FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
-2.5%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$1.67B
AUM Growth
+$1.67B
Cap. Flow
-$56.2M
Cap. Flow %
-3.36%
Top 10 Hldgs %
44.28%
Holding
437
New
83
Increased
98
Reduced
123
Closed
50

Top Buys

1
QQQ icon
Invesco QQQ Trust
QQQ
$34.1M
2
LPT
Liberty Property Trust
LPT
$15.7M
3
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$14.5M
4
EEM icon
iShares MSCI Emerging Markets ETF
EEM
$11.1M
5
FSP
Franklin Street Properties
FSP
$9.86M

Top Sells

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$142M
2
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
$9.3M
3
DLR icon
Digital Realty Trust
DLR
$4.58M
4
AUXL
AUXILIUM PHARAMCEUTICALS INC
AUXL
$4.55M
5
BCS icon
Barclays
BCS
$3.42M

Sector Composition

1 Real Estate 35.05%
2 Healthcare 3.64%
3 Financials 3.55%
4 Industrials 1.81%
5 Energy 1.65%
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
$14.9M 0.89%
245,700
– –
LXP.PRC icon
27
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.8M
$14.4M 0.86%
303,428
– –
SYT
28
DELISTED
Syngenta Ag
SYT
$14.4M 0.86%
226,534
+3,584
+2% +$227K
AHH
29
Armada Hoffler Properties
AHH
$570M
$13.6M 0.81%
1,494,879
+302,979
+25% +$2.75M
BAP icon
30
Credicorp
BAP
$20.8B
$13.2M 0.79%
86,686
+5,120
+6% +$780K
FUR
31
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$12.7M 0.76%
843,037
-23,000
-3% -$347K
VGSH icon
32
Vanguard Short-Term Treasury ETF
VGSH
$22.8B
$12.2M 0.73%
200,900
– –
SAN icon
33
Banco Santander
SAN
$140B
$11.3M 0.68%
1,192,530
+86,363
+8% +$820K
EEM icon
34
iShares MSCI Emerging Markets ETF
EEM
$19B
$11.1M 0.66%
+267,027
New +$11.1M
WPP icon
35
WPP
WPP
$5.73B
$11M 0.66%
109,266
+2,271
+2% +$228K
CYD icon
36
China Yuchai International
CYD
$1.27B
$10.9M 0.65%
596,497
+35,205
+6% +$646K
AMH icon
37
American Homes 4 Rent
AMH
$12.9B
$9.86M 0.59%
584,000
– –
ABEV icon
38
Ambev
ABEV
$33.5B
$9.62M 0.58%
1,468,509
+1,114,934
+315% +$7.3M
NVS icon
39
Novartis
NVS
$248B
$9.17M 0.55%
97,381
+859
+0.9% +$80.8K
AVB icon
40
AvalonBay Communities
AVB
$27.2B
$8.49M 0.51%
60,237
-8,051
-12% -$1.13M
CLNY
41
DELISTED
Colony Capital, Inc.
CLNY
$8.39M 0.5%
+375,000
New +$8.39M
SPG icon
42
Simon Property Group
SPG
$58.7B
$8.3M 0.5%
50,493
-1,300
-3% -$214K
FPO
43
DELISTED
First Potomac Realty Trust
FPO
$7.57M 0.45%
644,197
– –
MNR
44
DELISTED
Monmouth Real Estate Investment Corp
MNR
$7.53M 0.45%
743,600
-169,161
-19% -$1.71M
RDS.A
45
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$7.35M 0.44%
96,486
+2,042
+2% +$155K
HSBC icon
46
HSBC
HSBC
$224B
$7.03M 0.42%
138,135
+921
+0.7% +$46.8K
ACRE
47
Ares Commercial Real Estate
ACRE
$270M
$6.91M 0.41%
590,700
– –
EQR icon
48
Equity Residential
EQR
$24.7B
$6.74M 0.4%
109,400
-21,100
-16% -$1.3M
SRC
49
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$6.54M 0.39%
595,868
-847,551
-59% -$9.3M
VCSH icon
50
Vanguard Short-Term Corporate Bond ETF
VCSH
$35.3B
$5.97M 0.36%
74,750
– –
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