CUMBERLAND ADVISORS INC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 80
New Positions 26
Increased Positions 48
Decreased Positions 26
Positions with Activity 74
Sold Out Positions 17
Total Mkt Value (in $ millions) 154

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 0.29%
Financial 95.34%
Healthcare
Services
Technology
Transportation
Utilities 0.21%

26 DECREASED Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RYDEX ETF TRUST GUG S&P500 PU VA 7,647 -166 (2.13) 138,175
ISHARES TR NA TEC MULTM ETF 4,398 -38 (0.86) 116,510
ISHARES MSCI THI CAP ETF 4,201 -106 (2.46) 53,970
SPDR S&P 500 ETF TR TR UNIT 3,937 -26 (0.65) 18,890
ISHARES TR MSCI INDONIA ETF 3,289 -151 (4.38) 119,975
ISHARES TR MSCI PHILIPS ETF 3,072 -186 (5.72) 79,620
ISHARES TR MSCI UTD KNGDM 2,506 -470 (15.79) 136,130
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 1,699 -145 (7.85) 6,375
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX -7,003 Sold Out 0
ISHARES MSCI BRZ CAP ETF -2,421 Sold Out 0
ISHARES US OIL EQ&SV ETF -2,996 Sold Out 0
ISHARES US HOME CONS ETF -4,476 Sold Out 0
ISHARES MSCI SPAN CP ETF -2,001 Sold Out 0
ISHARES MSCI GERMANY ETF -2,026 Sold Out 0
ISHARES TR MSCI INDIA ETF (4.49) 83,565
ISHARES TR RUS MID-CAP ETF -12,419 Sold Out 0
ISHARES TR RUS 1000 GRW ETF -13,453 Sold Out 0
ISHARES TR U.S. TELECOM ETF -3,117 Sold Out 0
KINDER MORGAN INC DEL COM -29 Sold Out 0
MARKET VECTORS ETF TR VIETNAM ETF -1,857 Sold Out 0