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 Fund Performance
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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 Fund’s benchmark index is the S&P 500 Index (adjusted
to reflect the reinvestment of dividends). The S&P 500 Index
is an index that consists of 500 stocks chosen for market size,
liquidity and industry group representation. It is an unmanaged,
market-value weighted index and one of the most widely used benchmarks
of U.S. stock performance. Investors cannot invest directly in
an index. |
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 Growth of $10,0001
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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.
1Prior to January
1, 2003, the Fund was managed by a different sub-advisor and was not
subject to the Sierra Club's environmental and social guidelines. |
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