Exhibit (d)(viii)
April 20, 2007
Xxxxxx Xxxxxxxx
President and Chief Executive Officer
The Xxxxxxx Xxxxxx Family of Funds
000 Xxxxxxxxxx Xxxxxx
Xxx Xxxxxxxxx, XX 00000
Re: The Xxxxxxx Xxxxxx Family of Funds
Dear Xx. Xxxxxxxx:
This letter will confirm our agreement to limit net operating expenses of the
following funds effective April 30, 2007, as noted in the table below and
described in the funds' registration statement to be filed with the Securities
and Exchange Commission on or about April 30, 2007.
NET OPERATING GUARANTEED
FUND EXPENSE LIMIT THROUGH
---- ------------- -------
SCHWAB MONEY MARKET FUND 73 bps 4/29/08
SCHWAB GOVERNMENT MONEY FUND 75 bps 4/29/08
SCHWAB U.S. TREASURY MONEY FUND 61 bps 4/29/08
XXXXXX MUNICIPAL MONEY FUND -- SWEEP SHARES 63 bps 4/29/08
XXXXXX AMT TAX-FREE MONEY FUND -- SWEEP SHARES 63 bps 4/29/08
SCHWAB CALIFORNIA MUNICIPAL MONEY FUND -- SWEEP SHARES 62 bps 4/29/08
SCHWAB NEW YORK MUNICIPAL MONEY FUND -- SWEEP SHARES 65 bps 4/29/08
SCHWAB NEW JERSEY MUNICIPAL MONEY FUND -- SWEEP SHARES 65 bps 4/29/08
SCHWAB PENNSYLVANIA MUNICIPAL MONEY FUNDS-- SWEEP SHARES 65 bps 4/29/08
SCHWAB MASSACHUSETTS MUNICIPAL MONEY FUND -- SWEEP SHARES 65 bps 4/29/08
SCHWAB ADVISOR CASH RESERVES -- SWEEP SHARES 66 bps* *
SCHWAB ADVISOR CASH RESERVES -- PREMIER SWEEP SHARES 59 bps* *
NET OPERATING GUARANTEED
FUND EXPENSE LIMIT THROUGH
---- ------------- -------
SCHWAB CASH RESERVES 68 bps* *
XXXXXX VALUE ADVANTAGE MONEY FUND -- INVESTOR SHARES 45 bps* *
XXXXXX AMT TAX-FREE MONEY FUND -- VALUE ADVANTAGE SHARES 45 bps 4/29/08
XXXXXX MUNICIPAL MONEY FUND -- VALUE ADVANTAGE SHARES 45 bps 4/29/08
SCHWAB CALIFORNIA MUNICIPAL MONEY FUND -- VALUE ADVANTAGE SHARES 45 bps 4/29/08
SCHWAB NEW YORK MUNICIPAL MONEY FUND -- VALUE ADVANTAGE SHARES 45 bps 4/29/08
XXXXXX VALUE ADVANTAGE MONEY FUND -- INSTITUTIONAL SHARES 24 bps 4/29/08
XXXXXX VALUE ADVANTAGE MONEY FUND -- SELECT SHARES 35 bps 4/29/08
XXXXXX MUNICIPAL MONEY FUND -- INSTITUTIONAL SHARES 24 bps 4/29/08
XXXXXX MUNICIPAL MONEY FUND -- SELECT SHARES 35 bps 4/29/08
SCHWAB RETIREMENT ADVANTAGE MONEY FUND 49 bps 4/29/08
SCHWAB INVESTOR MONEY FUND n/a n/a
XXXXXX VALUE ADVANTAGE MONEY FUND -- INSTITUTIONAL PRIME SHARES 21 bps 4/29/08
*Schwab and CSIM have agreed to limit these net operating expenses for so long
as CSIM serves as adviser to the fund. This agreement may only be terminated
with the approval of the fund's Board of Trustees.
Sincerely,
/s/ Xxxxxx Xxxxxxx /s/ Xxxxxxx Xxxxxxx
------------------ -------------------
Xxxxxx Xxxxxxx Xxxxxxx Xxxxxxx
Senior Vice President and Vice President
Chief Financial Officer Product Strategy and Product Management
Xxxxxxx Xxxxxx Investment Management, Inc. Xxxxxxx Xxxxxx & Co., Inc.
cc:
Xxxxxxx, Xxxxxxx
Xxxxxx, Xxxx
Xxxx, Xxxxxxx
Xxxxx, Xxxx
Xxx, Xxxxxxx
Xxxxxxx, Xxxx
Xxx, Xxxx
Xxxxxx, Xxx
Xxxxxxx, Xxxxxx
Xxxxxx, Xxx
Xxxxxx, Xxxxxxx
Xxxxxx, Xxxx
Xxxxxxxxx, Xxxxxxxx
