Morningstar elevates Forward Banking & Finance Fund to Five Stars.
Nov 10, 2008 | Morningstar
November 5, 2008
Morningstar Issues Five Stars to
Forward Banking & Finance Fund
Only 10% of mutual funds assigned by Morningstar to its Specialty-Financial fund category have earned the top rating of five stars. The Forward Banking & Finance Fund was elevated from four to five stars for its ten year and overall rating. Only 22.5% of category funds possess a four star rating which this fund holds for both the three and five year periods.
Kenneth G. Mertz manages the fund at Emerald Mutual Fund Advisers Trust who serves as sub-advisor to Forward Funds.
| Forward Banking and Finance A HSSAX |  | |
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See Fund Family Data  |  | |
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| Morningstar Rating (Relative to Category) | 10-31-08 |
| Morningstar Return | Morningstar Risk | Morningstar RatingTM | |
| 3-Year | Average | Below Average |  |
| 5-Year | Above Average | Below Average | |
| 10-Year | High | Below Average |  |
| Overall | Above Average | Below Average | |
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| Morningstar Category: Specialty-Financial | Click here to see our Methodology | ||
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| S&P 500 index data: S&P 500 Copyright © 2008 |
The performance data quoted represent past performance, do not guarantee future results and current performance may be lower or higher than quoted. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The returns assume reinvestment of dividends and distributions, if any. Performance data current to the most recent month-end may be obtained at www.forwardfunds.com. The Fund's benchmark, the Russell 2000 Index, measures the performance of the 2,000 smallest companies in the Russell 3000 Index. The Russell 3000 Index represents approximately 98% of the investable U.S. equity market. The index is adjusted to reflect reinvestment of dividends. It is not possible to invest directly in an index. The index figures do not reflect any deduction for fees, expenses or taxes. Fund inception is February 18, 1997. Prior to October 20, 1998 the Fund was named the HomeState Select Opportunities Fund and pursued a different objective. As of May 1, 2005, Forward Management became the Investment Advisor and Emerald Mutual Fund Advisers Trust remains the Sub-Advisor to the Fund.
