EXHIBIT K to the Investment Advisory Agreement BAIRD SHORT-TERM MUNICIPAL BOND FUND
BAIRD SHORT-TERM MUNICIPAL BOND FUND
For all services rendered by the Advisor hereunder, the Corporation shall pay the Advisor, on behalf of each of the above-named Funds, and the Advisor agrees to accept as full compensation for all services rendered hereunder, an annual investment advisory fee equal to 0.25% of the average daily net assets of each Fund.
The annual investment advisory fee shall be accrued daily at the rate of 1/365th of 0.25% applied to the daily net assets of each Fund. The advisory fee so accrued shall be paid by the Corporation to the Advisor monthly.
Executed as of this ___ day of ____________, 2015.
| THE ADVISOR: | |
| XXXXXX X. XXXXX & CO. INCORPORATED | |
| By:_____________________________________ | |
| THE CORPORATION: | |
| BAIRD FUNDS, INC. | |
| By:_____________________________________ | |
14068367.1
