Exhibit (h)(2)(d) Amendment to Amended and Restated Transfer Agency and Services Agreement Dated June 3, 2009 Between ALPS Fund Services, Inc. and Forward Funds

Exhibit (h)(2)(d)

Amendment to Amended and Restated Transfer Agency and Services Agreement

Dated June 3, 2009

Between

ALPS Fund Services, Inc.

and

Forward Funds

THIS AMENDMENT is made as of September 1, 2010 by and between ALPS Fund Services, Inc. (“ALPS”) and Forward Funds (the “Fund”).

WHEREAS, ALPS and the Fund have entered into an Amended and Restated Transfer Agency and Services Agreement (the “Agreement”) dated June 3, 2009 and effective June 15, 2009;

WHEREAS, the Board of Trustees of the Fund approved on June 10, 2010, the re-opening of Class A shares of the Forward Long/Short Credit Analysis Fund;

WHEREAS, the re-opening of Class A shares of the Forward Long/Short Credit Analysis Fund is effective September 1, 2010;

WHEREAS, in light of the foregoing, ALPS and the Fund wish to modify the provisions of the Agreement to reflect revised Schedules A-1 – List of Portfolios;

NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:

1. Schedule A-1 – List of Portfolios. Schedule A-1 is replaced in its entirety with the attached Schedule A-1.

2. Remainder of the Agreement. All services under Section 1 of the Agreement shall continue until such services are no longer rendered. All other provisions of the Agreement shall remain unchanged.

IN WITNESS WHEREOF, this Amendment has been executed by a duly authorized representative of each of the parties hereto as of the date of the Amendment first set forth above.

ALPS Fund Services, Inc.						Forward Funds
By:						By:
Name:		Xxxxxx X. May				Name:		J. Xxxx Xxxx, Jr.
Title:		President				Title:		President

SCHEDULE A-1

To the Amended and Restated Transfer Agency and Service Agreement

Fund Group I and Fund Group III Portfolios and Classes List

As of September 1, 2010

Portfolio		Open Classes of Shares
Forward Banking and Finance Fund		Investor Class Class A Class C
Forward Emerging Markets Fund		Investor Class Institutional Class Class M
Forward Global Infrastructure Fund		Institutional Class Class A Class B Class C Class M
Forward Growth Fund		Institutional Class Class A Class C
Forward HITR Fund		1
Forward International Dividend Fund		Investor Class Institutional Class
Forward International Fixed Income Fund		Investor Class Institutional Class Class C
Forward International Real Estate Fund		Institutional Class Class A Class B Class C
Forward International Small Companies Fund		Investor Class Institutional Class Class A Class M
Forward Large Cap Equity Fund		Institutional Class Class A
Forward Legato Fund		Investor Class Institutional Class Class A
Forward Long/Short Credit Analysis Fund		Investor Class Institutional Class Class A Class C Class M

¹ The Forward HITR Fund is not yet operational. Once operational, the open share classes will be added and the Fund will incur charges in accordance with Schedule B.

Forward Real Estate Fund		Investor Class Institutional Class Class A Class C
Forward Select Income Fund		Institutional Class Class A Class B Class C Class M
Forward Small Cap Equity Fund		Investor Class Institutional Class Class A Class M
Forward Tactical Growth Fund		Investor Class Institutional Class Class A Class C Class M
Forward Strategic Realty Fund		Institutional Class Class A Class B Class C