Instuitional Investor - Windhaven Investment Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Tax Managed Intl Fd		27,601,648	$1,221,373,000	15.67%
2.	Vanguard Intl Equity Index Funds	VWO	20,363,122	$956,659,000	12.27%
3.	Vanguard Index Fds		3,703,738	$502,671,000	6.45%
4.	Ishares Trust	IEF	4,320,200	$488,399,000	6.26%
5.	Vanguard Scottsdale Funds		5,223,349	$443,149,000	5.68%