Exhibit (h)(1)(b) Amendment to Amended and Restated Fund Accounting and Administration Agreement Dated April 12, 2010 Between ALPS Fund Services, Inc. and Forward Funds

Exhibit (h)(1)(b)

Amendment to Amended and Restated Fund Accounting and Administration Agreement

Dated April 12, 2010

Between

ALPS Fund Services, Inc.

and

Forward Funds

THIS AMENDMENT is made as of May 1, 2012 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 Fund Accounting and Administration Agreement (the “Agreement”) effective April 12, 2010;

WHEREAS, the Board of Trustees of the Fund approved on March 28, 2012, the liquidation of the Forward International Equity Fund effective close of business May 1, 2012;

WHEREAS, the Board of Trustees of the Fund on March 29, 2012, ratified the supplement to the Fund’s registration statement notifying shareholders of the name change of the Forward Income Allocation Fund to the Forward Income Builder Fund effective close of business May 1, 2012;

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

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

1. Appendix A – Portfolios List. Appendix A is replaced in its entirety with the attached Appendix A.

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:		/s/ Xxxxxx X. May				By:		Xxxxxx X. Naka
Name:		Xxxxxx X. May				Name:		Xxxxxx X. Naka
Title:		President				Title:		Vice President Funds

APPENDIX A

DATED AS OF May 1, 2012

TO THE AMENDED AND RESTATED FUND ACCOUNTING AND

ADMINISTRATION AGREEMENT

Portfolio List

Allocation Funds

Forward Aggressive Growth Allocation Fund		Forward Growth & Income Allocation Fund
Forward Balanced Allocation Fund		Forward Income Builder Fund
Forward Growth Allocation Fund		Forward Income & Growth Allocation Fund

Non-Allocation Funds

		Forward Managed Futures Strategy Fund
Forward Commodity Long/Short Strategy Fund		Forward Real Estate Fund
Forward CorePlus Fund		Forward Real Estate Long/Short Fund
Forward Credit Analysis Long/Short Fund		Forward Select EM Dividend Fund
Forward EM Corporate Debt Fund		Forward Select Income Fund
Forward Emerging Markets Fund		Forward Small Cap Equity Fund
Forward Endurance Long/Short Fund		Forward Strategic Alternatives Fund
Forward Extended MarketPlus Fund		Forward Tactical Enhanced Fund
Forward Focus Fund		Forward Tactical Growth Fund
Forward Frontier Strategy Fund		Forward U.S. Government Money Fund
Forward Global Credit Long/Short Fund
Forward Global Infrastructure Fund
Forward High Yield Bond Fund
Forward International Dividend Fund
Forward International Real Estate Fund
Forward International Small Companies Fund
Forward Investment Grade Fixed Income Fund
Forward Large Cap Dividend Fund

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