EXHIBIT (d)(iv)
November 15, 2004
Xxxxxx Xxxxxxxx,
President and Chief Executive Officer,
Schwab Capital Trust and Schwab Investments
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Re: Schwab Investments
Dear Xx. Xxxxxxxx:
This letter will confirm our agreement to limit net operating expenses of the
following funds, as noted in the table below and described in the funds'
registration statements filed with the Securities and Exchange Commission.
NET OPERATING GUARANTEED
FUND EXPENSE LIMIT THROUGH
SCHWAB CALIFORNIA TAX-FREE
YIELDPLUS FUND INVESTOR SHARES 0.64% 11/14/05
SCHWAB CALIFORNIA TAX-FREE
YIELDPLUS FUND SELECT SHARES 0.49% 11/14/05
SCHWAB TAX-FREE YIELDPLUS FUND
INVESTOR SHARES 0.64% 11/14/05
SCHWAB TAX-FREE YIELDPLUS FUND
SELECT SHARES 0.49% 11/14/05
Sincerely,
___________________________________ _______________________________________
Xxxxxxx X. Xxxx, Xxxxxx Xxxxxxxx,
Senior Vice President and Chief Senior Vice President, AMPS Development
Investment Xxxxxxx, Xxxxxxx Xxxxxx and Distribution Xxxxxxx Xxxxxx
Investment Management, Inc. & Co., Inc.
cc: Xxxx Xxxxxx
Mini Jande
Xxx Xxxxxx
Xxxx Xxxxxx
Tai-Xxxx Xxxx
