Baird Funds N-14 Registration statement for investment companies business combination

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form N-14 of our report dated February 26, 2021, relating to the financial statements and financial highlights ofBaird SmallCap Value Fund and Baird Small/Mid Cap Value Fund, each a series of Baird Funds, Inc., for the year ended December 31, 2020, and to the references to our firm under the headings “Additional Information About the Funds”, “Appendix A”, “Appendix C”, in the Combined Proxy Statement/Prospectus and “Independent Registered Public Accounting Firm and Financial Statements” in the Statement of Additional Information.

COHEN & COMPANY, LTD.

Milwaukee, Wisconsin

September 27, 2021