Island Light Capital Profile Picture Investment Adviser

Island Light Capital

Island Light Capital

  • EducationHarvard University; Boston University
  • QualificationsBA Economics; Certificate in Financial Planning
  • Founded2012

Aggressive Portfolio

Island Light's Global ETF Portfolios are diversified across fixed income, global equity and real assets. Our Aggressive Portfolio has a 90% target global equity allocation.

We believe in the efficiency of markets and the power of intelligent diversification. As a result, we tend to select securities that track their indexes closely.

We seek asset classes that have long-term growth potential, such as emerging markets and U.S. small cap stocks.

Island Light also includes gold as an asset class for its unique risk characteristics and believe that it has a place in investors' portfolios.

Risk score

Risk Score 3

Best 30 days


Worst 30 days


  • 1.8%
    30 day
  • 2.7%
    90 day
  • 11.0%
    365 day
    January 14, 2013
Monthly vs S&P500
Island Light Capital - Aggressive Portfolio Monthly vs S&P500
-11.2% 12 months
  • $20,000 subscription min
  • Margin account required
  • 0.5% fee


  • Replicable

Top 5 Holdings View all


Portfolio commentary

  1. Global growth, valuations and central banks will power stocks

    24 April 2014

    The basic pillars supporting the market are still intact.

  2. What's driving the quiet rally in tax-free muni bonds 22 April 2014
  3. Are consumer discretionary stocks the canary in the coal mine? 26 March 2014
  4. Is there a defensive rotation afoot in stocks? 13 March 2014
  5. Why emerging market turmoil is more noise than signal 25 February 2014

show more

Performance detail

  • Manager (net of fees)
  • Dow Jones Moderately Aggressive


Inception January 14, 2013

as of April 23, 2014 Manager (net of fees) Dow Jones Moderately Aggressive S&P 500
Past 30 days 1.8% 1.2% 1.1%
Past 90 days 2.7% 2.0% 3.1%
Past 365 days 11.0% 15.1% 21.3%
Since Inception (Annualized) 11.4% 15.5% 23.6%
2014 (YTD) 2.2% 1.9% 2.1%

Risk metrics

Last 365 days

as of April 23, 2014 Manager (net of fees) Dow Jones Moderately Aggressive S&P 500
Best 30 days 7.7% 7.2% 7.9%
Worst 30 days -8.0% -5.6% -4.8%
Volatility 10.8% 8.4% 11.3%
Sharpe Ratio 1.02 1.79 1.88
Sortino Ratio 1.40 2.30 2.63
Maximum Drawdown -9.0% -6.8% -5.7%
Value-at-risk (95%, 1 week) -2.5% -2.0% -2.6%
vs. Dow Jones Moderately Aggressive vs. S&P 500
Information Ratio - 1.00 - 2.58
Alpha -5.5% -6.8%
Beta 1.20 0.89
R-Squared 0.88 0.88
  • $20,000 subscription min
  • Margin account required
  • 0.5% fee

Latest transactions View all

Average trades per month 1.1
Executed Symbol Security Replicable Type Price
05/17/13 GLD SPDR Gold Shares Yes Sell $131.92
03/18/13 GLD SPDR Gold Shares Yes Buy $155.46
03/18/13 RWR SPDR Dow Jones REIT ETF Yes Buy $76.59
03/18/13 EWX SPDR S&P Emerging Markets SmallCap ETF Yes Buy $47.40
03/18/13 VWO Vanguard FTSE Emerging Markets ETF Yes Buy $42.87
03/18/13 VSS Vanguard FTSE All World ex-US Small-Cap ETF Yes Buy $94.61
03/18/13 EWJ iShares MSCI Japan ETF Yes Buy $10.61
03/18/13 EPP iShares MSCI Pacific ex Japan ETF Yes Buy $49.71

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions, and broker commissions. Manager returns include trades that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More
  3. Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying portfolio. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.
  9. These securities are currently held in the portfolio manager's brokerage account. Holdings in the "Replicable Holdings" table currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.
  10. These transactions were executed in the portfolio manager's brokerage account. Those marked as "Replicable Transactions" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription trade activity may vary.
  11. S&P 500 Index is an unmanaged index compiled by Standard & Poor´s Corp. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. S&P 500 index data: S&P/Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies Copyright © 2014.
  12. This portfolio was launched on Covestor on March 18, 2013. Trading history prior to launch was audited by Covestor and is consistent with current portfolio strategy. Manager performance incorporates this historical data. This data has not been audited by an independent firm.