AMENDMENT NO. 1

Exhibit (h)(2)(b)

AMENDMENT NO. 1

This amendment (the “Amendment”) between the parties signing below (“Parties”) amends the Existing Agreement as of December 13, 2019:

Term		Means
“Existing Agreement”		The Transfer Agency and Services Agreement among ALPS, MF Trust and Forward Funds dated July 20, 2018
“ALPS” “Service Provider”		ALPS Fund Services, Inc.
“Forward Funds”		Forward Funds
“MF Trust”		Salient MF Trust

Except as amended hereby, all terms of the Existing Agreement remain in full force and effect. This Amendment includes the amendments in Schedule A and general terms in Schedule B hereto.

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their duly authorized representatives.

ALPS Fund Services, Inc.						Forward Funds
By:		/s/ Xxxxx Xxxxxx				By:		/s/ Xxxx Xxxxxxxx
Name:		Xxxxx Xxxxxx				Name:		Xxxx Xxxxxxxx
Title:		Authorized Representative				Title:		Vice President

Salient MF Trust
By:		/s/ Xxxx Xxxxxxxx
Name:		Xxxx Xxxxxxxx
Title:		Vice President

1

Schedule A to this Amendment

Amendments

Effective as of December 13, 2019 the Existing Agreement is amended as follows:

1. Appendix A – List of Funds and Share Classes. Appendix A is replaced in its entirety with the attached Appendix A.

Schedule B to this Amendment

General Terms

1. Capitalized terms not defined herein shall have the meanings given to them in the Existing Agreement.

2. The Parties’ duties and obligations are governed by and limited to the express terms and conditions of this Amendment, and shall not be modified, supplemented, amended or interpreted in accordance with, any industry custom or practice, or any internal policies or procedures of any Party. This Amendment (including any attachments, schedules and addenda hereto), along with the Existing Agreement, as amended, contains the entire agreement of the Parties with respect to the subject matter hereof and supersedes all previous communications, representations, understandings and agreements, either oral or written, between the Parties with respect thereto.

3. This Amendment may be executed in counterparts, each of which when so executed will be deemed to be an original. Such counterparts together will constitute one agreement. Signatures may be exchanged via facsimile or electronic mail and signatures so exchanged shall be binding to the same extent as if original signatures were exchanged.

4. This Amendment and any dispute or claim arising out of or in connection with it, its subject matter or its formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of the same jurisdiction as the Existing Agreement.

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APPENDIX A¹

LIST OF FUNDS AND SHARE CLASSES

(as of December 13, 2019)

Fund

Investor Class

Institutional Class

Class A

Class C

Class I

Class R6

Class I2

Class F

SALIENT MF TRUST

Salient MLP & Energy Infrastructure Fund

N/A

N/A

SMAPX

SMFPX

SMLPX

SMRPX

N/A

N/A

Salient Tactical Plus Fund

N/A

N/A

SBTAX

SBTCX

SBTIX

N/A

N/A

BTPIX

FORWARD FUNDS

Salient Global Real Estate Fund

FFIRX

KIRYX

KIRAX

KIRCX

N/A

N/A

FINMX*

N/A

Salient Select Income Fund

FFSLX

KIFYX

KIFAX

KIFCX

N/A

N/A

FSIMX*

N/A

Salient Tactical Growth Fund

FFTGX

FTGWX

FTAGX

FTGOX

N/A

N/A

FTGMX*

N/A

* Class not active as of date above

¹ Appendix A may be updated from time to time in accordance with the provisions of Section 29 of the Agreement.

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