Est. 2025 · A simulated $1,000,000 portfolio, managed end-to-end by Marshall MSF students.
Managed by students, driven by excellence.
The Trojan Student Managed Investment Fund gives USC Marshall Master of Science in Finance students hands-on experience managing a diversified, long-only portfolio across US equities, international equities, fixed income, and alternatives. Every holding begins as an analyst's memo, and every trade passes a real Investment Committee, with hard risk limits, always.
- Current NAV
- $1,135,500
- Since inception
- +13.55%
- vs blended benchmark
- +3.90%
- Positions
- 92
Who Is a Good Fit for the Fund?
Fundamental research. Real committee decisions. Measured risk.
Every holding in the portfolio began as an analyst's memo: a thesis, a valuation, a risk map. Pitches are debated and voted on by the Investment Committee, with the Chief Risk Officer empowered to veto trades that breach Fund policy.
We operate as a long-only, multi-asset Fund with a 12–18 month horizon, paper-traded against a blended benchmark of 60% SPY, 14% AGG, 14% SHY, 8% GLD, and 4% DBC. Our job isn't just to beat a benchmark. It's to build Marshall students into defensible, thoughtful investors.
Portfolio vs benchmarks
The portfolio, the blended benchmark and the S&P 500, each indexed to 100 at inception (Jan 2, 2026), updated through each trading day.
Where the Fund is invested
Sector weights for the long book. The Fund holds no standalone cash; dry powder sits in short-duration U.S. Treasury bills inside the Fixed Income sleeve.
Hard limits, always.
- Position cap
- 5% of NAV
- Sector cap
- 25% of NAV
- Single trade cap
- 3% of NAV
- Dry powder
- UST bills (FI sleeve)
- Stop-loss alert
- −15% position
Help steward the next chapter of the Fund.
Applications for the Class of 2027 are closed. Every member starts as a general analyst and specializes in the spring. Get in touch if you want to hear when the next cycle opens.