CUMBERLAND ADVISORS INC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 80
New Positions 26
Increased Positions 48
Decreased Positions 26
Positions with Activity 74
Sold Out Positions 17
Total Mkt Value (in $ millions) 147

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 0.34%
Financial 94.95%
Healthcare
Services
Technology
Transportation
Utilities 0.24%

80 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
ISHARES TR RUS 1000 GRW ETF -12,610 Sold Out 0
ISHARES TR RUS MID-CAP ETF -11,612 Sold Out 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX -6,616 Sold Out 0
WISDOMTREE TR EUROPE SMCP DV -5,251 Sold Out 0
ISHARES US HOME CONS ETF -4,221 Sold Out 0
SELECT SECTOR SPDR TR SBI INT-ENERGY -3,780 Sold Out 0
ISHARES US OIL EQ&SV ETF -3,595 Sold Out 0
ISHARES TR U.S. TELECOM ETF -3,050 Sold Out 0
ISHARES MSCI BRZ CAP ETF -2,643 Sold Out 0
POWERSHARES ETF TR II S&P SMCP IT PO -2,160 Sold Out 0
MARKET VECTORS ETF TR VIETNAM ETF -2,119 Sold Out 0
ISHARES MSCI SPAN CP ETF -2,073 Sold Out 0
ISHARES MSCI GERMANY ETF -1,909 Sold Out 0
SPDR SERIES TRUST S&P METALS MNG -1,653 Sold Out 0
MARKET VECTORS ETF TR GOLD MINER ETF -1,577 Sold Out 0
MARKET VECTORS ETF TR OIL SVCS ETF -926 Sold Out 0
ISHARES TR MSCI UTD KNGDM 2,533 -475 (15.79) 136,130
ISHARES TR MSCI PHILIPS ETF 3,010 -183 (5.72) 79,620
RYDEX ETF TRUST GUG S&P500 PU VA 7,232 -157 (2.13) 138,175
ISHARES TR MSCI INDONIA ETF 3,343 -153 (4.38) 119,975