Forward Managed Futures Strategy targets futures-related instruments

By Toni Weeks

San Diego, Jan. 30 - Forward Funds announced its new Forward Managed Futures Strategy Fund in an N-1A filing with the Securities and Exchange Commission.

The fund will launch with two share classes: the investor class (FUTRX) and the institutional class (FUTIX).

The fund seeks long-term total return by investing in futures-related instruments that track the performance of futures contracts included in the Credit Suisse Multi-Asset Futures Strategy Index. The fund may invest a portion of its assets in a wholly owned Cayman subsidiary and will target an annualized volatility level of about 15%.

The primary portfolio manager, Nathan J. Rowader, will supervise a portfolio management team consisting of Paul Herber, David L. Ruff, Paul Broughton and Jim O'Donnell.

Neither share class will incur a sales load. The management fee for either class is 1%. Including other fees and expenses and taking into account the adviser's agreement to waive fees and/or reimburse some expenses, the total annual fund operating expenses are expected to be 1.92% for investor class shares and 1.57% for institutional class shares. The fee waiver agreement expires April 30, 2013.

The fund's investment adviser is San Francisco-based Forward Management, LLC.

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