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) 13,172

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 97.53%
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 1,385,889 -195,895 (12.38) 12,470,878
VANGUARD BD INDEX FD INC TOTAL BND MRKT 1,075,098 -48,266 (4.3) 13,180,070
SPDR SERIES TRUST BARC SHT TR CP 740,966 -47,302 (6) 24,230,400
VANGUARD INDEX FDS REIT ETF 664,781 -119,689 (15.26) 8,494,516
VANGUARD INTL EQUITY INDEX FD GLB EX US ETF 642,190 -46,389 (6.74) 11,705,984
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 639,167 82,476 14.82 16,011,208
ISHARES TR 7-10 Y TR BD ETF 623,365 -49,385 (7.34) 5,889,136
VANGUARD INDEX FDS TOTAL STK MKT 612,604 -70,963 (10.38) 5,665,966
VANGUARD SPECIALIZED PORTFOLIO DIV APP ETF 540,797 -543,320 (50.12) 6,801,618
ISHARES MSCI JAPAN ETF 475,524 475,524 New 37,266,796
ISHARES GOLD TRUST ISHARES 471,709 -4,081 (0.86) 44,584,966
WISDOMTREE TR JAPN HEDGE EQT 462,144 461,640 91,635.66 8,180,986
ISHARES TR HDG MSCI GERMN 445,241 445,241 New 17,000,420
SPDR S&P 500 ETF TR TR UNIT 442,735 -564,879 (56.06) 2,115,009
ISHARES MSCI HONG KG ETF 437,141 -33,053 (7.03) 19,789,077
ISHARES MSCI GERMANY ETF 430,650 -37,627 (8.04) 15,249,640
POWERSHARES ETF TR II S&P500 LOW VOL 396,215 -44,582 (10.11) 10,498,540
ISHARES TR A RATE CP BD ETF 287,569 -22,749 (7.33) 5,645,255
ISHARES TR TIPS BD ETF 281,349 -19,163 (6.38) 2,510,696
ISHARES TR 20+ YR TR BD ETF 258,115 258,115 New 2,130,543