FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
+2.96%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$1.67B
AUM Growth
-$163M
Cap. Flow
-$189M
Cap. Flow %
-11.31%
Top 10 Hldgs %
42.22%
Holding
453
New
71
Increased
91
Reduced
107
Closed
90

Top Buys

1
IWM icon
iShares Russell 2000 ETF
IWM
$166M
2
BIL icon
SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$37.4M
3
FXI icon
iShares China Large-Cap ETF
FXI
$31.2M
4
EFA icon
iShares MSCI EAFE ETF
EFA
$30.8M
5
DLR icon
Digital Realty Trust
DLR
$19.6M

Top Sells

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$401M
2
HR
Healthcare Realty Trust Incorporated
HR
$26.6M
3
AMRE
AMREIT INC NEW COM STK
AMRE
$25.7M
4
STAG icon
STAG Industrial
STAG
$20.5M
5
AEC
ASSOCIATED ESTATES REALTY CORP
AEC
$15.6M

Sector Composition

1 Real Estate 36.21%
2 Healthcare 4.15%
3 Financials 2.44%
4 Consumer Staples 1.68%
5 Communication Services 1.56%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
AHT.PRE
26
DELISTED
ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E
AHT.PRE
$15.9M 0.95%
598,411
-40,000
-6% -$1.06M
AHH
27
Armada Hoffler Properties
AHH
$574M
$15.8M 0.95%
1,482,775
-15,636
-1% -$167K
LXP.PRC icon
28
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.8M
$14.9M 0.89%
303,428
– –
FUR
29
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$14.6M 0.88%
897,037
-7,235
-0.8% -$118K
MNR
30
DELISTED
Monmouth Real Estate Investment Corp
MNR
$13.8M 0.83%
1,243,600
+500,000
+67% +$5.55M
WPP icon
31
WPP
WPP
$5.82B
$12.5M 0.75%
109,935
+652
+0.6% +$74.2K
UBP.PRG.CL
32
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
$11.8M 0.71%
450,000
– –
BAP icon
33
Credicorp
BAP
$20.8B
$10.2M 0.61%
72,566
+3,083
+4% +$434K
NVS icon
34
Novartis
NVS
$249B
$9.98M 0.6%
112,934
-908
-0.8% -$80.2K
CLNY
35
DELISTED
Colony Capital, Inc.
CLNY
$9.72M 0.58%
375,000
– –
AMH icon
36
American Homes 4 Rent
AMH
$12.9B
$9.67M 0.58%
584,000
– –
SHO.PRD
37
DELISTED
SUNSTONE HOTEL INVESTORS, INC 8.0% SER D CUM REDM PFD
SHO.PRD
$9.54M 0.57%
365,592
– –
BRX icon
38
Brixmor Property Group
BRX
$8.6B
$9.08M 0.54%
341,796
+230,474
+207% +$6.12M
VGSH icon
39
Vanguard Short-Term Treasury ETF
VGSH
$22.8B
$8.9M 0.53%
145,650
-23,350
-14% -$1.43M
CYD icon
40
China Yuchai International
CYD
$1.25B
$8.75M 0.52%
451,486
+2,692
+0.6% +$52.1K
WPG
41
DELISTED
Washington Prime Group Inc.
WPG
$8.1M 0.49%
54,120
+51,243
+1,781% +$7.67M
SKIS
42
DELISTED
Peak Resorts, Inc.
SKIS
$8M 0.48%
1,298,171
– –
RPT
43
Rithm Property Trust Inc.
RPT
$119M
$7.99M 0.48%
+569,256
New +$7.99M
FPO
44
DELISTED
First Potomac Realty Trust
FPO
$7.66M 0.46%
644,197
– –
RDS.A
45
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$7.23M 0.43%
121,179
+2,773
+2% +$165K
SPG icon
46
Simon Property Group
SPG
$59B
$7.14M 0.43%
36,493
-15,500
-30% -$3.03M
TSM icon
47
TSMC
TSM
$1.2T
$6.73M 0.4%
286,473
+144,982
+102% +$3.4M
SYT
48
DELISTED
Syngenta Ag
SYT
$6.72M 0.4%
99,078
-124,465
-56% -$8.44M
ABEV icon
49
Ambev
ABEV
$33.7B
$6.71M 0.4%
1,165,380
+4,047
+0.3% +$23.3K
ACRE
50
Ares Commercial Real Estate
ACRE
$272M
$6.36M 0.38%
575,700
– –
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