The Island Light Sector rotation strategy was updated for October as part of our regular monthly rebalancing.
The strategy, which employs an advanced algorithm for capturing market momentum in an optimized portfolio of US sectors, is the latest in a series of innovative dynamic portfolio models offered by Island Light.
For the month, we increased our exposure to the US consumer discretionary, consumer staples and utilities sectors, and reduced exposure to financials, healthcare, materials and technology sectors. Relative to the S&P 500 sector weights, we remain overweight to utilities, industrials and materials.
The following table reflects the performance of our strategy, the S&P and the 9 sector ETFs that comprise our investment universe, through September 30, 2014: