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Forward Funds

Net Asset Values

Investor Class
     
   
actively managed niche asset classes domestic and foreign
 
 
Shareholder Shareholder A and C Shares
 
   
 
Net Asset Values as of 09/04/2008   NAV CHANGE
             
  Forward Asia Ex-Japan Equities Fund FFAEX 6.76   -0.07  
             
  Forward Eastern Europe Equities Fund FEEEX 6.76   -0.07  
             
  Forward Emerging Markets Fund PGERX 19.28   -0.68  
             
  Forward International Equity Fund FFINX
14.25
 
-0.62
 
             
  Forward International Fixed Income Fund FFXRX
9.85
 
-0.06
 
             
  Forward International Small Companies Fund PISRX 13.86   -0.53  
             
  Forward Long/Short Credit Analysis Fund FLSRX 7.38   0.02  
             
  Forward Mini-Cap Fund FFHMX
15.37
 
-0.45
 
             
  Forward Progressive Real Estate Fund FFREX
13.95
 
-0.33
 
             
  Forward Small Cap Equity Fund FFSCX
17.79
 
-0.55
 
             
  Sierra Club Stock Fund SCFSX
9.53
 
-0.32
 
             
 
   
 
 
 
 
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Forward Funds are distributed by ALPS Distributors, Inc.
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