CUMBERLAND ADVISORS INC Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 79
New Positions 16
Increased Positions 45
Decreased Positions 22
Positions with Activity 67
Sold Out Positions 12
Total Mkt Value (in $ millions) 171

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 0.33%
Financial 97.04%
Healthcare
Services
Technology
Transportation
Utilities 0.19%

79 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 -28 Sold Out 0
GLOBAL X FDS GLBX MSCI NORW -1,473 Sold Out 0
ISHARES MSCI CDA ETF -1,195 Sold Out 0
ISHARES MSCI AUST ETF -77 Sold Out 0
ISHARES INC CORE MSCI EMKT -3,551 Sold Out 0
ISHARES TR MSCI INDIA ETF (6.4) 78,215
ISHARES TR MSCI INDONIA ETF -3,365 Sold Out 0
ISHARES TR CORE MSCI EAFE -2,964 Sold Out 0
LEGACY RESVS LP UNIT LP INT -5 Sold Out 0
POWERSHARES ETF TR II KBW BK PORT -4,691 Sold Out 0
WILLIAMS PARTNERS L P COM UNIT L P -22 Sold Out 0
WISDOMTREE TR INTL DIV EX FINL -3,145 Sold Out 0
QEP MIDSTREAM PARTNERS LP COM UNIT RP LTD 11 11 New 700
HOLLY ENERGY PARTNERS L P COM UT LTD PTN 20 New 600
ENBRIDGE ENERGY PARTNERS L P COM 20 20 New 500
BUCKEYE PARTNERS L P UNIT LTD PARTN 23 New 300
AMERIGAS PARTNERS L P UNIT L P INT 26 New 500
SUBURBAN PROPANE PARTNERS L P UNIT LTD PARTN 27 New 600
NGL ENERGY PARTNERS LP COM UNIT REPST 29 New 1,000