Cumberland Advisors

Cumberland Advisors as of June 30, 2011

Portfolio Holdings for Cumberland Advisors

Cumberland Advisors holds 53 positions in its portfolio as reported in the June 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SPDR Dow Jones Industrial Average ETF (DIA) 7.5 $14M 114k 123.83
Rydex S&P Equal Weight ETF 7.3 $14M 274k 50.62
WisdomTree Dividend ex-Fin Fund (AIVL) 6.7 $13M 245k 51.42
iShares S&P NA Tec.-SW. Idx. Fund (IGV) 3.9 $7.3M 116k 63.35
iShares Dow Jones US Health Care (IHF) 3.7 $6.9M 106k 65.17
Consumer Staples Select Sect. SPDR (XLP) 3.6 $6.9M 221k 31.23
Vanguard Consumer Staples ETF (VDC) 3.5 $6.6M 82k 79.92
iShares MSCI EMU Index (EZU) 3.1 $5.9M 151k 38.83
iShares Cohen & Steers Realty Maj. (ICF) 3.0 $5.7M 78k 72.51
Market Vectors Indonesia Index 2.8 $5.3M 167k 31.98
iShares MSCI Australia Index Fund (EWA) 2.7 $5.1M 197k 26.05
SPDR S&P China (GXC) 2.6 $5.0M 63k 78.34
iShares MSCI Chile Inv. Mt. Idx (ECH) 2.6 $5.0M 66k 75.37
iShares MSCI Switzerland Index Fund (EWL) 2.6 $4.9M 186k 26.61
iShares MSCI EAFE Index Fund (EFA) 2.6 $4.9M 82k 60.14
iShares Dow Jones US Tele (IYZ) 2.5 $4.8M 193k 24.90
iShares MSCI Canada Index (EWC) 2.4 $4.6M 145k 31.67
iShares Dow Jones US Consumer Goods (IYK) 2.3 $4.3M 62k 68.98
Consumer Discretionary SPDR (XLY) 2.1 $4.0M 99k 40.21
Vanguard Telecommunication Services ETF (VOX) 2.1 $4.0M 56k 71.25
Health Care SPDR (XLV) 1.9 $3.6M 102k 35.53
PowerShares DB Com Indx Trckng Fund 1.8 $3.4M 116k 28.96
Market Vectors Poland ETF 1.5 $2.9M 98k 29.49
Vanguard Emerging Markets ETF (VWO) 1.5 $2.8M 58k 48.62
iShares MSCI United Kingdom Index 1.5 $2.8M 158k 17.81
ISHARES TR MSCI Small Cap msci small cap (SCZ) 1.4 $2.7M 62k 43.62
First Trust Amex Biotech Index Fnd (FBT) 1.3 $2.5M 58k 43.85
iShares MSCI Singapore Index Fund 1.3 $2.5M 183k 13.73
SPDR S&P Pharmaceuticals (XPH) 1.3 $2.4M 47k 50.91
iShares MSCI Taiwan Index 1.2 $2.4M 155k 15.18
iShares MSCI EAFE Growth Index (EFG) 1.2 $2.2M 35k 63.07
iShares MSCI Japan Index 1.1 $2.1M 198k 10.43
iShares MSCI Malaysia Index Fund 1.1 $2.0M 133k 15.28
PowerShares Dynamic Food & Beverage 1.0 $1.9M 96k 20.13
Spdr S&p 500 Etf (SPY) 1.0 $1.9M 14k 131.95
SPDR Gold Trust (GLD) 1.0 $1.8M 13k 146.02
iShares MSCI Brazil Index (EWZ) 1.0 $1.8M 25k 73.35
iShares MSCI Hong Kong Index Fund (EWH) 0.9 $1.8M 95k 18.52
Vanguard FTSE All-World ex-US ETF (VEU) 0.9 $1.7M 35k 49.82
SPDR KBW Regional Banking (KRE) 0.9 $1.6M 65k 25.46
Utilities SPDR (XLU) 0.9 $1.6M 49k 33.48
PowerShares Emerging Markets Sovere 0.8 $1.4M 53k 27.09
PowerShares Emerging Infra PF 0.7 $1.3M 25k 53.13
iShares MSCI Germany Index Fund (EWG) 0.5 $968k 36k 26.89
iShares MSCI France Index (EWQ) 0.5 $972k 35k 27.64
SPDR S&P MidCap 400 ETF (MDY) 0.5 $939k 5.3k 177.50
iShares MSCI Sweden Index (EWD) 0.5 $942k 30k 31.79
iShares MSCI Netherlands Investable (EWN) 0.3 $625k 29k 21.55
iShares S&P US Pref Stock Idx Fnd (PFF) 0.2 $393k 9.9k 39.70
Susquehanna Bancshares 0.2 $314k 39k 7.99
iShares S&P Asia 50 Index Fund (AIA) 0.2 $321k 6.9k 46.66
iShares MSCI Mexico Inv. Mt. Idx. (EWW) 0.1 $239k 3.8k 62.48
Vanguard Mun Bd Fd Inc Inter T (VWITX) 0.1 $195k 14k 13.56