ISHARES TR

Ticker: IWO CUSIP: 464287648 Class: RUS 2000 GRW ETF

CUMBERLAND ADVISORS INC's Holding History (CIK: 0001255435)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 216,100 Value ($000) $29,284 Avg Close — Range —

Q3 2013

Shares 202,070 Value ($000) $25,428 Avg Close — Range —

Q2 2013

Shares 53,390 Value ($000) $5,954 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	216,100	$29,284	—	—
Q3 2013	202,070	$25,428	—	—
Q2 2013	53,390	$5,954	—	—