Forward Management launched an institutional share class (no-load) for the Forward International Equity Fund on June 11. The nine-year-old fund was previously only available in investor class shares.

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Forward Management, LLC announced that it has launched an institutional share class (no-load) for the Forward International Equity Fund (Ticker: FFIEX). The fund, which has been available in investor class shares, (Ticker: FFINX) initially launched in October 1998 and invests in international large cap companies. The fund is sub-advised by Pictet Asset Management, a leader in international investing and a division of Pictet & Cie, a private Swiss bank founded in 1805. The fund currently has more than $53 million in net assets under management.

“Due to the demand from the institutional community, this is the fifth fund in the Forward family of funds that is available as an institutional share class,” said J. Alan Reid, president of Forward Management, LLC. “We are happy to be able to offer this new share class to both institutional and individual investors who are looking for an international fund that delivers alpha.”

The new institutional shares have a net expense ratio of .99%*, and a minimum initial investment of $100,000.

About Forward Management, LLC

Forward Management, LLC, based in San Francisco, is the investment advisor to the Forward Funds, a family of fourteen mutual funds. In addition, the firm offers a range of separately managed accounts from Forward Uniplan Advisors including REIT, Equity Income and Micro Cap. Forward Management is affiliated with ReFlow, an innovative liquidity service for portfolio managers, which is used by the Forward Funds and Sierra Club Mutual Funds, as well as other leading mutual funds.

Forward Management offers institutional money managers, financial advisors and individual investors access to industry leading investment managers, investment products and services. The firm specializes in identifying sub-advisors who have long track records of managing assets in specific investment disciplines and asset classes. More information on Forward Management and the Forward Funds can be found at www.forwardfunds.com.

You should consider the investment objectives, risks, charges and expenses of the Forward Funds carefully before investing. A prospectus with this and other information about the Funds may be obtained by calling (800) 999-6809 or by downloading one at www.forwardfunds.com. It should be read carefully before investing.

Foreign securities generally involve additional risks, social and political instability, reduced market liquidity and currency volatility.

**The Fund’s investment advisor has contractually agreed to waive a portion of its fees until January 1, 2008 in amounts necessary to limit the Fund’s operating expenses (exclusive of brokerage costs, interest, taxes, dividends and extraordinary expenses) for Institutional Class shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 0.99%.

Forward Funds are distributed by ALPS Distributors, Inc. © 2007 Forward Funds 

Edited by: Erin Kello


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