13F HOLDINGS REPORT

SJA Financial Advisory, LLC

Quarter ended Q3 2025 · Filed November 6, 2025 · Accession 0001697024-25-000006

Total Value

$148.3M

Positions

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (41)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES CORE MSCI EAFE	46432F842	267,727	$23.4M	15.76%
2	ISHARES S&P 500 INDEX	464287200	23,800	$15.9M	10.74%
3	VANGUARD TOTAL BOND MARKET ETF	921937835	150,324	$11.2M	7.54%
4	ISHARES S&P 500 VALUE ETF	464287408	52,646	$10.9M	7.33%
5	ISHARES S&P 500 GROWTH ETF	464287309	89,008	$10.7M	7.25%
6	ISHARES S&P MID-CAP 400 GROWTH ETF	464287606	93,953	$9.0M	6.08%
7	ISHARES CORE MSCI EMERGING MKTS	46434G103	136,123	$9.0M	6.05%
8	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	102,149	$6.1M	4.13%
9	ISHARES S&P MIDCAP 400 VALUE ETF	464287705	44,270	$5.7M	3.87%
10	ISHARES RUSSELL 1000 VALUE ETF	464287598	23,603	$4.8M	3.24%
11	SCHWAB U.S. LARGE-CAP GROWTH ETF	808524300	113,205	$3.6M	2.44%
12	SCHWAB U.S. LARGE-CAP ETF	808524201	126,880	$3.3M	2.25%
13	ISHARES S&P SMALLCAP 600 VALUE ETF	464287879	30,028	$3.3M	2.24%
14	ISHARES S&P SMALL-CAP 600 GROWTH ETF	464287887	19,581	$2.8M	1.87%
15	VANGUARD REIT INDEX ETF	922908553	28,740	$2.6M	1.77%
16	SCHWAB U.S. LARGE-CAP VALUE ETF	808524409	90,218	$2.6M	1.77%
17	ISHARES RUSSELL 1000 ETF	464287622	6,395	$2.3M	1.58%
18	ISHARES CORE S&P MID CAP ETF	464287507	35,665	$2.3M	1.57%
19	ISHARES RUSSELL 1000 GROWTH ETF	464287614	4,292	$2.0M	1.36%
20	ISHARES US REAL ESTATE ETF	464287739	18,788	$1.8M	1.23%
21	ISHARES RUSSELL MIDCAP VALUE INDEX	464287473	10,451	$1.5M	0.98%
22	STATE STREET SPDR S&P 400 MID CAP GROWTH ETF	78464A821	15,920	$1.5M	0.98%
23	ISHARES S&P SMALLCAP 600 ETF	464287804	9,861	$1.2M	0.79%
24	FIDELITY ENHANCED LARGE CAP CORE ETF	316092113	31,212	$1.2M	0.78%
25	ISHARES TRUST CORE MSCI TOTAL INTL STK ETF	46432F834	11,784	$973,134	0.66%
26	ISHARES RUSSELL 2000 ETF	464287655	3,993	$966,229	0.65%
27	SCHWAB EMERGING MARKETS EQUITY ETF	808524706	28,795	$960,874	0.65%
28	VANGUARD S&P 500 ETF	922908363	1,366	$836,408	0.56%
29	SPDR PORTFOLIO EMERGING MARKETS ETF	78463X509	15,934	$745,880	0.50%
30	SCHWAB INTERNATIONAL EQUITY ETF	808524805	31,156	$725,308	0.49%
31	STATE STREET SPDR S&P 400 MID CAP VALUE ETF	78464A839	8,595	$716,870	0.48%
32	SPDR S&P MIDCAP 400 ETF TRUST	MDY	992	$591,137	0.40%
33	ISHARES RUSSELL 2000 VALUE	464287630	2,976	$526,143	0.35%
34	ISHARES TR RUSSELL MIDCAP INDEX FD	464287499	4,629	$446,928	0.30%
35	ISHARES NATIONAL MUNI BOND ETF	464288414	3,917	$417,143	0.28%
36	SCHWAB U.S. BROAD MARKET ETF	808524102	15,320	$393,881	0.27%
37	POWERSHARES QQQ TR	IVZ	444	$266,318	0.18%
38	VANGUARD EXTENDED MARKET ETF	922908652	1,193	$249,828	0.17%
39	STATE STREET SPDR BLOOMBERG HIGH YIELD BOND ETF	78468R622	2,512	$246,144	0.17%
40	SPDR S&P 500 ETF TRUST	SPY	331	$220,467	0.15%
41	SCHWAB U.S. SMALL-CAP ETF	808524607	7,237	$201,903	0.14%