Investment Policy Statement It is the goal of Stuart Investments not to create any liabilities for the Illinois Institute of Technology (IIT) and to maintain the integrity of the fund. Upon the decision of the general legal counsel of the University, Stuart Investments will respectfully comply with any regulatory measures that the counsel provides. The purpose of this statement is to create rules and guidelines to protect IIT.

1. Open to all students at Illinois Institute of Technology
2. One time fee of $50* (students) $100* (faculty & staff)
3. Members are permitted to:
   • Participate on a sector team
   • Vote in trade decisions
   • Must be in good attendance standing as defined by the voting procedures.
   • Attend all functions

1. Cash, stock, non-cash and matching donations will be accepted.
2. Checks must be written to ‘IIT' with a memo line of ‘for Stuart Investments.'
3. The funds shall be held temporarily with IIT until sufficient funds are accumulated.
4. The funds shall be then transferred to the brokerage account.

1. Each trade is decided by a vote after a presentation is made to the organization.
2. The fund manager will make trades on behalf of the fund.
3. The fund manager is to submit the funds wishes via email with the presentation provided by the sector.

1. Students may only purchase long US stock positions, with all un-deployed funds being held in a money-market account.
2. Each position must be held for at least 30 days in accordance with the broker-dealer relationship of the faculty advisor.
3. To create a diverse portfolio, there shall be five sectors.
4. Each individual sector starts with 1/5 of the total assets of the fund. Each stock position at the time of purchase may not be more than 1/5 of the total fund.
5. Stop loss policy is designed to prevent losses of 1/3 of the position or greater, but the market may not prevent this.
6. All purchases shall be in stocks with positive earnings for the trailing 12 months.
7. All purchases shall be in stocks whose P/E ratio is no greater than twice the multiple of the S&P500

1. Each sector shall have less than 1/3 of the total fund.
2. If a sector surpasses more than 1/3 the fund shall rebalance to the original 1/5.
3. The rebalance shall be approved by the faculty advisor.
4. The fund shall be reviewed on a quarterly basis.

1. Stuart Investments has the ability to liquidate or dissolve the fund.
2. Liquidation may only occur with approval of the Board of Directors.
3. In the event of dissolution, the residual assets of SI will be turned over to Illinois Institute of Technology, an organization which is exempt as an organization described in section 501(c)(3) and  170(c)(3) of the Internal Revenue Code, or to the State, or local government for exclusive public purpose.

A 2/3 rd majority vote of the members and approval of faculty advisor is required to amend any of the above rules.

Stuart Investments is an integral part of the student learning experience. The policies and procedures set forth in this document are part of that experience. This organization is in a unique position to offer great value to its members. It will continue to uphold the highest standards of ethics and investing.