| Year | Strat | MCFTR | Δ |
|---|---|---|---|
| 2026* | -15.7% | -16.8% | +1.1% |
| 2025 | -4.5% | +2.9% | -7.4% |
| 2024 | +7.7% | +1.6% | +6.1% |
| 2023 | +88.7% | +53.8% | +34.8% |
| 2022 | -18.7% | -37.3% | +18.5% |
| 2021 | +31.4% | +21.8% | +9.6% |
| 2020 | +32.2% | +14.8% | +17.4% |
| 2019* | +17.6% | +1.4% | +16.3% |
| 2018* | +0.0% | — | — |
RU non-financials ranked by FVC value-creation (governance-adjusted, gated >= +15%%), the same metric shown on /company pages. Top 10, equal weight, monthly. Total return (dividends reinvested).
| Period | Strategy | MCFTR | vs index |
|---|---|---|---|
| Day | -5.8% | +0.6% | -6.4% |
| Week | -5.5% | -0.1% | -5.5% |
| Month | +2.2% | -1.3% | +3.5% |
| # | Holding | Weight | Day | potential |
|---|---|---|---|---|
| 1 | RTKM fundamental value-creation potential +229% (governance-adjusted). | 10.0% | -3.2% | 229% |
| 2 | DATA fundamental value-creation potential +79% (governance-adjusted). | 10.0% | -4.4% | 79% |
| 3 | PIKK fundamental value-creation potential +67% (governance-adjusted). | 10.0% | -4.1% | 67% |
| 4 | VSEH fundamental value-creation potential +65% (governance-adjusted). | 10.0% | -2.5% | 65% |
| 5 | X5 fundamental value-creation potential +50% (governance-adjusted). | 10.0% | -4.1% | 50% |
| 6 | FLOT fundamental value-creation potential +44% (governance-adjusted). | 10.0% | +0.5% | 44% |
| 7 | OZON fundamental value-creation potential +43% (governance-adjusted). | 10.0% | -20.1% | 43% |
| 8 | EUTR fundamental value-creation potential +37% (governance-adjusted). | 10.0% | -5.9% | 37% |
| 9 | PRMD fundamental value-creation potential +34% (governance-adjusted). | 10.0% | +1.4% | 34% |
| 10 | VKCO fundamental value-creation potential +34% (governance-adjusted). | 10.0% | -9.6% | 34% |
| Rebalance | Signal | Holding | Price (RUB) | Weight | Result |
|---|---|---|---|---|---|
| 17 Aug 2026 | Buy | RTKM Rostelecom fundamental value-creation potential +229% (governance-adjusted). | 40.24 | 10.0% | — |
| Buy | OZON fundamental value-creation potential +43% (governance-adjusted). | 2 885 | 10.0% | — | |
| Buy | VKCO VK company fundamental value-creation potential +34% (governance-adjusted). | 130.35 | 10.0% | — | |
| Sell | BELU Beluga dropped out of the top ranking (entry score was 23%) | 259.00 | — | -6.2% | |
| Sell | POSI Positive dropped out of the top ranking (entry score was 22%) | 877.20 | — | +12.0% | |
| Sell | OZPH Ozon Pharm dropped out of the top ranking (entry score was 21%) | 41.87 | — | -7.7% | |
| 3 Aug 2026 | Buy | OZPH Ozon Pharm fundamental value-creation potential +21% (governance-adjusted). | 45.37 | 10.0% | — |
| Sell | YDEX Yandex dropped out of the top ranking (entry score was 49%) | 3 973 | — | +6.0% | |
| 11 Jul 2026 | Buy | EUTR Evrotrans AO fundamental value-creation potential +26% (governance-adjusted). | 46.65 | 10.0% | — |
| Sell | OZPH Ozon Pharm dropped out of the top ranking (entry score was 22%) | 39.77 | — | -4.2% | |
| 5 Jul 2026 | Buy | OZPH Ozon Pharm fundamental value-creation potential +22% (governance-adjusted). | 41.50 | 10.0% | — |
| Sell | AFLT Aeroflot dropped out of the top ranking (entry score was 33%) | 38.88 | — | -1.0% | |
| 2 Jul 2026 | Buy | AFLT Aeroflot fundamental value-creation potential +33% (governance-adjusted). | 39.29 | 10.0% | — |
| Buy | POSI Positive fundamental value-creation potential +25% (governance-adjusted). | 783.40 | 10.0% | — | |
| Sell | OZON dropped out of the top ranking (entry score was 36%) | 3 265 | — | -9.4% | |
| Sell | OZPH Ozon Pharm dropped out of the top ranking (entry score was 32%) | 42.49 | — | +2.6% | |
| 23 Jun 2026 initial book | Buy | DATA ArenaData fundamental value-creation potential +82% (governance-adjusted). | 76.00 | 10.0% | — |
| Buy | VSEH VseInstrumenti fundamental value-creation potential +71% (governance-adjusted). | 64.65 | 10.0% | — | |
| Buy | PIKK PIK Group fundamental value-creation potential +65% (governance-adjusted). | 579.70 | 10.0% | — | |
| Buy | YDEX Yandex fundamental value-creation potential +45% (governance-adjusted). | 3 748 | 10.0% | — | |
| Buy | FLOT SCF Group fundamental value-creation potential +45% (governance-adjusted). | 73.45 | 10.0% | — | |
| Buy | X5 X5 Retail Group fundamental value-creation potential +43% (governance-adjusted). | 2 256 | 10.0% | — | |
| Buy | OZON fundamental value-creation potential +36% (governance-adjusted). | 3 603 | 10.0% | — | |
| Buy | OZPH Ozon Pharm fundamental value-creation potential +32% (governance-adjusted). | 41.40 | 10.0% | — | |
| Buy | PRMD Promomed fundamental value-creation potential +31% (governance-adjusted). | 377.05 | 10.0% | — | |
| Buy | BELU Beluga fundamental value-creation potential +22% (governance-adjusted). | 276.00 | 10.0% | — |
Prices are the frozen close on the signal date — the price at which the live paper-book starts (buy) or stops (sell) holding the position. Sell result is the price change from the position's own buy signal, dividends not included.