Forward Credit Analysis Long/Short Fund Institutional Class (FLSIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Nontraditional bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to maximize total return (capital appreciation and income). The fund invests primarily in a portfolio of municipal bonds, corporate bonds, notes and other debentures, U.S. Treasury and Agency securities, sovereign debt, emerging markets debt, variable rate demand notes including tender option bonds, floating rate or zero coupon securities and nonconvertible preferred securities that are actively traded in the public markets. It may invest in derivatives to seek to achieve investment returns consistent with the fund's investment objective and for hedging purposes. The fund is non-diversified.


1 month+1.21% 3 years+1.31%
3 months+2.18% 5 years+3.52%
1 year+7.43% Since inception+5.93%
Data through --

Peer Comparisonvs. Nontraditional bond

Performance 5-yr return+3.52%+3.38%
Expense ratio1.50%1.39%
Risk 5 year sharpe ratio0.541.01
Net assets$100.6M$1.4B
Average market cap--$26.8B
Average P/E--15.3
Portfolio turnover125%125%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyForward Funds
Fund manager & tenureJoseph Deane / 1 Years
Minimal initial investment$100,000.00
Minimum IRA investment--


Fixed income83.07%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Texas St Pub Fin Auth 8.25%7.41%
-- Illinois St Go Bds 5%5.08%
-- New York N Y City Indl Dev Agy Rev Bd 8%4.87%
-- New York St Dorm Auth 5%4.31%
-- New York N Y City Transitional Future 5%4.24%
-- New York N Y City Indl Dev Agy Rev 7.75%4.04%
-- Tobacco Settlement Auth 6.5%3.38%
-- Tobacco Settlement Fing Corp L Ref 5.5%3.32%
-- California Cnty Calif Tob Secu Asset Bac3.24%
-- Buckeye Ohio Tob Settlement Fi Toba 6.5%3.13%

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.