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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>C000079671</classId>
        <classId>C000079672</classId>
        <classId>C000079673</classId>
        <classId>C000086090</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <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>2022-12-31</repPdEnd>
      <repPdDate>2022-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>272963224.62</totAssets>
      <totLiabs>388275.88</totLiabs>
      <netAssets>272574948.74</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>48843710.56000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
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          <monthlyTotReturn classId="C000079672" rtn1="-2.08000000" rtn2="-0.49000000" rtn3="0.04000000"/>
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          <monthlyTotReturn classId="C000086090" rtn1="-7.73000000" rtn2="-6.18000000" rtn3="-5.73000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="489216.80000000"/>
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            <futureCategory>
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            <futureCategory>
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        </monthlyReturnCats>
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        <othMon3 netRealizedGain="-869482.57000000" netUnrealizedAppr="-1084150.96000000"/>
      </returnInfo>
      <mon1Flow redemption="33284719.84000000" reinvestment="0.00000000" sales="4968210.05000000"/>
      <mon2Flow redemption="12719271.96000000" reinvestment="0.00000000" sales="7768641.71000000"/>
      <mon3Flow redemption="8945599.27000000" reinvestment="0.00000000" sales="6965545.40000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>N/A</lei>
        <title>E-mini S&amp;P 500 Futures</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ESU2"/>
        </identifiers>
        <balance>-155.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-29368625.00000000</valUSD>
        <pctVal>-10.7745136285</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Citibank</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P500 Emini Index</indexName>
                <indexIdentifier>SPX</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2022-09-16</expDate>
            <notionalAmt>-29368625.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2255405.54000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Government Portfolio</name>
        <lei>549300SHPEJB1OPRCV46</lei>
        <title>Fidelity Government Portfolio</title>
        <cusip>31607A703</cusip>
        <identifiers>
          <isin value="US31607A7037"/>
        </identifiers>
        <balance>197180384.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197180384.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</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>Spdr Dow Jones Industrial Average Etf Trust</name>
        <lei>54930039F2SG3UG2OZ18</lei>
        <title>SPDR Dow Jones Industrial Average ETF Trust</title>
        <cusip>78467X109</cusip>
        <identifiers>
          <isin value="US78467X1090"/>
        </identifiers>
        <balance>81374.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25048544.68000000</valUSD>
        <pctVal>9.189598969306</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>2022-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Forward Funds</ncom:nameOfApplicant>
      <ncom:signature>Steve Leonhardt</ncom:signature>
      <ncom:signerName>Steve Leonhardt</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
