WINDHAVEN INVESTMENT MANAGEMENT, INC. Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 68
New Positions 5
Increased Positions 12
Decreased Positions 56
Positions with Activity 68
Sold Out Positions 24
Total Mkt Value (in $ millions) 13,140

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 97.33%
Healthcare
Services
Technology
Transportation
Utilities

68 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
POWERSHARES QQQ TRUST UNIT SER 1 1,330,518 -188,069 (12.38) 12,470,878
VANGUARD BD INDEX FD INC TOTAL BND MRKT 1,072,067 -48,130 (4.3) 13,180,070
SPDR SERIES TRUST BARC SHT TR CP 740,966 -47,302 (6) 24,230,400
VANGUARD INTL EQUITY INDEX FD GLB EX US ETF 645,117 -46,601 (6.74) 11,705,984
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 635,805 82,042 14.82 16,011,208
VANGUARD INDEX FDS REIT ETF 634,710 -114,275 (15.26) 8,494,516
ISHARES TR 7-10 Y TR BD ETF 620,126 -49,128 (7.34) 5,889,136
VANGUARD INDEX FDS TOTAL STK MKT 604,729 -70,051 (10.38) 5,665,966
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 534,403 -536,897 (50.12) 6,801,618
ISHARES GOLD TRUST ISHARES 507,823 -4,393 (0.86) 44,584,966
ISHARES MSCI JAPAN ETF 475,152 475,152 New 37,266,796
WISDOMTREE TR JAPN HEDGE EQT 466,071 465,563 91,635.66 8,180,986
ISHARES TR HDG MSCI GERMN 443,201 443,201 New 17,000,420
ISHARES MSCI HONG KG ETF 441,890 -33,412 (7.03) 19,789,077
SPDR S&P 500 ETF TR TR UNIT 434,465 -554,328 (56.06) 2,115,009
ISHARES MSCI GERMANY ETF 428,667 -37,454 (8.04) 15,249,640
POWERSHARES ETF TR II S&P500 LOW VOL 383,827 -43,188 (10.11) 10,498,540
ISHARES TR A RATE CP BD ETF 285,424 -22,579 (7.33) 5,645,255
ISHARES TR TIPS BD ETF 281,851 -19,197 (6.38) 2,510,696
ISHARES U S ETF TR COMMOD SEL STG 268,347 268,347 New 6,878,923