Net Asset Values

Net Asset Values as of 03/10/2010		NAV	CHANGE

Forward Banking and Finance Fund
Class A	HSSAX	14.74	0.11
Class C	HSSCX	13.81	0.10

Forward Global Infrastructure Fund
Class A	KGIAX	19.04	0.07
Class C	KGICX	19.04	0.07

Forward Growth Fund
Class A	HSPGX	11.08	0.07
Class C	HSPCX	10.33	0.07

Forward International Fixed Income Fund - Class C	FFXCX	10.63	0.02

Forward International Real Estate Fund
Class A	KIRAX	15.37	-0.02
Class C	KIRCX	19.04	0.07

Forward International Small Companies Fund - Class A	FFIAX	12.31	0.06

Forward Large Cap Equity Fund - Class A	FFLAX	9.41	0.03

Forward Legato Fund - Class A	FFLMX	10.69	0.07

Forward Long/Short Credit Analysis - Class C	FLSFX	8.38	0.01

Forward Real Estate Fund
Class A	KREAX	10.34	0.04
Class C	KRECX	10.45	0.04

Forward Select Income Fund
Class A	KIFAX	21.89	0.04
Class C	KIFCX	21.56	0.03

Forward Small Cap Equity Fund - Class A	FFHAX	14.95	0.06

Forward Strategic Realty Fund
Class A	KSRAX	19.80	0.08
Class C	KSRCX	19.64	0.08

Forward Tactical Growth Fund
Class C	FTGOX	26.07	0.06

Not FDIC Insured | No Bank Guarantee | May Lose Value