Powerfund Portfolios Performance Review

Powerfund Portfolios Commentary

November 2012 Performance Review

December 5, 2012
Category: 
Powerfund Portfolios

Slowly but surely the Powerfund Portfolios are inching up on the S&P 500’s double-digit 2012 return. Competing against the S&P is a challenge because the portfolios are almost always at a lower risk profile because of our allocation to bonds. Even when we are closer heavily allocated to stocks and light on bonds (usually after big slides in the market) we are more diversified than the S&P 500. ...read the rest of this article»

Stock Funds1mo %
iShares MSCI Japan Index (EWJ)2.98%
Satuit Capital Micro Cap (SATMX)2.73%
Vanguard Europe Pacific ETF (VEA)2.71%
Vanguard European ETF (VGK)2.48%
[Benchmark] Vanguard International Index (VTMGX)2.43%
PRIMECAP Odyssey Growth (POGRX)2.32%
Scout International Discovery (UMBDX)2.01%
Homestead Value Fund (HOVLX)1.96%
[Benchmark] Vanguard Emerging Markets Stock Index (VEIEX)1.33%
Royce Financial Services Fund (RYFSX)0.60%
[Benchmark] Vanguard 500 Index (VFINX)0.56%
Health Care Select SPDR (XLV)0.53%
Jensen Value J (JNVSX)0.49%
PowerShares DB US Dollar Index (UUP)0.14%
Vanguard Value ETF (VTV)-0.74%
Vanguard Telecom Services ETF (VOX)-0.78%
American Century Utility Income (BULIX)-3.06%
PowerShares DB Crude Oil Dble Short (DTO)-5.17%
Bond Funds1mo %
Vanguard Extended Duration Treasury (EDV)1.78%
Metropolitan West Total Return (MWTRX)0.58%
Vanguard Long-Term Bond Index ETF (BLV)0.41%
Doubleline Total Return Bond (DLTNX)0.35%
American Century Government Bond (CPTNX)0.27%
American Century Core Plus (ACCNX)0.20%
[Benchmark] Vanguard Total Bond Index (VBMFX)0.19%

October 2012 Performance Review

November 2, 2012
Category: 
Powerfund Portfolios

The good times for stocks came to an end in October, though not too abruptly. The S&P 500 was down 1.86% for the month, but is still up an impressive 14.16% for the year. The recent storm hitting the financial epicenter of America and the world had no negative impact on stocks other than a historic closing of the exchange. Surprisingly, foreign stocks did well while emerging market stocks declined. Bonds were essentially flat for the month, as were both Powerfund Portfolios.  ...read the rest of this article»

Stock Funds1mo %
PowerShares DB Crude Oil Dble Short (DTO)9.70%
Vanguard Telecom Serv ETF (VOX)5.96%
Vanguard Emerging Markets Stock Index (VEIEX)5.32%
Scout International Discovery (UMBDX)4.88%
Satuit Capital Micro Cap (SATMX)4.69%
Royce Financial Services Fund (RYFSX)3.94%
Health Care Select SPDR (XLV)3.30%
Vanguard International Index (VTMGX)2.82%
Vanguard 500 Index (VFINX)2.58%
American Century Utility Income (BULIX)2.38%
Jensen Value J (JNVSX)2.32%
Vanguard Value ETF (VTV)2.23%
Homestead Value Fund (HOVLX)1.78%
iShares MSCI Japan Index (EWJ)1.21%
PRIMECAP Odyssey Growth (POGRX)1.18%
Vanguard European ETF (VGK)0.62%
Vanguard Europe Pacific ETF (VEA)0.58%
PowerShares DB US Dollar Index (UUP)-1.70%
Bond Funds1mo %
Metropolitan West Total Return (MWTRX)0.56%
Vanguard Long-Term Bond Index ETF (BLV)0.48%
Vanguard Extended Duration Treasury (EDV)0.35%
Doubleline Total Return Bond (DLTNX)0.18%
American Century Core Plus (ACCNX)0.18%
Vanguard Total Bond Index (VBMFX)0.11%
American Century Government Bond (CPTNX)-0.28%

September 2012 Performance Review

October 2, 2012
Category: 
Powerfund Portfolios

2012 is turning out to be a good year for stocks and bonds. With September’s 2.58% increase in the S&P 500 equities are up just over 16% since Jan 1. The YTD total bond market fund is up 4% through the end of September. This in the face of on-again-off-again Euro death spiral news and a domestic economy that, while not stalling, is sputtering or at least misfiring outside of technology.  ...read the rest of this article»

Stock Funds1mo %
PowerShares DB Crude Oil Dble Short (DTO)9.70%
Vanguard Telecom Serv ETF (VOX)5.96%
Vanguard Emerging Markets Stock Index (VEIEX)5.32%
Scout International Discovery (UMBDX)4.88%
Satuit Capital Micro Cap (SATMX)4.69%
Royce Financial Services Fund (RYFSX)3.94%
Health Care Select SPDR (XLV)3.30%
Vanguard International Index (VTMGX)2.82%
Vanguard 500 Index (VFINX)2.58%
American Century Utility Income (BULIX)2.38%
Jensen Value J (JNVSX)2.32%
Vanguard Value ETF (VTV)2.23%
Homestead Value Fund (HOVLX)1.78%
iShares MSCI Japan Index (EWJ)1.21%
PRIMECAP Odyssey Growth (POGRX)1.18%
Vanguard European ETF (VGK)0.62%
Vanguard Europe Pacific ETF (VEA)0.58%
PowerShares DB US Dollar Index (UUP)-1.70%
Bond Funds1mo %
Doubleline Total Return Bond (DLTNX)1.10%
Metropolitan West Total Return (MWTRX)1.07%
American Century Core Plus (ACCNX)0.19%
Vanguard Total Bond Index (VBMFX)0.11%
American Century Government Bond (CPTNX)-0.09%
Vanguard Long-Term Bond Index ETF (BLV)-0.69%
Vanguard Extended Duration Treasury (EDV)-2.54%

August 2012 Performance Review

September 1, 2012
Category: 
Powerfund Portfolios

In the absence of scary economic news, stocks drift higher – like the roughly 2.25% gain in August. We would expect this to continue if we avoid a deep recession and any debt market shocks that drive rates higher.  ...read the rest of this article»

Stock Funds1mo %
Vanguard European ETF (VGK)4.68%
Vanguard International Index (VTMGX)3.15%
Vanguard Europe Pacific ETF (VEA)3.29%
Royce Financial Services Fund (RYFSX)2.92%
Vanguard 500 Index (VFINX)2.24%
PRIMECAP Odyssey Growth (POGRX)2.47%
Homestead Value Fund (HOVLX)2.13%
Satuit Capital Micro Cap (SATMX)1.92%
Scout International Discovery (UMBDX)1.81%
Jensen Value J (JNVSX)1.69%
Vanguard Value ETF (VTV)1.48%
Health Care Select SPDR (XLV)1.17%
iShares MSCI Japan Index (EWJ)0.78%
Vanguard Emerging Markets Stock Index (VEIEX)0.43%
Vanguard Telecom Services ETF (VOX)-0.04%
PowerShares DB US Dollar Index (UUP)-1.81%
American Century Utility Income (BULIX)-2.96%
PowerShares DB Crude Oil Dble Short (DTO)-19.31%
Bond Funds1mo %
Doubleline Total Return Bond (DLTNX)1.10%
Metropolitan West Total Return (MWTRX)1.07%
American Century Core Plus (ACCNX)0.19%
Vanguard Total Bond Index (VBMFX)0.05%
American Century Government Bond (CPTNX)-0.09%
Vanguard Long-Term Bond Index ETF (BLV)-0.69%
Vanguard Extended Duration Treasury (EDV)-2.54%

July 2012 Performance Review

August 2, 2012
Category: 
Powerfund Portfolios

The rebound in stocks at the end of June carried through to July, though with some slides along the way. It’s a market scared of another collapse, yet it keeps finding support from (probably) not much else than the trillions of dollars globally that needs to be invested and the fact that cash and bonds should be very low return assets for the next few years. ...read the rest of this article»

June 2012 Performance Review

July 3, 2012
Category: 
Powerfund Portfolios

The S&P 500 Index got off to a rocky start in June but ended up with a just over 4% gain for the month, pushing the index to a near 10% return so far in 2012. Bonds were basically flat even as investors stuffed tens of billions of new money into bond funds while taking money out of stocks. The Vanguard S&P 500 now yields significantly more than the bond index fund: 2.2% vs. 1.88%, both including fund fees.  ...read the rest of this article»

May 2012 Performance Review

June 2, 2012
Category: 
Powerfund Portfolios

Apparently somebody jumped the gun on the whole stock market ‘sell in May and go away’ cliché. U.S. stocks have been going down since early April, but the selling picked up last month - resulting in a 6% S&P 500 slide and turning the 1-year return for the benchmark negative.  ...read the rest of this article»

April 2012 Performance Review

May 2, 2012
Category: 
Powerfund Portfolios

Fund investors continue pulling money out of stock funds. We see around $10+ billion a month come out of ordinary mutual funds – an investment class that is in long term decline. If it wasn’t’ for 401k assets, there would be big problems in the mutual fund industrial complex. ETFs continue to bring in money to offset these losses in total fund assets. ...read the rest of this article»

March 2012 Performance Review

April 2, 2012
Category: 
Powerfund Portfolios

Stocks remained strong in March. Investments considered safe havens did poorly, from bonds to precious metals. Even the market volatility measure, the VIX, slid as the stock market’s potential downside seemed to shrink. There will be no double-dip recession, and perhaps no collapse of Europe. Even though investors optimism on US stocks continued to grow, the underperformance in what typically would do well as investors embraced risk - emerging markets - continued. ...read the rest of this article»

February 2012 Performance Review

March 2, 2012
Category: 
Powerfund Portfolios

Typically emerging market stocks rebound faster than the US stock market when the market heads back up (like we saw in January) but there seems to be some fears around that the emerging markets era of outperformance is waning and the US may be more insulated than faster growing markets from Europe’s ongoing troubles.  ...read the rest of this article»

Syndicate content