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) 145

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 94.92%
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 BELGIUM CAPD ETF 1,977 1,977 New 125,830
ENTERPRISE PRODS PARTNERS L P COM 74 27 56 1,950
FIRST TR ISE REVERE NAT GAS IN COM 41 41 New 2,780
SPECTRA ENERGY PARTNERS LP COM 21 New 400
TARGA RESOURCES PARTNERS LP COM UNIT 26 New 400
WILLIAMS PARTNERS L P COM UNIT L P 25 New 500
TESORO LOGISTICS LP COM UNIT LP 35 12 50 600
WESTERN GAS PARTNERS LP COM UNIT LP IN 55 25 87.50 750
NGL ENERGY PARTNERS LP COM UNIT REPST 36 36 New 1,000
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 48 24 100 600
SUNOCO LOGISTICS PRTNRS L P COM UNITS 55 27 100 1,200
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 15 15 New 900
DCP MIDSTREAM PARTNERS LP COM UT LTD PTN 54 27 100 1,000
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 44 15 50 750
HOLLY ENERGY PARTNERS L P COM UT LTD PTN 21 New 600
VANGUARD WORLD FDS CONSUM DIS ETF 139 139 New 1,300
ISHARES TR CORE MSCI EAFE 2,960 323 12.26 53,100
ISHARES INC CORE MSCI EMKT 3,567 1,002 39.09 72,760
ISHARES TR CORE S&P500 ETF 378 378 New 1,950
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX -6,509 Sold Out 0