The Rev. Dr. Harold C. Smith Fund Johnathan Myers / President Benjamin Klybor / Vice President Isaac Abrams / Secretary Daan Slaats / Treasurer Parker Wolf, Sam Sjosten / Public Relations Officers Scott Deacle / Faculty Advisor

History of the Investment Club Founded in 2003 by Ursinus student Daniel Uba. Club was defunct, partly due to turnover in the faculty adviser position. Revivals in 2011, 2016. Nov. 2016: the Rev. Dr. Smith makes the initial donation to the fund.

Governing Principles Help students learn about and understand financial markets, securities, and institutions. Develop skills in economic, industry and security analysis. Effectively communicate our investing strategies to others. Collaboration and consensus. Allow for real-world investing experience for students.

Investments PXD WMT Enanta Pharmaceuticals Market Cap: $580m Share Price at Purchase: 29.70 Garmin Ltd. Market Cap: $9,413m Share Price at Purchase: $50.43 ENTA GRMN Pioneer Natural Resources Market Cap: $29,645m Share Price at Purchase: $191.40 . WalMart Stores, Inc. Market Cap: $229,853m Share Price at Purchase: $72.37 PXD WMT

Investments - Enanta Pharmaceuticals Enanta Pharmaceuticals Market Cap: $580m Share Price at Purchase: 29.70 ENTA Highlights Diabetes drug on fast track for FDA approval. Steady stream of royalties from AbbVie partnership. More drugs for prevalent diseases in the pipeline.

Investments - Garmin Ltd. Highlights World leader in GPS wearables and devices. Expanding fitness market. High operating returns over the past 5 years show sustainability. Consistent performer, new technology and potential merger within few years. Garmin Ltd. Market Cap: $9,413m Share Price at Purchase: $50.43 GRMN

Investments - Pioneer Natural Resources Highlights Visible growth through the decade. Unique to energy industry by vertical integration. Expected growth and returns. Pioneer Natural Resources Market Cap: $29,645m Share Price at Purchase: $191.40 . PXD

Investments - WalMart Stores, Inc. Highlights Domination in retail market by acquiring small retail stores. Expansion & growth into international markets. Largest company by revenue WalMart Stores, Inc. Market Cap: $229,853m Share Price at Purchase: 74.80 WMT

GRMN

Peformance as of 5/4/17 Stock Current Shares Purchase Price Cost Basis Current Price Current Value Change (%) ENTA 84 $29.70 $2,494.94 $31.03 $2,605.68 4.44 GRMN 50 $50.43 $2,521.50 $51.42 $2,593.11 2.84 PXD 13 $191.40 $2,488.20 $165.59 $2,152.67 -13.5 WMT 34 $72.37 $2,460.41 $76.34 $2,595.56 5.49 Portfolio n/a $9,965.04 9,947.02 -0.23        

Thank You! Questions? Remember to turn off the projector when finished.