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Forward Legato Fund

Investor Class

Investment Strategy
Updated as of:
September 30, 2008
 
 
 
  Investment Process
  The Fund's assets are currently allocated among three sub-advisors, each of which act independently of the other and uses its own methodology to select portfolio investments.
 
  Netols Asset Management utilizes a value approach to investing:
 
The process is bottom-up, with a focus on the inefficient and under-followed areas of the stock market
Stock selection reflects the belief that changes in the financial, organizational, or operational management of a company create significant opportunities for investment outperformance over time
  Riverbridge Partners believes earnings power determines the value of a franchise:
 
They focus on companies that are building their earnings power and building the intrinsic value of the company
They invest in high-quality growth companies that demonstrate the ability to sustain strong secular earnings growth, regardless of overall economic conditions
  Conestoga Capital Advisors utilizes a core investment strategy based upon three principles:
 
Invest in well-managed companies capable of growing through multiple business cycles
Purchase companies at reasonable valuations relative to their internal growth rates
Permit compounding of returns to attempt to generate solid long-term performance relative to the Russell 2000 Index
  Class: Investor
Change to: Institutional
Change to: Class A
   
Overview
Category: Small Capitalization
Ticker Symbol: FLFRX
CUSIP: 34987A624
Benchmark: Russell 2000 Index
Inception: October 21, 2008
Net Assets: $1.0 Million
Load Fee: No Load
Gross Expense Ratio: 1.69%
Net Expense Ratio: 1.69%
Minimum Investment
Initial: $4,000
Initial–eDelivery: $2,000
Initial–Automatic Investment Plan:
$500
   
The Forward Legato Fund is not registered for sale in all states. Click here for blue sky information on the fund.
Statistics
Price/Book:* 2.25
Price/Earnings:* 17.69
EPS Growth Rate:* 17.6%
Long-Term Debt-to-Equity:* 59.2%
Weighted Average Market Capitalization:* $1.12 Billion
Median Market
Capitalization:*
$1.08 Billion
Number of Holdings: 159
Annualized Turnover: 34.46%

*Data refers to the Fund’s holdings and not to the Fund itself.

Price/Book Ratio and Price/Earnings represent equity securities within the Fund’s portfolio, and are not intended to demonstrate Fund growth income earned by the Fund, or distributions made by the Fund.

EPS Growth Rate represents the Fund's annual percentage growth rate of earnings per share over the trailing 3-year period.

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