Forward Management’s iShares MSCI ACWI ex US ETF ACWX Stock Holding History

Forward Management’s Portfolio ACWX Stock Details ACWX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-200,910	Closed	-$9.58M	–	49
2018 Q3	$9.58M	Hold	200,910	–	–	1.62%	15
2018 Q2	$9.49M	Sell	200,910 -4,380	-2%	-$217K	1.56%	17
2018 Q1	$10.2M	Sell	205,290 -20,170	-9%	-$1.03M	1.49%	16
2017 Q4	$11.3M	Buy	225,460 +120,500	+115%	+$5.94M	1.27%	25
2017 Q3	$5.08M	Buy	104,960 +3,850	+4%	+$182K	0.57%	34
2017 Q2	$4.37M	Hold	101,110	–	–	0.37%	41
2017 Q1	$4.37M	Hold	101,110	–	–	0.37%	38
2016 Q4	$4.37M	Hold	101,110	–	–	0.31%	64
2016 Q3	$4.37M	Hold	101,110	–	–	0.33%	51
2016 Q2	$4.37M	Sell	101,110 -46,500	-32%	-$1.85M	0.37%	44
2016 Q1	$6.5M	Hold	147,610	–	–	0.53%	30
2015 Q4	$6.5M	Hold	147,610	–	–	0.55%	34
2015 Q3	$6.5M	Buy	147,610 +32,610	+28%	+$1.37M	0.52%	39
2015 Q2	$5.1M	Hold	115,000	–	–	0.31%	55
2015 Q1	$5.1M	Buy	115,000 +103,275	+881%	+$4.54M	0.31%	58
2014 Q4	$504K	Buy	+11,725	New	+$519K	0.03%	228

Other funds holding ACWX

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

ANTB

AMG National Trust Bank Greenwood Village, Colorado $4.88B AUM 24.08% 1-Year Est. Return

SCCM

Schafer Cullen Capital Management New York $491M AUM 41.48% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Lazard Asset Management New York $66.1B AUM 33.53% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Glenmede Trust Philadelphia, Pennsylvania $22.7B AUM

Forward Management's ACWX Position: Q4 2018 in Review

Forward Management sold out of iShares MSCI ACWI ex US ETF (ACWX) in Q4 2018, closing a stake of 200,910 shares — an estimated $9.58M sold.

Forward Management first reported a position in ACWX in Q4 2014 and held it in 16 quarters. The position peaked at $11.3M in Q4 2017. 284 funds tracked by Wall St. Rank hold ACWX as of Q4 2018.

Forward Management reported no remaining iShares MSCI ACWI ex US ETF position as of Q4 2018 after selling out during the quarter.
Forward Management sold 200,910 iShares MSCI ACWI ex US ETF shares in Q4 2018, an estimated $9.58M.
Forward Management first reported a position in iShares MSCI ACWI ex US ETF in Q4 2014 and held it in 16 quarters.
Forward Management's iShares MSCI ACWI ex US ETF position peaked at $11.3M in Q4 2017.
284 funds tracked by Wall St. Rank held iShares MSCI ACWI ex US ETF as of Q4 2018.

Based on Forward Management's 13F filing for Q4 2018, filed 1 Feb 2019.