CUMBERLAND ADVISORS INC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 78
New Positions 16
Increased Positions 45
Decreased Positions 22
Positions with Activity 67
Sold Out Positions 11
Total Mkt Value (in $ millions) 173

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 0.3%
Financial 96.88%
Healthcare
Services
Technology
Transportation
Utilities 0.19%

45 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RYDEX ETF TRUST GUG S&P500 EQ WT 22,508 7,131 46.37 279,530
SELECT SECTOR SPDR TR TECHNOLOGY 15,318 1,722 12.67 370,805
SELECT SECTOR SPDR TR SBI INT-UTILS 14,209 1,623 12.90 322,995
POWERSHARES ETF TRUST DYNAMIC MKT PT 14,021 2,526 21.98 185,580
WISDOMTREE TR EUROPE HEDGED EQ 9,517 884 10.24 144,875
RYDEX ETF TRUST GUG RUSS TOP 50 7,120 1,173 19.72 50,760
SELECT SECTOR SPDR TR SBI CONS DISCR 5,918 2,817 90.87 78,905
SPDR SERIES TRUST S&P HOMEBUILD 5,064 5,064 New 140,830
ISHARES TR NA TEC MULTM ETF 4,985 674 15.64 134,730
DBX ETF TR XTRAK MSCI EAFE 4,530 4,530 New 149,810
SPDR INDEX SHS FDS ASIA PACIF ETF 4,383 4,383 New 50,960
SPDR S&P 500 ETF TR TR UNIT 4,274 387 9.95 20,770
ISHARES TR U.S. FIN SVC ETF 4,064 774 23.54 45,660
WISDOMTREE TR SMALLCAP DIVID 4,040 4,040 New 56,640
WISDOMTREE TR MIDCAP DIVI FD 3,973 3,973 New 46,565
ISHARES TR TRANS AVG ETF 3,669 1,615 78.66 23,440
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 3,366 3,281 3,865.88 83,680
REVENUESHARES ETF TR LARGECAP FD 3,229 544 20.28 78,325
ISHARES MSCI TAIWAN ETF 2,753 2,753 New 174,480
SPDR SERIES TRUST S&P TRANSN ETF 2,467 263 11.92 23,200