0001193125-18-217761 Sample Contracts

EXPENSE LIMITATION AGREEMENT FOR SALIENT INTERNATIONAL REAL ESTATE FUND
Expense Limitation Agreement • July 13th, 2018 • Forward Funds

THIS AGREEMENT, dated as of July 1, 2018, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of its series, Salient International Real Estate Fund (the “Fund”), and Forward Management, LLC d/b/a Salient (the “Investment Advisor”).

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