Mizzou Investment Fund Management

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Mizzou Investment Fund Management

• Summer Report

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Past, Present, and Futureof the University of
Missouri Investment Fund

• 1967- 1980 The Truman Tracy Fund
• Arie and Ida Crown Fund
• 1991 The Student Portfolio Analysis and
• Management Fund
• 1999 Portfolio management course
• 2005 Mizzou Investment Fund Mangement Program
• 2006 Robert J. Trulaske, Sr. Endowment
• 2008 Ace Greenberg Scholarship

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Structure of the Class

• Chief Financial Officer Matthew
  Roman
• Portfolio Manager Steven
  Hinkle
• Economist Specialist Nicholas
  Aiello
• External Relation Specialist Brian Stieren
• -Webmaster Jeremy Heuermann
• -Trader Kevin MeKenna
• - Recorder Justin Atwood
• Program Coordinator Andrew Kern

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Class Expectations

• Hands on experience on managing a real fund
• Sustain long run growth
• Become actively involved in making informed
  decisions for the fund

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Restrictive Holdings

• Short Positions
• Derivative instrument investments
• Borrowing/lending
• Buying on Margin
• No one industry will exceed 20 of total assets
• No one security will exceed 5 of total assets

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Allowable Holdings

• U.S. stocks and bonds
• International stocks and bonds
• Money Market Instruments
• Mutual Funds

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Ending Positions

• Most Profitable
• - Varian Medical Systems
• - Baxter International Inc.
• - Wells Fargo
• Least Profitable
• - International Game Tech
• - Valero, PLC
• - Diageo, PLC

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Transactions
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Reviewed Stocks
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Economic Overview

• Summer 2008
• Oil Prices
• Mortgage Crisis
• Midwest Flooding

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Economic Outlook

• Oil Prices
• U.S. Dollar
• GDP
• Home Sales

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Portfolio Overview

• Expectations
• - Outperform the SP 500
• - Recover before the end of the semester
• - Purchase below intrinsic value

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Portfolio Overview

• Sector Allocation Goals

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Portfolio Overview

• Sector Allocation Results

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Company Analysis

• General company description
• Includes location, industry, business functions,
  and key company aspects
• Financials
• Ticker, sector, and industry
• Ratios and valuations such as market cap, beta,
  ROE, ROA, and P/E
• Economic and Industry Evaluation
• Break Down of Close Competition
• Charts Graphs
• Company versus SP, as well as against
  competitors
• Company position within their respected
  industries
• Risks associated with investment
• Recent news
• Recommendation

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Example of Company Analysis

• RyanAir

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Buffett Analysis

• Find Discount Rate and Owners Earning

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Buffett Analysis

• Find the Present Value of Owners Earnings

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Buffett Analysis

• Find Intrensic Value per Share

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Website

• http//business.missouri.edu/IFMProgram/index.php

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Question and Answer Secession