<?xml version="1.0" encoding="UTF-8"?>
<twe:edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns:fee="http://www.sec.gov/edgar/feecommon" xmlns:sta="http://www.sec.gov/edgar/statecodes" xmlns:scc="http://www.sec.gov/edgar/sccommon" xmlns:twe="http://www.sec.gov/edgar/twentyfourf2filer">
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    <twe:submissionType>24F-2NT</twe:submissionType>
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      <twe:liveTestFlag>LIVE</twe:liveTestFlag>
      <twe:filer>
        <twe:issuerCredentials>
          <twe:cik>889188</twe:cik>
          <twe:ccc>XXXXXXXX</twe:ccc>
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      <twe:investmentCompanyType>N-1A</twe:investmentCompanyType>
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    <twe:annualFilings>
      <twe:annualFilingInfo>
        <twe:item1>
          <twe:nameOfIssuer>Forward Funds</twe:nameOfIssuer>
          <twe:addressOfIssuer>
            <twe:street1>244 California Street</twe:street1>
            <twe:street2>Suite 200</twe:street2>
            <twe:city>San Francisco</twe:city>
            <twe:state>CA</twe:state>
            <twe:country>X1</twe:country>
            <twe:zipCode>94111</twe:zipCode>
          </twe:addressOfIssuer>
        </twe:item1>
        <twe:item2>
          <twe:reportSeriesClass>
            <twe:rptSeriesClassInfo>
              <twe:seriesName>SALIENT SELECT INCOME FUND</twe:seriesName>
              <twe:seriesId>S000025527</twe:seriesId>
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                <twe:className>Class A</twe:className>
                <twe:classId>C000076417</twe:classId>
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                <twe:className>Class C</twe:className>
                <twe:classId>C000076419</twe:classId>
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                <twe:className>Investor Class</twe:className>
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                <twe:className>Institutional Class</twe:className>
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                <twe:className>Class I2</twe:className>
                <twe:classId>C000082481</twe:classId>
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            <twe:rptSeriesClassInfo>
              <twe:seriesName>SALIENT GLOBAL REAL ESTATE FUND</twe:seriesName>
              <twe:seriesId>S000025529</twe:seriesId>
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                <twe:className>Class A</twe:className>
                <twe:classId>C000076429</twe:classId>
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                <twe:className>Class C</twe:className>
                <twe:classId>C000076431</twe:classId>
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                <twe:className>Investor Class</twe:className>
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                <twe:className>Institutional Class</twe:className>
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                <twe:className>Class I2</twe:className>
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            </twe:rptSeriesClassInfo>
            <twe:rptSeriesClassInfo>
              <twe:seriesName>SALIENT TACTICAL GROWTH FUND</twe:seriesName>
              <twe:seriesId>S000026529</twe:seriesId>
              <twe:classInfo>
                <twe:className>Class C</twe:className>
                <twe:classId>C000079671</twe:classId>
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              <twe:classInfo>
                <twe:className>Investor Class</twe:className>
                <twe:classId>C000079672</twe:classId>
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              <twe:classInfo>
                <twe:className>Institutional Class</twe:className>
                <twe:classId>C000079673</twe:classId>
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              <twe:classInfo>
                <twe:className>Class I2</twe:className>
                <twe:classId>C000082483</twe:classId>
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              <twe:classInfo>
                <twe:className>Class A</twe:className>
                <twe:classId>C000086090</twe:classId>
              </twe:classInfo>
            </twe:rptSeriesClassInfo>
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        </twe:item2>
        <twe:item3>
          <twe:investmentCompActFileNo>811-06722</twe:investmentCompActFileNo>
          <twe:securitiesActFileNumbers>
            <twe:securitiesActFileNo>
              <twe:fileNumber>033-48940</twe:fileNumber>
            </twe:securitiesActFileNo>
          </twe:securitiesActFileNumbers>
        </twe:item3>
        <twe:item4>
          <twe:lastDayOfFiscalYear>12/31/2021</twe:lastDayOfFiscalYear>
          <twe:isThisFormBeingFiledLate>false</twe:isThisFormBeingFiledLate>
          <twe:isThisTheLastTimeIssuerFilingThisForm>false</twe:isThisTheLastTimeIssuerFilingThisForm>
        </twe:item4>
        <twe:item5>
          <twe:aggregateSalePriceOfSecuritiesSold>202696338.00</twe:aggregateSalePriceOfSecuritiesSold>
          <twe:aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>235106116.00</twe:aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>
          <twe:aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>4556802353.00</twe:aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>
          <twe:totalAvailableRedemptionCredits>4791908469.00</twe:totalAvailableRedemptionCredits>
          <twe:netSales>0.00</twe:netSales>
          <twe:redemptionCreditsAvailableForUseInFutureYears>(4589212131.00)</twe:redemptionCreditsAvailableForUseInFutureYears>
          <twe:multiplierForDeterminingRegistrationFee>0.0000927</twe:multiplierForDeterminingRegistrationFee>
          <twe:registrationFeeDue>0.00</twe:registrationFeeDue>
        </twe:item5>
        <twe:item6/>
        <twe:item7>
          <twe:interestDue>0</twe:interestDue>
        </twe:item7>
        <twe:item8>
          <twe:totalOfRegistrationFeePlusAnyInterestDue>0.00</twe:totalOfRegistrationFeePlusAnyInterestDue>
        </twe:item8>
        <twe:item9/>
        <twe:signature>
          <twe:signature>Thomas Dusenberry</twe:signature>
          <twe:nameAndTitle>Thomas Dusenberry, Treasurer</twe:nameAndTitle>
          <twe:signatureDate>03/22/2022</twe:signatureDate>
        </twe:signature>
      </twe:annualFilingInfo>
    </twe:annualFilings>
  </twe:formData>
</twe:edgarSubmission>
