CUMBERLAND ADVISORS INC Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 76
New Positions 9
Increased Positions 41
Decreased Positions 19
Positions with Activity 60
Sold Out Positions 13
Total Mkt Value (in $ millions) 188

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 96.33%
Healthcare
Services
Technology
Transportation
Utilities 0.14%

19 DECREASED Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SELECT SECTOR SPDR TR SBI INT-UTILS 13,450 -190 (1.39) 318,495
ISHARES TR NA TEC MULTM ETF 4,999 -130 (2.53) 131,320
SPDR S&P 500 ETF TR TR UNIT 3,491 -815 (18.92) 16,840
ISHARES BELGIUM CAPD ETF 2,114 -3 (0.14) 120,870
ISHARES MSCI THI CAP ETF 1,894 -1,298 (40.67) 25,560
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 1,502 -426 (22.09) 5,485
CLAYMORE EXCHANGE TRD FD TR 2 GUGG CHN SML CAP -1,712 Sold Out 0
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN -31 Sold Out 0
ISHARES TR MSCI UTD KNGDM -1,936 Sold Out 0
ISHARES TR CORE S&P500 ETF -534 Sold Out 0
MARKET VECTORS ETF TR JR GOLD MINERS E -1,084 Sold Out 0
MARKET VECTORS ETF TR GOLD MINER ETF -2,140 Sold Out 0
POWERSHARES ETF TRUST DYNAMIC MKT PT -14,132 Sold Out 0
RYDEX ETF TRUST GUG S&P500 PU VA -1,113 Sold Out 0
RYDEX ETF TRUST GUG RUSS TOP 50 -7,231 Sold Out 0
SELECT SECTOR SPDR TR SBI HEALTHCARE -403 Sold Out 0
SPDR SERIES TRUST S&P METALS MNG -1,671 Sold Out 0
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF -3,437 Sold Out 0
WISDOMTREE TR SMALLCAP DIVID -3,983 Sold Out 0