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¶ – Release Delayed ·Document/Exhibit Description Pages Size
1: 485APOS Post-Effective Amendment HTML 6.32M
23: CORRESP ¶ Comment-Response or Other Letter to the SEC HTML 5K
2: EX-99.(A)(2) Schedule A to the Amended and Restated Agr,T and HTML 36K
Declaration of Trust of Reg.
3: EX-99.(D)(1)(B) Amended Exhibit A to the Amended and Restated HTML 14K
Investment Management Agreement
4: EX-99.(D)(1)(C) Amended Exhibit B to the Amended and Restated HTML 16K
Investment Management Agreement
5: EX-99.(E)(1)(B) Amendment Schedule A to the Distribution HTML 17K
Agreement
6: EX-99.(G)(1)(B) Appendix A to the Custodian Agreement Between HTML 17K
the Registrant and Citibank.
7: EX-99.(H)(1)(C) Amendment to Appendix A to the Amended and HTML 20K
Restated Fund Acct and Admin Agrmt
8: EX-99.(H)(2)(B) Amendment to Sch A to the Amnd and Restated HTML 28K
Transfer Agency and Service Agrmt
9: EX-99.(H)(3)(B) Amendment to Sch A to the Amd and Restated HTML 18K
Transfer Agent Interactove Client Ser
10: EX-99.(H)(4)(B) Exhibit A to the Amended and Restated HTML 41K
Shareholder Services Plan
11: EX-99.(H)(6) Administrative Services Plan for Investor Class HTML 17K
Shares
12: EX-99.(H)(7)(H) Expense Limitation Agreement for the Forward HTML 20K
Equity Long/Short Fund
13: EX-99.(H)(7)(J) Expense Limitation Agreement for the Forward HTML 19K
Investment Grade Fixed Income Fund
14: EX-99.(H)(7)(O) Expense Limitation Agreement for the Forward HTML 20K
Income Builder Fund
15: EX-99.(H)(7)(P) Expense Limitation Agreement for the Forward HTML 19K
Dynamic Income Fund
16: EX-99.(H)(7)(S) Expense Limitation Agreement for the Forward HTML 19K
Multi-Strategy Fund
17: EX-99.(H)(7)(T) Expense Limitation Agreement for the Forward HTML 20K
Tactical Enhanced Fund
18: EX-99.(H)(8)(B) Amendment to Compliance Support Services HTML 15K
Agreement.
19: EX-99.(H)(8)(C) Schedule to Amended and Restated Compliance HTML 12K
Support Services Agreement.
20: EX-99.(M)(1)(B) Amended Appendix A to the Service and HTML 12K
Distribution Plan Pursuant to Rule 12B-1
21: EX-99.(M)(2)(B) Amended Appendix A to the Service and HTML 11K
Distribution Plan Pursuant to Rule 12B-1
22: EX-99.(M)(4)(B) Amended Appendix A to the Distribution and HTML 11K
Service Plan Pursuant to Rule 12B-1
| Expense Limitation Agreement for the Forward Equity Long/Short Fund |
Exhibit (h)(7)(h)
EXPENSE LIMITATION AGREEMENT
FOR
FORWARD EQUITY LONG/SHORT FUND
THIS AGREEMENT, dated as of October 1, 2014, is made and entered into by and between Forward Funds, a Delaware statutory trust (the “Trust”), on behalf of its series, Forward Equity Long/Short Fund (the “Fund”), and Forward Management, LLC (the “Investment Advisor”).
WHEREAS, the Investment Advisor has been appointed the investment advisor of the Fund pursuant to an Investment Management Agreement dated as of May 1, 2005, as amended and restated from time to time, between the Trust, on behalf of the Fund, and the Investment Advisor (the “Advisory Agreement”); and
WHEREAS, the Trust and the Investment Advisor desire to enter into the arrangements described herein relating to certain class-level expenses of the Fund.
NOW, THEREFORE, the Trust and the Investment Advisor hereby agree as follows:
1. The Investment Advisor agrees, subject to Section 2 hereof, to reduce the fees payable to it under the Advisory Agreement (but not below zero) and to reimburse expenses to the Fund to the extent necessary to limit the operating expenses of each class of shares of the Fund (exclusive of brokerage costs, interest, taxes, dividends, acquired fund fees and expenses, and extraordinary expenses) as follows:
For the period from the date of this Agreement until April 30, 2015 the Investment Advisor shall limit its fee or otherwise reimburse the Fund so that the operating expenses of each class of shares of the Fund shall be limited to the annual rates (as a percentage of the Fund’s average daily net assets) as set forth on Schedule A hereto.
2. The Fund agrees to pay to the Investment Advisor the amount of fees that, but for Section 1 hereof, would have been payable by the Fund to the Investment Advisor pursuant to the Advisory Agreement (the “Waived Fees”) and to pay to the Investment Advisor the amount of expenses reimbursed by the Investment Advisor under Section 1 hereof (the “Reimbursed Expenses”) for a period of three years following the year in which the expense was incurred, subject to the limitations provided in this Section. Such payment shall be made monthly, but only if the operating expenses of a class of shares of the Fund (exclusive of brokerage costs, interest, taxes, dividends, acquired fund fees and expenses, and extraordinary expenses), without regard to such payment, are equal to or less than the class’s annual rate (as a percentage of the average daily net assets) as set forth on Schedule A hereto. Furthermore, the amount of Waived Fees and Reimbursed Expenses paid by a class of shares of the Fund in any month shall be limited so that the sum of (a) the amount of such payment and (b) the other operating expenses of
the class of shares of the Fund (exclusive of brokerage costs, interest, taxes, dividends, acquired fund fees and expenses, and extraordinary expenses) does not exceed the lower of the class’s annual rate as set forth on Schedule A hereto or the expense limitation rate, if any, for the class of shares of the Fund that is in existence at the time of the payment. In no event will a particular class of shares of the Fund be obligated to pay any fees waived or deferred by the Investment Advisor or any expenses reimbursed by the Investment Advisor with respect to any other class or series of the Trust.
3. The Investment Advisor may elect in its discretion to terminate any fee waiver or expense reimbursement for any period following the date of expiration of this Agreement, but no such termination shall affect the obligation (including the amount of the obligation) of the Fund to repay amounts of Waived Fees or Reimbursed Expenses with respect to periods prior to such termination.
4. A copy of the Certificate of Statutory Trust establishing the Trust is on file with the Secretary of State of Delaware, and notice is hereby given that this Agreement is executed by the Trust on behalf of the Fund by an officer of the Trust as an officer and not individually and that the obligations of or arising out of this Agreement are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property belonging to the Fund.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
| Forward Funds, | ||||||||
| on behalf of its series, | ||||||||
| Forward Equity Long/Short Fund | Forward Management, LLC | |||||||
| By: | /s/ Robert S. Naka |
By: | /s/ Loire White | |||||
| Name: | Robert S. Naka | Name: | Loire White | |||||
| Title: | Secretary and Vice President Funds | Title: | Controller | |||||
2
SCHEDULE A
TO THE
EXPENSE LIMITATION AGREEMENT
FOR
FORWARD EQUITY LONG/ SHORT FUND
MAXIMUM OPERATING EXPENSE LIMIT
(as a percentage of the Fund’s average daily net assets)
| Investor Class |
Institutional Class | Class C | Advisor Class | |||||||||||
| 2.14 | % | 1.79 | % | 2.74 | % | 1.84 | % | |||||||
| This ‘485APOS’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 4/30/15 | 485BPOS, N-MFP | |||
| Filed as of: | 2/18/15 | |||
| Filed on: | 2/17/15 | |||
| 10/1/14 | 497 | |||
| 5/1/05 | ||||
| List all Filings | ||||