CUMBERLAND ADVISORS INC Information

PO BOX 663, VINELAND, New Jersey, 08362-0663, (856) 692-6690

Report Date: 12/31/2013

Position Statistics

Total Positions 42
New Positions 7
Increased Positions 22
Decreased Positions 19
Positions with Activity 41
Sold Out Positions 12
Total Mkt Value (in $ millions) 178

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%
Financial 99.99%
Healthcare
Services
Technology
Transportation
Utilities 0.01%

42 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VANGUARD INDEX FDS REIT ETF -2,915 Sold Out 0
WISDOMTREE TR UK HEDG EQT FD -2,834 Sold Out 0