DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 7.46
Category Nontraditional Bond
Net Assets 39.79 Mil
Yield 4.98%
Morningstar Risk High
Morningstar Return Average
  • Last NAV update 8/21/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
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.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 4.17% 5.83% 13.96% -14.42% 7.14%
Value ($) 10,417.09 11,024.01 12,562.82 10,751.41 11,519.25
  • Year to date performance as of 8/21/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Forward Funds
Fund Manager Joseph Deane
Tenure (Years) 1
Fund Status Open
Minimum Initial Purchase 4,000.00
Minimum IRA Investment NA
Front Load 0.00
Expense Ratio 1.97%
PERFORMANCE
Symbol Value ($)
1 Month 0.27%
3 Months 0.44%
1 Year 2.12%
3 Years* 2.08%
5 Years* 5.06%
  • * Annualized returns
  • Performance as of 8/21/2014 12:00 AM ET
PEER COMPARISON
  FLSRX Nontraditional Bond
5-Yr Return 5.06% 4.94%
Sharpe Ratio 0.26 2.27
Net Assets 39.79 Mil 462.28 Mil
Avg Market Cap NA 35.18 Bil
Avg P/E NA 12.20
Portfolio Turnover 125 183
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 16.48%
Fixed Income 83.59%
Other 0.00%
TOP 10 HOLDINGS
NAME % NET ASSETS
New York St Dorm Auth 5% 9.16%
Railsplitter Tob Settlement Au Toba 5.5% 8.25%
California St Go Bds 6.2% 7.39%
New York N Y City Indl Dev Agy Rev Bd 8% 6.51%
New York N Y City Indl Dev Agy Rev 7.75% 5.45%
US Treasury Bill 5.10%
Tobacco Settlement Fing Corp L Ref 5.5% 4.32%
Tobacco Settlement Auth 6.5% 4.31%
South Carolina St Pub Svcs Aut Rev 5.5% 4.30%
California Cnty Calif Tob Secu Asset Bac 4.18%
DATA PROVIDERS

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