Tanglewood Wealth Management

Tanglewood Wealth Management as of Dec. 31, 2011

Portfolio Holdings for Tanglewood Wealth Management

Tanglewood Wealth Management holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing

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FORM 13F INFORMATION TABLE

    COLUMN 1                      COLUMN 2   COLUMN 3     COLUMN 4     COLUMN 5         COLUMN 6     COLUMN 7     COLUMN 8
                                  TITLE OF                  VALUE     SHRS OR SH/ PUT/  INVESTMENT    OTHER   VOTING AUTHORITY
NAME OF ISSUER                     CLASS      CUSIP      (X$1000)     PRN AMT PRN CALL  DISCRETION   MANAGERS  SOLE  SHARED NONE
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ISHARES BARCLYS10-20YR TREAS BD ETF  TLH     464288653    6046.19   45484SH                SOLE                45484
ISHARES BARCLYS3-7YR TREAS BD ETF    IEI     464288661   24854.18  203656SH                SOLE               203656
ISHARES BARCLYS7-10YR TREAS ETF      IEF     464287440    5434.64   51479SH                SOLE                51479
SPDR GOLD SHARES ETF                 GLD     78463V107   36173.01  237996SH                SOLE               237996
ISHARES RUSSELL 3000IDX              IWV     464287689   21494.10  289756SH                SOLE               289756
VANGUARD REIT ETF                    VNO     922908553   20265.03  349397SH                SOLE               349397
VANGUARD FTSE ALL WORLD EX US ETF    VEU     922042775   29582.31  746086SH                SOLE               746086


TOTAL                                                $143849.45 $(x1000)