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    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000889188</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <seriesClassInfo>
        <seriesId>S000026529</seriesId>
        <classId>C000079673</classId>
        <classId>C000086090</classId>
        <classId>C000079672</classId>
        <classId>C000079671</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
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      <regName>Forward Funds</regName>
      <regFileNumber>811-06722</regFileNumber>
      <regCik>0000889188</regCik>
      <regLei>SVO3N95SCU31K74UKT43</regLei>
      <regStreet1>345 CALIFORNIA STREET SUITE 1600</regStreet1>
      <regCity>SAN FRANCISCO</regCity>
      <regStateConditional regCountry="US" regState="US-CA"/>
      <regZipOrPostalCode>94104</regZipOrPostalCode>
      <regPhone>8009996809</regPhone>
      <seriesName>Salient Tactical Growth Fund</seriesName>
      <seriesId>S000026529</seriesId>
      <seriesLei>549300NV4KZ5OJTBS873</seriesLei>
      <repPdEnd>2020-12-31</repPdEnd>
      <repPdDate>2020-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>272118384.73</totAssets>
      <totLiabs>553537.05</totLiabs>
      <netAssets>271564847.68</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>229860097.5</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000086090" rtn1="-5.26000000" rtn2="-7.18000000" rtn3="-5.27000000"/>
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          <monthlyTotReturn classId="C000079672" rtn1="0.46000000" rtn2="-1.53000000" rtn3="0.55000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="1960449.58000000" netUnrealizedAppr="-210325.86000000"/>
        <othMon2 netRealizedGain="4989954.94000000" netUnrealizedAppr="-8890581.39000000"/>
        <othMon3 netRealizedGain="8828534.05000000" netUnrealizedAppr="-7241872.16000000"/>
      </returnInfo>
      <mon1Flow redemption="6072515.30000000" reinvestment="0.00000000" sales="4329806.45000000"/>
      <mon2Flow redemption="12776278.46000000" reinvestment="0.00000000" sales="6235255.50000000"/>
      <mon3Flow redemption="16252922.26000000" reinvestment="0.00000000" sales="8239657.29000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Spdr Dow Jones Industrial Aver</name>
        <lei>54930039F2SG3UG2OZ18</lei>
        <title>SPDR Dow Jones Industrial Average ETF Trust</title>
        <cusip>78467X109</cusip>
        <identifiers>
          <isin value="US78467X1090"/>
        </identifiers>
        <balance>62100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13614183.00000000</valUSD>
        <pctVal>5.013234634860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Qqq Trust Series 1</name>
        <lei>549300VY6FEJBCIMET58</lei>
        <title>Invesco QQQ Trust Series 1</title>
        <cusip>46090E103</cusip>
        <identifiers>
          <isin value="US46090E1038"/>
        </identifiers>
        <balance>147350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28055440.00000000</valUSD>
        <pctVal>10.33102783356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Forward Funds</ncom:nameOfApplicant>
      <ncom:signature>Thomas Dusenberry</ncom:signature>
      <ncom:signerName>Thomas Dusenberry</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
