Cumberland Advisors’s iShares MSCI Philippines ETF EPHE Stock Holding History

Cumberland Advisors’s Portfolio EPHE Stock Details EPHE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-52,810	Closed	-$2.03M	–	54
2015 Q2	$2.03M	Buy	52,810 +5,190	+11%	+$211K	1.07%	23
2015 Q1	$1.98M	Buy	47,620 +3,020	+7%	+$124K	1.03%	27
2014 Q4	$1.7M	Sell	44,600 -35,020	-44%	-$1.33M	0.99%	29
2014 Q3	$3.03M	Sell	79,620 -4,830	-6%	-$184K	2%	20
2014 Q2	$3.11M	Sell	84,450 -4,690	-5%	-$170K	1.99%	22
2014 Q1	$3.04M	Sell	89,140 -7,200	-7%	-$234K	1.75%	21
2013 Q4	$3.04M	Buy	96,340 +61,500	+177%	+$2.05M	1.7%	22
2013 Q3	$1.15M	Sell	34,840 -65,568	-65%	-$2.25M	0.68%	32
2013 Q2	$3.52M	Buy	+100,408	New	+$3.97M	1.92%	20

Other funds holding EPHE

State of Tennessee, Department of Treasury

State of Tennessee, Department of Treasury Nashville, Tennessee $29.8B AUM 29.48% 1-Year Est. Return

National Mutual Insurance Federation of Agricultural Cooperatives Tokyo, Japan, Japan $13B AUM 17.65% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Exane Derivatives Paris, France $174M AUM 7.84% 1-Year Est. Return

State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D Trenton, New Jersey $25.9B AUM 26.38% 1-Year Est. Return

UBS Group Zurich, Switzerland $564B AUM 30.12% 1-Year Est. Return

ING Group Amsterdam, Netherlands $16.4B AUM 34.6% 1-Year Est. Return

Wells Fargo San Francisco, California $501B AUM 22.01% 1-Year Est. Return

HSBC Holdings London, United Kingdom $168B AUM 27.2% 1-Year Est. Return

New York Life Investment Management New York $11.8B AUM 23.45% 1-Year Est. Return