Sage Advisory Services, Ltd.Co.

CIK 0001534378 · Q2 2026

13F Equity AUM

$203.2M

+11.3% QoQ

Positions

+4 QoQ

AUM Rank

#6,218

Top 71%

Skill Alpha (FF)

-2.0%/yr^ns

No Clear Edge

Rank #5,839 · Top 70%

vs S&P -7.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 49.1%Top 10: 67.3%Top 20: 87.2%

IVV15.0%

SPYG13.5%

FLBL7.8%

SPDW7.2%

JMBS5.7%

PSK5.6%

IEMG4.2%

JSI2.8%

CARY2.8%

IHF2.7%

Others (36)32.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services100.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 46Median: 1.12%Avg: 2.17%

0–0.5%

16(3.7%)

0.5–1%

7(4.8%)

1–3%

16(32.5%)

3–5%

1(4.2%)

5%+

6(54.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 46vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New7Increased20Decreased13Exited3

New Positions

HYLB2.2%

+125K

IGV1.9%

+42K

SPEM1.5%

+58K

SNPE0.5%

+15K

JBBB0.1%

+6K

NUSC0.1%

+4K

FBP0.1%

+8K

Increased

PSK5.6%

+27K(+8%)

JMBS5.7%

+19K(+8%)

CARY2.8%

+18K(+7%)

SPYG13.5%

+12K(+5%)

JSI2.8%

+8K(+8%)

IVV15.0%

+8K(+25%)

SPDW7.2%

+7K(+2%)

GSY1.4%

+6K(+11%)

JPST1.4%

+4K(+8%)

JAAA1.9%

+3K(+4%)

Decreased

USHY1.6%

-60,120(-41%)

KBE2.6%

-43,534(-36%)

RSPN2.1%

-41,584(-38%)

FLBL7.8%

-22,077(-3%)

SRLN0.8%

-21,940(-34%)

IEFA2.6%

-9,075(-14%)

IHF2.7%

-6,606(-6%)

IEF1.7%

-6,074(-14%)

IEMG4.2%

-2,471(-2%)

ESGE0.4%

-453(-3%)

Exited

VLUE

-26,302

EEMA

-29,599

ESGV

-8,302

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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