Each year's class writes an annual report. It contains the details of the educational journey of each investment committee and of the course as a whole, including returns, attribution, risk analysis, and examples of research and investment pitches.
Latest report
Annual report, fiscal year 2025 to 2026
Performance
Each sub-fund is measured against its own benchmark, and the fund as a whole against a blended benchmark of 75% S&P 500 and 25% Bloomberg Aggregate Bond Index. The report explains what drove each committee's results.
Source: MPSIF Annual Report, fiscal year 2025 to 2026. Fund returns run from each fund's first trade to the end of the academic year, and the MPSIF total is the four funds combined. The Thematic return is compounded from the two semester figures in the report. All benchmarks cover the same period, 1 September 2025 to 30 April 2026: the S&P 500 for the three equity funds, the Bloomberg U.S. Aggregate for Fixed Income, and 75% S&P 500 and 25% Bloomberg U.S. Aggregate for MPSIF as a whole. Excess return is the fund's return minus its benchmark's, in percentage points. Past performance is not indicative of future results. MPSIF is a student-managed fund operated as part of the curriculum at NYU Stern. Nothing on this site is investment advice or an offer to invest.
Column chart comparing each fund's return with its benchmark's return for fiscal year 2025 to 2026. All benchmarks cover 1 September 2025 to 30 April 2026. MPSIF total: 7.8% against 9.3% for the blended benchmark, 1.5 percentage points behind. Thematic: 3.1% against 11.6% for the S&P 500, 8.5 points behind. Systematic: 19.41% against 11.6% for the S&P 500, 7.81 points ahead. Opportunistic: 8.0% against 11.6% for the S&P 500, 3.6 points behind. Fixed Income: minus 0.17% against 2.3% for the Bloomberg U.S. Aggregate, 2.47 points behind.