CUMBERLAND ADVISORS INC Information

2 N. TAMIAMI TR, SARASOTA, Florida, 34236, (800) 257-7013

Report Date: 12/31/2014

Position Statistics

Total Positions 78
New Positions 16
Increased Positions 45
Decreased Positions 22
Positions with Activity 67
Sold Out Positions 11
Total Mkt Value (in $ millions) 173

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 0.3%
Financial 96.88%
Healthcare
Services
Technology
Transportation
Utilities 0.19%

67 Activity Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RYDEX ETF TRUST GUG S&P500 EQ WT 22,547 7,143 46.37 279,530
SELECT SECTOR SPDR TR TECHNOLOGY 15,340 1,725 12.67 370,805
SELECT SECTOR SPDR TR SBI INT-UTILS 14,173 1,619 12.90 322,995
POWERSHARES ETF TRUST DYNAMIC MKT PT 14,021 2,526 21.98 185,580
WISDOMTREE TR JAPN HEDGE EQT 9,607 -409 (4.09) 173,135
WISDOMTREE TR EUROPE HEDGED EQ 9,550 887 10.24 144,875
RYDEX ETF TRUST GUG RUSS TOP 50 7,107 1,170 19.72 50,760
SELECT SECTOR SPDR TR SBI CONS DISCR 5,911 2,814 90.87 78,905
SPDR SERIES TRUST S&P HOMEBUILD 5,098 5,098 New 140,830
ISHARES TR NA TEC MULTM ETF 5,013 678 15.64 134,730
DBX ETF TR XTRAK MSCI EAFE 4,514 4,514 New 149,810
SPDR INDEX SHS FDS ASIA PACIF ETF 4,401 4,401 New 50,960
SPDR S&P 500 ETF TR TR UNIT 4,273 387 9.95 20,770
ISHARES TR U.S. FIN SVC ETF 4,048 771 23.54 45,660
WISDOMTREE TR SMALLCAP DIVID 4,046 4,046 New 56,640
WISDOMTREE TR MIDCAP DIVI FD 3,972 3,972 New 46,565
ISHARES TR TRANS AVG ETF 3,657 1,610 78.66 23,440
ISHARES MSCI THI CAP ETF 3,387 -856 (20.18) 43,080
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 3,354 3,269 3,865.88 83,680
REVENUESHARES ETF TR LARGECAP FD 3,222 543 20.28 78,325