January 20, 2016 Marie Chandoha President and CEO The Charles Schwab Family of Funds
January 20, 2016
Xxxxx Xxxxxxxx
President and CEO
The Xxxxxxx Xxxxxx Family of Funds
000 Xxxx Xxxxxx
San Francisco, CA 94105
Re: The Xxxxxxx Xxxxxx Family of Funds (the “Trust”)
Dear Xx. Xxxxxxxx:
This letter will confirm our agreement to limit net operating expenses of the following series of the Trust, as noted in the table below and described in the Trust’s registration statement filed with the Securities and Exchange Commission.
| Fund |
Net Operating Expense Limit |
Guaranteed Through |
||||||
| Schwab Variable Share Price Money Fund – Select Shares |
35 bps | 4/29/18 | ||||||
| Xxxxxx Variable Share Price Money Fund – Premier Shares |
24 bps | 4/29/18 | ||||||
| Schwab Variable Share Price Money Fund – Ultra Shares |
21 bps | 4/29/18 | ||||||
Sincerely,
| /s/ Xxxxxx Xxxxxxx |
/s/ Xxxx Xxxxxxxx | |
| Xxxxxx Xxxxxxx | Xxxx Xxxxxxxx | |
| Chief Financial Officer | Senior Vice President | |
| Xxxxxxx Xxxxxx Investment Management, Inc. | Xxxxxxx Xxxxxx & Co., Inc. |
