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) 808

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 241,041 29,546 13.97 1,203,220
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 111,134 -10,812 (8.87) 425,377
ISHARES MBS ETF 60,871 3 .01 562,213
RYDEX ETF TRUST GUG S&P500 EQ WT 55,769 55,769 New 716,269
PIMCO ETF TR 0-5 HIGH YIELD 53,032 -13,519 (20.31) 500,585
ISHARES CORE US CR BD 39,498 396 1.01 352,723
ISHARES 1-3 YR CR BD ETF 32,559 1,630 5.27 308,912
ISHARES TR 1-3 YR TR BD ETF 30,733 23,796 343.01 363,615
ISHARES TR COHEN&STEER REIT 28,298 28,298 New 315,051
ISHARES EAFE SML CP ETF 25,962 25,962 New 504,808
ISHARES TR MSCI EAFE ETF 25,864 -63,735 (71.13) 386,544
ISHARES EAFE VALUE ETF 25,739 25,739 New 450,147
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 25,413 25,413 New 438,688
VANGUARD BD INDEX FD INC SHORT TRM BOND 17,952 New 223,818
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 12,042 -3,224 (21.12) 410,836
ISHARES TR TIPS BD ETF 11,929 11,929 New 103,754
ISHARES TR 20+ YR TR BD ETF 9,983 .00 85,067
ISHARES 3-7 YR TR BD ETF -22,941 Sold Out 0
ISHARES MSCI JAPAN ETF -30,933 Sold Out 0
ISHARES TR S&P 500 GRWT ETF -157,011 Sold Out 0