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
3
7.7%

Best 30 days

-8.0%

Worst 30 days

Performance

  • 3.2%
    30 day
  • 5.8%
    90 day
  • 8.1%
    365 day
    March 18, 2013
Monthly vs S&P500
Island Light Capital - Aggressive Portfolio Monthly vs S&P500
-7.6% 12 months
  • $20,000 investment min
  • Margin account required
  • 1% fee

Exposure

95.8%
3.7%
  • Equity Fund
  • Debt Fund

Top 5 securities View all

17.6%
15.6%
10.8%
8.3%
7.8%

Portfolio commentary

  1. Why we upped exposure to utilities and materials

    11 March 2015

    We also eliminated our position in the technology sector.

  2. Investors are living the American dream 29 January 2015
  3. Why we like financials and technology stocks 10 November 2014
  4. Risk adjusted return 101: What it is, and why you should care 5 November 2014
  5. Here are the sectors we're overweighting 6 October 2014

show more


Performance detail

Pre-Covestor performance history

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

Performance

Covestor inception March 18, 2013

as of April 16, 2015 Manager (net of fees) Dow Jones Moderately Aggressive S&P 500
Past 30 days 3.2% 2.9% 1.6%
Past 90 days 5.8% 6.3% 4.8%
Past 365 days 8.1% 10.0% 15.4%
Since Covestor inception (Annualized) 9.0% 11.9% 18.2%
2015 (YTD) 4.9% 5.1% 2.8%
2014 4.7% 5.9% 13.7%

Risk metrics

Last 365 days

as of April 16, 2015 Manager (net of fees) Dow Jones Moderately Aggressive S&P 500
Best 30 days 6.7% 5.9% 9.7%
Worst 30 days -6.8% -5.6% -6.7%
Volatility 10.3% 7.7% 11.5%
Sharpe Ratio 0.79 1.31 1.33
Sortino Ratio 1.14 1.68 1.90
Maximum Drawdown -8.3% -6.9% -7.3%
Value-at-risk (95%, 1 week) -2.4% -1.8% -2.7%
vs. Dow Jones Moderately Aggressive vs. S&P 500
Information Ratio - 0.36 - 2.08
Alpha -2.8% -4.4%
Beta 1.16 0.85
R-Squared 0.75 0.91
  • $20,000 investment min
  • Margin account required
  • 1% fee

Latest transactions View all

Average trades per month 1.7
Executed Symbol Security Replicable Type Price
02/24/15 DBEF Deutsche X-trackers MSCI EAFE Hedged Equity ETF Yes Buy $29.45
02/24/15 MGK Vanguard Mega Cap Growth ETF Yes Sell $85.09
02/24/15 MGV Vanguard Mega Cap Value ETF Yes Sell $61.33
02/24/15 VPL Vanguard FTSE Pacific ETF Yes Sell $60.81
02/24/15 IWM iShares Russell 2000 ETF Yes Sell $122.52
02/24/15 VWO Vanguard FTSE Emerging Markets ETF Yes Sell $41.53
02/24/15 EWX SPDR S&P Emerging Markets SmallCap ETF Yes Sell $44.88
02/24/15 EWC iShares MSCI Canada ETF Yes Sell $27.76

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 and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the asset-weighted average returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment 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 are provided by Covestor, and are intended to serve as a general guide.
  9. Transactions that are marked as "Replicable" 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 investment trade activity may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.
  11. This portfolio was launched on Covestor on March 18, 2013. Trading history prior to launch was reviewed and deemed consistent with current portfolio strategy. This data is included in the main performance chart (displayed as dotted line) but not in the performance metrics below. This data has not been audited by an independent firm.