Big Lots 2009 Annual Report Download - page 182

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BIG LOTS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 8 — Employee Benefit Plans (Continued)
The investment managers have the discretion to invest within sub-classes of assets, such as those noted above
as well as manage duration exposure as they feel appropriate given current or expected market conditions.
They additionally have the authority to invest in financial futures contracts and financial options contracts for
the purposes of implementing hedging strategies. There were no futures contracts owned by the Pension Plan
at January 30, 2010 or January 31, 2009. The return expectation is to outperform a benchmark constructed in
a manner that reflects the portfolio’s risk and return objectives. Currently that benchmark is made up of the
Morningstar Average Asset Allocation Fund and the following indices: Lehman Intermediate Aggregate, S&P
500 Index, Russell 1000, Russell 2000, MSCI EAFE, and Wilshire REIT. Investment results are compared to
market performance metrics on a quarterly basis.
The fair value of our Pension Plan assets at January 30, 2010 by asset category was comprised of the following:
Total Level 1 Level 2 Level 3
(In thousands)
Cash and Cash Equivalents ........................... $ 6,620 $ 6,620 $ — $—
Equity Securities
Consumer Discretionary . . . . . . . . . . . . . . . . . . . . . . . . . . . . 703 703 — —
Consumer Staples ................................. 115 115 — —
Energy .......................................... 104 104 — —
Financial ........................................ 380 380 — —
Health Care ...................................... 139 139 — —
Industrials ....................................... 264 264 — —
Information Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . 421 421 — —
Materials ........................................ 313 313 — —
Telecommunication Services ......................... 75 75 — —
Utilities ......................................... 214 214 — —
Mutual Funds (a)
Diversified Emerging Markets . . . . . . . . . . . . . . . . . . . . . . . 1,214 1,214 — —
Inflation-Protected Bond ............................ 51 51 — —
Intermediate-Term Bond ............................ 307 307 — —
International Large Blend . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,494 2,494 — —
International Large Value . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1 — —
Large Blend ...................................... 10,290 10,290 — —
Large Growth .................................... 2,189 2,189 — —
Large Value ...................................... 3,643 3,643 — —
Long-Term Bond .................................. 187 187 — —
Mid-Cap Blend ................................... 2,456 2,456 — —
Mid-Cap Value ................................... 1,629 1,629 — —
Real Estate ....................................... 2,521 2,521 — —
Short-Term Bond .................................. 301 301 — —
Short-Term Government ............................ 151 151 — —
Small Blend ...................................... 2,495 2,495 — —
Small Value ...................................... 864 864 — —
Small-Cap Blend .................................. 949 949 — —
World Allocation .................................. 985 985 — —
Fixed Income Securities
U.S. Government .................................. 7,744 1,602 6,142 —
Corporate (b) ..................................... 7,046 — 7,046 —
Total .............................................. $56,865 $43,677 $13,188 $—
(a) Mutual funds are listed by their respective investment strategy as classified by Morningstar Inc.
(b) This category represents investment grade bonds of corporate issuers from diverse industries.