Thank You

The Carlson Growth and Fixed Income Fund would not be possible without the investment and support by our 11 participants throughout the Twin Cities. We appreciate their involvement and will continue to keep close relationships with our financial partners in the community.

Participant Benefits

  • Provide students with a realistic view of the industry
  • Build a more educated group of finance professionals
  • Recruit from top students in the area
  • Help students network with other professionals in the field
  • Realized positive ROI
  • Meet the students during our fall road show

Fund Performance History

The detailed historical performance of the Carlson Growth and Fixed Income Fund are not displayed to the general public. Please feel free to speak with either Professional Directors regarding the performance of the Fund portfolios.

Carlson Growth Fund Performance

  Year-to-date Since inception
Carlson Growth Fund -16.41% 280.35%
Russell 2000 Growth Index -4.05% 121.27%

Portfolio Value: $15.4 m

Small-cap stocks in the month of September were significantly lower, as the market continues to shy away from riskier investments such as small caps and technology. This risk-off selling stems from the concern of growth in the economy moving forward, hitting small-caps the hardest. The Carlson Growth Fund saw a 2% underperformance to the Russell 2000 Growth Index. A couple of our largest holdings saw investors take profits, likely due to the growth fears mentioned above, which helped lead to this underperformance. We also had company announcements such as Civeo deciding not to go ahead with a REIT plan that contributed to this underperformance. In these tense times news like this typically leads to an overreaction and a significant slide. 
With the Fed exiting QE and volatility back, the market seems unsure about what normal should be. Analysts in the CGF are preparing for earning season. Our top priorities are paying close attention to how our companies report and continuing to monitor this challenging market.

Data as of September 30, 2014

Carlson Fixed Income Fund Performance

  Year-to-date Since inception
Fixed Income Fund (Gross) 2.37% 4.07%
Barclays Int. Gov/Credit Index 2.78% 3.64%

Portfolio Value: $18.6 m

During the month of September the CFIF portfolio underperformed the benchmark by 3 bps. This underperformance was driven by our exposure to corporate credits, which experienced a turbulent month of rising interest rates and widening spreads. Better than expected economic and employment data also increased speculation that the fed will raise interest rates. Due to the under-duration of our portfolio in comparison to the benchmark, our portfolio was protected against some of the turbulence in the bond market.  

At the beginning of the semester, our class has reviewed the fundamentals of the credit market and started our investment recommendations for this November.  Since we are at our limit for corporate holdings, our industry teams are analyzing a credit that we already own and presenting our recommendations to the mentors.  Currently we are in the process of completing a thorough industry analysis of our chosen credits, and building new credit models. Our class has also spent time reviewing credit events that occurred, such as the Kinder Morgan merger and the Citibank tender offer.

Data as of September 30, 2014

Participant News

Insights from Thrivent

Russ Swansen, Chief Investment Officer at Thrivent, produces periodic market commentary for the site, "Wall Street to Your Street." The site also includes podcasts/videos and links to other important information.