Common Contracts

77Q1 (e) Copies of any new or amended registrant investment advisory contacts;

Sub-Advisory Agreement • February 29th, 2008 • Forward Funds • California

• Contract Type
  Sub-Advisory Agreement
• Filed
  February 29th, 2008
• Company
  Forward Funds
• Jurisdiction
  California

Exhibit (d)(14) Form of Sub-Advisory Agreement among the Registrant, the Advisor and Affinity Investment Advisors LLC with respect to the Forward Large Cap Equity Fund FORWARD FUNDS FORM OF INVESTMENT SUB-ADVISORY AGREEMENT

Sub-Advisory Agreement • September 29th, 2006 • Forward Funds • California

• Contract Type
  Sub-Advisory Agreement
• Filed
  September 29th, 2006
• Company
  Forward Funds
• Jurisdiction
  California

This INVESTMENT SUB-ADVISORY AGREEMENT (“Agreement”) effective as of September __, 2006, is by and among Affinity Investment Advisors, LLC, a California limited liability company, (the “Sub-Advisor”), Forward Funds (the “Trust”), on behalf of the Forward Large Cap Equity Fund, a series of the Trust (the “Fund”), and Forward Management, LLC (the “Advisor”).