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Real-world academics

The Krause Fund blends a tough finance course with an endowed equity portfolio. Our students, also known as analysts, go above and beyond. They strive to outperform the S&P 500 while they manage our diversified portfolio of stocks, making the Krause Fund a well-known name in the state of Iowa's finance scene.  

Our portfolio

You can review our current standings and up-to-the-minute adjustments for current market value. Just download the spreadsheet below and enable macros to populate the current prices. 

Year-to-date performance

Historical performance

See how our portfolio has performed historically:

Contact us for more historical data.

Alumni Story
Katelyn Wheeldon

“It's really neat that you're learning something in the same day that you're applying it to your model, discussing it with your group and talking with your professor about your ideas. You're basically a full-time analyst for a semester."

Spring 2016 analysts

The student analysts managing our fund are enrolled in Applied Equity Valuation (syllabus), 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.

Materials and Industrials

Jack Warning, Thomas Murray, Jace Hepker

Consumer Staples

Kol Rath, Colin Rogers, Brandon Schreiner, Shane Shaddox

Financial Services

Cheng Chen, Sidi Chen, Sahan Thenuwara, Ling Hao Bao


Carson Goodale, Samuel Stecker, Troy Radtke, Nicole Gierman

Technology Team Alpha

Ross Gibson, Mingjian Li, Yiyao Lin, Jacob Molina

Consumer Discretionary

Austin Moss, Nicholas Barry, Eric Hale, Nick Steingreaber


Jack Abrahamson, Elliott Smith, Katherine Boyle, Ryan Dowd

Health Care

Adam Busta, Alex Junk, Manman Tai, Taylor Wingert

Telecom & Utility

Joseph Holz, Josiah Johnson, Cooper Perry, Ardian Asani

Technology Team Beta

Ryan Crockett, Nicholas Payne, Maxwell Neumann, Trevor Heimke


Investment Advisory Committee

Our Investment Advisory Committee plays a key role in the management of the Krause Fund. They join us each semester for final research and recommendation presentations. 

Eric Boucher


Jeff Kilkenny, CFA

Principal Global Investors

Jonah Parker

University of Iowa Foundation

Aaron Schaefer

Hills Bank & Trust Co.

James F. Wessels, CPA, CFA

Gremler Financial Group

Matthew Bowersox

Houlihan, Lokey, Howard & Zukin

Tiffany Lavastida, CFA

Principal Global Investors

Scott M. Pfeiler

Rockwell Collins

Mike Staffenbeal

Union Pacific

Catherine Zaharis, CFA

Tippie College of Business

Collin Glancy

Equity Residential

John McClain

American Trust and Savings Bank

Kevin Readman

US Bancorp

Will Suess, CFA

Silverpath Capital Management


Fund overview

The Krause Fund was created in 1998 when Bill Krause, founder and CEO of the Krause-Gentle Corporation, donated $100,000 to the University of Iowa, Iowa State University, Drake University, and the University of Northern Iowa 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.