Badger Meter Inc. 401k (ESSOP) PSDS Scan 12-31-2011

This 401k contains a Mass Mutual GIA with a Sharpe ratio over 6 which over weights the GIA fund  in the Balanced portfolio. The market risk for these insurance products over a 5 year period is higher than the Sharpe ratio would indicate in my opinion. If you cap the Sharpe ratio at 3 for example the Balanced portfolio is better "balanced".