Windhaven Investment

Windhaven Investment Management as of Dec. 31, 2014

Portfolio Holdings for Windhaven Investment Management

Windhaven Investment Management holds 64 positions in its portfolio as reported in the December 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
PowerShares QQQ Trust, Series 1 10.2 $1.5B 14M 103.25
Vanguard Total Bond Market ETF (BND) 7.9 $1.1B 14M 82.37
Vanguard Dividend Appreciation ETF (VIG) 7.7 $1.1B 14M 81.16
Spdr S&p 500 Etf (SPY) 6.9 $989M 4.8M 205.54
Vanguard REIT ETF (VNQ) 5.6 $812M 10M 81.00
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 5.5 $788M 26M 30.58
iShares Lehman 7-10 Yr Treas. Bond (IEF) 4.7 $674M 6.4M 105.99
Vanguard Intl Equity Index F glb ex us etf (VNQI) 4.7 $672M 13M 53.52
Vanguard Total Stock Market ETF (VTI) 4.7 $670M 6.3M 106.00
PowerShares DB Com Indx Trckng Fund 4.2 $612M 33M 18.45
Vanguard Europe Pacific ETF (VEA) 3.7 $528M 14M 37.88
iShares Gold Trust 3.6 $515M 45M 11.44
iShares Russell 2000 Index (IWM) 3.4 $485M 4.1M 119.62
iShares MSCI Germany Index Fund (EWG) 3.1 $455M 17M 27.41
Powershares Etf Tr Ii s^p500 low vol 3.1 $443M 12M 37.96
iShares MSCI Hong Kong Index Fund (EWH) 3.0 $437M 21M 20.54
Ishares Tr aaa a rated cp (QLTA) 2.2 $315M 6.1M 51.78
Pimco Etf Tr 0-5 high yield (HYS) 2.1 $303M 3.0M 100.83
iShares Barclays TIPS Bond Fund (TIP) 2.1 $300M 2.7M 112.01
Ishares Inc msci india index (INDA) 2.0 $283M 944k 299.54
Vanguard Emerging Markets ETF (VWO) 1.5 $217M 5.4M 40.02
Wisdomtree Asia Local Debt etf us 1.4 $199M 4.2M 46.93
WisdomTree India Earnings Fund (EPI) 1.3 $186M 8.4M 22.05
Ega Emerging Global Shs Tr emrg gl dj 1.2 $172M 6.8M 25.34
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 0.8 $117M 1.2M 101.06
Global X Fds glb x nxt emrg 0.7 $104M 4.4M 23.35
Ishares Tr fltg rate nt (FLOT) 0.6 $93M 1.8M 50.54
Vanguard Charlotte Fds intl bd idx etf (BNDX) 0.6 $93M 1.7M 53.11
Ega Emerging Global Shs Tr egshr bynd brc 0.6 $83M 4.2M 19.77
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.5 $70M 824k 84.45
Ishares Tr eafe min volat (EFAV) 0.3 $47M 762k 61.70
SPDR Gold Trust (GLD) 0.1 $18M 155k 113.58
iShares S&P GSCI Commodity-Indexed (GSG) 0.0 $4.4M 205k 21.58
iShares FTSE EPRA/NAREIT Dev Gl Real ETF (IFGL) 0.0 $4.3M 144k 30.04
SPDR S&P China (GXC) 0.0 $2.3M 29k 79.63
Wisdomtree Tr em lcl debt (ELD) 0.0 $2.4M 58k 41.60
PowerShares DB Gold Fund 0.0 $2.8M 72k 39.15
Vanguard Whitehall Fds Inc emerg mkt bd etf (VWOB) 0.0 $2.2M 28k 76.35
Ishares msci uk 0.0 $2.8M 154k 18.03
Health Care SPDR (XLV) 0.0 $908k 13k 68.36
Consumer Discretionary SPDR (XLY) 0.0 $824k 11k 72.17
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.0 $784k 7.5k 105.23
iShares MSCI Singapore Index Fund 0.0 $2.0M 155k 13.08
Vanguard Information Technology ETF (VGT) 0.0 $1.3M 12k 104.45
Vanguard Energy ETF (VDE) 0.0 $758k 6.8k 111.68
Vanguard Industrials ETF (VIS) 0.0 $1.2M 11k 106.85
iShares MSCI Emerging Markets Indx (EEM) 0.0 $501k 13k 39.30
Vanguard Intermediate-Term Bond ETF (BIV) 0.0 $420k 5.0k 84.68
Vanguard Short-Term Bond ETF (BSV) 0.0 $370k 4.6k 79.88
iShares NASDAQ Biotechnology Index (IBB) 0.0 $225k 742.00 303.23
iShares MSCI EMU Index (EZU) 0.0 $453k 13k 36.33
iShares Lehman Aggregate Bond (AGG) 0.0 $449k 4.1k 110.13
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $207k 1.7k 119.65
Financial Select Sector SPDR (XLF) 0.0 $499k 20k 24.75
iShares Lehman MBS Bond Fund (MBB) 0.0 $490k 4.5k 109.23
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.0 $615k 11k 55.32
SPDR DB Int'l Govt Infl Pro Bond (WIP) 0.0 $532k 9.4k 56.90
Vanguard Materials ETF (VAW) 0.0 $203k 1.9k 107.29
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $329k 3.0k 109.63
PowerShares Intl. Dividend Achiev. 0.0 $482k 28k 17.51
Vanguard Consumer Staples ETF (VDC) 0.0 $542k 4.3k 125.26
WisdomTree Japan Total Dividend (DXJ) 0.0 $439k 8.9k 49.23
Spdr Short-term High Yield mf (SJNK) 0.0 $466k 16k 28.89
Ishares Inc core msci emkt (IEMG) 0.0 $260k 5.5k 47.00