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Forward Funds

Forward International Fixed Income Fund

Class A

Performance
Updated as of:
June 30, 2008
 
 
 

Fund Performance

   
 
   
 

The performance quoted represents past performance, does not guarantee future results and current performance may be lower or higher than the data quoted. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The returns assume reinvestment of dividends and distributions, if any. Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance data current to the most recent month end may be obtained at www.forwardfunds.com.The Citigroup World BIG (Broad Investment-Grade) Bond ex-U.S. Index is a market capitalization weighted index that tracks the performance of international fixed rate bonds that have remaining maturities of one year or longer and that are rated BBB-/Baa3, or better, by S&P or Moody’s, respectively. This index excludes the U.S. and is unhedged USD.The Merrill Lynch European Currency High Yield Index tracks the performance of below investment grade sterling, euro and euro legacy currency denominated bonds of corporate issuers domiciled in countries having an investment grade foreign currency long-term debt rating based on a composite of Moody’s and S&P. This index is unhedged USD.The JPMorgan GBI-EM (Government Bond Index-Emerging Markets) Global Diversified is a comprehensive global local emerging markets index that consists of regularly traded, liquid fixed-rate, domestic currency government bonds and includes only the countries that give access to their capital market to foreign investors (excludes China, India, and Thailand). The index is market capitalization weighted, with a cap of 10% to any one country. This index is unhedged USD. The index figures do not reflect any deduction for fees, expenses or taxes. It is not possible to invest directly in an index.

Foreign securities, especially emerging markets, involve additional risks including exchange rate fluctuations, social and political instability, liquidity, great volatility and less regulation.

 

Growth of $10,000

 
   
 
   
  The chart above shows how a hypothetical investment of $10,000 in the Fund at its inception would have performed versus an investment in the Fund's benchmark index. The values indicate what $10,000 would have grown to over the time period indicated. The hypothetical example does not represent the returns of any particular investment.
  Class: A
Change to: Institutional
Change to: Investor
Change to: Class C
   
Overview
Category: Foreign Fixed Income
Ticker Symbol: FFXAX
CUSIP: 349913673
Benchmarks:1 Citigroup World BIG Bond ex-U.S. Index and Blended Benchmark (60% Citigroup World BIG ex-U.S. Index/20% Merrill Lynch European Currency High Yield Index/20% JP Morgan GBI-EM Global Diversified Composite)
Inception: October 5, 2007
Net Assets: $4.3 Million
Load Fee: 3.75%
Dealer Concession: 3.25%2
Trail: 0.25%3
Gross Expense Ratio: 2.00%
Net Expense Ratio: 1.34%4
Minimum Investment
Initial: $4,000
Initial–eDelivery: $2,000
Initial–Automatic Investment Plan:
$500
Statistics
Average Maturity (years): 3.62
Modified Duration: 4.83
Convexity: 0.59
Weighted Avg. YTM: 5.83
Weighted Avg. Coupon: 3.74
Weighted Avg. Credit Quality: A

1Unhedged USD

2Maximum concession allowed—see prospectus for more details.

3Additional maximum of 0.20% may be allowable under the Shareholder Services Plan.

4The Fund’s investment advisor has contractually agreed to waive a portion of its fees and reimburse other expensees until April 30, 2009, in amounts necessary to limit the Fund’s operating expenses (exclusive of brokerage costs, interest, taxes, dividends, and extraordinary expenses) for Class A shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.34%.

 
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