Forward Select EM Dividend Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.47 0.47
Stocks 0.99 0.99
Bonds 3.33 3.33
Other 1.1 1.1
Foreign Bonds 0.0 0.0
Foreign Stocks 94.1 94.1
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 02.28.2013

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 02.28.2013

Ticker YTD Return % % Net Assets
Danieli & C.Officine Meccaniche SPA DANR --- 3.58
Jasmine International Public Company Limited JASN --- 3.11
PT Media Nusantara Citra Tbk MNCN --- 2.82
Thai Tap Water Supply Public Company Limited (Ttw) TTW-F --- 2.44
Cimsa Cimento Sanayi Ve Ticaret A.S. CIMSA --- 2.27
China Yuchai International, Ltd. CYD -10.34 2.22
Kinik Company 1560 --- 2.14
Astra Graphia Tbk ASGR --- 2.12
Mindray Medical International Limited ADR MR 18.75 2.06
Asustek Computer Inc AKCPF --- 2.05
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