0001193125-07-217552 Sample Contracts

Exhibit (d)(16) Sub-Advisory Agreement among the Registrant, the Advisor and Pictet Asset Management SA FORWARD FUNDS INVESTMENT SUB-ADVISORY AGREEMENT

Investment Sub-Advisory Agreement • October 12th, 2007 • Forward Funds • California

• Contract Type
  Investment Sub-Advisory Agreement
• Filed
  October 12th, 2007
• Company
  Forward Funds
• Jurisdiction
  California

This INVESTMENT SUB-ADVISORY AGREEMENT (“Agreement”) effective as of October 5, 2007, is by and among Pictet Asset Management SA, (the “Sub-Advisor”), Forward Funds (the “Trust”), on behalf of the Forward International Fixed Income Fund, a series of the Trust (the “Fund”), and Forward Management, LLC (the “Advisor”).

Exhibit (d)(3) Amended and Restated Investment Management Agreement FORWARD FUNDS AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT

Investment Management Agreement • October 12th, 2007 • Forward Funds • California

• Contract Type
  Investment Management Agreement
• Filed
  October 12th, 2007
• Company
  Forward Funds
• Jurisdiction
  California

AGREEMENT, effective as of September 7, 2006, between Forward Management, LLC (“Forward Management” or the “Investment Advisor”) and Forward Funds (the “Trust”) on behalf of the series of the Trust listed on Exhibit A (the “Funds”).