3/25/15 Forward Funds 24F-2NT 12/31/14 1:41K → Forward Balanced Allocation Fund → Forward Equity Long/Short Fund → Forward Global Dividend Fund → Forward Growth & Income Allocation Fund → Forward Income & Growth Allocation Fund → Forward Managed Futures Strategy Fund → Forward Multi-Strategy Fund → Forward Select EM Dividend Fund → Forward Small Cap Equity Fund → Forward Tactical Enhanced Fund → Forward U.S. Government Money Fund → Salient Adaptive Balanced Fund → Salient Adaptive Income Fund → Salient Adaptive US Equity Fund → Salient Commodity Long/Short Strategy Fund → Salient EM Corporate Debt Fund → Salient EM Dividend Signal Fund → Salient EM Infrastructure Fund → Salient Frontier Strategy Fund → Salient Global Real Estate Fund → Salient High Yield Fund → Salient International Dividend Signal Fund → Salient International Small Cap Fund → Salient Investment Grade Fund → Salient Real Estate Fund → Salient Select Income Fund → Salient Select Opportunity Fund → Salient Tactical Growth Fund → Salient Tactical Muni & Credit Fund → Salient Tactical Real Estate Fund → Salient US Dividend Signal Fund 3/6/15 Forward Funds N-CSR 12/31/14 4:19M Donnelley … Solutions/FA → Forward Balanced Allocation Fund → Forward Equity Long/Short Fund → Forward Global Dividend Fund → Forward Growth & Income Allocation Fund → Forward Income & Growth Allocation Fund → Forward Multi-Strategy Fund → Forward Select EM Dividend Fund → Forward Small Cap Equity Fund → Forward Tactical Enhanced Fund → Forward U.S. Government Money Fund → Salient Adaptive Balanced Fund → Salient Adaptive Income Fund → Salient Adaptive US Equity Fund → Salient Commodity Long/Short Strategy Fund → Salient EM Corporate Debt Fund → Salient EM Dividend Signal Fund → Salient EM Infrastructure Fund → Salient Frontier Strategy Fund → Salient Global Real Estate Fund → Salient High Yield Fund → Salient International Dividend Signal Fund → Salient International Small Cap Fund → Salient Investment Grade Fund → Salient Real Estate Fund → Salient Select Income Fund → Salient Select Opportunity Fund → Salient Tactical Growth Fund → Salient Tactical Muni & Credit Fund → Salient Tactical Real Estate Fund → Salient US Dividend Signal Fund 2/26/15 Forward Funds NSAR-B 12/31/14 7:207K → Forward Balanced Allocation Fund → Forward Equity Long/Short Fund → Forward Global Dividend Fund → Forward Growth & Income Allocation Fund → Forward Income & Growth Allocation Fund → Forward Managed Futures Strategy Fund → Forward Multi-Strategy Fund → Forward Select EM Dividend Fund → Forward Small Cap Equity Fund → Forward Tactical Enhanced Fund → Forward U.S. Government Money Fund → Salient Adaptive Balanced Fund → Salient Adaptive Income Fund → Salient Adaptive US Equity Fund → Salient Commodity Long/Short Strategy Fund → Salient EM Corporate Debt Fund → Salient EM Dividend Signal Fund → Salient EM Infrastructure Fund → Salient Frontier Strategy Fund → Salient Global Real Estate Fund → Salient High Yield Fund → Salient International Dividend Signal Fund → Salient International Small Cap Fund → Salient Investment Grade Fund → Salient Real Estate Fund → Salient Select Income Fund → Salient Select Opportunity Fund → Salient Tactical Growth Fund → Salient Tactical Muni & Credit Fund → Salient Tactical Real Estate Fund → Salient US Dividend Signal Fund 1/7/15 Forward Funds N-MFP 12/31/14 1:51K R R Donnelley … Filer/FA → Forward U.S. Government Money Fund