Instuitional Investor - Sage Advisory Services, Ltd.co.

Filing Period:
No. Security Ticker Shares Value % Port
1. IEF 91,560 $43,732,000 11.71%
2.
J P Morgan Exchange Traded F
539,603 $25,825,000 6.91%
3.
J P Morgan Exchange Traded F
419,760 $23,078,000 6.18%
4.
Ishares Tr
316,761 $22,284,000 5.96%
5.
Ishares Tr
225,297 $21,196,000 5.67%