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Forward Funds

Forward International Fixed Income Fund

Class C

Portfolio
Updated as of:
June 30, 2008
 
 
 
 
Non-diversified portfolio of fixed income securities of companies and governments located outside the United States
  • Investing in foreign currencies from developed and emerging market countries
  • Investing in investment grade, non-U.S. corporate bonds
  • Investing in high yield non-U.S. corporate bonds
  • Investing in emerging market government or corporate bonds for which issues are denominated local currencies or currencies or economically and politically stable industrialized nations, including U.S. and non-U.S. currencies
  • Taking long or short positions on government bonds
Seeks to offer exposure to non-U.S. dollar denominated fixed income securities of non-U.S. issuers and derivatives
Normally will invest its assets among at least fifteen, but not fewer than eight, countries throughout the world, including countries considered to be emerging market countries (up to 25% of net assets)
 
 
Porfolio Holdings
Forward Funds provides investors access to each Fund’s full portfolio holdings (as of month-end) on the 21st day of the following month or if the 21st is not a business day, on the next following business day.
   
  These holdings may not reflect the current or future position of the portfolio.
 
  Regional Allocation
 
 
These allocations may not reflect the current or future position of the portfolio.
 
  Sector Allocation
 
   
These allocations may not reflect the current or future position of the portfolio.
  Credit Allocation
 
   
These allocations may not reflect the current or future position of the portfolio.
 
 
   
  Class: C
Change to: Investor
Change to: Institutional
Change to: Class A
   
Overview
Category: Foreign Fixed Income
Ticker Symbol: FFXCX
CUSIP: 349913665
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: No Load
Dealer Concession: 1.00%2,3
Trail: 1.00%4
Gross Expense Ratio: 2.55%
Net Expense Ratio: 1.89%5
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

1 Unhedged USD

2Maximum concession allowed. See prospectus for more details.

3Maximum deferred sales charge for shares held less than two years in 1.00%.

4Begins after the 24th month.

5The Fund’s investment advisor has contractually agreed to waive a portion of its fees and reimburse other expenses, until April 30, 2009, in amounts necessary to limit the Fund’s operating expenses (exclusive of brokerage costs, interest, taxed, dividends, and extraordinary expenses) for Class C shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.89%.

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