STERLING INVESTMENT ADVISORS LLC /ADV

2. Key Holdings

The portfolio is dominated by large-cap, broad-market ETFs designed to track core indices.

• IEFA (iShares Core MSCI EAFE): This is the largest holding, comprising 17.95% of the portfolio ($37.08M). This indicates a strong strategic tilt toward international developed markets (excluding the U.S. and Canada).
• IVV (iShares Core S&P 500): The second largest position at 12.56% ($25.95M) provides exposure to large-cap U.S. equities. Notably, this was a new position this quarter, signaling a major reallocation toward U.S. equity exposure.
• IEMG (iShares Core MSCI Emerging Markets): Representing 9.05% ($18.70M), this holding complements IEFA, providing exposure to emerging economies.
• Fixed Income & Factor ETFs: The next tier includes VTV (Vanguard Value ETF) at 5.68% and several fixed income ETFs (IShares positions totaling approx. $11.4M), suggesting a focus on value factors and income generation.