Forward Select EM Dividend Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.16 0.16
Stocks 0.0 0.0
Bonds 4.34 4.34
Other 1.69 1.69
Foreign Bonds 0.0 0.0
Foreign Stocks 93.81 93.81
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 02.28.2014

Top 10 Holdings

Performance as of 03.31.2014

Portfolio as of 02.28.2014

Ticker YTD Return % % Net Assets
Jasmine International Public Company Limited JASN --- 3.85
Wah Lee Industrial Corp. 3010 --- 3.72
China Gas Holdings Ltd. 00384 --- 3.55
Danieli & C.Officine Meccaniche SPA Rsp DANR --- 3.54
Grand Korea Leisure Co Ltd 114090 --- 3.32
China Machinery Engineering Corporation 01829 --- 3.09
BMF Bovespa SA Bolsa Valores Merc Fut BVMF3 --- 2.76
China Yuchai International, Ltd. CYD 2.73 2.73
PT Bank Mandiri Persero Tbk PPERF 37.84 2.62
Guangdong Investment Ltd. GGDVF -4.08 2.57