Forward Management has rolled out M shares in seven of its funds in response to the growing prominence of fee-based advisor platforms.

"A lot of people are moving away from 12b-1s and looking for a less expensive share class," noted Forward CEO Alan Reid, Jr.

Forward has a total of 32 mutual funds with AUM of around $5 billion.

The funds now carrying M shares are:

Forward Tactical Growth Fund (FTGMX)

Forward Emerging Markets Fund (FEMMX)

Forward Global Infrastructure Fund (FGIMX)

Forward Select Income Fund (FSIMX)

Forward International Small Companies Fund (FNSMX)

Forward Small Cap Equity Fund (FSCMX)

Forward Long/Short Credit Analysis Fund (FLSMX)

Expense ratios range from 130 bps to 517 bps.

San Francisco-based Forward is now also offering A shares (load) for its Forward Tactical Growth Fund and Investor shares (no-load) for its Forward Banking and Finance Fund. 

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