Windhaven Investment

Windhaven Investment Management as of Sept. 30, 2011

Portfolio Holdings for Windhaven Investment Management

Windhaven Investment Management holds 55 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Total Bond Market ETF (BND) 51.0 $5.8B 9.0M 636.46
Vanguard Total Stock Market ETF (VTI) 7.5 $847M 15M 57.69
iShares Barclays TIPS Bond Fund (TIP) 6.8 $761M 6.7M 114.28
SPDR Gold Trust (GLD) 5.6 $635M 4.0M 157.97
Vanguard REIT ETF (VNQ) 5.3 $600M 12M 50.85
Vanguard Dividend Appreciation ETF (VIG) 4.4 $495M 10M 48.74
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 2.7 $302M 3.0M 100.42
PIMCO 15+ Year U.S. TIPS Index Fund (LTPZ) 2.2 $251M 4.0M 62.72
PowerShares DB Com Indx Trckng Fund 2.2 $250M 9.7M 25.74
iShares Lehman 7-10 Yr Treas. Bond (IEF) 2.2 $244M 2.3M 105.03
Vanguard Europe Pacific ETF (VEA) 1.6 $179M 6.0M 30.12
Wisdomtree Asia Local Debt etf us 1.6 $180M 3.6M 49.40
PowerShares QQQ Trust, Series 1 1.6 $175M 3.3M 52.47
Vanguard Emerging Markets ETF (VWO) 1.5 $167M 4.7M 35.81
iShares Gold Trust 1.4 $161M 10M 15.83
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.1 $130M 1.5M 84.57
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.8 $91M 3.0M 30.32
WisdomTree Dreyfus ETF BZ Real Fnd 0.1 $5.4M 219k 24.42
Wisdomtree Tr em lcl debt (ELD) 0.1 $5.8M 121k 48.11
SPDR Barclays Capital 1-3 Month T- 0.1 $5.2M 113k 45.85
Charles Schwab Corporation (SCHW) 0.0 $4.5M 401k 11.26
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.0 $4.6M 76k 60.11
SPDR DJ International Real Estate ETF (RWX) 0.0 $4.2M 132k 32.05
Wal-Mart Stores (WMT) 0.0 $2.9M 56k 51.89
SPDR S&P China (GXC) 0.0 $2.8M 49k 55.82
SPDR DB Int'l Govt Infl Pro Bond (WIP) 0.0 $2.6M 46k 57.21
United Sts Commodity Index F (USCI) 0.0 $2.6M 44k 58.16
Microsoft Corporation (MSFT) 0.0 $1.3M 51k 24.58
Coca-Cola Company (KO) 0.0 $711k 11k 67.43
Exxon Mobil Corporation (XOM) 0.0 $965k 13k 72.60
Spdr S&p 500 Etf (SPY) 0.0 $1.4M 13k 110.48
SYSCO Corporation (SYY) 0.0 $1.1M 42k 25.89
Intel Corporation (INTC) 0.0 $954k 45k 21.32
Procter & Gamble Company (PG) 0.0 $1.2M 19k 63.04
Sigma-Aldrich Corporation 0.0 $642k 10k 61.73
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $1.5M 15k 103.74
iShares MSCI Germany Index Fund (EWG) 0.0 $1.1M 59k 18.26
PowerShares Intl. Dividend Achiev. 0.0 $1.6M 120k 13.75
WisdomTree Dreyfus Emerging Currency (CEW) 0.0 $1.4M 67k 20.68
PowerShares Hgh Yield Corporate Bnd 0.0 $1.4M 81k 17.55
U.S. Bancorp (USB) 0.0 $260k 11k 23.58
Home Depot (HD) 0.0 $387k 12k 32.88
Johnson & Johnson (JNJ) 0.0 $411k 6.5k 63.52
Walt Disney Company (DIS) 0.0 $394k 13k 30.17
Medco Health Solutions 0.0 $204k 4.4k 46.86
General Electric Company 0.0 $170k 14k 12.32
General Mills (GIS) 0.0 $387k 10k 38.47
Royal Dutch Shell 0.0 $252k 4.1k 61.46
H.J. Heinz Company 0.0 $270k 5.3k 50.48
FX Energy 0.0 $315k 76k 4.12
Spectranetics Corporation 0.0 $321k 45k 7.13
PowerShares DB Gold Fund 0.0 $253k 4.4k 56.92
Vanguard Total World Stock Idx (VT) 0.0 $559k 14k 40.62
PIMCO Broad US TIPS Index Fund (TIPZ) 0.0 $240k 5.6k 43.13
EntreMed 0.0 $41k 27k 1.52