WINDHAVEN INVESTMENT MANAGEMENT, INC. Information

ONE INTERNATIONAL PLACE, BOSTON, Massachusetts, 02110, (617) 960-5300

Report Date: 06/30/2015

Position Statistics

Total Positions 46
New Positions 2
Increased Positions 7
Decreased Positions 39
Positions with Activity 46
Sold Out Positions 5
Total Mkt Value (in $ millions) 12,163

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy
Financial 97.48%
Healthcare
Services
Technology
Transportation
Utilities

46 Positions as of 06/30/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
POWERSHARES QQQ TRUST UNIT SER 1 1,203,444 -97,393 (7.49) 11,537,190
VANGUARD BD INDEX FD INC TOTAL BND MRKT 1,025,430 -47,955 (4.47) 12,591,231
SPDR SERIES TRUST BARC SHT TR CP 703,230 -35,070 (4.75) 23,079,418
ISHARES TR 7-10 Y TR BD ETF 596,868 -29,501 (4.71) 5,611,771
VANGUARD INTL EQUITY INDEX FD GLB EX US ETF 570,802 -26,203 (4.39) 11,192,195
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 563,192 -34,346 (5.75) 15,090,890
VANGUARD INDEX FDS TOTAL STK MKT 542,374 -36,744 (6.35) 5,306,468
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 492,256 -21,742 (4.23) 6,513,907
ISHARES GOLD TRUST ISHARES 482,470 -7,073 (1.45) 43,940,840
ISHARES MSCI JAPAN ETF 400,714 -50,959 (11.28) 33,062,224
SPDR S&P 500 ETF TR TR UNIT 399,461 -18,613 (4.45) 2,020,846
WISDOMTREE TR JAPN HEDGE EQT 392,657 -34,881 (8.16) 7,513,530
ISHARES TR HDG MSCI GERMN 387,240 -21,281 (5.21) 16,114,836
ISHARES MSCI GERMANY ETF 383,154 -18,522 (4.61) 14,546,451
ISHARES TR MSCI UTD KNGDM 373,155 370,850 16,083.97 21,873,117
POWERSHARES ETF TR II S&P500 LOW VOL 363,546 -16,081 (4.24) 10,053,827
ISHARES MSCI HONG KG ETF 360,600 -20,933 (5.49) 18,703,335
ISHARES TR CHINA LG-CAP ETF 312,805 312,805 New 8,710,800
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 308,110 134,789 77.77 8,920,391
ISHARES TR A RATE CP BD ETF 276,571 -10,095 (3.52) 5,446,454