5/2/11 Forward Funds 497K 5/2/11 1:236K Donnelley … Solutions/FA → Salient EM Infrastructure Fund 5/2/11 Forward Funds 497K 5/2/11 1:257K Donnelley … Solutions/FA → Salient Adaptive Balanced Fund 5/2/11 Forward Funds 497K 5/2/11 1:240K Donnelley … Solutions/FA → Forward Multi-Strategy Fund 5/2/11 Forward Funds 497K 5/2/11 1:254K Donnelley … Solutions/FA → Forward Growth & Income Allocation Fund 5/2/11 Forward Funds 497K 5/2/11 1:239K Donnelley … Solutions/FA → Salient Global Real Estate Fund 5/2/11 Forward Funds 497K 5/2/11 1:252K Donnelley … Solutions/FA → Forward Balanced Allocation Fund 5/2/11 Forward Funds 497K 5/2/11 1:216K Donnelley … Solutions/FA → Salient EM Corporate Debt Fund 5/2/11 Forward Funds 497K 5/2/11 1:254K Donnelley … Solutions/FA → Salient Select Income Fund 5/2/11 Forward Funds 497K 5/2/11 1:277K Donnelley … Solutions/FA → Salient Tactical Real Estate Fund 5/2/11 Forward Funds 497K 5/2/11 1:251K Donnelley … Solutions/FA → Forward Income & Growth Allocation Fund 5/2/11 Forward Funds 497K 5/2/11 1:236K Donnelley … Solutions/FA → Salient Adaptive Income Fund 5/2/11 Forward Funds 497K 5/2/11 1:245K Donnelley … Solutions/FA → Salient Tactical Muni & Credit Fund 5/2/11 Forward Funds 497K 5/2/11 1:105K Donnelley … Solutions/FA → Forward Strategic Alternatives Fund 5/2/11 Forward Funds 497K 5/2/11 1:249K Donnelley … Solutions/FA → Salient International Dividend Signal Fund 5/2/11 Forward Funds 497K 5/2/11 1:181K Donnelley … Solutions/FA → Salient Frontier Strategy Fund 5/2/11 Forward Funds 497K 5/2/11 1:217K Donnelley … Solutions/FA → Forward U.S. Government Money Fund 5/2/11 Forward Funds 497K 5/2/11 1:202K Donnelley … Solutions/FA → Forward Global Dividend Fund 5/2/11 Forward Funds 497K 5/2/11 1:224K Donnelley … Solutions/FA → Salient Real Estate Fund 5/2/11 Forward Funds 497K 5/2/11 1:116K Donnelley … Solutions/FA → Salient Investment Grade Fund 5/2/11 Forward Funds 497K 5/2/11 1:223K Donnelley … Solutions/FA → Salient High Yield Fund