The UCM Foundation Investment Fund has returned 11.61% over the spring semester, outperforming the Russell Midcap Index. The portfolio saw strong returns starting in April. Two holdings, Chipotle Mexican Grill and Perrigo, were sold due to underperforming the fund's criteria. Overall, the fund experienced solid performance this semester despite volatility in energy markets and a weak start to the year in global markets.
Kayleigh Baker - Unlocking Investment and Finance in EMDEs Final ProjectKayleigh Baker
Â
this assignment I am conducting a presentation to the investment team in a large, well established pension fund with a goal of convincing the team that we should gain exposure to emerging markets and developing economies in our investment selections. I have selected a well-founded Indian Infrastructure fund that has excellent credibility and very high potential for considerable gains.
The purpose of my presentation is to show the importance of environmental and social governance factors have on consumer investment choices and how this will impact the future of the superannuation and pension industry. As well as the opportunity for early adoption into these practices.
Looking for top SBI schemes to invest online then this piece of content is suitable for you. Look at the complete investment details of SBI schemes and invest your money according to your goals.
Kayleigh Baker - Unlocking Investment and Finance in EMDEs Final ProjectKayleigh Baker
Â
this assignment I am conducting a presentation to the investment team in a large, well established pension fund with a goal of convincing the team that we should gain exposure to emerging markets and developing economies in our investment selections. I have selected a well-founded Indian Infrastructure fund that has excellent credibility and very high potential for considerable gains.
The purpose of my presentation is to show the importance of environmental and social governance factors have on consumer investment choices and how this will impact the future of the superannuation and pension industry. As well as the opportunity for early adoption into these practices.
Looking for top SBI schemes to invest online then this piece of content is suitable for you. Look at the complete investment details of SBI schemes and invest your money according to your goals.
Julia Butler - The Fiduciary Group - Best Practices for Meeting Fiduciary Dut...Downey Brand LLP
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In her presentation at the 2015 Savannah Fiduciary Seminar, Julia Butler of the Fiduciary Group describes how plan sponsors, trustees, and investment committees can best meet their fiduciary duties to manage the planâs investments. She outlines what should be in an effective Investment Policy Statement, and lays out the fiduciary processes to select, monitor, and replace the planâs investment options. She also explains how a Section 3(38) fiduciary investment advisor can significantly reduce or eliminate a plan sponsorâs fiduciary liability for plan investments.
A Study on the Performance of Mutual Fund Scheme in IndiaIJAEMSJORNAL
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A mutual fund is a trust that encompasses the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realized is shared by its unit holders in proportion to the number of units owned by them. Thus, Mutual Fund is one of the most effective instruments for the small & medium investors for investment and offers opportunity to them to participate in capital market with low level of risk. It also provides the facility of diversification i.e. investors can invest across different types of schemes. Indian Mutual Fund has achieved a lot of popularity since last two decades. For a long time UTI enjoyed the monopoly in mutual fund industry. But with the passage of time many new players came in the market and thus the mutual fund industry faces a lot of competition. Now a day this industry has become the major player of the financial system. Therefore it becomes important to investigate the mutual fund performance at continuous basis. The wide variety of schemes floated by these mutual fund companies gave wide investment choice for the investors. Among wide variety of funds equity, diversified fund is considered as substitute for direct stock market investment. In present paper an attempt has been made to investigate the performance of the open ended, growth oriented, equity diversified schemes on the basis of return and risk evaluation. The analysis was achieved by assessing various financial tests like Average Return, Standard Deviation, Beta, Coefficient of Determination (R2), Alpha, Sharpe Ratio and Treynor Ratio whose results will be useful for investors for taking better investment decisions. The data has been taken from various websites of mutual fund schemes and from amfiindia.com. The analysis depicts that majority of funds selected for study have outperformed under Sharpe Ratio as well as Treynor Ratio.
Julia Butler - The Fiduciary Group - Best Practices for Meeting Fiduciary Dut...Downey Brand LLP
Â
In her presentation at the 2015 Savannah Fiduciary Seminar, Julia Butler of the Fiduciary Group describes how plan sponsors, trustees, and investment committees can best meet their fiduciary duties to manage the planâs investments. She outlines what should be in an effective Investment Policy Statement, and lays out the fiduciary processes to select, monitor, and replace the planâs investment options. She also explains how a Section 3(38) fiduciary investment advisor can significantly reduce or eliminate a plan sponsorâs fiduciary liability for plan investments.
A Study on the Performance of Mutual Fund Scheme in IndiaIJAEMSJORNAL
Â
A mutual fund is a trust that encompasses the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realized is shared by its unit holders in proportion to the number of units owned by them. Thus, Mutual Fund is one of the most effective instruments for the small & medium investors for investment and offers opportunity to them to participate in capital market with low level of risk. It also provides the facility of diversification i.e. investors can invest across different types of schemes. Indian Mutual Fund has achieved a lot of popularity since last two decades. For a long time UTI enjoyed the monopoly in mutual fund industry. But with the passage of time many new players came in the market and thus the mutual fund industry faces a lot of competition. Now a day this industry has become the major player of the financial system. Therefore it becomes important to investigate the mutual fund performance at continuous basis. The wide variety of schemes floated by these mutual fund companies gave wide investment choice for the investors. Among wide variety of funds equity, diversified fund is considered as substitute for direct stock market investment. In present paper an attempt has been made to investigate the performance of the open ended, growth oriented, equity diversified schemes on the basis of return and risk evaluation. The analysis was achieved by assessing various financial tests like Average Return, Standard Deviation, Beta, Coefficient of Determination (R2), Alpha, Sharpe Ratio and Treynor Ratio whose results will be useful for investors for taking better investment decisions. The data has been taken from various websites of mutual fund schemes and from amfiindia.com. The analysis depicts that majority of funds selected for study have outperformed under Sharpe Ratio as well as Treynor Ratio.
Perception of investors in Kolkata towards mutual fund investmentsDevesh Kedia
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The study focuses on the perception of investors in Kolkata towards investments in general and Mutual Funds in particular. It tries to understand the awareness level of investors in Kolkata regarding Mutual Funds, their preferences in terms of investments, important factors considered while making investments, preferred sources of Mutual Fund purchases, their expectations from their investments in general and MF in particular.
A STUDY ON AWARENESS OF INVESTORS ABOUT THE MUTUAL FUND INVESTMENTS IN MUSIRI...IAEME Publication
Â
Mutual Fund is a vehicle that attracts small and medium investors, thus strengthen the capital market. There are many reasons to invest in mutual funds such as dividend declarations, tax benefits, lesser risk, and value of assets, cost etc. The mutual fund industry in india has undergone a most successful phase in the last 10 years. The AUM has shown a tremendous growth since inception from Rs.25 crore in 1965 to Rs.701443 crore in March 2013. The growth in number of schemes offered by Indian mutual funds from 403 schemes in 2002-03 to 1294 schemes in 2011-12 has shown the inclination of investors towards mutual fund. The resources mobilized by public sector funds is Rs. 314706 crore in 2002-03 and reached to a high of Rs.10, 019,023 crore in 2009-10 of which the share of public sector mutual fund is around 80 percent of the total fund mobilized.
2
Ashley Ann Abron
October 9, 2018
EDU 3003
Pro. Morrison
Content Review
1. Consider what you have learned about why we assess young children. Based on pages 33-35 of Assessing and Guiding Young Children's Development and Learning and the video segment "Overview of Assessment"," briefly explain the importance of developmentally appropriate assessments.
The importance of developmentally appropriate assessments is to learn about the child. Assessments support the teacher in educating that child according to their particular development. It is part of the teaching learning process; it is part of everything that teachers do in the class.
Assessments are developmentally appropriate. Children learn and assess best when they are in care of a trusted individual. Individuals should be responsive to the child as an individual because that too is part of developmentally appropriate practice. Cultural appropriateness is also needed for validity of assessments.
2. Policymakers, the early childhood profession, and other stakeholders in young children's lives have many shared responsibilities regarding effective assessment (NAEYC & NAEC/SDE, 2003, p. 4). Using the information presented on pages 3â6 of Assessing and Guiding Young Children's Development and Learning, explain the responsibilities of each of these groups in ensuring effective assessment.
The responsibilities of each group tie in with one another. The organizations take informed positions on significant, controversial issues affecting the education and development of young children. These organizations take on issues related to curriculum implementation and development to ensure that children are learning at an age appropriate lever. The organizations also have a purpose and use of assessment data of the students. The data reveals the benefits and risks in accountability systems for early childhood programs. These programs also stimulate investments needed to create accessible, affordable, high-quality learning environments and professional development that support the implementation of excellent early childhood curriculum, assessment, and program evaluation (McAfee, 2016).
However, all of this information is according to text. As an individual who has worked in NAEYC accredited centers, some of these details are often overlooked once a school receives accreditation. The process should be ongoing and some type of assurance that schools are consistently fulfilling their obligation of quality childcare services.
3. Each child approaches, interacts, and processes their world in unique ways. Effective assessment takes this uniqueness into account through sensitivity to individual abilities and linguistic, social, and cultural differences. Review pages 18â24 of Assessing and Guiding Young Children's Development and Learning, and explain, using examples, why sensitivity to each of these factors is such an important component of effective assessment. Then, summarize the r.
This presentation by Mitsumoto Akiyo was made at the High-level Global Symposium on Financial Education: Promoting Long-term Savings and Investments in Korea which explored policies and good practices for supporting long-term savings and investments through financial education and financial consumer protection. Find out more at http://www.oecd.org/daf/fin/financial-education/globalsymposiumonfinancialeducationforlong-termsavingsandinvestments.htm
SBI Magnum Multicap Fund: An Open-ended Growth Scheme - May 17SBI Mutual Fund
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SBI Magnum Multicap Fund provides investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum and in debt and money market instruments. To learn more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-multicap-fund
3. The UCM Foundation Investment Fund
ď§ Over the semester, the UCM Foundation Investment Fund has returned 11.61 percent.
ď§ The portfolio has seen strong returns starting in the month of April, beating the Russell Midcap
by 3.02 percent.
Table of Contents
Fund History 2
Welcome Letter from the CEO 3
Performance Summary 5
Economic Commentary 6
Portfolio Report 8
Investment Fund Coordinators 10
Schedule of Investments 11
Executive Team 14
Committees 15
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
1
4. Fund History
On February 11, 2013, the UCM Foundation approved $500,000 for
a new Student Managed Investment Fund at the University of
Central Missouri within the Harmon College of Business and
Professional Studies. This marked one of the most significant
investments which the Foundation has made toward any single
program and demonstrates the Foundationâs commitment to creating
greater learning opportunities for UCM students.------------------------
Foundation executive director Jason Drummond stated that the
purpose of the fund is to: âGive students real-world exposure in
performing detailed analysis of potential investments, security
selection and performance. It also will give them an opportunity to
develop the communication skills needed to successfully discuss their
recommendations and performance with the Foundation Board
Investment Committee.â
The state-of-the-art digital technology was made possible through a
gift from Forbes to the UCM Foundation. Donn G. Forbes graduated
from University of Central Missouri in 1952 with a Bachelor of
Science degree in Business Administration. Forbes wanted to make
an investment into a facility that thousands of students can use for
years to come. In addition, he believed in providing students with the
opportunity to learn about making decisions with integrity.--------==-
In the Fall of 2013, the department of Finance dedicated a separate
course to manage the fund, and the UCM Foundation Student
Managed Investment Fund was born. Under the guidance of Dr.
James Cicon, students enroll in the course and gain realistic
experience by performing detailed investment analyses with the
Bloomberg Terminals. Students then have to present their
recommendations with their management teams to the class.
=========
Management Team
Hassaan Kidwai
Chief Executive Officer
Jacob Bertram
Lead Portfolio Manager
Rachel Williams
Lead Economist
Nick Howerton
Executive Committee
Nathan Smith
Executive Committee
Robert Bickel
Portfolio Committee
Andrea Phillips
Portfolio Committee
Eric Siebenshuh
Portfolio Committee
Jesse Ismert
Economics Committee
Calab Benhardt
Economics Committee
Alina Kryshchendyuk
Economics Committee
Fund Coordinators
Jason Drummond, UCM
Foundation Executive Director
Dr. Roger Best, Dean
Dr. Jose Mercado, Department
Chair
Dr. James Cicon, Professor
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
2
5. Welcome Letter from the CEO
âKnow what you own, and know why you own it." - Peter Lynch
This quote from one of the greatest investorâs Peter Lynch is, perhaps,
the reason why the SMIF students are well versed and committed to
internal and external growth. The SMIF program provides an in-
class setting for students to use what they have learned in other
classes by actively investing in the stock market. It has been my
privilege to serve as CEO of the fund this semester, and I am honored
to provide an update on our performance and recent developments.
The Spring 2016 saw a good mix of new talent and excitement among
the students. All students are held at the highest level and the
quality of work is expected to be nothing less than that of a
professional analyst. As someone who participated in the Program
last semester, it was a great opportunity to watch the new analysts
implement new strategies, and new outlooks on portfolio
management should be managed. Offering of this course at an
undergraduate level is a once in a lifetime opportunity that allows us
to gain hands-on experience in the investment industry. The SMIF
provides a unique perspective change from students learning about
theory into analysts implementing practices.
Description
The Student Managed Investment Fund is a student-run class that
functions as the management and analyst team for an equity
investment portfolio. Students are assigned to three teams,
consisting of the executive team, portfolio management team, and the
economics team. The Student Analysts carefully implement the
investment strategy by employing the top down philosophy. Students
monitor trends in macroeconomics factors such as interest rates,
Federal Reserve policy, inflation, and the state of the overall economy.
This research culminates in a report and a presentation to the class
that serves as the analystâs investment recommendation. This
process not only requires in depth research, but also detailed Excel
modeling. In addition, students are encouraged to write and speak
concisely and persuasively. A great investment idea is nothing if the
students cannot sell it and this where the presentation skills come in
to play. Being able to present the idea effectively and answer difficult
questions during the Q&A session are some of the most important
skills learned within the course.
Hassaan Kidwai
CEO
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
3
6. Strategy/Performance
The primary goal for all the committees within the SMIF was to fight
the drop in the market which occurred in January of 2016, as well as,
the presidential elections that will be taking place this year. The
UCM investment policy entails the SMIF Fund will invest exclusively
in US equities, and fixed income securities. The Fund may invest in
large-cap stocks ($10 billion to $100 billion market cap), and mid-cap
stocks ($2 to $10 billion market cap). The other strategic goal for the
semester is to grow the number of securities to 35, which by the end
of the semester we should be able to attain.
To monitor the risk of the portfolio, attribution analysis and standard
portfolio risk measures were utilized. No more than 5% of the fair
market value of the fund shall be invested in any security at the time
of purchase. No more than 20% shall be invested in any industry
sector at the time of purchase. At no time will any security comprise
more than 10% of the fair market value of the fund. And if a security
falls below 15% of purchase price, then it will be determined if the
current position of the security is consistent with the portfolio risk
and return objectives
Closing Remarks
While inexperience relative to professionals within the investment
industry, each of the students in this class took the responsibility of
managing this fund seriously. The nature of the markets is such
that each action will not result in a positive outcome, but I assure
you that we exercised diligence and care in making our decisions.
I would also like to take this opportunity to thank Professor Cicon
for the investment of his time and effort in instructing this class.
The role of the instructor in this class treads a fine line between
providing enough guidance and allowing students to figure things
out on their own. I think that I speak for the class when I say
Professor Cicon struck that balance very well.
With that, I would like to thank my classmates for a great semester
and wish everyone a fantastic summer!
Best Regards,
Hassaan Kidwai
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
4
7. Performance Summary
Returns as of March 31st 2016
Inception (11/30/13) One Year (3/31/2016) Semester (12/31/15)
SMIF 21.28% -5.47% 11.61%
Russell Mid 15.98% -5.70% 16.28%
Top 10 Performers % of Portfolio Bottom 10 Performers % of Portfolio
USG Corp 4.50% Perrigo Co PLC 3.82%
Mead Johnson Nutrition 1.75% Cerner Corp 4.35%
McCormick & Co. Inc. 2.74% Caseyâs General Stores Inc. 1.87%
Bank of Hawaii 5.25% Valero Energy Corp 1.06%
Materials Select Sector 1.79% Under Armour Inc. 5.88%
Church & Dwight 2.74% Activision Blizzard 7.40%
SLM Corp 3.15% Raymond James Financial 4.20%
Industrial Select Sector 1.94% Chipotle Mexican Grill Inc. 3.26%
Home Depot Inc. 2.64% Jetblue Airways Corp 2.09%
NXP Semiconductors 5.35% Snap-on Inc. 6.56%
The University of Central Missouriâs Investment Fund Semester-End Report, Spring 2016
Industry Sector Allocation
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
Finance (15.29)
Transportation (2.09)
Consumer Services (8.00)
Retail Trade (10.69)
Consumer Durables (13.96)Consumer Non-Durables
(11.85)
Health Technology (3.82)
Health Services (5.82)
Eletronic Technology (5.35)
Energy (1.06)
Industrial Services (1.94)
Technology Services (11.23)
Non-Energy Minerals (6.29) Cash (2.59)
5
8. Economic Commentary
Although the United States experienced continued growth and robust
job creation, the global economy in 2015 had unexpectedly low growth
across many regions relative to expectations and even relative to the
more subdued growth in recent years. The downward shift in growth
has both a broader, longer-term aspect, as it has applied to both many
advanced economies and emerging markets continuously over the
last five years, and a more acute presentation over the last year and
into the beginning of 2016 arising in large part from developments in
emerging markets.
The economy continued to strengthen during 2015, especially in the
labor market with robust employment gains and continued declines
in unemployment. Job growth continued to exceed 200,000 a month
for the year as a whole, extending the longest streak of uninterrupted
private-sector job growth on record and contributing to an American
recovery that has outpaced most other advanced economies. Demand
is strong is the United States, especially in the household sector, and
will continue to support solid growth in 2016.
Over the course of the year, developments in U.S. financial markets
largely reflected diminished prospects for global growth, particularly
in China and other emerging markets, and expected tightening of
monetary policy. At the same time, consensus forecasts of long-run
U.S. interest rates have fallen, following the long downward trend
that reflects a variety of factors ranging from demographics to
changing term premiums.
U.S. Economy
The U.S. economy continued to grow in 2015, as the recovery
extended into its seventh year with widespread growth in domestic
demand, strong gains in labor markets and real wages, and low
inflation. Real gross domestic product (GDP) increased 1.8 percent
during the four quarters of the year, down from 2.5-percent growth
during 2013 and 2014. In 2015, residential investment led the growth
in demand, while consumer spending again rose solidly. Weak growth
among our foreign trading partners restrained exports, and
government purchases increased modestly after falling for most of
the preceding five years. The unemployment rate fell 0.6 percentage
points during the 12 months through December, after falling a
percentage point a year, on average, during the three preceding years.
Challenges remain for 2016, including uncertain prospects for global
growth, constraints posed by slowing trend growth in the labor force
due to demographic shifts, and the yet incomplete labor market
recovery.
Hassaan Kidwai, Jacob
Bertram, Rachel William
Executive Team
Note: Shading denotes recession
Source: Bureau of Labor Statistics, Current
Population Survey.
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
6
9. Oil Industry
The price of oil, as measured by the spot price of European light crude
oil from the North Sea (known as Brent), is up to $45.50 per barrel at
the end of March 2016, about the highest level it has been since
August of 2015. The oil-price decline from the mid-2014 to the end of
2015 reflected both increased global supply of oil, including rising
production in the United States, Saudi Arabia, and Iraq, and slower
global economic growth. Non-energy commodity prices also declined
over this period, a sign of a weakening global demand. But the non-
energy commodity prices decline of about 25 percent was
considerably less than the about 65 percent decline in oil prices,
pointing to the role of oil supply in lowering prices. The lower oil
prices directly boosted real GDP growth by 0.2 percentage point
during 2015. In addition, the decline in oil prices noticeably held
down price inflation and supported real income growth in 2015. Oil
and commodity prices continued to fall sharply in early 2016 and are
likely to continue to affect consumers and energy producers.
U.S. Interest Rates
In December, 2015, the Federal Open Market Committee (FOMC)
increased the target range for the federal funds rate by 0.25
percentage point, ending seven years at its effective lower bound. The
FOMCâs decision to tighten monetary policy was based on its
judgement that labor markets had improved considerably and that it
was reasonably confident that inflation would move up over the
medium term to its 2 percent objective.
Best Regards,
Hassaan Kidwai
Source: Energy Information Administration;
Financial Times; Standard & Poorâs
Source: Bloomberg Professional Service
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
7
10. Portfolio Report
The Student Managed Investment Fundâs year-to-date return is
11.61 percent, 467 basis points below from the Russell Midcap Indexâs
performance of 16.28 percent over the same period. With the large
influx of excited new students this semester, we adopted a bearish
investment strategy. Aggressive strategies were put on hold in order
to give a new generation of students a hands-on understanding of the
Bloomberg system and the SMIF Investment Policy. An in-depth
analysis of all current holdings was conducted to measure the
portfolioâs risk exposure and its correlation with the Russell Midcap
Index. After analytics were completed, committee leaders developed
a strategic allocation strategy, which ultimately lead to the removal
of two prior holdings and plans for a major weight redistribution in
both individual securities and GICS Sectors.
Portfolio Strategy & Outlook
Oil Prices
Oil prices for the year continued to collapse into early February
hitting record lows as oil producing countries struggled to cope. Prices
have recovered slightly, finishing at $38.34 a barrel on March 31st,
in part to OPECâs production freeze. As a result of such recent
volatility, we paid close attention to the fundâs exposure to energy
markets and holdings whose performance directly correlate to crude
prices.
First Quarter
Equity markets fell behind early on in 2016 dropping 6% in the first
week of trading. Global concerns with the collapse of oil commodities
fueled instability within markets during the first half of the quarter.
(As seen on the VIX index pg.9) As these concerns faded toward the
end of the quarter, stock markets rallied aggressively allowing the
portfolio to recover. Further geo-political crises and economic
weakness may cause a revival of volatility in the second quarter.
Recent Actions & Valuation Methods
During our analysis of current holdings, students found that three
names violated the SMIF Investment policy; Chipotle Mexican Grill
(CMG), Perrigo (PRGO), and SLM Corp (SLM). Should any security
fall below 15% of purchase price, it must be reevaluated on its current
position and consistency with the portfolio risk and return objectives.
Jacob Bertram
Portfolio Manager
SMIF YTD Return of 9.414%
*Till March 31, 2016
RMC YTD Return of 14.18%
*Till March 31, 2016
The University of Central Missouriâs Investment Fund Semester-End Report, Spring 2016The UCM Foundation Investment Fund Semester-End Report, Spring 2016
8
11. Quantitative and qualitative data was then gathered in order to
This determines whether to hold or sell each security. Quantitative
data consisted of; a review of financial statements, ratio analysis,
Value Line calculations, implementation of the Gordon-Growth
Model and the Dividend Discount Model (FCFE) to determine the
present value of the stock. Qualitative data focused on researching
company business practices, investigating news articles, and even
following social media. All data is assembled and presented to the
class and students vote on the best course of action.
Best Regards,
Jacob Bertram
VIX Index 12/31/2015-3/31/16
Stock Decision
CMG Sell
PRGO Sell
SLM Hold
*Sales made April 14th 2016
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
9
12. Investment Fund Coordinators
Jason Drummond Roger Best Jose Mercado James Cicon
UCM Foundation Executive Harmon College of Business Professor of Finance and Professor of Finance and
Director and Professional Studies Dean Chair, Dept. of Finance Faculty Advisor for SMIF
William Westhoff
Foundation Investment Committee Chair
Wade Carpenter
Investment Committee Chair
10
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
13. Schedule of Investments
As of March 31st, 2016 Shares Value ($) % of net assets
Finance â 15.29%
Bank of Hawaii Corp 466 $31,818.48 5.25%
Financial Select Sector SPDR Fund 725 $16,312.50 2.69%
Raymond James Financial Inc. 534 $25,423.74 4.20%
SLM Corp 3,000 $19,080.00 3.15%
$92,634.72 15.29%
Transportation â 2.09%
Jetblue Airways Corp 600 $12,672.00 2.09%
$12,672.00 2.09%
Consumer Services â 8.00%
Chipotle Mexican Grill Inc. 42 $19,780.74 3.26%
Consumer Discretionary Select SPDR Fund 175 $13,842.50 2.28%
Starbucks Corp 250 $14,925.00 2.46%
$48,548.24 8.00%
Retail Trade - 10.69%
Autozone Inc. 47 $37,444.43 6.18%
Caseys General Stores Inc. 100 $11,332.00 1.87%
Home Depot Inc. 120 $16,011.60 2.64%
$64,788.03 10.69%
Consume Durables â 13.96%
Activision Blizzard Inc. 1325 $44,838.00 7.40%
Snap On Inc. 253 $39,718.47 6.56%
$84,556.47 13.96%
11
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
14. Consumer Non-Durables - 11.85%
Church & Dwight Co. Inc. 180 $16,592.40 2.74%
McCormick & Co Inc. 90 $8,953.20 1.48%
Mead Johnson Nutrition Company 125 $10,621.25 1.75%
Under Armour Inc. 420 $35,628.60 5.88%
$71,795.45 11.85%
Health Technology - 3.82%
Perrigo Company PLC 181 $23,155.33 3.82%
$23,155.33 3.82%
Health Services - 5.82%
Cerner Corp 498 $26,374.08 4.35%
Laboratory Corp of Amer Hldgs 3,000 $8,901.88 1.47%
$35,275.96 5.82%
Electronic Technology - 5.35%
NXP Semiconductors NV 400 $32,428.00 5.35%
$32,428.00 5.35%
Energy- 1.06%
Valero Energy Corp 100 $6,414.00 1.06%
$6,414.00 1.06%
Industrial Services - 1.94%
Industrial Select Sector SPDR Fund 212 $11,759.64 1.94%
$11,759.64 1.94%
Technology Services - 11.23%
Dst Sys Inc. 318 $35,860.86 5.92%
Technology Select Sector SPDR Fund 725 $32161.00 5.31%
$68,021.86 11.23%
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
12
15. Non-Energy Minerals â 6.29%
Materials Select Sector SPDR Trust 242 $10,844.02 1.79%
USG Corp 1,100 $27,291.00 4.50%
$38,135.02 6.29%
Cash â 2.59%
US Dollar $15,693.98 2.59%
$15,693.98 2.59%
Net Asset Value $605,878.70 100.00%
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
13
2
16. Executive Team
Hassaan Kidwai is a senior in the Harmon College of Business
and Professional Studies, graduating in Spring 2016. He is
currently working towards a Bachelor of Science in Business
Administration with an emphasis in Finance. Currently, Mr.
Kidwai works for NYS Collections in Saint Louis, MO serving as
the Assistant Account Manager. He is also sitting for the CFA
Level 1 Exam, June 2016. Upon graduation, he will be starting
his career with State Street, as a financial analyst.
Jacob Bertram is a senior in the Harmon College of Business
and Professional Studies, graduating Fall of 2016. He is
striving to obtain a Bachelor of Science in Business
Administration with an emphasis in Finance. Mr. Bertram
accepted an internship with the CFA Instituteâs Future of
Finance Department. He is also sitting for the CFA Level 1
Exam, December 2016 and is leading the Harmon College of
Business CFA Institute Research Challenge Team in the 2016-
2017 season.
Rachel Williams is a junior in the Harmon College of Business
and Professional Studies, graduating in May of 2017. She is
currently working towards a Bachelor of Science in Business
Administration with an emphasis in Finance and Economics. Ms.
Williams is currently the Head Economist of the Student
Management Investment Fund and she is applying her skills
daily, at an internship with the Federal Government.
The UCM Foundation Investment Fund Semester-End Report, Spring 2016
14
17. Executive Committee
Nick Howerton is a junior in the Harmon College of Business
at the University of Central Missouri, graduating in May of 2017.
Mr. Howerton is currently working towards a Bachelor of
Science in Business Administration with an emphasis in
Finance. Currently, he is interning at Summit Bank of Kansas
City. Upon graduation, he plans on continuing his education in
the MBA program at the University of Central Missouri while
also pursuing his CFA certification.
Nathan Smith is a senior in the Harmon College of Business
and Professional Studies at the University of Central Missouri,
graduating in May of 2017. He is currently working toward a
major in Finance with a minor in Political Science. Mr. Smith
is currently in the process of preparing to take the CFA Level 1
Exam in June 2017.
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18. Portfolio Committee
Andrea Phillips is a junior in the Harmon College of
Business, graduating in May of 2017. She is currently working
to obtain a Bachelor of Science in Business Administration
with an emphasis in Finance. Ms. Phillips has been offered
multiple internship opportunities for the upcoming summer,
one of which she plans to accept. She is a candidate for the
CFA Level 1 Exam in June of 2017 and will be a member of the
Harmon College of Business CFA Institute Research
Challenge Team in the 2016-2017 season. Subsequent to
graduation, she hopes to acquire a full time position within
Corporate Finance.
Robert Bickel is a Harmon College of Business underg-
raduate with an emphasis in Finance. Currently, Robert is the
Treasurer of the Student Finance Association and a Finance
Intern with Murdock Banner Financial Group located in
Warrensburg, Missouri. Mr. Bickel is a candidate for the CFA
Level 1 Exam in December 2016 and recently joined a team for
the CFA Institute Research Challenge. Upon graduation in
December 2016, he hopes to find a full time position working
within banking, Whiteman AFB, or an internal finance
department in a large industrial company.
Eric Siebenshuh is a senior in the Harmon College of
Business and Professional Studies, graduating in December
of 2016. He is currently working toward a Bachelor of Science
in Business Administration with an emphasis in Finance. He
is part of the football team at the University of Central
Missouri. He is currently searching for a position in the
within the financial management field.
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19. Economics Committee
Calab Benhardt is a senior in the Harmon College of
Business and Professional Studies, graduating in May 2016.
He is currently working towards a Bachelor of Science in
Business Administration with a double emphasis in Finance
and Accounting. Currently, Mr. Benhardt works for a small
company in Warrensburg, MO serving as the Finance
Manager. Upon graduation, he will be starting his career
with Cerner, as a business consultant.
Jesse Ismert is a senior at the University of Central
Missouri, graduating in May of this year. He is looking to
finish up his Bachelor of Science in Business Admini-
stration with an emphasis in Finance. Mr. Ismert is poised
to begin working in real estate investing in the Kansas City
area.
Alina Kryshchendyuk is a senior in the Harmon College
of Business, graduating in December of 2016. She is
currently working towards a Bachelor of Science in
Business Administration with an emphasis in Finance. Ms.
Kryshchendyuk is working on research on the effect of price
precision on the willingness to purchase.
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