SECOND AMENDMENT TO THE CUSTODY AGREEMENT
SECOND AMENDMENT TO THE CUSTODY AGREEMENT
THIS SECOND AMENDMENT dated as of August 31, 2010, to the Custody Agreement, dated as of August 15, 2005, as amended August 12, 2008 (the "Custody 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. Bank, N.A., a national banking association (the "Custodian").
RECITALS
WHEREAS, the parties have entered into a Custody Agreement; and
WHEREAS, the parties desire to amend the Custody Agreement; and
WHEREAS, Article XIV, Section 14.2 of the Custody Agreement allows for its amendment by a written instrument executed by the parties.
NOW, THEREFORE, the parties agree as follows:
The term of the Custody Agreement is extended through August 31, 2013;
Exhibit C of the Custody Agreement is hereby superseded and replaced with Amended Exhibit C attached hereto.
Exhibit D of the Custody Agreement is hereby superseded and replaced with Amended Exhibit D attached hereto.
Except to the extent amended hereby, the Custody 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. BANK, N.A.
By: /s/ Xxxx Xxxxx Xxxxxx By: /s/ Xxxxxxx X. McVoy____________
Name: Xxxx Xxxxx Xxxxxx Name: Xxxxxxx X. XxXxx
Title: President Title: Vice President
XXXXXX X. XXXXX & CO. INCORPORATED
By: /s/ Xxxxxxx X. Xxxxx
Name: Xxxxxxx X. Xxxxx
Title: Managing Director
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Amended Exhibit C
to the
Custody Agreement
Fund Names
Separate Series of Funds
Advisor
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Name of Series
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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
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Name of Series
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Date Added
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Baird LargeCap Fund
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September 29, 2000 (strikethrough on signed)
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Xxxxx XxxXxx Fund
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December 29, 2000 (strikethrough on signed)
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Amended Exhibit D to the Custody Agreement – Baird Funds, Inc.
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DOMESTIC CUSTODY SERVICES
FEE SCHEDULE
Effective September 1, 2010
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Annual Fee Based Upon Market Value Per Fund Complex
____ Bps on average daily market value up to $____
____ Bps on average daily market value over $____
Minimum annual fee per fund - $____
Plus portfolio transaction fees
Portfolio Transaction Fees
$____ /book entry DTC transaction/Federal Reserve transaction
$____ /principal paydown
$____ /U.S. Bank repurchase agreement transaction
$____ /short sale
$____ /option/future contract written, exercised or expired
$____ /mutual fund trade/Fed wire/margin variation Fed wire
$____ /physical security transaction
$____ /disbursement (waived if U.S. Bancorp is Administrator)
$____ /segregated account per year
§ A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.
§ No charge for the initial conversion free receipt.
§ Overdrafts – charged to the account at prime interest rate plus ____.
Out-Of-Pocket Expenses
Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, and extraordinary expenses based upon complexity.
Fees are billed monthly.
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