2015 MFI Index - Down Over 5%

2015 MFI Index

Greenblatt said that MFI would only "work" 5 years out of 8. This is shaping up as one of the 3.  My index is down about 5.5% in 2015, while the R3K is just slightly negative.  In the second half of 2015, the index is down over 9%!  And while my index is reconstituted every January 1st, my tracking portfolios of April and May are each down double digits. It has been a struggle.

Here is a listing of the 50 stocks in my index and how they've done for the year and 2H:

Stock	Start	30-Jun	Current	YTD Change	2H Change
ADMS	17.37	26.22	15.32	-11.8%	-41.6%
AFOP	14.51	18.55	17.90	23.4%	-3.5%
ANIK	40.74	33.03	34.52	-15.3%	4.5%
APOL	34.11	12.88	10.35	-69.7%	-19.6%
AGX	33.64	40.33	36.40	8.2%	-9.7%
AVID	14.21	13.34	8.83	-37.9%	-33.8%
AWRE	4.54	4.03	3.33	-26.7%	-17.4%
BCOR	13.85	16.15	13.00	-6.1%	-19.5%
BKE	52.52	49.00	38.38	-26.9%	-21.7%
CA	30.45	29.79	29.64	-2.7%	-0.5%
CSCO	27.82	27.86	28.97	4.2%	4.0%
COH	37.56	34.95	30.87	-17.8%	-11.7%
DLX	62.25	62.60	61.60	-1.0%	-1.6%
DEPO	16.11	21.46	19.56	21.4%	-8.9%
EBIX	16.99	32.69	26.70	57.1%	-18.3%
FLR	60.63	53.43	48.06	-20.7%	-10.1%
GME	33.80	43.68	45.01	33.2%	3.0%
GORO	3.38	2.82	3.21	-5.0%	13.8%
ONE	4.21	2.99	2.11	-49.9%	-29.4%
IQNT	19.63	18.55	21.20	8.0%	14.3%
IDCC	52.90	57.29	50.14	-5.2%	-12.5%
IILG	20.89	23.09	18.69	-10.5%	-19.1%
ITRN	22.04	25.26	22.06	0.1%	-12.7%
KING	15.36	15.19	15.56	1.3%	2.4%
LCI	42.88	59.44	45.26	5.6%	-23.9%
LFVN	1.30	0.53	0.82	-36.9%	54.7%
LQDT	8.17	9.63	8.18	0.1%	-15.1%
MSB	17.28	14.24	11.79	-31.8%	-17.2%
NHTC	11.45	41.51	39.71	246.8%	-4.3%
NSR	27.80	29.21	27.51	-1.0%	-5.8%
NUS	43.70	47.83	37.78	-13.5%	-21.0%
PDLI	7.71	6.58	4.81	-37.7%	0.0%
PFMT	6.65	3.24	2.98	-55.2%	-8.0%
PETS	14.37	17.44	16.60	15.5%	-4.8%
PBI	24.37	21.19	21.37	-12.3%	0.9%
RPXC	13.78	16.90	15.04	9.1%	-11.0%
SPOK	17.36	17.09	17.41	0.3%	1.8%
STRA	74.28	43.10	58.60	-21.1%	36.0%
RGR	34.63	57.94	59.94	73.1%	3.5%
TTWO	28.03	27.57	31.89	13.8%	15.7%
TDC	43.68	37.00	28.62	-34.5%	-22.6%
TZOO	12.62	11.28	9.44	-25.2%	-16.3%
TPUB	22.90	15.72	10.00	-56.3%	-36.4%
UBNT	29.64	31.92	34.70	17.1%	8.7%
UIS	29.48	19.99	13.45	-54.4%	-32.7%
USNA	102.59	136.66	123.66	20.5%	-9.5%
VEC	27.40	24.87	23.68	-13.6%	-4.8%
VIAB	75.25	64.97	50.37	-33.1%	-22.5%
WTW	24.84	4.85	6.90	-72.2%	42.3%
WILN	2.99	2.40	2.08	-30.4%	-13.3%
Total	19,816	20,600	18,715	-5.6%	-9.2%

So, not so hot. And if you didn't pick NHTC, you'd be down 10.5%. Whoa. That is pretty bad.

Here are my open MFI tracking portfolios:

10/31/2014	2.7%
11/28/2014	-5.2%
12/31/2014	-5.5%
1/30/2015	-2.4%
2/27/2015	-9.3%
3/27/2015	-8.2%
4/24/2015	-12.6%
5/29/2015	-10.8%
6/26/2015	-9.9%
7/30/2015	-4.1%
8/28/2015	1.0%
9/25/2015	3.8%

You see those figures for April, May and June and then you understand why my May and July 1st tranches are struggling:

5/6/2015	Start	Current	Dividend	Pct Gain	R3K Gain
CBI	$50.38	$44.68	$0.14	-11.0%	-2.6%
PSDV	$4.12	$3.83	$0.00	-7.1%	-2.6%
TSRA	$38.94	$33.25	$0.40	-13.6%	-2.6%
KORS	$62.24	$41.75	$0.00	-32.9%	-2.6%
DEPO	$23.50	$19.56	$0.00	-16.8%	-2.6%
Totals				-16.3%	-2.6%

7/1/2015	Start	Current	Dividend	Pct Gain	R3K Gain
BKE	$46.45	$34.92	$0.46	-23.8%	-2.6%
CA	$29.34	$28.89	$0.25	-0.7%	-2.6%
MSFT	$44.42	$47.01	$0.31	6.5%	-2.6%
QCOM	$62.95	$59.26	$0.48	-5.1%	-2.6%
VIAB	$64.75	$49.24	$0.40	-23.3%	-2.6%
Totals				-9.3%	-2.6%

After seeing Burberry's earnings, I am in no rush to see KORS.