SECOND AMENDMENT TO THE FUND ADMINISTRATION SERVICING AGREEMENT
SECOND AMENDMENT TO THE
THIS SECOND AMENDMENT dated as of August 31, 2010, to the Fund Administration Servicing Agreement, dated as of August 15, 2005, as amended August 12, 2008 (the "Agreement"), is entered into by and among Xxxxxx X. Xxxxx & Co. Incorporated, a Wisconsin corporation (the "Advisor"), Baird Funds, Inc., a Wisconsin corporation (the “Company”) and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have entered into an Agreement; and
WHEREAS, the parties desire to amend the Agreement; and
WHEREAS, Section 10 of the Agreement allows for its amendment by a written instrument executed by the parties.
NOW, THEREFORE, the parties agree as follows:
The term of the Agreement is extended through August 31, 2013;
Exhibit A of the Agreement is hereby superseded and replaced with Amended Exhibit A attached hereto.
Exhibit B of the Agreement is hereby superseded and replaced with Amended Exhibit B attached hereto.
Except to the extent amended hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
BAIRD FUNDS, INC. U.S. BANCORP FUND SERVICES, LLC
By: /s/ Xxxx Xxxxx Xxxxxx By: /s/ Xxxxxxx X. McVoy____________
Name: Xxxx Xxxxx Xxxxxx Name: Xxxxxxx X. XxXxx
Title: President Title: Executive Vice President
XXXXXX X. XXXXX & CO. INCORPORATED
By: /s/ Xxxxxxx X. Xxxxx
Name: Xxxxxxx X. Xxxxx
Title: Managing Director
2
Amended Exhibit A
to the
Separate Series of Funds
Fund Names
Advisor
Name of Series Date Added
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Xxxxx Intermediate Bond Fund
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September 29, 2000
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Xxxxx Core Plus Bond Fund
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September 29, 2000
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Xxxxx Aggregate Bond Fund
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September 29, 2000
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Xxxxx Short-Term Bond Fund
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September 29, 2000
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Xxxxx Intermediate Municipal Bond Fund
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September 29, 2000
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Company
Name of Series Date Added
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Baird LargeCap Fund
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September 29, 2000
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Xxxxx XxxXxx Fund
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December 29, 2000
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2
Amended Exhibit B to the Fund Administration Servicing Agreement – Baird Funds
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FUND ADMINISTRATION & PORTFOLIO COMPLIANCE SERVICES
FEE SCHEDULE
Effective September 1, 2010
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Domestic Funds
Annual Fee Based Upon Average Net Assets Per Fund:
____ basis points on the first $____
____ basis points on the next $____
____ basis points on the balance
Minimum annual fee: $____ per fund portfolio (2 cusips)
Services Included in Annual Fee Per Fund
§ Advisor Information Source Web portal
§ USBFS Legal Administration Services (waived)*
§ Daily Compliance Testing -Xxxxxxx River (waived)*
Priced Separately
§ Master/Feeder Funds
§ International Funds
§ Additional Fund Classes (more than 2)
§ Multiple Managers/Subadvisors per Fund
§ New fund/Share Class Launch
Out-Of-Pocket Expenses
Including but not limited to postage, stationery, programming, special reports, third-party data provider costs, proxies, insurance, XXXXX filing, GICS Code usage for SOIs, retention of records, federal and state regulatory filing fees, expenses from Board of directors meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), and conversion expenses (if necessary).
Additional Services
Available but not included above are the following services – USBFS legal administration* (e.g., registration statement update), daily performance reporting, daily compliance testing (Xxxxxxx River)*, Section 15(c) reporting, electronic Board materials, and additional services mutually agreed upon.
Fees are billed monthly.
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