On Wednesday, March 8, Reagan Cerney discussed adding FedEx to the Industrial Sector of the SMIF Portfolio. Reagan believes that SMIF currently lacks diversification within Industrials – adding a logistics company such as FedEx or UPS would help round out our holdings. When comparing FedEx Vs. UPS, Reagan cited that FedEx has faster shipping times, and more European exposure through the acquisition of TNT. Furthermore, much of UPS’ revenue comes from Amazon; FedEx has no such dependence on a single customer. Reagan also believes that FedEx is currently undervalued – their efforts to improve margins should drive heightened profits in the future. She motioned to purchase FedEx; the motion passed unanimously.