FM

Forward Management Portfolio holdings

AUM $907M
This Quarter Return
-4.14%
1 Year Return
+0.46%
3 Year Return
+36.86%
5 Year Return
+53.05%
10 Year Return
–
AUM
$1.63B
AUM Growth
+$1.63B
Cap. Flow
+$28.9M
Cap. Flow %
1.77%
Top 10 Hldgs %
44.09%
Holding
410
New
47
Increased
112
Reduced
66
Closed
96

Top Buys

1
SPY icon
SPDR S&P 500 ETF Trust
SPY
$155M
2
NSA icon
National Storage Affiliates Trust
NSA
$27.8M
3
WPG
Washington Prime Group Inc.
WPG
$24.9M
4
CLNY
Colony Capital, Inc.
CLNY
$16.4M
5
SBRA icon
Sabra Healthcare REIT
SBRA
$15M

Top Sells

1
IWM icon
iShares Russell 2000 ETF
IWM
$166M
2
FXI icon
iShares China Large-Cap ETF
FXI
$31.2M
3
EFA icon
iShares MSCI EAFE ETF
EFA
$30.8M
4
EXL
EXCEL TRUST , INC COM STK
EXL
$19.8M
5
BRX icon
Brixmor Property Group
BRX
$5.4M

Sector Composition

1 Real Estate 37.66%
2 Healthcare 4.15%
3 Financials 2.71%
4 Consumer Staples 1.77%
5 Industrials 1.74%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
KRG icon
26
Kite Realty
KRG
$5.02B
$14.7M 0.9%
600,000
– –
RPT.PRD
27
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$14.7M 0.9%
245,700
– –
LADR
28
Ladder Capital
LADR
$1.48B
$14.6M 0.9%
+839,489
New +$14.6M
LXP.PRC icon
29
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$90.1M
$14.5M 0.89%
303,428
– –
FUR
30
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$13.6M 0.84%
897,037
– –
MNR
31
DELISTED
Monmouth Real Estate Investment Corp
MNR
$12.1M 0.74%
1,243,600
– –
UBP.PRG.CL
32
DELISTED
Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock, liquidation pre
UBP.PRG.CL
$11.9M 0.73%
450,000
– –
WPP icon
33
WPP
WPP
$5.73B
$10.6M 0.65%
93,803
-16,132
-15% -$1.82M
NVS icon
34
Novartis
NVS
$245B
$10.4M 0.64%
105,471
+4,276
+4% +$421K
CORR.PRA
35
DELISTED
CorEnergy Infrastructure Trust, Inc Depositary Shares representing a 1/100th fractional interest of a share of 7.375% Series A Cumulative Redeemable Preferred Stock
CORR.PRA
$9.66M 0.59%
+400,000
New +$9.66M
SHO.PRD
36
DELISTED
SUNSTONE HOTEL INVESTORS, INC 8.0% SER D CUM REDM PFD
SHO.PRD
$9.62M 0.59%
365,592
– –
AMH icon
37
American Homes 4 Rent
AMH
$13.3B
$9.37M 0.58%
584,000
– –
SKIS
38
DELISTED
Peak Resorts, Inc.
SKIS
$9.3M 0.57%
1,298,171
– –
CYD icon
39
China Yuchai International
CYD
$1.25B
$8.11M 0.5%
487,332
+35,846
+8% +$596K
HSBC icon
40
HSBC
HSBC
$224B
$8M 0.49%
178,482
+86,653
+94% +$3.88M
VGSH icon
41
Vanguard Short-Term Treasury ETF
VGSH
$22.9B
$8M 0.49%
130,850
-14,800
-10% -$904K
RPT
42
Rithm Property Trust Inc.
RPT
$117M
$7.8M 0.48%
550,000
– –
ABEV icon
43
Ambev
ABEV
$34.9B
$7.59M 0.47%
1,244,332
+78,952
+7% +$482K
BAP icon
44
Credicorp
BAP
$20.4B
$7.59M 0.47%
54,608
-17,958
-25% -$2.5M
RDS.A
45
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$7.45M 0.46%
130,595
+9,416
+8% +$537K
TSM icon
46
TSMC
TSM
$1.2T
$7M 0.43%
308,405
+21,932
+8% +$498K
FPO
47
DELISTED
First Potomac Realty Trust
FPO
$6.64M 0.41%
644,197
– –
ACRE
48
Ares Commercial Real Estate
ACRE
$260M
$6.56M 0.4%
575,700
– –
UBS icon
49
UBS Group
UBS
$128B
$6.26M 0.38%
295,048
+15,842
+6% +$336K
SPG icon
50
Simon Property Group
SPG
$59B
$6.14M 0.38%
35,493
-1,000
-3% -$173K
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