The Island Light Sector portfolio was updated for April as part of our regular monthly rebalancing.
The strategy employs an advanced algorithm which seeks to capture market momentum in an optimized portfolio of US sectors, rebalanced monthly.
For this month, we increased our exposure to the US consumer staples, financial and healthcare sectors and eliminated allocations to materials and utilities.
We have no investment in the consumer discretionary, energy, technology and industrials sectors.
The following table reflects the performance (net of fees) of our strategy, the S&P and the 9 sector ETFs that comprise our investment universe, through March 31, 2015: