Windhaven Investment

Windhaven Investment Management as of March 31, 2011

Portfolio Holdings for Windhaven Investment Management

Windhaven Investment Management holds 90 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Total Stock Market ETF (VTI) 13.1 $655M 9.5M 68.71
Vanguard REIT ETF (VNQ) 9.5 $472M 8.1M 58.47
Vanguard Total Bond Market ETF (BND) 8.6 $428M 5.3M 80.02
SPDR Gold Trust (GLD) 7.4 $368M 2.6M 139.86
Vanguard Dividend Appreciation ETF (VIG) 6.9 $346M 6.2M 55.51
PowerShares QQQ Trust, Series 1 6.5 $324M 5.6M 57.43
iShares Barclays TIPS Bond Fund (TIP) 4.9 $245M 2.2M 109.16
PIMCO 15+ Year U.S. TIPS Index Fund (LTPZ) 4.0 $201M 3.7M 54.42
PowerShares DB Com Indx Trckng Fund 4.0 $200M 6.5M 30.51
PIMCO Enhanced Short Mat Str Fund ETF (MINT) 3.8 $192M 1.9M 100.93
iShares MSCI Hong Kong Index Fund (EWH) 3.8 $190M 10M 18.93
iShares MSCI South Korea Index Fund (EWY) 3.8 $188M 2.9M 64.35
Spdr S&p 500 Etf (SPY) 3.4 $168M 1.3M 132.59
iShares MSCI Germany Index Fund (EWG) 3.3 $163M 6.3M 25.95
Vanguard FTSE All-World ex-US ETF (VEU) 3.2 $159M 3.2M 49.32
First Trust BICK Index Fund ETF 2.7 $134M 4.0M 33.56
Wisdomtree Tr em lcl debt (ELD) 2.6 $129M 2.5M 51.91
SPDR S&P Emerging Markets Small Cap (EWX) 2.3 $114M 2.1M 53.86
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.6 $82M 981k 83.75
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 1.6 $82M 2.7M 30.33
iShares Gold Trust 0.9 $46M 3.2M 14.02
Vanguard Emerging Markets ETF (VWO) 0.4 $19M 384k 48.95
SPDR Barclays Capital 1-3 Month T- 0.2 $8.7M 190k 45.85
Charles Schwab Corporation (SCHW) 0.1 $7.3M 406k 18.03
SPDR DB Int'l Govt Infl Pro Bond (WIP) 0.1 $5.1M 84k 60.45
WisdomTree Dreyfus ETF BZ Real Fnd 0.1 $3.9M 143k 27.59
Exxon Mobil Corporation (XOM) 0.1 $3.4M 40k 84.13
Financial Engines 0.1 $3.6M 130k 27.56
Wal-Mart Stores (WMT) 0.1 $2.9M 56k 52.04
Procter & Gamble Company (PG) 0.1 $3.2M 52k 61.59
SPDR DJ International Real Estate ETF (RWX) 0.1 $3.0M 76k 39.02
Wisdomtree Trust indian rup etf 0.1 $3.0M 113k 27.04
WisdomTree Dreyfus Emerging Currency (CEW) 0.1 $2.4M 105k 22.88
Vertex Pharmaceuticals Incorporated (VRTX) 0.0 $2.1M 45k 47.93
WisdomTree India Earnings Fund (EPI) 0.0 $1.8M 72k 24.79
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.0 $1.9M 32k 59.84
PowerShares Intl. Dividend Achiev. 0.0 $2.0M 127k 16.19
Microsoft Corporation (MSFT) 0.0 $1.4M 55k 25.39
SYSCO Corporation (SYY) 0.0 $1.3M 48k 27.69
Anadarko Petroleum Corporation 0.0 $1.6M 20k 81.92
iShares Russell 2000 Index (IWM) 0.0 $1.7M 21k 84.19
iShares MSCI United Kingdom Index 0.0 $1.5M 85k 17.92
PowerShares Hgh Yield Corporate Bnd 0.0 $1.5M 81k 18.52
General Electric Company 0.0 $1.0M 52k 20.06
Intel Corporation (INTC) 0.0 $1.0M 52k 20.18
iShares Lehman Aggregate Bond (AGG) 0.0 $1.0M 9.7k 105.18
Vanguard Total World Stock Idx (VT) 0.0 $772k 16k 49.85
iShares FTSE/Xinhua China 25 Index (FXI) 0.0 $402k 9.0k 44.88
iShares MSCI Emerging Markets Indx (EEM) 0.0 $392k 8.1k 48.62
U.S. Bancorp (USB) 0.0 $354k 13k 26.41
Berkshire Hathaway Inc. Class B 0.0 $473k 5.7k 83.57
Coca-Cola Company (KO) 0.0 $699k 11k 66.34
Home Depot (HD) 0.0 $451k 12k 37.06
Johnson & Johnson (JNJ) 0.0 $682k 12k 59.26
Teva Pharmaceutical Industries (TEVA) 0.0 $483k 9.6k 50.21
Walt Disney Company (DIS) 0.0 $565k 13k 43.08
Chevron Corporation (CVX) 0.0 $587k 5.5k 107.43
Medco Health Solutions 0.0 $524k 9.3k 56.20
3M Company (MMM) 0.0 $275k 2.9k 93.38
Apple (AAPL) 0.0 $627k 1.8k 348.33
General Mills (GIS) 0.0 $474k 13k 36.59
International Business Machines (IBM) 0.0 $482k 3.0k 162.95
Royal Dutch Shell 0.0 $454k 6.2k 72.83
Sigma-Aldrich Corporation 0.0 $665k 10k 63.69
Ford Motor Company (F) 0.0 $273k 18k 14.93
Oracle Corporation (ORCL) 0.0 $379k 11k 33.44
Precision Castparts 0.0 $609k 4.1k 147.10
Investment Technology 0.0 $364k 20k 18.20
H.J. Heinz Company 0.0 $262k 5.4k 48.75
Eaton Vance 0.0 $587k 18k 32.25
iShares Russell 1000 Index (IWB) 0.0 $491k 7.1k 68.73
FX Energy 0.0 $638k 76k 8.35
St. Jude Medical 0.0 $652k 13k 51.26
Novell 0.0 $654k 110k 5.93
Manulife Finl Corp (MFC) 0.0 $542k 31k 17.68
Spectranetics Corporation 0.0 $283k 60k 4.72
iShares S&P SmallCap 600 Index (IJR) 0.0 $263k 3.6k 73.55
iShares Russell Midcap Growth Idx. (IWP) 0.0 $524k 8.6k 60.96
SPDR S&P Dividend (SDY) 0.0 $438k 8.1k 54.15
Vanguard Extended Market ETF (VXF) 0.0 $525k 8.9k 58.96
Amgen (AMGN) 0.0 $205k 3.8k 53.55
Merck & Co (MRK) 0.0 $230k 7.0k 33.06
Pepsi (PEP) 0.0 $215k 3.3k 64.39
Royal Dutch Shell 0.0 $213k 2.9k 73.07
Vodafone 0.0 $233k 8.1k 28.72
Bce (BCE) 0.0 $201k 5.5k 36.43
Sapient Corporation 0.0 $229k 20k 11.45
Express Scripts 0.0 $220k 4.0k 55.68
Kinder Morgan Energy Partners 0.0 $219k 3.0k 73.99
PowerShares Dividend Achievers 0.0 $222k 15k 14.78