SAS

Sage Advisory Services Portfolio holdings

AUM $170M

This Quarter Return

-0.11%

1 Year Return

+1.96%

3 Year Return

+3.4%

5 Year Return

+53.74%

10 Year Return

+56.11%

AUM

$170M

AUM Growth

+$1.65M (+1%)

Cap. Flow

+$2.25M

Cap. Flow % of AUM

1.32%

Top 10 Holdings %Top 10 Hldgs %

67.22%

Holding

New

Increased

Reduced

Closed

Top Buys

1	iShares MSCI USA Value Factor ETF VLUE	$5.44M
2	iShares Core MSCI EAFE ETF IEFA	$3.52M
3	Janus Henderson AAA CLO ETF JAAA	$3.47M
4	SPDR ICE Preferred Securities ETF PSK	$3.07M
5	SPDR Blackstone Senior Loan ETF SRLN	$1.66M

Top Sells

1	JPMorgan Ultra-Short Income ETF JPST	$6.97M
2	Pacer US Small Cap Cash Cows 100 ETF CALF	$3.14M
3	iShares MSCI USA Quality Factor ETF QUAL	$2.61M
4	iShares MSCI Canada ETF EWC	$2.35M
5	iShares Short Maturity Bond ETF NEAR	$1.53M

Sector Composition

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Core S&P 500 ETF IVV $645B	$20.8M	12.23%	37,034 +1,092	+3%	+$614K
2	2 iShares MBS ETF MBB $39B	$20.3M	11.96%	216,977 -2,711	-1%	-$254K
3	3 iShares Core MSCI EAFE ETF IEFA $146B	$14.3M	8.38%	188,512 +46,555	+33%	+$3.52M
4	4 Distillate US Fundamental Stability & Value ETF DSTL $1.82B	$9.84M	5.78%	181,344 +4,248	+2%	+$230K
5	5 Pacer US Cash Cows 100 ETF COWZ $20.9B	$9.37M	5.51%	171,136 +6,481	+4%	+$355K
6	6 SPDR ICE Preferred Securities ETF PSK $806M	$8.92M	5.24%	275,449 +94,923	+53%	+$3.07M
7	7 Franklin Senior Loan ETF FLBL $1.13B	$8.49M	4.99%	352,892 +63,850	+22%	+$1.54M
8	8 JPMorgan US Quality Factor ETF JQUA $6.62B	$8.01M	4.71%	141,902 +348	+0.3%	+$19.7K
9	9 iShares Broad USD High Yield Corporate Bond ETF USHY $24.9B	$7.89M	4.64%	214,414 -1,555	-0.7%	-$57.2K
10	10 iShares MSCI USA Quality Factor ETF QUAL $53.8B	$6.44M	3.78%	37,679 -15,289	-29%	-$2.61M
11	11 iShares MSCI USA Value Factor ETF VLUE $6.84B	$5.44M	3.2%	+51,015	New	+$5.44M
12	12 SPDR Blackstone Senior Loan ETF SRLN $7.09B	$5.16M	3.03%	125,385 +40,365	+47%	+$1.66M
13	13 iShares Core MSCI Emerging Markets ETF IEMG $99.9B	$5.04M	2.96%	93,297 +6,416	+7%	+$346K
14	14 iShares 0-5 Year High Yield Corporate Bond ETF SHYG $6.89B	$4.99M	2.93%	117,328 -4,490	-4%	-$191K
15	15 iShares 7-10 Year Treasury Bond ETF IEF $34.9B	$3.75M	2.21%	39,363 -4,401	-10%	-$420K
16	16 Janus Henderson AAA CLO ETF JAAA $22.8B	$3.47M	2.04%	+68,487	New	+$3.47M
17	17 iShares Core S&P Small-Cap ETF IJR $82.3B	$3.1M	1.82%	29,649 +2,587	+10%	+$270K
18	18 iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB $21.6B	$2.75M	1.61%	52,432 +1,568	+3%	+$82.1K
19	19 iShares MSCI Emerging Markets Asia ETF EEMA $1.39B	$2.57M	1.51%	34,729 +2,943	+9%	+$218K
20	20 Invesco Ultra Short Duration ETF GSY $2.74B	$2.55M	1.5%	50,804 -1,234	-2%	-$61.8K
21	21 JPMorgan Ultra-Short Income ETF JPST $32.1B	$2.5M	1.47%	49,460 -137,691	-74%	-$6.97M
22	22 iShares MSCI Canada ETF EWC $3.13B	$1.64M	0.97%	40,330 -57,589	-59%	-$2.35M
23	23 iShares Short Treasury Bond ETF SHV $20.8B	$1.33M	0.78%	12,078	–	–
24	24 VanEck JP Morgan EM Local Currency Bond ETF EMLC $3.55B	$1.23M	0.72%	51,556 +5	+0%	+$119
25	25 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB $15.6B	$1.1M	0.65%	21,030 -2,473	-11%	-$130K