Exhibit (d)(xi)
September 18, 2006
Xxxxxx Xxxxxxxx
President and Chief Executive Officer
The Xxxxxxx Xxxxxx Family of Funds
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Re: Schwab Value Advantage Money Fund -- Institutional Prime Shares Class
Dear Xx. Xxxxxxxx:
This letter will confirm our agreement to limit net operating expenses of the
following fund share class, as noted in the table below and described in the
fund's amendment to its registration statement to be filed with the Securities
and Exchange Commission and become effective September 18, 2006.
FUND NET OPERATING GUARANTEED
EXPENSE LIMIT THROUGH
SCHWAB VALUE ADVANTAGE FUND -- INSTITUTIONAL PRIME SHARE 21 bps 9/18/07
CLASS
Sincerely,
/s/ Xxxxxx Xxxxxxx /s/ Xxxxxxx Xxxxxxx
------------------ -------------------
Xxxxxx Xxxxxxx Xxxxxxx Xxxxxxx
Senior Vice President and Vice President
Chief Financial Officer Product Strategy and Product
Xxxxxxx Xxxxxx Investment Management
Management, Inc. Xxxxxxx Xxxxxx & Co., Inc.
cc:
Xxxxxxx, Xxxxxxx
Xxxxxx, Xxxx
Xxx, Zuogang
Hand, Xxxxxxx
Xxxxx, Xxxx
Xxx, Xxxx
Xxxxxx, Xxx
Xxxxxx, Xxxx
Xxxxxxxxx, Xxxxxxxx
