Sage Advisory Services, Ltd.Co. SEC 13F Disclosure Analysis

CIK: 0001534378

Momentum followerDiversified strategyQuality / disciplined sizing

Total reported value

$182.6M

Reporting period: 2026-03-31 · Number of holdings: 42

Sage Advisory Services, Ltd.Co. disclosed 42 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $182.6M and a quarterly turnover rate of 35.6%.

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Personality snowflake

Concentration: 23.57
Portfolio Stability: 35.63
Momentum/Contrarian: 100
Sector conviction: 0
Diversification: 84
Sizing Uniformity: 87.71

Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Add FLBL
+83.8%　$7.3M
Add SPYG
+53.8%　$6.2M
Trim IEFA
-44.6%　-$4.5M
Trim SHYG
-76.2%　-$3.9M
Trim USHY
-35.8%　-$3.1M
Add KBE
+65.0%　$2.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPYG	Ss Spdr P S&p 500 Growth ETF	ETF-Large Cap & Growth	11.70%	+3.46%	+53.84%
2	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	11.64%	-1.24%	-5.75%
3	FLBL	Franklin Senior Loan ETF	ETF-Other	9.02%	+4.05%	+83.84%
4	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	7.08%	+0.23%	-0.06%
5	JMBS	Janus Henderson Mortg Backed	ETF-Other	5.88%	+0.13%	+2.72%
6	PSK	Ss Spdr Ice Pref Sec ETF	ETF-Other	5.84%	-0.12%	-0.01%
7	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	4.05%	+1.00%	+27.52%
8	KBE	Ss Spdr S&p Bank ETF	ETF-Other	3.99%	+1.54%	+64.98%
9	RSPN	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	3.41%	+3.41%	NEW
10	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	3.12%	-2.42%	-44.59%
11	USHY	Ishares Broad Usd High Yield	ETF-High Yield	2.97%	-1.70%	-35.76%
12	JSI	Jh Securitized Income ETF	ETF-Other	2.93%	+0.04%	+1.96%
13	CARY	Angel Oak Income ETF	ETF-Other	2.92%	+0.10%	+3.13%
14	IHF	Ishares U.s. Healthcare Prov	ETF-Other	2.40%	-0.06%	+11.20%
15	IEF	Ishares 7-10 Year Treasury B	ETF-Gov Bonds	2.24%	+0.11%	+5.80%
16	JAAA	Janus Henderson Aaa Clo ETF	ETF-Other	2.05%	+0.08%	+4.14%
17	VLUE	Ishares Msci USA Value Facto	ETF-Other	2.05%	+0.02%	-3.68%
18	GRID	First Trst Nasd Cl Edg Sgiif	ETF-Other	1.71%	+1.71%	NEW
19	EEMA	Ishares Msci Emerg Mrkt Asia	ETF-Other	1.55%	-0.02%	-3.28%
20	XLY	Ss Consumer Disc Select Sect	ETF-Other	1.48%	+1.48%	NEW
21	JPST	Jpmorgan Ultra-short Income	ETF-Other	1.44%	+0.04%	+2.00%
22	GSY	Invesco Ultra Short Duration	ETF-Other	1.44%	+0.01%	+0.00%
23	SRLN	Ss Blackstone Sr Loan ETF	ETF-Other	1.42%	+0.15%	+15.12%
24	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	0.87%	-0.18%	-17.05%
25	ESGD	Ishares Trust Ishares Esg Aw	ETF-Other	0.76%	-0.04%	-5.00%
26	SHV	Ishares 0-1 Year Treasury Bo	ETF-Gov Bonds	0.73%	+0.01%	—
27	SHYG	Ishares 0-5 Yr Hy CORP Bond	ETF-Corp Bonds	0.66%	-2.15%	-76.19%
28	EMLC	Vaneck JPM Em Local Curr Bnd	ETF-Other	0.64%	-0.08%	-8.81%
29	ESGV	Vanguard Esg US Stock ETF	ETF-Other	0.51%	+0.08%	+27.62%
30	HYEM	Vaneck Emrg Mkts Hi Yld	ETF-Other	0.48%	—	—
31	VOTE	Tcw Transform 500 ETF	ETF-Other	0.44%	-0.02%	+1.30%
32	EFIV	Ss Spdr S&p 500 Esg ETF	ETF-Large Cap & Growth	0.41%	-0.02%	-0.37%
33	NULV	Nuveen Esg Large-cap Val ETF	ETF-Other	0.38%	+0.02%	+2.80%
34	ESGE	Ishares INC Ishares Esg Awar	ETF-Other	0.35%	+0.05%	+14.13%
35	TLT	Ishares 20+ Year Treasury Bd	ETF-Gov Bonds	0.28%	-0.01%	-4.85%
36	SPYD	Ss Spdr P S&p 500 Hi Div ETF	ETF-Large Cap & Growth	0.24%	-0.01%	-6.98%
37	MBB	Ishares Mbs ETF	ETF-Other	0.22%	-0.04%	-15.42%
38	HYFI	AB High Yield ETF	ETF-High Yield	0.15%	—	+2.76%
39	EMB	Ishares Jp Morgan Usd Emergi	ETF-Other	0.14%	-0.04%	-19.12%
40	DIVO	Amplify Cwp Enhan Divid ETF	ETF-Other	0.13%	—	-1.29%
41	REM	Ishares Mortgage Real Estate	ETF-Other	0.12%	+0.12%	NEW
42	IGIB	Ishares 5-10y Inv Grade CORP	ETF-Corp Bonds	0.12%	-0.01%	-13.79%

Portfolio Performance

Performance for Q3 2026

+2.7%

Performance Last 4 Quarters

+13%

Based on 59% of reported portfolio value with available pricing

Stdev: +7.5%
Beta: +0.49
Alpha: +0.5%
Max Drawdown: -4.9%
Annualized Perf: +9.6%
Batting Avg vs S&P: +41.7%
Sortino: +2.3
Stutzer: +0.37
Treynor: +0.19
Sterling: +0.69
Calmar: +1.97
Information Ratio: -1.16
Tracking Error: +7.7%
Stdev Down: +4.1%
Winning Months %: +75%
Losing Months %: +25%
Best 12 Months: +18.2%
Worst 12 Months: +4.1%
Efficiency Ratio: +0.46
Sharpe: +1.27
Stdev Sectors: —
Skewness: -0.16
Kurtosis: -0.18
Upside Potential: +3.91

Reported value over time

Sector allocation

Not enough sector-mapped data yet

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	42	$182.6M	36	1SPYG 2IVV 3FLBL Top holdings2026-03-31 1.SPYG 2.IVV 3.FLBL 4.SPDW 5.JMBS 6.PSK 7.IEMG 8.KBE 9.RSPN 10.IEFA
2025-12-31	45	$183.6M	28	1IVV 2SPYG 3SPDW Top holdings2025-12-31 1.IVV 2.SPYG 3.SPDW 4.PSK 5.JMBS 6.IEFA 7.FLBL 8.USHY 9.IJR 10.IEMG
2025-09-30	44	$190.7M	67	1SPYG 2IVV 3IEFA Top holdings2025-09-30 1.SPYG 2.IVV 3.IEFA 4.PSK 5.FLBL 6.USHY 7.JMBS 8.SPDW 9.QUAL 10.IJR
2025-06-30	43	$183.6M	0	1MBB 2SPYG 3IVV Top holdings2025-06-30 1.MBB 2.SPYG 3.IVV 4.IEFA 5.PSK 6.FLBL 7.USHY 8.SPDW 9.QUAL 10.IGV
2025-03-31	41	$170.2M	100	1IVV 2MBB 3IEFA Top holdings2025-03-31 1.IVV 2.MBB 3.IEFA 4.DSTL 5.COWZ 6.PSK 7.FLBL 8.JQUA 9.USHY 10.QUAL
2024-12-31	42	$168.5M	0	1IVV 2MBB 3IEFA Top holdings2024-12-31 1.IVV 2.MBB 3.IEFA 4.DSTL 5.QUAL 6.JPST 7.COWZ 8.JQUA 9.USHY 10.FLBL
2024-09-30	46	$356.2M	0	1IEFA 2QUAL 3JQUA Top holdings2024-09-30 1.IEFA 2.QUAL 3.JQUA 4.IVV 5.MBB 6.COWZ 7.DSTL 8.SHYG 9.IEMG 10.OMFL
2024-06-30	46	$356.2M	0	1IEFA 2QUAL 3JQUA Top holdings2024-06-30 1.IEFA 2.QUAL 3.JQUA 4.IVV 5.MBB 6.COWZ 7.DSTL 8.SHYG 9.IEMG 10.OMFL
2024-03-31	48	$366.3M	0	1IVV 2IEFA 3MBB Top holdings2024-03-31 1.IVV 2.IEFA 3.MBB 4.JQUA 5.QUAL 6.COWZ 7.DSTL 8.SHYG 9.OMFL 10.IEMG
2023-12-31	52	$373.3M	0	1IVV 2JQUA 3JEPI Top holdings2023-12-31 1.IVV 2.JQUA 3.JEPI 4.IEFA 5.MBB 6.COWZ 7.JPST 8.IEMG 9.DSTL 10.USMV
2023-09-30	47	$357.4M	0	1IVV 2JEPI 3MBB Top holdings2023-09-30 1.IVV 2.JEPI 3.MBB 4.IEFA 5.JPST 6.SPYD 7.IEMG 8.USHY 9.SHYG 10.USMV
2023-06-30	46	$342.9M	0	1IVV 2JEPI 3IEFA Top holdings2023-06-30 1.IVV 2.JEPI 3.IEFA 4.MBB 5.SPYD 6.COWZ 7.USHY 8.IEMG 9.JPST 10.BBJP
2023-03-31	45	$352.6M	0	1IVV 2JEPI 3USHY Top holdings2023-03-31 1.IVV 2.JEPI 3.USHY 4.IEFA 5.IGSB 6.SPYD 7.SHYG 8.PSK 9.COWZ 10.JPST
2022-12-31	47	$341.8M	0	1IVV 2QUAL 3IEFA Top holdings2022-12-31 1.IVV 2.QUAL 3.IEFA 4.JEPI 5.USHY 6.IGSB 7.SPYD 8.SHYG 9.JPST 10.PSK
2022-09-30	45	$320.9M	0	1IVV 2MGK 3QUAL Top holdings2022-09-30 1.IVV 2.MGK 3.QUAL 4.IEFA 5.USHY 6.IGSB 7.PSK 8.XLK 9.SPYD 10.SHYG
2022-06-30	52	$349.4M	0	1IEFA 2IVV 3EEMA Top holdings2022-06-30 1.IEFA 2.IVV 3.EEMA 4.MGK 5.IGSB 6.XLK 7.SPYD 8.SHYG 9.PSK 10.JPST
2022-03-31	50	$396.4M	0	1IEFA 2MGK 3IVV Top holdings2022-03-31 1.IEFA 2.MGK 3.IVV 4.EEMA 5.XLK 6.SRLN 7.IGSB 8.SPYD 9.XLP 10.JPST
2021-12-31	55	$402.7M	0	1IEFA 2IVV 3MGK Top holdings2021-12-31 1.IEFA 2.IVV 3.MGK 4.EEMA 5.SRLN 6.VTV 7.XLP 8.XLK 9.SHYG 10.EFV
2021-09-30	58	$384.7M	0	1IEFA 2IVV 3EEMA Top holdings2021-09-30 1.IEFA 2.IVV 3.EEMA 4.SRLN 5.EFV 6.VTV 7.SHYG 8.JPST 9.XLK 10.HYLB
2021-06-30	54	$365.2M	100	1IEFA 2IVV 3EFV Top holdings2021-06-30 1.IEFA 2.IVV 3.EFV 4.SRLN 5.VNQ 6.VTV 7.SHYG 8.XLK 9.JPST 10.EWI
2021-03-31	50	$410.6M	38	1IEFA 2IVV 3VTV Top holdings2021-03-31 1.IEFA 2.IVV 3.VTV 4.XLK 5.EEMA 6.EFV 7.XTN 8.SRLN 9.VNQ 10.IYC
2020-12-31	50	$378.8M	46	1IEFA 2IVV 3VTV Top holdings2020-12-31 1.IEFA 2.IVV 3.VTV 4.IJR 5.XLK 6.EEMA 7.EFV 8.XTN 9.JPST 10.IEMG
2020-09-30	51	$303.8M	61	1IEFA 2VTV 3XLK Top holdings2020-09-30 1.IEFA 2.VTV 3.XLK 4.IVV 5.XLY 6.IEMG 7.HYLB 8.IJR 9.EEMA 10.QUAL
2020-06-30	51	$318.0M	58	1IEFA 2QUAL 3VLUE Top holdings2020-06-30 1.IEFA 2.QUAL 3.VLUE 4.EFV 5.XLK 6.IVV 7.XLF 8.XLY 9.66538H 10.VTV
2020-03-31	46	$259.6M	84	1QUAL 2IEFA 3XLK Top holdings2020-03-31 1.QUAL 2.IEFA 3.XLK 4.IVV 5.VLUE 6.66538H 7.GMF 8.IEMG 9.SHYG 10.VNQ
2019-12-31	54	$315.4M	34	1QUAL 2IEFA 3XLK Top holdings2019-12-31 1.QUAL 2.IEFA 3.XLK 4.VLUE 5.SDY 6.IJR 7.EFV 8.PFF 9.SHYG 10.66538H
2019-09-30	50	$305.3M	54	1QUAL 2XLK 3IEFA Top holdings2019-09-30 1.QUAL 2.XLK 3.IEFA 4.XLP 5.SDY 6.IJR 7.PFF 8.VNQ 9.SHYG 10.66538H
2019-06-30	48	$340.8M	100	1IEFA 2BSV 3QUAL Top holdings2019-06-30 1.IEFA 2.BSV 3.QUAL 4.XLK 5.IEMG 6.SDY 7.JPST 8.PFF 9.VLUE 10.SHV
2019-03-31	55	$1.0B	18	1IVV 2IEFA 3MBB Top holdings2019-03-31 1.IVV 2.IEFA 3.MBB 4.IEMG 5.IGOV 6.IJR 7.IGSB 8.SDY 9.PFF 10.IGIB
2018-12-31	54	$957.4M	30	1IVV 2MBB 3IEFA Top holdings2018-12-31 1.IVV 2.MBB 3.IEFA 4.IEMG 5.IGOV 6.IJR 7.IGSB 8.XLK 9.PFF 10.NEAR
2018-09-30	57	$1.0B	24	1IVV 2MBB 3IEMG Top holdings2018-09-30 1.IVV 2.MBB 3.IEMG 4.IEFA 5.IGOV 6.IJR 7.IGSB 8.XLK 9.IGIB 10.NEAR
2018-06-30	49	$1.0B	25	1IVV 2MBB 3IJR Top holdings2018-06-30 1.IVV 2.MBB 3.IJR 4.IEFA 5.IGOV 6.IEMG 7.IGSB 8.EWJ 9.IGIB 10.NEAR
2018-03-31	50	$998.1M	58	1IVV 2MBB 3IEMG Top holdings2018-03-31 1.IVV 2.MBB 3.IEMG 4.IJR 5.IEFA 6.IGIB 7.IGOV 8.NEAR 9.MINT 10.EWJ
2017-12-31	45	$996.9M	48	1IEFA 2IVV 3MBB Top holdings2017-12-31 1.IEFA 2.IVV 3.MBB 4.IJR 5.IGIB 6.VPL 7.MDY 8.IAGG 9.IGSB 10.XLF
2017-09-30	44	$928.9M	73	1IEFA 2IJR 3MBB Top holdings2017-09-30 1.IEFA 2.IJR 3.MBB 4.IGIB 5.IVV 6.MDY 7.IAGG 8.VWO 9.IGSB 10.PFF
2017-06-30	36	$861.4M	69	1SPY 2IEFA 3MBB Top holdings2017-06-30 1.SPY 2.IEFA 3.MBB 4.IGIB 5.IVV 6.MDY 7.VWO 8.IJR 9.IGLB 10.EZU
2017-03-31	25	$832.9M	46	1SPY 2IEFA 3EFA Top holdings2017-03-31 1.SPY 2.IEFA 3.EFA 4.MBB 5.IJJ 6.IVE 7.IGIB 8.EZU 9.VWO 10.IGLB
2016-12-31	25	$783.4M	93	1SPY 2EFA 3MBB Top holdings2016-12-31 1.SPY 2.EFA 3.MBB 4.IEFA 5.VWO 6.SDY 7.IVE 8.IJJ 9.IGIB 10.IGLB
2016-09-30	13	$793.0M	56	1USMV 2EFA 3VWO Top holdings2016-09-30 1.USMV 2.EFA 3.VWO 4.EFAV 5.SPY 6.MBB 7.IGIB 8.IGLB 9.CMBS 10.BSV
2016-06-30	14	$756.1M	14	1USMV 2EFAV 3MBB Top holdings2016-06-30 1.USMV 2.EFAV 3.MBB 4.EFA 5.IVW 6.VGK 7.IEI 8.IGIB 9.IGLB 10.CMBS
2016-03-31	19	$768.5M	71	1USMV 2EFAV 3EFA Top holdings2016-03-31 1.USMV 2.EFAV 3.EFA 4.MBB 5.IVW 6.VGK 7.IEI 8.IGIB 9.IGLB 10.VWO
2015-12-31	19	$759.1M	100	173937B2EFAV 3MBB Top holdings2015-12-31 1.73937B 2.EFAV 3.MBB 4.EFA 5.SPY 6.IVW 7.VGK 8.IGIB 9.HYG 10.IEF
2015-09-30	16	$724.5M	67	1SPY 2EFA 3MBB Top holdings2015-09-30 1.SPY 2.EFA 3.MBB 4.HEDJ 5.IEF 6.VGK 7.IGLB 8.PFF 9.BSV 10.HYG
2015-06-30	17	$727.9M	48	1EFA 2SCHD 3SPY Top holdings2015-06-30 1.EFA 2.SCHD 3.SPY 4.MBB 5.IVW 6.HEDJ 7.IGLB 8.SHY 9.IGIB 10.IEI
2015-03-31	18	$747.7M	70	1EFA 2SCHD 3SPY Top holdings2015-03-31 1.EFA 2.SCHD 3.SPY 4.HYS 5.VGK 6.IVW 7.MBB 8.USIG 9.IGLB 10.IEI
2014-12-31	15	$720.8M	99	1SPY 2EFA 3SCHD Top holdings2014-12-31 1.SPY 2.EFA 3.SCHD 4.MBB 5.HYG 6.USIG 7.EFV 8.BSV 9.IEI 10.SHY
2014-09-30	15	$728.0M	100	173937B2SCHD 3MBB Top holdings2014-09-30 1.73937B 2.SCHD 3.MBB 4.SPY 5.HYS 6.VWO 7.USIG 8.SHY 9.ICF 10.EFA
2014-06-30	17	$803.1M	64	1SPY 2MDY 3MBB Top holdings2014-06-30 1.SPY 2.MDY 3.MBB 4.SCHD 5.HYS 6.USIG 7.IGSB 8.SHY 9.ICF 10.SCZ
2014-03-31	15	$848.2M	37	1SPY 2IVW 3MDY Top holdings2014-03-31 1.SPY 2.IVW 3.MDY 4.EFA 5.HYS 6.MBB 7.USIG 8.IGSB 9.ACWI 10.IEI
2013-12-31	13	$835.2M	14	1SPY 2EFA 3MDY Top holdings2013-12-31 1.SPY 2.EFA 3.MDY 4.IVW 5.DXJ 6.MBB 7.HYS 8.USIG 9.IGSB 10.SHY
2013-09-30	16	$791.2M	98	1SPY 2EFA 3MDY Top holdings2013-09-30 1.SPY 2.EFA 3.MDY 4.MBB 5.IVW 6.DXJ 7.HYS 8.USIG 9.IGSB 10.SHY
2013-06-30	14	$744.3M	—	1SPY 2IVE 3OEF Top holdings2013-06-30 1.SPY 2.IVE 3.OEF 4.MBB 5.DXJ 6.EFA 7.IEF 8.USIG 9.VWO 10.PFF

Holding changes this quarter

Sage Advisory Services, Ltd.Co.'s most significant position changes for 2026-03-31: Sold out: Ishares Core S&p Small-cap E (IJR); New buy: Invesco S&p 500 Equal Weight (RSPN); Sold out: Jpmorgan US Quality Factor (JQUA); New buy: First Trst Nasd Cl Edg Sgiif (GRID); Sold out: Ss Spdr S&p Retail ETF (XRT).

Position changes disclosed by Sage Advisory Services, Ltd.Co. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	FLBL	Franklin Senior Loan ETF	+4.1%	+83.84%	Add
2	SPYG	Ss Spdr P S&p 500 Growth ETF	+3.5%	+53.84%	Add
3	KBE	Ss Spdr S&p Bank ETF	+1.5%	+64.98%	Add
4	IEMG	Ishares Core Msci Emerging	+1%	+27.52%	Add
5	SPDW	Ste Str Spdr Pt Dw EU ETF	+0.2%	-0.06%	Trim
6	SRLN	Ss Blackstone Sr Loan ETF	+0.2%	+15.12%	Add
7	JMBS	Janus Henderson Mortg Backed	+0.1%	+2.72%	Add
8	IEF	Ishares 7-10 Year Treasury B	+0.1%	+5.80%	Add
9	CARY	Angel Oak Income ETF	+0.1%	+3.13%	Add
10	ESGV	Vanguard Esg US Stock ETF	+0.1%	+27.62%	Add
11	JAAA	Janus Henderson Aaa Clo ETF	+0.1%	+4.14%	Add
12	ESGE	Ishares INC Ishares Esg Awar	+0.1%	+14.13%	Add
13	JPST	Jpmorgan Ultra-short Income	0%	+2.00%	Add
14	JSI	Jh Securitized Income ETF	0%	+1.96%	Add
15	NULV	Nuveen Esg Large-cap Val ETF	0%	+2.80%	Add
16	VLUE	Ishares Msci USA Value Facto	0%	-3.68%	Trim
17	GSY	Invesco Ultra Short Duration	0%	+0.00%	Add
18	SHV	Ishares 0-1 Year Treasury Bo	0%	—	Unchanged
19	HYEM	Vaneck Emrg Mkts Hi Yld	—	—	Unchanged
20	HYFI	AB High Yield ETF	—	+2.76%	Add
21	DIVO	Amplify Cwp Enhan Divid ETF	—	-1.29%	Trim
22	IGIB	Ishares 5-10y Inv Grade CORP	0%	-13.79%	Trim
23	TLT	Ishares 20+ Year Treasury Bd	0%	-4.85%	Trim
24	SPYD	Ss Spdr P S&p 500 Hi Div ETF	0%	-6.98%	Trim
25	EEMA	Ishares Msci Emerg Mrkt Asia	0%	-3.28%	Trim
26	EFIV	Ss Spdr S&p 500 Esg ETF	0%	-0.37%	Trim
27	VOTE	Tcw Transform 500 ETF	0%	+1.30%	Add
28	MBB	Ishares Mbs ETF	0%	-15.42%	Trim
29	EMB	Ishares Jp Morgan Usd Emergi	0%	-19.12%	Trim
30	ESGD	Ishares Trust Ishares Esg Aw	0%	-5.00%	Trim
31	IHF	Ishares U.s. Healthcare Prov	-0.1%	+11.20%	Add
32	EMLC	Vaneck JPM Em Local Curr Bnd	-0.1%	-8.81%	Trim
33	PSK	Ss Spdr Ice Pref Sec ETF	-0.1%	-0.01%	Trim
34	IGSB	Ishares 1-5y Inv Grade CORP	-0.2%	-17.05%	Trim
35	IVV	Ishares Core S&p 500 ETF	-1.2%	-5.75%	Trim
36	USHY	Ishares Broad Usd High Yield	-1.7%	-35.76%	Trim
37	SHYG	Ishares 0-5 Yr Hy CORP Bond	-2.2%	-76.19%	Trim
38	IEFA	Ishares Core Msci Eafe ETF	-2.4%	-44.59%	Trim
39	IJR	Ishares Core S&p Small-cap E	—	EXIT	Sold out
40	RSPN	Invesco S&p 500 Equal Weight	—	NEW	New buy
41	JQUA	Jpmorgan US Quality Factor	—	EXIT	Sold out
42	GRID	First Trst Nasd Cl Edg Sgiif	—	NEW	New buy
43	XRT	Ss Spdr S&p Retail ETF	—	EXIT	Sold out
44	XLY	Ss Consumer Disc Select Sect	—	NEW	New buy
45	FLCA	Franklin Ftse Canada ETF	—	EXIT	Sold out
46	NUSC	Nuveen Esg Small-cap ETF	—	EXIT	Sold out
47	PZA	Invesco National Amt-free Mu	—	EXIT	Sold out
48	JEPI	Jpmorgan Equity Premium Inco	—	EXIT	Sold out
49	REM	Ishares Mortgage Real Estate	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-07	13F-HR	View on EDGAR
2025-12-31	2026-01-28	13F-HR	View on EDGAR
2025-09-30	2025-11-06	13F-HR	View on EDGAR
2025-06-30	2025-08-06	13F-HR	View on EDGAR
2025-03-31	2025-05-06	13F-HR	View on EDGAR
2024-12-31	2025-02-05	13F-HR	View on EDGAR
2024-09-30	2024-11-04	13F-HR	View on EDGAR
2024-06-30	2024-08-06	13F-HR	View on EDGAR
2024-03-31	2024-04-26	13F-HR	View on EDGAR
2023-12-31	2024-02-01	13F-HR	View on EDGAR
2023-09-30	2023-11-02	13F-HR	View on EDGAR
2023-06-30	2023-08-02	13F-HR	View on EDGAR
2023-03-31	2023-05-04	13F-HR	View on EDGAR
2022-12-31	2023-02-07	13F-HR	View on EDGAR
2022-09-30	2022-11-10	13F-HR	View on EDGAR
2022-06-30	2022-08-02	13F-HR	View on EDGAR
2022-03-31	2022-05-04	13F-HR	View on EDGAR
2021-12-31	2022-01-31	13F-HR	View on EDGAR
2021-09-30	2021-10-25	13F-HR	View on EDGAR
2021-06-30	2021-07-14	13F-HR	View on EDGAR
2021-03-31	2021-04-27	13F-HR	View on EDGAR
2020-12-31	2021-01-25	13F-HR	View on EDGAR
2020-09-30	2020-10-30	13F-HR	View on EDGAR
2020-06-30	2020-07-28	13F-HR	View on EDGAR
2020-03-31	2020-04-30	13F-HR	View on EDGAR
2019-12-31	2020-01-28	13F-HR	View on EDGAR
2019-09-30	2019-10-17	13F-HR	View on EDGAR
2019-06-30	2019-07-26	13F-HR	View on EDGAR
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2018-12-31	2019-01-31	13F-HR	View on EDGAR
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2018-06-30	2018-07-25	13F-HR	View on EDGAR
2018-03-31	2018-05-02	13F-HR	View on EDGAR
2017-12-31	2018-01-30	13F-HR	View on EDGAR
2017-09-30	2017-11-06	13F-HR	View on EDGAR
2017-06-30	2017-08-03	13F-HR	View on EDGAR
2017-03-31	2017-05-03	13F-HR	View on EDGAR
2016-12-31	2017-02-01	13F-HR	View on EDGAR
2016-09-30	2016-10-31	13F-HR	View on EDGAR
2016-06-30	2016-08-01	13F-HR	View on EDGAR
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2015-12-31	2016-02-01	13F-HR	View on EDGAR
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2014-03-31	2014-04-28	13F-HR	View on EDGAR
2013-12-31	2014-02-07	13F-HR	View on EDGAR
2013-12-31	2014-02-07	Amendment	View on EDGAR
2013-09-30	2013-11-07	13F-HR	View on EDGAR
2013-06-30	2013-08-12	13F-HR	View on EDGAR

FAQ

What is Sage Advisory Services, Ltd.Co. and what type of investor is it?

Sage Advisory Services, Ltd.Co. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $182.6M, spread across 42 disclosed positions.

What are Sage Advisory Services, Ltd.Co.'s largest equity positions?

Based on the latest 13F filing, Sage Advisory Services, Ltd.Co.'s top holdings by market value are: 1. Ss Spdr P S&p 500 Growth ETF (SPYG) — $21.4M (11.7%) 2. Ishares Core S&p 500 ETF (IVV) — $21.3M (11.6%) 3. Franklin Senior Loan ETF (FLBL) — $16.5M (9.0%) 4. Ste Str Spdr Pt Dw EU ETF (SPDW) — $12.9M (7.1%) 5. Janus Henderson Mortg Backed (JMBS) — $10.7M (5.9%)

What changes did Sage Advisory Services, Ltd.Co. make in its most recent portfolio filing?

In the latest reported quarter, Sage Advisory Services, Ltd.Co. made 47 notable position adjustments: 4 new positions were initiated, 18 existing holdings were added to, 18 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Ishares Core S&p Small-cap E (IJR); New buy: Invesco S&p 500 Equal Weight (RSPN); Sold out: Jpmorgan US Quality Factor (JQUA); New buy: First Trst Nasd Cl Edg Sgiif (GRID); Sold out: Ss Spdr S&p Retail ETF (XRT)

What sectors does Sage Advisory Services, Ltd.Co. focus on?

Sector breakdown data is not yet available for Sage Advisory Services, Ltd.Co.. Check back after the next 13F processing cycle.

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Sage Advisory Services, Ltd.Co. SEC 13F Disclosure Analysis

CIK: 0001534378

Momentum followerDiversified strategyQuality / disciplined sizing

Total reported value

$182.6M

Reporting period: 2026-03-31 · Number of holdings: 42

Sage Advisory Services, Ltd.Co. disclosed 42 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $182.6M and a quarterly turnover rate of 35.6%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 23.57
Portfolio Stability: 35.63
Momentum/Contrarian: 100
Sector conviction: 0
Diversification: 84
Sizing Uniformity: 87.71

Recent moves

Add FLBL
+83.8%　$7.3M
Add SPYG
+53.8%　$6.2M
Trim IEFA
-44.6%　-$4.5M
Trim SHYG
-76.2%　-$3.9M
Trim USHY
-35.8%　-$3.1M
Add KBE
+65.0%　$2.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPYG	Ss Spdr P S&p 500 Growth ETF	ETF-Large Cap & Growth	11.70%	+3.46%	+53.84%
2	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	11.64%	-1.24%	-5.75%
3	FLBL	Franklin Senior Loan ETF	ETF-Other	9.02%	+4.05%	+83.84%
4	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	7.08%	+0.23%	-0.06%
5	JMBS	Janus Henderson Mortg Backed	ETF-Other	5.88%	+0.13%	+2.72%
6	PSK	Ss Spdr Ice Pref Sec ETF	ETF-Other	5.84%	-0.12%	-0.01%
7	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	4.05%	+1.00%	+27.52%
8	KBE	Ss Spdr S&p Bank ETF	ETF-Other	3.99%	+1.54%	+64.98%
9	RSPN	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	3.41%	+3.41%	NEW
10	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	3.12%	-2.42%	-44.59%
11	USHY	Ishares Broad Usd High Yield	ETF-High Yield	2.97%	-1.70%	-35.76%
12	JSI	Jh Securitized Income ETF	ETF-Other	2.93%	+0.04%	+1.96%
13	CARY	Angel Oak Income ETF	ETF-Other	2.92%	+0.10%	+3.13%
14	IHF	Ishares U.s. Healthcare Prov	ETF-Other	2.40%	-0.06%	+11.20%
15	IEF	Ishares 7-10 Year Treasury B	ETF-Gov Bonds	2.24%	+0.11%	+5.80%
16	JAAA	Janus Henderson Aaa Clo ETF	ETF-Other	2.05%	+0.08%	+4.14%
17	VLUE	Ishares Msci USA Value Facto	ETF-Other	2.05%	+0.02%	-3.68%
18	GRID	First Trst Nasd Cl Edg Sgiif	ETF-Other	1.71%	+1.71%	NEW
19	EEMA	Ishares Msci Emerg Mrkt Asia	ETF-Other	1.55%	-0.02%	-3.28%
20	XLY	Ss Consumer Disc Select Sect	ETF-Other	1.48%	+1.48%	NEW
21	JPST	Jpmorgan Ultra-short Income	ETF-Other	1.44%	+0.04%	+2.00%
22	GSY	Invesco Ultra Short Duration	ETF-Other	1.44%	+0.01%	+0.00%
23	SRLN	Ss Blackstone Sr Loan ETF	ETF-Other	1.42%	+0.15%	+15.12%
24	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	0.87%	-0.18%	-17.05%
25	ESGD	Ishares Trust Ishares Esg Aw	ETF-Other	0.76%	-0.04%	-5.00%
26	SHV	Ishares 0-1 Year Treasury Bo	ETF-Gov Bonds	0.73%	+0.01%	—
27	SHYG	Ishares 0-5 Yr Hy CORP Bond	ETF-Corp Bonds	0.66%	-2.15%	-76.19%
28	EMLC	Vaneck JPM Em Local Curr Bnd	ETF-Other	0.64%	-0.08%	-8.81%
29	ESGV	Vanguard Esg US Stock ETF	ETF-Other	0.51%	+0.08%	+27.62%
30	HYEM	Vaneck Emrg Mkts Hi Yld	ETF-Other	0.48%	—	—
31	VOTE	Tcw Transform 500 ETF	ETF-Other	0.44%	-0.02%	+1.30%
32	EFIV	Ss Spdr S&p 500 Esg ETF	ETF-Large Cap & Growth	0.41%	-0.02%	-0.37%
33	NULV	Nuveen Esg Large-cap Val ETF	ETF-Other	0.38%	+0.02%	+2.80%
34	ESGE	Ishares INC Ishares Esg Awar	ETF-Other	0.35%	+0.05%	+14.13%
35	TLT	Ishares 20+ Year Treasury Bd	ETF-Gov Bonds	0.28%	-0.01%	-4.85%
36	SPYD	Ss Spdr P S&p 500 Hi Div ETF	ETF-Large Cap & Growth	0.24%	-0.01%	-6.98%
37	MBB	Ishares Mbs ETF	ETF-Other	0.22%	-0.04%	-15.42%
38	HYFI	AB High Yield ETF	ETF-High Yield	0.15%	—	+2.76%
39	EMB	Ishares Jp Morgan Usd Emergi	ETF-Other	0.14%	-0.04%	-19.12%
40	DIVO	Amplify Cwp Enhan Divid ETF	ETF-Other	0.13%	—	-1.29%
41	REM	Ishares Mortgage Real Estate	ETF-Other	0.12%	+0.12%	NEW
42	IGIB	Ishares 5-10y Inv Grade CORP	ETF-Corp Bonds	0.12%	-0.01%	-13.79%

Portfolio Performance

Performance for Q3 2026

+2.7%

Performance Last 4 Quarters

+13%

Based on 59% of reported portfolio value with available pricing

Stdev: +7.5%
Beta: +0.49
Alpha: +0.5%
Max Drawdown: -4.9%
Annualized Perf: +9.6%
Batting Avg vs S&P: +41.7%
Sortino: +2.3
Stutzer: +0.37
Treynor: +0.19
Sterling: +0.69
Calmar: +1.97
Information Ratio: -1.16
Tracking Error: +7.7%
Stdev Down: +4.1%
Winning Months %: +75%
Losing Months %: +25%
Best 12 Months: +18.2%
Worst 12 Months: +4.1%
Efficiency Ratio: +0.46
Sharpe: +1.27
Stdev Sectors: —
Skewness: -0.16
Kurtosis: -0.18
Upside Potential: +3.91

Reported value over time

Sector allocation

Not enough sector-mapped data yet

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	42	$182.6M	36	1SPYG 2IVV 3FLBL Top holdings2026-03-31 1.SPYG 2.IVV 3.FLBL 4.SPDW 5.JMBS 6.PSK 7.IEMG 8.KBE 9.RSPN 10.IEFA
2025-12-31	45	$183.6M	28	1IVV 2SPYG 3SPDW Top holdings2025-12-31 1.IVV 2.SPYG 3.SPDW 4.PSK 5.JMBS 6.IEFA 7.FLBL 8.USHY 9.IJR 10.IEMG
2025-09-30	44	$190.7M	67	1SPYG 2IVV 3IEFA Top holdings2025-09-30 1.SPYG 2.IVV 3.IEFA 4.PSK 5.FLBL 6.USHY 7.JMBS 8.SPDW 9.QUAL 10.IJR
2025-06-30	43	$183.6M	0	1MBB 2SPYG 3IVV Top holdings2025-06-30 1.MBB 2.SPYG 3.IVV 4.IEFA 5.PSK 6.FLBL 7.USHY 8.SPDW 9.QUAL 10.IGV
2025-03-31	41	$170.2M	100	1IVV 2MBB 3IEFA Top holdings2025-03-31 1.IVV 2.MBB 3.IEFA 4.DSTL 5.COWZ 6.PSK 7.FLBL 8.JQUA 9.USHY 10.QUAL
2024-12-31	42	$168.5M	0	1IVV 2MBB 3IEFA Top holdings2024-12-31 1.IVV 2.MBB 3.IEFA 4.DSTL 5.QUAL 6.JPST 7.COWZ 8.JQUA 9.USHY 10.FLBL
2024-09-30	46	$356.2M	0	1IEFA 2QUAL 3JQUA Top holdings2024-09-30 1.IEFA 2.QUAL 3.JQUA 4.IVV 5.MBB 6.COWZ 7.DSTL 8.SHYG 9.IEMG 10.OMFL
2024-06-30	46	$356.2M	0	1IEFA 2QUAL 3JQUA Top holdings2024-06-30 1.IEFA 2.QUAL 3.JQUA 4.IVV 5.MBB 6.COWZ 7.DSTL 8.SHYG 9.IEMG 10.OMFL
2024-03-31	48	$366.3M	0	1IVV 2IEFA 3MBB Top holdings2024-03-31 1.IVV 2.IEFA 3.MBB 4.JQUA 5.QUAL 6.COWZ 7.DSTL 8.SHYG 9.OMFL 10.IEMG
2023-12-31	52	$373.3M	0	1IVV 2JQUA 3JEPI Top holdings2023-12-31 1.IVV 2.JQUA 3.JEPI 4.IEFA 5.MBB 6.COWZ 7.JPST 8.IEMG 9.DSTL 10.USMV
2023-09-30	47	$357.4M	0	1IVV 2JEPI 3MBB Top holdings2023-09-30 1.IVV 2.JEPI 3.MBB 4.IEFA 5.JPST 6.SPYD 7.IEMG 8.USHY 9.SHYG 10.USMV
2023-06-30	46	$342.9M	0	1IVV 2JEPI 3IEFA Top holdings2023-06-30 1.IVV 2.JEPI 3.IEFA 4.MBB 5.SPYD 6.COWZ 7.USHY 8.IEMG 9.JPST 10.BBJP
2023-03-31	45	$352.6M	0	1IVV 2JEPI 3USHY Top holdings2023-03-31 1.IVV 2.JEPI 3.USHY 4.IEFA 5.IGSB 6.SPYD 7.SHYG 8.PSK 9.COWZ 10.JPST
2022-12-31	47	$341.8M	0	1IVV 2QUAL 3IEFA Top holdings2022-12-31 1.IVV 2.QUAL 3.IEFA 4.JEPI 5.USHY 6.IGSB 7.SPYD 8.SHYG 9.JPST 10.PSK
2022-09-30	45	$320.9M	0	1IVV 2MGK 3QUAL Top holdings2022-09-30 1.IVV 2.MGK 3.QUAL 4.IEFA 5.USHY 6.IGSB 7.PSK 8.XLK 9.SPYD 10.SHYG
2022-06-30	52	$349.4M	0	1IEFA 2IVV 3EEMA Top holdings2022-06-30 1.IEFA 2.IVV 3.EEMA 4.MGK 5.IGSB 6.XLK 7.SPYD 8.SHYG 9.PSK 10.JPST
2022-03-31	50	$396.4M	0	1IEFA 2MGK 3IVV Top holdings2022-03-31 1.IEFA 2.MGK 3.IVV 4.EEMA 5.XLK 6.SRLN 7.IGSB 8.SPYD 9.XLP 10.JPST
2021-12-31	55	$402.7M	0	1IEFA 2IVV 3MGK Top holdings2021-12-31 1.IEFA 2.IVV 3.MGK 4.EEMA 5.SRLN 6.VTV 7.XLP 8.XLK 9.SHYG 10.EFV
2021-09-30	58	$384.7M	0	1IEFA 2IVV 3EEMA Top holdings2021-09-30 1.IEFA 2.IVV 3.EEMA 4.SRLN 5.EFV 6.VTV 7.SHYG 8.JPST 9.XLK 10.HYLB
2021-06-30	54	$365.2M	100	1IEFA 2IVV 3EFV Top holdings2021-06-30 1.IEFA 2.IVV 3.EFV 4.SRLN 5.VNQ 6.VTV 7.SHYG 8.XLK 9.JPST 10.EWI
2021-03-31	50	$410.6M	38	1IEFA 2IVV 3VTV Top holdings2021-03-31 1.IEFA 2.IVV 3.VTV 4.XLK 5.EEMA 6.EFV 7.XTN 8.SRLN 9.VNQ 10.IYC
2020-12-31	50	$378.8M	46	1IEFA 2IVV 3VTV Top holdings2020-12-31 1.IEFA 2.IVV 3.VTV 4.IJR 5.XLK 6.EEMA 7.EFV 8.XTN 9.JPST 10.IEMG
2020-09-30	51	$303.8M	61	1IEFA 2VTV 3XLK Top holdings2020-09-30 1.IEFA 2.VTV 3.XLK 4.IVV 5.XLY 6.IEMG 7.HYLB 8.IJR 9.EEMA 10.QUAL
2020-06-30	51	$318.0M	58	1IEFA 2QUAL 3VLUE Top holdings2020-06-30 1.IEFA 2.QUAL 3.VLUE 4.EFV 5.XLK 6.IVV 7.XLF 8.XLY 9.66538H 10.VTV
2020-03-31	46	$259.6M	84	1QUAL 2IEFA 3XLK Top holdings2020-03-31 1.QUAL 2.IEFA 3.XLK 4.IVV 5.VLUE 6.66538H 7.GMF 8.IEMG 9.SHYG 10.VNQ
2019-12-31	54	$315.4M	34	1QUAL 2IEFA 3XLK Top holdings2019-12-31 1.QUAL 2.IEFA 3.XLK 4.VLUE 5.SDY 6.IJR 7.EFV 8.PFF 9.SHYG 10.66538H
2019-09-30	50	$305.3M	54	1QUAL 2XLK 3IEFA Top holdings2019-09-30 1.QUAL 2.XLK 3.IEFA 4.XLP 5.SDY 6.IJR 7.PFF 8.VNQ 9.SHYG 10.66538H
2019-06-30	48	$340.8M	100	1IEFA 2BSV 3QUAL Top holdings2019-06-30 1.IEFA 2.BSV 3.QUAL 4.XLK 5.IEMG 6.SDY 7.JPST 8.PFF 9.VLUE 10.SHV
2019-03-31	55	$1.0B	18	1IVV 2IEFA 3MBB Top holdings2019-03-31 1.IVV 2.IEFA 3.MBB 4.IEMG 5.IGOV 6.IJR 7.IGSB 8.SDY 9.PFF 10.IGIB
2018-12-31	54	$957.4M	30	1IVV 2MBB 3IEFA Top holdings2018-12-31 1.IVV 2.MBB 3.IEFA 4.IEMG 5.IGOV 6.IJR 7.IGSB 8.XLK 9.PFF 10.NEAR
2018-09-30	57	$1.0B	24	1IVV 2MBB 3IEMG Top holdings2018-09-30 1.IVV 2.MBB 3.IEMG 4.IEFA 5.IGOV 6.IJR 7.IGSB 8.XLK 9.IGIB 10.NEAR
2018-06-30	49	$1.0B	25	1IVV 2MBB 3IJR Top holdings2018-06-30 1.IVV 2.MBB 3.IJR 4.IEFA 5.IGOV 6.IEMG 7.IGSB 8.EWJ 9.IGIB 10.NEAR
2018-03-31	50	$998.1M	58	1IVV 2MBB 3IEMG Top holdings2018-03-31 1.IVV 2.MBB 3.IEMG 4.IJR 5.IEFA 6.IGIB 7.IGOV 8.NEAR 9.MINT 10.EWJ
2017-12-31	45	$996.9M	48	1IEFA 2IVV 3MBB Top holdings2017-12-31 1.IEFA 2.IVV 3.MBB 4.IJR 5.IGIB 6.VPL 7.MDY 8.IAGG 9.IGSB 10.XLF
2017-09-30	44	$928.9M	73	1IEFA 2IJR 3MBB Top holdings2017-09-30 1.IEFA 2.IJR 3.MBB 4.IGIB 5.IVV 6.MDY 7.IAGG 8.VWO 9.IGSB 10.PFF
2017-06-30	36	$861.4M	69	1SPY 2IEFA 3MBB Top holdings2017-06-30 1.SPY 2.IEFA 3.MBB 4.IGIB 5.IVV 6.MDY 7.VWO 8.IJR 9.IGLB 10.EZU
2017-03-31	25	$832.9M	46	1SPY 2IEFA 3EFA Top holdings2017-03-31 1.SPY 2.IEFA 3.EFA 4.MBB 5.IJJ 6.IVE 7.IGIB 8.EZU 9.VWO 10.IGLB
2016-12-31	25	$783.4M	93	1SPY 2EFA 3MBB Top holdings2016-12-31 1.SPY 2.EFA 3.MBB 4.IEFA 5.VWO 6.SDY 7.IVE 8.IJJ 9.IGIB 10.IGLB
2016-09-30	13	$793.0M	56	1USMV 2EFA 3VWO Top holdings2016-09-30 1.USMV 2.EFA 3.VWO 4.EFAV 5.SPY 6.MBB 7.IGIB 8.IGLB 9.CMBS 10.BSV
2016-06-30	14	$756.1M	14	1USMV 2EFAV 3MBB Top holdings2016-06-30 1.USMV 2.EFAV 3.MBB 4.EFA 5.IVW 6.VGK 7.IEI 8.IGIB 9.IGLB 10.CMBS
2016-03-31	19	$768.5M	71	1USMV 2EFAV 3EFA Top holdings2016-03-31 1.USMV 2.EFAV 3.EFA 4.MBB 5.IVW 6.VGK 7.IEI 8.IGIB 9.IGLB 10.VWO
2015-12-31	19	$759.1M	100	173937B2EFAV 3MBB Top holdings2015-12-31 1.73937B 2.EFAV 3.MBB 4.EFA 5.SPY 6.IVW 7.VGK 8.IGIB 9.HYG 10.IEF
2015-09-30	16	$724.5M	67	1SPY 2EFA 3MBB Top holdings2015-09-30 1.SPY 2.EFA 3.MBB 4.HEDJ 5.IEF 6.VGK 7.IGLB 8.PFF 9.BSV 10.HYG
2015-06-30	17	$727.9M	48	1EFA 2SCHD 3SPY Top holdings2015-06-30 1.EFA 2.SCHD 3.SPY 4.MBB 5.IVW 6.HEDJ 7.IGLB 8.SHY 9.IGIB 10.IEI
2015-03-31	18	$747.7M	70	1EFA 2SCHD 3SPY Top holdings2015-03-31 1.EFA 2.SCHD 3.SPY 4.HYS 5.VGK 6.IVW 7.MBB 8.USIG 9.IGLB 10.IEI
2014-12-31	15	$720.8M	99	1SPY 2EFA 3SCHD Top holdings2014-12-31 1.SPY 2.EFA 3.SCHD 4.MBB 5.HYG 6.USIG 7.EFV 8.BSV 9.IEI 10.SHY
2014-09-30	15	$728.0M	100	173937B2SCHD 3MBB Top holdings2014-09-30 1.73937B 2.SCHD 3.MBB 4.SPY 5.HYS 6.VWO 7.USIG 8.SHY 9.ICF 10.EFA
2014-06-30	17	$803.1M	64	1SPY 2MDY 3MBB Top holdings2014-06-30 1.SPY 2.MDY 3.MBB 4.SCHD 5.HYS 6.USIG 7.IGSB 8.SHY 9.ICF 10.SCZ
2014-03-31	15	$848.2M	37	1SPY 2IVW 3MDY Top holdings2014-03-31 1.SPY 2.IVW 3.MDY 4.EFA 5.HYS 6.MBB 7.USIG 8.IGSB 9.ACWI 10.IEI
2013-12-31	13	$835.2M	14	1SPY 2EFA 3MDY Top holdings2013-12-31 1.SPY 2.EFA 3.MDY 4.IVW 5.DXJ 6.MBB 7.HYS 8.USIG 9.IGSB 10.SHY
2013-09-30	16	$791.2M	98	1SPY 2EFA 3MDY Top holdings2013-09-30 1.SPY 2.EFA 3.MDY 4.MBB 5.IVW 6.DXJ 7.HYS 8.USIG 9.IGSB 10.SHY
2013-06-30	14	$744.3M	—	1SPY 2IVE 3OEF Top holdings2013-06-30 1.SPY 2.IVE 3.OEF 4.MBB 5.DXJ 6.EFA 7.IEF 8.USIG 9.VWO 10.PFF

Holding changes this quarter

Position changes disclosed by Sage Advisory Services, Ltd.Co. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	FLBL	Franklin Senior Loan ETF	+4.1%	+83.84%	Add
2	SPYG	Ss Spdr P S&p 500 Growth ETF	+3.5%	+53.84%	Add
3	KBE	Ss Spdr S&p Bank ETF	+1.5%	+64.98%	Add
4	IEMG	Ishares Core Msci Emerging	+1%	+27.52%	Add
5	SPDW	Ste Str Spdr Pt Dw EU ETF	+0.2%	-0.06%	Trim
6	SRLN	Ss Blackstone Sr Loan ETF	+0.2%	+15.12%	Add
7	JMBS	Janus Henderson Mortg Backed	+0.1%	+2.72%	Add
8	IEF	Ishares 7-10 Year Treasury B	+0.1%	+5.80%	Add
9	CARY	Angel Oak Income ETF	+0.1%	+3.13%	Add
10	ESGV	Vanguard Esg US Stock ETF	+0.1%	+27.62%	Add
11	JAAA	Janus Henderson Aaa Clo ETF	+0.1%	+4.14%	Add
12	ESGE	Ishares INC Ishares Esg Awar	+0.1%	+14.13%	Add
13	JPST	Jpmorgan Ultra-short Income	0%	+2.00%	Add
14	JSI	Jh Securitized Income ETF	0%	+1.96%	Add
15	NULV	Nuveen Esg Large-cap Val ETF	0%	+2.80%	Add
16	VLUE	Ishares Msci USA Value Facto	0%	-3.68%	Trim
17	GSY	Invesco Ultra Short Duration	0%	+0.00%	Add
18	SHV	Ishares 0-1 Year Treasury Bo	0%	—	Unchanged
19	HYEM	Vaneck Emrg Mkts Hi Yld	—	—	Unchanged
20	HYFI	AB High Yield ETF	—	+2.76%	Add
21	DIVO	Amplify Cwp Enhan Divid ETF	—	-1.29%	Trim
22	IGIB	Ishares 5-10y Inv Grade CORP	0%	-13.79%	Trim
23	TLT	Ishares 20+ Year Treasury Bd	0%	-4.85%	Trim
24	SPYD	Ss Spdr P S&p 500 Hi Div ETF	0%	-6.98%	Trim
25	EEMA	Ishares Msci Emerg Mrkt Asia	0%	-3.28%	Trim
26	EFIV	Ss Spdr S&p 500 Esg ETF	0%	-0.37%	Trim
27	VOTE	Tcw Transform 500 ETF	0%	+1.30%	Add
28	MBB	Ishares Mbs ETF	0%	-15.42%	Trim
29	EMB	Ishares Jp Morgan Usd Emergi	0%	-19.12%	Trim
30	ESGD	Ishares Trust Ishares Esg Aw	0%	-5.00%	Trim
31	IHF	Ishares U.s. Healthcare Prov	-0.1%	+11.20%	Add
32	EMLC	Vaneck JPM Em Local Curr Bnd	-0.1%	-8.81%	Trim
33	PSK	Ss Spdr Ice Pref Sec ETF	-0.1%	-0.01%	Trim
34	IGSB	Ishares 1-5y Inv Grade CORP	-0.2%	-17.05%	Trim
35	IVV	Ishares Core S&p 500 ETF	-1.2%	-5.75%	Trim
36	USHY	Ishares Broad Usd High Yield	-1.7%	-35.76%	Trim
37	SHYG	Ishares 0-5 Yr Hy CORP Bond	-2.2%	-76.19%	Trim
38	IEFA	Ishares Core Msci Eafe ETF	-2.4%	-44.59%	Trim
39	IJR	Ishares Core S&p Small-cap E	—	EXIT	Sold out
40	RSPN	Invesco S&p 500 Equal Weight	—	NEW	New buy
41	JQUA	Jpmorgan US Quality Factor	—	EXIT	Sold out
42	GRID	First Trst Nasd Cl Edg Sgiif	—	NEW	New buy
43	XRT	Ss Spdr S&p Retail ETF	—	EXIT	Sold out
44	XLY	Ss Consumer Disc Select Sect	—	NEW	New buy
45	FLCA	Franklin Ftse Canada ETF	—	EXIT	Sold out
46	NUSC	Nuveen Esg Small-cap ETF	—	EXIT	Sold out
47	PZA	Invesco National Amt-free Mu	—	EXIT	Sold out
48	JEPI	Jpmorgan Equity Premium Inco	—	EXIT	Sold out
49	REM	Ishares Mortgage Real Estate	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-07	13F-HR	View on EDGAR
2025-12-31	2026-01-28	13F-HR	View on EDGAR
2025-09-30	2025-11-06	13F-HR	View on EDGAR
2025-06-30	2025-08-06	13F-HR	View on EDGAR
2025-03-31	2025-05-06	13F-HR	View on EDGAR
2024-12-31	2025-02-05	13F-HR	View on EDGAR
2024-09-30	2024-11-04	13F-HR	View on EDGAR
2024-06-30	2024-08-06	13F-HR	View on EDGAR
2024-03-31	2024-04-26	13F-HR	View on EDGAR
2023-12-31	2024-02-01	13F-HR	View on EDGAR
2023-09-30	2023-11-02	13F-HR	View on EDGAR
2023-06-30	2023-08-02	13F-HR	View on EDGAR
2023-03-31	2023-05-04	13F-HR	View on EDGAR
2022-12-31	2023-02-07	13F-HR	View on EDGAR
2022-09-30	2022-11-10	13F-HR	View on EDGAR
2022-06-30	2022-08-02	13F-HR	View on EDGAR
2022-03-31	2022-05-04	13F-HR	View on EDGAR
2021-12-31	2022-01-31	13F-HR	View on EDGAR
2021-09-30	2021-10-25	13F-HR	View on EDGAR
2021-06-30	2021-07-14	13F-HR	View on EDGAR
2021-03-31	2021-04-27	13F-HR	View on EDGAR
2020-12-31	2021-01-25	13F-HR	View on EDGAR
2020-09-30	2020-10-30	13F-HR	View on EDGAR
2020-06-30	2020-07-28	13F-HR	View on EDGAR
2020-03-31	2020-04-30	13F-HR	View on EDGAR
2019-12-31	2020-01-28	13F-HR	View on EDGAR
2019-09-30	2019-10-17	13F-HR	View on EDGAR
2019-06-30	2019-07-26	13F-HR	View on EDGAR
2019-03-31	2019-05-03	13F-HR	View on EDGAR
2018-12-31	2019-01-31	13F-HR	View on EDGAR
2018-09-30	2018-10-25	13F-HR	View on EDGAR
2018-06-30	2018-07-25	13F-HR	View on EDGAR
2018-03-31	2018-05-02	13F-HR	View on EDGAR
2017-12-31	2018-01-30	13F-HR	View on EDGAR
2017-09-30	2017-11-06	13F-HR	View on EDGAR
2017-06-30	2017-08-03	13F-HR	View on EDGAR
2017-03-31	2017-05-03	13F-HR	View on EDGAR
2016-12-31	2017-02-01	13F-HR	View on EDGAR
2016-09-30	2016-10-31	13F-HR	View on EDGAR
2016-06-30	2016-08-01	13F-HR	View on EDGAR
2016-03-31	2016-05-02	13F-HR	View on EDGAR
2015-12-31	2016-02-01	13F-HR	View on EDGAR
2015-09-30	2015-10-29	13F-HR	View on EDGAR
2015-06-30	2015-08-06	13F-HR	View on EDGAR
2015-03-31	2015-05-05	13F-HR	View on EDGAR
2014-12-31	2015-02-05	13F-HR	View on EDGAR
2014-09-30	2014-11-05	13F-HR	View on EDGAR
2014-06-30	2014-08-11	13F-HR	View on EDGAR
2014-03-31	2014-04-28	13F-HR	View on EDGAR
2013-12-31	2014-02-07	13F-HR	View on EDGAR
2013-12-31	2014-02-07	Amendment	View on EDGAR
2013-09-30	2013-11-07	13F-HR	View on EDGAR
2013-06-30	2013-08-12	13F-HR	View on EDGAR