Exhibit (h)(5)(e) Expense Limitation Agreement for the Forward Legato Fund (Institutional Class shares) dated as of February 1, 2008 EXPENSE LIMITATION AGREEMENT FOR FORWARD LEGATO FUND (INSTITUTIONAL CLASS SHARES)Expense Limitation Agreement • February 13th, 2008 • Forward Funds
Contract Type FiledFebruary 13th, 2008 CompanyTHIS AGREEMENT, dated as of February 1, 2008, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of the Institutional Class shares of its series, Forward Legato Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).