Owens-Illinois 401k (LTSP) Plan PSDS Scan 12-31-2010

The Owens-Illinois 401k (LTSP) plan for hourly U.S. employees was scanned last year. The mutual funds in the plan are all Harbor funds including Harbor Target Retirement Funds that did not yet have 5yr data and were not in last years scan. This year I used the asset allocation data for these funds to compute 5yr return data for HARAX, HARFX, HARJX, HARPX and HARYX for this years scan. These funds have high yields compared to other target date funds. The Balanced portfolio invested more in these funds than I usually see for target date retirement funds and the GIC, the bond fund HABDX and HARAX are the largest holdings of the Balanced portfolio. That portfolio improved over last year and has a 5yr APR = 5.20 with a Sharpe ratio of 2.28. I have no new data on the employee portfolio which invested 20% of that portfolio in company stock OI last year. The stock has a nice return but is very volatile. Keep in mind that volatility kills compounding. The 5yr average return for OI was 25% but the annualized 5yr return was only 7.85% the last 5 years.