FEE WAIVER AGREEMENT
This Agreement is entered into as of the 14th day of October, 2013 between Xxxxxx X. Xxxxx & Co. Incorporated (the “Advisor”) and Baird Funds, Inc. (the “Corporation”), on behalf of the Xxxxx Ultra Short Bond Fund (the “Fund”).
WHEREAS, the Advisor desires to contractually agree to waive a portion of its advisory fee as further described below.
NOW THEREFORE, the parties agree as follows:
The Advisor agrees that, for the term of this Agreement, it will waive management fees in an amount equal to an annual rate of 0.15% of the average daily net assets for the Fund. This Agreement shall continue in effect until April 30, 2015. This Agreement may only be terminated prior to the end of this term by or with the consent of the Board of Directors of Xxxxx Funds, Inc. This Agreement shall automatically continue thereafter for successive renewal terms of one year each, unless either party notifies the other party of its desire to terminate this Agreement prior to such renewal.
XXXXXX X. XXXXX & CO. INCORPORATED
By: _____________________________________________
Xxxxx Xxxxxxx, Senior Vice President
BAIRD FUNDS, INC. (on behalf of the Xxxxx Ultra Short Bond Fund)
By:_____________________________________________
Xxxx Xxxxx Xxxxxx, President
