Windham Capital Management, LLC Buys BTC iShares Cohen & Steers REIT ETF, Vanguard Financials ETF, iShares MSCI South Korea ETF, Sells iShares 7-10 Year Treasury Bond ETF, Vanguard FTSE Emerging Markets ETF

• New Purchases: VFH, EWY, XLI, EEM, SJNK,
• Added Positions: ICF, VHT, VNQ, VPU, SCHR, TLT, VNQI,
• Reduced Positions: VTI, VEA, VGK, SUB, SPSB, VTV, VWO, BWZ, VUG, FLRN, BSV, VTIP, SRLN, VSS, EMLC, BNDX, VDC,
• Sold Out: IEF,

For the details of Windham Capital Management, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/windham+capital+management%2C+llc/current-portfolio/portfolio

1. BTC iShares Core U.S. Aggregate Bond ETF (AGG) - 1,151,235 shares, 29.25% of the total portfolio.
2. Vanguard Total Stock Market ETF (VTI) - 230,164 shares, 9.63% of the total portfolio. Shares reduced by 6.45%
3. BTC iShares Short-Term National Muni Bond ETF (SUB) - 333,180 shares, 7.74% of the total portfolio. Shares reduced by 2.5%
4. BTC iShares Core S&P 500 ETF (IVV) - 91,808 shares, 7.41% of the total portfolio.
5. Vanguard FTSE Developed Markets ETF (VEA) - 429,388 shares, 4.36% of the total portfolio. Shares reduced by 12.22%

Windham Capital Management, LLC initiated holding in Vanguard Financials ETF. The purchase prices were between $58.32 and $72.85, with an estimated average price of $66.29. The stock is now traded at around $77.890000. The impact to a portfolio due to this purchase was 0.06%. The holding were 3,849 shares as of 2020-12-31.

Windham Capital Management, LLC initiated holding in SSgA Industrial Select Sector SPDR. The purchase prices were between $74.87 and $89.65, with an estimated average price of $84.5. The stock is now traded at around $89.980000. The impact to a portfolio due to this purchase was 0.05%. The holding were 2,500 shares as of 2020-12-31.

Windham Capital Management, LLC initiated holding in iShares MSCI South Korea ETF. The purchase prices were between $64.4 and $86.15, with an estimated average price of $73.71. The stock is now traded at around $92.310000. The impact to a portfolio due to this purchase was 0.05%. The holding were 2,699 shares as of 2020-12-31.

Windham Capital Management, LLC initiated holding in BTC iShares MSCI Emerging Markets ETF. The purchase prices were between $43.54 and $51.7, with an estimated average price of $47.75. The stock is now traded at around $56.940000. The impact to a portfolio due to this purchase was 0.04%. The holding were 4,000 shares as of 2020-12-31.

Windham Capital Management, LLC initiated holding in SPDR Bloomberg Barclays Short Term High Yield Bond. The purchase prices were between $25.77 and $26.95, with an estimated average price of $26.41. The stock is now traded at around $27.160000. The impact to a portfolio due to this purchase was 0.04%. The holding were 7,738 shares as of 2020-12-31.

Windham Capital Management, LLC added to a holding in BTC iShares Cohen & Steers REIT ETF by 100.00%. The purchase prices were between $48.78 and $55.11, with an estimated average price of $52.65. The stock is now traded at around $55.870000. The impact to a portfolio due to this purchase was 0.24%. The holding were 41,000 shares as of 2020-12-31.

Windham Capital Management, LLC sold out a holding in iShares 7-10 Year Treasury Bond ETF. The sale prices were between $119.04 and $121.38, with an estimated average price of $120.07.