Student Portfolio

1. Nick Massa
Maria Sanchez
Brandon Krupunich
STUDENT MANAGED FUND
YEAR END REVIEW

2. High Price earnings
Created a well diversified portfolio—
buy and hold
 Fixed-income and equity instruments
 International and domestic
 Small, mid, large caps
ORIGINAL STRATEGY

3. 24.81%
34.45%
20.11%
20.63%
ORIGINAL HOLDINGS
BDCS
Domestic
ETFs
CZA
DTN
QCOM
StocksCBRL
MDSO
VCSH
Bond ETFs
SCPB
PID
International
ETFs
TOK
ETF replicates
performance of business
development companies
on NYSE and NASDAQ
ETF performs based on
100 mid capitalization
equities
ETF representing top 10 dividend
yielding companies in each sector,
of 300 largest companies by
market value, excluding financials
Technology – Communication
Equipment (Large Cap)Services – Restaurant (Mid Cap)
Technology – Healthcare
Information Services (Small Cap)
ETF tracks performance of
corporate bond indices with short
term maturity
ETF tracks performance of US
corporate bond market
ETF tracks performance of ADRs &
GDRs, which have shown regular
annual dividend yield increasesETF replicates MSCI Kokusai Index,
invested in developed international
economies excluding Japan

4.  8.51% (10/4 ~ 4/30)
 Started with $40,000, ended with $43,404.40
 S&P 500 produced 10.11% return
OVERALL PERFORMANCE
Liquidation;
$43,404.40
Strategy
change
Strategy
Implementation
$40,000
8.51%

5.  Buy and hold strategy (10/4 ~ 3/27)
 Our portfolio: 10.72%
 Vs. S&P 500: 7.00%
BUY AND HOLD PERFORMANCE
10/4: $40,000
3/27: $43,404

6. ALLOCATION EFFECT
0
10
20
30
40
50
60
Our U.S. Equity Portfolio
S&P 500

7. Start of shift
liquidation
 Liquidated our two bond funds
 Using Valueline service picked:
 ANR – Basic Materials
 GPX – Services
 BZH – Industrial Goods
PARTIAL STRATEGY SHIFT
 Utilized leveraged index ETFs
 UPRO (3x SP500)
 UVXY (2x VIX)

8. “WHAT IF” ANALYSIS
 Buy and hold strategy of the original 10 securities
 Returned 12.18% from October 4th to April 30th
 S&P500 returned 10.09%
Inception
Liquidation

9. CONCLUSION
 We are content with our returns considering the change in the
market, though we should have stayed with the buy and hold
strategy
 Return to expansionary economics
 SP500 to outperform many funds
 Trading platform
 Our group expended $1,243.91 fee’s for 38 trades
 Each transaction cost between $32 and $36 to complete
 Expensive considering the lack of web features
 Possibly lost return on wide spreads and inability to track equities
 Recommend IB, E*Trade, TD Ameritrade
 Forcasting at 10$ a trade we would have only expended 380 for the same
amount of trades

10. QUESTIONS OR COMMENTS?

11. FYI (this is not an added slide)
Return (%) Rankings
YTD 1-Year YTD 1-Year
Basic Materials -6.3 1.6 11 11
Communication
Services
7.0 17.7 9 6
Consumer Cyclical 11.7 28.2 4 2
Consumer Defensive 13.1 24.3 2 5
Energy 2.4 5.5 10 10
Financial Services 8.9 24.5 6 4
Healthcare 18.4 33.0 1 1
Industrials 8.7 17.5 7 7
Real Estate 11.8 26.9 3 3
Technology 7.2 10.1 8 9
Utilities 10.7 14.7 5 8

12. “WHAT IF?” ADIRONDACK FUND
30%
10%
10%
30%
20%
UHT –
Finance
TLLP – Basic
Materials
AWR – Public
Utilities
PBI –
Consumer
GoodsGK – Services
• Buy and Hold
• Chosen by High PEG and ROE
• Backed by analyst recommendations
• Overall return of 29.03% vs. S&P 500’s 10.66%