Northrop Grummnan 401k (FSSP) Scan 12/31/2008

As before the SMA fund performance data in the plan are taken from the plan web site. I kept the Stable Value Fund (SVF) in the scan and in this "Black Swan" market it was the place to be. The Balanced portfolio has most of the money invested in it too but also has some money in each of the other funds with positive 5yr Sharpe ratios, USFIF and EMFF. The company stock fund has a small negative 5yr return.