CUMBERLAND ADVISORS INC Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 60
New Positions 25
Increased Positions 38
Decreased Positions 21
Positions with Activity 59
Sold Out Positions 6
Total Mkt Value (in $ millions) 152

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 0.18%
Financial 96.01%
Healthcare
Services
Technology
Transportation
Utilities 0.18%

38 INCREASED Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
POWERSHARES ETF TRUST DYNAMIC MKT PT 10,673 1,797 20.25 147,048
SELECT SECTOR SPDR TR SBI INT-UTILS 10,510 2,053 24.28 248,935
WISDOMTREE TR EUROPE HEDGED EQ 6,919 6,919 New 118,310
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 6,799 77 1.15 112,160
WISDOMTREE TR EUROPE SMCP DV 5,612 191 3.52 102,750
SELECT SECTOR SPDR TR TECHNOLOGY 4,913 2,720 123.99 122,610
ISHARES MSCI THI CAP ETF 4,669 4,669 New 55,330
ISHARES US HOME CONS ETF 4,089 330 8.77 175,950
SELECT SECTOR SPDR TR SBI INT-ENERGY 4,066 24 .59 44,000
ISHARES US OIL EQ&SV ETF 4,002 5 .14 59,110
ISHARES TR MSCI INDONIA ETF 3,515 2,230 173.55 125,475
ISHARES MSCI BRZ CAP ETF 3,085 3,085 New 66,340
WISDOMTREE TR INTL DIV EX FINL 3,036 3,036 New 63,310
ISHARES INC CORE MSCI EMKT 2,696 2,696 New 52,310
MARKET VECTORS ETF TR VIETNAM ETF 2,235 623 38.65 100,269
SPDR SERIES TRUST S&P METALS MNG 1,862 1,862 New 47,920
MARKET VECTORS ETF TR GOLD MINER ETF 1,701 1,701 New 76,680
MARKET VECTORS ETF TR OIL SVCS ETF 1,029 59 6.04 20,360
ENTERPRISE PRODS PARTNERS L P COM 50 28 127.27 1,250
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN 45 23 105.26 780