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The unique, actively managed fixed income fund offers exposure primarily to non-U.S. dollar denominated fixed income securities of non-U.S. issuers and derivates. |
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- An absolute return approach—the Forward International Fixed Income Fund offers investors exposure to non-U.S. dollar denominated fixed income securities
- A non-diversified portfolio which consists of fixed income securities of companies and governments located outside the U.S., including emerging markets
- The Fund may enter into forward foreign currency exchange contracts to "lock in" an exchange rate to reduce the risks of fluctuating exchange rates and to generate returns uncorrelated to the other strategies employed
- The portfolio is constructed to diversify risks across a number of fixed income strategies, each with defined risk and expected return contributions
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  PDF Fund
Fact Sheet |
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Overview |
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| Category: |
World Bond |
| Ticker Symbol: |
FFXRX |
| CUSIP: |
349913657 |
Benchmarks:1
Citigroup World BIG Bond ex-U.S. Index and Blended Benchmark (60% Citigroup World BIG ex-U.S. Index/20% BofA Merrill Lynch European Currency High Yield Index/20% JP Morgan GBI-EM Global Diversified Composite)
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| Inception: |
October 5, 2007 |
| Net Assets: |
$5.8 Million |
| Load Fee: |
No Load |
| Gross Expense Ratio: |
1.75% |
| Net Expense Ratio: |
1.39%2 |
| 30-day SEC Yield: |
4.02% |
| The 30-Day SEC Yield is based on a 30-day period and is computed by dividing the net investmenet income per share earned during the period by the maximum offering price per share on the last day of the period. |
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Minimum Investment |
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| Initial: |
$4,000 |
| Initial–eDelivery: |
$2,000 |
| Initial–Automatic Investment Plan: |
$500 |
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Statistics |
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| Average Maturity (years): |
6.84 |
| Modified Duration: |
4.89 |
| Convexity: |
0.48 |
| Weighted Avg. YTM: |
5.39 |
| Weighted Avg. Coupon: |
7.43 |
| Weighted Avg. Credit Quality: |
BAA1 |
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1 Unhedged USD
2The Fund’s investment advisor has contractually agreed to waive a portion of its fees and reimburse other expensees until April 30, 2010, in amounts necessary to limit the Fund’s operating expenses (exclusive of brokerage costs, interest, taxes, dividends, acquired fund fees and expenses, and extraordinary expenses) for Investor Class shares to an annual rate (as a percentage of the Fund’s average daily net assets) of 1.39%.
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