June 28, 2020 State Street Bank and Trust Company

June 28, 2020

State Street Bank and Trust Company

000 Xxxxxx Xxxxxx,

Floor 7, Mailstop SUM0704

Boston, MA 02110

Attention X. Xxxxxxxxx Xxxxxx, Vice President and Managing Counsel

Ladies and Gentlemen:

Reference is made to the Amended and Restated Master Custodian Agreement between us dated as of October 17, 2005, as amended and supplemented (the “Agreement”). Pursuant to the Agreement, this letter is to provide notice of the following:

Creation of Schwab High Yield Municipal Bond Fund

In accordance with Section 18.6 of the Agreement, we request that you act as Custodian with respect to the Schwab High Yield Municipal Bond Fund. A current Appendix A to the Agreement and Appendix B to the Amendment are attached hereto. In connection with such request, Schwab Investments, on behalf of Schwab High Yield Municipal Bond Fund, hereby confirms to you, as of the date hereof, the representations and warranties set forth in Section 18.7 of the Agreement.

Please indicate your acceptance of the foregoing by executing two copies of this letter, returning one to us and retaining one copy for your records.


SCHWAB INVESTMENTS

By:		/s/ Xxxxxxxx de St Paer
		Name: Xxxxxxxx xx Xx Xxxx
		Title: President & Chief Executive Officer

STATE STREET BANK AND TRUST COMPANY

By:		/s/ Xxxxxx Xxxxxxxx
		Name: Xxxxxx Xxxxxxxx
		Title: Executive Vice President

APPENDIX A

TO THE

AMENDED AND RESTATED MASTER CUSTODIAN AGREEMENT

As of June 28, 2020

THE XXXXXXX XXXXXX FAMILY OF FUNDS

Xxxxxx Value Advantage Money Fund

Schwab Government Money Fund

Schwab U.S. Treasury Money Fund

Schwab Municipal Money Fund

Schwab California Municipal Money Fund

Schwab New York Municipal Money Fund

Schwab AMT Tax-Free Money Fund

Schwab Treasury Obligations Money Fund

Schwab Variable Share Price Money Fund

Xxxxxx Retirement Government Money Fund

SCHWAB INVESTMENTS

Schwab 1000 Index Fund

Xxxxxx Tax-Free Bond Fund

Schwab California Tax-Free Bond Fund

Schwab Treasury Inflation Protected Securities Fund

Schwab U.S. Aggregate Bond Index Fund

Schwab Short-Term Bond Index Fund

Schwab High Yield Municipal Bond Fund

SCHWAB CAPITAL TRUST

Xxxxxx Core Equity Fund

Schwab Hedged Equity Fund

Laudus International MarketMasters Fund

Schwab Balanced Fund

Schwab Fundamental US Small Company Index Fund

Xxxxxx Fundamental US Large Company Index Fund

Schwab Monthly Income Fund - Moderate Payout

Schwab Monthly Income Fund - Enhanced Payout

Schwab Monthly Income Fund - Maximum Payout

Schwab International Core Equity Fund

Schwab U.S. Large-Cap Value Index Fund

Schwab U.S. Large-Cap Growth Index Fund

Schwab U.S. Mid-Cap Index Fund

SCHWAB ANNUITY PORTFOLIOS

Schwab Government Money Market Portfolio

SCHWAB STRATEGIC TRUST

Schwab U.S. Broad Market ETF

Schwab U.S. Large-Cap ETF

Schwab U.S. Large-Cap Growth ETF

Schwab U.S. Large-Cap Value ETF

Schwab U.S. Small-Cap ETF

Schwab International Equity ETF

Schwab International Small-Cap Equity ETF

Schwab Emerging Markets Equity ETF

Schwab U.S. TIPS ETF

Schwab Short-Term U.S. Treasury ETF

Schwab Intermediate-Term U.S. Treasury ETF

Schwab U.S. REIT ETF

Schwab U.S. Mid-Cap ETF

Schwab U.S. Aggregate Bond ETF

Schwab U.S. Dividend Equity ETF

Schwab Fundamental U.S. Broad Market Index ETF

Schwab Fundamental U.S. Large Company Index ETF

Schwab Fundamental U.S. Small Company Index ETF

Schwab Fundamental International Large Company Index ETF

Schwab Fundamental International Small Company Index ETF

Schwab Fundamental Emerging Markets Large Company Index ETF

Schwab 1000 Index ETF

Schwab 1-5 Year Corporate Bond ETF

Schwab 5-10 Year Corporate Bond ETF

Schwab Long-Term U.S. Treasury ETF

APPENDIX B

TO THE AMENDMENT TO