Forester Value Fund (FVALX) NPORT-P Forester Discovery Fund (Dec 2020 report)

Schedule of Investments
December 31, 2020 (unaudited)
Forester Discovery Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 65.97%
Basic Materials - 6.85%
Agnico Eagle Mines Ltd.		930		65,574
Newmont Goldcorp Corp.		1,000		59,890
				125,464
Consumer Goods - 10.64%
Cie Generale des Etablissements Michelin SCA ADR (2)		1,220		31,378
Diageo Plc. ADR		325		51,613
Unilever Plc. ADR		1,110		67,000
Volkswagen AG ADR		2,150		44,828
				194,819
Financials - 7.99%
Prudential PLC ADR (2)		1,780		65,736
Swiss RE AG ADR (2)		970		22,979
The Toronto-Dominion Bank NY (Canada)		1,020		57,548
				146,263
Health Care - 7.87%
GlaxoSmithKline PLC ADR		1,720		63,296
Sanofi ADR (2)		1,660		80,659
				143,955
Industrials - 9.59%
Amcor Ltd. ADR (Australia)		5,040		59,321
BAE Systems PLC ADR		1,850		50,228
Siemens AG ADR		920		66,047
				175,596
Oil & Gas - 3.55%
Total SA ADR		1,550		64,961
Technology - 6.18%
Infosys Ltd.		2,900		49,155
SAP SE ADR (2)		490		63,891
				113,046
Telecommunications - 5.50%
Deutsche Telekom AG ADR (2)		2,830		51,704
KT Corp. ADR (2)		4,450		48,995
				100,699
Multi-Utilities - 7.79%
Red Electrica Corp. SA ADR (2)		4,760		49,266
RWE AG ADR (2)		2,200		93,368
				142,634
Total Common Stock		(Cost $              884,467)		1,207,437
U.S. Government Obligations - 6.01%
U.S. Government Treasury Bill, 0.000%, 03/18/2021		110,000		109,984
Total U.S. Government Obligations		(Cost $              109,995)		109,984
Money Market Registered Investment Companies - 27.74%
Morgan Stanley Institional Liquidity Fund - 0.01% (4)		507,798		507,798
Total Money Market Registered Investment Companies		(Cost $              507,798)		507,798
Total Investments - 99.72%		(Cost $           1,502,261)		1,825,219
Other Assets less Liabilities - .28%				5,099
Total Net Assets - 100.00%				1,830,318
(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.
These inputs are summarized in the three broad levels listed below.
• Level 1 - quoted prices in active markets for identical securities
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of December 31, 2020 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments (9)
Level 1 - Quoted Prices	$	1,825,219	$
Level 2 - Other Significant Observable Inputs				-
Level 3 - Significant Unobservable Inputs				-
Total	$	1,825,219	$
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active
market, such securities are reflected as Level 2.
(2)  Represents non-income producing securities.
(3)  All or a portion of this security is on loan.
(4)  Variable rate security; the coupon rate shown represents the yield at at December 31, 2020.
ADR- American Depositary Receipt