0001193125-12-416359.txt : 20121005 0001193125-12-416359.hdr.sgml : 20121005 20121005114536 ACCESSION NUMBER: 0001193125-12-416359 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121005 DATE AS OF CHANGE: 20121005 EFFECTIVENESS DATE: 20121005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Forward Funds CENTRAL INDEX KEY: 0000889188 IRS NUMBER: 232696899 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-48940 FILM NUMBER: 121131382 BUSINESS ADDRESS: STREET 1: 101 CALIFORNIA STREET STREET 2: SUITE 1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 800-232-0224 MAIL ADDRESS: STREET 1: 101 CALIFORNIA STREET STREET 2: SUITE 1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER COMPANY: FORMER CONFORMED NAME: HOMESTATE GROUP DATE OF NAME CHANGE: 19920929 0000889188 S000001216 Forward Small Cap Equity Fund C000003309 Class A FFHAX 0000889188 S000001222 Forward Focus Fund C000003319 Class A FFLMX 0000889188 S000001224 Forward International Small Companies Fund C000003322 Class A FFIAX 0000889188 S000023205 Forward Extended MarketPlus Fund C000067566 Class C ACSMX 497 1 d419847d497.htm FORM 497 XBRL Form 497 XBRL

Forward Funds

101 California Street, 16th Floor

San Francisco, California 94111

October 5, 2012

Securities and Exchange Commission

Division of Investment Management

100 F Street, N.E.

Washington, D.C. 20549-1520

 

RE:     Forward Funds (“Registrant”)

File Nos: 033-48940

 811-06722

On behalf of the Registrant and pursuant to Rule 497(c) under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in a supplement, dated September 28, 2012, to the Prospectus dated May 1, 2012, for Class A, Class B, Class C and Class M shares of the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (collectively, the “Funds”). The purpose of the filing is to submit the 497(c) filing dated September 28, 2012 in XBRL for the Funds.

If you have any questions regarding this filing, please contact Erin Douglas, Vice President and Sr. Associate Counsel with the Registrant’s service provider, ALPS Fund Services, Inc., at (720) 917-0602.

Sincerely,

 

/s Mary Curran

  
Mary Curran   
Secretary   
EX-101.INS 2 ff3-20120928.xml XBRL INSTANCE DOCUMENT 0000889188 2011-05-02 2012-05-01 0000889188 ff3:S000001216Member 2011-05-02 2012-05-01 0000889188 ff3:S000001222Member 2011-05-02 2012-05-01 0000889188 ff3:S000001224Member 2011-05-02 2012-05-01 0000889188 ff3:S000023205Member 2011-05-02 2012-05-01 2012-05-01 Other false 2011-12-31 Forward Funds 0000889188 2012-09-28 2012-09-28 <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="5"><b>FORWARD FUNDS </b></font></p> <p style="BORDER-BOTTOM: #000000 0.5pt solid; LINE-HEIGHT: 3px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Extended MarketPlus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Focus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward International Small Companies Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Small Cap Equity Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Supplement dated September 28, 2012 </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><i>Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class&nbsp;A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class&nbsp;A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information </i></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>each dated May&nbsp;1, 2012, as supplemented </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2"><b>The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only: </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i)&nbsp;the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class&nbsp;shares of the same Fund; and (ii)&nbsp;the termination of the Converting Shares as share classes of each Fund (the "Termination"). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1)&nbsp;redeem their Converting Shares prior to the Conversion Date, or (2)&nbsp;contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="5"><b>FORWARD FUNDS </b></font></p> <p style="BORDER-BOTTOM: #000000 0.5pt solid; LINE-HEIGHT: 3px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Extended MarketPlus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Focus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward International Small Companies Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Small Cap Equity Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Supplement dated September 28, 2012 </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><i>Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class&nbsp;A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class&nbsp;A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information </i></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>each dated May&nbsp;1, 2012, as supplemented </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2"><b>The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only: </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i)&nbsp;the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class&nbsp;shares of the same Fund; and (ii)&nbsp;the termination of the Converting Shares as share classes of each Fund (the "Termination"). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1)&nbsp;redeem their Converting Shares prior to the Conversion Date, or (2)&nbsp;contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="5"><b>FORWARD FUNDS </b></font></p> <p style="BORDER-BOTTOM: #000000 0.5pt solid; LINE-HEIGHT: 3px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Extended MarketPlus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Focus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward International Small Companies Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Small Cap Equity Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Supplement dated September 28, 2012 </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><i>Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class&nbsp;A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class&nbsp;A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information </i></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>each dated May&nbsp;1, 2012, as supplemented </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2"><b>The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only: </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i)&nbsp;the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class&nbsp;shares of the same Fund; and (ii)&nbsp;the termination of the Converting Shares as share classes of each Fund (the "Termination"). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1)&nbsp;redeem their Converting Shares prior to the Conversion Date, or (2)&nbsp;contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="5"><b>FORWARD FUNDS </b></font></p> <p style="BORDER-BOTTOM: #000000 0.5pt solid; LINE-HEIGHT: 3px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Extended MarketPlus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Focus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward International Small Companies Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Small Cap Equity Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Supplement dated September 28, 2012 </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><i>Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class&nbsp;A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class&nbsp;A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information </i></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>each dated May&nbsp;1, 2012, as supplemented </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2"><b>The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only: </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i)&nbsp;the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class&nbsp;shares of the same Fund; and (ii)&nbsp;the termination of the Converting Shares as share classes of each Fund (the "Termination"). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1)&nbsp;redeem their Converting Shares prior to the Conversion Date, or (2)&nbsp;contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="5"><b>FORWARD FUNDS </b></font></p> <p style="BORDER-BOTTOM: #000000 0.5pt solid; LINE-HEIGHT: 3px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Extended MarketPlus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Focus Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward International Small Companies Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Forward Small Cap Equity Fund </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>Supplement dated September 28, 2012 </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>to the </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><i>Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class&nbsp;A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class&nbsp;A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information </i></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>each dated May&nbsp;1, 2012, as supplemented </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font style="FONT-FAMILY: arial" size="2"><b>NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2"><b>The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only: </b></font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i)&nbsp;the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class&nbsp;shares of the same Fund; and (ii)&nbsp;the termination of the Converting Shares as share classes of each Fund (the "Termination"). </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares. </font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -6px">&nbsp;</p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: arial" size="2">Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1)&nbsp;redeem their Converting Shares prior to the Conversion Date, or (2)&nbsp;contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. 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FORWARD FUNDS

 

 

Forward Extended MarketPlus Fund

Forward Focus Fund

Forward International Small Companies Fund

Forward Small Cap Equity Fund

 

Supplement dated September 28, 2012

to the

 

Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information

 

each dated May 1, 2012, as supplemented

 

NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND

 

The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only:

At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i) the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class shares of the same Fund; and (ii) the termination of the Converting Shares as share classes of each Fund (the "Termination").

 

Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts.

 

Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales.

 

The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund.

 

No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares.

 

Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1) redeem their Converting Shares prior to the Conversion Date, or (2) contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction.

 

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XML 13 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName Forward Funds
Prospectus Date rr_ProspectusDate May 01, 2012
Supplement [Text Block] ff3_SupplementTextBlock

FORWARD FUNDS

 

 

Forward Extended MarketPlus Fund

Forward Focus Fund

Forward International Small Companies Fund

Forward Small Cap Equity Fund

 

Supplement dated September 28, 2012

to the

 

Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information

 

each dated May 1, 2012, as supplemented

 

NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND

 

The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only:

At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i) the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class shares of the same Fund; and (ii) the termination of the Converting Shares as share classes of each Fund (the "Termination").

 

Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts.

 

Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales.

 

The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund.

 

No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares.

 

Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1) redeem their Converting Shares prior to the Conversion Date, or (2) contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction.

 

Forward Small Cap Equity Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ff3_SupplementTextBlock

FORWARD FUNDS

 

 

Forward Extended MarketPlus Fund

Forward Focus Fund

Forward International Small Companies Fund

Forward Small Cap Equity Fund

 

Supplement dated September 28, 2012

to the

 

Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information

 

each dated May 1, 2012, as supplemented

 

NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND

 

The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only:

At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i) the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class shares of the same Fund; and (ii) the termination of the Converting Shares as share classes of each Fund (the "Termination").

 

Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts.

 

Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales.

 

The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund.

 

No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares.

 

Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1) redeem their Converting Shares prior to the Conversion Date, or (2) contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction.

 

Forward Focus Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ff3_SupplementTextBlock

FORWARD FUNDS

 

 

Forward Extended MarketPlus Fund

Forward Focus Fund

Forward International Small Companies Fund

Forward Small Cap Equity Fund

 

Supplement dated September 28, 2012

to the

 

Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information

 

each dated May 1, 2012, as supplemented

 

NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND

 

The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only:

At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i) the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class shares of the same Fund; and (ii) the termination of the Converting Shares as share classes of each Fund (the "Termination").

 

Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts.

 

Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales.

 

The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund.

 

No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares.

 

Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1) redeem their Converting Shares prior to the Conversion Date, or (2) contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction.

 

Forward International Small Companies Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ff3_SupplementTextBlock

FORWARD FUNDS

 

 

Forward Extended MarketPlus Fund

Forward Focus Fund

Forward International Small Companies Fund

Forward Small Cap Equity Fund

 

Supplement dated September 28, 2012

to the

 

Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information

 

each dated May 1, 2012, as supplemented

 

NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND

 

The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only:

At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i) the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class shares of the same Fund; and (ii) the termination of the Converting Shares as share classes of each Fund (the "Termination").

 

Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts.

 

Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales.

 

The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund.

 

No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares.

 

Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1) redeem their Converting Shares prior to the Conversion Date, or (2) contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction.

 

Forward Extended MarketPlus Fund
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ff3_SupplementTextBlock

FORWARD FUNDS

 

 

Forward Extended MarketPlus Fund

Forward Focus Fund

Forward International Small Companies Fund

Forward Small Cap Equity Fund

 

Supplement dated September 28, 2012

to the

 

Summary Prospectus for Class C Shares of the Forward Extended MarketPlus Fund, Summary Prospectus for Class A and Class C Shares of the Forward Focus Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward International Small Companies Fund, Summary Prospectus for Class A, Class C and Class M Shares of the Forward Small Cap Equity Fund, Forward Funds Class A Shares, Class B Shares, Class C Shares and Class M Shares Prospectus, and Forward Funds Statement of Additional Information

 

each dated May 1, 2012, as supplemented

 

NOTICE OF TERMINATION OF CLASS A SHARES OF THE FORWARD FOCUS FUND, FORWARD INTERNATIONAL SMALL COMPANIES FUND AND FORWARD SMALL CAP EQUITY FUND, AND CLASS C SHARES OF THE FORWARD EXTENDED MARKETPLUS FUND

 

The following information applies to the Forward Extended MarketPlus Fund, Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund (each a "Fund" and collectively, the "Funds") only:

At a meeting of the Board of Trustees of Forward Funds (the "Trust") held on September 12-13, 2012, the Trustees, including all of the Trustees who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended), approved, on behalf of the Funds: (i) the automatic conversion (the "Conversion") of all outstanding Class A shares of the Forward Focus Fund, Forward International Small Companies Fund and Forward Small Cap Equity Fund and all outstanding Class C shares of the Forward Extended MarketPlus Fund (the "Converting Shares") into Investor Class shares of the same Fund; and (ii) the termination of the Converting Shares as share classes of each Fund (the "Termination").

 

Effective as of the close of business on September 28, 2012, in anticipation of the Conversion and the Termination, Converting Shares of each of the Funds will no longer be sold to new investors or existing shareholders (except through reinvested dividends and automatic investment plans) or be eligible for exchanges from other Forward Funds. In addition, Converting Shares of each of the Funds will be closed to all new accounts.

 

Distribution and Service (Rule 12b-1) Fees will continue to be paid on behalf of the Converting Shares of each of the Funds until the date of the Conversion. These Fees are paid for ongoing shareholder services, to compensate brokers for past sales and to reimburse the Funds' distributor for commissions paid in connection with past sales.

 

The Conversion is expected to occur on or about November 30, 2012 or on such later date as the officers of the Trust determine (the "Conversion Date"). As of the close of business on the Conversion Date, each shareholder of Converting Shares of a Fund will automatically become the owner of the number of corresponding full and fractional Investor Class shares of the same Fund, having an equal aggregate net asset value. On or shortly after the Conversion Date, Converting Shares of each Fund will be terminated as a share class of each Fund.

 

No sales load, commission or other transactional fee will be imposed as a result of the Conversion. In addition, it is anticipated that Fund shareholders will not recognize a taxable gain or loss on the conversion of their Converting Shares for Investor Class shares, and that Fund shareholders will have the same aggregate tax basis in Investor Class shares received pursuant to the Conversion as in their Converting Shares.

 

Holders of Converting Shares of a Fund who determine that they do not wish to have their shares automatically converted into Investor Class shares of the same Fund may: (1) redeem their Converting Shares prior to the Conversion Date, or (2) contact the Trust or their broker, financial intermediary or other financial institution prior to the Conversion Date to discuss other options available to them. Please note that a redemption of shares of a Fund will be a taxable event and a shareholder may recognize a gain or loss in connection with that transaction.

 

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