AMENDMENT TO ADMINISTRATION AGREEMENT
Exhibit
(h)(vi)
AMENDMENT
TO ADMINISTRATION AGREEMENT
This
Amendment to Administration Agreement is entered into this 30th day of
April, 2007 by and between Baird Funds, Inc., a Wisconsin corporation (the
“Corporation”), and Xxxxxx X. Xxxxx & Co. Incorporated (the
“Administrator”). This Amendment amends the Administration Agreement
dated September 29, 2000 by and between the Corporation and the Administrator
(the “Administration Agreement”).
This
Amendment hereby amends and restates Section 3 of the Administration Agreement
in its entirety as follows:
3. Expenses of the
Funds. The Administrator assumes and shall pay for maintaining
its staff and personnel, and shall at its own expense provide the equipment,
office space and facilities necessary to perform its obligations under this
Agreement. In addition, the Administrator assumes and shall pay all
other operating expenses of the Funds, including without limitation, insurance
and fidelity bond costs, taxes, legal and auditing fees and expenses, costs of
printing prospectuses, annual reports and proxy statements, directors’ fees,
fees and expenses for custodial and transfer agency services, accounting and
pricing costs (including the daily calculation of net asset value), and other
normal expenses properly payable by the Funds, but specifically excluding
management or investment advisory fees, fees payable pursuant to the Funds’
12b-1 plan, interest and other borrowing costs, commissions and other costs
relating to portfolio securities transactions (including the costs, fees and
expenses associated with the Funds’ investments in other investment companies),
litigation and other extraordinary or non-recurring expenses.
Other
than the amendment and restatement of Section 3 as set forth above, the
Administration Agreement shall remain in full force and effect without
change.
BAIRD FUNDS, INC. | XXXXXX X. XXXXX & CO. INCORPORATED |
By: /s/ Xxxxxxx X. Xxxxx | By: /s/ Xxxx Xxxxx Xxxxxx |
Title: Secretary | Title: Managing Director |