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The Forward Long/Short Credit Analysis Fund is an actively managed credit long/short fund that seeks to maximize total rate of return and minimize investment risk using a credit- based, relative value investment strategy. |
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- The strategy takes advantage of market anomalies and inefficiencies across a wide array of credit risk markets using opportunistic trading strategies
- The strategy identifies the differential pricing of credit risk across the municipal bond and corporate bond and preferred securities markets
- The Fund utilizes leverage to enhance returns
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Overview |
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| Category: |
Long/Short |
| Ticker Symbol: |
FLSRX |
| CUSIP: |
349913475 |
| Benchmark: |
Barclays Capital
U.S. Municipal Bond Index / Barclays Capital
U.S. Corp. High-Yield Bond Index |
| Inception: |
May 1, 2008 |
| Net Assets: |
$61.0 Million |
| Load Fee: |
No Load |
| Gross Expense Ratio: |
6.43% |
| Net Expense Ratio: |
5.52%1 |
| 30-Day SEC Yield: |
9.16% |
| The 30-Day SEC Yield is based on a 30-day period and is computed by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period. |
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Minimum Investment |
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| Initial: |
$4,000 |
| Initial–eDelivery: |
$2,000 |
| Initial–Automatic Investment Plan: |
$500 |
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1The gross expense of 6.43% and net expense of 5.52% includes 3.56% in interest expense on short sales. The Fund may also receive interest or dividend income on the proceeds of such short sales. The Fund’s investment advisor has contractually agreed to waive a portion of its management fees and reimburse other expenses until April 30, 2010, in amounts necessary to limit the Fund’s operating expenses (exclusive of the brokerage costs, interest, taxes, dividends, acquired fund fees and expenses, and extraordinary expenses) for Investor Class shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.95%.
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