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2018 ON THE RISE Semi Annual Update Captains Educational Enrichment Fund Invest In Education www.ceefundcnu.com | Christopher Newport University 2018 Volume 7

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Page 1: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

2018ON THE RISESemi Annual Update

Captains Educational Enrichment FundI n v e s t I n E d u c a t i o n

www.ceefundcnu.com     |     Chr istopher Newport University

2018 Volume 7

Page 2: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

D I R E C T O R S ' R O L E

CAPTAINS EDUCATIONAL ENRICHMENT FUND

Letter from the CEO Over the past year, I have had the privilege of leading the CEE Fund. When I first joined the fund my freshman year, we were in the process of investing our first $50,000 from the Education Foundation here at CNU. Since then we have grown both in Assets Under Management and the number of educational opportunities offered to members. The focus over the past year was to improve on the foundation that had been laid for the Fund. For years, the focus has been on fundraising and growing AUM. And while that remained a priority, we took the year as an opportunity to focus on training and skills that are helpful for all members of the fund, specifically by bringing in speakers on a wide array of topics and having numerous opportunities to participate in case competitions. Beyond training, we worked hard to change the dynamic between members of the Fund. We wanted the CEE Fund to be a place where people could establish connections that would benefit them throughout their time at CNU and once they have graduated. The biggest change took place at the end of the year. The Executive Board decided to combine the Development and Operations teams. We felt this was the best decision for the fund because it allows work to be more evenly distributed and helps to prevent an overlap between the two teams.On behalf of CEE Fund, I would like to thank our donors and supporters. Without your continued support over the years, none of this would be possible.

2018 VOLUME 7

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With Gratitude,

Cassidy Kiel

Page 3: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

SNAPSHOT OF THE FUND

2018

$198,513

ASSETS UNDER MANAGEMENT

AS OF 12/31/18

6th ANNUAL FINANCIAL

SUMMIT3.26.2018SPEAKERS FROM: - WELLS FARGO - DIXON HUGHES ```GOODMAN - THE SEC - U.S. TRUST

66FALL

APPLICANTS

412

CASE COMPETITION

TEAMS

MEMBERS

PARTICIPATING

MIXERS AND

SPEAKERS WITH

ALPHA KAPPA PSI

2

2018 VOLUME 7

Page 4: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

The close of 2018 marked another successful year for the Investment Team on a quantitative and qualitative basis. Despite increased market volatility and downward pressure on securities at the end of 2018, the Endowment Portfolio outperformed the stated benchmark (SPY) by approximately 78 basis points (-3.61% and -4.39% respectively). Funds continued to deploy out of sector exchange traded funds into individual securities, yet our attention to portfolio characteristics guarded the fund from over-diversification/allocation efforts. Additionally, we increased collaboration with the Finance Team in regards to current holding analyses, streamlining the process and improving research quality. As for the CEE Fund portfolio, members dedicated time and energy towards implementing a new allocation strategy, utilizing market cap diversification as a thesis. In response to the tactical move, members began writing new Investment Policy Statements (for each portfolio) which will outline our methodologies and rules of operation going forward. We are looking to complete the statements in the next couple months, increase portfolio position sizes with the remaining funds (or replace current holdings) and continue to improve communication efforts with other departments in regards to our money management decisions. Apart from our money management efforts, we welcomed ten new analysts to the team in 2018, including four freshmen, five sophomores, and one junior. The students are of high caliber, to say the least, successfully rising to the top of 34 total applicants. Furthermore, the new members will complement the group by using their skills in mathematical programming, fine arts, sales, and interpersonal communication. Above all, new analysts are eager to learn. In conclusion, as sustainability and longevity efforts would have it, we recently completely the installment of new officers and team leaders. I am honored to have served as the Chief Investment Officer for the Fund, and I am confident that my successor, Tim Haynal, will lead in the right direction through 2019.

INVESTMENT TEAM

UPDATEBY WILL GIBSON,

CHIEF INVESTMENT

OFFICER

2018 VOLUME 7

Page 5: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

2 0 1 7 A N N U A L R E P O R T

Current Holding Analysis

Throughout 2018, the Finance Team took control of the Current Holding Analysis

process for both the CEE Fund and Endowment portfolios. This change allowed

more students to get a hands-on experience with the portfolios, as well as increase

the efficiency and success of the overall Fund. In the Fall, the Finance Team had a

primary focus on the Endowment portfolio. The goal for the semester was to reduce

the number of securities from 33 to about 27, in order to eventually bring the

portfolio to the point commonly seen as diminishing returns, 21 securities. However,

it is important that the portfolio consists of the best 21 securities, so the team was

given ample time to ensure we sell the stocks who are not in the top 21.

New Member Classes

Once a student is accepted into the CEE Fund, his/her financial literacy will be

expanded due to the New Member Classes. In these classes, a professor from the

Luter School will teach about a topic relating to finance or corporations that will be

useful in his/her time in the Fund. These classes have been taught by Professor

Edgar, Professor Walker, Professor Guha, and Dr. Donaldson. Furthermore, the

students will have the opportunity to form a relationship with these professors prior

to taking a class taught by them. Near the end of the semester, each student takes a

quiz on the topics taught in these classes, with an 80% required to pass. In 2018,

there was a 97% pass rate with an average score of 93.

Looking Forward

In 2019, the Finance team will continue with the Current Holding Analyses to bring

the number of securities in the Endowment portfolio closer to 21. Under the direction

of the newly-elected CFO, Samantha-Lynn Miner, the team will continue to analyze

the stocks held by the Fund to ensure proper diversification and maximum returns.

In addition, the Finance Team will work more closely with the Investment Team to

create a more unified team working on the portfolios.

FINANCE TEAM

UPDATEBY COLIN COGAN,

CHIEF FINANCE

OFFICER

2018 VOLUME 7

Page 6: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

The Operations team is responsible for all internal liaisons between the Luter

School of Business and the Fund. With a very dynamic group, a typical operations

member is experienced in scheduling catering and rooms for meetings and events, IT

knowledge for our team built website, creative mindset to showcase our talent across

digital channels, and Human Resources to correlate all our members and keep

membership morality and attendance high. The Operations team was made up of 13

members at the end of 2018, and merged with the Development team at the start of

2019.

Looking Forward

Our goal moving forward is to work with the new Development/Operations

combined team to increase presence on campus and in the community. The

Operations team organized multiple business-oriented mixers with AKPsi at CNU in

2018, and hopes to continue to develop relationships with other campus organizations

throughout the new year. More defined positions are now available to members of the

team to keep everyone more involved and create as many hands-on marketing and

event planning opportunities as possible.

In 2019, we have decided to move our main event on campus, The Financial

Summit, to the Fall. We feel that having this event in the Fall Semester will attract

significantly more students than it has when held in Spring due to the Luter School of

Business holding larger events like Bus-Ex in the Spring.

The Operations team grew significantly in the Fall Semester of 2018 after

graduating nearly half the team. Interest in the Fund as a whole throughout the

campus has continued to grow. My successor, Hannah Feely, has excelled in

continuing our growth into the new year. I am confident that the new

Operations/Development Team will continue to excel under her leadership.

2018 VOLUME 7

OPERATIONS TEAM

UPDATEBY CAMERON OGREN

CHIEF OPERATIONS

OFFICER

Page 7: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

2018 was a great year for the Development team. Our team grew and so did our

donations. We started off the year setting strong goals. We planned to build stronger

relationships with our alumni and donors, find new ways to reach out to the

community, and implement new positions within the team to motivate our members.

We did our yearly Rotary Club pitches which were a huge success. At our first one

of the year we ended up receiving a $1,000 donation to help kick off our new donation

program. Huge thank you to Sarah Browning from State Farm for that donation!

As the year went on, we started setting new goals for the upcoming year. We

decided as the Development Team, we wanted to focus more on developing the

members of the fund. Whether it was helping develop the members as students or

business men and women; we wanted to help them grow any way we could. We want

to teach the members about self-branding, setup exclusive resume workshops with

the Center for Career Planning and create a CEE Fund network for easy access to

internships and jobs that cater to CEE Fund’s members.

By the end of the year, as a team and Executive board, we decided to combine the

Development and Operations teams. We came to this decision because we all agreed

that we the teams are constantly working together on similar tasks. Instead of dividing

ideas and tasks between the teams, we believe it will be more beneficial for us to all

work as a whole. I look forward to seeing what great things this new team can

achieve.

2018 VOLUME 7

DEVELOPMENT TEAM UPDATE

BY BAILEY BIGGS

CHIEF DEVELOPMENT

OFFICER

Page 8: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

MEMBERSHIP SUMMARY

MEMBERSHIP STATISTIS 3.46 - AVERAGE GPA

11 MAJORS REPRESENTED

CLASS BREAKDOWN

18 SENIORS

17 JUNIORS

21 SOPHOMORES

19 FRESHMAN

66 FALL 2018 APPLICANTS

18 ACCEPTED

2018 E-BOARD

2019 E-BOARD

Every fall, CEE Fund holds elections to appoint a new executive board for the following yearMeet your new Executive Board!

EXECUTIVE BOARD

CEO Justin Corlett

Junior, Finance Major

CIO Tim Haynal

Sophomore, Finance Major

CFO Samantha Miner

Sophomore, Finance Major

CD&OO Hannah Feely

Junior, Communications

Major

24 INVESTMENT

20 FINANCE

11 DEVELOPMENT

13 OPERATIONS

2018 VOLUME 7

Page 9: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

CASE COMPETITIONS

This year, CEE Fund increased its presence in case

competitions by a substantial amount. The past three years, we

have had a team compete at the Engage Undergraduate

Investment Conference and Stock Pitch Competition. While we

participated once again, we also had two teams competing in

the PeepTrade University Challenge, as well as a team

currently participating in the CFA Institute Research Challenge.

Each experience proved invaluable, increasing member's

knowledge of financial markets, improving communication

skills, and inevitably spreading the word about the Captains’

Educational Enrichment Fund. These opportunities would not

have been possible without the support of the Luter School of

Business and many dedicated faculty members who support

the teams as they prepare.

2018 VOLUME 7

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2018 Engage UIC Team

Page 10: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

VOLUME 7 2018

To Donate Contact

[email protected]

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Sarah Browning

Page 11: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

VOLUME 7 2018

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Page 12: 2018 ON THE RISE - cnuceefund.comsnapshot of the fund 2018 $198,513 assets under management as of 12/31/18 6thannual financial 3.26.2018 summit speakers from: - wells fargo - dixon

Hannah Feeley [email protected]

Justin Corlett [email protected]

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