Subject: File No. S7-08-22
From: Alan Reid
Affiliation: retired President Forward Funds

April 8, 2022

I would ask that when these securities are loaned out to short, the associated proxy vote becomes void.

Since the funds have long positions in these securities, it is important that entities benefiting from the detriment of a company have no ability to vote the shares. The tracking of these proxy votes, as well as the funds willingness to give up the right to vote these shares, (in lieu of an expected return) should be disclosed to investors. Furthermore, funds described as ESG, should be required to vote all shares or lose the \"G\" associated with governance.

With all respect,

Alan Reid