The Minutemen Fixed Income Fund (MFIF) is an exclusive student-run investment fund focused on high yield corporate bonds. It aims to provide hands-on experience in the fixed-income market for undergraduate students through several credit pitches each semester as well as tri-weekly meetings featuring credit lessons, Bloomberg terminal lessons, financial modeling lessons, and market discussions. Each MFIF analyst is assigned to a specific sector in which they research a companies high yield corporate bonds and develop credit reports utilizing SEC filings, earnings calls, and three statement modeling in order to create investment theses and present these recommendations to peers.
The fund features five coverage sectors, with each sector belonging to two junior/senior analyst pairs. In addition, a sector head is assigned to provide junior analysts with additional support and more in-depth sector and market knowledge. Our leadership team consists of a President, Chairman, and Portfolio Manager who lead our weekly meetings and conduct fund administrative duties.
Below are just some of the competitive firms our members have placed into:
MFIF recruits new applicants twice a year; once at the end of each semester. We also offer a diversity initiative program known as the Diversity In Fixed Income Program (DIFI) which is a small program focused on aiding diversity students in the finance world. Many DIFI participants later go on to join MFIF itself, but it is not a requirement. The Analyst Program is open to all UMass Amherst students, including non-business majors. We typically welcome 3-5 new junior analysts each semester. The Analyst Program is a rigorous process throughout the semester and collegiate careers. Accepted students enter as junior analysts, joining our tri-weekly lessons and discussions and learning credit analysis. Junior analysts also research and pitch 2 credit investments per semester with help from their senior analysts. Each analyst is divided into our 5 coverage sectors from which they pitch a bond. The program is only open to freshmen and sophomore applicants. The Diversity In Fixed Income Program (DIFI) is a new diversity initiative for our fund focused on supporting minorities in finance and encouraging diversity in the field. It is open to freshmen and sophomore minority students. The program is separate from our Analyst Program and participants must reapply to the Analyst Program. The DIFI Program is a 9-week education program focused on providing minorities with hands-on experience in investment research, along with career development and mentorship. The program features weekly lessons on various financial topics such as financial modeling and Bloomberg Terminal lessons, as well as 1-on-1 mentorship and support from our analysts.
Please visit our website for more details on available applications: https://www.minutemenfixedincomefund.com/apply