FORWARD MANAGEMENT, LLC Information

101 CALIFORNIA STREET, 16TH FLOOR, SAN FRANCISCO, California, 94111, (415) 869-6300

Report Date: 03/31/2015

Position Statistics

Total Positions 452
New Positions 71
Increased Positions 163
Decreased Positions 195
Positions with Activity 358
Sold Out Positions 87
Total Mkt Value (in $ millions) 1,605

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.88%
Capital Goods 1.85%
Conglomerates 1.67%
Consumer Cyclical 0.27%
Consumer/Non-Cyclical 0.87%
Energy 1.16%
Financial 35.99%
Healthcare 6.07%
Services 43.87%
Technology 1.61%
Transportation 0.41%
Utilities 0.26%

452 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ISHARES TR RUSSELL 2000 ETF 163,515 163,515 New 1,336,456
SPDR S&P 500 ETF TR TR UNIT 126,769 -407,531 (76.27) 604,268
SPDR SERIES TRUST BRCLYS 1-3MT ETF 122,193 37,344 44.01 2,673,212
CHATHAM LODGING TR COM 50,172 4,068 8.82 1,850,000
FRANKLIN STREET PPTYS CORP COM 42,617 -166 (0.39) 3,599,400
SUMMIT HOTEL PPTYS COM 38,903 New 2,850,000
STAG INDL INC COM 36,271 -17,160 (32.12) 1,840,222
VEREIT INC COM 35,320 New 4,000,000
MACK CALI RLTY CORP COM 34,573 -542 (1.54) 1,658,957
ISHARES TR MSCI EAFE ETF 31,013 31,013 New 479,998
SABRA HEALTH CARE REIT INC COM 28,692 -3,554 (11.02) 1,053,300
ISHARES TR CHINA LG-CAP ETF 28,001 28,001 New 701,954
FELCOR LODGING TR INC PFD CV A $1.95 27,651 New 1,094,238
LIBERTY PPTY TR SH BEN INT 23,739 5,950 33.45 698,200
CAMPUS CREST CMNTYS INC COM 22,845 -515 (2.2) 3,993,831
DIGITAL RLTY TR INC COM 21,337 19,220 908.15 330,037
EPR PPTYS CONV PFD 9% SR E 20,998 New 644,101
RETAIL OPPORTUNITY INVTS CORP COM 20,194 New 1,170,000
AMERICAN RESIDENTIAL PPTYS INC COM 19,436 17,266 796.00 1,050,000
TRADE STR RESIDENTIAL INC COM NEW 19,166 -139 (0.72) 2,757,693