The Forward International Fixed Income Fund is managed by a team of five senior investment managers.
Sub-Advisor: Pictet Asset Management, SA
Pictet Asset Management, SA, is part of Pictet Asset Management, the institutional investment management division of Geneva-based Pictet & Cie, a Swiss private bank that was founded in 1805. As of December 31, 2007, Pictet & Cie had approximately $236 billion in client assets.
Pictet Asset Management, SA, is located in Geneva.
Key Personnel
Sebastien Eisinger, Team Head
Eisinger is Head of Pictet Asset Management SA’s fixed income business and is a member of the Executive Board. Eisinger holds an MSc in mathematics and a post-graduate degree in stochastic models from Jussieu University in Paris.
Mickael Benhaim, Head of Global Bonds
Benhaim is Head of Global Bonds and a member of the Credit and Absolute Return Committee. Benhaim holds an MSc in mathematics and a post-graduate degree in stochastic models from the Jussieu University in Paris and Paris Pantheon-Sorbonne.
Alexander Baskov, Senior Investment Manger
Baskov is a Senior Investment Mananger specializing in High Yield Bonds. He is a graduate of Polytechnic University in St. Petersburg and holds an Executive MBA from the HEC University of Lausanne, Switzerland.
David Bopp, CFA*, Investment Manager
Bopp is an Investment Manager, responsible for absolute return products. He holds an economics degree from the HEC University of Lausanne, Switzerland.
Simon Lue-Fong, Head of Global Emerging Debt
Lue-Fong is a Senior Investment Manager and Head of Global Emerging Debt responsible for investment management, product development and client relations. He holds a BA (with honors) in finance from Bournemouth University.
*David Bopp has earned the right to use the Chartered Financial Analyst designation.
Citigroup World BIG Bond ex-U.S. Index and Blended Benchmark (60% Citigroup World BIG ex-U.S. Index/20% Merrill Lynch European Currency High Yield Index/20% JP Morgan GBI-EM Global Diversified Composite)
Inception:
October 5, 2007
Net Assets:
$4.3 Million
Load Fee:
3.75%
Dealer Concession:
3.25%2
Trail:
0.25%3
Gross Expense Ratio:
2.00%
Net Expense Ratio:
1.34%4
Minimum Investment
Initial:
$4,000
Initial–eDelivery:
$2,000
Initial–Automatic Investment Plan:
$500
Statistics
Average Maturity (years):
3.62
Modified Duration:
4.83
Convexity:
0.59
Weighted Avg. YTM:
5.83
Weighted Avg. Coupon:
3.74
Weighted Avg. Credit Quality:
A
1Unhedged USD
2Maximum concession allowed—see prospectus for more details.
3Additional maximum of 0.20% may be allowable under the Shareholder Services Plan.
4The Fund’s investment advisor has contractually agreed to waive a portion of its fees and reimburse other expensees until April 30, 2009, in amounts necessary to limit the Fund’s operating expenses (exclusive of brokerage costs, interest, taxes, dividends, and extraordinary expenses) for Class A shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.34%.
Key Personnel
