01
Business quality
A durable competitive position and business model capable of performing through a range of market conditions.
Ten Years / 2016-2026
York University's only student-managed investment fund
Thirty-four Schulich undergraduates manage a long-only portfolio of U.S. and Canadian equities.
~$371K
Assets under management
34
Students
6
Sector teams
2016
Founded
Our Mandate
The Fund seeks to preserve and grow capital over the long term while providing students with practical experience in equity research and portfolio management.
Read our philosophy and processInvestment Approach
What we look for in a business
Prospective investments are assessed across four areas: business quality, cash generation, capital allocation, and valuation.
02
Cash generation
Consistent free cash flow supported by the underlying operations of the business.
03
Capital allocation
Management with a demonstrated record of allocating capital effectively across reinvestment, acquisitions, debt repayment, and shareholder distributions.
04
Valuation
A purchase price below estimated intrinsic value, with a margin of safety for uncertainty in the analysis.
Performance
2025 performance
For the year ended December 31, 2025, the Fund returned 24.0% excluding cash, approximately 4.0 percentage points above its blended benchmark. On a total-asset basis, including cash, the Fund returned 8.9%. The difference reflects the timing and size of cash deployments during the year.
24.0%
Return excluding cash
8.9%
Total-asset return
+4.0 pts
Relative to benchmark
YUSIF Fund Return
ALL Performance
The Portfolio
Nineteen positions across six sectors
The Fund holds 19 positions across six sectors, with approximately 55% of assets in U.S. equities, 28% in Canadian equities, and 17% in cash. The Fund generally invests over a three-to-five-year horizon and maintains cash for future investment opportunities.
- United States
- 55%
- Canada
- 28%
- Cash
- 17%
Our Coverage
Six sector teams
Analysts are organized into six sector teams. Each team conducts company and industry research and presents investment recommendations to the full team for review. The figures below show each sector's current portfolio weight.
Our People
Three portfolio managers and 31 analysts
YUSIF is led by three portfolio managers and includes 31 analysts organized across six sector teams. Sector teams conduct research and present investment recommendations to the full group for discussion. Final investment decisions rest with the portfolio managers. The Fund holds two formal pitch events each year for alumni and mentors.
Meet the team
The Network
Alumni placements
Over the past ten years, YUSIF alumni have held roles at more than 100 firms across investment banking, private capital, public markets, institutional investing, technology, and consulting, including positions in Toronto, New York, San Francisco, and London.
Research
Our published work
Analysts prepare investment pitches, valuation analyses, and the Fund's annual report. Selected work is available below.
Ten cohorts have managed the Fund since 2016.
100+
Alumni
250+
Pitches presented
$60K
Seed capital, 2016
450+
Hours of instruction
Becoming an Analyst
Analyst experience
Analysts research companies, build financial models, and prepare investment recommendations. Selected ideas are presented to the full team and reviewed by the portfolio managers before capital is deployed.
1
Apply classroom concepts in the management of real capital.
Learn more 2Develop research and presentation skills through pitch discussions, expert calls, and training sessions.
Learn more 3Receive guidance from alumni across investment banking, private capital, public markets, and asset management.
Learn more 4Contribute to portfolio research, monitoring, and investment discussions.
Learn moreRecruitment resources
Analysts have access to resources covering technical preparation, behavioural interviews, networking, and stock-pitch development.
