Morningstar Advisor - Summer 2007 - (Page 4)

Two trusted names join forces to bring investors three international funds: Forward International Equity Fund Forward Global Emerging Markets Fund Forward International Small Companies Fund Executive Editor Jerry Kerns Editor-at-Large Don Phillips Contributing Editors Peng Chen, Karen Dolan, David Harrell, Frank O’Connor, Jeffrey Ptak, John Rekenthaler Contributors Michael Breen, Joel Bruckenstein, Dan Culloton, Alan Lavine, Sonya Morris, Laura Pavlenko Lutton, Todd Trubey Editorial Services Elizabeth Bushman, Ryun Patterson Data Editor Preethi Parmar Art Director Teofila Gomez Associate Art Director Alexander Skoirchet Illustrators Jason Kernevich, Dustin Summers Publisher Mike Barad Associate Publisher Jill Jacobs-Baar Marketing Director Leslie Banks Circulation Manager Dawn Rescigno Media Services Engineer Brian Schuneman National Sales Account Managers Julianna Dinehart, Tinah Fox Morningstar, Inc. Since 1998 Forward Funds has given investors access to institutional money managers who are experts in their investment disciplines. And since 1805 the Pictet name has been one that engenders trust. Pictet Asset Management, with more than $100 billion in assets under management, is the investment arm of Pictet & Cie, a Swiss bank focused on serving high-net-worth investors. Pictet has one of the largest, most experienced international investment teams in the industry, with more than 100 investment professionals in 11 offices around the globe. Forward’s family of mutual funds in core and specialty asset classes focuses on delivering alpha* for our investors. And with our partnership with Pictet Asset Management, we can deliver even more. Chairman and CEO Joe Mansueto President, Advisor Business Unit Chris Boruff Design Manager, Advisor Business Unit Gabrielle Dyer Managing Director, Design David Williams How to Reach Morningstar Advisor Subscriber Services and Circulation magazine_custserv@morningstar.com Editorial and Letters to the Editor magazine_editor@morningstar.com Advertising magazine_adrates@morningstar.com Rate card, available at http://advisor.morningstar.com/products/advisormagazine.asp Reprints and Licensing magazine_licensing@morningstar.com How to Reach Morningstar Customer Service: 312 384-4000 Advisor Product Sales: 877 586-5405 Data Questions: 312 696-6600 Morningstar Advisor is published quarterly by Morningstar, Inc., 225 W. Wacker Dr., Chicago, IL 60606. All exhibit data in this magazine is provided by Morningstar unless otherwise noted. © 2007 Morningstar. All Rights Reserved. The information contained herein: (1) is intended solely Learn more at www.forwardfunds.com or call (888) 312-4100. You should consider the investment objectives, risks, charges and expenses carefully before investing. A prospectus with this and other information about the funds may be obtained by calling (888) 312-4100 or by downloading one from www.forwardfunds.com. It should be read carefully before investing. Investing in foreign securities may involve certain additional risks, including exchange rate fluctuations, less liquidity, greater volatility and less regulation. Small company stocks are generally riskier than large company stocks due to greater volatility and less liquidity. *Alpha is a coefficient measuring risk-adjusted performance. Forward Funds are distributed by ALPS Distributors, Inc. for informational purposes; (2) is proprietary to Morningstar and/or its content providers; (3) may not be copied or distributed; (4) is not warranted to be accurate, complete, or timely; and (5) does not constitute investment advice of any kind. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. “Morningstar” and the Morningstar logo are registered marks of Morningstar, Inc. Disclosure: Morningstar licenses its indexes to certain ETF providers, including Barclays Global Investors (BGI) and First Trust, for use in exchange-traded funds. These ETFs are not sponsored, issued, or sold by Morningstar. Morningstar does not make any representation regarding the advisability of investing in ETFs that are based on Morningstar indexes. 4 http://advisor.morningstar.com/products/advisormagazine.asp http://www.forwardfunds.com http://www.forwardfunds.com http://www.forwardfunds.com

Table of Contents Feed for the Digital Edition of Morningstar Advisor - Summer 2007

Morningstar Advisor - Summer 2007 Contents Letter from the Publisher Get to Know the Bond “All-Stars” Research Briefs Our Stewardship Test Gets Tougher Save It for Later Too Many Oranges Best of Both Worlds No Two Clients Are Alike When It Comes to VAs, It’s Seller Beware Hands On: Finding the Suitable Fund Share Class for Your Client Fund Style Can Drift Off Course Sticking to Their Style, Through Thick and Thin Marathon Man Growth, With a Chaser A Menu of Ideas to Fill Five Market Baskets Funds: Finding Funds with Conviction Stocks: So You Say You Want Income? All Eyes on China Mutual Fund Analyst Picks Undervalued Stocks Most Popular Variable Annuities What’s New at Morningstar and on the Web The Advisor’s Economic Moat

Morningstar Advisor - Summer 2007

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