Powerfund Portfolios Performance Review

Powerfund Portfolios Commentary

January 2015 Performance Review

February 3, 2015
Category: 
Powerfund Portfolios

So far, so good. 2015 is off to a nice start. At least for us. The S&P 500 was down 3% while both of our portfolios were up just over 2%. That's a 5% performance gap, and it's only been four weeks. ...read the rest of this article»

Stock Funds1mo %
PowerShares DB Crude Oil Dble Short (DTO)25.88%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)0.90%
Vanguard Europe Pacific ETF (VEA)0.71%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)0.67%
iShares MSCI BRIC Index (BKF)0.57%
Vanguard European ETF (VGK)0.52%
Artisan Global Equity (ARTHX)0.25%
American Century Utility Income (BULIX)-0.11%
Vanguard MegaCap Growth (MGK)-1.42%
Vanguard Telecom Services ETF (VOX)-1.90%
PRIMECAP Odyssey Growth (POGRX)-1.96%
Wasatch Frontier Emerg Sm Count (WAFMX)-2.26%
Wasatch Long/Short (FMLSX)-2.35%
[Benchmark] Vanguard 500 Index (VFINX)-3.01%
Satuit Capital Micro Cap (SATMX)-3.58%
Gold Short (DZZ)-16.93%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)14.25%
Vanguard Long-Term Bond Index ETF (BLV)6.56%
[Benchmark] Vanguard Total Bond Index (VBMFX)2.31%
Vanguard Mortgage-Backed Securities (VMBS)0.89%
DoubleLine Floating Rate N (DLFRX)0.62%

December 2014 Performance Review

January 7, 2015
Category: 
Powerfund Portfolios

Another year is in the can, and what a year it was. On the surface, 2014 was a great one: the economy ended on a high note and the U.S. stock market shook off a late-year slide to post a 13.51% 12-month return. This on top of the bond market's near 6% gain (and 2014 was supposed to be the year of the great bond collapse). How could an investor perform poorly in such an environment? All too easily, it turns out. ...read the rest of this article»

Stock Funds1mo %
PowerShares DB Crude Oil Dble Short (DTO)39.80%
Satuit Capital Micro Cap (SATMX)4.39%
American Century Utility Income (BULIX)1.54%
Wasatch Long/Short (FMLSX)-0.11%
[Benchmark] Vanguard 500 Index (VFINX)-0.27%
Wasatch Frontier Emerg Sm Count (WAFMX)-0.86%
Vanguard MegaCap Growth (MGK)-1.06%
PRIMECAP Odyssey Growth (POGRX)-1.23%
Artisan Global Equity (ARTHX)-2.41%
Gold Short (DZZ)-3.20%
Vanguard Telecom Services ETF (VOX)-3.30%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)-3.73%
Vanguard Europe Pacific ETF (VEA)-3.77%
Vanguard European ETF (VGK)-4.69%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)-4.97%
iShares MSCI BRIC Index (BKF)-5.27%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)5.33%
Vanguard Long-Term Bond Index ETF (BLV)2.13%
[Benchmark] Vanguard Total Bond Index (VBMFX)0.09%
Vanguard Mortgage-Backed Securities (VMBS)0.08%
DoubleLine Floating Rate N (DLFRX)-0.56%

November 2014 Performance Review

December 3, 2014
Category: 
Powerfund Portfolios

The U.S. stock market, fueled at least partially by (what now seems like) permanently low interest rates and a lack of investment opportunity abroad, is on to new highs again. The strange thing is that oil is plunging, non-U.S. economies are weak, and recent Black Friday sales were lackluster. You'd almost think we were in another global recession.  ...read the rest of this article»

Stock Funds1mo %
PowerShares DB Crude Oil Dble Short (DTO)33.19%
PRIMECAP Odyssey Growth (POGRX)4.17%
Vanguard MegaCap Growth (MGK)3.09%
[Benchmark] Vanguard 500 Index (VFINX)2.68%
Vanguard European ETF (VGK)2.07%
Artisan Global Equity (ARTHX)1.23%
Gold Short (DZZ)1.17%
Vanguard Telecom Services ETF (VOX)0.88%
American Century Utility Income (BULIX)0.70%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)0.08%
Vanguard Europe Pacific ETF (VEA)0.00%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)-1.00%
iShares MSCI BRIC Index (BKF)-1.31%
Satuit Capital Micro Cap (SATMX)-1.33%
Wasatch Long/Short (FMLSX)-1.67%
Wasatch Frontier Emerg Sm Count (WAFMX)-2.15%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)4.34%
Vanguard Long-Term Bond Index ETF (BLV)1.70%
Vanguard Mortgage-Backed Securities (VMBS)0.72%
[Benchmark] Vanguard Total Bond Index (VBMFX)0.65%
DoubleLine Floating Rate N (DLFRX)0.43%

October 2014 Performance Review

November 4, 2014
Category: 
Powerfund Portfolios

And poof it was gone. So much for our stock market correction, which abruptly reversed course a mere month after its start and before it became a 10% "correction" (at least for U.S. stocks). The recovery was slightly faster than the drop, and as of now has taken the stock market a tad higher than the previous peak of September 18th.  ...read the rest of this article»

Stock Funds1mo %
PowerShares DB Crude Oil Dble Short (DTO)21.49%
American Century Utility Income (BULIX)7.16%
Gold Short (DZZ)6.26%
Artisan Global Equity (ARTHX)4.51%
Vanguard MegaCap Growth (MGK)2.84%
PRIMECAP Odyssey Growth (POGRX)2.71%
[Benchmark] Vanguard 500 Index (VFINX)2.42%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)2.31%
iShares MSCI BRIC Index (BKF)2.26%
Satuit Capital Micro Cap (SATMX)2.25%
Vanguard Telecom Services ETF (VOX)2.09%
Vanguard Europe Pacific ETF (VEA)0.18%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)-0.47%
Wasatch Long/Short (FMLSX)-0.98%
Vanguard European ETF (VGK)-1.42%
Wasatch Frontier Emerg Sm Count (WAFMX)-1.81%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)4.19%
Vanguard Long-Term Bond Index ETF (BLV)1.92%
[Benchmark] Vanguard Total Bond Index (VBMFX)0.94%
Vanguard Mortgage-Backed Securities (VMBS)0.82%
DoubleLine Floating Rate N (DLFRX)0.55%

September 2014 Performance Review

October 2, 2014
Category: 
Powerfund Portfolios

September was a down month all around, except for those who are aggressively shorting. Although we are doing a little of that in our Aggressive portfolio, our modest short allocation didn't generate enough upside to make up for the dual slides in bonds and stocks.  ...read the rest of this article»

Stock Funds1mo %
Gold Short (DZZ)12.29%
PowerShares DB Crude Oil Dble Short (DTO)7.59%
Wasatch Frontier Emerg Sm Count (WAFMX)-0.30%
Vanguard Telecom Services ETF (VOX)-1.27%
[Benchmark] Vanguard 500 Index (VFINX)-1.42%
Vanguard MegaCap Growth (MGK)-1.44%
American Century Utility Income (BULIX)-2.04%
PRIMECAP Odyssey Growth (POGRX)-2.38%
Wasatch Long/Short (FMLSX)-3.27%
Artisan Global Equity (ARTHX)-3.46%
Satuit Capital Micro Cap (SATMX)-3.90%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)-4.19%
Vanguard European ETF (VGK)-4.43%
Vanguard Europe Pacific ETF (VEA)-4.65%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)-7.16%
iShares MSCI BRIC Index (BKF)-9.41%
Bond Funds1mo %
DoubleLine Floating Rate N (DLFRX)-0.61%
[Benchmark] Vanguard Total Bond Index (VBMFX)-0.74%
Vanguard Long-Term Bond Index ETF (BLV)-2.49%
Vanguard Extended Duration Treasury (EDV)-2.99%

August 2014 Performance Review

September 3, 2014
Category: 
Powerfund Portfolios

It seems the only record left to break is the old high in the NASDAQ, circa March 10th 2000. The tech-heavy benchmark finished that day at a delirious 5,048.62 — a mere 10% rise from today's level. If only Pets.com stuck around long enough to make an app with GPS tracking of your dog food order... ...read the rest of this article»

Stock Funds1mo %
PRIMECAP Odyssey Growth (POGRX)5.89%
Vanguard MegaCap Growth (MGK)4.45%
[Benchmark] Vanguard 500 Index (VFINX)3.99%
Satuit Capital Micro Cap (SATMX)3.97%
iShares MSCI BRIC Index (BKF)3.92%
American Century Utility Income (BULIX)3.90%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)3.57%
Artisan Global Equity (ARTHX)3.07%
PowerShares DB Crude Oil Dble Short (DTO)2.61%
Wasatch Long/Short (FMLSX)1.88%
Vanguard European ETF (VGK)0.73%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)0.30%
Vanguard Europe Pacific ETF (VEA)0.26%
Wasatch Frontier Emerg Sm Count (WAFMX)0.00%
Gold Short (DZZ)-0.46%
Vanguard Telecom Services ETF (VOX)-0.65%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)6.98%
Vanguard Long-Term Bond Index ETF (BLV)3.98%
[Benchmark] Vanguard Total Bond Index (VBMFX)1.13%
PIMCO BOND ETF (BOND)1.06%
PIMCO Mortgage Opportunities D (PMZDX)0.48%
DoubleLine Floating Rate N (DLFRX)0.21%

July 2014 Performance Review

August 3, 2014
Category: 
Powerfund Portfolios

Stocks finally took a breather at the end of the month as investor enthusiasm for newer startup and growth stocks may have hit an old economy wall of debt problems in Argentina and political instability in multiple locations. The global stock and bond market can't live on Facebook earnings and iPhone 6 expectations alone.  ...read the rest of this article»

Stock Funds1mo %
PowerShares DB Crude Oil Dble Short (DTO)13.04%
Gold Short (DZZ)6.91%
iShares MSCI BRIC Index (BKF)3.87%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)1.46%
Wasatch Frontier Emerg Sm Count (WAFMX)1.22%
Vanguard Telecom Services ETF (VOX)1.18%
Vanguard Europe Pacific ETF (VEA)-1.21%
Vanguard MegaCap Growth (MGK)-1.29%
[Benchmark] Vanguard 500 Index (VFINX)-1.39%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)-2.27%
PRIMECAP Odyssey Growth (POGRX)-2.38%
Wasatch Long/Short (FMLSX)-2.42%
Artisan Global Equity (ARTHX)-2.46%
Vanguard European ETF (VGK)-4.32%
American Century Utility Income (BULIX)-4.71%
Satuit Capital Micro Cap (SATMX)-5.80%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)1.48%
PIMCO Mortgage Opportunities D (PMZDX)0.19%
Vanguard Long-Term Bond Index ETF (BLV)-0.01%
DoubleLine Floating Rate N (DLFRX)-0.05%
[Benchmark] Vanguard Total Bond Index (VBMFX)-0.26%
PIMCO BOND ETF (BOND)-0.28%

June 2014 Performance Review

July 1, 2014
Category: 
Powerfund Portfolios

The market seems to be moving up on a combination of low interest rates, an economy that isn't quite as weak as feared, and a hot market for smaller growth stocks.  ...read the rest of this article»

Stock Funds1mo %
PRIMECAP Odyssey Growth (POGRX)3.83%
Satuit Capital Micro Cap (SATMX)3.58%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)3.00%
iShares MSCI BRIC Index (BKF)2.74%
American Century Utility Income (BULIX)2.59%
Vanguard MegaCap Growth (MGK)2.16%
Artisan Global Equity (ARTHX)2.14%
Wasatch Long/Short (FMLSX)2.11%
[Benchmark] Vanguard 500 Index (VFINX)2.05%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)1.06%
Vanguard Telecom Services ETF (VOX)0.31%
Vanguard European ETF (VGK)-0.09%
Vanguard Europe Pacific ETF (VEA)-0.16%
Wasatch Frontier Emerg Sm Count (WAFMX)-0.60%
PowerShares DB Crude Oil Dble Short (DTO)-6.43%
Gold Short (DZZ)-12.64%
Bond Funds1mo %
DoubleLine Floating Rate N (DLFRX)0.36%
Vanguard Long-Term Bond Index ETF (BLV)0.23%
PIMCO BOND ETF (BOND)0.17%
PIMCO Mortgage Opportunities D (PMZDX)0.13%
[Benchmark] Vanguard Total Bond Index (VBMFX)0.11%
Vanguard Extended Duration Treasury (EDV)-0.28%

May 2014 Performance Review

June 2, 2014
Category: 
Powerfund Portfolios

In May, lingering global stock and bond market fears evaporated like air conditioner condensation on hot asphalt. We even had a (hopefully) weather-induced  negative first quarter GDP figure. Previously lagging emerging markets rebounded while the S&P 500 gained over 2%. More surprising (to some) was a retreat in interest rates, pushing bond prices higher and likely playing a role in stock prices rising. ...read the rest of this article»

Stock Funds1mo %
Gold Short (DZZ)5.94%
iShares MSCI BRIC Index (BKF)4.48%
Vanguard Telecom Services ETF (VOX)3.87%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)3.72%
Vanguard MegaCap Growth (MGK)3.59%
PRIMECAP Odyssey Growth (POGRX)2.71%
[Benchmark] Vanguard 500 Index (VFINX)2.34%
Vanguard Europe Pacific ETF (VEA)1.77%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)1.63%
Artisan Global Equity (ARTHX)1.62%
Wasatch Frontier Emerg Sm Count (WAFMX)1.53%
Vanguard European ETF (VGK)0.78%
Wasatch Long/Short (FMLSX)0.67%
American Century Utility Income (BULIX)0.57%
Satuit Capital Micro Cap (SATMX)-1.76%
PowerShares DB Crude Oil Dble Short (DTO)-7.58%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)4.10%
Vanguard Long-Term Bond Index ETF (BLV)2.07%
PIMCO BOND ETF (BOND)1.50%
[Benchmark] Vanguard Total Bond Index (VBMFX)1.05%
PIMCO Mortgage Opportunities D (PMZDX)1.02%
DoubleLine Floating Rate N (DLFRX)0.43%

April 2014 Performance Review

May 3, 2014
Category: 
Powerfund Portfolios

April was similar to March in that conservative investments outperformed growth. This again played well into our Conservative portfolio, which posted a 1.28% return in April. That beat the stock and bond markets and continued this year's nice streak. ...read the rest of this article»

Stock Funds1mo %
Vanguard European ETF (VGK)4.16%
Wasatch Frontier Emerg Sm Count (WAFMX)2.84%
Vanguard Europe Pacific ETF (VEA)2.62%
American Century Utility Income (BULIX)2.26%
PowerShares DB Crude Oil Dble Short (DTO)1.76%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)1.51%
Wasatch Long/Short (FMLSX)0.98%
[Benchmark] Vanguard 500 Index (VFINX)0.72%
Vanguard MegaCap Growth (MGK)0.55%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)0.51%
Artisan Global Equity (ARTHX)-0.68%
Vanguard Telecom Services ETF (VOX)-0.81%
iShares MSCI BRIC Index (BKF)-0.86%
Gold Short (DZZ)-0.90%
PRIMECAP Odyssey Growth (POGRX)-3.94%
Satuit Capital Micro Cap (SATMX)-5.01%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)2.95%
Vanguard Long-Term Bond Index ETF (BLV)2.40%
[Benchmark] Vanguard Total Bond Index (VBMFX)0.77%
PIMCO BOND ETF (BOND)0.66%
PIMCO Mortgage Opportunities D (PMZDX)0.38%
DoubleLine Floating Rate N (DLFRX)-0.06%
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