Sage Advisory Services, Ltd.Co.

CIK 0001534378 · Q1 2026

13F Equity AUM

$182.6M

-0.6% QoQ

Positions

-3 QoQ

AUM Rank

#7,783

Top 63%

Skill Alpha (FF)

-2.2%/yr^ns

No Clear Edge

Rank #5,500 · Top 67%

vs S&P -10.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 45.3%Top 10: 65.7%Top 20: 88.0%

SPYG11.7%

IVV11.6%

FLBL9.0%

SPDW7.1%

JMBS5.9%

PSK5.8%

IEMG4.0%

KBE4.0%

RSPN3.4%

IEFA3.1%

Others (32)34.3%

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: 42Median: 1.44%Avg: 2.38%

0–0.5%

13(3.5%)

0.5–1%

6(4.2%)

1–3%

13(26.6%)

3–5%

4(14.6%)

5%+

6(51.2%)

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

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Portfolio Overlap

Shared: 41Unique: 1vs 20 funds

0.6%Low

Fund positions

7,299

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.

Most Similar Funds

Top 6 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

0.9%

0.8%

0.7%

0.9%

0.5%

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New4Increased18Decreased18Exited7

New Positions

RSPN3.4%

+108K

GRID1.7%

+19K

XLY1.5%

+25K

REM0.1%

+10K

Increased

FLBL9.0%

+327K(+84%)

SPYG11.7%

+76K(+54%)

KBE4.0%

+48K(+65%)

IEMG4.0%

+23K(+28%)

IHF2.4%

+11K(+11%)

SRLN1.4%

+9K(+15%)

CARY2.9%

+8K(+3%)

JMBS5.9%

+6K(+3%)

JAAA2.0%

+3K(+4%)

IEF2.2%

+2K(+6%)

Decreased

SHYG0.7%

-91,699(-76%)

USHY3.0%

-81,919(-36%)

IEFA3.1%

-50,674(-45%)

IGSB0.9%

-6,244(-17%)

EMLC0.6%

-4,505(-9%)

IVV11.6%

-1,985(-6%)

VLUE2.0%

-1,005(-4%)

EEMA1.6%

-1,005(-3%)

MBB0.2%

-781(-15%)

ESGD0.8%

-769(-5%)

Exited

-60,625

-72,733

-32,202

-40,473

-12,969

-19,426

-4,052

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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