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Forward Funds

Net Asset Values

Share Classes A and C Shares
     
   
actively managed niche asset classes domestic and foreign
Shareholder Shareholder A and C Shares A and C Shares M Shares
   
 
Net Asset Values as of 03/18/2010   NAV CHANGE
             
  Forward Banking and Finance Fund          
  Class A HSSAX 14.94   -0.05  
  Class C HSSCX 13.99   -0.06  
             
  Forward Global Infrastructure Fund          
  Class A KGIAX 19.13   -0.17  
  Class C KGICX 19.13   -0.17  
             
  Forward Growth Fund          
  Class A HSPGX 11.24   -0.05  
  Class C HSPCX 10.47   -0.05  
             
  Forward International Fixed Income Fund - Class C FFXCX 10.69   -0.08  
             
  Forward International Real Estate Fund          
  Class A KIRAX 15.61   -0.07  
  Class C KIRCX 19.13   -0.17  
             
  Forward International Small Companies Fund - Class A FFIAX 12.56   -0.08  
             
  Forward Large Cap Equity Fund - Class A FFLAX 9.58   0.01  
             
  Forward Legato Fund - Class A FFLMX 10.81   -0.03  
             
  Forward Long/Short Credit Analysis - Class C FLSFX 8.43   0.01  
             
  Forward Real Estate Fund          
  Class A KREAX 10.69   -0.04  
  Class C KRECX 10.80   -0.03  
             
  Forward Select Income Fund          
  Class A KIFAX 22.25   0.03  
  Class C KIFCX 21.91   0.03  
             
  Forward Small Cap Equity Fund - Class A FFHAX 15.13   -0.05  
             
  Forward Strategic Realty Fund          
  Class A KSRAX 20.58   -0.03  
  Class C KSRCX 20.40   -0.04  
             
  Forward Tactical Growth Fund          
  Class C FTGOX 26.35   0.01  
             
   
 
     
 
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Not FDIC Insured | No Bank Guarantee | May Lose Value
Forward Funds are distributed by ALPS Distributors, Inc.
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