Foreign [Member] | Corporate Notes [Member] | Automotive [Member] | Zero Point Nine Seven Percent Volkswagen International Finance Nv Maturing At 1-April-2014 [Member]

Face value

200,000

Maturity Date

Apr. 01, 2014

Yield1

0.97%

^[1]

Fair Value

201,157

%of Partners' Capital (Net Asset Value)

0.69%

Foreign [Member] | Corporate Notes [Member] | Automotive [Member] | Zero Point Nine Eight Percent Volkswagen International Finance N.V. Maturing At 1-April-2014 [Member]

Face value

550,000

Maturity Date

Apr. 01, 2014

Yield1

0.98%

^[1]

Fair Value

540,367

%of Partners' Capital (Net Asset Value)

1.08%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Two Point One Three Percent Bank Of Montreal Maturing At 28-June-2013 [Member]

Face value

200,000

Maturity Date

Jun. 28, 2013

Yield1

2.13%

^[1]

Fair Value

201,732

%of Partners' Capital (Net Asset Value)

0.69%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | One Point Three Nine Percent Danske Bank As Maturing At 14-April-2014 [Member]

Face value

275,000

Maturity Date

Apr. 14, 2014

Yield1

1.39%

^[1]

Fair Value

271,404

%of Partners' Capital (Net Asset Value)

0.93%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Seven Two Percent Hsbc Bank Plc Maturing At 18-January-2013 [Member]

Face value

250,000

Maturity Date

Jan. 18, 2013

Yield1

0.72%

^[1]

Fair Value

250,423

%of Partners' Capital (Net Asset Value)

0.86%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | One Point Three Six Percent Ing Bank N.V. Maturing At 15-March-2013 [Member]

Face value

550,000

Maturity Date

Mar. 15, 2013

Yield1

1.36%

^[1]

Fair Value

551,137

%of Partners' Capital (Net Asset Value)

1.88%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Two Two Percent Kfw Bankengruppe Maturing At 17-June-2013 [Member]

Face value

250,000

Maturity Date

Jun. 17, 2013

Yield1

0.22%

^[1]

Fair Value

250,032

%of Partners' Capital (Net Asset Value)

0.86%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Four Six Percent Rabobank Nederland Maturing At 4-February-2013 [Member]

Face value

350,000

Maturity Date

Feb. 04, 2013

Yield1

0.46%

^[1]

Fair Value

350,238

%of Partners' Capital (Net Asset Value)

1.19%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Four Nine Percent Toronto-Dominion Bank Maturing At 26-July-2013 [Member]

Face value

270,000

Maturity Date

Jul. 26, 2013

Yield1

0.49%

^[1]

Fair Value

270,466

%of Partners' Capital (Net Asset Value)

0.93%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | One Point Two Nine Percent Bnp Paribas Maturing At 10-January-2014 [Member]

Face value

550,000

Maturity Date

Jan. 10, 2014

Yield1

1.29%

^[1]

Fair Value

508,863

%of Partners' Capital (Net Asset Value)

1.01%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Seven Eight Percent Commonwealth Bank Of Australia Maturing At 29-June-2012 [Member]

Face value

250,000

Maturity Date

Jun. 29, 2012

Yield1

0.78%

^[1]

Fair Value

249,803

%of Partners' Capital (Net Asset Value)

0.50%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | One Point Two Nine Percent Commonwealth Bank Of Australia Maturing At 17-March-2014 [Member]

Face value

550,000

Maturity Date

Mar. 17, 2014

Yield1

1.29%

^[1]

Fair Value

541,445

%of Partners' Capital (Net Asset Value)

1.08%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | One Point Four Five Percent Danske Bank As Maturing At 14-April-2014 [Member]

Face value

275,000

Maturity Date

Apr. 14, 2014

Yield1

1.45%

^[1]

Fair Value

265,934

%of Partners' Capital (Net Asset Value)

0.53%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Eight Eight Percent Hsbc Bank Plc Maturing At 3-August-2012 [Member]

Face value

250,000

Maturity Date

Aug. 03, 2012

Yield1

0.88%

^[1]

Fair Value

250,519

%of Partners' Capital (Net Asset Value)

0.50%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Eight Percent Hsbc Bank Plc Maturing At 18-January-2013 [Member]

Face value

250,000

Maturity Date

Jan. 18, 2013

Yield1

0.80%

^[1]

Fair Value

249,489

%of Partners' Capital (Net Asset Value)

0.50%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | One Point Zero Three Percent Ing Bank N.V. Maturing At 13-January-2012 [Member]

Face value

300,000

Maturity Date

Jan. 13, 2012

Yield1

1.03%

^[1]

Fair Value

300,655

%of Partners' Capital (Net Asset Value)

0.60%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | One Point Six Percent Ing Bank N.V. Maturing At 15-March-2013 [Member]

Face value

550,000

Maturity Date

Mar. 15, 2013

Yield1

1.60%

^[1]

Fair Value

537,605

%of Partners' Capital (Net Asset Value)

1.07%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Two Nine Percent Kfw Bankengruppe Maturing At 17-June-2013 [Member]

Face value

250,000

Maturity Date

Jun. 17, 2013

Yield1

0.29%

^[1]

Fair Value

249,908

%of Partners' Capital (Net Asset Value)

0.50%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Seven Five Percent National Australia Bank Limited Maturing At 15-June-2012 [Member]

Face value

250,000

Maturity Date

Jun. 15, 2012

Yield1

0.75%

^[1]

Fair Value

250,128

%of Partners' Capital (Net Asset Value)

0.50%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Five Eight Percent Rabobank Nederland Maturing At 4-February-2013 [Member]

Face value

350,000

Maturity Date

Feb. 04, 2013

Yield1

0.58%

^[1]

Fair Value

350,232

%of Partners' Capital (Net Asset Value)

0.70%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Six Nine Percent Royal Bank Of Canada Maturing At 12-December-2012 [Member]

Face value

350,000

Maturity Date

Dec. 12, 2012

Yield1

0.69%

^[1]

Fair Value

350,494

%of Partners' Capital (Net Asset Value)

0.70%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Two Point Six Three Percent Royal Bank Of Scotland Maturing At 11-May-2012 [Member]

Face value

200,000

Maturity Date

May 11, 2012

Yield1

2.63%

^[1]

Fair Value

202,009

%of Partners' Capital (Net Asset Value)

0.40%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | Zero Point Six Percent Toronto-Dominion Bank Maturing At 26-July-2013 [Member]

Face value

270,000

Maturity Date

Jul. 26, 2013

Yield1

0.60%

^[1]

Fair Value

269,910

%of Partners' Capital (Net Asset Value)

0.54%

Foreign [Member] | Corporate Notes [Member] | Banks [Member] | One Point Nine Percent Westpac Banking Corporation Maturing At 14-December-2012 [Member]

Face value

100,000

Maturity Date

Dec. 14, 2012

Yield1

1.90%

^[1]

Fair Value

101,010

%of Partners' Capital (Net Asset Value)

0.20%

Foreign [Member] | Corporate Notes [Member] | Energy [Member] | One Point Eight Eight Percent Shell International Finance B.V. Maturing At 25-March-2013 [Member]

Face value

175,000

Maturity Date

Mar. 25, 2013

Yield1

1.88%

^[1]

1.88%

^[1]

Fair Value

176,500

179,136

%of Partners' Capital (Net Asset Value)

0.60%

0.36%

Foreign [Member] | Corporate Notes [Member] | Energy [Member] | Three Point One Three Percent Bp Capital Markets P.L.C. Maturing At 10-March-2012 [Member]

Face value

525,000

Maturity Date

Mar. 10, 2012

Yield1

3.13%

^[1]

Fair Value

532,472

%of Partners' Capital (Net Asset Value)

1.06%

Foreign [Member] | Corporate Notes [Member] | Multi-National [Member] | Zero Point Three Three Percent International Finance Corporation Maturing At 1-August-2013 [Member]

Face value

200,000

Maturity Date

Aug. 01, 2013

Yield1

0.33%

^[1]

Fair Value

200,456

%of Partners' Capital (Net Asset Value)

0.69%

Foreign [Member] | Corporate Notes [Member] | Pharmaceutical [Member] | Zero Point Five One Percent Sanofi Maturing At 28-March-2013 [Member]

Face value

250,000

Maturity Date

Mar. 28, 2013

Yield1

0.51%

^[1]

Fair Value

250,193

%of Partners' Capital (Net Asset Value)

0.86%

Foreign [Member] | Corporate Notes [Member] | Pharmaceutical [Member] | Zero Point Six Two Percent Sanofi Maturing At 28-March-2014 [Member]

Face value

260,000

Maturity Date

Mar. 28, 2014

Yield1

0.62%

^[1]

Fair Value

260,989

%of Partners' Capital (Net Asset Value)

0.89%

Foreign [Member] | Corporate Notes [Member] | Pharmaceutical [Member] | One Point Zero Three Percent Takeda Pharmaceutical Co Ltd Maturing At 17-March-2015 [Member]

Face value

250,000

Maturity Date

Mar. 17, 2015

Yield1

1.03%

^[1]

Fair Value

251,728

%of Partners' Capital (Net Asset Value)

0.86%

Foreign [Member] | Corporate Notes [Member] | Pharmaceutical [Member] | Zero Point Seven Seven Percent Sanofi Maturing At 28-March-2013 [Member]

Face value

250,000

Maturity Date

Mar. 28, 2013

Yield1

0.77%

^[1]

Fair Value

250,259

%of Partners' Capital (Net Asset Value)

0.50%

Foreign [Member] | Corporate Notes [Member] | Pharmaceutical [Member] | Zero Point Eight Eight Percent Sanofi Maturing At 28-March-2014 [Member]

Face value

260,000

Maturity Date

Mar. 28, 2014

Yield1

0.88%

^[1]

Fair Value

259,661

%of Partners' Capital (Net Asset Value)

0.52%

Foreign [Member] | Corporate Notes [Member] | Pharmaceutical [Member] | One Point Zero Seven Percent Teva Pharmaceutical Finance Iii Bv Maturing At 21-March-2014 [Member]

Face value

50,000

Maturity Date

Mar. 21, 2014

Yield1

1.07%

^[1]

Fair Value

49,726

%of Partners' Capital (Net Asset Value)

0.10%

Foreign [Member] | Corporate Notes [Member] | Pharmaceutical [Member] | Zero Point Eight One Percent Teva Pharmaceutical Finance Iii Bv Maturing At 21-March-2014 [Member]

Face value

50,000

Maturity Date

Mar. 21, 2014

Yield1

0.81%

^[1]

Fair Value

50,211

%of Partners' Capital (Net Asset Value)

0.17%

Foreign [Member] | Corporate Notes [Member] | Telecommunications [Member] | Zero Point Seven Nine Percent Vodafone Group Public Limited Company Maturing At 27-February-2012 [Member]

Face value

200,000

Maturity Date

Feb. 27, 2012

Yield1

0.79%

^[1]

Fair Value

$ 200,172

%of Partners' Capital (Net Asset Value)

0.40%

[1]	Represents the annualized yield at date of purchase for discount securities, the stated coupon rate for coupon-bearing securities, or the stated interest rate for certificates of deposit.

- Definition

The aggregate fair value as of the balance sheet date of financial instruments and other positions owned by the entity including: (1) mortgages, mortgage-backed and asset backed securities; (2) US government and agency obligations; (3) state and municipal government obligations; (4) other sovereign government debt; (5) corporate obligations; (6) corporate equities; (7) principal investments; (8) derivative contracts; and (9) physical commodities. Includes both pledged and unpledged holdings.

+ References+ Details

- Definition

This element represents the fair value of the face or notional amount of a contract right or obligation that meets the definition of an asset or liability reported in the financial statements of the entity.

+ References+ Details

SAGE FUND LP 10-K