When investing in small cap stocks you may notice greater fluctuations in market value. By investing in international stocks, including emerging markets and frontier markets, you may be subject to currency fluctuations and political and economic instability. By investing in high yield bonds you may be subjected to greater price volatility based on fluctuations in issuer and credit quality. When investing in bonds, you are subject, but not limited to, the same interest rate, inflation and credit risks associated with the underlying bonds owned by the Fund. Return of principal is not guaranteed. The Accessor Frontier Markets and Strategic Alternatives Funds are non-diversified funds. An investor will indirectly bear the expenses of the fund’s underlying investments. In addition, the fund’s underlying investments (such as structured notes, derivatives, commodities and levered ETFs) will involve heightened risks related to liquidity, increased volatility, and unfavorable fluctuations in currency values. The underlying international and real estate investments of the Accessor Frontier Markets and Strategic Alternatives Funds may also be subject to economic or political instability in the US and other countries, credit risk and interest rate fluctuations. Investing in foreign securities, especially emerging and frontier markets, will involve additional risks, including social and political instability, liquidity, greater volatility and less regulation.

Each allocation fund is a fund of funds, which is a mix of underlying Accessor Funds. Shareholders of the allocation funds indirectly bear the expenses of the Underlying Funds. The Funds’ current actual allocations may differ due to market fluctuations and other factors. Forward Management has the discretion to change the Funds’ allocations.

(1)The Forward Funds are offered through a separate prospectus.

You should consider the investment objectives, risks, charges and expenses of the Accessor Funds carefully before investing. A prospectus with this and other information may be obtained by calling (800) 882-9612 or by downloading one from www.accessor.com. It should be read carefully before investing.

The Accessor® Funds are mutual funds managed by Forward Management, LLC. The Accessor Funds are not registered for offering in any country other than the United States. Not all Accessor Funds or classes of shares are available in all states and nothing here is an offer or solicitation of the Accessor Funds in any jurisdiction where their offer of sale is not qualified or exempt from registration.

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE.

The contents of this site are protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos. All information and content on this site are subject to applicable statutes and regulations, furnished "as is," without warranty of any kind, express or implied, including but not limited to implied warranties of merchantability, fitness for a particular purpose, or non-infringement.