Forward Select EM Dividend Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 0.0 0.09 -0.09
Stocks 1.41 0.0 1.41
Bonds 3.84 0.0 3.84
Other 1.92 0.0 1.92
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 91.19 0.0 91.19
Convertible 0.0 0.0 0.0
Preferred 1.72 0.0 1.72

Updated 01.31.2014

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 01.31.2014

Ticker YTD Return % % Net Assets
Danieli & C.Officine Meccaniche SPA Rsp DANR --- 3.83
Grand Korea Leisure Co Ltd A114090 --- 3.74
China Yuchai International, Ltd. CYD 2.78 3.49
Jasmine International Public Company Limited JASN --- 3.09
Osim International Ltd. OSMIF 0.0 3.07
Wah Lee Industrial Corp. 3010 --- 2.97
China Machinery Engineering Corporation 01829 --- 2.85
China Gas Holdings Ltd. 00384 --- 2.83
Credicorp Ltd BAP -2.7 2.71
Kinik Company 1560 --- 2.63