Exhibit (d)(xviii)
August 9, 2005
Xxxxxx Xxxxxxxx,
President and Chief Executive Officer,
Schwab Capital Trust
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Re: Schwab Large Cap Growth Fund - Investor Shares
Schwab Large Cap Growth 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 LARGE CAP 1.20% 2/27/07
GROWTH FUND -
INVESTOR SHARES
SCHWAB LARGE CAP 0.99% 2/27/07
GROWTH FUND - SELECT
SHARES
Sincerely,
/s/ Xxxxxxx X. Xxxx /s/ Xxxxxx Xxxxxxxx
-------------------- -------------------
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
