Sage Investment Advisers LLC

Sage Investment Advisers LLC Form ADV Part 2A – Disclosure Brochure Effective: March 17, 2026 This Form ADV 2A (“Disclosure Brochure”) provides information about the qualifications and business practices of Sage Investment Advisers LLC (“Sage” or the “Advisor”). If you have any questions about the contents of this Disclosure Brochure, please contact the Advisor at (845) 240-1551. Sage is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”). The information in this Disclosure Brochure has not been approved or verified by the SEC or by any state securities authority. Registration of an investment advisor does not imply any specific level of skill or training. This Disclosure Brochure provides information through Sage to assist you in determining whether to retain the Advisor. Additional information about Sage and its Advisory Persons is available on the SEC’s website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 304559. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 https://sageinvestmentadvisersllc.com  Item 2 – Material Changes Form ADV 2 is divided into two parts: Part 2A (the "Disclosure Brochure") and Part 2B (the "Brochure Supplement"). The Disclosure Brochure provides information about a variety of topics relating to an Advisor’s business practices and conflicts of interest. The Brochure Supplement provides information about the Advisory Persons of Sage. For convenience, the Advisor has combined these documents into a single disclosure document. Sage believes that communication and transparency are the foundation of its relationship with clients and will continually strive to provide you with complete and accurate information at all times. Sage encourages all current and prospective clients to read this Disclosure Brochure and discuss any questions you may have with the Advisor. Material Changes There have been no material changes to this Disclosure Brochure since the last annual amendment filing on March 13th, 2025. Future Changes From time to time, the Advisor may amend this Disclosure Brochure to reflect changes in business practices, changes in regulations or routine annual updates as required by the securities regulators. This complete Disclosure Brochure or a Summary of Material Changes shall be provided to you annually and if a material change occurs in the business practices of Sage. At any time, you may view the current Disclosure Brochure on-line at the SEC’s Investment Advisor Public Disclosure website at www.Advisorinfo.sec.gov by searching with the Advisor’s firm name or CRD# 304559. You may also request a copy of this Disclosure Brochure at any time, by contacting the Advisor at (845) 240-1551. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 2  Item 3 – Table of Contents Item 1 – Cover Page 1 Item 2 – Material Changes ...................................................................................................................................... 2 Item 3 – Table of Contents ..................................................................................................................................... 3 Item 4 – Advisory Services..................................................................................................................................... 5 A. Firm Information .............................................................................................................................................................5 B. Advisory Services Offered ..............................................................................................................................................5 C. Client Account Management ..........................................................................................................................................7 D. Wrap Fee Programs .......................................................................................................................................................7 E. Assets Under Management ............................................................................................................................................7 Item 5 – Fees and Compensation .......................................................................................................................... 7 A. Fees for Advisory Services .............................................................................................................................................7 B. Fee Billing .......................................................................................................................................................................8 C. Other Fees and Expenses..............................................................................................................................................8 D. Advance Payment of Fees and Termination ..................................................................................................................9 E. Compensation for Sales of Securities ............................................................................................................................9 Item 6 – Performance-Based Fees and Side-By-Side Management .................................................................. 9 Item 7 – Types of Clients ...................................................................................................................................... 10 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ......................................................... 10 A. Methods of Analysis .....................................................................................................................................................10 B. Risk of Loss ..................................................................................................................................................................10 Item 9 – Disciplinary Information ........................................................................................................................ 11 Item 10 – Other Financial Industry Activities and Affiliations .......................................................................... 11 Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ............... 12 A. Code of Ethics ..............................................................................................................................................................12 B. Personal Trading with Material Interest ........................................................................................................................12 C. Personal Trading in Same Securities as Clients ..........................................................................................................12 D. Personal Trading at Same Time as Client....................................................................................................................12 Item 12 – Brokerage Practices ............................................................................................................................. 12 A. Recommendation of Custodian[s] ................................................................................................................................12 B. Aggregating and Allocating Trades ..............................................................................................................................13 Item 13 – Review of Accounts.............................................................................................................................. 13 A. Frequency of Reviews ..................................................................................................................................................13 B. Causes for Reviews......................................................................................................................................................13 C. Review Reports .............................................................................................................................................................14 Item 14 – Client Referrals and Other Compensation ......................................................................................... 14 A. Compensation Received by Sage ................................................................................................................................14 B. Compensation for Client Referrals ...............................................................................................................................14 Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 3  Item 15 – Custody.................................................................................................................................................. 15 Item 16 – Investment Discretion .......................................................................................................................... 15 Item 17 – Voting Client Securities ....................................................................................................................... 15 Item 18 – Financial Information ........................................................................................................................... 15 Appendix 1 – Wrap Fee Program Brochure 16 Form ADV 2B – Brochure Supplement 23 Privacy Policy 30 Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 4  Item 4 – Advisory Services A. Firm Information Sage Investment Advisers LLC (“Sage” or the “Advisor”) is a registered investment advisor with the SEC. The Advisor is organized as a limited liability company under the laws of the State of New York. Sage was founded in June 2019 and became a registered investment Advisor in July 2019. Sage changed its legal name from Sage One LLC to Sage Investment Advisors LLC on August 1, 2019. Sage is owned by Jerry Schuder (President and Chief Compliance Officer) and Crossix LLC, which is owned by Joseph Guarneri (Manager). This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by Sage. B. Advisory Services Offered Sage offers investment advisory services to individuals, high net worth individuals, families, trusts, and estates (each referred to as a “Client”). The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential conflicts of interest. Sage’s fiduciary commitment is further described in the Advisor’s Code of Ethics. For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading. Investment Management Services Sage, through its Advisory Persons, provides customized investment advisory solutions for its Clients. This is achieved through continuous personal Client contact and interaction while providing discretionary investment management and related advisory services. Sage works with each Client to identify their investment goals and objectives as well as risk tolerance and financial situation in order to develop an appropriate investment strategy for the Client. Sage will then construct an investment portfolio that seeks to achieve the outcome[s] for the strategy. Sage may recommend the internal investment management by its Advisory Persons and/or the use of independent managers or investment platforms (please see below). Internal Management – Sage will primarily construct Client portfolios utilizing exchange-traded funds (“ETFs”) and individual bonds. Sage may also utilize individual equities, low-cost, diversified mutual funds, limited partnerships, and other types of, as appropriate, to meet the needs of the Client. The Advisor may retain other types of investments from the Client’s legacy portfolio due to fit with the overall portfolio strategy, tax-related reasons, or other reasons as identified between the Advisor and the Client. Sage’s investment approach is primarily long-term focused, but the Advisor may buy, sell or re-allocate investments that have been held for less than one year to meet the objectives of the Client or due to market conditions. Sage will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to acceptance by the Advisor. Sage evaluates and selects investments for inclusion in Client portfolios only after applying its internal due diligence process. Sage may recommend, on occasion, redistributing investment allocations to diversify the portfolio. Sage may recommend specific positions to increase sector or asset class weightings. The Advisor may recommend employing cash positions as a possible hedge against market movement. Sage may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 5  At no time will Sage accept or maintain custody of a Client’s funds or securities, except for the limited authority as detailed in Item 15 - Custody. All Client assets will be managed within their designated account[s], pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices. Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a retirement account to an account managed by the Advisor. Use of Independent Managers – Sage will recommend that a Client utilize one or more unaffiliated investment managers or investment platforms (collectively “Independent Managers”) for all or a portion of a Client’s investment portfolio, based on the Client’s needs and objectives. In such instances, the Client may be required to authorize and enter into an advisory agreement with the Independent Manager[s] that defines the terms in which the Independent Manager[s] will provide investment management and related services. The Advisor will assist in the development of investment policy recommendations and managing the ongoing Client relationship. The Advisor will perform initial and ongoing oversight and due diligence over the selected Independent Manager[s] to ensure the Independent Managers’ strategies and target allocations remain aligned with the Clients’ investment objectives and overall best interests of the Client. The Client, prior to entering into an agreement with unaffiliated investment manager[s] or investment platform[s], will be provided with the Independent Manager's Form ADV 2A (or a brochure that makes the appropriate disclosures). Financial Planning Services Sage will typically provide a variety of financial planning services to Clients, either as a component of investment management or pursuant to a written financial planning agreement. Services are offered in several areas of a Client’s financial situation, depending on their goals and objectives. Generally, such financial planning services will involve preparing a financial plan or rendering a financial consultation based on the Client’s financial goals and objectives. This planning or consulting may encompass one or more areas of need, including, but not limited to investment planning, retirement planning, estate planning, personal savings, education savings, insurance needs and other areas of a Client’s financial situation. A financial plan developed for or financial consultation rendered to the Client will usually include general recommendations for a course of activity or specific actions to be taken by the Client. For example, recommendations may be made that the Client start or revise their investment programs, commence or alter retirement savings, establish education savings and/or charitable giving programs. Sage may also refer Clients to an accountant, attorney or other specialist, as appropriate for their unique situation. For certain financial planning engagements, the Advisor will provide a written summary of Client’s financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a written summary. Plans or consultations are typically completed within six months of contract date, assuming all information and documents requested are provided promptly. Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor for investment management services or to increase the level of investment assets with the Advisor, as it would increase the amount of advisory fees paid to the Advisor. Clients are not obligated to implement any recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the recommendations made by the Advisor, the Client is under no obligation to effect the transaction through the Advisor. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 6  C. Client Account Management Prior to engaging Sage to provide investment advisory services, each Client is required to enter into one or more advisory agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor and the Client. These services may include: ● Establishing an Investment Strategy – Sage, in connection with the Client, will develop a strategy targeted to achieve the Client’s investment goals and objectives. ● Asset Allocation – Sage will develop a strategic asset allocation that is targeted to meet the investment objectives, time horizon, financial situation and tolerance for risk for each Client. ● Portfolio Construction – Sage will develop a portfolio for the Client that is intended to meet the stated goals and objectives of the Client. ● Investment Management and Supervision – Sage will provide investment management and ongoing oversight of the Client’s portfolio. D. Wrap Fee Programs Sage includes in addition to securities transaction fees for certain mutual funds, commissions for bond transactions, custody fees and administrative fees (herein “Covered Costs”) together with its investment advisory fees. Including these fees into a single asset-based fee is considered a “Wrap Fee Program”. The Advisor customizes its investment management services for its Clients. The Advisor sponsors the Sage Wrap Fee Program solely as a supplemental disclosure regarding the combination of fees. Depending on the level of trading required for the Client’s account[s] in a particular year, the Client may pay more or less in total fees than if the Client paid its own transaction fees. Please see Appendix 1 – Wrap Fee Program Brochure, which is always included as a supplement to this Disclosure Brochure. E. Assets Under Management As of December 31, 2025, Sage manages approximately $268,400,685 in Client assets, all of which are managed on a discretionary basis. Clients may request more current information at any time by contacting the Advisor. Item 5 – Fees and Compensation The following paragraphs detail the fee structure and compensation methodology for services provided by the Advisor. Each Client shall sign one or more agreements that detail the responsibilities of Sage and the Client. A. Fees for Advisory Services Investment Management Services Investment advisory fees are paid monthly, in advance of each month, pursuant to the terms of the investment advisory agreement. Investment advisory fees are based on the market value of assets under management at the end of the prior month. Assets Under Management Up to $100,000 $100,001 to $250,000 $250,001 to $1,000,000 $1,000,001 to $2,000,000 $2,000,001 to $5,000,000 Over $5,000,000 Annual Fee (%) 2.00% 1.75% 1.50% 1.25% 1.00% 0.75% Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 7  The investment advisory fee in the first month of service is prorated from the inception date of the account[s] to the end of the first month. Fees may be negotiable at the sole discretion of the Advisor. Certain legacy Clients may have a fee schedule that differs from above. The Client’s fees will take into consideration the aggregate assets under management with Advisor. All securities held in accounts managed by Sage will be independently valued by the Custodian. Sage will conduct periodic reviews of the Custodian’s valuation to ensure accurate billing. Use of Independent Managers As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an Independent Manager. The Advisor will only earn its investment advisory fee as described above. The Advisor will allocate a portion of the advisory fee collected to the Independent Manager pursuant to the terms of the executed agreement between the Advisor and the Independent Manager. The total blended fee, including the Advisor’s fee and the Independent Manager’s fee, will not exceed 2.00% annually. Financial Planning Services Sage offers financial planning services at an hourly rate ranging up to $250. Fees may be negotiable based on the nature and complexity of the services to be provided and the overall relationship with the Advisor. An estimate for total hours and/or costs will be provided to the Client prior to engaging for these services. B. Fee Billing Investment Management Services Investment advisory fees will be calculated by the Advisor or its delegate and deducted from the Client’s account[s] at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted from the Client’s account[s] at the respective month end-date. The amount due is calculated by applying the monthly rate (annual rate divided by 12) to the total assets under management with Sage at the end of the prior month. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the investment advisory fee. It is the responsibility of the Client to verify the accuracy of these fees as listed on the Custodian’s brokerage statement as the Custodian does not assume this responsibility. Clients provide written authorization permitting advisory fees deducted by Sage to be paid directly from their accounts held by the Custodian as part of the investment advisory agreement and separate account forms provided by the Custodian. Use of Independent Managers For Client accounts implemented through an Independent Manager, the Client’s overall fees will include Sage’s investment advisory fee (as noted above) plus investment management fees and/or platform fees charged by the Independent Manager. The Advisor will assume the responsibility for calculating the Client’s fees and deducting all fees from the Client’s account[s]. Financial Planning Services Financial planning and consulting fees are invoiced up to fifty percent (50%) of the expected project fee upon the execution of the financial planning or consulting agreement with the balance due upon completion of the engagement deliverable[s]. C. Other Fees and Expenses Clients may incur certain fees or charges imposed by third parties in connection with investments made on behalf of the Client’s account[s]. Sage includes Covered Costs as part of its overall investment advisory fee through the Sage Wrap Fee Program. Covered Costs for Client-directed trades may be charged back to the Client. Please see Item 4.D. above as well as Appendix 1 – Wrap Fee Program Brochure. In addition, all fees paid to Sage for investment advisory services are separate and distinct from the expenses charged by mutual funds and ETFs to their shareholders, if applicable. Fees paid to Independent Managers are not shared with Sage. These fees and expenses are described in each fund’s prospectus. These fees and Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 8  expenses will generally be used to pay management fees for the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible distribution fee. A Client may be able to invest in these products directly, without the services of Sage, but would not receive the services provided by Sage which are designed, among other things, to assist the Client in determining which products or services are most appropriate for each Client’s financial situation and objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by Sage to fully understand the total fees to be paid. D. Advance Payment of Fees and Termination Investment Management Services Sage is compensated for its investment management services in advance of the month in which services are rendered. Either party may request to terminate the investment advisory agreement with Sage, at any time, by providing advance written notice to the other party. The Client may also terminate the investment advisory agreement within five (5) business days of signing the Advisor’s agreement at no cost to the Client. After the five- day period, the Client will incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and payable by the Client up to and including the effective date of termination. Upon termination, the Advisor will promptly refund any unearned, prepaid advisory fees. The Client’s investment advisory agreement with the Advisor is non-transferable without the Client’s prior consent. Use of Independent Managers In the event that a Client should wish to terminate its relationship with an Independent Manager, the terms for termination will be set forth in the respective agreements between the Client and those third parties. Sage will assist the Client with the termination and transition as appropriate. Financial Planning Services Sage requires an advance deposit as described above. Either party may terminate the financial planning or consulting agreement, at any time, by providing written notice to the other party. The Client may also terminate the financial planning agreement within five (5) business days of signing the Advisor’s agreement at no cost to the client. After the five-day period, the Client will incur charges for bona fide advisory services rendered to the point of termination an such fees will be due and payable by the client. For hourly engagements, the Client shall be responsible for fees based on the hours of service performed by Sage and its Advisory Persons. Upon termination, any unearned prepaid fees will be promptly refunded to the Client. The Client’s financial planning agreement with Sage is non-transferable without the Client’s prior consent. E. Compensation for Sales of Securities Sage does not buy or sell securities to generate securities commissions and does not receive any compensation for securities transactions in any Client account, other than the investment advisory fees noted above. Insurance Agency Affiliations Jerry Schuder is licensed as an independent insurance professional. As an independent insurance professional, an Advisory Person may earn commission-based compensation for selling insurance products, including insurance products offered to Clients. Insurance commissions earned by Mr. Schuder are separate and in addition to investment advisory fees. This practice presents a conflict of interest as an Advisory Person who is also an insurance professional will have an incentive to recommend insurance products to the Client for the purpose of generating commissions rather than solely based on the Client’s needs. Clients are under no obligation, contractual or otherwise, to purchase insurance products through Mr. Schuder. Please see Item 10 below. Item 6 – Performance-Based Fees and Side-By-Side Management Sage does not charge performance-based fees for its investment advisory services. The fees charged by Sage are as described in Item 5 – Fees and Compensation above and are not based upon the capital appreciation of the funds or securities held by any Client. Sage does not manage any proprietary investment funds or limited partnerships (for example, a mutual fund or a hedge fund) and has no financial incentive to recommend any particular investment options to its Clients. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 9  Item 7 – Types of Clients Sage offers investment advisory services to individuals, high net worth individuals, families, trusts, and estates. Sage does not impose a minimum account or relationship size; however certain investment strategies and Independent Managers may require a minimum account size to effectively implement their investment mandate. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss A. Methods of Analysis Sage primarily employs fundamental and technical analysis methods in developing investment strategies for its Clients. Research and analysis from Sage is derived from numerous sources, including financial media companies, third-party research materials, Internet sources, and review of company activities, including annual reports, prospectuses, press releases and research prepared by others. Fundamental analysis utilizes economic and business indicators as investment selection criteria. These criteria are generally ratios and trends that may indicate the overall strength and financial viability of the entity being analyzed. Assets are deemed suitable if they meet certain criteria to indicate that they are a strong investment with a value discounted by the market. While this type of analysis helps the Advisor in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in the fundamental analysis may lose value and may have negative investment performance. The Advisor monitors these economic indicators to determine if adjustments to strategic allocations are appropriate. More details on the Advisor’s review process are included below in Item 13 – Review of Accounts. Technical analysis involves the analysis of past market data rather than specific company data in determining the recommendations made to clients. Technical analysis may involve the use of charts to identify market patterns and trends, which may be based on investor sentiment rather than the fundamentals of the company. The primary risk in using technical analysis is that spotting historical trends may not help to predict such trends in the future. Even if the trend will eventually reoccur, there is no guarantee that Sage will be able to accurately predict such a reoccurrence. As noted above, Sage generally employs a long-term investment strategy for its Clients, as consistent with their financial goals. Sage will typically hold all or a portion of a security for more than a year, but may hold for shorter periods for the purpose of rebalancing a portfolio or meeting the cash needs of Clients. At times, Sage may also buy and sell positions that are more short-term in nature, depending on the goals of the Client and/or the fundamentals of the security, sector or asset class. B. Risk of Loss Investing in securities involves certain investment risks. Securities may fluctuate in value or lose value. Clients should be prepared to bear the potential risk of loss. Sage will assist Clients in determining an appropriate strategy based on their tolerance for risk and other factors noted above. However, there is no guarantee that a Client will meet their investment goals. Each Client engagement will entail a review of the Client's investment goals, financial situation, time horizon, tolerance for risk and other factors to develop an appropriate strategy for managing a Client's account. Client participation in this process, including full and accurate disclosure of requested information, is essential for the analysis of a Client's account[s]. The Advisor shall rely on the financial and other information provided by the Client or their designees without the duty or obligation to validate the accuracy and completeness of the provided information. It is the responsibility of the Client to inform the Advisor of any changes in financial condition, goals or other factors that may affect this analysis. The risks associated with a particular strategy are provided to each Client in advance of investing a Client’s account[s]. The Advisor will work with each Client to determine their tolerance for risk as part of the portfolio construction process. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 10  Following are some of the risks associated with the Advisor’s investment approach: Market Risks The value of a Client’s holdings may fluctuate in response to events specific to companies or markets, as well as economic, political, or social events in the U.S. and abroad. This risk is linked to the performance of the overall financial markets. ETF Risks The performance of ETFs are subject to market risk, including the possible loss of principal. The price of the ETFs will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs have a large bid-ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short time later. Bond ETFs Bond ETFs are subject to specific risks, including the following: (1) interest rate risks, i.e. the risk that bond prices will fall if interest rates rise, and vice versa, the risk depends on two things, the bond's time to maturity, and the coupon rate of the bond. (2) reinvestment risk, i.e. the risk that any profit gained must be reinvested at a lower rate than was previously being earned, (3) inflation risk, i.e. the risk that the cost of living and inflation increase at a rate that exceeds the income investment thereby decreasing the investor’s rate of return, (4) credit default risk, i.e. the risk associated with purchasing a debt instrument which includes the possibility of the company defaulting on its repayment obligation, (5) rating downgrades, i.e. the risk associated with a rating agency’s downgrade of the company’s rating which impacts the investor’s confidence in the company’s ability to repay its debt and (6) Liquidity Risks, i.e. the risk that a bond may not be sold as quickly as there is no readily available market for the bond. Mutual Fund Risks The performance of mutual funds are subject to market risk, including the possible loss of principal. The price of the mutual funds will fluctuate with the value of the underlying securities that make up the funds. The price of a mutual fund is typically set daily therefore a mutual fund purchased at one point in the day will typically have the same price as a mutual fund purchased later that same day. Alternative Investments (Limited Partnerships) The performance of alternative investments (limited partnerships) can be volatile and may have limited liquidity. An investor could lose all or a portion of their investment. Such investments often have concentrated positions and investments that may carry higher risks. Client should only have a portion of their assets in these investments. The risks associated with a particular strategy are provided to each Client in advance of investing Client accounts. The Advisor will work with each Client to determine their tolerance for risk as part of the portfolio construction process. Past performance is not a guarantee of future returns. Investing in securities and other investments involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to discuss these risks with the Advisor. Item 9 – Disciplinary Information There are no legal, regulatory or disciplinary events involving Sage or its owners. Sage value the trust you place in the Advisor. The Advisor encourages Clients to perform the requisite due diligence on any advisor or service provider that the Client engages. The backgrounds of the Advisor and its Advisory Persons are available on the Investment Advisor Public Disclosure website at www.Advisorinfo.sec.gov by searching with the Advisor’s firm name or CRD# 304559. Item 10 – Other Financial Industry Activities and Affiliations Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 11  Insurance Agency Affiliations As noted in Item 5, Jerry Schuder is also a licensed insurance professional. Implementations of insurance recommendations are separate and apart from one’s role with Sage. As an insurance professional, Mr. Schuder will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Mr. Schuder is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by Mr. Schuder or the Advisor Use of Independent Managers As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio with one or more Independent Managers. The Advisor does not receive any compensation, nor does this present a material conflict of interest. The Advisor will only earn its investment advisory fee as described in Item 5.A. Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading A. Code of Ethics Sage has implemented a Code of Ethics that defines the Advisor’s fiduciary commitment to each Client. This Code of Ethics applies to all persons associated with Sage (“Supervised Persons”). The Code of Ethics was developed to provide general ethical guidelines and specific instructions regarding the Advisor’s duties to the Client. Sage and its personnel owe a duty of loyalty, fairness and good faith towards each Client. It is the obligation of Sage Supervised Persons to adhere not only to the specific provisions of the Code, but also to the general principles that guide the Code. The Code of Ethics covers a range of topics that address employee ethics and conflicts of interest. To request a copy of the Code, please contact the Advisor at (845) 240-1551. B. Personal Trading with Material Interest Sage allows Supervised Persons to purchase or sell the same securities that may be recommended to and purchased on behalf of Clients. Sage does not act as principal in any transactions. In addition, the Advisor does not act as the general partner of a fund, or advise an investment company. Sage does not have a material interest in any securities traded in Client accounts. C. Personal Trading in Same Securities as Clients Sage allows Supervised Persons to purchase or sell of the same securities that may be recommended to and purchased on behalf of Clients. Owning the same securities that are recommended (purchase or sell) to Clients presents a conflict of interest that, as fiduciaries, must be disclosed to Clients and mitigated through policies and procedures. As noted above, the Advisor has adopted the Code, which addresses insider trading (material non- public information controls) and personal securities reporting procedures. When trading for personal accounts, Supervised Persons have a conflict of interest if trading in the same securities. The fiduciary duty to act in the best interest of its Clients can be violated if personal trades are made with more advantageous terms than Client trades, or by trading based on material non-public information. This risk is mitigated by Sage requiring reporting of personal securities trades by its employees for review by the CCO. The Advisor has also adopted written policies and procedures to detect the misuse of material, non-public information. D. Personal Trading at Same Time as Client While Sage allows Supervised Persons to purchase or sell the same securities that may be recommended to and purchased on behalf of Clients, such trades are typically aggregated with Client orders or traded afterward. At no time will Sage transact in any security to the detriment of any Client. Item 12 – Brokerage Practices A. Recommendation of Custodian[s] Sage does not have discretionary authority to select the broker-dealer/custodian for custody and execution services. The Client will engage the broker-dealer/custodian (herein the "Custodian") to safeguard Client assets Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 12  and authorize Sage to direct trades to this Custodian as agreed in the investment advisory agreement. Further, Sage does not have the discretionary authority to negotiate commissions on behalf of Clients on a trade-by-trade basis. Where Sage does not exercise discretion over the selection of the Custodian, it may recommend the Custodian to Clients for custody and execution services. Sage may recommend the Custodian based on criteria such as, but not limited to, reasonableness of commissions charged to the Client, services made available to the Client, and its overall reputation. Clients are not obligated to use the recommended Custodian and will not incur any extra fee or cost from the Advisor associated with using a custodian not recommended by Sage. However, the Advisor may be limited in the services it can provide if the recommended Custodian is not engaged. Sage may recommend the Custodian based on criteria such as, but not limited to, reasonableness of commissions charged to the Client, services made available to the Client, and its reputation and/or the location of the Custodian’s offices. Sage will generally recommend that Clients establish their account[s] at Charles Schwab & Co., Inc. (“Schwab”), a FINRA-registered broker-dealer and member SIPC. Schwab will serve as the Client’s “qualified custodian”. Sage maintains an institutional relationship with Schwab, whereby the Advisor receives economic benefits from Schwab (Please see Item 14 below.) Following are additional details regarding the brokerage practices of the Advisor: 1. Soft Dollars - Soft dollars are revenue programs offered by broker-dealers/custodians whereby an advisor enters into an agreement to place security trades with a broker-dealer/custodian in exchange for research and other services. Sage does not participate in soft dollar programs sponsored or offered by any broker-dealer. 2. Brokerage Referrals - Sage does not receive any compensation from any third party in connection with the recommendation for establishing a brokerage account. 3. Directed Brokerage - All Clients are serviced on a “directed brokerage basis”, where Sage will place trades within the established account[s] at the Custodian designated by the Client. Further, all Client accounts are traded within their respective account[s]. The Advisor will not engage in any principal transactions (i.e., trade of any security from or to the Advisor’s own account) or cross transactions with other Client accounts (i.e., purchase of a security into one Client account from another Client’s account[s]). In selecting the Custodian, Sage will not be obligated to select competitive bids on securities transactions and does not have an obligation to seek the lowest available transaction costs. These costs are determined by the Custodian. B. Aggregating and Allocating Trades The primary objective in placing orders for the purchase and sale of securities for Client accounts is to obtain the most favorable net results taking into account such factors as 1) price, 2) size of the order, 3) difficulty of execution, 4) confidentiality and 5) skill required of the broker. Sage will execute its transactions through an unaffiliated broker-dealer selected by the Client. Sage may aggregate orders in a block trade or trades when securities are purchased or sold through the Custodian for multiple (discretionary) accounts in the same trading day. If a block trade cannot be executed in full at the same price or time, the securities actually purchased or sold by the close of each business day must be allocated in a manner that is consistent with the initial pre-allocation or other written statement. This must be done in a way that does not consistently advantage or disadvantage particular Clients’ accounts. Item 13 – Review of Accounts A. Frequency of Reviews Securities in Client accounts are monitored on a regular and continuous basis by Advisory Persons of Sage and periodically by the CCO. Formal reviews are generally conducted at least annually or more or less frequently depending on the needs of the Client. B. Causes for Reviews Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 13  In addition to the investment monitoring noted in Item 13.A., each Client account shall be reviewed at least annually. Reviews may be conducted more or less frequently at the Client’s request. Accounts may be reviewed as a result of major changes in economic conditions, known changes in the Client’s financial situation, and/or large deposits or withdrawals in the Client’s account[s]. The Client is encouraged to notify Sage if changes occur in the Client’s personal financial situation that might adversely affect the Client’s investment plan. Additional reviews may be triggered by material market, economic or political events. C. Review Reports The Client will receive brokerage statements no less than quarterly from the Custodian. These brokerage statements are sent directly from the Custodian to the Client. The Client may also establish electronic access to the Custodian’s website so that the Client may view these reports and their account activity. Client brokerage statements will include all positions, transactions and fees relating to the Client’s account[s]. The Advisor may also provide Clients with periodic reports regarding their holdings, allocations, and performance. Item 14 – Client Referrals and Other Compensation A. Compensation Received by Sage Sage may refer Clients to various unaffiliated, non-advisory professionals (e.g. attorneys, accountants, estate planners) to provide certain financial services necessary to meet the goals of its Clients. Likewise, Sage may receive non-compensated referrals of new Clients from various third-parties. Participation in Institutional Advisor Platform Sage has established an institutional relationship with Schwab through its “Schwab Advisor Services” unit, a division of Schwab dedicated to serving independent advisory firms like Sage. As a registered investment advisor participating on the Schwab Advisor Services platform, Sage receives access to software and related support without cost because the Advisor renders investment management services to Clients that maintain assets at Schwab. Services provided by Schwab Advisor Services benefit the Advisor and many, but not all services provided by Schwab will benefit Clients. In fulfilling its duties to its Clients, the Advisor endeavors at all times to put the interests of its Clients first. Clients should be aware, however, that the receipt of economic benefits from a custodian creates a potential conflict of interest since these benefits may influence the Advisor's recommendation of this custodian over one that does not furnish similar software, systems support, or services. Services that Benefit the Client – Schwab’s institutional brokerage services include access to a broad range of investment products, execution of securities transactions, and custody of Client’s funds and securities. Through Schwab, the Advisor may be able to access certain investments and asset classes that the Client would not be able to obtain directly or through other sources. Further, the Advisor may be able to invest in certain mutual funds and other investments without having to adhere to investment minimums that might be required if the Client were to directly access the investments. Services that May Indirectly Benefit the Client – Schwab provides participating advisors with access to technology, research, discounts and other services. In addition, the Advisor receives duplicate statements for Client accounts, the ability to deduct advisory fees, trading tools, and back office support services as part of its relationship with Schwab. These services are intended to assist the Advisor in effectively managing accounts for its Clients, but may not directly benefit all Clients. Services that May Only Benefit the Advisor – Schwab also offers other services to Sage that may not benefit the Client, including: educational conferences and events, financial start-up support, consulting services and discounts for various service providers. Access to these services creates a financial incentive for the Advisor to recommend Schwab, which results in a potential conflict of interest. Sage believes, however, that the selection of Schwab as Custodian is in the best interests of its Clients. B. Compensation for Client Referrals Sage does not compensate, either directly or indirectly, any persons who are not supervised persons, for Client referrals. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 14  Item 15 – Custody The Advisor is authorized to deduct its fees from the Client’s account[s] at the Custodian. The Client must place all assets with a “qualified custodian”. The Client is required to engage the Custodian to retain all funds and securities and direct the Advisor to utilize that Custodian for security transactions in the account[s]. The Client should review statements provided by the Custodian, as the Custodian does not perform this review. For more information about custodians and brokerage practices, see Item 12 – Brokerage Practices. Item 16 – Investment Discretion Sage generally has discretion over the selection and amount of securities to be bought or sold in Client accounts without obtaining prior consent or approval from the Client. However, these purchases or sales may be subject to specified investment objectives, guidelines, or limitations previously set forth by the Client and agreed to by Sage. Discretionary authority will only be authorized upon full disclosure to the Client. The granting of such authority will be evidenced by the Client's execution of an investment advisory agreement containing all applicable limitations to such authority. All discretionary trades made by Sage will be in accordance with each Client's investment objectives and goals. Item 17 – Voting Client Securities Sage does not accept proxy-voting responsibility for any Client. Clients will receive proxy statements directly from the Custodian. The Advisor will assist in answering questions relating to proxies, however, the Client retains the sole responsibility for proxy decisions and voting. Item 18 – Financial Information Neither Sage, nor its management, have any adverse financial situations that would reasonably impair the ability of Sage to meet all obligations to its Clients. Neither Sage, nor any of its Advisory Persons, has been subject to a bankruptcy or financial compromise. Sage is not required to deliver a balance sheet along with this Disclosure Brochure as the Advisor does not collect fees of $1,200 or more for services to be performed six months or more in advance. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 15  Sage Investment Advisers LLC Form ADV Part 2A – Appendix 1 (“Wrap Fee Program Brochure”) Effective: March 17, 2026 This Form ADV2A - Appendix 1 (“Wrap Fee Program Brochure”) provides information about the qualifications and business practices for Sage Investment Advisers LLC (“Sage” or the “Advisor”) services when offering services pursuant to a wrap program. This Wrap Fee Program Brochure shall always be accompanied by the Sage Disclosure Brochure, which provides complete details on the business practices of the Advisor. If you did not receive the complete Sage Disclosure Brochure or you have any questions about the contents of this Wrap Fee Program Brochure or the Sage Disclosure Brochure, please contact the Advisor at (845) 240-1551. Sage is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”). The information in this Wrap Fee Program Brochure has not been approved or verified by the SEC or by any state securities authority. Registration of an investment advisor does not imply any specific level of skill or training. This Wrap Fee Program Brochure provides information about Sage to assist you in determining whether to retain the Advisor. Additional information about Sage and its Advisory Persons is available on the SEC’s website at www.Advisorinfo.sec.gov by searching for the Advisor’s firm name or by CRD# 304559. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 16  Item 2 – Material Changes Form ADV 2 – Appendix 1 provides information about a variety of topics relating to an Advisor’s business practices and conflicts of interest. In particular, this Wrap Fee Program Brochure discusses wrap fee programs offering by the Advisor. Material Changes There have been no material changes to this Disclosure Brochure since the last annual amendment filing on March 13th, 2025. Future Changes From time to time, the Advisor may amend this Wrap Fee Program Brochure to reflect changes in business practices, changes in regulations or routine annual updates as required by the securities regulators. This complete Wrap Fee Program Brochure (along with the complete Sage Disclosure Brochure) or a Summary of Material Changes shall be provided to you annually and if a material change occurs in the business practices of Sage. At any time, you may view this Wrap Fee Program Brochure and the current Disclosure Brochure on-line at the SEC’s Investment Advisor Public Disclosure website at www.Advisorinfo.sec.gov by searching with the Advisor’s firm name or CRD# 304559. You may also request a copy of this Disclosure Brochure at any time, by contacting the Advisor at (845) 240-1551. Item 3 – Table of Contents Item 1 – Cover Page 15 Item 2 – Material Changes 17 Item 3 – Table of Contents ................................................................................................................................... 17 Item 4 – Services Fees and Compensation ........................................................................................................ 18 Item 5 – Account Requirements and Types of Clients ...................................................................................... 19 Item 6 – Portfolio Manager Selection and Evaluation ....................................................................................... 20 Item 7 – Client Information Provided to Portfolio Managers ............................................................................ 21 Item 8 – Client Contact with Portfolio Managers ............................................................................................... 22 Item 9 – Additional Information ........................................................................................................................... 22 Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 17  Item 4 – Services Fees and Compensation A. Services Sage Investment Advisers LLC (“Sage” or the “Advisor”) provides customized investment advisory services for its Clients. This Wrap Fee Program Brochure is provided as a supplement to the Sage Disclosure Brochure (Form ADV 2A). This Wrap Fee Program Brochure is provided along with the complete Disclosure Brochure to provide full details of the business practices and fees when selecting Sage as your investment advisor. As part of the investment advisory fees noted in Item 5 of the Disclosure Brochure, Sage includes normal securities transaction fees for certain mutual funds, and commissions for bond transactions, custody fees and administrative fees (herein “Covered Costs”) as part of the overall investment advisory fee. Securities regulations often refer to this combined fee structure as a “Wrap Fee Program”. The Advisor's recommended Custodian does not charge securities transaction fees for ETF and equity trades in a Client's account, provided that the account meets the terms and conditions of the Custodian's brokerage requirements. However, the Custodian typically charges for mutual funds and other types of investments. The Advisor sponsors the Sage Wrap Fee Program. Use of Independent Managers Sage recommends to Clients that all or a portion of their investment portfolio be implemented by utilizing one or more unaffiliated money managers or investment platforms (collectively “Independent Managers”). The Client will be required to enter into a separate agreement with the Independent Manager[s]. Sage serves as the Client’s primary advisor and relationship manager. However, the Independent Manager[s] will assume discretionary authority for the day-to-day investment management of those assets placed in their control. Sage will assist and advise the Client in establishing investment objectives for their account[s], the selection of the Independent Manager[s], and defining any restrictions on the account[s]. Sage will continue to provide oversight of the Client’s account[s] and ongoing monitoring of the activities of these Independent Managers. The Independent Manager[s] will implement the selected investment strategies based on their investment mandates. The Client may be able to impose reasonable investment restrictions on these accounts, subject to the acceptance of these third parties. The Client, prior to entering into an agreement with an Independent Manager, will be provided with the Form ADV Part 2A (or a brochure that makes the appropriate disclosures) of those parties. Sage does not receive any compensation from these Independent Managers or Investment Platforms, other than Sage’s investment advisory fee as described in Item 5 below. The sole purpose of this Wrap Fee Program Brochure is to provide additional disclosure relating the combination of Covered Costs into a single “bundled” investment advisory fee. This Wrap Fee Program Brochure references back to the Sage Disclosure Brochure in which this Wrap Fee Program Brochure serves as an Appendix. Please see Item 4 – Advisory Services of the Disclosure Brochure for details on Sage’s investment philosophy and related services. B. Program Costs Advisory services provided by Sage are offered in a wrap fee structure whereby Covered Costs are included in the overall investment advisory fee paid to Sage. As the level of activity in a Client’s account[s] may vary from year to year, the annual cost to the Client may be more or less than engaging for advisory services where the Covered Costs are borne separately by the Client. The cost of the Wrap Fee Program varies depending on services to be provided to each Client, however, the Client is not charged more if there is higher trading activity or other Covered Costs. A Wrap Fee structure presents a conflict of interest as the Advisor is incentivized to limit the number of trades placed in the Client’s account[s] or to utilize securities that do not have transaction fees. As noted above, the Advisor’s recommended Custodian does not charge securities transaction fees for ETF and equity trades in Client accounts, provided that Client’s accounts meet the terms and conditions of the Custodian’s brokerage requirements. However the Custodian typically charges for mutual funds and other types of investments. As such, the Advisor is incentivized to utilize ETFs and other equity securities to limit the overall cost to the Advisor. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 18  The Advisor seeks to mitigate this conflict by requiring that Advisory Persons acknowledge their fiduciary duty to place Client interests ahead of the Advisor and to provide the Client with full and fair disclosure of the overall fees associated with their account[s]. Further, the Chief Compliance Officer reviews Client accounts periodically to evaluate the level of trading and the underlying investments, and to validate that the wrap fee program remains in the Client’s best interest. Please see Item 5 – Fees and Compensation of the Disclosure Brochure for complete details on fees. C. Fees Investment advisory fees are paid monthly, in advance of each month, pursuant to the terms of the investment advisory agreement. Investment advisory fees are based on the market value of assets under management at the end of the prior month. Assets Under Management Up to $100,000 $100,001 to $250,000 $250,001 to $1,000,000 $1,000,001 to $2,000,000 $2,000,001 to $5,000,000 Over $5,000,000 Annual Fee (%) 2.00% 1.75% 1.50% 1.25% 1.00% 0.75% The investment advisory fee in the first month of service is prorated from the inception date of the account[s] to the end of the first month. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into consideration the aggregate assets under management with Advisor. All securities held in accounts managed by Sage will be independently valued by the designated Custodian. Sage will conduct periodic reviews of the Custodian’s valuations. As noted above, the Wrap Fee Program Covered Costs incurred in connection with the discretionary investment management services provided by Sage, overall investment advisory fee. In addition, all fees paid to Sage for investment advisory services or part of the Wrap Fee Program are separate and distinct from the expenses charged by mutual funds and exchange-traded funds to their shareholders, if applicable. These fees and expenses are described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible distribution fee. Securities transaction fees for Client- directed trades will be charged back to the Client. In connection with the discretionary investment management services provided by Sage. The Client will also incur other costs assessed by the Custodian or other third parties, other than the Cover Costs noted above such as wire transfer fees, fees for trades executed away from the Custodian and other fees. for account related activity fees, such as wire transfer fees, fees for trades executed away from the Custodian (if applicable) and other fees. The Advisor does not control nor share in these third party fees. The Client should review both the fees charged by the fund[s] and the fees charged by Sage to fully understand the total fees to be paid. Please see Item 5.C. – Other Fees and Expenses in the Disclosure Brochure (included with this Wrap Fee Program Brochure). D. Compensation Sage is the sponsor and portfolio manager of this Wrap Fee Program. Sage receives investment advisory fees paid by Clients for participating in the Wrap Fee Program and pays the Covered Costs associated with the management of the Client’s account[s]. Item 5 – Account Requirements and Types of Clients Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 19  Sage provides investment advisory services to individuals, high net worth individuals, families, trusts, and estates. Sage does not impose a minimum account or relationship size; however certain Independent Managers may impose a minimum fee. Please see Item 7 – Types of Clients in the Disclosure Brochure for additional information. Item 6 – Portfolio Manager Selection and Evaluation Portfolio Manager Selection Sage serves as sponsor and as portfolio manager for the services under this Wrap Fee Program. Sage also serves as the sponsor in conjunction with Independent Managers for the Wrap Fee Program. Sage may also recommend that a Client utilize an Independent Manager for all or a portion of a Client’s investment portfolio. Sage will assist in the development of the initial policy recommendations and managing the ongoing Client relationship. Sage will also perform initial and ongoing oversight and due diligence over the selected Independent Managers to ensure the Independent Managers’ strategies and target allocations remain aligned with its Clients’ investment objectives and overall best interests. Related Persons Sage’s Advisory Persons serve as portfolio managers for this Wrap Fee Program. Sage does not serve as a portfolio manager for any third-party wrap fee programs. Details of the Advisory services provided are included in Item 4.A of the Disclosure Brochure. Performance-Based Fees Sage does not charge performance-based fees for its investment advisory services. The fees charged by Sage are as described in “Item 5 – Fees and Compensation” above and are not based upon the capital appreciation of the funds or securities held by any Client. Sage does not manage any proprietary investment funds or limited partnerships (for example, a mutual fund or a hedge fund) and has no financial incentive to recommend any particular investment options to its Clients. Supervised Persons Sage Advisory Persons serve as portfolio managers for Client accounts, including the services described in this Wrap Fee Program Brochure. Details of the advisory services provided are included in Item 4.A. of the Disclosure Brochure. Methods of Analysis Please see Item 8 of the Disclosure Brochure (included with this Wrap Fee Program Brochure) for details on the research and analysis methods employed by the Advisor. Risk of Loss Investing in securities involves certain investment risks. Securities may fluctuate in value or lose value. Clients should be prepared to bear the potential risk of loss. Sage will assist Clients in determining an appropriate strategy based on their tolerance for risk and other factors noted above. However, there is no guarantee that a Client will meet their investment goals. Each Client engagement will entail a review of the Client's investment goals, financial situation, time horizon, tolerance for risk and other factors to develop an appropriate strategy for managing a Client's account[s]. Client participation in this process, including full and accurate disclosure of requested information, is essential for the analysis of a Client's account[s]. The Advisor shall rely on the financial and other information provided by the Client or their designees without the duty or obligation to validate the accuracy and completeness of the provided information. It is the responsibility of the Client to inform the Advisor of any changes in financial condition, goals or other factors that may affect this analysis. Following are some of the risks associated with the Advisor’s investment approach: Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 20  Market Risks The value of a Client’s holdings may fluctuate in response to events specific to companies or markets, as well as economic, political, or social events in the U.S. and abroad. This risk is linked to the performance of the overall financial markets. ETF Risks The performance of ETFs are subject to market risk, including the possible loss of principal. The price of the ETFs will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs have a large bid-ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short time later. Bond ETFs Bond ETFs are subject to specific risks, including the following: (1) interest rate risks, i.e. the risk that bond prices will fall if interest rates rise, and vice versa, the risk depends on two things, the bond's time to maturity, and the coupon rate of the bond. (2) reinvestment risk, i.e. the risk that any profit gained must be reinvested at a lower rate than was previously being earned, (3) inflation risk, i.e. the risk that the cost of living and inflation increase at a rate that exceeds the income investment thereby decreasing the investor’s rate of return, (4) credit default risk, i.e. the risk associated with purchasing a debt instrument which includes the possibility of the company defaulting on its repayment obligation, (5) rating downgrades, i.e. the risk associated with a rating agency’s downgrade of the company’s rating which impacts the investor’s confidence in the company’s ability to repay its debt and (6) Liquidity Risks, i.e. the risk that a bond may not be sold as quickly as there is no readily available market for the bond. Mutual Fund Risks The performance of mutual funds are subject to market risk, including the possible loss of principal. The price of the mutual funds will fluctuate with the value of the underlying securities that make up the funds. The price of a mutual fund is typically set daily therefore a mutual fund purchased at one point in the day will typically have the same price as a mutual fund purchased later that same day. Alternative Investments (Limited Partnerships) The performance of alternative investments (limited partnerships) can be volatile and may have limited liquidity. An investor could lose all or a portion of their investment. Such investments often have concentrated positions and investments that may carry higher risks. Client should only have a portion of their assets in these investments. Past performance is not a guarantee of future returns. Investing in securities and other investments involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to discuss these risks with the Advisor. Please see Item 8.B. – Risk of Loss in the Disclosure Brochure for details on investment risks. Proxy Voting Sage does not accept proxy-voting responsibility for any Client. Clients will receive proxy statements directly from the Custodian. The Advisor will assist in answering questions relating to proxies, however, the Client retains the sole responsibility for proxy decisions and voting. Item 7 – Client Information Provided to Portfolio Managers Clients participating in the Wrap Fee Program generally grant Sage the authority to discuss certain non-public information with the Independent Managers engaged to manage their accounts. Depending upon the specific arrangement, Sage is authorized to disclose various personal information including, without limitation: names, phone numbers, addresses, social security numbers, driver’s license, tax identification numbers and account numbers. Sage may also share certain information related to its Clients’ financial positions and investment Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 21  objectives in an effort to ensure that the Independent Managers’ investment decisions remain aligned with its Clients’ best interests. This information is communicated on an initial and ongoing basis, or as otherwise necessary to the management of its Clients’ portfolios. Item 8 – Client Contact with Portfolio Managers Sage is a full-service investment management advisory firm. Clients always have direct access to the Portfolio Managers at Sage. Client’s also have the ability to reach out to Independent Managers for any direct inquiries. Item 9 – Additional Information A. Disciplinary Information and Other Financial Industry Activities and Affiliations There are no legal, regulatory or disciplinary events involving Sage or its owners. Sage value the trust you place in the Advisor. The Advisor encourages Clients to perform the requisite due diligence on any advisor or service provider that the Client engages. The backgrounds of the Advisor and its Advisory Persons are available on the Investment Advisor Public Disclosure website at www.Advisorinfo.sec.gov by searching with the Advisor’s firm name or CRD# 304559. Other Financial Activities and Affiliations Please see Items 10 and 14 of the Form ADV Part 2A – Disclosure Brochure (included with this Wrap Fee Program Brochure). B. Code of Ethics, Review of Accounts, Client Referrals, and Financial Information Sage has implemented a Code of Ethics that defines the Advisor’s fiduciary commitment to each Client. This Code of Ethics applies to all persons subject to Sage’s compliance program ( “Supervised Persons”). Complete details on the Sage Code of Ethics can be found under Item 11 – Code of Ethics, Participation in Client Transactions and Personal Trading in the Disclosure Brochure (included with this Wrap Fee Program Brochure). Review of Accounts Investments in Client accounts are monitored on a regular and continuous basis by Advisory Persons of Sage under the supervision of the Chief Compliance Officer (“CCO”). Details of the review policies and practices are provided in Item 13 of the Form ADV Part 2A – Disclosure Brochure. Compensation for Client Referrals Sage does not compensate, either directly or indirectly, any persons who are not supervised persons, for Client referrals. Financial Information Neither Sage, nor its management has any adverse financial situations that would reasonably impair the ability of Sage to meet all obligations to its Clients. Neither Sage, nor any of its Advisory Persons, has been subject to a bankruptcy or financial compromise. Sage is not required to deliver a balance sheet along with this Disclosure Brochure, as the firm does not collect advance fees of $1,200 or more for services to be performed six months or more in advance. Please see Item 18 of the Form ADV Part 2A – Disclosure Brochure. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 22  Form ADV Part 2B – Brochure Supplement for Jerry J. Schuder President and Chief Compliance Officer Effective: March 17, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Jerry J. Schuder (CRD# 2573583) in addition to the information contained in the Sage Investment Advisers LLC (“Sage” or the “Advisor”, CRD# 304559) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Sage Disclosure Brochure or this Brochure Supplement, please contact the Advisor at (617) 800-0388. Additional information about Mr. Schuder is available on the SEC’s Investment Advisor Public Disclosure website at www.Advisorinfo.sec.gov by searching with his full name or his Individual CRD# 2573583. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 23  Item 2 – Educational Background and Business Experience Jerry J. Schuder, born in 1972, is dedicated to advising Clients of Sage as its President and Chief Compliance Officer. Mr. Schuder earned a Bachelor of Science in Economics from SUNY Albany in 1994. Mr. Schuder also earned an AAS in Science in Business Administration from Dutchess Community College. Additional information regarding Mr. Schuder’s employment history is included below. Employment History: President and Chief Compliance Officer, Sage Investment Advisers LLC Financial Advisor, Wells Fargo Clearing Services, LLC Financial Advisor, Wells Fargo Advisors LLC Financial Advisor, Morgan Stanley Smith Barney Financial Advisor, Morgan Stanley & Co., Inc. 07/2019 to Present 10/2013 to 06/2019 04/2011 to 11/2016 06/2009 to 04/2011 04/2007 to 04/2011 Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mr. Schuder. Mr. Schuder has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mr. Schuder. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mr. Schuder. However, we do encourage you to independently view the background of Mr. Schuder on the Investment Advisor Public Disclosure website at www.Advisorinfo.sec.gov by searching with his full name or his Individual CRD# 2573583. Item 4 – Other Business Activities Insurance Agency Affiliations Mr. Schuder is also a licensed insurance professional. Implementations of insurance recommendations are separate and apart from Mr. Schuder’s role with Sage. As an insurance professional, Mr. Schuder will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Mr. Schuder is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by Mr. Schuder or the Advisor. Mr. Schuder spends approximately 10% of his time per month in this capacity. Item 5 – Additional Compensation Mr. Schuder has an additional business activity where compensation is received that is detailed in Item 4 above. Item 6 – Supervision Mr. Schuder serves as the President and Chief Compliance Officer of Sage. Mr. Schuder can be reached at (617) 800-0388. Sage has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Sage. Further, Sage is subject to regulatory oversight by various agencies. These agencies require registration by Sage and its Supervised Persons. As a registered entity, Sage is subject to examinations by regulators, which may be announced or unannounced. Sage is Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 24  required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 25  Form ADV Part 2B – Brochure Supplement for Joseph N. Guarneri Manager Effective: March 17, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Joseph N. Guarneri (CRD# 7151489) in addition to the information contained in the Sage Investment Advisers LLC (“Sage” or the “Advisor”, CRD# 304559) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Sage Disclosure Brochure or this Brochure Supplement, please contact the Advisor at (845) 240-155. Additional information about Mr. Guarneri is available on the SEC’s Investment Advisor Public Disclosure website at www.Advisorinfo.sec.gov by searching with his full name or his Individual CRD# 7151489. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 26  Item 2 – Educational Background and Business Experience Joseph N. Guarneri, born in 1963, is dedicated to advising Clients of Sage as a Manager. Mr. Guarneri earned an MBA Finance from Rochester Institute Of Technology in 1986. Mr. Guarneri also earned a Bachelors of Science in Industrial Engineering from Rochester Institute Of Technology in 1986. Additional information regarding Mr. Guarneri’s employment history is included below. Employment History: Manager, Sage Investment Advisers LLC Manager, Crossix LLC General Manager, Unico Special Products Inc 06/2019 to Present 01/2015 to Present 06/1986 to 01/2015 Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mr. Guarneri. Mr. Guarneri has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mr. Guarneri. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mr. Guarneri. However, we do encourage you to independently view the background of Mr. Guarneri on the Investment Advisor Public Disclosure website at www.Advisorinfo.sec.gov by searching with his full name or his Individual CRD# 7151489. Item 4 – Other Business Activities Crossix LLC Mr. Guarneri is owner and managing member of Crossix LLC, a real estate investment firm and holding company for his personal investments. Mr. Guarneri spends approximatly 50% of his time per month in this capacity. Item 5 – Additional Compensation Mr. Guarneri has an additional business activity where compensation is received that is detailed in Item 4 above. Item 6 – Supervision Mr. Guarneri serves as the Manager of Sage and is supervised by Jerry Schuder, the Chief Compliance Officer. Mr. Schuder can be reached at (845) 240-1551. Sage has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Sage. Further, Sage is subject to regulatory oversight by various agencies. These agencies require registration by Sage and its Supervised Persons. As a registered entity, Sage is subject to examinations by regulators, which may be announced or unannounced. Sage is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 27  Form ADV Part 2B – Brochure Supplement for Charles B. Levinson Investment Advisor Representative Effective: March 17, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Charles B. Levinson (CRD# 710843) in addition to the information contained in the Sage Investment Advisers LLC (“Sage” or the “Advisor”, CRD# 304559) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Sage Disclosure Brochure or this Brochure Supplement, please contact us at (845) 240-1551. Additional information about Mr. Levinson is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 710843. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 28  Item 2 – Educational Background and Business Experience Charles B. Levinson, born in 1951, is dedicated to advising Clients of Sage as an Investment Advisor Representative. Additional information regarding Mr. Levinson’s employment history is included below. Employment History: Investment Advisor Representative, Sage Investment Advisers LLC Registered Representative, Wells Fargo Clearing Services,LLC Registered Representative, Wells Fargo Advisors LLC 10/2021 to Present 06/2016 to 10/2021 05/2009 to 06/2016 Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mr. Levinson. Mr. Levinson has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mr. Levinson. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mr. Levinson. However, we do encourage you to independently view the background of Mr. Levinson on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 710843. Item 4 – Other Business Activities Mr. Levinson is dedicated to the investment advisory activities of Sage’s Clients. Mr. Levinson does not have any other business activities. Item 5 – Additional Compensation Mr. Levinson is dedicated to the investment advisory activities of Sage’s Clients. Mr. Levinson does not receive any additional forms of compensation. Item 6 – Supervision Mr. Levinson serves as an Investment Advisor Representative of Sage and is supervised by Jerry Schuder, the Chief Compliance Officer. Mr. Schuder can be reached at (845) 240-1551. Sage has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Sage. Further, Sage is subject to regulatory oversight by various agencies. These agencies require registration by Sage and its Supervised Persons. As a registered entity, Sage is subject to examinations by regulators, which may be announced or unannounced. Sage is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 29  Privacy Policy Effective Date: March 17, 2026 Our Commitment to You Sage Investment Advisers LLC (“Sage” or the “Advisor”) is committed to safeguarding the use of personal information of our Clients (also referred to as “you” and “your”) that we obtain as your Investment Advisor, as described here in our Privacy Policy (“Policy”). Our relationship with you is our most important asset. We understand that you have entrusted us with your private information, and we do everything that we can to maintain that trust. Sage (also referred to as "we", "our" and "us”) protects the security and confidentiality of the personal information we have and implements controls to ensure that such information is used for proper business purposes in connection with the management or servicing of our relationship with you. Sage does not sell your non-public personal information to anyone. Nor do we provide such information to others except for discrete and reasonable business purposes in connection with the servicing and management of our relationship with you, as discussed below. Details of our approach to privacy and how your personal non-public information is collected and used are set forth in this Policy. Why you need to know? Registered Investment Advisors (“RIAs”) must share some of your personal information in the course of servicing your account. Federal and State laws give you the right to limit some of this sharing and require RIAs to disclose how we collect, share, and protect your personal information. What information do we collect from you? Social security or taxpayer identification number Assets and liabilities Name, address and phone number[s] Income and expenses E-mail address[es] Investment activity Account information (including other institutions) Investment experience and goals What Information do we collect from other sources? Custody, brokerage and advisory agreements Other advisory agreements and legal documents Transactional information with us or others Account applications and forms Investment questionnaires and suitability documents Other information needed to service account How do we protect your information? To safeguard your personal information from unauthorized access and use we maintain physical, procedural and electronic security measures. These include such safeguards as secure passwords, encrypted file storage and a secure office environment. Our technology vendors provide security and access control over personal information and have policies over the transmission of data. Our associates are trained on their responsibilities to protect Client’s personal information. We require third parties that assist in providing our services to you to protect the personal information they receive from us. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 30  How do we share your information? An RIA shares Client personal information to effectively implement its services. In the section below, we list some reasons we may share your personal information. Basis For Sharing Do we share? Can you limit? Yes No Servicing our Clients We may share non-public personal information with non-affiliated third parties (such as administrators, brokers, custodians, regulators, credit agencies, other financial institutions) as necessary for us to provide agreed upon services to you, consistent with applicable law, including but not limited to: processing transactions; general account maintenance; responding to regulators or legal investigations; and credit reporting. No Not Shared Marketing Purposes Sage does not disclose, and does not intend to disclose, personal information with non-affiliated third parties to offer you services. Certain laws may give us the right to share your personal information with financial institutions where you are a customer and where Sage or the client has a formal agreement with the financial institution. We will only share information for purposes of servicing your accounts, not for marketing purposes. Yes Yes Authorized Users Your non-public personal information may be disclosed to you and persons that we believe to be your authorized agent[s] or representative[s]. No Not Shared Information About Former Clients Sage does not disclose and does not intend to disclose, non-public personal information to non-affiliated third parties with respect to persons who are no longer our Clients. Changes to our Privacy Policy We will send you a copy of this Policy annually for as long as you maintain an ongoing relationship with us. Periodically we may revise this Policy, and will provide you with a revised Privacy Policy if the changes materially alter the previous Privacy Policy. We will not, however, revise our Privacy Policy to permit the sharing of non- public personal information other than as described in this notice unless we first notify you and provide you with an opportunity to prevent the information sharing. Any Questions? You may ask questions or voice any concerns, as well as obtain a copy of our current Privacy Policy by contacting us at (845) 240-1551. Sage Investment Advisers LLC 1829 South Road, Wappingers Falls, NY 12590 Phone: (845) 240-1551 | https://sageinvestmentadvisersllc.com Page 31