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, 2016 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 September 22, 2015 the merger of the Forward Balanced Allocation Fund into the Salient Adaptive Income Fund (formerly known as the Forward Income Builder Fund) and the merger of the Forward Multi-Strategy Fund and Growth & Income Fund into the Salient Adaptive Balanced Fund (formerly known as the Forward Growth Allocation Fund), effective January 22, 2016; and

WHEREAS, the Board approved on January 26, 2016 name changes to all of the Trust (together, the “Funds”), effective May 1, 2016; and

WHEREAS, in light of the foregoing, ALPS and the Trust wish to modify Schedule A – List of Portfolios of the Agreement to reflect the new names of the Funds; 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, 2016

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 Class Z
Salient Commodity Long/Short Strategy Fund		Investor Class Institutional Class Class C Advisor Class
Salient EM Corporate Debt Fund		Investor Class Institutional Class Class C Advisor Class
Salient EM Dividend Signal Fund		Investor Class Institutional Class Advisor Class
Salient EM Infrastructure Fund		Investor Class Institutional Class Class A Class B Class C Advisor Class
Salient Frontier Strategy Fund		Investor Class Institutional Class Advisor Class Class Z
Salient High Yield Fund		Investor Class Institutional Class Class C Class Z
Salient International Dividend Signal Fund		Investor Class Institutional Class Class A Class C Advisor Class

Salient International Real Estate Fund		Investor Class Institutional Class Class A Class C Advisor Class
Salient International Small Cap Fund		Investor Class Institutional Class Advisor Class
Salient Investment Grade Fund		Investor Class Institutional Class Class Z
Salient Real Estate Fund		Investor Class Institutional Class Class A Class C
Salient Select Income Fund		Investor Class Institutional Class Class A Class B Class C Advisor Class
Salient Select Opportunity Fund		Institutional Class Class A Class C Investor Class
Salient Tactical Growth Fund		Investor Class Institutional Class Class A Class C Advisor Class
Salient Tactical Muni Strategy Fund		Investor Class Institutional Class Class A Class C Advisor Class
Salient Tactical Real Estate Fund		Investor Class Institutional Class Class A Class B Class C Advisor Class
Salient US Dividend Signal Fund		Institutional Class Class A Investor Class