Real-world academics
The Krause Fund blends a challenging finance elective with an endowed equity portfolio. Our student analysts dive into the economy, explore industries, research companies, and build extensive valuation models using the same techniques as the professionals. This semester-length project culminates with a presentation to a team of financial professional for possible inclusion in the Krause Fund portfolio.
Fall 2023 analysts
The student analysts managing our fund are enrolled in Applied Equity Valuation, which seeks to make students experts in the valuation techniques and analytical tools used by real-world analysts. Students work in teams to evaluate companies based on industry and provide detailed investment recommendations.
Analysts employ a top-down approach to research that integrates economic, industry, and company analysis, and use valuation techniques including discounted cash flow (DCF), economic value added (EVA), relative multiple (P/E, P/B, PEG ratio), and fundamental multiple analysis. Finally, all models are sensitivity tested against critical assumptions.
At the end of the course, analysts deliver investment presentations to our Investment Advisory Committee.
Communications
Yiyang Cheng, Ray Tucker
- Alphabet Inc. (pdf)
Consumer Discretionary
Luis Aguirre, Maddy Montalbano
Consumer Staples
Joseph Mendoza, Sloan Kipley
- General Mills Inc. (pdf)
Energy
Bailey Shafer, Sraavi Vaddadi
Financial Services
Sydney Truex, Mary Watson
- CNA Financial Corp. (pdf)
Health Care
Parker Sweeney, Kyle Tapia
- Pfizer Inc. (pdf)
Industrials
Suraj Moorjani, Wade Stafford
- FedEx Corp. (pdf)
Industrials
Addi Benaitis, Dylan Miller
- Terex (pdf)
Technology
Lexi Lonning, Alexandra Tistle
- Apple Inc. (pdf)
Technology
Ethan Fairfield, Patrick Igo
- Fortinet Inc. (pdf)
Technology
Tyler Tobin, Gabe Unterberg
- Texas Instruments (pdf)
Real Estate
Justin Tang, Michael Greco
- Crown Castle, Inc. (pdf)
Investment Advisory Committee
Our Investment Advisory Committee plays a key role in management of the Krause Fund. Students present their final research to the board each semester and the committee mentors our students while helping to prepare them for financial services careers.
Bryce Engelbart, CFA
AEGON Asset Management
John Heinrich
UI Center for Advancement
Tim Insko
Wealth Enhancement Group
Ryan Jordan
Principal Global Investors
Kayla Kremer, CFA
AEGON Asset Management
Tiffany Lavastida, CFA
Principal Global Investors
Jonah Parker, CFA
AEGON Asset Management
Emily Phelps, CFA
AEGON Asset Management
Aaron Schaefer
Hills Bank & Trust Co,
Phyllis Vance, CFA
Vision Financial Group
James F. Wessels, CPA, CFA
Vision Financial Group
Catherine Zaharis, CFA
Tippie College of Business
More fund research
Spring 2023
Fall 2022
- Adobe, Inc. (pdf)
- Alphabet Inc. (pdf)
- Apple Inc. (pdf)
- ASML Holding NV (pdf)
- Chipotle Mexican Grill Inc. (pdf)
- CNA Financial Corp. (pdf)
- Crown Castle International Corp. (pdf)
- DexCom Inc. (pdf)
- FedEx Corp. (pdf)
- General Mills, Inc. (pdf)
- Huntington Ingalls Industries Inc. (pdf)
- NextEra Energy Inc. (pdf)
- Netflix (pdf)
- Nvidia Corp. (pdf)
- Pfizer Inc. (pdf)
- Pioneer Natural Resources Co. (pdf)
- Realty Income Corp. (pdf)
- Stifel Financial Corp. (pdf)
- V.F. Corp. (pdf)
- Walmart Inc. (pdf)
- Adobe Inc. (pdf)
- Akamai Technologies Inc. (pdf)
- Apple Inc. (pdf)
- ASML Holding NV (pdf)
- Chipotle Mexican Grill Inc. (pdf)
- CNA Financial Corp. (pdf)
- Crown Castle International Inc. (pdf)
- FedEx Corp. (pdf)
- NextEra Energy Inc. (pdf)
- Pfizer Inc. (pdf)
- Pioneer Natural Resources Co. (pdf)
- Vertex Pharmaceuticals Inc. (pdf)
- Walmart Inc. (pdf)
Fund overview
The Krause Fund was created in 1998 when Bill Krause, founder and CEO of the Krause-Gentle Corporation, made a generous donation to the University of Iowa and other schools in the state to establish undergraduate student-managed equity funds. These schools compete in the Krause Investment Challenge, an annual contest matching the performance of each institution's portfolio during the academic year.
Our portfolio and performance
To review the year-to-date performance of our active portfolio holdings, view our Google spreadsheet. The document also contains information on our historical performance dating back to 1999.