Sage Financial Management Group, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BSV	VANGUARD BD INDEX FDS	355,282 (+12.1%)	$28,000 (+12.0%)	8.6%	$18.74	—	SHORT TRM BOND	921937827
IVV	ISHARES TR	75,256 (+2.4%)	$51,546 (+4.8%)	15.7%	$26.78	—	CORE S&P500 ETF	464287200
IJH	ISHARES TR	144,541 (+24.4%)	$9,540 (+25.9%)	2.9%	$29.85	—	CORE S&P MCP ETF	464287507
BIV	VANGUARD BD INDEX FDS	642,653 (+3.7%)	$50,050 (+3.4%)	15.3%	$5.19	—	INTERMED TERM	921937819
VEU	VANGUARD INTL EQUITY INDEX F	445,459 (+2.0%)	$32,768 (+5.1%)	10.0%	$3.58	—	ALLWRLD EX US	922042775
VYM	VANGUARD WHITEHALL FDS	64,931 (+5.3%)	$9,319 (+7.3%)	2.8%	$7.39	—	HIGH DIV YLD	921946406
SPSM	SPDR SERIES TRUST	74,258 (+6.9%)	$3,480 (+8.2%)	1.1%	$3.08	—	STATE STREET SPD	78468R853
VCSH	VANGUARD SCOTTSDALE FDS	136,603 (+2.6%)	$10,891 (+2.3%)	3.3%	$3.64	—	SHRT TRM CORP BD	92206C409
GOOG	ALPHABET INC	1,341 (+39.7%)	$421 (+80.0%)	0.1%	$231.64	+23.6%	CAP STK CL C	02079K107
VSS	VANGUARD INTL EQUITY INDEX F	40,890 (+2.3%)	$5,861 (+2.9%)	1.8%	$6.01	—	FTSE SMCAP ETF	922042718
VUG	VANGUARD INDEX FDS	3,888 (+1.9%)	$1,897 (+3.6%)	0.6%	$36.67	—	GROWTH ETF	922908736
JPM	JPMORGAN CHASE & CO.	1,607 (+8.4%)	$518 (+10.7%)	0.2%	$157.60	+96.4%	COM	46625H100
VO	VANGUARD INDEX FDS	1,512 (+12.4%)	$439 (+11.1%)	0.1%	$32.30	—	MID CAP ETF	922908629
SUB	ISHARES TR	3,958 (+8.5%)	$422 (+8.4%)	0.1%	$21.28	—	SHRT NAT MUN ETF	464288158
MSFT	MICROSOFT CORP	2,175 (+5.3%)	$1,052 (-1.7%)	0.3%	$426.98	+17.2%	COM	594918104

Decreased Positions (9)

SCHD SCHWAB STRATEGIC TR 2.4%

Value ($000) $7,829 (-3.2%) Shares 285,427 (-3.7%) Est. Cost $1.19 Unrealized —

EFA ISHARES TR 3.1%

Value ($000) $10,310 (+1.6%) Shares 107,360 (-1.2%) Est. Cost $0.08 Unrealized —

SCHZ SCHWAB STRATEGIC TR 0.4%

Value ($000) $1,331 (-4.7%) Shares 56,957 (-4.3%) Est. Cost $0.91 Unrealized —

MDY SPDR S&P MIDCAP 400 ETF TR 0.8%

Value ($000) $2,532 (-1.6%) Shares 4,196 (-2.8%) Est. Cost $207.29 Unrealized —

MUB ISHARES TR 0.4%

Value ($000) $1,377 (-2.6%) Shares 12,852 (-3.2%) Est. Cost $0.11 Unrealized —

USXF ISHARES TR 0.1%

Value ($000) $440 (-2.5%) Shares 7,648 (-3.0%) Est. Cost $0.05 Unrealized —

IVW ISHARES TR 0.3%

Value ($000) $1,088 (+1.0%) Shares 8,827 (-1.0%) Est. Cost $0.10 Unrealized —

AMZN AMAZON COM INC 0.1%

Value ($000) $242 (-2.1%) Shares 1,049 (-6.8%) Est. Cost $166.93 Unrealized +37.1%

IVE ISHARES TR 0.1%

Value ($000) $227 (+1.5%) Shares 1,071 (-1.2%) Est. Cost $0.20 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHD	SCHWAB STRATEGIC TR	285,427 (-3.7%)	$7,829 (-3.2%)	2.4%	$1.19	—	US DIVIDEND EQ	808524797
EFA	ISHARES TR	107,360 (-1.2%)	$10,310 (+1.6%)	3.1%	$0.08	—	MSCI EAFE ETF	464287465
SCHZ	SCHWAB STRATEGIC TR	56,957 (-4.3%)	$1,331 (-4.7%)	0.4%	$0.91	—	US AGGREGATE B	808524839
MDY	SPDR S&P MIDCAP 400 ETF TR	4,196 (-2.8%)	$2,532 (-1.6%)	0.8%	$207.29	—	UTSER1 S&PDCRP	78467Y107
MUB	ISHARES TR	12,852 (-3.2%)	$1,377 (-2.6%)	0.4%	$0.11	—	NATIONAL MUN ETF	464288414
USXF	ISHARES TR	7,648 (-3.0%)	$440 (-2.5%)	0.1%	$0.05	—	ESG MSCI USA ETF	46436E767
IVW	ISHARES TR	8,827 (-1.0%)	$1,088 (+1.0%)	0.3%	$0.10	—	S&P 500 GRWT ETF	464287309
AMZN	AMAZON COM INC	1,049 (-6.8%)	$242 (-2.1%)	0.1%	$166.93	+37.1%	COM	023135106
IVE	ISHARES TR	1,071 (-1.2%)	$227 (+1.5%)	0.1%	$0.20	—	S&P 500 VAL ETF	464287408

Unchanged Positions (32)

SCHX SCHWAB STRATEGIC TR 7.8%

Value ($000) $25,581 Shares 950,630 Est. Cost $0.04 Unrealized —

SCHF SCHWAB STRATEGIC TR 2.9%

Value ($000) $9,362 Shares 389,442 Est. Cost $0.03 Unrealized —

SPYG SPDR SERIES TRUST 4.0%

Value ($000) $12,973 Shares 121,581 Est. Cost $0.06 Unrealized —

VV VANGUARD INDEX FDS 2.2%

Value ($000) $7,192 Shares 22,845 Est. Cost $0.26 Unrealized —

VOO VANGUARD INDEX FDS 2.8%

Value ($000) $9,046 Shares 14,424 Est. Cost $0.53 Unrealized —

SCHG SCHWAB STRATEGIC TR 3.1%

Value ($000) $10,044 Shares 307,908 Est. Cost $0.05 Unrealized —

SHW SHERWIN WILLIAMS CO 0.5%

Value ($000) $1,515 Shares 4,676 Est. Cost $344.92 Unrealized -3.1%

AAPL APPLE INC 0.4%

Value ($000) $1,243 Shares 4,572 Est. Cost $191.32 Unrealized +40.3%

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $668 Shares 3,227 Est. Cost $152.66 Unrealized +29.1%

SCHA SCHWAB STRATEGIC TR 0.7%

Value ($000) $2,199 Shares 77,218 Est. Cost $0.04 Unrealized —

SCHM SCHWAB STRATEGIC TR 1.3%

Value ($000) $4,118 Shares 136,963 Est. Cost $0.05 Unrealized —

CB CHUBB LIMITED 0.1%

Value ($000) $406 Shares 1,300 Est. Cost $241.21 Unrealized +21.2%

BNDX VANGUARD CHARLOTTE FDS 0.5%

Value ($000) $1,671 Shares 34,592 Est. Cost $0.05 Unrealized —

IJR ISHARES TR 0.7%

Value ($000) $2,190 Shares 18,222 Est. Cost $0.12 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $465 Shares 1,570 Est. Cost $191.21 Unrealized +56.3%

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $788 Shares 1,155 Est. Cost $375.08 Unrealized —

IUSG ISHARES TR 0.2%

Value ($000) $771 Shares 4,588 Est. Cost $0.13 Unrealized —

VTV VANGUARD INDEX FDS 0.2%

Value ($000) $631 Shares 3,302 Est. Cost $0.17 Unrealized —

EEM ISHARES TR 0.2%

Value ($000) $521 Shares 9,527 Est. Cost $0.05 Unrealized —

UNP UNION PAC CORP 0.2%

Value ($000) $501 Shares 2,165 Est. Cost $234.64 Unrealized -3.1%

KO COCA COLA CO 0.1%

Value ($000) $211 Shares 3,016 Est. Cost $64.97 Unrealized +6.8%

FNDB SCHWAB STRATEGIC TR 0.1%

Value ($000) $282 Shares 10,605 Est. Cost $0.04 Unrealized —

DSI ISHARES TR 0.1%

Value ($000) $390 Shares 3,029 Est. Cost $0.11 Unrealized —

ESGU ISHARES TR 0.1%

Value ($000) $208 Shares 1,399 Est. Cost $145.60 Unrealized —

ABBV ABBVIE INC 0.1%

Value ($000) $318 Shares 1,393 Est. Cost $161.99 Unrealized +40.5%

VBK VANGUARD INDEX FDS 0.1%

Value ($000) $265 Shares 877 Est. Cost $0.27 Unrealized —

VBR VANGUARD INDEX FDS 0.1%

Value ($000) $300 Shares 1,415 Est. Cost $0.20 Unrealized —

IWR ISHARES TR 0.1%

Value ($000) $317 Shares 3,293 Est. Cost $0.09 Unrealized —

MA MASTERCARD INCORPORATED 0.1%

Value ($000) $230 Shares 403 Est. Cost $514.68 Unrealized +8.6%

DMXF ISHARES TR 0.1%

Value ($000) $363 Shares 4,830 Est. Cost $0.07 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 0.1%

Value ($000) $345 Shares 5,879 Est. Cost $0.06 Unrealized —

IJT ISHARES TR 0.1%

Value ($000) $256 Shares 1,813 Est. Cost $0.14 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHX	SCHWAB STRATEGIC TR	950,630	$25,581	7.8%	$0.04	—	US LRG CAP ETF	808524201
SCHF	SCHWAB STRATEGIC TR	389,442	$9,362	2.9%	$0.03	—	INTL EQTY ETF	808524805
SPYG	SPDR SERIES TRUST	121,581	$12,973	4.0%	$0.06	—	STATE STREET SPD	78464A409
VV	VANGUARD INDEX FDS	22,845	$7,192	2.2%	$0.26	—	LARGE CAP ETF	922908637
VOO	VANGUARD INDEX FDS	14,424	$9,046	2.8%	$0.53	—	S&P 500 ETF SHS	922908363
SCHG	SCHWAB STRATEGIC TR	307,908	$10,044	3.1%	$0.05	—	US LCAP GR ETF	808524300
SHW	SHERWIN WILLIAMS CO	4,676	$1,515	0.5%	$344.92	-3.1%	COM	824348106
AAPL	APPLE INC	4,572	$1,243	0.4%	$191.32	+40.3%	COM	037833100
JNJ	JOHNSON & JOHNSON	3,227	$668	0.2%	$152.66	+29.1%	COM	478160104
SCHA	SCHWAB STRATEGIC TR	77,218	$2,199	0.7%	$0.04	—	US SML CAP ETF	808524607
SCHM	SCHWAB STRATEGIC TR	136,963	$4,118	1.3%	$0.05	—	US MID-CAP ETF	808524508
CB	CHUBB LIMITED	1,300	$406	0.1%	$241.21	+21.2%	COM	H1467J104
BNDX	VANGUARD CHARLOTTE FDS	34,592	$1,671	0.5%	$0.05	—	TOTAL INT BD ETF	92203J407
IJR	ISHARES TR	18,222	$2,190	0.7%	$0.12	—	CORE S&P SCP ETF	464287804
IBM	INTERNATIONAL BUSINESS MACHS	1,570	$465	0.1%	$191.21	+56.3%	COM	459200101
SPY	SPDR S&P 500 ETF TR	1,155	$788	0.2%	$375.08	—	TR UNIT	78462F103
IUSG	ISHARES TR	4,588	$771	0.2%	$0.13	—	CORE S&P US GWT	464287671
VTV	VANGUARD INDEX FDS	3,302	$631	0.2%	$0.17	—	VALUE ETF	922908744
EEM	ISHARES TR	9,527	$521	0.2%	$0.05	—	MSCI EMG MKT ETF	464287234
UNP	UNION PAC CORP	2,165	$501	0.2%	$234.64	-3.1%	COM	907818108
KO	COCA COLA CO	3,016	$211	0.1%	$64.97	+6.8%	COM	191216100
FNDB	SCHWAB STRATEGIC TR	10,605	$282	0.1%	$0.04	—	FUNDAMENTAL US B	808524789
DSI	ISHARES TR	3,029	$390	0.1%	$0.11	—	ESG MSCI KLD 400	464288570
ESGU	ISHARES TR	1,399	$208	0.1%	$145.60	—	ESG AWR MSCI USA	46435G425
ABBV	ABBVIE INC	1,393	$318	0.1%	$161.99	+40.5%	COM	00287Y109
VBK	VANGUARD INDEX FDS	877	$265	0.1%	$0.27	—	SML CP GRW ETF	922908595
VBR	VANGUARD INDEX FDS	1,415	$300	0.1%	$0.20	—	SM CP VAL ETF	922908611
IWR	ISHARES TR	3,293	$317	0.1%	$0.09	—	RUS MID CAP ETF	464287499
MA	MASTERCARD INCORPORATED	403	$230	0.1%	$514.68	+8.6%	CL A	57636Q104
DMXF	ISHARES TR	4,830	$363	0.1%	$0.07	—	ESG EAFE ETF	46436E759
VGSH	VANGUARD SCOTTSDALE FDS	5,879	$345	0.1%	$0.06	—	SHORT TERM TREAS	92206C102
IJT	ISHARES TR	1,813	$256	0.1%	$0.14	—	S&P SML 600 GWT	464287887