Forward Credit Analysis Long/Short Instl

The investment seeks to maximize total return (capital appreciation and income).
The fund invests primarily in a portfolio of municipal bonds, corporate bonds, notes and other debentures, U.S. Treasury and Agency securities, sovereign debt, emerging markets debt, variable rate demand notes including tender option bonds, floating rate or zero coupon securities and nonconvertible preferred securities that are actively traded in the public markets. It may invest in derivatives to seek to achieve investment returns consistent with the fund's investment objective and for hedging purposes. The fund is non-diversified.

Key stats

Management firm  Forward Funds
Domicile  United States
Fund Administrator  ALPS Fund Services, Inc.
Global Branding Name  Forward
12 month yield  5.53%
Fund currency  USD
Launch Date  2008-05-01
ISIN  US3499135339
SEDOL  B6VNJY6
Manager 1 Name  Joseph Deane
Fund Strategy  Nontraditional Bond
Benchmark  Barclays Municipal TR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-06-30
Return - 1 Month  0.00%
Return - 2 Months  1.78 %
Return - 3 Months  2.48%
Return - 6 Months  7.14 %
Return - 9 months  4.19 %
Return - 12 Months  -4.44%
Annualized return 24 months  -1.71 %
Annualized return 36 months  2.16 %
Annualized return 48 months  2.76 %
Annualized return 60 months  6.97 %
Return 120 months  0.00 %
Annualized return since Inception  6.06%
Return YTD  7.14%

Ratings

Morning Star Rating Date   2014-06-30
Morning Star Rating - 36 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - 60 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - Overall  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating

Charges

Initial  0.00 %
Minimum Investment  $100,000
Maximum Managment Charge  1.00 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Forward Funds
Contact country  United States
Fund Admin Group  Forward Funds
Web Address  www.forwardinvesting.com
Custodian  Citibank, N.A.
Phone  800-999-6809

Price

Last Price Date  2014-07-17
Pre-tax nav  7.37
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.01
Price change (percentage)  0.14 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

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