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, 2011 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 December 14, 2010, the Forward Select EM Dividend Fund, a new series of the Fund, effective May 1, 2011;

WHEREAS, the Board of Trustees of the Fund approved on December 14, 2010, the name change of the Forward International Fixed Income Fund, the Forward Long/Short Credit Analysis Fund, and the Forward Strategic Realty Fund to the Forward EM Corporate Debt Fund, the Forward Credit Analysis Long/Short Fund, and the Forward Real Estate Long/Short Fund, respectively, effective May 1, 2011;

WHEREAS, the Board of Trustees of the Fund will ratify on June 8, 2011, the name change of the Forward Frontier MarketStrat Fund and the Forward SMIDPlus Fund to the Forward Frontier Strategy Fund and the Forward Extended MarketPlus Fund, respectively, effective May 1, 2011;

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

- 2 -

APPENDIX A

DATED AS OF May 1, 2011

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 Allocation Fund
Forward Growth Allocation Fund		Forward Income & Growth Allocation Fund

Non-Allocation Funds

Forward Banking and Finance Fund		Forward Real Estate Fund
Forward Commodity Long/Short Strategy Fund		Forward Real Estate Long/Short Fund
Forward CorePlus Fund		Forward Select EM Dividend Fund
Forward Credit Analysis Long/Short Fund		Forward Select Income Fund
Forward EM Corporate Debt Fund		Forward Small Cap Equity Fund
Forward Emerging Markets 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 Infrastructure Fund
Forward Growth Fund
Forward High Yield Bond Fund
Forward HITR Fund1
Forward International Dividend Fund
Forward International Equity Fund
Forward International Real Estate Fund
Forward International Small Companies Fund
Forward Investment Grade Fixed Income Fund
Forward Large Cap Equity Fund

¹  Fund has not commenced operations.

- 3 -