FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+4.59%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$1.73B
AUM Growth
+$1.73B
Cap. Flow
-$81.3M
Cap. Flow %
-4.7%
Top 10 Hldgs %
49.8%
Holding
399
New
56
Increased
99
Reduced
102
Closed
45

Top Buys

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$63.8M
2
KRG icon
Kite Realty
KRG
$14.8M
3
MNR
Monmouth Real Estate Investment Corp
MNR
$9.17M
4
FSP
Franklin Street Properties
FSP
$6.86M
5
WPC icon
W.P. Carey
WPC
$6.03M

Top Sells

1
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$77.3M
2
DLR icon
Digital Realty Trust
DLR
$48.4M
3
LXP icon
LXP Industrial Trust
LXP
$25.9M
4
ESV
Ensco Rowan plc
ESV
$6.99M
5
MR
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
$5.82M

Sector Composition

1 Real Estate 34.48%
2 Financials 3.44%
3 Healthcare 2.75%
4 Energy 1.92%
5 Industrials 1.6%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
RPT.PRD
26
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$15.1M 0.88%
245,700
– –
LXP.PRC icon
27
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.1M
$14.8M 0.86%
303,428
– –
FUR
28
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$13.3M 0.77%
866,037
-332,200
-28% -$5.1M
BAP icon
29
Credicorp
BAP
$20.4B
$12.6M 0.73%
81,566
+16,341
+25% +$2.52M
VGSH icon
30
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$12.2M 0.71%
200,900
-52,700
-21% -$3.21M
CYD icon
31
China Yuchai International
CYD
$1.25B
$11.7M 0.68%
561,292
+109,744
+24% +$2.29M
WPP icon
32
WPP
WPP
$5.73B
$11.6M 0.67%
106,995
-804
-0.7% -$87.5K
SAN icon
33
Banco Santander
SAN
$141B
$11.6M 0.67%
1,106,167
+168,936
+18% +$1.76M
AHH
34
Armada Hoffler Properties
AHH
$584M
$11.5M 0.67%
1,191,900
– –
AMH icon
35
American Homes 4 Rent
AMH
$13.3B
$10.4M 0.6%
584,000
-45,000
-7% -$799K
AVB icon
36
AvalonBay Communities
AVB
$27.9B
$9.7M 0.56%
68,288
-19,376
-22% -$2.75M
MNR
37
DELISTED
Monmouth Real Estate Investment Corp
MNR
$9.17M 0.53%
+912,761
New +$9.17M
NVS icon
38
Novartis
NVS
$245B
$8.76M 0.51%
96,522
+3,074
+3% +$279K
SPG icon
39
Simon Property Group
SPG
$59B
$8.61M 0.5%
51,793
-28,900
-36% -$4.81M
FPO
40
DELISTED
First Potomac Realty Trust
FPO
$8.45M 0.49%
644,197
– –
EQR icon
41
Equity Residential
EQR
$25.3B
$8.22M 0.48%
130,500
-49,300
-27% -$3.11M
RDS.A
42
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$7.8M 0.45%
94,444
-2,300
-2% -$190K
ACRE
43
Ares Commercial Real Estate
ACRE
$260M
$7.33M 0.42%
590,700
– –
HSBC icon
44
HSBC
HSBC
$224B
$6.98M 0.4%
137,214
+2,673
+2% +$136K
DLR icon
45
Digital Realty Trust
DLR
$57.2B
$6.28M 0.36%
107,636
-830,250
-89% -$48.4M
VCSH icon
46
Vanguard Short-Term Corporate Bond ETF
VCSH
$35.4B
$6.01M 0.35%
74,750
-21,000
-22% -$1.69M
EPR.PRC icon
47
EPR Properties 5.75% Series C Cumulative Convertible Preferred Shares
EPR.PRC
$132M
$5.72M 0.33%
248,700
– –
PSA icon
48
Public Storage
PSA
$51.7B
$5.54M 0.32%
32,323
-14,945
-32% -$2.56M
WELL icon
49
Welltower
WELL
$113B
$5.52M 0.32%
88,000
+14,600
+20% +$915K
BNS icon
50
Scotiabank
BNS
$77.6B
$5.5M 0.32%
85,371
+17,571
+26% +$1.13M
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