Windham Capital Management

Windham Capital Management as of Dec. 31, 2010

Portfolio Holdings for Windham Capital Management

Windham Capital Management holds 71 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Total Stock Market ETF (VTI) 14.8 $18M 282k 64.93
Vanguard Europe Pacific ETF (VEA) 11.7 $14M 400k 36.15
Ipath Dow Jones-aig Commodity (DJP) 5.9 $7.3M 148k 49.12
Vanguard Total Bond Market ETF (BND) 5.0 $6.3M 78k 80.27
Vanguard Emerging Markets ETF (VWO) 4.8 $6.0M 124k 48.15
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 4.4 $5.4M 92k 58.46
iShares Barclays TIPS Bond Fund (TIP) 3.9 $4.8M 45k 107.52
Vanguard REIT ETF (VNQ) 3.7 $4.6M 82k 55.37
Vanguard FTSE All Wld Ex USSml Cap (VSS) 3.5 $4.3M 43k 99.62
Vanguard Small-Cap ETF (VB) 3.4 $4.3M 59k 72.63
iShares S&P Natl AMTFr Mncpl Bd (MUB) 3.2 $4.0M 40k 99.18
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 2.6 $3.2M 134k 23.81
Jp Morgan Alerian Mlp Index (AMJ) 2.4 $3.0M 82k 36.35
SPDR DJ International Real Estate ETF (RWX) 2.3 $2.8M 73k 38.93
Vanguard Growth ETF (VUG) 2.3 $2.8M 46k 61.42
SPDR Nuveen Barclays Capital Municpl Bnd 2.3 $2.8M 130k 21.63
SPDR DB Int'l Govt Infl Pro Bond (WIP) 2.1 $2.6M 45k 58.11
iShares IBoxx $ Invest Grade Corp Bd (LQD) 2.1 $2.6M 24k 108.44
Vanguard Value ETF (VTV) 2.0 $2.5M 47k 53.33
iShares MSCI EAFE Growth Index (EFG) 2.0 $2.4M 40k 61.07
iShares MSCI EAFE Value Index (EFV) 1.9 $2.4M 47k 50.77
Vanguard Mid-Cap ETF (VO) 1.8 $2.2M 30k 74.46
PowerShares Emerging Markets Sovere 1.6 $2.0M 76k 26.67
Vanguard Short-Term Bond ETF (BSV) 1.6 $2.0M 25k 80.46
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 1.5 $1.9M 18k 104.28
SPDR Barclays Capital High Yield B 0.9 $1.1M 28k 39.71
PowerShares DB Com Indx Trckng Fund 0.8 $1.0M 36k 27.55
iShares S&P/Citigroup 1-3 Year Int Trsry (ISHG) 0.8 $945k 9.1k 104.21
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.7 $845k 8.3k 102.27
iShares FTSE EPRA/NAREIT Dev Gl Real ETF (IFGL) 0.6 $785k 25k 31.01
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.6 $753k 7.0k 107.08
iShares Lehman MBS Bond Fund (MBB) 0.4 $512k 4.8k 105.58
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.4 $486k 4.7k 104.10
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.3 $389k 4.1k 93.82
iShares S&P GSCI Commodity-Indexed (GSG) 0.3 $335k 9.8k 34.10
PIMCO 1-5 Year US TIPS Index Fund (STPZ) 0.2 $315k 6.0k 52.58
iShares iBoxx $ High Yid Corp Bond (HYG) 0.2 $285k 3.2k 90.29
Vanguard FTSE All-World ex-US ETF (VEU) 0.2 $288k 6.0k 47.73
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.2 $214k 5.1k 42.21
iShares MSCI United Kingdom Index 0.1 $67k 3.8k 17.37
Financial Select Sector SPDR (XLF) 0.0 $46k 2.9k 15.95
iShares S&P World Ex-US Prop Index (WPS) 0.0 $53k 1.5k 34.25
iShares S&P US Pref Stock Idx Fnd (PFF) 0.0 $41k 1.0k 38.80
iShares MSCI Switzerland Index Fund (EWL) 0.0 $34k 1.3k 25.08
SPDR S&P Emerging Europe 0.0 $40k 808.00 49.55
SPDR Barclays Capital Convertible SecETF (CWB) 0.0 $34k 815.00 41.05
Energy Select Sector SPDR (XLE) 0.0 $25k 370.00 68.25
Utilities SPDR (XLU) 0.0 $27k 875.00 31.34
Alerian Mlp Etf 0.0 $26k 1.6k 16.07
SPDR S&P Emerging Markets Small Cap (EWX) 0.0 $20k 357.00 57.01
SPDR S&P Emerging Middle Est & Afrca ETF 0.0 $25k 312.00 79.59
Hsbc Usa Inc s^p cti etn 23 0.0 $24k 2.9k 8.56
Health Care SPDR (XLV) 0.0 $15k 485.00 31.50
Industrial SPDR (XLI) 0.0 $13k 370.00 34.87
iShares MSCI Hong Kong Index Fund (EWH) 0.0 $15k 806.00 18.92
Materials SPDR (XLB) 0.0 $16k 423.00 38.41
Consumer Staples Select Sect. SPDR (XLP) 0.0 $10k 340.00 29.31
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.0 $18k 294.00 61.92
IPATH MSCI India Index Etn 0.0 $6.2k 80.00 77.66
iShares MSCI Thailand Index Fund (THD) 0.0 $14k 221.00 64.61
Market Vectors Indonesia Index 0.0 $11k 120.00 87.31
SPDR S&P China (GXC) 0.0 $18k 238.00 76.24
iShares MSCI Canada Index (EWC) 0.0 $10k 329.00 31.00
iShares MSCI Singapore Index Fund 0.0 $14k 972.00 13.85
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.0 $8.6k 103.00 83.98
iShares MSCI Australia Index Fund (EWA) 0.0 $8.8k 345.00 25.44
iShares MSCI Netherlands Investable (EWN) 0.0 $15k 691.00 21.09
iShares S&P Global Infrastructure Index (IGF) 0.0 $10k 290.00 35.06
Vanguard Total World Stock Idx (VT) 0.0 $12k 260.00 47.80
Technology SPDR (XLK) 0.0 $5.4k 215.00 25.19
PowerShares DB Agriculture Fund 0.0 $5.6k 173.00 32.35