Forward Management’s iShares MSCI Emerging Markets ETF EEM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-356,255	Closed	-$16.8M	–	200
2017 Q4	$16.8M	Buy	356,255 +354,770	+23,890%	+$16.4M	1.89%	17
2017 Q3	$67K	Sell	1,485 -238	-14%	-$10.5K	0.01%	186
2017 Q2	$71K	Buy	1,723 +1,722	+172,200%	+$70.1K	0.01%	191
2017 Q1	$0	Sell	1 -955,422	-100%	-$36.3M	﹤0.01%	187
2016 Q4	$33.5M	Buy	955,423 +951,260	+22,850%	+$34.3M	2.33%	9
2016 Q3	$155K	Buy	+4,163	New	+$152K	0.01%	188
2016 Q2	–	Sell	-1,695,701	Closed	-$58.1M	–	233
2016 Q1	$58.1M	Buy	+1,695,701	New	+$52.5M	4.75%	4
2014 Q4	–	Sell	-267,027	Closed	-$11.1M	–	396
2014 Q3	$11.1M	Buy	+267,027	New	+$11.8M	0.66%	34
2014 Q1	–	Sell	-1,991	Closed	-$83K	–	359
2013 Q4	$83K	Sell	1,991 -378,987	-99%	-$15.9M	0.01%	328
2013 Q3	$15.5M	Buy	+380,978	New	+$15.1M	1.01%	27