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Forward Funds

Net Asset Values

Investor 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 FFAEX 7.97   0.16  
             
  Forward Eastern Europe Equities Fund FEEEX 7.97   0.16  
             
  Forward Emerging Markets Fund PGERX 23.23   0.02  
             
  Forward International Equity Fund FFINX
16.38
 
0.09
 
             
  Forward International Fixed Income Fund FFXRX
10.32
 
-0.05
 
             
  Forward International Small Companies Fund PISRX 15.65   0.01  
             
  Forward Long/Short Credit Analysis Fund FLSRX 7.18   0.09  
             
  Forward Mini-Cap Fund FFHMX
15.31
 
-0.01
 
             
  Forward Progressive Real Estate Fund FFREX
14.19
 
0.26
 
             
  Forward Small Cap Equity Fund FFSCX
18.02
 
-0.10
 
             
  Sierra Club Stock Fund SCFSX
9.81
 
0.18
 
             
 
   
 
 
 
 
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Forward Funds are distributed by ALPS Distributors, Inc.
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