Mutual Fund Insights: Forward Intl Real Estate A Fund (KIRAX)

In-depth Analysis of Forward Intl Real Estate A Fund (KIRAX)

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See Forward Intl Real Estate A Fund (KIRAX) performance details as of January 31, 2010

  

Last Trade: $15.52 on 3/16/2010, Change: +0.09 (0.58%)

  

Fund Manager - Paul Gray

Fund Manager Tenure: 3.9 years   [Similar Funds: KIRBX  KIRCX  KIRYX ]
Fundmojo Fund Grade: D (Score: 0.45)     (What does this score mean?)

Mr. Gray, Executive Vice President and Portfolio Manager is responsible for securities investment decisions on behalf of Kensington's portfolios. Mr. Gray is a partner with Kensington and has been involved in the portfolio management of real estate securities since 1988. Mr. Gray was previously a partner and founder of Golden State Financial Services, a mortgage brokerage company. Prior to joining Golden State, he was director of research for Liquidity Fund Investment Corporation.  Get more insights on Paul Gray

  

 What we like about Forward Intl Real Estate A Fund (KIRAX)

Data for Forward Intl Real Estate A Fund (KIRAX) as of January 31, 2010

• Forward Intl Real Estate A Fund (KIRAX) management has been with Forward Intl Real Estate A Fund for 3.9 years
• Forward Intl Real Estate A Fund (KIRAX) is less volatile than its peers as it has a 3-year Standard Deviation of 26.18, lower than category average of 29.8

  

 What we are cautious about Forward Intl Real Estate A Fund (KIRAX)

Data for Forward Intl Real Estate A Fund (KIRAX) as of January 31, 2010

• Forward Intl Real Estate A Fund is a focused fund with 40.65% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Forward Intl Real Estate A Fund (KIRAX) has a less-than-ideal short-term performance (1-year return 41.67% vs 47.97% Global Real Estate category average)
• Forward Intl Real Estate A Fund (KIRAX) has a less-than-ideal mid-term performance (3-year return -16.42% vs -15.77% Global Real Estate category average)
• Forward Intl Real Estate A Fund (KIRAX) ratio of up-years vs down years can be improved
• Forward Intl Real Estate A Fund (KIRAX) has a Morningstar rating of 3 and below
• Forward Intl Real Estate A Fund (KIRAX) is less safe compared to its Global Real Estate peers
• Forward Intl Real Estate A Fund (KIRAX) has an annual stock turnover rate of 110.14% that is higher than the Global Real Estate average of 69.72%. This could mean Forward Intl Real Estate A is more nimble, but also signal potential high tax impact and high trading fees
• Forward Intl Real Estate A Fund (KIRAX) does not have a good risk adjusted return as its 3-year Alpha of -9.25 is worse than category average of -6.74, and its 3-year Sharpe ratio is -0.62
• Forward Intl Real Estate A Fund (KIRAX) has a higher management fee of 1.65% than its Global Real Estate average of 1.54%
• Forward Intl Real Estate A Fund (KIRAX) carries a 5.75% load

See Forward Intl Real Estate A Fund (KIRAX) performance details as of January 31, 2010

  

  

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Forward Intl Real Estate A Fund (KIRAX) Net Asset

Track net asset change of Forward Intl Real Estate A fund (KIRAX)

Date	Net Asset
01/2010	$35.80M
11/2009	$39.90M
10/2009	$41.50M

More historic net asset information on Forward Intl Real Estate A Fund (KIRAX)

  

Forward Intl Real Estate A Fund (KIRAX) Portfolio Allocation

Track portfolio allocation change of Forward Intl Real Estate A fund (KIRAX)

Date	Cash	Stock	Bond	Other
11/2009	0.77%	97.92%	0%	1.32%
10/2009	0.65%	97.12%	0%	2.23%
08/2009	0.81%	97.23%	0%	1.95%

Click here to see more historic asset allocation information on Forward Intl Real Estate A Fund (KIRAX)

  

Most Recent Top 10 Holdings in Forward Intl Real Estate A Fund (KIRAX)

Discover what Forward Intl Real Estate A Fund (KIRAX) manager is buying

30-Nov-09 Sun Hung Kai Properties, Ltd. [7.1%] UNILEVER PLC AMER [6.41%] WESTERN DIGITAL CP [6.33%] Mitsubishi Estate [5.3%] Mitsui Fudosan Co., Ltd. [3.57%] Shun Tak Holdings Ltd. [2.97%] Hongkong Land Holdings Limited [2.89%] Great Eagle Holdings Ltd. [2.37%] China Overseas Land & Investment Ltd. [1.91%] Corio NV [1.8%]

31-Oct-09 Sun Hung Kai Properties, Ltd. [7.17%] WESTERN DIGITAL CP [7.01%] UNILEVER PLC AMER [6.03%] Mitsubishi Estate [5.08%] Hongkong Land Holdings Limited [3.76%] Mitsui Fudosan Co., Ltd. [3.31%] Great Eagle Holdings Ltd. [2.37%] Corio [2.19%] Stockland [2.14%] CapitaLand Limited [1.92%]

31-Aug-09 Sun Hung Kai Properties, Ltd. [8.75%] WESTERN DIGITAL CP [7.26%] Mitsubishi Estate [6.78%] Mitsui Fudosan Co., Ltd. [5.97%] UNILEVER PLC AMER [5.61%] Hongkong Land Holdings Limited [3.37%] Henderson Land Development Co. Ltd. [3.13%] APEX SILVER MINES SC [2.77%] CapitaLand Limited [2.6%] Stockland [2.56%]

Click here for Stock Holding Change Map in Forward Intl Real Estate A Fund (KIRAX)

  

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See more information on Forward Intl Real Estate A Fund (KIRAX)

• Forward Intl Real Estate A Fund Insights
• Forward Intl Real Estate A Fund Performance Data
• Forward Intl Real Estate A Fund News
• Forward Intl Real Estate A Fund Score Explaination
• Forward Intl Real Estate A Fund Manager Information
• Historic Forward Intl Real Estate A Fund Asset Allocation Report
• Historic Forward Intl Real Estate A Fund Top 10 Holding Tracking
• Historic Forward Intl Real Estate A Fund Asset Under Management Tracking