balanced portfolio largest holding was the bond fund PTTRX (34.8%) which had a higher APR than the equity options. The Balanced portfolio return was 5yr APR = 5.86% with a Sharpe ratio of 1.28. I am bothered a bit by the almost 50% of that portfolio invested in Target Date Retirement funds that are highly correlated by design. They are good funds but diversification is a concern. The employee portfolio invested much less in those funds and had a 5yr APR =4.34% with a small positive Sharpe ratio. All in all a good plan.