>Managed by Cedar Ridge Partners, LLC
Institutional Class
Performance
Updated as of:
September 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.
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.
Lehman Bros.
U.S. Municipal Index/Lehman Bros.
U.S. Corp. High Yield Index
Inception:
May 1, 2008
Net Assets:
$0.9 Million
Load Fee:
No Load
Gross Expense Ratio:
8.41%
Net Expense Ratio:
1.49%1
Minimum Investment
Initial:
$100,000
1The Fund’s investment advisor has contractually agreed to waive a portion of its management fees and reimburse other expenses until April 30, 2009, in amounts necessary to limit the Fund’s operating expenses (exclusive of the brokerage costs, interest, taxes, dividends and extraordinary expenses) for Institutional Class shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.49%.
Fund Performance
Growth of $10,000
