S TUDENT I NVESTMENT A SSOCIATION Spring 2015 MSU Student Investment Association1

P ORTFOLIO U PDATE Trades: – Prosperity Bancshares Inc. (PB), 19 shares at $53.25 Total: $28, – Market value: $25, – Cash: $2, MSU Student Investment Association2

S ECTOR W EIGHTS SectorSIA PortfolioRussell 2000VOver/Under Weight Basic Materials 7.05%5.60%1.45% Consumer Discretionary 27.12%12.10%15.02% Consumer Staples 3.57%2.40%1.17% Industrial Goods 9.79%13.30%-3.51% Financials 10.32%40.90%-30.58% Healthcare 13.09%5.70%7.39% Technology 10.86%8.80%2.06% Energy 9.68%3.20%6.48% Cash 8.52%0.10%8.42% MSU Student Investment Association3

M ARKET U PDATE MSU Student Investment Association4 Lukewarm economic data Retail sales disappointed, UofM consumer sentiment fell first time in seven months Europe Greece reach a compromise agreement on bailout Cease-fire in Ukraine US equity markets sensitive Fourth quarter earnings season coming to end 75% of S&P reported so far Falling crude and strengthening dollar hurting energy companies and exporters

P ERFORMANCE MSU Student Investment Association5 Up 5.69% Last Month

T RAILING 12 M ONTH R ETURNS MSU Student Investment Association6 SIA Portfolio Trailing 12 Month Return:4.96% Russell 2000V:6.60% S&P 500:14.23%

QUESTIONS? Dhruv Rajput MSU Student Investment Association7