CUMBERLAND ADVISORS INC Information

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

Report Date: 03/31/2016

Position Statistics

Total Positions 61
New Positions 7
Increased Positions 28
Decreased Positions 18
Positions with Activity 46
Sold Out Positions 11
Total Mkt Value (in $ millions) 157

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 0.08%
Financial 97.66%
Healthcare
Services
Technology
Transportation
Utilities 0.06%

18 DECREASED Positions as of 03/31/2016

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
WISDOMTREE TR JAPN HEDGE EQT 7,441 -3 (0.04) 178,049
WISDOMTREE TR EUROPE HEDGED EQ 4,523 -3,093 (40.61) 86,063
ISHARES MSCI JAPAN ETF 1,484 -21 (1.38) 127,640
VANGUARD WORLD FDS CONSUM DIS ETF 1,201 -163 (11.97) 9,560
SELECT SECTOR SPDR TR SBI HEALTHCARE 599 -84 (12.24) 8,530
VANGUARD INTL EQUITY INDEX FD FTSE PACIFIC ETF 468 -4,898 (91.29) 8,295
ISHARES TR HDG MSCI GERMN 28 -3,045 (99.08) 1,210
DBX ETF TR XTRAK MSCI EAFE -5,223 Sold Out 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN -9 Sold Out 0
ISHARES MSCI HONG KG ETF -2,305 Sold Out 0
ISHARES BELGIUM CAPD ETF -3,116 Sold Out 0
ISHARES TR US BR DEL SE ETF -912 Sold Out 0
ISHARES TR U.S. FIN SVC ETF -1,356 Sold Out 0
RYDEX ETF TRUST GUG S&P500 PU GR -9,803 Sold Out 0
SELECT SECTOR SPDR TR SBI INT-ENERGY -1,845 Sold Out 0
SPDR INDEX SHS FDS DJ INTL RL ETF -2,993 Sold Out 0
VANECK VECTORS ETF TR GOLD MINERS ETF -5,325 Sold Out 0
VANGUARD INDEX FDS SMALL CP ETF -1,330 Sold Out 0