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) 192

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 0.32%
Financial 96.18%
Healthcare
Services
Technology
Transportation
Utilities 0.16%

41 INCREASED Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RYDEX ETF TRUST GUG S&P500 EQ WT 23,718 737 3.21 288,500
SELECT SECTOR SPDR TR TECHNOLOGY 16,414 432 2.70 380,825
WISDOMTREE TR MIDCAP DIVI FD 13,139 9,161 230.28 153,795
WISDOMTREE TR EUROPE HEDGED EQ 12,323 2,884 30.56 189,145
WISDOMTREE TR JAPN HEDGE EQT 10,405 436 4.37 180,705
REVENUESHARES ETF TR LARGECAP FD 8,382 5,110 156.20 200,665
ISHARES TR U.S. FIN SVC ETF 6,916 2,738 65.55 75,590
VANGUARD INDEX FDS MID CAP ETF 6,760 6,760 New 52,100
DBX ETF TR XTRAK MSCI EAFE 6,400 1,813 39.52 209,020
SELECT SECTOR SPDR TR SBI CONS DISCR 6,094 69 1.15 79,815
SPDR INDEX SHS FDS ASIA PACIF ETF 5,499 703 14.66 58,430
SPDR SERIES TRUST S&P HOMEBUILD 4,990 26 .52 141,560
ISHARES U.S. BR-DEAL ETF 4,915 4,774 3,380.06 115,190
SPDR SERIES TRUST S&P INS ETF 4,466 4,466 New 66,180
ISHARES TR TRANS AVG ETF 4,326 657 17.92 27,640
ISHARES TR HDG MSCI GERMN 3,777 3,777 New 137,440
SPDR INDEX SHS FDS S&P CHINA ETF 3,737 3,737 New 38,110
ISHARES MSCI TAIWAN ETF 3,161 268 9.27 190,650
POWERSHARES ETF TR II KBW BK PORT 2,991 2,991 New 78,640
ISHARES TR MSCI PHILIPS ETF 1,919 122 6.77 47,620