Island Light Capital
EducationHarvard University; Boston University
QualificationsBA Economics; Certificate in Financial Planning
Enlightened Investing is a stable approach to portfolio management, emphasizing quantitative principles and proven investment practices while accentuating asset allocation as the most important determinant of long term success in investment planning.
The Island Light Capital Global ETF Conservative Portfolio is optimally diversified across major asset classes of fixed income, global equity and alternative assets. The Island Light Capital Conservative ETF Portfolio is designed for long term investors seeking current income and long term asset protection. The Portfolio is targeted to a benchmark allocation of 80% fixed income investments and 20% global equities.
Our portfolios seek to capitalize on the premise that markets are relatively macro-inefficient, allowing value to be added at the asset class level using world-class investment technology, superior investment judgment and a disciplined investment process.
We select index Exchange Traded Funds (ETFs) that span the major asset classes available to US investors. We offer a mix of global equities (Large Cap US Value and Growth, US Small Cap, International Developed, Emerging Markets), fixed income (US Treasury, US Corporate, High Yield) and alternative asset classes (Gold, TIPS).
We use ETFs that follow well-established benchmarks, selected based upon their seasoning, liquidity, low expense ratio, low tracking error and other qualitative factors.
We develop capital market estimates using modern statistical techniques that combine our economic and investment views with observations of past market behavior.
We then apply the scientifically-proven technique of resampled efficiency to construct a set of efficient portfolios that incorporate our understanding of market structure with the new capital market estimates. This patented approach is designed to mitigate the risks of uncertainty in information and outcomes, leading to greater diversification and stability of process.
Enlightened Investing is a stable approach to portfolio management, emphasizing quantitative principles and proven investment practices. This disciplined approach guides overall allocation decision. The Portfolio is targeted to a benchmark allocation of 80% fixed income investments and 20% global equities. Systematic rebalancing incorporates recent market activity, economic factors and expected trading costs to benefit our focus of maximal returns at any given level of risk.
Enlightened Investing™ is a stable approach to portfolio management, emphasizing quantitative principles and proven investment practices. This disciplined approach guides buy and sell decisions. From time to time, we will replace an ETF security with one which we believe, may provide a more attractive security position.
ETF Asset Allocation
Multi Asset Class
Inception December 06, 2012
|as of April 16, 2014
||Manager (net of fees)
||Dow Jones Conservative
|Past 30 days
|Past 90 days
|Past 365 days
|Since Inception (Annualized)
Last 365 days
|as of April 16, 2014
||Manager (net of fees)
||Dow Jones Conservative
|Best 30 days
|Worst 30 days
|Value-at-risk (95%, 1 week)
||vs. Dow Jones Conservative
||vs. S&P 500
Average trades per month 2.0
Past performance is no guarantee of future results.
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
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
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.
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.
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.
Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
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.
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.
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.
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.