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M.$.F Student Managed Fund Performance Report March 9, 2006

Explore the portfolio summary, investment philosophy & strategy, performance, economic outlook, and more of the M.$.F Student Managed Fund in this comprehensive report.

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M.$.F Student Managed Fund Performance Report March 9, 2006

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  1. M $ F Student Managed Fund Performance Report March 9, 2006

  2. MBA Managers • Rebekah Harnish • Marianela Hoz de Vila • Atanas Malinov • Matthew McNulty • Alla Remen • Chirag Bhojani • Frank Carmon • Royden D’Souza • Michael Feeley • David Fine • Patrick Garvey

  3. Agenda • Portfolio Summary • Investment Philosophy & Strategy • Investment Process • Portfolio Performance • Economic Outlook • Q & A

  4. Portfolio Summary MSFT KO ARJ RSAS TYC JNC SRCL FRK LCAV EXP UNH PG EON PEP XOM XTO AET CBH NKE MDT BDK BEN DOW AH WMFI *rf:4.33% • Positions: 25 • Average Holding: $32,315

  5. Strategy SELECT AN OPTIMAL BLEND OF STOCKS TRADING AT LEAST 15% BELOW THEIR INTRINSIC VALUE Philosophy • LONG-TERM CAPITAL GROWTH • BOTTOM-UP APPROACH • MID TO LARGE CAP (U.S) • RISK MANAGEMENT • STOP-LOSS ORDERS (-15%) • UPSIDE REVIEW (+20%) • GROUP UPDATE (7%) • ACTIVE MONITORING • ATTRIBUTION ANALYSIS Investing Philosophy & Strategy

  6. M $ F Investing Process Identify Opportunities Documentation Fundamental Analysis Portfolio Management Portfolio Design

  7. Identify Oppor. Doc. Fund. Analysis M $ Portfolio Mgmt. Portfolio Design F QUALITATIVE QUANTITATIVE • Superior business model • Market position • Competitors • Leadership/Corporate Governance • Industry life cycle • High free cash flow potential • Financial strength/ historical performance • “Attractive” valuation Fundamental Analysis INTRINSIC VALUE

  8. Identify Oppor. Doc. Fund. Analysis M $ Portfolio Mgmt Portfolio Design F Large Mid Small Value Blend Growth Portfolio Design

  9. Identify Oppor. Doc. Fund. Analysis M $ F Portfolio Mgmt Portfolio Design Portfolio Management

  10. Identify Oppor. Doc. Fund. Analysis M $ F Portfolio Mgmt Portfolio Design 100% 80% 60% Invested Portfolio 40% 20% 0% 1/3/06 11/8/05 12/6/05 1/17/06 1/31/06 10/11/05 10/25/05 11/22/05 12/20/05 Portfolio Management $1,100,000 Portfolio Value $1,000,000 $900,000 8/5/05 9/4/05 1/2/06 2/1/06 8/20/05 9/19/05 10/4/05 11/3/05 12/3/05 1/17/06 10/19/05 11/18/05 12/18/05

  11. Identify Oppor. Doc. Fund. Analysis M $ F Portfolio Mgmt Portfolio Design $50,000 2.1% $45,000 $40,000 3.8% 1.4% 4.0% 2.9% 0.1% $35,000 0.6% 0.1% 25.2% 0.4% $30,000 0.9% 2.3% 49.6% 10.9% 5.7% 2.1% 6.3% $25,000 2.1% 3.8% 3.2% 7.3% 2.4% 1.8% 3.0% $20,000 $15,000 2.1% $10,000 $5,000 $- PG KO AH JNC ARJ PEP AET TYC EXP FRK BDK XTO NKE BEN MDT EON DOW CBH* LCAV UNH* SRCL XOM* WFMI MSFT RSAS Portfolio Management Reevaluation: 20% Stop-loss: 15%

  12. Identify Oppor. Doc. Fund. Analysis M $ F Portfolio Mgmt Portfolio Design 25.0% SMF S&P 500 20.0% 15.0% 10.0% 5.0% 0.0% Energy Utilities Materials Financials Industrials Technology Health Care Discretionary Consumer Consumer Staples Telecommunications Portfolio Management • Continuous research on economic conditions  future trends • Regular monitoring of portfolio’s allocation  diversification

  13. Identify Oppor. Doc. Fund. Analysis M $ F Portfolio Mgmt Portfolio Design Cash -40 Stock Selection 103 Sector Allocation -18 -60 -40 -20 0 20 40 60 80 100 120 Attribution Analysis Portfolio Management Consumer Staples -25bps Energy +70bps Money Market Fund 9.04%

  14. M $ F Identify Oppor. Portfolio Management Doc. Fund. Analysis Portfolio Mgmt Portfolio Design Performance to date • Holdings: 22 • Amount invested: $728,550 • Average holding: $33,116 • Portfolio outperform the S&P 500 by 107 basis points

  15. M $ F Identify Oppor. Experiential Learning Doc. Fund. Analysis Portfolio Mgmt Portfolio Design • ARCHIVES • Meeting Minutes • Contribution Analysis • Attribution Analysis • Reports • Presentations • 7% manager updates • Alumni network

  16. 16.2% 5.6% 18.5% 6.5% 6.4% 4.8% PORTFOLIO UPDATE $50,000 $40,000 $30,000 $20,000 $10,000 $- DOW JNC SRCL FRK AH RSAS

  17. Highlights • GDP Rebound (3.5%) • Interest Rate Increase • Industrial Production Growth • Increased energy demand • “POSITIVE” • GDP (Q4 2005) 1.1% • Slow Consumer spending • Unemployment Rate -4.7% Outlook Economic Outlook

  18. Acknowledgments • University of Connecticut Foundation Inc. • Investment Advisory Board • Dr. Chinmoy Ghosh

  19. Questions Questions Questions Questions ?

  20. M $ F STUDENT MANAGED FUND

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