Exhibit (h)(2)(b) 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)(b)

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 May 1, 2017 by and between ALPS Fund Services, Inc. (“ALPS”) and Forward Funds (the “Fund” or the “Trust”).

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

WHEREAS, the Board of Trustees (the “Board”) of the Trust approved on May 24, 2016 the name change of the Salient Tactical Muni Strategy Fund to the Salient Tactical Muni & Credit Fund, effective June 1, 2016; and

WHEREAS, the Board approved on October 18, 2016 the liquidations of the Salient Commodity Long/Short Strategy Fund, the Salient EM Corporate Debt Fund, Salient EM Dividend Signal Fund, Salient Frontier Strategy Fund, Salient High Yield Bond Fund and Salient Investment Grade Fund; and

WHEREAS, ALPS and the Trust wish to modify Schedule A – List of Portfolios of the Agreement to reflect the foregoing; and

WHEREAS, all capitalized terms used herein but not otherwise defined shall have the same meanings ascribed to them in the Agreement;

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

1. Schedule A – List of Portfolios. Schedule A is replaced in its entirety with the attached Schedule 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:		/s/ Xxxxxx X. Naka
Name:		Xxxxxx X. May				Name:		Xxxxxx X. Naka
Title:		President				Title:		Vice President

SCHEDULE A

To the Amended and Restated Transfer Agency and Services Agreement

As of May 1, 2017

Portfolio		Open Classes of Shares
Salient Adaptive Balanced Fund		Investor Class Institutional Class Class A Class C
Salient Adaptive Income Fund		Investor Class Institutional Class Class A Class C
Salient Adaptive US Equity Fund		Investor Class Institutional Class
Salient EM Infrastructure Fund		Investor Class Institutional Class Class A Class C Class I2
Salient International Dividend Signal Fund		Investor Class Institutional Class Class A Class C Class I2
Salient International Real Estate Fund		Investor Class Institutional Class Class A Class C Class I2
Salient International Small Cap Fund		Investor Class Institutional Class Class I2
Salient Real Estate Fund		Investor Class Institutional Class Class A Class C
Salient Select Income Fund		Investor Class Institutional Class Class A Class C Class I2
Salient Select Opportunity Fund		Institutional Class Class A Class C Investor Class

Salient Tactical Growth Fund		Investor Class Institutional Class Class A Class C Class I2
Salient Tactical Muni & Credit Fund		Investor Class Institutional Class Class A Class C Class I2
Salient Tactical Real Estate Fund		Investor Class Institutional Class Class A Class C Class I2
Salient US Dividend Signal Fund		Institutional Class Class A Investor Class