Exhibit (d)(xvii)
February 12, 2005
Xxxxxx Xxxxxxxx,
President and Chief Executive Officer,
Schwab Capital Trust
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Re: Schwab Premier Equity Fund - Investor Shares
Schwab Premier Equity Fund - Select Shares
Dear Xx. Xxxxxxxx:
This letter will confirm our agreement to limit the net operating expenses of
each share class of the above-named fund as noted in the table below and
described in the fund's registration statement filed with the Securities and
Exchange Commission.
FUND NET GUARANTEED
OPERATING THROUGH:
EXPENSE
LIMIT
SCHWAB PREMIER EQUITY 1.30% 2/27/06
FUND - INVESTOR SHARES
SCHWAB PREMIER EQUITY 1.15% 2/27/06
FUND - SELECT SHARES
Sincerely,
Xxxxxxx X. Xxxx Xxxxxx Xxxxxxxx,
Senior Vice President and Chief Vice President, Proprietary Funds
Investment Officer, Xxxxxxx Xxxxxxx Xxxxxx & Co., Inc.
Schwab Investment Management, Inc.
cc:
Xxxx Xxxxxx
Xxxxxxx Xxxxxxx
Xxxxxx Xxxxxxx
Xxx-Xxx Xxx
Xxxxxxx X. Hand
