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Forward Funds

Net Asset Values

Institutional Class
     
   
actively managed niche asset classes domestic and foreign
 
 
Shareholder Shareholder A and C Shares
 
   
 
Net Asset Values as of 07/23/2008   NAV CHANGE
             
  Forward Asia Ex-Japan Equities Fund FFASX 7.98   0.15  
             
  Forward Eastern Europe Equities Fund FEEIX 8.35   0.00  
             
  Forward Emerging Markets Fund PTEMX 23.39   0.02  
             
  Forward International Equity Fund FFIEX 16.42   0.10  
             
  Forward International Fixed Income Fund FFXIX
10.32
 
-0.05
 
             
  Forward International Small Companies Fund PTSCX 15.73   0.00  
             
  Forward Large Cap Equity Fund FFLSX
10.34
 
-0.04
 
             
  Forward Legato Fund FFLFX
11.30
 
0.01
 
             
  Forward Long/Short Credit Analysis Fund FLSIX
7.18
 
0.09
 
             
  Forward Mini-Cap Fund FFMIX
15.73
 
0.00
 
             
  Forward Progressive Real Estate Fund FPREX
14.15
 
0.25
 
             
  Forward Small Cap Equity Fund FFHIX
18.58
 
-0.10
 
             
 
   
 
 
 
 
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Forward Funds are distributed by ALPS Distributors, Inc.
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