0000889188 ff5:S000023205Member ff5:NoLoadMember ff5:C000067565Member 2011-05-02 2012-05-01 0000889188 ff5:S000023205Member ff5:NoLoadMember ff5:C000067564Member 2011-05-02 2012-05-01 0000889188 ff5:S000023205Member ff5:ClassZSharesMember 2011-05-02 2012-05-01 0000889188 ff5:S000023205Member ff5:LoadMember 2011-05-02 2012-05-01 0000889188 ff5:S000023205Member ff5:LoadMember ff5:C000067566Member 2011-05-02 2012-05-01 0000889188 ff5:S000023205Member ff5:ClassZSharesMember ff5:C000078425Member 2011-05-02 2012-05-01 0000889188 ff5:S000023205Member ff5:NoLoadMember 2011-05-02 2012-05-01 0000889188 2011-05-02 2012-05-01 pure iso4217:USD 716 502 Examples Examples 978 448 Examples 0.0025 0.001 716 502 0.0025 978 448 Forward Funds Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) These Examples are intended to help you compare the costs of investing in Class Z shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs whether or not you redeemed your shares would be: These Examples are intended to help you compare the costs of investing in Class C shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated and then redeem all your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs would be: These Examples are intended to help you compare the costs of investing in Investor Class or Institutional Class shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs whether or not you redeemed your shares would be: 127 87 1582 1124 278 2129 1006 77 Other 2011-12-31 0000889188 false 2012-10-22 April 30, 2013 April 30, 2013 April 30, 2013 Restated to reflect current fees. Restated to reflect current fees. Restated to reflect current fees. You would pay the following expenses if you did not redeem your shares: 0.0132 0.0092 -0.0007 -0.0007 411 286 127 87 411 286 0.0182 -0.0007 566 178 566 0.0082 -0.0007 77 255 255 2012-10-22 2012-05-01 FORWARD FUNDS     Supplement dated October 22, 2012 to the   Summary Prospectus for Investor Class and Institutional Class Shares of the Forward Extended MarketPlus Fund (No-Load Summary Prospectus), Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund (Load Summary Prospectus), Forward Funds Investor Class and Institutional Class Prospectus (No-Load Prospectus), Forward Funds Class A, Class B, Class C and Class M Prospectus (Load Prospectus) and Forward Funds Class Z Prospectus (Class Z Prospectus)   each dated May 1, 2012, as supplemented   IMPORTANT NOTICE REGARDING CHANGES IN FEES AND EXPENSE LIMITS   The following information applies to the Forward Extended MarketPlus Fund only:   Accordingly, effective November 1, 2012, the following changes are made:   The Annual Fund Operating Expenses table and the Examples table for the Forward Extended MarketPlus Fund in the No-Load Summary Prospectus and the No-Load Prospectus are replaced to read as follows:   Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)(1)  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="76%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Investor Class</td><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Institutional Class</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Management Fee(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.50</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.50</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Distribution (12b-1) Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.25</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">N/A</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Shareholder Services Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.25</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.10</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Other Expenses(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.92</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Fee Waiver and/or Expense Reimbursement(2)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.07</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.07</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1.25</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.85</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(1)</td><td width="1%" valign="top"> </td><td align="left" valign="top">Restated to reflect current fees. </td><td width="4%"> </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(2)</td><td width="1%" valign="top"> </td><td align="left" valign="top">The Funds investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Funds operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Investor Class and Institutional Class shares to an annual rate (as a percentage of the Funds average daily net assets) of 1.25% and 0.85%, respectively. This expense limitation arrangement may not be terminated by the Funds investment advisor prior to such date under any circumstances. </td> <td width="4%"> </td></tr></table>   Examples These Examples are intended to help you compare the costs of investing in Investor Class or Institutional Class shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs whether or not you redeemed your shares would be:  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="77%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="4%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Investor Class</td><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Institutional Class</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">1 Year</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">127</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">87</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">3 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">411</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">286</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">5 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">716</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">502</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">10 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1,582</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1,124</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr></table>   The Annual Fund Operating Expenses table and the Examples table for the Forward Extended MarketPlus Fund in the Load Summary Prospectus and the Load Prospectus are replaced to read as follows:   Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)(1)  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class C</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Management Fee(1)</div></td> <td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.50</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Distribution (12b-1) Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.75</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Shareholder Services Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.25</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Other Expenses(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1.82</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Fee Waiver and/or Expense Reimbursement(2)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.07</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1.75</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(1)</td><td width="1%" valign="top"> </td><td align="left" valign="top">Restated to reflect current fees. </td><td width="4%"> </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(2)</td><td width="1%" valign="top"> </td><td align="left" valign="top">The Funds investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Funds operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Class C shares to an annual rate (as a percentage of the Funds average daily net assets) of 1.75%. This expense limitation arrangement may not be terminated by the Funds investment advisor prior to such date under any circumstances. </td> <td width="4%"> </td></tr></table>   Examples These Examples are intended to help you compare the costs of investing in Class C shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated and then redeem all your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs would be:  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class C</td><td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">1 Year</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">278</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">3 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">566</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">5 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">978</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">10 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">2,129</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr></table>   You would pay the following expenses if you did not redeem your shares:  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class C</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">1 Year</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">178</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">3 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">566</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">5 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">978</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">10 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">2,129</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr></table> The Annual Fund Operating Expenses table and the Examples table for the Forward Extended MarketPlus Fund in the Class Z Prospectus are replaced to read as follows:  Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)(1)  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class Z</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Management Fee(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.50</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Distribution (12b-1) Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">N/A</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Shareholder Services Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">N/A</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Other Expenses(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.82</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Fee Waiver and/or Expense Reimbursement(2)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.07</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.75</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(1)</td><td width="1%" valign="top"> </td><td align="left" valign="top">Restated to reflect current fees. </td><td width="4%"> </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(2)</td><td width="1%" valign="top"> </td><td align="left" valign="top">The Funds investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Funds operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Class Z shares to an annual rate (as a percentage of the Funds average daily net assets) of 0.75%. This expense limitation arrangement may not be terminated by the Funds investment advisor prior to such date under any circumstances. </td><td width="4%"> </td></tr></table>   Examples These Examples are intended to help you compare the costs of investing in Class Z shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs whether or not you redeemed your shares would be:  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="9%"></td><td></td><td></td><td></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class Z</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">1 Year</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">77</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">3 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">255</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">5 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">448</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">10 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1,006</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr></table>     ****   FORWARD FUNDS     Supplement dated October 22, 2012 to the   Summary Prospectus for Investor Class and Institutional Class Shares of the Forward Extended MarketPlus Fund (No-Load Summary Prospectus), Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund (Load Summary Prospectus), Forward Funds Investor Class and Institutional Class Prospectus (No-Load Prospectus), Forward Funds Class A, Class B, Class C and Class M Prospectus (Load Prospectus) and Forward Funds Class Z Prospectus (Class Z Prospectus)   each dated May 1, 2012, as supplemented   IMPORTANT NOTICE REGARDING CHANGES IN FEES AND EXPENSE LIMITS   The following information applies to the Forward Extended MarketPlus Fund only:   Accordingly, effective November 1, 2012, the following changes are made:   The Annual Fund Operating Expenses table and the Examples table for the Forward Extended MarketPlus Fund in the No-Load Summary Prospectus and the No-Load Prospectus are replaced to read as follows:   Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)(1)  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="76%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Investor Class</td><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Institutional Class</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Management Fee(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.50</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.50</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Distribution (12b-1) Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.25</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">N/A</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Shareholder Services Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.25</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.10</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Other Expenses(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.92</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Fee Waiver and/or Expense Reimbursement(2)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.07</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.07</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1.25</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.85</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(1)</td><td width="1%" valign="top"> </td><td align="left" valign="top">Restated to reflect current fees. </td><td width="4%"> </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(2)</td><td width="1%" valign="top"> </td><td align="left" valign="top">The Funds investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Funds operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Investor Class and Institutional Class shares to an annual rate (as a percentage of the Funds average daily net assets) of 1.25% and 0.85%, respectively. This expense limitation arrangement may not be terminated by the Funds investment advisor prior to such date under any circumstances. </td> <td width="4%"> </td></tr></table>   Examples These Examples are intended to help you compare the costs of investing in Investor Class or Institutional Class shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs whether or not you redeemed your shares would be:  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="77%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="4%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Investor Class</td><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Institutional Class</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">1 Year</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">127</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">87</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">3 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">411</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">286</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">5 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">716</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">502</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">10 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1,582</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1,124</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr></table> FORWARD FUNDS     Supplement dated October 22, 2012 to the   Summary Prospectus for Investor Class and Institutional Class Shares of the Forward Extended MarketPlus Fund (No-Load Summary Prospectus), Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund (Load Summary Prospectus), Forward Funds Investor Class and Institutional Class Prospectus (No-Load Prospectus), Forward Funds Class A, Class B, Class C and Class M Prospectus (Load Prospectus) and Forward Funds Class Z Prospectus (Class Z Prospectus)   each dated May 1, 2012, as supplemented   IMPORTANT NOTICE REGARDING CHANGES IN FEES AND EXPENSE LIMITS   The following information applies to the Forward Extended MarketPlus Fund only:   Accordingly, effective November 1, 2012, the following changes are made:   The Annual Fund Operating Expenses table and the Examples table for the Forward Extended MarketPlus Fund in the Load Summary Prospectus and the Load Prospectus are replaced to read as follows:   Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)(1)  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class C</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Management Fee(1)</div></td> <td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.50</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Distribution (12b-1) Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.75</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Shareholder Services Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.25</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Other Expenses(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1.82</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Fee Waiver and/or Expense Reimbursement(2)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.07</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1.75</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(1)</td><td width="1%" valign="top"> </td><td align="left" valign="top">Restated to reflect current fees. </td><td width="4%"> </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(2)</td><td width="1%" valign="top"> </td><td align="left" valign="top">The Funds investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Funds operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Class C shares to an annual rate (as a percentage of the Funds average daily net assets) of 1.75%. This expense limitation arrangement may not be terminated by the Funds investment advisor prior to such date under any circumstances. </td> <td width="4%"> </td></tr></table>   Examples These Examples are intended to help you compare the costs of investing in Class C shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated and then redeem all your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs would be:  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class C</td><td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">1 Year</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">278</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">3 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">566</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">5 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">978</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">10 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">2,129</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr></table>   You would pay the following expenses if you did not redeem your shares:  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class C</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">1 Year</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">178</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">3 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">566</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">5 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">978</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">10 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">2,129</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr></table> FORWARD FUNDS     Supplement dated October 22, 2012 to the   Summary Prospectus for Investor Class and Institutional Class Shares of the Forward Extended MarketPlus Fund (No-Load Summary Prospectus), Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund (Load Summary Prospectus), Forward Funds Investor Class and Institutional Class Prospectus (No-Load Prospectus), Forward Funds Class A, Class B, Class C and Class M Prospectus (Load Prospectus) and Forward Funds Class Z Prospectus (Class Z Prospectus)   each dated May 1, 2012, as supplemented   IMPORTANT NOTICE REGARDING CHANGES IN FEES AND EXPENSE LIMITS   The following information applies to the Forward Extended MarketPlus Fund only:   Accordingly, effective November 1, 2012, the following changes are made:   The Annual Fund Operating Expenses table and the Examples table for the Forward Extended MarketPlus Fund in the Class Z Prospectus are replaced to read as follows:  Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)(1)  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="4%"></td><td></td><td></td><td valign="bottom" width="5%"></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class Z</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Management Fee(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.50</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Distribution (12b-1) Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">N/A</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Shareholder Services Fees</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">N/A</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Other Expenses(1)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.32</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.82</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Fee Waiver and/or Expense Reimbursement(2)</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.07</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000"> </td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">0.75</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">% </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(1)</td><td width="1%" valign="top"> </td><td align="left" valign="top">Restated to reflect current fees. </td><td width="4%"> </td></tr></table>  <table style="border-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td width="5%"> </td><td width="3%" valign="top" align="left">(2)</td><td width="1%" valign="top"> </td><td align="left" valign="top">The Funds investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Funds operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Class Z shares to an annual rate (as a percentage of the Funds average daily net assets) of 0.75%. This expense limitation arrangement may not be terminated by the Funds investment advisor prior to such date under any circumstances. </td><td width="4%"> </td></tr></table>   Examples These Examples are intended to help you compare the costs of investing in Class Z shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated. The Examples also assume that your investment has a 5% return each year, that the Funds total annual operating expenses remain the same, and that the contractual fee waiver/reimbursement is in place for the first year. Although actual costs may be higher or lower, based on these assumptions your costs whether or not you redeemed your shares would be:  <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-COLLAPSE:COLLAPSE" align="center"><tr><td width="88%"></td><td valign="bottom" width="9%"></td><td></td><td></td><td></td></tr><tr><td valign="bottom"> </td><td valign="bottom">  </td><td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Class Z</td><td valign="bottom"> </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">1 Year</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">77</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">3 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">255</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr bgcolor="#cceeff"><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">5 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">448</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr><tr><td valign="top" style="border-BOTTOM:1px solid #000000"> <div style="margin-left:0.60em">10 Years</div></td><td valign="bottom" style="border-BOTTOM:1px solid #000000">  </td><td valign="bottom" style="border-BOTTOM:1px solid #000000">$</td><td valign="bottom" style="border-BOTTOM:1px solid #000000" align="right">1,006</td><td nowrap="nowrap" valign="bottom" style="border-BOTTOM:1px solid #000000">  </td></tr></table>    ****   0.005 0.005 0.0025 0.0032 0.0032 0.0125 0.0085 1582 1124 0.005 0.0075 0.0032 0.0175 2129 0.005 0.0032 0.0075 1006 Restated to reflect current fees. The Fund's investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Fund's operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Investor Class and Institutional Class shares to an annual rate (as a percentage of the Fund's average daily net assets) of 1.25% and 0.85%, respectively. This expense limitation arrangement may not be terminated by the Fund's investment advisor prior to such date under any circumstances. The Fund's investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Fund's operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Class C shares to an annual rate (as a percentage of the Fund's average daily net assets) of 1.75%. This expense limitation arrangement may not be terminated by the Fund's investment advisor prior to such date under any circumstances. The Fund's investment advisor is contractually obligated to waive a portion of its fees and reimburse other expenses until April 30, 2013, in amounts necessary to limit the Fund's operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired funds fees and expenses, and extraordinary expenses) for Class Z shares to an annual rate (as a percentage of the Fund's average daily net assets) of 0.75%. This expense limitation arrangement may not be terminated by the Fund's investment advisor prior to such date under any circumstances.