The Safeway plan has GICs and and a stable value invesment option but few mutual funds. The GICs were represent by a UBS GIC and FUND G from the US Government 401k represented the SEI stable asset fund. The Balanced portfolio is invested in these two options and PTTRX. Company stock, SWY, is the second largest investment in the employee portfolio as of the 12/31/2007 SEC 11-k filing.
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Thanks for the comment Chris. The UBS GIC portfolio is a proxy for all the GIC contracts in the plan. The proxy has 5yr data that provides information on the standard deviation and Sharpe ratio needed to do a design scan. In many plans there are hundreds of GIC contracts accumulated over many years and I use the UBS GIC portfolio as a proxy for them. Thanks again.
1 comment:
I am curious on the Safeway plan could have both a UBS GIC and the SEI fund on the same platform. ie Competing funds
I am the former "wrapper" of SEI etc. and that is not allowed in the contract. Maybe I am missing something.
Chris Tobe, CFA, CAIA
Breidenbach Capital Consulting
Chris@4bcap.com
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