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) 175

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 96.89%
Healthcare
Services
Technology
Transportation
Utilities 0.19%

78 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN -5 Sold Out 0
FIRST TR ISE REVERE NAT GAS IN COM -29 Sold Out 0
GLOBAL X FDS GLBX MSCI NORW -1,448 Sold Out 0
ISHARES MSCI CDA ETF -1,187 Sold Out 0
ISHARES MSCI AUST ETF -81 Sold Out 0
ISHARES INC CORE MSCI EMKT -3,527 Sold Out 0
ISHARES TR CORE MSCI EAFE -3,153 Sold Out 0
ISHARES TR MSCI INDONIA ETF -3,314 Sold Out 0
LEGACY RESVS LP UNIT LP INT -6 Sold Out 0
POWERSHARES ETF TR II KBW BK PORT -4,954 Sold Out 0
WISDOMTREE TR INTL DIV EX FINL -3,229 Sold Out 0
POWERSHARES ETF TRUST GOLDEN DRG CHINA 143 -1,905 (93.01) 4,830
SPDR SERIES TRUST S&P PHARMAC 414 -4,692 (91.9) 3,310
SELECT SECTOR SPDR TR SBI HEALTHCARE 397 -4,324 (91.59) 5,380
RYDEX ETF TRUST GUG S&P500 PU VA 1,120 -6,373 (85.05) 20,655
ISHARES TR MSCI PHILIPS ETF 1,875 -1,472 (43.98) 44,600
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 42 -21 (33.83) 849
ISHARES TR MSCI UTD KNGDM 1,930 -564 (22.62) 105,335
ISHARES MSCI THI CAP ETF 3,417 -864 (20.18) 43,080
ISHARES TR MSCI INDIA ETF (6.4) 78,215