SAGE ADVISORY SERVICES, LTD.CO. Information

5900 SOUTHWEST PARKWAY, AUSTIN, Texas, 78735, (512) 327-5530

Report Date: 06/30/2014

Position Statistics

Total Positions 21
New Positions 6
Increased Positions 12
Decreased Positions 8
Positions with Activity 20
Sold Out Positions 4
Total Mkt Value (in $ millions) 799

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 100%
Healthcare
Services
Technology
Transportation
Utilities

21 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SPDR S&P 500 ETF TR TR UNIT 239,418 29,347 13.97 1,203,220
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 109,773 -10,680 (8.87) 425,377
ISHARES MBS ETF 60,517 3 .01 562,213
RYDEX ETF TRUST GUG S&P500 EQ WT 55,224 55,224 New 716,269
PIMCO ETF TR 0-5 HIGH YIELD 52,476 -13,378 (20.31) 500,585
ISHARES CORE US CR BD 38,898 390 1.01 352,723
ISHARES 1-3 YR CR BD ETF 32,519 1,628 5.27 308,912
ISHARES TR 1-3 YR TR BD ETF 30,718 23,784 343.01 363,615
ISHARES TR COHEN&STEER REIT 27,132 27,132 New 315,051
ISHARES TR MSCI EAFE ETF 25,466 -62,754 (71.13) 386,544
ISHARES EAFE VALUE ETF 25,231 25,231 New 450,147
ISHARES EAFE SML CP ETF 25,175 25,175 New 504,808
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 25,089 25,089 New 438,688
VANGUARD BD INDEX FD INC SHORT TRM BOND 17,905 New 223,818
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 11,791 -3,157 (21.12) 410,836
ISHARES TR TIPS BD ETF 11,702 11,702 New 103,754
ISHARES TR 20+ YR TR BD ETF 9,659 .00 85,067
ISHARES MSCI JAPAN ETF -30,674 Sold Out 0
ISHARES 3-7 YR TR BD ETF -22,808 Sold Out 0
ISHARES TR S&P 500 GRWT ETF -155,575 Sold Out 0