SENTINEL PENSION ADVISORS, LLC

2. Key Holdings

The portfolio is dominated by large-scale exchange-traded funds (ETFs), suggesting a focus on beta and liquidity. The top five positions account for approximately 56.7% of the total portfolio value, indicating a conviction-heavy approach to core asset classes.

• BNY Mellon ETF Trust & SPY: The largest position is a BNY Mellon ETF Trust (likely a fixed income or specific strategy fund given the context of other holdings) at $126.3M (19.40%), followed closely by the SPDR S&P 500 ETF Trust (SPY) at $97.6M (14.99%). These two positions alone constitute over 34% of the portfolio, serving as the primary anchors for U.S. equity and potentially income exposure.
• J.P. Morgan ETF (JCPB): The third largest holding is JCPB at $57.19M (8.78%), representing a significant allocation to a specific J.P. Morgan strategy, likely focused on income or bond exposure.
• Gold Exposure: Notably, the World Gold Trust (5th position) holds $34.04M (5.23%), signaling a tactical defensive allocation to precious metals. Combined with smaller positions in PHYS and GLD, gold is a meaningful component of the portfolio.
• Single Stocks: Direct equity exposure is minimal. Apple Inc. (AAPL) is the only individual stock to break the top 15, holding the 14th spot at $8.08M (1.24%). Microsoft (MSFT) appears much lower down the list.