Yes, the Board of Trustees of Forward Funds approved the participation by the Accessor U.S. Government Money Fund.

The Program insures shares held by money market fund investors as of the close of business on September 19, 2008 against loss in the event that a the money market fund liquidates its holdings and shareholders receive less than $1.00 per share. The guarantee is triggered if the money market fund’s net asset value per share falls below $0.995. Any increase in the number of shares held in an account after the close of business on September 19, 2008 will not be guaranteed. If the number of shares held in an account fluctuates over the period, investors will be covered for either the number of shares held as of the close of business on September 19, 2008 or the current amount, whichever is less. To participate in the program, the Treasury Department will require money market funds with a net asset value per share greater than or equal to $0.9975 as of the close of business on September 19, 2008, to pay an upfront fee of 0.01 percent, 1 basis point, based on the number of shares outstanding on that date. Funds with net asset value per share of greater than or equal to $0.995 and below $0.9975 as of the close of business on September 19, 2008, will be required to pay an upfront fee of 0.015 percent, 1.5 basis points, based on the number of shares outstanding on that date. These fees will only cover the first three months of participation in the program.

The program is designed to address temporary dislocations in credit markets. The Program will operate through December 18, 2008. After the initial term, the Secretary of the Treasury has the option to extend the Program up to the close of business on September 18, 2009.

The U.S. Treasury Department, through the Exchange Stabilization Fund, is providing this guarantee. In the event that a participating fund breaks the buck (A decline below $1 in the share price of a money market fund) and liquidates, a guarantee payment should be made to investors through their fund within approximately 30 days, subject to possible extensions at the discretion of the Treasury.

If your fund enrolls in the program and then cannot maintain the $1.00 NAV, you are covered for the amount you had in the fund on September 19, or the amount you have when the guarantee is invoked, whichever is less. If you redeem all your shares from the Fund any future investments in the Fund will not be guaranteed. Treasury's investor FAQs offer examples.

Additional information about the program is available on the U.S. Department of the Treasury’s website at www.ustreas.gov.

The money managers of the 10 Underlying Accessor Funds are:
Growth: Smith Group (Dallas, TX)
Value: Acadian Asset Mgmt (Boston, MA)
Small to Mid Cap: LA Capital Management
(Los Angeles, CA)
International: Pictet Asset Mgmt (London UK)
Strategic Alternatives: Forward Management (San Francisco, CA)
High Yield Bond: First Western Investment Management (Denver, CO)
Intermediate Fixed: PIMCO (Newport Beach, CA)
Short Intermediate Fixed: PIMCO (Newport Beach, CA)
Mortgage Securities: BlackRock (Boston, MA)
US Govt Money: Forward Management (San Francisco, CA)

 

Accessor Allocation Funds: The 6 Allocation Funds invest in the 10 Accessor Underlying Funds listed above.

$2,000 - Qualified Accounts (an account that is a tax-advantage retirement plan; the investment’s earning grow tax-deferred).
$5,000 - Non-qualified Accounts (an account into which non-tax-deductible contributions are made, and the investment’s earnings are taxable).
$50,000 - Accessor Strategic Alternatives Fund
$100,000 - Accessor Limited Duration U.S. Govt Fund

$50,000 - Accessor Total Return Fund

Select Performance and choose the share class for the Accessor Fund of interest on Accessor.com. This information can also be found in the prospectus.

Select the Accessor Funds Matrix from Accessor.com Literature page.

Select the Accessor Funds Matrix from Accessor.com Literature page.

Select Accessor Funds on Accessor.com and choose an Accessor Underlying Fund from the drop down panels.

Advisor Class: No load
Investor Class: No load; 25-50bps trail
A Class: Frontload; 25 – 35 bps trail
C Class: Backload; 1% trail
Institutional Class: US Govt Money Fund only

 

In addition, we offer the following Accessor Funds: Strategic Alternatives, Total Return, & Limited Duration U.S. Govt, which are not class-specific.