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
ALPS ETF TR SECTR DIV DOGS -2,234 Sold Out 0
EGA EMERGING GLOBAL SHS TR EGS EMKTCONS ETF -1,884 Sold Out 0
ISHARES MSCI AUST ETF -1,829 Sold Out 0
ISHARES MSCI CH CAP ETF -3,258 Sold Out 0
NUVEEN MICH QUALITY INCOME MUN COM -201 Sold Out 0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN -22 Sold Out 0
POWERSHARES ETF TRUST GOLDEN DRG CHINA -4,772 Sold Out 0
SCHWAB STRATEGIC TR US REIT ETF -2,927 Sold Out 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 -18,823 Sold Out 0
SPDR SERIES TRUST S&P BIOTECH -3,259 Sold Out 0
VANGUARD INDEX FDS REIT ETF -2,915 Sold Out 0
WISDOMTREE TR UK HEDG EQT FD -2,834 Sold Out 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 222 -7,417 (97.1) 3,900
ISHARES NASDQ BIOTEC ETF 258 -5,858 (95.79) 1,160
ISHARES MSCI SWEDEN ETF 3,376 -1,376 (28.97) 93,975
ISHARES MSCI GERMANY ETF 3,755 -151 (3.87) 121,050
WISDOMTREE TR JAPN HEDGE EQT 16,358 -448 (2.67) 350,870
ISHARES MSCI ITALCPD ETF 3,477 -52 (1.46) 195,360
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 3,290 -34 (1.02) 55,540
CLAYMORE EXCHANGE TRD FD TR 2 GUGG CHN SML CAP 2,707 2,707 New 106,630