The Cerner Corp. 401k plan scan caused me to change my point of view literally. I will describe the reasons later in a White Paper. The Balanced portfolio for the Cerner plan continues to be helped by company stock CERN but not as much as last year. The employee portfolio invested 51.3% of their money in company stock which has double digit positve returns for the last 15, 10, 5, 3 and 1 year periods. Surprisinly Morningstar rates the stock at only 1 star most probably because it is very volatile. The employee portfolio has a 5yr APR = 9.83% with a positive Sharpe ratio of 0.254. The Balanced portfolio's largest holding is the stable value fund SVF.hpx in the scan at 28.2% of the portfolio versus 58.3% last year and has a 5yr APR= 5.79% with a Sharpe ratio of 1.13.
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