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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Forward Balanced Allocation Fund

AOBAX |

-

$7.32 M

-

0.97%

Vitals

YTD Return

N/A

1 yr return

-6.6%

3 Yr Avg Return

0.0%

5 Yr Avg Return

1.2%

Net Assets

$7.32 M

Holdings in Top 10

95.0%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.97%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$4,000

IRA

$4,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Forward Balanced Allocation Fund

AOBAX |

-

$7.32 M

-

0.97%

AOBAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return -2.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.67%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Forward Balanced Allocation Fund
  • Fund Family Name
    Forward Funds
  • Inception Date
    Sep 29, 2003
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Nathan J. Rowader

Fund Description

AOBAX - Performance

Return Ranking - Trailing

Period AOBAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -52.8% 26.1% N/A
1 Yr -6.6% -63.0% 12.9% N/A
3 Yr 0.0%* -27.3% 13.0% N/A
5 Yr 1.2%* -24.1% 8.5% N/A
10 Yr 1.9%* -14.6% 9.5% N/A

* Annualized

Return Ranking - Calendar

Period AOBAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -34.6% 1.6% N/A
2022 N/A -12.4% 33.2% N/A
2021 N/A -65.8% 23.3% N/A
2020 N/A -64.9% 4.8% N/A
2019 N/A -29.5% 68.3% N/A

Total Return Ranking - Trailing

Period AOBAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -52.8% 26.1% N/A
1 Yr -12.0% -60.8% 13.2% N/A
3 Yr -2.0%* -22.8% 13.9% N/A
5 Yr 0.0%* -21.4% 47.5% N/A
10 Yr 1.3%* -12.2% 12.5% N/A

* Annualized

Total Return Ranking - Calendar

Period AOBAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -32.7% 1.6% N/A
2022 N/A -8.4% 33.2% N/A
2021 N/A -65.2% 23.3% N/A
2020 N/A -62.9% 9.2% N/A
2019 N/A -28.5% 76.9% N/A

AOBAX - Holdings

Concentration Analysis

AOBAX Category Low Category High AOBAX % Rank
Net Assets 7.32 M 604 K 147 B N/A
Number of Holdings 13 2 13410 N/A
Net Assets in Top 10 7.58 M -120 M 26.4 B N/A
Weighting of Top 10 95.00% 5.5% 3196.0% N/A

Top 10 Holdings

  1. Forward Investment Grade Fxd-Inc Z 26.18%
  2. Forward International Dividend Instl 19.41%
  3. Forward Total MarketPlus Z 11.96%
  4. Forward EM Corporate Debt Institutional 8.30%
  5. Forward Commodity L/S Strategy Z 6.85%
  6. Forward Select EM Dividend Institutional 6.83%
  7. Forward Select Opportunity Institutional 5.10%
  8. Forward Dynamic Income Institutional 4.86%
  9. Forward Credit Analysis Long/Short Instl 3.37%
  10. Forward High Yield Bond Z 2.16%

Asset Allocation

Weighting Return Low Return High AOBAX % Rank
Bonds 		57.73% 0.00% 261.66% N/A
Stocks 		36.52% -37.73% 135.47% N/A
Cash 		2.53% -283.85% 353.31% N/A
Other 		1.62% -253.31% 53.08% N/A
Preferred Stocks 		1.36% 0.00% 65.70% N/A
Convertible Bonds 		0.23% 0.00% 26.85% N/A

Stock Sector Breakdown

Weighting Return Low Return High AOBAX % Rank
Financial Services 		7.45% -0.41% 47.66% N/A
Real Estate 		5.36% -3.22% 75.65% N/A
Consumer Defense 		5.07% -4.62% 17.45% N/A
Consumer Cyclical 		4.93% -9.59% 42.25% N/A
Healthcare 		3.56% -1.99% 45.45% N/A
Industrials 		2.50% -0.36% 27.17% N/A
Technology 		2.28% -3.22% 31.95% N/A
Communication Services 		1.45% -0.92% 6.87% N/A
Energy 		1.23% -2.23% 27.44% N/A
Basic Materials 		1.15% -1.56% 22.61% N/A
Utilities 		1.01% -0.12% 23.50% N/A

Stock Geographic Breakdown

Weighting Return Low Return High AOBAX % Rank
Non US 		26.28% -76.83% 74.42% N/A
US 		10.24% -39.12% 134.61% N/A

Bond Sector Breakdown

Weighting Return Low Return High AOBAX % Rank
Corporate 		23.36% 0.00% 86.09% N/A
Government 		20.03% -57.27% 316.66% N/A
Securitized 		11.58% -31.43% 45.07% N/A
Municipal 		3.36% 0.00% 99.83% N/A
Cash & Equivalents 		3.00% -277.47% 353.31% N/A
Derivative 		-0.53% -234.33% 21.15% N/A

Bond Geographic Breakdown

Weighting Return Low Return High AOBAX % Rank
US 		47.26% -215.69% 201.54% N/A
Non US 		10.47% -64.26% 220.06% N/A

AOBAX - Expenses

Operational Fees

AOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.00% 11.64% N/A
Management Fee 0.10% 0.00% 2.50% N/A
12b-1 Fee 0.35% 0.00% 1.00% N/A
Administrative Fee 0.01% 0.00% 0.83% N/A

Sales Fees

AOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AOBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 0.00% 6067.00% N/A

AOBAX - Distributions

Dividend Yield Analysis

AOBAX Category Low Category High AOBAX % Rank
Dividend Yield 0.00% 0.00% 1.01% N/A

Dividend Distribution Analysis

AOBAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

AOBAX Category Low Category High AOBAX % Rank
Net Income Ratio 3.67% -4.09% 6.99% N/A

Capital Gain Distribution Analysis

AOBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

AOBAX - Fund Manager Analysis

Managers

Nathan J. Rowader

Start Date

Tenure

Tenure Rank

Feb 28, 2007

8.84

8.8%

Mr. Rowader has been with Forward Management since September 2008 as Director of Investments. Mr. Rowader has primary responsibility for the day-to-day management of the Allocation Funds and co-primary responsibility for the day-to-day management of the Forward Frontier Strategy Fund, Forward U.S. Government Money Fund and the cash portion of the Forward Emerging Markets Fund. Prior to joining Forward Management, Mr. Rowader was with Accessor Capital Management from February 2007, as Investment Officer and member of Accessor’s Investment Committee; from December 2007, as Senior Investment Officer; and from February 2008 as Chief Investment Officer. Prior to Accessor Capital Management, Mr. Rowader was a Risk Management Analyst at OppenheimerFunds from 2005 to February 2007 and a Fund Analyst at OppenheimerFunds from 2004 to 2005. Prior to the OppenheimerFunds, Mr. Rowader served as a Financial Consultant at Linsco/Private Ledger from 2003 to 2004 and as a Senior Project Manager at WallStreetOnDemand from 1998 to 2003. Mr. Rowader holds an MBA. Mr. Rowader has managed the Allocation Funds and the Forward U.S. Government Money Fund since February 2007, the cash portion of the Forward Emerging Markets Fund since August 2009, and the Forward Frontier Strategy Fund since its inception in December 2008.

Paul Broughton

Start Date

Tenure

Tenure Rank

Feb 01, 2011

4.92

4.9%

Mr. Broughton has been with Forward Management since December 2010 as Assistant Portfolio Manager. Mr. Broughton has co-primary responsibility for the day-to-day management of the Forward U.S. Government Money Fund. Prior to joining Forward Management, Mr. Broughton was a Senior Financial Analyst for the Sacramento Municipal Utility District, where he managed the District’s fixed income portfolio, from January 2010 to November 2010. From March 2006 to January 2010, Mr. Broughton was VP/Investment Officer for Pacific Capital Bancorp where he managed the Bank’s bond portfolio. Previously, Mr. Broughton was a Fixed Income Trader (July 2002 to February 2006) and a Senior Priority Investment Specialist (June 1997 to July 2002) with American Century Investments, and was employed as an Investment Accountant for State Street from March 1996 to May 1997. Mr. Broughton is a Chartered Financial Analyst. Mr. Broughton has managed the Allocation Funds, the cash portion of the Forward Emerging Markets Fund, the Forward Frontier Strategy Fund, and the Forward U.S. Government Money Fund since February 2011.

David Janec

Start Date

Tenure

Tenure Rank

May 01, 2014

1.67

1.7%

David Janec has been with Forward since September 2008 as Investment Specialist. Mr. Janec has primary responsibility in the areas of trading, valuation and risk management of the Forward Frontier Strategy Fund, Forward Strategic Alternatives Fund, the cash portion of the Forward Emerging Markets Fund, and the cash portion of the Forward International Small Companies Fund. Prior to joining Forward Mr. Janec was with Accessor Capital Management from April 2007 as an Operations Analyst, from April 2008 as a Junior Investment Analyst, and from March 2009 as an Investment Analyst. Prior to Accessor Capital Management, Mr. Janec was an Operations Associate at E*Trade from 2005 to 2006 and an Operations Associate at BrownCo from 2004 to 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 38.52 6.47 7.12

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