Windhaven Investment

Windhaven Investment Management as of Dec. 31, 2011

Portfolio Holdings for Windhaven Investment Management

Windhaven Investment Management holds 39 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Total Stock Market ETF (VTI) 13.4 $1.2B 18M 64.28
iShares Barclays TIPS Bond Fund (TIP) 10.5 $901M 7.7M 116.66
Vanguard Total Bond Market ETF (BND) 9.8 $841M 10M 83.53
Vanguard REIT ETF (VNQ) 7.1 $611M 11M 57.98
Vanguard Dividend Appreciation ETF (VIG) 6.9 $592M 11M 54.63
SPDR Gold Trust (GLD) 6.2 $535M 3.5M 151.94
iShares MSCI Hong Kong Index Fund (EWH) 5.9 $510M 33M 15.47
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 4.1 $351M 3.5M 100.14
PowerShares QQQ Trust, Series 1 3.7 $315M 5.6M 55.80
PowerShares DB Com Indx Trckng Fund 3.6 $308M 12M 26.83
CurrencyShares Japanese Yen Trust 3.5 $304M 2.4M 127.89
iShares Lehman 7-10 Yr Treas. Bond (IEF) 3.0 $260M 2.5M 105.54
PIMCO 15+ Year U.S. TIPS Index Fund (LTPZ) 3.0 $258M 4.0M 65.23
iShares Gold Trust 2.9 $251M 17M 15.23
PowerShares DB Gold Fund 2.8 $240M 5.4k 44143.44
Vanguard Emerging Markets ETF (VWO) 2.7 $230M 6.0M 38.19
Vanguard Europe Pacific ETF (VEA) 2.6 $225M 7.3M 30.62
iShares IBoxx $ Invest Grade Corp Bd (LQD) 2.4 $207M 1.8M 113.72
Wisdomtree Asia Local Debt etf us 2.4 $204M 4.1M 50.07
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.8 $150M 1.8M 84.37
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 1.2 $105M 3.5M 30.11
SPDR DB Int'l Govt Infl Pro Bond (WIP) 0.1 $5.7M 100k 56.74
Wisdomtree Tr em lcl debt (ELD) 0.1 $5.0M 103k 48.64
Charles Schwab Corporation (SCHW) 0.1 $4.5M 401k 11.25
SPDR DJ International Real Estate ETF (RWX) 0.1 $3.9M 123k 31.82
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.0 $3.4M 58k 58.79
Spdr S&p 500 Etf (SPY) 0.0 $2.2M 17k 125.52
WisdomTree Dreyfus ETF BZ Real Fnd 0.0 $2.8M 144k 19.47
iShares MSCI Emerging Markets Indx (EEM) 0.0 $1.7M 48k 35.99
iShares MSCI EAFE Index Fund (EFA) 0.0 $1.8M 39k 46.98
SPDR S&P China (GXC) 0.0 $1.4M 22k 62.26
PowerShares Intl. Dividend Achiev. 0.0 $1.4M 96k 14.57
PowerShares Hgh Yield Corporate Bnd 0.0 $2.0M 109k 18.47
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $1.1M 10k 106.56
SPDR Barclays Capital 1-3 Month T- 0.0 $467k 13k 36.06
Vanguard Total World Stock Idx (VT) 0.0 $588k 14k 43.17
iShares Dow Jones US Technology (IYW) 0.0 $384k 6.0k 63.85
PIMCO Broad US TIPS Index Fund (TIPZ) 0.0 $262k 4.5k 58.25
Ishares ipth jpy/usd etn 0.0 $361k 4.7k 76.29